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M K Proteins Ltd.

BSE: 538420 Sector: Industrials
NSE: MKPL ISIN Code: INE964W01013
BSE 00:00 | 13 Jun M K Proteins Ltd
NSE 00:00 | 20 Jul 77.00 0
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OPEN 10.56
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VOLUME 500
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P/E 3.09
Mkt Cap.(Rs cr) 4
Buy Price 0.00
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OPEN 10.56
CLOSE 10.56
VOLUME 500
52-Week high 10.56
52-Week low 0.00
P/E 3.09
Mkt Cap.(Rs cr) 4
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

M K Proteins Ltd. (MKPL) - Director Report

Company director report

To The Members

Your directors have pleasure in presenting the 5th Annual Reporttogether with the Audited Statements of Accounts of the Company for the financial yearended 31st March 2017:

1. Financial Highlights:

(In Rupees)

2016-17 2015-16
Revenue from Operations 16453.49 14475.34
Operating Expenditure 15966.03 14056.29
Other Income (Net) 5.46 0.45
Earning before interest tax depreciation and amortization (EBITDA) 492.92 419.50
Finance Costs 220.42 224.41
Depreciation and amortization expenses 121.18 90.02
Profit before exceptional item and tax 151.32 105.07
Exceptional item 0.00 0.00
Profit Before Tax (PBT) 151.32 105.07
Tax Expenses 52.71 32.85
Profit After Tax (PAT) 98.61 72.22
Add: Balance Brought forward from previous year 259.31 187.10
Less: Amount Utilized/Capitalized for issuance of fully paid- up Bonus Equity Shares 203.16 0.00
Less: Income Tax for earlier years adjusted 0 0.01
Amount of Surplus available for appropriation 154.76 259.31

2. Operations State of Company's affairs and Future Outlook:

Our Company is a manufacturing and trading organization having its production/refiningplant of Edible Oils. Our manufacturing process involves refining of Crude Oils to obtainRefined Rice Bran Oil Canola Oil Soya Bean Oil Sunflower Oil and Rice Bran BleachedOil. During the refining process certain by-products are also manufactured such as RiceBran Fatty Acid Oil Rice Bran Wax Gums and Spent Earth which are also saleable. Furtheralso imports crude oils process them and sell the finished product and trade in bothedible and non-edible oils. In the current year 2016-17 the Company has earned the totalrevenue from operation Rs.16453.49 Lacs against the previous year Rs.14475.34 whichreflects the growth of 13.7%. The overall growth of the Company is encouraging and samewill further improve in the ensuing years the product of the Company has demand sinceits nature of human consumption in the ensuing financial year and years to come. The netprofit after tax of the company is Rs.83.53 Lacs Rs.72.22 Lacs and Rs.98.61 Lacs in theyear 2014-15 2015-16 and 2016-17 respectively. We further inform that there is no changein the business activities of the company in the current financial year.

3. Dividend:

No dividend has been recommended by the Directors this year and consequently no amountshave been transferred to general reserves.

4. Transfer to Reserves:

The board of the Company has decided not to transfer any fund to general reserve out ofthe amount available for appropriation and an amount of Profit of Rs.98.61 Lacs ploughedback for its operations.

5. Change in Share Capital if any

In the Share Capital of the Company following changes took place during the financialyear 2016-17:

The Initial Authorized Capital of Rs.10000000.00 (Rupees One Crore only) consisting of100000 Equity Shares of face value of Rs.100/- each was sub-divided into Rs.10000000.00(Rupees One Crore only) consisting of 1000000 Equity Shares of face value of Rs.10/- eachpursuant to a resolution of shareholders dated December 17 2016. Consequently Each EquityShares of face value of Rs.100/- each has been split into 10 Equity Shares having facevalue of Rs.10/-.

