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RANGSUTRA CRAFTS INDIA LIMITEDANNUAL REPORT 2016-17

RANGSUTRA CRAFTS INDIA LIMITED ANNUAL REPORT 2016-17

CORPORATE INFORMATIONBOARD OF DIRECTORSMs. Sumita Ghose - Managing DirectorMr. Ramesh Saran - DirectorMr. Rewata Ram Panwar - DirectorMs. PushpaPurohit - DirectorMs. Petronella Celestine Tacoma - DirectorMr. Vivek Rishi - Nominee Director (on behalf of Fabindia Overseas Pvt. Ltd.)

CHIEF FINANCIAL OFFICERMr. Rahul John Noble Singh

CHIEF EXECUTIVE OFFICERMr. Shivam Nathan

STATUTORY AUDITORSDaiya Tiwari & SoniChartered AccountantsNear Punjab Tent HouseRani Bazar, Bikaner-334001Rajasthan

STAKEHOLDERS RELATIONSHIP COMMITTEEMr. Ramesh Saran - ChairpersonMr. Om Prakash - MemberMr. Isharam- MemberMr. Samu Bai - MemberMr. Hasan Ali Rangrez - Member Ms. Pappu Devi - Member

REGISTERED OFFICEA-39, Karni Nagar, Lalgarh, Bikaner -334001, Rajasthan Tel.: [email protected]

CORPORATE IDENTITY NO. (CIN) :U52511RJ2006PLC026497

RANGSUTRA CRAFTS INDIA LIMITED ANNUAL REPORT 2016-17

CONTENTS

Message to ShareholdersthNotice of 11 Annual General Meeting

Directors' ReportAnnexures to the Directors' Report

FINANCIAL STATEMENTSIndependent Auditors' ReportBalance SheetStatement of Profit and LossCash Flow StatementNotes Forming Part of the Financial Statements

SHAREHOLDERS INFORMATIONNomination FormCancellation or Variation of NominationProxy FormAttendance SlipConsent for Receiving Documents in Electronic ModeForm for updation of Members DetailsRoute Map for Venue of 11th AGM

1-67-2324-3031-40

41-4748495051-66

67-686970-7172737374

ANNUAL REPORT 2016-17RANGSUTRA CRAFTS INDIA LIMITED 01

Respected Shareholders

I am happy to present the Annual Report of Rangsutra Crafts India for FY 2016-17.

11 years ago, one thousand artisans from Western Rajasthan invested their skills, savings and passion to start rangSutra. Over the years our work has grown. We have built partnerships with over 2000 artisans in villages of Rajasthan, Uttar Pradesh, Manipur and West Bengal, and in the market with large retailers Fabindia and IKEA, both are pioneers in their field.

Today, we are happy to announce that our products are reaching customers directly through ouronline [email protected]. The first range launched online – Be the Change- is a collection of garments saris and accessories that brings together art craft and design in a subtle synergy. For the first time, weavers from Barmer wove saris – inspired by the traditional Pattu of western Rajasthan.The garments products were also crafted in Barmer, a district we worked intensively in this past year. Beautiful appliqué crafted with care and pit loom woven, serenely stylishgarments

Craft Clusters:

Our newest project in Rajasthan is our first association with the Asian Development Bank and the Rajasthan Renewable Energy Corporation Limited. Working with communities who live in the vicinity of Asia's largest Solar Power Park coming up in Bhadla, Bap Tehsil, Jodhpur district, has been exciting albeit challenging.

rangSutra has reached 150 women through Skill Upgradation training workshops as well as product development workshops. The women in Bhadla are skilled in the art of joining bits and pieces of small geometrical fabric pieces to create a big piece of quilted textile, called 'ralli' commonly used as a throw. They had never produced for the urban market nor have they interacted with people from outside. It has been a completely new experience for them to make rallis as per other's instructions during the skill developments workshops. We at rangSutra are excited about this new craft and are experimenting with all sorts of product possibilities for this cluster. Who knows, by the end of the challenges we face at Bhadla, this might be our new show stopper craft skill!

The women from Bhadla are first generation income earners within their households and the community. Today with rangSutra's engagement in the community led development process, the women are stepping up and breaking the stereotypes related to women's work in the market and transforming their art and hobby into making products for commerce, in order to earn an income. The process has given women a chance to experiment with their craft and to have more of a say in their lives.

Karimat, artisan, farmer and craft manager from Mangan Khan Ki Dhaani, Bhadla, says “with the help of rangSutra I realised that I have the skills and the potential to lead the women in my village towards a newer age marked with empowered women and equal participation in economic activities.”

rangSutra has also started a partnership with RAJEEVIKA (Rajasthan Rural Livelihoods Mission) to work for the economic development and empowerment of tie dye artisans in Churu district of Rajasthan. The artisans are very skilled and they have been organized into a Producer Company.


rangSutra's role is to innovate, with the craft and the product, as well as to inspire and enable artisans to transform themselves from women just limited to tying fabric given to them by middle men, to become leaders, owners and managers of a viable sustainable craft enterprise.

New Product Development – through Co Creation:

Co- creation as a concept has been the core of design development in rangSutra and as a whole in the craft sector. While every crafts community has the inherent knowledge and skill to make beautiful textiles/products, our role as an organisation working with both producers and buyers is to strike balance between the requirement of the urban/ export market and the inherent skills of the community. While this seems to be the ideal way of functioning, as a designer in this sector, it can get pretty challenging to strike this balance. One is perpetually drawn between the two contrasting worlds to create something worthwhile. The past year has been eventful in many ways. As one of our designers puts it “When I first reached Dhanau in June last year only with an idea and a Baradi sample, leave alone production, even sampling a saree seemed like a long haul. From convincing weavers to work with 2/100s yarn to finally producing a few sarees, the journey has been challenging yet fulfilling. This experience made me realise the potential of the new age weavers to be part of a change for sustaining their skills in the future.”

The Challenge of Manufacturing in remote regions:

The richness of our textile crafts also means that the process of production is a long challenging one. And working in a new far away cluster is especially challenging as we experienced with our work in Manipur. Right from presenting a new cluster/ technique to the buyer for an order and then ensuring that the production end is strong enough and in place to pull it through has been a challenge.

Yarn calculation, sourcing, spelling out technical details for the group to follow to achieve uniformity and desired quality, pre-production approval, production right up to delivery – Any new cluster requires hand holding to become confident and step up to becoming a viable and sustainable venture

A review of our Balance Sheet :

nd Last year was a mixed year. Sales were Rs. 9.3 Crores; nearly double the previous year's sales and our 2 best ever year. However, despite good sales we were unable to make a profit and in fact made a small loss of Rs. 7 Lacs (PAT) was incurred. The reasons for this loss despite good sales were due to :

1. High level of operational expenditure Rs. 280 Lacs (which is 30% of sales). This on the one hand represents an investment in human resources and also physical spaces, resources, and equipment,all much needed to improve the quality of our products and increase capacity. But it is also a risk. This level of OPEX (operational expenditure) is not sustainable at current levels of sales. We need to be achieving at least Rs. 12 Crores– Rs. 13 Crores in order to make good profits. If sales are not achieved we will have to find ways to reduce this OPEX cost.

2. Our Gross Profit Margins have been squeezed by penalties due to delays & product rejections.3. Due to increased requirement for working capital our interest cost has almost doubled from the

previous year i.e. Rs. 16 Lacs to Rs. 30 Lacs. We have borrowed more money to finance the business. But unfortunately this money has mainly got tied up in stock. Thus even with significant increase in borrowings, we still struggle to pay suppliers and artisans on time.


FY 17/18 Looking ahead :

While our high OPEX was a weakness for last year, it can be an opportunity for 2017 – 2018. We can increase sales significantly, upto 50%, and be profitable with the same OPEX. We have good Orders in hand, new Projects in the pipeline for development of new clusters, and hopefully increasing Sales from Retail.

Let us take a pledge together that in the year ahead we will put in our best efforts to complete orders on time, and in the quality required by customers. And to keep alive inspiration,our ability to innovate and create new products, reach out to new customers, and improve the way we work, keeping people at the centre in all our endeavours.

Yours sincerely Sd/-Sumita GhoseManaging Director


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NOTICENOTICE is hereby given that the Eleventh Annual General Meeting of the Members of Rangsutra Crafts India Limited will

thbe held on Saturday, the 16 Day of September, 2017 at 11:00 A.M. at Plot No. 118, Near PHed Water Tank, Rani BazarIndustrial Area, Bikaner-334001, Rajasthan to transact the following business :

ORDINARY BUSINESS :

st1. To receive, consider and adopt the Financial Statements of the Company for the year ended 31 March, st2017 including Audited Balance Sheet as at 31 March, 2017, Statement of Profit and Loss and Cash Flow

Statements for the year ended on that date and the report of the Board of Directors and the Auditors thereon.

2. To appoint a Director in place of Ms. Petronella Celestine Tacoma (DIN: 05216821), who retires by rotation and beingeligible, offers herself for re-appointment

3. To consider and, if thought fit, to pass with or without modification(s), the following resolution as anOrdinary Resolution:

“RESOLVED THAT pursuant to the provisions of Section 139, 142 and other applicable provisions, if any of the Companies Act, 2013 read with Rules made there under and pursuant to the resolution passed by the members

th at the Eighth Annual General Meeting held on 29 September, 2014, the appointment of M/s. Daiya Tiwari & Soni, Chartered Accountants (Firm Registration No. 004268C) the Statutory Auditors of the Company to hold office till the conclusion of Thirteenth Annual General Meeting be and is hereby ratified by the members of the Company for the financial year 2017-18 at such remuneration as may be determined by the Board of Directors in consultation with the Auditors.”

SPECIAL BUSINESS :

4. To consider and, if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution:

“RESOLVED THAT pursuant to the provisions of Section 14 and all other applicable provisions of the Companies Act, 2013 [including any statutory modification (s) or re-enactment thereof, for the time being in force], the Articles of Association of the Company be altered in the manner and to the extent given hereunder:

That after Article 20, the following Article 20 (A) be inserted :

DEMATERIALISATION OF SECURITIES

20 (A). Notwithstanding anything contained in these Articles, the Company shall be entitled to dematerialize its shares,debentures and other securities and also re-materialize its shares, debentures and other securities and/or offersecurities for subscription in a dematerialized form pursuant to the Depositories Act, 1996 and the rules framedthere under

I. a) Every person subscribing to or holding Securities of the Company shall have the option to receive securitycertificates or to hold the same with a Depository. Such a person who is the Beneficial Owner of the securities canat any time opt out of the Depository, if permitted by the law, in respect of any security in the manner provided by the


Depositories Act, 1996 and the Company shall in the manner and within the time prescribed therein, issue to thebeneficial owner the required certificates of Securities.

b) If a person opts to hold his Security with a Depository, the Company shall intimate such Depository the details of allotment of security, and on receipt of the information, the Depository shall enter in its record the name of the allottee as the beneficial owner of the security.

c) The Board of Directors of the Company shall have the power to fix a fee payable by the investor to the Company for the services of dematerializing and/or rematerializing the Company's Securities as they in their discretion may determine.

II. All the Securities held by a Depository shall be dematerialized and be in fungible form.

III. a) Notwithstanding anything to the contrary contained in these Articles, a Depository shall be deemed to be theregistered owner for the purposes of effecting transfer of ownership of securities on behalf of the beneficialowner.

b) Save as otherwise provided in (a) above, the Depository as the registered owner of the securities shall nothave any voting rights or any other rights in respect of the securities held by it.

c) Every person holding securities of the Company and whose name is entered as the Beneficial Owner in therecords of the Depository shall be deemed to be a Member of the Company

d) The Beneficial Owner of securities shall be entitled to all the rights and benefits and be subject to all theliabilities of a member in respect of his securities, which are held by a Depository.

IV. Notwithstanding anything contained in the Act and these Articles to the contrary, where Securities are held in aDepository, the records of the Beneficial Ownership may be served by such Depository on the Company bymeans of electronic mode or by delivery of floppies or discs or in such other manner as may be practicable.

V. Nothing contained in the said Act or these Articles regarding the necessity of having distinctive numbers forsecurities issued by the Company shall apply to the securities held with a Depository.

VI. The Register and index of Beneficial Owners maintained by a Depository under the Depositories Act, 1996,shall be deemed to be the Register and index of Members and Security holders as the case may be for thepurposes of these Articles.

RESOLVED FURTHER THAT the Board of Directors of the Company be and is hereby authorized to do all acts and takeall such steps as may be necessary, proper or expedient to give effect to this resolution.”

By Order of the Board of DirectorsFor Rangsutra Crafts India Limited

Sd/-Sumita GhoseChairperson and Managing DirectorDIN: 01016426

Place: New Delhi R/o.: C-901, Surya Vihar, Dundahera, thDate: 24 June 2017 Gurgaon-122016, Haryana


Notes:

1. A member entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy to attendand vote instead of himself/herself and the proxy need not be a member of the company.

