asliAR 2017 2018

ASL Industries Limited
REGISTRAR & SHARE TRANSFER AGENT:

Karvy Computershare Pvt. Ltd.
Karvy Selenium Tower B, Plot 31-
32, Gachibowli, Financial District,
Nanakramguda, Hyderabad – 500 032
BANKERS: AXIS BANK LIMITED

Corporate Banking,Kolkata-700071
West BengalTABLE OF CONTENTS
Particulars Page No.

BOARD COMMITTEES
Company Information 2-3
AUDIT COMMITEE Notice to Shareholders 5-10

Mr. Ashish Lodha Director's Report
: Chairman 11-16
Mr. Bishwanath Sharma : Member
Extract of Annual Return & Secretarial Audit Report 17-25
Mr. Akshay Goyal : Member
Independent Auditor’s Report 26-33
Balance SheetCOMMITTEE
NOMINATION & REMUNERATION 34
Mr. Ashish Lodha Statement of Profit

: Chairman
& Loss 35
Cash Flow Statement 36
Notes to Accounts 37-52
Attendance Slip 53
STAKEHOLDER RELATIONSHIP COMMITTEE
Mr. Ashish Lodha Proxy Form : Chairman 55

:1:
27th Annual Report 2017-18
COMPANY INFORMATION
BOARD OF DIRECTORS
 Managing Director : Ankit Goyal
 Non- Executive Director : Dilip Kumar Goyal
 Non- Executive Director : Jayshree Goyal
 Non- Executive Director : Akshay Goyal
 Independent Director : Ashish Lodha
 Independent Director : Bishwanath Sharma
CHIEF FINANCIAL OFFICER : Ankit Goyal
COMPANY SECRETARY & COMPLIANCE OFFICER: Simi Sen
REGISTERED OFFICE : ASL Industries Limited

7B, Punwani Chambers, Kiran Shankar Roy Road,
Kolkata-700 001
Phone : (033) 22480150
E-mail- info@aslindustries.in
Website- www.aslindustries.in
CIN: L36900WB1992PLC099901
ADMINISTRATIVE/CORPORATEOFFICE :
C-55, 56, Phase-IV,
Adityapur, Industrial Area, Gamharia,
Jamshedpur-832108, Jharkhand
Email: info@aslindustries.in
STATUTORYAUDITORS : S.K. NAREDI & Co. (FRN: 003333C)

Chartered Accountants
Virdi Niwas, M-Road, Bistupur,
Jamshedpur, Jharkhand
Email: info.jsr@sknaredi.com
INTERNAL AUDITORS : Harnathka & Associates

Chartered Accountants
Shop No.-7, Ground Floor, Bumbra Enclave,
Diagonal Road, Bistupur
Jamshedpur, Jharkhand
Email:caharnathka@gmail.com
:2:

32, Gachibowli,
REGISTRAR & SHARE TRANSFER Financial
AGENT: District,
BANKERS: AXIS BANK LIMITED 32, Gachibowli, Financial District,
West Bengal
West Bengal
BOARD COMMITTEES
AUDIT COMMITEE BOARD COMMITTEES

Mr. Ashish Lodha : Chairman
Mr. Bishwanath
AUDIT Sharma :
COMMITEE Member
Mr. Akshay Goyal Mr. Ashish:Lodha
Member : Chairman
NOMINATION & REMUNERATION
Mr. AkshayCOMMITTEE
Goyal : Member
Mr. Bishwanath Sharma & REMUNERATION
NOMINATION : Member COMMITTEE
Member : Chairman
Mr. Bishwanath Sharma
STAKEHOLDER : Member COMMITTEE
RELATIONSHIP
Member : Chairman
:3:
COMPANY OVERVIEW
Our Company is engaged in the business of manufacturing of forged products and press
shop for sheet metal products.
Our products have varied applications and are used in various industries like railway,
defense, and automobile.
Our existing unit has a machine shop for the rough & finish machining of components,
heat treatment facilities, in-house die making facilities, CNC & VMC horizontal and
vertical centers, light, medium & heavy fabrication, assembly and sheet metal press shop.
We provide one stop solution from metal forming to assembly under one roof along with
logistics and just-in- time solutions.
We are capable of manufacturing both standardized as well as customized products. Our
flexible manufacturing infrastructure enables us to extend our product range and change
our product mix as per customer demand and requirement.
Our Company is ISO 14001: 2015 and has obtained OHSAS 18001:2007 certifications
for adhering to global standards in occupational health and safety management.
We are also certified by Bureau Veritas Certification for ISO/TS 16949:2009 for
pressed, fabricated machined and assembled components from sheet metals and forgings.
VISION
To collectively provide our customers a one stop solution in the field of Metal Forming
and Final Assemblies by creating values to all our stakeholders and keeping high level of
quality each time.
MISSION
To collectively provide our customers a one stop solution in the field of Metal Forming
and Final Assemblies through reliability in Quality supply, Timely delivery and cost
efficient to be achieved by innovative approach.
:4:

NOTICE to the 27th AnnualKarvy Selenium
General Tower B, Plot 31-
Meeting
NOTICE is hereby given that the 27th Annual General Meeting of the Members of ASL
Industries Limited will be held on Wednesday, 8th day of August, 2018 at 11.30 A.M at the
Registered office of the Company at 7B, Punwani Chambers, 1st Floor,Kiran Shankar Roy
Road, Kolkata-700 001,West West Bengal (Route map enclosed) to transact the following
Bengal
business:
Ordinary business:
BOARD
1. To receive, COMMITTEES
consider and adopt the Balance Sheet as at March 31, 2018 and
statement of Profit and LossAccount for the year ended on that date, the Report of
Directors and Auditor’s thereon.
AUDIT COMMITEE
2. Lodha
Mr. Ashish To re- appoint Mr.: Dilip Kumar Goyal (DIN: 00033590) who retires by rotation and
Chairman
being eligible, offers himself for re-appointment.
3. Goyal
Mr. Akshay To consider and: if thought
Member fit, to pass, the following resolution as an ordinary
resolution:
“RESOLVED THAT,
NOMINATION & REMUNERATION pursuant to the provisions of section 139 and other applicable
COMMITTEE
provisions, if any, of the Companies Act, 2013 (the Act) and The Companies (Audit
and Auditors) Rules, 2014, (the rules), (including any statutory modification(s) or re-
enactment(s) :
thereof Member
for the time being in force) the Company hereby ratifies the
appointment of :S. K.Member
Mr. Akshay Goyal Naredi& Co. Chartered Accountants (FRN: 003333C) as the
statutory auditor of the Company, to audit the accounts and hold office as such from
conclusion of this annual general meeting until the conclusion of next Annual
General Meeting
STAKEHOLDER RELATIONSHIP of the company, on such remuneration as may be decided by the
COMMITTEE
Board of Directors of the Company.”
Mr. Akshay Goyal
By order of the Board : Member
For, ASL Industries Limited
Simi Sen
Company Secretary
Kolkata, 6th July, 2018
:5:
Notes:
1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE AGM IS ENTITLED TO APPOINT A
PROXY/ PROXIES TO ATTEND AND VOTE INSTEAD OF HIMSELF / HERSELF. SUCH A PROXY
/ PROXIES NEED NOT BE A MEMBER OF THE COMPANY. A person can act as a proxy on
behalf of members not exceeding fifty (50) and holding in the aggregate not more than
ten percent (10%) of the total share capital of the Company.
2. Corporate members intending to send their authorised representatives to attend the

