Your Directors have immense pleasure in presenting the Twenty Ninth Annual Report ofthe company along with Audited Financial Statements for the year ended 31st March 2017
The performance for the current year in comparison to the previous year is as under:
| || ||(RUPEES IN LAKHS) |
| ||CURRENTYEAR ||PREVIOUSYEAR |
|PARTICULARS || || |
| ||(2016-17) ||(2015-2016) |
|Gross Income ||72730.33 ||68900.29 |
|Net Income ||67244.96 ||63716.75 |
|Expenditure ||51205.83 ||50603.10 |
|Profit before interest depreciation and tax ||16039.13 ||13113.65 |
|Depreciation ||1822.07 ||1789.72 |
|Interest and Finance Charges ||1168.61 ||2008.49 |
|Profit before tax ||13048.45 ||9315.44 |
|Provision for taxes (including DTL) ||4491.13 ||3188.38 |
|Profit after tax ||8557.32 ||6127.06 |
|Dividend for the year (including corporate dividend tax) ||857.95 ||779.96 |
|Reserves(Excluding Revaluation reserves) ||36220.60 ||28521.23 |
|EPS ( Rs) on face value of Rs. 2/- each share ||26.41 ||18.91 |
|Book value (Rs.) on face value of Rs. 2/- each share ||113.79 ||88.03 |
OPERATING RESULTS AND BUSINESS
Your company has achieved a Gross Income of Rs. 727.30 Crores during the financial year2016-17 an increase of 5.57% over the previous year. The Profit After Tax for the yearstood at Rs.85.57 Crores as against previous year Profit After Tax of Rs. 61.27
Crores registering an increase of 39.66% over previous year.
During the year most of the commodity prices have been volatile due to fluctuation ofoil and gas supply your Company could post Outstanding performance across the board
The Exports of the company have grown in value and volume with an accompanying increasein product mix. The REACH and certificate of suitability has improved our positioning withInternational Customers. The Company's products certification are well established in theGlobal Market.
Your Directors are pleased to recommend for approval of the members a dividend of Rs.2.20/- per share (110% on paid up valueofRs.2/-pershare).Thetotalcash payable includingdividend distribution tax payable is
Rs. 857.95 lakhs.
The Company has 2 subsidiaries viz. Bhagyanagar Chemicals Ltd. a 100% subsidiaryCompany and Balaji Greentech Products Ltd. a substantially owned subsidiary.
Wherein the undertaking of Bhagyanagar Chemicals Limited is limited to only a longterm lease to its 100% holding company Balaji Amines Limited who is carrying outmanufacturing activity therein. As such the company Bhagyanagar Chemicals Limited does nothave any transactions except of lease rentals. Responsibility of safe keeping of theassets of the company vests with the holding company Balaji Amines Limited.
Balaji Greentech Products Limited (BGPL) is into manufacturing of energy efficientlamps and components. The company manufactures supplies a comprehensive range of CompactFluorescent Lamps (CFL).
During the year Company has initiated merger process of its subsidiaries as approvedby the respective Boards. Present status of the merger is awaiting for NOC /approval ofstock exchanges for the proposed merger.
The Company proposes to transfer a sum of Rs. 860.00 lakhs to the General Reserve outof the amount available for appropriations and an amount of Rs. 6839.37 lakhs is proposedto be retained in the statement of Profit and Loss.
RESEARCH & DEVELOPMENT
Continuous R&D initiatives have resulted in excellent results during the year withimproved consumption co-efficiencies of raw materials utilities and utilization ofresources. Your company has become one of the leaders in Specialty Chemicals in theInternational Specialty Chemical arena and plans to be on the top of the table in theyears to come in India.
Your Company has been carrying out continuous Research and Development activities inthe following activities.
Identification of new products and development of latest process technologies arecontinuously worked on.
Continuous improvement of processes and fine tuning of process and raw materialsconsumption and alternate routes are being looked at.
Backward and forward integration of products to improve value chain and betterutilization of all the resources.
Adoption of advanced technology in recovering waste water has resulted inminimizing the impact on environment and concentration of core principle of Reduce Reuseand Recycle of all the resources. Several improvements in Polyvinyl Pyrrolidone plant havebeen initiated and resulting in lower consumption co-efficients as well as research onaddition of new stream of k-values being explored for which R&D Pilot plant issuccessful.
