To
The Members,
Transpek Industry Limited
The Directors have pleasure in presenting the Fifty Ninth Annual Report
together with the Stand alone and Consolidated Audited Financial Statements of the Company
for the financial year ended 31 st March, 2025.
1. FINANCIAL RESULTS (Stand-alone)
|
2024-2025 |
2023-2024 |
|
Rs in Lakhs |
Rs in Lakhs |
| Net Sales including Trading and Operating
Income |
64,985.31 |
57,962.68 |
| Other Income |
2,870.78 |
2,515.64 |
| Cash Profit/(Loss) before Extraordinary Items
and Taxes |
11,164.87 |
9,311.41 |
| Profit/(Loss) before Tax |
6,165.93 |
5,551.60 |
| Provision for Taxation |
|
|
Current: |
|
|
| (i) Curr ent Tax |
1,670.00 |
1,150.00 |
| (i) Def erred Tax (Asset) / Liability |
(353.12) |
557.07 |
| (ii) T ax adjustment for earlier years |
(24.98) |
(11.72) |
| Profit/(Loss) after Tax |
4,874.07 |
3,856.25 |
| Balance brought forward from Previous Year |
38,445.49 |
36,159.86 |
| Amount available for appropriation |
42,521.03 |
38,445.49 |
Note: Previous year figures have been regrouped / rearranged
wherever necessary.
2. DIVIDEND:
The Directors' have recommended a Dividend of Rs 20/- (i.e.200%)
per equity shares of Rs 10/- each on the Equity Share Capital of Rs 558.56 Lakhs for the
year ended 31st March, 2025 (previous year Dividend 140% i.e. Rs 14/- per
share).
The dividend will be paid after approval of shareholders, to the
members whose names appear on the Register of Members as on 27th August, 2025
in case of physical shareholding and, in respect of shares in dematerialised form, it will
be paid to members whose names are furnished by the National Securities Depository Limited
and Central Depository Services (India)
Limited, as beneficial owners as on that date. As per Regulation 43A of
SEBI LODR Regulations it is not mandatory for the
Company to have a Dividend Distribution Policy. However, the Company
has a Dividend Distribution Policy, approved by the Board of Directors of the Company. The
said policy is available at https://www.transpek.com/wp-content/uploads/2021/07/
Dividend-Distribution-Policy-1.pdf.
3. RESULTS OF OPERATIONS AND THE STATE OF THE COMPANY'S
AFFAIRS:
The net sale of the Company for the year under review is Rs 64,806.23
Lakhs as compared to Rs 57,878.26 Lakhs in the previous year, an increase of 11.96%.
Export sales have increased to Rs 55,705.73 Lakhs from Rs 50,742.52 Lakhs in the previous
year i.e. an increase of 9.78%. Domestic sales have increased to Rs 9,100.50 Lakhs from Rs
7,135.74 Lakhs in the previous year i.e. an increase of 27.53%. The Company has achieved a
net profit Rs 4,874.07 Lakhs for the year 2024-2025 as againstof Rs 3856.25 Lakhs in the
previous year, i.e. an increase of 26.39%.
4. OUTLOOK:
Details on the outlook are given in the Management Discussion and
Analysis Report.
5. QUALITY, ENVIRONMENT, HEALTH AND SAFETY MANAGEMENT SYSTEMS:
The Company is accredited with Quality - Environment - Occupational
Health & Safety, Energy and Information Security Management systems, QMS ISO
9001:2015, EMS ISO 14001:2015, OHSMS ISO 45001:2018, EnMS ISO 50001:2018, and ISMS ISO
27001:2022. Bureau Veritas India Private Limited is the Certification agency.
The Company is committed to ensure protection of the environment and
maintenance of biodiversity.
The Company continues taking several initiatives to achieve this goal.
The Company places a strong emphasis on ensuring occupational health and safety of the
employees and surrounding population and has very effective safety management systems in
place. The Company is taking many steps towards carbon emission reduction through energy
conservation and using renewable energy source.
The Company is also recognised as “Responsible Care Company”.
We have received certification for Responsible Care for a period of three years from June,
2023 to June, 2026.
