Annual Report: 2023
Frick India Limited's 60th Annual Report for 2022-23 covers company information, financial highlights, directors' report, and various annexures related to corporate governance, social responsibility, and financial statements. The Annual General Meeting is scheduled for September 25, 2023, via video conferencing.
Key Financial Highlights:
Board of Directors and Committees:
The report details the composition of the Board of Directors, including Managing Director Mr. Jasmohan Singh, Non-Executive Directors Ms. Jasleen Kaur Queenie Singh and Ms. Gurleen Kaur, and Independent Directors Mr. Ramesh Chandra Jain, Mr. Govindarajula Bhaskara Rao and CA. Divaker Jagga. Ms. Gurleen Kaur will retire at the AGM but is eligible for reappointment.
Committees include the Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee, with their respective members and chairpersons.
Corporate Social Responsibility (CSR):
The company's CSR policy and activities are outlined, with a commitment to allocate CSR funds towards donation and commissioning of PSA Oxygen Plant and promotion of Education. A total amount of CSR expenditure was incurred till March 31, 2023, amounting to INR 49,69,372/-
Environmental, Social, and Governance (ESG) Policy:
FIL is committed to energy-efficient and environmentally friendly refrigeration solutions, supporting the "Make in India" program. Adopts ESG practices into its business, aiming for ethical, environmental, and social responsibility, and is dedicated to long-term value creation.
Risk Management:
The report addresses various risks including input cost, financial, and legal/compliance risks, and outlines mitigation strategies.
Other Key Points:
The report includes instructions for shareholders regarding remote e-voting, attending the AGM through InstaMeet, and communication of any changes in address or bank details. It also covers unclaimed dividends and the process for claiming them from the IEPF Authority.
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