AGM are requested to send certified copy of Board Resolution of the Company,
authorizing their representative to attend and vote on their behalf at the meeting.
3. The instrument appointing the Proxy should be deposited at the Registered Office of the
Company not less than forty-eight hours before the commencement of the Annual
General Meeting. A Proxy form is sent herewith.
4. During the period beginning 24 hours before the time fixed for the commencement of the
meeting, a member entitled to be inspecting the proxies lodged at any time during the
business hours of the Company, provided that not less than three days of notice in
writing is given to the Company.
5. Members/Proxies/authorized representative should bring the duly filled Attendance Slip

enclosed herewith to attend the general meeting.
6. The Register of Directors and Key Managerial Personnel and their shareholding,
maintained under section 170 of the Companies Act, 2013, will be available for
inspection by the members at the AGM.
7. The Register of members and share transfer books shall be closed from 2nd Day of August,
2018 to 8th Day of August 2018 (both days inclusive) for the purpose of Annual General
Meeting.
8. Members are requested to notify immediately changes, if any, in their registered

addresses to the Company’s Registrar and Share Transfer Agents M/s. Karvy
Computershare Private Limited, Karvy Selenium Tower-B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda, Hyderabad- 500 032.
9. Members who have not registered their phone number and email address so far are
requested to register their email ids for receiving all correspondence from the Company
electronically.
10.Members are requested to note that trading in securities of the Company are
compulsorily in dematerialized form only. Hence members who are yet to dematerialize
their shares are advised to do so.
11.Members may also note that the Notice of the General Meeting will also be available on
the Company’s website www.aslindustries.in for their download.
:6:

12. Mr. Dilip Kumar Goyal,Karvy Computershare
Director Pvt. Ltd.
retire by rotation and, being eligible, offer himself for re-
Karvy General
appointment at the Annual SeleniumMeeting.
Tower B,APlot
brief31-
resume of the said Directors is given
below. 32, Gachibowli, Financial District,
Name of the Director Dilip Kumar Goyal
BANKERS: Director Identification
AXISNumber
BANK (DIN)
LIMITED 00033590
Nationality Corporate Banking,Kolkata-700071 Indian
West Bengal
Date of Appointment on Board 24.06.1999
Qualification B.com
Shareholding in ASL Industries Limited 911000 (8.75%)
Memberships / Chairmanships of Audit and Stakeholders’
BOARD COMMITTEES NIL
Relationship Committees across Public Companies
AUDIT COMMITEE
Voting through electronic means:
13.In compliance with provisions of Section 108 of the Companies Act, 2013, Rule 20 of the
Mr. Bishwanath
CompaniesSharma :
(Management Member
and Administration) Rules, 2014 as amended by the
Mr. Akshay Goyal (Management
Companies : Member
and Administration) Amendment Rules, 2015 and Regulation
44 of the Listing Agreement SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 the Company has provided a facility to the members to exercise their
NOMINATION & REMUNERATION
votes COMMITTEE
electronically through the electronic voting services facility arranged by Karvy
Computershare
Mr. Ashish Lodha Private
: Limited. The facility for voting through ballot paper shall be made
Chairman
available at the AGM and the members attending the meeting who have not cast their
Mr. Bishwanath Sharma e-voting
vote by remote : shall
Member
be able to exercise their right at the meeting through ballot
paper. The
Mr. Akshay Goyal members who
: have
Membercast their vote by remote e-voting prior to the AGM may
also attend the AGM but shall not be entitled to cast their vote again.

Instruction for e-voting:
14. The remote
Mr. Bishwanath e-voting :period
Sharma commences on 5th August, 2018 (09:00 am) and ends on 7th
Member
August, 2018 (5:00 pm). During this period members of the Company, holding shares
Mr. Akshay Goyal
either : orMember
in physical form in dematerialized form, as on the cut-off date of 1st August,
2018, may cast their vote by remote e-voting. The remote e-voting module shall be
disabled for voting thereafter. Once the vote on a resolution is cast by the member, the
member shall not be allowed to change it subsequently.
For the purpose of AGM, the Register of Member and Share Transfer Book of the
Company will be closed from 02.08.2018 to 08.08.2018 (Both days inclusive).
(A) In case a Member receives an email from Karvy [for Members whose email IDs are
registered with the Company/Depository Participants (s)], please follow the below
instructions:
i. Launch internet browser by typing the URL: https://evoting.karvy.com.
ii. Enter the login credentials (i.e. User ID and password). In case of physical folio,
User ID will be EVEN (E-Voting Event Number) followed by folio number. In case of
Demat account, User ID will be your DP ID and Client ID. However, if you are
:7:
already registered with Karvy for e-voting, you can use your existing User ID and
password for casting your vote.
iii. After entering these details appropriately, click on “LOGIN”.
iv. You will now reach password change menu wherein you are required to
mandatorily change your password. The new password shall comprise minimum 8
characters with at least one upper case (A- Z), one lower case (a-z), one numeric
value (0-9) and a special character (@,#,$, etc.,). The system will prompt you to
change your password and update your contact details like mobile number, email
ID etc. on first login. It is strongly recommended that you do not share your
password with any other person and that you take utmost care to keep your
password confidential.
v. Login again with the new credentials.
vi. On successful login, the system will prompt you to select the “EVENT” i.e., ‘ASL
INDUSTRIES LIMITED’.
vii. On the voting page, enter the number of shares (which represents the number of
votes) as on the cut-off date under “FOR/AGAINST” or alternatively, you may
partially enter any number in “FOR” and partially “AGAINST” but the total number
in “FOR/AGAINST” taken together shall not exceed your total shareholding as
mentioned herein above. You may also choose the option ABSTAIN. If the Member
does not indicate either “FOR” or “AGAINST” it will be treated as “ABSTAIN” and
the shares held will not be counted under either head.
viii. Members holding multiple folios/demat accounts shall choose the voting process
separately for each folio/demat accounts.
ix. Voting has to be done for each item of the notice separately. In case you do not
desire to cast your vote on any specific item, it will be treated as abstained.
x. You may then cast your vote by selecting an appropriate option and click on
“Submit”.
xi. A confirmation box will be displayed, click “OK” to confirm else “CANCEL” to
modify. Once you have voted on the resolution (s), you will not be allowed to
modify your vote. During the voting period, Members can login any number of
times till they have voted on all the resolution(s).
xii. Corporate/Institutional Members (i.e. other than Individuals, HUF, NRI etc.) are
also required to send scanned certified true copy (PDF Format) of the Board
Resolution/Authority Letter etc., together with attested specimen signature(s) of
the duly authorized representative(s), to the Scrutinizer at email
compliance@sreedharancs.com with a copy marked to evoting@karvy.com. The
scanned image of the above mentioned documents should be in the naming
format “Corporate Name_Event No.”
:8:

