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Morgan Ventures Ltd			Industry : Finance & Investments


BSE Code:	526237	NSE Symbol:	Not Listed	P/E(TTM):	4.62

ISIN Demat:	INE902C01015	Div & Yield %:	0	EPS(TTM):	24.75

Book Value(Rs):	90.161903	Market Cap ( Cr.):	113.11	Face Value(Rs):	10

Change Company

To The Members of Morgan Ventures Limited

Your Directors are pleased to present the 33^rd Annual Report on the business and operations together with Audited Balance Sheet as at 31^st March, 2020 and Profit & Loss Account of the Company for the period ended on 31^st March, 2020.

FINANCIAL RESULTS

Your Company's performance during the year as compared with the previous year is summarized as below:

(Amount in Rs. thousands)

Particulars	For the Current Year ended 31.03.2020	For the Previous Year ended 31.03.2019
Total Revenue	12,308.90	(29,280.50)
Total Expenses	12,791.88	2,168.50
Profit before Tax	(482.98)	(31,449)
Tax Expenses:
Current Tax	-	42.10
Adjustment of tax relating to earlier periods	1.68
MAT Credit Entitlement utilised/ (Claimed)	(81.03)
Deferred Tax	599.97	(8,641.35)
Net Profit	(1,003.60)	(22,849.75)
Other Comprehensive Income	-	-
Earning Per Share
Basic	(0.10)	(2.31)
Diluted	(0.10)	(2.31)

DIVIDEND

With a view to conserve the resources to meet the fund requirements of the Company, your directors express their inability to recommend dividend for the year under report.

TRANSFER TO RESERVE

The Board of Directors of your company, has decided not to transfer any amount to the Reserves for the year under review

MATERIAL CHANGES & COMMITMENTS

There have been no material changes and commitment which affect the financial position of the company which have occurred between the end of the financial year to which the financial statements relate and the date of this Report

DIRECTORS & KEY MANAGERIAL PERSONNEL

During the financial year, there are following changes in Board of Directors and Key Managerial Personnels of the Company.

Mr. Shashank Mishra, Company Secretary has resigned w.e.f. 23^rd April, 2019.

Mr. Ajit Prasad Singh was appointed as Company Secretary of the Company w.e.f. 30^th May, 2019. Further, Mr. Ajit Prasad Singh resigned from his office with effect from 31^st July, 2019.

Mr. S.C. Goyal, Managing Director retires from his office w.e.f. 29^th July, 2019.

Mr. S.C. Goyal has resigned from directorship w.e.f. 14^th August, 2019.

Mr. Shahzeb Khan was appointed as Managing Director of the Company w.e.f. 14^th August, 2019.

Mr. Naveen Bhatnagar was appointed as Company Secretary of the Company w.e.f. 01^st August, 2019.

Mrs. Kamlesh, Director of the Company retires by rotation and being eligible offers herself for re-appointment. The Board recommends her appointment at ensuing Annual General Meeting.

Mr. Naveen Bhatnagar has resigned from his office w.e.f. 02^nd January, 2020.

Mr. Anand Kumar Mishra was appointed as Company Secretary of the Company w.e.f. 01^st February, 2020.

PUBLIC DEPOSITS

The Company has not accepted, invited or renewed any public deposits during the period under review. The Company has no deposits which are due or unclaimed at the end of the year.

SUBSIDIARIES & JOINT VENTURES

The Company is not having any subsidiary neither Company has entered into any joint venture agreement during the year.

AUDITORS & AUDITORS' REPORT

M/s R. Tayal & Associates, Chartered Accountants was appointed as Statutory Auditors of the Company for a term of 4 (Four) consecutive years, at the Annual General Meeting of the Company held on 29^th September, 2018.