As a part of the Corporate Social Responsibility and Sustainable
development, in addition to the other initiatives, the Company has continued membership
with EcoVadis and recently achieved gold Medal in EcoVadis for outstanding sustainability
management practices in areas such as Environment, Labour, Human Rights, Ethics and
Sustainable Procurement. This prestigious achievement places the Company amongst the top
5% of companies evaluated by EcoVadis in Chemical Sector.
6. SUBSIDIARY COMPANY:
Transpek Creative Chemistry Private Limited:
TranspekCreativeChemistryPrivateLimited(TCCPL) is a wholly owned
subsidiary of the Company which was incorporated on 6th January, 2020 with the
objective of pursuing various business opportunities. TCCPL's financial statements
are consolidated with the Company's financial statements.
7. DISCLOSURE UNDER THE COMPANIES ACT, 2013:
Information given below is pursuant to various disclosure requirements
prescribed under the Companies Act, 2013 (hereinafter ‘the Act'), the rules
thereunder and as per the Secretarial Standard IV on the Report of the Board of Directors,
to the extent applicable to the Company and is in addition to those included in
appropriate places in the Corporate Governance Report as prescribed under the SEBI
(Listing Obligations & Disclosure Requirements) Regulations, 2015 [hereinafter
‘SEBI LODR Regulations'] forming part of the Annual Report.
a) CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, 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 and under Part I Disclosures of
Secretarial Standard IV is annexed to this report as ‘Annexure
I'.
b) WEB ADDRESS WHERE ANNUAL RETURN REFERRED TO IN SUB-SECTION (3) OF
SECTION 92 HAS BEEN PLACED:
The Annual Return in form no. MGT 7 as per Section 134 (3) (a) of the
Act read with Rule 8 of Companies (Accounts) Rules, 2014 and Rule 12 of Companies
(Management and Administration) Rules, 2014 is available at https://transpek.com/
wp-content/uploads/2024/10/Form_MGT_7-23-24.pdf
c) REMUNERATION POLICY AND INFORMATION REGARDING REMUNERATION:
Particulars of the Company's Remuneration Policy and information
pursuant to Rule 5 (1) of the Companies (Appointment & Remuneration of Managerial
Personnel) Rules, 2014 are annexed to this report as ‘Annexure II'. A
copy of Policy is placed on the website of the Company
https://www.transpek.com/wp-content/uploads/2022/05/Nomination-and-Remuneration-Policy.pdf
d) CRITERIA FOR APPOINTMENT OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:
The Nomination and
Remuneration Committee shall consider the following aspects and traits for selecting a
person for Directorship: |
The Nomination and
Remuneration Committee shall consider the following aspects and traits for selecting a
person for appointment in Key Managerial position and other Senior Management positions: |
| Qualifications |
Qualifications |
| Age |
Age |
| Expertise and Experience |
Experience and Competence |
Understanding of Governance
and Management Practices |
Industry background |
Independence |
Managerial and Leadership
abilities |
A copy of the Policy is placed on the website of the Company. The link
of the said policy is mentioned at point 7 (c).
e) PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS:
During the year under review, your Company has not directly or
indirectly ·
(i) giv en any loan to any person or other body corporate other than
usual advances envisaged in a contract for supply of materials or equipment or job work,
if any;
(ii) giv en any guarantee or provided security in connection with a
loan to any other body corporate or person; and
(iii) acq uired by way of subscription, purchase or otherwise, the
securities of any other body corporate.
f) RELATED PARTY TRANSACTIONS:
During the year under review, all the Related Party Transactions of
repetitive nature were in the ordinary course of business and on an arm's length
basis. Those transactions and subsequent material modification were entered into after the
Audit Committee of Directors' prior approval or approval in the form of omnibus
approval as provided in SEBI LODR Regulations.
