To
The Members of KD Leisures Limited
Your Directors have pleasure in presenting the 41st Annual Report on the business and
operations of the Company together with the Audited Financial Statements of Accounts of
the Company for the Financial Year ended March 31, 2022.
1. FINANCIAL RESULTS:
|
|
(Figures in Lakhs) |
| P A R T I C U L A R S |
F.Y. 2021-22 |
F.Y. 2020-21 |
| Revenue from Operations |
10.76 |
25.96 |
| Other Income |
21.79 |
12.30 |
| Total Revenue |
32.55 |
38.26 |
| Employee Benefit Expenses |
3.48 |
3.40 |
| Finance Cost |
0.01 |
0.01 |
| Depreciation and Amortization Expenses |
1.10 |
1.12 |
| Other Expenses |
11.17 |
37.81 |
| Total Expenses |
15.76 |
42.34 |
| Profit/(Loss) Before Tax |
16.79 |
(4.07) |
| Less: Tax Expense |
|
|
| Current tax |
4.78 |
- |
| Deferred tax |
- |
- |
| Income Tax for Earlier Year |
- |
- |
| Profit/(Loss) for the Year |
12.01 |
(4.07) |
| Earning Per Shares Basic |
0.371 |
(0.126) |
| Earning Per Shares Diluted |
0.371 |
(0.126) |
2. COMPANY'S OPERATIONS:
During the Financial Year ended 31st March, 2022, the Company has achieved total
revenue of Rs. 32.55 Lakhs as against the Rs. 38.26 Lakhs during the previous year. During
the year under review the Company has earned Net Profit Rs. 12.01 Lakhs as compared to Net
Loss of Rs. 4.07 Lakhs in previous year. The management of the Company is continuously
putting their best efforts to improve the performance of the Company.
3. SHARE CAPITAL:
The Authorized Share Capital of the Company is INR 3,50,00,000/- (Indian Rupees Three
Crore and Fifty Lakh) divided into 35,00,000 (Thirty-Five Lakh) Equity Shares of INR 10/-
(Indian Rupees Ten Only) each. During the year under review, there was no change in the
Company's Issued, Subscribed and Paid-up Equity Share Capital. On March 31, 2022, the
Paid-up Capital stood at INR 3,24,00,000/- (Three Crore and Twenty-Four Lakh Only) divided
into 32,40,000 (Thirty-Two Lakh and Forty Thousand) Equity Shares of INR 10/- (Indian
Rupees Ten Only) each.
4. DEPOSITS:
During the year under review, your Company has not accepted any deposits, falling
within the meaning of Section 73 of the Companies Act, 2013 and the Companies (Acceptance
of Deposits) Rules, 2014.
5. DIVIDEND:
The Board of Directors did not recommend any dividend during the year under review.
6. TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND:
The provisions of Section 125(2) of the Companies Act, 2013 do not apply as there was
no dividend declared and paid during the year.
7. AMOUNTS, IF ANY, WHICH IT PROPOSES TO CARRY TO ANY RESERVES:
No amount is proposed to be transferred to reserves for financial year 2021-22.
8. CHANGE IN THE NATURE OF BUSINESS, IF ANY:
During the year under review, there was no change in the nature of the business of the
Company.
9. EXTRACT OF ANNUAL RETURN:
The details of forming part of the extract of the annual return in terms of Section
92(3) of the Companies Act, 2013 for the financial year under review is available at
website of the company http://www.kdgroup.co.in/.
10. DIRECTORS & KEY MANAGERIAL PERSONNEL:
Composition of Board of Directors and KMP
The Board of Directors and Key Managerial Personnel is duly constituted, as on date is
mentioned below.
