Annual Report: 2024
The following is a summary of the Down Town Hospital Limited Annual Report for 2023-2024.
Company Overview
Down Town Hospital Limited is incorporated under the Companies Act, 1956, with primary objectives including running a sophisticated, modern hospital, related ancillary businesses, tourism, and real estate. The registered office is located at G.S. Road, Dispur, Guwahati, Assam-781006. The Thirty Eighth Annual General Meeting is scheduled for September 16, 2024.
Board of Directors
The Board of Directors includes Dr. N.N. Dutta (Chairman & Managing Director), Mrs. B. Dutta (Whole Time Director), Ms. M. Dutta (Executive Director), Ms. G. Dutta, Mr. J. Dutta, Mr. B. Datta, Dr. B.K. Gogoi and Ms. S.Tamuli (Nominee of Assam Industrial Development Corporation Ltd).
Auditors
M/S Debashis Mitra & Associates, Chartered Accountants, Guwahati, serves as the statutory auditors of the company.
Ordinary Business
The ordinary business to be conducted at the Annual General Meeting includes:
Special Business
The special business to be transacted includes:
Financial Performance
The financial highlights of the company during the year under review are:
Capital Expenditure
During the year, the Company acquired several medical and other equipment including an ECG Machine for cathlab, an AED for Accident & Emergency, and a access-2 analyzer for laboratory, two digital dectars for X-Ray system, one biphasic defibrillator for Accident & Emergency department, one audiometer & BERA for Audiology Department, one Auto refractometer for eye OPD, installed two Effluent Treatment Plants, acquired one 35 watt Holium Laser and one diathermy for the OT and one anthroscopy scope, pump and instruments for the ortho OT.
Reserves
The Board decided to carry ₹88.26 lakhs to its reserves.
Board Meetings & General Meeting
5 Board meetings were held during the Financial Year 2023-24. The previous Annual General Meeting was held on 25-08-2023, with 12 members present holding 75.91% equity share capital. The upcoming AGM is scheduled for 16th September 2024.
Risk Management, CSR, and Other Disclosures
Auditor's Report
M/s Debashis Mitra & Associates have issued an unmodified opinion on the financial statements. There are some "emphasis of matter" items relating to trade receivables, trade payables, advances to related parties, GST reconciliation, and bad debts. The auditor’s report also mentions a delay of 5 days in transferring unpaid dividend of ₹88,099/- to the Unpaid Dividend Account and notes that the company is yet to get all of its physical shares dematerialized. The company has used an accounting software with audit trail (edit log) facility which operated throughout the year.
Director Changes
Mr. Joutishman Dutta & Prof. Bandana Dutta retire by rotation and are eligible for re-appointment. Dr. B. K. Gogoi was appointed as Additional Director with effect from 25th August, 2023.
Compliance
The Company has complied with applicable principles of Secretarial Standards issued by the Institute of Company Secretaries of India.
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