To The Members of
Tinna Rubber and Infrastructure Limited
Your Directors take pleasure in presenting the 38th Annual
Report of your Company, together with the Audited Financial Statements for the Financial
Year ended March 31, 2025.
1. FINANCIAL RESULTS
(Rs. In Lacs)
Particulars |
F.Y. 2024-25 |
F.Y. 2023-24 |
Revenue from Operations |
50,499.33 |
36,413.15 |
Other Income |
444.09 |
132.37 |
Total Income |
50,943.42 |
36,545.52 |
Total Expenses |
45,150.00 |
31,521.58 |
Profit before exceptional
items and tax |
5,793.42 |
5,023.94 |
Less: Exceptional Items |
(120.00) |
- |
Profit before tax (PBT) |
5,673.42 |
5,023.94 |
Less: Tax Expenses |
(1,445.56) |
(1,235.28) |
Profit after tax (PAT) |
4,227.86 |
3,788.66 |
Add: Balance brought forward |
8,387.85 |
5,530.08 |
Add: Comprehensive income for
the year |
10.12 |
11.23 |
Less: Proposed dividend on
equity Shares |
(342.59) |
(942.12) |
retained earnings carried to
the balance sheet |
12,283.24 |
8,387.85 |
2. FINANCIAL REVIEW AND STATE OF COMPANY'S AFFAIRS
(A) STANDALONE RESULTS
During the financial year 2024-25, the revenue from operations for the
standalone basis was t 50,499.33 lacs, as compared to t 36,413.15 lacs in the previous
financial year; and Profit before tax was t 5,673.42 lacs as compared to t 5,023.94 lacs
in the previous financial year; and Profit after tax of stood to t 4,227.86 lacs as
compared to t 3,788.66 lacs of the previous Financial Year; and the cash and cash
equivalents at the end of year was t 203.71 lacs as compared to t 27.82 lacs of the
previous financial year
(B) CONSOLIDATED RESULTS
During the financial year 2024-25, the revenue from operations for the
consolidated basis was t 50,534.52 lacs, as compared to t 36,302.80 lacs in the previous
financial year; and Profit before tax was t 6,325.24 lacs as compared to t 5,269.04 lacs
in the previous financial year; and Profit after tax of stood to t 4,835.57 lacs as
compared to t 4,028.75 lacs of the previous Financial Year; and the cash and cash
equivalents at the end of year was t 211.08 lacs as compared to t 37.28 lacs of the
previous financial year
3. CHANGE IN THE NATURE OF BUSINESS
There has been no change in the nature of business of the Company
during the period under review.
4. TRANSFER TO RESERVES
The Company does not propose to transfer any amount to the General
Reserve.
5. DIVIDEND
The Board of Directors recommends a Final Dividend of t 4.00/- (40%)
per equity share of face value of t 10/- each fully paid up, for the year ended March 31,
2025. The Final Dividend shall be payable post shareholder approval at the ensuing annual
general meeting, to the eligible shareholders within prescribed timeline in accordance
with applicable laws.
6. SHARE CAPITAL
During the year under review, following changes were made in the share
capital of the Company:-
A. AUTHORISED SHARE CAPITAL
The authorized share capital of the Company stood t 20,00,00,000,
divided into 2,00,00,000 equity shares of t 10/- each fully paid up, during the year under
review.
B. ISSUED, SUBSCRIBED AND PAID UP SHARE CAPITAL
The issued, subscribed and paid up share capital of the Company stood t
17,12,95,000, divided into 1,71,29,500 equity shares of t 10/- each fully paid up, during
the year under review.
The Company, pursuant to resolution passed by Board of Directors in its
meeting held on February 08, 2025, and the shareholders of the Company, pursuant to the
special resolution passed through postal ballot notice on March 14, 2025, have authorized
the issuance and allotment of such number of equity shares of the Company of face value of
t 10 each, aggregating to an amount up to t 150,00,00,000 (Rupees One Hundred and Fifty
Crores), in one more or more tranches, by way Qualified Institutions Placements
("QIP"), under applicable laws pursuant to the Companies Act' 2013 and SEBI
(ICDR) Regulations, 2018 and SEBI (LODR) Regulations, 2015 or any other applicable laws,
as may be deemed appropriate depending on market conditions, subject to the receipt of
necessary approvals, including approval of members of the Company, and such other
regulatory and statutory approvals as may be required.
