You are here » Home » Companies » Company Overview » High Street Filatex Ltd

High Street Filatex Ltd.

BSE: 531301 Sector: Others
NSE: N.A. ISIN Code: INE319M01011
BSE 00:00 | 14 Oct 11.86 0.56
(4.96%)
OPEN

11.86

HIGH

11.86

LOW

11.86

NSE 05:30 | 01 Jan High Street Filatex Ltd
OPEN 11.86
PREVIOUS CLOSE 11.30
VOLUME 87
52-Week high 15.00
52-Week low 9.61
P/E
Mkt Cap.(Rs cr) 1
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 11.86
CLOSE 11.30
VOLUME 87
52-Week high 15.00
52-Week low 9.61
P/E
Mkt Cap.(Rs cr) 1
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

High Street Filatex Ltd. (HIGHSTREETFILA) - Director Report

Company director report

To

Dear Members

High Street Filatex Limited

Your Directors have immense pleasure in presenting the 26th Annual Report onthe business and operations of your Company together with the Audited FinancialStatements for the financial year ended on March 31 2020.

1. FINANCIAL PERFORMANCE

The performance of the Company for the Financial Year ended March 31 2020 issummarized as below:

Amount in Rs.

Particulars F.Y. 2019-20 F.Y. 2018-19
Total Revenue 2281788/- 29211664/-
Less: Total Expenditure 5045683/- 31042287/-
Profit/(Loss) before Tax (2763895)/- (1830623)/-
Tax Expenses NIL NIL
Profit/(Loss) after Tax (2763895)/- (1830623)/-

2. STATE OF COMPANY'S AFFAIRS AND FUTURE OUTLOOK

During the year under review total revenue of the Company was Rs. 2281788/- ascompared to Rs. 29211664/- in the previous year in the past years the company startedtrading of yarn commodities and manufacturing into wide range of socks but due to highmanufacturing and other expenses and lesser sales the company incurred a net loss of Rs.2763895/- from the operations during the year under review. The Directors are putting intheir best efforts to improve the performance of the Company.

Management is planning to establish new project with the object of attainment of betterfuture & growth. Consequent to such establishment innovative knitting products willbe developed and launched and wide new range of socks for all type of age groups wristbands and headbands will be produced but currently COVID-19 has impacted on the businessof the company and this cannot be ascertained how long this impact continues on thebusiness but for the betterment board has taken all the precautionary measures to keepthe business stable and sustainable.

The Company is determined to following all the SOPs as issued by the Central/StateGovernment and other statutory bodies. In this regards Company is following the measuresof social distancing sanitizing the place of work and making such adjustment by whichall the works could be done digitally. It seems that there might be stress in futurebusiness due to this pandemic but we can overcome and keep the Company stable by followingthe

SOPs as issued time to time by the Central/State Government and other statutory bodies.

3. Share Capital

The paid up Share Capital of the Company as on March 31 2020 is mentioned below:

Paid up Equity Share Capital: Rs. 6470000 Paid up Preference Share Capital: Rs.27800000

Further the Consent of the Preference Shareholder is obtained to extend the date ofredemption in respect of preference shares so as a result the said shares shall beredeemed on or before any time up to 07.10.2028.

4. DIVIDEND

In view of losses incurred during the year under review your Directors did notrecommend any dividend for the Financial Year 2019-20.

5. AMOUNTS TRANSFERRED TO RESERVES

No amount is proposed to be transferred to general reserves for the financial yearended on March 31 2020.

6. ASSOCIATE COMPANIES JOINT VENTURE AND SUBSIDIARY COMPANIES

During the year under review there was no associate Joint Venture and subsidiaryCompany.

7. EXTRACT OF ANNUAL RETURN

Pursuant to section 134 (3) (a) and section 92 (3) of the Companies Act 2013(hereinafter referred as "Act") read with Rule 12 of the Companies (Managementand Administration) Rules 2014 as amended an extract of Annual Return as on March 312020 in form MGT-9 has been prepared and enclosed as Annexure-1 which forms part of thisreport.

8. NUMBER OF BOARD MEETINGS

Board meetings are conducted in accordance with the provisions of the Act read withArticles of Association of the Company SEBI (Listing Obligations and DisclosureRequirements) Regulations 2015 (hereinafter referred as SEBI Listing Regulations ) andSecretarial Standard -1. The Board meets at regular intervals (at least once in a calendarquarter) to discuss and decide on business strategies/policy and review the financialperformance of the Company. The Board meetings are pre-scheduled and a tentative annualcalendar of the Board meetings is circulated to the Directors well in advance tofacilitate the Directors to plan their schedules and to ensure meaningful participation inthe meetings further notice of each Board Meeting is given well in advance in writing to

3all the Directors. The agenda along with relevant notes and other materialinformation are sent in advance separately to each Director. In case of Businessexigencies the Board's approval is taken through circular resolution except in the caseswhich has been restricted by the act which is noted and confirmed at the subsequent Boardmeeting. During the Financial Year every Board Meeting was conducted in accordance withall the relevant provisions applicable.

The Chief Financial Officer of the Company was invited to attend all the BoardMeetings. Other senior managerial personnel are called as and when necessary to provideadditional inputs for the items being discussed by the board.

3The Whole-time Director and the Chief Financial Officer of the Company make thepresentation on the quarterly and annual operating & financial performance of theCompany operational health & safety and other business issues.

3The draft of the minutes prepared by Company Secretary is circulated among theDirectors for their comment/suggestion within 15 days of meeting and finally afterincorporating their views final minutes are recorded in the books within 30 days ofmeeting.

3Post meeting important decisions taken are communicated to the concerned officialsand department for the effective implementation of the same.

The Board of Directors met to discuss and decide on Company's business policy andstrength apart from other normal Board business. During the year 2019-20 7 (Seven) BoardMeetings were held and the intervening gap between the meetings was within the periodprescribed under the Companies Act 2013 Secretarial Standard-1 and the SEBI ListingRegulations. The dates on which the said meetings were held are as follows:

Tuesday April 16 2020 Friday April 19 2019 Monday May 2019 20 Tuesday August 2019 13
Tuesday August 27 2019 Saturday November 09 2019 Tuesday February 11 2020

9. PARTICULARS OF LOANS GIVEN INVESTMENTS MADE GUARANTEES GIVEN AND SECURITIESPROVIDED BY THE COMPANY U/s 186

During the year under review the company has not given any loans or guarantee orprovided security in connection with a loan nor it has acquired by way of subscriptionpurchase or otherwise the securities of any other body corporate.

