Alphageo (India) Ltd Directors Report.

To

The Members

Your Directors are pleased to present the 33rd Annual Report of Alphageo (India) Limited ("the Company") on business and operations of the Company along with the Audited Financial Statements, both standalone and consolidated, for the financial year ended March 31, 2020.

Financial Highlights

The financial performance of the Company for the year ended March 31, 2020, on a Standalone and Consolidated basis, is summarised below: ( in lakhs)

Particulars

Standalone

Consolidated

2019-20 2018-19 2019-20 2018-19
Revenue from Operations 26752 40508 26752 40508
Other Income 375 507 395 508
Total Revenue 27127 41015 27147 41016
Profit Before Finance costs and Depreciation 1987 10664 2315 10745
Finance Cost 251 297 251 298
Depreciation and Amortisation 2685 2682 2835 3201
Profit Before Tax (949) 7685 (771) 7246
Tax Expenses 61 2695 106 2705
Profit After Tax (1010) 4990 (877) 4541
Earnings Per Share of . 10/- each
Basic ( .) (15.87) 78.40 (13.77) 71.35
Diluted ( .) (15.87) 78.40 (13.77) 71.35

COVID-19 and its impact

Consequent to the nationwide lockdown due to COVID-19, the Company had to temporarily suspend its operations as per the directives of the Government and keeping in mind the paramount need of safety of its employees. The emergence of COVID-19 pandemic and the subsequent lockdown during the month of March and the first quarter

-21 has adversely affected the of seismic survey operations as these are the most productive periods for carrying out the seismic services that the Company executes for its clients. This has also of the Company due to non- impacted the fulfilment of the obligations of its clients. The situation created by COVID-19 continues to hold some uncertainties for the future, however, the Management is making all efforts to resume the operations post monsoon.

Operational and Financial Performance

Domestic Operations:

The effect of events that took place beyond the management control including lockdown due to

COVID-19 pandemic, resulted in lesser days during the current financial year. The operation for the year 2019-20 26752is Lakhs

40508 lakhs for the previous year; the before tax as -949 lakhs and the profit/loss after tax of

-1010 lakhs for 2019-20.

The Equity of the Shareholders, on standalone basis is

22710 lakhs as on March 31, 2020 as compared to 24963 lakhs as on March 31, 2019.

Your directors are of opinion that having sizeable executable orders on hand, the Company will strive to achieve the operational and financial performance in forthcoming financial years.

Global Operations:

On a consolidated basis, the operational income for the year 2019-20 is 26752 lakhs against 40508 lakhs for the previous year. The Profit/Loss before Tax for the year 2019-20 is -771 lakhs against 7246 lakhs in the previous year. The Profit/Loss after Tax for the year 2019-20 is -877 lakhs against 4541 lakhs in the previous year.

Share Capital

The paid-up Equity Share Capital of the Company as on March 31, 2020 is 636.48 lakhs comprising of 63,64,767 equity shares of 10 each. During the year under review, the Company has not issued or allotted any shares of the Company. The Company does have any outstanding warrants or any convertible instruments as on March 31, 2020.

Transfer to Reserves

The Company has not transferred/ appropriated any amount to the General Reserve during the year ended March 31, 2020.

Dividend

Pursuant to the approval of Board of Directors on March

6, 2020, the Company declared an interim dividend of

8/- per equity share of 10/- each for the financial year 2019-20. The dividend pay-out for the interim dividend amounted to 5,09,18,136 and dividend distribution tax amounted to 1,04,66,373.

The interim dividend has been paid to all the shareholders who were on the register of members as on March

17, 2020, being the record date fixed for this purpose. The Board has not recommended a final dividend and incomeaccordingly recommends that the interim dividend offrom

8/- declared in March 2020 shall be considered as the profit/loss final dividend for the financial year 2019-20.

Material changes and commitment, if any, affecting financial position of the Company from the end of the financial year till the date of this Report

There has been no material change and commitment, affecting the financial performance of the Company which occurred between the end of the Financial Year of the Company to which the financial statements relate and the date of this Report, except for the impact arising out of COVID-19.

Subsidiaries

Foreign Subsidiaries:

The Company has one 100% owned foreign Subsidiary,

Alphageo International Limited, incorporated in Jebel Ali

Free Zone Area in Dubai and one 100% owned First Level

Step Down Subsidiary, Alphageo DMCC incorporated under Dubai Multi Commodities Center (DMCC)

Regulations.

