As of the date of this Draft Red Herring Prospectus, we have 6 (Six) Directors on our
Board, which includes 1 (One) Managing Director, 1 (One) Whole Time Director, 2 (Two)
Non-Executive Director, and 2 (Two) Independent Directors, out of which, Board of
Directors comprises of one (1) woman directors. The present composition of our Board and
its committees is in accordance with the corporate governance requirements prescribed
under the Companies Act and the SEBI Listing Regulations.
The following table sets forth the details regarding the Board of Directors of our
Company as on the date of filing of this Draft Red Herring Prospectus:
Name, Designation, DIN, Date of Birth, Age, Address, Occupation,
Qualification, Current Term, Date of Appointment |
Other Directorships |
Umakant Savadekar |
|
Designation: Chairman and Managing Director |
|
Age: 48 years |
|
Date of Birth: February 25, 1977 |
|
Address: Plot No 19, Bhausaheb Hire Hou Soc, Hirawadi,
Panchavati, Nashik, Maharashtra, India- 422003 |
|
Experience: 20 years |
Nil |
Occupation: Business |
|
Qualification: Master of Technology (Nano science &
Technology) and Bachelor of Engineering (Mechanical Engineering) |
|
Current Term: For a period of 3 years w.e.f August 30, 2025,
liable to retire by rotation Period of Directorship: Since June 13, 2013 |
|
DIN: 06548672 |
|
Ulka Umakant Savadekar |
|
Designation: Whole Time Director and CFO |
|
Age: 46 years |
|
Date of Birth: July 20, 1979 |
|
Address: Plot No 19, Bhausaheb Hire Hou Soc, Hirawadi,
Panchavati, Nashik, Maharashtra, India- 422003 |
Nil |
Experience: 12 Years |
|
Occupation: Business |
|
Qualification: Master of Business Administration, Bachelor of
Commerce, Diploma in electrical engineering |
|
Name, Designation, DIN, Date of Birth, Age, Address, Occupation,
Qualification, Current Term, Date of Appointment Current Term: For a period of
3 years w.e.f August 30, 2025, liable to retire by rotation |
Other Directorships |
Period of Directorship: Since June 13, 2013 |
|
DIN: 06547735 |
|
Nivrutti Sonu Savdekar |
|
Designation: Non-executive Director |
|
Age: 82 years |
|
Date of Birth: August 01, 1943 |
|
Address: Plot No 19, Yashodhan Bhausaheb Hirey Housing
Sosayati, Hirawadi, Panchavati, Nashik, Maharashtra, India- 422003 |
|
Experience: 12 years Occupation: Business |
Nil |
Qualification: Bachelor of Education (B.Ed) |
|
Current Term: For a period of 3 years w.e.f August 30, 2025,
liable to retire by rotation |
|
Period of Directorship: Since June 13, 2013 |
|
DIN: 06547751 |
|
Vijaya Nivrutti Savdekar |
|
Designation: Non-executive Director |
|
Age: 76 years |
|
Date of Birth: June 01, 1949 |
|
Address: Plot No 19, Yashodhan Bhausaheb Hirey Housing
Sosayati, Hirawadi, Panchavati, Nashik, Maharashtra, India- 422003 |
|
Experience: 12 years |
Nil |
Occupation: Business |
|
Qualification: Bachelor of Arts |
|
Current Term: For a period of 3 years w.e.f August 30, 2025,
liable to retire by rotation |
|
Period of Directorship: Since June 13, 2013 |
|
Name, Designation, DIN, Date of Birth, Age, Address, Occupation,
Qualification, Current Term, Date of Appointment |
Other Directorships |
DIN: 06548683 |
|
Niranjan Ramakant Kolhe |
|
Designation: Independent Director |
|
Age: 43 years |
|
Date of Birth: June 07, 1982 |
|
Address: Plot No. 7, Appu Ghar Road, Appu Ghar Corner, Sector
No. 25, Nigdi, Pradhikaran, Pune, Maharashtra-411044 |
|
Experience: 22 years |
Nil |
Occupation: Service |
|
Qualification: Master of Science (M.S.) in Mechanical
Engineering and Master in Business Administration (MBA) and Bachelor of Engineering
(B.E.). |
|
Current Term: For a period of 5 consecutive years with effect
from August 30, 2025 and not liable to retire by rotation |
|
DIN: 11250412 |
|
Rajendra Hunajirao Talele |
|
Designation: Independent Director |
|
Age: 53 Years |
|
Date of Birth: September 14, 1971 |
|
Address: 902, Spenta, Ghodbunder Road, Sandozbaugh, Thane,
Maharashtra- 400607 |
Companies: |
Experience: 30 years |
1. Eviasearch Tech Private Limited |
Occupation: Business |
|
Qualification: Master of Pharmacy and Bachelor of Pharmacy |
|
Current Term: For a period of 5 consecutive years with effect
from August 30, 2025 and not liable to retire by rotation |
|
DIN: 00305773 |
|
Brief Profile of Directors:
1. Umakant Savadekar aged 48 years is the Promoter, Managing Director &
Chairman of our Company. He has been on the board of our company since incorporation i.e.
2013. He has completed Bachelor of Engineering (Mechanical Engineering) in the year 1998
and Master of Technology (Nano science & Technology) in the year 2013 with an overall
experience of around 20 years in rotomoulding industry. He is pursuing PhD in
"Investigation of Graphene Nanocomposites for Rotational moulding applications"
at BITS Pilani, Goa. He is also a secretary of star (Association of Asian Rotomolders) and
was honored with the Speaker Appreciation Award at the Annual Conference 2020. He plays a
significant role in the growth of the company. He is responsible for manufacturing
operations, procurement and sales and
marketing activities of the Company. Under his leadership, our Company has been
successful in expanding its product portfolio and customer base.
2. Ulka Umakant Savadekar aged 46 years is the Promoter, Whole Time Director
& CFO of our Company. She has been on the board of our company since incorporation
i.e. 2013. She has completed Bachelor of Commerce in the year 2008 from University of
Pune, Diploma in electrical engineering in the year 2002 from Maharashtra State Board Of
Technical Education and Master of Business Administration in the year 2011 from North
Maharashtra University, Jalgaon. She has an experience of around 12 years in the
rotomoulding industry. She looks after Finance and compliance activities of the company.
3. Nivrutti Sonu Savdekar aged 82 years is the Promoter and Non-Executive
Director of our Company. He has been on the board of the company since incorporation i.e.
2013. He has completed Bachelor of Education (B.Ed) from University of Poona in the year
1970. Further, he received National awards for teachers from Ministry of Human resource
development in the year 1995. He has a past experience in teaching sector and an
experience of around 12 years in the rotomoulding industry.
4. Vijaya Nivrutti Savdekar aged 76 years is the Promoter and Non- Executive
Director of our Company. She has been on the board of the company since incorporation i.e.
2013. She has completed Bachelor of Arts in the year 1972 from University of Poona. She
was honored with Samajsudharak Savitribai Phule Adarsh Shikshika Award from Maharashtra
Government in the year 2005 for her services in the field of education. She has a past
experience in teaching sector and an experience of around 12 years in the rotomoulding
industry.
