To
The Members,
THE INDIAN LINK CHAIN MANUFACTURERS LIMITED
CIN: L47211MH1956PLC009882
The Directors have the pleasure in presenting the 67th Annual Report on the Business
and Operations of your Company and the Audited Financial Statements for the year ended
31st March, 2025.
FINANCIAL HIGHLIGHTS
1. FINANCIAL RESULTS
The Company's financial performance for the year ended March 31, 2025 is summarized
below.
Particular |
2024-25 |
2023-24 |
|
(Amt in INR) |
(Amt in INR) |
Total Income |
29,46,918 |
26,16,463 |
| Depreciation |
1,32,536 |
1,32,536 |
| Other Expenses |
9,68,425 |
11,27,828 |
Total Expenses |
14,84,961 |
17,19,464 |
| Profit before Tax |
14,61,957 |
8,96,999 |
| Tax Expense: |
3,67,995 |
(13,678) |
Profit after Tax |
10,93,962 |
9,10,677 |
2. STATE OF COMPANY'S AFFAIRS
The Company is presently enaged in the business of trading for all kinds of crops,
Grains, pulses, spices, dry fruits, other edible products, plantation of trees of all
types and production of all kinds of organic food products, fruits, vegetables, dairy,
forestry, agricultural, horticulture, tea, coffee, rubber, mineral, cotton, silk, cereals,
cotton - silk, vetiveria, wood, lac culture, timber, fuel, floriculture, bee keeping,
fodder raising, seeding and manufacturing, trading, processing of agriculture products and
allied activities.
Further the Company is actively evaluating business opportunities and is identifying
the most viable long-term business model. This evaluation process has now culminated in a
strategic decision to focus on scalable and high-growth sectors aligned with national
priorities and emerging market needs.
Accordingly, while the Company has not recorded income from operations in the financial
year due to the restructuring and planning phase, it is in the process of capital infusion
which will enable commencement of full-scale commercial activities for the company.
During the financial year 2024-25, the Company earned a profit of ^10,93,962 on a
standalone basis, as against a profit of ^ 9,10,677 in the previous financial year
2023-24.
3. CHANGE IN NATURE OF BUSINESS, IF ANY
There was no change in the nature of business during the financial year 2024-2025.
4. SHARE CAPITAL
During the Financial Year 2024-2025
a) The Company has not issued any equity shares with differential rights.
b) The Company has not issued any Sweat Equity Shares.
c) Issue of Employee Stock Options: The Company has not issued any Employee Stock
Options.
d) Post Closure of the financial year, the Company initiated the process to raise funds
by way of Preferential issue of Equity Shares and Convertible Warrants; details of the
said fund raising are as follows.
The Board of Directors, at its meeting held on 13th May, 2025, and subsequently the
shareholders at the Extra-Ordinary General Meeting held on 9th June, 2025, approved fund
raising by way of preferential issue and allotment of 25,50,000 equity shares for cash at
price of Rs. 71/- per Equity Shares including a (including a premium of Rs. 61/- per
Equity share) on preferential basis to the Non-Promoter Group and 53,00,000 convertible
warrants into equity shares of face value of Rs. 10/- each and on conversion to be fully
paid up, for cash, at a price 71/- per convertible warrants (at premium of Rs. 61/-) on on
preferential basis to the Non-Promoter Group. The Shareholders of the Company further
approved the increase in the authorized share capital of the Company from Rs.
1,00,00,000/- (Rupees One Crore only) divided into 10,00,000 (Ten Lakh) equity shares of
Rs. 10/- (Rupees Ten only) each to Rs. 8,40,00,000/- (Rupees Eight Crore Forty Lakh only)
divided into 84,00,000 (Eighty-Four Lakh) equity shares of Rs. 10/- (Rupees Ten only)
each."
In addition, pursuant to the SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011, an Open Offer has been made by Mr. Rajendra Chodankar [Acquirer] for
acquisition of up to 7,93,000 equity shares, representing 26% of the emerging equity share
capital of the Company, and Bonanza Portfolio Limited has been appointed as the Manager to
the Offer.
