Annual Report: 2021
Royalcare Super Speciality Hospital Limited's 9th Annual Report for 2020-21 includes a notice to shareholders for the Annual General Meeting to be held on September 25, 2021, discussing ordinary business like adopting financial statements and appointing directors (Dr.V.R.Pattabhiraman, Dr.N.Sudhakar, and Dr.M.Sudhakaran who retire by rotation and offer themselves for reappointment). Special business includes the appointment of Mr. T.Balachander as Director Finance and fixing his remuneration which is ₹2,00,000/- per month and the appointment of CMA G. Sivagurunathan as Cost Auditor for the financial year 2021-22 with a remuneration of ₹1,00,000 per annum plus GST and out-of-pocket expenses.
The Director's Report highlights financial results, revealing an increase in turnover from ₹174.55 Crores to ₹224.04 Crores, with a profit of ₹4.16 Crores compared to a loss of ₹17.23 Crores the previous year. No dividend is recommended. Cash and cash equivalents as of March 31, 2021, stand at ₹331.20 Lakhs. The company has not accepted any public deposits. The report affirms the Directors' responsibility for the annual accounts' preparation in accordance with accounting standards and that the annual accounts are prepared on a going concern basis. The board of Directors met seven times during the financial year. The report includes details of directors' attendance at Board Meetings, Committee Meetings, and the Annual General Meeting. Key Managerial Personnel are Dr.K. Madeswaran, Sri.T. Balachander, and CS. K. Rangasamy.
The report discusses the appointment of CA.P.Vishnu Adithan as Internal Auditor and CMA .G.Sivagurunathan as Cost Auditor. CS.R.Mahalingam is appointed as the Secretarial Auditor. The company affirms it has not bought back any of its securities and that authorized share capital remained unchanged during the year. Infomerics Valuation and Rating Private Ltd (IVR) has affirmed a credit rating of 'IVR BBB-' for long-term bank facilities and 'IVR A3' for short-term bank facilities. The hospital has made arrangements to obtain NABH Certification. Audit Committee and Nomination & Remuneration Committee compositions are detailed. There is no Corporate Social Responsibility Committee. No employees qualify for remuneration disclosure under Section 134 (3) of the Companies Act, 2013. There was a foreign exchange earning of ₹48.62 Lakhs, and the company has invested ₹26,00,000/- in M/s. VVSR Green Energy Private Ltd. The company provided an unsecured loan of ₹5.00 Crores to M/s. VVSR Green Energy Private Ltd. There was one complaint received related to the Sexual Harassment of Women at Workplace Act, 2013.
The Secretarial Audit Report (Form MR-3) states that the company has complied with statutory provisions and adheres to good corporate practices. The Independent Auditor's Report confirms a true and fair view of the company's financial position as of March 31, 2021. Key audit matters were addressed in the context of the audit of the financial statements as a whole. The auditor's report includes Annexure "A" detailing points on fixed assets, inventory verification, loans, compliance with Sections 185 and 186 of the Companies Act, 2013, cost records and statutory dues. Also, there is Annexure "B" outlining internal financial controls over financial reporting, concluding that the company has an adequate system in place and operating effectively. The extract of the annual return in form MGT-9 provides details on registration, principal business activities, and shareholding patterns. The financial statements include the Balance Sheet, Profit & Loss Statement, and Cash Flow Statement, accompanied by detailed notes. A significant portion of the report pertains to detailed schedules outlining fixed assets, investments, loans, shareholding patterns, and financial performance metrics, including a reconciliation of equity share capital, details of shareholders, and indebtedness.
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.
