Your Directors take pleasure in presenting the Twenty Eighth Annual Report of theCompany together with the Audited Financial Statements for the financial year ended 31stMarch 2022.
1. FTNANCTAL HIGHLIGHTS
The financial results of the Company are summarized below:
| || ||(Rs. in Lakhs) |
|Particulars ||For the Financial Year ended 31.03.2022 ||For the Financial Year ended 31.03.2021 |
|Total Income ||244.65 ||219.44 |
|Less: Total Expenses ||329.72 ||210.19 |
|Profit/(Loss) before exceptional item and tax ||(85.07) ||9.25 |
|Exceptional Items ||103.09 ||-- |
|Profit/(Loss) before tax ||18.02 ||9.25 |
|Less: Tax Expenses || || |
|Current Tax ||8.92 ||1.40 |
|Deferred Tax ||(1.42) ||(3.16) |
|Profit after tax ||10.52 ||11.01 |
2. OPERATIONS & THE STATE OF COMPANY'S AFFAIRS
During the year under review the total revenue from operation of the Company is Rs.244.65 Lakhs as compared to Rs. 219.44 Lakhs during the previous year while the profitafter tax is Rs. 10.52 Lakhs as compared to Rs. 11.01 Lakhs during the previous year. Theperformance of the Company during the year under consideration was satisfactory and thecompany will continue to focus on its present business activities.
The COVID-19 pandemic outbreak which began in the middle of March 2020 continued toimpact the economy throughout the financial year 2021-22. The year was full ofuncertainties with slowdown in activities on the ground. Your Company has been strictlyadhering to lockdown announcements in accordance with the directives issued by theCentral State Government and Local Administration. The Company will continue to closelymonitor any material changes to the business and financial statements due to COVID-19. TheCompany took all necessary measures to mitigate the impact of the challenges being facedin the business. It is focused on controlling costs maintaining liquidity and closelymonitoring the operations.
In order to plough back the profits for future requirements of the company no dividendis being declared by the Board of Directors for the financial year under review.
4. SHARE CAPITAL
During the year under review the Company has not issued any securities includingequity shares with differential rights/ sweat equity shares/ employees stock optionsscheme/ bonus shares. Thus there is neither any change in the Authorized share Capitalnor any change in issued subscribed and paid-up share capital of the Company.
5. TRANSFER TO RESERVES
The Company during the period under review has transferred Rs. 2.10 Lakhs to SpecialReserve created under Section 45-IC of the RBI Act 1934. Except the said amount theCompany has not transferred any amount to the Reserves for the year under review.
6. MATERIAL CHANGES AND COMMITMENTS
There were no material changes and commitments affecting the Financial position of thecompany which have occurred between the end of Financial Year of the Company to which theFinancial Statements relate and the date of this report.
7. INTERNAL CONTROL SYSTEM & THEIR ADEQUACY
The Company has an internal control system commensurate with the size scale &complexities of its operations. Internal Control measures and systems are established toensure the correctness of the transactions and safe guarding of the assets. The Managementensures adherence to all internal control policies and procedures as well as compliancewith regulatory guidelines. The audit committee reviews the adequacy of internal controls.This has improved the management of the affairs of the Company and strengthenedtransparency and accountability. During the year under review no reportable materialweakness in the design or operation were observed.
8. SUBSIDIARIES JOINT VENTURES AND ASSOCIATE COMPANIES
The Company does not have any Subsidiary Joint venture or Associate Company.
The Company has neither invited nor accepted any deposits from the public within themeaning of Section 73 of the Companies Act 2013 during the financial year under review.
10. CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION FOREIGN EXCHANGE EARNINGS AND OUTGO.
The provision of Section 134(3) (m) of the Companies Act 2013 and the rules madethere under relating to conservation of energy technology absorption do not apply to theCompany as its activities are not relevant for the same.
There was no foreign exchange earnings and outgo during the financial year underreview.
11. DIRECTORS AND KEY MANAGERIAL PERSONNEL
During the financial year ended 31st March 2022. Your Company's Boardcomprised of 5 Directors - 3 Non Executive Independent Directors 1 Executive Director and1 Non-Executive Woman Director.
|Name of the Director ||Category |
|Mr. Beda Nand Choudhary ||Whole-time Director |
|Ms. Pritha Sinha Pandey ||Non Executive (Woman Director) |
|Mr. Jitendra Kumar Bhagat* ||Non Executive Independent Director |
|Mr. Nirmal ||Non Executive Independent Director |
|Mr. Pratim Priya Das Gupta ||Non Executive Independent Director |
|Ms. Sarika Kedia ||Company Secretary |
* Mr. Jitendra Kumar Bhagat was appointed as the Additional Director of the Company inIndependent Category with effect from 12th August 2021.