(B) In case of MembersKarvyreceiving
Seleniumphysical
Tower copy
B, Plotof31-
Notice [for Members whose email IDs
are not registered with
32,the Company/Depository
Gachibowli, Participants (s)]:
Financial District,
i. E-Voting Event Number, User ID and Password are provided in the Attendance
BANKERS: Slip. AXIS BANK LIMITED
ii. Please follow West
all steps from Sl. No. (i) To (xii) above to cast your vote by electronic
Bengal
means.
15. Voting at Annual General Meeting (AGM): The Members, who have not cast their
vote through remote e-voting, can exercise their voting rights at the AGM. The
BOARD COMMITTEES
Company will make necessary arrangements in this regard at the AGM Venue. The
facility for voting through ballot shall be made available at the Meeting. Members
AUDIT COMMITEE who have already cast their votes by remote e-voting are eligible to attend the
Meeting however such Members are not entitled to cast their vote again at the
Mr. Ashish Lodha
meeting. : Chairman
16. A Member can opt for only single mode of voting i.e. through remote e-voting or
voting at the AGM. If a Member casts votes by both modes then voting done
through remote e-voting shall prevail and vote at the AGM shall be treated as
invalid.
NOMINATION & REMUNERATION COMMITTEE
OTHER INSTRUCTIONS
a. In case :
of any query Member
and/or grievance, in respect of voting by electronic means,
Mr. AkshayMembers
Goyal may refer: toMember
the Help & Frequently Asked Questions (FAQs) and e-voting
user manual available at the download section of https://evoting.karvy.com (Karvy
website) or contact anandan.k@karvy.comof Karvy Computershare Private Limited,
Karvy SeleniumCOMMITTEE
STAKEHOLDER RELATIONSHIP Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda,
Hyderabad - 500 032 or at evoting@karvy.com or phone no. 040 – 6716 1530/91 or
call Karvy’s toll free No. 1-800-34-54-001 for any further clarifications.
b. You
Mr. Akshay Goyalcan also update: your mobile number and e-mail id in the user profile details of
Member
the folio which may be used for sending future communication(s).
c. The remote e-voting period commences on 5th August, 2018 (9.00 a.m. IST) and ends
on 7th August, 2018 (5.00 p.m. IST). During this period, Members of the Company,
holding shares either in physical form or in dematerialized form, as on the cut-off date
of 1st day of August, 2018 may cast their votes electronically. The remote e-voting
module shall be disabled for voting thereafter. Once the vote on a resolution(s) is cast
by the Member, the Member shall not be allowed to change it subsequently. A person
who is not a Member as on the cut-off date should treat this Notice for information
purposes only
d. The voting rights of Members shall be in proportion to their share of the paid up
equity share capital of the Company as on the cut-off date i.e. 1st day of August, 2018.
:9:
e. In case a person has become a Member of the Company after dispatch of AGM Notice
but on or before the cut-off date for e-voting i.e.1st day of August, 2018he/she may
obtain the User ID and password in the manner as mentioned below:
i. If the mobile number of the member is registered against Folio No / DP ID Client ID, the
member may send SMS: MYEPWD
E-Voting Event Example for NSDL:

MYEPWD IN12345612345678
Example for CDSL:

MYEPWD 1402345612345678
Example for Physical:

MYEPWD XXXX1234567890
ii. If e-mail address or mobile number of the member is registered against Folio No. / DP
ID Client ID, then on the home page of https://evoting.karvy.com, the member may click
“Forgot Password” and enter Folio No. or DP ID Client ID and PAN to generate a password.
iii. Member may call Karvy’s toll free number 1800-3454-001.
iv. Member may send an e-mail request to evoting@karvy.com. However, Karvy shall
endeavour to send User ID and Password to those new Members whose mail ids are
available.
16. Ms. Shikha Naredi, Practicing Company Secretary (Membership No.43824 C.P. No.
16103) has been appointed as the Scrutinizer to scrutinize the e-voting process in a fair
and transparent manner. The Scrutinizer will submit, not later than 2 days of conclusion
of the AGM, a consolidated Scrutinizer’s Report of the total votes cast in favour or
against, if any, to the Chairman of the Company or a person authorized by him in
writing, which shall countersign the same and declare the result of the voting forthwith.
17. The result of the e-voting along with the scrutinizer’s report shall be declared by the
chairman and will be placed in the company’s website and in the website of Karvy,
within two (2) days of passing of the resolution the general meeting of the Company.
The results will also be communicated to the Stock Exchange where the shares of the
Company are listed.
By order of the Board

For, ASL Industries Limited
Simi Sen
Company Secretary
Kolkata, 6th July, 2018
: 10 :

Karvy SeleniumBOARD'S
Tower B, Plot 31-
REPORT
To, Nanakramguda, Hyderabad – 500 032
The Shareholders,
BANKERS: ASL Industries Limited AXIS BANK LIMITED
WestinBengal
Your Directors are delightful presenting the 27th Annual Report for the financial year 2017-2018.
Financial Highlights
Financial results of your Company for the year ended 31st March 2018 are summarized below.
BOARD COMMITTEES
Amount in `
AUDIT COMMITEE Particulars 2017-2018 2016-2017

Revenue from operations 707,591,654 564,477,103
Other Income 3,053,532 2,410,086
Total Revenue 710,645,186 566,887,189
Total Expenses 744,348,937 556,759,354
Profit/Loss
Mr. Bishwanath Sharma before
: exception
Member item (33,703,752) 10,127,835
Exceptional Item (1,530,685) 282,380
Profit before taxation

STAKEHOLDER RELATIONSHIP COMMITTEE (32,173,062) 9,845,455
Less:
Current Tax : Member - 1,876,050
Deferred
Mr. Akshay Goyal Tax : Member (10,009,242) 3,039,368
Profit/Loss after taxation (22,163,820) 4,930,037
Operational Review
The gross revenue increase to Rs. 7075.91 Lacs as compared to Rs.5644.77 Lacs for the corresponding
period in the previous year. The Loss Rs. 321.73 Lacs as compared to profit of 98.45 Lacs for the
previous year. After providing for taxation expenses, the Company recorded loss of Rs. 221.63 Lacs as
against profit of Rs.49.30 Lacs in the previous year.
Dividend
Your Company strongly believes that the growth of the Company will ultimately lead to the growth of its
people. Hence, the Board thinks it’s important to plough back the profits of the Company back into the
business to reap the fruits in future.
: 11 :
Transfer to Reserves
The Board has decided not to transfer any sum of money to the Reserves of the Company.
Subsidiaries/ Associate/ Joint Venture

