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Aagam Capital Ltd.

BSE: 531866 Sector: Financials
NSE: N.A. ISIN Code: INE817D01013
BSE 00:00 | 04 Mar Aagam Capital Ltd
NSE 05:30 | 01 Jan Aagam Capital Ltd
OPEN 74.40
PREVIOUS CLOSE 71.95
VOLUME 149
52-Week high 74.40
52-Week low 0.00
P/E 1027.86
Mkt Cap.(Rs cr) 36
Buy Price 62.05
Buy Qty 1.00
Sell Price 71.95
Sell Qty 13.00
OPEN 74.40
CLOSE 71.95
VOLUME 149
52-Week high 74.40
52-Week low 0.00
P/E 1027.86
Mkt Cap.(Rs cr) 36
Buy Price 62.05
Buy Qty 1.00
Sell Price 71.95
Sell Qty 13.00

Aagam Capital Ltd. (AAGAMCAPITAL) - Director Report

Company director report

Dear Members

Your Directors take pleasure in presenting the 28th Annual Report of the Companytogether with the Audited Financial Statements for the financial year ended 31st March2020.

1. FINANCIAL PERFORMANCE

Particulars 31.03.2020 31.03.2019
Total Income 1543523 1798582
Total Expenditure 1053142 1155293
Profit before exceptional and extraordinary items and tax 490381 643290
Less: Exceptional item - -
Profit before extraordinary items and tax 490381 643290
Tax 6186 4475943
Net Profit/(Loss) After Tax 484195 (3832653)

2. OPERATIONS

The net profit for the period ended 31st March2020 is Rs. 484195 as against loss ofRs. 3832653 during previous year. The total income of the company decreased from Rs.1798582 to Rs.1543523. The EPS of the company for the year under review is Rs. 0.10.Your directors expects and will make more efforts to improve the performance of thecompany during the current year as compared to previous year.

3. DIVIDEND

Your directors do not recommend any dividend during the year under review.

4. AMOUNT TRANSFERRED TO RESERVE

A company has transferred a sum of Rs.96839 to Special Reserve Account in compliancewith the RBI Act 1934.

5. DEPOSITS

The company has not accepted any public deposits under the provisions of the CompaniesAct 2013 (‘Act').

6. SHARE CAPITAL

As on 31 March 2020 paid–up share capital of the Company stood at Rs. 5.00 croreconsisting of 5000000 equity shares of face value of Rs.10 each fully paid–up.

7. SUBSIDIARIES / JOINT VENTURE / ASSOCIATE COMPANY

Your company does not have any Subsidiary/ Joint Venture and Associate Companies.

8. SECRETARIAL STANDARDS OF ICSI

The Company has complied with the requirements prescribed under the SecretarialStandards on Meetings of the Board of Directors (SS–1) and General Meetings(SS–2).

9. STATE OF AFFAIRS OF THE COMPANY

Granting of loans and advances and making investments is the core area of operations ofthe company. The Board of Directors of your company carries out these operations withactive care and all essentials precaution thereby enhancing stakeholders values.

10. COMPOUNDING OF OFFENCES

The violation mentioned in the show cause notices issued to the company pursuant toinspection by the regional director under section 206(5)/207 are compoundable in natureand hence the Board of Directors of the Company have file compounding application beforeconcern authorities i.e. Regional Director/ National Company Law Tribunal and awaiting foran order from the aforesaid authorities .

11. CHANGE IN THE NATURE OF BUSINESS IF ANY

There was no change in the nature of business of the company during the year.

12. MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION OF THECOMPANY

There were no material changes and commitments affecting the financial position of thecompany which have occurred between the end of the financial year of the company and thedate of this Report.

13. CORPORATE SOCIAL RESPONSIBILITY

The provisions of section 135 of the Companies Act2013 are not applicable to thecompany.

14. DIRECTORS AND KEY MANAGERIAL PERSONNEL

(i) Change in Directorate

During the year under review there was no change in the Board of Directors of theCompany.