Indian Subsidiaries:

Alphageo Marine Services Private Limited (AMSPL)

AMSPL was incorporated in the year 2017 for providing marine survey services and aerial geophysical services.

No commercial activities have been carried on by the subsidiary company during the year 2019-20.

Alphageo Offshore Services Private Limited (AOSPL)

AOSPL was incorporated in the year 2018 as wholly-owned subsidiary of the Company for undertaking commercial activities relating to providing geophysical services for offshore and transition zones, and general offshore related services for mining and hydrography.

This subsidiary company has not yet commenced its business operation.

Performance of Subsidiaries:

Pursuant to the provisions of Section 129(3) of the Companies Act 2013, a statement containing the salient features of financial statements of the Companys subsidiaries in Form AOC-1 is annexed as Annexure-I to this report.

In compliance with section 136 of the Companies Act, 2013, the Financial Statements of the Subsidiaries are available on the website of the Company and also will be made available upon the request by any member of the Company.

The Company does not have any Associate or Joint

Venture Companies. Further, the Company has adopted a policy for determining "Material Subsidiary" in terms of Regulation 16(c) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which can be viewed on the Companys website at http://www. alphageoindia.com/Policies.htm. In accordance with the aforesaid regulations, the Company has no material subsidiary as on March 31, 2020.

Consolidated Financial Statements

The Consolidated Financial Statements of the Company and its Subsidiaries for the financial year ended March 31, 2020 prepared in compliance with the Indian Accounting Standards notified under Section 133 the Companies Act, 2013, Section 129(3) of Companies Act, 2013 and

SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015, together with Auditors Report thereon form part of this Annual Report.

Change in the nature of business

The Company continues to be in the business of providing Geophysical Data Acquisition, Processing and Interpretation services and there has been no change in the nature of business of the Company or any of its subsidiaries during the year under review.

Unclaimed Dividend

Section 124 of the Companies Act 2013 read with

Investor Education and Protection Fund Authority

(Accounting, Audit, Transfer and Refund) Rules 2016 (‘the Rules) mandates the Companies to transfer dividend that has remained unpaid/unclaimed for a period of seven years from the unpaid dividend account to the Investor Education and Protection Fund (IEPF).

The details of the unclaimed dividend lying with the Company are available on the website of the Company at the web link: http://alphageoindia.com/Unclaimed%20 Dividends.htm.

Transfer of Unpaid and Unclaimed Amounts to Investor Education and Protection Fund ("IEPF") a) Transfer of Unclaimed Dividend to IEPF:

Pursuant to the provisions of Section 124 of Companies Act, 2013 read with IEPF (Accounting, Audit, Transfer and Refund) Rules 2016, dividends which remain unpaid or unclaimed for a period of seven years from the date of its transfer to unpaid dividend account are required to be transferred by the Company to Investor Education and Protection Fund ("IEPF") established by the Government of

India under the provisions of Section 125 of the Companies Act, 2013.

During the year under review, there is no unclaimed divided required to be transferred to the Account of

IEPF.

b) Transfer of Shares to IEPF:

Section 124(6) of Companies Act, 2013, read with

IEPF (Accounting, Audit, Transfer and Refund)

Rules, 2016, mandates transfer of underlying shares in respect of which dividend has not been paid or claimed for seven consecutive years or more in the name of Investor Education and Protection Fund.

During the year under review, the Company is not required to transfer shares to the IEPF Authority pursuant to the aforesaid rule.

The details of shares transferred to IEPF during the previous years are displayed on the website of the Company. The shareholders whose shares have been transferred to the IEPF Authority can claim their shares from the Authority by following the Refund Procedure as detailed on the website of IEPF

Authority http://iepf.gov.in/IEPF/corporates.html.

Auditors and Audit Reports a) Statutory Auditors:

In terms of the provisions of section 139 of the Companies Act, 2013 read with Companies (Audit and Auditors) Rules, 2014, M/s Majeti & Co. Chartered Accountants, Hyderabad (ICAI

Registration No. 015975S) have been appointed as Statutory Auditors of the Company to hold office from the conclusion of 30th Annual General meeting till the conclusion of 35th Annual General Meeting of the Company to be held in the calendar year 2022.

