The directors submit the 16^th annual report of Crane Infrastructure Limited along with the audited financial
statements for the financial year ended March 31, 2024.

STANDALONE FINANCIAL RESULTS:

Dividend

The management wants that the profits earned
during the financial year will be retained and
redeployed for the operations of the Company. As
the Company needs further funds to enhance its
business operations, upgrade the efficiency. No
dividend is being recommended by the Directors
for the Financial Year 2023-24.

Transfer to reserves

The Company proposes to retain an amount of
Rs. 144.97 lakhs in the profit and loss account.

Share Capital

The paid up Equity Share Capital as on 31st
March, 2024 was Rs. 7,24,20,000. The Company
has not issued shares with differential voting rights
nor granted stock options nor sweat equity.

Company's performance

During the Year under review revenue from
operations for the financial year 2023-24 was
353.11 and for the previous financial year 2022¬
23 it was Rs.102.94 lakhs and it was increased by
243 % over the previous financial year due to sale
of the land inventory. Profit Before tax (PBT) for
the financial year 2023-24 was Rs.187.13 Lakhs
and for the previous financial year 2022-23 it was
52.46, it was increased by 256.7 % over last year
Profit After tax (PAT) for the financial year 2023¬
24 was Rs.144.97 Lakhs and it was 39.20 for the
previous financial year 2022-23,it was increased
by 269.82 % over the last year.

Opportunities & Industry out Look

The real estate is the second largest employer after
agriculture and is slated to grow at 30% over the
next decade. The real estate sector comprises of
four sub sectors - housing, retail, hospitality, and
commercial. The growth of this sector is well
complemented by the growth of the corporate
environment and the demand for office space as
well as urban and semi-urban accommodations.

The construction industry ranks third among the
14 major sectors in terms of direct, indirect and
induced effects in all sectors of the economy. The
global warehousing and storage industry has
witnessed significant growth during the last five
years. The Indian warehousing industry is set to
grow at a CAGR of 8%—10% and modern
warehousing at 25%- 30% over the next 5 years
due to various factors including the anticipated
increase in global demand, growth in organized
retail and increasing manufacturing activities,
presence of extremely affordable and desirable e-
commerce options and growth in international
trade. The Government of India along with the
governments of the respective states have taken
several initiatives to encourage the development
in the sector. The Smart City Project, where there
is a plan to build 100 smart cities, is a prime
opportunity for the real estate companies. While
Goods and Services Tax (GST) continues to
remain in a state where several loose ends still
need to be tied up, logistics companies - both
domestic and global, are not just bullish about the
sector but are actively making investment plans
for the coming fiscals as well. It may increase the
demand of hi-tech large modern Warehouses,
Logistics Parks etc. As India awaits policy reforms
to pick up speed, your Company firmly believes
that the demand for Real Estate & Warehousing
in India should remain strong in the medium to
long term.

Management Discussion & Analysis

A detailed Management Discussion and Analysis
forms part of this annual report, which is attached
to this Report in Annexure II

Extract Of the Annual Return

Pursuant to Section 92(3) read with Section 134(3)

(a) of the Act, the Annual Return as on March 31,
2024 is available on the company’s website on
https://craneinfrastructure.com

Directors’ responsibility statement

Pursuant to Section 134(5) of the Companies Act,
2013, the board of directors, to the best of their
knowledge and ability, confirm that:

i. in the preparation of the annual accounts, the
applicable accounting standards have been
followed and there are no material departures.

ii The directors had selected such accounting
policies and applied them consistently and made
judgments and estimates that are reasonable and
prudent so as to give a true and fair view of the
state of affairs of the Company at the end of the
financial year and of the profit of the Company
for that period;

iii. The directors had taken proper and sufficient
care for the maintenance of adequate accounting
records in accordance with the provisions of the
Act for safeguarding the assets of the Company
and for preventing and detecting fraud and other
irregularities;

iv. The directors had prepared the annual accounts
on a going concern basis;

v. The directors had laid down internal financial
controls to be followed by the Company and such
internal financial controls are adequate and
operating effectively.

vi. The directors had devised proper systems to
ensure compliance with the provisions of all
applicable laws and that such systems were
adequate and operating effectively.

