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Linaks Microelectronics Ltd.

BSE: 517463 Sector: Engineering
NSE: N.A. ISIN Code: INE028C01027
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Linaks Microelectronics Ltd. (LINAKSMICROELEC) - Director Report

Company director report

To

The Members

LINAKS MICROELECTRONICS LIMITED

Your Directors present the Thirty Sixth Boards' Report of the Company together withAudited Financial Statements of your company for the financial year ended 31st March2021.

1. FINANCIAL RESULTS

(Amount in Thousand Rs.)
Financial Results Year ended 31.03.2021 Year ended 31.03.2020
(a) Turnover (including Other Income) 2108 4281
(b) Net Profit/Loss (before depreciation and tax) -2447 -5333
Depreciation 1311 1564
(c) Net Profit/(Loss) before extraordinary items -3758 -6897
Extraordinary items
(d) Net Profit/(Loss) before tax -3758 -6897
Provision for Tax (including for deferred tax) 0 0
(d) Net Profit/(Loss) after tax -3758 -6897

2. BRIEF DESCRIPTION OF THE COMPANY'S WORKING DURING THE YEAR

The business operations during the year under review were in limbo. The first eightmonths following the sudden pandemic driven national lock-down clamped from the third weekof March' 2020 crippled our operations. It was only by October'2020 that we could startsome activity in the plant mostly housekeeping maintenance and renewing contacts withthe potential customers and vendors. The scenario that confronted us was pretty dauntingand demanded a major rejig in our business approach to survive in the medium term of thenext 12 to 18 months. We were beleaguered and under siege on all fronts namely: marketmaterial the fall-out from the Corporate Guarantor issues resulting in multiplelitigations relating to the FIR filed against Clarion Townships Pvt Ltd & SyndicateBank Civil Suit against both of them SARFESAI and NCLT. We are trapped in the cleftstick of vanishing cash-inflow and mounting legal and regulatory expenses. As an interimremedy we have let out our plant on a leave & licence basis to ensure steady cashinflow to address the essential expense burden. Not the best option. Yet a measure thatwould provide us with some breathing space so that we could live to fight another day.

The coming days would be the make-or-break period for your Company. It is anexistentialist crisis that is staring into our faces. The Syndicate Bank's petition beforethe NCLT to recover its dues of Clarion Townships Pvt Ltd. from the Corporate GuarantorLinaks Microelectronics is a timebomb that could put paid all efforts to kick start ouroperations. The irony of the claim being that the Syndicate Bank which was complicit withthe borrower Clarion Townships in fraudulently releasing a Rs 19

Crore loan against the construction-at-site security value of Rs 6 to 8 Crores only.The Bank's disbursement condition clearly stated 2:1 Debt Equity; thereby the maximumeligible loan disbursement should have been between Rs 4 to 5 Crores. And as is thepractice ostensibly for client-confidentiality the Guarantor is never kept in the loop onthe borrowers' account status. As a result today before the NCLT the Bank is pretendingto be the ‘Holy Cow' and laying claim for recovery of their excessive amount whichis their own doing in brazen collusion with Clarion Townships. The Bank on its part hasnot truthfully disclosed the fact of FIR & Criminal Investigation that is in progressagainst them and Clarion Townships in response to our FIR filed in August 2019. If theNCLT matter has an adverse outcome it would badly hamper our renewal of the leave &licence agreement for the rental of the factory land due early next year.

3. SUBSIDIARIES JOINT VENTURES AND ASSOCIATE COMPANIES

The Company does not have any Subsidiary Joint venture or Associate Company.

4. DIVIDEND & RESERVES

In view of losses during the year under review no dividend pay-out is beingrecommended and accordingly no question of appropriation of reserves arise.

5. SHARE CAPITAL

The paid up share capital of the company as at 31st March 2021 remained atRs. 49535300. During the period under report your company has not issued any sharesincluding Sweat Equity ESOP Bonus and/or Convertible Debentures.

6. DEPOSITS

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

7. PARTICULARS OF LOANS. GUARANTEES OR INVESTMENTS MADE "" UNDER SECTION 186OF THE COMPANIES ACT. 2013

There was no loans guarantees or investments made by the Company under Section 186 ofthe Companies Act 2013 during the year under review and hence the said provision is notapplicable.

