ADVY CHEM ICAL PRIVATE LIMITED

NOTICE

111
Notice is hereby given that the8 Annual General Meeting of the Compa ny is scheduled to be held at
the Registered Office of the Company situated at I t 11 Floo r, lloechst I louse,Nariman Point, Mumbai,
·1 0002 1 on Friday, 28 111 Scptember,20 18 at 11 .00 a.m. to tran sact the l'o llowi ng business:

Ordinary Business

l. To recei ve, consider and adopt the Audited Balance Sheet as at 3 l ' 1 March, 2018 and the
Profit and Loss Account for the year ended on that date together with the Directors· ami
Auditors' Reports thereon.

~' ':\ For· and on behalf of the Board of Oirector·s 0~J~ic:.;;~.

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Director Director·
DIN: 00011518 DIN: 02897197

Date: 04 111 Septcmber 2018

Place:
Re!!.istered Office:
i 7 1ii'j;. l~;~)r.· ll~e~l;st ~ lousc,Nariman Point,
Mumbai- 400021.
 ...
Notes:

a) A. Member entitled to attend and vote is entitled to appoi nt a proxy to attend and vote
in stead of himse lf and the proxy need not be a member of the Company.

b) Prox ies, in order to be effective, shou ld be duly completed, stamped and must be
deposited at the Registered Office of the Company not less than 48 hours before the
meeting.

For and on behalf of the Board of Directors ~

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Mr. Bharat Vinod Daftary Mr. Siddhart\h B'barat Daftary~
Director Director
DIN: 00011518 DIN: 02897197

