Global Vectra Helicorp : Annual Report 2020-2021 Download in PDF

ANNUAL REPORT

2020 - 2021

BOARD OF DIRECTORS

Lt. Gen. SJS Saighal (Retd.) (Chairman)

Ms. Rati Rishi

(Non-Executive Director)

Dr. Gautam Sen

(Independent Director)

Maj. Gen. Gurdial Singh Hundal (Retd.) (Independent Director)

Dr. Chandrathil Gouri Krishnadas Nair (Independent Director)

COMPANY SECRETARY

Mr. Raakesh D. Soni

AUDITORS

Kalyaniwalla & Mistry LLP

Chartered Accountants

BANKERS

IndusInd Bank Limited

Standard Chartered Bank

REGISTERED OFFICE

A-54, Kailash Colony,

New Delhi - 110 048

Tel. No.: [phone]

Fax No.: [phone]

CORPORATE OFFICE

Hangar No.- C-He / Hf,

Airports Authority of India,

Civil Aerodrome, Juhu,

Mumbai - 400 056

Tel. No.: [phone]

Fax No.: [phone]

REGISTRAR & TRANSFER AGENTS

Link Intime India Private Limited

C -101, 247 Park, L.B.S Marg,

Vikhroli (West),

Mumbai - 400 083

Tel No.: [phone]

CONTENTS

Notice	01
Directors' Report	09
Management Discussion and Analysis Report	14
Report on Corporate Governance	32
Independent Auditors' Report	41
Balance Sheet	50
Profit and Loss Account	51
Cash Flow Statement	53
Notes to the Financial Statements	55

NOTICE

The Twenty Third ANNUAL GENERAL MEETING of the Global Vectra Helicorp Limited will be held on the Wednesday, 29th day of September, 2021 at 3.30 P.M. IST at Registered Office of the Company at A-54, Kailash Colony, New Delhi - 110 048, India, through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM") ("hereinafter referred to as "electronic mode") to transact the following business:

ORDINARY BUSINESS:

1. To receive, consider and adopt the Audited Profit and Loss Account for the year ended 31st March, 2021 and the
   Balance Sheet as at that date together with the Report of the Directors and the Auditors thereon.
2. To appoint a Director in place of Ms. Rati Rishi, who retires by rotation and is eligible for re-appointment.

	By Order of the Board of Directors
Place:- Mumbai	RAAKESH D.SONI
Date:- August 12, 2021	Company Secretary

NOTES:

1. The Register of Members and Share Transfer Books of the Company will remain closed from Tuesday 28th September, 2021 to Wednesday, 29th September, 2021 (both days
   inclusive).
2. In view of the continuing Covid-19 pandemic, the Ministry of Corporate Affairs ("MCA") has vide its Circular No. 20 dated May 5, 2020 read with Circular No. 14 dated April 8, 2020 and Circular No. 17 dated April 13, 2020 and circular issued if any thereafter from time to time (hereinafter collectively referred to as "MCA Circulars") permitted the holding of Annual General Meeting through VC or OAVM without the physical presence of Members at a common venue. In compliance with these MCA Circulars and the relevant provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Annual General Meeting of the Members of the Company is being held through VC/OAVM.
3. Pursuant to the provisions of the Companies Act, 2013, a Member entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy to attend and vote on his/her behalf and the proxy need not be a Member of the Company. Since this AGM is being held pursuant to the MCA Circulars through VC/OAVM, physical attendance of Members has been dispensed with.
4. Since this AGM is being held through VC/OAVM, physical attendance of the Members has been dispensed with. Accordingly, the facility for appointment of proxies by the Members will not be available for the AGM and hence the Proxy Form, Attendance Slip and Route Map are not annexed to this Notice
5. Attendance of the Members participating in the AGM through VC/OAVM shall be counted for the purpose of reckoning the quorum under Section 103 of the Act.

