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

NSE BSE
 

Volume 280564

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Key Stats

MARKET CAP (RS CR) 52.88
P/E 33.57
BOOK VALUE (RS) 21.4577778
DIV (%) 0
MARKET LOT 1
EPS (TTM) 1.4
PRICE/BOOK 2.19034796790561
DIV YIELD.(%) 0
FACE VALUE (RS) 10
DELIVERABLES (%)
4

News & Announcements

05-Feb-2021

Oceanic Foods standalone net profit declines 34.78% in the December 2020 quarter

28-Jan-2021

Oceanic Foods to table results

09-Dec-2020

Oceanic Foods Ltd - Disclosure Of Related Party Transactions Under Reg 23(9) Of The SEBI LODR Regulations 2015

08-Dec-2020

Oceanic Foods Ltd - Shareholder Meeting / Postal Ballot-Scrutinizers Report

28-Jan-2021

Oceanic Foods to table results

06-Nov-2020

Oceanic Foods schedules board meeting

09-Sep-2020

Oceanic Foods to announce Quarterly Result

23-Jul-2020

Oceanic Foods to discuss results

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
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Ampro Products Ltd 519345
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Amrut Industries Ltd (Wound-up) 500011 AMRUTIND
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Anmol Dairy Ltd (Merged) 519510
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Apis India Ltd 506166
Aravali Industries Ltd 521339 ARAVALIIND
Asian Lakto Industries Ltd 531285
Asian Vegpro Industries Ltd 530413
Asiatic Food (Exports) Ltd 531133
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AVI Export (India) Ltd (Wound-up) 531379
Baba Agro Food Ltd 535007 BABAFOOD
Bagrrys India Ltd 40328
Balaji Foods & Feeds Ltd (Merged) 519291 BALAJIFOOD
Bambino Agro Industries Ltd 519295
Bambino Food Industries Ltd (Merged) 530137
Bharatpur Nutritional Products Ltd 519393
Bilati (Orissa) Ltd 531906
Blue Heavens Agro Industries Ltd 40427
Cepham Milk Specialities Ltd 524810 CEPHAMILK
Chamanlal Setia Exports Ltd 530307
Chordia Food Products Ltd 519475
Chothani Foods Ltd 540681
Classic Mushrooms Ltd 532136
Coduras Exports Ltd (Wound-up) 530849
Concert Spices & Exports Ltd 523568
Confro Agros Ltd 519554
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Cryptogen Agro Industries Ltd 531656
Dangee Dums Ltd 535104 DANGEE
Deccan Health Care Ltd 542248
DFM Foods Ltd 519588 DFMFOODS
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Doon Valley Rice Ltd 531226 DOONVALLEY
Eastern Overseas Ltd 519391 EASTOVERSE
Eco Friendly Food Processing Park Ltd 534839
Energy Products (I) Ltd 531620
Esteem Bio Organic Food Processing Ltd 534927
Estel Agrotech Ltd 532087
Euro India Fresh Foods Ltd 538412 EIFFL
Farmax India Ltd 590094 FARMAXIND
Fine Agromation Ltd 40317
Flex Foods Ltd 523672
Florence Agro Developers Ltd 40426
Foods & Inns Ltd 507552
Fortune Foods Ltd 519187
Freshtrop Fruits Ltd 530077
Genomics Biotech Ltd 524011
Global Foods Ltd 519498
Goa Fruit Specialities Ltd 531477
Godrej Agrovet Ltd 540743 GODREJAGRO
Goga Foods Ltd 40481
Goldcoin Health Foods Ltd 538542
Golden Proteins Ltd 519025
Great Western Industrial Ltd 531504
GRM Overseas Ltd 531449
Gujarat Aqua Industries Ltd 519347
Gujarat Dehyd Foods Ltd 526135
Has Lifestyle Ltd 780014
Hatsun Agro Product Ltd 531531 HATSUN
Heritage Foods Ltd 519552 HERITGFOOD
Herman Milkfoods Ltd 519428
Himalaya Food International Ltd 526899
Himalayan Vegefruit Ltd 40263
Himgiri Foods Ltd 519244
Hind Industries Ltd 526307 HINDIND
Hindustan Foods Ltd 519126 HNDFDS
IB Infotech Enterprises Ltd 519463
Inceptum Enterprises Ltd 538541
Indage Restaurants & Leisure Ltd 532264
Indian Food Fermentations Ltd 519365
Indiana Dairy Specialities Ltd (Wound-up) 519329 INDAIRYSPE
Indo Biotech Foods Ltd 519222 INDBIOFOOD
Indo Britain Agro Farms Ltd 530911
Indo Dutch Protiens Ltd 519576
Indo French Biotech Enterprises Ltd 519538 INDOFREBIO
Indusmin Foods Ltd 531128
Industrial Progressive (India) Ltd 526021
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Jhandewalas Foods Ltd 540850
K J International Ltd 519548 KJINTL
Kanaiya Foods(I) Ltd 519540
Kartikeya Agro Products Ltd 519435
Kesar Greenfield International Ltd 531967
KMG Milk Food Ltd 519415
Kohinoor Foods Ltd 512559 KOHINOOR
Kore Foods Ltd 500458 PHILCORP
Kothari Fermentation & Biochem Ltd 507474
Kovilpatti Lakshmi Roller Flour Mills Ltd 507598 KLRF
KRBL Ltd 530813 KRBL
KSE Ltd 519421 KSE
Kutch Salt & Allied Industries Ltd 506540
Kwality Ltd 531882 KWALITY
L T Foods Ltd 532783 DAAWAT
Lakshmi Energy & Foods Ltd 519570 LAKSHMIEFL
Lilac Exports Ltd 519608
Lotte India Corporation Ltd 590004 LOTTEINDIA
Lotus Chocolate Company Ltd 523475
Madhur Industries Ltd 519279 MADHURFOOD
Mahaan Foods Ltd 519612
Mahavira Foods Ltd 519433
Manpasand Beverages Ltd 539207 MANPASAND
Mansarovar Bottling Company Ltd (Merged) 519094
Maxworth Orchards (India) Ltd 500272 MARUTIORGN
Maxworth Orchards International Ltd (Wound-up) 531296
Megastar Foods Ltd 541352
Mehar Dairy Industries Ltd 519379 THAPARMILK
Milk Partners India Ltd 519335
Milk Specialities Ltd 519403
Milkfood Ltd 507621
Mishtann Foods Ltd 539594
Modern Dairies Ltd 519287
Mount Everest Mineral Water Ltd 531096
Mrs Bectors Food Specialities Ltd 543253 BECTORFOOD
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Narmada Agrobase Ltd 535072 NARMADA
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Naturite Agro Products Ltd 538926
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Nikumbh Dairy Products Ltd 519264
Nimbus Foods Industries Ltd 531598
Orient Vegetexpo Ltd 519564
Oswal Agro Furane Ltd 500316 OSWALAGFUR
Ovobel Foods Ltd 530741
Parag Milk Foods Ltd 539889 PARAGMILK
Pioneer Cashew Industries Ltd 531264
Prabhat Dairy Ltd 539351 PRABHAT
Prataap Snacks Ltd 540724 DIAMONDYD
R T Exports Ltd 512565
Raghuvansh Agrofarms Ltd 538921
Rajhans Foods Ltd 531193
Ravalgaon Sugar Farm Ltd 507300 RAVALSUGAR
RCL Foods Ltd 530923
RCL Retail Ltd 534708
Ready Foods Ltd 519250 READYFOOD
Regent Agro Products Ltd 531848
REI Agro Ltd 532106 REIAGROLTD
Reil Products Ltd (Liquidated) 519524 REILPROD
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Rishabh Food Products Ltd 519179
Riverdale Foods Ltd 530157
RMI Foods Ltd 519375
Saboo Sodium Chloro Ltd 530461
Sahas Agro Ltd 519526
Salstar Foods & Beverages Ltd 519075
Sampre Nutritions Ltd 530617
Sanwaria Consumer Ltd 519260 SANWARIA
Saptarishi Agro Industries Ltd 519238
Sarveshwar Foods Ltd 535054 SARVESHWAR
Sathe Biscuit & Chocolate Co Ltd 507650
Shah Foods Ltd 519031
Shanti Overseas (India) Ltd 538443 SHANTI
Sheetal Cool Products Ltd 540757
Shiva Egg Products Ltd (Wound-up) 530995
Shri Vardhman Overseas Ltd 512610
Siddhivinayak Dairy & Food Products Ltd 531231
Sita Shree Food Products Ltd 532961 SITASHREE
SKM Egg Products Export (India) Ltd 532143 SKMEGGPROD
Soni Soya Products Ltd 535069 SONISOYA
South Asian Mushroom Ltd 531948
Sparkle Foods Ltd 531313
Spectrum Foods Ltd 531982
Sri Skandan Industries Ltd 531604
Sugam Agro-Tech Ltd 531405
Sunil Agro Foods Ltd 530953
Super Bakers (India) Ltd 530735
Supplementary Foods (India) Ltd 519236
SYP Agro Foods Ltd 519313
Tanvi Foods (India) Ltd 540332
Tarai Foods Ltd 519285
Tasty Bite Eatables Ltd 519091 TASTYBITE
Tasty Dairy Specialities Ltd 540955
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Thapar Foods Ltd 519162
Trans Agro Tech Ltd 530527
Trans Techno Foods Ltd 519496
Transglobe Foods Ltd 519367
Tricom Fruit Products Ltd 531716
Tropical Orchards & Aqua Products Ltd 40250
UFM Industries Ltd 531610
Umang Dairies Ltd 500231 UMANGDAIRY
Unified Agro Industries Ltd 519582
Unique Organics Ltd 530997
Universal Vita Alimentare Ltd 519204
Usher Agro Ltd 532765 USHERAGRO
Vadilal Dairy International Ltd 519451
Vadilal Industries Ltd 519156 VADILALIND
Varun Beverages Ltd 540180 VBL
Vidiani Agrotech Industries Ltd 526453 VIDANIAGRO
Vinsari Fruitech Ltd 532020
Vintage Foods & Industries Ltd 531940
Virat Crane Industries Ltd 519457
Vishal Agritech India Ltd 531596
Vishal Lakto (India) Ltd 519252
Vishnupriya Agro Industries Ltd 512002
Vital Foods Ltd 523501
Western Foods Ltd 519558
Western Fruit & Vegetable Ltd 519321
Winfarm Agro Industries Ltd 519381
Zydus Wellness Ltd 531335 ZYDUSWELL

