To,
The Members,
Clinitech Laboratory Limited
(formerly Known as Clinitech Laboratory Private Limited)
Your Directors have pleasure in presenting their 15thAnnual Report on the
Standalone Audited Financial Statements of Clinitech Laboratory Limited (formerly Known
as Clinitech Laboratory Private Limited)("the Company") for the
Financial Year ended March 31, 2025.
1. Financial Summary:
The summarized financial performance of the Company for the FY2024-25 and 2023-24are
given below:
[Amount in lacs.]
Particulars |
Standalone |
|
2024-25 |
2023-24 |
| Revenue from operations |
823.49 |
640.30 |
| Other Income |
22.78 |
3.62 |
Total Revenue |
846.27 |
643.92 |
Total Expenses |
790.80 |
593.40 |
Profit/(Loss) before exceptional items and tax |
55.47 |
50.52 |
| Exceptional Items/prior period item |
- |
- |
Net Profit Before Tax |
55.47 |
50.52 |
| Provision for Tax |
|
|
| - Current Tax |
15.95 |
14.36 |
| - Deferred Tax (Liability)/Assets |
0.04 |
(0.96) |
| - Tax Adjustments |
0.00 |
0.00 |
Net Profit/(Loss) After Tax |
39.47 |
37.12 |
| Earnings per equity share (for continuing operation): |
|
|
| - Basic |
1.90 |
2.37 |
| - Diluted |
1.90 |
2.37 |
2. Review of Operations:
During the financial year under review, the Company has posted total revenue of INR
846.27 lakhs as against INR 643.92 lakhs for the corresponding previous year.
Further, the Company earned net profit after tax of INR 39.47 lakhs as against net
profit after tax INR 37.12 lakhs for the corresponding previous year.
3. State of Affairs and Future Outlook:
Your Board is exploring new avenues to engage Company into activities pertaining to
pathological laboratory testing services, with an expectation to grow its business in
upcoming year under the
"healthcare service" sector. The company has witnessed upward trend in its
revenues and Net profits as compared to previous financial year. The company is hopeful to
do better in upcoming future.
The Company was incorporated as Clinitech Laboratory Private Limited on March 19, 2010.
Further, the company was converted to Public Limited on August 25, 2023. The Company has
pursuant to Section 23, 26, 179(3), 62(1)(c) &all other applicable provisions of
Companies Act, 2013 and SEBI (ICDR) Regulations, 2018 carried out the procedure of Initial
Public Offering of Equity shares of the Company. The Company listed its Equity shares on
BSE Limited (BSE), SME platform with effect from August 01, 2024.
In the coming years the company shall focus on delivering the quality products and
explore more avenues in the "healthcare service" sector and focus on the future
development and success of the company. We shall together work towards strengthening the
core competencies of the company and strive to increase the revenue from operation and
consequently increase the net profit of the company in the future. We are hopeful of
growing in the healthcare service sector and increase profits in the near future.
4. Material changes and commitments affecting the financial position of the
Company:
4.1 Initial Public Offer ("IPO") and Listing
During the financial year, the Company has pursuant to Section 23, 26, 179(3), 62(1)(c)
&all other applicable provisions of Companies Act, 2013 and SEBI (ICDR) Regulations,
2018 carried out the procedure of Initial Public Offering of Equity shares of the Company.
The Company listed its Equity shares on BSE Limited (BSE), SME platform with effect from
August 01, 2024 in accordance with the listing and trading approval dated July 30, 2024
and allotted 6,02,400 Equity shares on July 30, 2024 issued through Initial Public Offer
(IPO).
4.2 Change in status of the company (Unlisted to Listed)
As the company is listed on BSE limited at SME platform and hence the Corporate
Identity Number
("CIN") of the company was changed from U85195MH2010PLC201078 to
L85195MH2010PLC201078
5. Dividend:
In order to conserve the resources for the further growth of the Company, your
Directors think fit not to recommend any dividend for the financial year 2024-25.
6. Transfer to Reserves:
The Board of Directors have not transferred any amounts in General reserve account.
7. Share Capital:
7.1 Authorized Share Capital
As on March 31, 2025, the authorized capital of the company is INR 5,00,00,000/-
(Indian Rupees Five Crore only) divided into 50,00,000 (Fifty Lakhs) Equity Shares of INR
10/- (Indian Rupees Ten Only) each.
