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Envair Electrodyne Ltd.

BSE: 500246 Sector: Engineering
NSE: KIRLOSELEC ISIN Code: INE601C01013
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OPEN 29.65
CLOSE 31.00
VOLUME 1
52-Week high 39.95
52-Week low 16.30
P/E
Mkt Cap.(Rs cr) 14
Buy Price 29.65
Buy Qty 99.00
Sell Price 32.35
Sell Qty 5.00

Envair Electrodyne Ltd. (KIRLOSELEC) - Director Report

Company director report

To

The Members

Envair Electrodyne Ltd.

Your Directors are pleased to present your Company's 38th Board's Reporttogether with the Audited Financial Statement for the Financial Year ended on 31stMarch 2020:

1. FINANCIALRESULTS

Particulars Current Year 2019-20 Previous Year 2018-19
Income Earned During the year 35655556 35195018
Profit before Taxes & Other adjustments (14975990) (27921792)
Add prior period income - 162020
Profit before Taxes (14975990) (27759772)
Less Provisions for Taxes 4736655
Less Current Tax
Add/ (Less) Deferred Tax -
Profit for the period (14975990) (32496427)
Add: Item not classified to profit & loss (446005) 286874
Total Comprehensive Income (15421995) (32209553)
Profits carried forward from previous year (29351388) 2858166
Less proposed Dividend -
Less Dividend Distribution Tax -
Profits c/f to Balance Sheet (44773382) (29351388)

2. CHANGE IN NATURE OF BUSINESS IF ANY

During the year under review there is no change in the nature of business.

3. EXTRACT OF ANNUAL RETURN & WEB LINK OF ANNUAL RETURN

The extract of Annual Return as on 31st March 2020 pursuant to theprovisions of Section 92 of the Companies Act 2013 and Rules framed there under in theprescribed Form MGT-9 is annexed to this report as "Annexure2"

The copy of annual return is available on the Company website www.envair.in

4. NUMBER OF BOARD MEETINGS

The Board of Directors duly met 8 times during the financial year 2018-19. During theyear the meetings of the Board of Directors of the Company were held on 23.04.201907.06.2019 14.08.2019 3.09.2019 24.09.2018 13.11.2019 13.02.2020 & 20.03.2020respectively.

5. AUDIT COMMITTEEMEETING

The Company has duly constituted Audit Committee. The Audit Committee was reconstituteby the Board and consist 4 members. They have vast experience and knowledge of Corporateaffairs and Financial management and possess strong accounting and financial Managementexpertise. All their recommendation made by the Audit committee were accepted by theBoard.

6. MANAGEMENT DISCUSSION & ANALYSIS

Sales increased by 3.26 % compared to previous year. The Company has shored up itsnetworth and it now stand at Rs.48185063/-. This would provide a spring board forfuture growth of the company.

Prestigious assignments were completed during financial year 2019-2020 are following:

1. Inmet Technology Private Limited- Class 100000 (iso8) Clean room for 3D printingmachine/Medical part packing.

2. Bharat forge limited- Conventional clean room (class 10000 ISO8) Laser machine/defense part manufacturing

3. Volkswagen/Skoda India Pvt. Ltd- Corian top/ Solid surface laboratory workstationfor testing.

4. Kalyani Techno Forge- Enclosure for packing of metal jobs

5. Bajaj Auto- Assembly workstation for Automobiles job assembly and inpection

6. Smalz India Pvt. Ltd- Revese Laminar airflow workstation for grinding jobs

7. BEL Kotdwara- WSD workstation for assembly line

8. ADOR India- Electrostatic air cleaner

The Company is incurring losses in business during past number of years. The turnoverof it has receded over a period. Reasons for the losses have been identified and analysed.The Company has been taken over by the new management a couple of years ago. Themanagement is taking strategic decisions to address issues of continued functioning of theCompany. Certain new products of the existing line of products e.g. AutomaticDisinfectant Device Plasma Air Purifier Auto Door with Attendance system Air Showersetc. are under development. These products will be introduced during the coming twelvemonths. Contract manufacturing is also under consideration. Measures to achieve costreduction and competitive sales price have been initiated. These actions expected toprovide handsome contribution.

