Emergent Global Edu and Services Limited
The Directors have pleasure in presenting their 36th Annual Report on the Business andOperations along with the Audited Financial Statements of the Company for the FinancialYear ended 31st March 2019.
The Financial Results for the Financial Year ended 31st March 2019 are summarizedbelow:
(Amount in Rs.)
| ||Standalone for Current Year ||Standalone for Previous Year ||Consolidated for Current Year ||Consolidated for Previous Year |
|PARTICULARS ||2018 - 19 ||2017 -18 ||2018 - 19 ||2017 - 18 |
|1 Sales and other Income ||969076009 ||13387657 ||954816412 ||9901648 |
|2 Expenditure ||954835895 ||9587303 ||945384916 ||5656571 |
|3 Profit Before Tax ||14240114 ||3800354 ||9431496 ||4245077 |
|4 Provision for Taxation || || || || |
|(1)Current Tax ||3810700 ||1114300 ||3810700 ||1114300 |
| || || ||- ||15913 |
|(2)Earlier Year Tax ||- ||15913 || || |
| || || ||391268 ||266338 |
|(3)Deferred Tax ||(121990) ||(22736) || || |
|5 Profit after Tax ||10551404 ||2692877 ||5229528 ||2848526 |
|6. Other Comprehensive Income ||(17599) ||(8866) ||(17599) ||(8866) |
|7. Total Comprehensive Income ||10533805 ||2684011 ||5211929 ||2839660 |
|8. Earning Per Equity Share: || || || || |
|(1)Basic ||2.31 ||0.59 ||1.14 ||0.62 |
|(2) Diluted ||2.31 ||0.59 ||1.14 ||0.62 |
|9. Equity Share Capital ||45690000 ||45690000 ||45690000 ||45690000 |
|10 Other Equity ||114156585 ||103622780 ||103107488 ||97895559 |
The Company has adopted Indian Accounting Standard ("Ind AS") notified by theMinistry of Corporate Affairs with effect from April 01 2017 and accordingly theseFinancial Statements have been prepared in accordance with the recognition and measurementprinciples laid down in the "Ind AS" prescribed under Section 133 of theCompanies Act 2013 read with relevant rules issued thereunder.
CHANGE IN NATURE OF BUSINESS IF ANY
During the year under review the Company diversified its line of business to includeinternational trading of coal coke steel iron ore and such other raw materials.
The extracts of the Annual Return pursuant to the provisions of Section 92 read withRule 12 of the Companies (Management and Administration) Rules 2014 in Form No. MGT 9 isenclosed herewith. In accordance with Clause 22 of the Secretarial Standard on report ofBoard of Directors (SS-4) a copy of the Annual return for the year ended on the websiteof the company and the web link of such annual return ishttp://eesl.in/pdf/annual-report/MGT%202018-19.pdf
DIRECTORS RESPONSIBILITY STATEMENT
In accordance with the provisions of Section 134(5) of the Companies Act 2013 theBoard hereby submits that:
a. In the preparation of the annual accounts the applicable Accounting Standards havebeen followed along with proper explanation relating to material departures
b. The Directors have selected such accounting policies and applied them consistentlyand made judgments and estimates that are reasonable and prudent so as to give a true andfair view of the state of affairs of the Company at the end of Financial Year and of theProfit and Loss of the Company for that period
c. The Directors 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
d. The Directors have prepared the Annual Accounts on a going concern basis
e. The Directors had laid down internal financial controls to be followed by thecompany and that such internal financial controls are adequate and operating effectively
f. The Directors have devised proper systems to ensure compliance with the provisionsof all applicable laws and that such systems were adequate and operating effectively.
DECLARATION OF INDEPENDENT DIRECTORS
The Company has received necessary declaration from the Independent Director (s) underSection 149(7) of the Companies Act 2013 that they meet the criteria of independence laiddown in Section 149(6) of the Companies Act 2013.
EXPLANATIONS OR COMMENTS BY THE BOARD ON
a. Auditors report
There were no qualifications reservations or adverse remarks made by the Auditors intheir Report.
b. Secretarial Audit Report
There were no qualifications reservations or adverse remarks made by the PractisingCompany Secretary in his Secretarial Audit Report.
DETAILS OF REPORT OF FRAUD BY AUDITOR
As per auditors' report no fraud u/s 143(12) has been reported by the auditor.
PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186 OF THE COMPANIESACT 2013
The Company has not made any investments nor provided any guarantees under theprovisions of Section 186 of the Companies Act 2013 during the period under review. Theparticulars of loans covered under Section 186 of the Companies Act 2013 have been givenin the notes to accounts to the Financial Statements.
PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES
Prior approval is obtained from the Audit Committee for all related party transactionsand the transactions are also periodically placed before the Audit Committee for reviewand approval. All related party transactions entered into during the year were in ordinarycourse of business and at an arm's length basis. Accordingly the disclosure of RelatedParty Transactions as required in terms of Section 134(3) (h) of the Companies Act 2013in Form AOC-2 is not applicable. Further the Company has in place a policy on relatedparty transactions which is uploaded on Company's website at www.eesl.in.
An amount of Rs.10551404/- available for appropriation is proposed to be retained inProfit & Loss account.
The Board of Directors has decided to plough back the profits and have hence notrecommended any dividend for the year under review.
MATERIAL CHANGES AND COMMITMENTS IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANYOCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THIS FINANCIAL STATEMENTS RELATESAND THE DATE OF THE REPORT
No material changes and commitments affecting the financial position of the Companyoccurred between the Financial Year to which this Financial Statements relates and thedate of this report.
CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION FOREIGN EXCHANGE EARNINGS AND OUTGO
As the Company's Operations do not involve any manufacturing or processing activitiesthe particulars as per the Companies (Accounts) Rules 2014 regarding conservation ofenergy technology absorption are not reportable.
The foreign exchange earnings and outgo as required under Section 134(3) (m) of theCompanies Act 2013 read with Rule 8(3) of the Companies (Accounts) Rules 2014 are:
a) Foreign Exchange Earnings and outgo-
1. Foreign exchange earnings in terms of actual inflows were NIL during the Year.
2. Foreign exchange outgo in terms of actual outflows was Rs. 1009745776/- duringthe Year.
STATEMENTS CONCERNING DEVELOPMENT AND IMPLEMENTATION OF THE RISK MANAGEMENT POLICY OFTHE COMPANY
Pursuant to Section 134 (3) (n) of the Companies Act 2013 and other applicableprovisions the Company has in place a mechanism to identify assess monitor and mitigatevarious risks to key business objectives. Major risks identified by the businesses andfunctions are systematically addressed through mitigating actions on a continuing basis.These are discussed at the meetings of the Audit Committee and of the Board of Directorsof the Company.
The Audit Committee regularly reviews the risk management strategy of the Company toensure the effectiveness of risk management policies and procedures.
The paid up share capital of the Company is Rs.45690000/- consisting of 4569000equity shares of Rs.10/- each. The Company has not issued any share during the FinancialYear. Hence there are no changes in the share capital of the Company during the Periodunder review.
CONSOLIDATED FINANCIAL STATEMENTS
The Company has a Wholly Owned Subsidiary Indo Education Private Limited.
As per provisions of Section 129 (3) of the Companies Act 2013 and Regulation 34 ofSEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 the Companiesare required to prepare the Consolidated Financial Statements of its Subsidiary to be laidbefore the Annual General Meeting of the Company. Accordingly the Consolidated FinancialStatements incorporating the accounts of Subsidiary Company alongwith Auditors Reportthereon forms part of this Annual Report.
PARTICULARS OF REMUNERATION OF EMPLOYEES
The information required pursuant to the Section 197 read with Rule 5 of the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 are given below:
A. The Company had no employee in receipt of remuneration of more than Rs 10200000/-(Rupees One Crore Two Lac) p.a. or Rs 850000/- (Rupees Eight Lac Fifty Thousand) permonth in respect of whom disclosure is required to be made pursuant to Section 197 readwith Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules2014.
B. The Directors of the Company has not received any remuneration during the FinancialYear under Review.
C. The Details of remuneration received by Key Managerial Personnel is as under:
Name of KMP: Ms.Sabina Nagpal Company Secretary
Remuneration: Rs. 1205584/- (Rupees Twelve Lac Five Thousand Five Hundred Eighty FourOnly) % increase in remuneration: 8.39% increase in remuneration. % of revenue: 0.12%
Name of KMP: Mr.Nitin Kumar Chief Financial Officer
Remuneration: Rs. 666378/- (Rupees Six Lac Sixty Six Thousand Three Hundred SeventyEight Only)
% increase in remuneration: 15.59% increase in remuneration.
