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Systematic Industries Ltd.
BSE CODE: 544541   |   NSE CODE: NA   |   ISIN CODE : INE1KLZ01011   |   01-Oct-2025 Hrs IST
BSE NSE
Rs. 196.45
1.45 ( 0.74% )
 
Prev Close ( Rs.)
195.00
Open ( Rs.)
193.80
 
High ( Rs.)
199.00
Low ( Rs.)
186.00
 
Volume
2167200
Week Avg.Volume
NA
 
52 WK High-Low Range(Rs.)
BSE NSE
Rs.
( )
 
Prev Close ( Rs.)
Open ( Rs.)
 
High ( Rs.)
Low ( Rs.)
 
Volume
Week Avg.Volume
NA
 
52 WK High-Low Range(Rs.)
March 2023

Disclosure in board of directors report explanatory





 



 



 



 DIRECTORS REPORT		     



 




 



 



 



To,



 



 



 



 



 



 




 



 



 



The Members of Systematic Industries Private Limited		    



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



Your Directors hereby present the Twenty Forth Annual Report and Audited Statement of Accounts for the year ended March 31, 2023.		     



 




 



 



 



 



 



 



 



 



 



 




 



1



 



FINANCIAL STATEMENTS AND RESULTS		  



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



The financial performance of the company for the year ended March 31, 2023 is summarised below:		     



 




 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



Particulars		  



31.03.2023



31.03.2022



 



 




 



 



 



Net Sales		  



                 32,190.05



                         23,601.46



 



 




 



 



 



Profit ( Before Depreciation, Interest and Income Tax  )		  



                   1,441.04



                           1,055.01



 



 




 



 



 



Interest		  



                      403.76



                               359.65



 



 




 



 



 



Depreciation		  



                      187.25



                               167.56



 



 




 



 



 



Profit Before Tax		  



                      850.03



                               527.80



 



 




 



 



 



Provision for Tax		  



                      200.00



                               138.90



 



 




 



 



 



Profit after tax		  



                      650.02



                               388.89



 



 




 



 



 



 



 



 



 



 



 



 




 



2



 



PERFORMANCE		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



Your company has earned Rs 850.03 Lac of Profit before Tax		     



 




 



 



 



 



 



 



 



 



 



 




 



3



 



CHANGE IN THE NATURE OF BUSINESS :		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



There was no change in nature of the business of the Company, during the year under review.		     



 




 



 



 



 



 



 



 



 



 



 




 



4



 



DIVIDENDS		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



The directors have not recommended any dividend for the financial year under review.		     



 




 



 



 



 



 



 



 



 



 



 




 



5



 



UNPAID DIVIDEND & IEPF:		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



The Company has not transferred any amount to the Investor Education & Protection Fund (IEPF) and no amount is lying in Unpaid Dividend A/c of the Company. 		    



 



 




 



 



 



 



 



 



 



 



 



 




 



6



 



TRANSFER  TO RESERVES		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



The Company has not transferred any amount to the reserves during the year 2022-23.		     



 




 



 



 



 



 



 



 



 



 



 




 



7



 



REPORT ON PERFORMANCE OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE COMPANIES:		    



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



During the year under review, your Company did not have any subsidiary, associate and joint venture company.		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



8



 



DEPOSITS		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



The Company has not accepted or renewed any amount falling within the purview of provisions of Section 73 of the Companies Act 2013 (“the Act”) read with the Companies (Acceptance of Deposit) Rules, 2014 during the year under review. Hence, the requirement for furnishing of details relating to deposits covered under Chapter V of the Act or the details of deposits which are not in compliance with the Chapter V of the Act is not applicable		     



 




 		         




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



9



 



PARTICULAR OF CONTRACTS OR ARRANGEMENT WITH RELATED PARTIES		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



The details of transactions/contracts/arrangements referred to in Section 188(1) of Companies Act, 2013 entered by the Company with related party(ies) as defined under the provisions of Section 2(76) of the Companies Act, 2013, during the financial year under review, are furnished in Form AOC-2 and is attached as Annexure I and forms part of this Report.		     



