To, The Members
Spright Agro Limited
(Formerly known as “Tine Agro Limited”)
The Directors' present the 31st Annual report on the business and operations
of your Company for the year 2024-25.
FINANCIAL PERFORMANCE OF THE COMPANY:
| Particulars |
Year Ended 31.03.2025 |
Year Ended 31.03.2024 |
|
(In Rs.) |
(In Rs.) |
Revenue from Operations |
1 |
72,47,04,424.00 |
Other Income |
75,15,642.75 |
11,85,813.00 |
Total Revenue |
1,65,62,47,336.75 |
72,58,90,237.00 |
Less: Total Expenditure (including Change in |
1,44,77,52,055.48 |
59,90,78,389.72 |
Inventories) |
|
|
Profit Before Tax |
20,84,95,281.27 |
12,68,11,847.28 |
Less: Tax expense/ Deferred tax liability |
1,26,66,793.00 |
1,05,98,155.00 |
Profit after Tax |
1 |
11,62,13,692.28 |
Earnings Per Share |
0 |
0.78 |
For the year ended 31st March, 2025, your Company has reported total revenue
and net profit after taxation of Rs. 1,65,62,47,336.75/- and Rs. 19,58,28,488.27/-
respectively. Last year total revenue and net profit was Rs. 72,58,90,237.00/- and Rs.
11,62,13,692.28/-.
NATURE OF BUSINESS:
There are no changes in nature of Business.
CHANGE IN NAME OF THE COMPANY
The Company has changed its name from “TINE AGRO LIMITED” to “SPRIGHT
AGRO LIMITED” with effect from March 22, 2024.
CHANGE IN THE REGISTERED OFFICE OF THE COMPANY
There was no change in the registered office of the company during the financial year
2024-2025.
REPORT ON PERFORMANCE AND FINANCIAL POSITION OF SUBSIDIARIES, ASSOCIATESAND JOINT
VENTURE COMPANIES:
The Company does n ot h ave Subsidiaries, Associate and Joint Venture Companies. Hence,
details for the same are not required to mention here.
TRANSFER TO RESERVES:
The Company has not transferred any amount to reserves.
DIVIDEND:
In view of losses, your directors do not recommend any dividend during the year.
SHARE CAPITAL & AUTHORISED SHARE CAPITAL:
The paid-up Equity Share Capital as on March 31, 2025 was Rs. 50,22,69,160/- The
Authorised Share Capital as on March 31, 2024 was Rs. 51,00,00,000/-.
| Particulars |
As at March 31, 2025 |
As at March 31, 2024 |
No. of shares at the beginning of the year |
502269.16 |
5672.90 |
Add: Bonus issued during the year |
535753.77 |
25113.46 |
Add: Issue of Shares during the year |
33484.61 |
25000.00 |
Add: Split of Shares from Rs.10/- to 1/- |
0 |
452042.24 |
Less: Reduction in Capital |
0 |
(5559.44) |
|
1071507.54 |
502269.16 |
A) Issue of equity shares with differential rights:
During the year under review, the Company has not issued any shares with differential
voting rights.
B) Issue of sweat equity shares
During the year under review, the Company has not issued any sweat equity shares.
C) Issue of employee stock options
During the year under review, the Company has not issued any sweat equity shares.
D) Provision of money by company for purchase of its own shares by employees or by
trustees for the benefit of employees
The Company has no scheme of provision of money for purchase of its own shares by
employees or by trustees for the benefit of employees. Hence the details under rule 16 (4)
of Companies (Share Capital and Debentures) Rules, 2014 are not required to be disclosed.
FINANCE:
Company has not borrowed from any Bank or Financial Institution during the year under
review.
DEPOSITS:
The Company has not accepted or renewed any deposits during the year. There are no
outstanding and overdue deposits as at 31st March, 2025.
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186:
Details of Loans, Guarantees and Investments covered under the provisions of Section
186 of the Companies Act, 2013 are given in the notes to the Financial Statements.
EMPLOYEE RELATIONS:
Employee relations throughout the Company were harmonious. The Board wishes to place on
record its sincere appreciation of the devoted efforts of all employees in advancing the
Company's vision and strategy to deliver good performance.
RISK MANAGEMENT POLICY:
Risk management is embedded in your company's operating framework. Your company
believes that managing risk helps in maximizing returns. The company's approach to
addressing business risk is comprehensive and includes periodic review of such risks and a
framework for mitigating controls and reporting mechanism of such risks. The risk
management framework is reviewed periodically by the Board and the Audit Committee. Some
of the risks that the company is exposed to are:
Commodity Price Risks:
The Company is exposed to the risk of price fluctuation of raw material as well as
finished goods. The company proactively manages these risks through forward booking.
