To The Members, Garodia Chemicals Limited
Address: 149/156, Garodia Shopping Centre,
Garodia Nagar, Ghatkopar (East), Mumbai, Maharashtra, India 400077.
Your directors have the pleasure of presenting the 33rd Annual Report of the
Company together with the Audited Statement of Accounts for the year ended March 31, 2025.
1. FINANCIAL SUMMARY & OPERATIONAL HIGHLIGHTS:
a) Financial Results
The Company's standalone performance during the year ended March 31, 2025, as compared
to the previous financial year, is summarized below:
(Amount in Rupees)
| Particulars |
2024-2025 |
2023-2024 |
| Total Income |
- |
75 |
| Less Expenses |
- |
13,10,984 |
| Profit & (Loss) before extraordinary items & |
(20,76,622) |
(13,10,909) |
| Tax |
|
|
| Exception and Extraordinary items |
- |
- |
| Profit & (Loss) before Tax |
- |
- |
| Less: Tax expense |
- |
- |
| Profit/Loss after tax |
(20,76,622) |
(13,10,909) |
| APPROPRIATION: |
|
|
| Interim Dividend |
- |
- |
| Final Dividend |
- |
- |
| Tax on distribution of dividend |
- |
- |
| Transfer of General Reserve |
- |
- |
| Balance carried to Balance sheet |
(20,76,622) |
(13,10,909) |
b) Company's performance:
The Company summary of standalone results are given below:
During the Financial Year ended March 31, 2025, the Company's total Revenue from
operations is INR 0/- as against INR 75 /- in the corresponding previous Financial Year
ended
March 31, 2024.
The Profit after tax for the Financial Year ended March 31, 2025, is INR (20,76,622) as
against Profit of INR (13,10,909)/- in the corresponding previous Financial Year ended
March 31, 2024.
c) Share Capital:
As of March 31, 2025, the Authorized Share Capital of the Company is INR 11,00,00,000/-
divided into 1,10,00,000 Equity Shares of Rs. 10/- each.
Further, the Issued, Subscribed, and Paid-up Share Capital of the Company as of March
31, 2024, is INR 7,20,02,000 /- divided into 72,00,200 Equity Shares of Rs. 10/- each.
d) Operations and Changes in nature of the business, if any:
During the period under review, the Company has not carried on any business activities.
Further, there was no change in the nature of the business operations of the Company,
which impacted on the financial position of the Company during the financial year under
review.
e) Transfer to Reserves
The Company has not transferred any amount into the general reserve during the
financial year under review.
f) Dividend:
Owing to loss during the year under review, your directors have thought it prudent not
to recommend any dividend for the financial year 2024-2025 g) Unpaid dividend & IEPF:
Neither the Company was liable to transfer any amount or shares, nor the Company has
transferred any amount or shares to the Investor Education & Protection Fund (IEPF)
and no amount is lying in Unpaid Dividend A/c of the Company.
h) Report on the performance of Subsidiaries, Associates, and Joint venture companies:
During the year under review, the Company has no Subsidiary Company, Associate Company
& Joint Venture Company.
i) Deposits:
The Company has not accepted or renewed any amount falling within the purview of
provisions of Section 73 of the Companies Act 2013 (“the Act”) read with the
Companies
(Acceptance of Deposit) Rules, 2014 during the year under review.
Hence, the requirement for furnishing details relating to deposits covered under
Chapter V of the Act or the details of deposits that are not in compliance with Chapter V
of the Act is not applicable.
j) Loans From Directors:
During the financial year under review, the Company has taken a loan from Mr. Mahesh
Kumar Garodia who was the director of the company and Mr. Nishant M Garodia Mahesh Kumar
Garodia's relative, and thus they has given the declaration in writing to the Company
stating that the amount is not being given out of funds acquired by him by borrowing or
accepting loans or deposits from others.
Accordingly, the following amount is excluded from the definition of Deposit as per
Rule 2(1)(c)(viii) of the Companies (Acceptance of Deposits) Rules, 2014:
| Name |
Amount |
| 1. Mahesh Kumar Garodia |
3,97,90,598/- |
| 2. Nishant M Garodia |
6,75,272/- |
k) Particular of contracts or arrangements with Related parties:
All the related party transactions/contracts/arrangements that were entered into by the
Company with related party(ies) as defined under the provisions of Section 2(76) of the
Companies Act, 2013 during the year under review were carried out in the Ordinary course
of business of the Company and were on an arm's length basis along with being in
compliance with the applicable provisions of the Act and the Listing Regulations. Hence no
disclosure is required to be given in this regard in Form AOC-2.
