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