(ii) Directors liable to retire by rotation

Mr. Anil Kothari Whole Time Director (DIN: 01991283) retires by rotation at theensuing AGM being eligible offers himself for re-appointment. Necessary details forre-appointment as required under the Act and the SEBI Listing Regulations is given in thenotice of 28th AGM.

(iii) Key Managerial Personnel

Mr. Harsh Choubisa Company Secretary and Compliance Officer of the company resignedfrom the said post with effect from 19th August2019.

15. BOARD EVALUATION

The Board has carried out an annual performance evaluation of its own the IndependentDirectors Committee and other Individual Directors. The details of performance evaluationhave been made available on the Website of the Company i.e. www.aagamcapital.com.

16. POLICY ON DIRECTOR'S APPOINTMENT AND REMUNERATION

The current policy is to have an appropriate mix of executive non-executive andindependent directors to maintain the independence of the board and separate its functionsof governance and management.The remuneration paid to directors if any is recommended bythe Nomination and Remuneration Committee and approved by Board of Directors andShareholders of the Company. The remuneration is decided after considering various factorssuch as qualification experience performance responsibilities shouldered industrystandards as well as financial position of the Company. The policy of the company ondirector's appointment and remuneration is available on the website of the company i.ewww. aagamcapital.com.

17. COMMITTEES OF THE BOARD

The company has the following three committees of the board

: (i) Audit Committee

(ii) Nomination and Remuneration Committee

(iii) Stakeholders Relationship Committee

The composition of each of the above committees their respective role andresponsibility is in conformity with the provisions of the Companies Act2013 andSEBI(LODR)Regulations2015 and amendments made therein from time to time.

18. MEETING OF BOARD OF DIRECTORS

During the year under review 6(Six) Board Meetings were held on 22.04.201929.05.2019 13.08.2019 31.10.2019 13.11.2019 and on 13.02.2020 . The intervening gapbetween the meetings did not exceed the period prescribed under the Act. The details ofnumber of meeting attended by each directors are as follows :

Date of Meeting Mr. Anil Kothari Mr. Naresh Jain Mr.Suryakant Kadakane Mr. Rajendra Redekar Mrs. Preeti Doshi

Attendance at the Board Meeting

22.04.2019 Yes Yes Yes Yes Yes
29.05.2019 Yes Yes Yes Yes Yes
13.08.2019 Yes Yes Yes Yes Yes
31.10.2019 Yes Yes Yes Yes Yes
13.11.2019 Yes Yes Yes Yes Yes
13.02.2020 Yes Yes Yes Yes No

19. MEETING OF INDEPENDENT DIRECTORS

The Independent Directors of the Company at their meeting held on 13th February 2020reviewed the performance of non- independent directors and the Board as a whole includingthe Chairman of the Company by taking into consideration views expressed by the executivedirectors and non-executive directors at various level pertaining to the quality quantityand timeliness of flow of information between the company management and the board haveexpressed their satisfaction.

20. DECLARATION BY THE INDEPENDENT DIRECTORS

The independent directors have submitted a declaration of independence stating thatthey meet the criteria of independence provided under section 149(6) of the Act asamended and regulation 16 of the SEBI Listing Regulations.

The Board had taken on record the declaration and confirmation submitted by theindependent directors regarding meeting the prescribed criteria of independence afterundertaking due assessment of the veracity of the same in terms of the requirements ofregulation 25 of the SEBI Listing Regulations.

21. CORPORATE GOVERNANCE REPORT

Pursuant to Regulation 15 of SEBI (Listing Obligations and Disclosure Requirement)Regulations 2015 the compliance with the Corporate Governance provisions specified inRegulations 17 to 27 and Clauses (b) to (i) of sub-regulation (2) of Regulation 46 andpara CD and E of Schedule V shall not apply to the Company and hence the CorporateGovernance Report does not forms part of this report.

22. RELATED PARTY TRANSACTIONS

All Related Party Transactions that were entered into during the financial year were onan arm's length basis in the ordinary course of business and were in compliance with theapplicable provisions of the Act and the Listing Regulations. There were no materiallysignificant Related Party Transactions made by the Company with Promoters Directors KeyManagerial Personnel which may have a potential conflict with the interest of the Companyat large. Hence there does not exists any details to be mentioned in Form AOC-2 which isattached as "Annexure -I".

