To,
The Members,
ALKOSIGN LIMITED
Your directors have pleasure in submitting their 5th Annual Report of the Company
together withthe Audited Statements of Accounts for the year ended 31st March, 2025.
1. FINANCIAL PERFORMANCE:
The Financial performance of the Company during the year was as under:
(Amount In Lakhs.)
|
Standalone Financials |
| PARTICULARS |
2024-25 |
2023-24 |
| Income from operations |
5153.06 |
3568.72 |
| Other Income |
31.58 |
28.47 |
| Total revenue |
5184.64 |
3597.19 |
| Total Expenses |
4722.53 |
3530.64 |
| Profit before tax |
462.11 |
66.55 |
| Current Tax |
77.14 |
0.04 |
| Prior Period Tax Charge |
-1.37 |
-10.38 |
| Deferred Tax Charge |
-0.99 |
-1.48 |
| Tax Related to Earlier Years |
10.38 |
0.00 |
| Profit from Continuing Operations after Tax (PAT) |
376.95 |
78.38 |
| Earnings per Share (EPS) |
5.24 |
1.22 |
2. BUSINESSOPERATION:
Total income of your Company is Rs 5184.64 Lakhs as against Rs. 3597.19 Lakhs in
the previous year. The net profit/(loss) after tax for the year under review is Rs. 376.95
Lakhs as against profit of Rs. 78.38 Lakhs in the previous year.
3. DIVIDEND
The Board of Director's of the Company has not Recommended and declared any dividend
for the said Financial Year.
4. CHANGE IN THE NATURE OF BUSINESS, IF ANY:
There is no change in its nature of business of Company during the year under review.
5. AMOUNTTRANSFERRED TO RESERVES
The Company has not transferred its profits into Reserves & Surplus Account during
the year under review.
6. ANNUAL RETURN:
As per Section 92(3) of Companies Act, 2013, the draft copy of Annual Return of company
in form MGT - 7 has been uploaded on the website of Company and web linkof the same is
https://alkosign.com/pages/investor-corner
7. NUMBER OF BOARD MEETINGS/ COMMITTEE/ SHAREHOLDERS MEETINGS CONDUCTEDDURING
THE YEAR:
During the year ended March 31, 2025, the Board met 9 times. The intervening gap
between the Meetings was within the period prescribed under the Companies Act, 2013 (the
"Act"). Required quorum was present throughout each meeting as per the
requirement of the said Act, the details of Board meetings are given below:
I.AUDIT COMMITTEE
The audit committee of the Company is constituted under the provisions of section 177
of the Companies Act, 2013.
Composition of the Committee:
1. Parshva Vinay Kant Doshi, Non-Executive, Independent Director (Chairman);
2. Akshay Narendra Shah, Non-Executive, Director (Member);
3. Seema Ashim Jhaveri, Non-Executive, Independent Director (Member)
4. The Company Secretary of Company is Secretary of the Committee.
The scope of Audit Committee shall include but shall not be restricted to the
following:
• Oversight of the Issuer's financial reporting process and the disclosure of its
financial information to ensure that the financial statement is correct, sufficient and
credible.
• Recommending to the Board, the appointment, re-appointment and, if required, the
replacement or removal of the statutory auditor and the fixation of audit fees.
• Approval of payment to statutory auditors for any other services rendered by the
statutory auditors.
• Reviewing, with the management, the annual financial statements before
submission to the board for approval, with particular reference to:
Matters required to be included in the Director's Responsibility Statement to be
included in the Board's report in terms of clause (c) of sub-section 3 of Section 134 of
the CompaniesAct, 2013
The Audit Committee enjoys following powers:
2. 1. To investigate any activity within its terms of reference.
To seek information from any employee.
4. 3. To obtain outside legal or other professional advice.
To secure attendance of outsiders with relevant expertise if it considers necessary.
5. The audit committee may invite such of the executives, as it considers appropriate
(and particularly the head of the finance function) to be present at the meetings of the
committee, but on occasions it may also meet without the presence of any executives of the
Issuer. The finance director, head of internal audit and a representative of the statutory
auditor may be present as invitees for themeetings of the audit committee.
