Annual Report: 2022
Mohan Meakin Limited Estd. 1855 - 88th Annual Report Summary (2021-2022)
This is a comprehensive summary of the 88th Annual Report of Mohan Meakin Limited Estd. 1855, covering the fiscal year 2021-2022. The report provides an overview of the company's performance, financial highlights, and adherence to corporate governance standards.
Board of Directors and Key Personnel:
The Board comprised nine members as of March 31, 2022, including one Executive Director, four Non-Executive and Non-Independent Directors, and four Independent Directors. Shri Yash Kumar Sehgal is the Chairman and Independent Director. Shri Hemant Mohan is the Managing Director. Rajesh Kedia was elevated to Chief Financial Officer. Minas Kumar was elevated to Company Secretary after the demise of H.N. Handa. Mrs. Shalini Mohan and Shri Sanjeev Arya are retiring by rotation and are recommended for reappointment. Lalit Kumar Malhotra resigned as Independent Director.
Financial Performance:
Impact of COVID-19:
The report acknowledges the supply chain disruptions and market conditions caused by the COVID-19 pandemic but notes a limited impact in India due to the government's vaccination program.
Dividend:
The Board decided to put the matter of dividend on hold for the time being.
Board Meetings:
The Board met four times during the year.
Auditors:
Corporate Governance and Compliance:
Related Party Transactions:
Deposits from Public:
The Company has not accepted any deposits from the public.
CSR Activities:
Other Key Points:
Human Resources:
The company emphasizes enriching the quality of life of its employees, developing their potential, and maximizing their productivity.
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