The observations and comments given by the Auditors in their report read together with notes on Financial Statements are self-explanatory and hence do not call for any further comments under Section 134 of the Companies Act, 2013

DETAILS OF FRAUD REPORTED BY AUDITOR

As per Auditors' report, no fraud under Section 143(12) of the Companies Act, 2013 is reported by the Auditor

BOARD'S COMMENT ON THE AUDITORS' REPORT

The observations of the Statutory Auditors when read together with the relevant notes to the accounts and accounting policies are self-explanatory and do not call for any further comments.

PARTICULARS OF LOANS AND INVESTMENT

Loans, guarantees and investments covered under Section 186 of the Companies Act, 2013 form part of the Notes to the Financial Statements provided in this Annual Report.

SECRETARIAL AUDITORS & SECRETARIAL AUDIT REPORT

M/s Anuj Gupta & Associates, Practicing Company Secretaries, was appointed to conduct the Secretarial Audit of the Company for the financial year 2019-2020, as required under Section 204 of the Companies Act, 2013 read with rules made thereunder.

The Secretarial Audit report for the financial year 2019-2020 is self-explanatory and forms part of the annual Report and Annexed with the Board Report of the Company.

COMPLIANCE WITH THE INDIAN ACCOUNTING STANDARDS & indAS APPLICABILITY

In compliance with Rules as applicable by Ministry of Corporate Affairs under Companies (Indian Accounting Standards) Rules, 2015, The Company has to prepare its annual accounts and other financial statements as per Indian Accounting Standards with effect from 01^st April, 2019.

Therefore, The Company start preparing its accounts and other financial statements in accordance with the relevant accounting principles and complies with the relevent Indian accounting standards

COMPLIANCE WITH THE SECRETARIAL STANDARDS

The Company has made compliances in accordance with the Secretarial Standards as issued by the Institute of Company Secretaries of India.

Company has conducted all of its meetings of Board and relevant committee meetings and drafted its minutes in accordance with the SS-1 and SS-2 standards issued by the Institute of Company Secretaries of India.

INTERNAL AUDITOR AND REPORT

The Board of Directors of your Company appointed Pawan Sachdeva & Company, Practicing Chartered Accountants firm as Internal Auditor of the Company for the financial year 2019-2020.

The Internal Auditor conducts the internal audit as per internal audit standards and places before the board the internal audit report from time to time.

CORPORATE SOCIAL RESPONSIBILITY

Your Company does not come within the ambit of criteria provided under Section 135 of the Companies Act, 2013.

Therefore, the Company has not undertaken activities under Corporate Social Responsibility.

STOCK EXCHANGE LISTING & COMPLIANCES

The Equity Shares of your Company are continued to be listed on Bombay Stock Exchange Limited, Mumbai. The Company confirms that the Annual Listing fee to Bombay Stock Exchange Limited has been paid and is up to date.

PARTICULARS OF EMPLOYEES

During the Financial Year, None of the Company's employees was in receipt of remuneration as prescribed under Section 197 (14) of the Companies Act, 2013 read with rules made thereunder and hence no particulars are required to be disclosed in this Report.

DIRECTORS RESPONSIBILITY STATEMENT

As per provisions of Section 134 (3) (c) & 134 (5) of the Companies Act, 2013, Your Directors confirms as under:-

a) that in the preparation of annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

b) that the Directors had selected such accounting policies and applied them consistently and made judgements 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 31.03.2020 and of the profit and loss of the Company for the period ended 31.03.2020;

c) that the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) that the Directors had prepared the annual accounts on a going concern basis;

e) that the Directors had laid down internal financial controls to be followed by the Company and that such internal financial control are adequate and were operating effectively.

f) that 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.

BOARD MEETINGS DURING THE YEAR

The Board of Directors met 6 (Six) times in the Financial Year 2019-2020 i.e. 30^th May, 2019; 26^thJuly, 2019; 14^th August, 2019; 14^th November, 2019; 31^st January, 2020 and 14^th February, 2020. The details of the Board Meetings and the attendance of the Directors are provided in the Corporate Governance Report.

