Envair Electrodyne Ltd Directors Report.

To,

The Members

Envair Electrodyne Ltd.

Your Directors are pleased to present your Companys 38th Boards Report, together with the Audited Financial Statement for the Financial Year ended on 31st March 2020:

1. FINANCIALRESULTS

Particulars Current Year 2019-20 Previous Year 2018-19
Income Earned During the year 35,655,556 35,195,018
Profit before Taxes & Other adjustments (14,975,990) (27,921,792)
Add prior period income - 162020
Profit before Taxes (14,975,990) (27,759,772)
Less Provisions for Taxes 47,36,655
Less Current Tax
Add/ (Less) Deferred Tax -
Profit for the period (14,975,990) (32,496,427)
Add: Item not classified to profit & loss (4,46,005) 2,86,874
Total Comprehensive Income (15,421,995) (32,209,553)
Profits carried forward from previous year (29,351,388) 28,58,166
Less proposed Dividend -
Less Dividend Distribution Tax -
Profits c/f to Balance Sheet (44,773,382) (29,351,388)

2. CHANGE IN NATURE OF BUSINESS IF ANY

During the year under review, there is no change in the nature of business.

3. EXTRACT OF ANNUAL RETURN & WEB LINK OF ANNUAL RETURN

The extract of Annual Return as on 31st March 2020, pursuant to the provisions of Section 92 of the Companies Act, 2013 and Rules framed there under, in the prescribed Form MGT-9 is annexed to this report as "Annexure2"

The copy of annual return is available on the Company website www.envair.in

4. NUMBER OF BOARD MEETINGS

The Board of Directors duly met 8 times during the financial year 2018-19. During the year, the meetings of the Board of Directors of the Company were held on 23.04.2019, 07.06.2019, 14.08.2019, 3.09.2019, 24.09.2018, 13.11.2019, 13.02.2020 & 20.03.2020, respectively.

5. AUDIT COMMITTEEMEETING

The Company has duly constituted Audit Committee. The Audit Committee was reconstitute by the Board and consist 4 members. They have vast experience and knowledge of Corporate affairs and Financial management and possess strong accounting and financial Management expertise. All their recommendation made by the Audit committee were accepted by the Board.

6. MANAGEMENT DISCUSSION & ANALYSIS

Sales increased by 3.26 % compared to previous year. The Company has shored up its networth and it now stand at Rs.4,81,85,063/-. This would provide a spring board for future growth of the company.

Prestigious assignments were completed during financial year 2019-2020 are following:

1. Inmet Technology Private Limited- Class 100,000 (iso8) Clean room for 3D printing machine/Medical part packing.

2. Bharat forge limited- Conventional clean room (class 10000 ISO8) Laser machine/ defense part manufacturing

3. Volkswagen/Skoda India Pvt. Ltd- Corian top/ Solid surface laboratory workstation for testing.

4. Kalyani Techno Forge- Enclosure for packing of metal jobs

5. Bajaj Auto- Assembly workstation for Automobiles job assembly and inpection

6. Smalz India Pvt. Ltd- Revese Laminar airflow workstation for grinding jobs

7. BEL Kotdwara- WSD workstation for assembly line

8. ADOR India- Electrostatic air cleaner

The Company is incurring losses in business during past number of years. The turnover of it has receded over a period. Reasons for the losses have been identified and analysed. The Company has been taken over by the new management, a couple of years ago. The management is taking strategic decisions to address issues of continued functioning of the Company. Certain new products of the existing line of products, e.g. Automatic Disinfectant Device, Plasma Air Purifier, Auto Door with Attendance system Air Showers etc. are under development. These products will be introduced during the coming twelve months. Contract manufacturing is also under consideration. Measures to achieve cost reduction and competitive sales price have been initiated. These actions expected to provide handsome contribution.