% of revenue: 0.07%
D. There are 6 (Six) Permanent Employees in the Company as on 31st March 2019 asfollows.
Mr. Vikash Rawal
Remuneration: 279167(Per Month)
Ms. Sabina Nagpal (Company Secretary)
Remuneration: 109328 (Per Month)
Mr. Nitin Kumar(CFO)
Remuneration: 60778 (Per Month)
Ms. Jyoti Verma
Remuneration: 56808 (Per Month)
Mr. Naresh Sharma Remuneration: 19497 (Per Month)
Mr. Anil Rout Remuneration: 17939 (Per Month)
E. The Company affirms that the remuneration is as per the Remuneration Policy of theCompany
DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIALRESPONSIBILITY INITIATIVES
The Company has not developed and implemented any Corporate Social Responsibilityinitiatives as the said provisions are not applicable to the Company.
The Board of Directors has an optimum combination of Independent and Non-ExecutiveDirectors. As on 31st March 2019 the Board comprises of 4 Directors. The Company isprofessionally managed and its Board of Directors comprises of professionally qualifiedDirectors who have rich experience in diversified fields.
The Board of the Company comprises of:
|S. No ||Name ||Designation ||DIN |
|1. ||Mr. Tarun Kumar Somani ||Director ||00011233 |
|2. ||Mr. Rakesh Suri ||Director ||00155648 |
|3. ||Mr. Rakesh Chandra Khanduri ||Director ||03048392 |
|4. ||Ms. Shobha Sahni ||Director ||07478373 |
Mr. Tarun Kumar Somani (DIN 00011233) Director retires by rotation and being eligibleoffers himself for reappointment at the ensuing Annual General Meeting.
NUMBER OF BOARD MEETINGS CONDUCTED DURING THE YEAR
A. The Board of Directors of the Company met five (5) times during the FinancialYear 2018-19.
The Meetings were held on 30.05.2018 14.06.2018 13.08.18 13.11.2018 and 07.02.2019.The periodicity between two Board Meetings was within the maximum time gap as prescribedunder Secretarial standards.
The Composition of the Board of Directors their attendance at Board Meetings and lastAnnual General Meeting is as under:
|Name of Director ||Held ||Number of Board Meetings under tenure Attended ||Last AGM attended |
|Mr. Tarun Kumar Somani ||5 ||5 ||Yes |
|Mr. Rakesh Chandra Khanduri ||5 ||5 ||Yes |
|Mr. Rakesh Suri ||5 ||5 ||Yes |
|Ms. Shobha Sahni ||5 ||4 ||Yes |
The last Annual General Meeting (AGM) was held on September 29th 2018.
B. The Independent Directors of the Company met one (1) time during the FinancialYear 2018-19.
The Meeting of Independent Directors was held on 30.5.2018.
The Composition of the Independent Directors their attendance at their Meeting is asunder:
|Name of Director || |
Number of Board Meetings under tenure
| ||Held ||Attended |
|Mr. Rakesh Chandra Khanduri ||1 ||1 |
|Mr. Rakesh Suri ||1 ||1 |
COMMITTEES OF THE BOARD
The Audit Committee of the Company is constituted in line with the provisions ofSection 177 of the Companies Act 2013. The Audit Committee has reviewed over sighted andconfirmed the Company's financial reporting process appointment re-appointment andremoval of external auditors fixation of audit fee and also approval for payment for anyother services financial statements and draft audit report including quarterly / halfyearly financial information related party transactions as per Ind AS 24 and has reviewedthe following mandatory information:
Management discussion and analysis of financial condition and results ofoperations;
Statement of significant related party transactions submitted by management;
Management letters / letters of internal control weaknesses issued by StatutoryAuditors;
Appointment removal and terms of remuneration of Internal Auditor.
The Composition Name of Members and Chairman
As on 31st March 2019 the Audit Committee had three Non-Executive Directors of whomtwo were Independent Directors. Mr. Rakesh Chandra Khanduri an Independent Director isthe Chairman of the Committee. During the Financial Year ended 31st March 2019 4 (Four)Audit Committee Meetings were held on 30.05.2018 13.08.18 13.11.2018 and 07.02.2019. Mr.Rakesh Chandra Khanduri Chairman of the Audit Committee was present at the last AnnualGeneral Meeting held on 29th September 2018.
The Composition of the Audit Committee and the attendance of each Member at thesemeetings are as under:
|Name of the Directors ||No. of Meetings attended |
|Mr. Rakesh Chandra Khanduri ||4 |
|Mr. Tarun Kumar Somani ||4 |
|Mr. Rakesh Suri ||4 |
The Company Secretary of the Company also acts as Compliance Officer to the Committee.