8. MATERIAL CHANGES & COMMITMENTS

Except the effect of overall impact of COVID-19 on the economy of whole world and anyfall out case against the Company by NCLT there has been no material changes andCommitment affecting the financial position of the Company which have occurred between theend of the financial year of the Company to which the financial statements relate and dateof the Report.

9. RISK MANAGEMENT POLICY OF THE COMPANY

The Company does not have any Risk Management Policy as the Company is still in itsrehabilitation. However the Company has introduced several improvements to IntegratedEnterprise Risk Management Internal Controls Management and Assurance Frameworks andprocesses to drive a common integrated view of risks optimal risk

mitigation responses and efficient management of internal control and assuranceactivities.

10. HUMAN RESOURCE DEVELOPMENT

At LINAKS human resource development is considered vital for effective implementationof business plans. Constant endeavours are being made to offer professional growthopportunities and recognition. Your Company treats its "human resources" as oneof its most important assets. Your Company continuously invests in attraction retentionand development of talent on an ongoing basis. A number of programs that provide focusedpeople attention are currently underway. Your Company thrust is on the promotion of talentinternally through job rotation and job enlargement.

11. OBLIGATION OF COMPANY UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE(PREVENTION PROHIBITION AND REDRESSAL) ACT 2013

The Company is an equal opportunity employer and consciously strives to build a workculture that promotes dignity of all employees. As required under the provisions of theSexual Harassment of Women at the Workplace (Prevention Prohibition and Redressal) Act2013 and Rules framed thereunder the Company has implemented a policy on Prevention ofSexual Harassment of Women at Workplace. An Internal Committee has been set up to receivecomplaints investigate the matter and report to the management. At the beginning of theyear there was no complaint pending. During the year no complaint was received by theCommittee and hence no complaint was pending at year end.

12. AUDITORS:

Statutory Auditors

At the 32nd Annual General Meeting held on September 28 2017 the membershad appointed M/s Jaiswal Singh & Co. (Firm Registration No. 011049C) CharteredAccountants Kanpur as Statutory Auditors for a block period of 05 years beginning fromthe conclusion of the 32nd AGM till the conclusion of the 37th AGMsubject to them ratifying the said appointment at every AGM. The Company had receivedconfirmation from M/s Jaiswal Singh & Co. to the effect that their appointment wouldbe in terms of Section 139 and 141 of the Companies Act 2013 and rules made thereunder.

The Statutory Auditors have audited the books of accounts of the Company for theFinancial Year ended on March 31 2021 and have issued the Auditors' Report thereon. TheStatutory Auditors have not made any adverse comments or given any qualificationreservation or adverse remarks or disclaimer in their Audit Report.

Secretarial Auditors

Pursuant to the provisions of Section 204 of the Companies Act 2013 and the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 the Company hasappointed M/S Divya Matah and Associates a firm of Company Secretary in Practice toundertake the Secretarial Audit of the Company. The Report of the Secretarial Audit isannexed herewith as ‘Annexure A ‘to this report.

As required under Regulation 24A of SEBI (LODR) Regulations 2015 M/s. Divya Matah& Associates Practicing Company Secretaries Lucknow has reported on the AnnualSecretarial Compliances of the Company for the year ended on 31st March 2021.The report is uploaded to the Stock Exchange. The said report has been provided under‘Annexure-B' of the Directors' Report.

The Secretarial Auditor has not made any adverse comments or given any qualificationreservation or adverse remarks or disclaimer in their Audit Report and Compliance Report.

13. DIRECTORS AND KEY MANAGERIAL PERSONNEL

In accordance with provision of the Companies Act 2013 Mrs. Meena Singh Director ofthe Company is liable to retire by rotation at the ensuing AGM and is eligible for herreappointment.

Necessary resolutions for the reappointment of the aforesaid director and the detailedprofile has been included in the notice convening the annual general meeting.

During the period since last report Mr. Jay Kumar was appointed as an IndependentDirector at the Board Meeting held on 18.01.2021 to comply with the provisions of Section149 and Companies (Appointment and Qualification of Directors) Rules 2014 and otherapplicable provisions and Clause 49 of the Listing Agreement amended up to the date. Theterm of office of Director of Mr. Jay Kumar would expire at the end of ensuing AnnualGeneral Meeting as Independent Director. Keeping in

view the statutory requirement of appointing Independent Director the Board recommendfor his appointment. Mr. Jay Kumar has confirmed that he is not disqualified from beingappointed as director in terms of Section 164 of the Companies Act 2013.

