To,

The Members,

Stratmont Industries Limited

Your Directors have pleasure in presenting the 39Th Annual Report on business
operation, together with Audited Financial statement for the year ended March 31,2023.

Financial Summary

1. The summarized financial highlight is depicted below:

(All amounts in INR Rupees, unless otherwise stated)


  

    
Particulars
    
31st-March-23
    
31st March-22
  
  

    
Revenue from operations
    
5,264.36
    
3,413.01
  
  

    
Other income
    
19.13
    
52.12
  
  

    
Total income
    
5,283.49
    
3,465.13
  
  

    
Expenses
    

    

  
  

    
Purchases of stock in trade
    
5,124.61
    
3,360.18
  
  

    
Changes of inventory - stock in trade
    
-47.68
    
-
  
  

    
Employee benefits expense
    
33.08
    
24.60
  
  

    
Finance costs
    
14.71
    
-
  
  

    
Depreciation and amortization expense
    
17.02
    
-
  
  

    
Other expenses
    
31.56
    
9.37
  
  

    
Total expenses
    
5,173.30
    
3,394.14
  
  

    
Profit before exceptional items and tax
    
110.20
    
70.99
  
  

    
Exceptional items
    
-
    
-
  
  

    
Profit before tax
    
110.20
    
70.99
  
  

    
Tax expense
    

    

  
  

    
Provision for Current tax
    
-29.50
    
18.18
  
  

    
Deferred tax (benefit)/charge
    
-7.23
    
0.00
  
  

    
Total tax expense
    
-36.72
    
52.82
  
  

    
Profit for the year
    
73.47
    
52.82
  
  

    
Earnings per equity share (Fv of Rs.10 each)
    

    

  
  

    
PBT
    
2.09
    
2.08
  
  

    
PAT
    
1.40
    
1.55
  


2. Dividend:

The directors of company has not recommended any dividend for the current Period.

3. Fixed Deposits:

During the Period Your Company has not accepted any public deposits during the
financial period under review.

4. RELATED PARTY TRANSACTIONS

There are No Related Party Transactions that were entered into during the financial
year were on an arm’s length basis, in the ordinary course of business and were in
compliance with the applicable provisions of the Act and the Listing Regulations. There
were no materially significant Related Party Transactions made by the Company during the
year that would have required Shareholder approval under the Listing Regulations.

All Related Party Transactions are placed before the Audit Committee for approval.
Prior omnibus approval of the Audit Committee is obtained for the transactions which are
repetitive in nature. A statement of all Related Party Transactions is placed before the
Audit Committee for its review on a quarterly basis, specifying the nature, value and
terms and conditions of the transactions.

The Company has adopted a Related Party Transactions Policy. The Policy, as approved by
the Board, is uploaded on the Company’s website.

Details of the transactions with Related Parties are provided in the accompanying
financial statements. There were no transactions during the year. Which would not require
to be reported in Form AOC.2.

Related party disclosures

A. List of Key Management Personnel :


  

    
Mr. Aman Singh
    
Director
  
  

    
Mr. V atsal Agarwaal
    
Director
  
  

    
Mr. V ineet Kumar
    
Director
  
  

    
Ms. Neelam Patwari
    
Director
  
  

    
Mr. Chinmoy Kumar Guha
    
Director
  
  

    
Mr. Ashok Kumar Tyagi
    
Director
  
  

    
Mr. Robin Keshri
    
Company Secretary
  


B. Compensation to key management personnel :


  

    
Particulars
    
FY 2022-23
    
FY 2021-22
  
  

    
Short term employee benefits
    

    
11,800
  
  

    
Directors Remuneration / Sitting Fees
    
325000
    
45,500
  
  

    
Post-employment benefits
    
-
    
-
  
  

    
Other long-term benefits
    
-
    
-
  
  

    
Total Compensation to key management personnel
    
3,25,000
    
57,300
  


Other related Parties with whom transactions have taken place

Simplex Coke and Refractory Pvt. Ltd.


  

    
Nature of Transaction
    
FY 2022-23 (Rs.)
    
FY 2021-22 (Rs.)
  
  

    
Purchases : Traded Goods
    
56,69,010
    
34,80,923
  
  

    
Purchases : Machine
    
5,73,16,000
    
17,58,120 -
  
  

    
Sales : Traded Goods(Coal & coke)
    
2,25,63,931
    
1,54,36,948
  
  

    
Sales : Machine Rental
    
80,87,366
    
-
  
  

    
Total
    
9,36,36,307
    
2,06,75,991
  


5. RISK MANAGEMENT

Risk management comprises all the organizational rules and actions for early
identification of risks in the course of doing business and the management of such risks.

Although not mandatory, as a measure of good governance, the Company has constituted a
Risk Management Committee of the Board. The Committee reviews the Company’s
performance against identified risks, formulates strategies towards identifying new and
emergent risks that may materially affect the Company’s overall risk exposure and
reviews the Risk Management Policy and structure.

This robust Risk Management framework seeks to create transparency, minimize adverse
impact on business objectives and enhance the Company’s competitive advantage.

The Internal Audit Department is responsible for facilitating coordination with the
heads of various Departments, with respect to the process of identifying key risks
associated with the business, manner of handling risks, adequacy of mitigating factors and
recommending corrective action. The major risks forming part of the Enterprise Risk
Management process are linked to the audit universe and are also covered as part of the
annual risk based audit plan.

The Company has adopted a Risk Management Policy pursuant to Section 134 of the Act.

