Cityman Ltd Directors Report.

Your Directors have pleasure in presenting the 28th Annual Report together with audited statement of accounts for the year ended 31st March, 2020

WORKING RESULTS

(Amount in Rs)

Particulars 31-03-2020 31-03-2019
Sales - 40,635
Total Income - 40,635
Profit before Interest, Depreciation, Tax (32,78,077) (35,59,851)
Items -
Finance Cost -
Depreciation and Amortization Expenses - -
Profit(Loss) before Tax (32,78,077) (35,59,851)
Provision for Tax - -
Profit (loss) after Tax (32,78,077) (35,59,851)
Surplus Balance brought forward (254,489,710) (250,929,859)
Surplus Balance carried to Balance Sheet (257,767,787) (254,489,710)

RESULT OF OPERATIONS, THE STATE OF AFFAIRS AND FUTURE PLANS

The Company could not achieve much progress in the last year, with respect to the land at Panangad, Kerala. This was due to regulatory constraints which are yet to be resolved. Hence in the previous year there were no operations in the Company. As mentioned earlier the land has been lying as stock in trade. The Company hopes to resolve these issues in about two years and commence operations thereafter. The Company is also evaluating other Real Estate projects and hopes to commence some of them early.

DIVIDEND:

Since the Company could not generate any profits, your directors do not propose any dividend for the year under review DIRECTORS AND BOARD MEETING :

As on 31.03.2020, the Board consists of five directors , out of which three are independent directors and 2 promoter/ executive directors.

Santhosh Joseph Karimattom, retire at the ensuing Annual General Meeting and being eligible offer themselves for reappointment. Julian Santhosh, who was appointed as additional director also seeks reappointment at the ensuing Annual General Meeting .Resolution is also placed for seeking members approval for the reappointment of Santhosh Joseph Karimattom as Managing Director, for a period of five years.

The Compensation and Nomination & Remuneration Committee has recommended reappointment of both directors, who is eligible for re appointment.

The management follows the procedure as specified in the ACT and LODR for appointment and re appointment of directors . The assessment and appointment of members to the board is done as per the rules and regulations.

The details of Board and Committee meetings are given in the Corporate Governance Report which forms part of the Annual Report DIRECTORS RESPONSIBILITY STATEMENT.

Directors hereby affirm that:

i) In the preparation of the annual accounts, the applicable Accounting Standards have been followed along with proper explanation relating to material departures, if any.

ii) We have 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 loss of the Company for that period.

iii) We have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

iv) We have prepared the annual accounts on a going concern basis.

v) We have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively.

vi) We have devised proper systems to ensure compliance with the provisions of all applicable laws and that systems are adequate and operating effectively.

SUSTAINABILITY REPORTING

Even though your Company is fundamentally committed to sustainable business and it fully stands for the principles of National Voluntary Guidelines on Social, and Responsibilities of Business, Since the operations were scanty, no such reporting is being done.

CORPORATE GOVERNANCE AND COMPLIANCE CERTIFICATE:

The Company has complied with the requirements of Corporate Governance as stipulated under the Listing Regulations and accordingly, the Corporate Governance Report forms a part of this Annual Report.

BUSINESS RESPONSIBILITY REPORT

The clause Regulation 34(2)(f) of the Listing Regulations, the Business Responsibility Report of the Company for the year ended 31st March, 2020 is not applicable to the Company.

LISTING AGREEMENTS REQUIREMENTS:

The securities of your company are listed at BSE Limited, Mumbai

POLICY ON DIRECTORS, KMP & OTHER EMPLOYEES APPOINTMENT AND REMUNERATION

The Company has only three employees at present. The compensation is linked to the nature of job, skill and knowledge required to perform the given job in order to achieve Companys overall directive.

The Board has a remuneration policy in line with applicable rules and regulations. But its scope was very limited during the year under review, because the company has only very limited employees. None of the directors, including Managing Director was paid any remuneration, KMPs include Company Secretary and Chief Financial Officer.