Apart from these, the Company has carried out transactions with the
following related parties as per the long term contracts approved by the Audit Committee
and Board of Directors of the Company as required under the Act and the SEBI LODR
Regulations:
con tinued the arrangement with M/s. TML Industries Limited
(‘TML') for manufacture of the Company's product on job-work basis at
TML's factory premises situated at Village: Piludra, Dist: Bharuch and Village:
Karakhadi, Dist: Vadodara;
r eceipt of lease rent for leasing of the Company's capital assets
to TML pursuant to Lease Agreement;
P ayment of Commission on Sales to M/s. Anshul Life Science as a
Distributor of the Company's products (upto 24th July, 2024); and
S upply agreement between the Company and Silox India Private Limited
(‘SIPL') for supply of Sulphur Dioxide.
The above transactions were not material related party transaction and
hence prior approval of the shareholders of the Company was not required to be obtained.
The Company has also granted financial assistance to Shroff Foundation Trust, Baroda
Citizens Council, Shrujan LLDC, Shroffs Family Charitable Trust and Vivekanand Research
Training Institute for carrying out charitable activities, after prior approval of Audit
Committee.
The Directors draw attention of the members to Note no. 43 to the
financial statement which sets out related party disclosures. Form AOC 2 pursuant to
clause (h) of sub-section (3) of Section 134 of the Act read with Rule 8 (2) of the
Companies (Accounts) Rules, 2014 is also attached as Annexure II to this report.
The policy on materiality of related party transactions etc., as
approved by the Board is placed on the Company's website on the link:
https://www.transpek.com/wp-content/uploads/2022/04/Policy-on-Related-Party-Transactions.pdf.
g) RISK MANAGEMENT:
The Company has formulated a policy to identify and evaluate business
risks and opportunities in compliance with the provisions of Section 134 (3) (n) of the
Act. This policy framework ensures transparency, minimises adverse impact on the business
objectives and enhances the Company's competitive advantage.
On the basis of ISO: 31000 standard, the Company has adopted the Risk
Management Procedures and has also put a mechanism in place for managing risk factors in
technical and commercial areas. During the year under review, your Company has identified
critical risks of the Company which the Committee/Board periodically review and suggest
mitigating measures.
As per regulation 21 of SEBI LODR Regulations, it is not mandatory for
the Company to have a Risk Management Committee. However, the Company has voluntarily
constituted a Risk Management Committee.
Details of terms of reference of the Risk Management Committee and
composition of the Committee is given in the Corporate Governance Report.
Also, a brief analysis of the Company's Opportunities and Threats
are given in Management Discussion and Analysis Report.
h) EVALUATION OF THE PERFORMANCE OF THE BOARD, COMMITTEES OF DIRECTORS
AND INDIVIDUAL DIRECTORS:
Pursuant to the provisions of Sections 134 (3) (p) and 178 of the Act,
Rule 8 (4) of the Companies (Accounts) Rules, 2014 and Regulations 17 and 19 of SEBI LODR
Regulations, the Board has carried out an annual performance evaluation of its own
performance, the directors individually, evaluation of the Chairman of the Board as well
as of the working of the Audit, Nomination & Remuneration and other Committees of the
Board. The manner in which the evaluation has been carried out has been explained in the
‘Corporate Governance Report' which forms a part of this Annual Report.
i) MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL
POSITION OF THE COMPANY WHICH HAVE OCCURRED BETWEEN THE END OF FINANCIAL YEAR OF THE
COMPANY TO WHICH THE FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT:
There were no material changes and commitments that have affected the
financial position of the Company which have occurred between the financial year ended on
31st March, 2025 and the date of this report.
j) ADEQUACY OF INTERNAL FINANCIAL CONTROLS:
The Company has laid down adequate and effective Internal Financial
Controls with reference to financial statements, commensurate with its size and nature of
business operations. During the year, such controls were tested and upgraded, where
necessary, and no reportable material weaknesses in their design or operation were
observed.
k) LEGAL COMPLIANCE:
The Board has devised proper systems commensurate with the size and
operations of the Company to monitor and ensure compliance of all the applicable laws,
Rules and Standards and the said system is found adequate and operating effectively. The
functional heads of the different departments responsible for compliance submit compliance
reports to the Managing
Director, based on which the Company Secretary and the Managing
Director provide compliance certificate to the Board on a quarterly basis. The Company
also has put in place a software for Compliance Tracker for all compliances that the
Company is required to carry out.
