No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investors account. | To lodge complaint with SEBI, Visit   |   KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.   |   Prevent unauthorized transactions in your account – Update your mobile numbers / email ids with your stock brokers. Receive information of your transactions directly from exchange on your mobile / email at the EOD | Filing Complaint on SCORES - QUICK & EASY a) Register on SCORES b) Mandatory details for filing complaints on SCORE - Name, PAN, Email, Address and Mob. no. c) Benefits - speedy redressal & Effective communication   |   BSE Prices delayed by 5 minutes...<< Prices as on Jun 15, 2021 - 3:59PM >>  ABB India 1697  [ 2.29% ]  ACC 2041.6  [ 0.05% ]  Ambuja Cements Ltd. 341.5  [ 0.37% ]  Asian Paints Ltd. 3041.85  [ 3.18% ]  Axis Bank Ltd. 750.75  [ 1.97% ]  Bajaj Auto Ltd. 4135  [ -0.28% ]  Bank of Baroda 85.05  [ 0.00% ]  Bharti Airtel 542.6  [ 0.63% ]  Bharat Heavy Ele 69.65  [ 3.41% ]  Bharat Petroleum 482.05  [ -0.33% ]  Britannia Ind. 3632  [ 1.14% ]  Cairn India Ltd. 285.4  [ 0.90% ]  Cipla 969.6  [ -0.68% ]  Coal India 157.1  [ -1.38% ]  Colgate Palm. 1713.25  [ 1.37% ]  Dabur India 574.75  [ 1.13% ]  DLF Ltd. 308.75  [ 3.23% ]  Dr. Reddy's Labs 5414.9  [ -0.82% ]  GAIL (India) Ltd. 163.1  [ 0.03% ]  Grasim Inds. 1496.6  [ 0.28% ]  HCL Technologies 985.4  [ 0.13% ]  HDFC 2542  [ 0.11% ]  HDFC Bank 1490.1  [ 0.72% ]  Hero MotoCorp 3007.85  [ 0.78% ]  Hindustan Unilever L 2391.15  [ 1.11% ]  Hindalco Indus. 390.85  [ -1.01% ]  ICICI Bank 645.05  [ 1.57% ]  IDFC L 56.5  [ -0.35% ]  Indian Hotels Co 136.4  [ 1.75% ]  IndusInd Bank 1033.55  [ 0.91% ]  Infosys 1472.85  [ 0.78% ]  ITC Ltd. 207.1  [ -0.07% ]  Jindal St & Pwr 422.2  [ -0.68% ]  Kotak Mahindra Bank 1771.6  [ 0.19% ]  L&T 1510.95  [ -0.31% ]  Lupin Ltd. 1186.65  [ -0.50% ]  Mahi. & Mahi 808.9  [ 0.18% ]  Maruti Suzuki India 7162  [ -0.21% ]  MTNL 21.05  [ 0.24% ]  Nestle India 17700  [ 0.71% ]  NIIT Ltd. 274.5  [ -0.49% ]  NMDC Ltd. 180.9  [ -2.61% ]  NTPC 117.9  [ -0.21% ]  ONGC 125.35  [ 0.40% ]  Punj. NationlBak 42.4  [ -1.40% ]  Power Grid Corpo 247.5  [ -0.48% ]  Reliance Inds. 2249.7  [ 0.20% ]  SBI 429.5  [ -0.20% ]  Vedanta 271  [ -1.02% ]  Shipping Corpn. 113.55  [ 1.66% ]  Sun Pharma. 673.2  [ -0.60% ]  Tata Chemicals 744.3  [ 0.83% ]  Tata Consumer Produc 718.85  [ 0.59% ]  Tata Motors Ltd. 352.65  [ -0.94% ]  Tata Steel 1174.45  [ 0.82% ]  Tata Power Co. 122.1  [ -1.09% ]  Tata Consultancy 3262.45  [ -0.42% ]  Tech Mahindra 1065.55  [ -0.34% ]  UltraTech Cement 6660  [ -0.28% ]  United Spirits 653  [ 0.93% ]  Wipro Ltd 557.85  [ -0.67% ]  Zee Entertainment En 230.5  [ 5.66% ]  

Company Information

Indian Indices

  • Loading....

Global Indices

  • Loading....


  • Loading....


  • Loading....


