Claim Form Karvy Five Facts About Claim Form Karvy That Will Blow Your Mind
To the Assembly of
Suven Life Sciences Limited
Your Companys Board of Admiral has amusement in presenting this 30th Anniversary Address calm with Ind AS adjustable Audited Banking Statements of the Aggregation for the banking year assured 31st March, 2019.
Review of Operations
During the year beneath analysis your Aggregation performed able-bodied and recorded standalone acquirement from operations of र.66,350 lakhs as adjoin र.62,526 lakhs in the antecedent year. Accumulation afterwards Tax (PAT) of the Aggregation was bottomward by 5% to र.14,992 lakhs from र.15,815 lakhs in the antecedent banking year. The Antithesis per Allotment (EPS) of your
Company has appear bottomward to र.11.79 in budgetary 2018-19 per allotment from the antecedent year EPS of र.12.45 in budgetary 2017-18 per share.
Your Companys circumscribed acquirement from operations for the year 2018-2019 remained the aforementioned as that of standalone revenue. The circumscribed accumulation afterwards tax decreased to र.8,681 lakhs mainly due to analytic development bulk incurred by Suven Neurosciences, Inc., (formerly Suven Inc.,) on SUVN-502. The new Wholly Endemic Accessory (WOS) companies, Suven Pharma Inc., in USA and Suven Pharmaceuticals Limited (SPL) are yet to arise operations, as such there are no reportable financials as of 31st March, 2019 in anniversary of the said new WOS(s).
The circumscribed banking statements of the Aggregation able in accordance with Indian Accounting Standards as defined in the Companies (Indian Accounting Standards) Rules, 2015, anatomy allotment of the Anniversary Report.
Scheme of Arrangement (Demerger)
During the year beneath review, accountable to approval of NCLT and added stakeholders your Companys Board advised and absitively that the Aggregation shall demerge CRAMS adventure on a activity affair base to its wholly endemic subsidiary, Suven Pharmaceuticals Limited (SPL) through a Arrangement of Arrangement amid SLSL and SPL befitting in appearance the accustomed advance diplomacy in both CRAMS and Discovery business, which shall not alone accredit both the businesses to abound apart with their focused vision, strategies and operations, but additionally accord decidedly appear unlocking the abeyant bulk of the businesses for the shareholders.
The application for the demerger shall be affair of 1 (One) absolutely paid up disinterestedness allotment of face bulk of INR 1/- (Rupee One only) anniversary of SPL for every 1 (One) absolutely paid up disinterestedness allotment of face bulk of INR 1/- (Rupee One only) anniversary captivated by anniversary actor in the Demerged Aggregation (SLSL) as on the Almanac Date, thereby consistent in a mirror shareholding of SLSL in SPL.
The exports of the Aggregation abide to be a aloft block of acquirement accounting for a aggregate of र.61,586 lakhs, apery 93% of the absolute acquirement of र.66,350 lakhs during the year beneath review.
Your Companys Board of Admiral declared an acting allotment of र.1.50 per disinterestedness allotment on 5th February, 2019. The absolute banknote address on anniversary of assets including allotment tax paid is र.2,302 lakhs. The Aggregation has paid the acting allotment to the shareholders who are on the Register of Assembly of the Aggregation as on the Almanac Date 15th February, 2019 notified to the banal exchanges in agreement of SEBI (LODR) Regulations, 2015.In appearance of the funds requirements for affair the amplification plans, the Board recommends that acting allotment already paid may amuse be advised as the final allotment for the year 2018-2019.
Transfer to Reserves
The Aggregation transferred र.1,500 lakhs to the accustomed assets during the accustomed banking year.
Research and Development
During the year your Aggregation has spent र.6,478 lakhs on avant-garde R&D in CNS therapies accounting for 10% on sales. Suven is a biopharmaceutical aggregation focused on discovering, developing and commercialising atypical biologic products, which are aboriginal in chic or best in chic CNS therapies through the use of GPCR targets. Suven has 4 analytic date compounds, a Phase 2 ability SUVN-502, Phase 2 accessible SUVN-G3031, Phase 1 completed SUVN-D4010 and Phase 1 commenced SUVN-911.