The Audit Committee shall mandatorily review the following information:a. Management
discussion and analysis of financial condition and results of operations; b. Statement of
significant related party transactions (as defined by the audit committee),submitted by
management; c. Management letters / letters of internal control weaknesses issued by the
statutory auditors; d. Internal audit reports relating to internal control weaknesses; and
e. The appointment, removal and terms of remuneration of the Chief internal auditor shall
be subject to review by the Audit Committee.
The recommendations of the Audit Committee on any matter relating to financial
management, including the audit report, are binding on the Board. If the Board is not in
agreement with the recommendations of the Committee, reasons for disagreement shall have
to be incorporated in the minutes of the Board Meeting and the same has to be communicated
to the shareholders. The Chairman of the committee has to attend the Annual General
Meetings of the Company to provide clarifications on matters relating to the audit.
Meeting of Audit Committee and Relevant Quorum:
The audit committee shall meet at least four times in a year and not more than one
hundredand twenty days shall elapse between two meetings. The quorum for audit committee
meeting shall either be two members or one third of the members of the audit committee,
whichever is greater, with at least two independent directors.
The Chairman of the committee has to attend the Annual General Meetings of the Company
to provide clarifications on matters relating to the audit.
During the year under review, the Company held four Audit Committee meetings.
II.NOMINATION AND REMUNERATION COMMITTEE:
The Nomination and Remuneration Committee of the Company is constituted underthe
provisions of section178 of the Companies Act, 2013.
Composition of the Committee:
1. Seema Ashim Jhaveri, Non-Executive, Independent Director (Chairman);
2. Parshva Vinaykant Doshi, Non-Executive, Independent Director (Member);
3. Yogesh Ramgopal Gupta, Non-Executive Director (Member)
4. The Company Secretary of Company is Secretary of the Committee
The scope of Nomination and Remuneration Committee shall include but shall not be
restricted to the following:a. Formulation of the criteria for determining qualifications,
positive attributes and independence of a director and recommend to the Board a policy,
relating to the remuneration of the directors, key managerial personnel and other
employees; c. b. Formulation of criteria for evaluation of Independent Directors and the
Board; Devising a policy on Board diversity;
Identifying persons who are qualified to become directors and who may be appointed in
senior management in accordance with the criteria laid down, and recommend to the Board
their appointment and removal. The Company shall disclose the remuneration policy and the
evaluation criteria in its Annual Report.
Meeting of Nomination and Remuneration Committee and Relevant Quorum:
The quorum necessary for a meeting of the Nomination and Remuneration Committee shallbe
two members or one third of the members, whichever is greater. The Committee is required
to meet at least once a year.
During the year under review, the Company held One Nomination and Remuneration
Committee meetings.
III. STAKEHOLDERS RELATIONSHIP COMMITTEE:
The Stakeholders Relationship Committee of the Company is constituted under the
provisions of section 178 of the Companies Act, 2013.
Composition of the Committee:
1. Yogesh Ramgopal Gupta, Non-Executive, Independent Director (Chairman)
2. Parshva Vinaykant Doshi, Non-Executive, Independent Director (Member)
3. Seema Ashim Jhaveri, Non-Executive, Independent Director (Member)
4. The Company Secretary of Company is Secretary of the Committee
This committee will address all grievances of Shareholders/Investors and its terms of
reference include the following: a) Allotment and listing of our shares in future. b)
Redressing of shareholders and investor complaints such as non-receipt of declared
dividend, annual report, transferof Equity Shares and issue ofduplicate/split/consolidated
share certificates; c) Monitoring transfers, transmissions, dematerialization,
re-materialization, splitting and consolidation of Equity Shares and other securities
issued by our Company, including review of cases for refusal of transfer/ transmission of
shares and debentures; d) e) Reference to statutory and regulatory authorities regarding
investor grievances; To otherwise ensure proper and timely attendance and redressal of
investor queries and grievances; f) To do all such acts, things or deeds as may be
necessary or incidental to the exercise of the above powers.
Meeting of Stakeholder's Relationship Committee and Relevant Quorum:
The Stakeholders Relationship Committee of the Company is constituted under the
provisions of section 178 of the Companies Act, 2013.
