Your Directors are pleased to present the 33rd Annual Report of Alphageo (India)Limited ("the Company") on business and operations of the Company along with theAudited Financial Statements both standalone and consolidated for the financial yearended March 31 2020.
The financial performance of the Company for the year ended March 31 2020 on aStandalone and Consolidated basis is summarised below: ( in lakhs)
|Particulars || |
| ||2019-20 ||2018-19 ||2019-20 ||2018-19 |
|Revenue from Operations ||26752 ||40508 ||26752 ||40508 |
|Other Income ||375 ||507 ||395 ||508 |
|Total Revenue ||27127 ||41015 ||27147 ||41016 |
|Profit Before Finance costs and Depreciation ||1987 ||10664 ||2315 ||10745 |
|Finance Cost ||251 ||297 ||251 ||298 |
|Depreciation and Amortisation ||2685 ||2682 ||2835 ||3201 |
|Profit Before Tax ||(949) ||7685 ||(771) ||7246 |
|Tax Expenses ||61 ||2695 ||106 ||2705 |
|Profit After Tax ||(1010) ||4990 ||(877) ||4541 |
|Earnings Per Share of . 10/- each || || || || |
|Basic ( .) ||(15.87) ||78.40 ||(13.77) ||71.35 |
|Diluted ( .) ||(15.87) ||78.40 ||(13.77) ||71.35 |
COVID-19 and its impact
Consequent to the nationwide lockdown due to COVID-19 the Company had to temporarilysuspend its operations as per the directives of the Government and keeping in mind theparamount need of safety of its employees. The emergence of COVID-19 pandemic and thesubsequent lockdown during the month of March and the first quarter
-21 has adversely affected the of seismic survey operations as these are the mostproductive periods for carrying out the seismic services that the Company executes for itsclients. This has also of the Company due to non- impacted the fulfilment of theobligations of its clients. The situation created by COVID-19 continues to hold someuncertainties for the future however the Management is making all efforts to resume theoperations post monsoon.
Operational and Financial Performance
The effect of events that took place beyond the management control including lockdowndue to
COVID-19 pandemic resulted in lesser days during the current financial year. Theoperation for the year 2019-20 26752is Lakhs
40508 lakhs for the previous year; the before tax as -949 lakhs and the profit/lossafter tax of
-1010 lakhs for 2019-20.
The Equity of the Shareholders on standalone basis is
22710 lakhs as on March 31 2020 as compared to 24963 lakhs as on March 31 2019.
Your directors are of opinion that having sizeable executable orders on hand theCompany will strive to achieve the operational and financial performance in forthcomingfinancial years.
On a consolidated basis the operational income for the year 2019-20 is 26752 lakhsagainst 40508 lakhs for the previous year. The Profit/Loss before Tax for the year 2019-20is -771 lakhs against 7246 lakhs in the previous year. The Profit/Loss after Tax for theyear 2019-20 is -877 lakhs against 4541 lakhs in the previous year.
The paid-up Equity Share Capital of the Company as on March 31 2020 is 636.48 lakhscomprising of 6364767 equity shares of 10 each. During the year under review theCompany has not issued or allotted any shares of the Company. The Company does have anyoutstanding warrants or any convertible instruments as on March 31 2020.
Transfer to Reserves
The Company has not transferred/ appropriated any amount to the General Reserve duringthe year ended March 31 2020.
Pursuant to the approval of Board of Directors on March
6 2020 the Company declared an interim dividend of
8/- per equity share of 10/- each for the financial year 2019-20. The dividend pay-outfor the interim dividend amounted to 50918136 and dividend distribution tax amounted to10466373.
The interim dividend has been paid to all the shareholders who were on the register ofmembers as on March
17 2020 being the record date fixed for this purpose. The Board has not recommended afinal dividend and incomeaccordingly recommends that the interim dividend offrom `
8/- declared in March 2020 shall be considered as the profit/loss final dividend forthe financial year 2019-20.
Material changes and commitment if any affecting financial position of the Companyfrom the end of the financial year till the date of this Report
There has been no material change and commitment affecting the financial performanceof the Company which occurred between the end of the Financial Year of the Company towhich the financial statements relate and the date of this Report except for the impactarising out of COVID-19.
The Company has one 100% owned foreign Subsidiary
Alphageo International Limited incorporated in Jebel Ali
Free Zone Area in Dubai and one 100% owned First Level
Step Down Subsidiary Alphageo DMCC incorporated under Dubai Multi Commodities Center(DMCC)
Alphageo Marine Services Private Limited (AMSPL)
AMSPL was incorporated in the year 2017 for providing marine survey services and aerialgeophysical services.
