To,
The Members,
Your Directors have pleasure in presenting their 14th Annual Report on
the business and operations of the Company and the accounts for the Financial Year ended
31st March, 2025.
1. Financial summary
The financial results for the year are as under:
Particulars |
Year ended 31.03.2025 |
Year ended 31.03.2024 |
| Sales and Other Income |
16,123.01 |
9,372.96 |
| Profit before depreciation, amortization and
exceptional items |
3,676.77 |
2,279.67 |
| Less: Depreciation and amortization |
463.80 |
410.77 |
| Less: Exceptional items |
0.00 |
0.00 |
| Profit before tax |
3,212.97 |
1,868.90 |
| Less: Provision for tax |
675.00 |
486.00 |
| Provision for deferred tax |
(36.75) |
22.96 |
| Prior period tax |
0.95 |
0 |
| Profit after taxation |
2,573.77 |
1,359.94 |
2. Dividend
The Board of Directors' does not recommend any dividend for
financial year ended on 31st March, 2025.
3. Reserves Your Board does not propose to carry to any reserves
for the financial year 2024-25.
4. Brief description of the Company's working during the
year/State of Company's affair
Total turnover during the year 2024-25 was H 15,830.73 lacs compared to
H 9,297.59 lacs of previous year 2023-24 which shows increase of H 6,533.14 (70.26%).
There is profit of H 2,573.77 lacs (after tax) during the year 2024-25 compared to profit
of 1,359.94 lacs (after tax) during the year 2023-24.
5. Change in the nature of business, if any
There is no change in the nature of business during the financial year
2024-25.
6. Material changes and commitments, if any, affecting the
financial position of the company which have occurred between the end of the financial
year of the company to which the financial statements relate and the date of the report.
The Company entered into the capital market with its Initial Public
Offering (IPO) and allotted in aggregate
54,04,800 equity shares of face value of H 10/- each, for the issue
price of H 161/- each (including premium of H 151/- each) on June 6, 2024 on NSE
Emerge Platform. The Company received approval on June 5, 2024 for listing.
During the year under review, the company incorporated Aimtron
Electronics LLC, a Wholly owned subsidiary of the company in the State of Texas, United
States of America and commenced operations from January, 2025. This milestone marks a
significant step forward in establishing a strong presence in the North American market,
enabling the company to better serve local customers, build strategic partnerships, and
capitalize on growth opportunities in the region.
In alignment with its global expansion strategy, the Company has
successfully established a remote sales office in Germany. This initiative sets the stage
for entering the European market, providing a platform to engage with new customers, build
a local network in the European market, and tailor offerings to meet regional demands
while positioning the company for long-term growth.
The Company added a new SMT Line to enhance its manufacturing capacity.
Additionally, the Company has entered new sectors by securing orders from the
Telecommunication Sector, Artificial Intelligence (AI) Sector, and Automotive Electric
Vehicle (EV) sector, which are expected to positively impact its future financial
performance.
Apart from the above, there have been no other material changes and
commitments, which affect the financial position of the company which have occurred
between the end of the financial year to which the financial statements relate and the
date of this Report.
7. Details of significant and material orders passed by the
regulators or courts or tribunals impacting the going concern status and company's
operations in future
No significant and material orders passed by the regulators or courts
or tribunals impacting the going concern status and company's operations in future
during the financial year and or subsequent to the close of the financial year of the
Company to which the balance sheet relates and the date of the report.
8. Details in respect of adequacy of internal financial controls
with reference to the Financial Statements
Internal controls consist of a set of rules, policies, and procedures
designed to provide reasonable assurance for achieving the organization's objectives
in operational effectiveness and efficiency, reliable financial reporting, and compliance
with laws, regulations, and policies. Your company's internal control systems are
aligned with the size and nature of its operations, which record transactions and
activities; safeguard against misuse or loss of the company's assets; enhance the
efficiency of plant operations; and promote transparency and accuracy in financial
reporting.
