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Vikas Lifecare Ltd. Directors Report
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You can view full text of the latest Director's Report for the company.
Market Cap. (Rs.) 800.33 Cr. P/BV 2.27 Book Value (Rs.) 2.14
52 Week High/Low (Rs.) 8/3 FV/ML 1/1 P/E(X) 0.00
Bookclosure 27/09/2023 EPS (Rs.) 0.00 Div Yield (%) 0.00
Year End :2023-03 

The Board of Directors hereby submits the report of the business and operations of your Company, along with the audited financial statements, for the financial year ended March 31, 2023.

financial results and operations

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

(Amount in Lacs)

Particulars

standalone

consolidated

FY 2022-23

FY 2021-22

FY 2022-23

FY 2021-22

Net Sales /Income from Business Operations

46271.74

29497.80

47604.80

30092.18

Other Income

-2831.03

4358.39

(2786.08)

4366.89

Total Income

43440.71

33856.19

44818.73

34459.08

Cost of material consumed

2693.38

4835.51

2862.70

4835.51

Purchase of Stock in trade

40672.77

24111.26

41393.75

24538.67

Employee Benefit Expense

201.96

139.61

256.06

188.80

Changes in Inventories

929.85

(210.72)

916.37

(297.92)

Financial Costs

199.05

208.64

230.16

215.71

Other Expenses

641.4

860.57

999.60

921.58

Profit before Depreciation

(1897.7)

3911.32

46658.65

30402.35

Less: Depreciation

252.89

138.11

300.94

151.22

Less: Exceptional items

0.00

0.00

0.00

0.00

Net Profit Before Tax

(2150.59)

3773.21

(2136.69)

3908.55

Less Current Tax

347.49

230.42

366.42

230.42

Less Previous year adjustment of Income Tax

0.00

(132.73)

0.00

(132.73)

Less Deferred Tax

(961.94)

882.88

(952.14)

916.18

Profit for the Period

(1536.14)

2792.64

(1550.98)

2894.68

During the year under review, the Company's consolidated revenue from operations increased from Rs. 30092.18 Lacs to Rs. 47604.80 Lacs and the Loss of the Company for the period under review were Rs. 1550.98 Lacs as compared to Profit of the company Rs. 2894.68 Lacs in the previous year.

Further, on standalone basis, the Company has achieved the turnover of Rs. 46271.74 Lacs as compared to Rs. 29497.80 Lacs in the previous year and the loss of the Company during the year were Rs. 1536.14 as compared to profit of Rs. 2792.64 in the previous year.

business overview & outlook

Vikas Lifecare Ltd. is an ISO 9001:2015 certified company, historically engaged in the business of trading and manufacturing of Polymer and Rubber compounds and Specialty Additives for Plastics, Synthetic & Natural Rubbers. The company has been conventionally engaged in various business segments including Polymer & Rubber Commodity (bulk consumption) Compounds and Master-Batches. Manufacturing Up-Cycled Compounds from industrial and post-consumer waste and scrap materials like EVA, PVC, PP, PE etc., directly contributing to the Environment Protection initiatives from the Government of India and fulfilling the mandated EPR obligations for the conglomerates using hundreds of thousands of tonnes of plastic products and packaging materials.

Your Company is also a Del-Credere agent of ONGC - The Oil and Natural Gas Corporation Ltd.” Petro Additions Limited, a public sector undertaking producing a wide variety of base polymers and commodity plastic raw materials.

In addition, the Company has a division engaged in Agro Products Business, The Company is empanelled with NAFED - The "National Agricultural Co Operative Federation of India” and HOFED - The "Uttar Pradesh Horticultural Co Operative Marketing Federation”.

As a long-term business strategy, the company has most recently diversified it's business interests beyond raw materials (B2B businesses) and forayed into the B2C segment with a host of consumer products for FMCG, Agro, and Infrastructure Segments; paving way for an aggressive business growth with adding intricately planned and selected product portfolios via acquisitions, joint ventures and tie-ups. Your Company intends establishing / acquiring businesses in these segments thereby expanding its footprint in the country and beyond.

Vikas Lifecare Limited's subsidiary Genesis Gas Solutions Pvt. Ltd. is engaged in the business of Smart Gas Meters being supplied to all the major Gas Distribution Companies for domestic and commercial consumers. Genesis pioneers in Smart Gas and Water Metering and commands about 20% of the Domestic Gas Metering business share in India.

