Your Directors are pleased to present the 35th Annual Report and the Company’s Audited FinancialStatement for the Financial Year ended March 31st, 2024.
Your directors submit the following particulars/disclosures and information as required under section134(3) and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies(Accounts) Rules 2014 and other applicable rules thereunder.
The Company’s financial performance, for the year ended March 31st, 2024 is Summarized Below:
(Amount in ‘000’)
Standalone
Consolidated
PARTICULARS
2023-24
2022-23
Total earning
12700.29
14038.70
Profit before Depreciation, Interest& other adjustments
9241.04
26773.07
Less : Finance Cost
3139.18
4781.82
: Depreciation
55.36
55.366
Profit Before Tax
6046.50
21935.90
Less :Earlier Year Expenses
:Provision FOR Current Year Tax
1172.83
2570.09
:Deferred Tax Provided (WrittenBack)
39.27
2528.30
Profit for the year
4834.40
16837.51
Current Year Share of Associates
-
1705.31
53054.16
Consolidated Profit & Loss
6539.71
69891.67
APPROPRIATIONS :
Transfer to NBFC Reserve
(966.88)
(3367.50)
Balance carried to Balance Sheet(Retained earnings)
34601.56
30734.04
77042.77
EPS (Basic & Diluted) (in Rs. ) onEquity Shares of Rs. 10/-
0.48
1.66
0.64
6.89
During the year the Company has achieved a turnover of 127.00 Lakhs as against turnover of 140.38Lakhs in the previous year registering a decreased of 9.53%. The overall performance remainssatisfactory.
Profit for the year has decreased by. (158.894) Lakh which is Rs. 60.465 as compared to Rs 219.359 inthe previous year.
Proportionate share in the profits of associate companies based on the shareholdings, have beenincluded in the consolidated financial statement for the year ended 31 "March, 2024
During the year under review, there was no change in the nature of business of the company and thereis no material changes and/or commitments, affecting the financial position of the company, during thefinancial year 2023- 2024.
The Equity Shares of the Company continue to remain listed on BSE Limited (Security Code:531878). The company has paid the due listing fees to BSE Limited for the financial year 2024-25 ontime.
In accordance with the Companies Act, 2013, read with the Companies (Accounts) Rules, 2014 andIND AS 28- Investment in Associates, the Audited Consolidated Financial Statements forms part ofthis Annual Report
In order to preserve the profit and to utilize such amount in the business activities, Board of Directorsof your company does not recommend any dividend during the year 2023-24 under review. (Previousyear: Nil)
No amount is required to be transferred to the investor education & protection fund during the year.
The Company has transferred Rs. 966880/- to the NBFC Reserves as per requirement of the Directionsof the RBI to the NBFC Companies (Previous year RS. 3367500/-) except that no amount has beentransferred or withdrawn from the reserves by the Company.
The company has not required credit rating.
The company has ascertained NPA under Non-Banking Financial (Non deposit accepting or holding)Company's Prudential norms (Reserve Bank) Directions, 2007, as amended from time to time, andmade adequate provisions there against. The company did not recognize interest income on suchNPAs. And also no assets of the company are classified as non-performing under the SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015. As such, no provision is required to bemaintained.
The company continues to comply with all the requirements prescribed by NBFC Companies fromtime to time
12. ASSOCIATES/SUBSIDIARIES/JOINT VENTURES COMPANIES
The company has no Subsidiaries and Joint Ventures. Chamelidevi Flour Mills Pvt. Ltd. ceased to bean associate of the company.
The company's previously substantial equity interest of 34.99% in Chamelidevi Flour Mills Pvt. Ltd.has undergone a material reduction to a current holding of 19.30% during the fiscal year.
The Relevant detail as per Form AOC-1 is enclosed herewith as per Annexure - “A”.
13. DETAILS IN RESPECT OF FRAUD REPORTED BY AUDITOR’S UNDER SECTION 143(12)OF THE COMPANIES ACT, 2013 OTHER THAN THOSE WHICH ARE REPORTABLE TOTHE CENTRAL GOVERNMENT:
During the year under review, Statutory Auditors have not reported, any instances of fraud committedagainst your Company by its officers and employees to the Board, details of which would need to bementioned in the Board's Report under section 143(12) of the . Companies Act, 2013.