The reports of the Internal Auditor are reviewed by the Audit
Committee. The Audit Committee also reviews adequacy of internal controls, system and
procedures, insurance coverage of assets from various risks and steps are taken by the
Auditors of the Company for internal financial controls with reference to the Financial
Statements.
9. Details of Subsidiary/Joint Ventures/ Associate Companies
During the year under review, Aimtron Electronics LLC, was incorporated
in 2024 under the prevailing laws of Texas, United States of America, as the wholly owned
subsidiary(WOS) of Aimtron Electronics Limited by subscribing 58,800 shares for USD
5,88,000. The WOS is engaged in business of electronics designing and manufacturing
services.
Your Company has no Joint Ventures or Associate Companies during the
year.
10. Performance and financial position of each of the subsidiaries,
associates and joint venture companies included in the consolidated financial statement,
if any.
Pursuant to the provisions of Section 129(3) of the Companies Act, 2013
(Act'), the Company has prepared consolidated financial statements of the Company and
its subsidiary, which form part of this Annual Report.
The financial statements, including the consolidated financial
statements and related information of the Company and financial statements of the
subsidiary companies, are available on the website of the company at
https://www.aimtron.in/fy-24-25/
Further, the report on the performance and financial position of the
Subsidiary and salient features of its Financial Statements in the prescribed Form AOC-1
is annexed.
Your Company has no Joint Ventures or Associate Companies during the
year.
11. Deposits
Your Company has not accepted any deposit during the year and there was
no deposit at the beginning of the year. Therefore the details relating to deposits,
covered under Chapter V of the Act is not applicable.
However, the Company has accepted unsecured loans from Directors of the
Company and the opening balance was H 173.32 lacs and repaid during the year H 109.26 and
the closing balance was H 64.06 lacs.
12. Statutory Auditors & Internal Auditors
Statutory Auditors:
M/s. SPVP & Co., Chartered Accountants has been appointed for a
period five years pursuant to the provisions of section 139 of the Companies Act 2013 at
the AGM held on 11th November, 2021.
Internal Auditors:
As per section 138 of the Companies Act, 2013 read with Companies
(Accounts) Rules, 2014 Board has appointed M/s. CNK & Associates LLP, Chartered
Accountants as Internal Auditors of Company for F.Y. 2024-25 at the meeting of the board
of directors held on 6th July, 2024.
13. Auditors' Report
The observations of the Auditors are explained, wherever necessary, in
an appropriate note to the Audited Statement of Accounts. No qualification, reservation or
adverse remark or disclaimer has been made by the auditor in their auditors' report
for the year 2024-25 by
(i) by the Statutory auditor in his report; and
(ii) by the company secretary in practice in their secretarial audit
report;
14. Share Capital
Authorized Capital:
During the year under review, there was no change in the authorized
share capital of the Company, which was H 25,00,00,000/- (Rupees Twenty-Five Crore Only)
Comprising of 2,50,00,000 (Two Crore Fifty Lakh) Equity shares of H 10
each.
Issued, Subscribed & Paid-Up Capital:
At the beginning of the financial year the Issued subscribed and
paid-up share capital of the Company was 15,00,90,25 shares of 10/- each, amounting to a
capital of H 15,00,90,250/-
During the year under review, The Company launched its Initial Public
Offer, issuing and allotting 54,04,800 equity shares at H 10 each, with a premium of H 151
per share. This action increased the Company's paid-up share capital to H 20,41,38,250.
The Company was listed on the NSE EMERGE platform of the National Stock Exchange on June
6, 2024.
Particulars |
Date of Allotment |
No. of Equity Shares |
Issue Price |
Issue public offer |
04th June, 2024 |
54,04,800 |
H 161/- |
Further, during the period under review, your Company has not bought
back any of its securities / has not issued any Sweat Equity Shares / has not issued
shares with Differential Voting rights / has not issued any shares under Employee stock
option plan. There has been change in the voting rights of the shareholders pursuant to
Issue of shares to public in IPO.