Further additional steps such as innovation in quality of products and servicesdelivered infrastructure and resources at disposal efforts for business prospects beingundertaken strong customer base etc. are being adopted. The management in thisbackground is of the view that it will be able to perform and operate above breakevenpoint in a foreseeable future.

In view of this preparation of financial statements on the assumption that the Companyis a going concern is appropriate.

7. DIRECTORS' RESPONSIBILITYSTATEMENT

In accordance with the provisions of Section 134(5) of the Act the Board herebysubmits its Responsibility Statement:

a) In the preparation of the annual accounts the applicable accounting standards hadbeen followed along with proper explanation relating to material departures;

b) the directors had 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 the financial year and ofthe profit and loss of the company for that period;

c) the directors had 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 had 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 were operatingeffectively;

f) the directors had devised proper systems to ensure compliance with the provisions ofall applicable laws and that such systems were adequate and operating effectively.

8. STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTOR

All the Independent Directors have submitted their disclosures to the Board that theyfulfill all the requirements as stipulated in Section 149(6) of the Act and Clause 49 ofthe Listing Agreement so as to qualify themselves to be continued as Independent Directorsunder the provisions of the Act and the relevant Rules.

9. SHARE CAPITAL

The Paid up equity share capital as on 31stMarch 2020 was Rs. 46400000.There was preferential issue of 1600000 convertible warrants to promoter and nonpromoter group. 1600000 warrants were converted into 1600000 equity shares on 20thMarch 2020.

1600000 warrants allotted on 24thSeptember 2018 in board meeting topromoter and non promoter group and members approval of preferential issue had been takenin previous Annual General Meeting held on10th August 2018.

The price of warrants to be issued is fixed at Rs. 30 Per warrants convertible intoequal number of equity share of Rs. 10/- each at premium of Rs. 20/- per share inaccordance with the price determined in terms of Regulation 76A of the ICDR Regulations.

The warrants were exercised within a period of 18 months from the date of allotment.

10. NOMINATION AND REMUNERATION COMMITTEE

The company has duly established Nomination & Remuneration Committee. The Committeehas presented to the Board the policy with respect to remuneration to the Directors KeyManagerial Personnel and other employees

11. DIRECTOR'SAPPOINTMENT AND REMUNERATION

As per Clause 128 of the Article of Association of the Company one third strength ofthe Board is required to retire by rotation at the ensuing Annual General Meeting.

Mr. Archit Aggarwal Director will retire by rotation.

Mr. Jayesh Parmar ceased as a director of the Company on 31st July 2020.

12. AUDITORS:

a) Statutory Auditors:

The Shareholders at the 35th Annual General Meeting appointed M/s C.V.Chitale Chartered Accountants (Firm Registration no. 126338W) Pune as statutory Auditor'sof the Company for a period of five years.

In response to the qualification specified by the statutory auditor the managementviews are as under:

Our Office & Factory were closed since 23rd March 2020 due to COVID relatednation-wide lockdown. Statutory Audit has been completed during this pandemic situationunder partial or full lock down. As our office was closed our customers and supplierswere also not available. Accordingly balance confirmation and related reconciliation hasnot been performed. As the unlock process is starting in different phases we will ensureto take the relevant confirmations and reconciliations during the current year.

b) Secretarial Auditors:

Mr. I. U. Thakur Company Secretary in Practice having Membership no. FCS 2298 wasappointed to conduct the Secretarial Audit of the Company for the F.Y. 2019-20 as requiredunder section 204 of the Act and Rule made there Rule under. The Secretarial Audit reportin form MR-3 for the F.Y .2019-20 is annexed to this report.

In response to the qualification specified by the secretarial auditor the managementviews are as under:

Company will timely upload the details to BSE.

Jayesh parmar ceased on 31st July 2020 as director of the Company as he is disqualifiedby the Registrar of Companies. He is no more associated with the Company.

c) Internal Auditor

Devesh shah & Co. Chartered Accountants are the Internal Auditor of the Company.