In accordance with the amendment to the provisions of Section 139 by the Companies Amendment Act 2017, notified on May 7, 2018 by the Ministry of

Corporate Affairs, the appointment of Statutory

Auditors is not required to be ratified by the at every Annual General Meeting.

Audit Report on Financial Statements:

The Statutory Auditors has issued on the Financial Statements of the Company for the year ended March 31, 2020.

Details of Audit Qualification:

"The Company is subjected to the proceedings under section 132 of the Income Tax Act. As per the information and explanations given to us by the Management, consequential impact of the search proceedings, if any, are presently unascertainable and no provision has been made in the standalone financial statements".

Boards Explanation to the qualification in the Audit

Report:

The Company has not received any statement from the IT Officials on the conclusive findings of the search conducted by the Income Tax Department under 132 of the Income Tax Act, 1961 and hence, the consequences of the same is presently unascertainable.

b) Secretarial Auditors:

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and rules thereunder, M/s. D. Hanumanta Raju & Co., Practicing Company Secretaries, Hyderabad were appointed to conduct the secretarial audit of the Company for the year

2019-20. The Secretarial Auditors have issued modified Secretarial Audit Report for the year ended March 31, 2020. The Report issued by them is appended herewith as Annexure II.

Details of Qualification:

The Secretarial Auditors in its Report have mentioned the non-compliance with respect to the composition of Board of Directors, Audit Committee and Nomination and Remuneration Committee as per the Listing Regulations.

Boards Explanation to the

During the quarter ended September 30, 2019, two of the Independent Directors of the Company resigned from the Board resulting in change in the composition of Board. In absence of requisite number of independent directors on the Board of the Company– report

• the composition of Board of Directors was Not in conformity with the provisions of the Companies Act, 2013 and Listing Regulations during the quarter ended September 30, 2019 and December 31, 2019;

• the composition of Audit Committee and

Nomination and Remuneration Committee of the Board were not in conformity with the provisions of the Companies Act, 2013 and

Listing Regulations during the quarter ended September 30, 2019.

However, subsequent to the appointment of independent directors during the year, the composition of Board of Directors, Audit Committee and Nomination and Remuneration Committee are in conformity with the applicable provisions of the

Companies Act, 2013 and Listing Regulations as on March 31, 2020.

c) Cost Audit and Cost Records:

Maintenance of cost records and requirement of cost audit as prescribed under the provisions of

Section 148(1) of the Companies Act, 2013 are applicable for the business activities carried out by the Company.

Directors and Key Managerial Personnel

Appointments and Re-appointments of Directors:

During the year, Mr. Mahendra Pratap and Mr. Vinay

Kumar Verma were appointed as Additional Directors of the Company under Independent category with the approval of the Board effective from October 17, and February 7, 2020 respectively. Their appointment as Independent Directors will be placed in 33rd Annual General Meeting of the Company for the approval of members of the Company.

Resignation:

During the year under review, Mr. Mohanakrishna Reddy Aryabumi, Non-Executive and Independent Director and Mr. Ashwinder Bhel, Non-Executive

Independent Director of the Company resigned from the

Board, effective from July 31, 2019 and August 1, 2019 respectively. The Board places on record its appreciation for the valuable contribution made by them during their association with the Company.

Retirement by Rotation:

Mr. Rajesh Alla, Non-Executive Director retired by rotation has been re-appointed as Director of the Company at the 32nd Annual General Meeting held on September 30, 2019.

Further, as per the provisions of Section 152(6) of Companies Act, 2013 and in terms of the Articles of Association of the Company, Mr. Rajesh Alla retires by rotation at the ensuing Annual General Meeting and being eligible, seeks re-appointment. The recommends his re-appointment for the approval of Members.

Particulars of Remuneration to Directors and Key Managerial Personnel:

Particulars of Remuneration to Directors and Key not Managerial Personnel as required under section 197(12) of the Act read with Rule 5(1) of Companies (Appointment and Remuneration of Managerial Personnel) Rules,

2014 as amended are given in Annexure-III and forms part of this Report.

Changes in Key Managerial Personnel:

During the year, Mr. Sesham Purushotham has been appointed as Chief Financial Officer of the Company with effect from September 15, 2019 with approval of the Board in place of Mr. Venkatesa Perumallu Pasumarthy, erstwhile Chief Financial Officer who tendered his resignation effective from September 14, 2019.

