Pursuant to the provisions of SEBI (LODR) Regulations 2015, Management
Discussion and Analysis Report is given below:
COMPANYS PRODUCTS / SERVICES
Plastic Division: Our Company is Manufacturing HDPE/PP Woven sacks for
packing of Fertilizers & Cement.
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:
The Internal control systems are aimed at promoting operational
efficiencies while stressing adherences to policies. The systems are designed with
adequate internal controls commensurate size and nature of operations. Transactions are
executed in accordance with the company policies. Assets are safeguarded and deployed in
accordance with the Companys Policies.
The Company has in place adequate internal financial controls with
reference to financial statements. Periodic audits are undertaken on a continuous basis
covering all the operations i.e., manufacturing, sales & distribution, marketing,
finance, etc. Reports of internal audits are reviewed by management from time to time and
desired actions are initiated to strengthen the control and effectiveness of the system.
MATERIAL DEVELOPMENTS IN HUMAN RESOURCES/INDUSTRIAL RELATIONS:
The Company is able to retain the experienced staff, in spite of the
copper consuming Industries are under recession, the Company feels confident of keeping
its manpower costs to below industry norms. The atmosphere that is created in the
organization is conducive for self-development and career growth; this is the success in
retaining our manpower.
INDEPENDENT DIRECTORS
All Independent Directors have given declarations that they meet the
criteria of independence as laid down under Section 149 of the Companies Act, 2013 and the
provisions of SEBI (LODR) Regulations 2015. The Company has complied with the requirement
of training of the Independent Directors and their performance evaluation and holding
separate meetings for the Independent Directors.
1. DETAILS OF ANNUAL GENERAL MEETINGS: LOCATION AND TIME OF THE LAST
THREE AGMS.
| AGM |
YEAR |
VENUE |
DATE |
TIME |
| 37th |
2021-2022 |
Video Conferencing ("VC") / |
30.09.2022 |
12: 30 P.M |
|
|
Other Audio-Visual Means ("OAVM") |
|
|
| 36th |
2020-2021 |
Video Conferencing ("VC") / |
29.09.2021 |
12: 30 P.M |
|
|
Other Audio-Visual Means ("OAVM") |
|
|
| 35th |
2019-2020 |
Video Conferencing ("VC") / |
29.09.2020 |
12: 30 P.M |
|
|
Other Audio-Visual Means ("OAVM") |
|
|
Postal ballot:
During the year under review, the company has not conducted any postal
Ballot
DISCLOSURES i. There were no materially significant related party
transactions that may have potential conflict with the interest of the Company at large.
ii. There was no incidence of non-compliance during the last three
years by the Company on any matter related top Capital markets. There were no penalties,
strictures imposed on the company by Stock Exchange or SEBI or any statutory authority.
iii. The Company has complied with all the mandatory requirements of
SEBI (LODR) Regulations
2015.
9. NOTES ON DIRECTORS APPOINTMENT/RE-APPOINTMENT:
Relevant details form part of the explanatory statement to the notice
of the Annual General
Meeting/Directors Report.
10. MEANS OF COMMUNICATIONS:
The quarterly, half-yearly and yearly financial results will be sent to
the Stock Exchanges immediately after the Board approves the same and these results will
also be published in prominent daily newspapers.
These financial statements, press releases are also posted on the
Companys website. As the financial performance of the Company is well published,
individual communication of half yearly results are not sent to the shareholders.
The Management Discussion and Analysis Report forms part of the annual
report, which is posted to the shareholders of the Company.
11. GENERAL SHAREHOLDER INFORMATION:
(I) Annual General Meeting
| Date : |
23-09-2023 |
| Time : |
12: 30 PM |
| Venue : |
Video Conferencing ("VC") / Other
Audio-Visual |
|
Means ("OAVM") |
(II) Financial Calendar 1st April, 2022 to 31st
March, 2023 (Tentative Schedule)
| Quarter ending June 30, 2023 |
: Declared on 12th August, 2023 |
| Quarter ending September 30, 2023 |
: On or before 14th November, 2023 |
| Quarter ending December 31, 2023 |
: On or before 14th February, 2024 |
| Quarter ending March 31, 2024 |
: on or before 30th May 2024 |
Annual General Meeting for FY
ended 31st March, 2024 |
: On or before 30th
September, 2024 |
| (III) Date of Book Closure |
Saturday, 16th September 2022 to
Saturday, |
|
23rd September 2022 (both days
inclusive) |
(IV) Listing on Stock Exchanges: BSE Limited (BSE)
The listing fee has been paid to all the Stock Exchanges where the
Companys shares are listed.
