TO,
THE MEMBERS OF MANBROINDUSTRIES LIMITED
The Board of Directors are pleased to present the 32nd Annual Report of the business
and operations of your Company i.e.M/s. Manbro Industries Limited, along with the
audited financial statements for the year ended 31stMarch, 2024
1. FINANCIAL PERFORMANCE
(INR in ‘Rs)
| Particulars |
Year ended March 31, 2024 |
Year ended March 31, 2023 |
| Total Income |
24,00,59,427 |
39,23,941 |
| Total Expenditure |
23,72,95,009 |
20,95,688 |
| Profit/(Loss) Before Tax |
27,64,418 |
18,28,252 |
| Current Tax |
4,02,869 |
- |
| Minimum Alternate Tax |
- |
- |
| Profit/(Loss) After Tax |
23,61,549 |
18,28,252 |
| Opening balance of retained earnings |
(58,53,898) |
(76,82,150) |
| Closing balance of retained earnings |
(34,92,349) |
(58,53,898) |
| Balance Profit/Loss carry forward to the next year. |
23,61,549 |
18,28,252 |
2. FINANCIAL PERSPECTIVE OF THE YEAR
During the year, your Company has earned profit amounting of Rs. 23,61,549.
EPS for the year is Rs. 4.71 per share as compared to Rs3.65 per share in the previous
year.
3. DIVIDENDS
In view to set off the brought forward losses, your directors have been unable to
recommend any dividend.
4. SHARE CAPITAL
The paid-up Equity Share Capital as on March 31, 2024 was Rs. 50,10,500/- During the
year the company has not done any material changes in the Paid-up Share Capital of the
Company.
5. RESERVE
The profit of Rs. 23,61,549earned during the year has been transferred to the Reserves.
6. CHANGE IN NATURE OF BUSINESS, if any
During the Financial year, Company had altered its object which was approved in
previous annual general meeting dated 05th September, 2023.
The Altered object of the Company is as mentioned below:
"To carry on the business of importer, exporter, traders, distributor, agents,
broker, buyers, seller, dealers, retail traders and manufacturer of all kind of Food and
Beverages such as snacks, dairy products, beverages, bakery items, and canned food, packed
food, squashes, aerated water, mineral water, syrups, soft drinks, fruit drinks, milk and
milk products, food products inter alia includes all categories of whole grains and
pulses, rice, spices, organic, spice mixes, spice blends, freeze dried, curry
powders/mixtures, oleoresins, extracts, essential oils, spice in brine, pepper, cloves,
turmeric, black pepper, cardamom, vegetables, herbs and other food items and carry on the
business of canners, preservers, growers of fresh and/or presereable products of
vegetables, fruits, herbs, flowers, medicines, drinks, mineral waters, fluids and other
and generally to carry on the manufacturing of pickles, chutney, masalas, mixtures, spice
powders including turmeric powder, chili powder, coriander powder, cumin etc., vinegars,
ketchups, juices, custard powder, powder (edible) drinks, beverages, gelatins, essences,
ice creams, milk preparations, table delicacies and other eatables. and beverages of every
description. pharmaceuticals, antibiotics drugs, medicines, biological, neurological,
healthcare ayurvedic and dietary food supplements products, organic and chemical products,
dry salter, mineral waters, wines, cordials liquors, soups, broths and other restoratives
or foods and also to deal in medicinal goods such as surgical instruments and contra
captive sphotographic goods, oils, perfumes cosmetics, patents medicines, soaps,
artificial limbs, hospital requisites, proprietary medicines, veterinary medicines and to
carry on business of vialling, bottling, repacking, processing of tablets, capsules
syrups, injections, ointment etc"
7. MATERIAL CHANGE AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF
THECOMPANY WHICH HAVE OCCURRED BETWEEN THE END OF FINANCIAL YEAR OF THE COMPANY TO WHICH
THE FINANCIAL STATEMENT RELATE AND THE DATE OF THIS REPORT
During the financial year, there were following material changes had occurred:
1. There were significant changes in the management of the company.
Following Directors and KMP were appointed/ re-designated:
i) Nalini Gupta as Chief Financial Officer w.e.f 11.08.2023
ii) Rajiv Gupta as Managing Director w.e.f 05.09.2023
iii) Haldher Gupta and Kanhiya Gupta as Excutive Director w.e.f 05.09.2023
iv) Rajesh Kumar Raina as Non-Executive Director w.e.f 05.09.2023
v) Nalini Gupta as Non-Executive Director w.e.f 05.09.2023
vi) Pankaj Kumar as Additional Independent Director w.e.f10.11.2023
Following Directors and KMP were resigned:
i) Diksha Sharma as Chief Financial Officer w.e.f 11.08.2023
ii) Dinesh Kumar Mahawar as Chief Executive Director w.e.f 11.08.2023
iii) Nalini Gupta as Non Executive Director w.e.f 10.11.2023
iv) Rakesh Wadhawan as Independent Director w.e.f 10.11.2023
v) Ashish Kumar Garg as Non Executive Director w.e.f14.02.2024
2. The Company had announced a rights issue on October 3, 2023. However, due to the
rejection of the In-principle approval and draft letter of offer by the BSE stock
exchange, the Board of Directors had withdrawn the rights issue offer.
8. CORPORATE SOCIAL RESPONSIBILITY
Our Company does not attract the provisions of section 135 of the companies Act, 2013.
So, the Company has not developed and implemented any Corporate Social Responsibility
initiatives.
9. HUMAN RESOURCES
The well-disciplined workforce which has served the company for the very foundation of
the company's major achievements and shall well continue for the years to come. The
management has always carried out systematic appraisal of performance. The company has
always recognized talent and has judiciously followed the principle of rewarding
performance.
10. DIRECTORS RESPONSIBILITY STATEMENT:
Pursuant to Section 134(5) of the Companies Act, 2013, Directors of your Company hereby
state and confirm that:
a) in the preparation of the annual accounts for the year ended 31stMarch, 2024, the
applicable accounting standards have been followed along with proper explanation relating
to material departures;
b) they 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 the same period;
c) the directors have taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act, 2013 for
safeguarding the assets of the company and for preventing and detecting fraud and other
irregularities;
d) they have prepared the annual accounts on a going concern basis;
e) they have laid down internal financial controls in the company that are adequate and
were operating effectively.
f) they have devised proper systems to ensure compliance with the provisions of all
applicable laws and these are adequate and are operating effectively.
11. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Company has an Internal Control System, commensurate with the size, scale and
nature of its operations. The scope and authority of the Internal Audit function is well
defined and to maintain its objectivity and independence, the Internal Audit function
reports to the Chairman of the Audit Committee of the Board as well as directly to the
Chairman & Managing Director. The Internal Audit Department monitors and evaluates the
efficacy and adequacy of internal control system in the Company, its compliance with
operating systems, accounting procedures and policies of the Company.
Based on the report of internal audit function, process owners undertake corrective
action in their respective areas and thereby strengthen the controls. Significant audit
observations and recommendations along with corrective actions thereon are presented to
the Audit Committee of the Board.
12. DIRECTORS AND KEY MANAGERIAL PERSONNEL
In accordance with the provisions of the Act and the Articles of Association of the
Company
In accordance with the provisions of the Act and the Articles of Association of the
Company, Mr. Haldher Gupta, Director of the Company retires by rotation at the forthcoming
Annual General Meeting and being eligible, offers himself for re-appointment.
The terms and conditions of appointment of the Independent Directors are placed on the
website of the Company. During the year, the Non-Executive Directors of the Company had no
pecuniary relationship or transactions with the Company, other than sitting fees,
commission and reimbursement of expenses (if any) incurred by them for the purpose of
attending meetings of the Company.
