|
Dear Members,
The Board of Directors is pleased to present the Company's 13 th Annual Report together with the
Audited Statement of Accounts for the year ended 31st March, 2025.
1. FINANCIAL HIGHLIGHTS:
(Rupees in Lakhs)
Particulars |
For the year ended on 31.03.2025 (Standalone) |
For
the year ended on 31.03.2024 (Standalone) |
T otal Income |
26818.26 |
24601.77 |
Total Expenditure |
25708.33 |
23107.65 |
Profit Before Depreciation and Tax |
1180.27 |
1599.82 |
Less: Depreciation |
35.17 |
52.85 |
Profit/(Loss) Before Tax |
1145.10 |
1546.97 |
Less : Provision for Taxes |
301.86 |
417.73 |
Less : Deferred Tax |
3.50 |
8.05 |
Profit/(Loss) for the Period from continuing operations |
839.74 |
1121.19 |
Profit/(Loss) for the period from Discontinuing operations before tax |
0.00 |
0.00 |
Tax expenses of Discontinuing operations |
0.00 |
0.00 |
Profit/(Loss) from Discontinuing operations (After Tax) |
0.00 |
0.00 |
Profit/(Loss) for the period |
839.74 |
1121.19 |
Other Comprehensive Income net of taxes |
|
|
(i) Amount of items that will not be reclassified to profit and loss |
(1.51) |
(0.55) |
(ii) Income Tax relating to items that will not be reclassified to profit and
loss |
(0.38) |
(0.14) |
(i) Amount of items that will be reclassified to profit and loss |
0.00 |
0.00 |
(ii) Income Tax relating to items that will be reclassified to profit and
loss |
0.00 |
0.00 |
Sub- Total |
(1.13) |
(0.41) |
Total comprehensive Income for the Period |
838.61 |
1120.78 |
Earnings per share |
|
|
Earnings per Equity Share for continuing operations |
|
|
Basic earnings/(Loss) per share from continuing operations |
0.22 |
0.30 |
Diluted earning/(Loss) per share from continuing operations |
0.22 |
0.30 |
Earnings per Equity Share for discontinuing operations |
0.00 |
0.00 |
Basic
earning/(Loss) per share from discontinuing operations |
0.00 |
0.00 |
Diluted
earning/(Loss) per share from discontinuing operations |
0.00 |
0.00 |
Earnings
per Equity Share |
|
|
Basic
earning/(Loss) per share from continuing and discontinuing operations |
0.22 |
0.30 |
Diluted
earnings/(Loss) per share from continuing and discontinuing operations |
0.22 |
0.30 |
2. COMPANY'S PERFORMANCE
During the year ended 31st March 2025, Operational Revenue including
other income was Rs. 26818.26 Lakhs, Profit Before Tax was Rs. 1145.10 Lakhs as against
Operational Revenue of Rs. 24601.77 Lakhs and Profit Before Tax of Rs. 1546.97 Lakhs
during the previous year ended 31st March 2024. Net Profit for the financial
year ended March 31, 2025 was Rs. 838.61 Lakhs as against Rs. 1120.78 Lakhs in previous
year.
A detailed analysis on the operations of the Company during the year
under review and outlook for the current year is included in the Management Discussion and
Analysis Report forming an integral part of this Annual Report.
There has been no change in the nature of the business of the Company
during Financial Year 2024-25.
3. SHARE CAPITAL
The Authorised Share Capital of the Company is Rs. 40,00,00,000/-
(Rupees Forty Crores Only). The Paid up Equity Share Capital of the Company is Rs.
37,53,72,000/- divided into 37,53,72,000 Equity Shares of Re. 1/- each.
During the period under review, there was no change in the share
capital of the Company.
4. DIVIDEND AND DIVIDEND DISTRIBUTION POLICY
Your Company has in place the Dividend Distribution Policy for the
purpose of declaration and payment of dividend in accordance with the provisions of the
Companies Act, 2013 (the “Act”) and Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”). Dividend Distribution Policy is available at the website of the
Company at https://www.mkproteins.in/company-policy.html
Your Directors have not recommended dividend for the financial year
ended March 31, 2025.
5. RESERVES
The Board has decided not to transfer any amount to the General Reserve
during the year under review. Surplus of Rs. 838.61 Lakhs is to be retained in Profit
& Loss Account.
6. SUBSIDIARY AND ASSOCIATES ENTITIES:
As on March 31, 2025, your Company has no Subsidiary Company, Associate
or Joint Venture.