6. Information under Section 196-202 of Companies Act, 2013 and Rule 3-10 of the,
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014

None of the employees was in receipt of remuneration exceeding the limit specified
under section 196-202 of Companies Act, 2013.

7. INFORMATION UNDER SECTION 196 - 202 OF THE COMPANIES ACT. 2013 AND RULE 3-10 OF THE
COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULE. 2014

None of the employees was in receipt of remuneration exceeding the limit specified
under section 196-202 of Companies Act, 2013

8. DIRECTORS

Pursuant to section 152 of the companies Act, 2013 (the ‘Act’) and under
Article (Article No. if any) of the Company’s Articles of Association.

Mr. V ineet Kumar has been Appointed as an Managing Director of the Company with effect
from 7Th August, 2023.

Mr. Aman Singh has been Appointed as Managing Director of the Company with effect from
30Th May,2022 & resign from 2nd August,2023

DIRECTORS’ RESPONSIBILITY STATEMENT:

Pursuant to in terms of clause (c) of Sub Section 3 of Section 134 of the Companies
Act, 2013, the Directors, based on the representations received from the management,
confirm:

That in the preparation of the Annual Accounts, the applicable accounting standards
have been followed,

That we have selected such accounting policies and applied them consistently and made
judgments and estimates that are reasonable and prudent so as to give a true and fair view
of the state of affairs of the company at the end of March 2023 and of the Profits /Loss
of the Company for that period,

That we have taken proper and sufficient care for the maintenances of adequate
accounting records in accordance with the provisions of the Companies Act, 2013 for
safeguarding the assets of the Company and for preventing and detecting fraud and other
irregularities, that we have prepared the Annual accounts on a going concern basis.

9. AUDITORS:

(1) Statutory Auditors:

The Board has proposed to re-appointed of M/s SARP & ASSOCIATES.,
Chartered(FRN:007375C) as a Statutory Auditors of the Company until the conclusion of next
Annual General Meeting of the company at remuneration as the Board of Directors may
determine. "Subject to the approval of the shareholders in the Annual General Meeting
of the company."

(2) Secretarial Auditors:

Pursuant to the provisions of Section 204 of the Act and The Companies (Appointment and
Remuneration of Managerial Personnel) Rules,2014, the Board of Directors of the Company
had appointed Mr. Shravan A. Gupta, Practicing Company Secretary in practice (M.No:9990)
to undertake the Secretarial Audit of the Company for the year ended 31st March, 2023. The
Secretarial Audit Report is annexed Practicing Company Secretary in practice.

10. CONvERSATION OF ENERGY-RESEARCH AND DEVELOPMENT.TECHNOLOGY ABSORPTION AND FOREIGN
EXCHANGE EARNINGS AND OUTGO:

The information required under the companies Act, 2013 with respect to conversation of
energy, technology absorption and foreign exchange earnings / outgo is appended hereto it
forms part of this Report.

11. EMPLOYEE RELATIONS:

The employee relations in the company continued to be positive, information as per
Section 134 of the Companies Act, 2013 (the ‘Act’) read with the Companies
(Particulars of Employees) rule, 1975 forms part of this Report. As per the provisions of
the Section 136(1) of the Act, the Report and Accounts are being sent to the shareholders
of the Company excluding the statement on particulars of employees under Section 134 of
the Act. Any shareholder interested in obtaining a copy of the said statement may write to
the Secretarial Department at the Registered Office of the Company.

12. TRADE RELATIONS:

Your Directors wish to record appreciation of the continued unstinted support and co -
operation from its Customers, suppliers of goods / services, clearing and forwarding
agents and all others associated with it. Your Company will continue to build and maintain
strong association with its business partners.

Your Company also has policy on prevention of Sexual Harassment which is reviewed by
the internal Complaints Committee at regular intervals. Your Company recognizes its
responsibility and continues to provide a safe working environment for women, free from
sexual harassment and discrimination and to boost their confidence, morale and
performance.

13. CORPORATE GOvERNANCE:

As per regulation 72 of the SEBI (Listing Obligation and Disclosure Requirement)
Regulations 2015 of the Listing Agreement entered into with the Stock Exchanges, Corporate
Governance Report with auditors’ certificate thereon and management Discussion and
Analysis are attached and form part of this report.

14. ACKNOWLEDGEMENTS:

The Directors thank the Company’s customers, vendors, investors, business
associates, bankers for their support to the company. The Directors appreciate and value
the contributions made by every member of the "Stratmont" family across the
country.

15. PARTICULARS OF EMPLOYEES

There was no employee in respect of whom information is required to be given pursuant
to Section 134 of the Companies Act, 2013 read with the Companies (Particulars of
Employees) Amendment Rules, 1999 as amended up-to-date.

16. AUDITOR REPORT

The Auditors’ Report to the shareholders did not contain any adverse or
qualification remarks.

17. INDUSTRIAL RELATIONS

During the year under review, your company has cordial and harmonious industrial
relations at all levels of the Organization.

18. PUBLIC DEPOSITS

During the year under review, your Company has not accepted any Fixed Deposits from
public within the meaning of the provisions of the Section 73 & 76 of the Companies
Act, 2013 and the Rules made there under.

Your Directors place on record their appreciation of the dedication and commitment of
your Company’s employees and look forward to their support in the future as well.


  

    

    
By The Order of The Board
  
  

    

    
Sd/-
  
  

    

    
Mr. V ineet Kumar
  
  

    

    
Managing Director
  
  

    
Mumbai
    

  
  

    
August 30, 2023