General information about company |
| Scrip code | 526179 |
| NSE Symbol | NOTLISTED |
| MSEI Symbol | NOTLISTED |
| ISIN | INE983C01015 |
| Name of the entity | LUDLOW JUTE AND SPECIALITIES LIMITED |
| Date of start of financial year | 01-04-2024 |
| Date of end of financial year | 31-03-2025 |
| Reporting Quarter Type | Quarterly |
| Date of Quarter Ending | 31-12-2024 |
| Type of company | Equity |
| Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? | Yes | |
| Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? | Yes | |
| Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? | No | The Company, Ludlow Jute & Specialities Limited had not acquired any shares or voting rights in any unlisted company, aggregating to 5% or any subsequent change in holding exceeding 2% in terms of the provisions of Para A(1) of Part A of Schedule III of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015. |
| Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? | Yes | |
| Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? | No | During the relevant quarter, the Company, Ludlow Jute & Specialites Limited, did not have any ongoing tax litigations or disputes, as specified under the provisions of Para B(8) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. |
| Risk management committee | Applicable |
| Market Capitalisation as per immediate previous Financial Year | Any other |
| Is SCORE ID Available ? | Yes |
| SCORE Registration ID | l00081 |
| Reason For No SCORE ID | |
| Type of Submission | Original |
| Remarks (website dissemination) | |
| Remarks for Exchange (not for Website Dissemination) | |
Annexure I |
Annexure I to be submitted by listed entity on quarterly basis |
I. Composition of Board of Directors |
| Disclosure of notes on composition of board of directors explanatory | |
| Whether the listed entity has a Regular Chairperson | Yes |
| Whether Chairperson is related to MD or CEO | No |
| Sr | Title (Mr / Ms) | Name of the Director | PAN | DIN | Category 1 of directors | Category 2 of directors | Category 3 of directors | Date of Birth |
| 1 | Mr | Anand Agarwal | ACSPA8675P | 03121369 | Non-Executive - Independent Director | Chairperson | | 06-09-1976 |
| 2 | Mr | Parimal Gunvantrai Ajmera | AFQPA8865A | 02126225 | Non-Executive - Independent Director | Not Applicable | | 13-10-1966 |
| 3 | Mr | Sanjay Kumar Agarwal | AFIPA0035L | 00320459 | Non-Executive - Non Independent Director | Not Applicable | | 17-01-1965 |
| 4 | Ms | Sruti Sukul | DKHPS6835K | 10794840 | Non-Executive - Non Independent Director | Not Applicable | | 12-12-1987 |
| 5 | Mr | Ashish Chandrakant Agarwal | ADHPA2956R | 10198821 | Executive Director | Not Applicable | MD | 30-06-1972 |
| 6 | Ms | Nayantara Palchoudhuri | AFNPP8462K | 00581440 | Non-Executive - Independent Director | Not Applicable | | 24-06-1962 |
| 7 | Mr | Manoj Mohanka | AEXPM3719F | 00128593 | Non-Executive - Independent Director | Not Applicable | | 05-03-1963 |
I. Composition of Board of Directors |
| Sr | Whether special resolution passed?
[Refer Reg. 17(1A) of Listing Regulations] | Date of passing special resolution | Initial Date of appointment | Date of Re-appointment | Date of
cessation | Tenure of director (in months) | No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) | No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & reg. 17A(2)] | Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) | No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) | Reason for Cessation | Notes for not providing PAN | Notes for not providing DIN |
| 1 | NA | | 30-09-2024 | | | 3 | 2 | 1 | 1 | 1 | | | |
| 2 | NA | | 17-10-2024 | | | 2.14 | 2 | 1 | 1 | 0 | | | |
| 3 | NA | | 30-09-2024 | | | | 1 | 0 | 1 | 1 | | | |
| 4 | NA | | 03-10-2024 | | | | 1 | 0 | 1 | 0 | | | |
| 5 | NA | | 14-06-2023 | | | | 1 | 0 | 1 | 0 | | | |
| 6 | NA | | 24-09-2014 | 28-09-2020 | 17-10-2024 | 117.17 | 6 | 6 | 7 | 0 | Others | | |
| 7 | NA | | 27-01-2022 | | 17-10-2024 | 30.17 | 2 | 2 | 2 | 1 | Others | | |
Nomination and remuneration committee |
| Whether the Nomination and remuneration committee has a Regular Chairperson | Yes | |
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 03121369 | Anand Agarwal | Non-Executive - Independent Director | Member | 30-09-2024 | | |
| 2 | 02126225 | Parimal Gunvantrai Ajmera | Non-Executive - Independent Director | Member | 17-10-2024 | | |
| 3 | 00320459 | Sanjay Kumar Agarwal | Non-Executive - Non Independent Director | Chairperson | 30-09-2024 | | |
| 4 | 00128593 | Manoj Mohanka | Non-Executive - Independent Director | Chairperson | 27-01-2022 | 17-10-2024 | |
| 5 | 00581440 | Nayantara Palchoudhuri | Non-Executive - Independent Director | Member | 30-09-2024 | 17-10-2024 | |
Annexure 1 |
Annexure 1 |
III. Meeting of Board of Directors |
| Disclosure of notes on meeting of board of directors explanatory | |