15. Annual return
As per Section 92 and 134(3) of the Act read with Rule 12 of the
Companies (Management and Administration) Rules, 2014, the Annual Return will be displayed
on Company's web site i.e. https://www.aimtron.in/investors/ after filing annual
return, on completion of ensuing annual general meeting, with the Registrar of Companies
within the time stipulated in said Section 92 of Act.
16. Conservation of energy, technology absorption and foreign exchange
earnings and outgo
The details of conservation of energy, technology absorption, foreign
exchange earnings and outgo are attached herewith (Annexure-A)
17. Corporate Social Responsibility (CSR)
The Company is required to spend towards corporate social
responsibility under Section 135 of the Companies Act, 2013. The Annual report on CSR
Activities for the year under review as per Annexure II inserted vide
MCA notification dated 22nd January, 2021 in terms of section 135 of
the Companies Act, 2013 is attached herewith (Annexure-D).
The details about the policy developed and implemented by the company
on corporate social responsibility is available at our website at: https://www.aimtron.
in/wp-content/uploads/2025/04/Corporate-Social-Responsibility-Policy.pdf
18. Directors & Key Managerial Personnel
A) Following changes incorporated during the financial year 2024-25:
Name of Directors/KMPs |
DIN/PAN |
Designation at the beginning/ during the
financial year |
Effective Date of appointment/ change in
designation/ cessation |
Nature of Changes |
| Dr. Ashwani Kumar Shrivastava |
01869109 |
Whole- Time Director |
01.12.2024 |
Resignation at Board Meeting held on |
However, after closing of the year ended 31st March, 2025 as per the
recommendation of Nomination & Remuneration Committee, Board considered and approved
the Appointment of Mr. Sneh Shah, DIN: 11053426 as an Additional Whole time Director of
the Company with effect from 23rd April, 2025.
B) Declaration by an Independent Director(s) and re- appointment, if
any
Declarations
A declaration, by Independent Directors that they have met the criteria
provided in sub-section (6) of Section 149 of the Companies Act, 2013, have been received.
The Independent Directors of the Company have also confirmed compliance
of relevant provisions of Rule 6 of the Companies (Appointments and Qualifications of
Directors) Rules, 2014.
Re-appointments:
Mr. Mukesh Jeram Vasani (DIN: 06542536), retires by rotation at the
ensuing annual general meeting and being eligible offered himself for re-appointment as
Director.
The Company has received consent and declaration under form DIR-8
pursuant to Section 164 (2) read with Rule 14 (1) of Companies (Appointment and
Qualification of Directors) Rules, 2014 from Mr. Mukesh Jeram Vasani.
Details of Mr. Mukesh Jeram Vasani, Chairman and Non-Executive Director
seeking re-appointment as per Regulation 36 of Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements)
Regulation, 2015 with the National stock exchange is already annexed to
the notice of the annual general meeting.
C) Formal Annual Evaluation
The Company has devised a policy for performance evaluation of
Independent Directors, Board, Committees and individual Directors which includes criteria
for performance evaluation of executive directors and non-executive directors.
In evaluating the suitability of individual Board members, the
Committee may take into account factors, such as:
i. General understanding of the Company's business; ii.
Educational back ground and experience:
iii. Personal and professional ethics, integrity and values;
iv. Willingness to devote sufficient time and energy in carrying out
their duties and responsibilities effectively.
D) Opinion of the Board:
Your Board is of opinion that independent directors of the Company,
possess requisite qualifications, experience and expertise and they hold good standard of
integrity in various fields.
19. Number of meetings of the Board of Directors
During the year from 1st April, 2024 to 31st March, 2025 the Board of
Directors met ten times on the following dates:
Sr. No. |
Date of Meeting |
Board Strength |
No. of Directors Present |
| 1 |
15.04.2024 |
6 |
3 |
| 2 |
22.05.2024 |
6 |
4 |
| 3 |
23.05.2024 |
6 |
4 |
| 4 |
29.05.2024 |
6 |
4 |
| 5 |
04.06.2024 |
6 |
4 |
| 6 |
22.06.2024 |
6 |
6 |
| 7 |
06.07.2024 |
6 |
5 |
| 8 |
13.08.2024 |
6 |
6 |
| 9 |
08.11.2024 |
6 |
6 |
| 10 |
02.01.2025 |
5 |
4 |
The intervening gap between the Meetings was within the period
prescribed under Companies Act, 2013 and the Securities Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, read with the erstwhile
Listing Agreement.