Your Company does not have any subsidiary, associate or Joint Venture.
Fixed Deposits
Your Company has not accepted any deposits from the public and as such, no amount of principal or
interest was outstanding during the financial year under review.
Particulars of Loans, Guarantees or Investments bythe Company

Your Company has not given any Loan or provided any guarantees or made any investments covered
under the provisions of section 186 of the Companies Act, 2013 during the Financial Year 2017-18.
Share Capital
The Authorized Capital of Rs. 110000000.00 and the Subscribed, Paid-up and Issued Capital of the
Company Rs. 104170900.00 as on 31st day of March, 2018.
Meetings
During the year 7 (Seven) Board Meetings were convened and held and the intervening gap between the
Meetings was within the period prescribed under the Companies Act, 2013.
The dates on which the Board Meetings were held areas under:
12.04.2017, 09.05.2017, 30.06.2017, 17.07.2017, 13.11.2017, 24.11.2017 and 30.03.2018.
Extract of Annual Return

The extract of the Annual Return in Form MGT-9 is annexed herewith as Annexure- I.
Board of Directors and Key Managerial Personnel

Mr. Dilip Kumar Goyal retires by rotation and, being eligible, offers himself for re-appointment.
All independent directors have given declarations that they meet the criteria of independence as laid down
under section 149(6) of the Companies Act, 2013 and under regulation 25 of the SEBI (Listing
obligations and disclosure requirements) Regulations, 2015.
Board Evaluation
Pursuant to the provisions of the Companies Act, 2013 and under regulation 25 of the SEBI (Listing
obligations and disclosure requirements) Regulations, 2015, the Board has carried out an evaluation of its
own performance, the directors individually as well as the evaluation of the working of its Audit,
Nomination & Remuneration Committees.
Related Party Transactions

Details of Related Party Transactions are mentioned in Notes to the financial statement for the year ended
31st March, 2018.
: 12 :

Vigil Mechanism Karvy Computershare Pvt. Ltd.
The Company has formulatedKarvy Selenium
a Whistle Tower
blower B, Plot
policy and31-
has established vigil mechanism for employees
including Directors of the Company to report genuine concerns. The provisions of this Policy are in line
with the provisions of theNanakramguda, Hyderabad
Section 177(9) of – 500Act,
the Companies 0322013.
BANKERS: Audit Committee AXIS BANK LIMITED

The Board has constituted Audit Committee as required under Companies Act, 2013. The Composition of
West Bengal
theCommittee is as under:
Name of the Member Designation

Ashish Lodha Chairman
BOARD COMMITTEES
Bishwanath Sharma Member
Akshay Goyal Member
AUDIT COMMITEE
Nomination & Remuneration Committee
The Board has constituted Nomination and Remuneration Committee as required under Companies Act,
2013.The Composition of: the Committee
Member is as under:
NOMINATION & REMUNERATION COMMITTEE Bishwanath Sharma Member
Akshay Goyal Member
In terms of
Mr. Bishwanath the provisions
Sharma : of Section 178(3) of the Companies Act, 2013, the Nomination and
Member
Remuneration Committee is responsible for formulating the criteria for determining the qualifications,
attributes and Independence of a Director. The Nomination and Remuneration Committee is also
responsible for recommending to the Board a policy relating to the remuneration of the Directors, Key
STAKEHOLDERManagerial Personnel and
RELATIONSHIP Senior Management.
COMMITTEE
Stakeholder Relationship Committee
The Board has constituted Stakeholder Relationship Committee as required under Securities Exchange
Mr. Akshay
Board Goyal : Member
of India (Listing obligations and Disclosure Requirements) Regulations, 2015 (“Regulations”).

Bishwanath Sharma Member
Akshay Goyal Member
Statutory Auditors
In accordance with Sec 139 of the Companies Act, 2013, M/s. S.K. Naredi & Co., Chartered Accountants,
(FRN: 003333C), were appointed by the shareholders of the Company at the Annual General Meeting
held on 30th day of September, 2014, as Statutory Auditors for a period of 5 years to hold office until the
conclusion of the forthcoming Annual General Meeting of the Company to be held in calendar year 2019.
: 13 :
In accordance with the provisions of Section 139,142 and other applicable provisions of the Companies
Act, 2013 and of the Companies (Audit and Auditors) Rules, 2014, the appointment of the Statutory
Auditors is required to be ratified by the shareholders at every Annual General Meeting during their
tenure. Board has recommended the re-appointment of S. K. Naredi & Co., Chartered Accountants as the
Statutory Auditor for the Financial Year 2017-18.
M/s. S.K. Naredi & Co., Chartered Accountants, have confirmed that they are eligible for having their
appointment as Statutory Auditors, ratified at this Annual General Meeting.
Auditors Report
There is no qualification, reservation or adverse remarks or disclaimer made by the Auditors in their
report on the financial statement of the Company for the Financial Year ended on 31st March, 2018.
Secretarial Audit and Report

Pursuant to provisions of section 204 of the Companies Act, 2013 and The Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 the company has appointed Ms. Shikha Naredi,
Practicing Company Secretary to undertake the Secretarial Audit of the Company. The Secretarial Audit
Report is annexed herewith as “Annexure II”.
Details in respect of adequacy of internal financial controls with reference to the

Financial Statements
a) The Board of Directors of the Company have adopted various policies and procedures for ensuring
the orderly and efficient conduct of its business, the safeguarding of its assets, prevention and
detection of frauds and errors, the accuracy and completeness of the accounting records and the
timely preparation of reliable financial information.
b) The Company has appointed M/s. Harnathka & Associates, Chartered Accountants, as Internal
Auditor to test the Internal Controls and to provide assurance to the Board that business operations
of the organization are in accordance with the approved policies and procedures of the Company.
The Internal Auditor presents the Internal Audit Report highlighting internal audit findings and
status of Management Action Plan on the Internal Audit observations.
Risk Management
The Company has formulated a Risk Management Policy for dealing with different kinds of risks which it
faces in day to day operations of the Company. Risk Management Policy of the Company outlines
different kinds of risks and risk mitigating measures to be adopted by the Board. The Company has
adequate internal control systems and procedures to combat the risk. The Risk management procedure
will be reviewed by the Audit Committee and Board of Directors on time to time basis.
: 14 :