NOMINATION AND REMUNERATION COMMITTEE
The Company has duly constituted a Nomination and Remuneration Committee in line withthe provisions of Section 178 of the Companies Act 2013 consisting of three Non ExecutiveDirectors of whom two are Independent Directors. The committee formulated policy onnomination remuneration and performance evaluation of Board of Directors and KMP. Thescope of the Committee is recommending to the Board theappointments/re-appointments/performance evaluation/remuneration of the Directors and theKey Managerial Personnel.
The Nomination and Remuneration committee comprises of following:
Name of the Directors
Mr. Rakesh Chandra Khanduri
Mr. Tarun Kumar Somani
Mr. Rakesh Suri
The nomination and remuneration committee met on 30.5.2018.
Non-Executive Directors' compensation and disclosures
No remuneration or sitting fees is being paid to the Non Executive Directors. No stockoptions were granted to Non Executive Directors or Independent Directors during the yearunder review.
SHAREHOLDERS/INVESTORS GRIEVANCE COMMITTEE
The Shareholders/Investors Grievance Committee has been constituted to look into theredressal of investors' grievances. The Committee as on 31st March 2019 comprises of Mr.Rakesh Chandra Khanduri Mr. Tarun Kumar Somani and Mr. Rakesh Suri Directors of theCompany.
Ms. Sabina Nagpal is designated as the Compliance Officer to oversee the investors'grievances. During the period under review the Company did not receive any investorcomplaint. No transfer application was pending for registration of transfer as on 31stMarch 2019.
M/s Rajendra K. Goel & Co. Chartered Accountants (FRN 001457N) were appointed asStatutory Auditors for a period of 3 years from the conclusion of 34th Annual GeneralMeeting till the conclusion of 37th Annual General Meeting of the Company. In accordancewith the Companies Amendment Act 2017 enforced on 7th May 2018 by the Ministry ofCorporate Affairs the appointment of Statutory Auditors is not required to be ratified atevery Annual General Meeting.
The Company has duly appointed Ms. Bhawana Jain Chartered Accountant as an InternalAuditor to conduct Internal Audit of the Company. The Audit Committee of the Boardprovides direction and monitors the effectiveness of the Internal Audit function. TheInternal Auditor reports to the Audit Committee. The Audit Committee reviews the reportpresented by the Internal Auditor and takes necessary actions to close the gaps identifiedin timely manner.
The provisions of Companies (Cost Records and Audit) Rules 2014 are not applicable tothe Company.
Pursuant to the provisions of the Section 204 of the Companies Act 2013 and theCompanies (Appointment & Remuneration of Managerial Personnel) Rules 2014 the Boardhad appointed Kumar Wadhwa & Company Practicing Company Secretaries as SecretarialAuditors for the Financial Year 2018-2019. The Secretarial Audit Report for the FinancialYear ended on 31st March 2019 is annexed to this report. The Report does not contain anyqualification/ reservation or adverse remark.
The Company has complied with the provisions of both mandatory and non-mandatorySecretarial Standards issued by the Institute of Company Secretaries of India.
ESTABLISHMENT OF VIGIL MECHANISM
The Company has established a Vigil Mechanism for Directors and Employees to reportgenuine concerns and oversees the Vigil Mechanism through the Audit Committee. The Companyhas also provided adequate safeguards against victimization of employees and directors whoexpress their concerns. The Company has also provided direct access to the Chairman of theAudit Committee on reporting issues concerning the interests of the employees and theCompany. The vigil mechanism is uploaded on website of the Company at www.eesl.in.
In a separate meeting of Independent Directors performance of non-IndependentDirectors performance of the Board as whole and performance of the Chairman wasevaluated. As per Schedule IV of the Companies Act 2013 which states that theperformance evaluation of Independent Directors shall be done by the entire Board ofDirectors excluding the Director being evaluated. The evaluation of its own performance byBoard of Directors as a whole and of its committees and individual Directors was conductedbased on the criteria and framework adopted by the Board.
SUBSIDIARIES JOINT VENTURES AND ASSOCIATE COMPANIES
The Company has no Joint Venture and Associate Company. However it has one whollyowned subsidiary Company whose details are provided below:
|S. No. ||NAME ||RELATION ||CIN |
|1. ||Indo Education Private Limited ||Subsidiary ||U74999DL2002PTC114185 |
The details of financial performance of subsidiary Company is furnished and attached tothis report.
