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Ekam Leasing And Finance Co Ltd.

BSE: 530581 Sector: Financials
NSE: N.A. ISIN Code: INE906L01025
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P/E 32.90
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OPEN 6.91
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VOLUME 521
52-Week high 10.73
52-Week low 3.76
P/E 32.90
Mkt Cap.(Rs cr) 4
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Ekam Leasing And Finance Co Ltd. (EKAMLEASING) - Director Report

Company director report

To

The Members

Ekam Leasing and Finance Co. Limited

Your Directors are pleased to have this opportunity to present the 28 Annual Report ofthe Company together with the

Standalone and Consolidated Audited Financial Statements of the Company for the yearended March 31 2021.

1. FINANCIAL HIGHLIGHTS

Standalone Consolidated
Particular 2020-21 2019-20 2020-21 2019-20
Revenue from operations 48.67 42.98 48.67 42.98
Other Income 0.23 64.74 3.54 8.29
Total Expenditure 42.03 155.79 27.72 144.35
Profit / (Loss) before Tax & Provision for NPA 6.87 (48.05) 24.49 (31.21)
Provision for Tax (11.69) (0.15) (6.44) 4.39
Net Profit / (Loss) 18.56 (47.90) 30.93 (35.60)
Surplus/Deficit brought forward from previous year (12.23) 3567 147.01 182.61
Surplus/Deficit carried over to Balance Sheet 2.62 (12.23) 174.22 147.01

2. COVID-19

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 healthcrisis and is having an unprecedented impact on Indian and global business environment.The Company has taken all necessary measures in terms of mitigating impact of thechallenges being faced in the business due to the Covid-19 pandemic. The Company has alsoprovided the facility to the employees of functioning of operations the Corporate Officeto Work from Home under the 'work from home policy' as per the guidelines of theGovernment. Subsequently the Corporate office of the Company has resumed functioning withlower strength of staff by complying all the norms related to social distancing wearingof face Mask proper sanitization and hygiene.

COVID-19 is an unprecedented challenge. The lockdown gave India time to make aconcerted effort to flatten the outbreak curve towards the end of the first quarter afterwhich the demand picked up due to opening of the economic activities across the nation.During this difficult year the Company ensured sufficient liquidity on hand unused banklines to meet its liabilities as and when they fall due.

Your company has considered possible effects that has been impacted due toCOVID–19 in the preparation of Audited Annual Accounts for 2020-21. Revenue andtrading affected due to lockdown declared by appropriate Government but with graduallifting of lockdown in phased manner Revenue and trading picked up gradually as a resultoverall performance improved.

3. DIVIDEND

Keeping in view of the nominal increase in profits during the year and the requirementof funds for future business

operations the board has not recommended any dividend for the financial year ended31st march 2021.

4. TRANSFER TO RESERVE

During the Year under Review the Company transferred Rs. 3.72 Lacs to Statutory Reserveunder section 45 –IC of the Reserve Bank of India Act 1934. The standalone reserve(made up of Statutory Resrve/ Retaned earning/Securities Premium and other comprehenciveIncome) as on March 31 2021 stood at Rs. 10.68 Lacs and

Consolidated Reserve stood at Rs. 518.89 Lacs.

5. COMPANY'S PERFORMANCE

The Income from operations during the year has been Rs. 48.67 Lacs approx. as againstRs. 42.98 Lacs approx. in the previous year. The financial year under review resulted inNet Profit of Rs. 18.56 Lacs approx. as compared to Net loss of Rs. 47.90 Lacs in theprevious year. The management is optimistic on the performance of the Company in futureand a detailed discussion is provided under Manag ement Discussion and Analysis Report.

On consolidated basis revenue from operations for F.Y 2020-21 is Rs. 48.67 as againstRs 42.98 Lakh in the previous year indicating a increase of about 13.26 % over the lastyear.

6 . HUMAN RESOURCE DEVELOPMENT

Human Resource is not only an integral part of any organization but also strive itssuccess and growth. The Company believes that human resources are the key resources andintegral part of the organization and endeavors 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.

7. MATERIAL CHANGES AND COMMITMENTS IF ANY AFFECTING THE FINANCIAL POSITION OFTHE COMPANY

There is no material change noted and observed by the board of the company which haveoccurred between the close

of the financial year March 31 2021 to which the financial statement relates and thedate of this report.

SUBSIDIARIES

During the year under review the Company has three wholly owned subsidiaries and oneassociate namely:-

1. M/s. S &S Balajee Mercantile Pvt. Ltd. (CIN: U51109DL1993PTC052329) was incorporated to carry on the business of dealing and trading in all kinds of essentialcommodities/Machinery etc earned Profit of Rs. 4.78 lacs as compared to Profit of Rs.4.87 lacs in previous year.

