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Kapil Cotex Ltd.

BSE: 512036 Sector: Industrials
NSE: N.A. ISIN Code: INE393H01016
BSE 00:00 | 07 Sep 31.00 0
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NSE 05:30 | 01 Jan Kapil Cotex Ltd
OPEN 31.00
PREVIOUS CLOSE 31.00
VOLUME 60
52-Week high 43.25
52-Week low 19.05
P/E
Mkt Cap.(Rs cr) 3
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 31.00
CLOSE 31.00
VOLUME 60
52-Week high 43.25
52-Week low 19.05
P/E
Mkt Cap.(Rs cr) 3
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Kapil Cotex Ltd. (KAPILCOTEX) - Director Report

Company director report

To

The Members Kapil Cotex Limited

The Directors have pleasure in submitting their 37th ANNUAL REPORT alongwith the Audited Balance Sheet and Profit & Loss Account for the year ended 31stMarch 2020

FINANCIAL RESULTS

Current Year ended 31.03.2020 Current Year ended 31.03.2019
(Rs.) (Rs.)
Income
Revenue from operations 0 0
Other Income 661898 366268
Total Revenue 661898 366268
Less : Total Expenses 1036764 646346
Profit/(Loss) Before Depreciation & Taxation (374866) (280078)
Profit/(Loss) Before Taxation & Extra- Ordinary Items

(374866)

(280078)
Less: Extra Ordinary Items 0 0
Profit/(Loss) Before Taxation (374866) (280078)
(-) Provision for Taxation 0 0
(i) Current Tax
(ii) Deferred Tax 1640 3726
(iii) Income Tax Provision earlier year 0 0
Profit/(Loss) for the year (376506) (283804)

OPERATIONAL REVIEW:

Total revenues for the year ended 31st March 2020 is Rs. 661898/- asagainst Rs. 366298/- in the previous year. The net profit/(Loss) of the Company for theyear under review was placed is (Rs. 376506/-) as against Loss (Rs. 283804/-) in theprevious year.

DIVIDEND

In view of loss incurred by the company the directors are not recommending anydividend.

SHARE CAPITAL

The paid-up equity capital as on March 31 2020 was Rs.10400000/-. During the yearunder review the Company has not issued any shares.

MATERIAL CHANGES AND COMMITMENTS

There have not been any material changes and commitments affecting the financialposition of the Company between the end of the financial year of the Company as on March31 2020.

GENERAL

During the financial year 2019-20 your Company has not accepted any deposit within themeaning of Sections 73 and 74 of the Companies Act 2013 and rules made there under.

No significant or material orders were passed by the Regulators or Courts or Tribunalswhich impact the going concern status and Company's operations in future.

The Company has in place policy as per the provisions of the Sexual Harassment of Womenat Workplace (Prevention Prohibition and Redressal) Act 2013. During the year companyhas no women employees during the year.

DIRECTOR & KMP

Mr. Yogesh Chandak (Din No. 01274080) retires by rotation and being eligible offershimself for re-appointment. The Directors recommend Mr. Yogesh Chandak for reappointment.

DECLARATION OF INDEPENDENT DIRECTORS

The Independent Directors have submitted their disclosures to the Board that theyfulfill all the requirements as stipulated in Section 149(6) of the Companies Act 2013 soas to qualify themselves to be appointed as Independent Directors under the provisions ofthe Companies Act 2013 and the relevant rules.

Board Evaluation

Pursuant to the provisions of the Companies Act 2013 the Board has carried out anevaluation of its own performance the directors individually as well as the evaluation ofthe working of its Audit

DIRECTOR'S RESPONSIBILITY STATEMENT:

In terms of Section 134 (5) of the Companies Act 2013 the directors would like tostate that:

i) In the preparation of the annual accounts the applicable accounting standards havebeen followed.

ii) The directors have selected such accounting policies and applied them consistentlyand made judgments and estimates that were 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 or loss of the Company for the year under review.

iii) The directors have taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of this Act for safeguardingthe assets of the Company and for preventing and detecting fraud and other irregularities.

iv) The directors have prepared the annual accounts on a going concern basis.

v) The directors had laid down internal financial controls to be followed by thecompany and that such internal financial controls are adequate and were operatingeffectively.

