The Board of Directors are pleased to present the 35thAnnual Report of Alphageo (India) Limited ("the Company") on business andoperations along with the audited financial statements (standalone and consolidated) forthe financial year ended 31st March 2022.
The financial performance of the company for the year ended 31stMarch 2022 on a standalone and consolidated basis is summarised below: (All amount inIndian C lakhs unless otherwise stated)
|Particulars ||Standalone ||Consolidated |
| ||2021-22 ||2020-21 ||2021-22 ||2020-21 |
|Revenue From Operations ||15488 ||14310 ||15488 ||14310 |
|Other Income ||510 ||2253 ||529 ||2257 |
|Total Revenue ||15998 ||16563 ||16017 ||16567 |
|Profit Before Finance Costs and Depreciation ||3852 ||3772 ||3849 ||3813 |
|Finance Cost ||107 ||178 ||107 ||178 |
|Depreciation and Amortisation ||1882 ||2593 ||1983 ||2724 |
|Profit Before Tax ||1863 ||1001 ||1759 ||911 |
|Tax Expenses ||535 ||258 ||540 ||267 |
|Profit After Tax ||1328 ||743 ||1219 ||644 |
|Earnings Per Share of C 10/- Each || || || || |
|Basic (C ) ||20.87 ||11.68 ||19.16 ||10.13 |
|Diluted (C) ||20.87 ||11.68 ||19.16 ||10.13 |
Overview of Financial and Business Operations
A) Standalone Financials:
On standalone basis the revenue for FY2022 was C 15488 Lakhshigher by 8.23 percent over previous year revenue of C 14310 Lakhs Profit beforetax for FY2022 is C 1863 Lakhs representing 12.03 percent of revenue as against previousyear profit before tax of C 1001 Lakhs represented 6.99 percent of revenue. Profitafter tax for FY2022 is C 1328 Lakhs registered the growth of 78.73 percent over profitafter tax of C 743 Lakhs of previous FY2021.
The equity of the shareholders on standalone basis is C24299 Lakhsas on 31st March 2022 as compared to C 23454 Lakhs as on 31stMarch 2021.
B) Consolidated Financials:
On consolidated basis the revenue for FY2022 was C 15488 Lakhshigher by 8.23 percent over previous year revenue of C14310 Lakhs Profit before taxfor FY2022 is C1759 Lakhs representing 11.35 percent of revenue as against previous yearprofit before tax of C 911 Lakhs represented 6.37 percent of revenue. Profit aftertax for FY2022 is C1219 Lakhs registered the growth of 89.28 percent over profit after taxof C644 Lakhs of previous FY2021.
The directors have been periodically reviewing with the management theimpact of Covid-19 on the business operations of the company.
The lockdown due to Covid-19 pandemic during the first quarter and themonsoon season during the second quarter of 2021-22 resulted in lesser operational daysduring the financial year 2021-22. The company resumed its seismic services/ fieldoperations post monsoon from the month of October 2021 after evaluating the impact ofCovid at each project location.
The situation created by Covid-19 continues to hold some uncertaintiesfor the future however the board and the management are closely monitoring the situationas it evolves and doing its best to take all necessary measures in the interests of allstakeholders of the company.
The paid-up equity share capital of the company as on 31stMarch 2022 is C 636.48 Lakhs comprising of 6364767 equity shares of C 10 each. Duringthe year under review the company has not issued or allotted any shares of the company.The company does not have any outstanding warrants or any convertible instruments as on31st March 2022.
Transfer to Reserves
The Board of Directors has decided to retain the entire amount ofprofit as retained earnings. Accordingly the company has not transferred / appropriatedany amount to the general reserve during the year ended 31st March 2022.
The Board considering the Company's performance and the financialposition for the year under review has recommended a final dividend of C 8/- per equityshare of C 10/- each for the year ended 31st March 2022 subject to theapproval of the members at the ensuing Annual General Meeting.
Material Changes and Commitment
There has been no material change and commitment affecting thefinancial performance of the company from the end of the financial year to the date ofthis report except for the impact if any arising out of COVID-19.
