SENSEX NIFTY
ABC India Directors Report, ABC India Reports by Directors
YOU ARE HERE > MONEYCONTROL > MARKETS > TRANSPORT & LOGISTICS > DIRECTORS REPORT - ABC India

ABC India

BSE: 520123|ISIN: INE125D01011|SECTOR: Transport & Logistics
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
Jan , 16:01
84.65
0
VOLUME 1,220
ABC India is not listed on NSE
Download Annual Report PDF Format 2015 | 2014 | 2013 | 2011
Directors Report Year End : Mar '15    « Mar 14
 Dear Members,
 
 The Directors take pleasure in presenting the 42nd Annual Report
 together with the Audited Financial Statements of your Company for the
 year ended March 31, 2015.
 
 Financial Results                                        (Rs. In Lacs)
 
 Particulars                                   FY 2014-15     FY 2013-14
 
                                                 Amount          Amount
 
 Turnover                                        15252.44       16401.31
 
 Other Income                                      107.42          81.65
 
 Total Revenue                                   15359.86       16482.96
 
 Earnings Before Interest, Depreciation,
 Taxation and Amortization (EBIDTA)               1301.25        1788.10
 
 Interest and other Finance Cost                   772.22         916.34
 
 Depreciations Amortization                        644.69         913.49
 
 Profit /(Loss) before Taxation (PBT)            (115.66)        (41.73)
 
 Tax including Deferred Tax                      (128.22)        (83.25)
 
 Profit after Taxation (PAT)                        12.56          41.52
 
 Profit brought forward from previous year        1362.04        1383.90
 
 Tax Adjustment for earlier years                  (3.25)              -
 
 Profit available for appropriation               1371.35        1425.42
 
 Appropriation :
 
 Proposed Dividend                                      -          54.17
 
 Tax on proposed dividend                               -           9.21
 
 Balance carried forward to Balance Sheet         1371.35        1362.04
 
 OPERATIONS :
 
 During the year under review, your Company has achieved a Total Revenue
 of Rs. 15,359.86 lacs which is 6.81% lower over the corresponding
 previous financial year total revenue of Rs. 16,482.96 lacs. The
 Company has achieved an EBIDTA of Rs. 1,301.25 lacs as compared with
 previous year figure of Rs. 1788.10 lacs. The Profit after Tax worked
 out Rs. 12.56 lacs as compared with previous year figure of Rs. 41.52
 lacs.
 
 OUTLOOK :
 
 The industrial growth of the Company did not improve at the desired
 level as envisaged during the year under review. The Company is in the
 business of transportation and logistics and due to non- improvement in
 the industrial activity the Company was not able to procure the
 business at its desired level. The profitability of the Company was
 affected due to at one hand stagnancy of the offtake and on the other
 hand increase in the cost at various levels of the Company. Besides,
 due to low demand for logistics services, there was fierce competition
 in the market making lower realizations for the services rendered by
 the Company. Therefore the Company could neither achieve any volume
 growth nor desired profitability. At the same time, the Company had to
 incur interest on financed assets and depreciation thereon.
 
 The Company is making sustained marketing efforts for its services in
 infrastructure sector S power sector which is expected to see revival,
 over the next few years. The Company has also undertaken cost control
 and reduction to improve its profitability.
 
 Accordingly, the performance of the Company in current year as well as
 coming years shall continue to be highly dependent upon revival of
 infrastructure sector, power sector, industrial project and procurement
 of orders.
 
 To overcome the situation, the Company has diversified its business
 activities and has started a new segment viz.  Construction Division
 during the year under review.
 
 DIVIDEND
 
 Due to paucity of profit during the year under review and to conserve
 the resources of the Company for long term working capital
 requirements, the Board of Directors of the Company could not recommend
 any dividend on the Equity Shares of the Company for the financial year
 ended 31st March, 2015.
 
 TRANSFER TO RESERVES
 
 No amount was transferred to reserves during the financial year ended
 31st March, 2015.
 
 HUMAN RESOURCES
 
 Your Company treats its human resources as one of its most important
 assets.
 
 Your Company continuously invest in attraction, retention and
 development of talent on an ongoing basis. A number of programs that
 provide focused people attention are currently underway. Your Company
 thrust is on the promotion of talent internally through job rotation
 and job enlargement. Your Company has continuously adopted structures
 that help attract best external talent and provide internal talent to
 higher roles and responsibilities.
 
