DEAR MEMBERS,
Your Directors have pleasure in presenting the 08th Annual
Report of your Company (the Company' or Innovana') along with the
audited financial statements, for the financial year ended March 31, 2023. The
consolidated performance of the Company and its subsidiaries has been referred to wherever
required. COMPANY OVERVIEW: Founded in 2015, Innovana Thinklabs Limited is a software and
application development company headquartered in Jaipur. We create cutting-edge products
that help optimize system performance, enhance system security and significantly improve
the user experience. From advanced Anti-Virus software, utility applications, and apps to
web extensions for browser security, we have an extensive portfolio of software products
and mobile applications. With 1.5 million downloads and nearly 10 million unique visitors
every month, our products have registered their presence in over 126 countries in 13
different languages.
(In Thousand)
|
Standalone# |
Consolidated* |
Particulars |
2022-23 |
2021-22 |
2022-23 |
2021-22 |
Revenue from Operation |
4,19,147.71 |
3,05,026.39 |
7,91,854.66 |
5,75,830.95 |
Other Income |
51,301.51 |
39,582.41 |
69,279.54 |
43,381.03 |
Total Revenue |
4,70,449.22 |
3,44,608.80 |
8,61,134.20 |
6,19,211.98 |
Total Expenses |
2,36,997.68 |
1,91,849.15 |
5,33,614.68 |
3,55,858.67 |
Profit or loss before tax |
2,33,451.54 |
1,52,759.65 |
3,27,519.52 |
2,63,353.31 |
Total Tax Expenses |
59,696.20 |
38,959.01 |
53,513.72 |
48,681.06 |
Other Comprehensive Income
for the Year, Net of Tax |
(2,892.94) |
1,899.14 |
(7,889.03) |
(4,907.25) |
Total Comprehensive Income
for the Year, net of Tax |
1,70,862.40 |
1,15,699.78 |
2,66,116.77 |
2,09,765.00 |
Earnings per Share (EPS) |
|
|
|
|
1. Basic |
16.91 |
11.10 |
26.17 |
20.28 |
2. Diluted |
16.91 |
11.10 |
26.17 |
20.28 |
# During the year company recorded a total income from the
operation of Rs. 4,19,147.71 thousand as against Rs. 305,026.39 thousand in the previous
year. Profit before tax during the year Rs. 2,33,451.54 thousand as against Rs. 152,759.65
thousand Calculation basis on standalone. *During the year company recorded a total income
from the operation of Rs. 7,91,854.66 thousand as against Rs. 575,830.95 thousand in the
previous year. Profit before tax during the year Rs. 3,27,519.52 thousand as against Rs.
263,353.31 thousand Calculation basis on consolidation. CONSOLIDATED FINANCIAL STATEMENTS
As per Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (hereinafter referred to as Listing
Regulations) and the applicable provisions of the Companies Act, 2013 read with the
Rules issued there under, the Consolidated Financial Statements of the Company for the
financial year 2022-23 have been prepared in compliance with applicable accounting
standards and on the basis of audited financial statements of the Company and its
subsidiary as approved by the Board of Directors of the Company. The consolidated
Financial Statements together with the Auditor's Report form part of this Annual
Report.
SUBSIDIARIES
A separate statement containing the salient features of financial
statements of all the subsidiaries of the Company forms a part of consolidated financial
statements in compliance with Section 129 and other applicable provisions, if any, of the
Companies Act, 2013, the financial statements of the subsidiary are available for
inspection by the members at the Registered Office of the Company during business hours on
all days except Saturday, Sundays and Public holidays up to the date of Annual General
Meeting. (AGM'). The financial statements including the consolidated financial
statements and all other documents required to be attached to this report have been
uploaded to the website of the Company www.innovanathinklabs.com. The Company has
formulated a policy for determining the material subsidiaries. The policy may be accessed
on the website of the Company. CHANGE IN THE NATURE OF INTEREST, IF ANY: During the year
under review, there was no change in the nature of the Business of the Company. DIVIDEND
The Board has recommended a dividend of Re. 0.25 (Twenty- Five paisa)
per equity share on equity shares of the face value of Re.10 each (i.e. 2.5%) for FY
2022-23. The dividend is subject to approval of the members at the ensuing annual general
meeting (AGM) and shall be subject to deduction of income tax at source, as applicable.