14. THE DETAILS ABOUT THE POLICY DEVELOPED AND IMPLEMENTED BY THECOMPANY ON CSR {CORPORATE SOCIAL RESPONSIBILITY) INITIATIVES TAKENDURING THE YEAR:
Your company does not fall under the threshold limit as required under the provisions of Section 135of Companies Act, 2013 and rules made there under, hence there was no requirement to constituteCSR Committee as well formulate any policy thereof.
15. CRITERIA FOR DETERMINING QUALIFICATIONS, POSITIVE ATTRIBUTES,INDEPENDENCE OF DIRECTOR AND OTHER MATTERS UNDER SECTION 178(3) OFTHE COMPANIES ACT, 2013:
The Board has, on the recommendation of the nomination and remuneration committee framed aNomination, Remuneration and Evaluation Policy which lays down the criteria for identifying thepersons who are qualified to be appointed as directors and, or senior management personnel of thecompany, along with the criteria for determination of remuneration of directors, KMP's and otheremployees and their evaluation and includes other matters, as prescribed under the provisions ofsection 178 of Companies Act, 2013 and Regulation 19 of SEBI (LODR) Regulations 2015. Policy ofthe Company has been given at the website of the Company at anjanifin@rediffmail.com. The detailsof the same are also covered in Corporate Governance Report forming part of this Annual Report.
16. DISCLOSURE U/S 134 (3)
Pursuant to the provisions of sec 134 (3) read with companies (Accounts) rules, 2014. The requiredinformation’s & disclosures, to the extent applicable to the company are as under:
• The web address where Annual Return in form no. MGT-7 is annexed ishttps://anjanifin.eom//uploads/images/MGT-7_Anjani.pdf
• Policy of company for the appointment of Directors and their remuneration as per Annexure-“B”.
• The particulars of contracts/arrangements entered into by the company with related parties referredto in sub section (1) of section 188 of the Companies Act, 2013 in the Form AOC-2 is enclosedherewith as per Annexure -“C”.
• Statement of Conservation of energy, technology absorption and foreign exchange earnings andoutgo is not applicable to the company.
• The ratio of the remuneration of each director to the median employee's remuneration and .theirdetails in terms of subsection 12 of Section 197 of the Companies Act, 2013 read with Rule 5(1) ofthe Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, areforming part of this report and is annexed as per Annexure -“D”.
There is no employee drawing remuneration of ' 850000/- per month or ' 10200000/- per year, thereforethe particulars of employees as required U/s 197(12) of the Companies Act, 2013 read with Rule 5(2)and Rule 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules,2014, are not applicable to the Company.
17. STATEMENT INDICATING DEVELOPMENT AND IMPLEMENTATION OF A RISKMANAGEMENT POLICY FOR THE COMPANY INCLUDING IDENTIFICATIONTHEREIN OF ELEMENTS OF RISK:
The Company is primarily engaged in the business of Investment and Lending Activities and isassociated with the normal business risk of the market. Any change in the taxation and Industrialpolicy by the Government may adversely affect the profitability of the Company. The Company ishaving adequate internal control to monitor the financial transactions and the books of accounts arebeing audited by the independent auditor of the Company.
a) Know Your Customer and Anti money laundering measure policy
Your company has a board approved Know Your Customer (KYC Policy) and Anti MoneyLaundering measure policy (AML Policy) in place and adheres to the said policy. The said policy is inline with the RBI Guidelines. Company has also adhered to the compliance requirement in terms of thesaid policy including the monitoring and reporting of cash and suspicious transactions. There arehowever, no cash transactions of the value of more than Rs. 10,00,000/- or any suspicious transactionswhether or not made in cash noticed by the company in terms of the said policy.
b) Fair Practice Code
Your company has in place a Fair Practice Code (FPC), as per RBI Regulations which includesguidelines from appropriate staff conduct when dealing with the customers and on the organizationspolicies vis-a-vis client protection. Your company and its employees duly complied with theprovisions of FPC.
