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BSE Code : | NSE Symbol : | ISIN:| SECTOR: - |

NSE BSE
 

Volume 280564

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Key Stats

MARKET CAP (RS CR) 16.51
P/E 0
BOOK VALUE (RS) 18.1004451
DIV (%) 0
MARKET LOT 1
EPS (TTM) 0
PRICE/BOOK 1.35355787466243
DIV YIELD.(%) 0
FACE VALUE (RS) 10
DELIVERABLES (%)
4

News & Announcements

16-Nov-2019

Ocean Agro (India) reports consolidated net profit of Rs 0.03 crore in the September 2019 quarter

14-Nov-2019

Ocean Agro (India) Ltd - Financial Results For September 30, 2019

30-Oct-2019

Ocean Agro (India) to conduct board meeting

25-Oct-2019

Ocean Agro (India) Ltd - Board Meeting Intimation for To Take On Record The Unaudited Financial Results For The Quarter Ended On 30Th September, 2019

30-Oct-2019

Ocean Agro (India) to conduct board meeting

31-Aug-2019

Ocean Agro (India) to conduct AGM

01-Aug-2019

Ocean Agro (India) announces board meeting date

20-May-2019

Board of Ocean Agro (India) approves voluntary delisting of shares from BSE

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 and M Jumbo Bags Ltd 535046 AMJUMBO
Aditya Polymers Ltd 514338
Ador Technopak Ltd(merged) 516076
Akar Laminators Ltd 500005 AKARLAMIN
Akar Polymatik Ltd (Merged) 516056
AMD Industries Ltd 532828 AMDIND
Anuroop Packaging Ltd 542865
ARM Polymers Ltd 514396
Arun Mantex Ltd 514340
Ashok Polymers Ltd 40470
Asian Closures Ltd 513279
Asian Consolidated Industries Ltd 500022 ASIANCONSO
Avon Industries Ltd 523531 AVONIND
B & A Packaging India Ltd 523186
Balmer Lawrie Freight Containers Ltd 500037
Balmer Lawrie Vanleer Ltd 505864
Baroda Polyplast Ltd 514346
Biax Ltd (Merged) 523393 BIAX
Bilcare Ltd 526853
BKM Industries Ltd 539043 BKMINDST
Canbay Polyfilms Ltd (Wound-up) 526658
Commercial Syn Bags Ltd 539986
Consolidated Containers (India) Ltd 526147
Control Print Ltd 522295 CONTROLPR
Cosmo Films Ltd 508814 COSMOFILMS
Duck Tarpaulins Ltd 512620
Duropack Ltd 526355
Eastern Synpacks Ltd 40201
Ecoplast Ltd 526703
Emmbi Industries Ltd 533161 EMMBI
Essel Propack Ltd 500135 ESSELPACK
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Everest Kanto Cylinder Ltd 532684 EKC
Expo Gas Containers Ltd 526614
FCL Technologies & Products Ltd(merged) 524600 FLEXCHEM
Flexituff Ventures International Ltd 533638 FLEXITUFF
G. Claridge & Co Ltd 509545
Galore Prints Industries Ltd 526679
Garware Polyester Ltd 500655 GARWARPOLY
Gilt Pack Ltd 507711
Glory Films Ltd 532857 GLORY
Gold Earth Bio-tech Limited 530767
Gopala Polyplast Ltd 526717
Greenfield Corp Ltd 531912
Gujarat Containers Ltd 513507
Gujarat Polyweave Ltd (Wound Up) 507764
Gujarat Propack Ltd (Merged) 507790
Gujarat Raffia Industries Ltd 523836 GUJRAFFIA
Gulabdas Flexipack Industries Ltd 530685
Harsh Polymers(India) Ltd 514370
Him Containers Ltd 523535
Hindustan Adhesives Ltd 514428
Hindustan Tin Works Ltd 530315 HINDTINWRK
Hitech Corporation Ltd 526217 HITECHCORP
Hitkari Industries Ltd 530633
Hoysala Blow Moulders (India) Ltd 507906
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Jindal Poly Films Ltd 500227 JINDALPOLY
JMDE Packaging & Realties Ltd 524378
Jumbo Bag Ltd 516078 JUMBO
Kailash Structurals Ltd 40210
Kaira Can Company Ltd 504840
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Kanpur Plastipack Ltd Partly Paid Up 890143
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Karur KCP Packkagings Ltd 531363 KARURKCP
KLJ Plastics Ltd 526257
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Leela Packaging Ltd 523884
Magnum Polymers (India) Ltd 40182
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Maniyar Plast Ltd 526321
Manjushree Technopack Ltd 532950 MANJUSHREE
Maruti Plastics Ltd 519341
Marvel Industries Ltd 532073
Metal Box India Ltd 504838
