Dear Members,
The Board of Directors are pleased to present the 17thAnnual Report of the
Company along with the Audited Financial Statements for the year ended 31st March, 2023.
1. Financial Results:
(Amount in lacs)
Particulars |
Year ended March, 2023 |
Year ended March, 2022 |
Total Income |
1401.37 |
5510.41 |
Profit /(Loss) before exceptional/extraordinary |
612.29 |
1758.82 |
items, Depreciation and Tax |
|
|
Less: Depreciation for the year |
332.21 |
412.88 |
Profit /(Loss) before exceptional/ extraordinary |
(944.50) |
(2171.69) |
items, and tax |
|
|
Less: Exceptional & Extraordinary Items |
1.05 |
0.12 |
Profit / (Loss) before Tax |
(945.55) |
(2171.81) |
Provision for: |
|
|
- Current Tax |
- |
- |
- Deferred Tax |
- |
- |
Profit / (Loss) after Tax |
(945.55) |
(2171.81) |
Comprehensive Income |
0 |
2.35 |
Profit / (Loss) for the F.Y |
(945.55) |
(2169.46) |
During the financial year ended March 31, 2023, your Company recorded a turnover of Rs.
1401.37 Lacs as compared to the turnover of Rs 5510.41 Lacs recorded during the previous
financial year ended March 31, 2022. The Net loss of your Company for the financial year
ended March 31, 2023 stood at Rs. 945.55 lacs as against the Net loss of Rs. 2169.46 lacs
for the financial year ended March 31, 2022.
2. State of Company's Affairs and Future Outlook: State of Company's Affairs:
The Bank account of the Company has not been Operative as the company is unable to pay
the bank's dues due to adverse financial position. The Promoters of the Company wants to
settle the NPA loans but the Bank is not agreeable to the Terms proposed by the Promoters.
In Last year, Textile division's product Mink Blanket did not well performed due to
heavy burden of financial cost over Fixed Assets. So the Textile unit closed. Further the
Company has not received any order in pipe line division, Hence the Production is not
carried on since along.
Future Outlook:
The company is not making profit and the business of the company has been adversely
affected due to inoperative bank account of the company also The company has not received
any order in pipe line division; hence the production is not carried on since along.
Further due to paucity of funds The Company is not in a position to resume the business of
Yarn Division, once the conditions are in favor of the Company, a decision will be taken
accordingly by the Promoters of the Company. The Company's aim is to first come out from
losses. Various initiatives and measures being taken to achieve this will surely make the
Company's future better. The board of the company wants to settle the NPA loans to run the
day to day operations of the company smoothly and when it materializes the company will be
functional and production will be started.
3. Cash Flow Analysis:
In conformity with the provisions of Regulation 34 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 and section 2(40) of the Companies Act, 2013,
the cash flow statement for the year ended 31st March 2023 is included in the annual
accounts.
4. Change in Nature of Business
In the last year, the board had decided not to continue the mink blanket unit during
the year 2022-2023. Further the company has not received any order in pipe line division;
hence the production is not carried on since along.
5. Transfer to Reserves:
The Board of Directors of your Company has not transferred any amount to the Reserves,
for the year under review.
6. Investor Education and Protection Fund:
During the year under review, Company has not transferred any amount to the Investor
and Education protection Fund (IEPF).
7. Dividend:
The Company has no surplus during the year. Hence, no dividend has been recommended by
the Board of Directors of the Company.
8. Significant and Material Orders:
SEBI has passed adjudication order dated March 09, 2021 against Mr. Alok Jain Tijaria,
Mr. Vikas Jain Tijaria, Mr. Praveen Jain Tijaria and Mr. Vineet Jain Tijaria in the matter
of IPO of Tijaria Polypipes Ltd. for the violation under Regulations 57(1) and 57(2) read
with Schedule VIII, Part A (16) of SEBI (ICDR) Regulations, 2009 and Regulations 59, 60(4)
and 60(7) (a) of the ICDR Regulations. In this order, penal provisions are imposed against
abovementioned person under Section 15HB of the SEBI Act, 1992 imposing penalty of Rs.
2,00,000/- at each person aggregating of Rs. 8,00,000/-, against of which, the petition
filling is under process by the company.
The stock exchanges imposed fine on dated 27.12.2022 of (Rs.) 25000+GST @18%=Total Fine
payable(Rs.)29500 to BSE as well Total Fine payable(Rs.) 29500 to NSE for Non/Late
compliance with Reg.23 (9) for half year ended September2022 as per SEBI circular no.
