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C J Gelatine Products Ltd.

BSE: 507515 Sector: Industrials
NSE: N.A. ISIN Code: INE557D01015
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NSE 05:30 | 01 Jan C J Gelatine Products Ltd
OPEN 17.25
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VOLUME 93
52-Week high 25.60
52-Week low 14.80
P/E 20.06
Mkt Cap.(Rs cr) 8
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OPEN 17.25
CLOSE 17.25
VOLUME 93
52-Week high 25.60
52-Week low 14.80
P/E 20.06
Mkt Cap.(Rs cr) 8
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

C J Gelatine Products Ltd. (CJGELATINE) - Director Report

Company director report

To

The Members of

C.J. GELATINE PRODUCTS LIMITED

Your Directors have pleasure in presenting the 41st Director’s Reporton business & operations of your Company along with Audited Financial Statements forthe financial year ended March 31 2021.

FINANCIALS

(Rs. In Lakhs)

Year Ended

Particulars 31.03.2021 31.03.2020
Revenue from operations (Net) 3903.38 2828.24
Other Income 2.22 6.41
Total Income 3905.60 2834.65
Profit before Interest Depreciation & Tax (EBIDTA) 187.85 162.14
Less: Interest 105.23 100.16
Less: Depreciation 43.24 37.76
Profit before Tax and exceptional item 39.38 24.22
Less: Extraordinary Item - -
Profit before Tax 39.38 24.22
Less: (a) Current Tax 6.14 3.77
(b) Tax adjustments related to previous year - -
(c) Deferred Tax (1.41) (1.48)
Net Profit for the Year 34.65 21.93
Add: Other Comprehensive Income - -
Total Comprehensive Income 34.65 21.93
Paid up Equity Share Capital 481.33 481.33
EPS (Equity Shares of Rs. 10/- each) Basic & Diluted (in Rs.) 0.72 0.46

Operational Highlights

Your Company’s financial highlights during preceding five years period can besummarized as follows:

(Rs. In Lakhs)

Particulars

Financial Year ending

2020-21 2019-20 2018-19 2017-18 2016-17
Revenue 3903.38 2834.65 2583.08 2324.25 1668.05
EBIT 144.61 124.38 136.32 103.24 (30.74)
Net Profit after Tax 34.65 21.93 37.30 6.17 (200.67)
EPS 0.72 0.46 0.78 0.12 (4.16)

State of Company’s Affairs

During the year under review the Company has achieved a total revenue of Rs. 3903.38Lakhs and earned a PBIDT of Rs. 187.85 Lakhs and Profit after tax of Rs. 34.65 Lakhs. Thecontribution of Gelatine sales to the turnover was also marginally higher as compared tothe previous year which was primarily on account of better realisations of the productssales. During the year there has been a significant increase in the cost of thecompany’s principal raw material crushed bones. Your company is making all effortsto improve the market share and make a name in the Gelatine Industry & Business. Inthe field of Gelatine manufacturers your Company is taking big strides to improve quality

& standard of the product and once we achieve the volume and finance required wewill be in a great position to recollect profits. Your Company aspires to be the mosttrusted gelatin company in India and is committed to deliver quality goods/product topharma companies and other industry as well.

Change in the Nature of Business Activity

There has been no change in the nature of business activity of the Company during theyear under review. The Company strives to provide high quality affordable gelatin &DCP with an emphasis on successful image building and branding. The current financial yearand years ahead looks more challenging given the "COVID-19" pandemic althoughthe company is doing its best.

Dividend

In view of the future business growth plans & strategies your Directors deem itproper to preserve the resources of the Company for its activities and therefore do notpropose any dividend for the financial year ended March 31 2021. (Previous Year2019-20 NIL)

Transfer to Reserves

During the year under review the company has not transferred any amount to generalreserves or any other reserves. (Previous Year 2019-20 NIL)

Share Capital

The authorised share capital of your company as on March 31 2021 is Rs. 70000000/-(rupees seven crores only) comprising of 7000000 equity shares of Rs. 10/- each and theissued/subscribed/paid up equity share capital of the Company stands at Rs. 48133000/-( rupees four crores eighty one lakhs thirty three thousand only) comprising 4813300equity shares of Rs. 10/- each as on March 31 2021.The entire paid-up share capital ofthe Company is listed with BSE Limited. There was no change in the capital structure ofthe Company during the year.