Further, additional steps such as innovation in quality of products and services delivered, infrastructure and resources at disposal, efforts for business prospects being undertaken, strong customer base, etc. are being adopted. The management, in this background, is of the view that it will be able to perform and operate above breakeven point in a foreseeable future.

In view of this, preparation of financial statements on the assumption that the Company is a going concern is appropriate.

7. DIRECTORS RESPONSIBILITYSTATEMENT

In accordance with the provisions of Section 134(5) of the Act, the Board hereby submits its Responsibility Statement:

a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

b) 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 and loss of the company for that period;

c) the directors had 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;

d) the directors had prepared the annual accounts on a going concern basis;

e) the directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively;

f) 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.

8. STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTOR

All the Independent Directors have submitted their disclosures to the Board that they fulfill all the requirements as stipulated in Section 149(6) of the Act and Clause 49 of the Listing Agreement so as to qualify themselves to be continued as Independent Directors under the provisions of the Act and the relevant Rules.

9. SHARE CAPITAL

The Paid up equity share capital as on 31stMarch 2020 was Rs. 4,64,00,000. There was preferential issue of 16,00,000 convertible warrants to promoter and non promoter group. 16,00,000 warrants were converted into 16,00,000 equity shares on 20th March 2020.

16,00,000 warrants allotted on 24thSeptember 2018 in board meeting to promoter and non promoter group and members approval of preferential issue had been taken in previous Annual General Meeting held on10th August 2018.

The price of warrants to be issued is fixed at Rs. 30 Per warrants convertible into equal number of equity share of Rs. 10/- each at premium of Rs. 20/- per share in accordance with the price determined in terms of Regulation 76A of the ICDR Regulations.

The warrants were exercised within a period of 18 months from the date of allotment.

10. NOMINATION AND REMUNERATION COMMITTEE

The company has duly established Nomination & Remuneration Committee. The Committee has presented to the Board the policy with respect to remuneration to the Directors, Key Managerial Personnel and other employees

11. DIRECTORSAPPOINTMENT AND REMUNERATION

As per Clause 128 of the Article of Association of the Company, one third strength of the Board is required to retire by rotation at the ensuing Annual General Meeting.

Mr. Archit Aggarwal, Director will retire by rotation.

Mr. Jayesh Parmar ceased as a director of the Company on 31st July 2020.

12. AUDITORS:

a) Statutory Auditors:

The Shareholders at the 35th Annual General Meeting, appointed M/s C.V. Chitale, Chartered Accountants (Firm Registration no. 126338W) Pune as statutory Auditors of the Company for a period of five years.

In response to the qualification specified by the statutory auditor, the management views are as under:

Our Office & Factory were closed since 23rd March 2020 due to COVID related nation-wide lockdown. Statutory Audit has been completed during this pandemic situation under partial or full lock down. As our office was closed, our customers and suppliers were also not available. Accordingly balance confirmation and related reconciliation has not been performed. As the unlock process is starting in different phases, we will ensure to take the relevant confirmations and reconciliations during the current year.

b) Secretarial Auditors:

Mr. I. U. Thakur Company Secretary in Practice having Membership no. FCS 2298 was appointed to conduct the Secretarial Audit of the Company for the F.Y. 2019-20 as required under section 204 of the Act and Rule made there Rule under. The Secretarial Audit report, in form MR-3 for the F.Y .2019-20 is annexed to this report.

In response to the qualification specified by the secretarial auditor, the management views are as under:

Company will timely upload the details to BSE.

Jayesh parmar ceased on 31st July 2020 as director of the Company as he is disqualified by the Registrar of Companies. He is no more associated with the Company.

c) Internal Auditor

Devesh shah & Co., Chartered Accountants are the Internal Auditor of the Company.

13. PARTICULARS OF LOAN, GUARANTEES OR INVESTMENTS

During the Financial Year, your Company has not given any loan, guarantees & investments covered under Section 186 of the Companies Act, 2013.