PERFORMANCE EVALUATION OF BOARD, COMMITTEE AND DIRECTORS

The Board is committed to bring transparency in determining its performance, committees and in assessing the performance of members.

During the year the Board with the assistance of Nomination and Remuneration Committee has completed the Evaluation exercise, which includes the evaluation of Board as whole, committees and Directors, as per the internally designed evaluation process approved by the Board.

CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES

All related party transactions that were entered into during the financial year ended 31st March, 2020 were on an arm's length basis and were in the ordinary course of business. Therefore, the provisions of Section 188 of the Companies Act, 2013 were not attracted. Further, there are no materially significant related party transactions during the year under review made by the Company with Promoters, Directors, or other designated persons which may have a potential conflict with the interest of the Company at large. Thus, disclosure in Form AOC-2 is not required. However, the disclosure of transactions with related party for the year, as per Indian Accounting Standards Related Party Disclosures is given in Note no 29 to the Balance Sheet as on 31^st March, 2020.

MANAGEMENT DISCUSSION & ANALYSIS REPORT

Pursuant to the provisions of Regulation 34 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, Management Discussion & Analysis Report is attached to Annual Report.

EXTRACT OF ANNUAL RETURN

In accordance with Section 134 (3) (a) of the Companies Act, 2013, an extract of the Annual Return in the prescribed format is appended as Annexure to the Board's Report.

CORPORATE GOVERNANCE

Your Company is committed to maintain the high standards of Corporate Governance. Your Directors adhere to the requirements set out by the Securities and Exchange Board of India's Corporate Governance Practices and have implemented all the stipulations prescribed.

A separate report on Corporate Governance is given in the Annual Report are annexed hereto as part of Annual Report along with Auditors' Certificate on its due compliance.

Corporate Governance report is attached to Annual Report.

INTERNAL FINANCIAL CONTROL

The Board has adopted the policies and procedures for ensuring the orderly and efficient conduct of its business, including adherence to the Company's policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records and the timely preparation of reliable financial disclosures.

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS, COURTS AND TRIBUNALS

No significant and material order has been passed by the regulators, courts, tribunals impacting the going concern status and Company's operations in future.

IMPACT OF COVID-19 PANDEMIC

COVID -19 continues to spread across the globe and India, which has contributed to a significant decline and volatility in global and Indian Financial Markets and a significant decrease in the overall economic activities. On March 24, 2020, the Government of India announced a strict 21 days lockdown which has been further extended across the country to contain the spread of virus. Covid-19 presented us an operational challenge and required recalibrating the management methodology for sales, collections, operations, and customers / policyholders servicing etc. The Company believes that it has taken into account all the possible impact of known events arising out of COVID-19 pandemic in the preparation of financial statements. However, the impact assessment of COVID-19 is a continuing process given its nature and duration. The Company continues to monitor for any material changes to future economic conditions.

CONSERVATION OF ENERGY, TECHNOLONY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

a. Conservation of Energy & Technology Absorption : Since the Company is engaged in NBFC activities, information relating to conservation of energy and technology absorption are not applicable under Section 134 (3) (m) of the Companies Act, 2013 read with rules made thereunder.

b. Foreign Exchange Earnings and Outgo: There was no Foreign Exchange earnings and outgo during the year under review.

APPRECIATION & ACKNOWLEDGEMENT

Your Directors appreciate the valuable co-operation extended by the Company's Bankers, Monitoring Agencies, Regulators (SEBI and RBI), other Central and State Government departments and Clients for their continued support. Your Directors also express its deep gratitude for wholehearted and continuous support extended by the members who have always been a source of strength of the Company.

FORM NO. MGT 9

EXTRACT OF ANNUAL RETURN

as on financial year ended on 31.03.2020

Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Company (Management & Administration) Rules, 2014.