10. PARTICULARS OF CONTRACT OR

ARRANGEMENT WITH RELATED PARTIES

All transactions entered into by the company with Related Parties as defined under theAct and SEBI Listing Regulations during the financial year 2019-20 were in the ordinarycourse of business and on an arm's length pricing basis and do not attract the provisionsof Section 188 of the Act. There are also no materially significant related partytransactions during the year under review made by the Company with Promoters DirectorsKey Managerial Personnel or other designated persons which may have a potential conflictwith the interest of the Company at large. Thus disclosure in Form AOC-2 is not required.

The company follows a documented framework for identifying entering into andmonitoring the related party transactions. The deviations if any to the said processhave been brought to the attention of Audit Committee suitably.

The policy on dealing with and materiality of Related party transactions has beenplaced on the Company's website and can be accessed at the following link:

http://www.highstreetfilatex.in/asp/Related%20Party%20 Policy.pdf

11. MATERIAL CHANGES AND COMMITMENTS

IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY/CHANGE IN NATURE OF THEBUSINESS

There were no material changes occurred and commitments took place between the end ofthe financial year to which this financial statements relate and the date of this Reportwhich can affect the financial position of the Company.

Further in the last of the quarter four(q4) of the Financial Year 2019-20 the countriesworldwide started to witness the Pandemic COVID-19 and it had shaken the economy not onlyof the India but also Global. The health was the issue and to contain the spread of thePandemic COVID-19 Central/State government(s) had taken several steps which was necessaryfor the containment of the spread of the Pandemic and the Indian Government imposedcomplete lockdown in the whole India so that transmission of the virus can be reduced andcontrolled. Everyone were locked in the homes/other places and there was no free movementallowed except the essential services and by respecting the orders of the lockdowncompany was not operating during the lockdown period but currently COVID-19 has impactedon the business of the company and this cannot be ascertained how long this impactcontinues on the business but for the betterment board has taken all the precautionarymeasures to keep the business stable and sustainable

12. SIGNIFICANT AND MATERIAL ORDERS

In pursuance to Rule 8 (5) (vii) of the Companies (Accounts) Rules 2014 nosignificant or material orders were passed by the regulators or courts or tribunalsimpacting the going concern status and Company's operations in future.

13. RISK MANAGEMENT POLICY

In compliance with the requirements of regulations contained in the SEBI ListingRegulations and the provisions of the Act Company has a Risk Management Policy toidentify and assess the key risk areas monitor and report compliance and effectiveness ofthe policy and procedure. Company has a well-established Risk Management framework inplace for identification evaluating and management of risks including the risks whichmay threaten the existence of the Company. In line with Company's commitment to deliversustainable value this framework aims to provide an integrated and organized approach forevaluating and managing risks. A detailed exercise is carried out to identify evaluatemanage and monitor the risks. The Board periodically reviews the risks and suggests stepsto be taken to control and mitigate the same through a properly defined framework. Thedetailed risk management policy of company is available on the following weblink:http://www.highstreetfilatex.in/asp/Policy%20on%20Risk %20Management.pdf

14. BOARD OF DIRECTORS AND KEY

MANAGERIAL PERSONNEL

An active informed and independent Board is a prerequisite for strong and effectivecorporate governance. The Board plays a crucial role in overseeing how the managementsafeguards the interests of all the stakeholders. The Board ensures that the Company hasclear goals aligned to the shareholders' value and growth.

The Board critically evaluates strategic direction of the Company and exercisesappropriate control to ensure that the business of the Company is conducted in the bestinterests of the shareholders and society at large. The Board is duly supported by theWhole time Director Key Managerial Personnel and Senior Management Personnel in ensuringeffective functioning of the Company.

During the year:-

? Board of the Company accepted the resignation of Mrs. Sabita Roy (DIN: 06791036)for the Directorship and from the post of Chief Financial officer of the Company witheffect from August 13 2019

? Mr. Bhagwan Singh (DIN:02305246) Whole-time Director of the Company retired byrotation and being eligible for re-appointment was reappointed in the last AGM and Mrs.Aishwarya Sethia (DIN: 02979618) Director and CFO of the Company was regularized with theapproval of the members in the 25th Annual General Meeting held on September27 2020.

? Ms. Gunjan Partani Company Secretary and Compliance officer of the Companyresigned from her post with effect from January 07 2020 due to personal reasons and priorengagements.

There were no change in the Board of Director of the Company occurred after the closureof the Financial Year.

After the closure of the Financial Year on recommendation of the Nomination andRemuneration Committee Board of the Company in their meeting held on May 30 2020approved appointment of Mr. Vibhor Kumawat as Company Secretary and Compliance officer ofthe Company with effect from June 01 2020.

? Composition of the Board

The Composition & category of the Directors along with their attendance at BoardMeetings previous AGM & Shareholdings as on March 31 2020 are given below:-

S. No. Name of the Director Category of Director

No. of Board Meetings

Attendance of Last AGM held on September 27 2019 No of Shares held % of holding
Held during the tenure Attended
1. Mr. Bhagwan Singh ED* 7 7 YES 6299 0.97
2. Mr. Devendra Palod INE** 7 7 YES NIL NIL
3. Mr. Raj Deep Ghiya INE** 7 7 YES NIL NIL
4. Mr. Rajneesh Chindalia INE** 7 7 YES NIL NIL
5. Mrs. Sabita Roy (Upto August 13 2019) NE*** 4 4 No NIL NIL
6. Mrs. Aishwarya Sethia (W.e.f August 13 2019) NE*** 3 3 YES 7497 1.16

*ED-Executive Director

**INE- Independent Non Executive

*** NE- Non Executive

The composition of the Board reflects the judicious mix of professionalism competenceand sound knowledge which enables the Board to provide effective leadership to theCompany. The Board periodically evaluates the need for change in its size and compositionto ensure that it remains aligned with statutory and business requirements. None of theDirector hold office as a director including any alternate directorship in more thantwenty companies nor is a Director on the Board of more than ten Public Companies or actsas an Independent Director in more than seven Listed Companies. Further none of theDirector is a Member of more than ten Committees or Chairman of more than five Committeesacross all the Companies in which he/she is a Director. The Company has issued the formalletter of appointment to all the Independent Directors as prescribed under the provisionsof the Act and the terms and conditions of their appointment has been uploaded on thewebsite of the Company.

The Board is entrusted with ultimate responsibility of the management directions andperformance of the Company. Board conducts and exercises the overall supervision andcontrol by setting the goals and policies reporting mechanism and decision makingprocesses to be followed.

? Retirement by rotation and subsequent reappointment

In terms of Articles of Association of the Company read with Section 152 of the ActMrs. Aishwarya Sethia (DIN: 02979618) Director and CFO of the company retires by rotationat the ensuing Annual General Meeting and being eligible offers herself re-appointment.The Board of Directors of the Company recommends this reappointment at the ensuing AnnualGeneral Meeting.