15 June 2021 | 04:00

Industry >> IT Consulting & Software

Select Another Company

ISIN No INE373T01039 52Week High 13 Book Value (Rs.) 1.97 Face Value 2.00
Bookclosure 30/09/2020 52Week Low 9 EPS 0.00 P/E 2,963.33
Market Cap. 21.25 Cr. P/BV 4.51 Div Yield (%) 0.00 Market Lot 1.00


You can view full text of the latest Director's Report for the company.
Year End :2018-03 

Dear Members,

The Director hereby present the 26th Annual Report of the Company for the financial year ended 31st March 2018.


Detailed information on the development of the Company’s activities and the total revenue of the Company for the financial year ended 31st March, 2018 is mentioned in its financial statements attached to this Annual Report.


The Directors regret their inability to recommend dividend for the year under review due to insufficient profit.


The Company, like any other enterprise, is exposed to business risk which can be internal risks as well as external risks. The threats to the segments in which the company operates are volatility in Exchange rate & Metal Prices. The company is concerned about the vide Fluctuations in Copper prices globally and locally and increase in foreign exchange value.


The Company has not accepted deposits covered under Chapter V of the Companies Act, 2013 and accordingly, the disclosure requirements stipulated under the said Chapter are not applicable.


During the year under review, the company has not given any loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013


Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014, except the remuneration to managerial personnel, there is no other related party transactions to be disclosed.


Your Company is pleased to provide the facility to Members to exercise their right to vote by electronic means and had opt for e-voting through CDSL platform.


The details forming part of the extract of the Annual Return in form MGT-9 is annexed herewith elsewhere in the Annual Report.


As on 31st March 2018, there were no Equity Shares of Shareholders were lying in the Escrow Account due to non-availability of the correct particulars.


During the period under review, the Company has reduced the share capital of the Company by reducing the face value of each share from Rs. 5/- to Rs. 2/-. The Company has got the No observation letter from BSE Limited, & SEBI on 23rd July 2018, and the Company is in the process of floating an application to NCLT for its approval.


Your Directors are happy to report that your Company is compliant with the Corporate Governance requirements as per the provision of SEBI (LODR) Regulations 2015. A separate section on Corporate Governance together with a certificate from the Statutory Auditor’s confirming compliance is set out in the Annexure forming part of this report.


A Management Discussion and Analysis Report, has been attached and forms part of the Annual Report.


(a) Conservation of Energy:

The Company is monitoring the consumption of energy and is identifying measures for conservation of energy.

(i) the steps taken by the company for utilizing alternate sources of energy -Nil

(ii) the capital investment on energy conservation equipments - Nil

(b) (i) Technology Absorption, adaptation and innovation:- Indigenous Technology is involved for the manufacturing the products of the Company.

(ii) Research and Development (R & D): No research and Development has been carried out.

(c) Foreign exchange earnings: As per the notes to accounts

(d) Foreign exchange out go: As per the notes to accounts


The Directors are to report that none of the employee was in receipt of remuneration exceeding the limit prescribed under rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014


The provisions of Section 139(2) of the Companies Act 2013 and the Rules made there-under, mandated the Company to rotate its Statutory Auditors and Board of Directors of the Company (on recommendation of Audit Committee) in its meeting held on 1st September 2017, has, (which was ratified by the shareholders in the Annual General meeting to be held on 28th September 2017), approved the appointment of M/s. P C N & Associates., (FRN: 016016S), (formerly M/s. Chandra Babu Naidu & Co.,), Chartered Accountants, as the Statutory Auditors of the Company subject to ratification at every Annual General Meeting.

In this regard, Board of Directors of the Company (on recommendation of Audit Committee) in its meeting held on 1st September 2018, has, proposed to ratify the re-appointment of the said Statutory Auditors from the conclusion from this AGM till the conclusion of next AGM.


Pursuant to the provisions of the Companies Act, 2013 and SEBI (LODR) Regulations 2015, the Board has carried out an annual performance, the directors individually as well as the evaluation of the working of its Audit and Nomination & Remuneration Committees.


The dates on which the above Board meetings were held are mentioned else-where in t his Annual Report


Pursuant to the requirement under Section 134(3)(c)of the Companies Act, 2013, with respect to Directors responsibilities Statement it is hereby confirmed:

a. That in preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures ;

b. That the directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year ended 31st March, 2018 and of the profit and loss of the company for that period;

c. That the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

d. That the directors have prepared the annual accounts on a going concern basis.

e. that proper internal financial controls were in place and that the financial controls were adequate and were operating effectively;

f. that systems to ensure compliance with the provisions of all applicable laws were in place and were adequate and operating effectively.