Mewar Polytex Ltd 531236
Midland Plastics Ltd 523698
Midland Polymers Ltd 531597
MLG Industries Ltd 513619
Morgan Industries Ltd 523564
MTZ Polyfilms Ltd 512424
Nahar Polyfilms Ltd 523391 NAHARPOLY
Natco Polyplast Ltd 526743
Neo Corp International Ltd 523820 NEOCORP
New Plastomers India Ltd 526777
Numech Emballage Ltd 507884
Oberoi Plastics Ltd (Wound-up) 526803
Orient Press Ltd 526325 ORIENTLTD
Packtech Industries Ltd 523702
Panjwani Packaging Ltd 523584
Pankaj Polymers Ltd 531280
Paramount Printpackaging Ltd 533399 PARAPRINT
PCI Papers Ltd 40460
Perfectpac Ltd 526435
Pithampur Poly Products Ltd 530683
Planters Polysack Ltd 523105
Point Plast Ltd 526053
Polyplex Corporation Ltd 524051 POLYPLEX
Polyspin Exports Ltd 539354
Poysha Industrial Company Ltd 504887
Pressure Sensitive Systems (India) Ltd 526773
Prestige HM-Polycontainers Ltd 507707
Prudential Polywebs Ltd 526023
Purity Flex Pack Ltd 523315
Pushpa Packages Ltd 40254
Quantum Digital Vision India Ltd 530281
Radiant Rotogravure Ltd 531526
Raj Packaging Industries Ltd 530111
Rajshree Polypack Ltd 535109 RPPL
Ras Extrusions Ltd (Merged) 523780
Ras Propack Lamipack Ltd (Merged) 500361 RASLAMIPAK
Rasik Plast Ltd 526552
Rathi Graphic Technologies Ltd 524610
Rishi Techtex Ltd 523021 RISHIPACK
Rollatainers Ltd 502448 ROLLT
Rotoflex Industries Ltd 526903
Safepack Polymers Ltd (Wound-up) 523090
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Shatranjay Extrusions Ltd 513476
Shetron Ltd 526137 SHETRON
Shree Rama Multi-Tech Ltd 532310 SHREERAMA
Shree Tirupati Balajee FIBC Ltd 535013 TIRUPATI
Shri Jagdamba Polymers Ltd 512453
Siltap Chemicals Ltd (Merged) 507777 SILTAPCHEM
Sonal Adhesives Ltd 526901
Stanpacks (India) Ltd 530931
Suniti Commercials Ltd 512357
Suprapti Plastics Ltd 530539
Supreme Oriented Films Ltd (Merged) 523273
Sushil Packaging (India) Ltd 516094
TCPL Packaging Ltd 523301 TCPLPACK
Texel Industries Ltd 526638
Texplast Industries Ltd 530635
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TPL Plastech Ltd 526582 TPLPLASTEH
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Uvifort Metallizers Ltd (Merged) 523481
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Venlon Enterprises Ltd 524038 VENLONPOLY
Victory Laminations Ltd 40202
Virgo Polymers (India) Ltd 531282
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Wopolin Plastics Ltd 509419 WOPOLIN
Yashraj Containeurs Ltd 530063

Share Holding

Category No. of shares Percentage
Total Foreign 0 0.00
Total Institutions 200 0.00
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 0 0.00
Total Promoters 4711700 69.86
Total Public & others 2033000 30.14
Total 6744900 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Ocean Agro (India) Ltd

Incorporated in Jun.'90 as a private limited company, Ocean Agro (India) (OAL) was converted into a public limited company in Apr.'94. The promoters of the company are Kaushik B Parikh and Maharbhai D Patel. Kaushik B Parikh is the managing director of OAL. It manufactures hi-tech polymer packaging material and bio-stimulants. The company's manufacturing units are located at Nandesari the Baroda district. In Jul.'94, it came out with its initial public issue of 39 lac equity shares (premium : Rs 40), aggregating Rs 19.5 cr. The main objectives of the issue were to part-finance a Rs 30.54-cr project to remove bottlenecks in its plastics division, incorporate automation wherever possible for increasing the capacity, enhance plant capacity of the bio-stimulants division and set up a nationwide marketing network. In 1995, the company set up a drip/sprinkler irrigation system in Baroda for which it received subsidies from the Gujarat government. It has also set up a solar photovoltaic pumping system for agricultural purposes with financial assistance from IREDA.