2. M/s. Jet Air Securities Pvt. Ltd. (CIN: U74899DL1995PTC069004) is mainlyengaged in the business of dealing in securities earned Profit of Rs. 1.87 lacs ascompared to Profit of Rs. 1.65 lacs in previous year.

3. M/s. Rex Overseas Private Limited (CIN: U74899DL1988PTC03251) isengage into the business of import export and all deal in all kind of securities earnedProfit of Rs. 5.71 lacs as compared to Profit of Rs. 6.71 lacs in theprevious year.

A Report on all the performance & financial position of the companies and itssubsidiaries & associates is annexed in the prescribed Form AOC-1 to thisreport as Annexure-I.

9. 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 accounting standards hadbeen followed along with proper explanation relating to material departures;

I. 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 2020-21.

10. DECLARATION FROM INDEPENDENT DIRECTORS

The Company has received declarations from all the Independent Director stating thatthey meet with the criteria of

Independence as prescribed under sub-section (6) of Section 149 of the Companies Act2013.

11. REGISTRATION WITH RBI

The Company being a Non-Banking Finance Company (NBFC) and is registered with theReserve Bank of India

(RBI) with RBI Registration No 14-00332.

12. RBI GUIDELINES

The Company is complying with all the applicable guidelines/directions of the ReserveBank of India for Non Banking Finance Company pursuant to Non-Banking Financial (Non -Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions 2015and Master direction Non Banking Finacial Company-Non Systematically Important Non Deposittaking company (Reserve Bank) Direction 2016 Master Direction- Non-Banking FinancialCompany Returns (Reserve Bank) Directions 2016 the particulars as applicable to theCompany are appended to the Balance Sheet.

13. THE RBI NORMS AND ACCOUNTING STANDARDS

The company continues to comply with the directives and accounting standard as well asthe norms prescribed by

Reserve Bank of India for NBFCs for the financial year 2020-21.

14. 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 2015During the Year under review there was no change in Director & KMPexcept:

Mr. Prakash Goyal Independent Director of the Company ceased from the directorship dueto demise dated May 01 2021 and the Board of Directors of the Company had appointedMr.Astik Mani Tripathi as Additional Director (Non –Executive Independent) of theCompany dated May 15 2021

Mr. Astik Mani Tripathi was appointed as independent director of the company. They havesubmitted a declaration that each of them meets the criteria of independence as providedin section 149(6) of the Act &SEBI (LODR) Regulations 2015 and there has been nochange in the circumstances which may affect their status as independent director duringthe year.

Further more Mrs. Mamta Jain Women Director of the Company ceased from the directorshipdue to demise dated May 25 2021 and the board of Director of the company had appointedMrs. Vandana Singh as Additional Director (Non-Executice Non- Independent)of the Companydated June 1 2021 who further resigned from the post of additional Women Director of theCompany dated August 12 2021.

The Company has received declarations from all the Directors confirming that they arenot disqualified/ debarred from being appointed/ reappointed as Director.

Mr. Krishan Kumar Didwaniya Chief Fiancial Officer of the Company has resigned for theposition dated 02 December 2020

In accordance with the provision of Section 203 of the Companies Act 2013 read withrule 9 of Companies

(Appointment & Remuneration of Managerial Personnel) Rule 2014 and SEBI (LODR)Regulations 2015 Mr. Amit Kumar Khetan Chief Financial Officer of the Company appointedwith effect from 01 June 2021 on such terms & Condition and remuneration as providedin the letter of appointment.

15. NUMBER OF MEETINGS OF BOARD OF DIRECTORS

The Board of Directors of your Company during the period under review i.e. Financialyear ended March 31 2021 met 5 (five) times on 29 June 2020 24 August 2020 31August 2020 11 November 2020 and 13 February 2021. The details of which are given inthe Corporate Governance Report. The intervening gap between the Meetings was within theperiod prescribed under the Companies Act 2013 and as per SEBI (Listing Obligations &Disclosure Requirement) Regulations 2015.

MEETING OF INDEPENDENT DIRECTORS

During the financial year 2020-21 the meeting of Independent Director was held on 13February 2021 to review the performance of Non Independent Director. The IndependentDirectors reviewed the performance of non-independent directors and the Board as a wholethe performance of the Chairman of the Company taking into account the views of ExecutiveDirectors and Non-Executive Directors and assessed the quality quantity and timeliness offlow of information between the Company Management and the Board that is necessary for theBoard to effectively and reasonably perform their duties.

