To,
The Members,
Manoj JewellersLimited
The Board of Directors of the Company have great pleasure in presenting the 18th Boards'
Report of the Company together with Audited Financial Results for the year ended March 31,
2025. This report states compliance as per the requirements of the Companies Act, 2013
("the Act"), the Secretarial Standards, the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing
Regulations") and other rules and regulations as applicable to the Company.
1. FINANCIAL PERFORMANCE:
The highlight of the financial performance of the Company for the year ended March 31,
2025 is summarized as follows:
(Amount in lakhs)
| Particulars |
FY 2024-25 |
FY 2023-24 |
| Revenue from Operations |
5961.81 |
4335.11 |
| Other Income |
2.06 |
3.30 |
Total Income |
5963.87 |
4338.41 |
| Purchases of Stock in Trade |
5779.03 |
4544.02 |
| Changes in Inventories of finished Goods |
(860.30) |
(944.60) |
| Employee Benefit Expenses |
78.42 |
83.55 |
| Financial Cost |
184.63 |
109.57 |
| Depreciation and amortisation expenses |
21.04 |
6.26 |
| Other Expenses |
128.71 |
89.66 |
Total Expenses |
5,331.54 |
3,888.47 |
| Profit/(Loss) before Tax |
632.34 |
449.94 |
| Less: Exceptional items |
- |
(0.07) |
Profit/(Loss) before Tax |
632.34 |
449.87 |
| Provision for Taxation (Net) |
155.85 |
130.65 |
Profit/(Loss) after tax |
476.48 |
319.21 |
| Other Comprehensive income for the financial year |
- |
- |
Total Comprehensive income/(loss) for the financial year |
- |
- |
| Earnings per Equity Share ( ) - Face value of 10/- each |
7.96 |
5.33 |
2. BUSINESS AND FINANCIAL PERFORMANCE OVERVIEW: BUSINESS OVERVIEW
Our company Manoj Jewellers Limited is engaged in the retail and wholesale business of
Jewellery and ornaments made from gold and diamonds, embellished with precious and
semiprecious stones. Our extensive portfolio includes a wide range of items such as rings,
earrings, armlets, pendants, gajrahs, nose rings, bracelets, chains, necklaces, bangles,
and other wedding jewellery pieces. Our diverse collection caters to various tastes and
occasions, offering customers a selection of exquisite pieces to choose from. Manoj
Jewellers Limited aims to provide high-quality and beautifully crafted jewellery to meet
the needs and preferences of our clientele.
Our company's dedication is to maintain high-quality products through strict quality
control procedures, timely delivery, and competitive pricing. Our company also emphasizes
on offering a variety of regular designs and ensuring on-time delivery to our valued
customers. Additionally, we go to extra mile by getting our jewellery hallmarked by a BIS
recognized Assaying and Hallmarking Centre. BIS hallmark serves as a mark of conformity
widely accepted by consumers, providing them with added confidence in the purity of the
company's gold Jewellery. Overall, these practices demonstrate the company's commitment to
quality, customer satisfaction, and transparency in their operations
FINANCIAL PERFORMANCE OVERVIEW
During the year under review, the Company has earned total revenue of Rs. 5963.87 Lakhs
for the year ended March 31, 2025 as against Rs. 4338.41 Lakhs in the previous financial
year.
The Company has recorded a profit (PBT) of Rs. 632.34 Lakhs for the year ended March
31, 2025 as compared to Rs. 449.87 Lakhs in the previous financial year.
The Profit/ (Loss) after Tax (PAT) for the year ended March 31, 2025 stood at Rs.
476.48 Lakhs as compared to Rs. 319.21 Lakhs in the previous financial year.
3. DIVIDEND/ TRANSFER TO RESERVES:
The Board of directors of the company did not recommend any Dividend for the financial
year 2024-25.
In Financial year 2024-25 the reserve maintained with the Company is Rs. 854.57 lakhs
while in the year 2023-24 reserve was Rs. 378.09 Lakhs.
Your Company has not transferred the profits for year ended March 31, 2025 to Reserves
and Surplus.
4. MATERIAL CHANGES AND COMMITMENTS BETWEEN THE END OF THE FINANCIAL YEAR OF THE
COMPANY TO WHICH THE FINANCIAL STATEMENT RELATE AND THE DATE OF THIS REPORT:
The Company got its shares listed on SME platform of BSE Limited with "ISIN
INE0MV001018" & "BSE Scrip Code 544400" w.e.f. 12th
May, 2025 pursuant to Initial Public Offer (IPO).