I REGISTRATION ft OTHER DETAILS:

i CIN	L70109DL1986PLC025841
ii Registration Date	23-10-1986
iii Name of the Company	MORGAN VENTURES LIMITED
iv Category/Sub-category of the Company	COMPANY LIMITED BY SHARES/INDIAN NON GOVT. COMPANY
v Address of the Registered office & contact details	37, RING ROAD, LAJPAT NAGAR - IV, NEW DELHI 110024
vi Whether listed company	YES
vii Name , Address & contact details of the Registrar & Transfer Agent, if any.	SKYLINE FINANCIAL SERVICES PVT. LTD. D-153A, 1ST FLOOR, OKHLA INDUSTRIAL AREA. PHASE-I, NEW DELHI

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All the business activities contributing 10% or more of the total turnover of the company shall be stated

SL No Name & Description of main products/services	NIC Code of the Product /service	% to total turnover of the company
1 Non Banking Financial Company engaged in Investment Activities 6430		100

III. PARTICULARS OF HOLDING , SUBSIDIARY & ASSOCIATE COMPANIES

SI No Name & Address of the Company

CIN/GLN

HOLDING/

SUBSIDIARY/

ASSOCIATE

% OF SHARES HELD

APPLICABLE

SECTION

NIL

IV. SHAREHOLDING PATTERN (Equity Share capital Break up as % to total Equity)

	No. of Shares held at the begining of the year				No. of Shares held at the end of the year
Category of Shareholders	Demat	Physical	Total	% of total shares	Demat	Physical	Total	% of total shares	% Change during the year
A Promoters
1) Indian
a Individuals/HUF	-	-	-	-	-	-	-	-	0.00
b Central Govt.	-	-	-	-	-	-	-	-	0.00
c State Govt.(s)	-	-	-	-	-	-	-	-	0.00
d Bodies Corporate	74,04,700	-	74,04,700	74.80	74,04,700	-	74,04,700	74.80	0.00
e Banks/ FI	-	-	-	-	-	-	-	-	0.00
f Any other (specify)	-	-	-	-	-	-	-	-	0.00
i. Trusts	-	-	-	-	-	-	-	-	0.00
Sub-Total (A)(1)	74,04,700	-	74,04,700	74.80	74,04,700	-	74,04,700	74.80	0.00
2) Foregn									0.00
a NRI Individuals	-	-	-	-	-	-	-	-	0.00
b Other Individuals	-	-	-	-	-	-	-	-	0.00
c Bodies Corporate	-	-	-	-	-	-	-	-	0.00
d Banks/Fll	-	-	-	-	-	-	-	-	0.00
e Any other (specify)	-	-	-	-	-	-	-	-	0.00
Sub-Total (A) (2)	-	-		-	-	-			0.00
Total Shareholding of Promoter (A)=(A)(1)+(A)(2)	74,04,700	-	74,04,700	74.80	74,04,700	-	74,04,700	74.80	0.00
B Public Shareholding
1) Institutions
a Mutual Funds/UTI	-	-	-	-	-	-	-	-	0.00
b Banks/ FI	-	-	-	-		-	-	-	0.00
c Central Govt.	-	-	-	-	-	-	-	-	0.00
d State Govt.(s)	-	-	-	-	-	-	-	-	0.00
e Venture Capital Funds	-	-	-	-	-	-	-	-	0.00
f Insurance Companies	-	-	-	-	-	-	-	-	0.00
g FIls	-	-	-	-	-	-	-	-	0.00
h Foreign Venture Capital Funds	-	-	-	-	-	-	-	-	0.00
i Others (specify)	-	-	-	-	-	-	-	-	0.00
Sub-Total (B) (1)
2) Non-Institutions
a Bodies Corporates								-
i. Indian	184809	567700	752509	7.60	76526	567700	644226	6.51	-1.09
ii. Overseas	-	-	-	-	-	-	-	-	0.00
b Individuals	-	-	-	-	-	-	-	-	0.00
i. Individual Shareholders holding nominal share capital upto Rs. 1 lakh	518613	504428	1023041	10.34	532675	500128	1032803	10.43	0.09
ii. Individual Shareholders holding nominal share capital in excess of Rs. 1 lakh	621725	18900	640625	6.47	720146	18900	739046	7.47	1.00
c Others (specify)	-	-	-	-	-	-	-	-	0.00
i.Non-Resident Indian	20496	17800	38296	0.39	20696	17800	38496	0.39	0.00
ii. NBFC	100	-	100	0.00		-		0.00	0.00
iii. Overseas corporate Bodies	-	-	-	-	-	-	-	-	0.00
iv.ClearingMember/House	-	-	-	0.00	1	-	1	0.00	0.00
v.Hindu Undivided Family	39429	-	39429	0.40	39428	-	39428	0.40	0.00
vi.Trust	-	-	-	-	-	-	-	-	0.00
vii.Foreign Bodies	-	-	-	-	-	-	-	-	0.00
Sub-Total (B) (2)	13,85,172	11,08,828	24,94,000	25.20	13,89,472	11,04,528	24,94,000	25.20	0.00
Total Public Shareholding (B)= (B)(1) + (B)(2)	13,85,172	11,08,828	24,94,000	25.20	13,89,472	11,04,528	24,94,000	25.20	0.00
_ Shares held by Custodian for GDRs&ADRs	-	-	-	-	-	-	-	-	0.00
Grand Total (A+B+C)	87,89,872	11,08,828	98,98,700	100.00	87,94,172	11,04,528	98,98,700	100	0.00