5. Niranjan Ramakant Kolhe aged 43 years is an Independent Director of our
Company. He completed Bachelor of Engineering (B.E.) from University of Pune in the year
2003. Further he completed his Master of Science in Mechanical Engineering from University
of Washington, USA in the year 2011 and Master in Business Administration (MBA) from
University of Bradford, UK in the year 2017. He has experience of around 22 Years in the
field of technology development and engineering projects.
6. Rajendra Hunajirao Talele aged 53 years is an Independent Director of our
Company. He completed Bachelor of Pharmacy from University of Poona in the year 1991.
Further he completed his Master of Pharmacy from University of Poona in the year 1993. He
has experience of around 30 Years in the field of Pharmaceutical and Drug Development
industry.
Confirmations:
As on the date of this Draft Red Herring Prospectus:
a) None of our Directors is or was a director of any listed company during the last
five years preceding the date of this Draft Red Herring Prospectus, whose shares have been
or were suspended from being traded on the BSE or the NSE, during the term of their
directorship in such company.
b) None of our Directors is or was a director of any listed company which has been or
was delisted from any stock exchange during the tenure of their directorship in such
company.
c) None of our Directors are categorized as a wilful defaulter or a fraudulent
borrower, as defined under Regulation 2(1)(lll) of Securities and Exchange Board of India
(Issue of Capital and Disclosure Requirements) Regulations, 2018.
d) None of our Directors is declared a fugitive economic offender under section 12 of
the Fugitive Economic Offenders Act, 2018.
e) None of our Directors have been debarred from accessing capital markets by the
Securities and Exchange Board of India. Additionally, none of our directors are or were,
associated with any other company which is debarred from accessing the capital market by
the Securities and Exchange Board of India.
Nature of any family relationship between our Directors
The following Directors of the Company are related to each other within the meaning of
Section 2 (77) of the Companies Act, 2013. Details of which are as follows:
Sr. No. |
Name of the Director |
Relationship with other Directors |
1. |
Umakant Savadekar |
Husband of Ulka Umakant Savadekar and Son of Nivrutti Sonu Savdekar and
Vijaya Nivrutti Savdekar. |
2. |
Ulka Umakant Savadekar |
Wife of of Umakant Savadekar |
3. |
Nivrutti Sonu Savdekar |
Husband of Vijaya Nivrutti Savdekar and Father of Umakant Savadekar |
4. |
Vijaya Nivrutti Savdekar |
Wife of Nivrutti Sonu Savdekar and Mother of Umakant Savadekar |
Arrangements with major Shareholders, Customers, Suppliers or Others:
We have not entered into any arrangement or understanding with our major shareholders,
customers, suppliers or others, pursuant to which any of our directors were selected as
Directors or members of the senior management.
Service Contracts:
The Directors of our Company have not entered into any service contracts with our
company which provides for benefits upon termination of their employment.
Details of Borrowing Powers of Directors:
Pursuant to a special resolution passed at an Extraordinary General Meeting of our
Company held on August 30, 2025 and pursuant to provisions of Section 180(1)(c) and other
applicable provisions, if any, of the Companies Act, 2013 and rules made thereunder, the
Board of Directors of the Company have been authorized to borrow monies from time to time,
any sum or sums of money on such security and on such terms and conditions as the Board
may deem fit, notwithstanding that the money to be borrowed together with the money
already borrowed by our Company may exceed in the aggregate, its paid up capital and free
reserves and security premium (apart from temporary loans obtained/ to be obtained from
bankers in the ordinary course of business), provided that the outstanding principal
amount of such borrowing at any point of time shall not exceed in the aggregate of Rs.
100.00 (Rupees Hundred Crore Only).
Compensation of our Directors
The compensation payable to our Directors will be governed as per the terms of their
appointment and shall be subject to the provisions of Sections 2(54), 188, 196, 197, 198
and 203 and any other applicable provisions, if any of the Companies Act, 2013 read with
Schedule V thereto and the rules made there under (including any statutory modification(s)
or re-enactment thereof or any of the provisions of the Companies Act, 1956 for the time
being in force).
The following compensation has been approved for:
A. Managing Director and Whole Time Directors
Particulars |
Umakant Savadekar |
Ulka Umakant Savadekar |
Appointment/ Change in Designation |
Appointed as Director w.e.f. June 13, 2013 Re-designated as Chairman and
Managing Director w.e.f. August 30, 2025 |
Appointed as Director w.e.f. June 13, 2013 Re-designated as Whole time
Director and CFO w.e.f. August 30, 2025 |
Current Designation |
Chairman and Managing Director |
Whole time Director and CFO |
Terms of Appointment |
For consecutive 3 years with effect from August 30, 2025 up to August 30,
2028 |
For consecutive 3 years with effect from August 30, 2025 up to August 30,
2028 |
Remuneration |
Upto Rs. 60.00 Lakh per annum and the board shall be entrusted to revise
either by enhancement or reduction in the said remuneration from time to time as board |
Upto Rs. 60.00 Lakh per annum and the board shall be entrusted to revise
either by enhancement or reduction in the said remuneration from time to time as board |
Particulars |
Umakant Savadekar |
Ulka Umakant Savadekar |
Compensation paid in FY 24-25 |
deem fit in line with the provisions of schedule V of the Act. Rs.
18.00 Lakhs per annum |
deem fit in line with the provisions of schedule V of the Act. Rs.
9.00 Lakhs per annum |
Bonus or Profit-Sharing Plan for our Directors:
We have no bonus or profit-sharing plan for our directors.
Sitting Fees:
The Articles of Association of our Company provides for the payment of sitting fees to
the Directors (other than Managing Director & Whole-time Directors), not exceeding t
1.00 Lakhs, as may be fixed by the Board of Directors from time to time, for attending a
meeting of the Board and Committees thereof. Our Board of Directors have resolved at their
meeting held on September 19, 2025 for the payment of an amount not exceeding t
1.00 Lakhs as sitting fees to all the Non-executive Directors (including Independent
Director) for attending each such meeting of the Board and Committee thereof.
Shareholding of our Directors as on the date of this Draft Red Herring Prospectus:
Sr. No. |
Name of the Director |
No. of Shares Held |
Holding in % |
| 1. |
Umakant Savadekar |
38,45,400 |
51.00% |
| 2. |
Ulka Umakant Savadekar |
26,39,000 |
35.00% |
| 3. |
Nivrutti Sonu Savdekar |
2,26,122 |
3.00% |
| 4. |
Vijaya Nivrutti Savdekar |
75,400 |
1.00% |
|
Total |
67,85,922 |
90.00% |
None of the Independent Directors of the Company holds any Equity Shares of Company as
on the date of this Draft Red Herring Prospectus.
As on the date of the filing of this Draft Red Herring Prospectus, we do not have any
Subsidiary Company as defined under Section 2(6) of the Companies Act, 2013
Our Articles of Association do not require our directors to hold any qualification
Equity Shares in the Company.