Changes among Directors and key
managerial personnel

I. Re appointment of Mr.CH.V.S.S Kishore
Kumar (DIN: 01823606), whose office was liable
to retire by rotation at annual general meeting of
the company:

Mr.CH.V.S.S Kishore Kumar (DIN:
01823 606),director liable to retire by rotation

under the Articles of Association of the Company,
in 15^th Annual General Meeting and being eligible,
offer himself for reappointment as Director. The
Shareholders approved his re-appointment as a
Director of the company at 15^th Annual General
Meeting of the company held on 15.09.2023.

Directors Liable to Retire by Rotation In the
ensuing Annual General Meeting:

Sri Venkata Satya Lakshmi Kantha Rao.G (DIN:
01846224),director liable to retire by rotation in
ensuing Annual General Meeting being eligible,
offer himself for reappointment as a Director. The
Board recommends his re-appointment.

Independent Directors to be appointed in
ensuing AGM:

Subject to approval of shareholders at this ensuing
Annual General Meeting of the company, as per
the recommendation of the Nomination and
Remuneration Committee the Board has proposed
to appoint Sri Ragav Kaliappan (Din: 02185155)
as a Non-Executive independent Director of the
company for a period of five years w.e.f
29.08.2024 for the first term. The Board have
opinion that it is very much beneficial to the
company and therefore it is desirable to appoint
and avail his services as an Independent Director.
Accordingly, it is proposed to appoint Sri Ragav
Kaliappan (Din: 02185155) as a Non-Executive
Independent Director of the Company, not liable
to retire by rotation and to hold office with effect
from 29-08-2024 to 28-08-2029 for the first term
of 5 (five) consecutive years on the Board of the
Company.

Meetings of the Board

During the Financial year 2023-24 Four meetings
of the board were held on the following dates:
29-05-2023, 14-08-2023, 14-11-2023 and 12-02¬
2024 with a gap between not exceeding the period
of 120 days between any of the two meetings as
prescribed under the Act and all the members were

present at the above meetings, so the necessary
quorum was present for all the meetings.

Board evaluation

The board of directors has carried out an annual
evaluation of its own performance, Board
committees and Individual directors pursuant to
the provisions of the Act and the corporate
governance requirements as prescribed by
Securities and Exchange Board of India (“SEBI”)
under regulation 27 of the SEBI(LODR)
Regulations 2015.The performance of the Board
was evaluated by the Board after seeking inputs
from all the directors on the basis of the criteria
such as the Board composition and structure,
effectiveness of board processes, information and
functioning, etc. The performance of the
committees was evaluated by the board after
seeking inputs from the committee members on
the basis of the criteria such as the composition
of committees, effectiveness of committee
meetings, etc.

The Board and the Nomination and Remuneration
Committee reviewed the performance of the
individual directors on the basis of the criteria such
as the contribution of the individual director to
the Board and committee meetings like
preparedness on the issues to be discussed,
meaningful and constructive contribution and
inputs in meetings, etc. In addition, the Chairman
was also evaluated on the key aspects of his role.

In a separate meeting of independent Directors,
performance of non-independent directors,
performance of the board as a whole and
performance of the Chairman was evaluated,
taking into account the views of executive
directors and non-executive directors. The same
was discussed in the board meeting that followed
the meeting of the independent Directors, at which
the performance of the Board, its committees and
individual directors was also discussed.

vi. During the year two separate meetings of the
independent directors were held on 29-05-2022,
and 12-02-2024 inter-alia to review the
performance of non-independent directors and the
board as a whole.

vii. The Board periodically reviews compliance
reports of all laws applicable to the Company,
prepared by the Company.

