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Apoorva Leasing Finance and Investment Company Directors Report, Apoorva Leasing Reports by Directors
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Apoorva Leasing Finance and Investment Company

BSE: 539545|ISIN: INE217S01014|SECTOR: Miscellaneous
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Download Annual Report PDF Format 2017 | 2016
Directors Report Year End : Mar '18   

Your Directors have pleasure in presenting their 35th Annual Report on the business and operations of the Company and the accounts for the Financial Year ended 31st March, 2018.

1. FINANCIAL SUMMARY OR HIGHLIGHTS/PERFORMANCE OF THE COMPANY (STANDALONE)

(IN LACS)

Particulars

2017-18

2016-17

Revenue

929.91

563.41

Profit/floss) Before Interest and Depreciation

385.37

82.17

Less: Depreciation and Amortization Expenses

1.02

Less: Interest

0.02

0.41

Profit/fLoss) before tax

384.34

81.76

Less: Current Tax

106.41

24.25

Less: Deferred tax

(0.07)

Profit /(Loss) after Tax

278.00

57.59

Add: Items that will not be reclassified to profit or loss

89.90

0.41

Less: Income tax relating to items that will not be reclassified to profit or loss

24.76

0.12

Total comprehensive income for the period

343.14

57.87

2. Operational Performance

During the financial year 2017-18, the company has recorded revenue of Rs 9,29,91,262.22/- and has earned net profit of Rs 2,78,00,407.43/- as compared to profit of Rs. 57,58,541/- in the last year. The Directors are optimistic about future performance of the company.

3. CHANGE IN THE NATURE OF BUSINESS, IF ANY

There is no change in the nature of Business of the company

4. DIVIDEND

As the company retained the earnings for investment in future projects, The directors have not recommended for any dividend for the financial year 2017-18.

5. RESERVES

The Company has Rs.1,02,24,40,354.29 /- in the reserves. Out of the amount available for appropriation, directors has decided to transfer NIL amount to reserves.

6. SHARE CAPITAL

The share capital of the company remains unchanged during the year and company has neither issued any equity shares with differential rights nor any sweat equity shares.

S. No

Name of the Person

Designation

Appointment/Resignation/Change in designation

Date of Appt./Resign/Change in designation

1

Ms. Neha Nimja

Independent Director

Change in designation

25/09/2017

2

Mr. Suresh

Independent Director

Change in designation

25/09/2017

Further, in addition to the above mentioned restructuring of the Board, the following changes were also made during the last financial year: Mrs. Anupama Singh Tyagi who was liable to retire by rotation was re-appointed in the AGM held on 25th September, 2017.

In Compliance to section 203 and 134 of the Companies Act, 2013 the following Directors and Key Managerial Personnel has been appointed and resigned during the year are as follows: -

Ms. Nikita Rohilla has been appointed as the company Secretary with effect from 1st August, 2017.

8. PARTICULARS OF EMPLOYEES

Pursuant to the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, there are no employees who withdraw a salary exceeding the limits as prescribed in the aforesaid rules.

9. MEETINGS

In the Compliance of Provisions of clause (b) of sub-section (3) of Section 134 of Companies Act, 2013, there were 6 (six) Board Meetings held during the financial year, the details of which are given in the Corporate Governance Report. The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013.

10. BOARD EVALUATION

Pursuant to the provisions of the Section 178 of the Companies Act, 2013 and Regulation 17 of SEBI Listing Regulations, 2015, the Board has carried out an annual performance evaluation of its own performance, the directors including independent directors individually as well as the evaluation of the working of its Audit, Nomination & Remuneration and Compliance Committees. The manner in which the evaluation has been carried out has been explained in the Corporate Governance Report.

11. DECLARATION BY AN INDEPENDENT DIRECTOR(S) AND RE-APPOINTMENT, IF ANY

All independent Directors have given their Independency declaration as provided in sub-section (6) of Section 149 of the Companies Act, 2013.

12. REMUNERATION POLICY

The company has framed Remuneration Policy in compliance with Section 178 of the Companies Act, 2013, read with applicable Rules thereto and SEBI LODR Regulations.

The Key Highlights of the Policy are:

1. The Objective of Remuneration Policy is to attract and retain high calibre talent and assume that the policy is in consonance with the existing industry practice.

2. The Company''s Remuneration Strategy is a key and integral component of the broader Human Resource Strategy of the Company and, whilst focusing on remuneration and related aspects of performance management, is aligned with and reinforces the employee value proposition of a superior quality of work life, that includes an enabling work environment, an empowering and engaging work culture and opportunities to learn and grow.

3. The policy ensures that remuneration practices support and encourage the performance of employees.

4. Remuneration of Executive Directors, Key Managerial Personnel and Senior Management is determined and recommended by the Board Nomination & Remuneration Committee and approved by the Board.

5. The remuneration shall be subject to the approval of the shareholders of the Company, wherever required. It shall be as per the statutory provisions of the Companies Act, 2013 read with the rules made thereunder for the time being in force.

6. Remuneration is reviewed and revised periodically and also when such a revision is warranted by the market.

There is no employee in the company drawing remuneration in excess as prescribed under Rule 5 of Companies (Appointment & Remuneration) Rules, 2014. However, the list of Top 10 employees is attached with the report and marked as Annexure-V.

13. MANAGERIAL REMUNERATION

1. Ratio of remuneration of each director to median remuneration of employees

Atul Singh Tyagi

3.9 Lacs (annually)

2. Percentage increase in remuneration of each director and KMPs

62.50%

3. Percentage increase in the median remuneration of employees

-16.83%

4. Number of permanent employees

24 but the Company does not employ 20 or more than 20 employees at any point of time.

5. Affirmation that the remuneration is as per the remuneration policy of the company

Yes, the Company has paid the remuneration as per the remuneration policy of the Company

*The Company do not employ more than 20 people at any point during the year.

14. DETAILS OF SUBSIDIARY/JOINT VENTURES/ASSOCIATE COMPANIES

Name of the Companies, which become or ceased as Subsidiaries/Joint Ventures/Associates Companies during the year:

S. No.

Name of the Company

CIN/Registration Number

Subsidiary/Joint Ventu re/Associates Company

Date on which become / Ceased

Become/Ceased

1.

