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Abhinav Leasing & Finance Ltd.

BSE: 538952 Sector: Financials
NSE: N.A. ISIN Code: INE211D01027
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OPEN 20.90
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VOLUME 3
52-Week high 23.70
52-Week low 14.80
P/E 522.50
Mkt Cap.(Rs cr) 104.50
Buy Price 0.00
Buy Qty 0.00
Sell Price 20.90
Sell Qty 48.00
OPEN 20.90
CLOSE 21.00
VOLUME 3
52-Week high 23.70
52-Week low 14.80
P/E 522.50
Mkt Cap.(Rs cr) 104.50
Buy Price 0.00
Buy Qty 0.00
Sell Price 20.90
Sell Qty 48.00

Abhinav Leasing & Finance Ltd. (ABHINAVLEASING) - Director Report

Company director report

TO THE MEMBERS

To

The Members

M/s Abhinav Leasing and Finance Limited

Your Directors have pleasure in presenting the Annual Report of the Company togetherwith the Audited Accounts for the financial year ended March 31 2015.

FINANCIAL RESULTS

2014-15 2013-14
(Amount in Rs.) (Amount in Rs.)
Sales / Income from operations 15220247 2570865
Profit before interest Depreciation and Tax 806325 570269
Financial Charges 9652 25637
Depreciation 570078 397606
Provision for Income Tax / Deferred Tax 70018 57140
Profit / Loss after Tax 156577 89866
Balance brought forward from previous year 5065574 5041571
TOTAL 5222151 5131457
Appropriation:
CSR Expenditure 0 0
Dividend & Distribution Tax 0 0
Transferred to General Reserve 0 17977
Balance Carried forward 0 0
Provision against Standard Assets 224301 47906
TOTAL 4997850 5065574

DIVIDENDS

The management believes that the profits earned during the financial year must beretained and redeployed for the operations of the Company. As the Company needs furtherfunds to enhance its business operations upgrade the efficiency and to meet out thedeficiencies in working capital the Directors do not recommend any dividend on EquityShares for the financial year 2014-15.

RESERVES

The Company has not transferred any sum to Reserve for the financial year ended on 31stMarch 2015.

MAJOR IMPLICATIONS UNDER COMPANIES ACT 2013

As required by the Companies Act 2013 your Company has constituted followingcommittees and their policies namely:

• Nomination and Remuneration Committee & Policy

• Reconstitute Stakeholder Relationship Committee

• Insider Trading Policy.

Company is adopting new set of Articles of Association in line with new Company law andrules framed there under.

All other changes as required by the Act have been in place and we re-affirm ourcommitment to the highest level of Corporate Governance.

SHARE CAPITAL

The paid up Equity Share Capital as on 31st March 2015 was Rs. 499.80 Lacs @ Rs 1 pershare. The Company not issued shares with differential voting rights nor granted stockoptions nor sweat equity.

DEPOSITS

During the year under review the Company has not accepted any deposit falling withinthe meaning of section 73 of the Companies Act 2013 and the Companies (Acceptance ofDeposits) Rules 2014.

PARTICULARS OF LOANS GUARANTEES OR INVESTMENT

The Company has not given any loan or guarantees covered under the provisions ofsection 186 of the Companies Act 2013.

INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has an Internal Control System commensurate with the size scale andcomplexity of its operations. The internal Audit functions report to the Chairman of theAudit Committee and to Chairman and Managing Director of the Company.

The Internal Audit monitors and evaluates the efficiency and adequacy of Internalcontrol systems in the company. It's compliances with operating systems accountingprocedure and policies at all locations of the Company.

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The information required to be furnished under section 134 (3)(m) of the Companies Act2013 read with the Companies (Accounts) Rules 2014 relating to Conservation of EnergyTechnology absorption and Foreign Exchange earnings and outgo is annexed in "AnnexureA" herewith and forming part of this report.

INDUSTRIAL RELATIONS

During the year under review your Company enjoyed cordial relationship with workersand employees at all level.

DIRECTORS

Mr. Rabinder Gupta (DIN 06568197) are liable to retire by rotation at the ensuingAnnual General Meeting and being eligible offer himself for reappointment.

Ms. Mamta Agarwal (DIN 02425119) has been appointed as a Managing Director of theCompany and her appointment will be for the term of Five years which is from the date ofthe Annual General Meeting.

