To
The Members,
Your board of directors has pleasure in presenting the 28th Annual Report
together with the Audited Statement of Accounts of the Company for the financial year
ended 31st March 2025.
The Financial Results of your company for the year ended on 31st March 2025
are as follows:
| Year Ended March 31st |
2025 |
2024 |
| Sales and Other Income |
11,072.51 |
8,678.61 |
| Expenditure |
11,014.00 |
8,973.55 |
| Depreciation & Amortization |
115.29 |
139.67 |
| Profit/(Loss) before Exceptional & Extra Ordinary Items |
(56.78) |
(262.95) |
| Exceptional Items Income/(Expenses) |
0.00 |
0.00 |
| Extraordinary Items |
0.00 |
0.00 |
| Profit/(Loss) before Tax |
(56.78) |
(262.95) |
| Tax Paid for Earlier Year |
0.00 |
0.00 |
| Provision for Deferred Tax |
(8.90) |
(4.56) |
| Other Comprehensive Income/(Loss) |
0.00 |
0.00 |
| Profit/(Loss) After Tax |
(65.68) |
(258.39) |
Performance of your Company
The Indian textile and apparel sector witnessed a moderate recovery in FY 2024-25.
Domestic demand remained firm, especially in urban apparel, technical textiles, and home
furnishings. Export growth, however, was sluggish due to global headwinds, particularly
from Europe and the US. Exports of textiles and apparel touched approximately $47.5
billion, a marginal growth over FY 2023-24, driven primarily by value-added garments and
sustainable product categories.
The Company has in place adequate internal control systems commensurate with the size
and nature of its operations. These systems ensure accuracy in financial reporting,
operational efficiency, and legal compliance. The Audit Committee periodically reviews the
internal audit findings and corrective actions are taken accordingly.
On the other hand, continuous Efforts of the Management of your company resulted to
increase to some extent the textile segment of the company. Further company has settled or
in process of settlement of secured/unsecured Loans of Banks. The Management of your
company also committed to face all the challenges and exploit the available opportunities
and take your company to new heights.
Operations
Results of the Company for the last financial year are as follows; Total revenue for
the year ended 31st March, 2025 has been increased to Rs. 11,072.51 lakhs as
compared to previous year's Rs. 8,678.61 lakhs. Hence there was a increase of 26% to 27%.
The operating profit/(loss) before tax and 18 exceptional items is Rs. (56.78) lakhs. The
net profit/(loss) for the year after current year tax and deffered tax is Rs. (65.68)
lakhs as compare to net loss of Rs. (258.39) lakhs in the previous financial year before
exceptional items.
Dividend
The Board of Directors of the Company does not recommend any dividend for the financial
year ended 31st March, 2025.
Unclaimed Dividends:
Company has not paid any dividend in last considerable years so the applicability of
different rules, act and regulation is not applicable.
Reserves
Disclosure on particulars relating to Reserves, if any, is provided in the financial
statements annexed herewith.
Management Discussion and Analysis Report
Management Discussion and Analysis Report for the year under review, as stipulated
under Regulation 34 and Schedule V of the SEBI (LODR) Regulations, 2015 as amended from
time to time is presented in a separate section forming part of the Annual Report.
(Annexure-I)
Indian Accounting Standard (Ind AS)
Company has adopted Indian Accounting Standards (IND AS) prescribed under section 133
of the Companies Act, 2013, read with the relevant rules issued thereunder as amended from
time to time and accordingly, Financial Results of 2024-25 have been prepared in
accordance with the recognition and measurement principals laid down in Ind AS 34
"Interim Financial Reporting" and the other accounting principles generally
accepted in India. The Impact of transition has been accounted for in the opening reserves
and the comparative figures have been reinstated accordingly.
Segment Reporting
Company has income from single segments i.e.; Textile segment during the year and the
Financial Statements has been prepared in accordance with the recognition and measurement
principles laid down in Ind AS 34 “Interim Financial Reporting” and other
accounting principles generally accepted in India, as amended from time to time.