13. PARTICULARS OF LOAN GUARANTEES OR INVESTMENTS

During the Financial Year your Company has not given any loan guarantees &investments covered under Section 186 of the Companies Act 2013.

14. RELATED PARTY TRANSACTIONS

All related party transactions that were entered into during the financial year 2019-20were on an arm's length basis and were in the ordinary course of business. All relatedparty transactions are placed before the Audit Committee as also the Board for approval.

None of the Directors has any pecuniary relationships or transactions vis--vis theCompany except remuneration paid to the Executive Director as per the Companies Act 2013.

The particulars of Transactions with related parties in prescribed form under Section134 of the Companies Act 2013 has been mentioned in Note No. 33 (13) of the FinancialStatements..

15. RESERVES

The company proposes to carry Rs. (44773382)/- to Reserves after adjusting previousloss of Rs. (29351388)/- from current year loss of Rs.(15421994)/-. This makes Equityplus other Equity as Rs. 48185063/-.

16. DIVIDEND

Since there was no operational profit The Board has not recommended any dividendduring the Financial Year 2019-20.

17. MATERIAL CHANGES & COMMITMENTS BETWEEN THE DATE OF THE BALANCE SHEET & THEDATE OFREPORT

There are no material changes between the date of Balance Sheet & the date of thisreport that would affect the financial position of the Company.

18. CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION FOREIGN EXCHANGE&OUTGO

Information required under Section 134 (3) (m) of the Companies Act 2013 read withRule 8 of the Companies(Accounts)Rules2014 is given in "Annexure1" attached tothis Report.

19. RISK MANAGEMENTPOLICY

Risk of obsolesce of products manufacturing equipment's & processes are regularlyevaluated.

20. CORPORATE SOCIALRESPONSIBILITY

Since the Company's networth does not exceed Rs. 500

crores or Company's turnover does not exceed

Rs.1000 crores or the Company's net profit does not exceed Rs. 5 crore for anyfinancial year the provisions of section 135 of the Companies Act 2013.

21. FORMAL ANNUAL EVALUATION

The Board has formulated a Board Evaluation Policy for evaluation of IndividualDirectors as well as the entire Board & Committees of the Board. The Evaluation framework is divided in to parameters based on the various performance criteria to be doneannually. The evaluation for the year ended 31st March 2020 has been completed

Particulars Disclosure
1. Financial summary/highlights Already given in Sr.No.1
2. Change in the nature of business There is no change in the natureof business.
3. Details of directors or key managerial personnel who were appointed or have resigned during the year; Mr. Anil Nagpal is re-appointed as Managing Director with effect from 6th July 2020.
Mr. Jayesh parmar ceased as director of the Company on 31st july 2020 as he is disqualified.
Names of companies which have become or ceased to be its Subsidiaries joint ventures or associate companies during the year alongwith reasons therefore; The company does not have any subsidiaries.

22. DISCLOSURES PURSUANT TO SECTION 197 (12) OF THE COMPANIES ACT 2013 AND THE RULESMADE THERE UNDER

Particulars
(i) the ratio of the remuneration of each director to the median remuneration of the employees of the company for the financial year Name of the Director: Ratio
Mr. Anil Nagpal : 0:0
Mr. Harish Agarwal 0:0
Mr. ArchitAgarwal
(ii) Percentage increase in remuneration of each director and CEO in the financial year Mr. Anil Nagpal 0.00%
Mr. Harish Agarwal 0.00%
Mr. ArchitAgarwal

 

(iii) Percentage increase in the median remuneration of employees in the financial year 0.00%
(iv) Number of permanent employees on the rolls of company; 36
(v) Explanation on the relationship between average increase in remuneration and company performance Remuneration is revised based on the Company's policy which is based on Annual Operating Plan.

23. ENVIRONMENT & SAFETY

The Company is aware of the importance of environment clean.

24. DETAILS OF FRAUDS REPORTED BYAUDITORS:

There are no fraud against the Company reported by the Auditors for the period underreport.

