financials

1. Abby Lighting E Switchgeor Ltd
ISO 9001:2015
CIN : U3I2O0N4H200OP LCI?5776
DIRECTORS' REPORT FOR THE FINANCIAL YEAR 2018.19
To,
The Members,
Abby Lighting & Switchgear Ltd.
Mumbai.
Your directors have pleasure in presenting their lgth Annual Report on the business and operations
of the company together with the Audited Statement of Accounts for the year ended 31st March,
2019.
L. Financial Results: (' in Lakhs)
Particulars Year ended 3l't
March 2019
Year ended 31't
March 2018
Turnover '3405.10 '282L.27
Profit/(Loss) before taxation 'L128.6L '804.50
Less: Tax Expense '352.79 '234.38
Profit/(Loss) after tax '775.82 '570.12
Add: Balance B/F from the previous year 0 0
Balance Profit / (Loss) C/F to the next year
-
775.82 '570.12
2. Operating Performance:
During the year the total turnover of Electrical goods amounted to ' 3406.10 Lakhs. This resulted in a
net Profit of '775.82 Lakhs after providing Provision fortax'352.79. This profit along with earlier
balance is carried over to the balance sheet. Looking at the present general market conditfon,
Directors feel that the Company would do better in the ensuring ygar.
,
The Company added many new products during the year. The Company added machinery arid tools
for.increased efficiency of ongoing operations. The Company is planning to manufacturelimport
range of new products/ Light fixtures (without Electricals) & accessories to increase its offering to
the market it sells in.
3. Transfer to reserves:
The company has not transferred any amount to reserves.
4. Dividend:
Your directors do not recommend Dividend for the financial year ended 31't March 2019.
Il
LI
BBY
GHTING
Office 802-A,Fortune Terraces
New link Road,Opp City Mall,
Andheri (W) Mumbai 40O O53 lndia
Foctory: #53/63/70, Genesis lndustriol Estote,
Phose I, Polghor-Boisor Rood,
Kolgoon, Polghor - aAVOA.
Mohoroshtro. lndio.
+ 91 O22 66938030
frontdesk@abbylighting.com
www.abbylighting.com
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@
@
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2. 5.
5. Material Changes between the financial year end and this date of the Report:
There have been no material changes and commitments, if any, affecting the financial position of
the Company which have occurred between the end of the financial year of the Company to
which the financial statements relate and the date of this Report
Significant and material orders passed by the regulators or courts or tribunats impacting the
goingroncern status and Company's future operations:
During the year under review there has been no such significant and material orders passed by
the regulators or courts or tribunals impacting the going concern status and Company,s future
operations.
Subsidiary Company:
As on March 3L,20L9, the Company does not have any subsidiary.
Statutory Auditor & Audit Report:
The Statutory Auditors of the Company, M/s. Hari Arvind & Associates, Chartered Accountants,
Mumbai having Firm Registration Number 128986W shall hold office till the conclusion of the
ensuing Annual General Meeting and are eligible for re-appointment. M/s. Hari Arvind &
Associates, Chartered Accountants, have expressed their willingness to act as the Statutory
Auditors of the Company, and furnished to the Company a certificate that their appointment, if
made, would be in conformity with provisions of Section 139 of Companies Act 2013. The Board
recommends the re-appointment of retiring auditors M/s Hari Arvind& Associates, Chartered
Accountants.
9. Details of directors or key managerial personnel:
There is no change in the details of directors and key managerial personnel of the Company.
10. Fixed Deposits:
The Company has not accepted any Fixed Deposits from public during the financial year.
11. Conservation ofenergy, technologyabsorption, foreign exchange earningsand outgo:
The information on conservation of energy, technology absorption and foreign exchange earnings
and outgo stipulated under Section 134(3) (m) of the Companies Act, 2013 read with Rule, g of
The companies (Accounts) Rules, 201-4,is annexed herewith as "Annexure A,,.
12. Risk Management
The Company has laid down procedures to inform Board members about the risk assessment and
minimization procedures. These procedures are periodically reviewed to ensure that executive
management controls risks through means of a properly defined framework.
13. Disclosure under the Sexual Harassment of Women at Workplace (Prevention, prohibition and
Redressal) Act, 2013: The Company has in place an Antisexual Harassment policy in line with the
requirements of The Sexual Harassment of Women at the Workplace (prevention, prohibition
Prohibition & Redressal) Redressal) Act, 2013. lnternal Complaints Complaints Committee (lCC)
has been set up to redress complaints received regarding sexual harassment. All employees
7.
8.
(permanent, contractual, temporary, trainees) are covered under this policy.