Share Holding

Category No. of shares Percentage
Total Foreign 0 0.00
Total Institutions 0 0.00
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 0 0.00
Total Promoters 8422500 74.87
Total Public & others 2827500 25.13
Total 11250000 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Oceanic Foods Ltd

The company was incorporated at Jamnagar, in Gujarat as 'Gujarat Oceanic Foods Private Limited', a Private Limited Company, under the provision of the companies Act 1956, issued by the Registrar of companies. Subsequently the name of the company was changed to 'Oceanic Foods Private Limited' vide a special resolution passed in the general meeting of the company and a fresh certificate of incorporation dated January 18, 1994. Further vide special resolution passed by members of the company in the extraordinary general meeting held on August 22, 2016, the company was converted into a public limited company and the name of the company was changed to 'Oceanic foods Limited'. The company is engaged in manufacturing and exporting of dehydrated spices and vegetables. The companies business operations comprises of export products like dehydrated Onion (Red & White), dehydrated Garlic, dehydrated cabbage and dehydrated carrots etc. and also in various forms like flakes, minced, powder, etc. Today, the company has two manufacturing units spread over more than 5 acres in aggregate. Unit I is situated at Lalpur and Unit II is situated at Jamnagar. Unit I is a fully automated plant requiring least manpower, which gives us the competitive edge over other players in terms of quality and hygiene. Unit II carriers out secondary process of dehydration, which includes oven drying and toasting. The company has purchased 100% raw material locally from Gujarat, Maharashtra, Madhya pradesh and Rajasthan and also has an in house laboratory for testing the quality of products. The company believes in manufacturing and delivering quality products and has also its manufacturing processes under constant supervision by qualified food technologist. The company is maintaining quality standard conforming to ISI, FPO and international quality standards like ISO and ADOGA. As a part of continual quality up gradation, the company has adopted ISO 22,000 system certification, Halal certification, Kosher certification as well US FDA registration.