Mr. Malikhan Singh Yadav (DIN 06732965) and Mr. Himanshu Agarwal (DIN 05192834) arebeing appointed as an Independent Director of the Company and all Independent Directorshave given declarations that they meet the criteria of independence as laid down undersection 149 (6) of the Companies Act 2013 and clause 49 of the Listing Agreement. AnIndependent director shall hold office for a term up to five consecutive years on theBoard of a Company but shall be eligible for reappointment for next five years on passingof a special resolution by the Company and disclosure of such appointment in the Board'sreport.

MEETING OF BOARD OF DIRECTORS

A calendar of Meetings is prepared and circulated in advance to the Directors. Duringthe year 10 (Ten) Board Meetings and 4 (Four) Audit Committee Meetings were convened andheld. The intervening gap between the Meetings was within the period prescribed under theCompanies Act 2013.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 134 (3c) of the Companies Act 2013 your Directors report asunder:

a) That in the preparation of the annual accounts the applicable accounting standardshave been followed.

b) That the Directors have selected such accounting policies and applied themconsistently and made judgments and estimates that are reasonable and prudent so as togive a true and fair view of the state of affairs of the company at the end of thefinancial year and of the profit or loss of the company for that period.

c) That the directors have taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of this Act for safeguardingthe assets of the company and for preventing and detecting fraud and other irregularities.

d) That the Directors have prepared the annual accounts on a going concern basis.

e) That the Directors had laid down internal financial controls to be followed by theCompany and that such internal financial controls are adequate and operating effectively.

f) That the directors had devised proper systems to ensure compliance with theprovisions of all applicable laws and that such systems were adequate and operatingeffectively.

RELATED PARTIES TRANSACTIONS

There are no materially significant related party transactions made by the Company withthe Promoters Key Management Personnel or other designated persons which may havepotential conflict with interest of the Company at large.

SUBSIDIARY COMPANIES JOINT VENTURES & ASSOCIATE COMPANIES

The Company does not have any Subsidiary Joint Venture and Associate Company.

CODE OF CONDUCT

The Board of Directors has approved a Code of Conduct which is applicable to theMembers of the Board and all employees in the course of day to day business operations ofthe Company.

COMPOSITION OF AUDIT COMMITTEE

The Audit Committee of the Company has been duly constituted having three membersnamely:-

i) Mr. Rabinder Gupta

ii) Mr. Malikhan Singh Yadav*

iii) Mr. Himanshu Agarwal

*Malikhan Singh Yadav is the Chairman of the Audit Committee.

PREVENTION OF INSIDER TRADING

The Company has adopted a Code of Conduct for Prevention of Insider Trading with a viewto regulate in securities by the Directors and designated employees of the Company. TheCode requires pre-clearance for dealing in the Company's shares and prohibits the purchaseor sale of Company shares by the Directors and the designated employees while inpossession of unpublished price sensitive information in relation to the Company andduring the period when the Trading Window is closed. The Board is responsible forimplementation of the Code.

All Board Directors and the designated employees have confirmed compliance with thecode.

AUDITORS REPORTS/ SECRETARIAL AUDIT REPORTS

M/S. D KHURANA & COMPANY. CHARTERED ACCOUNTANTS (FRN 022696N) who have beenthe Statutory Auditors of the Company retire at the conclusion of this Annual GeneralMeeting and being eligible offer themselves for reappointment.

Pursuant to provisions of Section 204 of the Companies Act 2013 and the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 the Company hasappointed M/s Naresh Gupta & Associates Company Secretary in Whole Time Practice toundertake the Secretarial Audit of the Company. The Secretarial Audit Report is annexedherewith as "Annexure B". The report is self-explanatory and do not callfor any further comments.

There are no qualifications reservations or adverse remarks or disclaimers made byStatutory Auditors & Secretarial Auditors in their reports.

EXTRACT OF ANNUAL RETURN AS ON THE FINANCIAL YEAR ENDED ON 31ST MARCH 2015

As required pursuant to section 92(3) of the Companies Act 2013 and rule 12(1) of theCompanies (Management and Administration) Rules 2014 an extract of annual return in MGT9 as a part of this Annual Report as "ANNEXURE C".

PARTICULARS OF EMPLOYEES

Information as per Section 134 of the Companies Act 2013 read with Companies(Particulars of Employees) Rules 1975 are given in the statement which from a part ofthis report. However as per the provisions of section 136 of the Companies Act 2013 thereport and accounts are being sent to all shareholders of the Company excluding theaforesaid information. Any shareholder interested in obtaining a copy of the particularsmay write to the Company's Registered Office.

