TO THE MEMBERS OF OASIS SECURITIES LIMITED
The Board of Directors present their 38th Annual Report of Oasis Securities
Limited ("the Company") along with the audited financial statements for the
financial year ended March 31, 2025.
FINANCIAL RESULTS
The summary of the financial results of the Company for the year ended March 31, 2025,
are as follows:
Particulars |
Year ended |
Year ended |
|
March 31, 2025 |
March 31, 2024 |
| Revenue from operations & other Income |
167.27 |
381.25 |
| Profit /(Loss) before Depreciation and Taxation |
114.58 |
183.92 |
| Less: Depreciation & Amortization |
2.85 |
6.39 |
| Profit / Loss before Tax |
111.73 |
177.53 |
| i)Tax Expenses: Current Tax |
25.21 |
31.65 |
| ii) Deferred tax |
0.27 |
3.65 |
| iii)Tax for earlier years & excess /short provision |
-- |
-- |
| iv) MAT Credit |
-- |
0.72 |
| Net Profit / (Loss) for the year |
86.79 |
141.51 |
Other Comprehensive Income- Re-measurement gains/(losses) on
defined benefit plans |
-- |
(5.35) |
| Total comprehensive income/ (loss) for the year |
86.79 |
136.16 |
OPERATIONS / STATE OF COMPANY'S AFFAIRS
The previous promoters of the Company, Oasis Securities Ltd., entered into a Share
Purchase Agreement (SPA) with Mr. Rajesh Kumar Sodhani, Ms. Priya Sodhani, and Mr. Gyan
Chand Jain for the sale of 13,06,951 fully paid-up equity shares, constituting 70.65% of
the total paid-up share capital and voting rights of the Company.
In accordance with the terms of the SPA, an application was submitted to the Reserve
Bank of India (RBI), Mumbai Regional Office, seeking approval for the proposed change in
control and management of the Company. The RBI granted its approval vide Letter No.
CO.DOS.DSD.No. S1420/02-13-001/2024-25 dated May 24, 2024.
Following the RBI's approval, the acquirers proceeded with the Open Offer in compliance
with the
SEBI (Substantial Acquisition of Shares and Takeovers) Regulations. Upon successful
completion of the Open Offer process, the change in management of the Company was duly
implemented.
Further, during the year under review, the Company recorded revenue of Rs. 167.27
Lakhs, as compared to Rs. 381.25 Lakhs in the previous financial year. After meeting
administrative and tax expenses, the Company reported a net profit of Rs. 86.79 Lakhs,
against Rs. 141.51 Lakhs in the preceding year.
TRANSFER TO STATUTORY RESERVE FUND
During the Period under review, pursuant to Section 134(3)(J) of the Companies Act,
2013 and Section 45-IC (1) of Reserve Bank of India (‘RBI') Act, 1934 the Company has
transferred amounts in the Reserves
Reserve Head |
Opening Balance |
Addition |
Deduction |
Closing Balance |
| Statutory Reserve U/s 45-IC of RBI Act, 1934 |
316.39 |
17.36 |
- |
333.75 |
MATERIAL CHANGES AND COMMITMENTS AFTER THE END OF THE FINANCIAL YEAR
There have been no material changes affecting the financial position of the Company,
after the closure of FY 2024-25 till the date of this Report.
DIVIDEND
The Board of your Company decided not to transfer any amount to the General Reserve and
retain the entire amount of profit under Retained Earnings. For complete details on
movement in Reserves and Surplus during the financial year ended March 31, 2025, please
refer to the ‘Statement of Changes in Equity' included in the standalone financial
statements of this Annual Report.
Additionally, to conserve the resources of the company and requirement of working
capital, Directors do not recommend any dividend for the year under consideration.
SHARE CAPITAL
During the year under review, the Company undertook a sub-division (stock split) of its
equity shares to improve liquidity, making the shares more affordable for small investors,
and to widen the shareholder base. Pursuant to the approval of the Members, each equity
share of face value of Rs. 10/- (Rupees Ten only) was sub-divided into face value of Re.
1/- (Rupee One only) each.
As on March 31, 2025, the authorised share capital of the Company stood at Rs.
5,00,00,000/- (Rupees Five Crores only) divided into 5,00,00,000 equity shares of face
value of Re. 1/- each. The issued, subscribed and paid-up share capital of the Company
stood at Rs. 1,85,00,000/- (Rupees One Crore Eighty-Five Lakhs only) divided into
1,85,00,000equity shares of face value of Re. 1/- each.