DISCLOSURE OF REMUNERATION UNDER SECTION 197(12) OF THE COMPANIES ACT, 2013 READ WITH RULE 5(1) OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014

The information required under section 197 (12)of the Act read with rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are given below:

(1) (i) the ratio of the remuneration of each director to the median remuneration of the employees of the company for the financial year: The Directors are not paid any remuneration and so the ratio is not applicable

(ii) the percentage increase in remuneration of each director, Chief Financial Officer, Chief Executive Officer, Company Secretary or Manager, if any, in the financial year: There is no increase in remuneration of CFO and CS and directors are not paid any remuneration

(iii) the percentage increase in the median remuneration of employees in the financial year: NIL

(iv) the number of permanent employees on the rolls of company: Three

(v) 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; Not Applicable because there was no increase in the remuneration of employees, and managerial remuneration.

(vi) the key parameters for any variable component of remuneration availed by the directors; Not applicable because directors are not paid any remuneration.

(vii) We hereby affirm that the remuneration is as per the remuneration policy of the company.

(2) (a)Name of every employees of the Company, who-

(i) If employed throughout the financial year, was in receipt of remuneration for that year which, in the aggregate, was not less than one crore and two lakh: NIL

(ii) If employed for a part of the financial year, was in receipt of remuneration for any part of that year, at a rate which, in the aggregate, was not less than 8.5 lakh rupees per month: NIL

(iii) If employed throughout the financial year or part thereof, was in receipt of remuneration in that year which, in the aggregate, or as the case may be, at a rate which, in the aggregate, is in excess of that drawn by the managing director or whole-time director or manager and holds by himself or along with his spouse and dependent children, not less than two per cent of the equity shares of the company: NIL

AUDITORS

M/s NSVM & Associates, Chartered Accountants (Firm Registration Number 010072S) who are the Statutory Auditors of the Company have been appointed to hold office until the conclusion of the Thirtieth Annual General Meeting to be held in the year 2022.

PARTICULARS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

A Enerav Conservation

Steps taken or impact on conservation of energy Companys activities do not consume huge quantity of energy
Steps taken to utilize alternate source of energy Not applicable because not much energy is used for operation
Capital investment in energy conservation equipment NIL

B. Technology Absorption:

Effort made towards absorption of technology NA
Benefit derived like product improvement, cost reduction , product development or import substitution NIL
In the case of imported technology: a) The details of technology imported b) Year of Import c) Whether technology has been absorbed: Id) f not areas where absorption has taken place and reasons there of NA

C .Foreign Exchange Earnings & Outgo.

Particulars Amount(in Rs) for the current year Amount (in Rs) for the last year
Earnings Nil Nil
Out go Nil Nil

Other Disclosures

1. Extract of Annual Return relating to Financial Year to which the Boards Report relates, enclosed in format MGT 9. The same is available in the company web site www.citvman.co.in

2. There is no material changes / commitments affecting the financial position of the company occurring after the balance sheet date.

3. Even though the activities of the Company were very little and scope of implementation very limited during the year under review, company has developed Risk Management policy covering the following :

a) Financial risk management

The Company has a risk management policy which covers risks associated with the financial assets and liabilities. The risk management policy is approved by the Board of Directors. The focus of the risk management committee is to assess the unpredictability of the financial environment and to mitigate potential adverse effects on the financial performance of the Company.

b) Market risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Such changes in the values of financial instruments may result from changes in the foreign currency exchange rates, interest rates, credit, liquidity and other market changes. The Companys exposure to market risk is primarily on account of foreign currency exchange rate risk.

c) Foreign currency exchange rate risk

The fluctuation in foreign currency exchange rates may have potential impact on the statement of profit and loss and other comprehensive income and equity, where any transaction references more than one currency or where assets / liabilities are denominated in a currency other than the functional currency of the Company.

