To,
The Shareholders,
Golden Bull Research & Growth Limited
The Directors have pleasure in presenting their 34TH Annual Report of the
Company together with the Audited Statement of Accounts for the year ended 31st March,
2017.
FINANCIAL RESULTS:
| The Financial Results are stated as under: |
|
(Rs.) |
| PARTICULARS |
Year Ended 31.03.2017 |
Year Ended 31.03.2016 |
| Sales & Operating Income |
- |
83,77,500 |
| Other Income |
3,10,000 |
11,70,003 |
| Total Income |
3,10,000 |
9,547,503 |
| Total Expenditure with Depreciation |
3,26,729 |
94,66,155 |
| Gross Income/ (Loss) before Taxation |
(16,729) |
81,348 |
| Provision for Taxation |
18,815 |
38,727 |
| Net Profit/(Loss) |
(10,910) |
68,909 |
MANAGEMENT DISCUSSION AND ANALYSIS
The Management Discussion and Analysis as required by the Listing Regulations is
incorporated herein by reference and forms an integral part of this report as (Annexure 1)
OPERATIONS:
The Company has earned loss of Rs. 10,910/- during the current financial year ended on
31.03.2017.
ECONOMIC OUTLOOK:
According to the International Monetary Fund (IMF), the global economy is expected to
grow at approximately 3.2% in 2017. USA is showing signs of strong fundamentals (low
unemployment, consumer spending etc.), which continue to support recovery. Asia
contributed on an average two-thirds to the global economic growth in the past few years
and is expected to continue driving this growth in 2017. Japan is expected to remain
steady while China is expected to witness a marginal slowdown in growth.
Risks to global growth in the form of deflation, slowdown in China, lower commodity
prices and interest rate hike in USA continue to weigh heavily on the growth momentum and
outlook.
GDP growth in Europe is expected to remain low as the strength of supportive factors
(accommodative monetary policy, low energy prices and Euro depreciation) diminishes,
amidst uncertainty relating to Britains referendum, migrant crisis and geo-political
tensions. Europe continues to face multiple headwinds due to high debt levels, a fragile
banking sector and increasing political impasse.
India is expected to continue its growth momentum in Financial Year 2017-18 on the back
of robust manufacturing & Service sector growth. Further, various measures such as
‘Make in India, ‘Smart Cities, ‘Digital India that the Government has
been taking in the last couple of years are beginning to show results and the gradual
implementation of structural reforms will continue to broaden and contribute towards
higher growth to the Country and good business growth is expected.
BUSINESS OVERVIEW DURING THE YEAR:
The current year, so far, have not witnessed any significant jump in terms of textile
business. However, your Directors are continuously looking for new avenues for the future
growth of the Company and look forward to a robust growth. Sustained efforts of the Board
would hopefully mitigate the accumulated losses of the Company as quickly as possible.
EXTRACT OF ANNUAL RETURNS:
In accordance with Section 134(3)(a) of the Companies Act, 2013, an extract of the
annual return is annexed as (Annexure -III).
1. The Paid up capital of the Company is Rs. 4,74,00,000/-.
2. The Board of Directors of the company as on 31.03.2017 consists of 4 Directors
namely Mr. Pankaj Jain Managing Director, Mr. Naveen Kumar Executive Director, Mr. Jaya
Shaw Independent Director (Women Director) and Mr. Arun Kumar Nahata Independent Director
of the Company.
3. The secured debt of the company is Nil.
4. The Promoters holding is consists of 690000 equity shares of Rs.1/- each amounting
to 1.46 %.
5. There was no un-paid dividend during the year.
DIVIDEND:
The board regrets its inability to declare any dividend for the year under review.
SHARE CAPITAL:
During the year under review, the Companys share capital remained unchanged. The
Authorised Share Capital of the Company is Rs. 4,75,00,000 (Rs. Four Crores Seventy Five
Lakh only) divided into 475,00,000 (Four Crores Seventy Five Lakhs) Equity Shares of Re.
1/- each. The Issued Share, Subscribed & Paid-up Capital is Rs. 474,00,000 (Rs. Four
Crores Seventy Four Lakhs only) divided into 474,00,000 (Four Crores Seventy Four Lakhs)
Equity Shares of Re. 1/- each.
