COSYN Ltd Management Discussions.

Cosyn Limited, your company has continued to extend the services to the Clients in the Utility and e-Governance verticals with its rich experience. In addition to delivering the regular services, your Company has been introducing new technologies to not only make the processes more efficient but also to automate them to improve the profit margins. Your Company has also taken significant steps forward to build products which can be offered over cloud on Software as a Service (SaaS) model.

SMART METERING

With the Government of Indias vision to provide universal access to affordable power, it becomes important to eliminate the challenges faced by the DISCOMs. To overcome the roadblocks of billing inefficiencies and unauthorised power consumption that contribute to DISCOMs financial woes, implementation of smart meters across the country will be pivotal.

In the past few years, utilities have been at the forefront of the IoT revolution, with the introduction of smart metering. Currently Utilities are in the process of either procuring and replacing analogue/digital meters with smart meters or at places, depending on the convenience, they are modifying the existing meters through retrofitting of small IoT devices which enables the traditional meters to behave as smart meters.

Smart meter and smart metering are two different terminologies. The smart meter is the individual appliance installed at the consumers house or facility, primarily metering the consumers energy consumption. Smart metering is an actual application of smart meters on a larger scale, that deals with data acquisition, communication, data management, processing and spell out those benefits to consumer, utility company and Government. AMI (Advanced metering infrastructure) is often used synonymously with smart metering. The AMI is the future for power industry and serves as an interface between consumer and the utility company. The AMI benefits include - more accurate and timely electrical billing, time of the day billing, provision for shifting the demand to non-peak times, ability to switch between conventional to renewable energy resources such as solar and wind, receiving alerts, etc.

The ongoing coronavirus crisis and the poor financial performance of power distribution companies (DISCOMs) have shown that the power sector needs a serious revamp, and smart meters must become part of the solution. Social distancing regulations and the nationwide lockdown have prohibited DISCOMs from physically collecting electricity bills as conventional metering systems require readings to be checked in person. This, along with its other problems, including aggregate technical and commercial (AT&C) losses, low tariffs, and other internal inefficiencies, has left DISCOMs in a tough spot financially. Smart meters could be the much-needed solution to most of these problems. They require minimal direct human interaction and have other widespread benefits that will be felt across the entire power value chain.

Your Company is a major player in providing technical services to the DISCOMs especially in the consumer billing segment. It has experience in serving more than fifteen DISCOMs across the country and for a client in the Middle East. With the in-house competency of IoT systems, data acquisition processes and functional experience, your Company is well placed to serve the DISCOMs in their transformation journey from traditional metering and billing systems to smart metering mode. In coming years, the smart metering segment can bring in significant revenues to the Company. e-GOVERNANCE

Electronic governance or e-governance implies government functioning with the application of ICT (Information and Communications Technology). Hence e-Governance is basically a move towards SMART governance implying - simple, moral, accountable, responsive and transparent governance. e-Governance provides a platform to integrate solutions and services between Government-to-Citizens (G2C), Government-to-Business (G2B) and Government-to-Government (G2G), empowering both the government and the citizen like never before. The Government of India has embraced e-governance as a trigger and means to redefine and streamline outdated, inefficient processes and procedures while simultaneously exploiting the full power of modern ICT. The aim is to provide citizens with easier and faster access to government services. India has recognized the benefits of e-governance and through it, ushered in a paradigm of citizen-centric service delivery. E-governance is reforming the way government manages and shares information with external and internal clients. Specifically, it harnesses information and communication technologies (such as Wide Area Networks, the Internet, and mobile computing) to transform relations with citizens, businesses and amongst various arms of government. Taking note of the potential of e-governance to improve the quality of life of the vast population of the country, the Government of India has formulated a national program – the National e-Governance Plan (NeGP). This plan attempts to cover all the important areas relating to e-Governance – Policy, Infrastructure, Finances, Project Management, Government Process Reengineering, Capacity Building, Training, Assessment and Awareness etc. across the Central and State Governments. At the core of the NeGP is the emphasis on implementation of such projects with clear timelines and responsibility allocations – in a "Mission Mode". The Government has been spearheading radical digitalisation to induce economic inclusiveness and social transformation through initiatives like Digital India, Make in India and Skill India. India as a result, is gearing up for an era of increased digitalisation, heralding the advent of Industry 4.0, powered by new age technologies like the Internet of Things (IoT), Artificial Intelligence (AI) and Robotics.

