Your Directors take pleasure in presenting the Thirtieth Annual Report of the Company
together with the Audited Financial Statements for the financial year ended 31st March,
2024.
1. FINANCIAL HIGHLIGHTS
The financial results of the Company are summarized below:
(Rs in Lakhs)
| Particulars |
Financial Year ended 31.03.2024 |
Financial Year ended 31.03.2023 |
| Total Income |
1454.19 |
247.20 |
| Profit/ (Loss) before Interest and Tax |
190.50 |
176.92 |
| Less: Interest Expenses |
182.28 |
170.55 |
| Profit/(Loss) before tax |
8.22 |
6.37 |
| Less: Tax Expenses |
|
|
| Current Tax |
1.98 |
1.32 |
| Deferred Tax |
0.22 |
0.60 |
| Profit after tax |
6.02 |
4.45 |
| Other Comprehensive Income |
- |
- |
| Total Comprehensive Income |
6.02 |
4.45 |
2. OPERATIONS & THE STATE OF COMPANY'S AFFAIRS
During the year under review, the total income of the Company is Rs. 1454.19 Lakhs as
compared to Rs. 247.20 Lakhs during the previous year while the profit after tax is Rs.
6.02 Lakhs as compared to Rs. 4.45 Lakhs during the previous year. The performance of the
Company during the year under consideration was satisfactory and the company will continue
to focus on its present business activities.
3. DIVIDEND
In order to plough back profits for future requirements of the company, no dividend is
being declared by the Board of Directors for the financial year under review.
4. TRANSFER TO RESERVES
Tire Company during the period under review has transferred Rs. 1.31 Lakhs to Special
Reserve created under Section 45-IC of the RBI Act, 1934. Except the said amount the
Company has not transferred any amount to any Reserves for the year under review.
5. SHARE CAPITAL
During the year under review, the Company has not issued any securities including
equity shares with differential rights/ sweat equity shares/ employees stock options
scheme/ bonus shares. Thus, there is neither any change in the Authorized share Capital
nor any change in issued, subscribed and paid-up share capital of the Company.
6. MATERIAL CHANGES AND COMMITMENTS
There were no material changes and commitments, affecting the Financial position of the
company, which have occurred between the end of Financial Year of the Company to which the
Financial Statements relate and the date of this report.
7. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES
The Company does not have any Subsidiary, Joint venture or Associate Company.
8. DEPOSITS
Being a non-deposit accepting NBFC Company, your Company has not accepted any deposits
from the public / members under Section 73 of the Companies Act, 2013 read with Companies
(Acceptance of Deposits) Rules, 2014 during the year under review.
9. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO.
The provision of Section 134(3) (m) of the Companies Act, 2013, and the rules made
there under relating to conservation of energy, technology absorption do not apply to the
Company as its activities are not relevant for the same.
There was no foreign exchange earnings and outgo during the financial year under
review.
10. DIRECTORS AND KEY MANAGERIAL PERSONNEL
During the financial year ended 31st March, 2024, Your Company's Board comprised of 4
Directors - 2 NonExecutive Independent Directors, 1 Executive Director, 1 Non-Executive
Woman Director and 1 Company Secretary.
| Name of the Director / KMP |
Category |
| Mr. Beda Nand Choudhary |
Whole-time Director |
| Ms. Pritha Sinha Pandey |
Non Executive (Woman Director) |
| Mr. Jitendra Kumar Bhagat |
Non Executive Independent Director |
| Mr. Pratim Priya Das Gupta |
Non Executive Independent Director |
| Ms. Rajshree Mundhra |
Company Secretary |
In terms of the provisions of Section 152 of the Companies Act, 2013 and Articles of
Association of the Company, Mrs. Pritha Sinha Pandey (DIN - 07016238), Director of the
Company, is liable to retire by rotation at the ensuing Annual General Meeting and being
eligible, offers herself for re-appointment. During the financial year, there is no
changes in composition of board of directors of the Company
The management of the Company is in process of filling vacancy of the post of Key
Managerial Personnel (KMP) i.e. the Chief Financial Officer.
