A B N Intercorp Ltd
Directors Reports
To,
The Members,
A B N Intercorp Limited Delhi
1. COMPANY SPECIFIC INFORMATION:
1.1 FINANCIAL RESULTS:
The Board of Directors hereby submits the report of the business and operations of your
company along with the audited financial statements, for the financial year ended March
31, 2019.
Rs. In Lakhs
Particulars |
31/03/2019 |
31/03/2018 |
Revenue from Operations |
2,89,982.00 |
9,63,415.00 |
Other Income |
(212,911.91) |
(5,695,890.00) |
Profit / (Loss) Before Depreciation, Finance costs, Exceptional items and tax expenses |
(22,61,233.73) |
(5965402.00) |
Less: Finance Costs |
- |
35.00 |
Profit/loss before Exceptional items and Tax Expense |
(2,078,755.23) |
(5,763,939) |
Exceptional items |
- |
- |
Profit/ loss before Tax Expense |
(20,78,755.23) |
(57,63,939) |
Less: Current Tax |
- |
(1,502.00) |
Deferred Tax |
(1,22,921) |
(4,875.00) |
Balance of Profit/(Loss) for the year |
(1,955,834.23) |
(5,757,562.00) |
REVIEW OF OPERATION
The Total income from the operations is Rs. 2,89,982 and the expenditure incurred
during the year is Rs. 2,155,825.32 which is quite higher than the previous year. Further
Net Loss of the company is Rs. 1,955,834.23/- as compared to Net Loss of Rs. 5,757,562 of
previous year.
1.2 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.
1.3 DIVIDEND
The Board of Directors of your company, after considering holistically the relevant
circumstances and keeping in view the company's dividend distribution policy, has decided
that it would be prudent, not to recommend any Dividend for the year under review.
1.4 MAJOR EVENTS OCCURRED DURING THE YEAR
a) State of affairs of the company
Your company is engaged in the hospitality business of restaurants, hotels, cafe, tour
operator, travel agency and set up chain, purchase, establish or otherwise acquire, act as
advisors, financer.
b) Change in Nature of Business:
During the year there was no change in the nature of the business of the Company.
c) Material changes and commitments affecting the financial position of the company:
There have been no material changes and commitments, if any, affecting the financial
position of the Company which have occurred between the end of the financial year of the
Company to which the financial statements relate and the date of the report.
2. GENERAL INFORMATION
ABN Intercorp Limited is engaged in the hospitality business of restaurants, hotels,
cafe, holiday inns, resorts, villas, rest houses, guest houses, tour operator, travel
agency etc.
3. CAPITAL AND DEBT STRUCTURE:
During the year under review, the company has neither issued nor bought back shares.
The Capital of the company remains same as under.
Authorized Share Capital |
1,00,00,000 divided into 10,00,000 shares of Rs. 10 each |
Issued Share Capital |
41,95,320 divided into 4,19,532 shares of Rs. 10 each |
Paid Up share Capital |
41,95,320 divided into 4,19,532 shares of Rs. 10 each |
The Capital of the Company consist only Equity shares and no debenture or any other
debt securities issued by the company.
4. CREDIT RATING
During the year the company has not issued any securities and not raised any loan which
requires credit rating, hence credit rating provisions not applicable on company and has
not obtained any credit rating during the year.
5. INVESTOR EDUCATION AND PROTECTION FUND
The Company was not required to transfer any funds to Investor Education and Protection
Fund.
6. MANAGEMENT: 6.1 Directors and Key Managerial Personnel Board Composition:
The constitution of the Board (as on 31/03/2019) and the attendance of the Directors
are given below:
Name of the Directors |
Category of the Director (NE/E) |
Designation |
No. of Directorshi p |
No. of Meetings attended |
Details of committee As Member |
Presence As Chairman |
in previous AGM |
Mr. Ajai Kumar Rastogi |
E |
Managing Director Independent |
2 |
5 |
3 |
1 |
Yes |
Mr. Ajeet |
NE |
Director |
3 |
5 |
4 |
3 |
Yes |
Kumar |
|
Independent |
|
|
|
|
|
Ms. Pooja Verma |
NE |
Director |
1 |
5 |
4 |
- |
Yes |
Directors:
There has been no change in the constitution of Board of Directors of the Company
during the financial year 2018
2019.
