Dear Shareholders,
The Board of Directors hereby submits the report of the business and operations of your
Company ("the Company"), along with the Standalone Audited Financial Statements
for the Financial Year ended on 31st March, 2025.
FINANCIAL RESULTS:
The Company's financial performance for the year ended on 31stMarch, 2025 is summarized
below:
PARTICULARS |
Standalone |
|
31.03.2025 |
31.03.2024 |
| Net Sales/Income from Operations |
33681.91 |
13473.25 |
| Other Income |
258.88 |
68.51 |
| Total Revenue (I+II) |
33940.79 |
13541.76 |
| Earnings Before Interest, Taxes, Depreciation and Amortization Expense |
2,349.96 |
1,272.77 |
| Finance Cost |
124.59 |
57.53 |
| Depreciation and Amortization Expense |
27.13 |
26.14 |
| Extraordinary Items (Prior Period Items) |
- |
3.52 |
| Profit Before Tax (IV-V-VI) |
2198.24 |
1185.58 |
| Tax Expense: |
|
|
| Less: Current Tax Expense |
421.85 |
304.84 |
| Less: Deferred Tax |
-2.05 |
-3.34 |
| Less: Tax Expense of Earlier Years |
- |
7.93 |
| Profit After Tax (VIII-IX) |
1778.43 |
876.15 |
DIVIDEND:
For the Financial Year 2024-25, The Board is happy to report an encouraging financial
performance but the inability to recommend any dividend is regretted as it is considered
prudent to conserve the resources for Investment in Business.
TRANSFER TO RESERVES:
During the year, the Company has not transferred any amount to Reserve and Surplus.
However, The Security Premium Account of Rs. 4916.16 has been transferred to reserves and
Surplus
BUSINESS DESCRIPTION:
We are specialized in Management and Technical Advisory firm catering to the Oil and
Gas sector, with a strong focus on delivering end-to-end gas distribution solutions to
industrial clients across India. The Company's service offerings span commercial and
financial advisory, project management, and operations & maintenance (O&M)
services, providing a 360-degree support framework for gas infrastructure and
distribution.
CHANGE IN NATURE OF BUSINESS:
During the year, your Company has not changed its business or object and continues to
be in the same line of business as per main object of the Company.
THE REGISTERED OFFICE:
The registered office of the company is situated at Office No. 3, IT Tower-2, Ground
Floor, Infocity, Gandhinagar-382007, Gujarat, India.
SHARE CAPITAL:
During the year under review, the authorized and paid-up share capital of the Company
are as follows:
• AUTHORIZED CAPITAL:
The Authorised Capital of the Company is ^ 8,00,00,000/- divided into 80,00,000 Equity
Shares of ^ 10/- (Rupees Ten Only) each.
• ISSUED, SUBSCRIBED & PAID-UP CAPITAL:
As on 31st March, 2025, the issued, subscribed and paid- up capital of the Company is ^
7,60,04,000/- divided into 76,00,400 Equity Shares of ^ 10/- (Rupees Ten Only) each.
During the Financial year, the Company has come out with the Initial Public offer of
20,48,400 Equity Shares of Face Value of ^ 10/- each at a Price of ^ 250/- Per Equity
Share Including a Share Premium of ^ 240/- Per Equity Share aggregating to ^ 5,121.00
Lakhs. The said equity shares are listed and traded on NSE Limited w.e.f. 20th August,
2024.
BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:
As on the date of this report, the Board comprises of following Directors;
Name of Director |
Designation |
Date of Original Appointment |
Date of Resignation |
No. of Shares held as on 31stMarch, 2025 |
| Mr. Rajiv Menon |
Managing Director |
15/02/2008 |
-- |
17,12,000 Equity Shares |
| Mr. Sujit Sugathan |
Whole Time Director & Chief Financial Officer |
15/02/2008 |
-- |
17,68,000 Equity Shares |
| Mr. Manav Bahri |
Whole Time Director & Chief Executive Officer |
15/02/2008 |
-- |
17,13,200 Equity Shares |
| Mr. Bibhasendu Mohapatra |
Non-Executive Independent Director |
17/01/2024 |
24/06/2024 |
Nil |
| Dr. Safalta Gupta |
Non-Executive Independent Director & Chairperson |
17/01/2024 |
-- |
Nil |
| Mr. Devanutosh Kothari |
Non-Executive Independent Director |
18/07/2024 |
08/10/2024 |
Nil |
| Mr. Suresh Ayyappankutty |
Non-Executive Director |
17/01/2024 |
-- |
Nil |
| Ms. Sheela Varma |
Non-Executive Independent Director |
08/10/2024 |
-- |
Nil |
| Mr. Devang Shah |
Company Secretary |
17/01/2024 |
16/12/2024 |
Nil |
| Ms. Madhuri Mistry |
Company Secretary |
16/12/2024 |
-- |
Nil |
Pursuant to the provisions of Section 152 of the Companies Act, 2013 and the Articles
of Association of the Company, Mr. Manav Bahri (DIN: 01959472) will retire by rotation at
the ensuing Annual General Meeting of the Company and being eligible, offers himself for
reappointment.
