Brahmaputra Infrastructure Limited

Size: px
Start display at page:

Download "Brahmaputra Infrastructure Limited"

Transcription

1 Annexure B REPORT ON CORPORATE GOVERNANCE FOR THE YEAR (Pursuant to clause 49 of the Listing Agreements entered into with the Stock Exchange) Company's policies on the Corporate Governance and compliance report on specific areas wherever applicable for the financial year ended March 31, 2013 are given hereunder:- 1. Company s Philosophy on Code of Governance The welfare of the stakeholders of the Company forms the crux of the Company's Corporate Governance Policy. The Company's philosophy strives to ensure that its business strategies and plans prioritise the welfare of all stakeholders, while at the same time, maximizing shareholders' value on a sustained basis. The Board of Directors, Management and Employees of the Company consistently envisage attainment of the highest level of transparency, integrity and equity in all facets of the operations of the Company and also in its interactions with the stakeholders. The Company is committed to benchmark itself with the best standards of Corporate Governance, not only in form but also in spirit. 2. Board of Directors Composition & Size of Board As on 31st March 2013, the Board of Directors of the Company comprises of 8 directors, of which 4 directors are executive (50%) and 4 directors (50%) are non-executive and whereas all the 4 non-executive directors are Independent Directors which ensures a good blend of executive and independent directors, and achieves the desired level of independence of the board. All the non-executive directors are professionals having a wide range of expertise and experience in management, administration, business, finance etc. which bring them wide range of skills and experience to the board. During the financial year , Eleven Board Meetings were held on 14th May, 2012, 29th May 2012, 20th August, 2012, 03rd September 2012, 15th September 2012, 10th November 2012, 17th November 2012, 05th December 2012, 31st January 2013, 11th March 2013 and 28th March The gap between any two meetings never exceeded four months as stipulated in the clause 49. The Agenda papers, containing all the necessary information, are made available to the Board well in advance to enable the Board to discharge its responsibilities effectively and take informed decisions. Where it is not practicable to attach or send the relevant information as a part of Agenda papers, the same are tabled at the Meeting. On , Sh. Mukesh Aggarwall, Whole Time Director of the Company resigned from the directorship of the Company. He ceases to be Whole Time Director of the Company with effect from the said date. On the same day, Sh. Sanjeev Kumar Prithani and Sh. Suneet Kumar Todi, Directors of the Company have been appointed as Joint Managing Director and Whole Time Director of the Company respectively. Further, Sh. Kuladhar Saharia was appointed as an Additional Director of the Company on Sh. Manoj Kumar Prithani has resigned from the directorship and post of Managing Director of the Company w.e.f. after the close of working hours on ; He has been appointed as Chief Executive Officer of the Company w.e.f Further, Sh. Rajesh Singh has been appointed as an additional director and Whole Time Director of the Company w.e.f and designated as "Director - Business Development". The said appointment is subject to shareholders' approval in the ensuing Annual General Meeting. The resolution for his appointment forms part of the notice for convening the Annual General Meeting. Composition of Board of Directors during the financial year and other details as on 31st March 2013 are as follows:- Name of Designation Category of No. of Number of Committee Attendance at Attendance No. of Director Directorship Directorships positions held in Board Meeting at the shares in Companies Companies (including last AGM held (including Brahmaputra Brahmaputra Infrastructure Limited) Infrastructure Limited) Member Chairman Sh. Manoj Managing Executive Yes 14,26,533 Kumar Director Prithani* Sh. Sanjay Joint Managing Executive No 2,03,000 Kumar Director Mozika ANNUAL REPORT

2 Name of Designation Category of No. of Number of Committee Attendance at Attendance No. of Director Directorship Directorships positions held in Board Meeting at the shares in Companies Companies (including last AGM held (including Brahmaputra Brahmaputra Infrastructure Limited) Infrastructure Limited) Member Chairman Sh. Sanjeev Joint Managing Executive Yes 14,81,534 Kumar Director Prithani** Sh.Mukesh Whole Time Executive NA NA NA - No NA Aggarwall *** Director Sh.Suneet Whole-time Executive No 518 Kumar Director Todi**** Sh. Satish Director Non-Executive/ Yes - Chandra Independent Gupta Sh. Om Director Non-Executive/ Yes 2,000 Kumar Independent Sh. Viresh Director Non-Executive/ Yes - Shankar Independent Mathur Sh. Kuladhar Director Non-Executive/ NA - Saharia***** Independent *Resigned from the directorship and post of Managing Director of the Company w.e.f. after the close of working hours on ; He has been appointed as Chief Executive Officer of the Company w.e.f **Appointed as Joint Managing Director w.e.f *** Ceased to be Director & Whole-time Director w.e.f **** Appointed as Whole-time Director w.e.f ***** Appointed as an additional director w.e.f Note 1: Private Companies, Section 25 Companies and Foreign Companies have not been included for the calculation of directorships in companies. Note 2: Audit Committee & Shareholders' Grievance Committee have been considered for the purpose of membership and chairmanship held by the director in public limited companies. Except Sh. Manoj Kumar Prithani and Sh. Sanjeev Kumar Prithani who are brothers, no director is related to any other Director on the Board in terms of the provisions of Companies Act, Code of Conduct The Board has adopted a Code of Conduct for the Board Members and Senior Management personnel of the Company. The same has also been posted on the website of the Company. All Board Members and Senior Management personnel have affirmed their Compliance with the code. A declaration signed by the Managing Director is given below: This is to certify that the company has laid down its Code of Conduct for all the Board Members and Senior Management of the Company and the copies of the same are uploaded on the website of the Company - It is hereby affirmed that during the year , all the Directors and Senior Managerial personnel have complied with the Code of Conduct and have given a confirmation in this regard. On behalf of the Board Brahmaputra Infrastructure Limited Sd/- Place : New Delhi Sanjay Kumar Mozika Date : Joint Managing Director 26 ANNUAL REPORT

3 Committees of the Board The Board has constituted various committees for smooth and efficient operation of the activities and is responsible for constituting, assigning, co-opting and fixing the terms of reference in line with the laws of land. The draft minutes of the proceedings of each committee meeting are circulated to the members of that committee for their comments and thereafter, confirmed in its next meeting. The board also takes note of the minutes of the meetings of the committees duly approved by their respective chairman and the material recommendations / decisions of the committees are placed before the Board for approval. The Chairman, quorum and the terms of reference of each committee has been approved by the Board. 3. Audit Committee As a measure of good corporate governance and to provide assistance to the Board of Directors in fulfilling the Board's oversight responsibilities, an Audit Committee has been constituted and headed by an Independent Director. The Audit Committee constituted by the Board of Directors consists of the following members as on March 31, 2013: 1. Sh. Om Kumar 2. Sh. Satish Chandra Gupta 3. Sh. Viresh Shankar Mathur 4. Sh. Manoj Kumar Prithani All the members of the Audit Committee except Sh. Manoj Kumar Prithani are Non-executive Directors. All the members of Audit Committee are financially literate and have expertise in accounting and related financial management matters. Sh. Om Kumar, a Non-executive Independent Director is Chairman of the Committee and Secretary of the Company acts as a secretary to the Committee. On , Sh. Sanjeev Kumar Prithani resigned from the membership of the Audit Committee and on the same day, Sh. Manoj Kumar Prithani was inducted as member of the said committee. The terms of reference of the Audit Committee are in line with the powers, duties and responsibilities stipulated in Clause 49 of the Listing Agreement. The functions of Audit Committee are as per Company Law and Listing Agreement with Stock Exchanges. These include overseeing of Company's financial reporting process, recommending the appointment and removal of external auditors, reviewing the annual financial statements, financial management policy, adequacy of internal control system and internal audit functions. The committee met Nine times during the year on following dates: 14th May, 2012, 29th May 2012, 20th August 2012, 03rd September 2012, 15th September 2012, 10th November 2012, 17th November 2012, 05th December 2012 and 31st January 2013 and the attendance of members during was as follows: Name of the Members Current Member Date of No. of Status Since Cessation meetings attended Sh. Om Kumar Chairman NA 8 Sh. Satish Chandra Gupta Member NA 8 Sh. Viresh Shankar Mathur Member NA 9 Sh. Sanjeev Kumar Prithani Member Sh. Manoj Kumar Prithani Member Consequent upon resignation of Sh. Manoj Kumar Prithani, Sh. Rajesh Singh, Whole Time Director of the Company has been appointed as member of the Committee w.e.f Remuneration Committee The Company is transparent in compensation policy of Directors. The Committee sets the overall policy on remuneration and the other terms of employment of executive directors of the company within the overall ceiling fixed by the members of the Company and recommend the same for the approval of the Board. The Committee recommends remuneration package of Executive Directors to the Board by reference to individual performance, experience and market conditions with a view to provide a package which is appropriate for the responsibilities involved. ANNUAL REPORT