7.2 Changes in Issued, Subscribed and Paid-up Share Capital:
As on March 31, 2024, the issued, subscribed and paid-up share capital of the company
was INR 1,68,00,000/- (Indian Rupees One Crore Sixty Eight Lakhs only) divided into
16,80,000 (Sixteen Lakhs Eighty Thousand) Equity Shares of INR 10/- (Indian Rupees Ten
Only) each. During the financial year, 6,02,400 Equity shares were allotted through
Initial Public Offer on July 30, 2024 thereby increasing the issued, subscribed and
paid-up share capital of the company to INR 2,28,24,000/- (Indian Rupees Two Crores Twenty
Eight Lakh Twenty Four Thousand only) divided into 22,82,400 (Twenty Two Lakh Eighty Two
Thousand Four Hundred) Equity Shares of INR 10/- (Indian Rupees Ten Only) each.
The Company listed its 22,82,400 Equity shares on SME platform of BSE
Limited("BSE") on August 01, 2024.
Consequently the issued, subscribed and paid-up share capital of the company as on
March 31, 2025 is INR 2,28,24,000/- (Indian Rupees Two Crores Twenty Eight Lakh Twenty
Four Thousand only) divided into 22,82,400 (Twenty Two Lakh Eighty Two Thousand Four
Hundred) Equity Shares of INR 10/- (Indian Rupees Ten Only) each.
8. Management Discussion and Analysis:
The Management Discussion and Analysis as required in terms of the Listing Regulations
is annexed to the report as Annexure I and is incorporated herein by
reference and forms an integral part of this report.
9. Board of Directors:
Your Board of Directors consist of eminent professionals with considerable integrity,
experience and expertise (including the proficiency) of the independent director which
contribute to overall Board effectiveness.
As on March 31, 2025, the Board of your company consists of 6 (Six) Directors, out of
which 2 (Two) are Executive Directors and 4 (Four) are Non-Executive Directors [which
includes One Non-Executive Non-Independent and Two Independent Directors]. The
composition of Board is in accordance with the provisions of Section 149 of the Companies
Act, 2013 and Regulation 17 of SEBI (LODR) Regulations, 2015.
9.1 Inductions/Appointment/Re-appointment/Resignation of Director:
Pursuant to section 152(6) of the Companies Act, 2013 and in terms of Articles of
Association of the Company, Mr. Jagdish Umakant Nayak (DIN: 00646672), Director of the
Company, retires by rotation and being eligible; offers himself for re-appointment at the
forthcoming 15thAnnual General
Meeting. The Board recommends the said reappointment for shareholders' approval.
During the financial year, there were no changes in composition of Board of Directors
of the Company.
All the directors of the Company have confirmed that they satisfy the fit and proper
criteria as prescribed under the applicable regulations and that they are not disqualified
from being appointed as directors in terms of Section 164(2) of the Companies Act, 2013.
10. Declaration by Independent Directors:
The Independent Director(s) have submitted their disclosure to the Board that they
fulfill all the requirements as to qualify for their appointment as Independent Director,
under the provisions of section 149 of the Companies Act, 2013 as well as Regulation 17 of
the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
11. Key Managerial Personnel:
Pursuant to Section 203 of the Companies Act, 2013, the Key Managerial Personnel of the
Company as on March 31, 2025 are:
Sr. No. Name of KMP |
Designation |
| 1. Ms. Jagdish Umakant Nayak |
Managing Director |
| 2. Mr. Jyoti Jagdish Nayak |
Whole-time Director |
| 3. Mr. Rahul Motilal Patil |
Chief Financial Officer |
| 4. *Mr. Bharat Kumar Bohra |
Company Secretary &Compliance Officer |
*As on report date, Mr. Bharat Kumar Bohra has resigned from the position of Company
Secretary & Compliance Officer w.e.f June 02, 2025 and Ms. Shruti Hemant Patankar
(Mem. No. A76156) was appointed for the said position w.e.f June 06, 2025.
12. Board Meetings:
Dates for Board Meetings are well decided in advance and communicated to the Board and
the intervening gap between the meetings was within the period prescribed under the
Companies Act, 2013 and the Listing Agreement. The agenda and explanatory notes are sent
to the Board in advance or with the permission of the Board at shorter notice. The Board
periodically reviews compliance reports of all laws applicable to the Company. The Board
usually meets once in every quarter to review the progress of business and transact other
items listed as agendas. Additional meetings are held, when necessary.