INTEREST OF DIRECTORS
All the Directors may be deemed to be interested to the extent of remuneration and
reimbursement of expenses paid to them. Our directors may also be regarded as interested
to the extent of their shareholding and dividend payable thereon, if any, and to the
extent of Equity Shares, if any held by them in our Company or held by their relatives.
Further our directors are also interested to the extent of unsecured loans, if any, given
by them to our Company or by their relatives. Further, our directors may have extended
personal guarantees in respect of financial facilities availed by the company and for the
details of Personal Guarantee given by our directors please refer to "Statement
of Financial Indebtedness" on page 224 of this Draft Red Herring Prospectus.
Except as stated otherwise in this Draft Red Herring Prospectus, our Company has not
entered into any contract, agreements or arrangements during the preceding two years from
the date of the Draft Red Herring Prospectus in which the Directors are interested
directly or indirectly and no payments have been made to them in respect of the contracts,
agreements or arrangements which are proposed to be entered into with them.
Except as stated in this section "Our Management" or the
section titled "Financial information of the Company - Annexure AC - Related
Party transaction" beginning on page 142 and 211 respectively of this Draft
Red Herring Prospectus, and except to the extent of shareholding in our Company, our
Directors do not have any other interest in our business.
Interest in the property of Our Company:
Except as mentioned below our directors do not have any interest in any property
acquired by our Company during the period of two years before filing of this Draft Red
Herring Prospectus or proposed to be acquired by us as on date of this Draft Red Herring
Prospectus.
-Our Registered Office situated at Gat No-172, Khatwad Tal - Dindori Dist - Nashik,
Maharashtra, India-422004 is taken on rent vide lease deed dated November 06, 2015 from
our Whole time director and CFO, Ulka Umakant Savadekar.
Changes in Board of Directors in Last 3 Years:
S. No. |
Name of Directors |
Date of Event |
Nature of Event |
Reasons for Change |
1 |
Umakant Savadekar |
August 30, 2025 |
Re-designated as Chairman & Managing Director |
To ensure better Corporate Governance and compliance with
the Companies Act, 2013 |
2 |
Ulka Umakant Savadekar |
August 30, 2025 |
Re-designated as Whole Time Director and CFO |
3 |
Nivrutti Sonu Savdekar |
August 30, 2025 |
Re-designated as Non-Executive Director |
4 |
Vijaya Nivrutti Savdekar |
August 30, 2025 |
Re-designated as Non-Executive Director |
5 |
Niranjan Ramakant Kolhe |
August 30, 2025 |
Appointed as Independent Director |
6 |
Rajendra Hunajirao Talele |
August 30, 2025 |
Appointed as Independent Director |
ORGANISATION STRUCTURE
COMPLIANCE WITH CORPORATE GOVERNANCE
In addition to the applicable provisions of the Companies Act, 2013, provisions of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended and
SEBI (ICDR) Regulations, 2018 in respect of corporate governance will be applicable to our
Company immediately upon the listing of our Company's Equity Shares on Stock Exchanges.
The requirements pertaining to constitution of the committees such as the Audit Committee,
Stakeholders Relationship Committee and Nomination and Remuneration Committees have been
complied with. Our Board undertakes to take all necessary steps to continue to comply with
all the requirements of Listing Regulations and the Companies Act, 2013.
Our Board has been constituted in compliance with the Companies Act, 2013 and in
accordance with the best practices in corporate governance. Our Board functions either as
a full board or through various committees constituted to oversee specific operational
areas. The executive management provides our Board detailed reports on its performance
periodically.
Our Board of Directors consist of Six (6) Directors including One (1) women director
Two (2) Independent Directors on the Board. The constitution of our Board is in compliance
with the provisions of section 149 of the Companies Act, 2013.
Our Company has constituted the following committees:
1. Audit Committee
Our Company has formed an Audit Committee, vide Board Resolution dated September 20,
2025 as per the applicable provisions of the Section 177 of the Companies Act, 2013 read
with rule 6 of the companies (Meeting of board and its power) Rules, 2014 and Regulation
18 of SEBI Listing Regulations. The Audit Committee comprises following members:
Name of the Director |
Status in Committee |
Nature of Directorship |
Niranjan Ramakant Kolhe |
Chairman |
Independent Director |
Rajendra Hunajirao Talele |
Member |
Independent Director |
Umakant Savadekar |
Member |
Managing Director |
The Company Secretary of the Company shall act as a Secretary to the Audit Committee.
The Chairman of the Audit Committee shall attend the Annual General Meeting of the Company
to furnish clarifications to the shareholders on any matter relating to accounts. The
scope and function of the Audit Committee and its terms of reference shall include the
following:
A. Tenure of the committee:
The Audit Committee shall continue to be in function as a committee of the Board until
otherwise resolved by the Board, to carry out the functions of the Audit Committee as
approved by the Board.
B. Meetings of the Committee:
The committee shall meet at least four times in a year and not more than one hundred
and twenty days shall elapse between any two meetings. The quorum for the meeting shall be
either two members or one third of the members of the committee, whichever is higher but
there shall be presence of two Independent Directors at each meeting.
C. Power of the Committee:
The Audit Committee shall have powers, including the following:
a) to investigate any activity within its terms of reference;
b) to seek information from any employee;
c) to obtain outside legal or other professional advice;
d) to secure attendance of outsiders with relevant expertise, if it considers necessary
as may be prescribed under the Companies Act, 2013 (together with the rules thereunder)
and SEBI Listing Regulations; and
e) To have full access to information contained in records of Company.
D. Role of the Committee:
The Role of Audit Committee together with its powers as per Part C of Schedule II of
SEBI Listing Regulation and Companies Act, 2013 shall be as under:
The role of the Audit Committee shall include the following:
1) Overseeing the Company's financial reporting process and disclosure of its financial
information to ensure that its financial statements are correct, sufficient and credible;
2) Recommending to the Board for the appointment, re-appointment, replacement,
remuneration and terms of appointment of the statutory auditors of the Company;
3) Reviewing and monitoring the statutory auditor's independence and performance, and
effectiveness of audit process;
4) Approving payments to the statutory auditors for any other services rendered by the
statutory auditors;
5) Reviewing, with the management, the annual financial statements and auditor's report
thereon before submission to the Board for approval, with particular reference to:
a. Matters required to be included in the Director's Responsibility Statement to be
included in the Board's report in terms of clause (c) of sub-section 3 of Section 134 of
the Companies Act;
b. Changes, if any, in accounting policies and practices and reasons for the same;
c. Major accounting entries involving estimates based on the exercise of judgment by
management;
d. Significant adjustments made in the financial statements arising out of audit
findings;
e. Compliance with listing and other legal requirements relating to financial
statements;
f. Disclosure of any related party transactions; and
g. Qualifications and modified opinions in the draft audit report.