TRANSFER TO RESERVES:
Your Company has not transferred any amount to the Reserve & Surplus.
SUBSIDIARY ASSOCIATES AND JOINT VENTURE COMPANY:
Your Company does not have any subsidiaries, joint ventures and associate companies as
on March 31, 2017 and therefore the requirements of sub Section (3) of Section 129 of
Companies Act, 2013 will not be applicable to the Company.
The Company has not required in accordance with Sub Section (3) of Section 129 of the
Companies Act, 2013 prepared consolidated financial statements of the Company.
The Company has in accordance with Sub Section (2) of Section 129 Section 129 of the
Companies Act, 2013 prepared Standalone financial statements of the Company.
Further, the report on the performance and financial position of the subsidiary,
associate and joint venture and salient features of the financial statements in the
prescribed Form AOC-1 does not form part of the report.
DETAILS OF CONTRACTS / ARRANGEMENTS WITH RELATED PARTIES:
As required in terms of provisions of Section 188 of the Companies Act, 2013 the
details of certain contracts / arrangements with related parties are required to be
disclosed in form AOC-2 as a part of this report, however during the year your Company has
not entered into any such contract /arrangements with related parties, hence AOC – 2
is not part of the report.
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186 OF THE ACT:
Details of the loans made by the Company to other body corporate or entities are given
in notes to financial statements, loans, guarantee, Investments are under the prescribed
limited as per the Companies Act.
DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR
TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANYS OPERATIONS IN FUTURE:
1. The Bombay Stock Exchange Ltd. vide its Order Number 2015121-2 dated December 21,
2015 regarding suspension of trading in the Securities of the Company w.e.f. December 24,
2015.
The Bombay Stock Exchange further vide its notice no. 20151218-28 dated December 18,
2015, notice no. 20160115-8 dated January 15, 2016 and notice no. 20160304-28 dated March
04, 2016 intimated the end to end process for suspension of revocation.
The Board of your company taken on records all the notices of the Exchange and Board
will shortly start the process to Revocation of suspension and for regular trading of the
securities of the Company on the Stock Exchange.
DEPOSITS:
As on 31.03.2017, the company held no deposit in any form from anyone. There was no
deposit held by the company as on 31.03.2017, which was overdue or unclaimed by the
depositors. For the present the broad of directors have resolved not to accept any
deposits from public.
LISTING:
The equity shares of the Company are listed at the Bombay Stock Exchange Ltd. and
Kolkata Stock Exchange Ltd.
Listing Agreement:
During the year, SEBI notified the Listing Regulations and the same were effective
December 1, 2015. The Listing Regulations aim to consolidate and streamline the provisions
of the erstwhile listing agreement for different segments of capital markets to ensure
better enforceability. In terms of the Listing Regulations, all listed entities were
required to enter into a new listing agreement with the stock exchanges.
In compliance with the requirement, the Company has executed the listing agreement with
the BSE Limited.
PARTICULARS OF EMPLOYEES:
In terms of the provisions of Section 197 (12) of the Companies Act, 2013 read with the
Rule 5(2) of the Companies (Appointment and Remuneration) Rules, 2014, as amended from
time to time, the Company is required to disclose the ratio of the remuneration of each
director to the median employees remuneration and such other details, however the company
has not paid any remuneration to its KMP and other Directors during the financial year
hence there are no such details for reporting under this clause.
CORPORATE GOVERNANCE:
In accordance with SEBI Circular CIR/CFD/POLICY CELL/7/2014 dated 15th September 2014
and as per the Regulation 15 of the SEBI (Listing obligations and Disclosure Requirements)
Regulations, 2015 provisions of regulation 27, reporting on Corporate Governance, shall
not apply to the listed entity having paid up share capital not exceeding Rs. 10 crore and
the Net Worth not exceeding Rs. 25 crore as on the last day of the previous financial year
i.e. March 31, 2017, the Company even though being an listed entity since does not falls
under the criteria attracting the obligations to adhere to the compliance with the
compliances of Clause 49 of Listing Agreement amended (under Regulation 27(2) of
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015.