The appointment of independent director Mr. Pratim Priya Das Gupta and Mr. JitendraKumar Bhagat who were appointed as Additional Directors of the Company in IndependentCategory with effect from 11th November 2020 and 12th August 2021respectively was duly approved by the members at their Annual General Meeting held on 30thSeptember 2021.
In terms of the provisions of Section 152 of the Companies Act 2013 and Articles ofAssociation of the Company Mrs. Pritha Sinha Pandey (DIN-07016238) Director of theCompany is liable to retire by rotation at the ensuing Annual General Meeting and beingeligible offers herself for re-appointment.
Further the Board at their meeting held on 13th August 2022 considered andapproved the resignation of Mr. Nirmal who has resigned from the Board with effect from 2ndAugust 2022 due to his personal reasons.
The management of the Company is in process of filling vacancy of the post of KeyManagerial Personnel (KMP) i.e. the Chief Financial Officer.
12. PARTICULARS OF EMPLOYEES & KMP
During the financial year under review the following were the Key Managerial Personnelof the Company as per the provisions of the Companies Act 2013:
i) Sarika Kedia - Company Secretary and Compliance officer
ii) Beda Nand Choudhary - Whole-time Director
Disclosures pertaining to remuneration and other details as required under Section197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration ofManagerial Personnel) Rules 2014 are given below:
(i) The ratio of the remuneration of each director/KMP to the median employee'sremuneration for the financial year as prescribed is as given below:
|Sl. No. ||Name of KMP ||Remuneration of KMP for FY 2021-22 (Rs.) ||Previous Year Remuneration ( Rs.) ||% increase ||Ratio of remuneration of each director/ to median remuneration of employees |
|1 ||Sarika Kedia (Company Secretary) ||180000/- ||234000/- ||N.A. ||0.00 |
|2 ||Beda Nand Choudhary (Whole Time Director) ||600000/- ||600000/- ||N.A. ||0.00 |
Note: other than above none of the directors received any remuneration during thefinancial year ended 31st March 2022.
(ii) Percentage increase in the median remuneration director CEO and CFO during thefinancial year: NA. Percentage increase in the median remuneration Company Secretary is:N.A.
(iii) Percentage increase in median remuneration of employees in the financial year:Not applicable.
(iv) The number of permanent employees on the rolls of the company as on 31stMarch 2022: 4
(v) Average percentage increase made in the salaries of employees other than KMP in thefinancial year -10%.
It is hereby affirmed that the remuneration paid is as per the Remuneration Policy forDirectors KMP and other employees.
There were no persons employed by the Company during the Financial Year 2021-2022 whodraws remuneration as prescribed under Rule 5(2) of Companies (Appointment andRemuneration) Rules 2014 hence details with respect to the same is not required to begiven.
13. PREVENTION OF INSIDER TRADING
The Company adopted a Code of Conduct as per the Guidelines issued by the Securitiesand Exchange Board of India as amended from time to time for prevention of Insider Tradingwhich is applicable to the members of the Board and all employees in the course ofday-to-day business operations of the Company. The code of conduct framed by the Companyhas helped in ensuring compliance with the requirements.
14. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES
During the year the Company has not entered into any contract/arrangement/transactionwith related parties which could be considered material significant in accordance with thepolicy of the Company on materiality of related party transactions. All transactionsentered into with Related Parties during the financial year were in the ordinary course ofbusiness and on an arm's length pricing basis and do not attract the provisions of Section188 of the Companies Act 2013. There were no materially significant transactions withrelated parties during the financial year which were in conflict with the interest of theCompany. Suitable disclosure has been made in the note no. 34 of the Financial Statements.All Related Party Transactions are placed before the Audit Committee as also the Board forapproval.
15. ANNUAL RETURN
The details of Annual Return in prescribed form MGT - 7 as required under Section 92(3) and 134 (3) of the Act is displayed on the web site of the Company i.e.www.mersl.co.in.
