You are here » Home » Companies » Company Overview » Sindhu Trade Links Ltd

Sindhu Trade Links Ltd.

BSE: 532029 Sector: Others
NSE: N.A. ISIN Code: INE325D01017
BSE 00:00 | 24 Sep 279.90 13.30
(4.99%)
OPEN

279.90

HIGH

279.90

LOW

279.90

NSE 05:30 | 01 Jan Sindhu Trade Links Ltd
OPEN 279.90
PREVIOUS CLOSE 266.60
VOLUME 33
52-Week high 279.90
52-Week low 44.15
P/E 28.56
Mkt Cap.(Rs cr) 1,439
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 279.90
CLOSE 266.60
VOLUME 33
52-Week high 279.90
52-Week low 44.15
P/E 28.56
Mkt Cap.(Rs cr) 1,439
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Sindhu Trade Links Ltd. (SINDHUTRADE) - Director Report

Company director report

STATUS OF SUBSIDIARY COMPANIES JOINT VENTURES AND ASSOCIATE

The subsidiaries in which the shareholding of the Company is presently more than halfof the nominal capital of the Company as per section 2(87) of the Companies Act 2013 are:

• Hari Bhoomi Communications Private Limited is a Private Limited Companyincorporated on 08.05.2007 by Registrar of Companies National Capital Territory of Delhiand Haryana. The company is engaged in Publication of daily newspaper of Hindi in theState of Chhattisgarh Madhya Pradesh Delhi and Haryana Bhopal under the name "HariBhoomi" and a TV channel namely "JANTA TV".

Specialised Areas:

This newspaper contains news of current events informative articles diverse featuresand advertising. It has contributed immensely in the field of media through itseye-opening articles and independent views. "Hari Bhoomi" was started initiallyas a Weekly in 1996 but later on in 1998 it became a Daily .It was the first Daily to bepublished from Rohtak (Haryana). "Hari Bhoomi" launched its first edition inChhattisgarh in 2001 from Bilaspur and added Raipur in 2002. Hari Bhoomi started itsJabalpur Edition in 2008. Very recently Hari Bhoomi started its edition from Raigarh(Chhattisgarh) and Bhopal.

Hari Bhoomi is a member of Indian Newspaper Society Audit Bureau of Circulations (Twoesteemed organizations of Newspapers/Magazines/Advertising Agencies/Advertisers) and alsomember of MRUC (Media Research Users Council) an organization conducting IndianReadership Survey % of Holding by the Company:

The present authorised share capital of the company is Rs. 31000000/- divided into3100000 equity shares of Rs. 10/- each. The present paid- up share capital of thecompany is Rs. 30357000/- divided into 3035700 equity shares of Rs. 10/- each. STLLis holding 84.68% of the nominal capital of HBCPL.

• Indus Automotives Private Limited: A Private Limited Company incorporated onJuly 05 2010 by Registrar of Companies National Capital Territory of Delhi and Haryana.The company acts from manufacturers to retailers storers and wharehousers importersexporters repairers hirers in all types of automotive vehicles usable on land sea orair and to do all the allied activities relating thereto.

Specialised Areas:

The Company is engaged in the business of trading of genuine automobiles spare partsheavy earthmoving equipment parts lubricants tyres tubes and flaps. The Company holdsauthorised dealership of Asia Motor Works Ltd (AMW Ltd) for commercial vehicles for Tyrestube and flaps of Birla Tyre Ceat Ltd. MRF Limited J.K Tyre & Industries Ltd.Apollo Tyres Ltd. for dealership for Lubricant of Valvoline Cummins Pvt. Ltd. Total OilIndia Pvt Ltd. dealership for genuine automobiles spare parts of Ashoka Leyland TataMotors Mahindra Mico TVS Bosch Telco and Turbo and dealership for spare parts ofheavy earthmoving parts with machinery parts of Liebherr India Ltd Tata HitachiHindustan Motors. The Company also has LMV workshop located at Dipka korba C.G. forrepairs & maintenance of Light motor vehicles.

Present Financial Structure and % of holding of STLL:

The present authorised share capital of the company is Rs. 5500000/- divided into550000 equity shares of Rs. 10/- each. The present paid- up share capital of the companyis Rs. 5250000/- divided into 525000 equity shares of Rs. 10/- each. STLL is holding98.10% of the nominal share capital of In APL.