The dividend, if approved by the members at the ensuing AGM, will result in cash outflow
of approx. Rs. 51.25 lakhs AMOUNTS TRANSFERRED TO RESERVES: Pursuant to provisions of
Section 134(1) (j) of the Companies Act, 2013, the company has not proposed to transfer
any amount to the General Reserve account of the company during the year under review.
TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND
Since no unclaimed dividend amount is pending with the Company, no
amount is required to be transferred to the Investor Education and Protection Fund.
DEPOSITS
The Company has not accepted any deposits within the meaning of Section
73 of the Companies Act, 2013 and the rules made there under DIRECTORS AND KEY MANAGERIAL
PERSONNEL (KMP) During the year under Review, the following changes occurred in the
position of Directors/KMP of the Company. In compliance with the provisions of Section
149, 152 read with Schedule IV and all other applicable provisions of the Companies Act,
2013 and the Companies (Appointment and Qualification of Directors) Rules, 2014 (including
any statutory modifications (s) or re-enactment thereof for the time being in force) and
SEBI (LODR) Regulations, 2015, the composition of the Board of Directors and Key
Managerial Personnel are as follows:
S.No. |
Board of Directors |
DIN |
Designation |
1. |
CHANDAN GARG |
06422150 |
Chairman cum Managing Director |
2. |
KAPIL GARG |
07143551 |
Whole Time Director |
3. |
SWARAN KANTA |
07846714 |
Non-Executive Director |
4. |
NARENDRA KUMAR GARG |
08640447 |
Executive - Director |
5. |
RIYA SHARMA |
09213476 |
Non-Executive Independent Director |
6. |
ARVIND KUMAR SHARMA* |
01417904 |
Non-Executive Independent Director |
7. |
HEMANT KOUSHIK* |
08853746 |
Non-Executive Independent Director |
8. |
SUMIT SARDA* |
07886808 |
Non-Executive Independent Director |
9. |
DEEPAK JANGID * |
08069097 |
Non-Executive Independent Director |
*Appointment/ Resignation: 28/05/2022
The Company also consists of the following Key Managerial Personnel
S.No. |
Name of the KMP |
PAN |
Designation |
1. |
Sanjeev Mittal |
ADYPM5504E |
Chief Financial Officer |
2. |
Vasu Ajay Anand |
BZKPA4436L |
Company Secretary &
Compliance officer |
On the basis of representations received from the Directors, none of
the Directors of the Company are disqualified as per Sec.164(2) of the Companies Act, 2013
and rules made thereunder or any other provisions of the Companies Act, 2013. The
Directors have also made necessary disclosures as required under provisions of Sec. 184(1)
of the Companies Act, 2013. All members of the Board of Directors and senior management
personnel affirmed compliance with the Company's Code of Conduct policy for the
financial year 2022-23. All Independent Directors of the Company have given a declaration
under Sec.149(7) of the Act, that they meet the criteria laid down in Sec. 149(6) of the
Act. The Board is of the opinion that all the Independent Directors of the Company possess
the requisite qualifications, experience and expertise including proficiency in their
respective fields of study. Further, their names are included in the data bank of
Independent Directors maintained with the Indian Institute of Corporate Affairs in terms
of Sec.150 of the Act read with Rule 6 of the Companies (Appointment and Qualification of
Directors) Rules, 2014. In compliance with Schedule IV of the Companies Act, 2013 a
meeting of the Independent Directors of the Company was held during the year. The
evaluation process for the Board of Directors pertaining to the Financial Year 2022-23 has
been carried out and the same was shared with the Chairman of the Company and Nomination
and Remuneration Committee of the Board. CHANGES IN DIRECTOR AND KEY MANAGERIAL PERSONNEL
During the year, Mr. Hemant Koushik (DIN 08853746) has regularized as
an Independent Director of the Company, and Mr. Deepak Jangid resigned on May 28, 2022 and
Mr. Arvind Kumar Sharma (DIN 01417904) has regularized as an Independent Director of the
Company and Mr. Sumit Sarda who resigned on May 28,2022. RETIREMENT BY ROTATION
In accordance with the provisions of Section 152 of the Companies Act,
2013 and in terms of the Article of Association of the Company Mrs. Swaran Kanta (DIN:
07846714) is liable to retire by rotation and being eligible, seek re-appointment at the
ensuing Annual General Meeting. The board of Directors recommends his reappointment, Mrs.