Fixed Deposit
No Fixed Deposits was held by the company as on 31st March 2025.
Listing and ISIN
Equity Shares of the Company are listed at BSE Limited (BSE), Mumbai and National Stock
Exchange of India Limited (NSE), Mumbai. The Annual Listing Fees for the Financial Year
2025-26 has already been paid by the Company to both the stock exchanges.
The Company's shares are compulsorily traded in De-Materialized form.
The ISIN for fully paid-up equity shares is INE353H01010.
Share Capital
There was no change in the Authorized Share Capital of the Company during last
financial year and it remains unchanged at Rs.42,00,00,000/- (Forty-Two Crores only)
divided into 4,20,00,000 (Four Crores Twenty Lakhs) Equity Shares of Rs. 10/- (Rupees Ten)
each.
The paid-up share capital of the Company as on 31st March 2025 was showing
at Rs. 27,22,42,585/- consisting of 26990915 fully paid-up Equity shares of Rs.10/- each
and 461765 partly paid up Equity Shares of Rs. 5/- each as it is shown on MCA, BSE, NSE,
NSDL & CDSL (some partly paid shares matter is still pending).
Address of Corporate Office
At present the Corporate Office of the company is situated at Plot No.207-208,
Sector-58, Faridabad- 121004, HR (India). All the Shareholders of the Company are
requested to please take a note of the same.
Material Changes and Commitment
There were no material changes and commitments affecting the financial position of the
Company occurred during the Financial Year ended as on 31st March, 2025 to which this
financial statement relates on the date of this report.
Directors & Key Managerial Personnel
Further there was some changes in Composition of Board of Directors during the last
financial year. Mr. Armaan Aggarwal (DIN: 10213418), Executive Director appointed on the
Board of Directors w.e.f. 13th August, 2024. Mr. Manav Rastogi (DIN: 01055505),
Non-Executive Director of the company resigned from the Board of Directors of the Company
w.e.f. 13th August, 2024. Ms. Anjana Mehra (DIN: 07071868), who served as an
Independent Woman Director of the Company from January 17, 2015 has concluded her tenure
as an Independent Woman Director on the board of the Company. Her term officially ended
from the close of business hours on January 16, 2025, following completion of her second
term.
Ms. Payal Garg (DIN: 10888198) appointed as an Additional Non-Executive Independent
Woman Director on the Board of Directors of the Company with effect from 16th
January, 2025.
At present the total strength of the Board of directors is six directors. Out of which
three are Executive Directors and three are Non-Executive Independent Directors.
Retirement by Rotation
In the company there are three rotational directors at present. In accordance with the
provisions of Section 149(13) of the Companies Act, 2013, which states that the provision
of sub-sections (6) and (7) of section 152 in respect of retirement of Directors by
rotation shall not apply to the appointment of Independent Directors. Hence two directors
shall be liable to retire by rotation in the forthcoming 28th AGM out of which
one director shall be retire in the ensuing 28th AGM. So, Mr. Vinod Kumar
Aggarwal (DIN: 00170712), Managing Director of the Company shall retire by rotation at the
forthcoming 28th Annual General Meeting (AGM) and being eligible, he has
offered himself for reappointment. A brief resume of director, containing their age,
qualifications and experience is already given in the annexure to the notice convening
ensuing 28th Annual General Meeting.
The resolution contained at Item No. 2 of the notice is being proposed for his
re-appointment as director at the ensuing Annual General Meeting of the Company. The board
recommends his reappointment.
Declaration by Independent Directors
STL Global Limited abided by definition of Independence as per Regulation 17 of SEBI
(Listing Obligations & Disclosure Requirements) Regulations, 2015 and according to the
Provision of Section 149 (6) of the Companies Act, 2013 as amended from time to time. The
company has also obtained declarations from all the Independent Directors pursuant to
section 149 (7) of the Companies Act, 2013.
