Dear Members of
The Byke Hospitality Limited,
The Board of Directors takes great pleasure in presenting the Thirty Five (35th) Annual
Report of your Company's business and operations along with the Audited Financial
Statements for the Financial Year (‘FY') ended
FINANCIAL PERFORMANCE
The Company's financial performance, for the Financial Year ended March 31, 2025 on
standalone basis is summarized below:
|
For the Year ended |
Particular |
March 31, 2025 |
March 31, 2024 |
Income: |
|
|
|
|
|
Income from Operations |
9,664.05 |
8,385.86 |
| Other Income |
237.95 |
126.84 |
| Total Income |
9,902.00 |
8,512.70 |
Expenditure: |
|
|
Less: Operating & Other Expenses |
59,67.66 |
4,870.31 |
| Profit before Depreciation, Finance Costs and Tax |
3,934.34 |
3,642.39 |
| Less: Depreciation |
2,608.23 |
2,522.40 |
| Less: Finance Costs |
886.59 |
749.00 |
| Profit before Tax |
439.52 |
370.98 |
| Less: Provision for Taxes |
(19.93) |
(193.70) |
| Profit after Tax |
459.46 |
564.68 |
| Less: Other Comprehensive Income for the year (net of tax) |
(6.29) |
(0.07) |
| Total Comprehensive Income for the year |
453.16 |
564.61 |
| Add: Surplus brought forward from the previous year |
10,320.52 |
9,755.92 |
| Less: Prior period item |
- |
- |
| Amount available for appropriation |
10,773.68 |
10,320.53 |
| Appropriations: |
|
|
| Dividend |
- |
- |
| Tax on Dividend |
- |
- |
| Amount transferred to General Reserve |
- |
- |
Surplus carried forward |
10,773.68 |
10,320.53 |
OPERATIONS/ STATE OF COMPANY'S AFFAIRS
The Company achieved a total income of Rs. 9,902.00 lakhs as compared to Rs. 8,512.70
lakhs in the previous year.
Company reported a Profit before tax of Rs. 439.52 lakhs as compared to Profit before
tax of Rs 370.98 lakhs in the prior year. This change in the profit/loss was on account of
an increase in business volumes. The Company witnessed robust rates across many of its
brands with increase in margins.
DIVIDEND
Your Company is in regular expansion mode and also upgrading its existing properties.
Therefore in order to fund new projects/ up gradation and conserve the resource, the Board
has not recommended dividend on equity shares of the Company for the FY 2024 2025.
TRANSFER TO RESERVES
The Board of Directors of your company has decided not to transfer any amount to the
Reserves for the year under review.
MANAGEMENT'S DISCUSSION AND ANALYSIS REPORT
The Management Discussion and Analysis as required in terms of the SEBI Listing
Regulations is annexed to the report (Annexure I)
MATERIAL CHANGES AFFECTING THE COMPANY
I. ISSUE OF EQUITY SHARES UNDER PREFERENTIAL ISSUE
The Board at its meeting held on November 08, 2023, had recommended the issue of
1,25,00,000 (One Crores Twenty Five Lakhs) Fully Convertible Warrants
("Warrants"),eachconvertibleinto equivalent number of fully paid up equity
Company of face value of Rs. 10/- (Rupee Ten Only) each at a Premium of Rs 35/- (Rupees
Thirty Five), within a maximum period of 18 months from the date of allotment of
warrants), to the Promoter/Non- Promoter Group, the same was approved by the Members at
the Extraordinary General Meeting of the Company held on December 07 2023.
On January 04, 2024, the company has allotted 123,00,000 warrants convertible into
equivalent number of equity shares of the Company having a face value of Rs. 10/- at a
price of Rs. 45/- each to promoters and non-promoters entity upon receipt of upfront
amount of Rs. 13,83,75,000/-, which is equivalent to 25% of total consideration as per the
terms of preferential issue. Out of these, the SecuritiesAllotmentCommittee of the
Company, at its meeting held on March 01, 2024 has allotted 68,00,000 Equity shares
pursuant to conversion of 68,00,000 Warrants upon receipt of an amount aggregating to Rs.
22,95,00,000/- which is equal to 75% of the total consideration.
During the financial year 2024-2025 on July 11 2024 the Company allotted 53,81,500
Equity shares on preferential basis consequent to the conversion of warrants into
equivalent Equity Shares.