| DIN No. / PAN |
Name Of Director |
Designation |
Date of Appointment |
Date of Resignation |
| 09160320 |
Mr. Mandeep Singh Thukral |
Managing Director (MD) Chief Financial Officer (CFO) |
29/04/2021 09/11/2021 |
NA |
| 09160424 |
Mr. Parminder Singh |
Executive Director |
29/04/2021 |
NA |
| 09253032 |
Mr. Raj Kumar |
Non-Executive Director |
12/08/2021 |
16/03/2022 |
| 09298848 |
Ms. Sapna Kumari |
Non- Executive, Woman Director |
30/08/2021 |
10/08/2022 |
| 06798717 |
Mr. Satishkumar Phoolchand Rajbhar |
Non-Executive Independent Director |
14/05/2014 |
14/03/2022 |
| 07008158 |
Mr. Rajni Jethalal Shah |
Non-Executive Independent Director |
01/11/2014 |
14/03/2022 |
| 09532209 |
Mr. Dileep Kumar |
Additional Non-Executive Independent Director |
14/03/2022 |
NA |
| 09532387 |
Mr. Angad Bijan |
Additional Non-Executive Independent Director |
14/03/2022 |
NA |
| 09527249 |
Mrs. Gunjan Gumber |
Additional Non Executive Woman Director |
10/08/2022 |
NA |
| ATFPR2998N |
Ms. Supreet Kaur Rekhi |
Company Secretary |
13/11/2019 |
10/08/2022 |
| DQFPK6574R |
Mr. Kushal |
Company Secretary |
10/08/2022 |
NA |
Changes in Composition of Board and Key Managerial Personnel
- Mr. Raj Kumar was appointed as an Additional Non-Executive Director on the board of
the Company with effect from 12th August, 2021 and resigned from his post with effect from
16th March, 2022.
- Mr. Mandeep Singh Thukral was appointed as Chief Financial Officer (KMP) of the
Company with effect from 09th November, 2021.
- Mr. Dileep Kumar was appointed as an Additional Non Executive Independent Director on
the board of the Company with effect from 14th March, 2022.
- Mr. Angad Bijan was appointed as an Additional Non Executive Independent Director on
the board of the Company with effect from 14th March, 2022.
- Mr. Satishkumar Phoolchand Rajbhar resigned as an Independent Director of the Company
with effect from 14th March, 2022.
- Mr. Rajni Jethalal Shah resigned as an Independent Director of the Company with
effect from 14th March, 2022
- Mr. Raj Kumar resigned as a Director of the Company with effect from 16th
March, 2022.
- Mrs. Gunjan Gumber was appointed as an Additional Non Executive Woman Director on the
board of the Company with effect from 10th August, 2022
- Mrs. Sapna Kumari resigned as an Non-Executive Director of the Company with effect
from 10th August, 2022
- Ms. Supreet Kaur Rekhi resigned as a Company Secretary and compliance officer of the
Company with effect from 10th August, 2022
- Mr. Kushal was appointed as a Company Secretary and Compliance officer of the Company
with effect from 10th August, 2022
11. NUMBER OF MEETINGS OF THE BOARD OF DIRECTORS
During the Financial Year 21-22 the Board was met 06 (Six) times in below mentioned
date:
| ? 22nd June, 2021; |
| ? 12th August, 2021; |
| ? 30th August, 2021; |
| ? 09th November, 2021; |
| ? 12th January, 2022; and |
| ? 14th March, 2022 |
The gap between the Board Meetings was within the period prescribed under Companies
Act, 2013 and Secretarial Standard issued by the ICSI.
| S. No. Name Of Director |
Designation |
No. of Board Meeting eligible to attend |
No. of Meetings attended |
No. Meeting in which absent |
| 1. Mr. Mandeep Singh Thukral |
Managing Director (MD) |
6 |
6 |
0 |
|
Chief Financial Officer (CFO) |
2 |
2 |
0 |
| 2. Mr. Parminder Singh |
Executive Director |
6 |
6 |
0 |
| 3. Ms. Sapna Kumari |
Non-Executive, Woman Director |
3 |
3 |
0 |
| 4. Mr. Raj Kumar |
Non-Executive Director |
4 |
4 |
0 |
| 5. Mr. Satishkumar Phoolchand Rajbhar |
Non-Executive Independent Director |
6 |
6 |
0 |
| 6. Mr. Rajni Jethalal Shah |
Non-Executive Independent Director |
6 |
6 |
0 |
| 7. Mr. Dileep Kumar |
Additional Non Executive Independent Director |
NA |
NA |
NA |
| 8. Mr. Angad Bijan |
Additional Non Executive Independent Director |
NA |
NA |
NA |
| 9. Mrs. Gunjan Gumber |
Additional Non Executive Woman Director |
NA |
NA |
NA |
12. MATERIAL CHANGES AND COMMITMENTS AFFECTING FINANCIAL
POSITION OF THE COMPANY:
After COVID-19 pandemic the situation has come back to its normal in this respect. The
revenues and profitability have been affected during these tough times, in line with the
industry for few months of delay. The Company has readiness to adapt to the changing
business environment and respond suitably to fulfil the needs of its customers while
complying with the restrictions imposed by the Government of India. In Addition, there are
no material changes or commitments which affect the financial position of the company have
occurred between the end of the financial year of the company and the date of this report.
13. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE U/S 186 OF
THE COMPANIES ACT, 2013:
The particulars of loan, guarantees and investment whenever required, have been
disclosed in the financial statement, which also forms part of this report.
14. INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:
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 the
company's policies, safeguarding of its assets, prevention and detection of frauds and
errors, accuracy and completeness of the accounting records and timely preparation of
reliable financial information. The company has a well-placed, proper and adequate
Internal Financial Control System which ensures that all the assets are safeguarded and
protected and that the transactions are authorized recorded and reported correctly. To
further strengthen the internal control process, the company has developed the very
comprehensive compliance management tool to drill down the responsibility of the
compliance from the top management to executive level. The compliance relating to Internal
Financial controls have been duly certified by the Statutory Auditors.
15. CORPORATE SOCIAL RESPONSIBILITY:
The Company has not constituted and implemented any Corporate Social Responsibility
Initiatives as provisions of section 135(1) of the Companies Act, 2013 read with Companies
(Corporate Social Responsibility Policy) Rules, 2014 due to the non-applicability of
aforesaid provisions.
16. CORPORATE GOVERNANCE:
The Provisions of Para C, D and E of Schedule V of the SEBI (Listing Obligations and
Disclosures Requirements) Regulations, 2015 are not applicable to your Company. Hence, the
Corporate Governance report is not annexed with this report.
17. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND
OUTGO:
The particulars as prescribed under sub-section (3)(m) of section 134 of the Companies
Act, 2014 read with Rule 8(3) of Companies (Accounts) Rules, 2014 are annexed herewith at
" Annexure-I".
18. DECLARATION BY AN INDEPENDENT DIRECTOR(S) AND RE- APPOINTMENT, IF ANY:
The Independent Directors have submitted their disclosures to the Board that they
fulfill all the requirements as stipulated in Section 149(6) and schedule IV of the
Companies Act, 2013 so as to qualify themselves to be appointed as an Independent
Directors under the provisions of the Companies Act, 2013 and their relevant rules.
19. BOARD EVALUATION:
The Board of Directors has carried out an annual evaluation of its own performance,
Board committees and individual Directors pursuant to the provisions of the Act. The
performance of the Board was evaluated by the Board after seeking inputs from all the
Directors on the basis of the criteria such as the Board composition and structure,
effectiveness of Board processes, information and functioning, etc.
The Board and the Nomination and Remuneration Committee reviewed the performance of the
individual Directors on the basis of the criteria such as the contribution of the
individual Director to the Board and Committee meetings like preparedness on the issues to
be discussed, meaningful and constructive contribution and inputs in meetings, etc. In
addition, the chairman was also evaluated on the key aspects of his role.
20. COMMITTEES AND THEIR MEETINGS THEREOF:
Currently, the Board has following committees: Audit Committee, Nomination &
Remuneration Committee, and stakeholder relationship committee.
Audit Committees:
The Audit Committee of the Company is re-constituted after the change in management of
the board in line with the provisions of Section 177 of the Companies Act, 2013 and
Regulation 18 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.
The Audit Committee is constituted in line to monitor and provide effective supervision to
the management's financial reporting process, to ensure accurate and timely disclosures,
with the highest level of transparency, integrity, and quality of Financial Reporting.
During the Financial Year under review 04 (Four) meetings of the Audit Committee were
convened and held. The dates on which the said meetings were held:
| - 10th May, 2021; |
| - 20th August, 2021; |
| - 19th November, 2021; and |
| - 28th February, 2022 |
The Audit Committee meetings held with earlier committee members as follows:
| 1. 10th May, 2021; |
| 2. 20th August, 2021; |
| S. Name of the Members No |
Designation |
No. of Audit attended Committee Meetings during the
year |
| 1. Mr. Satish kumar Poolchand Rajbhar |
Chairman (Non-Executive Independent Director) |
2 |
| 2. Mr. Rajni JethaLal Shah |
Member (Non-Executive Independent Director) |
2 |
| 3. Mr. Ajay Kantilal Vora |
Member (Director) |
2 |
Mr. Ajay Kanital Vora (DIN: 06864950) has been resigned from the board w.e.f.