4. Company has adequate internal financial control mechanism supported with rules and procedures to be followed for each transactions/events Company has aligned its current systems of internal financial control with the requirement of Companies Act 2013. The Internal Control is intended to increase transparency and accountability in an organizations process of designing and implementing a system of internal control. The framework requires a Company to identify and analyze risks and manage appropriate responses. The Company has successfully laid down the framework and ensured its effectiveness. The internal controls are commensurate with its size and the nature of its operations. These have been designed to provide reasonable assurance with regard to recording and providing reliable financial and operational information, complying with applicable statutes, safeguarding assets from unauthorized use, executing transactions with proper authorization and ensuring compliance with corporate policies. Company has a well-defined delegation of power with authority limits for approving contracts as well as expenditure. Processes for formulating and reviewing annual and long term business plans have been laid down. We use a state-of-the-art enterprise resource planning (ERP) system that connects all parts of the organization, to record data for accounting, consolidation and management information purposes. It has continued its efforts to align all its processes and controls with global best practices. But during the year under review, the scope of implementation was very limited

5. Disclosure in respect of voting rights not exercised directly by the employees in respect of shares (as per Sec 67(3) of the Companies Act and Rule 16 of Companies( Share Capital and Debenture) Rules ,2014 : NA

6. No loan / guarantee or financial assistance were given .The company has not made a provision of money for the purchase of, or subscription for, shares in the company.

7. Company does not have any subsidiary or associate companies or joint ventures.

8. The rules regarding Corporate Social Responsibility are not applicable to the company.

9. During the year, the operations of the company were meager. But Vigil Mechanism commensurate with the size and operations of the Company has been implemented. The Company has adopted a policy, to provide a formal vigil mechanism to the Directors and employees to report their concerns about unethical behavior, actual or suspected fraud or violation of the Companys Code of Conduct or ethics policy. The Policy provides for adequate safeguards against victimization of employees who avail of the mechanism and also provides for direct access to the Chairperson of the Audit Committee. It is affirmed that no personnel of the Company has been denied access to the Audit Committee. The Board has, pursuant to the provisions of Section 177(9) of the Companies Act, 2013 read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014 and the Listing Regulations framed ‘Whistle Blower Policy and Vigil Mechanism.

10. Company has not taken any deposit.

11. There is no change in the nature of business of the Company.

12. No orders were passed by the regulators, Courts, Tribunals impacting the going concern status and Companys operations in future.

13. There have been no significant material changes and commitments affecting the financial position of the Company which have occurred between the end of the financial year and the date of this report.

14. During the year the following changes took place in the Board

i) Julian Santhosh was appointed additional director of the company with effect from 13/11/2019. She belongs to the promoters group and is the woman director of the company She can hold office till the date of the Annual General Meeting . Resolution for her reappointment is given in the Notice for AGM.

ii) Santhosh Joseph Karimattom was reappointed as Managing director for a further period of five years . Resolution is placed to obtain members approval as required by the law.

iii) Rajendra Patel completed his term as independent director and vacated / resigned

iv) At the AGM held in the year 2019, Anup Kumar was reappointed as Independent Director

v) Annamma Joseph who was one of the promoters of the company resigned

vi) Mathai chacko wa appointed as Independent Director at the AGM held on 25th of September 2019 There are no other changes among Key Managerial personals during the year under review.

15. Company has not issued any equity shares with differential rights/ sweat equity/ employee stock options plans.

16. Company has not bought back any shares.

17. There are no adverse in the report of remarks of Statutory auditors and Secretarial Auditor.

18. Company has not given any loans /guarantees or investments under section 186 of the Companies Act.

19. There was no related party transactions as per Section 188 of the Act.. Transactions are done at arms length basis

20. Company does not have any women employee The Company has adopted a Policy on Prevention, Prohibition and Redressal of Sexual Harassment at the Workplace, in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Rules there under.

21. Pursuant to the provisions of Section 204 of the Act and The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board of Directors of the Company had appointed Mr. Krishnan Potty Jayaraj, Company Secretary in Practice, to undertake the Secretarial Audit of the Company for the year ended 31st March, 2020. The Secretarial Audit Report is given as Annexure and forms part of this report.

22. The company has implemented a policy to undertake formal annual evaluation of the performance of directors / committees and individual directors . Since the activity and performance of the company was very minimal in all fronts , the scope of such evaluation was very limited . The evaluation is being done as per the LODR.

23. The composition and other details of audit committee are reported in Corporate Governance Report which report is given as annexure and forms part of this report. The Board has accepted all the recommendations of the audit committee.

24. The audit report of the company does not contain any adverse qualifications or any comment on fraud.

ACKNOWLEDGEMENTS

The Board of Directors wish to place on record their appreciation for the co-operation and support received from all.