During FY 2024-25, the Company has not issued any shares, securities / instruments
convertible into equity shares, sweat equity shares and shares with differential voting
rights.
DIRECTORS AND KEY MANAGERIAL PERSONNEL
The Board plays crucial role in overseeing how the management serves the short and long
term interests of shareholders and other stakeholders. This belief is reflected in our
governance practices, under which we strive to maintain an effective, informed and
independent Board of Directors and keep our governance practices under continuous review.
As on March 31, 2025 the total Board strength comprises of 6 (Six) including 2 (Two)
Executive, 2 (Two) Non-Executive and 2 (Two) Independent Directors:
Name |
Designation |
DIN |
Date of Appointment |
| 1. Mr. Rajesh Kumar Sodhani |
Managing Director |
02516856 |
18/07/2024 |
| 2. Mr. Devi Dutt Agarwal |
Whole Time Director and CFO |
10631960 |
18/07/2024 |
| 3. Mrs. Priya Sodhani |
Non-Executive Director |
02523843 |
18/07/2024 |
| 4. Mr. Gyan Chand Jain |
Non-Executive Director |
01220412 |
18/07/2024 |
| 5. Mrs. Meenu Kabra |
Independent Director |
10269674 |
05/08/2024 |
| 6. Mr. Manish Bihani |
Additional Independent Director |
03466971 |
11/02/2025 |
During the period under review, the following changes have occurred in the constitution
of board of
Directors and KMP's:
Name Of Director/KMP |
DIN/PAN |
Designation |
Date Of Appointmen t/ Cessation |
Nature of change (Appointment/Cessation) |
| 1 Devi Dutt |
10631960 |
Additional Director |
18/07/2024 |
Appointment |
| Agarwal |
|
Whole Time Director |
05/08/2024 |
Appointment and Change in Designation |
| 2 Priya Sodhani |
02523843 |
Additional Director |
18/07/2024 |
Appointment |
|
|
Director |
18/09/2024 |
Change in Designation |
| 3 Rajesh Kumar |
02516856 |
Additional Director |
18/07/2024 |
Appointment |
| Sodhani |
|
Managing Director |
05/08/2024 |
Appointment and Change in Designation |
| 4 Gyan Chand Jain |
01220412 |
Additional Director |
18/07/2024 |
Appointment |
|
|
Director |
18/09/2024 |
Change in Designation |
| 5 Indra Kumar Bagri |
00014384 |
Director |
18/07/2024 |
Cessation |
| 6 Vimal Pannalal Damani |
00014486 |
Independent Director |
18/07/2024 |
Cessation |
| 7 Smita Naresh Pachisia |
07141023 |
Independent Director |
18/07/2024 |
Cessation |
| 8 Anil Kumar Bagri |
00014338 |
Managing Director |
18/07/2024 |
Cessation |
| 9. Narendra Thandvi |
AANPT5447 R |
CFO |
18/07/2024 |
Cessation |
| 10. Dinesh Kumar Bhattar |
03377478 |
Additional Independent Director |
05/08/2024 |
Appointment |
|
|
Independent Director |
18/09/2024 |
Change in Designation |
| 11. Meenu Kabra |
10269674 |
Additional Independent Director |
05/08/2024 |
Appointment |
|
|
Independent Director |
18/09/2024 |
Change in Designation |
| 12. Dinesh Kumar Bhattar |
03377478 |
Independent Director |
04/02/2025 |
Cessation |
| 13. Manish Bihani |
03466971 |
Additional Director |
11/02/2025 |
Appointment |
| 14. Devi Dutt Agarwal |
*****6965A |
CFO |
06/11/2024 |
Appointment |
In accordance with the provisions of Section 152 of the Act read with Articles of
Association, Mr. Gyan Chand Jain (DIN: 01220412), Director of the Company, retires by
rotation at the ensuing Annual General Meeting (AGM) in accordance with Section 152(6) of
the Companies Act, 2013 and he is eligible for re-appointment.
