Investor Reletions | Bright Solar Limited

Bright Solar Limited Prospectus

PUBLIC ISSUE OF 54,00,000 EQUITY SHARES OF FACE VALUE OF ` 10 EACH OF BRIGHT SOLAR LIMITED (“BRIGHT” OR THE “COMPANY” OR THE “ISSUER”) FOR CASH AT A PRICE OF ` 36 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF ` 26 PER EQUITY SHARE (THE “ISSUE PRICE”) AGGREGATING TO ` 1944.00 LAKH (“THE ISSUE”), OF WHICH 2,70,000 EQUITY SHARES OF FACE VALUE OF ` 10 EACH FOR CASH AT A PRICE OF ` 36 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF ` 26 PER EQUITY SHARE AGGREGATING TO ` 97.20 LAKH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE “MARKET MAKER RESERVATION PORTION”). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. NET ISSUE OF 51,30,000 EQUITY SHARES OF FACE VALUE OF ` 10 EACH AT A PRICE OF ` 36 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF ` 26 PER EQUITY SHARE AGGREGATING TO ` 1846.80 LAKH IS HEREIN AFTER REFERRED TO AS THE “NET ISSUE”. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.47% AND 25.15% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

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Audit committee

Sr.No	Date of Meeting	Agenda Item
		F.Y 2020-21

1	07.07.2020	To Consider and approve the Audit fee payable to the Statutory Auditor of the company for the F.Y 2020-21

2	07.07.2020	To review and take note of related party transactions for the year ended on March 31, 2020

3	07.07.2020	To grant omnibus approval for the related party transactions proposed to be entered by the company in the F.Y 2020-21

4	07.07.2020	To Consider, approve and recommend to the board Internal Audit report for the F.Y 2019-20

5	07.07.2020	To consider and approve standalone audited financial results and financial statements for the half year/ year ended on march, 2020 together with auditor’s report thereon for the financial year 2019-20.

6	07.07.2020	To consider and recommend re-appointment of m/s. Vcan & co. As internal auditor for f.y 2020-21 to the board.

7	29.06.2020	Reschedule of 1st Audit Committee meeting for approving half yearly and year to date financial results, dividend and other business matter

8	22.06.2020	Notice for 1st Audit Committee meeting or approving half yearly and year to date financial results, dividend and other business matter

		F.Y 2019-20

1	12.11.2019	To Consider and Approve Unaudited Standalone Financial Results for the half-year ended on September 30, 2019.

2	24.05.2019	To give Omnibus approval for related party transactions for the financial year 2019-20

3	24.05.2019	To Approve Standalone Audited financial results for the year ended on 31.03.2019

4	24.05.2019	To Consider, approve and recommend to the Board Internal Audit report for F.Y 2018-19

5	24.05.2019	To Consider and recommend Re-appointment of M/s. VCAN & Co. as Internal Auditor for F.Y 2019-20 to the Board

Compliance Certificates

Annual General Meeting

Sr.No	Date of Meeting	Agenda Item
		F.Y 2021-22

1	27.08.2021	Notice of 11th AGM

2	28.09.2021	Proceedings of 11th Annual General Meeting

3	28.09.2021	Link for downloading 11th AGM recording https://drive.google.com/file/d/1O2RcFF_qk5orBVXJKHhhrS-rU6oRoHIW/view?usp=sharing

		F.Y 2020-21

1	28.09.2020	Link for downloading 10th AGM recording https://drive.google.com/file/d/1KCHgv58lw_S6BB3yTr7ZbkMTJpoE_wHC/view?usp=sharing

2	28.08.2020	Notice of 10th Annual General Meeting

		F.Y 2019-20

1	31.08.2019	Notice to the 9th Annual General Meeting 2019

2	28.09.2019	Proceedings of 9th AGM

		F.Y 2018-19

1	28.09.2018	Proceeding of 8th AGM held on 28th Sep, 2018

2	25.08.2018	Notice to the 8th Annual General Meeting

		F.Y 2022-23

1	01.10.2022	Proceedings of 12th Annual General Meeting

2	08.09.2022	Notice of 12th AGM

3	30.09.2022	Link for downloading 12th AGM recording https://drive.google.com/file/d/1lYvvP810FWKSIZilXBGCB8WGAeGGlygo/view?usp=sharing

Announcements

Sr.No	Date of Announcements	Particulars
		F.Y 2020-21

1	22/02/2021	The Company received work order from Office of the Chief Engineer (PHE) Water, Assam for the work of Implementation of different pipe water supply schemes under Tinsukia & Dibrugarh division amounting of Rs. 12.38 Cr.

2	17/12/2021	The Company received work order from Office of the Chief Engineer (PHE) Water, Assam for the work of Implementation of different pipe water supply schemes under Tinsukia & Dibrugarh division amounting of Rs. 6.87 Cr.