16. BOARD EVALUATION

The board of directors has carried out an annual evaluation of its own performanceBoard committees and individual directors pursuant to the provisions of the Companies Act2013 and the corporate governance requirements as prescribed under SEBI (ListingObligation and Disclosure Requirements) Regulations 2015.

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 directors to the Board and committee meetings likepreparing 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.

The above criteria are broadly based on the Guidance Note on Board Evaluation issued bythe Securities and

Exchange Board of India on January 5 2017.

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.

17. KEY MANAGERIAL PERSONNAL(KMP)

Mr. Rakesh Jain Managing Director and Mr. Amit Kumar Khetan Chief Financial OfficerMs. Mahak Company Secretary of the Company are the Key Managerial Personnal as per theprovision of Section(s) 2(51) 203 of the Companies Act 2013 read w i t h t h e C o m p an i e s ( A p p o i n t m e n t a n d Remuneration of Managerial Personnel) Rules 2014.

Ms. Komal resigned from the position of Company Secretary dated 16 June 2020. Ms.Mahak has been appointed for the post of Company Secretary dated 31 August 2020.

Mr. Krishan Kumar Didwaniya Chief Fiancial Officer of the Company has resigned for theposition dated 02 December 2020

Further In accordance with the provision of Section 203 of the Companies Act 2013 readwith rule 9 of Companies (Appointment & Remuneration of Managerial Personnel) Rule2014 and SEBI (LODR) Regulations 2015 Mr. Amit Kumar Khetan Chief Financial Officer ofthe Company with effect from 01 June 2021 on such terms & Condition and remunerationas provided in the letter of appointment.

18. CORPORATE GOVERNANCE

The report on Corporate Governance and Management Discussion and Analysis Report asstipulated in SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 asintegral part of this Annual Report along with the required Certificate from PracticingCompany Secretary regarding compliance of the conditions of Corporate Governance asstipulated.

In compliance with Corporate Governance requirements as per the SEBI ListingRegulations your Company has formulated and implemented a Code of Conduct for all Boardmembers and senior management personnel of the Company who have affirmed the compliancethereto.

19. 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.

20. POLICY ON DIRECTOR'S 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 the recommendation ofNomination and Remuneration Committee approved remuneration policy for Directors KeyManagerial Personnel and Senior Management Employee the link of the policy is alsoavailable at the website www.ekamleasing.comof the Company.

21. 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 addressingthem in ways that manage uncertainties minimize potential hazards and maximizeopportunities for the good of all our stakeholders including shareholders customerssuppliers regulators and employees. Risks can be broadly classified as StrategicOperational Financial and Legal/Regulatory.

In accordance with the requirements of the Companies Act 2013 and SEBI (ListingObligations and Disclosure Requirements) Regulations 2015 Company has adopted riskmanagement policy approved by Board of Directors and established a risk managementframework to identify mitigate and control the risk and threatens of risk.

22. 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.

23. INTERNAL CONTROL SYSTEMS

The Company has an internal control system commensurate with the size scale andcomplexity of its operations. To maintain its objectivity and independence the InternalAudit function reports to the Chairman of the Audit Committee of the Board.

The Internal Auditor as appointed by the company monitors and evaluates the efficacyand adequacy of internal control systems in the Company. Based on the report of internalauditor process owners undertake corrective action in their respective areas and therebystrengthen the controls. Significant audit observations and corrective actions thereon arepresented to the Audit Committee of the Board.

24. BOARD COMMITTEES

D e t a i l e d c o m p o s i t i o n o f t h e mandator y Board Committees viz. AuditCommittee Nomination and Remuneration Committee Stakeholder Relationship Committee andnumber of meetings held during the year under review and other related details are set outin the Corporate Governance Report which forms a part of this Report.

AUDIT COMMITTEE

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.

25. AUDITORS

STATUTORY AUDITORS & THEIR REPORT

Pursuant to the provisions of section 139 of the Act and the rules framed thereafter M/sDoogar& Associates Chartered Accountants (Firm registration No.000561N)considered for appointment as the Statutory Auidtors in the board meeting held on 10August 2017. Further based on recommendation of Audit Committee the board has appointed M/sDoogar& Associates Chartered Accountants as statutory auditors of the Companyfrom the conclusion of the 24 annual general meeting (AGM) of the Company till theconclusion of the 29 AGM whose appointment is being recommend by the Board through noticeconvening 24 AGM for approval of members.

 

In accordance with the Companies (Amendment) Act 2017 enforced on 7 May 2018 by theministry of Corporate Affiars the appointment of statutory auditor is not required to beratified at every Annual General Meeting.

