Dear Members,
Your Directors feel pleasure in presenting their 40th Annual Report together
with the Audited Statements of accounts for the Financial Year ended on 31st
March, 2025.
1. FINANCIAL RESULTS
The performance of the Company for the financial year ended on 31st March,
2025 is summarized below:
Particulars |
Year ended 31.03.2025 |
|
Year ended 31.03.2024 |
|
|
(in lakhs) |
|
(in lakhs) |
|
| Total Income |
477.89 |
408.33 |
|
|
| Total Expenses |
299.54 |
298.12 |
|
|
|
Profit/ Loss before |
|
178.35 |
110.2 |
|
Taxation |
|
|
|
|
Provision for |
|
(0.04) |
1.61 |
|
Income Tax |
|
|
|
| Total Tax Expense |
44.78 |
29.19 |
|
|
| Profit/(Loss) After Tax |
133.57 |
81.02 |
|
|
2. DIVIDEND
Your Directors intend to plough back available resources for financial requirements and
express their inability to recommend any dividend for the financial year.
3. RESERVES
The Company has transferred Rs. 5,00,000/- from the statement of profit and loss to
general reserve during the year under review.
4. BUSINESS OPERATIONS
The fiscal year 2024-25 was a period of relative stability. During the year under
review, our Company achieved a profit of Rs. 133.57 Lacs before tax as against profit Rs.
81.02 Lacs in the preceding financial year. Your company hopes to increase its presence in
the business in the Coming years, which may increase the top line and also its stability.
5. BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
The Board consist of Four (4) Directors, One (1) CFO and One (1) CEO.
Mr. Chaitanya Chaudhry (Executive Director cum CEO), Ms. Vaishali Chaudhry
(Non-Executive
Director), Mr. Rajeev Kumar Singhal (Non-Executive and Independent Director) and Mr.
Niraj
Chaudhry (CFO) as on the end of the Financial Year.
sMs. Vaishali Chaudhry (DIN: 01719640) who retires by rotation at this meeting, and
being eligible, offers himself for re-appointment, be and is hereby appointed as a
director of the Company liable to retires by rotation.
Due to demise of Mr. Anil Kumar Sharma on 10th March, 2025, The Board of Director has
passed resolution and took record on 24th April, 2025.
Mr. Vikas Tyagi was appointed as Additional Independent Director of the company with
effect from 21st May 2025. Based on the recommendation of NRC and subject to the approval
of Members in ensuing AGM will be regularized.
6. SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS
IMPACTING THE GOING CONCERN STATUS OF THE COMPANY
No significant and material orders were passed by any Regulator(s) or Court(s) or
Tribunal(s) which would impact the going concern status of the company.
7. 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
No material changes and commitment affecting the financial position of the company have
occurred between the end of the financial year to which this financial statements relate
and the date of this report.
8. RELATED PARTY TRNSACTIONS
All the related party transactions that were entered into during the financial year
were in the ordinary course of Company's business and on arm's length basis. There are no
materially significant related party transactions made by the Company with the Promoters,
Key Management Personnel or other designated persons which may have potential conflict
with the interest of the Company at large. However, the related party transactions are
given in Annexure-A.
9. REPORTING OF FRAUDS
There was no instance of fraud during the year under review, which required the
Statutory Auditors to report to the Audit Committee and /or Board under Section 143(12) of
the Act and Rules framed thereunder.
10. PARTICULARS OF EMPLOYEES
Details as required under the provisions of Section 197(12) of the Companies Act, 2013,
read with Rule 5(2) and 5(3) of Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014, as amended, will made available to the shareholders on their
request.
11. MANAGEMENT DISCUSSIONS AND ANALYSIS REPORT
The Management Discussion and Analysis Report forms part of this Annual Report in
compliances with Regulation 34 of SEBI (LODR) Regulations, 2015 and is annexed marked as Annexure
'B'.
12. ANNUAL RETURN
As per the requirements of Section 92(3) of the Companies Act, 2013 and Rules framed
thereunder, the extract of the Annual Return of the Company for the financial year 2024-25
is available on the website of the Company.
13. SUBSIDIARIES, JOINT VENTURE AND ASSOCIATE COMPANY
During the year under review, the Company has no Subsidiary/Joint Venture/ Associate
Company
14. PERFORMANCE AND FINANCIAL POSITION OF EACH OF THE SUBSIDIARIES, ASSOCIATES AND
TOINT VENTURE COMPANIES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENT
The Company has no subsidiaries, associates and joint venture companies so this point
is not applicable on the Company.
15. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION (12) OF SECTION
143 OTHER THAN THOSE WHICH ARE REPORTABLE TO THE CENTRAL GOVERNMENT
Auditors have not reported any frauds during the year under review.
16. PUBLIC DEPOSITS
During the year under review, the Company has not accepted any deposit under Section 73
of the Companies Act, 2013 read with Companies (Acceptance of Deposits) Rules, 1975.
17. PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN
EXCHANGE EARNINGS AND OUTGO
The information on conservation of energy, technology absorption and foreign exchange
earnings and Outgo pursuant to Section 134(3)(m) of the Companies Act, 2013, read with the
Rule 8(3) of the Companies (Accounts) Rules, 2014 is given in Annexure 'C' to this
Report.
18. BOARD MEETINGS OF THE COMPANY
The Board met 06 times during the financial year. During the 12 month period ended 31st
March, 2025. Board Meetings were held on 29.05.2024, 12.08.2024, 16.09.2024, 13.11.2024,
12.02.2025, 22.02.2025.
Details of attendance of each Director at various meetings of the Company is as
follows:
Name of The |
Designation |
Category |
No. of Board Meetings Attended |
Last AGM |
Director |
attended |
Mr. Anil Kumar |
Director |
Non-Executive & |
06 |
Yes |
Sharma |
|
Independent Director |
|
|
Mr. Chaitanya |
Director |
Executive Director |
06 |
Yes |
Chaudhry |
|
|
|
|
Mr. Rajeev Kumar |
Director |
Non-Executive & |
06 |
Yes |
Singhal |
|
Independent Director |
|
|
Ms. Vaishali |
Director |
Non-Executive |
06 |
Yes |
Chaudhry |
|
Director |
|
|
19. COMMITTEES OF THE BOARD
Following are the three committees constituted by the Board:
1. Audit Committee.
2. Shareholders Relationship Committee and.
3. Nomination & Remuneration Committee.
1. Audit Committee
During the F.Y 2024-25, the Audit Committee of Company comprising of:
Mr. Anil Kumar Sharma (Non-Executive & Independent Director),
Mr. Rajeev Kumar Singhal (Non-Executive & Independent Director) and
Ms. Vaishali Chaudhry (Non-Executive)
The constituted Audit Committee also meets the requirements under Section 177 of the
Companies Act, 2013.
Due to the unfortunate demise of Mr. Anil Kumar Sharma, Non-Executive &
Independent Director, on 10th March 2025, the Board, at its meeting held on 24th April
2025, recorded the same. The Board of Directors further nominated Mr. Rajeev Kumar
Singhal, Non-Executive & Independent Director, as the Chairman of the Audit
Committee.
The Audit Committee was reconstituted by the Board of Directors at its meeting held on
21st May, 2025, with the induction of Mr. Vikas Tyagi, Non-Executive & Independent
Director, as a Member.
The terms of reference of the Audit Committee, interalia, include overseeing financial
reporting process, reviewing the financial statements and recommending appointment of
Auditors.
During the year under review, the Committee met Four times on 29.05.2024, 12.08.2024,
13.11.2024 and 12.02.2025
The Composition of Audit Committee is as follows as on 31st March, 2025:
Name of the Director |
Category |
Number of meetings during the financial year 2024-25 |
|
|
|
Held |
Attended |
| Mrs. Vaishali Chaudhry |
Non-Executive Director |
4 |
4 |
| Mr. Anil Kumar Sharma |
Non-Executive Director & |
4 |
4 |
|
Independent Director |
|
|
| Mr. Rajeev Kumar Singhal |
Non-Executive Director & |
4 |
4 |
|
Independent Director |
|
|
2. Nomination and Remuneration Committee
During the F.Y 2024-25, the Nomination and Remuneration Committee of Company comprising
of:
Mr. Anil Kumar Sharma (Non-Executive & Independent Director),
Mr. Rajeev Kumar Singhal (Non-Executive & Independent Director) and
Ms. Vaishali Chaudhry (Non-Executive)
The constituted NRC Committee also meets the requirements under Section 178 of the
Companies Act, 2013.
Due to the unfortunate demise of Mr. Anil Kumar Sharma, Non-Executive &
Independent Director, on 10th March 2025, the Board, at its meeting held on 24th April
2025, recorded the same. The Board of Directors further nominated Mr. Rajeev Kumar
Singhal, Non-Executive & Independent Director, as the Chairman of the NRC
Committee.
