Sundaram Finance : SAMC Support Services Private Limited(formerly known as Principal Asset Management Private Limited)

SAMC SUPPORT SERVICES PRIVATE LIMITED

(formerly known as Principal Asset Management Private Limited)

SAMC SUPPORT SERVICES

PRIVATE LIMITED

(formerly known as Principal Asset Management Private Limited)

THIRTIETH ANNUAL REPORT

2021-22

Annual Report

1	2021-22

SAMC SUPPORT SERVICES PRIVATE LIMITED

(formerly known as Principal Asset Management Private Limited)

Directors:

Harsha Viji

Sunil Subramaniam

Sritharan Srinivasan Thiruvadi

Company Secretary:

Aditi Bhor

Chief Executive Officer:

Sunil Subramaniam

Chief Financial Officer:

T.S. Sritharan

Auditors:

Suri & Co., Chennai

Registered Office:

Unit 002, Gf, B (West)Wing,

Satellite Gazebo, Andheri-Ghatkopar Link Road,

Chakala,Andheri (East), Mumbai City

Mumbai City Mh 400093

Cin:

U25000mh1991ptc064092

Annual Report

1	2021-22

Contents

Notice	3
Board's Report	6
Auditors' Report	21
Balance Sheet	31
Profit and Loss Statement	32
Cash Flow Statement	33
Notes to the Accounts	36

SAMC SUPPORT SERVICES PRIVATE LIMITED

(formerly known as Principal Asset Management Private Limited)

2

SAMC SUPPORT SERVICES PRIVATE LIMITED

(formerly known as Principal Asset Management Private Limited)

NOTICE OF THE THIRTIETH (30TH)

ANNUAL GENERAL MEETING

Notice is hereby given thatthe Thirtieth (30th) Annual General Meeting of the Members of SAMC Support Services Private Limited (formerly known as Principal Asset Management Private Limited)will be heldon shorter notice on Wednesday, May 18, 2022at 2.00 p.m.at the registered office of the Company, to transact the following business:

ORDINARY BUSINESS

1. To receive, consider, approve and adopt the Audited Balance Sheet as at March 31, 2022, the Profit & Loss Account, the Statement of Receipts and Payments [Cash Flow Statement] for the Financial year ended on March 31, 2022, the Auditors` Report thereon and the Directors' Report & Management Report for the aforesaid period and in this regard, to consider and if thought fit, to pass, with or without modification(s), the following resolutions as Ordinary Resolutions:
   "RESOLVED THAT the audited financial statement of the Company for the financial year ended March 31, 2022 and the reports of the Board of Directors and Auditors thereon, as circulated to the members, be and are hereby considered and adopted."
2. Re-Appointmentof Mr. Harsha Viji, DIN:00602484, as an Additional Director of the Company, liable to retire by rotation and in this regard,to consider and if thought fit, to pass, with or without modification(s), the following resolutions as Ordinary Resolution :
   "RESOLVED THAT, pursuant to the provisions of Section 152 of the Companies ACT, 2013, Mr. Harsha Viji, DIN:00602484, who retires by rotation at this Annual General Meeting, be and is hereby reappointed, and that his period of office be liable to determination by retirement of Directors by rotation.
3. Re - Appointment of Statutory Auditors
   To consider and if thought fit, to pass, with or without modification(s), the following Resolution as an Ordinary Resolution:

"RESOLVED THAT pursuant to the provisions of Sections 139 and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Audit and Auditors) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force), M/s. SURI & Co., Chartered Accountants, (Firm Registration No. 004283S) be and are hereby appointed as Statutory Auditors of the Company for a term of 5 (Five) consecutive years from the conclusion of this Annual General Meeting till the conclusion of the 35th Annual General Meeting of the Company , at such remuneration as shall be mutually agreed upon between the Board of Directors of the Company and the Auditors."

"RESOLVED FURTHER THAT any Director, CEO, CFO or the Company Secretary of the Company are be and hereby severally authorized to do all such acts as may be necessary to give effect to the resolution.

SPECIAL BUSINESS

4. To consider and if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution:

Appointment of MR. HARSHA VIJI (DIN: 00602484), as Director of the Company:

"RESOLVED THAT pursuant to the provisions of Sections 152,160 and any other applicable provisions of the Companies Act, 2013 and the rules made thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force) and Articles of Association of the Company, Mr. Mr. Harsha Viji, (DIN:00602484), who was appointed as Additional Director of the Company with effect from December 31, 2021 and who holds the office up to the date of this Annual General Meeting and who is eligible to be appointed as a Director of the Company, be and is hereby appointed as Director of the Company.

Annual Report

3	2021-22

RESOLVED THAT any Director, CEO, CFO or the Company Secretary of the Company are be and hereby severally authorized to do all such acts, matters, deeds and things as may be necessary or desirable required in this connection or incidental for giving effect to the above resolution."

1. To consider and if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution:
   Appointment of Mr. T.S. Sritharan(DIN:07604247),as Director of the Company:
   "RESOLVED THAT pursuant to the provisions of Sections 152, 160 and any other applicable provisions of the Companies Act, 2013 and the rules made thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force) and Articles of Association of the Company, Mr. T.S. Sritharan (DIN:07604247), who was appointed as Additional Director of the Company with effect from December 31, 2021 and who holds the office upto the date of this Annual General Meeting and who is eligible to be appointed as a Director of the Company, be and is hereby appointed as Director of the Company.
   RESOLVED THAT any Director, CEO, CFO or the Company Secretary of the Company are be and hereby severally authorized to do all such acts, matters, deeds and things as may be necessary or desirable required in this connection or incidental for giving effect to the above resolution."
2. To consider and if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution:

Appointment of Mr. SUNIL SUBRAMANIAM (DIN: 07222050),as Director of the Company:

"RESOLVED THAT pursuant to the provisions of Sections 152 ,160 and any other applicable provisions of the Companies Act, 2013 and the rules made thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force) and Articles of Association of the Company, Mr. Sunil Subramaniam (DIN: 07222050), who was appointed as Additional Director of the Company with effect from December 31, 2021 and who holds the office upto the date of this Annual General Meeting and who is eligible to be appointed as a Director of the Company, be and is hereby appointed as Director of the Company.

RESOLVED THAT any Director, CEO, CFO or the Company Secretary of the Company are be and hereby severally authorized to do all such acts, matters, deeds and things as may be necessary or desirable required in this connection or incidental for giving effect to the above resolution."

By order of the Board of Directors

Ms. Aditi Bhor

Company Secretary

Date:04.05.2022

Place: Mumbai

SAMC Support Services Private Limited

(formerly known as Principal Asset Management Private Limited) CIN: U25000MH1991PTC064092

Unit 002, GF, B(West)Wing, Satellite Gazebo Andheri-Ghatkopar Link Road, Chakala, Andheri (East) - 400093

SAMC SUPPORT SERVICES PRIVATE LIMITED

(formerly known as Principal Asset Management Private Limited)

4