Inventory management and proactive vendor development practices. The Company's reputation
for quality, product differentiation and service, coupled with existence of powerful brand
image with robust marketing network mitigation the impact the impact of price risk on
finished goods.
Regulatory Risks
The company is exposed to risks attached to various statues and regulations including
the company Act. The company is mitigating these risks through regular review of legal
compliances carried out through internal as well as external compliance audits.
Human Resources Risks
Retaining the existing talent pool and attracting new talent are major risks. The
company has initialed various measures including rolling out strategic talent management
system, training and integration of learning and development activities.
Strategic Risks
Emerging businesses, capital expenditure for capacity expansion, etc., are normal
strategic risk faced by the company. However, the company has well-defined processes and
procedures for obtaining approvals for investments in new business and capacity expansion
etc.
VIGIL MECHANISM / WHISTLE BLOWER POLICY:
In pursuant to the provisions of section 177(9) & (10) of the Companies Act, 2013,
and Regulation 22 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, a Vigil Mechanism for directors and employees to report genuine concerns has been
established. The Company has a vigil mechanism named Whistle Blower Policy to deal with
instances of fraud and mismanagement, if any.
DIRECTORS:
Your Company's Board comprises of the following directors: -
|
Directors/Signatory Details |
|
|
| DIN/PAN |
Name |
Begin date |
End date |
08067509 |
AKSHAYKUMAR NATUBHAI PATEL |
09/06/2022 |
- |
10528409 |
KRISHNA VIPINCHANDRA PATEL |
01/03/2024 |
- |
03592385 |
ANKIT SINGHAL |
14/06/2024 |
- |
10204543 |
KANWAR NITIN SINGH |
14/06/2024 |
- |
10122918 |
AMIT BAJAJ |
18/05/2024 |
- |
10204473 |
NAMRATA SHARMA |
18/05/2024 |
- |
a) Changes in Directors and Key Managerial Personnel:
During the year following Changes made in the Directors and Key Managerial Personnel:
1. Ms. Pooja Manthan Patel has resigned from the post of Company Secretary and
Compliance Officer of the Company w.e.f. April 12, 2024.
2. Mrs. Kanika Kumar has been appointed as Company Secretary and Compliance
Officer w.e.f. April 29, 2024.
3. Appointment of Mr. Amit Bajaj (DIN: 10122918) as an Additional Director of
the Company for the Category of Non-Executive Independent Director w.e.f. 18.05.2024.
4. Appointment of Mrs. Namrata Sharma (DIN: 10204473) as an Additional Director
of the Company for the Category of Non-Executive Independent Director w.e.f. 18.05.2024.
5. Resignation of Mrs. Shivangi Gajjar (DIN: 07243790) as Non-Executive
Independent Director of the Company w.e.f. 21.05.2024
6. Resignation of Mrs. Nilam Makwana (DIN: 09210336) as Non-Executive
Independent Director
of the Company w.e.f. 21.05.2024
7. Appointment of Mr. Ankit Singhal (DIN: 03592385) as an Additional Director of
the Company for the Category of Non-Executive Independent Director w.e.f. 14.06.2024
8. Appointment of Mr. Kanwar Nitin Singh (DIN: 10204543) as an Additional
Director of the Company for the Category of Non-Executive Independent Director w.e.f.
14.06.2024
b) Declaration by an Independent Director(s) and reappointment, if any
All Independent Directors have given declarations that they meet the criteria of
independence as laid down under Section 149(6) of the Companies Act, 2013 and SEBI
(Listing Obligation and Disclosure Requirements) Regulations, 2015.
c) Formal Annual Evaluation
Pursuant to the provisions of the Companies Act, 2013 and SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, the Board has carried out an annual
performance evaluation of its own performance, the 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.
d) Remuneration Policy
The Board has, on the recommendation of the Nomination & Remuneration Committee
framed a p o licy for selection and appointment o f Directors, Key Managerial Personnel,
Senior Management and their remuneration. The Remuneration Policy is stated in the
Corporate Governance Report.
e) Number of Meetings of the Board of Directors:
Regular meetings of the Board are held to discuss and decide on various business
policies, strategies and other businesses. The schedule of the Board/Committee meetings to
be held in the forthcoming financial year is being circulated to the Directors in advance
to enable them to plan their schedule for effective participation in the meetings.