In terms of the provisions of Section 73 of the Companies Act 2013 read with Rulesthe Company has no opening and closing balances and also the Company has not accepted anydeposit during the Financial Year under review and as such no amount of principal andinterest outstanding as on 31st March 2019.
DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS ORTRIBUNAL
There are no significant and material orders issued against the Company by anyregulatory authority or court or tribunal affecting the going concern status and Company'soperation in future.
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Company has established internal control systems which is commensurate with itssize and nature of operations so as to ensure smoothness of operations and compliance withapplicable legislation.
DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORK PLACE (PREVENTIONPROHIBITION AND REDRESSAL) ACT 2013'
The Company has in place the Sexual Harassment at the Workplace (Prevention andRedressal) Policy' in line with the requirements of The Sexual Harassment of Women at WorkPlace (Prevention Prohibition and Redressal) Act 2013. An Internal Complaints Committeehas been set up to redress complaints on sexual harassment. The Company affirms thatduring the year under review no complaints were received by the Committee under the saidAct.
GENERAL DISCLOSURES UNDER SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS)REGULATIONS 2015
Code of Conduct
The Board of Directors has laid down Code of Conduct for all Board Members and SeniorManagement of the Company.
The Members of the Board of Directors and Senior Management personnel have affirmed thecompliance with the Code applicable to them during the year ended 31st March 2019.
Compliance with Regulations
The Company has complied fully with the requirements of the regulatory authorities oncapital markets.
Prohibition of Insider Trading
In compliance with the SEBI (Prohibition of Insider Trading) Regulations 2015 theCompany has constituted a comprehensive Code of Conduct for its Senior Management andStaff. The code lays down guidelines which advise them on procedure to be followed anddisclosures to be made while dealing with the Shares of the Company.
The Company has followed the Indian Accounting Standards (Ind-AS) as prescribed.
Means of Communication
The quarterly half yearly and yearly financial results of the Company are sent to theStock Exchange immediately after they are approved by the Board. These are also normallypublished in the Financial Express (English Edition)/Pioneer Jansatta (Hindi Edition)newspapers and are also uploaded on the website of the Company at www.eesl.in.
Annual General Meeting (AGM) details
The last three Annual General Meetings were held as per details below:
|Year ||Date ||Time ||Venue |
|2018 ||September 29 ||10.30 A.M ||GH Arbitration Centre A-8 Pamposh Enclave Delhi-110048 |
|2017 ||September 29 ||10.30 A.M ||Eminent' C-56 Neeti Bagh New Delhi-110049. |
|2016 ||September 30 ||10.30 A.M ||Eminent' C-56 Neeti Bagh New Delhi-110049. |
During the year under review Company passed the following resolutions as SpecialResolutions through Postal Ballot a)Alteration of Object Clause of MOA of the Company ii)Alteration of Articles of Association of the Company.
GENERAL SHAREHOLDERS INFORMATION
i. 36th Annual General Meeting
Date : 30th September 2019
Time : 10:30 A.M
Venue: GH Arbitration Centre A-8 Pamposh Enclave Greater Kailash Part 1 NewDelhi-110048
ii. Date of Book Closure
The Company's Register of Members and Share Transfer Books will remain closed fromTuesday 24th September 2019 to Monday 30th September 2019 (both days inclusive).
iii. Financial Year: 1st April to 31st March
iv. Stock Exchanges: Shares of the Company are listed on Bombay Stock ExchangeLimited (BSE)
v. Stock/Scrip Code: 506180
vi. Registrar and Share Transfer Agents
M/S RCMC SHARE REGISTRY PRIVATE LIMITED having its registered office at B- 25/1 OkhlaIndustrial Area Phase-II New Delhi - 110020 is the Registrar and Share Transfer Agents ofthe Company.
vii. Share Transfer System
The Share Transfer Committee meets as often as possible to approve transfers andrelated matters as may be required by the Registrars and share Transfer Agents. Shareslodged for transfers are normally processed within ten days from the date of lodgment ifthe documents are clear in all respects.
viii. Dematerialization of Shares
The shares of the Company are permitted for trading on dematerialized form only. TheCompany's shares are available for trading in the depository system of both NSDL and CDSL.As on 31st March 2018 4568950 equity shares of Rs.10/- each forming 99.99% of the sharecapital of the Company stands dematerialized. The ISIN with NSDL and CDSL isINE668L01013.