 




 



 



 



 



 



 



 



 



 



 




 



10



 



CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



Considering the nature of activities of the Company, provisions relating to disclosure of particulars with regard to technology absorption are not applicable to the Company.		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



Conservation of Energy - The Company has not spent any substantial amount on Conservation of Energy to be disclosed here.		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



Foreign Exchage Earnings and Outgo		  



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



Particulars		  



2022-23



2021-22



 



 




 



 



 



Foreign Exchange Earnings		  



                          1,455.67



                           4,438.19



 



 




 



 



 



Foreign Exchange Outgo		  



                              640.62



                               174.07



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



11



 



ANNUAL RETURN:		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



The Company does not have any website and hence, the Annual Return referred to in Section 92(3) has not been placed on the website.		     



 




 



 



 



 



 



 



 



 



 



 




 



12



 



PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186		     



 




 



 



 



 		     



 




 



 



 



Details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013 are given in the notes to the Financial Statements, if any. 		     



 




 



 



 



 



 



 



 



 



 



 




 



13



 



MATERIAL CHANGES BETWEEN THE DATE OF THE BOARD REPORT AND END OF FINANCIAL YEAR.		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



There have been no material changes and commitments, if any, affecting the financial position of the Company which have occurred between the end of the financial year of the Company to which the financial statements relate and the date of the report.		     



 




 



 



 



 



 



 



 



 



 



 




 



14



 



INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



The Company has proper and adequate system of internal control to ensure that all assets are safeguarded and protected against loss from unauthorized use or disposition and that transaction are authorized, recorded and reported correctly. The Company has effective system in place for achieving efficiency in operations, optimum and effective utilization of resources, monitoring thereof and compliance with applicable laws.		     



 




 



 



 



 



 



 



 



 



 



 




 



15



 



 CHANGES IN DIRECTORS AND KEY MANAGERIAL PERSONNEL :		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 





There is no other change in director during the year. The Company was not required to appoint any Key Managerial Personnel.		     



 




 



 



 



 



 



 



 



 



 



 




 



16



 



NUMBER OF MEETING OF THE BOARD:		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



The Board of Directors met 16 times during the financial year ended 31st March 2023 in accordance with the provisions of the Companies Act, 2013 and rules made thereunder. 		     



 




 



 



 



 



 



 



 



 



 



 




 



17



 



DISCLOSURE ON COMPLIANCE WITH SECRETARIAL STANDARDS:		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



Your Directors confirm that the mandatory Secretarial Standards (SS-1 & SS-2) issued by the Institute of Company Secretaries of India, have been complied with.		     



 




 		         




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



18



 



RISK MANAGEMENT POLICY:		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



During the year the Company reviewed and strengthened its risk management policy and the risk management framework which ensures that the Company is able to carry out identification therein of elements of risk, if any, which in the opinion of the Board may threaten the existence of the Company.		     



 




 



 



 



 



 



 



 



 



 



 




 



19



 



CORPORATE SOCIAL RESPONSIBILITY :		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



The provisions of CSR are applicabel to the company and details disclosure are as per Annexure 2.		     



 




 



 



 



 



 



 



 



 



 



 




 



20



 



STATUTORY AUDITORS		 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



M/s. Hardik Vora And Associates, Chartered Accountants (Firm Registration No. 122756W) are the Statutory Auditors of the Company who are appointed from  30/09/2022 the conclusion of the  Annual General Meeting and till the conclusion of the 28th  Annual General Meeting to be held in the year 2027.



The Auditors’ Report for the financial year ended March 31, 2023 read with the notes to the accounts referred to therein are self-explanatory and therefore, do not call for any further comments. There are no qualifications, reservations or adverse remarks made by the Auditors.		     



 




 



 



 



 



 



 



 



 



 



 




 



21



 



OBSERVATIONS OF STATUTORY AUDITORS ON ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2023: 		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



The observations of Auditors in their report read with notes to the accounts are self-explanatory and therefore, do not call for any further explanation or comments from the Board under Section 134(3) of the Companies Act, 2013. 		     



 




 



 



 



 



 



 



 



 



 



 




 



22



 



COST AUDITORS		 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



Shekhar Joshi & Co is acting as Cost Auditors of the company.		     