• Sudha Bio Power Private Limited A Private Limited Company incorporated on 21stJuly 2011 by Registrar of Companies Hyderabad. The Company is engaged in the business ofgenerating harnessing developing accumulating distributing and supplying ofelectricity by setting up Bio mass power plants by use of liquid gaseous or solid fuelsfor the purpose of light heat motive power and for all other purposes for which electricenergy can be employed. However due to all operational and management activities werecarried out from New Delhi and keeping in view the administrative convenience costeffectiveness growth potential and opportunities existing the Company shifted itsregistered office from Andhra Pradesh to New Delhi on 25.02.2016.

Specialised Areas:

It is presently engaged into the business of generating distributing and supplying ofelectricity through its Bio Mass Power Plant by use of liquid gaseous or solid fuels andto generate Power supply either by hydro solar thermal gas diesel oil or throughRenewable Energy Sources such as solar photo voltaic and wind mill and or any othermeans and to Transmit distribute supply and sell such power either directly or throughTransmission lines and facilities of central/State Governments or private Companies orElectricity Boards to industries and to Central/ State Governments to be proved otherconsumers or electricity including for captive consumption for any other industrialprojects promoted by this company or promoter Companies and generally to developgenerate accumulate power at any other place or places and to transmit distribute selland such supply such power and to acquire coal mines in India and/or abroad and to acquireconcessions or licenses granted by or to enter into contracts with the Government of Indiaor any other government authority for the construction operation and maintenance of anyelectric installation for the production transmission or use electric power of lightingheating signalling and other allied activities thereto.

Present Financial Structure and % of holding of STLL During the year under review thepresent authorized share capital of the company is Rs. 360000000/- divided into36000000 equity shares of Rs. 10/- each. The present paid- up share capital of thecompany is Rs. 90100000/- divided into 9010000 equity shares of Rs. 10/- each. STLL isholding 100% of the nominal share capital of In SBPPL.

• Param Mitra Resources Pte. Ltd. ("PMR" or "Company" or"Param Mitra") is a leading Coal and Power player in Indonesia promoted by theSindhu Family a leading coal-mining coal logistics coal beneficiation power generationand power distribution in India with over 30 years of experience in the coal and energysector under the flagship of Sainik-Aryan Group (SAG).

Specialised Area:

PMR has proven expertise in conducting exploration mining & logistics operationsin India and abroad and the same allows the company to understand and manage theoperations of mines in the most cost effective manner. The company has its presence overmany counties. Some of them are described below:

Australia: Param Mitra has recently entered into a mine management agreement with anoperating mine in Western Australia for producing 3 mn tons per annum.

Indonesia: Param Mitra is presently operating four mines giving it access to over1.5 bn tonnes of reserves in East Kalimantan.

Marketing Strategy : Param Mitra has a multi dimensional marketing and end use strategyfor coal which will be produced by several mines in Indonesia. Param Mitra is currentlysupplying and exploring more opportunities of supply in South and East Asia. Strategicallylooking at a combination of

• Long term relationships with commodity players and off-take agreements

• Domestic Market strategy

• Power sector in Indonesia

Present Financial Structure and % of holding of STLL

During the year under review the present paid up share capital of the company is71198425 Equity Shares of USD $ 1 each. STLL is holding 96.16% of the nominal sharecapital In PMR Pte. Ltd.

The below mentioned list of Companies are subsidiaries of Hari Bhoomi & PMR Pte.Ltd. which itself are subsidiaries of STLL:

Subsidiary of Hari Bhoomi:

Legend Travels Private Limited A Private Limited Company incorporated on 21stOctober 1997 by Registrar of Companies National Capital Territory of Delhi and Haryana.The company was incorporated with a view to carry on the business of Media &Entertainment including running of T.V. Channel IPTV Radio Channel & Publishing ofNews Paper.

Specialised Areas:

Currently it is engaged in the support services to Media Companies.

