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Nova Iron & Steel Ltd.

BSE: 513566 Sector: Metals & Mining
NSE: NOVAIRNSTL ISIN Code: INE608C01026
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NSE 05:30 | 01 Jan Nova Iron & Steel Ltd
OPEN 4.67
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VOLUME 1866
52-Week high 14.70
52-Week low 4.67
P/E 3.64
Mkt Cap.(Rs cr) 17
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 4.67
CLOSE 4.69
VOLUME 1866
52-Week high 14.70
52-Week low 4.67
P/E 3.64
Mkt Cap.(Rs cr) 17
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Nova Iron & Steel Ltd. (NOVAIRNSTL) - Director Report

Company director report

To Members

Nova Iron and Steel Limited

Registered office: Village-Dagori Tehsil-Belha Distt.-Bilaspur Chhattisgarh

Your Directors have pleasure in presenting the 26th Annual Report together withStandalone & Consolidated Audited Accounts for the year ended 31st March 2018.

FINANCIAL HIGHLIGHTS (STANDALONE)

(Rs. in Lacs)
Particulars 2017-18 2016-17
(12 Months) (12 Months)
Gross Revenue 2126.96 5692.30
Profit/Loss before Interest Depreciation and Tax 1006.62 1053.19
Interest & Financial Cost 677.77 666.26
Depreciation & Amortization 101.80 118.59
Profit/(Loss) before Tax 227.05 268.33
Deferred Tax Assets (+)/Liability(-) 0.78 -11.63
Profit/(Loss) after Tax 227.83 256.70
Net Profit/(Loss) transferred to Balance Sheet 227.83 256.70

FINANCIAL SUMMARY

Company earned gross revenue Rs. 2126.96 lacs for the financial year under review ascompared to Rs. 5692.30 lacs for the previous financial year. Company earned profit of Rs.227.83 lacs after tax as compared to Rs. 256.70 lacs for the previous year.

OPERATION AND FUTURE OUTLOOK

During the year some of the major over-leveraged companies in the infrastructure powergeneration and steel sector were referred to National Company Law Tribunal (NCLT) underInsolvency and Bankruptcy Code (IBC). Overall the sectors that company operates inremained depressed adversely impacting the business of the Company. Resolution under IBCand effective monitoring of credit quality by Banks is expected to provide stable andfavorable markets from FY'19 onwards.

In response to recent declines and higher volatility in steel and raw material pricesthe Company is in process to implement a number of cost-saving measures intended toimprove operating income as well as measures to enhance cash generation from the business.

CAPITAL & RESERVES

During the year there is no change in the capital of the Company. Company has nottransferred any amount to the General Reserve. Balance of profit has been transferred toReserve and Surplus.

DIVIDEND

In view of inadequate profit during the year Board of Directors has not recommendedDividend for distribution.

CHANGE IN NATURE OF BUSINESS

There was no change in the nature of business of the Company during the financial year.

BOARD MEETINGS

During the financial year 05 (Five) meetings of Board of Directors of the Company heldincluding one Meeting of the Independent Directors.

AUDIT COMMITTEE

The composition of Audit Committee comprises 3(three) members Mr. N. AwatarIndependent Director and Mr Arvind Gupta Independent Director and Mr. R. P. GoyalDirector. Mr. N. Awatar is Chairman of the Committee. Audit Committee have powers andauthority as provided under the provisions of Companies Act 2013 and Regulation 18 ofSEBI (LODR) Regulations 2015 in accordance with the terms of reference specified by theBoard of Directors from time to time. Board has accepted all recommendations of theCommittee made during the year. During the year 4(four) meeting of audit committee heldand committee has reviewed related party transactions periodically.

EXTRACT OF ANNUAL RETURN

The extract of the Annual Return in Form MGT-9 under Companies Act 2013("Act") and rules made thereunder is at Annexure -1 attached to Board's Report.

AUDITORS

The Companies (Amendment) Act 2017 has amended Section 139(1) of the Companies Act2013 effective from 7th May 2018 whereby first proviso to Section 139(1) is omitted whichprovided for ratification of reappointment of Auditors by members at every Annual GeneralMeeting.

In view of the same the Board of Directors have proposed the approval of the membersfor reappointment of M/s. Mehra Goel & Co. Chartered Accountants Firm Regd. No.000517N New Delhi as Auditors of the Company for the term of four years i.e. from theConclusion of this Annual General Meeting till the conclusion of the 30th Annual GeneralMeeting to be held in 2022.