The new equity shares so allotted, shall rank pari passu with the existing equity
shares of the Company.
Further the conversion of 1,18,500 warrants were still pending for conversion and the
last date of conversion was 04th July 2025, however the shareholder did not get these
warrants converted, so the company forfeited the warrants as per applicable provisions.
Accordingly, the paid-up share capital of the Company has increased as follows:
Pre Allotment |
Post Allotment |
| Rs. 46,89,78,000 consisting of 4,68,97,800 |
Rs. 52,27,93,000 consisting of 5,22,79,300 |
| equity shares of face value of Rs.10 each fully paid. |
equity shares of face value of Rs.10 each fully paid. |
The Listing Approval for 5,38,15,000 Equity Shares were granted on November 04, 2024
and the 5,38,15,000 allotted as Equity Shares are admitted to dealings on the exchange
from November 26, 2024.
SHARE CAPITAL
I. AUTHORISED CAPITAL
The Authorised Capital of the Company is Rs. 53,40,00,000 consisting of 5,34,00,000
equity shares of face value of Rs.10 each fully paid.
II. PAIDUP CAPITAL
During the Year FY 2024-25, the Issued, Subscribed & Paid up Capital of the Company
of the Company was increased pursuant to allotment of Equity Shares on PreferentialIssue.
The Details of Change in Capital Structure during the Year are as follows:
Details of Equity Share Capital of M/s. The Byke Hospitality Limited: ISIN No:
INE319B01014
Sr. No. |
Particulars |
Date of Allotment |
Number of Shares Allotted |
Cumulative Total |
Nominal Capital bearing face value of Rs. 10/- each (Cumulative
Total) |
1. |
Equity Shares at the beginning of the Year |
- |
- |
4,68,97,800 |
46,89,78,000 |
2. |
Allotment of Equity Shares pursuant to conversion of warrants into
equivalent equity shares |
July 11, 2024 |
53,81,500 |
5,22,79,300 |
52,27,93,000 |
Theconversionof1,18,500warrantswerestill and the last date of conversion was 04th July
2025, however the shareholder did not get these warrants converted, so the company
forfeited the warrants as per applicable provisions.
As on March 31, 2025 the Total Issued, Subscribed & Paid up Capital of the Company
stand at Rs. Rs. 52,27,93,000 consisting of 5,22,79,300 equity shares of face value of
Rs.10 each fully paid.
LISTING ON STOCK EXCHANGES
As on March 31, 2025, the Company's Equity Shares are listed on BSE Limited, the
National Stock Exchange of India Limited and Metropolitan Stock Exchange of India Limited.
EXTRACT OF ANNUAL RETURN
As provided under section 92(3) and 134(3)(a) of the Act, read with Rule 12 of the
Companies (Management and Administration) Rules, 2014, as amended from time to time, the
Annual Return of your shall be hosted on the website of your Company at www.thebyke.com
CEO / CFO CERTFICATIONS
The Certifications required in terms of Part B, Schedule II of the ListingRegulations,
from Mr. Anil Chothmal Patodia, the Managing Director of the Company and Mr. Girdhari
Kyal, Chief Financial Officer of the Company, for the Financial Year 2024 -2025 forms of
the Report on Corporate Governance.
CORPORATE GOVERNANCE
As per the requirement of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the Company has complied with the requirements of Corporate Governance
in all material aspects.
A report on Corporate Governance (Annexure II) together with a certificate of its
compliance from a Ms. Suman Sureka of M/s. Suman Sureka & Assocaites, Secretarial
Auditor of the company forms part of this report.
INVESTOR EDUCATION AND PROTECTION FUND (IEPF)
Pursuant to applicable provision of the Companies Act, 2013 read with the IEPF
Authority (Accounting, Audit, Transfer and Refund) Rule, 2016 (‘the Rules'), all
unpaid or unclaimed dividend are required to be transferred by the company to the IEPF
established by the Central Government, after the completion of seven years. Further,
according to IEPF Rules, all the shares in respect of which dividend has remained
unclaimed for seven consecutive years or more from the date of transfer to unpaid dividend
account shall also be transferred to IEPF Authority.