14. RELATED PARTY TRANSACTIONS

All related party transactions that were entered into during the financial year 2019-20 were on an arms length basis and were in the ordinary course of business. All related party transactions are placed before the Audit Committee as also the Board for approval.

None of the Directors has any pecuniary relationships or transactions vis--vis the Company except remuneration paid to the Executive Director as per the Companies Act, 2013.

The particulars of Transactions with related parties in prescribed form under Section 134 of the Companies Act, 2013 has been mentioned in Note No. 33 (13) of the Financial Statements..

15. RESERVES

The company proposes to carry Rs. (44,773,382)/- to Reserves after adjusting previous loss of Rs. (29,351,388)/- from current year loss of Rs.(15421994)/-. This makes Equity plus other Equity as Rs. 4,81,85,063/-.

16. DIVIDEND

Since there was no operational profit, The Board has not recommended any dividend during the Financial Year 2019-20.

17. MATERIAL CHANGES & COMMITMENTS BETWEEN THE DATE OF THE BALANCE SHEET & THE DATE OFREPORT

There are no material changes between the date of Balance Sheet & the date of this report that would affect the financial position of the Company.

18. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE&OUTGO

Information required under Section 134 (3) (m) of the Companies Act, 2013 read with Rule 8 of the Companies(Accounts)Rules2014 is given in "Annexure1" attached to this Report.

19. RISK MANAGEMENTPOLICY

Risk of obsolesce of products, manufacturing equipments & processes are regularly evaluated.

20. CORPORATE SOCIALRESPONSIBILITY

Since the Companys networth does not exceed Rs. 500

crores or Companys turnover does not exceed

Rs.1000 crores or the Companys net profit does not exceed Rs. 5 crore for any financial year, the provisions of section 135 of the Companies Act, 2013.

21. FORMAL ANNUAL EVALUATION

The Board has formulated a Board Evaluation Policy for evaluation of Individual Directors as well as the entire Board & Committees of the Board. The Evaluation frame work is divided in to parameters based on the various performance criteria to be done annually. The evaluation for the year ended 31st March, 2020 has been completed

Particulars Disclosure
1. Financial summary/highlights Already given in Sr.No.1
2. Change in the nature of business There is no change in the natureof business.
3. Details of directors or key managerial personnel who were appointed or have resigned during the year; Mr. Anil Nagpal ,is re-appointed as Managing Director with effect from 6th July 2020.
Mr. Jayesh parmar ceased as director of the Company on 31st july 2020 as he is disqualified.
Names of companies which have become or ceased to be its Subsidiaries, joint ventures or associate companies during the year alongwith reasons therefore; The company does not have any subsidiaries.

22. DISCLOSURES PURSUANT TO SECTION 197 (12) OF THE COMPANIES ACT, 2013 AND THE RULES MADE THERE UNDER

Particulars
(i) the ratio of the remuneration of each director to the median remuneration of the employees of the company for the financial year Name of the Director: Ratio
Mr. Anil Nagpal : 0:0
Mr. Harish Agarwal 0:0
Mr. ArchitAgarwal
(ii) Percentage increase in remuneration of each director and CEO in the financial year Mr. Anil Nagpal 0.00%
Mr. Harish Agarwal 0.00%
Mr. ArchitAgarwal

 

(iii) Percentage increase in the median remuneration of employees in the financial year 0.00%
(iv) Number of permanent employees on the rolls of company; 36
(v) Explanation on the relationship between average increase in remuneration and company performance Remuneration is revised based on the Companys policy which is based on Annual Operating Plan.

23. ENVIRONMENT & SAFETY

The Company is aware of the importance of environment clean.

24. DETAILS OF FRAUDS REPORTED BYAUDITORS:

There are no fraud against the Company reported by the Auditors for the period under report.

25. VIGILMECHANISM

As per Provisions of Section 177 (9) & (10) of the CompaniesAct,2013,a Vigil Mechanism for Directors & employees has been established. The Vigil Mechanism Policy has been uploaded on the website of the Company at www.envair.in under Investors/ policy documents/ Vigil Mechanism Policy link.