l) CORPORATE SOCIAL RESPONSIBILITY (CSR):
During the year under review, your Company carried out various CSR
activities directly as well as through the organisations to whom your Company had provided
funds for carrying out its CSR activities. Details of such activities are as under:
Unified Growth Foundation (UGF) UGF publishes ‘Balmurti online
magazine once in every fortnight which is globally distributed through different national
and international news platforms. The magazine is meant for all the various stakeholders
working with children. Balmurti also has presence on social media platforms like Twitter,
Facebook and Instagram. During 2024-2025, a total of 24 magazines have been released.
Audio and video articles published in the magazine are available on its official website
www.balmurtionline.com. About 25,000 emails and 10,000 WhatsApp messages are being
forwarded worldwide to circulate Balmurti.
SaMvitti Foundation continued “Connecting women with
literature” project. It aims at providing opportunity to women belonging to socially,
economically and psychologically diverse backgrounds, through interactive engagement with
classic and inspiring stories from Indian and world literature. During the year 2024-2025,
total 70 offline sessions were conducted in different
organisationsandtotal705womenandgirlswerebenefited.
Ram Krishna Mission (RKM) continued working for imparting values
and life skill education to young boys and girls to make them able and better citizens of
the future. Altogether, 120 underprivileged school students residing in Ekalbara village
and in . low-incomeareasofVadodaracitywerebenefited
Aatapi Seva Foundation continued the Help Desk Project to assist
villages in accessing government schemes. Out of 1,464 community members linked, 923
received benefits totalling approximately Rs 31 Lakhs.
Sai's Angel Foundation (SAF) continued to provide trainings
for 30 teachers and coordinators from various institutions to impart values through the
‘Nachiketa' Life Skill Module. Aimed at those working directly with youth, the
sessions covered topics like Self to Selflessness, Contribution, Communication, Time
Management, and Creative Thinking.
The STEM Project aimed to spark curiosity and interest in science and
technology among students through a “learning by doing” approach, while also
enhancing teachers' skills to independently implement STEM activities at their
centers. A total of98studentsbenefited. The project strengthened teachers' capacity,
boosted students' creativity and curiosity, and fostered leadership qualities among
them
Shroffs Foundation Trust (SFT) continued The SHANTI Health project
which is implemented in 34 villages of Chhotaudepur.
During the year, many patients were screened and given primary
treatment. 255 health awareness and educational programmes were conducted in which 5,796
participants benefited.
Sharda Medical Centre (SMC) is a need-based model equipped and
developed to cater health needs of local people from remote areas of Chhotaudepur. The
Company supported to re-establish the SMC's premises and infrastructure during the
year due to an increase in people who approachedthecentreforavailinghealthbenefitsand
services. Approx. 3,500+ patients were benefited Under the comprehensive livelihood
programme, many tribal households in Chhotaudepur are provided with Kadaknath poultry
bird's units to 350 Farmers with knowledge, health care support and nutritious food.
Also, provided Goats to 40 Farmers, to make them successful entrepreneurs.
Ongoing Project with Shroffs Foundation Trust for Skill Development and
Livelihood: Your Company along with SFT is carrying out a project for a span of 3
years from the year 2022-2023 for installation and maintenance of micro drip irrigation
and solar powered technology which would be transferred to local youths after the project
gets complete for them to earn livelihood. This project is being carried out in
Chhotaudepur and Narmada District of Gujarat. In this project, total 112 Youth provided
trainings and became entrepreneurs.
CSR activities carried out directly by the Company:
The Company's own CSR team continued to initiate programmes in
villages in and around Ekalbara. Under the Education support programme, the team supported
225 students of classes I to X, for better academic performance. Results showed that the
students' academic performance substantially improved. The students are also guided
and motivated for higher studies. The Company's Vocational Training Centre (VTC),
launched in January 2021, continued during the year. Several NGOs approached the Company
to replicate the VTC model. As a result, VTCs were established in Jambusar and Bharuch
through Aatapi Seva Foundation, in Dholera, Ahmedabad through Mahiti Trust, and in
Vadodara City through Mahavir Foundation Trust and Sai's Angel Foundation Trust.