5. DEPOSITS:
The Company has neither accepted nor renewed any deposits falling within the purview of
Section 73 of the Companies Act, 2013 read with Companies (Acceptance of Deposits) Rules
2014 as amended from time to time, during the year under review.
6. CHANGE IN THE NATURE OF BUSINESS:
There has been no change in the Business of the Company during the financial year ended
March 31, 2025.
7. CAPITAL STRUCTURE:
INITIAL PUBLIC OFFER
During the year under review, the Company had successfully come out with its maiden SME
– IPO (Initial Public Offering). The Public issue consisted of 30,00,000 Equity
Shares at price of Rs. 54/- (including a premium of Rs. 44/- Equity Shares) aggregating to
Rs. 1,620.00 Lakhs consisting fully of fresh issue of 30,00,000 Equity Shares aggregating
to Rs. 1,620.00 Lakhs which was opened for subscription on Monday, May 05, 2025 and closed
on Wednesday, May 07, 2025 for all the applicants. The Company received the overwhelming
response for the said IPO issue and said shares got listed on the SME platform of BSE
Limited on 12th May, 2025. After completion of IPO, the paid-up share capital
of the Company increased to Rs. 8,98,56,280/- The success of IPO reflects the trust,
faith, and confidence that customers, business partners and markets have reposed in your
Company.
AUTHORIZED SHARE CAPITAL
The Authorized Share Capital of the Company as on March 31, 2025 was Rs 10,00,00,000/-
(Rupees Ten Crore) divided into 1,00,00,000 shares of Rs 10/- each.
ISSUED AND PAID-UPCAPITAL
The paid-up Equity Share Capital as on March 31, 2025 was Rs. 8,98,56,280/- (Rupees
Eight Crore Ninety-Eight Lakhs Fifty-Six Thousand Two Hundred Eighty Only) divided into
89,85,628 Shares of Rs. 10/- each.
CHANGES IN SHARE CAPITAL
There is no change in share capital of Company during the financial year.
8. DISCLOSURES RELATING TO HOLDING, SUBSIDIARY, ASSOCIATE COMPANY AND JOINT
VENTURES:
As on March 31, 2025 the Company has no Holding, Subsidiaries, Associate Company, and
Joint Venture.
9. DIRECTORS & KEY MANAGERIAL PERSONNEL:
The composition of Board of Directors and Key Managerial Personnel (KMP) of the Company
as on March 31, 2025 were as follows:
| Sr. No |
Name of Director |
Designation |
Appointment/ Resignation/Change in Designation |
Date of Appointment/ Cessation/ Change in Designation |
| 1. |
Mr. Manoj Kumar |
Managing Director |
No Change |
16/07/2022 |
| 2. |
Mrs. Raj Kumari |
Whole-Time Director |
No Change |
16/07/2022 |
| 3. |
Mr. Sunil Shantilal |
Executive Director |
Change in Designation |
01/08/2024 |
| 4. |
Mr. Prasanchand Daga Prathik |
Independent Director |
No Change |
16/07/2022 |
| 5. |
Mr. Suganchand Ramesh Kumar |
Independent Director |
No Change |
16/07/2022 |
| 6. |
Mr. Ranjith Kumar Sharup |
Independent Director |
No Change |
11/05/2024 |
| 7. |
Mrs. Vaneeta Khanna |
Company Secretary |
No Change |
06/08/2022 |
| 8. |
Mr. Mayank Girishbhai |
Chief Financial |
No Change |
01/08/2024 |
|
Garach |
Officer |
|
|
10. STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTORS:
Pursuant to the provisions of sub-section (7) of Section 149 of the Companies Act,
2013, the Company has received individual declarations from all the Independent Directors
confirming that they fulfil the criteria of Independence as specified in Section 149(6) of
the Companies Act, 2013.
The Independent Director have complied with the Code of Conduct for Independent
Directors prescribed in Schedule IV of the Act. In view of the available time limit, those
Independent Director who are required to undertake the online proficiency self-assessment
test as contemplated under Rule 6(4) of the Companies (Appointment and Qualification of
Directors) Rules, 2014, had committed to perform the test within time limit stipulated
under the act however one Independent director yet to complete the online proficiency
self-assessment test as they have two years' time period for completion of the same and
company already ask them to complete online proficiency self-assessment test. The Company
has received declarations from all Independent Directors of the Company confirming that
they continue to meet the criteria of Independence as prescribed under Section 149 of the
Companies Act 2013.