16. MEETINGS OF THE BOARD
During the financial year ended 31st March 2022 6 (Six) Board meetingswere held respectively on 9th April 2021 30th June 2021 12thAugust 2021 25th October 2021 13th November 2021 and 12thFebruary 2022.
The attendances of Directors at these meetings are as follows:
|Name of Directors ||No. of Board Meetings Attended |
|Mr. Beda Nand Choudhary ||6 of 6 |
|Mr. Nirmal ||4 of 6 |
|Mr. Jitendra Kumar Bhagat ||3 of 6 |
|Ms. Pritha Sinha Pandey ||6 of 6 |
|Mr. Pratim Priya Das Gupta ||6 of 6 |
The provisions of Companies Act 2013 and Securities Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations 2015) read with relevant circularsissued by the concerned authorities were adhered to while considering the time gapbetween two meetings.
MEETINGS OF THE INDEPENDENT DIRECTORS
During the financial year ended 31st March 2022 two meetings of theIndependent Directors were held on 12th August 2021 and 12thFebruary 2022 inter alia to discuss:
Evaluation of the performance of the Non Executive Directors and Board ofDirectors as a whole;
Evaluation of the performance of the chairman of the meetings of the companytaking into account the views of the executive and non-executive directorsnon-independent directors and board of directors as a whole;
Evaluation of the quality content and timelines of flow of information betweenthe Management and the Board that is necessary for the Board to effectively and reasonablyperform its duties.
All the Independent Directors were present at the meeting.
17. COMMITTEES OF THE BOARD
The Company has constituted different Committees under the Board that are mandatedunder the Companies Act 2013 and of SEBI (Listing Obligations and DisclosureRequirements) Regulations 2015.
(a) AUDIT COMMITTEE
The Company has in place an Audit Committee in terms of the requirements of Section 177of the Companies Act 2013 read with rules made thereunder and Regulation 18 of SEBI(Listing Obligations and Disclosure Requirements) Regulations 2015.
The Audit Committee comprises three Directors out of which two are independent. Duringthe year the Audit Committee met 5 times to deliberate on various matters on 30thJune 2021 12th August 2021 25th October 2021 13thNovember 2021 and 12th February 2022.
The Composition of the Audit Committee and the attendance of each member at thesemeetings are as follows:
|Name of Directors ||Position Held ||No. of Meetings Attended |
|Mr. Pratim Priya Das Gupta ||Chairman ||5 |
|Mr. Beda Nand Choudhary ||Member ||5 |
|Mr. Jitendra Kumar Bhagat ||Member ||3 |
|Mr. Nirmal ||Member ||2 |
The Board at its meeting held on 12th August 2021 has reconstituted the auditcommittee and thereby Mr. Nirmal ceased to be member and in place of him Mr. JitendraKumar Bhagat was inducted as a member of the Audit Committee. Further Mr. Pratim Priya DasGupta became the chairperson of the Committee with effect from 12th August2021.
Statutory Auditors and Internal Auditors or their representatives are permanentinvitees for the meetings of the Committee. The Company Secretary acts as the Secretary tothe Committee.
The Chairman of the Audit Committee attended the Annual General Meeting of the Companyheld on 30th September 2021 and he ensured that necessary clarifications andexplanations were provided to the Members of the Company on issues regarding accounts andfinance.
The Quarterly Un-audited Financial Results as well as the Annual Financial Statementsare reviewed and examined by the members of the Audit Committee before recommendation ofthe same to the Board of Directors of the Company for their perusal and approval. TheAudit Committee ensures an effective internal control system.
(b) NOMINATION AND REMUNERATION COMMITTEE
The Nomination and Remuneration Committee comprises of three Non-Executive Directorsout of which two are independent. The Chairman of the Committee Mr. Pratim Priya DasGupta is the NonExecutive Independent Director. During the year under review one meetingof Nomination and Remuneration Committee were held on 12th August 2021.
The Chairman of the Nomination and Remuneration Committee attended the Annual GeneralMeeting of the Company held on 30th September 2021.
The Composition and attendance of Nomination and Remuneration Committee as on 31stMarch 2022 is given below:
|Name of Directors ||Position Held ||No. of Meetings Attended |
|Mr. Pratim Priya Das Gupta ||Chairman ||1 |
|Mrs. Pritha Sinha Pandey ||Member ||1 |
|Mr. Jitendra Kumar Bhagat ||Member ||- |
The Board at its meeting held on 12th August 2021 has reconstituted the Nomination andRemuneration committee and thereby Mr. Nirmal ceased to be member and in place of him Mr.Jitendra Kumar Bhagat was inducted as a member of the Nomination and RemunerationCommittee. Further Mr. Pratim Priya Das Gupta became the chairperson of the Committee witheffect from 12th August 2021.