Akshat Commodity Ltd

U93000UR1992PLC033416

Associate

18th December, 2017

Become

Pursuant to sub-section (3) of Section 129 of the Act and rules made thereunder, the statement containing the salient feature of the financial statement of a Company''s subsidiary or subsidiaries, associate company or companies and joint venture or ventures is given as Annexure-ll.

During the year, the Company generated revenue of Rs. 947.10 Lacs at group level.

Further, the Annual Accounts and related documents of the subsidiary and associate company shall be kept open for inspection at the Registered & Corporate Office of the Company after their finalization. The Company will also make available copy thereof upon specific request by any Member of the Company for the same. Further, pursuant to Accounting Standards AS-21 issued by the Institute of Chartered Accountants of India, Consolidated Financial Statements presented by the Company in this Annual Report include the financial information of its Subsidiaries and Associates.

15. AUDITORS

The Auditors, M/s Ankur Vinod & Co., Chartered Accountants were appointed as the statutory auditors of the Company in the AGM held on 25th September, 2017 to hold office till the conclusion of 39th AGM of the Company

In accordance with the Companies Amendment Act, 2017, enforced on 7th May, 2018 by the Ministry of Corporate Affairs, the appointment of Statutory Auditors is not required to be ratified at every Annual General Meeting.

The Auditor has confirmed that they are not disqualified under any provisions of Section 141(3) of Companies Act, 2013 and also their engagement with the company is within the prescribed limits under section 141 (3)(g) of Companies Act, 2013

16. AUDITORS'' REPORT

The Auditors'' Report does not contain any qualification. Notes to Accounts and Auditors remarks in their report are self-explanatory and do not call for any further comments.

17. DISCLOSURE ABOUT COST AUDIT

As per the Cost Audit Orders, Cost Audit is not applicable to the Company''s for the FY 2017-18.

18. SECRETARIAL AUDIT REPORT

In terms of Section 204 of the Act and Rules made there under, M/s. Dharamveer Dabodia & Associates, Practicing Company Secretary has been appointed Secretarial Auditor of the Company. The report of the Secretarial Auditor is enclosed as Annexure III to this report.

The point-wise comments are enumerated as follows:

1. Delay in form filling

Due to oversight, the company failed to file some of the forms in prescribed time frame of Companies Act, 2013 and applicable additional fees has already been paid to Ministry of Corporate Affairs.

2. Company Engaged in Financing & Investment Activity

The Company is engaged in the business of Investing and granting of loan as enumerated in the main object of its Memorandum of Association.

19. INTERNAL AUDITS CONTROLS

In terms of Section 138 of the Companies Act, 2013 and Rule 13 of Company (Accounts) Rules, 2013, the Company appointed M/s Ankur K Gupta & Co., Chartered Accountants as Internal Auditor on 3rd February, 2016. 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 and corrective steps are taken as per the directions of Audit Committee on an ongoing basis to improve efficiency in operations.

20. VIGIL MECHANISM:

In pursuant to the provisions of section 177(9) & (10) of the Companies Act, 2013, a Vigil Mechanism for Directors and Employees to report their genuine concerns has been established. The Vigil Mechanism Policy has been uploaded on the website of the Company at www.apoorvaleasingfinance.com under investors/policy documents/Vigil Mechanism Policy link.

21. RISK MANAGEMENT POLICY

The Company has in place comprehensive risk management and minimization procedures, which are reviewed by the top management.

22. EXTRACT OF ANNUAL RETURN

As required pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014, an extract of annual return in MGT 9 forms part of this Annual Report as ANNEXURE I. The extract of annual return is also available at the website of company www.apoorvaleasingfinance.com

23. MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY WHICH HAVE OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR OF THE COMPANY TO WHICH THE FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT

There is no Material changes occurred subsequent to the close of the financial year of the Company to which the balance sheet relates and the date of the report like settlement of tax liabilities, operation of patent rights, depression in market value of investments, institution of cases by or against the company, sale or purchase of capital assets or destruction of any assets etc. However, Registrar of Companies, NCT of Delhi & Haryana has filed a winding up petition before Hon''ble National Company Law Tribunal under section 271 of the Companies Act, 2013. The matter is subjudice. Mr. Atul Singh Tyagi and M/s Times Capital Services Private Limited have given open offer to takeover the company and also for changing of management of the company.

24. COMPLIANCES OF REGULATION 39 OF SEBI (LODR) REGULATIONS, 2015

The said regulation is not applicable on the company as there are no unclaimed shares in the company.

25. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY''S OPERATIONS IN FUTURE

On 7th July, 2017, the Company has received a notice from the office of the Regional Director, Northern Region, under section 274(4) of the Companies Act, 2013 for winding up. The Company has not received any significant or material orders passed by the regulators or courts or tribunals impacting the going concern status and Company''s operations in future.

26. DETAILS

According to Section 134 (5)(e) of the Companies Act, 2013, the term Internal Financial Control (IFC) means the policies and procedures adopted by the Company for ensuring the orderly and efficient conduct of its business, including adherence to Company''s policies, the safeguard of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information.

The Company has a well placed internal financial control system, which ensures the all assets are safeguarded, and protected and that the transactions are authorized, recorded and reported correctly. The Company''s Internal Financial Control System also comprises of due compliances with Company''s policies and Standard Operating Procedures (SOPs) and audit and compliance by Internal Audit Team, M/s Ankur K Gupta & CO., Chartered Accountants, Delhi.

27. DEPOSITS

The company has neither accepted nor renewed any deposits falling under chapter V of Companies Act, 2013.

28. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186

The Company has provided following loans and guarantees and made following investments pursuant to Section 186 of the Companies Act, 2013:

a) Details of Investment

S.No.

Details of investment

Amount (Rs.)

1.

Investment in Listed Shares of Sun Pharma

2,407,996.30

2.

Mutual Fund-Franklin India Ultra Short Bond Fund

392,500,000.00

3.

Mutual Fund-ICICI Prudential Mutual Fund Collection

5,000,000.00

4.

