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<dhhead>DIRECTOR’S REPORT</dhhead>
To
The Members of
ARHAM TECHNOLOGIES LIMITED (Erstwhile “Arham Technologies Private
Limited”)
Your directors have pleasure in presenting their 11th Annual
Report and the Company’s Audited Financial Statements for the financial year ended on
31st March, 2024.
1. FINANCIAL RESULTS OF THE COMPANY:
The Company’s financial performance for the year ended 31st
March 2024 is summarized below:
(Amount in Rs. Lakhs)
Particulars |
Year Ended 31.03.2024 |
Year Ended 31.03.2023 |
Revenue From Operation |
5,468.98 |
4,844.32 |
Other Income |
54.23 |
23.14 |
Total Income |
5,523.21 |
4,867.46 |
Profit Before Interest and
Depreciation |
903.70 |
637.66 |
Less: - Finance Cost |
159.95 |
139.75 |
Less: - Depreciation |
77.41 |
27.29 |
Profit Before Exceptional Item
and Tax |
666.34 |
470.62 |
Exceptional Item |
- |
- |
Profit Before Tax |
666.34 |
470.62 |
Less: - Provision for Tax
Current Tax |
170.89 |
123.76 |
Current tax expense relating
to prior years |
- |
(10.56) |
Deferred Tax Assets/Liability |
8.97 |
2.32 |
Net Profit After Tax |
486.48 |
355.10 |
Proposed Dividend on Equity
Shares |
- |
- |
Tax on proposed Dividend |
- |
- |
Transfer to General Reserve |
486.48 |
355.10 |
Surplus carried to Balance
Sheet |
486.48 |
355.10 |
Earnings per equity share
Basic |
5.75 |
5.19 |
Diluted |
5.75 |
5.19 |
2. STATE OF COMPANY’S AFFAIRS, RESULT OF OPERATION AND FUTURE
OUTLOOK: STATE OF COMPANY’S AFFAIRS:
Arham Technologies Limited is engaged in manufacturing of LED Smart
Televisions, with different screen sizes under our brand ‘STARSHINE’.
Your Company also manufacture Fans, Air Coolers and Mixer Grinders through third party
manufacturers under our brand ‘STARSHINE’. We have network of dealers and
distributors across Chhattisgarh, Madhya Pradesh, Odisha, Vidarbha, Andhra Pradesh and
parts of Uttar Pradesh.
In this financial year, the company has launched Google TVs under our
brand, Starshine. These state- of-the-art Smart Televisions integrate Google TV, offering
curated recommendations, Google Assistant for voice commands, access to over 10,000 apps,
and personalized entertainment options.
Also, the company has entered into manufacturing of Commercial
Production of Ceiling Fans and Solar BLDC Fans with remote control and also launched 4 k
Smart Television with screen sizes 75" and 85".
RESULT OF OPERATION:
During the year under review, your Company’s Gross Revenue is INR
5523.21 Lakhs. Gross profit before interest expenses, depreciation and tax amounted to INR
903.70 Lakhs. The Net Profit of Company after tax stood at INR 486.48 Lakhs.
FUTURE OUTLOOK:
Your Company’s future costs and revenues will be determined by
demand/supply situation, Government Policies and Taxation and Currency fluctuations. The
initiative taken by the company has started showing good results. The Company is confident
of improved performance during the current year.
Your Company has planned to add other products in our portfolio by way
of white labelling, to be a part of bigger portfolio of products. Your Company has planned
to keep our focus on sales of Smart Televisions by making schemes and offers centric to
Televisions and also setting up a manufacturing facility for Fans at our existing
locations which shall give better margin and control in supply chain.
Your Company has also launched our “D2C” website
www.starshine.co.in for our products which will increase our sales, profits, brand value
and also to provide direct benefit to the end users and are also listing our products on
e-commerce platform i.e., Amazon and Flipkart, etc.
3. CHANGE IN NATURE OF BUSINESS, IF ANY:
There is no change in the nature of the business of the Company during
current financial year.
4. CONSOLIDATED FINANCIAL STATEMENT:
During the year under review the company has Incorporated a Wholly
Owned Subsidiary Company dated on 19th January, 2024 named “Arham
Corporate Private Limited”. Accordingly, the company has prepared consolidated
financial statements of the Company and its subsidiaries for FY 2023-24 have been prepared
in compliance with the applicable provisions of the Companies Act, 2013 ('the Act') and as
stipulated under Regulation 33 of SEBI Listing Regulations as well as in accordance with
the Indian Accounting Standards notified under the Companies (Indian Accounting Standards)
Rules, 2015. The audited consolidated financial statements together with the Independent
Auditor’s Report thereon form part of this Annual Report.