During the financial year ended March 31, 2025, 09 (Nine) Board Meetings were
held, the dates of which are as follows:
Sr. No. |
Date of Meeting |
No. of Director entitled to attend |
No. of Director attended |
| 1 |
12/04/2024 |
6 |
6 |
| 2 |
24/06/2024 |
6 |
6 |
| 3 |
05/07/2024 |
6 |
6 |
| 4 |
30/07/2024 |
6 |
6 |
| 5 |
12/08/2024 |
6 |
6 |
| 6 |
24/10/2024 |
6 |
6 |
| 7 |
13/11/2024 |
6 |
5 |
| 8 |
25/02/2025 |
6 |
6 |
| 9 |
25/03/2025 |
6 |
6 |
Attendance details of Directors for the year ended March 31, 2025 are given below:
Name of the Directors |
Category |
No. of Board Meetings attended |
| Jagdish Umakant Nayak |
Managing Director |
9 |
| Jyoti Jagdish Nayak |
Whole time Director |
9 |
| Ashutosh Jagdish Nayak |
Non-Executive Director |
9 |
| Ravikant Moreshwar Mhatre |
Independent Director |
9 |
| Smita Arjun Patil |
Independent Director |
9 |
| Balu Laxman Kumbharkar |
Independent Director |
8 |
The gap between any two Board meetings during this period did not exceed one hundred
and twenty days in accordance with the provisions of the Companies Act, 2013.
CLINITECH LABORATORY LIMITED ANNUAL REPORT 2024-25
13. Separate Meeting of Independent Directors- Board Evaluation &Discussions with
Independent Directors:
Pursuant to paragraph VII of Schedule IV, in terms of Section149 (8) of Companies Act,
2013 and Regulation 25 (3) & (4) of Securities and Exchange Board of India (Listing
Obligations and
Disclosure requirements, 2015, the Board's policy is to regularly have separate
meetings with
Independent Directors, to update them on all business related issues, new initiatives,
changes in the industry specific market scenario, review quality, quantity, and timeliness
of the flow of information between the Management and the Board and evaluate performance
of Non-independent Directors, Chairperson of the company and Board as a whole. The Code
for Independent Director is available on the website of the company atwww.ctllab.in.
The Meeting of Independent Directors of the Company was held on March 25, 2025.All the
independent directors were present at this meeting.
13.1 Familiarization Programme:
Pursuant to the SEBI Listing Regulations, the Company has developed a Familiarization
Programme for the Independent Directors, with a view to familiarize them with their role,
rights, and responsibilities in the Company, the nature of the industry in which the
Company operates, its business plans, business model, corporate strategy, services, the
governance structure, policies, processes etc. Details of the Familiarization Programme of
Independent Directors of the Company are available on the website of the Company
atwww.ctllab.in.
14. Board Evaluation:
Pursuant to the provisions of the Companies Act, 2013 and the Listing Agreement/ SEBI
(LODR) Regulations, 2015, the Board is required to carry out an annual performance
evaluation of its own performance, the directors individually as well as the evaluation of
the working of its Committees. The policy related with code of conduct for Board of
Directors and senior management is available on the website of the company at
www.ctllab.in.
15. Formation of Committee of Board:
15.1 Audit Committee:
Your Company has formed an Audit Committee as per the provisions of Section 177 of the
Companies Act, 2013 and Regulation 18 of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 and is functional as per the
aforementioned provisions. All members of the Audit Committee possess strong knowledge of
accounting and financial management.
The primary objective of the Audit Committee is to monitor and provide an effective
supervision of the Management's financial reporting process, to ensure accurate and timely
disclosures, with the highest levels of transparency, integrity and quality of financial
reporting. The Committee oversees the work carried out in the financial reporting process
by the Management, the statutory auditor and notes the processes and safeguards employed
by each of them.