Transfer to Investor Education & Protection Funds (IEPF)

Pursuant to the provisions of the Companies Act 2013 read with the IEPF Authority(Accounting Audit Transfer and Refund) Rules 2016 ("the Rules") notapplicable.

Further there was no dividend amount or shares outstanding to be transferred asunclaimed to the Investor Education and Protection Fund during the financial year 2020-21.(PY 2019-20 NIL)

Number of Board Meetings

The Board meets at regular intervals to discuss and decide on Company’s businesspolicy and strategy apart from other Board business. However in case of a special andurgent business needs the Board’s approval is taken by passing resolutions throughcirculation as permitted by law which are taken on record in the subsequent Boardmeetings. The notice of Board meeting is given well in advance to all the Directors.Usually meetings of the Boards & Committees are held at the Factory Premise of thecompany at Mandideep.

During the year four (4) Board Meetings were convened and held on

1) June 13 2020;

2) August 14 2020

3) November 7 2020

4) February 6 2021.

The maximum interval between any two meetings did not exceed 120 days except in theprevious year due to "COVID-19" pandemic & countrywide lockdowns the gapbetween 4th Board Meeting of the financial year 2019-20 and 1stBoard Meeting of the financial year 2020-21 was 123 days and shall be considered ascompliance with provisions of applicable acts as per MCA Circular no. 11/2020 dated March24 2020 and SEBI circular no. SEBI/HO/CFD/CMD1/CIR/P/2020/38 dated March 19 2020. Theother details like constitution & composition of committees committee meeting datesattendance of directors etc are mentioned in the Corporate Governance Report annexedherewith.

Secretarial Standards

The Company has devised proper systems to ensure compliance with the provisions of allapplicable Secretarial Standards issued by the Institute of Company Secretaries of Indiaand that such systems are adequate and operating effectively. The company has compliedwith SS-1 and SS-2.

Extract of Annual Return

The details forming part of the extract of the Annual Return in Form MGT- 9 inaccordance with Section 92(3) of the Companies Act 2013 read with the Companies(Management and Administration) Rules 2014 are set out herewith as"Annexure-I" to this Report.

The extract of Annual Return in Form MGT 9 as per provisions of the Companies Act 2013and Rules thereto is also available on the Company’s website at www.cjgelatineproducts.com.

Credit Facilities/Finance

The Company has been optimally utilizing its fund based and non fund based workingcapital requirements as tied up with banking partners. Effective financial measures havebeen continued to reduce cost of interest and bank charges. The Company continues to getrequisite assistance and co-operation from its bankers as and when needed.

Insurance and Industrial Relations

All the properties of the Company including building plant and machinery and stockshave been adequately covered under insurance. Industrial relations continued to remaincordial and satisfactory.

Subsidiaries Joint Ventures & Associate Companies

The Company does not have any Subsidiary Joint venture or Associate Company. Thusdisclosure in Form AOC-1 is not applicable.

Consolidated Financial Statements

Since the Company does not have any subsidiary associate or joint venture thereforethe requirement for consolidation of the Financial Statements are not applicable to theCompany.

Corporate Social Responsibility [CSR]

The provisions of section 135 of the Companies Act 2013 are not applicable to thecompany looking into the turnover net worth & profits of the Company during the yearunder review.