Pursuant to Section 129(3) of the Act, a statement containing the
salient features of the Financial Statement of the subsidiary companies is attached to the
Financial Statement in Form AOC-1 attached as per annexure-I.
Further, pursuant to the provisions of Section 136 of the Act, the
Company will make available the said financial statement of the subsidiary companies upon
a request by any Member of the Company or its subsidiary company. These financial
statements of the Company and the subsidiary companies will also be kept open for
inspection by any member. The members can send an e-mail to support@arhamtechnologies.co.in
upto the date of the AGM and the same would also be available on the Company’s
website URL: https://www. https://www.arhamtechnologies.co.in/annual-report
5. DIVIDEND:
In view of the prevailing business scenario, there is need to conserve
funds for the Company. The Board of Directors, therefore, does not recommend any Dividend
for the financial year ended 31st March, 2024.
6. TRANSFER TO RESERVES IN TERMS OF SECTION 134 (3) (J) OF THE
COMPANIES ACT, 2013:
The company has transferred INR 486.48 Lakhs to the General Reserves
during the current financial year.
7. MATERIAL CHANGES AND COMMITMENTS, IF ANY,, AFFECTING THE
FINANCIAL POSITION OF THE COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH
THESE FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT:
There are no material changes and commitment affecting the financial
position of the Company which has occurred between the end of the financial year of the
Company to which the financial statements relate and the date of the report.
8. INFORMATION ABOUT SUBSIDIARY/ JOINT VENTURE / ASSOCIATE COMPANY
AND DETAILS OF COMPANIES WHICH HAVE BECOME OR CEASED TO BE ITS SUBSIDIARIES. JOINT
VENTURES OR ASSOCIATE COMPANIES DURING THE YEAR ALONG WITH REASONS THEREFORE:
The company does not have any joint venture or associate
Company. During the year under review the company has Incorporated a Wholly Owned
Subsidiary Company dated on 19th January, 2024 named “Arham Corporate
Private Limited”. Accordingly, the company has prepared consolidated financial
statements of the Company and its subsidiaries for FY 2023-24 have been prepared in
compliance with the applicable provisions of the Companies Act, 2013 ('the Act') and as
stipulated under Regulation 33 of SEBI Listing Regulations as well as in accordance with
the Indian Accounting Standards notified under the Companies (Indian Accounting Standards)
Rules, 2015. The audited consolidated financial statements together with the Independent
Auditor’s Report thereon form part of this Annual Report.
Pursuant to Section 129(3) of the Act, a statement containing the
salient features of the Financial Statement of the subsidiary companies is attached to the
Financial Statement in Form AOC-1 attached as per annexure-I.
Further, pursuant to the provisions of Section 136 of the Act, the
Company will make available the said financial statement of the subsidiary companies upon
a request by any Member of the Company or its subsidiary company. These financial
statements of the Company and the subsidiary companies will also be kept open for
inspection by any member. The members can send an e-mail to support@arhamtechnologies.co.in
upto the date of the AGM and the same would also be available on the Company’s
website URL: https://www. https://www.arhamtechnologies.co.in/annual-report
9. TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND
PROTECTION FUND:
The provisions of Section 125(2) of the Companies Act, 2013 do not
apply as there was no dividend declared and paid during the year.
10. MEETINGS OF THE BOARD OF DIRECTORS:
NUMBER OF MEETING OF THE BOARD:
During the financial year ended 31st March 2024, your
directors held 9 (Nine) meetings. The dates of Board Meetings are: -
Sr. No. |
Date of meeting |
Total No. of Directors
on the Date of Meeting |
No. of Directors
attended |
% of Attendance |
1 |
10.04.2023 |
6 |
6 |
100 |
2 |
25.05.2023 |
6 |
6 |
100 |
3 |
12.08.2023 |
6 |
6 |
100 |
4 |
24.08.2023 |
6 |
6 |
100 |
5 |
06.11.2023 |
6 |
6 |
100 |
6 |
10.11.2023 |
6 |
6 |
100 |
7 |
18.12.2023 |
6 |
6 |
100 |
8 |
27.12.2023 |
6 |
6 |
100 |
9 |
14.03.2024 |
6 |
6 |
100 |
11. AUDITOR’SREPORT:
There are no qualifications or observation or adverse remarks in the
Auditors’ Report which require any clarification/ explanation. Moreover, notes on
financial statements are self-explanatory and needs no further explanation. Hence Board of
Director are not required to give any comment under section 134 (3) (f) of Companies Act,
2013.
