FST Momentum 2022

MOMENTUM CONSTRUCTION PRIVATE LIMITED
106, Gali no.-2, Bhalla Colony, Chheharta AMRITSAR Amritsar PB 143105 IN
DIRECTORS’ REPORT
To,
The Members,
The Board of Directors have pleasure in presenting their Directors’ Report on the business and operations
of the Company and the Accounts for the Financial Year ended March 31, 2022.
1. Financial Performance
Figures in (Rs) Lakhs
As at As at
Particulars st st
31 March 2022 31 March 2021
Net Sales/Income from Business Operations 35.53 82.59
Add: Other Income - -
Total Income 35.53 82.59
Total expenses before depreciation and finance cost 33.13 74.02
Less: Finance Cost - -
Less: Depreciation - -
Profit Before Tax 2.41 8.56
Less: Current Tax - 2.16
Less: Earlier year taxes - 0.26
Net Profit/ (Loss) after Tax 2.41 6.15
Balance to be transferred to Reserve and Surplus 2.41 6.15
2. Change in Nature of Business:
There is no material changes and commitments affecting the financial positions of the Company which
have occurred between the end of the financial year on March 31, 2022 to which the financial
statements relate and the date of the report.
3. Extract of the Annual Return
The details forming part of the Extract of the Annual Return, as required under Section 92 of the
Companies Act, 2013is attached herewith(Annexure-I).
4. Number of Board Meetings held during the year
During the year under review, 5 (Five) Meetings of the Board of Directors were held, details of which are
given below:
S. Date of Total No. of Directors on No. of Directors % of

No. meeting the Date of Meeting attended Attendance
1 19.04.2021 2 2 100%
2 07.07.2021 2 2 100%
3 11.10.2021 2 2 100%
4 17.01.2021 2 2 100%
5 16.03.2022 2 2 100%
5. Directors’ Responsibility Statement
The Directors’ Responsibility Statement referred to in clause (c) of sub-section (3) of Section 134 of the
Companies Act, 2013, shall state that—
(a) in the preparation of the annual accounts, the applicable accounting standards had been followed
along with proper explanation relating to material departures;
(b) 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 at the end of the financial year and of the profit and loss of the
company for that period;
(c) the directors had taken proper and sufficient care for the maintenance of adequate accounting
records in accordance with the provisions of this Act for safeguarding the assets of the company and
for preventing and detecting fraud and other irregularities;
(d) the directors had prepared the annual accounts on a going concern basis; and
(e) 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.
6. Share Capital
Paid-up Share Capital of the Company is Rs. 100,000/- divided into 10,000Equity Shares of Rs. 10/- each.
There were no issue of Equity Shares with Differential Rights, Sweat equity and under any scheme of
Employee Stock Option as per the provisions of the Companies Act, 2013 and Rules made there under.
7. Reserves
The Company transfers the profit of the year under review to the Reserves and Surplus Account of the
Company.
8. Dividend
No dividend was declared for the current financial year under review.
9. 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 the report.
No material changes and commitments affecting the financial position of the Company occurred
between the end of the financial year to which these financial statements relate and the date of this
report.
10.Details of significant and material orders passed by the regulators or courts or tribunals impacting the
going concern status and company’s operations in future.
There were no significant or material orders passed by the regulators or courts or tribunals impacting
the going concern status and Company’s operations in future.
11.Details of Subsidiary/Associate Companies

Your Company does not have any Subsidiary, Associate and Joint Venture.
12.Statutory Auditors
In accordance with the requirements of Section 141 of the Companies Act, 2013 “Krishna Jain &
Associates”is hereby appointed as Statutory Auditor of the Company till the conclusion of the Annual
General Meeting to be held for the Financial Year 2021-2022 subject to ratification by the members at
every Annual General Meeting.
13.Auditors' Report
The Notes on Accounts referred to the Auditors' Report are self-explanatory and do not call for any
further explanation. Auditors have reviewed the financial statements of the Company and believe they
are accurate, complete and accordance with Generally Accepted Accounting Principles.
14.Deposits
During the year under review the Company has not accepted or renewed any deposits under Section 73
to 76 of Companies Act, 2013.
15.Conservation of Energy, Technology Absorption
a) Conservation of Energy: NIL

b) Technology Absorption: NIL
c) Foreign Exchange Earning & Outgo: NIL
16.Risk Management Policy
The Company has developed a Risk Management Policy for dealing with the elements of Risk pertaining
to the Company. The elements of risk threatening the Company’s existence are very minimal.
17.Directors
There is nochange in the Directorship of the company during the year under review:
18.Particulars of Loans, Guarantees or Investments under section 186
The Company has not given any loans or guarantee covered under the provisions of section 186 of the
Companies Act, 2013. No Guarantees has been given by the company neither any investment is made by
the company
19.Particulars of Contracts or Arrangements with Related Parties
The Company has not entered to any transactions with related parties during the year under review
which requires reporting in AOC-2 in terms of Section 188 (1) Companies Act, 2013, read with
Companies (Accounts) Rules, 2014.
20.Details of policy developed and implemented by the company on its Corporate Social Responsibility
Initiatives

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MOMENTUM CONSTRUCTION PRIVATE LIMITED

106, Gali no.-2, Bhalla Colony, Chheharta AMRITSAR Amritsar PB 143105 IN

2. Change in Nature of Business:

3. Extract of the Annual Return

4. Number of Board Meetings held during the year

S. Date of Total No. of Directors on No. of Directors % of

5. Directors’ Responsibility Statement

11.Details of Subsidiary/Associate Companies

15.Conservation of Energy, Technology Absorption

a) Conservation of Energy: NIL

16.Risk Management Policy

18.Particulars of Loans, Guarantees or Investments under section 186

19.Particulars of Contracts or Arrangements with Related Parties

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