None of the Directors of the Company are disqualified under the provisions of Section
164(2) of the Companies Act, 2013.
DISCLOSURE BY DIRECTORS:
The Directors on the Board have submitted notice of interest under Section 184(1) i.e.
in Form MBP 1, intimation under Section 164(2) i.e. in Form DIR 8, List of relatives and
declaration as to compliance with the Code of Conduct of the Company.
BOARD MEETING:
Regular meetings of the Board are held at least once in a quarter. Additional Board
meetings are convened, as and when require, to discuss and decide on various business
policies, strategies and other businesses. The Board meetings are generally held at the
registered office of the Company.
During the year under review, Board of Directors of the Company met 10 (ten) times.
Details of Meeting and their attendance as below:
Date of Board Meeting |
Name of Director |
|
Rajiv Menon |
Sujit Sugathan |
Manav Bahri |
Bibhasendu Mohapatra |
Safalta Gupta |
Devanutosh Kothari |
Suresh Ayyappankutty |
Sheela Varma |
| 08/04/2024 |
Yes |
Yes |
Yes |
Yes |
Yes |
NA |
Yes |
NA |
| 24/06/2024 |
Yes |
Yes |
Yes |
NA |
Yes |
NA |
Yes |
NA |
| 18/07/2024 |
Yes |
Yes |
Yes |
NA |
Yes |
Yes |
Yes |
NA |
| 20/07/2024 |
Yes |
Yes |
Yes |
NA |
Yes |
Yes |
Yes |
NA |
| 16/08/2024 |
Yes |
Yes |
Yes |
NA |
Yes |
Yes |
Yes |
NA |
| 20/09/2024 |
Yes |
Yes |
Yes |
NA |
Yes |
Yes |
Yes |
NA |
| 08/10/2024 |
Yes |
Yes |
Yes |
NA |
Yes |
Yes |
Yes |
Yes |
| 12/11/2024 |
Yes |
Yes |
Yes |
NA |
Yes |
NA |
Yes |
Yes |
| 16/12/2024 |
Yes |
Yes |
Yes |
NA |
Yes |
NA |
Yes |
Yes |
| 14/03/2025 |
Yes |
Yes |
Yes |
NA |
Yes |
NA |
Yes |
Yes |
The meetings of the Board of the Companies within the intervals provided in section 173
of the Companies Act, 2013 (120 days) were compiled between two Board Meetings.
INDEPENDENT DIRECTORS:
The Company has received necessary declaration from each Independent Director under
Section 149 (7) of the Companies Act, 2013 that they meet the criteria of independence
laid down in Section 149 (6) of the Act. A separate meeting of Independent Directors was
held to review the performance of Non-Independent Directors and Board as whole and
performance of Chairperson of the Company including assessment of quality, quantity and
timeliness of flow of information between Company management and Board.
The terms and conditions of appointment of Independent Directors and Code for
Independent Director are incorporated on the website of the Company viz.
www.positron-india.com
DETAILS OF KEY MANAGERIAL PERSONNEL:
In terms of Section 203 of the Companies Act, 2013, Mr. Rajiv Menon-Managing Director,
Mr. Sujit Sugathan- Whole Time Director and Chief Financial Officer, Mr. Manav Bahri-Whole
Time Director and Ms. Madhuri Mistry-Company Secretary & Compliance Officer is the key
managerial personnel of the Company.