12. AUDITORS
A. Statutory Auditors:
M/s MRCA & Associates, Chartered Accountants (FRN: 012690C),
Chartered Accountants were appointed as the Statutory Auditors of the Company for a tenure
of 5 years commencing from the conclusion of the 10th AGM of the Company until
the conclusion of the 15 th AGM of the Company to be held in the year 2027.
B. Secretarial Auditors:
During the year, the Company has appointed M/s Abhishek Jain &
Associates Practicing Company Secretaries, a Peer Reviewed Firm, as a Secretarial Auditor
pursuant to Section 204 of the Companies Act, 2013 and Rule 9 of Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014 for conducting secretarial audit of
the company for the financial year 2023-24.The Secretarial Audit Report as required under
section 204 of the Companies Act, 2013 and Rule 9 of Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 in the Form MR-3 is annexed
herewith for your kind perusal and information as Annexure-III.
C. Cost Auditor:
Appointment of Cost Auditor pursuant to provisions of Section 148 of
the Companies Act, 2013 is not applicable to the Company.
D. Internal Auditor:
During the year, the Company has appointed M/s Agrawal Bafna &
Associates, Chartered Accountants (FRN: 027234C), Durg, Chhattisgarh, as an Internal
Auditor pursuant to Section 138 of the Companies Act, 2013 to ensure the routine internal
audits and controls.
11. DETAILS OF DIRECTORS OR KEY MANAGERIAL PERSONNEL DURING THE
FINANCIAL YEAR ENDED 31.03.2024.
The Directors and KMP as on 31st March 2024 are as follows:
Sr. No. |
Name |
DIN |
Designation |
Date of Appointment |
1. |
Mr. Ankit Jain |
AIGPJ7531B |
Chief Financial Officer |
02/06/2022 |
2. |
Mr. Ankit Jain |
06381280 |
Director |
27/12/2013 |
3. |
Mr. Anekant Jain |
06732591 |
Director |
27/12/2013 |
4. |
Mr. Anekant Jain |
AVGPJ0208C |
Chief Executive Officer |
02/06/2022 |
5. |
Mr. Manish Kumar Agrawal |
09781023 |
Independent Director |
01/06/2023 |
6. |
Mr. Saurabh Agrawal |
07472972 |
Independent Director |
25/06/2022 |
7. |
Mr. Roshan Jain |
06381291 |
Managing Director |
25/06/2022 |
8. |
Mrs. Rukmani Jain |
06381287 |
Non-Executive Woman Director |
25/06/2022 |
9. |
Mrs. Pooja Avinash Gandhewar |
AORPT2638G |
Whole Time Company Secretary |
05/08/2022 |
During the Financial Year the following appointment and resignation of
Directors and Key Managerial Personnel occurred:
Sr. No. |
Name |
DIN |
Designation |
Date |
Nature of Change |
1. |
Mr. Manish Agrawal |
09781023 |
Independent Director |
01/06/2023 |
Appointment |
2. |
Mr. Gaurav Agrawal |
07472972 |
Independent Director |
31/05/2023 |
Resignation |
12. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL AND THEIR
SHAREHOLDING:
A. Remuneration Of Directors
Name |
Ankit Jain |
Anekant Jain |
Roshan Jain |
Designation |
Executive Director |
Executive Director |
Managing Director |
Shareholding |
|
|
|
Number of Shares |
1749000 |
1134000 |
1962000 |
Remuneration |
|
|
|
Basic & D. A |
9,12,000 |
9,12,000 |
9,12,000 |
Special Allowance |
- |
- |
- |
HR. A |
- |
- |
- |
Transportation |
- |
- |
- |
Washing Allowance |
- |
- |
- |
Commission |
- |
- |
- |
LTA |
- |
- |
- |
Medical |
- |
- |
- |
Total |
9,12,000 |
9,12,000 |
9,12,000 |
B. Remuneration Of Key Managerial Personnel
Name |
Pooja Avinash Gandhewar |
Designation |
Company Secretary cum
Compliance officer |
Salary |
2,64,000 |
13. PARTICULARS OF EMPLOYEES
Disclosure pertaining to remuneration and other details as required
under Section 197 (12) of the Companies Act, 2013 read with rule 5 (1) of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules 2014, are given in the Annexure-IV
forming part of this report.