LISTING WITH STOCK EXCHANGES

The Company confirms that it has paid the Annual Listing Fees for the year 2015-2016 toMCX-SX where the Company's Shares are listed.

ACKNOWLEDGEMENT

Your Directors place on record their sincere appreciation of the services rendered bythe employees of the Company. They are grateful to shareholders bankers depositorscustomers and vendors of the company for their continued valued support. The Directorslook forward to a bright future with confidence.

Date : 19th June 2015 for and on behalf of the Board
Place: Delhi Abhinav Leasing and Finance Limited
Sd/-
Chairman

Annexure "A" to the Directors' Report

Information pursuant to the Companies (Accounts) Rules 2014.

i) Conservation of Energy

The operations of your Company do not consume high levels of energy. Adequate measureshave been taken to conserve by using energy efficient computers and equipment.

ii) Technology Absorption

1. Specific areas in which R & D carried out are as follows:

a. review of the existing courses and evaluation of feasibility of the new courses tobe launched and estimating the costing thereof.

b. Providing technical support on existing products.

2. Benefits derived as a result of the above R & D

As a result the organisation is being able to implement current courses.

3. Expenditure on R & D : NIL

iii) Foreign Exchange Earnings & Outgo

There were no foreign exchange earnings as well as outgo of the Company during the yearunder report.

Particulars Year Ended March 31st 2015 Year Ended March 31st 2014
Earnings in Foreign currency Nil Nil
Earning in foreign currency Nil Nil

ACKNOWLEDGMENT

Your Directors would like to express their grateful appreciation for assistance andCo-operation received from the financial institutions Government Authorities CustomersVendors and Members during the year under review. Your Directors also wish to place onrecord their deep sense of appreciation for the committed services of executives staffand workers of Company.

For and on behalf of the Board
Place : New Delhi Sd/-
Date : 19.06.2015 Chairman

Annexure "B" to Directors Report

SECRETARIAL AUDIT REPORT

For The Financial Year Ended on 31st March 2015

{Pursuant to Section 204(1) of the Companies Act 2013 and Rule No. 9 of the Companies

(Appointment and Remuneration Personnel) Rules 2014

To

The Members

M/s Abhinav Leasing and Finance Limited

Unit No. 508 Arunachal Building

Plot No 19 Barakhamba Road

New Delhi-110001

We have conducted the secretarial audit of the compliance of applicable statutoryprovisions and the adherence to good corporate practices by Abhinav Leasing and FinanceLimited (hereinafter called the company). Secretarial Audit was conducted in a mannerthat provided us a reasonable basis for evaluating the corporate conducts/statutorycompliances and expressing our opinion thereon.

Based on our verification of the Company's books papers minute books forms andreturns filed and other records maintained by the company and also the informationprovided by the Company its officers agents and authorized representatives during theconduct of secretarial audit We hereby report that in our opinion the company hasduring the audit period covering the financial year ended on March 31 2015 (Audit Period)complied with the statutory provisions listed hereunder and also that the Company hasproper Board-processes and compliance-mechanism in place to the extent in the manner andsubject to the reporting made hereinafter;

We have examined the books papers minute books forms and returns filed and otherrecords maintained by the Company for the financial year ended on March 31 2015 accordingto the provisions of:

i) The Companies Act 2013 (the Act) and the rules made there under;

ii) The Securities Contracts (Regulation) Act 1956 ('SCRA') and the rules made thereunder; (Not applicable to the Company during the Audit Period).

iii) The Depositories Act 1996 and the Regulations and Bye-laws framed there under;

iv) Foreign Exchange Management Act 1999 and the rules and regulations made thereunder to the extent of Foreign Direct Investment(FDI) Overseas Direct Investment(OD) andExternal Commercial Borrowings (ECB); (No fresh FDI ODI and ECB was taken by thecompany during the Audit Period).

