ID Info Business Services Ltd Directors Report.

To the Members,

The Directors hereby submit their Board Report of the Company together with the Audited Statements of Accounts for the year ended 31st of March 2019.

1. FINANCIAL RESULTS

The Companys financial performance for the year under review along with previous years figures is given hereunder:

Particulars 31/03/2019 31/03/2018
(in Lakhs) (in Lakhs)
Profit before tax (5.56) (4.27)
Current tax expense 0 0
Deferred tax expense 0 0
Profit/Loss for the period from continuing operations (5.56) (4.27)
Profit/Loss from discontinuing operations 0 0
Tax expense of discontinuing operations 0 0
Profit/Loss from discontinuing operations (after tax) (5.56) (4.27)
Profit/Loss transferred/adjusted to General Reserve 0 0
Basic earnings per equity share 0 0
Diluted earnings per equity share 0 0

The Company has resumed its activity since the last financial year. However, the Company has incurred the loss of Rs. 5,56,122/- on account of setting up a new business. During the coming years the Company is intending to expand its activity and has approached The Bombay Stock Exchange Ltd, where the Shares are listed for revocation of trading and The Bombay Stock Exchange Ltd has already communicated its in-principal approval.

2. REVIEW OF BUSINESS OPERATIONS AND FUTURE PROSPECTS

a. Loss: The Company incurred a Loss of Rs. 5,56,122/-for the Financial Year Ending 31st March, 2019.

b. Sales : The Companies Turnover is Rs. 6,63,500/- for the Financial Year Ending 31st March, 2019.

c. Marketing and Market Environment: The Company is facing challenging general economic and competitive scenarios.

d. Future Prospects including constraints affecting due to Government policies:

To take adequate steps to increase the customer base and look at alternate strategies so as to be ready to capture the revival in industry.

3. DIVIDEND

No Dividend was declared for the current financial year due to inadequate Profits.

4. THE CHANGE IN NATURE OF BUSINESS, IF ANY:

There was no change in business of the Company during the period under review.

5. MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THIS FINANCIAL STATEMENT RELATES AND THE DATE OF THE REPORT.

There were no material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which this financial statement relate and the date of the report.

6. CONSERVATION OF ENERGY, TECHNOLOGY OBSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

The information pertaining to conservation of energy, technology absorption, Foreign exchange Earnings and outgo as required under Section 134 (3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014 is as follows:

Foreign Exchange Earnings : NA
Foreign Exchange outgo : NA
Energy Absorption : NA

A. the steps taken or impact on conservation of energy: NA

B. the steps taken by the Company for utilizing alternate source of energy: NA C. the Capital investment on energy conservation equipments: NA Technology Absorption: NA A. the efforts made towards technology absorption: NA

B. the benefits derived like product improvement, cost reduction, product development or import substitution: NA

C. In case of imported technology (imported during the last three years reckoned from the beginning of the financial year): NA

a) the details of technology imported: NA

b) the year of import: NA

c) whether the technology been fully absorbed: NA

d) the expenditure incurred on Research and Development: NA

7. STATEMENT CONCERNING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY OF THE COMPANY

The Company does not have any Risk Management Policy as the elements of risk threatening the Companys existence are very minimal.

8. DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILITY INITIATIVES

The Company has not developed and implemented any Corporate Social Responsibility initiatives as the said provisions are not applicable.

9. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186 OF THE COMPANIES ACT, 2013

There loans, guarantees or investments made by the Company under Section 186 of the Companies Act, 2013 during the year under review from part of the Notes to Financial Statements provided in the Annual Report.

10. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

There were no contracts or arrangements made with related parties pursuant to Section 188 of the Companies Act, 2013,during the year under review.

11. EXPLANATION OR COMMENTS ON QUALIFICATIONS, RESERVATIONS OR ADVERSE REMARKS OR DISCLAIMERS MADE BY THE AUDITORS AND THE PRACTICING COMPANY SECRETARY IN THEIR REPORTS

There were no qualifications, reservations or adverse remarks made by the Auditors in their report.

However, pursuant to the provisions of Section 204 of the Companies Act, 2013 and Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company had appointed M/s. Sandeep P. Parekh & Co., a firm of Company Secretaries in Practice to undertake the Secretarial Audit of the Company. The Report of the Secretarial Audit is annexed herewith as "Annexure B".

The qualifications, reservations or adverse remarks made by the Practicing Company Secretary in their respective reports are as under:

1. The Board of Directors of the Company is not constituted as required under the Listing Regulation and Companies Act, 2013 with the Composition of Executive Directors, Non- Executive Directors and Independent Directors.