11. STATUTORY DISCLOSURES
None of the Directors of the Company are disqualified as per the provisions of Section
164 of the Companies Act, 2013. The Directors have made the necessary disclosures as
required by the various provisions of the Act and SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
12. PARTICULARS OF EMPLOYEES & KMP
During the financial year under review, the following were the Key Managerial Personnel
of the Company as per the provisions of the Companies Act, 2013:
i) Rajshree Mundhra - Company Secretary and Compliance officer
ii) Beda Nand Choudhary - Whole-time Director
Disclosures pertaining to remuneration and other details as required under Section
197(12) of the Act, read with Rule 5(1) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 are given below:
(i) The ratio of the remuneration of each director/KMP to the median employee's
remuneration for the financial year as prescribed is as given below:
| Sl. No. |
Name of KMP |
Remuneration of KMP for FY 2023-24 (Rs.) |
Previous Year Remuneration (Rs.) |
% increase |
Ratio of remuneration of each director/ to median remuneration of
employees |
| 1 |
Rajshree Mundhra (Company Secretary) |
4,65,400/- |
74,000/- |
N.A. |
0.00 |
| 2 |
Beda Nand Choudhary (Whole Time Director) |
6,00,000/- |
6,00,000/- |
N.A. |
0.00 |
Note: other than above none of the directors received any remuneration during the
financial year ended 31st March, 2024.
(ii) Percentage increase in the median remuneration director, CEO and CFO during the
financial year:
NA. Percentage increase in the median remuneration Company Secretary is: N.A.
(iii) Percentage increase in median remuneration of employees in the financial year:
Not applicable.
(iv) The number of permanent employees on the rolls of the company as on 31st March,
2024: 4
(v) Average percentage increase made in the salaries of employees other than KMP in the
financial year -10%.
It is hereby affirmed that the remuneration paid is as per the Remuneration Policy for
Directors, KMP and other employees.
There were no persons employed by the Company during the Financial Year 2023-2024 who
draws remuneration as prescribed under Rule 5(2) of Companies (Appointment and
Remuneration) Rules, 2014, hence details with respect to the same is not required to be
given.
13. MEETINGS OF THE BOARD
During the financial year ended 31st March, 2024, 5 (Five) Board meetings were held
respectively on 10th April, 2023, 29th May, 2023, 14th August, 2023, 14th November, 2023
and 12th February, 2024.
The attendances of Directors at these meetings are as follows:
| Name of Directors |
No. of Board Meetings Attended |
| Mr. Beda Nand Choudhary |
5 of 5 |
| Mr. Jitendra Kumar Bhagat |
5 of 5 |
| Ms. Pritha Sinha Pandey |
5 of 5 |
| Mr. Pratim Priya Das Gupta |
5 of 5 |
The provisions of Companies Act, 2013 and Securities Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015) read with relevant circulars
issued by the concerned authorities, were adhered to while considering the time gap
between two meetings.
14. MEETINGS OF THE INDEPENDENT DIRECTORS
During the financial year ended 31st March, 2024, two meetings of the Independent
Directors were held on 14th August, 2023 and 12th February, 2024 inter alia to discuss:
• Evaluation of the performance of the Non Executive Directors and Board of
Directors as a whole;
• Evaluation of the performance of the chairman of the meetings of the company,
taking into account the views of the executive and non-executive directors,
non-independent directors and board of directors as a whole;
• Evaluation of the quality, content and timelines of flow of information between
the Management and the Board that is necessary for the Board to effectively and reasonably
perform its duties.
All the Independent Directors were present at the meeting.
15. COMMITTEES OF THE BOARD
The Company has constituted different Committees under the Board that are mandated
under the Companies Act, 2013 and of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
(a) AUDIT COMMITTEE
The Audit Committee comprises three Directors, out of which two are independent. During
the year, the Audit Committee met 4 times to deliberate on various matters respectively on
29th May, 2023, 14th August, 2023, 14th November, 2023 and 12th February, 2024.
The Composition of the Audit Committee and the attendance of each member at these
meetings are as follows:
| Name of Directors |
Position Held |
No. of Meetings Attended |
| Mr. Pratim Priya Das Gupta |
Chairman |
4 |
| Mr. Beda Nand Choudhary |
Member |
4 |
| Mr. Jitendra Kumar Bhagat |
Member |
4 |
Statutory Auditors and Internal Auditors or their representatives are permanent
invitees for the meetings of the Committee. The Company Secretary acts as the Secretary to
the Committee.
The Chairman of the Audit Committee attended the Annual General Meeting of the Company
held on 29th September, 2023 and he ensured that necessary clarifications and explanations
were provided to the Members of the Company on issues regarding accounts and finance.