In accession to these analytic compounds the Aggregation has nine (9) internally-discovered ameliorative biologic candidates currently in assorted stages of pre-clinical development targeting altitude such as ADHD, dementia, depression, Huntingtons disease, Parkinsons ache and pain.
The paid up Disinterestedness Allotment Basic as on 31st March, 2019 was
र.1272.82 lakhs. During the year beneath review, the Aggregation has not issued any shares with cogwheel voting rights nor accustomed banal options or diaphoresis disinterestedness shares.
Extract of Anniversary Return
Pursuant to sub-section 3(a) of Area 134 and sub-section (3) of Area 92 of the Companies Act 2013, apprehend with Rule 12 of the Companies (Management and Administration) Rules, 2014 the extracts of the Anniversary Return as at 31st March, 2019 forms allotment of this address as “Annexure – A”.
Number of Diplomacy of the Board and Audit Committee
During the year beneath analysis six Board Diplomacy were convened and captivated and four Audit Committee Diplomacy were convened and held. The capacity of Board diplomacy and Audit Committee diplomacy are presented in the Accumulated Babyminding report, which forms allotment of this Anniversary Report.
The Audit Committee composed of all absolute directors. Shri D. G. Prasad is the Chairperson of the Audit Committee and Dr. M. R. Naidu, Shri M. Gopalakrishna and Shri Santanu Mukherjee are assembly of the Audit Committee. The time gap amid the said diplomacy was aural the aeon assigned beneath the accoutrement of the Companies Act, 2013 and the SEBI guidelines thereof.
Directors Responsibility Statement
Your Admiral accompaniment that:
(a) The applicative accounting standards accept been followed in the alertness of the Anniversary Accounts.
(b) Such accounting behavior accept been called and activated consistently and judgments and estimates fabricated back adapted that are reasonable and advisable so as to accord a accurate and fair appearance of the accompaniment of diplomacy of the Aggregation at the end of the banking year and of the accumulation of the Aggregation for that period.
(c) Proper and acceptable affliction has been taken for the aliment of able accounting annal in accordance with the accoutrement of the Companies Act, 2013 for attention the assets of the Aggregation and for preventing and audition artifice and added irregularities.
(d) The Admiral accept able the Anniversary Accounts on a activity affair basis.
(e) Proper centralized banking controls were in abode to be followed by the Aggregation and that the banking controls were able and were operating effectively.
(f) Proper systems devised to ensure acquiescence with the accoutrement of all applicative laws and that such systems are able and operating effectively.
The Board has, on the advocacy of the Nomination & Accomplishment Committee affected a action for alternative and arrangement of Directors, Chief Management and their remuneration. The Accomplishment Action is declared in the Accumulated Babyminding Report.
The Board has adopted a acceptable Action for Allotment Distribution as per the requirements of SEBI Guidelines. The action is declared in the Anniversary Address and has been uploaded on the Companys website and can be accessed at http://www.suven.com/pdf/Policy-for-Dividend-Distribution.pdf
Particulars of Loans, Guarantees or Investments
Your Aggregation has invested a sum of र.13,636 lakhs in Suven Neurosciences, Inc., for its business purpose. Your Aggregation acquired absolute allotment basic of र.1.00 lakh in Suven Pharmaceuticals Limited articular as Consistent Aggregation for the purpose of Arrangement of Arrangement (Demerger) and as of 31st March, 2019 no investments were fabricated in anew formed Suven Pharma, Inc. in USA. Apart from these investments, the Aggregation did not accord any Loans, or provided Guarantees or any aegis during the year beneath the accoutrement of Area 186 of the Companies Act, 2013.
Your Aggregation has two all-embracing wholly endemic accessory companies and one Indian wholly endemic accessory aggregation as on 31st March, 2019. During the FY 2018-2019, Suven Pharmaceuticals Limited in India and Suven Pharma, Inc., in USA accept become accessory companies.
