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

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Key Stats

MARKET CAP (RS CR) 72.71
P/E 19.16
BOOK VALUE (RS) 13.5594796
DIV (%) 2
MARKET LOT 1
EPS (TTM) 0.89
PRICE/BOOK 1.25742288811733
DIV YIELD.(%) 0.59
FACE VALUE (RS) 5
DELIVERABLES (%)
4

News & Announcements

16-Nov-2019

A Infrastructure Ltd - Announcement under Regulation 30 (LODR)-Newspaper Publication

16-Nov-2019

A Infrastructure Ltd - Announcement Under Regulation 30 (LODR) - Change Of Composition Of Committees

15-Nov-2019

A Infrastructure standalone net profit declines 90.54% in the September 2019 quarter

13-Nov-2019

A Infrastructure Ltd - Outcome Of Board Meeting

04-Nov-2019

A Infrastructure to conduct board meeting

04-Sep-2019

A Infrastructure to hold AGM

30-Jul-2019

A Infrastructure to hold board meeting

30-May-2019

Board of A Infrastructure recommends final dividend

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
BIGBLOC Construction Ltd 540061 BIGBLOC
Everest Industries Ltd 508906 EVERESTIND
Hil Ltd 509675 HIL
Kamdar Cements Ltd 502102
Malabar Building Products Ltd(merged) 507874
Navkar Builders Ltd 531494
Ramco Industries Ltd 532369 RAMCOIND
Roofit Industries Ltd 526089 ROOFITIND
Sahyadri Industries Ltd 532841
Sanghvi Asbestos Cements Ltd 530203
Singhal Cement & Allied Industries Ltd 518085
Siporex India Pvt Ltd 509890
Someshwara Cements & Chemicals Ltd 502187
Star Ferro & Cement Ltd(Merged) 536666 SFCL
Swastik Roofing Ltd(merged) 518111
U.P.Asbestos Ltd 40278
Vardhman Concrete Ltd 531444
Visaka Industries Ltd 509055 VISAKAIND

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 31535140 73.95
Total Public & others 11110560 26.05
Total 42645700 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About A Infrastructure Ltd

A Infrastructure Limited manufactures and markets asbestos cement (AC) pressure pipes which are used for portable water supply, as irrigation and sheel pipes and normal and optic cables. The company was incorporated in 1980 and is based in New Delhi, India. A Infrastructure Limited operates as a subsidiary of Kanoria Sugar and General Manufacturing Co., Ltd. The company entered into licence agreement with Gujarat Composite Ltd with effect from April 7, 2008 for running their three units for manufacturing of AC Sheets and Cement at Digvijaynagar in Ahmedabad. During the year 2005-2006, the company started the production at the A.C Sheet Plant installed at Hamirgarh in Rajasthan. Also, the company installed the second VAT in the exisisting A.C Pipe manufacturing machine for increasing the production capacity.

A Infrastructure Ltd Chairman Speech

A Infrastructure Ltd Company History

A Infrastructure Limited manufactures and markets asbestos cement (AC) pressure pipes which are used for portable water supply, as irrigation and sheel pipes and normal and optic cables. The company was incorporated in 1980 and is based in New Delhi, India. A Infrastructure Limited operates as a subsidiary of Kanoria Sugar and General Manufacturing Co., Ltd. The company entered into licence agreement with Gujarat Composite Ltd with effect from April 7, 2008 for running their three units for manufacturing of AC Sheets and Cement at Digvijaynagar in Ahmedabad. During the year 2005-2006, the company started the production at the A.C Sheet Plant installed at Hamirgarh in Rajasthan. Also, the company installed the second VAT in the exisisting A.C Pipe manufacturing machine for increasing the production capacity.

A Infrastructure Ltd Directors Reports

To

The Members

Your Directors have pleasure to present the 39th Annual Report on the business and operations of your Company along with the Financial Statements for the year ended 31st March, 2019.

FINANCIAL RESULTS AND STATE OF AFFAIRS:

(Rs. in Lakhs)

PARTICULARS 31.3.2019 31.3.2018
Revenue From Operations 25525.96 20694.32
Other Income 509.39 82.23
Total Income 26035.35 20776.55
Profit before Depreciation, Interest & Exceptional Items 2092.14 1252.39
Less: Finance cost 852.93 873.05
Profit before Depreciation & Exceptional Items 1239.21 379.34
Less: Depreciation 274.65 261.90
Profit before Exceptional Items 964.57 117.44
Exceptional Items - -
Profit before tax 964.57 117.44
Less: Tax Expenses 121.59 36.61
Profit after tax for the year 842.98 80.83

TRANSFER TO GENERAL RESERVES

A sum of Rs. NIL has been appropriated to General Reserves out of total comprehensive income of Rs. 876.78 Lakhs for the year under review.

