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Cityman Ltd.

BSE: 521210 Sector: Industrials
NSE: N.A. ISIN Code: INE117C01010
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VOLUME 53
52-Week high 8.06
52-Week low 1.17
P/E
Mkt Cap.(Rs cr) 5
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Cityman Ltd. (CITYMAN) - Director Report

Company director report

Your Directors have pleasure in presenting the 28th Annual Report togetherwith audited statement of accounts for the year ended 31st March 2020

WORKING RESULTS

(Amount in Rs)

Particulars 31-03-2020 31-03-2019
Sales - 40635
Total Income - 40635
Profit before Interest Depreciation Tax (3278077) (3559851)
Items -
Finance Cost -
Depreciation and Amortization Expenses - -
Profit(Loss) before Tax (3278077) (3559851)
Provision for Tax - -
Profit (loss) after Tax (3278077) (3559851)
Surplus Balance brought forward (254489710) (250929859)
Surplus Balance carried to Balance Sheet (257767787) (254489710)

RESULT OF OPERATIONS THE STATE OF AFFAIRS AND FUTURE PLANS

The Company could not achieve much progress in the last year with respect to the landat Panangad Kerala. This was due to regulatory constraints which are yet to be resolved.Hence in the previous year there were no operations in the Company. As mentioned earlierthe land has been lying as stock in trade. The Company hopes to resolve these issues inabout two years and commence operations thereafter. The Company is also evaluating otherReal Estate projects and hopes to commence some of them early.

DIVIDEND:

Since the Company could not generate any profits your directors do not propose anydividend for the year under review DIRECTORS AND BOARD MEETING :

As on 31.03.2020 the Board consists of five directors out of which three areindependent directors and 2 promoter/ executive directors.

Santhosh Joseph Karimattom retire at the ensuing Annual General Meeting and beingeligible offer themselves for reappointment. Julian Santhosh who was appointed asadditional director also seeks reappointment at the ensuing Annual General Meeting.Resolution is also placed for seeking members approval for the reappointment of SanthoshJoseph Karimattom as Managing Director for a period of five years.

The Compensation and Nomination & Remuneration Committee has recommendedreappointment of both directors who is eligible for re appointment.

The management follows the procedure as specified in the ACT and LODR for appointmentand re appointment of directors . The assessment and appointment of members to the boardis done as per the rules and regulations.

The details of Board and Committee meetings are given in the Corporate GovernanceReport which forms part of the Annual Report DIRECTORS RESPONSIBILITY STATEMENT.

Directors hereby affirm that:

i) In the preparation of the annual accounts the applicable Accounting Standards havebeen followed along with proper explanation relating to material departures if any.

ii) We 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 loss ofthe Company for that period.

iii) We 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) We have prepared the annual accounts on a going concern basis.

v) We have laid down internal financial controls to be followed by the Company and thatsuch internal financial controls are adequate and are operating effectively.

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

SUSTAINABILITY REPORTING

Even though your Company is fundamentally committed to sustainable business and itfully stands for the principles of National Voluntary Guidelines on Social andResponsibilities of Business Since the operations were scanty no such reporting is beingdone.

CORPORATE GOVERNANCE AND COMPLIANCE CERTIFICATE:

The Company has complied with the requirements of Corporate Governance as stipulatedunder the Listing Regulations and accordingly the Corporate Governance Report forms apart of this Annual Report.

BUSINESS RESPONSIBILITY REPORT

The clause Regulation 34(2)(f) of the Listing Regulations the Business ResponsibilityReport of the Company for the year ended 31st March 2020 is not applicable to theCompany.

LISTING AGREEMENTS REQUIREMENTS:

The securities of your company are listed at BSE Limited Mumbai

POLICY ON DIRECTOR'S KMP & OTHER EMPLOYEES APPOINTMENT AND REMUNERATION

The Company has only three employees at present. The compensation is linked to thenature of job skill and knowledge required to perform the given job in order to achieveCompany's overall directive.

The Board has a remuneration policy in line with applicable rules and regulations. Butits scope was very limited during the year under review because the company has only verylimited employees. None of the directors including Managing Director was paid anyremuneration KMPs include Company Secretary and Chief Financial Officer.

