Dear Shareholder,
The Directors of your Company have pleasure in presenting the 10th
Annual Report on the business and operations of the Company together with Audited
Financial Statements for the year ended 31st March 2023:
FINANCIAL RESULTS |
Year ended
31.03.2023 Rs in lakhs |
Year ended
31.03.2022 Rs in lakhs |
PROFITS: |
|
|
|
|
Profit before Interest,
Depreciation & extra-ordinary items |
|
335.16 |
|
270.18 |
Less Interest |
164.22 |
|
114.84 |
|
Depreciation |
119.93 |
|
9 |
|
Exchange Fluctuation
Loss/(gains) |
000 |
|
000 |
|
Bad Debts written off |
000 |
284.15 |
000 |
3 |
Profit before tax |
|
51.01 |
|
6 |
Less Provision for
current tax |
26.00 |
|
22.25. |
|
Provision for deferred tax
Tax adjustment relating to earlier year |
M 1.331 |
14.67 |
M 5.651 |
6.60 |
Profit after tax |
|
36.34 |
|
19.76 |
Add: Re-measurement
of defined benefit plans |
5.17 |
|
5.83 |
|
Income Tax related to items
that will not be re-classified to profit or loss |
?135) |
3.82 |
047) |
4.36 |
Total comprehensive income for
the period |
|
40.16 |
|
24.12 |
NOTE : Figures of the previous year have been re-grouped/re-arranged in
order to make them comparable.
DIVIDEND: The Board of Directors of your Company have not
recommended dividend for the year ended 31st March, 2023.
EXTRACT OF ANNUAL RETURN: The extract of Annual Return as provided
under sub-section (3) of section 92 of the Companies Act, 2013 ( 'the Act') in prescribed
form MGT-9 is uploaded on company's website www.amintannery.in.
OPERATIONAL REVIEW: During the year under review, the income from
operation of the company Rs.5264.34 lakhs as compared to last year Rs.3921.06 lakhs and P
B T is 51.01 lakhs, against 26.36 in last year.
SUBSIDIARY COMPANIES: During the year under review Company has no
subsidiary.
INDUSTRIAL RELATIONS: During the period industrial relations have
been extremely cordial. Employees' cooperation and co-ordination had been an important
factor in the growth of the organization.
FIXED DEPOSITS: The Company has not accepted/renewed any deposit
during the year under review, under the provisions of the Companies Act 2013 and the rules
framed thereunder.
MATERIAL CHANGES AFFECTING THE COMPANY: There have been no material
changes and commitments affecting the financial position of the Company between the end of
financial year and date of Reports. There has been no change in the nature of business of
the Company.
SECRETARIAL STANDARDS: The Directors state that the Secretarial
standards i.e., SS-1, SS-2, SS-3 and SS-4 relating to Meetings of the Board of Directors,
General Meeting, Dividend and Report of Board of Directors respectively. Have been duly
followed by the Company.
INTERNAL FINANCIAL CONTROLS: The Company has in place adequate
internal financial Controls with reference to financial statements. During the year, such
controls were tested and no reportable material weakness in the design or operation was
observed.
HUMAN RESOURCES MANAGEMENT: Employees are vital to the Company. We
have created a favorable work environment that encourages humble relationship. We have
also set up a scalable recruitment and human resources management process, which enables
us to attract and retain high caliber employees. The Company also has started with
collaboration of UP Leather Industries Association a training centre for recruiting
trained labors.
DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMAN AT WORKPLACE
(PREVENTION, PROHIBITION AND REDRESSAL ACT, 2013:
Your Company strongly believes in providing a safe and harassment free
workplace for each and every individual working for the Company through various
intervention and practices. It is the continuous endeavor of the Management of the Company
to create and provide an environment to all its employees that is free from discrimination
and harassment including Sexual harassment.
During the year ended 31 March 2023, no complaint pertaining to sexual
harassment was received by the Company. However, company has no women employees during the
year under review.