Material changes andKarvycommitments affecting
Selenium Tower the
B, Plot 31-financial position of the Company
There are no material changes and commitments, affecting
the financial position of your Company,
which have occurred between the ends ofHyderabad
Nanakramguda, the financial year032
– 500 of the Company.
BANKERS: Obligation of Company AXIS BANK

under LIMITED
the Sexual Harassment of Women at Workplace
(Prevention, Prohibition Corporate Banking,Kolkata-700071
and Redressal) Act, 2013
West
In order to prevent Sexual Bengal of Women at Workplace a new act “The Sexual Harassment of
Harassment
Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013” has been notified on 9th
December, 2013. Under the said Act every Company is required to set up an Internal Complaints
Committee to look into complaints relating to sexual harassment at work place of any women employee.
The Company has adopted “Anti-Sexual Harassment Policy” constituted “Redressal Committee” as
BOARD COMMITTEES
required under section 4 (1) of Sexual harassment of women at work place (prevention, prohibition and
redressal) Act, 2013.
AUDIT COMMITEE
During the financial year under review, the Company has not received any complaint.
Conservation :
of Energy, Member
Research and Development, Technology Absorption, Foreign
Exchange
Mr. Akshay Goyal Earnings and
: Outgo
Member
The Company has not carried any activities relating to the conservation of energy. The Company has not
acquired any technologies during the year under review.
As the Company has not carried out any activities relating to the export and import during the financial
Mr. Ashish
year. Lodha : Chairman
Mr. Bishwanath
There wereSharma : Member
no foreign exchange earnings and outgo during the year.
Director’s Responsibility Statement
To the best of knowledge and belief and according to the information and explanations obtained by them,
STAKEHOLDER
yourRELATIONSHIP COMMITTEE
Directors make the following statement in terms of Section 134(3) (c) of the Companies Act, 2013:
i. ThatSharma
Mr. Bishwanath in the preparation
: of the Annual Accounts for the year ended March 31, 2018 the applicable
Member
Mr. Akshay accounting
Goyal standards
: have been followed along with proper explanation relating to material
Member
departures, if any;
ii. That the directors had 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 as at March 31, 2018 and of the profit of the Company for the year
ended on that date;
: 15 :
iii. That the Directors have taken proper and sufficient care for the maintenance 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;
iv. That the annual accounts have been prepared on a going concern basis;
v. That the Directors had laid down internal financial controls to be followed by the Company and that
such internal financial controls are adequate and were operating effectively; and
vi. That the Directors had devised proper systems to ensure compliance with the provisions of all
applicable laws and that such systems were adequate and operating effectively.
Acknowledgement
On behalf of the Board, I would like to thank the management and staff of ASL Industries Limited, who
have worked hard for the growth and future of the Company. I am also grateful to my fellow directors for
their continued guidance, advice and foresight that helped steer the Group’s business through the
increasingly competitive industry landscape. I extend my heartfelt gratitude to our Customers for their
continued faith in our products and our business partners for their support to our business. Finally, I thank
our Shareholders for the trust and confidence they have placed in us. With your belief in us, we are
confident of keeping up the growth momentum and report even better results in the years to come.
For and On behalf of the Board of Directors

For ASL INDUSTRIES LIMITED
Sd/- Sd/-
Ankit Goyal Dilip Kumar Goyal
Managing Director & CFO Director
DIN: 00963125 DIN: 00033590
DATE: 30/05/2018
PLACE: Kolkata
: 16 :

Karvy Computershare Pvt. Ltd. Annexure-I
32, Gachibowli,FORM
Financial
NO.District,
-MGT-9
Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Company (Management &
Administration ) Rules, 2014.
EXTRACT OF ANNUAL RETURN
I. DETAILS OF COMPANY: West Bengal
i CIN L36900WB1992PLC099901
ii REGISTRATION DATE 20.02.1992
BOARD COMMITTEES ASL Industries Limited (Formaly known as ASL Industries Pvt.
iii NAME OF COMPANY
Ltd.)
iv CATEGORY OF THE COMPANY Public Company having share capital
AUDIT COMMITEE
v ADDRESS & CONTACT DETAILS
Mr. AshishADDRESS:
Lodha : Chairman Punwani Chambers, 7-B, Kiran Shankar Roy Road,
TOWN/CITY
Mr. Bishwanath Sharma : Member Kolkata
Mr. AkshaySTATE
Goyal : Member West Bengal
COUNTRY NAME India
TELEPHONE(WITH STD CODE) 033-22480150
FAX NUMBER 0657-2200418
EMAIL ADDRESS info@aslindustries.in
WEBSITE, IF ANY : Member www.aslindustries.in
Mr. Akshay Goyal LISTED COMPNAY
vi WETHER : Member Yes (Dated:18.04.2017)
STAKEHOLDER PRINCIPAL BUSINESS

II. RELATIONSHIP ACTIVITY OF THE COMPANY:
COMMITTEE
Mr.ALL
Ashish
THELodha : CONTRIBUTING
BUSINESS ACTIVITIES Chairman 10 % OR MORE OF THE TOTAL TURNOVER OF THE
Mr.COMPANY SHALL
Bishwanath BE STATED:
Sharma : Member
Mr. SL.N NAME
Akshay AND DESCRIPTION
Goyal : OF MAIN
Member NIC CODE OF THE % TO TOTAL TURNOVER OF THE
O. PRODUCTS/SERVICES PRODUCT / SERVICE COMPANY
1 Motor Vehicles Parts 34300 99.57
PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE OR JOINT VENTURE