4 The Remuneration Committee constituted by the Board of Directors comprises of following three non-executive independent directors as its members:- 1. Sh. Satish Chandra Gupta, Chairman 2. Sh. Om Kumar, Member 3. Sh. Viresh Shankar Mathur, Member The committee met twice during the year on 29th May, 2012 and 11th March, 2013 and the attendance of members was as follows: Name of the Members Current Date of No. of No. of Status Appointment meetings held meetings attended Sh. Satish Chandra Gupta Chairman NA 2 Sh. Om Kumar Member NA 2 Sh. Sanjeev Kumar Prithani Member Sh. Viresh Shankar Mathur Member NA 1 The details of remuneration and/or sitting fee paid/payable to the Directors for the financial year ended 31st March, 2013 are set out below: (a) Non-Executive Directors: (Amount in Rs.) Name of Directors Sitting Fees Sh. Satish Chandra Gupta 2,50,000 Sh. Om Kumar 2,30,000 Sh. Viresh Shankar Mathur 2,70,000 Sh. Kuladhar Saharia 1-1 Appointed as an Additional Director w.e.f None of the non-executive directors receives any remuneration apart from the sitting fees for meetings attended by him. (b) Executive Directors: (Amount in Rs.) Name & Designation Salary Perquisites & Total other allowances Sh. Manoj Kumar Prithani, Managing Director 1 42,00,000 6,00,000 48,00,000 Sh. Sanjeev Kumar Prithani, Joint Managing 24,00,000 13,23,740 37,23,740 Director 2 Sh. Sanjay Kumar Mozika, Joint Managing Director 12,00,000-12,00,000 Sh. Suneet Kumar Todi, Whole Time Director 3 12,00,000-12,00,000 Sh. Mukesh Aggarwall, Whole Time Director 4 8,51,613-8,51,613 Total 98,51,613 48,00,000 1,17,75,353 1 Ceased to be Director w.e.f Designated as Joint Managing Director w.e.f Designated as Whole Time Director w.e.f Ceased to be Director with effect from Shareholders Grievance Committee The committee was formed on to review and redress the investors' grievances / letters regarding various matters. It constitutes of three members i.e. Sh. Satish Chandra Gupta, Sh. Om Kumar and Sh. Sanjeev Kumar Prithani with Sh. Satish Chandra Gupta, a Non-executive Director as the Chairman of the committee. 28 ANNUAL REPORT

5 Sh. Parimesh Manocha, Company Secretary has been designated as Compliance Officer of the Company. No Shareholders' Grievance Committee Meeting was held during the year. Since the Company got listed on , there is no non-compliance for F.Y as to holding of Shareholders' Grievance Committee Meeting. However, after listing, Shareholders' Grievance Committee Meetings are being held periodically to redress the shareholders' complaints received, if any. The functions of the committee include effective redressal of the complaints of the shareholders. The committee recommends steps to be taken for further improvement in the quality of service to the investors. Investors' Grievances The following table shows the complaints received from shareholders during : Pending as on April 1, 2012 Received Replied / Resolved Pending as during the year during the year on March 31, 2013 NIL NIL NIL NIL No share transfer / transmission and demat request was pending as on 31st March, General Body Meetings The location and time of the Annual General Meetings held during the last three years were as follows: Financial Year Date & Time Venue of Meetings Whether any special resolutions passed, if yes, particulars of Special Resolution Brahmaputra House, A - 7, No At Noon Mahipalpur (NH - 8 Mahipalpur Crossing) New Delhi Brahmaputra House, No At Noon A - 7, Mahipalpur (NH - 8 Mahipalpur Crossing) New Delhi Brahmaputra House, A - 7, Yes At 12:00 Noon Mahipalpur (NH - 8 Mahipalpur Crossing) New Delhi Increase in the remuneration of Sh. Manoj Kumar Prithani, Managing Director All the resolutions, including the special resolution set out in the respective notices were passed by the requisite majority of shareholders. No resolution was passed through postal ballot during the financial year and there is no resolution proposed to be conducted through postal ballot. However, two Extra - Ordinary General Meetings (EGM) were held during the Financial Year on and Purpose of calling EGM was:- - Extra Ordinary General Meeting held on for increase in Authorized Share Capital of the Company from Rs. 21,00,00,000 (Rupees Twenty One Crores only) divided into 2,10,00,000 equity shares of Rs 10/- each to Rs. 25,00,00,000 (Rupees Twenty Five Crores only) divided into 2,50,00,000 equity shares of Rs. 10/- each by creation of 40,00,000 further equity shares of Rs.10/- each aggregating to Rs. 4,00,00,000 (Rupees Four Crores only) and accordingly substitution of Clause-V of the Memorandum of Association of the Company. - Extra-ordinary General Meeting held on for alteration in the Main Objects clause of the Company by inserting new sub-clause 8 relating to Hotel business after sub-clause 7 of the Main Object Clause IIIA of the Memorandum of Association of the Company and for alteration in the Articles of Association of the Company, as these were required to be made in line with the existing laws, rules, regulations, guidelines etc. ANNUAL REPORT

6 7. Disclosures (a) There are no materially significant related party transactions entered in to by the company with its promoters, directors or management, their subsidiaries or relatives etc. that may have potential conflict with the interests of the Company at large. A statement in summary form of transactions with the related parties during the year in the ordinary course of business is disclosed in the notes to the accounts in this Annual Report as per Accounting Standard 18 of the Institute of Chartered Accountants of India. (b) There is no non compliance by the Company and no penalties and strictures imposed on the Company by Stock Exchange or SEBI or any statutory authority on any matter related to capital markets, during the last three years. (c) There has been no documented whistle blower policy, however, no personnel has been denied access to the audit committee. (d) All mandatory requirements of Clause 49 of the Listing Agreement have been complied with by the company 8. Means of Communication Besides communicating to the stock exchanges on which the company's shares are listed, the notices of board meetings at which quarterly/half yearly results get approved are published in the following newspapers:- Particulars English Newspapers Vernacular Newspaper (Hindi) Name of the Newspaper Financial Express Business Standard Business Standard Jansatta Rashtriya Sahara *Website address of the Company on which financial results and other information are displayed: Press release or any significant event is first intimated to the Stock Exchanges and then posted on the website of the Company. Presentations are made available to institutional investors / research analysts on their specific request (s) if any. 9. General Shareholders Information (i) 15th Annual General Meeting Date : 30th September, 2013 Day : Monday Time : A.M Venue : Govindam Banquet, Behind Mother Dairy, Sector 7, Dwarka, New Delhi (ii) Financial Year : April 1 to March 31 of the succeeding year (iii) Financial Calendar Financial Results for the quarter ending Jun 30, 2013 Financial Results for the quarter & half year ending Sep 30, 2013 Within 45 days of the end of the quarter Financial Results for the quarter ending Dec 31, 2013 Financial Results for the quarter & year ending Mar 31, 2014 : Within 60 days of the end of the year (iv) Date of Book Closure : to (both days inclusive) (v) Dividend Payment Date : Not Applicable (vi) Listing on Stock Exchanges and Stock Codes 1. BSE Limited ; Scrip name: BRAHMINFRA 2. Delhi Stock Exchange Limited - Approval awaited 30 ANNUAL REPORT