The Nomination and Remuneration Committee of the Board is constituted to.
(a) formulate from time to time process for selection and appointment of new Directorskey managerial personnel and other employees and their succession plans and
(b) recommend to the Board from time to time a compensation structure for Directorsand other key managerial personnel.
(c) INVESTORS' GRIEVANCE & STAKEHOLDER'S RELATIONSHIP COMMITTEE
The Company constituted the Committee to oversee the investor grievances in relation totransfer of shares non-receipt of annual report dividend and other grievances. It is thepolicy of the Company to promptly attend to and resolve the complaints received from theshareholders. The Committee also oversees the performance of the Registrar and ShareTransfer Agents of the Company and recommends measures for overall improvement in thequality of investor services. During the financial year ended 31st March 2022four meetings of the Committee were held on 30th June 2021 12thAugust 2021 13th November 2021 and 12th February 2022.
The composition of the Investors' Grievance & Stakeholder's Relationship Committeeon 31st March 2022 is as follows:
|Name of Directors ||Positions held ||No. of Meetings attended |
|Mr. Pratim Priya Das Gupta ||Chairman ||4 |
|Mr. Beda Nand Choudhary ||Member ||4 |
|Mr. Jitendra Kumar Bhagat ||Member ||2 |
The Board at its meeting held on 12th August 2021 has reconstituted the Investors'Grievance & Stakeholder's Relationship committee and thereby Mr. Nirmal ceased to bemember and in place of him Mr. Jitendra Kumar Bhagat was inducted as a member of theInvestors' Grievance & Stakeholder's Relationship Committee. Further Mr. Pratim PriyaDas Gupta became the chairperson of the Committee with effect from 12th August 2021.
No sitting fee has been paid to the Executive and Non-Executives Directors during theperiod under review for attending the meetings of the Board and its Committees.
18. DECLARATION OF INDEPENDENT DIRECTORS
All 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 and SEBI (Listing Obligations andDisclosure Requirements) Regulations 2015.
19. PERFORMANCE EVALUATION OF THE BOARD/COMMITTEES AND INDEPENDENT DIRECTORS
The Board of Directors has carried out an annual evaluation of its own performanceboard committees and Independent Directors pursuant to the applicable provisions of theCompanies Act 2013 and SEBI (Listing Obligations and Disclosure Requirements)Regulations 2015.
The aspects covered in the evaluation included the contribution made by the Directorsto the corporate governance practices long term strategic planning fulfillment ofDirector's obligations and fiduciary responsibilities and active participation at theBoard and Committee meetings. The effectiveness of Board / Committee processes wereassessed based on the Directors' inputs received during the meetings of the Board ofDirectors.
The Board and the Nomination and Remuneration Committee reviewed the performance of theindividual directors on the basis of the criteria such as the contribution of theindividual director to the board and committee meetings.
In a separate meeting of Independent Directors performance of non-independentdirectors and performance of the board as a whole was evaluated taking into account theviews of all the directors.
20. VIGIL MECHANISM
The Company has a vigil mechanism/whistle blower policy to deal with instances of fraudand mismanagement in terms of Section 177(9) of the Companies Act 2013.
21. CORPORATE GOVERNANCE
Pursuant to Regulation 15 of SEBI (Listing Obligations and Disclosure Requirements)Regulations 2015 report on Corporate Governance is not applicable to the Company for thefinancial year 2021-22 since the Net Worth is below Rs. 25.00 Crores and the Paid upequity share Capital of the Company is less than Rs. 10.00 Crores.