During the year the Company has held 16 (Sixteen) Board Meetings as against the minimum
requirement of 04 meetings.
COMMITTEE OF BOARD: AUDIT COMMITTEE a) Brief description of terms of reference:
Terms of Reference of the Audit Committee are as per Section 177 of the Companies Act,
2013 and the guidelines set out in the listing agreements with the Stock Exchanges that
inter-alia, include overseeing financial reporting processes, reviewing periodic financial
results, financial statements and adequacy of internal control systems with the Management
and adequacy of internal audit functions, discussions with the auditors about the scope of
audit including the observations of the auditors and discussion with internal auditor on
any significant findings.
b) Composition:
The Audit Committee has been constituted in conformity with the requirements of Section
- 177 of the Companies Act, 2013. As on the end of Financial Year 2024-25, Audit Committee
comprises of three Directors as under:
| Sr. No. |
Name of Member |
Designation |
1 |
Namrata Sharma |
Chairperson |
2 |
Amit Bajaj |
Member |
3 |
Krishna Vipinchandra Patel |
Member |
During the year under review, the 4 Audit Committee was held during Financial Year
2024-25.
Minutes of meetings of the Audit Committee are circulated to members of the Committee
and the Board is kept apprised.
Members of the Audit Committee have requisite financial and management expertise. The
Statutory Auditors, Internal Auditor and the Chief Financial Officer are invited to attend
and participate at meetings of the Committee.
NOMINATION/REMUNERATION COMMITTEE
The Nomination/Remuneration committee consists of the following three Directors:
| Sr. No. |
Name of Member |
Designation |
1 |
Amit Bajaj |
Chairperson |
2 |
Namrata Sharma |
Member |
3 |
Krishna Vipinchandra Patel |
Member |
The Nomination/Remuneration committee recommends to the Board the attributes and
qualification for becoming a member of the Board. It also recommends the remuneration
payable to the Directors, Key managerial personnel and other senior personnel and such
other matters as are necessary under SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
During the year under review, the 3(Three) Nomination and Remuneration Committee
meetings was held during Financial Year 2024-25.
SHAREHOLDERS COMMITTEE:
The Board of Directors have constituted a “Share Transfer and Shareholders /
Investor Grievance Committee and stakeholders' relationship committee” in line with
the Listing Agreement, which is responsible for all matters concerning the share
transfers, transmissions, issue of duplicate share certificates and attending to the
grievance of the shareholders.
The present composition of the Committee is as under: Shareholder's Committee consists
of following Directors
| Sr. No. |
Name of Member |
Designation |
1 |
Krishna Vipinchandra Patel |
Chairperson |
2 |
Namrata Sharma |
Member |
3 |
Amit Bajaj |
Member |
During the year under review, the 1(One) Stakeholders Committee meeting was held during
Financial Year 2024-25.
The Company addresses all complaints, suggestions and grievances expeditiously and
replies have been sent / issues resolved usually within 15 days except in case of dispute
over facts or other legal constraints. During the year complaints were received from SEBI
or shareholders were resolved satisfactory. No requests for share transfers are pending
except those that are disputed or Sub-judice.
Evaluation
Committee has adopted a formal system of evaluating Board performance as a whole and
the contribution of each individual director. An evaluation of Board performance is
conducted annually to identify areas of improvement and as a form of good Board management
practice. Each member of the Committee shall abstain from voting any resolutions in
respect of the assessment of his performance or re-nomination as Director. The results of
the evaluation exercise were considered by Committee which then makes recommendations to
the Board aimed at helping the Board to discharge its duties more effectively.
Performance Evaluation
Pursuant to the provisions of the Companies Act, 2013 and the Board has carried out the
annual performance evaluation of its own performance, the Directors individually as well
as the evaluation of the working of its Audit, Nomination and Remuneration and Stakeholder
Committees. A structured questionnaire was prepared after taking into consideration inputs
received from the Directors, covering various aspects of the Board's functioning such as
adequacy of the composition of the Board and its Committees, Board culture, execution and
performance of specific duties, obligations and governance.
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, independence of judgment, safeguarding the interest of the
Company and its minority shareholders etc. 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
Directors expressed their satisfaction with the evaluation process.