7. BOARD OF DIRECTORS
As on 31st March 2025, the Board consists of Mr. Parmod
Kumar as Managing Director, Mr. Vinod Kumar as Whole-Time Director, Mr. Parvind Kumar and
Mr. Raj Kumar are Non-executive Non-Independent Directors. Mr. Tej Mohan Singh, Mrs. Laxmi
Mandal, Mrs. Shipra Jain and Mrs. Swati Gupta were Independent Directors of the Company.
Changes in Directors between the End of Financial Year and Date of the
Board Report: Ms. Swati Gupta (DIN: 09652245) resigned from the post of Independent
Director of the Company with effect from 13th August, 2025. The Company had
received confirmation from Ms. Swati Gupta (DIN: 09652245) that there are no material
reasons for her resignation other than those, mentioned in her resignation letter dated 13
th August, 2025.
Directors proposed to be appointed / re- appointed at the ensuing
Annual General Meeting:
In accordance with the provisions of Section 152 of the Companies Act,
2013 ('the Act'), and the Company's Articles of Association, Mr. Parvind Kumar retires by
rotation and being eligible has offered himself for re-appointment.
On the recommendation of the Nomination and Remuneration Committee, in
accordance with the provisions of Section 161 of the Companies Act, 2013, (the Act), read
with the Articles of Association of the Company, the Board of Directors of the Company
appointed Mr. Deepak Khetarpal (DIN: 00732804) as an Additional Independent Director with
effect from 23rd August 2025. Further on the recommendations given by the
Nomination and Remuneration Committee and subject to approval of the shareholder in
ensuing Annual General Meeting the Board of Director in its meeting held on 23rd
August 2025 proposed to appoint Mr. Deepak Khetarpal (DIN: 00732804) as an Independent
Director of the Company, for first term of five (5) consecutive years with effect from 23rd
August 2025 and he shall not be liable to retire by rotation in accordance with the
provisions of the Companies Act, 2013.
8. INDEPENDENT DIRECTORS
As on 31st March 2025, Mr. Tej Mohan Singh, Mrs. Laxmi
Mandal, Mrs. Shipra Jain and Mrs. Swati Gupta were Independent Directors of the Company.
Ms. Swati Gupta resigned on 13th August 2025 and Mr. Deepak
Khetarpal was appointed as Independent Director on 23rd August 2025.
The Company has received declaration of Independence from all the
Independent Directors as required under Section 149(7) of the Companies Act, 2013
confirming that they meet the criteria of independence under Section 149(6) of the
Companies Act, 2013 read with Regulation 16(1) (b) of SEBI (LODR) Regulations, 2015. In
the opinion of the Board, the Independent Directors fulfil the said conditions of
Independence. The Independent Directors have also confirmed that they have complied with
the Company 's Code of
Business Conduct & Ethics. In terms of requirements of the Listing Regulations, the
Board has identified core skills, expertise and competencies of the
Directors in the context of the Company 's business for effective functioning, which are detailed in the
Corporate Governance Report.
In the opinion of the Board, Independent Directors possess the
requisite integrity, experience, expertise, proficiency and qualifications.
9. BOARD EVALUATION
The Board of Directors have carried out an annual evaluation of its own
performance, Board Committee and individual Directors pursuant to provision of the Act and
the corporate governance requirement as prescribed by the Securities and Exchange Board of
India (Listing Obligation & Disclosure Requirement) Regulation, 2015.The performance
of the board was evaluated by the board after taking inputs from all the Directors on the
basis of criteria such as the Board Composition and structure, effectiveness of board
process, information and functioning, etc. as provided by the Guidance Note on Board
Evaluation issued by the Securities and Exchange Board of India.
A structured questionnaire was prepared after taking into consideration
various aspects of Board 's
functioning like composition of the Board and its Committees, Board culture, performance
of specific duties and obligations keeping in view applicable provisions of the Companies
Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
The evaluation process includes various aspects to determine the performance of Directors
of the Company. The basis for this evaluation include fulfillment of independence
criteria, qualifications, knowledge, level of engagement and contribution, skills and
experience in the respective fields, honesty, integrity, ethical behavior and leadership,
independence of judgment, attendance at the meetings, understanding the business,
regulatory, competitive and social environment, understanding strategic issues and
challenges etc. The Board of Directors expressed their satisfaction over the evaluation
process.