2. The instrument appointing the proxy, in order to be effective, must be deposited at the Company's Registered Office, duly completed and signed, not less than forty-eight hours before the commencement of the meeting. Proxies submitted on behalf of companies/body corporates, societies, etc., must be supported by appropriate resolutions/authority, as applicable. A person can act as proxy on behalf of Members not exceeding fifty (50) and holding in the aggregate not more than 10% of the total share capital of the Company carrying voting rights. In case a proxy is proposed to be appointed by a Member holding more than 10% of the total share capital of the Company carrying voting rights, then such proxy shall not act as a proxy for any other person or shareholder.

3. Corporate Members intending to send their authorized representatives to attend the Meeting are requested to send acopy of the Board Resolution authorizing their representative to attend & vote on their behalf at the Meeting.

4. The Explanatory Statement pursuant to Section 102 of the Companies Act, 2013 which sets out details relating toSpecial Business at the meeting, is annexed there to.

5. Members/ Proxies are requested to fill-in and sign the attendance slip and hand it over at the entrance of the venue.

6. As a measure of economy, members are requested to bring their copy of the Annual Report to the meeting.

7. Relevant documents referred to in the accompanying notice are available for inspection at the registered office of theCompany during working hours between 09:00 A.M. to 06:00 P.M. except holidays upto the date of Annual GeneralMeeting.

8. In case of joint holders attending the Meeting, only such joint holder who is higher in the order of name will be entitled to vote.

9. As per the provisions of Section 72 of the Companies Act, 2013 ('the Act'), the facility of making nomination is availablefor the Members in respect of the shares held by them. Members holding shares in single name & in physical form areadvised to make Nomination in respect of their shareholding in the Company. Interested Members are requested tosend the Nomination Form annexed with the Annual Report duly filed in with complete details to Mr. Om Prakash Sahuat A-39, Karni Nagar, Bikaner (Rajasthan) - 334001.

10. Members are requested to note that as per Section 124 and 125 of the Companies Act, 2013, dividends notencashed/claimed within seven years from the date of declaration will be transferred to the Investor Education andProtection Fund (IEPF). After transfer of the said amount to IEPF, no claims in this respect shall lie against IEPF or theCompany. The Company had, accordingly, transferred Rs. 21,250/- being the unpaid and unclaimed dividend amountpertaining to Final Dividend 2008-09 to the IEPF.


The Company has been sending reminders to those members having unpaid/unclaimed dividends before transfer of such dividend(s) to IEPF. Details of the unpaid/unclaimed dividend are also uploaded as per the requirements, on theCompany's website www.rangsutra.com. Members, who have not encashed their dividend, are advised to write to the Company immediately claiming dividends declared by the Company.

Members wishing to claim dividends, which remain unclaimed, are requested to correspond with Mr. Om PrakashSahu, Finance Manager at A-39, Karni Nagar, Lalgarh, Bikaner (Rajasthan)-334001.

11. Pursuant to the provisions of the Companies Act, 2013, the Company has uploaded the details of unpaid andthunclaimed amounts lying with the Company as on 17 September 2016 (date of last Annual General Meeting) on

website of the Company i.e. www.rangsutra.com.

12. To support the 'Green Initiative', the Members who have not registered their e-mail addresses are requested to register the same at which they would like to receive Notice/ Annual Reports electronically to Mr. Om Prakash Sahu at A-39, Karni Nagar,Lalgarh, Bikaner (Rajasthan) - 334001.

th13. The Route Map showing directions to reach to the venue of the 11 Annual General Meeting is annexed.

14. Voting through electronic means

I. In compliance with provisions of Section 108 of the Companies Act, 2013, Rule 20 of the Companies(Management and Administration) Rules, 2014 as amended by the Companies (Management andAdministration) Amendment Rules, 2015, the Company is pleased to provide members facility to exercisetheir right to vote on resolutions proposed to be considered at the Annual General Meeting (AGM) byelectronic means and the business may be transacted through e-Voting Services. The facility of castingthe votes by the members using an electronic voting system from a place other than venue of the AGM(“remote e-voting”) will be provided by National Securities Depository Limited (NSDL).

II. The facility for voting through ballot paper shall be made available at the AGM and the membersattending the meeting who have not cast their vote by remote e-voting shall be able to exercise their rightat the meeting through ballot paper.

III. The members who have cast their vote by remote e-voting prior to the AGM may also attend the AGM butshall not be entitled to cast their vote again.

th th IV. The remote e-voting period commences on 13 September, 2017 (9:00 AM) and ends on 15 September,2017 (5:00 PM). During this period members' of the Company, holding shares in physical form

th as on the cut-off date of 9 September, 2017, may cast their vote by remote e-voting.The remote e-voting module shall be disabled by NSDL for voting thereafter. Once the vote on aresolution is cast by the member, the member shall not be allowed to change it subsequently.

V. The process and manner for remote e-voting are as under:


A. In case a Member receives an email from NSDL (for members whose email IDs are registered with theCompany) :

(i) Open email and open PDF file viz; “remote e-voting.pdf” with your Folio No. as password. The saidPDF file contains your user ID and password/PIN for remote e-voting. Please note that the password is an initial password.

(ii) Launch internet browser by typing the following URL:

(iii) Click on Shareholder - Login

(iv) Put your user ID and password. Click Login.

(v) Password change menu appears. Change the password/PIN with new password of your choice withminimum 8 digits/characters or combination thereof. Note new password. It is strongly recommendednot to share your password with any other person and take utmost care to keep your passwordconfidential.

(vi) Home page of remote e-voting opens. Click on remote e-voting: Active Voting Cycles.

(vii) Select “EVEN” of “Rangsutra Crafts India Limited”.

(viii) Now you are ready for remote e-voting as Cast Vote page opens.

(ix) Cast your vote by selecting appropriate option and click on “Submit” and also “Confirm” whenprompted.

(x) Upon confirmation, the message “Vote cast successfully” will be displayed.

(xi) Once you have voted on the resolution, you will not be allowed to modify your vote.

(xii) Institutional shareholders (i.e. other than individuals, HUF, NRI etc.) are required to send scannedcopy (PDF/JPG Format) of the relevant Board Resolution/ Authority letter etc. together with attestedspecimen signature of the duly authorized signatory(ies) who are authorized to vote, to theScrutinizer through e-mail to [email protected] with a copy marked to

https://www.evoting.nsdl.com/

[email protected]

https://www.evoting.nsdl.com/

mailto:[email protected]


B. In case a Member receives physical copy of the Notice of AGM (for members whose email IDs are not registered with the Company or requesting physical copy) :

(i) Initial password is provided on the Attendance Slip for the AGM:

(ii) Please follow all steps from Sl. No. (ii) to Sl. No. (xii) above, to cast vote.

VI. In case of any queries, you may refer the Frequently Asked Questions (FAQs) for Members and remotee-voting user manual for Members available at the downloads section of or call ontoll free no.: 1800-222-990.

VII. If you are already registered with NSDL for remote e-voting then you can use your existing user ID andpassword/PIN for casting your vote.

NOTE

a) Shareholders who forgot the User Details/Password can use “ ” or “ ” option available on .

b) Shareholders are holding shares in physicalmode; USER-ID is the combination of (Even No+Folio No).

VIII. You can also update your mobile number and e-mail id in the user profile details of the folio which may be used for sending future communication(s).

IX. The voting rights of members shall be in proportion to their shares of the paid up equity share capital of theth Company as on the cut-off date of 9 September, 2017.

X. Any person, who acquires shares of the Company and become member of the Company after dispatch of thethnotice and holding shares as of the cut-off date i.e. 9 September, 2017, may obtain the login ID and password

by sending a request at or [email protected].

However, if you are already registered with NSDL for remote e-voting then you can use your existing user ID and password for casting your vote. If you forgot your password, you can reset your password by using “ ” or “ ” option available on

or contact NSDL at the following toll free no.: 1800-222-990.

XI. A member may participate in the AGM even after exercising his right to vote through remote e-voting but shall not be allowed to vote again at the AGM.

www.evoting.nsdl.com

Forgot User Details/Password?Physical User Reset Password? www.evoting.nsdl.com

[email protected]

Forgot User Details/Password? Physical User Reset Password?www.evoting.nsdl.com

EVEN (Remote e-voting EventNumber) USER ID PASSWORD/PIN

http://www.evoting.nsdl.com

https://www.evoting.nsdl.com/eVotingWeb/commonhtmls/NewUser.jsp

https://www.evoting.nsdl.com/eVotingWeb/commonhtmls/PhysicalUser.jsp


mailto:[email protected]

https://www.evoting.nsdl.com/eVotingWeb/commonhtmls/NewUser.jsp

https://www.evoting.nsdl.com/eVotingWeb/commonhtmls/PhysicalUser.jsp



XII. A person, whose name is recorded in the register of members or in the register of beneficial ownersmaintained by the depositories as on the cut-off date only shall be entitled to avail the facility of remotee-voting as well as voting at the AGM through ballot paper.

XIII. Mr. Arun Kumar Gupta, Practicing Company Secretary (Membership No. 5551) has been appointed for as the Scrutinizer for providing facility to the members of the Company to scrutinize the voting and remote e-voting process in a fair and transparent manner.

XIV. The Chairperson shall, at the AGM, at the end of discussion on the resolutions on which voting is to be held, allow voting with the assistance of scrutinizer, by use of “Ballot Paper” or “Poling Paper” for all those members who are present at the AGMbut have not cast their votes by availing the remote e-voting facility.

XV. The Scrutinizer shall after the conclusion of voting at the general meeting, will first count the votes cast at themeeting and thereafter unblock the votes cast through remote e-voting in the presence of at least twowitnesses not in the employment of the Company and shall make, not later than three days of the conclusionof the AGM, a consolidated scrutinizer's report of the total votes cast in favour or against, if any, to theChairperson or a person authorized by him in writing, who shall countersign the same and declare the result of the voting forthwith.

XVI. The Results declared alongwith the report of the Scrutinizer shall be placed on the website of the Company and on the website of NSDL immediately after the declaration of result by the Chairperson or a person authorized by him in writing.


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vuqPNsn 20 ds ckn] fuEufyf[kr vuqPNsn 20 ¼,½ esa lekfgr fd;k x;k gSA


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20¼,½ bu vuqPNsnksa es fufgr dqN gksrs gq, dEiuh vius 'ks;j] _.kiz=] vkSj vU; izfrHkwfr;ks djsfMeSVªhykbts'ku djus ds fy, vkSj vius 'ks;j] _.kiz= vkSj vU; izfrHkwfr;ks dks fQj lsvey esa ykuk vkSj @;k fMikWftVjh ,DV 1996 ds vuq:Ik ,d vewrZ :Ik esas lnL;rk dsfy, izfrHkwfr;ks dh is'kd'k ds fy, gdnkj gksxk vkSj ;g :u fuUe izdkj rS;kj fd;s gSA

1. v½ dEiuh dh izfrHkwfr;ks dh lnL;rk ysus ;k j[kus okys izR;sd O;fDr dks izfrHkwfr izek.k i= izkIrdjus ;k fMikst~Vjh ds lkFk j[kus dk fodYi gksxkA ,sls O;fDr tks izfrHkwfr;ks ds ykHkdkjh Lokeh gS] fdlh Hkh le; fMikWftVjh vf/kfu;e 1996 }kjk iznÙk rjhds ls fdlh Hkh izfrHkwfr dslaca/k esa ]vxj fdlh Hkh le; dkuwu }kjk vuqefr nh tkrh gS rks dEiuh oSls gh vkSj blesafu/kkZfjr le; ds HkhRkj ykHkdkjh ekfyd dks izfrHkwfr ds vko'k;d izek.k i= tkjh djsA

c½ ;fn dksbZ O;fDr viuh izfrHkwfr dks ,d fMikWthVjh ds ikl j[kus dk fodYi pqurk gS rks daiuh,sls fMikWthVjh dks izfrHkwfr ds vkoaVu dk fooj.k vkSj tkudkjh izkIr gksus ij lwfpr djsxhAfMikWthVjh vius fjdkMZ esa izfrHkwfr ykHkdkjh ekfyd dk uke ntZ djsaxkA

l½ daiuh ds funs'kd eaMy dks daiuh dh izfrHkwfr;ksa ds fMeSVªhykbftax vkSj @;k fMeSVªhykbftaxdh lsokvks ds fy, daiuh dks fuos'kd }kjk ns; 'kqYd r; djus dh 'kfDr gksxh D;ksfd os viusfoosdkuqlkj fu/kkZfjr dj ldrs gSA

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5- bl vf/kfu;e esa fufgr dqN Hkh ugh gS ;k daiuh }kjk tkjh dh xbZ izfrHkwfr;ks ds fy,fof'k"V la[;k gksus dh vko';drk ds ckjs esa bu ys[kks dks fMikWftV~jh ds lkFk j[kusokyh izfrHkwfr;ksa ij ykxw gksxkA