Through these centres, 181 youths received technical training, and 70 of them have started
earning through self-employment or job placements.
This year, your Company was honoured with two prestigious awards in
recognition of its outstanding contribution to Corporate Social Responsibility (CSR). The
first was awarded by the Western India Exim Awards 2025, acknowledging the Company's
impactful initiatives and commitment to community development. The second recognition came
from Parul University, Vadodara, for the Company's consistent efforts in driving
meaningful change through various CSR programmes, including skill development, education,
and social welfare. These awards highlight the Company's dedication to creating
sustainable and inclusive growth in the regions it serves.
A brief outline of the policy and the CSR activities carried out during
the year is annexed to this report as ‘Annexure - IV'.
m) PARTICULARS OF EMPLOYEES:
The information required under Section 197 (12) of the Act read with
Rule 5 (2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014 is annexed as ‘Annexure V' and forms part of this Report.
n) SECRETARIAL AUDITOR AND SECRETARIAL AUDITOR'S REPORT:
Pursuant to the provisions of Section 204 of the Act and the Rules made
thereunder and Regulation 24A of the SEBI LODR Regulations, the Board of Directors has
appointed Shri Vijay L. Vyas, Practising Company Secretary (FCS: 1602; CP No. 13175),
Vadodara, as the Secretarial Auditor of the Company to conduct Secretarial Audit for the
year ended 31st March, 2025. The Secretarial Auditor has submitted his Report
on Secretarial Audit conducted by him which is annexed to this report as ‘Annexure
VI'. He has also given Annual Secretarial Compliance Report as required under
SEBI LODR Regulations, which has been submitted to BSE Limited. The said Reports do not
containanyqualification,reservation or adverse remark.
8. DIRECTORS AND KEY MANAGERIAL PERSONNEL:
Shri Ramkisan A. Devidayal, Independent Director of the Company
resigned as Independent Director w.e.f. 24th June, 2025, due to his ill health.
The Board of Directors of the Company placed on record their deep sense of appreciation
for all the valuable insights, inputs and guidance given by him for the growth of the
Company during his brief tenure as Independent Director and wished him a speedy recovery.
During the year under review, Shri Atul G. Shroff, Director and
Promoter of the Company ceased to be a Director w.e.f. 8th October,
2024, due to sudden and unexpected demise. Since the inception of the Company, he managed
the Company and under his able leadership, the Company reached great heights. He also
contributed significantly in upliftment of Communities through welfare and CSR activities.
He was highly respected in Chemical Industry World and Business World in General. His
sudden and unexpected passing away is an irreparable loss to the Company, the Board of
Directors and the employees, who convey their deep sorrow and condolences to his family.
Shri Dipesh K. Shroff, Non-Executive and Non-Independent Director of
the Company, will retire by rotation at the ensuing Annual General Meeting and, being
eligible, offers himself for re-appointment. The Directors recommend his re-appointment.
There was no change in Key Managerial Personnel during the year.
9. TRANSFER OF SHARES TO INVESTOR EDUCATION AND PROTECTION FUND
ACCOUNT SET UP BY GOVERNMENT OF INDIA:
During the year under review, the Company has transferred to IEPF the
unclaimed dividend amount of Rs 7,77,987/- and 5407 equity shares of the shareholders of
the Company whose dividend had been lying unclaimed with the Company for a period seven
consecutive years pursuant to Investor Education and Protection Fund Authority
(Accounting, Audit, Transfer and Refund) Rules, 2016 and subsequent amendments thereto by
the Ministry of Corporate Affairs, Government of India.
The list of the shareholders whose dividend and shares are transferred
to IEPF is available on the Company's website www. transpek.com.
10. DIRECTORS' RESPONSIBILITY STATEMENT:
Pursuant to the requirements under Section 134 (3) (c) of the Act with
respect to Directors' Responsibility Statement, the
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;
c) The Directors had taken proper and sufficient
care for the maintenance of adequate accounting records in accordance
with the provisions of the Act for safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities;
b) The Directors had selected such accounting policies and applied
them consistently and made judgements 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;
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 financialcontrols are adequate and
were operating effectively; and
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.