Company's Policy relating to Director's appointment, payment of remuneration and
discharge of their duties
Your Company has adopted a Nomination and Remuneration Policy on Directors Appointment
and Remuneration including criteria for determining qualifications, positive attributes,
independence of a director and other matters as provided under Section 178(3) of the
Companies Act, 2013 and Regulation 19 of SEBI (Listing Obligations and Disclosure
Requirements) Regulation, 2015 as amended from time to time. The Nomination and
Remuneration Policy is available on the website of the company at www.stl-global.com.
Loans, Investment and Guarantees by the Company
Disclosures on particulars relating to Loans, guarantees or investments under Section
186 of the Companies Act 2013, if any, is provided as annexures of financial statements.
Secretarial Audit
Pursuant to the provisions of Section 204(1) of the Companies Act, 2013 and Rule 9 of
the Companies (Appointment and Remuneration Personnel) Rules, 2014 and other applicable
provisions, if any, of the Companies Act, 2013 as amended from time to time, the Company
has appointed M/s Vijay Mourya & Associates, a Company Secretary Firm to undertake the
Secretarial Audit of the Company for the Financial Year 2024-25. The Secretarial Audit
Report (Form MR-3) for the Financial Year 2024-25 is annexed herewith as part of
Director's Report as (Annexure-II).
Director's Responsibility Statement
To the best of knowledge and belief and according to the information and explanations
obtained by them, your Directors make the following statement in terms of Section 134(3)
(c) of the Companies Act, 2013 as amended from time to time:
1. That in the preparation of the annual accounts, the applicable accounting standards
have been followed along with proper explanations relating to material departures.
2. 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 on 31st
March 2025 and of the profit or loss of the company for the year ended on that date.
3. That the directors have taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of Companies Act, 2013 for
safeguarding the assets of the company and for preventing and detecting frauds and other
irregularities.
4. That the directors have prepared the annual accounts on a Going Concern Basis.
5. That the directors have laid down internal financial controls are adequate and were
operating effectively.
6. That the directors have devised proper system to ensure compliances with the
provisions of all applicable laws and that such systems were adequate and operating
effectively.
Internal Control Systems and their Adequacy
Your Company has adequate systems of internal control covering all financial and
operational activities. The internal control is designed to provide reasonable assurance
with regard to maintaining proper accounting controls, protecting assets from unauthorized
losses and ensuring reliability of financial and operational information and proper
compliance with regulations. The internal control system of the company is monitored and
evaluated by the internal auditor and the senior management of the company. In the opinion
of the Board, an internal control system adequate to the size of the Company is in place.
Subsidiary Companies
The Company does not have any subsidiary company at present.
Auditors and Auditor's Report
Pursuant to Section 139 of the Companies Act, 2013, rules made there under, the Board
of Directors on the recommendation of the Audit Committee has appointed M/s M. M. Goyal
& Co., Chartered Accountants (FRN: 007198N) as Statutory Auditor of the Company in the
25th Annual General Meeting (AGM) of the Company held on September 30, 2022 to
hold office for a period of five years till the conclusion of 30th Annual
General Meeting (AGM).
Notes to the accounts referred to in the auditor's report are self-explanatory and
therefore do not call for any further comments.
Cost Audit
As per the requirement of Central Government and pursuant to Section 148 of the
Companies act, 2013 read with the Companies (Cost Records and Audit) Rules, 2014 as
amended from time to time, company is not required to carry out audit of cost records.
Internal Audit:
The Board of Directors of the Company has appointed Mr. Naveen Kumar, Chartered
Accountant (Membership No. 505899) proprietor of M/s Naveen Brahmanand & Co.,
Chartered Accountants (FRN: 023923N) as an Internal Auditor of the Company for the F.Y.
2024-25, who has conducted the audit and submits their report on time to time before the
Audit Committee and Board including action taken reports on the findings and
discrepancies, if any.