7 (vii) (viii) (ix) (x) (xi) (xii) (xiii) ISIN The ISIN of the Company is INE320I01017 Market Price Data Since the Company gets listed at BSE Limited w.e.f ; High/Low of market price of the Company's equity shares traded on BSE during the financial year cannot be provided. Registrar and Transfer Agent & Share Transfer System M/s. Link Intime India Private Limited, New Delhi has been appointed as the Registrar and Share Transfer Agent of the Company for handling the share transfer work both in physical and electronic form. All correspondence relating to share transfer, transmission, dematerialization, rematerialisation etc. can be made at the following address:- M/s Link Intime India Private Limited 44, Community Centre, 2nd Floor, Naraina Industrial Area, Phase - I Near PVR Cinema New Delhi Contact Person: Sh. Deo Kumar / Sh. Swapan Phone: / 93 / 94 Fax No.: Share Transfer System All valid requests for transfer/transmission of Equity shares held in physical form are processed within a period of 15 days from the date of receipt thereof and the Share Certificates duly transferred are immediately returned to the transferee/ lodger. Transaction in the dematerialised Shares are processed by National Securities Depository Limited (NSDL)/Central Depository Services Limited (CDSL) through the Depository Participants with whom the Shareholders have opened their demat accounts. Dematerialization of shares and liquidity The equity shares of your Company have been compulsorily traded in dematerialised form and the Company has agreements with both the depositories i.e., National Securities Depository Limited and Central Depository Services (India) Limited. As on 31st March 2013, 2,83,20,750 equity shares constituting 97.60% of the total paid up capital of the companies are dematerialized. The reconciliation of both physical and demat shares are upto date and tallies with the total paid-up capital of the Company. Share Transfer System The Company's shares are traded in the Stock Exchanges in demat mode. These transfers are effected through NSDL and CDSL. Transfer of shares in physical form is processed and approved by registrar & Transfer Agent and Company Secretary from time to time and the certificates are returned to the shareholders within 15 days from the date of receipt, subject to documents being valid and complete in all respects. Distribution of shareholding The distribution of shareholding as on 31st March 2013 was as follows:- (Amount in Rs.) Shareholding of Nominal No. of % No. of % Value in Rs. Shareholders Equity Shares , , ,43, ,15, ,05, ,10, ,11, ,18, & above ,76,71, Total 1, ,90,18, ANNUAL REPORT

8 (xiv) Outstanding ADRs/GDRs/Warrants or any Convertible instruments, conversion date and likely impact on equity. The Company has not issued any ADRs / GDRs / Warrants. (xv) Corporate & Registered Office Regional Office - Guwahati Regional Office-Kolkata Brahmaputra House, Royal Plaza, 4th Floor GD-17, Tank No-12, A - 7 Mahipalpur Opp. International Hospital Sec-3 Salt Lake City, (NH-8 Mahipalpur Crossing) Christian Basti, G. S. Road Kolkata New Delhi Guwahati The Company's project execution activities are undertaken at the location of the clients. (xvi) Address for correspondence Brahmaputra Infrastructure Limited Brahmaputra House, A-7, Mahipalpur (NH-8 Crossing), New Delhi Tel No.: , Fax No.: cs@brahmaputragroup.com 32 ANNUAL REPORT

9 CEO/CFO Certificate Brahmaputra Infrastructure Limited To, The Board of Directors Brahmaputra Infrasturcture Limited New Delhi Sir, We have reviewed the financial statements and the cash flow statement of Brahmaputra Infrastructure Limited for the year ended 31st March, 2013 and to the best of our knowledge and belief: (a) (i) these statements do not contain any materially untrue statement or omit any material fact or contain statements that might be misleading; (ii) these statements together present a true and fair view of the Company's affairs and are in compliance with existing Accounting Standards, applicable laws and regulations. (b) 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 Company's code of conduct. (c) We accept responsibility for establishing and maintaining internal controls for financial reporting and that we have evaluated the effectiveness of the internal control systems of the Company pertaining to financial reporting and have disclosed to the Auditors and the Audit Committee, deficiencies in the design or operation of such internal controls, if any, of which we are aware and the steps we have taken or propose to take for rectifying these deficiencies. (d) We have indicated to the Auditors and the Audit Committee:- (i) significant changes in internal control over financial reporting during the year; (ii) significant changes in accounting policies made during the year and the same have been disclosed in the notes to the financial statements; and (iii) there are no instances of fraud of which we have become aware and the involvement therein, neither the management nor any employee having a significant role in the Company's internal control system over financial reporting. Place: New Delhi Manoj Kumar Prithani Pankaj Goyal Date : Chief Executive Officer Vice President- Finance Auditor s Certificate on Corporate Governance To the Members of Brahmaputra Infrastructure Limited, We have examined the Compliance with conditions of Corporate Governance by Brahmaputra Infrastructure Limited ("the Company") for the year ended March 31, 2013, as stipulated in Clause 49 of the Listing Agreement of the said Company with the Stock Exchanges concerned in India. The compliance with conditions of Corporate Governance is the responsibility of the Company's Management. Our examination was limited to procedures and implementation thereof, adopted by the Company for ensuring compliance with the conditions of Corporate Governance as stipulated in the said Clause. It is neither an audit nor an expression of opinion on the financial statements of the Company. In our opinion and to the best of our information and according to the explanations given to us and the representations made by the Directors and Management, we certify that the Company has complied with all the conditions of Corporate Governance as stipulated in Clause 49 of the above mentioned Listing Agreement. We state that in respect of the investor Grievances, the Registrar and Share Transfer Agent of the Company has maintained the relevant records and certified that as on 31st March, 2013 there was no investor grievance pending against the Company. We further state that such compliance is neither an assurance as to the future viability of the Company nor of the efficiency or effectiveness with which the Management has conducted the affairs of the Company. For A.B. Bansal & Co. Chartered Accountants Firm Regn No N Sunny Kohli Place : New Delhi Partner Date : M.No.: ANNUAL REPORT

CORPORATE GOVERNANCE

CORPORATE GOVERNANCE CORPORATE GOVERNANCE 1. Philosophy : The good corporate governance practices are very essential and imperative for the long term sustainable growth of any organization. Based on the philosophy to create

More information

Brahmaputra Infrastructure Limited

Brahmaputra Infrastructure Limited CORPORATE INFORMATION Brahmaputra Infrastructure Limited BOARD OF DIRECTORS Sanjeev Kumar Prithani Joint Managing Director Sanjay Kumar Mozika Joint Managing Director Suneet Kumar Todi Whole Time Director

More information

CORPORATE GOVERNANCE

CORPORATE GOVERNANCE 25 TH Annual Report OZONE WORLD LIMITED CORPORATE GOVERNANCE 1. Philosophy : Corporate Governance is recognized as the principal tool for long term sustainability and growth. It is a set of principles

More information

CORPORATE GOVERNANCE REPORT A detailed report on Corporate Governance for the Financial Year is given below:

CORPORATE GOVERNANCE REPORT A detailed report on Corporate Governance for the Financial Year is given below: CORPORATE GOVERNANCE REPORT A detailed report on Corporate Governance for the Financial Year 2015-16 is given below: COMPANY S PHILOSOPHY ON CORPORATE GOVERNANCE Corporate Governance is a set of systems

More information

Tera Software Limited

Tera Software Limited REPORT ON THE CORPORATE GOVERNANCE 1. Company s philosophy on Code of Governance: The philosophy of the Company on Code of Governance envisages the attainment of highest levels of transparency, accountability,

More information

Tera Software Limited

Tera Software Limited REPORT ON THE CORPORATE GOVERNANCE 1. Company's philosophy on Code of Governance: The philosophy of the Company on Code of Governance envisages the attainment of highest levels of transparency, accountability,

More information

Statutory Reports. The Institute of Company Secretaries of India

Statutory Reports. The Institute of Company Secretaries of India CORPORATE GOVERNANCE REPORT Corporate Governance is the application of best management practices, compliance of law in true letter and spirit and adherence to ethical standards for effective management

More information

No. Of board meetings attended

No. Of board meetings attended Annexure-5 CORPORATE GOVERNANACE REPORT As provided in the Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and as per some of the international practices followed

More information

ANNEXURE 1 CLAUSE 49 OF THE LISTING AGREEMENT. The company agrees to comply with the following provisions:

ANNEXURE 1 CLAUSE 49 OF THE LISTING AGREEMENT. The company agrees to comply with the following provisions: ANNEXURE 1 CLAUSE 49 OF THE LISTING AGREEMENT The company agrees to comply with the following provisions: Annexure I I. Board of Directors (A) Composition of Board (i) The Board of directors of the company

More information

ANNUAL REPORT

ANNUAL REPORT ANNUAL REPORT 2013-14 BOARD OF DIRECTORS Mihirbhai S. Parikh Director Shah Mukesh Kantilal Director Saurin J. Kavi Director Ravi P. Gandhi Director (w.e.f. 01/08/2013) Goravrajsingh V. Rathore Director

More information

SURAJ PRODUCTS LIMITED CORPORATE GOVERNANCE REPORT

SURAJ PRODUCTS LIMITED CORPORATE GOVERNANCE REPORT SURAJ PRODUCTS LIMITED CORPORATE GOVERNANCE REPORT 2013-14 REPORT ON CORPORATE GOVERNANCE As per the guidelines of SEBI & amended Listing Agreement with the stock exchanges, the company is making efforts

More information

Corporate Governance Report

Corporate Governance Report 52 Edelweiss Annual Report 2011-12 Corporate Governance Report Company s philosophy on Corporate Governance Corporate Governance is about promoting corporate fairness, transparency, accountability and

More information

Corporate Governance Report

Corporate Governance Report 5 Annual Report 216-17 NSE Electronic Application Processing Systems (NEAPS): The NEAPS is a web based application designed by NSE for corporates. All periodical compliance filings like shareholding pattern,

More information

IB INFOTECH ENTERPRISS LIMITED

IB INFOTECH ENTERPRISS LIMITED CORPORATE GOVERNANCE: Annexure - A COMPANY S PHILSOPHY ON CODE OF GOVERNANCE: IB Infotech Enterprises Limited aims at ensuring high ethical standards in all areas of its business operations to enhance

More information

MAN INFRACONSTRUCTION LIMITED REPORT ON CORPORATE GOVERNANCE

MAN INFRACONSTRUCTION LIMITED REPORT ON CORPORATE GOVERNANCE MAN INFRA ACONSTRUCTION LIMITED REPORT ON CORPORATE GOVERNANCE 29 21 Annual Report 29-1 Report on Corporate Governance 1. Company s Philosophy on code of Corporate Governance: Corporate Governance sets

More information

ALPS MOTOR FINANCE LIMITED ANNUAL REPORT

ALPS MOTOR FINANCE LIMITED ANNUAL REPORT ALPS MOTOR FINANCE LIMITED ANNUAL REPORT 2013-2014 BOARD OF DIRECTORS Mr. Brij Kishore Sabharwal Whole Time Director Mr. Braj Mohan Singh n Executive & Independent Director Mr. Harshwardhan Koshal n Executive

More information

PAGARIA ENERGY LIMITED. 22 nd ANNUAL REPORT

PAGARIA ENERGY LIMITED. 22 nd ANNUAL REPORT PAGARIA ENERGY LIMITED 22 nd ANNUAL REPORT 2012-13 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

More information

1. COMPANY S PHILOSOPHY ON CORPORATE GOVERNANCE:

1. COMPANY S PHILOSOPHY ON CORPORATE GOVERNANCE: CORPORATE GOVERNANCE REPORT Pursuant to Clause 49 of the listing agreement a Report on Corporate Governance is given below, which forms part of the Annual Report of the Company for the year 2012-13. 1.

More information

AZURE EXIM SERVICES LIMITED (Formerly known as Hindustan Continental Limited)

AZURE EXIM SERVICES LIMITED (Formerly known as Hindustan Continental Limited) AZURE EXIM SERVICES LIMITED (Formerly known as Hindustan Continental Limited) 20 TH ANNUAL REPORT 2012-13 PDF processed with CutePDF evaluation edition www.cutepdf.com Board of Directors Mr. Dilip Kumar

More information

Corporate governance. Audit Committee

Corporate governance. Audit Committee Corporate governance The names of members of Board of Directors, their attendance at Balaji Telefilms Board meetings and the number of their other directorships are set out below: Name of the Director

More information

PRESS RELEASE. Extension of date of ensuring compliance with revised Clause 49 of the Listing Agreement

PRESS RELEASE. Extension of date of ensuring compliance with revised Clause 49 of the Listing Agreement PRESS RELEASE PR No.66/2005 Extension of date of ensuring compliance with revised Clause 49 of the Listing Agreement Securities and Exchange Board of India (SEBI) has extended the date of ensuring compliance

More information

SURYA MARKETING LIMITED 29 TH ANNUAL REPORT

SURYA MARKETING LIMITED 29 TH ANNUAL REPORT SURYA MARKETING LIMITED 29 TH ANNUAL REPORT FINANCIAL YEAR 2013-2014 CORPORATE INFORMATION BOARD OF DIRECTORS Kailash Chand Upreti Ankit Modi Diwakar Joshi Virender Singh Rana COMPANY SECRETARY/ COMPLIANCE

More information

31ST ANNUAL REPORT

31ST ANNUAL REPORT 31ST ANNUAL REPORT - CORPORATE GOVERNANCE REPORT Your company confi rms the compliance of Corporate Governance as contained in the Securities Exchange Board of India (Listing Obligations and Disclosure

More information

IDFC S PHILOSOPHY ON CORPORATE GOVERNANCE

IDFC S PHILOSOPHY ON CORPORATE GOVERNANCE 42 IDFC ANNUAL REPORT 2011 12 CORPORATE GOVERNANCE REPORT IDFC S PHILOSOPHY ON CORPORATE GOVERNANCE Being a professionally run enterprise with no single promoter or promoter group, effective Board oversight

More information

Year Location Date Time Y.B. Chavan Auditorium, Mumbai a.m Y.B. Chavan Auditorium, Mumbai a.m.

Year Location Date Time Y.B. Chavan Auditorium, Mumbai a.m Y.B. Chavan Auditorium, Mumbai a.m. This move by the Ministry is welcome since it will benefit the society at large through speedier communication as well as reduction in paper consumption and contribute towards a Greener Environment. 10.