During the financial year ended March 31, 2025, 04 (Four) meetings of committee were
held, the dates of which are as follows:
Sr. No. |
Date of Meeting |
No. of Director entitled to attend |
No. of Director attended |
| 1 |
24/06/2024 |
3 |
3 |
| 2 |
05/07/2024 |
3 |
3 |
| 3 |
13/11/2024 |
3 |
3 |
| 4 |
25/03/2025 |
3 |
3 |
Details of the composition of the Committee and attendance during the financial year
are as under:
Sr. No. |
Name of Directors |
Designation |
No. of Meetings Attended |
| 1. |
Mr. Ravikant |
Chairman, Independent Director |
4 |
|
Moreshwar Mhatre |
|
|
| 2. |
Ms. Smita Arjun Patil |
Member, Independent Director |
4 |
| 3. |
Mr. Balu Laxman |
Member, Independent Director |
4 |
|
Kumbharkar |
|
|
15.2 Nomination & Remuneration Committee:
The Board of Directors has framed a policy which lays down a framework in relation to
remuneration of Directors. This policy also lays down criteria for selection and
appointment of Board Members. The Board of Directors is authorized to decide Remuneration
to Executive Directors. The Remuneration structure comprises of Salary and Perquisites.
Salary is paid to Executive Directors within the Salary grade approved by the Members. The
Nomination & Remuneration committee has been assigned to approve and settle the
remuneration package with optimum blending of monetary and non-monetary outlay.
During the financial year ended March 31, 2025, 01 (One) meetings of committee was held
on March 25, 2025.
Details of the composition of the Committee and attendance during the financial year
are as under:
Sr. Name of Directors Designation |
No. of |
No. of |
No. |
Committee meetings entitled to attend |
Meetings Attended |
| 1. Mr. Balu Laxman Chairman, Independent Director |
1 |
1 |
| Kumbharkar |
|
|
| 2. Mr. Ravikant Member, Independent Director |
1 |
1 |
| Moreshwar Mhatre |
|
|
| 3. Ms. Smita Arjun Patil Member, Independent Director |
1 |
1 |
15.2.1 Nomination & Remuneration Policy:
In terms of requirements prescribed under Section 178(3) of the Companies Act, 2013,
the Nomination and Remuneration Policy inter-alia providing the terms for
appointment and payment of remuneration to Directors and Key Managerial Personnel.
The said policy is annexed to this report as Annexure II and is also
available on our website www.ctllab.in.
During the financial year, the details of remuneration paid to Directors and Key
Managerial Personnel are as under:
Sr.No. Name of Directors and KMP |
Designation |
Remuneration per annum (In INR) |
| 1. Mr. Jagdish Umakant Nayak |
Managing Director |
24,00,000/- |
| 2. Mrs. Jyoti Jagdish Nayak |
Whole time Director |
24,00,000/- |
| 3. Mr. Rahul Motilal Patil |
Chief Financial Officer |
7,20,500/- |
| 4. *Mr. Bharat Kumar Bohra |
Company Secretary |
3,60,000/- |
*As on report date, Mr. Bharat Kumar Bohra has resigned from the position of Company
Secretary & Compliance Officer w.e.f June 02, 2025
15.3 Stakeholders Relationship Committee:
The terms of reference are in line with Section 178 of the Companies Act, 2013 and
Regulation 20 of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements)
Regulations, 2015. The Committee reviews Shareholder's/ Investor' s complaints like
non-receipt of Annual Report, physical transfer/ transmission/transposition, split/
consolidation of share certificates, issue of duplicate share certificates etc. This
Committee is also empowered to consider and resolve the grievance of other stakeholders of
the Company including security holders.
During the financial year ended March 31, 2025, 01 (One) meeting of committee was held
on March 25, 2025.
Details of the composition of the Committee and attendance during the year are as
under:
Sr. No. |
Name of Directors |
Designation |
No. of Committee meetings entitled to attend |
No. of Meetings Attended |
| 1. |
Ms. Smita Arjun Patil |
Chairman, Independent Director |
1 |
1 |
| 2. |
Mr. Balu Laxman |
Member, Independent Director |
1 |
1 |
|
Kumbharkar |
|
|
|
| 3. |
Mr. Ravikant |
Member, Independent Director |
1 |
1 |
|
Moreshwar Mhatre |
|
|
|
| 4. |
Mr. Jagdish Umakant |
Member, Managing Director |
1 |
1 |
|
Nayak |
|
|
|
The details of complaints received and resolved during the Financial Year ended March
31, 2025 are given in the Table below. The complaints relate to non-receipt of annual
report, dividend, share transfers, other investor grievances, etc.