The NRC Committee was reconstituted by the Board of Directors at its meeting held on
21st May, 2025, with the induction of Mr. Vikas Tyagi, Non-Executive & Independent
Director, as a Member.
During the year under review, the Committee met two time on 16.09.2024 and 22.02.2025.
The Composition of Nomination and Remuneration Committee is as follows as on 31st
March, 2025:
Name of the Director |
Category |
Number of meetings during the financial year 2024-25 |
| Held |
Attended |
Mr. Vaishali Chaudhry |
Non-Executive Director |
2 |
2 |
Mr. Anil Kumar Sharma |
Non-Executive Director & |
2 |
2 |
|
Independent Director |
|
|
The Committee's scope of work includes identifying the persons who are qualified to
become directors and who may be appointed in senior management and recommend to the Board
their appointment and removal and carry out evaluation of every director's performance,
deciding on remuneration and policy matters related to remunerations of Directors and
laying guidelines for remuneration package or compensation.
The Committee has formulated a Nomination and Remuneration Policy relating to the
appointment and remuneration for the directors, key managerial personnel and other
employees. The nomination and remuneration policy is annexed marked Annexure 'D'.
3. Stakeholders Relationship Committee(SRC):
During the F.Y 2024-25, the Stakeholders Relationship Committee of Company comprising
of:
Mr. Anil Kumar Sharma (Non-Executive & Independent Director),
Mr. Rajeev Kumar Singhal (Non-Executive & Independent Director) and
Ms. Vaishali Chaudhry (Non-Executive)
Due to the unfortunate demise of Mr. Anil Kumar Sharma, Non-Executive &
Independent Director, on 10th March 2025, the Board, at its meeting held on 24th April
2025, recorded the same. The Board of Directors further nominated Mr. Rajeev Kumar
Singhal, Non-Executive & Independent Director, as the Chairman of the SRC
Committee.
* The SRC Committee was reconstituted by the Board of Directors at its meeting held on
21st May, 2025, with the induction of Mr. Vikas Tyagi, Non-Executive &
Independent Director, as a Member.
The Committee inter alia approves issue of duplicate share certificates and oversees
and reviews all matters connected with the securities transfer. The Committee also looks
into redressal of shareholders complaints like transfer/transmission of shares, non-
receipt of Annual Report, nonreceipt of declared dividends, etc. During the year, nil
complaints were received from investors in respect of share transfers.
During the year under review, the Committee met one time on 07.01.2025.
Name of the Director |
Category |
Number of meetings during the financial year 2024-25 |
|
|
|
Held |
Attended |
| Mrs. Vaishali Chaudhry |
Non-Executive Director |
1 |
1 |
| Mr. Anil Kumar Sharma |
Non-Executive Director & |
1 |
1 |
|
Independent Director |
|
|
| Mr. Rajeev Kumar |
Non-Executive Director & |
1 |
1 |
| Singhal |
Independent Director |
|
|
20. OVERALL REMUNERATION
Details of all elements of remuneration paid to all the Directors are given in the
Corporate Governance Report. Details of remuneration as required under Section 197(12) of
Companies Act 2013 read with Rule V of Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 is given in this report.
21. CORPORATE GOVERNACE
As per Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the Compliance with the Corporate Governance provisions shall not be
applicable to our Company as paid up Equity Share Capital not exceeding Rupees Ten Crores
and Net worth not exceeding Rupees Twenty Five Crores as on the last day of the previous
financial year.
22. CORPORATE SOCIAL RESPONSIBILITY
Even though the provisions of Companies Act, 2013 regarding Corporate Social
Responsibility are not attracted to the Company yet the Company has been, over the years,
pursuing as part of its corporate philosophy, an unwritten CSR policy voluntarily which
goes much beyond mere philanthropic gestures and integrates interest, welfare and
aspirations of the community with those of the Company itself in an environment of
partnership for inclusive development.
23. BOARDS OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
While selecting Directors, the Company looks for an appropriate balance of skills,
experience, independence and knowledge to enable them discharge their respective duties
and responsibilities effectively. The Company has laid down a clear Policy on remuneration
of Directors, Key Managerial Personnel and other employees.
24. DECLARATION BY AN INDEPENDENT DIRECTOR(S)
The Company has received declarations from all the Independent Directors of the Company
confirming that they meet the criteria of Independence as prescribed under sub-section (6)
of Section 149 of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure
Requirements) Regulation, 2015.