SECRETARIAL AUDITOR

In terms of Section 204 of the Act read with Rule 9 of the Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014 Board at its meeting held on 30/05/2017appointed M/s Sharma Sarin & Associates Practicing Company Secretary Chandigarh asthe Secretarial Auditor of the Company to conduct the Secretarial Audit for the financialyear 31/03/2018 and to submit Secretarial Audit Report in Form No. MR-3. A copy of theSecretarial Audit Report is at Annexure-2 attached to Board Report.

AUDITORS' REPORTS

Auditors have not made any qualification/adverse remarks on the Financial Statement forthe year ended 31st March 2018. The observations if any are self–explanatory andcalls for no comments.

There is no qualification reservation or adverse remark made by the SecretarialAuditor in their Secretarial Audit Report for the financial year ended 31.03.2018.

COST AUDIT

Company is not required to appoint Cost Auditor since the turnover of the Company isbelow prescribed limit. However Company is maintaining Cost Records.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

Company's Board is duly constituted which is in compliance with the requirements of theAct and SEBI (LODR) Regulation 2015.

Since last Financial year the following changes have taken place in theDirectorship/KMPs of the Company.

Sh. Sanjay Singal (DIN 00006579) Non-Executive Director is due to retire by rotationat the ensuing AGM and being eligible offers himself for re-appointment. A brief profilealong with necessary disclosures of Sh. Sanjay Singal has been annexed to the Noticeconvening the ensuing AGM.

None of the Directors has incurred disqualification under Section 164 of the Act orliable to cease director under section 167 of the Act.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to Section 134(3)(c) of the Act with regard to Directors' ResponsibilityStatement your Directors hereby confirm that:

(a) in the preparation of the annual accounts for the year ended 31.03.2018 theapplicable Ind-AS have been followed to the extent of its applicability along with properexplanation relating to material departures.

(b) the Directors have selected such accounting policies and applied them consistentlyand made judgments and estimates that are reasonable and prudent so as to give a true andfair view of the state of affairs of the Company at the end of the financial year and ofthe profit of the Company for the year;

(c) the Directors have taken proper and sufficient care of the maintenance of adequateaccounting records in accordance with the provisions of this Act for safeguarding theassets of the Company and for preventing and detecting fraud and other irregularities;

(d) the Directors have prepared the annual accounts on a going concern basis.

(e) the internal financial controls to be followed by the company were laid down andsuch internal financial controls were adequate and were operating effectively.

(f) proper systems to ensure compliance with the provisions of all applicable laws weredevised.

DIRECTOR IDENTIFICATION NUMBER (DIN)

Present Directors have obtained Director Identification Number (DIN) under DirectorIdentification Rules 2006 which is valid DIN under Companies (Appointment andQualification of Directors) Rules 2014.

NOMINATION AND REMUNERATION POLICY FOR DIRECTORS KEY MANAGERIAL PERSONNEL AND OTHEREMPLOYEES

Board of Directors of the Company has approved a policy for nomination and remunerationfor directors KMP and other employees containing interalia criteria for determiningqualifications positive attributes independence of a director payment of Managerialremuneration and other related matters is at Annexure-3 attached to the Board's Reportwhich can b e a s s e s s e d a t C o m p a n y ' s w e b l i n k ;http://www.novaironsteel.com/pdfs/Remuneration% 20Policy.pdf.

PARTICULARS RELATING TO TECHNOLOGY ABSORPTION CONSERVATION OF ENERGY & FOREIGNEXCHANGE EARNINGS AND OUTGO

Information pursuant to Section 134(3)(m) of the Act regarding conservation of EnergyTechnology Absorption foreign exchange earnings and outgo is enclosed at Annexure –4 attached to Board's Report.

INTERNAL AUDITORS AND ADEQUACY OF INTERNAL FINANCIAL CONTROLS

Company has appointed M/s Rajesh Aggarwal & Associates Practicing CharteredAccountant as Internal Auditor. Internal control framework of the Company is adequate andcommensurate with the nature of the business and size of the Company. The internalauditors monitor and evaluate the efficacy and adequacy of Internal Financial Controlsystem in the company its compliance with operating system accounting procedures andpolicy. Internal Auditors submit his report to Audit committee half yearly.