"Vikas Lifecare's subsidiary Genesis Gas Solutions enters into Joint Venture Agreement with Indraprastha Gas Limited (IGL) and we are pleased to inform that proposed Joint Venture Company IGL Genesis Technologies Limited (CIN: U26513DL2023PLC415626) has been incorporated on June 15, 2023”.

Vikas Lifecare Limited's another subsidiary M/s Shashi Beriwal & Co. Pvt Ltd is engaged in manufacturing of packaged beverages including Fruit Juices of a wide variety, Aerated drinks including the most popular flavors like Cola, Orange, Mango along with very Indian Jeera and Shikanji drinks and has most recently forayed into the fast-expanding market in India for "Energy Drinks”.

Company's various business segments, their prospective and future outlook has been discussed in details, separately in 'Management Discussion and Analysis Report' which is annexed herewith and form part of the Directors Report.

listing of equity shares

Equity shares of the Company were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on May 8, 2019.

capital structure

Authorized Share Capital

The Authorized Share Capital of the Company as on March 31, 2023 was Rs. 150,00,00,000 divided into 150,00,00,000 Equity Shares of Re.1 each.

Paid-up Share Capital and Allotments

As on March 31, 2023, the Issued and Paid-up Share Capital of the Company stood at Rs. 1,43,69,33,560/- divided into 1,43,69,33,560 fully paid up equity shares of face value of Re. 1/- per share .

a) Right Issue

During the year under review, pursuant to member's approval, stock exchanges and other statutory approvals, the Company has issued certain equity shares on Right basis to its existing shareholders and Company has raised share through QIP as detailed herein below:

Particulars

Issue of Securities on Right basis to raise funds up to Rs. 50 Cr

Partly Paid up Equity Shares (On Application)

Date of Board Approval

August 25, 2021

Date of members approval

September 20, 2021

Issue Size

Rs. 49,54,09,970

No. of Shares to be issued

17,69,32,132

Rights Entitlement Ratio

4:21

Issue Price (Including Securities Premium of Rs. 0.85 per share)

Rs. 1.10/-

Record Date

November 1, 2021

Issue Period

From November 10, 2021 to November 24, 2021

Date of Allotment

December 3, 2022

No. of Fully Paid-up Shares issued

-

No. of Partly Paid-up Shares issued

7,69,32,132

Outstanding fully paid-up Equity Shares prior to the Rights Issue

92,88,93,693 Equity shares of Re. 1/- each

Outstanding fully paid-up Equity Shares post Right Issue

92,88,93,693 Equity shares of Re. 1/- each

Outstanding partly paid-up Equity Shares prior to the Rights Issue

-

Outstanding partly paid-up Equity Shares post Right Issue

17,69,32,132 partly paid-up Equity shares

In respect of the 17,69,32,132 partly paid-up Equity shares issued on December 3, 2021 the Company made first and final Call, followed by Reminder-I, details of the same along with consequent conversion of partly paid shares to fully paid up shares and their outstanding balance are as per the following table:

Particulars

First Call

First Reminder

Second & Final Reminder

Call Record Date

January 14, 2022

Not Applicable

Not Applicable

Notice Date

January 17, 2022

March 28, 2022

February 28, 2023

Period for making payment

From January 20, 2022 to February 3, 2022

From April 4, 2022 to April 18, 2022

From March 6,2023 to March 15, 2023

Call Money Received

Rs. 30,07,84,624.40/-

Rs. 2,27,88,222.90/-

Rs. 14,29,200.20/

No. of Shares converted into fully paid-up Equity Shares pursuant to receipt of call money

16,35,27,295

71,46,781

8,40,706

Date of Conversion (Allotment of fully paid-up shares)

February 15, 2022

April 30, 2022

March 21, 2023

Outstanding partly paid-up Equity Shares before Call/Reminder Notice

17,69,32,132 partly paid-up Equity shares

1,34,04,837 partly paid-up Equity shares

62,58,056 partly paid-up Equity shares

Outstanding partly paid-up Equity Shares after Call/Reminder Notice

1,34,04,837 partly paid-up Equity shares

62,58,056 partly paid-up Equity shares

54,17,350 partly paid-up Equity shares were forfeited for Non Payment of Call Money

Further, The Company made Second and final reminder call to the holders of Partly Paid-up shares February 28, 2023. The transition of 8,40,706 partly paid-up Equity Shares of Face Value of Re.1/- into Fully Paid-up equity shares and subsequently allotment was made on March 21,2023. All these shares were subsequently listed and admitted for trading on BSE Limited & National Stock Exchange of India Limited.