However the Board has decided to continue to comply with the requirements of for best
secretarial practice of Corporate Governance as stipulated under clause 49 of the Equity
Listing Agreement and accordingly, the summary Report on Corporate Governance forms part
of the Annual Report as (Annexure - IV).
The requisite Certificate from the Statutory Auditors of Company Anupam Sarkar,
Chartered Accountant Kolkata, regarding compliance with the conditions of Corporate
Governance is annexed to this Report.
BOARD OF DIRECTORS:
During the year the Board of Company comprises of the following Directors:
| Mr. Pankaj Jain |
- Managing Director |
| Mr. Navin Kumar |
- Executive Director |
| Mr Arun Kumar Nahta |
- Independent Director |
| Ms. Jaya Shaw |
- Independent Director (Women Director) |
RE-APPOINTMENT (RETIRE BY ROTATION):
As per the provisions of Section of the Companies Act, 2013, Mr. Naveen Kumar will
retire at the ensuing AGM and being eligible, seeks re-appointment. The profile and
particulars of experience, attributes and skills that qualify Mr. Naveen Kumar for the
Board membership is disclosed in the Notice convening the AGM. The Board recommends and
seeks your support in confirming Mr. Naveen Kumar re-appointment.
BOARD COMOPOSITION
There was no change in the composition of Board of Director during the current
financial year.
BOARD MEETINGS:
The Company scheduling of meetings of Board with proper notices and agenda &
calendar is prepared and circulated in advance. The Board met Four (4) times during the
year 2016-17, the details of which are given in the Corporate Governance Report. The
intervening gap between the meetings was within the period prescribed under the Companies
Act, 2013 and the Listing Regulations.
POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION:
The Nomination and Remuneration Committee (NRC) works with the Board to determine the
appropriate characteristics, skills and experience for the Board as a whole and its
individual members with the objective of having a Board with diverse backgrounds and
experience in business, education. Characteristics expected of all Directors include
independence, integrity, high personal and professional ethics, sound business judgment,
ability to participate constructively in deliberations and willingness to exercise
authority in a collective manner.
The policy of the Company on directors appointment and remuneration, including
criteria for determining qualifications, positive attributes, independence of a director
and other matters provided under Subsection (3) of Section 178 of the Companies Act, 2013,
adopted by the Board, are stated in this Board report. We affirm that the remuneration
paid to the directors is as per the terms laid out in the nomination and remuneration
policy of the Company.
FAMILIARISATION AND TRAINING PROGRAMME FOR INDEPENDENT DIRECTORS:
Every new independent director of the Board attended an orientation program. To
familiarize the new inductees with the strategy, operations and functions of our Company,
the executive directors / senior managerial personnel make presentations to the inductees
about the Companys strategy, operations, product and service offerings, markets, software
delivery, organization structure, finance, human resources, technology, quality,
facilities and risk management.
The Company has organized the following workshops for the benefit of Directors and
Independent Directors:
(a) a program on how to review, verify and study the financial reports;
(b) a program on Corporate Governance;
(c) Provisions under the Companies Act, 2013; and
(d) SEBI Insider Trading Regulation, 2015;
(e) SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015
Further, at the time of appointment of an independent director, the Company issues a
formal letter of appointment.
BOARD EVALUATION:
The Board evaluated the effectiveness of its functioning, that of the Committees and of
individual Directors. The Board, through Nomination and Remuneration Committee, sought the
feedback of Directors on various parameters such as:
33Degree of fulfilment of key responsibilities towards stakeholders;
• The structure, composition and role clarity of the Board and Committees;
• Extent of co-ordination and cohesiveness between the Board and its Committees;
• Effectiveness of the deliberations and process management;
• Board/Committee culture and dynamics; and
• Quality of relationship between Board Members and the Management.
The Chairman of the Board had one-on-one meeting with the Independent Directors and the
Chairman of NRC had one-on-one meeting with the Executive and Non-Executive Directors.
These meeting were intended to obtain Directors inputs on effectiveness of the
Board/Committee processes.
The Board considered and discussed the inputs received from the Directors. Also, the
Independent Directors at their meeting, reviewed the performance of the Board, Chairman of
the Board and that of Non-Executive Directors.
COMMITTEES OF THE BOARD:
Currently, the Board has three committees: 1. Audit Committee, 2. Nomination and
Remuneration Committee, 3. Stake Holders Relationship Committee & Share Transfer
Committee.