c) Code of Conduct for Board of Directors and the Senior Management Personnel
Your company has adopted a code of conduct as required under Regulation 17 of SEBI (ListingObligations and Disclosure Requirements) Regulations 2015, for its BOD and the senior managementpersonnel. The code requires the directors and employees of the company to act honestly, ethically andwith integrity and in a professional and respectful manner. A certificate of the Management is attachedwith the Report in the Corporate Governance section.
d) Code of Prohibition of Insider Trading Practices
Your company has in place a code for prevention of insider trading practices in accordance with themodel code of conduct, as prescribed under SEBI ( prohibition of insider trading) Regulations, 2015,as amended and has duly complied with the provisions of the said code.
e) Vigil Mechanism Policy
Pursuant to the provisions of section 177(9) and (10) of the Companies Act 2013 read with rule 7 ofCompanies (Meeting of Boards and its powers) Rules, 2014 and Regulation 22 of SEBI (ListingObligations And Disclosure Requirements) Regulations, 2015, the company and adopted a whistleblower policy which provides for a vigil mechanism that encourages and supports its directors andemployees to report instances of unethical behavior, actual or suspected, fraud or violation of thecompany' code of conduct policy. It also provides for adequate safeguards against victimization ofpersons who use this mechanism and direct access to the chairman of audit committee in exceptionalcases. Policy of the whistle blower of the Company has been given at the website of the company atwww.anjanifin.com and attached the same as Annexure-E to this report.
f) Prevention, Prohibition and Redressal of Sexual harassment of women at work place
Your Company has zero tolerance for sexual harassment at workplace. The Company has adopted aPolicy on Prevention, Prohibition and Redressal of Sexual Harassment at workplace in line with theprovisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal)Act, 2013 ('POSH Act') and the rules framed there under. All employees (permanent, contractual,temporary, trainees) are covered under this policy. As per the requirement of the Sexual Harassment ofWomen at Workplace (Prevention, Prohibition & Redressal) Act, 2013 ('Act') and Rules made thereunder, your company has constituted Internal Complaints Committees (ICC). Statement showing the
number of complaints filed during the financial year and the number of complaints pending as on theend of the financial year is shown as under:
Statements of compliant Received During the F.Y. 2023-24
No. of complaints pending at the beginning of Financial Year
No. of complaints received during the of Financial Year
No. of complaints disposed off during the of Financial Year
No. of complaints those remaining unresolved at the end of the of Financial Year
g) Nomination, Remuneration and Evaluation Policy (NRE Policy)
The Board has, on the recommendation of the nomination and remuneration committee framed anomination, remuneration and evaluation policy which lays down the criteria for identifying thepersons who are qualified to be appointed as directors and, or senior management personnel of thecompany, along with the criteria for determination of remuneration of directors, KMP'S and otheremployees and their evaluation and includes other matters, as prescribed under the provisions ofsection 178 of Companies Act, 2013 and clause 49 of the Listing Agreement and Regulation 19 ofSEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Policy of the Companyhas been given at the website of the Company at www.anjanifin.com and attached the same asAnnexure B to this report. The details of the same are also covered in corporate Governance Reportforming part of this annual report.
h) Related Party Transactions Policy
There were no materially significant related party transactions held during the FY 2023-24 that mayhave potential conflict with the interest of company at large. Transactions entered with related partiesas defined under the Companies Act, 2013 and Regulation 23 of SEBI (Listing Obligations andDisclosure Requirements) Regulations 2015, during the financial year were mainly in the ordinarycourse of business and on an arm's length basis. The related party transaction policy as formulated bythe company defines the materiality of related party and lays down the procedures of dealing withrelated party transactions. The details of the same are posted on the Company web-sitewww.anjanifin.com.
i) Policy of company for the appointment of Directors and their remuneration
Policy of company for the appointment of Directors and their remuneration is hosted on the website(www.availablefinance.in) of the company as per the requirement of the section 178 of the CompanyAct, 2013
19. DIRECTORS AND KEY MANAGERIAL PERSONNEL
The Board of Directors of your company consists of 4 directors. Mr. Sanjay Kumar Agarwal (DIN00023611) continued to hold the office as Managing Director of the company. Mrs. Kalpana Jain (DIN02665393) is a non-executive non-Independent director of company.