Moreover the Board regrets to inform that Mr. Udai Bhan Singh one of the independentdirectors as well as the then Chairperson of the Company left for his heavenly abode on13.04.2021 due to a brief illness. Your Directors take this opportunity to place on recordtheir deep appreciation for the valuable services and guidance rendered by Mr. Udai BhanSingh during his tenure as Director/Chairman of the Company.

In order to comply with the mandatory requirement of recruiting a Company Secretary andCompliance Officer in a Listed company the company appointed Ms. Priya Gupta anAssociate Member of The Institute of Company Secretaries of India (ACS No. A55368) as theCompany Secretary and Compliance Officer of the Company pursuant to Section 203 of theCompanies Act 2013 and Rule 8 of Companies (Appointment and Remuneration of ManagerialPersonnel) Rules 2014 w.e.f June 10 2020.

With respect to mandatory requirement for appointment of Chief Financial Officer in aListed Company Mr. Girish Chandra Jha being a commerce graduate and holding around 30years of working experience has been appointed as the CFO of the Company w.e.f. April 22019.

14. MANAGERIAL/EMPLOYEES REMUNERATION

A) Details of the ratio of the remuneration of each director to the median employee'sremuneration and other details as required pursuant to Rule 5(1) of the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 cannot be worked out asthe process of recruitment of staff has not yet completed. The skeletal staff with whichthe Company is presently working are mainly on part time basis.

B) As required pursuant to Rule 5(2) of the Companies (Appointment and Remuneration ofManagerial Personnel) Rules 2014 the Company did not have any employee drawing aremuneration of Rs. 60.00 lacs p.a. if employed throughout the year or Rs.5.00 lacs p.m.if employed for a part of the said year under review. Moreover there was no employeeemployed throughout the financial year or part thereof was in receipt of remuneration inthat year which in the aggregate or as the case may be at a rate which in theaggregate is in excess of that drawn by the managing director or whole-time director ormanager and holds by himself or along with his spouse and dependent children not lessthan two percent of the equity shares of the company.

C) None of the Managing Director or Whole-time Director of the Company was in receiptof any commission from the Company. Moreover as the Company did not have any holding orsubsidiary Company the question of receiving commission by them from such Company alsodoes not arise.

15. DIRECTORS' RESPONSIBILITY STATEMENT

In accordance with the provisions of Section 134(5) of the Companies Act 2013 theBoard hereby submit its responsibility Statement:

(a) in the preparation of the annual accounts the applicable accounting standards hadbeen followed along with proper explanation relating to material departures;

(b) the directors had selected such accounting policies and applied them consistentlyand made judgments and estimates that are reasonable and prudent so as to give a true andfair view of the state of affairs of the company at the end of the financial year and ofthe profit and loss of the company for that period;

(c) the directors had taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of this Act for safeguarding theassets of the company and for preventing and detecting fraud and other irregularities;

(d) the directors had prepared the annual accounts on a going concern basis; and

(e) the directors had laid down internal financial controls to be followed by thecompany and that such internal financial controls are adequate and were operatingeffectively

(f) the directors had devised proper systems to ensure compliance with the provisionsof all applicable laws and that such systems were adequate and operating effectively.

16. CORPORATE SOCIAL RESPONSIBILITY INITIATIVES

In view of losses the Company has not developed and implemented any Corporate SocialResponsibility initiatives as the said provisions are not applicable.

17. EXTRACT OF ANNUAL RETURN (FORM MGT-9)

As per the requirements of Section 92(3) and 134(3)(a) of the Act and Rules madethereunder the extract of the Annual Return for the F.Y. 2020-21 is given in‘Annexure C ‘ in the prescribed Form MGT-9 which is a part of this report.

18. MANAGEMENT DISCUSSION AND ANALYSIS REPORT AND REPORT OF DIRECTORS ON CORPORATEGOVERNANCE

Your Company has already implemented the requirement of Regulation 27 of SEBI (ListingObligations and Disclosure Requirements) Regulations 2015 i.e. Corporate Governance. Asrequired a Management Discussion and Analysis Report and Directors' Report as well asAuditors' Certificate on Corporate Governance are given alongwith this report. 18.ACKNOWLEDGEMENT

Your Directors wish to place on record their appreciation for the cooperation andsupport extended by the Shareholders various authorities banks dealers and vendors.

