Annual Report: 2024
AUCKLAND JUTE CO. LIMITED - ANNUAL REPORT AND ACCOUNTS 2023-2024
Auckland Jute Co. Limited, with CIN - U17125WB1991PLC052401, presents its 33rd Annual Report and Accounts for the financial year 2023-2024. The report covers the company's business and operations, along with the audited financial statements for the year ended March 31, 2024.
Company Information:
The Board of Directors consists of Shri M.C. Parakh, Shri P.K. Bothra, and Shri U.K. Bothra. The company's bankers are HDFC Bank Ltd. and Canara Bank. The Registered Office is located at P.O. Jagatdal, Dist. 24 Parganas (North), West Bengal – 743 125, with email ail@aucklandjute.com. The Administrative Office is at 6, Little Russell Street, Kolkata – 700 071. Niche Technologies Private Limited, located at 3A, Auckland Place, 7th Floor, Room No. 7A & 7B, Kolkata – 700 017, (phone 2280-6616/17/18/19, email nichetechpl@nichetechpl.com) serves as the Registrar & Transfer Agents.
Notice of Annual General Meeting (AGM):
Notice is given for the 33rd Annual General Meeting (AGM) of the Members of Auckland Jute Co. Limited, to be held on Wednesday, July 31, 2024, at 12:00 P.M. via video conferencing (VC) or other audio-visual means (OAVM). The AGM will transact the following ordinary business:
The AGM will be conducted through VC/OAVM. The Register of Members and Share Transfer books will be closed from Thursday, 25th July, 2024 to Wednesday, 31st July, 2024 (both days inclusive). Remote e-voting facility is available to members for the business to be transacted at the AGM. The facility of participation at the EGM/AGM through VC/OAVM will be made available to at least 1000 members on a first-come, first-served basis.
Financial Performance (Rupees in Hundreds):
The company's performance for the financial year ended March 31, 2024, is summarized as follows:
The Directors do not recommend any dividend for the financial year ended March 31, 2024, and do not propose to transfer any amount to reserves.
Other Highlights:
Auditor's Report:
The report includes the Independent Auditor’s Report from M/s. R. Kothari & Co. LLP. The auditors express an opinion that the financial statements give a true and fair view of the company’s state of affairs as of March 31, 2024, and its profit and cash flows for the year ended on that date, in accordance with accounting principles generally accepted in India. The report includes annexures detailing specific aspects of the audit, including compliance with the Companies (Auditor's Report) Order, 2020, and reporting on internal financial controls.
Significant Accounting Policies:
The financial statements have been prepared as per Schedule III and the cash flow statement has been prepared as per the indirect method mention in AS 3 issued by ICAI.
Details of shareholders holding more than 5% shares in the company:
The directors express appreciation for the support and cooperation received from customers, shareholders, suppliers, bankers, financial institutions, government, and employees.
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