11. BOARD AND COMMITTEE MEETING:
Number of Board Meetings
The Board of Directors met 19 times during the financial year ended March 31, 2025 on
25-04-2024, 03-05-2024, 11-05-2024, 13-05-2024, 17-05-2024, 29-06-2024, 10-07-2024,
01-08-2024, 11-08-2024, 28-08-2024, 26-09-2024, 08-11-2024, 28-11-2024, 02-12-2024,
24-12-2024, 08-02-2025, 04-03-2025, 24-03-2025, 25-03-2025 in accordance with the
provisions of the Companies Act, 2013 and rules made there under. The intervening gap
between two Board Meeting was within the period prescribed under the Companies Act, 2013
and as per Secretarial Standard-1. The prescribed quorum was presented for all the
Meetings and Directors of the Company actively participated in the meetings and
contributed valuable inputs on the matters brought before the Board of Directors from time
to time.
12. COMMITTEES OF THE BOARD:
The Company has three committees viz; Audit Committee, Nomination and Remuneration
Committee, Stakeholders Relationship Committee which has been established as a part of the
better Corporate Governance practices and is in compliance with the requirements of the
relevant provisions of applicable laws and statutes.
I. Audit Committee:
The Audit Committee of the Company is constituted under the provisions of Section 177
of the Companies Act, 2013.
Composition of the Committee:
Sr. No. |
Name |
Designation |
| 1. |
Mr. Prathik Prasanchand Daga |
Chairman |
| 2. |
Mr. Ramesh Kumar |
Member |
| 3. |
Mr. Ranjithkumar Sharup |
Member |
All the recommendation made by the Audit Committee in the financial year 2024-25 was
approved by the Board.
Meeting of Audit Committee and Relevant Quorum:
The Audit Committee shall meet at least four times in a year and not more than one
hundred and twenty days shall elapse between two meetings. The quorum for Audit Committee
meeting shall either be two members or one third of the members of the Audit Committee,
whichever is greater, with at least two Independent Directors.
The Chairman of the Committee must attend the Annual General Meetings of the Company to
provide clarifications on matters relating to the audit.
During the year under review, the Company held 6 (Six) Audit Committee meetings.
Company Secretary shall act as the secretary to the Audit Committee.
II. Nomination & Remuneration Committee:
The Nomination & Remuneration Committee of the Company is constituted under the
provisions of section 177 of the Companies Act, 2013.
Composition of the Committee:
Sr. No. |
Name |
Designation |
| 1. |
Mr. Prasanchand Prathik Daga |
Chairman |
| 2. |
Mr. Ranjith Kumar Sharup |
Member |
| 3. |
Mr. Suganchand Ramesh Kumar |
Member |
Meeting of Nomination and Remuneration Committee and Relevant Quorum:
The quorum necessary for a meeting of the Nomination and Remuneration Committee shall
be two members or one third of the members, whichever is greater. The Committee is
required to meet at least once a year.
During the year under review, the Company held 1 (one) Nomination and Remuneration
Committee meeting.
Company Secretary shall act as the secretary to the Nomination and Remuneration
Committee.
III. Stakeholder Relationship Committee
The Stakeholder Relationship Committee of the Company is constituted under the
provisions of section 177 of the Companies Act, 2013.
Composition of the Committee:
Sr. No. |
Name |
Designation |
| 1. |
Mr. Prathik Prasanchand Daga |
Chairman |
| 2. |
Mr. Ramesh Kumar |
Member |
| 3. |
Ms. Rajkumari M |
Member |
Meeting of Stakeholder's Relationship Committee and Relevant Quorum:
The Stakeholder's Relationship Committee shall meet once in a year. The quorum for a
meeting of the Stakeholder's Relationship Committee shall be two members present.
During the year under review, the Company held 1 (one) Stakeholders Relationship
Committee meeting.
Company Secretary shall act as the secretary to the Stakeholder's Relationship
Committee.
13. NOMINATION AND REMUNERATION POLICY:
The Company believes that building a diverse and inclusive culture is integral to its
success. A diverse Board, among others, will enhance the quality of decisions by utilizing
different skills, qualifications, professional experience and knowledge of the Board
members necessary for achieving sustainable and balanced development. In terms of SEBI
Listing Regulations and Act, the Company has in place Nomination & Remuneration
Policy.
