SANGIl I SERVICES...st September. 20 I 8 at 5:00 p.m. During this period shareholders' ofthe...

SAN;III (1ORPORA'JE SEJ VICES CID.

SANGIl I SERVICES L'rI). Rcgd. OtT': Bal NioiaI AiirI,ncii(, l'bl No. I 2, Amritvan, Ya.sliodha,ij, Opp. Diiidoslií Dcpt,

Gorcgaon (E), Mumbal 400 063.

Tel: 28429501 I 28422703

Email ID:

ÇRPORATl tNFORMATJQj

1.OARD OF DIRECTORS:

DIRECTOR INCHARGE:

AUDITORS:

REGISTERED OFFICE:

REGISTRAR & SHARE TRANSFER AGENT:

Website :www.sanghicorpcorn

CIN: L67190M11 1989PLC0540%(,

Shri A.K.Sanghi

Smt. Poonam Sanghi

ShriM.K.Saboo Shri K. Udaykumar

Shri A.K. Sanghi

Vivek R. Agarwal & Co.,

Chartered Accountants Mumbai

12 Balrnoral CHS Ltd., Ground Floor,

Amritvan, Yashodham,

Goregaon (E), Mumbai: - 400063

Sharex Dynamic (India) Pvt. Ltd

Unit-1, Luthra Industrial Premises, Andheri Kurla Road, Safed Pool, Andheri (E), Mumbai-400072

NOTICE OF MEETING (Pursuant to Section 1 0 1 of Companies Act, 2013)

NOTICE is hereby given that the Twenty Eighth Annual General Meeting of the Members of SANGHI CORPORATE SERVICES LTD. will be held at G-30,Sliagun Arcade Premises Co-op Soc. Ltd., Gen A.K. Vaidva Marg, Dindoshi.

Malad (E), Mumbai 400 097 on 22nd September, 2018 at 4.00 pm. to transact the following business:

ORDINARY BUSINESS

1. To receive, consider and adoptthe Directors' Report, theAudited Financial Statements including the Statement ofProfit and

Loss for the year ended 3 1 st March, 20 1 8 and the Balance Sheet as at that date and the Auditors' Report thereon.

2. To appoint a Director in place ofShri Udaykumar Kongassery (DIN: 02329864), who retires by rotation, and being eligible,

offers himselffor re-appointment.

3. To consider and if thought fit, to pass wiLli or without modification(s). the following Resolution as an ORDINARY

RESOLUTION:

"RESOLVED THAT pursuant to the provisions ofSection 139 and other applicable provisions ifany, ofthe Companies Act,

2013 and Rules framed thereunder, as amended from time to time, M/s. A. Sachdev & Co., Chartered Accountants, Mumbai

(Registration No. 00l307C), appointed as Auditors ofthe Company, by resolution passed at the 28th Annual General Meeting ofthe Company, to hold office from the conclusion of28th Annual General Meeting to the conclusion of the Annual General

Meeting to be held in the year 2023 be and is hereby appointed for the balance term, at such remuneration, expenses. etc. as ma be mutually decided by the Board of Directors and Auditors from time to time."

For and on behalf of the oard

Place: Mumbai t.K Sanghi) Date: 28.07.2018

.

Director

3

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SANG1, CORpORAI'E SER\'ICES LT!).

NOTES:

a) flIelIIE)er enlitleti to iltciid fl1(I eiililIC(I 1)J)Ojh1t roY t attefl(J ifl(I, 011 I)01I, to Vote ifisteati

fIerseIfan(I Ibe J)fl)V iieed not bC 11 ,iiciiiIie1 Tile julstruJIICIlt 011)roxy (kil)' COUIP in all respects ShOUld

be submitteti at the Rcgistcrcd OfilCe Of IIC C(,1h1PhhlY uiot IC than forty ciglit hours before the cornInenvefl1

(he

b) TI Rcgister ofMeinl,ers and Share TIat%SICr BooRS oftIic Company viII reiflaiti closcd from 17th September 2018

Scptcnber 20 I S (bolli da)s inclusive).

e) Details tinder Regulation 27 o(the SEBI (LiStitlg obligatiOIS and Disclosure cquiremcntS) Regulation. 2015 witl Stock

Exchange in respect of the Director seeking reapPOifltfleflt flt tue Annual General Meeting. forms integral part f the

Notice. The Director has furnished requisite declaratiOfl for his reaPPOi1Ithh1t.

d) In terms ofSection lOS ofthe ConipflniCSACt. 2013 read with Rule 20 ofthe Companies (Management and Administration>

Rules, 2014. c-voting tcility is being provided to the Members. The business may be transacted by Central Deposjto

Ser'ices Limited (CDSL). Details ofthe e-voting process and other relevant details are being sent to the Members, along

vith the Notice.

e) Members desiring any information with respect to the accounts for the year ended 31st March, 2018 are reques to

\Tite to the Company at its registered office at least seven days before the date ofthe General Meeting so as to enable the

Management to keep the information ready.

f) Members are requested to noti& the Company immediately about change in their address, if any.

g) Members are requested to bring their copy ofAnnual Report to the meeting.

h) The instructions for shareholders voting electronically are as under:

(i) The voting period begins on I 9th September, 20 1 8 at 9:00 a.m. and ends on 2 I st September. 20 I 8 at 5:00 p.m. During

this period shareholders' ofthe Company, holding shares either in physical form or in dematerialized form, as on the

cut-ofidate (record date) of 14th September, 2018 may cast their vote electronically. The e-voting module shall be

disabled by CDSL for voting thereafter.

(ii) The shareholders should log on to the e-voting website wwv.evotingindia.com.

(iii) Click on Shareholders I Members

(iv) Now Enter your User ID

a. For CDSL: 16 digits beneficiary ID,

b. For NSDL: 8 Character DP IDfollowed by 8 Digits Client ID,

c. Members holding sharesin Physical Form should enter Folio Number registered with the Con pany.

(y) Next enter the Image Verification as displayed and Click on Login.

(vi) ¡fyou are holding shares in demat form and had logged on to wwv.evotingindia.comand voted on an earlier voting of any company, then your existing password is to be used.

(vii)Ifyou are a first time user follow the steps given below:

For Members holding sharesin Demat Forni and Physical Form PAN Enter your IO digit alpha-numeric PAN issued by Income Tax Department (Applicable for both demat shareholders as well as physical shareholders)

I Members who have not updated their PAN with the CompanyfDeposjto.y Participant are requested to use the first two letters oftheir name and the S digits ofthe sequence number in the PAN field.

. In case the sequence number is less than 8 digits enter the applicable number of 0's before the number after the first two characters ofthe name in CAPITAL letters. Eg. Ifyour name is Ramesh Kumarwjth sequence number I then enter_RA000000cll_in_the_PAN field. Dividend Enter the Dividend Batik Details or Date ofBirth (in dd/rnm/yyyy format) as recorded in your demat Bank account or in the company recordsin order to login. Details

OR Date Ifboth the details are not recorded with the depository or company please enter the member id I OfBjrth folio number in the Dividend Bank details field as mentioned in instruction (iv). (DOB)

4

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SAN(;IlJ CORpO1A'I, SERVICES CFI). ' uil .flcr cuteriug ths (ICtajI appropriatci) click on "StiLM IT" tab.

( ix) Icinbers holding shares in Pli)'SjCaI fìritt Wi II then (Iirec(Iy reach tite (oh1tptIty selection SC1CCI. I IoWevcr, members

holding shares in (lemat forum will now reach Password Creation' menu wherein they arc rcquire(1 to mandatorily coter their login Password in time ne' Pass\vord field. Kindly note that this password is to be also used by the dcntat holders for \otim for resoitttjotis of aty other company on which they arc eligible to vote, Provided that company opts for c-voting through CDSL Platform. lt is strongly recomimmemled not to sitare your pissvord with any other person and take utmost care to keep your Password confidential.

(x) For Members holding shares in physical lòrm. the details can be used only for c-voting on the resolutions contained in this Notice.

(xi) Click on the for the relevant 'Company Naine> on which you choose to vote. (xii) On the voting page. you will see RESOLUT!ON DESCRIPTION" and against tIme sante the option "YESINO" for voting. Select the option YES or NO as desired. The option YES implies that you assent to the Resolution arid option NO implies that you dissent to the Resolution.

(xiii) Click on the "RESOLUTIONS FILE LINK" ifyou visli to view the entire Resolution details. (xiv)AtÌer selecting the resolution you have decided to vote on, click on "SUBMIT". A confirmation box will be displayed. If you visli to confirm your vote, click on "OK", else to change your vote, click ori "CANCEL" and accordingly modif,' your vote.

(xv) Once you "CONFIRM" your vote on the resolution, you will not be allowed to modify your vote. (xvi)You cari also take a print ofthe votes cast by clicking on "Click here to print" option On the Voting page. (xvii)lfa demat account holder has forgotten the login password then Enter the User ID and the image verification code and click on Forgot Password& enter the details as prompted by the system. (xviii) Shareholders cari also cast their vote using CDSL's mobile app rn-Voting available for android based mobiles. The

ni-Voting app can be downloaded from Google Play Store, \Vindows and Apple smart phones. Please follow the instructions as prompted by the mobile app while voting ori your mobile.

(xix) Note for Non - Individual Shareholders and Custodians . Non-Individual shareholders (i.e. other than Individuals, HUF, NR! etc.) and Custodian are required to log on to

vwv.evotingiiidia.comand register themselves as Corporates.

. A scanned copy ofthe Registration Form bearing the stamp and sign ofthe entity should be emailed to helpdesk. evotingcdslindia.com.

. After receiving the login details a Compliance User should be created using the admin login and password. The

Compliance User would be able to link the account(s) for which they wish to vote on.

I The list ofaccounts linked in the login should be mailed to helpdesk.evotiflgcdslifldia.c0m and on approval of the accounts they would be able to cast their vote.

s A scanned copy ofthe Board Resolution and Power ofAttorney (POA) which they have issued in favour of the

Custodian, ifany, should be uploaded in PDF format in the system for the scrutinizer to verify the same.

(xx) In case you have any queries or issues regarding e-voting, you may refer the Frequently Asked Questions ('FAQs")

and e-votiflg manual available at www.evotingindia.cohlb under help section or writej)l to helpdesk.eVoting@

cdslindia.com. /",artr ' ----4'

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5



J

SÁN(11J (()RI()flATi sIRVJCIS 1:11).

J)1JJlCJO1tS JKI'ORJ

Thc Mcmbcis,

SAN(;I II (()RI OUATI SIR\'I('IS tJMI'FII)

Thur Dircctors arc picaced to prcscnt thc 'l\vcflty Sixth AtittUal Report together willi thc Audited Financial Stateme

Company for the financial year ended 31 st March. 2018.

OIs f

I. FINANCIAL Iu:suI:rs

hie Financial Results of the Company for the year emided 31st March, 2018 are as follows:-

(8,93,921)1

IIit/(Loss) After lux

27:2I:54 I )I

( 13,25,106)1 (154,756)1

4 1396435) 7i1,679) !jIAmld: Balance brought forward ¡-i;nce carried (o lime Balance Sheet

2. I)IVII)LNL)

In view ofthc losses, no dividend is recommended for the year tinder review.

3. OI'ER,tTIONS AN!) FUTURE PROSPECTS

As mentioned under Note No. 15-C-lofNotcs on Accounts-, your company is facing substantial Income Tax Liabilities which arc being contested at lIAI level. Management thought it prudent to undertake fresh substantial business activities once the Income Tax matter is settled.

4. SUI3SIDARIES AN!) JOINT VENTURES

There are no Subsidiaries and Joint ventures ofthe Company.

5. REPORTS ON MANAGEMENT DISCUSSION, ANALYSIS AND CORPORATE GOVERNANCE As required under the Listing Agreement with Bombay Stock Exchange ("Listing Discussion, Analysis and Corporate Governance Report are annexed as Annexure I and Annexure II respectively to this Report.

6. CORPORATE SOCIAL RESPONSIBILITY (CSR)

Provisions ofScction I 35 ofthe Companies Act, 20 I 3 ("the Act") read with tIte Companies (Corporate Social Responsibility Policy) Rules, 2014 are not applicable to the Company.

7. DIRECTORATE

Pursuant to the provisions ofthc Act, Shri Udaykumar Kongassery retires by rotation at the ensuing Annual General Meeting, and being eligible, ollèrs hiniselffor re-appointment. Further, the Company has not appointed any whole-time key managerial personnel as per the provisions ofSection 203 ofCompanies Act, 2013 during the financial year under review. 8. EXTRACT OFTIJE ANNUAL RETURN

Extract ofthe annual return for the Financial Year ended on 31st March, 2018 as required by Section 92(3) ofthe Act is annexed as Annexure III to this report.