6) Reviewing, with the management, the quarterly, half-yearly and annual financial
statements before submission to the Board for approval;
7) Reviewing, with the management, the statement of uses/ application of funds raised
through an issue (public issue, rights issue, preferential issue, etc.), the statement of
funds utilized for purposes other than those stated in the offer document/ prospectus/
notice and the report submitted by the monitoring agency monitoring the utilization of
proceeds of a public or rights issue, and making appropriate recommendations to the Board
to take up steps in this matter. This also includes monitoring the use/application of the
funds raised through the proposed initial public offer by the Company;
8) Approval or any subsequent modifications of transactions of the Company with related
parties and omnibus approval for related party transactions proposed to be entered into by
the Company subject to such conditions as may be prescribed;
9) Scrutiny of inter-corporate loans and investments;
10) Valuation of undertakings or assets of the Company, wherever it is necessary;
11) Evaluation of internal financial controls and risk management systems;
12) Establishing a vigil mechanism for directors and employees to report their genuine
concerns or grievances;
13) Reviewing, with the management, the performance of statutory and internal auditors,
and adequacy of the internal control systems;
14) Reviewing the adequacy of internal audit function if any, including the structure
of the internal audit department, staffing and seniority of the official heading the
department, reporting structure coverage and frequency of internal audit;
15) Discussing with internal auditors on any significant findings and follow up
thereon;
16) Reviewing the findings of any internal investigations by the internal auditors into
matters where there is suspected fraud or irregularity or a failure of internal control
systems of a material nature and reporting the matter to the Board;
17) Discussing with statutory auditors before the audit commences, about the nature and
scope of audit as well as postaudit discussion to ascertain any area of concern;
18) Looking into the reasons for substantial defaults in the payment to the depositors,
debenture holders, shareholders (in case of non-payment of declared dividends) and
creditors;
19) Reviewing the functioning of the whistle blower mechanism;
20) Approving the appointment of the chief financial officer or any other person
heading the finance function or discharging that function after assessing the
qualifications, experience and background, etc. of the candidate;
21) Reviewing the utilization of loans and/ or advances from/investment by the holding
company in any subsidiary exceeding Rs.1,000 million or 10% of the asset size of the
subsidiary, whichever is lower including existing loans / advances / investments;
22) Considering and commenting on the rationale, cost-benefits and impact of schemes
involving merger, demerger, amalgamation etc., on the Company and its shareholders;
23) Such roles as may be delegated by the Board and/or prescribed under the Companies
Act, 2013 and SEBI Listing Regulations or other applicable law; and
24) Carrying out any other functions as is mentioned in the terms of reference of the
audit committee or containing into SEBI (LODR) Regulations 2015.
Further, the Audit Committee shall mandatorily review the following information:
1) Management's discussion and analysis of financial condition and results of
operations;
2) statement of significant related party transactions (as defined by the audit
committee), submitted by management;
3) management letters / letters of internal control weaknesses issued by the statutory
auditors;
4) internal audit reports relating to internal control weaknesses;
5) the appointment, removal and terms of remuneration of the chief internal auditor
shall be subject to review by the audit committee; and
6) statement of deviations:
a. quarterly statement of deviation(s) including report of monitoring agency, if
applicable, submitted to stock exchange(s) in terms of Regulation 32(1) of the SEBI ICDR
Regulations;
b. Annual statement of funds utilized for purposes other than those stated in the offer
document/prospectus/notice in terms of Regulation 32(7) of the SEBI ICDR Regulations.
2. Nomination and Remuneration Committee
Our Company has formed a Nomination and Remuneration Committee vide Board Resolution
dated September 20, 2025 as per the applicable provisions of the Schedule V and other
applicable provisions of the Companies Act, 2013 read with rule 6 of the companies
(Meeting of board and its power) rules, 2014 and Regulation 19 of SEBI Listing
Regulations. The Nomination and Remuneration Committee comprises following members:
Name of the Director |
Status in Committee |
Nature of Directorship |
Niranjan Ramakant Kolhe |
Chairman |
Independent Director |
Rajendra Hunajirao Talele |
Member |
Independent Director |
Nivrutti Sonu Savdekar |
Member |
Non- Executive Director |
The scope and function of the Committee and its terms of reference shall include the
following:
A. Tenure of the committee:
The Nomination and Remuneration Committee shall continue to be in function as a
committee of the Board until otherwise resolved by the Board.
B. Meetings of the committee:
The committee shall meet as and when the need arises, subject to at least one meeting
in a year. The quorum for the meeting shall be one third of the total strength of the
committee or two members, whichever is greater, including at least one independent
director in attendance.
C. Scope and terms of reference:
The terms of reference of the Nomination and Remuneration Committee as per Regulation
19 and Part D of Schedule II
of SEBI Listing Regulations and Companies Act, 2013 shall be as under:
1) formulating the criteria for determining qualifications, positive attributes and
independence of a director and recommend to the Board a policy relating to the
remuneration of the directors, key managerial personnel and other employees;
2) For the appointment of an independent director, the committee shall evaluate the
balance of skills, knowledge and experience on the Board and on the basis of such
evaluation, prepare a description of the role and capabilities required of an independent
director. The person recommended to the board of directors of the Company for appointment
as an independent director shall have the capabilities identified in such description. For
the purpose of identifying suitable candidates, the Committee may:
a. use the services of external agencies, if required;
b. consider candidates from a wide range of backgrounds, having due regard to
diversity; and
c. Consider the time commitments of the candidates.
3) formulation of criteria for evaluation of the performance of independent directors
and the Board;
4) devising a policy on diversity of our Board;
5) identifying persons, who are qualified to become directors or who may be appointed
in senior management in accordance with the criteria laid down, recommending to the Board
their appointment and removal and carrying out evaluation of every director's performance;
6) determining whether to extend or continue the term of appointment of the independent
director, on the basis of the report of performance evaluation of independent directors;
7) recommending remuneration of executive directors and any increase therein from time
to time within the limit approved by the members of our Company;
8) recommending remuneration to non-executive directors in the form of sitting fees for
attending meetings of the Board and its committees, remuneration for other services,
commission on profits;
9) recommending to the Board, all remuneration, in whatever form, payable to senior
management;
10) performing such functions as are required to be performed by the compensation
committee under the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations,
2021, as amended;
11) engaging the services of any consultant/professional or other agency for the
purpose of recommending compensation structure/policy;
12) analyzing, monitoring and reviewing various human resource and compensation
matters;
13) reviewing and approving compensation strategy from time to time in the context of
the then current Indian market in accordance with applicable laws;
14) framing suitable policies and systems to ensure that there is no violation, by an
employee of any applicable laws in India or overseas, including:
a. The SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended; or
b. The SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to the
Securities Market) Regulations, 2003, as amended; and
15) Performing such other functions as may be delegated by the Board and/or prescribed
under the SEBI Listing Regulations, Companies Act, each as amended or other applicable
law.