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 theSecretarial Auditor of the Company for the financial year 2020-21. The Company hasreceived consent from M/s. KKS & Associates Company Secretaries for theirappointment and the Secretarial Audit Report given by them is annexed as Annexure-Vto 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 2021 as issued by M/s. KKS & Associates Company Secretaries isalso available at BSE India.com.

INTERNAL AUDITOR

M/S B. Rattan and Associates Chartered Accountant was continued to be the InternalAuditors of your company for the financial year 20-21.

However M/S ACG & Co. Chartered Accountant was appointed as an Internal Auditor ofthe Company for the Fiancial Year 21-22 dated 12 August 2021.

26. AUDITORS' REPORTS

There is no qualification disclaimer reservation or adverse remark or disclaimer madeby the statutory auditors in his standalone Report.

However on Consoliated Financial Statements the Statutory Auditors have followingobservations with regard to two Subsidaries namely Jet Air Securities Private Limited andRex Overseas Private limited

 

"In our Opinion and based on the information and explanations given to us by themanagement in repect of two subsidiaries (Jet Air Securities Private Limited and RexOverseas Private limited) are required to get registered with Reserve Bank of India as aNon-Banking Finance Company under Setion 45-IA of the Reserve Bank of India Act 1934based on their business activity (50:50 test).

Management Reply: The main objects and activities of the two subsidiaries (Jet AirSecurities Private Limited and Rex Overseas Private limited) are mainly trading insecurities and general merchandise respectively but due to outbreak of covet-19 pandemicthe activities as planned by the management could not be implemented and therefore norevenue generated from the main activities during the current financial year and hainginterest income from Loan given to Holding Company and third parties the said twosubsidiary companies qualified business activity (50:50 test) and accordingly auditorsopined that the said subsidiaries are required to get registered with Reserve Bank ofIndia as a Non-Banking Finance Company under Setion 45-IA of the Reserve Bank of IndiaAct 1934.

However it is neither intended nor required to carry on the busniees of NBFC by thesecompanies and the Management is confident that in the next financial year significantrevenue from main activities shall be generated and therefore both the Companies willautomatically will be outside the criteria of business activity(50:50 test.)

Furthermore The Secretarial Auditors Report (MR-3) obtained from the Company Secretaryin Practice has no qualification disclaimer reservation or adverse remark.

28. FUTURE PROSPECTS

The Management is exploring and evaluating various business models for implementationin order to enhance the turnover of the company and is very optimistic and aggressivelyfocusing on to exploit the opportunities available to NBFC in India. The Board expectsthat the Company will successfully implement suaitable business models in the comingfinancial year to improve the overall performance and enhance the profitability of theCompany.

The management further expects that in the present economic scenario the Company viaits strategy competency operational efficiencies and successful implementation of itsnew business models will yield some results in the years to come and create value to itsstakeholders.

The detailed future prospects are given in the Management Discussion and AnalysisReport is attached to this Report as Annexure-I.

29. CONSOLIDATED FINANCIAL STATEMENT

In accordance with Section 129(3) of the Companies Act 2013 and as per SEBI (ListingObligations and Disclosure Requirements) Regulations 2015 the Consolidated FinancialStatements of the Company including the financial details of its subsidiaries associatesforms part of this Annual Report .The Consolidated Financial Statements have been preparedin accordance with the applicable Accounting Standards issued by the Institute ofChartered Accountants of India.

30. VIGIL MECHANISM /WHISTLE BLOWER POLICY

Pursuant to Section 177 of the Companies Act 2013 and regulation 22 of SEBI (ListingObligations and Disclosure Requirements) Regulations 2015 the Board has adopted vigilmechanism in the form of Whistle Blower Policy to deal with instances of fraud ormismanagement if any. The Policy can be accessed at the website of the company atwww.ekamleasing.com.

31. RELATED PARTY TRANSACTIONS

The Company has developed a Related Party Transactions policy for purpose ofidentification and monitoring of such transactions. The policy on Related PartyTransactions approved by the Board is uploaded on the Company's website.

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. The details of 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 and associate as mentioned in AOC-2.

32. PECUNIARY RELATIONSHIP OR TRANSACTIONS OF THE NON-EXECUTIVE DIRECTORS

AND DISCLOSURES ON 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.

33. INTER SE RELATIONSHIPS BETWEEN THE DIRECTORS

Mr. Rakesh Jain Managing Director of the Company is Husband of Mrs. Mamta Jain WomenDirector of the Company. However Mrs. Mamta Jain Women Director of the Company ceased fromthe directorship due to demise dated May 25 2021 so as on date None of the Director isrelated to each other.