More information

CORPORATE GOVERNANCE REPORT

CORPORATE GOVERNANCE REPORT CORPORATE GOVERNANCE REPORT In accordance with Regulation 34(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with the Bombay Stock Exchange Limited (BSE) and the National

More information

AUDITORS CERTIFICATE ON CORPORATE GOVERNANCE

AUDITORS CERTIFICATE ON CORPORATE GOVERNANCE CyberTech Systems and Software Limited AUDITORS CERTIFICATE ON CORPORATE GOVERNANCE To, The Members, CyberTech Systems and Software Limited We have examined the compliance of the conditions of Corporate

More information

CORPORATE GOVERNANCE REPORT

CORPORATE GOVERNANCE REPORT CORPORATE GOVERNANCE REPORT The detailed report on Corporate Governance as per the format prescribed by SEBI and incorporated in clause 49 of the Listing Agreement is set out below : 1. Company's philosophy

More information

SECURITIES LIMITED TWENTIETH ANNUAL REPORT

SECURITIES LIMITED TWENTIETH ANNUAL REPORT SECURITIES LIMITED TWENTIETH ANNUAL REPORT 2013-2014 3 If undelivered, please return to : Vintage Securities Limited 58/3, B. R. B. Basu Road 1st Floor, Kolkata - 700 001 BOOK POST SECURITIES LIMITED BOARD

More information

ANNUAL REPORT VIRAT LEASING LIMITED

ANNUAL REPORT VIRAT LEASING LIMITED ANNUAL REPORT 2012 2013 CONTENTS Corporate Information Notice Directors Report Report On Corporate Governance Auditors Certificate On Corporate Governance Independent Auditors Report Balance Sheet Statement

More information

ESTEEM BIO ORGANIC FOOD PROCESSING LIMITED. Annual Report PDF processed with CutePDF evaluation edition

ESTEEM BIO ORGANIC FOOD PROCESSING LIMITED. Annual Report PDF processed with CutePDF evaluation edition ESTEEM BIO ORGANIC FOOD PROCESSING LIMITED Annual Report 2012-13 PDF processed with CutePDF evaluation edition www.cutepdf.com INDEX CONTENTS PAGE Corporate Information 3 Notice 4 Directors Report 7 Report

More information

Auditors' Certificate regarding compliance of conditions of Corporate Governance

Auditors' Certificate regarding compliance of conditions of Corporate Governance Auditors' Certificate regarding compliance of conditions of Corporate Governance To the Members of VST Industries Limited We have examined the compliance of conditions of Corporate Governance by VST Industries

More information

K D TREND WEAR LIMITED

K D TREND WEAR LIMITED K D TREND WEAR LIMITED ANNUAL REPORT For the Financial Year 2013-2014 1 P a g e COMPANY INFORMATION Annual Report 2013-2014 BOARD OF DIRECTORS Mr. Rajesh Verma Executive Director (Whole-time Director)

More information

CIN- U60222DL1986PLC026342

CIN- U60222DL1986PLC026342 Darcl Logistics Limited Regd. Office: - M-2, Himland House, Karampura Commercial Complex, New Delhi-110 015 Email- cs@darcl.com, Website- www.darcl.com Phone No. - 011-25920610, Fax No.- 011-25920618 CIN-

More information

Annexure I CORPORATE GOVERNANCE DISCLOSURES

Annexure I CORPORATE GOVERNANCE DISCLOSURES Annexure I CORPORATE GOVERNANCE DISCLOSURES In terms of the Clause No. 49 of the Listing Agreement ( the said Clause ) on Corporate Governance, the Company has been complying with the requirements of the

More information

1 7 t h A n n u a l R e p o r t Brahmaputra Infrastructure Limited. Contributing towards nation building

1 7 t h A n n u a l R e p o r t Brahmaputra Infrastructure Limited. Contributing towards nation building 1 7 t h A n n u a l R e p o r t 2 0 1 4 2 0 1 5 Brahmaputra Infrastructure Limited Contributing towards nation building BOARD OF DIRECTORS Sanjeev Kumar Prithani Joint Managing Director Sanjay Kumar Mozika

More information

CASE STUDIES ON CORPORARTE GOVERNANCE DISCLOSURE PRACTICES

CASE STUDIES ON CORPORARTE GOVERNANCE DISCLOSURE PRACTICES CASE STUDIES ON CORPORARTE GOVERNANCE DISCLOSURE PRACTICES In this chapter, an attempt has been made to conduct the case studies of a few selected companies who bagged the ICSI National Award for Excellence

More information

ECO FRIENDLY FOOD PROCESSING PARK LIMITED

ECO FRIENDLY FOOD PROCESSING PARK LIMITED ECO FRIENDLY FOOD PROCESSING PARK LIMITED ANNUAL REPORT 2012-13 PDF processed with CutePDF evaluation edition www.cutepdf.com Index CONTENTS PAGE Corporate Information 2 Notice 3 Directors Report 6 Report

More information

Brahmaputra Infrastructure Limited

Brahmaputra Infrastructure Limited Contributing towards Nation Building CORPORATE INFORMATION Brahmaputra Infrastructure Limited BOARD OF DIRECTORS Sanjeev Kumar Prithani - Joint Managing Director Sanjay Kumar Mozika - Joint Managing Director

More information

CORPORATE GOVERNANCE REPORT

CORPORATE GOVERNANCE REPORT 1. CORPORATE GOVERNANCE PHILOSOPHY : CORPORATE GOVERNANCE REPORT Your Company believes in adopting the best corporate governance practices, based on the following principles in order to maintain transparency,

More information

Shree Pushkar Chemicals & Fertilisers Limited The Chemistry Behind Colours

Shree Pushkar Chemicals & Fertilisers Limited The Chemistry Behind Colours REPORT ON CORPORATE GOVERNANCE Shree Pushkar Chemicals & Fertilisers Limited The Directors present the Company s Report on Corporate Governance for the year ended March 31, 2017, in terms of Regulation

More information

Corporate governance. Composition of the Board of Directors. committed to maximising long-term value to the shareholders and the Company

Corporate governance. Composition of the Board of Directors. committed to maximising long-term value to the shareholders and the Company Balaji Telefilms Limited is committed to sound governance process as its first step towards adequate investor protection. In view of this, the Company has complied extensively with the Corporate Governance

More information

June 29th, 2007; July 31st 2007; October 31st, 2007; November 29th, 2007; January 30th, 2008, and February 28th, 2008.

June 29th, 2007; July 31st 2007; October 31st, 2007; November 29th, 2007; January 30th, 2008, and February 28th, 2008. KHAITAN ELECTRICALS LIMITED CORPORATE GOVERNANCE REPORT. Company s Philosophy on Code of Governance: Your Company believes that good corporate governance entails the balancing of corporate actions with

More information

MANUBHAI & SHAH LLP Maker Bhavan # 2, CHARTERED ACCOUNTANTS

MANUBHAI & SHAH LLP Maker Bhavan # 2, CHARTERED ACCOUNTANTS MANUBHAI & SHAH LLP Maker Bhavan # 2, CHARTERED ACCOUNTANTS 18, New Marine Lines, Mumbai 400020. Tel. 66333558/59/60 Fax: 66333561 www.msglobal.co.in E-mail: infomumbai@msglobal.co.in AMENDMENTS IN SEBI

More information

Annual Report

Annual Report Vaishno Cement Company Ltd. Annual Report 2010 2011 BOARD OF DIRECTORS R. K. Jaiswal Chairman Pramod Agarwal Independent Director Rama Shankar Thakur Independent Director COMPLIANCE OFFICER Mr. Chandresh

More information

AMENDMENTS IN SEBI LISTING AND DISCLOSURE REQUIREMENTS REGULATIONS (CA P.N. SHAH AND CS AMRUTA AVASARE)