3. Stakeholders Relationship Committee
Our Company at its Board Meeting held on September 20, 2025 has approved the
constitution of the Stakeholders Relationship Committee in compliance with the provisions
of the Section 178(5) and all other applicable provisions of the Companies Act, 2013 read
with the Rules framed thereunder and Regulation 20 of Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The constituted
Stakeholders Relationship Committee comprises the following:
Name of the Director |
Status in Committee |
Nature of Directorship |
Vijaya Nivrutti Savdekar |
Chairperson |
Non-Executive Director |
Niranjan Ramakant Kolhe |
Member |
Independent Director |
Ulka Umakant Savadekar |
Member |
Whole time Director |
The Company Secretary of our Company shall act as a Secretary to the Stakeholder
Relationship Committee. The scope and
function of the Stakeholder Relationship Committee and its terms of reference shall
include the following:
B. Tenure: The Stakeholder Relationship Committee shall continue to be in function
as a committee of the Board until otherwise resolved by the Board, to carry out the
functions of the Stakeholder Relationship Committee as approved by the Board.
C. Meetings: The Stakeholder Relationship Committee shall meet at least once in a
year, and shall report to the Board on a quarterly basis regarding the status of redressal
of the complaints received from the shareholders of the Company. The quorum for the
meeting shall be one third of the total strength of the committee or two members,
whichever is higher.
D. Scope and terms of reference: The terms of reference of the Stakeholders
Relationship Committee as per Regulation 20 and Part D of Schedule II of SEBI Listing
Regulations, 2015 and Companies Act, 2013 shall be as under:
1. Resolving the grievances of the security holders of the listed entity including
complaints related to transfer/transmission of shares, non-receipt of annual report,
non-receipt of declared dividends, issue of new/duplicate certificates, general meetings
etc.;
2. Review of measures taken for effective exercise of voting rights by shareholders;
3. Review of adherence to the service standards adopted by the listed entity in respect
of various services being rendered by the Registrar & Share Transfer Agent;
4. Review of the various measures and initiatives taken by the listed entity for
reducing the quantum of unclaimed dividends and ensuring timely receipt of dividend
warrants/ annual reports/ statutory notices by the shareholders of the company;
5. Allotment, transfer of shares including transmission, splitting of shares, changing
joint holding into single holding and vice versa, issue of duplicate shares in lieu of
those torn, destroyed, lost or defaced or where the space at back for recording transfers
have been fully utilized;
6. Formulation of procedures in line with the statutory guidelines to ensure speedy
disposal of various requests received from shareholders from time to time;
7. To issue duplicate share or other security(ies) certificate(s) in lieu of the
original share/security(ies) certificate(s) of the Company.;
8. Non-receipt of share certificate(s), non-receipt of declared dividends, non-receipt
of interest/ dividend warrants, nonreceipt of annual report and any other grievance/
complaints with Company or any officer of the Company arising out in discharge of his
duties;
9. Oversee the performance of the Registrar & Share Transfer Agent and also review
and take note of complaints directly received and resolved them;
10. Oversee the implementation and compliance of the Code of Conduct adopted by the
Company for prevention of Insider Trading for Listed Companies as specified in the
Securities & Exchange Board of India (Prohibition of insider Trading) Regulations,
2015 as amended from time to time;
11. Any other power specifically assigned by the Board of Directors of the Company from
time to time by way of resolution passed by it in a duly conducted Meeting; and
12. Such roles as may be delegated by the Board and/ or prescribed under the Companies
Act, 2013 and SEBI Listing Regulations or other applicable law.
Policy on Disclosures & Internal procedure for prevention of Insider Trading:
The provisions of Regulation 8 and 9 of the Securities and Exchange Board of India
(Prohibition of Insider Trading) Regulations, 2015 will be applicable to our Company
immediately upon the listing of its Equity Shares on the Stock Exchange. We shall comply
with the requirements of the Securities and Exchange Board of India (Prohibition of
Insider Trading) Regulations, 2015 on listing of our Equity Shares on stock exchange.
Further, Board of Directors have approved and adopted in Board meeting held on September
26, 2025 the policy on insider trading in view of the proposed public issue. Our Board is
responsible for setting forth policies, procedures, monitoring and adherence to the rules
for the preservation of price sensitive information and the implementation of the Code of
Conduct for Prevention of Insider Trading conduct under the overall supervision of the
Board.
KEY MANAGERIAL PERSONNEL & SENIOR MANAGEMENT
Our Company is supported by a team of professionals having exposure to various
operational aspects of our business. A brief detail about the Key Managerial Personnel
& Senior Management of our Company is provided below:
Name, Designation, Educational Qualification & Term of office |
Age (years) |
Year/ period of joining |
Compensation paid for F.Y. ended 2024-25 (Rs. in Lakhs) |
Overall experience |
Previous employment |
Umakant Savadekar Designation: Chairman and Managing
Director Educational Qualification: Master of Technology (Nano science &
Technology) and Bachelor of Engineering (Mechanical Engineering) |
48 |
2013 |
18.00 |
20 years |
- |
Term of office: For consecutive 3 years commencing from August
30, 2025 up to August 30, 2028 |
|
|
|
|
|
Name, Designation, Educational Qualification & Term of office |
Age (years) |
Year/ period of joining |
Compensation paid for F.Y. ended 2024-25 (Rs. in Lakhs) |
Overall experience |
Previous employment |
Ulka Umakant Savadekar Designation: Whole Time Director and CFO
Educational Qualification: Master of Business Administration, Bachelor of Commerce,
Diploma in electrical engineering Term of office: For consecutive 3 years
commencing from August 30, 2025 up to August 30, 2028 |
46 |
2013 |
9.00 |
12 years |
- |
Pooja Sharma Designation: Company Secretary and
Compliance Officer Educational Qualification- Company Secretary and Law Graduate |
33 |
2025 |
Nil |
2 Years |
Namdhari Seeds Private Limited |
Vishwas Keshav Purohit Designation: Senior Manager Educational
Qualification- Higher secondary |
33 |
2016 |
3.64 |
9 Years |
- |
Amol Nandu Palaskar Designation: Accounts executive Educational
Qualification- Bachelors of Commerce (Honours) |
54 |
2018 |
3.60 |
7 Years |
- |
BRIEF PROFILE OF KEY MANAGERIAL PERSONNEL Key Managerial Personnel
Umakant Savadekar - Please refer to section "Brief Profile of our
Directors" beginning on page 144 of this Draft Red Herring Prospectus for
details.
Ulka Umakant Savadekar - Please refer to section "Brief Profile of our
Directors" beginning on page 144 of this Draft Red Herring Prospectus for
details.
Nivrutti Sonu Savdekar - Please refer to section "Brief Profile of our
Directors" beginning on page 144 of this Draft Red Herring Prospectus for
details.
Vijaya Nivrutti Savdekar - Please refer to section "Brief Profile of our
Directors" beginning on page 144 of this Draft Red Herring Prospectus for
details.
Pooja Sharma is the Company Secretary and Compliance Officer of our Company. She is
a qualified Company Secretary and an associate member of the Institute of Company
Secretaries of India from the year 2019. She is currently responsible for the overall
Corporate Governance and secretarial Compliances of our Company
Senior Management Personnel
Vishwas Keshav Purohit is the Senior Manager of our Company. He has completed his
Higher secondary education from Maharashtra State Board of Secondary in the Year 1989. He
has been associated with the company since 2016 and has over 9 years of experience in the
rotomoulding industry. He is responsible for sales and marketing activities and overall
operational processes of the company.