The Quarterly Un-audited Financial Results as well as the Annual Financial Statements
are reviewed and examined by the members of the Audit Committee before recommendation of
the same to the Board of Directors of the Company for their perusal and approval. The
Audit Committee ensures an effective internal control system.
(b) NOMINATION AND REMUNERATION COMMITTEE
The Nomination and Remuneration Committee comprises of three Non-Executive Directors,
out of which two are independent. The Chairman of the Committee, Mr. Pratim Priya Das
Gupta, is the Non-Executive Independent Director. During the year under review, two
meeting of Nomination and Remuneration Committee were held on 14th August, 2023 and 12th
February, 2024.
The Chairman of the Nomination and Remuneration Committee attended the Annual General
Meeting of the Company held on 29th September, 2023.
The Composition and attendance of Nomination and Remuneration Committee as on 31st
March, 2024 is given below:
| Name of Directors |
Position Held |
No. of Meetings Attended |
| Mr. Pratim Priya Das Gupta |
Chairman |
2 |
| Mrs. Pritha Sinha Pandey |
Member |
2 |
| Mr. Jitendra Kumar Bhagat |
Member |
2 |
The Nomination and Remuneration Committee of the Board is constituted to (a) formulate
from time to time process for selection and appointment of new Directors, key managerial
personnel and other employees and their succession plans and (b) recommend to the Board
from time to time, a compensation structure for Directors and other key managerial
personnel.
(c) INVESTORS' GRIEVANCE & STAKEHOLDER'S RELATIONSHIP COMMITTEE
The Company constituted the Committee to oversee the investor grievances in relation to
transfer of shares, non-receipt of annual report, dividend and other grievances. It is the
policy of the Company to promptly attend to and resolve the complaints received from the
shareholders. The Committee also oversees the performance of the Registrar and Share
Transfer Agents of the Company and recommends measures for overall improvement in the
quality of investor services. During the financial year ended 31st March, 2024, four
meetings of the Committee were held on 29th May, 2023, 14th August, 2023, 14th November,
2023 and 12th February, 2024.
The composition of the Investors' Grievance & Stakeholder's Relationship Committee
on 31st March, 2023 is as follows:
| Name of Directors |
Positions held |
No. of Meetings attended |
| Mr. Pratim Priya Das Gupta |
Chairman |
4 |
| Mr. Beda Nand Choudhary |
Member |
4 |
| Mr. Jitendra Kumar Bhagat |
Member |
4 |
No sitting fee has been paid to the Executive and Non-Executives Directors during the
period under review for attending the meetings of the Board and its Committees.
16. DECLARATION OF INDEPENDENT DIRECTORS
All the Independent Directors have submitted their disclosures to the Board that they
fulfill all the requirements as stipulated in Section 149(6) of the Companies Act, 2013 so
as to qualify themselves to be appointed as Independent Directors under the provisions of
the Companies Act, 2013 and the relevant rules and SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.
17. PERFORMANCE EVALUATION OF THE BOARD/COMMITTEES AND INDEPENDENT DIRECTORS
The Board of Directors has carried out an annual evaluation of its own performance,
board committees and Independent Directors pursuant to the applicable provisions of the
Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.
The aspects covered in the evaluation included the contribution made by the Directors
to the corporate governance practices, long term strategic planning, fulfillment of
Director's obligations and fiduciary responsibilities and active participation at the
Board and Committee meetings. The effectiveness of Board / Committee processes were
assessed based on the Directors' inputs received during the meetings of the Board of
Directors.
The Board and the Nomination and Remuneration Committee reviewed the performance of the
individual directors on the basis of the criteria such as the contribution of the
individual director to the board and committee meetings.
In a separate meeting of Independent Directors, performance of non-independent
directors, and performance of the board as a whole was evaluated, taking into account the
views of all the directors.
18. PREVENTION OF INSIDER TRADING
The Company adopted a Code of Conduct as per the Guidelines issued by the Securities
and Exchange Board of India as amended from time to time for prevention of Insider Trading
which is applicable to the members of the Board and all employees in the course of
day-to-day business operations of the Company. The code of conduct framed by the Company
has helped in ensuring compliance with the requirements.
19. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES
During the year, the Company has not entered into any contract/arrangement/transaction
with related parties which could be considered material significant in accordance with the
policy of the Company on materiality of related party transactions. All transactions
entered into with Related Parties during the financial year were in the ordinary course of
business and on an arm's length basis and do not attract the provisions of Section 188 of
the Companies Act, 2013. There were no materially significant transactions with related
parties during the financial year which were in conflict with the interest of the Company.