26. IMPACT OF CORONA VIRUS ON GOING CONCERN

The COVDI-19 pandemic has been the defining global health crisis of our time and has already spread very fast across the world. But it is much more than a health crisis and is having an unprecedented impact on people and economies worldwide. The Company is taking all necessary measures in terms of mitigating the impact of the challenges being faced in the business.

27. DISCLOSURE ON SEXUAL ARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION &REDRESSAL) ACT,2013

The Company has in place an Anti Sexual Harassment Policy in line with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. Internal Complaints Committee has been set up to redress complaints received regarding sexual harassment. All employees are covered under this policy. There are no complaints received during the year underreport.

28. SECRETARIAL STANDARD OF THE ICSI

The Company is in Compliance with the secretarial Standards on the meeting of Board of Director (SS-1) and General meeting(SS-2)as issued and amended by the Institute of Company secretaries of India(ICSI)

29. STAKEHOLDER COMMITTEE

The company has duly established stakeholder & Committee meeting.

30. APPRECIATION:

The Director express their gratitude to the Dealers, Suppliers and Bank for their co-operation and express warm appreciation for the sincere co-operation and dedicated work by the employees of the Company.

Form No. MGT-9

EXTRACT OF ANNUAL RETURN

as on the 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 and Administration) Rules, 2014]

I. REGISTRATION AND OTHERDETAILS:

i. CIN L29307MH1981PLC023810
ii. Registration Date 4th February, 1981
iii. Name of the Company Envair Electrodyne Ltd.
iv. Category / Sub-Category of the Company Public Limited Company
v. Address of the Registered office and contact details 117, S Block, MIDC, Bhosari, Pune 411 026
vi. Whether listed company Yes.
vii. Name, Address and Contact details of Registrar and Transfer Agent, if any Universal Capital Securities Pvt.Ltd., 21,
ShakilNiwas, Mahakali Caves Road, Andheri
(E), Mumbai 400 093

II. PRINCIPAL BUSINESS ACTIVITIES OF THECOMPANY

Business activities contributing 10 % or more of the total turnover of the company shall be stated:-

Name and Description of main products / services NIC Code of the Product/ service % to total turnover of the company
1. Clean Air Equipments 282 55.78%
2. Workstations 31009 35.62%
3. Electrostatic Oil Cleaners 28295 8.60%

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES–

NAME AND ADDRESS OF THE COMPANY CIN/GLN HOLDING/ SUBSIDIARY/ ASSOCIATE % of shares held Applicable Section
1. N.A.

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)

i) Category-wise Share Holding

Category of Shareholders No. of Shares held at the beginning of the year

No. of Shares held at the end of the year

Demat Physical Total % of Total Shares Demat Physical Total % of Total Shares % Change during the year
A. Promoters
(1) Indian
a. Individual/HUF 1869490 Nil 1869490 61.50 1869490 600000 2469490 53.22 8.28
b. Central Government(s) - - - - - - - - -
c. State Government (s) - - - - - - - - -
d. Bodies Corporate - - - - - - - - -
e. Banks / Financial Institutes - - - - - - - - -
f. Any Other - - - - - - - - -
Sub-total (A) (1):- 1869490 Nil 1869490 61050 1869490 600000 2469490 53.22 8.28
(2) Foreign
a) NRIs - Individuals - - - - - - - - -
b. Other – Individuals - - - - - - - - -
c. Bodies Corporate - - - - - - - - -
d. Banks / Financial Institutes - - - - - - - - -
e. Any Other - - - - - - - - -
Sub-total (A) (2):- 0 0 0 0 0 0 0 0 0
Total shareholding of Promoter (A) = (A) (1) + (A) (2) 1869490 Nil 1869490 61.50 1869490 600000 2469490 53.22 8.28

 

