Netripples Software Ltd Directors Report.

To the members,

Your Directors have the pleasure in presenting the 27th Annual Report on the business and operations of your company with audited accounts for the year ended 31st March 2020.

Sustained Operations:

Your directors are pleased to present this year operation results, At the outset, it was an eventful year with sustaining the operations irrespective of the Covid-19( Corona) Pandemic creating a major business obstacles across the world leading to international business taking a major slide and further the non -availability of manpower at international sites and most of them with Work- from-Home Situation and similarly the customers and clients availability for completing the project milestones deliveries were effected. This led to austerity measures initiated across the Company towards reducing the cost of operations, marketing, reduced expenditure on Travelling and as well Marketing and Business Development efforts. We continue our growth trend with meeting the expenditure without any loss with minor profits, this year with a gross turnover crossing INR 140,000,520/- mark and the net operational profits will be Rs 98,499/-

We have close to 36 products ready and Software Products and services which are being marketed by Amazon.in, Amazon.com, Amazon.ca, Flipkart, Snapdeal, Shopclues and other prominent online stores. These are copyrighted and now available with copyright valid in 155 countries and other parts of the world. The revenue generation system has been improved from The Medical and Hospital suite of Applications where in Complimenting the Digital Growth in India, we have setup an online Store www.netripples.com where is as first time a health care product is available online for instant download, easy self-installed with installation guide and guarantees life time license with 12 months warranty online.

Your company will be the first company in the world to offer Health care software products online directly downloadable from any country and paid online with payment gateway in Indian rupees and as well US dollars.

Secondly your company is the one and only company with all of its products are available online in top online stores like Amazon India, Amazon Worldwide including USA and Canada and Flip Kart, Snapdeal, Shopclues and over 10 worldwide stores.

The prices of these products are so designed to cater to any Pharmacy Shop, Medical store, Diagnostic Labs, Small Hospitals. Large Hospitals. Dental Clinics, Pediatric Clinics, Children Hospital, Multi-Specialty Hospitals, Super specialty Hospitals, Maternity Nursing Homes, Womens Hospital, Homeopathy clinics. Homeopathy Hospitals and many more.

We have now automated with Artificial intelligence to automatically appoint Channel partners which includes Resellers, Dealers, Distributors etc. online and creates their login user id and password and they will get their margins directly credited to their bank account.

We are getting good response from both online customers, and also from channel partners across the world. We see tremendous growth in this segment with increasing demand for online purchases and healthcare segment has been one of the segments where Netripples has created a new market and many are still working on it.

Lastly with this development we have added another feather in the cap by setting the webstore to be mobile compatible which makes easier for any customer or healthcare segment partners to access their products easily on their mobile or tablets.

We have also added Videos for instant training for all the products along with screen shots for easier and self-analyzing of the product which reduces the requirement of demos physically or online and customers can get themselves trained in the respective product for their staff and themselves for easier operations.

At the outset we would like to thank all the board of directors, the Employees, The Bankers, Bombay Stock Exchange, Registrars, Depositaries and SEBI and other Govt agencies and authorities for their valuable support during the year.

Further Outlook:

Your company being the online company with online Store in healthcare segment we plan to explore further by adding lot of new products in the Webstore to cater to healthcare segment will continue to explore the possibilities of entering into new markets. We will also explore to add more channel partners worldwide including major cities in India.

DIRECTORS RESPONSIBILITY STATEMENT:

Your Directors wish to confirm that:

i. in the preparation of annual accounts for the year ended 31st March, 2020, the applicable accounting standards read with requirements set out under Schedule III to the Act, have been followed and there are no material departures from the same;

ii. such accounting policies have been selected and applied consistently and judgments and estimates are made that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at 31st March, 2020 and of the profit of the company for the year ended on that date;

iii. proper and sufficient care has been taken for maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956/2013 for safe guarding the assets of the Company and for preventing and detecting fraud and other irregularities;

iv. accounts for the financial year ended on 31st March, 2019 are prepared on a going-concern basis.

v. internal financial controls to be followed by the Company has been laid down and such internal financial controls are adequate and are operating effectively; and

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

Management Discussions and Analysis

Pursuant to the provisions of clause 49 of the listing agreement, a report on management discussion and analysis is set in the annexure as addition to this report.

Constitution of committees:

It is brought to the notice of the members that the provisions of clause 49 of the listing agreement became applicable to the company by the end of March 2020. As required by the said clause your company has constituted two committees.

1. Shareholders/Investors Grievance Committee comprising of Mr.

a. Sameer Sohrab

Non-Executive Independent Director,

b. Sajid Salman

Non-Executive Director, Member.

c. Jameela Afreen.

Non-Executive Director, Member.

2. Audit Committee comprising of

a. Sameer Sohrab

Non-Executive Independent Director,

b. Sajid Salman

Non-Executive Director, Member.

c. Jameela Afreen.

Non-Executive Director, Member.

3. Nomination and Remuneration Committee

a. Sameer Sohrab

Non-Executive Independent Director,

b. Sajid Salman

Non-Executive Director, Member.

c. Jameela Afreen.

Non-Executive Director, Member.

Auditors:

M/s. BGS AND ASSOCIATES, Hyderabad, the auditors of the company retire at the conclusion of the ensuring Annual General Meeting and being eligible, offer themselves for reappointment.

Particulars of Employees:

No employee of the company is in receipt of remuneration of 12 lakhs per annum no employee is in receipt of remuneration of Rs 1,00,000 / - per month for any part of the financial year the particulars of which require to be disclosed pursuant to section 217(2A) of the companies Act, 1956/2013 and the companies (particulars of Employees), Rules 1975 as amended.

Listing: Your Company is now listed in Bombay Stock Exchange and traded actively.

Conservation of Energy, Technology Absorption, exports and foreign exchange earnings and outings in accordance with the Companies (Disclosure of particulars in report of Board of Directors) Rules 1988 is set out in this report.

Corporate Governance:

Your Company is committed to achieve the best standards of corporate governance. Pursuant to the provisions of Clause 49 of the Listing Agreement, a report on the Corporate Governance is featuring as part of Annual Report. A Certificate obtained from the statutory auditors on the compliance of Corporate Governance is annexed to this report.

Secretarial Compliance Report

As a reflection of your Companys commitment to transparency The Board is pleased to enclose the Secretarial Report for the financial year 2019-2020 as part of the Directors Report.

Acknowledgements:

The Board wishes to express its deep sense of gratitude to the companys Bankers. The Board of Directors also thanks all the shareholders who have put their trust in the company.

The Board of Directors would like to place on record their appreciation to all the employees for their co-operation and valuable contribution.

Place: Hyderabad Sd/-
Date: 02.09.2020 MAZHAR PASHA
CHAIRMAN