(v) The following Regulations and Guidelines prescribed under the Securities andExchange Board of India Act 1992 ('SEBI Act'):-

a) The Securities and Exchange Board of India (Substantial Acquisition of Shares andTakeovers) Regulations 2011;

b) The Securities and Exchange Board of India (Prohibition of Insider Trading)Regulations 1992;

c) The Securities and Exchange Board of India (Issue of Capital and DisclosureRequirements) Regulations 2009; (Not applicable to the Company during the AuditPeriod).

d) The Securities and Exchange Board of India (Employee Stock Option Scheme andEmployee Stock Purchase Scheme) Guidelines 1999; (Not applicable to the Company duringthe Audit Period).

e) The Securities and Exchange Board of India (Issue and Listing of Debt Securities)Regulations 2008; (Not applicable to the Company during the Audit Period).

f) The Securities and Exchange Board of India (Registrars to an Issue and ShareTransfer Agents) Regulations 1993 regarding the Companies Act and dealing with client; (Notapplicable as the Company is not registered as Registrar to an issue and Share TransferAgent during the Audit Period)

g) The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations2009; and (Not applicable to the Company during the Audit Period)

h) The Securities and Exchange Board of India (Buyback of Securities) Regulations1998; (Not applicable to the Company during the Audit Period)

(vi) OTHER LAWS APPLICABLE TO THE COMPANY

a. RBI Act 1934

We have also examined compliance with the applicable clauses of the following:

(i) Secretarial Standards issued by The Institute of Company Secretaries of India. (Notapplicable to the Company during the Audit Period)

(ii) The Listing Agreements entered into by the Company with Stock Exchange(s) ifapplicable;

During the period under review the Company has complied with the provisions of the ActRules Regulations Guidelines Standards etc. mentioned above.

Based on the information received and records maintained we further report that;

1. The Board of Directors of the Company is duly constituted with proper balance ofExecutive Non-Executive and Independent Directors. The changes in the composition of theBoard of Directors that took place during the period under review were carried out incompliance with the provisions of the Act.

2. Adequate notice of at least seven days was given to all directors to schedule theBoard Meetings along with agenda and detailed notes on agenda and a system exists forseeking and obtaining further information and clarifications on the agenda items beforethe meeting and for meaningful participation at the meeting.

3. Majority decision is carried through while the dissenting members' views arecaptured and recorded as part of the minutes.

4. During the year company sub divided its equity shares from the face value of Rs. 10to the Face value of Re. 1 pursuant to the section 61 of the Companies Act 2013 and allother applicable laws which are applicable to the company.

Based on the compliance mechanism established by the company and on the basis of theCompliance Certificate (s) issued by Managing Director Director (Finance ) and UnitHead(s) of the Company and taken on record by the Board of Directors at their meeting (s)we further report that

There are adequate systems and processes in the company commensurate with the size andoperations of the company to monitor and ensure compliance with applicable laws rulesregulations and guidelines.

We further report that during the audit period there were no instances of : (i)Public/Right/Preferential issue of shares / debentures/sweat equity etc. (ii) Redemption/ buy-back of securities

(iii) Any approval taken from members in pursuance to section 180 of the Companies Act2013

(iv) Merger / amalgamation / reconstruction etc.

(v) Foreign technical collaborations

For NARESH GUPTA & ASSOICATES
COMPANY SECRETARIES
Date : 19.06.2015 Sd/-
Place : New Delhi (NARESH GUPTA)
C.P. No. 8783

 

Annexure "C" To Directors Reports
Form No. MGT-9
EXTRACT OF ANNUAL RETURN
AS ON THE FINANCIAL YEAR ENDED ON 31ST MARCH 2015

{Pursuant to Section 92(3) of the Companies Act 2013 and rule 12(1) of the Companies(Management and Administration) Rules 2014}

1. REGISTRATION AND OTHER DETAILS:-

(I) CIN : L67120DL1984PLC018748
(II) Registration Date : 20/07/1984
(III) Name of the Company : Abhinav Leasing and Finance Limited
(IV) Category/ Sub Category of the Company : Public Listed Company
(V) Address of the Registered office and : Unit No-508 Arunachal Building
Plot No. 19 Barakhamba Road New Delhi 110001
(VI) Company Listed : MCX-SX DSE
(VII) Name & Address & Contact Details of RTA : Skyline Financial Services Private Ltd.
D-153A Okhla Industrial Area Phase-I New Delhi-110020

2. Principal Business Activities of the Company: Company is engaged in to the activityof leasing and financing and registered as a Non Banking Financial Company with theReserve Bank of India.