11. DECLARATION BY INDEPENDENT DIRECTORS:
The Company has received declarations from all the Independent
Directors of the Company confirming that they meet the criteria of independence as
prescribed under sub-section (6) of Section 149 the Act as well as under Regulation 25 of
SEBI LODR Regulations.
12. CORPORATE GOVERNANCE:
A separate report on Corporate Governance as required under Regulation
34 of the SEBI LODR Regulations, 2015 is included in this Report along with a certificate
of the Auditor confirming its compliance with the conditions of Corporate Governance
stipulated under the said Regulation.
13. AUDITORS AND AUDITORS' REPORT:
a) ST ATUTORY AUDITORS:
The members of the Company, had, at 54th Annual General
Meeting held on 23rd September, 2020, appointed M/s. Bansi S. Mehta & Co.,
Chartered Accountants, Mumbai as Statutory Auditors of the Company for a period of five
years i.e. from the conclusion of the 54th Annual General Meeting upto the
conclusion of 59th Annual General Meeting to be held in the year 2025 as
prescribed under Section 139(1) and (2) of the Act and relevant rules framed thereunder.
The remuneration of Auditors reservation or adverse remark as recommended by the Audit
Committee is approved by the Board.
The Auditors' Report does not contain any reservation or adverse
remark or disclaimer. The Notes on financial statement referred to in the Auditors'
Report are self-explanatory and do not call for any further comments.
The Company proposed to re-appoint M/s. S. Mehta & Co., Chartered
Accountants, Mumbai as Statutory Auditors of the Company for a further period of five
years, subject to approval of the members of the Company at the ensuing 59th
Annual General Meeting. The Board of Directors commend their re-appointment.
M/s . Bansi S. Mehta & Co. have given their required under Section
139(1) of the Companies Act, 2013 (“the Act”) and Rule 4 of the Companies (Audit
and Auditors) Rules, 2014.
b) COST AUDIT COMPLIANCE: their The Board had appointed M/s.
Y.S.Thakar & Co Accountants, as the Cost Auditors for conducting cost audit of cost
records of the Company for the Financial Year 2024-2025 under Section 148 (1) of the Act.
Pursuant to Section 148 of the Companies Act, 2013 and the Companies (Cost Records and
Audit) Rules, 2014, Cost Audit Report for the financial year ended 31st March,
2024 was submitted to the Central Government on 23rd August, 2024. Their Report
did not contain or any qualification, disclaimer.
The Board has, at its meeting held th March, 2025,on 25
appointed M/s. Kishore Bhatia & Associates as Cost Auditors of the Company cost audit
of cost records of the Company for the Financial Year 2025-2026 under Section 148 (1) of
the Act. Pursuant to Section 148 of Bansi the Companies Act, 2013 and the Companies (Cost
Records and Audit) Rules, 2014.
Nec essary resolution for approval of their as recommended by the Audit
Committee and the Board of Directors is being proposed for ratification at the ensuing 59th
Annual General Meeting. The Board of as Directors commend their appointment.
14. DISCLOSURES: a) A UDIT COMMITTEE:
Det ails of the composition of the Audit Committee of Directors of the
Company have been mentioned in the Corporate Governance Report. During the year under
review, there were no instances wherein the Board of Directors of the Company did not
accept the recommendations of the Audit Committee.
More details about all the Committees of Directors are given in the
Corporate Governance Report.
b) ME ETINGS OF THE BOARD:
During the year under review 7 (seven) Board meetings were held. For
further details, please refer to the Report on Corporate Governance.
c) VIG IL MECHANISM/WHISTLE BLOWER:
The Company has established a Vigil Mechanism/Whistle Blower Policy to
report genuine concerns about unethical behaviour, actual or suspected fraud or violation
of code of conduct, details of which have been given in the Corporate Governance Report.
The Whistle Blower Policy has been posted on the website of the Company and can be
accessed at link ·http://www.transpek.com/pdf/whistle-blower-policy.pdf.