15. DECLARATION OF INDEPENDENCE BY

INDEPENDENT DIRECTORS

The Company has received declarations from all the independent Directors confirmingthat they meet the criteria of independence as prescribed under the provisions of the Actread with the schedule IV and Rules issued there under as well as clause (b) of thesub-regulation (1) of Regulation 16 of the SEBI Listing Regulations. Independent Directorshave complied with the Code for Independent Directors prescribed in Schedule IV to the Actand in terms of Regulation 25(8) of the SEBI Listing Regulations the IndependentDirectors have confirmed that they are not aware of any circumstance or situation whichexist or may be reasonably anticipated that could impair or impact their ability todischarge their duties.

16. PUBLIC DEPOSITS

During the year under review company has neither invited nor accepted or renewed anyfixed deposit in terms of provisions of the Act read with the Companies (Acceptance ofDeposits) Rules 2014.

17. PARTICULARS OF CONSERVATION OF

ENERGY ABSORPTION OF TECHNOLOGY AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The information on conservation of energy technology absorption and foreign exchangeearnings and outgo during the financial year as required to be disclosed pursuant toSection 134(3)(m) of the Act read with Rule 8 of the Companies (Accounts) Rules 2014 aregiven to the extent applicable in "Annexure- 2" forming part of this report.

18. STATUTORY AUDITORS

Pursuant to the provisions of Section 139 of the Act during the year M/s R Sogani &Associates Chartered Accountants Jaipur (FRN: 018755C ) were appointed as StatutoryAuditors of the Company to hold office for a period of 5 years commencing from theconclusion of this 25th Annual General Meeting until the conclusion of the 30thAnnual General Meeting.

Further pursuant to Section 139 and 141 of the Act and relevant Rules prescribed thereunder the Company has received certificate from the Auditors to the effect that they arenot disqualified under the provisions of applicable laws and also that there are nopending proceedings against them or any of their partners with respect to professionalmatters of conduct. As required under Regulation 33 of the SEBI Listing Regulations theStatutory Auditors have also confirmed that they hold a valid certificate issued by thePeer Review Board of the Institute of Chartered Accountants of India.

19. STATUTORY AUDITOR'S REPORT

The Board has duly received the Statutory Auditor's Report on the financial Statementsof the company for the financial year ended March 31 2020 and the observations made bythe Auditors are self3explanatory and have been dealt with in Independent AuditorsReport & its annexures and hence do not require any further clarification.

The Report given by the Auditors on the financial statements of the Company is formingpart of the Annual Report. There has been no qualification reservation adverse remark ordisclaimer given by the Auditors in their Report.

Further the Auditors have not reported any incident of fraud in the Company for theyear under review under section 143(12) of the Act.

20. SECRETARIAL AUDITOR & SECRETARIAL

AUDIT REPORT

The Board of Directors of the company has appointed M/s V. M. & Associates (FRN:P1984RJ039200) Company Secretaries Jaipur as Secretarial Auditor of the Company toconduct secretarial audit of the secretarial records for the Financial Year 2018-19.

The Secretarial Audit Report for the financial year ended 31st March 2020under Companies Act 2013 read with rules made there under in Form MR-3 obtained from M/sV. M. & Associates Practicing Company Secretaries Jaipur forms part of this AnnualReport as "Annexure-3".

The Secretarial Audit Report was self-explanatory and states that the Company hascomplied with the provisions of the Act Rules Regulations Guidelines Standards etc.mentioned above except Non-fulfillment of certain listing compliances as per theregulations and circulars issued by the Securities and Exchange Board of India.

Further for the above observation the management is of opinion that all suchnon-fulfillment occurred unintentionally/inadvertently and keeping the same in mind wehave made our best efforts (such as daily tracking of new circulars and updates for otheramendments thereof) so that such non-fulfillment situation does not arise in future.

The Company had received consent from M/s V. M. & Associates to act as auditor forconducting audit of the secretarial records for the financial year ending March 31 2020.

Further the Board has also re-appointed V. M. & Associates (FRN: P1984RJ039200)Company Secretaries in Practice Jaipur as Secretarial Auditor of the Company to conductsecretarial audit for the Financial Year 2020-21. They have confirmed that theireligibility for the said appointment.

During the financial year 2019-20 no fraud was reported by the Secretarial Auditor ofthe Company in their Audit Report.

21. INTERNAL AUDITOR

Pursuant to Section 138 of Act read with Rule 13 of the Companies (Accounts) Rules2014 every Listed Company is required to appoint an Internal Auditor or a firm ofInternal Auditors to carry out Internal Audit of the Company. As per the requirements ofAct we had appointed CA Padmini Palod Membership No. 074922 as the Internal Auditor of theCompany for the financial Year 2019-20 for conducting Internal Audit. In compliance withthe aforesaid requirements the board has re-appointed CA Padmini Palod as internalauditor to conduct the Internal Audit of the Company for the Financial Year 2020-21.

During the financial year 2019-20 no fraud was reported by the Secretarial Auditor ofthe Company in their Audit Report.

22. CORPORATE GOVERNANCE

Pursuant to the provisions of Regulation 15 and Chapter V of the SEBI ListingRegulations Companies having paid up equity share capital not exceeding Rs. 10 Crore andNet Worth not exceeding Rs. 25 Crore as on the last day of the previous financial yearare not required to comply with the provisions of Regulation 27 of SEBI ListingRegulations.

As per the Audited Financial Statements of the Company the paid-up Equity Share and Networth does not exceed the limit as mentioned above; hence compliance with the provisionsof the Corporate Governance are not applicable to the Company.

However our Company has complied with all the disclosures and requirements which areapplicable under all the rules regulations for the time being in force.

23. MANAGEMENT DISCUSSION AND

ANYALISIS REPORT

In compliance with the Regulation 34 (2) of SEBI Listing Regulations the ManagementDiscussion and Analysis Report giving details of overall industry structure developmentsperformance and state of affairs of Company's business forms an integral part of thisReport as "Annexure No:4".

24. PARTICULARS OF EMPLOYEES

None of the employees of the company was in receipt of the remuneration exceeding thelimits prescribed u/s 197 (12) of the Act read with rule 5 sub-rule 2 of the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014(as amended)during theyear under review.

Information as required by the provisions of Section 197 of the Act read with Rule 5of Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014 is givenunder:

Name Bhagwan Singh Gunjan Partani
Age 38 25
Designation of the Employee Whole Time Director Company Secretary and Compliance Officer
Qualification B.A. CS and M.Com.
Remuneration received for the year 120000/- 195359/-
Date Of Commencement of Employment in the Company September 10 2013 April 19 2019
Experience 6 years Fresher at the time of appointment
Nature of Employment whether contractual or Contractual Other
Percentage of the 6299 Shares NIL
Shareholding held in the Company by the employee along with the spouse and dependent children (0.97 %)
Name of Director/Manager of whom whom such employee is a relative NIL NIL
Last Employment HR at High Street Fashions Limited NA

The ratio of the remuneration of each director to the median employee's remunerationand other details in terms of sub section 12 of Section 197 of the Companies Act 2013read with Rule 5(1) of The Companies (Appointment and Remuneration of ManagerialPersonnel) Rules 2014 are forming part of this report as Annexure 7.

