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Jaigarh Port Jaigarh Port Contents Management Reports Financial Statements 4 Notice 30 Independent Auditors’ Report 8 Director's Report 38 Standalone Balance Sheet 39 Standalone Statement of Profit and Loss 40 Standalone Statement of Changes in Equity 41 Standalone Statement of Cash Flow 43 Notes Forward-looking statement In this Annual Report, we have disclosed forward looking information to enable the investors to comprehend our prospects and take informed investment decisions. This report and other statements – written and oral – that we periodically make, contain forward‑looking statements that set out anticipated results based on the management’s plans and assumptions. We have tried wherever possible to identify such statements by using words such as ‘anticipates’, ‘estimates’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’ and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward‑looking statements will be realised, although we believe, we have been prudent in our assumptions. The achievement of results is subject to risks, uncertainties and inaccurate assumptions. Should known or unknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, our actual results could vary materially from those anticipated, estimated or projected. Readers should bear this in mind. We undertake no obligation to publicly update any forward‑looking statements, whether as a result of new information, future events or otherwise. FY20 Performance highlights Standalone J 70,815.62 LAKHS J 60,013.24 LAKHS GROSS TURNOVER NET TURNOVER J 33,302.31 LAKHS J2,894.92 LAKHS EBITDA PBT J21,881.86 LAKHS J2,051.53 LAKHS CASH PROFIT PAT CORPORATE INFORMATION Board of Directors MR. NIRMAL KUMAR JAIN Non-Executive Director MR. ARUN MAHESHWARI (w.e.f April 18, 2019) Joint Managing Director MR. K N PATEL Non-Executive Director MR. K C JENA Independent Non-Executive Director MS. AMEETA CHATTERJEE Independent Non- Executive Director Chief Financial Officer MR. RAJU KUMAR DOKANIA Company Secretary MR. MIRAJ SHAH Statutory Auditors M/s. H P V S & Associates Chartered Accountants Bankers Axis Bank Limited Punjab National Bank EXIM Bank South Indian Bank Limited Yes Bank Limited Bank of India ICICI Bank Bank of Bahrain Registered Office JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 Tel: +91 22 4286 1000 Fax : +91 22 4286 3000 E-mail: [email protected] www.jsw.in CIN: U45205MH2007PLC166784 Registrar & Share Transfer Agent Karvy Fintech Private Limited Karvy Selenium, Tower – B, Plot No. 31& 32, Gachibowli Financial District, Nanakramguda, Serilingampally Mandal, Hyderabad – 500 032 Tel: +91 40-6716 1500 Fax: +91 40-23001153 Works Kumbiwadi Village, Dhamankul Bay, Jaigarh, Ratnagiri District, Maharashtra Tel: 02357-242551 Fax: 02357-242556 MANAGEMENT REPORTS NOTICE Notice is hereby given that the Fourteenth Annual Special Business General Meeting of the Shareholders of JSW Jaigarh 3. To consider and, if thought fit, to pass, with or Port Limited will be held on 5th August, 2020, without modification(s), the following resolution Wednesday at 10.30 a.m. at JSW Centre, Bandra as a Special Resolution: Kurla Complex, Bandra (East), Mumbai - 400 051 to “RESOLVED THAT pursuant to the provisions of transact the following businesses: Sections 149, 152 and other applicable provisions, Ordinary Business if any, of the Act and the Rules read with Schedule IV to the Companies Act, 2013 and the Companies 1. To receive, consider and adopt the Audited (Appointment and Qualification of Directors) Rules, Balance Sheet as at 31st March, 2020 and 2014 (including any statutory modification(s) or Statement of Profit and Loss for the year ended re-enactment thereof for the time being in force) on that date and the reports of the Board of Ms. Ameeta Chatterjee (DIN: 03010772), who has Directors and Auditors thereon. submitted a declaration that she meets the criteria of 2. To appoint the Director in place of Mr. N K Jain independence under Section 149(6) of the Companies (DIN: 00019442), who retires by rotation and Act, 2013, be and is hereby re-appointed as an being eligible, offers himself for re-appointment. Independent Director of the Company, not liable to retire by rotation, to hold office for a second term of five years with effect from 31st August, 2020 upto 30th August, 2025.” Registered Office: JSW Centre By order of the Board of Directors Bandra Kurla Complex, Bandra (East) For JSW Jaigarh Port Limited Mumbai - 400 051 CIN: U45205MH2007PLC166784 Sd/- Miraj Shah Place: Mumbai Company Secretary Date: 13th July, 2020 (M No: 41912) NOTES: 1. The Clause 1.2.5 of Secretarial Standard on 4. Copies of Annual Report will not be distributed General Meeting (SS-2) issued by the Institute of at the Annual General Meeting. Shareholders are Company Secretaries of India, in respect of the requested to bring their copies to the meeting. person(s) seeking appointment/re- appointment 5. Corporate members are requested to send a as Director at the Annual General Meeting, is duly certified copy of the resolution authorizing annexed hereto. their representatives to attend and vote 2. A SHAREHOLDER ENTITLED TO ATTEND AND VOTE at the meeting. AT THE MEETING IS ENTITLED TO APPOINT A PROXY 6. In case of joint holders attending the meeting, TO ATTEND AND, ON A POLL, VOTE INSTEAD OF only such joint holder who is higher in the order HIMSELF/HERSELF AND SUCH PROXY NEED NOT BE of names will be entitled to vote. A SHAREHOLDER OF THE COMPANY. 