There are no materially significant related party transactions entered into by the
Company with its Promoters, Directors, KMP's, or Senior Management Personnel that may have
a potential conflict with the interest of the Company at large.
All related party transactions as required under AS-18 are reported in the notes to the
financial statement of the Company.
l) Web address where annual return referred u/s 92(3) will be hosted.
Pursuant to the provisions of Section 92(3) read along with Section 134(3)(a) of
Companies Act, 2013, the Annual Return as on March 31, 2025 will be available on Company's
website on https://www.gchem.co.in/ . m) Material changes and commitments affecting the
financial position of the company and key developments:
Except as disclosed elsewhere in this report there are no material changes and
commitments affecting the financial position of the Company, subsequent to the close of
the Financial Year 2024-2025 till the date of this Report.
n) Particulars of loans, guarantees, securities or investments under section 186 of the
Companies Act, 2013:
The Company has not made any loans, guarantees and investments covered under section
186 of the Act.
o) Conservation of energy, technology absorption and foreign exchange earnings and
outgo:
The particulars as required under the provisions of Section 134(3) (m) of the Companies
Act, 2013 read along with Rule 8 of the Companies (Accounts) Rules, 2014 in respect of
conservation of energy, technology absorption, foreign exchange earnings and outgo etc.
are as mentioned below:
A) Conservation of energy:
| Steps taken or impact on conservation of energy |
Due to closure of Plant & suspension of manufacturing activities, Company has not
spent any substantial amount on Conservation of Energy to be disclosed here. |
| Steps taken by the company for utilizing alternate sources of energy Capital
investment on energy conservation Equipment's |
|
(B) Technology absorption:
| Efforts made towards technology absorption |
Considering the nature of activities of the Company, there is no requirement with
regard to technology absorption. |
| Benefits derived like product improvement, cost reduction, product development or
import substitution |
|
| In case of imported technology (imported during the last three years reckoned from the
beginning of the financial year): |
|
| Details of technology imported |
Nil |
| Year of import |
Not Applicable |
| Whether the technology has been fully absorbed |
Not Applicable |
| If not fully absorbed, areas where absorption has not taken place, and the reasons
thereof |
Not Applicable |
| Expenditure incurred on Research and Development |
Nil |
(C) Foreign exchange earnings and Outgo:
|
April 01, 2024, to March 31, 2025 [2024-2025] |
April 01, 2023, to March 31, 2024 [2023-2024] |
|
Amount in Rs. |
Amount in Rs. |
| Actual Foreign Exchange earnings |
Nil |
Nil |
| Actual Foreign Exchange outgo |
Nil |
Nil |
p) Internal financial control systems and their adequacy:
The Company has its internal financial control systems commensurate with the size and
complexity of its operations, to ensure proper recording of financials and monitoring of
operational effectiveness and compliance of various regulatory and statutory requirements.
The management regularly monitors the safeguarding of its assets, prevention and detection
of frauds and errors, accuracy and completeness of the accounting records including timely
preparation of reliable financial information.
The internal auditor consults and reviews the effectiveness and efficiency of the
internal financial control systems and procedure to ensure that all the assets are
protected against loss and that the financial and operational information is accurate and
complete in all respects. Significant audit observations and corrective actions thereon
are presented to the Audit Committee of the Company.
2. MATTERS RELATED TO DIRECTORS AND KEY MANAGERIAL PERSONNEL: a) Board of Directors
& Key Managerial Personnel:
There was a change in the Directorship of the Company during the year under review and
accordingly the Board of the Company was reconstituted at various occasions throughout the
financial year under review.
Below are the details regarding all the appointments done and resignations received for
the period commencing from April 01, 2024, till the date of this report.
i. Appointment:
Mr. Ravindra Subhash Salunkhe
(DIN: 06753149) was appointed as Additional Managing Director w.e.f. March 10, 2025,
and proposed to regularized as Managing Director and Chairperson in this AGM only.
Mrs. Bhagyashri Nilesh Devrale
(DIN: 11128970) was appointed Additional Non- Executive Director w.e.f. May 28, 2025,
and proposed to regularized as Non-Executive Director in this AGM only.
Mr. Vikram Ravindra Sabnis
(DIN: 07224007) was appointed as an Additional Non- Executive Director of the Company
w.e.f. March 10, 2025, and there was change in designation from Additional Non- Executive
Director to Additional Non-Executive Independent Director of the Company w.e.f. May 29,
2025, and proposed to regularized as Non-Executive Independent Director in this AGM only.
