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Geekay Wires Ltd.

BSE: 535003 Sector: Engineering
NSE: GEEKAYWIRE ISIN Code: INE669X01016
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Geekay Wires Ltd. (GEEKAYWIRE) - Director Report

Company director report

Dear Shareholders

Your Directors take immense pleasure in presenting the 31st Annual Report on thebusiness and operations of the Company together with the Audited Financial Statements forthe Financial Year ended March 31 2020.

1. FINANCIAL RESULT

Financial results of your Company for the year ended 31st March 2020 aresummarized below:

PARTICULARS 2019-20 2018-19
Income from Operations 1904002829 2178285006
Other Income 71077049 68330531
Total Revenues 1975079878 2246615537
Operating expenditure 1793535115 2096967835
Earnings before Interest Tax Depreciation and Amortization (EBITDA) 181544763 149647702
Finance costs 66313701 77932101
Depreciation and amortization expense 25748467 22291189
Profit before exceptional item and Tax 89482595 49424412
Exceptional Item - 292270
Profit before Tax (PBT) 89482595 49716682
Tax expense 24598053 21068074
Profit after Tax (PAT) 64884542 28648608

2. COMPANY'S PERFORMANCE

The Company's revenue from operations for FY 2019-20 was Rs. 1904002829/- comparedto Rs. 2178285006/- in the previous year a decrease of (12.59%) over the previousyear. The main reason for the same is Coronavirus pandemic which affected the sales in thelast quarter of the year. The Company's profit before exceptional items and tax was Rs.894 82595/- during the year compared to Rs. 49424412/- in the previous year anincrease of 81.05 % over the previous year. The Company earned a net profit aftertax of Rs. 64884 542/- as against a net profit after tax of Rs. 28648608/- in theprevious year higher by 126.48%.

3. DIVIDEND

The Board has not recommended any dividend for the financial year under review.

4. DECLARATION OF DIVIDEND

The Board has not recommended any dividend for the financial year 2019-20.

Declaration of Interim Dividend

The Board of Directors at their meeting held on 20th of August 2020 waspleased to declare the Interim Dividend for the current F.Y 2020-21 at Rs. 2.00/- pershare on the Paid up equity shares of the Company to all the shareholders whose nameappear on the register of members as on 4th September 2020 record date fixed by the Boardin due compliance of the provisions of 123 (3) of the Companies Act 2013 read Rule 3 ofthe Companies (Declaration and Payment of Dividend) Rules 2014. The Company has alsocomplied with the conditions prescribed under SEBI LODR Regulations 2015 for the paymentof Interim dividend to its shareholders.

5. SHARE CAPITAL

The Authorised & Paid-up Equity Share Capital as on March 31 2020 was Rs.106000000/- divided into 10600000 Equity Shares of Rs. 10/- each & Rs.104520000/- divided into 10452000 Equity Shares of Rs. 10/- each respectively.During the year under review the Company has not issued any securities.

6. TRANSFER TO RESERVES

The Board of Directors have decided to retain & transfer the entire amount ofprofits earned during the F.Y 2019-20 to reserves.

7. SUBSIDIARY & ASSOCIATE COMPANIES

The Company has no Subsidiaries Joint Venture.

Associates:-

Kandoi Industries India Private Limited the Company being a private limited companyhave not made any public or rights issue of securities in the preceding three years.

8. PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS

During the year under review the Company has not made any investment. Further theCompany has not given any loans or corporate guarantee or provided any security during theyear. Details of loans guarantees and investments covered under the provisions of Section186 of the Act are given in the notes to the financial statements.

9. DEPOSITS

The Company has not accepted deposits within the meaning of Section 73 and 74 of theAct read with the Companies (Acceptance of Deposits) Rules 2014 during the year and hencethere were no outstanding deposits and no amount remaining unclaimed with the Company ason 31st March 2020.

10. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

All Related Party Transactions that were entered into during the financial year were onarm's length basis in the ordinary course of business and were in compliance with theapplicable provisions of the Act and the Listing Regulations. There were no materiallysignificant transactions with the related parties during the financial year which were inconflict with the interest of the Company and details are provided in form AOC- 2 as Annexure-Ito this report.

