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Narmada Gelatines Ltd

BSE Code : 526739 | NSE Symbol : SHAWGELTIN | ISIN:INE869A01010| SECTOR : Chemicals |

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04-Jan-2002 09:57:46

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Key Stats

MARKET CAP (RS CR) 104.84
P/E 13.11
BOOK VALUE (RS) 226.7916587
DIV (%) 100
MARKET LOT 1
EPS (TTM) 13.22
PRICE/BOOK 0.764137451056969
DIV YIELD.(%) 5.77
FACE VALUE (RS) 10
DELIVERABLES (%)
4

News & Announcements

11-Nov-2021

Narmada Gelatines standalone net profit declines 20.13% in the September 2021 quarter

05-Nov-2021

Narmada Gelatines to announce Quarterly Result

23-Sep-2021

Narmada Gelatines Ltd - Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations 2015)

22-Sep-2021

Narmada Gelatines Ltd - Shareholder Meeting / Postal Ballot-Scrutinizers Report

05-Nov-2021

Narmada Gelatines to announce Quarterly Result

07-Aug-2021

Narmada Gelatines announces board meeting date

01-Jul-2021

Narmada Gelatines schedules AGM

30-Jun-2021

Board of Narmada Gelatines recommends Final Dividend

Corporate Actions

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

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

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Share Holding

Category No. of shares Percentage
Total Foreign 32388 0.54
Total Institutions 350 0.01
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 354570 5.86
Total Promoters 4537189 75.00
Total Public & others 1125090 18.60
Total 6049587 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Narmada Gelatines Ltd

Narmada Gelatines Ltd., formerly known as Shaw Wallace Gelatines was incorporated on 13 Jan.'61 as Leiner-Knit Gelatin Company. In 1978, the original promoters P Leiner & Sons fully divested in favour of Shah Wallace & Company and the name was changed to the Shaw Wallance Gelatines. The company manufactures gelatine, ossein, dicalcium phosphate and bone meal. Gelatine is basically a protein derivative of collagen, with a wide variety of end users. It is mostly used in the pharmaceutical, food and photographic industries. The company came out with an issue of PCDs in Dec.'94 to part-finance the expansion of existing capacity of production of gelatine from 1500 tpa to 2000 tpa. In 1994-95, the company made a breakthrough in exports of gelatine of pharmaceutical grade to developed countries, and edible grade to Japan and the Netherlands. Crushed bones of different sizes are washed, de-greased and processed for de-mineralisation. In de-mineralisation, the bones are treated with chilled dilute mineral acid in wooden vats to remove calcium phosphate from the bone pieces. This results in soft bones which are called ossein. After acid-free wash, this goes through alkaline treatment to remove unwanted proteins, fats and sugars, improving the purity of the collagen. The resultant product after refining is gelatine. Company consolidated its position in exporting pharmaceutical and edible grades of Gelatine to developed countries. Company has projected aprox. 134% Export, taking efforts to enter into the Japanese market to export of Ossein. Company has accredited with ISO-9002 Certificate by BVQI. The company is planning to improve the gelatine quality parameter in order to export more value product.

Narmada Gelatines Ltd Chairman Speech

Narmada Gelatines Ltd Company History

Narmada Gelatines Ltd., formerly known as Shaw Wallace Gelatines was incorporated on 13 Jan.'61 as Leiner-Knit Gelatin Company. In 1978, the original promoters P Leiner & Sons fully divested in favour of Shah Wallace & Company and the name was changed to the Shaw Wallance Gelatines. The company manufactures gelatine, ossein, dicalcium phosphate and bone meal. Gelatine is basically a protein derivative of collagen, with a wide variety of end users. It is mostly used in the pharmaceutical, food and photographic industries. The company came out with an issue of PCDs in Dec.'94 to part-finance the expansion of existing capacity of production of gelatine from 1500 tpa to 2000 tpa. In 1994-95, the company made a breakthrough in exports of gelatine of pharmaceutical grade to developed countries, and edible grade to Japan and the Netherlands. Crushed bones of different sizes are washed, de-greased and processed for de-mineralisation. In de-mineralisation, the bones are treated with chilled dilute mineral acid in wooden vats to remove calcium phosphate from the bone pieces. This results in soft bones which are called ossein. After acid-free wash, this goes through alkaline treatment to remove unwanted proteins, fats and sugars, improving the purity of the collagen. The resultant product after refining is gelatine. Company consolidated its position in exporting pharmaceutical and edible grades of Gelatine to developed countries. Company has projected aprox. 134% Export, taking efforts to enter into the Japanese market to export of Ossein. Company has accredited with ISO-9002 Certificate by BVQI. The company is planning to improve the gelatine quality parameter in order to export more value product.