Board and Committee Meetings

The details of the composition of the Board and its Committees and the number of meetings held and attendance of Directors at such meetings are provided in the Corporate Governance Report, which forms part of the Annual Report.

Audit Committee

The Audit Committee of the Board, currently headed by an Independent Director as Chairperson meets at regular intervals to discharge its terms of reference effectively and efficiently. During the year under review, there were no instances where recommendations of the

Audit Committee were not accepted by the Board.

Directors Responsibility Statements under Section 134 of the Companies Act, 2013

Pursuant to the requirement under Section 134 of the Companies Act, 2013 with respect to Directors Responsibility Statement, it is hereby confirmed that:

i. in the preparation of the Annual Accounts of the the Company, both standalone and consolidated, for the year ended March 31, 2020, the applicable accounting standards read with requirements set out under Schedule III to the Companies Act 2013, have been followed and that there are no material departures from the same; ii. the Directors have selected such accounting policies 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 as at

March 31, 2020 and of the profit/(loss) for the year ended on that date;

iii. the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the

Companies Act, 2013 for safeguarding the assets the Company and for preventing and detecting fraud and other irregularities;

iv. the Annual Accounts for the year ended March 31, 2020 have been prepared on a going concern basis;

v. adequate internal financial controls have been laid down and such controls are operating effectively;

vi. proper and adequate systems to ensure compliance with the provisions of all applicable laws have been devised and such systems are operatingefficiently; and

vii. there are no instances of frauds involving the officers or employees of the Company reported by the Auditor under section 143(12) of the Act during the year ended March 31, 2020.

Particulars of Remuneration to Employees

The details of remuneration to Employees, as required under Rule 5(2) read with Rule 5(3) of Companies

(Appointment and Remuneration of Managerial

Personnel) Rules, 2014 as amended are Annexure-IV and form part of this Report.

Annual Evaluation of Board Performance and Performance of its Committees and of Directors

Pursuant to the applicable provisions of the Companies

Act, 2013 and Listing Regulation, the Board has carried out an annual evaluation of its own performance, performance of the Directors individually and the working of its various committees as well on the evaluation criteria defined by Nomination and Remuneration

Committee for performance evaluation process of the

Board, its Committees and Directors.

The evaluation has been carried out through a structured questionnaire covering various aspects of the Boards functioning such as adequacy of composition of the Board and its Committees, Board culture, execution and performance of obligations, independence, governance, ethics and values, adherence to corporate governance norms, interpersonal relationships, attendance and contribution at meetings etc. Performance evaluation of Independent

Directors was done by the entire Board, excluding the ofIndependent Director being evaluated. The evaluation process has been explained in the Corporate Governance

Report, which forms part of this Annual Report.

Declaration by Independent Directors

The Company has received necessary declaration from all the Independent Directors of the Company under the provisions of the Companies Act, 2013 that they meet the criteria of independence laid down in Section 149(6) of the Companies Act, 2013 and Regulation 25 of SEBI (LODR) Regulations, 2015.

Nomination and Remuneration Policy

The Company has framed and adopted a policy on Nomination and Remuneration of Directors, Key Managerial Personnel and other employees of the

Company in line with the provisions of section 178 of the Companies Act, 2013 and Part D of Schedule II of SEBI (LODR) Regulations, 2015. The Policy is available on the website at: http://alphageoindia.com/Policies.htm.

It is affirmed that the appointment and remuneration of Directors, Key Managerial Personnel and all other employeesgiven in are in accordance with the Remuneration

Policy of the Company. The remuneration paid to the executive and non-executive directors of the Company during the year under review have been detailed in the Corporate Governance Report, which forms part of the

Annual Report.

Particulars of Loans, Guarantees or Investments

The Company has not extended any loans, guarantees or investments to any other person or body corporate during the year ended March 31, 2020.

Particulars of Contracts or Arrangements with Related Parties

The Company has adopted a Policy for dealing with the transactions with related parties in line with the provisions of the Companies Act, 2013 and SEBI Regulations, 2015, which is available on the Companys website at http://alphageoindia.com/Policies.htm.