The Authorized Share Capital of the Company was increased from Rs. 100.00 Lacs to Rs.500.00 Lacs by creation of 4000000 (Forty Lacs) Equity Shares of Rs.10/- each pursuant toa Shareholder's resolution passed in the Extra Ordinary General Meeting held on January20 2017

The Company has declared 2031600 fully-paid-up equity Shares of Rs. 10/- each as Bonusshares in the ratio 3: 1 by capitalization of Reserves pursuant to a Shareholder'sresolution passed in the Extra Ordinary General Meeting held on January 20 2017 andallotted to the eligible shareholders on February 15 2017

Paid up Capital of Rs. 27088000 (divided into 2708800 Equity Shares of Rs. 10/-each fully paid up) out of which a capital of Rs. 20316000 (2031600 Equity Shares ofRs. 10/- each in the ratio of 3:1) were issued as fully paid up bonus shares bycapitalization of Reserves on February 15 2017.

During the year the management of the Company was proposed for public issue of 1462000Equity shares of face value of Rs.10/- each fully paid up for cash at a price of Rs.70/-each (Including share premium of Rs.60/- per equity share) aggregating Rs.1023.40 Lacspursuant to resolution passed in the Board of Directors meeting held on February 15 2017and approved by Shareholders of the Company by a passing special resolution pursuant toSection 62(1)(c) of the Companies Act 2013 at the Extra Ordinary General Meeting held onFebruary 16 2017 and the same was opened on dated March 31 2017 and closed on April 072017. Out of which 74000 Equity Shares reserved for subscription by Market Maker to theIssue and balance 1388000 Equity Shares offered to the Public. The Company has alsoproposed to be listed for commencement of trading at National Stock Exchange of IndiaLimited (Emerging SME Platform) Mumbai within six working days from the issue closingdate. After public issue paid up share capital will stand at 4170800 Equity Shares ofRs.10/- each fully paid-up.

6. Deposits:

The company has not accepted any deposits from the public during the year and as suchno amount on account of principal or interest on deposits from public was outstanding ason the date of the balance sheet.

7. Directors:

As per the provisions of Section 152 of the Companies Act 2013 Sh. Parvind KumarDirector of the Company retires by rotation at the forthcoming Annual General Meeting andbeing eligible offered himself for reappointment. The Board recommends hisre-appointment.

Sh. Vinod Kumar has been appointed as Executive Director of the Company w.e.f. December10 2016 and has further appointed as Managing Director of the Company for a period offive years w.e.f. January 02 2017.

Sh. Parvind Kumar has resigned from the position of Managing Director due to personalreasons w.e.f. December 15 2016 and after that he is Non-Executive Director of theCompany.

Sh. Parmod Kumar has been appointed as Non-Executive Director of the Company w.e.f.February 15 2017.

Smt. Sunila Garg has been appointed as Non-Executive Director of the Company onDecember 10 2016 and has resigned from that post on February 15 2017.

Ms. Laxmi Mandal was appointed as an Additional Director with effect from 20/03/2107and Sh. Abhay Kumar Sh. Chatter Singh Sh. Dinesh Singh Malik and Sh. Raman Kumar Sahwere appointed as Additional Non-executive independent Directors on 02nd March2017. As per the provisions of Section 161(1) of the Companies Act 2013 and provisions ofArticles of Association of the Company Ms. Laxmi Mandal Sh. Abhay Kumar Sh. ChatterSingh Sh. Dinesh Singh Malik and Sh. Raman Kumar Sah hold office only up to the date ofthis Annual General Meeting of the Company and are eligible for appointment asIndependent Directors. The Company has received notice under Section 160 of the Act inrespect of the candidates proposing their appointment as Non-executive IndependentDirector of the Company. Resolutions seeking approval of the members for the appointmentof Ms. Laxmi Mandal Sh. Abhay Kumar Sh. Chatter Singh Sh. Dinesh Singh Malik and Sh.Raman Kumar Sah as Non-executive Independent Director of the Company have beenincorporated in the Notice of the forthcoming AGM along with brief details about them.

The notice convening the Annual General Meeting includes the proposal for appointmentof Directors.