Place: Bengalure By Order of the Board
Date: 29th June,2020 Santhosh Joseph Karimattom
Chairman & Managing Director
Julian Santhosh
Director

FORM NO. MGT 9

EXTRACT OF ANNUAL RETURN as on financial year ended on 31.03.2020

Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management & Administration) Rules, 2014

I REGISTRATION & OTHER DETAILS:

i CIN L52322KA1992PLC013512
ii Registration Date 08/09/1992
iii Name of the Company CITYMAN LIMITED
iv Category/Sub-category of the Company Company Limited by shares/ Indian NonGovernment Company
V Address of the Registered office & contact details NO. 153 (OLD NO.43/35) 2ND FLOOR, PROMENADE ROAD, 2ND CROSS, FRAZER TOWN, BANGALORE - 560005
vi Whether listed company YES
vii Name, Address & contact details of the Registrar & Transfer Agent, if any. INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED, NO-30, RAMANA RESIDENCY, GR FLOOR, 4TH CROSS, SAMPIGE ROAD, MALLESWARAM, BANGALORE-560003

II PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All the business activities contributing 10% or more of the total turnover of the company shall be stated

SI No Name & Description of main products/services NIC Code of the product/Service % of total turnover of the company
NIL

 

III PARTICULARS OF HOLDING , SUBSIDIARY & ASSOCIATE COMPANIES

SI No Name & Address of the Company CIN/GLN HOLDING/ SUBSIDIARY/ ASSOCIATE % OF SHARES HELD APPLICABLE SECTION
NIL

IV.SHAREHOLDING PATERN (Equity Share capital Break up as % to total Equity)

Category of Shareholders No. of Shares held at the beginning of the year - 01.04.2019 No. of Shares held at the end of the year - 31.03.2020 % change during the year
Demat Physical Total %of Total Shares Demat Physical Total %of Total Shares
A. Promoters
(1) Indian 8402132 - 8402132 71.81 8402132 - 8402132 71.81 -
a) Individual/HUF - - - - - - - - -
b) Central Govt or State Govt.
c) Bodies Corporates
d) Bank/FI - - - - - - - - -
e) Any other . - - - - - - - -
SUB TOTAL:(A) (D 8402132 8402132 71.81 8402132 8402132 71.81
(2) Foreign - - -
a) NRI- Individuals - - - - - - - - -
b) Other Individuals
c) Bodies Corp. . . . . . . . .
d) Banks/FI - - - - - - - - -
e) Any other... - - - - - - - - -
SUB TOTAL (A) (2) .
Total Shareholding of Promoter (A)= (A)(1)+(A)(2) 8402132 8402132 71.81 8402132 8402132 71.81
B. PUBLIC SHAREHOLDING
(1) Institutions
a) Mutual Funds - 2000 2000 0.02 - 2000 2000 0.02 -
b) Banks/FI - - - - - - - - -
C) Cenntral govt - - - - - - - - -
d) State Govt. - - - - - - - - -
e) Venture Capital Fund
f) Insurance Companies
g) FIIS - - - - - - - - -
h) Foreign Venture Capital Funds
i) Others (specify) - - - - - - - - -
SUB TOTAL (B)(1): 2000 2000 0.02 2000 2000 0.02 .
(2) Non Institutions
a) Bodies corporates
i) Indian 38780 324500 363280 3.10 37880 324500 362380 3.10 -
ii) Overseas - - - - - - - -
b) Individuals
i) Individual shareholders holding nominal share capital upto Rs.1 lakhs 550612 1553400 2104012 17.98 562312 1542100 2104412 17.98
ii) Individuals shareholders holding nominal share capital in excess of Rs. 1 lakhs 173632 211400 385032 3.29 173632 211400 385032 3.29
c) Others (specify)
NRI 117143 327300 444443 3.80 117643 327300 444943 3.80 .
Clearing Member 200 - 200 0.00 - - - 0.00 -
Trust 1 - 1 0.00 201 - 201 0.00 -
SUB TOTAL (B)(2): 880368 2416600 3296968 28.17 891668 2405300 3296968 28.17 .
Total Public Shareholding (B)= (B)(1)+(B)(2) 880368 2418600 3298968 28.19 891668 2407300 3298968 28.19
C. Shares held by Custodian for GDRs & ADRs
Grand Total (A+B+C) 9282500 2418600 11701100 100.00 9293800 2407300 1170110( 100.00

