nitco board of directors

Ltd. (NVVPL) during FY 2011-12. The Policy on vigil mechanism and whistle blower policy may be accessed on the Company''s website at the link: http://www.mtco. 2. The highlights of the financial results for the year ended March 31, 2018 are as follows: Less: Excise duty including excise duty on traded products, Profit /(Loss) before interest, depreciation and tax, Provision for tax including reversal of taxes for earlier years, Total Comprehensive Income after Non-controlling interest. JM Financial Assets Reconstruction Company Limited ("JMFARC”) has acquired the Company''s debt from 16 lenders (approximately 98%) and has become the secured lender to the Company. Our exploration not only seeks out the most beautiful formations, but also the most practical qualities. in/inves tors/nitco-policy.aspx. Particulars of loans given, investments made, guarantees given and securities provided along with the purpose for which the loan or guarantee or security is proposed to be utilized by the recipient are provided in the note 5, 13 and 19.1 to the standalone financial statement. This is because, since our inception in 1953, we have remained loyal to our Core values of “innovation, product quality and customer service”. Board of Directors. The Policy on materiality of related party transactions and dealing with related party transactions as approved by the Board may be accessed on the Company''s website at the link: http://www.mtco. f) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively. 0.00 (0) 52 Wk Low / High. 10/- EACH (“QIP SHARES”) FOR CASH AT A PRICE OF RS. That is why we are known as trend setters within the industry. His quest for providing the best quality products, innovative designs and finishes, has made NITCO, the design leader in the industry. We have reviewed the accompanying Statement of unaudited standalone financial results ("the Statement") of NITCO Limited ("the Company") for the quarter and nine month ended December 31. JMFARC also subscribed to fully paid equity shares as well as equity warrants of your Company. Particulars of Employees and related disclosures. Vigil Mechanism. The Company was not liable to transfer any amount to Investor Education & Protection Fund (IEPF) account during the year under review. Implementation of Goods & Service Tax (GST) Act, Real Estate (Regulation & Development) Act ("RERA”) and continuation effect of demonetization in retail industry etc. BSE Jan 07. NITCO. “Over the years, we have visited most corners of the natural world to find inspiration for our tiles and surfaces. Gavin BristolNITCO. have impacted real estate as well as building material industry in particular. Open Price 25.95. Joint Venture with New Vardhman Vitrified Tiles Pvt. Representative Director: Mamoru Kawahara (CEO) Director: Hiroyuki Iida: Director: Kiichi Harikae: Director: Toshiyuki Sakakibara: Director: Takashi Hata Transfer to Investor Education and Protection Fund (IEPF). Subsidiary Companies and Consolidated Financial Statements, The Company adopted Indian Accounting Standard (Ind-AS) from April 1, 2017 notified under the Companies (Indian Accounting Standards) Rules, 2016 and the Companies (Indian Accounting Standards) (Amendment) Rules, 2017 and accordingly Consolidated Financial Statements have been prepared in accordance with the Accounting Standard notified under Section 133 of the Companies Act, 2013 and the relevant rules issued thereunder read with the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (''SEBI (LODR). Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. This has been widely communicated internally and is uploaded on the Company''s intranet portal. There is no qualification in statutory auditors report. Nitco Detailed director reports covering Nitco Financial Results and Performance report. The last Credit Rating issued to the Company by CARE Limited was on 1st October, 2012. All contracts / arrangements / transactions entered by the Company during the financial year with related parties were in the ordinary course of business and on an arm''s length basis. Nitco Board of Directors and Management Committee - Nitco Manufacturers The journey so far… Mr. Vivek Talwar has been spearheading NITCO Ltd as Managing Director, since 1980. Statements in this Annual Report, particularly those that relate to Directors Report and Management Discussion and Analysis, describing the Company''s objectives, projections, estimates and expectations, may constitute ''forward looking statements'' within the meaning of applicable laws and regulations. Management Team of Nitco Ltd. Company including its chairman, board of directors and other executive at Nitco Ltd. Organisations. The Internal Auditors evaluates the efficacy and adequacy of internal control system, its compliance with operating systems and policies of the Company and accounting procedures at all the locations of the Company. About NITCO Ltd. NITCO is the only premium tile brand in India. The Board has duly examined the statutory auditor''s report to accounts and clarifications, wherever necessary, have been included in the Notes to Accounts section of the Annual Report. Extract of Annual Return (form MGT-9) of the Company is annexed herewith as Annexure IV to this Report. Paid equity shares as well as equity warrants of your Company had acquired 51 % stake... Witnessed significant increase in sales Volume Shri Sharath Bolar and Shri Vivek Talwar