2. The Company has not formed Audit Committee as per the requirements of Section 177 of Companies Act, 2013 and Listing Regulation.

3. The Company had not Formed Nomination and Remuneration Committee & Stakeholders Relationship Committee as per the requirements of Section 178 of Companies Act, 2013 and Listing Regulation.

4. The Company is in default in complying with the provisions of Section 203 of the Companies Act, 2013 for appointing Whole Time Key Managerial Personnel.

5. Company is in default for complying with provisions of Section 138 of the Companies Act, 2013, which mandate the appointment of Internal Auditor.

The Board Represent hereunder:

The Board of Directors have been informed about the applicable compliances of the new Companies Act, 2013 wherein there are lot of provision which requires the appointment of various Committees, Appointment of Independent Director & Key Managerial Personnel etc for which the Company has not complied till now, however, the Company would be appointing/ comply with the above requirements in near future for proper compliance of Companies Act, 2013.

The Companys business operations is not active, the management has not devised a separate and independent control system. Hence, the Company is in process of meeting the applicable compliances as per the applicable provisions of the Companies Act, 2013 and the Listing Regulations.

12. COMPANYS POLICY RELATING TO DIRECTORS APPOINTMENT, PAYMENT OF REMUNERATION AND DISCHARGE OF THEIR DUTIES

The provisions of Section 178(1) relating to constitution of Nomination and Remuneration Committee are applicable to the Company; however the Company has not devised any policy relating to appointment of Directors, payment of Managerial remuneration, Directors qualifications, positive attributes, independence of Directors and other related matters as provided under Section 178(3) of the Companies Act, 2013.

13. ANNUAL RETURN

The extracts of Annual Return pursuant to the provisions of Section 92 read with Rule 12 of the Companies (Management and Administration) Rules, 2014 is furnished in Annexure 1 and attached to this Report

14. NUMBER OF BOARD MEETINGS CONDUCTED DURING THE YEAR UNDER REVIEW.

The Company had 4 Board meetings during the financial year under review.

Date of Board Meeting Directors Strength Directors Present
26.05.2018 • Krishnan Kannan • Krishnan Kannan
• Himanshu Lohiya • Himanshu Lohiya
• Sushil Ratanlal Morarka • Sushil Ratanlal Morarka
• Abhishek Sushil Morarka • Abhishek Sushil Morarka
• Chitrapavai Kannan • Chitrapavai Kannan
• Pravin Vallabhdas Rajdev • Pravin Vallabhdas Rajdev
13.08.2018 • Krishnan Kannan • Krishnan Kannan
• Himanshu Lohiya • Himanshu Lohiya
• Sushil Ratanlal Morarka • Sushil Ratanlal Morarka
• Abhishek Sushil Morarka • Abhishek Sushil Morarka
• Chitrapavai Kannan • Chitrapavai Kannan
• Pravin Vallabhdas Rajdev • Pravin Vallabhdas Rajdev
10.11.2018 • Krishnan Kannan • Krishnan Kannan
• Himanshu Lohiya • Himanshu Lohiya
• Sushil Ratanlal Morarka • Sushil Ratanlal Morarka
• Abhishek Sushil Morarka • Abhishek Sushil Morarka
• Chitrapavai Kannan • Chitrapavai Kannan
• Pravin Vallabhdas Rajdev • Pravin Vallabhdas Rajdev
12.02.2019 • Krishnan Kannan • Krishnan Kannan
• Himanshu Lohiya • Himanshu Lohiya
• Sushil Ratanlal Morarka • Sushil Ratanlal Morarka
• Abhishek Sushil Morarka • Abhishek Sushil Morarka
• Chitrapavai Kannan • Chitrapavai Kannan
• Pravin Vallabhdas Rajdev • Pravin Vallabhdas Rajdev

Necessary disclosures regarding composition of the Board, category, attendance of Directors at the Board Meetings and last Annual General Meeting, number of other Directorship and other Committee Memberships are given below:

Name of Directors Category No. of Board Meetings attended No. of Directorships held in other Companies Attendance at last AGM

No. of Committee positions held in other Companies

Chairman of Committee Member of Committee
Mr. Kannan Krishnan Naiker Executive Director 4 5 Yes 0 0
Mr. Himanshu Lohiya Non- Executive Director 4 5 Yes 0 0
Mr. Sushil Ratanlal Morarka Executive Director 4 5 Yes 0 0
Mr. Abhishek Sushil Morarka Executive Director 4 6 Yes 0 0
Mr. Chitrapavai Kannan Executive Director 4 1 Yes 0 0
Mr. Pravin Vallabhdas Rajdev Non- Executive Director 4 2 Yes 0 0

15. DISCLOSURE OF COMPOSITION OF AUDIT COMMITTEE AND PROVIDING VIGIL MECHANISM

The Company has not formed an Audit Committee as per Section.177 of the Companies Act, 2013. & not provided for vigil mechanism.