20. Audit Committee
The Audit Committee is duly constituted in accordance with the Section
177 of the Companies Act, 2013 and Rule 6 of the Companies (Meeting of board and its
power) Rules, 2014. It adheres to the terms of reference which is prepared in compliance
with Section 177 of the Companies Act, 2013.
The members of the Audit Committee of the Company as on 31st March,
2025 are as under
Name of Director |
Chairperson/Member |
Designation |
| 1 Mr. Nischal Arvindbhai Sanghavi |
Chairperson |
Non-Executive Independent Director |
| 2 CS Prerana S Bokil |
Member |
Non-Executive Independent Director |
| 3 Mrs. Sharmilaben Lakhanbhai Bambhaniya |
Member |
Executive Director |
There was no occasion regarding non acceptance of any recommendation of
the Audit Committee during the year.
The Audit Committee Meetings were duly convened during the year ended
31st March, 2025 detailed as follows:
Date of meeting |
No. of Directors eligible to attend
meeting |
No. of Directors attended meeting |
| 22.05.2024 |
3 |
3 |
| 04.06.2024 |
3 |
3 |
| 21.06.2024 |
3 |
3 |
| 08.11.2024 |
3 |
3 |
21. Details of establishment of vigil mechanism for directors and
employees
Your Company has established a robust Vigil Mechanism for reporting of
concerns through the Whistle Blower Policy of your Company, which is in compliance of the
provisions of section 177 of the Companies Act, 2013, read with rule 7 of the Companies
(Meetings of Board and its Powers) Rules, 2014, and the Listing Regulations. The Policy
provides for framework and process whereby concerns can be raised by its employees against
any kind of discrimination, harassment, victimization or any other unfair practice being
adopted against them. Adequate safeguards are provided against victimization to those who
avail of the mechanism, and access to the Chairman of the Audit Committee, in exceptional
cases, is provided to them.
The company or the Audit committee has not received any such concerns
or whistleblower reporting during the year. The Company has a "VIGIL MECHANISM &
WHISTLE BLOWER POLICY", the copy of which is available on the website of the Company
at
https://www.aimtron.in/wp-content/uploads/2024/10/Vigil-Mechanism-Whistle-Blower-Policy.pdf
22. Nomination and Remuneration Committee
The Nomination and Remuneration Committee is constituted in accordance
with the Section 178 of the Companies Act, 2013 read with Rule 6 of the Companies (Meeting
of board and its power) Rules, 2014.
The members of Nomination and Remuneration Committee of the Company as
on 31st March, 2025 are as under:
Name of Director |
Chairperson/Member |
Designation |
| 1 Mr. Nischal Arvindbhai Sanghavi |
Chairperson |
Non-Executive Independent Director |
| 2 CS Prerana S Bokil |
Member |
Non-Executive Independent Director |
| 3 Mr. Mukesh Jeram Vasani |
Member |
Non-Executive Director |
The policy formulated by nomination and remuneration committee:
The terms of reference of the committee inter alia include succession
planning for Board of Directors and Senior Management Employees, identifying and selection
of candidates for appointment of Directors/Independent Directors based on certain laid
down criteria, identifying potential individuals for appointment of Key Managerial
personnel and other senior managerial position and review the performance of the Board of
Directors and Senior Management personnel including Key managerial personnel based on
certain criteria approved by the Board. While reviewing the performance, the committee
ensures that the remuneration is reasonable and sufficient to attract, retain and motivate
the best managerial talents, remuneration commensurate with the performance of individual
and group and also maintains a balance between both short and long-term objectives of the
company. The detailed policy can be referred on our website at: https://www.aimtron.
in/wp-content/uploads/2024/10/Nomination-and-Remuneration-Policy.pdf
The Nomination and Remuneration Committee Meeting was duly convened
during the year ended 31st March, 2025 as detailed below:
Date of meeting |
No. of Directors eligible to attend
meeting |
No. of Directors attended meeting |
| 13.08.2024 |
3 |
3 |
23. Stakeholders' Relationship Committee:
The Stakeholders' Relationship Committee is constituted in
accordance with the Section 178(5) of the Companies Act, 2013.