Details of complaints received and resolved during the Financial Year 2024-25:
Particulars |
Number of Complaint |
| Opening as on April 1, 2024 |
Nil |
| Received during the year |
Nil |
| Resolved during the year |
Nil |
| Closing as on March 31, 2025 |
Nil |
16. Directors' Responsibility Statement:
Pursuant to Section 134(3)(c) & 134(5) of the Companies Act, 2013, the Board of
Directors of the Company hereby confirm that:
(a) In the preparation of the annual accounts, the applicable accounting standards have
been followed along with proper explanation relating to material departures;
(b) the directors have selected such accounting policies and applied them consistently
and made judgments and estimates that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the company at the end of the financial year and of
the profit and loss of the company for that period;
(c) the directors have 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 have prepared the annual accounts on a going concern basis;
(e) the directors have 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 have devised proper systems to ensure compliance with the provisions
of all applicable laws and that such systems were adequate and operating effectively.
17. Particulars of Employees and Related Disclosures
The information required pursuant to Section 197 read with Rule 5 of the Companies
(Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016 in respect of
employees of the Companyis enclosed as Annexure III and forms an integral
part of this report.
Further, as per the provisions specified in Rule 5 of Companies (Appointment &
Remuneration of Managerial Personnel) Amendment Rules, 2016, none of the employees of the
Company are in receipt of remuneration exceeding Rs. 1,02,00,000/- per annum, if employed
for whole of the year or Rs. 8,50,000/- per month if employed for part of the year.
Further, the name of top ten employees in terms of remuneration drawn is disclosed in Annexure
IV and forms an integral part of this report.
18. Annual Return:
Pursuant to Notification dated 28th August, 2020 issued by the Ministry of Corporate
Affairs as published in the Gazette of India on 28thAugust, 2020, the details
forming part of the extract of Annual Return in Form MGT-9 is not required to be annexed
herewith to this report. However, the Annual Return in Form MGT-7 as required under
Section 92(3) read with Section 134(3)(a) of the Act and the Companies (Management and
Administration) Rules, 2014will be made available on the website of the Company at:
www.ctllab.in.
19. Details of Subsidiary/Joint Ventures/Associate Companies:
The company does not have any Subsidiary/Joint Ventures/Associate Companies as on March
31, 2025, therefore there is nothing to report on this behalf.
20. Statutory Auditors' and Auditors' Report:
At the 14th Annual General Meeting held on July 11, 2024, M/s. Kale Malde
& CO., Mumbai (Firm Registration Number 154422W) Chartered Accountant, were appointed
as Statutory Auditor of the Company to hold the office for the period of five years i.e.
from the conclusion of 14thAnnual General Meeting till the conclusion of the 19th
Annual General Meeting, to be held for the FY 2028-29.
Explanation(s)/ Comment(s) Pursuant To Section 134(3)(f)(i), If Any, of The Companies
Act, 2013:
There are no adverse remarks/Qualifications made in Statutory Report issued by M/s.
Kale Malde & CO., Chartered Accountant, Statutory Auditor of the Company.
Auditors Report is self explanatory and need not call for any explanation by your
Board.
21. Secretarial Audit:
In terms of Section 204 of the Act and Rules made thereunder, M/s. Deep Shukla &
Associates, Practicing Company Secretaries, have been appointed as Secretarial Auditors of
the Company vide Board approval dated March 25, 2025 for a term of 5 (five) financial
years from FY 2024-25 to FY 2028-29.
The Secretarial Audit Report is enclosed as Annexure V to this report.
22. Internal Audit & Controls:
Pursuant to the provisions of Section 138 of the Companies Act, 2013 and the Companies
(Accounts) Rules, 2014, M/s. Kalpesh Khatri & Associates, Chartered Accountants (Firm
Regn No.: 0139570W) were appointed as an Internal Auditor of the Company for a term of 5
(five) years i.e. from FY 2024-25 to FY 2028-29, to issue the report for respective
financial years.
The Company has in place adequate internal financial controls with reference to the
financial statement. The Audit Committee of the Board periodically reviews the internal
control systems with the management and Statutory Auditors.
23. Employees' Stock Option Plan:
The Company has not provided stock options to any employee during the financial year.
24. Vigil Mechanism:
Pursuant to the provisions of section 177(9) & (10) of the Companies Act, 2013 and
SEBI (LODR) Regulations, 2015, a Vigil Mechanism for directors and employees to report
genuine concerns has been established. The Vigil Mechanism Policy has been uploaded on the
website of the Company at www.ctllab.in.The employees of the Company are made aware of the
said policy at the time of joining the Company.
During the financial year, no complaints were received by the Company.
