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sejal architectural glass limited - Securities and Exchange Board of ...

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Financial Performance:<br />

Particulars<br />

(Rs. in Lacs)<br />

As <strong>of</strong> March 31,<br />

2005* 2006* 2007*<br />

Trust Corpus 667.00 130.00 189.50<br />

Total income 73.65 115.46 198.65<br />

Excess <strong>of</strong> Income over Expenditure<br />

*Audited<br />

(25.80) (23.94) 37.84<br />

2. Shree Sachhamata Chairitable Trust (Vagad), Mumbai<br />

The “SHREE SACHHAMATA CHAIRITABLE TRUST” was formed on June 19, 2007. The registered <strong>of</strong>fice<br />

<strong>of</strong> the trust is situated in Mumbai or at such place in India as the trustees may decide from time to<br />

time.<br />

Mr. Amrut S. Gada is the managing trustee <strong>of</strong> this trust. The main objects <strong>of</strong> the Trust are to collect<br />

receipts <strong>and</strong> use it for public charitable objects for dhyana, vipashyana, <strong>and</strong> the theory <strong>of</strong><br />

philosophy.<br />

Currently, the trustees <strong>of</strong> the said trust are as follows:<br />

1. Mr. Ravji V. Gada<br />

2. Mr. Virji D. Gada<br />

3. Mr. Harakhch<strong>and</strong> K. Gada<br />

4. Mr. Narshi H. Gada<br />

5. Mr. Murji G. Mota<br />

6. Mr. Amrut S. Gada<br />

7. Mr. Velji M. Gada<br />

Since, the trust is incorporated on June 19, 2007 hence, the first financial year ending for the trust<br />

shall be March 31, 2008.<br />

Conflict <strong>of</strong> Interest:<br />

Except Sejal Glass Craft Private Limited, Sejal International Limited <strong>and</strong> Sejal Float Glass Limited<br />

none <strong>of</strong> our other Group concerns are in the same line <strong>of</strong> business as ours. Further, we have entered<br />

into non-compete agreements with the following Promoter Group Companies/promoted by our<br />

Promoters:<br />

1. Sejal Glass Craft Private Limited dated, November 19, 2007,<br />

2. Sejal International Limited dated, November 19, 2007 <strong>and</strong><br />

3. Sejal Float Glass Limited dated, November 19, 2007.<br />

Under the non-compete agreements the abovementioned Promoter Group concerns/ Entities have<br />

agreed that the operations <strong>and</strong> the markets <strong>of</strong> these companies shall not in any way infringe or<br />

compete with those <strong>of</strong> our Company.<br />

196

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