111
Date: 04 September 20 18

Place:

~~~istQr~d_Qf[i_~:
11
17' Floor, lloechst f louse,
Nariman Point,
M umbai- 40002 1
 ADVY CHEMICAL PRJ VA TE LIMITED

DIRECTORS' REPORT

Dear Shareholders,

The Board o f Directo rs is pleased to present the 8111 Annua l Report o n the bu s iness and operations or·
yo ur Company along with the audited financia l statements for the !inancial year ended 3 Is l March.
20 18. T he State me nt of Accou nts, Auditors' Report, Board 's Report a nd attachme nt the reto have
been prepared in accordance with the provisions conta ined in Section 134 of Companies Act, 2013
a nd Rule 8 ofthe Companies (Accou nts) Rules, 20 14.

1. FINANCIAL RESU LTS:

The Company's fina nc ial performance fo r the year e nded Marc h 3 I, 2018 summari zed
below:

Particula
- -rs. .
._
___J-l_____
. __ 2017-18 2016-17
Gross Total Income 407,3 76.106 38.37,92.81 7

Profi t Befo re Tax 40,495,2 11 31.14,86 1

Less : Taxation for the

Year
--- ·-- .. - ·------ -- - -- - -
C urre nt Tax 52,5 I ,400
--
Deferred Tax (826,680) ( 16. 15,449)

Earlier year's Tax (24,466) 4,400,254 67 ,7 14 ( 15,47,735)

ad justme nt
Net Profit for the Year 36,094,957 46,62,596

2. RESERVES

During the year under rev iew, yo ur Company has not transfe rred any amo unt to the Ciene ra l
Reserves.

3. PERFORMANCE AND AFFAIRS OF THE COMPANY

During the financial year 20 I 7 - I 8. yo ur Company ach icved a sales tu rnover of Rs. ll.073. 76
lakhs compared to a turnover of Rs. 3,837.92 lakhs d uring the prev ious year. The Compa ny
earned a Net Pro fit A fter Tax of Rs360.95 lakhs for the year e nded 3 Is l March, 2 018 as
compared to Rs. 46.63 lakhs for the prev ious year. Your directors a re confident of an
improved financ ial pe rformance during the comin g fi na nc ial year

4. OIVIOF:ND
... ..
In view of the planned bu s iness growth, yo ur Directors deem it proper to conserve the
resources o f the Co mpany for its acti v iti es and therefore, do not propose any dividend for the
fi na ncia l year e nded 31 s l March, 2018.

5. The bus iness growth of the Company in the c urre nt financ ia l year 2018-19 was satisfactory.
The Company e xpects to achieve better performa nce during the c urrentyear.
 6. CHANGF:S IN NATUR.fi: OF BUSINESS AND IU:YISION IN THE BOARD'S
REPORT

There is no change in the nature of business of the Company du ring the year.

7. REPORT ON PI•:RFORMANCF. OF SUBSIDIARIES, ASSOCIAT.fi:S AND .JOINT

VENTURE COMPANIES

As on 31st March, 2018, your Company has a subsid iary in Japan, ''Advy Japan Cn. I.td.".
The Statement pursuant to Section 129 (3) of the Companies Act, 2013 in Form AOC- 1 is set
out as Annexure "!\.'' and forms part of this Report.

8. PUBLIC DEPOSITS

Your Company has neither invited nor accepted any deposits with in the meaning of Section
73 and 76 of the Companies Act, 2013 and the Compan ies (Acceptance of Deposits) Rules,
2014.

9. DIIU:CTORS AND KF.Y MANAGERIAL PERSONNEL

(i) Directors

There is no change in the compos ition of the Board of Directors.

(ii) Key Managerial Personnel

The prov ision of Sectio n 203 of the Companies Act, 2013 regard ing appoi ntment of Key
Managerial Personnel is not applicable to your Company. The Company has not ap pointed
any Key Managerial Personnel during the year.

10. NUMBER OF BOARD MF.KTINGS

During the Financial year, total7 (Seven) meetings of the Board of Directors were held on
26 1hApri I'20 17,OJ'"J uly '20 17, 181hJ uly'20 17, I l'hA ugust '20 17, I l'hSeptember'20 I 7, IS'h
Decembcr'20 17, and 16th Feb '20 18.

11. DIRf:CTOR'S RI~SPONSIBILITY STATF.MF.NT

Pursuant to Sect ion 134(3)(c)of the Companies Act, 2013 the Directors state that:-

a. In the preparation or th e annua l accounts. the app licable accounting standards have been
followed along with proper exp lanation relating to material departures, if' any;

b. Appropriate accounting poli cies have been selected and applied consistently and have made
judgments and esti mates that are reasonabl e and prudent so as to give a true and fai r view or
the state of affairs of the Company as at 31st March.20 18 and o r the profit incurred by the
Company for the yea r ended on that date;

c. ~ r-ro per aod suflicic1;t care has been taken for the mai ntenance of adeq uate accounting records
in accord ance with the provis io ns of the Companics Act, 201 3 fo r safeguarding the assets of