Composition of the Committee:
1. Yogesh Ramgopal Gupta, Non-Executive, Independent Director (Chairman)
2. Parshva Vinaykant Doshi, Non-Executive, Independent Director (Member)
3. Seema Ashim Jhaveri, Non-Executive, Independent Director (Member)
The Company Secretary of Company is Secretary of the Committee
The stakeholder's Relationship committee shall meet once in a year. The quorum for a
meeting of the Stakeholder's Relationship Committee shall be two members present. During
the year under review, the Company held One Stakeholder's Relationship Committee meetings.
IV INTERNAL COMPLAINT COMMITTEE:
Pursuant to the provision Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013 ("Act"), during the financial year 2024-25,
the Company has not received any complaints on sexual harassment and hence no compliant
remains pending as on 31st March, 2025. Further Company has zero tolerance for sexual
harassment for women at workplace.
V MEETING OFINDEPENDENT DIRECTOR:
The Meeting of the Independent Director held on 26th March, 2025.
8. DECLARATION OF THE INDEPENDENT DIRECTORS:
All Independent Directors have also given declarations that they meet the criteria
ofindependence as laid down under Section 149(6) of the Companies Act, 2013.
9. DETAILS OF SUBSIDIARY/JOINT VENTURE/HOLDING COMPANY:
The Company has one Subsidiary LLP i.e. OCTAGALITE LLP in which Company is holding 74%
shareholding as on 31st March, 2025. Further there is no Holding, Associate or Joint
Venture of our Company. Disclosure about the Subsidiary LLP is attached as Annexure –
II.
10. CHANGES IN SHARE CAPITAL:
During the year under review, there is no changes in the Authorised share capital and
Paid-Up share capital of the Company of the Company.
The Company has, during the year under review, neither issued any Equity shares with
differential voting rights nor any shares (including sweat equity shares) to its employees
under any scheme.
11. DIRECTORS'S RESPONSIBILITY STATEMENT:
In accordance with the provisions of Section 134(5) of the Companies Act, 2013 the
Board of Directors of the company confirms that-
(i) In the preparation of the annual accounts for the year ended 31st March, 2025, the
Company has followed the applicable accounting standards and there are no material
departures from the same.
(ii) Accounting policies were adopted and applied consistently and made judgments and
estimates that are reasonable and prudent so as to give a true and fair view of the
affairs of the Company as at 31st March 2025 and of the Profit of the Company for year
ended on that date.
(iii) The Directors have taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of the Act of safeguarding
the assets of the Company and for preventing/ detecting fraud and irregularities have been
taken.
(iv) The Directors have prepared Annual Accounts on a "Going Concern" basis.
(v) They have laid down internal financial controls to be followed by the Company and
such internal financial controls are adequate and operating effectively;
(vi) The Directors had devised proper systems to ensure compliance with the provisions
of all applicable laws and that such systems were adequate and operating effectively.
12. PERFORMANCE EVALUATION:
The Board of Directors carried out an annual evaluation of the Board itself, its
committees and individual Directors. The entire Board carried out performance evaluation
of each Independent Director excluding the Independent Director being evaluated. The
Nomination Remuneration Committee also carried out evaluation of every director's
performance.
The evaluation was done after taking into consideration inputs received from the
Directors, setting out parameters of evaluation. Evaluation parameters of the Board and
Committees were mainly based on Disclosure of Information, Key functions of the Board and
Committees, Responsibilities of the Board and Committees, etc. Evaluation parameters of
Individual Directors including the Chairman of the Board and Independent Directors were
based on Knowledge to Perform the Role, Time and Level of Participation, Performance of
Duties and Level of Oversight and Professional Conduct etc.
Independent Directors in their separate meeting evaluated the performance of
Non-Independent Directors, Chairman of the Board and the Board as a whole.
13. CORPORATE GOVERNANCE:
In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
exempts companies which have listed their specified securities on SME Exchange from
compliance with corporate governance provisions.
Since the equity share capital of your Company is listed exclusively on the SME
Platform of BSE, the Company is exempted from compliance with Corporate Governance
requirements, and accordingly the reporting requirements like
Corporate Governance Report, Business Responsibility Report etc. are not applicable to
the Company. However, the Company is in compliance to the extent of applicable sections of
Companies Act, 2013 with regard to Corporate Governance.
14. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
The Management Discussion and Analysis report has been separately furnished as Annexure
- I in the Annual Report and forms a part of the Annual Report.
15. POLICIES AND DISCLOSURE REQUIREMENTS:
In terms of provisions of the Companies Act, 2013 the Company has adopted following
policies which are available on its website https://alkosign.com/
Whistle Blower Policy
Archival & Preservation Policy
Code of conduct for Board & Shareholders Meeting
Policy for disclosure of Material Events
Criteria for making payment to non-Executive director
Policy on determination of Material Related Party Transactions
Risk Management Policy
Code of Conduct for prevention of Insider Trading
Code for Independent Directors
Nomination and Remuneration Policy
16. COMPANY'S POLICY RELATING TO APPOINTMENT, PAYMENT
OF REMUNERATION TO DIRECTORS AND DISCHARGE OF THEIR DUTIES:
Pursuant to the provision of Section 178 of the Companies Act, 2013 and at the
recommendation of Nomination and Remuneration Committee has devised Nomination and
Remuneration Policy relating to appointment of Key Managerial Personnel and Directors,
Director's qualifications, positive attributes, independence of Directors and their
remuneration and other related matters as provided under Section 178(3) of the Companies
Act, 2013.
17. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE
UNDER SECTION 186 OF THE COMPANIES ACT, 2013:
The details of the loans, guarantees or investments made under section 186 of the
Companies Act, 2013, by the Company is mentioned in the financial statements of the
Company.
18. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE
WITHRELATED PARTIES:
All related party transactions that were entered during the financial year were on
arm's length basis and were in the ordinary course of business. There are no significant
related party transactions made by the Company with Promoters, Directors, Key Managerial
Personnel or other designated persons which may have a potential conflict with the
interest of the Company at large.
The particulars of the contracts or arrangements entered by the Company with related
parties as referred to in Section 134(3)(h) read with section 188(1) of the Act and rules
framed thereunder, in the Form No. AOC-2 are annexed and marked as Annexure – III.
19. COMPLIANCE WITH SECRETARIAL STANDARDS:
The Company has complied with Secretarial Standards issued by the Institute of Company
Secretaries of India while organizing the Board and Annual General Meetings.
20. MATERIAL CHANGES AND COMMITMENT:
The Company has allotted 35,97,497 Bonus equity shares of Company in the Board Meeting
held on 14th July, 2025 as approved by Shareholders in the Extraordinary General Meeting
held on 1st July, 2025.
Except above there is no material changes and commitments affecting the
financialposition of the Company occurred during the year and between the end of the
financial year to which these financial statements relate and on the date of this report.
21. DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER
THE INSOLVENCY AND BANKRUPTCY CODE, 2016 (31 OF 2016) DURING THE YEAR ALONGWITH THEIR
STATUS AS AT THE END OF THE FINANCIAL YEAR:
There was no any application filed or any proceeding pending under Insolvency and
Bankruptcy Code, 2016 (31 Of 2016) during the year under review. Hence the same is not
applicable to Company.
22. 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.
The Company did not settle any loan amount with Bank or Financial Institutions during
the period under review. Hence the same is not applicable to Company.
23. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND
FOREIGN EXCHANGE EARNINGS AND OUTGO:
(A) CONSERVATION OF ENERGY:
The Company has been continuously making efforts to reduce energy consumption. The
management is striving to achieve cost reduction by economical usage of energy.
(i) The steps taken or impact on conservation of energy:
The Company has been continuously making efforts to reduce energy consumption and the
management is striving to achieve cost reduction by economical usage of energy.
(ii) The steps taken by the company for utilizing alternate source of energy:
As the Company needs only minimum level of energy, it has not looked in to an
alternative source of energy.
(iii) The capital investment on energy conservation equipment:
The Company has not made any capital investment as it is not required at this stage.
(B) TECHNOLOGY ABSORPTION:
The Company is not utilizing any alternate source of energy.
(C) FOREIGN EXCHANGE EARNINGS AND OUT GO:
During the period under review, the company earned Rs. 18.39 Lakh in the foreign
currency due to fluctuation of Foreign Exchange Rate Difference and expenditure in foreign
currency was Rs. 255.55 Lakhs.