16. DIRECTORS RESPONSIBILITY STATEMENT

In accordance with the provisions of Section 134(5) of the Companies Act, 2013 the Board hereby submits its responsibility Statement:

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

b. the directors had 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 and of the profit and loss of the company for that period;

c. the directors had 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. the directors had prepared the annual accounts on a going concern basis; and e. the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

f. internal financial controls to be followed by the company had been laid down and that such internal financial controls are adequate and were operating effectively.

g. the directors have complied with the provisions of applicable Secretarial standards.

17. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

The Company does not have any Subsidiary or Joint Ventures / Associate Companies.

18. DIRECTORS

There is no change in the Board of Directors of the Company during the year.

Mr. Abhishek Sushil Morarka and Mrs. Chitrapavai Kannan retire by rotation in the ensuing Annual General Meeting and are eligible for reappointment.

19. DEPOSITS

The Company has neither accepted nor renewed any deposits during the year under review.

20. DECLARATION OF INDEPENDENT DIRECTORS

The Company does not comply with the criteria as per the provisions of Section 149 (6) Companies Act, 2013 for Independent Directors.

21. STATUTORY AUDITORS

M/s. Vishnu Agarwal & Associates having Firm Registration Number: 134443W, have been appointed as Statutory Auditors for a period of 5 years in the Annual General Meeting held on 30/09/2015. Their continuance of appointment and payment of remuneration are to be confirmed and approved by the Board of Directors of the Company.

22. SHARES

a. BUY BACK OF SECURITIES

The Company has not bought back any shares during the year under review.

b. SWEAT EQUITY

The Company has not issued any Sweat Equity shares during the year under review.

c. BONUS SHARES

No Bonus Shares were issued during the year under review.

d. EMPLOYEES STOCK OPTION PLAN

The Company has not provided any Stock Option scheme to the employees.

e. DEMATERIALISATION

The shares of the Company were in physical form and CDSL and NSDL has admitted for depository services. The ISIN no is: INE088P01015.

23. BOARD EVALUATION

Pursuant to the provisions of the Companies Act, 2013 and the Listing Regulation, the Audit, Nomination & Remuneration and other Committees were not formed by the Company. So, the Boards performance for the current year cannot be assessed.

24. PARTICULARS OF EMPLOYEES

The information required pursuant to Section 197 read with Rule, 5 of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 in respect of employees of the Company, will be provided upon request. In terms of Section 136 of the Act, the Report and Financial Statements are being sent to the Members and others entitled thereto, excluding the information on employees particulars which is available for inspection by the Members at the Registered Office of the Company during business hours on working days of the Company up to the date of the ensuing Annual General Meeting. If any Member is interested in obtaining a copy thereof, such Member may write to the Company in this regard.

25. THE DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANYS OPERATIONS IN FUTURE

There are no significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and companys operations in future.

26. THE DETAILS IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENT

The Company is having an adequate internal financial control policy.

27. 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 The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal Committee (IC) has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy. The following is a summary of sexual harassment complaints received and disposed off during the financial year ended 31stMarch, 2019:

• No. of complaints received: NIL

• No. of complaints disposed off: NIL

28. STATE OF COMPANYS AFFAIRS

The Company is presently inactive in its operations.

29. THE CHANGE IN NATURE OF BUSINESS, IF ANY:

There was no change in business of the Company during the period under review.

30. CORPORATE GOVERNANCE

The Companys Paid up Capital and Networth do not exceed the prescribed limits as on the Financial year 2018-2019 and the provisions of corporate governance as specified in Regulation 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27 and clause (b) to (i) of sub-regulation (2) of regulation 46 and paras C, D and E of Schedule V of the SEBI (LODR) Regulation, 2015 is not applicable on the Company.

31. MANAGEMENT DISCUSSION AND ANALYSIS

A detailed review of the operations, performance and future outlook of the Company and its business is given in the Managements Discussion and Analysis Report which forms a part of this report.

32. ACKNOWLEDGEMENTS

Your Directors place on record their sincere thanks to bankers, business associates, consultants, and various Government Authorities for their continued support extended to your Companies activities during the year under review. Your Directors also acknowledges gratefully the shareholders for their support and confidence reposed on your Company.

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS
Abhishek Morarka Sushil Morarka
Director Director
DIN: 01399982 DIN: 01399879
Date: 25.05.2019
Place: Mumbai