9. NUMBER OF BOARD MEETINGS

During the year five Board Meetings were held. The details ofthe Board meetings are provided in the Corporate Governance report. The intervening gap between the meetings was within the period prescribed under Companies Act, 2013. Io. DIRECTORS RESPONSIBILITY STATEMENT As required under (lie provisions olSection 134 oftlie Act, your Directors report that: (a) in the preparation of time annual accounts, the applicable accounting standards had been followed along with proper

explanation relating to material departures (b) the directors have selected such accounting policies and applied them consistently and madejudgments and estimates

that are reasonable and prudent so as to give a true and fair view ofthe state ofaffairs oftlic company at (he end of (lie financial ycarand ofthe proiltand loss ofthe company for that period; (e) the directors have takemi proper and sufficient care for the maintenance ofAdequate accounting records in accordance

_,,

6



SANG III CORPORATE SERVICES LTD.

with the provisions ofthis Act for Safeguarding the assets ofthe company and for preventing and detecting fraud and

other irregularities:

(d) the directors have prepared the annual accounts on a going concern basis: and

(e) the directors, have laid down internal financial Controls to be followed by the company and that such internal financial

controls are Adequate and are operating effectively.

(f) the directors have devised proper systems to ensure compliance with the provisions ofall applicable laws and that such

systems were adequate and operating effectively.

11. DECLARATION BY INDEPENDENT DIRECTORS

The following Directors are independent in terms of Section 149(6) ofthe Act and SEB! (Listing Obligations and Disclosure

Requirements) Regulation, 2015:

i. Shri M.K.Saboo

ii. Shri K. Udaykumar

The Company has received declarations! confirmations from both the Directors confirming their independence.

12. POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION

The requisite details as required by Section 134 (3)(e), Section 178(3) & (4) and SEBI (Listing Obligations and Disclosure

Requirements) Regulation, 2OISare annexed asAnnexure IVtothis Report.

13. RESERVES AND SURPLUS

In view ofheavy losses and non-availability ofsurplus, no amount has been allocated to reserves.

14. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENT UNDER SECTION 1 86 OF THE ACT

Particulars of loan given and of the investments made by the Company as at 3 1 st March. 20 I S are given in the Notes

forming part ofthe Financial Statements. During Financial Year under review the Company has not made any investments.

15. SECRETARIALAUDIT

Pursuant to Section 204 of the Act, the Secretarial Audit Report for the Financial Year ended 3 I st March, 20 1 8 given by

Shri R. K. Agrawal & Associates, Practicing Company Secretaiy ¡s annexed as Annexure V to the Report.

As regards the observation made in the said Secretarial Audit Report, Directors would like to explain as below:

i. Regarding non appointment ofwhole.time key managerial personnel it is hereby stressed that the Company's financial

position do not permit the same as it ¡s virtually out ofbusiness due to prolonged Income tax dispute and contested at

hAT level. As soon as the same ¡s resolved, Directors would make all out efforts to generate the resources & bring the

Company on its feet and with proper managerial personnel.

ii. Regarding non appointment of Internal Auditor it is hereby clarified that there is no business in the Company due

to hAT reasons explained earlier. Directors further confirm that no sooner the business is re-started, necessary

requirements vil1 be fulfilled.

16. RELATED PARTY TRANSACTIONS

All transactions entered with Related Parties for the year under review were on arm's length basis and in the ordinary

course ofbusiness and as such provisions ofSection 188 ofthe Companies Act, 2013 are not attracted. Thus disclosure in

Form AOC-2 is not required. Further there are no material related party transactions during the year under review with the

Promoters or Directors.

17. STATE OF COMPANY'S AFFAIRS

The state ofthe Company's affairs is given under the heading "Operations and Future Prospects" and various other headings

in the Report and in Management Discussion and Analysis Report which is annexed to the Directors' report.

18. MATERIAL ChANGES AND COMISIITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF TIlE

COMPANY

No material changes and commitments affecting the financial position ofthe Company have occurred between the end of

the financial year to which the financial statements relate and the date ofthis Directors' Report.

19. ENERG TEChNOLOGY AND FOREIGN EXCHANGE

Additional information on conservation ofenergy, technology absorption, foreign exchange earnings and outgoas required,

to be disclosed in terms ofsection I 34 ofthe Act, read with The Companies (Accounts) Rules,20 I 4 is annexed as Annexure

VI to this Report. . ::'.

p 7 '.-.



SANG III CORPORATE SERVICES LTD.

20. RISK MANAGEMENT rOLIC' The Company has a structured risk management policy. The Risk management process is designed

orga1ization from various risks through adequate and timely actions. It is designed to anticipate, evaluate kgua

n

in order to minimize its impact on the business. It is dealt with in greater details in the management discus

section. SiO ande,k

21. ANNUAL PERFORMANCE EVALUATION

In compliance with the provisions of the Act and SEB! (Listing Obligations and Disclosure Rcquiren 20 15, the performance evaluation was carried out as under:

ents) Reguaj0

Board:

In accordance with the criteria suggested by the Nomination and Remuneration Committee, the Board evaluated the performance of the Board, having regard to various criteria stich as Board composition, Boa

of Directors

Board dynamics etc. The Independent Directors, at their separate meetings, also evaluated the performance d

Processes

a whole based on various criteria. The Board and the Independent Directors were of the unanimous view that the Board

a

of the Board of Directors as a whole was satisfactory. Performance

Committees of the Board:

The performance of the Audit Committee, the Nomination and Remuneration Committee and the Stakeholders Relatiofl$h Committee was evaluated by the Board having regard to various criteria such as committee composition

committee dynamics, etc. The Board was of the unanimous view that all the committees vere performing their functions satisfactorily and according to the mandate prescribed by the Board under the regulatory requirements including the provision ofthe Act, the Rules framed there under and the Listing Agreement.

Individual Directors:

a) Independent Directors: In accordance with the criteria suggested by the Nomination and Remuneration Committee the performance of each independent director was evaluated by the entire Board of directors (excluding the directo; being evaluated) on various parameters like engagement, leadership, analysis, decision making, communication governance and interest ofstakeholders. The Board was ofthe unanimous view that each independent director was reputed professional and brought his\her rich experience to the deliberations ofthe Board. The Board also appreciated the contribution made by all the independent directors in guiding the management in achieving higher growth and concluded that continuance ofeach independent director in the Board will be in the interest ofthe Company. b) Non-Independent Directors: The performance ofeach ofthe non-independent directors (including the Chairperson) was evaluated by the Independent Directors at their separate meeting. Further, their performance was also evaluated by the Board ofDirectors. The various criteria considered forthe purpose ofevaluation included leadership, engagement transparency, analysis, decision making, functional knowledge, governance and interest of stakeholders. The Independent Directors and the Board were of the unanimous view that each of the non- independent directors was providing good business and people leadership.

22. DEPOSITS

The Company has not accepted or continued any public deposits as contemplated under Chapter V of the Act. 23. DISCLOSURE UNDER SECTION 197(12) AND RULE 5(1) OF TIlE COMPANIES (APPOINTMENT AND REMUNARATION OF MANAGERIAL PERSONNEL) RULES, 2014 The requisite details relating to ratio of remuneration etc. as stipulated under the above Rules are annexed as Annexure Vi! to this Report.

24. DISCLOSURE UNDER RULE 5(2) AND 5(3) OFTHE COMPANIES (APPOINTMENT AND REMUNERATION OF l'1ANAGERIAL PERSONNEL) RULES, 2014 The requisite details relating to the remuneration ofthe specified employees covered under the above Rules are annexed as Annexure VIII to this Report.

25. ORDERS BY REGULATORS, COURTS OR TRIBUNALS No significant and material orders were passed by any regulator or court or tribunal impacting the going concern status and the Company's operations in future.

26. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY The existing internal financial controls are commensurate with the nature, size, complexity and the business processes followed the Company. They have been reviewed and found generally satisfactory by an independent expert Ofl the following key control matrices:

8

.*. .,.

''-.:



SANGHI CORPORATE SERVICES LTD.

. Entity level controls

2. FinanCial controls and

3. Operational controls

\Vhich included authority and organization matrix, standard operating procedures, risk management practices, compliance frameWork within the organization, ethics and fraud risk management, management information system, self.assessment ofcontrOl point, business continuity and disaster recovery planning, budgeting system, etc.

27. AUDITORS

At the Board meeting held on 28th July, 2018, the Directors proposed the appointment of M/S A. Sachdev & Co., Chartered Accountants, Mumbai (Registration No. 001307C) in place ofretiring Auditor M/s. Vivek R. Agarwal & Co., Chartered Accountants, Mumbai subject to approval by members in ensuing 28th Annual General Meeting to be held on 22nd September, 2018.

28. AUDIT REPORT

The notes to account referred to in Auditors' Report are self-explanatory and therefore do not call for further explanations or comments.

Regarding the observations made in the Auditor's Report regarding the non-appointment of whole-time Company SecretarY as per provisions ofSection 203 ofCompanies Act, 2013 and Internal Auditor as per provisions ofSection 138 ofCompanies Act, 20 1 3, the Directors hereby state that there is no business in the Company due to lIAI reasons explained earlier. Directors further confirm that no sooner the business is re-started, necessary requirements will be fulfilled.

29. DISCLOSURES UNDER SEXUAL hARASSMENT OF VOMEN AT VORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013

Since there is no employee in the Company the above disclosure stands not applicable.

Place: Mumbai Date: 28.07.2018

For and on.behalfofthe Board,

,

: (À.K Sanghi) .' 2- -Y, Director .-- ,"



SANGIII CORI)ORATE SIKV L'FI).

ANN

MANA6E1SIIN'I' J)ISCtJSSON ANI) ANALYSIS UII'OR'r

Tue Manageiiicnt ofSanghi Corporate ServiCeS LiulIjtC(1 ¡s lenscd Io present its aiiilysis report coverilig husjn

report contains expectations oftlic CompanY'S btisss hosed on lite current cnVirOi1i1lCt. Many tinubresc,1 ;Irjd

external factors could aller these expectati011S.

IiilCf1flirtilh

BUSINESS ORGANISATION

The Company is mainly engaged ¡n tite business of iiivestnieilts & trading ¡n Stocks, Mutual Funds ii,d Oilier Nhtl:(.

activities. The Company is facing substantial Income-Tax Liabilities which are being contested at hTAi Level

thought it prudent to undertake fresh substantial business once tite f ilcome Tax Malter is settled.

FUTURE OUTLOOK

The performance of the company shall be reviewed in coming year once the business is undertaken.

RISKS AND CONCERNS

Since the future ofthe Company is largely dependent on the outcome ofITAT decision regarding PCfl(Iimlg Incorn

and therefore the management thought it prudent to have a total control on the expenses and keep them at their lax

ISSueS

The present risk to the Company lies in prolonged Income Tax legai hurdles. mum

level.

INTERNAL CONTROL SYSTEMS AND TI I EIR ADEQUACY

The Company has well-established internal control systems at all levels. Board takes major decisions ¡n all aspects Of busi0t55

There is an elaborate internal audit system. The management is reasonably satisfied about the adequacy ofthcsc internal COHtrO1

systems.

The Board ofDirectors has an Audit Committee, whose Chairman ¡s an Independent Director. The Committee meets Periodically

to review internal controls. Results and recommendations ofthe Auditors are analyzed by the Board from time to lime.

The Board ofDirectors has anAuditComntittee, whose Chairman is an Endependent Director. The Committee meets Periodically

to review internal controls. Results and recommendations ofthe Auditors are analyzed by the Board from time to time.

OPERATIONALAND FINANCIAL PERFORMANCE

Since there are no substantial activities due to Income tax issues, there is not much to report amid analyze.

SEGMENTWISE REPORTING

The Company's main business is dealing in shares and stocks as trading activity. Further to hedge the stock ofshares managern

decided to take up Future and Option activity to safeguard tite investment at any point oftime. Since both activities are ínter-

related with each other management has decided not to treat it as a separate segment.

CONCLUSION

Management is hopeiìil that pending matters with fIAT should get resolved shortly and business strategy to revive the fortunes

ofthe Company would be arrived at.


'o

For.aiÌttehalfofthe Board,

t,

: j$1(A.KSanghi) . ::

Director



SANGJII ('()RP()RAÌE SERVICES LTD.

ANNEX EJRE-II

CORIoI1'L ()YERN,tNCf REI'ORT

\\.c StJ hcrcin bcto (lic rcquisite il1tì)rma(jon to the extent aJ)plical)Ie. relating tO Corporate fuiictioniiig ofyonr Company for

dic pUfl\S(S olduc (ransparcncv titis aspect TO CflhII1cia(c 1li Spirit hcliiiitl the governance J)1OCCSS, your Company licted

1ut itS coinp!iances \viilì the SI8tUtOJ\' requiremcits ottlie da). as veII nc the spirit of the practice.

i. JQMRDOFDTRECTQJ

a) Cornuosition of BQi!tti

The Board ofDirectors ofthe Company consists 014 members The Board ofDircctors ofthe Company as at 31st

March 2018 is as under:

1Ñane Desigiutioii No. ofotlier Directorships arid Committee 1%1eft1bCrS11ip7l

Cliaiiin:iiiship (ii,cliiding Pvt. Cos.)