Material Subsidiary

During the year ended March 31, 2018, the Company does not have any material listed/unlisted subsidiary companies as defined in the Companies Act 2013 & SEBI (LODR) Regulations 2015. The policy on determining material unlisted subsidiary of the Company is approved by the Board of Directors of the company.

Vigil Mechanism

The Board of Directors of the company are committed to maintain the highest standard of honesty, openness and accountability and recognize that employees have important role to play in achieving the goal. As a public company the integrity of the financial matters of the Company and the accuracy of financial information is paramount. The stakeholders of the Company and the financial markets rely on this information to make decisions. For these reasons, the Company must maintain workplace where it can retain and treat all complaints concerning questionable accounting practices, internal accounting controls or auditing matters or concerning the reporting of fraudulent financial information to our shareholders, the Government or the financial markets. The employees should be able to raise these free of any discrimination, retaliation or harassment. Pursuant to the policy, employees are encouraged to report questionable accounting practices to Mrs. G Mani, Chairman of Audit Committee through email or by correspondence through post.

Familiarisation programme for Independent Directors

Pursuant to the provisions of SEBI ( LODR) Regulations 2015, the Company has formulated a programme for familiarising the Independent Directors with the company, their roles, rights, responsibilities in the company, nature of the industry in which the company operates, business model of the company etc through various initiatives.

Key Managerial Personnel

The company has appointed Mr. B Ravi Kumar, Managing Director of the Company as Chief Executive Officer of the Company and Mr. J Nagendra Prasad as Chief Financial Officer of the Company to comply with the provisions of Section 203 of the Companies Act, 2013. The Company is in the process of intimating the same to BSE Limited & ROC in the prescribed manner.

Related Party Transaction

Policy on dealing with Related Party Transactions is approved by the Board

There are no materially significant related party transactions made by the Company with Promoters, Directors, Key Managerial Personnel or other designated persons (except remuneration) which may have a potential conflict with the interest of the Company at large. The same was discussed by the Audit Committee as also the Board. The policy on Related Party Transactions as approved by the Board. None of the Directors has any pecuniary relationships or transactions vis-a-vis the Company.

Internal Financial Controls

The Company has in place adequate internal financial controls with reference to financial statements. Periodic audits are undertaken on a continuous basis covering all the operations i.e., manufacturing, sales & distribution, marketing, finance, etc. Reports of internal audits are reviewed by management from time to time and desired actions are initiated to strengthen the control and effectiveness of the system.

Secretarial Audit

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Secretarial Audit Report is obtained by the company and forms part of this Annual report.

Disclosures pursuant to The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014

1. The Disclosures pursuant to sub-rule (1) of Rule 5 of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are forms part of the Board’s Report.

2. The Disclosures pursuant to sub-rule (2) of Rule 5 of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, in respect of employees of the Company forms part of the Board’s Report.

Remuneration Policy

The Board has, on the recommendation of the Nomination & Remuneration Committee framed a policy for selection and appointment of Directors, Senior Management and their remuneration. The details pertaining to criteria for determining qualifications, positive attributes and independence of a Director and remuneration policy have been provided in Section of the attached Corporate Governance Report.

Significant and Material Orders Passed by the Regulators or Courts

There are no significant material orders passed by the Regulators/Courts which would impact the going concern status of the Company and its future operations

Disclosure Under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013

The Company has in place an Anti Sexual Harassment Policy in line with the requirements of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act 2013. An Internal committee has been set up to redress the complaints received regarding sexual harassment at workplace. All employees including trainees are covered under this policy.


The relationship between the management and the staff was very cordial throughout the year under review. Your Directors take this opportunity to record their appreciation for the cooperation and loyal services rendered by the employees.


Your Directors place on record their appreciation of the continuous assistance and co-operation extended to your Company by the valued customers, bankers, Reserve Bank India, SEBI, Bombay Stock Exchange Limited and all other regulatory Authorities. The Directors also sincerely acknowledge the significant contributions made by all the employees for their dedicated services to the Company.

For and On Behalf of the Board


Place: Hyderabad Sd/- Sd/-

Date : 01.09.2018 Managing Director Director