the Company and for preventing and detectin g fraud and other irregul arities;

d. The annual accounts ha ve been prepared on a go ing concern basis;

c. Proper internal finan cial contro ls were fo llowed by the Company and that such internal
financial controls are adequate and were operating ciTccti vc ly:
,.

f. Proper systems to e ns ure compliance w ith the provisions o f all applicable laws and that such
system were adeq uate and o perating effecti vely.

12. VIGIL MECHANISM POLICY FOR THE DlRf:CTORS AND EMPLOYI•: F:S

The provision o f Section 177(9) of the Companies /\ct. 20 13 regarding Vigil Mecha nis m
Po licy for the Directors and Empl oyees is not applicable to your compan y.

13. RISK MANAGEMENT POLICY

T he Company has in place a mec hanism to identify. assess. monitor and m1t1gatc vario us
risks a ffectin g key bus iness o bjectives of the company. Major risks identified by the
businesses and functions arc systematicall y addressed through mit igating act ions on a
continuing basis.

14. CONSERVATION OF ENERGY, TKCHNOLOGY ABSORPTION AND FOREIGN

EXCHANGt<: li:ARNINGS AND OUTGO

T he pa rticulars as required under the provisions of Section 134(3)(m) of the Compan ies /\ct.
20 13 read with Rule 8 of the Compa nies (Accounts) Rules. 2014 in respect of Conservation
of Energy, Techno logy Abso rption is set out as Annexure " B" a nd fo rms part of this Report.

15. INTERNAL CONTROL SYSTKMS:

Adeq ua te intern a l control systems com mensurate w ith the nature o f the Company· s business.
s ize a nd complexity of its ope rations arc in place. It has been operating satisfactorily. Internal
control systems compris ing of policies a nd procedures arc desig ned to e nsure re liability o f
fin ancial reporting, timely feedback on achieveme nt of operatio nal and strategic goa ls.
compliance w ith policies. procedure, applica ble laws and regu la tions and that all assets and
resources arc acquired economica lly. used e fficientl y and adequatel y protected.

16. EXTRACT OF ANNUAL RETURN:

Extract of the An nual Return in form MC!T-9 for the financia l year ended 31 '' Ma rciL 20 I R
made under th e provisions of Sectio n 92(3) o f the Act is set out as ·'A nnexure C" whic h
fo rm s pa rt ofth is Report.

17. CORPORATE SOCIAL RESPONSIBILITY:

The prov is io n o f Sectio n 135 of the Companies Act, 2013 regardin g Corporate Social
Responsibility is not applicable to yo ur Company.

18. AUDITORS

(i) Statutory Auditor

The Statutory Auflitors of yo ur Company namely, M/s. P.RAJ & CO .. Cha rtered
~ 7\ccountants who were appo inted as Statutory Auditors of the Company in the last
An nua l General Meeting held o n 27 .09.2017 for a period o f 5 years contin ue to be the
auditors of the company for the year 20 18-19
 (ii) Auditor's Report

The Auditors' Report docs not contain any qualification. Notes to Accounts and Auditors
remarks in their rcpott are self-exp lanatory and do not call for any furth er comments.

(iii) Cost Auditor

The Company is not required to appoint Cost Auditor as it is not require~ to submit cost audit
re port pursuant to the prov ision of the Compani es (Cost Records and Audi t) Rules, 2014.

19. MATF:RIAL CHANGES AND COMMITMJ<: NTS, IF ANY AFFECTING THE

FINANCIAL POSITION OF THE COMPANY WHICH HAVE OCCURRED
BETWI~I<:N TIH: FINANCIAL YEAR END OF TIIF. COMPANY TO DATI<: OF TillS
REPORT

Except as di sc losed elsewhere in this repot1, no material changes and comm itments which
could affect the Company's financial posi tion have occurred between the end of the fin ancial
year of the Company and date of this rcpo tt.

20. ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFIW.ENCI•: TO

THE FINANCIAL STATEMENTS

The Internal Financial Controls with refe rence to financial statements as designed and
implemented by the Company arc adeq uate. During the year under review, no material or
serious observation has been received from the Internal Auditors of the Company r·or
inefficiency or inadequacy of such controls.

21. PARTIC ULARS OF LOANS, GUARANTEES, INVESTMENTS AND SJ<:CU RITIES

The Company has not given any loan or guarantee or provided any security or made any
investments in the Company during th e year under rev iew.

22. PARTICULAR OF CONTRACTS OR ARRANGI<:MENT WITH RELATJ<:I)

PARTH<:S

During the year under review there arc no transactions which arc covered under prov isions or
Section 188 of the Companies Act, 20 13 and hence Annexure AOC2 is not annexed to this