3. Particulars of Holding Subsidiary and Associates Companies

S. No. Name & Address of the Company CIN/GIN Holding / Subsidiary / Associates % of shares held Applicable Section
N.A.

4. Share holding Pattern (Equity Share Capital Breakup as percentage of Total Equity)

1) Category Wise Shareholding

Category of Shareholders No. of Shares held at the beginning of the year 01.04.2014 No. of Shares held at the end of the year 31.03.2015 % Change during the year
Demat Physical Total % of Total Shares Demat Physical Total % of Total Shares
Promoter - 0
1) Indian
A) Individual/HUF NIL 183000 183000 3.68 0 1830000 1830000 3.68 No change
a) Central Govt. 0 0 0 0 0 0 0 0 0
b) State Govt. 0 0 0 0 0 0 0 0 0
c) Bodies Corporate 0 0 0 0 0 0 0 0 0
d) Banks/ FI 0 0 0 0 0 0 0 0 0
e) Any other 0 0 0 0 0 0 0 0 0
Sub Total (A) (1) NIL 183000 183000 3.68 0 1830000 1830000 3.68 0
(2) Foreign
a) NRIs-Individual 0 0 0 0 0 0 0 0 0
b) Other Individuals 0 0 0 0 0 0 0 0 0
c) Bodies Corp. 0 0 0 0 0 0 0 0 0
d) Banks/ FI 0 0 0 0 0 0 0 0 0
e) Any other 0 0 0 0 0 0 0 0 0
Total share- holding of Promoter(A)= (A) (1) +(A) (2) NIL 183000 183000 3.68 0 1830000 1830000 3.68 0
B. Public Shareholding
1. Institutions 0 0 0 0 0 0 0 0 0
a) Mutual Funds 0 0 0 0 0 0 0 0 0
b) Banks/FI 0 0 0 0 0 0 0 0 0
c) Central Govt. 0 0 0 0 0 0 0 0 0
d) State Govt. 0 0 0 0 0 0 0 0 0
e) Venture Capital Funds 0 0 0 0 0 0 0 0 0
f) Insurance Company 0 0 0 0 0 0 0 0 0
g) FIIs 0 0 0 0 0 0 0 0 0
h) Foreign Venture Capital Funds 0 0 0 0 0 0 0 0 0
i) Others 0 0 0 0 0 0 0 0 0
2. Non-Institutions 0 0 0 0 0 0 0 0 0
a. Bodies Corp. NIL 150 150 0 41091 1500 42591 0.09 0.09
i. Indian Overseas 0 0 0 0 0 0 0 0 0
b) Individual
1) Individual shareholders holding nominal share capital upto Rs. 1 Lakh 500 704350 705350 14.10 7318809 1029500 8348309 16.70 2.60
ii) Individual shareholders holding nominal share capital in excess of Rs. 1 Lakh NIL 3618500 3618500 72.40 26470000 8375000 34845000 69.72 2.68
C. Other Specify 000 0000 0000 0 0 4914000 0 0
TRUST 0000 0 0
NRI 00 0
CLEARING 0
MEMBERS 0 12.07
HUF 0 9.83 4556000 358000
Sub Total (B)(2) 491500 491500 0 9.83
Total Public Shareholding (B)=(B)(1)+(B)(2) 500 4814500 4815000 96.34 38386000 9764000 48150000 100 3.66
C. Shares held by Custodian for GDRs & ADRs 0 0 0 0 0 0 0 0 0
Grand Total (A+B+C) 500 4997500 4998000 100 40216000 976400 49980000 100 0

(ii) Shareholding of Promoters

S. No. Shareholders Name Shareholding at the beginning of the Year Shareholding at the end of the Year
No. of Shares % of Total shares of the Company % of Shares Pledged/ encumbered to Total shares No. of Shares % of total shares of the company % of shares Pledged/ encumbered to total shares % Change in share holding during the year
1 Payal Agarwal 16000 0.32 0 160000 0.32 0 0
2 Sunil Kumar Agarwal 17000 0.34 0 170000 0.34 0 0
3 H.C. Agarwal 30000 0.60 0 300000 0.60 0 0
4 Harish Agarwal HUF 50000 1.00 0 500000 1.00 0 0
5 Rashmi Agarwal 50000 1.00 0 500000 1.00 0 0
6. Om Prakash Agarwal 20000 0.40 0 200000 0.40 0 0

Change in Promoters Shareholding (Please specify if there is no change)

S. No. Shareholding at the beginning of the year Cumulative Shareholding during the year
No. of shares % of Total shares of the company No. of shares % of Total shares of the company
At the beginning of the year N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
Date wise Increase/Decrease in Promoters Share holding during the year specifying the reasons for increase/ decrease (e.g.allotment transfer/ bonus/ sweat equity etc.) N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
At the end of the year N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.