Narmada Gelatines Ltd Directors Reports

To the Members,

The Board of Directors are pleased to present the 60th Annual Report of your company Narmada Gelatines Limited (the Company) along with the audited financial statements for the financial year ended 31st March, 2021.

Financial Highlights (Rs. Lacs)
2020-21 2019-20
Revenue from Operations 13,485.39 13,425.00
Other Income 550.70 555.83
Total Income 14,036.09 13,980.83
Total expenses 12,895.59 12,196.96
Profit before tax 1,140.50 1,783.87
Tax Expense 294.72 495.86
Profit after taxation 845.78 1,288.01
Other Comprehensive Income: Re-measurements of net defined benefit plans (1.09) 2.84
Net Profit for the year 844.69 1290.85

Operating Performance

During the year under review, your company recorded a turnover of Rs. 134.85 crores as compared to Rs. 134.25 crores in the previous year and Profit after tax at Rs.8.45 crores as compared to Rs. 12.88 crores in 2019-20. Consequently, Earnings per share got reduced to Rs. 13.98 as compared to Rs.21.29 in 2019-20.

Impact at Covid-19 on the performance

Due to the global outbreak of COVID-19 pandemic, and following the nation-wide lockdown by the Government of India the raw material supply, road transport and supply chain services were affected, which had an impact on the operations of the Company. The Company has gradually resumed its operations since then, in compliance with the guidelines issued by respective authorities. The Company has considered the possible effects that may impact the carrying amounts of investments, inventories, trade receivables, advances etc. In making the assumptions and estimates in relation to the recoverable amounts, the Company has, interalia, considered subsequent events, internal and external information, and evaluated economic conditions prevailing as at the date of approval of these financial results. The Company expects no significant impairment to the carrying amounts of these assets other than those accounted for. The Company will continue to closely monitor any changes to the future economic conditions and assess its impact, on the operations. Post lockdown, the Company has taken reasonable steps to normalise the operations and efficiencies. However, during the year the Company remains partially affected mainly on account of shortage and quality of major raw material.

Global economic growth is expected to touch 5.5% in 2021 and 4.2% in 2022. This is 0.3 percentage points higher than the forecast made in October 2020.

India's GDP for the year 2020-21 is estimated to contract by 7.7% as per the Economic survey, owing to the adverse effect of Covid on the economy. Manufacturing and services segments are likely to decline by 9.6% and 8.8%, respectively. On the other hand, agriculture segment is likely to grow by 3.4%, providing some support to the economy. However, in the second half of the year signs of up swings were visible due to growth in consumption.

Dividends

Your company is maintaining the dividend payment history and considering the company's financial performance for the 2020- 21,the Directors are pleased to recommend a dividend off 10.00 per Equity Share (previous year Rs. 10.00 per Equity Share) for the financial year ended 31st March, 2021. The total outflow on account of the proposed dividend will be Rs.604.96 lacs (previous year Rs.604.96 lacs). The dividend on equity shares, if approved at the ensuing Annual General Meeting, will be paid to Members whose names appear in the Register of Members as on 14th September, 2021 and to Members whose names appear on that date as Beneficial Owners as furnished by National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).