The said policy of the Company, inter alia, provides that the Nomination and
Remuneration Committee shall formulate the criteria for appointment of Executive,
Non-Executive and Independent Directors on the Board of Directors of the Company and
persons in the Senior Management of the Company, their remuneration including
determination of qualifications, positive attributes, independence of directors and other
matters as provided under sub-section (3) of Section 178 of the Act (including any
statutory modification(s) or re- enactment(s) thereof for the time being in force). The
Policy also lays down broad guidelines for evaluation of performance of Board as a whole,
Committees of the Board, Individual Directors including the Chairperson and the
Independent Directors. The aforesaid Nomination and Remuneration Policy has been uploaded
on the website of your Company at www.manojjewellerslimited.com.
14. CORPORATE GOVERNANCE REPORT:
Since the Company is listed on SME platform of BSE Limited, the provisions of Corporate
Governance are not applicable on the Company.
15. FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS:
The Board members are provided with necessary documents/brochures, reports and internal
policies to enable them to familiarize with the Company's procedures and practices, the
website link is www.manojjewellerslimited.com.
16. ANNUAL EVALUATION:
Pursuant to the provisions of the Companies Act and the SEBI Listing Regulations, a
structured questionnaire was prepared for evaluating the performance of Board, its
Committees and Individual Director including Independent Directors. The questionnaires
were prepared after taking into consideration the various facets related to working of
Board, its Committee and roles and responsibilities of Director. The Board and the
Nomination and Remuneration Committee reviewed the performance of the Individual Directors
including Independent Directors on the basis of the criteria and framework adopted by the
Board. Further, the performance of Board as a whole and committees were evaluated by the
Board after seeking inputs from all the Directors on the basis of various criteria. The
Board of Directors expressed their satisfaction with the evaluation process. In a separate
meeting of Independent Directors, the performance of Non-Independent Directors,
performance of Board as a whole and performance of the Chairman was evaluated, taking into
account the views of the Executive Directors and Non-Executive Directors.
17. DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS
CORPORATE SOCIAL RESPONSIBILITY INITIATIVES:
CSR provides an opportunity to the Companies to effectively align its values and
strategy for the benefits of the society, by contributing to the social, economic and
environmental development of the society at large.
The provisions of Section 135 of the Companies Act, 2013 read with Companies (Corporate
Social Responsibility Policy) Rules, 2014 are applicable to the Company on the basis of
latest Audited financial Result as on 31st March, 2025, Hence the Company is required to
adopt the CSR Policy or constituteCSR Committee in the financial year 2025 -26.
Accordingly, the Board of Directors in their meeting held on Tuesday, August 12, 2025,
has constituted the Corporate Social Responsibility Committee of the Company as per the
above provisions of the Companies Act, 2013. The composition of Committee is as follow:
Sr. No. |
Name |
Designation |
| 1. |
Sunil Shantilal |
Chairman |
| 2. |
Manoj Kumar |
Member |
| 3. |
Suganchand Ramesh Kumar |
Member |
Further the Board of directors has also approved the CSR policy formulated in
accordance with the Act (as amended from time to time), guides the Company to serve the
society.
The CSR policy may be accessed under the Investor section on the website of the Company
at link www.manojjewellerslimited.com.
Since the Provisions of Section 135 of Companies Act, 2013 is applicable on the basis
of latest Audited financial Result as on 31st March, 2025, the Company will
comply with all the compliances and spent the required amount in CSR activities from F.Y.
2025-26. Further the Annual Report on CSR activities forming part of this Report is
attached as Annexure – D.
18. VIGIL MECHANISM FOR THE DIRECTORS AND EMPLOYEES:
The Company has established a vigil mechanism, through a Whistle Blower Policy, where
Directors and employees can voice their genuine concerns or grievances about any unethical
or unacceptable business practice. A whistle-blowing mechanism not only helps the Company
in detection of fraud, but is also used as a corporate governance tool leading to
prevention and deterrence of misconduct.
It provides direct access to the employees of the Company to approach the Compliance
Officer or the Chairman of the Audit Committee, where necessary. The Company ensures that
genuine Whistle Blowers are accorded complete protection from any kind of unfair treatment
or victimization. The
Whistle Blower Policy is disclosed on the website of the Company at
www.manojjewellerslimited.com.
19. RISK MANAGEMENT:
The Board of the Company has evaluated a risk management to monitor the risk management
plan for the Company. The Audit Committee has additional oversight in the area of
financial risk and controls. Major risks identified by the businesses and functions are
systematically addressed through mitigating actions on continuing basis.