The members of Stakeholders Committee of the Company as on 31st March,
2025 are as under:
Name of Director |
Designation |
| 1 Mr. Nischal |
Non-Executive |
| Arvindbhai Sanghavi |
Independent Director |
| 2 CS Prerana S Bokil |
Non-Executive |
|
Independent Director |
| 3 Mrs. Sharmilaben |
Executive Director |
| Lakhanbhai |
|
| Bambhaniya |
|
The Stakeholders' Relationship Committee Meeting was duly convened
during the year ended 31st March, 2025
Date of meeting |
No. of Directors eligible to attend
meeting |
No. of Directors attended meeting |
| 29.03.2025 |
2 |
2 |
24. Particulars of loans, guarantees or investments under section 186:
The company has made an Investment of H 5,18,26,320
(USD 5,88,000) and Incorporated wholly owned subsidiary at Texas by
acquiring 100% stake in form of 58,800 equity shares of 10 USD within limits as per
consent accorded by the shareholders at the extra ordinary general meeting held on 2nd
November, 2023.
The Company has not given any guarantees or made investments under
section 186 to any person or body corporate except loans to employees of the Company as
per Company's policy for employees during the year under review.
25. Particulars of contracts or arrangements with related parties:
During the year under review, pursuant to the 4th proviso of Section
188(1) of the Companies Act, 2013, the Company has entered into transactions with related
parties that are in the ordinary course of business and on arm's length basis
mentioned below:
Name of related party |
Relationship |
Nature of transaction |
| 1. Aimtron Electronics LLC |
Wholly owned subsidiary |
Purchase & Sales Services provided |
| 2. Aimtron Corporation USA |
Company under same management |
Purchase & Sales Services provided |
| 3. American Pinball USA |
Company under same management |
Sales Services provided |
| 4. Aimtron Systems LLC USA |
Company under same management |
Purchase & Sales Services provided |
| 5. Aimtron Technologies LLC |
Company under same management |
Sales Services provided |
| 6 Aimtron Foundation |
Company under same management |
CSR Activities |
| 7. Aimtron Technologies Private Limited |
Company under same management |
Services availed Renting of Premises |
Therefore, the related party transactions executed do not require any
approval of the Board of Directors or shareholders under the Section 188 of the Act.
However, the Company has taken necessary omnibus approvals from the Audit Committee for
executing related party transactions during the period under review.
As per recent amendments, Regulation 23 shall become applicable to the
Company from 1st April, 2025 and therefore for any material related transactions as per
the provisions of Regulation 23 of SEBI (LODR) Regulations, 2015, prior approval of
shareholders shall be required. The Board of Directors of the Company at their meeting
held on 23rd April, 2025 recommended to accord consent from shareholders of the Company at
the ensuing annual general meeting of the Company.
Pursuant to related party transactions under Section 188(1)(f) of the
Companies Act, 2013 i.e. for Renting of premises with Aimtron Technologies Private
Limited, Form AOC 2 is attached herewith (Annexure-B).
26. Managerial Remuneration
Disclosures pursuant to section 197(12) of the Companies Act, 2013 read
with Rule 5(1), 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014 are enclosed herewith (Annexure-C).
27. Secretarial Audit Report
During the year under review, M/s DRP & Associates, Practicing
Company Secretaries has been appointed as the secretarial auditor of the company as per
the provisions of Section 204 and other applicable provisions, if any of the Companies
Act, 2013 for the F.Y.
