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Mallcom (India) Ltd.

BSE: 539400 Sector: Industrials
NSE: MALLCOM ISIN Code: INE389C01015
BSE 00:00 | 16 May 659.55 -8.70
(-1.30%)
OPEN

678.55

HIGH

678.55

LOW

635.40

NSE 00:00 | 16 May 649.50
(%)
OPEN

729.00

HIGH

729.00

LOW

634.95

OPEN 678.55
PREVIOUS CLOSE 668.25
VOLUME 148
52-Week high 985.00
52-Week low 571.00
P/E 13.35
Mkt Cap.(Rs cr) 412
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 678.55
CLOSE 668.25
VOLUME 148
52-Week high 985.00
52-Week low 571.00
P/E 13.35
Mkt Cap.(Rs cr) 412
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Mallcom (India) Ltd. (MALLCOM) - Director Report

Company director report

Dear Members

Your Directors are pleased to present the Thirty-Seventh Annual Report on the businessand operation of the Company together with Audited Statement of Accounts for the yearending March 31st 2021.

FINANCIAL HIGHLIGHTS

Consolidated

Standalone

Particulars 31.03.2021 31.03.2020 31.03.2021 31.03.2020
Total Revenue 32010.57 28814.95 32940.85 28814.95
Profit Before Tax (PBT) 3745.48 2377.24 3404.57 2307.33
Provision for Tax 914.28 641.81 852.33 634.25
Profit After Tax [PAT] 2826.81 1888.43 2552.24 1826.07
Other Compreensive Income (Net of Tax) 2.62 3.51 2.62 3.51
Total Comprehensive Income for the period 2829.44 1891.94 2554.86 1829.58
Appropriations
Transfer to General Reserve 2500.00 1600.00 2500.00 1600.00
Surplus carried to the next year's account 183.97 (248.46) 111.60 181.54

OVERVIEW OF COMPANY PERFORMANCE

During the financial year 2021:

The standalone revenue of the company increased 14.32 % to Rs. 32940.85 Laks comparedto Rs.

28.814.95 Lakhs in 2019-20.

The standalone and consolidated profit after tax for the current year was Rs. 2552.24Lakhs and Rs. 2826.81 Lakhs respectively as against Rs. 1826.07 Lakhs and Rs. 1888.43Lakhs respectively for the previous year.

The consolidated revenue of the company for the year was Rs. 32010.57 Lakhs as againstRs.

28.814.95 Lakhs for the previous year.

SHARE CAPITAL

The paid up equity share capital as at March 31st 2021 was Rs. 624.00 Lakh. During theyear under review the company has not issued shares with differential voting rights norhas granted any stock options or sweat equity.

TRANSFER TO RESERVE

The company has transferred an amount of Rs. 2500 Lakh to the general reserve for thefinancial year ended March 31st 2021.

DIVIDEND

The Board of Directors at their meeting held on 19th June 2021 has recommendedpayment of Rs. 3/- (Rupees Three only) (30%) per equity share of the face value of Rs.10(Rupees Ten only) each as final dividend for the financial year ended 31st March 2021.The payment of final dividend is subject to the approval of the shareholders at theensuing Annual General Meeting (AGM) of the Company. The dividend if approved by theshareholders at the ensuing Annual General Meeting shall be paid to those shareholderswhose names appear in the Register of Members as on Book Closure Date.

Total dividend of 30% for the financial year 2020-2021 would absorb Rs. 187.20 Lakh.

In view of the changes made under the Income-tax Act 1961 by the Finance Act 2020dividends paid or distributed by the Company shall be taxable in the hands of theShareholders. The Company shall accordingly make the payment of the final dividend afterdeduction of tax at source.

TRANSFER TO INVESTOR EDUCATION AND PROTECTION FUND

Pursuant to the provision of Section 126(5) of the Companies Act 2013 dividend whichremains unpaid or unclaimed for a period of seven years from the date of its transfer tounpaid/ unclaimed ' \ dividend account is required to be transferred

by the Company to Investor Education and Protection Fund (IEPF) established by theCentral Government under the provisions of Section 125 of Companies Act 2013.

Pursuant to the provisions of Section 126(5) of the Companies Act 2013 your Companyhas H transferred Rs. 21758/- during

the year to the Investor Education

and Protection Fund. This amount was lying unclaimed/ unpaid with the Company for a

period of 7 (Seven) years after declaration of Final Dividend for the Financial Yearended 2012-13.

MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY.

No material changes and commitments affecting the financial position of the Companyoccurred between the end of the financial year to which this financial statements relateand the date of this Report.

CHANGE IN NATURE OF BUSINESS

There has been no change in the nature of business of the company. Your Companycontinues to be one of the leading Personal Protective Equipment Manufacturer in thecountry.

SUBSIDIARY COMPANIES

The Company has two wholly owned subsidiary companies namely Mallcom VSFT Gloves Pvt.Ltd.(VSFT) Best Safety Private Limited (BSPL) and another subsidiary Mallcom Safety Pvt.Ltd. (MSPL). The Company regularly monitors the performance of these companies.

During the year under review Mallcom Safety Pvt. Ltd. erstwhile wholly ownedsubsidiary of the Mallcom (India) Ltd. has issued 2000000 equity shares on preferentialallotment basis. Out of which U99900 equity shares were issued to M/s.

AB Holdings Ltd. and remaining 500100 equity shares were issued to Mallcom (India)Ltd. Post this allotment Mallcom (India) Ltd.'s shareholding in MSPL stands at 50.003%.

Further during the financial year 2020-2021 Mallcom (India) Ltd. acquired 100% equitystake in Best Safety Pvt. Ltd. Consequent to the acquisition M/s. Best Safety Pvt. Ltd.became a wholly owned subsidiary of the Company.

The Consolidated Profit and Loss Account for the period ended 31st March 2021includes the Profit and Loss Account for

the subsidiaries for the complete Financial Year ended 31st March 2021. TheConsolidated Financial Statements of the

Company including all subsidiaries duly audited by the statutory auditors are presentedin the Annual Report. The

consolidated financial statements have been prepared in strict

compliance with applicable Indian Accounting Standards and

whereable applicable the SEBI (Listing Obligations and

Disclosure Requirements] Regulations 2015

prescribed by the Securities and Exchange Board of ^g^Bj

A Report on Performance and Financial ^ Jr B^" ^

Position of each of the Subsidiaries in f ^j''-

Form AOC—1 is annexed herewith as j / -/ L

Annexure - A of this report. The annual a' 7

accounts of the subsidiary

companies and the related detailed m- ^ i&j j

information shall be made M t • "~B F

available to Shareholders of the jt ‘ / \

Company upon request and it t f i I H ll

.