Directors Responsibility Statement

Pursuant to Section 134(5) of the Companies Act 2013 and rules made there under theDirectors confirm that:

a) In the preparation of annual accounts for the Financial Year ended March 31 2021the applicable accounting standards have been followed

b) Such accounting policies have been selected and applied 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 as at March 31 2021 and of the profit ofthe Company for that period.

c) Proper and sufficient care for the maintenance of adequate accounting records inaccordance with the provisions of the Companies Act 2013 for safeguarding the assets ofthe Company and for preventing and detecting fraud and other irregularities.

d) The annual accounts have been prepared on a going concern basis.

e) The Company has established internal financial controls and the said controls areadequate and are operating effectively.

f) A proper compliance system is established to ensure compliance with the provisionsof all applicable laws and that such systems are adequate and operating effectively.

AUDITORS

Statutory Auditor

The Company’s Auditors M/s Spark & Associates. Chartered Accountant(F.R.N.005313C) were appointed as statutory auditors of the company for a term of 5 (Five)years at the 39th Annual General Meeting of the Company held on 30thSept. 2019 till the conclusion of 44th AGM. The Auditors have confirmed thatthey are eligible to continue as auditors of the Company. The Board takes pleasure instating that no such observation have been made by the auditors in their report whichrequires any further explanation by the Board. The Report given by the auditors on theFinancial Statements of the Company is annexed herewith.

Notes on financial statement referred to in the Auditors’ Report areself-explanatory and do not call for any further comments. The Auditor’s Report doesnot contain any qualification reservation or adverse remark.

Secretarial Audit

Pursuant to provisions of section 204 of the Companies Act 2013 read withcorresponding rules framed there under M/s M.M. Chawla & Associates were appointed asthe Secretarial Auditors of the Company to carry out the secretarial audit for the yearending March 31 2021. The Secretarial Audit Report by M/s. M. M. Chawla & AssociatesPracticing Company Secretary in Form MR-3 is enclosed as "Annexure -II" to thisReport.

Internal Audit

The Company has appointed Internal Auditor as mandated by the provisions of theCompanies Act 2013 to evaluate the Internal Controls and Financial Reporting. The companyhas appointed Prem Chand Jain & Co. Chartered Accountants as the Internal Auditors.

Cost Audit

Pursuant to section 148 of the Companies Act 2013 read with the Companies (CostRecords and Audit) Amendment Rules 2014 Cost Records as specified by the CentralGovernment under section 148(1) of the Companies Act 2013 is not applicable to theCompany

Observation of Auditors

There are no qualifications reservations or adverse remarks made by the StatutoryAuditors Internal Auditors and Secretarial Auditors. The auditors have not reported anyfrauds.

Disclosure of frauds against the Company

There were no instances of reportable fraud to the Central Government covered undersection 134(5)(e) of the Companies Act 2013. Further that the auditors have not reportedany fraud as required to be reported by them under section 143(12) during the year2020-21.

Directors and Key Managerial Personnel

During the year under review there has been no change in the Directorship of theCompany no directors were appointed resigned or removed.

A. Directors seeking appointment / re-appointment

The Board recommends following appointment/re-appointment at the ensuing Annual GeneralMeeting.

a) In terms of the provisions of Section 152(6) of the Companies Act 2013 Mrs. JasneetKaur Director (DIN: 06995139) shall retire by rotation in the ensuing Annual GeneralMeeting and being eligible for re-appointment has offered her candidature fordirectorship.

b) Based on the recommendation of Nomination and Remuneration Committee the Board ofDirectors at its meeting held on June 26 2021 had appointed Mr. Harman Singh (DIN:01406962) as an Additional Director (Executive) in the promoter category pursuant tosection 149 150 152 and Section 161(1) read with Companies (Appointment andQualification of Directors) Rules 2014 regulation 17 of the SEBI (LODR) Regulations2015 on the Board of the Company liable to retire by rotation subject to the approval ofthe shareholders at the ensuing Annual General Meeting and further designated him asExecutive director and CFO of the company.

c) The tenure of Mr. Jaspal Singh Chairman & Managing Director will expire onFebruary 16 2022 based on the recommendation of Nomination & Remuneration Committee;the board recommends the re-appointment of Mr. Jaspal Singh as Chairman & ManagingDirector for a further period of three year w.e.f. February 17 2022; which is alreadyapproved by Board and NRC at their respective meetings.