GLOBAL HEALTH PANDEMIC FROM COVID-19: The World Health Organization
declared a global pandemic of the Novel Coronavirus disease (Covid-19) on February 11,
2020.In enforcing social distancing to contain the spread of the disease, our officers and
employees have been operating with effective measures for a period of time. To effectively
respond and manage our operations through this crisis, the company triggered its business
continuity management program, chaired by the Chief Operating Officer. In keeping with its
employee-safety-first approach.
PARTICULARS OF EMPLOYEES: A statement of particulars of employees
as specified under the Companies Act, 2013 as amended from time to time, is set out in the
Annexure forming part of Directors' Report.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, and FOREIGN EXCHANGE
EARNING & OUTGO: The particulars of Energy Conservation, Technology Absorption
etc. pursuant to Section 134(3) (m) of the Companies Act, 2013, read with Rule 8 of the
Companies (Accounts) Rules, 2014 are set out in the Annexure forming part of this Report.
SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR
TRIBUNALS: No
significant or material orders were passed by the Regulators or Courts
or Tribunals during the year under review.
WHISTLE BLOWER POLICY/VIGIL MECHANISIM: To create enduring value
for all stakeholders and ensure the highest level of honesty, and ethical behavior in all
its operations, the Company has formulated a Vigil Mechanism named as AMIN Whistle Blower
Policy' in addition to the existing code of conduct that governs the action of its
employees. This Whistle blower policy aspires to encourage all employees to report
suspected or actual occurrence(s) of illegal, Unethical or inappropriate events (behaviors
or practices) that effect Company's interest/image. A copy of the Policy is available on
the website of the Company and may be accessed through the web link:
https;//amintannery.in.
DIRECTORS & KMP: In terms of Article 125 of the Articles of
Association of the Company, Mr. Iftikhaul Amin retire by rotation at the ensuing Annual
General Meeting and being eligible, offers himself for his re-appointment. Brief resume of
all the Directors, their expertise in specific functional areas and names of other
companies in which Directorship held and the membership of committee of the Board as
stipulated under the listing Agreement are given in corporate governance annexure,
attached to this report.
DECLARATION BY INDEPENDENT DIRECTORS: The Company has received
declaration from all the Independent Directors of the Company confirming that they meet
with the criteria of independence as prescribed under sub-section (6) of section 149 of
the Companies Act, 2013.
POLICY ON DIRECTORS' APPOINTMENT AND REMUNERATION: For the purpose
of selection of any Director, the Nomination &Remuneration Committee identifies
persons of integrity who posses' relevant expertise, experience and leadership qualities
required for the position and also takes into consideration recommendation, if any
received from any member of the Board. The Committee also ensures that the incumbent
fulfills such other criteria with regard to age and other qualifications as laid down
under the Companies Act,2013 or other applicable laws.
The Board has, on the recommendation of the Nomination
&Remuneration Committee framed a policy for selection, appointment and remuneration of
Directors &senior Management.
The Remuneration policy of the Company is disclosed in the Corporate
Governance Report, which forms a part of the report.
FAMILIARISATION PROGRAMME FOR THE INDEPENDENT DIRECTORS: In
compliance with the requirements of Regulation 27 of the listing Agreement, the Company
has put in place a Familiarization Programme for the Independent Directors to familiarize
them with the Company, their roles rights responsibilities in the Company, nature of the
Company in which Company operates, business model etc.
REPORT ON CORPORATE GOVERNANCE: Pursuant to Regulation 27 of the
Listing Agreement, a report on Corporate Governance is given in Annexure to this report.
DIRECTORS' RESPONSIBILITY STATEMENT: Pursuant to the requirement
under Section 134(5) read with section 134(3)( c ) of the Companies Act, 2013 with respect
to Directors' Responsibility Statement, it is hereby confirmed:
i) That in the preparation of the annual accounts for the financial
year ended 31st March 2023, the applicable accounting standards have been followed along
with proper explanation relating to material departures;
(ii) That the Directors have selected such accounting policies and
applied them consistently and made judgments and estimates that were 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 or loss of the Company for that period;
(iii) That the Directors have taken proper and sufficient care 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) That the Directors have prepared the accounts for the financial
year ended 31st March 2023 on a going concern basis.