SEBI/HO/CFD/CMD/CIR/P/2020/12 dated January 22, 2020; The Company has paid the fine
imposed by the Stock exchange with in time.
The stock exchanges imposed fine on dated 30.06.2023 of (Rs.) 155000+GST @18%=Total
Fine payable (Rs.) 182900 to BSE as well Total Fine payable (Rs.) 182900 to NSE for
Non-submission of the Standalone Statement of Impact of Audit as per Regulation 33 of SEBI
(LODR) Regulations, 2015; The Company has made waiver application to the Stock exchanges
and the response is awaited from the Stock exchanges.
9. Issue of Shares by way of Preferential Allotment:
No preferential Allotment is made by the company during the F.Y. 2022-23.
10. Particulars of Loans, Guarantees or Investments:
Loans, Guarantees and Investments covered under Section 186 of Companies Act, 2013 form
part of the Notes to the financial statements provided in the Annual Report.
10. Public Deposits :
Your Company has not accepted any deposits during the year within the meaning of
Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits)
Rules, 2014.
11. Material Changes and Commitments:
Other than stated elsewhere in this report, there are no material changes and
commitments affecting the financial position of the company between the end of the
financial year and the date of this report
12. Corporate Governance Report:
The Corporate Governance Report, duly approved by the Board of Directors together with
the certificate from the Company Secretary in Practice confirming the compliance with the
requirement of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 forms part of this Annual Report.
13. Directors' Responsibility Statement
Your Directors state that: i) In the preparation of the annual accounts, the applicable
accounting standards had been followed along with proper explanation relating to material
departures; ii) They 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. iii) They had taken proper and
sufficient care for the maintenance of adequate accounting records in accordance with the
provisions of the Companies Act, 2013, for safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities; iv) They had prepared the annual
accounts on a going concern basis; v) They laid down internal financial controls to be
followed by the Company and that such internal financial controls are adequate and were
operating effectively. vi) They had devised proper systems to ensure compliance with the
provisions of all applicable laws and that such systems were adequate and operating
effectively.
14. Meeting of Board of Directors & Its Committees:
During the year, board of directors of your company met Eight (8) times. For details of
Composition & Meetings of Board and its Committees, please refer to the Report on
corporate Governance, which forms part of this report. During the year, no such instances
occurred that the Board has not accepted any recommendation of the Audit Committee.
15. Directors and Key Managerial Personnel(s):
A. Following directors were associated with the Company as on 31st March,
2023.
No. of Directors |
Name of Director |
Designation |
Category of Directorship |
1 |
Mr. Alok Jain Tijaria |
Managing Director |
Promoter, Executive |
2 |
Mr. Vikas Jain Tijaria |
Whole-Time Director |
Promoter, Executive |
3 |
Mr. Praveen Jain Tijaria |
Whole-Time Director |
Promoter, Executive* |
4 |
Mr. Vineet Jain Tijaria |
Whole-Time Director |
Promoter, Executive |
5 |
Mr. Vinod Patni |
Director |
Independent, Non-Executive |
6 |
Mr. Ravi Prakash Jain |
Director |
Independent, Non-Executive |
7 |
Ms. Khushi Nagrath |
Director (Women Director) |
Independent, Non-Executive |
8 |
Mrs. Sonu Surana |
Director (Women Director) |
Independent, Non-Executive |
1) Mr. Praveen Jain Tijaria (DIN: 00115002), Whole time Director of the Company
shall be retire by rotation at the ensuing Annual General Meeting and being eligible,
offers himself for re appointment. Your Directors have recommended his re-appointment.
Brief profile of Mr. Praveen Jain Tijaria is given in the explanatory statement of Notice.
16. Declaration by Independent Directors
The Company has received necessary declaration from each Independent Director of the
Company under Section 149(7) of the Companies Act, 2013 that the Independent Directors of
the Company meet with the criteria of their Independence laid down in Section 149(6) of
the Companies Act, 2013.