 Your Company has a adequate pool of trained and competent human
 resources which is highly capable to meet the challenges of growing
 quality perspective and complex logistics requirement of the customers.
 In view of increased competition, the human resources of the company
 are able and proved to deliver specialised services of desired quality
 meet the competition and to satisfy customer requirements.
 
 EMPLOYEES STOCK OPTION SCHEME, 2007
 
 Member''s approval was obtained at the Annual General Meeting held on
 July 31, 2007 for introducing of Employees Stock Option Scheme.
 
 Employees Stock Option Scheme was approved and implemented by the
 Company and Options were granted to employees in accordance with the
 Securities and Exchange Board of India (Employees Stock Option Scheme
 and Employees Stock Purchase Scheme) Guidelines, 1999 (''the SEBI
 Guidelines) and as amended. The Compensation Committee, constituted in
 accordance with the SEBI Guidelines had administered and monitored the
 Scheme.
 
 The money earlier realized by exercise of options has been utilized in
 the business of the Company especially for funding capital investments.
 
 During the year under review, the Employee''s Stock Options Scheme
 completed its term of 7 years in June, 2014 and as such the tenure of
 the scheme has been completed. The Compensation committee constituted
 for the purpose has also been dissolved .
 
 DIRECTORS AND KEY MANAGERIAL PERSONNEL
 
 i) Appointments :
 
 a) Mr. Siddarth Kapoor (DIN 02089141) on recommendation of Nomination
 and Remuneration Committee has been appointed by the Board as an
 Additional Director in the category of Non Executive-Independent
 Director of the Company with effect from March 31, 2015 pursuant to
 Section 161 of the Companies Act, 2013 and other applicable provisions
 of the said Act and as per the requirements of clause 49 of the Listing
 agreement. He has provided declaration of his independence as per
 Section 149(7) of the Companies Act, 2013.
 
 Pursuant to the provisions of Section 161 of the Companies Act, 2013
 and rules made thereunder, the aforesaid Director would hold the office
 of Directors upto the date of ensuing Annual General Meeting of the
 Company unless appointed as a Director of the Company by the
 Shareholders. Amongst other terms, Mr. Siddarth Kapoor, when confirmed
 by the Shareholders would no longer be required to retire by rotation
 in view of Section 149(13) of the Companies Act, 2013 and can hold the
 office upto March 31, 2019 as per Section 149(10) of the said Act and
 hence his appointment has been proposed accordingly.
 
 b) Mrs. Rachana Todi (DIN 00268594) on recommendation of Nomination and
 Remuneration Committee has been appointed by the Board as an Additional
 Director in the category of Non Executive-Independent Director of the
 Company with effect from March 31, 2015 pursuant to Section 161 of the
 Companies Act, 2013 and other applicable provisions of the said Act and
 as per the requirements of clause 49 of the Listing agreement. She has
 provided declaration of her independence as per Section 149(7) of the
 Companies Act, 2013.
 
 Pursuant to the provisions of Section 161 of the Companies Act, 2013
 and rules made thereunder, the aforesaid Director would hold the office
 of Directors upto the date of ensuing Annual General Meeting of the
 Company unless appointed as a Director of the Company by the
 Shareholders. Amongst other terms, Mrs. Rachana Todi, when confirmed by
 the Shareholders would no longer be required to retire by rotation in
 view of Section 149(13) of the Companies Act, 2013 and can hold the
 office upto March 31, 2019 as per Section 149(10) of the said Act and
 hence her appointment has been proposed accordingly.
 
 ii) Retirement by Rotation :
 
 Pursuant to the provisions of Section 152(6) and other applicable
 provisions, of the Companies Act, 2013 Mr. Anand Kumar Agarwal (DIN
 00380908), Director of the Company, retires by rotation at the ensuing
 Annual General Meeting and being eligible offered himself for
 re-appointment.
 
 iii) Resignation :
 
 Mr. Krishan Arya. Non-Executive Independent Director (DIN 02318774),
 Mr. Ashok Kumar Surana, Non- Executive Director (DIN 00396036) and Dr.
 Padam Chand Agarwal, Non-Executive Director (DIN 00407663) have
 resigned from the office of Directors of the Company with effect from
 31st March, 2015.
 
