".1 SSPDL .1111' Limited Building the Bigpicture
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".1 SSPDL .1111' Limited Building the bigpicture Date: 29.09.2018 To, The SSELimited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001. Dear Sir/Madam, Sub.: Submission of Annual Report of the Company for the financial "year 2017-18. Ref.: Scrip Code 530821. In pursuance of provisions of Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are herewith submitting the Annual Report of the Company for the financial year 2017-18 which is approved and adopted in the 24th Annual General Meeting of the Company held on 29.09.2018. This is for your kind information and record please. Thanking you. Yours faithfully, For SSPDLLIMITED A.SHAILENDRASASU COMPANYSECRETARY Encl.: As said above. SSPDL Limited CIN L70100TG1994PLC018540 (Formerly Srinivasa Shipping & Property Development Lrd.) CORPORATE OFFICE: "SSPDL House" # 2,Vellaiyan Street, Kotturpuram, Chennai-600 085, Tel: 044 - 4344 2424 Fax: 044-24472602 REGD. OFFICE: H,No$-2-595/3/6, Eden Gardens, Road No,10, Banjara Hills, Hyderabad-SOO034Telangana, Tel: 04Wi6637560,23351484 Fax: 040-66637%9 Email: info@sspdLcom Web: www.sspdLcom Godrej SSPDL AZURE Residential Project at Kalipathur, OMR, Chennai ANNUAL REPORT 2017-18 Regd. Office: 8-2-595/3/6, Eden Gardens, Road No. 10, Banjara Hills, Hyderabad - 500 034, Telangana. Tel : +91 040-6663 7560, 2335 1484, Fax : 040-6663 7969. CIN: L70100TG1994PLC018540 www.sspdl.com Our Villa Project for BHEL Employees Our Villa Project for BHEL Employees at Kollur/Osman Nagar, Hyderabad at Kollur/Osman Nagar, Hyderabad 24TH ANNUAL REPORT 2017-2018 SSPDL LIMITED SSPDL LIMITED CORPORATE IDENTITY NUMBER (CIN): L70100TG1994PLC018540 BOARD OF DIRECTORS Sri PRAKASH CHALLA Chairman and Managing Director Sri E.BHASKAR RAO Director Sri K.AKMALUDDIN SHERIFF Director Sri B.LOKANATH Director Smt. SRIDEVI CHALLA Director Dr. T.KRISHNA REDDY Director AUDIT COMMITTEE Sri B.LOKANATH Chairman Sri E.BHASKAR RAO Member Dr. T.KRISHNA REDDY Member Sri K.AKMALUDDIN SHERIFF Member STAKEHOLDERS RELATIONSHIP COMMITTEE Sri B.LOKANATH Chairman Sri E.BHASKAR RAO Member Sri PRAKASH CHALLA Member NOMINATION AND REMUNERATION COMMITTEE Sri B.LOKANATH Chairman Sri K.AKMALUDDIN SHERIFF Member Sri E.BHASKAR RAO Member CORPORATE SOCIAL RESPONSIBILITY COMMITTEE Sri PRAKASH CHALLA Chairman Sri E.BHASKAR RAO Member Sri B.LOKANATH Member CHIEF FINANCIAL OFFICER Sri U.S.S. RAMANJANEYULU N. COMPANY SECRETARY Sri A.SHAILENDRA BABU AUDITORS M/S. A. MADHUSUDANA & CO., CHARTERED ACCOUNTANTS, 101, DOYEN CHAMBERS, 8-3-319/11, YELLAREDDYGUDA, HYDERABAD - 500 073. BANKERS STATE BANK OF INDIA - HYDERABAD & CHENNAI & AXIS BANK LIMITED - HYDERABAD & CHENNAI REGISTERED OFFICE 8-2-595/3/6, ’EDEN GARDENS’, ROAD NO.10, BANJARA HILLS, HYDERABAD - 500 034, TELANGANA. CORPORATE OFFICE ’SSPDL HOUSE’, NEW NO. #2, OLD NO. 15, VELLAIYAN STREET, KOTTURPURAM, CHENNAI - 600 085, TAMIL NADU. SHARE TRANSFER AGENTS KARVY COMPUTERSHARE PRIVATE LIMITED AND ELECTRONIC REGISTRARS KARVY SELENIUM TOWER B, PLOT 31-32, GACHIBOWLI, FINANCIAL DISTRICT, NANAKRAMGUDA, HYDERABAD-500 032. CONTENTS Notice ___________________________________________________________________ 2 - 7 Directors’ Report __________________________________________________________ 8 - 31 Management Discussion & Analysis __________________________________________ 32 - 33 Report on Corporate Governance ____________________________________________ 34 - 49 Independent Auditors Report ________________________________________________ 50 - 53 Balance Sheet ____________________________________________________________ 54 - 54 Statement of Profit and Loss _________________________________________________ 55 - 55 Cash Flow Statement ______________________________________________________ 56 - 57 Statement Of Changes In Equity _____________________________________________ 58 - 58 First-time adoption of Ind AS _______________________________________________ 66 - 74 Notes to the Financial Statements ____________________________________________ 75 - 90 Consolidated Financial Statements ___________________________________________ 92 - 136 The Financial Statement of Subsidiaries/Associate Companies/Joint Ventures ________ 137 - 137 Additional Information _____________________________________________________ 138 - 138 1 24TH ANNUAL REPORT 2017-2018 SSPDL LIMITED NOTICE NOTICE IS HEREBY GIVEN THAT THE TWENTY FOURTH any statutory modifications or re-enactment there of for the time ANNUAL GENERAL MEETING OF THE MEMBERS OF being in force) and subject to all applicable approvals, permissions THE COMPANY WILL BE HELD AT QUTUB SHAHI HALL, and sanctions and subject to such conditions as may be prescribed COUNTRY