Pursuant to the provisions of Section 203 of the Companies Act, 2013, the following
individuals have been designated as Key Managerial Personnel (KMP) of the Company:
| ? Mr. Devi Dutt Agarwal (DIN: 10631960) Whole-Time Director and Chief
Financial Officer |
| ? Ms. Kirti Mool Chand Jain Company Secretary and Compliance Officer |
INDEPENDENT DIRECTORS
In compliance of Section 149 of Companies Act, 2013, a separate meeting of Independent
Directors was held on February 15, 2025 inter alia, to discuss
a. Review of the performance of Non-Independent Directors and the Board of Directors as
a whole. b. Review of the performance of the Chairman of the Company taking into account
the views of the
Executive and Non-Executive Directors. c. Assess the quality, content and timeliness of
flow of information between the management and the Board that is necessary for the Board
to effectively and reasonably perform their duties.
Attendance of Independent Directors at the meeting held on February 15, 2025 is given
hereunder:
Name of Director |
Attendance there at |
| Mrs. Meenu Kabra |
|
| Mr. Manish Bihani |
|
DECLARATION BY INDEPENDENT DIRECTORS
The Company has received declarations from all the Independent Directors confirming
that they meet the criteria of independence as prescribed under the provisions of the Act,
read with the Schedules and Rules issued thereunder (including any statutory
modification(s) or re-enactment(s) thereof for the time being in force). The Independent
Directors have also confirmed that they have complied with the Company's code of conduct
prescribed in Schedule IV to the Companies Act, 2013.
It is to be further noted that and per the provisions of Rule 6 of the Companies
(Appointment and Qualifications of Directors) Rules, 2014 (as amended from time to time),
every Independent Director appointed in the company required to clear the online
proficiency self-assessment test conducted by the institute within a period of two years
from the date of inclusion of his/her name in the data bank, failing which, his/her name
shall stand removed from the databank of the Institute. In accordance to the said, all the
Independent Directors of the company have registered their name as Independent
Directors in Database of IICA and shall appear in the online proficiency
self-assessment test within the specified period.
NUMBER OF MEETING OF BOARD OF DIRECTORS
During the Financial Year, the Company held 08 board meetings of the Board of Directors
as per Section 173 of Companies Act, 2013 which is summarized below. The provisions of the
Companies Act, 2013 were adhered to while considering the time gap between the two
meetings.
|
|
Date of Board Meetings and Attendance there at |
|
Name of the Directors |
28/05/ |
15/07 |
18/07 |
05/08 |
22/08/ |
06/11 |
15/01/ |
11/02/ |
|
2024 |
/2024 |
/2024 |
/2024 |
2024 |
/2024 |
2025 |
2025 |
| Indra Kumar Bagri |
|
|
|
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
| Vimal Pannalal Damani |
|
|
|
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
| Smita Naresh Pachisia |
|
|
|
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
| Anil Kumar Bagri |
|
|
|
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
| Devi Dutt Agarwal |
N.A. |
N.A. |
|
|
|
|
|
|
| Rajesh Kumar Sodhani |
N.A. |
N.A. |
|
|
|
|
|
|
| Gyan Chand Jain |
N.A. |
N.A. |
|
|
|
|
|
|
| Priya Sodhani |
N.A. |
N.A. |
|
|
|
|
|
|
| Meenu Kabra |
N.A. |
N.A. |
N.A. |
|
|
|
|
|
| Dinesh Kumar Bhattar |
N.A. |
N.A. |
N.A. |
|
|
|
|
N.A. |
| Manish Bihani |
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
AUDIT COMMITTEE
The Audit Committee of the Company comprises of 2 (Two) Non-Executive Independent
Directors and One Executive Director and is constituted in accordance with the
requirements of the Companies Act 2013. All the members of the committee are financially
literate and possess thorough knowledge of accounting principles. The board has accepted
the recommendations of the Audit Committee.