All Related Party Transactions are placed before the Audit Committee for review andapproval. Prior omnibus approval of the Audit Committee is obtained on an annual basis forthe transactions which are planned/repetitive in nature and omnibus approvals are taken asper the policy laid down for unforeseen transactions. Related Party Transactions enteredinto pursuant to the omnibus approval so granted are placed before the Audit Committee forits review on a quarterly basis specifying the nature value and terms and conditions ofthe transactions. All the Related Party Transactions under Ind AS-24 have been disclosedat note no. 13 to the standalone financial statements forming part of this Annual Report.

The Company has a policy on Related Party Transactions in place which is in line withthe Act and the Listing Regulations and the same is also available on the Company'swebsite at www.geekaywires.com.

11. INTERNAL FINANCIAL CONTROLS

The Company's internal financial control systems are commensurate with the nature ofits business and the size and complexity of its operations. The internal controlprocedures have been planned and designed to provide reasonable assurance of compliancewith various policies practices and statutes in keeping with the organisation's pace ofgrowth and achieving its objectives efficiently and economically.

The internal controls and governance processes are duly reviewed for their adequacy andeffectiveness through periodic audits by the Internal Audit department. Post-audit reviewsare also carried out to ensure that audit recommendations are implemented. The AuditCommittee reviews the adequacy and effectiveness of the Company's internal controlenvironment and monitors the implementation of audit recommendations including thoserelating to strengthening of the Company's risk management policies and systems. Theultimate objective being a Zero Surprise Risk Controlled Organisation.

Independence of the Internal Auditors is ensured by way of direct reporting to theAudit Committee.

Further details of the internal controls system are given in the Management Discussionand Analysis Report which forms part of this Annual Report.

12. DIRECTORS AND KEY MANAGERIAL PERSONNEL DIRECTORS RETIRE BY ROTATION:

In accordance with the provisions of the Companies Act 2013 and the Articles ofAssociation of the Company Mr. Anuj Kandoi Director of the Company is liable to retireby rotation at the ensuing Annual General Meeting and being eligible offer himself forreappointment. The Board of Directors recommends his reappointment.

RESIGNATION AND APPOINTMENT OF DIRECTORS DURING THE YEAR

During the period under review Mrs. Renu Kandoi (DIN 07753570) Non-Executive Directorresigned from the board with effect from 16.09.2019 and Mr. Sudhakar Goyal (DIN 08558232)an Independent Director resigned from the Board with effect from March 19 2020 on groundsof pre occupation. They also confirmed that there was no other material reason other thanthe reason stated for their decision to resign from the Board of Geekay Wires Limited.

The Board expressed its gratitude for the outstanding contribution by Mrs. Renu Kandoi& Mr. Sudhakar Goyal throughout their tenure at Geekay Wires Limited.

Mr. Sanjay Dalmia (DIN 08698126) was appointed as additional Independent directorappointed by the Board on May 22 2020 for a period of 5 yrs subject to the approval bythe members at the 31st Annual General Meeting to be held on Monday 28thSeptember 2020. Your director recommends his appointment.

KEY MANAGERIAL PERSONNEL

Mr. Ghanshyam Dass (Chairman & Managing Director) Mr. Ashish Kandoi (Chief FinanceOfficer & Whole Time Director) Mr. Anuj Kandoi (Whole Time Director) and Mr. MayankAgrawal (Company Secretary & Compliance Officer) are the Key Managerial Personnel ofthe Company as on March 31 2020.

* Mahesh Reddy Vemula resigned from post of Company Secretary cum Compliance Officerw.e.f IVth June 2019 and Mr. Mayank Agrawal was appointed as Company Secretarycum Compliance Officer w.e.f 14th November 2019. & resigned with effectfrom 31st August 2020 and the Board of Directors vide its meeting dated 3rdSeptember 2020 has appointed Ms. Apoorva Chaturvedi as Company Secretary & ComplianceOfficer of the Company.

13. DETAILS OF REMUNERATION TO DIRECTORS

The Board has on the recommendation of Nomination and Remuneration Committee framed apolicy for selection and appointment of Directors Senior Management and theirremuneration. The information relating to remuneration of Directors and details of theratio of the remuneration of each Director to the median employee's remuneration and otherdetails as required pursuant to section 197(12) of the Act read along with Rule 5(1) ofthe Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014 areprovided in Annexure-II to this Report.