7. SUBSIDIARY, JOINT VENTURE AND ASSOCIATE
COMPANIES
The Company had a foreign subsidiary namely "Global Recycle LLC,
Oman", with 99% stake held by the Company, and another foreign subsidiary
namely "Tinna Rubber Arabia Ltd, Saudi Arabia" (non-operational) one (1)
associate Indian Company namely "TP Buildtech Private Limited" within the
meaning of Section 2(6) and 2(87) respectively of the Companies Act, 2013
("Act"), as on March 31, 2025. There was one (1) Joint Venture of the Company
namely "Mbodla Investments (Pty) Ltd, South Africa" with 49% stake of the
company, during the year under review.
The wholly owned subsidiary namely "Tinna Rubber BV,
Netherlands", which was non-operational, as per management approval, the company has
initiated the process of its closures as per applicable laws of host country; and the
cutoff date for liquidation is considered as February 28, 2025.
During the financial year ended on March 31, 2025, The Global Recycle
LLC, Muscat, Oman, 99% foreign subsidiary of the Company, was a material subsidiary in
accordance with Regulation 16 of SEBI (LODR) Regulations, 2015 as amended, based on the
eligibility criteria for immediately preceding accounting year i.e. March 31, 2024,
however the said subsidiary was not a material subsidiary under Regulation 24 of the SEBI
(LODR) Regulations, 2015, as amended, and thereby not mandated to comply the Corporate
governance requirements with respect to subsidiary of listed entity under such regulation.
Further, there has been no material change in the nature of the business of the
Subsidiaries & Associate Company. Policy for determining material subsidiaries of the
Company is available on the website of the Company www.tinna.in.
Pursuant to provisions of Section 129(3) of the Act, a statement
containing salient features of the financial statements of the Company's Subsidiary, Joint
Venture & Associate Company in Form No. AOC-1 is given in "Annexure-A"
attached to this report.
8. DISCLOSURES NUMBER OF MEETINGS OF THE BOARD OF
DIRECTORS
During the year seven (7) Board of Directors meetings were convened and
held, the details of meetings along with attendance of respective Directors, are given in
the corporate governance report annexed separately in the Annual Report. The intervening
gap between such meetings was within the period prescribed under the Companies Act, 2013,
as amended from time to time.
9. AUDITORS AND AUDITOR'S REPORT
A. STATUTORY AUDITORS
The Shareholders of the Company in their Thirty Fifth (35th)
Annual General Meeting (AGM) held on June 30, 2022, appointed M/s S.S. Kothari Mehta &
Co. LLP, Chartered Accountants, (Firm Registration Number:000756N/N500441) as a Statutory
Auditors of the company for the period of five consecutive years from the conclusion of 35th
Annual general Meeting till the conclusion of 40th Annual General Meeting.
The auditor's report are self-explanatory and does not require any
explanation or comments from the Board, under Section 134(3)(f) of the Companies Act, 2013
B. COST AUDITORS
Pursuant to Section 148(2) ofthe Companies Act, 2013 read with the
Companies (Cost Records and Audit) Rules, 2014, as amended, the Board in their meeting
held on May 27, 2024, on the recommendation of the Audit Committee, appointed M/s Pant S.
& Associates (Firm registration no. 101402), Cost Accountants to conduct the Audit of
the cost accounting records of the Company for the Financial Year 2024-25, and the said
appointment was subsequently approved/ratified by the shareholders in their Annual General
Meeting held on August 02, 2024.
The Company is maintaining of cost records as specified by the Central
Government under subsection (1) of section 148 of the Companies Act, 2013.
C. INTERNAL AUDITOR
Pursuant to Section 138 of the Companies Act, 2013 read with Rule 13 of
the Companies (Accounts) Rules, 2014, as amended, the Board of Directors in their meeting
held on November 09, 2024, on the recommendation of the Audit Committee, appointed Mr.
Rohit Batra, (ICAI Membership No. 552845), Chartered Accountants, an employee of the
Company, as Internal Auditor of the Company for the financial year 2024-25.
The scope of work and authority of the Internal Auditors is as per the
terms of reference approved by Audit Committee. The Internal Auditors periodically
monitors and evaluates the efficiency and adequacy of internal control system in the
Company, its compliance with operating systems, accounting procedures and policies of the
Company.
D. SECRETARIAL AUDITOR
Pursuant to the provisions of Section 204 of the Companies Act, 2013
read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel)
Rules, 2014, as amended, the Board of Directors in their meeting held on May 27, 2024,
appointed M/s. Ajay Baroota & Associates (Membership No. 3495 and COP No. 3945),
Company Secretaries, to undertake the Secretarial Audit of the Company for the financial
year 2024-25.
