Dear Shareholders,
Your Directors have pleasure in presenting the 29th Annual
Report together with Audited Financial Statements of the Company for the Financial Year
ended 31st March, 2023. Further, in compliance with the Companies Act, 2013 the
Company has made requisite disclosures in this Boards Report with the objective of
accountability and transparency in its operations to make you aware about its performance
and future perspective of the Company.
FINANCIAL SUMMARY
The audited financial statements of the Company as on 31st
March, 2023 are prepared in accordance with the relevant applicable IND AS and Regulation
33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
("Listing Regulations") and provisions of the Companies Act, 2013
("Act"). The financial highlights of the Company for the year ended 31st
March, 2023 are as follows:
| PARTICULARS |
STANDALONE |
CONSOLIDATED |
|
2022-23 |
2021-22 |
2022-23 |
2021-22 |
| Revenue from operations |
2068.30 |
1734.55 |
4429.71 |
4638.59 |
| Other Income |
11.36 |
13.97 |
67.16 |
28.25 |
| Total Income |
2079.66 |
1748.52 |
4496.87 |
4666.84 |
| Total Expenses |
2122.27 |
1805.77 |
4190.15 |
4584.10 |
| Profit/(Loss) before exceptional items & tax |
(42.62) |
(57.25) |
306.72 |
82.74 |
| Exceptional Items |
0.00 |
18.84 |
3.64 |
20.34 |
| Profit/(Loss) before tax |
(42.61) |
(76.09) |
303.08 |
62.40 |
| Tax Expenses |
0.76 |
0.18 |
0.54 |
2.70 |
| Profit/(Loss) after tax |
(43.37) |
(76.27) |
302.54 |
59.70 |
| Paid up Equity Share Capital |
624.72 |
624.72 |
624.72 |
624.72 |
| Earnings per share (Rs.) Basic & diluted |
(7.21) |
(5.89) |
(1.67) |
(3.71) |
INDIAN ACCOUNTING STANDARDS (Ind AS)
As mandated by the Ministry of Corporate Affairs, the Company has
adopted Indian Accounting Standards ("Ind AS") from 1st April, 2017.
The financial statements of the Company for the financial year 2022-23 have been prepared
in accordance with Ind AS, prescribed under Section 133 of the Companies Act, 2013 read
with the Companies (Indian Accounting Standards) Rules, 2015 and the other recognized
accounting practices and policies to the extent applicable.
DIVIDEND
The strength of your company lies in identification, execution and
successful implementation of its projects. To strengthen the long term prospects and
ensuring sustainable growth in assets & revenue, it is important for your company to
evaluate various opportunities in different business verticals in which your company
operates. Your company continues to explore newer opportunities. Your Board of Directors,
considers this be in strategic interest of the company and believes that this will greatly
enhance the long term shareholders value. In order to fund companys projects and
assignments in its development, expansion and implementation stages, conservation of funds
is of vital importance. Therefore, your Board has not recommended any dividend for the
financial year ended 31st March, 2023.
TRANSFER TO RESERVE
The Board of Directors has not proposed any amount for transfer to
reserves for the year ended 31st March 2023.
CHANGE IN NATURE OF BUSINESS
During the year there was no change in the nature of business of the
company.
OPERATIONS
During the year under review, Revenue from operations and Other Income
of the Company stood at Rs. 2079.66 Lacs showing increasing trend over the previous year
Revenue from operations and Other Income Rs. 1748.52 Lacs. Profit/Loss before tax has
decreased and stood at Rs. 42.61 Lacs as compared to previous year figures Rs. 76.09 Lacs
and Net Profit/Loss increased and stood at Rs. 43.37 Lacs as compared to previous year Net
Profit/Loss Rs. 76.27 Lacs.
On a consolidated basis, the total revenue stood at Rs. 4496.87 Lacs as
compared to previous year figures Rs. 4666.84 Lacs and Net Profit for the year stood at
Rs. 302.54 Lacs as compared to previous year Net Profit Rs. 59.70 Lacs.
Our Company is under the good management guidance and control that help
continued in achieving the targets of cutting down in the cost of operations and getting
efficiency in this area by using better alternated resources/means.