A detailed note on the Board and its committees is provided under the corporate
governance report section in this Annual Report.
COMPENSATION POLICY FOR THE BOARD AND SENIOR MANAGEMENT:
Based on the recommendations of NRC, the Board has approved the Remuneration Policy for
Directors, Key Managerial Personnel (KMP) and all other employees of the Company. As part
of the policy, the Company strive to ensure that the remuneration paid to the Board
members and Senior Management should be appropriate and under the limit of the act.
The Remuneration Policy for Directors, KMP and other employees was adopted by the Board
during the F.Y. 2014-15, during the year, there have been no changes to the Policy.
INDEPENDENT DIRECTORS DECLARATIONS:
The Company has received necessary declaration from each independent director under
Section 149(7) of the Companies Act, 2013, that he/she meets the criteria of independence
laid down in Section 149(6) of the Companies Act, 2013 and the Listing Agreement.
In the opinion of the Board, the independent directors are, individually, person of
integrity and possess relevant expertise and experience.
The Independent Directors under section 149(6) of the Companies Act, 2013 declared
that:
1. They are not a promoter of the Company or its holding, subsidiary or associate
company;
2. They are not directors in the company, its holding, subsidiary or associate company.
3. The independent Directors have/had no pecuniary relationship with company, its
holding, subsidiary or associate company, or their promoters, or directors, during the two
immediately preceding financial years or during the current financial year;
4. None of the relatives of the Independent Directors have or had pecuniary
relationship or transaction with the company, its holding, subsidiary or associate
company, or their promoters, or directors, amounting to two percent. or more of its gross
turnover or total income or fifty lakh rupees or such higher amount as may be prescribed,
whichever is lower, during the two immediately preceding financial years or during the
current financial year;
5. Independent Director, neither himself nor any of his relatives—
• holds or has held the position of a key managerial personnel or is or has been
employee of the company or its holding, subsidiary or associate company in any of the
three financial years immediately preceding the financial year in which he is proposed to
be appointed;
• is or has been an employee or proprietor or a partner, in any of the three
financial years immediately preceding the financial year in which he is proposed to be
appointed, of—
• a firm of auditors or company secretaries in practice or cost auditors of the
company or its holding, subsidiary or associate company; or
DIRECTORS RESPONSIBILITY STATEMENT AS REQUIRED UNDER SECTION 134(3) (c) OF THE
COMPANIES ACT, 2013:
The financial statements are prepared in accordance with the Generally Accepted
Accounting Principles (GAAP) under the historical cost convention on accrual basis.
GAAP comprises mandatory accounting standards as prescribed under Section 133 of the
Companies Act, 2013 (the Act), read with Rule 7 of the Companies (Accounts) Rules, 2014,
the provisions of the Act (to the extent notified) and guidelines issued by the Securities
and Exchange Board of India (SEBI).
Based on the framework of internal financial controls established and maintained by the
Company, work performed by the Internal Audit Team, statutory Auditors and secretarial
auditors including audit of internal financial controls over financial reporting by the
statutory auditors and the reviews performed by Management and the relevant Board
Committees, including the Audit Committee, the Board is of the opinion that the Companys
internal financial controls were adequate and effective during Financial Year 2016-17.
Accordingly, pursuant to Section 134(5) of the Companies Act, 2013, the Board of
Directors, to the best of their knowledge and ability confirm:
a) That in the preparation of the annual accounts, the applicable accounting standards
have been followed along with proper explanation relating to material departures;
b) That 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
profit and loss of the Company for that period;
c) That proper and sufficient care has been taken for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act, 2013 for
safeguarding the assets of the Company and for preventing and detecting fraud and other
irregularities;
d) That the annual accounts have been prepared on a going concern basis;
e) That proper systems to ensure compliance with the provisions of all applicable laws
were in place and that such systems were adequate and operating effectively; and
f) That proper internal financial controls were laid down and that such internal
financial controls are adequate and were operating effectively.
DISCLOSURES AS PER SECTION 134 (3) (M) OF THE COMPANIES ACT, 2013:
i) CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION:
The Companys operations do not require any disclosure of particulars of conservation
of energy and technology absorption prescribed by the rules are not applicable.
ii) FOREIGN EXCHANGE EARNING:
The Company has no foreign exchange inflow or outflow during the year under review.