Mr. Sarthak Agrawal (DIN 09700883) and Mr. Ankur Agrawal (DIN 07551302)) are the Independentdirectors of the Company. All independent directors have given declaration that they meet the criteriaof independence as laid down under section 149(6) of the companies Act, 2013 and clause 49 of theListing Agreement and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015forms part of this report.
In accordance with the provisions of Section 152 of the companies Act 2013 read with relevantprovisions of Articles of Association of the company, Mrs. Kalpana Jain will retire by rotation at theensuing Annual General meeting and being eligible offers himself for re-appointment. The Boardrecommends her re-appointment.
The brief resume of directors proposed to be appointed/ reappointed, nature of their expertise inspecific functional areas and names of the companies in which they hold directorship along with theirmembership/chairmanship of committees of the board as stipulated under Clause 49 of Listing
Agreement of stock exchanges and SEBI (Listing Obligations and Disclosure Requirements)Regulations 2015, or provided in the Corporate Governance section along with the Annual Report.
Based on the confirmations received, none of the directors are disqualified from being appointed, re¬appointed as directors in terms of section 164 of the Companies Act, 2013.
Independent Director Pursuant to the provision of the Companies Act, 2013, company is having twoIndependent Director as on 31.03.2024, which are as follows: -
1. Mr. Ankur Agrawal
2 Mr. Sarthak Agrawal
CS Nasir Khan, a whole time Company Secretary of the company is designated as key managerialpersonnel of the company as per the provisions of section 203 of the companies Act, 2013
20. NUMBER OF MEETINGS OF THE BOARD:
During the FY 2023-2, (Five) 5 Board meetings were convened and held 17.04.2023, 29.05.2023,28.07.2023, 08.11.2023 and 05.02.2024. The intervening gap between the meetings was within theperiod prescribed under the Companies Act, 2013 and the SEBI (Listing obligation And DisclosureRequirement) Regulations, 2015. The details of the Board meetings held during the year along with theattendance of the respective directors there at are set out in the Corporate Governance Report formingpart of this annual report.
21. CAPITAL STRUCTURE AND FINANCE:
The Paid-up Equity Share Capital as on 31st March, 2024 is Rs. 10,14,33,000/- (Rupees Ten crorefourteen lacs thirty three thousand only) divided into 1,01,43,300 (Rupees one crore one lacs fortythree thousand three hundred) Equity Shares of Rs. 10/- each. During the year under review, thecompany has not issued any shares with differential voting rights nor granted stock options nor sweatequity Shares as on 31st March, 2024. Further that there is no change in the share capital of thecompany during the year under review
22. SIGNIFICANT/MATERIAL ORDERS PASSED BY THE REGULATOR OR COURT ORTRIBUNALS
During the year Stock Exchange (BSE) imposed penalty of Rs. 5900/- (including GST) on thecompany due to non- compliance of regulation 23(9) of SEBI (LODR) Regulations, 2015
Furthermore, there were no significant/material orders passed by any regulator or court or tribunalwhich would Impact the going concern status of the company and its future operations.
23. INTERNAL AUDIT AND INTERNAL FINANCIAL CONTROL SYSTEM
The company has appointed an independent firm M/s Pallavi Jain & Company Chartered Accountants(FRN 020689C) for conducting the audit as per the internal audit standards and regulations. Theinternal auditor reports to the audit committee of the board. The audit function maintains itsindependence and objectivity while carrying out assignments. It evaluates on a continuous basis, theadequacy and effectiveness of internal control mechanism with interaction of KMP and functionalstaff. The company has taken stringent measures to control the quality of disbursement of loan and itsrecovery to prevent fraud.