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6- vFkZO;OkLFkk ds ,d mik; ds :Ik essa lnL;ks ls vuqjks/k gS fd cSBd esa okf"kZd fjiksVZ dh izfr yk;sA

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10- lnL;ksa dks ;g lwfpr djus ds fy, vuqjks/k fd;k tkrk gS fd daiuh vf/kfu;e 2013 dh /kkjk 124 vkSj125 ds vuqlkj ?kks"k.kk dh rkjh[k ls lkr o"kZ ds Hkhrj nkok ugh fd;s x;k ykaHkka'k fuos'kd f'k{kk vkSjlaj{k.k fuf/k ¼vkbZbZih,Q½ dks LFkkukarfjr dj fn;k tk,xkA mDr jkf'k dks vkkbZbZih,Q dks gLrkarj.kds ckn dksbZ nkok daiuh ;k vkbZbZih,Q ds f[kykQ ugh fd;k tk,xkA daiuh ds ikl rnuqlkj2008&09 ls lacaf/kr vafre ykHkka'k jkf'k 21]250@& Hkqxrku u fd;s x;s vkSj nkok ugh fd xbZ jkf'kvkbZbZ,Q esa LFkkukarfjr djus ds fy, j[krh gSA

bl rjg ds ykHkka'k dks vkbZbZih,Q dks gLrkarfjr djus ls igys daiuh fcuk Hkqxrku@nkok ugh fd xbZykHkka'k jkf'k okys lnL;ks dks Lej.k i= Hkst jgh gSA daiuh dh osclkbZV www.rangsutra.comij vko';drk vuqlkj Hkqxrku u fd;s x;s @ nkoks ugh fd; x;s ykHkka'k dk viyksM fd;k x;k gSaAftu lnL;ksa us vius ykHkka'k Hkquk;k ugh gS mUgs daiuh daiuh }kjk rqjar ?kksf"kr ykaHkk'k dk nkok djus dsfy, daiuh dks fy[kus dh lykg nh tkrh gSA

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ANNEXURE TO THE NOTICEEXPLANATORY STATEMENT IN RESPECT OF SPECIAL BUSINESS

(PURSUANT TO SECTION 102 OF THE COMPANIES ACT, 2013)

The following Explanatory Statement pursuant to Section 102 of the Companies Act, 2013 sets out all material factsrelating to special business mentioned in the accompanying Notice and should be taken as forming part of the Notice.

ITEM NO. 4

The Company proposed to provide an option to all the members to hold, purchase, sell or transfer shares in electronic form i.e. Dematerialized form. The Demat facility will benefit both the Company and the members as there will be a reduction inpaper work. The Articles of Association of the Company have to be altered in order to incorporate thedematerialization provisions. The consent of the members by way of special resolution is required for aforementionedalteration.

None of the Directors, Key Managerial Personnel and their relatives are in any way concerned or interested in the said resolution.

The Directors recommend the aforesaid resolution for the approval by the Members as a Special Resolution.

By Order of the Board of DirectorsFor Rangsutra Crafts India Limited

Sd/-Sumita GhoseChairperson and Managing DirectorDIN: 01016426



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BOARD’S REPORT

To the Members,

Your Directors have pleasure in submitting their Eleventh Annual Report of the Company together with the AuditedstFinancial Statements for the year ended 31 March, 2017.

1. FINANCIAL RESULTS

The Company's financial performance for the year under review along with previous year figures is given hereunder :

2. STATE OF COMPANY'S AFFAIRS

stDuring the year ended on 31 March, 2017, the Company has incurred a loss of Rs. 7,05,700/- (Rupees SevenLakhs Five Thousand Seven Hundred only) as against the Loss of Rs. 74,22,540/- (Rupees Seventy Four LakhsTwenty Two Thousand Five Hundred Forty only) for the corresponding previous year.

3. CHANGE IN NATURE OF BUSINESS

During the year under review, there is no change in the nature of business of the Company.

4. DIVIDEND

st The Board of Directors does not recommend dividend for the year ended 31 March, 2017 due to losses in theCompany.

8,95,75,652.0937,83,174.0042,81,862.44

9,76,40,688.5329,46,086.2229,28,964.90

9,33,794.00(9,16,672.68)

––

(2,10,973.00)(7,05,699.68)

––

(7,05,699.68)–

(13,57,644.31)(11.15)(11.15)

4,99,00,781.526,51,465.00

20,20,837.925,25,73,084.44(54,21,169.69)

15,85,146.646,02,349.31

(76,08,665.64)

––

(1,86,126.00)(74,22,539.64)

––

(74,22,539.64)–

(6,51,944.63)(117.23)(117.23)

For the Year endedst31 March, 2016

For the Year endedst31 March, 2017

(In Rupees)

Particulars

Net SalesOther Operating RevenuesOther IncomeTotal IncomeProfit/(Loss) before Interest and DepreciationLess: InterestLess :DepreciationProfit/(Loss) after Interest and DepreciationLess: Tax Expensesi) Current Income Taxii)Previous Year adjustment of Income Taxiii)Deferred TaxNet Profit after TaxProposed DividendCorporate Tax on Proposed DividendNet Profit after Dividend and TaxAmount transferred to General ReserveBalance carried to Balance SheetEarnings per share (Basic)Earnings per share (Diluted)


5. SHARE CAPITAL

Authorised Share Capital

stAs on 31 March 2017, the Authorized Share Capital of the Company stands at Rs. 1,10,00,000/- (Rupees One Crore Ten Lakhs only) divided into 1,10,000 (One Lakh Ten Thousand only) Equity Shares of Rs. 100/- (Rupees One Hundred only) each. During the year under review, there was no change in the Authorised Share Capital of the Company.

Paid up Share Capital

stThe Paid up Equity Share Capital of the Company as on 31 March 2017 stands at Rs. 63,31,800/- (Rupees Sixty Three Lakhs Thirty One Thousand Eight Hundred only) divided into 63,318 (Sixty Three Thousand Three Hundred Eighteen only) Equity Shares of Rs. 100/- (Rupees One Hundred only) each. During the year under review, the Company has not issued any shares or any convertible instruments.

6. TRANSFER TO RESERVES

The Company has not transferred any amount to the Reserves Account during the year under review.

7. MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY OCCURED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THIS FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT

stNo material changes and commitments affecting the financial position of the Company occurred between 31 March 2017 and the date of writing this report.

8. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

The particulars as prescribed under the provisions of the Companies Act, 2013 read with Rules framed there under, are set out herein below :

A. CONSERVATION OF ENERGY

Your Company is engaged in contract manufacturing and trading activity. As the Company has not undertaken manufacturing activity directly, the disclosure under the applicable rules is not required to be provided. However, your Company has generally taken all reasonable efforts to conserve energy.

B. TECHNOLOGY ABSORPTION

The Company has not imported any technology and hence, the requirement of technology absorption is not applicable.


C. FOREIGN EXCHANGE EARNINGS AND OUTGO

The Foreign Exchange earnings and outgo are Nil.

9. INVESTOR EDUCATION PROTECTION FUND (IEPF)

Pursuant to applicable provisions of the Companies Act, 2013 read with the IEPF Authority (Accounting, Audit,Transfer and Refund) Rules, 2016 ('the Rules'), all unpaid or unclaimed dividends are required to be transferred bythe Company to the IEPF established by the Central Government, after the completion of seven years. Further,according to the Rules, the shares in respect of which dividend has not been paid or claimed by the shareholders forseven consecutive years or more shall also be transferred to the demat account created by the IEPF Authority.

Accordingly, the Company has transferred the unclaimed and unpaid dividends. Further, as per the requirements ofthe IEPF Rules, the Company had issued notices to all those shareholders whose shares are liable to be transferredto IEPF under the said Rules and also published advertisement in newspaper. Consequent upon the issuance ofsaid notices and publishing newspaper advertisement, the shareholders were identified and hence correspondingshares will not be transferred to IEPF.

10. STATEMENT CONCERNING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY OFTHE COMPANY

This system is implemented as an integral part of our business through protocols and operations manual whichincludes recording, monitoring and controlling internal enterprise business risks and addressing them throughinformed and objective strategies.

11. DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIALRESPONSIBILTY INITITATIVES

The Company has not developed and implemented any Corporate Social Responsibility initiatives as the saidprovisions are not applicable.

12. PARTICULARS OF LOANS, GUARANTEE OR INVESTMENTS MADE UNDER SECTION 186 OF THECOMPANIES ACT, 2013

During the financial year 2016-17, the Company had not given/made any loans, guarantees or investments coveredunder the provisions of Section 186 of the Companies Act, 2013.

13. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

Pursuant to the sub-section (1) of Section 188 read with Rule 8(2) of the Companies (Accounts) Rules, 2014, theparticulars of the transactions with related parties is furnished in Annexure-I (Form No. AOC-2) and it is attached tothis report. Transactions with related parties are disclosed in Note 24 to the Financial Statements.

14. AUDITOR'S REPORT

The Notes to Accounts referred to in the Auditor's Report are self-explanatory and therefore do not call for anyfurther comments.

Pursuant to provisions of section 143(12) of the Companies Act, 2013, the Statutory Auditors have not reportedany incidence of fraud against the Company by officers or employees of the Company during the year underreview.


15. COMPANY'S POLICY RELATING TO DIRECTORS APPOINTMENT, PAYMENT OF REMUNERATION ANDDISCHARGE OF THEIR DUTIES

The provisions of Section 178(1) relating to constitution of Nomination and Remuneration Committee are notapplicable to the Company and hence the Company has not devised any policy relating to appointment of Directors,payment of Managerial remuneration, Directors qualifications, positive attributes, independence of Directors andother related matters as provided under Section 178(3) of the Companies Act, 2013.

16. EXTRACT OF ANNUAL RETURN

The extracts of Annual Return pursuant to the provisions of Section 92 read with Rule 12 of the Companies(Management and Administration) Rules, 2014 is furnished in Annexure-II (Form No. MGT-9) and is attached to thisreport.

17. DIRECTORS

During the year under review, there was no change in the constitution of Board of Directors of the Company.

In accordance with the provisions of the Companies Act, 2013, Ms.Petronella Celestine Tacoma (holding DIN:05216821), Director retires by rotation and being eligible, offers herself for re-appointment.

Mr. Ramesh Saran (holding DIN: 00880855), Ms. Sumita Ghose (holding DIN: 01016426), Mr. Rewata Ram Panwar (holding DIN: 02046175), Ms. Pushpa Purohit (holding DIN: 02262694), Mr. Vivek Rishi (holding DIN: 02970015) and Ms. Petronella Celestine Tacoma (holding DIN: 05216821) constitute the Board of Directors of Company.

18. NUMBER OF BOARD MEETING CONDUCTED DURING THE YEAR UNDER REVIEW

rd th thThe Board met 4 (Four) times during the Financial Year 2016-17 on 23 June 2016, 17 September 2016, 10thNovember 2016 and 7 March 2017.

Details of attendance of Directors at the Board Meetings during the Financial Year 2016-17 are provided herein below:

Ms. Sumita GhoseMs. Petronella Celestine TacomaMs. Pushpa PurohitMr. Ramesh SaranMr. Rewata Ram PanwarMr. Vivek Rishi

Managing DirectorDirectorDirectorDirectorDirectorDirector

444444

422332

Name of Director DesignationNumber of Board

Meetings heldduring the year

Number of BoardMeetings attended


19. DIRECTORS RESPONSIBILITY STATEMENT

In accordance with the provisions of Section 134(5) of the Companies Act, 2013 the Board hereby submits its responsibility Statement:-

(a) in the preparation of the annual accounts, the applicable accounting standards had been followed alongwith proper explanation relating to material departures;

(b) the directors had selected such accounting policies and applied them consistently and made judgements andestimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of thecompany at the end of the financial year and of the profit and loss of the company for that period;

(c) the directors had taken proper and sufficient care for the maintenance of adequate accounting records inaccordance with the provisions of this Act for safeguarding the assets of the company and for preventing anddetecting fraud and other irregularities;

(d) the directors had prepared the annual accounts on a going concern basis;

(e) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws andthat such systems were adequate and operating effectively.

20. COMMITTEES OF THE BOARD

Currently, the Board has in place Stakeholders Relationship Committee ('Committee'). The Committee consists of Mr. Ramesh Saran, Director of the Company as Chairperson of the Committee, Mr. Om Prakash, Mr. Isharam, Mr. Samu Bai, Mr. Hasan Ali Rangrez and Ms. Pappu Devi as Members of the Committee. During the year under review, a

thmeeting of members of Committee was held on 24 March 2017. All the members of the Committee were present at the said meeting.