No commercial activities have been carried on by the subsidiary company during the year2019-20.
Alphageo Offshore Services Private Limited (AOSPL)
AOSPL was incorporated in the year 2018 as wholly-owned subsidiary of the Company forundertaking commercial activities relating to providing geophysical services for offshoreand transition zones and general offshore related services for mining and hydrography.
This subsidiary company has not yet commenced its business operation.
Performance of Subsidiaries:
Pursuant to the provisions of Section 129(3) of the Companies Act 2013 a statementcontaining the salient features of financial statements of the Company's subsidiaries inForm AOC-1 is annexed as Annexure-I to this report.
In compliance with section 136 of the Companies Act 2013 the Financial Statements ofthe Subsidiaries are available on the website of the Company and also will be madeavailable upon the request by any member of the Company.
The Company does not have any Associate or Joint
Venture Companies. Further the Company has adopted a policy for determining"Material Subsidiary" in terms of Regulation 16(c) of SEBI (Listing Obligationsand Disclosure Requirements) Regulations 2015 which can be viewed on the Company'swebsite at http://www. alphageoindia.com/Policies.htm. In accordance with the aforesaidregulations the Company has no material subsidiary as on March 31 2020.
Consolidated Financial Statements
The Consolidated Financial Statements of the Company and its Subsidiaries for thefinancial year ended March 31 2020 prepared in compliance with the Indian AccountingStandards notified under Section 133 the Companies Act 2013 Section 129(3) of CompaniesAct 2013 and
SEBI (Listing Obligations and Disclosure Requirements)
Regulations 2015 together with Auditors' Report thereon form part of this AnnualReport.
Change in the nature of business
The Company continues to be in the business of providing Geophysical Data AcquisitionProcessing and Interpretation services and there has been no change in the nature ofbusiness of the Company or any of its subsidiaries during the year under review.
Section 124 of the Companies Act 2013 read with
Investor Education and Protection Fund Authority
(Accounting Audit Transfer and Refund) Rules 2016 (the Rules') mandates theCompanies to transfer dividend that has remained unpaid/unclaimed for a period of sevenyears from the unpaid dividend account to the Investor Education and Protection Fund(IEPF).
The details of the unclaimed dividend lying with the Company are available on thewebsite of the Company at the web link: http://alphageoindia.com/Unclaimed%20Dividends.htm.
Transfer of Unpaid and Unclaimed Amounts to Investor Education and Protection Fund("IEPF") a) Transfer of Unclaimed Dividend to IEPF:
Pursuant to the provisions of Section 124 of Companies Act 2013 read with IEPF(Accounting Audit Transfer and Refund) Rules 2016 dividends which remain unpaid orunclaimed for a period of seven years from the date of its transfer to unpaid dividendaccount are required to be transferred by the Company to Investor Education and ProtectionFund ("IEPF") established by the Government of
India under the provisions of Section 125 of the Companies Act 2013.
During the year under review there is no unclaimed divided required to be transferredto the Account of
b) Transfer of Shares to IEPF:
Section 124(6) of Companies Act 2013 read with
IEPF (Accounting Audit Transfer and Refund)
Rules 2016 mandates transfer of underlying shares in respect of which dividend hasnot been paid or claimed for seven consecutive years or more in the name of InvestorEducation and Protection Fund.
During the year under review the Company is not required to transfer shares to theIEPF Authority pursuant to the aforesaid rule.
The details of shares transferred to IEPF during the previous years are displayed onthe website of the Company. The shareholders whose shares have been transferred to theIEPF Authority can claim their shares from the Authority by following the Refund Procedureas detailed on the website of IEPF
Auditors and Audit Reports a) Statutory Auditors:
In terms of the provisions of section 139 of the Companies Act 2013 read withCompanies (Audit and Auditors) Rules 2014 M/s Majeti & Co. Chartered AccountantsHyderabad (ICAI
Registration No. 015975S) have been appointed as Statutory Auditors of the Company tohold office from the conclusion of 30th Annual General meeting till the conclusion of 35thAnnual General Meeting of the Company to be held in the calendar year 2022.
In accordance with the amendment to the provisions of Section 139 by the CompaniesAmendment Act 2017 notified on May 7 2018 by the Ministry of
Corporate Affairs the appointment of Statutory
Auditors is not required to be ratified by the at every Annual General Meeting.