Relationships between directors inter-se Except
the Two Independent Directors all the other
directors of the company are having relationship
with each other. i.e relatives.

i. Observations of Board evaluation carried out
for the year: Nil

ii. Previous Years observations and actions taken:
Nil

iii. Proposed actions based current year
Observations: Nil

Policy on directors’ appointment and
remuneration and other details

The current policy is to have an appropriate mix
of executive and independent directors to maintain
the independence of the Board, and separate its
functions of governance and management. As on
March 31, 2023, the Board consists of seven
members, three of them are independent directors.
The Board periodically evaluates the need for
change in its composition and size.

The policy of the Company on directors’
appointment and remuneration, including criteria
for determining qualifications, positive attributes,
independence of a director and other matters
provided under Sub-section (3) of section 178 of
the Companies Act, 2013, adopted by the Board
is recommended by the Nomination and
Remuneration Committee. We affirm that the
remuneration paid to the directors is as per the
terms laid out in the nomination and remuneration
policy of the Company.

A. Brief description of terms of reference

The Terms of Reference of this committee cover
the matters specified for Audit Committee under
Section 177 of the Companies Act,
2013SEBI(LODR) Regulations 2015 and as
follows:

a. Oversight of the Company’s financial
reporting process and the disclosure of its
financial information to ensure that the
financial statement is correct, sufficient
and credible.

b. Recommending the appointment and
removal of external auditor, fixation of
audit fee and also approval for payment
for any other services.

c. Reviewing with management the annual
financial statements before submission to
the Board, focusing primarily on:

> Any changes in accounting policies
and practices

> Major accounting entries based on
exercise of judgment by management

> Qualifications in draft Auditors ’ Report

> Significant adjustments arising out of
audit

> The going concern assumption

> Compliance with stock exchange and
legal requirements concerning
financial statements

> Any related party transactions i.e.
transactions of the company of
material nature, with promoters or the
management, their subsidiaries or
relatives etc., that may have potential
conflict with the interests of the
Company at large.

d. Reviewing the adequacy of internal audit

function, including the structure of the
internal audit department, staffing and
seniority of the official heading the
department, reporting structure coverage
and frequency of internal audit.

e. Discussion with internal auditors of any
significant findings and follow up there
on.

f. Reviewing the findings of any internal
investigations by the internal auditors into
matters where is suspected fraud or
irregularity or a failure of internal control
systems of a material nature and reporting
the matter to the board

g. Discussion with external auditors, before
the audit commences, the nature and
scope of audit as well as have post audit
discussion to ascertain any area of
concern.

h. Reviewing the Company’s financial and
risk management policies.

i. Reviewing with the management, external
and internal auditors, and the adequacy
of internal control systems.

j. Other matters as assigned/specified by the
Board from time to time.

k. The scope of the Audit Committee also
includes matters which are set out in SEBI
(LODR) Regulations 2015, read with
Section 177 of the Companies Act, 2013
and the rules made there under, as
amended from time to time.

B. Composition, Meetings and Attendance
during the year :

The Audit Committee comprises of total
three Non-Executive Directors in which two
are Independent Directors and one director
is non executive non independent director
(woman director).

1. Mr.Venkata Nageswara Rao.K (Chairman)

2. Mr. Santhi Kumar.N -Member

3. Mrs.M. Himaja- Member

The details of meetings and attendance of its
members are given below:

Four Audit committee meetings were held during
the year and the gap between two meetings had
not exceeded 120 days. The dates on which the
said meetings were held on 29-05-2023, 14-08¬
2023, 14-11-2023 and 12-02-2024.The necessary
quorum was present for all the meetings

Nomination and Remuneration Committee:

(a) Terms of Reference

The Company had constituted the Nomination and
Remuneration Committee under Section 178 of
the Companies Act, 2013

The broad terms of reference are to determine and
recommend to Board, Compensation payable to
Executive Directors, appraisal of the performance
of the Managing Directors / Whole-time Directors
and to determine and advise the Board for the

payment of annual commission/compensation to
the Non-Executive Director and to recommend to
the Board appointment/ reappointment and
removal of Directors. To frame criteria for
determining qualifications, positive attributes and
Independence of Directors and to create an
evaluation framework for Independent Directors
and the Board. The scope of the Committee also
includes matters which are set out in SEBI
(LODR) Regulations 2015 and the rules made
there under, as amended from time to time

(b) Composition, Meetings and Attendance
during the year

The Nomination and Remuneration Committee
comprises of total three Non-Executive Directors
in which two are Independent Directors and one
director is non executive non independent director
(woman director).