25. APPOINTMENT OF COMPANY SECRETARY
The Company has appointed Mr. Manowar Ali, an Associate Member of the Institute
of Company Secretaries of India, as Company Secretary of the Company to hold the office
w.e.f. 22nd February, 2025.
*The Board of Director had taken resignation of Mr. Shadman Khan, an Associate
Member of the Institute of Company Secretary of India in the meeting held on 16th
September, 2024
26. DETAILS OF ESTABLISHMENT OF VIGIL MECHANISM/ WHISTLE BLOWER POLICY FOR DIRECTORS
AND EMPLOYEES
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 a vigil mechanism policy.
This policy is has been uploaded on the website of the Company- www.nirajispat.in.
27. DISCLOSURE AS PER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION,
PROHIBITION AND REDRESSAL) ACT, 2013
Your Company is committed to provide and promote a safe, healthy and congenial
atmosphere Irrespective of gender, caste, creed or social class of the employees.
The Internal Complaints Committees (ICC) is not constituted due to the lack of number
of female employees as required under the Sexual Harassment of Women at Workplace
(Prevention, Prohibition & Redressal) Act, 2013. Therefore, the Company has organized
an awareness programme for the female employee in respect to spread the awareness of this
Act and has informed them to file any complaint of Sexual harassment caused at workplace
to the Local Complaints Committee (LCC) Constituted in every District as per the provision
of Section 5 of the Sexual Harassment of Women at Workplace (Prevention, Prohibition &
Redressal) Act, 2013.
The following is a summary of sexual harassment complaints received and disposed off
during the year.
• No. of complaints received - NIL
• No. cases has been pending - Nil
• No. of complaints disposed off - NIL
28. DIRECTOR'S RESPONSIBILITY STATEMENT
Pursuant to Section 134 (3(c) of the Companies Act, 2013, with respect to Directors
Responsibility statement, it is hereby confirmed that:-
(i) In the preparation of the Annual accounts, the applicable accounting standards have
been followed along with proper explanation relating to material departures, if any.
(ii) The Directors have selected such accounting policies and applied them consistently
and made judgments and estimates that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the Company at the end of the financial year and of
the profit or loss of the Company for that period.
(iii) The Directors have taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of Companies Act, 2013 for
safeguarding the assets of the Company and for preventing and detecting fraud and other
irregularities.
(iv) The Directors have prepared the annual accounts for the financial year ended 31st
March, 2025
on a going concern basis.
(v) The Director had laid down internal financial controls to be followed by company
and that internal financial controls are adequate and operating effectively.
(vi) The Director had devised proper system to ensure compliance with provision of all
applicable laws and such is adequate and operating effectively.
29. DETAILS OF MATERNITY BENEFIT TO BE PROVIDED BY THE COMPANY IN THE DIRECTORS' REPORT
FOR THE YEAR 2024-2025 UNDER THE MATERNITY BENEFIT ACT, 1961
The Company declares that it has duly complied with the provisions of the Maternity
Benefit Act, 1961. All eligible women employees have been extended the statutory benefits
prescribed under the Act, including paid maternity leave, continuity of salary and service
during the leave period, and postmaternity support such as nursing breaks and flexible
return-to-work options, as applicable.
The Company remains committed to fostering an inclusive and supportive work environment
that upholds the rights and welfare of its women employees in accordance with applicable
laws.
30. PREVENTION OF INSIDER TRADING
The Company has adopted a Code of Conduct for Prevention of Insider Trading with a view
to regulate trading in securities by the Directors and designated employees of the
Company. The Code requires pre-clearance for dealing in the Company's shares and prohibits
the purchase or sale of Company shares by the Directors and the designated employees while
in possession of unpublished price sensitive information in relation to the Company and
during the period when the Trading Window is closed. The Board is responsible for
implementation of the Code.
31. DISCLOSURES WITH RESPECT TO DEMAT SUSPENSE ACCOUNT/UNCLAIMED SUSPENSE ACCOUNT
During the year under review, no shares were held in Demat suspense account or
unclaimed suspense account of the Company.