(ii) SHARE HOLDING OF PROMOTERS

	Shareholding at the begginning of the year			Shareholding at the end of the year			% change in
SI Shareholders Name No.	No. of shares	% of total shares of the company	% of shares pledged encumber ed to total shares	No. of shares	% of total shares of the company	% of shares pledged encumbered to total shares	share holding during the year
1 Povsha Oxygen Pvt. Ltd.	2036600	20.57	NIL	2036600	20.57	NIL	No Change
2 Gas Supply Company Pvt. Ltd.	1490000	15.05	NIL	1490000	15.05	NIL	No Change
3 Goyal Udyog (India) Pvt. Ltd.	1475000	14.9	NIL	1475000	14.9	NIL	No Change
4 Poysha Fincorp Pvt. Ltd.	1000000	10.1	NIL	1000000	10.1	NIL	No Change
5 Yield Securities & Credits Pvt. Ltd.	960000	9.7	NIL	960000	9.7	NIL	No Change
6 Virgin Securities & Credits Pvt. Ltd.	443100	4.48	NIL	443100	4.48	NIL	No Change
Total	7404700	74.8	NIL	7404700	74.8	NIL	No Change

(iii) CHANGE IN PROMOTERS' SHAREHOLDING

SI.	Share holding at the beginning of the Year		Cumulative Share holding during the year
No.	No. of Shares	% of total shares of the company	No of shares	% of total shares of the company
There is no Change in Promoters Holding during the year	No Change		No Change

(iv) Shareholding Pattern of top ten Shareholders (other than Direcors, Promoters & Holders of GDRs & ADRs)