The committee comprises as follows:

1. Mr.Venkata Nageswara Rao.K (Chairman)

2. Mr. Santhi Kumar.N -Member

3. Mrs.M. Himaja- Member

The details of meetings and attendance of its
members are given below:

Four Nomination and remuneration committee
meetings were held during the year and the gap
between two meetings had not exceeded 120 days.
The dates on which the said meetings were held
on 29-05-2023, 14-08-2023, 14-11-2023 and
12-02-2024.The necessary quorum was present
for all the meetings.

(c) Selection and Evaluation of Directors:

The Board has based on recommendations of the
Nomination and Remuneration Committee, laid
down following policies:

1. Policy for Determining Qualifications, Positive
Attributes and Independence of a Director

2. Policy for Board & Independent Directors’
Evaluation

(d) Performance Evaluation of Board,
Committees and Directors

Based on the criteria laid down in the Policy for
evaluation of Board and Independent Directors,
the Board carried out the annual performance
evaluation of Board Committees and the
Independent Directors, whereas at a separate
meeting, Independent Directors evaluated the
performance of Executive Directors, Board as a
whole and of the Chairman. Nomination and
Remuneration Committee also evaluated
individual directors’ performance.

i) As per the said Policy, evaluation criteria for
evaluation Board inter alia covers: Composition
in light of business complexities and statutory
requirements; establishment of vision, mission,
objectives and values for the Company; laying
down strategic road map for the Company &
annual plans; growth attained by the Company;
providing leadership and directions to the
Company and employees; effectiveness in
ensuring statutory compliances and discharging
its duties / responsibilities towards all
stakeholders; Identification, monitoring &
mitigation of significant corporate risks;

composition of various committees, laying down
terms of reference and reviewing committee’s
working etc.

ii) Performance evaluation criteria for Executive
Directors inter alia include: level of skill,
knowledge and core competence; performance and
achievement vis-a-vis budget and operating plans;
Effectiveness towards ensuring statutory
compliances; discharging duties/responsibilities
towards all stakeholders; reviewing/monitoring
Executive management performance, adherence
to ethical standards of integrity & probity;
employment of strategic perception and business
acumen in critical matters etc.

iii) Performance of Independent Directors is
evaluated based on: objectivity & constructively
while exercising duties; providing independent
judgment on strategy, performance, risk
management and Board’s deliberations; devotion
of sufficient time for informed decision making;
exercising duties in bona fide manner;
safeguarding interests of all stakeholders,
particularly minority shareholders; upholding
ethical standards of integrity & probity; updating
knowledge of the Company & its external
environment etc

iv) Committees of the Board are evaluated for their
performance based on: effectiveness in
discharging duties and functions conferred; setting
up and implementation of various policies,
procedures and plans, effective use of
Committee’s powers as per terms of reference,
periodicity of meetings, attendance and
participation of committee members; providing
strategic guidance to the Board on various matters
coming under committee’s purview etc

(e) Remuneration Policy for Directors:

The Committee has formulated Policy for
Remuneration of Directors, KMP & other
employees. As per the Policy, remuneration to
Non-executive Independent Directors includes:

a. Sitting Fees for attending meetings of the
Board as well as Committees of the Board,
as decided by the Board within the limits
prescribed under the Companies Act.

b. Travelling and other expenses they incur for
attending to the Company’s affairs, including
attending Committee and Board Meetings of
the Company.

• Remuneration to Executive Directors:

The appointment and remuneration of Executive
Directors including Managing Director, Joint
Managing Director and Whole Time Director is
governed by the recommendation of the
Remuneration and Nomination Committee,
resolutions passed by the Board of Directors and
Shareholders of the Company. The remuneration
package of Managing Director, Joint Managing
Director and Whole Time Director comprises of
salary, perquisites, allowances and other
retirement benefits as approved by the
shareholders at the General Meetings of the
Company.