Further your Company has also received declarations from all the Independent Directorsof the Company confirming that they meet with the criteria of Independence as prescribedunder the Act and as per Listing Agreement with the Stock Exchanges.

8. Board Evaluation:

Pursuant to the provisions of the Companies Act 2013 and Clause 49 of the ListingAgreement the Board has carried out the annual performance evaluation of its ownperformance the Directors individually as well as the valuation of the working of itsvarious committees as per the criteria of evaluation provided in the NominationRemuneration and Evaluation Policy adopted by the Company. The performance evaluation ofIndependent Directors was carried out by the entire Board and the performance evaluationof the Chairman and the Board as a whole was carried out by the Independent Directors.

9. Meetings of the Board:

The Board of Directors of your company met 9 (Times) 23/05/2016 26/07/201625/08/2016 16/09/2016 10/12/2016 26/12/2016 15/02/2017 02/03/2017 and 24/03/2017.

10. Particulars of Loan given Investment made Guarantee given and Securitiesprovided:

There were no loans given investment made guarantee given and securities provided bythe Company under Section 186 of the Companies Act 2013 during the year under reviewexcept short term loan given to M/s Saatvik Green Energy Private Limited in which one ofthe Director Sh. Parmod Kumar was interested as director and same has duly been repaidwith interest within 90 days. The maximum amount involved during the year wasRs.9500000.00 and the year end balance of loans granted to such parties was Nil (Previousyear Nil).

11. Extract of Annual Return:

As provided under Section 92(3) of the Act the extract of annual return is given in AnnexureI in the prescribed Form MGT-9 which forms part of this report.

12. Subsidiary Joint Ventures and Associate Concerns:

The Company does not have any Subsidiary Joint Ventures or Associate Concerns as on 31stMarch 2017.

13. Corporate Governance:

Pursuant to SEBI (Listing obligation and Disclosure Requirements) Regulations 2015 asapplicable with regard to Corporate Governance the company has implemented the code ofCorporate Governance during the year. The reports on Corporate Governance together withCompliance Certificate on the same are attached to this report.

14. Management's Discussion and Analysis Report

Management's Discussion and Analysis Report for the year under review as stipulatedunder SEBI (Listing obligation and Disclosure Requirements) Regulations 2015 asapplicable is presented in a separate section forming part of the Annual Report.

15. Directors' Responsibility Statement:

In accordance with the provisions of Section 134(5) of the Companies Act 2013 thedirectors hereby confirm that:

i) in the preparation of the annual accounts for the financial year ended 31stMarch 2017 the applicable accounting standard have been followed and there are nomaterial departures;

ii) they have selected such accounting policies and applied them consistently and madejudgments and estimates that are reasonable and prudent so as to give a true and fair viewof the state of affairs of the Company as at 31st March 2017 and of the profitof the Company for the period from 1st April 2016 to 31st March2017;

iii) they have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of the Companies Act 2013 forsafeguarding the assets of the company and for preventing and detecting fraud and otherirregularities;

iv) they have prepared the annual accounts on a going concern basis; v) they have laiddown internal financial controls to be followed by the Company and such internal financialcontrols are adequate and operating effectively; and vi) they have devised proper systemsto ensure compliance with the provisions of all applicable laws and that such systems wereadequate and operating effectively.

16. Contract and arrangements with Related Parties:

The Company's policy on dealing with related party transactions has been formulated andamended from time to time. All contracts/arrangements/ transactions entered by the Companyduring the financial year with related parties were in the ordinary course of business andon the arm's length basis. There are no materially significant related party transactionsmade by the company with promoters directors key managerial personnel or otherdesignated persons which may have a potential conflict with the interest of the companyat large. Your Directors draw attention of the members to Note 29(l) to the financialstatements which set out related party disclosures pursuant to listing agreement.Information on transactions with related parties pursuant to Section 134(3)(h) of the Actread with rule 8(2) of the Companies (Accounts) Rules 2014 are given in Annexure IIin Form AOC-2 and the same forms part of this report.