Mr. Suraj Kodak
(DIN: 10977709) was appointed as an Additional Non- Executive Director of the Company
w.e.f. March 10, 2025, and there was change in designation from Additional Non- Executive
Director to Additional Non-Executive Independent Director of the Company w.e.f. May 29,
2025, and proposed to regularized as Non-Executive Independent Director in this AGM only.
Mrs. Megha Brahmankar
(DIN: 08253258) was appointed as an Additional Non- Executive Director of the Company
w.e.f. March 10, 2025, and there was change in designation from Additional Non- Executive
Director to Additional Non-Executive Independent Director of the Company w.e.f. May 29,
2025, and proposed to regularized as Non-Executive Independent Director in this AGM only.
Mr. Puskar Verma
(Membership No. A59990), Is appointed as Whole time Company Secretary and Compliance
Officer of the Company with effect from Friday, September 13, 2024 ii. Details of the
Directors and KMP's resigned during the year:
Mr. Kunal Nalin Naik
(DIN: 02689478) resigned from the position of Independent Director of the Company
w.e.f. March 10, 2025, Pursuant to the NCLT Order dated February 24, 2025.
Mr. Mahesh Gordhandas Garodia
(DIN: 09782074) ceased from the position of Chairman and Whole- time Director of the
Company w.e.f. March 10, 2025, Pursuant to the NCLT Order dated February 24, 2025.
Mr. Brian Lawrence Fernandes
(DIN: 10124476) resigned from the position of Independent Director of the Company
w.e.f. March 10, 2025, Pursuant to the NCLT Order dated February 24, 2025.
The Directors and Key managerial personnel as on date, are as below:
| Name of Directors & KMP's |
Designation |
DIN/PAN |
| 1. Mr. Ravindra Subhash Salunkhe |
Additional Managing Director |
06753149 |
| 2. Mr. Vikram Ravindra Sabnis |
Additional Non- Executive Independent Director |
07224007 |
| 3. Mrs. Megha Brahmankar |
Additional Non- Executive Independent Director |
08253258 |
| 4. Mr. Suraj Kodak |
Additional Non- Executive Independent Director |
10977709 |
| 5. Mr. Bhagyashri Nilesh Devrale |
Additional Non- Executive Non- Independent Director |
11128970 |
| 6. Mr. Pushkar Verma |
Company Secretary & Compliance Officer |
AIKPV8562E |
b) Retirement by Rotation
In accordance with the provisions of the Act, none of the Independent Directors is
liable to retire by rotation.
As per the provisions of Section 152(6) of the Companies Act, 2013 read with the
Companies (Appointment and Qualification of Directors) Rules, 2014, Mr. Ravindra Subhash
Salunkhe (DIN: 06753149), Additional Managing Director, retire by rotation at the ensuing
Annual General Meeting and being eligible, offer themselves for reappointment.
Your directors recommend this for approval.
c) Declaration under section 149(6) of the Companies Act, 2013 and Securities Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 from
Independent Directors:
The Company has duly complied with the definition of ‘Independence' according to
the provisions of Section 149(6) of, read along with Schedule IV to the Companies Act,
2013 i.e., Code of Independent Directors and Regulation 16 (1) (b) and Regulation 25 of
the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (as amended).
All the Independent Director/s have submitted a declaration that he/she meets the
criteria of independence and submits the declaration regarding the status of holding other
directorship and membership as provided under law.
The Independent Directors affirmed that none of them were aware of any circumstance or
situation which could impair their ability to discharge their duties in an independent
manner.
d) Evaluation by Independent Director:
In a separate meeting of Independent Directors, performance of non-independent
directors, performance of the Board as a whole and performance of the Chairman was
evaluated, considering the views of executive director.
e) Disqualification of Directors:
During the financial year 2024-2025 under review, the Company has received Form DIR-8
from all Directors as required under the provisions of Section 164(1) and 164(2) of the
Companies Act, 2013 read with Companies (Appointment and Qualification of Directors)
Rules, 2014.
The Board has taken the same on record. f) MD/WTD draws commission from co., and also
draws Remuneration / Commission from holding / subsidiary Company:
During the Financial Year 2024-2025 neither Managing Director nor Whole Time Directors
of the Company have drawn any remuneration/commission from the holding or subsidiary
companies of the Company as there is no such companies.
