Join our Whatsapp Community for Daily Price Sheets and News

A V Thomas & Co. Limited Unlisted Shares

Annual Report: 2022

Year: 2022

Annual Report Summary

A.V. Thomas and Company Limited's 87th Annual Report & Accounts for 2021-2022 outlines the company's financial results, operations, and key decisions made during the fiscal year. The report includes a notice to shareholders regarding the upcoming Annual General Meeting (AGM), which will be held via video conferencing.

Board of Directors, Committees, and Key Personnel:

  • The Board of Directors includes Mr. Ajit Thomas (Executive Chairman) and Mr. Dilip Thomas (Executive Vice - Chairman) among others.
  • The Audit Committee comprises Mr. Ajit Thomas and Mrs. Kavitha Vijay who took their positions as of 01.04.2022, as well as Mr. F.S. Mohan Eddy as of 31.03.2022.
  • Suri & Co. are the statutory auditors, and M/s. V Suresh Associates conducted the Secretarial Audit.
  • Key banking partners are the Bank of Baroda and The Federal Bank Limited.
  • Registrar & Share Transfer Agent: Cameo Corporate Services Limited.

Notice to Shareholders & AGM Business:

  • The AGM will address the adoption of audited financial statements, the confirmation of an interim dividend of Rs. 100 per Equity Share (1000%) already paid, and the declaration of a final dividend.
  • Shareholders will vote on the re-appointment of Mr. Ajit Thomas as Executive Chairman and Mr. F.S. Mohan Eddy as Independent Director.
  • Appointment with re-designation of Mrs. Kavitha Vijay, as an Independent Director - 1 st Term.
  • Approval of the remuneration payable to M/s.Rajendran, Mani & Varier, as Cost Auditors for the Financial Year 2022-2023

E-Voting and AGM Participation:

  • Due to the COVID-19 pandemic, the AGM will be held through video conferencing, without the physical presence of members.
  • E-voting facilities are provided through Central Depository Services (India) Limited (CDSL).
  • The voting period is from Tuesday, 19th July 2022 to Thursday, 21st July 2022.

Important Dates & Information for Shareholders:

  • The Register of Members and Share Transfer Books will be closed from 16th July 2022 to 22nd July 2022.
  • The cut-off date for voting rights is 15th July 2022.
  • Shareholders are requested to notify any changes in their address or bank account details to the company's Share Transfer Agent.
  • Dividend, if approved, will be paid within 30 days of the AGM.

Particulars of Directors Seeking Re-Appointment:

  • Mr. Ajit Thomas, with a DIN of 00018691, has vast experience in Plantations, Industry, Administrative matters, Finance and Business Management.
  • Mr.F.S.Mohan Eddy, with a DIN of 01633183, has vast experience in building organisations across various sectors from manufacturing to technology.
  • Mrs. Kavitha Vijay, with a DIN of 01047261, has Expertise in handling Corporate Law matters in varied Industry verticals

Financial Performance & Results:

  • The company's financial results for the year ended 31st March 2022, with comparative figures for the previous year are outlined in the report, including income from operations, other income, and profit before and after tax.
  • Income from Operation for 2021-22 was Rs. 992,41.07 lakhs compared to Rs. 946,04.78 lakhs for 2020-21.
  • Profit after tax for 2021-22 was Rs 44,70.40 lakhs compared to Rs 39,08.30 lakhs for 2020-21.
  • An interim dividend of Rs.100/- per equity share (1000%) was paid during the financial year ended 31st March, 2022. A final dividend of Rs.150/- per equity share has been recommended.
  • The Consumer Products Division experienced a 4% drop in volume due to the pandemic. Volume for Roofing also had a drop around 6%.

Subsidiary/Associate Companies:

  • A consolidated financial statement has been prepared for its Joint venture (AVT Gavia Foods (P) Limited) and Associate Companies (A.V. Thomas Investments Company Limited).

Board Meetings & Committee Composition:

  • The Board of Directors met four times during the financial year.
  • The Audit Committee consists of three members: Mr.P. Shankar, Mr. A.D.Bopana, Mr.F.S. Mohan Eddy.

Other Important Information:

  • Transactions with related parties were conducted at arm's length pricing basis.
  • There were no significant material orders passed by the Regulators/Courts which would impact the going concern status of the Company.
  • The company has no activities relating to conservation of energy and technology absorption.
  • The earnings in foreign exchange on FOB value of Exports during the year amounted to Rs1684.93 lakhs.

Risk Management and CSR:

  • The Risk Management is overseen by the Audit Committee.
  • The CSR Committee consists of three members: Mr. Ajit Thomas, Mr. Dilip Thomas and Mr.P. Shankar. The company has undertaken CSR projects through implementing agency.

Auditors Report and Compliance:

  • There are no qualifications, reservations or adverse remarks in the Auditors Report.
  • As per the Secretarial Audit Report, the company complied with various statutory provisions and has proper Board-processes and compliance mechanism in place.

Our Blogs

Our blog provides insightful information about unlisted shares, offering a deeper understanding of how these assets work, their potential benefits, and the risks involved. Whether you're new to unlisted shares or looking to expand your knowledge, we cover topics such as investment strategies, valuation methods, market trends, and regulatory aspects. Stay updated with expert tips and guides to navigate the unlisted share market effectively.

FAQ's

What are unlisted shares?

+

Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.

How can I buy unlisted shares?

+

You can buy unlisted shares through a broker or platform that specializes in unlisted share transactions. We provide a secure and easy way to purchase unlisted shares from top companies, ensuring a smooth transaction process.

What is the share price of unlisted companies?

+

The share prices of unlisted companies can fluctuate based on various factors like market demand, company performance, and private transactions. You can check the latest share prices for unlisted companies on our website for real-time updates.

Are unlisted shares a good investment?

+

Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.

How can I sell unlisted shares?

+

To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.

What are the risks of investing in unlisted shares?

+

Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.

What is the share price of unlisted companies?

+

Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.

How do I know the current value of unlisted shares?

+

The value of unlisted shares is typically determined by private transactions, financial reports, and market demand. We provide the latest updates on share prices of unlisted companies, giving you the most accurate valuation available.

Is there a minimum investment amount for unlisted shares?

+

The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.

Can I get a dividend from unlisted shares?

+

Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.

How do I know which unlisted shares are worth investing in?

+

It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.

Are unlisted shares taxed?

+

Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.

WhatsAppContact Us