The Report of the Secretarial Audit in the Form No. MR- 3, carried out
is annexed herewith as "Annexure-B".
The secretarial audit report are self-explanatory and does not require
any explanation or comments from the Board, under Section 134(3)(f) of the Companies Act,
2013
0. DIRECTORS AND KEY MANAGERIAL PERSONNEL
Appointment
In accordance with the provisions of Section 152 of the Companies Act,
2013, Mr. Subodh Kumar Sharma (DIN: 08947098), Whole time Director, retires by rotation at
the forthcoming Annual General Meeting and being eligible, offers himself for
re-appointment. The proposal for his reappointment is placed for the approval of
shareholders in as per notice of AGM.
Mr. Bhupinder Kumar Sekhri (DIN: 00087088) the principal promoter and
Managing Director of the company, was re-appointed as Managing Director of the Company for
a consecutive period of 3 year with effect from April 01, 2025, by shareholders through
postal ballot notice on March 14, 2025 with the existing terms of remuneration.
Mr. Vaibhav Dange (DIN:03608571), who was appointed by the Board of
Director in their meeting held on May 03, 2024 on the recommendation of Nomination and
Remuneration Committee, as an Additional Independent Director of the Company, in the
category of Non-Executive with effect from May 03, 2024, for first term of consecutive 5
years, not liable to retire by rotation, was appointed/regularized as on Independent
Director, Non-Executive for first term of consecutive 5 year effective from March 03,
2024, in terms of approval of shareholders in annual general meeting held on August 02,
2024.
Mr. Sanjay Kumar Rawat, was appointed as Company Secretary and
Compliance Office of the Company, with effect from May 03, 2024.
Cessation
Mr. Ashok Kumar Sood (DIN: 05120752), ceased to be Independent Director
of the Company effective from the closing hours of September 28, 2024, upon completion of
his tenure. The Board hereby expresses their gratitude and appreciation for all the
co-operation, support and guidance provided to Board and Management, during their tenure
of service
The disclosure pursuant to the provisions of (i) the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 and (ii) Secretarial Standard
on General Meetings ("SS-2"), issued by the Institute of Company Secretaries of
India and approved by the Central Government is given in the Notice of Annual General
Meeting/ Corporate Governance Report.
11. DECLARATION GIVEN BY INDEPENDENT DIRECTORS UNDER SUB-SECTION (6) OF
SECTION 149 OF THE COMPANIES ACT, 2013
The Independent Directors have given declaration that they meet the
criteria of independence as specified in Section 149(6) of The Companies Act, 2013 and
Regulation 16(1) (b) of SEBI (LODR) Regulations, 2015. The Board is of the opinion that
the Independent Directors appointed during the year and other Independent Directors is of
integrity and possess the requisite expertise and experience (including the proficiency).
12. FAMILIARIZATION PROGRAMME FOR INDEPENDENT
DIRECTORS
The Company proactively keeps its Directors informed of the activities
of the Company, its management and operations and provides an overall industry perspective
as well as issues being faced by the industry on regular basis. The policy on
familiarization programmes is available on the Company's website www.tinna.in.
13. COMPANY'S POLICY ON DIRECTORS' APPOINTMENT AND
REMUNERATION AND OTHER DETAILS
The policy on Directors' appointment and remuneration and other matters
provided in Section 178(3) of the Companies Act, 2013 has been disclosed in the Corporate
Governance Report, which forms a part of this report and is available on the website of
the Company www.tinna.in
14. PERFORMANCE EVALUATION OF BOARD, ITS COMMITTEES AND DIRECTORS
Pursuant to the provisions of the Companies Act, 2013 and SEBI (LODR)
Regulations, 2015, the Board carried out an annual performance evaluation of its own
performance, the individual Directors as well as the working of the Committees of the
Board. The performance evaluation of the Independent Directors was carried out by the
entire Board. The performance evaluation of the Chairman and the Non-Independent Directors
was carried out by Independent Directors. The Board of Directors .expressed their
satisfaction with the evaluation process.
15. PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION
AND FOREIGN EXCHANGE EARNINGS AND OUTGO
Information in accordance with the provisions of Section 134(3)(m) of
the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 regarding
conservation of energy, technology absorption and foreign exchange earnings and outgo is
given in the statement annexed hereto as "Anne.xure-C" and forms a part
of this report.