	Shareholding at the end of the year		Cumulative Shareholding during the year
SI. .. For Each of the Top 10 Shareholders No	No.of shares	% of total shares of the company	No of shares	% of total shares of the company
1 CRB CAPITAL MARKETS LIMITED
At the Beginning of the year	198500	2.01	198500	2.01
Bought during the year	Nil	Nil	Nil	Nil
Sold during the year	Nil	Nil	Nil	Nil
At the end of the year	198500	2.01	198500	2.01
² CRB CORPORATION LIMITED
At the Beginning of the year	182100	1.84	182100	1.84
Bought during the year	Nil	Nil	Nil	Nil
Sold during the year	Nil	Nil	Nil	Nil
At the end of the year	182100	1.84	182100	1.84
3 PRAVEEN ELECTRONICS PRIVATE LIMITED
At the Beginning of the year	102900	1.04	102900	1.04
Bought during the year	Nil	Nil	Nil	Nil
Sold during the year	Nil	Nil	Nil	Nil
At the end of the year	102900	1.04	102900	1.04
4 SURESHBHAI POPATBHAI BHANDERI
At the Beginning of the year	100047	1.140000	100047	1.140000
Bought during the year (27/09/2019)	98421	Nil	98421	Nil
Sold during the year	Nil	Nil	Nil	Nil
At the end of the year	198468	2.000000	198468	2.000000
5 ANS PRIVATE LIMITED
At the Beginning of the year	93611	0.950000	93611	0.950000
Bought during the year	Nil	Nil	Nil	Nil
Sold during the year (27/09/2019)	93611	0.950000	93611	0.950000
At the end of the year	Nil	Nil	Nil	Nil
6 SUBRAMANIAN P
At the Beginning of the year	81250	0.820000	81250	0.820000
Bought during the year	Nil	Nil	Nil	Nil
Sold during the year (22/11/2019)	81250	0.820000	81250	0.820000
At the end of the year	Nil	Nil	Nil	Nil
⁷ RAJ KUMAR LOHIA
At the Beginning of the year	53541	0.540000	53541	0.540000
Bought during the year	Nil	Nil	Nil	Nil
Sold during the year	Nil	Nil	Nil	Nil
At the end of the year	53541	0.540000	53541	0.540000
⁸ DHEERAJ KUMAR LOHIA
At the Beginning of the year	53850	0.540000	53850	0.540000
Bought during the year	Nil	Nil	Nil	Nil
Sold during the year	Nil	Nil	Nil	Nil
At the end of the year	53850	0.540000	53850	0.540000
⁹ PALAKCHOUDHARY
At the Beginning of the year	44684	0.450000	44684	0.450000
Bought during the year	Nil	Nil	Nil	Nil
Sold during the year	Nil	Nil	Nil	Nil
At the end of the year	44684	0.450000	44684	0.450000
¹⁰ SANTOSH MUKIM
At the Beginning of the year	43474	0.440000	43474	0.440000
Bought during the year	Nil	Nil	Nil	Nil
Sold during the year	Nil	Nil	Nil	Nil
At the end of the year	43474	0.440000	43474	0.440000
11 SANGEETHAS
At the Beginning of the year	Nil	Nil	Nil	Nil
Bought during the year (22/11/2019)	81250	0.820000	81250	0.820000
Sold during the year	Nil	Nil	Nil	Nil
At the end of the year	81250	0.820000	81250	0.820000
12 PRAVEEN ELECTRONICS PRIVATE LIMITED
At the Beginning of the year	35543	0.360000	35543	0.360000
Bought during the year	Nil	Nil	Nil	Nil
Sold during the year	Nil	Nil	Nil	Nil
At the end of the year	35543	0.360000	35543	0.360000

(v) Shareholding of Directors & KMP

	Shareholding at the end		Cumulative Shareholding
SI ..' For Each of the Directors & KMP No	No.of shares	% of total shares of the company	No of shares	% of total shares of the company
1 MR. DHARAM KUMAR (CFO)
At the beginning of the year	2	Nominal	2	Nominal
Date wise increase/decrease in Promoters Share holding during the year	0	0	0	0
At the end of the year	2	Nominal	2	Nominal
2 MR. Krishan Kumar Gupta (Independent Director)
At the beginning of the year	100	Nominal	100	Nominal
Date wise increase/decrease in Promoters Share holding during the year	0	0	0	0
At the end of the year	100	Nominal	100	Nominal
3 MR. Shahzeb Khan (Manaqinq Director)
At the beginning of the year	2	Nominal	2	Nominal
Date wise increase/decrease in Promoters Share holding during the year	0	0	0	0
At the end of the year	2	Nominal	2	Nominal

V, INDEBTEDNESS

Indebtedness of the Company including interest outstanding/accrued but not due for payment

