• SMC open account icon Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Home   >  Equity   >  Get Quotes

  • SENSEX Dec 10 2019 12:00
    40,239.88 -247.55 (-0.61%)
  • NIFTY Dec 10 2019 12:00
    11,856.80 -80.70 (-0.68%)
  • SENSEX Dec 10 2019 12:00
    40,239.88 -247.55 (-0.61%)
  • NIFTY Dec 10 2019 12:00
    11,856.80 -80.70 (-0.68%)
  • Nasdaq Dec 11 2019 04:30
    8,616.18 -5.64 (-0.07%)
  • DJIA Dec 11 2019 04:30
    27,881.72 -27.88 (-0.10%)
  • S&P 500 Dec 11 2019 04:30
    3,132.52 -3.44 (-0.11%)
  • Hang Seng Dec 10 2019 02:10
    26,436.62 -58.11 (-0.22%)
  • Crude Oil Dec 10 2019 11:45
    4,192.00 -5.00 (-0.12%)
  • Gold Dec 10 2019 11:45
    37,561.00 -22.00 (-0.06%)
  • Silver Dec 10 2019 11:45
    43,494.00 -8.00 (-0.02%)
  • Copper Dec 10 2019 11:45
    439.40 -0.10 (-0.02%)
  • Pound / Rupee Dec 23 2016 22:30
    93.33 -0.10 (-0.11%)
  • Dollar / Rupee Dec 23 2016 22:30
    70.96 -0.15 (-0.21%)
  • Euro / Rupee Dec 23 2016 22:30
    78.51 -0.30 (-0.38%)
  • Yen / Rupee Dec 23 2016 22:30
    0.65 0.00 (-0.12%)

Envair Electrodyne Ltd

BSE Code : 500246 | NSE Symbol : KIRLOSELEC | ISIN:INE601C01013| SECTOR: - |

NSE BSE
 
SMC up arrow

10.25

0.00 0.00 Volume 280564

14-Oct-1997 EOD

Prev. Close

10.25

Open Price

10.25

Bid Price (QTY)

-/-()

Offer Price (QTY)

-/-()

 

Today’s High/Low 10.25 - 10.25

52 wk High/Low 10.25 - 0.00

Key Stats

MARKET CAP (RS CR) 8.19
P/E 0
BOOK VALUE (RS) 1.1256579
DIV (%) 0
MARKET LOT 1
EPS (TTM) 0
PRICE/BOOK 23.9415545344638
DIV YIELD.(%) 0
FACE VALUE (RS) 10
DELIVERABLES (%)
4

News & Announcements

16-Nov-2019

Envair Electrodyne Ltd - Announcement under Regulation 30 (LODR)-Newspaper Publication

14-Nov-2019

Envair Electrodyne reports standalone net loss of Rs 0.62 crore in the September 2019 quarter