Mutual fund-UTI Mutual Fund Collection

5,000,000.00

5.

Flat No. 307, Vasant Kunj

14,000,000.00

6.

Flat No. 403, Vasant Kunj

12,000,000.00

7.

Investment in Precious Stones

2,000,000.00

8.

Plot No. 73, Sector-45, Noida

17,550,800.00

9.

Shares of Akshat Commodity Limited

36,059,000.00

10.

Shares of Space Height Construction Pvt. Ltd.

1,587,500.00

Total

4,88,1,05,296.30

b) Details of Loan

SI. No

Particulars

Amount in INR

1.

Akshat Commodity Ltd.

34,300,000

2.

Am it Srivastava

2,500,000

3.

Ananya Dreams Homes Pvt. Ltd.

5,500,000

4.

Anmol Khatri

7,000,000

5.

Ashu Garments Pvt. Ltd.

5,400,000

6.

Brys Resorts Pvt Ltd

3,950,000

7.

Cloud Business Advisory Limited

3,000,000

8.

Deepak Bhandari

2,500,000

9.

Delight Buildcon Pvt. Ltd.

1,000,000

10.

Dolly J Studio LLP

17,500,000

11.

Dwarika Softech Solutions Pvt. Ltd.

42,500,000

12.

Espan Infrastructure Ltd.

15,000,000

13.

Falcon Buildtech

5,000,000

14.

HOTLIGHT WOODCRAFT

21,000,000

15.

Impex Softech Pvt. Ltd

8,000,000

16.

J.B.Spintex Pvt. Ltd.

5,000,000

17.

JS BhushanCap Fin

12,500,000

18.

Neeraj Kumar Singh

5,000,000

19.

Neeraj Singh HUF

8,000,000

20.

Prateek Sinha

3,000,000

21.

Rajinder Deepa

1,000,000

22.

Rocksand Support

17,000,000

23.

Siddhant Sharma

1,500,000

24.

SolitareSatyamPvt. Ltd

10,500,000

25.

Sparkle Edge LLP

7,000,000

26.

Spirare Energy Pvt. Ltd.

8,000,000

27.

SSK Construction Pvt. Ltd.

26,500,000

28.

Swarup Orimono Pvt. Ltd.

100,000

29.

Vanadiam Infra Project Pvt. Ltd.

8,000,000

30.

Vardhman Box & Printers Pvt. Ltd.

3,000,000

31.

Vikas Agarwal

2,500,000

29. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

The particulars of every contract or arrangements entered into by the Company with related parties referred to in sub-section (1) of section 188 of the Companies Act, 2013, are disclosed in Form No. AOC-2 as Annexure-lll of this report. With reference to section 134(3) (h) of Companies Act, 2013 all contracts and arrangement with related parties under section 188(1) entered by the Company during the financial year 2016-17 were in ordinary course of business and on arm length basis.

30. CORPORATE GOVERNANCE CERTIFICATE

The Compliance certificate from the auditors regarding compliance of conditions of Corporate Governance as stipulated in Regulation 27 of the SEBI (LODR) Regulations, 2015 is annexed with the report.

31. MANAGEMENT DISCUSSIONS AND ANALYSIS

The Management Discussion and Analysis forms part of this Annual Report for the year ended 31st March, 2018 is annexed for the reference of the stakeholders.

32. OBLIGATION OF COMPANY UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACTS, 2013

The company has in place an Anti Sexual Harassment policy in line with the requirement of the Sexual Harassment of Women at the workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal Complaint Committee has been set up to redress complaints received regarding sexual Harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy.

During the financial year 2017-18 the company has not received any Sexual Harassment complaint.

33. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

Since the Company is an investment Company and is engaged in the business of investment into various securities available in the market, it does not require to take steps for conservation of energy, utilize alternate sources of energy and to make capital Investment on energy conservation equipment''s.

Further, the Company''s nature of activity does not require it to obtain and absorb technology. Accordingly, the information related to technology absorption, adaptation and innovation is reported to be Nil.

Further, Company has not earned and made any expenditure in foreign currency during the financial year 2017-18, therefore foreign exchange In-Flow and Out-Flow was Nil during the year.

34. CORPORATE SOCIAL RESPONSIBILITY (CSR)

The Company is not covered by of the provisions of section 135 of the Companies Act, 2013 and the rules made thereunder, therefore, it is not mandatorily required to undertake the Corporate Social Responsibility (CSR) activities for the financial year 2017-18.

35. HUMAN RESOURCES

Your Company does not have large human resources as the primary business is investing activity. However, your Company continuously invests in attraction, retention and development of talent on an ongoing basis.

36. DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Companies Act, 2013, the Directors based on the representations received from the operating management and after due inquiry confirms that:

(a) in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

(b) the directors had 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;

(c) the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(d) the directors had prepared the annual accounts on a going concern basis; and

(e) the directors, had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.

(f) the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

37. TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND

The provisions of the said sections are not applicable to the company as no unpaid dividend is lying with the Company.

38. LISTING WITH STOCK EXCHANGES

The Company confirms that it has paid the annual listing fees for the Year 2017-18 to BSE where the Company''s shares are listed.

39. COMPLIANCE WITH SECRETARIAL STANDARDS

The Company has duly followed the applicable Secretarial standards, SS-1 &SS-2 relating to Meeting of the Board of Directors and General Meeting respectively.

40. ACKNOWLEDGEMENTS

Your Directors acknowledge the recognition given and trust reposed in your Company by the shareholders, clients, bankers, suppliers and associates and records their appreciation for the support lent by them.

For and on behalf of the Board of Directors

Apoorva Leasing Finance and Investment Company Limited

Sd/-

Sd/-

Atul Singh Tyagi

Suresh

Managing Director

Director

DIN-01335008

DIN- 07762126

Place: Noida

Date: 14th August 2018

ANNEXURE INDEX

ANNEXURE No.