25. LISTING REGULATIONS

During the period under review the company has complied with all the mandatoryrequirements of SEBI Listing Regulations and other applicable regulations.

26. NOMINATION AND REMUNERATION POLICY

The current policy is to have an appropriate mix of executive and Non ExecutiveDirectors to maintain the independence of the Board and separate its function ofgovernance and management. As on March 31 2020 the Board consists of 5 Directors out ofwhich 3 are Non Executive Independent directors one Non executive Woman Director and oneExecutive Director. The Board periodically evaluates the need for change in itscomposition and size.

The policy of the Company on directors' appointment and remuneration includingcriteria for determining qualifications positive attributes independence of a directorand other matters provided under Sub Section(3) of Section 178 of Act adopted by theBoard is available on the following weblink:http://www.highstreetfilatex.in/asp/nomination-and-remuneration-policy.pdf.

The remuneration paid to the Directors is in accordance with the Nomination andRemuneration Policy formulated in accordance with Section 178 of the Act.

27. BOARD EVALUATION & FAMILARIZATION

PROGRAMME

The Nomination and Remuneration Committee of the Board is authorized to formulate aprocess for evaluating the performance of Individuals Directors Committee of the Boardand the Board as a whole.

The parameters for the performance evaluation of the Board interalia includeperformance of the Board on deciding long term strategy rating the composition and mix ofBoard members discharging of governance and fiduciary duties handling critical anddissenting suggestions etc. and such evaluation was done by the means of questionerscirculated to all the directors.

The parameters for the performance evaluation of the Directors include attendanceeffective participation in meetings of the Board domain knowledge vision strategy etc.

The Chairman of the respective Committees based on the feedback received from thecommittee members on the outcome of performance evaluation exercise of the committeeshares a report to the Board.

Board Level Performance Evaluation

The Act and SEBI Listing Regulations stipulates the performance evaluation of theDirectors including Chairman Board and its Committees. Considering the said provisionsthe Company has devised the process and the criteria for the performance evaluation whichhas been recommended by the Nomination & Remuneration committee and approved by theBoard. During the year the Board of Directors has carried out an annual performanceevaluation of its own performance board committees and Individual Directors based on anindicative list of factors.

The process for formal annual performance evaluation is as under: • IndependentDirectors of the company at their separate meeting evaluates the performance of Whole TimeDirector Non- Executive Directors Chairman of the Company and the Board as a whole.

• The Board evaluates the performance of the Independent Directors (excluding thedirector being evaluated) and submit its report to the Nomination & RemunerationCommittee.

• The Board evaluated the performance of Board Committees.

• Nomination & Remuneration Committee evaluate/ review the performance of eachDirector recommends

3 appointment/reappointment/ continuation of Directors to the Board. Based on therecommendation of Nomination &Remuneration Committee Board will take the appropriateaction.

The criteria for performance evaluation are as under:

Performance Evaluation of Non-Executive Directors and Chairman

Participation at Board / Committee Meetings Managing Relationship Knowledge andskill Personal attributes Compliance and Corporate Governance; Leadership; StrategyFormulation Strategy Execution Financial Planning/Performance Relationships with theBoard Human Resource Management and Succession Planning Personal Qualities Resourcesand Conduct of Meetings.

Performance Evaluation of Board

Composition and Diversity; Strategic Foresight Value Creation Process and ProceduresOversight of the

28. CEO/CFO CERTIFICATION

As required under Regulation 17 of the SEBI Listing Regulations the CEO/CFO certificatefor the Financial Year 2019-20 signed by Mr. Bhagwan Singh Chairman cum Whole timeDirector and Mrs. Aishwarya Sethia Director & Chief Financial Officer of the companywas placed before the Board of Directors of the Company at their meeting held on June 292020 and is annexed to the Board report as an "Annexure No.5".

29. COMMITTEES OF BOARD

Under the aegis of Board of Directors several committees have been constituted anddelegated powers for different functional areas. The Board Committees are formed withapproval of the Board and function under their guidance. These Board committees play animportant role in overall management of day to day affairs and governance of the Company.The Board committees meet at regular intervals takes necessary steps to perform itsduties entrusted by the Board. To ensure good governance Minutes of the meetings areplaced before the Board to take note.

Under the provisions of the Act and SEBI Listing Regulations the Board of the Companyhave three committees namely:

I. Audit Committee

II. Stakeholders' Relationship Committee

III. Nomination and Remuneration Committee

These are briefly enumerated as under:

3 Financial Reporting Process and Internal Controls Oversight of Audit FunctionsCorporate Governance Corporate Culture Monitoring of business activities Understandingof the business of the Company and Regulatory environment; Contribution to effectivecorporate governance and transparency in the Company's Operations; Deliberations/decisionson the Company's strategies policies plans and guidance to the Executive Management.

Performance Evaluation of Committees

The performance and effectiveness of the Committee; Frequency and duration; Spread oftalent and diversity in the Committee; Understanding of regulatory environment anddevelopments; Interaction with the board. The company conducts Familiarization Programmefor Independent Directors to enable them to understand their roles responsibilities andrights. The details of programme for Familiarization of Independent Directors of yourcompany are available on the following web link(http://www.highstreetfilatex.in/asp/familarization-independent-programme.htm).

I. Audit Committee:

The Audit Committee is duly constituted in accordance with Section 177 of the Act readwith Rule 6 of the Companies (Meetings of Board and its Powers) Rules 2014. It adheres tothe terms of reference prepared in compliance with Section 177 of the Act AND SEBIListing Regulations. The Audit Committee of the company is entrusted with theresponsibility to supervise the Company's internal controls and financial reportingprocess. The Committee acts as a link between the Management the Statutory Auditors theInternal Auditors Secretarial Auditors and the Board of Directors.

a.) Composition:

The Audit Committee comprises of three Directors all of whom are Non-ExecutiveIndependent Directors. All the members of Audit Committee are financially literate andbring in expertise in the fields of finance taxation economics risk and internationalfinance. Mr. Raj Deep Ghiya Independent Director is the Chairman of the Committee. TheAudit Committee seeks to ensure both corporate governance and provides assistance to theBoard of Directors in fulfilling the Board's overall responsibilities. The constitution ofthe Audit Committee is as under:

b.) Extract of Terms of Reference-

The indicative list of terms of reference of the Audit Committee are in accordance withSection 177 of the Act and as per SEBI Listing Regulation are as follows:

(i) the recommendation for appointment remuneration and terms of appointment ofauditors of the company;

(ii) review and monitor the auditor's independence and performance and effectivenessof audit process;

(iii) examination of the financial statement and the auditors' report thereon;

(iv) approval or any subsequent modification of transactions of the company withrelated parties;

(v) scrutiny of inter-corporate loans and investments;

(vi) valuation of undertakings or assets of the company wherever it is necessary;

(vii) evaluation of internal financial controls and risk management systems;

(viii) monitoring the end use of funds raised through public offers and related matters

(ix) review of internal audit reports relating to internal control weakness and discusswith internal auditors any significant findings and follow up thereon;

(x) reviewing the statements of significant related party transactions submitted by themanagement.