B. Public Shareholding
1. Institutions
a. Mutual Funds - - - - - - - - -
b. Banks / Financial Institutes - - - - - - - - -
c. Central Government(s) - - - - - - - - -
d. State Government (s) - - - - - - - - -
e. Venture Capital Funds - - - - - - - - -
f. Insurance Companies - - - - - - - - -
g. FIIs - - - - - - - - -
h. Foreign Venture Capital - - - - - - - - -
Sub-total (B)(1):- 0 0 0 0 0 0 0 0 0
2. Non-Institutions
a. Bodies Corporate:
i. Indian 28916 2800 31716 1.043 25619 2500 28119 0.606 0.437
ii. Overseas - - - - - - - - -
b. Individuals
i. Individual shareholders holding nominal share capital upto Rs.1lakh 516972 285591 802563 26.40 506477 147001 653478 14.08 12.32
ii. Individual shareholders holding nominal share capital in excess of Rs 1 lakh 237856 12440 250296 8.233 236215 912440 1148655 24.755 16.522
iii. Others (specify)
a) Clearing Members 8483 0 8483 0.28 131 0 131 0.003 0.277
b) NRI/OCBs 32076 0 32076 1.06 32057 0 32057 0.691 0.37
c) HUF 41414 0 41414 1.36 49927 0 49927 1.076 0.28
d)LLP 3962 - 3962 0.130 3962 100000 103962 2.241 2.11
e) IEPF Suspense account - - - - 154181 0 154181 3.323 3.323
Sub-total (B)(2):- 865717 300831 1170510 38.50 1008569 1,161,941 2170510 46.778 35.63
Total Public Shareholding B)=(B)(1)+ (B)(2) 863869 300831 1170510 38.50 1008569 1,161,941 2170510 46.778 35.63
C. Shares held by Custodian for GDRs & ADRs 0 0 0 0 0 0 0 0 0
Grand Total (A+B+C) 2733359 300831 3040000 100 2,878,059 1,761,941 4640,000 100 43.919

Note: 16,00,000 equity shares were in physical form as issued on 20th March 2020 and convert into demat after 31st March 2020.

(ii) Shareholding of Promoters

Shareholders Name Shareholding at the beginning of the year

Share holding at the end of the year

No. of Shares % of total Shares of the company %of Shares Pledged / encumbered to total shares No. of Shares % of total Shares of the company %of Shares Pledged / encumbered to total shares %Change during the year
3 Anil Nagpal 617000 20.3 0 823000 17.74 0 2.56
4 GianParkash 635790 20.91 0 823790 17.75 0 3.16
5 Harish Agarwal 616700 20.29 0 822700 17.73 0 2.56
TOTAL 1869490 61.5 0.00 2469490 53.22 0.00 8.28

(iii) Change in Promoters Shareholding (please specify, if there is no change):

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 1869490 61.5% 2,469,490% 53.22%
Date wise increase/ Decrease in promoters share holding during the year specifying the reasons for increase/ Decrease (e.g. allotment/transfer/bonus/sweat equity etc.) (6,00,000 Equity shares were issued to promoters on 20th March 2020 against convertible warrants). 6,00,000 8.28%
At the End of the year 2469490 53.22% 2,469,490% 53.22%

Note:.6,00,000 Equity shares were issued to promoters on 20th March 2020 against convertible warrants

(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs andADRs):