During the financial year 2023-24, Pursuant to the provisions of Section 203 of the
Act, these are the following Key Managerial Personnel/Directors of the Company:
| S. No. |
Name of the Director/KMP |
Designation |
| 1 |
MR. RAJIV GUPTA |
MANAGING DIRECTOR |
| 2 |
MR. KANHIYA GUPTA |
EXECUTIVE DIRECTOR |
| 3 |
MR. HALDHER GUPTA |
EXECUTIVE DIRECTOR |
| 4 |
MR. RAJESH KUMAR RAINA |
NON-EXECUTIVE DIRECTOR |
| 5 |
MR. ASHISH KUMAR GARG |
NON-EXECUTIVE DIRECTOR |
| 6 |
MS. NALINI GUPTA |
NON-EXECUTIVE DIRECTOR |
| 7 |
MR. PANKAJ KUMAR |
ADDITIONAL INDEPENDENT DIRECTOR (NED) |
| 8 |
MS. SHRIYA |
INDEPENDENT DIRECTOR (NED) |
| 9 |
MR. RAKESH WADHAWAN |
INDEPENDENT DIRECTOR (NED) |
| 10 |
MR. BHUWAN SINGH TARAGI |
COMPANY SECRETARY(KMP) |
| 11 |
MS. NALINI GUPTA |
CHIEF FINANCIAL OFFICER(KMP) |
| 12 |
MS. DIKSHA SHARMA |
CHIEF FINANCIAL OFFICER |
| 13 |
MR. DINESH KUMAR MAHAWAR |
CHIEF EXECUTIVE OFFICER |
However, During Financial year, Following Directors and KMP were appointed:
a) Nalini Gupta as Chief Financial Officer w.e.f 11.08.2023
b) Rajiv Gupta as Managing Director w.e.f 05.09.2023
c) Haldher Gupta and Kanhiya Gupta as Excutive Director w.e.f 05.09.2023
d) Rajesh Kumar Raina as Non-Executive Director w.e.f 05.09.2023
e) Nalini Gupta as Non-Executive Director w.e.f 05.09.2023
f) Pankaj Kumar as Additional Independent Director w.e.f10.11.2023
Following Directors and KMP were resigned:
a) Diksha Sharma as Chief Financial Officer w.e.f 11.08.2023
b) Dinesh Kumar Mahawar as Chief Executive Director w.e.f 11.08.2023
c) Nalini Gupta as Non-Executive Director w.e.f 10.11.2023
d) Rakesh Wadhawan as Independent Director w.e.f 10.11.2023
e) Ashish Kumar Garg as Non-Executive Director w.e.f14.02.2024
13. BOARD AND COMMITTEE MEETING
Number of Board Meetings
The Board of Directors met 5 times during the financial year ended March 31, 2024 in
accordance with the provisions of the Companies Act, 2013 and rules made thereunder. The
intervening gap between two consecutive Board Meetings was within the period prescribed
under Companies Act, 2013 and as per Secretarial Standard-1. The prescribed quorum was
presented for all the Meetings and Directors of the Company actively participated in the
meetings and contributed valuable inputs on the matters brought before the Board of
Directors from time to time.
Five (5) Board meetings were held as under:
30thMay, 2023
11thAugust, 2023
03rdOctober, 2023
10th November, 2023
14th February, 2024
Attendance of Directors in Board Meeting
| Sr. No. Name of Directors |
No. of Board Meeting |
|
Entitled |
Attended |
| 1 MR. RAJIV GUPTA |
5 |
5 |
| 2 MR. KANHIYA GUPTA |
5 |
5 |
| 3 MR. HALDHER GUPTA |
5 |
5 |
| 4 MR. RAJESH KUMAR RAINA |
3 |
3 |
| 5 MR. ASHISH KUMAR GARG |
4 |
4 |
| 6 MS. NALINI GUPTA |
1 |
1 |
| 7 MR. PANKAJ KUMAR |
1 |
1 |
| 8 MS. SHRIYA |
5 |
4 |
| 9 MR. RAKESH WADHAWAN |
3 |
3 |
Number of Committee Meeting
The Audit Committee met 4 Times during the financial Year ended March 31, 2024. The
Stakeholders relationship Committee met 1 time during the financial year ended March 31,
2024. The Nomination and Remuneration Committee met 2 times during the Financial Year
ended March 31, 2024. The Risk Management Committee met 2 times during the Financial Year
ended March 31, 2024. Members of the committees discussed the matter placed and
contributed their valuable inputs on the matters brought before the meetings.
Additionally, during the financial year ended March 31, 2024, the Independent Directors
held a separate meeting on 12thFebruary, 2024 in compliance with the requirements of
Schedule IV of the Companies Act, 2013 and Regulation 25 (3) of the SEBI (Listing
Obligations andDisclosure Requirements).
14. COMMITTEES OF THE BOARD
The Company has four committees viz; Audit Committee, Nomination and Remuneration
Committee, Stakeholder Relationship Committee and Risk Management Committee which has been
established as a part of the better corporate governance practices and is in compliance
with the requirements of the relevant provisions of applicable laws and statutes.