• Remuneration to Non-Executive Directors:

The Non-Executive Directors are paid
remuneration by way of Sitting Fees. The Non
Executive Directors are paid sitting fees for each
meeting of the Board and Committee of Directors
attended by them.

Stakeholders’ Relationship Committee:

The Company has a stakeholders’ relationship
committee of directors to look into the redressal
of complaints of investors.

i. The stakeholder’s relationship committee
of the Company is constituted in line with
the provisions of read with Section 178 of
the Companies Act and Regulation 20 of
the SEBI (LODR) Regulations 2015.

Composition, Meetings and Attendance during
the year

The Committee comprises of total three Non¬
Executive Directors in which two are Independent
Directors and one director is non-executive non
independent director (woman director).

The committee comprises as follows:

1. Mr.Venkata Nageswara Rao.K (Chairman)

2. Mr. Santhi Kumar.N -Member

3. Mrs.M. Himaja- Member

The details of meetings and attendance of its
members are given below:

Eight Stake Holders Relationship Committee
meetings were held during the year and the gap
between two meetings had not exceeded 120 days.
The dates on which the said meetings were held
on 29-05-2023,14-08-2023,14-11-2023,27-11¬
2023,12-02-2024,16-02-2024,28-02-2024, and
20-03-2024. The necessary quorum was present
for all the meetings.

Particulars of Employees and Related
Disclosures

The information required under Section 197 of
the Act read with rule 5(1) of the Companies
(Appointment and Remuneration of Managerial
Personnel) Rules, 2014 are given below

a. The ratio of the remuneration of each director
to the median remuneration of the employees of
the Company for the financial year: NIL

During the financial year 2023-24 The Company
has not paid any remuneration to Non- Executive
Directors

b. The percentage increase in remuneration of each
director, chief executive officer, chief financial
officer, company secretary in the financial year:
8.69%

c. The percentage increase in the median
remuneration of employees in the financial year:
Nil

d. The number of permanent employees on the
rolls of Company: 1

e. Average percentile increase already made in the
salaries of employees other than the managerial
personnel in the last financial year and its
comparison with the percentile increase in the
managerial remuneration and justification thereof
and point out if there are any exceptional
circumstances for increase in the managerial
remuneration: Nil

Revenue Rs.355.39 Lakhs

Remuneration of KMPs as a percentage of
revenue: 0.84%

f. Variations in the market capitalization of the
Company, price earnings ratio as at the closing
date of the current financial year and previous
financial year:

Increase in the managerial remuneration for the
year was: 8.69%

There were no exceptional circumstances for
increase in the managerial remuneration

g. Comparison of each remuneration of the key
managerial personnel against the Performance of
the Company:

where details of familiarisation programmes
imparted to independent directors is disclosed:
https://craneinfrastructure.com

Meetings of the Independent Directors

During the year under review, two meetings of
independent directors were held on 29-05-2023,
and 12-02-2024 in compliance with the
requirements of schedule IV of the companies act,
2013.The Independent Directors at the meeting,
inter alia, reviewed the Performance of Non¬
Independent Directors and Board as a whole.
Performance of the Chairperson of the Company,
taking into account the views of Managing
Director and Non-Executive Directors and
Assessed the quality, quantity and timeliness of
flow of information between the Company
Management and the Board that is necessary for
the Board to effectively and reasonably perform
their duties.

Auditors

Pursuant to the provisions of Section 139 of the
Act and the rules framed there under M/s.
Pundarikakshyam & Associates (ICAI
Registration No.0011330S)., Chartered
Accountants, as statutory auditors of the company
for a period of five consecutive years from the
conclusion of 13^th annual general meeting of the
company held on 3 0-09-2021 ,till the conclusion
of 18^th annual general meeting to be held in the
year 2026,for this the share holders of the
company had given their consent by way ordinary
resolution in the annual general meeting held on
30-09-2021.