Amol Nandu Palaskar is the Accounts executive of our Company. He has completed his
Bachelors of Commerce (Honours) from University of Pune, in the Year 2013. He has been
associated with the company since 2018 and has over 7 years of experience in the field of
rotomoulding industry. He is responsible for Finance management, Payroll processing and
vendor payments of the company.
We confirm that:
a. All the persons named as our Key Managerial Personnel and Senior Management above
are the permanent employees of our Company.
b. There is no understanding with major shareholders, customers, suppliers or any
others pursuant to which any of the above-mentioned Key Managerial Personnel and Senior
Management have been recruited.
c. None of our KMPs except Umakant Savadekar and Ulka Umakant Savadekar are also part
of the Board of Directors.
d. In respect of all above mentioned Key Managerial Personnel and Senior Management
there has been no contingent or deferred compensation accrued for the financial year ended
March 31, 2025.
e. Except for the terms set forth in the appointment letters, the Key Managerial
Personnel and Senior Management have not entered into any other contractual arrangements
or service contracts (including retirement and termination benefits) with the issuer.
f. Our Company does not have any bonus/ profit sharing plan for any of the Key
Managerial Personnel and Senior Management.
g. None of the Key Managerial Personnel and Senior Management hold any shares of our
Company as on the date of filing of this Draft Red Herring Prospectus except as under:
Sr. No. |
Name of the KMP's |
No. of Shares held |
1. |
Umakant Savadekar |
38,45,400 |
2. |
Ulka Umakant Savadekar |
26,39,000 |
|
Total |
64,84,400 |
h. Presently, we do not have Employee Stock Option Plan (ESOP)/ Employee Stock Purchase
Scheme (ESPS) for our employees.
i. The turnover of KMPs is not high, compared to the Industry to which our company
belongs.
Nature of any family relationship between Key Managerial Personnel (KMP) & and
Senior Management
Except as stated below, none of our KMP's, and Senior Management are related to each
other.
Sr. No. |
Name of the Director/ KMP |
Relationship with other Directors/ KMPs |
1 |
Umakant Savadekar |
Husband of Ulka Umakant Savadekar Son of Nivrutti Sonu Savdekar and
Vijaya Nivrutti Savdekar |
2 |
Ulka Umakant Savadekar |
Wife of Umakant Savadekar |
3 |
Nivrutti Sonu Savdekar |
Father of Umakant Savadekar Husband of Vijaya Nivrutti Savdekar |
4 |
Vijaya Nivrutti Savdekar |
Mother of Umakant Savadekar Wife of Nivrutti Sonu Savdekar |
Payment of benefits to officers of Our Company (non-salary related)
Except as disclosed in this Draft Red Herring Prospectus and any statutory payments
made by our Company to its officers, our Company has not paid any sum, any non-salary
related amount or benefit to any of its officers or to its employees including amounts
towards super-annuation, ex-gratia/ rewards.
Except statutory benefits upon termination of employment in our Company or
superannuation, no officer of our Company is entitled to any benefit upon termination of
such officer's employment in our Company or superannuation. Contributions are made by our
Company towards the Provident fund, Gratuity fund and Employee State Insurance.
Changes in the Key Managerial Personnel or Senior Management Personnel in last three
years:
There have been no changes in the Key Managerial Personnel or Senior Management
Personnel of our Company during the last 3 (three) year except as stated below:
Sr. No |
Name of Directors/ KMP's/SMP |
Designation and period |
Appointment/ Cessation/ Redesignation |
Reasons |
1. |
Umakant Savadekar |
Re-designated as Chairman and Managing Director of the Company w.e.f.
August 30, 2025 |
Re-designation |
To comply with the provisions of the Companies Act, 2013
and to ensure better Corporate Governance |
2. |
Ulka Umakant Savadekar |
Re-designated as Whole time Director and CFO of the Company w.e.f.
August 30, 2025 |
Re-designation |
3. |
Pooja Sharma |
Appointed as Company Secretary and Compliance Officer w.e.f. September
19, 2025 |
Appointment |
Interest of our Key Managerial Personnel and Senior Managerial Personnel
Apart to the extent of remuneration allowed and reimbursement of expenses incurred by
them for or on behalf of the Company, none of our Key Managerial Personal and Senior
Managerial Personnel are interested in our Company. For details, please refer section
titled "Financial information of the Company - Annexure AC - Related Party
Transactions" beginning on page 211 of this Draft Red Herring Prospectus.
Details of the Service Contracts with the Key Managerial Personnel and Senior
Managerial Personnel
Except for the terms set forth in the appointment letters, the Key Managerial Personnel
and Senior Managerial Personnel have not entered into any other contractual arrangements
with our Company for provision of benefits or payments of any amount upon termination of
employment.
Loans given/ availed by Directors/ Key Managerial Personnel and Senior Managerial
Personnel of our Company
For details of unsecured loan taken from or given to our Directors/ KMPs/ SMPs and for
details of transaction entered by them in the past please refer to "Annexure AC
- Related Party Transactions" page 211 of this Draft Red Herring Prospectus.
Employee Stock Option Plan ('ESOP')/ employee stock purchase scheme (‘ESPS
Scheme') to Employees
Presently, we do not have any ESOP/ ESPS Scheme for our employees.
OUR PROMOTERS & PROMOTER GROUP
A. OUR PROMOTERS:
The Promoters of our Company are:
1. Umakant Savadekar
2. Ulka Umakant Savadekar
3. Nivrutti Sonu Savdekar
4. Vijaya Nivrutti Savdekar
As on date of this Draft Red Herring Prospectus, our Promoters, in aggregate, hold
67,85,922 Equity shares of face value of Rs.10/- each of our Company, representing 90% of
the pre-issue paid-up Equity Share capital of our Company. For details of the build-up of
the Promoters' shareholding in our Company, see "Capital Structure - History of
the Equity Share Capital held by our Promoters", on pages 67 of this Draft
Red Herring Prospectus.