Board Evaluation:
During the year, Board of the Directors of the Company has made performance evaluation
of the Promoter Directors and Independent Directors of the Company. Evaluation was made on
the basis of following assessment criteria:
i) Attendance in Board meeting, active participation in the meeting and giving inputs
on time in the minutes.
ii) Stick to ethical standards and code of conduct of the Company and timely submission
of disclosure of interest.
iii) Interpersonal relationship with other directors and management.
iv) Active contribution for the benefit of the Company
v) Compliances with policies. Immediately reporting fraud, violation, statutory matters
etc.
The overall performance of the Board and Committees of the Board was found
satisfactory. CORPORATE SOCIAL RESPONSIBILITY (CSR)
Your Company sincerely believes that growth needs to be sustainable in a socially
relevant manner. Today's business environment especially in India demands that Corporates
play a pivotal role in shouldering social responsibility. Companies Act, 2013 has
introduced Corporate Social Responsibility (CSR) provisions.
As per Section 135(1) of the Companies Act, 2013 and other applicable provision, rules
and schedules of Companies Act, 2013 as amended from time to time provides that every
company having net worth of Rs. 500 Crore or more, or turnover of Rs. 1,000 Crore or more
or a net profit of Rs. 5 Crore or more during the immediately preceding financial year
shall constitute a Corporate Social Responsibility (“CSR”) Committee.
The net profit/loss of the Company computed as per Section 198 of the Companies Act,
2013 for the applicability of CSR, during the immediately preceding financial year i.e.,
F.Y. 2024-25 was below the threshold limit which is applicable for CSR i.e., Rs. 5 crores.
Hence provision of CSR as per section
135(1) of the Companies Act, 2013 and rules provided thereunder as amended from time to
time is not applicable to the company.
Company will do the CSR activities once it falls under the purview of CSR.
Although Company has continued Corporate Social Responsibility (CSR) Committee which
comprises Mr. Vinod Kumar Aggarwal, Mr. Sanjiv Kumar Agarwal and Ms. Anjana Mehra,
Directors of the Company during the financial year 2024-25
Particulars regarding Conservation of Energy, Technology Absorption and Foreign
Exchange Earnings and Expenditure
Information on Conservation of energy as required to be disclosed under section 134
(3)(m) of the Companies Act 2013, read with Rules 8 of Company (Accounts) Rules, 2014 is
provided as under:
A. Conservation of Energy
During last financial year also, the Company has made continuous efforts in order to
ensure optimum utilization of fuel and electricity.
a. Energy conservation measures taken:
Your Company has been continuously making its best efforts for energy conservation like
Energy saving tubes and other ‘less electricity consuming' electronic devices are
installed in the Plant in a phased manner for this purpose. The Department wise monitoring
of energy consumption is regularly conducted in order to save power cost and for optimum
utilization of available resources.
b. The relevant data in respect of energy consumption is given below:
FORM - A
| (a) Power and Fuel Consumption |
Current Year (2024-25) |
Previous Year (2023-24) |
| Electricity Purchased Units (Nos) |
49,55,274 |
44,52,030 |
| Total Cost (Rs.) |
3,95,42,670 |
3,62,65,919 |
| Rate per Unit (Rs.) |
7.98 |
8.15 |
| (b) Own Generation- (Through D.G. set) |
|
|
| Generated Units (Nos) |
32138 |
7066 |
| Diesel Cost (Rs.) |
971850 |
2,13,880 |
| Diesel Cost Per Unit (Rs.) |
30.24 |
30.27 |
B. Technology Absorption, Research & Development
Stl Global Limited is working with best available technology in all of its production
activities viz. knitting, dyeing etc. The Company has a full time specialized and
dedicated, independent Research & Development department for its production divisions,
which regularly provide suggestions for reducing the cost of production and improving
quality of products. The present technology is also being updated from time to time as and
when required and the company is also taking full advantage of implementation of
information technology through the plant-wide network for quicker decision making and
faster preventive actions.