25. VIGILMECHANISM

As per Provisions of Section 177 (9) & (10) of the CompaniesAct2013a VigilMechanism for Directors & employees has been established. The Vigil Mechanism Policyhas been uploaded on the website of the Company at www.envair.in under Investors/ policydocuments/ Vigil Mechanism Policy link.

26. IMPACT OF CORONA VIRUS ON GOING CONCERN

The COVDI-19 pandemic has been the defining global health crisis of our time and hasalready spread very fast across the world. But it is much more than a health crisis and ishaving an unprecedented impact on people and economies worldwide. The Company is takingall necessary measures in terms of mitigating the impact of the challenges being faced inthe business.

27. DISCLOSURE ON SEXUAL ARASSMENT OF WOMEN AT WORKPLACE (PREVENTION PROHIBITION&REDRESSAL) ACT2013

The Company has in place an Anti Sexual Harassment Policy in line with the requirementsof the Sexual Harassment of Women at Workplace (Prevention Prohibition and Redressal)Act 2013. Internal Complaints Committee has been set up to redress complaints receivedregarding sexual harassment. All employees are covered under this policy. There are nocomplaints received during the year underreport.

28. SECRETARIAL STANDARD OF THE ICSI

The Company is in Compliance with the secretarial Standards on the meeting of Board ofDirector (SS-1) and General meeting(SS-2)as issued and amended by the Institute of Companysecretaries of India(ICSI)

29. STAKEHOLDER COMMITTEE

The company has duly established stakeholder & Committee meeting.

30. APPRECIATION:

The Director express their gratitude to the Dealers Suppliers and Bank for theirco-operation and express warm appreciation for the sincere co-operation and dedicated workby the employees of the Company.

Form No. MGT-9

EXTRACT OF ANNUAL RETURN

as on the 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 and Administration) Rules 2014]

I. REGISTRATION AND OTHERDETAILS:

i. CIN L29307MH1981PLC023810
ii. Registration Date 4th February 1981
iii. Name of the Company Envair Electrodyne Ltd.
iv. Category / Sub-Category of the Company Public Limited Company
v. Address of the Registered office and contact details 117 `S' Block MIDC Bhosari Pune 411 026
vi. Whether listed company Yes.
vii. Name Address and Contact details of Registrar and Transfer Agent if any Universal Capital Securities Pvt.Ltd. 21
ShakilNiwas Mahakali Caves Road Andheri
(E) Mumbai 400 093

II. PRINCIPAL BUSINESS ACTIVITIES OF THECOMPANY

Business activities contributing 10 % or more of the total turnover of the companyshall be stated:-

Name and Description of main products / services NIC Code of the Product/ service % to total turnover of the company
1. Clean Air Equipments 282 55.78%
2. Workstations 31009 35.62%
3. Electrostatic Oil Cleaners 28295 8.60%

III. PARTICULARS OF HOLDING SUBSIDIARY AND ASSOCIATE COMPANIES–

NAME AND ADDRESS OF THE COMPANY CIN/GLN HOLDING/ SUBSIDIARY/ ASSOCIATE % of shares held Applicable Section
1. N.A.

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)

i) Category-wise Share Holding

Category of Shareholders No. of Shares held at the beginning of the year

No. of Shares held at the end of the year

Demat Physical Total % of Total Shares Demat Physical Total % of Total Shares % Change during the year
A. Promoters
(1) Indian
a. Individual/HUF 1869490 Nil 1869490 61.50 1869490 600000 2469490 53.22 8.28
b. Central Government(s) - - - - - - - - -
c. State Government (s) - - - - - - - - -
d. Bodies Corporate - - - - - - - - -
e. Banks / Financial Institutes - - - - - - - - -
f. Any Other - - - - - - - - -
Sub-total (A) (1):- 1869490 Nil 1869490 61050 1869490 600000 2469490 53.22 8.28
(2) Foreign
a) NRIs - Individuals - - - - - - - - -
b. Other – Individuals - - - - - - - - -
c. Bodies Corporate - - - - - - - - -
d. Banks / Financial Institutes - - - - - - - - -
e. Any Other - - - - - - - - -
Sub-total (A) (2):- 0 0 0 0 0 0 0 0 0
Total shareholding of Promoter (A) = (A) (1) + (A) (2) 1869490 Nil 1869490 61.50 1869490 600000 2469490 53.22 8.28