CONTENT

1

Annual Return Extracts in MGT 9

II

Details of Subsidiaries and Associates-AOC-1

III

AOC 2 - Related Party Transactions

IV

MR-3 Secretarial Audit Report

V

Top Ten Employees in terms of remuneration drawn

Annexure-l to Directors Report for the Year ended 31st March 2018

FORM NO. MGT 9 EXTRACT OF ANNUAL RETURN

As on financial year ended on 31.03.2018

Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Company (Management & Administration) Rules, 2014

I. REGISTRATION & OTHER DETAILS:

1

CIN

L74899DL1983PLC016713

2

Registration Date

07/10/1983

3

Name of the Company

Apoorva leasing Finance And Investment Company Limited

4

Category of the Company Sub-category of the Company

Company Limited by shares Non-govt. Company

5

Address of the Registered office & contact details

13/331, Third Floor, Geeta Colony, Delhi-110034 Phone: 011-65333451

Corp. Off: C-l/9, Sector-31, Gautam Budh Nagar,Noida-201301 Phone: 0120- 4372849

6

Whether Listed company

Yes

7

Name, Address & contact details of the Registrar & Transfer Agent, if any.

Big Share Services Pvt. Ltd. 4E/8, First Floor, Jhandewalan Ext. , Delhi-110055 Phone: 011-22446748

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

(All the business activities contributing 10 % or more of the total turnover of the company shall be stated)

S.No.

Name and Description of main products / services

NIC Code of the Product/service

% to total turnover of the company

1

Financial Activities

64990

100%

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES.

S. No.

Name and Address of the Company

CIN/GLN

Holding/ Subsidiary /Associate

%age of Shares held

Applicable Section

1.

Avancer Infrasolution Pvt. Ltd.

U45400DL2011PTC222367

Associate

24.24

Section 2(6)

2.

Antriksh Stocks & Shares Broker Pvt. Ltd.

U74900DL1998PTC095832

Associate

50

Section 2(6)

3.

Space Height Constructions Pvt. Ltd.

U74899DL1991PTC044885

Subsidiary

53.24

Section 2(87)(ii) (a)

4.

Summer Infotech Pvt. Ltd

U72200DL2005PTC142601

Subsidiary

90.30

Section 2(87)(ii) (a)

5.

Yukati E Services Limited

U72200DL2006PLC147096

Subsidiary

82.76

Section 2(87)(ii)

6.

Cloud Business Advisory Ltd.

U74999DL2016PLC292627

Subsidiary

100

Section 2(87)(ii)

7.

Akshat Commodity Limited

U93000UR1992PLC033416

Associate

24.93

Section 2(6)

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)

A. Category-wise Share Holding

Category of Shareholders

No. of Shares held at the beginning of the year

No. of Shares held at the end of the year

% Change during the year

Demat

Physical

Total

% of Total Shares

Demat

Physical

Total

% of Total Shares

A. Promoters

(1) Indian

a) Individual/ HUF

0

0

0

0

0

0

0

0

0

b) Centra IGovt

0

0

0

0

0

0

0

0

0

c) State Govt(s)

0

0

0

0

0

0

0

0

0

d) Bodies Corp.

0

0

0

0

0

0

0

0

0

e) Banks /Fl

0

0

0

0

0

0

0

0

0

f) Any other

0

0

0

0

0

0

0

0

0

Total shareholding of Promoter (A)

0

0

0

0

-

0

0

0

0

B. Public Shareholding

0

0

0

0

0

0

0

0

0

01. Institutions

0

0

0

0

0

0

0

0

0

a) Mutual Funds

0

0

0

0

0

0

0

0

0

b) Banks /Fl

0

0

0

0

0

0

0

0

0

c) Central Govt

0

0

0

0

0

0

0

0

0

d) State Govt(s)

0

0

0

0

0

0

0

0

0

e) Venture Capital Funds

0

0

0

0

0

0

0

0

0

f) Insurance Companies

0

0

0

0

0

0

0

0

0

g) Flls

0

0

0

0

0

0

0

0

0

h) Foreign Venture Capital Funds

0

0

0

0

0

0

0

0

0

i) Others (specify)

0

0

0

0

0

0

0

0

0

Sub-total (B)(l):-

0

0

0

0

0

0

0

0

0

2. Non-Institutions

a) Bodies Corp.

i) Indian

ii) Overseas

0

0

0

0

0

0

0

0

0

b) Individuals

0

0

0

0

0

0

0

0

0

i) Individual shareholders holding nominal share capital up to Rs. 2 lakh

21680

34300

55980

0.28

42070

34300

76370

0.38

0.10

ii) Individual shareholders holding nominal share capital in excess of Rs 2 lakh

1948200

0

1948200

9.75

1317560

0

1317560

6.59

-3.16

c) Others (Body Corporate)

15365420

2605300

1797070

89.97

16365670

2215300

18580970

93.03

3.06

Non Resident Indians

0

0

0

0

0

0

0

0

0

Overseas Corporate Bodies

0

0

0

0

0

0

0

0

0

Foreign Nationals

0

0

0

0

0

0

0

0

0

Clearing Members

0

0

0

0

0

0

0

0

0

Trusts

0

0

0

0

0

0

0

0

0

Foreign Bodies - D R

0

0

0

0

0

0

0

0

0

Sub-total (B)(2):-

17335300

2639600

19974900

100

17725300

22499600

19974900

100

0

Total Public Shareholding (B)=(B)(1) (B)(2)

17335300

2639600

19974900

100

17725300

22499600

19974900

100

0

C. Shares held by Custodian for GDRs &ADRs

0

0

0

0

0

0

0

0

0

Grand Total (A B C)

17335300

2639600

19974900

100

17725300

22499600

19974900

100

0

B. Shareholding of Promoter-

SN

Shareholder''s Name

Shareholding at the beginning of the year

Shareholding at the end of the year

% change in shareholding during the year

No. of Shares

% of total Shares of the company

%of Shares Pledged / encumbered to total shares

No. of Shares

% of total Shares of the company

%of Shares Pledged / encumbered to total shares

1

Sri Amarnath Finance Ltd.