Government is taking new e-Governance initiatives that are laced with the latest technologies. Technologies like Artificial Intelligence, Internet of Things, Radio-frequency identification (RFID), Cloud Computing, Data Analytics, GIS, Augmented Reality (AR), Virtual Reality (VR), Quantum Computing, Machine Learning and many more would be used by the government to offer ‘smarter solutions. With higher bandwidth and better performance, 5G offers much faster connectivity. Using 5G, e-Governance operations and processes can be completed in half the time. Augmented Reality (AR) and Virtual Reality (VR) are two of the emerging technologies that will transform the way users interact with businesses. Government started using AR & VR for visualizing different scenarios in smart cities. By visualizing scenarios like those for any emergency situation in controlled environments, the government can make better decisions for the future. It provides them with an opportunity to view structural elements that could not be performed in reality. Quantum computing allows scientists to calculate computational problems easily. It can be used to detect any anomaly in large bits of data to see what deviates from the ‘normal. Machine Learning can also be used for detecting anomalies. The government is using quantum computing to see anomalies in data from domains like medicine, traffic flow, economic forecasting, tax collection, meteorology, etc.

Internet of Things (IoT) is indeed connecting everything, from humans and machines to machines and machines, to make them smarter. Whether we talk about smart TVs, smart homes or smart Cars, everything is connected and can be accessed by the click on a button on your smartphone. In coming days smart cities would be laced with built-in sensors in streetlights, electricity grids, traffic signals, and everything else to effectively monitor and automate the data collection and distribution. By analysing the data, these smart sensors would help the utility companies and other organizations save energy and make sustainable decisions for the cities. Things would become intelligent with edge computing and AI technology and will bring in a new form of governance. In recent times, the Indian government has advanced from using client-side systems to web -based systems and is now going complete cloud to ensure stability and connectivity. Cloud-based systems will help the government in creating national-level registries that are stored centrally on cloud. Downtime and maintenance cost reduces when everything is stored on the cloud, making e-Governance easier and quicker. Cloud migration or storing data on the cloud only requires a strong internet connection and the emergence of 5G would accelerate the process. The aim is to create a unified e-government infrastructure that would be based on the cloud and enable easy monitoring and also eases the concern of interoperability. Services are accessible remotely over the internet and not locally, which allows quick access to all.

Your Company with over two decades of implementation experience of large e-Governance projects across the country and with competency in cutting edge technologies for rapidly building the required solutions, is in a unique space for garnering a good chunk of upcoming projects. Your Company already has developed and deployed cloud based products in the recent years using several technologies which are core to the e-Governance projects and this will provide a good advantage to Cosyn Limited in providing competitive rates and for bagging the projects. On the other side, in general, e-Governance projects in India have long cycles of implem entation due to the complexities arising due to the federal structure of the country with different stake holders, lack of clear objective settings without clear focus on outcomes, delay in project approvals, etc. However, your Company with the required experience is in good position to understand the challenges and factor them to successfully implement the projects and bringing in value to the Company.