Hence disclosure pursuant to provisions of Section 197(14) of the Companies Act, 2013
is not applicable for financial year 2024-2025.
3. Disclosure related to Committees of the board:
As on March 31, 2025, the Board had Three (3) Committees viz; Audit Committee;
Nomination & Remuneration Committee and Stakeholder Relationship Committee.
However, due to reconstitution of the Board during the financial year under review, the
committees were reconstituted.
i. Audit Committee:
The Audit Committee of Directors was constituted pursuant to the provisions of Section
177 of the Companies Act, 2013.
The composition of the Audit Committee was in conformity with the provisions of the
said section as on March 31, 2025.
The Audit Committee comprises of as on date of this report:
| Name of Members |
Designation |
| Mr. Vikram Ravindra Sabnis |
Chairman |
| Mrs. Megha Brahmankar |
Member |
| Mr. Suraj Kodak |
Member |
| Mr. Ravindra Subhash Salunkhe |
Member |
All members of the Audit Committee have the requisite qualification for appointment on
the Committee and possess sound knowledge of finance, accounting practices and internal
controls.
The Company Secretary of the Company acts as the Secretary of the Audit Committee.
The Audit Committee met 4 times during the financial year ended on March 31, 2025, at
their meeting held on May 30, 2024, August 14, 2024, November 14, 2024 and February 14,
2025.
During the year under review, the Board of Directors of the Company accepted all the
recommendations of the Committee.
ii. Nomination & Remuneration Committee:
The Nomination and Remuneration Committee of Directors was constituted pursuant to the
provisions of Section 178 of the Companies Act, 2013.
The composition of the Nomination and Remuneration Committee was in conformity with the
provisions of the said section as on March 31, 2025.
The Nomination & Remuneration Committee comprises of as on the date of this report
is as below:
| Name of Members |
Designation |
| Mrs. Megha Brahmankar |
Chairman |
| Mr. Suraj Kodak |
Member |
| Mr. Vikram Ravindra Sabnis |
Member |
The Board has in accordance with the provisions of sub-section (3) of Section 178 of
the Companies Act, 2013, formulated the policy setting out the criteria for determining
qualifications, positive attributes, independence of a Director, and policy relating to
selection and remuneration for Directors, Key Managerial Personnel and Senior Management
Employees.
Major criteria/gist defined in the policy framed for appointment of and payment of
remuneration to the Directors of the Company, are as under:
Minimum Qualification Positive Attributes Independence Experience
The Nomination & Remuneration Committee met 2 times during the financial year ended
on March 31, 2025, at their meeting held on August 14, 2024 and February 14, 2025. iii.
Stakeholder & Relationship Committee:
The Stakeholder & Relationship Committee of Directors was constituted pursuant to
the provisions of Section 178(5) of the Companies Act, 2013.
The Stakeholder & Relationship Committee comprises of as on the date of this report
of the below mentioned:
| Name of Members |
Designation |
| Mr. Suraj Kodak |
Chairman |
| Mrs. Megha Brahmankar |
Member |
| Mr. Vikram Ravindra Sabnis |
Member |
The Company Secretary of the Company acts as the Secretary of the Stakeholders'
Relationship Committee.
The Stakeholders' Relationship Committee met 2 time during the financial year ended on
March 31, 2025, at their meeting held on August 14, 2024 and February 14, 2025.
SEBI Complaints Redress System (SCORES):
The investor complaints are processed in a centralized web-based complaints redress
system. The salient features of this system are a centralized database of all complaints,
online upload of Action Taken Reports (ATRs) by the concerned companies, and online
viewing by investors of actions taken on the complaint and its current status.
Your Company has registered itself on SCORES and makes every effort to resolve all
investor complaints received through SCORES or otherwise within the statutory time limit
from the receipt of the complaint. The complaints received during the financial year
2024-2025 has been resolved by the company within 21 days as per statutory timeline.
4. Board & Committees Meetings: i. Number of Board Meetings:
During the financial year under review, the Board of Directors met 04 times during the
year in accordance with the provisions of the Companies Act, 2013 and rules made
thereunder at their meeting held on May 30, 2024, August 14, 2024, November 14, 2024 and
February 14, 2025.