(xi) review of the Whistle Blower Mechanism of the Company as per the Whistle BlowerPolicy and overseeing the functioning of the same.

(xii) review and approve policy on materiality of related party transactions and alsodealing with related party transactions.

(xiii) any other matter referred to by the Board of the Directors.

Powers of Audit Committee:

3 To investigate any activity within its terms of reference.

3 To seek information from any employee.

3 To obtain outside legal and professional advice.

c.) Audit Committee Meetings and Attendance-

During the Financial Year 2019-20 5(Five) meetings of the Audit Committee were held.The necessary quorum was present in all the meetings. The Audit Committee Meetings areusually held at the registered office of the Company. The dates of the meetings are:

Monday May 20 2019 Tuesday August 13 2019 Tuesday August 27 2019 Saturday 2019 November 09
Tuesday February 11 2020
Name Position Category

No. of Audit Committee Meeting during the year

Held Attended
Mr. Raj Deep Ghiya Chairman Non Executive (Independent Director)3 5 5
Mr. Devendra Kumar Palod Member Non Executive (Independent Director) 5 5
Mr. Rajneesh Chindalia Member Non Executive (Independent Director) 5 5

? The Audit Committee invites such of the executives as it considers appropriatei.e. the head of the finance (CFO) representatives of the Statutory Auditors etc. toattend the Committee's meetings. The Company Secretary of the Company acts as theSecretary to the Audit Committee.

II. Stakeholders' Relationship Committee:

The Stakeholders Relationship Committee is entrusted with the responsibility ofaddressing the shareholders'/ investors' complaints with respect to transfer transmissionof shares issuance of duplicate share certificate non-receipt of Annual Reportnon-receipt of dividend etc.

This committee overlooks the performance of the Registrar and Share Transfer Agent andto recommend measures for overall improvement in the Quality of Investor services. TheCompany has always valued its customer relationships.

a.) Composition:

Constitution of the Committee is as under:

Name Category
Mr. Devendra Kumar Palod Chairman (Independent Director)
Mr. Rajneesh Chindalia Member (Independent Director)
Mr. Raj Deep Ghiya Member (Independent Director)

b.) Terms of reference of the Stakeholders' Relationship Committee are broadly asunder-

The Stakeholders' Relationship Committee specifically looks into various issues of theShareholders such as:

1. Resolving the grievances of the security holders of the listed entityincluding complaints related to transfer/transmission of shares non-receipt of annualreport non-receipt of declared dividends issue of new/duplicate certificates generalmeetings etc.

2. Review of measures taken for effective exercise of voting rights byshareholders.

3. Review of adherence to the service standards adopted by the listed entity inrespect of various services being rendered by the Registrar & Share Transfer Agent.

4. Review of the various measures and initiatives taken by the listed entity forreducing the quantum of unclaimed dividends and ensuring timely receipt of dividendwarrants/annual reports/statutory notices by the shareholders of the company.

c.) Stakeholders' Relationship Committee Meetings and attendance

During the year 2019-20 01 (one) meeting of the committee was held on Saturday April06 2019. The table below provides the attendance of the Stakeholders' RelationshipCommittee members:

Name Position Category

No. of Stakeholder Relationship Committee Meeting during the year

Held Attended
Mr. Devendra Kumar Palod Chairman Independent Director 1 1
Mr. Raj Deep Ghiya Member Independent Director 1 1
Mr. Rajneesh Chindalia Member Independent Director 1 1

d.) Details of Complaints:

? No. of Complaints received and solved during the year- Q1- Nil Q2- Nil Q3- NilQ4- Nil

? No pending complaints were there as on March 31 2020.

e.) . Company Secretary of the Company acts as the Secretary of the Committee.

III. Nomination and Remuneration Committee-

The Nomination and Remuneration Committee reviews and recommends the payment ofsalaries commission and finalizes appointment and other employment conditions ofDirectors Key Managerial Personnel and other Senior Employees.

? Composition:-

The Nomination and Remuneration Committee has been constituted in order to bring aboutobjectivity in determining the remuneration package while striking a balance between theinterest of the Company and the shareholders.

Criteria for performance evaluation of Independent Directors and the Board As per theprovisions of the SEBI (LODR) Regulations 2015 the Nomination and RemunerationCommittee (the "Committee") has laid down the evaluation criteria forperformance evaluation of Independent Directors and the Board. The manner for performanceevaluation of Directors (including Independent Directors) and Board as whole has beencovered in the Board's Report.

? Extract of Terms of Reference-

The broad terms of reference of the Nomination and Remuneration Committee as amendedfrom time includes the following-

1) formulation of the criteria for determining qualifications positiveattributes and independence of a director and recommend to the board of directors a policyrelating to the remuneration of the directors key managerial personnel and otheremployees;

2) formulation of criteria for evaluation of performance of independentdirectors and the board of directors;

3) devising a policy on diversity of board of directors;

4) identifying persons who are qualified to become directors and who may beappointed in senior management in accordance with the criteria laid down and recommend tothe board of directors their appointment and removal.

5) whether to extend or continue the term of appointment of the independentdirector on the basis of the report of performance evaluation of independent directors.

6) Under take any other matters as the Board may decide from time to time.

? Nomination and remuneration Committee Meetings and attendance - During theFinancial Year 2019-20 02 (two)meetings were held:-

Friday April 19 2019 Tuesday August 13 2019

The table below provides the attendance of the Nomination and Remuneration Committeemembers:

Name Position Category

No. of Nomination & Remuneration Committee Meeting during the year

No. of Shares Held
Held Attended
Mr. Rajneesh Chindalia Chairman Independent Director 2 2 NIL
Mr. Raj Deep Ghiya Member Independent Director 2 2 NIL
Mr. Devendra Kumar Palod Member Independent Director 2 2 NIL

30. VIGIL MECHANISM/WHISTLE BLOWER

POLICY

The Company has a robust vigil mechanism through its whistle blower policy approvedand adopted by the Board of Directors of the Company in compliance with the provisions ofSection 177(10) of the Act.