Share Capital

The Paid-up Equity Share Capital of the Company as on 31st March 2021 was Rs.604.96 lacs comprising 60,49,587 equity shares of flO/- each. The Company has not issued shares with differential voting rights, employee stock options and sweat equity shares. The Company has paid listing fees for the financial year 2021-22 to the Bombay Stock Exchange Ltd., where its equity sharesare listed.

Transfer to Reserves

Your Directors do not propose to transfer any amountto General Reserves for the year under review.

Quality initiatives

The Company is committed to the highest levels of quality for its products and customer services. During the financial year 202021, the Company retained its ISO certification for Quality Management (ISO 9001:2015), EDQM Certification from European Directorate for the Quality of Medicines and Healthcare, DNV Management System Certification for Food Safety Management System Standard (ISO 22000:2005), KOSHER Certification and Halal Assurance System Certification.

Deposits from public

During the year under review, the Company has not accepted any deposits from public as defined under Chapter V of the Companies Act, 2013. No amount on account of principal or interest on deposits from public was outstanding as on the date of the balance sheet.

Particulars of Loans, Guarantees and Investments

Details of Loans, Guarantees and Investments covered underthe provisions of Section 186 of the Companies Act, 2013 are given in the notes to the Financial Statements.

Corporate Social Responsibility (CSR)

A brief outline of the Corporate Social Responsibility (CSR) policy of the Company and the initiatives undertaken on CSR activities during the year are set out in Annexure-I of this report in the format as prescribed in the Companies (Corporate Social Responsibility Policy) Rules, 2014. Details regarding the CSR Committee are covered in Corporate Governance Report, which forms part of this report. The CSR policy is available on the website of the company www.narmadagelatines. com.

Risk Management

The Risk Management Committee has been entrusted with the responsibility to assist the Board in (a) approving the Company's Risk Management Framework and (b) overseeing strategic, operational, financial, liquidity, security, regulatory, legal, environmental, human recourse, and other risks that have been identified and assessed to ensure that there is a sound Risk Management Policy in place to address such concerns/risks.

The Audit Committee has exercised additional oversight in the area of financial risks and controls. Major risks identified by the business and functions are systematically addressed through mitigating actions. The details of the Risk Management Committee, its terms of reference, key business risks identified and mitigation plans are set out in the Corporate Governance Report.

Vigil Mechanism/Whistle Blower Policy

The Company has a Vigil mechanism/Whistle-blower Policy in place to encourage and facilitate employees to report concerns about unethical behavior, actual/ suspected frauds and violation of Company's Code of Conduct or Ethics. The policy provides for adequate safeguards against victimisation of persons who avail the same and provides for direct access to the chairperson of the Audit Committee. The Audit Committee of the Company oversees the implementation of the WhistleBlower Policy. The Committee affirms that no complaint has been received under the Whistle-Blower Policy/Vigil Mechanism and no personnel had been denied access to the Audit Committee.

Information on Whistle-Blower Policy is available on the Company's website www.narmadagelatines.com and in the Corporate Governance Report.

Reporting of Frauds

There were no instances of fraud or suspected frauds reported during the year under review, which required the Statutory Auditors to report to the Audit Committee and/or Board under Section 143(12) of the Act and the rules made thereunder.

Subsidiaries, Joint Ventures and Associate Companies

The Company does not have any subsidiary, joint ventures or associate companies.

Directors' Appointment and Remuneration

The policy of the Company is to have an appropriate number of executive and independent directors on the board. The policy of the Company on directors' appointment and remuneration, etc. as required under Section 178 of the Companies Act, 2013, is available on the website (www. narmadagelatines.com) and in the Corporate Governance Report. The remuneration paid to the directors is as per the terms laid down in the Nomination & Remuneration Policy of the Company.

The Company has a Nomination and Remuneration Committee which makes recommendation to the Board with regard to the appointment of new Directors and Key Managerial Personnel. This policy on nomination and remuneration of Directors, Key Managerial Personnel and Senior Management has been formulated in terms of the provisions of the Companies Act, 2013 and the Listing Regulations as amended from time to time.