The details of the unpaid / unclaimed dividends for the last seven financialyears are
available on the website of the Company www. thebyke.com
DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMP)
Brief Profile of the Board of Directors of the Company as on March 31, 2025 & as on
the date of the report:
Sr. No. |
Name |
Profile |
1. |
Mr. Anil Chothmal Patodia (DIN: 00073993) (Managing Director) |
Mr. Anil Chothmal Patodia is a commerce graduate with more than 23 years
of experience in the hospitality and service industries, he assumed the role of Managing
Director in 2010. He developed value-adding methods to establish the Company as a leader
in its field by drawing on his extensive experience managing sustainable businesses.
Currently he is the Director of the Lions Club of Mumbai Heritage Galaxy. |
| 2. |
Mr. Pramod Kumar Patodia |
By banking on his hospitality industry experience of more than 23 years
in the |
|
(DIN: 03503728) |
field of management and administration, Mr. Pramod Kumar Patodia helped
the |
|
(Exceutive Director) |
Company climb new heights. He oversees all the hotel operations of the
Company. |
| 3. |
Mrs. Archana Anil Patodia |
Mrs. Archana Anil Patodia has completed her BA from the University of
Rajasthan, |
|
(DIN: 00795826) |
she aggregated rich experience in managerial and administrative
functions.She |
|
(Non - Executive - Non Independent |
is also the Director of Lions Club of Mumbai Heritage Galaxy. She is
also the DC |
|
Director) |
Village Development of Lions Club International. (Dist.3231A3). |
| 4. |
Ms. Madhuri Rajendrakumar Dhanak |
She is a highly qualified |
|
(DIN: 09065395) |
robust professional background. She is an active member of the Western
India |
|
(Independent Director) |
Regional Council (WIRC) of the |
|
|
She has demonstrated her expertise in various roles, including serving
as an Internal |
|
|
Auditor, head of Tax Department in various listed entities. Her
commitment to |
|
|
community service is reflected in her past involvement with the Lions
Club. |
| 5. |
Mr. Brijmohan Pooranmal Agarwal |
Mr. Brijmohan Pooranmal Agarwal is a distinguishedChartered Accountant |
|
(DIN: 00529136) |
with extensive experience in taxation and audit since 1981, has been a
partner |
|
(Independent Director) |
at Borkar & Muzumdar, Mumbai since 1987. With a distinguishedcareer
that |
| MGT 7 for the |
|
|
|
|
includes audits for major national and foreign banks, as well as
leadership roles in |
|
|
various professional organizations, he currently serves as an
independent director |
|
|
at Equity Link Research (I) Ltd. other than The Byke Hospitality
Limited. |
| 6. |
Mr. Sobhag Jain |
Mr. Sobhag Jain is an accomplished Chartered Accountant with over 38
years of |
|
(DIN: 08770020) |
, taxation, and corporate governance. He has held prominent finance experience |
|
(Independent Director) |
positions in LIC, including Executive Director of Finance & Accounts
and Taxation. |
|
|
His extensive career includes significant contributions |
|
|
where he made strategic decisions to safeguard pension funds, and as a
mentor |
|
|
in marketing, guiding several divisions to success. Additionally, he has
been an |
|
|
influential member of various advisory and supervisory boards in the
healthcare |
|
|
and biotechnology sectors. |
CHANGE IN DIRECTORSIP DURING THE YEAR
During the year under review Mr. Sobhag Jain (DIN: 08770020) and Mr. Brijmohan
Pooranmal Agarwal (DIN: 00529136) were appointed as AdditionalNon Executive - Independent
Director of the Company with effect from February 07, 2024, their appointment as
"Independent Directors" was approved by the Shareholders vide Post Ballot Notice
dated April 24, 2024.
INDEPENDENT DIRECTOR'S DECLARATION
The Independent Directors have submitted declarationof independence, statingthat
they meet the criteria provided under section 149(6) of the Act & regulation16(1)(b)
of the Listing regulations. There has been no change in the circumstances affecting their
status as an independent Director.
In terms of Regulation 25(8) of the ListingRegulations, the Independent Directors have
confirmed that they are not aware of any circumstances situation which exists or may be
reasonably anticipated that could impair or impact their ability to discharge their
duties.
None of the directors of the Company are debarred from holding the office of Director
by virtue of any SEBI order or order by any other competent authority.