Present Financial Structure and % of holding of Hari Bhoomi:

During the year under review the present authorized share capital of the company isRs. 100000000/- divided into 10000000 equity shares of Rs. 10/- each. The presentpaid- up share capital of the company is Rs. 96797790/- divided into 9679779 equityshares of Rs. 10/- each. Hari Bhoomi is holding 100% of the nominal share capital in LTPL

SUBSIDIARIES OF PARAM MITRA RESOURCES PTE. LTD. (OVERSEAS SUBSIDIARIES)

The overseas subsidiaries are presently engaged in coal mining and allied activitiesthereto. The details of the Companies are mentioned below:

Param Mitra Coal Resources Pte Limited (PMCR Pte Ltd.) Oceania Resources Pty Limited (OR Pty Ltd.) Param Mitra Power Pte Ltd. Sukarma Coal Resources Pte Ltd (SCR Pte Ltd)
The paid up share capital of the Company is USD 3.00. 00.000 divided into 3.00. 00.000 equity shares of USD 1/- each. PMR Pte Ltd (Subsidiary of STLL) is holding 60% of the share capital of PMCR Pte Ltd. The paid up share capital of the Company is 100000 USD divided into 100000 equity shares of USD 1/- each. PMR Pte Ltd (Subsidiary of STLL) is holding 65% of the share capital of OR Pty Ltd. The paid up share capital of the Company is 10000 USD divided into 10000 equity shares of USD 1/- each. PMR Pte Ltd (Subsidiary of STLL) is holding 70% of the share capital of PMP Pte Ltd. The paid up share capital of the Company is 1600000 USD divided into 1600000 equity shares of USD 1/- each. PMR Pte Ltd (Subsidiary of STLL) is holding 100% of the share capital of SCR Pte Ltd.
Param Mitra Coal Resources Pte. Two Limited (PMCR Pte. Two Ltd.) Param Mitra Coal Resources Pte. One Limited (PMCR Pte. One Ltd.) Unity Holding Business Singapore Pte. Ltd (UHBS Pte. Ltd.) Dragon Power Investment Limited (DPIL)
The paid up share capital of the company is USD 55.30.000 divided into 55.30.000 equity shares of USD 1/- each. The paid up share capital of the company is USD 1.48.75.000 divided into 1.48.75.000 equity shares of USD 1/- each. The paid up share capital of the Company is USD 15.00. 000 divided into 15.00. 000 equity shares of USD 1/- each. The Paid up Share Capital of the Company is USD 1 divided into 1 Equity Share of USD 1/- each. Param Mitra Coal Resources
Param Mitra Coal Resources Pte Limited (Subsidiary of PMR Pte Ltd) is holding 100% of the nominal share capital of PMCR Pte. Two Ltd. Param Mitra Coal Resources Pte Limited (Subsidiary of PMR Pte Ltd) is holding 100% of the nominal share capital of PMCR Pte. One Ltd. Param Mitra Coal Resources Pte Limited (Subsidiary of PMR Pte Ltd) is holding 100% of the share capital of UHS Pte. Ltd. Pte Limited (Subsidiary of PMR Pte Ltd) is holding 100% of the share capital of DPIL.
Pt Rencana Mulia Baratama (Pt. RMB) Pt. Param Mitra Coal Movers (Pt. PMCM) (Earlier Pt. Mesra Prima Coal (Pt. MPC) Pt. Param Mitra Coal Resources (Pt. PMCR)
The paid up share capital of the company is IDR 5000000000 divided into 50000 equity shares of IDR 100000/- each. The paid up share capital of the company is IDR 50000000000 divided into 400000 equity shares of 125000 IDR each. The paid up share capital of the company is IDR 8932000000 divided into 1000000 equity shares of 8932 IDR each.
PMCR Pte. Two Ltd.(Subsidiary of PMCR Pte Ltd.) is holding 93.80 % of the share capital of Pt. RMB. PMCR Pte One Limited (Subsidiary of PMCR Pte Limited) is holding 99% of the share capital of Pt. PMCM. UHBS Pte. Ltd. (Subsidiary of PMCR Pte Ltd) is holding 99% of the share capital of Pt. PMCR.
Pt Rencana Mulia Baratama (Pt. RMB) Pt. Param Mitra Coal Movers(Pt. PMCM) (Earlier Pt. Mesra Prima Coal (Pt. MPC) Pt. Param Mitra Coal Resources (Pt. PMCR)
The paid up share capital of the company is IDR 5000000000 divided into 50000 equity shares of IDR 100000/- each. The paid up share capital of the company is IDR 50000000000 divided into 400000 equity shares of 125000 IDR each. The paid up share capital of the company is IDR 8932000000 divided into 1000000 equity shares of 8932 IDR each.
PMCR Pte. Two Ltd.(Subsidiary of PMCR Pte Ltd.) is holding 93.80 % of the share capital of Pt. RMB. PMCR Pte One Limited (Subsidiary of PMCR Pte Limited) is holding 99% of the share capital of Pt. PMCM. UHBS Pte. Ltd. (Subsidiary of PMCR Pte Ltd) is holding 99% of the share capital of Pt. PMCR.