16. CORPORATE SOCIAL RESPONSIBILITY INITIATIVES
The Company has formulated CSR Policy in terms of applicable provisions
of Section 135(4) of the Companies Act, 2013 read with Rule 6 of the Companies (Corporate
Social Responsibility) Rules, 2014 indicating the activities to be undertaken by the
Company as specified in Schedule- VII of the Act.
The Annual Report on CSR activities undertaken the Company during the
financial year ended March 31, 2025 in accordance with applicable provisions of Act is
enclosed as "Anne.xure.-D". The CSR Policy is available on the website of
the Company at www.tinna.in
17. DEPOSITS
During the year under review, your Company has neither accepted nor
renewed any deposits from the public within the meaning of Section 73 of the Act and
Companies (Acceptance of Deposits) Rules, 2014.
18. PARTICULARS OF EMPLOYEES
In terms of the provisions of Section 134, 197(12) of the Companies
Act, 2013 read with Rules 5(2) and 5(3) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014, a statement showing the details of the employees
drawing remuneration in excess of the limits set out in the said rules and relevant
disclosures pertaining to the remuneration and the other details are provided in the "Annexure-E"
forming part of the Annual Report.
19. EXTRACT OF ANNUAL RETURN
In accordance with the provisions of Section 134(3)(a) of the Companies
Act, 2013, the extract of the annual return in Form No. MGT-7 is available on the website
of the company at www.tinna.in
20. CORPORATE GOVERNANCE
Your Company has complied with the requirements of SEBI (Listing
Obligation and Disclosure Requirements) Regulations, 2015, with regard to Corporate
Governance practices. A report on the Corporate Governance practices and Certificate from
Company Secretary in practice on compliance of mandatory requirements thereof is also
given in "Anne.xure.-F' and "Anne.xure.-F3" respectively this
report.
21. MANAGEMENT DISCUSSION & ANALYSIS
A detailed report on the Management Discussion & Analysis is
provided in "Annexure-G" to the Directors' Report
22. DISCLOSURE ON COMPLIANCE OF SECRETARIAL
STANDARDS
The Directors state that applicable Secretarial Standards, i.e. SS-1
and SS-2, relating to 'Meetings of the Board of Directors' and 'General Meetings',
respectively issued by the Institute of Company Secretaries of India, have been duly
followed and complied by the Company. The Company has devised proper system to ensure
compliances and that such systems are adequate and operating effectively.
23. DIRECTORS' RESPONSIBILITY STATEMENT
Pursuant to the requirements under Section 134(3(c) and 134(5) of the
Companies Act, 2013, your Directors hereby state and confirm that:
a) In the preparation of the annual accounts, the applicable accounting
standards have been followed and there was no material departure.
b) Such accounting policies have been selected and applied consistently
and judgements and estimates have been made, that are reasonable and prudent to give a
true and fair view of the Company's state of affairs as at March 31, 2025 and of the
Company's profit or loss for the year ended on that date.
c) Proper and sufficient care has been taken for the maintenance of
adequate accounting records, in accordance with the provisions of the Companies Act, 2013
for safeguarding the assets of the Company and for preventing and detecting fraud and
other irregularities.
d) The annual accounts have been prepared on a going concern basis.
e) That internal financial controls to be followed by the Company had
been laid down, and that such internal financial controls were adequate and were operating
effectively.
f) Your directors had devised proper to ensure compliance with the
provisions of all the applicable laws and that such systems were adequate and operating
effectively.
24. PARTICULARS OF LOANS, GUARANTEES OR
INVESTMENTS UNDER SECTION 186
The details of Loans, guarantees and investments covered under the
provisions of Section 186 of the Companies Act, 2013 are given in the relevant notes to
the Financial Statements forming part of this report.
25. RELATED PARTY TRANSACTIONS
All transactions entered into with Related Parties as defined under the
Companies Act, 2013 and Regulation 23 of the Listing Regulation during the financial year
were in the ordinary course of business and on an arm's length pricing basis and do not
attract the provisions of Section 188 of the Companies Act, 2013. In compliance of
applicable laws, your company has formulated a policy on dealing with related party
transactions and details of the policy is available on the website http://www.tinna.in.
As per SEBI Listing Regulations the Related Party Transactions summary
are placed before the Audit Committee for review and approval periodically. Prior omnibus
approval is obtained for Related Party Transactions for transactions which are of
repetitive nature and / or entered in the ordinary course of business and are at Arm's
Length.