All Related Party Transactions are placed before the Audit Committee for approval. TheCompany has adopted a Related Party Transactions Policy. The policy as approved by theboard is uploaded on the Company's website at https://www. aagamcapital.com

23. PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS

The provisions of section 186 of the Companies Act2013 pertaining to investment andlending activities are not applicable to the company since the company is a Non BankingFinancial Company ("NBFC").

24. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report as stipulated under SEBI (Listing Obligationsand Disclosure Requirements)2015 forms part of this report.

25. EXTRACT OF ANNUAL RETURN

As per the requirements of Section 92(3) of the Act and Rules framed thereunder theextract of the annual return for FY 2019-20 is given in "Annexure - II"in the prescribed Form No. MGT-9 which forms part of this report. Further the extract tothe Annual Return of the Company can also be accessed on the Company's website athttps://www.aagamcapital.com.

26. RISK MANAGEMENT POLICY

The Board of Directors have adopted a risk management policy for the Company whichprovides for identification assessment and control of risks which in the opinion of theBoard may pose significant loss or threat to the Company. The Management identifies andcontrols risks through a defined framework in terms of the aforesaid policy.

27. WHISTLE BLOWER POLICY / VIGIL MECHANISM

The Company has a whistle blower policy encompassing vigil mechanism pursuant to therequirements of the section 177(9) of the Act and regulation 22 of the SEBI ListingRegulations. The Audit Committee reviews the functioning of the Whistle blower policy. Thepolicy/vigil mechanism enables directors and employees to report to the management theirconcerns about unethical behaviour actual or suspected fraud or violation of thecompany's code of conduct or ethics policy and leak or suspected leak of unpublished pricesensitive information.

The whistle blower policy is uploaded on the website of the Company and can be accessedat https://www.aagamcapital.com.

28. INTERNAL CONTROL SYSTEMS

The internal financial controls of the Company are commensurate with its size scaleand complexity of operations. The company has policies and procedures which inter aliaensure integrity in conducting business timely preparation of reliable informationaccuracy and completeness in maintaining accounting records and prevention and detectionof frauds and errors. The Audit Committee actively reviews the adequacy and effectivenessof the internal financial control systems and suggests improvements if any to strengthenthe same.

29. DIRECTOR'S RESPONSIBILITY STATEMENT

In compliance of section 134(5) of the Act the directors state that:

(i) in the preparation of the annual accounts the applicable accounting standards havebeen followed along with proper explanation relating to material departures.

(ii) they have selected such accounting policies and applied them consistently and madejudgments and estimates that are reasonable and prudent so as to give a true and fair viewof the state of affairs of the Company at the end of the financial year and of the profitof the Company for FY2020.

(iii) they have taken proper and sufficient care 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) they have prepared the annual accounts on a going concern basis.

(v) they have laid down internal financial controls to be followed by the Company andthat such internal financial controls are adequate and are operating effectively.

(vi) they have devised proper systems to ensure compliance with the provisions of allapplicable laws and that such systems are adequate and are operating effectively.

30. STATUTORY AUDITORS AND HIS REPORT

M/s. Motilal & Associates Chartered Accountants (Firm Reg. No. 106584W) wereappointed as Statutory Auditors of the Company till the conclusion of the Thirty FirstAnnual General Meeting to be held in the year 2023. As per the provisions of Section 139of the Act they have confirmed that they are not disqualified from continuing as Auditorsof the Company. The Audit Report of M/s. Motilal & Associates on the FinancialStatements of the Company for the Financial Year 2019-20 forms part of this Annual Report.The report does not contain any qualification reservation adverse remark or disclaimer.

31. SECRETARIAL AUDITOR AND HIS REPORT

Pursuant to the provisions of section 204 of the Act the Board has appointed Mr.Suprabhat Chakraborty practising company secretary (C.P. No. 15878) to undertakesecretarial audit of the Company.