The Directors also acknowledge with gratitude the dedicated efforts and valuablecontribution made by all the employees of the Company.

DIRECTORS' REPORT ON CORPORATE GOVERNANCE Philosophy

Linaks upholds its standing at the forefront of Corporate Governance best practices.Linaks envisages the attainment of the highest levels of transparency accountability andethics in all facets of its operations. It has been committed to the principles oftransparency integrity accountability and responsibility. The Company takes feedbackinto account on its periodic reviews of the guidelines to ensure their continuingrelevance effectiveness and responsiveness to the needs of its investors. Linaksconsiders that all its operations and actions must serve the underlying goal of increasingemployee and customer satisfaction and enhancing overall Shareholder value.

Board of Directors

The Company has combination of executive and non-executive Directors with non-executiveDirectors constituting more than 50 per cent of the Board. As per the Listing Agreement‘Independent' or Non-Executive Directors have been defined as directors who apartfrom receiving Directors remuneration do not have any other material pecuniaryrelationship or transactions with the Company its promoters its management or itssubsidiaries which in the judgment of the Board may affect independence of judgment ofthe Directors. Independent Directors play an important role in deliberations at the BoardMeetings and the Company benefits from their expertise in achieving its strategicdirection. The Directors bring to the Board a wide range of experience and skills. TheBoard is constituted as under:

S.No. DIRECTORS DIN NO.OF DIRECTORSHIP NO. OF COMMITTEES CATEGORY OF DIRECTOR
1 Mr. Anil Kumar Singh 00225518 0 3 Member Managing Director
2 Mrs. Meena Singh 02775239 0 1 Chairperson 1 Member Non Executive Non-Independent Director
3 Mr. Udai Bhan Singh* 06650869 0 2 Chairperson 2 Member Independent Director
4 Mr. Ram Chandra Gaur 02317264 2 2 Member Independent Director
08356669 0
6 Mr. Jay Kumar# 09030964 0 NIL Independent Director

* Mr. Udai Bhan Singh Died on 13.04.2021. # Mr. Jay Kumar appointed as Director on18.01.2021. Consequent upon the demise of Late Mr. Udai Bhan Singh Board's Committeeshave been reconstituted w.e.f.

13.04.2021 the details of which would be reported in the Board's Report for thefinancial year 2021-22.

Only Audit Committee Investors' Grievance Committee Nomination and RemunerationCommittee and Committee for Prevention of Sexual Harassment

of Women at workplace are considered for the purpose of Committee positions as perlisting Agreement.

Responsibilities

The Board of Directors represent the interests of the Company's shareholders inoptimising long-term value by providing the management with guidance and strategicdirection on the Shareholder's behalf. The Board's mandate is to oversee the Company'sstrategic decision review corporate performance authorise and monitor strategicinvestments ensure regulatory compliance and safeguard interests of Shareholders. Boardmembers ensure that their other responsibilities do not impinge on their responsibility asa Director of Linaks.

Role of Independent Directors

Independent Directors play an important role in deliberations at the board meetings andbring to the company their wide experience in the field of finance accountancy law etc.The wide knowledge of both their field of knowledge and boardroom practices help fosterunbiased independent and experienced prospective.

Appointment of Independent Directors

The Company presently has 3 Independent directors on its Board.

The Current independent director on Board are: Mr. Udai Bhan Singh (died on13.04.2021) Mr. Ram Chandra Gaur Mr. Jai Ram Singh and Mr. Jay Kumar (w.e.f.18.01.2021). None of the Independent directors are liable to retire by rotation.

All Independent Directors of the Company at the time of their first appointment to theBoard and thereafter at the first meeting of the Board in every Financial Year give adeclaration that they meet with the criteria of Independence as provided under Section 149of the Companies Act 2013 and SEBI (LODR) Regulations 2015.

Board Evaluation

Pursuant to the provisions of the Companies Act 2013 and Regulation 17 of the ListingRegulations the Board has carried out an annual performance evaluation of its IndependentDirectors and the Independent Directors also evaluated the performance of the Non-Independent Directors. The Board of Directors expressed their satisfaction with theevaluation process. The Board of Directors also evaluated the functioning/ performance ofAudit Committee Stakeholders Relationship Committee Nomination & RemunerationCommittee CSR Committee and expressed satisfaction with their functioning performance.