DISCLOSURE OF REMUNERATION UNDER SECTION 197(12) OF THE COMPANIES ACT 2013 READ WITHRULE 5(1) OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES2014

The information required under section 197 (12)of the Act read with rule 5(1) of theCompanies (Appointment and Remuneration of Managerial Personnel) Rules 2014 are givenbelow:

(1) (i) the ratio of the remuneration of each director to the median remuneration ofthe employees of the company for the financial year: The Directors are not paid anyremuneration and so the ratio is not applicable

(ii) the percentage increase in remuneration of each director Chief Financial OfficerChief Executive Officer Company Secretary or Manager if any in the financial year: Thereis no increase in remuneration of CFO and CS and directors are not paid any remuneration

(iii) the percentage increase in the median remuneration of employees in the financialyear: NIL

(iv) the number of permanent employees on the rolls of company: Three

(v) average percentile increase already made in the salaries of employees other thanthe managerial 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; NotApplicable because there was no increase in the remuneration of employees and managerialremuneration.

(vi) the key parameters for any variable component of remuneration availed by thedirectors; Not applicable because directors are not paid any remuneration.

(vii) We hereby affirm that the remuneration is as per the remuneration policy of thecompany.

(2) (a)Name of every employees of the Company who-

(i) If employed throughout the financial year was in receipt of remuneration forthat year which in the aggregate was not less than one crore and two lakh: NIL

(ii) If employed for a part of the financial year was in receipt of remunerationfor any part of that year at a rate which in the aggregate was not less than 8.5 lakhrupees per month: NIL

(iii) If employed throughout the financial year or part thereof was in receipt ofremuneration in that year which in the aggregate or as the case may be at a rate whichin the aggregate is in excess of that drawn by the managing director or whole-timedirector or manager and holds by himself or along with his spouse and dependent childrennot less than two per cent of the equity shares of the company: NIL

AUDITORS

M/s NSVM & Associates Chartered Accountants (Firm Registration Number 010072S) whoare the Statutory Auditors of the Company have been appointed to hold office until theconclusion of the Thirtieth Annual General Meeting to be held in the year 2022.

PARTICULARS OF CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION FOREIGN EXCHANGE EARNINGSAND OUTGO

A Enerav Conservation

Steps taken or impact on conservation of energy Company's activities do not consume huge quantity of energy
Steps taken to utilize alternate source of energy Not applicable because not much energy is used for operation
Capital investment in energy conservation equipment NIL

B. Technology Absorption:

Effort made towards absorption of technology NA
Benefit derived like product improvement cost reduction product development or import substitution NIL
In the case of imported technology: a) The details of technology imported b) Year of Import c) Whether technology has been absorbed: Id) f not areas where absorption has taken place and reasons there of NA

C .Foreign Exchange Earnings & Outgo.

Particulars Amount(in Rs) for the current year Amount (in Rs) for the last year
Earnings Nil Nil
Out go Nil Nil

Other Disclosures

1. Extract of Annual Return relating to Financial Year to which the Boards' Reportrelates enclosed in format MGT 9. The same is available in the company web sitewww.citvman.co.in

2. There is no material changes / commitments affecting the financial position of thecompany occurring after the balance sheet date.

3. Even though the activities of the Company were very little and scope ofimplementation very limited during the year under review company has developed RiskManagement policy covering the following :

a) Financial risk management

The Company has a risk management policy which covers risks associated with thefinancial assets and liabilities. The risk management policy is approved by the Board ofDirectors. The focus of the risk management committee is to assess the unpredictability ofthe financial environment and to mitigate potential adverse effects on the financialperformance of the Company.

b) Market risk

Market risk is the risk that the fair value or future cash flows of a financialinstrument will fluctuate because of changes in market prices. Such changes in the valuesof financial instruments may result from changes in the foreign currency exchange ratesinterest rates credit liquidity and other market changes. The Company's exposure tomarket risk is primarily on account of foreign currency exchange rate risk.

c) Foreign currency exchange rate risk

The fluctuation in foreign currency exchange rates may have potential impact on thestatement of profit and loss and other comprehensive income and equity where anytransaction references more than one currency or where assets / liabilities aredenominated in a currency other than the functional currency of the Company.