The committee reviews and ensures redressal of investor grievances and provides continuous guidance to improve the service levels for investors.

21. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

The Company does not have any Subsidiary, Joint Venture or Associate Companies.

22. DEPOSITS

The Company has neither accepted nor renewed any deposits during the year under review.

23. DECLARATION OF INDEPENDENT DIRECTORS

The provisions of Section 149 pertaining to the appointment of Independent Directors do not apply to our Company.


24. ANNUAL EVALUATION

The provisions of Section 134 (3)(p) relating to annual evaluation of Board are not applicable.

25. STATUTORY AUDITORS

M/s. Daiya Tiwari & Soni, (Firm Regn. No. 004268C) Chartered Accountants,were appointed as Statutory Auditors for tha period of 5 years in the Annual General Meeting held on 29 September, 2014. Their continuance of appointment

and payment of remuneration are to be confirmed and approved in the ensuing Annual General Meeting of the Company. The Company has received a certificate from the above Auditors to effect that if they are reappointed, it would be in accordance with the provisions of Section 141 of the Companies Act, 2013.

26. DISCLOSURE OF COMPOSITION OF AUDIT COMMITTEE AND PROVIDING VIGIL MECHANISM

The provisions of Section 177 of the Companies Act, 2013 read with Rule 6 and Rule 7 of the Companies (Meetings of the Board and its Powers) Rules, 2013 are not applicable to the Company.

27. INTERNAL FINANCIAL CONTROLS

The Company has in place adequate internal financial controls with reference to Financial Statements.

28. PARTICULARS OF EMPLOYEES

The particulars of the employees who are covered by the provisions contained in Rule 5(2) and Rule 5(3) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are enclosed herewith as Annexure III:

29. DISCLOSURE UNDER SEXUAL HARASSMENT OF WOMEN AT THE WORKPLACE (PREVENTION,PROHIBITION & REDRESSAL) ACT, 2013

The Company has in place an Anti-Sexual Harassment Policy in line with the requirements of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment. This ensures a free and fair enquiry process with clear timelines.

All employees (permanent, contractual, temporary, trainees) are covered under this policy.

No cases of sexual harassment were reported in the financial year 2016-17.

30. ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS

There were no significant and material orders issued against the Company by any Regulatory Authority, Court or Tribunal affecting the going concern status and Company's operation in future.


31. ACKNOWLEDGEMENTS

Your Directors place on record their sincere thanks to bankers, business associates, consultants and various Government Authorities for their continued support extended to your Companies activities during the year under review. Your Directors also acknowledges gratefully the shareholders for their support and confidence reposed on your Company.

For and On behalf ofRangsutra Crafts India Limited

Sd/-Sumita GhoseChairperson and Managing Director



Form No. AOC-2[Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014]

Form of disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of section 188 of the Companies Act, 2013 including certain arms lengthtransactions under third proviso thereto

1. Details of contracts or arrangements or transactions not at arm's length basis – NOT APPLICABLE

2. Details of material contracts or arrangements or transactions at arm's length basis

Details of material contracts or arrangement or transactions at arm's length basis for the year ended March 31, 2017 are as follows:

Annexure I

Name(s) of the related party and Nature of relationshipNature of contracts/arrangements/ transactionsDuration of contracts/arrangements/ transactionsSalient terms of the contracts or arrangements ortransactions including the value, if any:Justification for entering into such contractsor arrangements or transactionDate(s) of approval by the Board, if any:Amount paid as advances, if any:Date on which the special resolution was passedin general meeting as required under first provisoto section 188 of the Act

–

–––

–

––--

(a)

(b)(c)(d)

(e)

(f)(g)(h)

Name(s) of the related party and Nature of relationship

Nature of contracts/arrangements/ transactionsDuration of contracts/arrangements/ transactionsSalient terms of the contracts or arrangementsor transactions including the value, if any:Date(s) of approval by the Board, if any:Amount paid as advances, if any:

(a)

(b)(c)(d)

(e)(f)

Fabindia Overseas Private Limited (A Director of the Company is themember of related party)Supply of goods or materialsOngoingNot Applicable

Not ApplicableNot Applicable

For and On behalf of the Board of DirectorsRangsutra Crafts India Limited

Sd/-Sumita GhoseChairperson and Managing DirectorDIN: 01016426R/o.: C-901, Surya Vihar, Dundahera,Gurgaon-122016, Haryana

Place: New DelhithDate: 24 June 2017


Form No. MGT - 9EXTRACT OF ANNUAL RETURN

as on Financial Year ended on March 31, 2017Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Company (Management & Administration ) Rules, 2014.

I REGISTRATION & OTHER DETAILS:

II PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

III PARTICULARS OF HOLDING , SUBSIDIARY & ASSOCIATE COMPANIES: NIL

Annexure II

CINRegistration DateName of the CompanyCategory/Sub-category of the CompanyAddress of the Registered office & contact detailsWhether listed companyName , Address & contact details of the Registrar &Transfer Agent, if any.

Iiiiiiivv

vivii

U52511RJ2006PLC02649715th July 2006RANGSUTRA CRAFTS INDIA LIMITEDCompany Limited by Shares/Indian Non-Government CompanyA-39, Karni Nagar, Lalgarh, Bikaner, Rajasthan-334001Tel: -0151-2202148 ; Email: [email protected]

Sl No.

Sl No.

1

Name & Description of Main Products/Services

Name & Address of the Company

NIC Code of the Product /service

CIN/GLN

% to total turnover of the company

Holding/ Subsidiary/Associate

% of SharesHeld

ApplicableSection

Wholesale of textiles, clothing and footwear 4641 (As per NIC Codes 2008 ) 96%


IV SHAREHOLDING PATTERN (Equity Share capital Break up as % to total Equity) (i) CATEGORY-WISE SHAREHOLDING

Demat Physical Total % of Total Shares

Demat Physical Total % of Total Shares

A. Promoters(1) Indiana) Individual/HUF 0 14917 14917 23.56 0 14917 14917 23.56 0.00b) Central Govt. 0 0 0 0.00 0 0 0 0.00 0.00c) State Govt. 0 0 0 0.00 0 0 0 0.00 0.00d) Bodies Corporates 0 0 0 0.00 0 0 0 0.00 0.00e) Bank/FI 0 0 0 0.00 0 0 0 0.00 0.00f) Any other 0 0 0 0.00 0 0 0 0.00 0.00SUB TOTAL:(A) (1) 0 14917 14917 23.56 0 14917 14917 23.56 0.00

(2) Foreigna) NRI- Individuals 0 0 0 0.00 0 0 0 0.00 0.00b) Other Individuals 0 0 0 0.00 0 0 0 0.00 0.00c) Bodies Corp. 0 0 0 0.00 0 0 0 0.00 0.00d) Banks/FI 0 0 0 0.00 0 0 0 0.00 0.00e) Any other… 0 0 0 0.00 0 0 0 0.00 0.00SUB TOTAL (A) (2) 0 0 0 0.00 0 0 0 0.00 0.00Total Shareholding of Promoter (A)= (A)(1)+(A)(2) 0 14917 14917 23.56 0 14917 14917 23.56 0.00

B. PUBLIC SHAREHOLDING

(1) Institutionsa) Mutual Funds 0 0 0 0.00 0 0 0 0.00 0.00b) Banks/FI 0 0 0 0.00 0 0 0 0.00 0.00C) Cenntral govt 0 0 0 0.00 0 0 0 0.00 0.00d) State Govt. 0 0 0 0.00 0 0 0 0.00 0.00e) Venture Capital Fund 0 0 0 0.00 0 0 0 0.00 0.00f) Insurance Companies 0 0 0 0.00 0 0 0 0.00 0.00g) FIIS 0 0 0 0.00 0 0 0 0.00 0.00h) Foreign Venture Capital Funds

0 0 0 0.00 0 0 00.00 0.00

i) Others (specify) 0 0 0 0.00 0 0 0 0.00 0.00

SUB TOTAL (B)(1): 0 0 0 0.00 0 0 0 0.00 0.00

(2) Non Institutionsa) Bodies corporatesi) Indian 0 20885 20885 32.98 0 20885 20885 32.98 0.00ii) Overseas 0 0 0 0.00 0 0 0 0.00 0.00

b) Individualsi) Individual shareholders holding nominal share capital upto Rs.1 lakhs

0 17686 17686 27.93 0 17686 17686 27.93 0.00

ii) Individuals shareholders holding nominal share capital in excess of Rs. 1 lakhs

0 9830 9830 15.52 0 9830 9830 15.52 0.00

c) Others (specify): Trust 0 0 0 0.00 0 0 0 0.00 0.00

SUB TOTAL (B)(2): 0 48401 48401 49.19 0 48401 48401 76.44 27.25

Total Public Shareholding(B)= (B)(1)+(B)(2) 0 48401 48401 76.44 0 48401 48401 76.44 0.00

No. of Shares held at the beginning of the year

No. of Shares held at the end of the yearCategory of Shareholders % change during the year

C. Shares held by Custodian for GDRs & ADRs

0 0 0 0.00 0 0 0 0.00 0.00

Grand Total (A+B+C) 0.00 63318 63318 100.00 0 63318 63318 100.00

c) Central Govt.

s

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34

(iii.) CHANGE IN PROMOTERS' SHAREHOLDING*

(ii) SHARE HOLDING OF PROMOTERS

23.54

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35

(iv.) SHAREHOLDING PATTERN OF TOP TEN SHAREHOLDERS (OTHER THAN DIRECTORS, PROMOTERS & HOLDERS OF GDRs AND ADRs)

(v.) SHAREHOLDING OF DIRECTORS AND KEY MANAGERIAL PERSONNEL


% of Total Shares of the Company

% of Total Shares of the Company

Demat Physical Total Demat Physical Total1 Sumita Ghose (Managing

Director)At the beginning of the year 0 14907 14907 23.54 0 14907 14907 23.54At the end of the year 0 14907 14907 23.54 0 14907 14907 23.54

2 Ramesh Saran (Director)At the beginning of the year 0 2250 2250 3.55 0 2250 2250 3.55At the end of the year 0 2250 2250 3.55 0 2250 2250 3.55

3 Rewata Ram Panwar (Director)At the beginning of the year 0 150 150 0.24 0 150 150 0.24At the end of the year 0 150 150 0.24 0 150 150 0.24

4 Pushpa Purohit (Director)At the beginning of the year 0 40 40 0.06 0 40 40 0.06At the end of the year 0 40 40 0.06 0 40 40 0.06

5 Vivek Rishi (Nominee Director)At the beginning of the year 0 300 300 0.47 0 300 300 0.47At the end of the year 0 300 300 0.47 0 300 300 0.47

6 Petronella Celestine Tacoma (Director)At the beginning of the year 0 0 0 0.00 0 0 0 0.00At the end of the year 0 0 0 0.00 0 0 0 0.00

Sl. No Name of the Director and Key Managerial Personnel (KMP)

Shareholding at the beginning of the year Cumulative Shareholding during the yearNo. of Shares No. of Shares

(Managing Director)


Secured Loans excluding deposits

Unsecured Loans

Deposits Total Indebtedness

i) Principal Amount 19,525,679.49 10,000,000.00 0 29,525,679.49 ii) Interest due but not paid 0 143,551.00 0 143,551.00 iii) Interest accrued but not due 0 0 0 - Total (i+ii+iii) 19,525,679.49 10,143,551.00 - 29,669,230.49

19,472,612.29 22,128,039.00 0 41,600,651.29 11,525,779.51 27,544,673.00 0 39,070,452.51

7,946,832.78 -5,416,634.00 - 2,530,198.78

27,472,512.27 4,726,917.00 0 32,199,429.27 ii) Interest due but not paid 0 0 0 - iii) Interest accrued but not due 0 0 0 -

Total (i+ii+iii) 27,472,512.27 4,726,917.00 - 32,199,429.27

Indebtedness of the Company including interest outstanding/accrued but not due for payment (in Rs.)

Indebtedness at the end of the financial yeari) Principal Amount

Indebtness at the beginning of the financial year

Change in Indebtedness during the financial yearAdditionsReductionNet Change

V INDEBTEDNESS

Name of the MD/WTD/Manager

Sumita Ghose (Managing Director)

Gross salary

Rs. 10,91,000.00

Nil

NilStock option NilSweat Equity NilCommission (as % of profit/ others) NilOthers, please specify NilTotal (A) Rs. 10,91,000.00Ceiling as per the Act Rs. 30,00,000.00

(a) Salary as per provisions contained in section 17(1) of the Income Tax. 1961.

(b) Value of perquisites u/s 17(2) of the Income tax Act, 1961

Rs. 10,91,000.00Rs. 30,00,000.00

(c ) Profits in lieu of salary under section 17(3) of the Income Tax Act, 1961

Total

Rs. 10,91,000.00

Nil

NilNilNilNilNil

Particulars of Remuneration

VI REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNELA .Remuneration to Managing Director, Whole time director and/or Manager:

Amount (In Rs.)


