Sigachi Laboratories Limited Unlisted Shares Annual Reports

Sigachi Laboratories Limited Unlisted Shares

The 30th Annual Report for 2023-2024 of Sigachi Laboratories Limited covers various aspects of the company's performance and governance. **Company Information:** * **Board of Directors:** Includes T.R. Sekhar (Executive Director), T. Govardhana Rao (Independent Director), Shilpa Bung (Independent Director), G. Mohan Rao (Independent Director), Sridevi Madati (Independent Director), P. C. Sai Babu (Director), and T. Adinarayana (Chairman). * **Key Managerial Personnel:** Ms. Lekha Sai Surapaneni (Company Secretary & Compliance Officer) and Mr. B. Kumar (Chief Financial Officer). * **Registered Office:** S.No. 530 & 534, Bonthapally, Gummadidala Mandal, Sangareddy District, Telangana. * **Factories:** Two units located in Telangana. * **Auditors:** NSVR & Associates, LLP, Chartered Accountants. * **Secretarial Auditors:** P.S. Rao & Associates, Company Secretaries. * **Registrars & Share Transfer Agents:** Venture Capital and Corporate Investments Private Limited. **Notice of Annual General Meeting (AGM):** * The 30th AGM will be held on Monday, September 9, 2024, at 4:00 P.M. via video conferencing (VC). * **Ordinary Business:** * Adoption of audited financial statements as of March 31, 2024, and the reports of the Board of Directors and Auditors. * Re-appointment of Sri. P.C. Sai Babu as Director. * **Special Business:** * Re-appointment of Sri. Tunuguntla Raja Sekhar as Executive Director for three years, effective from June 11, 2024, to June 10, 2027, with specific remuneration and perquisites details. * Re-appointment of Mr. G. Mohan Rao as an Independent Director for a second term of 5 years, from September 27, 2024 to September 26, 2029. * Approval to lease the company's first factory situated at Survey No. 530 & 534, Bonthapally and second factory situated at Survey no. 42, Alinagar, Kazipally **Financial Highlights (Director's Report):** * Total gross income for the financial year 2023-2024 was Rs. 436 lakhs, compared to Rs. 244.96 lakhs in the previous year. * Net profit after tax for 2023-2024 was Rs. 197.46 lakhs, compared to Rs. 131.00 lakhs in the prior year. * The company has leased its two factories since November 1, 2017 and generates income primarily from lease rents. * No dividend is recommended for the financial year 2023-2024 to conserve resources. * No changes in the nature of the business during the year. **Directors and Board Matters:** * Sri. P.C. Sai Babu will retire by rotation at the AGM and is eligible for re-appointment. * All Independent Directors have provided declarations of independence as per the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. * Five board meetings were held during the financial year 2023-2024. **Other Key Points:** * The company did not have any subsidiaries, associates, or joint ventures during the year. * The company did not accept any fixed deposits. * The company's shares are listed on the Metropolitan Stock Exchange of India Limited (MSEI). * The company has adopted an internal code of conduct for insider trading. * The company has not made any application or proceeding pending under the Insolvency and Bankruptcy Code, 2016. * The company did not have a Corporate Social Responsibility (CSR) Committee due to not meeting the threshold requirements. * A vigil mechanism is in place for directors and employees to report concerns. * The company has adopted a policy on prevention, prohibition, and redressal of sexual harassment. **Additional Annexures:** * Secretarial Audit Report (Annexure - I) by P.S. Rao & Associates confirming compliance. * Form AOC-2 (Annexure - II) for related party transactions. * Declaration of Code of Conduct (Annexure - III). * Management Discussion and Analysis Report (Annexure - IV). * Conservation of Energy, Technology Absorption, and Foreign Exchange Earnings and Outgo (Annexure - V). * Particulars of Employees (Annexure - VI). * Report on Corporate Governance (Annexure - VII). * Independent Auditors' Report. The report includes detailed financial statements, notes to accounts, and various disclosures mandated by the Companies Act, 2013 and SEBI regulations. It also details the company's efforts towards regulatory compliance, corporate governance, and risk management.