| Sr. No. | Date(s) of meeting (if any) in the previous quarter | Date(s) of meeting (if any) in the current quarter | Maximum gap between any two consecutive (in number of days) | Notes for not providing Date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors as on date of the meeting | Number of Directors present*
(All directors including Independent Director) | No. of Independent Directors attending the meeting* |
| 1 | 06-08-2024 | | | | Yes | 7 | 7 | 5 |
| 2 | 30-09-2024 | | 54 | | Yes | 5 | 5 | 3 |
| 3 | 30-09-2024 | | 0 | | Yes | 6 | 5 | 3 |
| 4 | | 03-10-2024 | 2 | | Yes | 5 | 5 | 2 |
| 5 | | 17-10-2024 | 13 | | Yes | 5 | 5 | 2 |
| 6 | | 13-11-2024 | 26 | | Yes | 5 | 5 | 2 |
Annexure 1 |
IV. Meeting of Committees |
| Disclosure of notes on meeting of committees explanatory | |
| Sr | Name of Committee | Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) | Maximum gap between any two consecutive (in number of days) | Name of other committee | Reson for not providing date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors in the Committee as on date of the meeting | Number of Directors Present (All Directors including Independent Director) | No. of Independent Directors attending the meeting* | No. of members attending the meeting (other than Board of Directors) |
| 1 | Audit Committee | 06-08-2024 | | | | Yes | 4 | 4 | 4 | 4 |
| 2 | Audit Committee | 13-11-2024 | 98 | | | Yes | 3 | 3 | 2 | 1 |
| 3 | Nomination and remuneration committee | 30-09-2024 | | | | Yes | 3 | 3 | 3 | 3 |
| 4 | Nomination and remuneration committee | 03-10-2024 | 2 | | | Yes | 3 | 3 | 2 | 1 |
| 5 | Nomination and remuneration committee | 17-10-2024 | 13 | | | Yes | 2 | 2 | 1 | 3 |
| 6 | Corporate Social Responsibility Committee | 06-08-2024 | | | | Yes | 4 | 4 | 2 | 4 |
Annexure 1 |
IV. Meeting of Committees |
| Sr | Name of Committee | Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) | Maximum gap between any two consecutive (in number of days) | Name of other committee | Reson for not providing date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors in the Committee as on date of the meeting | Number of Directors Present (All Directors including Independent Director) | No. of Independent Directors attending the meeting* | No. of members attending the meeting (other than Board of Directors) |
| 7 | Corporate Social Responsibility Committee | 13-11-2024 | 98 | | | Yes | 4 | 4 | 1 | 1 |
| 8 | Risk Management Committee | 13-11-2024 | | | | Yes | 2 | 2 | 0 | 1 |
Annexure 1 |
V. Affirmations |
| Sr | Subject | Compliance status (Yes/No) |
| 1 | The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 | Yes |
| 2 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015
a. Audit Committee | Yes |
| 3 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee | Yes |
| 4 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee | Yes |
| 5 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) | NA |
| 6 | The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. | Yes |
| 7 | The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. | Yes |
| 8 | This report and/or the report submitted in the previous quarter has been placed before Board of Directors. | Yes |
Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below: |
| Any Other Information for Disclosure of Imposition of Fine or Penalty | |
| Sr. No. | Name of the authority | Nature and details of the action(s) taken or order(s) passed | Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority | Details of the violation(s)/ contravention(s) committed or alleged to be committed | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible |
| 1 | Bombay Stock Exchange | Under Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a listed entity is required to submit disclosures of related party transactions to the stock exchanges in the format prescribed by the Board and also publish them on its website. However, the company failed to comply with this requirement by not furnishing the disclosures in the prescribed format and within the specified timeline.
In response to this non-compliance, the company has taken corrective action by disclosing the requisite details of related party transactions on the Stock Exchange and the website of the company.
Additionally, BSE has imposed a penalty of Rs. 5,900.00 for the above mentioned non- compliance and the same was paid by the company on 31.12.2024. | 30-12-2024 | Under Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a listed entity is required to submit disclosures of related party transactions to the stock exchanges in the format prescribed by the Board and also publish them on its website. However, the company failed to comply with this requirement by not furnishing the disclosures in the prescribed format and within the specified timeline. | As such no impact occurred on financial, operation or other activities of the listed entity. |