AUDITORS: M/s. Kapoor Tandon & Company Chartered Accountants
Kanpur (Registration No 000952C) have been appointed in place of Rajeev Prem &
Associates Chartered Accountants, Kanpur (Registration No 008905C) the Statutory Auditors
of the Company for a period of 5 years from the conclusion of 10th AGM to be
held on 30.09.2023,subject to ratification of their appointment at every Annual General
Meeting and have confirmed their eligibility and willingness to accept the offer of
Auditors, if ratified by the Members at the forthcoming A.G.M. The Board of Directors
recommend their appointment.
COST AUDITOR: As the requirement of Cost Audit report does not
applicable to the Company as per MCA circular.
Hence no Cost Auditor was appointed and no report was filed.
SECRETARIAL AUDITORS: Pursuant to the provisions of section 204 of
the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014, the Company has appointed M/S K.N. Shridhar, & Associates,
Company secretary Kanpur to undertake the secretarial Audit of the Company.
The Secretarial Audit Report is annexed herewith as "MR-3"
The Audit Report and the Secretarial Audit Report for the financial
year 2022-23 does not contain any qualification, reservation or adverse remark by the
Auditors.
LOANS, GUARANTEES & INVESTMENTS:
The particulars of Loans, guarantees and investments have been
disclosed in the financial statements.
RELATED PARTY TRANSACTIONS:
The policy on Related Party Transactions as approved by the audit
Committee and Board is available on the website of the Company www.amintannery.in
All contracts/arrangements entered by the Company during the previous
financial year with the related parties were in the ordinary course of business and on
arm's length basis. The Audit Committee and the Board of Directors reviewed the
transaction (which is repetitive in nature) and the Audit Committee granted approval for
such transactions.
The disclosures as required under AS-18 have been made in notes forming
part of the financial statement. The particulars of contracts or arrangements entered in
to by the company with related parties referred to in sub-section (1) of section 188 of
the companies Act, 2013 has been disclosed in Form No.AOC-2 which is annexed hereto.
AUDITORS' REPORT:
The comments of the Auditors in their Audit Report and reference to
"Notes on Accounts" forming part of the Financial Results are self explanatory
and need no further comments.
ACKNOWLEDGMENT:
Your directors would like to express their gratitude and appreciation
for the continued support and co-operation received from State Bank of India, Central
& State Government Authorities, Regulatory Bodies, Stock Exchanges and Shareholders.
Your directors wish to place their deep sense of appreciation on record
for the devoted services of the officers, staff and workers of the Company.
Place: KANPUR Date: 12.08.2023
On behalf of the Board of Directors
VEQARUL AMIN IFTIKHARUL AMIN
Managing Director Director (CFO)
ANNEXURE I TO THE DIRECTORS' REPORT
Statement as required under Section 134(3)(m) of the Companies Act,
2013, read with Rule 8 of the Companies (Accounts) Rules, 2014.
(a) Conservation of Energy:
(1) Energy conservation measures taken:
Upgradation of power generation and distribution systems for long term
energy savings. Special emphasis has been laid on boiler and steam generation.
(2) Additional investments and proposal, if any, being implemented for
reduction of consumption of energy: Introduction of energy saving devices and systems in
process machines.
(3) Impact of the measures at (1) & (2) above for the reduction of
energy consumption and consequent impact on the cost of production of goods:
Energy conservation measures have helped in generation of required
quantity of steam at a minimum cost which resulted in improving efficiencies and reduction
in costs.
(4) Total energy consumption and energy consumption per unit of
production as per Form A of the Annexure in respect of industries specified in the
Schedule thereto: Not Applicable
(b) Technology Absorption: Research and Development (R & D):
(1) Specific area in which R & D carried out by the Company:
(a) New product development based on different raw hides/skins.
(b) Apart from production of safety footwear establishing standard
products for fashion shoes/sandals.
(2) Benefits derived as a result of the above R & D:
(a) Cost reduction and better unit realization.
(b) Better product acceptance.