During the year under review, the Company has not entered into any
contracts/arrangements/ transactions with related parties outside the purview of
applicable provisions of Act and Regulations and Company policy on related party
transactions. Accordingly, the disclosure of Related Party Transactions as required under
Section 134(3)(h) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts)
Rules, 2014 in Form AOC-2 is not applicable. The details of the related party transactions
as per Indian Accounting Standards (Ind AS) are set out in Note no. 42 of the Standalone
Financial Statements of the Company
26. RISK MANAGEMENT
The Company's risk management framework identifies and evaluates
business risks and opportunities. The Company recognizes that these risks need to be
managed and mitigated to protect its shareholders and other stakeholders, to achieve its
business objectives and enable sustainable growth.
The risk framework is aimed at effectively mitigating the Company's
various business and operational risks, through strategic actions. Risk management is
embedded in our critical business activities, functions and processes. The risks are
reviewed for the change in the nature and extent of the major risks identified since the
last assessment and also provides control measures for risks and future action plans.
27. VIGIL MECHANISM / WHISTLE BLOWER POLICY
The Company has formulated and published a Whistle Blower Policy to
provide Vigil Mechanism for employees including Directors of the Company to report genuine
concern and the same is available on the website of the Company at www.tinna.in. During
the year under review no compliant was received.
28. INTERNAL CONTROLS, INTERNAL FINANCIAL CONTROLS
AND AUDIT OVERVIEW
The Company has a proper and adequate system of internal control,
commensurate with the size and nature of its business, forms an integral part of the
Company's corporate governance policies. Some of the significant features of internal
control systems includes:
• Ensuring compliance with laws, regulations, standards and
internal procedures and systems.
• De-risking the Company's assets, resources and protecting them
from any loss and providing trainings for other related safety measures.
• Ensuring the accounting system's integrity proper and authorized
recording and reporting of all transactions.
• Preparing and monitoring of annual budgets for all operating and
service functions.
• Ensuring the reliability of all financial and operational
information.
• Forming an Audit committee of the Board of Directors.
The Audit Committee regularly reviews audit plans, significant audit
findings, controls and compliance with accounting standards and so on.
• Continuous up-gradation of IT Systems.
The internal control systems and procedures are designed to assist in
the identification and management of risks, the procedure-led verification of all
compliance as well as an enhanced control consciousness
29. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORK PLACE
(PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013
The Company has in place an Anti-Sexual Harassment Policy in line with
the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition
and Redressal) Act, 2013. An Internal Complaints Committee (ICC) has been set up to
redress complaints received regarding sexual harassment. All employees (permanent,
contractual, temporary, trainees) are covered under this policy. No complaints pertaining
to sexual harassment were received during Financial Year 2024-25.
30. OTHER DISCLOSURES AND REPORTING
No significant or material orders were passed by the Regulators or
Courts or Tribunals which impact the going concern status and Company's operations in
future except stated elsewhere in the annual report.
During the year there was no material changes and commitments,
affecting the financial positions of the Company, except mentioned elsewhere in the annual
report.
31. EMPLOYEE STOCK OPTION SCHEME
The Company got the In-Principal approval for implementation and
administration of 1,71,295 stock option equivalent to equal number of equity shares, from
Bombay Stock Exchange vide their letter dated April 09, 2024
During the financial year ended March 31, 2025, the company granted
59,880 stock options to eligible employees, on the recommendation of Nomination and
Remuneration Committee and duly approved by the Board of Directors of the Company in their
respective meeting held on May 03, 2024, in accordance with "Tinna Rubber and
Infrastructure Limited-Employee Stock Option Plan - 2023" ("the Scheme"),
and SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021 ("SEBI
SBEB Regulations") with a view to attract and retain the senior management and best
talent, and to encourage employees to align individual performances with Company
objectives, and promote increased participation by them in the growth of the Company
There was no changes in the Scheme, during the year under review. The
applicable disclosures as stipulated under the SEBI SBEB Regulations are available on the
website of the Company at www.tinna.in.
Relevant disclosures in terms of the accounting standards prescribed by
the Central Government in terms of section 133 of the Companies Act, 2013, including the
'Guidance note on accounting for employee share-based payments' issued in that regard
from time to time, are disclosed in note no. 54 of the standalone audited financial
statements of the Company for the year ended on March 31, 2025.