3	19/09/2020	The company has opened a new branch office at Anil Plaza- II, 2nd Floor, ABC, G.S Road, Guwahati-5, Dist. Kamrup (M) Assam

4	19/09/2020	The company get registered as a contractor under Class-1 (A) category with “Office of the Chief Engineer, Irrigation Department of Guwahati, Assam

5	18/09/2020	The company get registered as a contractor under Class-1 (C) category with “Office of the Additional Chief Engineer (PHE) Upper Assam Zone, Nagon i.e. Government of Assam

6	30/05/2020	Received certificate from “EURO CERT” for Occupational Health and Safety Management system which complies with the requirements of ISO 45001-2018.

7	27/05/2020	Started new Water Treatment Plant assembling unit at Begusarai, Bihar

		F.Y 2019-20

1	25/01/2020	Award of “Rooftop Solar EPC Company of the Year- Residential Project (Gold Award)” from “FirstVIEW Group” outstanding achievement in Rooftop Solar Energy Sector.

2	03/12/2019	Received work order for "Supply, erection, installation & commissioning of Solar Photovoltaic Rooftop system- 28KWp" at Kailashnagar, Ahmedabad, Gujarat from Nila Infrastructure Limited.

3	02/12/2019	Received Letter of Intent (LOI) from P.H. Division, Begusarai, Bihar for "Rural Water Supply Scheme" work at Begusarai, Bihar. (Phase V) and Work order from Chief Sugarcane Research Center, Junagarh Agricultural University, Kodinar, Gujarat.

4	19/11/2019	Received Letter of Intent (LOI) from P.H. Division, Begusarai, Bihar for "Rural Water Supply Scheme" work at Begusarai, Bihar. (Phase IV)

5	13/11/2019	Received Letter of Intent (LOI) from P.H. Division, Begusarai, Bihar for "Rural Water Supply Scheme" work at Begusarai, Bihar. (Phase III)

6	10/10/2019	Received Letter of Intent (LOI) from P.H. Division, Begusarai, Bihar for "Rural Water Supply Scheme" work at Begusarai, Bihar. (Phase II)

7	11/09/2019	Letter of Intent from PGVCL, Gujarat for installation of "Solar PV Rooftop System for Residential sector" all over Gujarat.

8	09/09/2019	Received Letter of Intent (LOI) from P.H. Division, Begusarai, Bihar for "Rural Water Supply Scheme" work at Begusarai, Bihar. (Phase I)

9	10/06/2019	Received Letter of Intent (LOI) from BHEL

		F.Y 2018-19

1	22/03/2019	MOU with "POWERTRAC Group"(Local partner, Bangladesh) for Solar project implementation and retail solar business in Bangladesh.

2	16/01/2019	Intimation of BANK rating "CARE BB+ ; Stable" from Care Ratings Ltd.

3	07/03/2019	Participate in the Exhibition organized by “BANGLADESH CLEAN ENERGY SUMMIT” (BCES) an International Seminar and Expo

4	06/03/2019	MOU with VCProject & Infra Pvt. Ltd for work of Water Supply Schemes with Iron Removal Treatment Plant at Begusarai, Bihar.

5	06/03/2019	MOU with VC Projects & Infra Pvt Ltd for SWATCH project, Rajasthan - Phase - 2

6	23/01/2019	Award of “Rooftop Solar EPC Company of the Year- Residential Project” & “Rural Electrification Project of the Year” from “FirstVIEW Group” outstanding achievement in Rooftop Solar Energy Sector.

7	21/01/2019	Arbitration Award

8	10/01/2019	MOU for Solar Water Pump Projects Implementations in India.

9	14/12/2018	Intimation of SME rating "CARE SME 2" from Care Ratings Ltd.

10	01/12/2018	Consortium with M/s. Jai Hanuman Irrigation Ltd

11	01/12/2018	Intimation of Award/ Recognition from "Siliconindia Consultants"

12	19/11/2018	Intimation of Award/ Recognition from "The Economics Times "

13	28/09/2018	Rate Contract with GEDA, Gujarat

14	29/08/2018	Change of Registrar & Share Transfer Agent

15	11/08/2018	Rate Contract with Telangana State Renewable Energy Development Corporation Ltd (TSREDCO)

16	25/07/2018	MOU with VC Projects & Infra Pvt Ltd for SWATCH project, Rajasthan

News Paper Advertisement

Sr.No	Date	Particulars
		F.Y 2020-21

1	03/09/2020	Newspaper Advertisement confirming dispatch of Notice of 10th Annual General Meeting and Annual Report of the company for the financial year 2019-20

		F.Y 2019-20

1	30/12/2019	Newspaper advertisement on Postal Ballot

Policies

Sr.No	Name Of Policies
1	Amended Code of Conduct under SEBI(PIT) Reg., 2015 and Code of Fair Disclosure under SEBI (PIT) Reg., 2015