Repott. The related party transactions required to be captured vide Accounting Standard 18 is
disc losed in Note No.25 Explanatory Information and Other Add itional Notes Point No. 8
Related Party Disc losure.

23. DISCLOSURJ<: UNDER SJ<:CTION l97(J) OF THE COMPANIES ACT, 2013 AND
OTHF:R DISCLOSURES AS PER RUL~ 5 OF CO MPANIES (APPOINTMENT &
RKMUNERATION) RULES, 2014.

The Directors were paid Rs One Lakh as profess ional fees from the Company.

There were no employees, Managing Director or other Di rectors of the Company drawing
remuneration abov~ the limits prescribed under Section 197( 12) of the Companies t\ct, 20 I)
~ read with Rule 5 of the Compani es (Appointment and Remuneration ) Rules. 2014. nnd hence
disclosures as per the said Rules is not disc losed in this report.

24. GENJ<:RAL DIS C LOS U RJ<~ S

Your Directors state that no disclosure or reporting is req uired in respect of the follow ing
items as there were no transacti ons on these items during the year under review:

I. The Company has not iss ued any shares with differential rights and hence no information
as per provisions or Section 43(a)( ii) of the Act read with Rule 11-(4) of the Companies
(Share Capital and Debenture) Rules, 2014 is furni shed.
 2. The Company has not issued any sweat equity shares duri ng the year under rev iew and
hence no information as per prov isions of Section 54( I )(d) of the /\ct read with Rule
8( 13) of the Companies (Share Capital and Debentu re) Ru les, 2014 is fu rnished.

3. The Company has not issued any equity shares under Employees Stock Option Scheme
duri ng the year under rev iew and hence no information as per provision s or Section
62( I )(b) of the /\ct read w ith Rule 12(9) o f the Companies (Share Capital and Debenture)
Rul es, 2014 is furnished.

4. During the year under re view, there were no insta nces of non-exercising of voting righ ts
in respect of shares purchased directly by employees under a scheme pursuant to Section
67(3) of the /\ct read w ith Rule 16(4) of Compan ies (Share Capital and Debentures)
Ru les, 201 4 is furnished.

5. No orders have been passed by any Regu lator or Court or Tribunal w hich can have an
impact on the going concern status and the Company' s operations in future.

25. ACKNOWLI<: DGEMENT

Your Directors w ish to thank Company ' s Bankers, Governmen t authorities and various
stakeholders, such as, shareholders, customers and suppl iers, among others tor their support
and va luable gu idance to the Company.Your Directors also wish to place on record thei r
apprec iation for the committed services of all the employees of the Company.

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~- Mr. Bharat Vinod paftary Mr. Siddha1·th BIJarat Oaftai': Jt _:'"
Director Director
DIN: 00011518 DIN: 02897 197

111
Date: 04 September 20 18
Place:
R~isJ~re9_ Qff!~~ ~
11
I 7' Floor, ll ocehst House,
Nari man Poi nt,
Mumbai- 400021
 "ANNEXURE A"

Form AOC-1
(Pu rsuant to first proviso to sub-section (3) of section 129 read w ith rule 5 ofCompanies (Accounts)
Rules, 2014)

Statement containing salient features of the financial statement of subsidiaries/associate

companies/joint ventures

Part "A": Subsidiaries

(Information in respect of each subsidia1y to be presented with amounts in Rs.)

Sr. No. Particulars Details

I. Name of the subsid iary Advy Japan Co. Limited, Japan
2. Reporting period for the subsid iary 3 Is'March, 2018
concerned, if different from the holding
company's reporting period
3. Reporting currency and Exchange rate as JPY
o n the last date of the relevant Financial (INR~JPY as on3 1'' March, 20 18)
year in the case of foreign subsidiaries Rs. 61.54/ I 00 J PY
4. Share capita l ( Issued, Subscribed and JPY 83 ,00,000
Fully Paid-up)
830 Equ ity Shares of JPY I O.OOOeach, JPY 83.00,000
full y paid up.

Preference Shares. -

Total JPY 83 ,00,000

5. Reserves & surp lus J PY (7 8,74,769)

6. Total Assets (Both Non-Current and JPY 3,89,68,77 1
Current Assets)
7. Total Liabilities (Both Non-C urrent and JPY 3,85,43,540
Current Liabi Iitics)
8. Invcstmcnts Nil
9. Turnover J py 16,78,54,32 8
10. Profit before taxation JPY 2,76, 135
II. Provision for taxati on -
12. Profit after taxation JPY 2,76,135
13.
- - Proposed Dividend N il
14. %of shareholding 76%

Notes: The fo ll ow ing information shall be furni shed at the end of the statement :