Board Meetings

The meetings of the Board are generally held at the Registered office of the company.Meetings are generally scheduled well in advance. The Board meets at least once a quarterto review the quarterly performance and the financial results of the company.

The Company Secretary in consultation with the Managing Director prepares the detailedagenda of the Board Meetings. The Board papers are circulated to the directors in advance.

During the financial year 2020-21 the Board of Directors of the Company duly met Six(6) times. The intervening gap between the two meetings was within the period asprescribed under the Companies Act 2013.

The attendance of each director at the Board Meetings and at last AGM is as under:

Directors No. Of board meetings attended Attendance At The 35th AGM
Mr. Anil Kumar Singh 6 Yes
Mrs. Meena Singh 6 Yes
Mr. Udai Bhan Singh 6 No
Mr. Ram Chandra Gaur 5 No
Mr. Jai Ram Singh 6 No
Mr. Jay Kumar 1 No

Board Committees

To enable better and more focused attention on the affairs of the Company the Boarddelegates particular matters to Committees of the Board set up for the purpose. TheseCommittees prepare the groundwork for decision-making and report at the subsequent BoardMeeting.

The Board is assisted by various committees- Audit Committee Nomination andRemuneration Committee Stakeholders Relationship Committee AND Committee for Preventionof Sexual Harassment of Women at workplace.

Audit Committee

The Audit Committee is constituted in accordance with the provisions of Regulation 18of SEBI (LODR) Regulations 2015 and Section 177 of the Companies Act 2013. The AuditCommittee comprises of:

a. Mr. Ram Chandra Gaur - Member (Independent Director)

b. Mr. Udai Bhan Singh - Chairperson (Independent Director)

c. Mr. Anil Kumar Singh - Member (Managing Director)

The meetings of the audit committee are scheduled well in advance. The audit committeemet 5 times during the year under review on 29.06.2020 14.08.2020 08.10.2020 14.11.2020and 13.02.2021. The Committee reviewed the quarterly/annual financial statements beforesubmission to the Board for approval.

The Committee reviews the report of the internal auditors and statutory auditors alongwith the comments and corrective actions taken by the Management. The committee alsoreviews the Asset- liability management system. Nomination & Remuneration Committee

The Company's Nomination & Remuneration Committee consists of following Directorsnamely:

a) Mr. R.C. Gaur -Member (Independent Director)

b) Mr. Jai Ram Singh -Chairperson (Independent director)

c) Mr. Udai Bhan Singh - Member (Independent Director)

The salary of the Managing/Whole-time Directors is recommended by the RemunerationCommittee and approved by the Board. No remuneration is paid to the Non-ExecutiveDirectors.

The powers role and terms of reference of the Nomination and Remuneration Committeecovers the areas as contemplated under SEBI (LODR) Regulations 2015 Section 178 of theCompanies Act 2013 and Rules made thereunder. The role of the Nomination and RemunerationCommittee inter alia includes formulation of criteria of determining qualificationspositive attributes and independence of a director and recommendation to the Board of theremuneration policy formulation of criteria for evaluation of the Independent Directorsand the Board devising a policy on Board Diversity and identification of persons who arequalified to become directors and who may be appointed in senior management in accordancewith criteria laid down and recommend to the Board their appointment and removal.

During the year the Nomination and Remuneration Committee met 2 Times on 08.10.2020and 13.02.2021.

Remuneration Policy

The Company has on the recommendation of the Nomination & Remuneration Committeeframed and adopted a policy for selection and appointment of Directors Senior Managementand their remuneration. This policy enables to attract and maintain talented and motivatedexecutives so as to encourage enhanced performance of the Company. The remuneration policyenvisages a clear relationship between performance and remuneration including theremuneration paid and overall corporate performance.