 




 



 



 



 



 



 



 



 



 



 




 



23



 



DISCLOSURE ON COST RECORDS MAINTENANANCE 		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



The provisions with respect to maintenance of cost records as specified by the Central Government under sub-section (1) of section 148 of the Companies Act, 2013, is applicable to the Company and complied with.		     



 




 



 



 



 



 



 



 



 



 



 




 



24



 



DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION (12) OF SECTION 143 OTHER THAN THOSE WHICH ARE REPORTABLE TO THE CENTRAL GOVERNMENT		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



There are no frauds reported by auditors under sub-section (12) of section 143 other than those which are reportable to the Central Government.		     



 




 



 



 



 



 



 



 



 



 



 




 



25



 



SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY’S OPERATIONS IN FUTURE		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



During the year under review there has been no such significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and company’s operations in future.		     



 




 



 



 



 



 



 



 



 



 



 




 



26



 



DIRECTORS' RESPONSIBILITY STATEMENT		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



To the best of our knowledge and belief and according to the information and explanations obtained by us, your Directors make the following statements in terms of Section 134(3)(c) of the Companies Act, 2013:		     



 




 		         




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



(i)



in the preparation of the annual accounts for the year ended March 31, 2023, the applicable accounting standards had been followed.		     



 




 



 



 



 



 



 



 



 



 



 




 



 



(ii)



for the financial year ended March 31, 2023, such accounting policies as mentioned in the Notes to the financial statements have been applied consistently and judgments and estimates that are reasonable and prudent have been made so as to give a true and fair view of the state of affairs of the Company and of the Profit and Loss of the Company for the year ended March 31, 2023.		     



 




 



 



 



 



 



 



 



 



 



 




 



 



(iii)



that proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.		     



 




 



 



 



 



 



 



 



 



 



 




 



 



(iv)



the annual financial statements have been prepared on a going concern basis.		     



 




 



 



 



 



 



 



 



 



 



 




 



 



(v)



that proper internal financial controls were followed by the Company and that such internal financial controls are adequate and were operating effectively.		     



 




 



 



 



 



 



 



 



 



 



 




 



 



(vi)



that proper systems to ensure compliance with the provisions of all applicable laws were in place and that such systems were adequate and operating effectively.		     



 




 



 



 



 



 



 



 



 



 



 




 



27



 



SHARE CAPITAL		 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



The company has not increased its authorised share capital and paid up capital during the year.		     



 




 



 



 



 



 



 



 



 



 



 




 



28



 



DISCLOSURE UNDER SECTION 43(a)(ii) OF THE COMPANIES ACT, 2013:		    



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



The Company has not issued any shares with differential rights and hence no information as per provisions of Section 43(a)(ii) of the Act read with Rule 4(4) of the Companies (Share Capital and Debenture) Rules, 2014 is furnished.		     



 




 



 



 



 



 



 



 



 



 



 




 



29



 



DISCLOSURE OF PROCEEDINGS PENDING OR APPLICATION MADE UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



No application was filed for corporate insolvency resolution process, by a financial or operational creditor or by the company itself under the IBC before the NCLT.		     



 




 



 



 



 



 



 



 



 



 



 




 



30



 



DISCLOSURE OF REASON FOR DIFFERENCE BETWEEN VALUATION DONE AT THE TIME OF TAKING LOAN FROM BANK AND AT THE TIME OF ONE TIME SETTLEMENT		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



There was no instance of onetime settlement with any Bank or Financial Institution.		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 		         




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



31



 



DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT , 2013:		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



The Company has in place a policy on Prevention, Prohibition and Redressal of Sexual Harassment at workplace in line with the requirements of The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. An Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment. The policy has set guidelines on the redressal and enquiry process that is to be followed by complainants and the ICC, whilst dealing with issues related to sexual harassment at the work place. All women employees (permanent, temporary, contractual and trainees) are covered under this policy. The Company has not received any complaints during the year.		     



 




 



 



 



 



 



 



 



 



 



 




 



32



 



DETAILS OF APPLICATION MADE OR PROCEEDING PENDING UNDER INSOLVENCY AND BANKRUPTCY CODE 2016:		     



 




 



 



 



During the year under review, there were no applications made or proceedings pending in the name of the company under the Insolvency Bankruptcy Code, 2016.		     