17. Key Managerial Personnel
There were following changes occurred in the Directors/KMP during the financial year
and after closure of the financial year
S. No. |
NAME OF DIRECTOR/KMP |
DESIGNATION |
DATE OF APPOINTMENT |
DATE OF CESSATION |
1. |
ANKIT JAIN |
DIRECTOR |
14/08/2020 |
11/08/2022 |
2. |
SONU SURANA |
DIRECTOR |
28/09/2022 |
- |
3. |
SHIPRA GANDHI |
COMPANY SECRETARY |
04/03/2022 |
06/08/2023 |
18. Meeting of Independent Director
As per Regulation 25(3) of the Listing Regulations as well as pursuant to Section
149(8) of Companies Act, 2013, the independent directors of the listed entity shall hold
at least one meeting in a year, without the presence of non-independent directors and
members of the management and all the independent directors shall strive to be present at
such meeting. Accordingly, the Independent directors held their meeting on Wednesday,
March 08, 2023 and
a. Reviewed the performance of Non-Independent Directors and the Board as a whole; b.
Reviewed the performance of the Chairperson taking into account the views of Executive
Directors and Non- Executive Directors; c. Assessed the quality, quantity and timelines of
flow of information between the Company Management and the Board.
19. Statement of Performance Evaluation by the Board
The Board of Directors of your company, basis the procedures, have evaluated its own
performance and that of its Committees and Individual Directors.
20. Nomination and Remuneration Policy
A Nomination and Remuneration Policy has been formulated, pursuant to Section 178 and
other applicable provisions of the Companies Act, 2013 and Rules applicable thereto. The
said policy may be referred at www.tijaria-pipes.com. The Brief of the Remuneration Policy
as approved by the Board is given below: a. The Non-Executive Directors and Independent
Directors shall receive remuneration only by way of sitting fees as may be decided by the
Board from time to time under the provisions of the Companies Act, 2013. The Nomination
and Remuneration Committee shall make such recommendations to the Board of Directors, as
it may consider appropriate and taking into consideration the required factors. Any fees
paid to Independent Directors for professional services shall not be considered as part of
remuneration, subject to the provisions of the Companies Act, 2013. b. Non-Executive
Directors and Independent Directors shall be reimbursed expenses incurred in attending
Board / Committee Meetings. c. Key Managerial Personnel and Senior Managerial Personnel
shall be paid remuneration as per Company's Policy, subject to compliance with the
provisions of the Companies Act, 2013.
21. Business Risk Management:
Pursuant to the requirement of Regulation 21 of SEBI (Listing Obligations and
Disclosure Regulations) Regulations, 2015, the constitution of Risk Management Committee
is not applicable on the Company. However, pursuant to Regulation 17(9) of the said
Regulation read with Section 134(3)(n) of the Companies Act, 2013, the Board regularly
identify the business risk, evaluates it and thereafter proper mechanism is adopted to
overcome the business risk.
22. Vigil Mechanism:
Pursuant to Section 177 of the Companies Act, 2013 and Regulation 22 of SEBI (Listing
Obligations and Disclosure Requirements), 2015, the Board has adopted vigil mechanism in
the form of Whistle Blower Policy, to deal with instances of fraud or mismanagement, if
any. The Policy can be accessed at the website of the Company at www.tijaria- pipes.com.
23. Annual Return:
Pursuant to the provisions of Section 92 of the Companies Act, 2013 and rules framed
thereunder a copy of the Annual Return be placed at the Company's website
https://www.tijaria-pipes.com/ after Conclusion of Forthcoming Annual General meeting.
24. Remuneration of Directors and Employees:
The disclosure pertaining to remuneration and other details of directors and employees
as required under section 197(12) of the Companies Act 2013 read with Rule 5 of the
Companies (Appointment and remuneration of Managerial Personal) Rules, 2014 and the
amendment thereof have been provided in the ‘Annexure-I' forming part of this report.
During the period under review, the Managing/Whole time Director of the company was not in
receipt of any commission from the company.
25. Particulars of Contracts or Arrangements with Related Parties:
All transactions with related parties during the year were on arm's length basis and in
the ordinary course of business. The disclosure of Related Party Transactions have been
reported in Form no. AOC-2 is set out in Annexure II to this report.
26. Internal Financial Control:
There is an adequate system of internal financial control procedures which commensurate
with the size and nature of business. Audit Committee regularly reviews adequacy and
effectiveness of the Internal Controls and Systems followed by the Company. Statutory
Auditors in their report has also expressed their opinion on internal financial control
with reference to the financial statements which is self-explanatory.
27. Auditors
I. Statutory Auditors and their Report:
The Shareholders of the Company at the 14thAnnualGeneral Meeting held on 14th
September, 2020 appointed M/s Amit Ramakant & Co., Chartered Accountants (Firm
Registration No. 009184C) as the Auditors of the Company for a period of 5 years till the
conclusion of 19th Annual General Meeting of the Company.