 

Pt. Krida Makmur Bersama (Pt. KMB) Pt. Brillian Alam Sejahtera(Pt. BAS)
The paid up share capital of the Company is IDR 10000000000 divided into 10000 equity shares of 1000000 IDR each. The paid up share capital of the Company is IDR 1000.00. 00.000 divided into 10000 equity shares of IDR 10.00. 000 each.
Pt. PMCM (Subsidiary of PMCR Pte. One Ltd.) is holding 99.99% of the share capital of Pt. KMB. Pt. PMCM (Subsidiary of PMCR Pte. One Ltd.) is holding 99.99% of the share capital of Pt. BAS

 

PT Global Bumi Lumbung Indonesia (Pt. GBLI) PT Jaya Jasamandiri (Pt. JJ) PT Indo Bara Pratama (Pt. IBP)
The paid up share capital of the company is IDR 134600000000 divided into 134600 equity shares of IDR 1000000/- each. The paid up share capital of the company is IDR 131410000000 divided into 131410 equity shares of 1000000 IDR each. The paid up share capital of the company is IDR 1000000000 divided into 1000 equity shares of 1000000 IDR each.
DPIL (Subsidiary of PMCR Pte Ltd.) is holding 99.95 % of the share capital of Pt. GBLI. DPIL (Subsidiary of PMCR Pte Limited) is holding 99.92% of the share capital of Pt. jj. DPIL (Subsidiary of PMCR Pte Ltd) is holding 99.90% of the share capital of Pt. IBP.

CORPORATE SOCIAL RESPONSIBILITY

The Company has planned to undertake the various projects in accordance with theSchedule VII of the Companies Act 2013. The details of the proposed CSR activities to beundertaken by the company and the disclosures as per section 135 of the Companies Act readwith Companies (Corporate Social Responsibility ) Rules2014 is disclosed separately asAnnexure -A.

NUMBER OF MEETINGS OF BOARD

During the year 2019-20 the Board of Directors met in each quarter and the proceedingsof the meeting are as per the provisions of the Companies Act 2013 alongwith all otherapplicable provisions. The details of the meeting of the Board of Directors have been setout separately in Corporate Governance Report.

DECLARATION BY INDEPENDENT DIRECTORS

The Company has received necessary declaration from each Independent Director undersection 149(7) of Companies Act 2013 that he/she meets the criteria of independence laiddown in section 149(6) of Companies act 2013 and as per the prescribed regulation of SEBI(Listing Obligations and Disclosure Requirements) regulations 2015.

DIVIDEND

Your Directors recommend no amount of dividend for the financial year 2019-20.

DETAILS OF DIRECTORS KEY MANAGERIAL PERSONNEL

• Re-appointment of Director : Pursuant to the provisions of the Section 152 andother applicable provisions if any of the Companies Act 2013 Sh. Rudra Sen Sindhu(DIN: 00006999) Director of the Company retire by rotation and being eligible haveoffered themselves for re-appointment. Your director recommends his re-appointment.

PUBLIC DEPOSITS

The Company has not invited/ accepted any deposits from the public during the yearended March 31 2020. There were no unclaimed or unpaid deposits as on March 31 2020.

AUDITOR'S REPORT

Auditors' Report on the financial statements for the year ended on March 31 2020together with notes thereon is attached separately in this annual report. A perusal of thestatement reflects that it certifies true and fair view of state of affairs of theCompany. Further the report also contains the prescribed annexure (known as CARO). In thesaid annexure Auditors are required to give their observations on prescribed items. Inthe said Annexure Auditors while quoting the observations in respect of all the itemshave not made any qualification in respect any item.

The observations made in the Auditors' Report are self-explanatory and therefore do notcall for any further comments.