Audit Report on Financial Statements:
The Statutory Auditors has issued on the Financial Statements of the Company for theyear ended March 31 2020.
Details of Audit Qualification:
"The Company is subjected to the proceedings under section 132 of the Income TaxAct. As per the information and explanations given to us by the Management consequentialimpact of the search proceedings if any are presently unascertainable and no provisionhas been made in the standalone financial statements".
Board's Explanation to the qualification in the Audit
The Company has not received any statement from the IT Officials on the conclusivefindings of the search conducted by the Income Tax Department under 132 of the Income TaxAct 1961 and hence the consequences of the same is presently unascertainable.
b) Secretarial Auditors:
Pursuant to the provisions of Section 204 of the Companies Act 2013 and rulesthereunder M/s. D. Hanumanta Raju & Co. Practicing Company Secretaries Hyderabadwere appointed to conduct the secretarial audit of the Company for the year
2019-20. The Secretarial Auditors have issued modified Secretarial Audit Report for theyear ended March 31 2020. The Report issued by them is appended herewith as Annexure II.
Details of Qualification:
The Secretarial Auditors in its Report have mentioned the non-compliance with respectto the composition of Board of Directors Audit Committee and Nomination and RemunerationCommittee as per the Listing Regulations.
Board's Explanation to the
During the quarter ended September 30 2019 two of the Independent Directors of theCompany resigned from the Board resulting in change in the composition of Board. Inabsence of requisite number of independent directors on the Board of the Companyreport
the composition of Board of Directors was Not in conformity with the provisionsof the Companies Act 2013 and Listing Regulations during the quarter ended September 302019 and December 31 2019;
the composition of Audit Committee and
Nomination and Remuneration Committee of the Board were not in conformity with theprovisions of the Companies Act 2013 and
Listing Regulations during the quarter ended September 30 2019.
However subsequent to the appointment of independent directors during the year thecomposition of Board of Directors Audit Committee and Nomination and RemunerationCommittee are in conformity with the applicable provisions of the
Companies Act 2013 and Listing Regulations as on March 31 2020.
c) Cost Audit and Cost Records:
Maintenance of cost records and requirement of cost audit as prescribed under theprovisions of
Section 148(1) of the Companies Act 2013 are applicable for the business activitiescarried out by the Company.
Directors and Key Managerial Personnel
Appointments and Re-appointments of Directors:
During the year Mr. Mahendra Pratap and Mr. Vinay
Kumar Verma were appointed as Additional Directors of the Company under Independentcategory with the approval of the Board effective from October 17 and February 7 2020respectively. Their appointment as Independent Directors will be placed in 33rd AnnualGeneral Meeting of the Company for the approval of members of the Company.
During the year under review Mr. Mohanakrishna Reddy Aryabumi Non-Executive andIndependent Director and Mr. Ashwinder Bhel Non-Executive
Independent Director of the Company resigned from the
Board effective from July 31 2019 and August 1 2019 respectively. The Board placeson record its appreciation for the valuable contribution made by them during theirassociation with the Company.
Retirement by Rotation:
Mr. Rajesh Alla Non-Executive Director retired by rotation has been re-appointed asDirector of the Company at the 32nd Annual General Meeting held on September 30 2019.
Further as per the provisions of Section 152(6) of Companies Act 2013 and in terms ofthe Articles of Association of the Company Mr. Rajesh Alla retires by rotation at theensuing Annual General Meeting and being eligible seeks re-appointment. The recommendshis re-appointment for the approval of Members.
Particulars of Remuneration to Directors and Key Managerial Personnel:
Particulars of Remuneration to Directors and Key not Managerial Personnel as requiredunder section 197(12) of the Act read with Rule 5(1) of Companies (Appointment andRemuneration of Managerial Personnel) Rules
2014 as amended are given in Annexure-III and forms part of this Report.
Changes in Key Managerial Personnel:
During the year Mr. Sesham Purushotham has been appointed as Chief Financial Officerof the Company with effect from September 15 2019 with approval of the Board in place ofMr. Venkatesa Perumallu Pasumarthy erstwhile Chief Financial Officer who tendered hisresignation effective from September 14 2019.
Board and Committee Meetings
The details of the composition of the Board and its Committees and the number ofmeetings held and attendance of Directors at such meetings are provided in the CorporateGovernance Report which forms part of the Annual Report.