(3) Future plan of action: To continue to invest in R & D for
faster introduction of new products.
(4) Expenditure on R & D: |
2022-23 |
2021-22 |
|
(Rs in lakhs) |
(Rs in lakhs) |
(a) Capital |
0000 |
0000 |
(b) Recurring |
0000 |
0000 |
(c) Total |
0.00 |
0.00 |
(d) Total R & D
Expenditure as % of turnover |
0.00% |
0000 |
Technology Absorption, Adoption And Innovation:
(1) Efforts, in brief, made towards technology absorption, adoption and
innovation:
The Company is using indigenous technology and is developing in house
technology and is not dependant on any outside technology / source.
(2) Benefits derived as a result of the above efforts: Not Applicable
(3) In case of imported technology (Imported during the last 5 years
reckoned from the beginning of the financial year):
|
Not Applicable |
(a) Technology imported |
(b) Year of import |
(c) Has technology been fully
absorbed? |
(d) If not fully absorbed,
areas where not taken place, reasons therefore and future plan of action |
(c) FOREIGN EXCHANGE EARNINGS & OUTGO:
(1) Activities relating to exports, initiative taken to increase
exports, development of new export markets or products and export plans:
On Export front, Company's performance is quite satisfactory and it is
expected to be strong in the time to come.
(2) Total foreign exchange earned
& used: |
2022-23 |
2021-22 |
|
(Rs in lakhs) |
(Rs in lakhs) |
(a) Foreign exchange earned (FOB
value of exports) |
3471.20 |
2455.81 |
(b) Foreign exchange used |
26.57 |
21.77 |
(d) STATEMENT OF PARTICULARS OF MANAGING DIRECTOR AND EXECUTIVE
DIRECTORS FORMING PART OF THE DIRECTORS' REPORT:
Name |
Designation |
Gross
Remuneration |
Qualification |
Experience
(Years) |
Date of
Commencement of employment |
Age
(Years) |
Particulars of previous
employment |
Mr.
Veqarul
Amin |
Managing
Director |
2457600 |
Leather
Technologist |
33 |
01.01.1990 |
60 |
Promoter |
Mr. Iqbal Ahsan |
Director |
NIL |
Graduate |
34 |
21.12.1988 |
61 |
Promoter |
Mr.
Iftikharul
Amin |
Director |
NIL |
Post
Graduate |
39 |
06.02.1984 |
65 |
Promoter |
Notes :
1. Mr. Iftikharul Amin, Mr. Iqbal Ahsan and Mr. Veqarul Amin being
brothers are related to each other within the meaning of schedule IA of Companies Act,
2013.
on behalf of the Board of Directors
Place: KANPUR
VEQARUL AMIN IFTIKHARUL AMIN
Date: 12.08.2023
Managing Director
Director (CFO)
ANNEXURE -II TO THE DIRECTORS' REPORT REPORT ON CORPORATE GOVERNANCE:
In accordance with the Regulation 17-to 27of ( LODR) Regulation 2015 of
the Listing Agreement with the Stock Exchanges in India (Regulation27) and some of the
best practices followed internationally on Corporate Governance, the report containing the
details of governance system and processes at Super Tannery Limited is as under:
Corporate Governance Philosophy
At Amin Tannery Limited it is our belief that as we move closer towards
our aspirations of becoming a global corporation our corporate governance standard must be
globally benchmarked. That gives us confidence of having put in the right building blocks
for future growth and ensuring that we achieve our ambitions in a prudent and sustainable
manner.
Shareholders Communications
The Board recognizes the importance of two-way communication with
shareholders for giving a balanced report of results & progress and responds to the
questions and issues raised in a timely and consistent manner. Shareholders seeking
information may contact the Company directly throughout the year. They also have an
opportunity to ask questions in person at the Annual General Meeting. Shareholders can
contact the company via dedicated shareholder contact points as provided with this report
or through any of Investor Service Centre of the Company's Registrars and Transfer Agents.
The company ensures that queries, complaints and suggestions are responded in a timely and
consistent manner.