22. DIRECTORS' RESPONSIBILITY STATEMENT
In accordance with the provisions of Section 134(5) of the Companies Act 2013 theBoard hereby submits its responsibility Statement:-
(a) that in the preparation of the Annual Accounts for the year ended 31stMarch 2022 the applicable accounting standards had been followed along with properexplanation relating to material departures;
(b) that the Directors have selected such accounting policies and applied themconsistently and made judgments and estimates that are reasonable and prudent so as togive a true and fair view of the state of affairs of the Company as at 31stMarch 2022 and of the profit for the year ended as on that date;
(c) that the Directors have taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of the Companies Act 2013for safeguarding the assets of the company and for preventing and detecting fraud andother irregularities;
(d) that the Directors have prepared the Annual Accounts for the financial year ended31st March 2022 on a going concern basis;
(e) that the Directors have laid down internal financial controls to be followed by thecompany and that such internal financial controls are adequate and were operatingeffectively; and
(f) that the Directors have devised proper systems to ensure compliance with theprovisions of all applicable laws and that such systems were adequate and operatingeffectively.
23. AUDITORS AND AUDITORS' REPORT
Pursuant to the provisions of section 139 of the Companies Act 2013 M/ s. Gupta &Manglik (Firm Registration No. 311118E) Chartered Accountants were appointed asstatutory auditors of the Company at the 25th Annual General Meeting (AGM) ofthe Company to hold office from the conclusion of the 25th Annual GeneralMeeting for a tenure of consecutive 5 years till the conclusion of the 30thAnnual General Meeting.
The Report given by the Auditors on the financial statement of the Company is part ofthis Report and are self explanatory. There has been no qualification reservationadverse remark or disclaimer given by the Auditors in their Report.
The Statutory Auditors have not reported any incident of fraud of the Company duringthe financial year 2021-22.
Secretarial Auditor Report:
The Board has appointed Mr. Jagannath Kar (Membership No. 20600) Practicing CompanySecretary to carry out the Secretarial Audit pursuant to the provisions of Section 204 ofthe Companies Act 2013 for the Financial Year 2021-22. The Secretarial Audit Report forthe Financial Year ended March 31 2022 is annexed herewith and marked as Annexure I tothis report.
Secretarial Auditor's observations if any in his report have been suitably explainedby way of appropriate notes to accounts and/or in the Board's Report wherever it wasconsidered necessary.
24. COST AUDITORS
Pursuant to section 148 (3) of the Companies Act 2013 and rule 6(2) of the Companies(Cost records and Audit Rules) 2014 is not applicable to the Company.
25. STATUTORY DISCLOSURES
None of the Directors of the Company are disqualified as per the provisions of Section164 of the Companies Act 2013. The Directors have made the necessary disclosures asrequired by the various provisions of the Act and SEBI (Listing Obligations and DisclosureRequirements) Regulations 2015.
26. DISCLOSURE UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION PROHIBITIONAND REDRESSAL) ACT 2013
In order to prevent sexual harassment of women at workplace your company has adopted aPolicy for prevention of sexual harassment of women at workplace and no such complaintshave been reported during the financial year under review.
27. CORPORATE SOCIAL RESPONSIBILITY
Considering the turnover/ net worth/ net profit the provision of Section 135 of theCompanies Act 2013 relating to Corporate Social Responsibility is not applicable to thecompany.
28. RISK MANAGEMENT POLICY
The Company is exposed to several risks. They can be categorized as operational riskand strategic risks. The Management has put in place adequate and effective system and manpower for the purpose of Risk Management.
The company has taken several mitigating actions applied many strategies andintroduced control and reporting systems to reduce and mitigate the risks. A detailedexercise is being carried out to identify evaluate manage and monitoring of bothbusiness and non- business risks.
29. MANAGEMENT DISCUSSION AND ANALYSIS REPORT
Management Discussion and Analysis Report for the year under review as stipulated underRegulation 34(3) read with Schedule V of Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations 2015 is presented in a separatesection forming part of the Annual Report.
30. COMPLIANCE WITH SECRETARIAL STANDARDS
The Company has complied with Secretarial Standards issued by Institute of CompanySecretaries of India (ICSI) as and when it was applicable.
31. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS
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.
32. LOANS GUARANTEES AND INVESTMENTS
As the Company is a Non-Banking Finance Company being engaged in the business offinancing and investment activities provisions of Section 186 of the Companies Act 2013is not applicable to the Company.
However the particulars of loans and investments made under Section 186 of theCompanies Act 2013 during the financial year are provided in the Notes to the FinancialStatements.
The Equity Shares of the company are listed on BSE Limited (BSE). The Company isregularly paying listing fees to the BSE. Since last several years the Calcutta StockExchange Limited (CSE) is a non-operational Exchange and do not provide any tradingplatform to the investors of the Company. The Board of Directors at its meeting held on13th August 2018 has approved voluntary delisting of the shares from CSE which is adefunct stock exchange.