3. 15.
16.
14. Corporate Social Responsibility:
The Company does not fall within purview of Section 135(1) of the Companies Act, 2013 and
hence is not required to constitute CSR Committee or formulate policy on corporate social
responsibility.
Number of meeting of the Board:
During the year 2Ot8-19, the Board of Directors met four times.
Directors' Responsibility Statement:
Pursudltt to the requirement under section L34(3) (C) of the Companies Act, 2013 with respect to
Directors' Responsibility.statement, it is hereby confirmed that:
(i) ln the preparation of the annual accounts for the financial year ended 31st March, 2019, the
applicable accounting standards had been followed along with proper explanation relating to
material departures;
(ii) 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,,2019 and of the profit and loss of the Company
for that period;
(iii) The directors had taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act, 2013 foi
safeguarding the assets of the Company and for preventing and detecting fraud and other
irregularities;
(iv) The directors had prepared the annual accounts on a going concern basis; and
(vi) 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.
17. Declaration by lndependent Directors:
The Company was not required to appoint lndependent Directors under Section 1,49(4) and Rule
4 of the Companies (Appointment and Qualification of Directors) Rules, 2014 hence no
declaration has been obtained.
18. Particulars of loans, guarantees or investments under section lg6:
During the year under review, the Company has not advanced any loans/ given guarantees/
made investments and therefore, the disclosure under this clause is not appllcable.
19. Extract Of The Annual Return ln Form MGT-9:
Pursuant to section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies
(Management and Administration) Rules, 2014, the extract of Annual Return of the Company is
attached herewith- Annexure B
20. Related Party Transactions:
Particulars of contracts or arrangements with related parties referred to in sub-section (I) of
section 188 in the prescribed form AOC-2:
All related party transactions that were entered into during the financial year were on an a
length basis and were in the ordinary course of business.
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4. pursuant to clouse (h) of sub-section (3) of section 134 of the Act ond Rule 8(2) of the Companies
(Accounts) Rules, 2014; the relevant details are provided hereunder: -
1. Details of contracts or arrangements or transactions not at arm's length basis: Nil
2. Details of material contracts or arrangement or transactions at arm's length basis:
21. Acknowledgments:
The Directors express their sincere appreciation to the valued shareholders, employee, bankers and
clients for their support
For and on behalf of the Board of Directors
Place: Mumbai
Date: 28-06-2019
Anupama Bajaj
Director
(DlN:01485889)
,t)
#ry
,/sanjay Bajaj
Director
(DlN:01649538)
0,-f*- hn
Nanie(s) of
the related
party and
nature of
relationship
Nature of
contracts/arran
gement/transac
tions
Duration of
the contracts
I
arrangements
/transactions
Salient terms of
the contracts or
arrangements
or transactions
including the
value, if any:
Date(s) of
approval by
the Board, if
any:
Amount
paid as
advances
, if any:
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5. Annexure “B”
FormNo.MGT-9
EXTRACTOFANNUALRETURNASONTHEFINANCIALYEARENDEDON 31ST
MARCH
2018
[Pursuant to Section92 (3) of the Companies Act, 2013 and Rule12 (1) of the
Companies(Management and Administration)Rules, 2014]
I. REGISTRATIONANDOTHERDETAILS:
i. CIN U31200MH2000PLC125776
ii. Registration Date 11-04-2000
iii. Name of the Company ABBY LIGHTING & SWITCHGEAR LTD
iv. Category/Sub-Category of the Company PUBLIC LIMITED(closely held)
v. Address of the Registered office and contact
details
# 401/2/3, ORBIT INDUSTIAL ESTATE,
OPP. TANGENT, CHINCHOLI BUNDER ROAD
EXTENTION, MALAD (W), MUMBAI
Maharashtra-400064. INDIA
vi. Whether listed company NO
vii. Name, Address and Contact details of
Registrar and Transfer Agent, if any
NOT APPLICABLE