The above developments have occurred subsequent to the closure of the financial year
and the same have been appropriately reported under Point No. 5 "Material Changes and
Commitments Affecting the Financial Position of the Company" of this Report.
5. MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY
The Company is in the process of raising funds by way of issue of securities. The
details relating to the preferential issue of equity shares and convertible warrants, and
increase in authorized share capital have been disclosed under the heading "Share
Capital" of this Report and may be referred to for further information.
Additionaly, Pursuant to Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011, an Open Offer has been made by Mr. Rajendra
Chodankar [ Acquirer] to acquire up to 7,93,000 equity shares, representing 26.00% of the
emerging equity and voting share capital of the Company, from the public shareholders.
In this regard, a Public Announcement was made on 13th May, 2025, and a Detailed Public
Announcement was published on 20th May , 2025, in connection with the said acquisition of
equity shares of the Company. Further, the Draft Letter of Offer dated 27th May, 2025 has
been issued on behalf of the Acquirer under Regulations 3(1) and 4, read with Regulations
13, 14, and 15(1) of the SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011, for the proposed acquisition of up to 7,93,000 equity shares from
public shareholders and Bonanza Portfolio Limited has been appointed as the Manager to the
Offer for the said Open Offer process.
Apart from the above, there have been no material changes and commitments affecting the
financial position of the Company subsequent to the close of the financial year 2024-25
6. DIVIDEND
The Board of Directors does not propose to declare any Dividend for the Financial Year
2024-25.
7. TRANSFER TO RESERVE
No amounts were transferred to any reserves.
8. BOARD MEETING AND COMMITTEES
During the reporting period, 06 (Six) Board Meetings were held and the gap between the
Meetings was within the period prescribed under the Companies Act, 2013 and the Company
has complied with all the provisions of Companies Act 2013 and Secretarial Standard
applicable to it with respect to conducting Board Meetings. Furthermore, the Board has
constituted three key committees, namely.
• Audit Committee
• Nomination and Remuneration Committee
• Stakeholders Relationship Committee
9. DIRECTORS' RESPONSIBILITY STATEMENT
Based on the the framework of internal financial control and Compliance system
established and maintained by the Company, work performed by the respective auditors and
audit of internal financial control over financial reporting by the Statutory Auditor and
the reviews performed by the management / Board. The Board is of the opinion that the
Company's internal financial control were adequate and effective during the financial year
ended 31st March 2025.
Pursuant to Section 134(5) of the Companies Act, 2013, the Board of directors, to the
best of their knowledge and ability, confirm that:
a) in the preparation of the annual accounts, the applicable accounting standards had
been followed along with proper explanation relating to material departures.
b) the directors had selected such accounting policies and applied them consistently
and made judgments and estimates that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the company at the end of the financial year and of
the profit and loss of the company for that period.
c) the directors had taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of this Act for safeguarding the
assets of the company and for preventing and detecting fraud and other irregularities
d) the directors had prepared the annual accounts on a going concern basis; and
e) the directors, in the case of a listed company, had 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 had devised proper systems to ensure compliance with the provisions of
all applicable laws and that such systems were adequate and operating effectively.
10. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION (12) OF SECTION
143 OTHER THAN THOSE WHICH ARE REPORTABLE TO THE CENTRAL GOVERNMENT
There is no reporting made by the Auditor of the Company's, with respect to the Fraud
for the financial year 2024-2025.
11. DIRECTORS AND KEY MANAGERIAL PERSONNEL
During the year under review, the following change took place in the composition of the
Board of Directors:
Mr. Jaynish Kothari (DIN: 00281312) was appointed as an Additional Non-Executive
Independent Director at the Board Meeting held on 24th June, 2024, pursuant to the
provisions of Sections 149, 150, 152, 161, 197 and other applicable provisions of the
Companies Act, 2013.
Subsequently, the shareholders, at the 66th Annual General Meeting of the Company,
approved his appointment as an Independent Director for a term of five (5) consecutive
years, commencing from 24th June, 2024 and ending on 23rd June, 2029.