Forfeiture by Rights Issue Committee: The Shareholders were intimated through various reminder cum forfeiture notice(s) requesting them to make the payment of First and Final Call Money within the due date through First and Final Call Money Notice dated January 14, 2022, First Reminder Notice dated March 28, 2022 and Second and Final Reminder-cum Forfeiture Notice#2 dated February 28, 2023.

The Right Issue Committee forfeited 54,17,350 Partly Paid-up Shares on which Call Money after reminders has not received by the Company on i.e. March 21, 2023.

b) Qualified Institutions Placement (QIP)

Details of Qualified institutions placement of equity shares of face value of '1 under the provisions of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the "SEBI ICDR Regulations"), and Sections 42 and 62 of the Companies Act, 2013. The gist of Qualified institutions placement (QIP) are given below:

Particulars

1st Trench

2nd Trench

3rd Trench

Date of Board Approval

January 10, 2022

January 10, 2022

January 10, 2022

Date of Members Approval

February 18, 2022

February 18, 2022

February 18, 2022

Date of Opening of Issue

May 25, 2022

August 17, 2022

November 15, 2022

Floor Price

' 4.20 per Equity Share

' 5.03 per Equity Share

' 4.88 per Equity Share

Date of Closing of Issue

June 2, 2022

August 24, 2022

November 24, 2022

Relevant date

May 25, 2022

August 17, 2022

November 15, 2022

Issue Price

issue price at ' 4.00 per Equity Share (including a premium of ' 3.00 per Equity Share)

issue price at ' 4.80 per Equity Share (including a premium of ' 3.80 per Equity Share)

Issue price at ' 4.65 per Equity Share (including a premium of ' 3.65 per Equity Share)

No. of shares Issued

12,50,00,000 equity shares of face value of ' 1

10,41,66,666 equity shares of face value of ' 1

10,75,26,881 equity shares of face value of ' 1

CHANGE IN NAME OF THE COMPANY

During the period under review, there was no change in the name of the Company.

management discussion and analysis report

In terms of Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') Management Discussion and Analysis report ("MD&A Report") providing a detailed overview of your Company's performance, industry trends, business and risks involved is provided separately and is forming part of the Annual Report.

subsidiary companies, joint venture and consolidated financial statements

The Company has a two Subsidiary company named "Genesis Gas Solutions Private Limited" and Shashi Beriwal

Private Limited. The Company acquired 51.38% stake in M/s Shashi Beriwal & Co. Pvt Ltd on October 14th 2022. Accordingly, M/s

Shashi Beriwal & Co. became subsidiary in the year 2022-23.

The Company has also acquired 30% stake in FMCG Retail Chain Stores Ardh Sainik Canteen against cash consideration of INR 150 Million on October 10, 2022.

The Company has reduced its entire stake i.e. 17.51% in Advik Laboratories Limited on November 11, 2022.

"Vikas Lifecare's subsidiary Genesis Gas Solutions enters into Joint Venture Agreement with Indraprastha Gas Limited (IGL) and we are pleased to inform that proposed Joint Venture Company IGL Genesis Technologies Limited (CIN: U26513DL2023PLC415626) has been incorporated on June 15, 2023".

All other necessary disclosures as stipulated by the statutes are made separately.

DIVIDEND

To conserve the resources for the expansion of business in the long run, your Directors have not recommended any dividend for the Financial Year 2022-23 and have decided to retain the profits.

CORPORATE GOVERNANCE AND ETHICS

The Company believes in adhering to the best corporate governance practices and its philosophy emphasizes on fair and transparent governance and disclosure practices which helps your Company to follow the path of its vision and mission. It strongly believes in developing best corporate governance policies and procedures based on principals of fair and transparent disclosures, equity, accountability and responsibility.