CLOUD SERVICE

Cloud has been the most disruptive technology of the last decade and will be at the forefront of all technologies in 2020 and beyond. Organizations rely on the cloud to serve more complex and dynamic needs of the business. The pace of innovation in cloud industry is phenomenal. "Cloud Services" offer a wide range of solutions delivered on demand to companies and customers over the internet. These services are designed to provide easy, affordable access to applications and resources, without the need for internal infrastructure or hardware. Characteristics of cloud services include self-provisioning and elasticity. Customers can provision services on an on-demand basis and shut them down when no longer necessary. In addition, customers typically subscribe to cloud services, under a monthly billing arrangement, rather than pay for software licenses and supporting server and network infrastructure upfront. In many transactions, this approach makes a cloud-based technology an operational expense, rather than a capital expense. From a management standpoint, cloud-based technology lets organizations access software, storage, compute and other IT infrastructure elements without the burden of maintaining and upgrading them. Among the many types of cloud computing services delivered by the service providers, the most popular one is Software as a Service (SaaS). This broad category encompasses a variety of services where the service provider supplies all necessary infrastructure and software, removing the need for a company to invest in its own resources or allocate extra IT staff to manage the service.

Seeing the potential of Cloud Services, your Company has developed and deployed two software solutions – timeFrank and WellToDesk on SaaS model.

timeFrank is a cloud-based solution which tracks employee attendance in real time. Its facial recognition system which enables the organisations to prepare staff schedules as per the business needs and helps in tracking the attendance of employees working from diverse offices and field locations. It provides dynamic reports and comes with an inbuilt payroll module which helps the organisations to overcome the cumbersome processes of using spreadsheets. It is a flexible solution that can address the dynamic needs of small as well as large organisations. The inbuilt unique Geofencing and Geolocation features of the software solution helps the management of the organisations to track the employees in real time and eliminate the chronic problem of buddy punching.

WellToDesk is also a cloud solution offered on SaaS model catering to the needs of the different stakeholders in the Oil industry vertical. It facilitates the sharing of the drilling log files dynamically on the cloud to Geologists, Petro Physicists, Reservoir Engineers and Drillers to collaborate on real time across the geographies. It helps in uploading the interpreted reports and in viewing them on cloud. It also provides tools for storing the log files for archival and retrieval.

In the prevailing Covid-19 pandemic situation, with the restrictions of social distancing and the curbs on travel, both the cloud solutions of your Company have good potential of market acceptance and revenue generation. Your Company is on the path of aggressive marketing of these solutions directly and through integration with other global products which have the synergy and market reach.

Your Company has all the risk management processes in place to analyse the risks and take timely corrective measures. Project delays, if any, are addressed promptly by holding discussions with the Clients for ensuring that the Company is not subjected to undue losses. Your Company is ISO 9001:2015 certified for the Quality Management System for Software Development, IT BPO Services, Data Management, and Infrastructure Management. Your Company is also ISO/IEC 27001:2013 certified for Information Security Management and holds ISO/IEC 20000-1:2011 certificate for IT Service Management for Software Development. Human resources are the key to the companies in service sector. Your Company has the mechanisms to ensure that the talented personnel are retained for enabling the growth of the Company. Attrition of the employees is kept to bare minimum to ensure smooth implementation of the projects. In the financial year 2019-20, your Company added 46 employees who were trained and deployed into the projects.

Revenue from Operations recorded Rs. 29.89 crore as against Rs. 39.57 crore in the previous year. Profit after tax was Rs. 1.88 crore as against Rs. 2.34 crore in the previous year. Profit before tax was lower at Rs. 2.37 crore as compared to Rs. 3.37 crore in the previous year. Borrowing at Rs. 25.59 lakhs was lower as against Rs. 1.49 crore in previous year and the finance cost was lower at Rs. 49.54 lakhs against Rs. 64.54 lakhs in the previous year. Your Company was a net foreign exchange earner in the current year.

S. No Particulars 2019-20 2018-19 Improvement / (Deterioration)
1 Debtors Turnover Debtors/Revenue from Operation (Days) Earnings before 229 140 0.64
2 Interest Coverage Ratio Interest and Tax(EBIT)/Interest 5.97 7.01 (0.15)
3 Current Ratio Current Assets/Current Liabilities Total Outside 2.24 2.33 (0.04)
4 Debt Equity Ratio Liabilities/Shareholders Equity 0.49 0.46 0.05
5 Operating Profit Margin Operating Profit or EBIT/Sales 0.10 0.10 (0.05)
6 Net Profit Margin Net Profit/ Sales 0.06 0.06 0.05