For sustainable usage of natural resources the Company has initiated variousmodels in reducing reusing and recycling of various natural resources.
EXPANSION / DIVERSIFICATION
The following R&D demonstration projects were undertaken during the year 2016-17:
2. Cartico Steroids
3. PVPK-90 Cross Povidone etc.
The results of these projects will be yielding fruits in the years to come.
CONSOLIDATED FINANCIAL STATEMENTS
In pursuance to Sub Section (3) of Section 129 of The Companies Act 2013 we arerequired to prepare consolidated financial statements for the financial year ended 31stMarch 2017.
The Consolidated Financial Statement of your Company with that of its wholly ownedsubsidiary Bhagyanagar Chemicals Limited and substantial owned subsidiary Balaji GenentechProducts Limited is provided in the Annual Report. The annual accounts of the SubsidiaryCompanies and the related detailed information shall be made available to members seekingsuch information at any point of time. The annual accounts of the Bhagyanagar ChemicalsLimited and Balaji Greentech Products
Limited shall also be kept for inspection by any of the members at the registeredoffice of the company during the working hours.
The Statement containing salient features of the subsidiaries as per Sub-Sections (3)of Section 129 of The Companies Act 2013 in Form AOC -1 is herewith annexed as Annexure-Ito this report.
The term of M/s V. Sridhar & Co. Chartered Accountants Hyderabad the StatutoryAuditors of the Company will expire on the conclusion of ensuing Annual General Meeting.Hence it is proposed to appoint M/s. Ayyadevara & Co. Proprietor Ayyadevara Srinivasas Statutory Auditor for a period of 5 years from FY. 2017-2018 to FY. 2021-2022.
The company has received letter from M/s. Ayyadevara & Co. Chartered Accountantsunder Section 139(1) of the Companies Act
2013 and the Rules framed thereunder confirmimgtheir eligibility to the effect thattheir appointment if made would be within the prescribed limits under provisions ofsections specified under the Act and that they are not disqualified for such within themeaning of the section of the said Act.
The Board of Directors based on the recommendation of the Audit Committee havere-appointed M/s. S.P. Jawalkar & Associates Chartered Accountants Solapur as theInternal Auditors of your Company. The Internal Auditors are submitting their reports onmonthly basis. It is hereby noted that the previous Internal Auditors Mr. Aherkar'suntimely demise has warranted this new appointment. The Company placed on record theservices rendered by Mr. Aherkar.
In accordance with Section 148(3) and other applicable provisions if any of theCompanies Act 2013 and The Companies (Audit and Auditors) Rules 2014 the AuditCommittee has recommended and the Board of Directors had appointed Mr. N.V. S KapardhiPracticing Cost Accountants Hyderabad being eligible and having sought re-appointmentas Cost Auditors of the Company to carry out the cost audit of the products manufacturedby the Company during the financial of Rs.60000/- (Rupees Sixty Thousand only). Theremuneration payable to the cost auditor is required to be placed before the Members in ageneral meeting for their approval. Accordingly a resolution seeking Members' approvalfor the remuneration payable to Mr. N.V.S Kapardhi Cost Accountants is included at ItemNo.5 of the Notice convening the Annual General Meeting.
SECRETARIAL AUDITORS & SECRETARIAL AUDIT REPORT
Pursuant to the 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. P. S. Rao & Associates a firm of Company Secretaries in
Practice to undertake the Secretarial Audit of the Company. The Secretarial AuditReport is annexed herewith as "Annexure-III" to this report. Explanation to theObservations of Secretarial Auditors:
"The Promoter has clarified that the same has occurred due to inadvertent transferof shares from the pool account of Depository
Participant. Hence this transaction was missed out and subsequently promoter has madenecessary disclosures to the stock exchanges.