A description of the Scheme existed during the year, including the
general terms and conditions the scheme are mentioned as under:
Particulars |
Details |
| Date of shareholders' approval |
August 24, 2023 |
| Total number of options approved under the
Scheme |
1,71,295 |
| Vesting requirements |
As per terms of the Scheme |
| Exercise price or pricing formula |
The exercise price per option shall be
determined by the Committee, which shall not be less than the market price of the shares,
discounted by such a percentage not exceeding 20% on the date of grant |
| Maximum term of options granted |
As per terms of the Scheme |
| Source of shares (primary, secondary or
combination) |
Primary |
| Variation in terms of options |
The Committee may with prior approval of the
Shareholders, revise the terms of the Plan and/ or terms of the Options already granted
under the Plan subject to the condition that such amendment, alteration, or variation, as
the case may be is not detrimental to the interest of Employees Provided that the Company
shall be entitled to vary the terms of the Plan to meet any regulatory requirement without
seeking shareholders' approval by way of a special resolution. |
| Method used to account for the Scheme -
Intrinsic or fair value |
Fair Value |
| Where the company opts for expensing of the
options using the intrinsic value of the options, the difference between the employee
compensation cost so computed and the employee compensation cost that shall have been
recognized if it had used the fair value of the options shall be disclosed. The impact of
this difference on profits and on the Scheme of the company. |
Not Applicable |
During the year under review, the movement under the Scheme are
mentioned as under:
Particulars |
Details |
Number of options outstanding
at the beginning of the period |
Not Applicable |
Number of options granted
during the year |
59,880 |
Number of options forfeited /
lapsed during the year |
Nil |
Number of options vested
during the year |
Nil |
Number of options exercised
during the year |
Nil |
Number of shares arising as a
result of exercise of options |
Nil |
Money realized by exercise of
options (INR), if scheme is implemented directly by the company |
Not Applicable |
Loan repaid by the Trust
during the year from exercise price received |
Not Applicable |
Number of options outstanding
at the end of the year |
1,11,415 |
Number of options exercisable
at the end of the year |
59,880 |
Employee wise details of options granted during the year as mentioned
as under:-
Particulars |
I |
II |
III |
IV |
V |
Name of the Employee |
Subodh Kumar Sharma |
Anurup Arora |
Sanjay Banati |
Ramesh Chand |
Pradeep Sharma |
Designation of Employee |
Whole time Director and Chief
Operating Officer |
Chief Business Officer |
Sr. Vice President |
General Manager |
International Operations |
Number of Options granted
during the year |
21,790 |
13,520 |
6,160 |
10,050 |
8,360 |
Exercise price |
^ 719 |
senior managerial personnel as
defined under SEBI (LODR) Regulation |
Not Applicable |
Yes |
No |
No |
Yes |
employee who received a grant
of option amounting to 5% or more of option granted during that year |
Nil |
identified employees who were
granted option, during the year, equal to or exceeding 1% of the issued capital of the
company at the time of grant. |
Nil |
The Company has received a certificate from the Secretarial Auditors
that the scheme has been implemented in accordance with SEBI SBEB Regulations. The
certificate to be placed at the Annual General Meeting is given as "Annexure-H"
to this report for inspection of members.
32. DETAILS IN RESPECT OF FRAUD REPORTED BY
AUDITORS:
Pursuant to provisions of Section 143 (12) of the Companies Act, 2013
there were no frauds reported by the Auditors of the Company during the year under review,
to the Audit Committee or the Board of Directors, therefore no disclosure is required to
be made under Section 134 (3)(ca) of the Companies Act, 2013.
33. HUMAN RESOURCES AND INDUSTRIAL RELATIONS
The Company firmly believes that Human Resource is the key driver for
the success of any organization. The Company's human resources policies are carefully
structured to meet the aspirations of the employees as well as the organization. These
policies are implanted through training and other developmental programs and encourage
continuous learnings and innovations. The Company continues to have cordial industrial
relations.
34. APPRECIATION
Your Directors take this opportunity to express their appreciation for
the cooperation and assistance received from the concerned departments of Central and
State Governments, financial institutions, banks and shareholders, and other stakeholders
during the year under review. The Directors also wish to place on record their
appreciation of the devoted and dedicated services rendered by all employees of the
Company
| Place: New Delhi |
For and on behalf of the Board of
Directors |
| Date: August 06, 2025 |
Tinna Rubber and Infrastructure Limited |
| Regd. Office Address: Tinna House, No. 6, |
Bhupinder Kumar Sekhri |
| Sultanpur, Mandi Road, Mehrauli, New
Delhi-110030 |
Chairman and Managing Director |
|
DIN: 00087088 |