Annual Report: 2024
HICKS THERMOMETERS (INDIA) LIMITED - 62nd Annual Report Summary
Overview: The document is the 62nd Annual Report for Hicks Thermometers (India) Limited, providing information about the company's performance, financial results, corporate governance, and other relevant details for the financial year ended March 31, 2024. The report includes audited financial statements, Board's Report, Auditor's Report, and various annexures.
Notice of Annual General Meeting: The 62nd Annual General Meeting (AGM) of the members of Hicks Thermometers India Limited will be held on Monday, September 30, 2024, at 11:00 AM at the Registered Office of the Company in Aligarh to transact ordinary and special businesses.
Ordinary Businesses: To receive, consider, and adopt the audited financial statements for the year ended March 31, 2024. To appoint a director in place of Miss Ranjana Bansal [DIN: 01243291], who is retiring by rotation and offers herself for re-appointment.
Special Businesses: The resolutions for the appointments of Mr. Yatharth Gupta (DIN: 08741334), Mr. Bharat Bansal (DIN: 00387048), and Mr. Sher Singh (DIN: 00939677) as Directors are to be considered and approved.
Board's Report and Financial Highlights: The directors are pleased to present the 62nd Annual Report of Hicks Thermometers India Limited, along with audited accounts, for the financial year ended March 31, 2024. The company's financial performance is detailed, with key metrics including:
These figures are compared to the previous financial year 2022-23, demonstrating an increase in revenue and profit. The Board of Directors has decided not to declare a dividend in order to conserve the company's resources.
Corporate Governance and Committees: The company has reconstituted its key Board Committees, including the Audit Committee (AC), Nomination and Remuneration Committee (NRC), and Stakeholders Relationship Committee (SRC). While not legally required due to its current regulatory status, the Board voluntarily maintains these committees to uphold strong governance practices.
Directors' Responsibility Statement: The directors confirm that in the preparation of the annual accounts, applicable accounting standards have been followed, accounting policies applied consistently, proper and sufficient care has been taken for adequate accounting records, the annual accounts have been prepared on a going concern basis, and the systems devised are operating effectively.
Auditor's Report: The report includes an Independent Auditor's Report from Deepak Yashpal and Co., Chartered Accountants. The report expresses an opinion on the standalone financial statements of the company and highlights that the audit was conducted in accordance with the Standards on Auditing. There is an emphasis of matter indicating that the Debtors / Creditors balances are subject to reconciliation, confirmation and consequential adjustment.
Other Key Points:
Financial Statement Details (Key figures as of March 31, 2024):
The information provided outlines the major aspects and findings detailed in Hicks Thermometers India Limited’s 62nd Annual Report.
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.