Role of Company Secretary in Overall Governance Process
The Company Secretary holds a key role in ensuring that the Board
Procedures are followed and regularly reviewed. The Company Secretary ensures that all
relevant information, details and documents are made available to the directors and senior
management for effective decision making at the meeting. The Company Secretary is
primarily responsible to ensure compliance with applicable statutory requirements and is
the interface between the management and regulatory authorities for governance matters.
All the Directors of the company have access to the advice and services of the Company
Secretary.
Observance of the Secretarial Standards issued by the Institute of the
Company Secretaries of India
The Institute of the Company Secretaries of India (ICSI), one of the
premier professional bodies in India, has issued Secretarial Standards on important
aspects like Board Meetings, General Meeting, Payment of Dividend, Maintenance of
Registers and records, Minutes of Meetings, Transmission of Shares and Debentures, Passing
of Resolution By Circulation, Affixing of Common Seal, Forfeiture of Shares and Board's
Report although these1. BOARD OF DIRECTORS:
(i) The Board of Directors of the Company has equally consisted 50%
executive and 50% Non-executive Independent Directors as per Companies Act 2013 the Board
is in conformity with Regulation 17 of LODR Regulation 2015 and the listing agreement with
the Stock exchanges.
(ii) None of the directors on the Board is a member of more than 10
Committees or Chairman of more than 5 committees as specified in the regulation across all
the Companies in which he/she is a director. Necessary disclosure about position in other
public companies as on 31st March, 2023 has been made by the Director.
(iii) The names and categories of the Directors on the Board, their
attendance at Board meetings held during the year and the number of Directorships and
Committee Chairmanship/Membership held by them in other companies is given below. Other
directorships do not include alternate directorship and directorship of private limited
companies, Chairmanship/Membership of Board Committees included on Audit, Remuneration and
Shareholder/Investors Grievances committees.
(iv) The present strength of the Board is 6 comprises three executive
and three non-executive directors. During the year 2022-23, the Board met 4 times (as
against the minimum requirement of four meetings) on the following dates: , 30th May
2022,13th Aug. 2022, 12th Nov. 2022 and 14th Feb. 2023,The maximum time gap between any
two board meetings was not more than one hundred and twenty days.
2. The following table gives details of directors' attendance at the
Board meetings and at the last Annual General Meeting, number of memberships held by
director in the Board/Committees of various companies:
Name |
Category |
Attendance
Particulars |
Number of
other Directorships Committee Member/Chairman |
Board
Meetings |
Last AGM |
Director
ships |
Other
Committee
Membership |
Committee
Chairman |
Iftikharul Amin |
Director |
4 |
Yes |
5 |
1 |
|
Iqbal Ahsan |
Director |
4 |
Yes |
6 |
1 |
|
Veqarul Amin |
MD |
3 |
Yes |
3 |
1 |
|
Iqbal Akhtar Soleja |
NED-1 |
4 |
Yes |
1 |
3 |
|
Sadia Kamal |
NED-1 |
4 |
Yes |
1 |
3 |
|
Aftab Ahmad |
NED-I |
4 |
Yes |
1 |
4 |
4 |
MD-Managing Director; ED-Executive Director; NED-I-Non-Executive
Director-Independent.
None of the Director is member of more than 10 committees or Chairman
of more than 5 committees across all companies in which he/she is Director. Brief resume
of Directors seeking re-appointment, nature of their expertise in specific functional
area, is given here under:
a. Mr. Iftikharul Amin: Mr. Iftikharul Amin, Director of the Company
(64years), is a Post Graduate. He is named in Article of Association of the Company as
First Director of the Company and appointed as Chief Financial Officer December 2017 and
again re-appointed as CFO in September 2022 for a further period of 5 Years. Mr.