PARTICULARS OF LOAN GUARANTEE INVESTMENT OR PROVIDING SECURITY

During the financial year Company has neither given

Loan nor given guarantee nor provided security or made investment u/s 186 of the Act.(Please refer note 4 attached to financial statements of the Company for the year ended31/03/2018 in respect of investments of the Company).

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

During the year under review the particulars of contract and arrangement entered intoby the Company with related parties referred to in sub–section (1) of section 188 ofthe Companies Act 2013 including certain contract/arrangement at arm's length aredisclosed in Form No. AOC-2 at Annexure – 5 attached to Board's Report. Pursuant toregulation 23(4) of SEBI (LODR) Regulations 2015 company has taken the approval ofshareholders in 25th AGM for material related party transactions. (Please refer note 34 ofattached financial statement of related party transaction)

EMPLOYEES STOCK OPTION

Company has not issued Sweat Equity Shares or ESOP (Employees Stock Option) to itsemployees.

LISTING

The Equity shares of the company are listed at Bombay Stock Exchange. The Company haspaid listing fees to the Stock Exchange for the year 2017-18.

BUY BACK OF SHARES

During the year Company has not made buy back of its shares nor it has given any loanfor purchase of its own shares.

MATERIAL CHANGE(S)

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.

RISK MANAGEMENT POLICY

Board of Directors has adopted a Risk Management Policy/Plan for the Company wherebyrisks are broadly categorized. The Policy outlines the parameters of identificationassessment monitoring and mitigation of various risks which are key to businessobjectives which is also available at Company's weblink: http://www.novaironsteel.com/pdfs/Risk%20Management%20Policy.pdf.

PERFORMANCE EVALUATION OF BOARD

During the year under report Board of Directors evaluated performance of Committees andall the individual Directors including Independent Directors and concluded by affirmingthat the Board summarizing as a whole as well as all of its Directors individually andthe Committees of the Board continued to good governance and contribute its best in theoverall growth of the organisation. Independent

Directors also held separate meeting to evaluate annual performance of Chairman andexecutive directors and expressed satisfaction on their performance.

DEPOSITS

During the year under report company has not accepted any deposits under Chapter Vof the Act from the public and as such no amount of principal or interest was outstandingon the date of Balance Sheet. Information under Rule 8(5)(v)(vi) of Companies (Accounts)Rules 2014 be treated as Nil.

SEGMENT REPORTING

The Company is primarily engaged in the business of manufacturing / trading of Iron& Steel Metals Securities & Natural Resources business and also engaged inTrading in commodities. Accordingly segment report has been disclosed at note 31 ofattached financial statement.

SIGNIFICANT AND MATERIAL ORDERS

During the year there was no significant and material orders passed by the regulatorsor courts or tribunals impacting the going concern status and Company's operations infuture.

PARTICULARS RELATING TO REMUNERATION OF EMPLOYEES OF THE COMPANY

Details pursuant to section 197(12) of the Act read with Rule 5(1) of Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 is at Annexure -6attached to the Board' Report. During the year no employee has remuneration equal to ormore than prescribed limit under Rule 5(2) and 5(3) of Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014 hence information under these rules betreated as NIL. Pursuant to MCA Notification dated 30.06.2016 detail of top ten employeesas attached to Board Report is at Annexure-7

CODE OF CONDUCT

Declaration pursuant to Regulation 34(3) of SEBI (LODR) Regulations 2015 in respect ofcompliance with code of conduct by Whole Time Director/CEO is at Annexure-8 attach to theBoard Report.

CORPORATE SOCIAL RESPONSIBILITY POLICY

Company has constituted Corporate Social Responsibility (CSR) Committee. Mr. R.P.Goyal Director Mr. H.C. Verma Whole Time Director and Mr. Narsingh Awatar IndependentDirector are members of the Committee. Mr. R.P. Goyal is the Chairman of the Committee. Onthe recommendation of CSR Committee CSR Policy of the Company has been approved by theBoard which is uploaded at Company's weblink: http://www.novaironsteel.com/pdfs/CSR%20Policy.pdf.The Annual Report on CSR activities as per Companies (Corporate SocialResponsibility Policy) Rules 2014 is at Annexure -9 attached to the Board's Report.Company was not required to spend any amount on CSR Activities during the year sincecompany has incurred net average loss in last three years of the company.