15. CHANGE IN THE NATURE OF BUSINESS:
During the year under review, there was no change in the nature of the
business of the Company.
16. FIXED DEPOSITS:
During the year under review, your Company has accepted/renewed
deposits amounting to Rs 9,63,75,000/- only from the shareholders of the Company. The
deposits which matured and remained unclaimed as at 31st March, 2025 amount to
Rs 21,23,000/-. The Company had sent written reminders to the Depositors for their
appropriate action in this regard and as on the date of this report deposits amounting to
Rs 15,62,000/- only have remained unclaimed.
The Deposits and Interest which remained unclaimed for the last seven
years have been transferred to the Investor Education and Protection Fund as required
under Section 125 of the Act. The list of the depositors whose deposits and interest are
transferred to IEPF is available on the Company's website
https://www.transpek.com/index.php/policies-and-other-information/.
During the year, there has been no default in repayment of deposits or
payment of interest thereon. Also, during the year, there were no deposits accepted by the
Company which did not comply with the requirements of Chapter V of the Act.
17. STOCK EXCHANGE:
The Company's equity shares are listed on the BSE Limited and the
Listing Fees of the Company for the Financial Year 2024-2025 have been paid. The
address of the said Exchange is as under:
BSE Limited
Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400 001.
Scrip ID: ‘transpek'; Scrip Code: 506687; Group/Index:
‘B'; ISIN: INE687A01016
18. HEALTH CARE AND WELFARE OF EMPLOYEES:
Employees' Welfare Schemes such as subsidised food in the
Company's canteen at the factory, medical facilities, Group Term Life Insurance,
Group Mediclaim Insurance and Group Accident Insurance continued to be maintained by the
Company. The Company has also availed a top up medical insurance policy of Rs 4,00,000/-
per employee so that they can avail proper medical treatment. Sports and cultural
activities are given due importance. The Company has also set up a place for playing Table
Tennis and a Gym for the employees. Employees are also given core long-term health
offering which includes making available preventive medical examinations to cover mental
health, fitness and nutrition. Employees are offered training programmes and workshops on
health-oriented leadership. Monetary support is also given to employees who wish to
acquire higher educational qualifications.
The Company has also availed regular services of a homeoepathy doctor
at all three sites and registered office. Several employees consult the said doctor and
are seeing good results in their health issues.
Merit awards are given to employees' children for their academic
achievements. The Company promotes innovation, rewards for performance and provides
opportunities for people to grow. In addition, your Company has put in place a range of
initiatives for attracting and retaining a high-performance work force. The Company also
rewards exemplary performance of employees.
The Company has also initiated Fun Friday Activity for its employees at
Factory and Registered Office wherein employees participate in fun games.
19. PROTECTION OF WOMEN AT WORKPLACE:
The Company has employed a number of women in various cadres. It has
put in place a Prevention of Sexual Harassment Policy at work place in line with the
requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and
Redressal) Act, 2013. An internal committee of women employees is also set up to redress
complaints received which are monitored by women supervisors who are fully aware of the
Policy and redressal mechanism. All employees of the Company and those of contractors as
well as trainees are covered under this Policy. No complaint was received from any
employee is pending as on 31 duringthefinancial st March, 2025 for redressal.
20. MANAGEMENT DISCUSSION AND ANALYSIS:
The report on Management Discussion and Analysis as required under
Regulation 34 (2) (e) and Schedule V of SEBI LODR
Regulations dealing with the Operations, Business Performance, etc. is
given separately and it forms part of this Annual Report.
ACKNOWLEDGEMENTS
The Directors wish to acknowledge the co-operation and assistance
extended to the Company by the Company's Bankers and Central and State Government
agencies. Your Directors also wish to place on record their appreciation of the
contribution made by employees at all levels towards the growth of the Company. Your
Directors acknowledge with gratitude the support of the shareholders, investors, customers
and suppliers for the faith reposed in the Company and its management.
|
BY ORDER OF THE BOARD |
|
A. C. SHROFF |
PLACE: VADODARA |
CHAIRMAN |
DATED: 25th June, 2025 |
DIN: 00019952 |
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