UTILIZATION OF FUND RAISED FROM IPO (initial Public Offer):
During the period under review, the Company has raised moneys by way of Initial Public
offer of 20,48,400 Equity Shares of Face Value of ^ 10/- Each at a Price of ^ 250/- Per
Equity Share Including a Share Premium of ^ 240/- Per Equity Share aggregating to ^
5,121.00 Lakhs. The money as raised have been applied for the purposes for which those are
raised till March 31, 2025 as follows:
S. No. |
Object of the Issue |
Amount allotted for the object |
Amount utilized till March 31, 2025 |
Amount unutilized till March 31, 2025 |
| 1 |
To Meet Working Capital Requirements |
3,820.00 |
3,820.00 |
- |
| 2 |
General Corporate Purposes |
862.33 |
862.33 |
- |
| 3 |
Issue related Expenses |
438.67 |
438.67 |
- |
| Total |
|
5,121.00 |
5,121.00 |
- |
PERFORMANCE EVALUATION:
The Board of Directors has carried out an annual evaluation of its own performance
board committees and individual directors pursuant to the provisions of the Act. The
performance of the board was evaluated by the board after seeking inputs from all the
directors on the basis of the criteria such as the board composition and structure
effectiveness of board processes information and functioning etc.
The performance of the committees was evaluated by the board after seeking inputs from
the committee members on the basis of the criteria such as the composition of committees,
effectiveness of committee meetings etc. In addition, the performance of chairman was also
evaluated on the key aspects of his role.
The Board has reviewed the performance of the individual Directors on the basis of the
criteria such as the contribution of the individual Director to the Board and Committee
Meetings like preparedness on the issues to be discussed meaningful and constructive
contribution and inputs in meetings etc.
DIRECTORS' RESPONSIBILITY STATEMENT:
Pursuant to section 134(5) of the Companies Act, 2013; the Board of Directors to the
best of their knowledge and ability confirm that:
a) In preparation of Annual Accounts for the year ended 31st March, 2025; the
applicable accounting standards have been followed and that no material departures have
been made from the same;
b) The Directors have selected such accounting policies and applied them consistently
and have 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 or loss of the Company for that year;
c) The Directors have taken proper and sufficient care 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 Directors have prepared the Annual Accounts for the year ended 31st March, 2025
on going concern basis;
e) The Directors have laid down the internal financial controls to be followed by the
Company and that such Internal Financial Controls are adequate and were operating
effectively; and
f) The Directors have devised proper systems to ensure compliance with the provisions
of all applicable laws and that such systems were adequate and operating effectively.
COMMITTEE OF BOARD:
The Board of Directors in line with the requirement of the Companies Act, 2013 has
formed various committees, details of which are given hereunder:
A. AUDIT COMMITTEE:
NAME |
Category |
Designation |
Attendance at the Audit Committee Meetings held on |
|
|
|
24/06/2024 1 |
20/07/2024 |
12/11/2024 |
03/03/2025 |
| Dr. Safalta Sachin Gupta |
Non-Executive Independent Director |
Chairperson |
Yes |
Yes |
Yes |
Yes |
| Mr. Bibhasendu Mohapatra |
Non-Executive Independent Director |
Member (resigned w.e.f. 24/06/2024) |
Yes |
NA |
NA |
NA |
| Mr. Devanutosh Kothari |
Non-Executive Independent Director |
Member |
NA |
Yes |
NA |
NA |
| Mrs. Sheela Varma |
Non-Executive Independent Director |
Member |
NA |
NA |
Yes |
Yes |
| Mr. Sujit Sigathan |
Whole Time Director and CFO |
Member |
Yes |
Yes |
Yes |
Yes |
Vigil Mechanism:
The Company has established a vigil mechanism and accordingly framed a Whistle Blower
Policy. The policy enables the employees to report to the management instances of
unethical behavior actual or suspected fraud or violation of Company's Code of Conduct.
Further the mechanism adopted by the Company encourages the Whistle Blower to report
genuine concerns or grievances and provide for adequate safeguards against victimization
of the Whistle Blower who avails of such mechanism and also provides for direct access to
the Chairman of the Audit Committee in exceptional cases. The functioning of vigil
mechanism is reviewed by the Audit Committee from time to time. None of the Whistle
blowers has been denied access to the Audit Committee of the Board. The Whistle Blower
Policy of the Company is available on the website of the Company.