B. Remuneration to other Directors:Amount (In Rs.) Amount (In Rs.)

1 Independent Directors- - - -

(b) Commission - - - -(c ) Others, please specify - - - -Total (1) - - - -

2 Other Non Executive Directors

- - - -(b) Commission - - - -

- - - -Total (2) - - - -Total (B)=(1+2) - - - -

- - - -

Particulars of RemunerationName of the Directors

(c ) Others, please specify*

(a) Fee for attending board committee

(a) Fee for attending Board/Committee meetings

Total Managerial Remuneration Overall Cieling as per the Act.

Total Amount Sl.No

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD

CEO CFO Company Secretary

1

- - - -

- - - -

- - - -2 Stock Option - - - -3 Sweat Equity - - - -4 Commission (as % of profit others, specify) - - - -5 Others, please specify - - - -

Total - - - -

(c ) Profits in lieu of salary under section 17(3) of the Income Tax Act, 1961

(b) Value of perquisites u/s 17(2) of the Income Tax Act, 1961

Particulars of RemunerationSl. No.

Key Managerial Personnel

(a) Salary as per provisions contained in section 17(1) of the Income Tax Act, 1961.

Total AmountGross Salary


VII. PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES

Type Section of the Companies Act

Brief Description

Details of Penalty/Punishment/Compounding fees imposed

Authority (RD/NCLT/Court)

Appeal made if any (give details)

Penalty NA NA NA NA NAPunishment NA NA NA NA NACompounding NA NA NA NA NA



A. COMPANY

B. DIRECTORS

C. OTHER OFFICERS IN DEFAULT

For and On behalf of the Board of DirectorsRangsutra Crafts India Limited

Sd/-Sumita GhoseChairperson and Managing DirectorDIN: 01016426R/o.: C-901, Surya Vihar, Dundahera,Gurgaon-122016, Haryana

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A. NAMES OF TOP TEN EMPLOYEES OF THE COMPANY IN TERMS OF REMUNERATION DRAWN IN F.Y. 2016-17:

The particulars of the employees who are covered by the provisions contained in Rule 5(2) and Rule 5(3) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 Annexure III


Independent Auditor's Report

To the Members of RANGSUTRA CRAFTS INDIA LIMITED

Report on the Financial Statements

We have audited the accompanying financial statements of RANGSUTRA CRAFTS INDIA LIMITED (“the Company”), which comprise the Balance Sheet as at March 31, 2017, the Statement of Profit andLoss, the Cash Flow Statement for the year then ended, and a summary of the significant accountingpolicies and other explanatory information.

Management's Responsibility for the Financial Statements

The Company's Board of Directors is responsible for the matters stated in Section 134(5) of theCompanies Act, 2013 (“the Act”) with respect to the preparation of these financial statements that give atrue and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the AccountingStandards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules,2014. This responsibility also includes maintenance of adequate accounting records in accordance withthe provisions of the Act for safeguarding of the assets of the Company and for preventing anddetecting frauds and other irregularities; selection and application of appropriate accounting policies;making judgments and estimates that are reasonable and prudent; and design, implementation andmaintenance of adequate internal financial controls, that were operating effectively for ensuring theaccuracy and completeness of the accounting records, relevant to the preparation and presentation ofthe financial statements that give a true and fair view and are free from material misstatement, whetherdue to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit.

We have taken into account the provisions of the Act, the accounting and auditing standards andmatters which are required to be included in the audit report under the provisions of the Act and theRules made there under.

We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10)of the Act. Those Standards require that we comply with ethical requirements and plan and perform theaudit to obtain reasonable assurance about whether the financial statements are free from materialmisstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and thedisclosures in the financial statements. The procedures selected depend on the auditor's judgment,including the assessment of the risks of material misstatement of the financial statements, whether dueto fraud or error. In making those risk assessments, the auditor considers internal financial controlrelevant to the Company's preparation of the financial statements that give a true and fair view in orderto design audit procedures that are appropriate in the circumstances. An audit also includes evaluatingthe appropriateness of the accounting policies used and the reasonableness of the accountingestimates made by the Company's Directors, as well as evaluating the overall presentation of theinancial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis forour audit opinion on the financial statements.

Near Punjab Tent House,Rani Bazar, Bikaner 334001

DAIYA TIWARI & SONIChartered Accountants


Opinion

In our opinion and to the best of our information and according to the explanations given to us, theaforesaid financial statements give the information required by the Act in the manner so required andgive a true and fair view in conformity with the accounting principles generally accepted in India, of thestate of affairs of the Company as at 31st March, 2017, and its profit/loss and its cash flows for the yearended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order, 2016 (“the Order”), issued by theCentral Government of India in terms of sub-section (11) of section 143 of the Companies Act,2013, we give in the 'Annexure A', a statement on the matters specified in paragraphs 3 and 4 ofthe Order, to the extent applicable.

2. As required by Section 143 (3) of the Act, we report that:

a) We have sought and obtained all the information and explanations which to the best ofour knowledge and belief were necessary for the purposes of our audit.

b) In our opinion, proper books of account as required by law have been kept by theCompany so far as it appears from our examination of those books.

c) The Balance Sheet, the Statement of Profit and Loss and the Cash Flow Statement dealtwith by this Report are in agreement with the books of account.

d) In our opinion, the aforesaid financial statements comply with the Accounting Standardsspecified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts)Rules, 2014.

e) The going concern matter does not have any adverse effect on the functioning of thecompany.

f) On the basis of the written representations received from the directors as on 31st March,2017 taken on record by the Board of Directors, none of the directors is disqualified ason 31st March, 2017 from being appointed as a director in terms of Section 164 (2) ofthe Act.

g) With respect to the adequacy of the internal financial controls over financial reporting ofthe Company and the operating effectiveness of such controls, refer to our separateReport in 'Annexure B'.

h) With respect to the other matters to be included in the Auditor's Report in accordancewith Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and tothe best of our information and according to the explanations given to us:

i. The Company does not have any pending litigations which would impact itsfinancial position.

ii. The Company did not have any long-term contracts including derivative contractsor which there were any material foreseeable losses.

iii. The company has transferred the amount in Investor Education & ProtectionFund during the year.


iv.

For DAIYA TIWARI & SONIChartered AccountantsFRN: 004268C

Sd/-Place :- Delhi CA BRIJ GOPAL DAIYADate: 24/06/2017 (PARTNER )

Membership No.082385

The company has provided requisite disclosures in its financial statements as toholdings as well as dealings in Specified Bank Notes during the period from 8thNovember, 2016 to 30th December, 2016 and these are in accordance with the books ofaccounts maintained by the company.

The Annexure referred to in paragraph 1 of Our Report on “Other Legal and Regulatory Requirements”.

We report that:

i.

a. The company has maintained proper records showing full particulars, including quantitativedetails and situation of its fixed assets.

b. As explained to us, fixed assets have been physically verified by the management at reasonableintervals; no material discrepancies were noticed on such verification.

c.

As explained to us, inventories have been physically verified during the year by the management atreasonable intervals. No material discrepancy was noticed on physical verification of stocks by themanagement as compared to book records.

iii. According to the information and explanations given to us and on the basis of our examination of thebooks of account, the Company has not granted any loans, secured or unsecured, to companies, firms,Limited Liability Partnerships or other parties listed in the register maintained under Section 189 of theCompanies Act, 2013. Consequently, the provisions of clauses iii (a), (b) and (c) of the order are notapplicable to the Company.

iv.

As per information & explanation given by the management, maintenance of cost records has not beenspecified by the Central Government under sub-section (1) of section 148 of the Companies Act, 2013.

vii.

a)

The title deeds of immovable properties are held in the name of the company.

ii.

In respect of loans, investments, guarantees, and security, provisions of section 185 and 186 of theCompanies Act, 2013 have been complied with.

v.. The company has not accepted any deposits from the public covered under sections 73 to 76 of theCompanies Act, 2013.

vi.

According to the records of the company, undisputed statutory dues including Provident Fund,Investor Education and Protection Fund, Employees' State Insurance, Income-tax, Sales-tax,Service Tax, Custom Duty, Excise Duty, value added tax, cess and any other statutory dues tothe extent applicable, have generally been regularly deposited with the appropriate authorities.According to the information and explanations given to us there were no outstanding statutorydues as on 31st of March, 2017 for a period of more than six months from the date they becamepayable.

b) According to the information and explanations given to us, there is no amount payable inrespect of income tax, service tax, sales tax, customs duty, excise duty, value added tax andcess whichever applicable, which have not been deposited on account of any disputes.

viii. In our opinion and according to the information and explanations given by the management, we are ofthe opinion that, the Company has not defaulted in repayment of dues to a financial institution, bank,Government or debenture holders, as applicable to the company.

Annexure 'A'




ix.

The company is not a Nidhi Company. Therefore clause xii) of the order is not applicable to thecompany.

xiii. According to the information and explanations given to us, all transactions with the related parties are incompliance with sections 177 and 188 of Companies Act, 2013 where applicable and the details havebeen disclosed in the Financial Statements etc. as required by the applicable accounting standards.

xiv. The company has not made any preferential allotment or private placement of shares or fully or partlyconvertible debentures during the year under review.

xv. The company has not entered into non-cash transactions with directors or persons connected with him.

xvi.




Based on our audit procedures and according to the information given by the management, thecompany has not raised any money by way of initial public offer or further public offer (including debtinstruments) or taken any term loan during the year.

x. According to the information and explanations given to us, we report that no fraud by the company orany fraud on the Company by its officers or employees has been noticed or reported during the year.

xi. According to the information and explanations given to us,we report that managerial remuneration hasbeen paid in accordance with the requisite approvals mandated by the provisions of section 197 readwith Schedule V to the Companies Act.

xii.

The company is not required to be registered under section 45-IA of the Reserve Bank of India Act,1934


Report on Internal Financial Controls Over Financial Reporting

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of theCompanies Act, 2013 (“the Act”)

We have audited the internal financial controls over financial reporting of RANGSUTRA CRAFTSINDIA LIMITED (“the Company”) as of March 31, 2017 in conjunction with our audit of thefinancial statements of the Company for the year ended on that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for establishing and maintaining internal financialcontrols based on the internal control over financial reporting criteria established by the Companyconsidering the essential components of internal control stated in the Guidance Note on Audit ofInternal Financial Controls Over Financial Reporting issued by the Institute of CharteredAccountants of India. These responsibilities include the design, implementation and maintenanceof adequate internal financial controls that were operating effectively for ensuring the orderly andefficient conduct of its business, including adherence to company's policies, the safeguarding of itsassets, the prevention and detection of frauds and errors, the accuracy and completeness of theaccounting records, and the timely preparation of reliable financial information, as required underthe Companies Act, 2013.

Auditors' Responsibility

Our responsibility is to express an opinion on the Company's internal financial controls overfinancial reporting based on our audit. We conducted our audit in accordance with the GuidanceNote on Audit of Internal Financial Controls Over Financial Reporting (the “Guidance Note”) andthe Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) ofthe Companies Act, 2013, to the extent applicable to an audit of internal financial controls, bothapplicable to an audit of Internal Financial Controls and, both issued by the Institute of CharteredAccountants of India. Those Standards and the Guidance Note require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whetheradequate internal financial controls over financial reporting was established and maintained and ifsuch controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of theinternal financial controls system over financial reporting and their operating effectiveness. Ouraudit of internal financial controls over financial reporting included obtaining an understanding ofinternal financial controls over financial reporting, assessing the risk that a material weaknessexists, and testing and evaluating the design and operating effectiveness of internal control basedon the assessed risk. The procedures selected depend on the auditor's judgment, including theassessment of the risks of material misstatement of the financial statements, whether due to fraud or error.

Annexure'B'




We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for ouraudit opinion on the Company's internal financial controls system over financial reporting.

Meaning of Internal Financial Controls Over Financial Reporting

A company's internal financial control over financial reporting is a process designed to providereasonable assurance regarding the reliability of financial reporting and the preparation of financialstatements for external purposes in accordance with generally accepted accounting principles. Acompany's internal financial control over financial reporting includes those policies and procedures that

1. pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect thetransactions and dispositions of the assets of the company;

2. provide reasonable assurance that transactions are recorded as necessary to permit preparation offinancial statements in accordance with generally accepted accounting principles, and that receipts andexpenditures of the company are being made only in accordance with authorisations of managementand directors of the company; and

3. provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition,use, or disposition of the company's assets that could have a material effect on the financialstatements.

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting, including thepossibility of collusion or improper management override of controls, material misstatements due toerror or fraud may occur and not be detected. Also, projections of any evaluation of the internal financialcontrols over financial reporting to future periods are subject to the risk that the internal financial controlover financial reporting may become inadequate because of changes in conditions, or that the degreeof compliance with the policies or procedures may deteriorate.

