CORPORATE GOVERNANCE PHILOSOPHY
The Company firmly believes in and has proactively adopted the best policies of corporate governance to ensure transparency, professionalism and accountability in its dealing with shareholders, customers, creditors,

employees and every person who enters into contact with the Company.

The Company believes in monitoring its performance regularly and with utmost transparency so as to enable the optimum utilization of its resources.

The Company has a professional Board, which provides strong oversight and strategic counsel to the operational management. Abhinav has established systems and procedures to ensure that it remains fully complied with all mandated regulations and achieve business excellence to enhance stakeholder value.

Board of Directors

The Company has a Non-executive Chairman and Number of Non Executive Directors is more than 50% of the Total Number of Directors

None of the Directors on the Board of Directors on the Board is a member of more than 10 committees or chairman of more than 5 committees as specified in clause 49 of the Listing Agreement. Necessary disclosures regarding Committee positions have been made by the Directors

The strength of the Board of Director is Three Directors. The Board Comprised of non executive Chairman, & Two other non-executive/ independent Directors.

Name of the Director
Executive / Non Executive / Independent
No. Of Outsider Directorship
No. Of outside Committee position held
Public
Private
Member
Chairman
Mr. Girish Desai
Independent /Non Executive
1
-
-
-
Mr. Kamlesh Kotak
Independent Director
-
-
-
-
Mr. Chetan Karia
Non-exclusive/ Non Independent
-
-
-
-

The senior management has made disclosures to the Board confirming that there are no material, financial and/or commercial transactions between them and the Company which could have potential conflict of interest with the Company at large.

Notes

  • None of the Directors are related to any other director.

  • None of the Directors holds Directorship in more than 15 public limited Companies nor is a member of more than Ten Committees across all Companies in which he is a Director.

Share - Holding of Non-Executive Director

Non-executive Directors are not holding any shares in the company.

Committees of the Board

The Committees of the Board is Constituted, as the Code becomes applicable to the Company. The role and the responsibilities of each of the Committee are well defined. The Board has constitutes the following Committees.

Audit Committee:

The Audit Committee was Constituted with Three independent Non Executive Director of which 2 are independent Non Executive Directors

1 Mr.Kamlesh Kotak Chairman Independent Director
2 Mr.Chetan Karia Member Non Executive/Non Independent
3 Mr. Girish Desai Member Independent Non Executive Director

The chairman and statutory Auditors are regularly invited to attend the Audit Committee meetings.

INVESTOR GREVIANCE & SHARE TRANSFER COMMITTEE

The composition of the Committee is as under

1. Mr.Chetan Karia Chairman Non Independent Non Executive Director
2 Mr. Kamlesh Kotak Member Independent Non Executive Director
3 Mr. Girish Desai Member Independent Non Executive Director

Remunerations Committee

The composition of the Committee is as under

1. Mr.Chetan Karia Chairman Non Independent Non Executive Director
2 Mr. Kamlesh Kotak Member Independent Non Executive Director
3 Mr. Girish Desai Member Independent Non Executive Director

DISCLOSURES:

During the year no material transactions with the Directors or the management. Their subsidiaries or relatives etc have taken place which has potential conflict with the interest of the Company

MEANS OF COMMUNICATION

The Company has published quarterly, half yearly as well as annual results in Free Press Journal (English Daily News Paper) and Navshakti (Marathi Daily News Paper).

OTHER DISCLOSURE RECOMMENDED BY THE COMMITTEE

Listing Details:
The Shares of the Company are listed at Bombay Stock Exchange, Madya Pradesh and Ahmedabad Stock Exchange.

BSE Scrip Code: 532057 ISIN No. : INE516F01016
Monthly High & Low prices Quoted on BSE after Listing : Click Here


Categories of Shareholders as on 31.03.2011

  Category
% of Shareholding
No. of Shares
   Promoters
71.48
4949708
  Individuals
26.26
1818582
  Domestic Companies
0
42110
  FI's, Mutual Funds & Bank
--
--
   FLLs, OCBs & NRI
1.65
114200
  TOTAL
100.00
6924600

The Company has not received any Notice or complaint from the statutory authorities. The Company is regular in complying with various compliances under the various statutory authorities.

Name and Address of the Share Transfer Agents of the Company / Correspondence Address :

Adroit Corporate Services Private Limited
19, Jaferbhoy Industrial Estate,
Makwana Road, Marol Naka,
Andheri (East), Mumbai 400 059.
Tel No. : 2859 4060 / 2850 3748
Fax No. : 56924438

 
Audited Financial Results for the year ended 31st March 2007
Audited Financial Results for the year ended 31st March 2008
Unaudited Financial Results for the period ended 30th June 2008
Unaudited Financial Results for the period ended 30th Sep 2008
Unaudited Financial Results for the period ended 31st Dec 2008
Audited Financial Result for the Year ended 31st March'2009
Audited Financial Result for the Quarter/Year ended 31st March' 2010
Unaudited Financial Result for the Quarter ended 30th June' 2010
Unaudited Financial Result for the Quarter ended 30th Sep' 2010
Unaudited Financial Result for the Quarter ended 31st Dec' 2010
Audited Financial Result for the period ended 31st March' 2011
Unaudited Financial Result for the Quarter ended 30th June' 2011
Annual Result 2006-07
Annual Report 2007-08
Annual Report 2008-09
Annual Report 2009-10
Annual Report 2010-11
 
 



address:
Abhinav Capital Services Ltd.
"Athena House", Row House No.4,
Rajnigandha, Gokuldham,
Goregaon (E.), Mumbai-400063.

phones:
Tel :+91-22-28425907
Fax :+91-22-28406189