The policy also provides protection to the employees and Directors who report unethicalpractices and irregularities. Any incidents that are reported are investigated andsuitable action is taken in line with the whistle blower policy. The employees areencouraged to raise voice for their concerns by way

3 of whistle blowing and all the employees have been given access to the AuditCommittee. No personnel have been denied access to the Audit Committee pertaining to theWhistle Blower Policy. The Whistle Blower Policy is available on the following web link:http://www.highstreetfilatex.in/asp/vigil-mechansim.pdf.

The Company has adopted a Code of conduct to regulate monitor and Report trading bythe designated persons (Insider Trading Code) under SEBI (Prohibition of Insider Trading)Regulations 2015.

The code of Practice and procedures for fair disclosure of Unpublished Price SensitiveInformation can be accessed through the following link:http://www.highstreetfilatex.in/asp/Code_of_Practice_and_procedures_for_fair_disclosure_of_UPSI.pdf

31. INTERNAL FINANCIAL CONTROL

The Company's internal financial control framework is commensurate with the size andoperations of the business and is in line with requirements of the Act. The Company haslaid down Standard Operating Procedures and policies to guide the operations of thebusiness. Unit heads are responsible to ensure compliance with the policies and procedureslaid down by the management. Robust and continuous internal monitoring mechanisms ensuretimely identification of risks and issues. The Management Statutory and Internal Auditorsundertake rigorous testing of the control environment of the Company.

The Company has in place adequate internal financial controls with reference tofinancial statements. During the year such controls were tested and no reportablematerial weaknesses in the design or operation were observed.

32. COMPLIANCE WITH SECRETARIAL

STANDARDS

The Institute of Company Secretaries of India a statutory body has issued SecretarialStandards (SS) on various aspects of corporate law and practices. The Company has compliedwith all the Secretarial Standards issued by the Institute of Company Secretaries ofIndia.

33. CODE OF CONDUCT

The Company has adopted a Code of Conduct for all the employees including the membersof the Board and Senior Management Personnel. All the members of the Board and SeniorManagement Personnel have affirmed compliance with the said code of conduct for thefinancial year 2019-20. The declaration to this effect was by signed Mr. Bhagwan SinghWhole Time Director of the company is annexed to this Board report as "Annexure No6".

The Code has been posted on the website (www.highstreetfilatex.in) of the Company. TheCode can be accessed through the following link:http://www.highstreetfilatex.in/asp/ITC-High-street-filatex.pdf.

34. ANTI-SEXUAL HARASSMENT POLICY

The Company's Policy on Prevention of Sexual Harassment at workplace is in line withthe requirements of the Sexual Harassment of Women at

3 3 Workplace (Prevention Prohibition and Redressal) Act 2013 and SexualHarassment of Women at Workplace (Prevention Prohibition and Redressal) Rules 2013framed there under.

The Company conducts sessions for employees across the organization to build awarenessamongst employees about the Policy and the provisions of Prevention of Sexual Harassmentof Women at Workplace Act.

During the Financial Year 2019-20 no complaint of sexual harassment were received bythe company details/particulars for the same are as follows:

Particulars No. of Complaints
No. of Complaints Pending at the Beginning of the Year 0
No. of Complaints Received and Resolved during the Year 0
No. of Complaints Pending at the End of the Year 0

The Company is committed to providing a safe and conducive work environment to all ofits employees and associates.

35. IMPACT OF PANDEMIC COVID-19

In the Global Pandemic situation of COVID-19 even after facing the restrictions/ordersof the Central/State Government of the Company was dedicated and determined to keep itsshareholders updated about everything on time. The Company intimated on time to theshareholders regarding to the suspension of work due to lockdown and there after intimatedregarding to resuming the offices and operations.

Further the advisory as per SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/84 dated May20 2020 and Regulation 30 of the SEBI Listing Regulations the Company circulated theImpact of the COVID-19 on Stock Exchange (BSE Limited) to update the shareholders aboutthe Company.

36. DIRECTORS' RESPONSIBILITY

STATEMENT

Pursuant to the requirement under section 134(5) of the Act with respect to Directors'Responsibility Statement our directors confirm that:

a) In the preparation of the Annual Accounts for the financial year ended March31 2020 the applicable accounting standards and Schedule III of the Companies Act2013have been followed and that no material departures have been made from the same;

b) They have selected such accounting policies and applied them consistently andmade 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 profits of the Company for that period;

c) They have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of the Act

d) for safeguarding the assets of the Company and for preventing and detecting fraudand other irregularities;

e) They have prepared the annual accounts on a going concern basis;

f) They have laid down internal financial controls for the Company and suchinternal financial controls are adequate and operating effectively; and

They have devised proper systems to ensure compliance with the provisions of allapplicable laws and such systems are adequate and operating effectively.

37. ACKNOWLEDGEMENT/APPRECIATION

The Board of Directors place on record their deep appreciation to employees at alllevels for their hard work dedication and commitment. The enthusiasm and unstintingefforts of the employees have enabled the Company to retain its Brand within the sector.

The Board places on record its appreciation for the support and co-operation to Companyhas been receiving from its suppliers distributors retailers and others associated withit as its trading partners. Company looks upon them as partners in its progress and hasshared with them the rewards of growth. It will be Company's endeavor to build and nurturestrong links with the trade based on mutuality of benefits respect for and co-operationwith each other consistent with consumer interests.

The Board of Directors also take this opportunity to thank all Shareholders ClientsVendors Banks Government and Regulatory Authorities and Stock Exchanges for theircontinued support.

Reg Office: B-17 IInd For and on behalf of
Floor 22 Godam Board of Directors
Industrial Area Jaipur High Street Filatex
-302006 (Rajasthan) Limited
Date: August 122020 Sd/-
Place: Jaipur Bhagwan Singh
Chairman and Whole-
time Director
DIN: 02305246

"ANNEXURE- 1"

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 L18101RJ1994PLC008386
ii Registration Date 24/05/1994
iii Name of the Company High Street Filatex Limited
Category/Sub-category of the Company iv Company limited by shares/ Indian Non Government Company
v.Address of the Registered office contact details & website B-17 IInd Floor 22 Godam Industrial Area Jaipur- 302006 www.highstreetfilatex.in
vi Whether listed company Yes
Name Address & contact details of the vii Registrar & Transfer Agent if any. Beetal Financial and Computer Services (P) Limited; "Beetal House" 3rd Floor 99 Madangir Behind Local Shopping Centre Near Dada Harsukhdas Mandir New Delhi-110062 Ph. No.: 91-011-2996128129961282 Fax No.: 91-011- 29961284; Website: www.beetalfinancial.com E-mail Id: beetalrta@gmail.com

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All the business activities contributing 10% or more of the total turnover of thecompany shall be stated

SL No Name & Description of main products/services NIC Code of the Product % to total turnover of the company
1 Socks 1410 0