Non Executive NIL I

NIL NIL Shri A.K.Samzhi

_____________________________

Non Executive NIL I

NIL NIL

Smc. PoonamSaughi Non Executive I

3* NIL NIL Shri M.KSaboo

NonExecutive I NIL I

NIL N!LII Shri K. Udaykurnar

____________

* in three Private Limited Companies

b) Attendance records ofeach Diçjr 5 Board Meetings vere held during the year 2017-IS. These meetings crc held on 29/04/20l7, 29/07/2017,

2S!10/2017. 10/01/2018 and 27/01/2018. The attendance record ofall the Directors at the Board Meetings and the last

Annual General Meeting between 01-04-2017 to 31-03-2018 is as under:

Name No. of BOD

Meeting field

No of BOD

Meetings attended

1tttefldC(I last

AGM

Shri A.K. Sanghi 5

Yes

Smi. Poonam Sanghi 5 5

Yes

Shri NLK.Saboo 5

4 No

Shri K. Udav Kumar 5

5 No

2. AUDIT COMMITTEE

As required under Section I 77 ofthe CompaniesAct, 2013 read with provisions ofSEBE (Listing Obligations and Disclosure

Requirements) Regulation, 2015, the Board has constituted anAuditConimittee. Shri K. Udaykumar isthe Chairman of the

Committee. Shri M. K. Saboo and Shri Ashok Kuniar Sanghi are the other members. The terms ofreference ofthe Audit

Commitlee are as outlined in the Act, and the Listing Agreement.

During 20 1 7-1 8, five meetings ofthe Audit Committee were held on 29/04/20 I 7, 29/07/20 I 7, 28/1 0/20 I 7, 10/01/20 I 8 and

27/01/2018. The attendance ofthe members oftheAudit Committee was as follows:

[No. were Dates on wiiich Audit Committee meetings

held

Sfiri K.

Udaykuinar

Sliri M.K. Saboo Shri Ashok Kumar Sanghi

r 29thApril, 2017 Attended Attended Attended

L 2 29th July, 2017 Attended Absent Attended

3 28th October, 2017 Attended Attended Attended

4 1 0th January, 20 1 8 Attended Attended Attended

ç 27th January. 20 1 8 Attended Attended Attended

NOMINATION AND REMUNERATION COMMITTEE:

As required. under Section 178(l) of the Act, read vith the provisions of SEBI (Listing Obligations and Disclosure

Requirements) Regulation, 2015, the Board lias constituted the nomination and Remuneration Committee. Shri M. K.

Saboo is the Chairman ofthe Committee. Shri K. Udaykumar and Smt. Poonam Sanghi are the other members of the

Committee.

The Committee is, inter alia, authorized to identii,' persons who are qualified to become Directors and who may be appointed

in Senior Management, evaluat(on of Directors' performance, formulating criteria for determining qualifications, positive

attributes and independence ofa director and recommending their compensation.

During 201 7-1 8, two meetings ofthe Nomination and Remuneration Committee were heldon2?/07/20 I 7 and 27/0 1/20 IS.

11



SANGIII CORPORAft SERVICES CfI).

Tue attcndaflcc ofthc iiicmbcrs ofthc Nouniflatit and Rcmuncratio1 Committee was as follows:

____________ Stiri K. Shri M.K. SaGJp_ [ir.I No. t)alcs on wtiicli ,,idil C'

Attended Attended \ttCnded

I

2 ¡27t1i January. 2018 AttdndCd Attended

4. ST,KElIOtÁ)LRS REL,tl'IONSIIIP COMM1J1IE

The Compuiy lias a ilirce mcnthcr Stakelioldcrs RelationshiP Committee of the Board of Directors namely Shri

Sanghi. Shri M.K. Saboo and Smt. Poonam Sanghi under the ChairmanshiP of Shri A. K. Sanghi to Specjfi

into the redrcssal ofgrievances ofthe investors namely shareholders. The Committee deals willi the i

to transfer of shares. non.rcceipt of Balance Sheet. dematerialiZ3ti0 of shares, complaint letters received f relati

Exchanges. SEDI etc. The Board of Directors has delegated power of approving transfer/transmission of shaom Sto

Conunittce.

res t

During the year 2017-18, five meetings ofthe Stakeholders' Relationship Committee were held on 29/04/2017,29/07/2017.

2S' 10/2017, 10/01/2018 and 27/01/2018. The attendance of the members of the Stakeholders' Relationship Committee

as follows:

I

Sr. No. Dates on which Audit Committee meetings

were held

Shri K. Udaykumar

Saboo

________________

Smt. Poonam Sanghi

_______ I 29th ApriI, 20 I 7 Attended Attended Attended

2 29th July, 2017 Attended Absent Attended

3 28th October, 2017 Attended Attended Attended

4 10th January, 2018 Attended Attended Attended

5 27th January, 2018 Attended Attended Attended

During the year under review, there was no complaint received from the Shareholders. No Share Transfer/Transmission i issue ofDuplicate Share Certificates were pending as on 3lstMarch, 2018.

5. INDEPENDENT DIRECTORS' MEETING:

Schedule IV alia, prescribes that the Independent Directors ofthe Company shall hold at least one meeting in a year, without the attendance of the non-independent directors and members of the management. During the year, One meeting of independent directors was held on 27/01/2018. At the meeting, the Independent Directors reviewed the performance ofthe non-independent Directors (includingthe Chairperson) and timelines offlow ofinformation between the Company, the management and the Board that are reasonab!e and necessary for the proper and efficient functioning of the Board.

6. GENERAL BODY MEETING

Location and time where last three Annual General Meetings were held:

No. ofAGM Venue Date Time 28th G-30,Shagun Arcade Premises Co op Soc. Ltd. Gen A.K. 22.09.2018 4:00 p.m.

Vaidya Marg, Dindoshi, Malad (E), Mumbai 400 097 27th G-30,Shagun Arcade Premises Co op Soc. Ltd. Gen A.K. 09.09.20 1 7 4.00 p.m.

Vaidya Marg, Dindoshi, Malad (E), Mumbai 400 097 26th G-30,Shagun Arcade Premises Co op Soc. Ltd. Gen A.K. 10.09.2016 4.00 p.m.

Vaidya Marg, Dindoshi, Malad (E), Mumbai 400 097

L)uring the last year i.e., 20 I 7- I , the Company has not passed any special resolution through postal ballot. No resolution is proposed to be conducted this year through postal ballot.

7. CODE OF CONDUCT

a) The Board ofDirectors ofthe Company has laid down a comprehensive Code ofConduct for all its Board Members, Key managerial Personnel and Senior Management Personnel.

b) The affirmation ofcompliance ofcode ofconduct for the year 20 1 7 - I 8 has been received from all the Board Members. 8. DISCLOSURES

a) There are no materially significant related party transactions that would have potential conflict vitli the interests of the Company at large.

.v. 12

. -r '



SA N( III ( '( )k I'( )UA'IJ SIItVI( i'S I 1I).

,.\ I ist t' t! Ut'%1 itflS W itli t I fttt M t t A h titttiItt il , s i i i X .1 t AutIìItL A'unis. N pciulty St! ìtUt IUPosI ii the (tuII P1!1%Y by Stth I xtititttc, SI i t I or ot ty i il i lei ni iii li iii! noy fli;tt icr iï'i;!teti tt ipittI flOU kets. ihn ìn the Inst titi yeni s.

(FNFR

iII AflflU;ti (',enei;ii Nteetin

L)tc: 2ti September, () i s

liue: 4.00 PN i.

Venne: (i-30. Shngtin At;ie Premises ('o. op Soc. I tu,, (len :\. K. Vaidva N Iart. 1)ìinishj, NIiiad (1), NlUlUbaj.4000()7

Finnneini \enr: April to March

e) Date ot'Book Closure: 17th Scptcmhcr 201S to 22nd September, 201X. fl Dìvidend Payment Date: N.A.

e) The Equity Shares ot'the Company arc listed on 'I'he Stock Excimnge, MUMIIA i fl Stock Code: 511640

g) IS1N: INE99SNLOIOI2

h) Niarket Price Data: Durini the year tinder re'ic', Comupany's sitares vere traded at Z (o411 er sitare. lo. RECISTRAR I S1IÇRE 1'RÀNSFER AGENTS

The Company's Share transfer and Dcnateriaiizatjon vork is handie(I by time Registrar & Share Transfer i\gent, Sharex Dynamic (India) Nt. Ltd., Unit-1, Lutlira Industrial Premises, Andheri Kuria Road, Saled Pool, Andimeri (E), Mumbai-400072

11. SHARE. TRANSFER SYSTEM

The share transfers are registered and returned within a period of 15 days from the date ofreceipt ifdocuments arc in order. The share transfers are approved by time share Transfer Committee.

12. DISTRIBUTiON OFSIIAREHOIDING los on 3I,03.20i81

SharehoIdint ofNominai Value II No. of Holders I%1 of ilolders Total Amount I%I of Amount UPTO 5,000 2543 92.51 36,39,010 12.13 5.001 - 10,000 90 3.27 7,95,900 2.65 10.001 -20.000 37 1.35 5,47,000 1.82 20,001 -30.000 33 1.20 8,62,000 ___________ 2.87 30,OOI -40,000 9 0.33 3,16,670 ___________ .06 40,001 -50.000 IO 0.36 4,73,120 ___________ .58 50,001 - 1,00,000 8 0.29 5,75,000 1.92 ABOVE 1,00.000 19 0.69 2,27,91,300 75.97 TOTAL __________________ 2749 100.00 3,00,00,000 100.00

13. DEMATERIALSATION OFSIIMIES

The Company's shares are under dematerialization by NSDL I CDSL under ¡SIN: ¡NE998M0 1012

Piace: Mumbal Date: 28.07.20 18

13

For and.n behaifofthe Board, .'Ir'\

L '::

y » ' :' (A.KSanghi) Director



SANGJII CORPORATE SERVICES LTD.

1)ccJaratiOtl fJjrflhi1Ig CornPIi1fl of Code of Conduct

As provided under SEDI (Listing Obligations and DisCl0Sre Requirements) Rcgtllatiøn. 2015 with tue Stock

Board Mcmbcrs havc confirmcd conipliat willi the Code of Conduct for the year ended 31.03.2018. Exchange

Place: Mumbal Date;28.07.2Ol8

roi onu on OCflalfoft HOard

flghj)

Direct

AUDITORS CERTIFICATE ON CORPORATE GOVERNANCE

To,

The Members of Sanghi Corporate Services Limited,

We have examined the compliance ofthe conditions ofCorporatc Governance by M/s Sanghi Corporate ServicesLimited 10r

the year ended 3 I st March, 20 I 8 as stipulated in SEDI (Listing Obligations and Disclosure Requirements) Rcgulatio0 20 I s oî

the said Company with the Stock Exchange.

The compliance ofconditions ofCorporatc Governance is the responsibility ofthe management. Our examination was limited to

review ofthe procedures and implementation thereof, adopted by the Company for ensuring the compliance with the Coflditj05

ofCorporate Governance as stipulated in the said clause. lt ¡s neither an audit nor an expression ofopinion on the financial

statements ofthe Company.

In our opinion and to the best ofour information and according to the explanation given to us and the representation made by the Directors and the management, we certify that the Company has complied, in all material respects, with the conditions of Corporate Governance as stipulated in SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.. We state that such compliance is neither an assurance as to the future viability of the Company nor the efficiency or effectiveness with which the management has conducted the affairs of the Company.

For Vivek R. Agarwal & Co. Charterrd Accountants

M.Ñ'o.'0372 fr[ C. A.

F.R.No.129058W I) 44372 ) Vivek Agarwal j 4

(Proprietor)


14



SANGIII CORPORATE SERVICES LTD.

CERTIFICATION UNDER CLAUSE 49(V) OF TIlE LISTING AGREEMENT

I. Ashok Kurnar SangIi and Mrs. Poonarn Sanghi, directors of the Company hereby certify that:-

A. have reviewed financial statements and tue cash flow statement for tile year and that to (Ic best ofour knowledge and

belief

I. These statements do not contain any materially untrue statement or omit any material fact or contain statements that

might be misleading:

2. These statements together present a true and fair view ofthe Company's alfairs and are in compliance with existing

accounting standards, applicable laws and regulations.

B. There arc, to the best ofour knowledge and belief, no transactions entered into by the company during the year which are

fraudulent, illegal or violative of the Company's code of conduct.

c. We accept the responsibility for establishing and maintaining internal records for financial reporting and that we have

evaluated the effectiveness of internal control systems of the company pertaining to financial reporting and we have

disclosed to the auditors and the Audit Committee, deficiencies in the design or operation of such internal controls, if any,

of which we are aware and the steps we have taken or propose to take to rectify these deficiencies.