32. AUDITORS
i. Statutory Auditors
M/s Sanjeev Anand & Associates, Chartered Accountants, the Statutory Auditors
of the Company hold the office from the conclusion of the 37th Annual General Meeting
until the conclusion of the 42nd Annual General Meeting at such remuneration as may
mutually be agreed upon between the auditors and the Board of Directors of the Company
The Company has received letter from them to the effect that their appointment, if
made, would be within the prescribed limits under Section 139(2) of the Companies Act,
2013 and that they are not disqualified for such appointment within the meaning of Section
139 (1) of the said Act.
ii. Internal Auditor
Pursuant to provisions of section 138 of the Companies Act, 2013 the Company has
appointed M/s- Vipin Kumar & Company, Chartered Accountant to
undertake the Internal Audit of the Company. During the year internal Auditor has no
observation.
iii. Secretarial Auditor
The secretarial audit of the Company has been conducted by M/s. V Kumar and Associates,
Company Secretaries (COP No.:10438, FCS: 8976) and their report on the secretarial audit
for the year under review is annexed hereto is attached as ANNEXURE 'E'.
Pursuant to the SEBI (LODR) Regulation, 2015, and based on the recommendation of the
board of Director of the company, It is proposed to appoint M/s. V Kumar and Associates,
Practicing Company Secretary (Membership No.:8976 and Certificate of Practice No.: 10438),
as the Secretarial Auditor of the Company, to hold the office for the period of 5 (five)
consecutive financial Year Commencing from April 1, 2025 till March 30, 2030.
Accordingly, an Item for appointment of M/s. V Kumar and Associates as the Secretarial
Auditor of the Company is being Placed at the ensuring AGM for approval of Member.
Information about the proposed appointment is given in the Notice of AGM which form part
of this Annual Report.
33. AUDITORS REPORT
All Observations made in the Independent Auditors' Report and Notes forming part of the
Financial Statements are self-explanatory and no qualifications, reservations or adverse
remarks have been made by the Statutory Auditors in the said Report.
34. SECRETARIAL AUDIT REPORT
The Secretarial Audit Report does not contain any reservation, qualification or adverse
remark.
During the period under review, it was observed that the Company did not appoint a
qualified Company Secretary within the prescribed time as required under Regulation 6(1)
of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As a
result, SEBI imposed a penalty of ^61,360/-, which the Company has duly paid on
06.06.2025.
*The Company has since complied with the requirement and appointed a qualified Company
Secretary. The management has assured that necessary steps have been taken to avoid
recurrence of such noncompliance.
35. PERFORMANCE EVALUATION
Pursuant to the provisions of the Companies Act, 2013 and as per SEBI (Listing
Obligations and Disclosure Requirement) Regulations 2015, a separate exercise was carried
out to evaluate the performance of individual Directors including the Chairman of the
Board who were evaluated on parameters such as level of engagement and contribution and
independence of judgment thereby safeguarding the interest of the Company. The performance
evaluation of the Independent Directors was carried out by the entire Board. The
performance evaluation of the Chairman and the Non Independent Directors was carried out
by the Independent Directors. The Board also carried out annual performance evaluation of
the working of its Audit, Nomination and Remuneration as well as Stakeholders Relationship
Committee. The Directors expressed their satisfaction with the evaluation process.
36. PARTICULARS OF LOAN, GUARANTEES AND INVESTMENT MADE UNDER 186 OF THE COMPANIES ACT,
2013.
The Company has given Loan or Guarantee or made Investment under Section 186 as per the
limits specified under Sec 186(2) of the Companies Act 2013.
37. SHARE CAPITAL
A. Increase in Authorized Share Capital and Preferential Allotment of Shares
During the year under review, there is no change in Authorized Capital of the Company.
B. Issue of equity shares with differential rights
Company has not issued any equity shares with differential rights so no disclosure is
required as per rule 4 (4) of the Companies (Share Capital and Debentures) Rules 2014
C. Issue of sweat equity shares
Company has not issued sweat equity shares, so no disclosure is required as per rule
8(13) of the Companies (Share Capital and Debentures) Rules 2014.
D. Issue of employee stock options
Company has not issued employee stock options, so no disclosure is required as per rule
12(9) of the Companies (Share Capital and Debentures) Rules 2014.
E. Provision of money by Company for purchase of its own share by employees or by
trustee for the benefit of employees
The Company has not made any provision for purchase of its own share by employees or by
trustee for the benefit of employees so no disclosure is required as per rule 16(4) of the
Companies (Share Capital and Debentures) Rules 2014.
38. DETAILS IN RESPECT OF ADEQUACY OF INTERIAL FINANCIAL CONTROLS WITH REFERENCE TO THE
FINANCIAL STATEMENT
The Company has adequate internal financial control system commensurate with the size
of the
Company and the nature of its business with regards to purchase of Fixed Assets. The
activities of the Company do not involve purchase of inventories and sale of goods and
services.