Oceanic Foods Ltd Chairman Speech

Dear Members,

This is my first letter to all our esteemed shareholders as the Chairman of Board of directors of Oceanic foods Limited and it gives me immense pleasure to bring to all, the 03rd Annual Report of the company after it's being listed on the BSE SME Platform in the year 2017 (31st March, 2017). I would take this opportunity to share with you the another eventful year 2018-19 which reflects the better export performances domestic and globally, with worldwide presence since food processing sector is considered to be the sunrise industry in India and we grab this opportunity to serve our nation in a more better and healthy manner. I would like to also share with our members the most remarkable achievements by our company in the year 2018 and also in the year 2019. In the year 2018, Mr Tulan V. Patel, Managing Director and CEO received the "Indian Achievers Award 2018" on 20th February 2018 in New Delhi

Also a remarkable achievement in the year 2019, when our company was nominated amongst 34011 nominations for scoring in TOP 100 of SME Achievers 2018-19 in overall evaluation of Financial and Non financial Parameters. The award was given on 28th June 2019 by worthy hands of Shri Nitin Gadkari, Hon'ble Minister of Road Transport and Highways, Shipping & Micro small and Medium Enterprises. The award was received by the Chief Financial officer of our Company, Mr Shrinivas Jani. Glimpses of the same

With this achievement among our country, Rising India, we established a strong presence across the globe and stayed relevant to the society at large. Agriculture and Food Industry occupied a share of 8.92% in India's overall exports in the year 2016-17 witnessing a positive growth of 0.55%. India's food processing sector may attract $33 billion. What Oceanic- Your Company thinks, for growth with Innovation!!!! Being india's leading manufacturer and exporter of Dehydrated Foods, Vegetables and Spices. Oceanic runs in full capacity and currently processing 3750 tpa of Dehydrated Onion, 1000 tpa of Dehydrated Garlic and 500 tpa of Dehydrated Vegetables. Over four decades of established relationships with MNC's – Nestle, Unilever, ITC, Givaudan, IFF etc. Our company has also built up Raw materials network over many years available in abundant nature in and around Gujarat. The company aims at expanding its presence in its markets by investing strongly behind its brands, distribution and manufacturing capabilities. Also to know the future outlook plans for capacity expansion of oceanic-, the existing capacity is to be expanded and removal of bottlenecks to reduce transportation and processing costs. Innovating 2022: targeting Oceanic's health ingredients division catering "Food as Health" Concept. All thanks to the commitment, passion and encouragement of our associates. On behalf of the entire Board and management team of Oceanic, I would like to express my sincere gratitude to all our customers, suppliers, distributers, partners, shareholders for being with us throughout this transformational Journey. I would particularly like to thank all the employees of the Oceanic for their dedication, hard work and commitment towards the organization. At Oceanic, We are committed to our mission of expanding our Business across the globe, supply finest products and establish Long Term Mutually beneficial Relationships with our customers to promote Healthy Living. We look forward to another successful year ahead with continuing dedication and commitment towards the organization.

   

Oceanic Foods Ltd Company History

The company was incorporated at Jamnagar, in Gujarat as 'Gujarat Oceanic Foods Private Limited', a Private Limited Company, under the provision of the companies Act 1956, issued by the Registrar of companies. Subsequently the name of the company was changed to 'Oceanic Foods Private Limited' vide a special resolution passed in the general meeting of the company and a fresh certificate of incorporation dated January 18, 1994. Further vide special resolution passed by members of the company in the extraordinary general meeting held on August 22, 2016, the company was converted into a public limited company and the name of the company was changed to 'Oceanic foods Limited'. The company is engaged in manufacturing and exporting of dehydrated spices and vegetables. The companies business operations comprises of export products like dehydrated Onion (Red & White), dehydrated Garlic, dehydrated cabbage and dehydrated carrots etc. and also in various forms like flakes, minced, powder, etc. Today, the company has two manufacturing units spread over more than 5 acres in aggregate. Unit I is situated at Lalpur and Unit II is situated at Jamnagar. Unit I is a fully automated plant requiring least manpower, which gives us the competitive edge over other players in terms of quality and hygiene. Unit II carriers out secondary process of dehydration, which includes oven drying and toasting. The company has purchased 100% raw material locally from Gujarat, Maharashtra, Madhya pradesh and Rajasthan and also has an in house laboratory for testing the quality of products. The company believes in manufacturing and delivering quality products and has also its manufacturing processes under constant supervision by qualified food technologist. The company is maintaining quality standard conforming to ISI, FPO and international quality standards like ISO and ADOGA. As a part of continual quality up gradation, the company has adopted ISO 22,000 system certification, Halal certification, Kosher certification as well US FDA registration.

Oceanic Foods Ltd Directors Reports

To,

The Members,

OCEANIC FOODS LIMITED,

Your Directors are pleased to present their 26th Annual Report along with the Audited financial statements for the Financial Year ended 31st, March, 2019.

FINANCIAL HIGHLIGHTS:

(Amount in Rs)
PARTICULARS 2018-19 2017-18
1. Revenue from Operation 78,39,89,521 81,49,56,088
2. Other Income 7,98,743 12,56,406
3. Total Revenue 78,47,88,263 81,62,12,495
4. Cost of Material 56,24,71,093 53,33,73,708
Consumed
5. Purchases of Stock in trade 6,54,61,511
6. Changes in inventories Work in Process -8,09,23,656 3,78,51,305
Finished goods 31,55,423 -16,56,963
7. Employees Benefits Expense 3,22,21,043 3,21,35,152
8. Finance Cost 1,62,03,562 2,27,64,155
9. Depreciation & Amortization Exp. 81,44,647 71,32,174
10. Other Expenses 14,94,72,727 16,52,16,049
11. Total Expenses 75,62,06,350 79,68,15,580
12. Profit/ (Loss) Before Tax 2,85,81,913 1,93,96,915
13. Current Tax 90,73,950 54,30,173
14. Deferred Tax -21,64,806 10,82,414
15. Profit/ (Loss) After Tax (PAT) 2,16,72,769 1,28,84,328

STATEMENT OF COMPANY'S AFFAIRS AND FUTURE OUTLOOK:

During the Financial year 2018-19, the Company has earned Net revenue from the operations of Rs 78.40 Crores as compared to previous year revenue i.e Rs 81.50 crores. However, in spite of slighter decrease in revenue the Company has managed to leverage the net profit (after tax) of Rs. 2.17 Crores compared to previous year net profit of Rs 1.29 crores.