DEPOSITS
The Company has not accepted any deposits from the public within the
meaning of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of
Deposits) Rules, 2014. The Company has not received any unsecured loan from director
during the financial year.
SHARE CAPITAL
The Authorized Share Capital as on 31st March, 2023 was Rs.
7,00,00,000 divided into 70,00,000 shares of Rs. 10/- each.
The paid up Equity Share Capital as on 31st March, 2023 was
Rs. 6,24,72,000 divided into 62,47,200 shares of Rs. 10/- each.
Further the company has not issued any shares with differential voting
rights, sweats equity shares, Bonus Shares and also not granted stock options as
prescribed in Companies Act, 2013 and rules framed there under.
TRANSFER TO INVESTOR EDUCATION AND PROTECTION FUND
There were no funds which were required to be transferred to Investor
Education and Protection Fund.
INSURANCE
All properties and insurable interests of the Company including
Building and Plant & Machinery have been adequately insured.
HUMAN RESOURCE & INDUSTRIAL RELATIONS
Industrial relations were harmonious throughout the year. The Board
wishes to place on record their sincere appreciation to the co-operation extended by all
the employees in maintaining cordial relations.
CORPORATE GOVERNANCE AND MANAGEMENT DISCUSSION & ANALYSIS REPORTS
A separate report on Corporate Governance in terms of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 forms integral part of this
report. Certificate regarding compliance of conditions of Corporate Governance Report
issued by Practicing Company Secretary is attached separately to this report.
Management Discussion and Analysis Report as required under Regulation
34 of Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 is attached separately to this Annual Report.
DIRECTORS RESPONSIBILITIES STATEMENT
To the best of their knowledge and belief, your Directors make the
following statements in terms of Section 134(3)(c) read with Section 134(5) of the
Companies Act, 2013:
i) That in the preparation of the annual accounts for financial year
ended 31st March, 2023; the applicable accounting standards have been followed
along with proper explanation relating to material departures, if any;
ii) That the Directors 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
financial year and of the profit/ loss of the Company for that period;
iii) That the Directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the provisions of this Act
for safeguarding the assets of the Company and for preventing and detecting fraud and
other irregularities;
iv) That the Directors have prepared the annual accounts on a going
concern basis;
v) That the Directors have laid down internal financial controls, which
are adequate and are operating effectively;
vi) That the Directors have devised proper systems to ensure compliance
with the provisions of all applicable laws and that such systems were adequate and
operating effectively.
DIRECTORS AND KEY MANAGERIAL PERSONNEL
Mr. Sunit Jain (DIN: 06924372), Managing Director of the Company
retires by rotation in accordance with the provisions of the Articles of Association of
the Company and being eligible offer himselg for re-appointment.
During the year, Mr. Shantilal Jain (DIN: 00469834) has been
re-appointed as an Whole-time Director of the Company for a period of 5 (Five) years with
effect from 21st March, 2023 to 20th March, 2028 by the approval of
the shareholders in the Annual General Meeting held on 30th September, 2022.
During the year, Ms. Shivali Mishra (DIN: 09725476) has been appointed
as an Independent Director of the Company for a period of 5 (Five) years with effect from
05th September, 2022 upto 04th September, 2027, by the approval of
the shareholders in the Annual General Meeting held on 30th September, 2022.
CS Lakhan Dabi, appointed as Company Secretary & Key Managerial
Personnel w.e.f. 02nd August, 2023 at place of CS Juhi Khandelwal, who resigned
from the post of Company Secretary & Key Managerial Personnel w.e.f. 23rd
February, 2023.
During the year, Mr. Anish Vaid (DIN; 02444114) has resigned from the
post of Independent Director of Company w.e.f. 05.09.2022 due to personal reasons and
pre-occupations The Board appreciates the services rendered by him.
During the year, Mr. Sunil Kumar Mittal (DIN:05151867), has resigned
from the post of Independent Director of Company w.e.f. 05.09.2022 due to personal reasons
and pre-occupations The Board appreciates the services rendered by him.