 The Board place on record its appreciation of the invaluable
 contribution made by them during their tenure as Directors of the
 Company.
 
 iv) Appointment of Wholetime- Key Managerial Personnel (KMP):
 
 Pursuant to the provisions of Section 203 and other applicable
 provisions of the Companies Act, 2013, the Companies (Appointment and
 Remuneration of Managerial Personnel) Rules, 2014 and Rule 8(5)(iii) of
 Companies (Accounts) Rules, 2014 the Board has appointed the following
 personnel as the designated Wholetime Key Managerial Personnel of the
 Company within the meaning of the said section.
 
 a) Mr. Ashish Agarwal - Managing Director.
 
 b) Mr. Sushil Pransukhka - Chief Financial Officer.
 
 c) Mr. Sanjay Agarwal - Company Secretary & Compliance Officer.
 
 Mr. Arun Kumar Thirani, Company Secretary & Compliance Officer in the
 category of Key Managerial Personnel has resigned during the year.
 
 None of the Directors of the Company are disqualified as per section
 164(2) of the Companies Act, 2013. The Directors have also made
 necessary disclosures to the extent as required under provisions of
 section 184(1) of the Companies Act, 2013.
 
 INDEPENDENT DIRECTOR’S DECLARATION
 
 Your Company had received the declaration of Independence u/s 149(7) of
 the Companies Act, 2013 from all the Independent directors of your
 Company specifying that they meet the criteria of independence as per
 Section 149(6) of the Companies Act, 2013.
 
 AUDITORS AND THEIR REPORTS
 
 (i) Statutory Auditor :
 
 The Statutory Auditors M/s Agarwal Kejriwal & Co., Chartered
 Accountants, holds office upto the conclusion of the Annual General
 Meeting (AGM) to be held for the FY 2016-17, subject to ratification by
 the shareholders in every AGM. Accordingly, the Board on recommendation
 of Audit committee has proposed for ratification of their appointment
 in the office of Statutory Auditors of the Company for the FY 2015-16.
 
 The Auditors report does not contain any qualification. Notes to
 Accounts and Auditors remarks in their Report are self-explanatory and
 hence do not call for any further explanation.
 
 (ii) Cost Auditor :
 
 Pursuant to section 148 of the Companies Act, 2013, the Board of
 Directors on recommendation of the Audit Committee had approved Mr.
 Debabrota Banerjee as the Cost Auditor of the Company for the financial
 year 2014-15 and has also appointed M/s Debabrota Banerjee &
 Associates, Cost Accountants, as the Cost Auditors of the Company for
 the financial year 2015-16. The Company has received consent and
 confirmation of eligibility for their appointments as the Cost Auditors
 of the Company.
 
 (iii) Secretarial Auditor :
 
 The Board has appointed Mr. Santosh Kumar Tibrewalla, Practising
 Company Secretary, as the Secretarial Auditor of the Company to carry
 out the Secretarial Audit for the FY 2014-15 under the provisions of
 section 204 of the Companies Act, 2013. The report of the Secretarial
 Auditor for the FY ended 31st March, 2015 is attached as Annexure -A
 to this Report.
 
 The Secretarial Audit Report does not contain any qualification,
 reservation or adverse remark.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT
 
 Pursuant to the Directors Responsibility Statement as referred to in
 section 134(3)(c) and 134(5) of the Companies Act, 2013, your Directors
 hereby confirm that :
 
 i) In the preparation of the annual accounts, the applicable accounting
 standards have been followed along with proper explanation relating to
 material departures;
 
 ii) 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 at the end of the financial year and of the profit and
 loss of the company for that period;
 
 iii) The Directors have taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of this Act for safe guarding the assets of the company and
 for preventing and detecting fraud and other irregularities;
 
 iv) The Directors have prepared the annual accounts on a going concern
 basis;
 
 v) 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
 
 vi) 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.
 
 DEPOSITS
 
 The Company complied with all the applicable provisions of the
 Company''s (Acceptance of Deposits) Rules, 1975 as amended upto date and
 with the requirements under the Companies Act, 2013 and the related
 Rules.
 
 The details relating to deposits, covered under Chapter V of the Act,-
 
 (a) accepted during the year; -NIL
 
 (b) remained unpaid or unclaimed as at the end of the year;- NIL
 
 (c) whether there has been any default in repayment of deposits or
 payment of interest thereon during the year and if so, number of such
 cases and the total amount involved-NOT APPLICABLE
 
 (i) at the beginning of the year;- Rs. 1,77,56,000/-
 
 (ii) maximum during the year;- Rs. 1,77,56,000/-
 
 (iii) at the end of the year;- NIL
 
 The outstanding balance of principal amount of public deposits has been
 fully repaid along with the interest due thereon upto 31.03.2015. There
 is no outstanding balance of Public Deposit as on 31st March, 2015
 barring unencashed amount by the respective deposit holders.
 