4. Company has adequate internal financial control mechanism supported with rules andprocedures to be followed for each transactions/events Company has aligned its currentsystems of internal financial control with the requirement of Companies Act 2013. TheInternal Control is intended to increase transparency and accountability in anorganization's process of designing and implementing a system of internal control. Theframework requires a Company to identify and analyze risks and manage appropriateresponses. The Company has successfully laid down the framework and ensured itseffectiveness. The internal controls are commensurate with its size and the nature of itsoperations. These have been designed to provide reasonable assurance with regard torecording and providing reliable financial and operational information complying withapplicable statutes safeguarding assets from unauthorized use executing transactionswith proper authorization and ensuring compliance with corporate policies. Company has awell-defined delegation of power with authority limits for approving contracts as well asexpenditure. Processes for formulating and reviewing annual and long term business planshave been laid down. We use a state-of-the-art enterprise resource planning (ERP) systemthat connects all parts of the organization to record data for accounting consolidationand management information purposes. It has continued its efforts to align all itsprocesses and controls with global best practices. But during the year under review thescope of implementation was very limited

5. Disclosure in respect of voting rights not exercised directly by the employees inrespect of shares (as per Sec 67(3) of the Companies Act and Rule 16 of Companies( ShareCapital and Debenture) Rules 2014 : NA

6. No loan / guarantee or financial assistance were given .The company has not made aprovision of money for the purchase of or subscription for shares in the company.

7. Company does not have any subsidiary or associate companies or joint ventures.

8. The rules regarding Corporate Social Responsibility are not applicable to thecompany.

9. During the year the operations of the company were meager. But Vigil Mechanismcommensurate with the size and operations of the Company has been implemented. The Companyhas adopted a policy to provide a formal vigil mechanism to the Directors and employeesto report their concerns about unethical behavior actual or suspected fraud or violationof the Company's Code of Conduct or ethics policy. The Policy provides for adequatesafeguards against victimization of employees who avail of the mechanism and also providesfor direct access to the Chairperson of the Audit Committee. It is affirmed that nopersonnel of the Company has been denied access to the Audit Committee. The Board haspursuant to the provisions of Section 177(9) of the Companies Act 2013 read with Rule 7of the Companies (Meetings of Board and its Powers) Rules 2014 and the ListingRegulations framed ‘Whistle Blower Policy and Vigil Mechanism.

10. Company has not taken any deposit.

11. There is no change in the nature of business of the Company.

12. No orders were passed by the regulators Courts Tribunals impacting the goingconcern status and Company's operations in future.

13. There have been no significant material changes and commitments affecting thefinancial position of the Company which have occurred between the end of the financialyear and the date of this report.

14. During the year the following changes took place in the Board

i) Julian Santhosh was appointed additional director of the company with effect from13/11/2019. She belongs to the promoters group and is the woman director of the companyShe can hold office till the date of the Annual General Meeting . Resolution for herreappointment is given in the Notice for AGM.

ii) Santhosh Joseph Karimattom was reappointed as Managing director for a furtherperiod of five years . Resolution is placed to obtain members approval as required by thelaw.

iii) Rajendra Patel completed his term as independent director and vacated / resigned

iv) At the AGM held in the year 2019 Anup Kumar was reappointed as IndependentDirector

v) Annamma Joseph who was one of the promoters of the company resigned

vi) Mathai chacko wa appointed as Independent Director at the AGM held on 25th ofSeptember 2019 There are no other changes among Key Managerial personals during the yearunder review.

15. Company has not issued any equity shares with differential rights/ sweat equity/employee stock options plans.

16. Company has not bought back any shares.

17. There are no adverse in the report of remarks of Statutory auditors and SecretarialAuditor.

18. Company has not given any loans /guarantees or investments under section 186 of theCompanies Act.

19. There was no related party transactions as per Section 188 of the Act..Transactions are done at arm's length basis

20. Company does not have any women employee The Company has adopted a Policy onPrevention Prohibition and Redressal of Sexual Harassment at the Workplace in line withthe provisions of the Sexual Harassment of Women at Workplace (Prevention Prohibition andRedressal) Act 2013 and the Rules there under.

21. Pursuant to the provisions of Section 204 of the Act and The Companies (Appointmentand Remuneration of Managerial Personnel) Rules 2014 the Board of Directors of theCompany had appointed Mr. Krishnan Potty Jayaraj Company Secretary in Practice toundertake the Secretarial Audit of the Company for the year ended 31st March 2020. TheSecretarial Audit Report is given as Annexure and forms part of this report.

