To the Members of
Chandra Prabhu International Ltd.
Your Directors are pleased to have this opportunity to report on Company's progressduring the year financial year 2019-20 and to submit the 35th Annual Report & AuditedFinancial Statements (Standalone & Consolidated) comprised of Balance Sheet as on 31stMarch 2020 and Profit & Loss Account for the period ended on 31st March2020.
(Rs. In Lakhs)
|Particulars ||Standalone ||Consolidated |
| ||2019-20 ||2018-19 ||2019-20* ||2018-19 |
|Turnover/ Income from operations ||11913.26 ||9042.46 || ||9112.73 |
|Other Income ||3.26 ||9.44 || ||9.91 |
|Profit/(Loss) before tax finance cost & depreciation ||357.37 ||534.45 || ||540.25 |
|Finance Cost ||77.21 ||87.57 || ||100.37 |
|Depreciation ||9.59 ||13.98 || ||20.115 |
|Exceptional items ( income) ||- 10.00 || || || |
|Profit/(Loss) before tax ||260.57 ||432.89 || ||419.76 |
|Current Tax ||45.88 ||86.76 || ||86.76 |
|Tax Adjustments for earlier years ||0.22 ||- ||NA || |
|Deferred Tax ||23.88 ||88.75 || ||83.06 |
|MAT Credit Entitlement ||- ||(86.49) || ||(86.49) |
|Other Adjustments ||- || || || |
|Profit/(Loss) After Tax ||190.59 ||343.87 || ||336.43 |
|Add/(Less):Other Comprehensive ||0.35 ||(0.40) || ||(0.40) |
|Income (net of taxes) || || || || |
|Total Comprehensive Income/ (Expenses) for the year ||190.94 ||343.47 || ||336.03 |
*Note: The wholly owned subsidiary of the Company i.e M/s Alsan Rubber & ChemicalsPrivate Limited ceased w.e.f 10/02/2020 and the accounts of the subsidiary has not beenconsolidated for the Financial Year ended 2019-20.
Keeping in view the current financial position and future working capital requirementsof the Company the Board has not recommended any dividend for the financial year endingon March 31 2020.
TRANSFER TO RESERVE
The closing balance of the retained earnings of the Company for FY 2020 after allappropriation and adjustments was Rs.96 376146(Rupees Nine Crores Sixty Three LakhSeventy Six Thousand One Hundred Fourty Six Only).
turnover during the year was Rs. 11913.26 lakhs as against Rs. 9042.46 lakhs in theprevious year indicating a increment of about 31.75 % over the last year. The year underreview resulted in Profit after Tax (PAT) attributable to shareholders of Rs. 190.59 lakhswhich was mainly due to increased turnover/sales of coal and agro commodities as comparedto Profit of Rs. 343.86 lakhs during the previous year. The management is optimistic onthe performance of the Company in future and a detailed discussion is provided underManagement discussion and analysis report.
On consolidated basis the only wholly owned subsidiary of the Company i.e M/s AlsanRubber & Chemicals Private Limited ceased w.e.f 10/02/2020 and accounts of thesubsidiary has not been consolidated for the financial year 2019-2020. Hence the revenuefrom operation for financial year 2019-2020 is Not Applicable.
HUMAN RESOURCE DEVELOPMENT
Human Resource is not only an integral part of any organisation but also strive itssuccess and growth. The Company believes that human resources are the key resources andintegral part the organisation and endeavours to create a culture of openness andempowerment amongst its employees and provide good carrier development.
Your Company believes in trust transparency & teamwork to improve employeesproductivity at all levels and is committed to the welfare of the employees and theirfamilies by putting review and reward system in place.
Chandra Prabhu International Ltd. is a well known name engaged mainly in the businessof trading of Coal Synthetic Rubber and Chemicals for last many years. Over the yearsChandra Prabhu International Ltd. has built a formidable reputation of being a completelyprofessionally managed Company where customer satisfaction is of paramount consideration.
