undefined share price Directors report


The Members,

Your Directors have pleasure in presenting their 29 Board Report on the business and operations of the Company along with Audited Financial Statements for the Financial Year ended March 31, 2023.


The company performance for the financial year ended on March 31st, 2023 is summarized below:

In Rs.


2022-23 2021-22

Revenue from Operations

27,225,190 7,05,640.00

Other Income

4,25,453 8,40,070.00

Total Revenue

2,76,50,643 15,45,710.00

Total Expenses

1,85,18,860 57,53,985.00

Profit before Exceptional Items and Tax

91,31,783 (42,08,275.00)

Exceptional Item

26,43,164 41,91,783.00

Profit before Tax

64,88,619 (16,492.00)

Tax Expenses

6,080 76,910.00

Profit After Tax for the year

64,82,539 (93,402.00)

Paid up Capital (in No. of shares @ Rs. 10 each share)

30,54,500 30,54,500


During the Financial Year ended 2023 under review, the Company has earned the profit of Rs. 64,82,539/- against the loss of Rs. 93,402/- in the previous Financial Year ended 2022.



1. Providing consultancy in:

a. High-Tech Cultivation through Environment Controlled Poly Houses, NFT & DFT etc.

b. Organic Farming — Open Field Cultivation using Bio-Fertilizer.

2. Trading in agricultural and horticultural products


As you all know Honourable Prime Minister Shri Narendra Modi had explicitly stated in his election campaign that farmers would be the priority and the government would ensure they got 50% returns over their total costs. Keeping this in mind your company has started implementing measures to provide all round support to ensure a minimum return and also increase their production and earning multi-fold.

Your company has started commercial activities to generate earning for the company as well as generating earning for all marginal and other progressive farmers and also simultaneously generating employments for the agriculturists and scientists. We wish in the following fields of operation:

A. Setting up of Agricultural T raining Centre by the name of GVBL Institute of High-Tech Agriculture & Biotechnology.

B. Setting up of Centre of Excellence for Horticulture — With the technical expertise and experience of Eden Horticultural Services, Karnal (Haryana) through expert control of the agricultural activities of Edens Technical Team. The agreement in this regard has also been signed.

C. Bringing of Drone Technology.

D. Horticulture without spray, GVBL is all set to bring the most Modern Pest Management Technique from Israel.

E. Poly House Construction

F. Contracted Poly House controlled environment and open field cultivation.

G. Agri - Farming Consultancy.

H. Farm 2 Door Step Services for supply of fruits & vegetables through its website farm2doorstep.com.

I. Agri Skill Development Centre

J. Agri Input Shop for High-Tech Cultivation (Khad Beej Bhandar)


With full gusto, GVBL has already started its effort to do networking with various colleges to bring the batches of students for its training centre. And now it is a matter of time to get started with the training centre.

As per the planning all the courses which are being offered by the Institute will be having Job Guarantee and/or empowerment of the students for setting up their own farm houses and agricultural projects by providing all kinds of the Governmental supports, loans and grants thus fulfilling our years long dream of self-sufficient farmers.

Separate courses have been designed for Training like the Ladies to develop kitchen gardens or small farms which can fetch them profits by growing fruits and vegetables. This will be exclusively for ladies and housewives within reasonable course fees. All these courses will also having empowerment facilities and support as mentioned above if some lady wants to do some agricultural activities in a bigger way!


With the technical expertise and experience of Eden Horticulture Services, Karnal (Haryana) and with the High-tech agricultural set up with Naturally Ventilated Poly Houses, NFT and DFT Technology and a full functional Plant Tissue Culture Laboratory at its disposal, GVBL is all set to generate record productions and book record profits in the year to come. C. DRONE TECHNOLOGY :

Drones are one of the fastest growing technology segments with the potential to provide extraordinary value to the agriculture business.

Imagine a flying robot that you could easily control as an extension of your own eyes and arms - to reach places, see things you can never see and execute tasks that would otherwise be impossible or not affordable.

Drones are remote controlled flying objects which is having capability to collect different data regarding any agricultural field, any vegetation such that optimal treatments can be given to the soil and crops to increase yields many fold with minimum expenditure.