CLUB, 6-3-1219, BEGUMPET, HYDERABAD – 500 by any of the concerned authorities while granting such approvals, 016, TELANGANA, AT 12.00 P.M. ON SATURDAY, THE 29TH permissions, sanctions which may be agreed to by the Board, DAY OF SEPTEMBER, 2018, TO TRANSACT THE FOLLOWING approval of the members be and is hereby accorded to permit Non- BUSINESS: resident Indians(“NRIs”) and an Overseas Citizens of India (“OCIs”), to acquire and hold on their own account such number of equity ORDINARY BUSINESS: shares aggregating up to 24% of the total paid-up equity capital for the time being, on a fully diluted basis or up to 24% of the paid-up Item No. 1 - Adoption of Financial Statements value of each series of debentures or preference shares or share To receive, consider and adopt (a) the Audited Financial Statements warrants, for the time being issued by the Company, subject to such of the Company for the financial year ended March 31, 2018, laws,rules and regulations as applicable from time to time. Provided, together with the Reports of the Board of Directors and the Auditors however, that the total holding by any individual NRI or OCI shall thereon; and (b) the Audited Consolidated Financial Statements of not exceed such limits as are applicable or may be prescribed, from the Company for the financial year ended March 31, 2018, together time to time, under applicable Acts, Laws, Rules and Regulations with the Report of the Auditors thereon. (including any statutory modifications or reenactment there of for the time being in force).” Item No. 2 - Appointment of Director “FURTHER RESOLVED THAT for the purpose of giving effect to To appoint a Director in place of Sri E.Bhaskar Rao (DIN: 00003608), above resolution, the Board of Directors and/or any Committee of who retires by rotation and, being eligible, offers himself for the Board of Directors of the Company be and are hereby authorised reappointment. to do all such acts, deeds and things as are incidental there to or as SPECIAL BUSINESS: may be deemed necessary or desirable and settle any question or difficulty that may arise, in such manner as it may deem fit.” Item No. 3 - To ratify the remuneration of the Cost Auditors for the financial year ending 31st March, 2019 To consider and if thought fit, to pass with or without modification(s), By Order of the Board the following resolution as an Ordinary Resolution: For SSPDL Limited “RESOLVED THAT pursuant to the provisions of Section 148 and all other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) and the rules made thereunder (including any statutory Date: 14.08.2018 A. Shailendra Babu modification(s) or re-enactment thereof for the time being in force), Company Secretary M/s. D R S & Co., Cost Accountants (Membership No. 19892), Hyderabad, appointed as Cost Auditors by the Board of Directors SSPDL Limited of the Company, to conduct the audit of the cost records of the Registered Office: Company for the financial year 2018-19, be paid a remuneration 8-2-595/3/6, Eden Gardens, of ` 75,000/- (Rupees Seventy Five Thousand Only) plus applicable Road No.10, Banjara Hills, taxes and reimbursement of out of pocket expenses incurred in Hyderabad - 500 034, Telangana, India. connection with the cost audit.” Corporate Identity Number (CIN): L70100TG1994PLC018540 “FURTHER RESOLVED THAT the Board of Directors of the Phone: 040-6663 7560, Fax: 040-6663 7969. Company be and is hereby authorized to do all such acts, deeds Website: www.sspdl.com and things and take all steps as may be necessary or expedient to give effect to this resolution.” Item No. 4 - Increase in the aggregate limit of investment by Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) in Equity Share Capital of the Company, etc. To consider and if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution: “RESOLVED THAT pursuant to applicable provisions of Foreign Exchange Management Act, 1999, the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017, read with the Master Directions on Foreign Investment dated January 4, 2018 issued by Reserve Bank of India, the Consolidated FDI Policy, as subsequently amended, the Companies Act, 2013 and the rules made there under and all other applicable rules, and regulations, guidelines and laws (including 2 24TH ANNUAL REPORT 2017-2018 SSPDL LIMITED e-mail: [email protected] NOTES: holding shares in electronic form are, therefore, requested to 1 A MEMBER ENTITLED TO ATTEND AND VOTE AT THE submit the PAN to their Depository Participants with whom MEETING IS ENTITLED TO APPOINT A PROXY TO they are maintaining their demat accounts. Members holding ATTEND AND VOTE INSTEAD OF HIMSELF/HERSELF. shares in physical form can submit their PAN details to the THE PROXY, SO