For the purposes of effective internal financial control, the Company has adopted
various procedures for ensuring the orderly and efficient conduct of its business,
including adherence to Company's policies, the safeguarding 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.
To ensure adequacy of internal financial controls, the procedures adopted by the
Company are based on the following parameters:
(a) Familiarity with Policies and Procedures - the related policies and procedures and
the changes there to ,if any ,are communicated to the employees at the time of joining and
it is ensured that such person understands the policies or procedures correctly.
(b) Accountability of Transactions - There is a proper delegation of authorities and
responsibilities so as to ensure accountability of any transaction.
(c) Accuracy & Completeness of Financial Statements/ Reports - For accuracy and
completeness of information, reconciliation procedure and multiple checking at different
level have been adopted. To avoid human error, computer software is extensively used.
(d) Retention and Filing of Base Documents - All the source documents are properly
filed and stored in a safe manner. Further, important documents, depending upon their
significance are also digitized.
(e) Segregation of Duties - It is ensured that no person handles all the aspects of a
transaction. To avoid
any conflict of interest and to ensure propriety, the duties have been distributed at
different levels.
(f) Timeliness - It is also ensured that all the transactions are recorded and reported
in a timely manner.
The procedures are also reviewed by the Statutory Auditors and the Directors of the
Company from time to time. There has also been proper reporting mechanism implemented in
the organization for reporting any deviation from the procedures.
39. TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND
Since there was no unpaid/unclaimed dividend declared and paid in past years, the
provisions of Section 125 of the Companies Act, 2013, do not apply.
40. SEGMENT
The Company is engaged in the business of manufacturing of Polyester Buttons which are
governed by the same set of risks and returns and as such are in the same segment.
41. RISK MANAGEMENT POLICY
Company has implemented proper risk management policy including identification therein
of element of risk.
42. LISTING OBLIGATION AND DISCLOSURE REQUIREMENTS
In Pursuant to Regulation 34 (3) of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, the Management Discussion and Analysis Report,
Declaration regarding Non applicability of Corporate Governance Report and Director's
declaration confirming compliance with the Code of Conduct has been made part of this
report.
43. DISCLOSURE ABOUT THE APPLICABILITY OF COST AUDIT SPECIFIED BY THE CENTRAL
GOVERNMENT UNDER SECTION 148 OF THE COMPANIES ACT, 2013.
The provision of the section 148 of the Companies Act, 2013 read with Rules 14 of the
Companies (Audit & Auditors) rules, 2014 is not applicable to the company.
44. GENERAL
Your Directors state that no disclosure or reporting is required in respect of the
following items as there were no transactions on these items during the year under review:
1. Details relating to deposits covered under Chapter V of the Act.
2. Issue of equity shares with differential rights as to dividend, voting or otherwise.
3. No significant or material orders were passed by the Regulators or Courts or
Tribunals which impact the going concern status and company's operations in future.
4. Details of application made or any proceeding pending under the Insolvency and
Bankruptcy Code, 2016 during the year along with status at the end of the financial year:
NA
5. Details of difference between the amount of valuation done at the time of one time
settlement and valuation done while taking loan from the Banks or Financial Institutions
along with reasons thereof: NA
45. GREEN INITIATIVES
In commitment to keep in line with the Green Initiatives and going beyond it,
electronic copy of the Notice of 40th Annual General Meeting of the Company including the
Annual Report for FY 2024-25 are being sent to all Members whose e-mail addresses are
registered with the Company /Depository Participant(s).
46. EVENT OCCURRED AFTER BALANCE SHEET DATE
No major events have occurred after the date of balance sheet of the Company for the
year ended on March 31, 2025
47. ACKNOWLEDGEMENT
Your Directors wish to place on record and acknowledge their appreciation for the
continued support and co- operation received from Government agencies and the
shareholders. Your Directors also record their appreciation for the total dedication of
employees at all levels.
For and on behalf of the Board of Directors Niraj Ispat Industries Limited
Place: New Delhi Date: 02.09.2025 |
Sd/- |
Sd/- |
|
Vaishali Chaudhry |
Chaitanya Chaudhary |
|
Director |
Director |
|
DIN: 01719640 |
DIN: 06813394 |
|
Address: KD-46, Kavi Nagar |
Address: KD-46, Kavi Nagar |
|
Ghaziabad-201002, Uttar Pradesh |
Ghaziabad-201002, Uttar Pradesh |
|