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

SUBSIDIARY COMPANIES:

The Company does not have any subsidiary.

Meetings

A calendar of Meetings is prepared and circulated in advance to the Directors.

During the year Four Board Meetings were convened and held and the intervening gapbetween the Meetings was within the period prescribed under the Companies Act 2013.

SN Date of Meeting

1. 30/05/2019

2. 14/08/2019

3. 13/11/2019

4 11/02/2020

RELATED PARTY TRANSACTIONS:

There was no contract or arrangements made with related parties as defined underSection 188 of the Companies Act 2013 during the year under review.

PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS:

The company has not given any loans or guarantees covered under the provisions ofsection 186 of the Companies Act 2013.

The detail of the investments made by company is given in the notes to the financialstatements.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The Company has an Internal Control System commensurate with the size scale andcomplexity of its operations. To maintain its objectivity and independence the InternalAudit function reports to the Chairman of the Audit Committee of the Board & to theChairman & Director.

The Accounts Department monitors and evaluates the efficacy and adequacy of internalcontrol system in the Company its compliance with operating systems accountingprocedures and policies.

Based on the report of internal audit function corrective action is taken and therebystrengthen the controls. Significant audit observations and recommendations along withcorrective actions thereon are presented to the Audit Committee of the Board.

NOMINATION AND REMUNERATION COMMITTEE

The Nomination and Remuneration Committee has been constituted as per the section178(1) of the Companies Act 2013.

AUDIT COMMITTEE

The Company's Audit Committee has been constituted as per section 177 of the CompaniesAct 2013. Four meetings of the Audit Committee were held during the financial year2019-20.

STAKEHOLDERS RELATIONSHIP COMMITTEE:

The Company's Stakeholders Relationship Committee has been constituted as per section177 of the Companies Act 2013. Four meetings of the Stakeholders Relationship Committeewere held during the financial year 2019-20.

VIGIL MECHANISM / WHISTLE BLOWER POLICY:

The Company has a vigil mechanism named Fraud and Risk Management Policy to deal withinstance of fraud and mismanagement if any.

In staying true to our values of Strength Performance and Passion and in line with ourvision of being one of the most respected companies in India the Company is committed tothe high standards of Corporate Governance and stakeholder responsibility.

The Company has a Fraud Risk and Management Policy to deal with instances of fraud andmismanagement if any.

The FRM Policy ensures that strict confidentiality is maintained whilst dealing withconcerns and also that no discrimination will be meted out to any person for a genuinelyraised concern.

A high-level Committee has been constituted which looks into the complaints raised. TheCommittee reports to the Audit Committee and the Board.

BUSINESS RISK MANAGEMENT:

Pursuant to section 134 (3) (n) of the Companies Act 2013 the company has constituteda business risk management committee. The details of the committee and its terms ofreference are set out in the corporate governance report forming part of the Boardsreport.

At present the company has not identified any element of risk which may threaten theexistence of the company.

AUDITORS & REPORT THEREON

The Auditors Report does not contain any qualification reservation or adverse remarkon the financial statements for the year ended March 31 2020. The Notes on financialstatement referred to in the Auditors' Report are self-explanatory and do not call for anyfurther comments.

In accordance with Sec 139 of the Companies Act 2013 M/s. R. K. Somani &Associates Chartered Accountants (ICAI Firm Registration No. 118666W) were appointed bythe shareholders of the Company at the Annual General Meeting held on September 29 2017as Statutory Auditors for a period of 5 years to hold office until the conclusion of the39th Annual General Meeting of the Company in calendar year 2022.

INTERNAL AUDITOR

As per section 138 of the Companies Act 2013 the Company has appointed M/s. G SToshniwal & Associates Chartered Accountants internal auditors for the year to2019-2020 to conduct the internal audit and to ensure adequacy of the internal controlsadherence to Company's policies and ensure statutory and other compliance throughperiodical checks and internal audit.