| (V) Stock Code |
|
| BSE Limited (BSE) |
: 526554 /SALGUTI |
| Dematerialization of Securities |
: ISIN: INE159C01012 |
(VI) Market Price Data: High, Low during each Month in last Financial
Year
During the financial year the shares of the company were traded on BSE
Limited, the following Market Price High & Low during each Month in the Last Financial
Year 2022-2023 as follows:
| Month |
High |
Low |
| Apr-2022 |
21.00 |
13.20 |
| May-2022 |
21.95 |
19.00 |
| Jun-2022 |
24.25 |
19.25 |
| Jul-2022 |
28.20 |
22.85 |
| Aug-2022 |
26.80 |
26.80 |
| Oct-2022 |
27.00 |
26.40 |
| Nov-2022 |
27.00 |
23.85 |
| Dec-2022 |
26.50 |
26.00 |
| Jan-2023 |
26.55 |
20.80 |
| Feb-2023 |
27.40 |
20.55 |
| Mar-2023 |
27.50 |
26.30 |
(VII) Stock Performance in Comparison to Broad-based indices such as
BSE Sensex, CRISIL Index, BZX 200, Nifty etc.
During the financial year the shares of the company were traded
actively and the Share price has been moving with the trend of the indices.
| (VIII) Transfer Agents |
M/s. Aarthi Consultants Private Limited |
|
1-2-285, Domalguda, Hyderabad 500 029. |
|
Ph: 040-2763 8111; 040-2763 4445 |
|
Fax: 040-2763 2184 |
|
Website: www.aarthiconsultants.com |
|
Email: info@aarthiconsultants.com |
| (IX) Share Transfer System |
M/s. Aarthi Consultants Private Limited |
| Documents will be accepted at |
1-2-285, Domalguda, Hyderabad 500 029. |
|
Ph: 040-2763 8111; 040-2763 4445 |
|
Fax: 040-2763 2184 |
|
Website: www.aarthiconsultants.com |
|
Email: info@aarthiconsultants.com |
The Shares of the Company are in physical form and electronic form. The
transfer of shares in demat form is done through the Depositories without involvement of
the Company. As regards, transfer of shares held in physical form, the transfer documents
can be lodged with Company as well as Registrars M/s. Aarthi Consultants Private Limited
at above-mentioned address.
The Transfer of shares in physical form is normally processed within
10-15 days from the date of receipt if the documents are complete in all respects. The
Share Transfer Committee severally empowers to approve the transfers.
(X) Statement Showing Distribution Schedule as on 31.03.2023
SL NO |
CATEGORY |
HOLDERS |
HOLDERS PERCENTAGE |
SHARES |
AMOUNT |
AMOUNT PERCENTAGE |
| 1 |
1 - 5000 |
2540 |
79.18 |
544450 |
5444500 |
7.22 |
| 2 |
5001 - 10000 |
282 |
8.79 |
244402 |
2444020 |
3.24 |
| 3 |
10001 - 20000 |
296 |
9.23 |
530489 |
5304890 |
7.04 |
| 4 |
20001 - 30000 |
25 |
0.78 |
64384 |
643840 |
0.85 |
| 5 |
30001 - 40000 |
12 |
0.37 |
42118 |
421180 |
0.56 |
| 6 |
40001 - 50000 |
13 |
0.41 |
63600 |
636000 |
0.84 |
| 7 |
50001 - 100000 |
16 |
0.5 |
107121 |
1071210 |
1.42 |
| 8 |
100001 & Above |
24 |
0.75 |
5940136 |
59401360 |
78.82 |
Total: |
|
3208 |
100 |
7536700 |
75367000 |
100 |
(XI) Statement Showing Shareholding Pattern as on 31.03.2023
Category |
Category of shareholder |
No. of share holders |
No. of fully paid up equity
shares held |
Shareholding as a % of total
no. of shares |
| (A ) |
Promoter & Promoter Group |
12 |
5054600 |
67.07 |
| (B ) |
Public |
3196 |
2482100 |
32.93 |
|
Total |
|
7536700 |
100.00 |
(XII) Dematerialization of shares & liquidity
The Companys shares are compulsory traded in dematerialized form
and are available for trading on both the Depositories in India viz. National Securities
Depository Limited (NSDL) and Central Depositary Services (India) Limited (CDSL). Company
representing 79.91% of the companys share capital are dematerialized as on 31st
March 2023.