DIRECTORS & COMMITTEES
In terms of Article 134 of the Articles of Association of the company Mr. D. Ram ReddyDirector retires by rotation and being eligible offers himself for reappointment at theensuing Annual General Meeting. His profile and the experience in specific functionalareas and other directorships held by him as stipulated in Regulations of the Securitiesand Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations2015 is provided in the Additional Information Section forming part of Notice. The saidresolution forms part of the notice of the Annual General Meeting Every IndependentDirector at the first meeting of the Board in which he participates as a Director andthereafter at the first meeting of the Board in every financial year gives a declarationthat he meets the criteria of independence as provided under the Companies Act 2013 andthe Company has taken the note of the same None of the directors is disqualified as on31st March 2017 from being appointed as director in terms of sections 164(2) of the Act. Abrief Profile of the Directors of the Company is annexed herewith as Annexure-IV' tothis report. The board has 6 committees Audit Committee Stake Holder's RelationshipCommittee Research & Development Committee. Nomination & Remuneration CommitteeCorporate Social Responsibility Committee Merger Committee. The composition meetings andthe terms of reference of the Committees are given in the corporate governance reportwhich forms part of this Annual Report All recommendations made by Audit Committee wereaccepted by the Board.
DETAILS OF DIRECTORS OR KEY MANAGERIAL PERSONNEL WHO WERE APPOINTED OR HAVE RESIGNEDDURING THE YEAR
During the year there was no changes in the composition of Board of Directors none ofthe directors have resigned during the year.
NUMBER OF MEETINGS OF THE BOARD DURING THE YEAR
The Full Board of Directors of the Company met 4 (four times) and there was 1(one)Independent Directors meeting held during the year.
PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS
Details of Loans Guarantees and Investments covered under the provisions of Section186 of the Companies Act 2013 are given in the notes to the Financial Statements.
Your Company has not accepted any fixed deposits and as such no principal or interestwas outstanding as on the date o
f the Balance sheet.
CHANGE IN NATURE OF BUSINESS
There is no change in the nature of business during the year.
MATERIAL CHANGES AND COMMITMENTS
The following material changes and commitments occurred during the year under reviewaffecting the financial position of the Company: The Board of Directors of the Company intheir Meeting held on 06.02.2017 have unanimously approved the Scheme of Amalgamationbetween Balaji Amines Limited (Transferee Company) and Bhagyanagar Chemicals Limited andBalaji Greentech Products Limited. The implementation of the Scheme of Amalgamation issubject to the approval of Shareholders and Creditors of the Company and all applicableregulatory authorities including SEBI/Stock Exchange and Honourable National Company LawTribunal of Judicature at Mumbai for the State of Maharashtra.
DETAILS IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THEFINANCIAL STATEMENTS
The Company has in place proper and adequate internal control systems commensurate withthe nature of its business and size and complexity of its operations. Internal controlsystems comprising of policies and procedures designed and implemented to ensurereliability of financialreporting timely feedback on achievement of operational andstrategic goals compliance with policies procedure applicable laws and regulations andthat all assets and resources are acquired are used economically.
DIRECTORS' RESPONSIBILITY STATEMENT
Pursuant to Section 134 (5) of the Companies Act 2013 your Directors confirm that tothe and according to the information and explanation available to them
i. In the preparation of the annual accounts the applicable accounting standards havebeen followed along with proper explanation relating to material departures;
ii. Such accounting policies as mentioned in the notes to the financial statements havebeen selected and applied consistently and judgments and estimates that are reasonable andprudent made so as to give a true and fair view of the state of affairs of the Company atthe end of the financial year 2016-17 and of the statement of profit of the Company forthat period;
iii. Proper and sufficient care has been taken for the maintenance of adequateaccounting records in accordance with the provisions of the Companies Act 2013 forsafeguarding the assets of the Company and for preventing and detecting fraud and otherirregularities;
iv. The annual accounts for the year 2016-17 have been prepared on a going concernbasis.
v. That the proper internal financial controls were in place and that the financialcontrols were adequate and were operating effectively. vi. That systems to ensurecompliance with the provisions of all applicable laws were in place and were adequate andeffectively mentioned under various heads of the departments which are in turn reportingto the Whole Time Directors.
VIGIL MECHANISM / WHISTLE BLOWER POLICY
The Company has a Whistle Blower Policy framed to deal with instances of fraud andmismanagement if any. The details of the Policy are explained in the Corporate GovernanceReport and also posted on the website of the Company and the web site ishttp://www.balajiamines.com/pdf/WbPolicy.pdf
PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES
All related party transactions that were entered into during the financial year were onan arm's length basis and were in the ordinary course of business. There are no materiallysignificant related party transactions made by the Directors Key Managerial Personnel orother designated persons which may have a potential conflict with the interest of the
Company at large.