IftikharulAmin is retire by rotation and being eligible for re-appointment. Iftikharul
Amin has been closely associated with the Company and is involved in the operation of the
Company. He is having very good experience of leather and leather products. His services
are required very much to steer the company smoothly. He is also director of the following
companies: -
a. Super Tannery (UK) Limited
b. Aarifi Tanners Limited
c. Super Corporation Limited
d. Super Tannery Limited
3. AUDIT COMMITTEE:
The Audit Committee consists of three Members - Mr. Aftab Ahmad
(Non-Executive Independent Director) acts as Chairman, Mr. Iqbal Akhtar Soleja
(Non-Executive Independent Director) member and Mrs. Sadia Kamal (Non-Executive
Independent Director) member of the committee.
The terms of reference specified by the Board to the Audit Committee
are as contained under Regulation 17-27 of (LODR) of the Listing Agreement. They are as
follows:
a. Oversight of the company's financial reporting process and the
disclosure of its financial information.
b. Recommending the appointment and removal of external auditors,
fixation of audit fee and also approval for payment for any other services.
c. Reviewing with management the annual financial statements before
submission to the Board, (i) the going concern assumption (ii) compliance with accounting
standards (iii) compliance with stock exchange and legal requirements concerning financial
statements.
d. Reviewing the adequacy of internal audit functions.
e. Discussion with internal auditors any significant findings and
follow-up there on.
f. Reviewing the findings of any internal investigations by the
internal auditors into matters where there is suspected fraud or irregularity or a failure
of internal control systems of a material nature and reporting the matter to the Board.
g. Discussion with external auditors before the audit commences nature
and scope of audit as well as post audit discussion to ascertain any area of concern.
4. NOMINATION AND REMUNERATION COMMITTEE:
For better compliance of Corporate Governance, the Remuneration
Committee of the Company has been designed to determine Company's policy on specific
remuneration package of Executive Directors on the basis of their performance. The
Remuneration and Commission decided by the Committee are paid in accordance with the
Companies Act, 2013. The Composition of Remuneration Committee is as follows:
Name Status
Mr. Aftab Ahmad (Non Executive Director - Independent) Chairman
Mr. Iqbal Akhtar Soleja (Non Executive Director - Independent) Member
Mrs. Sadia Kamal (Non Executive Director - Independent) Member
Details of remuneration paid to Directors are given below:
Name of Director |
Salary
including
perquisites |
Sitting Fees |
Total (Rs'in lakhs) |
Mr. Iftikharul Amin |
NIL |
|
NIL |
Mr. Iqbal Ahsan |
NIL |
|
NIL |
Mr. Veqarul Amin |
24,57,600 |
-- |
24,57,600 |
The Non-Executive Directors are not paid any remuneration.
5. SHAREHOLDERS'/INVESTORS' GRIEVANCE COMMITTEE:
The Company has constituted Shareholders' / Investors' Grievance
Committee (the committee), comprising Mr.Aftab Ahmad, Chairman, Mr. Iftikharul Amin and
Mr. Iqbal Ahsan. The Committee, inter-alia, approves issue of duplicate certificates and
reviews all matters connected with the securities transfer. The Committee also looks into
redressing of Shareholders' / Investors' Complaints like transfer of shares, non-receipt
of balance sheet, non-receipt of dividends etc. Mrs Arti Tiwari, the Company Secretary
acts as a Secretary of the Committee as well as Compliance Officer. Total No. of
complaints received and replied to the satisfaction of Shareholders during the Year was
43.No outstanding Complaints were lying unresolved as on 31st March 2023. No Investors
grievances are pending for a period exceeding more than one Month with the Company.
CSR COMMITTEE:
The Company has constituted CSR Committee (the committee), comprising
Mr. Aftab Ahmad Chairman, Mr. Iftikharul Amin, and Mr. Iqbal Ahsan. The Committee,
inter-alia, approves the CSR activities as run by the Company. However, the same is not
applicable to the Company.
The basic aim of the Company CSR policy to improve the lives of the
local Community.