SUBSIDIARIES JOINT VENTURES OR ASSOCIATE COMPANIES

Company do not have Subsidiary or Associates company. Company has one Joint Venture. Areport on performance and financial position of Joint Venture company included in theconsolidated financial statement in form AOC-1 annexed to the Board' Report atAnnexure-10.

VIGIL MECHANISM /WHISTLE BLOWER POLICY

Company has in place a composite ‘Vigil Mechanism' Policy/Whistle Blower Policyavailable to the employees and directors to blow the whistle/ highlight any fraudirregularity wrongdoing etc. which is also available at weblink:http://www.novaironsteel.com/pdfs/ Vigil%20Mechanism.pdf. Audit Committee periodicallyreviewed Vigil Mechanism.

CORPORATE GOVERNANCE

A report on Corporate Governance in compliance of conditions of Corporate Governance interms of SEBI (Listing Obligations and Disclosures Requirements) Regulations 2015 is atAnnexure-11.

A certificate of Statutory Auditors and a certificate from Whole Time Director/CEO ofthe Company regarding is at Annexure-12 and 13 respectively attached to Board's Report incompliance of SEBI (LODR) Regulations 2015.

GENERAL

(i) ENVIRONMENT & OTHER APPLICABLE LAW

The Company is committed to the protection of environment and is not involved in anyactivity hazardous to environment. The Company adheres to the provisions of the applicableprovisions of environment laws.

(ii) HEALTH & SAFETY

In order to build a sustainable work place environment a common health and safetymanagement system is being implemented. All efforts are being made to enhance safetystandards and processes in order to minimize safety risks in all our operations.

(iii)SEXUAL HARASSMENT OF WOMEN

The Company has zero tolerance towards sexual harassment at the workplace. During theFinancial Year 2017-18 the Company has received no complaints of sexual harassment sincethere is no female employee.

(iv) INDUSTRIAL RELATIONS

Relations between the Management and its Employees/ Workmen have been cordial andmanagement expressed their appreciation for the c o - o p e r a t i o n a n d d e d i c at i o n o f t h e employees/workmen at all levels of the Company.

ACKNOWLEDGEMENTS

Your Directors convey their sincere thanks to the Bankers various departments inCentral and State Governments and all others associated with the Company for theirco-operation continued support and confidence reposed by them in the Company.

For and on behalf of the Board
(Sanjay Singal)
Chairman
DIN:00006579
Place: New Delhi
Date: 13/08/2018

ANNEXURE 3

NOMINATION AND REMUNERATION POLICY

(FOR THE DIRECTORS KEY MANAGERIAL PERSONNEL AND OTHER EMPLOYEES)

1. Regulatory Requirement

Pursuant Section 178 and other applicable provisions of Companies Act 2013 (Act) andrules made thereunder and SEBI (LODR) Regulations 2015 the Nomination and RemunerationCommittee ("Committee") shall formulate the criteria for determiningqualifications positive attributes and independence of a director and recommend to theBoard a policy relating to the remuneration for the directors key managerial personneland other employees.

The Policy has been framed by the Nomination and Remuneration Committee of the Board ofDirectors and based on its recommendation approved by the Board of Directors of theCompany. The policy may be reviewed by the Nomination and Remuneration Committee of theBoard of Directors.

2. Purpose

Remuneration Policy ("Policy") provides a framework for remuneration to bepaid to the members of the Board of Directors ("Board") and Key ManagerialPersonnel ("KMP") of the Company (collectively referred to as"Executives"). The expression KMP shall have the same meaning as defined underthe provisions of Act. The Policy also provides a framework for identification of personswho are qualified to become directors.

3. Objectives

3.1 The remuneration policy seeks to enable the company to provide a well-balanced andperformance-related compensation package taking into account shareholder interestsindustry practices and relevant Indian corporate regulations.

3.2 The remuneration policy will ensure that the interests of Executives are alignedwith the business strategy and risk tolerance objectives values and long-term interestsof the company and will be consistent with the "pay-for-performance" principle.

3.3 The remuneration policy will ensure that remuneration to Executives involves abalance between fixed pay and incentive (by way of increment/bonus/ promotion/any otherform) reflecting short and long-term performance objectives appropriate to the working ofthe company and its goals.