Ocean Agro (India) Ltd Chairman Speech

Ocean Agro (India) Ltd Company History

Incorporated in Jun.'90 as a private limited company, Ocean Agro (India) (OAL) was converted into a public limited company in Apr.'94. The promoters of the company are Kaushik B Parikh and Maharbhai D Patel. Kaushik B Parikh is the managing director of OAL. It manufactures hi-tech polymer packaging material and bio-stimulants. The company's manufacturing units are located at Nandesari the Baroda district. In Jul.'94, it came out with its initial public issue of 39 lac equity shares (premium : Rs 40), aggregating Rs 19.5 cr. The main objectives of the issue were to part-finance a Rs 30.54-cr project to remove bottlenecks in its plastics division, incorporate automation wherever possible for increasing the capacity, enhance plant capacity of the bio-stimulants division and set up a nationwide marketing network. In 1995, the company set up a drip/sprinkler irrigation system in Baroda for which it received subsidies from the Gujarat government. It has also set up a solar photovoltaic pumping system for agricultural purposes with financial assistance from IREDA.

Ocean Agro (India) Ltd Directors Reports

To

The Members,

Your Directors have pleasure in presenting the 28th Annual Report together with the Audited Financial Statements of the company for the year ended 31st March 2018.

1. Financial Performance

(Rs. in Lacs)

PARTICULARS

Year ended 31/03/2018

Year ended 31/03/201

Income for the year was

2005.04

2350.55

The year's working shows a Gross Profit of

93.02

184.56

Out of which, Provisions have been made for :-
Depreciation

35.17

31.52

Provision for Taxation :
(i) Current Income Tax

17.50

24.00

(ii) Deferred Tax
Provision for doubtful debts

20.00

80.00

Previous year expenses

0.00

0.00

Profit after Income Tax

20.35

49.04

2. Dividend

Due to inadequacy of profit, directors have thought fit to conserve the liquidity. The directors therefore do not recommend dividend for the current year.

3. Industrial Relation

Industrial relations remained cordial throughout the year. Your Directors place on record their deep appreciation of the contribution made by the employees at all levels. Measures have been taken for Human Resources Development.

4. Performance/ Statement of Company's Affairs

During the year under report turnover has decreased 14.70% from Rs. 2350.55 lacs to Rs. 2005.04 lacs and the profit after tax has decreased from Rs. 49.04 lacs to Rs. 20.35 lacs. Sales is decreased due to implementation of GST from 1st July 2017.The Directors are endeavoring to improve the performance of the Company in the coming years. Company is strengthening it sales and distribution network by increasing sales staff in unrepresented areas.

5. Corporate Social Responsibility

Section 135 of the Companies Act, 2013 and framed Rules thereunder provides that certain Companies are require to spend 2% of its average net profit during 3 preceding years on CSR activities. It also provides formation of CSR committee of the Board. The Rules prescribe the activities qualify under CSR and the manner of spending the amount.

The company is not covered under section 135 of the Companies Act, 2013 and the Rules framed thereunder for the financial year under report. CSR Committee of the Board will be constituted at the time of applicability, of section 135 of the Act. Hence CSR report is not required to be annexed.

6. Disclosure under Companies Act, 2013 (i) Share Capital

The paid up equity capital as on March 31, 2018 was Rs. 75,871,545.00. During the year under review, The Company has neither issued shares with differential voting rights nor granted stock options nor sweat equity nor bonus share.

(ii) Board Meetings

A calendar of Meetings is prepared and circulated in advance to the Directors.

During the year 6 (Six) Board Meetings were convened and held. The details of which are given below:

Date of Meeting
1 May 29, 2017
2 August 19, 2017
3 September 12, 2017
4 November 13, 2017
5 February 12, 2018
6 March 10, 2018

The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013.