Swaran Kanta is not disqualified under section 164 (2) of the Companies Act, 2013. A brief
resume of the Director proposed to be appointed/reappointed, the nature of her experience
in specific functions an area and number of public companies in which he holds
membership/chairmanship of Board and Committee, shareholding and inter se relationships
with other directors as stipulated under Regulation 36 (3) of SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 are provided in the Annexure to Notice of
AGM' forming part of Annual Report MEETINGS OF THE BOARD OF DIRECTORS
Details of Board Meeting
S.no |
Meeting Date |
Board Strength |
No. of Directors present |
1 |
28/05/2022 |
7 |
6 |
2 |
08/06/2022 |
7 |
6 |
3 |
15/08/2022 |
7 |
6 |
4 |
06/09/2022 |
7 |
6 |
5 |
28/10/2022 |
7 |
4 |
6 |
14/02/2023 |
7 |
6 |
7 |
31/03/2023 |
7 |
6 |
BOARD EVALUATION
Pursuant to Regulation 17(10) of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 and Section 134(3)(p) of the Companies Act,
2013, the Board has carried out an annual performance evaluation of its own performance,
the directors individually as well as the evaluation of the working of its Audit Committee
and Nomination and Remuneration Committee and Stakeholders Relationship Committee. The
Board adjudged the performance of the individual director, excluding the presence of the
individual director being adjudged in the meeting. AUDITORS AND AUDIT REPORT
Statutory Auditors and their Report
The company at its 06th Annual General Meeting held in the
year 2020-21, appointed M/s Amit Ramakant & Co., Chartered Accountants (Firm
Registration Number 009184C), Jaipur, as Statutory Auditors, for a period of five years
i.e. till 10th Annual General Meeting of the company. As per the provisions of
Section 40 of the Companies (Amendment) Act, 2017 there is no requirement for ratification
of the appointment of Statutory Auditor at every Annual General Meeting of the Company and
therefore, it is not required to ratify the appointment every year. The Report of
Statutory Auditor M/s Amit Ramakant & Co., Chartered Accountants, on financial
statements, for the year ended 31st March 2023, does not contain any
qualification, reservation, adverse remark, disclaimer or observations. The report is
self-explanatory and do not call for any further clarification. No fraud has been reported
by the Auditor.
Secretarial Auditor
Pursuant to the provisions of Section 204 of the Companies Act, 2013
read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014, the Board of Directors had appointed M/s DEEPAK ARORA & ASSOCIATES Company
Secretary in Practice to undertake the Secretarial Audit of the Company for the financial
year 2022-23. Their report in Form MR-3 for the financial year ended March 31, 2023, is
provided as Annexure to the report.
The company has adhered to best practices in good governance; the
observations made by the secretarial auditor pertain to compliance delays, which were
caused by technical glitches and unavoidable circumstances
Internal Auditor
Pursuant to the provision of Section 138 of the Companies Act, 2013 and
rules made thereunder, the Board has appointed M/s Jindal Ashok & Co., Chartered
Accountants, as an Internal Auditor of the Company the for financial year 2022-23 and they
have completed and submitted the internal audit report for the period as per the scope
defined by the Audit Committee. CHANGES IN THE SHARE CAPITAL, IF ANY
During the year, the Authorized share capital of your company has
enhanced from 10,25,00,000.00/- comprising 1,02,50,000 equity shares to 20,50,00,000.00/-
comprising 2,05,00,000 Equity Shares. The Company's paid-up equity capital as on 31st
March 2023 was 20,50,00,000.00/- comprising 2,05,00,000 equity Shares of Rs. 10/- each.
During the year under report, the company had made an allotment of 1,02,50,000 equity
shares of Rs. 10/- each as Bonus Share. ANNUAL RETURN
The details forming part of the Extract of the Annual Return as on 31st
March 2023 in Form MGT-9 in In terms of Section 92(3) of the Companies Act, 2013, the
Annual Return of the Company is available on the website of the Company at link
www.innovanathinklabs.com
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, AND FOREIGN EXCHANGE
EARNINGS AND OUTGO The particulars as required under the provisions of Section 134(3)(m)
of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 in
respect of conservation of energy, technology absorption, foreign exchange earnings, and
outgo etc. are furnished in Annexure A which forms part of this Report.