The composition of the Committee and attendance of the members at the meetings of the
Committee is as under:
Name of Committee Members |
Designation/ Category |
Attendance of the members at the Committee Meetings |
|
|
May 28, 2024 |
July 15, 2024 |
|
Chairman- Independent |
|
|
| Vimal Pannalal Damani |
|
Yes |
Yes |
|
Director |
|
|
|
Member- Independent |
|
|
| Smita Naresh Pachisia |
|
Yes |
Yes |
|
Director |
|
|
| Anil Kumar Bagri |
Member- Managing Director |
Yes |
Yes |
Further, pursuant to the change in the composition of the Board of Directors, the Audit
Committee has been reconstituted in compliance with the provisions of the Companies Act,
2013. The revised composition of the Committee and the attendance of its members at the
meetings are as follows:
| Name of Committee Members |
Designation/ Category |
Attendance of the members at the Committee Meetings |
|
|
November 06, 2024 |
January 15, 2025 |
February 04, 2025 |
| Dinesh Kumar Bhattar |
Chairman- Independent Director |
Yes |
Yes |
Yes |
| Meenu Kabra |
Member- Independent Director |
Yes |
Yes |
Yes |
| Devi Dutt Agrawal |
Member- Whole Time Director |
Yes |
Yes |
Yes |
Furthermore, due to the resignation of Mr. Dinesh Kumar Bhattar, the Committee was
reconstituted. The composition of the Audit Committee as on March 31, 2025, is as follows:
Name of Committee Members |
Designation/ Category |
| Devi Dutt Agrawal |
Chairman- Whole Time Director |
| Meenu Kabra |
Member- Independent Director |
| Manish Bihani |
Member- Independent Director |
NOMINATION AND REMUNERATION COMMITTEE
The Nomination and Remuneration Committee of the Company comprises of 3 (Three)
Non-Executive Independent Directors and is constituted in accordance with the requirements
of the Companies Act 2013. All the members of the committee are financially literate and
possess thorough knowledge of accounting principles. The board has accepted the
recommendations of the Nomination and Remuneration Committee.
The composition of the Committee and attendance of the members at the meetings of the
Committee is as under:
Name of Committee Members |
Designation/ Category |
Attendance of the members at the Committee Meetings |
|
|
May 28, 2024 |
July 18, 2024 |
| Vimal Pannalal Damani |
Chairman- Independent Director |
Yes |
Yes |
| Smita Naresh Pachisia |
Member- Independent Director |
Yes |
Yes |
| Indra Kumar Bagri |
Member- Non - Executive Director |
Yes |
Yes |
Further, pursuant to the change in the composition of the Board of Directors, the
Nomination and Remuneration Committee has been reconstituted in compliance with the
provisions of the Companies Act, 2013. The revised composition of the Committee and the
attendance of its members at the meetings are as follows:
Name of Committee Members |
Designation/ Category |
Attendance of the members at the Committee Meeting |
|
|
February 11, 2025 |
| Dinesh Kumar Bhattar |
Chairman- Independent Director |
Yes |
| Meenu Kabra |
Member- Independent Director |
Yes |
| Gyan Chand Jain |
Member- Non - Executive Director |
Yes |
Furthermore, due to the resignation of Mr. Dinesh Kumar Bhattar, the Committee was
reconstituted. The composition of the Nomination and Remuneration Committee as on March
31, 2025, is as follows:
Name of Committee Members |
Designation/ Category |
| Meenu Kabra Manish Bihani |
Chairman- Independent Director |
|
Member- Independent Director |
| Gyan Chand Jain |
Member- Non - Executive Director |
STAKEHOLDER RELATIONSHIP COMMITTEE
The Stakeholder Relationship Committee of the Company comprises of 3 (Three) Directors.
The composition of the Committee and attendance of the members at the meetings of the
Committee is as under:
Name of Committee Members |
Designation/ Category |
| Indra Kumar Bagri |
Chairman- Non - Executive Director |
| Anil Kumar Bagri |
Member- Managing Director |
| Vimal Pannalal Damani |
Member- Independent Director |
Further, pursuant to the change in the composition of the Board of Directors, the
Stakeholder Relationship Committee has been reconstituted. The revised composition of the
Committee and the attendance of its members at the meetings are as follows:
Name of Committee Members |
Designation/ Category |
| Dinesh Kumar Bhattar |
Chairman- Independent Director |
| Meenu Kabra |
Member- Independent Director |
| Gyan Chand Jain |
Member- Non - Executive Director |
| Rajesh Kumar Sodhani |
Member- Managing Director |
Furthermore, due to the resignation of Mr. Dinesh Kumar Bhattar, the Committee was
reconstituted. The composition of the Committee as on March 31, 2025 and attendance of the
members at the meetings of the Committee is as under:
Name of Committee Members |
Designation/ Category |
Attendance of the members at the Committee Meeting |
|
|
March 29, 2025 |
| Gyan Chand Jain |
Chairman- Non - Executive Director |
Yes |
| Manish Bihani |
Member- Independent Director |
Yes |
| Meenu Kabra |
Member- Independent Director |
Yes |
| Rajesh Kumar Sodhani |
Member- Managing Director |
Yes |
CORPORATE SOCIAL RESPONSIBILITY
The provisions of Section 135 of the Companies Act, 2013 relating to Corporate Social
Responsibility (CSR) are not applicable to the Company for the financial year under
review.