 




 



 



 



 



 



 



 



 



 



 




 



33



 



DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE TIME SETTLEMENT AND VALUATION WHILE AVAILING LOAN FROM BANKS AND FINANCIAL INSTITUTIONS:		     



 




 



 



 



During the year under review, there has been no one time settlement of Loans taken from Banks and Financial Institutions.		     



 




 



 



 



 



 



 



 



 



 



 




 



34



 



PARTICULARS OF EMPLOYEES		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



The information required pursuant to Section 197 read with Rule 5(2) of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and Companies (Particulars of Employees) Rules, 1975, in respect of employees of the Company and Directors are not applicable.		     



 




 



 



 



 



 



 



 



 



 



 




 



35



 



ACKNOWLEDGEMENT		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



Your Directors place on Record their sincere appreciation for the continuous guidance, cooperation and assistance received from the business partners/associates, Financial Institutions, Banks, Officers & Staff of the company		     



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



For & On Behalf of Board of Directors		 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 




 



 



 



PLACE



: Mumbai



 



 



 



 



 




 



 



 



DATED



: 01.09.2023



 



Director



 Director 



 



 




 



 



 



 



 



 



Siddharth Agarwal



Satya Agrawal



 



 




 



 



 



 



 



 



DIN: 00515410



DIN: 01063343



 



 




 



 



 



 



 



 



A / 3, Surbhi, Model Town, B.R.Rd,Mulund (W),

Mumbai 400080.



A / 3, Surbhi, Model Town, B.R.Rd,Mulund (W),

Mumbai 400080.



 



 




 		         




 



 




 



 



 



 



 




 



Annexure 1		  



 




 



 



 



 



 




 



FORM NO. AOC-2		  



 




 



(Pursuant to clause (h) of sub-section (3) of Section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014)		  



 




 



Form for disclosure of particulars of contracts ƒ arrangements entered into by the Company with related parties referred to in sub-section (1) of Section 188 of the Companies Act, 2013 including certain arm’s length transactions under third proviso thereto		  



 




 



 



 



 



 




 



1



Details of contracts or arrangements or transactions not at arm’s length basis: 



NIL



 




 



a)



Name(s) of the related party and nature of relationship: 



 



 




 



b)



Nature of contractsƒarrangementsƒtransactions: 



 



 




 



c)



Duration of the contracts ƒ arrangementsƒtransactions: 



 



 




 



d)



Salient terms of the contracts or arrangements or transactions including the value, if any: 



 



 




 



e)



Justification for entering into such contracts or arrangements or transactions: 



 



 




 



f)



Date(s) of approval by the Board: 



 



 




 



g)



Amount paid as advances, if any: 



 



 




 



h)



Date on which the special resolution was passed in general meeting as required under first proviso to 



 



 




 



 



 



 



 




 



2



Details of material contracts or arrangements or transactions at arm’s length basis:		 



 




 



 



 



 



 




 



a)



Name of the related party and nature of relationship: 



Veritas Industries Private Limited – Directors are common



 




 



b)



Nature of transaction: 



Sale, Purchase Job Work, Sale Jobwork



 




 



c)



Duration of transaction: 



Whole Year



 




 



d)



Salient terms of the transaction including the value, if any:



 



 




 



e)



Date of approval by the Board, if any: 



 



 




 



f)



Amount paid as advances, if any: 



Nil



 




 



 



 



 



 




 



a)



Name of the related party and nature of relationship: 



Siddhant Ispat Private Limited – Directors are common



 




 



b)



Nature of transaction: 



Purchase Job work, Labour Charges, Rent paid



 




 



c)



Duration of transaction: 



Whole Year



 




 



d)



Salient terms of the transaction including the value, if any:



 



 




 



e)



Date of approval by the Board, if any: 



 



 




 



f)



Amount paid as advances, if any: 



Nil



 




 



 



 



 



 




 



 



 



 



 




 



 



 



 



 




 



 



 



 



 




 



 



 



 



 




 



 



 



 



 




 



 



 



 



 




 		    




 



 SYSTEMATIC INDUSTRIES PRIVATE LIMITED



“ANNEXURE -2



FORMAT FOR THE ANNUAL REPORT ON CSR ACTIVITIES



TO BE INCLUDED IN THE BOARD’S REPORT FOR FINANCIAL



YEAR COMMENCING ON OR AFTER 1ST DAY OF APRIL, 2020



1. Brief outline on CSR Policy of the Company. In line with the requirements of Companies Act, 2013 for CSR, as per Schedule VII



2. Composition of CSR Committee:




Sl. No.