B. Key Managerial Personnel’s

Your Company has designated Mr. Jaspal Singh the Managing Director Mr. Harman Singhthe Chief Financial Officer and Mr. Deepak Patil Company Secretary as the Key ManagerialPersonnel. During the year under review Mr. Deepak Patil was appointed as CompanySecretary & KMP w.e.f. August 14 2020 except that there has been no change in the KeyManagerial Personnel’s.

Board Evaluation

Pursuant to the provisions of the Companies Act 2013 and Regulation 17(10) of SEBI(Listing Obligations and Disclosure Requirements) Regulations 2015 the Board has carriedout an annual performance evaluation of its own performance and the directorsindividually. The entire Board carried out performance evaluation of each IndependentDirector excluding the Independent Director being evaluated. Nomination and RemunerationCommittee also carried out evaluation of every Director’s performance. IndependentDirectors in their separate meeting held on February 6 2021 have also evaluated theperformance of Non-Independent Directors Chairman of the Board and the Board as a whole.

Disclosures by the Directors

The Directors on the Board have submitted notice of interest under Section 184(1) andintimation of non-disqualification under Section 164(2) of the companies Act 2013. AllIndependent Directors have also given declarations that they meet the criteria ofindependence as laid down under Section 149(6) of the Companies Act 2013 (the"Act") and Regulation 16 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations 2015 so as to qualify themselves to be appointed as IndependentDirectors. The Independent Directors have complied with the code of Independent Directorsas prescribed in Schedule IV of the Companies Act 2013. The Independent Directors haveconfirmed that they have registered their names in the data bank maintained with theIndian Institute of Corporate Affairs (‘IICA’) in terms of Section 150 of theCompanies Act 2013. The Independent Directors are required to undertake onlineproficiency self-assessment test conducted by the IICA within a period of one year fromthe date of inclusion of their names in the data bank. All the Independent Directors ofthe company are exempt from passing online proficiency test wide MCA NotificationCompanies (Appointment and Qualification of Directors) Fifth Amendment Rules 2020 dated18/12/2020.

Policy on Directors Appointment and Remuneration

Policy on Directors appointment is to follow the criteria as laid down under theCompanies Act 2013 the SEBI (LODR) Regulations and good corporate practices. Emphasis isgiven to persons from diverse fields or professions. The Board on the recommendation ofthe Nomination & Remuneration Committee has formulated criteria for determiningqualifications positive attributes and independence of a Director and also a policy forremuneration of directors key managerial personnel and senior management. The policy isavailable at the website of company at www.cjgelatineproducts.com.

Particulars of Loans Guarantees or Investments made under section 186 of the CompaniesAct 2013

There were no loans or guarantees given or Investments made by the Company underSection 186 of the Companies Act 2013. The company has made advances to other partieswithin ordinary course of business.

Risk Management

The main aim of risk management is to identify monitor & take precautionarymeasures in respect of the events that may adversely affect the business. The Board &Audit Committee is responsible for reviewing the risk management plan/policy and ensuringits effectiveness. The Company has framed a Risk Management Policy to identify andevaluate business risks and opportunities. The key business risks identified by theCompany are as follows viz. Industry Risk Management and Operations Risk Market RiskGovernment Policy Risk Liquidity Risk and Systems Risk. The Company has in place adequatemitigation plans for the aforesaid risks.

During the "COVID-19" global pandemic the company quickly recognized andinvoked its Risk Management

Policy to minimize the impact on its operations customers suppliers and employees andensured that timely salaries are given to the employees during the lockdown period. TheCompany periodically reviews the risks and suggests steps to be taken to control andmitigate the same through a properly defined framework.

Related Party Transactions

There were no related party transactions between the company and company’sPromoters Directors or their relatives except remuneration paid to directors and KMPsin the ordinary course of business. Thus disclosure in Form AOC-2 is not applicable /required.