12. DECLARATION FROM INDEPENDENT DIRECTORS
The Company has received declarations from all Independent Directors under Section
149(7) of the Companies Act, 2013, confirming that they meet the criteria of independence
as laid down in Section 149(6) of the Act and Regulation 25 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015. The Independent Directors have
further confirmed compliance with the Code for Independent Directors as prescribed in
Schedule IV to the Act.
13. EXPLANATIONS OR COMMENTS BY THE BOARD ON EVERY QUALIFICATION, RESERVATION OR
ADVERSE REMARK OR DISCLAIMER MADE
(i) Statutory Auditor's Report: The Statutory Auditor of the Company has issued
clean/ clear report for the FY 2024-2025 therefore board has not mentioned any explanation
or comments on the same report.
(ii) Secretarial Auditor's Report: Following are the observation raised by the
Secretarial Auditor:
A. that Composition of Audit Committee and Nomination and Remuneration Committee of the
Board during the part of reporting period and the quorums present in few meetings is not
as per the requirements of the Companies Act, 2013.
B. The Company is yet to appoint Internal Auditor as per provision of section 138 of
the Companies Act 2013.
C. The Company is in process to rectify the Index of charges appearing on the MCA
portal. During the reporting period.
Management's Response:
A. The Board acknowledges the observation and submits that the composition of the Audit
Committee and Nomination & Remuneration Committee was not fully compliant with the
requirements of the Companies Act, 2013 during part of the reporting period, due to
resignation/changes in the Board of Directors. The Board has since reconstituted the
Committees in line with the applicable provisions and the composition now meets the
statutory requirements.
B. The Company is in the process of appointing an Internal as per Section 138 of the
Companies Act, 2013. Necessary steps for the appointment are being taken and the same will
be finalized shortly.
C. The discrepancies in the Index of Charges appearing on the MCA portal are being
rectified. The Company has initiated the process of filing the necessary
forms/clarifications with the Registrar of Companies, and the matter is expected to be
regularized soon.
14. INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY
In view of the changes in the Companies Act, the Company has taken additional measures
to strengthen its internal control systems. Additional measures in this regard are fraud
risk assessment, mandatory leave for employees, strengthening background verification
process of new joiners, whistle blower policy and strengthening the process of risk
management. The Company maintains a system of internal controls designed to provide a high
degree of assurance regarding the effectiveness and efficiency of operations, the adequacy
of safeguards for assets, the reliability of financial controls, and compliance with
applicable laws and regulations.
The organization is well structured and the policy guidelines are well documented with
pre-defined authority. The Company has also implemented suitable controls to ensure that
all resources are utilized optimally, financial transactions are reported with accuracy
and there is strict adherence to applicable laws and regulations.
The Company has put in place adequate systems to ensure that assets are safeguarded
against loss from unauthorized use or disposition and that transactions are authorized,
recorded and reported. The Company also has an exhaustive budgetary control system to
monitor all expenditures against approved budgets on an ongoing basis.
Recognizing the important role of internal scrutiny, the Company has an internal audit
function which is empowered to examine the adequacy of, and compliance with, policies,
plans and statutory requirements. It is also responsible for assessing and improving the
effectiveness of risk management, control and governance process.
Periodical audit and verification of the systems enables the various business groups to
plug any shortcomings in time. As stated earlier the Company has improved effectiveness of
the risk management process wherein it evaluates the Company's risk management system and
suggests improvement in strengthening risk mitigation measures for all key operations,
controls and governance process. In addition, the top management and the Audit committee
of the Board periodically review the findings and ensure corrective measures are taken.
15. RISK MANAGEMENT
The Board of the Company has formed a risk management policy to frame, implement and
monitor the risk management plan for the Company. The Board of Directors are responsible
for reviewing the risk management plan and ensuring its effectiveness. Major risks
identified by the businesses and functions are systematically addressed through mitigating
actions on a continuing basis.
In the opinion of Board the rising costs and changing government policies and
regulations are the key risk factors that may threaten the existence of the company.
16. PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS UNDER SECTION 186 OF THE COMPANIES
ACT 2013
During the year under review, the Company has not given any guarantee to any party as
provided under Section 186 of the Companies Act, 2013. The details of loans granted by the
Company are provided in Note No. 4 to the financial statements.
17. CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES
During the year, the Company did not enter into any transactions, contracts or
arrangements with related parties that could be considered material in accordance with the
Company's policy on related party transactions drawn in accordance with relevant
regulations applicable to the Company. Accordingly, the disclosure of related party
transactions in Form AOC-2 is not applicable.
The details of such transactions entered by the Company with Related Party Transactions
which are at Arm's Length Price and in Ordinary Course of Business are provided in Note
No. 21 of the Financial Statements.
18. STATEMENT ON PERFORMANCE OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES.
The Company does not have any Subsidiary, Associate and Joint Ventures.
19. OTHER MATTERS AS PER RULE 8(5) OF COMPANIES (ACCOUNTS) RULES, 2014
> Subsidiaries, Joint Ventures or Associate Companies: During the financial year no
Companies became/ ceased to be Company's Subsidiaries, Joint Ventures or Associate
Companies
> During the year under review, there were no instance of one-time settlement with
banks or financial institutions and hence the differences in valuation as enumerated under
Rule 8(5) (xii) of Companies (Accounts) Rules, 2014, as amended, do not arise.
> During the financial year the Company has not accepted any deposits, not renewed
any deposit or made any default in repayment of any deposits.
> The Privision relating CSR as per the Section 135 of the Companies Act 2013 is not
applicable to the Company.
20. BORROWINGS FROM DIRECTORS
The Company has not borrowed funds from any Director of the Company during the
financial year 2024 - 2025.
21. BOARD EVALUATION
The Board of Director has carried out an annual evaluation of its own performances,
Board Committees and Individual Director pursuant to section 178(2) of the companies Act
2013.
The performance of the Board was evaluated by the Board after seeking inputs from all
the directors on the basis of the criteria such as the composition of Board and its
structure, effectiveness of board processes, information and functioning, etc.
The performance of the Committees were evaluated by the Board after seeking inputs from
the members of the Committees on the basis of the criteria such as the composition of
committees, effectiveness of meetings of the Committees, etc.
The Board and the Nomination and Remuneration Committee ("NRC") reviewed the
performance of the individual directors on the basis of the criteria such as the
contribution of the individual director to the Board and committee meetings like
preparedness on the issues to be discussed, meaningful and constructive contribution and
inputs in meetings, etc. In addition, the Chairman was also evaluated on the key aspects
of his role
The Independent Directors in their meeting, evaluated the performance of
non-independent directors, the Board as a whole and performance of the Chairman after
taking into account the views of Executive Directors and Non-Executive Directors. The same
was also reviewed and discussed in the board meeting that followed the meeting of the
independent Directors.
22. POLICY ON DIRECTORS' APPOINTMENT AND REMUNERATION AND OTHER DETAILS
In terms of Section 178 of the Companies Act, 2013 the policy on Nomination and
Remuneration of Directors, Key Managerial Personnel (KMP), Senior Management and other
employees of the Company has been formulated by the Nomination and Remuneration Committee
of the Company and approved by the Board of Directors. This policy acts as a guideline for
determining, inter-alia, qualifications, positive attributes and independence of a
Directors, matter relating to the remunerations, appointment, removal and evaluation of
performance of the Directors, Key Managerial Personnel, Senior Management and other
employees.
23. VIGIL MECHANISM FOR DIRECTORS AND EMPLOYEES
The Company has formulated and published a Whistle Blower Policy to provide Vigil
Mechanism for employees including directors of the Company to report genuine concerns. The
contents of this policy are in line with the provisions of the Section 177(9) of the Act.
24. AUDIT COMMITTEE
The composition, quorum, powers, role, and scope of the Audit Committee are in
accordance with the provisions of Section 177 of the Companies Act, 2013. The Committee
comprises the following members as on 31st March, 2025. In the financial year 2024-25.
Sr. No |
Name |
Chairman/Member |
Category |
| 1. |
Mr. Ashok Jain |
Chairman |
Independent Director |
| 2. |
Mr. Vishal Thakkar |
Member |
Managing Director |
| 3. |
Mr. Jaynish Kothari (Appointed w.e.f 24th June, 2024) |
Member |
Independent Director |
During the financial year 2024-25, the Audit Committee duly met 4 times and the
attendance of each member at such meetings are provided below.