13-Nov-2019

Envair Electrodyne Ltd - Outcome Of Board Meeting Held On 13Th November 2019

08-Nov-2019

Envair Electrodyne to discuss results

08-Nov-2019

Envair Electrodyne to discuss results

14-Sep-2019

Envair Electrodyne to conduct AGM

04-Sep-2019

Envair Electrodyne schedules AGM

30-Aug-2019

Envair Electrodyne announces board meeting date

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
A & M Febcon Ltd 540697
A2Z Infra Engineering Ltd 533292 A2ZINFRA
Aakar Engineering & Manufacturing Company Ltd 522201
Aaron Industries Ltd 535103 AARON
Acrow India Ltd 513149
Action Construction Equipments Ltd 532762 ACE
Alfa-Laval (India) Pvt Ltd 505885 ALFALAVAL
Amaze Entertech Ltd 531112
Anup Engineering Ltd(Merged) 40333
Apex Intertech Ltd 526155
Arrow Macco (India) Ltd 40447
Asean Industrial Structures Ltd 531935
Avery India Ltd 526556 AVERY
Avon Corporation Ltd 532995
Baffin Engineering Projects Ltd 532161
Batliboi Ltd 522004 BATLIBOI
Bemco Hydraulics Ltd 522650
Bemco Jacks & Allied Products Ltd 522055
BEML Ltd 500048 BEML
Beta Corporation Ltd 531009
Bharat Dynamics Ltd 541143 BDL
Birla Machining & Toolings Ltd(merged) 505426 DAGERFORST
Birla Precision Technologies Ltd 522105
Birmingham Thermo-Tech Ltd 531428
Bosch Rexroth (India) Ltd 505366
Brady & Morris Engineering Company Ltd 505690
British India Steels Ltd 513065
Cenlub Industries Ltd 522251
Cimmco Ltd 505230 CIMMCO
CMI FPE Ltd 500147 FLATPROD
Commercial Engineers & Body Builders Company Ltd 533272 CEBBCO
Condequip Engineers (India) Ltd 531891
Consortex Karl Doelitzch (India) Ltd 531852 APOWERTOOL
Continental Valves Ltd 522041
Cranex Ltd 522001
Cromakem Ltd 526181
DE Nora India Ltd 590031 DENORA
Debock Sales and Marketing Ltd 535086 DSML
Disa India Ltd 500068 GEORGFISCH
Dynamatic Technologies Ltd 505242 DYNAMATECH
Eaton Fluid Power Ltd 505875 VICKERSYS
Eimco Elecon (India) Ltd 523708 EIMCOELECO
ELB Schliff (India) Ltd 522078
Elecon Engineering Company Ltd 505700 ELECON
Electrex India Ltd 517378 ELECTRX
Electronica Machine Tools Ltd 40150
EMA India Ltd 522027
Emkay Taps & Cutting Tools Ltd 532586 EMKAYTOOLS
ESL Industries Ltd 512583
Esquire Engineering Ltd 512371
Everflow Ltd (Merged) 508931
F L Smidth Ltd 521311 FULLERKCP
Felix Industries Ltd 535033 FELIX
Filtra Consultants & Engineers Ltd 539098
Filtron Engineers Ltd 531191
Flakt India Ltd (Merged) 505248
Flex Engineering Ltd(merged) 522167 FLEXENGG
Fluid Air (India) Ltd (Wound-up) 531753
Fluidclean Industries (India) Ltd 531386
Fluidomat Ltd 522017
Forbes & Company Ltd 502865 FORBESGOK
Forge & Blower Industries Ltd 522255
G G Automotive Gears Ltd 531399
G G Dandekar Machine Works Ltd 505250
G R Magnets Ltd 500152 GRMAGNET
Galaxy Agrico Exports Ltd 531911
GEI Industrial Systems Ltd 530743 GEINDSYS
Ghanshyam Steel Works Ltd 531876
GMM Pfaudler Ltd 505255 GMMPFAUDLR
Gremach CNC Ltd (Wound-up) 522103
Gujarat Apollo Industries Ltd 522217 GUJAPOLLO
Gujarat Toolroom Ltd 513337
Gunnebo India Pvt Ltd 513175
Haji Manzoor Alam Industries Ltd 509094
Harish Textile Engineers Ltd 542682
Hawa Engineers Ltd 539176
Hercules Hoists Ltd 505720 HERCULES
Hindustan Aeronautics Ltd 541154 HAL
Hindustan Everest Tools Ltd 505725
Hindusthan Udyog Ltd 513039
Hittco Tools Ltd 531661
HMT Ltd 500191 HMT
Hydroflex Equipments Ltd 531818
ICE Make Refrigeration Ltd 535034 ICEMAKE
Incon Engineers Ltd 531594
Incorporated Engineers Ltd 522095
Indabrator Ltd (Merged) 505260
International Combustion (India) Ltd 505737
International Conveyors Ltd 509709
Ion Exchange (India) Ltd 500214 IONEXCHANG
ISGEC Heavy Engineering Ltd 533033 SARASIND
ITL Industries Ltd 522183
Iykot Hitech Toolroom Ltd 522245
Janak Turbo Dynamics Ltd 522247
Jash Engineering Ltd 535019 JASH
John Fowler (India) Pvt Ltd 505280