D. \Ve have indicated to the auditors and the Audit Committee:

There are no changes in internal control over financial reporting during the year.

2. There are no changes in accounting policies during the year and that the same have been disclosed in the notes to the

financial statements; and

3. There are no instances of significant fraud of which we have become aware and the involvement therein, if any, of

the management or an employee having a significant role in the Company's internal control system over financial

reporting.

A. K. Saughi Director

Place: Mumbai

Date: 28.07.2018

15

Poonam Sanghi Director

'.4



SANGIJI CORI'ORATE SERVICES LTD.

ANNEX u

Form No. MGI-9

RE11,

EXTRACT OF ANNUAL RETURN

as on the financial year ended on 3 Ist March, 2018

[Pursuant to section 92(3) of (lie Companies Act, 2OI3and rule 12(1) of the

Companies (Management and AdminiStratioil) Rules, 2014J

A RIC.ISTRATIÛN AND OTHER DETAILS:

B. PRINCIPAL BUSINESS ACTIVITtVS UFTIIF. COMPANY

IS,. ¡Name and Description ofmain products /services t NIC Code ofthe Product! I % to total turnoi1

INo. ß

I service% to total turnover ofl the company

¡a. /Trading

the company

in Equi Shares ofListed Companies J 65 I

O

lb. Ilrading in Futures & Options in Shares of Listed 65 I

j j Companies I

I

C. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES

Sr. I Name and address of the I CIN/GLN HoldinglSubsidiary/ I % of shares

No. j

company ¡

Associate

a j NONE I

N.A. N.A. I NIL

D. ShARE hOLDING PATTERN

i) Category-wise Share Holding

16 t..



SANGIII CORI'ORATE SERVICES Cli).

-.---------- No. ofShares held at hie beginning of No. olStiares held at the end ofthe year % the year 01-04-2017 31-03-2018 Change

tegoY of ¿lii ring the year

Dernat Phiysicah Totah % of Denial Physical rotnl % of StIareh0I' Total Total

Shares Shares

o o ÇfL- .Othe

o o o

___-73;:_________ otal(tt 1579320 0 1579320 52.64 1579320 0 1579320 ------ 52.64

a) l0dlvidual o o

o l- ---- - b)

Govemfl1t o o

- - c)

!0StjtUtIOflS o O

- .

d) Foreign Portfolio o o o

Investors -:---- e) Any Other Specify o o o o.000 o o

- - - - - Sub-total (A) (2):- 0

- 0

o - Total shareholding 1579320 0 1579320 52.640 1579320 o -- 1579320 52.640 0

B. Public Shareholding - (a). lnstjtUtj0

-

o o o o.000 o

-

a). Mutual Funds o o - - ________ -

b).Venture Capital Funds o o ____99_O -

c). Alternate Investments o

Funds - _____ _____ -- d). Foreign Venture

____ o

_____ _____ _____

CapitalFunds ________ ________ ________

e). Foreign Portfolio o o 0.000

Investors

o. Financial Institutions I O

________ o 0.000

______ ______ ______ _______ _______ _______ ________

g),InsuraflCe Companies O ç o.000

h).Central I State O o o.000

Government I President

Ofindia

i). Provident Funds I O o o.000

Pension Funds ________

j). Others (speci1,')

O o O

Sub-total (B)(l):- o o o

2. Non-Institutions ________ ________ ________ ________ _________

a) BodiesCorp.

i)Indian 217068 574070 791138 26.370 221468 567670 789138 26.300 -0.070

¡i)Overseas 360310 99900 460210 15.340 360310 99900 4Zl0 15.340 0.000

17



SANG III CORPOUATJ SERVJCES LTL).

Category of

No. 0f Shares held at (lie Iwgnniflg of No. of Shares

(4

Sharcholdm J)eriiat

UeyelrO' Tot;il

Shares harc hr

fiBFsregst vitl)

O

c.) Employee Trusts

d.) Overseas depositories

e) Other (speCifY) 0 600

Clearing NlcnlberS 600

40531 131

Bodies Corporate 128201 128001

HUF 706110 673970 1420680

Sub-tûtal (B)(2) 706110 673970 1420680

Total PuIIIIC

5rCh01ng (B)(B)

(1)+ (I3)(2) O

c. Shares held by

EEEE& Grand Total (A+B+C)

0.000f of o

02 2600 0 2600

131 4053!

4.27

4736 712510 667570 1420680

6o7I210667570142068O4736n

O

0.00! 2291830f 6675701 3000000! 100.00

0.000l

ii) 5areholdiflg olPeolnoters ret1olding at the beginning Shiarehiolding at the end Ofthr

ofthe year

f %0fShareS o of % of %ofShar

pledged I Shares totI Pledged /

s cncunibercd Shares encumbered ¡

to total of the to total hoIdj1 No.

company shares compn shares during

427910 ¡4'64 427910 14.264

I ASHOK KUMAR SANGHI O 389170 l'97'

389170 l'9'

00001579320 5I644 . o.o(

1579320 Total

holding ( please sp ec:i1ere is

areholding at the beginning of Cumulative Shareholditig during

e sear sear

CrcasiIlg/ o,or total

creasing in Shares

noing tu e COITII)111) sha of the

fcne:frth1c

18



SANG!!! CORPORJiTE SERVICES LTD.

i',)51rC110ng -i

o.

i-

'

Pattern oftop ten Shareholders (other than Directors Promoters and Holders Name No.of % ofthe Date Increa- Reason Shares Shares Sing! at (lie Oftf,

Decrea. beginning company sing in /end offlìe share- Year holding iiAST1MAL SAMRATHMAL I 27700 4.257 -04-2017 Dft'AM1A (HUF)

I

orGDis and

No.01 shares

ADRs)

% of total

Shares of the

company

- -;_. - -

-- -

7 -

Î -

7

.Closing Balance - pUSHPAPUNAM!A ----- closingBalance

YNICHANDHOK

-Closing Balance

RAVINPRAVINPUNAMIA

.ClosingBalallCe

KUSUM SARUPARIA

-Closing Balance

SANGEETAPRAVIN PUNAMIA

119610 - --- -

93500 - oo

41500

3.987

3327

- 3.117 - - )453

1.383

31.03.2018

01-04-2017

31.03-2018

oo4-2ol7

31-03-2018

01-04-2017

31-03-2018

31-03-2018

01-04-2017

NoChange _______

NoChange

No Change

NoChange

No Change

127700 ______

119610

4.257 ______

3.987

99800 3.327

93500 3.117

73600 2.453

-

T - -Closing Balance

VIPUL CHANDULAL SHAH 1111111 ioo

-

1073

31-03-2018

01-04-20F No Change 41500 1.383

-i-

-

-Closing Balance

SONU SHARE

CONSULTANCY PVT LTD 20200 0.673

3i-03-2018

01-04-20 17

No Change 32200 1.073

-Closing Balance i!ro3-2o'8 No Change 20200 0.673

1 ÄNAPURNA SHRIKANT 15500 0.517 01-04-2017

- TIBREWALA

-i..

-Closingflalance 31-03-2018 NoChange 15500 0.517

- i:i GODA 15000 0.5 01-04-2017

-Closing Balance 31-03-2018 NoChange 15000 0.5

v Shareholding of Directors and Key Managerial Personnel:

ii Name Shareholding at the beginning of Cumulative Shareholding during % of total No. the year the year Shares

No.of % ofthe Date Increa- Reason No.Of of the

Shares Shares sing! shares COmpflY at the oftlie Decrea-

beginning company sing in /end ofthe share-

Year holding

-i- ASHOK KUMAR SANG!-!! 427910 14.264 No Change 427910 14.264

i POONAM SANGHI 378410 12.614 No Change 378410 12.614

TT

19



S/tNGITI CORI'ORATE SERVICES LTD.

V. IDERTEDNESS Secured Loans Unsecured

cIuding depositS Loins

Indebrdness at (he beginning ofthc financiI year

0.00 o 00

i) Principal Amount

¡j) lntcrcst duc but not piid

iii) lruerest accrued hut not due O o

Total (ifIf1ii)

o 0.00

"Change in Indcbrcdne&s during the financial year O

0.00 o

. Addition

. Reduction o 0.00 o

Net Change

Indebtedness at the end ofthe financial year O

000 o

i) Principal Amount

ii) Intcrcst due but not piid

iii) Interest accrued but not

Tot2I (i+ii+üi) o

0.00 0

VI. REMUNERATION OF DIRECTORS ItND KEY MANAGERIt L PERSONNEL

A. Remuneration lo Managing Director, %%'hole-(imc Directors and/or Minager:

SI. Particulars of Reni uneration Name of MDIWTD/ Manager ol Arno

no. -

- -

I Gross salary O

O o 0

(a) Salary as per provisions contained in section

17(1) ofthe Jncorne-taxAct, 1961

(b) Value ofpcqusites iils J 7(2)lncome-tax O

O o 0

Act, ¡96!

(c) Profils iii lieu ofsalaxy under section I 7(3) 0 0 0 0

Income- tax Act, 1961

2 Stock Option O

O O o

3 Sweat Equity O

O O o

4 Commission o o o o

-as%ofprolit O

O o o

- others, specif, o o o o

5 Others, please specili O O o o

Total (A)

Ceiling as per the Act

B. Remuneration to other directors:

SI. ParticuIr of Remuneration Name of I%ID/WTD/ Mniger al Amount

no.

Il.

_________________

Independent Directors

Fee for attending board / committee m

1 Commission

bthers, please spcci

j Total (I) 12 Other Non Fxecutive Director

ce for attending board /

_______________________

mmit1ce meetings

20



- .cotnrnisSiO - Others, please specify

Total (2)

Total (B)r(1+2)

Total Managerial Remuneration

Overa11 Ceiling as per (lie Act

c Rcniuflcrfhbohl to key managerial:

particularS of Rem unerat ion

SANGIJI CORPOPJtTE SERVICES LTD.

- o o

_____________ o

o o o o

o

o o

_ o

o o

other than MD/MANAGEP/VTD

Company

- I

- - -

- GroSSSalaY

(a) Salary as per provisions contained in section

17(1) oftlie Income-taxAct, 1961 ------------ (b) Value ofperquisites u/s l7(2)lncomet Act 1961 ----------------- (e) Profits in lieu ofsalary under section 17(3)

Income- tax Act, 1961 -----------------------------

- o

-____ o - o

'..IuIIy ____ o o

____ o

____ o o

____ ____ I Stock Option

- o o

____ o o

-r -------------------------- Sweat Equity o o o

4

i!íii

CommissiOn _______ 5lease specif' - - o

- o

o

o

o o

o

TotaI o o o o -- yll. PENALTIES I PUNISHMENT/ COMPOUNDING OF OFFENCEs -

Type Scctionije Companies

Act

____________

Brief Description

Details of Penalty! Punishment!

Compounding fees imposed

Authority IRD/CLT/ COURTI

Authority IR4C1T'

COURTJ

¡1PANY ________ __________

NONE ____________ ____________

_________ Penalty _______ NONE

_________

Punishment ____________

_______ NONE

________ ________

Compounding____________

___________ _____________ _____________

B. DIRECTORS ________ __________ ________________ ____________ ____________

_________ ity

_______ ___________ NONE

________

Punishment

________ ____________

_______ NONE

________ ________

Compounding __________

___________

_________ NONE _____________

__________

_____________

___________

Place: Mumbai Date: 28/07/2018

21

For and on behQlfofthe Board,

1' '.E(tnghi) ' . ':: Director



S1tNGIII CORI'OR,%TE SER%'ICES

LTD.

POLICY ON DIUECTORSIA1)1)0TMT

& REM UNEIATION

REM[INER,tTIC)N POL 1C1

Th Corn:ijiuce would tjccide remUflCratiOU policy at appropt trîJc because as of,iow no rernuJcratjon is

paid

of thc Vircctors oftJic Company.

CRITERIA FOU ¡DE[TIF1CATION

j: PERSONS FOR ,tIPOINThIENT AS DIRECTOIS 'trw ,

M1t r'tGE%tENT:

¡n 1CO(LI3nCC with thcprovisions o1sctioti I 7S(3) of the Act read y. ith SERI (Listing Ohligaciotis aoci DISClosure Requ

RcguIation. 2015, the Nomination and Remuneration Cciit:nitEee is required to formulate the

qualihcations. positive attributes and independence of a Director. The criteria adópted by the Nomi criteria for de

ir term

aforesaid purpose as under:

nation Committee fur t,

Criteria for determining qiiatili calions, positive attributes and iiidcpenileiiec oía director:

f, QuALrFIctrroINs:

a. 1k/She should possess appropriate skills, experience and Knowledge in one ormore fields ofFina rice, Law,

Sales. Marketing, administration, research. Corporate GoveniaiiCe, Technical operations or other s related ta

tine Company 's Business.

b. Such qualifications as may be prescribed under the Companies Act, 2013 read with rules framed tIlereund

Listing Agreement with the Stock Exchanges.

er n.i th

¡r. POSITIVE ATTRIBUTES:

a. He/She should be a person ofintegrit' with high ethical standard.

b. He/She should be able lo commit to hisier responsibilities and devote sufficient lime and attention to his lier

professional obligation as a director.