Opinion

In our opinion, the Company has, in all material respects, an adequate internal financial controls systemover financial reporting and such internal financial controls over financial reporting were operatingeffectively as at March 31, 2017, based on the internal control over financial reporting criteriaestablished by the Company considering the essential components of internal control stated in theGuidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Instituteof Chartered Accountants of India.






RANGSUTRA CRAFTS INDIA LIMITEDA 39, KARNI NAGAR, LALGARH, BIKANER

BALANCE SHEET AS AT 31ST MARCH, 2017Amount In Rs. Amount In Rs.

March 31, 2017

EQUITY AND LIABILITIES

Shareholders’ FundsShare Capital 3 6,331,800.00 6,331,800.00 Reserves & Surplus 4 4,457,650.69 5,163,350.37

10,789,450.69 11,495,150.37 Non-Current Liabi litiesDeferred Tax Liabilities (Net) 5 - - Long-Term Provisions 6 1,127,710.00 1,064,091.00

1,127,710.00 1,064,091.00 Current LiabilitiesShort-Term Borrowings 7 28,372,512.27 19,525,679.48 Trade Payables 8 9,825,039.25 6,666,177.50 Other Current Liabilities 9 5,642,955.17 11,189,386.00 Short-Term Provisions 6 508,166.00 137,273.00

44,348,672.69 37,518,515.98 TOTAL 56,265,833.38 50,077,757.35

ASSETS

Non-Current AssetsFixed Assets 10Tangible Assets 4,695,727.52 5,026,622.52 Intangible Assets 172,464.31 171,502.31 Capital Work-In-Progress - -

4,868,191.83 5,198,124.83 Non-Current Investments - - Deferred Tax Asset (Net) 5 465,135.71 254,162.71 Long-Term Loans & Advances 11 1,015,283.00 499,030.00 Other Non-Current Assets 12 - -

6,348,610.54 5,951,317.54 Current AssetsInventories 13 30,939,012.06 27,673,876.47 Trade Receivables 14 1,793,359.50 5,252,572.41 Cash & Cash Equivalents 15 11,349,574.28 7,297,443.40 Short-Term Loans & Advances 11 3,596,922.00 3,047,804.00 Other Current Assets 12 2,238,355.00 854,743.53

49,917,222.84 44,126,439.81 TOTAL 56,265,833.38 50,077,757.35

Significant Accounting Policies 2

The Notes are an integral part of these financial statements

PARTICULARS March 31, 2016 Note

This is the Balance Sheet referred to in our report of even dateFor Daiya Tiwari & SoniChartered Accountants

Sd/-CA Brij Gopal DaiyaPartner (M.No. 082385)FRN : 004268C

Place: Delhi Date: 24/06/2017

For and on behalf of BoardFor RANGSUTRA CRAFTS INDIA LIMITED Sd/- Sumita GhoseManaging DirectorDIN No.: 01016426

Sd/- Ramesh SaranDirectorDIN No. : 00880855

Sd/-Rahul John Noble SinghChief Financial Officer

in in


RANGSUTRA CRAFTS INDIA LIMITEDA 39, KARNI NAGAR, LALGARH, BIKANER

STATEMENT OF PROFIT & LOSS FOR THE YEAR ENDED 31ST MARCH, 2017

This is the Balance Sheet referred to in our report of even dateFor Daiya Tiwari & SoniChartered Accountants

For and on behalf of BoardFor RANGSUTRA CRAFTS INDIA LIMITED


Sd/- Sumita GhoseManaging DirectorDIN No.: 01016426


Place: DelhiDate: 24/06/2017


Amount in Rs. Amount in Rs. 2016-17 2015-16

INCOME

Revenue from operations (Gross) 16 93,358,826.09 50,552,246.52

Less:- Excise Duty - -

Revenue from operations (Net) 93,358,826.09 50,552,246.52

Other income 17 4,281,862.44 2,020,837.92

Total Revenue 97,640,688.53 52,573,084.44

EXPENSES

Cost of materials consumed 18 68,985,073.83 37,390,438.46

Changes in Inventory 19 (3,597,644.30) (5,699,660.79)

Employee benefits expense 20 15,604,938.00 12,657,661.00

Finance costs 21 3,218,496.90 1,759,297.83

Depreciation & Amort isation expense 22 933,794.00 602,349.31

Other expenses 23 13,412,702.78 13,471,664.27

Total Expenses 98,557,361.21 60,181,750.08

PROFIT/(LOSS) BEFORE TAX (916,672.68) (7,608,665.64)

Tax expense -

Deferred tax (210,973.00) (186,126.00)

Excess Provis ion of Tax written back

(210,973.00) (186,126.00)

PROFIT/(LOSS) FOR THE YEAR (705,699.68) (7,422,539.64)

Earnings per equity share:Basic & Diluted 24G (11.15) (117.23)

Significant Account ing Policies 2

The Notes are an integral part of these financial s tatements

NotePARTICULARS


Rangsutra Crafts India LimitedCash Flow Statement

for the year ended 31st March, 2017

For Daiya Tiwari & SoniChartered Accountants





Place: DelhiDate: 24/06/2017


(Amount in Rs.)Particulars 2016-17 2015-16

A. Cash Flow from Operating Activites

Profit before Tax and Extra-ordinary Items -916,672.68 -7,608,665.64 Add: Depriciation 933,794.00 602,349.31 Add: Finance Costs 3,218,496.90 1,759,297.83 Operational profit before working capital changes 3,235,618.22 -5,247,018.50 Adjustments for changes in Working CapitalChanges in Inventories -3,265,135.59 -8,472,085.62 Changes in Trade Receivables 3,459,212.91 -4,903,096.06 Changes Short Term Loans -549,118.00 -1,659,843.00 Changes in Other Current Assets -1,383,611.47 -630,016.53 Changes in Short Term Borrowings 8,846,832.79 17,171,780.90 Changes in Trade Payables 3,158,861.75 -7,106,036.50 Changes in Other Current Liabilites -5,546,430.83 9,054,474.83 Changes in Provisions 370,893.00 -5,409,388.00

Net Cash from Operating Activites 8,327,122.78 -7,201,228.48

B. Cash Flow from Investing ActivitesFixed Assets Purchased -603,861.00 -2,197,342.00 Security Deposit -516,253.00 -205,600.00 Net Cash from Investing Activites -1,120,114.00 -2,402,942.00

C. Cash Flow from Financing ActivitesFinance Cost -3,218,496.90 -1,759,297.83 Changes in long Term Provision 63,619.00 425,967.00 Net Cash from Financing Activites -3,154,877.90 -1,333,330.83

Net increase(decrease) in cash & CashEquivalent (A+B+C) 4,052,130.88 -10,937,501.31 Opening Cash & Cash Equivalents 7,297,443.40 18,234,944.71 Closing Cash & Cash Equivalents 11,349,574.28 7,297,443.40

Depreiciation


RANGSUTRA CRAFTS INDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2017

NOTE 1 : NATURE OF OPERATIONS

Rangsutra Crafts India Limited is primarily engaged in business of sale of branded ready made garments and made up articles and textiles.

NOTE 2 : SIGNIFICANT ACCOUNTING POLICIES

` Basis of Accounting

The Financial Statements are prepared in accordance with the Generally Accepted Accounting Principles in India under the historical costconvention (except for revaluation of Plant and Machinery), on an accrual basis, in accordance with applicable Accounting Standards and therelevant provisions of The Companies Act, 2013. The accounting policies are consistently applied by the company.

All assets and liabilities have been classified as current or non-current as per criteria set out in the Schedule III to the Companies Act, 2013.

Use of Estimates

The presentation of financial statements requires estimates and assumptions to be made that affect the reported amount of assets andliabilities on the date of financial statements and reported amount of revenues and expenses during the reporting period. Differences betweenthe actual results and estimates are recognised in the period in which the results are known / materialised.

Revenue Recognition

Sale of goods are recorded net of trade discounts and rebates wherever applicable. Sales are inclusive of all duties and taxes but net of salestax.

Purchases of stock are booked after inspection and quantity/quality checks and appropriate adjustments in the purchase bills for valuation, ifany.

Fixed Assets

Tangible Fixed Assets are stated at cost or revalued amounts, as the case may be, less accumulated depreciation and provision forimpairment, if any. The cost includes expenditure incurred in the acquisition and construction / installation and other related expenses inbringing the asset to working condition for its intended use.

Intangible Assets - Computer Softwares: Upto Fianancial Year 2013-14 Computer Software was amortized on the basis of WDV method. Inorder to present the Financial Statement in a better way and in compliance of the applicable Accounting Standard AS-26, the ComputerSoftware is now amortized using the Straight Line Method over a period of 3 years with effect from April 01, 2014

Borrowing costs

Interest and other borrowing costs, attributable to the acquisition of or construction of qualifying assets till such time the assets aresubstantially ready for their intended use, are capitalised. All other borrowing costs are charged to revenue.

Impairment

The carrying amounts of assets are reviewed at each balance sheet date to determine, if there is any indication of impairment based onexternal/internal factors. An impairment loss is recognized wherever the carrying amount of an asset exceeds its recoverable amount whichrepresents the greater of the net selling price and "Value in use" of the assets.

Investments

Investments that are readily realisable and are intended to be held for not more than one year from the date, on which such investments aremade, are classified as current investments. All other investments are classified as long term investments. Current investments are carried atlower of cost or fair value. Long-term investments are carried at cost. However, provision for diminution is made to recognise a decline, otherthan temporary, in the value of the investments, such reduction being determined and made for each investment individually.

Foreign Currency Transactions

Transactions denominated in foreign currency are recorded at the exchange rate prevailing on the date of transactions. Current assets andliabilities at the year-end are restated at the prevailing exchange rate and the differnce between the year-end and the actual/notional rates isrecognized as income or expense in the accounts.


RANGSUTRA CRAFTS INDIA LIMITEDNOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2017

NOTE 2 : SIGNIFICANT ACCOUNTING POLICIES (Contd.)

Inventory

Stock-in-trade and goods in transit are valued at lower of cost and net realisable value. Due to a large number and diverse nature of inventoryitems, specific cost of each type is not ascertainable. However, standard cost estimated as near as possible is considered as cost. Novaluation is done for damaged stock since its realisable alue; if any, is negligible. Excise duty liability is included in valuation of closinginventory of finished goods.

Retirement & other employee benefits

Provident Fund Contributions are remitted to the Employees Provident Fund administered by the Regional Provident Fund Commissioner.

Income Taxes

Tax expense comprises both current and deferred taxes. Current Tax is provided on the taxable income using the applicable tax rates and taxlaws. Deferred tax assests and liabilities arising on account of timing difference and which are capable of reversal in subsequent periods arerecognised using the tax rates and tax laws that have been enacted or substantively enacted. Deferred tax assets are recognised only to theextent that there is reasonable certainity that sufficient future taxable income will be available against which such deferred tax assets can berealised. If the company has carry forward unabsorbed depreciation and tax losses, deferred Tax assets are recognised only to the extentthere is a virtual certainty supported by convincing evidence that sufficient taxable income will be available against which such deferred taxassets can be realised.

Minimum Alternative Tax

Minimum Alternative Tax credit is recognised as an asset only when and to the extent there is convincing evidence that the company will pay normalincome tax during the specified period. Such asset is reviewed at each Balance Sheet date and the carrying amount of the MAT credit asset iswritten down to the extent there is no longer a convincing evidence to the effect that the Company will pay normal income tax during the specifiedperiod.

Provisions and Contingent Liabilities

The Company recognises a provision when there is a present obligation as a result of a past event that probably requires an outflow ofresources and a reliable estimate can be made of the amount of the obligation. A disclosure for a contingent liability is made when there is apossible obligation or a present obligation that may, but probably will not, require an outflow of resources. Where there is a possible obligationor a present obligation that the likelihood of outflow of resources is remote, no provision or disclosure is made. Contingent Assets are notrecognized in the Financial Statements.

Previous year figures of the company are regrouped, where it is necessary.




NOTE 3: SHARE CAPITAL

Amount in Rs. Amount in Rs.

March 31, 2017 March 31, 2016

Authorised Capital 1,10,000 (Previous Year 1,10,000) Equity Shares of Rs. 100/- each 11,000,000.00 11,000,000.00

11,000,000.00 11,000,000.00

Issued, Subscribed and Fully Paid-up 63,318 (Previous Year 63,318) Equity Shares of Rs. 100/- each 6,331,800.00 6,331,800.00 fully paid up )

6,331,800.00 6,331,800.00(a) Rights, preferences and restrictions attached to shares

The company has one class of equity shares having a par value of Rs.100 per share. Each shareholder is eligible for one vote per share held.The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, exceptin case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Companyafter distribution of all preferential amounts, in proportion to their shareholding.