30/08/2021 due to which he also ceased to be membership of the committee. However, in
continuation of the proper composition of the board and committees thereof, Mr. Parminder
Singh (DIN: 09160424) has been elected as members of Audit Committee.
The Audit Committee meetings held after the re-constitution of committee members as
follows:
1. 19th November, 2021
2. 28th February, 2022
| S. Name of the Members No |
Designation |
No. of Audit Committee Meetings attended during the year |
| 1. Mr. Satish kumar Poolchand Rajbhar |
Chairman (Non-Executive Independent Director) |
4 |
| 2. Mr. Rajni JethaLal Shah |
Member (Non-Executive Independent Director) |
4 |
| 3. Mr. Parminder Singh |
Member (Executive Director) |
2 |
Nomination and Remuneration Committee:
The Nomination and Remuneration Committee of the Company is re-constituted in line with
the provisions of Section 178 of the Companies Act, 2013 and Regulation 19 of SEBI
(Listing Obligation and Disclosure Requirements) Regulation, 2015. The Nomination and
Remuneration Committee recommends the appointment of Additional Independent Directors i.e.
Mr. Dileep Kumar and Mr. Angad Bijan and remuneration/sitting fee thereof. The level and
structure of appointment and remuneration of all Key Managerial personnel and Senior
Management Personnel of the Company, as per the Remuneration Policy, is also overseen by
this Committee.
Ms. Smita Ajay Vora (DIN: 06864944) has been resigned from the board w.e.f. 30/08/2021
due to which he also ceased to be membership of the committee. However, in continuation of
the proper composition of the board and committees thereof, Mr. Mandeep Singh Thukral
(DIN: 09160320) who is also Chairman of a Company has been elected as members of
Nomination and Remuneration Committee.
During the year under review Nomination and Remuneration Committee meetings held 01
(One) time after the re-constitution of committee members as follows:
| Date of Meeting |
S. No. Name of the Members |
Designation |
No. of Meetings attended during the year |
| 02nd December, 2021 |
1 Mr. Rajni Jethalal Shah |
Chairman (Non-Executive Independent Director) |
1 |
| 2 |
Mr. Satish kumar Poolchand Rajbhar |
Member (Non-Executive Independent Director) |
1 |
| 3 |
Mr. Mandeep Singh Thukral |
Member (Chairman, MD & CFO) |
1 |
Stakeholder Relationship Committee:
The Company has re-constituted stakeholder relationship committee u/s 178(5) of
Companies Act, 2013 and Regulation 20 of SEBI (Listing Obligation and Disclosure
Requirements) Regulation, 2015, consisting of chairperson who shall be non-executive and
the members decided by the Board.
Ms. Smita Ajay Vora (DIN: 06864944) has been resigned from the board w.e.f. 30/08/2021
due to which he also ceased to be membership of the committee. However, in continuation of
the proper composition of the board and committees thereof, Ms. Sapna Kumari (DIN:
09298848) has been elected as members of Stakeholder Relationship Committee.
During the year under review Stakeholder Relationship Committee meetings held 01 (One)
time after the re-constitution of committee members as follows:
? 01st February, 2022
| S. Name of the Members No |
Designation |
No. of Meetings attended during the year |
| 1. Mr. Rajni Jethalal Shah |
Chairman (Non-Executive Independent Director) |
1 |
| 2. Mr. Satish kumar Poolchand Rajbhar |
Member (Non-Executive Independent Director) |
1 |
| 3. Mrs. Sapna Kumari |
Member (Non-Executive, Woman Director) |
1 |
- Number of complaint received so far: Nil
- Number of pending Complain: Nil
21. POLICY ON DIRECTORS' APPOINTMENT AND REMUNERATION AND OTHER DETAILS:
The Nomination & Remuneration Committee of Directors have approved a Policy for
Selection, Appointment and Remuneration of Directors which inter-alia requires that
composition of remuneration is reasonable and sufficient to attract, retain and motivate
Directors, KMP and Senior management employees and the Directors appointed shall be of
high integrity with relevant expertise and experience so as to have diverse Board and the
Policy also lays down the positive attributes/criteria while recommending the candidature
for the appointment as Director. Nomination & Remuneration Policy is uploaded on the
website of the Company i.e. at http://www.kdgroup.co.in/.
