Arohan Annual Report FY 20-21

We further report that: a) The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent Directors. There is no change in composition of the Board of Directors during the period under review. b) Adequate notice is given to all Directors to schedule the Board Meetings, Agenda and detailed notes on agenda were sent at least seven days in advance, and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting. c) Majority decision of the Board and Committee Meetings are carried through, while the dissenting members’ views, if any are captured and recorded as part of the minutes. On the basis of information provided to us, we further report that there are adequate systems and processes in the Company commensurate with the size and operations of the Company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines. On the basis of information provided to us, we further report the Company has during the audit period ending on March 31, 2021:- • Issued and allotted 8,50,000 nos. (Eight Lacs Fifty Thousand) of equity shares of the Company through Private Placement at INR 10/- at a premium of INR 160/- each on 12.08.2020; • Issued and allotted 69,58,899 nos. (Sixty Nine Lacs Fifty Eight Thousand Eight Hundred Ninety Nine ) of Equity shares of the Company through Private Placement at INR 10/- at a premium of INR 200/- each on 10.02.2021; • Issued and allotted 20,47,430 nos. (Twenty Lacs Forty Seven Thousand four hundred Thirty ) of Equity shares of the Company through Private Placement at INR 10/- at a premium of INR 200/- each on 11.02.2021. The Fraud cases which have been reported to us were also noted in the Minutes of the Board Meeting for which necessary actions are taken by the Company. This report is to be read with our letter on even date which is annexed as Annexure A and forms an integral part of this report. For S Basu& Associates Company Secretaries Firm Registration No : S2017WB456500 Place: Kolkata Date: 03.06.2021 Saurabh Basu Practising Company Secretary ACS: - 18686; C.P.- 14347 Peer Review No : 1017/2020 UDIN: A018686C000416292 Board of Director’s Report 93