Change In the Nature of Business
The company continues to be in the business of providing geophysicaldata acquisition processing and interpretation services and there has been no change inthe nature of business of the company or any of its subsidiaries during the year underreview
Subsidiaries and Joint Venture
A) Foreign Subsidiaries:
The company has one 100% owned foreign subsidiary AlphageoInternational Limited incorporated in Jebel Ali free zone area in Dubai and one 100%owned first level step down subsidiary Alphageo DMCC incorporated under Dubai multicommodities center (DMCC) regulations. Pursuant to regulation 16 of the SEBI (ListingObligations and Disclosure Requirements) Regulations 2015 Alphageo InternationalLimited Dubai is a material subsidiary as on 31st March 2022.
B) Indian Subsidiary:
Alphageo Marine Services Private Limited (AMSPL)
AMSPL was incorporated in the year 2017 for providing marine surveyservices and aerial geophysical services. No commercial activities have been carried on bythe subsidiary company during the year 2021-22.
Alphageo Offshore Services Private Limited (AOSPL)
AOSPL was incorporated in the year 2018 for undertaking commercialactivities relating to providing geophysical services for offshore and transition zonesand general offshore related services for mining and hydrography. During the year underreview no commercial activities have been carried on by AOSPL.
Performance of Subsidiaries:
Pursuant to the provisions of Section 129(3) of the Companies Act 2013read with Companies (Accounts) Rules 2014 a statement containing the salient features offinancial statements of the subsidiary Companies are given in Form AOC-1 as Annexure-Ito this report.
In compliance with section 136 of the Companies Act 2013 thefinancial statements of the subsidiaries are available on the website of the Company andalso will be made available upon the request by any member of the Company.
The company does not have any associate companies. The company hasadopted a policy for determining "Material Subsidiary" in terms of Regulation16(c) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 whichcan be viewed on the Company's website at https://www.alphageoindia.com/Policies.htm
Consolidated Financial Statements
The consolidated financial statements of the company and itssubsidiaries for the financial year ended 31st March 2022 prepared incompliance with the Indian Accounting Standards notified under Section 133 of theCompanies Act 2013 Section 129(3) of Companies Act 2013 and SEBI (Listing Obligationsand Disclosure Requirements) Regulations 2015 together with Auditors' Reportthereon form part of this Annual Report.
The company has not accepted any deposits covered under Chapter V ofCompanies Act 2013 and also any other deposit which is not in compliance with therequirements of Chapter V of the Companies Act 2013.
Compliance with Secretarial Standards
During the year under review the company has complied with all theapplicable Secretarial Standards issued by the Institute of Company Secretaries of India(ICSI).
Section 124 of the Companies Act 2013 read with Investor Education andProtection Fund Authority (Accounting Audit Transfer and Refund) Rules 2016 (theRules') as amended thereof mandates the companies to transfer dividend that hasremained unpaid/unclaimed for a period of seven years from the unpaid dividend account tothe Investor Education and Protection Fund (IEPF).
The details of the unclaimed dividend lying with theCompanyareavailableonthewebsiteoftheCompanyatthe web link:https://www.alphageoindia.com/Unclaimed%20 Dividends.htm
A) Transfer of Unpaid and Unclaimed Amounts to Investor Education andProtection Fund ("IEPF") Transfer of unclaimed dividend to IEPF:
Pursuant to the provisions of section 124 of Companies Act 2013 readwith IEPF (Accounting Audit Transfer and Refund) Rules 2016 as amended thereofdividends which remain unpaid or unclaimed for a period of seven years from the date ofits transfer to unpaid dividend account are required to be transferred by the company toInvestor Education and Protection Fund ("IEPF") established by the Government ofIndia under the provisions of section 125 of the Companies Act 2013.
Unclaimed dividend for financial year 2013-14 amounting to C 3.17 Lakhswas transferred into Investors Education & Protection Fund of the Central Governmenton 25th November 2021 in compliance with section 124 of the Companies Act2013.