During the year, Mr. Dharmendra Pawar (DIN: 08068916) has been
appointed as Independent Director for a period of 5 years w.e.f. 05.09.2022 in the Annual
General Meeting held on 30th September, 2022. Further, Mr. Dharmendra Pawar has
resigned from the post of Independent Director of Company w.e.f. 14.02.2023 due to
personal reasons The Board appreciates the services rendered by him.
Further, the Board of Directors based on the recommendation of the
Nomination and Remuneration Committee of the Company, approved the following appointments
to the Board:
(a) The Board of Directors at its meeting held on 05.09.2023 appointed
Mr. Ankit Joshi (DIN: 10303908) as an Additional cum Independent Director of the Company
for a term of five consecutive years with effect from 05.09.2023
(b) The Board of Directors at its meeting held on 05.09.2023 appointed
Mrs. Kriti Bhandari (DIN: 10303958) as an Additional cum Independent Director of the
Company for a term of five consecutive years with effect from 05.09.2023.
(c) The Board of Directors at its meeting held on 05.09.2023 appointed
Ms. Ragini Chaturvedi (DIN: 10304281) as an Additional cum Independent Director of the
Company for a term of five consecutive years with effect from 05.09.2023.
The above-mentioned appointments are subject to approval of the Members
at the ensuing AGM of the Company. The Board propose to appoint them in ensuing annual
general meeting.
In the opinion of the Board, the independent directors appointed during
the year possess requisite integrity, expertise, experience and proficiency.
Details of the proposal for appointment/ re-appointment of Directors
are mentioned in the Notice of the Annual General Meeting.
Declaration by directors:
During the year, declarations received from the Directors of the
Company pursuant to Section 164 of the Companies Act, 2013. Board appraised the same and
found that none of the director is disqualified holding office as director.
Declaration by Independent Directors:
All Independent Directors have given declarations under section 149(7)
that they meet the criteria of independence as laid down under Section 149(6) of the
Companies Act, 2013 and Regulation 16 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
In compliance with Rule 6 of Companies (Appointment and Qualification
of Directors) Rules, 2014, all Independent Directors of the Company have registered
themselves with the India Institute of Corporate Affairs (IICA), Manesar and have included
their names in the databank of Independent Directors within the statutory timeline. They
have also confirmed that they will appear for the online proficiency test, wherever
applicable.
PAYMENTOFLISTING FEE AND DEPOSITORY FEE
The equity shares of the Company are listed on the BSE Limited (BSE).
The listing fee for the year 2023-24 has been paid to the Stock Exchange after due date.
The Annual Custodial Fees for the year 2023-24 has been paid to National Depository and
Securities Limited and Central Depository Services Limited but due to some unavoidable
events and situations the payment were done after due dates
SUBSIDIARIES, JOINT VENTURES AND ASSOCIATES
Following are the particulars of details of Subsidiaries, Joint
Ventures and Associates:
| Sr. No. Name of Address of the Company |
CIN |
Holding/ Subsidiary/ Associates |
% of Shares Held |
| 01. Alpha Tar Industries Pvt. Ltd. |
U24200MP1996PTC011003 |
Subsidiary |
100.00% |
| 02. Keti Highway Developers Private Limited |
U45203MP2007PTC019487 |
Subsidiary |
80.98% |
Pursuant to the provisions of Section 129, 134 and 136 of the Companies
Act, 2013 read with rules framed there under and Regulation 33 of the SEBI Listing
Regulations, the Company had prepared consolidated financial statements of the Company and
its subsidiary and a separate statement containing the salient features of financial
statement of subsidiary in Form AOC-1 is given in the "Annexure A"
which forms part of this Annual Report. In accordance with Section 136 of the Companies
Act, 2013, the audited financial statements, including the consolidated financial
statements and related information of the Company and audited accounts of its subsidiary,
are available on the website of the Company. These documents will also be available for
inspection till the date of the AGM during business hours at our registered office of the
Company. The Company does not have any joint venture or associate Company.
NUMBER OF MEETINGS OF THE BOARD
The Board met 6 (Six) times during the financial year. The details of
which are given in the Corporate Governance Report that forms part of this annual
report. The intervening gap between any two Meetings was within the period prescribed
under the Companies Act, 2013.