In accordance with the Companies Amendment
Act, 2017, enforced on 7th May, 2018 by the
Ministry of Corporate Affairs, the appointment of
Statutory Auditors is not required to be ratified at
every Annual General Meeting. The Report given
by the Auditors on the financial statement of the
Company is part of this Report.

Auditors report

There has been no qualification, reservation,
adverse remark or disclaimer given by the Auditors
in their Report. Auditors report is given as an
Annexure- V which forms part of this report.

The statutory auditors of the company have not
reported any fraud as specified under the second
provision of section 143(12) of the companies act
2013 (including any statutory modification(S) or
re-enactment(S) for the time being in force.

Secretarial Auditors

Pursuant to provisions of Section 204 of the
Companies Act, 2013 read with Rule 9 of the
Companies (Appointment and Remuneration of
Managerial Personnel) Rules 2014, your
Company engaged the services of M/s. K.
Srinivasa Rao& Nagaraju Associates; Company
Secretaries in Practice, Vijayawada has conducted
the Secretarial Audit of the Company for the
financial year ended March 31, 2024.

Secretarial Audit Report:

The detailed reports on the Secretarial Audit in
Form MR- 3 are appended as an Annexure VI to
this Report. There were no qualifications,
reservations or adverse remarks given by
Secretarial Auditors of the Company. Except the
following:

The Company has disclosed the Audited
Financial Results For The 4Th Quarter Period/
Financial Year Period Ended On 31-03-2023
for the F.Y2022-23 to the stock exchange with
delay of 2minutes and The Company has
disclosed the un Audited Financial Results For
The 1^St Quarter Period Ended On 30-06-2023
For The F.Y 2023-24 to the stock exchange
with delay of 8 minutes.

Clarifications if any on Secretarial Audit report
or annual secretarial compliance report:

The Board clarified that the delay in disclosing
of the Audited Financial Results For The 4Th

Quarter Period/Financial Year Period Ended
On 31-03-2023 for the F.Y2022-23 to the stock
exchange with delay of 2minutes on the 29-05¬
2023 was not intentional and the reason for
delay was happened due to the major
electrification works were being carried out by
the electricity department on the day of board
meeting and also due to the delay of OTP’s to
the mobile as well as Email from BSE to file
the same and also the delay in disclosing the
un Audited Financial Results For The 1^St
Quarter Period Ended On 30-06-2023 For The
F.Y 2023-24 to the stock exchange with delay
of 8 minutes on the 14-08-2023 was due to the
delay of OTP’s to the mobile as well as Email
from BSE to file the same and it is bring to
your notice that the all the reasons were
conveyed to the exchange.

Cost Audit

Cost Audit is not applicable to the Company for
the Financial Year 2023-24.

Risk management

The Board of the Company has formed a risk
management committee to frame, implement and
monitor the risk management plan for the
Company. The committee is responsible for
reviewing the risk management plan and ensuring
its effectiveness. The audit committee has
additional oversight in the area of financial risks
and controls. Major risks identified by the
businesses and functions are systematically
addressed through mitigating actions on a
continuing basis. The development and
implementation of risk management policy has
been covered in the management discussion and
analysis, which forms part of this report.

Particulars of loans, guarantees and
investments

There were no loans, guarantees and investments
made during the financial year.

Transactions with related parties

None of the transactions with related parties falls
under the scope of Section 188(1) of the Act.
Information on transactions with related parties
pursuant to Section 134(3)(h) of the Act read with
rule 8(2) of the Companies(Accounts) Rules, 2014
are given in Annexure I in Form AOC-2 and the
same forms part of this report.

Corporate social responsibility

Your Directors are pleased to inform that the
provisions of section 135 of the Act, read with
Companies (Corporate Social Responsibility
Policy) Rules, 2014 are not applicable to the
Company.

Deposits from public

The Company has not accepted any deposits from
public and as such, no amount on account of
principal or interest on deposits from public was
outstanding as on the date of the balance sheet.