Name of Director



Designation/Nature of Directorship



Number of Meetings of CSR held during the year



Number of meetings of CSR Committee attended during the year




1



Siddharth Agarwal



Director



2



2




2



Satya Agrawal



Director



2



2




 



3. Provide the web-link where Composition of CSR committee, CSR Policy and CSR projects approved by the board are disclosed on the website of the company. NA



4. Provide the details of Impact assessment of CSR projects carried out in pursuance of sub-rule (3) of rule 8 of the Companies (Corporate Social responsibility Policy) Rules, 2014, if applicable (attach the report). NA



5. Details of the amount available for set off in pursuance of sub-rule (3) of rule 7 of the Companies (Corporate Social responsibility Policy) Rules, 2014 and amount required for set off for the financial year, if any     NA




Sl. No.



Financial Year



Amount Available for set off from preceding Financial Years (in Rs.)



Amount Required to be set off for the Financial year, if any (in Rs.)




 



 



 



 




 



6. Average net profit of the company as per section 135(5). – Rs. 483.43 lacs



7. (a) Two percent of average net profit of the company as per section 135(5) – Rs. 9.67 lacs



(b) Surplus arising out of the CSR projects or programmes or activities of the previous financial years. NA



(c) Amount required to be set off for the financial year, if any – NA



(d) Total CSR obligation for the financial year (7a+7b- 7c). – Rs. 9.67 lacs



8. (a) CSR amount spent or unspent for the financial year:




Total Amount Spent for the Financial Year. (in Rs.)



Amount Unspent (in Rs.)		    




Total Amount transferred to Unspent CSR Account as per section 135(6).		 



Amount transferred to any fund specified under Schedule VII as per second proviso to section 135(5).		  




Amount



Date of transfer.



Name of the



Fund



Amount.



Date of transfer.




9.67 lacs



NIL



NA



NIL



NIL



NA




 



 



 



 



 



 




 



 



8.(b) Details of CSR amount spent against ongoing projects for the financial year:  NIL




(1)



(2)



(3)



(4)



(5)		 



(6)



(7)



(8)



(9)



(10)



(11)		 




Sl. No.



Name of the Project



Item from the list of activ-ities in Sche-dule VII to the Act



Local area (Yes /No).



Location of the project.		 



Project durat-ion.



Amount allocated



for the



project (in Rs.).



Amount spent in the current



fina-ncial Year (in Rs.).



Amount transferred to Unspent CSR Account for the project as per



Section 135(6) (in Rs.).



Mode of Implem-entation- Direct (Yes /No).



Mode of Implemen tation – Through Imple-menting Agency		 




 



 



 



 



 



State



District



 



 



 



 



 



Name



CSR Regist-ration numbe




1.



 



 



 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 



 



 



 



 




 



Total



 



 



 



 



 



 



 



 



 



 



 




 



 



 



 



 



8. (c) Details of CSR amount spent against other than ongoing projects for the financial year:




(1)



(2)



(3)



(4)



(5)		 



(6)



(7)



(8)		 




Sl. No



Name of the



Project



Item from the list of



activities in schedule VII to the Act.



 



Local



area



(Yes/No).



Location of the project.		 



Amount spent for the project (in Rs.).



Mode of implemen-tation –



Direct (Yes/No).		Mode of implementation –Through implementing agency.



 		 




 



 



 



 



State



District



 



 		Name.CSR registra-tion number.




1.



Covid Support



Donation made for Eradicating hunger, poverty and malnutrition, to the needy person



No



DNH and Daman and Diu



Silvassa



Rs. 9.67 lacs



YES		NANA




2.



 



 



 



 



 



 



 		  




3.



 



 



 



 



 



 



 		  




4.