A detailed report on Corporate Governance, in terms of Regulation 34 of the Listing Regulations is forming part of the Annual Report. A certificate confirming compliance with requirements of Corporate Governance as enumerated under the extant provisions of Listing Regulations issued by Mr. Pankaj Kumar Gupta, Proprietor of Kumar G & Co., Company Secretaries is also annexed to the said report.

corporate social responsibility

The provisions of Corporate Social Responsibility are not applicable to the Company and hence disclosures under Sec 135 of the Companies Act, 2013 are not applicable to the Company.

board of directors & key managerial personnel

The Board of Directors provides the blue print to the success of any organization, it plans and implements various strategies to grow not only in numbers but in value and cater to its stakeholders.

The Board met 6 (Six) times during the year, details pertaining to Board and Committee Meetings held during the year are detailed in Corporate Governance Report.

During the year there were following changes in your board of directors:

Appointments:

i. Appointment of Mr. Chandan Kumar (08139239) as Additional Director (Executive) of the Company with effect from September 03, 2022 and was subsequently appointed as Executive Director of the Company by the members in their 27th Annual General Meeting held on September 29, 2022.

ii. Appointment of Mr. Balwant Kumar Bhushan (DIN: 09840934) as Additional Director (Executive) of the Company with effect from January 25, 2023. However he never resumed office, and as such company did not seek member's approval for his appointment, hence his office got vacated on April 25, 2023. The Company suo-moto intimated the stock exchange regarding the vacation/cessation of Mr. Balwant Kumar Bhushan from the company on April 25, 2023 Cessations

i. Cessation of Mr. Arvind Gupta (DIN: 02549596) from the office of Director with effect from September 29, 2022 due to non-Regularisation in the Annual General Meeting.

key managerial personnel

The Board of your Company consisted of the following Key Managerial Personnel (KMP'S) as on the year ended March 31, 2023:

i.

*Chief Financial Officer

: Mr. Arvind Gupta

ii.

Chief Executive Officer

: Mr. Vijay Kumar Sharma

iii.

Company Secretary

: Ms. Parul Rai

*Mr. Arvind Gupta resigned from the office of Chief Financial Officer of the Company w.e.f March 20, 2023 and subsequently Mr. Chandan Kumar was appointed as Chief Financial Officer of the Company with effect from May 23, 2023 and presently serving the office.

declaration of independence

The Independent Directors have confirmed that they meet the criteria of Independence as stipulated under Section 149(6) of the Companies Act, 2013 read with the Regulation 16 (1) (c) of the Listing Regulations and they are not aware of any circumstances or situation, which exist or may be reasonably anticipated, that could impair or impact their ability to discharge their duties with an objective independent judgment and without any external influence as an Independent Director of the Company.

The Board confirms to the declaration of the Independent Directors and there being no doubts as to veracity of the same, places the same on record.

BOARD COMMITTEES

In compliance with the requirements of Companies Act, 2013 and Listing Regulations your Board had constituted various Board Committees including Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee. Details ofthe constitution of these Committees, which are in accordance with regulatory requirements, have been uploaded on the website of the Company viz. www.vikaslifecarelimited.com.

Details of scope, constitution, terms of reference, number of meetings held during the year under review along with attendance of Committee Members is provided under Corporate Governance Report forming part of the Annual Report.

AUDITORS AND AUDITORS' REPORT Statutory Auditors

M/s KSMC & Associates, Chartered Accountants (FRN: 003565N), were appointed as Statutory Auditors of the Company at the 27th Annual General Meeting held on September 29, 2022 for a period of 5 years and they will remain in office until conclusion of 32nd AGM to be held in the financial year 2026-27.

Further, there are no qualifications, reservations, or adverse remarks in the Report issued by M/s KSMC & Associates, Chartered Accountant, Statutory Auditors of the Company for the Financial year ended March 31, 2023. The Statutory Auditors have also not reported any incident of fraud to the Committee during the year under review. Audit Remarks made in the Report are selfexplanatory and do not call for any further comments from your directors.

Secretarial Auditor

M/s. Kumar G & Co., Company Secretaries were appointed as the Secretarial Auditor of your Company to carry out the Secretarial Audit for the financial year under review. The Secretarial Audit Report issued by the Secretarial Auditors in Form No. MR-3 is annexed with this Report.

Pursuant to Section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has obtained the Secretarial Audit Report for the financial year ended on 31st March, 2023 from M/s. Kumar G & Co., Company Secretaries and the same forms part of the Annual Report. Explanation to the observations in secretarial audit report is given as below;

1. Intimations of various Board Approvals send only through Board Meeting Outcome, no separate intimations was made for each and every item approved

It is clarified that as per regulation 30, Intimations of various Board Approvals sent through Board Meeting Outcome. However the Company has adopted the practice of reporting separate disclosures, for each and every material approval.