Our focus on developing a product portfolio that delights our consumers is an essential part of our manufacturing and processing value chain. Our procurement policies ensure that only the Best Quality Raw Materials go into our manufacturing process. Our state of the art manufacturing facilities ensure the goodness of our products remain intact and our robust supply chain assures they are delivered to even the remote corners of the country in time to meet the ever-changing needs and aspirations of our consumers. At Oceanic, We put a lot of emphasis on our manufacturing capabilities to ensure that our supply chain confirms to the highest standards of quality. We have been continuously investing in our manufacturing units, introducing technologies and operational efficiencies to maintain our competitiveness. Currently our manufacturing units are aligned to our existing and future commercial strategies and product pipelines. Our manufacturing value-chain is streamlines and structured to offer a wide range of products. Excellence in supply chain operations is one of the key factors for driving our market leadership. The ability to deliver on time with high levels of quality has been one of our greatest strength. On the business front we successfully navigated a rapidly changing regulatory landscape and intense competition in India, besides severe geopolitical headwinds and currency devaluations. Despite these challenges, we succeeded in delivering a strong profitable performance.

Financial Statement:

In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as `Listing Regulations`) and Section 136 of the Companies Act, 2013 read with Rule 10 of the Companies (Accounts) Rules, 2014, the Annual Report containing salient features of the financial statements, including for the financial year 2018-19, along with statement containing salient features of the Directors' Report (including Management Discussion & Analysis) is being sent to all shareholders, who have not registered their email address(es) for the purpose of receiving documents/communication from the Company in electronic mode. Please note that you will be entitled to be furnished, free of cost, the full Annual Report 2018-19, upon receipt of written request from you, as a member of the Company.

Full version of the Annual Report 2018-19 containing complete Balance Sheet, Statement of Profit & Loss, other statements and notes thereto, including financial statements, prepared as per the requirements of Schedule III to the Companies Act, 2013, Directors' Report (including Management Discussion & Analysis and Corporate Governance Certificate) is being sent via email to all shareholders who have provided their email address (es).

Full version of Annual Report 2018-19 is also available for inspection at the registered office of the Company during working hours up to the date of ensuing Annual general meeting (AGM).It is also available at the Company`s website, www.oceanicfoods.com

DECLARATION OF DIVIDEND AND TRANSFER OF AMOUNT TO RESERVES:

The Board of Directors of the Company has proposed dividend of Rs 0.10/- per equity share, (1%) for the financial year 2018-19 which is subject to approval of members in Annual General Meeting. If approved as stated, final dividend will be paid to the shareholders within the period stipulated by the Companies Act, 2013, whose names appear as members in the Register of Members of the Company as on 26th September, 2019. The total dividend appropriation will result in cash outflow of Rs 13,56,247/- (including dividend distribution tax of Rs 2,31,247/-) for the F. Y 2018-19

The Register of Members and Share transfer books will remain closed from Monday 23rd September, 2019 to Thursday, 26th September, 2019 (both days inclusive) for the purpose of payment of final dividend for the financial year ended 31st March, 2019 and the Annual general meeting.

Moreover, no amount is being transferred to reserves during the financial year 2018-19

CHANGE IN NATURE OF BUSINESS:

There are no changes in the nature of business of the Company during the year under Report. The Company is engaged in the business of processing and sales of dehydrated vegetables.

SHARE CAPITAL:

The Authorised Share capital of the Company was increased from Rs 7,00,00,000/- (Rupees Seven Crores only) divided into 70,00,000 (Seventy Lacs) Equity Shares of Rs 10/- (Rupees Ten Only) each TO Rs 12,00,00,000/- (Rupees Twelve Crores Only) divided into 1,20,00,000/- (One crore Twenty lacs) Equity Shares of Rs 10/- (Rupees Ten Only) each, ranking pari-passu in all respect with the existing equity shares of the Company

The Paid up Equity share Capital of the Company as on 31st March, 2019 was Rs. 3,75,00,000/- (Rupees Three Crores Seventy Five lacs only) divided into 37,50,000 (Thirty Seven Lacs Fifty Thousand) Equity Shares of Rs 10/- (Rupees Ten only) each. During the year, the Company has not issued any share with differential voting rights nor granted stock options or sweat equity or any convertible instrument. The Company's Equity Shares are listed on BSE SME Platform and the shares are actively traded and have not been suspended from trading.

CHANGES IN SHARE CAPITAL AFTER CLOSURE OF FINANCIAL YEAR

The Company had issued 75,00,000 Bonus shares in ratio of (2:1) Two shares for every one existing fully paid shares to the members of the company as on record date 28th June, 2019. The Board of directors approved the allotment of Bonus shares dated 01st July, 2019. The Paid up share capital of the company after 01st July, 2019 has been increased to Rs 11,25,00,000/- (Rupees Eleven Crore Twenty Five Lacs only)

EXTRACT OF ANNUAL RETURN:

The Extract of Annual return as on 31st March, 2019 in the prescribed form MGT-9, pursuant to Section 92 of the Companies Act, 2013 substituted by the Companies Amendment Act, 2019, is attached as Annexure –I to this report and the same is also available at the Company's website www.oceanicfoods.com at the link https://www.oceanicfoods.com/index.php/investors/annual-return

BOARD MEETINGS AND INDEPENDENT DIRECTORS MEETING:

During the year under review, 6 (Six) number of Board meetings were held on 14/04/2018, 28/05/2018, 30/08/2018, 13/11/2018, 24/12/2018, and 14/03/2019 and requisite quorum were present at the said meetings.