 DETAILS RELATING TO REMUNERATION TO DIRECTORS, KEY MANAGERIAL PERSONNEL
 AND EMPLOYEES
 
 The particulars and information of the Directors/employees as required
 under Section 197(12) of the Companies Act, 2013 read with Rule 5 of
 the Companies (Appointment and Remuneration of Managerial Personnel)
 Rules 2014 of your Company is attached as Annexure-B to this report.
 
 None of the employees of the Company were in receipt of the
 remuneration exceeding limits pursuant to the Companies (Appointment
 and Remuneration of Managerial Personnel) Rules, 2014.
 
 CONSERVATION OF ENERGY, RESEARCH & DEVELOPMENT, TECHNOLOGY ABSORPTION,
 FOREIGN EXCHANGE EARNINGS AND OUTGO
 
 Information related to conservation of energy, Research & Development,
 technology absorption, foreign exchange earnings and outgo as required
 under section 134(3)(m) of the Companies Act, 2013 and Rule 8 (3) of
 Companies (Accounts) Rules, 2014 are as follows:
 
 (a) Conservation of energy
 
 The Company''s operation involves no energy consumption.
 
 (b) Technology absorption
 
 i.  The Company does not have any R & D Division and Company''s
 Operations does not require this type of establishment.
 
 ii.  Technology absorption, adoption and innovation: The Company has
 not imported any technology due to its nature of operation.
 
 (c) Foreign exchange Earnings and Outgo
 
 During the year, the total foreign exchange earned was Rs. 10,48,868/-
 (Previous Year Rs. 6,50,280/-) and the total foreign exchange used was
 Rs. 38,32,523/- (Previous Year Rs. 22,64,557/-).
 
 CORPORATE SOCIAL RESPONSIBILITY COMMITTEE
 
 The Board has constituted the Corporate Social Responsibility Committee
 under the Chairmanship of Mr. Vijay Kumar Jain. As the Company is not
 falling under the purview of Section 135 of the Companies Act, 2013 and
 the relevant rules made thereunder are not applicable for the time
 being, the Committee was not required to formulate and recommend to the
 Board a Corporate Social Responsibility Policy.
 
 Complete details of the Committee are given in the Corporate Governance
 Report, attached as Annexure to this Board''s Report.
 
 INTERNAL AUDIT & CONTROLS
 
 The Company continues to engage Internal Auditors. During the year, the
 Company continued to implement their suggestions and recommendations to
 improve the control environment. Their scope of work includes review of
 processes for safeguarding the assets of the Company, review of
 operational efficiency, effectiveness of systems and processes, and
 assessing the internal control strengths in all areas. Internal
 Auditors findings are discussed with the process owners and suitable
 corrective actions taken as per the directions of Audit Committee on an
 ongoing basis to improve efficiency in operations.
 
 SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS
 
 No significant and material order has been passed by the Regulators,
 Courts, Tribunals impacting the going concern status and Company''s
 operations in future.
 
 ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL
 STATEMENTS
 
 The Company has placed adequate internal financial controls as required
 under section 134(5)(e) of the Companies Act, 2013. During the year
 under review, such controls were tested and no reportable material
 weakness in the formulation or operations were observed.
 
 CODE OF CONDUCT FOR PREVENTION OF INSIDER TRADING
 
 In terms of the SEBI (Prohibition of Insider Trading) Regulations,
 1992, your Company has already adopted the Code of Conduct for
 prevention of Insider Trading. Further, in accordance with the
 provisions of Regulation 8 of SEBI (Prohibition of Insider Trading)
 Regulations, 2015, the Board of Directors of the Company at their
 meeting held on May 26, 2015 have approved and adopted the code of
 practices and procedure for fair disclosure of Unpublished Price
 Sensitive Information and formulated the code of conduct of the
 Company.
 