DISCLOSURE UNDER SECTION 197(12) OF THE COMPANIES ACT, 2013 AND OTHER
DISCLOSURES AS PER RULE 5 OF COMPANIES (APPOINTMENT AND REMUNERATION) RULES, 2014 The
Statement required pursuant to Section 197(12) of the Companies Act, 2013, read with Rule
5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014,
forms a part of this Report and the same is attached as per Annexure - B.
MANAGEMENT DISCUSSION AND ANALYSIS REPORT
Management Discussion and Analysis form an integral part of this Report
and is annexed as Annexure C which gives details of the overall industry structure,
economic developments, performance, and state of affairs of the Company's various
businesses. DIRECTOR RESPONSIBILITY STATEMENT
Pursuant to section 134 (5) of the Companies Act, 2013, the board of
directors, to the best of their knowledge and ability confirm that: In the preparation of
the annual accounts, the applicable accounting standards had been followed along with
proper explanation relating to material departures. The directors have selected such
accounting policies and applied them consistently and made judgments and estimates that
are reasonable and prudent so as to give a true and fair view of the state of affairs of
the company at the end of the Financial Year. The directors had taken proper and
sufficient care for the maintenance of adequate accounting records in accordance with the
provisions of this Act for safeguarding the assets of the company and for preventing and
detecting fraud and other irregularities; The directors had prepared the annual accounts
on a going concern basis; and The directors had laid down internal financial controls to
be followed by the Company and that such internal financial control is adequate and was
operating effectively. They had devised proper systems to ensure Compliance with the
provisions of all the applicable laws and that such systems are adequate and operating
efficiently. COMMITTEE OF THE BOARD
Presently, the board has four (4) committees i.e Audit Committee,
Stakeholder Relationship Committee, Nomination & Remuneration Committee, and CSR
Committee, consultation of which are given below: - Committee details are mentioned as on
31st March 2023.
(I) Audit Committee:
S. No |
Name |
Designation in Company |
Designation in Committee |
1 |
Mr. Hemant Koushik |
Non-Executive Independent Director |
Chairman |
2 |
Mrs. Riya Sharma |
Non-Executive Independent Director |
Member |
3 |
Mr. Chandan Garg |
Chairman & Managing Director |
Member |
(II) Shareholder's Grievance Committee:
S. No |
Name |
Designation in Company |
Designation in Committee |
1 |
Mr. Arvind Kumar Sharma |
Non-Executive Independent Director |
Chairman |
2 |
Mrs. Riya Sharma |
Non-Executive Independent Director |
Member |
3 |
Mr. Hemant Koushik |
Non-Executive Independent Director |
Member |
(III) Nomination & Remuneration Committee:
S. No |
Name |
Designation in Company |
Designation in Committee |
1 |
Mr. Hemant Koushik |
Non-Executive Independent Director |
Chairman |
2 |
Mr. Arvind Kumar Sharma |
Non-Executive Independent
Director |
Member |
3 |
Mrs. Riya Sharma |
Non-Executive Independent Director |
Member |
(IV) CSR Committee
S. No |
Name |
Designation in Company |
Designation in Committee |
1 |
Mrs. Riya Sharma |
Non-Executive Independent Director |
Chairman |
2 |
Mr. Arvind Kumar Sharma |
Non-Executive Independent
Director |
Member |
3 |
Mr. Hemant Koushik |
Non-Executive Independent Director |
Member |
Committees of the Board
Audit Committee
Your Directors have constituted the Audit Committee in accordance with
Sec. 177 of the Companies Act, 2013 read with Rule 6 of Companies (Meetings of Board and
its Powers) Rules, 2014
S.no |
Meeting Date |
Board Strength |
No. of Directors present |
1 |
28/05/2022 |
3 |
3 |
2 |
06/09/2022 |
3 |
3 |
3 |
28/10/2022 |
3 |
3 |
4 |
31/03/2023 |
3 |
3 |
Corporate Social Responsibility Committee
Your Directors have constituted the Corporate Social Responsibility
Committee in accordance with Sec. 135 of the Companies Act, 2013
S.no |
Meeting Date |
Board Strength |
No. of Directors present |
1 |
28/05/2022 |
3 |
3 |
2 |
31/03/2023 |
3 |
3 |
Stakeholders' Relationship Committee
Your Directors have constituted the Corporate Social Responsibility
Committee in accordance with Sec. 178 of the Companies Act, 2013 and Regulation 20 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
S.no |
Meeting Date |
Board Strength |
No. of Directors present |
1 |
08/06/2022 |
3 |
3 |
Nomination and Remuneration Committee
Your Directors have constituted the Nomination and Remuneration
Committee in accordance with Sec. 178 of the Companies Act, 2013.