A report from the secretarial auditor in the prescribed Form MR-3 is annexed as "Annexure– III" to this Report. The report contain the following Observations:

1) The Company Secretary and Compliance Officer had resigned from his post on19.11.2019. The Board has not appointed any Company Secretary and Compliance Officer tooccupy the vacate position till 31st March2020.

Management would like to state that the company is looking for suitable candidate forCompany Secretary post.

2) The Company has not paid Annual Listing Fees and trading in Bombay StockExchange has been suspended.

Management would like to state that the trading in the script of the Company wassuspended abruptly by BSE without giving proper notice. The Stock Exchange has not raisedany invoice towards listing fees after suspending the trading. The matter is beingcontested by the company with BSE and waiting for final order

In addition to the above and pursuant to SEBI circular dated 8 February 2019 a reporton secretarial compliance by Mr. Suprabhat Chakraborty for FY2019-20 has been submittedwith stock exchange.

32. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE COURTS / REGULATORS

During year no significant and material orders were passed by any regulator or courtor tribunal impacting the going concern status and Company's operations in future.

33. PARTICULARS OF EMPLOYEES

Considering the provisions of Section 197(12) of the Act read with the relevant rulesand having referred to provisions of the First Proviso to Section 136(1) of the Act theAnnual Report is being sent to the members of the Company excluding details ofparticulars of employees and related disclosures. The said information/ details areavailable for inspection at the Registered Office of the Company during working hours onany working day. Any member interested in obtaining this information may write to thecompany and this information would be provided on request.

34. DISCLOSURES AS PER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTIONPROHIBITION AND REDRESSAL) ACT 2013

The Company has adopted a policy on Prevention Prohibition and Redressal of SexualHarassment at the Workplace in line with the provisions of the Sexual Harassment of Womenat Workplace (Prevention Prohibition and Redressal) Act 2013 and the Rules thereunder.The Policy aims to provide protection to employees at the workplace and prevent andredress complaints of sexual harassment and for matters connected or incidental theretowith the objective of providing a safe working environment where employees feel secure.The Company has not received any complaint of sexual harassment during the financial year2019-2020.

35. HEALTH SAFETY AND ENVIRONMENT

The company considers safety environment and health as the management responsibilityand therefore being constantly aware of its obligation towards maintaining and improvingthe environment across various spheres of its business activities.

36. CONSERVATION OF ENERGY TECHNOLOGY AND FOREIGN EXCHANGE EARNING AND OUTGO

The company is not engaged in manufacturing activities and as such the particularsrelating to conservation of energy and technology absorption are not applicable. Thecompany makes every effort to conserve energy as far as possible etc. Particularsregarding Foreign Exchange Earnings and Outgo required under the provisions of Section134(3)(m) of the Companies Act 2013 read with Rule 8 of the Companies (Accounts) Rules2014 are given in the notes forming part of accounts which forms part of the AnnualReport.

37. ACKNOWLEDGEMENT

The Board of Directors would like to express its gratitude and its appreciation for thesupport and co–operation from its members RBI and other regulators. The Board ofDirectors also places on record its sincere appreciation for the commitment and hard workput in by the Management and the employees of the Company .

For and on behalf of the Board of Directors
Sd/- Sd/-
Anil Kothari Naresh Jain
Whole Time Director Director
DIN: 01991283 DIN:00291963

Date :- 09.11.2020

Place:- Mumbai

Form for disclosure of particulars of contracts/arrangements entered into by thecompany with related parties referred to in sub-section (1) of section 188 of theCompanies Act 2013 including certain arms length transactions under third proviso thereto

(Pursuant to clause (h) of sub-section (3)of section 134 of the Act and Rule 8(2) ofthe Companies (Accounts) Rules 2014)

1. Details of contracts or arrangements or transactions not at arm's lengthbasis : Nil

(a) Name(s) of the related party and nature of relationship

(b) Nature of contracts/arrangements/transactions

(c) Duration of the contracts/arrangements/transactions

(d) Salient terms of the contracts or arrangements or transactions including the valueif any

(e) Justification for entering into such contracts or arrangements or transactions (f)Date(s) of approval by the Board (g) Amount paid as advances if any:

(h) Date on which the special resolution was passed in general meeting as requiredunder first proviso to section 188

2. Details of material contracts or arrangement or transactions at arm's lengthbasis : Nil

(a) Name(s) of the related party and nature of relationship (b) Nature ofcontracts/arrangements/transactions (c) Duration of thecontracts/arrangements/transactions

(d) Salient terms of the contracts or arrangements or transactions including the valueif any: (e) Date(s) of approval by the Board if any: (f) Amount paid as advances if any:

For and on behalf of the Board of Directors
Sd/- Sd/-
Anil Kothari Naresh Jain
Whole Time Director Director
DIN: 01991283 DIN:00291963

Date :- 09.11.2020 Place:- Mumbai

Form No. MGT - 9

EXTRACT OF ANNUAL RETURN

AS ON THE FINANCIAL YEAR ENDED ON 31.03.2020

[Pursuant to section 92(3) of the Companies Act 2013 and rule 12(1) of the Companies(Management and Administration) Rules 2014]

I. REGISTRATION AND OTHER DETAILS

i. CIN L65990MH1991PLC064631
ii. Registration Date 27/12/1991
iii. Name of the Company Aagam Capital Limited
iv. Category / Sub-Category of the Company Public Company
v. Address of the Registered office and contact details Premises No. 2 1st Floor Rahimtoola House 7 Homji Street Fort Mumbai- 400001.
Tel : +91-7400186121
Web : www.aagamcapital.com
Email : aagamcltd@gmail.com
vi. Whether listed company Yes
vii. Name Address and Contact details of Registrar Transfer Agent if any and M/s. Bigshare Services Private Limited 1st Floor Bharat Tin Works Building Opp. Vasant Oasis Makwana Road Marol Andheri(East) Mumbai – 400072. Tel : 02262638200
Email: vinod.y@bigshareonline.com
Web: www.bigshareonline.com

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All the business activities contributing 10 % or more of the total turnover of thecompany shall be stated:-

SI. No. Name and Description of main products / services NIC Code of the Product/ service % to total turnover of the company
1 Investment & Finance 6499 100

III. PARTICULARS OF HOLDING SUBSIDIARY AND ASSOCIATE COMPANIES

NIL

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)