Suitable disclosure has been made in the note no. 32 of the Financial Statements. All
Related Party Transactions are placed before the Audit Committee as also the Board for
approval.
20. ANNUAL RETURN
The details of Annual Return in prescribed form MGT - 7 as required under Section 92
(3) and 134 (3) of the Act is displayed on the web site of the Company i.e.
www.mersl.co.in.
21. VIGIL MECHANISM
The Company has a vigil mechanism/whistle blower policy to deal with instances of fraud
and mismanagement in terms of Section 177(9) of the Companies Act, 2013.
22. CORPORATE GOVERNANCE
Pursuant to Regulation 15 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, report on Corporate Governance is not applicable to the Company for the
financial year 2023-24 since the Net Worth is below Rs. 25.00 Crores and the Paid up
equity share Capital of the Company is less than Rs. 10.00 Crores.
23. DIRECTORS' RESPONSIBILITY STATEMENT
In accordance with the provisions of Section 134(5) of the Companies Act, 2013 the
Board hereby submits its responsibility Statement:-
(a) that in the preparation of the Annual Accounts for the year ended 31st March, 2024,
the applicable accounting standards had been followed along with proper explanation
relating to material departures;
(b) that the Directors have selected such accounting policies and applied them
consistently and made judgments and estimates that are reasonable and prudent so as to
give a true and fair view of the state of affairs of the Company as at 31st March, 2024
and of the profit for the year ended as on that date;
(c) 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;
(d) that the Directors have prepared the Annual Accounts for the financial year ended
31st March, 2023 on a going concern basis;
(e) that the Directors have laid down internal financial controls to be followed by the
company and that such internal financial controls are adequate and were operating
effectively; and
(f) that the Directors have devised proper systems to ensure compliance with the
provisions of all applicable laws and that such systems were adequate and operating
effectively.
24. AUDITORS AND AUDITORS' REPORT Statutory Auditors
Pursuant to the provisions of section 139 of the Companies Act, 2013, M/s. Gupta &
Manglik, (Firm Registration No. 311118E), Chartered Accountants, were appointed as
statutory auditors of the Company at the 25th Annual General Meeting (AGM) of the Company
to hold office from the conclusion of the 25th AGM for a tenure of consecutive 5 years
till the conclusion of the 30th AGM. Their Tenure of such appointment will expire upon
conclusion of the 30th Annual General Meeting of the Company.
The Board of Directors approached M/ s. GGPS And Associates, Chartered Accountants
(Firm Registration No. 032345N) and received consent from the Auditors to the effect that
if they are appointed, it would be in accordance with the provisions of the Section 141 or
other applicable provisions of the Companies act, 2013. Accordingly an ordinary resolution
proposing appointment of M/s. GGPS and Associates, Chartered Accountants, as the Statutory
Auditors of the Company, for a term of five consecutive years from the conclusion of 30th
AGM till the conclusion of the 35th AGM to be held for the financial year ended March 31,
2029, pursuant to Section 139 of the Companies Act, 2013 forms part of the 30th Annual
General Meeting for approval of members of the Company.
The Report given by the Auditors on the financial statement of the Company is part of
this Report and are self explanatory. There has been no qualification, reservation,
adverse remark or disclaimer given by the Auditors in their Report.
The Statutory Auditors have not reported any incident of fraud of the Company during
the financial year 2023-24 in terms of Section 143(12) of the Act and Rules framed
thereunder.
Secretarial Auditor Report:
The Board has appointed Patnaik & Patnaik, Practicing Company Secretaries (Peer
Review No. 1688/2022), to carry out the Secretarial Audit pursuant to the provisions of
Section 204 of the Companies Act, 2013 for the Financial Year 2023-24. The Secretarial
Audit Report for the Financial Year ended March 31, 2024 is annexed herewith and marked as
Annexure I to this report.
Secretarial Auditor's observations, if any, in his report, have been suitably explained
by way of appropriate notes to accounts and/or in the Board's Report wherever it was
considered necessary.
25. COST AUDITORS
Pursuant to section 148 (3) of the Companies Act, 2013 and rule 6(2) of the Companies
(Cost records and Audit Rules) 2014 is not applicable to the Company.