AMENDMENTS IN SEBI LISTING AND DISCLOSURE REQUIREMENTS REGULATIONS (CA P.N. SHAH AND CS AMRUTA AVASARE) AMENDMENTS IN SEBI LISTING AND DISCLOSURE REQUIREMENTS REGULATIONS (CA P.N. SHAH AND CS AMRUTA AVASARE) Securities And Exchange Board of India (SEBI) had appointed a Committee under the Chairmanship of

More information

30 th ANNUAL REPORT (Formerly known as Agarwal Holdings Limited )

30 th ANNUAL REPORT (Formerly known as Agarwal Holdings Limited ) 30 th ANNUAL REPORT 2011-12 (Formerly known as Agarwal Holdings Limited ) WAGEND INFRA VENTURE LIMITED BOARD OF DIRECTORS Mr. Sanjay Minda - Chairman Mr. Pratik Jain - Managing Director Mr. Vinod Jain

More information

27th ANNUAL REPORT

27th ANNUAL REPORT 27th ANNUAL REPORT 2011-2012 Capricorn Systems Global Solutions Limited People and Solutions 1 BOARD OF DIRECTORS 1. Mr. S. Murali Krishna Chairman 2. Mr. S. Man Mohan Rao Managing Director 3. Mr. G. Surender

More information

edynamics Solutions Limited Thirteenth Annual Report

edynamics Solutions Limited Thirteenth Annual Report edynamics Solutions Limited Thirteenth Annual Report FY 2012-13 INDEX S.. Particulars Page. 1 Corporate Information 2 2 tice 3 3 Directors Report 6 4 Report on Corporate Governance 11 5 Management Discussion

More information

Report on Corporate Governance

Report on Corporate Governance Report on Corporate Governance Clause 49 of the listing agreement with the Indian Stock Exchanges stipulates the norms and disclosure standards that have to be followed on the Corporate Governance front

More information

VIBROS ORGANICS LIMITED ANNUAL REPORT: PDF processed with CutePDF evaluation edition

VIBROS ORGANICS LIMITED ANNUAL REPORT: PDF processed with CutePDF evaluation edition VIBROS ORGANICS LIMITED ANNUAL REPORT: 2012-2013 1 PDF processed with CutePDF evaluation edition www.cutepdf.com VIBROS ORGANICS LIMITED Company Information Board of Directors Mr. Naveen Kohli Mr. Anil

More information

REPORT ON CORPORATE GOVERNANCE

REPORT ON CORPORATE GOVERNANCE REPORT ON CORPORATE GOVERNANCE 1. COMPANY'S PHILOSOPHY ON CODE OF GOVERNANCE The Company as a part of Kirloskar Group, is committed to maintain high standards of Corporate Governance. To us, Corporate

More information

COrPOrATE GOVErnAnCE in MMTC BOArD OF DirECTOrs

COrPOrATE GOVErnAnCE in MMTC BOArD OF DirECTOrs CORPORATE GOVERNANCE IN MMTC MMTC is a fully committed to promoting & strengthening the principles of sound corporate governance norms through the adherence of highest standards of transparency, trust

More information

DJS STOCK AND SHARES LIMITED

DJS STOCK AND SHARES LIMITED DJS STOCK AND SHARES LIMITED EIGHTEENTH ANNUAL REPORT 2011-2012 Regd.Off : Visweawaram,132, West Venkatasamy Road, Ground Floor, RS Puram, Coimbatore-641001.Tamilnadu Tel: +91-422-2544551.Fax:+91-422-2544553

More information

Annual Report MMM MADHUBAN CONSTRUCTIONS LIMITED ANNUAL REPORT FINANCIAL YEAR P a g e

Annual Report MMM MADHUBAN CONSTRUCTIONS LIMITED ANNUAL REPORT FINANCIAL YEAR P a g e Annual Report 2013-2014 MMM MADHUBAN CONSTRUCTIONS LIMITED ANNUAL REPORT FINANCIAL YEAR 13-14 1 P a g e Annual Report 2013-2014 Contents Corporate information tice Director s report Report on corporate

More information

Annual Report Classic Global Finance and. Capital Limited ANNUAL REPORT. For the Financial Year P a g e

Annual Report Classic Global Finance and. Capital Limited ANNUAL REPORT. For the Financial Year P a g e Classic Global Finance and Capital Limited ANNUAL REPORT For the Financial Year 2012-2013 1 P a g e Contents Board of Directors... Notice.. Director s Report.. Compliance Certificate. Management Discussion

More information

THE GAZETTE OF INDIA EXTRAORDINARY. PART II - SECTION 3 - SUB-SECTION (ii) PUBLISHED BY AUTHORITY NOTIFICATION. MUMBAI, THE 16th DAY OF MAY, 1996

THE GAZETTE OF INDIA EXTRAORDINARY. PART II - SECTION 3 - SUB-SECTION (ii) PUBLISHED BY AUTHORITY NOTIFICATION. MUMBAI, THE 16th DAY OF MAY, 1996 THE GAZETTE OF INDIA EXTRAORDINARY PART II - SECTION 3 - SUB-SECTION (ii) PUBLISHED BY AUTHORITY NOTIFICATION MUMBAI, THE 16th DAY OF MAY, 1996 SECURITIES AND EXCHANGE BOARD OF INDIA (DEPOSITORIES AND

More information

MARGO FINANCE LIMITED

MARGO FINANCE LIMITED Board of Directors Shri Anil Kumar Jain Chairman Shri Govind Prasad Agrawal Director Shri Sushil Kumar Agrawal Director Shri Pradeep Kantilal Shah Director Auditors Bankers Registered Office Head Office

More information

ADDITIONAL SHAREHOLDER INFORMATION

ADDITIONAL SHAREHOLDER INFORMATION ADDITIONAL SHAREHOLDER INFORMATION ANNUAL GENERAL MEETING Date: Tuesday, July 29, 2014 Time: 2.00 p.m. Venue: The Music Academy New No. 168 (Old No. 306), T.T.K. Road, Royapettah, Chennai - 600 014. FINANCIAL

More information

Hotel Property Investments Limited. Responsible Entity Compliance Committee Charter

Hotel Property Investments Limited. Responsible Entity Compliance Committee Charter Hotel Property Investments Limited Responsible Entity Compliance Committee Charter TABLE OF CONTENTS 1 Purpose... 3 2 Duties and Responsibilities... 3 2.1 Cooperation with the Responsible Entity... 3 2.2

More information

ADI RASAYAN LIMITED 21 ANNUAL REPORT

ADI RASAYAN LIMITED 21 ANNUAL REPORT ADI RASAYAN LIMITED ST 21 ANNUAL REPORT 2012-13 21st ANNUAL REPORT - 2012-13 21st ANNUAL REPORT 2012-13 Directors Sanjiv Joshi - Executive Director Ashish S Pandare - Independent Director Lalji Ramraj

More information

Non-Executive Independent Director

Non-Executive Independent Director B O A R D O F D I R E C T O R S Mr. A. B. Kalyani Mr. B. B. Hattarki Mr. M. U. Takale Ms. A. A. Sathe Chairman Non-Executive Independent Director Non-Executive Independent Director Non-Executive Independent

More information

SUDEV INDUSTRIES LIMITED

SUDEV INDUSTRIES LIMITED 20 th ANNUAL REPORT F.Y. 2012-2013 SUDEV INDUSTRIES LIMITED Regd. Office: A-74/1 & 2, UPSIDC Area, Sikandrabad District Bulandshahar (Uttar Pradesh) - 203205 Corp. Office(s): BP-77, Pitam Pura, New Delhi

More information

NOTICE OF ANNUAL GENERAL MEETING

NOTICE OF ANNUAL GENERAL MEETING NOTICE NOTICE OF ANNUAL GENERAL MEETING Notice, be and is hereby given that 35 th Annual General Meeting of the Members of GP Petroleums Limited will be held on Friday the 21 st September, 2018 at 3.30