(iii) Statement on Declaration given by Independent Director

All independent directors have given declarations that they meet the criteria of independence as laid down under section 149 (6) of the Companies Act, 2013.

(iv) Independent Directors' Meeting

The Independent Directors met on 10.03.2018, without attendance of Non-Independent Directors and members of the Management. The Directors reviewed performance of the non-Independent Director and the Board as a whole; the performance of the Chairman of the Company, taking into account the views of Executive Directors and Non-Executive Directors and assessed the quality, quantity and timeliness of flow of information between the Company Management and the Board that is necessary for the Board to effectively and reasonably perform their duties.

(v) Particulars of Loans, Guarantees or Investments

The company has neither given any loans or guarantees nor made investments covered under the provisions of section 186 of the Companies Act, 2013.

(vi) Audit Committee Meeting

During the year under review Audit Committee met 4 (Four) times on May 29, 2017, September 12, 2017, November 13, 2017 and February 12, 2018. The intervening gap between two meetings did not exceed four months.

The Composition of the Audit Committee and details of attendance of the members at the committee meetings during the year are given below:

Name Category

No. of Meetings During the Year

Held

Attended

Shri Girishbhai Shah* Independent Director

2

2

Shri Kaushikbhai Parikh Managing Director

6

6

Dr. Ramanbhai Patel Independent Director

6

6

Smt. Rekhaben Shah Independent Director

6

6

* Shri Girishbhai Shah, Independent Director ceased to be a Director due to his death on 22.10.2017.

The Chief Financial Officer and representatives of Statutory Auditors are invited to the meetings of the Audit Committee.

The Committee discharges such duties and functions generally indicated in Section 177 of the Companies Act, 2013 and such other functions as may be specifically delegated to the Committee by the Board from time to time.

(vii)Nomination & Remuneration Committee

During the year under review Nomination & Remuneration Committee met two times on May 29, 2017 and March 10, 2018.

The composition of the Nomination & Remuneration Committee and details of meetings attended by the members are given below:

Name Category

No. of Meetings During the Year

Held

Attended

Shri Girishbhai Shah Independent Director

1

1

Dr. Ramanbhai Patel Independent Director

2

2

Smt. Rekhaben Shah Independent Director

2

2

* Shri Girishbhai Shah, Independent Director ceased to be a Director due to his death on 22.10.2017.

(viii) Stakeholders Grievance Committee

Stakeholders' Grievance Committee met 4 (Four) times on May 29, 2017, August 19, 2017, November 13, 2017 and February 12, 2018. The intervening gap between two meetings did not exceed four months.

The composition of the Stakeholders' Grievance Committee and details of meetings attended by members are given below:

WIDTH="11%" VALIGN="TOP">

2

Name Category

No. of Meetings During the Year

Held

Attended

Shri Girishbhai Shah* Independent Director

2

Dr. Ramanbhai Patel Independent Director

3

3

Shri Kaushikbhai Parikh Managing Director

3

3

* Shri Girishbhai Shah, Independent Director ceased to be a Director due to his death on 22.10.2017.

(ix) Statement on declaration given by independent director

All independent directors have given declarations that they meet the criteria of independence as laid down under section 149 (6) of the Companies Act, 2013 and the applicable regulations of SEBI

(Listing Obligations and Disclosures) Regulations 2015.

7. Business Risk management

Pursuant to section 134 (3) (n) of the Companies Act, 2013 the company has carried out an exercise to identify elements of risk factors and has not identified any element of risk which may threaten the existence of the company.

8. Internal Control System

The Company has laid down Internal Financial Control Policy under Section 134 (5) (e) of the Companies Act, 2013 which helps in ensuring the orderly and efficient conduct of its business, including adherence to Company's policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records and timely preparation of reliable financial information.

The Company has an Internal Control System, commensurate with the size, scale and complexity of its operations. The scope and authority of the Internal Audit function is defined in the Internal Audit Manual. To maintain its objectivity and independence, the Internal Audit Function reports to the Chairman of the Audit Committee of the Board and to the Chairman & Managing Director.

The Internal Audit Department monitors and evaluates the efficancy and adequacy of internal control system in the Company, its compliance with operating systems, accounting procedures and policies at all locations of the Company. Based on the report of Internal Audit Function, process owners undertake corrective action in their respective areas and thereby strengthen the controls. Significant Audit Observations and Recommendations along with corrective actions thereon are presented to the Audit Committee of the Board.