EXTRACT OF ANNUAL

RETURN COSYN LIMITED

as on the financial year ended on 31.03.2020

[Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014]

I. REGISTRATION AND OTHER DETAILS

i) CIN L72200TG1994PLC017415
ii) Registration Date 25/04/1994
iii) Name of the Company COSYN LIMITED
iv) Category / Sub-Category of the Company Limited by shares, Indian Non Government Company
v) Address of the registered 3rd Floor,TP House, D.No 1-98/9/J/15, Plot No 15(P), Jaihind
Office and Contact Details Enclave, Madhapur, Hyderabad, Telangana 500081
Phone: +91 733 066 6517-20/ Fax:+91 (40) 4000 98888
Email id: comsec@cosyn.in
Website: www.cosyn.in
vi) Whether listed company Yes, Listed on Bombay Stock Exchange Limited (BSE)
vii) Name, Address and Contact details of Registrar and XL Softech Systems Limited
3, Sagar Society, Road No.2, Banjara Hills
Transfer Agent, if any Hyderabad – 500 034, INDIA
Tel: +91-40 – 2354 5913, 2354 5914
Fax: +91-40 – 2355 3214
E-mail: xlfield@gmail.com
Website: www.xlsofttech.com

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All the business activities contributing 10 % or more of the total turnover of the company shall be stated: -

Sl. No. Name and Description o f main products / services NIC Code of the Product/ service % to total turnover of the Company
1 IT enabled Services 8920 100%

III. PARTICULARS OF HOLDING, SUBSIDARY AND ASSOCIATE COMPANIES

S.No. Name and Address of the Company CIN/GLN Holding/Subsidiary/Associate % Of Shares Held Applicable Section
1 Cosyn LLC 802278211 Subsidiary 100 2(87)
2 WellToDesk 802581559 Subsidiary 54 2(87)

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity) i) Category-wise Share Holding

(i) Category-wise Share Holding

No. of Shares held at the beginning of the year

No. of Shares held at

the end of the year

% Change during the year
Category of Shareholders Demat Physical Total % of Total Shares Demat Physical Total % of Total Shares
A. Promoters
(1) Indian
a) Individual/ HUF 3810313 0 3810313 50.80 4137773 0 4137773 55.17 8.59
b) Central Govt - - - - - - - - -
c) State Govt(s) - - - - - - - - -
d) Bodies Corp. 468460 0 468460 6.25 145000 0 145000 1.93 -69.05
e) Banks / FI - - - - - - - - -
f) Any other - - - - - - - - -
Sub Total (A) (1) 4278773 0 4278773 57.05 4282773 0 4282773 57.10 0.09
(2) Foreign
a) NRI Individuals - - - - - - - - -
b) Other Individuals - - - - - - - - -
c) Bodies Corp. - - - - - - - - -
d) Any other - - - - - - - -
Sub Total (A) (2) - - - - - - - - -
TOTAL (A)= (A) (1) + (A) (2) 4278773 0 4278773 57.05 4282773 0 4282773 57.10 0.09
B. Public Shareholding
1. Institutions
a) Mutual - -
Funds - -
b) Banks / FI - - - - - - - - -
c) Central Govt - - - - - - - - -
d) State - - - - - - - - -
Govt(s)
e) Venture - - - - - - - - -
Capital
Funds
f) Insurance - - - - - - - - -
Companies
g) FIIs - - - - - - - - -
h) Foreign - - - - - - - - -
Venture
Capital
Funds
i) Others - - - - - - - - -
(specify)
Sub-total - - - - - - - - -
(B)(1):-
2. Non-Institutions
a) Bodies - - - - - - - - -
Corp.
i) Indian 73779 6700 80479 1.07 33885 6700 40585 0.54 -49.57
ii) - - - - - - - - -
Overseas
b) Individuals - - -
i) Individual shareholde rs holding nominal share capital upto Rs. 1 lakh 1810931 135441 1946372 25.95 1657594 127741 1785335 23.80 -8.27
ii) Individual shareholde rs holding nominal share capital in excess of Rs 1 lakh 964360 70000 1034360 13.79 1181350 70000 1251350 16.68 20.98
c) Others - - - - - - - - -
Bodies - - - - - - - - -
corporate
Clearing - - - - - - - - -
member
Non resident - - - - - - - - -
Indians (NRI)
Non- Repatriable 28968 0 28968 0.39 29897 0 29897 0.40 3.21
Repatriable 119048 12000 131048 1.75 98060 12000 110060 1.47 -16.02
Trusts - - - - - - - - -
Sub-total (B)(2):- 2997086 224141 3221227 42.95 3000786 216441 3217227 42.90 -46.36
Total Public
(B) 2997086 224141 3221227 42.95 3000786 216441 3217227 42.90 -0.12
C. Shares held by - - - - - - - - -
Custodian for
GDRs & ADRs
Grand Total (A+B+C) 7275859 224141 7500000 10.00 7283559 216441 7500000 100.00 0.00