Sr. No |
Name |
Number of Meetings during the financial year ended
2024-2025 |
|
|
Entitled to Attend |
Attended |
| 1. |
Mr. Ashok Jain |
4 |
4 |
| 2. |
Mr. Vishal Thakkar |
4 |
4 |
| 3. |
Ms. Bhavika Thakkar |
1 |
1 |
| 4. |
Mr. Jaynish Kothari |
3 |
3 |
• Ms. Bhavika Thakkar ceased to be member of the Audit Committee w.e.f 24-06-2025.
25. NOMINATION AND REMUNERATION COMMITTEE
The composition, quorum, powers, role, and scope of the Nomination and Remunneration
Committee are in accordance with the provisions of Section 178 of the Companies Act, 2013.
The Committee comprises the following members as on 31st March, 2025.
Sr. No |
Name |
Chairman/Member |
Category |
| 1. |
Mrs. BhavikaThakkar |
Chairman |
Non- Executive Director |
| 2. |
Mr. Ashok Jain |
Member |
Independent Director |
| 3. |
Mr. Jaynish Kothari (Appointed w.e.f 24th June, 2024) |
Member |
Independent Director |
In the financial year 2024-25, the Nomination and Remuneration Committee duly met 2
times and the attendance of each member at such meetings are provided below.
Sr. No |
Name |
Number of Meetings during the financial year ended
2024-2025 |
|
|
Entitled to Attend |
Attended |
| 1. |
Mr. Ashok Jain |
2 |
2 |
| 2. |
Mrs. Bhavika Thakkar |
2 |
2 |
| 3. |
Mr. Jaynish Kothari |
1 |
1 |
The Committee reviews and approves the remuneration of Managerial Personnel and the
terms and conditions of appointment and in accordance with the provisions of Companies
Act, 2013.
The Committee reviews following matters:
Recommend to the Board the set up and composition of the Board and its committees.
Including the "formulation of the criteria for determining qualifications, positive
attributes and independence of a director". The committee will consider periodically
reviewing the composition of the board with the objective of achieving an optimum balance
of size, skills, independence, knowledge, age, gender and experience:
• Recommend to the board the appointment or reappointment of directors.
• Devise a policy on board diversity.
• Recommend to the board appointment of key managerial personnel ("KMP"
as defined by the Act) and executive team members of the Company (as defined by this
committee).
• Carry out evaluation of every director's performance and support the board and
independent directors in evaluation of the performance of the board, its committees and
individual directors.
• This shall include "formulation of criteria for evaluation of independent
directors and the board".
• Recommend to the board the remuneration policy for directors, executive team or
key managerial personnel as well as the rest of the employees.
• On an annual basis, recommend to the board the remuneration payable to the
directors and oversee the remuneration to executive team or key managerial personnel of
the Company.
• Oversee familiarisation programmes for directors.
• Oversee the human resource philosophy, human resource and people strategy and
human resource practices including those for leadership development, rewards and
recognition, talent management and succession planning (specifically for the board, key
managerial personnel and executive team).
• Provide guidelines for remuneration of directors on material subsidiaries.
26. STAKEHOLDER RELATIONSHIP COMMITTEE
The composition, quorum, powers, role, and scope of the Stakeholder Relationship
Committee are in accordance with the provisions of Section 178 of the Companies Act, 2013.
The Committee comprises the following members as on 31st March, 2025.
| Sr. No |
Name |
Chairman/Member |
Category |
| 1. |
Ashok Jain |
Chairman |
Independent Director |
| 2. |
Jaynish Kothari |
Member |
Non-Executive Director Independent Director |
| 3. |
Bhavika Thakkar |
Member |
Non -Executive Director |
In the financial year 2024-25, the Stakeholders Relationship Committee duly met 1 times
and the attendance of each member at such meetings are provided below
| Sr. No. |
Name |
Number of Meetings during the financial year ended
2024-2025 |
|
|
Entitled to Attend |
Attended |
| 1. |
Bhavika Thakkar |
1 |
1 |
| 2. |
Jaynish Kothari |
1 |
1 |
| 3. |
Ashok Jain |
1 |
1 |
The committee has the following roles and responsibilities:
1) Resolve the grievances of security holders.