14. DECLARATION BY INDEPENDENT DIRECTORS

The Independent Director(s) have submitted the declaration of independence pursuant tosection 149(7) of the Act stating that he/they meet the criteria of independence asprovided in sub-section (6) of Section 149 of the Companies Act 2013.

15. GOVERNANCE AND COMPLIANCE

The Board of the Company has adopted Governance Guidelines on Board Effectiveness. TheGuidelines cover aspects related to composition and role of the Board Chairperson andDirectors Board diversity definition of independence Director Term retirement age andCommittees of the Board. It also covers aspects relating to nomination appointmentinduction and development of Directors Director remuneration Subsidiary oversight Codeof Conduct Board Effectiveness Review and mandates of Board Committees.

Procedure for Nomination and Appointment of Directors:

The Nomination and Remuneration Committee ('NRC') is responsible for developingcompetency requirements for the Board based on the industry and strategy of the Company.The Board composition analysis reflects in-depth understanding of the Company includingits strategies environment operations financial condition and compliance requirements.

The NRC conducts a gap analysis to refresh the Board on a periodic basis includingeach time a Director's appointment or re-appointment is required. The Committee is alsoresponsible for reviewing the profiles of potential candidates vis-a-vis the requiredcompetencies and meeting potential candidates prior to making recommendations of theirnomination to the Board.

At the time of appointment specific requirements for the position including expertknowledge expected is communicated to the appointee.

During the year under review the Board has also identified the list of core skillsexpertise and competencies of the Board of Directors as are required in the context of thebusinesses and sectors applicable to the Company and mapped with each of the Directors onthe Board. The same is disclosed in the Report of Corporate Governance forming part of theAnnual Report.

Criteria for Determining Qualifications Positive Attributes and Independence of aDirector:

The NRC has formulated the criteria for determining qualifications positive attributesand independence of Directors in terms of provisions of Section 178(3) of the Act andRegulation 19 read with Part D of Schedule II of the Listing Regulations.

Independence: In accordance with the above criteria a Director will be consideredas an 'Independent Director' if he/she meets with the criteria for 'Independent Director'as laid down in the Act and Rules framed there under and Regulation 16(1)(b) of theListing Regulations.

Qualifications: A transparent Board nomination process is in place that encouragesdiversity of thought experience knowledge perspective age and gender. It is alsoensured that the Board has an appropriate blend of functional and industry expertise.While recommending the appointment of a Director the NRC considers the manner in whichthe function and domain expertise of the individual will contribute to the overallskill-domain mix of the Board.

Positive Attributes: In addition to the duties as prescribed under the Act theDirectors on the Board of the Company are also expected to demonstrate high standards ofethical behaviour strong interpersonal and communication skills and soundness ofjudgement. Independent Directors are also expected to abide by the 'Code for IndependentDirectors' as outlined in Schedule IV to the Act.

Annual Evaluation of Board Performance and Performance of its Committees and ofDirectors:

Pursuant to the applicable provisions of the Act Listing Regulations and GovernanceGuidelines the Board has carried out an annual evaluation of its own performanceperformance of the Directors as well as the evaluation of the working of its Committees.

The NRC has defined the evaluation criteria procedure and time schedule for thePerformance Evaluation process for the Board its Committees and Directors.

The performance of the Board and individual Directors was evaluated by the Board afterseeking inputs from all the Directors. The performance of the Committees was evaluated bythe Board after seeking inputs from the Committee Members.

The criteria for performance evaluation of the Board included aspects such as Boardcomposition and structure effectiveness of Board processes contribution in the long termstrategic planning etc. The criteria for performance evaluation of the Committeesincluded aspects such as structure and composition of Committees effectiveness ofCommittee meetings etc. The above criteria for evaluation were based on the Guidance Noteissued by Securities and Exchange Board of India ('SEBI').

In a separate Meeting the independent Directors evaluated the performance ofNonIndependent Directors and performance of the Board as a whole. They also evaluated theperformance of the Chairperson taking into account the views of Executive Directors andNon-Executive Directors. The NRC reviewed the performance of the Board its Committees andof the Directors.

The same was discussed in the Board Meeting that followed the Meeting of theindependent Directors and NRC at which the feedback received from the Directors on theperformance of the Board and its Committees was also discussed.

