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Lakshmi Cement & Ceramics Industries Ltd.

BSE: 518073 Sector: Industrials
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Lakshmi Cement & Ceramics Industries Ltd
NSE 05:30 | 01 Jan Lakshmi Cement & Ceramics Industries Ltd

Lakshmi Cement & Ceramics Industries Ltd. (LAKCEMCER) - Director Report

Company director report

ANNUAL REPORT 1998-99 LAKSHMI CEMENT & CERAMICS INDUSTRIES LTD. DIRECTORS' REPORT Dear Members, Your Directors present their report and audited accounts of the Company for the year ended March 31, 1999 DIVIDEND Due to loss sustained by the company during the year, your Directors express their inability to recommend any dividend. DIRECTORS Sri.Pawan Kumar Gupta, Director of the Company retires at ensuing Annual General Meeting, but has not offered, himself for reappointment. PARTICULARS OF EMPLOYEES . The Statement showing the particulars of employees pursuant to section 217 (2A) of the Companies Act, l 56 read with the Companies (Particulars of employees) Rules 1975 as amended is not applicable as no employee was in receipt of remuneration of Rs.50000/- or more per month or Rs. 600000/- during the year. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO In accordance with the requirements of Sec. 217(1)(e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988 showing particulars of conservation of Energy has been annexed hereto and forms part of this report. Neither the company has earned nor spent foreign exchange during the year. LISTING Equity shares of the company are listed with Magadh, Bangalore, Mumbai, Calcutta and Chennai Stock Exchanges. Y 2 K COMPLIANCE The company has taken necessary steps to ensure Y 2K compliance for all computer systems by 30th September,1999 AUDITORS M/s S . Ratan & Associates, Chartered Accountants, Calcutta, the auditors of the Company retire at the ensuing Annual General Meeting and being eligible offer themselves for reappointment. APPRECIATION Your Directors wish to place on record their appreciation for the support and contribution made by the employees towards the operations of the company. The Board also place on record their appreciation for continued co-operation extended by Vijaya Bank and Karnataka Bank For and on behalf of Board of Directors Patna Durga Prasad Gupta 2nd September,1999 Chairman