2) Monitors and reviews the performance and service standards of the Registrar and
Share Transfer Agents of the Company
3) Provides continuous guidance to improve the service levels for investor.
27. AUDITORS AND THEIR REPORT
• Statutory Auditors
Pursunat to Section 139 and Section 141 of the Companies Act, 2013 read with the
Companies (Audit and Auditors) Rules, 2014 (including any statutory modification(s) or
re-enactment(s) thereof for the time being in force) and based on the recommendation of
the Board, the shareholders have approved the appointment of M/s. NK Jalan & Co.,
Statutory Auditors, at the 66th Annual General Meeting held on 28th September, 2024, for a
term of 5 (five) consecutive years, commencing from the conclusion of the 66th Annual
General Meeting till the conclusion of the 71st Annual General Meeting of the Company to
be held in the year 2029.
As required under Regulation 33 of the Listing Regulations, Statutory Auditors have
confirmed that they hold a valid certificate issued by the Peer Review Board of the
Institute of Chartered Accountants of India.
The Statutory Auditors of the Company have issued an unmodified (clean) audit report
for the financial year ended 31st March, 2025. The said Audit Report forms part of this
Annual Report.
• Secretarial Auditor
Pursuant to the provisions of Section 204 of the Companies Act 2013 and the rules made
there under the Company has appointed M/s. Rachana Maru Furia & Associates, Company
Secretaries, Mumbai, in the Board Meeting held on 14th February, 2025, to undertake the
Secretarial Audit of the Company for the F.Y. 2024-25.
The Secretarial Audit Report is included as Annexure 1 and forms an integral part of
this report.
• Cost Auditor
Appointment of cost auditors is not applicable to company for the financial year
2024-2025.
28. THE CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND
OUTGO:
a) CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION:
In terms of the requirements of Section 134(3)(m) of the Companies Act, 2013 read with
Rule 8(3) of the Companies (Accounts) Rules, 2014, with respect to conservation of energy,
the Board of Directors wishes to inform the members that considering the nature of
operations, the Company has limited scope for undertaking energy conservation exercises,
but nevertheless continues to emphasize work practices that result in conservation of
energy.
Further, the Company actively spreads awareness among its employees on the importance
of optimal utilization and conservation of electricity, water, and other natural resources
critical to steel production. The management remains vigilant in monitoring technological
advancements and continuously explores opportunities to adopt and implement modern,
energy-efficient technologies in its production processes to enhance operational
efficiency and reduce the carbon footprint of its steel manufacturing operations."
b) FOREIGN EXCHANGE EARNINGS AND OUTGO
During the financial year 2024-2025 there is Foreign exchange earnings and Outgo.
29. PARTICULARS OF EMPLOYEES
The information required under Section 197 of the Act read with Rule 5(1) of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are in Annexure
2.
30. MANAGEMENT DISCUSSION AND ANALYSIS
A separate section on Management Discussion and Analysis report (MD&A) is included
in the Annual Report as Annexure 3 required under Regulation 34(2)(e) of the
Listing regulations.
31. FOLLOWING MATTERS WERE NOT APPLICABLE TO THE COMPANY FOR THE FINANCIAL YEAR ENDED
MARCH 31, 2025 AND THUS NO COMMENTS ARE REQUIRED BY THE BOARD OF DIRECTORS ON THE SAME:
• Details of Voting Rights not exercised by the employees u/s 67(3)(c) of
Companies Act, 2013 r.w. Rule 16(4) of Companies (Share Capital and Debentures) Rules,
2014.
• Disclosure about issue of equity shares with Differential Rights as per Rule
4(4) of Companies (Share Capital and Debentures) Rules, 2014.
• Maintenance of cost records as specified by the Central Government under
sub-section (1) of section 148 of the Companies Act, 2013
32. SIGNIFICANT AND MATERIAL ORDER PASSED BY REGULATORS OR COURT
No significant and material order has been passed by the regulators, courts, tribunals
impacting the going concern status and Company's operations in future.