I. AUDIT COMMITTEE:
During the year under review, meetings of Audit Committee were held on 30thMay, 2023,
11thAugust, 2023, 10th November, 2023 and 14th February, 2024 and the attendance records
of the members of the Committee are as follows:
| Sr. No. Name |
No. of Board Meeting |
|
Entitled |
Attended |
| 1 Ms. Shriya (Chairperson) |
4 |
4 |
| 2 Mr.Rakesh Wadhawan |
3 |
3 |
| 3 Mr. Pankaj Kumar |
1 |
1 |
| 4 Mr. Kanhiya Gupta |
4 |
4 |
All the recommendations made by the Audit Committee in the Financial Year 2023-24 were
approved by the Board.
II. NOMINATION AND REMUNERATION COMMITTEE:
During the year under review, meetings of Nomination & Remuneration Committee were
held on11thAugust, 2023 and 10th November, 2023 and the attendance records of the members
of the Committee are as follows:
| Sr. No. Name |
No. of Board Meeting |
|
Entitled |
Attended |
| 1 Mr. Rakesh Wadhawan (chairman) |
2 |
2 |
| 2 Ms. Shriya |
2 |
2 |
| 3 Mr. Ashish Kumar Garg |
2 |
2 |
The salient feature of the policy of Nomination & Remuneration Committee same has
been disclosed under "Annexure 3".
III. STAKEHOLDER RELATIONSHIP COMMITTEE:
During the year under review, meeting of Stakeholder Relationship Committee was held on
10th August, 2023 and the attendance records of the members of the Committee are as
follows:
| Sr. No. Name |
No. of Board Meeting |
|
Entitled |
Attended |
| 1 Ms. Shriya (chairperson) |
1 |
1 |
| 2 Mr. Haldher Gupta |
1 |
1 |
| 3 Mr. Kanhiya Gupta |
1 |
1 |
IV. RISK MANAGEMENT COMMITTEE
During the year under review, meetings of Risk Management Committeewere held on 10th
August, 2023 and 9th November, 2023 and the attendance records of the members of the
Committee are as follows:
| Sr. No. Name |
No. of Board Meeting |
|
Held |
Attended |
| 1 Ms. Shriya (chairperson) |
2 |
2 |
| 2 Mr. Haldher Gupta |
2 |
2 |
| 3 Mr. Kanhiya Gupta |
2 |
2 |
15. PERFORMANCE EVALUATION OF BOARD
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 and the
corporate governance requirements as prescribed by Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements), Regulations 2015 ("SEBI Listing
Regulations").
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 performance of the committees was evaluated by the board after seeking inputs from
the committee members on the basis of the criteria such as the composition of committees,
effectiveness of committee meetings, 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. In addition, the chairman was also evaluated on the key aspects of his role.
In a separate meeting of independent directors, performance of non-independent
directors, performance of the board as a whole and performance of the chairman was
evaluated, taking into account the views of executive directors and non-executive
directors. The same was discussed in the board meeting that followed the meeting of the
independent directors, at which the performance of the board, its committees and
individual directors was also discussed. Performance evaluation of independent directors
was done by the entire board, excluding the independent director being evaluated.
17. AUDITORS
17.1 Statutory Auditors
Pursuant to Section 139 of the Companies Act, 2013, M/s Sunil Kumar Gupta & Co
(Firm Registration No.003645N), Chartered Accountants have been re-appointed as statutory
auditors of the company at 27th Annual General Meeting held on 30.09.2019 for a period of
five years till the conclusion of 32ndAGM.
M/s. Umesh Amita & Co., Chartered Accountants (ICAI Firm Registration
No.007238C) has proposed to appoint in this Annual General Meeting as statutory auditor of
the company to hold office for a term of five consecutive years from the conclusion of
32nd Annual General Meeting till the conclusion of 37th Annual General Meeting of the
Company to be held in the year 2029.
The Observations of the Statutory Auditors in their report read together with the Notes
on Accounts are self-explanatory and therefore, do not call for any further explanation
and the said report does not contain any qualification, reservation, disclaimer or adverse
remark and they has not reported any incident of fraud pursuant to the provision of
Section 143(12) of the Act, accordingly, no such details are required to be reported under
Section 134(3)(ca) of the Act.