17. Auditor and Auditors' Report:

M/s Jayant Bansal & Co. Chartered Accountants Ambala Cantt Statutory Auditor ofthe company hold office till the conclusion of the ensuing Annual General Meeting and iseligible for ratification and approval of their appointment for the financial year ending31st March 2018.

M/s Jayant Bansal & Co. Chartered Accountants Ambala Cantt who were appointed asStatutory Auditors for a period of 4 years from 31st March 2017 to 31stMarch 2019 being eligible for ratification and approval of their appointment at thisAnnual General Meeting have agreed to act Statutory Auditors to the Company for thefinancial year ending 31st March 2018.

As required under the provisions of section 139(1) of the Companies Act 2013 thecompany has received a written consent from M/s Jayant Bansal & Co. CharteredAccountant to their appointment and a certificate to the effect that theirre-appointment if made would be in accordance with the Act and the Rules framed thereunder and that they satisfy the criteria provided in section- 141 of Companies Act 2013.The Board recommends their appointment for the financial year 2017-18.

There are no qualifications or adverse remarks in the Auditor's Report which requireany clarification/explanation. The notes on financial statements are self-explanatory andneeds no further comments.

Further auditor's report for the financial year ended 31st March 2017 isgiven as an annexure which forms part of this report.

18. Secretarial Auditors:

The Board has appointed M/s J. P. Jagdev & Co. Company Secretary to conductSecretarial Audit for the financial year 2016-17. The Secretarial Audit Report for thefinancial year ended 31st March 2017 is annexed herewith as Annexure IIIto this Report. The Secretarial Audit Report does not contain any qualificationreservation or adverse remark.

19. Corporate Social Responsibility (CSR):

The Company is not required to constitute a Corporate Social Responsibility Committeeas it does not fall within purview of Section 135(1) of the Companies Act 2013 and henceit is not required to formulate policy on corporate social responsibility.

20. Risk Management:

The board of the Company has formed a risk management committee to frame implementand monitor the risk management plan for the Company. The Committee is responsible forreviewing the risk management plan and ensuring its effectiveness. The audit committee hasadditional oversight in the area of financial risks and controls. Major risks identifiedby the businesses and functions are systematically addressed through mitigating actions ona continuing basis.

21. Internal Control System and their adequacy:

The Company's internal controls are commensurate with the size of the company and thenature of its business. These have been designed to provide reasonable assurance withregard to recording and providing reliable financial and operational informationcomplying with applicable statutes safeguarding assets from unauthorized use executingtransactions with proper authorization and ensuring compliance of corporate policies. Thecompany has an audit committee the details of which are provided in the CorporateGovernance Report. The audit committee reviews the internal control system and follows upon the implementation of corrective actions if required. The committee also meets thecompany's statutory auditors to ascertain interalia their views on the adequacy ofinternal control system in the Company and keeps the Board of Directors informed of itsmajor observations from time to time. The management also regularly reviews theutilization of fiscal resource compliance with law efficiencies so as to ensure optimumutilization of resources and achieve better efficiencies. Based on its evaluation (asdefined in section 177 of Companies Act 2013) our audit committee has concluded that asof March 31 2017 our internal financial controls were adequate and operatingeffectively.

22. Vigil Mechanism Policy:

The Company has a vigil mechanism policy which also incorporates a whistle blowerpolicy in line with the provisions of the Section 177(9) of the Act and as per ListingAgreements with stock exchange which deals with the genuine concerns about unethicalbehaviour actual or suspected fraud and violation of the Company's Code of Conduct andethics.

23. Committees of Board:

The Board of Directors of your Company had already constituted various committees incompliance with the provisions of the Companies Act 2013 and Listing Agreement viz. AuditCommittee Nomination and Remuneration Committee Shareholder's/Investor's RelationshipCommittee Risk Management Committee. All decisions pertaining to the constitution ofcommittees appointment of members and fixing the terms of reference / role of theCommittees are taken by the Board of Directors. Detail of the role and composition ofCommittees including the number of meetings held during the financial year and attendanceat meetings are provided in the Corporate Governance Report section of the Annual Reportwhich forms part of this report.

