Annual Report: 2024
Taparia Tools Limited Annual Report 2023-2024
The annual general meeting will be held on Monday, 29th July 2024 at 11:30 A.M. through video conferencing, the venue will be the registered office in Nashik.
Ordinary Business:
Special Business: 4. Appointment of statutory auditors of the company, appointing M/s. Batliboi & Purohit for a term of 5 consecutive years. 5. Re-appointment of Shri Sachin Shrinivas Bhattad as an independent director, to hold office for a second term of 3 consecutive years. 6. Appointment of Shri Narayan Tulsiram Atal as an independent director for a period of 3 consecutive years.
The register of members and share transfer books of the company will remain closed from Tuesday, 23rd July 2024 to Monday, 29th July, 2024.
The board of directors proposed the appointment of M/s. Batliboi & Purohit as the statutory auditors of the company. Batliboi & Purohit have confirmed they are not disqualified to be appointed as auditor.
SEBI has mandated certain service requests including transmission or transposition of securities held in physical form shall be processed by issuing securities in dematerialized form only.
The remote e-voting period commences on Friday, 26th July 2024 (9.00 a.m. IST) and ends on Sunday, 28th July 2024 (5.00 p.m. IST).
M/s. Harshil Shah & Company are the statutory auditors of the company since Financial Year 2019-2020.
The board recommends the passing of the ordinary resolution at Item No.4 for the approval of members regarding the appointment of M/s. Batliboi & Purohit as the statutory auditors of the Company.
The Board recommends passing of the resolution as set out in Item No. 5 as a Special Resolution regarding the reappointment of Sachin S. Bhattad as an Independent Director.
The Board recommends passing of the resolution as set out in Item No. 6 as a Special Resolution regarding the appointment of Narayan Tulsiram Atal as an Independent Director.
Financial Performance for 2023-2024: The company's total revenue was Rs. 83,766.86 Lakh, representing an increase of 8.95% over the previous year. The total comprehensive income after tax is Rs. 10,034.33 Lakh, an increase of 39.20% compared to Rs. 7,208.70 Lakh in the previous year.
The company invested surplus funds generated from its operating activities in various Mutual Funds: Liquid and Arbitrage funds, with a balance of Rs.14,420.86 Lakh.
Corporate Governance: The company has complied with Corporate Governance requirements as set out under Chapter IV of the SEBI Listing Regulations, 2015.
Dematerialization of Shares: The Promoters and Promoter group have dematerialized 97.08% of their shareholding.
Public Deposits: The company has not accepted any deposits within the meaning of Sections 73 and 74 of the Companies Act, 2013.
Change in Directors and Key Managerial Personnel: Various changes in directors, including the appointment of D.P. Taparia as Managing Director, and Bharat Taparia and Rahul Maheswari as Non-Executive Directors. It is also proposed to re-appoint Shri Sachin S. Bhattad as an Independent Director.
During the year, the Independent Directors had no pecuniary relationships or transactions with the company except the sitting fees received by them for attending Board and Committee Meetings
During the financial year 2023-2024, the company made an allotment of Bonus Equity Shares in the ratio of 4:1.
Risk Management: The company has framed a risk management policy.
Corporate Social Responsibility (CSR): The company contributed Rs.170.52 Lakh during F.Y.2023-2024 towards the corpus of various trusts, and the CSR policy is placed on the Company's website.
There were no complaints referred to the Sexual Harassment Committee.
The Company posted better results in the financial year 2023-2024 and is concentrating to achieve a higher position in the Hand Tools Market and multiply its turnover through effective and qualified manpower.
Meetings: Six Meetings of the Board of Directors were held during the year 2023-2024.
Auditors' Report: There has been no qualification, reservation, adverse remark or disclaimer given by the Statutory Auditors in their Report for the year under review.
The total number of permanent employees on the role of the Company as on 31st March, 2024: 280 Nos. The company also encourages the use of core values and all employees are trained and encouraged to use these values in their daily operations, and Taparia Tools Limited has a favorable work environment that encourages innovation and meritocracy.
Dividend Declared in Past Three Years: A summary of dividend declared and paid for the years 2021-22, 2022-23 and 2023-24 is provided.
The General Shareholders Information includes Annual General Meeting details, financial calendar for 2024-2025, and date of closure from Tuesday, 23rd July 2024 to Monday, 29th July, 2024. Final Dividend, if approved by Members, will be paid on or before 24th August, 2024.
The Equity Share Capital states that a total of 1,51,78,750 (Last year: 30,35,750) Ordinary (Equity) Shares of Rs. 10/- Each fully paid-up, is equivalent to 1,517.88 Lakh. The Notes to the Financial Statements is provided and include a listing of the Board members, Shareholdings and other information as required.
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
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.
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.