20. PARTICULARS OF LOANS, GURANTEES OR INVESTMENTS UNDER SECTION 186:
The details of loans, guarantees or investments covered under Section 186 of the
Companies Act, 2013 are given in the Note to the Financial Statements.
21. MATERIAL ORDERS OF JUDICIAL BODIES/REGULATORS:
No order, whether significant and/or material has been passed by any regulators,
courts, tribunals impacting the going concern status and Company's operations in future.
22. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES
UNDER SECTION 188 OF THE ACT:
All related party transactions that were entered into during the Period under review,
were on arm's length basis and in the ordinary course of business. No materially
significant related party transactions which required the approval of members, were
entered into by the Company during the Period under review. Further, all related party
transactions entered into by the Company are placed before the Audit Committee for its
approval.
The particulars of the contracts or arrangements entered into by the Company with
related parties as referred to in Section 134(3)(h) read with section 188(1) of the Act
and rules framed thereunder, in the Form No. AOC-2 are annexed and marked as Annexure-A.
23. AUDITORS:
STATUTORY AUDITORS
M/s. Mardia & Associates, Chartered Accountant (Firm Registration No. 007888S) were
appointed as the statutory auditors of the Company at the 17th Annual General
Meeting of the Company for a term of five consecutive years i.e., from F.Y. 2024-25 to
2028-29, who shall hold office from the conclusion of 17th Annual General
Meeting till the conclusion of the 22nd Annual General Meeting to be held in
the year 2029, in terms of provisions of Section 139 of the Act.
Further the Statutory Auditors have submitted their Report on the Financial Statements
for the financial year ended March 31, 2025, which forms part of this Report. Also, there
are no qualifications, reservations or adverse remarks made by the M/s. Mardia &
Associates, & Associates. Statutory Auditor of the Company in their Audit Report for
the year under review.
SECRETARIAL AUDITORS
Since, the Company got Listed on the SME Platform of BSE Limited w.e.f. 12th
May, 2025, the requirement for Appointment of Secretarial Auditor and also the Secretarial
Audit is not applicable on the Company for the Financial Year 2024-25.
INTERNAL AUDITORS
Since, the Company got Listed on the SME Platform of BSE Limited w.e.f. 12th May, 2025,
the requirement for Internal Audit is not applicable on the Company for the Financial Year
2024-25. Further the Company has appointed M/s. Arham Professional Service, Consultancy
Firm, as an Internal Auditor of the Company for F.Y. 2025-26 in the Board meeting held on
02nd June, 2025.
AUDITOR'S REPORT AND SECRETARIAL AUDIT REPORT
Statutory Auditor's Report: There are no qualifications, reservations or adverse
remarks made by Statutory Auditors in the Auditor's report. The Statutory Auditors have
not reported any incident of fraud to the Audit Committee of the Company under subsection
(12) of Section 143 of the Companies Act, 2013, during the year under review.
The notes on accounts referred to the Auditors' Report are self-explanatory and
therefore, do not call for any further explanation.
Secretarial Auditor's Report: During the year under review, Secretarial audit was
not applicable. (Since the Company got Listed on SME Platform of BSE Limited w.e.f. 12thMay
, 2025).
24. EXTRACTS OF ANNUAL RETURN:
In accordance with Section 92(3) and Section 134(3)(a) of the Companies Act, 2013 read
with Companies (Management and Administration) Rules, 2014, the Annual Return as on March
31, 2025 is available on the Company's website www.manojjewellerslimited.com.
25. MANAGEMENT DISCUSSION & ANALYSIS REPORTS:
A detailed report on Management Discussion and Analysis (MDA) Report is included in
this Report as Annexure - B.
26. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNINGS AND OUTGO:
The provisions of Section 134(3)(m) of the Companies Act, 2013 regarding the
conservation of energy, technology absorption, foreign exchange earnings and outgo are not
applicable to the Company considering the nature of activities undertaken by the Company
during the year under review.
27. STATEMENT PURSUANT TO SECTION 197(12) OF THE COMPANIES ACT, 2013 READ
WITH RULE 5 OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL)
RULES, 2014:
Disclosures pertaining to remuneration and other details as required under Section
197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 is provided in this Report as Annexure-C which
forms part of this Report.
28. HUMAN RESOURCES:
The relations with the employees and associates continued to remain cordial throughout
the year. The Directors of your Company wish to place on record their appreciation for the
excellent team spirit and dedication displayed by the employees of the Company.
