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DCM Financial Services Ltd. Audit Report / Information 2021

Jun 11, 2021

64106_rns_2021-06-11_da5c9751-06ad-4ff3-adcc-152516f9c707.pdf

Audit Report / Information

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Date: 09/06/2021

The Head- Listing Compliance The Head- Listing Compliance The Manager BSE Limited, National Stock Exchange of The Calcutta Stock Exchange PhirozeJeejeebhoy Towers, India Ltd. Ltd. Dalal Street, Exchange Plaza, 7, Lyons Range, Murgighata, FortMumbai- 400001 Plot no. C/1, G Block, BBD Bagh, Kolkata, West Bandra-Kurla Complex Bengal- 700001 Mumbai - 400 051 Security Code: 511611 Stock Code: DCMFINSERV Scrip Code: 014032

Sub: Annual Secretarial Compliance Report for the year ended 31st March, 2021

Dear Sir/Ma’am,

Pursuant to the provisions of Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith theAnnual Secretarial Compliance Report as issued by M/s.Ojha &Associates, Company Secretaries (ACS No. 29658), for the year ended 31[st ] March, 2021.

You are requested to take the same on record.

Thanking you.

Yours Faithfully,

For DCM Financial Services Limited

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(Shantanu Deveshwar) Whole Time Director DIN: 08268523

Place: New Delhi

Encl: as stated

DCM FINANCIAL SERVICES LIMITED

CIN: L65921DL1991PLC043087 Regd. Office: D 7/3,Okhla Industrial Area-II, New Delhi-110020

Tel-011-26387750

email ID: [email protected] Website: www.dfslonline.com

OJHA& ASSOCIATES

Company Secretaries

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473, Patel Nagar, P.O. Harjinder Nagar, Kanpur-208007 E-Mail: [email protected], Ph. +91-9198069316

Secretarial Compliance Report of DCM Financial Services Limited for the year ended March 31, 2021

We, Ojha & Associates , have examined:

  • (a) all the documents and records made available to us and explanation provided by DCM Financial Services Limited ( “the listed entity” ),

  • (b) the filings/ submissions made by the listed entity to the stock exchanges,

  • (c) website of the listed entity,

  • (d) any other document/ filing, as may be relevant, which has been relied upon to make this certification,

for the year ended March 31, 2021 ( “Review Period” ) in respect of compliance with the provisions of :

  • (a) the Securities and Exchange Board of India Act, 1992 (“ SEBI Act ”) and the Regulations, circulars, guidelines issued thereunder; and

  • (b) the Securities Contracts (Regulation) Act, 1956 ( “SCRA” ), rules made thereunder and the Regulations, circulars, guidelines issued thereunder by the Securities and Exchange Board of India ( “SEBI” );

The Specific Regulations, whose provisions and the circulars/ guidelines issued thereunder, have been examined, include:-

  • (a) Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015;

  • (b) Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018;

  • (c) Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;

  • (d) Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018; Not Applicable for the said review period

  • (e) Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014; Not Applicable for the said review period

  • (f) Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008; Not Applicable for the said review period

OJHA& ASSOCIATES

Company Secretaries

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473, Patel Nagar, P.O. Harjinder Nagar, Kanpur-208007 E-Mail: [email protected], Ph. +91-9198069316

  • (g) Securities and Exchange Board of India(Issue and Listing of Non- Convertible and Redeemable Preference Shares) Regulations,2013; Not Applicable for the said review period

  • (h) Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015;

  • (i) Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 and Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996 as applicable;

and circulars/ guidelines issued thereunder; and based on the above examination, We hereby report that, during the Review Period:

  • (a) The listed entity has complied with the provisions of the above Regulations and circulars/ guidelines issued thereunder, except in respect of matters specified below:-
Sr.
No.		 Compliance Requirement
(Regulations/ circulars/
guidelines including specific
clause)		 Deviations Observations/
Remarks of
the
Practicing
Company
Secretary
1.
Regulation 17(1)(c) of The Composition The company
SEBI(Listing Obligations and of the Board of hadappointed Mr.
Disclosure Requirements) Directors of the Sanjay Sahni
Regulations, 2015-The board of Company was not (Non-Executive
directors of the top 1000 listed as per the Independent
entities (with effect from April 1, requirement of the
Director) & Mr.
2019) and the top 2000 listed Regulation for
 Kaushal Kashyap
entities (with effect from April 1, quarter ended 30th
 (Non-Executive
2020) shall comprise of not less June 2020 & 30th Director) w.e.f. 01st
than six directors. September 2020 September, 2020 to
comply with the
said requirement.
2.
Regulation 23(9) of SEBI(Listing The Company had
The Company had
Obligations and Disclosure not submitted submitted the said
Requirements) Regulations, 2015- disclosures of disclosure on
[The listed entity shall submit related party 20.01.2021& made
within 30 days from the date of transactions on a the compliance
publication of its standalone and consolidated good
consolidated financial results for basiswithin 30
the half year, disclosures of days from the date
related party transactions on a of publication of

OJHA& ASSOCIATES

Company Secretaries

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473, Patel Nagar, P.O. Harjinder Nagar, Kanpur-208007 E-Mail: [email protected], Ph. +91-9198069316

consolidated basis, in the format its standalone and

specified in the relevant		 consolidated
accounting standards for annual financial results for
results to the stock exchanges and
the half year ended
publish the same on its website.] 30thSeptember,
2020

  • (b) The listed entity has maintained proper records under the provisions of the above Regulations and circulars/ guidelines issued thereunder insofar as it appears from my/our examination of those records.