0

0

0

0

0

0

0

2

Surender Kumar Jain

0

0

0

0

0

0

0

TOTAL

0

0

0

0

0

0

0

Change in Promoters'' Shareholding (please specify, if there is no change)

SN

Particulars

Shareholding at the beginning of the year

Cumulative Shareholding during the year

No. of shares

% of total shares of the company

No. of shares

% of tota Isharesofthe company

1

Sri Amarnath Finance Limited

At the beginning of the year

0

0

0

0

Change during the year

No Change during the year

At the end of the year

0

0

2

Surender Kumar Jain

At the beginning of the year

0

0

0

0

Change during the year

No Change during the year

At the end of the year

0

0

-

-

Shareholding Pattern of top ten Shareholders:

(Other than Directors, Promoters and Holders of GDRs and ADRs):

S.No.

Shareholders Name

Shareholding at the beginning of the year

Cumulative Shareholding during the year

No. of shares

% of total shares of the company

No. of shares

% of total shares of the company

1

KD Stock Broking Private Limited

At the beginning of the year

33,98,300

17.01

Changes during the year

33,98,300

17.01

At the end of the year

33,98,300

17.01

33,98,300

17.01

2

Times Capital Services Private Limited

At the beginning of the year

22,06,000

11.04

Changes during the year

1,98,500

0.99

At the end of the year

24,04,500

12.03

24,04,500

12.03

3

Varima Exports Pvt Ltd

At the beginning of the year

21,71,000

10.86

-

-

Changes during the year

2,09,000

1.05

At the end of the year

23,80,000

11.91

23,80,000

11.91

4

Lovely Securities Private Limited

At the beginning of the year

13,94,500

6.98

-

-

Changes during the year

-

-

13,94,500

6.98

At the end of the year

13,94,500

6.98

13,94,500

6.98

5

Hillridge Investments Limited

At the beginning of the year

10,18,000

5.096

Changes during the year-No Change

10,18,000

5.096

At the end of the year

10,18,000

5.096

10,18,000

5.096

6

Prosoft Trading Private Limited

At the beginning of the year

8,57,870

4.29

-

-

Changes during the year

-

-

8,57,870

4.29

At the end of the year

8,57,870

4.29

8,57,870

4.29

7

MACOR PACKAGING LIMITED

At the beginning of the year

7,27,300

3.64

-

Changes during the year

-

-

7,27,300

3.64

At the end of the year

7,27,300

3.64

7,27,300

3.64

8

Reliable Finance Corpn Pvt Ltd

At the beginning of the year

4,99,500

2.50

Changes during the year

At the end of the year

4,99,500

2.50

4,99,500

2.50

9

Manjeet Singh

At the beginning of the year

9,20,100

4.61

-

-

Changes during the year

-4,32,600

-2.17

-

-

At the end of the year

4,87,500

2.44

4,87,500

2.44

10

Silvant Investment And Finance Pvt Ltd

At the beginning of the year

3,99,000

2.00

Changes during the year

3,99,000

2.00

At the end of the year

3,99,000

2.00

3,99,000

2.00

11

Paschim Finance And Chit Fund Pvt Ltd

At the beginning of the year

3,99,000

2.00

-

-

Changes during the year

3,99,000

2.00

At the end of the year

3,99,000

2.00

3,99,000

2.00

12

Bagh Kothi Investment & Finance Pvt Ltd

At the beginning of the year

3,99,000

2.00

-

-

Changes during the year

-

-

3,99,000

2.00

At the end of the year

3,99,000

2.00

3,99,000

2.00

13

GPN Associates Pvt Ltd

At the beginning of the year

3,99,000

2.00

Changes during the year

3,99,000

2.00

At the end of the year

3,99,000

2.00

3,99,000

2.00

14

Danveer Investments Pvt Ltd

At the beginning of the year

3,99,000

2.00

-

-

Changes during the year

-

-

3,99,000

2.00

At the end of the year

3,99,000

2.00

3,99,000

2.00

15

Twinkle Mercantile & Credits Pvt. Ltd

At the beginning of the year

3,99,000

2.00

Changes during the year

-

-

3,99,000

2.00

At the end of the year

3,99,000

2.00

3,99,000

2.00

16

Hum Turn Marketing Pvt. Ltd

At the beginning of the year

3,99,000

2.00

Changes during the year

3,99,000

2.00

At the end of the year

3,99,000

2.00

3,99,000

2.00

17

Nandi Mercantiles Pvt. Ltd.

At the beginning of the year

3,99,000

2.00

-

-

Changes during the year

-

-

3,99,000

2.00

At the end of the year

3,99,000

2.00

3,99,000

2.00

18

Edoptica Retail India Ltd.

At the beginning of the year

3,99,000

2.00

Changes during the year

3,99,000

2.00

At the end of the year

3,99,000

2.00

3,99,000

2.00

19

Shanta Agencies Put. Ltd.

At the beginning of the year

3,99,000

2.00

-

-

Changes during the year

-

-

3,99,000

2.00

At the end of the year

3,99,000

2.00

3,99,000

2.00

20

VA Realcon Private Limited

At the beginning of the year

3,99,000

2.00

Changes during the year

-

-

3,99,000

2.00

At the end of the year

3,99,000

2.00

3,99,000

2.00

21

Star Infovision Private Limited

At the beginning of the year

3,99,000

2.00

Changes during the year

3,99,000

2.00

At the end of the year

3,99,000

2.00

3,99,000

2.00

E. Shareholding of Directors and Key Managerial Personnel:

SN 1.

Shareholding at the beginning of the year

Cumulative Shareholding during the year

No. of shares

% of total shares of the company

No. of shares

% of total shares of the company

1.

Neha Nimja

At the beginning of the year

Nil

Nil

Nil

Nil

Changes during the Year - No change

No Change During the Year

At the end of the year

Nil

Nil

2.

Suresh

At the beginning of the year

Nil

Nil

Nil

Nil

Changes during the Year - No change

No Change During the Year

At the end of the year

Nil

Nil

-

-

3.

Anupama Singh Tyagi

At the beginning of the year

Nil

Nil

Nil

Nil

Changes during the Year - No change

No Change During the Year

At the end of the year

Nil

Nil

-

-

4.

Atul Singh Tyagi

At the beginning of the year

Nil

Nil

Nil

Nil

Changes during the Year - No change

No Change During the Year

At the end of the year

Nil

Nil

5.