6. II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
All the business activities contributing 10% or more of the total turnover of the Company shall be
stated:-
Sr.
No.
Name and Description of main
products/ services
NIC Code of the
Product/ service
% to total turnover of the
company
1 LIGHT FIXTURES 31506 100%
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES
Sr.
No.
Name And Address Of
The Company
CIN/GLN Holding/
Subsidiary
/Associate
%of
shares
held
Applicable
Section
NIL NIL NIL NIL NIL NIL
IV.
i. Category-wise Share Holding
SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
Category of
Shareholders
No. of Shares held at the
beginning of the year
No. of Shares held at the end
of the year
%
Change
during
The
year
Demat Physical Total % of
Total
Shares
Dem
at
Physical Total % of
Total
Shares
A. Promoter
1) Indian
a) Individual/ HUF NIL 332507 332507 100% NIL 332507 332507 100% NIL

7. b) Central Govt. NIL NIL NIL NIL NIL NIL NIL NIL NIL
c) State Govt(s). NIL NIL NIL NIL NIL NIL NIL NIL NIL
d) Bodies Corp NIL NIL NIL NIL NIL NIL NIL NIL NIL
e) Banks / FI NIL NIL NIL NIL NIL NIL NIL NIL NIL
f) Any Other NIL NIL NIL NIL NIL NIL NIL NIL NIL
Sub-total(A)(1):-
NIL 332507 332507 100% NIL 332507 332507 100% NIL
2) Foreign
g) NRIs-Individuals NIL NIL NIL NIL NIL NIL NIL NIL NIL
h) Other-
Individuals
NIL NIL NIL NIL NIL NIL NIL NIL NIL
i) Bodies Corp. NIL NIL NIL NIL NIL NIL NIL NIL NIL
j) Banks / FI NIL NIL NIL NIL NIL NIL NIL NIL NIL
k) Any Other…. NIL NIL NIL NIL NIL NIL NIL NIL NIL
Sub-total(A)(2):-
NIL NIL NIL NIL NIL NIL NIL NIL NIL
B. Public
Shareholding
1. Institutions
a) Mutual Funds NIL NIL NIL NIL NIL NIL NIL NIL NIL
b) Banks / FI
c) Central Govt NIL NIL NIL NIL NIL NIL NIL NIL NIL
d) State Govt(s)
e) Venture Capital
Funds
NIL NIL NIL NIL NIL NIL NIL NIL NIL
f) Insurance
Companies
g) FIIs NIL NIL NIL NIL NIL NIL NIL NIL NIL
h) Foreign Venture
Capital Funds
i) Others (specify) NIL NIL NIL NIL NIL NIL NIL NIL NIL

8. Sub-total (B)(1)
NIL NIL NIL NIL NIL NIL NIL NIL NIL
2. Non Institutions
a) Bodies Corp.
(i) Indian
(ii) Overseas
NIL NIL NIL NIL NIL NIL NIL NIL NIL
b) Individuals
(i) Individual
shareholders
holding nominal
share capital upto
Rs. 1 lakh
(ii) Individual
shareholders
holding nominal
share capital in
excess of Rs 1 lakh
NIL NIL NIL NIL NIL NIL NIL NIL NIL
c) Others(Specify) NIL NIL NIL NIL NIL NIL NIL NIL NIL
Sub-total(B)(2)
NIL NIL NIL NIL NIL NIL NIL NIL NIL
Total Public
Shareholding
(B)=(B)(1)+ (B)(2)
NIL NIL NIL NIL NIL NIL NIL NIL NIL
C. Shares held by
Custodian for GDRs
& ADRs
NIL NIL NIL NIL NIL NIL NIL NIL NIL
Grand Total
(A+B+C)
NIL 332507 332507 100% NIL 332507 332507 100% NIL