The Board of Directors of the Company has on the recommendation of the AuditCommittee adopted a policy to regulate transactions between the Company and its relatedparties in compliance with the applicable provisions of the Companies Act 2013 the rulesmade thereunder and the Listing Regulations. This policy has been uploaded on the websiteof the Company at www.cjgelatineproducts.com under the Policy’s info tab.

Internal Control System & their Adequacy

The Company has adequate system of internal control to safeguard and protect from lossunauthorized use or disposition of its assets. All the transactions are properlyauthorised recorded and reported to the Management. The Company is following all theapplicable Accounting Standards for properly maintaining the books of accounts andreporting financial statements. The internal auditor of the company checks and verifiesthe internal control and monitors them in accordance with policy adopted by the company.The Company continues to ensure proper and adequate systems and procedures commensuratewith its size and nature of its business.

Energy Conservation Technology Absorption and Foreign Exchange Earning & Outgo

The information pertaining to conservation of energy technology absorption Foreignexchange Earnings and outgo as required under Section 134(3) of the Companies Act 2013read with Rule 8(3) of the Companies (Accounts) Rules 2014 is furnished as under:

(A) Conservation of Energy

Steps Taken or Impact on Conservation of Energy:

New equipments have been installed at ETP plant which will result in less electricityconsumption. LED lights were used all over the factory premise which will result in lowconsumption of power.

(B) Technology Absorption

Efforts in brief made towards technology absorption. Benefits derived as a result ofthe above efforts e.g. product improvement cost reduction product development importsubstitution etc. The efforts made towards technology absorption :

a) The Company has not entered into any technology based ventures during the year underreview.

b) Replacement of existing air compressors with new energy efficient air compressors.

c) Replace few old pumps with energy efficient pumps.

Information regarding technology imported during the last 3 years:

The Company has not imported any technology and hence not applicable.

Impact of measures in the above

On implementation of the above the Company expects to substantially benefit in savingpower chemical & water consumption at various stages of the production cycle.

(c)Research & Development

The Company has not set up a separate unit for research and development as the need forthe same was not felt. However Employees working in the Lab are making continuous effortsfor Quality Improvement of Finished Products under the Supervision of the General Managerof the Company.

(d) Foreign Exchange Earning and Out-Go

During the year under review the Company has neither earned nor spent any foreignexchange.

(e) Environment

Dust Collector & Bag Filter has been installed for control of stock emission inBoiler thereby making clean & safe environment.

Whistle Blower Policy / Vigil Mechanism

Pursuant to the provisions of section 177(9) of Companies Act. 2013 and in terms ofRegulation 22 read with Regulation 4(2)(d)(iv) of SEBI (LODR) Regulations 2015 theCompany has a vigil mechanism named Whistle Blower Policy to deal with instance of fraudand mismanagement and provide a mechanism for the Directors / Employees of the Company toapproach the designated persons / Chairman of the Audit Committee of the Company to interalia report to the management instances of unethical behavior actual or suspected fraudor violation of the company’s code of conduct or ethics policy. The Vigil MechanismPolicy has been uploaded on the website of the Company at www.cjgelatineproducts.com.

Deposits

The Company has neither accepted nor renewed any deposits during the year under review.(PY-Nil)

The details relating to deposits covered under Chapter V of the Act

a) Accepted during the year : Nil/ Not Applicable

b) Remained unpaid or unclaimed as at the end of the year: Not Applicable

c) Whether there has been any default in repayment of deposits or payment of interestthereon during the year and if so number of such cases and the total amount involved: NotApplicable

d) Details of deposits which are not in compliance with the requirements of Chapter Vof the Act: Nil

Details of significant material orders passed by the regulators or courts or tribunalsimpacting the going concern status and company's operations in future

No significant or material orders were passed during the year under review by theregulators or courts or tribunals impacting the going concern status and company'soperations in future.

Material changes and commitments affecting the financial status of the company

There were no material changes and commitments affecting the business operations &financial position of the Company for financial year ended March 31 2021 till the date ofsigning of this Report.

Shares

Buy Back of Securities: The Company has not bought back any of its securitiesduring the year.