PARTICULARS OF EMPLOYEES:
In terms of the provisions of Section 197 (12) of the Companies Act, 2013 read with the
Rule 5(2) of the Companies (Appointment and Remuneration) Rules, 2014, as amended from
time to time, the Company is required to disclose the ratio of the remuneration of each
director to the median employees remuneration and such other details, however there are
no such details for reporting under this clause.
CORPORATE SOCIAL RESPONSIBILITY (CSR):
Your Company does not met any of the criteria mentioned in Section 135 of Companies
Act, 2013 and therefore is not required to comply with the requirements mentioned therein.
AUDITORS:
STATUTORY AUDITORS & AUDITORS REPORT:
Anupam Sarkar, Chartered Accountants (Membership No. 050083) Kolkata, who was appointed
in the 32nd annual general Meeting as a statutory auditors of the Company for a
period of 3 year to hold the office until the conclusion of the 35th Annual
General Meeting pursuant to Section 139 and other applicable provisions of the Companies
Act, 2013 and the Rules made there under, as amended from time to time.
As per the requirements of the Provisions of Section 139 of the Companies Act, 2013 the
Shareholders are required to ratify the appointment of Anupam Sarkar, Chartered
Accountants (Membership No. 050083), Chartered Accountant at the ensuing Annual General
Meeting.
The Auditors have not made any qualification to the financial statement. Their reports
on relevant notes on accounts are self explanatory and do not call for any comments under
section 134 of the companies Act, 2013.
SECRETARIAL AUDITOR AND SECRETARIAL AUDIT REPORT:
Mr. Anand Khandelia, Practicing Company Secretaries was appointed to conduct the
secretarial audit of the Company for the financial year 2016-17 as required under Section
204 of the Companies Act, 2013 and Rules thereunder. Secretarial Auditors have not made
any qualification in secretarial audit Report.
The secretarial audit report for FY 2016-17 forms part of the Annual Report and part of
the Boards report as "Annexure - II".
The secretarial auditor in his report given the observations on the Compliances of the
company.
DIRECTORS EXPLANATION FOR THE OBSERVATIONS OF SECRETARIAL AUDITOR:
With respect to the observations of the Secretarial Auditor in their report regarding
delayed filings with Registrar of Companies and Stock Exchange, due to lack of complete
knowledge and compliance requirements of new Companies Act and new rules thereon and due
to Change Companies Act and rules thereon as well as change in listing agreement
(applicability of uniform listing agreements) and change of requirements of compliance the
filings were late with Exchange, the Board of the Company taken on record the same, and
the board decided to take the necessary steps to implement the strong Compliance system,
Further the Board is looking for suitable candidates to handle compliances of the company.
The Board of director will shortly take necessary steps to revocation of the Suspension of
trading of the Securities of the Company on BSE Ltd and securities will be tradable
shortly o BSE Ltd.
INTERNAL FINANCIAL CONTROLS SYSTEM WITH REFERENCE TO THE FINANCIAL STATEMENTS:
The Board of Directors of the Company is responsible for ensuring that Internal
Financial Controls have been laid down in the Company and that such controls are adequate
and operating effectively. The foundation of Internal Financial Controls (IFC) lies in the
Companies Code of Conduct, policies and procedures adopted by the Management, corporate
strategies, annual management reviews, management system certifications and the risk
management framework.
The Company has IFC framework, commensurate with the size, scale and complexity of its
operations. The framework has been designed to provide reasonable assurance with respect
to recording and providing reliable financial and operational information, complying with
applicable laws.
The controls, based on the prevailing business conditions and processes have been
tested during the year and no reportable material weakness in the design or effectiveness
was observed. The framework on Internal Financial Controls over Financial Reporting has
been reviewed by the internal and external auditors.
The Company has its own Internal Audit system, the scope and authority of the Internal
Audit function is to maintain its objectivity and independence, the Internal Audit
function reports to the Chairman of the Audit Committee.