The Policy on Related Party Transactions as approved by the Board is uploaded on thewebsite of the Company.
The particulars of contracts or arrangements with related parties referred to insub-section (1) of Section 188 of the Companies Act 2013 in Form AOC-2 and disclosuresunder Schedule V of Securities And Exchange Board of India (Listing Obligations And
Disclosure Requirements) Regulations 2015 is annexed as Annexure-V' to thisreport.
EXTRACT OF ANNUAL RETURN
The details forming part of the extract of the Annual Return in form MGT 9 is annexedherewith as "Annexure- VI" to this report.
MANAGEMENT DISCUSSION & ANALYSIS
Pursuant to the provisions of Regulation 34(2) (e) of the Securities And Exchange Boardof India (Listing Obligations And Disclosure Requirements) Regulations 2015 a report onManagement Discussion & Analysis forms part of the Annual Report and is herewithannexed as Annexure-VII' to this report.
PARTICULARS OF EMPLOYEES
A statement pursuant to the Section 197 read with Rule 5 of The Companies (Appointmentand Remuneration of Managerial
Personnel) Rules 2014 is annexed as Annexure-VIII' to this report.
The Company has been making every endeavor to bring more transparency in the conduct ofits business. As per the requirements of Listing regulations a detailed report onCorporate Governance for the year 2016-17 pursuant to Regulation 34 of Securities AndExchange Board of India (Listing Obligations And Disclosure Requirements) Regulations2015 is annexed as "Annexure- X" to this report.
Certificate from the Auditors of the Company regarding compliance of CorporateGovernance is furnished along with this Annual
Your Company considers its Human Resource as the major strength to achieve itsobjectives. Keeping this in view your Company takes all the care to attract train andretain well qualified and deserving employees. The employees are sufficiently empoweredand enabled to work in an environment that inspires them to achieve higher levels ofperformance. The unflinching of the employees is the driving force behind fulfilling theCompany's vision. Your Company appreciates the contribution of its dedicated employees.
ENERGY CONSERVATION TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO
The information on conservation of energy technology absorption and foreign exchangeearnings and outgo stipulated under Section 134(3)(m) of the Companies Act 2013 read withRule 8 of The Companies (Accounts) Rules 2014 is annexed herewith as"Annexure-IX" to this report.
CORPORATE SOCIAL RESPONSIBILITY
During the year under review according to the provisions of Section 135 of TheCompanies Act 2013 Corporate Social Responsibility activities are taken up by theCompany the company has constituted a Corporate Social Responsibility committee and hasadopted a Corporate Social Responsibility Policy.
A detailed annual report on Corporate Social Responsibility activities under taken bythe company during the year is attached as Annexure-II.
SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS
There are no significant material orders passed by the Regulators / Courts which wouldimpact the going
Company and its future operations.
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 requirementsof The Sexual Harassment of Women at the Workplace (Prevention Prohibition &Redressal) Act 2013. Internal Complaints Committee (ICC) has been set up to redresscomplaints received regarding sexual harassment. All employees (permanent contractualtemporary trainees) are covered under this policy. The following is a summary of sexualharassment complaints received and disposed off during the year:
No. of complaints received : Nil
No. of complaints disposed off : Nil
Your Directors take this opportunity to express their appreciation to the shareholderscustomers bankers suppliers and other business associates for the excellent support andco-operation extended by them. Your Directors gratefully acknowledge the ongoingco-operation and support provided by the Central and State Governments Stock ExchangesSEBI Banks Customers and suppliers.
|FOR AND ON BEHALF OF THE BOARD OF DIRECTORS |
|A. PRATHAP REDDY |
|CHAIRMAN & MANAGING DIRECTOR |
|DIN: 00003967 |
Annexure(S) to the Directors' report
(Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 &rule 8 of Companies (Accounts) Rules 2014)
Statement containing salient features of the financial statement ofsubsidiaries/associate companies/joint
(Information in respect of each subsidiary to be presented with amounts in (Amount inRs.)