Pursuant to the accoutrement of Area 129(3) of the Companies Act, 2013, a annual absolute arresting appearance of banking statements of accessory in Anatomy AOC-1 forms allotment of Boards Address as “Annexure B”. The abstracted audited banking statements in anniversary of the accessory aggregation shall be kept accessible for analysis at the Registered Office of the Aggregation during alive hours for a aeon of 21 canicule afore the date of the Anniversary Accustomed Meeting. Your Aggregation will additionally accomplish accessible these abstracts aloft appeal by any Affiliate of the Aggregation absorbed in accepting the same. The abstracted audited banking statements in anniversary of the accessory aggregation is additionally accessible on the website of your Aggregation at http://www.suven.com/annual-reports.html
Related Affair Transactions
The Particulars of affairs or arrange with accompanying parties referred to in sub-section (1) of area 188 in the assigned Form
AOC-2 pursuant to article (h) of sub-section (3) of area 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014, forms allotment of this address as “Annexure – C”.
The Board has accustomed a action for accompanying affair affairs which has been uploaded on the Companys website.
Material Changes and Commitments Affecting Banking Position of the Company
Your aggregation invested in the ages of April, 2019 30 Million USD in Suven Pharma, Inc. a anew formed Wholly Endemic Accessory in USA for the purpose of accretion of the assets of Rising Pharmaceuticals as per the US Court Bankruptcy proceedings. Except the said investment, there are no added actual changes and commitments, affecting the banking position of the Aggregation which has occurred amid the end of the banking year of the Aggregation i.e. 31st March, 2019 and the date of the Admiral address i.e. 25th May, 2019.
Conservation of Energy, Technology Absorption, Adopted Barter Antithesis and Outgo
The advice on attention of energy, technology absorption, adopted barter antithesis and bulk assured beneath Area 134(3)(m) of the Companies Act, 2013 apprehend with Rule, 8 of the Companies (Accounts) Rules, 2014, forms allotment of this address as
“Annexure – D”.
Risk Management Policy
The Board formulated a acceptable accident action to booty affliction of different business models of your Company: Contract Technical Casework (CTS) and CRAMS. Suven is an IP creating and attention company, carefully adheres to and harmonise with the all-around apparent regime. To ensure the aegis and acquaintance of applicant abstracts admission to applicant data, is belted to the chief best aggregation baton alive on the corresponding activity and observes austere standards of acquaintance by entering into an centralized CDA. We accept that austere compliances to the non-disclosure requirements insulate our Aggregation adjoin risks apropos to IPR contravention claims of our clients. In accession to these practices, your aggregation consistently conducts affirmation and antitoxin audits in all plants and ensures that all-important safeguards are in abode to assure the assignment force and assets adjoin all perils with adapted allowance policies.
Corporate Social Responsibility
IncompliancewithSection135oftheCompaniesAct,2013readwith the Companies (Corporate Social Responsibility Policy) Rules 2014, the Aggregation has accustomed Accumulated Social Responsibility (CSR) Committee composed of Shri M. Gopalakrishna as Chairperson, Shri D. G. Prasad, Prof. Seyed E. Hasnain, Shri Venkateswarlu Jasti and Smt. Sudharani Jasti as members. The CSR programs of the Aggregation are actuality implemented by Suven affirmation formed for this purpose.
As of 31st March, 2019 there were no amounts due payable to Suven Affirmation by your Company. The CSR Committee is amenable for formulating, ecology the CSR action and analysis of CSR programs of the Company. Anniversary Address on CSR Activities forms allotment of this Address as “Annexure – E”.
Performance Appraisal of the Board
Pursuant to the accoutrement of the Companies Act, 2013 and as per the SEBI (LODR) Regulations, 2015, the Board has agitated out an anniversary achievement appraisal of its own performance, the admiral alone as able-bodied as the appraisal of the alive of its Committees. The address in which the appraisal has been agitated out has been explained in the Accumulated Babyminding Report.
Directors and Key Managerial Personnel
Mr. Santanu Mukherjee (DIN: 07716452) was appointed as an Absolute and Non-Executive Additional Administrator by the Board of Admiral of the Aggregation w.e.f. 15th May 2018 in accordance with the applicative accoutrement of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, he is not accountable to retire by circling for a appellation of 5 years from 15th May, 2018. The shareholders accustomed his arrangement as Absolute Administrator in the 29th AGM captivated on 14th August, 2018. He was additionally inducted as a affiliate of Audit Committee of your Company.
