Today's Top Gainer
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The Board of Directors ("Board") of Aqua Pumps Infra Ventures Limited ("APIVL") with immense pleasure present their Twenty Sixth Annual Report on the business and operations of your Company for the financial year 2017-18. This Report is being presented along with the Audited Statement of the Account for the year.
1) COMPANY PERFORMANCE
The global economic climate posed several challenges, but we made the best use of our resources and abilities for growth. The overall performance for the year spelled growth, both for us and for our clients. During the financial year the Companys Gross Income was Rs. 2321.81 Lakhs. The Profit before Tax for the FY 2017-18 decreased by 86.03% to Rs. 134.15 Lakhs as against Rs. 115.42 Lakhs in FY 2016-17. The Net Worth of the Company as on March 31,2018 was Rs. 3381.05 Lakhs as against Rs. 3273.54 Lakhs as on March 31,2017.
Financial Highlights of the Company (Rs. In Lakhs)
|Particulars||Year Ended 31.03.2018||Year Ended 31.03.2017|
|Profit Before Tax||134.15||115.42|
|Provision for Tax||29.20||44.84|
|Profit After Tax||104.95||70.58|
|Add: Surplus brought forward during the year||447.74||377.16|
|Profit available for Appropriations||552.69||447.74|
|Surplus carried forward||552.69||447.74|
All material transfers to or from reserves or provisions during the financial year have been disclosed in the financial statements.
In order to conserve the resources, your Directors does not recommend any dividend for the year ended March 31, 2018.
4) TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND
The provisions of Section 125(2) of the Companies Act, 2013 do not apply as there was no dividend declared and paid last year.
5) SHARE CAPITAL
The paid up Equity Share Capital as on 31st March, 2018 was Rs. 151,276,000. During the year under review, the Company has not issued any shares. The Company has not issued shares with differential voting rights. It has neither issued employee stock options nor sweat equity shares and does not have any scheme to fund its employees to purchase the shares of the Company.
6) CHANGE IN REGISTERED OFFICE ADDRESS
The Registered office address of the Company has been changed 1001, Sumer Plaza Opp. Tirupati Hotel Marol, Maroshi road Andheri (East) - 400059 to A-8, Narayan Plaza, 26/A, Chandivali road, Off. Sakivihar road, Andheri (East), Mumbai- 400072 w.e.f 28th May, 2018.
7) GOING CONCERN :
These financial statements are prepared under the assumption that the Group is a going concern. The directors of the Group believe that, on the basis of the future business plans & cash flows and the ability to raise funds as required, they have a reasonable expectation that the Group will continue as a going concern.
8) EMPLOYEE INVOLVEMENT :
It is Groups policy for the management of its subsidiaries to meet at regular intervals with representatives of various sections of employees at which relevant information and developments are discussed. It is also Groups policy to
ensure that any local legislative requirements for employee representation or participation are fully adhered to. Information on the Group is provided through internal newsletters, intranet portal and notices. Regular meetings are held with the employees to discuss operations and the financial progress of the business. Leadership assessment programs as well as succession planning is also practiced to identify & develop potential leaders. Training programmes for staff continue to focus on technical, consulting and people skills to meet the needs of high growth business. An induction plan is in place for all new joiners of the Group.
9) SUBSIDIARY COMPANY:
During the year under review, no Company has become or ceased to be Companys subsidiary, joint venture or associate.
Your company has one subsidiary company "Choice Realty Private Limited", during the year, the Board of Directors reviewed the affairs of the subsidiary. In accordance with Section 129(3) of the Companies Act, 2013, we have prepared consolidated financial statements of the company and its subsidiary, which form the part of the Annual Report. Further, a statement containing silent features of the financial statement of our subsidiary in the prescribed format AOC-1 is appended as Annexure attached to the Boards report. The statement also provides details of performance, financial position of subsidiary.
10) DIRECTORS AND KEY MANAGERIAL PERSONNEL
Mrs. Bindi Vinay Vora ( DIN: 02167147), Whole Time Director will retire by rotation at the ensuing Annual General Meeting and, being eligible, has offered herself for reappointment.
Appropriate resolutions for the appointment/re-appointment of Directors are being placed for your approval at the ensuing Annual General Meeting.