The Report of Statutory Auditor M/s Amit Ramakant & Co., Chartered Accountants, on
financial statements, for the year ended 31st March, 2023, Following qualification has
been given by the Auditors in the audit report on Standalone Financial Statements of the
Company: As discussed in basis of disclaimer of opinion to the Standalone Ind AS Financial
Statements for the year ended March 31, 2023,
Audit Qualification No. |
Management's Views |
i. Bank of India has declared Non-Performing Assets (NPA) to the
Company on 30.06.2022 (w.e.f. 27.11.2020) as on date outstanding loan amount was 7250.19
Lacs and Bank Guarantee Rs. 57 lacs total Rs. 7307.19 Lacs. As per the section 13(8) of
the SARFAESI Act, 2002 the right of redemption of secured assets, Bank of India has
excising the power and forfeited Equity shares investment of Promoters / Directors and
their relatives total Amount Rs. 474.06 Lacs. This has been shown in Financials statements
as Loan against shares forfeited. |
As the company is unable to pay the bank's dues due to adverse
financial position, the bank has forfeited the shares pledged by the company against the
loan. |
|
Further the company has also informed the stock exchange about the
pledged shares held by the promoters of the company which were taken over by the bank on
account of NPA of the loan account. |
ii. The company has taken a loan of Rs 44 lakhs from the directors,
this amount is pending since last years. Management treating it as current borrowing and
no provision for interest has been made |
Since the company is not making profit and due to paucity of funds
the director has refused to take interest on the loan. |
iii. During the Financial Year 2022-23 Bank of India has sold total
numbers of share 14,17,858 amounting Rs. 76,33,435/- which was forfeited by the Bank of
India related to directors / promoters and their relatives person / companies. The said
amount has been credited by the Bank of India against outstanding loan amount. |
The Bank of India has forfeited the shares belonging to the
directors/promoters and their relatives and the directors have no objection to selling the
forfeited shares by Bank of India. |
iv. As management has been decided that there is not made interest
provision on NPA declared Bank Loan Account since declaration of NPA by the bank i.e. 1st
July 2022. |
The Management has Decided not made interest provision on NPA
declared Bank Loan Account and the interest provision will be made after settlement of NPA
loan amount. |
v. The company has total outstanding loans and advances of Rs.
2294/- lacs as on the year ended 31st March, 2023 from various entities. We have
circulated the independent balance confirmation for the majority of the outstanding loans
and advances, however, we have not received any confirmation independently. Also, the
company has not accrued any interest on the said loans & advances. Accordingly, due to
lack of sufficient and appropriate audit evidence, we are unable to comment on the
recoverability and existence of such loans and advances |
The Management continues to receive confirmation letters from
various entities to whom loans and advances have been granted. |
vi. As per Standards on Auditing (SA) 505 External Confirmation,
Independent Balance confirmation for outstanding Bank Balances as on 31.03.2023 were
sought during the course of audit and the response to the said confirmations were received
by us. |
The Management has provided the details available on its records
and has no objection if the details are sought from outside or external parties. |
vii. Some of the balances of Trade Receivables and Trade payable of
the Company are subject to confirmation from the respective parties and consequential
reconciliation/adjustment arising there from, if any. |
The Management has continue following up to receive confirmation
letter from various Parties for the balances of Trade Receivables and Trade payable of the
Company |
viii. The company has declared land and building of Rs. 29.82 Lacs
situated at Daulatpura, Jaipur held for sale since long times. Refer to IND AS 105 for
this to be the case, the assets must be available for immediate sale in its present
condition, for the sale to be highly probable, the appropriate level of management must be
committed to a plan of such assets. In this regard the company management not provides any
future plan to execute the same. |
The management will sell the asset when it gets fair market value,
but the company did not get adequate value for the asset. |
ix. The company has a Gross Tax Asset of Rs. 21.42 Lacs as on 31st
March 2023 pertaining to various years. The company has not provided with the status of
the assessment/refund/appeal for the said Tax Assets and hence, due to lack of the
information and documentary evidence, we are unable to comment on the recoverability of
the tax assets or requirement of the provision, if any. |
The Management is in the process of recovering the gross tax
assets. |
x. The company has a Yarn Division in the textile segment which has
been closed for a long time. |
The Company is not in a position to resume the business of Yarn
Division, once the conditions are in favor of the Company, a decision will be taken
accordingly. |
Plant and Machinery and other assets belonging to Yarn Division on
which depreciation charged by the company. We have been unable to find sufficient
appropriate evidence as to whether the company will be able to resume production under
this division. The total amount of Gross Assets as on 31.03.2023 in Textile Segment is
Rs.83.98 Crores and the Net Block of Assets is Rs.19.48 Crores which includes the assets
of Blanket Division and Yarn Division. |
|
II. Secretarial Auditor:
Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board of
Directors had appointed M/s Naredi Vinod & Associates, Company Secretary in Practice
to undertake the Secretarial Audit of the Company for the financial year 2023-24. Their
report in Form MR-3 for the financial year ended March 31, 2023 is provided as
Annexure-III to the report. The Secretarial Auditor's report does not contain any
qualification, reservation, adverse remark, disclaimer or observations. The report is
self-explanatory and do not call for any further clarification. No fraud has been reported
by the Auditor. In the Board meeting held on 29th May, 2023, the Board of
Directors has further appointed M/s Naredi Vinod & Associates, Company Secretary in
Practice to undertake the Secretarial Audit of the Company for the financial year 2023-24.