Further Independent Directors meeting was held on 24th December 2018 to review the performance of Non Independent Directors and the Board as a whole; review the performance of the Chairperson of the Company, taking into account the views of executive directors and non-executive directors and access 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 reasonable perform their duties. Non- Executive including Independent Directors plays a crucial role in balancing the functioning of the Board by providing independent judgements on various issues raised in the Board meetings like formulation in business strategies, monitoring of performances etc. Their role, inter alia, includes:

• Impart balance to the Board by providing Independent Judgements

• Provide feedback on company's Strategy and Performances

• Provide effective recommendations for further improvements

The Company has no pecuniary relationships with the Independent directors except sitting fees for attending meetings of the Board/committees thereof.

BOARD'S RESPONSIBILITY STATEMENT:

Pursuant to the provisions of Section 134 (5) of the Companies Act, 2013, with respect to the Directors' Responsibility Statement, the Directors confirm that:

a) in the preparation of the annual accounts, the applicable accounting standards had been followed and there are no material departures from the same;

b) the directors had selected such accounting policies and applied them consistently and made judgements 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 of the company for that year;

c) the directors have taken proper and sufficient care to the best of their knowledge and ability 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 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 are operating effectively;

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

RELATED PARTY TRANSACTIONS:

During the year under report, the Company has entered into transactions with related party and all such transactions were carried on at arm's length price in the ordinary course of business. Information on transactions with related parties pursuant to section 134(3)(h) of the act read with Rule 8(2) of Companies (Accounts) Rules, 2014 are given in "Annexure-II" in Form AOC-2 and the same forms part of this report. Your directors draw attention of members to Note. 35 to the financial statement which sets out related party disclosures for the year under review.

STATUTORY AUDITOR AND AUDITOR'S REPORT:

"Pursuant to the provisions of Section 139 of the Companies Act, 2013 and all other applicable provisions of the Companies Act, 2013 (the "Act") read with the Companies (Audit and Auditors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force), and pursuant to the recommendations of the Audit Committee of Board of Directors, M/s. Maharishi & Co, Chartered Accountants (ICAI Registration No. 124872W), be and are hereby appointed as statutory auditors of the Company for the term of 5 consecutive years from the F. Y 2018-19, till to the conclusion of the Annual General meeting of the Company to be held in the Calendar year 2023 (For the F. Y 2022-2023), on such remuneration as may be decided by the Board and Audit Committee of the Board, subject to annual ratification by members at every Annual General Meeting. However, as per the Companies Amendment Act, 2017, vide Notification dated 07th May, 2018, the requirement of Annual ratification has been omitted.

Pursuant to Section 139 and 141 of the Companies Act, 2013 and relevant rules prescribed there under, the company has received consent from the auditors to the effect confirming that their appointment that their appointment is within the prescribed limits laid down by the Act, as per the terms provided under the Act and that they are not disqualified for continuing such appointment under the provisions of applicable laws and also that they are not disqualified for continuing such appointment under the provisions of applicable laws and also that there are no pending proceedings against them or any of their partners with respect to any professional matters of conduct

The Auditors' Report does not contain any qualification, reservation or adverse remark AND the Notes on financial statements referred to in the Auditors' Report are self-explanatory and do not require any further comment thereon that may call for any explanations from the Board of Directors.

SECRETARIAL AUDITOR AND SECRETARIAL AUDIT REPORT:

The Board has appointed M/s. MJP Associates, Practising Company Secretaries, pursuant to Section 204 of the Companies Act, 2013, to conduct Secretarial Audit for the F Y 2018-19. The Secretarial Audit Report for the Financial Year ended on March, 31 2019 is Annexed herewith marked as "Annexure III" to this Report. The Secretarial Audit Report submitted by them in the prescribed form MR-3 M/s. MJP Associates, Practising Company Secretaries, have been re-appointed to conduct the Secretarial Audit of the Company for the Financial year 2019-20. They have confirmed that they are eligible for the said appointment.

Some noting by Secretarial Auditor under report for FY 2018-19 is as under :

The Company had purchased a Car in name of Director, against hypothecation of same with the Bank, and as explained to us, the Car is asset of the Company, and installments of the loan are being paid by the Company. However, the Company had not filed necessary Form with the Registrar, for registration of Creation of Charge

Reply by Board: The Board would ensure compliance of all provisions of the Act in future.

PARTICULARS OF LOAN, GUARANTEES AND INVESTMENTS MADE:

During the year under report, the Company has not granted any loan or provided any guarantee or made any investment as specified in Section 186 (2) of the Companies Act, 2013. Hence no approval from the shareholders in this regard was required.

DISCLOSURE UNDER SEXUAL HARASSMENT OF WOMEN AT THE WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013 :

At Oceanic Foods Limited, all employees are of equal value. There is no discrimination between individuals at any point on the basis of race, colour, gender, religion, political opinion, national extraction, social origin, sexual orientation or age.

At Oceanic Foods Limited, every individual is expected to treat his/her colleagues with respect and dignity. This is enshrined in values and in the Code of Ethics & Conduct of Oceanic Foods Limited. The Direct Touch (Whistle-Blower &Protection Policy) Policy provides a platform to all employees for reporting unethical business practices at workplace without the fear of reprisal and help in eliminating any kind of misconduct in the system. The Policy also includes misconduct with respect to discrimination or sexual harassment.

The Company also has in place `Prevention of Sexual Harassment Policy`. This Anti-Sexual Harassment 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 (ICC) is in place to redress complaints received regarding sexual harassment.

The following is a summary of sexual harassment complaints received and disposed off during the year:

• No. of complaints received: Nil

• No. of complaints disposed off : Nil

• No. of complaints Pending : Nil

CORPORATE SOCIAL RESPONSIBILITY (CSR):

Pursuant to provisions of Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014, every company with a net worth of Rs. 500 Crores or more OR an annual turnover of Rs.1000 Crores or more OR with a net profit of Rs. 5 Crores or more is required to constitute a CSR Committee.

At present, Oceanic Foods Limited is not required to constitute a CSR Committee in this regards as none of the above referred limits have been triggered.

INDUSTRIAL RELATIONS

The Company maintained healthy, cordial and harmonious industrial relations at all levels. The enthusiasm and unstinting efforts of employees have enabled the Company to remain at the leadership position in the industry. It has taken various steps to improve productivity across organization.