In a separate meeting of Independent Directors which was held on March
15, 2025, performance of nonindependent and the board as whole was evaluated, taking into
account the views of executive directors and non-executive directors. Performance
evaluation of Independent Director was done by the entire board, excluding the independent
director being evaluated.
10. DIRECTOR'S RESPONSIBILITY STATEMENT
Pursuant to section 134(5) of the Companies Act, 2013, the Board, to
the best of their knowledge, hereby confirm that:
(i) In the preparation of Annual Accounts and Financial Statements for
the year ended March 31, 2025, the applicable accounting standards have been followed
along with proper explanations relating to material departures, if any;
(ii) The Directors had selected such accounting policies and applied
them consistently and made judgment and estimates that are reasonable and prudent so as to
give a true and fair view of the state of affairs of the Company at the end of the
financial year and of the profit and loss of the company for that period.
(iii) The Directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the provision of this act
for safeguarding the assets of the Company and for preventing and detecting fraud and
other irregularities.
(iv) The Directors had prepared the Annual Accounts on a Going Concern
Basis.
(v) The Directors have laid down internal financial control to be
followed by the company and that such internal financial control is adequate and were
operating effectively.
(vi) The Directors had devised proper systems to ensure compliance with
the provisions of all applicable laws and that such systems are adequate and operating
effectively.
11. MEETINGS OF BOARD OF DIRECTORS
The Board met 7 (Seven) times during the year. The details about the
board meeting and the attendance of the directors are provided in Corporate Governance
Report.
12. BOARD COMMITTEES
Pursuant to requirement under Companies Act, 2013 and SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors has
constituted various Committees of Board such as Audit Committee, Nomination &
Remuneration Committee, Stakeholders Relationship Committee and Risk Management Committee.
The details of composition and terms of reference of these Committees
are mentioned in the Corporate Governance Report.
13. BOARD DIVERSITY
The Board recognizes the importance of a diverse composition and has
adopted a “Board Diversity
Policy” which sets out the
approach to diversity.
14. KEY MANAGERIAL PERSONNEL
Pursuant to Section 203 of the Companies Act, 2013, the Company has 4
(Four) Key Managerial Personnel viz. Mr. Parmod Kumar, Managing Director, Mr. Vinod Kumar,
Whole Time Director, Ms. Neha Aggarwal as Company Secretary & Compliance Officer, Mr.
Vinod Kumar as Chief Financial Officer of the Company.
15. ANNUAL RETURN
Pursuant to the provisions of Section 134(3)(a) and Section 92(3) of
the Act read with Rule 12 of the Companies (Management and Administration) Rules, 2014 the
Annual Return of the Company for the Financial Year ended 31 March, 2025 in Form MGT-7 is
uploaded on the website of the Company and can be accessed at www.mkproteins.in.
16. STATUTORY AUDITOR
M/s. KRA & Co., Chartered Accountants (FRN: 020266N), were
appointed statutory auditor of the Company by the members at the 12th Annual
General Meeting held on September 30, 2024 for 5 (Five) year from the conclusion 12th
AGM till the conclusion of 17th AGM to be held in calendar year 2029, on a
remuneration mutually agreed upon by the Board of Directors and the Statutory Auditors.
M/s. KRA & Co., Chartered Accountants (FRN: 020266N), resigned from
the office of Statutory Auditor vide their letter dated August 5, 2025, before completion
of their term. Their resignation has caused a casual vacancy in the office of Statutory
Auditors as envisaged by section 139(8) of the Companies Act, 2013 and casual vacancy so
caused by the resignation of auditors can only be filled up by the Company after taking
consent of the members.
Accordingly, the Board at its meeting held on August 12, 2025, on
recommendations of Audit Committee had appointed M/s. Subhash Sajal & Associates,
Chartered Accountants (FRN: 018178N) to fill up the causal vacancy created on account of
resignation by M/s. KRA & Co., Chartered Accountants (FRN: 020266N), subject to
approval by the shareholders at the ensuing Annual General Meeting.
Further, The Board of Directors of the Company at its meeting held on
August 12, 2025, on recommendations of Audit Committee have also appointed M/s. Subhash
Sajal & Associates, Chartered Accountants (FRN: 018178N) subject to approval of
shareholders at ensuing Annual General Meeting, to hold office from the conclusion of 13 th
Annual General Meeting till the conclusion of 18th Annual General Meeting.
Your Company has received a letter from M/s. Subhash Sajal &
Associates, Chartered Accountants (communicating their eligibility and consent to accept
the office, if appointed, to act as a Statutory Auditor of the Company in place of M/s.