9. Vigil Mechanism/whistle Blower policy

The Company has a vigil mechanism named Fraud and Risk Management Policy to deal with instance of fraud and mismanagement, if any.

In staying true to our values of Strength, Performance and Passion and in line with our vision of being one of the most respected companies in India, the Company is committed to the high standards of Corporate Governance and stakeholder responsibility.

10. Director and Key Managerial Personnel

(i) Cessation

Shri Girishbhai Girdharlal Shah ceased to be a Director of the Company due to his sad demise on October 22, 2017. The Board placed on record its appreciation for the valuable services rendered by Shri Girishbhai Girdharlal Shah.

(ii) Retirement by rotation

Shri Manharbhai Dayaljibhai Patel retires by rotation and, being eligible, offers himself for reappointment. The Directors recommend Shri Manharbhai Dayaljibhai Patel for re-appointment.

(iii) Appointment of Independent Director

Independent Directors were appointed as per the requirements of section 149 of the Companies Act, 2013. Details of appointment of Independent Directors are as follows:

Name of Directors Date of Appointment

Term

1 Dr. Ramanbhai Patel 25th September, 2014

5 Years

2 Mrs. Rekhaben Shah 29th September, 2015

5 Years

(iv) Evolution of Board Performance

Pursuant to the provisions of the Companies Act, 2013 and applicable regulations of SEBI (Listing Obligations and Disclosures) Regulations 2015, the Board has carried out an evaluation of its own performance, the directors individually as well as the evaluation of the working of its Audit, Nomination & Remuneration Committees.

(v) Remuneration Policy

a. Remuneration to Non-Executive Directors

At present the Company does not have the policy of payment of remuneration to Non Executive directors except by way of sitting fees for attending the meeting of the Board or a committee thereof.

b. Remuneration to Executive Directors

The Company has credible and transparent policy in determining and accounting for the remuneration of Executive Directors. Their remuneration is governed by external competitive environment; track record, potential, individual performance and performance of the Company as well as Industrial Standards. The remuneration determined for the Executive Directors is subject to the approval of Remuneration Committee of the Board of Directors.

11. Director responsibility Statement

In terms of Section 134(5) of the Companies Act, 2013, the Directors would like to state that:

I. In the preparation of the annual accounts, the applicable accounting standards have been followed.

II. The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that were 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 or loss of the Company for the year under review.

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 have 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.

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.

12. Public Deposit

Your Company has not accepted any deposits within the meaning of Section 73 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014.

13. Related Party Transaction

All related party transactions that were entered into during the financial year were on arm's length basis and were in the ordinary course of the business. There are no materially significant related party transactions made by the company with Promoters, Key Managerial Personnel or other designated persons which may have potential conflict with interest of the company at large. Accordingly the disclosure of related party transaction as required under section 134 (3) (h) of the companies Act, 2013 in Form AOC-2 is not applicable.

14. Significant Material Orders Passed by the Regulators / Courts

There are no significant material orders passed by the Regulators/ Courts which would impact the going concern status of the Company and its future operations.

15. Subsidiary Company

The Company had 1 subsidiary at the beginning of the year. A statement containing brief financial details of the subsidiaries is included in the Annual Report.

As required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 into with the Stock Exchanges, a consolidated financial statement of the Company and its subsidiary is attached. The consolidated financial statements have been prepared in accordance with the relevant accounting standards as prescribed under Section 129 (3) of the Act. These financial statements disclose the assets, liabilities, income, expenses and other details of the Company and its subsidiary.

Pursuant to the provisions of Section 129, 134 and 136 of the Companies Act, 2013 read with rules framed thereunder and pursuant to Clause 33 (3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, your Company had prepared consolidated financial statements of the company and its subsidiaries and a separate statement containing the salient features of financial statement of subsidiaries, joint ventures and associates in Form AOC-1 forms part of the Annual Report.

16. Auditors

(i) Statutory Auditor

M/s. Kishor Sheth & Co., (Firm Registration No. 117526W), Chartered Accountants was appointed as Statutory Auditors of your Company at the Annual General Meeting held on 29th September, 2017 for a term of 5 (Five) consecutive years.

The Report given by the Auditors on the financial statements of the Company is part of the Annual Report.

The observations of the Auditors are duly explained in notes 27 the Annual Accounts.