Composition of Key Managerial Personnel (KMPs):
The Company has the following KMP:
|Name of the KMP||Designation||Date of Appointment|
|Mr. Govind Patodia||Managing Director||26/09/2015|
|Mrs. Bindi Vora||CFO & WTD||01/09/2014 & 01/10/2014, Respectively|
|Ms. Sweta Bajaj||Company Secretary||13/07/2016|
Board and Committee Meetings
The Board met Four times during the financial year and details of the composition of the Board and its Committees and of the Meetings held and attendance of the Directors at such Meetings, are provided in the Corporate Governance Report. The intervening gap between the Meetings was within the period prescribed under the Act and the SEBI Listing Obligations and Disclosure Requirements (LODR), Regulations, 2015.
Separate Meeting Of Independent Directors:
The Independent Directors were fully kept informed of the Companys activities in all its spheres. During the year under review, a separate meeting of Independent Directors was held on January 30, 2018 and the Independent Directors reviewed the performance of:
a) Non-Independent Directors viz., Mr. Govind Patodia, Managing Director and Mrs. Bindi Vora, whole time Director and CFO; and
b) The Board as a whole.
They reviewed the performance of Chairman after taking into account the views of Executive and Non-Executive Directors.
They also assessed the quality, quantity and timeliness of flow of information between the Companys Management and the Board that are necessary for the Board to effectively and reasonably perform their duties. All the Independent Directors were present at the meeting.
Declaration from Independent Directors
The Company has received declaration from all the Independent Directors of the Company confirming that they meet with the criteria of independence as prescribed under sub-section (6) of Section 149 of the Companies Act, 2013.
Performance Evaluation of the Directors
Pursuant to the provisions of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has carried out an annual performance evaluation of its own performance, the Directors individually as well as the evaluation of the working of its Audit, Nomination & Remuneration Committees. The manner in which the evaluation has been carried out has been explained in the Corporate Governance Report.
Independent directors have three key roles Governance, Control and Guidance. Some of the performance indicators based on which the independent directors are evaluated include:
a) Ability to contribute to and monitor our corporate governance practices.
b) Ability to contribute by introducing international best practices to address top-management issues.
c) Active participation in long-term strategic planning.
d) Commitment to the fulfilment of a Directors obligations and fiduciary responsibilities; these include participation in Board and Committee meetings.
The evaluation of all the Directors, Committees and the Board as a whole was conducted based on the criteria and framework adopted by the Board. The Board approved the evaluation results as collated by the Nomination & Remuneration Committee.
11) RISK MANAGEMENT
The Board has established a Risk Management Policy which formalizes the Companys approach to overview and manage material business risks. The policy is implemented through top down and bottom up approach identifying, assessing, monitoring and managing key risks across the Companys business units.
The main objective of this policy is to ensure sustainable business growth with stability and to promote a pro-active approach in reporting, evaluating and mitigating risks associated with the business. The policy establishes a structured and disciplined approach to Risk Management, in order to guide decisions on risk related issues.
As a matter of policy, these risks are assessed and steps as appropriate are taken to mitigate the same. The Risk Management Policy is also hosted on the Companys website i.e. www.aquapivl.com
The Company has a system of monitoring, reporting and mitigating the major risks and uncertainties that can impact its ability to achieve its strategic business plans. The Company has instituted adequate Internal Controls and processes to have a cohesive view of risks, optimal risk mitigation responses and efficient management of internal control and assurance activities.
In the opinion of the Board, there are no risks which may threaten the existence of the Company.
12) INTERNAL FINANCIAL CONTROL
The Company has in place adequate internal financial controls with reference to financial statements. During the year, such controls were tested and no reportable material weaknesses in the design or operation were observed.
13) MATERIAL CHANGES AND COMMITMENTS
There have been not any material changes and commitments affecting the financial position of the company between the end of financial year of the company as on March 31,2018 and the date of this report.
14) LISTING WITH STOCK EXCHANGES
The Equity Shares of the Company are listed on BSE Limited. The annual listing fees for the financial year 2018-19 have been paid to the exchange.
15) REMUNERATION POLICY
The Board on the recommendation of Remuneration Committee has framed a policy for selection and appointment of Directors, Key Managerial Personnel and other employees. The details pertaining to composition of Nomination and Remuneration Committee and Remuneration Policy are included in the Corporate Governance Report which forms a part of this Report.
16) COMMITTEES OF BOARD
The details of all the Committees of the Board including the Audit Committee, along with their charters, composition and meetings held during the year, are provided in the Report on Corporate Governance which forms part of this Annual Report.