The Audit Committee of the Board currently headed by an Independent Director asChairperson meets at regular intervals to discharge its terms of reference effectively andefficiently. During the year under review there were no instances where recommendationsof the
Audit Committee were not accepted by the Board.
Directors Responsibility Statements under Section 134 of the Companies Act 2013
Pursuant to the requirement under Section 134 of the Companies Act 2013 with respectto Directors' Responsibility Statement it is hereby confirmed that:
i. in the preparation of the Annual Accounts of the the Company both standalone andconsolidated for the year ended March 31 2020 the applicable accounting standards readwith requirements set out under Schedule III to the Companies Act 2013 have been followedand that there are no material departures from the same; ii. the Directors have selectedsuch accounting policies and made judgments and estimates that are reasonable and prudentso as to give a true and fair view of the state of affairs of the Company as at
March 31 2020 and of the profit/(loss) for the year ended on that date;
iii. the Directors have taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of the
Companies Act 2013 for safeguarding the assets the Company and for preventing anddetecting fraud and other irregularities;
iv. the Annual Accounts for the year ended March 31 2020 have been prepared on a goingconcern basis;
v. adequate internal financial controls have been laid down and such controls areoperating effectively;
vi. proper and adequate systems to ensure compliance with the provisions of allapplicable laws have been devised and such systems are operatingefficiently; and
vii. there are no instances of frauds involving the officers or employees of theCompany reported by the Auditor under section 143(12) of the Act during the year endedMarch 31 2020.
Particulars of Remuneration to Employees
The details of remuneration to Employees as required under Rule 5(2) read with Rule5(3) of Companies
(Appointment and Remuneration of Managerial
Personnel) Rules 2014 as amended are Annexure-IV and form part of this Report.
Annual Evaluation of Board Performance and Performance of its Committees and ofDirectors
Pursuant to the applicable provisions of the Companies
Act 2013 and Listing Regulation the Board has carried out an annual evaluation of itsown performance performance of the Directors individually and the working of its variouscommittees as well on the evaluation criteria defined by Nomination and Remuneration
Committee for performance evaluation process of the
Board its Committees and Directors.
The evaluation has been carried out through a structured questionnaire covering variousaspects of the Board's functioning such as adequacy of composition of the Board and itsCommittees Board culture execution and performance of obligations independencegovernance ethics and values adherence to corporate governance norms interpersonalrelationships attendance and contribution at meetings etc. Performance evaluation ofIndependent
Directors was done by the entire Board excluding the ofIndependent Director beingevaluated. The evaluation process has been explained in the Corporate Governance
Report which forms part of this Annual Report.
Declaration by Independent Directors
The Company has received necessary declaration from all the Independent Directors ofthe Company under the provisions of the Companies Act 2013 that they meet the criteria ofindependence laid down in Section 149(6) of the Companies Act 2013 and Regulation 25 ofSEBI (LODR) Regulations 2015.
Nomination and Remuneration Policy
The Company has framed and adopted a policy on Nomination and Remuneration ofDirectors Key Managerial Personnel and other employees of the
Company in line with the provisions of section 178 of the Companies Act 2013 and PartD of Schedule II of SEBI (LODR) Regulations 2015. The Policy is available on the websiteat: http://alphageoindia.com/Policies.htm.
It is affirmed that the appointment and remuneration of Directors Key ManagerialPersonnel and all other employeesgiven in are in accordance with the Remuneration
Policy of the Company. The remuneration paid to the executive and non-executivedirectors of the Company during the year under review have been detailed in the CorporateGovernance Report which forms part of the
Particulars of Loans Guarantees or Investments
The Company has not extended any loans guarantees or investments to any other personor body corporate during the year ended March 31 2020.
Particulars of Contracts or Arrangements with Related Parties
The Company has adopted a Policy for dealing with the transactions with related partiesin line with the provisions of the Companies Act 2013 and SEBI Regulations 2015 whichis available on the Company's website at http://alphageoindia.com/Policies.htm.
All contract and transactions entered into with related parties as defined under theCompanies Act during the year under review were in the ordinary course of business andon an arm's length basis are in compliance with the applicable provisions of the
Companies Act 2013 and the Listing Regulations. All related parties transactions wereplaced before the Audit
Committee for prior approval. The particulars of such transactions with related partieshave been disclosed at note no. 36 in the standalone financial statements as requiredunder Ind AS 24- Related Party Disclosures and as specified under section 133 of the Act2013 read with Rule 7 of the Companies (Accounts) Rules 2014.