14. DISCLOSURES PURSUANT TO SECTION 197 (14) OF THE COMPANIES ACT,
2013:
No Managing Director or Whole-Time Director of the Company was in
receipt of any remuneration or commission from the Company's Holding or Subsidiary
companies during the financial year.
15. LOANS, GUARANTEES AND INVESTMENTS: -
As per Section 186 of the Act, the details of Investments made during
FY 2023-24 are given below:
(“in lakhs”)
Name of Companies |
Nature of Transactions |
Investments |
Arham Corporate Private Limited |
Equity Investment |
10.00 |
During the financial year 2023-24, the Company did not provide
any loans or guarantees to its subsidiaries, joint ventures, associate companies, other
corporate entities, or individuals.
16. DEPOSITS:
The Company has not accepted/ renewed any deposits for the year ended
31st March, 2024.
17. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN
EXCHANGE EARNINGS AND OUTGO:
The information on conservation of energy, technology absorption and
foreign exchange earnings and outgo stipulated under Section 134 (3) (m) of the Companies
Act, 2013 read with Rule, 8 of The Companies (Accounts) Rules, 2014, is annexed herewith
as “ANNEXURE V”.
18. DISCLOSURE UNDER SEXUAL HARRASSMENT OF WOMEN AT WORK PLACE
(PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013:
The Company has zero tolerance for sexual harassment at workplace. It
has adopted the policy on prevention, prohibition and redressal of sexual harassment at
workplace in line with the provision of sexual harassment of woman at workplace
(prevention, prohibition and redressal) Act, 2013 and the rules thereunder for prevention
and redressal of complaints of sexual harassment at work place.
The Company has not received any complaint regarding sexual
harassment during the Financial Year 2023-24.
19. CORPORATE SOCIAL RESPONSIBILITY:
The Company is not required to constitute a Corporate Social
Responsibility Committee as it does not fall within purview of Section 135 (1) of the
Companies Act, 2013 and hence it is not required to formulate the policy on
corporate social responsibility.
20. DIRECTORS’ RESPONSIBILITY STATEMENT:
Pursuant to the requirement under section 134 (3) (c) of the Companies
Act, 2013 with respect to Directors’ Responsibility Statement, it is hereby confirmed
that:
a) in the preparation of the annual accounts for the financial year
ended 31st March, 2024, the applicable accounting standards read with
requirement set out under Schedule III of the Companies Act, 2013 had been followed and
there is no material departure from the same;
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 as at the end of the
financial year 31st March, 2024 and of the profit 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 devised proper systems to ensure compliance with
the provisions of all applicable laws and that such systems were adequate and operating
effectively.
21. DECLARATION BY INDEPENDENT DIRECTORS:
The Company has received necessary declaration from each independent
director under Section 149 (7) of the Companies Act, 2013, that he/she meets the criteria
of independence laid down in Section 149 (6) of the Companies Act, 2013 and Regulation 16
(1) (b) and 25 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
22. AUDIT COMMITTEE: - {Section 177 (8)}
The Audit Committee had duly formed in line with the provisions of
Section 177 (8) of the Companies Act, 2013. The details of the Committee are available on
the website of the Company at https://arhamtechnologies.co.in/investor-relation/ and it
comprises of following persons;
1. Mr. Saurabh Agrawal |
- Chairman |
2. Mr. Manish Agrawal |
- Member |
3. Mrs. Ankit Jain |
- Member |
Note: During the year under review, the composition of the Audit
Committee of the company was
changed.
Sr. No. |
Date of meeting |
Total No. of Members on
the Date of Meeting |
No. of Members attended |
% of Attendance |
1. |
25/05/2023 |
3 |
3 |
100% |
2. |
24/08/2023 |
3 |
3 |
100% |
3. |
10/11/2023 |
3 |
3 |
100% |
4. |
26/02/2024 |
3 |
3 |
100% |
23. COMPANY’S POLICY ON DIRECTORS’ APPOINTMENT AND
REMUNERATION INCLUDING CRITERIA FOR DETERMINING QUALIFICATIONS, POSITIVE ATTRIBUTES,
INDEPENDENCE OF A DIRECTOR AND OTHER MATTERS PROVIDED UNDER SUBSECTION (3) OF SECTION 178:
The Nomination and Remuneration committee had duly formed in line with
the provisions of Section 178 of the Companies Act, 2013. The details of the Committee are
available on the website of the Company at
https://arhamtechnologies.co.in/investor-relation/ and it comprises of following persons;
1. Mr. Manish Agrawal |
- Chairman |
2. Mr. Saurabh Agrawal |
- Member |
3. Mrs. Rukmani Jain |
- Member |
Note: During the year under review, the composition of the
Nomination and Remuneration Committee of the company was changed.