Key Managerial Personnel
Re-appointment of Managing Director
The Company has re-appointed Mr. Ajai Kumar Rastogi as Managing Director of the
Company in whole time employment by the board of Directors of the company w.ef 30th
May, 2019.
Appointment of Company Secretary
The Company has appointed Ms. Ankita Mehta, as Company Secretary &
Compliance Officer of the Company in whole time employment by the board of Directors of
the company w.ef 10th April, 2019.
6.2 Independent Director's declaration:
The company has received necessary declarations from each Independent Director under
Section 149(6) and 149(7) of the companies Act, 2013 and regulation 16(1)(b) and
regulation 25(8) of SEBI (Listing Obligations and Disclosures Requirements) Regulations,
2015, that they meet the criteria of independence laid down thereunder.
As on 31st March, 2019, half of the Board Members consist of Independent
Directors on Company's Board having rich experience in their fields and they will add
value to the management of the company. An enlightened Board consciously creates a culture
of Board leadership to provide a long-term vision and policy thinking in order to improve
the quality of governance. The Board's actions and decisions are aligned with the
Company's best interests.
Independent directors of the company meet once times in the year 2018 - 2019 dated 20th
December, 2019 without executive directors of the company.
6.3 Board Meetings:
During the period under review 5 (Five) Board Meeting were held by the Board of
Directors to transact various business items as mentioned below:
Sr. No |
Date and Day of the Board Meeting |
Sr. No |
Date and Day of the Board Meeting |
1 |
Monday, 02nd April, 2018 |
4 |
Monday, 20th August, 2018 |
2 |
Tuesday, 15th May, 2018 |
5 |
Wednesday, 14th November, 2018 |
3 |
Wednesday 30th May, 2018 |
6 |
Saturday, 09th March, 2019 |
6.4 Committees
1. Audit Committee:
a) Brief Description
The primary object of the Audit Committee is to monitor and provide an effective
supervision of the
Management's financial reporting process, to ensure accurate and timely disclosures
with the highest levers of transparency, integrity and quality of financial reporting. The
committee oversees the work carried out in the financial reporting process by the
Management, the internal auditor, the statutory auditor and notes the processes and
safeguards employed by each of them.
b) Constitution and Composition of Audit Committee
The Company has in accordance with the Section 177 constituted the Audit Committee. The
Audit Committee constituted and re constituted from time to time to comply with statutory
requirement. The Audit Committee met 4 (four) times during the last financial year on the
following dates:
Sr. No. |
Date and Day of the Meeting |
Sr. No. |
Date and Day of the Meeting |
1. |
Friday, 25th May, 2018 |
3. |
Monday, 12th November, 2018 |
2. |
Tuesday, 28th August, 2018 |
4. |
Thursday, 28th February, 2019 |
The constitution of the Committee (as on 31/03/2019) and the attendance of each member
of the Committee are given below:
Name of the Member |
Type of Director |
Category |
No. of Meetings |
Attendance |
Mr. Ajai Kumar Rastogi |
E |
Member |
4 |
4 |
Mr. Ajeet Kumar |
ID |
Chairman |
4 |
4 |
Ms. Pooja Verma |
ID |
Member |
4 |
4 |
2. Nomination &Remuneration Committee
a) Constitution & Composition of Nomination & Remuneration Committee:
The Company has in accordance with the Section 178(1) constituted the Nomination &
Remuneration Committee. The main function of the Nomination & Remuneration Committee
is to formulation and recommendation of the policy for the appointment, removal,
performance evaluation of the directors & the consideration to be paid to them and
other matters as may be determined by the committee and the prevailing provisions for
formulation of criteria for evaluation of Independent Directors and Board. Further to
recommend/review remuneration of Directors based on their performance and carry out
functions as mandated by Board from time to time.
The Nomination & Remuneration Committee did not met during the last financial year.