ii) Shareholding of Promoters /Promoters Group

Shareholding at the beginning of the year

Shareholding at the end of the year

Sl. No Shareholders Name No. of Shares % of total Shares of the company % of Shares Pledged/ encumber ed to total shares No. of Shares % of total Shares of the company % of Shares Pledged/ encumber ed to total shares % change in shareholding during the year
1 Ravi Vishnu 850539 11.34 - 1173999 15.65 - 38.03
2 R Radha Krishna Murthy 541100 7.21 - 541100 7.21 - -
3 D Vikram Reddy 740500 9.87 - 740500 9.87 - -
4 Ravi Vishnu (HUF) 270850 3.61 - 270850 3.61 - -
5 A Bhopal Reddy 418803 5.58 - 418803 5.58 - -
6 R Radha Krishna Murthy (HUF) 158400 2.11 - 158400 2.11 - -
7 Granada Engineers limited 145000 1.93 - 145000 1.93 - -
8 Ravi Kasturi 285800 3.81 - 285800 3.81 - -
9 RRK Enterprises Private Limited 323460 4.31 - 0 0.00 - -100.00
10 A Srinivasa Rao 7515 0.10 - 7515 0.10 - -
11 Ravi Anand Kumar 83750 1.12 - 83750 1.12 - -
12 Ravi Aiswarya 329731 4.40 - 333731 4.45 - 1.21
13 B Triveni 123325 1.64 - 123325 1.64 - -
Total 4278773 57.05 - 4282773 57.10 0.09

