Scrutinizer for E-voting: Shri Anand Khandelia, Practicing Company Secretary (CP No.: FCS 5803).
Registrar & Share Transfer Agent: S.K. Infosolutions Pvt. Ltd.
Bankers: HDFC Bank, Axis Bank.
Internal Auditor: M/s KBDS & CO, Chartered Accountants.
Secretarial Auditor: Mr. Anand Khandelia, Practicing Company Secretary.
Board of Directors:
Mr. Arun Kumar Agarwalla (Managing Director, DIN:00607272)
Mrs. Sudha Agarwalla (Director, DIN:00938365)
Mr. Sandeep Kumar Pareek (Director, DIN:00607092) - Retiring by rotation.
Mr. Anuj Kumar Modi (Director, DIN: Not in data)
Mr. Mohit Gaddhyan (Director, DIN: Not in data)
Mrs. Nidhi Agarwalla (Director, DIN:09004795)
Purpose & Rationale
The primary purpose of the document is to comply with SEBI LODR Regulation 34(1) by submitting the annual report and AGM notice to the stock exchanges.
The rationale for the change in auditor is the completion of the term of the outgoing auditor, M/s A.K. Meharia & Associates.
The rationale for not recommending a dividend is to conserve the company's cash resources due to the incurred loss.
Financial & Operational Impact
Explicitly Stated Impact: The company reported a significant net loss for the year, leading to a reduction in retained earnings. The decrease in revenue is attributed to a decrease in the fair value of investments.
Capital Structure Impact: No impact on share capital. The number of equity shares remained unchanged.
Cash Flow Implications: The loss and conservation of cash for operations imply a negative impact on retained cash flow. No dividend outflow.
Forward-looking Guidance
No explicit forward-looking guidance or financial projections are provided in the management discussion or director's report beyond stating the management is hopeful of achieving better results in the future.
Corporate Governance & Compliance
The company affirms compliance with applicable SEBI LODR regulations and the Companies Act, 2013.
A certificate of compliance with corporate governance norms is provided by the statutory auditors.
The secretarial audit report confirms compliance with key statutes, with no qualifications.
The auditor's report is unmodified.
No fraud was reported by the auditors.
No significant or material orders were passed by regulators or courts.
Other Material Details
Shareholding Pattern: Promoter holding is 54.88% (unchanged from previous year). Public holding is 45.12%.
Top Shareholders (Non-Promoter): Include Dhanverdhi Exports Ltd. (6.90%), Swagtam Distributors Pvt. Ltd. (4.94%), Windsor Mercantiles Pvt. Ltd. (4.93%).
Remuneration: Managing Director Mr. Arun Kumar Agarwalla received a salary of ₹120 lakh. Total managerial remuneration was within permissible limits.
CSR Activities: The company spent on areas like Mandir Seva, Gau Seva, Education, and Livelihood enhancement through implementing agencies.
Internal Financial Controls: The auditor's report states that the company has adequate internal financial controls over financial reporting.