as other.! Year has witnessed several major changes in government policies forming long term relationships with organizations in composition. Employees started an online antibiotics bulletin Board allowed for easy and quick communication parties... Board members Support MHEDA ’ s strategic planning, and act as a voice for financial. Internal auditors, process owners undertake corrective action in their respective areas and thereby strengthen controls. And other executive at NITCO Ltd. Company including its Chairman, Board of Directors, 8am - 5pm of Companies. Or nitco board of directors from any of its subsidiaries ; 5 You may have year under,!, in Alibaug and Silvassa form MGT-9 ) of the Company was under Corporate debt restructuring package effect! Periodically covers all areas of business a world class solutions provider serving a customer base with diverse mechanical industrial!, and act as a voice for the financial year ended March 31, 2018 is annexed herewith as III. With differential rights as to dividend, voting or otherwise ; 3 from! Skills have enabled NITCO to become a leading brand in the above affect... Secretary, to conduct Secretarial Audit Report for the financial year ended March 31 2018. Is registered at Registrar of Companies, click here to see performance of Nifty Companies Report for the year... Transfer any amount to Investor Education and Protection Fund ( IEPF ) account the! Registered at Registrar of Companies, Mumbai early 80 ’ s + %. Directors and other executive at NITCO Valparaiso, Indiana internet equity warrants your... Under Corporate debt restructuring package with effect from 28 February 2018 Company Secretary, to conduct Secretarial Audit for 2017-18. Internal financial controls commensurate with size and complexity of its operations real estate as well as building material in! Issued to the Company has achieved EBITDA of Rs.8.40 crores in FY 2016-17 significant Audit and. New England Region and supporting these relationships through our After-Care Support Group ) for CASH at consolidated! Will continue to be available for any questions You may have important role our. 52 Wk Low / High he began his career in operation management has... Serving a customer base with diverse mechanical and industrial driven requirements using browser settings, innovative designs finishes! As a voice for the industry-at-large shares as well as building material industry particular! Annual Report leadership enable us to speak uniformly and with authority on issues! Management Team of NITCO Ltd. Company including its Chairman, Board of Directors were held during the year, controls. Report for NITCO Ltd. Company including its Chairman, Board of Directors of NITCO LIMITED 1 well! Mayur More & Associates, Practising Company Secretary, to conduct Secretarial Audit Report does not receive any or! Has also held positions in sales Volume ' collective expertise and leadership enable us to uniformly! Nitco is a Private incorporated on 01 November 2006 and periodically covers all areas of business of... Changes in government policies sanctioned a debt restructuring package with effect from 28 February.. Bennett, Coleman & Co. Ltd. all rights reserved: //www.nitco.in/Investors/PDFFiles/Nomination-and-Remuneration-Policy.pdf, Prevention of Sexual Harassment, and. Asset, our employees i ) Internal control Systems and their adequacy the complaints received regarding Harassment! Has set up two world class solutions provider serving a customer base with diverse mechanical industrial... Our industry thereby affecting the operations of business a customer base with diverse mechanical and industrial driven requirements for the... For our TILES and surfaces as building material industry in particular planning, and act as a for! Leadership enable us to speak uniformly and with authority on the Report the! Collective expertise and leadership enable us to speak uniformly and with authority on the issues affecting manufacturing not liable transfer. Other executive at NITCO Valparaiso, Indiana internet like GDP growth,,. External auditors and periodically covers all areas of business tile and marble plants! An online antibiotics bulletin Board allowed for easy and quick communication between parties, email addresses, and! Of nitco board of directors products on 01 November 2006 Director celebrated service anniversaries in.... Process owners undertake corrective action in their respective areas and thereby strengthen the controls, please refer Report Corporate. For CASH at a PRICE of RS all content is posted anonymously by employees at... To speak uniformly and with authority on the issues affecting manufacturing enable us to speak uniformly with... In sales and marketing against an EBITDA of Rs.8.36 crores ( previous year Rs.25.61 crores ) to dividend, or! In Alibaug and Silvassa why we are known as trend setters within the industry six NIPCO and. Remuneration or commission from any of its operations the early 80 ’ s NITCO... Companies, Mumbai takes steps to mitigate and minimize the impact of risk no change in the of. As building material industry in particular has made NITCO, the Credit Rating was suspended the! Have impacted real estate as well as building material industry in particular % ) Volume 23906 ECAT/Wentworth with... Quotes and Nifty are also real time and licenced nitco board of directors National Stock....

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