C. I-fe/She should have skills. experience and expertise by which the Company can benefit.

ci. In respect ofExccutive/VhoIe tinte Director/Managing Director, in addition to i(a) & (h) and Il(a) to(c) above, lie/she

should have strong quality ofleadership and team mentoring, recognition, nianagemenc skills. vision, ability to Steer

the organization even in adverse conditions, innovative thinking, result oriented and ability to enhance reputation of

the organization.

Iii. INDEPENDENCE:

¡n respect ofan independent director, in addition to I (a) & (b) and Il (a) to (e) above, h/sI,e should fulfill the criteria for

being appointed as an Independent Director prescribed tinder section 149 ofihe Companies Act, 20l3 read with Schedule

iv to the said Act and the provisions ofClause 49 oldie Listing Agreement as amended from time to time.

PI:ice: Munthai Date: 28.07.2018

i.'

22

For arid on hehalfofthe Board,

. j (,1J,l Sanghi)

: ' Director



SANC Iii CØII)I(,J'F SI RVICES CFI).

ANNEXUIW V ALJI)Ii REI )RF FO1 TIIî FlNANç,\1 YE,j tND1:D )ISTMArçII 20l t'ursuant to Scctioi 20.1(1) nI (lic CnTiip;iiijcç Act, 2013 and rule No,) of (lie Companies ( A ppoi ni icn t and l ein uncra(j o Reisoi1 nel) R u les, 20 I 4

-ht ICI1it)crS,

;iiigIIi Co.im0rtc Services Liniiteti

3I Nl0r Al,anfihcnt Plot No. I 2,

Afliritvafl. \ashod li alit.

OlW Dilidoshi Depot

0rcgoIl East.

MtIrn1ai- 400063.

I . \Vc have conducted tite secretarial audit nt tI coInplitnce of applicable statutory provisiotis and the adherence to good corporate practices by Sanglii Corporate servjc Limited (hereinafter called "The Cornpany". Secretarial Audit was conducted in a manlier that provided us a rcasoIable basis for evaluating (he corporate conducts/saucory compliances and cpreS5i0S our opinion thereon.

2. Based on our verificatioii of Sanglii Corporate Services Limited books, papers, minute books, forms and returns tiled and other records maintained by (lie Company and also the information provided by (Ile Company, its officers, agents and authorized representatives during tile conduct of secretarial audit, WC hereby report that in our opinion, the Company has. during the audit period covering tite financial year ended on 31st March. 2018 complied with the statutory provisions listed hereunder and also that the Company has proper Board-processes and compliance-mechanism in place to the extent. in the manlier and subject to the reporting made hereinafter

\Ve further report that compliance with applicable laws is the responsibility ofthe Company and our report constitutes an independelit opinion. Oui report is neither an assurance for ftiture viability ofthe Company nor a confirmation of efficient i,ianagetlielit of the Company.

\Ve have examined (lie books, papers, minute books, forms and returns tiled aitd other records maintained by the Company for tite financial year ended on 3 I sI March, 20 I 8 and according o the provisions of: (i) The Companies Act. 20 13 (the Act) and the rules made thereunder; (ii) Tue Securities Contracts (Regulatioti) Act, I 956 (SCRA') and the rules made thereunder; (iii) The Depositories i\ct. 1996 and tite Regulations amid Bye-laws framed thereunder; (iv) Foreign Exchange Management Act, 1999 and the rules and regulations made thereunder to the extent of Foreign

Direct Inves(nient, Overseas Direct Investment and External Commercial Borrowings; (y) The following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act. 1992

("SEBI Act"):-

(a) The Securities and Exchange Board of India (Substantial Acquisition ofShares and Takeovers) Regulations. 20(1; (b) The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations. (992;

(e) The Securities and Exchange Board ofitidia (Issue ofCapital and Disclosure Requirements) Regulations, 20O; (d) The Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase

Scheme) Guidelines, (999 ........... Not applicable

(e) The Securities and Exchange Board oflndia (Issue and Listing ofDebt Securities) Regulations, 2008 ............ Not applica bic

(f) The Securities and Exchange Board oflndia (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 regarding he Companies Act and dealing with client;

(g) The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009;... Not applicable and

(h) The Securities and Exchange Board of India (BuybaCk of Securities) Regulations, 1998; ..... Not applicable

23



SANG Ill CORI'ORATE SERVICES LTD.

5. '\? havc aI() caniiiicd coi,iplia:icc viIi (liC .11,pIicahIc cIauWS ofihe fdHowiilg

(i) Sccrctaria SL1II(Iards is .. cucti by The iisIIEU(C fC()11Y Secretarics of liidia.

( ii) Tlic Listing rcciiicIlrs c,itcrctl into by h COII1P3I1Y With1 flonibay Stock Exc' iic;

ô. During the period tinder review flic Compati) lias complied Willi tIle provisions of the Act. Rules, Rcgul5

Slaud.irds, cte. nieiitioiicd abose subject to clic f0llowing obsc3ti0115 CuidcIin5

I. Thc Company lias iiot appointed a wimole-tinle key Maimagerial Personnel in terms of Section 203 read wi

Companies Act, 2013 during the fl,iancial year utidet rCVÎCW.

Rule Of

ii. The Conipany lias 1101 appointed an Internal Auditor in ternis of Section 138 read with Rule 13 of the Comp5111

(Accounts) Rules. 2014 of Companies Act, 2013 during tile tinancial year under review.

\Vc further report that

TIte I3oard ofDirectors ofthte Company is duly constituted with Non_Executive Directors/Independent Directors. lite Cha

in the composition oîthc l3oard ofDircctors that took place during the period under review were carried out in compliance

[lie provisions ofthe Act.

Adequate notice is given to ail directors to schedule (he Board Meetings. agenda and detailed notes ori agenda Were sent a leas1

seven days in advance, and a system exists for seeking and obtaining further information and clarifications on

before the meeting and for meaningful participation at tite niectitig.

the agen5 items

Ali the decisions are taken unanimously after taking into consideration views. opinions expressed by ali the members We

further report that there are adequate systems and processes n the company commensurate with the size and

company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines. Pation5 OfthC

Ve further report that during the audit period there are no instanCes of:

(i) PubliclRtghVPrefercntiah issue ofshares /dcbentures/sweat equity, etc.

(ii) Redemption / buy-back of securities

(iii) Major decisions taken by the members in pursuance to section 180 of the Companies Act, 2013

(iv) Merger J amalgamation / reconstruction, etc.

(V) Foreign technical collaborations

For R. J. Agrawal & ASsociates

- Company Secretaries ,k''N 7:

131: ;,l, Proprietor

PIace Mumbai

M.No. FCS 7267

Date: 28.07.2018

C.P. No.: 3763

24



SANCHI CORPORATE SERVICES LTD.

ANNEXURE-VI sEKTbON 01? ENERGy:

I) : there IS flO production activity the power COflSUIflptjon is NIL and hence the conservation ofcnergy is not applicable.

2)

TEC0LOG ABSORPTION:

presentlY the Company is not in any active mode, the technology absorptio, is not applicablc.

3) FOREIGN EXCHANGE EARNINGS AND OUTGO:

In the ce1t Financial Year there was no Foreign Exchange Earnings Outgo.

FORMA

pO\\'ER AND FUEL CONSUMP rent Year (in

) Previous Year (in )

ØgMB

A. RESEARCh & DEVELOPIIENT:

In the cUffet Financial Year there were no Research & Development activities being carried out.

B. TECHNOLOGY ABSORPTION, ADAPTATION & INNOVATION:

As already indicated, the company is passing through a difficult situation and as soon as the same becomes active,

anagement would try to utilize various technical means for the benefit ofthe Company.

For nd,1halfoftI1e Board,

.

Piace: Mumbai 1A Sanglu)

Date: 28.07.2018 .

Director

ANNEXURE-VI!

Disclosure under Section 197(12) and Rule 5(1) of the Companies (Appointment and Remuneration of Managerial

personnel) Rules, 2014

The Board is pleased to mention that none ofhe Directors have been expecting any compensation including the Sitting Fees

in view of the precarious finançialposition of the Company. Further there are no PernianentlTemporary employees in the

Company and hence any furt?er details are not applicable.

For and on behalfofthe Board,

Place: Mumbai ,

(A.K Sanghi)

Date: 28.07.2018 .:. Y Director

ANNEXURE-Vill

Disclosure under Rule 5(2) and Rule 5(3) of(he Companies (Appointment and Remuneration ofMaiiagerial Personnel)

Rules, 2014

The Board is pleased to mention that none ofthe Directors have been expecting any compensation including the Sitting Fees

in view of the precarious financial position of the Company. Further there are no Permanent/Temporary employees in the

Company and hence any further details are not applicable.

Place: Munbaj Date: 28.07.20 18

25

For and obchalfofthe Board, ..

Ai-1'

. ::

.; (A.K Snghi) ' ... .. ::

;: Director



S\N(; iii ( ( )RI()R,VJi sj;u'Jc1:S I;FU.

INJ)J:I'I;NI)JN'l A tJJ)1iOJS ui:ioi,

To.

Tue t%Iciubcrs of,

SANCII I (flI')R,tiI sI:nvl(:I;sI.I.I I III)

Icl)or Oli (lIC Iiui:iitciI Slalt'iiierIs

\'c liavc audiciI hic acconijuiiyiiig tiitaiicial slatUltiellIc f SAN(iI II ( 'O1I)RAI E SIIVJ( .JS I.IMj I() 1i} % h ich coni pri sc t Ji e fla Lii ict S Iict ac ¡it N lard i 3 I . 20 I 8. (Ii S taEcui cn I ù I l'ru Ii I and I ic a'h j. Ij

(I ¡C ycar then ciidd , od a suni n o f s ¡go i fia u t aceollu t i g put i C i C a n d ,t Icr xpIaii ' i rin a i

tIunigernciiI s RcioiisiliiIity fr hic Fiii;uicial Stalenieti Is

1Iic Mariagcuicnl and Board of Directors of the Coiiipany arc rcsponsihlc for the matters Staled in 4r5

Companics ,\ct, 20 I 3 ( 'the Act' ) with rcspcct to (lic prcparatioll & presentation of these financial tatcmc,1t that "

aiitl fair ofthc linancial posRion, financial performance and cash I1vs ofihe Company in aCC(Jrdancc t. principks gcncrally acccptcd in India, including the Accounting Standards speciflcd urujcr Section j 33 j Iht Rok 7 ofCoinauics (Accounts) Rules. 2014. ïhis rcsponsibiJity also includes tnaintcnancc Ofadc(uatc

accordance vitli th provisions ot'tlic Act lcr safeguarding the assets oftlic Company and for preventing and

and oilicr irregularities; selection and application ofappropriate accounting policics; rnakingjudgmc0 j ci ' rj.

rasonahle and prudcnt; design. iniplernentatioti and maintenance of adequate internal financial corItr()l Iha:cs th4

effectively forcosuring tue accuracy and conipictencss olthc accounting records, relevant to thc preparation ad tJfl

the Ipnaiicial statements that give a true and fair view and arc free from material misstatement, %vJ)ct}lcr du

Auditor's Responsibility

fraud re

Our responsibility is to express an opinion on these standalone financial statements based on our audit.

\Vc have taken into account the provisions ofihe Act. tue accounting and auditing standards and matters shich

be included in the audit report under the provisions ofthe Act and the Rules made thereunder. are requ!r

\Ve conducted our audit in accordance with the Standards on Auditing speciuied under Section I 43( I 1j of thc ,s,

Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable as

whether the financial statements are free from material misstatement. suranc...Q

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in tic financial statemen

The procedures selected depend on the auditors judgment, including the assessment of the risks of material misstatement

the financial statements, whether due to fraud or error. In making those risk assessments. the auditor considers internal

control relevant to the Company's preparation ofthe financial statements, that give a true and fair view, in order to design audit

procedures that are appropriate in the circumstances, but not for the purpose ofexpressin an opinion on 'hether the compaiy

has in place an adequate internal financial control system and lIte operating effectiveness ofsuch control. .an audit also ¡nclud

evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by cj

Company's management and Board ofDircctors. as well as evaluating the overall presentation ofthe financial statemen

\Ve believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit Opinion the

financial statements.