The Companys shares are listed and eligible to trade on the
above-mentioned Stock Exchanges in electronic form. Under the Depository System, the
International Securities Identification Number (ISIN) allotted to the Companys
shares is INE159C01012.
| (XIII) Plant Location |
Plot No. 154/A2, |
|
Survey No. 548/A, |
|
Sri Venkateswara Indl.
Bollaram, Medak Dist. Telangana |
Estate, |
Mudireddypalli Village,
Balanagar Mandal, Mahaboobnagar Dist. Telangana |
(XIV) Address for Correspondence |
# 8-2-334/18, 3rd |
Floor, Road No.3, Banjara Hills, |
|
|
Hyderabad-500034, Telangana,
India |
12. OTHER DISCLOSURES AS PER THE PROVISIONS OF SEBI(LODR)
REGULATIONS 2015
i. Code of Conduct
The Company has formulated and implemented a Code of Conduct for Board
Members and Senior Management of the Company. Requisite annual affirmations of compliance
with the respective Codes have been made by the Directors and Senior Management of the
Company.
ii. Certificate of Code of Conduct for the year 2022-2023
M/s. Salguti Industries Limited is committed for conducting its
business in accordance with the applicable laws, rules and regulations and with highest
standards of business ethics. The Company has adopted "Code of Conduct" which is
applicable to all director, officers and employees.
I hereby certify that all the Board Members and Senior Management have
affirmed the compliance with the Code of Conduct, under a certificate of Code of Conduct
for the year 2022-2023.
|
Sd/- |
| Place: Hyderabad |
Vishnu Vardhan Reddy |
| Date: 21-08-2023 |
Managing Director |
|
DIN: 00051641 |
iii. Disclosure of Accounting Treatment
The Company has complied with the appropriate accounting policies and
has ensured that they have been applied consistently. There have been no deviations from
the treatment prescribed in the Accounting Standards notified under the provisions of the
Companies Act, 2013.
iv. Non executive directors compensation and disclosures
None of the Independent / Non-executive Directors has any pecuniary
relationship or transactions with the Company which in the judgment of the Board may
affect the independence of the Directors.
v. CEO/CFO Certification
The CEO and CFO certification of the financial statements for the year
2022-2023 is provided elsewhere in this Annual Report.
|
For SALGUTI INDUSTRIES LIMITED |
|
|
Sd/- |
Sd/- |
| Place: Hyderabad |
S.Vishnu Vardhan Reddy |
S.Rajitha Reddy |
| Date: 21-08-2023 |
Managing Director |
Whole-Time Director |
|
DIN: 00051641 |
DIN: 00051603 |
CERTIFICATE BY THE CHIEF EXECUTIVE OFFICER (CEO) AND THE CHIEF
FINANCIAL OFFICER (CFO)
I, Mr. Vishnuvardhan Reddy Salguti, Managing Director of M/s Salguti
Industries Limited certify:
1. That we have reviewed the financial statements and the cash flow
statement for the year ended 31st March 2023 and to the best of our knowledge
and belief; ? These statements do not contain any materially untrue statement nor omit any
material fact nor contain statements that might be misleading, and
? These statements present a true and fair view of the companys
affair and are in compliance with the existing accounting standards, applicable laws and
regulations.
2. That there are, to the best of our knowledge and belief, no
transactions entered into by the company during the year, which are fraudulent, illegal or
violative of the companys code of conduct;
3. That we accept responsibility for establishing and maintaining
internal controls, we have evaluated the effectiveness of the internal control systems of
the company and we have disclosed to the auditors and the audit committee, deficiencies in
the design or the operation of internal controls, if any, of which we are aware and the
steps that we have taken or purpose to take and rectify the identified deficiencies and;
4. That we have informed the auditors and the audit committee of:
a) Significant changes in the internal control during the year; b)
Significant changes in accounting policies during the year and that the same have been
disclosed in the notes to the financial statements; and c) There is no Instances of
significant fraud of which we have become aware and the involvement of an employee having
a significant role in the companys internal control system.
|
Sd/- |
Sd/- |
| Place: Hyderabad |
S. Vishnu Vardhan Reddy |
S Rajitha Reddy |
| Date: 21-08-2023 |
Managing Director |
Chief Financial Officer |
+91-9892691696