WHISTLE BLOWER POLICY / VIGIL MECHANISM
The Company is committed to adhere to the highest standards of ethical, moral and legal
conduct of business operations. To maintain these standards, the Company encourages its
employees who have concerns about suspected misconduct to come forward and express these
concerns without fear of punishment or unfair treatment. A Vigil (Whistle Blower)
Mechanism formulated by the Company provides a channel to the employees and Directors to
report to the management concerns about unethical behavior, actual or suspected fraud or
violation of the Codes of Conduct or Policy. The mechanism provides for adequate
safeguards against victimization of employees and Directors to avail of the mechanism and
also provide for direct access to the Managing Director/Chairman of the Audit Committee in
exceptional cases. The revised policy is placed on the website of the Company which
includes provisions enabling employees to report instances of leak of unpublished price
sensitive information as per Reg.9A, Sub Reg.6 of SEBI (Prohibition of Insider Trading)
Regulations, 2015. Web link: www.oasiscaps.com.
POLICY ON DIRECTORS' APPOINTMENT AND REMUNERATION AND CRITERIA FOR INDEPENDENT
DIRECTORS
The Remuneration Policy for directors and senior management and the Criteria for
selection of candidates for appointment as directors, independent directors, and senior
management are placed on the website of the Company i.e. www.oasiscaps.com.
There has been no change in the policies since the last fiscal year.
The Board of Directors affirms that the remuneration paid to the directors is as per
the terms laid out in the Remuneration Policy of the Company.
DIRECTORS' RESPONSIBILITY STATEMENT
Pursuant to Section 134(5) of the Companies Act, 2013 the Board of Directors of the
Company confirms 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
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) Company being unlisted sub clause (e) of section 134(5) is not applicable.
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.
ADEQUACY OF INTERNAL FINANCIAL CONTROLS
The Company has proper and adequate system of internal financial controls commensurate
with its nature and size of business and meets the following objectives:
a) Providing assurance regarding the effectiveness and efficiency of operations b)
Efficient use and safe guarding of resources c) Compliance with policies, procedures and
applicable laws and regulations and d) Transactions being accurately reported and recorded
timely
The Company has budgetary control system to monitor expenditures and operations against
budgets on an on-going basis.
The internal auditor also regularly reviews the adequacy of internal financial control
system.
DETAILS OF SUBSIDIARIES / JOINT VENTURES / ASSOCIATES
The company does not have any subsidiary, Associate and Joint venture Company.
ANNUAL RETURN
Pursuant to Section 92(3) read with Section 134(3)(a) of the Act, the Annual Return as
on March 31, 2025 is available on the Company's website on www.oasiscaps.com.
AUDITORS
STATUTORY AUDITOR AND REPORT THEREON
At the 37th Annual General Meeting held on September 18, 2024, the Members
approved appointment of M/s Rajvanshi & Associates, Chartered Accountants, (FRN:
005069C) as Statutory Auditors of the Company to hold office for a period of five years
from the conclusion of this Annual General Meeting till the conclusion of Annual General
Meeting to be held for the Financial Year 2028-29.
Pursuant to Section 139 and 141 of the Companies Act, 2013 and relevant Rules
prescribed there under, the Company has received certificate from the Auditors to the
effect, inter-alia, that their reappointment would be within the limits laid down by the
Act, shall be as per the term provided under the Act, that they are not disqualified for
such appointment under the provisions of applicable laws.
There are no observations (including any qualification, reservation, adverse remark or
disclaimer) of the Auditors in their Audit Reports that may call for any explanation from
the Directors.
During the review under Section 143 (12) of the Companies Act, 2013, the statutory
auditor has not reported instances of fraud committed against the Company by its officers
or employees to the audit committee, the details of which would need to be mentioned in
the Board's report.