AUDITOR

Statutory Auditor :

M/s Divyank Khullar & Associates Chartered Accountants (FRN No. 025755N) has beenappointed as the Statutory Auditor of the Company to hold office till the thirtieth AnnualGeneral Meeting of the Company.

Secretarial Auditor :

Pursuant to the provisions of Section 204 of the Companies Act 2013 and the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 Secretarial Audit hasbeen carried out by SVR & Co. Practicing Company Secretary.

The Secretarial audit report does not contain any qualification reservation andadverse remarks and the report is attached as "Annexure B".

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNINGS AND OUTGO

The details of conservation of energy technology absorption & foreign exchangeearnings and outgo are as follows:

(A)Conservation of energy:

Your Company carries out its operations in an environmental friendly manner and is onthe look-out for different ways & means to reduce the consumption of energy in itsoperations. Fuel & electricity consumption in different stages were monitoredregularly and suitable corrective actions were taken wherever possible.

(B) Technology Absorption:

The Company continues to use the latest technologies for improving the productivity andquality of its services and products. The Company's operations do not require significantimport of technology.

(C) Foreign exchange earnings and Outgo:

During the financial year the Foreign Exchange outflow is Rs. 421794075/- and therewas no inflow of foreign exchange.

PARTICULARS OF EMPLOYEE

Information as required under the provisions of Rules 5(2) & 5(3) of the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 is set out in AnnexureC to the Directors' Report.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to the requirement under section 134(3)(C) of the Companies Act 2013 withrespect to Directors' Responsibility Statement it is hereby confirmed that:

• in the preparation of the annual accounts for the financial year ended 31stMarch 2020 the applicable accounting standards had been followed along with properexplanation relating to material departures;

• the directors had 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 March 31 2020 andof the profit and loss of the company for that period.

• the directors had 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;

• the directors had prepared the annual accounts on a going concern basis;

• the directors have laid down internal financial controls to be followed by theCompany and such internal financial controls are adequate and were operating effectively;and

• the directors had devised proper systems to ensure compliance with theprovisions of all applicable laws and that such systems were adequate and operatingeffectively

RISK MANAGEMENT COMMITTEE: OVERVIEW

In terms of SEBI (LODR) Regulation 2015 the Company has constituted a Risk ManagementCommittee on 13 November 2014 for framing implementing and monitoring the riskmanagement policy of the Company.

The Committee has adopted a Charter that outlines the role responsibilities and powerof the Committee and the procedure for organizing the meeting of the Committee. FurtherRisk Management Plans and Policies of the Company stimulates the development review andrevision of the organization's practices and protocols in light of identified risks andchosen loss prevention and reduction strategies. Principles of the Plan provide thefoundation for developing key policies and procedures for day-to-day risk managementactivities.

VIGIL MECHANISM/ WHISTLE BLOWER POLICY

In accordance with the section 177(9) of the Act read with Regulation 22 of the SEBI(Listing Obligations and Disclosure Requirements) Regulation 2015 Company has formulateda Vigil Mechanism / Whistle Blower Policy for its Directors and employees to reportconcerns about unethical behaviour actual or suspected fraud or violation of theCompany's fundamental code of conduct. The details of the same are made available on theCompany's website www.sindhutrade.com.

BOARD EVALUATION

The board of directors has carried out an annual evaluation of its own performanceBoard committees and Individual directors pursuant to the provisions of the Companies Act2013 and the corporate governance requirements as prescribed under SEBI (ListingObligations and Disclosure Requirements) Regulation 2015 which has been set out in theCorporate Governance Report.

COMPANYS' POLICY ON DIRECTORS' APPOINTMENT AND REMUNERATION INCLUDING CRITERIA FORDETERMINING QUALIFICATIONS POSITIVE ATTRIBUTES INDEPENDENCE OF A DIRECTOR AND OTHERMATTERS PROVIDED UNDER SUB-SECTION (3)OF SECTION178

A brief report on the criteria of selection of Executive and Non-executiveDirectors/Chairman CEO Senior Management employees their Remuneration policy includingcriteria for determining qualifications positive attributes independence of director andother matters provided under sub-section (3) of section 178 has been set out separately inCorporate Governance Report.

PARTICULARS OF LOANS GUARANTEE OR INVESTMENTS UNDER SECTION 186

Particulars of loans guarantees given and investments made during the year inaccordance with Section 186 of the Companies Act 2013 is annexed to this report as"Annexure D".