More information

TRACK RECORD OF THE PUBLIC ISSUES MANAGED BY THE MERCHANT BANKER IN THE LAST 3 FINANCIAL YEARS

TRACK RECORD OF THE PUBLIC ISSUES MANAGED BY THE MERCHANT BANKER IN THE LAST 3 FINANCIAL YEARS A. For Equity Issues Name of the Mahabir Metallex Limited_SME IPO 1 Type of issue (IPO/ FPO) SME IPO 2 Issue size (Rs crore) Rs. 3.90 crores 3 Grade of issue alongwith name of the rating agency Not Applicable

More information

GREEN FIELD AGRI VENTURES LIMITED (Formerly Known as ORIPRO LIMITED)

GREEN FIELD AGRI VENTURES LIMITED (Formerly Known as ORIPRO LIMITED) GREEN FIELD AGRI VENTURES LIMITED (Formerly Known as ORIPRO LIMITED) 19 th ANNUAL REPORT 2012-2013 CONTENTS 1. Corporate Information 2. Notice of Annual General Meeting 3. Directors Report 4. Management

More information

CONTENTS. Board of Directors...2. Directors Report...3. Management Discussion and Analysis...8. Corporate Governance... 10

CONTENTS. Board of Directors...2. Directors Report...3. Management Discussion and Analysis...8. Corporate Governance... 10 CONTENTS Board of Directors...2 Directors Report...3 Management Discussion and Analysis...8 Corporate Governance... 10 General Shareholder Information... 16 Report on Corporate Social Responsibility...

More information

N O T I C E. To consider and, if deemed fit, to pass, with or without modification(s), the following Resolution

N O T I C E. To consider and, if deemed fit, to pass, with or without modification(s), the following Resolution N O T I C E Notice is hereby given that the Thirty Fifth Annual General Meeting of the Members of Bodhtree Consulting Limited will be held at Crystal-I, Radisson, Hitec City, Gachibowli, Hyderabad, Telangana

More information

S. No. Name of the issue: MUTHOOT FINANCE LIMITED Issue opening date: August 23, Last updated on: March 31, 2014

S. No. Name of the issue: MUTHOOT FINANCE LIMITED Issue opening date: August 23, Last updated on: March 31, 2014 S. No. 1 2 Name of the issue: MUTHOOT FINANCE LIMITED Issue opening date: August 23, 2011 Last updated on: March 31, 2014 Type of Issue: PUBLIC ISSUE OF SECURED NON CONVERTIBLE DEBENTURES OF FACE VALUE

More information

BIL ENERGY SYSTEMS LIMITED

BIL ENERGY SYSTEMS LIMITED NOTICE NOTICE is hereby given that the 9 th Annual General Meeting of the Members of BIL ENERGY SYSTEMS LIMITED will be held at 1 st Floor, Landmark Building, Mith Chowky, Link Road, Malad West, Mumbai

More information

ANSHU S CLOTHING LIMITED

ANSHU S CLOTHING LIMITED 19 TH ANNUAL REPORT 2013-14 Clothing Limited 1 CORPORATE INFORMATION CIN : L36999GJ1995PLC025177 BOARD OF DIRECTORS : Mr. Ravi Jagdish Bhandari Managing Director (DIN: 01227082) Mr. Chirag Jagdishbhai

More information

JOLLY PLASTIC INDUSTRIES LIMITED

JOLLY PLASTIC INDUSTRIES LIMITED JOLLY PLASTIC INDUSTRIES LIMITED ANNUAL REPORT FOR THE FINANCIAL YEAR 2012-2013 BOARD OF DIRECTORS Mr. Shyam Mohan Mittal Mr. Kishore Saxena Mr. Dharmesh Bhai Patel Mr. Braj Mohan Singh Chairman & M.D

More information

REPORT ON CORPORATE GOVERNANCE

REPORT ON CORPORATE GOVERNANCE 067 REPORT ON GOVERNANCE The Company s Philosophy on Corporate Governance Kajaria s (the Company) governance philosophy is based on the trusteeship, transparency and accountability. We believe that it

More information

AUDITORS : SANJAY BHANDARI & CO. Chartered Accountants 824, Poonamallee High Road Chennai

AUDITORS : SANJAY BHANDARI & CO. Chartered Accountants 824, Poonamallee High Road Chennai BOARD OF DIRECTORS : SRI S. RAMALINGAM Chairman SRI NARENDRA C. MAHER Managing Director SRI MAHENDRA K. MAHER SRI JOHN K. JOHN SRI R. SUBRAHMANIAN SRI CHIRAG N. MAHER Director - Operations SRI NARENDRA

More information

SEBI (Listing Obligation and Disclosure Requirements) Regulations,2015. (Listing Regulations)

SEBI (Listing Obligation and Disclosure Requirements) Regulations,2015. (Listing Regulations) SEBI (Listing Obligation and Disclosure Requirements) Regulations,2015 (Listing Regulations) Chapter No. Content Remarks I Preliminary (Regulation 1to 3) Applicable II III IV V VI Principles Governing

More information

Board s Report ANNUAL REPORT

Board s Report ANNUAL REPORT Board s Report Dear Shareholders, Your Directors present to you the Sixth Annual Report together with the audited statement of accounts of the Company for the financial year ended March 31, 2016. FINANCIAL

More information

Classic Global Finance andcapital Limited

Classic Global Finance andcapital Limited Classic Global Finance andcapital Limited ANNUAL REPORT For the Financial Year 2013-2014 COMPANY INFORMATION BOARD OF DIRECTORS Mr. Vinod Kumar Garg Executive Director (Whole-time Director) Mr. Ranjeet

More information

Advanced Chemical Industries Limited

Advanced Chemical Industries Limited Annexure-V Advanced Chemical Industries Limited Status of Compliance with the Corporate Governance Guidelines (CGG) Status of the compliance with the conditions imposed by the Notification SEC/CMRRCD/2006-158/134/Admin/44

More information

MAHARASHTRA OVERSEAS LIMITED

MAHARASHTRA OVERSEAS LIMITED MAHARASHTRA OVERSEAS LIMITED 28TH ANNUAL REPORT 2009 2010 BOARD OF DIRECTORS : Ramesh Kumar Bhattar Jethmal Rathi Rajendra H. Mehta Tilokchand Kothari BANKERS : HDFC Bank Ltd. The Pratap Co-op. Bank Ltd.

More information

Your Directors have pleasure in presenting the Seventieth Annual Report for the year ended on March 31, 2016.

Your Directors have pleasure in presenting the Seventieth Annual Report for the year ended on March 31, 2016. 19 Directors Report Your Directors have pleasure in presenting the Seventieth Annual Report for the year ended on March 31, 2016. Financial Results (` Cr) Particulars For the year ended on March 31, 2016

More information

MERCURY METALS LIMITED

MERCURY METALS LIMITED 26 th ANNUAL REPORT 2011-2012 TWENTY SIXTH ANNUAL REPORT 2011-12 BOARD OF DIRECTORS Govindram L. Kabra Executive Director ( w.e.f. 13/08/2012 ) Rampraksash L. Kabra Director Mahendra G. Prajapati Director

More information

ANNUAL -. REP.ORT ; ~ :... ::.'

ANNUAL -. REP.ORT ; ~ :... ::.' ~ ;.,- ṭ ;... '. ANNUAL -. REP.ORT -2010.2011 1...' '"... :. ~ r.. ~-...--... ~ - ---.:........ 'IIḶ,. ::.' Global Capital Market & Infrastructures Limited BOARD OF DIRECTORS I. C. Baid Chairman L. N.