Emphasis of Matter

We draw attention to the following matters in the Notes to the financial statements:

ci) Pain! (vii) (h) ofì1niexue A io Azic/ Repon & Sub Poii Vo. I ofPoint (C) in .Vote /5 Ofl1WfiflaflCi(I1S1(ik7flnhi iihjch

desc,ibes ¡he zi,;cer&linly re/aiel lo 11w au/come oft/it' Block ,lssessrnen: by 11w Iizcone Tcc a:It/Jorj/jes up to ¡he period of

search and asceriainc'd 1/le liabilities to 1/le ex/e/li of' 3, /3, 93,572/- ivhic/i has bee,, dispuied by hie company b'fore ,h

higher aul/jorilies.

b) The Conipany bas acc,,,ni/a1eci losses (End its Plc! iiorl/l bas beenfully c',dcj, the company lias inc,irr'd a n'i cash loss

during (lie cuireni andprevious years aui tlu' Cwnpany r cu,re,il liabilities exceeded ils curn',il assets as at ¡he balaiice

slice! dale. This condition, along iil/i I/IL' iiza(ler ic/a/ed lo Long Tenu Trae/e Receivabic o:,tsiaiidingfur ,nor than 36

fliOPli/IS selforfil l.'l Sub Point No. 2 ofPoiiit (C) in Noe'e 15 ofthefinancial cfaternenls, jndicai.' ¡lie e.xisn'nce ojo ma1rlll

iI,wer,aiuly iliat 1?W casi signj/iC(iiil (101bl ciboiii lhe Company £:hilh)' to coilliliite as o: going concerli. Howc'e ih

financial slalenienis ofthe Company have been prepared on (t going concern hasisfor the reasons stated in the said Vote

26



SANGIJI CORPORATE SERVICES LTD.

IS na( nrndilìcd ill rcspcct oftIic matters.

()pI1::;Io 3forchi' comment, in Our opinion and to the bcst ofour iflformatjo, and according to tue explanations given to us.

S'J.orcsald fjiiancial statements give tite information required by (lie Act in tue manner so required and give a true and fair

(J1coiifor1hhutY With the accounting principles generally accepted in India oftije state ofalfairs ofiJic Company as at 31st

1:ii ,i8 its loss and its cash flows for the year elided on that date.

port° OIlcr Legal and Regulatory Requirements

A cqu''

Companies (Auditor's Report) Order, 20 I 6 ("the Order") issued by the Central Government of India in terms

. Il) ofsectionl43 ofthe Act, we give in the Annexure A, a statement on the matters Specified in paragraphs 3

.5ub- Order.

5rcqui bYc0ul 143(3) oftheAct, we report that:

\Ve have sought and obtained all the information and explanations which to the best of our knowledge and belief were

a. essaIY for the purpose ofour audit;

In our opinion proper books ofaccount as required by law have been kept by the Company so far as it appears from our

b. exan1iati0

ofthoSe books;

C. The Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this Report are in agreement

with books of account;

d In 0ff opifliOn the aforesaid standalone financial statements comply with the applicable Accounting Standards specified

.

under Section I 33 ofthe Act, read with Rule 7 of the Companies (Accounts) Rules 20 I 4;

e. our opinion there are no observations or comments on the financial transactions, which may have an adverse effect on

the functioning ofthe Company;

f. 011 the basis ofwritten representations received from the directors as on March 3 I , 20 I s, and taken on record by the Board

ofDireCtOrS, none ofthe directors is disqualified as on March 31, 2018, from being appointed as a director in terms of

Section 164(2) ofthe Act;

g. With respect to the adequacy ofthe Internal Financial Control over financial reporting ofthe company and the operating

ellectivefless ofsuch control, refer to our separate Report in "Annexure B" ofthis report.

h In our opinion and to the best of our information and according to the explanations given to us, we report as under with

respect to other matters to be included in the Auditor's Report in accordance wjth Rule I I of the Companies (Audit and

Auditors) Rules, 2014:

(i) The impact ofpending litigations has been duly disclosed in the financial statements- Refer Sub Point No.1 of Point

(C)inNote 15;

(ii) The Company did not have any long term contracts including derivative contracts for which there were any

material foreseeable losses.

(iii) There has not been any occasion in case of the Company during the year under report to transfer any sums to the

Investor Education and Protection Fund; hence, the question of delay in transferring such sums does not arise.

(iv) Based on audit procedures and representations provided to us by the management, we report that the disclosures are in

accordance with the books of accounts maintained by the company and as produced to us by the Management

For Vivek R. Agarwal & Co.

(e5

ou ntan ts

Agarwal

Place: Mumbai ( 44372 (Proprietor)

Date:28.07,2018

J M.No: 044372

FRN: 129058V

27



sjrwJCEs jTJ)

,N(;"

A,IncIirc to g,lcA11'ub0rs

ßCI)ort icport io 01c,nI,ers of SANCItI CORPr(AT.

%fl(tCVdh1('' A'"'°

cH(ICd .3 Ma rCI', 20 J 8

Ou tue I,asiS 0fsuCfl cIiccks

as Wc coiiSjdcd appr

du- ord' is not applicable.

(lie cours(' 0four :iudut.

rcl)Ort tlia( tl,crcfotc

patagu

2. T' ° ¡jcfItO during ilic ycar. tl1erCf0

paragraph 3(u) 0fthe ordcr is not applicable.

I. There is 110 Fixc Assc

JriI1g the 'Car

3. The COJflPY 1135

granted any loanS, secUr or unsecured to companh, firms or other panics Covered in

niaintajd undcrSCCtiOfl J89 oftheACt. Therefore

paragraPh 3(uui) 0fthe ordcr is not applicable. e

4. In our opiniOfl. and accordg to the information and explanations giVCfl to us, the Company has complied With

the

proviSioflS ofScCti0I1S I 85 atid I 86 ofthe Act.

5. The CompaNY has not accepted any depositS from the public as covered under provisions ofSection 73 to 76 of

rules made there undcrto the extent notified. Therefore paragraph 3(v) ofthe order is not applicable. th Act

6. As informed o us, the Central Government has not prescribed maintenance ofcoSt records under sub-section

( I ) Of

j48 oftlic Act for any ofthe seMceS rendered by the companY. Therefore paragraph 3(vi) ofthe order is applicable.

7. (a) ccording to the information and explanati05 given to US and based Ofl the records of the company CXined by

us, the companY is regular in depositing the undisputed statuto')' dues, including Provident Fund, Empi

Insurance, Incometax, Sales-tax, Value added tax, SeMCe Tax, CeSS and other material statuto dues, aYees State

applicabl

with the appropriate authorities in India. As informe, provisions ofCUStOmS Duty and Excise duty are not applicable

to the CompanY during the year under report;

(b) ccording to the information and explanations given to us and based on the records ofthe company examined by

there are disputed inCome tax dues for the following asseSSmetlt years:

Remark Amount

Sr. Year

cided till date due orable lIAI an

by the IT Department.

no material dues ofServiCe Tax, Sales Tax and Value added tax which have not be

Subject to above there are en deposited

on account ofany disputes. As informed, provisions ofCustomS Duty and Excise duty are not applicable tothe Company

during the year under report.

8. According to the information and explanations given to us and based on the records of the Company examined by us,

the Company has not taken any loan or borrowing from financial institution, bank, government and neither issued axy

debentures during the year. Hence paragraph 3(viii) ofthe order is not applicable.

9. The Company did not raise any money by way ofinitial public offer or further public offer (including debt instruments) and

term loans during the year. Hence, paragraph 3 (ix) ofthe Order is not applicable to it.

lo. According to the information & explanations given to us, no material fraud by the Company or on the Company by its

officers or employees have been noticed or reported during the course ofour audit.

Il. According to the information & explanations given to us, the company does not pay any managerial remuneration during

the year. Hence, paragraph 3 (xi) ofthe Order is not applicable to it

I 2. In our opinion and based on our exam ¡nation ofrecords ofthe company, the Company is not a Nidiai Company. Accordingly.

paragraph 3(xii) ofthe Order is not applicable to the Company.

13. The Company has entered into transactions with related parties in compliance with the provisions ofSection i 77 and I 88 of

Ihe Act. The transactions with related parties entered into by the Company, disclosures whereof are made as per applicable

Accounting Standards.

14. The Company lias not made any preferential allotment or private placement of shares or fully or partly convertibk debentures during the year under report. Accordingly paragraph 3(xiv) ofthe Order is not applicable to the CompaflY

I 5. According to the information & explanations furnished to us and based on our examinations ofthe records ofthc ComPanY the Company has not entered into non cash transactions with the directors or personsconnected with them. COrdg1Y' paragraph 3(xv) ofthe Order is not applicable.

/,ç,'$ 28 frrr;.:



SANCij1 CORPORATE SERVICES LTD. 0pinion.tI1e Company Is not requjrc to be rcgiste

Under sectjo 45-IA of the RCSCC Bank of India Act, 1934. rcf0

paragraph 3(xvi) of the order is not applicable.

For Vivek R. Agarwal & Co. Cliartereri Accountants

IT A

Vik Agarwal . lunIbai

?hCe.8o71Ol 8

44372):) (4oprietor) pate.

LNo: 044372 \_1RN: 129058V

AflØcure B referred to in Our Report of Cven (late to the members of S ANGIII CORPORATE SERVICES LIMITED 00 the Financial Statements of the CO1flpny for the year ended 31st March, 2018 geport 00 the Internal Financial Controls under Clause (i) ofSub.scctjon 3 ofSec(jon 143 ofthe Companies Act, 2013 ('the Act')

'e have audited the internal financial controls over financial reporting OfSANGHI CORPORATE SERVICES LIMITED ("the conpY") as ofMarch 31, 2018 in Conjunction with our audit ofthe standalone financial statements ofthe company for the yeaí ended on that date.

nagement's Responsibility for Internal Financial Controls

The CompanY's management is responsible for estabhishig and maintaining internal financial controls based on the internal contrOl over financial reporting critejip established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the Guidance Note') issued by the Institute of Chartered Accountants of India (ICA1').These responsibilities include the design, implementation and nainteflaflCe ofadequate internal financial controls that vere operating effectively including adherence to company's policies, the safeguatdg ofits assets, the prevention and detection offrauds and errors, the accuracy and completeness ofthe accounting records the timely preparation ofreliable information, as required under the Companies Act,2013. Auditors' Responsibility

Our reSpOflsibiiiY is to express an opinion on the Company's internal financial controls over tinancial reporting based on our audit. We conducted our audit in accordance with the Guidance Note and the Standards on Auditing issued by ICAI and deemed Lo be prescribed under Section 143(10) ofthe Companies Act 2013, to the extent applicable to an audit of internal financial controls. Those Standards and the Guidance Note require that we comply vitl ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting are established and maintained and whether such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy ofthe internal financial controls system over financial reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness ofinternal control based ou the assessed risk. The procedures selected depend on the auditor'sjtidgment, including the assessment ofthe risks ofmaterial misstatement in the financial tctements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the

I Company's internal financial controls system over financial reporting.

Meaningoflnternal Financial Controls over Financial Reporting

Internal financial control over financial reporting is a process designed by the Company to provide reasonable assurance

regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal financial control over financial reporting includes those policies and procedures that (I) pertain to the maintenance ofrecords that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as

necesar' to permit preparation offinancial statements in accordance with generally accepted accounting principles, and that rccejts and expenditures oltbe company are being made only in accordance 'ith authorizations ofmanageinent and directors ofthe compaiy and (3) provide reasonable assurance regarding prevention or timely detection ofunauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial stateme...

E

RA p\ ;r'

k 29

4.

72) -I



SAN(illl ('()R1'()itVt'E SER\'ICES CfI).

IiiIieiiit LiInUation% of Ititcinal Financial Controls over Fiiianeiai Reporting

flccatise oItlie inlurent limitations ofinleinal financial controls over fiuinciaI rcporting, including the POSSjbIIj of improper IflaIHgeilent override oI'coitrols, material misstatements duc to error or fraud may occur and not be detecte5b0flor l)rojectiohls ot' any evaluation of the internal financial controls over lìnaiicial reporting to future periods are Subject that the internal financial control over linancial reporting may become inadequate owing to changes in COfldjj0 degree olcompliance vith the 1,oticies or irocedures may deteriorate or for other reasons S Or that

the

Opinion

In our opinion, the Company has au internal financial controls system over financial reporting, design Whereof needs to b

enhanced to make it comprehensive. Based on selective verification ofprocess controls matrixes, made available t the extreme end of the financial year under report and thereafter, in our opinion and Considering the internal toVards financinl reporting criteria established by the Company considering the essential components of internal control

control Over Guidance Note issued by the lCAl, the operating elTectiveness ofsuch process controls and appropriate documenistated in the needs to be strengthened to make the same commensurate 'with the size ofthe Company and nature outs business

tlOfl thereoç

does notliave Internal Auditor and not conducted Internal Audit as required u/s 138 ofthe Companies Act, 2013 he

company


30

..