III.
COMPANIES:
NIL
: 17 :
IV. SHARE HOLDING PATTERN (EQUITY SHARE CAPITAL BREAKUP AS PERCENTAGE OF TOTAL EQUITY)
i. CATEGORY-WISE SHARE HOLDING
NO. OF SHARES HELD AT THE BEGINNING OF THE NO. OF SHARES HELD AT THE END OF THE YEAR CHANGE DURING
CATEGORY OF SHAREHOLDER
YEAR (1.04.2017) (31.03.2018) THE YEAR
% OF TOTAL % OF TOTAL
A. PROMOTER DEMAT PHYSICAL TOTAL DEMAT PHYSICAL TOTAL
SHARES SHARES
1 Indian
a) Individual/ HUF 2515000 - 2515000 33.02 3781500 - 3781500 36.30 3.28
b) Central Govt 0 - - 0.00 0 - - 0.00 -
c) State Govt(s) 0 - - 0.00 0 - 0.00 -
d) Bodies Corp. 3835590 - 3835590 50.36 3612590 - 3612590 34.68 -15.68
e) Banks / FI 0 - - 0.00 0 - - 0.00 -
f) Any other 0 - - 0.00 0 - - 0.00 -
Sub Total A(1) 6350590 6350590 83.37 7394090 7394090 70.98 -12.39
2 Foreign
a) NRI - Individual/ 0 - 0 0.00 0 - 0 0.00 0.00
b) Other - Individual/ 0 - 0 0.00 0 - 0 0.00 0
c) Bodies Corp. 0 - 0 0.00 0 - 0 0.00 0
d) Banks / FI 0 - 0 0.00 0 - 0 0.00 0
e) Any Others 0 - 0 0.00 0 - 0 0.00 0
Sub Total A(2) 0 0 0 0.00 0 0 0 0.00 0.00
Total shareholding of Promoter (A)=
6350590 0 6350590 83.37 7394090 0 7394090 70.98 -12.39
A(1)+A(2)
% OF TOTAL % OF TOTAL
B. PUBLIC SHAREHOLDING DEMAT PHYSICAL TOTAL DEMAT PHYSICAL TOTAL
SHARES SHARES
Institutions
a) Mutual Funds - - - - - - - - -
b) Banks / FI - - - - - - - - -
c) Central Govt - - - - - - - - -
d) State Govt(s) - - - - - - - - -
1 e) Venture Capital Funds - - - - - - - - -
f) Insurance Companies - - - - - - - - -
g) FIIs - - - - - - - - -
h) Foreign Venture Capital Funds - - - - - - - - -
i) Others (specify) - - - - - - - - -
Sub-total (B)(1) 0 0 0 0 0 0 0 0 0
2 Non-Institutions
a) Bodies Corp.
i) Indian - - - - - -
ii) Overseas - - - - - - - - -
b) Individuals - - - - - - - - -
i) Individual shareholders holding
0 0 0.00 348000 - 348000 3.34 3.34
nominal share capital upto Rs. 2 lakh
ii) Individual shareholders holding
nominal share capital in excess of Rs 2 1266500 1266500 16.63 580000 - 580000 5.57 -11.06
lakh
c) Any Other
BODIES CORPORATES 0 - 0 0.00 2095000 - 2095000 20.11 20.11
i. GUINESS SECURITIES LIMITED 0 - 0 0.00 516000 - 516000 4.95 4.95
ii. MONOTYPE INDIA LIMITED 0 - 0 0.00 592000 - 592000 5.68 5.68
iii. BOAST TRADERS PRIVATE LIMITED 0 - 0 0.00 152000 - 152000 1.46 1.46
iv. ARIHANT TRACOM PRIVATE LIMITED 0 - 0 0.00 223000 - 223000 2.14 2.14
v. PAWANPUTRA DEALCOM PRIVATE LIMITED 0 - 0 0 128000 - 128000 1.23 1.23
Sub-total (B)(2) 1266500 0 1266500 16.63 3023000 0 3023000 34.35 34.35
Total Public Shareholding (B)=(B)(1)+
1266500 0 1266500 16.63 1266500 0 3023000 34.35 17.72
(B)(2)
C. Shares held by Custodian for GDRs

& ADRs
Grand Total (A+B+C) 7617090 0 7617090 100 0 10417090 100 0.00
: 18 :

ii SHAREHOLDING OF PROMOTERS
Karvy Selenium
SHAREHOLDING TowerOF B,
AT THE BEGINNING THE Plot 31- SHAREHOLDING AT THE END OF THE YEAR
% OF CHANGE
YEAR (01.04.2017) (31.03.2018)
IN THE
% OF TOTAL % OF SHARES % OF SHARES
SR.NO. SHAREHOLDERS' NAME Nanakramguda,
NO. OF SHARES IN
Hyderabad
PLEDGED TO
– 500 032 NO. OF
% OF TOTAL
PLEDGED TO
SHAREHOLDING
SHARES IN THE DURING THE
SHARES THE TOTAL NO. OF SHARES TOTAL NO. OF YEAR
COMPANY
COMPANY SHARES SHARES
BANKERS: 1 DILIP KUMAR GOYAL AXIS
911000 BANK11.96 LIMITED
0.00 911000 8.75 0.00 -3.21
2 JAYSHREE GOYAL Corporate
632500 Banking,Kolkata-700071
8.30 0.00 632500 6.07 0.00 -2.23
3 AKSHAY GOYAL West
334000 Bengal
4.38 0.00 334000 3.21 0.00 -1.18
4 ANKIT GOYAL 305500 4.01 0.00 305500 2.93 0.00 -1.08
5 SONAM GOYAL 0.00 0.00 505000 4.85 0.00 4.85
6 SUMEDHA GOYAL 0.00 0.00 761500 7.31 0.00 7.31
7 DILIP KUMAR GOYAL ( HUF) 0.00 0.00 332000 3.19 0.00 3.19
8 BOARD
ASL ENTERPRISES LIMITED COMMITTEES
0.00 0.00 3582090 34.39 0.00 34.39
9 ASL VYAPAR PRIVATE LIMITED 0.00 0.00 30500 0.29 0.00 0.29
2183000 28.66 0.00 3781500 36.30 0.00 7.64
AUDIT COMMITEE
iii CHANGE OF PROMOTERS' SHAREHOLDING
SHAREHOLDING AT THE BEGINNING OF THE CUMULATIVE SHAREHOLDING DURING THE
YEAR (01.04.2017) YEAR (31.03.2018) % OF CHANGE
% OF TOTAL % OF SHARES % OF SHARES IN THE
SR.NO. SHAREHOLDERS' NAME % OF TOTAL
Mr. Akshay Goyal : NO. OFMember
SHARES OF PLEDGED TO NO. OF
SHARES OF
PLEDGED TO SHAREHOLDING
SHARES THE TOTAL NO. OF SHARES TOTAL NO. OF DURING THE
THE COMPANY
COMPANY SHARES SHARES YEAR
NO CHANGES
iv TOP Lodha
Mr. Ashish 10 SHAREHOLDERS (OTHER
: THANChairman
PROMOTERS, DIRECTORS, KMPs)
SHAREHOLDING AT THE
SHAREHOLDING AT THE END OF
Mr. Bishwanath Sharma : Member BEGINNING OF THE YEAR
THE YEAR (31.03.2018)
% OF CHANGE
TOP 10 SHAREHOLDERS (OTHER THAN PROMOTERS, (01.04.2017) IN THE
Mr. Akshay Goyal
DIRECTORS, KMPs) : Member % OF TOTAL % OF TOTAL SHAREHOLDING
NO. OF SHARES SHARES IN THE NO. OF SHARES SHARES IN THE DURING THE
COMPANY COMPANY YEAR
1 MONOTYPE INDIA LIMITED 0 0.00 5,92,000 5.68 5.68
STAKEHOLDER RELATIONSHIP
2 GUINESS SECURITIES LIMITED COMMITTEE 0 0.00 5,16,000 4.95 4.95
3 VIPUL SINGH 10250 0.13 0 0.00 -0.13
Mr. Ashish Lodha :
4 ARIHANT TRACOM PRIVATE LIMITED
Chairman 223000 2.93 2.14 0.00
2,23,000
Mr. Bishwanath SharmaTOTAL : Member 0 0.00 13,31,000 12.78 -12.78
: 19 :
V INDEBTEDNESS
INDEBTEDNESS OF THE COMPANY INCLUDING INTEREST OUTSTANDING/ACCRUED BUT NOT DUE FOR
PAYMENT
INDEBTNESS AT THE
SECURED LOANS UNSECURED TOTAL
BEGINNING OF THE FINANCIAL DEPOSITS
EXCLUDING DEPOSITS LOANS INDEBTNESS
YEAR
i) Principal Amount 1953858131 135541619 0 2089399750
ii) Interest accrued but not paid 339069 0 0 339069
iii) Interest accrued but not due 885478 0 0 885478
TOTAL (i+ii+iii) 1955082678 135541619 2090624297
CHANGES DURING THE SECURED LOANS UNSECURED TOTAL
DEPOSITS
FINANCIAL YEAR EXCLUDING DEPOSITS LOANS INDEBTNESS
* Addition 1747273955 0 0 1747273955
** Reduction 0 57961377 0 57961377
NET CHANGE 1747273955 57961377 0 1805235332
INDEBTNESS AT THE END OF SECURED LOANS UNSECURED TOTAL
DEPOSITS
THE FINANCIAL YEAR EXCLUDING DEPOSITS LOANS INDEBTNESS
i) Principal Amount 206584176 77580242 0 284164418