MEETING OF INDEPENDENT DIRECTORS
During the year under review, one meeting of the Independent Directors
was held on without the attendance of Executive Directors and members of management. All
the Independent Directors were present in that meeting.
CODE OF CONDUCT
The Company has laid down a code of conduct for all Board members and
Senior Management and Independent Directors of the Company. All the Board members
including Independent Directors and Senior Management Personnel have affirmed compliance
with the code of conduct. Declaration on adherence to the code of conduct is forming part
of the Corporate Governance Report.
BOARD EVALUATION
The Board of Directors has carried out an annual evaluation of its own
performance, board committees, and individual directors pursuant to the provisions of the
Act, SEBI Listing Regulations and the Guidance Note on Board Evaluation issued by the
Securities and Exchange Board of India on January 5, 2017.
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
committees. The evaluation of all the directors and the Board as a whole was conducted
based on the criteria and framework adopted by the Board. The performance evaluation of
the Independent Directors was carried out by the entire Board. The performance evaluation
of the Chairman and the Non-Independent Directors was carried out by the Independent
Directors who also reviewed the performance of the Secretarial Department. The Directors
expressed their satisfaction with the evaluation process.
FAMILIARIZATION PROGRAMME
Details of the programmes for familiarization of the Independent
Directors with the Company, their roles, rights, responsibilities in the Company, nature
of the industry in which the Company operates, business model of the Company, etc. are
available on the website of the Company.
INTERNAL FINANCIAL CONTROLS
The Company has in place adequate internal financial controls with
reference to financial statements and during the year, no reportable material weaknesses
in the design or operation were observed.
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS
Your Company has not given any loans or guarantees or made investment
beyond the limits mentioned under the provisions of Section 186 of the Companies Act,
2013.
RELATED PARTY TRANSACTIONS
All related party transactions that were entered into during the
financial year were on arms length basis and were in the ordinary course of the
business. 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. Thus, Form AOC-2 is
not required.
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.
A statement showing the disclosure of transactions with related parties
as required under Ind AS 24 is set out separately in this Annual Report.
MATERIAL CHANGES AND COMMITMENT BETWEEN THE DATE OF THE BOARD REPORT
AND END OF FINANCIAL YEAR
No material changes and commitments affecting the financial position of
the Company occurred between the end of the financial year to which this financial
statements relate and the date of this report.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS/ OUTGO
The particulars as required under the provisions of Section 134(3)(m)
of the Companies Act, 2013 in respect of conservation of energy and technology absorption
have not been furnished considering the nature of activities undertaken by the company
during the year under review. There were no foreign exchanges Outgo during the year under
review.
PARTICULARS OF THE EMPLOYEES AND RELATED DISCLOSURES
Disclosure pertaining to remuneration and other details as required
under Section 197(12) of the Companies Act, 2013 read with rule 5(1) of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules 2014, are given in the Annexure
B forming part of this report.
During the year under review, none of the employee of the company is
drawing more than Rs.1,02,00,000/- per annum or Rs. 8,50,000/- per month for the part of
the year. The information required under Rule 5(2) and (3) of The Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, is provided in the Annexure forming
part of this Report. In terms of the first provision to Section 136 of the Act, the Report
and Accounts are being sent to the Members excluding the aforesaid Annexure. Any Member
interested in obtaining the same may write to the Company Secretary at the Registered
Office of the Company. Further, none of directors is drawing any remuneration or
commission from any subsidiary or associate companies.
POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION
The policy on Directors Appointment and Remuneration including
criteria for determining qualifications, positive attributes, independence of a director
and other matters provided under sub-section (3) of Section 178 of the Companies Act,
2013, and under Regulation 19 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 adopted by the Board, is appended as Annexure C forming
part of this report.
AUDIT COMMITTEE
The details pertaining to composition of Audit Committee are included
in the Corporate Governance Report, which forms part of this report. All the
recommendations made by the Audit Committee were accepted by the Board.
VIGIL MECHANISM / WHISTLE BLOWER POLICY
The Company has a Vigil Mechanism which also incorporates a Whistle
Blower Policy in line with the provisions of the Companies Act, 2013 and the Regulation 22
of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to report
genuine concerns or grievances. The Vigil Mechanism/ Whistle Blower Policy may be accessed
on the Companys website.