Jord Engineers India Ltd 500232 JORDENGG
Josts Engineering Company Ltd 505750
Kabra Extrusion Technik Ltd 524109 KABRAEXTRU
Kalindee Rail Nirman (Engineers) Ltd(Merged) 522259 KALINDEE
Kaveri Engineering Industries Ltd (Wound-up) 522062
Kennametal India Ltd 505890 KENNAMET
Khaitan Paper Machines Ltd 523726
Kilburn Engineering Ltd 522101 KILBUNENGG
Kitty Steels Ltd 513711 KITSTEEL
Koa Tools India Ltd 517471
KPT Industries Ltd 505299
Kranti Industries Ltd 542459
La Tim Metal & Industries Ltd 505693
Lakshmi Precision Tools Ltd 40723
Latteys Industries Ltd 535085 LATTEYS
Lippi Systems Ltd 526604
Lokesh Machines Ltd 532740 LOKESHMACH
Loyal Equipments Ltd 539227
Macpower CNC Machines Ltd 535057 MACPOWER
Magnetix (India) Ltd 523106
Manugraph India Ltd 505324 MANUGRAPH
Marshall Machines Ltd 535106 MARSHALL
Mazda Ltd 523792 MAZDA
Mewar Hi-Tech Engineering Ltd 540150
Mirch Technologies (India) Ltd 505336
Misquita Engineering Ltd 542801
Mitsubishi Heavy Industries India Prec. Tools Ltd 40077
Miven Machine Tools Ltd 522036
Mold-Tek Technologies Ltd 526263 MOLDTECH
MPF Systems Ltd 532470
Multi Arc India Ltd 513685 MULTIARC
Mysore Kirloskar Ltd 500293
Nitin Fire Protection Industries Ltd 532854 NITINFIRE
Nubal (India) Ltd 530725
Om Metals Infraprojects Ltd 531092 OMMETALS
Otoklin Plants & Equipment Ltd 505783 OTOKLIN
Patels Airtemp (India) Ltd 517417
Pat-Parth Engineers Ltd (Wound Up) 531740
Perfect Infraengineers Ltd 532595 PERFECT
Pitti Engineering Ltd 513519 PITTIENG
Polymechplast Machines Ltd 526043
Praj Industries Ltd 522205 PRAJIND
Precision Tooling Systems Ltd 40391
Premier Ltd 500540 PREMIER
Rajasthan Tools Ltd (Merged) 500352
Rajoo Engineers Ltd 522257
Rampur Engineering Co Ltd 505793
Ranjeet Mechatronics Ltd 541945
Rapicut Carbides Ltd 500360
Real Value Appliances Ltd 500363 REALVALAPL
Redex Protech Ltd 523650
Remi Process Plant & Machinery Ltd 505658
Renco Gears Ltd 526129 RENCOGEAR
Rishi Laser Ltd 526861
Rolcon Engineering Company Ltd 505807
Saboo Brothers Ltd 530267
San Engineering & Locomotive Company Ltd 505155
Sandvik Asia Pvt Ltd 500374 SANDVIKAS
Shakti Met-dor Ltd 526510
Shivagrico Implements Ltd 522237
Sika Interplant Systems Ltd 523606
Simtools Pvt Ltd 505380
Singer India Ltd 505729 SINGER
Skipper Ltd 538562 SKIPPER
Skyline Millars Ltd 505650
Solid Carbide Tools Ltd 500394
Solitaire Machine Tools Ltd 522152
Sprayking Agro Equipment Ltd 540079
Stanford Engineering Ltd 505382
Sterling Powergensys Ltd 513575
Stone India Ltd 522085
Stotz Blacksmiths Ltd 532115
Sulzer India Ltd 522087 SULZER
Swetha Engineering Ltd 40468
Swiss Glascoat Equipments Ltd 522215
Tambraparni Diamond Dies & Tools Ltd 40194
Taneja Aerospace & Aviation Ltd 522229 TANEJAERO
Tata Advanced Material Ltd 526646 TATADVMATL
Tecpro Systems Ltd 533266 TECPRO
Terruzzi Fercalx India Ltd 522080 VULCANENG
Texmaco Rail & Engineering Ltd 533326 TEXRAIL
The Anup Engineering Ltd 542460 ANUP
Thejo Engineering Ltd 500492 THEJO
Thermax Ltd 500411 THERMAX
TIL Ltd 505196 TIL
Titagarh Wagons Ltd 532966 TWL
TMT (I) Ltd 522171 TMTINDIA
Trackparts of India Ltd 530373
TRF Ltd 505854 TRF
Trina Quebec Gears Ltd 522159
TTG Industries Ltd 522185 TTGIND
UB Engineering Ltd 509992 UBENGG
United Drilling Tools Ltd 522014
UT Ltd 526879
Va Tech Wabag Ltd 533269 WABAG
Veljan Denison Ltd 505232
Vidiani Engineers Ltd 522132 VIDIANIENG
Vijay Industries & Projects Ltd 517280
Vikram Projects Ltd (Wound-up) 523441 VIKRAMPROJ
VVN Manufacturing & Investa Ltd(Merged) 505535
Walchandnagar Industries Ltd 507410 WALCHANNAG
Wellman Incandescent India Ltd 522093 WELMANINCA
Western Paques (India) Ltd 500468 WESTNPAQUE
Wimco Ltd 500950 WIMCOLTD
Windsor Machines Ltd 522029 WINDMACHIN
XLO-Machine Tools Ltd 522007
Yuken India Ltd 522108 YUKENINDIA