Remuneration paid to Directors

Managing/Whole-time Directors of the Company have been appointed on a contractual basison the approval of the Shareholders. Remuneration package of Executive Directors isdetermined by the Remuneration Committee of Directors within the permissible limits underthe applicable provisions of law and is approved by Shareholders. It comprises salary andother allowances perquisites as approved by Shareholders. Non-Executive Directors have sofar not been paid any remuneration/commission apart from sitting fees. Details ofremuneration to Directors are as follows:

Director

Relation with

Sitting fees

Remuneration paid during 01.04.20 - 31.03.21

Salaw & Perquisites Commission Total
Mr. Anil K Singh Managing Director NIL NIL NIL NIL

Stakeholders Relationship Committee

The stakeholders relationship committee comprises of:

a) Mr. Udai Bhan Singh - Chairperson (Independent Director)

b) Mr. Anil Kumar Singh - Member (Managing Director)

c) Mrs. Meena Singh - Member (Non Executive non-independent director) The Committeelooks into the redressal of shareholders investors depositors and Customer complaints.The stakeholders relationship committee met 1 time in the year on 13.02.2021.

Com m ittee for prevention of Sexual Harassment of Women at workplace

The Members of the Committee for prevention of Sexual Harassment of Women at workplaceof the Company are:

a) Mrs. Meena Singh- Chairperson (Non Executive non-independent director)

b) Mr. A.K. Singh - Member (Managing Director)

c) Mr. U.B. Singh- Member (Independent Director)

The Committee is authorised to strictly implement Company's policy for prevention ofSexual Harassment of Women at workplace and take suitable disciplinary action againsterring employee if any. The committee met 1 time in the year on 13.02.2021. However nocomplaint of sexual harassment was received during the year.

Certificate under Regulation 34(3) of SEBI Listing Regulations

The Company has obtained a certificate pursuant to the Regulation 34(3) read withSchedule V of the Listing Regulations from M/S Divya Matah and Associates a firm ofCompany Secretary in practice confirming that none of the Directors are debarred ordisqualified from being appointed or continuing as Directors of the Company either bySecurities and Exchange Board of India or the Ministry of Corporate Affairs or any otherStatutory Authority. The said certificate forms part of this repot as ‘Annexure D‘

Shareholding of Directors

The Shareholding details of the directors as at March 31 2021 are included in FormMGT-9 forming part of the Directors' Report .

Vigil Mechanism/ Whistle Blower Policy

The Company believes to conduct its affairs in a fair and transparent manner byadopting highest standards of professionalism honesty integrity and ethical behavior.The Company is committed in developing a culture where it is safe for all the employees toraise concerns about any wrongful conduct.

The Board has approved the vigil mechanism/ Whistle Blower policy of the Company whichprovides a framework to promote a responsible and secure whistle blowing. The AuditCommittee oversees the Vigil Mechanism.

Particulars Of Related Party Transactions

There are no material related party transactions which are not in ordinary course ofbusiness or which are not on arm's length basis and hence there is no information to beprovided as required under Section 134(3)(h) of the Companies Act 2013 read with Rule8(2) of the Companies (Accounts) Rules 2014.

Annual General Meetings

Following are details of the Annual General Meetings for the previous three years held.The AGMs were held at the registered office of the Company at

12.6 kms Barabanki Road Chinhut Lucknow.

Annual General Meetings

Following are details of the Annual General Meetings for the previous three years held.The AGMs were held at the registered office of the Company at

12.6 kms Barabanki Road Chinhut Lucknow.

S. No. Particulars of Meeting Day and Date Number of SR passed Nature of SR
2019-20 35th Annual General Meeting Monday 30h November 2020 1 Appointment of Anil Kumar Singh as Managing Director
2018-19 34 th Annual General Meeting Monday 23rd September 2019 1 Appointment of Mr. Jai Ram Singh as Independent Director
2017-18 33 rd Annual General Meeting Wednesday 26h September 2018 1 Increase in remuneration of Managing Director

Generally all the resolutions in the AGM are passed through show of hands. None of theSpecial Resolutions passed at the above Annual General Meetings were required to be put tovote through Postal Ballot. However as required by MCA & SEBI for holding AGM of 2020was held on 30.11.2020 through AV/ OAVM due to ongoing COVID-19 pandemic. Moreover asrequired the Company made necessary arrangements of e-voting with NSDL on the occasion ofthe Annual General Meeting held on 30.11.2020.