4. Principles of Remuneration and Criteria for determining Remuneration

4.1 The level and composition of remuneration is reasonable and sufficient to attractretain and motivate directors and KMP of the quality required to run the companysuccessfully;

4.2 Relationship of remuneration to performance is clear and meets appropriateperformance benchmarks; and

4.3 Remuneration to directors key managerial personnel and senior management involvesa balance between short and long term performance objectives appropriate to the working ofthe company and its goals

The criteria for determining the remuneration shall be broadly guided by: 4.4 Skills4.5 Requisite qualification commensurate with the Job profile 4.6 characteristics and

4.7 experience in business government academics technology human resources socialresponsibilities finance law etc. and in such other areas as may be considered relevantor desirable to conduct the Company's business in a holistic manner and as may be decidedby Committee.

4.8 Director should possess high level of personal and professional ethics integrityand values. They should be able to balance the legitimate interest and concerns of all theCompany's stakeholders in arriving at decisions rather than advancing the interests of aparticular constituency.

4.9 Directors must be willing to devote time and energy in carrying out their dutiesand responsibilities effectively. They must have the aptitude to critically evaluatemanagement working.

4.10 In case of other employees other than director KMP the criteria will be decidedby the HR department.

5. Remuneration to Executives

5.1 Executives may be paid remuneration by way of fixed salary and allowances as perCompany rules subject to the provisions of Companies Act 2013

5.2 Personal benefits Executives may have access to benefits/perquisites as per therules and regulations of the Company. Executives may also be entitled to retirementbenefits such as provident fund gratuity and/or such other benefits as per the rules ofthe Company.

5.3 The Remuneration of other employees other than Executives will be decided by the HRdepartment of the Company in accordance with the skill qualification and etc.

6. Remuneration to non-executive Directors

6.1 Non - Executive Directors may be paid remuneration by way of sitting fee andreimbursement of expenses for participation in the Board and other meetings and commissionand/or such other payments as may be permitted by the law applicable to such payments.Such payments shall be subject to the provisions of Companies Act 2013.

7. Amendments to this Policy

The Nomination and Remuneration Committee is entitled to amend this policy includingany amendment or discontinuation of one or more incentive programs introduced inaccordance with this Policy.

(Sanjay Singal)
Chairman
DIN 00006579
Place: New Delhi
Date: 13/08/2018

ANNEXURE - 4

INFORMATION AS PER SECTION 134(3) (M) OF COMPANIES ACT 2013 AND FORMING PART OF THEDIRECTORS' REPORT FOR THE YEAR ENDED 31ST MARCH 2018

CONSERVATION OF ENERGY:

1 Steps taken or impact on conservation of energy All business units are continuously putting in their efforts to improve energy usage efficiencies and increase contributions from renewable sources of energy. Energy saving initiatives throughout the plants helped the Company in reducing energy cost.
2 Steps taken by the company for utilizing alternate sources of energy Use of natural light by placing transparent roof and side glass windows in day time for panel manufacturing unit to reach green building concepts
3 Capital investment on energy conservation equipments Nil

TECHNOLOGY ABSORPTION ADAPTATION & INNOVATION:

1. Efforts in brief made towards technology absorption adaptation and innovation. In the past five years no new technology has been adopted
2. Benefits derived as a result of above efforts e.g. product improvement cost reduction product development import substitution etc. Not Applicable
3. In case of import technology (imported during the last 5 years reckoned from the beginning of the financial year) following information may be furnished.
a. Technology Imported Not Applicable
b. Year of Import Not Applicable
c. Has Technology been fully absorbed. Not Applicable
d. If not fully absorbed areas where this has not taken place reason there of and future plan of action. Not Applicable

 

FOREIGN EXCHANGE EARNINGS AND OUTGO:
1 The Foreign Exchange earned in terms of actual inflows during the year and the Foreign Exchange outgo during the year in terms of actual outflows. Presently Company is not exporting its products in international market.
Used : NIL
Earned : NIL

ANNEXURE – 5

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 arm'slength transactions under third proviso thereto

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

Name(s) of the related party and nature of relationship Nature of contracts/ arrange- ments/ transac- tions Duration of contracts / arrange- ments/ transac- tions Salient terms of the contracts or arrangements or transactions including the value if any Justification for entering into such contracts or arrangements or transactions Date(s) of approval by the Board Amount paidas advances resolution was if any Date on which the special passed in general meeting as required under first proviso to section 188
a b c d e f g h
Not Applicable