DETAILS OF BOARD OF DIRECTORS:

Pursuant to Section 149, 152 and other applicable provisions of the Companies Act, 2013, one-third of such of the Directors as are liable to retire by rotation, shall retire every year and, if eligible, offer themselves for re-appointment at every AGM. Consequently Mr. Ajesh V. Patel, Wholetime Director [DIN 00083536] will retire by rotation at the ensuing AGM, and being eligible, offer himself for re-appointment in accordance with provisions of the Companies Act, 2013.

A brief resume of the Directors proposed to be re-appointed, the nature of their expertise in specific functional areas, names of companies in which they have held Directorships, committee memberships/ chairmanships, their shareholding etc., are furnished in the explanatory statement to the notice of the ensuing AGM.

The Directors recommend their re-appointment at the ensuing AGM. The Company has received necessary declaration from all the Independent Directors under Section 149(7) of the Companies Act, 2013 confirming that they meet the criteria of independence as laid down in Section 149(6) of the Companies Act, 2013 and the Listing Regulations.

CHANGE IN COMPOSITION OF BOARD OF DIRECTORS:

During the year, Mr Vinodrai D. Patel, resigned from the office of Chairman and Managing director, w.e.f 24th December, 2018. Mr Ajesh V. Patel, redesignated from Wholetime director to Chairman and Wholetime Director w.e.f 24th December, 2018. Mr Tulan V. Patel, Chief Executive Officer redesignated from CEO to Managing Director and CEO w.e.f 24th December, 2018.

As on 31st March, 2019, the composition of Board of directors was as follows:

Name Designation Director Identification Number (DIN) Date of Appointment
1 Ajesh Vinodrai Patel Chairman & Wholetime Director 00083536 03/05/1993
2 Tulan Vinodrai Patel Managing Director 02177067 24/12/2018
3 Nitesh Chandrakant Kotecha Non –Executive Independent Director 00590244 10/08/2016
4 Vaidehi Jagdishbhai Majithia Non-executive Independent Director 07558547 10/08/2016
5 Rashmikant Dhirajlal Non-executive Independent Director 07562889 10/08/2016
Makwana

COMMITTEES OF BOARD OF DIRECTORS:

1) AUDIT COMMITTEE: The Audit Committee comprises of 3 Non-Executive Independent Directors. The Composition of committee is in conformity with the listing regulations. During the year, the Committee met four times i.e 28/05/2018, 30/08/2018, 13/11/2018 and 24/12/2018 and the attendance of the members of the meetings were as below. The Chief financial officer and Statutory Auditor are the permanent invitees to the Committee meetings. All the recommendations of Audit committee were accepted by the Board of Directors.

Name Status Category Director Identification Number (DIN) No. of Meetings held/attended
1 Vaidehi Majithia Chairperson Non Executive & Independent 07558547 4/4
2 Nitesh Kotecha Member Non Executive & Independent 00590244 4/4
3 Rashmikant Makwana Member Non Executive & Independent 07562889 4/4

The Management is responsible for the Company's Internal Financial controls and financial reporting process. The independent auditors are responsible for performing an independent Audit of the Company's Financial statements in accordance with the Accounting Standards and for issuing a report thereon. The Committee is responsible for overseeing the processes related to financial reporting and information dissemination.

The Committee has appointed M/s B. H Vyas and Co., Chartered Accountants as internal auditors of the Company for the period from 01st April 2018 to 31st March, 2019 and has also been reappointed for the period from 01st April, 2019 to 31st March 2020.

Based on the review and discussions conducted with the Management and Independent Auditors, the Audit Committee believes that the financial statements are presented in conformity with the accounting standards in all aspects

2) NOMINATION AND REMUNERATION COMMITTEE: The Nomination and Remuneration Committee comprises of 3 Non-Executive Independent Directors. The Composition of committee is in conformity with the listing regulations. During the year, the Committee met four times i.e

28/05/2018, 30/08/2018, 13/11/2018 and 24/12/2018 and the attendance of the members of the meetings were as below.

Name Status Category Director Identification Number (DIN) No. of Meetings held/attended
1 Rashmikant Makwana Chairman Non Executive & Independent 07562889 4/4
2 Nitesh Kotecha Member Non Executive & Independent 00590244 4/4
3 Vaidehi Majithia Member Non Executive & Independent 07558547 4/4

The main responsibility of the Committee is to incentivize and reward executive performance that will lead to the long- term enhancement of Shareholder performance. Further the committee is also responsible for formulating policies as to remuneration, performance evaluation, Board diversity etc. in line with Companies Act, 2013 and SEBI Listing regulations. The roles and responsibilities of the Committee covers the area as specified in the Listing Regulations, Companies Act, 2013 and other applicable laws, if any, besides other role and powers entrusted upon it by the Board of Directors from time to time.

3) STAKEHOLDERS RELATIONSHIP COMMITTEE:

The Stakeholders Relationship Committee comprises of 3 Non-Executive Independent Directors. The Composition of committee is in conformity with the listing regulations. During the year, the Committee met four times i.e 28/05/2018, 30/08/2018, 13/11/2018 and 24/12/2018 and the attendance of the members of the meetings were as below.

Name Status Category Director Identificati on Number (DIN) No. of meetings held/attended
1 Nitesh Kotecha Chairman Non Executive& Independent 07562889 4/4
2 Rashmikant Makwana Member Non Executive& Independent 00590244 4/4
3 Vaidehi Majithia Member Non Executive& Independent 07558547 4/4

The main responsibility of the Committee is to ensure cordial investor relations and supervise the mechanism for redressal of Investor grievances pertaining to transfer of shares, non receipt of annual report, non-receipt of declared dividends etc. It performs the functions of transfer/transmission/ remat/ demat/ split-up/sub-division and consolidation of shares, issue of duplicate share certificates and allied matter(s). The Committee is also responsible to specifically looks into various aspects of interest of shareholders like effective exercise of voting rights by shareholders, service standards of RTA, etc.