6. GENERAL BODY MEETINGS:
During the last three years, following Annual General Meetings (AGM)
& Extra Ordinary General Meeting (EGM) were held:
Year |
Location |
Date |
Time |
2019-20 (AGM) |
187/170, Jajmau Kanpur |
30.09.2020 |
10 A.M. |
2020-21 (AGM) |
187/170 Jajmau Kanpur |
30.09.2021 |
10 A.M |
2021-22 (AGM) |
187/170 Jajmau Kanpur |
30.09.2022 |
10 A.M |
7. DISCLOSURE:
(a) Disclosures on materially significant related party transactions
i.e. transactions of the Company of material nature, with its promoters, the directors or
the management, their subsidiaries if any or relatives etc. that may have potential
conflict with the interests of the Company at large.
None of the transactions with any of the related parties were in
conflict with the interest of the Company. All the related party transactions are
negotiated on arms length basis and are only intended to safeguard the interest of the
company. Wherever necessary, the related party transactions are disclosed in Notes to the
Accounts, forming part of the Annual Report.
(b) Details of non-compliance by the Company, penalties and strictures
imposed on the Company by Stock Exchange or SEBI or any statutory authority, on any matter
related to capital markets, during the last three years.
There were no case of non-compliance of any matter related to capital
market during the last three years.
8. MEANS OF COMMUNICATION:
Quarterly Results: The quarterly results were published in the 'The
Pioneer (English), New Delhi and 'Dainik Aaj (Hindi), Kanpur. The Management Discussion
and Analysis (M D & A) is a part of Annual Report.
9. INSIDER TRADING:
In accordance with Securities & Exchange Board of India
(Prohibition of Insider Trading) Regulation 1992, as amended in February 2002, the Board
of Directors of the company formulated the code of conduct for prevention of insider
trading in shares of the company by its employees. However, the same is not applicable,
because Company as of now not listed.
10. GENERAL SHAREHOLDER INFORMATION:
10.1 ANNUAL GENERAL MEETING: Date and Time 30th September 2023 at
10:00 a.m.
Venue - 187/170, Jajmau, KANPUR-208 010.
10.2 FINANCIAL CALENDAR 2023-24: (Tentative)
BOARD MEETINGS:
Results for the quarter ending 30.06.2023: 2nd week of August 2023
Results for the quarter ending 30.09.2023: 2nd week of November 2023
Results for the quarter ending 31.12.2023: 2nd week of February 2024
Results for the quarter ending 31.03.2024: Last week of May 2024 (as
per Listing Agreement.)
10.3: BOOK CLOSURE DATE/ Record Date: 23rd September 2023 to 24th
September 2023 (both days inclusive)
10.4: Dividend: Your Directors have not recommended dividend for
the year ended 31st March 2023.
10.5: (a) LISTING OF EQUITY SHARES ON STOCK EXCHANGES AT:
1 .The Stock Exchange, Mumbai, Phiroze Jeejeebhoy Towers, Dalal Street,
MUMBAI-400001.
NOTE: Annual Listing Fees for the year 2022-23 has been paid to the
BSE.
(b) DEMAT ISIN NUMBERS IN NSDL & CDSL: Equity Shares
INE572Z01017
10.6: STOCK CODE: Trading in Mumbai Stock Exchange and Stock Code
is 541771.
Performance of Company's Equity Share
Months |
Company' |
s Equity Share |
|
High |
Low |
April 2022 |
3.40 |
2.72 |
May 2022 |
3.15 |
2.45 |
June 2022 |
2.81 |
1.89 |
July 2022 |
2.37 |
2.00 |
August 2022 |
3.69 |
2.01 |
September 2022 |
3.29 |
2.41 |
October2022 |
2.89 |
2.40 |
November 2022 |
2.85 |
2.44 |
December 2022 |
2.69 |
2.16 |
January 2023 |
2.48 |
2.05 |
February 2023 |
2.35 |
1.93 |
March 2023 |
2.12 |
1.48 |
10.7: REGISTRAR AND TRANSFER AGENT:
KFin Technologies. Ltd.
Karvy Selenium Tower B", Plot No 31&32, Financial District,
Nanakramguda,Gachibowli, HYDERABAD-500032 Telangana, India.