All contract and transactions entered into with related parties as defined under the Companies Act, during the year under review, were in the ordinary course of business and on an arms length basis are in compliance with the applicable provisions of the

Companies Act, 2013 and the Listing Regulations. All related parties transactions were placed before the Audit

Committee for prior approval. The particulars of such transactions with related parties have been disclosed at note no. 36 in the standalone financial statements as required under Ind AS 24- Related Party Disclosures and as specified under section 133 of the Act 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014.

Party There were no materially

Transactions made by the Company during the year that required shareholders approval under Regulation 23 of the Listing Regulations or which may have a potential conflict with the interests of the Company during the financial year.

During the year, there were no contracts or arrangements or transactions entered into with the related parties other than at arms length price. Accordingly, there no transactions during the year ended March 31, required to be reported in Form AOC-2 of the (Accounts) Rules, 2014.

Corporate Social Responsibility (CSR)

In compliance with the provisions of Section 135 of the Companies Act, 2013, the Board has formed a Corporate

Social Responsibility Committee which monitors and oversees various CSR initiatives and activities of the

Company. The Companys CSR Policy is available on website at http://alphageoindia.com/Policies.htm.

During the year under review, the Company primarily extended its support to the projects in the areas promoting education, enhancing vocational skills and promoting healthcare including preventive health care.

During the year, the Company, as part of its social responsibility, also extended its support to PM-CARES Fund towards COVID-19 relief.

The annual report on CSR activities undertaken during the financial year 2019-20 is appended as Annexure-V to this Report.

Reasons for not spending the amount earmarked for CSR Activities:

During the year 2019-20, the Company allocated an and amount of 290.27 Lakhs to be spent on corporate social responsibility (CSR) activities, which included the unspent amount of 132.63 Lakhs of 2018-19 carried forward for spending in forthcoming years. Out of this, the Company spent 72.56 Lakhs during the year under review. The unspent amount of . 217.71 Lakhs has been carried forwarded for spending in the forthcoming years.

Company has also started identifying appropriate CSR projects in the areas around the sites where it operates by coordinating with the local elected representatives, nongovernmental organisations and Government agencies.

The Company is continuously extending its effort for making contributions to various socially useful projects and is confident of meeting the statutory requirement in the coming financial year.

Report on Corporate Governance

Pursuant to Regulation 34 of the Listing Regulations, a detailed report on Corporate Governance for the financial year 2019-20 is provided in a separate section and forms part of the Annual Report. The Certificate from a Practicing Company Secretary confirming compliance with the mandatory requirements relating to corporate governance as stipulated under Chapter IV of the Listing Regulations, forms part of the Corporate the Governance Report.

Management Discussion and Analysis Report

of In terms of the provisions of Regulation 34 of the Listing Regulations, Management Discussion and Analysis

Report for the year under review is presented in a separate section and forms part of the Annual Report

Risk Management

The Company continuously identifies the risks that it faces such as strategic, financial, liquidity, regulatory, legal and other risks and assesses and evaluates the same in line with the overall business functioning and growth of the Company.

The details of the risk management framework and issues related thereto have been explained in the

Management Discussion and Analysis Report.

Internal Financial Controls and its Adequacy

The Company has in place an adequate internal financial control system with reference to financial statements and such internal financial controls are operating effectively and no deficiencies have been observed during the year under review.

Reporting of Frauds

There were no instances of frauds during the year under review, which required the Statutory Auditors to report to the Audit Committee and/or the Board under Section143(12) of the Companies Act, 2013 and the rules made thereunder.

Whistle Blower/Vigil Mechanism

The Company has adopted a Whistle Blower Policy to provide a formal mechanism to the directors and employees to deal with the instances of unethical behaviour, actual or suspected fraud or violation of the

Companys Code of Conduct or Ethics Policy. The Policy provides for adequate safeguards against victimisation of persons, who avail the mechanism and provides direct access to the Chairman of Audit Committee of the

Board.

The Audit Committee periodically reviews the Whistle

Blower Policy. It is affirmed that no personnel of

Company have been denied access to the Chairman of the Audit Committee. The Whistle Blower Policy been posted on the Companys website at http://www alphageoindia.com/ Policies.htm

Policy on Prevention, Prohibition and Redressal. of Sexual Harassment at Workplace

The Company has zero tolerance for sexual harassment at workplace and has adopted a Policy on prevention, prohibition and redressal of sexual harassment at workplace in line with the requirements of the Sexual

Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.The Policy aims to provide protection to employees at workplace with the objective of providing a safe working environment. The

Company has set up an Internal Complaints Committee to redress complaints regarding sexual harassment.