The Company has complied with the applicable Secretarial Standards in respect of all
the above-Board meetings. ii. Meeting of Independent Directors:
In compliance with Schedule IV to the Companies Act, 2013 and Regulation 25 of the SEBI
(Listing Obligation and Disclosure Requirements) Regulations, 2015, the Independent
Directors held their separate meeting on February 14, 2024, without the attendance of
non-independent directors and members of management, inter alia, to discuss the following:
Review the performance of non-independent directors and the Board as a whole. Review
the performance of the Chairperson of the Company, considering the views of executive
directors and non-executive directors; and Assess the quality, quantity, and timeliness of
flow of information between the Company Management and the Board that is necessary for the
Board to perform their duties effectively and reasonably.
All independent directors were present at the meeting, deliberated on the above and
expressed their satisfaction.
5. Auditors and Reports:
The matters related to Auditors, and their Reports are as under:
(i) Statutory Auditor:
Pursuant to the provisions of Section 139 of the Companies Act, 2013 and the Companies
(Audit and Auditors) Rules, 2014 M/s. Laxmikant Kabra & Co, Chartered Accountants
(Registration No. 117183W), the Statutory Auditors of the Company have been appointed for
a term of 5 years to hold office till the conclusion of the Annual General Meeting to be
held for the F.Y. 2025-2026 and they continue to be the statutory auditors of the Company.
(ii) Observations of Statutory auditors on accounts for the year ended March 31, 2025:
The observations / qualifications / disclaimers made by the Statutory Auditors in their
report for the financial year ended 31st March 2025 read with the explanatory notes
therein are self-explanatory and therefore, do not call for any further explanation or
comments from the Board under Section 134(3) of the Companies Act, 2013.
(iii) Reporting of fraud by statutory auditors under section 143(12):
There were no incidents of reporting fraud by Statutory Auditors of the Company under
Section 143(12) of the Act read with Companies (Accounts) Rules, 2014.
(iv) Adequacy of Internal Controls with reference to Financial Statements:
In accordance with the opinion of the auditors, the Company has, in all material
respects, an adequate internal financial controls system over financial reporting and such
internal financial controls over financial reporting were operating effectively as at
March 31, 2025.
(v) Secretarial Auditor:
Provisions of Section 204 read with Section 134(3) of the Companies Act, 2013, mandates
to obtain Secretarial Audit Report from a Practicing Company Secretary.
Accordingly, M/s S. V. Kulkarni and Associates, Practicing Company Secretary had been
appointed to issue Secretarial Audit Report for the financial year 2024-2025.
(vi) Secretarial Auditor Report for the financial year ended on March 31, 2025:
Secretarial Audit Report issued by S. V. Kulkarni and Associates, Practicing Company
Secretaries in Form MR-3 for the financial year 2024-2025 forms part of this report and
attached as Annexure- I.
The said report has some observation in the Secretarial Audit Report requiring
explanation or comments from the Board under Section 134(3) of the Companies Act, 2013
which are given in said report only.
(vii) Cost auditor:
Pursuant to the provisions of Section 148 of the Companies Act, 2013 read with
Notifications/Circulars issued by the Ministry of Corporate Affairs from time to time, the
Company is not required to appoint Cost Auditor.
(viii) Maintenance of Cost records:
Pursuant to the provisions of Section 148 of the Companies Act, 2013 read with the
Companies (Cost Records and Audit) Rules, 2014, as amended from time to time, the Company
is not required to maintain Cost Records under said Rules.
(ix) Internal auditor:
In accordance with the provisions of Section 138 of the Companies Act, 2013 and Rules
framed thereunder, the Board has appointed M/s S S N R & Co., Chartered Accountants to
conduct the Internal Audit of the Company for the Financial Year 2024-25.
(x) Internal Auditor Report for the financial year ended on March 31, 2025:
M/s S S N R & Co., Chartered Accountants, who were appointed as Internal Auditors
of the Company for the F.Y. 2024-2025 has issued their internal audit report and it
contains no adverse remarks or observations.
6. Other Disclosures:
Other disclosures as per provisions of Section 134 of the Act read with Companies
(Accounts) Rules, 2014 are furnished as under:
a) Details of significant and material orders passed by the Regulator or Court or
Tribunal:
Hon'ble NCLT, Mumbai Bench, on February 24, 2025, has approved the Base Resolution Plan
(‘BRP') for the Company (i.e., the Corporate Debtor), submitted by Mr. Ravindra
Salunkhe (“Resolution Applicant”) pursuant to Pre-Packaged Insolvency Resolution
Process (‘PPIRP').
b) Directors' Responsibility Statement:
In terms of Section 134(5) of the Companies Act, 2013, in relation to the audited
financial statements of the Company for the year ended March 31, 2025, the Board of
Directors hereby confirms that:
(i) in the preparation of the Annual Accounts for the year ended March 31, 2025, the
applicable accounting standards had been followed along with proper explanation relating
to material departures.