22. The company has implemented a policy to undertake formal annual evaluation of theperformance of directors / committees and individual directors . Since the activity andperformance of the company was very minimal in all fronts the scope of such evaluationwas very limited . The evaluation is being done as per the LODR.

23. The composition and other details of audit committee are reported in CorporateGovernance Report which report is given as annexure and forms part of this report. TheBoard has accepted all the recommendations of the audit committee.

24. The audit report of the company does not contain any adverse qualifications or anycomment on fraud.

ACKNOWLEDGEMENTS

The Board of Directors wish to place on record their appreciation for the co-operationand support received from all.

Place: Bengalure By Order of the Board
Date: 29th June2020 Santhosh Joseph Karimattom
Chairman & Managing Director
Julian Santhosh
Director

FORM NO. MGT 9

EXTRACT OF ANNUAL RETURN as on 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 & Administration) Rules 2014

I REGISTRATION & OTHER DETAILS:

i CIN L52322KA1992PLC013512
ii Registration Date 08/09/1992
iii Name of the Company CITYMAN LIMITED
iv Category/Sub-category of the Company Company Limited by shares/ Indian NonGovernment Company
V Address of the Registered office & contact details NO. 153 (OLD NO.43/35) 2ND FLOOR PROMENADE ROAD 2ND CROSS FRAZER TOWN BANGALORE - 560005
vi Whether listed company YES
vii Name Address & contact details of the Registrar & Transfer Agent if any. INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED NO-30 RAMANA RESIDENCY GR FLOOR 4TH CROSS SAMPIGE ROAD MALLESWARAM BANGALORE-560003

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 & Description of main products/services NIC Code of the product/Service % of total turnover of the company
NIL

 

III PARTICULARS OF HOLDING SUBSIDIARY & ASSOCIATE COMPANIES

SI No Name & Address of the Company CIN/GLN HOLDING/ SUBSIDIARY/ ASSOCIATE % OF SHARES HELD APPLICABLE SECTION
NIL

IV.SHAREHOLDING PATERN (Equity Share capital Break up as % to total Equity)

Category of Shareholders No. of Shares held at the beginning of the year - 01.04.2019 No. of Shares held at the end of the year - 31.03.2020 % change during the year
Demat Physical Total %of Total Shares Demat Physical Total %of Total Shares
A. Promoters
(1) Indian 8402132 - 8402132 71.81 8402132 - 8402132 71.81 -
a) Individual/HUF - - - - - - - - -
b) Central Govt or State Govt.
c) Bodies Corporates
d) Bank/FI - - - - - - - - -
e) Any other . - - - - - - - -
SUB TOTAL:(A) (D 8402132 8402132 71.81 8402132 8402132 71.81
(2) Foreign - - -
a) NRI- Individuals - - - - - - - - -
b) Other Individuals
c) Bodies Corp. . . . . . . . .
d) Banks/FI - - - - - - - - -
e) Any other... - - - - - - - - -
SUB TOTAL (A) (2) .
Total Shareholding of Promoter (A)= (A)(1)+(A)(2) 8402132 8402132 71.81 8402132 8402132 71.81
B. PUBLIC SHAREHOLDING
(1) Institutions
a) Mutual Funds - 2000 2000 0.02 - 2000 2000 0.02 -
b) Banks/FI - - - - - - - - -
C) Cenntral govt - - - - - - - - -
d) State Govt. - - - - - - - - -
e) Venture Capital Fund
f) Insurance Companies
g) FIIS - - - - - - - - -
h) Foreign Venture Capital Funds
i) Others (specify) - - - - - - - - -
SUB TOTAL (B)(1): 2000 2000 0.02 2000 2000 0.02 .
(2) Non Institutions
a) Bodies corporates
i) Indian 38780 324500 363280 3.10 37880 324500 362380 3.10 -
ii) Overseas - - - - - - - -
b) Individuals
i) Individual shareholders holding nominal share capital upto Rs.1 lakhs 550612 1553400 2104012 17.98 562312 1542100 2104412 17.98
ii) Individuals shareholders holding nominal share capital in excess of Rs. 1 lakhs 173632 211400 385032 3.29 173632 211400 385032 3.29
c) Others (specify)
NRI 117143 327300 444443 3.80 117643 327300 444943 3.80 .
Clearing Member 200 - 200 0.00 - - - 0.00 -
Trust 1 - 1 0.00 201 - 201 0.00 -
SUB TOTAL (B)(2): 880368 2416600 3296968 28.17 891668 2405300 3296968 28.17 .
Total Public Shareholding (B)= (B)(1)+(B)(2) 880368 2418600 3298968 28.19 891668 2407300 3298968 28.19
C. Shares held by Custodian for GDRs & ADRs
Grand Total (A+B+C) 9282500 2418600 11701100 100.00 9293800 2407300 1170110( 100.00