17.2 Secretarial Auditors
Pursuant to the provisions of Section 204 of the Companies Act, 2013 and The Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014, Ms. Divya Rani,
Practicing Company Secretary (Membership No. A64841) was appointment to undertake the
secretarial audit of the company. The Secretarial Audit Report is annexed herewith as ‘Annexure
1'.
17.3 Cost audit & records:
Section 148 of the Companies Act, 2013 is not applicable on the Company. Therefore,
cost audit has not been conducted for the financial year 2023-24 and records are not
maintained.
17.4Internal Auditors
M/s.Sharma V K & Associates, Chartered Accountants performs the duties of
internal auditors of the company and their report is reviewed by the audit committee from
time to time.
The Internal Audited Report for the financial year ended 31st March, 2024 was submitted
by the Internal Auditor for the purpose of Board consideration.
18.RISK MANAGEMENTFRAMEWORK
The Company recognizes Risk Management as an integrated, forward-looking and
process-orientated approach. It has developed a Risk Framework that broadly encompasses:
aligning risk appetite and strategy; enhancing risk response and reducing operational
surprises. During the year, Risk Management Core Team comprising of representatives of
various functions and business had carried out risk assessment exercise to identify the
various significant risks associated with the business operations and mitigation plans to
address such risks. Material risks and mitigation plans were reviewed by the Risk
Management Committee and then presented to the Board.
19.VIGIL MECHANISM / WHISTLE BLOWER POLICY
In order to ensure that the activities of the Company and its employees are conducted
in a fair and transparent manner by adoption of highest standards of professionalism,
honesty, integrity and ethical behavior the company has adopted vigil mechanism policy.
This policy is posted on the website of company.
20. RELATED PARTY TRANSACTIONS
In order to transactions with related parties falls under the scope of section 188(1)
of the Act, the Information on transactions with related parties pursuant to section
134(3) (h) of the Act read with rule 8(2) of the Companies (Accounts) Rules, 2014 are
given as per are as per Form AOC-2.
21. DISCLOSURES OF ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNAL
During the year, no orders have been passed by any Regulator or Court or Tribunal which
can have impact on the going concern status and the Company's operations in future.
22. EXPLANATION OR COMMENTS ON QUALIFICATIONS, RESERVATIONS OR ADVERSE REMARKS OR
DISCLAIMERS MADE BY THE AUDITORS AND THE PRACTICING COMPANY SECRETARY IN THEIR REPORTS
The observations made in the Auditor's Report are self-explanatory and do not call for
any further comments u/s 134(3) (f) of the Companies Act, 2013. The Auditors and
Practicing Company Secretary have not made any qualifications in their respective report.
23. CORPORATE GOVERNANCE
Your Company practices a culture that is built on core values and ethical governance
practices and is committed to transparency in all its dealings. However, the Company is
listed on Bombay Stock exchange, by virtue of Regulation 15 of SEBI (Listing Obligation
& Disclosure Requirements), Regulations, 2015, the compliance with the Corporate
Governance provisions as specified in Regulation 17 to 27 and clause (b) to (i) of sub
regulation (2) of regulations 46 and para-C, D and E of Schedule V are not applicable to
the Company. Hence Corporate Governance Report does not form part of this Board Report.
24. ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO
During the period under review there was no energy conservation, technology absorption
and
During the financial year, the foreign exchange earnings was Rs. 70,36,319.77/-
25. ANNUAL RETURN
The Annual Return of the Company in form MGT-7 as required under Section 92 and Section
134 of the Act read with Rule 12 of the Companies (Management and Administration) Rules,
2014 will be available on the website of the Company at https://www.unimodeoverseas.in
26. AUDIT COMMITTEE RECOMMENDATIONS
During the financial year, all the recommendations of the Audit Committee were accepted
by the Board.
27. PARTICULARS OF EMPLOYEES
The information required pursuant to Section 197 read with Rule 5 of The Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 and Companies
(Particulars of Employees) Rules, 1975.
The Ratio of Remuneration of each Director, Chief Financial Officer, Company Secretary
of the Company for the FY-2023-24 is annexed at "Annexure-2".
28. CEO and CFO Certification
The certificate required under Regulation 17(8) of SEBI Listing Regulations, duly
signed by the Chief Executive Officer and Chief Financial Officer of the Company was
placed before the Board. The same is provided as "Annexure-5" to this
report.