COST AUDITORS

As per Section 148 read with Companies (Audit & Auditors) Rules applicable to costauditors the company was not liable to appoint Cost auditors for the financial year2019-20.

SECRETARIAL AUDIT:

Pursuant to provisions of section 204 of the Companies Act 2013 and The Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 the Company hasappointed M/s Deepak Rane a Company Secretary in practice to undertake the SecretarialAudit of the Company. The Secretarial Audit report is annexed herewith

EXTRACT OF ANNUAL RETURN

Pursuant to the provisions of Section 92(3) of the Companies Act 2013 read with Rule12(1) of the Companies (Management and Administration) Rules 2014 the extract of AnnualReturn of the Company for the financial year ended on March 31 2020 in Form MGT-9 isannexed herewith.

CORPORATE SOCIAL RESPONSIBILITY INITIATIVES

The company does not meet the criteria of Section 135 of Companies Act 2013 read withthe Companies (Corporate Social Responsibility Policy) Rules 2014 so there is norequirement to constitute Corporate Social Responsibility Committee.

CORPORATE GOVERNANCE AND MANAGEMENT DISCUSSION & ANALYSIS REPORTS

SEBI Circular No. SEBI/LAD-NRO/GN/2015-16/013 dated 02nd September 2015 we are underexempted category as the paid-up equity capital of the Company is below Rs.10 Crores andNet worth is below Rs.25 Crores as on the last day of the previous financial year(audited). ie. 31.03.2020.

EXPLANATION OR COMMENTS ON QUALIFICATIONS RESERVATIONS OR ADVERSE REMARKS ORDISCLAIMERS MADE BY THE AUDITORS AND THE PRACTICING COMPANY SECRETARY IN THEIR REPORTS

A) There were no qualifications reservations or adverse remarks made by the Auditorsin their report.

B) EXPLANATION OR COMMENTS ON QUALIFICATIONS RESERVATIONS OR ADVERSE REMARKS ORDISCLAIMERS MADE BY THE PRACTICING COMPANY SECRETARY IN THEIR REPORTS ARE AS FOLLOWS:

1. At the beginning of the year company is in non-compliance of provisionsSection of 203 of the Companies Act 2013 Company has made default good with appointmentof Managing Director w.e.f. 19th July 2019 and Chief Financial Officer w.e.f. 11th June2019.

Ans: The Company has appointed Key Managerial Personnel (KMP) as per the provisions ofthe Companies Act 2013 to make Compliance good.

2. Company does not have functional website in Compliance with Regulation 46 ofSEBI (Listing Obligation and Disclosure Requirements) Regulation 2015.

The Company do have a website however due to some technical error it was notfunctional so the company has discuss with the technical person for issues & they tryto resolve the technical issues at the earliest.

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION PROHIBITIONAND REDRESSAL) ACT 2013

As such there is no woman employee in the Company; an Anti-Sexual Harassment Policy inline with the requirements of The Sexual Harassment of Women at Workplace (PreventionProhibition and Redressal) Act 2013 is not applicable to the Company.

PARTICULARS OF EMPLOYEES

Information as per Section read with rule 5 of the Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014 in respect of employees of the Companyis not applicable.

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION FOREIGN EXCHANGE EARNING AND OUTGO

Considering the nature of activities of the company the Information relating toconservation of energy technology absorption and foreign exchange earnings and outgo arenot applicable to the Company. However the Company is making all efforts to conserve thesame and the Company's technology being indigenous the question of absorption by theCompany does not arise. Also no foreign exchange were earned or spent.

DETAILS OF FRAUDS REPORTED BY AUDITORS:

During the year under review there were no frauds reported by Statutory Auditors underprovision of section 143(12) of the Companies Act 2013 and rules there under.

ACKNOWLEDGEMENTS:

Your Company and its Directors wish to extend their sincerest thanks to the Members ofthe Company Bankers State Government Local Bodies Customers Suppliers ExecutivesStaff and workers at all levels for their continuous cooperation and assistance.