The Secretarial and Legal functions of the Company ensure maintenance of goodgovernance within the organisation. They assist the business in functioning smoothly bybeing compliant at all times and providing strategic business partnership in the areasincluding legislative expertise corporate restructuring regulatory changes andgovernance.

16. REMUNERATION POLICY

The Company has adopted a Remuneration Policy for the Directors Key ManagerialPersonnel and other employees pursuant to the provisions of the Act and the ListingRegulations.

17. BOARD AND COMMITTEE MEETINGS

During the year twelve Board Meetings and five Audit Committee Meetings were convenedand held. The intervening gap between the Meetings was within the period prescribed underthe Act. The details of Board Meetings and various Committee Meetings along with theircomposition and attendance are disclosed in the Report of Corporate Governance formingpart of the Annual Report.

18. DIRECTORS' RESPONSIBILITY STATEMENT

Based on the framework of internal financial controls and compliance systemsestablished and maintained by the Company work performed by the Internal Statutory Costand Secretarial Auditors including audit of the internal financial controls overfinancial reporting by the Statutory Auditors and the reviews performed by Management andthe relevant Board Committees including the Audit Committee the Board is of the opinionthat the Company's internal financial controls were adequate and effective during FY2019-20.

To the best of their knowledge and belief and according to the information andexplanations obtained by them your Directors make the following statements in terms ofSection 134(3)(c) of the Act:

(i) in the preparation of the annual accounts the applicable accounting standards havebeen followed and that there are no material departures;

(ii) they have selected such accounting policies and applied them consistently and madejudgements and estimates that are reasonable and prudent so as to give a true and fairview of the state of affairs of the Company at the end of the financial year and of theprofit of the Company for that period;

(iii) they have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of the Act for safeguarding theassets of the Company and for preventing and detecting fraud and other irregularities;

(iv) they have prepared the annual accounts on a going concern basis;

(v) they have laid down internal financial controls to be followed by the Company andthat such internal financial controls were adequate and were operating effectively;

(vi) they have devised proper systems to ensure compliance with the provisions of allapplicable laws and that such systems were adequate and operating effectively.

19. CORPORATE SOCIAL RESPONSIBILITY

Section 135 is applicable to every Company including its holding or subsidiary having anet worth of Rs. 500 crore or more OR turnover of Rs. 1000 crore or more OR a net profitof Rs.

5 crore or more during the immediately preceding financial year. The Provisions of CSRwas not applicable to the Company during the period 2019-20. However The Company has nowcome under the purview of CSR from this Financial Year 2020-21. The Board of Director's attheir meeting held on 3rd September 2020 constituted CSR committee with the followingmembers:

1. Ghanshyam Dass Chairman & Managing Director Chairperson

2. Ashish Kandoi Whole time Director Member

3. Mr. Sanjay Dalmia Independent Director Member

Functions of the CSR Committee

The major functions/roles of the CSR committee are as follows:

• Formulate and recommend to the Board a CSR Policy which shall indicate theactivities to be undertaken by the company in areas or subject specified in Schedule VII

• Recommend the amount of expenditure to be incurred on the activities referred toin CSR policy

• Monitor the Corporate Social Responsibility Policy of the company from time totime.

20. 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 as perthe requirement of the Sexual Harassment of Women at Workplace (Prevention Prohibition 6Redressal) Act 2013 ('POSH Act') and Rules made there under. The Company has alsoconstituted an Internal Committee to redress complaints received regarding sexualharassment. With the objective of providing a safe working environment all employees(permanent contractual temporary trainees) are covered under this policy. The saidpolicy is available on the website of the Company

The Company has also constituted Internal Committees at all its locations known as thePrevention of Sexual Harassment ('POSH') Committees to inquire into complaints of sexualharassment and recommend appropriate action.

During the year under review the Company has not received any complaint.

21. VIGIL MECHANISM/WHISTLEBLOWER POLICY

As per the provisions of Section 177 (9) of the Act read with Regulation 22(1) of theListing Regulations the Company is required to establish an effective vigil mechanism fordirectors and employees to report genuine concerns. The Company has a Vigil Mechanism anda Whistleblower Policy in place to enable its Directors employees and its stakeholders toreport their concerns if any. The said Policy provides for

(a) adequate safeguards against victimisation of persons who use the Vigil Mechanism;and

(b) direct access to the Chairperson of the Audit Committee of the Board of theCompany.