2. Details of material contracts or arrangements or transactions at arm's lengthbasis

Sr. No. Particulars Detail
(a) Name(s) of the related party and nature of relationship Bhushan Power & Steel Limited Common Director holding more than 2% of paid up capital
(b) Nature of contracts / arrangements / transactions Sale/Purchase/Arrangements running contract normally for one year
(c) Duration of the contracts/arrangements/transactions
(d) Salient terms of the contracts or arrangements or transactions including the value if any At market price as applicable to non related customers. Rs. 275 crore
(e) Date(s) of approval by the Board if any 30.05.2016
(f) Amount paid as advances if any Nil

ANNEXURE – 6

DETAILS PURSUANT TO THE PROVISIONS OF SECTION 197(12) OF THE COMPANIES ACT 2013 READWITH RULE 5(1) OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL)RULES 2014

Relevant clause u/r 5(1) Prescribed Requirement Particulars
(i) The ratio of the remuneration of each director to the median remuneration of the employees of the company for the financial year Ratio of the remuneration of Shri Hardev Chand Verma Whole Time Director to the median remuneration of the employees – 27.15:1
(ii) The percentage increase in remuneration of each Director Chief Financial Officer Chief Executive Officer Company Secretary or Manager if any in the financial year Company Secretary- 9.67%
Whole Time Director - 100.00%
(iii) The percentage increase in the median remuneration of employees in the financial year Nil
(iv) The number of permanent employees on the rolls of Company 230
(v) Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration Average increase in remuneration of Managerial Personnel (except WTD)– nil
– Average increase in remuneration of employees other than the Managerial Personnel – nil
(vi) Affirmation that the remuneration is as per the remuneration policy of the company The remuneration is as per the Nomination and Remuneration Policy for the Directors Key Managerial Personnel and Other Employees of the Company formulated pursuant to the provisions of section 178 of the Companies Act 2013.

ANNEXURE-7 Pursuant to Rule 5(2) of Companies

(Appointment and Remuneration of Managerial Personnel) Rules 2014 Detail of top tenemployees in terms of Remuneration drawn

Name Salary Per month In Rs. Designation Nature of employment whether contractual or otherwise qualification and experience of the employee date of commen- cement of employme nt the age of such employe e the last employmen t held by such employee before joining the company Bhushan the percentage of equity shares held by the employee in the company within the meaning of clause (iii) of sub-rule (2) above and Whether any such employee is a relative of any director or manager of the company and if so name of such director or manager.
Mr. H.C. Verma 250000 Director Contractual Graduation 30.05.2014 65 Power & Steel Ltd NIL N.A.
Mr. Jyoti Shankar Sahay 160000 E.D. Contractual B.Sc. (Mechanical) 05.09.2011 65 Bhushan Power & Steel Ltd NIL N.A.
Mr. Naresh Kumar 68300 A.G.M. Contractual Diploma (Mechanical) 15.07.2008 40 Bhushan Power & Steel Ltd NIL N.A.
Mr. Shrawan Kumar Kumbhkar 65000 Manager Contractual Diploma (Electrical) 05.06.2014 37 Bhushan Power & Steel Ltd NIL N.A.
Mr. Anil Kumar Sharma 52650 A.G.M. Contractual M.Sc. (Chemistry) 29.09.2011 51 Bhushan Power & Steel Ltd NIL N.A.
Mr. Ajoy Shah 42350 CFO Contractual C.A. 06.04.2012 35 Vidya & Co. (Kolkata) NIL N.A.
Mr. Dineswar Singh 44165 Dy. Manager Contractual Diploma (Electrical) 10.04.2012 41 Raipur Power & Steel Ltd (Durg) NIL N.A.
Mr. Surendra Ku.Verma 44020 Sr. Manager Contractual B.Sc. (PCB) 01.12.2014 45 Bhushan Power & Steel Ltd NIL N.A.
Mr Mohit Ghai 40700 Dy.Manager Contractual B.Tech (Mechanical) 28.07.2012 32 ISGEC (Noida) NIL N.A
Mr. Ashutosh Diwakriti 40000 Asst. Manager Contractual Diploma (Mechanical) 26.06.2007 37 NIL N.A.

 

(Sanjay Singal)
Place: New Delhi Chairman
Date: 13/08/2018 DIN: 00006579