DIVIDEND

Your Directors are pleased to recommend payment of a final Dividend of 2% i.e. Rs. 0.10 per equity share on the fully paid-up Equity Shares of Rs. 5/- each for the financial year 2018-19 subject to approval shareholders at the ensuing Annual General Meeting.

The dividend if approved and declared in the forthcoming Annual General meeting would result a Dividend outflow of Rs. 42.65 Lacs and dividend Distribution Tax of Rs. 8.68 Lacs aggregating a total outflow of Rs. 51.33 Lacs.

RAISING OF FUNDS THROUGH PREFERENTIAL ISSUE

During the year under consideration the Company has raised funds through issue of 71150 5% Redeemable Preference Shares of Rs. 100/- each at par aggregating to Rs. 71.15 Lakh inter-alia for funding for acquisition of distillery, working capital and general corporate purposes etc. This has strengthened long term resources of the Company and will help the Company in its growth plans.

TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND

The provisions of Section 125(2) of the Companies Act, 2013 does not apply as there was no unpaid dividend which was required to be transferred to Investor Education and Protection Fund.

OPERATIONAL HIGHLIGHTS

During the year under review production of AC Pipes and AC Sheets was 50893 Metric Tons and 161795 Metric Tons respectively.

SHARES CAPITAL

a. The Company has not bought back any of its securities during the year under review.

b. The Company has not issued any Sweat Equity Shares during the year under review.

c. The Company has issued Bonus Shares in the proportion of 1 (One) Equity Share for every 1 (One) fully paid- up equity shares held by the Members on record date and bonus shares allotted on 25.04.2018.

** The Company has sub divided Equity Shares having a face value of Rs. 10/- each fully paid up into 2 (Two) Equity Shares of Rs. 5/- (Rupees Five only) each fully paid up.

EMPLOYEES STOCK OPTION PLAN

The Company has not provided any Stock Option Scheme to the employees.

THE BOARD OF DIRECTORS

Mr. Kuldeep Kaw (DIN: 07882201), Director of the Company retires by rotation at the ensuing Annual General Meeting and being eligible, offer himself for re-appointment. Details of the Director seeking re-appointment are provided in the Corporate Governance Report forming part of this report. The Board recommends his appointment for consideration of members of the Company at the ensuing Annual General Meeting.

During the year Shri Arun Kumar Shishoo has appointed as a additional director on 23.10.2018 and he has resigned from the Directorship on 30.03.2019. Shri Nathu Lal Sharma has appointed as an additional director on the Board on 01.09.2018 Shri Kirit Kumar Gunvantrai Dave (DIN 00282707), Independent Director of the Company has resigned from directorship w.e.f. 24th April, 2018.

No other changes have been taken place in composition of Board of Directors and Key Managerial Personnel of the Company during the year under review.

All Independent Directors of the Company have confirmed that they are complying with the requirement of Section 149(6) of the Companies Act, 2013 and applicable provisions of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

NUMBER OF BOARD MEETINGS CONDUCTED DURING THE YEAR UNDER REVIEW

The Company had Nine (9) Board meetings and One (1) meeting of Independent Directors during the financial year under review. For details of the meetings of the board, please refer to the corporate governance report, which forms part of this report. The maximum time interval between two Board meetings did not exceed 120 days as prescribed under Companies Act, 2013.

COMMITTEES OF THE BOARD

As on 31st March, 2019 the Board have three committees: the audit committee, the nomination and remuneration committee and the stakeholders relationship committee. A detailed note on the composition of the Board and its committees is provided in the corporate governance report.

BOARD EVALUATION

Pursuant to the provisions of companies Act, 2013 and SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board has carried out annual performance evaluation of its own performance, the directors individually as well the evaluation of the working of its Audit, Nomination & Remuneration and Stakeholder’s Relationship committee. The manner in which the evaluation has been carried out has been explained in Corporate Governance Report.

NOMINATION, REMUNERATION & EVALUATION POLICY

In pursuant to provisions of Section 178 of the Companies Act, 2013 and SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Board of Directors have approved Nomination, Remuneration & Evaluation Policy for appointment, remuneration & evaluation of the Directors, Key Management Personnel & Senior Management Personnel. The details of the Nomination and Remuneration committee, Nomination, Remuneration & Evaluation Policy and Annual Evaluation carried out by the Directors are given in the Corporate Governance Report.

AUDITORS

STATUTORY AUDITOR

M/s K. N. Gutgutia & Co. Chartered Accountants, (Firm Registration Number 304153E), Kolkata were appointed Statutory Auditors for five years at the 37th Annual General Meeting held on 29th September, 2017. Accordingly, they shall continue to be Statutory Auditors for the financial year 2019-20.