Sigachi Laboratories Limited Unlisted Shares

**Sigachi Laboratories Limited - 29th Annual Report Summary** **Letter of Submission:** A letter dated 04-09-2023 from Lekha Sai Surapaneni, Company Secretary of Sigachi Laboratories Limited, was sent to the Metropolitan Stock Exchange of India Limited, submitting the 29th Annual Report for the year 2022-2023. It enclosed the Notice of the 29th Annual General Meeting (AGM), which was electronically sent to the members. The AGM will be held on Wednesday, September 27th, 2023 at 4:00 p.m. via Video Conferencing. **Company Overview:** Sigachi Laboratories Limited is incorporated with CIN: L24230TG1994PLC018786 and has a corporate office in Hyderabad. It manufactures bulk drugs and drug intermediates. The company is listed on the Metropolitan Stock Exchange of India. **Board of Directors & Key Personnel:** * The board includes T.R. Sekhar (Executive Director), T. Govardhana Rao, Shilpa Bung, G. Mohan Rao, and Sridevi Madati as Independent Directors, P.L.V. Subba Rao as a Director, and T. Adinarayana as Chairman. * Key Managerial Personnel: Lekha Sai Surapaneni (Company Secretary & Compliance Officer), and B. Kumar (Chief Financial Officer). **Registered Office & Factories:** * The registered office and Unit-I are located at S.No. 530 & 534, Bonthapally, Gummadidala Mandal, Sangareddy District, Telangana - 502 313. * Unit-II is located at S.No.42, Ali Nagar, Gummadidala Mandal, Sangareddy District, Telangana. **Notice of the 29th Annual General Meeting (AGM):** The AGM will be held on Wednesday, September 27th, 2023, at 4:00 P.M. via video conferencing to transact the following business: * Ordinary Business: * To receive, consider, and adopt the Audited Financial Statements as at March 31st, 2023, along with the Reports of the Board of Directors and Auditors thereon. * To appoint a Director in the place of Sri. T. Adinarayana, who retires by rotation and is eligible for reappointment. * Special Business: * To consider the appointment of Mr. P.C. Sai Babu as a Non-Executive and Non-Independent Director, liable to retire by rotation. **E-Voting and Virtual Meeting Information:** * The AGM will be conducted through video conferencing (VC) or other audio-visual means (OAVM). Members can attend and participate in the ensuing AGM through VC/OAVM. * Remote e-voting facility is available to members. The company has entered into an agreement with Central Depository Services (India) Limited (CDSL) for facilitating e-voting. * The voting period begins on Sunday, September 24th, 2023 (9:00 a.m. IST) and ends on Tuesday, September 26th, 2023. * Members can join the AGM in the VC/OAVM mode 15 minutes before and after the scheduled time of commencement of the Meeting. * Institutional/Corporate Shareholders are required to send a scanned copy (PDF/JPG Format) of its Board or governing body Resolution/Authorization etc. **Director Appointments:** * The Board recommends the reappointment of Sri. T. Adinarayana. * The Board recommends the appointment of Sri. P.C. Sai Babu as Non-Executive and Non-Independent Director. **Annual Report Highlights (Director's Report):** * **Financial Performance:** * Total Income: Rs. 244.96 lakhs (compared to Rs. 303.78 lakhs in the previous year). * Profit before Tax: Rs. 173.24 lakhs (previous year: Rs. 237.39 lakhs). * Profit after Tax: Rs. 131.00 lakhs (previous year: Rs. 199.64 lakhs). * **Dividend:** No dividend is recommended for the financial year 2022-2023 to conserve resources. * **Nature of Business:** No change in the nature of the company's business. * **Share Capital:** The paid-up share capital remains at Rs. 6,75,31,000, consisting of 67,53,100 Equity Shares of Rs. 10 each. No fresh shares were issued during the year. * **Directors:** Sri. T. Adinarayana will retire by rotation and offers himself for reappointment. Sri. P.C. Sai Babu is recommended for appointment as Non-Executive and Non-Independent Director. * **Board Meetings:** Five Board Meetings were held during the year. * **Board Evaluation:** The Board carried out an annual performance evaluation of the Board, its committees, and individual directors. * **Key Managerial Personnel:** T.R. Sekhar (Executive Director), B. Kumar (CFO), and Lekha Sai Surapaneni (Company Secretary & Compliance Officer) are the Key Managerial Personnel. * **Subsidiaries/Joint Ventures:** The company has no subsidiaries, associates, or joint ventures. * **Fixed Deposits:** The company has not accepted any fixed deposits. * **Material Orders:** No significant material orders were passed by regulators or courts that would impact the company's going concern status. * **Internal Financial Controls:** The company has proper internal control systems in place. * **Directors' Responsibility Statement:** The directors confirm that the financial statements comply with applicable accounting standards and give a true and fair view of the company's affairs. **Other Information from the Report:** * Details about Stakeholders Relationship Committee and its composition. The committee received 3 complaints which were redressed. * Details on meetings of Independent Directors * Details relating to whistle blower policy, and related mechanism. * The company has adopted a policy on prevention, prohibition and redressal of sexual harassment at the workplace. * Details about remuneration of Directors. * The Directors acknowledge continued assistance from Government authorities, SEBI, and the Stock Exchange. **Auditor Information:** * NSVR & Associates LLP, Chartered Accountants, were appointed as statutory auditors for a period of 5 years at the 28th AGM held on September 28, 2022. **Secretarial Audit:** * P.S. Rao & Associates, Company Secretaries, conducted the secretarial audit for FY 2022-2023. The report is included as an annexure.