SECRETARIAL AUDITOR AND REPORT THEREON
In terms of the provisions of Section 204 of the Act read with the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 (as amended from time
to time), the Board had appointed M/s ARMS & Associates LLP, Company Secretaries, as
Secretarial Auditor to undertake the Secretarial Audit of the Company for the FY 2024-25.
Further, pursuant to the provisions of Regulation 24A of the Listing Regulations and in
accordance with Section 204 of the Act, basis recommendation of the Board, the Company is
required to appoint Secretarial Auditor, with the approval of the Members at its AGM.
In light of the aforesaid, the Board of the Company has recommended the appointment of
M/s ARMS & Associates LLP, Company Secretaries (Firm Registration Number
P2011RJ023700) as the Secretarial Auditor of the Company for a period of 5 (five)
consecutive financial years i.e. from FY 2025-26 up to FY 2029-30, subject to approval of
the Members at the ensuing AGM of the Company, to undertake Secretarial Audit as required
under the Act and Listing Regulations and issue the necessary Secretarial Audit Report for
the aforesaid period.
Further, the Secretarial Auditor has confirmed that they have subjected themselves to
Peer Review process by the Institute of Company Secretaries of India ("ICSI")
and hold valid certificate issued by the Peer Review Board of ICSI.
The Secretarial Audit Report of the Company issued by the Secretarial Auditor has been
appended as
Annexure I to this Board's Report.
There is no adverse remark, qualifications or reservation in the Secretarial Audit
Report of the Company.
INTERNAL AUDITOR AND REPORT THEREON
The Board at its Meeting held on November 06, 2024 had appointed M/s Bhatter &
Company as the Internal Auditors of the Company.
The periodic reports of the said Internal Auditors are regularly placed and reviewed by
the Audit Committee and Board of Directors. The periodic Internal Audit Report received
for the financial Year 2024-2025 is free from any qualification, further the notes on
accounts are self-explanatory and the observations were looked into by the management.
During the financial year 2024-2025, no fraud was reported by the Internal Auditor of
the Company in their Audit Report.
ENERGY CONSERVATION, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNINGS AND OUTGO
In view of the nature of the Company's business as a Non-Banking Financial Company
(NBFC), the particulars relating to conservation of energy and technology absorption are
not applicable. However, the Company continues to take appropriate measures to conserve
energy across its operations."
There were no foreign exchange earnings or outgo during the year under report.
PARTICULARS OF EMPLOYEES
Pursuant to Section 197 of the Act read with rule 5(1) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014 the particulars of employees are
annexed as
Annexure II.
PUBLIC DEPOSITS
The Company has not accepted any deposits from public during the year.
SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORY / JUDICIAL AUTHORITY
The Company has not received any significant and material orders, passed by the
regulators and courts or tribunal that materially impacts the ongoing status of the
Company and its future operations.
PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS
The Company has not given any loans or guarantees or made investments pursuant to the
provisions of the Section 186 of the Companies Act, 2013 during the year under report.
RISK MANAGEMENT POLICY
The Board of Directors of the Company has framed a risk management policy and is
responsible for reviewing the risk management plan and ensuring its effectiveness. The
audit committee has additional oversight in the area of financial risks and controls.
Major risks identified by the businesses and functions are systematically addressed
through mitigating actions on a continuing basis.
RELATED PARTY TRANSACTIONS
All contracts/ arrangements/ transactions entered by the Company during the FY 2024-25
with related parties were on an arm's length basis and in the ordinary course of business
and approved by the Audit Committee and omnibus approval were obtained, where applicable.
During the year under review, there has been no materially significant Related Party
Transactions having potential conflict with the interest of the Company. Necessary
disclosures required under the AS 18 have been made in the Notes to the Financial
Statements for the year ended March 31, 2025.