(ii) SHARE HOLDING OF PROMOTERS

SI Shareholders Name

Shareholding at the beginning of the year - 01.04.2019

Shareholding at the end of the year - 31.03.2020

% change in share holding during the year
No. No of shares % of total shares of the company %of shares pledged encumber ed to total shares No of shares % of total shares of the company %of shares pledged encumber ed to total shares
1 ANNAMMA JOSEPH 225668 1.93 - 225668 1.93 - -
2 EMMANUEL PALLATH 4500 0.04 - 4500 0.04 - -
3 JOHN SAJAN 500 0.00 - 500 0.00 - -
4 JOSEPH SAJAN 500 0.00 - 500 0.00 - -
5 JULIAN SANTHOSH 228675 1.95 - 228675 1.95 - -
6 SAJANI TOBY 10 0.00 - 10 0.00 - -
7 SANTHOSH J K 7720312 65.98 - 7720312 65.98 - -
8 SOBHA SAJAN 221667 1.89 - 221667 1.89 - -
9 ZENA EMMANUEL PALLATH 300 0.00 300 0.00
Total 8402132 71.81 - 8402132 71.81 - -

(iii) CHANGE IN PROMOTERS SHAREHOLDING (SPECIFY IF THERE IS NO CHANGE)

SI. No. Shareholders Name Share holding beginning Year- 01 ding at the of the .04.2019 Date Increase/Decrease in Share Holding Reason

Cumulative Share holding during the year- 31.03.2020

Reason

No. of Shares % of total shares of the company No of shares % of total shares of the company
1 ANNAMMA JOSEPH 225668 1.93 - - - 225668 1.93 -
2 EMMANUEL PALLATH 4500 0.04 - - - 4500 0.04 -
3 JOHN SAJAN 500 0.00 - - - 500 0 -
4 JOSEPH SAJAN 500 0.00 - - - 500 0 -
5 JULIAN SANTHOSH 228675 1.95 - - - 228675 0 -
6 SAJANI TOBY 10 0.00 - - - 10 0 -
7 SANTHOSH J K 7720312 65.98 - - - 7720312 0 -
8 SOBHA SAJAN 221667 1.89 - - - 221667 0 -
9 ZENA EMMANUEL PALLATH 300 0.00 - - - 300 0 -

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

SHAREHOLDING AT THE BEGINNING OF THE YEAR-01.04.2019 CUMULATIVE SHAREHOLDING DURING THE YEAR - 31.03.2020
SL NO NAME OF THE SHARE HOLDER No. of Shares % of Total Shares of the Company Date Increase /Decries in Share Holding Reason No Of Shares % of Total Shares of the Company
1 CONSENT OVERSEAS INVESTMENTS PVT LTD 285000 2.44 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020 285000 2.44
2 KV THOMAS 116500 1.00 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020 116500 1.00
3 THOMAS VARGHESE. 90000 0.77 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020 90000 0.77
4 NIDHI JOSE 56826 0.49 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020 56826 0.49
5 SHRIRAM SODHANI 50000 0.43 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020 50000 0.43
6 VT JOHN 21300 0.18 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020 21300 0.18
7 SANJAYKUMA R SARAWAGI 19660 0.17 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020 19660 0.17
8 KRISHNABEN KRITIKUMAR TANNA 18202 0.16 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020 18202 0.16
9 AARYA M S 17000 0.15 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020 17000 0.15
10 PARAS SURI 16200 0.14 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020

16200 0.14

Shareholding of Directors and Key Managerial Personnel:

SN Shareholding of each Directors and each Key Managerial Personnel NAME Santhosh Joseph Karimattom Shareholding at the beginning of the year Cumulative Shareholding during the year
No. of shares % of total shares of the company No. of shares % of total shares of the company
At the beginning of the year 7720312 65.98 7720312 65.98
Date wise Increase / Decrease - -
At the end of the year 7720312 65.98 7720312 65.98