More information

CORPORATE GOVERNANCE REPORT

CORPORATE GOVERNANCE REPORT CORPORATE GOVERNANCE REPORT 1. THE COMPANY S PHILOSOPHY ON CODE OF CORPORATE GOVERNANCE Corporate Governance continues to be a strong focus area for the Company. Our philosophy on Corporate Governance

More information

COMPOSITION OF COMMITTEES OF ANJANI SYNTHETICS LIMITED

COMPOSITION OF COMMITTEES OF ANJANI SYNTHETICS LIMITED COMPOSITION OF COMMITTEES OF ANJANI SYNTHETICS LIMITED AUDIT COMMITTEES: 1) Audit s : Section 177 of the Companies Act, 2013 provides that every listed company shall constitute an Audit comprising of a

More information

39th. Annual Report IST LIMITED

39th. Annual Report IST LIMITED 39th Annual Report 2014-2015 39th Annual Report 2014-2015 BOARD OF DIRECTORS AIR MARSHAL (RETD.) D. KEELOR, CHAIRMAN SHRI S.C. JAIN, EXECUTIVE DIRECTOR LT. COL. (RETD.) N.L. KHITHA, DIRECTOR (TECH.) MRS.

More information

Koffee Break. 21st Annual Report Twenty First Annual Report. pictures. PDF processed with CutePDF evaluation edition

Koffee Break. 21st Annual Report Twenty First Annual Report. pictures. PDF processed with CutePDF evaluation edition Koffee Break pictures 21st Annual Report 2012-13 Twenty First Annual Report PDF processed with CutePDF evaluation edition www.cutepdf.com KOFFEE BREAK PICTURES LIMITED BOARD OF DIRECTORS Mr. Apurva Shah

More information

3. To appoint a Director in place of Mr. Pradip P. Shah who retires by rotation and being eligible offers himself for re-appointment.

3. To appoint a Director in place of Mr. Pradip P. Shah who retires by rotation and being eligible offers himself for re-appointment. NOTICE NOTICE is hereby given that the SIXTY EIGHTH ANNUAL GENERAL MEETING OF BASF INDIA LIMITED will be held at Yashwantrao Chavan Pratishthan Auditorium, Y. B. Chavan Centre, General Jagannath Bhosale

More information

Annexure-V. Status of Compliance with the Corporate Governance Guidelines (CGG)

Annexure-V. Status of Compliance with the Corporate Governance Guidelines (CGG) Annexure-V Status of with the Corporate Governance Guidelines (CGG) Status of the compliance with the conditions imposed by the tification. SEC/CMRRCD/2006-158/134/Admin/44 dated 07 August 2012 of the

More information

ROSELABS LIMITED. 17th Annual Report

ROSELABS LIMITED. 17th Annual Report 17th Annual Report 2010-2011 BOARD OF DIRECTORS Shri Pawankumar Agrawal Managing Director Shri Zameer Agrawal Whole Time Director Shri Paresh Sampat Director Shri Ramawtar Jangid Director AUDITORS M/s.

More information

GUIDANCE ON GOOD PRACTICES IN CORPORATE. G.BALASUBRAMANIAM Company Secretary Roots Multi Clean Ltd. Coimbatore

GUIDANCE ON GOOD PRACTICES IN CORPORATE. G.BALASUBRAMANIAM Company Secretary Roots Multi Clean Ltd. Coimbatore GUIDANCE ON GOOD PRACTICES IN CORPORATE G.BALASUBRAMANIAM Company Secretary Roots Multi Clean Ltd. Coimbatore In the beginning, the Pencil Maker spoke to the pencil saying, "There are five things you need

More information

NOTICE TO SHAREHOLDERS

NOTICE TO SHAREHOLDERS NOTICE TO SHAREHOLDERS NOTICE is hereby given that the Twenty Fourth Annual General Meeting of the Company will be held on Wednesday the 28 th September 2016 at 9.30 a.m. at 2nd Floor, Robert V Chandran

More information

Notice of Extraordinary General Meeting

Notice of Extraordinary General Meeting Notice of Extraordinary General Meeting NOTICE is hereby given that an Extraordinary General Meeting of the Members of MSTC Limited (the Company ) will be held on Wednesday, the26 th December, 2018 at

More information

UNIVERSAL OFFICE AUTOMATION LTD. REGD. OFFICE : 806, SIDDHARTH, 96, NEHRU PLACE, NEW DELHI

UNIVERSAL OFFICE AUTOMATION LTD. REGD. OFFICE : 806, SIDDHARTH, 96, NEHRU PLACE, NEW DELHI NOTICE UNIVERSAL OFFICE AUTOMATION LTD. REGD. OFFICE : 806, SIDDHARTH, 96, NEHRU PLACE, NEW DELHI 110019 NOTICE is hereby given that the Twenty First Annual General Meeting of the Company will be held

More information

16th Annual Report STARCOM INFORMATION TECHNOLOGY LIMITED (Formerly known as Jatia Finance Limited)

16th Annual Report STARCOM INFORMATION TECHNOLOGY LIMITED (Formerly known as Jatia Finance Limited) 16th Annual Report 2010-11 STARCOM INFORMATION TECHNOLOGY LIMITED (Formerly known as Jatia Finance Limited) STARCOM INFORMATION TECHNOLOGY LIMITED (Formerly known as Jatia Finance Limited) 16th Annual

More information

Annual Report

Annual Report Notice is hereby given that the 33 rd Annual General Meeting of Members of Vascon Engineers Limited will be held at MonarcQ Hall, Royal Orchid Hotels, Opp. Cerebrum IT Park, Kalyaninagar, Pune 411 014,

More information

ROSELABS FINANCE LIMITED

ROSELABS FINANCE LIMITED 18 TH ANNUAL REPORT 2011-12 BOARD OF DIRECTORS: Shri Deependra Gupta Shri Samyak Veera Shri Sagar Gawde Director Director Director AUDITORS: BANKERS: REGISTERED OFFICE: M/s Mehta Kothari & Associates,

More information

53 ANNUAL REPORT

53 ANNUAL REPORT rd 53 ANNUAL REPORT 2012-13 CONTENTS NOTICE TO THE MEMBERS... 3-4 DIRECTORS REPORT... 5-8 ANNEXURE TO DIRECTORS REPORT...9-10 REPORT ON CORPORATE GOVERNANCE... 11-20 ANNEXURE TO CORPORATE GOVERNANCE REPORT...21

More information

No. of other present Directorships held in public companies

No. of other present Directorships held in public companies Corporate Governance Corporate Governance is a set of standards which aims to improve the Company s image, efficiency and effectiveness. It is the road map, which guides and directs the Board of Directors

More information

3. To appoint a Director in place of Mrs. Vimmi Sachdev who retires by rotation and being eligible

3. To appoint a Director in place of Mrs. Vimmi Sachdev who retires by rotation and being eligible SMART FINSEC LIMITED Registered Office:- F-88, IIND FLOOR, INDUSTRIAL POCKET, DISTRICT CENTRE WEST DELHI, RAJA GARDEN NEW DELHI-110027 CIN:- L74899DL1995PLC063562 Phone:-011-25167071 Email Id:-rajesh@smartequity.in

More information

NOTICE. SOIRU V. DEMPO 5 th November, 2012 Executive Director Registered Office: Dempo House, Campal Panaji, Goa

NOTICE. SOIRU V. DEMPO 5 th November, 2012 Executive Director Registered Office: Dempo House, Campal Panaji, Goa NOTICE Notice is hereby given that the Twenty-Seventh Annual General Meeting of the Members of Hindustan Foods Limited ( the Company ) will be held at the Registered Office of the Company at Dempo House,

More information