The Covid-19 pandemic is redefining global health crisis of recent times and isspreading rapidly across the globe.
The bigger challenge is that it is not a mere health crisis and is having anunprecedented impact on Indian and global business environment. The Company has taken allnecessary measures in terms of mitigating impact of the challenges being faced in thebusiness due to the Covid-19 pandemic. The Company has also provided the facility to theemployees of functioning of operations the Corporate Office to Work from Home under the'work from home policy' as per the guidelines of the Government. Subsequently theCorporate office of the Company has resumed functioning with lower strength of staff bycomplying all the norms related to social distancing wearing of face Mask propersanitization and hygiene.
The revenues/ profitability of the Company are likely to be impacted more particularlyprofitability in view of closure of industries. The Company is closely monitoring theemerging situation arising out of COVID-19. It is neither possible to foresee the durationfor which this pandemic will last nor predict its course. Though we do hope that thebusiness situation should normalize to a large extent during 3rd and 4thquarter of 2020-21.There are certain impact on the Capital and Financial resource due toCOVID-19 however the Company is managing his operations by utilizing its availableresources and additional credit facilities from Company's Bankers. Though the cashposition is challenging with our arrangements limits and tight control over expenditurethe company will be able to serve its debt and other financing arrangement.
MATERIAL CHANGES AND COMMITMENTS IF ANY AFFECTING THE FINANCIAL POSITION OF THECOMPANY
There is no material changes noted and observed by the Board of the Company which haveoccurred between the close of the financial year on March 31 2020 to which the financialstatement relates and the date of this report except the wholly owned subsidiary of theCompany i.e M/s Alsan Rubber & Chemicals Private Limited ceased w.e.f 10/02/2020.Apart from writing off of some of its fixed assets amounting to Rs. 39434/-(Rupees ThirtyNine Thousand Four Hundred Thirty Four Only ).
CHANGE IN THE NATURE OF THE BUSINESS
During the period under review there is no change in the nature of the business of theCompany.
SUBSIDIARY AND ASSOCIATES COMPANIES
The Company had only one wholly owned subsidiary of the Company namely M/s. AlsanRubber & Chemicals Private Limited (CIN: U52100DL1995PTC068763) [ARCPL] which wasceased as on February 10 2020. ARCPL was mainly engaged in the business of trading ofrubbers. The Company had sold its investment in the wholly owned subsidiary and now as on31st March 2020 it is no more subsidiary of the Company.
There are no associate companies or joint venture companies within the meaning ofsection 2(6) of the Companies Act 2013 ("Act").
Pursuant to provisions of section 129(3) of the Act details regarding the aforesaidsubsidiary is annexed in the prescribed Form AOC-1 to this Report as 'Annexure I'
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to Section 134(5) of the Companies Act 2013 the board of directors to thebest of their knowledge and ability confirm that:
i) in the preparation of the annual accounts the applicable Indian accountingstandards had been 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 that period;
iii) they have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of this Act for safeguarding theassets of the company and for preventing and detecting fraud and other irregularities;
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 andsuch internal financial controls are adequate and operating effectively;
vi) they have devised proper systems to ensure compliance with the provisions of allapplicable laws and that such systems were adequate and operating effectively.
Based on the framework of internal financial controls and compliance systemsestablished and maintained by the Company work performed by the internal statutory andsecretarial auditors and external consultants and the reviews performed by management andthe relevant board committees including the audit committee the board is of the opinionthat the Company's internal financial controls were adequate and effective during thefinancial year 2019-20.
DIRECTORS & KEY MANAGERIAL PERSONNEL
In accordance with the provisions of Section 149 and 152 of the Companies Act 2013 andRules made there under as amended from time to time and Regulation 17 of the SEBI (LODR)Regulations 2015 Mr. Prakash Goyal Mr. Nishant Goyal and Mr. Jitendra Kumar Mishra wasappointed as independent director of the company. They have submitted a declaration thateach of them meets the criteria of independence as provided in section 149(6) of the Act& SEBI (LODR) Regulations 2015 and there has been no change in the circumstanceswhich may affect their status as independent director during the year.
