Super Bakers (India) Limited is an Indian enterprise positioned within the **Flour Milling industry**. Historically focused on the processing of wheat and related products, the company is currently navigating a transitional phase characterized by a long-term suspension of core manufacturing activities. Despite operational pauses, the company maintains a robust corporate governance framework and a strategic focus on future demand for convenience-based food products. --- ### **Operational Status & Product Portfolio** The company operates a streamlined business model focused exclusively on the domestic market. * **Core Business Segment:** The company operates in a **Single Segment** (Flour Milling). * **Product Range:** Primary focus is on **Wheat Flour** and related milling derivatives. * **Operational Suspension:** Core **Wheat Grinding** operations have been suspended since **February 1, 2015**. As of the latest reporting cycles (August 2024/2025), the company continues to report **zero production and sales** of wheat flour. * **Geographic Footprint:** Operations are entirely **Domestic**. The company does not engage in the import of raw materials or the export of finished goods, resulting in **zero foreign exchange risk**. * **Corporate Structure:** The company has **no subsidiaries, associate companies, or joint ventures**. --- ### **Financial Performance & Capital Allocation** In the absence of industrial output, the company generates marginal income through residual activities. Management remains focused on capital conservation to support future working capital needs. | Metric (INR in Lakhs) | FY 2022-23 | FY 2021-22 | | :--- | :--- | :--- | | **Profit Before Interest & Depreciation (PBIDT)** | **46.18** | **45.86** | | **Profit Before Tax (PBT)** | **37.60** | **37.29** | | **Profit After Tax (PAT)** | **27.78** | **28.25** | | **Retained Earnings (to Balance Sheet)** | **80.18** | **52.40** | * **Profitability Trends:** The company achieved a marginal **PBT growth of 0.83%** year-on-year. However, **PAT** saw a slight decline due to **deferred tax provisions** and adjustments. * **Dividend Policy:** The Board has **not recommended a dividend** for the most recent fiscal year, prioritizing the preservation of resources for **working capital**. * **Debt Profile:** As of March 31, 2024, the company reports **zero fixed-rate or floating-rate borrowings**, maintaining a debt-free balance sheet during its operational hiatus. --- ### **Leadership Continuity & Governance Framework** The company has prioritized executive stability and regulatory compliance to oversee its long-term recovery strategy. * **Executive Leadership:** **Mr. Anil S. Ahuja** serves as **Chairman and Managing Director (CMD)**. He has been re-appointed for a three-year term effective **January 1, 2026, through December 31, 2028**, ensuring leadership continuity. * **Board Evolution:** * **Mr. Mann A. Ahuja** was appointed as a **Non-Executive Director** effective **July 23, 2025**. * **Ms. Anal R. Desai** was inducted as an **Independent Director** for a **5-year term** starting **September 1, 2024**. * **Mr. Arvind P. Thakkar** retired from the board in **September 2024**. * **Key Management Personnel (KMP):** Financial oversight is managed by **Mr. Thakur D. Jaswani (CFO)**, with compliance handled by **Ms. Ankita Ameriya (Company Secretary)**. * **Remuneration Policy:** Under **Schedule V of the Companies Act, 2013**, the company is authorized to pay managerial remuneration even in instances of **inadequate profits**, a move designed to retain key talent during volatile periods. --- ### **Risk Management & Internal Controls** The company utilizes a formal **Risk Management Policy** reviewed **quarterly** by the Audit Committee to mitigate operational and financial threats. * **Commodity Price Risk:** Managed through **forward booking**, strategic inventory management, and proactive vendor development to counter fluctuations in wheat prices. * **Credit & Liquidity Risk:** * Credit is managed via internal limits; while operations are suspended, the company maintains that current **committed lines of credit** are sufficient for medium-term needs. * **Impairment Analysis** is conducted client-by-client; no allowances for **doubtful debts** are currently deemed necessary. * **Internal Audit:** An **external firm of Chartered Accountants** serves as internal auditors to safeguard assets and ensure the reliability of financial reporting. * **Asset Protection:** All movable and immovable properties, including **Plant and Machinery**, are fully insured against fire, riots, and malicious damage. --- ### **Market Strategy & Future Outlook** Management’s long-term strategy is predicated on a revival of demand driven by shifting Indian consumer demographics. * **Growth Catalysts:** The company aims to capitalize on the increasing preference for **ready-made food** and the expansion of the **fast food** sector. * **Economic Alignment:** Future growth is tied to general economic recovery and the performance of the **monsoon**, which dictates raw material availability and pricing in the flour milling industry. * **Industrial Relations:** Despite the suspension of activities, relations with personnel are described as **cordial and peaceful**, with no history of strikes or lockouts. --- ### **Shareholder Information & Compliance Status** The company operates with high transparency regarding its equity structure and regulatory obligations. | Metric | Status / Value | | :--- | :--- | | **ISIN** | **INE897A01011** | | **Dematerialization Level** | **86.30%** (as of August 2025) | | **Paid-up Share Capital** | **₹3.02 Crores** | | **Net Worth** | **₹4.05 Crores** | | **Registrar & Transfer Agent** | **Link Intime India Private Limited** | * **Convertible Securities:** The company has **not issued** any GDRs, ADRs, or Warrants. * **Regulatory Exemptions:** Due to its financial size (Paid-up capital < ₹10 Cr and Net Worth < ₹25 Cr), the company is exempt from certain **SEBI (LODR) Regulation 15(2)** requirements, including the submission of **Related Party Transaction** disclosures in **XBRL Mode**. * **Shareholder Engagement:** The company utilizes **Remote e-voting** systems for its Annual General Meetings to ensure transparent participation.