Form No. MGT-9

EXTRACT OF ANNUAL RETURNAS 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 OTHER DETAILS:

i. CIN L17100MH1983PLC031114
ii. Registration Date 14/10/1983
iii. Name of the Company KAPIL COTEX LIMITED
iv. Category / Sub-Category of the Company Indian Non-Government Company
v. Address of the Registered office and contact details UG- 276 Shop No. 276 Dreams Mall L. B. S.
Marg Near Bhandup Railway Station Bhandup
(West) Mumbai - 400078
vi. Whether listed company Yes
vii. Name Address and Contact details of Registrar and Transfer Agent if any Satellite Corporate Services Private Limited
B-302 Sony Apartment opp St. Judge's High
School 90 Feet Road Jarimari Saki Naka
Mumbai – 400072

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

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

Name and Description of main products / services NIC Code of the Product/ service % to total turnover of the company
1 Other Income 100%

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.

III. 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 (as on 01.04.2019)

No of shares held at the beginning o`f the year (as on 31.03.2020)

Demat physical Total % of total shares Demat Physical Total % of total shares %Change during the year (9-5)
1 2 3 4 5 6 7 8 9 10
Promoters
Indian
Individuals / Hindu Undivided Family 471811 0 471811 45.37 471811 0 471811 45.37 0.00
Cental Government

0

0 0 0.00 0 0 0 0.00 0.00
State Governments( s) 0 0 0 0.00 0 0 0 0.00 0.00
Bodies Corporate 0 0 0 0.00 0 0 0 0.00 0.00
Financial Institutions / Banks 0 0 0 0.00 0 0 0 0.00 0.00
Any other (specify) 0 0 0 0.00 0 0 0 0.00 0.00
Sub-Total (A) (1) 471811 0 471811 45.37 471811 0 471811 45.37 0.00
Foreign 0 0 0.00 0 0 0.00 0.00
Non-Resident Individuals 0 0 0 0.00 0 0 0 0.00 0.00
Other Individuals 0 0 0 0.00 0 0 0 0.00 0.00
Bodies Corporate 0 0 0 0.00 0 0 0 0.00 0.00
Banks / FI Any 0 0 0 0.00 0 0 0 0.00 0.00
Other (specify) 0 0 0 0.00 0 0 0 0.00 0.00
Sub-Total (A) (2) 0 0 0 0.00 0 0 0 0.00 0.00
Total Shareholding of Promoter (A) = (A)(1)+(A)(2) 471811 0 471811 45.37 471811 0 471811 45.37 0.00
Public Shareholding 0.00 0.00
Institutions 0 0.00 0 0.00 0.00
Mutual Funds 0 0 0 0.00 0 0 0 0.00 0.00
Financial Institutions / Banks 0 0 0 0.00 0 0 0 0.00 0.00
Cental Government

0

0 0 0.00 0 0 0 0.00 0.00
State Governments( s) 0 0 0 0.00 0 0 0 0.00 0.00
Venture Capital Funds

0

0 0 0.00 0 0 0 0.00 0.00
Insurance Companies 0 0 0 0.00 0 0 0 0.00 0.00
Foreign Institutional 0 0 0 0.00 0 0 0 0.00
Investors Foreign 0.00
Venture Capital Funds 0 0 0 0.00 0 0 0 0.00 0.00
Any Other (Specify) 0 0 0 0.00 0 0 0 0.00 0.00
Sub-Total (B) (1) 0 0 0 0.00 0 0 0 0.00 0.00
Non- Institutions 0 0.00 0 0.00
Bodies Corporate 0 0 0 0.00 0 0 0 0.00 0.00
i) Indian 159200 0 159200 15.31 129022 0 129022 12.41 -2.90
ii) Overseas 0 0 0 0.00 0 0 0 0.00 0.00
Individuals 0.00 0.00
Individual Shareholders holding nominal Share Capital upto Rs.2 Lakh 172260 109600 281860 27.10 203397 108650 312047 30.00 2.90
Individual Shareholders holding nominal Share Capital in excess of Rs.2 Lakh 114669 0 114669 11.06 114669 0 114669 11.03 0.00
Any Other (Specify) 0 0 0 0.00 0 0 0 0.00 0.00
Clearing Member Overseas 0 0 0 0.00 0 0 0 0.00 0.00
Corporate Bodies 0 0 0 0.00 0 0 0 0.00 0.00
NRI 250 0 250 0.02 241 0 241 0.02 0.00
HUF 12210 0 12210 1.17 12210 0 12210 1.17 0.00
EMPLOYEES 0 0 0 0.00 0 0 0 0.00 0.00
Directors & their relatives