(ii) such accounting policies have been selected and applied consistently and the
Directors made judgments and estimates that are reasonable and prudent so as to give a
true and fair view of the state of affairs of the Company as at March 31, 2025, and of the
profit of the Company for the year ended as on that date.
(iii)proper and sufficient care was taken for the maintenance of adequate accounting
records in accordance with the provisions of the Companies Act, 2013, for safeguarding the
assets of the Company and for preventing and detecting fraud and other irregularities.
(iv)the annual accounts of the Company have been prepared on a going concern basis.
(v) that the directors have laid down internal financial controls to be followed by the
Company and that such internal financial controls are adequate and operating effectively.
(vi)proper systems have been devised to ensure compliance with the provisions of all
applicable laws and that such systems were adequate and operating effectively.
c) Disclosure regarding Internal Complaints Committee under the sexual harassment of
women at workplace (Prevention, Prohibition and Redressal) Act, 2013:
Your company is not required to constitute Internal Complaints Committee under the
Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013
as there are less than 10 employees in the company.
d) Disclosure under section 43(a)(ii) of the Companies Act, 2013:
The Company has not issued any shares with differential rights and hence no information
as per provisions of Section 43(a)(ii) of the Act read with Rule 4(4) of the Companies
(Share Capital and Debenture) Rules, 2014 is furnished.
e) Disclosure under section 54(1)(d) of the Companies Act, 2013:
The Company has not issued any sweat equity shares during the year under review and
hence no information as per provisions of Section 54(1)(d) of the Act read with Rule 8(13)
of the Companies (Share Capital and Debenture) Rules, 2014 is furnished.
f) Disclosure under section 62(1)(b) of the companies Act, 2013:
The Company has not issued any equity shares under the Employees Stock Option Scheme
during the year under review and hence no information as per provisions of Section
62(1)(b) of the Act read with Rule 12(9) of the Companies (Share Capital and Debenture)
Rules, 2014 is furnished.
g) Disclosure under section 67(3) of the companies Act, 2013:
During the year under review, there were no instances of non-exercising of voting
rights in respect of shares purchased directly by employees under a scheme pursuant to
Section 67(3) of the Act read with Rule 16(4) of Companies (Share Capital and Debentures)
Rules, 2014 is furnished.
g) Details of utilization of funds raised through preferential allotment or qualified
institutional placement as specified under Regulation 32(7A) of the Listing Regulations:
There were no funds raised till date under review.
h) Disclosure of proceedings pending, or application made under insolvency and
bankruptcy code, 2016 (if applicable)
No application was filed for corporate insolvency resolution process, by a financial or
operational creditor or by the company itself under the IBC before the NCLT.
i) Disclosure of reason for difference between valuation done at the time of taking
loan from bank and at the time of one-time settlement:
There was no instance of a one-time settlement with any Bank or Financial Institution.
j) Particulars of Remuneration to Employees, etc.
Not Applicable
k) Management Discussion and Analysis:
Management Discussion and Analysis Report as required under Regulation 34 and Schedule
V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is furnished
as “Annexure II”
l) Secretarial Standards of ICSI:
The Company is in compliance with all the applicable secretarial standards issued by
the Institute of Company Secretaries of India.
m)Corporate Social Responsibility:
Pursuant to the provisions of Section 135 of the Companies Act, 2013 Corporate Social
Responsibility is not applicable to the Company during the Financial Year 2023-2024.
n) Statement on Compliance with Maternity Benefit Act, 1961:
During the year under review the Company has complied with the applicable provisions of
Maternity Benefit Act, 1961.
7. Acknowledgements and Appreciation:
Your directors take this opportunity to thank the customers, shareholders, suppliers,
bankers, business partners/associates, financial institutions and Central and State
Governments for their consistent support and encouragement to the Company.
| For and on behalf of the Board |
| For and on behalf of Garodia Chemicals Limited |
| SD/- |
| Ravindra subhash salunkhe |
| Chairperson & Managing director |
| DIN: 06753149 |
| Address: 149/156, Garodia Shopping Centre, |
| Garodia Nagar, Ghatkopar East, Mumbai, |
| Maharashtra, India, 400077 |
| Date: September 04, 2025 |
| Place: Mumbai |
|