General Body Meeting:
| Date |
Type |
Time |
Venue |
May 27, 2024 |
AGM |
02.00 PM |
Office No: B-263, Sakar-7, Nehru Bridge Corner, Ashram Road,
Ahmedabad, Gujarat - 380006 |
Nov 11, 2024 |
EGM |
1 1 |
Office No. B-263, Sakar-7, Nehru Bridge Corner, . 3 0 AM Ashram
Road, Ahmedabad, Gujarat 380006 |
DISCLOSURE OF REMUNERATION OF EMPLOYEES COVERED UNDER RULE 5(2) OF THE COMPANIES
(APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014:
The information 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 provided in the Report and marked as “Annexure - A”. No employee of the
Company was in receipt of the remuneration exceeding the limits prescribed in the rule
5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.
DIRECTORS' RESPONSIBILITY STATEMENT:
The Directors' Responsibility Statement referred to in clause (c) of sub-section (3) of
Section 134 of the Companies Act, 2013, shall state 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.
PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES:
All related party transactions which were entered into during the financial year were
in the ordinary course of business. The details of related party transactions are annexed
to this Board Report in Form AOC-2 and marked as “Annexure - B” to this report.
SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS:
There are n o significant material o rders p assed b y the Regulators / Courts which
would impact the going concern status of the Company and its future operations.
AUDITORS AND THEIR REPORT AND BOARD COMMENT ON IT:
A. Statutory Auditors
The Board of Director has recommended to the shareholder of the Company for their
approval in Annual General Meeting to appointment of M/s. MARKS & CO. (FRN:139476W),
Chartered Accountants, Ahmedabad, as the Statutory Auditors of the Company to fill the
casual vacancy caused by the resignation of M/s. S K Bhavsar & Co., Chartered
Accountants (Firm Registration No.0145880W) for a period of 5 consecutive years commencing
from the conclusion of this Annual General Meeting till the conclusion of the Annual
General Meeting to be held for the financial year March 31, 2030 on such remuneration and
out-of-pocket expenses, as may be fixed by the Management of the Company, in consultation
with them.
Audit Report of the Statutory Auditor
The Statutory Auditor has given favorable Report for the Financial year ended as on
31.03.2025. There is no any qualification mark in the Audit Report.
B. Secretarial Audit
Pursuant to the provisions of Section 204 of the Companies Act, 2013 and The Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has
appointed M/s Mittal V Kothari & Associates, Practicing Company Secretaries, Ahmedabad
to undertake the Secretarial Audit of the Company.
The Secretarial Audit Report for financial year 2024-25 issued by M/s. Mittal V Kothari
& Associates, Practicing Company Secretaries, Ahmedabad has been attached with this
Report.
Audit Report of the Secretarial Auditor
Provisions of Section 204 read with Section 134(3) of the Companies Act, 2013, mandates
to obtain Secretarial Audit Report from Practicing Company Secretary. M/s. Mittal V
Kothari & Associates, Company Secretaries had been appointed to issue Secretarial
Audit Report for the Period ended on March 31, 2025. Secretarial Audit Report issued by
M/s. Mittal V Kothari & Associates, Company Secretaries for the year ended on March
31, 2025 in Form MR-3 attached and marked as Annexure “C” for the period under
review, forms part of this report. The said report contains observation or qualification
which is mentioned as below:
| Qualification |
Explanation |
The Company has failed to make disclosure under Regulation 23(9) of
the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2 015 i.e.
Disclosure of Related Party Transactions and the BSE is imposed fine of Rs.5900/-. |
The management has clarified that the Company has paid the fine
imposed by BSE and ensures that such non-compliance will not be repeated in future
instances. |
The Company has not made any disclosure under Regulation 23(9) of
the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 i.e.