I. Names of subsidiaries which arc yet to commence operations - NA
2. Names or subsidiaries which have been liquidated or so ld during, the year - NA
 Part "B": Associates and Joint Ventures

Statement pursuant to Section 129 (3) of the Companies Act, 2013 related to Assoc~ia tc
Com panies and Joint Ventures- Not Applicable

Na me of associates/J o int Ventures

I ,atcst audited Balance S heet Date
Shares of Associate/Joi nt Ventures held by the Company on the
year e nd
No~ o r Equity Shares held
A mount of Investment in Associates/Jo int Venture
Exte nd of Holding% of Total Capita l
Descriptio n of how the re is s ignificant influence

Reason w hy the associate/joint venture is not consolidated

Net worth attributable to s hareholding as per latest audited Balance
Sheet

Profit/1,oss for the year

Cons idered in Consoli dation
Not Considered in Conso lidation

I~ Na mes or associates or joint ventures w hic h arc yet to commence operations.

2. Names or
associates o r j o int ve ntu res w hich ha ve been liquidated or sold during the year.

Note: Thi s Form is to be certi lied in the same ma nner in w hich the Balance Sheet is to be certi lied.

For and on behalf of the Board of Dit·ecto:-~~f~

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Mr. Siddharth Bl\arat Daftary-- .-. -
Director
DIN: 02897197

Date: 04 ~ Scptembcr 20 18 ~
11

Place:

Re!l.iste rcd Ofncc:

17'1; Flm;r, lloechst I lo use,
arima n Point,
Mumbai- 400021
..

"ANNEXURE B"

PARTIClJLARS REQUIRED PURSUANT TO SECTION 134(3) (M) OF THE COMPAN IES

ACT, 2013 READ WITH R ULE 8 OF THE COMPANIES (ACCOUNTS), RULES 2014 FOR THE
YEA R ENDED ON 31 sT MARCH, 2018.
I. Consen'ation of E ner·gy

E nergy consen'ation measures t a ken : The Company is closely monitoring the e lectricity consumption
by dai ly verification of electricity meters and educating the operating personnel on an ongoing basis .

POWER AND FUEL CONSUMPTION

Sr.
Particulars 20 17- 18 2016-1 7
No.

I. Electricity Purchased
Units (KWH) 9,43,50 1 971,330
Total Amount (Rupees) 84,54,42 1 85, 14,323

Rate I Unit (Rupees) 8.96 8.77

2. Own Generation (KWH}

Units (KW H) 4902 3,334
Total Amount (Rupees) 8,29,015 5,25,464
-
Rate I Unit (Rupees) 169. 12 157.61
--

II. Research and Development and Technology Absorption

A. RESEARCH AND DEVELOPMENT

(1) SPECIFIC AREAS IN WHICH R & D WAS CARRIED OUT BY THE COMPANY
The Compa ny is undertaking regular developmental activities to strengthe n its operations through
innovation to improve productiv ity and quality.

a. The activ ities carried out by the Company are related to development of the fol lowing
products:

R&D-CRP Latex Reagents

R&D-RF I ,atex Reagents

b. R & D proj ects in progress inc lude :

R&D-Bcnce Jones Protein - Kappa Free Light Chain (Liquid)
4- .. R&D-Bencc Jones Protein - Lambda Free Light Chain ( Liquid )
R&D-Anti Myoglobin Serum (Rabbit)
R&D-malaria Pv/ Pf rapid inhouse anti gent test (development of MAbs)
R&D-dengue NS I rapid test
R& D-typho id lgM test
R&D-T ypho id lgG /IgM test
.-

R& D- HbA l c latex reagent

R&D- Fun ga l
R&D- Anti-ferritin Serum ( Rabbit)

(2) 13E. EFITS DERIVED AS A RESULT OF THE ABOVE R & D

The Company is achievin g effi ciency in production, and improvement in quality of product.

(3) FURTHER PLAN OF ACTION

R& D-Free Light Chain (Kappa & Lambda)

R& D-Anti Ferritin Rabbit
R&D-Anti Lp(a) Rabbit

(4) CAPITAL EXPENDITURE ON R & D

The Company has not made separate allocation in the accounts, but the expenditure (other than
capital expenditure) is shown under respective heads of expenditure in th e Profit & Loss Account.

B. TEC HNOLOGY ABSORPTION, ADAPTATION AND INNOVATION

The Company is taking steps on a continuous bas is to improve product a nd process technology in an
c!Tnrt to provide qual ity products to the consumers.

HI. Foreign Exchange Earnings and Outgo

( i) Activities relating to exports; initiatives taken to increase exports; development of new export
markets !'o r products and services; and expot1 plans;

( ii) Total foreign exchan ge used and earned.

Foreign Exchange Earnin gs Rs.254,757,01 6 /-

Fore ign Excha nge Outgo Rs.82 1,66,305/-

For and on h<.'11alf of lht• Koanl o f"DinTtor '

~ ~a~t~nod~i
Director
DIN: 00011518
Daftary
Director
DIN : 02897 197

Place:
lZcgis!crcd Office :
17' 11 Floor, I ioechst I louse,
Nar ima n Point, Mum bai- 40002 1.
.-

"ANNKXURR C"

FORM NO. MGT - 9

EXTRACT OF ANNUAL RETURN