(iii) Change in Promoters/Promoters Group Shareholding

Sl. No Particulars

Shareholding at the beginning of the year

Cumulative Shareholding during the year

No. of shares % of total shares of the company No. of shares % of total shares of the company
1 Ravi Vishnu
At the beginning of the year 850539 11.34 850539 11.34
Sold during the year - - - -
Brought during the year 323460 4.31 323460 4.31
At the End of the year 1173999 15.65 1173999 15.65
2 R Radha Krishna Murthy
At the beginning of the year 541100 7.21 541100 7.21
Sold during the year - - - -
Brought during the year - - - -
At the End of the year 541100 7.21 541100 7.21
3 D Vikram Reddy
At the beginning of the year 740500 9.87 740500 9.87
Sold during the year - - - -
Brought during the year - - - -
At the End of the year 740500 9.87 740500 9.87
4 Ravi Vishnu (HUF)
At the beginning of the year 270850 3.61 270850 3.61
Sold during the year - - - -
Brought during the year - - - -
At the End of the year 270850 3.61 270850 3.61
5 A Bhopal Reddy
At the beginning of the year 418803 5.58 418803 5.58
Sold during the year - - - -
Brought during the year - - - -
At the End of the year 418803 5.58 418803 5.58
6 R Radha Krishna Murthy (HUF)
At the beginning of the year 158400 2.11 158400 2.11
Sold during the year - - - -
Brought during the year - - - -
At the End of the year 158400 2.11 158400 2.11
7 Granada Engineers limited
At the beginning of the year 145000 1.93 145000 1.93
Sold during the year - - - -
Brought during the year - - - -
At the End of the year 145000 1.93 145000 1.93
8 Ravi Kasturi
At the beginning of the year 285800 3.81 285800 3.81
Sold during the year - - - -
Brought during the year - - - -
At the End of the year 285800 3.81 285800 3.81
9 RRK Enterprise Private Limited
At the beginning of the year 323460 4.31 323460 4.31
Sold during the year 323460 4.31 323460 4.31
Brought during the year - - - -
At the End of the year - - - -
10 A Srinivasa Rao
At the beginning of the year 7515 0.10 7515 0.10
Sold during the year - - - -
Brought during the year - - - -
At the End of the year 7515 0.10 7515 0.10
11 Ravi Anand Kumar
At the beginning of the year 83750 1.12 83750 1.12
Sold during the year - - - -
Brought during the year - - - -
At the End of the year 83750 1.12 83750 1.12
12 Ravi Aiswarya
At the beginning of the year 329731 4.40 329731 4.40
Sold during the year - - - -
Brought during the year 4000 0.05 4000 0.05
At the End of the year 333731 4.45 333731 4.45
13 B Triveni
At the beginning of the year 123325 1.64 123325 1.64
Sold during the year - - - -
Brought during the year - - - -
At the End of the year 123325 1.64 123325 1.64

iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs)

Particulars

Shareholding at the beginning of the year

Cumulative Shareholding during the year

No. of shares % of total shares of the company No. of shares % of total shares of the company
SAMSUL HUTHA BANU AMEER 278924 3.72 493154 6.58
KUMARA SWAMY SANGA 53275 0.71 64275 0.86
RAVI PATEL 50000 0.67 50000 0.67
DIA PROPERTIES LLP 47500 0.63 47500 0.63
VELLANKI VEERABHADRA RAO 41416 0.55 41416 0.55
KONDA SANJAY REDDY 40000 0.53 40000 0.53
SABYASACHI GHOSH 39042 0.52 38042 0.51
RAMESH SIRIMALLA 35447 0.47 35447 0.47
M SARVOTHAMA REDDY 34230 0.46 34230 0.46
SANDEEP SHETTY 15210 0.20 29572 0.39
Total 635044 8.47 873636 11.65

(v) Shareholding of Directors and Key Managerial Personnel

Sl. No. Particulars

Shareholding at the beginning of the year

Cumulative Shareholding during the year

No. of shares % of total shares of the company No. of shares % of total shares of the company
1 VISHNU RAVI
At the beginning of the year 850539 11.34 850539 11.34
Sold during the year - - - -
Brought during the year 323460 4.31 323460 4.31
At the End of the year 1173999 15.65 1173999 15.65
2 ARUVA BHOPAL REDDY
At the beginning of the year 418803 5.58 418803 5.58
Sold during the year - - - -
Brought during the year - - - -
At the End of the year 418803 5.58 418803 5.58
3 RAVI KASTURI
At the beginning of the year 285800 3.81 285800 3.81
Sold during the year - - - -
Brought during the year - - - -
At the End of the year 285800 3.81 285800 3.81
4 SIVARAMA KRISHNAMURTHY VANKINENI
At the beginning of the year - - - -
Sold during the year - - - -
Brought during the year - - - -
At the End of the year - - - -
5 PANDURANGA MURTHY VISTAKULA*
At the beginning of the year - - - -
Sold during the year - - - -
Brought during the year - - - -
At the End of the year - - - -
6 SRIDHAR BORAPUREDDY#
At the beginning of the year - - - -
Sold during the year - - - -
Brought during the year - - - -
At the End of the year - - - -
7 RAMA RAO KARUMANCHI
At the beginning of the year - - - -
Brought during the year - - - -
Sold during the year - - - -
At the End of the year - - - -
ANKITA GUPTA
At the beginning of the year - - - -
8 Brought during the year - - - -
Sold during the year - - - -
At the End of the year - - - -
9 KADARI RAGHUPATHI RAO$
At the beginning of the year - - - -
Brought during the year - - - -
Sold during the year - -
- -
At the End of the year - - - -
10 KRISHNA BODDU@
At the beginning of the year - - - -
Brought during the year - - - -
Sold during the year - - - -
At the End of the year - -
- -