Transfer of Shares to IEPF:
Section 124(6) of Companies Act 2013 read with IEPF (AccountingAudit Transfer and Refund) Rules 2016 as amended thereof mandates transfer ofunderlying shares in respect of which dividend has not been paid or claimed for sevenconsecutive years or more in the name of Investor Education and Protection Fund. As perthe provisions of Investor Education and Protection Fund Authority (Accounting AuditTransfer and Refund) Rule 2016 company has issued individual notice through ordinarypost to all shareholders whose dividends were lying unclaimed for consecutive seven yearsand a public notice in this respect has been given in english and vernacular newspapersand details of such shareholders were uploaded on the company's website.
|Particulars ||No of Equity Shares |
|Number of shares lying in the Investor Education and Protection Fund beginning of financial year ||78947 |
|Less : Claim accepted by IEPF Authority and shares transferred ||200 |
|Number of shares lying in Investor Education and Protection Fund on date of transfer to IEPF account ||78747 |
|Number of shares transferred to the Investor Education and Protection Fund during the financial year ||11885 |
|Number of shares lying in the Investor Education and Protection Fund at the end of the financial year ||90632 |
The details of shares transferred to IEPF during the previous yearsare displayed on the website of the Company. The shareholders whose shares have beentransferred to the IEPF Authority can claim their shares from the Authority by followingthe refund procedure as detailed on the website of IEPF Authorityhttp://iepf.gov.in/IEPF/corporates.html.
Auditors and Audit Reports
In pursuance of the provisions of section 139 and other applicableprovisions of Companies Act 2013 read with Companies (Audit and Auditors) Rules 2014 andthe terms of appointment approved at 30th annual general meeting of thecompany the period of office of the present statutory auditors M/s Majeti & Co.Chartered Accountants Hyderabad will be completed at the conclusion of 35thannual general meeting. It is proposed to re-appoint M/s Majeti & Co. CharteredAccountant Hyderabad as statutory auditors of the company with the approval of membersfor a term of 5 (five) consecutive years from the conclusion of 35th annualgeneral meeting till the conclusion of 40th annual general meeting of thecompany. The proposed auditors have confirmed their eligibility and qualification requiredunder the Act for holding the office as statutory auditors of the company.
Audit Report on Financial Statements:
The auditor's report to the shareholders on the financialstatements of the company for the financial year ended on 31st March 2022 doesnot contain any qualification reservation or adverse remark.
Pursuant to the provisions of section 204 of the Companies Act 2013and rules thereunder M/s. D. Hanumanta Raju & Co. Practicing Company SecretariesHyderabad were appointed to conduct the secretarial audit of the company for the financialyear 2021-22. The secretarial auditors have issued modified report for the year ended 31stMarch 2022. The report issued by them is appended as AnnexureII to thisreport.
Details of Qualification:
The secretarial auditors in its report stated during the period underreview the company had intimated the revision in credit ratings received from CRISIL on 21stApril 2021 to the stock exchanges on 28th April 2021
Board's Explanation to the Qualification in the Report:
The concerned official who received the CRISIL letter via e-mail wasaffected by COVID-19 and was under quarantine. When he/she rejoined the work theintimation related to credit rating was provided to concerned stock exchanges.
Cost Audit and Cost Records:
Maintenance of cost records and requirement of cost audit as prescribedunder the provisions of section 148(1) of the Companies Act 2013 are not applicable forthe business activities carried out by the Company.
Directors and Key Managerial Personnel
Re-appointment of Directors: a) Mr. Dinesh Alla (DIN: 01843423)Managing Director of the company has been reappointed as Managing Director of the companyfor a period of five years effective from 21st August 2021 at the 34thannual general meeting held on 29th September 2021 through special resolutionpassed by members of the company.
b) Mrs. Savita Alla (DIN: 00887071) Joint Managing Director of thecompany has been reappointed as Joint Managing Director of the company for a period ofthree years effective from 25th May 2021 at the 34th annual generalmeeting held on 29th September 2021 through special resolution passed bymembers of the company.
Retirement by Rotation:
Mr. Rajesh Alla Non-executive director retired by rotation has beenre-appointed as director of the company at the 34th annual general meeting heldon 29th September 2021.Further as per the provisions of section 152(6) ofCompanies Act 2013 and in terms of the Articles of Association of the company Mr. RajeshAlla retires by rotation at the ensuing annual general meeting and being eligible seeksre-appointment. The board recommends his re-appointment for the approval of the members.
Particulars of Remuneration to Directors and Key Managerial Personnel:
Particulars of remuneration to directors and key managerial personnelas required under section 197(12) of the Act read with Rule 5(1) of Companies (Appointmentand Remuneration of Managerial Personnel) Rules 2014 as amended are given in Annexure-IIIand forms part of this report.
