Key Financial Figures

  • Sales: ₹0.00 for FY21 (Previous Year: ₹0.00)
  • Other Income: ₹0.00 for FY21 (Previous Year: ₹0.00)
  • Total Expenses: ₹2,43,983.69 for FY21 (Previous Year: ₹1,00,552.10)
  • Profit/(Loss) Before Tax: (₹2,43,983.69) for FY21 (Previous Year: (₹1,00,552.10))
  • Profit/(Loss) After Tax: (₹2,43,983.69) for FY21 (Previous Year: (₹1,00,552.10))
  • Earnings Per Share (EPS): Basic and Diluted EPS were both -₹0.05 for FY21 (Previous Year: -₹0.05)
  • Transfer to Reserves: The loss of ₹2,43,983.69 was debited to the Reserves and Surplus Account.
  • Dividend: No dividend was recommended for the year ended March 31, 2021.

Operational & Strategic Update

The company has been non-functional for the last few years with no business activity, resulting in zero revenue. All expenses incurred are debited to the Profit and Loss Account. The management states it is continuously looking for avenues for future growth and is hopeful of bringing operations back on track with a strategic investor.

Corporate Governance & Compliance

  • Board of Directors: Mr. Vishal Garg (Managing Director), Mr. Vivek Garg (Wholetime Director), Mr. Rajiv Garg (Director), Mr. Brij Raj Kumar (Director).
  • Board Meetings: 7 meetings were held during FY21.
  • Statutory Auditors: M/s P.D. AGRWAL and Company, Chartered Accountants (Firm Regn No. 001049C) were appointed until the conclusion of the 34th AGM. Their remuneration for FY22 is to be mutually agreed upon, plus GST and out-of-pocket expenses.
  • Company Secretary & Compliance Officer: Mr. Sushil Kumar Gupta (Company Secretary), Mr. Vishal Garg (Compliance Officer).
  • Vigil Mechanism: A Whistle Blower Policy is established.
  • Corporate Social Responsibility (CSR): Not applicable to the company.
  • Internal Financial Controls: Deemed adequate and operating effectively.
  • Related Party Transactions: No material related party transactions were entered into during the year. Form AOC-2 is attached and states 'N.A.'.
  • Loans, Guarantees, Investments: No transactions under Section 186 of the Companies Act, 2013.

Annual General Meeting (AGM)

The 31st Annual General Meeting is scheduled for Tuesday, November 30, 2021, at 11:00 A.M. at the Registered Office in Kanpur. The meeting was granted an extension by the Registrar of Companies, Uttar Pradesh, vide order No. 09/02/Order/AGM Extn./2021/1488 dated September 23, 2021, due to the COVID-19 pandemic.

Business to be Transacted:

1. Adoption of audited financial statements for FY21.

2. Reappointment of Mr. Brij Raj Kumar (DIN: 02069498), who retires by rotation.

3. Appointment of M/s P.D. AGRWAL and Company as Statutory Auditors for a term of 5 years.