Shareholding at the beginning of the year Cumulative Shareholding during the year
Sr. No. For Each of the Top 10 Shareholders No. of shares % of total shares of the company No. of shares % of total shares of the company
At the beginning of the year
1 Arati Jayesh Parmar 500 0.02 300500 9.88
2 Rakesh Kumar Aggarwal 0 0.00 200000 6.58
3 Ashok Gupta 0 0.00 200000 6.58
4 Rajiv Malik 0 0.00 200000 6.58
5 KDA Corporate Advisors LLP 0 0.00 100000 3.29
6 Mahendra Girdharilal 48430 1.59 48430 1.59
7 Hitesh Ramji Javeri 34591 1.14 34591 1.14
8 Anil Gurmukh Bhagwani 29582 0.97 29582 0.97
9 Kalpana Prakash Pandey 29138 0.96 29138 0.96
10 Sarabjeet Singh Ghai 22582 0.74 22582 0.74
Date wise Increase / Decrease in Share holdingduringtheyearspecifyingthereaso ns for increase / decrease (e.g. allotment / transfer / bonus / sweat equityetc):
At the End of the year - - - -
At the End of the year (or on the date of separation, if separated during the year) - - - -

Note : Since there was no significant change in the purchase / sale of shares of the above Top 10 Shareholders,The date wise increase/ decrease has not been given.

For Each of the Directors and KMP

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 Datewise Increase / Decrease in shareholding during the year specifying the reasons forincrease/decrease(e.g. allotment/transfer/bonus/ sweat equityetc) At the End of the year
1. Mr. Anil Nagpal 617000 0.00 617000 20.3 allotment 823000
2. Mr. Harish Agarwal 616700 0 616700 20.3 allotment 822700
3 Dr. AvinashKulkarni 2780 0.09 2780 0.09 No change 2780

V. INDEBTEDNESS

Indebtedness of the Company including interest outstanding/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 61,08,411 - 0 61,08,411
ii. Interest due but not paid - - - -
iii. Interest accrued but not due - - - -
Total (i+ii+iii) - - - -
Change in Indebtedness during the financial year
• Addition - - -
• Reduction 1,916,721 - 0 1,916,721
Net Change
Indebtedness at the end of the financial year
i. Principal Amount 4,191,690 - - 4,191,690
ii. Interest due but not paid - - - -
iii. Interest accrued but not due - - - -
Total (i+ii+iii) 4,191,690 - 0 4,191,690

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIALPERSONNEL

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

Sr. No. Particulars of Remuneration Name of MD/WTD/ Total Amount
Mr. Anil Nagpal, Managing Director
1. Gross salary (Rs.)
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 Nil Nil
(b) Value of perquisites u/s 17(2) of the Income-tax Act, 1961 Nil Nil
(c) Profits in lieu of salary under section 17(3) of the Income-tax Act, 1961 Nil Nil
2. Stock Option Nil Nil
Nil
Nil
3. Sweat Equity Nil Nil
4. Commission Nil Nil
- as % of profit
- others, specify
5. Others, please specify Nil Nil
Total (A) Nil Nil
Ceiling as per the Act Nil

B. Remuneration to other directors:

Sr. No. Particulars of Remuneration Name of Directors Total Amount
Independent Directors Dr Avinash Kulkarni MrJayesh Parmar
• Fee for attending board / committee meetings 16000/- 16000/- 16000/-
• Commission Nil Nil Nil
• Others, please specify Nil Nil Nil
Total (1) 16000/- 16000/- 32000/-
Other Non-Executive Directors
• Fee for attending board / committee meetings Nil Nil Nil
• Commission Nil Nil Nil
• Others –Conveyance Exp. Nil Nil Nil
Total (2) Nil Nil Nil
Total (B)=(1+2) 16000/- 16000/- 32,000/-

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

Sr. No. Particulars of Remuneration CEO &Whole Time Director Company Secretary CFO Total
1. Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 Nil 301,740 - 301,740
(b) Value of perquisites u/s 17(2) of the Income-tax Act, 1961 Nil - - -
(c) Profits in lieu of salary under section 17(3) of the Income-tax Act, 1961
2. Stock Option Nil Nil Nil Nil
3. Sweat Equity Nil Nil Nil Nil
4. Commission Nil Nil Nil Nil
- as % of profit
- others, specify
5. Others, please specify Nil Nil Nil Nil
Total (A) - 301,740 - 301,740

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OFOFFENCES:

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