III. Cost Auditor:
Pursuant to the provisions of Section 148 of the Companies Act, 2013 and as per the
Companies (Cost Records and Audit) Rules, 2014 and amendments thereof, the Board, on th
the recommendation of the Audit Committee, at its meeting held on 29 May,2023 has approved
the appointment of M/s Avnesh Jain & Co., Cost Accountants, having Firm Registration
No. 101048 for the Company for the financial year ending 31st March 2024 at a remuneration
of Rs. 20,000 ratified by the Shareholders in the 17th Annual general meeting
held on 27th September, 2023. The Report of the Cost Auditors for the financial
year ended 31st March 2023 is under finalization and shall be filed with the Ministry of
Corporate Affairs within the prescribed period. The provisions of Section 148(1) of the
Companies Act, 2013 are applicable to the Company and accordingly the Company has
maintained cost accounts and records in respect of the applicable products for the year
ended 31st March 2023.
IV. Internal Auditor:
Pursuant to provision of Section 138 of the Companies Act, 2013 and rules made there
under, the Board has appointed M/s Anirudh Kumar & Co., Chartered Accountants, as an
Internal Auditor of the Company for financial year 2022-23 and they have completed and
submitted the internal audit report for the period as per the scope defined by the Audit
Committee.
In the Board meeting held on 29th May, 2023, the Board of Directors has
appointed M/s Avnesh Jain & Co., Chartered Accountants, and Jaipur, as an Internal
Auditor of the Company for financial year 2023-24.
28. Corporate Social Responsibility:
Pursuant to the requirement of Section 135 of the Companies Act, 2013, a Corporate
Social Responsibility (CSR) Committee was constituted. The Company's Policy on Corporate
Social Responsibility is available on the website of the Company at
http://www.tijaria-pipes.com/annual_reports/CSR-Policy_Tijaria.pdf.Pursuant to section
139(5), every company referred to in sub-section (1), shall ensure that the company
spends, in every financial year, at least two percent of the average net profits of the
company made during the three immediately preceding financial years. Average net profits
of the company made during the three immediately preceding financial years are as follows:
Financial Year |
Net profit/ (loss) (Rs. In Lakhs) |
2021-22 |
(2169.46) |
2020-21 |
(1392.97) |
2019-20 |
(253.57) |
After calculating the average net profit of three immediately preceding financial years
of your company as mentioned above, it is showing that the company is incurring heavy
losses. So, your company doesn't need to spend the required expenditure on CSR activities.
29. Human Resources:
Your Company continues to be employee centric focusing on their growth and spread of
knowledge to build and mature next level leadership. Further, necessary help and support
is extended in case of emergency and on special occasions.
30. Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and
Outgo:
A statement giving details of conservation of energy, technology absorption and Foreign
Exchange Earnings and Outgo in accordance with Section 134(3) (m) of the Companies Act,
2013 read with Rule 8 of The Companies (Accounts) Rules, 2014, is annexed hereto as
Annexure -IV and forms part of this report.
31. Subsidiary, Associate or Joint Venture
Company has no subsidiary, associate or joint venture companies.
32. Familiarization Programme for Independent Director:
The company has familiarized the independent directors with the company, their roles,
rights, responsibilities in the company, nature of the industry in which the company
operates, business model of the company, etc., through various programs. The details of
such familiarization programs have been disclosed on the Company website at
www.tijariapolypipes.com
34 . Account marked as NPA (Non _performing Assets)
A. The Company has received a recall notice dated 04/07/2022 from Bank of India, Branch
Laxmi Complex Building, Subhash Marg, C-Scheme, Jaipur-302001 Rajasthan stating that the
Loan/ Facilities has been marked as Non-Performing Assets (NPA) on 30/6/2022 (w.e.f.