7. Members who hold Shares in physical form 3. Shareholders / Proxies should bring their are requested to write their Folio number in attendance slip duly filled in for attending the the attendance slip for attending the meeting meeting. to facilitate identification of membership at the meeting. 4 MANAGEMENT REPORTS Management Reports 8. The instrument(s) appointing the Proxy, if any, 10. All documents referred to in the accompanying shall be deposited at the Registered Office Notice and Explanatory Statement are open of the Company not less than forty eight (48) for inspection at the Registered Office of the hours before the commencement of the Meeting Company on all working days if the Company, and in default, the instrument of Proxy shall be during office hours, upto the date of the Annual treated as invalid. Proxies shall not have any General Meeting. right to speak at the Meeting. Proxies submitted 11. Members desirous of having any information on behalf of limited companies, societies, regarding Accounts of the Company are partnership firms, etc. must be supported by requested to address their queries to the CFO– appropriate resolution/authority, as applicable, Accounts at the Company’s Registered Office be issued by the Shareholder organization. at JSW Centre, Bandra Kurla Complex, Bandra 9. Shareholders are requested to intimate the (East), Mumbai 400051 or e-mail the queries to Company at its registered office, immediately [email protected] with “Query on Accounts” in of any change in their mailing address or email the subject line, atleast 7 days before the date address in respect of equity shares held. of the meeting, so that requisite information is made available at the meeting. EXPLANATORY STATEMENT IN RESPECT OF THE Based on the recommendation of the Nomination & SPECIAL BUSINESS PURSUANT TO SECTION 102(1) Remuneration Committee (NRC) and the outcome of the OF THE COMPANIES ACT, 2013 performance evaluation carried out by the NRC and the ITEM NO. 3 Board on relevant parameters, the Board of Directors Ms. Ameeta Chatterjee (DIN: 03010772) was appointed at its meeting held on 29th May, 2020, re-appointed as an Independent Director of the Company for a term Ms. Chatterjee as an Independent Director of the of five years from 31st August, 2015. Company, not liable to retire by rotation, to hold office for a second term of five years with effect from 31st Section 149(10) of the Act, provides that an August, 2020 upto 30th August, 2025 subject to the independent director shall hold office for a term of approval of the members of the Company. upto five consecutive years on the Board and shall be eligible for re-appointment on passing of a special As required under Clause 1.2.5 of the Secretarial resolution by the Company and disclosure of such Standard -2, Ms. Ameeta Chatterjee brief resume and appointment in its Board’s report. Section 149(11) other requisite information is annexed to and forms a further provides that an independent director may part of notice. hold office for upto two consecutive terms. The Company has received a notice in writing under Ms. Ameeta Chatterjee graduated in Bachelors in the provision of Section 160 of the Act, from the Commerce from Lady Sriram College for Women, Delhi member proposing the candidature of Ms. Ameeta University and is a management graduate from Indian Chatterjee for the office of Director, to be appointed Institute of Management, Bangalore. She has over as such under the provision of Section 149 of the more than 20 years of corporate finance experience Companies Act, 2013. in developing, managing and executing infrastructure In view of her rich, varied & vast experience and projects across sectors in India and UK. She also has distinguished career, the re-appointment of a vast experience in the areas of project appraisal, Ms. Ameeta Chatterjee as an Independent Director credit evaluation and debt financing of infrastructure would be in the best interest of the Company. projects, mergers & acquisition, finance, tax and secretarial matters. JSW JAIGARH PORT LIMITED | ANNUAL REPORT 2019-20 5 MANAGEMENT REPORTS NOTICE (CONTD.) Except Ms. Ameeta Chatterjee, being an appointee, Your Directors recommend the resolution as at item none of the Director and Key Managerial Personnel no. 3 for your approval. of the Company and their relatives are concerned or interested, financially or otherwise in the resolution set out at Item no.
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