The Company believes in the conduct of the affairs of its constituents by adopting thehighest standards of professionalism honesty integrity and ethical behaviour in linewith the Company's Code of Conduct. All the stakeholders are encouraged to raise theirconcerns or make disclosures on being aware of any potential or actual violation of theCode policies or the law.

Details of the Vigil Mechanism and Whistleblower policy are made available on thecompany's website at https://www.geekaywires.com

22. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS

No significant material orders have been passed by the Regulators or Courts orTribunals which would impact the going concern status of the Company and its futureoperations.

23. AUDIT AND AUDITORS

Statutory Auditors:

At the 29th AGM of the Company held on August 30 2018 pursuant to theprovisions of the Act and the Rules made there under M/s. M M Palod & Co. CharteredAccountants Hyderabad (Firm Registration No. 006027S) were appointed as StatutoryAuditors of the Company from the conclusion of the 29thAnnual General Meetinguntil the conclusion of 32ndAnnual General Meeting of the Company to be held inthe year 2021.

The Statutory auditor vide their letter dated 22nd May 2020 has intimated tothe company about the change in the constitution of Firm from Proprietorship to aPartnership Firm. The Board of Directors of the Company at their meeting held on 8thJune 2020 has noted the same and the change in the constitution of the audit firm wasinformed to the relevant statutory authorities.

The Audit Report of M/s. M M Palod & Co. Chartered Accountants Hyderabad on theFinancial Statements of the Company for FY 2019-20 is a part of the Annual Report. TheReport does not contain any qualification reservation adverse remark or disclaimer.

Cost Auditors:

The Company is required to maintain cost records as specified by the Central Governmentas per Section 148(1) of the Act and the rules framed there under and accordingly theCompany has made and maintained such cost accounts and records.

Your company has appointed M/s. KJU & Associates (FRN 000474) as Cost Auditors togive cost audit report for F.Y 2019-20. The report of the Cost Auditors for the F.Y2019-20 is enclosed as Annexure- III. There has been no qualification reservationadverse remark or disclaimer given by the Cost Auditors in their Report.

In terms of Section 148 of the Act read with Companies (Cost Records and Audits) Rules2014 the Audit Committee recommended and the Board of Directors re-appointed M/s. KJU& Associates (FRN 000474) being eligible to conduct Cost Audits of the Company forthe year ending March 31 2021.

The Company has received their written consent and confirmation that the appointmentwill be in accordance with the applicable provisions of the Act and rules framed thereunder.

The remuneration payable to Cost Auditors has been approved by the Board of Directorson the recommendation of the Audit Committee and in terms of the Act and Rules therein.The Members are therefore requested to ratify the remuneration payable to M/s. KJU &Associates as set out in the Notice of the 31st AGM of the Company.

Secretarial Auditors:

In terms of Section 204 of the Act and the Companies (Appointment and Remuneration ofManagerial Personnel) Rules 2014 CS Kashinath Sahu Proprietor of Kashinath Sahu &Co Company Secretaries in Practice (CP No. 4807) Hyderabad have been appointed asSecretarial Auditors of the Company.

The report of the Secretarial Auditors is enclosed as Annexure-IV. There has been noqualification reservation adverse remark or disclaimer given by the Secretarial Auditorsin their Report.

24. REPORTING OF FRAUDS BY AUDITORS

During the year under review the Statutory Auditors Cost Auditors and SecretarialAuditors have not reported any instances of frauds committed in the Company by itsOfficers or Employees to the Audit Committee under Section 143(12) of the Act details ofwhich needs to be mentioned in this Report.

25. ANNUAL RETURN

Pursuant to Sections 92 and 134(3) of the Act and Rule 12 of the Companies (Managementand Administration) Rules 2014 the extract of Annual Return in Form MGT-9 is attached asAnnexure -V to this report.

26. SECRETARIAL STANDARDS OF ICSI

The Directors have devised proper systems and processes for complying with therequirements of applicable Secretarial Standards issued by the Institute of CompanySecretaries of India ('ICSI') and that such systems were adequate and operatingeffectively.

27. CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS ANDOUTGO

The information on conservation of energy technology absorption and foreign exchangeearnings and outgo stipulated under Section 134(3)(m) of the Act read with Rule 8 of TheCompanies (Accounts) Rules 2014 is attached as Annexure-VI to this report.