0

0 0 0.00 0 0 0 0.00 0.00
Sub-total (B) (2) 458589 109600 568189 54.63 459539 108650 568189 54.63 0.00
Total Public Shareholding (B) = (B)(1)+(B)(2) 568189 0 568189 54.63 458589 0 568189 54.63 0.00
TOTAL (A)+(B)

104000

0 104000 100.00 104000 0 104000 100.00
Shares held by Custodians 0 0 0 0 0.00
Custodian for GDRs & ADRs 0 0 0 0.00 0 0 0 0.00 0.00
GRAND TOTAL (A)+(B)+(C) 104000 0 0 104000 0 100.00 104000 0 0 104000 0 100.00 0.00

ii.Shareholding of Promoters

Shareholder's Name Shareholding at the beginning of the year Shareholding at the end of the year
No. of Shar es % of total Shares of the company %of Shares Pledged / encumbe red to total shares No. of Shares % of total Shares of the company %of Shares Pledged / encumbered to total shares % change in shareholdi ng during the year
1. Prakash Chandra Rathi 263150 25.30 0 2631 50 25.30 0 0
2. Poonam Rathi 207061 19.91 0 2070 19.91 0 0
3. Yogesh Chandak 1600 0.15 0 1600 0.15 0 0
Total 47181 1 45.37 0 4718 11 45.37 0 0

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 471811 45.37 471811 45.37
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): THERE IS NO CHANGE IN PRMOTERS SHAREHOLDING DURING THE FINANCIAL YEAR 2019-2020
At the End of the year 471811 45.37 471811 45.37

Shareholding pattern of Top ten share holder

Sr. no For Each of the Top Ten Shareholders Shareholding at the beginning / end of the year

Cumulative Shareholding during the year

No. of shares % of total shares of the company No. of shares
1 M/s Kellog Mercantile Private Limited at the beginning of the year 30700 2.95 30700 2.95
M/s Kellog Mercantile Private Limited at the end of the year 30700 2.95 30700 2.95
2 Pankti Bhansali at the beginning of the year 25000 2.40 25000 2.40
Pankti Bhansali at the end of the year 25000 2.40 25000 2.40
M/s Dear Shares Private Limited at the beginning of the year 24950 2.40 24950 2.40
3 M/s Dear Shares Private Limited at the end of the year 24950 2.40 24950 2.40
4 Chetan Bhansali at the beginning of the year 24169 2.32 24169 2.32
Chetan Bhansali at the end of the year 24169 2.32 24169 2.32
Rakesh Satya Narayan Rathi at the beginning of the year 23302 2.23 23302 2.23
5 Rakesh Satya Narayan Rathi at the end of the year 23302 2.23 23302 2.23
6 Harshala Rajesh Kothari at the beginning of the year 21500 2.07 21500 2.07
Harshala Rajesh Kothari `at the end of the year 21500 2.07 21500 2.07
VIJAYKUMAR MUKHIYA at the beginning of the year 20798 2.00 20798 2.00
7 VIJAYKUMAR MUKHIYA at the end of the year 20798 2.00 20798 2.00
8 ALKA PRAVIN JOSHI at the beginning of the year 19900 1.91 19900 1.91
ALKA PRAVIN JOSHI at the end of the year 19900 1.91 19900 1.91
JITENDRA SAVJIBHAI JETHWA at the beginning of the year 19750 1.90 19750 1.90
9 JITENDRA SAVJIBHAI JETHWA at the end of the year 19750 1.90 19750 1.90
SHANKAR SONAR at the end of the year 19350 1.86 19350 1.86
10 SHANKAR SONAR at the end of the year 19350 1.86 19350 1.86