B. STAKEHOLDER'S RELATIONSHIP COMMITTEE:
NAME |
CATEGORY |
DESIGNATION |
Attendance at the Stakeholder's Relationship Committee Meetings
held on 12/11/2024 |
| Ms. Sheela Varma |
Non-Executive Independent Director |
Chairperson |
Yes |
| Dr. Safalta Gupta |
Non-Executive Independent Director |
Member |
Yes |
| Ms. Suresh Ayyapankutty |
Non-Executive Director |
Member |
Yes |
C. NOMINATION AND REMUNERATION COMMITTEE:
NAME |
Category |
DESIGNATION |
Attendance at the Nomination and Remuneration Committee
Meetings held on |
|
|
|
24/06/2024 |
18/07/2024 |
08/10/2024 |
| Mr. Bibhasendu Mohapatra |
Non-Executive Independent Director |
Chairperson (from 20/02/2024 to 24/06/2024) |
YES |
NA |
NA |
| Mr. Devanutosh Kothari |
Non-Executive Independent Director |
Chairperson (from 18/07/2024 to 08/10/2024) |
NA |
Yes |
Yes |
| Ms. Sheela Varma |
Non-Executive Independent Director |
Chairperson (appointed w.e.f. 08/10/2024) |
NA |
NA |
YES |
| Dr. Safalta Gupta |
Non-Executive Independent Director |
Member |
Yes |
Yes |
Yes |
| Ms. Suresh Ayyapankutty |
Non-Executive Director |
Member |
Yes |
Yes |
Yes |
CODE OF CONDUCT
Pursuant to the provisions of Regulations 8 & 9 of SEBI (Prohibition of Insider
Trading) Regulations, 2015, the Board of Directors has formulated, implemented and has in
place a comprehensive "Code of Fair Disclosure of Unpublished Price Sensitive
Information" & "Code of Conduct for Prevention of the Insider Trading"
for regulating, monitoring and reporting the trading by Designated persons of the Company
which exemplifies the spirit of good ethics and governance and is applicable to the
Designated personnel of the Company which includes Promoters, Promoter Group, Key
Managerial Personnel's, Directors, Senior Management and such other employees of the
Company and others in fiduciary relationships and as may be approved by the Board of
Directors, from time to time, based on the fact of having access to unpublished price
sensitive information. The referred Code(s) lays down guidelines advising the Designated
Personnel on procedures to be followed and disclosures to be made while dealing with the
securities of the Company.
Further, the Board Members and Senior Management Personnel have affirmed compliance
with the code of conduct. A declaration with regards to compliance with the Code of
Conduct for the Financial Year 2024-2025 has been received by the Company from the
Managing Director.
NOMINATION AND REMUNERATION POLICY:
Nomination and Remuneration Policy in the Company is designed to create a
high-performance culture. It enables the Company to attract motivated and retained
manpower in competitive market, and to harmonize the aspirations of human resources
consistent with the goals of the Company. The Company pays remuneration by way of salary,
benefits, perquisites and allowances to its Executive Directors and Key Managerial
Personnel.
The Nomination and Remuneration Policy is placed on the website of the Company viz.
www.positron-india.com.
REMUNERATION OF DIRECTORS:
During the financial year Directors remuneration are as under:
Sr. No |
Name of Director |
Designation of Director |
Remuneration |
| 1 |
Raiiv Menon |
Managing Director |
48.00 p.a. |
| 2 |
Suiit Sugathan |
Whole Time Director & CFO |
48.00 p.a. |
| 3 |
Manav Bahri |
Whole Time Director & CEO |
48.00 p.a. |
PUBLIC DEPOSIT:
The company has not accepted any deposits from the public. Hence the directives issued
by the Reserve Bank of India & the Provision of Section 73 to 76 of the Company Act
2013 or any other relevant provisions of the Act and the Rules there under are not
applicable.
PARTICULARS OF LOANS GUARANTEES INVESTMENTS & SECURITY:
Details of Loans Guarantees Investments and Security covered under the provisions of
Section 186 of the Companies Act, 2013 are given in the notes to the Financial Statement
and the same is complied.
ANNUAL RETURN:
Pursuant to the amendments to Section 134(3)(a) and Section 92(3) of the Act read with
Rule 12 of the Companies (Management and Administration) Rules, 2014, the Annual Return
(Form MGT-7) for the financial year ended March 31, 2025, is available on the Company's
website viz. www.positron-india.com
SUBSIDIARIES OF THE COMPANY:
During the year under review, the Company does not have any subsidiary Company.
ASSOCIATES AND JOINT VENTURE OF THE COMPANY:
During the year under review, the Company does not have any Associate or Joint Venture.
CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:
During the financial year 2024-25, there was no materially significant related party
transaction undertaken by the Company under Section 188 of the Companies Act, 2013 read
with rules framed there under and Regulation 23 of SEBI (LODR) Regulations, 2015 that may
have potential conflict with the interest of the Company. Disclosure on related party
transactions is annexed to the financial statement of the Company in AOC-2 attached as Annexure
A.