17) AUDITORS Internal Auditor
The Internal Auditors, M/s R R Bajaj & Company, Chartered Accountants have conducted internal audits periodically and submitted their reports to the Audit Committee. Their reports have been reviewed by the Statutory Auditors and the Audit Committee.
As per Section 139 (1) of the Companies Act, 2013 (Act), the terms of appointment of M/s. Agarwal Desai & Shah, Chartered Accountants, expires at the conclusion of the forthcoming Annual General Meeting and being eligible have offered themselves for re-appointment.
Section 139 (2) of the Act provides that every company, existing on or before the commencement of this Act which is required to comply with provisions of this sub-section, shall comply with the requirements of this sub-section within three years from the date of commencement of this Act. Accordingly, M/s. Agarwal Desai & Shah, is eligible for reappointment for the Financial Year 2018-2019.
The Company has received letter from them to the effect that their reappointment, if made, would be within prescribed limit under Section 141 of the Companies Act, 2013 read with Rule 4(1) of the Companies (Audit & Auditors) Rules, 2014 and that they are not disqualified for reappointment.
As required under Section 204 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014, the Company has appointed NIDHI BAJAJ & ASSOCIATES LLP, Company Secretaries, Mumbai to undertake the Secretarial Audit of the Company. The Secretarial Audit Report is annexed herewith the report.
The Statutory Audit Report and the Secretarial Audit Report for the financial year 2017-18 does not contain any qualification, reservation or adverse remarks by the Auditors.
18) 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 wwwaquapivl.com .
19) WHISTLE BLOWER POLICY/ VIGIL MECHANISM
To create enduring value for all stakeholders and ensure the highest level of honesty, integrity and ethical behaviour in all its operations, the company has formulated a Vigil Mechanism named as SPARC Whistle Blower Policy in addition to the existing code of conduct that governs the actions of its employees. This Whistle Blower Policy aspires to encourage all employees to report suspected or actual occurrence(s) of illegal, unethical or inappropriate events (behaviours or practices) that affect Companys interest / image.
The Policy is disclosed on the Companys website at wwwaquapivl.comunder investors/policy documents/Vigil Mechanism Policy link.
20) 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 Directors and the designated employees have confirmed compliance with the Code.
21) PUBLIC DEPOSITS
The Company has not accepted any deposit from the public within the meaning of Chapter V of the Companies Act 2013 and the Companies (Acceptance of Deposits) Rules, 2014 for the year ended 31st March 2018.
22) CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION
In view of the nature of activities which are being carried on by the Company, provisions regarding conservation of energy and technology read with Section 134(3)(m) of the Companies Act, 2013 and Rule 8(3) of the Companies (Accounts) Rules, 2014 are not applicable.
23) AND FOREIGN EXCHANGE EARNINGS AND OUTGO
There were no Foreign Exchange Earnings and Outgo during the year.
24) ANNUAL RETURN
In accordance with the provision of section 92 of the Companies Act, 2013 and the Rules framed thereunder, the extract of Annual Return in the prescribed form MGT-9 is provided in Annexure attached to this Report.
25) PARTICULARS OF EMPLOYEES
As required under the provisions of Section 197(12) of the Companies Act, 2013 read with rule 5 of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014 the prescribed particulars are set out in an annexure to the Directors Report. As per the provisions of Section 136(1) of the said Act, this particulars will be made available to any Shareholders on request.
26) CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES
All contracts/ arrangements/ transactions entered by the Company during the financial year with related parties were in the ordinary course of business and on an arms length basis. Such transactions form part of the notes to the financial statements provided in this Annual Report.
During the year, the Company had not entered into any contract/ arrangement/ transaction with related parties which could be considered material in accordance with the policy of the Company on materiality of related party transactions.
The Policy on materiality of Related Party Transactions and dealing with Related Party Transactions as approved by the Board may be accessed on the Companys website i.e. www.aquapivl.com
The summary of related party transactions is provided in the Annexure attached to this Report.
27) DETAILS OF LOANS / GUARANTEES / INVESTMENTS MADE
The company has complied with the provisions of Section 186 of companies Act, 2013 in relation to Loan, Investment & Guarantee given by the company during the financial year 2017-18. The details of the investments made by company are given in the notes to the financial statements.