|Particulars ||Details |
|1 Name of the subsidiary ||Bhagyanagar Chemicals Limited ||Balaji Greentech Products Limited |
|2 Date Since when subsidiary is acquired ||19th April 2004 ||31st July 2008 |
|3 Reporting period for the subsidiary concerned if different from the holding company's reporting period ||1st April 2016 to 31st March 2017 ||1st April 2016 to 31st March 2017 |
|4 Reporting currency and Exchange rate as on the last date of the relevant Financial year in the case of foreign subsidiaries ||NA ||NA |
|5 Share capital ||13000000 ||325000000 |
|6 Reserves &surplus ||-19083868 ||-165474677 |
|7 Total assets ||1150758 ||449290554 |
|8 Total Liabilities ||7234626 ||289765231 |
|9 Investments ||Nil ||Nil |
|10 Turnover ||Nil ||30023359 |
|11 Profit before taxation ||-84963 ||-47802300 |
|12 Provision for taxation (Includes DTL/DTA) ||Nil ||15672487 |
|13 Profit after taxation ||-84963 ||-32129813 |
|14 Proposed Dividend ||Nil ||Nil |
|15 % of shareholding ||100% ||66% |
None of the subsidiaries have been liquidated or sold during the year. There are nosubsidiaries which are yet to commence operations.
Part "B": Associates and JointVentures
Statement pursuant to Section 129 (3) of the Companies Act 2013 related to AssociateCompanies and Joint Ventures
|Name of associates/Joint Ventures ||NA |
|Latest audited Balance Sheet Date ||NA |
|Shares of Associate/Joint Ventures held by the company on the year end ||NA |
|No. ||NA |
|Amount of Investment in Associates/Joint Venture ||NA |
|Extend of Holding% ||NA |
|Description of how there is significant influence ||NA |
|Reason why the associate/joint venture is not consolidated ||NA |
|Net worth attributable to shareholding as per latest audited Balance Sheet ||NA |
|Profit/Loss for the year ||NA |
|Considered in Consolidation ||NA |
|Not Considered in Consolidation ||NA |
None of associates have been liquidated or sold during the year.
For and on behalf of the Board of Directors
As per our report of even date for V. Sridhar & Co.
Chartered Accountants FRN 006206S
ICAI Membership No.202337 Secunderabad. May 11 2017
|Sd/- || ||Sd/- |
|A. Prathap Reddy || ||G.Hemanth Reddy |
|Chairman and Managing Director || ||Wholetime Director & CFO |
|DIN: 00003967 || ||DIN: 00003868 |
| ||Sd/- || |
|Company Secretary |
ANNUAL REPORT ON CORPORATE SOCIAL RESPONSIBILITY (CSR) ACTIVITIES
1. The CSR activities being reported from1st April 2016 to 31st March2017.
2. This report does not include the information about subsidiary companies
3. This report includes the information about the Corporate Social Responsibilityactivities undertaken by the company.
4. A brief outline of the Company's CSR policy including overview of projects orprograms completed and proposed to be undertaken and a reference to the web-link to theCSR policy and projects or programs:
A. CSR POLICY:
CSR Vision Statement & Objective
In alignment with its vision as a socially responsible corporate citizen BalajiAmines Limited (BAL) will continue to enhance sustainable development of the society andcommunity in which it operates .Through its conduct services and engagement with CSRinitiatives it will strive to promote sustained growth in the regions it operates tocreate education better health Rural Development and capacity building for waterconservation
To operate its business in a sustainable manner respecting the society & theenvironment while recognizing the interests of all its stakeholders.
To also take up directly or indirectly programmes that will benefitthe communities inand around its units located which will over a period of time enhance the quality of lifeand economic well being of the local residents and all stakeholders. Through assistedprogrammes services and through its CSR initiatives BAL will generate community goodwilland create a partnership with all stake holders of the region as a socially responsiblecorporate.
2% of the average net profits of the Company made during the three immediatelypreceding financial years;
Identification of CSR works:
The applications representations received from various community representativesNGO's Panchayat or by Govt. agencies requesting assistance for a work to be taken up byBAL's CSR Committee on its own by systematic programme for execution will be listed anddisplayed.