22. INFORMATION ABOUT REMUNERATION AND PARTICULARS OF
EMPLOYEES:
Disclosure pertaining to remuneration and other details as required under Section 197
of the Companies Act, 2013 read with rule 5(1) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 is given in "Annexure II" to
this Report. The Statement containing the particulars of employees as required under
section 197(12) of the Companies Act, 2013 read with rule 5(2) and other applicable rules
(if any) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014, is provided in a separate annexure forming part of this report.
23. RISK MANAGEMENT:
The Company is taking every care for minimizing the risk involved in the business of
Hospitality industry. Our Company believes that managing helps in maximizing returns.
Responsible staff is employed to take every care to minimize the risk factor. During the
year, the Board had developed and implemented an appropriate Risk Management Policy for
identify the element of risk which, in the opinion of the Board may threaten the existence
of the Company and safeguarding the Company against those risks.
24. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED
PARTIES:
All transactions with the related parties entered into during the year under review
were approved by the Audit Committee that the same were at arm's length and in the
ordinary course of business and in accordance with the provisions of Companies Act, 2013
and the Rules made thereunder.
Details of each of the Related Party Transaction entered into by the Company during the
year under review are annexed herewith in Form AOC-2 as "Annexure III".
25. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES:
The Company does not have any Subsidiary, Joint Venture or Associate Company hence
provisions of section 129(3) of the Companies Act, 2013 relating to preparation of
consolidated financial statements are not applicable.
26. VIGIL MECHANISM / WHISTLE BLOWER POLICY:
Pursuant to Section 177(9) and (10) of the Companies Act, 2013 and Regulation 22 of
SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, the Company has
formulated Whistle Blower Policy for vigil mechanism of Directors and employees to report
to the management about the genuine concerns related to unethical behavior, fraud or
violation of Company's code of conduct. The mechanism provides for adequate safeguards
against victimization of employees and Directors or any other person(s) who use such
mechanism and makes provision for direct access to the chairman of the Audit Committee in
exceptional cases. None of the personnel of the Company have been denied access to the
Audit Committee.
27. DETAILS OF APPLICATION MADE OR PROCEDDING PENDING UNDER THE
INSOLVENCY AND BANKRUPTCY CODE, 2016:
During the year under review, there were no applications made or proceedings pending in
the name of the company under the Insolvency and Bankruptcy Code, 2016.
28. DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE TIME
SETTLEMENT AND VALUATION WHILE AVAILING LOANS FROM BANKS AND FINANCIAL INSTITUTIONS:
During the year under review, there has been no onetime settlement of loans taken from
Banks and Financial Institutions.
29. 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:
During the period under review there was no material orders have been passed by the
regulators or courts or tribunals impacting the going concern status and company's
operations in future.
30. DIRECTORS' RESPONSIBILITY STATEMENT:
Pursuant to the requirement under Section 134 (5) of the Companies Act, 2013, with
respect to Directors Responsibilities Statement, it is hereby confirmed:
(a) That in the preparation of the annual accounts for the financial year ended 31st
March, 2022 the applicable accounting standards had been followed along with proper
explanation relating to material departures; (b) That the directors had selected such
accounting policies and applied them consistently and made judgments and estimates that
were 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 or loss of the company for
the year review;
(c) That the directors had taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of Companies Act, 2013 for
safeguarding the assets of the company and for preventing and detecting fraud and other
irregularities;
(d) That the directors had prepared the annual accounts for the financial year ended
31st March, 2022 on a going concern basis;
(e) That 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; and
(f) That the directors had devised proper system to ensure compliance with the
provisions of all applicable laws and that such system were adequate and operating
effectively.