In the opinion of the Board, there has not been any change in the circumstances which
may affect their status as Independent Directors of the Company and to the satisfaction of
the Board their candidature holds experience, expertise & integrity
KEY MANAGERIAL PERSONNEL
As on date under report, the following persons are the Key Managerial Personnel in
terms of Section 203 of the
| 1. Mr. Anil Chothmal Patodia |
- |
Managing Director |
| 2. Mr. Girdhari Kyal |
- |
Chief Financial Officer |
| 3. Ms. Puja Sharma |
- |
Company Secretary & Compliance Officer (upto 17th June 2025) |
| 4. Ms. Ritika Jaiswal |
- |
Company Secretary & Compliance Officer (w.e.f 07th August, 2025) |
POLICY ON DIRECTORS' APPOINTMENT, REMUNERATION AND OTHER DETAILS
TheNomination Committee has laid down the criteria for Directors' appointment and
remuneration including criteria for determiningqualifications,positive attributes and
independence of a Director. The followingattributes/criteria for selection have been laid
by the Board on the recommendation of the Committee:
• The candidate should possess the positive attributes such as leadership,
entrepreneurship, industrialist, business advisor or such other attributes which in the
opinion of the Committee the candidate possess and are in the interest of the Company;
The candidate should be free from any disqualifications as provided under Sections 164
and 167 of the
The candidate should meet the conditions of being independent as stipulated under the
Companies Act, 2013 and SEBI (LODR) Regulations, 2015 in case of appointment as an
Independent Director; and
The candidate should possess appropriate educationalqualification, skills, experience
and knowledge in one or more fields of finance, law, management, sales, marketing,
administration, operations, research, corporate governance, technical infrastructure,
social service, professional teaching or such other areas or disciplines which are
relevant for the Company's business.
PROFICIENCY OF DIRECTORS
All the Independent Directors of the Company have registered their names in the
database maintained by the Indian Institute of Corporate Affairs, Manesar. Those
Independent Directors who are not otherwise exempted should appear for the common
proficiency test conducted by the said institute within the prescribed time.
MEETINGS OF BOARD AND COMMITTEES THEREOF
This information has been furnished under Report on Corporate Governance, which is
annexed in Annexure II.
FAMILIARISATION PROGRAMME FOR DIRECTORS
Details of the familiarization programs for independent directors are disclosed on
thewebsiteoftheCompany www.thebyke.com
BOARD EVALUATION
The Nominationand Remuneration Committee lays down the criteria for performance
evaluation of independent directors, Board of Directors and Committees of the Board. The
criteria for performance evaluation is based on the various attendance and participationat
meetings of the Board and Committees thereof, contribution to strategic decision making,
review of risk assessment and risk mitigation, review of financial statements, business
performance of brand image of the Company.
The Board of Directors have carried out an annual evaluation of their own performance,
board committees and individual directors pursuant to provision of the Act and the
corporate governance requirement as prescribed by the Securitiesand Exchange Board of
India (Listing Obligation & Disclosure Requirement) Regulation 2015.
In a separate meeting of Independent directors which was held on May 28, 2025
performance of non- independent the board as whole was evaluated. Performance evaluation
of Independent director was done by the entire board, independent director being
evaluated.
PARTICULARS OF EMPLOYEES
The information required under section 197 of Companies act 2013 read with Companies
Managerial Personnel) Rule, 2014 forms part of this Annual Report. However this
information is not sent along with this report pursuant to provision of section 136 of the
Act. Any shareholder interested in obtaining a copy of the same may Company Secretary /
Compliance Officer at the registered office of the Company.
AUDIT COMMITTEE
Details of the Audit Committee along with its constitution andother details are
provided in the Report on
RELATED PARTY TRANSACTION
All Related Party Transactionsthat were entered into during the financial year were on
arm's length basis course of the Company's Business.
The Company has not entered into any contract, arrangement or transaction with any
related party which could be considered as material as defined under SEBI (Listing
Obligations and Disclosure Requirements) obtained from the Audit Committee on an annual
basis for repetitive
Act,2013; Company has formulated policy on materiality of Related Party Transaction.The
policy is available on the Company's websitehttp:// thebyke.com/corporate-governance/
The details of the transactionswithrelatedpartiesduring FY 2024-25 are provided in the
accompanying financial statements details of Related Party transactionsare set out in
notes to the Financial Statements. Since all related party transaction entered into by the
company were on an arm's length basis and in the ordinary course of business, Form AOC-2
is not applicable.
