Annual Report: 2024
The following summarizes the key points from the Directors' Report and financial statements of Lava International Ltd. for the year ended March 31, 2024.
Board of Directors and Key Personnel: The document lists the Board of Directors as of the signing date (04.09.2024), including Whole Time Directors (Shailendra Nath Rai, Sunil Raina, and Sanjeev Agarwal), Non-Executive Directors (Sunil Bhalla, Vishal Sehgal, Deepika Gupta), and Independent Directors (Anupam Shrivastava, Ajay Kumar Singh, Rajiv Kumar Singh). Rajesh Sethi is the Chief Financial Officer and Ritesh Singh is the Company Secretary. The document includes a detailed listing of changes in the Board composition and Key Managerial Personnel during the year, including appointments, cessations, and retirements by rotation. For instance, Rahul Kansal and Vinod Rai ceased to be Independent Directors on 22.08.2023, and Deepika Gupta was appointed as an Additional Non-Executive Director on 20.05.2024. Sunil Raina had various appointments/cessations related to Whole Time Director positions during the year before ultimately being appointed Whole Time Director on 28.02.2024. Financial Highlights: The report presents a comparison of standalone and consolidated financial results for the financial years 2023-24 and 2022-23 in millions of Rupees.
Independent Auditor’s Report
Specific concerns and non-compliance raised by auditor
Key Financial Data (Standalone in millions of Rupees): The following data is from the Standalone Balance Sheet as at 31 March 2024:
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.