33. REPORT ON THE SEXUAL HARRESSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND
REPRESSED ACT 2013.
The Company has in place a policy for prevention of Sexual Harassment at the Workplace
in line with the requirements of Sexual Harassment of Women at the Workplace (Prevention,
Prohibition and Redressal) Act, 2013.
The policy on Prevention of Sexual Harassment at Workplace aims at prevention of
harassment of employees and lays down the guidelines for identification, reporting and
prevention of undesired behaviour. During the year ended 31st March, 2025:
• Number of complaints of sexual harassment received in a year -Nil
• Number of complaints disposed off during the year - Nil
• Number of cases pending for more than 90 days - Nil
34. STATEMENT BY THE COMPANY WITH RESPECT TO THE COMPLIANCE OF PROVISIONS RELATING TO
THE MATERNITY BENEFITS ACT, 1961
The said disclosure is not applicable to the Company.
35. STATEMENT ON COMPLIANCES OF SECRETARIAL STANDARDS
The Board of Directors have complied with applicable Secretarial Standards as specified
u/s 118 of the Companies Act, 2013.
36. ANNUAL RETURN
Pursuant to Section 92(3) read with Section 134(3)(a) of the Act, the Annual Return of
the Company is available on the website of the Company at https://www.inlinch.com.
37. CORPORATE GOVERNANCE REPORT
Regulations 17 to 27 and Clauses (b) to (i) and (t) of sub-regulation (2) of regulation
46 and para C, D, and E of Schedule V of the SEBI (LODR) Regulations, 2015 are not
applicable to the Company as the paid up Share Capital of the Company is less than 10
Crores and its Net Worth does not exceed 25 Crores as on the last day of previous
financial year. Hence, the Corporate Governance Report is not included in this Report.
38. UNCLAIMED DIVIDEND AND UNCLAIMED SHARES
During the period under review there is no unpaid/ unclaimed Dividend and the shares
required to be transferred to the Investor Education & Protection Fund.
39. BUSINESS RESPONSIBILITY REPORT
Pursuant to Regulation 34 of the SEBI Listing Regulations, top one thousand listed
entities based on market capitalization shall provide Business Responsibility Report. The
Company is outside the purview of top one thousand listed entities. In view of this
Business Responsibility Report is not applicable.
40. STATEMENT REGARDING OPINION OF THE BOARD WITH REGARD TO INTEGRITY- EXPERTISE AND
EXPERIENCE (INCLUDING THE PROFICIENCY) OF THE INDEPENDENT DIRECTORS APPOINTED DURING THE
YEAR:
In the opinion of the Board, all Independent Directors possess requisite
qualifications, experience, expertise and hold high standards of integrity required to
discharge their duties with an objective independent judgment and without any external
influence
41. LISTING WITH STOCK EXCHANGE
The Company's Equity Shares are listed at BSE Limited with script code 504746. The
Company confirms that it has paid the Annual Listing Fees for the year 2023-2024 and
2024-2025 to BSE where the Company's Shares are listed.
42. SECRETARIAL STANDARDS
The Company has devised proper systems to ensure compliance with the provisions of all
applicable Secretarial Standards issued by the Institute of Company Secretaries of India
and that such systems are adequate and operating
43. THE DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND
BANKRUPTCY CODE, 2016 (31 OF 2016) DURING THE YEAR ALONG WITH THEIR STATUS AS AT THE END
OF THE FINANCIAL YEAR.
There is no such application made or proceeding initiated against the Company
ACKNOWLEDGEMENTS
Your Directors wish to place on record their sense of appreciation for the excellent
support received from the government authorities, bankers, consultants and the dedicated
efforts of all employees in the working of the Company.
|
For The Indian Link Chain Manufacturers Limited |
|
|
Sd/- |
Sd/- |
|
Vishal Thakkar |
Bhavika Thakkar |
Place: Mumbai |
Managing Director |
Director |
Date: 13-08-2025 |
DIN:09798551 |
DIN: 09854905 |
|