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CSJ Technologies Ltd.

BSE: 531943 Sector: Others
NSE: N.A. ISIN Code: INE734C01012
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
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CSJ Technologies Ltd. (CSJTECHNOLOGIES) - Director Report

Company director report

ANNUAL REPORT 1998-99 C S J AGROS LIMITED DIRECTORS REPORT TO, The Shareholders, Your Directors have the pleasure in presenting the FIFTH ANNUAL REPORT along with Audited Balance Sheet of your company for the year ended 31st March, 1999. PROGRESS OF THE PROJECT You are aware that the Company is setting a 100% EOU Floriculture project of cut flower roses under controlled temperature conditions. As envisaged in the means of finance the company was sanctioned term loans of Rs. 300 Lakhs by State Bank of India, Agri Business Branch and Rs. 100 lakes by national Horticulture Board (NHB). The Bank is yet to LC's and release funds for the project. The existing site of the project is posing heavy threat of pollution and the company has decided to change the site to an non-polluted location and alternative site already located, consequently the company has proposed to dispose the site. DIRECTORS Sri. C.L. JAISINHA retire by rotation at the forthcoming Annual General Meeting kin accordance with Article 132 of the Articles of Association of the Company and being eligible offers himself for re-appointment. DEPOSITS: The Company has not accepted any deposits from the public. AUDITORS: M/s. M. R.K. Reddy & Co. Chartered Accountants, the Company's Auditor retire at the conclusion of this Annual General Meeting. They have submitted their willingness for the re-appointment and have further confirmed their eligibility U/s.223 (1B) of the Companies Act, 1956. EMPLOYEES In accordance with the provisions of Section 217 (2A) of the Companies Act, 1956, read with the companies (Particulars of Employees) Rules, 1975, your Directors report that there are no employees covered by this section. DISCLOSURES The Company not yet started the actual commercial production, inclusion of particulars for the conservation of energy and technology absorption as required under the Companies (Disclosures of particulars in the report of the Board of Directors) Rules, 1988 does not arise. BOARD OF DIRECTORS MANAGING DIRECTOR Hyderabad 2nd September, 1999.

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