EVALUATION OF BOARD, ITS COMMITTEES AND INDIVIDUAL DIRECTORS
An annual evaluation of the Board's own performance, Board committees and individual
directors was carried out pursuant to the provisions of the Act in the following manner:
Performance evaluation of |
Performance evaluation performed by |
Criteria |
| 1 Each Individual directors |
Nomination and Remuneration Committee |
Attendance, Contribution to the Board and committee meetings like
preparedness on the issues to be discussed, meaningful and constructive contribution and
guidance provided, key performance aspects in case of executive directors etc. |
| Independent |
Entire Board of Directors excluding |
Attendance, Contribution to the Board and committee meetings like
preparedness on the issues |
| 2 Directors |
the director who is being evaluated |
to be discussed, meaningful and constructive contribution and guidance
provided etc. |
| 3 Board and its committees |
All directors |
Board composition and structure; effectiveness of Board processes,
information and functioning, fulfillment of key responsibilities, performance of specific
duties and obligations, timely flow of information etc. |
|
|
The assessment of committees based on the terms of reference of the
committees and effectiveness of the meetings. |
POLICY ON PREVENTION, PROHIBITION AND REDRESSAL OF SEXUAL HARASSMENT AT WORKPLACE
In order to prevent sexual harassment of women at workplace "The Sexual Harassment
of Women at
Workplace (Prevention, Prohibition and Redressal) Act, 2013" was notified on
December 09, 2013, under the said Act, every Company is required to set up an Internal
Complaints Committee to look into complaints relating to sexual harassment at workplace of
any women employee.
In terms of the provisions of the said Act, the Company has adopted a Policy on
Prevention, Prohibition and Redressal of Sexual Harassment at the Workplace.
Company has formed an "Internal Complaints Committee" for prevention and
redressal of sexual harassment at Workplace. The Committee is having requisite members and
is chaired by a senior woman member of the organization. The following is a summary of
sexual harassment complaints received and disposed off during the year 2024-25:
| Number of complaints pending at the beginning of the Financial Year |
NIL |
Number of complaints received during the Financial Year |
NIL |
Number of complaints disposed off during the Financial Year |
NIL |
Number of complaints unsolved at the end of the Financial Year |
NIL |
| Number of cases pending for more than ninety days |
NIL |
LISTING FEES
The Company has paid the listing fees to BSE Ltd. for the year 2025-2026.
DISCLOSURE UNDER THE MATERNITY BENEFIT (AMENDMENT) ACT, 2017
The Company is in compliance with the provisions of the Maternity Benefit Act, 1961,
which ensures maternity benefits to women employees as per applicable law. During the
financial year ended March 31, 2025, the provisions of the Act were applicable to the
Company; however, no instances arose wherein maternity benefits were availed by any
woman employee of the Company.
The Company remains committed to providing a safe, inclusive, and supportive work
environment for all employees, in line with applicable laws and best practices.
INSIDER TRADING REGULATIONS AND CODE OF DISCLOSURE
The Board of Directors has adopted the Code of Practices and Procedures for Fair
Disclosure of Unpublished Price Sensitive Information and Code of Internal Procedures and
Conduct for Regulating, Monitoring and Reporting of Trading by Insiders in accordance with
the requirements of the SEBI (Prohibition of Insider Trading) Regulation, 2015 and is
available on our website. The web link is www.oasiscaps.com.
MANAGEMENT'S DISCUSSION AND ANALYSIS
The shareholders are advised to refer to the separate section on the Management
Discussion and Analysis in this Report as Annexure III.
CORPORATE GOVERNANCE REPORT
As per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
Corporate
Governance is not applicable to the Company.
MAINTENANCE OF COST RECORDS
Maintenance of cost records and requirement of cost audit as prescribed under the
provisions of Section 148(1) of the Companies Act, 2013 are not applicable to the business
activities of the Company.
COMPLIANCES OF 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 effectively.
ACKNOWLEDGMENTS
The directors express their earnest gratitude to all the customers, business partners,
bankers, and auditors for their continued support and association with the Company. We
also wish to thank the Government and all statutory authorities for their unwavering
support and co-operation and place on record our appreciation of the dedication and hard
work of the employees, individually and collectively, in the overall progress of the
Company during the year.
The directors would like to particularly thank and place on record their gratitude to
all the members of the Company for their faith in the management and continued affiliation
with the Company.
|
By Order of the Board of Directors |
|
for Oasis Securities Limited |
Rajesh Kumar Sodhani |
Devi Dutt Agarwal |
Managing Director |
Whole Time Director and CFO |
DIN: 02516856 |
DIN: 10631960 |
|
Jaipur, June 30, 2025 |
Registered Office: |
|
| Raja Bahadur Compound Bldg No 5 2nd Floor 43 Tamarind Lane,
Mumbai-400023 Maharashtra |
| Tel.: 91-9257056969; Email: admin@oasiscaps.com; Website:
www.oasiscaps.com; |
| CIN: L51900MH1986PLC041499 |
|