GVBL is all set to bring in this technology from Israel to be implemented in Indian Agriculture successfully. In this regard the Company is having active talk with a well known Agricultural Drone Technology Company.


In assistance with a reputed Israel Company, GVBL is also bringing the most modern technology for controlling and management of oriental fruit flies. The technology allows the use of lure based pesticides. Also the fluid is long lasting, free of spraying and maintenance. It is harmless to human, environment and non targeted organisms.

This pin pointed pesticide management is achieved through new technologies viz (1) Gravity Controlled Fluid Release (GCFR) technology, (2) a scent-specific, targeting only female pest, and (3) characteristics customized for each implementation.

GVBL has started processing for bringing in this technology also in India !


As the company is having a fully functional team of technical persons for setting up and erection of poly-houses and greenhouses, the company is all set to capture orders of its clients for setting up of their poly-houses / greenhouses.

Through effective marketing the company has bagged a few orders of setting up of poly-houses in the nearby areas in the vicinity of its project site


With its expert team of agriculturists and technical personnel, the company is taking up Turn Key cultivation projects of its clients on clients land with assured buy back and marketing assurance. In this scope the company is taking up all responsibilities of preparing of the land of the client, then setting up of Environmentally Controlled Poly-houses, deciding of suitable product mix for the cultivation. And finally when production of vegetables comes, the company shoulders all responsibilities to sell the materials in the market to pay the assured amount to the client.

A few projects with the above scope, negotiations are on.


With the expert team of agriculturists and other technical people, the company is also providing Agri Farming Consultancy to farmers and other clients on case to case basis. This way company is providing solutions to problems being faced by the HNI clients in agri-farming business as per their specific needs.


The company intends to develop full packaging system and logistics to deliver fruits and vegetable direct to homes in NCR as per their daily demands and orders. The company is also working on to make it an online portal and also through mobile app to reach the masses and thus gathering increase orders and reach to more and more households. Thus, eliminating of middle man will reduce the cost and enhance the quality of fruits and vegetables.


The company is organising paid training to the new age farmers to develop their knowledge and skill such that they can improve their productions and be self-sufficient.


The company is in process of setting up an Agri Input Shop to sell seeds, fertilizers, and other farming ingredients required for High-Tech Agriculture.


The growth of Biotechnology industry as per Transparency Market Research is estimated to observe substantial growth during 2010 and 2018 as investments from around the world are anticipated to rise, especially from emerging economical regions of the world. The report states that the global market for biotechnology, studied according to its application areas, shall grow at an average annual growth rate of CAGR 11.6% from 2012 to 2018 and reach a value worth USD 414.5 billion by the end of 2018. This market was valued approximately USD 216.5 billion in 2011. The market of bio agriculture, combined with that of bio seeds, is projected to reach a value worth USD 27.46 billion by 2019. The field of biopharmaceuticals dominated the global biotechnology market and accounted for 60% shares of it in the year 2011. Many biotechnological industries flourished by the technological advancements leading to new discoveries and rising demands from the pharmaceutical and agricultural sectors.


Although there is profit in the Company during the year but need to conserve resources for the expansion of the business of your Company, Board expresses its inability to declare any dividend for the financial year 2022-23.


The company is having less profit in financial year 2022-23. Therefore, no amount was transferred into reserve account.


There are no material changes and commitments effecting the financial position of the company which have occurred during the financial year 2022-23 of the company to which the financial statement relates to the date of this report.

In the ongoing financial year, the Company has sold major portion of the land which will affect the current business. The Company is looking for new avenues for business in India and out of India.


Eight (8) meetings of the Board of Directors of the Company were held during the year. For details of the meetings, please refer to the Corporate Governance Report, which forms part of the Annual Report.


Pursuant to the requirement of Section 134(5) of the Act, and based on the representations received from the management, the directors hereby confirm that:

(a) In the preparation of the annual accounts for the year ended March 31, 2023, the applicable accounting standards read with requirements set out under Schedule III to the Act, have been followed and there are no material departures from the same;

(b) we have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2023 and of the profit of the Company for the year ended on that date;

(c) we 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) we have prepared the annual accounts on a going concern basis;

(e) we have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and

(f) we have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.