24. SECRETERIAL AUDIT AND REPORT
Pursuant to the provisions of section 204 of the Companies Act, 2013 and the companies(Appointment and Remuneration of Managerial Personnel) Rules, 2014, the BOD of the company hadappointed M/s SMR & Associates Practicing Company Secretary, Indore to undertake the secretarialaudit of the company for the F.Y. 2023-24 in the meeting held on 29.05.2023. The secretarial auditreport for the F.Y. ended March 31, 2024 is annexed herewith as per Annexure - “F”. The said reportdoes not contain any material qualification, reservation or adverse remark.
But following observation made as under:
S.no
Particulars of Non- Compliances/ Observations
Remark/ Clarifications/Explanations by company
01.
However, The Company comply with the provisions of BSECircular No. 20220801-24 Dated 01-08-2022 required todigitally Sign on the announcement made to the StockExchange (BSE), as they have not digitally signed the somedocuments as mentioned in the Circular.
The Company comply with theprovisions of BSE Circular No.20220801-24 Dated 01-08-2022required to digitally Sign on theannouncement made to theStock Exchange (BSE).
02.
Statutory Auditor of the company reported that “As required byRule 11(g) of the Companies (Audit and Auditors) Rules, 2014,as amended, we report that the Company has maintained aninadequate audit trail as required by the Account Rules duringthe current financial year but has subsequently ratified the non¬compliance."
Company has complied theRule 11(g) of the Companies(Audit and Auditors) Rules,2014.
03.
During the review period Stock Exchange (BSE) imposed apenalty of Rs. 5900/- Inc. GST on the company due to Non¬Compliance of (Late filing of Related Party Transactions)Regulation 23(9) of SEBI (LODR) Regulations, 2015. And
Due to technical issue thecompany has late filed therelated party transactions.
25. APPOINTMENT OF THE STATUTORY AUDITORS AND EXPLANATIONS ORCOMMENTS ON QUALIFICATION, RESERVATION OR ADVERSE REMARK ORDISCLAIMER MADE BY THE STATUTORY AUDITORS IN THEIR REPORT:.
At the 31stAnnual General Meeting (AGM) held on 30th September, 2020, the members hadreappointed M/s Mahendra Badjatya & Co (ICAI Firm Registration Number 001457C) CharteredAccountants as statutory auditors of the company, by way of ordinary resolution u/s 139 of theCompanies Act, 2013 to hold office for a term of 5 Years from the conclusion of this AGM until theconclusion of the 36th AGM of the company.
The Company has obtained a confirmation letter regarding their eligibility and your board proposes forratification of their appointment for the year 2023-24.
The Report made by the Statutory Auditors of the Company on the Financial Statements of theCompany for the financial year ended 31st March 2024, read with the Explanatory Notes therein, areself-explanatory and, therefore, do not call for any further explanation or comments from the Boardunder section 134(3)(f) of the Companies Act, 2013.
Furthermore the Auditor Reported that "As required by Rule 11(g) of the Companies (Audit andAuditors) Rules, 2014, as amended, we report that the Company has not maintained an adequate audittrail as required by the Account Rules during the current financial year but has subsequently ratifiedthe non-compliance."
Pursuant to section 134(5) of the Companies Act, 2013, the Board of Directors, to the best of itsknowledge and ability, confirm that:
a) In the preparation of the annual accounts for the year ended March 31st,2024, the applicable accountingstandards read with requirements set out under Schedule III to the Act, have been followed and thereis no material departures from the same;
b) The directors had selected such accounting policies and applied them consistently and made judgmentsand estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of
the company at March 31st,2024 and of the profit and loss of the company for the year ended on thatdate;
c) The directors had taken proper and sufficient care for the maintenance of adequate accounting recordsin accordance with the provisions of this Act for safeguarding the assets of the company and forpreventing and detecting fraud and other irregularities;
d) The directors had prepared the annual accounts on a “going concern” basis;
e) The directors had laid down internal financial controls to be followed by the company and that suchinternal financial controls are adequate and were operating effectively; and
f) The directors had devised proper systems to ensure compliance with the provisions of all applicablelaws and that such systems are adequate and operating effectively.