For Vjvek R. Ag Char

COuntafl

arwaI & c0

443 Agary21

(Proprietor)

4b'jIZ M.No: 044372 FRN: l29o\%l



r

SÁN; i i ( '( )II)Ui\'II' Sl'UVI( IS I 'iI).

SÀN(1 ( 4)RI)I,vII: SI'R\'I( 't'S I Il\i I'III)

COVPI)v8(e 1I!t'II(lit'I(j()J) No.1 .7 I ')()I\1 I I I

()fl)JJ A

ll/1 AN('E SI IIIÇJ' AS ,VI 3 I .3.2(1 I H - - -- --

20 I 7 .- I'II(icithits Note On 3 I .3,2(1 I H I

- -i.- - ---------

No.

' EOt'11"' AN1)

( I ) Shareholder's fiintis ,.\ I, :)lkII:

(L)) RCSCtVCS & Suipitis

(2) Current liabilities

I

2

3O(1oo,00()

(42ó7I,326)

(I2,(7 1,326)

(4I34ó,22) (I l,34(,,221)

(a) Short term borro'ings 3 20,892,500 I 9,397,500

(b) Other current liabilities 'I 50,000

20,942,500

_!!!.' I 9,447,500

TOTAL 8,hl,279

8,271,174

li ASSETS

(1) Non - Current Assets

(a) Non-current in\'estiuents

(b) Other Non Current Asset

5

6

2,230,000

I,860,32ó 7,090,326

530,000 5,390,326

(2) Current Assets

(a) Trade receivables 7 8,5 I 8 I 375,2 I 7

(b) Casti & equivalents S 333,332 496,738

(c) Short term - loans and advances 9 838,998.00

1,1 80,848

838,998.0 2,710,953

TOTAL 8,271,174

SIGNIFICANT ACCOUNTING POLICIES I 5

L NOTES TO ACCOUNTS

Notes referred to above and attached there to forni an integral part of Balance Sheet

This is the Balance Sheet referred to iii our Report ofeven date.

FOR VIVEK R. AGAR\\tL & CO.

CHARTER DACCO ANTS

ARWAL

Proprietor t 441» )

M.No. : 044372 .!

F.R.No: 129058W

Place : Munibai

Date: 28/07/2018

FOR SANGHI CORPORATE SERVICES LIMITED

QAiÇc+ \J; A.K.SANCIII P. SANGIJI M.K.SU3

Director Director Director

DIN:00002587 DIN:000131 15 DIN: 00014598

31

.

.. ' ?



SANGI li CORP()R,VI'E SER'ICES LI'».

S1tNGIIJ CORPORA'I'E SERVICES LIMITE» Corporate I(ICfl(111C1t1011 No.L67I9O!'4LII989PLCO54986

PROFITANI) LOSS STA'UEIIENT FOR THE YEAR ENDED 31 3

I INCOME Rcvcmic from operations Other hicoine Total Revenue (I + H)

II EI'ENSE Purchases ofSock in Trade Other expense Total Expense

UI Profit before extraordinaty items and tax (I-II)

1V Extraordinary items

V Profit before tax (11f-EV)

VI Tax expense: (1) Currentfp( MAT Payable)

LESS: MAT Credit Entitlement Net Current Tax Liability

(2) Deferred tax

VII Protit/(Loss) for the period from continuing operations (V - VI)

VIII Proíit/(Loss) for the period from discontinuing Operations

Ix Tax expense ofdiscontintiing operations

X Proiit/(Loss) from discontinuing operations (after tax) (VIII-IX)

XI Profit/(Loss) for the period (VII + X)

XII Earnings per equity share: (I) Basic

_____() Diluted SIGNIFICANT ACCOUNTING POLICIES

I 5 & NOTES TO ACCOUNTS

Io I (784,264)' I

1 I

(222,527)1 I

I Il 151 9871 (632277)Zj I I I

I

I

I

I

12 I

120,557j 13 692.828' I-1 692,82826

I

Thosjj

/ ¡ I I

14

I

i,iosJ

-

(1,325,105)!

(0.44)1 I

I

(O.44I I (0.05)1

Sclidj referred to above and flotes attached there to form an integral part ofProfit & Loss Statement This is the Profit & Loss Statement referred to in our Reportofeve,i date.

CHA T REDACCO TANs FOR VIVEK R. AGARWAL & CO. FOR SANCHI CORPOPTE SERVICES LIMITED

C J

A.K.SANGIII P. SANGII! M.K.SA6o

(

GR4ip

Proprietor Director Director Director

M.No. :044372 DIN:00002587 DIN:00013115 DIN: 00014598

F.R.No: 129058W .

I

Place : Munibaj Date : 28.07.2018

.'

-S

32



SAN(JI I (N)RN)RA'fE SI1t VICES ITD.

SAN(jj SERVI(IS LIMJJ'EJ)

CIPI1I( I(IeII(iIicntio11 Nuj(,7 I 9I)1I I I I 9891'14C()54086

('ASh FI )W' - _ ____________- _____________

-- -- - _ 3I sI MARCiI Ji ST j,t,cii

2018 2017 Nd PrttiI I'Ior I ax EXtrn.oidiii;i,y Iteiiis i\djtitII1eI1t tbr ( I .325, I 05) ( i I 22,223)

Sundry L3nIanc v/olï

Atnor(i7ation CXpCIISCS

Otlicr Income (considcle(I Separately) I 5 I 987

Opertiflg ProtÌt/(I.oss) betì)re \vorking Capital chages (1,477,092) Add: \\'orkiflg Capial Clialiges:- - - -

i) (lncrcasc)/1)ccrcase in IflVCfl(orjes -

ii) (tncrcase)/ Decrease ¡n Trade receivables 1,366,699 (1,164,135)

iii) (lncrcasc)/ Decrease in Short teri - loans and advances - iv) (Increase)! Decrease in oilier non current asset - 1,074,419

vi) lncrease/(Decrcase) in Short - term Provisions - -

vii) !ncreasel(Decrcase) in Other curretit liahjIijs - (66 I ,778)

(75I.4) 1,366.699

Add : Edra Ordinai items 967,467

.1_:ab_Fiow troni Oneratiliff Àcthj( _______________________ _______ (9IlTh

B) Q1I FLO\\' FROM IN'ESTMEN'J' IOTIIER ACTIVITIES Purchase of Investment

( I 700,000) (530,000)

Other Income 5 1 987 5,087 _- Net Cash Flow From Investment Activities (I,548.0iJ (5242.i

C) AS1J FIOW FROM FINANCING ACTIVITIES

Short term borrowing frani Directors i 495,000 1,853,500

Net Casi, Flow From FinancingActi'ities t4950J 1,853.500

D) INCREASE IN CASh OR CASI! EQUIVALENTS

Opening Cash & Cash Equivalent 496,738 79,488

Closing Cash & Cash Equivalent 333,332 496,738

____________________________________________________________ (163,406) 417.250

Director

-

A.K.SAGII! T P. SANCItI I /1 Director Director 1

AUDITOR'S CERTIFICATE

We have examined the attched Cash Flow Statement ofSanghi Corporate Services Ltd.for the year ended 3 1 .3.20 I 8. The

statement has been prepared by the Company in accordance with the requirement ofClause 32 ofthe listing agreement with

the stock Exchange and is based on and in agreement with the Corresponding Profit & Loss Account and the Balance Sheet

ofthe Company covered by our report dated 28th, July 2018 to the members ofthe Company.

Place :Munibaj

M Vivek R. Agarwal & CO.

*pø _*4 Ch'ìrtere ccountants

cW(/jí arwa

Date : 28/07/2018 44372

-, F.R.No: 129058W

33 NJ



; fil CORPORATE SERVICES LTD.

SANG HI CORPORJTF SERVICES LIMITEI) NOTES TO ACCOUNTS FOR THE YEAR ENDED 31ST MARCH, 2018

SHARE CAPITAL

(Amount In Rupees)

parliculars As at March 31,2u March 31,2018

M1I1LQL1Zd 70 000 000 7000,000 Equity shares of' IO!- each with 70,000,000 '

lt voting rugi ______________

70 000,000 70,000,000 J5jbscribed and Paid Jj

30 000.000 30,00,000 Equity sharcs, IO!. each fully paid 30,000,000

up. TOTAL . n ,rnn ______________

, ,uuu

'I The detai ofsharehotders holding more than °,' i. i i a, __-___.. ares ,., se OUi uCiOW .

- Naine ofilie sharciioders No. ofshares % No. orsliareS

held at held at

. . March,3l,2018 March.31,2Ol7

a)AshOkKUm&Saflghi 427,910 14.26% 427,910 14.26'o

b)poonamsanghi 378.410 12.6l% 378,410 12.61%

c) Nishma Sanghi 389, I 70 I 2.97% 389, I 70 t 2.97%

d) Swati Sanghi 383,830 12.79% 383,830 12.79%

b) Thereconcilation of the number ofshares outstanding is set out below :

particulars As at ______ - March3l,2018 ¡%Iarch 31,2017

Number ofshares at the beginning 3,000,000 3,000,000

Add: Shares issued during the year -

Number ofshares at the end 3,000,000 3,000,000

e) Terms/rights attached to equity shares

The company has only one class ofshares referred to as equity shares having a par value of 10 per share. Each holder

ofequity shares is entitled to one vote per share. The company declares & pays dividend in Indian rupees. The dividend

proposed by the Board ofDirectors is subject to approval ofthe shareholders in the ensuing Annual General Meeting..

In the event ofliquidation ofthe company, the holders ofequity share vilt be entitled to receive remaining assets of the

company, after distribution of all perferential aznounts.Thc distribution will be in proportion to the number of equity

shares held by the shareholders.

d) For the period offive years immediately preceeding the date at which balance sheet is prepared. the company has:-

a) not issued shares pursuents to any contract without payment being received in cash.

b) not issued any shares by way of bonus shares,

c) not bought back its shares.

2 RESERVES & SURPLUS

Particulars As at As at March 31,2018 March 31,2017

Su ro lu

Opening Balance (41,346,221) (41,191,465)

Add: Net profit aller tax transferred from

statement ofprofit& loss (1,325,105) (154,756)

TOTAL (42,67 (4I,346,2ji



3 ShORT TUUI uomwwlNG I'artkuiars

- front Directors TOTAl.

4 0TH ER CURRENT L1MtILITI ES

I'artkulars

Other payables

Others

TOTAL

5 OThER NON CURRENT ASSETS Particulars

Lone-term trade receivables Unsecured, considered doubtful

TOTAL

6 Non Current Investments

SANG III CORropj1.

Ii)

As al

Marci, 31,20113 _3ii 20,1392,500

661,775

cli 3iao

50 4o

March 3l,20i8 Thsat

4,860,326

4.860.326

Particulars No. of Units Cost as on No. of tiii-.--_ Marcli3l,2018

OIlier Investments Investment In Ounted Mutual Funds MFlnvestment(Aditya Bina SI PureValuc 2009.124 125,000 Fund)

-

MF Investment (DSPBR Micro Cap) 5796.474 200,000 2.508.57 80,Ooo MFlnvestment(Franklin India l'rima) 2841.671 180,000 1015.683 o.000

MFlnvestinent(Franklin India SmailCap) 6378.215 180.000 2269.660 MF Investment (Kotak Emerging Equity) 10929.840 270.000 3864.635 MF Investment (L&T Emarging Business) 5449.574 150,000

MF Investment (L&T Mid Cap) 888.571 125,000 .

MFlnvestment(MIRAE Asset Emerging) 11303.644 320.000 3201.096 MF Investment (Reliance Small Cap) 14549.074 480.000 3291.666 80,000

MF Investment (SUI Magnum Mid Cap) 6363.046 200,000 2708.646 80,0th TOTAL 66510.133 2,230,000 18,859.95

Note: Investments are valued at cost in the books.

Agrregate Market Value of Quoted Investments 2,252,071 581,354

7 TRADE RECEIVABLES ____ Particulars As at Mat

March 31,2018 il3OL7 (a) Outstanding For l!ore Than Six Moulus

Unsecured. Considered good

b) Others Unsecured, Considered

I TOTAL

4».

'75'l7 8.518

t_. 8,518 .

75,3I7

35 __7

. I



r

SANG" CORPORATE SERVICES LTD.

CASH & CASH EQUIVALENTS

particulars As at

March 3h,201H March 31,2017

jüaIanccs S'ithi Baiiks in:

Current Accounts 270.344

(b) Cash in Hand 62.988 _______

TOTAL 333,332 _____

9 SHORT TERM LOANS & ADVANCES

Particulars As at

As at

_________________________ Marchi 31,2018

March 31,2017

Unsecured. Considered good

Other Loans & Advances:

Advance Income Tax (Net ofProvision) 388,644

388.644

Income -Tax Block Assessment 404.800

404,800

MAT Cerdit 45,554

TOTAL 838,998

838.998 - NOTES TO ACCOUNTS FOR THE YEAR ENDED 31ST MARCI-I, 2018

The previous year figures have been regrouped/reclassified. wherever necessarY (O conforta to the current presencation.