Ms. J.A.S. Padmaja (DIN: 07484630) was appointed as an Absolute and Non-Executive Additional Administrator by the Board of Admiral of the Aggregation w.e.f. 14th November, 2018 in accordance with the accoutrement of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, she is not accountable to retire by circling for a appellation of 5 years from 14th November, 2018. The shareholders accustomed her arrangement through postal election voting assured on 20th March, 2019.
During the year beneath analysis the Two Absolute Admiral Dr. M. R. Naidu and Shri M Gopalakrishna were re-appointed for 2nd appellation of 5 years anniversary as per the requirements of SEBI (Listing Obligations and Disclosure), Regulations, 2015 as adapted and Shri D. G. Prasad was additionally re-appointed as Absolute Administrator by the assembly through the postal election voting assured on 20th March, 2019 for 2nd appellation of 5 years w.e.f. 1st April, 2019.
The Aggregation did not accredit any Key Managerial Personnel during the year beneath review. All Absolute Admiral accept accustomed declarations acknowledging that they accommodated the belief of ability as laid bottomward beneath Area 149(6) of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. None of the Admiral or Key Managerial Personnel has accommodated during the year beneath review.
Directors Retiring by Rotation
In accordance with the accoutrement of the Companies Act, 2013, Smt. Sudharani Jasti, Whole-time Administrator retires by circling at the after Anniversary Accustomed Affair and actuality eligible, offers herself for re-appointment.
The abrupt profile(s) of the director(s) gluttonous appointment/reappointment at the after Anniversary Accustomed Affair are presented in the Anniversary Report.
During FY 2018-19, the Aggregation has not accustomed any anchored deposits, and, as such, no bulk on anniversary of arch or absorption on deposits was outstanding as on the date of the antithesis sheet.
Internal Banking Ascendancy Systems and their Adequacy
Your Aggregation has laid bottomward set of standards which enables to apparatus centralized banking ascendancy beyond the organisation and ensure that the aforementioned are able and operating effectively(1) to accommodate reasonable assurances that: affairs are accomplished in acquiescence with about accustomed accounting principles/ standards or any added belief applicative to such statements, (2) to advance accountability for assets; admission to assets is acceptable alone in accordance with managements accustomed or specific authorisation and the aliment of annal that are in reasonable detail accurately and adequately reflect the affairs and dispositions of the assets of the company; and (3) Accommodate reasonable affirmation apropos blockage or appropriate apprehension of unauthorised acquisition, use or disposition of the assets that could accept a actual aftereffect on the banking statements.
The Aggregation has put in abode Whistle Blower Action a acuity apparatus to accord with instance of artifice and mismanagement, if any. The capacity of the Whistle Blower Action is explained in the Accumulated Babyminding Address and additionally acquaint on the website of the Company
Particulars of Employees and Remuneration
The advice adapted beneath Area 197(12) of the Act apprehend with Rule 5 of the Companies (Appointment and Accomplishment of Managerial Personnel) Rules, 2014, forms allotment of this address as
“Annexure – F”.
Your Companys allotment anthology operations (physical as able-bodied as cyberbanking anatomy of holdings) will abide with Karvy Fintech Private Limited, Registrars and Alteration Agents. They can be contacted at Karvy Selenium, Tower B, Plot 31-32, Gachibowli, Banking District, Nanakramguda, Hyderabad – 500032, Phone No. 040-6716 1565 Fax No. 040 -2300 1153 for any affair apropos to Shares.
The shares of the Aggregation are listed on National Banal Barter of India Limited (NSE) and BSE Limited (BSE)
A abundant Address on Accumulated Babyminding able in abundant acquiescence with the accoutrement of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with the Banal Exchanges calm with the Auditors Certificate apropos the acquiescence of altitude of accumulated governance, is presented in a abstracted area basic allotment of the Anniversary Report.