(iv) Shareholding Pattern of Top ten Shareholders (other than Directors Promoters andHolders of GDRs and ADRs):

S. No. For each of the Top 10 Shareholders Shareholding at the beginning of the year Cumulative Shareholding during the year
No. of shares % of Total shares of the company No. of shares % of Total shares of the company
1 Palak Modi 200000 4.00 3000000 6.00
2 Swati 200000 4.00 2000000 4.00
3 Ragini Kahandelwal 200000 4.00 2000000 4.00
4 Shivank Khandelwal 200000 4.00 2000000 4.00
5 Kanhiya Gulati 150000 3.00 1500000 3.00
6 Radhika Gulati 150000 3.00 1500000 3.00
7 Ashish Mahajan 120000 2.40 1200000 2.40
8 Asha Mahajan 100000 2.00 1000000 2.00
9 Kanhaiya Gulati HUF 100000 2.00 1000000 2.00
10 Madhu Gulati 100000 2.00 1000000 2.00

(v) Shareholding of Directors and Key Managerial Personnel

Name For each of the Directors and KMP Shareholding at the beginning of the year Cumulative Shareholding during the year
No. of shares % of Total shares of the company No. of shares % of Total shares of the company
Mamta Agarwal At the beginning of the year
Date wise Increase/Decrease in Promoters Share holding during the year specifying the reasons for increase/ decrease
At the end of the year
Atul Kumar Agarwal At the beginning of the year
Date wise Increase/ Decrease in Promoters Share holding during the year specifying the reasons for increase/ decrease
At the end of the year
Rabinder Gupta At the beginning of the year
Date wise Increase/ Decrease in Promoters Share holding during the year specifying the reasons for increase/decrease
At the end of the year
Himanshu Agarwal At the beginning of the year
Date wise Increase/ Decrease in Promoters Share holding during the year specifying the reasons for increase/ decrease
At the end of the year
Malikhan Singh Yadav At the beginning of the year
Date wise Increase/ Decrease in Promoters Share holding during the year specifying the reasons for increase/ decrease
At the end of the year

V. INDEBTEDNESS

Indebtedness of the Company including interest outstanding/ accured but not due forpayment

Indebtedness at the beginning of the financial year Secured Loans excluding deposits Unsecured Loans Deposit Total Indebtedness
i) Principal Amount NIL NIL
ii) Interest due
iii) Interest accured but not due 19162590 19162590
Total (i+ii+iii) NIL 19162590 NIL 19162590
Change in Indebtedness during the financial year NIL NIL NIL NIL
a) addition
b) Reduction
Net Change NIL NIL NIL NIL
Indebtedness at the end of the Financial year NIL 89720402 NIL 89720402
i) Principal Amount
ii) Interest due but not paid
iii) Interest accured but not due
Total (i+ii+iii) NIL 89720402 NIL 89720402

VI. Remuneration of Directors and Key Managerial Personnel

A. Remuneration to Managing Director Whole–time Directors and/or Manager (Amt inLakhs)

S.No. Particulars of Remuneration Name of MD/WTD/Manager Total Amount
1 Gross Salary Atul Kumar Agarwal Rabinder Gupta Mamta Agarwal Himanshu Agarwal
Salary as per provisions contained in sec 17(1) of the Income Tax Act 1961 NIL NIL NIL NIL NIL
Value of Perquisities u/s 17(2) Income Tax Act 1961 NIL NIL NIL NIL NIL
Profits in lieu of Salary under sec.17(3) Income Tax Act 1961 NIL NIL NIL NIL NIL
2. Stock Option NIL NIL NIL NIL NIL
3. Sweat Equity NIL NIL NIL NIL NIL
4. Commission
- as% of Profit NIL NIL NIL NIL NIL
- other specify NIL NIL NIL NIL NIL
5. Other Please Specify NIL NIL NIL NIL NIL
Total as per the Act NIL NIL NIL NIL NIL

VII. PENALTIES /PUNSIHMENT/COMPOUNDING OF OFFENCES

Type Section of the Companies Act Brief Description Details of penalty/ Punishment/Compounding fees impose Authority [RD/NCLT/ COURT] Appeal made if any (give details)
A. Company
Penalty NIL NIL NIL NIL NIL
Punishment NIL NIL NIL NIL NIL
Compounding NIL NIL NIL NIL NIL
B. Director
Penalty NIL NIL NIL NIL NIL
Punishment NIL NIL NIL NIL NIL
Compounding NIL NIL NIL NIL NIL
C. Other Officers in Default
Penalty NIL NIL NIL NIL NIL
Punishment NIL NIL NIL NIL NIL
Compounding NIL NIL NIL NIL NIL

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