Multipurpose Trading and Agencies Ltd. is a New Delhi-based public limited company incorporated on **May 24, 2002**. The company is primarily engaged in the **trading of securities** and financial investment activities. Operating as a single-segment entity, the company focuses on the domestic Indian market and is listed on the **Multi Commodity Exchange of India (MCX)**. The organization is currently in a phase of **reinvesting profits** to strengthen its balance sheet and fuel long-term operational stability. --- ### **Strategic Leadership & Continuity Framework (2024–2029)** The company has entered a new five-year strategic block characterized by **leadership continuity** and institutional stability. By renewing the terms of its top executive leadership through **2029**, the company ensures a seamless transition from its previous growth cycle. * **Managing Director Continuity**: **Mr. Ashish Singh** has been re-appointed as **Managing Director** for a **5-year term**, effective from **October 22, 2024**, to **October 21, 2029**. * **Financial Oversight**: **Mr. Rajesh Kumar Choudhary** has been re-appointed as **Chief Financial Officer (CFO)** for a **5-year term** starting **October 2024**. He brings over **16 years of experience** in finance, taxation, and accounts to the role. * **Regulatory Alignment**: Executive compensation and appointments are strictly structured to remain within the limits prescribed under **Sections 196, 197, and 203** of the **Companies Act, 2013**, and **SEBI (LODR) Regulations, 2015**. **Key Management Personnel (KMP) Appointments:** | Position | Appointee | Tenure | Period | | :--- | :--- | :--- | :--- | | **Managing Director** | Mr. Ashish Singh | **5 Years** | Oct 2024 – Oct 2029 | | **Chief Financial Officer** | Mr. Rajesh Kumar Choudhary | **5 Years** | Oct 2024 – Oct 2029 | --- ### **Core Business Model & Operational Focus** The company’s operational model is centered on **cost optimization** and the identification of high-yield opportunities within the financial trading sector. * **Primary Activity**: Trading of securities and strategic financial investments. * **Reporting Structure**: The company operates under a **single business segment**; consequently, segment-wise reporting is not applicable. * **Efficiency Drivers**: Management is increasingly leveraging **automation, digital transformation**, and government initiatives to enhance operational throughput. * **Accounting Standards**: Financial statements are prepared in accordance with **Indian Accounting Standards (Ind AS)** as prescribed under **Section 133** of the Companies Act, 2013. --- ### **Financial Performance & Capital Allocation Strategy** The company maintains a conservative financial strategy, prioritizing **internal accruals** over shareholder payouts to bolster its net worth for future expansion. * **Profit Allocation**: For **FY 2024-25**, the Board has opted to **plough back profits** into business activities. Consequently, the **Dividend Recommended** for the period is **Nil**. * **Reserve Management**: A sum of **Rs. 17,01,820 (approx. Rs. 17.02 Lakhs)** was transferred to the **General Reserve** during the most recent fiscal year. * **Capital Stability**: There have been **no changes** in the **Share Capital structure**, indicating a stable equity base and no dilution of shareholder value in the recent reporting period. **Financial Structure Summary:** | Metric | FY 2024-25 | FY 2023-24 | | :--- | :--- | :--- | | **Dividend Recommended** | **Nil** | **Nil** | | **Transfer to General Reserve** | **Rs. 17,01,820** | Not Specified | | **Share Capital Structure** | **No Change** | **No Change** | --- ### **Governance Structure & Oversight Committees** The Board maintains an optimum balance of executive and non-executive directors to ensure transparency and rigorous regulatory compliance. | Role | Current Composition (as of 2025) | | :--- | :--- | | **Executive Directors** | **2** (including 1 Managing Director and 1 Women Director) | | **Non-Executive Directors** | **1** | | **Non-Executive Independent Directors** | **2** | | **Total Board Strength** | **5 Directors** | **Board Committees:** * **Audit Committee**: Responsible for financial disclosure reliability and quarterly risk assessments. * **Nomination and Remuneration Committee**: Oversees leadership appointments and compensation frameworks. * **Stakeholders Relationship Committee**: Manages investor grievances and shareholder relations. --- ### **Risk Management & Internal Control Systems** The company utilizes a structured **Risk Management Policy** overseen by the **Audit Committee** and the **Board of Directors**. This framework employs a **quarterly review process** to categorize risks based on threat levels, root causes, and potential impacts. * **Regulatory and Legal Risks**: The company manages **ongoing litigations** with various regulatory authorities. Provisions are made only when an outflow of funds is deemed **probable** and a **reliable estimate** can be established. * **Asset Integrity**: Internal controls are designed to ensure the **safeguarding of assets**, prevention of **frauds and errors**, and the **accuracy of accounting records**. * **Estimation Risks**: Periodic reviews are conducted on the **estimated useful lives** of **Property, Plant, and Equipment (PPE)** and **Intangible Assets** at the end of each reporting period. * **Operational Safety**: Regular monitoring is conducted against **statutory regulations** regarding **environmental protection**, **workplace safety**, and the **health of personnel**. --- ### **Market Outlook: Opportunities & Threats** The company identifies several external factors influencing its business stability and growth potential: **Opportunities:** * **Market Demand**: Growing domestic demand and supportive government initiatives for the financial sector. * **Technological Adoption**: Increasing use of technology and sustainable business practices to drive margins. * **Global Trends**: Potential for expansion through global outsourcing and financial service trends. **Threats & Risks:** * **Market Volatility**: Fluctuating raw material prices (where applicable to broader trading) and intense market competition. * **External Disruptions**: Supply chain bottlenecks and geopolitical risks affecting global financial markets. * **Regulatory Environment**: Rapid changes in government policies and evolving regulatory reforms. --- ### **Key Corporate Service Providers** | Service | Provider | | :--- | :--- | | **Statutory Auditor** | **M/s. Karwa and Company**, Chartered Accountants | | **Secretarial Auditor** | **Deepak Somaiya & Co.** | | **Registrar & Share Transfer Agent** | **Skyline Financial Services Pvt. Ltd.** | | **Primary Banker** | **HDFC Bank** |