28) CORPORATE GOVERNANCE
A Report on Corporate Governance is appended together with a Certificate on Corporate Governance issued by M/s Aggarwal Desai & Shah, Chartered Accountants confirming compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
29) MANAGEMENT DISCUSSION AND ANALYSIS
A detailed review on the operations and performance of the Company and its business is given in the Management Discussion and Analysis, which forms part of this Annual Report.
30) OTHER LAWS
APIVLis fully committed to uphold and maintain the dignity of every women employee working with it. It believes that every woman shall have the right to work in an environment free from any form of sexual harassment. APIVL has a Policy on Prevention of Sexual Harassment of Women at Workplace and has set up Committee for implementation of said policy, which provide for protection against sexual harassment of women at workplace and for prevention and redressal of such complaints.
During the financial year 2017-18, no cases in the nature of sexual harassment were reported at any workplace of Aqua Pumps Infra Ventures Limited.
With the aim of going green and minimizing our impact on the environment, we are sending electronic copies of the Annual Report 2017 and Notice of the 26th AGM to all members whose email addresses are registered with the Company / Depository Participant(s). For members who have not registered their email addresses, physical copies of the Annual Report 2018 and Notice of the 26th AGM are being sent in the permitted mode. Members requiring physical copies can send a request to the Company Secretary. The Company is providing e-voting facility to all members to enable them to cast their votes electronically on all the resolutions set forth in the notice. This is pursuant to section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014. The instructions for e-voting are provided in the Notice.
31) DIRECTORS RESPONSIBILITY STATEMENT
Based on the framework of internal financial controls and compliance systems established and maintained by the Company, work performed by the Internal, Statutory and Secretarial 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 the financial year 2017-18.
Accordingly, pursuant to Section 134 (3) (c) and 134 (5) of the Companies Act, 2013, the Board of Directors, to the best of their knowledge and ability, confirm that:
a) in the preparation of the annual accounts, the applicable accounting standards have been followed and that there are no material departures;
b) they 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 of the Company for that period;
c) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
d) they have prepared the annual accounts on a going concern basis;
e) they have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively;
f) they have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.
Your Directors wish to thank all stakeholders and business partners, Companys bankers, medical profession and business associates for their continued support and valuable co-operation. The Directors also wish to express their gratitude to investors for the faith that they continue to repose in the Company.
|Date: August 10, 2018|
|Place: Mumbai||By Order of the Board of Directors|
|(Govind Patodia)||(Bindi Vora)|
Statement containing the Silent features of the financial statement of subsidiaries /associate companies/joint Ventures AOC-1
PART "A" SUBSIDIARIES
(Pursuant to first proviso to Sub-section (3) of section 129 of the Companies Act.2013, read with Rule 5 of the Companies Account Rules, 2014)
|Sr. No||Name of the Subsidiary||Reporting Period||Exchange Rate||Share Capital||Reserves & Surplus||Total Assets||Total Liabilities||Investments Turnover Profit Before Taxation||Provision for taxation||ProfiT After Taxation||Proposed Dividend|
|1||Choice Reality Private Limited||March 31, 2018||INR||2,100,000||64,000,000||76,894,000||76,894,000||(514000)||-||(514000)||-|
PART "B" : ASSOCIATES AND JOINT VENTURES
Statement pursuant to Section 129 (3) of the Companies Act.2013 related to Associate Companies and Joint Ventures
Note: There is no "ASSOCIATES AND JOINT VENTURE " company.
PARTICULARS OF CONTRACTS/ARRANGMENTS MADE WITH RELATED PARTIES (AOC-2)
Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Account) Rules.2014 "Form for disclosure od particulars of contract/arrangements enetred into by the company with related parties referred to in sub section (1) of section 188 of the Companies Act, 2013 including certain arms length transaction under third proviso thereto "
1 .Details of contracts or arrangments or transaction not at arms length basis There were no contracts or arrangements or transaction enetred in to during the year ended March 31, 2018, which were not at arms length basis.