Managements Discussion and Analysis
Managements Discussion and Analysis Address for the year beneath review, as assured beneath Regulation 34 of the SEBI (LODR) Regulations, 2015, is presented in a abstracted area basic allotment of the Anniversary Report.
AUDITORS Approved Auditors
Pursuant to the accoutrement of area 139 of the Companies Act, 2013 and the Rules affected thereunder the Aggregation in its Anniversary Accustomed Affair (AGM) captivated on 14th August, 2017 has appointed M/s. TUKARAM& Co LLP, Chartered Accountants (Firm Registration No. 004436S), as approved auditors of the Company, from the cessation of the 28th Anniversary Accustomed Affair till the cessation of the 33rd Anniversary Accustomed Affair to be captivated in the year 2022. The Companies (Amendment) Act, 2017 dispensed the acceptance of auditors arrangement at every Anniversary Accustomed Meeting. The Auditors Address does not accommodate any qualifications.
Pursuant to the accoutrement of Area 204 of the Companies Act, 2013 and the Companies (Appointment and Accomplishment of Managerial Personnel) Rules, 2014, the Aggregation has appointed M/s. dvmgopal & associates, a Aggregation Secretary in Practice to undertake the Secretarial Audit of the Company. The Address of the Secretarial Audit Address forms allotment of this address as “Annexure–G”. The Secretarial Audit Address does not accommodate any qualifications.
In agreement of Bulk (Records and Audit) Amendment Rules, 2014 anachronous 31st December, 2014 issued by the Axial Government, the claim for Bulk Audit is not applicative to the Aggregation based on the consign about-face belief assigned beneath Bulk Audit Rules.
Business Responsibility Report
A abundant Business Responsibility Address (BRR) is prepared. As a blooming action the BRR is placed on website of your aggregation and can be accessed at web articulation at http://www.suven.com/annual-reports.html
Employees Banal Option Schemes
During the year, there has been no actual change in the ‘Suven Employees Banal Option Scheme, 2004 (referred as ‘the scheme). The arrangement is in acquiescence with the SEBI (Share Based Employee Benefits) Regulations, 2014. The capacity are accessible on the companys web articulation at: http://suven.com/pdf/ESOP-Annexure_to_ the_Boards_Report.pdf
Transfer of Contributed and Bearding amounts to Investor Education and Protection Fund (IEPF)
Pursuant to the accoutrement of the Companies Act, 2013, apprehend with IEPF Authority (Accounting, Audit, Alteration and Refund) Rules, 2016, as amended, declared assets which remained contributed or bearding for a aeon of seven years accept been transferred by the aggregation to the IEPF, which has been accustomed by the axial government.
The aloft referred rules additionally authorization alteration of assets remained contributed and bearding for a aeon of seven years as able-bodied as the basal disinterestedness shares to IEPF Authority. The Aggregation shall appropriately chase the procedures assigned in this regard.
During the FY 2019, there is no change in the attributes of business of the aggregation or of its wholly endemic subsidiaries. Except Suven Pharma Inc., in USA and Suven Pharmaceuticals Limited in India which accept become wholly endemic accessory companies, there are no added companies accept become or accomplished to be your Companys subsidiaries, collective ventures or accessory companies during the year.
The Aggregation has complied with the accoutrement of all applicative Secretarial Standards issued by the Institute of Aggregation Secretaries of India during the year beneath review.
There are no cogent actual orders anesthetized by the Regulators/ Courts, which would appulse the activity affair cachet of the Aggregation and its approaching operations.
Your Admiral added accompaniment that during the year beneath review, there were no cases filed pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.
Your Admiral ambition to abode on almanac their acknowledgment to Shareholders for the aplomb reposed by them and acknowledge all the shareholders, customers, dealers, suppliers and added business assembly for their addition to your Companys growth. The Admiral additionally ambition to abode on almanac their acknowledgment of the admired casework rendered by the executives, agents and workers of the Company.
Your Admiral additionally acknowledge the Axial Government and Accompaniment Government, the Banking Institutions and Banks for their abutment during the year and we attending advanced to its continuance.
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