I Power Solutions India Ltd Management Discussions.

iPower Solutions India Limited

CIN L72200TN2001PLC047456 iPower Solutions India Limited, the leading e-commerce and web related service provider has reported significant results for the year ended 31.03.2019.

PERFORMANCE REPORT

iPower Solutions India Limited has announced its audited financial results for the year ended 31st March 2019.

iPower Solutions India Limited showed a net profit of Rs. 2.67 Lacs for the financial year 2019 as compared to Rs. 0.54 Lacs of previous year 2018.

The Company focuses its training business and proposes to develop its own brand name.

(Rs. in ‘000)
Particulars Year ended 31.03.2019 Year ended 31.03.2018
Net Income 1,666 1,568
Total Expenditure 1,399 1,514
Net Profit 267 54
% of Profit growth 394 35

The Net income from operation for the year ending 31.03.2019 is Rs.16.66 Lacs compared to previous years figure of Rs. 15.68 Lacs for the year ending 31.03.2018.

The total expenditure for the year ending 31.03.2019 is Rs.13.99 Lacs as compared to previous years figure of Rs. 15.44 for the year ending 31.03.2018.

The Net profit for the year ending 31.03.2019 is Rs.2.67 Lacs as compared to the previous year figure of Rs. 0.54 Lacs shows increase of 394%.

Consolidated

During the year the company on a consolidated basis witnessed an growth in the segments of Software Development & Services, Education & Training and e-Governance; resulting in a turnover of Rs.16.66 Lacs in sales revenue, as compared to Rs 15.68 Lacs in the previous year.

The profit before tax posted for the financial year 2018-19 stood at Rs.2.67 lacs as against Rs.0.54 lacs of the previous year, registering increase of Rs.2.13 lacs The shares of the Company remain unaltered during the financial year.

Review of operations

There has been some improvement in Net Income and Net Profit over previous year. The expenses are under control.

Outlook for the next year

With the global economy and Indian economy turning around we are hoping for the best.

Risks and Concerns

World wide recession, U.S. Protectionism. Increasing costs

Risks Mitigation

Carefully looking at the opportunities and reduction in the loss.

Opportunities and Threatss

Growing IT field. Competition from low cost competitors.

Internal control systems

We have very good internal control system, commensurate with our size.

Industrial Relations and Human Resources Management

Keeping very good human relationships with the staff and maintaining contacts with the industry.

Development of new products

Always looking for niche areas for product developments in newer technology areas.

Cautionary statement

Competition and size restrictions

GENERAL SHAREHOLDER INFORMATION

1. Registrar and Transfer Agents

During the year our share transfer and all other investor related matters are attended to and processed by the Companys Registrar and Transfer Agents-

M/s Cameo Corporate Services Limited

Subramanian Buildings No.1 Club House Road, Chennai - 600 002. Tel No. +91 44 2846 0390 (6 lines) Fax No. +91 44 2846 0129 Grams: CAMEO E-mail: cameo@cameoindia.com

2. General Body Meetings

Details of last three annual general meetings are given below.

Financial Year ended Date Time Venue
31.03.2016 05.08.2016 3.00 pm Registered Office: 9/5, II Floor, 2nd Main Road, Karpagam Gardens, Adyar, Chennai
31.03.2017 07.09.2017 3.00 pm Registered Office: New No.17, Old No.7/4, Vaigai Street, Besant Nagar, Chennai
31.03.2018 07.09.2018 2.30 pm Registered Office: New No.17, Old No.7/4, Vaigai Street, Besant Nagar, Chennai

Postal Ballot: As the requirement did not arise, the company has not made use of postal ballot.

3.Annual General Meeting

Date Wednesday, 14th August, 2019 Time 2.30 PM

Venue iPower Solutions India Limited, New No.17, Old No.7/4, Vaigai Street, Besant Nagar, Chennai 600 090.

4. Financial Year: 1st April 2018 - 31st March 2019

Financial calendar: Adoption of the Quarterly Results for the quarter ending (Approximately)

Financial reporting for Quarter ending 30.06.2019 End of August 2019
Financial reporting for Quarter ending 30.09.2019 End of November 2019
Financial reporting for Quarter ending 31.12.2019 End of January 2020
Financial reporting for Quarter ending 31.03.2020 End of June 2020

5. Book closure: 8th August, 2019 to 14th August, 2019 (Both days inclusive)

6. Listing on Stock Exchanges: BSE Limited

The Annual Listing fees for the year 2019-20 has been paid to the Stock Exchange.