RELATED PARTY TRANSACTION

All related party transactions entered during the year were on arm's length basis andin the ordinary course of business. Prior omnibus approval was taken at the auditcommittee for the transactions which are foreseen and/ or repetitive in nature. The policyon the related party transactions duly approved by the Board is uploaded on company'swebsite and can be accessed at www.sindhutrade.com.

During the year under review all the transactions with the related party Particularsof the contracts or arrangements with related parties referred to in sub-section (1) ofsection 188 read with Rules as applicable is annexed herewith as "Annexure E".

EXTRACT OF ANNUAL RETURN

Pursuant to section 92(3) of the Companies Act 2013 and Rule 12(1) of the Companies(Management and Administration) Rules 2014 extract of annual return in Form MGT-9 isenclosed herewith as Annexure-F.

FAMILARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS

The Company keeps its Directors informed of the activities of the Company itsmanagement and operations and provides an overall industry perspective as well as issuesbeing faced by the industry. The details of various familiarization programmes provided tothe Independent Directors of the Company is available on the Company's websitewww.sindhutrade.com.

INTERNAL CONTROL SYSTEMS AND THIR ADEQUACY

The Company has an Internal Control System which ensures that all transactions areauthorised recorded and reported correctly and assets are safeguarded and protectedagainst loss from unauthorized use or disposition. In addition there are operationalcontrols and fraud risk controls covering the entire spectrum of internal financialcontrols. The Internal Audit is being done by the independent Chartered Accountants whomonitors and evaluates the efficacy and adequacy of internal control system in theCompany its compliance with operating systems accounting procedures and policies at alllocations of the Company and its subsidiaries. All these measures facilitate timelydetection of any irregularities and early remedial steps.

No significant audit observations and recommendations have been received from theInternal Auditors of the Company.

PREVENTION OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE

The company has formulated and adopted a Sexual harassment policy in line with theprovisions of the Sexual Harassment of Women at Workplace (Prevention Prohibition andRedressal) Act 2013 and the Rules there under to redress and prevent all the complaintsof sexual harassment at workplace. An Internal Complaints Committee has been set up toredress complaints received regarding sexual harassment. All female employees (permanentcontractual temporary trainees) as well as any woman visiting the Company's officepremises or women service providers are covered under this policy.

During the year 2019-20 no complaints were received by the Company related to sexualharassment.

INSIDER TRADING REGULATIONS

The Company has adopted a Code of Conduct for Prevention of Insider Trading with a viewto regulate the trading in securities by the Directors and designated employees of theCompany. The purpose of the Code is to prevent the misuse of any price sensitiveinformation through dealing in the shares of the company by directors officers andemployees of the company. Further the company has adopted the trading window closurepolicy to prevent the directors officers and employees of the company from trading inthe securities when there is unpublished price sensitive information.

All Board Directors and the designated employees have confirmed compliance with theCode

CORPORATE GOVERNANCE REPORT

The company firmly believes in the principles of the good Corporate Governance Adetailed report on corporate governance in accordance with the Listing Agreementseparately forms part of this annual report.

MANAGEMENT DISCUSSION AND ANALYSIS STATEMENT

The Management Discussion and Analysis Statement as required under Regulation 34 of theSEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 is disclosedseparately in this annual report.

LISTING OF SHARES

The Equity Shares of the Company is listed on Bombay Stock Exchange. These shares weretraded during the year under review at the Exchange. The Status of Listing of shares atthese Stock Exchanges is given in the Corporate Governance Report.

ACKNOWLEDGEMENTS

Your Directors place on record their deep appreciation to the shareholders businessassociates and financial institutions at all levels for their consistent support andencouragement of the Company. The enthusiasm and beneficent efforts of the employees haveenabled the Company to remain at the leading- edge of the Industry. Your Directors wouldalso like to acknowledge the constructive suggestions from the statutory auditors forensuring the accurate and authentic compliances for the Company.

By Order of the Board of Directors

For Sindhu Trade Links Limited

Place: New Delhi (Satya Pal Sindhu) (Rudra Sen Sindhu)
Dated: 04.12.2020 Managing Director Director
Din no.-00218355 Din No.-00006999

.