2024-25 at the meeting of the Board of Directors held on 6th July,
2024.The Secretarial audit report for the period under review is attached here as (Annexure
-E).
28. Corporate Governance Report
Being Company got listed on NSE Emerge platform on 6th June, 2024 as
SME, and pursuant to the provisions of Regulation 15 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, the compliance with the corporate governance
provisions as specified in regulations 17 to 27 and clause (b) to (i) of sub-regulation
(2) of regulation 46 and Para C, D and E of schedule V are not applicable to the Company
being SME Listed Company.
Hence Corporate Governance does not form part of this Board's
Report.
29. Management Discussion and Analysis
A detailed review of the operations, performance and future outlooks of
the Company and its businesses is given in the management discussion and analysis report
as stipulated in Regulation 34 (2) (e) of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulation, 2015 has been annexed to
Directors' report herewith.
30. Code of Conduct
The Company has adopted a code of conduct for its directors and senior
designated management personnel. All the Board members and senior management personnel
have affirmed their compliance of code of conduct.
ThedetailpolicyontheCodeofConductisavailableonthewebsiteathttps://www.aimtron.in/wp-content/uploads/2024/10/
POLICY-ON-CODE-OF-CONDUCT-FOR-BORD-OF-DIRECTORS-AND-SENIOR.pdf
31. Risk management policy
In today's economic environment, risk management is a very
important part of business. The main aim of risk management is to identify, monitor and
take precautionary measures in respect of the events that may pose risks for the business.
Your Company's risk management is embedded in the business processes. Your company
has identified the following risks:
Key Risk |
Impact to Aimtron Electronics Limited |
Mitigation Plans |
| Commodity Price Risk |
Risk of price fluctuation on basic raw
materials like steel, components, power as well as finished goods used in the process of
manufacturing. |
The Company commands excellent business
relationship with the buyers. In case of major fluctuation either upwards or downwards,
the matter will be mutually discussed and compensated both ways. Also by focusing on new
value added products helps in lowering the impact of price fluctuation in finished goods. |
| Interest Rate Risk |
Any increase in interest rate can affect the
finance cost. |
Dependence on debt is very minimum and
Company has enough funds to meet the need arises. |
| Foreign Exchange Risk |
Any volatility in the currency market can
impact the overall profitability. |
The Company has potentiality in domestic
market. In case of major fluctuation either upwards or downwards, the effect will be
minimal. |
| Human Resources Risk |
Your Company's ability to deliver value
is dependent on its ability to attract, retain and nurture talent. Attrition and
non-availability of the required talent resource can affect the overall performance of the
Company |
By continuously benchmarking of the best HR
practices and carrying out necessary improvements to attract and retain the best talent.
Company does not anticipate any major issue for the coming years. |
| Competition Risk |
Every company is always exposed to
competition risk. The increase in competition can create pressure on margins, market share
etc. |
By continuous efforts to enhance the brand
image of the Company by focusing on quality, cost, timely delivery and customer service.
By introducing new product range commensurate with demands, your company plans to mitigate
the risks so involved. |
| Compliance Risk – Increasing regulatory
Requirements. |
Any default can attract penal provisions. |
By regularly monitoring and review of
changes in regulatory framework. |
| Industrial Safety, Employee Health and Safety
Risk. |
The engineering industry is exposed to
accidents and injury risk due to human negligence. |
By development and implementation of
critical safety standards across the various departments of the factory, establishing
training need identification at each level of employee. |
32. Directors' Responsibility Statement
Your Directors' state that— a. In the preparation of the
annual accounts, the applicable accounting standards had been followed along with proper
explanation relating to material departures; b. the directors had selected such accounting
policies and applied them consistently and made judgments and estimates that are
reasonable and prudent so as to give a true and fair view of the state of affairs of the
company at the end of the financial year and of the profit and loss of the company for
that period; c. the directors had taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of this Act for safeguarding
the assets of the company and for preventing and detecting fraud and other irregularities;
d. the directors had prepared the annual accounts on a going concern basis;
e. the directors had laid down internal financial controls to be
followed by the company and that such internal financial controls are adequate and were
operating effectively; f. 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.