Share Holding

Category No. of shares Percentage
Total Foreign 32076 1.06
Total Institutions 0 0.00
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 26872 0.88
Total Promoters 1869490 61.50
Total Public & others 1111562 36.57
Total 3040000 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Envair Electrodyne Ltd

Envair Electrodyne Ltd., formerly known as Kirloskar Electrodyne is a part of the multi-crore Kirloskar group. Kirloskars have been the pioneers in the field of engineering. The company owns three factories. Unit at Bhosari, Pune is engaged in oil purification and sheet metal fabrication. Clean air equipment is manufactured at their other plant, also located at Bhosari, Pune. The company has diversified into making mechanical cabinets for electronic equipment for which it has set up a plant at Chakan. For making these cabinets, the company has entered into a collaboration with Knurr, Germany. The company has imported cutting and punching machines and assembly fixtures from their German counterpart, for the plant at Chakan. In 1995-96,the company successfully manufactured and commissioned co-generation system at Ugar Sugar Works, Ugar. The company developed filteration system for cleaning of transformer oil, racks for networking of computers, open office partitioning systems and cost effective and sleek air curtains and electrostatic air cleaner as a result of its R & D activities. In the areas of clean air and hydraulic oil electrostatic cleaning, the company has top ranking position in India. The company launched its workstations under Elvin brand and they were well received in the market. The sale of all product groups showed increase in the turnover except Hydraulic Oil Cleaner. Company decides to focus on two major activities - Air Contamination control equipment & Cabinets for Electronics & Technical Furniture. During the year 1999-2000, the Company exported Oil Cleaners worth Rs. 3,71,993/-.