Sweat Equity and Employees Stock Option Scheme: The Company has not provided anyStock Option Scheme to the employees nor issued any Sweat Equity Shares during the yearunder review.

Bonus Shares: The Company has not issued any bonus share during the year underreview.

Fresh Issue of Shares: The Company has not issued any shares during the year underreview.

Outstanding GDRs/ADRs/Warrants or any Convertible Instruments

The Company has not issued/have any GDRs/ADRs/Warrants or any Convertible Instruments.

Awards & Recognitions

Your Company is certified with the following certifications;

ISO 9001-2015 Quality Management System.

ISO 22000:2018 Food Safety Management System.

Capexil Certificate (Chemicals & Allied Products Export Promotion Council of India)(Sponsored by Ministry of Commerce & Industry- Government of India)

Halal Certificate with JUHF

Kosher Certificate

Management Discussion & Analysis Report

Management Discussion and Analysis Report as stipulated under Regulation 34 read withSchedule V to the Securities and Exchange Board of India (Listing Obligations andDisclosure Requirements) Regulations 2015 is annexed with the boards report as separatereport.

Corporate Governance

The Corporate Governance as required under Regulation 34(3) read with Schedule V ofSEBI (LODR) Regulations 2015 which forms an integral part of this Report as CG Reporttogether with the Certificate from the Practicing Company Secretaries regarding compliancewith the requirements of Corporate Governance as stipulated under various regulations ofthe SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

CFO / CEO Certification

Certificate obtained from Shri Jaspal Singh Managing Director and Shri Harman SinghChief Financial Officer pursuant to Regulation 17(8) of SEBI (LODR)) Regulations 2015for the year 2020-21. A copy of the certificate on the financial statements for thefinancial year ended March 31 2021 is annexed along with this Report as"Annexure-V".

Human Resource Management

Human Resource plays vital role in your company. If finance is the blood of anyorganization then Human Resource are pulse which keeps production process smooth &running by their day & night hard work. Your company has performance incentiveapproach to motivate employees to give their best output /efficiency and encouragesinnovation and meritocracy. During the Lockdown period caused due to global"COVID-19" pandemic still ongoing Company promptly responded and ensured timelypayment of monthly remuneration to its employees and proper care is taken to provide safeand healthy work environment to employees by providing regular masks and sanitization ofwork place.

Board places their sincere appreciation and thanks towards their contribution to theCompany’s performance during the year.

Provision of voting by electronic means

Your Company is providing E-voting facility as per section 108 of the Companies Act2013 read with Rule 20 of the Companies (Management and Administration) Amendment Rules2015. The details regarding e-voting facility is given in the notice of the Annual GeneralMeeting.

Prevention of Insider Trading

In view of the SEBI (Prohibition of Insider Trading) Amendment Regulations the Companyhas adopted a Code of Conduct & Code of fair Disclosure for Prevention of InsiderTrading with a view to regulate trading in the securities by the Promoters & Promotersgroup Directors KMPs Officers and designated employees fiduciary etc of the Company.The Code prohibits the trading of shares while in possession of unpublished pricesensitive information in relation to the Company and during the period when the TradingWindow is closed.

Particulars of Employees

Disclosure under the provisions of Section 197 of the Companies Act 2013 read withRule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014

Director / KMP

Remuneration (Rs. In Lakhs)**

Median Remuneration of employees (Rs. In Lakhs)

Ratio

Percentage Increase in remuneration

20-21 19-20 20-21 19-20 20-21 19-20 20-21 19-20
1. Mr. Jaspal Singh (Chairman & Managing Director) 24.00 24.00 2.17 2.00 11.05 12 - -
2. Mrs. Jasneet Kaur (Executive Director) 3.00 3.00 2.17 2.00 1.38 1.5 - -
3. Mr. Harman Singh (Chief Financial Officer) 4.42 4.36 2.17 2.00 2.03 2.18 1.38 1.40
4. Mr. Deepak Patil * (Company Secretary) 2.02 0.00 2.17 2.00 0.93 - - -
5. Mrs. Pinky Sharma # (Company Secretary) 0.00 2.22 2.17 2.00 - 1.11 - -

* Mr. Deepak Patil was appointed w.e.f. August 14 2020.