24. Conservation of Energy Technology absorption and foreign exchange earning andoutgo:

Information required under Section 134(3) (m) of Companies Act 2013 read withCompanies (Accounts) Rules 2014 is given as under:

(A) Conservation of energy:

(i) The steps taken or impact on conservation of energy: The Company is usingGovernment supply of electricity and own generation by its generators.

(ii) The steps taken by the company for utilizing alternate sources of energy: Thereare no alternate sources of energy with the Company.

(iii) The capital investment on energy conservation equipments: Investment on energyconservation equipments is made wherever it is possible mostly it is NIL.

(B) Technology absorption:

(i) The efforts made towards technology absorption: Plant and machinery areindigenous and no machinery and technology has been imported by the Company

(ii) The benefits derived like product improvement cost reduction product developmentor import substitution:

Indigenous machinery is state of Art and the company derives benefits on cost reductionof production.

(iii) In case of imported technology (imported during the last three years reckonedfrom the beginning of the financial year): No technology has been imported by theCompany.

(iv) The expenditure incurred on Research and Development: No specific expenditure isincurred on Research and Development.

(C) Foreign exchange earnings and Outgo:

The Company's main line of business is processing of vegetable edible oils. The Companyhas achieved Export Turnover of Rs. Nil during the year under report 2016-17as compared to Rs. Nil in the previous year 2015-16. However the Companyhas incurred expenditure in foreign currency for import of material. The details of thesame are given below: -

(Rs. in Lacs)
Particulars 2016-17 2015-16
Total Foreign Exchange Received (F.O.B. Value of Export) NIL NIL
Total Foreign Exchange used:
i) Raw Materials & Consumable Stores 379947640.89 234576824.05
ii) Capital Goods NIL NIL
iii) Foreign Travels NIL NIL
iv) Others (Traded Goods) 51559100.00 NIL

25. Nomination Remuneration and Evaluation Policy:

The Nomination Remuneration and Evaluation Policy recommended by the Nomination andRemuneration Committee is duly approved by the Board of Directors of the Company and thesame are provided in the Corporate Governance Report section of the Annual Report whichforms part of this report.

26. Human Resources:

Your Company treats its “human resources” as one of its most important assetsand has taken continuous efforts to set up and maintain an efficient work force. Thecompany is continuously taken steps towards maintaining a low attrition rate which itbelieves shall be achieved by investing in learning and development programmes foremployees competitive compensation creating a compelling work environment empoweringemployees at all levels as well as a well-structured reward and recognition mechanism.

27. Particulars of Employees:

I) The information required under Section 197 of the Act read with rule 5(1) of theCompanies (Appointment and Remuneration of Managerial Personnel) Rules 2014 are givenbelow:

a. The ratio of the remuneration of each director to the median remuneration of theemployees of the Company for the financial year:

Executive Director Ratio to median Remuneration
1 Sh. Vinod Kumar (Managing Director) 1.28:1
2. Sh. Raj Kumar (Whole Time Executive Director) 6.78:1

Note: The Company has not given any remuneration/benefits tonon-executive/independent directors of the company during the year 2016-17.

b. The percentage increase in remuneration of each director chief executive officerchief financial officer company secretary in the financial year:

Directors Company Secretary and Financial Officer % increase in remuneration in the financial year
1 Sh. Vinod Kumar (Managing Director) NIL
2. Sh. Raj Kumar (Whole Time Executive Director) 130%
3. Ms. Shipra Anand (Company Secretary) NIL
4. Sh. Nipun Garg (Financial Officer) NIL

c. The percentage increase in the median remuneration of employees in the financialyear: 42%

d. The number of permanent employees on the rolls of Company: 31 Employees as on31st March 2017.