The main objectives of the policy are:

• To lay down criteria and terms and conditions with regard to identifying persons who are qualified to become Directors (Executive and Non-Executive) and persons who may be appointed in senior management and key managerial positions.

• To determine remuneration based on the Company's size and financial position and trends and practices on remuneration prevailing in peer companies and in the industry.

• To carry out evaluation of the performance of Directors, as well as key managerial and senior management personnel.

• To provide them rewards linked directly to their effort, performance, dedication and achievement relating to the Company's operations.

• To retain, motivate and promote talent and to ensure long term sustainability of talented managerial persons and to create competitive advantage.

Board of directors

Retirement of independent directors

Justice Gulab Gupta, erstwhile non-executive independent director of the Company, left for heavenly abode suddenly on 7th April, 2021. Late Justice Gupta was associated with the Company for more than a decade and the Company immensely benefitted from his vision and leadership. The Board of Directors of the Company express their deep condolences and pay tribute to late Justice Gulab Gupta.

Mr. Mohan C. Pant and Mr. Deepak Chaudhari independent directors, on completion of their tenure, shall retire as members of the board with effect from 21st September, 2021. The Board places on record its appreciation for their invaluable contribution and guidance.

Appointment of Independent directors

As per Section 149 of the Act, the Board of Directors in its meeting held on 26th May, 2021 on the recommendation of Nomination and Remuneration Committee recommended to the members for the appointment of Mr. Prakash M. Nene (DIN 00164133) and Mr. K. Krishnamoorthy (DIN 02797916) as Non-Executive Independent Directors of the Company w.e.f. 21st September, 2021 for a term of 5 (five) consecutive years. The Company has received a notice from a Member under Section 160 of the Companies Act, 2013, signifying their intention to propose the candidature of Mr. Prakash M. Nene (DIN 00164133) and Mr. K. Krishnamoorthy (DIN 02797916) for the office of Independent Directors of the Company.

A resolution seeking shareholders' approval for their appointment forms a part of the notice convening the annual general meeting to be held on 21st September, 2021.

Reappointment of Directors

In accordance with the provisions of Section 152 of the Companies Act, 2013, and Article 115 of the Articles of Association of the Company, Mr. Ravindra KRaje (DIN 00112003) retires by rotation at the ensuing Annual General Meeting of the Company and being eligible, has offered himself for reappointment. In the opinion of the Board of Directors Mr. Raje possesses requisite qualifications and experience and therefore, your Directors recommend that the proposed resolution relating to the re-appointment of Mr. Ravindra K. Raje be passed with requisite majority.

The Board of Directors at its meeting held on 26th May, 2021, subject to approval of the shareholders in the general meeting, re-appointed Mr. Ashok K. Kapur, as the Whole-time Director of the Company for a period of 2 (two) years with effect from 1st June, 2021, on terms of remuneration as recommended by the Nomination & Remuneration Committee. A resolution in this regard is set out at Item No. 4 of the Notice of Annual General Meeting,for Members' approval.

In terms of requirement of Listing Regulations, the Board has identified core skills, expertise and competencies of the Directors in the context of the Company's businesses for effective functioning, which are detailed in the Corporate Governance Report.

Attention of Shareholders is invited to the relevant items of the Notice of the Annual General Meeting and the Notes thereto. Brief resume of the Directors proposed to be appointed/ reappointed, nature of their expertise in specific functional areas and names of companies in which they hold directorship and membership/ chairmanship of committees of the Board, as stipulated under Regulation 36 of the Listing Regulations are given in the section on Corporate Governance in this Annual Report.

Key Managerial Personnel

Pursuant to the provisions of Section 203 of the Act, Mr. Ashok K Kapur, Whole-time Director, Mr. Mahesh Verma (Company Secretary) - Head Finance & Secretarial and Ms. Garvita Asati, Chief Financial Officer are the Key Managerial Personnel of the Company as on 31st March, 2021.

