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Astro Bio Systems Ltd.

BSE: 532340 Sector: IT
NSE: N.A. ISIN Code: INE369B01019
BSE LIVE 15:25 | 28 Jun 1.29 -0.06
(-4.44%)
OPEN

1.29

HIGH

1.29

LOW

1.29

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 1.29
PREVIOUS CLOSE 1.35
VOLUME 27530
52-Week high 2.00
52-Week low 0.50
P/E
Mkt Cap.(Rs cr) 2
Buy Price 1.29
Buy Qty 270.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1.29
CLOSE 1.35
VOLUME 27530
52-Week high 2.00
52-Week low 0.50
P/E
Mkt Cap.(Rs cr) 2
Buy Price 1.29
Buy Qty 270.00
Sell Price 0.00
Sell Qty 0.00

Astro Bio Systems Ltd. (ASTROBIOSYS) - Director Report

Company director report

Your Directors present the Twenty-Fourth Annual Report together with the AuditedAccounts of the Company for the Financial Year ended on 31st March 2016.

FINANCIAL HIGHLIGHTS

The financial results of the Company during the year under review as compared to theprevious year are summarized as under:

PARTICULARS 31.03.2016 31.03.2015
Sales & Other Income 4500 202000
Profit/(Loss) before Depreciation and Tax (392909) (618459)
Less: Depreciation 68428 103004
Profit/(Loss) before Tax (461337) (721463)
Provision for Deferred Tax - Asset (12421) (12421)
Profit/(Loss) after Tax (448916) (709042)
Weighted Average number of Shares 17218759 17218759
EPS Basic & Diluted (0.03) (0.04)

DIVIDEND

Your directors do not recommend any dividend as there was a loss during the year underreview.

PUBLIC DEPOSITS AND LOANS/ ADVANCES

The Company has not accepted any public deposits during the financial year. Theparticulars of loans/ advances and investment in its own shares by listed companies theirsubsidiaries associates etc. required to be disclosed in the annual accounts of thecompany pursuant to Clause 32 of the listing agreement with the company are furnishedseparately.

DIRECTORS

Mr. Rajendra Jain retires by rotation and being eligible offers himself forre-appointment. The Board recommends his re-appointment. Mr. N. K. Premanandhan hasresigned during the year from the directorship of the Company. Mr. Subhas Banerjee hasbeen appointed during the year as an Additional Director w.e.f May 30 2016.

INDUSTRIAL RELATIONS AND HUMAN RESOURCE MANAGEMENT

The Company is constantly working to create a congenial work environment and motivatingemployees at all levels and shall always place all necessary emphasis on continuousdevelopmenf of its human resource.

SUBSIDIARIES

The Company does not have any subsidiary Company.

HEALTH SAFETY AND ENVIRONMENTAL PROTECTION

The Company has been regularly complying with relevant laws and has been taking allnecessary measures to protect the environment and maximize worker protection and safety.

AUDITORS

The appointment of Mr. Sibsankar Chakraborti Chartered Accountants Kolkata (FRN:323691 E) as the Statutory Auditors of the Company be and is hereby ratified at aremuneration fixed by Board of Directors in consultation with the Audit Committee."

AUDITORS REPORT

The notes on accounts are self explanatory to the comments made by the Auditors intheir Report and therefore do not call for any further explanations.

LISTING

The shares of the company are listed in Bombay Stock Exchange.

CORPORATE GOVERNANCE

The report on Corporate Governance as stipulated under Clause 49 of the ListingAgreement along with the Auditors' Certificate for its due compliance forms part of theAnnual Report. Your company has taken adequate steps for compliance with the CorporateGovernance guidelines as amended from time to time.

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION FOREIGN EXCHANGE EARNINGS AM) OUTGO

The information regarding conservation of energy and technology absorption are notapplicable to your company. There were no foreign exchange earnings and outgo during thefinancial year.

DIRECTORS RESPONSIBILITY STATEMENT

As required under Section 34(5) of the Companies Act 2013 your Directors confirm:

i. that in preparation of accounts applicable accounting standards have been followed;

ii. that directors have selected such accounting policies and applied them constantlyand made judgments and estimates that are reasonable and prudent to give a true and fairview of state of affairs of the Company at the end of the financial year and of the profitor loss of the Company for that period.

iii. that Directors have taken proper and sufficient care for maintenance of adequateaccounting records in accordance with the provisions of the Companies Act for safeguardingthe assets of the company and for preventing and detecting fraud and other irregularities;and

iv. that the directors have prepared Annual Accounts on a Going Concern basis.

PARTICULARS OF EMLPOYEES U/S 134 OF THE ACT

None of the employees have received remuneration in excess of the sum prescribed u/s134 of the Companies Act 2013.

MANAGEMENT DISCUSSION AND ANALYSIS

A separate section on Management Discussion and Analysis Report forming part of theAnnual report is attached.

ACKNOWLEDGMENT

Your directors would like to place on record their sincere gratitude to theshareholders bankers business associates clients for their continued patronage andco-operation. The directors are also happy to place on record their appreciation for thewhole hearted commitment and contribution made by all the employees and look forward totheir continued support.

For and on behalf of the Board

Date: 30/05/2016 Director Director
Place: Chennai