	Secured Loans excluding deposits	Unsecured Loans	Deposits	Total Indebtedness
Indebtness at the beginning of the financial vear
i) Principal Amount	-	-	-	-
ii) Interest due but not paid	-	-	-	-
iii) Interest accrued but not due	-	-	-	-
Total (i+ii-Hii)	-	-	-	-
Change in Indebtedness during the financial vear
Additions	350000000	-	-	350000000
Reduction	-	-	-	-
Net Change	350000000	-	-	350000000
Indebtedness at the end of the financial vear
i) Principal Amount	350000000	-	-	350000000
ii) Interest due but not paid	8133196	-	-	8133196
iii) Interest accrued but not due	-	-	-	-
Total (i+ii+iii)	358133196	-	-	358133196

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director, Whole time director and/or Manager:

SI.No Particulars of Remuneration		Name of the MD/WTD/Manager		Total Amount
1 Gross salary
(a) Salary as per provisions contained in section 17{1) of the Income Tax. 1961.	'			'
(b) Value of perquisites u/s 17(2) of the Income tax Act, 1961	-	-	-	-
(c) Profits in lieu of salary under section 17(3) of the Income Tax Act, 1961				"
2 Stock option	-	-	-	-
3 Sweat Equity	-	-	-	-
4 Commission	-	-	-	-
as % of profit	-	-	-	_
others (specify)	-	-	-	-
5 Others, please specify	-	-	-	-
Total (A)	-	-	-	-
Ceiling as per the Act

B. Remuneration to other directors:

SI.No Particulars of Remuneration	Name of the Directors		Total Amount
1 Independent Directors	MR. M.K. DOOGAR	MR. K.K. GUPTA
(a) Fee for attending board committee meetings	27500	47500	75000
(b) Commission	0	0	0
(c) Others, please specify	0	0	0
Total (1)	27500	47500	75000
2 Other Non Executive Directors
(a) Fee for attending board committee meetings	0	0	0
(b) Commission	0	0	0
(c) Others, please specify.	0	0	0
Total (2)	0	0	0
Total (B)=(1+2)	27500	47500	75000
Total Managerial Remuneration	27500	47500	75000
Overall deling as per the Act.	N. A.	N. A.

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD

Particulars of Remuneration		Key Managerial Personnel
	CEO		Company Sec	retary		CFO
SI. No. Gross Salary		Shashank Mishra (From 01st April,2019 till 23rd April, 2019)	Ajit Prasad Singh (From 30th May,2019 till 31st July, 2019)	Naveen Bhatnagar (From 01st August, 2019 till 02nd January, 2020)	Anand Kumar Mishra (From 01st February, 2020 till 31st March, 2020)	Dharam Kumar	Total
1 (a) Salary as per provisions contained in section 17(1) of the Income Tax Act, 1961.	0	42270	213185	354516	150000	162436	922407
(b) Value of perquisites u/s 17(2) of the Income Tax Act, 1961	0	0	0	0	0	0
(c) Profits in lieu of salary under section 17(3) of the Income Tax Act, 1961	0	0	0	0	0	0	0 0
2 Stock Option	0	0	0	0	0	0	0
3 Sweat Equity	0	0	0	0	0	0	0
4 Commission as % of profit others, specify	0	0	0	0	0	0	0
5 Others, please specify	0	0	0	0	0	0	0
Total	0	42270	213185	354516	150000	162436	922407

VII. PENALTIES/PUNISHMENT/COMPPOUNDING OF OFFENCES

Type	Section of the Companies Act	Brief Description	Details of Penalty/Punish ment/Compoun ding fees imposed	Authority (RD/NCLT/Court)	Appeall made if any (give details)
A. COMPANY
Penalty	N.A.
Punishment	N.A.
Compounding	N.A.
B. DIRECTORS
Penalty	N.A.
Punishment	N.A.
Compounding	N.A.
C. OTHER OFFICERS IN DEFAULT
Penalty	N.A.
Punishment	N.A.
Compounding	N.A.