Sigachi Laboratories Limited Unlisted Shares

Twenty Eighth Annual Report of Sigachi Laboratories Limited discusses the business and financial performance of the company for the year ended March 31, 2022. **Company Information:** * **Board of Directors:** Lists the names and designations of the board members including T.R. Sekhar (Executive Director), T. Govardhana Rao (Independent Director), and T. Adinarayana (Chairman). * **Key Managerial Personnel:** Includes Lekha Sai Surapaneni (Company Secretary & Compliance Officer) and B. Kumar (Chief Financial Officer). * **Registered and Corporate Offices:** The report mentions the addresses of the registered office and corporate office. * **Factories:** Unit I and Unit II factory locations. * **Auditors:** Niranjan & Narayan (Chartered Accountants) and P.S. Rao & Associates (Company Secretaries). * **Bankers:** Axis Bank Limited and State Bank of India * **Registrars & Share Transfer Agents:** Venture Capital and Corporate Investments Pvt. Ltd. **Notice of Annual General Meeting (AGM):** * The 28th AGM will be held on September 28, 2022, via video conferencing. * Ordinary business to be transacted includes adopting audited financial statements, appointing a director (T. Adinarayana), and appointing statutory auditors M/s NSVR & Associates LLP. * The notice details the process for attending the AGM through VC/OAVM, e-voting procedures via CDSL and NSDL, and registering as a speaker. * Register of Members and Share Transfer Books will remain closed from Thursday, 22nd September, 2022 to Wednesday, 28th September, 2022 (both days inclusive). * Members can inspect documents by writing an e-mail to the company at sigachilaboratories@yahoo.co.in. **Directors’ Report:** * **Financial Highlights:** Sales/Income from operations decreased from 385.70 Lakhs (2020-2021) to 303.78 Lakhs (2021-2022). Profit after Tax decreased from 275.41 Lakhs to 199.64 Lakhs. * **Operating Results:** Gross Income of Rs.303.78 Lakhs, Net profit of Rs. 199.64 Lakhs. Two factories are leased out. The company has provided Demand Loans/(ICDs) to various parties. * **Dividend:** No dividend recommended for the Financial Year 2021-2022. * **Share Capital:** Paid up share capital is Rs.6,75,31,000/- consisting of 67,53,100 Equity Shares of Rs. 10/- each. No fresh shares issued. * **Directors:** T. Adinarayana retires by rotation and offers himself for reappointment. The board recommends his appointment. Independent directors have provided declarations of meeting independence criteria. * **Board Meetings:** Six Board Meetings were held. * **Board Evaluation:** Annual performance evaluation of the Board, individual directors, and committees was carried out. * **Key Managerial Personnel:** T.R. Sekhar, B. Kumar, and Miss. Lekha Sai Surapaneni are designated as key managerial personnel. * **Subsidiaries:** No subsidiaries, associates, or joint ventures. * **Fixed Deposits:** No fixed deposits accepted. * **Orders by Regulators/Courts:** No significant material orders impacting going concern status. * **Internal Financial Controls:** The company has proper internal control systems in place. * **Directors' Responsibility Statement:** Directors confirm compliance with accounting standards, maintenance of records, and going concern basis. * **Auditors:** Niranjan and Narayan complete their tenure. NSVR & Associates LLP is recommended as Statutory Auditors. Auditors' report is unmodified. * **Secretarial Auditors:** P.S. Rao & Associates are appointed as Secretarial Auditors. * **Audit Committee:** Comprises of T. Govardhana Rao (Chairman), Smt. Shilpa Bung, Sri. T. Adinarayana, and Sri. G. Mohan Rao. * **Nomination and Remuneration Committee:** Reconstituted, with Sri. T. Govardhana Rao as Chairman. * **Stakeholders Relationship Committee:** Comprises of T. Govardhana Rao (Chairman), Smt. Shilpa Bung, and Sri. T. Adinarayana. Focuses on shareholder grievances. * **Corporate Social Responsibility (CSR):** Not required to constitute a CSR committee. * **Meeting of Independent Directors:** Independent Directors met separately on March 30, 2022. * **Risk Management Policy:** Implemented. * **Vigil Mechanism:** A Vigil Mechanism for directors and employees is established. * **Sexual Harassment Policy:** A policy on Prevention, Prohibition and Redressal of Sexual Harassment is adopted. * **Insider Trading Regulations:** The Company has adopted a Code in accordance with SEBI regulations. * **Declaration of Compliance of Code of Conduct:** The Company has adopted a Code of Business Conduct and Ethics (the Code). * **Material Changes and Commitments:** There have been no material changes affecting the financial position of the company. * **Impact of COVID-19 Pandemic:** Impact of Covid-19 pandemic have been taken into account in financial results. **Additional Disclosures & Annexures:** * Details of loans, guarantees, and investments. * Listing of Equity Shares. * Particulars of Employees and remuneration details. * Corporate Governance report. * Details of application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 * Details of difference between amount of the valuation done at the time of One Time Settlement and the valuation done while taking loan from the banks or Financial institutions along with the reasons thereof. * Address for Correspondence and Any query on Annual Report. * Registrar and Share Transfer Agents. * Details of shares held in Demat mode with CDSL and NSDL. * Various annexures providing detailed information on specific aspects of the company's operations and governance. * Auditors report on the financial statements for the financial year ended March 31, 2022 including the key audit matters and auditors' responsibilities. * Certificate on Corporate Governance The report also includes detailed financial statements, including the balance sheet, statement of profit and loss, and cash flow statement, along with explanatory notes.