WHISTLE BLOWER POLICY/VIGIL MECHANISM
The Board of Directors of your Company has adopted the Vigil Mechanism and Whistle
Blower Policy in compliance with Section 177(9) and (10) of the Companies Act, 2013, and
regulations specified under LODR.
The Company has adopted a channel for receiving and redressing of employees' complaints
and no personnel have been denied access to the Chairman of the Audit Committee. Under
this policy, we encourage our employees to report any reporting of fraudulent financial or
other information to the stakeholders, any conduct that results in violationof the
Company's Code of Business Conduct. Likewise, under this policy, we have prohibited
discrimination, retaliation or harassment of any kind against any employees who, based on
the employee's reasonable belief that such conduct or practice have occurred or are
occurring. The policy is posted on the company's website at www.thebyke.com.
CORPORATE SOCIAL RESPONSIBILITY
The Company is committedtogoodcorporatecitizenship. As a part of its corporate social
responsibility, the Company continues to undertake a range of policy of the Company is
placed on the website of the Company https://thebyke.com/corporategovernance.html. During
the year under report, the Company has also supported healthcare and educational projects
undertaken by charitable institutionsand organizations. In accordance with the provisions
of Section 135 of the Companies Act, 2013, an abstract on Company's CSR activities is
furnished as Annexure III to this report.
CODE OF CONDUCT
The Board has laid down a code of conduct for board members and senior management
personnel of the Company. The code incorporates the duties of independent directors as
laid down in the Companies Company's website www.thebyke.com. The Board members and senior
management personnel have affirmed compliance with the said code of conduct. A declaration
in this regard signed by the Chairman & Managing Director / CEO is given at the end of
the Corporate Governance Report.
SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES
There is no subsidiary company, associate company or joint venture of your company
within the meaning of section 2(87) & 2(6) of the Companies Act 2013 respectively.
STATUTORY AUDITOR AND STATUTORY AUDITOR'S REPORT
M/s. Bilimoria Mehta & Co., Chartered Accountant (Firm registration no: 101490W)
were appointed as the Statutory Auditors from the conclusion of the Thirty Second Annual
General Meeting held on September 15, 2022 till conclusion of the Thirty Seventh Annual
General Meeting of the Company to be held in 2027-28.
The Auditors' Report read with the notes to the accounts referred to therein are
self-explanatory and therefore, do not call for any further comments. There are no
qualifications, reservations or adverse remarks made by the Auditors.
SECRETARIAL AUDITOR AND SECRETARIAL AUDITOR'S REPORT
Pursuant to the provision of section 204 of the Companies Act, 2013 and the Companies
(Appointment and Remuneration of Managerial Personnel) Rule, 2014, M/s. Suman Sureka &
Associates, Practicing Company Secretary FCS No.- 6842 CP No- 4892 were appointed as the
Secretarial Auditor for auditing the secretarial records maintained by the Company for the
financial year 2024-25.
The Secretarial Auditors' Report is annexed as (Annexure IV) hereto.
Pursuant to the amended provisions of Regulation 24A of the Listing Regulations and
Section 204 of the Act, read with Rule 9 of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014, ("the Rules") the Audit Committee and the
Board of Directors have approved and recommended the appointment of M/s. Suman Sureka
& Associates, a Peer Reviewed Firm of Auditors of the Company, for a term of upto 5
(Five) consecutive years from financial CompanySecretariesin year 2025-2026 to financial
year 2029-2030, subject to approval of the Members at ensuing AGM. A brief resume and
other details of M/s. Suman Sureka & Associates, Company Secretaries in Practice, are
separately disclosed in the Notice of the ensuing AGM.
M/s. Suman Sureka & Associates have given their consent to act as Secretarial
Auditors of the Company and confirmed that their aforesaid appointment (if made) would be
within the prescribed limits under the Act & the Rules made thereunder and the Listing
Regulations. They have also confirmedthat they are not disqualified to be appointed as
Secretarial Auditors in terms of the Act & Rules made thereunder and Listing
Regulations and satisfy the prescribed eligibility criteria.
COST AUDITORS
The Companydoesnotfallwithinthepurviewofsection148 of the Companies Act, 2013 and
hence, it is not required to appoint a cost auditor for the financial year 2024-2025.