1. Institutional/Corporate Shareholders (i.e. other than individuals/HUF, NRI, etc) are required to send a scanned copy (PDF/JPEG Format) of its Board Resolution orgoverning body Resolution/Authorisation etc., authorising its representative to attend the Annual General Meeting through VC/OAVM on its behalf and to vote through remote e-voting. The said Resolution/Authorization shall be sent to the Scrutinizer by email through their registered email address to [e-mail] with copies marked to the Company at [e-mail]
2. Members are requested to send all communication relating to shares to the Company's Registrar & Transfer Agent - Link Intime India Private Limited, C -101, 247 Park, L.B.S Marg, Vikhroli (West), Mumbai - 400 083. Members holding shares in electronic mode should address all their correspondence to their respective Depository Participants (DPs).
3. Nomination facility for shares is available for Members. The prescribed format, in this regard, can be obtained from Link Intime (RTA).
4. Pursuant to the Companies (Amendment) Act, 2017 effective from May 07, 2018, the requirement of seeking ratification of the Members for the appointment of the Statutory Auditors has been withdrawn from the Statute. In view of the foregoing amendment, ratification by the Members for continuance of their appointment is not being sought at this AGM.
5. SEBI has mandated the submission of Permanent Account Number (PAN) by every securities market participant. Members holding shares in electronic form are therefore requested to submit their PAN to the DP with whom they maintain their demat accounts. Members holding shares in physical form should submit their PAN to RTA/Company.
6. The Register of Directors and Key Managerial Personnel and their shareholding maintained under Section 170 of the Act and the Register of Contracts or arrangements in which Directors are interested maintained under Section 189 of the Act will be available during the meeting for inspection through the VC facility of Link Intime , to the Members attending the AGM.
7. Members desiring any additional information with regard to Accounts/Annual Report or have any question or query are requested to write to the Company Secretary on the Company's investor email-id [e-mail] , so as to enable the Management to keep the information ready. Please note that, Members questions will be answered only
   if they continue to hold the shares as of Wednesday, September 22nd, 2021 i.e. the 'cutoff' date for e-voting.
8. The voting rights of Shareholders shall be reckoned on the
   paid-up value of shares registered in the name of Shareholders/ Beneficial Owner as on September 22nd,
   2021
9. Registration of email ID and Bank Account details:
   In case the shareholder's email ID is already registered with the Company/its Registrar & Share Transfer Agent "RTA"/Depositories, log in details for e-voting are being sent on the registered email address.

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In case the shareholder has not registered his/her/their email address with the Company/its RTA/Depositories and or not updated the Bank Account mandate for receipt of dividend, the following instructions to be followed:

1. 1. Kindly log in to the website of our RTA, Link Intime India Private Ltd., www.linkintime.co.in under Investor Services > Email/Bank detail Registration - fill in the details and upload the required documents and submit.
      OR
   2. In the case of Shares held in Demat mode:
      The shareholder may please contact the Depository Participant ("DP") and register the email address and bank account details in the demat account as per the process followed and advised by the DP.
2. The Notice of the Annual General Meeting along with the Annual Report for the financial year 2020-2021 is being sent only by electronic mode to those Members whose email addresses are registered with the Company/Depositories in
   accordance with the aforesaid MCA Circulars and circular issued by SEBI dated May 12th, 2020. Members may note
   that the Notice of Annual General Meeting and Annual Report for the financial year 2020-2021 will also be available on the Company's website www.globalhelicorp. com; websites of the Stock Exchanges i.e. National Stock Exchange of India Ltd and BSE Limited at www.nseindia.com and www.bseindia.com respectively. Members can attend and participate in the Annual General Meeting through VC/OAVM facility only.
3. Remote E-voting period starts at Saturday, September 25, 2021 (09.00 A.M. IST) and ends at Tuesday, September 28, 2021 (05.00 P.M. IST). The remove e-voting will be disabled by Link Intime India Private Limited for voting thereafter.
4. Members attending the meeting through VC/OAVM shall be counted for the purposes of reckoning the quorum under Section 103 of the Companies Act, 2013.
5. Instructions for e-voting and joining the Annual General Meeting are as follows:

In addition to the normal Instructions which is provided for e-voting, following Additional points to be included:

Instructions for Shareholders/Members to Attend the Annual General Meeting through InstaMeet:

Instructions for Shareholders/Members to attend the Annual General Meeting through InstaMeet (VC/OAVM) are as under:

1. Shareholders/Members are entitled to attend the Annual General Meeting through VC/OAVM provided by Link Intime by following the below mentioned process. Facility for joining the Annual General Meeting through VC/OAVM shall open 15 minutes before the time scheduled for the Annual General Meeting and will be available to the Members on first come first serve basis.
   Shareholders/Members are requested to participate on first come first serve basis as participation through VC/OAVM is limited and will be closed on expiry of 15 (fifteen) minutes from the scheduled time of the Annual General Meeting. Shareholders/Members with >2% shareholding, Promoters, Institutional Investors, Directors, KMPs, Chair Persons of Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship

Committee and Auditors etc. may be allowed to the meeting without restrictions of first-come-first serve basis. Members can log in and join 15 (fifteen) minutes prior to the schedule time of the meeting and window for joining shall be kept open till the expiry of 15 (fifteen) minutes after the schedule time. Participation is restricted upto 1000 members only.

Shareholders/ Members will be provided with InstaMeet facility wherein Shareholders/ Member shall register their details and attend the Annual General Meeting as under:

1. Open the internet browser and launch the URL for InstaMeet <> and register with your following details:
2. 1. DP ID / Client ID or Beneficiary ID or Folio No.: Enter your 16 digit DP ID / Client ID or Beneficiary ID or Folio Number registered with the Company
   2. PAN: Enter your 10 digit Permanent Account Number (PAN)
   3. Mobile No.
   4. Email ID
3. Click "Go to Meeting" Note:
   Shareholders/ Members are encouraged to join the Meeting through Tablets/ Laptops connected through broadband for better experience.
   Shareholders/ Members are required to use Internet with a good speed (preferably 2 MBPS download stream) to avoid any disturbance during the meeting.
   Please note that Shareholders/Members connecting from Mobile Devices or Tablets or through Laptops connecting via Mobile Hotspot may experience Audio/Visual loss due to fluctuation in their network. It is therefore recommended to use stable Wi-FI or LAN connection to mitigate any kind of aforesaid glitches.
   In case the shareholders/members have any queries or issues regarding e-voting, you can write an email to [e-mail] or Call us: - Tel: [phone])
   Instructions for Shareholders/Members to register themselves as Speakers during Annual General Meeting:
   Shareholders/ Members who would like to express their views/ask questions during the meeting may register themselves as a speaker by sending their request mentioning their name, demat account number/folio
   number, email id, mobile number at ([e-mail]) from September 24th, 2021 at 10.00 a.m. to September 25th,
   2021 at 10.00 a.m.
   The Speakers on first come basis will only be allowed to express their views/ask questions during the meeting. Shareholders/ Members, who would like to ask questions, may send their questions in advance mentioning their name demat account number/folio number, email id, mobile number at ([e-mail]). The same will be replied by the company suitably.
   Note:
   Those shareholders/members who have registered themselves as a speaker will only be allowed to express

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The Company reserves the right to restrict the number of speakers depending on the availability of time for the Annual General Meeting.

Shareholders/ Members should allow to use camera and are required to use Internet with a good speed (preferably 2 MBPS download stream) to avoid any disturbance during the meeting.