24. DISCLOSURE UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION
AND REDRESSAL) ACT, 2013
In order to prevent sexual harassment of women at workplace your company has adopted a
Policy for prevention of sexual harassment of women at workplace and no such complaints
have been reported during the financial year under review.
25. CORPORATE SOCIAL RESPONSIBILITY
Considering the turnover/ net worth/ net profit, the provision of Section 135 of the
Companies Act, 2013, relating to Corporate Social Responsibility is not applicable to the
company.
26. RISK MANAGEMENT POLICY
The Company is exposed to several risks. They can be categorized as operational risk
and strategic risks. The Management has put in place adequate and effective system and man
power for the purpose of Risk Management.
The company has taken several mitigating actions, applied many strategies and
introduced control and reporting systems to reduce and mitigate the risks. A detailed
exercise is being carried out to identify, evaluate, manage and monitoring of both
business and non- business risks.
27. NOMINATION AND REMUNERATION POLICY
In terms of the provisions of the Companies Act, 2013 and the SEBI Listing Regulations
as amended from time to time, the policy on nomination and remuneration of Directors, Key
Managerial Personnel, Senior Management and other Employees has been formulated by the
Committee and approved by the Board by Directors. The objective of the Policy is:
i) to lay down criteria and terms and conditions with regard to identifying persons who
are qualified to become Directors (Executive/Non-Executive/Independent) and persons who
may be appointed in Senior Management and Key Managerial positions and to determine their
remuneration.
ii) to specify the manner for effective evaluation of performance of Board, its
committees, and individual directors to be carried out either by the Board, by the
Nomination and Remuneration Committee or by an independent external agency and review its
implementation and compliance.
iii) to recommend to the Board, appointment, and removal of Director, KMP and Senior
Management Personnel.
iv) to assist the Board in ensuring that the Board nomination process is in line with
the diversity policy of the Board relating to gender, thought, experience, knowledge, and
perspectives.
The remuneration has been paid as per the Nomination and Remuneration Policy of the
Company. The policy may be accessed on the website of the Company at the link
https://www.mersl.co.in.
28. INTERNAL CONTROL SYSTEM & THEIR ADEQUACY
The Company has an internal control system, commensurate with the size, scale &
complexities of its operations. Internal Control measures and systems are established to
ensure the correctness of the transactions and safe guarding of the assets. The Management
ensures adherence to all internal control policies and procedures as well as compliance
with regulatory guidelines. The audit committee reviews the adequacy of internal controls.
This has improved the management of the affairs of the Company and strengthened
transparency and accountability. During the year under review no reportable material
weakness in the design or operation were observed.
29. MANAGEMENT DISCUSSION AND ANALYSIS REPORT
Management Discussion and Analysis Report for the year under review as stipulated under
Regulation 34(3) read with Schedule V of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, is presented in a separate
section forming part of the Annual Report.
30. COMPLIANCE WITH SECRETARIAL STANDARDS
The Company has complied with Secretarial Standards issued by Institute of Company
Secretaries of India (ICSI) as and when it was applicable.
31. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS
No significant or material orders were passed by the Regulators or Courts or Tribunals
which impact the going concern status and Company's operations in future.
32. LOANS, GUARANTEES AND INVESTMENTS
As the Company is a Non-Banking Finance Company being engaged in the business of
financing and investment activities, provisions of Section 186 of the Companies Act, 2013
is not applicable to the Company.
However, the particulars of loans and investments made under Section 186 of the
Companies Act, 2013 during the financial year are provided in the Notes to the Financial
Statements.
33. INVESTOR EDUCATION AND PROTECTION FUND (IEPF):
There were no amounts which were required to be transferred to the Investor Education
and Protection Fund by the Company during the year under review.
34. INSOLVENCY AND BANKRUPTCY CODE
The Company has neither made any application nor any application is pending under the
Insolvency and Bankruptcy Code, 2016 (31 of 2016), hence the requirement to disclose the
details of application made or any proceeding pending under Insolvency and Bankruptcy
Code, 2016 (31 of 2016) during the year along with their status as at the end of the
Financials year is not applicable.
35. LISTING
The Equity Shares of the company are listed on BSE Limited (BSE). The Company is
regularly paying listing fees to the BSE. Since last several years the Calcutta Stock
Exchange Limited (CSE) is a non-operational Exchange and do not provide any trading
platform to the investors of the Company. The Board of Directors at its meeting held on
13th August, 2018 has approved voluntary delisting of the shares from CSE which is a
defunct stock exchange.