DISCLOSURES AS MAINTENANCE OF COST RECORDS UNDER SUB-SECTION (1) OF SECTION 148 OF THE
COMPANIES ACT, 2013
The provisions of section includinghealthcareandeducation 148 are not applicable to the
Company and accordingly the maintenance of cost records toimprove livingconditions the
Central Government under sub-section (1) of section 148 of the Companies Act, 2013, is not
required.
INTERNAL AUDITOR
M/s. P. P. KAPOOR & CO., Chartered Accountants, Internal Auditors of the Company,
conducted the Internal Audit for the financial year 2024-25 as per the provisions of
Section 138 of the Act read with Rule 13 of the Companies (Accounts) Rules, 2014. Their
reports were reviewed by the Audit Committee and follow up measures were taken by the
relevant teams and committees of the Board, wherever necessary.
2013. The said code of conduct is posted on
FRAUD'S REPORTED BY AUDITORS OTHER THAN THOSE WHICH ARE REPORT TABLE TO THE CENTRAL
GOVERNMENT U/S 143 (12)
There were no frauds reported by the auditors under section 143(12) of Companies Act,
2013 during their course of audit for the financial year 2024-2025.
RISK MANAGEMENT POLICY
The Company has established an effective Compliance Mechanism to mitigate the risk and
will be reviewed by the Board periodically. The Company has adopted Risk Management
Policy, pursuant to the provision of Section 134 of the Act, to identify and evaluate
business risks and approach for mitigation of such risks.
PARTICULARS OF LOANS, GUARANTEE OR INVESTMENTS
The Company has not given any loans or guarantees or made investments in contravention
of the provisions of the Section186 of the Companies Act, 2013. The details of the loans
and guarantees given and investments made by the Company are provided in the notes to the
financial statements.
DEPOSITS
The Company has not accepted any deposits from public during the year under the review
and as such, no amount on account of principal or interest on deposit from public was
outstanding as on the date of the balance sheet.
INTERNAL CONTROL SYSTEM AND COMPLIANCE FRAMEWORK
The Company 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 oftheaccountingrecordsandthetimelypreparation reliable financial
disclosures. of
PREVENTION OF INSIDER TRADING
The Board has adopted a Code of Prevention of Insider Trading based on the SEBI
(Prohibition of Insider Trading) Regulations, 2015. The same has been placed on the
website of the Company www.thebyke.com
All the Directors, senior management employees and other employees who have access to
the unpublished price sensitive informationof the Company are governed by this code.
During the year under Report, there has been due compliance with the said code of conduct
for prevention of insider trading.
ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO
In accordance with the requirements of Section 134 of the Companies Act, 2013,
statement showing particulars with respect to conservation of energy, technology
absorption and foreign exchange earnings and outgo is furnished as Annexure V to this
report.
PAYMENT OF LISTING FEE AND CUSTODIAL FEE
Your Company has paid the Annual Listing Fee and Annual Custodial Fee for
theFinancialYear2024 2025, NationalStock the Exchange ("NSE"),
Metropolitan Stock Exchange (MSEI) and the
BombayStockExchange("BSE")andtoNationalSecurities and Depositories Limited
(NSDL) and Central Depository Services (India) Limited (CDSL) respectively.
DEMATERIALISATION
The Company's shares are available for dematerialization with both the Depositories
viz., NSDL and CDSL. About 99.91% of the paid-up equity share capital of the Company has
been dematerialized as on March 31, 2025.
SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS
There are no significant material order passed by the Regulators or court or tribunal
that would impact the going concern status of the Company and its operation in future.
GREEN INITIATIVES
The Company, in order to promote green initiative, has sent electronic copies of the
Annual Report for Financial Year 2024 2025, along with the Notice of the 35th Annual
General Meeting, are sent to all members whose email addresses are registered with the
Company / Registrar and Share Transfer Agent ("RTA").
DISCLOSURES AS PER THE SEXUAL HARASSMENT OF WOMEN AT
WORKPLACE(PREVENTION,PROHIBITIONAND t care have been taken for the maintenance
of adequate REDRESSAL) ACT, 2013:
The Company has zero tolerance for sexual harassment at its workplace and in line with
the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and
Redressal) Act, 2013 and the Rules there under, your Board of Directors has approved and
adopted a "Policy on Prevention of Sexual Harassment at Workplace" to provide
equal employment opportunity and is committed to provide a work environment that ensures
every woman employee is treated with dignity and respect and afforded equitable treatment.