 



 



 



 



 



 



 		  




 



(d) Amount spent in Administrative Overheads – NIL



(e) Amount spent on Impact Assessment, if applicable -  NA



(f)  Total amount spent for the Financial Year (8b+8c+8d+8e) – Rs. 9.67 lacs



8. (g) Excess amount for set off, if any




Sl. No.



Particular



Amount (in Rs.)




(i)



Two percent of average net profit of the company as per section 135(5)



Rs. 9.67 lacs



 




(ii)



Total amount spent for the Financial Year



Rs. 9.67 lacs




(iii)



Excess amount spent for the financial year [(ii)-(i)]



NA




(iv)



Surplus arising out of the CSR projects or programmes or activities of the previous financial years, if any



NIL




(v)



Amount available for set off in succeeding financial years [(iii)-(iv)]



NIL




 



9. (a) Details of Unspent CSR amount for the preceding three financial years:




Sl. No.



Preceding



Financial



Year.



Amount transferred to Unspent CSR Account under section 135 (6)



(in Rs.)



Amount spent in the



reporting Financial Year (in Rs.).



Amount transferred to any fund specified under Schedule VII as per section 135(6), if any.		  



Amount rema-ining to be spent in



succee-ding financial years. (in Rs.)




Name



of the



Fund



Amount (in Rs)



Date of transfer




 



 



 



 



 



 



 



 




 



Total



 



 



 



 



 



 




 



9. (b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s): NIL



 




(1)



(2)



(3)



(4)



(5)



(6)



(7)



(8)



(9)




Sl. No.



Project ID.



Name of the Project.



Financial Year in which the project was commenced



Project duration.



Total amount allocated for the



project (in Rs.).



Amount spent on the project in



the reporting Financial Year (in



Rs).



Cumulative amount spent at the end of reporting Financial Year. (in Rs.)



Status of the project -Completed /Ongoing.




 



 



 



 



 



 



 



 



 




 



 



 



 



 



 



 



 



 




 



Total



 



 



 



 



 



 



 




 



10. In case of creation or acquisition of capital asset, furnish the details relating to the asset so created or acquired through CSR spent in the financial year (asset-wise details). – NIL



(a) Date of creation or acquisition of the capital asset(s). NA



(b) Amount of CSR spent for creation or acquisition of capital asset. NA



(c) Details of the entity or public authority or beneficiary under whose name such capital asset is  registered, their address etc. NA



(d) Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset). NA



11. Specify the reason(s), if the company has failed to spend two per cent of the average net profit as per section 135(5). NA



 




 



 



Siddharth Agarwal



 



Director and Chairman CSR Committee



 



 



Satya Agrawal



 



Director




 



 

Description of state of companies affair

There wasno change in the nature of the business of the company during the year under review.

Details regarding energy conservation

Considering the nature of activities of the Company, provisions relating to disclosure of particulars with regard to technology absorption are not applicable to the Company.

Details regarding technology absorption

Conservation of Energy - The Company has not spent any substantial amount on Conservation of Energy to be disclosed here.

Details regarding foreign exchange earnings and outgo

Foreign Exchage Earnings and Outgo               Particulars 2022-23 2021-22 Foreign Exchange Earnings                           1,455.67                            4,438.19 Foreign Exchange Outgo                               640.62                                174.07    

Disclosures in director’s responsibility statement

To the best of our knowledge and belief and according to the information and explanations obtained by us, your Directors make the following statements in terms of Section 134(3)(c) of the Companies Act, 2013:   (i) in the preparation of the annual accounts for the year ended March 31, 2023, the applicable accounting standards had been followed.   (ii) for the financial year ended March 31, 2023, such accounting policies as mentioned in the Notes to the financial statements have been applied consistently and judgments and estimates that are reasonable and prudent have been made so as to give a true and fair view of the state of affairs of the Company and of the Profit and Loss of the Company for the year ended March 31, 2023.   (iii) that proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.   (iv) the annual financial statements have been prepared on a going concern basis.   (v) that proper internal financial controls were followed by the Company and that such internal financial controls are adequate and were operating effectively.   (vi) that proper systems to ensure compliance with the provisions of all applicable laws were in place and that such systems were adequate and operating effectively.

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