29. NON-APPLICABILITYOF THE INDIAN ACCOUNTING STANDARDS:
As per provision to regulation Rule 4(1) of the Companies (Indian Accounting Standards)
Rules, 2015 notified vide Notification No. G.S.R 111 (E) on 16th February,
2015, Companies whose shares are listed on SME Platform of BSE Limited as referred to in
Chapter XB of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, are
exempted from the compulsory requirements of adoption of IND-AS w.e.f. 01st
April, 2017.
30. DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE
(PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013:
The Company is committed to provide a safe and conducive work environment to its
employees. There exist at the group level an Internal Complaints Committee (‘ICC')
constituted under The Sexual Harassment of Women at Workplace (Prevention, Prohibition and
Redressal) Act, 2013. The group is strongly opposed to sexual harassment and employees are
made aware about the consequences of such acts and about the constitution of ICC. During
the year under review, no complaints were filed with the Committee under the provisions of
the said Act in relation to the workplace/s of the Company.
31. COMPLIANCE WITH SECRETARIAL STANDARDS ON BOARD AND ANNUAL
GENERAL MEETINGS:
The Company has complied with Secretarial Standards issued by the Institute of Company
Secretaries of India on Board meetings and Annual General Meetings.
The Directors have devised proper systems to ensure compliance with the provisions of
all applicable Secretarial Standards and that such systems are adequate and operating
effectively.
32. MAINTENANCE OF COST RECORD:
The provisions relating to maintenance of cost records as specified by the Central
Government under sub section (1) of section 148 of the Companies Act, 2013, were not
applicable to the Company upto March 31, 2025 and accordingly such accounts and records
were not required to be maintained.
33. ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO
FINANCIAL STATEMENTS:
The Company has in place adequate Internal Financial Controls with reference to
financial statements. During the year under review, such controls were tested and no
reportable material weakness in the design or operation was observed.
34. GREEN INITIATIVES:
In compliance with Regulation 36 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 Notice of the AGM along with the Annual Report 2024-25 is
being sent only through electronic mode to those Members whose email addresses are
registered with the Company/ Depositories. Members may note that the Notice and Annual
Report 2024-25 will also be available on the Company's website at
www.manojjewellerslimited.com.
35. INSOLVENCY AND BANKRUPTCY CODE 2016:
No application or proceeding was initiated in respect of the Company in terms of
Insolvency and Bankruptcy Code 2016.
36. THE DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT
THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOANS FROM BANKS OR
FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF:
During the year under review, there were no transactions or events with respect to the
one-time settlement with any bank or financial institution; hence no disclosure or
reporting is required.
37. DIRECTORS' RESPONSIBILITY STATEMENT:
Pursuant to Section 134 of the Companies Act, 2013 (‘the Act'), with respect to
Directors Responsibility Statement it is hereby confirmed:
a) The Financial Statements of the Company - comprising of the Balance Sheet as at
March 31, 2025 and the Statement of Profit & Loss for the year ended as on that date,
have been prepared on a going concern basis following applicable accounting standards and
that no material departures have been made from the same;
b) Accounting policies selected were applied consistently and the judgements and
estimates related to these financial statements have been made on a prudent and reasonable
basis, so as to give a true and fair view of the state of affairs of the Company as at
March 31, 2025, and, of the profits and loss of the Company for the year ended on that
date;
c) Proper and sufficient care has been taken for maintenance of adequate accounting
records in accordance with the provisions of the Companies Act, 2013, to safeguard the
assets of the Company and to prevent and detect fraud and other irregularities;
d) Requisite Internal Financial Controls to be followed by the Company were laid down
and that such internal financial controls are adequate and operating effectively; and e)
Proper systems have been devised to ensure compliance with the provisions of all
applicable laws and such systems are adequate and operating effectively.
38. ACKNOWLEDGEMENTS:
Your Directors place on record their sincere thanks to bankers, business associates,
consultants, and various Government Authorities for their continued support extended to
your Companies activities during the year under review. Your Directors also acknowledges
gratefully the shareholders for their support and confidence reposed on your Company.
For and on Behalf of the Board |
|
Manoj Jewellers Limited |
|
Sd/- |
Sd/- |
Manoj Kumar |
Raj Kumari |
Managing Director |
Whole-Time Director |
DIN: 01730747 |
DIN: 09607998 |
Place: Chennai |
|
Date: 12th August, 2025 |
|
|