C. Foreign Exchange Earnings and Outgo
Particulars regarding foreign exchange earnings and expenditure, if any are annexed
hereto as (Annexure - III) and forms part of this Director's Report.
Cautionary Statement
Your Company's Director's Report contains some forward-looking statements which may be
identified by use of words like expect, anticipate, believes, intends, projects, plans or
other words of similar meaning. These forward-looking statements are based on certain
assumptions and expectations of future events. The company cannot guarantee that these
assumptions and expectations are accurate or will be realized. Company assumes no
responsibility to publicly amend, modify or revise any of the forward-looking statement on
the basis of any subsequent developments, information or events.
Management is also of the opinion that quarter to quarter performance comparison would
not be an ideal way of reviewing the Company's performance in view of the changing
transaction dynamics which might result into some of the key assignments getting stretched
and the incidence of the revenues may either pass over to next quarter or pushed on to a
longer time scale than anticipated.
Extract of Annual Return
Pursuant to Section 92(3) read with Section 134(3)(a) of the Companies Act, 2013 as
amended from time to time the extract of the Annual Return in Form MGT-7 for the financial
year 2024-25 will be accessed in the due course of time on the website of the company at
www.stl-global.com.
Particulars of Contracts or Arrangements with Related Parties referred to in section
188(1) of the Companies Act, 2013.
All related party transactions that were entered and executed during the year under
review were at arms' length basis. As per the provisions of Section 188 of the Companies
Act, 2013 and Rules made thereunder read with Regulation 23 of SEBI (Listing Obligations
& Disclosure Requirements) Regulations, 2015 as amended from time to time, Company had
obtained prior approval of the Audit Committee under omnibus approval route and / or under
specific agenda before entering into such transactions.
The policy on materiality of Related Party Transactions as approved by the Board of
Directors is uploaded on the website of the Company i.e. www.stl-global.com. In compliance
with Section 134(3) of the Companies Act, 2013, particulars of contracts or arrangements
with related parties referred to in Section 188(1) of the Companies Act, 2013 are
enclosed, in the Form AOC-2, as a part of this report (Annexure-IV)
Corporate Governance
Your Company believes that Corporate Governance balances the interest of all
stakeholders of a company and satisfies the tests of accountability, transparency and fair
play. Corporate Governance is the combination of voluntary practices, disclosures and
compliance with laws as may be applicable to the company leading to effective control and
management of a Company.
Your Company philosophy on Corporate Governance is to operate for the benefit of all
its stakeholders, including shareholders, customers, lenders, creditors, employees,
government authorities and the community and to conduct its business in a transparent,
ethical and fair manner. Your Board of Directors considers itself the trustee of Company's
shareholders and always aims at maximizing the shareholders' value and protecting the
interest of all other stakeholders.
The report on Corporate Governance is annexed and forms part of this Directors' Report
(Annexure - V).
STL Global Limited has been complying with the requirements of Corporate Governance as
stipulated under Regulation 27 and Schedule II of SEBI (Listing Obligations &
Disclosure Requirements) Regulations, 2015 as amended from time to time. The copy of
certificate obtained from Statutory Auditor's of the Company dated 29.05.2025 confirming
the compliance of the conditions of Corporate Governance by the Company is also attached
with this report.
Number of Board Meeting
During the financial year 2024-25, six meetings of the Board of Directors were held,
the details of which are given in the Corporate Governance report annexed herewith and
forms part of this Director's Report.
Formation of various Committees
Details regarding various committees constituted by the Board of directors are given in
the Corporate Governance Report annexed herewith and forms part of this Director's Report.
Sexual Harassment at Workplace (Prevention, Prohibition and Redressal) Act, 2013
Your Company and its Management has always believed in providing a safe and harassment
free workplace for every employee/individual working in the company through various
interventions and practices. The company always endeavors to create and provide an
environment that is free from discrimination and harassment including sexual harassment.
Proper awareness programs, whenever required were carried out against sexual harassment.