Changes In Key Managerial Personnel:
During the year Mrs. Deepa Dutta has resigned from the office of theCompany Secretary of the company with effect from 3rd September 2021. Mrs.Rohini Gade Chief Financial Officer of the company took additional charge as ComplianceOfficer of the company from 3rd September 2021.The board in its meeting heldon 23rd September 2021 appointed Mrs. Sakshi Mathur as Company Secretary andCompliance Officer of the company.
Other Changes if any occurred after the closure of financial year:
No changes occurred after the closure of the financial Year.
During the financial year 2021-22 Six (6) meetings of the board wereheld with the presence of necessary quorum in all the meetings. The maximum gap betweenany two meetings was as stipulated under the Companies Act 2013 and SEBI (ListingObligations and Disclosure Requirement) Regulations 2015. The details of board meetingheld and attendance of directors are provided in corporate governance report forming partof this annual report.
Committees of the Board
The company has constituted/reconstituted various board levelcommittees in accordance with the requirements of Companies Act 2013 and SEBI (LODR)regulations 2015. The board has following committees as under:
i. Audit committee
ii. Nomination & remuneration committee
iii. Stakeholders relationship committee
iv. Corporate social responsibility committee
v. Finance committee
The details of the composition of committees and the number of meetingsheld and attendance of directors at such meetings are provided in the corporate governancereport which forms part of this annual report.
The audit committee of the board currently headed by an independentdirector as chairperson meets at regular intervals to discharge its terms of referenceeffectively and efficiently. During the year under review there were no instances whererecommendations of the audit committee were not accepted by the board.
Nomination and Remuneration Policy
The company has framed and adopted a policy on nomination andremuneration of directors key managerial personnel and other employees of the company inline with the provisions of section 178 of the Companies Act 2013 and Part D of ScheduleII of SEBI (LODR) Regulations 2015. The policy is available on the website at:https://www.alphageoindia.com/ Policies.htm.
It is affirmed that the appointment and remuneration of directors keymanagerial personnel and all other employees are in accordance with the remunerationpolicy of the company. The remuneration paid to the executive and non-executive directorsof the company during the year under review have been detailed in the corporate governancereport forming part of this annual report
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 given in Annexure-IV forming part of this report.
Whistle Blower/Vigil Mechanism
The Company has adopted a whistle blower policy to provide a formalmechanism to the directors and employees to deal with the instances of unethical behavioractual or suspected fraud or violation of the company's code of conduct or ethicspolicy. The policy provides for adequate safeguards against victimisation of persons whoavail the mechanism and provides direct access to the chairman of audit committee of theboard.
The audit committee periodically reviews the whistle blower policy. Itis affirmed that no personnel of the company have been denied access to the chairman ofthe audit committee. The whistle blower policy has been posted on the company'swebsite at http://www. alphageoindia.com/ Policies.htm.
Declaration by Independent Directors
The company has received necessary declaration from all the independentdirectors of the company under the provisions of the Companies Act 2013 that they meetthe criteria of independence laid down in section 149(6) of the Companies Act 2013 andregulation 25 of SEBI (LODR) Regulations 2015.
Meeting of Independent Directors
Details of separate meeting of independent directors held are providedin the report on corporate governance forming part of this annual report.
Board Induction and Familiarization Programme For Independent Directors
Prior to the appointment of an independent director the company sendshim/her a formal appointment letter which explains the role functions andresponsibilities expected from him/her as a director of the company. The details of theboard familiarization programme are explained in the corporate governance report formingpart of this annual report and also accessible on the website of the company.
Annual Evaluation of Board Performance and Performance of itsCommittees and of Directors
Pursuant to the provisions of section 178 of the Companies Act 2013read with rules made thereunder and regulation 17 of SEBI (LODR) 2015 the Board hascarried out an annual evaluation of its own performance performance of the directorsindividually and the working of its various committees as per the evaluation criteriadefined by nomination and remuneration committee for performance evaluation process of theboard its committees and directors.
The evaluation has been carried out through a structured questionnairecovering various aspects of the board's functioning such as adequacy of thecomposition of the board and its committees board culture execution and performance ofspecific duties obligations independence governance ethics and values adherence tocorporate governance norms interpersonal relationships attendance and contribution atmeetings etc. Performance evaluation of independent directors was done by the entireboard excluding the independent director being evaluated. The evaluation process has beenexplained in the corporate governance report which forms part of this annual report.