During the year under review, no complaint of sexual harassment has been reported. The Policy is available on the Companys website at: http://www.alphageoindia. com/Policies.htm.

Extract of Annual Return

Pursuant to the provisions of Section 36 of the Companies (Amendment) Act, 2017 notified effective from July 31, 2018 read with Section 92(3) of the Companies Act 2013, the extract of the Annual Return in the prescribed form i.e. Form MGT-9 is placed on the Companys website at: http://www.alphageoindia.com/ Other_Information.htm.

Deposits

The Company has not accepted any deposits covered under Chapter V of Companies Act, 2013 and also any other deposit which is not in compliance with the requirements of Chapter V of the Companies Act, 2013.

Compliance with Secretarial Standards

During the year under review, the Company has complied with all the applicable Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI).

Employees Stock Option Scheme

Stock option to Employees is being administered under the scheme titled "Alphageo ESOS 2008". Under this scheme, 2,35,067 stock options are available for .granting to Employees and there are no enforceable stock options outstanding as on March 31, 2020.

Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo

The information on Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo stipulated under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules 2014 are provided below:

a. Conservation of Energy:

Not Applicable

b. Technology Absorption: Nil
c. Foreign Exchange Earnings and Outgo:
2019-20 2018-19
in Lakhs in lakhs
Foreign Exchange Earnings Nil Nil
Foreign Exchange Outgo:
CIF Value of Imports 1622 653
Expenditure in Foreign 757 797
Currency

Significant and Material Orders passed by the Courts / Regulators

There are no significant and material orders passed during the year by the regulators, courts or tribunals impacting the going concern status of the Company and its operations in future.

Acknowledgment

Your Directors take this opportunity to thank the employees, clients, vendors, investors, members, bankers and other business associates of the Company for their co-operation and valuable support extended during the year.

Your Directors appreciate and value the contributions made by every member of Alphageo family.

For Alphageo (India) Limited
Hyderabad Dinesh Alla
June 29, 2020 Chairman and Managing Director

Form AOC-1

(Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts) Rules, 2014)

Statement containing salient features of the Financial Statement of Subsidiaries for the year ended March 31,

2020

(Amount in Rupees)

S. No. Particulars Alphageo International Limited, Dubai Alphageo DMCC, Dubai Alphageo Marine Services Private Ltd., India Alphageo Offshore Services Private Ltd., India
1 The Date since when Subsidiary was acquired June 10, 2010 January 30, 2011 October 25, 2017 April 26, 2018
2 Reporting currency USD USD INR INR
3 Exchange rate as on 31.03.2019 75.3859 75.3859 1 1
4 Share Capital 21,47,02,586 40,88,177 10,00,000 1,00,000
5 Reserves & Surplus (9,93,285) 22,19,01,412 (5,90,856) (82,112)
6 Total assets 21,39,69,534 22,70,25,844 4,40,044 65,088
7 Total liabilities 2,60,232 10,36,255 30,900 47,200
8 Investments (Excluding Investment in Subsidiary) NIL NIL NIL NIL
9 Turnover NIL 4,20,90,511 NIL NIL
10 Profit/(Loss) before taxation (4,64,905) 2,02,51,819 (24,880) (36,996)
11 Provision for taxation NIL 44,65,785 NIL NIL
12 Profit/(Loss) after taxation (4,64,905) 1,57,86,034 (24,880) (36,996)
13 Proposed dividend NIL NIL NIL NIL
14 % of Shareholding by Holding Company 100 100 74 100

Notes:

1. Alphageo DMCC, Dubai is 100% owned Subsidiary of Alphageo International Limited and First Level Step down Subsidiary of Alphageo (India) Limited.

2. Alphageo Marine Services Private Limited is an Indian subsidiary incorporated on October 25, 2017.

3. Alphageo Offshore Services Private Limited is 100% owned Indian subsidiary incorporated on April 26, 2018.

For Alphageo (India) Limited
Hyderabad Dinesh Alla
June 29, 2020 Chairman and Managing Director