Details pertaining to the number of complaints received and responded and the status thereof during the financial year 2018-19 are given below:

No. of Complaints pending as on 31st March 2018 NIL
No of Complaints received during the year NIL
No of Complaints resolved during the year NIL
No. of Complaints pending at the end of the 31st March 2019 NIL

KEY MANAGERIAL PERSONNEL:

The Key Managerial Personnel (KMP) in the Company as per Section 2(51) and 203 of the Companies Act, 2013 are as follows:

Mr. Ajesh V. Patel, Chairman (w.e.f 24th December, 2018) and Whole Time Director

Mr. Tulan V. Patel, Managing Director (w.e.f 24th December, 2018) and Chief Executive officer Mr. Shrinivas A. Jani, Chief Financial Officer Ms Krishna S. Adhyaru Company Secretary & Compliance Officer

During the year, Mr Vinodrai D. Patel, resigned from the office of Chairman and Managing director, w.e.f 24th December, 2018. Mr Ajesh V. Patel, redesignated from Wholetime director to Chairman and Wholetime Director w.e.f 24th December, 2018. Mr Tulan V. Patel, Chief Executive Officer redesignated from CEO to Managing Director and CEO w.e.f 24th December, 2018.

RATIO OF REMUNERATION OF EACH DIRECTOR TO THE MEDIAN REMUNERATION OF THE EMPLOYEES OF THE COMPANY FOR THE FINANCIAL YEAR 2018-19:

The information required pursuant to section 197 (12) read with Rule 5 (1) (i) of the Companies (Appointment and Remuneration) Rules 2014 in respect of ratio of remuneration of each director to the median remuneration of the employee of the Company for the financial year 2018-19 forms part of this report as "Annexure-IV".

COMPANY'S POLICY ON DIRECTORS APPOINTMENT, NOMINATION, REMUNERATION AND FORMAL EVALUATION:

Pursuant to Section 134 (3)(e) and provisions of Section 178 (1) of the Companies Act, 2013, the Board has, on the recommendation of the Nomination & Remuneration Committee framed a policy for selection, nomination, appointment and remuneration of Directors suitably containing the criteria determining qualifications, positive attributes and independence of a Director. The Remuneration paid to the executive directors is in accordance with the Nomination and Remuneration Policy formulated.

PERFORMANCE EVALUATION OF BOARD, ITS COMMITTEES AND INDIVIDUAL DIRECTORS:

Pursuant to applicable provisions of the Companies Act, 2013 and the Listing Regulations, the Board, in consultation with its Nomination & Remuneration Committee, has formulated a framework containing, inter-alia, the criteria for performance evaluation of the entire Board of the Company, its Committees and individual Directors, including Independent Directors. The framework is monitored, reviewed and updated by the Board, in consultation with the Nomination and Remuneration Committee, based on need and new compliance requirements. The annual performance evaluation of the Board, its Committees and each Director has been carried out for the financial year 2018-19 in accordance with the framework. The policy has been uploaded in the website of Company www.oceanicfoods.com. The aspects covered in the evaluation included the contribution to and monitoring of corporate governance practices, participation in long term strategic planning and the fulfillment of Director's obligations and fiduciary responsibilities, including but not limited to, active participation at the Board and Committee meetings. The Board evaluated the effectiveness of its functioning and that of the committees and individual directors by seeking their inputs on various aspects of Board/committee meetings.

DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS OTHER THAN THOSE WHICH ARE REPORTABLE TO THE CENTRAL GOVERNMENT

The Statutory Auditors, or Secretarial Auditors of the Company have not reported any frauds to the Audit Committee or to the Board of Directors under Section 143(12) of the Companies Act, 2013, including rules made there under

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

In Terms of the Regulation 34 read with Schedule V of the SEBI (LODR) Regulations 2015, Management Discussion and Analysis report forms part of this Annual Report as "Annexure V"

CORPORATE GOVERNANCE:

As per Regulation 15 (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Para C of Schedule V relating to Corporate Governance Report, shall not apply to company listed on SME Exchange. The Company being a company listed on BSE SME Platform, preparation of corporate governance is not applicable. Although relevant information is provided in the Board's Report.

RISK MANAGEMENT:

The company has been following the principle of risk minimization as it is the norm in every industry. The Board has adopted steps for framing, implementing and monitoring the risk management plan for the company. The main objective of this policy is to ensure sustainable business growth with stability and to promote a pro-active approach in reporting, evaluating and resolving risks associated with the business. The Risk faced by the company, their impact and their minimization procedures are assessed categorically under the Broad heads of High, Medium and Low Risk

In order to achieve the key objective, the policy establishes a structured and disciplined approach to risk management, in order to guide for decisions on risk related issues. The Board provides oversight and reviews the risk management policies on a quarterly basis

In today's Challenging and competitive environment, strategies for mitigating inherent risk in accomplishing the growth plans of the company are imperative. The Common risks inherent are: Regulations, Competition, business risk, technology obsolescence, long term investments and expansion of facilities. Business risk, inter alia, includes financial risk, political risk, legal risk etc., As a matter of policy, these risk are assessed and steps as appropriate are taken to mitigate the same.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

According to Section 134(5)(e) of the Companies Act, 2013 the term Internal Financial Control (IFC) means the policies and procedures adopted by the Company for 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 the timely preparation of reliable financial information. The Company has an Internal Control System, commensurate with the size, scale and complexity of its operations which ensures that all the assets are safeguarded and protected and that the transactions are authorized, recorded and reported correctly. Assurance on the effectiveness of internal financial controls is obtained through management reviews, control self-assessment, continuous monitoring by functional experts as well as testing of the internal financial control systems. We believe that these systems provide reasonable assurance that our internal financial controls are designed effectively and are operating as intended.

Adequacy of Internal financial controls with reference to financial statements:

The Companies Act, 2013 re-emphasizes the need for an effective Internal Financial Control System in the company which should be adequate and shall operate effectively. Rule 8(5)(viii) of the Companies (Accounts) Rules, 2014 requires the information regarding adequacy of Internal Financial controls with reference to financial statements to be disclosed in the Board's Report.

To ensure effective internal financial controls the Company has laid down the following measures:

• All operations are executed through Standard Operating Procedures in all functional activities for which key manuals have been put in place. The Manuals are updated and validated periodically

• Transactions audit are conducted regularly to ensure financial reporting, safeguard and protection of all the assets. The company's Books of accounts are maintained in ERP and transactions are executed through ERP Set-ups to ensure correctness/effectiveness of all transactions, integrity and reliability of reporting.

• The company has comprehensive risk management framework.