During the year under review, the non-executive directors of the Company had no pecuniary relationship or transactions with the Company, other than sitting fees and reimbursement of expenses incurred by them for the purpose of attending meetings of the Board/Committee of the Company.

Declaration by independent directors

The Company has received necessary declarations under Section 149(7) of the Companies Act, 2013 and Regulation 25(8) of the SEBI Listing Regulations, from the Independent Directors stating that they meetthe prescribed criteria for independence. All Independent Directors have affirmed compliance to the code of conduct for Independent Directors as prescribed in Schedule IV to the Companies Act, 2013.

The Company has also received from them declaration to compliance of Rule 6(1) & (2) of the Companies (Appointment and Qualifications of Directors) Rules, 2014, regarding online registration with the 'Indian Institute of Corporate Affairs', for inclusion/ renewal of their names in the data bank of Independent Directors.

With regard to integrity, expertise and experience (including the proficiency) of the Independent Directors appointed/re- appointed during the Financial year 2020-21, the Board of Directors have taken on record the declarations and confirmations submitted by the independent directors and is of the opinion that all the Independent Directors are persons of integrity and possess relevant expertise and experience and their association as Directors will be of immense benefit to the Company.

With regard to proficiency of the Independent Directors, ascertained from the online proficiency self-assessment test conducted by the institute, as notified under Sub-Section (1) of Section 150 of the Act, the Board of Directors has taken on record the declarations submitted by Independent Directors that they are exempt from appearing in the test.

None of the Directors of the Company are related inter-se, in terms of Section 2(77) of the Act including Rules there under.

Board Evaluation

The Nomination & Remuneration Committee and the Board have laid down the manner in which a formal annual evaluation of the performance of the Board, Committees, Chairman and individual directors has to be made. The Board of Directors has carried out an annual evaluation of its own performance, Board committees, and individual directors pursuant to the provisions of the Act, SEBI Listing Regulations and the Guidance Note on Board Evaluation issued by the Securities and Exchange Board of India.

The Board evaluated its own performance as well as the committees performance after seeking inputs from all the directors/members and also on the basis of criteria such as the Board composition and structure, effectiveness of board processes, information and functioning, etc.

In a separate meeting of independent directors, the performance of non-independent directors and the Board as a whole was evaluated, taking into account the views of executive directors and non-executive directors.

The Board and the Nomination and Remuneration Committee reviewed the performance of individual directors on the basis of criteria such as the contribution of the individual director to the Board and Committee meetings like preparedness on the issues to be discussed, meaningful and constructive contribution and inputs in meetings, etc.

Performance evaluation of independent directors was done by the entire Board, excluding the independent director being evaluated. The manner in which the evaluation was carried out is covered in the Corporate Governance Report.

Board Meetings

The Board meets at regular intervals to discuss and decide on company's business policies and strategies. In case of special and urgent business, the Board/Committee's approval is taken by passing resolutions through circulation, or by calling Board/Committee meetings at a shorter notice, as permitted by law.

The Company has complied with Secretarial Standards issued by the Institute of Company Secretaries of India on Board meetings and Annual General Meetings. The agenda for the Board and Committee meetings includes detailed notes on the items to be discussed to enable the Directors to take an informed decision.

During the financial year under review, four Board Meetings and four Audit Committee Meetings were convened and held, the details of which are given in the Corporate Governance Report. The intervening gap between two Meetings was within the period prescribed underthe CompaniesAct,2013.

For details of meetings of the Board, please refer to the Corporate Governance Report, which is a part of this report.

Meeting of Independent Directors

As per provisions of Schedule IV to the Companies Act, 2013, the Independent Directors are required to hold at least one meeting in a financial year, without the attendance of Non-independent Directors and members of management. During the financial year 2020-21, the Independent Directors have held one separate meeting on February 11, 2021.