36. GENERAL BODY MEETING:
Location & Time of Last 3 Annual General Meetings:
| AGM |
Date |
Venue |
Time |
No. of Special Resolutions |
| 29th |
29th September, 2023 |
Through Video Conferencing |
12:30 P.M. |
None |
| 28th |
13th September, 2022 |
Through Video Conferencing |
12:30 P.M. |
One |
| 27th |
30th September, 2021 |
Through Video Conferencing |
12:30 P.M. |
None |
At the above-mentioned meetings, all the Resolutions were passed with requisite
majority. No Resolution was passed during the financial year ended 31st March, 2024
through Postal Ballot.
37. GENERAL SHAREHOLDER INFORMATION
(i) Ensuing Annual General Meeting Details:
| Day & Date |
Monday, 30th September, 2024, 12.30 P.M. |
| Venue |
The Annual General Meeting shall be held through Video Conferencing ('VC')/Other
Audio-Visual Means ('OAVM') facility and the deemed venue for the 30th AGM shall be the
Registered Office of the Company |
| Time |
12:30 p.m. |
| Book Closure Date |
Tuesday, 24th September, 2024 to Monday, 30th September, 2024 (both days inclusive) |
(ii) The financial year of the Company covers 1st April, 2023 to 31st March, 2024.
(iii) Listing of Shares on Stock Exchanges with Stock Code
| STOCK EXCHANGE |
STOCK CODE |
| Bombay Stock Exchange Ltd. Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400 001
Telephone nos. : 022-2272 1233/34 Facsimile no. : 022-2272 1919 website : www.bseindia.com |
511688 |
(a) ISIN No. for the Company's ordinary shares in demat form: INE963B01019
(b) Depository Connectivity: NSDL and CDSL.
(iv) DISTRIBUTION OF SHARE HOLDING AS ON 31st MARCH 2024:
(a) ACCORDING TO CATEGORY OF HOLDING:
| Category of Shareholders |
No. of shares held |
% of holding |
| Promoters |
2080343 |
31.28 |
| Bodies Corporate Non - Promoters |
Nil |
Nil |
| Institutional Investors |
Nil |
Nil |
| Mutual Funds & UTI |
Nil |
Nil |
| Banks, FIs, Insurance Companies FIIs' Others |
40476 |
0.61 |
| Private Corporate Bodies |
2171429 |
32.65 |
| Indian Public |
2274355 |
34.20 |
| NRIs/OCB |
33296 |
0.50 |
| Others (Clearing member) |
50101 |
0.76 |
| Total |
6650000 |
100.00 |
(b) ACCORDING TO NUMBER OF ORDINARY SHARES HELD:
| Shareholding |
Number of Share holders |
% to total Shareholders |
Number of shares |
% to total Shares |
| 1 To 500 |
3089 |
90.6397 |
351462 |
5.2851 |
| 501 To 1000 |
149 |
4.3721 |
125970 |
1.8943 |
| 1001 To 2000 |
55 |
1.6138 |
85106 |
1.2797 |
| 2001 To 3000 |
18 |
0.5282 |
45704 |
0.6873 |
| 3001 To 4000 |
13 |
0.3814 |
47107 |
0.7084 |
| 4001 To 5000 |
11 |
0.3228 |
48930 |
0.7358 |
| 5001 To 10000 |
27 |
0.7923 |
211768 |
3.1845 |
| 10001 To 50000 |
24 |
0.7042 |
543252 |
8.1692 |
| 50001 To 100000 |
8 |
0.2347 |
537492 |
8.0826 |
| 100001 AND ABOVE |
14 |
0.4108 |
4653209 |
69.9731 |
| Total |
3408 |
100.00 |
6650000 |
100.00 |
38. ACKNOWLEDGEMENT
Your Board wishes to place on record its sincere appreciation for the wholehearted
support received from members, government authorities, bankers, employees, consultants and
all other business associates. We look forward to continued support of all these partners
in progress.
|
|
For & on behalf of the Board |
| Place: Kolkata |
Beda Nand Choudhary |
Pritha Sinha Pandey |
| Date: 14th August, 2024 |
(DIN - 00080175) |
(DIN -07016238) |
| Registered Office: |
Whole-time Director |
Director |
| Raj Kamal Building, 1st Floor |
|
|
| 128, Rash Behari Avenue |
|
|
| Kolkata - 700029 |
|
|