• The company has robust mechanism of building budgets at an integrated cross-functional level. The Budgets are reviewed on a quarterly basis so as to analyze the performance and take corrective action, wherever required

• The Company has a system of Internal Business Reviews. All departmental heads discuss their business issues and future plans in monthly review meetings. They review their achievements vs budgets in quarterly review meetings. Specialized issues like investment, property, FOREX are discussed in their respective internal committee meetings

A Compliance of Secretarial functions is ensured by way of Secretarial Audit

DISCLOSURE ON VIGIL MECHANISM:

Pursuant to Section 177(9) & (10) of the Companies Act, 2013, a Vigil Mechanism for directors and employees to report genuine concerns has been established, in order to ensure that the activities of the company and its employees are conducted in a fair and transparent manner by adoption of highest standards of professionalism, honesty and integrity and ethical behavior. The Company promotes ethical behavior in all its business activities and in line with the best governance practices, The Company has established a vigil mechanism through which Directors, employees and business associates may report unethical behaviour, malpractices, wrongful conduct, fraud, violation of Company's code of conduct without fear of reprisal.

Recently, reporting of instances of leak/suspected leak of any unpublished Price Sensitive Information has also been allowed through this mechanism and the Company has made its employees aware of the same. The Company has set up a Direct Touch initiative, under which all Directors, employees, business associates have direct access to the Chairman of the Audit committee, and also to a three-member direct touch team established for this purpose. The direct touch team comprises one senior woman member so that women employees of the Company feel free and secure while lodging their complaints under the policy. This policy aims to:

• Allow and encourage stakeholders to bring to the Management notice concerns about unethical behaviour, malpractice, wrongful conduct, actual or suspected fraud or violation of policies and leak or suspected leak of any Unpublished Price Sensitive Informatiion.

• Ensure timely and consistent organizational response

• Build and strengthen a culture of transparency and trust

• Provide protection against victimization

The vigil mechanism policy has also been uploaded in the website of the company at www.oceanicfoods.com

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:

The Company has not taken any significant steps for conservation of Energy during the year under report. There are no significant expenses on technology absorption during the year. However, your company is increasingly using information technology in its operations and promotes conservation of resources. Moreover, the Company has reported Foreign Exchange Earnings and Expenses made as under:

Particulars 2018-19 2017-18
Foreign Exchange Earnings 28,99,25,458 30,16,37,194
Foreign Exchange Outgo 7,60,188 5,29,711

PARTICULARS OF EMPLOYEES:

There are no employees in the Company drawing remuneration of more than Rs. 8,50,000/- rupees per month or 1,02,00,000/- rupees per annum, as prescribed in Rule 5 (2) of the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016.

SUBSIDIARIES, JOINT VENTURE OR ASSOCIATE COMPANIES:

As on 31st March, 2019, the Company does not have any Subsidiary or Joint Venture. The Company is having an Associate Company namely, Meridian Geo-informatics Private Limited. Since the operations of this company is not significant and hence immaterial for consolidation. Accordingly, the accounts have not been consolidated. Also further the company is in process of Strike off with ROC.

OTHER DISCLOSURES AS REQUIRED UNDER THE PROVISIONS OF THE COMPANIES ACT, 2013 AND RULES MADE THEREUNDER:

1. There have been no material changes/commitments affecting the financial position of the company which have occurred between the end of the financial year to which the financial statements relate and the date on report;

2. During the year under review your company has not accepted the deposit from the public under section 73 to 76 of the Companies Act, 2013 and the rules made there under;

3. No significant or material orders were passed by the Regulators or courts or tribunals which impact the going concern status and company's operations in future

4. There have been no instances of any revision in the Board's Report or the financial statement, hence disclosure under Section 131(1) of the Act is not required.

5. The Company has not paid any commission to any of its Directors and hence, provision of disclosure of commission paid to any Director as mentioned in Section 197(14) is not applicable.

6. The Company has not issued (a) any shares with differential voting rights (b) Sweat Equity shares (c) shares under any Employee stock option scheme, hence no disclosures are required to be made as per the Companies (Share Capital and Debentures) Rules, 2014.

7. The Central Government has not prescribed the maintenance of cost records by the company under Section 148(1) of the Companies Act, 2013 for any of its products.

ACKNOWLEDGEMENT:

Your Directors place on record their gratitude to the Central Government, State Governments and Company's Bankers for the assistance co-operation and encouragement they extended to the Company. Your Directors also wish to place on record their sincere thanks and appreciation for the continuing support and unstinting efforts of investors, vendors, dealers, business associates and employees in ensuing and excellent all around operational performance.

For and on behalf of the Board

For, OCEANIC FOODS LIMITED,

Sd/-

(Ajesh V. Patel)

Chairman and Wholetime Director

DIN: 00083536

Date : 29/08/2019

Place : Jamnagar

   

Oceanic Foods Ltd Company Background

Ajesh Vinodrai PatelTulan V Patel
Incorporation Year1993
Registered OfficeOpp Brooke Bond Factory,PN Marg
Jamnagar,Gujarat-361002
Telephone91-0288-2757366/77,Managing Director
Fax91-0288-2757333
Company SecretaryKrishna Subhashbhai Adhyaru
AuditorMaharishi & Co
Face Value10
Market Lot1
ListingBSE,
RegistrarLink Intime India Pvt Ltd
C-101 247 Park ,L B S Marg ,Vikhroli West ,Mumbai-400083

Oceanic Foods Ltd Company Management

Director NameDirector DesignationYear
Ajesh Vinodrai PatelWhole-time Director2017
Nitesh Chandrakant KotechaIndependent Director2017
Vaidehi Jagdish MajithiaIndependent Director2017
Rashmikant Dhirajlal MakwanaIndependent Director2017
Krishna Subhashbhai AdhyaruCompany Secretary2017
Tulan V PatelManaging Director & CEO2017

Oceanic Foods Ltd Listing Information

Oceanic Foods Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Onion Powder and Flakes NA 00049.28914
Garlic Powder NA 00014.20015
Other Operating Income NA 0005.67069
Onions NA 0004.6294
Dehydrated Potatoes NA 0002.53534
Other Dehydrated Products NA 0001.94669
Garlic Wastage NA 0000.12754
Garlic. NA 0000
Others NA 0000
NAC NA 0000
Adjustment NA 0000
Sales of Traded Goods NA 0000

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