27/11/2020).
B. The Company has received a notice u/s 13(2) of the Securitisation and reconstruction
of financial assets and enforcement of security interest act, 2002 dated 28/07/2022 from
Bank of India, Branch Laxmi Complex Building, Subhash Marg, C-Scheme, Jaipur-302001
Rajasthan stating regarding various credit facilities aggregating to an amount of Rs.
76.38 Cr. as on 28/07/2022 includes Term Loan, Cash Credit, Bank Guarantee L.C. against
the following securities.
Principal Security:
Sr. No. |
Description of Security |
1. |
Hypothecation of Stocks &Book debts. |
2. |
Hypothecation of Plant & Machinery. |
3. |
EQM of leasehold factory L&B Situated at SP-1, 2316, RIICO Ind. |
|
Area, Ramchandrapura, Sitapura-Extn., Jaipur in the n/o company |
4. |
Pledge of TDR being 15% margin for NFBL |
Collateral Security:
Sr. No. |
Description of Security |
1. |
Extension of EQM of residential house (leasehold) situated at F-32,
Ghiya Marg, Bani Park, Jaipur in the name of Mr. Alok Jain, Praveen Jain, Vineet Jain and
Vikas Jain Tijaria admeasuring 563.80 sq.yds. |
2. |
EQM of commercial land at 1356/2, Daulatpura, Tehsil: Amer jointly
in The n/o company and M/s Tijaria Industries Ltd. admeasuring 11250.21 sq.yds. |
3. |
Pledge of 30% equity of shares (8587974 Shares) of the company held
By promoters. |
4. |
TDR made from P&M sold in FY 2017-18. |
The bank has also stated that repayment will be made with in a period of 60 days from
the date of this notice dated 28.07.2022 filling which bank will exercise all or any
powers u/s 13 of SARFAESI against the company.
35 . Pledge Shares of Promoters Acquired By the Bank
Pursuant to regulations 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the Following Pledge Shares held by the Promoters of the Company of
Tijaria Polypipes Limited was acquired by the Bank due to NPA of Loan Account.
Sr. No. |
Name of Promoter & Promoter Group |
No. of Equity Shares held |
01 |
Alok Jain Tijaria |
1596513 |
02 |
Vineet Jain Tijaria |
1295988 |
03 |
Praveen Jain Tijaria |
1395246 |
04 |
Vikas Jain Tijaria |
1522425 |
05 |
Anu Jain Tijaria |
300 |
06 |
Sonal Jain Tijaria |
300 |
07 |
Reema Jain Tijaria |
300 |
08 |
Tijaria Vinyl Pvt. Ltd. |
1276902 |
09 |
Tijaria Industries Ltd. |
1500000 |
36. Management Discussion and Analysis Report:
In Compliance with Regulation 34 of SEBI (Listing Obligation and Disclosure
Requirements) Regulations, 2015, a separate section on Management Discussion and Analysis
as approved by the Board of Directors, forms part of this Annual Report.
37. Code of Conduct:
The Board of Directors have laid down the Code of Conduct for all Directors/Senior
Officers of the Company. The Code ensures the prevention of dealing in Company's shares by
persons having access to unpublished price sensitive information. The Board Members and
the Senior Officers have affirmed their compliance with the Code of Conduct for the year
ended March 31, 2023 and a declaration signed by the Managing Director to this effect is
attached and forms part of this Annual Report. The Code of Conduct is available on the
website of the Company www.tijaria-pipes.com.
38. Disclosure under Sexual Harassment of Women at the Workplace (Prevention,
Prohibition and Redressal) Act, 2013:
A policy has been framed and adopted for prevention, prohibition and Redressal of
sexual harassment at workplace in line with the provisions of Sexual Harassment of Women
at the Workplace (Prevention, Prohibition and Redressal) Act, 2013 and rules framed
thereunder. An Internal Complaints Committee (ICC) has been constituted and there were no
complaints reported under the Act during the year.
39. Acknowledgment
Your Directors take this opportunity to thank all Investors, customers, Vendors, Banks
and Government authorities for their continued support. Your Directors wish to place on
record their appreciation of the valuable contribution made by the employees.