(b) Shareholders holding more than 5 percent of the equity shares

Name of Shareholder March 31, 2017 March 31, 2016 No. of Shares held Percentage holding No. of Shares held Percentage holding

FabIndia Overseas Pvt. Ltd. 20,450.00 32.30% 20,450.00 32.30%Sumita Ghose 14,907.00 23.54% 14,907.00 23.54%

(c) The reconciliation of the number of shares outstanding as at 31st march, 2017 & 31st march, 2016 is set out below:

As at Particulars 31st March, 2017 31st March, 2016

Equity Shares of Rs. 100/- each fully paid up Number of Shares in the beginning 63,318.00 63,318.00 Add :- Shares issued during the year — — Number of Shares at the end 63,318.00 63,318.00

Equity Shares of Rs. 100/- each fully paid up during the year — —

63,318.00 63,318.00

NOTE 4: RESERVES AND SURPLUS (Amount In Rs.) (Amount In Rs.)March 31, 2017 March 31, 2016

General ReserveAs per last Account 1,608,820.00 1,608,820.00 Add: Transfer from Statement of Profit & Loss 1,608,820.00 1,608,820.00

Securities Premium AccountAs per last Account 4,206,475.00 4,206,475.00 Add: Security Premium Credited on Share Issued 4,206,475.00 4,206,475.00

Surplus in the statement of profit and lossBalance as per last financial statement (651,944.63) 6,770,595.01 Profit/(Loss) for the year (705,699.68) (7,422,539.64)Less:- Appropriations (1,357,644.31) (651,944.63)

Closing Balance 4,457,650.69 5,163,350.37




NOTE 5 : DEFERRED TAX LIABILITIES /ASSETS (NET):

March 31, 2017 March 31, 2016

The breakup of Deferred Tax Liability/Assets:

Opening Balance 254,162.71 68,036.71

Arising on account of timing dif ference in:

- Depreciation 210,973.00 186,126.00

- Accrued Expenses allowable on Actual Payments - -

Deferred Tax Liabilities /Assets (Net) 465,135.71 254,162.71

Amount in Rs.

NOTE 6 : PROVISIONS

March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016

Provis ion for employee benefits:

Leave benefits 263,253.00 242,868.00 66,732.00 7,529.00

Gratuity 864,457.00 821,223.00 387,171.00 18,301.00

Ex-Gratitous Payment

Other Provisions :

Audit Fees - - 80,000.00

Light and water - 20,000.00 12,600.00

Telephone - 6,336.00 18,843.00

Income Tax Payable - - - -

Provision for Rent - - 16,000.00 -

Provision for Overtime - - 11,927.00 -

1,127,710.00 1,064,091.00 508,166.00 137,273.00

Long-Term Short-TermAmount in Rs. Amount in Rs.




NOTE 7 : SHORT-TERM BORROWINGS

March 31, 2017 March 31, 2016

Secured

Working Capital Facilities from Banks

Axis Bank (New Delhi) - 11,525,779.49 [Cash Credit (Hypothecation) limit is secured by hypothecation by way of first & exclusive charge over all present & future current assets of the company stored or to be stored at the company's godown or premise or wherever else the samemay be.]

Axis Bank (Saket New Delhi Branch) 3,472,612.29 -

(Overdraft facility from axis bank is secured by way of lien of the fixed deposit amounting to Rs . 40,00,000/- with the Bank.)

Exim Bank 23,999,899.98 7,999,899.99

[Working capital limit is secured by hypothecation of entire current assets]

Unsecured

from Directors

Sumita Ghose 900,000.00 -

28,372,512.27 19,525,679.48

Amount In Rs.




NOTE 8 : TRADE PAYABLES

There is no amount due and outstanding to be credited to Investor Education and Protection Fund.* Pursuant to the applicable provisions of the Companies Act, 2013, the company has transferred the unpaid or unclaimed dividend amount of Rs. 21,250/- related to Financial Year 2008-09 on due date to the Investor Education and protection Fund during finacial Year 2016-17.

March 31, 2017 March 31, 2016

Trade Payables (Subject to conf irmation)

Total Outstanding due to Micro & Small Enterprises 1,661,236.50 220,767.00

Total Outstanding dues of creditors other than micre and small enterprises 8,163,802.75 6,445,410.50

9,825,039.25 6,666,177.50

NOTE 9 : OTHER CURRENT LIABILITIES

March 31, 2017 March 31, 2016

Statutory dues :

ESIC 19,007.00 10,428.00

PF 72,160.00 66,589.00

TDS 125,979.00 128,249.00

VAT 52,493.00 29,091.00

CST (Delhi) 755.00 -

CST (Rajasthan) 66,298.00 13,436.00

CST (Varanasi) 4,899.99 -

Other payables:

Liabilit ies for expenses 2,997,601.50 1,143,812.00

Advance From Customers 1,736,796.68 9,289,826.00

Other Liabilities 347,045.00 -

Unclaimed Dividend* 219,920.00 507,955.00

5,642,955.17 11,189,386.00

Amount In Rs.

Amount in Rs.




NOTE 10 : FIXED ASSETS31

/3/2

016

31/3

/201

731

/3/2

017

31/3

/201

6

31/3

/201

71/

4/20

16




NOTE 11 : LOANS & ADVANCES

March 31, 2017 March 31, 2016 March 31, 2017 March 31, 2016

Unsecured, Considered Good

Advances Recoverable in cash or in kind 3,596,922.00 3,047,804.00

Other loans and advances:

MAT Credit Entitlement - -

Security Deposit 1,015,283.00 499,030.00 - -

1,015,283.00 499,030.00 3,596,922.00 3,047,804.00

Short TermAmount in Rs Amount in Rs

Long Term

March 31, 2017 March 31, 2016


Advance Income Tax 803,687.00 803,687.00

TDS FY 2016-17 288,624.00 -

Prepaid Expens es 51,427.00 47,444.00

VAT Receivable - 3,612.53

Export Duty Drawback Receivable 1,094,617.00 -

2,238,355.00 854,743.53

Current Amount in Rs

NOTE 12 : OTHER ASSETS

March 31, 2017 March 31, 2016

At lower of cost and net realisable value

Raw materials 7,404,710.57 7,632,947.78

Work-in-progress 2,322,971.69 6,337,647.08

Finished goods 21,058,734.00 13,446,414.31

Packing Material Stock 152,595.80 256,867.30

30,939,012.06 27,673,876.47

Amount in Rs

NOTE 13 : INVENTORIES




NOTE 14 : TRADE RECEIVABLES

March 31, 2017 March 31, 2016


Outstanding for a period exceeding six months from the due date

Considered Good 81,871.50 16,361.00

Considered Doubtful - -

Other Debts 1,711,488.00 5,236,211.41 (Subject To Conf irmat ion)

1,793,359.50 5,252,572.41

Amount in Rs

March 31, 2017 March 31, 2016

Balances with banks;

In Current Accounts 223,196.28 360,875.40

(Subject to Reconciliation)

Cash on hand 80,851.00 8,434.00

(As per books and certified by Director)

Total {A} 304,047.28 369,309.40

Other Bank Balances;

In Deposit Accounts (more than 12 months maturity) 10,825,607.00 6,420,179.00

Total {B} 10,825,607.00 6,420,179.00

In unpaid Dividend Account 219,920.00 507,955.00

Total {C} 219,920.00 507,955.00

Amounts disclosed under 'Non Current Assets' (Note 15)

Total {A+B+C} 11,349,574.28 7,297,443.40

In Deposit Accounts (more than 3 months but less than 12 months maturity)

Amount in Rs

NOTE 15 : Cash & Cash Equivalents




NOTE 16 : REVENUE FROM OPERATIONS

2016-17Interest:

on Deposits(Fixed Depos its) 501,724.00 468,850.00

Other 753.00 -

Grant Received - 689,687.00

Discount on Purchase 25,976.00 7,560.00

Foreign Exchange Difference - 53,622.54

Miscellaneous Receipts 226.44 801,118.38

Consultancy Fee Received 2,755,083.00 -

Churu Project Received 998,100.00 -

4,281,862.44 2,020,837.92

Amount in Rs2015-16

NOTE 17 : OTHER INCOME

2016-17 2015-16Cost of materials consumed

Opening Stock 7,889,815.08 5,117,390.25

Add: Purchases 35,532,349.18 23,767,663.68

Add: Freight Inward 820,188.44 599,058.61

Add: Other Direct Expenses 5,155,142.00 3,612,818.50

Add: Job Work Charges 27,144,885.50 12,183,322.50

76,542,380.20 45,280,253.54

Less: Closing Stock 7,557,306.37 7,889,815.08

68,985,073.83 37,390,438.46

Amount In Rs.

NOTE 18 : COST OF MATERIALS CONSUMED

2016-17Sales:

Finished Goods (Gross) 89,575,652.09 49,900,781.52

Other Operat ing Revenues - Export Incentives 3,727,321.00 651,465.00

Job Work Income 55,853.00 -

93,358,826.09 50,552,246.52

Amount in Rs2015-16




NOTE 19 : CHANGES IN INVENTORY

2016-17 2015-16

Closing Stock:

Finished Goods 21,058,734.00 13,446,414.31

Stock in Process 2,322,971.69 6,337,647.08

TOTAL (A) 23,381,705.69 19,784,061.39

Less: Opening Stock:

Finished Goods 13,446,414.31 11,884,027.20

Stock in Process 6,337,647.08 2,200,373.40

TOTAL (B) 19,784,061.39 14,084,400.60

TOTAL(A-B) (3,597,644.30) (5,699,660.79)

Amount In Rs.

2016-17 2015-16

Salaries, Wages, Bonus, and Allowances 13,939,354.00 11,027,251.00

Gratuity 412,104.00 322,321.00

Leave Encashment Expenses 79,588.00 115,369.00

Company's Contribut ion to Provident, Gratuity and Other Funds (Refer Note (a) below) 573,077.00 583,348.00

Welfare Expenses 600,815.00 609,372.00

15,604,938.00 12,657,661.00

Amount In Rs.NOTE 20 : EMPLOYEE BENEFITS EXPENSE

2016-17 2015-16

Interest 2,928,964.90 1,585,146.64

Cash Discount 134,516.00 26,196.59

Bank Charges 109,016.00 147,954.60

Bank OD Renewal Charges 46,000.00 -

3,218,496.90 1,759,297.83

Amount In Rs.

NOTE 21 : FINANCE COSTS

in

in

in




NOTE 22 : DEPRECIATION & AMORTISATION EXPENSE

2016-17 2015-16

Depreciation on tangible assets 857,557.00 428,576.00

Depreciation on Intangible assets 76,237.00 136,257.31

Writ ten Off - 37,516.00

933,794.00 602,349.31

Amount in Rs .

2016-17 2015-16

Packing Materials consumed 952,041.00 448,283.00

Power, Fuel and Water Charges 685,053.00 202,069.00

Repairs and Renewals:

Office 974,538.00 1,389,214.00

Computer 204,029.00 190,595.00

Other Assets 14,400.00 58,831.00

Insurance 30,993.00 38,911.00

Rent 1,947,920.00 1,442,120.00

Print ing and Stat ionery 286,565.00 481,451.00

Travelling & Conveyance 1,498,834.00 1,978,013.00

Communication Expenses 479,329.00 360,945.72

Legal & Professional Charges 845,986.00 2,374,900.00

Auditors' Remuneration:

As Auditors:

Audit fee 40,000.00 40,000.00

Tax Audit fee 15,000.00 15,000.00

VAT Return 16,200.00 16,200.00

Reimbursement of Expenses etc. (Service tax) 8,800.00 8,800.00

Total Auditors Expenses 80,000.00 80,000.00

Directors Remuneration 1,091,100.00 1,091,100.00

Selling Expenses 2,781,012.22 2,178,735.15

Freight and Forwarding (Net) 1,132,632.92 451,119.42

Project Grant Expenses 280,107.00 602,265.00

Miscellaneous Expenses 128,162.64 103,111.98

13,412,702.78 13,471,664.27

Rs. in lacs




NOTE 23 : OTHER EXPENSES

Amount in Rs.




` NOTE 24 : OTHER ADDITIONAL NOTES / INFORMATION

A. In the opinion of the Board and to the best of knowledge and belief, the value on realization of loans and advances and current assets will notbe less then the amount stated in the Balance Sheet.

B. Sundry Debtors, Creditors Loans Advances are subject to confirmation from respective parties.

C. There is no employee who is in receipt of remuneration in aggregate of Rs. 12000000/- per annum or more if employed through out the year orRs. 500000/- per month, if employed part of the year.

D. Contingent Liability not provided for: Nil ( Previous Year : Nil)

E. Capital and other commitments

(I) Estimated amount of contracts remaining to be executed on Capital Account and not provided for Rs. Nil (Previous Year Rs. Nil).