During the Financial year 2019-20 there was no change in the Directorship. FurtherMr. Nishant Goyal resigned from the post of Independent Director of the company w.e.f 20thJune 2020.
KEY MANAGERIAL PERSONAL (KMP)
Mr. Gajraj Jain Chairman Cum Managing Director Mr. Amar Singh Chief FinancialOfficer Ms. Komal Company Secretary and Compliance Officer are the Key ManagerialPersonnel as per the provision of Section(s) 2(51) 203 of the Companies Act 2013 readwith the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014.
Further Mrs. Mansi Mehta resigned from the post of Company Secretary & ComplianceOfficer dated 2nd March 2020 and was relieved from the Company dated 25thMarch 2020 and the Company had appointed Ms. Komal as Company Secretary & ComplianceOfficer of the Company dated 20th June 2020.
DECLARATION GIVEN BY AN INDEPENDENT DIRECTOR(S) UNDER SECTION 149(6) OF THE COMPANIESACT 2013
Declaration given by the independent directors meeting the criteria of independence asprovided in section 149(6) of the Act & SEBI (LODR) Regulations 2015 has beenreceived and taken on record and there has been no change in the circumstances which mayaffect their status as independent director during the year.
NUMBER OF MEETINGS OF BOARD OF DIRECTORS
The Board of Directors of your Company met 9 (Nine) times during the Financial yearended March 31 2020 i.e. on 01 st April 2019 28th May 2019 08th August 2019 28thAugust 2019 11th October 2019 13th November 2019 13th January 2020 31st January2020 and 24th Feb 2020 respectively. The details of which are given in the CorporateGovernance Report. The intervening gap between the Meetings was within the periodprescribed under the Companies Act 2013 and Regulation 17(2) of the Listing obligations& Disclosure Requirements of SEBI.
MEETING OF INDEPENDENT DIRECTORS
During the financial year 2019-20 the meeting of Independent Director was held on 31stJanuary2020 to review the performance of Non Independent Director.
The gap between the Meetings was within the period prescribed under the Companies Act2013
The board of directors has carried out an annual evaluation of its own performanceboard committees and individual directors pursuant to the provisions of the Act and thecorporate governance requirements as prescribed by Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations 2015 ("SEBI ListingRegulations").
The performance of the board was evaluated by the board after seeking inputs from allthe directors on the basis of the criteria such as the board composition and structureeffectiveness of board processes information and functioning etc.
The performance of the committees was evaluated by the board after seeking inputs fromthe committee members on the basis of the criteria such as the composition of committeeseffectiveness of committee meetings etc.
The Board and the Nomination and Remuneration Committee ("NRC") reviewed theperformance of the individual directors on the basis of the criteria such as thecontribution of the individual director to the Board and committee meetings likepreparedness on the issues to be discussed meaningful and constructive contribution andinputs in meetings etc. In addition the Chairman was also evaluated on the key aspectsof his role.
In a separate meeting of independent directors performance of non-independentdirectors performance of the board as a whole and performance of the chairman wasevaluated taking into account the views of executive directors and non-executivedirectors. The same was discussed in the board meeting that followed the meeting of theindependent directors at which the performance of the board its committees andindividual directors was also discussed. Performance evaluation of independent directorswas done by the entire board excluding the independent director being evaluated.
The report on Corporate Governance as stipulated in SEBI (Listing Obligation andDisclosure Requirements) Regulations 2015 as integral part of this Annual Report.
COMPLIANCE WITH SECRETARIAL STANDARDS ON BOARD MEETING AND GENERAL MEETING
The Company has complied with Secretarial Standards issued by the Institute of CompanySecretaries of India on Board Meetings and General Meetings.