e. The explanation on the relationship between average increase in remuneration andCompany performance:

The performance of the Company for the current financial year is better than theprevious year. The Company has minor increase in remuneration to Executive Director/keymanagerial personnel. However at Middle & Junior level management the properincrement was given in accordance with the inflation rate and at workmen and staff level.

f. Comparison of the remuneration of the key managerial personnel against theperformance of the Company:

Remuneration to Managing and Whole Time directors were paid as per the scale approvedby the members of the company. The head (Corporate Finance) was promoted to the positionof Financial Officer hence he was given an increase as a part of promotion and salaryadjustment.

g. Variations in the market capitalization of the Company price earnings ratio asat the closing date of the current financial year and previous financial year:

Particulars March 31 2017 March 31 2016 % Change
Market Capitalization (Rs. In Lacs) Status of the Company as on 31st March 2017 was unlisted

h. Percentage increase over decrease in the market quotations of the shares of theCompany in comparison to the rate at which the Company came out with the Last public offer:

Particulars March 31 2017 At the time of Last Public offer % Change
Market Price (NSE) Status of the Company as on 31st March 2017 was unlisted

i. Average percentile increase already made in the salaries of employees other thanthe managerial personnel in the last financial year and its comparison with the percentileincrease in the managerial remuneration and justification thereof and point out if thereare any exceptional circumstances for increase in the managerial remuneration: Properincrements at both managerial and staff/worker level has been given in financial year2016-17.

j. Comparison of each remuneration of the key managerial personnel against theperformance of the Company: The head (Corporate Finance) was promoted to the positionof Financial Officer hence he was given an increase as a part of promotion and salaryadjustment.

k. The key parameters for any variable component of remuneration availed by thedirectors: No such variable component is included in the remuneration paid todirectors.

l. The ratio of the remuneration of the highest paid director to that of theemployees who are not directors but receive remuneration in excess of the highest paiddirector during the year: Sh. Raj Kumar (Whole Time Director): 1.03:1

m. Affirmation that the remuneration is as per the remuneration policy of theCompany: The Company affirms remuneration is as per the remuneration policy of theCompany.

II. There was no employee on the roll of the company who drew remuneration in excess ofthe limits prescribed by the provisions of Section 197(12) of the Companies Act 2013 readwith Rules 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel)Rules 2014 hence this relevant information is not applicable to the Company.

28. Disclosure under sexual harassment of women at workplace (PreventionProhibition & Redressal) Act 2013:

In order to prevent sexual harassment of women at work place a new act The SexualHarassment of Women at Workplace (Prevention Prohibition and Redressal) Act 2013 hasbeen notified on 9th December 2013. Under the said Act every company is required to setup an Internal Complaints Committee to look into complaints relating to sexual harassmentat work place of any women employee. Company has adopted a policy for prevention of SexualHarassment of Women at workplace and has set up Committee for implementation of saidpolicy. During the year Company has not received any complaint of harassment.

29. Other Disclosures:

Your Directors state that no disclosure or reporting is required in respect of thefollowing items as there were no transactions on these items during the year under review:

i) No significant or material orders were passed by the Regulators or Courts orTribunals which impact the going concern status and Company's operations in future. ii) NoMaterial changes and commitments affecting the financial position of the Company occurredbetween the end of the financial year to which these financial statements relate and thedate of this Report.

2. The provisions of Section 125(2) of the Companies Act 2013 related with transfer ofunclaimed dividend to Investor Education and Protection Fund do not apply to the Companyas there was no dividend declared and paid in previous years and there is no unclaimeddividend.

3. Equity Shares:

No issue of equity shares with differential rights as to dividend voting or otherwiseduring the year under review. The Company has not bought back any of its securities duringthe year under review. No issue of shares (including sweat equity shares) to employees ofthe Company under Stock option Scheme during the year under review. No Shares outstandingunder the head Shares Suspense Account/Unclaimed Suspense Account at the beginning and endof the year under review.