7. Stock Code: BSE Limited- 512405

8. Demat International Security Identification Number (ISIN) in NSDL and CDSL for equity shares - INE468F01010

The shares of the Company are under compulsory demat trading. The Company has made necessary arrangements with NSDL and CDSL for demat facility. As on 31st March, 2019, 99.78% of the Companys Shares are dematerialized.

9. Address for correspondence: i Power Solutions India Limited,

New No.17, Old No.7/4, Vaigai Street, Chennai-600 020.

10. Share Transfer System

The Companys share are traded in the Stock Exchanges compulsorily in demat mode. Shares in physical mode which are lodged for transfer at either with the Company or with the Share Transfer agent are processed and share certificates are returned within the time prescribed by the authorities. A summary of transfer/ transmission etc. of the company so approved by the Chairman/ Company Secretary is placed at every board meeting.

The Company obtains from a Company Secretary in practice; Half-yearly certificate of compliance with the share transfer formalities as required under Clause 47(c) of the Listing Agreement with Stock Exchanges and files a copy of the certificate with the BSE.

11. SEBI Complaints Redress System (SCORES)

The investor complaints are processed in a Centralized web-based complaints redress system. Centralized database of all complaints received, online upload of Action Taken Reports (ATRs) by company and online viewing by investors of actions taken on the complaint and its current status are updated/resolved electronically in the SEBI SCORES system

12. MEANS OF COMMUNICATION

The main channels of communication to the shareholders is through the annual report which includes inter alia, the Directors report, the report on Corporate Governance and the quarterly, half-yearly and annual financial results advertisements.

The quarterly, half-yearly and annual financial results advertisements, official press releases and presentation to analysts are regularly displayed on the companys websitewww.ipwrs.com. Newspapers wherein results normally published The financial results are published in the following newspapers -News today MaalaiSudar This information is also submitted to the Stock Exchanges in accordance with the Listing Agreement and displayed at BSE Website.

MARKET PRICE DATA

High, low during each month and trading volumes of the Companys Equity Shares during the last financial year 2018-19 at The BSE Limited (BSE) areas under:

Month BSE
High Low Traded Quantity
April,2018 1.65 1.65 1,000
May, 2018 1.57 1.43 750
June, 2018 1.37 1.31 800
July, 2018 1.31 1.19 476
August,2018 1.14 1.05 4,200
September, 2018 1.26 1.10 5,818
October, 2018 1.26 1.20 1,025
November,2018 1.58 1.32 1,802
December,2018 1.73 1.65 270
January, 2019 3.02 1.81 7,900
February, 2019 3.74 3.17 24,607
March, 2019 3.88 3.67 19,549

The securities of the Company are not suspended from trading during the financial year ended March 31, 2019.

DISTRIBUTION OF SHAREHOLDING

Share Holding Rs. Rs. Share Holders Numbers % of Total Share Holdings Shares % of Total
1 - 100 580 37.13 31,352 0.70
101- 500 586 37.52 1,87,631 4.21
501 - 1000 183 11.72 1,61,732 3.64
1001-2000 94 6.02 1,45,251 3.27
2001-3000 53 3.39 1,31,881 2.96
3001-4000 11 0.70 40,636 0.91
4001-5000 15 0.96 71,508 1.61
5001-10000 23 1.47 1,64,048 3.69
10001 & Above 17 1.09 35,14,961 79.01
Total 1,562 100.00 44,49,000 100.00

CATEGORIES OF SHAREHOLDERS AS ON 31ST MARCH, 2019

Sl. No. Category of Shareholders No. of Shares Percentage%
1. Promoter & Promoter Group
a. Individuals / Hindu Undivided Family 4,550 0.10
b. Directors / Relative NRI 31,18,631 70.10
2 Bodies Corporate 42,227 0.95
3 Individuals 12,16,882 27.35
4 Resident - HUF 66,710 1.50
Total 44,49,000 100.00