The Internal Audit team monitors and evaluates the efficacy and adequacy of internal
control systems in the Company, accounting procedures and policies of the Company. Based
on the report of internal audit function, process owners undertake corrective action(s) in
their respective area(s). Significant audit observations and corrective action(s) thereon
are presented to the Audit Committee. The Audit Committee reviews the reports submitted by
the Internal Auditors annually.
CODE OF CONDUCT:
The Board of Directors has approved a Code of Conduct which is applicable to the
Members of the Board and all employees in the course of day to day business operations of
the company. The Company believes in "Zero Tolerance" against bribery,
corruption and unethical dealings / behaviours of any form and the Board has laid down the
directives to counter such acts. The Code has been posted on the Companys website
www.kausambivanijya.com
The Code lays down the standard procedure of business conduct which is expected to be
followed by the Directors and the designated employees in their business dealings and in
particular on matters relating to integrity in the work place, in business practices and
in dealing with stakeholders.
The Code gives guidance through examples on the expected behaviour from an employee in
a given situation and the reporting structure.
All the Board Members and the Senior Management personnel have confirmed compliance
with the Code. All Management Staff were given appropriate training in this regard.
DISCLOSURE AS PER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION,
PROHIBITIONAND REDRESSAL) ACT, 2013:
The Company has zero tolerance towards sexual harassment at the workplace and has
adopted a policy on prevention, prohibition and redressal of sexual harassment at
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. During the year, the Company has not received complaint of sexual harassment.
RISK MANAGEMENT:
The Company is open to the elements to uncertainties owing to the sectors in which it
operates. These uncertainties create new business opportunities with intrinsic risks. A
key factor in determining a companys capacity to create sustainable value is the level of
risk that the company is willing to take (at planned and functioning levels) and its
ability to manage them effectively. Many risks exist in a companys operating environment
and they emerge on a regular basis.
The Company has been proactive in adopting new and effective tools to protect the
interests of its stakeholders through establishment of effective Enterprise Risk
Management (ERM). The Companys Risk Management processes focus on ensuring that these
risks are identified on a timely basis and reasonably addressed.
VIGIL MECHANISM:
The Company has formulated the Whistle Blower Policy and adopted by board for Directors
& Employees, Whistle Blower Policy for Vendors and Whistle Blower Reward and
Recognition Policy for Employees to deal with instance of fraud and mismanagement, if any,
in staying true to our values of Strength, Performance and Passion and in line with our
vision of being one of the most respected companies in India.
The Whistle Blower Policy for Directors & employees is an extension of the
Companies Code of Conducts that requires every Director or employee to promptly report to
the Management any actual or possible violation of the CoC or any event wherein he or she
becomes aware of that which could affect the business or reputation of the Company.
The Whistle Blower Policy for Employees has been implemented in order to whistle on any
misconduct, unfair trade practices or unethical activity taking place in the Company, the
Committee reports to the Audit Committee and the Board.
PREVENTION OF INSIDER TRADING:
The Company has adopted a Code of Conduct for Prevention of Insider Trading with a view
to regulate trading in securities by the Directors and designated employees of the
Company. The Code requires pre-clearance for dealing in the Companys shares and prohibits
the purchase or sale of Company shares by the Directors and the designated employees while
in possession of unpublished price sensitive information in relation to the Company and
during the period when the Trading Window is closed. The Board is responsible for
implementation of the Code.
All Board of Directors and the designated employees have confirmed compliance with the
Code.
ACKNOWLEDGEMENTS:
We thank our investors/Members, dealers, customers, business associates and bankers for
their continued support during the year and we look forward to their continued support in
the future. We place on record our appreciation of the contribution made by employees at
all levels.
Our resilience to meet challenges was made possible by their hard work, team spirit,
co-operation and support.
|
FOR AND ON BEHALF OF THE BOARD |
|
GOLDEN BULL RESEARCH & GROWTH LIMITED |
| Place: Kolkata |
|
|
| Date: 14/08/2017 |
|
|
|
Sd/- |
Sd/- |
|
Pankaj Jain |
Naveen Kumar |
| Regd. Off. |
(Managing Director) |
(Director) |
| 128, Hozra Road, Khirod Ghosh Market, |
DIN: 07136843 |
DIN: 06829557 |
| Kolkata – 700026 |
|
|
+91-9892691696