Instructions for Shareholders/Members to Vote during the

Annual General Meeting through InstaMeet:

Once the electronic voting is activated by the scrutiniser during the meeting, shareholders/ members who have not exercised their vote through the remote e-voting can cast the vote as under:

1. On the Shareholders VC page, click on the link for e-Voting "Cast your vote".
2. Enter Demat Account No. / Folio No. and OTP (received on the registered mobile number/ registered email Id) received during registration for InstaMeet and click on 'Submit'.
3. After successful login, you will see "Resolution Description" and against the same the option "Favour/ Against" for voting.
4. Cast your vote by selecting appropriate option i.e. "Favour/Against" as desired.
   Enter the number of shares (which represents no. of votes) as on the cut-off date under 'Favour/Against'.
5. After selecting the appropriate option i.e. Favour/Against as desired and you have decided to vote, click on "Save". A confirmation box will be displayed. If you wish to confirm your vote, click on "Confirm", else to change your vote, click on "Back" and accordingly modify your vote.
6. Once you confirm your vote on the resolution, you will not be allowed to modify or change your vote subsequently.
   Note: Shareholders/ Members, who will be present in the Annual General Meeting through InstaMeet facility and have not casted their vote on the Resolutions through remote e-Voting and are otherwise not barred from doing so, shall be eligible to vote through e-Voting facility during the meeting.
   Shareholders/ Members who have voted through Remote e-Voting prior to the Annual General Meeting will be eligible to attend/participate in the Annual General Meeting through InstaMeet. However, they will not be eligible to vote again during the meeting.
   In case the shareholders/members have any queries or issues regarding e-voting, you can write an email to [e-mail] or Call us: - Tel: [phone])

THE INSTRUCTION FOR SHAREHOLDERS FOR REMOTE E-VOTING ARE AS UNDER:

Remote e-Voting Instructions for shareholders post change in the Login mechanism for Individual shareholders holding securities in demat mode, pursuant to SEBI circular dated December 9, 2020:

Pursuant to SEBI circular dated December 9, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode can vote through their demat account maintained with Depositories and Depository Participants only post 9th June, 2021.

Type of	Login Method
shareholders
Individual	•	If you are already registered for NSDL
Shareholders		IDeAS facility, please visit the e-
holding		Services website of NSDL. Open web
securities		browser by typing the following URL:
in demat		https://eservices.nsdl.com either on a
mode with
	Personal Computer or on a mobile.
NSDL
	Once the home page of e-Services is
		launched, click on the "Beneficial
		Owner" icon under "Login" which is
		available under 'IDeAS' section. A new
		screen will open. You will have to enter
		your User ID and Password.
	•	After	successful	authentication, you
		will be able to see e-Voting services.
		Click on "Access to e-Voting" under e-
		Voting services and you will be able to
		see e-Voting page. Click on company
		name or e-Voting service provider
		name and you will be re-directed to e-
		Voting service provider website for
		casting your vote during the remote e-
		Voting period or joining virtual meeting
		& voting during the meeting.
	•	If the user is not registered for IDeAS e-
		Services, option to register is available
		at https://eservices.nsdl.com. Select
		"Register Online for IDeAS "Portal or
		click	at	https://eservices.nsdl.com/
		SecureWeb/IdeasDirectReg.jsp
	•	Visit the e-Voting website of NSDL.
		Open web browser by typing the
		following	URL:	https://www.evoting.
		nsdl.com/ either on a Personal
		Computer or on a mobile. Once the
		home page of e-Voting system is
		launched, click on the icon "Login"
		which is available under 'Shareholder/
		Member' section. A new screen will
		open. You will have to enter your User
		ID (i.e. your sixteen digit demat
		account number hold with NSDL),
		Password/OTP	and a Verification
		Code as shown on the screen. After
		successful authentication, you will be
		redirected to NSDL Depository site
		wherein you can see e-Voting page.
		Click on company name or e-Voting
		service provider name and you will be
		redirected to e-Voting service provider
		website for casting your vote during the
		remote e-Voting period or joining virtual
		meeting & voting during the meeting.

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