III. PARTICULARS OF HOLDING SUBSIDIARY & ASSOCIATE COMPANIES

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

IV. SHAREHOLDING PATTERN (Equity Share capital Break up as % of total Equity)

i) Category Wise Shareholding

Category of Shareholders

No. of Shares held at the beginning of the year as on 1st April 2019

No. of Shares held at the end of the year as on 31st March 2020

% change during the year
Demat Physical Total % of Total Shares Demat Physical Total % of Total Shares
A. Promoters
(1) Indian
a) Individual/HUF 158143 0 158143 24.44 158143 0 158143 24.44 0.00
b) Central Govt
c) State Govt.(s)
d) Bodies Corporates
e) Bank/FI
f) Any other 0 0 0 0 0 0 0 0 0.00
SUB TOTAL:(A) (1) 158143 0 158143 24.44 158143 0 158143 24.44 0.00
(2) Foreign 0 0 0 0 0 0 0 0 0
a) NRI- Individuals 0 0 0 0 0 0 0 0 0
b) Other Individuals 0 0 0 0 0 0 0 0 0
c) Bodies Corp. 0 0 0 0 0 0 0 0 0
d) Banks/FI 0 0 0 0 0 0 0 0 0
e) Any other... 0 0 0 0 0 0 0 0 0
SUB TOTAL (A) (2) 0 0 0 0 0 0 0 0 0
Total Shareholding of Promoter (A) = (A)(1)+(A)(2) 158143 0 158143 24.44 158143 0 158143 24.44 0.00
B. PUBLIC SHAREHOLDING
(1) Institutions
a) Mutual Funds 0 0 0 0 0 0 0 0 0
b) Banks/FI 0 0 0 0 0 0 0 0 0
C) Central govt 0 0 0 0 0 0 0 0 0
d) State Govt.(s) 0 0 0 0 0 0 0 0 0
e) Venture Capital Funds 0 0 0 0 0 0 0 0 0
f) Insurance Companies 0 0 0 0 0 0 0 0 0
g) FIIS 0 0 0 0 0 0 0 0 0
h) Foreign Venture Capital Funds 0 0 0 0 0 0 0 0 0
i) Others 0 0 0 0 0 0 0 0 0
(specify)
SUB TOTAL (B)(1): 0 0 0 0 0 0 0 0 0
(2) Non Institutions
a) Bodies corporates
i) Indian 233823 870 234693 36.27 233732 870 234602 36.26 -0.01
ii) Overseas
b) Individuals
i) Individual shareholders holding nominal share capital upto Rs.1 lakhs 120818 127132 247950 38.32 110709 126712 237421 36.70 -1.62
ii) Individual shareholders holding nominal share capital in excess of Rs. 1 lakhs 0 0 0 0.00 10500 0 10500 1.62 1.62
c) Others 0 0 0 0 0 0 0 0 0
i) Directors and their relatives 0 0 0 0 0 0 0 0 0.00
ii)NRI 125 4010 4135 0.64 125 4010 4135 0.64 0.00
iii) HUF 2059 20 2079 0.32 2179 20 2199 0.34 0.02
SUB TOTAL (B)(2): 356825 132032 488857 75.56 357245 131612 488857 75.56 0.00
Total Public Shareholding (B)= (B)(1)+(B)(2) 356825 132032 488857 75.56 357245 131612 488857 75.56 0.00
C. Shares held by Custodian for GDRs & ADRs 0 0 0 0 0 0 0 0 0
Grand Total (A+B+C) 514968 132032 647000 100.00 515388 131612 647000 100.00 0.00

ii)SHARE HOLDING OF PROMOTERS

Sl Shareholders No. Name

Shareholding at the beginning of the year

Shareholding at the end of the year

% change in share holding during the year
No. of shares % of total shares of the company % of shares pledged/ encumbered to total shares No. of share % of total shares of the company % of shares pledged encumbere d to total shares
1 Aishwarya Sethia 7497 1.16 0 7497 1.16 0 0.00
2 Raj Kumar Sethia 150646 23.28 0 150646 23.28 0 0.00
Total 158143 24.44 0.00 158143 24.44 0.00 0.00

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

Share holding at the beginning of the Year

Cumulative Share holding during the year

No. of Shares % of total shares of the company No of shares % of total shares of the company
1 Aishwarya Sethia
At the beginning of the year 7497 1.16 7497 1.16
Date wise increase/decrease in Share holding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonus /sweat equity etc) No Change No Change No Change No Change
At the End of the year 7497 1.16 7497 1.16
2 Raj Kumar Sethia
At the beginning of the year 150646 23.28 150646 23.28
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) No Change No Change No Change No Change
At the End of the year 150646 23.28 150646 23.28

iv)Shareholding Pattern of top ten Shareholders (other than Directors Promoters &Holders of GDRs & ADRs)

For Each of the Top 10 Shareholders

Shareholding at the beginning of the year

Cumulative Shareholding during the year end of year

No.of shares % of total shares of the company No of shares % of total shares of the company
1 Cabtech India Pvt. Ltd.
At the beginning of the year 44833 6.92 44833 6.92
Received 9800 shares of the Company by way of transfer on 9800 1.51 54633 8.44
March 06 2020 At the End of the year 54633 8.43 54633 8.44
2 Ashini Texfab Pvt. Ltd.
At the beginning of the year 28910 4.47 28910 4.47
Date wise increase/decrease in Share holding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonu s/sweat equity etc) NIL NIL NIL NIL
At the End of the year 28910 4.47 28910 4.47

 

3 Dulichand Jethmal
Trading Pvt Ltd
At the beginning of the year 28068 4.34 28068 4.34
Date wise increase/decrease in Share holding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonus /sweat equity etc) NIL NIL NIL NIL
At the End of the year 28068 4.34 28068 4.34
4 Dhan Kuber Infra Pvt. Ltd.
At the beginning of the year 23000 3.55 23000 3.55
Date wise increase/decrease in Share holding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonus /sweat equity etc) NIL NIL NIL NIL
At the End of the year 23000 3.55 23000 3.55

 