POLICY ON DIRECTORS' APPOINTMENT AND REMUNERATION AND OTHER DETAILS
The Company's policy on directors' appointment and remuneration and other mattersprovided in Section 178(3) of the Act has been disclosed in the corporate governancereport which forms part of the directors' report.
The board on recommendation of Nomination and Remuneration Committee approvedRemuneration Policy for Director KMP and Senior Management Employee are also available atthe website of the company i.e. www.cpil.com.
RISK MANAGEMENT POLICY
Effective risk management is essential to success and is an integral part of ourculture. While we need to accept a level of risk in achieving our goals sound riskmanagement helps us to make the most of each business opportunity and enables us to beresilient and respond decisively to the changing environment.
Our approach to risk management assists us in
identifying risks early and addressing them in ways that manage uncertainties minimizepotential hazards and maximize opportunities for the good of all our stakeholdersincluding shareholders customers suppliers regulators and employees. Risks can bebroadly classified as Strategic Operational Financial and Legal/Regulatory.
In accordance with the requirements of the Companies Act 2013 and SEBI (LODR)Regulations 2015the Company has adopted risk management policy approved by Board ofDirectors and established a risk management framework to identify mitigate and controlthe risk and threatens of risk.
INTERNAL CONTROL SYSTEMS
The Company's internal control systems are audited by B. Rattan and Associates. TheInternal Auditor independently evaluates the adequacy of internal controls and reviewsmajor transactions. The Internal Auditor reports directly to the Audit Committee to ensurecomplete independence.
Detailed composition of the mandatory Board Committees viz. Audit Committee Nominationand Remuneration Committee Stakeholder Relationship Committee and no. of meetings heldduring the year under review and other related details are set out in the CorporateGovernance Report which forms a part of this Report.
The role terms of reference authority and powers of the Audit Committee are inconformity with Section 177 of the Companies Act 2013 read with Regulation 18 of SEBI(Listing Obligations and Disclosure Requirement) Regulations 2015. The details of whichare given in the Corporate Governance Report. The Committee met periodically during theyear and had discussions with the auditors on internal control systems and internal auditreport.
NOMINATION & REMUNERATION COMMITTEE
The role terms of reference authority and powers of the Nomination & RemunerationCommittee are in conformity with Section 178 of the Companies Act 2013 read withRegulation 19 of SEBI (Listing Obligation & Disclosure Requirements) Regulations2015. The details of which are given in the Corporate Governance Report which forms a partof this Report.
STAKEHOLDER RELATIONSHIP COMMITTEE
The role terms of reference authority and powers of the Stakeholder RelationshipCommittee are in conformity with Section 178 of the Companies Act 2013 read withRegulation 20 of SEBI (Listing Obligation & Disclosure Requirements) Regulations2015. The details of which are given in the Corporate Governance Report which forms a partof this Report.
STATUTORY AUDITORS & THEIR REPORT
Pursuant to the provisions of section 139 of the Act and the rules framed there underthe company at its AGM held on 16th September 2017appointed M/s Mittal GargGupta & Co. Chartered Accountants as the statutory auditor for a term of 5 (Five)consecutive years from the conclusion of the 32nd annual general meeting uptothe conclusion of 37th annual general meeting to be held in the year2022subject to ratification of their appointment by members at every AGM if so requiredunder the act. The requirement to place the matter relating to appointment of auditors forratification by members at every AGM has been done away by the Companies (Amendment) Act2017 enforced on 7th May 2018 by the Ministry Of Corporate Affairs .Accordingly no resolution is being proposed for ratification of appointment of statutoryauditors at the ensuing AGM.