Nikita Rohilla

At the beginning of the year

Nil

Nil

Nil

Nil

Changes during the Year - No change

No Change During the Year

At the end of the year

Nil

Nil

-

-

V. INDEBTEDNESS-Indebtedness of the Company including interest outstanding/accrued but not due for payment.

INDEBTEDNESS

Secured Loans excluding deposits

Unsecured Loans

Deposits

Total Indebtedness

Indebtedness at the beginning of the financial year

-

-

-

-

i) Principal Amount

-

-

-

-

ii) Interest due but not paid

-

-

-

-

iii) Interest accrued but not due

Total (i ii iii)

-

-

-

-

Change in Indebtedness during the financial year

* Addition

-

-

-

-

* Reduction

-

-

-

Net Change

Indebtedness at the end of the financial year

-

-

-

-

i) Principal Amount

-

-

-

-

ii) Interest due but not paid

-

-

-

-

iii) Interest accrued but not due

-

-

-

Total (i ii iii)

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL-

A. Remuneration to Managing Director, Whole-time Directors and/or Manager:

SN

Particulars of Remuneration

Name of MD/ WTD/ Manager

Name of MD/WTD/ Manager

Name of MD/WTD/ Manager

Total Amount

Mr. Atul Singh Tyagi (MDcumCFO)

1

Gross salary

39,00,000

-

-

39,00,000

(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961

(b) Value of perquisites u/s 17(2) Income-tax Act, 1961

-

-

-

-

(c) Profits in lieu of salary under section 17(3) Income- tax Act, 1961

2

Stock Option

-

-

-

-

3

Sweat Equity

4

Commission - as % of profit - others, specify...

5

Others, please specify

-

-

-

-

Total (A)

39,00,000

39,00,000

Ceiling as per the Act

5%

B. Remuneration to other directors

SN

Particulars of Remuneration

Name of Directors

Total Amount

1

Independent Directors

Neha Nimja

Suresh

Nil

Fee for attending board committee meetings

Nil

Nil

Nil

Commission

Nil

Nil

Nil

Others, please specify

Nil

Nil

Nil

Total (1)

Nil

Nil

Nil

2

Other Non-Executive Directors

Anupama Singh Tyagi

N.A.

Fee for attending board committee meetings

Nil

Nil

Nil

Commission

Nil

Nil

Nil

Others, please specify

Nil

Nil

Nil

Total (2)

Nil

Nil

Nil

Total (B)=(l 2)

Nil

Nil

Nil

Nil

Nil

Nil

Total Managerial Remuneration

Nil

Nil

Nil

Nil

Nil

Nil

Overall Ceiling as per the Act

Rs. 1 Lacs Per Meeting

B. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD

SN

Particulars of Remuneration

Key Managerial Personnel

CEO

Nikita Rohilla

Aditi (CS)

Total

1

Gross salary

2,10,792

20,000

2,30,732

(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961

2,10,792

20,000

(b) Value of perquisites u/s 17(2) Income-tax Act, 1961

(c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961

-

-

-

-

2

Stock Option

-

-

-

-

3

Sweat Equity

-

-

-

-

4

Commission

-

- as % of profit

others, specify...

5

Others, please specify

Total

-

2,10,792

20,000

2,30,732

** AtuI Singh Tyagi is the CFO and Managing Director and draws the salary as Managing Director. VII. PENALTIES/ PUNISHMENT/ COMPOUNDING OF OFFENCES:

Type

Section of the Companies Act

Brief Description

Details of Penalty / Punishment / Compounding fees imposed

Authority [RD / NCLT/ COURT]

Appeal made, if any (give Details)

A. COMPANY

Penalty

Nil

Nil

Nil

Nil

Nil

Punishment

Nil

Nil

Nil

Nil

Nil

Compounding

Nil

Nil

Nil

Nil

Nil

B. DIRECTORS

Penalty

Nil

Nil

Nil

Nil

Nil

Punishment

Nil

Nil

Nil

Nil

Nil

Compounding

Nil

Nil

Nil

Nil

Nil

C. OTHER OFFICERS IN DEFAULT

Penalty

Nil

Nil

Nil

Nil

Nil

Punishment

Nil

Nil

Nil

Nil

Nil

Compounding

Nil

Nil

Nil

Nil

Nil

For and on behalf of the Board of Directors

Apoorva Leasing Finance and Investment Company Limited

Sd/-

Sd/-

Atul Singh Tyagi

Suresh

Managing Director

Director

DIN-01335008

DIN- 07762126

Place: Noida

Date: 14th August, 2018

Annexure-ll to Directors Report for the year ended 31st March, 2018 STATEMENT PURSUANT TO FIRST PROVISO TO SUB -SECTION (3) OF SECTION 129 READ WITH RULE 5 OF COMPANIES (ACCOUNTS) RULES, 2014

PART-A SUBSIDIARIES

S.No.

Name of Subsidiary

Yukati E Services Limited

Cloud Business Advisory Ltd.

Summer Infotech Pvt. Ltd

Space Height Constructions Pvt. Ltd

1

Date Since When Subsidiary Was Acquired

31st March, 2016

15th March, 2018

31st March, 2016

9th October, 2017

2

Reporting Period Of The Subsidiary If Different From The Holding Company''s Reporting Period.

Same as Holding

Same as Holding

Same as Holding

Same as Holding

3

Reporting Currency And Exchange Rate As On The Last Date Of The Relevant Financial Year In The Case Of Foreign Subsidiaries

INR

INR

INR

INR

4

Share Capital

36,25,000 /-

1,00,000/-

25,47,0007-

15,02,700/-

5

Reserves And Surplus

3,35,39,1787-

(4,658)/-

10,29,45,625/-

4,47,90,466/-

6

Total Assets

5,18,83,287/-

32,54,411/-

10,56,03,729/-

4,64,60,400/-

7

Total Liabilities

5,18,83,287/-

32,54,411/-

10,56,03,729/-

4,64,60,400/-

8

Investments

3,39,85,750/-

22,97,739/-

2,24,60,700/-

2,45,84,405/-

9

Turn Over

8,14,762/-

29,048/-

6,56,089/-

2,48,000/-

10

Profit / Loss Before Tax

(1,23,518)/-

6,979/-

2,53,224/-

(4,40,962)

11

Provision For Tax

70,164

65 204/-

5,189/-

12

Profit / Loss After Tax

(1,93,682)/-

6,979/-

1,88,020/-

4,46,151/-

13

Proposed Dividend

14

Extent Of Shareholding (In Percentage)

82.76%

100%

*90.30%

53.24%

* The Company holds 45.15% shareholding directly and 45.15% through one of its subsidiaries.

