Annual Report: 2023
The Bombay Swadeshi Stores Limited's 117th Annual Report for the financial year 2022-23 provides an overview of the company's performance, business operations, and financial standing. The report includes the Directors' Report, Auditors' Report, Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, and Notes to Financial Statements.
Corporate Information: The Board of Directors consists of Mrs. Madhu Chandak, Mrs. Manjri Chandak, and Mrs. Jyoti Kabra. M/s. Banshi Jain & Associates are the Statutory Auditors. The Registered Office is located at Western India House, Sir Pherozeshah Mehta Road, Fort, Mumbai. The Corporate Office is located at Hubtown Solaris, Prof NS Phadke Marg, Andheri East, Mumbai.
Notice: The 117th Annual General Meeting (AGM) will be held on Tuesday, 26th September, 2023 at 11:00 a.m. IST through video conferencing (VC) or other audio-visual means (OAVM). The ordinary business includes receiving and adopting the audited financial statements for the year ended 31st March, 2023, and appointing a Director in place of Mrs. Madhu Chandak, who is retiring by rotation.
Directors’ Report: Bombay Swadeshi Stores Limited demonstrated strong performance with a revenue of ₹70.14 crore in FY 2023, a 167% growth compared to the previous year. The company maintains 22 stores and has not opened or closed any stores during the year. No dividend is recommended to conserve resources. There was no change in the nature of the business. Bombay Store Retail Company Limited (BSRCL) ceased to be a subsidiary during the financial year. The Board of Directors met 5 times during the financial year. M/s. Banshi Jain & Associates were re-appointed as Statutory Auditors. The total foreign exchange earned during the year was ₹1,035.63 Lakhs. The company has complied with the constitution of the Internal Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.
Financial Performance (₹ in Lakhs): | Particulars | FY 2022-23 | FY 2021-22 | | :---------------------- | :--------- | :--------- | | Revenue from Operation | 7,014.44 | 2,623.76 | | Other Income | 27.17 | 23.86 | | Total Revenue | 7,041.61 | 2,647.63 | | Expenses | 5,903.97 | 3,321.29 | | Profit/(Loss) before tax| 1,137.64 | (673.66) | | Tax Expense | 258.54 | (163.31) | | Profit/ (Loss) after Tax| 879.10 | (510.35) |
Auditor's Report: The auditor's report states that the financial statements provide a true and fair view of the company's financial position and performance. The report confirms compliance with accounting standards and the Companies Act, 2013.
Financial Statements: The balance sheet and statement of profit and loss provide detailed figures for the company's assets, liabilities, equity, revenue, and expenses. Key figures from the Balance Sheet include: Share Capital (₹98.80 Lakhs), Reserves & Surplus (₹570.82 Lakhs), and Total Assets (₹3,257.89 Lakhs). The Cash Flow Statement outlines the cash inflows and outflows from operating, investing, and financing activities.
Access essential information and documents to make informed investment decisions
Stay updated with upcoming events, conferences, and announcements
Access quarterly and half-yearly financial statements and reports
Download comprehensive annual reports and financial summaries
Access investor presentations, corporate briefings, and slideshows
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