2	Code of Conduct for Board Members and Senior Management Personnel

3	Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information

4	Code of Conduct to Regulate, Monitor and Report Trading By Insiders

5	Nomination and Remuneration Policy

6	Performance Evaluation policy

7	Policy for Material Events

8	Policy for Preservation of Documents

9	Whistle Blower Policy

10	Policy on Corporate Social Responsibility

11	Terms and Conditions of Independent Directors

12	Policy on Related Party Transactions

13	Policy on Prevention of Sexual Harassment at Workplace

14	Familiarization Programme for Independent Directors

15	Archival Policy

16	Policy for Determining ‘Material’ Subsidiaries

17	Dividend Distribution Policy

Report on Corporate Governance

Unpaid Dividend

Sr.No	Particulars
	F.Y 2020-21

1	List of Unpaid Dividend holder for Final Dividend F.Y 2020-21

	F.Y 2019-20

1	List of Unpaid Dividend holder for Final Dividend F.Y 2019-20

	F.Y 2018-19

1	List of Unpaid Dividend holder for Final Dividend F.Y 2018-19

	F.Y 2017-18

1	List of Unpaid Dividend holder for Final Dividend F.Y 2017-18

Note: for Shareholders

1

The shareholders are requested to kindly deposit Demand Draft/ Banker cheque timely because it has a validity of 3 months from the date of issue.

2

All the shareholders are requested that if you are not in receipt of Final Dividend amount of the F.Y 2017-18 and F.Y 2018-19, then kindly contact us on Mail: compliance@brightsolar.co.in or on Mobile: +91 7229035500 or 079- 48926868.

Board Committee

AUDIT COMMITTEE

Sr.No	Name	Designation	Position In Committee

1	Mr. Viren Makwana	Independent Director	Chairperson

2	Mrs. Shivangi Gajjar	Independent Director	Member

3	Mr. Piyushkumar Babubhai Thumar	Chairman & Managing Director	Member

STAKEHOLDERS RELATIONSHIP COMMITTEE

Sr.No	Name	Designation	Position In Committee

1	Mr. Viren Makwana	Independent Director	Chairperson

2	Mrs. Shivangi Gajjar	Independent Director	Member

3	Mr. Piyushkumar Babubhai Thumar	Chairman & Managing Director	Member

NOMINATION AND REMUNERATION COMMITTEE

Sr.No	Name	Designation	Position In Committee

1	Mr. Viren Makwana	Independent Director	Chairperson

2	Mrs. Shivangi Gajjar	Independent Director	Member

3	Mrs. Jagrutiben Rameshbhai Joshi	Non- Executive Director	Member

Corporate Social Responsibility Committee (CSR Committee)

Sr.No	Name	Designation	Position In Committee

1	Mr. Viren Makwana	Independent Director	Chairperson

2	Mrs. Shivangi Gajjar	Independent Director	Member

3	Ms. Jagrutiben Rameshbhai Joshi	Non-Executive Director	Member

4	Mr. Ajay Raj Singh	Additional Executive- Director	Member

Creditor List

List of Creditors as on 31st March, 2020

Sr.No	Particulars	Amount in lacs
1	MSME Creditors

	i.Sundry Creditors for Goods	3,561,988

	ii. Sundry Creditors for Expenses	11,189,181

	total	14,751,169

2	Creditors other than MSME

	i.Sundry Creditors for Goods	74,628,063

	ii. Sundry Creditors for Expenses	4,596,594

	total	79,224,657

	Total Sundry Creditors	93,975,826.00

Terms of Appointment of Independent Director

1. Terms and Conditions of Appointment of Independent Director

CSR activities

Sr.No	Date of Meeting	Agenda Item
		F.Y 2021-22

1	28/12/2021	Notice of EoGM through Postal Ballot

2	30/01/2022	Extra-Ordinary General Meeting (Postal Ballot) for "Special resolution to consider and approval of sale of undertaking of the company under section 180(1)(a) of the companies act,2013".

3	30/01/2022	Scrutinizer Report dated 31/01/2022 - Postal Ballot for "Special resolution to consider and approval of sale of undertaking of the company under section 180(1)(a) of the companies act,2013."

		F.Y 2020-21

1	20.04.2021	Outcome of EoGM held on 19.04.2021 with Summary of Proceedings, Scrutinizer report and Voting Result

2	22.03.2021	Certificate of Statutory Auditor for Preferential Issue

3	22.02.2021	Notice of 1st EoGM to be held on 19th April, 2021

		F.Y 2019-20

1	Postal Ballot-Notice	General Meeting is to be held through Postal Ballot process

2	Notice dated 19.12.2019	Agenda for this meeting is to change/ modify main object of MOA.

3	Result dated 01.02.2019	Result dated 01.02.2019

4	Result dated 01.02.2020	Result dated 01.02.2020

5	Result dated 01.02.2019	Result dated 01.02.2019

Compilance

Compilance

Note: for Shareholders

AUDIT COMMITTEE

STAKEHOLDERS RELATIONSHIP COMMITTEE

NOMINATION AND REMUNERATION COMMITTEE

Corporate Social Responsibility Committee (CSR Committee)

List of Creditors as on 31st March, 2020

Abhaya Foundation, Hyderabad

Sahaj Marg Spirituality Foundation, Chennai

Bajrang Group, Dhari

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