31. AUDITORS & AUDITOR'S REPORT:
Statutory Auditor:
Pursuant to the provisions of Section 139 of the Act and the rules framed thereafter,
TDK & Co., Chartered Accountants (FRN 109804W), having registered 102, Lotus Heights,
15th Road, Opp. Gandhi Maidan, Chembur, Mumbai, Maharashtra-400071 were appointed as
Statutory Auditors of the Company from the conclusion of the Thirty Eighth (38th) Annual
General Meeting (AGM) of the Company held on 30th September, 2019 till the conclusion of
the forty third (43rd) AGM to be held in the year 2024. They have confirmed their
eligibility under Section 141 of the Companies Act, 2013 and the Rules framed thereunder
for appointment as Auditors of the Company. The notes on accounts referred to in the
auditors' report are self-explanatory and therefore don't call for any further comments by
the Board of directors.
There are no qualifications or adverse remarks in the Auditors' Report which require
any Clarification or explanation.
Secretarial Auditor:
Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with Rule 9
the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the
Company has appointed M/s. Vikas Verma & Associates, Practicing Company Secretaries,
having its Registered Office at B-502, Statesman House, 148, Barakhamba Road, Delhi-110001
to carry out Secretarial Audit for the financial year 2021-22. The Secretarial Audit
report is annexed as "Annexure IV" to this Report. The report does not
contain any qualifications.
The Auditors' Report does not contain any qualifications, reservations or adverse
remarks.
Internal Auditor:
Ms. Shubhangi Agarwal, proprietor of Subhangi Agarwal & Associates is appointed as
an internal auditor of the Company for the financial year 2020-21 and 2021-22 in
accordance with the provisions of section 138 of the Companies Act, 2013 with rule 13 of
the Companies (Accounts) Rules, 2014, and other applicable provisions related thereto.
Cost auditors:
The company is not engaged in the production of good/services as specified under
section 148 of the Companies Act, 2013. Hence, the maintenance of cost accounts and
requirement of cost audit is not applicable to your company.
32. COMPLAINCE WITH SECRETARIAL STANDARDS:
The Company has complied with applicable provisions of the Secretarial Standards
related with issued by the Institute of Company Secretaries of India and approved by the
Government of India under Section 118(10) of the Companies Act, 2013.
33. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
The Management's Discussion and Analysis Report for the year under review, as
stipulated under regulation 34 (3) and Part B of schedule V of the SEBI (Listing
Obligation and Disclosure Requirement) Regulation, 2015 is annexed to this Annual Report
as
"Annexure V". 34. CODE OF CONDUCT:
Commitment to ethical professional conduct is a must for every employee, including
Board Members and Senior Management Personnel of the Company. The Code is intended to
serve as a basis for ethical decision-making in conduct of professional work. The Code of
Conduct enjoins that each individual in the organization must know and respect existing
laws, accept and provide appropriate professional views, and be upright in his conduct and
observe corporate discipline. The duties of Directors including duties as an Independent
Director as laid down in the Companies Act, 2013 also forms part of the Code of Conduct.
All Board Members and Senior Management Personnel affirm compliance with the Code of
Conduct annually.
35. PREVENTION OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE:
The Company has zero tolerance towards sexual harassment at the workplace and towards
this end, has adopted a policy in line with the provisions of Sexual Harassment of Women
at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Rules there under.
The Company has complied with provisions relating to the constitution of Internal
Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013 which redresses complaints received on sexual
harassment. During the financial year under review, the Company has not received any
complaints of sexual harassment from any of the women employees of the Company.
36. ACKNOWLEDGEMENT:
Your Directors place on record their deep appreciation and thanks the Company's
shareholders, employees, customers, vendors, investors and members for their consistent
support and encouragement of the Company. The enthusiasm and beneficent efforts of the
employees have enabled the company to remain at the leading-edge of the industry. Your
Directors would also like to acknowledge and thanks the Government of India and concerned
government departments / agencies for their co-operation.
|
|
For & on behalf of the Board |
|
|
KD Leisures Limited |
|
Sd/- |
Sd/- |
|
Mandeep Singh Thukral |
Parminder Singh |
|
Managing Director |
Director |
|
DIN: 09160320 |
DIN: 09160424 |
|
Add: House No. 102-G, Bhai |
Add: House No. 202M, Street |
| Date: 01/09/2022 |
Randhir Singh Nagar, |
No. 3, Ward No. 3, Dalip Singh |
| Place: Mumbai |
Ludhiana-141001-Punjab |
Nagar, Khana, Ludhiana- |
|
|
141401-Punjab |
|