i. Category-wise Share Holding

Category of Shareholders No. of Shares held at the beginning of the year

No. of Shares held at the end of the year

% Change during the year
Demat Physical Total % of Total Shares Demat Physical Total % of Total Shares
A. Promoters
1) Indian
a) Individual/ HUF 0 0 0 0.00 0 0 0 0 0.00
b) Central Govt. 0 0 0 0.00 0 0 0 0 0.00
c) State Govt. 0 0 0 0.00 0 0 0 0 0.00
d) Bodies Corporate 0 0 0 0.00 0 0 0 0 0.00
e) Banks/FI 0 0 0 0.00 0 0 0 0 0.00
f) Any Others (Specify)
Sub-total(A)(1):- 0 0 0 0.00 0 0 0 0 0.00
2) Foreign
a)NRIs-Individuals 0 0 0 0.00 0 0 0 0 0.00
b)Other- Individuals 0 0 0 0.00 0 0 0 0 0.00
c) Bodies Corp. 0 0 0 0.00 0 0 0 0 0.00
d) Banks/FI 0 0 0 0.00 0 0 0 0 0.00
e)Any Others 0 0 0 0.00 0 0 0 0 0.00
Sub-total (A)(2):- 0 0 0 0.00 0 0 0 0 0.00
Total shareholding of promoters (A)=(A)(1)+(A)(2) 0 0 0 0.00 0 0 0 0 0.00
B. Public Shareholding
1. Institutions 0 0 0 0.00 0 0 0 0 0.00
a) Mutual Funds 0 0 0 0.00 0 0 0 0 0.00
b) Banks/FI 0 0 0 0.00 0 0 0 0 0.00
c) Central Govt. 0 0 0 0.00 0 0 0 0 0.00
d) State Govt. 0 0 0 0.00 0 0 0 0 0.00
e) Venture Capital Funds 0 0 0 0.00 0 0 0 0 0.00
f) Insurance Companies 0 0 0 0.00 0 0 0 0 0.00
g) FIIs 0 0 0 0.00 0 0 0 0 0.00
h) Foreign Venture Capital 0 0 0 0.00 0 0 0 0 0.00
i) Funds Others (Specify) 0 0 0 0.00 0 0 0 0 0.00
Sub-total (B)(1)
2. Non Institutions
a) Bodies Corporate 2099347 798173 2897250 57.95 1952401 798173 2750574 55.01 (2.94)
i)Indian
ii)Overseas
b) Individuals
i) Individual shareholders holding nominal share capital upto Rs. 1 lakh 543374 7802 551176 11.02 543843 7802 551645 11.03 0.01
ii) Individual shareholders holding nominal share capital in excess of Rs. 1 lakh 1413192 46100 1459292 29.19 1521736 46100 1567836 31.36 2.17
c) Others (Specify)
i) HUF 89553 0 89553 1.79 90371 0 90371 1.81 0.02
ii) Trusts 0 0 0 0.00 0 0 0 0.00 0.00
iii) Clearing Member 0 0 0 0.00 37115 0 37115 0.74 0.74
iv) Non Resident Indian (Repat) 2436 0 2436 0.05 2436 0 2436 0.05 0.00
v) Non Resident Indian 23 0 23 0.00 23 0 23 0.00 0.00
(Non Repat)
vi) Directors Relatives 0 0 0 0.00 0 0 0 0.00 0
vii)Employee 0 0 0 0.00 0 0 0 0.00 0
viii)Overseas Bodies 0 0 0 0.00 0 0 0 0.00 0
Corporate
ix) Unclaimed Suspense 0 0 0 0.00 0 0 0 0.00 0
Account
x) IEPF 0 0 0 0.00 0 0 0 0.00 0
xi) Qualified Foreign Investor 0 0 0 0.00 0 0 0 0.00 0
Sub-total (B)(2) 4147925 852075 5000000 100 4147925 852075 5000000 100 (0.00)
Total Public Shareholding 4147925 852075 5000000 100 4147925 852075 5000000 100 (0.00)
(B)=(B)(1)+ (B)(2)
C) Shares held by
Custodian & against which depository receipts have been issued
a) Shares Held By
Custodians
i) Promoter & Promoter group 0 0 0 0.00 0 0 0 0.00 0.00
ii) Public 0 0 0 0.00 0 0 0 0.00 0.00
SUB TOTAL (C)(1) 0 0 0 0.00 0 0 0 0.00 0.00
Grand Total (A+B+C) 4147925 852075 5000000 100 4147925 852075 5000000 100 0.00

ii. Shareholding of Promoters

Nil

iii. Change in Promoters Shareholding (please specify if there is No Change)

Nil

iv. Shareholding pattern of top ten Shareholders(Other than Directors Promoters andHolders of GDR and ADRs):

Sl. No. Name No. of shares at the beginning/ end of the year Date Increase / Decrease in shareholding Reason Number of Shares Percentage of total shares of the Company
1 Monotype India Limited 1158837 1-Apr-19 0 - 1158837 23.18
1158837 31-Mar-20 0 - 1158837 23.18
2 Ivory Consultants Pvt Ltd 244198 1-Apr-19 0 - 244198 4.88
244198 31-Mar-20 0 - 244198 4.88
3 Haridarshan Sales Pvt Ltd 240000 1-Apr-19 0 - 240000 4.80
240000 31-Mar-20 0 - 240000 4.80
4 Lily Gold Merchants Pvt Ltd 229476 1-Apr-19 0 - 229476 4.59
229476 31-Mar-20 0 - 229476 4.59
5 Hasmukhbhai Manilal Shah 221933 1-Apr-19 0 - 221933 4.44
221933 31-Mar-20 0 - 221933 4.44
6 Balmiki Agencies Pvt Ltd 173000 1-Apr-19 0 - 173000 3.46
173000 31-Mar-20 0 - 173000 3.46
7 Priteshkumar H Shah 166442 1-Apr-19 0 - 166442 3.33
166442 31-Mar-20 0 - 166442 3.33
8 Asha Sanjay Shah 125034 1-Apr-19 0 - 125034 2.50
125034 31-Mar-20 0 - 125034 2.50
9 Manoj Jhaveri Stock Broking 237139 1-Apr-19 0 - 237139 4.74
Pvt Ltd
237139 31-Mar-20 0 - 237139 4.74

v. Shareholding of Directors and Key Managerial Personnel :