ii) Interest accrued but not paid 0 0 0 0
iii) Interest accrued but not due 9410 0 0 9410
TOTAL (i+ii+iii) 206593586 77580242 0 284173828
: 20 :

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
A. REMUNERATION TOKarvy MANAGING
SeleniumDIRECTOR, WHOLE-TIME
Tower B, Plot 31- DIRECTORS AND/OR
SR. NO. PARTICULARS OF REMUNERATION NAME OF DIRECTORS TOTAL
32, Gachibowli, Financial District, ANKIT GOYAL
1 Gross salary Nanakramguda, Hyderabad – 500 032 2400000 24,00,000
(a) Salary as per provisions contained in
(b) Value of perquisites u/s 17(2) Income-
BANKERS: tax Act, 1961 AXIS BANK LIMITED
Corporate
(c) Profits in lieu of salaryBanking,Kolkata-700071
under section
17(3) Income-West Bengal
tax Act, 1961
2Stock Option
3Sweat Equity
4Commission
- as % of profit
BOARD
- others, COMMITTEES
specify
5 Others, please specify
Total (A) 2400000 24,00,000
Ceiling as per the Act
AUDIT COMMITEE
B. REMUNERATION TO OTHER DIRECTORS
Mr. Ashish
SR.Lodha : OF Chairman
NO. PARTICULARS REMUNERATION NAME OF DIRECTORS TOTAL
1
Mr. Bishwanath Gross salary :
Sharma Member
Mr. Akshay Goyalsection 17(1) of: the Member
Income-tax Act,
1961
tax Act, 1961
(c) Profits in lieu of salary under section
Mr. Ashish Lodha17(3) Income-: tax Act, 1961
Chairman NIL
2 Stock Option
Mr. Bishwanath
3 Sharma
Sweat Equity : Member
4 Commission
Mr. Akshay Goyal- as % of profit: Member
- others, specify
Total (B) COMMITTEE
STAKEHOLDER RELATIONSHIP
Mr. Ashish Lodha
C. REMUNERATION TO: KEY Chairman
MANAGERIAL PERSONNEL
SR. NO. PARTICULARS OF REMUNERATION KMP TOTAL
Company Secretary
Mr. Akshay GoyalGross salary : Member
1
(c) Profits in lieu of salary under section
2 Stock Option
3 Sweat Equity
4 Commission
- as % of profit
- others, specify
Total (B)
VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:
DETAILS OF
SECTION APPEAL
BRIEF PENALTY/ AUTHORITY
OF MADE (IF
TYPE DESCRIPTI PUNISHMENT/ [RD / NCLT/
COMPANIE ANY)
ON COMPOUNDING COURT]
S ACT DETAILS
FEES IMPOSED
A. COMPANY
Penalty
Punishment NIL
Compounding
: 21 :
B. DIRECTORS
Penalty
Punishment NIL
2 Stock Option
3 Sweat Equity
4 Commission
27th Annual Report
- as %2017-18
of profit
- others, specify
Total (B)
VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:
DETAILS OF
SECTION APPEAL
BRIEF PENALTY/ AUTHORITY
OF MADE (IF
TYPE DESCRIPTI PUNISHMENT/ [RD / NCLT/
COMPANIE ANY)
ON COMPOUNDING COURT]
S ACT DETAILS
FEES IMPOSED
A. COMPANY
Penalty
Punishment NIL
Compounding
B. DIRECTORS
Penalty
Punishment NIL
Compounding
C. OTHER OFFICERS IN DEFAULT
Penalty
Punishment NIL
Compounding
ON BEHALF OF THE BOARD OF DIRECTORS
DATE: 30/05/2018 Sd/- Sd/-
PLACE: Kolkata Dilip Kumar Goyal Ankit Goyal
Director Managing Director
DIN: 00033590 DIN: 00201393
: 22 :


West Bengal
BOARD COMMITTEES
AUDIT COMMITEE


: 23 :
: 24 :


West Bengal
BOARD COMMITTEES
AUDIT COMMITEE


: 25 :
: 26 :


West Bengal
BOARD COMMITTEES
AUDIT COMMITEE


: 27 :
: 28 :


West Bengal
BOARD COMMITTEES
AUDIT COMMITEE


: 29 :
: 30 :


West Bengal
BOARD COMMITTEES
AUDIT COMMITEE


: 31 :
: 32 :


West Bengal
BOARD COMMITTEES
AUDIT COMMITEE


: 33 :
: 34 :


West Bengal
BOARD COMMITTEES
AUDIT COMMITEE


: 35 :
: 36 :


West Bengal
BOARD COMMITTEES
AUDIT COMMITEE


: 37 :
: 38 :


West Bengal
BOARD COMMITTEES
AUDIT COMMITEE


: 39 :
: 40 :


West Bengal
BOARD COMMITTEES
AUDIT COMMITEE


: 41 :
: 42 :


West Bengal
BOARD COMMITTEES
AUDIT COMMITEE


: 43 :
: 44 :


West Bengal
BOARD COMMITTEES
AUDIT COMMITEE


: 45 :
: 46 :


West Bengal
BOARD COMMITTEES
AUDIT COMMITEE


: 47 :
: 48 :


West Bengal
BOARD COMMITTEES
AUDIT COMMITEE


: 49 :
: 50 :


West Bengal
BOARD COMMITTEES
AUDIT COMMITEE


: 51 :
: 52 :

ASLFinancial
32, Gachibowli, INDUSTRIES LIMITED
District,
Regd. Office: 7B Punwani
Nanakramguda, Hyderabad – 500 032 Chambers,
Kiran Shankar Roy Road,
Kolkata-700001
Phone: +91-033-22480150
E-mail: info@aslindustries.in
West Bengal
ATTENDENCE SLIP
To be handed over at the entrance of the Meeting Hall

BOARD COMMITTEES Annual general Meeting
AUDIT COMMITEE
Mr. Ashish Lodha
Folio No. /DP ID/ Client: DP Chairman
ID:
Mr. Bishwanath
Number Sharma
of Shares held:: Member
Name of the attended member/Proxy:

I hereby record my presence at the Annual general meeting of ASL Industries Limited held on
8th August, 2018 at 11.30 A.M. at 7B Punwani Chambers, Kiran Shankar Roy Road, Kolkata-700001.