SECRETARIAL AUDITORS & THEIR REPORT:
In terms of Section 204 of the Companies Act 2013 and Rules framed there under and onthe recommendation of the Audit Committee the Board of Directors of the Company havevoluntarily appointed M/s. KKS & Associates Company Secretaries as the SecretarialAuditor of the Company for the financial year 2019-2020. The Company has received consentfrom M/s. KKS & Associates Company Secretaries for their appointment. Further hissecretarial audit report is annexed as Annexure-IV to this Report in prescribed Form MR-3.
Further in pursuant to Regulation 24A of SEBI (Listing Obligations and DisclosureRequirements) Regulations 2015 as amended vide SEBI Circular No. CIR/CFD/CMD1/27/2019dated February 08 2019 the Annual Secretarial Compliance Report for the Financial Yearended on March 31 2020 as issued by M/s. KKS & Associates Company Secretaries isalso available at BSE India.com and on the website of the Company i.e www.cpil.com.
M/S B. Rattan and Associates Chartered Accountant continue to be the Internal Auditorsof your company for the financial year 2019-20
QUALIFICATIONS IN AUDIT REPORTS
There is no qualification disclaimer reservation or adverse remark or disclaimer madeeither by the statutory auditors in his report and by the company secretary in practice(Secretarial Auditor) in his secretarial audit report.
FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION (12) OF SECTION 143 OTHER THAN THOSEWHICH ARE REPORTABLE TO THE CENTRAL GOVERNMENT
During the year under review there was no frauds reported by auditors undersub-section (12) of section 143 of the Companies Act 2013
DISCLOSURE REGARDING MAINTAINANCE OF COST RECORD
The Company is not required to maintain the cost record as specified by the CentralGovernment under sub-section (1) of section 148 of the Companies Act 2013.
The Company has improved tremendously from its last year performance and is optimisticto improve its overall performance with the existing trading portfolio of syntheticrubber Coal and agro products. And the company shall endeavor to capitalize further itstrading portfolio.
The Company's has also entered into business of all kinds of infrastructure projectsand is progressing steadily .Further management of the company is evaluating varioussuitable prospects. On successful implementation of future projects and on the strength ofits existing product portfolio operational efficiency and enhanced network themanagement on overall basis expects a robust growth and enhanced market share. The Boardexpects that the Company will continue to improve its overall performance and excel toenhance the profitability of the Company in the present economic scenario and hugepotential demand of these products in the Indian market via its strategy competencyoperational efficiencies and new line of activity on its successful implementation.
CONSOLIDATED FINANCIAL STATEMENT
In accordance with Section 129(3) of the Companies Act 2013 and Regulation 34(2) ofSEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 entered intowith the Stock Exchanges the consolidated Financial Statements of the Company includingthe financial detail of the subsidiary Company of the Company forms part of this AnnualReport .
Further note that the only subsidiary of the Company i.e M/s Alsan Securities andChemicals Private Limited ceased w.e.f 10th February 2020 and the account ofthe subsidiary for the F.Y 2019-20 has not been consolidated.
VIGIL MECHANISM /WHISTLE BLOWER POLICY
Pursuant to Section 177 of the Companies Act 2013 and Regulation 22 of the SEBI(Listing Obligations & Disclosure Requirements) Regulations 2015 the Board hasadopted vigil mechanism in the form of Whistle Blower Policy to deal with instances offraud or mismanagement if any. The Policy can be accessed at the website of the company.
RELATED PARTY TRANSACTIONS
All Related Party Transactions are placed before the Audit Committee and also theBoard/Members for their approval wherever necessary. The related party transactionsentered during the financial year were on an arm's length basis and were in the ordinarycourse of business.
Except the contracts/arrangements or transactions entered into by the Company with therelated parties referred to in sub section (1) of Section 188 of the Companies Act2013 during the course of business but which were not at arm's length basis .The detailsof the same are annexed herewith as "Annexure-II" in the prescribed Form AOC-2.
There were no materially significant related party transactions during the financialyear except with wholly owned subsidiary which was ceased on February 10 2020 asmentioned in AOC-2.