As at Io REVENUE FROM OPERATIONS As at 1ah 31,2017

Particulars March 31,2018 120,996 .

(343,523) i) Sale ofshares (784,264)

ii) ProtìL/( Loss) From Trading in F/0 (784,264)

(222,527)

TOTAL

I I OTHER INCOME

Particulars "

As at AS at

March 31,2018 March 31,2017

)thcr Non Operating Income

i) Dividend

ii) Miscellaneous Income

TOTAL

12 PURCHASES OFSTOCK IN TRADE

144,470

7,517

151,987

5.087

Particulars

As at M at

March 31,2018 March 31,20 17

Purchase ofshares -

120,557

- 120,557

13 OTHER EXPENSES

Particulars As at As at

March 31,2018 March 31,2017

(a) Auditors Remuneration (Refer details below) 30,000 30000

(h) Listing Fees 288,336 229,000

(h) Miscellaneous expenses 374,492 525,226

TOTAL 692,828 784,226

,ø,5;_i_4 36

2)) 'I)8'

J

a



SANGJJ' CORPORATE SEJ(y1çt.

,ts al

i3I,2OI8 Autlitors Rcintuncra(iofl

i 5,000 As an Anililor:

15,000 Audit fcc

Tax audit fcc

As at 14

31,2018 !arcI1

Sundry Creditors written back

ScilIeinCflt ClainiS from BSE

. - 1,974419 Less:

Bad Debts wlolf

- 2Z.4I9

967,4

NOTE 15:

SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO ACCOUNTS ANNEXED TO AND FORIING PART

OF THE BALANCE ShEET AS ON 31ST MARCh 2018 AND TIlE PROFIT AND LOSS STATEMENT

YEAR ENDED ON THAT DATE.

FOR hIE

A. SIGNIFICANT ACCOUNTING POLICIES

I) BASIS OF ACCOUNTING

a) The Financial Statements have been prepared under historical cost convention in accordance witl the generalty

accepted accounting principles (GAAP) in India and comply with the Accounting standards prescribed in the

Companies (Accounting Standards) Rules, 2006 which continue to apply under Section 133 ofthe Compjes

Act, 2013 ('the Act') read with Rule 7 ofthe Companies (Accounts) Rules. 2014.

b) The Company follows mercantile system of accounting and recognizes income and expenses on accrual basis

unless otherwise stated.

e) Accounting Policies followed by the compally not specifically referred to otherwise are consistent vitli generally

accepted accounting policies

2) INVENTORIES

Inventories are valued at cost or market value whichever is lower. The company does not carry' any inventory during

the year.

3) TAXES ON INCOME

Provision for Current Tax (MAT) is estimated on the basis oftax payable in accordance with the Income Tax Act, I 96 I.

The current tax (MAT) for the year is eligible to be carry forward and get set off in succeeding IO year or earlier. No

provision for income tax is made on account of loss.

4) CASH FLOW STATEMENT

Cash flows are reported using the indirect method, whereby profit before tax ¡s adjusted for the effects of transactions

ofa non-cash nature, any deferrals or accruals ofpast or future operating cash receipts or payments and item of income

or expenses associated with investing or financing flows. The cash flows from operating, investing and financing

activities ofthe Company are segregated.

5) REVENUE RECOGNITION

All income to the extent considered receivable, unless otherwise stated, are accounted for on accrual basis. Revenue

is recognized to the extent that it is probable that the economic benefits will flow to the çQinany and the revenue can

be reliably measure,

rE A c 37

t\%;45) I



A'J1 SERVICES CII). &G11t CoIWOK

(J at thc timc ofsaic of sharc. i5C

Sales 8

DIVjd" accounted for wIic tic right to rccciv it i cstahuisllc(I. During the ycar company lias rccogniscd & o Dcrivativc activity

losS ° F

TO ACCOUNT

a) DEFERIED TAX

Defcrred tax is recognized on tinng difference betvccn hic taxable income and accnunting flCOflC that origiflatc in onc period and arc capable ofreversal in one or niorc SUbSC(1Ucflt periods. b) The CoflPaIY has a process whereby periodically all long terni contracts are assessed for material foresceahic losscs. At the year end, the Company has reviewed and enstired that adequate provision as required under any law/accounting standards for material foreseeable losses On such long term contracts has been madc in the books of account. The company didn't have any derivative contract as at Balance Sheet date. c) IMPAIRMENT OF ASSETS

An asset is treated as impaired when the carrying cost of asset exceeds its recoverable value. An impairment loss is charged for when the asset is identified as impaired. The impairment loss recognised in prior accounting period is reversed if there has been a change in the estimate of recoverable amount. d) INVESTMENTS

Current Investments are stated at lower ofcost and fair value. Long term investmentS are stated at cost after deducting provisions made, if any, for other than temporary diminution in the value. Profit or loss on sale of Investments is computed with reference to average cost of the Investments. e) FOREIGN CURRENCY

The company does not have foreign currency transaction during the year. f) RETIREMENT & EMPLOYEES BENEFIT

The company does not have any employees during the year. g) LEASE

The company does not have any lease contracts during the year.

h) BORROWING COST

Borrowing costs attributable to the acquisition and construction ofqualifying assets as defined in "Accounting Standard 16 on Borrowing Costs" are capitalised as a part ofthe cost ofihe respective assets up to up to the date when such asset is ready for intended use. Other borrowing costs are expensed as incurred.

C. OTHER MATTERS:

I) No provision has been made in respect of income tax liability of3,6O,47,377I- determined on account of Block assessment up to 18th June, 1998 pursuant to search operation carried out by the Income Tax Authorities as the saine has been disputed by the company before the higher authorities.

The Income Tax authorities conducted search and seizure operations at the premises ofthe Company on 18th June 1998 and the Management confirmed that certain documents were furnished to the Income Tax Department. We \vere further informed that certain person without Management's knowledge and proper authority opened and operated upon certain Bank Accounts in the name of the company under forged signatures and unauthorised resolutions to cover up certain unauthorised and illegal business transactions through false and forged invoices. The company has taken further action by filing complaints with the concerned Authorities. Pending complaint ofenquiries and investigation, the extent ofimpact on the Company ofthe aforesaid fraudulent transactions could not be ascertained in absolute terms. The Books ofaccount, records and other relevant documents/papers pertaining to the aforesaid transactions routed through the said unauthorised bank accounts have not been produced to us and hence not examined by us. However the Income Tax authorities have completed the Block Assessment up to the period of search and ascertained the liabilities to the extent of

. , 3,83,93,572/- which has been disputed by the company before the higher authorities and the same has not been provided in the accounts.

2) Long Term Trade receivables include 48,6O,326/- due for recovery for a period ofmore than thirty six months and above and have become time barred under Limitations Act, 1963 for recovery thereof. No action, legal or otherwise, has been initiated by the Management. However, in the opinion ofthe Board all the debtors are good for recovery.

3) The Company did not appoint Internal Auditor and not conducted internal audit-during the year as required pursuant to provision ofSection 138 ofthe CompaniesAct, 2013. ,..'

c"1X 38 ç... .

(?(( C . .

,.i" ..

t.:; 1:t.444k)*J \

.

V¼,.jU j



I

SANGJII CORPORATE SER VIcJ

4) The Company did not have a full time Company Sccreta'Y during the year as required pursuant to the PTOVisio

203 oftjie ConipaniesAct 2013.

5) CONTINGENT LIABrLITIES:

Provisions are recognized for liabilities that can be measured only' by using substantial degree of estimation.

are reviewed at cadi balance sheet date and adjusted to reflect the current management estimates. Contingent i

disclosed in case ola possible obligation where the probability ofoutfiOW ofresources is not remote. There is no iabj

fiabili during the current year as veIi as previoUS year.

contint

6) During the year under review the CompanY has carried out business transaCtiotl ¡n shares and F & o derivati

only. and hence there is no separate business segment reporting perAcCOUfltmn Standard 17 issued by the

1Ve tradj

Chartered Account oflndia.

flStitute

7) EARNINGS PER SHARE:

Particulars

Net Protitl(Loss) attributable to equity sliarcholder(A)

Weighted Average Number ofEquity Shares (B)

Nominal Value ofShare

Earnings per Share-Basic & Diluted (A/B)

S) RELATED PARTIES DISCLOSURE

(A) 1. Otherrelated parties where control exists: NIL

ISt 31st March, 2018

(I,547 (13,25,105)

/ 30,00,000

2. Key management personnel and their relatives:

Shri A.K Sangh i-Director

SmI. Poonam Sanghi-Director

Suri M. K. Saboo-Independent Director

Sliri K. Udaykumar- Independent Director

The disclosures pertaining to related parties and transactions therewith are set out in table below:

( I ) No amounts in respect ofrelated party have been written off! written back during the year, nor any provision have

been made for the doubtfijl debts I receivables.

(2) Related party relationship have been identif,' by the management

(B) Transactions carried out with related parties referred above:

Sr. Name ofrelated Parties Nature of Nature of Balance as on

No. relationship with transaction with 31.03.2018 during the year I

the company related party J

1. Asliok Kumar Sanghi Director Loan to Company l,59,65,00Q/ 1,59 65 000/.

2. Poonam Sanghi Director Loan to Company '49,27,500/ S6,67,5oo/.

C. Disclosures As Required Under Clause 32 ofthe Listing Agreements:

Since the company does not have any employees, no information is provided.

9) Quantitative information with regards to trading activities:-

(Value in Lacs)

Opening Stock Purchase Sales Closing Stock

Particular Qty Value Qty Value Qty Value Qty Value

Shares (C.Y.) Nil Nil Nil Nil Nil Nil Nil Nil

Shares(P.Y.) Nil Nil 341 ¡20,557 341 120,996 Nil Nil

I O) Previous year's figures have been rearranged! regrouped wherever necessary.

I I) In the opinion of the Board of Directors, assets other than fixed assets and non- current investments have a value on

realization in the ordinary course ofbusiness at least equal to the amount at which they are stated in the financial statements

and that the provision for all know s are adequate and are not in excess ofthe amounts considered reasonably necessary. pGR4 ¡p, I rt,

r- 'r ' II.

,rCA \g :'

( 44372 )' j4

ss_ __.s}



I

MllI CORIORTE SERVICES LTD.

i ) Based on the information I documents available with the company. sundry creditors includes total outstanding due to Micro

& Small Enterprises of which:

a. Amounts overdue on accounts of principal and/or Interest: NIL

b. Name of the parties to whom the company owe any sum outstanding for more than 30 days but not overdue: NIL

¡s per our report ofEven Date

For Vjv,l R. Agarwal & Co.

Charte e ,\ccountant

V'(6 if_;- (2CLA Ç-L (Vivek . val) (A. K. Sanghl) (P. Sanghi)

(Proprietor) pR4 ¡l4 (Director) (Director) l.No.044372 DIN: 00002587 DIN: 00013115

FRN: 129058W C- A.

44372 Place: Mumbal ) 4 Date: 28/07/2018

"4.. r.

.- -

-1

An r .

\Q )'Q Sao

(Director) DIN: 00014598



SANGIEL CORPORATE SER VJCIS

FORM NO. MGT-11

Proxy form

[Pursuant to Section 105(6) ofthe Companies Act. 2013 and RuIc 19(3) of the Companies

(Management and Administration) Rulcs.20 I 4J

CIN: L67IQOMH 19S9PLC054086 Name of the Company: Sanghi Corporate Scrviccs Limitcd Register office: Bal Moral Apartment, Plot No.12, Amritvan. Yashodham. Opp. Dindoshi Depot.

Goreaon LE), Mumbai - 400 063.

Name of the member(s):

Registered address:

E-mail Id:

Folio No Client Id: DP ID:

I We. being the member(s) of

I. Name ..................... Address:

E-mail Id:

Signature:

2. Name: .................... Address:

E-mail Id:

Signature:

3. NameS .................... Address:

E-mail Id:

shares of the above named Company, hereby appoint:

or failing him

or failing him

Signature:

as my/our proxy to attend and vote (on a poll) for me/us and on my behalf at the 28th Annual general meeting of the

Company, to be held on the 22nd day of September. 201g at 4:00 p.m. at G-30. Shagun Arcade Premises Coop Soc.

Ltd.. Gen A.K. Vaidya Marg. Dindoshi. Malad (E). Mumbai 400 097 and at any adjournment thereof in respect of such

resolutions as are indicated below:

Resolution No.:

3 ........................................

Affix

Signed this ...................... day of ........................ 2018

Signature of the shareholder(s) Signature of Proxy holder(s)

Note: This form ofproxy in order to be effective should be duly completed and deposited at (lie Registered Office of the

Compan} not less than 48 hours before the commencement ofthe Meeting.

41



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