2.Details of material contracts or arrangments or transaction at arms length basis
|Names of the Related Party||Nature of Relationship||Nature of contracts||Duration of Contracts||Silent Terms of Contracts||Dates of Approval by the Board|
|Choice International Limited||Promoter Company||Office Rent + Service Charge||10 Years||Lease Rent for office Premises+ Service Charge||February 13, 2015|
FORM NO. MGT 9 EXTRACT OF ANNUAL RETURN
as on financial year ended on 31.03.2018
Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Company (Management & Administration ) Rules, 2014.
|I REGISTRATION & OTHER DETAILS:|
|ii Registration Date||21/12/1992|
|iii Name ofthe Company||Aqua Pumps Infra Ventures Limited|
|iv Category/Sub-category of the Company||Company Limited by Shares/ Indian Non Government Company|
|v Address of the Registered office & contact details||A-8, Narayan Plaza, 26/A, Chandivali road, Off. Sakivihar road, Andheri East, Mumbai- 400072|
|vi Whether listed company||Listed|
|vii Name , Address & contact details of the Registrar & Transfer Agent, if any.||Skyline Financial Services Private LimitedD-153A, 1st Floor, Okhla Industrial Area, Phase-I, New Delhi-110020|
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
|SL No||Name & Description of main products/services||NIC Code of the Product /service||% to total turnover of the company|
III PARTICULARS OF HOLDING , SUBSIDIARY & ASSOCIATE COMPANIES
|Sl No||Name & Address of the Company||CIN/GLN||HOLDING/SUBSIDIARY/ ASSOCIATE||APPLICABLE SECTION|
|1||Choice Reality Private Limited Address : 374, 3rd Floor, Powai Plaza Building, Powai, Mumbai- 400072.||U70102MH2010PTC198599||Subsidiary||2(87)|
IV SHAREHOLDING PATTERN (Equity Share capital Break up as % to total Equity)
|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|
|b) Central Govt.or State Govt.||-||-||-||-||-||-||-||-||-|
|c) Bodies Corporates||5952850||-||5952850||39.35||5952850||-||5952850||39.35||-|
|e) Any other||-||-||-||-||-||-||-||-||-|
|SUB TOTAL:(A) (1)||5952850||-||5952850||39.35||5952850||-||5952850||39.35||-|
|a) NRI- Individuals||-||-||-||-||-||-||-||-||-|
|b) Other Individuals||-||-||-||-||-||-||-||-||-|
|c) Bodies Corp.||-||-||-||-||-||-||-||-||-|
|e) Any other...||-||-||-||-||-||-||-||-||-|
|SUB TOTAL (A) (2)||-||-||-||-||-||-||-||-||-|
|Total Shareholding of Promoter||5952850||5952850||39.35||5952850||5952850||39.35|
|(A)= (A)(1 )+(A)(2)|
|B. PUBLIC SHAREHOLDING|
|a) Mutual Funds||-||-||-||-||-||-||-||-||-|
|C) Cenntral govt||-||-||-||-||-||-||-||-||-|
|d) State Govt.||-||-||-||-||-||-||-||-||-|
|e) Venture Capital Fund||-||-||-||-||-||-||-||-||-|
|f) Insurance Companies||-||-||-||-||-||-||-||-||-|
|h) Foreign Venture Capital Funds||-||-||-||-||-||-||-||-||-|
|i) Others (specify)||-||-||-||-||-||-||-||-||-|
|SUB TOTAL (B)(1):||-||300||300||0||-||300||300||0||-|
|(2) Non Institutions||-||-||-||-||-||-||-||-||-|
|a) Bodies corporates|
|i) Individual shareholders holding nominal share capital upto Rs.2 lakhs||546095||265860||811955||5.37||377885||250460||628345||4.15||-0.07|
|ii) Individuals shareholders holding nominal share capital in excess of Rs. 2 lakhs||1508911||293640||1802551||11.92||1648681||247940||1896621||12.54||-0.52|
|c) Others (specify)||152081||0||152081||1||69076||0||69076||0.46||-0.54|
|SUB TOTAL (B)(2):||8607040||567400||9174440||60.65||8668150||506300||9174450||60.65||0|
|Total Public Shareholding (B)= (B)(1 )+(B)(2)||8607050||567700||9174750||60.65||8668150||506300||9174450||60.65||0|
|C. Shares held by Custodian for
GDRs & ADRs
|Grand Total (A+B+C)||14559900||567700||15127600||100||14621000||506600||15127600||100.00||0|
(ii) SHARE HOLDING OF PROMOTERS
|Sl No.||Shareholders Name||
Shareholding at the begginning of the year
Shareholding at the end of the year
|NO of shares||% of total shares of the company||% of shares pledged||NO of shares||% of total shares of the company||% of shares pledged encumbered to||% change in share holding during the year|
