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SC Agrotech Ltd.

BSE: 526081 Sector: Others
NSE: N.A. ISIN Code: INE895E01017
BSE 00:00 | 10 Jul 1.29 0
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1.29

HIGH

1.29

LOW

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NSE 05:30 | 01 Jan SC Agrotech Ltd
OPEN 1.29
PREVIOUS CLOSE 1.29
VOLUME 3
52-Week high 4.20
52-Week low 1.28
P/E 16.13
Mkt Cap.(Rs cr) 1
Buy Price 1.29
Buy Qty 2230.00
Sell Price 1.29
Sell Qty 197.00
OPEN 1.29
CLOSE 1.29
VOLUME 3
52-Week high 4.20
52-Week low 1.28
P/E 16.13
Mkt Cap.(Rs cr) 1
Buy Price 1.29
Buy Qty 2230.00
Sell Price 1.29
Sell Qty 197.00

SC Agrotech Ltd. (SCAGROTECH) - Director Report

Company director report

TO

THE MEMBERS

SC AGROTECH LIMITED

(Formerly known as Sheel international Ltd)

Your Directors have Pleasure in Presenting the 29th Annual Report togetherwith audited statement of accounts for the year ended 31st March 2019.

Financial Performance:- (Amount inRs.)

Particulars

As on 31.03.2019

As on 31.03.2018

Income
Revenue from operations (gross)

-

7229250

Other Income

7201357

7200000

Total Revenue

7201357

14429250

Expenses
Purchase

-

7943780

Employee benefits expense

2400066

3881769

Finance Cost

3803

3979

Depreciation and amortization expenses

141068

141068

Other expenses

4260514

2012377

Total Expenses

6805451

13982973

Profit (loss) before exceptional and extraordinary items and tax

395906

446277

Less: Exceptional Items & Current Tax
1 Prior Period Tax Credit 0
2. Current year tax Exp 75440 85040
Less:-MAT credit entitlement (75440) (85040)
EARLIER YEARS 20510
DEFFERED TAX

(124842)

65855

Profit/ (loss) after Tax and exceptional Items

500238

380422

OPERATIONS AND FUTURE PLANS:

The operations for the year under review show Profit before tax of Rs. 395906 andProfit after tax and tax credit of Rs 500238

DIVIDEND :

In view of the past track of the financial position of the company not to earn muchmore profits and its occurred loss since last several year company is not in the positionis to distribute Dividend to its shareholders.

Share Capital:

There is no change in the Authorised Share Capital and paid up Share Capital of theCompany during the previous year.

DIRECTORS AND KMP:

Name of Director

Designation

Category

Sh. Nitin Maheshwari

Executive Director

Whole Time Director

Sh. Shashi Ranjan Kumar

Director

Independent Director

Sh Anil kumar

Director

Independent director

Smt. Nayadita Sharma

Woman director

Independent/Woman Director

Sh. Ajay Rawat

Company Secretary

Company Secretary

Sh. Amit Sehgal

Chief Financial officer

Chief financial officer

In pursuant to Section 152 of the Companies Act 2013 Smt. Nayadita Sharma retiresby rotation at the ensuing Annual General meeting and being eligible offer herself forre-appointment .The Board recommended their re-appointment.

Mr. Amit seghal has been appointed as Chief financial officer of the company w.e.f24.04.2019

Mr. Ajay Rawat the company secretary and compliance officer of the has been resignedfrom the employment w.e.f 1st August 2019.

DIRECTORS' RESPONSIBILITYSTATEMENT:

The Directors responsibility statement pursuant to section 134 (5) of the CompaniesAct 2013 is annexed there to

Directors have pleasure to State:

i) That in the preparation of the annual accounts for the financial year ended 31stMarch 2019 the applicable accounting standards has been followed along with properexplanations if any relating to materialdepartures.

ii) 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 at the end of thefinancial year and the Profit/ Loss of the Company for the year underreview.

iii) 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 andotherirregularities.

iv) That the Directors have prepared the annual accounts ongoing concernbasis.

v) That the Directors have laid down the Internal Financial control to be followed bythe Company and that such internal Financial Controls are adequate and wereoperatingeffectively.

vi) That the Director have devised proper system to ensure compliance with theprovision of all applicable law that such system was adequate and operatingeffectively.

SECRETARIAL AUDIT REPORT

Pursuant to the provisions of section 204 of the Companies Act 2013 and the Companies(Appointment and remuneration of managerial persons ) rules 2014 the Company hasappointed Mr. Dillip Chandra Maharathi ( CP No. 13496) M/s D. Maharathi & Associatescompany Secretaries to undertake the Secretarial Audit of the Company for the financialperiod 2018-19.

The Secretarial Audit report for the financial period ended 31st march 2019is attached as Annexure- A of this Board's report. The Secretarial Audit report does notcontain any qualification reservation or adverse remark.

CORPORATE SOCIAL RESPONSIBILITY:

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

RISK MANAGEMENT POLICY:

The Company has in place a dynamic Risk management framework for a systematic approachto con trol risks as the framework identifies evaluates business risks and opportunitiesand seeks to create transparency and minimize adverse impact on the busine ss The riskmanagement process is appropriately handled by functional heads. As on Date The Companyenvisage risks which could threaten the existence of the company.

FIXED DEPOSITS:

During the year under review neither any fixed deposit has been invited nor any fixeddeposit have been renewed by the Company under the provisions of section 73 of theCompanies Act 2013 read with Companies (Acceptance of Deposits) Rules 1975 from thepublic.

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING AND OUT GO.

Statement pursuant of Section 134 (3) (m) of the Company Act 2013 are annexed heretoand forming part of the report.

CORPORATE GOVERNANCE AND COMPLIANCE CERTIFICATE:

The Company has taken adequate steps to adhere to all the stipulations laid down underSecurities and Exchange Board of India (Listing Obligations and Disclosure Requirements)Regulations 2015. A report on Corporate Governance included as a part of this AnnualReport is given in Annexure-B

LISTING AT STOCK EXCHANGE:

The Equity Shares of the Company are listed on Bombay Stock Exchanges Limited (BSE).

STATUTORY AUDITORS:

The Auditor's Report does not contain any qualifications reservations or adverseremarks.

EXTRACT OF ANNUAL RETURN:

As prescribed under Section 92(3) of the Act the Extract of the Annual return in Formno. MGT-9 is annexed herewith as Annexure-D to this report.

ACKNOWLEDGEMENT:

The Board expresses its gratitude to the Government Authorities Financial Institutionsand Bankers for their continued and valuable support and co-operation extended to theCompany. The Board also gratefully acknowledged the support extended by the suppliersInvestors dealers Shareholders of Company. The Board also wish to place on records theirsincere appreciation of the wholehearted co-operation extended and the valuablecontribution made by the employees of all levels. Your directors sincerely thank allmembers for supporting us during the difficult days. We look forward to your continuedsupport and reiterate that we are determined to ensure that the plans are successfullyimplemented.

FOR AND ON BEHALF OF THE BOARD

For SC AGROTECH LIMITED

(Formerly Known as Sheel International Limited)

Date: 01.08.2019
Place: NewDelhi

sd/-

Nitin Maheshwari

Executive/Whole Time Director