F. Dues to Micro and Small enterprieses under Micro, Small and Medium Enterprise Development Act, 2006; (MSMED) :-

The Company has not received the information from suppliers regarding status of Small Scale Undertaking,Micro,Small and MediumEnterprises Development Act,2006. Hence required disclosures have not been given.

G. Earnings Per Share: Year 2017 Year 2016 Rs. Rs.

Profit/(Loss) after taxation and refund of income tax. (7.06)Lakh (74.23)LakhNumber of Equity Shares (Face Value Rs. 100/-) 63,318 Nos 63,318 NosEarning Per Share in Rupees - Basic & diluted (11.15)/share (117.23)/share

H. Related Party Disclosure:

a) Parties which significantly influence / are influenced by the company (either individually or with others) -

Key Management Personnel : Sumita Ghose Managing Director (DIN No. 01016426)

Associate Company : FabIndia overseas Pvt. Ltd.




NOTE 24 : OTHER ADDITIONAL NOTES / INFORMATION Contd.

Nature of t ransactions:

1) Payment to Key Management Personnel

Remuneration to Sumita Ghose

2) Sales

Fabindia Overseas Private Limited

3) Advance Received


Sumita Ghose

4) Advance Paid Back


Sumita Ghose

5) Outstanding Payables


Sumita Ghose

6) Reimbursement of Expenses


Sumita Ghose

7) Interest Paid


8) Dividend Paid


Sumita Ghose

33,789,546.00

20,000,000.00

26,173,083.00

1,143,743.68

244,095.00

21,641.00

1,300,000.00

400,000.00

-

-

550,350.00

453,210.00

-

-

828,039.00

-

147,570.00

1,091,000.00

Amount In Lakh Rs .Amount In Lakh Rs.

1,091,000.00

3/31/20163/31/2017

19,285,291.00

352,549.00

167,761.00

17,000,000.00

7,000,000.00

9,289,826.00

90,925.00

No amount has been provided as doubtful debts or advances / written off or written back in the year in respect of debtsdue from / to above related party.

Amount in Rs.Amount in Rs.

31/3/2017 31/3/2016




NOTE 24 : OTHER ADDITIONAL NOTES / INFORMATION Contd

2016-17 2015-16

I Expenditure in Foreign Currency (on cash basis): - 178,880.00

J Earnings in Foreign Currency -

2. Others (Sale) - 528,539.54

K

L 28121.00 (Amount in Rs.)

Particulars Specified BankNotes Other Notes Total

233000.00 35098.00 268098.000.00 0.00

0.00 0.00233000.00 233000.00

0.00 80851.00 80851.00

Less :- Permissible Payments

Closing Balalnce as on 30/12/2016Less :- Bank Deposit

Figures of previous year have been shown in bracket.

Detail of Specif ied Bank Notes dealing during demonetisat ion

Opening Balalnce as on 08/11/2016

Add :- Permissible Receipts

Signatures to the Notes to the Financial Statements which form an integral part of these Financial Statements.

This is the statement of Profit & Loss Account referred to in our report of even date

For Daiya Tiwari & SoniChartered Accountants


Place:DelhiDate: 24/06/2017





Amount in Rs.


FORM NO. SH-13NOMINATION FORM

[Pursuant to section 72 of the Companies Act, 2013 and rule 19(1) of the Companies (Share Capital and Debentures) Rules 2014]

To Rangsutra Crafts India LimitedA-39, Karni Nagar, Lalgarh,Bikaner-334001,Rajasthan

I/We ___________________________ the holder(s) of the securities particulars of which are given hereunder wish to make nomination and do hereby nominate the following persons in whom shall vest, all the rights in respect of suchsecurities in the event of my/our death.

(1) PARTICULARS OF THE SECURITIES (in respect of which nomination is being made)

(2) PARTICULARS OF NOMINEE/S-

(3) IN CASE NOMINEE IS A MINOR

(4) PARTICULARS OF NOMINEE IN CASE MINOR NOMINEE DIES BEFORE ATTAINING AGE OF MAJORITY

Name:Address:Name of the Security Holder (s): …………………………Signature: …………………………………………………..Witness with Name and Address:…………………………

Nature of Securities Folio No. No. of Securities Certificate No. Distinctive No.

(a)(b)(c)(d)(e)(f)(g)(h)

(a)(b)(c)(d)(e)(f)(g)(h)(i)

(a)(b)(c)(d)

NameDate of BirthFather's/Mother's/Spouse's nameOccupationNationalityAddressE-mail idRelationship with the security holder

NameDate of BirthFather's/Mother's/Spouse's nameOccupationNationalityAddressE-mail idRelationship with the security holderRelationship with the minor nominee

Date of birthDate of attaining majorityName of GuardianAddress of Guardian


Please fill this Nomination form in Duplicate after carefully reading the instruction given below:

1. The Nomination can be made by individual's only holdings shares singly or jointly. Non- individuals includingSociety, Trust, Body Corporate, Partnership firm, Karta of Hindu Undivided Family and Power of Attorney holdercannot nominate.

2. The nominee shall not be a Trust, Society, Body Corporate, Partnership firm, Karta of Hindu Undivided Family andpower of attorney holder.

3. The share holder[s] can nominate a minor as a nominee and in that event, the name and address of the guardianshall be provided.

4. As per section 72 of Companies Act 2013, if the shares are held by more than one person jointly, then the jointholders may together nominate a person to whom all the rights in the shares of the Company shall vest, in theevent of death of all the joint holders.

5. If the shares are held jointly, subsequent to the death of anyone of the holders, the shares would not be registeredin favour of the nominee but would be transferred in the name of the surviving shareholders.

6. Nomination stands cancelled whenever the shares in the given folio are transferred/ dematerialized. Also in caseof change in folio due to consolidation/ transmission a new nomination has to be filed.

7. The nomination made through Form No. SH-13 will be considered valid if the nomination made by the holder[s] ofthe shares is registered with the company before the death of the registered holder[s] of the shares.

8. Kindly note that the nomination being a legal document should be dated by the nominator and the witness shouldcertify that the nominator has signed the form in their presence. Furthermore the date of execution on theNomination Form should match with the date of witness, witnessing the document.

9. Affixing photograph of the Nominee is not mandatory and if affixed the nominee should sign across thephotograph.

FOR OFFICE USE ONLY

Nomination Registration No. Date of Registration Signature of Shareholder


FORM NO. SH-14Cancellation or Variation of Nomination

[Pursuant to sub-section(3) of section 72 of the Companies Act, 2013 and rule 19(9) of the Companies (Share Capital and Debentures) Rules 2014]


I/We hereby cancel the nomination(s) made by me/us in favour of______________________________ (name and address ofnominee) in respect of the below mentioned securities.

OrI/We hereby nominate the following person in place of ______________________________as nominee in respect of thebelow mentioned securities in whom shall vest all rights in respect of such securities in the event of my/our death.

(1) PARTICULARS OF THE SECURITIES (in respect of which nomination is being cancelled/varied)

(2) (a) PARTICULARS OF NEW NOMINEE:

(b) IN CASE NEW NOMINEE IS A MINOR-

(3) PARTICULARS OF NOMINEE IN CASE MINOR NOMINEE DIES BEFORE ATTAINING AGE OF MAJORITY

Nature of Securities Folio No. No. of Securities Certificate No. Distinctive No.

(I)(ii)(iii)(iv)(v)(vi)(vii)(viii)

NameDate of BirthFather's/Mother's/Spouse's nameOccupationNationalityAddressE-mail idRelationship with the security holder

(I)(ii)(iii)(iv)(v)(vi)(vii)(viii)(ix)

NameDate of BirthFather's/Mother's/Spouse's nameOccupationNationalityAddressE-mail idRelationship with the security holderRelationship with the minor nominee

(I)(ii)(iii)(iv)

Date of birthDate of attaining majorityName of GuardianAddress of Guardian

Name:Address:Name of the Security Holder (s): …………………………Witness with name and address:………………………..

Signature: …………………………………………………..


FORM NO. MGT-11PROXY FORM

[Pursuant to Section 105(6) of the Companies Act, 2013 and Rule 19(3) of the Companies (Management and Administration) Rules, 2014]

Name of the Member (s) : ..........................................................................................................Registered Address : ..........................................................................................................E-mail Id : ..........................................................................................................Folio No/ *Client Id : ..........................................................................................................DP ID* : ..........................................................................................................

*Applicable for members holding shares in electronic form

I/We, being the member(s) of ___________________________________________Shares of above namedCompany, hereby appoint

1. Name:___________________________________ E-mail Id:__________________________________

Address: __________________________________________________________________________

__________________________________________________________________________________

Signature: _________________________________________________________________________

or failing him/her

2. Name:____________________________________ _E-mail Id:________________________________

Address: __________________________________________________________________________

__________________________________________________________________________________

Signature: _________________________________________________________________________

or failing him/her

3. Name:____________________________________ _E-mail Id:________________________________

Address: __________________________________________________________________________

Signature: _________________________________________________________________________

thas my/our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the 11 Annual General Meetingthof the Company to be held on Saturday on 16 day of September, 2017 at 11:00 a.m. at Plot No. 118, Near PHed

Water Tank, Rani Bazar Industrial Area, Bikaner-334001, Rajasthan and at any adjournment thereof in respect ofsuch resolutions as are indicated below:


ResolutionNumber

Resolution **Vote (Optional see Note 2)(Please mention No. of Shares)

For Against Abstain

Ordinary Business

Adoption of Financial Statements, report of the Board ofDirectors and Auditors and Auditors Report

stthereon for the Financial Year ended 31 March, 2017

1.

2.

3.

4.

Appoint a Director in place of Ms. Petronella Celestine Tacoma(DIN: 05216821), who retires by rotation and being eligibleoffers himself for re-appointment.

Ratification of the appointment of Statutory Auditors

Special Business

Amendment in Article of Association

Signed this.............. day of .................... 2017.

Signature of Shareholder _______________

Signature of Proxy Holder(s) _____________

AffixRs. 1/-Stamp

Revenue

Notes:

(1) This form of proxy in order to be effective should be duly completed and deposited at the Registered Office of the Company not less than 48 hours before the commencement of the meeting.

(2) **This is only optional. Please put a tick ( ) in the appropriate column against the resolutions indicated in theBox. If you leave the 'For' or 'Against' or 'Abstain' column blank against any or all the resolutions, your Proxywill be entitled to vote in the manner as he/she thinks appropriate.

(3) Appointing a proxy does not prevent a member from attending the meeting in person if he/she so wishes.


ATTENDANCE SLIPTH th11 ANNUAL GENERAL MEETING – 16 Day of September 2017

thI/We _________________________________ hereby record my/our presence at the 11 Annual GeneralMeeting of the Company held on Saturday, the 16th day of September 2017 at at 11:00 A.M. at Plot No.118, Near PHed Water Tank, Rani Bazar Industrial Area, Bikaner-334001, Rajasthan

Signature of the member(s)/Proxy holder(s)

Notes:1. Members/Proxy holders are requested to bring the duly signed original attendance slip to

the meeting and hand it over at the entrance.2. For the convenience of members, persons other than members/proxies will not be

admitted.

.

EVEN (Remote e-votingEvent Number) USER ID PASSWORD/PIN

106543

Folio No.No. of SharesFull Name of Member/Proxy (in Block Letters)Address of Member


CONSENT FOR RECEIVING DOCUMENTS IN ELECTRONIC MODEst th(Pursuant to circular Nos. 17/2011 dated 21 April, 2011 and 18/11 dated 29 April, 2011)


Dear Madam,

I/We shareholder(s) of Rangsutra Crafts India Limited (“the Company”), agree to receive all notices and documentsincluding the Annual Report, Notice for General Meeting and other Shareholders Communication, being sent by theCompany from time to time, in electronic mode (through e-mail).

I/We request you to kindly register my/our below mentioned email id in the Company's records for sendingsuch communication through e-mail.

Folio No……………………………………..

Name of the Sole/First Shareholder:……………………………………………………………………………………….

Name of the Joint Shareholder (if any):…………………………………………………………………………………….

No. of Shares held:…………………………………………………………………………………………………………….

E-mail id for receipt of documents in electronic mode:……………………………………………………………..

Date Signature:……………………………………………………Place : (Sole/First Shareholder)

Note: Shareholders are requested to inform the Company as and when there is change in their registered email ID.

Folio No.________________ No. of Shares held______________

Name of the Shareholder:…………………………………………………………………………………………………………………………………….

Address:………………………………………………………………………………………………………………………………………………………………..

………………………………………………………………………………………………………………………………………………………………………………

Permanent Account Number (PAN):………………………….Contact No:…………………………Email:…………………………………….. *Bank Account No:……………………………………….Account Type:………………………….IFSC………………………………………………

Name and Address of the Bank:…………………………………………………………………………………………………………………………….

………………………………………………………………………………………………………………………………………………………………………………

FORM FOR UPDATION OF MEMBERS DETAILS

*Required for payment of dividend


Rangsutra