9. ii.Shareholding of Promoters
Sr.
No
Shareholder’s
Name
Shareholding at the beginning of
the year
Shareholding at the end of the year
No. of
Shares
% of total
Shares of
the
Company
%of Shares
Pledged /
encumbered
to total
shares
No. of
Shares
% of total
Shares of
the
company
%of Shares
Pledged /
encumbered
to total
shares
% change
in
shareholdi
ng during
the year
1. Sanjay G Bajaj 1,66,002 49.92% NIL 1,66,002 49.92% NIL 00.00
2. Anupama S
Bajaj
2,001 0.60% NIL 2,001 0.60% NIL 00.00
3. Suresh G Bajaj 1,64,501 49.47% NIL 1,64,501 49.47% NIL 00.00
Total 3,32,504 99.99% NIL 3,32,504 99.99% NIL 00.00
iii.Change in Promoters’ Shareholding
There are no changes in the Promoters’ Shareholding during the year under review.
V. INDEBTEDNESS
Indebtedness of the Company including interest outstanding/accrued but not due for payment -
NIL.

10. VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
A. Remuneration to Managing Director, Whole-time Directors and/or Manager
Sl. No. Particulars of Remuneration
Name of MD/WTD/
Manager
Total
Amount
1. Gross salary
(a)Salary as per provisions contained in
section 17(1) of the Income-tax
Act,1961
(b)Value of perquisites u/s 17(2) Income-
tax Act,1961
(c)Profits in lieu of salary under section
17(3) Income- tax Act,1961
Sanjay
G Bajaj
Anupa
ma S
Bajaj
Sures
h G
Bajaj
N/A ` 1,81,50,000
2. Stock Option NIL NIL NIL NIL NIL
3. Sweat Equity NIL NIL NIL NIL NIL
4. Commission
- as % of profit
- Others, specify…
NIL NIL NIL NIL NIL
5. Others, please specify NIL NIL NIL NIL NIL
6. Total (A) ` 1,81,50,000
Ceiling as per the Act Not
applicable as
the co. is a
private
company

11. B. Remuneration to other directors:
Sl. No. Particulars of Remuneration
Name of MD/WTD/
Manager
Total
Amount
·Fee for attending board committee
meetings
Independent Directors
·Commission
·Others, please specify
NIL NIL NIL NIL NIL
Total(1)
·Fee for attending board committee
meetings
Other Non-Executive Directors
·Commission
·Others, please specify
NIL NIL NIL NIL NIL
Total(2)
Total(B)=(1+2) NIL NIL NIL NIL NIL
Total Managerial Remuneration NIL NIL NIL NIL NIL
Overall Ceiling as per the Act NA NA NA NA NA

12. C. Remuneration to Key Managerial Personnel Other Than MD /Manager /WTD
Sl.
no.
Particulars of
Remuneration
Key Managerial Personnel
CEO Company
Secretary
CFO Total
1. Gross salary
(a)Salary as per provisions
contained in section 17(1)of
the Income-tax Act,1961
(b)Value of perquisites
u/s 17(2) Income-tax
Act,1961
(c)Profits in lieu of salary under
section17(3) Income-tax
Act,1961
NIL NIL NIL NIL
2. Stock Option NIL NIL NIL NIL
3. Sweat Equity NIL NIL NIL NIL
4. Commission
- as % of profit
-Others, specify…
NIL NIL NIL NIL
5. Others, please specify
6. Total NIL NIL NIL NIL

13. VII. PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES:
Type Section of
the
companie
s Act
Brief
descriptio
n
Details of Penalty/
Punishment/Compoundin
g fees imposed
Authority[R
D
/NCLT/Court
]
Appeal
made. If
any(giv
e
details)
A. Company
Penalty
Punishment
Compoundin
g
B. Directors
Penalty
Punishment
Compoundin
g
C. Other Officers In Default
Penalty
Punishment
Compoundin
g
THE COMPANY HAS NOT PAID PENALTY OF ANY AMOUNT TO ANY DEPARTMENT OR OTHERWISE
DURING THE YEAR UNDER REVIEW.