The constitution of the Committee as on 31/03/2019 is as under:
Name of the Member |
Type of Director |
Category |
Mr. Ajai Kumar Rastogi |
E |
Member |
Mr.Ajeet Kumar |
ID |
Chairman |
Ms. Pooja Verma |
ID |
Member |
*The Nomination and Remuneration Committee consist of Mr. Ajai Kumar Rastogi who is
Managing Director in executive capacity, however the company is yet to appoint a
Non-executive Director to properly constitute the committee.
3. Stakeholders Relationship Committee:
As per the Section 178(5) of the Companies Act, 2013, a Company consisting of more than
1 (one) thousand Shareholders, debenture-holders, deposit-holders and any other security
holders at any time during a financial year shall constitute a Stake Holders Relationship
Committee. The Company has 7 shareholders at the end of the year hence; company has not
constituted the said committee. As per SEBI (Listing Obligations & Disclosure
Requirement) regulation, every listed company has to constitute Stakeholders Relationship
Committee. However Regulation 20 of SEBI (Listing Obligations & Disclosure
Requirement) regulations, 2015 is not applicable to the company.
4. Independent Director's Meeting
The Independent Directors of the Company met during the year as on 20th
December, 2018 without the attendance of non Independent Directors and members of the
Board. The Independent Directors reviewed the performance of the non-independent Directors
and Board as whole. The performance of the Chairman taking into account the views of
executive Directors and non-executive Directors and assessed the quality, quantity and
timeline of flow of information between company management and Board.
6.5 Recommendation of Audit Committee:
There are no transactions which are recommended by the audit committee and not accepted
by the board of the directors of the company.
6.6 Company's Policy on Directors appointment and remuneration:
The current policy is to have an appropriate mix of executive and independent directors
to maintain the independence of the board, and separate its functions of governance and
management. The policy of the
Company on directors' appointment and remuneration, including the criteria for
determining qualifications, positive attributes, independence of a director and other
matters, as required under sub-section (3) of Section 178 of the Companies Act, 2013 is
available at registered office for review.
There has been no change in the policy since last fiscal. We affirm that the
remuneration paid to the directors is as per the terms laid out in the Nomination and
Remuneration Policy of the Company.
Code of conduct:
The Company has already implemented a Code of Conduct for all Board Members and Senior
Managements of the company in compliance with SEBI (Listing Obligations and Disclosures
Requirements) Regulations, 2015 (earlier Listing Agreement). But, since the operations of
the Company were not much, the application of the code of conduct was limited to that
extent. The code of conduct of the company can be found on the website of the company at
www.abnintercorp.com
6.7 Board Evaluation:
BOARD EVALUATION:
During the year, the Board adopted a formal mechanism for evaluating its performance
and as well as that of its Committees and individual Directors, including the Chairman of
the Board. The evaluation framework for assessing the performance of Directors (including
Independent Directors) comprises of the following key areas:
Attendance and participation in the Meetings and timely inputs on the minutes of
the meetings.
Adherence to ethical standards & code of conduct of Company and disclosure
of non independence, as and when it exists and disclosure of interest.
Raising of valid concerns to the Board and constructive contribution to
resolution of issues at meetings.
Interpersonal relations with other directors and management.
Objective evaluation of Board's performance, rendering independent, unbiased
opinion.
Understanding of the Company and the external environment in which it operates
and contribution to strategic direction.
Safeguarding interest of whistle-blowers under vigil mechanism and Safeguard of
confidential information. The evaluation involves Self-Evaluation of the Board Member and
subsequently assessment by the Board of Directors. Observations of board evaluation
carried out for the year:
1. Previous year's observation s and actions taken:
2. Proposed actions based on current year observations:
6.8 Remuneration of Directors and Employees of Listed companies:
Pursuant to the Sub Rule (2) of the Rule 5 of the Companies (Appointment &
Remuneration or Managerial Personnel) Rules, 2014 and Amendment rules, 2016, read with
Section 197 of the Act, no employees was in receipt of the remuneration in aggregate to
Rs. One crore Two Lakhs per annum or Rs. Eight Lakh Fifty Thousand per month or at a rate
in excess of that drawn by the Managing Director / Whole time director of Manager and
holds himself or along with his spouse & dependent children, no less than two percent
of the equity shares of the Company. Further, the information required pursuant to Section
197 read with Rule 5 of the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014 in respect of employees of the Company will be provided upon
request. In terms of Section 136 of the Act, the Report and Accounts are being sent to the
Members and others entitled thereto, excluding the information on employees' particulars
which is available for inspection by the Members at the Registered Office of the Company
during the business hours on working days of the Company up to the date of the ensuing
Annual General Meeting. If any Member is interested in obtaining a copy thereof, such
Member may write to the Company Secretary in this regard. As per the provisions of Section
197(12) of the Companies Act, 2013, read with Rule 5 of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, the details of the ratio of the
remuneration of each director to the median employee's remuneration are described in the Annexure
A to this report.