Sigachi Laboratories Limited Unlisted Shares

27th ANNUAL REPORT 2020-2021 Sigachi Laboratories Limited is holding its Twenty Seventh Annual General Meeting on Friday, the 24th day of September, 2021 at 3.00 P.M. through Video Conferencing ('VC')/Other Audio Visual Means ('OAVM') facility to transact the following business: **Ordinary Business** 1. To receive, consider and adopt the Audited Financial Statements as at 31st March, 2021, together with the Reports of Directors' and Auditors' thereon. 2. To appoint a Director in place of Sri. P.L.V. Subba Rao (DIN:07268648), who retires by rotation and being eligible, offers himself for reappointment as Director. **Special Business** 3. To consider and if thought fit, to pass, with or without modification(s), the resolution to reappoint Sri. Tunuguntla Raja Sekhar (holding DIN:02943146) as a Whole Time Director in the capacity and designation of Executive Director of the Company for a period of three years with effect from 11.06.2021 to 10.06.2024 on the following remuneration and other terms and conditions: * I. Salary: * Basic Salary of Rs.1,00,000/- (Rupees One Lakh only) per month with annual increment of 7.5% in the salary in accordance with the limits specified in Section II of Part II of Schedule V of the Companies Act, 2013, as amended from time to time. * House Rent Allowance (HRA) of Rs. 30,000/- (Rupees Thirty Thousand only) per month with perquisites as mentioned below: * II. Perquisites: * Medical Reimbursement * Club Fees * Car with driver for use on Company's business and telephone and internet connection at residence * Leave at the rate of 30 days per calendar year of service * Gratuity shall be payable at a rate not exceeding half month's Salary for each completed year of service * The Company shall reimburse actual entertainment and traveling expenses incurred by the Executive Director in connection with the Company's business. 4. To consider and if thought fit, to pass, with or without modification(s), the resolution to appoint Smt. Shilpa Bung (DIN:08257931) who was appointed as an Additional Director in the capacity of Independent Women Director with effect from 10th February, 2021 as a Director and Independent Women Director of the Company for a term of 5 consecutive years with effect from 10th February, 2021 to 9th February, 2026 and shall not be subject to retirement by rotation. 5. To consider and if thought fit, to pass, with or without modification(s), the resolution to appoint Ms. Sridevi Madati (DIN:02446610) as a Director and Independent Director of the Company, to hold office from the date of this Annual General Meeting i.e., 24th September, 2021 for a term of five consecutive years and not liable to retire by rotation. The Board of Directors consists of six directors, and the Key Managerial Personnel include Sri. T.R. Sekhar, Executive Director, Sri B. Kumar, Chief Financial Officer, and Miss. Lekha Sai Surapaneni, Company Secretary and Compliance Officer. The Directors' Report highlights that the company generated a total Gross Income of Rs.385.70 Lakhs during the financial year 2020-2021 as against Rs. 172.57 Lakhs during the financial year 2019-2020 and has earned a net profit of Rs. 275.41 Lakhs as against Rs. 70.66 Lakhs respectively as per IND AS. With a view to conserving resources for the long-term needs of the company, your directors do not recommend any dividend for the Financial Year 2020-2021. The Company also has whistle blower policy, Vigil Mechanism, and Sexual Harassment of Women at Workplace Policy. The Company has adopted a 'Internal Code of Conduct for Regulating, Monitoring and Reporting of Trades by Insiders' ("the Code") in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 (The PIT Regulations). The Board designated Sri. T. R. Sekhar, Whole Time Director in the designation and capacity of Executive director, Sri. B. Kumar, Chief Financial Officer and Miss. Lekha Sai Surapaneni, Company Secretary and Compliance Officer, as Key Managerial personnel of the Company under the provisions of the Companies Act, 2013. The Directors gratefully acknowledge the continued assistance and co-operation extended by various Government Authorities, SEBI, Stock Exchange, other regulatory authorities and bankers.