Party There were no materially
Transactions made by the Company during the year that required shareholders' approvalunder Regulation 23 of the Listing Regulations or which may have a potential conflict withthe interests of the Company during the financial year.
During the year there were no contracts or arrangements or transactions entered intowith the related parties other than at arm's length price. Accordingly there notransactions during the year ended March 31 required to be reported in Form AOC-2 of the(Accounts) Rules 2014.
Corporate Social Responsibility (CSR)
In compliance with the provisions of Section 135 of the Companies Act 2013 the Boardhas formed a Corporate
Social Responsibility Committee which monitors and oversees various CSR initiatives andactivities of the
Company. The Company's CSR Policy is available on website athttp://alphageoindia.com/Policies.htm.
During the year under review the Company primarily extended its support to theprojects in the areas promoting education enhancing vocational skills and promotinghealthcare including preventive health care.
During the year the Company as part of its social responsibility also extended itssupport to PM-CARES Fund towards COVID-19 relief.
The annual report on CSR activities undertaken during the financial year 2019-20 isappended as Annexure-V to this Report.
Reasons for not spending the amount earmarked for CSR Activities:
During the year 2019-20 the Company allocated an and amount of ` 290.27 Lakhs to bespent on corporate social responsibility (CSR) activities which included the unspentamount of ` 132.63 Lakhs of 2018-19 carried forward for spending in forthcoming years. Outof this the Company spent ` 72.56 Lakhs during the year under review. The unspent amountof `. 217.71 Lakhs has been carried forwarded for spending in the forthcoming years.
Company has also started identifying appropriate CSR projects in the areas around thesites where it operates by coordinating with the local elected representativesnongovernmental organisations and Government agencies.
The Company is continuously extending its effort for making contributions to varioussocially useful projects and is confident of meeting the statutory requirement in thecoming financial year.
Report on Corporate Governance
Pursuant to Regulation 34 of the Listing Regulations a detailed report on CorporateGovernance for the financial year 2019-20 is provided in a separate section and forms partof the Annual Report. The Certificate from a Practicing Company Secretary confirmingcompliance with the mandatory requirements relating to corporate governance as stipulatedunder Chapter IV of the Listing Regulations forms part of the Corporate the GovernanceReport.
Management Discussion and Analysis Report
of In terms of the provisions of Regulation 34 of the Listing Regulations ManagementDiscussion and Analysis
Report for the year under review is presented in a separate section and forms part ofthe Annual Report
The Company continuously identifies the risks that it faces such as strategicfinancial liquidity regulatory legal and other risks and assesses and evaluates thesame in line with the overall business functioning and growth of the Company.
The details of the risk management framework and issues related thereto have beenexplained in the
Management Discussion and Analysis Report.
Internal Financial Controls and its Adequacy
The Company has in place an adequate internal financial control system with referenceto financial statements and such internal financial controls are operating effectively andno deficiencies have been observed during the year under review.
Reporting of Frauds
There were no instances of frauds during the year under review which required theStatutory Auditors to report to the Audit Committee and/or the Board under Section143(12)of the Companies Act 2013 and the rules made thereunder.
Whistle Blower/Vigil Mechanism
The Company has adopted a Whistle Blower Policy to provide a formal mechanism to thedirectors and employees to deal with the instances of unethical behaviour actual orsuspected fraud or violation of the
Company's Code of Conduct or Ethics Policy. The Policy provides for adequate safeguardsagainst victimisation of persons who avail the mechanism and provides direct access tothe Chairman of Audit Committee of the
The Audit Committee periodically reviews the Whistle
Blower Policy. It is affirmed that no personnel of
Company have been denied access to the Chairman of the Audit Committee. The WhistleBlower Policy been posted on the Company's website at http://www alphageoindia.com/Policies.htm
Policy on Prevention Prohibition and Redressal. of Sexual Harassment at Workplace
The Company has zero tolerance for sexual harassment at workplace and has adopted aPolicy on prevention prohibition and redressal of sexual harassment at workplace in linewith the requirements of the Sexual
Harassment of Women at Workplace (Prevention Prohibition and Redressal) Act 2013.ThePolicy aims to provide protection to employees at workplace with the objective ofproviding a safe working environment. The
Company has set up an Internal Complaints Committee to redress complaints regardingsexual harassment.
During the year under review no complaint of sexual harassment has been reported. ThePolicy is available on the Company's website at: http://www.alphageoindia.com/Policies.htm.