RISK MANAGEMENT
Pursuant to section 134 (3) (n) of the Companies Act, 2013 &
Regulation 17(9) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the Board of the Company has formed a Risk Management Committee to
frame, implement and monitor the Risk Management Plan for the Company. The details of risk
have been covered in the Management Discussion and Analysis Report forming part of the
Boards report.
CORPORATE SOCIAL RESPONSIBILITY (CSR)
The Company has not developed and implemented any Corporate Social
Responsibility initiatives as the said provisions are not applicable to the Company.
AUDITORS & AUDITORS REPORT
STATUTORY AUDITORS
At the Annual General Meeting held on 29th September 2018,
M/s. S.N. Kabra & Co., Chartered Accountants, Indore (Firm Registration No. 03439C)
were appointed as statutory auditors of the Company for a first term of 5 consecutive
years to hold office till the conclusion of the Annual General Meeting to be held for the
financial year 2022-23.
The Board of Directors and Audit Committee of the company recommends
the re-appointment M/s. S.N. Kabra & Co., Chartered Accountants, Indore Chartered
Accountants registered with the Institute of Chartered Accountants of India (ICAI) vide
registration number 03439C as the statutory auditor of the company to the members
at the ensuing Annual General Meeting for a second term of 5 consecutive years from the
conclusion of this 29th Annual General Meeting of the Company till the
conclusion of the 34th Annual General Meeting to be held for the financial year
2027-2028. Accordingly, a resolution proposing the said re-appointment forms a part of
notice calling ensuing Annual General Meeting of the Company.
In this regard, the Company has received a certificate from the
auditors to the effect that if they satisfy the criteria provided under Section 141 of the
Companies Act, 2013, and that the reappointment, if any made, shall be in accordance with
applicable provisions of the Act and rules made there under.
The notes referred to by the Auditors in their Report are self
explanatory and hence do not require any explanation.
Further, there was no fraud in the Company, which was required to
report by statutory auditors of the Company under sub-section (12) of Section 143 of
Companies Act, 2013.
COST AUDIT
Your company does not falls within the provisions of Section 148 of
Companies Act, 2013 read with the Companies (Cost records & Audit) Rules, 2014,
therefore no such records required to be maintained.
INTERNAL AUDITORS
Internal Audit for the year ended March 31, 2023 was done by M/S. M. L.
Vishwakarma, Tax Law Advocate & Consultants. The Board takes his suggestions and
recommendations to improve and strengthen the internal control systems. The Audit
Committee reviews adequacy and effectiveness of the Companys internal control environment
and monitors the implementation of audit recommendations.
The Board has appointed M/S. M. L. Vishwakarma, Tax Law Advocate &
Consultants, as Internal Auditor of the company for the year ended March 31, 2024.
SECRETARIAL AUDIT
Pursuant to the provisions of Section 204 of the Companies Act, 2013
and rules made thereunder, the Company has appointed M/s. Ajit Jain & Co., Practicing
Company Secretaries to undertake the Secretarial Audit of the Company for the financial
year 2022-23. The Secretarial Audit Report for the financial year 2022-23 is annexed
herewith as Annexure D forming part of this report.
The comments referred to by the Secretarial Auditors in their Report
are self explanatory except the following:
1. The Company has not submitted intimation of Resignation of Mr.
Dharmendra Pawar, Independent Director within the time prescribe under Regulation 30 of
SEBI LODR Regulations, 2015 along with Schedule III of SEBI LODR Regulations, 2015.
Explanation: Company could not submit the intimation within due time
but in future company shall strictly comply the same.
2. Discrepancies found in Corporate Governance Reports filed during the
year 2022-23.
Explanation: Company has filed revised Corporate Governance Reports.
3. Company has not filed un-audited quarterly results for the quarter
ended 31.12.2022 within 30 Minutes of the Conclusion of Meeting as required under
Regulation 30 of SEBI LODR Regulations, 2015.
Explanation: Due to technical glitch, the Company has not submitted the
results within 30 minutes from the conclusion of Board Meeting.