6.9 Remuneration received by Managing Director/ Whole time Director from holding or
subsidiary company:
There is no such amount received by the Managing Director/ Whole time Director As the
company does not have any holding company or subsidiary company.
6.10 Director's responsibility statement:
Pursuant to the provisions of Section 134(5) of the Companies Act, 2013, the board of
directors, to the best of their Knowledge and ability confirm and state that
I. In the preparation of the annual accounts, the applicable accounting standards have
been followed along with proper explanation relating to material departures;
II. 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 loss of the
company for that period;
III. The Directors have 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;
IV. The Directors had prepared the annual accounts on a going concern' basis;
V. The Directors had laid down internal financial controls to be followed by the
Company and that such internal financial controls are adequate and were operating
effectively; and
VI. 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.
6.11 Internal Financial Controls:
The Company has an adequate system of internal control procedures which is commensurate
with the size and nature of business. Detailed procedural manuals are in place to ensure
that all the assets are safeguarded, protected against loss and all transactions are
authorized, recorded and reported correctly. The internal control systems of the Company
are monitored and evaluated by internal auditors and their audit reports are periodically
reviewed by the Audit Committee of the Board of Directors. The observations and comments
of the Audit Committee are also generally placed before the Board. Some key features of
the company's internal controls systems have been provided in the Management discussion
and Analysis Report as Annexure D which being annexed to this
report.
6.12 Frauds reported by the Auditor:
In pursuance to the Section 134(3)(ca) of the Companies Act, 2013 (the
Act), there has been no reported frauds being detected by the Auditor of the Company
in accordance with the Section 143 (12) of the Act.
7. DISCLOSURES RELATING TO SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES:
The Company does not have any Subsidiary, Associates Company or Joint Venture.
8. DETAILS OF DEPOSITS:
The Company has not invited or accepted deposit within the meaning of Section 73 of the
act read with rules made there under, from the public neither does have any unpaid or
unclaimed deposits along with interest during the year. Further, the company has not made
any default in repayment of deposits or payment of interest thereon, as no deposits have
been invited or accepted by the Company during the year. Furthermore, there are no such
deposits which are not in compliance with the requirements of Chapter V of the Act.
9. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS
The details of Loans, Guarantees or Investments made by the Company pursuant to section
186 of the Companies Act, 2013 are given in the notes to the Financial Statements.
10. CONTRACT OR ARRANGEMENT WITH RELATED PARTIES
There was no contract or arrangements made with related parties as defined under
Section 188 of the Companies Act, 2013 during the year under review.
11. CORPORATE SOCIAL RESPONSIBILITY (CSR) INITIATIVES:
Your company is not falling under the criteria mention as per Section 135 (1) of the
Companies Act, 2013 and the companies (Corporate Social Responsibilities) Rules, 2014.
Hence, the company has not developed and implemented any corporate Social Responsibilities
initiatives.
12. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS
AND OUTGO
Disclosures pertaining to conservation of energy, technology absorption, foreign
exchange earnings and outgo, are not applicable to company during the year under review.
Foreign Exchange Earnings : Nil Foreign Exchange Expenditure : Nil
13. RISK MANAGEMENT:
Considering the present condition of the company the company has formulated the risk
management policy. The board is being regularly provided with information which may have
potential threat of risk as and when required. The detailed policy can be find out at the
website of the company www. abnintercorp.com.
14. DETAILS OF WHISTLE BLOWER POLICY & VIGIL MECHANISM:
The Company has established a Whistle Blower and Vigil Mechanism Policy for
Directors and employees to report the genuine concerns as per the provisions of Section
177 (9) of the Companies Act, 2013. However the Section is not applicable to the Company
as per SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 but the
company has formed the policy as a part of good governance.
15. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORY:
There have been no material changes and commitments, affecting the financial position
of the company which have occurred between the end of the financial year of the company to
which the financial statements relate and the date of the report.
16. AUDITORS
Statutory Auditor:
M/s. RTPS & Co., Chartered Accountant, have completed their tenure as the statutory
Auditor of the company and will no longer continue as the Statutory Auditor.
The board of directors of the company have proposed the appointment of M/s. Mehra and
Co., , Chartered Accountants (F. R No.000393C), as the Statutory Auditors of the Company
who shall hold office for the term of 5 years from the conclusion of this 14th
Annual General Meeting till conclusion of the 17th Annual General Meeting of
the company subject to ratification by members of the company at every Annual General
Meeting held till 17th AGM and that the Board be and is hereby authorized to
fix such remuneration as may be determined by the Audit Committee in consultation with the
Auditors
The observations and comments, if any, marked in the Auditors' Report are
self-explanatory and therefore, do not call for any further comments.
Secretarial Auditor:
Mrs. Kajal Ankit Shukla, Proprietor of M/s. K. A Shukla & Associates, Practicing
Company Secretaries, has been appointed for the purpose of conducting Secretarial Audit of
the Company.
As the company have claimed exemption under the regulation 15 of SEBI Listing
Obligation (Disclosure & Requirements) Regulations, 2015, for Corporate Governance the
provisions of Annual secretarial compliance report as per circular dated 08th
February, 2019 is not applicable on the Company.
Cost Audit:
As per Section 148 of the Companies Act, 2013 read with the Companies (Audit and
Auditors) Rules, 2014, company is in construction business and the Companies (Cost Records
and Audit) Amendment Rules, 2014 (the Rules) are applicable to the company but the company
does not fall under the criteria mentioned in the rules.
Internal Auditor:
As per Section 138 of the Companies Act, 2013, read with the Companies (Accounts)
Rules, 2014 the company needs to appoint an Internal Auditor. However the company has not
appointed Internal Auditor for the financial year 2018-2019.
17. SECRETARIAL AUDIT REPORT:
Secretarial Audit Report is appended to this Report in MR 3 which forms part of Board's
Report as per Annexure C
18. EXPLANATIONS IN RESPONSE TO AUDITORS' QUALIFICATIONS
Explanation to the observations given in the independent Audit report:
The observations and comments, if any, marked in the Auditors' Report are
self-explanatory and therefore, do not call for any further comments.
Explanation to the observations given in the Secretarial Audit report:
In respect of the following observations made in the Secretarial Audit Report, we would
like to justify the qualifications / observations as follows:
1. In explanation to the first observation made by the Secretarial Auditor in the
Secretarial Audit Report, the company has not appointed Internal Auditor for the financial
year 2018-2019, the company would look into the matter and would endeavor to appoint for
the year 2019 2020 in compliance with Section 138 of the Companies Act, 2013.
2. In explanation to the second observation made by the Secretarial Auditor in the
Secretarial Audit Report, the company was in the process towards formulating a valuable
board structure consisting of learned personnel in order to follow the compliance with the
appointment of Chief Financial Officer and Company Secretary & Compliance Officer in
the company as per Section 203 of the Companies Act and with Regulation 6 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations 2015 and the company was able to
appoint the Company Secretary w.e.f 10th April, 2019 and Chief Financial
Officer is in due search of Chief Financial Officer.
3. In explanation to the third observation made by the Secretarial Auditor in the
Secretarial Audit Report, the company in order to have a fair constitution of the
Nomination and Remuneration Committee, as per Section 178 of the Companies Act, 2013 will
appoint a non-executive director and adhere to the constitution.
In respect of the matter of comments made by the Secretarial Auditor, the Board of
Directors is taking necessary steps to cure the issues.
19. COMPLIANCE WITH SECRETARIAL STANDARDS:
The Board of Directors state that the company has complied with the applicable
Secretarial Standards issued by the Institute of Company Sectaries of India i.e. SS-1,
SS-2 and SS-4 respectively relating to Meetings of the Board, its committees'
General Meetings and Board Report.