29. DEPOSITS
Your Company has not accepted any deposits within the meaning of Section 73 of the
Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014.
30. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS
The company has not given any loans, guarantees and investment covered under the
provisions of section 186 of the Companies Act, 2013.
31. SUBSIDIARY/JOINT VENTURES/ASSOCIATE COMPANIES AND THEIR PERFORMANCE
There is no Subsidiary company or Joint Venture or Associate Companies of the Company.
32. LISTING OF SHARES
The Securities of the Company are listed on Bombay Stock Exchange. The Listing fee for
the Financial Year 2023-24has paid to the Bombay Stock Exchanges.
33. PREVENTION OF SEXUAL HARASSMENT
As required by the Sexual Harassment of Women at Workplace (Prevention, Prohibition
& Redressal) Act, 2013, the Company has formulated and implemented a policy on
prevention of sexual harassment at workplace with a mechanism of lodging complaints. Its
redressal is placed on the intranet for the benefit of its employees. During the year
under review, no complaints were reported to the Board.
34. 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 year, no order was passed by the regulators or courts or tribunals impacting
the going concern status and company's operations in future.
35. INSOLVENCY & BANKRUPTCY CODE, 2016
There were no proceedings initiated/pending against your Company under the Insolvency
and Bankruptcy Code, 2016 which impacts the business of the Company.
36. DIFFERENCE IN NUMBER OF VALUATIONS, IF ANY
There were no instances where your Company required the valuation for one time
settlement or while taking any loan from the Banks or Financial Institutions.
37. NON-DISQUALIFICATION OF DIRECTORS
All the directors of the Company are non-disqualified and certificate for the same from
the Practicing Company Secretary is annexed as "Annexure-4".
38. MANAGEMENT DISCUSSION AND ANALYSIS REPORT
The Management Discussion and Analysis Report has been separately furnished in the
Annual report and forms a part of the Annual report.
39. POLICY OF PRESERVATION OF DOCUMENTS
Pursuant to Regulation 9 of SEBI(LODR), 2015 the company has maintained the policy of
preservation of documents to keep the documents preserve as per Regulation 9 (a) &
Regulation 9 (b) of SEBI (LODR), 2015 and the same has been uploaded on the website of the
company on https://unimodeoverseas.in/corporate-announcements.
40. FRAUD REPORTING
There was no fraud disclosed during the Financial Year 2023-24.
41. CODE OF CONDUCT
The Board has laid down a Code of Conduct ("Code") for Board Members,
Managerial Personnel and for Senior Management Employees of the Company. The Code has been
posted on the Company's website at https://unimodeoverseas.in/corporate-announcements All
the Board Members and Senior Management Personnel have affirmed compliance with this Code.
The Board has also laid down a Code of Conduct for Independent Directors pursuant to
Section 149(8) and Schedule IV of Companies Act, 2013 via terms and conditions for
appointment of Independent Directors, which is guide to professional conduct for
Independent directors and has been uploaded on the website of the company at following web
link https://unimodeoverseas.in/corporate-announcements
42. CAUTION STATEMENT
Statement in this Annual Report describing the Company's objectives, expectations or
predictions may be forward-looking within the meaning of applicable securities laws and
regulations. Actual results may differ materially from those expressed in the statement.
43. ACKNOWLEDGEMENTS
Your directors would like to acknowledge and place on record their sincere appreciation
to all stakeholders -Clients, Banks, Central and State Governments, the Company's valued
investors and all other business partners for their continued co-operation and excellent
support received during the year. Your directors recognize and appreciate the efforts and
hard work of all the employees of the Company and their continued contribution to its
growth.
|
For & On Behalf of The Board of Directors |
|
|
M/S Manbro Industries Limited |
|
| Registered Office: C 18 Shivaji Park, |
|
|
| Punjabi Bagh, New Delhi-110026 |
|
|
| CIN: L47211DL1992PLC048444 |
|
|
| Place: New Delhi |
|
|
| Date: 28.08.2024 |
|
|
|
Sd/- |
Sd/- |
|
Rajiv Gupta |
Haldher Gupta |
|
Managing Director |
Director |
|
DIN: 01236018 |
DIN: 08168505 |
|