*Appointed as Independent Director w.e.f 30.06.2020 #Resigned as Independent Director w.e.f 27.01.2020 $Retired as CFO w.e.f. 27.01.2020 @Appointed as CFO w.e.f 27.01.2020

V. INDEBTEDNESS

(Indebtedness of the company including Interest outstanding/accrued but not due for payment)

Particulars Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtedness
Indebtedness at the beginning of the financial year
i) Principal Amount - 3,56,23,262 - 3,56,23,262
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) - 3,56,29,262 - 3,56,29,262
Change in Indebtedness during the financial year
*Addition - - - -
*Reduction - 2,17,11,906 - 2,17,11,906
Net Change - (2,17,11,906) - (2,17,11,906)
Indebtedness at the end of the financial year
i) Principal Amount - 1,39,17,355 - 1,39,17,355
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) - 1,39,17,355 - 1,39,17,355

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director, Whole-time Directors and/or Manager:

Sl. No. Particulars of Remuneration Vishnu Ravi MD Aruva Bhopal Reddy WTD Total
1. Gross salary
(a) Salary as per provisions 57,60,000 42,61,935 1,00,21,935
(b) Value of perquisites u/s17(2) 23,418 23,418 46,836
(c) Profits in lieu of salary under - - -
2. Stock Option - - -
3. Sweat Equity - - -
4. Commission
- as % of profit - - -
- others, specify… - - -
5. Others 5,55,407 3,34,253 8,89,660
Total (A) 63,38,825 46,19,606 1,09,58,431

B. Remuneration to other Directors

Sl. No Particulars of Remuneration Ravi Kasturi Sivarama Krishna Murthy V Sridhar Borapureddi Potluri Venkat Rao Rama Rao Karumanchi Total Amount (Rs)
1 Independent
Directors Fee for attending board committee meetings - 21,334 4,445 4,000 21,334 51,113
Commission - - - - - -
Others, please specify: - 8,444 2,222 2,000 8,444 21,110
Conveyance
fees
Total (1) - 29,778 6,667 6,000 29,778 72,223
2 Other Non-
Executive
Directors
Fee for attending board committee meetings 21,334 - - - - 21,334
Commission - - - - - -
Others, please specify: 8,444 - - - - 8,444
Conveyance fees
Total (2) 29,778 - - - - 29,778
Total (B)=(1+2) 29,778 29,778 6,667 6,000 29,778 1,02,001
Total 1,10,60,432
Managerial
Remuneration (A+B)
Overall Ceiling as per the Act*

Paid as per schedule V

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/WTD /MANAGER

Key Managerial Personnel

Sl. No Particulars of Remuneration Ankita Gupta Company Secretary Kadari Raghupathi Rao Chief Financial Officer* Krishna Boddu Chief Financial Officer # Total Amount (Rs)
1 Gross salary 2,40,082 4,02,210 1,20,778 7,63,070
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 - - - -
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961 - - - -
(c) Profits in lieu of salary under section 17(3) Income- tax Act, 1961 - - - -
2 Stock Option - - - -
3 Sweat Equity - - - -
4 Commission as % of profit - - - -
5 Others, please specify - 21,982 11,020 33,002
TOTAL 2,40,082 4,24,192 1,31,798 7,96,072

*Retired w.e.f 27.01.2020.

# Appointed as CFO w.e.f 27.01.2020.

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES: NIL

For and on behalf of the Board of Directors
Sd/- Sd/-
Ravi Vishnu A.Bhopal Reddy
Managing Director Whole Time Director
DIN : 01144902 DIN : 01119839

Place: Hyderabad

Date: 20th Aug 2020