CORPORATE SOCIAL RESPONSIBILITY
The Company is not required to formulate Corporate Social Responsibility (CSR) Policyand Committee as it does not fulfill the criteria specified under Section 135 of theCompanies Act 2013.
PECUNIARY RELATIONSHIP OR TRANSACTIONS OF THE NON-EXECUTIVE DIRECTORS AND DISCLOSURESON THE REMUNERATION OF THE DIRECTORS
All pecuniary relationship or transactions of the non executive directors vis-a-vis thecompany along with criteria for such payments and disclosures on the remuneration ofdirectors along with their shareholding are disclosed Form MGT-9 which forms a part ofthis Report and Corporate Governance Report.
INTER SE RELATIONSHIPS BETWEEN THE DIRECTORS
There is no relationship between directors inter se during the Financial Year 2019-20.Except as on date there is inter se relation between Mr. Gajraj Jain Chairman CumManaging Director of the company who is the husband of Mrs. Hemlata Jain Woman Directorof the Company
The paid up Equity Share Capital as on March 31 2020 was Rs. 36980000/-. During theyear under review the Company has not issued any shares with differential voting rightsnor granted stock options nor sweat equity. As on March 31 2020 no other director holdsany share in the Company except Airs. Hemlata Jain Woman Director of the company holds1104822 (29.88%) Equity shares of the Company and Gajraj Jain in HUE Capacity holds181350(4.90%) Equity Shares.
The Company is providing e-voting facility to all members to enable them to cast theirvotes electronically on all resolutions set forth in the Notice. This is pursuant to ssection 108 of the Companies Act 2013 and Rule 20 of the Companies (Management andAdministration) Rules 2014 and Regulation 44 of SEBI (Listing Obligations &disclosure Requirements) Regulations 2015 read with the Ministry of Corporate AffairsGeneral Circular Nos. 14/2020 dated 8th April 202017/2020 dated 13thApril and 20/2020 dated 5th May 2020 2020 ('MCA Circulars') and also theCircular dated 12th May 2020 issued by the Securities and Exchange Board ofIndia ("SEBI Circular"). The instruction(s) for "remote e-voting" and"e-voting" during the AGM for ensuing Annual General Meeting is also providedwith notice to shareholders of this Annual Report.
EXTRACT OF ANNUAL RETURN
As required under Section 92 (3) read with Rule 12 of Companies (Management &Administration) Rules 2014 the extract of the Annual Return in the prescribed form MGT-9 is annexed herewith as "Annexure III".
Link of same also available on website of the company i.e www.cpil.com
PREVENTION OF INSIDER TRADING
The Company has adopted a Code of Conduct for Prevention of Insider Trading with a viewto regulate in securities by the Directors and designated employees of the Company. TheCode prohibits the purchase or sale of Company shares by the Directors and the designatedemployees while in possession of unpublished price sensitive information in relation tothe Company and during the period when the Trading Window is closed. The Code of Conductto regulate monitor and report Insider trading is uploaded on the Company's website:www.cpil.com
CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION FOREIGN EXCHANGE EARNINGS AND OUTGO
Information in respect to Conservation of Energy technology absorption foreignexchange earnings and outgo pursuant to Rule 8 of the Companies (Accounts) Rules 2014 isas follows:-
|a. Conservation of energy ||NIL || |
|b. Technology Absorption ||NIL ||(Rs.) |
|c. Foreign Exchange Earnings ||Current Year ||NIL |
| ||Previous Year ||NIL |
|d. Foreign Exchange Earning & Outgo || ||NIL |
|Foreign Exchange Earning || || || |
|1. Foreign Exchange Outgo || || || |
|i) Foreign Traveling Expenses ||Current Year ||Rs. ||NIL |
| ||Previous Year ||Rs. ||NIL |
|ii) CIF Value of Imports ||Current Year ||Rs. ||1003 Lakhs |
| ||Previous Year ||Rs. ||1039 Lakhs |
PARTICULARS EMPLOYEES PURSUANT TO SECTION 197 OF THE COMPANIES ACT 2013 READ WITH RULE5 (1) OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES 2014
The information required pursuant to Section 197 read with Rule 5 of The Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 and Companies(Particulars of Employees) Rules 1975 in respect of Managerial Personnel Directors andEmployees of the Company is furnished in Annexure V
During the year the Company has not received any Deposits from public covered underChapter V of the Companies Act 2013.
PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS
In terms of Section 134 (3) (g) towards inclusion of the details of particulars ofLoans Guarantees and Investments covered under the provisions of Section 186 of theCompanies Act 2013 & Rules made there under in this report the same are given in thenotes to the Financial Statements.
INVESTOR EDUCATION AND PROTECTION FUND
Pursuant to Section 124(5) of the Companies Act 2013 Unpaid Dividend amount of thecompany which remained unpaid or unclaimed for a period of seven years from the date ofsuch transfer has been transferred to the Investor Education and Protection Fund (IEPF)established under sub-section (1) of section 125. Member(s) who have not encash theirdividend warrants so far for the financial year ended March 31 2013 or any subsequentfinancial year are requested to make their claims to the office of the Registrar and ShareTransfer Agents i.e M/s Alankit Assignment Ltd 4E/2 Jhandewalan Extension NewDelhi-110055. The dividend for the financial year ended March 31 2013 will be transferredto the aforesaid account on or before November 29 2020.
DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMAN AT WORKPLACE (PREVENTION PROHIBITIONAND REDRESSAL) ACT 2013
In accordance with the provisions of the Sexual Harassment of Women at the Workplace(prevention Prohibition & Redressel) Act 2013 and the Rules framed there under forprevention and redressal of complaints of sexual harassment at workplace along with astructured reporting and redressal mechanism. The Company has complied with provisionsrelating to the constitution of Internal Complaints Committee under the said Act. Therewere no complaint regarding sexual harassment by any women employees (permanentcontractual temporary trainees) who are covered under this policy till the date of thisreport.
SIGNIFICANT MATERIAL ORDER PASSED BY REGULATORS OR COURT OR TRIBUNALS AGAINST THECOMPANY
During the period under review there was no material order passed by regulators orcourt or tribunals against the company.
COMPLIANCE WITH THE SEBI (LISTING OBLIGATIONS & DISCLOSURE REQUIREMENTS)REGULATIONS 2015
The company's equity shares continue to be listed on the Bombay Stock Exchange (BSE)Mumbai which has nationwide trading terminals. The company has paid the Annual ListingFees to BSE for the Financial Year 2019-2020.
Your Directors place on record their warm appreciation of the assistance andcooperation extended by various Government Departments Authorities and Business Partnersetc. Your Directors also place on record their deep appreciation of the support providedby the Bankers associated with the company.
Your company's employees are instrumental to your company achieving higher businessgoals. Your directors place on record their deep admiration of the commitment andcontribution of your company's employees. Your support as shareholders is greatly valued.Your directors thank you and look forward to your continuance support.
|For and on behalf of the board of directors || |
|Gurugram Gajraj Jain ||Prakash Goyal |
|August 07 2020 Chairman Cum Managing Director ||Director |
|DIN: 00049199 ||DIN: 02598736 |
|Corporate Identification Number (CIN): L51909DL1984PLC019441 || |
|Registered Office: 14 Rani Jhansi Road New Delhi-110055 || |
|Phone: 011-23516567 Fax: 91-11-23553698 || |
|Corporate Office: 522 Fifth Floor DLF Galleria || |
|Commercial Complex DLF City Phase IV || |
|Gurugram Haryana 122009 || |
|Email: firstname.lastname@example.org email@example.com Phone: +91-124-44754936 || |
|Website: www.cpil.com || |