Shareholding of Directors and Key Managerial Personnel:

SN Shareholding of each Directors and each Key Managerial Personnel Shareholding at the beginning of the year Cumulative Shareholding during the year
NAME Julian Santhosh No. of shares % of total shares of the company No. of shares % of total shares of the company
At the beginning of the year 228675 1.95 228675 1.95
Date wise Increase / Decrease - - - -
At the end of the year 228675 1.95 228675 1.95

Shareholding of Directors and Key Managerial Personnel:

SN Shareholding of each Directors and each Key Managerial Personnel NAME T N Sajeevan Shareholding at the beginning of the year Cumulative Shareholding during the year
No. of shares % of total shares of the company No. of shares % of total shares of the company
At the beginning of the year 100 - 100 -
Date wise Increase / Decrease
At the end of the year 100 - 100 -

V. INDEBTEDNESS -Indebtedness of the Company including interest outstandinq/accrued but not due for payment.

Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtedness
Indebtedness at the beginning of the financial year
i) Principal Amount NIL 153,748,035 NIL 153,748,035
ii) Interest due but not paid NIL NIL NIL NIL
iii) Interest accrued but not due NIL NIL NIL NIL
Total (i+ii+iii) NIL 153,748,035 NIL 153,748,035
Change in Indebtedness during the financial year NIL NIL NIL NIL
* Addition NIL 31,89,681 NIL 31,89,681
* Reduction NIL NIL
Net Change NIL 156,937,716 NIL 156,937,716
Indebtedness at the end of the financial year
i) Principal Amount NIL 156,937,716 NIL 156,937,716
ii) Interest due but not paid NIL NIL NIL NIL
iii) Interest accrued but not due NIL NIL NIL NIL
Total (i+ii+iii) NIL 156,937,716 NIL 156,937,716

vi. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL-

A. Remuneration to Managing Director, Whole-time Directors and/or Manager:

SN. Particulars of Remuneration Name of MD/WTD/ Manager Total Amount
Santhosh Joseph Karimattom
1 Gross salary NIL
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 NIL
(b) Value of perguisites u/s 17(2) Income-tax Act, 1961 NIL
(c) Profits in lieu of salary under section 17(3) Income- tax Act, 1961 NIL
2 Stock Option NIL
3 Sweat Equity NIL
4 Commission - as % of profit - others, specify... NIL
5 Others, please specify NIL
Total (A) NIL
Ceiling as per the Act NA (no profit)

B. Remuneration to other directors

SN. Particulars of Remuneration Name of Directors Total Amount
Rajendra Patel Anup Kumar Annamma Joseph Chettupuzhakaran Francis Joe Julian Santhosh Mathai Chacko
1 Independent Directors

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Fee for attending board committee meetings

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Commission

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Others, please specify

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Total (1)

NIL

NIL

NIL

NIL

NIL

NIL

NIL
2 Other Non-Executive Directors

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Fee for attending board committee meetings

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Commission

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Others, please specify

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Total (2)

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Total (B)=(1+2)

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Total Managerial Remuneration NIL

NIL

NIL

NIL

NIL

NIL

NIL

Overall Ceiling as per the Act NA

NA

NA

NA

NA

NA

NA

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

SN Particulars of Remuneration

Key Managerial Personnel

CEO CS CFO Total
1 Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 180,000 672,000 852000
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961
(c) Profits in lieu of salary under section 17(3) Income- tax Act, 1961
2 Stock Option
3 Sweat Equity
4 Commission
- as % of profit
others, specify...
5 Others, please specify
Total 180,000 672000 852000

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)
A. COMPANY
Penalty NIL NIL NIL NIL NIL
Punishment NIL NIL NIL NIL NIL
Compounding NIL NIL NIL NIL NIL
B. DIRECTORS
Penalty NIL NIL NIL NIL NIL
Punishment NIL NIL NIL NIL NIL
Compounding NIL NIL NIL NIL NIL
C. OTHER OFFICERS IN DEFAULT
Penalty NIL NIL NIL NIL NIL
Punishment NIL NIL NIL NIL NIL
Compounding NIL NIL NIL NIL NIL