Extract of Annual Return
Pursuant to the provisions of Section 36 of the Companies (Amendment) Act 2017notified effective from July 31 2018 read with Section 92(3) of the Companies Act 2013the extract of the Annual Return in the prescribed form i.e. Form MGT-9 is placed on theCompany's website at: http://www.alphageoindia.com/ Other_Information.htm.
The Company has not accepted any deposits covered under Chapter V of Companies Act2013 and also any other deposit which is not in compliance with the requirements ofChapter V of the Companies Act 2013.
Compliance with Secretarial Standards
During the year under review the Company has complied with all the applicableSecretarial Standards issued by the Institute of Company Secretaries of India (ICSI).
Employees Stock Option Scheme
Stock option to Employees is being administered under the scheme titled "AlphageoESOS 2008". Under this scheme 235067 stock options are available for .granting toEmployees and there are no enforceable stock options outstanding as on March 31 2020.
Conservation of Energy Technology Absorption Foreign Exchange Earnings and Outgo
The information on Conservation of Energy Technology Absorption and Foreign ExchangeEarnings and Outgo stipulated under Section 134(3)(m) of the Companies Act 2013 read withRule 8(3) of the Companies (Accounts) Rules 2014 are provided below:
|a. Conservation of Energy: || |
|b. Technology Absorption: ||Nil || |
|c. Foreign Exchange Earnings and Outgo: || || |
| ||2019-20 ||2018-19 |
| ||`in Lakhs ||`in lakhs |
|Foreign Exchange Earnings ||Nil ||Nil |
|Foreign Exchange Outgo: || || |
|CIF Value of Imports ||1622 ||653 |
|Expenditure in Foreign ||757 ||797 |
|Currency || || |
Significant and Material Orders passed by the Courts / Regulators
There are no significant and material orders passed during the year by the regulatorscourts or tribunals impacting the going concern status of the Company and its operationsin future.
Your Directors take this opportunity to thank the employees clients vendorsinvestors members bankers and other business associates of the Company for theirco-operation and valuable support extended during the year.
Your Directors appreciate and value the contributions made by every member of Alphageofamily.
| ||For Alphageo (India) Limited |
|Hyderabad ||Dinesh Alla |
|June 29 2020 ||Chairman and Managing Director |
(Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 ofCompanies (Accounts) Rules 2014)
Statement containing salient features of the Financial Statement of Subsidiaries forthe year ended March 31
(Amount in Rupees)
|S. No. Particulars ||Alphageo International Limited Dubai ||Alphageo DMCC Dubai ||Alphageo Marine Services Private Ltd. India ||Alphageo Offshore Services Private Ltd. India |
|1 The Date since when Subsidiary was acquired ||June 10 2010 ||January 30 2011 ||October 25 2017 ||April 26 2018 |
|2 Reporting currency ||USD ||USD ||INR ||INR |
|3 Exchange rate as on 31.03.2019 ||75.3859 ||75.3859 ||1 ||1 |
|4 Share Capital ||214702586 ||4088177 ||1000000 ||100000 |
|5 Reserves & Surplus ||(993285) ||221901412 ||(590856) ||(82112) |
|6 Total assets ||213969534 ||227025844 ||440044 ||65088 |
|7 Total liabilities ||260232 ||1036255 ||30900 ||47200 |
|8 Investments (Excluding Investment in Subsidiary) ||NIL ||NIL ||NIL ||NIL |
|9 Turnover ||NIL ||42090511 ||NIL ||NIL |
|10 Profit/(Loss) before taxation ||(464905) ||20251819 ||(24880) ||(36996) |
|11 Provision for taxation ||NIL ||4465785 ||NIL ||NIL |
|12 Profit/(Loss) after taxation ||(464905) ||15786034 ||(24880) ||(36996) |
|13 Proposed dividend ||NIL ||NIL ||NIL ||NIL |
|14 % of Shareholding by Holding Company ||100 ||100 ||74 ||100 |
1. Alphageo DMCC Dubai is 100% owned Subsidiary of Alphageo International Limited andFirst Level Step down Subsidiary of Alphageo (India) Limited.
2. Alphageo Marine Services Private Limited is an Indian subsidiary incorporated onOctober 25 2017.
3. Alphageo Offshore Services Private Limited is 100% owned Indian subsidiaryincorporated on April 26 2018.
| ||For Alphageo (India) Limited |
|Hyderabad ||Dinesh Alla |
|June 29 2020 ||Chairman and Managing Director |