Nil

V. INDEBTEDNESS

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

Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtedness
Indebtedness at the beginning of the financial year
i) Principal Amount -- 75000 -- --
ii) Interest due but not paid -- -- -- --
iii) Interest accrued but not due -- -- -- --
Total (i+ii+iii) -- 75000 -- --
Change in Indebtedness during the financial year
- Addition -- 455000 -- --
- Reduction -- 530000 -- --
Net Change -- (75000) -- --
Indebtedness at the end of the financial year
i) Principal Amount -- -- -- --
ii) Interest due but not paid -- -- -- --
iii) Interest accrued but not due -- -- -- --
Total (i+ii+iii) -- -- -- --

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director Whole-time Directors and/or Manager

SI. Particulars of Remuneration

Name of MD/WTD/ Manager

Total Amount
1. Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act 1961 -- -- -- -- -- --
(b) Value of perquisites u/s 17(2) Income-tax Act 1961 -- -- -- -- -- --
(c) Profits in lieu of salary under section 17(3) Income- tax Act 1961 -- -- -- -- -- --
2. Stock Option -- -- -- -- -- --
3. Sweat Equity -- -- -- -- -- --
4. Commission
- as % of profit -- -- -- -- -- --
- others specify… -- -- -- -- -- --
5. Others please specify -- -- -- -- -- --
Total (A) -- -- -- -- -- --
Ceiling as per the Act

10 % of net profit of the company

B. Remuneration to other directors

SI. No. Particulars of Remuneration Name of Directors Total Amount
1 Independent Directors Mr. Rajendra Redekar Mrs. Preeti Doshi Mr. Suryakant Maruti Kadakane
Fee for attending board committee meetings 10000 14000 14000 38000
Commission -- -- -- --
Others please specify -- -- -- --
Total (1) 10000 14000 14000 38000
2 Other Non-Executive -- -- -- --
Directors
Fee for attending board committee meetings -- -- -- --
Commission
Others please specify -- -- -- --
Total (2) -- -- -- --
Total (B)=(1+2)
Total Managerial 10000 14000 14000 38000
Remuneration
Overall Ceiling as per the Act 1% of net profit of the company

C. Remuneration to Key Managerial Personnel Other Than MD /Manager /WTD

Sl. no. Particulars of Remuneration Key Managerial Personnel
CEO Company Secretary CFO Total
1. Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act 1961 -- 70196 -- --
(b) Value of perquisites u/s 17(2) Income-tax Act 1961 -- -- -- --
(c) Profits in lieu of salary under section 17(3) Income-tax Act 1961 -- -- -- --
2. Stock Option -- -- -- --
3. Sweat Equity -- -- -- --
4. Commission
- as % of profit -- -- -- --
- others specify… -- -- -- --
5. Others please specify -- -- -- --
Total -- 70196 -- --

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES

Type Section of the companies Act Brief description Details of Penalty/ Punishment/ Compounding fees imposed Authority[RD / NCLT/Court] Appeal made. If any(give details)
A. Company
Penalty -- -- -- -- --
Punishment -- -- -- -- --
Compounding -- -- -- -- --
B. Directors
Penalty -- -- -- -- --
Punishment -- -- -- -- --
Compounding -- -- -- -- --
C. Other Officers In Default
Penalty -- -- -- -- --
Punishment -- -- -- -- --
Compounding -- -- -- -- --
For and on behalf of the Board of Directors
Sd/- Sd/-
Anil Kothari Naresh Jain
Whole Time Director Director
DIN: 01991283 DIN:00291963

Date :- 09.11.2020

Place:- Mumbai

.