24. STATEMENT CONCERNING DEVELOPMENT AND
IMPLEMENTATION OF RISK MANAGEMENT POLICY OF THE COMPANY:
Risk Management is the process of identification, assessment and prioritization of
risks followed by coordinated efforts to minimize, monitor and mitigate/control the
probability and/or impact of unfortunate events or to maximize the realization of
opportunities. The Company has laid down a comprehensive Risk Assessment and Minimization
Procedure which is reviewed by the Board from time to time. These procedures are reviewed
to ensure that executive management controls risk through means of a properly defined
framework. The major risks have been identified by the Company and its mitigation
process/measures have been formulated in the areas such as business, project execution,
event, financial, human, environment and statutory compliance.
25. DEPOSITS:
The Company has not accepted/renewed any deposits during the year under review.
26. DETAILS OF DIRECTORS OR KEY MANAGERIAL PERSONNEL:
The Board is duly constituted according to the provisions of the Company Act.
The Directors on the Board have submitted notice of interest under Section 184(1),
intimation under Section 164(2) of the Companies Act, 2013 and declaration as to
compliance with the Code of Conduct of the Company.
The present Directors of the Company are Mr. Samir Narendra Shah, Mr. Akshay Narendra
Shah, Ms. Zeenal Shrenik Shah, Mr. Yogesh Ramgopal Gupta, Mr. Parshva Vinaykant Doshi, Mr.
Shrenik Kamlesh Shah, Ms. Seema Ashim Jhaveri.
Further during the year under review, following changes regarding
appointment/reappointment has been done in Management of Company:
1. Re-appointment of Akshay Narendra Shah (DIN: 03572358), the retiring director
2. Details of all Directors/KMP has been mentioned below:
| Sr. Name No. Director/KMP |
of Designation |
Promoter/ Independent /KMP/ Professional |
Executive/ non-executive |
Date of Appointment/ Change in Designation |
| 1. Mr. Samir Narendra Shah |
Managing Director |
Promoter & KMP |
Executive Director & Chairman |
20/03/2020 |
| 2. Mr. Shrenik Kamlesh Shah |
Executive Director |
Promoter Group |
Whole Time Director |
01/10/2023 (Change in Designation) |
| 3. Mr. Akshay Narendra Shah |
Non- executive Director |
Promoter |
Non – Executive |
01/10/2023 (Change in Designation) |
| 4. Ms. Zeenal Shrenik Shah |
Non- executive Director |
Promoter Group |
Non – Executive |
01/10/2020 |
| 5. Mr. Yogesh Ramgopal |
Director |
Independent |
Non – Executive |
22/12/2021 |
| 6. Mr. Parshva Vinaykant Doshi |
Director |
Independent |
Non – Executive |
22/12/2021 |
| 7. Ms. Seema Ashim Jhaveri |
Director |
Independent |
Non – Executive |
22/12/2021 |
| Mr. Ajay Prahlad 9 Vishwakarma |
CFO |
KMP |
NA |
25/06/2022 |
| 10 Ms. Karishma Laddha |
Company Secretary |
KMP |
NA |
27/08/2022 |
In accordance with the provisions of the Companies Act, 2013, and the Articles of
Association of the Company, Mr. Akshay Narendra Shah retires by rotation at the
forthcoming Annual General Meeting and being eligible, offers himself for re- appointment.
27. AUDITORS:
A. STATUTORY AUDITORS AND THEIR REPORT:
As per the provisions of Section 139 of the Act read with the Companies (Audit and
Auditors) Rules, 2014, M/s K.S. Shah & Co., Chartered Accountants (Firm Registration
No. 109644W) is Statutory Auditor of Company for the period of 5 years i.e., from F.Y.
2022-23 to 2026-27.
B. INTERNAL AUDITOR:
The Company has appointed M/s. Shah Gupta & Co., Chartered Accountants (Firm Reg.
No. 109574W) as an Internal Auditor for conducting the Internal Audit of the Company.
C. SECRETARIAL AUDITOR AND THEIR REPORT:
In accordance with the provisions of Section 204 of the Companies Act, 2013 read with
the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the
Board has appointed M/s. Dilip Swarnkar & Associates, Company Secretaries, as
Secretarial Auditors for the financial year 2024-25. The Secretarial Audit Report for the
financial year ended March 31, 2025 is set out in Annexure – IV to this
Report.