CORPORATE SOCIAL RESPONSIBILITY:
As per the provisions of section 135 of the Companies Act, 2013 the mandated spend on
CSR activities for the financial year 202425 is ^ 10.35 lakhs. During the year under
review, your Company has spent ^ 11.00 lakhs on CSR activities. The surplus amount of ^
00.65 lakhs spent during the financial year 2024-25 is being set off against the required
CSR spend for the financial year 2025-26 thereby aggregating the CSR spent to ^ 11.00
lakhs as per the provisions of the Companies Act, 2013.
The Annual report on CSR activities as required under Rule 8 of the Companies
(Corporate Social Responsibility Policy) Rules, 2014 read with section 134(3) and 135(2)
of the Companies Act, 2013, as amended, has been annexed as Annexure - B and forms
an integral part of this report.
The policy for Corporate Social Responsibility is available on the website of the
Company viz. www.positron-india.com.
MATERIAL CHANGES AND COMMITMENT:
There are no material changes and commitments affecting the financial position of the
Company have occurred between the ends of Financial Year of the Company i.e. 31st March,
2025 to the date of this Report other than as stated above.
SIGNIFICANT AND MATERIAL ORDERS:
There are no significant and material orders passed by the regulators or courts or
tribunals which impact the going concern status and the Company's operations in future.
SEXUAL HARASSMENT OF WOMEN AT WORKPLACE:
To foster a positive workplace environment free from harassment of any nature we have
framed Prevention of Sexual Harassment Policy through which we address complaints of
sexual harassment at all workplaces of the Company. Our policy assures discretion and
guarantees non-retaliation to complainants. We follow a gender- neutral approach in
handling complaints of sexual harassment and we are compliant with the law of the land
where we operate.
Number of sexual harassment complaints received- Nil
Number of sexual harassment complaints Disposed-off during the year- Nil
Number of sexual harassment cases pending for a period exceeding ninety days- Nil
ENERGY CONSERVATION TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:
The information on conservation of energy technology absorption and foreign exchange
earnings and outgo stipulated under Section 134(3)(m) of the Act read with Rule 8 of The
Companies (Accounts) Rules 2014 as amended from time to time is annexed to this Report as Annexure
- C.
SECRETARIAL STANDARDS OF ICSI:
The Company is in compliance with the Secretarial Standard on Meetings of the Board of
Directors (SS-1) and General Meeting (SS-2) issued by the Institute of Company Secretaries
of India and approved by the Central Government.
RISK MANAGEMENT:
A well-defined risk management mechanism covering the risk mapping and trend analysis
risk exposure potential impact and risk mitigation process is in place. The objective of
the mechanism is to minimize the impact of risks identified and taking advance actions to
mitigate it. The mechanism works on the principles of probability of occurrence and impact
if triggered. A detailed exercise is being carried out to identify evaluate monitor and
manage both business and non-business risks.
LISTING
The Equity Shares of the Company remain listed on "NSE Limited". The Company
has already paid the annual listing fees for the Financial Year 2025-2026 to maintain its
listing status on NSE Limited. In addition to that, the Company has also paid the Annual
Custody Charges for the Financial Year 2025-2026 to National Securities Depository Limited
(NSDL) and Central Depository Services (India) Limited (CDSL).
INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:
The Company has adequate and efficient internal and external control system, which
provides protection to all its assets against loss from unauthorized use and ensures
correct reporting of transactions. The internal control systems are further supplemented
by internal audits carried out by the respective Internal Auditors of the Company and
Periodical review by the management. The Company has put in place proper controls, which
are reviewed at regular intervals to ensure that transactions are properly authorised,
correctly reported and assets are safeguarded.
CORPORATE GOVERNANCE:
Integrity and transparency are key factors to our corporate governance practices to
ensure that we achieve and will retain the trust of our stakeholders at all times.
Corporate governance is about maximizing shareholder value legally, ethically and
sustainably. Our Board exercises its fiduciary responsibilities in the widest sense of the
term. Our disclosures seek to attain the best practices in international corporate
governance. We also endeavor to enhance long-term shareholder value and respect minority
rights in all our business decisions.
The Company is listed on NSE EMERGE Platform. Hence, filing of Corporate Governance
report for the year ended March 31, 2025 is not applicable to Company.
MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
In terms of Regulation 34 and Schedule V of SEBI (Listing Obligations and Disclosure
Requirements) Regulations 2015 a review of the performance of the Company for the year
under review Management Discussion and Analysis Report is presented in a separate section
which is annexed to this Report as Annexure - D.
STATUTORY AUDITOR AND THEIR REPORT:
At the 16th Annual General Meeting held on July 22, 2024, the members approved
appointment of M/s. Abhishek Kumar & Associates, Chartered Accountants, Ahmedabad
(Registration No. 130052W) as Statutory Auditors of the Company to hold office for a
period of five years from the conclusion of 16th AGM up to the conclusion of 21st AGM.
There are no qualifications, reservations or adverse remarks or disclaimers made by the
auditors in their report on the financial statements of the Company for the Financial Year
ended March 31, 2025. The notes on the Financial Statements referred to in the Auditors'
Report are self-explanatory and do not call for any comments or explanations.
INTERNAL AUDITOR
The Board of Directors has officially appointed Ms. Renuka Gunvantbhai Mevada, Senior
Accountant, an employee of the Company as an Internal Auditor of the Company for the
Financial Year 2024-2025 to conduct the Internal Audit of the Company. This strategic
decision demonstrates our commitment to upholding and enhancing proper and effective
internal financial control.
COST AUDITOR
The Board of Directors have appointed M/s Alok Sharma & Company, Cost Accountants
(Registration No.20551) as a Cost Auditor of the Company for the Financial Year 2024-2025
to conduct the Cost Audit of the Company. This appointment reflects the Company's
commitment to maintaining robust cost control measures and ensuring transparency and
efficiency in its financial and operational processes.
SECRETARIAL AUDITOR AND THEIR REPORT:
The Board of Directors has appointed M/s. Nirav Shah & Associates, Practicing
Company Secretary to serve as the Secretarial Auditor for out esteemed Company for
Financial Year 2024-25. The Secretarial Audit Report received from M/s. Nirav Shah &
Associates, Practicing Company Secretary, is attached herewith as ANNEXURE - E.
The Secretarial Audit Report does not contain any qualification reservation or adverse
remark.
PARTICULARS OF EMPLOYEES U/S 197(12) OF THE COMPANIES ACT, 2013:
The Information & Statement of Particulars of employees pursuant to Section 197 of
the Companies Act, 2013 and Rule 5 (1) & 5 (2) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 is annexed to this report as Annexure
- F.
REPORTING OF FRAUD:
The Auditors of the Company have not reported any fraud as specified under Section
143(12) of the Companies Act, 2013.
WEBSITE:
As per Regulation 46 of SEBI (Listing Obligation and Disclosure Requirements)
Regulations 2015 the Company has maintained a functional website containing basic
information about the Company. The website of the Company is containing information like
Policies, Shareholding Pattern, Financial and information of the designated officials of
the Company who are responsible for assisting and handling investor grievances for the
benefit of all stakeholders of the Company etc.
GENERAL DISCLOSURE:
Your Directors state that the Company has made disclosures in this report for the items
prescribed in section 134 (3) of the Act and Rule 8 of The Companies (Accounts) Rules 2014
and other applicable provisions of the act and listing regulations to the extent the
transactions took place on those items during the year. Your directors further state that
no disclosure or reporting is required in respect of the following items as there were no
transactions on these items during the year under review.
(I) Issue of Equity Shares with differential rights as to dividend, voting or
otherwise;
(II) Issue of shares (including sweat equity shares) to employees of the Company under
any scheme and ESOS;
(III) Application made or any proceeding pending under the Insolvency and Bankruptcy
Code, 2016.
(IV) There is no revision in the Board Report or Financial Statement;
(V) 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.
ACKNOWLEDGEMENT:
Your Directors acknowledge the dedicated service of the employees of the Company during
the year. They would also like to place on record their appreciation for the continued
co-operation and support received by the Company during the year from bankers, business
partners and other stakeholders.
|
|
For and on behalf of Board of Directors |
|
|
Positron Energy Limited |
Date: 02/09/2025 |
Sd/- |
Sd/- |
Place: Gandhinagar |
Mr. Sujit K Sugathan |
Mr. Rajiv Shankarankutty Menon |
Registered Office: |
Whole-time director |
Managing Director |
| Office No. 3, IT Tower-2, Ground Floor, Infocity |
DIN:01959364 |
DIN: 01958636 |