PART- B ASSOCIATES AND JOINT VENTURES

S.No.

Name of Associates or Joint Ventures

Avancer Infrasolution Pvt. Ltd

Antriksh Stocks & Shares Broker Pvt. Ltd

Akshat Commoduty Ltd.

1.

Last Audited Balance Sheet date

31st March, 2018

31st March, 2018

31st March, 2018

2.

Date on which the Associate or Joint Venture was associated or acquired

13.01.2016

31.03.2016

18.12.2017

3.

Shares of the Associate or Joint Venture held by the company on the year end:

Number

3,200

20,000

14,25,257

Amount of Investment in the Associate or Joint Venture

80,00,0007-

2,00,000/-

3,60,59,000/-

Extent of holding (in percentage)

24.24%

50%

24.94

4.

Description of how there is significant influence

Holding of more than 20% of Share capital

Holding of more than 20% of Share capital

Holding of more than 20% of Share capital

5.

Reason why the associate/joint venture is not consolidated

6.

Net worth attributable to shareholding as per latest audited balance sheet

80,29,817/-

1,32,30,770/-

14,48,22,401

7.

Profit or Loss for the year

4,280/-

41,628/-

4,31,425

0)

Considered in consolidation

1,037/-

20,814/-

20,814

(ii)

Not Considered in consolidation

3,243/-

20,814/-

4,10,611

For and on behalf of the Board of Directors

Apoorva Leasing Finance and Investment Company Limited

Sd/-

Sd/-

Atul Singh Tyagi

Suresh

Managing Director

Director

DIN-01335008

DIN- 07762126

Place: Noida

Date: 14th August, 2018

Annexure-lll to Directors Report for the year ended 31st March, 2018

FORM NO. AOC -2 (Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014.

Form for Disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub section (1) of section 188 of the Companies Act, 2013 including certain arms length transaction under third proviso thereto.

1. Details of contracts or arrangements or transactions not at Arm''s length basis.

SL. No.

Particulars

Details

a)

Name (s) of the related party & nature of relationship

Not Applicable

b)

Nature of contracts/arrangements/transaction

Not Applicable

c)

Duration of the contracts/arrangements/transaction

Not Applicable

d)

Salient terms of the contracts or arrangements or transaction including the value, if any

Not Applicable

e)

Justification for entering into such contracts or arrangements or transactions''

Not Applicable

f)

Date of approval by the Board

Not Applicable

g)

Amount paid as advances, if any

Not Applicable

h)

Date on which the special resolution was passed in General meeting as required under first proviso to section 188

Not Applicable

2. Details of contracts or arrangements or transactions at Arm''s length basis.

S.

No

Name of the Related Party & Nature of relationship

Nature of Contracts /Arrangements/Transaction

Duration of the Contracts/arrangements/tra nsaction

Salient terms of the contracts or arrangements or transaction including the value, if any

Date of

Approval by the Board

1.

Anupama Singh Tyagi Director of the company

Purchase of property

As per mutual consent

3rd September 2016

For and on behalf of the Board of Directors

Apoorva Leasing Finance and Investment Company Limited

Sd/-

Sd/-

Atul Singh Tyagi

Suresh

Managing Director

Director

DIN-01335008

DIN- 07762126

Place: Noida

Date: 14th August, 2018

Annexure-IV to Director Report for the year ended Sl^March, 2018

Form No. MR-3

SECRETARIAL AUDIT REPORT

FOR THE FINANCIAL YEAR ENDED 31st March, 2018

[Pursuant to section 204(1} of the Companies Act, 2013 and rule No.9 of the Companies (Appointment and Remuneration Personnel) Rules, 2014]

To,

The Members,

Apoorva Leasing Finance and Investment Company Limited

We have conducted the Secretarial Audit of the compliance of applicable statutory provisions and the adherence to good corporate practices by Apoorva Leasing Finance and Investment Company Limited (hereinafter called the Company). Secretarial Audit was conducted in a manner that provided us a reasonable basis for evaluating the corporate conducts/statutory compliances and expressing my opinion thereon.

Based on our verification of the Company''s books, papers, minute books, forms and returns filed and other records maintained by the company and also the information provided by the Company, its officers, agents and authorized representatives during the conduct of secretarial audit, We hereby report that in our opinion the company has, during the audit period covering the financial year ended on 31st March, 2018, complied with the statutory provisions listed hereunder and also that the Company has proper Board-processes and compliance-mechanism in place to the extent, in the manner and subject to the reporting made hereinafter:

PARA ONE

We have examined the books, papers, minute books, forms and returns filed and other records maintained by Apoorva Leasing Finance and Investment Company Limited (the Company) for the financial year ended on 31st March, 2018, according to the provisions of:

(i) The Companies Act, 2013 (the Act) and the rules made hereunder;

(ii) The Securities Contracts (Regulation) Act, 1956 (''SCRA'') and the rules made hereunder;

(iii) The Depositories Act, 1996 and the Regulations and Bye-laws framed hereunder;

(iv) *Foreign Exchange Management Act, 1999 and the rules and regulations made there under to the extent of Foreign Direct Investment, Overseas Direct Investment and

External Commercial Borrowings; (v) The following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act, 1992 (''SEBI Act''):-

(a) The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;

(b) The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations,2015;

(c) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009;

(d) The Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999;

(e) The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008;

(f) The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 regarding the Companies Act and dealing with client;

(g) The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009; and (h) The Securities and Exchange Board of India (Buyback of Securities) Regulations,1998;

* No Event took place under these regulations during the Audit Period.