KRA & Co, Chartered Accountants with a confirmation that, their appointment, if made,
would be within the limits prescribed under the Companies Act, 2013.
The Statutory Auditors ' Report issued by M/s. KRA & Co., Chartered Accountants (FRN:
020266N), forms part of the Annual Report. There is no audit qualification, reservation,
or adverse remark for the year under review.
17. SECRETARIAL AUDITORS
In terms of section 204 of the Act read with Regulation 24A(1) of SEBI
(LODR) Regulations, and based on the recommendation of the Audit Committee, the Board of
Directors have approved and recommends the appointment of M/s. J P Jagdev & Co., (M.
No. F2469, C.P. No. 2056) a peer reviewed Sole Proprietorship firm of Practicing Company
Secretaries as the Secretarial Auditors of the Company at the ensuing AGM for a term of 5
(five) consecutive years commencing from the conclusion of this 13th
(Thirteenth) Annual General Meeting until the conclusion of 18th (Eighteenth) Annual
General Meeting to be held in the year 2030.
The Secretarial audit report for the financial year ended March 31,
2025 is annexed to this Report as Annexure-2 which is self-explanatory.
M/s K. K. Sinha & Associates, Cost Accountants (Firm Regn. No.
100279), were the Cost Auditors of the Company for FY 2024-25.
Based on the recommendation of the Audit Committee, of M/s K. K. Sinha
& Associates, Cost Accountants (Firm Regn. No. 100279), being eligible, have also been
appointed by the Board as the Cost Auditors for FY 2025-26 subject to Members ' approval. The Company has received a
letter from them to the effect that their re-appointment would be within the limits
prescribed under Section 141(3)(g) of the Companies Act, 2013 and that they are not
disqualified for such re-appointment within the meaning of Section 141 of the Companies
Act, 2013. The remuneration to be paid to of M/s K. K. Sinha & Associates, for FY
202526 is subject to ratification of the shareholders at the ensuing AGM.
Cost records as specified by the Central Government under Sub-Section
(1) of Section 148 of the Companies Act, 2013 are made and maintained by the Company.
19. INDUSTRIAL RELATIONS
The industrial relations remained cordial during the year under review.
20. COMPLIANCE WITH SECRETARIAL STANDARDS
The Company has complied with Secretarial Standards on meetings of
Board of Directors and on General Meeting issued by the Institute of Company Secretaries
of India in terms of Section 118 (10) of the Companies Act, 2013.
21. NOMINATION AND REMUNERATION POLICY
The Board of Directors has framed a policy which lays down a framework
in relation to remuneration of Directors, Key Managerial Personnel and Senior Management
of the Company. The Policy broadly lays down the guiding principles, philosophy and the
basis for payment of remuneration to Executive and Nonexecutive Directors (by way of
sitting fees and commission), Key Managerial Personnel, Senior Management and other
employees. The policy also provides the criteria for determining qualifications, positive
attributes and Independence of Director and criteria for appointment of Key Managerial
Personnel / Senior Management and performance evaluation which are considered by the
Nomination and Remuneration Committee and the Board of Directors while making selection of
the candidates. The details of this policy are available on the website of the Company at
mkproteins.in.
22. INTERNAL FINANCIAL CONTROL
The Company has put in place adequate policies and procedures to ensure
that system of Internal Financial Control is commensurate with the size and nature of the
Company 's business. The
evaluation of these internal financial controls were done through internal audit process,
established within the Company and through appointing professional firm to carry out such
tests by way of systematic internal audit program. Based on the review of the reported
evaluations, the directors confirms that the financial statement for the year ended March
31, 2025, are in accordance with the applicable accounting standards.
The Company has established a robust Risk Management system to identify
& assess the key risks and ensure smooth and efficient operations of the business.
Your company is well aware of these risks and challenges and has put in place mechanism to
ensure that they are managed and mitigate with adequate timely actions. The audit
committee reviews business risk area covering operational, financial, strategic and
regulatory risks.
24. AUDIT TRAIL
The Company has used accounting software for maintaining its books of
account for the financial year ended March 31, 2025 which has a feature of recording audit
trail (edit log) facility and the same operated throughout the year for all relevant
transactions recorded in the software. Further, there were no instances of audit trail
feature being tampered with.
25. TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION
FUND
There is no unclaimed dividend lying in terms of section 125(2) of the
Companies Act, 2013 and accordingly the provisions of said section do not apply.