2. Regulation 31(b) of SEBI (LODR), 2015, Delay in filing SHP with Stock Exchange: SHP was delayed filed by 2 days for the quarter ended December 31, 2023.

It is noted that the delay was inadvertent and emphasized that going forward prescribed timelines should be strictly adhered to as far as practically possible.

3. Regulation 17 of SEBI (LODR), 2015 one director was appointed under Executive Category on January 25, 2023, but he never resumed office, and as such company did not seek member's approval for his appointment, hence his office got vacated on April 25, 2023.

The Company appointed Mr. Balwant Kumar Bhushan as Additional Director of the Company by the Board of Directors in their Meeting duly held on January 25, 2023. On January 25, 2023, the Company informed the Stock Exchanges about the appointment of Mr. Balwant Kumar Bhushan as Additional Director along Financial Results for the quarter and nine months ended December 31, 2022. After his appointment as Executive Director, he deferred the joining under the pretext of one reason or other. Every time he sought for some time to rethink about his tentative joining as a Director in the Company, but all in vain. The management was in the dilemma whether he will join his office or not and it became a BIG QUESTION for the Company. Further, it is to be submitted that he never resumed his duties as director.

On April 25, 2023, the Company suo-moto intimated the stock exchange regarding the vacation/cessation of Mr. Balwant Kumar Bhushan from the Board and also disclosed all the details in Corporate Governance Report. We have made all the disclosure regarding the appointment and vacation/cessation of Mr. Balwant Kumar Bhushan within the prescribed time, if he had joined, the management would have proceeded for the shareholder approval through postal ballot and accordingly would have appointed one more Non-Executive director on the board Cost Audit

In accordance with the Section 148 of the Companies Act, 2013 and applicable rules made thereunder, companies which are engaged in the production of such goods or providing such services and have exceeded the net worth or a turnover of such amount as may be prescribed is required to maintain cost records and to appoint Cost Auditor to conduct audit of cost records maintained by the Company in a timely and proper manner.

Accordingly, the Board of Directors of the Company in their meeting held May 28, 2022 appointed M/s. Niraj Kumar Vishwakarma & Associates (Registration No: 003450) as the Cost Auditors of the Company to conduct audit of cost records maintained by the Company for the financial year 2022-23.

secretarial standards

During the year under review the Company has complied with all applicable Secretarial Standards issued by Institute of Company Secretaries of India.

DEPOSITS

During the period under review the Company has not accepted any public deposits and therefore no amounton account of principal or interest on public deposits was outstanding as on the date of the Balance Sheet.

remuneration of directors, key managerial personnel and particulars of employees

Disclosures pertaining to the remuneration and other details as required under Section 197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel), Rules, 2014 is also annexed to this Report.

significant and material orders

There are no significant or material orders passed by the regulators, courts or tribunals having an impact on the future operations of the Company or its going concern status.

particulars of loans, guarantees or investments

In terms of Section 186 of the Companies Act, 2013, particulars of inter-corporate loans, guarantees and investments are provided in the notes to Financial Statements.

particulars of contracts or arrangements with related parties referred to in section 188

All Related party transactions are entered on an arm's length basis and are in compliance with the applicable provisions of the Companies Act, 2013 and the Listing Regulations. There are no materially significant related party transactions made by the Company with Promoters, Directors or Key Managerial Personnel etc. which may have potential conflict with the interest of the Company at large. Company's policy on related party transactions can be accessed at its website www.vikaslifecarelimited.com. The particulars of every contract and arrangement entered into by the Company with related parties referred to in sub-section (1) of section 188 of the Companies Act, 2013 including certain arm's length transactions under third proviso thereto are disclosed in Form No. AOC-2 which is annexed to this Report.

annual return

The Annual Return pursuant to the provisions of Section 92 read with Rule 12 of the Companies (Management and Administration) Rules, 2014 of your Company for the financial year under review is available at website of your Company www.vikaslifecarelimited. com under the "Investor Zone” section.

material changes and commitments affecting the financial position of the company

There have been no material changes and commitments affecting the financial position of your Company occurring between the end of the Financial Year and the date of this Report.

particulars regarding conservation of energy etc.under section i34(3)(m) of thecompanies act, 2013 and rules made therein