Brief Profile of our Promoters are as under:
Umakant Savadekar- Chairman and Managing Director Umakant
Savadekar, aged 48 years, is one of our Promoters and is also the Chairman and Managing
Director on our Board. For further details, i.e., his date of birth, residential address,
educational qualifications, experience in business, business and financial activities,
positions/posts held in the past and other directorships, see "Our Management
-Brief profile of Directors" on page 144 . |
Other ventures of our Promoters - Except as mentioned below and
as set out in the chapter titled ‘Our Management', our Promoters are
not involved with any other venture, as a shareholder/ stakeholder, proprietor, partner,
promoters or director. |
Partnership: 1. M/s Alkemy India |
| His permanent account number is AWRPS7347B. |
| For details of his shareholding, please see "Capital
Structure" on page 62. Ulka Umakant Savadekar -Whole-Time Director and CFO
Ulka Umakant Savadekar, aged 46 years, is one of our Promoters and is also the Whole-Time
Director and CFO on our Board. For further details, i.e., his date of birth, residential
address, educational qualifications, experience in business or employment, business and
financial activities, positions/posts held in the past and other directorships, see "Our
Management -Brief profile of Directors" on page 144. |
Other ventures of our Promoters - Except as mentioned below and
as set out in the chapter titled ‘Our Management', our Promoters are
not involved with any other venture, as a shareholder/ stakeholder, proprietor, partner,
promoters or director. |
Partnership: 1. M/s Alkemy India |
| His permanent account number is BPCPSd79iSK. |
| For details of his shareholding, please see "Capital
Structure" on page 62. |
Nivrutti Sonu Savdekar-Non-executive Director |
| Nivrutti Sonu Savdekar, aged 82 years, is one of our Promoters and is
also the Non-executive Director on our Board. For further details, i.e., his date of
birth, residential address, educational qualifications, experience in business or
employment, business and financial activities, special achievements, positions/posts held
in the past and other directorships, see "Our Management - Brief profile of
Directors" on page 144. |
Other ventures of our Promoters - Except as set out in the
chapter titled ‘Our Management', our Promoters are not involved with
any other venture, as a shareholder/ stakeholder, proprietor, partner, promoters or
director. |
| His permanent account number is ACVPS3464P. |
| For details of his shareholding, please see "Capital
Structure" on page 62 |
Vijaya Nivrutti Savdekar- Non-executive Director |
| Vijaya Nivrutti Savdekar, aged 76 years, is one of our Promoters and is
also the Non-executive Director on our Board. For further details, i.e., his date of
birth, residential address, educational qualifications, experience in business or
employment, business and financial activities, special achievements, positions/posts held
in the past and other directorships, see "Our Management - Brief profile of
Directors" on page 144. |
Other ventures of our Promoters - Except as set out in the
chapter titled ‘Our Management', our Promoters are not involved with
any other venture, as a shareholder/ stakeholder, proprietor, partner, promoters or
director. |
| His permanent account number is ABYPS9619J. |
| For details of his shareholding, please see "Capital
Structure" on page 62 |
Confirmations/ Declarations:
In relation to our Promoters, our Company confirms that the PAN, Bank Account Numbers,
Passport Number, Aadhaar Card
Number and Driving License number shall be submitted to BSE at the time of filing of
this Draft Red Herring Prospectus.
Undertaking/ Confirmations:
None of our Promoters or Promoter Group or Group Companies or person in control of our
Company have been:
-Prohibited or debarred from accessing or operating in the capital market or restrained
from buying, selling or dealing in securities under any order or direction passed by SEBI
or any other authority or
-Refused listing of any of the securities issued by such entity by any stock exchange,
in India or abroad.
-No material regulatory or disciplinary action is taken by any stock exchange or
regulatory authority in the past one year in respect of our Promoters, Group Companies and
Companies promoted by the promoters of our company.
-There are no defaults in respect of payment of interest and principal to the
debenture/ bond/ fixed deposit holders, banks, FIs by our Company, our Promoters, Group
Companies and Companies promoted by the promoters during the past three years.
-Our Company or any of our Promoters or Group Companies or Directors are not declared
as ‘Wilful Defaulter' or ‘Fraudulent Borrower' by the lending banks or financial
institution or consortium, in terms of RBI master circular dated July 01, 2016.
-The litigation record, the nature of litigation, and status of litigation of our
Company, Promoters, Group companies and Companies promoted by the Promoters are disclosed
in chapter titled "Outstanding Litigations and Material Developments" beginning
on page 240 of this Draft Red Herring Prospectus.
-None of our Promoters, person in control of our Company are or have ever been a
promoter, director or person in control of any other company which is debarred from
accessing the capital markets under any order or direction passed by the SEBI or any other
authority.
Interest of our Promoters:
i. Interest in promotion and shareholding of Our Company:
Our Promoters are interested in the promotion of our Company and also to the extent of
their shareholding and shareholding of their relatives, from time to time, for which they
are entitled to receive dividend payable, if any, and other distribution in respect of the
Equity Shares held by them and their relatives. As on the date of this Draft Red Herring
Prospectus, our Promoters, Umakant Savadekar, Ulka Umakant Savadekar, Nivrutti Sonu
Savdekar and Vijaya Nivrutti Savdekar collectively hold 67,85,922 Equity Shares of face
value of Rs.10/- each in our Company i.e., 90.00% of the pre issue paid up Equity Share
Capital of our Company. Our Promoters may also be deemed to be interested to the extent of
the remuneration, as per the terms of their appointment and reimbursement of expenses
payable to them and unsecured loan taken from them, if any. For details, please refer to "Annexure
AC- Related Party Transactions " beginning on page 211 of this Draft Red
Herring Prospectus.
For details regarding the shareholding of our Promoters in our Company, please see "Capital
Structure" on page 62 of this Draft Red Herring Prospectus.
ii. Interest in the property of Our Company:
Except for the as stated below our Promoters do not have any other interest in any
property acquired by our Company in a period of two years before filing of this Draft Red
Herring Prospectus or proposed to be acquired by us as on date of this Draft Red Herring
Prospectus:
1. Our Registered Office and factory situated at Gat No. 172, at Post - Khatwad, Tal -
Dindori, Khatwad, Nashik, Dindori, Maharashtra, India, 422004 is taken on lease vide lease
deed dated November 06, 2015 from our Promoter, Ulka Umakant Savadekar.
iii. In transactions for acquisition of land, construction of building and supply
of machinery
None of our Promoters are interested in any transaction for the acquisition of land,
construction of building or supply of machinery.
iv. Other Interests in our Company
For transactions in respect of loans and other monetary transactions entered in past
please refer Annexure AC on "Related Party Transactions" on
page 211 forming part of "Financial Information of the Company" of
this Draft Red Herring Prospectus.
Payment or Benefits to our Promoters and Promoter Group during the last 2 years:
For details of payments or benefits paid to our Promoters and promoter group, please
refer to the paragraph "Compensation of our Directors" in the
chapter titled "Our Management" beginning on page 146 also refer Annecure
AC "Related Party Transactions" on page 211 forming part of "Financial
Information of the Company" and Paragraph on "Interest of our
Promoters" in chapter titled "Our Promoters and Promoter Group'
on page 159 of this Draft Red Herring Prospectus.
Companies/ Firms with which our Promoters have disassociated in the last (3) three
years:
Our promoters have not disassociated themselves from any of the Company, Firms or other
entities during the last three years preceding the date of this Draft Red Herring
Prospectus.
Other ventures of our Promoters:
Save and except as disclosed in this section titled "Our Promoters &
Promoter Group" beginning on page 157 of this Draft Red Herring Prospectus,
there are no ventures promoted by our Promoters in which they have any business interests/
other interests.
Litigation details pertaining to our Promoters:
For details on litigations and disputes pending against the Promoters and defaults made
by the Promoters please refer to the section titled "Outstanding Litigations
and Material Developments''" beginning on page 240 of this Draft Red Herring
Prospectus.