27. CORPORATE GOVERNANCE & MANAGEMENT DISCUSSION AND ANALYSIS
Pursuant to Agreement with BSE, Regulation 34 read with Schedule V of SEBI (Listing Obligationsand Disclosure Requirements) Regulations, 2015 and Companies Act 2013, the corporate governancereport, management discussion and analysis and the auditor’s certificate regarding compliance ofconditions of corporate governance is enclosed herewith as per Annexure - G.
28. STATEMENT INDICATING THE MANNER IN WHICH FORMAL ANNUALEVALUATION HAS BEEN MADE BY THE BOARD OF ITS PERFORMANCE AND THATOF ITS COMMITTEES AND INDIVIDUAL DIRECTORS:
Pursuant to the provisions of the companies Act, 2013 and SEBI (Listing Obligations and DisclosureRequirements) Regulations 2015, an Annual Performance evaluation of the Board, the directorsindividually as well as the evaluation of the working of the board committees including auditcommittee and other committees of the board of directors of the company was carried out during theyear and is covered under the corporate governance report forming part of this annual report.
The Board carried out an annual performance evaluation of the Board, Committees, IndividualDirectors and the Chairperson. The Chairman of the respective Committees shared the report onevaluation with the respective committees' members. The performance of each committee wasevaluated by the Board, based on report on evaluation receive committees. The report on performanceevaluation of the Individuals Directors was reviewed by the Board and feedback was given toDirectors.
29. DEPOSITS
The Company is a non-deposit taking category - B, NBFC Company. The company does not have anypublic deposits within the meaning of Section 73 of the Companies Act, 2013. Further that thecompany has not accepted any deposit in contravention of the provisions of the Companies Act, 2013as well as RBI directions.
30. PARTICULARS OF EMPLOYEES:
The ratio of the remuneration of each director to the median employee's remuneration and other detailsin terms of u/s 197(12) of the Companies Act, 2013 read with Rule 5(1) of the. Companies(Appointment and Remuneration of Managerial Personnel) Rules, 2014, are forming part of this reportand is annexed as per Annexure D.
The Company is having only three employees on 31st March, 2024 and the particulars there of in termsof remuneration drawn as per rule 5(2) read with rule 5(3) of Companies (Appointment andremuneration of Managerial Personnel) Rules, 2014 as amended, is annexed with the report asAnnexure-D There are certain employees in the company, who were in the receipt of remuneration inthe F.Y. 2023-24 which in aggregate is in excess of that drawn by the whole-time director. Since theydo not hold any shares in the company, either by themselves or along with their spouse and dependentchildren, the disclosure under rule 5 of Companies (Appointment and remuneration of ManagerialPersonnel) Rule, 2014 is not required.
Further, there is no employee drawing remuneration of Rs. 8,50,000/- per month or 1,02,00,000/- peryear, therefore, the disclosure of particulars of employees as per reg. 197(12) of the Companies Act,2013 read with Rule 5(2) and Rule 5(3) of the Companies (Appointment and Remuneration ofManagerial Personnel) Rules, 2014, are not applicable to the Company.
Y our Company is in compliance with the Secretarial Standards specified by the Institute of CompanySecretaries of India.
Your Company is providing E-voting facility under section 108 of the Companies Act, 2013 read withRule 20 of the Companies (Management and Administration) Amendment Rules, 2015. The ensuingAGM will be conducted through Video Conferencing/OVAM, and no physical meeting will be held,and your company has made necessary arrangements with CDSL to provide facility for remote e-voting and e-voting at
The company has an adequate internal financial control backed by sufficient qualified staff, systemsoftware and special software's. The company has also an internal audit system by the external agency.
The company has duly constituted the following committee as per the provisions of Companies Act,2013 and SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.
a) Audit Committee as per section 177 of the Companies Act, 2013 and Regulation 18 of SEBI (ListingObligations & Disclosure Requirements) Regulations 2015.
b) Stakeholder Relationship Committee as per section 178 of the Companies Act, 2013 and Regulation20 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015.
c) Nomination and Remuneration Committee as per section 178 of the Companies Act, 2013 andRegulation 19 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015.
The details of the composition of the audit committee and other committees and their respective termsof reference are included in the corporate Governance report forming part of this annual report. TheAudit Committee and other Board Committees meet at regular intervals prescribed in the CompaniesAct, 2013, SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and any otherAct applicable, if any.
35. MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIALPOSITION OF THE COMPANY WHICH HAVE OCCURRED BETWEEN THE END OFTHE FINANCIAL YEAR OFTHE COMPANY TO WHICH THE FINANCIAL STATEMENTSRELATE AND THE DATE OFTHE REPORT:
There have been no material changes and commitments, affecting the financial position of theCompany which had occurred between the end of the financial year of the Company to which thefinancial statements relate and the date of the report.
The desired disclosure is enclosed herewith as per attached financial statements.
37. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXHANGEEARNING AND OUT GO
During the year under review the company has not taken any steps, towards conservation ofenergy. However, the company will take necessary steps towards conservation of energywhenever it feels necessary.
During the year under review the company has not taken any steps, towards technologyabsorption. However, the company will take necessary steps towards technology absorptionwhenever it feels necessary.
During the year foreign exchange and outgo of the Company as follows
Particulars
In USD
In Rs.
Foreign Currency Earning
Nil
Foreign Currency Outgo
The above foreign currency outgo was against import of goods & services and expenditureduring the year.
38. GENERAL DISCLOSURE:
Y our directors state that no disclosure or reporting is required in respect of the following items as therewere no transactions on these matters or were not applicable to the Company during the year underreview:
• Y our Company is not required to conduct the Cost Audit and is not required to maintain Cost Recordsas specified under section 148 of the Companies Act, 2013.
• Y our Company has not filed any application or there is no application or proceeding pending againstthe company under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year underreview.
• Your Company has neither announced any Corporate Action (buy back of securities, payment ofdividend declared, mergers and de-mergers, split and issue of any securities) nor failed to implement orcomplete the Corporate Action within prescribed timelines.
• There were no voting rights exercised by any employee of the Company pursuant to. the section 67(3)read with the Rule 16 of the Companies (Share Capital and Debenture) Rules, 2014.
• There was no instance of one-time settlement with any Bank or Financial Institution.
• There is no requirement to conduct the valuation by the bank and no value the time of one-timeSettlement during the period under review; •
• There were no revisions in the Financial Statement and Board's Report.
Following are the key features of ‘SWAYAM’. We would request you to publish the below text inAnnual Report of your Company to enable your shareholders take advantage of the same.
39. SWAYAM:
^SWAYAM’ is a secure, user-friendly web-based application, developed by “Link Intime India PvtLtd.”, our Registrar and Share Transfer Agents, that empowers shareholders to effortlessly access variousservices. We request you to get registered and have first-hand experience of the portal. This applicationcan be accessed at https://swavatTi.liiiicintime.cn.in Ý
* Effective Resolution of Service Request -Generate and Track Service Requests/Complaints throughSWAYAM.
* Features - A user-friendly GUI.
* Track Corporate Actions like Dividend/Interest/Bonus/split.
* PAN-based investments - Provides access to PAN linked accounts, Company wise holdings andsecurity valuations.
* Effortlessly raise request for Unpaid Amounts.
* Self-service portal — for securities held in DEMAT mode and physical securities, whose folios areKYC compliant
* Statements - View entire holdings and status of corporate benefits.
* Two-factor authentication (2FA) at Login - Enhances security for investors.
40. ACKNOWLEDGEMENT
The Board of Directors places its sincere gratitude for the assistance and co-operation received fromBanks, Customers and Shareholders. The Directors take the opportunity to express their sincereappreciation for the dedicated services of the Executives and staffs for their contribution to the overallperformance of the company.
By Order of the Board
Registered Office:
Anjani Finance Limited
CIN - L65910MP1989PLC032799 \ ' -----
The Agarwal Corporate House N.
5th Floor, 1, Sanjana Park (Mrs Kalpana Jain) (Sanjay Kumar Agarwal) _3
Adjoining Agarwal Public School Director Managing Director
Bicholi Mardana Road DIN: 02665393 DIN: 00023611
Indore-452011,
Madhya Pradesh, India
*
DATE: 12.08.2024PLACE: INDORE