The audit report on the financial statements for the financial year ended on 31st March, 2019, issued by M/s K.N. Gutgutia & Co., Chartered Accountants, do not contain any qualifications, reservations or adverse remarks. The Audit report is enclosed with the financial statements in this annual report and hence do not require any further clarification.

SECRETARIAL AUDITOR

The Board of Directors has re-appointed M/s Anil Somani & Associates, Company Secretaries (M. No. 36055), being eligible, to conduct Secretarial Audit for the Financial Year 2019-20 under the provisions of Section 204 of the Companies Act, 2013.

The Board of Directors has appointed M/s Anil Somani & Associates, Company Secretaries (M. No. 36055), to conduct Secretarial Audit for the 2018-19 under the provisions of Section 204 of the Companies Act, 2013. The Report of Secretarial Auditors is enclosed herewith as ‘Annexure I’. The report does not contain any qualification, reservation or adverse remark.

INTERNAL AUDITOR

Pursuant to Section 138 of the Companies Act, 2013, your Directors have appointed Mr. Brijendra Kumar Somani as an internal auditor of the company for the Financial Year 2019-20 and their report is reviewed by the audit committee from time to time.

COST AUDITOR

Pursuant to Section 148 of the Companies Act, 2013, your Directors have appointed M/s Mahendra Singh & Co, Cost Accountants being eligible, to conduct Cost Audit of the Company for the Financial Year 2019-20

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report for the year under review, as stipulated under SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, annexed to this Directors’ Report, provides a more detailed review of the operating performance.

DIRECTORS’ RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Companies Act 2013, your Directors confirm that:

a) in the preparation of the annual accounts, the applicable accounting standards have been followed with no material departures;

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

c) they have taken proper and sufficient care 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) they have prepared the annual accounts on a going concern basis;

e) they have laid down internal financial controls in the Company that are adequate and are operating effectively; and

f) they have devised proper systems to ensure compliance with the provisions of all applicable laws and that these are adequate and are operating effectively;

CORPORATE GOVERNANCE

The Company is committed to maintain the high standards of Corporate Governance. Your Directors adhere to the requirements set out in Companies Act, 2013 and the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and have implemented all the prescribed requirements. In pursuant to regulation 34(3) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Reports on Corporate Governance and Management Discussions & Analysis have been incorporated in the Annual Report and forms an integral part of the Board Report.

A Certificate from the Auditors confirming compliance with the conditions of corporate Governance is also annexed.

SECRETARIAL STANDARDS

The Company complies with all applicable mandatory secretarial standards issued by the Institute of Company Secretaries of India.

LISTING ON STOCK EXCHANGE

The company’s shares are listed on BSE Ltd.

BUSINESS RISK MANAGEMENT

Your Company has an elaborate Risk Management procedure. The risk management includes identifying types of risks and its assessment, risk handling and monitoring and reporting. Business risk, inter-alia, further includes financial risk, political risk, fidelity risk, legal risk.

As a matter of policy, these risks are assessed and steps as appropriate are taken to mitigate the same.

VIGIL MECHANISM / WHISTLE BLOWER POLICY

In pursuance of Section 177(9) of the Companies Act, 2013 and the regulation 22 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Company has in place a Vigil Mechanism/ Whistle Blower Policy for Directors and employees to report genuine concern. More details pertaining to the same are given in the Corporate Governance Report.

RELATED PARTY TRANSACTIONS

In line with the requirements of the Companies Act, 2013 and SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, your Company has formulated a Policy on Related Party Transactions has been uploaded on the website of the company.

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.

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

The Company does not have any Subsidiary/Associate or Joint venture company.

FIXED DEPOSITS

The Company has not accepted or renewed any fixed deposits during the year under review and no fixed deposit is outstanding for payment at the year ended 31st March, 2019.

DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILITY INITIATIVES

The provisions of Section 135 of the Companies Act, 2013 related to Corporate Social Responsibility are not applicable to the Company.

ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

A Statement giving details of conservation of energy, technology absorption, foreign exchange earnings and outgo in accordance with Section 134(3)(m) read with the Rule 8(3) of the Companies (Accounts) Rules, 2014 is enclosed as Annexure – II and forms integral part of this Report.

EXTRACT OF ANNUAL RETURN

The extracts of Annual Return pursuant to the provisions of Section 92 read with Rule 12 of the Companies (Management and administration) Rules, 2014 is furnished in Annexure "III" and is attached to this Report.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

All the related party transactions are entered on arm’s length basis and in the ordinary course of business. The Company has complied with all the applicable provisions of the Act and SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 in this regard. There is no materially significant related party transaction with Promoters, Directors or Key Management Personnel which may have potential conflict with the interest of the Company at large The particulars of Contracts or Arrangements made with related parties made pursuant to Section 188 are furnished in Annexure- IV and are attached to this report.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186 OF THE COMPANIES ACT, 2013

The Company has complied with the provisions of Section 186 of the Companies Act, 2013 in respect of making loans, guarantees or investments as applicable.

MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY

There were no any material change and commitments affecting the financial position of the company which have occurred between the end of the financial year of the company to which financial statements relates and the date of report.

MATERIAL AND SIGNIFICANT ORDERS PASSED BY REGULATORS & COURTS

No significant and material orders have been passed by any regulators or courts or tribunals against the Company impacting the going concern status and Company’s operations in future.

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

The Company has adequate system of internal control to safeguard and protect from loss, unauthorized use or disposition of its assets. All the transactions are properly authorized, recorded and reported to the Management. The Company is following all the applicable Accounting Standards for properly maintaining the books of accounts and reporting financial statements. The internal auditor of the company checks and verifies the internal control and monitors them in accordance with policy adopted by the company. Even through this non-production period the Company continues to ensure proper and adequate systems and procedures commensurate with its size and nature of its business.

HUMAN RESOURCE DEVELOPMENT

Industrial relations continued to be cordial during the period under review. Your Company firmly believes that a dedicated work force constitutes the primary source of sustainable competitive advantage. Accordingly, human resource development received focused attention. The Company has in house skill training centre and imparts on the job training to its manpower on continuous basis. Your Directors wish to place on record their appreciation for the dedicated services rendered by the work force during the year under review.

STATEMENT OF PARTICULARS OF EMPLOYEES PURSUANT TO SECTION 197 OF THE COMPANIES ACT, 2013 READ WITH RULE 5(2) OF COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014

Details of top ten employees in terms of remuneration drawn:-

Particulars of employees and analysis of remuneration as required under Section 197 (12) of the Companies Act, 2013 read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are enclosed as Annexure - V.

The particulars of the employees who are covered by the provisions contained in Rule 5(2) and rule 5(3) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are:

a) Employed throughout the year Nil

a) Employed for part of the year Nil

DISCLOSURE UNDER THE SEXUAL HARRASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

Your Company has always believed in providing a safe and harassment free workplace for every individual working in A Infrastructure Limited. The Company always endeavors to create and provide an environment that is free from discrimination and harassment including sexual harassment.

Your Director further state that during the year under review, there were no cases filed, pursuant to the Act and rules made thereof.

ACKNOWLEDGEMENT

Directors wish to express their grateful appreciation for assistance and co-operation received from various Departments of Central & State Governments and Banks during the year under review. Your Directors also wish to place on record their appreciation for the committed services of all the associates and vendors of the Company.

For and on behalf of the Board of Directors
Sd/- Sd/-
Place : New Delhi Munna Lal Goyal Sanjay Kumar Kanoria
Date : 29th May, 2019 Director Managing Director
DIN: 01427276 DIN: 00067203

   

A Infrastructure Ltd Company Background

Incorporation Year1980
Registered OfficeP O Hamirgarh,
Bhilwara,Rajasthan-311025
Telephone91-1482-286102,Managing Director
Fax91-1482-286104
Company SecretaryLokesh Mundra
AuditorK N Gutgutia & Co
Face Value5
Market Lot1
ListingBSE,
RegistrarBeetal Fin.& Comp. Ser.(P) Ltd
Beetal House 99 ,Madangir Behind LSC ,Nr Dada Harsukhdar ,Delhi - 110062

A Infrastructure Ltd Company Management

Director NameDirector DesignationYear
Priyadarshini Kanoria Whole-time Director 2018
Ram Krishna Independent Director 2018
Munna Lal Goyal Independent Director 2018
Lokesh Mundra Company Secretary 2018
Kuldeep Kaw Whole-time Director 2018
Nathu Lal Sharma Independent Director 2018
Pradeep Sahani Addtnl Independent Director 2018
Arun Kumar Shishoo Executive Director 2018

A Infrastructure Ltd Listing Information

A Infrastructure Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Asbestos Cement Roofing SheetsMT 000162.0324
Asbestos Cement Pressure PipesMT 00083.7694
Fibre MT 0008.1193
Others NA 0000.907
Other Operating Income NA 0000.4315
Income From Work Contracts NA 0000
Income on Completed Contracts NA 0000
Sale or Supply of Services NA 0000
Sales - Manufactured NA 0000
Short Lengths MT 0000
Adjustment NA 0000
Cement MT 0000
Pipe MT 0000
Sales - Traded NA 0000
Asbestos Cement Pressure PipesMtr0000
Sheet MT 0000
Couplings MT 0000
Couplings No 0000

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