 DISCLOSURES AS PER APPLICABLE ACT AND LISTING AGREEMENT
 
 i) Related Party Transactions
 
 All transactions entered with related parties during the FY 2014-15
 were on an arm''s length basis and were in the ordinary course of
 business and the provisions of Section 188 of the Companies Act, 2013
 are not attracted. There have been no materially significant related
 party transactions with the Company''s Promoters, Directors and others
 as defined in section 2(76) of the Companies Act, 2013 and the listing
 agreement which may have potential conflict with the interest of the
 Company at large. Thus, disclosure in Form AOC-2 is not required.
 
 The necessary disclosures regarding the transactions are given in the
 notes to accounts. The Company has also formulated a policy on dealing
 with the Related Party Transactions and necessary approval of the audit
 committee and Board of directors were taken wherever required in
 accordance with the policy.
 
 ii) Number of Board Meetings
 
 The Board of Directors met 6 (six) times in the FY 2014-15. The Details
 of the Board meeting and attendance of the Directors are provided in
 the Corporate Governance Report, attached as Annexure to this Board''s
 Report.
 
 iii) Composition of Audit Committee
 
 The Board has constituted the Audit Committee under the Chairmanship of
 Mr. Debasis Sengupta. Complete details of the Committee are given in
 the Corporate Governance Report, attached as Annexure to this Board''s
 Report.
 
 iv) Extracts of Annual Return
 
 The details forming part of the extract of the Annual Return in Form
 No. MGT-9 as required under section 92(3) of the Companies Act, 2013
 read with rule 12(1) of the Companies (Management and Administration)
 Rules, 2014 is attached as Annexure-C to this report.
 
 v) Risk Analysis
 
 The Company has in place a mechanism to inform the Board members about
 the Risk assessment and mitigation plans and periodical reviews to
 ensure that the critical risks are controlled by the executive
 management.
 
 vi) Loans, Guarantees and Investments
 
 There has been no loans, guarantees and investments under Section 186
 of the Companies Act, 2013 during the FY 2014-15.
 
 vii) Post Balance Sheet events
 
 There is no material changes and commitments affecting the financial
 position of the Company occurred between the end of the financial year
 to which this financial statements relates and the date of this report.
 
 viii) Subsidiaries, Associates or Joint Ventures
 
 Your Company does not have any subsidiaries, associates or joint
 ventures.
 
 M/s. ABC Skyline Ltd., as on 31st March, 2015 have ceased to be the
 Company''s Subsidiary.
 
 ix) Evaluation of the Board''s Performance
 
 During the year under review, the Board, in compliance with the
 Companies Act, 2013 and Clause 49 of the Listing Agreement, has adopted
 a formal mechanism for evaluating its performance and as well as that
 of its Committees and individual Directors, including the Chairman of
 the Board. The exercise was carried out through a structured evaluation
 process covering various aspects of the Boards functioning such as
 composition of the Board & Committees, experience & competencies,
 performance of specific duties & obligations, governance issues etc.
 Separate exercise was carried out to evaluate the performance of
 individual Directors including the Board, as a whole and the Chairman,
 who were evaluated on parameters such as their participation,
 contribution at the meetings and otherwise, independent judgments,
 safeguarding of minority shareholders interest etc.
 
 The evaluation of the Independent Directors was carried out by the
 entire Board and that of the Chairman and the Non-Independent Directors
 were carried out by the Independent Directors in their separate
 meeting.
 
 The Directors were satisfied with the evaluation results, which
 reflected the overall engagement of the Board and its Committees with
 the Company.
 
 x) Nomination, Remuneration and Evaluation Policy
 
 The Company on recommendation of its Nomination & Remuneration Committee
 has laid down a Nomination, Remuneration and Evaluation Policy, in
 compliance with the provisions of the Companies Act, 2013 read with the
 Rules made therein and the Listing Agreement with the stock exchanges
 (as amended from time to time). This Policy is formulated to provide a
 framework and set standards in relation to the followings and details on
 the same are given in the Corporate Governance Report, attached as
 Annexure to this Board''s Report:
 
 a.  Criteria for appointment and removal of Directors, Key Managerial
 Personnel (KMP) and Senior Management Executives of the Company.
 
 b.  Remuneration payable to the Directors, KMPs and Senior Management
 Executives.
 
 c.  Evaluation of the performance of the Directors.
 
 d.  Criteria for determining qualifications, positive attributes and
 independence of a Director.
 
 xi) Vigil Mechanism (Whistle Blower Policy)
 
 Your Company has formulated a Whistle Blower Policy and employees of
 the Company are encouraged to escalate to the level of the Audit
 Committee any issue of concerns impacting and compromising with the
 interest of the Company and its stakeholders in any way. The Company is
 committed to adhere to highest possible standards of ethical, moral and
 legal business conduct and to open communication and to provide
 necessary safeguards for protection of employees from reprisals or
 victimization, for whistle blowing in good faith.
 