Disclosure of Related Party Transactions which is required to be disclosed every six
months on the date of publication of its standalone and consolidated financial results. |
The management has clarified that such non- disclosure was u
nintentional, inadvertent in nature with n o malafide intention and the company has
assured that the same error will not be repeated in future instances. |
The Company has not given advertisement in the newspaper of
Financial result for the Quarter ended on March 2024, June 2024 and September 2024 as
required under Regulation 47 of the SEBI (Listing Obligation and Disclosure Requirements)
Regulations, 2015. |
The management has clarified that such non- Compliance was
unintentional, inadvertent in nature with n o malafide intention and the company has
assured that the same error will not be repeated in future instances. |
The Company has failed to get approval of appointment of Additional
Independent Directors at the next general meeting or within a time period of three months
from the date of appointment, whichever is earlier as required under regulation 17(1C) of
the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. |
The management has clarified that such non- Compliance was
unintentional, inadvertent in nature with n o malafide intention and the company has
assured that the same error will not be repeated in future instances. |
The Company has failed to make disclosure of appointment of
Internal auditor of the Company under Regulation 3 0 of the SEBI (Listing Obligation and
Disclosure Requirements) Regulations, 2015. BSE has issued following discrepancies to the
Company: |
The management has clarified that such non- Compliance was
unintentional, inadvertent in nature with n o malafide intention and the company has
assured that the same error will not be repeated in future instances. |
(i) The BSE limited has issued advisory letter to the Company in
which the Exchange has noted non-compliance by the Company in relation to its corporate
announcement dated 04/11/2023 at 16:00, filed under Regulation 30 of SEBI (LODR)
Regulations, 2015. |
The management has clarified that such non- Compliance was
unintentional, inadvertent in nature with n o malafide intention and the company has
assured that the same error will not be repeated in future instances. |
(ii) The Exchange has observed that Company has not updated PAN of
Promoter/Promoter group in SDD portal of depositories system as required under SEBI
Circulars No. SEBI/HO/ISD/ISD/CIR/P/2020/168 dated September 9, 2 020
SEBI/CIR/CFD/DCR1/CIR/P/2020/181 dated September 23, 2020. |
The management has clarified that such non- Compliance was
unintentional, inadvertent in nature with n o malafide intention and the company has
assured that the same error will not be repeated in future instances. Further, the Company
will update PAN of and Promoter/Promoter group in SDD portal of depositories system. |
(iii) The BSE limited has raised discrepancy in Corporate
Governance filed for the quarter ended on June 30, 2024 that 1. Meeting of BOD - Previous
quarter meeting date not provided and 2. Audit Committee - Previous quarter meeting date
not provided. |
The management has clarified that such non- Compliance was
unintentional, inadvertent in nature with n o malafide intention and the company has
assured that the same error will not be repeated in future instances. |
COST AUDITOR
The Company does not fall within the purview of section 148 of the Companies Act, 2013
and hence, it is not required to appoint a cost auditor for the financial year 2024-2025.
DISCLOSURES AS MAINTENANCE OF COST RECORDS UNDER SUB-SECTION (1) OF SECTION 148 OF THE
COMPANIES ACT, 2013
The Company does not fall under the preview of section 148 of the Companies Act, 2013,
and hence it is not required to maintain any cost records and accordingly such accounts
and records are not made and maintained by the company.
INTERNAL AUDIT & CONTROLS:
Though the Company has appointed internal auditor as required under Section 138 of the
Companies act, 2013 and the accounting and other system have been designed in such a
manner that review of entire process for safeguarding the assets of the company, its
operational efficiency, effectiveness of the systems are taken care of properly.
Moreover, it is to be noted that the quantum of the day-to-day transactions as well as
turnover are of small size and hence, internal auditor has not been appointed.
CORPORATE GOVERNANCE CERTIFICATE AND MANAGEMENT DISCUSSION & ANALYSIS:
Your Company has complied with the requirements of corporate governance as prescribed
under Schedule V of the SEBI (LODR) Regulations, 2015. A separate report on corporate
governance forms the part of the annual report as ANNEXURE-D. certificate from the
Practicing Company Secretary regarding compliance of conditions of Corporate Governance is
presented under a separate section, which forms part of this Annual Report.
The Management Discussion and Analysis Report forms part as ANNEXURE-E of this Annual
Report for the year ended 31st March, 2025.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:
The Particulars regarding Conservation of Energy, Technology Absorption and Foreign
Exchange Earnings and Outgo, pursuant to Section 1 34 of the Companies act 2 013 read
withthe Companies (Account) Rules, 2014 are as follow:
1. |
Conservation of Energy |
Nil |
2. |
Technology Absorption |
Nil |
3. |
Foreign Exchange Earnings and Outgo |
Nil |
CORPORATE SOCIAL RESPONSIBILITY(CSR):
Corporate Social Responsibility is not applicable to the Company.
HUMAN RESOURCES:
Your Company treats its “Human Resources” as one of its most important
assets. Your Company continuously invests in attraction, retention and development of
talent on an ongoing basis. A number of programs that provide focused people attention are
currently underway. Your Company thrust is on the promotion of talent internally through
job rotation and job enlargement.
EXTRACT OF THE ANNUAL RETURN:
In accordance with provisions of Section 134(3)(a) of the Companies Act, 2013, the
Annual Return as required under Section 92 of the Act for the Financial Year 2024-25, will
available on the Company's website at www.sprightagro.com.
TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND:
The Company does not have any funds lying unpaid or unclaimed for a period of seven
years. Therefore, there were no funds which were required to be transferred to Investor
Education and Protection Fund (IEPF).
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 are no any 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.
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:
There are no 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 under review.
DETAILS IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE F
INANCIAL STATEMENTS:
The Company has adequate of internal financial controls with reference to the Financial
Statements during the year under review.
DISCLOSURE AS PER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND
REDRESSAL) ACT, 2013:
Company has adopted a policy for prevention of Sexual Harassment of Women at workplace
and has set up Committee for implementation of said policy. During the year Company has
not received any complaint of harassment.
PREVENTION OF SEXUAL HARASSMENT
The Company's goal has always been to create an open and safe workplace for every
employee to feel empowered, irrespective of gender, sexual preferences and other factors,
and contribute to the best of their abilities. In line to make the workplace a safe
environment, the Company has set up a policy on prevention of sexual harassment in line
with the requirements of the Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013 (“PoSH Act”). Further, the Company has
complied with the provisions under the PoSH Act relating to the framing of an anti-sexual
harassment policy and the constitution of an Internal Committee.
The Company has not received any complaints of work place complaints, including
complaints on sexual harassment during the year under review. OR The following is a
summary of complaints received and resolved during the reporting period:
| Sr. No. |
Nature of Complaints |
Received |
Disposed off |
Pending |
1. |
Sexual Harassment |
NIL |
NA |
NA |
2. |
Workplace Discrimination |
NIL |
NA |
NA |
3. |
Child Labour |
NIL |
NA |
NA |
4. |
Forced Labour |
NIL |
NA |
NA |
5. |
Wages and Salary |
NIL |
NA |
NA |
6. |
Other HR Issues |
NIL |
NA |
NA |
MATERNITY BENEFIT PROVIDED BY THE COMPANY UNDER 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 post-maternity 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.
DETAILS OF APPLICATION MADE OR PROCEEDING PENDING UNDER INSOLVENCY AND BANKRUPTACY CODE
2016
During the financial year under review, there were NO application/s made or proceeding
were pending in the name of the company under the Insolvency and Bankruptcy Code, 2016.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION
As the business and activities of the Company does not involve any manufacturing
activity right now, the information required to be provided under the provisions of
Section 134(3)(m) of the Companies Act, 2013 in respect of Conservation of energy and
technology absorption have not been furnished considering the nature of activities
undertaken by the Company during the financial year under review.
FOREIGN EXCHANGE EARNINGS AND OUTGO
a) Conservation of Energy:
As the business and activities of the Company does not involve any manufacturing
activity. Hence there is no need to conserve energy.
b) Technology Absorption:
Efforts made for technology absorption |
N.A. |
Benefits derived |
N.A. |
Expenditure on Research &Development, if any |
N.A. |
Details of technology imported, if any |
N.A. |
Year of import |
N.A. |
Whether imported technology fully absorbed |
N.A. |
Areas where absorption of imported technology has not taken place,
if any |
N.A. |
DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE TIME SETTLEMENT AND VALUATION
WHILE AVAILING LOAN FROM BANKS AND FINANCIAL INSTITUTIONS
During the Financial year under review, there were NO one time settlement of Loans
taken from Banks and Financial institutions.
APPOINTMENT OF DESIGNATED PERSON (MANAGEMENT AND ADMINISTRATION) RULES 2014 - RULE 9 OF
THE COMPANIES ACT 2013.
In accordance with Rule 9 of the Appointment of Designated Person (Management and
Administration) Rules 2014, it is essential for the company to designate a responsible
individual for ensuring compliance with statutory obligations.
The company has proposed and appointed a Designated person in a Board meeting and the
same has been reported in Annual Return of the company.
LISTING WITH STOCK EXCHANGES:
Companies' Shares are Listed on BSE Limited.
ACKNOWLEDGMENT:
The management is grateful to the government authorities, Bankers, Vendors for their
continued assistance and co-operation. The directors also wish to place on record the
confidence of members in the company.
By Order of the Board For Spright Agro Limited |
|
(Formerly known as “Tine Agro Limited) |
|
Sd/- |
Sd/- |
Akshaykumar N. Patel |
Krishna Vipinchandra Patel |
Managing Director & CFO |
Director |
DIN: 08067509 |
DIN: 10528409 |
Date: August 28, 2025 |
Date: August 28, 2025 |
Place: Ahmedabad, Gujarat |
Place: Ahmedabad, Gujarat |
|