S.no |
Meeting Date |
Board Strength |
No. of Directors present |
1 |
28/05/2022 |
3 |
3 |
2 |
14/02/2023 |
3 |
3 |
DETAILS OF SUBSIDIARY/ JOINT VENTURES/ ASSOCIATE COMPANY
The Company has 6 Subsidiaries as on March 31, 2023. There are 2 (Two)
associate Companies within the meaning of Section 2 (6) of the Companies Act, 2013. There
has been no material change in the nature of the business of the subsidiaries. Details are
annexure in Annexure D Pursuant to the provisions of Section 129 (3) of the Companies Act,
2013 a statement containing the salient features of the Company's subsidiaries in
Form AOC-1 is attached to the financial statement of the Company
S.N O |
Name and address of the
Company |
CIN/ Date of Incorporation |
Holding/ Subsidiary
Company |
% of Shares Held |
Applicable Section |
|
INNOVANA TECHLABS LIMITED |
U72900GJ2017PLC |
Subsidiary |
100 |
2 (87) (ii) |
01 |
Unit No. 407, 4th Floor, Signature |
100237 |
Company |
|
|
|
Bldg Block 13B, ZONE-I,
GIFT SEZ Gandhinagar GJ 382355 IN |
21/12/2017 |
|
|
|
|
INNOVANA FITNESS LABS LIMITED |
U74999RJ2019PLC |
Subsidiary |
100 |
2 (87) (ii) |
02 |
1- Kha 18 Jawahar Nagar Jaipur RJ |
067526 |
Company |
|
|
|
302004 IN |
25/12/2019 |
|
|
|
|
INNOVANA INFRASTRUCTURE LIMITED |
U72100RJ2020PLC |
Subsidiary |
100 |
2 (87) (ii) |
03 |
|
068098 |
Company |
|
|
|
1- Kha 18 Jawahar Nagar Jaipur RJ |
04/02/2020 |
|
|
|
|
302004 IN |
|
|
|
|
|
INNOVANA GAMES STUDIO LIMITED |
U72900RJ2020PLC |
Subsidiary |
100 |
2 (87) (ii) |
04 |
1-Kha-17 Jawahar Nagar Jaipur RJ |
069653 |
Company |
|
|
|
302004 IN |
17/07/2020 |
|
|
|
|
INNOVANA ASTRO SERVICES |
U93090RJ2020PLC |
Subsidiary |
100 |
2 (87) (ii) |
05 |
LIMITED |
069579 |
Company |
|
|
|
1-Kha -18 Jawahar Nagar Jaipur RJ |
15/07/2020 |
|
|
|
|
302004 IN |
|
|
|
|
06 |
I SOLVE SOFTWARE SERVICES |
U74999RJ2021PLC |
Subsidiary |
100 |
2 (87) (ii) |
|
LIMITED |
076947 |
Company |
|
|
|
Plot No. D-41, Patrakar Colony, |
|
|
|
|
|
Near Jawahar Nagar Dungri Vistar |
12/09/2021 |
|
|
|
|
Yojna Jaipur RJ 302004 IN |
|
|
|
|
07 |
LAXO MEDICARE PRIVATE LIMITED |
U74900RJ2018PTC |
Associate |
35 |
2 (6) |
|
First Floor, Plot No. 87, Tagor Nagar |
061030 |
Company |
|
|
|
Ajmer Road Jaipur Rj 302015 IN |
|
|
|
|
|
|
25/04/2018 |
|
|
|
08 |
BIZ 365 TECH PRIVATE LIMITED |
U72900RJ2021PTC |
Associate |
27.08 |
2 (6) |
|
828, FRONTIER COLONY, ADARSH |
078358 |
Company |
|
|
|
NAGAR NA Jaipur RJ 302004 IN |
26/11/2021 |
|
|
|
RELATED PARTY TRANSACTIONS
During the financial year 2022-23, the Company entered into
transactions with related parties defined under section 2(76) of the Companies Act, 2013
read with Companies (Specification of Definition Details) Rules, 2014, all of which were
in the ordinary course of business and on arm's length basis also in accordance with
the provisions of the Companies Act, 2013 read with the Rules issued there under and the
Listing Regulations. All the transactions with the related parties were reviewed and
approved by the Audit Committee and are in accordance with the Policy on Related Party
Transactions annexed in Annexure E AOC -2.
PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS
The particulars of Loans & guarantees given, investments made and
securities provided covered under Section 186 of the Companies Act, 2013 forms part of the
notes to the financial statements provided in the Annual Report. Details annexure in
Annexure F.
CORPORATE SOCIAL RESPONSIBILITY
The brief outline of the Corporate Social Responsibility (CSR) Policy
of the Company and the initiatives undertaken by the Company on CSR activities during the
year and the Annual Report on CSR Activities are set out in the Annexure G of this Report.
WHISTLE BLOWER POLICY/ VIGIL MECHANISM:
The company has framed a Whistle Blower Policy/ Vigil Mechanism
providing a mechanism under which an employee/ director of the company may report a
violation of personnel policies of the company, unethical behavior, suspected or actual
fraud or violation of the code of conduct. The vigil Mechanism ensures standards of
professionalism, honesty, integrity and ethical behavior. The Whistle Blower Policy/ Vigil
Mechanism is uploaded on the Company's website: www.innovanathinklabs.com. DISCLOSURE
UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, AND REDRESSAL) ACT, 2013 In
accordance with the provision of the Sexual Harassment of Women at the Workplace
(prevention, prohibition and Redressed) Act, 2013 internal complaints committee (ICC) has
been set up to redress complaints. However, ICC has not received any complaint during the
year.
1 |
No. of complaints received in the year |
Nil |
2 |
No of complaints were disposed off in the
year |
Nil |
3 |
Cases pending for more than 90 days |
N/A |
4 |
No workshops and awareness programs were
conducted in the year |
1 |
5 |
Nature of action by the employer or
District officer, if any |
N/A |
CORPORATE GOVERNANCE
The Equity Shares of the Company get listed on the SME platform
(NSE-emerge) of NSE after the closure of the financial year. Further regulation 27 of SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 relating to Corporate
Governance is not applicable to the Company listed on the SME platform (NSE- emerge) of
NSE. Hence the Company is not required to disclose information as covered under Para (C),
(D) and(E) of Schedule V of SEBI (Listing Obligations and Disclosure Requirements),
Regulations, 2015. MAINTENANCE OF COST RECORDS
Pursuant to the provisions of Section 148 of the Companies Act, 2013
read with the Companies (Cost Records and
Audit) Rules, 2014, as amended from time to time, the Company is not
required to maintain Cost Records under said Rules.
DISCLOSURE OF ORDERS PASSED BY THE REGULATORS OR COURT OR TRIBUNAL
No order has been passed by any Regulator Court or Tribunal which can
have an impact on the going concern status and the operations of the Company the in
future. LISTING FEES
The Company affirms that the annual listing fees for the year 2022-23
to the National Stock Exchange of India Limited (NSE) have been duly paid. ACKNOWLEDGEMENT
The Directors of the Company wish to express their grateful experience
to the continued cooperation received from the Banks, Government Authorities, Customers,
Vendors and Shareholders during the year under review. Your directors also sincerely
acknowledge the significant contribution made by all the employees through their dedicated
service to the Company. Your directors look forward to their continued support.
Date: 05/09/2023 |
For and on behalf of the Board
of Directors |
Place: JAIPUR |
FOR INNOVANA THINKLABS LIMITED |
Registered office: |
CHANDAN GARG |
KAPIL GARG |
Plot No. D-41, Patrakar Colony, |
Managing Director |
Whole Time Director |
Near Jawahar Nagar Moti Dungri Vistar
Yojna, |
DIN: 06422150 |
DIN: 07143551 |
Raja Park-302004, Jaipur, Rajasthan |
|
|
|