Phone: 40-67162222, 33211000 ; Fax: 40-23420814 Email:
einward.ris@kfintech.com, mailmanager@kfintech.com
10.8: SHARE TRANSFER SYSTEM:
In compliance of SEBI Circular, your Company has appointed common
agency to shareholders for all the work relating to share registry in terms of both
physical and electronic at single point by our Registrar & Transfer Agent i.e. KFin
Technologies Ltd. Hyderabad. The share transfers, which are received are processed and the
share certificates returned within a period of 10 to 15 days from the date of receipt,
subject to the documents being valid and complete in all respect.
10.9: SHARE HOLDING PATTERN AS ON 31.03.2023
S. No. Description |
Cases |
Shares |
% Equity |
1 BANKS |
1 |
3000 |
0.00 |
2 CLEARING MEMBERS |
2 |
1082 |
0.00 |
3 DIRECTORS AND THEIR RELATIVES |
10 |
63461434 |
58.78 |
4 H U F |
120 |
633488 |
0.59 |
5 BODIES CORPORATES |
38 |
3000179 |
2.78 |
6 NRI Non-Repatriation |
43 |
166195 |
0.15 |
7 NON RESIDENT INDIANS |
60 |
375193 |
0.35 |
8 RESIDENT INDIVIDUALS |
14956 |
36645875 |
33.94 |
9 IEPF |
1 |
3686914 |
3.41 |
Total: |
15231 |
107973360 |
100.00 |
10.10: Distribution Schedule as on 31st March 2023:
Category |
No. of Cases |
%0f
Cases |
Total Shares |
Amount |
%of
Amount |
1- 5000 |
14130 |
92.77% |
14175593 |
14175593 |
13.13% |
5001- 10000 |
673 |
4.42% |
4835219 |
4835219 |
4.48% |
10001- 20000 |
231 |
1.52% |
3407256 |
3407256 |
3.16% |
20001- 30000 |
69 |
0.45% |
1711340 |
1711340 |
1.58% |
30001- 40000 |
24 |
0.16% |
855106 |
855106 |
0.79% |
40001- 50000 |
22 |
0.14% |
1008651 |
1008651 |
0.93% |
50001- 100000 |
43 |
0.28% |
3104535 |
3104535 |
2.88% |
100001 & Above |
39 |
0.26% |
78875660 |
78875660 |
73.05% |
TOTAL |
15231 |
100.00% |
107973360 |
107973360 |
100.00% |
10.11: DEMATERIALISATION OF SHARES AND LIQUIDITY:
The company has entered into agreement with NSDL and CDSL for the
dematerialization of its equity shares.
10.12: OUTSTANDING GDR/ADR/WARRANTS OR ANY CONVERTIBLE INSTRUMENTS,
CONVERSION DATE AND LIKELY IMPACT ON EQUITY : Nil
10.13: PLANT LOCATIONS:
Amin Tannery Limited : Leather Technology Park, Banthar, Unnao, U.P.
10.14: ADDRESS FOR INVESTORS' CORRESPONDENCE:
Shareholders correspondence should be addressed to our Registrar &
Transfer Agents at the address mentioned above. Shareholders may also contact Company
Secretary at the Registered Office of the Company at:
15/288 C, Civil Lines Kanpur-208001 Phone:0512-230447 E-mail:
share@amintannery.in Website: www.amintannery.in
Shareholders holding shares in electronic mode should address all their
correspondence to their respective Depository Participant.
11. CODE OF CONDUCT :
The Company has a code of conduct applicable to its Directors and
senior management personnel.
Declaration as required under the Listing Agreement:
All Directors and senior management of the company have affirmed
compliance with company's Code of Conduct for the financial year ended 31st March 2023.
Kanpur: 12.08.2023
VEQARUL AMIN Managing Director
12. NON-MANDATORY REQUIREMENTS:
The company has adopted non-mandatory requirements to the following
extent:
Chairman of the Board - The Company does not have a Chairman. At every
Board meeting, a Director is elected to preside over the meeting. The company has
constituted Remuneration committee of the Board.
On behalf of the Board of Directors
Place: KANPUR Date: 12.08.2023
VEQARUL AMIN
Managing Director
IFTIKHARUL AMIN
Director (CFO)