Annual Report: 2022
Anugraha Valve Castings Limited - 30th Annual Report Summary:
Overview:
The report is the 30th annual report for Anugraha Valve Castings Limited, covering the financial year 2021-22. It includes the notice for the Annual General Meeting (AGM) to be held on September 24, 2022, the Board's report to the shareholders, and the audited financial statements. The company CIN is U27109TZ1992PLC003873.
Board of Directors and Committees:
The Board of Directors includes Shri R. Baskaran (Chairman & Managing Director), Shri B. Anandkumar (Joint Managing Director), Shri R. Vidhya Shankar and Shri L. Kamesh (Independent Directors), Shri Ramnath Dureja and Shri Ajay J Shah (Non-Executive Directors). There is an Audit Committee and a Nomination and Remuneration Committee, with their respective members listed.
Notice of Annual General Meeting (AGM):
The AGM will cover ordinary business, including adopting the financial statements for the year ended March 31, 2022, appointing a director (Shri Ajay J Shah) who retires by rotation, and appointing the statutory auditor and fixing remuneration. Special business includes the re-appointment and remuneration of Shri R. Baskaran and Shri B. Anandkumar as Chairman & Managing Director and Joint Managing Director, respectively, for a period from 01/10/2022 until 30/09/2027, subject to approval by the members of the company. Their remuneration details, including salary and perquisites, are provided, and subject to the provisions of the Companies Act, 2013. The register of members and share transfer books will be closed from September 17, 2022, to September 24, 2022.
Board's Report:
The Directors present the 30th Annual Report and Audited Financial Statements for the year ended March 31, 2022.
Independent Auditor's Report:
CA R. Maheswaran provides the independent auditor's report, stating that the financial statements present a true and fair view of the company's affairs in accordance with accounting principles generally accepted in India. The report includes annexures detailing compliance with the Companies (Auditor's Report) Order, 2020, and a report on internal financial controls.
Financial Statements:
The balance sheet, statement of profit and loss, and cash flow statement are included, along with detailed notes. Key financial figures are presented in Lakhs.
Corporate Social Responsibility (CSR) Activities:
The Annual Report on Corporate Social Responsibility ("CSR") Activities, in accordance with Section 135 of the Companies Act, 2013 is outlined including; a brief outline of CSR Policy of the Company, Broad Objectives, Size of the CSR Budget, and more.
Other Annexures:
Annexure IV provides a form for shareholders to provide their information. Annexure VI provides details on Conservation of Energy, Technology Absorption, and Foreign Exchange Earnings and Outgo. There is also an Annexure detailing key definitions and information for understanding the Financial Statements of the Company.
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