28. PARTICULARS OF EMPLOYEES AND REMUNERATION

There are no employees drawing remuneration in excess of the limits prescribed underRule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules2014. Information as required under the provisions of Rules 5(2) & 5(3) of theCompanies (Appointment and Remuneration of Managerial Personnel) Rules 2014 are set outin Directors' Report.

29. MANAGEMENT DISCUSSION AND ANALYSIS

The Management Discussion and Analysis Report as required under the ListingRegulations forms part of the Annual Report as Annexure-VII

30. TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND

Your Company did not have any funds lying unpaid or unclaimed for a period of sevenyears. Therefore there were no funds which were required to be transferred to InvestorEducation and Protection Fund (IEPF).

31. TRADING OF EQUITY SHARES ON MAIN BOARD OF NSE

The Company was listed in SME Platform of National Stock Exchange of India. The Companyhas received communication from the National Stock Exchange of India Limited on March 42020 confirming the migration to Main Board of the NSE w.e.f March 6 2020. The listingfee for the year 2019-20 has been paid to the Exchange.

32. POLICY ON PRESERVATION OF THE DOCUMENTS

The Company has formulated a Policy pursuant to Regulation 9 of the Securities ExchangeBoard of India (Listing obligations and Disclosure Requirements) Regulations 2015("Regulations") on Preservation of the Documents to ensure safe keeping of therecords and safeguard the Documents from getting manhandled while at the same timeavoiding superfluous inventory of Documents.

33. POLICY ON CRITERIA FOR DETERMINING MATERIALITY OF EVENTS

The Policy is framed in accordance with the requirements of the Regulation 30 ofSecurities and Exchange Board of India (Listing Obligations and Disclosure Requirements)Regulations 2015 (Regulations).The objective of the Policy is to determine materiality ofevents or information of the Company and to ensure that such information is adequatelydisseminated in pursuance with the Regulations and to provide an overall governanceframework for such determination of materiality.

34. CORPORATE GOVERNANCE

Your Company believes in conducting its affairs in a fair transparent and professionalmanner and maintaining the good ethical standards transparency and accountability in itsdealings with all its constituents. As required under the SEBI (Listing Obligations andDisclosure Requirements) Regulations 2015 a detailed report on Corporate Governancealong with the Auditors' Certificate thereon is enclosed as per Annexure- VIII to thisreport.

35. INSIDER TRADING REGULATIONS

The requirements under SEBI (Prohibition of Insider Trading) Regulations 1992 readwith SEBI (Prohibition of Insider Trading) Regulations 2015 as amended from time totime the code of conduct for prevention of insider trading and the Code for CorporateDisclosures ("Code") as approved by the Board from time to time are in forceby the Company. The objective of this Code is to protect the interest of shareholders atlarge to prevent misuse of any price sensitive information and to prevent any insidertrading activity by dealing in shares of the Company by its Directors designatedemployees and other employees.

The Company also adopts the concept of Trading Window Closure to prevent itsDirectors Officers designated employees and other employees from trading in thesecurities of Geekay Wires Limited at the time when there is unpublished price sensitiveinformation.

36. DEPOSITORY SYSTEM

As the Members are aware your Company's shares are trade-able compulsorily inelectronic form and your Company has established connectivity with both NationalSecurities Depository Limited (NSDL) and Central Depository Services (India) Limited(CDSL). In view of the numerous advantages offered by the depository system the membersare requested to avail the facility of Dematerialization of the Company's shares on NSDL& CDSL. The ISIN allotted to the Company's Equity shares is INE669X01016.

37. ACKNOWLEDGEMENTS

The Directors hereby acknowledge the dedicated and loyal services rendered by theemployees of the Company during the year. They would also like to place on record theirappreciation for the continued co-operation and support received by the Company during theyear from bankers financial institutions Government authorities business partnersshareholders and other stakeholders without whom the overall satisfactory performancewould not have been possible.

Place: Hyderabad For and on behalf of the Board of Directors M/s Geekay Wires Limited
Date: 03-09-2020 Sd/- Sd/- (Ghanshyam Dass) (Ashish Kandoi) Chairman & Managing Director Whole Time Director & CFO

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