25. Risk Management Policy:
The Company has laid down the procedure to inform the Board about the risk assessment
and minimization procedures. These procedures are reviewed by the Board annually to ensure
that there is timely identification and assessment of risks, measures to mitigate them,
and mechanisms for their proper and timely monitoring and reporting.
The Company does not fall under the ambit of top 500 listed entities, determined on the
basis of market capitalization as at the end of the immediately preceding financial year.
Hence, compliance under Regulation 21 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 is not applicable.
26. Code for Prohibition of Insider Trading:
Your Company has adopted the Internal Code of conduct for Regulating, monitoring and
reporting of trades by Designated persons under the Securities and Exchange Board of India
(Prohibition of
Insider Trading) Regulation, 2015 ("Code") for prohibition of insider trading
in the securities of the CTLLAB to curb the practice for dealing in the securities while
having Unpublished Price Sensitive
Information ("UPSI") by the Insiders of the Company.
The Code, inter alia, prohibits dealing in securities by insiders while in possession
of unpublished price sensitive information. The said Code has been amended, from time to
time, to give effect to the various notifications/circulars of Securities and Exchange
Board of India ("SEBI") with respect to the
SEBI (Prohibition of Insider Trading) Regulations, 2015.
Your Company has also formulated and adopted the Policy and Procedures for inquiry in
case of leak or suspected leak of Unpublished Price Sensitive Information [Under
Regulation 9A (5) of Securities and Exchange Board of India (Prevention of Insider
Trading) Regulations, 2015]. The Policy of Insider trading has been uploaded on website of
the company at www.ctllab.in.
27. Corporate Governance Report:
Your Company is committed to achieving and adhering to the highest standards of
Corporate Governance, however the provisions of the Corporate Governance is not applicable
to the Company pursuant to regulation 15(2)(a) of Securities And Exchange Board of India
(Listing Obligations And Disclosure Requirements) Regulations, 2015.
34
28. Deposits:
The Company has neither accepted nor renewed any fixed deposits during the year under
Section 76 of the Companies Act, 2013. There are no unclaimed deposits, unclaimed / unpaid
interest, refunds due to the deposit holders or to be deposited to the Investor Education
and Protection Fund as on March 31, 2025.
29. Loans & Guarantees:
During the financial year, the Company has not provided any loan, guarantee, security
covered under the provisions of Section 186 of the Companies Act, 2013, to any person or
other body corporate.
30. Related Party Transactions:
Related party transactions, if any, that were entered into during the period ended
March 31, 2025, were on an arm's length basis and were in the ordinary course of business.
There are no materially significant related party transactions made by the Company with
Promoters, Directors, Key Managerial Personnel or other designated persons which may have
a potential conflict with the interest of the Company at large.
None of the Directors has any pecuniary relationships or transactions vis-?-vis the
Company.
Further all the necessary details of transaction entered with the related parties
pursuant to provisions of Section 188(1) of the Companies Act, 2013 are attached herewith
in Form AOC-2 for your kind perusal and information as Annexure VI
The details of the other related party transactions as per Indian Accounting Standard
24 are also set out in Note No. 27 to the Significant Accounting policies part of this
report.
31. Conservation of Energy, Research and Development, Technology Absorption and Foreign
Exchange:
The details of conservation of energy, technology absorption, foreign exchange earnings
and outgo are as follows:
30.1 Conservation of Energy:
The use of energy is being optimized through improved operational methods. Continuous
efforts are being made to optimize and conserve energy by improvement in production
process. Even though its operations are not energy intensive, significant measures are
taken to reduce energy consumption by using energy efficient equipment. The Company
regularly reviews power consumption patterns in its all locations and implements requisite
improvements/changes in the process in order to optimize energy/ power consumption and
thereby achieve cost savings.
Steps taken for utilizing alternate sources of energy-
The Company has not made any investment for utilizing alternate source of energy.
Capital investment on energy conservation equipment-
The Company has taken adequate measures to conserve energy by way of optimizing usage
of power.
30.2 Absorption of Technology:
I. The efforts made towards technology absorption:
The Company values innovation and applies it to every facet of its business. This
drives development of distinctive new products, ever improving quality standards and more
efficient processes.
The Company has augmented its revenues and per unit price realization by deploying
innovative marketing strategies and offering exciting new products. The depth of designing
capabilities was the core to our success over the years.