26. RELATED PARTY TRANSACTIONS
The Company has complied with the provisions of sectionn188(1) of the
Act in dealing with related party transactions. The information on transactions with
related parties pursuant to section 134(3)(h) of the Act read with Rule 8(2) of the
Companies (Accounts) Rules, 2014 are given in Form AOC-2 and is annexed as Annexure - I.
Reference is also made to note no. 36 of the Standalone Financial Statements.
27. PARTICULARS OF EMPLOYEE
During the year under review, your Company has not employed any person
who was in receipt of remuneration in excess of the limits specified under Section 197 of
the Act read with the Companies (Appointment and Remuneration of Managerial Personnel)
Rules, 2014.
The details required as per Rule 5 (1) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014 are provided in the Corporate
Governance Report.
However pursuant to provision of section 136(1) of the Act, this report
is being sent to the shareholders excluding the information required as per Rule 5 (2) and
5 (3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.
Any shareholder interested in obtaining the said information, may write to the Company
Secretary at the Registered Office/ Corporate Office of the Company and the said
information is open for inspection at the Registered Office of the Company.
28. HUMAN RESOURCES
Your Company considers Great Brand and Great People as its biggest
asset. The Company is continued to organize various inbound and outbound training
programs, recreation and team building activities to enhance employee skills and
motivation. Company also conducted various workshops and events for grooming and upgrading
vocational skills of the talent pool in order to meet future talent requirements.
29. DEPOSITS
Your Company has not accepted any deposits falling within the meaning
of Section 73 or 74 of the Act during FY25 and as such, no amount on account of principal
or interest on deposits from the public was outstanding as on the date of the balance
sheet.
30. CORPORATE SOCIAL RESPONSIBILITY
In accordance with section 135 of the Companies Act, 2013, the
provisions related to Corporate Social Responsibility (CSR) is are applicable to the
company during the year under review. The details of CSR expenditure are mentioned in
Annexure -5.
31. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENT:
The Company has not given loan to any company during the year. The
company has not given any loan and advances in the nature of loans or stood guarantee, or
provided security to any other entity during the year.
32. PREVENTION OF SEXUAL HARASSMENT POLICY
Considering gender equality, the Company has zero tolerance for sexual
harassment at workplace. The Company has an Anti-Sexual Harassment Policy in line with the
requirement of the Sexual Harassment of woman at workplace (Prevention, Prohibition and
Redressal) Act, 2013. An Internal Complaints Committee (ICC) has been set up to redress
complaint receive regarding sexual harassment. In Financial Year 2024-25, there were no
complaints were received from any of the employee.
In compliance with the General Circular No. G.S.R. 357(E) dated May 30,
2025 issued by the Ministry of Corporate Affairs, the details of the complaints received
during the Financial Year 2024-25 by the Company are as follows:
i. Number of Complaints received during the financial year - NIL
ii. Number of complaints resolved/disposed of during the financial
year- NIL
iii. Number of cases pending resolution for more than 90 days - NIL
33. WHISTLE BLOWER/ VIGIL MECHANISM
The Company has established a Vigil Mechanism and adopted a whistle
blower policy for its Directors and employees, to report concern about unethical behavior,
actual or suspected fraud or violation of the Company 's code of conduct or ethics policy. The mechanism provides adequate
safeguards against victimization of persons who use this mechanism. During the financial
year 2024-25 no cases under this mechanism were reported to the Company.
34. CORPORATE GOVERNANCE
The report on Corporate Governance as stipulated under the SEBI
(Listing Obligations & Disclosure Requirements) Regulations, 2015 forms an integral
part of this report and is annexed as Annexure-3.
A certificate from Mr. Jai Prakash Jagdev, Practicing Company Secretary
regarding compliance on conditions of corporate governance as stipulated in the Listing
Regulations is also appended to the report on Corporate Governance.
35. ANNUAL SECRETARIAL COMPLIANCE REPORT
The Annual Secretarial Compliance Report for Financial Year 2024- 25
for all applicable compliance as per SEBI Regulations and Circulars/ Guidelines issued
thereunder has been duly obtained by the Company. The Annual Secretarial Compliance Report
issued by Mr. Jai Prakash Jagdev, Practicing Company Secretary, has been submitted to the
Stock Exchanges within 60 days of the end of the financial year.
36. MANAGEMENT'S DISCUSSION AND ANALYSIS REPORT
The Management 's Discussion and Analysis Report for the year under review, as stipulated under
Regulation 34 of SEBI (Listing Obligation & Disclosure Requirement) Regulation, 2015
is Annexed as Annexure-4.
37. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNING AND OUTGO
A. Conservation of Energy:
The Company has initiated to take adequate measures for conservation of
energy. The Company shall explore alternative source of energy as and when the necessity
arises.
B. Technology Absorption:
The Company continues to use the latest technologies for improving the
productivity and quality of its services and products.
C. Foreign Exchange Earnings and Outgo:
(Rs.
in Lakhs) |
Particulars |
Current
Year |
Previous
Year |
Foreign
Exchange Outgo |
0.00 |
Rs.
676.52 |
Foreign
Exchange Earned |
0.00 |
0.00 |
38. MATERIAL CHANGES AND COMMITMENTS
There were no other material changes and commitments 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 relates and the date of the Report.
39. SIGNIFICANT AND MATERIAL CHANGES / ORDERS PASSED BY THE REGULATORS
OR COURTS AND TRIBUNALS
No significant and material order has been passed by the regulators,
courts, tribunals impacting the going concern status and Company 's operations in future.
40. DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE
TIME OF ONETIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR
FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF -
The company has not made any such valuation during Financial Year
2024-25.
41. FRAUD
The Company did not note or encountered any incidence or indication for
existence of fraudulent activities in Company during the financial year 01/04/2024 to
31/03/2025.
42. COMPLIANCE WITH THE PROVISIONS OF MATERNITY BENEFIT ACT, 1961
The Company has complied with the provisions of the Maternity Benefit
Act, 1961, as amended, including ensuring appropriate leave, benefits, and workplace
facilities for women employees in accordance with applicable laws.
43. ACKNOWLEDGMENT
The Board of Directors expresses their thanks to the Company 's customers, shareholders, vendors and
bankers for their support to the company during the year. We also express our sincere
appreciation for the contribution made by our employees at all levels. Our consistent
growth was made possible by their Hard work, cooperation and support.
Your Directors would like to make a special mention of the support
extended by the various departments of the Central and State Governments, the Direct and
Indirect tax authorities, the Ministry of Commerce, the Reserve Bank of India, Ministry of
Corporate Affairs/Registrar of Companies, SEBI, the Stock Exchanges and others and look
forward to their support in all future endeavours.
Date: 23.08.2025 Place: Ambala
For and on behalf of the Board of Directors
Sd/-
Parmod Kumar
Managing Director DIN:00126965
Sd/-
Vinod Kumar
Whole-time Director DIN:00150507
Form AOC-2
Pursuant to clause (h) of sub-section (3) of Section 134 of the
Companies Act, 2013 and Rule 8(2) of the Companies (Accounts) Rules, 2014.
Disclosure of particulars of contracts / arrangements entered into by
the Company with related parties referred to in sub-section (1) of section 188 of the
Companies Act, 2013 including arm length transactions under fourth (4th) provision there
to:
1. During the Financial Year 2024-25 there were no arrangements or
transactions with related parties which were not at arm 's length basis.
2. Following are the details of contracts or arrangements or
transactions at Arm 's length
basis:
Name
of the Related Party |
Nature of Relationship |
Duration of Contracts |
Salient
Terms |
Amount (Rs.) |
M/s.
Kamla Oleo Private Limited |
Associate
Concern |
Ongoing |
Purchases
Sales |
32,70,48,005
85,98,100 |
M/s.
Kamla Oils & Fats Private Limited |
Associate
Concern |
Ongoing |
Purchases |
14,71,23,570 |
M/s.
Kamla Organics Private Limited |
Associate
Concern |
Ongoing |
Purchases |
1,38,25,170 |
M/s.
SGF Industries Private Limited |
Associate
Concern |
Ongoing |
Purchases
Sales |
17,11,60,570
87,75,700 |
M/s.
Shib Charan Dass Industries Private Limited |
Associate
Concern |
Ongoing |
Lease
Rent Paid |
12,00,000 |
Mr.
Parmod Kumar |
Managing
Director |
Ongoing |
Remuneration |
48,00,000 |
Mr.
Vinod Kumar |
Whole-time
Director and CFO |
Ongoing |
Remuneration |
48,00,000 |
Mrs.
Sunila Garg |
Relative
of MD |
Ongoing |
Remuneration |
30,00,000 |
For and on behalf of the Board of Directors
Sd/-
Place: Ambala Date: 23.08.2025
Parmod Kumar Managing Director DIN:00126965
|