During the financial year 2024-25 in the Company no complaints pertaining to sexual
harassment was received.
SAFETY, HEALTH AND ENVIRONMENT
SAFETY
Your Company believes that safety is an integral part in the efficient business
management; hence it has benchmarked its processes to the highest standards of safety.
Adequate Controls are made at workstation to safeguard the interest of employees. Prompt
and regular efforts with respect to safety, training and education are your company's
commitment to the safety. The employees working on the production floor are required to
undergo a mandatory training in their respective department. Also, various other efforts
are being taken continuously for improving safety at the plant and these efforts include
continuous safety trainings with internal & external faculties, on-the-job training
for technicians and safety awareness among employees etc.
HEALTH
Your Company has built sufficient infrastructure in order to provide necessary medical
care to the employees working at all levels. The medical checkups are also done before
recruitment of any new person. A first-aid box is always available in all the departments
and normal medical checkups are regularly conducted. The employees are also imparted with
health education from time to time. The company is committed to safe and healthy life of
its employees.
ENVIRONMENT
STL Global Limited and its management are fully committed to provide a safe and healthy
working environment inside the Company as well outside. The Company regularly complies
with all rules & regulations regarding protection of the environment of its outside
surrounding area. Your Company is also committed to prevent wasteful use of natural
resources and to minimize the dangerous impacts of any of its activities e.g. production,
development, use & disposal of products and other services on the environment. The
Company always ensures that highest standards of environmental management are being
maintained. The company regularly participates in plantation activity in the vicinity.
SHE COMMITTEE
The Company had a SHE Committee (Safety, Health & Environment Committee) that
comprises of members from the senior management, HR Department of Company. The SHE
Committee is mainly responsible for ensuring safe and healthy environment within the
Company and its neighboring area, and also for complying with all applicable regulatory
requirements in this regard.
Company is also fully committed to make its contribution in the Social and Economic
Development of the community located in vicinity of its operations and to provide
assistance for improving the quality of their life and optimum utilization of resources.
Particulars of Employees
A. The information required under section 197(12) of the Companies act, 2013 read with
rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014 are given below:
1. Ratio of the remuneration of each director to the median remuneration of the
employees of the company for the financial year ended 31st March, 2025:
| Name of Director |
Designation |
Remuneration (Per Month) |
Ratio |
| 1. Mr. Vinod Kumar Aggarwal |
Managing Director |
1,00,000/- |
5.00 |
| 2. Mr. Sanjiv Kumar Agarwal |
Whole Time Director |
1,65,000/- |
8.25 |
| 3. Mr. Armaan Aggarwal |
Executive Director |
50,000/- |
2.50 |
| 4. Ms. Payal Garg* |
Non-Executive Woman Independent Director |
N.A. |
N.A. |
| 5. Mr. Mukesh* |
Non-Executive Independent Director |
N.A. |
N.A. |
| 6. Mr. Sanjeev Kumar* |
Non-Executive Independent Director |
N.A. |
N.A. |
*All the Non-Executive Non-Independent and Independent Directors of the Company were
not paid any remuneration and were paid only sitting fee for attending the meetings of the
Board/Committee of Directors. Therefore, the said ratio of remuneration of each director
to median remuneration of the employees of the company is not applicable.
The Median remuneration of the employees for the Financial Year ending on 31st
March, 2025 is Rs. 2.40 Lakhs per year and 20,000/- per month.
2. The percentage increase in remuneration of each director, Chief Financial Officer,
Chief Executive Officer, Company Secretary or Manager, if any, in the financial year:
During the financial year 2024-25 there was increase in the remuneration of Company
Secretary and Managers of different departments upto 10% to 15%.
3. The percentage increase in the median remuneration of employees in the financial
year 2023-24: There is decrease in the median remuneration of employees during the year
because number of employees increased during last year in the Company.