4. Company has not submitted Consolidated Annual Report in XBRL Mode
for the Financial Year 2021-22 with the Stock Exchange.
Explanation: Due to technical error, consolidated annual report has not
been submitted in XBRL mode .
5. There was no Company Secretary/Compliance Officer during the period
starting from 24th February, 2023 to till the end of the Financial Year 2023,
as per the provisions of regulation 6(1) of SEBI (LODR) Regulation, 2015.
Explanation: The Company has appointed Company Secretary/ Compliance
Officer on 02nd August, 2023.
6. The Shareholding of Promoter (s) and Promoters group are not 100% in
dematerialized form as required under Regulation 31(2) of SEBI (Listing Obligation and
Disclosure Requirements) Regulation, 2015.
Explanation: The Company has informed to the Promoters for the
Dematerialization of their holdings.
7. Company has not submitted related party disclosure for the half year
ended 30.09.2022 within due time as required under Regulation 23(9) of SEBI LODR
Regulations, 2015.
Explanation: The Company has submitted the said disclosure after due
date. The Company shall comply with the said provision within timeline for upcoming years.
8. The Composition of the Board and Committee is not in conformity with
the provision of Listing Regulations from 14th February, 2023 till the end of
Financial Year.
Explanation: Due to resignation of One (1) Independent Director on 14th
February, 2023, the number of Independent Directors was not as per the SEBI LODR
Regulations, 2015. Now Company is in process to appoint new Independent Director for
proper composition.
ANNUALSECRETARIALCOMPLIANCE REPORT
The Secretarial Compliance Report for the financial year ended 31st
March, 2023 on compliance of all applicable SEBI Regulations and circulars/guidelines
issued thereunder, was obtained from M/s. Rakhi Dasgupta & Associates, Practicing
Company Secretary.
PREVENTION OF INSIDER TRADING
The Board of Directors has adopted the code as per SEBI (Prohibition of
Insider Trading) Regulations, 2015; The Details of the said code is available on website
of the Company.
BUSINESS RESPONSIBILITY REPORT
The Business Responsibility Reporting as required by Regulation 34(2)
of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, is not
applicable to your Company for the financial year ending March 31, 2023.
SIGNIFICANT AND MATERIAL ORDERS
There are no significant and material orders passed by the regulator or
courts or tribunals impacting the going concern status of the Company and future
operations.
APPLICATION OR PROCEEDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE,
2016
There is no application made or no proceeding pending under the
Insolvency and Bankruptcy Code, 2016. There was no instance of onetime settlement with any
Bank or Financial Institution.
THE DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE
TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS
ORFINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF:
Not Applicable, as there was no One Time Settlement of loan taken from
Banks or any financial Institutions. Hence, the difference in valuation does not arise
SECRETARIAL STANDARDS
The Company complies with all applicable mandatory secretarial
standards issued by the Institute of Company Secretaries of India.
IMPLEMENTATION OF CORPORATE ACTION
During the year under review, the Company has not failed to implement
any Corporate Actions within the specified time limit.
ANNUAL RETURN
Pursuant to the provisions of Section 92(3) of the Companies Act, the
annual return is available at Companys website at https://samyakinternational.in/.
DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE
(PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013
The Company has in place an anti harassment policy in line with the
requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and
Redressal) Act, 2013. All employees (permanent, contractual, temporary, trainees) are
covered under the policy. An Internal Complaints Committee (ICC) has also been set up to
redress complaints received on sexual harassment. There was no complaint received from any
employee during the financial year 2022-23 and hence no complaint is outstanding as on
31.03.2023 for redressal.
ACKNOWLEDGEMENTS
The Directors wish to convey their appreciation to all the employees of
the Company for their enormous personal efforts as well as their collective contribution
during the year. The Directors would also like to thank the shareholders, customers,
suppliers, bankers, financial institutions and all other business associates for their
continuous support given by them to the Company and their confidence in the management.
|
For and on behalf of the Board of
Directors |
|
SUNIT JAIN |
|
Chairman & Managing Director |
|
DIN: 0692437 |
| Place: Indore |
|
| Dated: 05th September, 2023 |
|
+91-9892691696