Sr. No. |
Date of meeting |
Total No. of Members on
the Date of Meeting |
No. of Members attended |
% of Attendance |
1. |
25/05/2023 |
3 |
3 |
100% |
24. STAKEHOLDER RELATIONSHIP COMMITTEE: - {Section 178}
The Stakeholder Relationship Committee had duly formed in line with the
provisions of Section 178 of the Companies Act, 2013. The details of the Committee are
available on the website of the Company at
https://arhamtechnologies.co.in/investor-relation/ and it comprises of following persons;
1. Mr. Manish Agrawal - Chairman
2. Mr. Ankit Jain - Member
3. Mrs. Rukmani Jain - Member
Sr. No. |
Date of meeting |
Total No. of Members on
the Date of Meeting |
No. of Members attended |
% of Attendance |
1. |
25/05/2023 |
3 |
3 |
100% |
25. SIGNIFICANT AND MA TERIAL ORDERS PASSED BY THE REGULA TORS OR
COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY’S OPERA TIONS IN
FUTURE:
During the year under review there has been no such significant and
material orders passed by the regulators or courts or tribunals impacting the going
concern status and company’s operations in future.
A. Buy Back of Securities
The Company has not bought back any of its securities during the
year under review.
B. Sweat Equity
The Company has not issued any Sweat Equity Shares during the
year under review.
C. Bonus Shares
Note: - During the year under review, the Board approved the
issuance of bonus shares. At a meeting held on March 14, 2024, the Board of
Directors approved the proposal to issue 8,460,000 bonus shares to Existing equity
shareholders at a 1:1 ratio. This decision was subsequently approved by the members
at the Extra-ordinary General Meeting on April 12, 2024.
D. Employees Stock Option Plan
The Company has not provided any Stock Option Scheme to the employees.
26. FORMAL ANNUAL EVALUATION:
Your Board has devised an Evaluation Policy for evaluating the
performance of the Board, its Committees, Executive Directors, and Independent Directors.
Based on the same, the performance was evaluated for the financial year ended March 31,
2024. As part of the evaluation process, the performance of Non- Independent Directors,
the Chairman and the Board was conducted by the Independent Directors.
The performance evaluation of the respective Committees and that of
Independent and NonIndependent Directors was done by the Board excluding the Director
being evaluated.
The policy inter alia provides the criteria for performance evaluation
such as Board effectiveness, quality of discussion, contribution at the meetings, business
acumen, strategic thinking, time commitment, and relationship with the stakeholders,
corporate governance practices, contribution of the committees to the Board in discharging
its functions etc.
27. RELATED PARTY TRANSACTIONS:
The particulars of every contract or arrangements entered into by the
Company with related parties referred to in sub-section (1) of section 188 of the
Companies Act, 2013 are disclosed in Form No. AOC-2 as Annexure-II.
28. INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:
The Company has adequate and efficient internal and external control
system, which provides protection to all its assets against loss from unauthorized use and
ensures correct reporting of transactions.
The internal control systems are further supplemented by internal
audits carried out by the respective Internal Auditors of the Company and Periodical
review by the management. The Company has put in place proper controls, which are reviewed
at regular intervals to ensure that transactions are properly authorized, correctly
reported and assets are safeguarded.
29. RISK MANAGEMENT:
Your Board has adopted a well-defined process for managing its risks on
an ongoing basis and for conducting the business in a risk conscious manner. The Company
has a structured and comprehensive Risk Management Frame work under which the risks are
identified, assessed, trace, monitored and reported as a part of normal business practice.
The Risk Management System is fully aligned with the corporate and operational objectives.
There is no element of risk which in the opinion of the Board may threaten the existence
of the Company.
30. MAINTENANCE OF COST RECORDS:
Maintenance of cost records as specified by the Central Government
under sub-section (1) of Section 148 of the Companies Act, 2013, has been made and
maintained by the Company.
31. VIGIL MECHANISM/WHISTLE BLOWER POLICY
In order to ensure that the activities of the Company and its employees
are conducted in a fair and transparent manner by adoption of highest standard of
professionalism, honesty, integrity and ethical behavior, the Company has adopted a vigil
mechanism policy. The mechanism of whistle blower policy is in place.
32. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
In terms of the provisions of Regulation 34 and schedule V of the SEBI
(Listing Obligation and Disclosure Requirements) Regulations, 2015 the Management’s
discussion and analysis report is annexed in Annexure-VI.
33. WEBSITE:
The Company is maintaining its functional website and the website
contains basic as well as investor’s related information. The link of website is
https://arhamtechnologies.co.in/
34. CORPORATE GOVERNANCE:
As a good corporate governance practice the Company has generally
complied with the corporate governance requirements. Our disclosures seek to attain the
best practices in corporate governance. We also endeavor to enhance long-term shareholder
value and respect minority rights in all our business decisions.
As our company has been listed on EMERGE Platform (SME) of NSE Limited,
therefore by virtue of Regulation 15 of the SEBI (Listing Obligation and Disclosure
Requirements) Regulations, 2015 the compliance with the corporate Governance provisions as
specified in regulation 17 to 27 and Clause
(b) to (i) of sub regulation (2) of Regulation 46 and Para C D and E of
schedule V are not applicable to the company. Hence, corporate governance report does not
form a part of this Board Report, though we are committed towards best corporate
governance practices.
35. DETAILED REASON OR REPORT ON REVISION OF FINANCIAL STATEMENTS:
There is no revision of financial statement. Hence, it is not
applicable to your company.
36. GENERAL MEETING:
The Directors state that the applicable secretarial standard i.e. SS-2,
relating to ‘General Meeting’, has been duly followed by the Company
Details of the General Meetings of the Company held during the
financial year along with summary of Resolutions passed thereat, as more particularly set
out in the respective notices of such General Meetings, as passed by the Members, are as
follows:
AGM /EGM |
Day, Date, Time and Venue |
Particulars of Resolution |
Extra Ordinary General Meeting |
Saturday, 25th January, 2024 at
12:30 p.m. at Plot No. 15, Electronic Manufacturing Cluster, Sector 22, Village Tuta, Atal
Nagar, Nava Raipur Chhattisgarh, 492015 India |
1. To Increase the Authorised Share Capital
of the Company and consequential amendment in Memorandum of Association of the Company |
| |
|
2. To approve fresh issue of shares through
Further Public Offer (FPO). |
Annual General Meeting |
Saturday, 30th September, 2023 at
11.00 a.m. at Plot No. 15, Electronic Manufacturing Cluster, Sector 22, Village Tuta, Atal
Nagar, Nava Raipur, Chhattisgarh, 492015 India |
1. Adoption of Audited Financial Statements. |
| |
|
2. Re-appointment of a Director. 3. To
approve the appointment of statutory auditor to fill casual vacancy caused by resignation
of M/s R. S. Choraria & Associates, Chartered Accountants. |
| |
|
4. Regularisation of appointment of Mr.
Manish Agrawal (DIN: 09781023), Additional Independent Director of the company as
Director. |
| |
|
5. Approval of Payment of Remuneration to Mr.
Ankit Jain, Director cum Chief Financial Officer of Company (DIN: 06381280). 6. Approval
of Payment of Remuneration to Mr. Anekant Jain, Director cum Chief Executive Officer of
Company (DIN: 06732591). |
| |
|
7. Approval of Payment of Commission to Ms.
Rukmani Jain, Non-Executive Director of Company (DIN: 06381287). |
37. REPORTING OF FRA UD:
The Auditors of the Company have not reported any fraud as specified
under Section 143 (12) of the Companies Act, 2013.
38. ANNUAL RETURN:
Pursuant to the provisions of Sections 92 (3) and 134 (3) (a) of the
Companies Act, 2013, copy of the Annual Return of the Company have been uploaded on the
Company's website https://arhamtechnologies.co.in/investor-relation/ in e-form MGT-7 for
the financial year ended March 31, 2023.
39. ACKNOWLEDGEMENT:
Your directors wish to express their grateful appreciation to the
continued co-operation received from the Banks, Government Authorities, Customers, Vendors
and Shareholders during the year under review and look forward to their continued
co-operation in the years to come.
Your directors also wish to place on record their deep sense of
appreciation for the committed service of the Executives, staff and Workers of the
Company.
For and on behalf of the Board of Directors
|
SD/- |
|
SD/- |
|
Managing Director |
|
Director |
Date: 03/09/2024 |
DIN 06381291 |
DIN |
06381280 |
Place: Raipur |
NAME Roshan Jain |
NAME |
Ankit Jain |
|