 

B. Public Shareholding
1. Institutions
a. Mutual Funds - - - - - - - - -
b. Banks / Financial Institutes - - - - - - - - -
c. Central Government(s) - - - - - - - - -
d. State Government (s) - - - - - - - - -
e. Venture Capital Funds - - - - - - - - -
f. Insurance Companies - - - - - - - - -
g. FIIs - - - - - - - - -
h. Foreign Venture Capital - - - - - - - - -
Sub-total (B)(1):- 0 0 0 0 0 0 0 0 0
2. Non-Institutions
a. Bodies Corporate:
i. Indian 28916 2800 31716 1.043 25619 2500 28119 0.606 0.437
ii. Overseas - - - - - - - - -
b. Individuals
i. Individual shareholders holding nominal share capital upto Rs.1lakh 516972 285591 802563 26.40 506477 147001 653478 14.08 12.32
ii. Individual shareholders holding nominal share capital in excess of Rs 1 lakh 237856 12440 250296 8.233 236215 912440 1148655 24.755 16.522
iii. Others (specify)
a) Clearing Members 8483 0 8483 0.28 131 0 131 0.003 0.277
b) NRI/OCB's 32076 0 32076 1.06 32057 0 32057 0.691 0.37
c) HUF 41414 0 41414 1.36 49927 0 49927 1.076 0.28
d)LLP 3962 - 3962 0.130 3962 100000 103962 2.241 2.11
e) IEPF Suspense account - - - - 154181 0 154181 3.323 3.323
Sub-total (B)(2):- 865717 300831 1170510 38.50 1008569 1161941 2170510 46.778 35.63
Total Public Shareholding B)=(B)(1)+ (B)(2) 863869 300831 1170510 38.50 1008569 1161941 2170510 46.778 35.63
C. Shares held by Custodian for GDRs & ADRs 0 0 0 0 0 0 0 0 0
Grand Total (A+B+C) 2733359 300831 3040000 100 2878059 1761941 4640000 100 43.919

Note: 1600000 equity shares were in physical form as issued on 20th March2020 and convert into demat after 31st March 2020.

(ii) Shareholding of Promoters

Shareholder's Name Shareholding at the beginning of the year

Share holding at the end of the year

No. of Shares % of total Shares of the company %of Shares Pledged / encumbered to total shares No. of Shares % of total Shares of the company %of Shares Pledged / encumbered to total shares %Change during the year
3 Anil Nagpal 617000 20.3 0 823000 17.74 0 2.56
4 GianParkash 635790 20.91 0 823790 17.75 0 3.16
5 Harish Agarwal 616700 20.29 0 822700 17.73 0 2.56
TOTAL 1869490 61.5 0.00 2469490 53.22 0.00 8.28

(iii) Change in Promoters' Shareholding (please specify if there is no change):

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 1869490 61.5% 2469490% 53.22%
Date wise increase/ Decrease in promoters share holding during the year specifying the reasons for increase/ Decrease (e.g. allotment/transfer/bonus/sweat equity etc.) (600000 Equity shares were issued to promoters on 20th March 2020 against convertible warrants). 600000 8.28%
At the End of the year 2469490 53.22% 2469490% 53.22%

Note:.600000 Equity shares were issued to promoters on 20th March 2020against convertible warrants

(iv) Shareholding Pattern of top ten Shareholders (other than Directors Promoters andHolders of GDRs andADRs):