Material Guarantees:
Except as stated in the "Statement of financial indebtedness" and
"Restated financial information" of the company beginning on page
224 and 164 of this Draft Red Herring Prospectus respectively, our Promoters have not
given any material guarantee to any third party with respect to the Equity Shares as on
the date of this Draft Red Herring Prospectus.
Experience of Promoters in the line of business:
Our Promoter, Umakant Savadekar holds an experience of around 20 years in the roto
moulding industry and our promoters Ulka Umakant Savadekar, Nivrutti Sonu Savdekar and
Vijaya Nivrutti Savdekar have an overall experience of around 12 years each in the roto
moulding industry. The Company shall also endeavour to ensure that relevant professional
help is sought as and when required in the future.
Related Party Transactions:
Except as stated in "Annexure AC- Related Party Transactions"
beginning on page 211168 of this Draft Red Herring Prospectus, and as stated therein, our
Promoters or any of the Promoter Group Entities do not have any other interest in our
business.
B. OUR PROMOTER GROUP
In addition to the Promoters named above, the following natural persons are part of our
Promoter Group:
(a) Natural persons i.e., an immediate relative of the promoters
As per Regulation 2(1) (pp) (ii) of the SEBI (ICDR) Regulations, 2018, the Natural
persons who are part of the Promoter Group (due to their relationship with the Promoters)
are as follows:
Relationship |
Name of the Relatives |
| Umakant Savadekar |
Ulka Umakant Savadekar |
Nivrutti Sonu Savdekar |
Vijaya Nivrutti Savdekar |
Father |
Nivrutti Sonu Savadekar |
Prakash Hari Attarde |
Sonu Jayram Savadekar |
Tukaram Lalji Khadake |
Mother |
Vijaya Nivrutti Savadekar |
Rajani Prakash Attarde |
Tulsabai Sonu Savadekar |
Laxmibai Tukaram Khadake |
Spouse |
Ulka Umakant Savadekar |
Umakant Savadekar |
Vijaya Nivrutti Savdekar |
Nivrutti Sonu Savdekar |
Brother |
|
Chandrashekhar Prakash Attarde |
Dhanraj Sonu Savadekar |
Chabidas T Khadke |
| Sandip Prakash Attarde |
Tukaram Sonu Savadekar |
Sudhir Tukaram Khadke |
| - |
- |
Dhananjay Tukaram Khadke |
Relationship |
Name of the Relatives |
| Umakant Savadekar |
Ulka Umakant Savadekar |
Nivrutti Sonu Savdekar |
Vijaya Nivrutti Savdekar |
|
|
|
|
Nandu Tukaram Khadke |
| Rupchand Tukaram Khadke |
Sister |
Vidya Anil Patil |
Sonali Attarde |
Manjurabai D Kale |
Indubai Shamrao Dhake |
| Sandya Devendra Zope |
|
|
Shindu Bhoju Narakhede |
| Sangita Rajesh Patil |
Shashikala Dinkar Chaudhari |
| - |
Alka Mahajan |
Son |
- |
- |
Umakant Savadekar |
Umakant Savadekar |
Daughter |
Saee Umakant Savadekar |
Saee Umakant Savadekar |
Vidya Anil Patil |
Vidya Anil Patil |
| Garge Umakant Savadekar |
Garge Umakant Savadekar |
Sandya Devendra Zope |
Sandya Devendra Zope |
| - |
- |
Sangita Rajesh Patil |
Sangita Rajesh Patil |
Spouse's Father |
Prakash Hari Attarde |
Nivrutti Sonu Savdekar |
Tukaram Lalji Khadake |
Sonu Jayram Savadekar |
Spouse's Mother |
Rajani Prakash Attarde |
Vijaya Nivrutti Savdekar |
Laxmibai Tukaram Khadake |
Tulsabai Sonu Savadekar |
Spouse's Brother |
Chandrashekhar Prakash Attarde |
|
Chabidas T Khadke |
Dhanraj Sonu Savadekar |
| Sandip Attarde |
Sudhir Tukaram Khadke |
Tukaram Sonu Savadekar |
|
Dhananjay Tukaram Khadke |
|
| Nandu Tukaram Khadke |
| Rupchand Tukaram Khadke |
Spouse's Sister |
Sonali Prakash Attarde |
Vidya Anil Patil |
Indubai Shamrao Dhake |
Manjurabai D Kale |
|
Sandya Devendra Zope |
Shindu Bhoju Narakhede |
|
| Sangita Rajesh Patil |
Shashikala Dinkar Chaudhari |
| - |
Alka Mahajan |
161
(b) Corporate Entities or Firms forming part of the Promoter Group:
As per Regulation 2(1)(pp)(iv) of the SEBI (ICDR) Regulations, 2018, the following
entities would form part of our Promoter Group:
S. No. Nature of Relationship |
Name of Entities |
A. Any Body Corporate in which 20% or more of the Equity Share Capital
is held by Promoter or an immediate relative of the Promoter or a firm or Hindu Undivided
Family (HUF) in which Promoter or any one or more of his immediate relatives are a member. |
1. Heera Roto Compounds Private Limited |
B. Any Body Corporate in which a body corporate as provided in (A)
above holds twenty per cent or more, of the equity share capital. |
Nil |
C. Any Hindu Undivided Family or firm in which the aggregate share of
the promoter and their relatives is equal to or more than twenty per cent of the total
capital. |
Partnership: 1. M/s Alkemy India |
DIVIDEND POLICY
Under the Companies Act, 2013, our Company can pay dividends upon a recommendation by
its Board of Directors and approval by a majority of the shareholders at the General
Meeting and as per provisions of Articles of Association of our Company. The shareholders
of the Company have the right to decrease but not to increase the amount of dividend
recommended by the Board of Directors. The dividends may be paid out of profits of our
Company in the year in which the dividend is declared or out of the undistributed profits
or reserves of previous fiscal years or out of both.
The Articles of Association of our Company also gives the discretion to our Board of
Directors to declare and pay interim dividends. No dividend shall be payable for any
financial year except out of profits of our Company for that year or that of any previous
financial year or years, which shall be arrived at after providing for depreciation in
accordance with the provisions of Companies Act, 2013. All Dividends upon recommendation
by our Board of Directors and approved by the shareholders at the General Meeting will be
paid to credit of registered shareholders by way of cheque or warrant or in any electronic
mode.
Our Company have a formal dividend policy for declaration of dividend in respect of
Equity shares. The declaration and payment of dividend will be recommended by our Board of
Directors and approved by the shareholders of our Company at their discretion and will
depend on a number of factors, including the results of operations, earnings, capital
requirements and surplus, general financial conditions, applicable Indian legal
restrictions and other factors considered relevant by our Board of Directors.
Our Company has not declared any dividend on the Equity Shares in the last three
financial years. Our Company's corporate actions pertaining to payment of dividends in the
past are not to be taken as being indicative of the payment of dividends by our Company in
the future.
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