30. Listing with Stock Exchanges:

The stocks of the Company are proposed to be listed on National Stock Exchange of India(Emerging SME Platform).

31. Acknowledgements:

Your directors wish to place on record their gratitude for the valued support andassistance extended to the Company by the Shareholders Banks and Government Authoritiesand look forward to their continued support. Your directors also express theirappreciation for the dedicated and sincere services rendered by the Executives Officersand Employees of the Company.

By Order of the Board of Directors
(VINOD KUMAR)
Place: Ambala Managing Director
Dated: 24-08-2017 DIN: 00150507

FORM NO. AOC -2

(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) ofthe Companies (Accounts) Rules 2014.

Form for Disclosure of particulars of contracts/arrangements entered into by thecompany with related parties referred to in sub section (1) of section 188 of theCompanies Act 2013 including certain arms length transaction under third proviso thereto.

1. Details of contracts or arrangements or transactions not at Arm's lengthbasis.

M. K. Proteins Limited has not entered into any contract or arrangement or transactionwith its related parties which is not at arm's length during the financial year 2016-17

SL. No. Particulars Details
a) Name (s) of the related party & nature of relationship NIL
b) Nature of contracts/arrangements/transaction NIL
c) Duration of the contracts/arrangements/transaction NIL
d) Salient terms of the contracts or arrangements or transaction including the value if any NIL
e) Justification for entering into such contracts or arrangements or transactions' NIL
f) Date of approval by the Board NIL
g) Amount paid as advances if any NIL
h) Date on which the special resolution was passed in General meeting as required under first proviso to section 188 NIL

2. Details of contracts or arrangements or transactions at Arm's length basis.

SL. No. Particulars Details
a) Name (s) of the related party & nature of relationship Shree Ganesh Fats (P) Limited Barotiwala
b) Nature of contracts/arrangements/transaction Purchase of Goods by M K Proteins Limted Sale of Goods to Shree Ganesh Fats (P) Limited
c) Duration of the contracts / arrangements /transaction Regular Contract on ongoing basis
d) Salient terms of the contracts or arrangements or transaction including the value if any On general commercial terms
e) Date of approval by the Board On going contract was entered into in the ordinary course of business and on arm's length basis.
f) Amount paid as advances if any NIL

 

SL. No. Particulars Details
a) Name (s) of the related party & nature of relationship Kamla Oil and Fats (P) Limited Village Saha Distt. Ambala
b) Nature of contracts/arrangements/transaction Purchase of Goods by M K Proteins Limted
c) Duration of the contracts/arrangements/transaction Regular Contract on ongoing basis
d) Salient terms of the contracts or arrangements or transaction including the value if any On general commercial terms
e) Date of approval by the Board On going contract was entered into in the ordinary course of business and on arm's length basis.
f) Amount paid as advances if any NIL

 

SL. No. Particulars Details
a) Name (s) of the related party & nature of relationship Shivalik Steels and Alloys (P) Limited Barotiwala
b) Nature of contracts/arrangements/transaction Sale of Goods by M k Proteins Limited
c) Duration of the contracts / arrangements / transaction Regular Contract on ongoing basis
d) Salient terms of the contracts or arrangements or transaction including the value if any On general commercial terms
e) Date of approval by the Board On going contract was entered into in the ordinary course of business and on arm's length basis.
f) Amount paid as advances if any NIL

 

SL. No. Particulars Details
a) Name (s) of the related party & nature of relationship Kamla Oleo (P) Limited Barotiwala
b) Nature of contracts/arrangements/transaction Sale of Goods by M k Proteins Limited
c) Duration of the contracts/arrangements/transaction Regular Contract on ongoing basis
d) Salient terms of the contracts or arrangements or transaction including the value if any On general commercial terms
e) Date of approval by the Board On going contract was entered into in the ordinary course of business and on arm's length basis.
f) Amount paid as advances if any NIL