During the year under review the company has not extended any loansand given guarantees to any other person or body corporate.
Particulars of Contracts or Arrangements With Related Parties
All contracts/ arrangements/ transactions entered by the company duringthe year under review with related parties were in the ordinary course of business and areon an arm's length basis and are in compliance with the applicable provisions of theAct and the Listing Regulations. The particulars of such transactions with related partieshave been disclosed at note no. 42 in the standalone financial statements as requiredunder IND AS 24- related party disclosures and as specified under section 133 of the Actread with rule 7 of the Companies (Accounts) Rules 2014 as amended.
There were no materially significant related party transactions made bythe company during the year that required shareholders' approval under regulation 23of the listing regulations or which may have a potential conflict with the interests ofthe company during the financial year.
During the year there were no contracts or arrangements ortransactions entered into with the related parties other than at arm's length price.Accordingly there were no transactions during the year ended 31st March 2022required to be reported in Form AOC-2 of the Companies (Accounts) Rules 2014.
The Company has adopted a Policy for dealing with the transactions withrelated parties in line with the provisions of the Companies Act 2013 and ListingRegulations which is available on the company's website athttp://alphageoindia.com/Policies.htm
Corporate Social Responsibility (CSR)
In compliance with the provisions of section 135 of the Companies Act2013 the board has constituted a corporate social responsibility committee which monitorsand oversees various CSR initiatives and activities of the company. The composition of thecorporate social responsibility committee is provided in the corporate governance reportwhich forms part of this annual report. The company's CSR policy is available on thewebsite at http://alphageoindia.com/Policies.htm.
The company is undertaking CSR initiatives in compliance with scheduleVII to the Companies Act 2013. During the year under review the company primarilyextended its support to the projects in the areas of promoting education promotinghealthcare and rural development. The annual report on CSR activities undertaken duringthe financial year 2021-22 in terms of the requirements of the Companies (CorporateSocial Responsibility Policy) Rules 2014 is annexed as Annexure-V to this report.
Reasons for not spending the amount earmarked for CSR activities:
During the FY2021-22 the company ought to have spent C 54.96 Lakhs onCSR activities. The actual spent during the year was C 29.66 Lakhs. Despite best effortsand due to procedural requirements and delay in fulfillment of project-related obligationsby the local/public authorities along with whom the company is carrying out the projectthe company has been unable to execute its identified projects/activities.
Pursuant to the provisions of section 135 of the Companies Act 2013read with the Companies (Corporate Social Responsibility Policy) Rules 2014 the companyhas deposited the unspent amount of C 25.30 Lakhs pertaining to the ongoing projectsrelated to CSR in a separate Bank account called "Unspent CSR Account". Theamount transferred to the "Unspent CSR Account" will be spent in the specifiedmanner within the prescribed timelines.
Report on Corporate Governance
Pursuant to regulation 34 of the Listing Regulations a report oncorporate governance for the financial year 2021-22 forms an integral part of this report.The requisite certificate from a practicing company secretary confirming compliance withthe mandatory requirements relating to corporate governance as stipulated under thelisting regulations is attached to the report on corporate governance.
Management Discussion and Analysis Report
Management's discussion and analysis report for the year underreview as stipulated under regulation 34 of the listing regulations is presented in aseparate section forming part of this annual report
The company continuously identifies the risks that it faces such asstrategic financial liquidity regulatory legal and other risks assesses and evaluatesthe same in line with the overall business objectives functioning and growth of thecompany.
The details of the risk management framework and issues related theretohave been explained in the management discussion and analysis report.
Business Responsibility Report
As per the criteria laid under regulation 34 of SEBI Listingregulations 2015 the business responsibility report is not applicable to the company forthe financial year ended 31st March 2022
Internal Financial Controls and its adequacy
The company has in place an adequate internal financial control systemwith reference to financial statements and such internal financial controls are operatingeffectively and no deficiencies have been observed during the year under review.
The company's internal control systems are well established andcommensurate with the nature of its business and the size and complexity of itsoperations. The audit committee reviews the adequacy and effectiveness of thecompany's internal control system.
