Annual Report: 2022
The Carrier Airconditioning & Refrigeration Ltd. annual report for 2021-22 covers various aspects of the company's performance and governance, including financials, operations, and compliance matters.
Financial Performance: The company's financial performance for the year ended March 31, 2022, shows a total net revenue from operations of Rs. 161,207 Lakh compared to Rs. 121,813 Lakh in the previous financial year. The Profit before tax for the year 2022 was Rs. 5,699 Lakh against Rs. 3,340 Lakh in the previous financial year. The total comprehensive income was Rs. 3,985 Lakh against Rs. 1,812 Lakh in the previous financial year. Basic earnings per share stood at Rs. 3.96.
Business Segment Updates:
Environment, Health & Safety (EH&S): The report highlights the company's commitment to EH&S, noting that the Carrier India Commercial HVAC division achieved "Zero Accident" goals for 2021 and clocked more than 32 million hours without Lost Time Accident. There are also several environmental goals which the company has been striving towards with data regarding percentage reduction in GHG, water consumption and hazardous waste.
Annual General Meeting (AGM): The 30th AGM is scheduled for September 21, 2022, via video conferencing. The notice details ordinary and special business to be transacted, including adoption of financial statements, re-appointment of a director (Mr. Pritesh Agrawal), declaration of dividend (Rs. 1 per equity share), and appointment of Mr. Siraj Azmat Chaudhry as an Independent Director. E-voting procedures are specified for shareholders.
Corporate Governance & Compliance: Key governance aspects include the composition of the Board of Directors and various committees like the Audit Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee. It covers policies related to nomination/remuneration, secretarial standards, auditor reports, risk management, and vigil mechanisms.
Corporate Social Responsibility (CSR): The CSR policy and activities are outlined, referencing Annexure A. The CSR committee composition is provided. Focus areas include promoting education, vocational skills, healthcare, sanitation and environmental sustainability. The accreditation for maintaining green building standards under the IGBC Green Factory Building Ratings is a milestone for the 33-year-old factory located on the Company's Gurugram campus.
Financial Statements & Disclosures: The report includes audited financial statements (balance sheet, statement of profit and loss, statement of cash flow, statement of changes in equity) and extensive notes to the financial statements, detailing accounting policies, financial instruments, contingent liabilities, and segment information. The auditor's report and annexures are included.
Directors' Report: The Directors' Responsibility Statement is provided, affirming compliance with accounting standards, maintenance of records, and adherence to applicable laws. Changes in the Board of Directors are noted, including the resignation of Mr. Pankaj Prakash Sahni and the appointment of Mr. Siraj Azmat Chaudhry as an Independent Director. The meeting attendance of each member is recorded.
Other Information: Details regarding unclaimed dividends and the process for claiming them are provided. Additionally, there is information on tax deductions at source for dividends.
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.