  • (c) The following are the details of actions taken against the listed entity/ its promoters/ directors/ material subsidiaries either by SEBI or by Stock Exchanges (including under the Standard Operating Procedures issued by SEBI through various circulars) under the aforesaid Acts/ Regulations and circulars/ guidelines issued thereunder:

Sr.
No.		 Action
taken by		 Details
of violation		 Details of
action
taken E.g.
fines,
warning
letter,
debarment,
etc.		 Observations/
Remarks of
the
Practicing
Company
Secretary, if
any.
1 National
Stock
Exchange
of India
Limited
(NSE)		 Regulation
17(1)(c) of
SEBI(Listing
Obligations and
Disclosure
Requirements)
Regulations,
2015- Board of
Directors		 Imposing the
Penalty of Rs.
9,02,700/-		 The
Compliance
was made good
and keeping in
view the
unprecedented
and
extraordinary
circumstances
for non-
compliances of
the
Regulations,
the Company
has made an
application for
Waiver of
Penalty

Company Secretaries

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OJHA& ASSOCIATES

473, Patel Nagar, P.O. Harjinder Nagar, Kanpur-208007 E-Mail: [email protected], Ph. +91-9198069316

imposed by the
Exchange vide
its letter dated
September 03,
2020 (for
quarter ended
June 2020) &
November 24,
2020 (for
quarter ended
September,
2020) which
was rejected by
the exchange
vide their letter
dated April 13,
2021. The
Company has
made a fresh
application on
May 10, 2021
for
reconsideration
of Waiver of
Penalty.
2
BSE Limited Regulation 23(9)of Imposing the The Compliance

SEBI(Listing
penalty of Rs.
was made good and
Obligations and 2,12,400/- the Company has
Disclosure made an application
Requirements) vide its letter dated
Regulations, 2015– January 29, 2021
Related Party for Waiver of
Transactions Penalty imposed by
the Exchange.
3
National Regulation 23(9)of Imposing the The Compliance
Stock
SEBI(Listing
penalty of Rs.
was made good and
Exchange of Obligations and 2,12,400/- the Company vide
India Limited
Disclosure		 its letter dated
(NSE) Requirements) January 29, 2021has
Regulations, 2015– made an application
Related Party for Waiver of
Transactions Penalty imposed by
the Exchange. The
Exchange vide its
letter dated May 20,

OJHA& ASSOCIATES

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Company Secretaries

473, Patel Nagar, P.O. Harjinder Nagar, Kanpur-208007 E-Mail: [email protected], Ph. +91-9198069316

2021 have considered the request for waiver of fine as favourable and Waived off the Fine levied on the Company.

  • (d) The listed entity has taken the following actions to comply with the observations made in previous reports:
Sr.
No.		 Observations
of the
Practicing
Company
Secretary in
the previous
reports		 Observations
made
in the
secretarial
compliance
report
for the year
ended March
31, 2020		 Actions taken
by the listed
entity, if any		 Comments
of the
Practicing
Company
Secretary
on the
actions
taken by
the listed
entity
1. Regulation 33
of
SEBI(Listing
Obligations
and
Disclosure
Requirements)
Regulations,
2015-The
company has
not submitted
financial
results for the
quarter ended
30th June,
2019 as per
due date		 The company
has not
submitted
financial
results for the
quarter ended
30th June,
2019 as per
due date		 The company
has submitted
financial
results for the
quarter ended
30th June,
2019 as per
due date but
the Company
is having a
subsidiary and
as per SEBI
(LODR)
(Amendment)
Regulation,
2018 the
Company have
to submit
consolidated
result for June
Quarter also.
The Company
filed again its
Quarterly		 The
Company
has paid the
penalty
after
making the
compliance
good.

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OJHA& ASSOCIATES

Company Secretaries

473, Patel Nagar, P.O. Harjinder Nagar, Kanpur-208007 E-Mail: [email protected], Ph. +91-9198069316

Financial Result after due date.

Date: 11.06.2021 Place: Kanpur For Ojha& Associates,

Company Secretaries Tanay Ojha Digitally signed by Tanay Ojha DN: c=IN, st=Uttar Pradesh, 2.5.4.20=2cd693890517d8eb82780c9dac1e13eae30e0e603b656eca560af262cd5f7792, postalCode=208007, street=473 patel nagarkanpur, pseudonym=be6eb344b5b8abdcdfeeb8e1f30884e2, serialNumber=b8989cbe34f7669b4228ab078240367cc6652f46aed882711b2c2230ff71f047, o=Personal, cn=Tanay Ojha Date: 2021.06.11 17:42:51 +05'30'

Tanay Ojha Company Secretary Membership No.: A29658 C.O.P. No.: 10790

UDIN: A029658C000449517

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