Mr. Ashish Lodha : Chairman …………………………………
Mr. Bishwanath Sharma : Member Member’s/ Proxy’s Signature

(To be signed at the time of handing over the slip)
: 53 :
: 54 :

Regd. Office: 7BKarvy
Punwani Chambers, Kiran
Computershare Pvt.Shankar
Ltd. Roy Road, Kolkata-700001
Phone:
Karvy Selenium +91-033-22480150
Tower B, Plot 31-
E-mail-Financial
32, Gachibowli, info@aslindustries.in
District,
FORM NO. MGT-11
BANKERS: AXIS BANK LIMITED Proxy Form

West
[Pursuant to section 105(6) Bengal
of the Companies Act, 2013 and rule 19(3) of the Companies (Management
and Administration) Rules, 2014]
Name of the member(s):

Registered Address:
E-mail id: BOARD COMMITTEES
Folio No. /Client id:
DP ID:
AUDIT COMMITEE
I/We Lodha
Mr. Ashish ………………………………………………………………………………………………………of
: Chairman
…………………………………………..……. being the member(s) of ASL Industries Ltd. hereby
appoint.......................................................of ……………………………………………….as my/our
proxy to attend and vote (on a poll) for me/us and on my/our behalf at the Annual General Meeting of the
company, to be held on 8th August, 2018 at 11:30 A.M at 7B, Punwani Chamber, Kiran Shankar Roy
Road, Kolkata- 700001 (W.B) and at any adjournment thereof in respect of such resolution as is indicated
below:
Mr. Bishwanath Sharma : Member For Against
Resolution Particulars
Mr. AkshayNo.
Goyal : Member
Ordinary business
Adoption
STAKEHOLDER RELATIONSHIP COMMITTEEof financial statements for the
and approval
01.
year ended 31st March, 2018.
Mr. Ashish Lodha Re-appointment
: Chairman
of Mr. Dilip Kumar Goyal as a
02.
Director.
Ratification of appointment of M/s. S.K Naredi & Co.
Mr. Akshay03.
Goyal Chartered :Accountants
Memberas Statutory Auditor of the
Company.
Signed on this ……….….day of…………………………….……..2018.
Signature of Proxy holder(s)………………… Signature of member: ………………………………….
Note: This form of proxy in order to be effective should

Be duly completed and deposited at the Registered Office
Of the Company, not less than 48 hours before the Affix
Commencement of the Meeting
Revenue
: 55 :
: 56 :
JA Limited
ASL Industries Finance
REGISTRAR & SHARE TRANSFER AGENT: JA Finance

Karvy Computershare Pvt. Ltd. ASL Industries Limited

West Bengal
BOARD COMMITTEES
AUDIT COMMITEE


________________________________________________________________________
ASL Industries
J.A. FINANCE Limited
LIMITED
CIN:
CIN –L36900WB1992PLC099901
L65999WB1993PLC058703
Registered Office: Punwani Chambers, 1st Floor, 7B, Kiran Shankar Roy Road, Kolkata-700 001
Tel No: 033-22482545,
Website- Fax No: 033-22480150
www.aslindustries.in
Visit: www.jafinance.co.in E-mail Id: jaflkolkata@gmail.com
: 57 :

asliAR 2017 2018

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ASL Industries Limited

REGISTRAR & SHARE TRANSFER AGENT:

BANKERS: AXIS BANK LIMITED

Particulars Page No.

AUDIT COMMITEE Notice to Shareholders 5-10

Mr. Ashish Lodha Statement of Profit

Mr. Bishwanath Sharma : Member

CHIEF FINANCIAL OFFICER : Ankit Goyal

COMPANY SECRETARY & COMPLIANCE OFFICER: Simi Sen

REGISTERED OFFICE : ASL Industries Limited

STATUTORYAUDITORS : S.K. NAREDI & Co. (FRN: 003333C)

INTERNAL AUDITORS : Harnathka & Associates

REGISTRAR & SHARE TRANSFER AGENT:

AUDIT COMMITEE BOARD COMMITTEES

REGISTRAR & SHARE TRANSFER AGENT:

Kolkata, 6th July, 2018

2. Corporate members intending to send their authorised representatives to attend the

5. Members/Proxies/authorized representative should bring the duly filled Attendance Slip

8. Members are requested to notify immediately changes, if any, in their registered

REGISTRAR & SHARE TRANSFER AGENT:

STAKEHOLDER RELATIONSHIP COMMITTEE

i. Launch internet browser by typing the URL: https://evoting.karvy.com.

iii. After entering these details appropriately, click on “LOGIN”.

v. Login again with the new credentials.

REGISTRAR & SHARE TRANSFER AGENT:

E-Voting Event Example for NSDL:

Example for CDSL:

Example for Physical:

iii. Member may call Karvy’s toll free number 1800-3454-001.

By order of the Board

Kolkata, 6th July, 2018

REGISTRAR & SHARE TRANSFER AGENT:

AUDIT COMMITEE Particulars 2017-2018 2016-2017

Profit before taxation

Subsidiaries/ Associate/ Joint Venture

Particulars of Loans, Guarantees or Investments bythe Company

Extract of Annual Return

Board of Directors and Key Managerial Personnel

Related Party Transactions

REGISTRAR & SHARE TRANSFER AGENT:

BANKERS: Audit Committee AXIS BANK LIMITED

Name of the Member Designation

Name of the Member Designation

Secretarial Audit and Report

Details in respect of adequacy of internal financial controls with reference to the

REGISTRAR & SHARE TRANSFER AGENT:

BANKERS: Obligation of Company AXIS BANK

For and On behalf of the Board of Directors

REGISTRAR & SHARE TRANSFER AGENT:

STAKEHOLDER PRINCIPAL BUSINESS

PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE OR JOINT VENTURE

C. Shares held by Custodian for GDRs

Grand Total (A+B+C) 7617090 0 7617090 100 0 10417090 100 0.00

REGISTRAR & SHARE TRANSFER AGENT:

Mr. Akshay Goyal : Member

i) Principal Amount 206584176 77580242 0 284164418

REGISTRAR & SHARE TRANSFER AGENT:

REGISTRAR & SHARE TRANSFER AGENT:

BANKERS: AXIS BANK LIMITED

NOMINATION & REMUNERATION COMMITTEE

STAKEHOLDER RELATIONSHIP COMMITTEE

REGISTRAR & SHARE TRANSFER AGENT:

BANKERS: AXIS BANK LIMITED