Areas identified for CSR activities:
Activities under corporate social responsibility (csr) planning in and around SolapurOsmanabad and Medak Districts. (SANGAREDDY)
1. Providing regular free Health clinics in the rural villages.
2. Health care to the needy and child care with nutrition.
3. Sustainable infrastructure Development with partnership of local bodies Govt.Agencies etc.
4. Development of sustainable resources viz water Environment protection and capacitybuilding of all natural resources.
5. Community Development with Education Vocational training and skill development togenerate employment.
BAL will engage in the above activities independently or in such partnership in amanner that it will complement the work being done by local authorities NGO's Agencieswherever necessary. The work executed by BAL will offer a multifold benefit to thecommunity and all the stakeholders.
A CSR Cell will be formed at each Factory and at Registered Office to identify thevarious projects / programmes suitable as per the policy of the Company. These identifiedprojects / programmes will be scrutinized by the CSR Committee and select forimplementation.
The co-ordinators periodically inspect & report the progress of work commissionedevery quarter and submit a report to CSR Committee.
B. Composition of the CSR Committee:
Committee: The Committee comprises of the following 3 Directors
1. Shri. Kashinath R. Dhole (Chairman)
2. Shri. N. Rajeshwar Reddy (Member)
3. Shri. D. Ram Reddy (Member)
C. Average net profit of the Company for last three financial years:
Average net profit Rs. 655056005/-
D. Prescribed CSR Expenditure (two percent of the amount on item C above):
The Company is required to spend Rs.13101120/- towards CSR activities.
E. Details of CSR spent for the financial year 2016-17. a. Total amount spent forthe financial year: Rs. 13496117/- b. Amount unspent if any: Nil/-
F. Statement of the expenditure made during the financial year 2016-17
| ||CSR Project/ Activ- Sector in Project is covered ||Projects or programs ity/ beneficiary which the |
(1) Local area or other (2) Specify the State and district where projects or pro- gram swas undertaken
|Amount outlay (budget) project or programs wise ||Amount spent on the projects or Programs Sub heads: (1) Direct expendi- ture on projects or programs. (2) Overheads: ||Cumulative expenditure upto the reporting period ||Amount spent: Direct or through implement- ing agency * |
|1 Construction of Toi- lets & fund for Medical Treatments ||Social Service & Healthcare ||Police Head Quarter Solapur Z.P. School A/p Khadki Taq.Tuljapur Dist.Osmanabad and other Villages (MH) ||1406473 ||1406473 ||1406473 ||Direct |
|2 School Building for High School in Rural areas ||Promoting Education ||A/p. Aherwadi Taq.South Solapur Dist.Solapur A/p.Tamalwadi ||1784934 ||5819043 ||5819043 ||Direct |
| || ||Dist.Osmanabad (MH) ||1228524 || || || |
|Computer for schools Battery educational assistance to Students etc || ||Padmashali Sikhan Sanstha Solapur (MH) ||1100000 || || || |
| || ||Local areas of factory ||1705585 || || || |
|3 Construction of Stor- age Unit & Drying Platform ||Social Service & Rural Development Project ||Gingurti Tandur Mandal Vikarabad (Telangana) ||3039000 ||4767936 ||4767936 ||Direct |
|Deepening and widen- || ||A/p.Akolekati JewaliB.B.Daphal || || || || |
|ing of Nalas at various villages || ||Chincholikarti Wadala KarambaKondiPeshve Kalin Dist. Solapur TamalwadiDarphal Dist.Osmanabad (MH) ||1728936 || || || |
|4 Promotion of Road ||Social Service ||Mahaveer Chowk to Multani Bak- ||279000 ||279000 ||274000 ||Direct |
|Safety and Greenery || ||ery Solapur (MH) || || || || |
|on the Road Divider || || || || || || |
|5 Drinking Water RCC Tanks ||Healthcare ||A/p Naldurga Doddi Musti Bale and Various Villages Dist.Os- manabad & Dist Solapur(MH) ||726665 ||726665 ||726665 ||Direct |
|6 Expenditure on CSR Staff (Remuneration Travelling etc.) ||Administrative Exps. ||CSR Staff Solapur (MH) ||378250 ||378250 ||378250 ||Direct |
|7 Solar Street Light Distribution ||Rural Develop- ment Project ||A/p Ramhingani & Kumbhari Dist. Solapur (MH) ||118750 ||118750 ||118750 ||Direct |