(ii) SHARE HOLDING OF PROMOTERS

SI Shareholders Name

Shareholding at the beginning of the year - 01.04.2019

Shareholding at the end of the year - 31.03.2020

% change in share holding during the year
No. No of shares % of total shares of the company %of shares pledged encumber ed to total shares No of shares % of total shares of the company %of shares pledged encumber ed to total shares
1 ANNAMMA JOSEPH 225668 1.93 - 225668 1.93 - -
2 EMMANUEL PALLATH 4500 0.04 - 4500 0.04 - -
3 JOHN SAJAN 500 0.00 - 500 0.00 - -
4 JOSEPH SAJAN 500 0.00 - 500 0.00 - -
5 JULIAN SANTHOSH 228675 1.95 - 228675 1.95 - -
6 SAJANI TOBY 10 0.00 - 10 0.00 - -
7 SANTHOSH J K 7720312 65.98 - 7720312 65.98 - -
8 SOBHA SAJAN 221667 1.89 - 221667 1.89 - -
9 ZENA EMMANUEL PALLATH 300 0.00 300 0.00
Total 8402132 71.81 - 8402132 71.81 - -

(iii) CHANGE IN PROMOTERS' SHAREHOLDING (SPECIFY IF THERE IS NO CHANGE)

SI. No. Shareholders Name Share holding beginning Year- 01 ding at the of the .04.2019 Date Increase/Decrease in Share Holding Reason

Cumulative Share holding during the year- 31.03.2020

Reason

No. of Shares % of total shares of the company No of shares % of total shares of the company
1 ANNAMMA JOSEPH 225668 1.93 - - - 225668 1.93 -
2 EMMANUEL PALLATH 4500 0.04 - - - 4500 0.04 -
3 JOHN SAJAN 500 0.00 - - - 500 0 -
4 JOSEPH SAJAN 500 0.00 - - - 500 0 -
5 JULIAN SANTHOSH 228675 1.95 - - - 228675 0 -
6 SAJANI TOBY 10 0.00 - - - 10 0 -
7 SANTHOSH J K 7720312 65.98 - - - 7720312 0 -
8 SOBHA SAJAN 221667 1.89 - - - 221667 0 -
9 ZENA EMMANUEL PALLATH 300 0.00 - - - 300 0 -

(iv) SHAREHOLDING PATTERN OF TOP TEN SHAREHOLDERS (OTHER THAN DIRECTORS PROMOTERS ANDHOLDERS OF GDRs and ADRs):

SHAREHOLDING AT THE BEGINNING OF THE YEAR-01.04.2019 CUMULATIVE SHAREHOLDING DURING THE YEAR - 31.03.2020
SL NO NAME OF THE SHARE HOLDER No. of Shares % of Total Shares of the Company Date Increase /Decries in Share Holding Reason No Of Shares % of Total Shares of the Company
1 CONSENT OVERSEAS INVESTMENTS PVT LTD 285000 2.44 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020 285000 2.44
2 KV THOMAS 116500 1.00 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020 116500 1.00
3 THOMAS VARGHESE. 90000 0.77 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020 90000 0.77
4 NIDHI JOSE 56826 0.49 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020 56826 0.49
5 SHRIRAM SODHANI 50000 0.43 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020 50000 0.43
6 VT JOHN 21300 0.18 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020 21300 0.18
7 SANJAYKUMA R SARAWAGI 19660 0.17 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020 19660 0.17
8 KRISHNABEN KRITIKUMAR TANNA 18202 0.16 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020 18202 0.16
9 AARYA M S 17000 0.15 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020 17000 0.15
10 PARAS SURI 16200 0.14 01.04.2019