# Mrs. Pinki Sharma resigned from office w.e.f. October 31 2019

** Above % is calculated on the basis of remuneration excluding sitting fees andperquisites.

a) The number of permanent employees on the rolls of the Company as on March 31 2021is 102.

b) There is no variable component of remuneration to the Directors.

c) Average percentile increase already made in the salaries of employees other than themanagerial personnel in the last financial year and its comparison with the percentileincrease in the managerial remuneration and justification thereof and point out if thereare any exceptional circumstances for increase in the managerial remuneration; Average 8%increase in salaries of employees and no increase in Managerial Remuneration during theF.Y. 2020-21. The remuneration of managerial person is commensurate with the efforts putby them in leading the Company to greater heights and as per the prescribed limits ofsection 197 and Schedule V of the Companies Act 2013.

d) Affirmation that the remuneration is as per the remuneration policy of the company;

The Company’s remuneration policy is driven by the success and performance of theindividual employees and the Company. Through the compensation package the companyendeavors to attract retain develop and motivate high performance staff. The Companyfollows a compensation mix of fixed pay benefits and performance based variable pay;

e) Details pertaining to remuneration as required under Section 197 (12) of theCompanies Act 2013 read with Rule 5 of the Companies (Appointment and Remuneration ofManagerial Personnel) Rules 2014 with reference to remuneration of employees in excess ofthe limits prescribed; None of the employees were in receipt of remuneration above 8 lakh50 thousand (8.50 Lakhs) per month or Rs. one crore two lakhs (1.02 Crores) perannum and above.

f) Performance of the Company;

Description 2020-2021 2019-2020
Profit before tax (Rs. In Lakhs) 39.38 24.22
EPS ( in Rs.) 0.72 0.46

STATEMENT CONTAINING INFORMATION AS PER SECTION 197(12) READ WITH THE RULES 5(2) AND5(3) OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES 2014FOR THE YEAR ENDED 31ST MARCH 2020.

Name Designation

Remuneration (Rs. In Lakhs)

Qualification Age (in Years) Experience Date of Commencement of employment Last Employment and Designation
Jaspal Singh Managing Director 24.00 Under Graduate 68 More than 50 years 23/01/2012 Chairman & MD
Jasneet Kaur Executive Director 3.00 BBE MA(Eco) 41 More than 15 years 28/03/2015 Executive Director

Notes:

1. The above employment is contractual.

2. The Remuneration does not include sitting fees and perquisites.

3. Except Mr. Jaspal Singh none of the directors or employees holds more than 2% of thepaid up capital of the company.

Disclosure Under The Sexual Harassment of Women at Workplace (Prevention Prohibition& Redressal) Act 2013

The Company has in place a Sexual Harassment Policy in line with the requirements ofthe Sexual Harassment of Women at the Workplace (Prevention Prohibition and Redressal)Act 2013. All women employees (permanent contractual temporary trainees) are coveredunder this policy. An Internal complaint committee is formed to look after any complaintsof women employees. Statement showing the number of complaints filed and the number ofcomplaints pending as on the end of the financial year is shown as under: -

Category No. of complaints pending at the beginning of F.Y. 2020-21 No. of complaints filed during the F.Y. 2020-21 No. of complaints pending as at the end of F.Y. 2020-21
Sexual Harassment

Nil

Nil

Nil

Acknowledgements

Your Directors place on record their sincere thanks to bankers business associatesinvestors customers suppliers consultants employees staff other executives andvarious government authorities for their continued support extended to your Company duringthe year. Your Directors also acknowledges gratefully the shareholders for theirrelentless support and confidence reposed on the Company.

For and on behalf of the Board of Directors
C.J. Gelatine Products Limited
Date: 14th August 2021 Jaspal Singh Jasneet Kaur
Place: Bhopal Managing Director Director
DIN: 01406945 DIN: 06995139

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