(vi) I have also examined the Compliances of the Provisions of the following other laws applicable specifically to the Company wherein I have also relied on the Compliance Certificates/declaration issued by the head of the respective department/management in addition to the checks carried out by me and found that company has complied with all the provisions of said Acts except the below mentioned observation in respect of the said Acts.

1. The Minimum wages Act, 1948

2. The Employee''s State Insurance Act, 1948

Observations in Clause fil Para One of Our Report

1. According to information and Explanation and verification of forms and returns maintained by Company, the Company as required under Section 403 paid the prescribed additional fees in case of delayed filing.

2. According to the explanations given to us by the company and as per the management due to its turnover in commodity future and option, the company does not satisfy the conditions required to get registered u/s 45-IAof the Reserve Bank India Act 1934.

3. The Registrar of Companies, NCT of Delhi & Haryana has filed a winding-up petition against the Company U/s 271 of the Companies Act, 2013. The matter is pending before Hon''ble National Company Law Tribunal, New Delhi

PARA SECOND

We have also examined compliance with the applicable clauses of the following:

(j) Secretarial Standards on meetings of the Board of Directors (SS-1) and Secretarial Standards on General Meeting (SS-2) isOsued by Institute of Company Secretaries of India.

(ii) The Listing Regulations entered into by the Company with BSE Ltd.

Based on our verification of the Company''s Books, papers, minutes books, forms and returns filed and other records maintained by the Company and also the information provided by the Company, its officers, agents, and its authorized representatives during the conduct of Secretarial Audit we hereby report that in our opinion during the period under review the Company has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc. mentioned above.

We further report that,

The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent Directors. The changes in the composition of the Board of Directors that took place during the period under review were carried out in compliance with the provisions of the Act.

Adequate notice is given to all directors to schedule the Board Meetings. Agenda and detailed note on agenda were sent at least seven days in advance, and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting. Majority decisions are carried through while the dissenting members'' views are captured and recorded as part of the minutes.

We further report that here are adequate systems and processes in the company commensurate with the size and operations of the company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.

We further report that during the audit period the company has:

1. Taken the approval of Shareholders in 34th Annual General Meeting of the Company held on 25th September, 2017

(a) Appointment of Ms. Neha Nimja as Independent Director of the Company

(b) Appointment of Mr. Suresh as Independent Director of the Company

(c) Revision of remuneration of Mr. Atul Singh Tyagi, Manging Director.

(d) Approval of the Related Party Transaction for the Financial Year 2017-18

(e) Delegation of power to contribute to the bonafide charitable fund.

Place: New Delhi

Date: 14.08.2018

For Dharamveer Dabodia and Associates

Company Secretaries

CS Dharamveer Dabodia

ACS No. 29365

CPNo.: 14305

Note: This report is to be read with our letter of even date, which is annexed as Annexure-A, and forms as integral part of this report. Annexure A to the Secretarial Audit Report for the Financial Year ending 31st March, 2018.

To

The Members

Apoorva Leasing Finance and Investment Company Limited

1. Maintenance of secretarial record is the responsibility of the management of the Company. Our responsibility is to express an opinion on these secretarial records based on our audit.

2. We have followed the audit practices and processes as were appropriate to obtain reasonable assurance about the correctness of the contents of the secretarial records. The verification was done on the random test basis to ensure that correct facts are reflected in secretarial records. We believe that the processes and practices, we followed provide a reasonable basis for our opinion.

3. We have not verified the correctness and appropriateness of financial records and Books of Accounts of the Company.

4. Where ever required, we have obtained the Management representation about the compliance of laws, rules and regulations and happening of events etc.

5. The compliance of the provisions of Corporate and other applicable laws, rules, regulations, standards is the responsibility of management. Our examination was limited to the verification of procedures on the random test basis.

6. The Secretarial Audit report is neither an assurance as to the future viability of the company nor of the efficacy or effectiveness with which the management has conducted the affairs of the Company.

Place: New Delhi

Date: 14.08.2018

For Dharamveer Dabodia and Associates

Company Secretaries

CS Dharamveer Dabodia

ACS No. 29365

CPNo.: 14305

Annexure -V to Directors Report for the year ended 31st March, 2018

STATEMENT PURSUANT TO SUB-SECTION (12) OF SECTION 197 READ WITH RULE 5 OF COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES,2014

Remuneration

Qualification

Nature of employment

S.No.

Name

Designation

in Rupees

Exp.

DOJ

Age

Last employment

M.Com

Atul Singh

(Eco),

13-02-

1.

Tyagi

MDcum CFO

39,00,000

LLB

25

Permanent

2016

53

Businessman

Deepali

Analystfcommodity

M.A

01-05-

DB International Stock

2.

Srivastava

Market)

3,40,000

6

Permanent

2016

27

Broker Ltd.

01-04-

3.

Pooja Soni

IT Support Manager

3,03,000

B.Sc (IT)

6

Permanent

2016

30

Ace Corporation

High

School

01-04-

4.

Sajid Khan

Executive

2,49,530

7

Permanent

2015

51

HMT

Senior

Sec

01-04-

5.

Reeta Sahni

Assistant (Accounts

2,31,000

1

Permanent

2016

35

Nil

Senior

Sharda

Sec

01-04-

6.

Prashad Soni

Runner

2,22,450

17

Permanent

2015

40

Businessman

B.com

(H), CS

31-07-

7.

Nikita Rohilla

Company Secretary

2,10,792

1.5

Permanent

2017

26

SPN Legal, Advocates

Senior

Sec

01-04-

8.

Pooja Gambhir

Assitant Banking

2,02,167

3

Permanent

2016

41

Om Logistics

High

11-07-

School

9.

Lalit Kumar

Office Assistant

1,81,253

11

Permanent

2016

38

Businessman

B.Com

01-04-

10.

Azad Saifi

Senior Dealer

1,75,000

11

Permanent

2017

31

Pace Financial Services

B.Com

Permanent

11.

Khalid Sartaj

Senior Dealer

175000

9

2017

32

Pace Financial Services

B.Com

Permanent

12.

Pankaj Jain

Technical Analyst

1,75,000

3

2016

31

J P Commodity Ltd.

Source : Dion Global Solutions Limited
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