As per the provisions of Section 134(3)(m) of the Act read with Companies (Accounts) Rules, 2013, Details of steps taken by your Company to conserve energy through its Sustainability initiatives, Research and Development and Technology Absorption have been disclosed as part of the Annual Report.

adequacy of internal controls

The Company's internal control systems are commensurate with the nature of its business and the size and complexity of its operations. The Statutory and the Internal Auditors routinely conduct system checks and give their report after evaluation of the efficacy and adequacy of internal control systems including controls with respect to the financial statements, its compliance with operating systems, accounting procedures and policies in the Company. Based on the report of Internal Audit, the departments undertake corrective actionin their respective areas and thereby strengthen the controls.

disclosure under the sexual harassment of women at workplace (prevention, prohibitionand redressal) act, 2013

The Company has in place an Anti-Sexual Harassment Policy in line with the requirements of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition and Redressal) Act, 2013. During the year under review, no compliant was received in this regard.

details of application made or any proceeding pending under the insolvency and bankruptcy code, 2016

During the year under review, there were no applications made or proceedings pending in the name of the Company under Insolvency and Bankruptcy Code, 2016.

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 or financial institutions

During the year under review, there has been no one time settlement of loans taken from the banks and financial institutions. REGISTRAR AND SHARE TRANSFER AGENT

With effect from June 28, 2023 the Company has shifted its RTA from Alankit Assignments Limited to Big Share Services Private Limited for better investor services. The Company has obtained NOC from NSDL & CDSL respectively dated June 28, 2023 the same has been intimated under Regulation 30 of Listing Obligation Disclosure Requirement Regulation 2015.

directors' responsibility statement

Pursuant to Section 134(3) (C) read with Section 134(5) of the Act, the Directors, to the best of their knowledge and ability, hereby confirm that:

i. in the preparation of the annual accounts, the applicable accounting standards had been followed withproper explanation relating to material departures;

ii. they have selected such accounting policies in consultation with Statutory Auditors and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the Financial Year March 31,2022 and of the profit and loss of the company for the Financial Year;

iii. they have taken proper and sufficient care, to the best of their knowledge and ability, for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities;

iv. The annual accounts of the Company have been prepared on a going concern basis.

v. The directors had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively.

vi. They had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

Your Directors place on record their appreciation for the valuable support and cooperation of the Company's Bankers, Government Agencies, Customers, Suppliers, Shareholders, Employees and other statutory authorities, who have reposed their continued trust and confidence in the Company.


KYC IS ONE TIME EXERCISE WHILE DEALING IN SECURITIES MARKETS - ONCE KYC IS DONE THROUGH A SEBI REGISTERED INTERMEDIARY (BROKER, DP, MUTUAL FUND ETC.), YOU NEED NOT UNDERGO THE SAME PROCESS AGAIN WHEN YOU APPROACH ANOTHER INTERMEDIARY. | PREVENT UNAUTHORISED TRANSACTIONS IN YOUR ACCOUNT --> UPDATE YOUR MOBILE NUMBERS/EMAIL IDS WITH YOUR STOCK BROKER/DEPOSITORY PARTICIPANT. RECEIVE INFORMATION/ALERT OF YOUR TRANSACTIONS DIRECTLY FROM EXCHANGE/NSDL ON YOUR MOBILE/EMAIL AT THE END OF THE DAY .......... ISSUED IN THE INTEREST OF INVESTORS
 
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Right and Obligation, RDD, Guidance Note in Vernacular Language
Attention Investors : "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
  "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
  "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participants. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day.Issued in the interest of Investors."
Regd. Office: 76-77, Scindia House, 1st Floor, Janpath, Connaught Place, New Delhi – 110001
NSE CASH , NSE F&O,NSE CDS| BSE CASH ,BSE CDS |DP NSDL | MCX-SX SEBI NO: INZ000155732
KK Comtrade Pvt Ltd. : Member - MCXINDIA (Commodity Segment) , SEBI NO: INZ000034837
Mumbai Office: 52, Jolly Maker Chamber 2, Nariman Point, Mumbai - 400021, Tel: 022-45106700, Toll Free Number: 1800-103-6700

Compliance Officer: Mukesh Rustagi, Company Secretary, Tel: 011-46890000, Email: mukesh_rustagi80@hotmail.com
For grievances please e-mail at: kkslig@hotmail.com

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