II. Benefits derived as a result of the above efforts:
As a result of the above, the following benefits have been achieved:
a) Better efficiency in operations, b) Greater precision, c) Retention of existing
customers and expansion of customer base, d) Lower inventory stocks resulting in low
carrying costs.
III. The Company has not imported any technology during the year under review;
IV. The Company has not expended any expenditure towards Research and Development
during the year under review.
30.3 Foreign Exchange Earnings and Outgo:
During the financial year, there was no earning and outgoing in foreign exchange.
32. Corporate Social Responsibility:
The Company is committed to discharging its social responsibility as a good corporate
citizen.
During the financial year, the Company has not expended any amount towards CSR
activities as the same is not applicable to the Company for the FY 2023-24 pursuant to
section 135 of the Companies Act, 2013. Consequently, the company is not required to adopt
any policy and formulate CSR Committee.
33. Cost Record & Cost Audit:
Pursuant to the provisions of Section 148 and all other applicable provisions of the
Companies Act, 2013, read with the Companies (Audit and Auditors) Rules, 2014 and the
Companies (Cost Records and Audit) Rules, 2014, Maintenance of Cost Record and conducting
Cost Audit is not applicable to our Company.
34. Obligation of Company under the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013:
The Company has in place an Anti-Sexual Harassment Policy in line with the requirements
of the Sexual Harassment at workplace (Prevention, prohibition and Redressal) Act,
2013.The Company has an Internal Complaints Committee, providing a redressal mechanism.
All employees (permanent, contractual, temporary, trainees) are covered under this policy.
During the year ended 31st March 2025, the status of complaints is as
follows:
| Number of compliant as on 01st April, 2024 |
NIL |
| Number of complaints received during the |
NIL |
| year |
|
| Number of complaints resolved during the |
NIL |
| year |
|
| Number of complaints pending as on 31st |
NIL |
| March, 2025 |
|
35. Obligation of Company under the Maternity Benefit Act, 1961 :
The Company complies with the provisions of the Maternity Benefit Act, 1961 and the HR
department of the company is responsible for the same. All permanent women employees
(except contractual, temporary, trainees) are covered under this system.
36. Secretarial Standards:
The Company has in place proper systems to ensure compliance with the provisions of the
applicable secretarial standards issued by The Institute of Company Secretaries of India
and such systems are adequate and operating effectively.
37. Significant and Material Orders passed by the Regulators or Courts or Tribunals:
There are no significant and material orders passed by the Regulators / Courts /
Tribunals which would impact the going concern status of the Company and its future
operations.
38. Listing on stock exchange
The shares of the Company were listed on BSE Limited on Small, Medium Enterprise
Platform
("SME Platform") on Thursday, August 01, 2024.
39. Other Disclosure:
? There was no change in the nature of the business or any activity of business of your
Company; ? Your Company has not accepted/invited deposits from the public falling within
the ambit of Section 73 of the Act and the Companies (Acceptance of Deposits) Rules, 2014
and has not taken any loan from the Promoters or Directors; ? There were no proceedings,
filed by your Company or filed against the Company, pending under the Insolvency and
Bankruptcy Code, 2016 as amended, before the National Company Law Tribunal or other Courts
as on March 31, 2025. ? Your Company has not issued shares with differential voting rights
and sweat equity shares during the year under review. ? There were no instances where your
Company required the valuation for one time settlement or while taking the loan from the
Banks or Financial institutions during the financial year.
40. Acknowledgement:
The Directors would like to thank all shareholders, customers, bankers, suppliers and
everybody else with whose help, cooperation and hard work the Company is able to achieve
the results. The Directors would also like to place on record their appreciation of the
dedicated efforts put in by the employees of the Company.
|
For & on behalf of the Board of Directors of |
|
Clinitech Laboratory Limited |
|
(formerly known as Clinitech Laboratory Private
Limited) |
|
Sd/- |
Sd/- |
|
Jagdish Umakant Nayak |
Jyoti Jagdish Nayak |
|
Managing Director |
Whole-time Director |
|
DIN: 00646672 |
DIN: 02945625 |
Place: Navi Mumbai |
|
|
Date: August 19, 2025 |
|
|
Registered office address: |
|
|
| AL-1/545, Sector 16, Airoli, |
|
|
| Opposite Radhikabai Meghe Vidyalaya, |
|
|
Thane-400708, Navi Mumbai, Maharashtra, India. |
|
|