(ii) Secretarial Auditor

Pursuant to provisions of section 204 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 the company has appointed Shri Ashwin Shah, a company Secretaries in Practice to undertake the Secretarial Audit of the Company. The Secretarial Audit Report is annexed herewith as "Annexure A".

17. Extract of Annual Return

The details forming part of the extract of the Annual Return in Form MGT-9 is annexed herewith as "Annexure B".

18. Prevention of Insider Trading

The Company has adopted a Code of Conduct for Prevention of Insider Trading with a view to regulate trading in securities by the Directors and designated employees of the Company. The Code requires pre-clearance for dealing in the Company's shares and prohibits the purchase or sale of Company shares by the Directors and the designated employees while in possession of unpublished price sensitive information in relation to the Company and during the period when the Trading Window is closed. The Board is responsible for implementation of the Code.

19. Prevention of Sexual Harassment at Workplace

As per the requirement of The Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013 and rules made thereunder, your Company has constituted Internal Complaints Committee (ICC) which is responsible for redressal of complaints related to sexual harassment.

During the year under review, there were no complaints pertaining to sexual harassment.

20. Energy Conservation, Technology Absorption, Foreign Exchange Earnings and Outgo

As required under section 134 (3) (m) of the Companies Act, 2013 and the rules made thereunder, the concerned particulars relating to Energy conservation and Technology Absorption are not applicable to the Company. Foreign Exchange Earning and outgo is given in "Annexure-C", which is attached here to and forms part of the Director's Report.

21. Corporate Governance & Management Discussion and Analysis Report

Corporate Governance as stipulated in regulation 15 of SEBI (Listing Obligations and Disclosures) Regulations is not mandatory, for time being, in respect of Companies having paid up equity share capital not exceeding is Rs. 10 Crore and net worth not exceeding Rs. 25 Crore as on 31.03.2018 In view this the Company is not required to give Corporate Governance Report. Management Discussion and Analysis Report form part of this report are enclosed as "Annexure-D" and forms part of the report.

22. Particulars of Employees

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 reports 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 business hours on working days of the Company up to the date of ensuing Annual General Meeting. If any member is interested in inspecting the same, such member may write to the Company Secretary in advance.

23. Acknowledgement

The directors extend their sincere thanks to the Bankers, Financial Institutions, Central Government and State Government Authorities and all associated with the company for the co-operation. The Directors also place on record the efforts made by the employees, workers and all other associated with the company for making their organization successful.

By Order of the Board of Directors

Kaushik Parikh Manharbhai Patel Managing Director Jt. Managing Director

Date: 13th August, 2018 Place: Vadodara

Registered Office

A 207, Oxford Avenue, Opp. C. U. Shah College, Ashram Road, Ahmedabad 380 014

Phone : (0265) 2351223, 2313690 Fax : (0265) 2313690 Email Id : Website : www.oceanagro.com CIN : L15174GJ1990PLC013922

kaushik_parikh@yahoo.com

   

Ocean Agro (India) Ltd Company Background

Kaushik B Parikh
Incorporation Year1990
Registered OfficeA 207 Oxford Avenue,Opp C U Shah College Ashram Rd
Ahmedabad,Gujarat-380014
Telephone0265-2351223/2313690,Managing Director
Fax0265-2313690
Company Secretary
AuditorKishor Sheth & Co
Face Value10
Market Lot1
ListingBSE,
RegistrarSharepro Services India Pvt Lt
Devnandan Mega Mall ,Office No 416-420 ,4th Floor Ashram Rd ,Ahmedabad-380006

Ocean Agro (India) Ltd Company Management

Director NameDirector DesignationYear
Kaushik B Parikh Managing Director 2017
Manhar D Patel Joint Managing Director 2017
Ramanbhai N Patel Director 2017
Rekhaben Shah Director 2017

Ocean Agro (India) Ltd Listing Information

Ocean Agro (India) Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Sales NA 00018.7123
Other Operating Income NA 0000.0746
Other Products MT 0000
Liquids MT 0000
Fertilizers-Fly Ash Base-ModifMT 0000
Bio Fertilizers MT 0000
Solid MT 0000
Bags-Valve Type MT 0000
Blow Moulding Items MT 0000
Injection Moulding Items MT 0000
Guessted Bags MT 0000
Valve Type Bags MT 0000
Irrigation System MT 0000
Trading Sales NA 0000

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