Envair Electrodyne Ltd Chairman Speech

Envair Electrodyne Ltd Company History

Envair Electrodyne Ltd., formerly known as Kirloskar Electrodyne is a part of the multi-crore Kirloskar group. Kirloskars have been the pioneers in the field of engineering. The company owns three factories. Unit at Bhosari, Pune is engaged in oil purification and sheet metal fabrication. Clean air equipment is manufactured at their other plant, also located at Bhosari, Pune. The company has diversified into making mechanical cabinets for electronic equipment for which it has set up a plant at Chakan. For making these cabinets, the company has entered into a collaboration with Knurr, Germany. The company has imported cutting and punching machines and assembly fixtures from their German counterpart, for the plant at Chakan. In 1995-96,the company successfully manufactured and commissioned co-generation system at Ugar Sugar Works, Ugar. The company developed filteration system for cleaning of transformer oil, racks for networking of computers, open office partitioning systems and cost effective and sleek air curtains and electrostatic air cleaner as a result of its R & D activities. In the areas of clean air and hydraulic oil electrostatic cleaning, the company has top ranking position in India. The company launched its workstations under Elvin brand and they were well received in the market. The sale of all product groups showed increase in the turnover except Hydraulic Oil Cleaner. Company decides to focus on two major activities - Air Contamination control equipment & Cabinets for Electronics & Technical Furniture. During the year 1999-2000, the Company exported Oil Cleaners worth Rs. 3,71,993/-.

Envair Electrodyne Ltd Directors Reports

To,

The Members Envair Electrodyne Ltd.

Your Directors are pleased to present your Company's 37th Board's Report, together with the Audited Financial Statement for the Financial Year ended on 31st March 2019:

1. FINANCIAL RESULTS

Particulars Current Year 2018-19 Previous Year 2017-18
Income Earned During the year 35,195,018 85,539,403
Profit before Taxes & Other adjustments (27,921,792) 34,669,816
Add prior period income 162020 -
Profit before Taxes (27,759,772) 34,669,816
Less Provisions for Taxes 47,36,655 -
Less Current Tax 21,33,798
Add/ (Less) Deferred Tax - -
Profit for the period (32,496,427) 32,536,018
Add: Item not classified to profit & loss 2,86,874 -
Total Comprehensive Income (32,209,553) 32,536,018
Profits carried forward from previous year 28,58,166 (29,677,852)
Less proposed Dividend - -
Less Dividend Distribution Tax - -
Profits c/f to Balance Sheet (29,351,388) 32,536,018

2. CHANGE IN NATURE OF BUSINESS IF ANY

During the year under review, there is no change in the nature of business.

3. EXTRACT OF ANNUAL RETURN & WEB LINK OF ANNUAL RETURN

The extract of Annual Return as on 31st March 2019, pursuant to the provisions of Section 92 of the Companies Act, 2013 and Rules framed there under, in the prescribed Form MGT-9 is annexed to this report as "Annexure 2"

The copy of annual return is available on the companies website www.envair.in

4. NUMBER OF BOARD MEETINGS

The Board of Directors duly met 8 times during the financial year 2018-19. During the year, the meetings of the Board of Directors of the Company were held on 11.5.2018, 24.5.2018, 7.7.2018, 9.08.2018, 24.09.2018, 14.11.2018, 31.01.2019 &11.02.2019, respectively.

5. AUDIT COMMITTEE MEETING

The Company has duly constituted Audit Committee. The Audit Committee was reconstitute by the Board and consist 5 members. They have vast experience and knowledge of Corporate affairs and Financial management and possess strong accounting and financial Management expertise. All the recommendation made by the Audit committee were accepted by the Board.

6. MANAGEMENT DISCUSSION &ANALYSIS

Sales decreased by 18.50% compared to previous year. The Company has shored up its networth and it now stand at Rs.2,76,07,057/-. This would provide a spring board for future growth of the company.

Prestigious assignments for ESD(Electro static discharge) Furniture and fume exctraction system were done for Sloyd Ventures, Hyderabad.

Prestigious assignment for Technical furniture were done for Apollo Micro Systems Ltd.

Prestigious assignment for clean room were done for Nuclear Power Corporation Ltd..

7. DIRECTORS' RESPONSIBILITY STATEMENT

In accordance with the provisions of Section 134(5) of the Act, the Board hereby submits its Responsibility Statement:

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

b) the directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the company for that period;

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

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

e) 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;

f) the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

8. STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTOR

All the Independent Directors have submitted their disclosures to the Board that they fulfill all the requirements as stipulated in Section 149(6) of the Act and Clause 49 of the Listing Agreement so as to qualify themselves to be continued as Independent Directors under the provisions of the Act and the relevant Rules.