5 Techmech Steel Private Ltd.
At the beginning of the year 32414 5.01 32414 5.01
Transferred 9800 shares of the Company on March 06 2020 (9800) (1.51) 22614 3.50
At the End of the year 22614 3.50 22614 3.50
6 Techmech Electricals Private Ltd.
At the beginning of the year 18600 2.87 18600 2.87
Date wise increase/decrease in Share holding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonus /sweat equity etc) NIL NIL NIL NIL
At the End of the year 18600 2.87 18600 2.87
7 Jethmal Shreechand Trading Pvt. Ltd.
At the beginning of the year 17400 2.69 17400 2.69
Date wise increase/decrease in Share holding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonus /sweat equity etc) NIL NIL NIL NIL
At the End of the year 17400 2.69 17400 2.69
8 Neeta Resorts and Spa Pvt. Ltd.
At the beginning of the year 15450 2.39 15450 2.39
Date wise increase/decrease in Share holding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonus /sweat equity etc) NIL NIL NIL NIL
At the End of the year 15450 2.39 15450 2.39
9 Prateek Rajendra Gandhi
At the beginning of the year 10000 1.55 10000 1.55
Purchased 500 shares of the Company on August 16 2019 500 0.08 10500 1.62
At the End of the year 10500 1.55 10500 1.62
10 APPROACH PROPERTIES PRIVATE LIMITED
At the beginning of the 3 year 9971 1.54 9971 1.54
Date wise increase/decrease in Share holding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonus /sweat equity etc) NIL NIL NIL NIL
At the End of the year 9971 1.54 9971 1.54

v)Shareholding of Directors & Key Managerial Personnel

Sl. For Each of the Directors No and KMP

Shareholding at the begning of the

Cumulative Shareholding during the

No.of shares % of total shares of the company No of shares % of total shares of the company
1 Bhagwan Singh
At the beginning of the year 6299 0.97 6299 0.97
Date wise increase/decrease in Share holding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonus /sweat equity etc) NIL NIL NIL NIL
At the End of the year 6299 0.97 6299 0.97
2 Devendra Kumar Palod NIL NIL NIL NIL
At the beginning of the year NIL NIL NIL NIL
Date wise increase/decrease in Share holding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonus /sweat equity etc) NIL NIL NIL NIL
At the End of the year NIL NIL NIL NIL
3 Rajdeep Ghiya
At the beginning of the year NIL NIL NIL NIL
Date wise increase/decrease in Share holding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonus /sweat equity etc) NIL NIL NIL NIL
At the End of the year NIL NIL NIL NIL
4 Rajneesh Chindalia
At the beginning of the year NIL NIL NIL NIL

 

Date wise increase/decrease in Share holding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonus /sweat equity etc) NIL NIL NIL NIL
At the End of the year NIL NIL NIL NIL
5 Sabita Roy*
At the beginning of the year NIL NIL NIL NIL
Date wise increase/decrease in Share holding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonus /sweat equity etc) NIL NIL NIL NIL
At the End of the year NIL NIL NIL NIL
6 Aishwarya Sethia*
At the beginning of the year 7497 1.16 7497 1.16
Date wise increase/decrease in Share holding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonus /sweat equity etc) No Change No Change No Change No Change
At the End of the year 7497 1.16 7497 1.16
7 Gunjan Partani**
At the beginning of the year NIL NIL NIL NIL
Date wise increase/decrease in Share holding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonus /sweat equity etc) NIL NIL NIL NIL
At the End of the year NIL NIL NIL NIL

*Ms. Sabita Roy Director and CFO of the Company resigned from her post on August 132019 and Mrs. Aishwarya Sethia was appointed as Director and CFO of the Company w.e.f.August 13 2019.

** Ms. Gunjan Partani Resigned from the post of Company secretary and Complianceofficer of the Company w.e.f from January 07 2020.

V) INDEBTEDNESS

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

(Amount in Rs)

Unsecured Loans Deposits Total Indebtednes
Indebtness at the beginning of the financial year
i) Principal Amount 244000 - 244000 -
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) 244000 - 244000 -
Change in Indebtedness during the financial year
Additions - - - -
Reduction -244000 - -244000 -
Net Change -244000 - -244000 -
Indebtedness at the end of the financial year
i) Principal Amount 0 - 0 -
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) 0 - 0 -

VI) REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A) Remuneration to Managing Director Whole time director and/or Manager amount in Rs.

Name of the MD/WTD/Manager Total Amount
Particulars of Remuneration MD Bhagwan Singh ( Whole Time Director) Manager
1 Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income Tax. 1961. NA 120000 NA 120000
(b) Value of perquisites u/s 17(2) of the Income tax Act 1961 NA NIL NA NIL
(c ) Profits in lieu of salary under section 17(3) of the Income Tax Act 1961 NA NIL NA NIL
2 Stock option NA NIL NA NIL
3 Sweat Equity NA NIL NA NIL
4 Commission NA NIL NA NIL
as % of profit NA NIL NA NIL
others (specify) NA NIL NA NIL
5 Others please specify NA NIL NA NIL
Total (A) NA 120000 NA 120000
Ceiling as per the Act - - - -

B) Remuneration to other directors: NIL

Sl.No Particulars of

Name of the Directors

Total Amount
Remuneration
1 Independent Directors
(a) Fee for attending board committee meetings - - - -
(b) Commission - - - -
(c ) Others please specify - - - -
Total (1) - - - -
2 Other Non Executive
Directors
(a) Fee for attending board committee meetings - - - -
(b) Commission - - - -
(c ) Others please specify. - - - -
Total (2) - - - -
Total (B)=(1+2) - - - -
Total Managerial Remuneration - - - -
Overall Ceiling as per the Act - - - -

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

Particulars of Remuneration Company Secretary (CS Gunjan Partani) 13.08.2019 Upto 07/01/2020 CFO (Mrs. Sabita Roy) Upto CFO (Mrs. Aishwarya Sethia) w.e.f. 13.08.2019 Total
Gross Salary
(a) Salary as per
1 provisions contained in section 17(1) of the Income Tax Act 1961. 195359 NIL NIL 195359
(b) Value of perquisites u/s 17(2) of the Income Tax Act 1961 NIL NIL NIL NIL
(c ) Profits in lieu of salary under section 17(3) of the Income Tax Act 1961 NIL NIL NIL NIL
2 Stock Option NIL NIL NIL NIL
3 Sweat Equity NIL NIL NIL NIL
4 Commission NIL NIL NIL NIL
as % of profit NIL NIL NIL NIL
others specify NIL NIL NIL NIL
5 Others please specify NIL NIL NIL NIL
Total 195359 NIL NIL 195359

VII) PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES

Type Section of the Companies Act Brief Description Details of Penalty/Puni shment/Com pounding fees imposed Authority (RD/NCLT /Court) Appeall made if any (give details)
A. COMPANY
Penalty - - - - -
Punishment - - - - -
Compounding - - - - -
B. DIRECTORS
Penalty - - - - -
Punishment - - - - -
Compounding - - - - -

C. OTHER OFFICERS IN DEFAULT

Penalty - - - - -
Punishment - - - - -
Compounding - - - - -

 

Reg Office: B-17 IInd Floor 22 For and on behalf of Board of Directors
Godam Industrial Area Jaipur - High Street Filatex Limited
302006 (Rajasthan)
Date: August 122020 Sd/-
Place: Jaipur Bhagwan Singh
Chairman and Whole-time Director
DIN: 02305246

.