Shareholding of Directors & Key Managerial Personnel:

For Each of the Directors & KMP

Shareholding at the end 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
1 Mr. Prakash Rathi at the beginning of the year 263150 25.30 263150 25.30
Mr. Prakash Rathi at the end of the year 263150 25.30 263150 25.30
2 Ms. Poonam Prakash Rathi at the beginning of the year 207061 19.91

207061

19.91
Ms. Poonam Prakash Rathi at the end of the year 207061 19.91 207061 19.91
3 Mr. Yogesh Chandak at the beginning of the year 1600 0.15 1600 0.15
Mr.Yogesh Chandak at the end of the year 1600 0.15 1600 0.15
4 Ms Pankti Bhansali at the beginning of the year 25000 2.40 25000 2.40
Ms Pankti Bhansali at the end of the year 25000 2.40 25000 2.40
5 Mr. Rakesh Somani at the beginning of the year 0 0 0 0
Mr. Rakesh Somani at the end of the year 0 0 0 0
6 Mr. Jagdish Mantri at the beginning of the year 0 0 0 0
Mr. Jagdish Mantri at the end of the year 0 0 0 0

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

0

0

0

0

ii) Interest due but not paid

0

0

0

0

iii) Interest accrued but not

0

0

0

0

Total (i+ii+iii)

0

0

0

Change in Indebtedness during the financial year
- Addition

0

0

0

0

- Reduction

0

0

0

0

Net Change

0

0

0

0

Indebtedness at the end of the financial year

0

0

0

0

i) Principal Amount

0

0

0

0

ii) Interest due but not paid

0

0

0

0

iii) Interest accrued but not due Total (i+ii+iii)

0

0

0

0

IV. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

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

Sl. No. Particulars of Remuneration

Name of MD/WTD/ Manager

Total Amount
1. Gross salary 0 0 0 0 0
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act 1961

 

(b) Value of perquisites u/s 17(2) Income-tax Act 1961 0 0 0 0 0
(c) Profits in lieu of salary under section 17(3) Income- tax Act 1961 0 0 0 0 0
2. Stock Option 0 0 0 0 0
3. Sweat Equity 0 0 0 0 0
4. Commission 0 0 0 0 0
- as % of profit
- others specify…
5. Others please specify 0 0 0 0 0
6. Total (A) 0 00 0 0 0
Ceiling as per the Act

B. Remuneration to other directors:

Sl. No. Particulars of Remuneration

Name of MD/WTD/ Manager

Total Amount
Independent Directors
Fee for attending board committee meetings 0
Commission
Others please specify The Company has not pay any fess to Independent Directors during the year 2019-20
Total (1)
Other Non-Executive Directors
Fee for attending board committee meetings
Commission The Company has not pay any fess to Non-Executive Directors during the year 2019-20 0
Others please specify
Total (2) 0 0 0 0 0
Total (B)=(1+2) 0 0 0 0 0
Total Managerial Remuneration 0 0 0 0
Overall Ceiling as per the Act

C. Remuneration to Key Managerial Personnel Other Than MD /Manager /WTD

Sl. no. Particulars of Remuneration

Key Managerial Personnel

CEO Company Secretary CFO Total
1. Gross salary 0 0 0 0
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act 1961 0 0 0 0
(b) Value of perquisites u/s 17(2) Income-tax Act 1961 0 0 0 0
(c) Profits in lieu of salary under section 17(3) Income-tax Act 1961
2. Stock Option 0 0 0 0
3. Sweat Equity 0 00 0 00
4. Commission 0 0 0 0
- as % of profit
- others specify…
5. Others please specify 0 0 0 0
6. Total 0 0 0 0

PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

Type Section of the companies Act Brief description Details of Penalty/ Punishment/ Compounding fees imposed Authority[RD /NCLT/Court] Appeal made. If any(give details)
A. Company
Penalty
Punishment N.A
Compounding
B. Directors
Penalty
Punishment N.A
Compounding
C. Other Officers In Default
Penalty
Punishment N.A
Compounding

.