Market price data

Month Open Price Hiah Price Low Price Close Price No. of Shares Traded
Apr-20 0.49 0.49 0.33 0.33 11184
Mav-20 0.33 0.34 0.31 0.34 9882
Jun-20 0.35 0.44 0.35 0.42 40051
Jul-20 0.44 0.46 0.36 0.4 85585
Auq-20 0.4 0.59 0.38 0.53 153239
Sep-20 0.53 0.57 0.53 0.57 15121
Oct-20 0.59 0.61 0.59 0.61 10630
Nov-20 0.61 0.64 0.61 0.64 22917
Dec-20 0.67 0.67 0.67 0.67 100
Jan-21 0.67 0.73 0.61 0.73 47076
Mar-21 0.73 0.73 0.73 0.73 900

Depository Services

For guidance on Depository services Shareholders may write to the Registrar and ShareTransfer Agent or National Securities Depository Limited Trade World 4th Floor KamalaMills Compound Senapati Bapat Marg Lower Parel Mumbai-400013 email: info@nsdl.co.inwebsite: www.nsdl.com or Central Depository Services (India) Limited Marathon FuturexA-Wing 25th Floor N.M. Joshi Marg Lower Parel Mumbai-400013 email:investors@cdslindia.com website: www.cdslindia.com.

Share Transfer System

As per the directions of SEBI the Company has appointed M/s Beetal Financial &Computer Services (P) Ltd. as Common Agency for Share transfer both in physical and dematform w.e.f. 01.04.2003.

The Registrar and Share Transfer Agents register share transfers in physical formwithin 15-20 days of the receipt of the completed documents. Invalid share transfers werereturned within 15 days of receipt. All requests for dematerialisation of Shares wereprocessed and confirmations were given to the respective Depositories i.e. NationalSecurities Depository Limited and Central Depository Services (India) Ltd. The companyalso offers transfer cum Demat facility simultaneously.

Registrar & Share Transfer Agent

M/s Beetal Financial & Computer Services (P) Ltd.

Beetal House 3rd Floor 99 Madangir

Behind Local Shopping Centre

Nr. Dada Harsukhdas Mandir

New Delhi-110 062.

Ph: 011-29961281

E-mail: beetalrta@gmail.com

Distribution Schedule as on March 31 2021

Shareholding of nominal value of Re1 /- held

Shareholders

Total Shares % to Total Shares
Number % of Total
1-5000 4838 96.03 3408713 19.6634
5001-10000 105 2.08 757500 4.3697
10001-50000 61 1.18 1169634 6.7472
50001-100000 17 0.33 1281661 7.3934
100001 & above 17 0.33 10717792 61.8264
TOTAL 5038 100.00 17335300 100.00

Dematerialisation of Shares & Liquidity

The Company has entered into agreements with National Securities Depository Limited(NSDL) & Central Depository Services (India) Limited (CDSL). As at March 31 202177.257 percent (13392760 Shares) of the Company's total shares were held in dematerialisedform while 22.743 percent (3942540 Shares) were held in physical form.

Outstanding GDRs/ADRs/Warrants or any Convertible instruments conversion

Date impact on Equity : N.A.

Address for Correspondence:

Linaks Microelectronics Ltd. Phone: 0522-6549493

12.6 km. Barabanki Road

Chinhat Lucknow-227 105.

Email: linakspcb@yahoo.com Nomination Facility

Individual Shareholders of physical shares can nominate any person for the shares heldby them. This will save the nominee from going through the lengthy process of getting theshares lateron transmitted to his name. Members are requested to write to the Registrar& Share Transfer Agents to avail the facility. Means of Communication

The financial results were published in the Hindustan Times in English and Hindustan orSahara in Hindi the vernacular newspaper. All material information about the Company ispromptly uploaded online to the BSE's designated portal http://listing.bseindia.com theStock Exchange where the Company's Shares are listed and released for dissemination to thepublic at large.

Unclaimed Dividends

The Company has no unclaimed dividend.

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).

Orders Passed By Regulators/Courts/Tribunals

There is no such order passed by the Regulators/Courts/Tribunals in respect to theCompany during the financial year.

Disclosure

The Company entered into no transaction of material nature with the promotersDirectors the management or their relatives that could have had a potential conflict withthe interest of the Company. The Register of contracts containing the transactions inwhich the Directors are interested is regularly placed before the Board. There were nopecuniary transactions with the independent/non- executive Directors other than paymentfor expenses/fee for attending Board Meetings.

By order of the Board
Date: 13.08.2021
Place: Lucknow
(ANIL KUMAR SINGH) (J.R. SINGH)
Managing Director Director
DIN: 00225518 DIN: 08356669

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