Directors' Responsibility Statement

Pursuant to the requirement of Section 134(5) of the Act, the Board of Directors, to the best of its knowledge and ability, confirm that:

a. in the preparation of the annual financial statements for the year ended March 31, 2021, the applicable accounting standards have been followed along with proper explanation relating to material departures, if any;

b. appropriate accounting policies have been selected and applied consistently and judgements and estimates made are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2021 and of the profit of the Company for the year ended on that date;

c. proper and sufficient care has been taken 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;

d. the annual financial statements have been prepared on a going concern basis;

e. proper internal financial controls have been followed and that such financial controls are adequate and are operating effectively; and

f. proper systems to ensure compliance with the provisions of all applicable laws are in place and were adequate and operating effectively.

Related Party Transactions

All related part/ transactions that were entered into during the financial year were on arm's length basis and were in the ordinary course of business. There are no materially significant related party transactions made by the Company with Promoters, Directors, Key Managerial Personnel or other designated persons which may have a potential conflict with the interest ofthe Company at large.

Particulars of contracts or arrangements with related parties referred to in Section 188(1) ofthe Companies Act, 2013 in Form AOC-2 are set out in the Note 36 of Notes to Financial Statements forming part of the Annual Report. None ofthe Directors has any pecuniary relationships or transactions with the Company or vice versa.

Statutory Auditors

Pursuant to the provisions of Section 139 of the Act read with Companies (Audit and Auditors) Rules, 2014, as amended from time to time, M/s Lodha and Company, Mumbai, Chartered Accountants (Firm Registration No.301051E), were appointed as statutory auditors ofthe Company to hold office for a term of five years i.e. from the conclusion of 56th Annual General Meeting of the Company, till the conclusion of 61st Annual General Meeting to be held in 2022. The Ministry of Corporate Affairs vide its Notification dated 7th May 2018, has dispensed with the requirement of ratification of Auditor's appointment by the shareholders, every year. Hence, the resolution relating to ratification of Auditor's appointment is not included in the Notice ofthe ensuing Annual General Meeting.

Report of Statutory Auditors

The Statutory Auditors, M/s Lodha and Company, Mumbai, Chartered Accountants, have submitted their Report on the Financial Statements ofthe Company for the financial year 202021, which forms part of this Annual Report. The Notes on Financial Statements referred to in the Auditors' Report for the year 2020-21 are self-explanatory. There are no observations, qualifications, reservations or adverse remarks in the Auditor's Report that call for any explanation.

Secretarial Auditor and their report

Dr. Asim Kumar Chattopadhyay, Company Secretary, was appointed as Secretarial Auditor of the Company for the financial year 2020-21 pursuant to Section 204 ofthe Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

The Secretarial Audit Report is annexed to this Report as Annexure- II. There are no qualifications, observations or adverse remarks of the Secretarial Auditors in the Report issued by them for the financial year 2020-21 which call for any explanation from the Board of Directors.

Transfer of Unpaid and Unclaimed amounts to IEPF

Pursuant to the applicable provisions of the Act, read with the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 ('the Rules') as amended, all unpaid or unclaimed dividends which were required to be transferred by the Company to the IEPF were transferred to IEPF Authority.

The Company has also transferred shares in respect of which dividend amount remained unpaid/ unclaimed for a consecutive period of seven years or more to IEPF Authority within stipulated time.

Pursuant to the provisions of Section 124 ofthe Companies Act, 2013, during the financial year, the declared dividends which remained unpaid or unclaimed for a period of 7 years have been transferred by the Company to the Investor Education and Protection Fund (IEPF) established by the Central Government, as detailed in the Corporate Governance Report.

The details of unpaid/unclaimed dividend and the shares transferred to IEPF Authority are available on the company's website www.narmadagelatines.com.

Significant and Material Order passed by the Regulators

There are no significant and material orders passed by the Regulators or Courts or Tribunals impacting the going concern status and the Company's operations in future.