28. STATEMENT PURSUANT TO SECTION 197(12) OF THE COMPANIES ACT, 2013 READ WITH RULE 5
OF THE COMPANIES (APPOINTMENT AND
REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014:
Disclosures pertaining to remuneration and other details as required under Section
197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 is provided in this Report as Annexure V which
forms part of this Report.
29. INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR
ADEQUACY:
The Board has laid down standards, processes, and procedures for implementing the
internal financial controls across the organization. After considering the framework of
existing internal financial controls and compliance systems; work performed by the
Statutory Auditors, Secretarial Auditors and External Consultants; reviews performed by
the Management and relevant Board Committees including the Audit Committee, the Board is
of the opinion that the Company's internal financial controls with reference to the
financial statements were adequate and effective during the financial year 2024-25.
30. INTERNAL CONTROL SYSTEMS:
Adequate internal control systems commensurate with the nature of the Company's
business and size and complexity of its operations are in place and have been operating
satisfactorily. Internal control systems comprising of policies and procedures are
designed to ensure reliability of financial reporting, timely feedback on achievement of
operational and strategic goals, compliance with policies, procedure, applicable laws and
regulations and that all assets and resources are acquired economically, used efficiently
and adequately protected.
31. COST AUDITOR:
As per provision of section 148(3) of Companies Act, 2013 and rule 6(2) of Companies
(Cost records and audit) Rules, 2014, the Company is not required to appoint a cost
auditor to audit the cost records of the Company.
32. EXPLANATION OF BOARD OF DIRECTOR'S ON AUDITOR'S
REPORTS:
A. Auditors Report
There are no qualifications or reservation or adverse remarks made by the Auditors in
their report for the year under review.
Hence there is no Explanation required for the same.
B. Secretarial Audit Report
There are no qualifications or reservation or adverse remarks made by the Secretarial
Auditors in their report for the year under review.
Hence there is no Explanation required for the same.
33. REPORTING OFFRAUDS BY AUDITORS:
During the year under review, the Statutory Auditors have not reported any instances of
frauds committed in the Company by its Officers or Employees under Section 143(12) of the
Companies Act, 2013
34. GREEN INITIATIVE:
In compliance with Regulation 36 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 Notice of the AGM along with the Annual Report 2024-25 is
being sent only through electronic mode to those Members whose email addresses are
registered with the Company/ Depositories. Members may note that the Notice and Annual
Report 2024-25 will also be available on the Company's website www.alkosign.com
35. GENERAL:
Your directors state that no disclosure or reporting is required in respect of
thefollowing items as there were no transaction on these items during the year under
review.
1. Details relating to Deposits covered under Chapter V of the Act.
2. Issue of equity shares with differential rights as to dividend, voting or otherwise.
3. Issue of equity shares (including sweat equity shares) and ESOS to
employees of the Company under any scheme.
4. Except order passed by Ministry of Corporate Affairs on February 03, 2022 for
condonation of delay under section 460(b) of the Companies Act, 2013, 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.
5. There were no instance of non-exercising of voting rights in respect of shares
purchased directly by the employees under a scheme pursuant to section 67(3) of the Act
read with Rule 16(4) of Companies (Share Capital and Debenture) Rules, 2014 and hence no
information has been furnished.
36. ACKNOWLEDGEMENTS:
Your Director's would like to express their sincere appreciation of the co-operation
and assistance received from Shareholders, Bankers, regulatory bodies and other business
constituents during the year under review.
Your Director's also wish to place on record their deep sense of appreciation for the
commitment displayed by all executives, officers and staff, resulting in successful
performance of the Company during the year. Your Directors look forward to the continued
support of all stakeholders in the future.
| FOR AND ON BEHALF OF THE BOARD OF |
|
| ALKOSIGN LIMITED |
|
| SD/- |
SD/- |
| SAMIR NARENDRA SHAH |
SHRENIK KAMLESH SHAH |
| MANAGING DIRECTOR |
WHOLE TIME DIRECTOR |
| DIN- 03572442 |
DIN - 03572426 |
| PLACE: SARAVLI, BHIWANDI |
|
| DATE: 02ND SEPTEMBER, 2025 |
|