Un-secured loans taken from the Directors

During the year the company has not received any
un- secured loans from the directors.

Internal financial control systems and their
adequacy

Based on the framework of internal financial
controls and compliance systems established and
maintained by the Company, work performed by
the internal, statutory and secretarial auditors and
external consultants and the reviews performed
by management and the relevant board
committees, including the audit committee, the
board is of the opinion that the Company’s internal
financial controls were adequate and effective
during the financial year 2023-24.

Conservation of energy, technology absorption,
foreign exchange earnings and outgo
Conservation of energy:

CIL continues to work on reducing carbon
footprint in all its areas of operations through
initiatives like

(a) green infrastructure

(b) Procurement of renewable energy through
onsite solar power generating units. CIL continues
to add LEED certified green buildings to its real
estate portfolio, but during the year no
Procurement of renewable energy through onsite
solar power generating units were made.

Technology absorption, adaption and
innovation:

The Company endeavour’s to adopt the using of
latest technologies for improving the productivity
and quality of its services, but during the year no
new technology absorption, adaption and
innovation was made.

Foreign exchange earnings and outgo

Foreign exchange earnings and outgo Export in
financial year 2023-24: Nil

Material changes and commitments, if any,
affecting the financial position of the company
which have occurred between the end of the
financial year of the company to which the
financial statements relate and the date of the
report:

No material changes and commitments affecting
the financial position of the Company occurred
between the end of the financial year to which
this financial statements relate on the date of this
report.

Significant and material orders passed by the
regulators or courts or tribunals impacting the
going concern status of the company.

There are no significant and material orders passed
by the Regulators or Courts or Tribunals which
would impact the going concern status of the
Company

Prevention of Sexual Harassment of Women
at Workplace

Your directors confirm that the company has

adopted a policy regarding the prevention of
sexual harassment of women at work place and
has constituted Internal Complaints Committees
(ICC) asper the requirement of The Sexual
Harassment of Women at Workplace (Prevention,
Prohibition & Redressal) Act, 2013 (‘Act’) and
Rules made there under, your Company.

(i) number of complaints filed during the
financial year; Nil

(ii) number of complaints disposed of during the
financial year; Nil

(iii) number of complaints pending as at the end
of the financial year: Nil

Human resources

Your Company treats its “human resources” as one
of its most important assets. Your Company
continuously invests in attraction, retention and
development of talent on an ongoing basis. A
number of programs that provide focused people
attention are currently underway. Your Company
thrust is on the promotion of talent internally
through job rotation and job enlargement.

Report on Corporate Governance

Your Directors are pleased to inform that as per
SEBI Amended Circular No. CIR/CFD/POLICY
CELL/7/2014 dated September 15, 2014,
compliance with the provisions of Corporate
Governance was not be mandatory for the
Company for the financial year 2023-24.

Vigil Mechanism

The company had set up vigil mechanism to enable
the employees and directors to report genuine
concerns and irregularities, if any in the company,
noticed by them. The Whistle Blower Policy/ vigil
mechanism (as amended) has been posted on the
Website of the Company (https://
craneinfrastructure.com) and also given as
Annexure III in this report.

Transfer of Amounts to Investor Education and Protection Fund

Your Company did not have any funds lying unpaid or unclaimed for a period of seven years. Therefore there
were no funds which were required to be transferred to Investor Education and Protection Fund (IEPF).

Details of Demat suspense account and unclaimed suspense account: Nil

Acknowledgement

The directors thank the Company’s employees, customers, vendors, investors and academic institutions
for their Continuous support. The directors also thank the government of various countries, government
of India, the governments of various states in India and concerned government departments / agencies
for their co-operation. The directors appreciate and value the contributions made by every member of
the Crane Infrastructure Limited

For and on behalf of the board of
Crane Infrastructure Limited

^ Sd/- Sd/-

Place : Guntur

Date : 30.05.2024 ^(KPrav“ⁿ⁾

Independent Director Executive Director

(DIN: 01846243) (Din: 07143744)