9. SHARE CAPITAL

The Paid up equity share capital as on 31st March 2019 was Rs. 30,400,000. Their was preferential issue of 16.00. 000 convertible warrants to promoter and non promoter group. The warrants to be converted into equity shares.

16.00. 000 warrants allotted on 24th September 2018 in board meeting to promoter and non promoter group and members approval of preferential issue had been taken in previous Annual General Meeting held on 10th August 2018.

The price of warrants to be issued is fixed at Rs. 30 Per warrants convertible into equal number of equity share of Rs. 10/- each at premium of Rs. 20/- per share in accordance with the price determined in terms of Regulation 76A of the ICDR Regulations. The warrants shall be exercised within a period of 18 months from the date of allotment, in one or more tranches

10. NOMINATION AND REMUNERATION COMMITTEE

The company has duly established Nomination & Remuneration Committee. The Committee has presented to the Board the policy with respect to remuneration to the Directors, Key Managerial Personnel and other employees

11. DIRECTOR'S APPOINTMENT AND REMUNERATION

As per Clause 128 of the Article of Association of the Company, one third strength of the Board is required to retire by rotation at the ensuing Annual General Meeting. Mr. Harish Agarwal and Mr. Archit Aggarwal, Director will retire by rotation.

Mr. Vikas Khanvelkar resigned from the post of Independent Director on 23rd October 2018.

Mr. Sanjiv Kumar Narain is appointed as Independent director with effect from 7th June 2019.

Mrs. Prachi Narula is appointed as Women Independent Director with effect from 7th June 2019.

12. AUDITORS:

a) Statutory Auditors:

The Shareholders at the 35th Annual General Meeting, appointed M/s C.V. Chitale, Chartered Accountants (Firm Registration no. 126338W) Pune as statutory Auditor's of the Company for a period of five years.

In response to the qualification specified by the statutory auditor, the management views are as under:

Trade receivable, Trade payable and advances are receivable/ payable in due course of time except as provided in financial statement. As per management no further provision is required for said balance.

b) Secretarial Auditors:

Mr. I.U. Thakur Company Secretary in Practice having Membership no. FCS 2298 was appointed to conduct the Secretarial Audit of the Company for the F.Y. 2018-

19 as required under section 204 of the Act and Rule made there Rule under. The Secretarial Audit report, in form MR-3 for the F.Y 2018-19 is annexed to this report.

c) Internal Auditor

Devesh shah & Co., Chartered Accountants are the Internal Auditor of the Company.

13. PARTICULARS OF LOAN, GUARANTEES OR INVESTMENTS

During the Financial Year, your Company has not given any loan, guarantees & investments covered under Section 186 of the Companies Act, 2013.

14. RELATED PARTY TRANSACTIONS

All related party transactions that were entered into during the financial year 2018-19 were on an arm's length basis and were in the ordinary course of business. All related party transactions are placed before the Audit Committee as also the Board for approval.

None of the Directors has any pecuniary relationships or transactions vis-a-vis the Company except remuneration paid to the Executive Director as per the Companies Act, 2013.

The particulars of Transactions with related parties in prescribed form under Section 134 of the Companies Act, 2013 has been mentioned in Note No. 14 of the Financial Statements..

15. RESERVES

The company proposes to carry Rs. (29,35,188)/- to Reserves after adjusting previous profit of Rs. 28,58,166/- from current year loss of Rs.32,209,553/-. This makes Equity plus other Equity as Rs 15,607,057/-.

16. DIVIDEND

Since there was no operational profit, the Board has not recommended any dividend during the Financial Year 2018-19.

17. MATERIAL CHANGES & COMMITMENTS BETWEEN THE DATE OF THE BALANCE SHEET & THE DATE OF REPORT

There are no material changes between the date of Balance Sheet & the date of this report that would affect the financial position of the Company.

18. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE &OUTGO

Information required under Section 134 (3) (m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules 2014 is given in "Annexure 1" attached to this Report.

19 RISK MANAGEMENT POLICY

Risk of obsolesce of products, manufacturing equipment's & processes are regularly evaluated.

20 CORPORATE SOCIAL RESPONSIBILITY

Since the Company's networth does not exceed Rs. 500 crores or Company's turnover does not exceed Rs. 1000 crores or the Company's net profit does not exceed Rs. 5 crore for any financial year, the provisions of section 135 of the Companies Act, 2013 are not applicable.

21. FORMAL ANNUAL EVALUATION

The Board has formulated a Board Evaluation Policy for evaluation of Individual Directors as well as the entire Board & Committees of the Board. The Evaluation frame work is divided in to parameters based on the various performance criteria to be done annually. The evaluation for the year ended 31st March, 2019 has been completed.

Sr. No. Particulars Disclosure
1. Financial summary/highlights Already given in Sr.No.1
2. Change in the nature of business There is no change in the nature of business.
3. Details of directors or key managerial personnel who were appointed or have resigned during the year; Mr. Vikas Khanvelkar resigned from the post of Independent Director on 23rd October 2018.
Mr. Rajabhau Ramchandr Joshi resigned from the post of C.F.O on 11th September 2018
Mr. Prince Vohra, is appointed as Chief Finance officer with effect from 23th April 2019.
Mr. Sanjiv Kumar Narain appointed as Independent director with effect from 7th June 2019. Mrs. Prachi Narula appointed as Women Independent Director with effect from 7th June 2019.
Mr. Prince Vohra appointed as CFO with effect from 23rd April 2019
Names of companies which have become or ceased to be its Subsidiaries, joint ventures or associate companies during the year along with reasons therefore; The company does not have any subsidiaries.

22. DISCLOSURES PURSUANT TO SECTION 197 (12) OF THE COMPANIES ACT, 2013 AND THE RULES MADE THEREUNDER

Sr. No. Particulars
(i) the ratio of the remuneration of each director to the median remuneration of the employees of the company for the financial year Name of the Director: Ratio:
Mr. Anil Nagpal 0:0
Mr. Harish Agarwal 0:0
Mr. Archit Agarwal 0:0
(ii) Percentage increase in remuneration of each director and CEO in the financial year Mr. Anil Nagpal Mr. Harish Agarwal Mr. Archit Agarwal 0.00% 0.00%

 

(iii) Percentage increase in the median remuneration of employees in the financial year 0.00%
(iv) Number of permanent employees on the rolls of company; 40
(v) Explanation on the relationship between average increase in remuneration and company performance Remuneration is revised based on the Company's policy which is based on Annual Operating Plan.
(vi) Comparison of the remuneration of the Key Managerial Personnel against the performance of the company; Comparison base year is 2017-18. Increase in the remuneration of KMP is 0%
(vii) The key parameters for any variable component of remuneration availed by the directors Key Parameters: There is no variable payment made to the Directors for the year.

 

(viii) The ratio of the remuneration of the highest paid director to that of the employees who are not directors but receive remuneration in excess of the highest paid director during the year. Name: Nil Ratio: Nil
(ix) Affirmation The Board affirms that the remuneration is as per the remuneration policy of the company.

23. ENVIRONMENT & SAFETY

The Company is aware of the importance of environment clean

24. DETAILS OF FRAUDS REPORTED BY AUDITORS:

There are no fraud against the Company reported by the Auditors for the period under report.

25. VIGILMECHANISM

As per Provisions of Section 177(9)&(10) of the Companies Act, 2013, a Vigil Mechanism for Directors & employees has been established. The Vigil Mechanism Policy has been uploaded on the website of the Company at www.envair.in under Investors/ policy documents/ Vigil Mechanism Policy link.