As on the financial year ended 31.03.2015
I Pursuant to Section 92(3 ) or the Companics Act, 20 13 read with Rule 12( I ) of the Co mpani cs
(Management and /\dm in istratio n) Rules, 20 14]

I. REGISTRATION AND OTHER DETAILS

- - - -
CIN U2tl297 MI120 I OPTC209352
Rco istration Date 22'1(10ctob~r, 20-10
-0.- . - - - -- - - - - - - -- - - - - - -- -- -
_N_~n~ of the Co me_a~x __ __ _ _ ___ ·-- 0_d~ C.:.~l<?_~n ~c~ I _Prj~atc_ lJ mite9
C~e~~ ~S u b-CatcgQ!_l o_!..~hc Co r~anr_ __ Co~a~_li!:!l i~9 J2x S l:0rc~ ____ _
Address of the Registered Offi ce and 17' ' Floor, lloechst I louse. ·
contact deta ils ·- ~ariman ~ int, ~ umb~ i- tlOq02 J.

II. PRINCIPAL BUSINF:SS ACTIVITU:S OF THE COMPANY

/\I I the business activities contri buting I 0% or more of the total turn over of the Company shall be
stated:-

Sr. Name and Descri ption of ma in NIC Code of the % to total tu rnover
No products I services Prod uct/ service of the com pany
-
Manu facturing of Laboratory 7tl 100%
Diagnostic Reagents, Manufacturing
and Trad ing of Diagnostic Kits and
R£~g_cr2_ts(_Pa~1oJ9gic~_'r~s~ _

III.PARTIC ULARS OF HOLDING, SUBSIDIARY AND ASSOCI ATJ<: COMPANIF:S

- - -- - --- - --- -- - - - - - - - - - - ----
Name and C IN/GLN Bolding/ (Yo of Applicable
Sr.
.• Address of the Subsidia ry Shares Section
No. Company /Associate Held

- - ---- -- - --- - - -- -
1 /\dvy Japan Co. No. 01 00 · 0 1 Subsidiary 76% Section 129
Lim itcd. Japan 116446
IV. SHARE HOLDING PATTF:RN (Jt:qui ty Share Capital Breakup a s percentage of Tota l
Equi ty)

(i) Category wise shareholding

--- ----------
Particulars
- - - ·-- -- · ·- --- - - - - - -~ -- - ---- ----- - - --
S hare holding a s o n C ha nge in the S ha reholdi n g as on
31 ' 1 March 20 17 s ha rehold ing 31 " March, 2018
during the year
(N umbe r a nd
- ---.. -- date of ~ hm!_ge)
Sr. Name of share holder Des ig nati on Numbe r 'Yo of Number %o f
No. T o tal Tota l
S hares S h:l rcs
- - - - --
I. Shri Bharat V. Dallary Director 39 1.996 (78.400) 3.1 3.596 78.'10%
2.
-Member
- --- ------ - - --- ·-- - -
. D.!:;_ Q_a~l~V. f)~fl!lr2' _
, - --- ---- - - -
.>. ShriSiddharth B. Dallary Director 6.000 1.50% 7X.400 Xt1.400 1 1.1 0'~ ..
.. - --- -
4. ..~12_1i .0-~Jl_llY G. l ~al}at)' . Member
-- -- - --- -
5. . ~lllt: !~~~ ~J?ali~I")" __ Member --· - 2.000 0.50% 2.000 0.50'! o
- -- - - - ---
6. ::>n!_t_J\~I~~(_i_. l_)a~a~y _
- Member
--- -· -
7. ~ll~~~suy~~ V. ~ ~~ ~~:Y Member
·-- ---- - -
Smt. Hharti Parekh.
X. SmtDharini Parekh Member
~hri R.'.',i !~<~ekh _ _
') . Sarra Trust Member
-- -- - .
10. Snlt. Radhika R. l'an:kh
II.
-- - - -
l~aj i' ~re~ h ( Il l!~:)
-Member
---
Member
I
I
-
-
Total 100%
- -- -
400&00 - -- 100%
- -

(i i) C hange in Promoters ' Shareholding

Particulars Sha r e holdin g as o n C han ge in the Sharc holding as on

3 1" March 20 17 s hareho ld ing 31 ' 1 March , 201 8
during the year
( Numbe r a nd
- --~ te_ of c l~n_geL ___ ·- _
Sr. Nam e of share h older Desig na ti on Nu mbe r %of Numbe r •;., of
No. Total T otal
Shares S hares

I. Shri Bharat V. Daliary Director 391.996 9X.OO%, (7X.400) 3.13.596 7X.·IO"u

2. l~t::..,S ~~~m_y:J?<~_hli)' Member
), ShriSiddharth B. Daliary Director 6.000 1.50%. 7X.400 X-UOO 2l.IO"·u
-·
.J. .:ihlj_ 0."-s!Hll._!i. Da l h~1'):_ Member
5. ~111 :... Bha ~ na B ._!_)l_l_!"!<u~v . Member 2.000 0.50% 2.000
6. SmtJ\arti_Ci. Daliary Member
7. Snll._Ansuta V. Dallar~ Member
Smt. Hharti Parekh.
X. SmtDharini Parekh Member
_Sb_ri )~'1i P~r:_c~1- _ _ __ _ . __
9. Sarra Trusl Member
- S·1-;;t~-R adhik; .R.. Parekh - - - - Membcr-
10.
4 - ~·--- - - ·~ - - ·- - - - - --- --I -- - --- . ---
II . l~c~j_l'a~ekh (JJ lJ.!::_)_ ... Met_l~e!.:_ 1
~ ,.__ ·- - --
Totlt l
-- - - - -
100%
- - ---- -- 100%
409,0_9Q__
 V. INDEBTI<~ DN ESS

Indebtedness of the C ompany including interest outstanding/accrued but not due for payment:

Particulars Secured Loa ns Unsecured T o tal

excludin g L oans
-~osits_
Indcbtcdness at the beginning of the
fl n~~,0~l_l'._CaJ:__________ _
.ilf~·in c i_Ral Am_ollll_!____ _ __ _
ii ) Inte rest d_uc but not paiL _
Jii) lnt~rcst aecn~ed but not d ue __
~~~9ta_!_{j+ii2:~ill...- _ _ _ _ _2_15,440,488
Change of Indebtedness during
_fl!1an~ i~.!_yeaJ:_ __ __ _ - - + - -- - _ __ ____ ·-
J)__0_9~i_i~i 0 1_1 - -- -
ii)~cductiO~l _ __ 28,74,782 I ,44,24,9 1-=2---l-
,_Nc~ <; h~~es _ ( i-ii) __ _ _ _ ____ _ _ 28,74,782 - - _1.:.'14,24,9!2_ -
Indcbtcdness at the end of the financial