NO MOVEMENT DURING THE YEAR

31.03.2020

16200 0.14

Shareholding of Directors and Key Managerial Personnel:

SN Shareholding of each Directors and each Key Managerial Personnel NAME Santhosh Joseph Karimattom Shareholding at the beginning of the year Cumulative Shareholding during the year
No. of shares % of total shares of the company No. of shares % of total shares of the company
At the beginning of the year 7720312 65.98 7720312 65.98
Date wise Increase / Decrease - -
At the end of the year 7720312 65.98 7720312 65.98

Shareholding of Directors and Key Managerial Personnel:

SN Shareholding of each Directors and each Key Managerial Personnel Shareholding at the beginning of the year Cumulative Shareholding during the year
NAME Julian Santhosh No. of shares % of total shares of the company No. of shares % of total shares of the company
At the beginning of the year 228675 1.95 228675 1.95
Date wise Increase / Decrease - - - -
At the end of the year 228675 1.95 228675 1.95

Shareholding of Directors and Key Managerial Personnel:

SN Shareholding of each Directors and each Key Managerial Personnel NAME T N Sajeevan Shareholding at the beginning of the year Cumulative Shareholding during the year
No. of shares % of total shares of the company No. of shares % of total shares of the company
At the beginning of the year 100 - 100 -
Date wise Increase / Decrease
At the end of the year 100 - 100 -

V. INDEBTEDNESS -Indebtedness of the Company including interest outstandinq/accruedbut not due for payment.

Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtedness
Indebtedness at the beginning of the financial year
i) Principal Amount NIL 153748035 NIL 153748035
ii) Interest due but not paid NIL NIL NIL NIL
iii) Interest accrued but not due NIL NIL NIL NIL
Total (i+ii+iii) NIL 153748035 NIL 153748035
Change in Indebtedness during the financial year NIL NIL NIL NIL
* Addition NIL 3189681 NIL 3189681
* Reduction NIL NIL
Net Change NIL 156937716 NIL 156937716
Indebtedness at the end of the financial year
i) Principal Amount NIL 156937716 NIL 156937716
ii) Interest due but not paid NIL NIL NIL NIL
iii) Interest accrued but not due NIL NIL NIL NIL
Total (i+ii+iii) NIL 156937716 NIL 156937716

vi. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL-

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

SN. Particulars of Remuneration Name of MD/WTD/ Manager Total Amount
Santhosh Joseph Karimattom
1 Gross salary NIL
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act 1961 NIL
(b) Value of perguisites u/s 17(2) Income-tax Act 1961 NIL
(c) Profits in lieu of salary under section 17(3) Income- tax Act 1961 NIL
2 Stock Option NIL
3 Sweat Equity NIL
4 Commission - as % of profit - others specify... NIL
5 Others please specify NIL
Total (A) NIL
Ceiling as per the Act NA (no profit)

B. Remuneration to other directors

SN. Particulars of Remuneration Name of Directors Total Amount
Rajendra Patel Anup Kumar Annamma Joseph Chettupuzhakaran Francis Joe Julian Santhosh Mathai Chacko
1 Independent Directors

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Fee for attending board committee meetings

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Commission

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Others please specify

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Total (1)

NIL

NIL

NIL

NIL

NIL

NIL

NIL
2 Other Non-Executive Directors

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Fee for attending board committee meetings

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Commission

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Others please specify

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Total (2)

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Total (B)=(1+2)

NIL

NIL

NIL

NIL

NIL

NIL

NIL
Total Managerial Remuneration NIL

NIL

NIL

NIL

NIL

NIL

NIL

Overall Ceiling as per the Act NA

NA

NA

NA

NA

NA

NA

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD

SN Particulars of Remuneration

Key Managerial Personnel

CEO CS CFO Total
1 Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act 1961 180000 672000 852000
(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 180000 672000 852000

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 NIL NIL NIL NIL NIL
Punishment NIL NIL NIL NIL NIL
Compounding NIL NIL NIL NIL NIL
B. DIRECTORS
Penalty NIL NIL NIL NIL NIL
Punishment NIL NIL NIL NIL NIL
Compounding NIL NIL NIL NIL NIL
C. OTHER OFFICERS IN DEFAULT
Penalty NIL NIL NIL NIL NIL
Punishment NIL NIL NIL NIL NIL
Compounding NIL NIL NIL NIL NIL

.