Corporate Governance Report

The Report on Corporate Governance as stipulated under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 forms part of the Annual Report. The Wholetime Director's declaration regarding compliance with the Company's Code of Business Conduct and Ethics for Directors and Management Personnel forms part of the Corporate Governance Report. As required by the Listing Regulations the certificate on Corporate Governance for the year ended 31st March, 2021 issued by Dr. Asim Kumar Chattopadhyay, Company Secretary in Practice, is annexed to this Report.

Management Discussion and Analysis

Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, detailed review of operation, performance and future outlook of the Company is presented under Management Discussion and Analysis Report in a separate section and forms part ofthe Annual Report.

Eneigy Conservation, Technology Absorption and Foreign Exchange Earnings and Outgo

The particulars relating to energy conservation, technology absorption, foreign exchange earnings and outgo, as required to be disclosed under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of The Companies (Accounts) Rules, 2014 is annexed to this Report as Annexure -III.

Annual Return and Extract of Annual Return

As per provisions of Section 92(3) ofthe Companies Act, 2013 and rules made thereunder, an Extract of Annual Return in the form MGT-9 for the financial year 2020-21 has been annexed to this report (Annexure-IV). A copy of Annual Return ofthe Company for the financial year 2019-20 in the form MGT-7 has also been placed on the website of the Company at https://www.narmadagelatines.com.

Particulars of Employees

None of the employees of the Company is in receipt of remuneration exceeding the limits prescribed under Section 197(12) ofthe Companies Act, 2013 read with Rules 5(2) and 5(3) of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

Disclosures pertaining to remuneration and other details in respect of directors and employees of the Company as required under Section 197(12) of the Companies Act, 2013 read with Rule 5(1) of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is annexed to this Report as Annexure-V.

Disclosure under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013

All the employees in the Company are considered equal. There is no discrimination between individuals atany point on the basis of race, colour, gender, religion, origin, sexual orientation or age. Every individual is expected to treat his/her colleagues with respectand dignity.

The Company has in place a policy for prevention of sexual harassment at workplace. This policy of the Company is in line with the requirements of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. All employees (permanent, contractual, temporary and trainees) are covered under this policy. An Internal Complaints Committee is in place to redress complaints received regarding sexual harassment. No complaint was received by the Company during the financial year ended 31st March, 2021.

Material changes and commitments affecting the financial position of the Company

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 this report.

Appreciation

The Directors wish to convey their deep appreciation to all the employees, customers, vendors, investors, and consultants/ advisors of the Company for their sincere and dedicated services as well as their collective contribution to the Company's performance.

The Directors also thankthe Central and the State Governments, statutory authorities, bankers, and business associates and all the stakeholders for their continued interest and valued support.

For and on behalf of the Board
Deepak Chaudhari Ashok K. Kapur
Chairman Whole-time Director
Place: Jabalpur
Date: 29th June, 2021

   

Narmada Gelatines Ltd Company Background

Prakash M Nene
Incorporation Year1961
Registered OfficeCARAVS Room No.28,15 Civil Lines
Jabalpur,Madhya Pradesh-482001
Telephone91-0761-2678627,Managing Director
Fax91-0761-2678864
Company SecretaryMahesh Verma
AuditorLodha & Co
Face Value10
Market Lot1
ListingBSE,
RegistrarCB Management Services Ltd
P-22,Bondel Road, ,Kolkata-700019

Narmada Gelatines Ltd Company Management

Director NameDirector DesignationYear
Sanjeev Jain Director 2017
Ravindra K Raje Director 2017
Ashok K Kapur Whole-time Director 2017
Mahesh Verma Company Secretary 2017
Drushti R Desai Director 2017
KAILASAM KRISHNAMOORTHY Independent Director 2017
Prakash M Nene Chairman 2017
GAURANG ARUNKUMAR SHAH Additional Director 2017

Narmada Gelatines Ltd Listing Information

Narmada Gelatines Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Gelatin MT 00091.7532
Dicalcium Phosphate MT 00029.7713
Ossein MT 0003.7296
Bone Product-Others MT 0000.4935
Bone Meal MT 0000
Excise Duty NA 0000
Others NA 0000
Trade Discount NA 0000

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