Shareholding at the beginning of the year Cumulative Shareholding during the year
Sr. No. For Each of the Top 10 Shareholders No. of shares % of total shares of the company No. of shares % of total shares of the company
At the beginning of the year
1 Arati Jayesh Parmar 500 0.02 300500 9.88
2 Rakesh Kumar Aggarwal 0 0.00 200000 6.58
3 Ashok Gupta 0 0.00 200000 6.58
4 Rajiv Malik 0 0.00 200000 6.58
5 KDA Corporate Advisors LLP 0 0.00 100000 3.29
6 Mahendra Girdharilal 48430 1.59 48430 1.59
7 Hitesh Ramji Javeri 34591 1.14 34591 1.14
8 Anil Gurmukh Bhagwani 29582 0.97 29582 0.97
9 Kalpana Prakash Pandey 29138 0.96 29138 0.96
10 Sarabjeet Singh Ghai 22582 0.74 22582 0.74
Date wise Increase / Decrease in Share holdingduringtheyearspecifyingthereaso ns for increase / decrease (e.g. allotment / transfer / bonus / sweat equityetc):
At the End of the year - - - -
At the End of the year (or on the date of separation if separated during the year) - - - -

Note : Since there was no significant change in the purchase / sale of shares of theabove Top 10 ShareholdersThe date wise increase/ decrease has not been given.

For Each of the Directors and KMP

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 Datewise Increase / Decrease in shareholding during the year specifying the reasons forincrease/decrease(e.g. allotment/transfer/bonus/ sweat equityetc) At the End of the year
1. Mr. Anil Nagpal 617000 0.00 617000 20.3 allotment 823000
2. Mr. Harish Agarwal 616700 0 616700 20.3 allotment 822700
3 Dr. AvinashKulkarni 2780 0.09 2780 0.09 No change 2780

V. INDEBTEDNESS

Indebtedness of the Company including interest outstanding/accrued but not due forpayment

Secured Loans Excluding deposits Unsecured Loans Deposits Total Indebtedness
Indebtedness at the beginning of the financial year
i. Principal Amount 6108411 - 0 6108411
ii. Interest due but not paid - - - -
iii. Interest accrued but not due - - - -
Total (i+ii+iii) - - - -
Change in Indebtedness during the financial year
• Addition - - -
• Reduction 1916721 - 0 1916721
Net Change
Indebtedness at the end of the financial year
i. Principal Amount 4191690 - - 4191690
ii. Interest due but not paid - - - -
iii. Interest accrued but not due - - - -
Total (i+ii+iii) 4191690 - 0 4191690

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIALPERSONNEL

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

Sr. No. Particulars of Remuneration Name of MD/WTD/ Total Amount
Mr. Anil Nagpal Managing Director
1. Gross salary (Rs.)
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act 1961 Nil Nil
(b) Value of perquisites u/s 17(2) of the Income-tax Act 1961 Nil Nil
(c) Profits in lieu of salary under section 17(3) of the Income-tax Act 1961 Nil Nil
2. Stock Option Nil Nil
Nil
Nil
3. Sweat Equity Nil Nil
4. Commission Nil Nil
- as % of profit
- others specify
5. Others please specify Nil Nil
Total (A) Nil Nil
Ceiling as per the Act Nil

B. Remuneration to other directors:

Sr. No. Particulars of Remuneration Name of Directors Total Amount
Independent Directors Dr Avinash Kulkarni MrJayesh Parmar
• Fee for attending board / committee meetings 16000/- 16000/- 16000/-
• Commission Nil Nil Nil
• Others please specify Nil Nil Nil
Total (1) 16000/- 16000/- 32000/-
Other Non-Executive Directors
• Fee for attending board / committee meetings Nil Nil Nil
• Commission Nil Nil Nil
• Others –Conveyance Exp. Nil Nil Nil
Total (2) Nil Nil Nil
Total (B)=(1+2) 16000/- 16000/- 32000/-

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

Sr. No. Particulars of Remuneration CEO &Whole Time Director Company Secretary CFO Total
1. Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act 1961 Nil 301740 - 301740
(b) Value of perquisites u/s 17(2) of the Income-tax Act 1961 Nil - - -
(c) Profits in lieu of salary under section 17(3) of the Income-tax Act 1961
2. Stock Option Nil Nil Nil Nil
3. Sweat Equity Nil Nil Nil Nil
4. Commission Nil Nil Nil Nil
- as % of profit
- others specify
5. Others please specify Nil Nil Nil Nil
Total (A) - 301740 - 301740

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OFOFFENCES:

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

.