34. GENERAL BODY MEETING:
Location & Time of Last 3 Annual General Meetings:
|AGM ||Date ||Venue ||Time ||No. of Special Resolutions |
|27th ||30th September 2021 ||Through Video Conferencing ||12:30 P.M. ||None |
|26th ||30th September 2020 ||Through Video Conferencing ||11:30 A.M. ||None |
|25th ||30th September 2019 ||432 Prince Anwar Shah Road Kolkata - 700068 ||9.30 A.M. ||One |
At the above-mentioned meetings all the Resolutions were passed with requisitemajority. No Resolution was passed during the financial year ended 31st March2022 through Postal Ballot.
35. GENERAL SHAREHOLDER INFORMATION
(i) Ensuing Annual General Meeting Details:
|Day & Date ||Tuesday 13th September 2022 |
|Venue ||The Annual General Meeting shall be held through Video Conferencing ('VC')/Other Audio-Visual Means ('OAVM') facility and the deemed venue for the 28th AGM shall be the Registered Office of the Company |
|Time ||12:30 p.m. |
|Book Closure Date ||7th September 2022 to 13th September 2022 (both days inclusive) |
(ii) The financial year of the Company covers 1st April 2021 to 31stMarch 2022.
(iii) Listing of Shares on Stock Exchanges with Stock Code
|STOCK EXCHANGE ||STOCK CODE |
|Bombay Stock Exchange Ltd. ||511688 |
|Phiroze Jeejeebhoy Towers || |
|Dalal Street Mumbai - 400 001 || |
|Telephone nos. : 022-2272 1233/34 || |
|Facsimile no. : 022-2272 1919 || |
|website : www.bseindia.com || |
(a) ISIN No. for the Company's ordinary shares in demat form: INE963B01019
(b) Depository Connectivity: NSDL and CDSL.
(iv) DISTRIBUTION OF SHARE HOLDING AS ON 31st MARCH 2022:
(a) ACCORDING TO CATEGORY OF HOLDING:
|Category of Shareholders ||No. of shares held ||% of holding |
|Promoters ||2080343 ||31.28 |
|Bodies Corporate || || |
|Non - Promoters ||Nil ||Nil |
|Institutional Investors ||Nil ||Nil |
|Mutual Funds & UTI ||Nil ||Nil |
|Banks FIs Insurance Companies FIIs' ||Nil ||Nil |
|Others || || |
|Private Corporate Bodies ||2258545 ||33.96 |
|Indian Public ||2294726 ||34.51 |
|NRIs/OCB ||16386 ||0.25 |
|Total ||6650000 ||100.00 |
(b) ACCORDING TO NUMBER OF ORDINARY SHARES HELD:
|Shareholding ||Number of Share holders ||% to total Shareholders ||Number of shares ||% to total Shares |
|1 - 500 ||2900 ||92.83 ||336816 ||5.06 |
|501 - 1000 ||99 ||3.17 ||82199 ||1.24 |
|1001 - 2000 ||43 ||1.38 ||68183 ||1.02 |
|2001 - 3000 ||11 ||0.35 ||26007 ||0.39 |
|3001 - 4000 ||7 ||0.23 ||24600 ||0.37 |
|4001 - 5000 ||6 ||0.19 ||26610 ||0.40 |
|5001 - 10000 ||16 ||0.51 ||134058 ||2.02 |
|10001 - 50000 ||16 ||0.51 ||360149 ||5.42 |
|50001 - 100000 ||12 ||0.38 ||938169 ||14.11 |
|100001 and above ||14 ||0.45 ||4653209 ||69.97 |
|Total ||3124 ||100.00 ||6650000 ||100.00 |
Your Board wishes to place on record its sincere appreciation for the wholeheartedsupport received from members government authorities bankers employees consultants andall other business associates. We look forward to continued support of all these partnersin progress.
| || |
For & on behalf of the Board
|Place: Kolkata ||Beda Nand Choudhary ||Pritha Sinha Pandey |
|Date: 13th August 2022 ||(DIN - 00080175) ||(DIN -07016238) |
|Registered Office: ||Whole-time Director ||Director |
|Raj Kamal Building 1st Floor || || |
|128 Rash Behari Avenue || || |
|Kolkata - 700029 || || |