20. EXTRACT OF THE ANNUAL RETURN
The details forming part of the extract of the Annual Return in form MGT 9 is annexed
herewith as Annexure .
21. CORPORATE GOVERNANCE REPORT:
As per the criteria mention in the regulation 15 of SEBI Listing Obligation (Disclosure
& Requirements) Regulations, 2015, company is not falling under the same and the
company has claimed exemption from Stock Exchange. Hence company has not submitted
corporate governance report with the stock exchange for the period under review. The
company has claimed exemption under regulation 15(2) of SEBI Listing Obligation
(Disclosure & Requirements) Regulations, 2015.
22. ANNUAL SECRETARIAL COMPLIANCE REPORT:
As per the clarification issued by BSE dated 9th May, 2019 the company need
not to comply with the submission of Annual Secretarial Compliance report as does not
falling under the criteria mentioned under regulation 15 of SEBI Listing Obligation
(Disclosure & Requirements) Regulations, 2015. The company has claimed exemption under
regulation 15(2) of SEBI Listing Obligation (Disclosure & Requirements) Regulations,
2015 vide letter dated 30th May, 2019 to BSE.
22. MANAGEMENT DISCUSSION & ANALYSIS REPORT:
The Management Discussion and Analysis Report as per the Regulation 34 of the SEBI
Listing Obligation (Disclosure & Requirements) Regulations, 2015 is part of the Annual
Report as Annexure- D.
23. EQUAL OPPORTUNITY TO EMPLOYEE:
The Company has always provided a congenial atmosphere for work to all employees that
are free from discrimination and harassment including sexual harassment. It has provided
equal opportunities of employment to all without regard to their caste, religion, colour,
marital status and sex. The Company has also framed a Policy on Prevention of Sexual
Harassment at the workplace. There were no cases reported under the said Policy
during the year.
24. LISTING AT STOCK EXCHANGES:
The company is currently listed with the National Stock Exchange Emerge ITP. The
Listing fees for the Year 2019
2020 has been paid to the Stock Exchanges.
25. OTHER DISCLOUSRES:
a) Change in Registered Office:
The Company has changed its registered office From Gf-35, Ground Floor,Omaxe Square,
Plot No.14, Jasola, New Delhi to F-01, TDI Centre, Jasola, New Delhi for smooth and better
convenience with effect from 10th April, 2019.
26. DISCLOSURE OF OF TRANSACTIONS OF COMPANY WITH PROMOTER/ PROMOTER GROUP:
Sr. No. |
Name of the Promoter |
Nature of the Transaction |
Amount |
01 |
Ajai Rastogi |
Remuneration |
4,80,000 |
27. DISCLOSURE OF DEMAT SUSPENSE ACCOUNT / UNCLAIMED SUSPENSE ACCOUNT
With the advent of the new Securities & Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (enforced w.e.f. December 01,
2015), the listed entities are required to make disclosure in the Annual Report about the
details of share in Demat Suspense Account / Unclaimed Suspense Account. The details of
the same are mentioned below:
Aggregate number of shareholders and the outstanding shares in the Suspense Account
lying at the beginning of the year |
NIL |
Number of shareholders who approached listed entity for transfer of shares from
suspense account during the year |
NIL |
Number of shareholders to whom shares were transferred from suspense account during
the year |
Nil |
Aggregate number of shareholders and the outstanding shares in the suspense account
lying at the end of the year |
Nil |
The voting rights on these shares shall remain frozen till the rightful owner of such
shares claims the shares |
Not Applicable |
APPRECIATION
Your Directors place on record their appreciation and gratitude for the excellent
support the Company has received from its workers, employees, customers, vendors and
shareholders. They also express their sincere thanks to the Bankers and various State
Governments for the valuable support extended to the Company.
Date: 30.05.2019 |
For, A B N Intercorp Limited |
|
Place: New Delhi |
|
|
|
Sd/- |
Sd/- |
|
Mr. Ajai Kumar Rastogi |
Mr. Ajeet Kumar |
|
Managing Director |
Director |
|
DIN:00322447 |
DIN : 00416478 |
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