 Details of establishment of the Vigil Mechanism have been uploaded on
 the Company''s website: www.abcindia.com and also set out in the
 Corporate Governance Report attached as Annexure to this Board''s
 Report.
 
 COMPANY''S WEBSITE
 
 The website of your Company, www.abcindia.com has been designed to
 present the Company''s businesses up- front on the home page. The site
 carries a comprehensive database of information of all the services
 rendered including the Financial Results of your Company, Shareholding
 pattern, Corporate profile, details of Board Committees, Corporate
 Policies and business activities of your Company. All the mandatory
 information and disclosures as per the requirements of the Companies
 Act, 2013 and Companies Rules 2014 and as per the Listing agreement has
 been uploaded.
 
 CORPORATE GOVERNANCE
 
 Your Company has practiced sound Corporate Governance and takes
 necessary actions at appropriate times for enhancing and meeting
 stakeholders'' expectations while continuing to comply with the
 mandatory provisions of Corporate Governance. Your Company has complied
 with the requirements of revised Clause 49 of the Listing Agreement as
 issued by Securities and Exchange Board of India and as amended from
 time to time. Your Company has given its deliberations to provide all
 the information in the Directors Report and the Corporate Governance
 Report as per the requirements of Companies Act, 2013 and the Listing
 Agreement entered by the Company with the Stock Exchanges, as a matter
 of prudence and good governance.
 
 A Report on Corporate Governance along with a certificate from M/s.
 Agarwal Kejriwal & Co., the statutory Auditors of the Company regarding
 compliance of conditions of Corporate Governance and certification by
 CEO i.e. the Managing Director of the Company and CFO are given in
 Annexure- D, E & F to this report.
 
 CODE OF CONDUCT
 
 The Code of Conduct for Directors, KMPs and Senior Executive of the
 Company is already in force and the same has been placed on the
 Company''s website: www.abcindia.com.
 
 All Board Members, KMPs and members of Senior Management have confirmed
 compliance with the code of conduct. A declaration to this effect has
 been signed by Mr. Ashish Agarwal, Managing Director is given as
 Annexure G to this Report.
 
 MANAGEMENT DISCUSSIONS & ANALYSIS REPORT
 
 A report on Management Discussion & Analysis is given as Annexure H
 to this report.
 
 TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND
 
 Your Company did not have any funds lying unpaid or unclaimed for a
 period of seven years. Therefore there were no funds which were
 required to be transferred to Investor Education and Protection Fund
 (IEPF).
 
 LISTING WITH STOCK EXCHANGES
 
 The Company confirms that it has paid the Annual Listing Fees for the
 FY 2015-16 to Bombay Stock Exchange and Calcutta Stock Exchange where
 the Company''s Shares are listed.
 
 INVESTOR SERVICES
 
 In compliance to the requirements of clause 54 of the Listing
 Agreements with Stock exchanges, the Company has dedicated a column for
 investor services in its website www.abcindia.com. The Company would
 keep on updating these particulars as and when necessary.
 
 CAUTIONARY NOTE
 
 The statements forming part of the Directors'' Report may contain
 certain forward looking statements within the meaning of applicable
 securities laws and regulations. Many factors could cause the actual
 results, performances or achievements of the Company to be materially
 different from any future results, performances or achievements that
 may be expressed or implied by such forward looking statements.
 
 APPRECIATION
 
 Your Directors take this opportunity to place on record their gratitude
 to the Central and State Governments, Bankers and Investors for their
 continuous support, cooperation and their valuable guidance to the
 Company and for their trust reposed in the Company''s management. The
 Directors also commend the continuing commitment and dedication of the
 employees at all levels and the Directors look forward to their
 continued support in future.
 
                            For and on behalf of the Board of Directors
 
                                                    Anand Kumar Agarwal
 Place : Kolkata                                     Executive Chairman
 Dated : 14th August, 2015                               DIN : 00380908
 
 
 
 
Source : Dion Global Solutions Limited
Quick Links for abcindia
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.