34. SHARE CAPITAL

The paid up Equity Share Capital as on March 31 2021 was Rs. 30000000/-.Divided into shares 6000000 lakh equity share of Rs 5\- each. During the year under review thereis no change and Company has not issued any shares with differential voting rights norgranted stock options nor sweat equity. As on March 31 2021 Mr. Rakesh Jain ManagingDirector holds 778000 Equity Shares (12.96%) and Mr. Prakash Goyal Director holds23000 Equity Shares (0.38%) respectively in the Company.

35. E-VOTING

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 tosection 108 of the Companies Act 2013 and Rule 20 of the Companies (Management andAdministration) Rules 2014 and Regulation 44(2) of the SEBI (Listing Obligations andDisclosure requirements) Regulations 2015. To comply with the requirements of CompaniesAct 2013. The instruction(s) for e-voting for ensuing Annual General Meeting is alsoprovided with notice to shareholders of this Annual Report.

E-voting facility of our company will remain open from Friday 24.09.2021 9:00 a.m.till Sunday 26.09.2021 5:00 p.m.

36. LISTING

The equity shares of the Company continue to remain Listed on Bombay Stock ExchangeLimited.

37. 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 IV" and the Link of the Form MGT-9 alsoavailable at the website www.ekamleasing.com of the Company.

38. PARTICULARS AS PER SECTION 134 OF THE COMPANIES ACT 2013

Your company does not have any employee whose particulars are required to be givenunder the provision of Section

134 of The Companies Act 2013 read with the Companies (Accounts) Rules 2014.

Disclosure with respect to Conservation of Energy Technology Absorption & ForeignExchange Earning And Outgo pursuant to section 134 of the Companies Act 2013 read withrule 8 of the Companies (Accounts) Rules 2014 are not applicable to the Company.

39. PUBLIC DEPOSITS

During the year the Company has not received any Deposits from public covered underChapter V of the Companies Act 2013.

40. 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 thereunder in this report the same are given in thenotes to the Financial Statements.

41. PARTICULARS EMPLOYEES PURSUANT TO SECTION 197 OF THE COMPANIES ACT 2013

READ WITH RULE 5 (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) Rules1975 in respect of Managerial Personnel Directors andEmployees of the Company is furnished in Annexure III.

42. 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.ekamleasing.com.

The Company is not required to maintained the cost record as specified by the CentralGovernment under sub-section (1) of section 148 of the Companies Act 2013.

44. FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION (12) OF SECTION 143 OTHER

THAN THOSE WHICH 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.

45. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMAN AT WORKPLACE

(PREVENTION PROHIBITION AND REDRESSAL) ACT 2013

Your Company gives utmost importance for prevention of sexual harassment at workplaceand Comply with the provisions of the Sexual Harassment of Women at the Workplace(Prevention Prohibition and Redressal) Act 2013. During the year there were nocomplaints regarding sexual harassment by any women employee (permanent contractualtemporary trainees) who are covered under this policy till the date of this report. TheCompany has complied with the provision relating to the constitution of InternalComplaints Committee under the Sexual harassment of Women at Workplace (PreventionProhibition and Redressal) Act 2013.

46. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS

There are no significant material orders passed by the Regulators / Courts which wouldimpact the going concern status of the Company and its future operations.

47. COMPLIANCE WITH THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE

REQUIREMENTS) REGULATIONS 2015

The company's equity shares continue to be listed on the Stock Exchange Bombay (BSE)which has nationwide trading terminals. The company has not paid the Annual Listing Feesto BSE for the Financial Year 2019-20. All compliances with respect to the SEBI (ListingObligating and Disclosure Requirements) Regulations 2015 has been duly made by thecompany.

48. ACKNOWLEDGEMENT

The Directors thank the Company's employees customers vendors investors and academicpartners for their continuous support.

The Directors place on record their warm appreciation of the assistance and cooperationextended by various Government Departments Authorities and Business Partners etc.

The Directors regret the loss of life due to COVID-19 pandemic and are deeply gratefuland have immense respect for every person who risked their life and safety to fight thispandemic.

The Directors thank you and look forward to your continuance support.

By order of the Board of Directors
Ekam leasing & Finance Co. Limited
Registered Office: Rakesh Jain
11 Rani Jhansi Road
(Motia Khan) M.M. Road New Delhi – 110 055. Managing Director
Corporate Identity Number: L74899DL1993PLC055697 DIN: 00061737
Tel : 011-23528015
Email: ekam.leasing1@gmail.com
info@ekamleasing.com
Website: www.ekamleasing.com
Place : New Delhi
Place : August 12 2021

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