Reporting of Frauds
There were no instances of frauds during the year under review whichrequired the statutory auditors to report to the audit committee and/or the board undersection 143(12) of the Companies Act 2013 and the rules made thereunder.
Code of Conduct
A declaration regarding compliance with the code of conduct signed bythe company's chairman and managing director is published in the corporate governancereport which forms part of this annual report.
In terms of Section 92(3) the Companies Act 2013 and Rule 12 of theCompanies (Management and Administration) Rules 2014 the Draft Annual Return of theCompany for the financial year ended on 31st March 2022 is available on thewebsite of the Company at the link: https://www.alphageoindia.com/Annual%20Returns.htm
Policy on Prevention Prohibition and Redressal of Sexual Harassment atWorkplace
The company has a policy for "Prevention and prohibition of sexualharassment of women at workplace" in line with the requirements of the sexualharassment of women at workplace (Prevention Prohibition and Redressal) Act 2013 whichaims to provide protection to employees at workplace with the objective of providing asafe working environment. The company has constituted an internal complaints committee toredress complaints regarding sexual harassment. During the year under review the companyhas not received any complaints pertaining to sexual harassment. The policy is availableon the company's website at: http://www.alphageoindia.com/Policies.htm.
Employee's Stock Option Scheme
Stock option to employees is being administered under the scheme titled"Alphageo ESOS 2008". Under this scheme 2 35067 stock options are availablefor granting to employees and there are no enforceable stock options outstanding as on 31stMarch 2022.
Conservation of Energy Technology Absorption Foreign ExchangeEarnings and Outgo
The information on conservation of energy technology absorption andforeign exchange earnings and outgo stipulated under section 134(3) (m) of the CompaniesAct 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: || |
| ||2021-22 ||2020-21 |
| ||C in Lakhs ||C in Lakhs |
|Foreign exchange earnings ||Nil ||Nil |
|Foreign exchange outgo: || || |
|CIF value of imports ||6 ||2821 |
|Expenditure in foreign currency ||87 ||194 |
Significant and Material Orders Passed by the Courts / Regulators
There are no significant and material orders passed during the year bythe regulators courts or tribunals impacting the going concern status of the company andits operations in future.
Director's Responsibility Statements under Section 134 of theCompanies Act 2013
Pursuant to the requirement under section 134 of the Companies Act2013 with respect to directors' responsibility statement the board of directors ofthe company hereby confirms that: i. in the preparation of the annual accounts of thecompany both standalone and consolidated for the year ended 31st March 2022the applicable accounting standards read with requirements set out under schedule III tothe Companies Act 2013 have been followed and that there are no material departures fromthe same;
ii. the directors have selected such accounting policies and madejudgments and estimates that are reasonable and prudent so as to give a true and fair viewof the state of affairs of the company as at 31st March 2022 and of theprofit/(loss) for the year ended on that date;
iii. the directors have taken proper and sufficient care for themaintenance of adequate accounting records in accordance with the provisions of theCompanies Act 2013 for safeguarding the assets of the company and for preventing anddetecting fraud and other irregularities;
iv. the annual accounts for the year ended 31st March 2022have been prepared on a going concern basis;
v. adequate internal financial controls have been laid down and suchcontrols are operating effectively;
vi. proper and adequate systems to ensure compliance with theprovisions of all applicable laws have been devised and such systems are operatingefficiently.
Details of Application made or proceeding pending under Insolvency andBankruptcy Code 2016 during the year along with their status as at the end of thefinancial year.
During the year under review and at the end of financial year 31stMarch 2022 there were no applications made or proceedings pending in the name of theCompany under the Insolvency and Bankruptcy Code 2016.
Details of difference between amount of the valuation done at the timeof one time settlement and the valuation done while taking loan from the Banks orFinancial Institutions along with the reasons thereof
During the year under review there has been no one time settlement forloans from Banks and Financial Institutions have been made.
We express our sincere appreciation and thank our valued shareholdersemployees clients vendors investors bankers and other business associates for theirco-operation and continued support to the company.
We appreciate the sincere and dedicated services of every member ofAlphageo family.
| ||For Alphageo (India) Limited |
|Hyderabad ||Dinesh Alla |
|27th May 2022 ||Chairman and Managing Director |