22,~ I ,40,_794

VI. REM UNF:RATION OF DIRF:CTORS AN D K EY MANAGF:RIAL Pfc:H.SO NN I<: L

As stated earli er in this report the Directors are not drawing any remuneration.

A. Remuneration to Managing Director I Whole Time Director and/or Manager:

S r No~ 1 -·Particulars of Remuneratio; - - - - -- - -- - - - -- - N-a ~c of- Name of Total

Director Director Amo unt
-- - -- - - - - - - -- --- -- -- - -- --- - - - --
Gross Salary
(a) Salary as per provisions contained in section 17 ( I ) of the
ln£~~"!le Tax Act, 196 1 Gross Salary _ _ _ ____ _ _
(b) Value of Perquisites u/scc 17 (2) Income Tax Act, 196 1

(c) Profits in lieu of salary under section 17 (3) of Income T ax

Act, 1961

Ceiling as per the Act (Not Applicable to Private Co mpa ny)

 B. Remuneration to other Directors: Not Applicable

Sr. Particulars of Remuneration

No
f-"-- -t----- - - -- -- -- - - -- -- - - -·-- r-· ··- - -- - - - - -- - , - - -- - -
Independent Directors
1-- - - -· -
Fcc for attending board/other
~ot~lll)ittc.c mccti1~g .. ·-
T otal ( I)

r- -- - - -·--- - - - ---- ---- -- - - - - -- -- ·- -· - - - - --- -~---- -- ·---- -

Other Non-l( xecutivc Directot·s

Fcc for attending board /other

_ . ~~n:!_!n ittcc mc~t i ng _ __ - -
- - - -
Total (2)

T otal (B) -- ( I + 2)

C. Remuneration to Key Managerial Personnel othe t· than MD/ Manager/WTD: Not App licable

VII. PI<~NALTIES/ PUNISIIMENT/ COMPOUND ING OF OFFENCES (U nder the C ompa nies
Act):

Neither the company nor a ny of its Directors or Offi cers in defa u lt were pena li zed /punished for
violation or
an y of the prov isions of companies Act, 1956 o r 20 13.by any of the regulatory a uthori ties
under the Act.

For and on behalf of the Board of Directors

(J\ \ J\- . ~,1/~

r
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I
1 ~y
Mt·. Bharat Vinod Daftary Mr. SiddharthBharatDaftary
Dit·eetor Director
DIN: 00011518 DI N : 02897197

111
Date: 04 September 2018

Place:...
l~egi s19[Cd_O!Ji ~~ :.
111
I 7 Floor. lloechst !louse.
Na rima n Po int,
M umba i- 4 00021