During the year under review the Company has received no complaints. Following is the
detailed presentation of the same:
a) Number ofcomplaintsfiled the financial Year : NIL during b) Number of complaints
disposed of during the year: NIL c) Number of complaints pending as on end of the
financial year: NIL
Internal Complaints Committee
In compliance with Section 4 of The Sexual Harassment of Women at Workplace
(Prevention, Prohibition And Redressal) Act, 2013 the Company has constituted an Internal
Complaints Committee. Following are the details of the committee constituted w.e.f
01.08.2021:
Sr. No. |
Name of Committee Members |
Designation |
| 1. |
Mrs. Archana Patodia Presiding Officer |
Director |
| 2. |
Mrs. Shivali Sharma Member |
Sales Manager Goa |
| 3. |
Mrs. Lavina Sankla |
Resident Manager Matheran |
| 4. |
Mrs. Vinita Kulhari Member |
Director in Lions Club Heritage Galaxy |
| 5. |
Mr. Ashwin Piwal |
Head - HR |
DETAILS OF APPLICATION MADE OR PROCEEDING PENDING UNDER INSOLVENCY AND BANKRUPTACY CODE
2016
During the financial year under review, there were NO application/s made or proceeding
were pending in the name of the company under the Insolvency and Bankruptcy Code, 2016.
DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE TIME SETTLEMENT AND VALUATION
WHILE AVAILING LOAN FROM BANKS AND FINANCIAL INSTITUTIONS
During the Financial year under
review,therewereNOonetimesettlementofLoanstakenfromBanksandFinancialinstitutions
MATERNITY BENEFIT PROVIDED BY THE COMPANY UNDER MATERNITY BENEFIT ACT 1961.
The Company declares that it has duly complied with the provisions of the Maternity
Benefit Act, 1961. All eligible women employees have been extended the statutory benefits
prescribed under the Act, including paid maternity leave, continuity of salary and service
during the leave period, and post- maternity support such as nursing breaks and flexible
return-to-work options, as applicable. The Company remains committed to fostering an
inclusive and supportive work environment that upholds the rights and welfare of women
employees in accordance with applicable laws.
DIRECTORS' RESPONSIBILITY STATEMENT
Pursuant to Section 134(5) of the Companies Act, 2013, the Board of Directors, to the
best of its knowledge and ability confirms that:
a) In the preparation of the Annual Accounts for the year ended March 31, 2025, the
applicable accounting standards have been followed along with proper explanation relating
to material departures if any; b) Such accounting policies have been selected 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 your Company at the end of the
financial year on March 31, 2025. records in accordance with the c) Properand provisions
of the Companies Act, 2013 for safeguarding the assets of your Company and for preventing
and detecting fraud and other irregularities; d) The Annual Accounts have been prepared on
a going concern basis; e) Proper internal financial controls were in place and that such
internal financial controls are adequate and were operating effectively; and f) Proper
systems to ensure compliance with the provisions of all applicable laws were in place and
that such systems were adequate and operating effectively.
SECRETARIAL STANDARDS
The Company has in place proper systems to ensure compliance with the provisions of the
applicable secretarial standards issued by The Institute of Company Secretaries of India
and such systems are adequate and operating effectively.
ACKNOWLEDGEMENTS
Your Directors take this opportunity to thank the
customers,shareholders,suppliers,bankers,businesspartners/associates,financial
institutions and Central and State Governments for their consistent support and
encouragement to the Company. I am sure you will join our Directors in conveying our
sincere appreciation to all employees of the Company for their hard work and commitment.
Their dedication and competence has ensured that the Company continues to be a significant
and leading
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For and on behalf of the Board of Directors |
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Sd/- |
Sd/- |
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(Anil Chothmal Patodia) |
(Pramod Kumar Patodia) |
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Chairman & Managing Director |
Director |
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DIN: 00073993 |
DIN: 03503728 |
| Place: Mumbai |
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| Date: August 07, 2025 |
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Registered Office: |
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| Sunil Patodia Tower, Plot No: 156-158, |
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| J.B.Nagar, Andheri East, Mumbai 400099 |
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| Email Id: investors.care@thebyke.com |
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