4. The number of permanent employees on the rolls of the Company: 283 Employees
5. Average percentile increases already made in the salaries of employees other than
the managerial personnel in the last financial year and its comparison with the percentile
increase in the managerial remuneration and justification thereof and point out if there
are any exceptional circumstances for increase in the managerial remuneration: During the
last financial year there was increase in the remuneration/salary of the employees and
managerial remuneration upto 10% to 15%.
6. The key parameters for any variable component of remuneration availed by the
directors: The Executive Directors have not availed any variable component of
remuneration.
7. Affirmation that the remuneration is as per the remuneration policy of the company:
It is affirmed that the remuneration paid is as per the remuneration policy of the
company.
B. Top Ten Employees (including Directors) information as per Rule 5(2) of Chapter
XIII, the Companies (Appointment and Remuneration of Managerial Personnel) rules, 2014 in
terms of salary as on 31st March, 2025 are given below:
| Name of Employees |
Designation |
Salary per month (In Rs.) |
| 1 Mr. Sanjiv Kumar Agarwal |
Whole Time Director |
1,65,000 |
| 2 Mr. Ranjeet Kumar |
Plant Manager |
1,00,000 |
| 3 Mr. Vinod Kumar Aggarwal |
Managing Director |
1,00,000 |
| 4 Mr. Anil Jodhani |
Chief Financial Officer (CFO) |
1,00,000 |
| 5 Mr. Sanjay Kumar Gupta |
General Manager of Production |
95,000 |
| 6 Mr. Arvind Kumar |
General Manager of Maintenance |
94,000 |
| 7 Mr. Anil Tiwari |
Marketing Manager |
75,000 |
| 8 Mr. Subhash Chand |
Marketing |
75,000 |
| 9 Mr. Vinod Kumar Sharma |
Knitting Manager |
72,000 |
| 10 Mr. G.S Chauhan |
Manager P&A |
70,000 |
C. The information required under section 197(12) of the Companies act, 2013 read with
rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014 are given below:
None of the employee has received remuneration exceeding the limit Rs. 1.20 Crore per
annum when employed for full year and Rs. 10 lakhs per month, when employed for a part of
the year, as stated in section 197(12) of the Companies act, 2013 read with rule 5(2) of
the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 as
amended from time to time.
Other Matters
The Company has neither made any application nor any proceedings is pending against the
Company under the Insolvency and Bankruptcy Code, 2016 as amended from time to time.
The clause (xii) of Rule 8 of sub-rule 5 of Companies (Accounts) Rules, 2014 and
including amendments made to this rule till date is not applicable on the Company.
Personnel
Your Company's Board of Directors and Management once again sincerely acknowledge the
devotion of all the employees of the company, who have contributed in the performance
& development of the company. Company treats its employee like its asset. The
Company's relations with employees are always cordial, the employees are regularly
provided with internal & external trainings and more responsibility is being entrusted
to them thereby involving them in day-to-day decision making. The true spirit of trust,
commitment, dignity, transparency and opportunity to explore & achieve their dreams
gives the employees an encouragement and yearning to perform better.
Acknowledgement & Appreciation
In today's world no company can grow without the support of their employees. The
company's growth is achieved with the continuous support of all the stakeholders. Your
directors once again take this opportunity to first of all thank all the employees of the
Company for their hard work, dedication, cooperation and support rendered towards the
Company.
STL Global Limited board of directors also wants to express its gratitude towards the
Company's Bankers, Financial Institutions, Central and State Government Authorities &
Officials, Customers, Vendors, Traders, Solicitors, Advisors and to our well wishers for
their support and co-operation during the period under review. And also, to you, our dear
shareholders, we are extremely grateful for your continuous support and confidence.
For and on behalf of the Board of Directors
| Sd/- |
Sd/- |
|
| Vinod Kumar Aggarwal |
Sanjiv Kumar Agarwal |
Date: 08-08-2025 |
| (Chairman & Managing Director) |
(Whole Time Director) |
Place: Faridabad |
| (DIN:00170712) |
(DIN: 00227251) |
|