|1||Choice international Limited||5417850||35.81||0||5952850||39.35||0||0|
|2||Choice Equity Broking Private Limited||535000||3.54||0||0||0||0||0|
(iii) CHANGE IN PROMOTERS SHAREHOLDING ( SPECIFY IF THERE IS NO CHANGE)
Share holding of Year Cumulative Share holding during the year
|Date of Event||No. of Shares||% of total shares of the company||No of shares||% of total shares of the company|
|i)||Choice International LTD|
|At the beginning of the year||5417850||35.81||5952850||39.35|
|Purchase/Sale of share||53500||0||0||0|
|At the end of the year||5952850||35.81||5952850||39.35|
|ii)||Choice Equity Broking PVT LTD|
|At the beginning of the year||535000||3.54||0||0|
|Purchase/Sale of share||-535000||0||0||0.00|
|At the end of the year||0||3.54||0||0|
(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters & Holders of GDRs & ADRs)
|SR.No||Name of Shareholdres||Shareholding at the beginning of the year 01.04.2017||Brought during the year||Sold during the year||Shareholdin g at the end of the year 31.03.2018|
|No.of Shares||% of total shares of the Company||No.of Shares||% of total shares of the Company|
|1||AZURA PROJECTS PRIVATE LIMITED||810000||5.35||2070874.00||-||2880874||19.04|
|2||FLORENCE SECURITIES PRIVATE LIMITED||53521||0.35||2190388||-||2243909||14.83|
|3||CHARTERED CAPITAL RESEARCH PRIVATE LIMITED||144000||0.95||483834||-||627834||4.15|
|4||CARRON INVESTMENTS PRIVATE LIMITED||0||0.0000||339510||-||339510||2.24|
|5||S & D SHARE & STOCK PRIVATE LIMITED||0||0||195020||-||195020||1.29|
|6||MANASVI CONSULTANCY PRIVATE LIMITED||1364483||9.02||25214||1389697||1389697||9.19|
|7||MANOHAR G KODAM||200000||1.32||15270||-||215270||1.42|
|8||DATTARAM PANDURANG MALI||125000||0.83||188500||-||313500||2.07|
|9||ANIL ANANT MAHADIK||164134||1.08||45000||-||209134||1.38|
|10||SHYAMCHANDRA HOUSHILA SHARMA||72465||0.48||92535||-||165000||1.09|
(v) Shareholding of Directors & KMP
|Sl. No||Shareholding at the end of the year||Cumulative Shareholding during the year|
|For Each of the Directors & KMP||Date||No.of shares||% of total shares of the company||No of shares||% of total shares of the company|
|At the beginning of the year|
|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)|
|At the end of the year|
Indebtedness of the Company including interest outstanding/accrued but not due for payment
|Loans (Long Term)|
|Indebtness at the beginning of the financial year|
|i) Principal Amount||3,244,293|
|ii) Interest due but not paid||-|
|iii) Interest accrued but not due||-|
|Change in Indebtedness during the financial year|
|Indebtedness at the end of the financial year|
|i) Principal Amount||29,739,000|
|ii) Interest due but not paid||-|
|iii) Interest accrued but not due||-|
VI REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
A. Remuneration to Managing Director, Whole time director and/or Manager:
|Sl.No||Particulars of Remuneration||Name of the Whole Time Director||Name of the Managing Director|
|1||Gross salary||Bindi Vinay Vora||Govind Patodia|
|(a) Salary as per provisions contained in section 17(1) of the Income Tax. 1961.||460,000||600,000|
|(b) Value of perquisites u/s 17(2) of the Income tax Act, 1961||200,000||321,000|
|(c ) Profits in lieu of salary under section 17(3) of the Income Tax Act, 1961|
|as % of profit||-||-|
|5||Others, please specify||-||-|
|Ceiling as per the Act|
B. Remuneration to other directors:
|Sl.No||Particulars of Remuneration||Name of the Directors|
|(a) Fee for attending board committee meetings||-|
|(c ) Others, please specify||-|
|2||Other Non Executive Directors|
|(a) Fee for attending board committee meetings||-|
|(c ) Others, please specify.||-|
|Total Managerial Remuneration|
|Overall Cieling as per the Act.|
VII PENALTIES/PUNISHMENT/COMPPOUNDING OF OFFENCES
|Type||Section of the Companies Act||Brief Description||Details of Penalty/Punis hment/Comp ounding fees imposed||Authority (RD/NCLT/ Court)||Appeall made if any (give details)|
|C. OTHER OFFICERS IN DEFAULT|