ix. Tentative Financial Calendar for Financial Year 2019-20
Financial results for the first quarter ended June 30 2019-August 2019
Financial results for the second quarter ended September 30 2019-November 2019Financial results for the third quarter ended December 31 2019- February 2020 Financialresults for the fourth quarter ended March 31 2020- May 2020
x. Market Price Data
Following is the month-wise high/ low price data for Financial Year 2018-19:
|Month ||High Price ||Low Price |
|April 2018 ||127.40 ||127.40 |
|May 2018 ||127.40 ||127.40 |
|June 2018 ||129.90 ||127.40 |
|July 2018 ||129.70 ||129.60 |
|August 2018 ||129.60 ||129.60 |
|September 2018 ||129.60 ||129.60 |
|October 2018 ||129.60 ||129.60 |
|November 2018 ||129.60 ||129.60 |
|December 2018 ||129.60 ||129.60 |
|January 2019 ||129.60 ||129.60 |
|February 2019 ||129.60 ||129.60 |
|March 2019 ||129.60 ||129.60 |
xi. Shareholding Pattern as on March 31 2019
|Category ||No. of Shares ||% of shareholding |
| || || |
|1. Promoters ||3373600 ||73.84 |
|2. Financial Institutions Banks and Mutual funds ||- ||- |
|3. Foreign Institutional Investor ||425000 ||9.30 |
|4. Private Corporate Bodies ||529310 ||11.58 |
|5. NRI/ OCBs ||77548 ||1.70 |
|6. Indian Public ||163542 ||3.58 |
|Total ||4569000 ||100 |
xii. Distribution Schedule of Shareholding as on 31st March 2019
|No. of Equity Shares. ||No. of Shares ||% to Total held shareholding ||No. of Shares ||% to Total held shareholding |
|1 Up to 500 ||71 ||73.20 ||5661 ||0.12 |
|501 to 1000 ||1 ||1.03 ||586 ||0.01 |
|1001 to 2000 ||2 ||2.06 ||2924 ||0.06 |
|2001 to 3000 ||5 ||5.15 ||11786 ||0.26 |
|3001 to 4000 ||0 ||0.00 ||0 ||0.00 |
|4001 to 5000 ||1 ||1.03 ||4050 ||0.09 |
|5001 to 10000 ||5 ||5.15 ||37845 ||0.83 |
|10001 & Above ||12 ||12.37 ||4506148 ||98.62 |
| ||97 ||100 ||4569000 ||100 |
xiii. Address for Correspondence
The shareholders may address their communication/ suggestion/ grievances/ queries tothe Company's registered office or its Share Transfer Agent. The questions relating toshare and requests for transactions such as transfer transmission and nominationfacilities change of address may please be taken up with the Registrar and TransferAgent at above given address.
xiv. Compliance Officer
The Board had Designated Ms. Sabina Nagpal Company Secretary of the Company as aCompliance Officer of the Company.
Emergent Global Edu and Services Limited
8B Sagar 6 Tilak Marg New Delhi-110001 E-mail: firstname.lastname@example.org Phone:011-23782022 Fax: 011-23782806
xv. Corporate Governance Report
In terms of the Regulation 15(2) of the SEBI (Listing Obligations and DisclosureRequirements) Regulations 2015 the compliance of provisions of Corporate Governance is notmandatory for the time being in respect of our Company since the paid up equity sharecapital and net-worth of our Company as on 31st March 2019 is Rs. 45690000 (RupeesFour Crores Fifty Six Lacs Ninety Thousand) and Rs.159846585/- (Rupees fifteen croreninety eight lakh forty six thousand five hundred eighty five only) respectively.
The Directors are thankful to the Stakeholders Bankers Customers and Agents for theirvaluable support and assistance. The Directors wish to place on record their appreciationof the commendable work done dedication and sincerity by all the employees of the Companyat all levels during the Financial Year under review.
The Company will make every effort to meet the aspirations of its shareholders and wishto sincerely thank them for their whole hearted co-operation and support at all times.
By and on behalf of Board of Directors For EMERGENT GLOBAL EDU AND SERVICES LIMITED
|DATE: 30.05.2019 ||(RAKESH CHANDRA KHANDURI) ||TARUN KUMAR SOMANI |
|PLACE: New Delhi ||(DIRECTOR) ||(DIRECTOR) |
| ||DIN: 03048392 ||DIN:00011233 |