26. DISCLOSURE ON SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT,2013

The Company has in place an Anti Sexual Harassment Policy in line with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. Internal Complaints Committee has been set up to redress complaints received regarding sexual harassment. All employees are covered under this policy. There are no complaints received during the year underreport.

27. SECRETARIAL STANDARD OF THE ICSI

The Company is in Compliance with the secretarial Standards on the meeting of Board of Director (SS-1) and General meeting (SS-2) as issued and amended by the Institute of Company secretaries of India (ICSI)

28. APPRECIATION:

The Director express their gratitude to the Dealers, Suppliers and Bank for their co-operation and express warm appreciation for the sincere co-operation and dedicated work by the employees of the Company.

For and on behalf of the Board of Directors,
ANIL NAGPAL
MANAGING DIRECTOR
DIN:01302308
Place: Pune Date: 3.9.2019

ANNEXURE ‘ 1' TO THE BOARD'S REPORT

CONSERVATION OF ENERGY, TECHNOLOGY ABSORBTION, FOREIGN EXCHANGE EARNINGS & OUTGO (A) CONSERVATION OF ENERGY:

ENERGY CONSERVATION MEASURES TAKEN:

No capital investment was done for Energy conservation. The demand side management gave marginal results in Energy conservation inspite of almost same manufacturing tonnage & increased tariff.

S.no. Particulars 2018-19 2017-18
1 Expenses on power & fuel Rs 13,37,373 Rs 11,78,541

(B) RESEARCH AND DEVELOPMENT:

1) AREAS IN WHICH R & D IS CARRIED OUT BY THE COMPANY:

The development work was done for Electrostatic Cleaners, Air Showers, Air Tunnels and Technical Furniture.

2) BENEFITS DERIVED AS A RESULT OF R & D

We expect new business opportunities & better productivity to our customers.

3) FUTURE PLANS

Company desires to develop various machines with smart functions.

4) TECHNOLOGY ABSORPTION, ADAPTATION & INNOVATION

Company sold developed products to top class customers. Better designs have reduced product support costs.

(C) FOREIGN EXCHANGE EARINGS & OUTGO:

Foreign Exchange earned was Rs.3.71 lacs. There was no Foreign exchange out flow during the current Financial year 2018-19.

For and on behalf of the Board of Directors,
ANIL NAGPAL
MANAGING DIRECTOR
DIN:01302308
Place: Pune Date: 3.9.2019

   

Envair Electrodyne Ltd Company Background

Incorporation Year1981
Registered Office117 S Block,MIDC Bhosari
Pune,Maharashtra-411026
Telephone91-020-27120121/30688117/18,Managing Director
Fax91-020-30688130
Company SecretaryAnkita Trivedi
AuditorC V Chitale & Co
Face Value10
Market Lot1
ListingBSE,
RegistrarUniversal Capital Sec. Pvt Ltd
21 Shakil Niwas,Mahakali Caves Road,Andheri (E),Mumbai - 400 093

Envair Electrodyne Ltd Company Management

Director NameDirector DesignationYear
Avinash Kulkarni Independent Director 2017
Harish Kumar Agarwal Additional Director 2017
Anil Nagpal Additional Director 2017
Anchit Aggarwal Additional Director 2017
Ankita Trivedi Company Secretary 2017

Envair Electrodyne Ltd Listing Information

Envair Electrodyne Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Clean Air Equipments No 0001.74117
Workstations No 0000.96688
Oil Purifiers No 0000.36474
Trading Sales NA 0000.15577
Service rendered NA 0000.09899
Other Operating Income NA 0000.0535
Sales NA 0000
Excise Duty NA 0000
Spare Parts/Trading items NA 0000
Adjustment NA 0000
Recirculation Coolers No 0000
Unspecified NA 0000
Other Fabrications No 0000
Silent Canopies No 0000
Racks/Chassis No 0000
Generator Sets-13.5/125 KVA No 0000
Generator Sets-320 KVA No 0000
Control Panels (other Applica)No 0000

Contact us