33. Compliance with Secretarial Standards and SEBI (Listing Obligation
and Disclosure Requirement) Regulations 2015:
The Company has complied with secretarial standards issued by the
Institute of Company Secretaries of India and SEBI (Listing Obligations and Disclosure
Requirement) Regulations 2015 from time to time.
34. Disclosure regarding maintenance of Cost Records:
Cost records as specified by the Central Government under sub-section 1
of section 148 of the Companies Act, 2013, are maintained by the Company for the financial
year 2024-25.
35. Details of fraud reported by auditors under sub-section (12) of
section 143 other than those which are reportable to the Central Government.
There was no fraud reported by auditors under subsection (12) of
section 143 other than those which are reportable to the Central Government.
36. Details of proceedings under the Insolvency and Bankruptcy Code,
2016
There was no proceeding pending against the Company under the
Insolvency and Bankruptcy Code, 2016 during the year under review.
37. Disclosure under the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013:
The Company has been employing about 42 women employees in various
cadres within the organization. The Company has in place an anti-harassment policy in line
with the requirements of the Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013. Internal Complaint Committee is in place to redress
complaints received regularly and are monitored by women line supervisors who directly
report to the Executive Director. All employees (permanent, contractual, temporary,
trainees) are covered under the policy. There was no complaint during the financial year
2024-25 and hence no complaint is outstanding as on 31.03.2025 for redressal.
(a) number of complaints of sexual harassment received in the year: 0
(b) numberofcomplaintsdisposedoffduringtheyear:0
(c) number of cases pending for more than ninety days:0
38. Insider Trading Code
As per SEBI (Prohibition of Insider Trading) Regulation, 2015, the
Company has adopted a Code of Conduct for Prevention of Insider Trading. The Company has
appointed Company Secretary as Compliance Officer who is responsible for setting forth
procedures and implementing the code for trading in Company's securities.
The Insider trading code is layed down the policy of the company named
as ‘Policy on Code of Practices and Procedures for Fair Disclosure of UPSI'
uploaded on the website of the company at
https://www.aimtron.in/wp-content/uploads/2024/10/Policy-on-Code-of-Practices-and-Procedures-for-Fair-Disclosure-of-UPSI.pdf
During the year under review, there has been due compliance with the
said code.
39. The 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 requirement relating to disclosure of the difference between the
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 is not applicable, as the
Company has not entered into any one-time settlement with any Bank or Financial
Institution during the financial year.
40. Compliance with the provisions relating to the Maternity Benefits
Act, 1961
The Company hereby states that it is in compliance with the provisions
of the Maternity Benefit Act, 1961. and provide necessary benefits and facilities, as
mandated under the Act, as and when such requirements arise.
41. Disclosure of Certain Types of Agreements Binding Listed Entities
Pursuant to Clause 5A of Paragraph A of Part A of Schedule III of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board
confirms that no agreement, as specified under the said clause, was entered into by the
Company during the financial year 2024–25.
42. Acknowledgements
The Board of Directors gratefully acknowledge the assistance and
co-operation received from the auditors, ICICI Bank, HDFC Bank and all other statutory and
non-statutory agencies for their co-operation. The Board of Directors also wish to place
on record their gratitude and appreciation to the members for their trust and confidence
shown in the Company. The Board of Directors would like to especially thank all the
employees of the Company for their dedication and loyalty.
|
By Order of the Board of Directors |
Mukesh Jeram Vasani |
Sharmilaben |
| Director & Chairman |
Lakhanbhai Bambhaniya |
| DIN: 06542536 |
Whole-time Director |
|
DIN: 08540149 |
| Date: 21.08.2025 |
|
Registered Office: |
|
| Plot No 1/A, G.I.D.C. Estate, Vadodara, |
|
| Waghodia, Gujarat, India, 391760 |
|