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Ram Info Ltd.

BSE: 530951 Sector: IT
NSE: N.A. ISIN Code: INE357B01022
BSE 00:00 | 12 Aug 105.70 1.70
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NSE 05:30 | 01 Jan Ram Info Ltd
OPEN 104.00
PREVIOUS CLOSE 104.00
VOLUME 12510
52-Week high 183.00
52-Week low 54.00
P/E 8.90
Mkt Cap.(Rs cr) 71
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 104.00
CLOSE 104.00
VOLUME 12510
52-Week high 183.00
52-Week low 54.00
P/E 8.90
Mkt Cap.(Rs cr) 71
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Ram Info Ltd. (RAMINFO) - Director Report

Company director report

Dear Members

Your Directors take the pleasure in presenting the 27th Annual Report of RaminfoLimited (the Company) together with the Audited accounts for the Financial Year endedMarch 31 2021.

Financial Highlights

The performance of your company for the year under review is summarized below:

(Accordingly the Standalone and Consolidated Financial Statements for the year endedMarch 31 2021 as well as March 31 2020 forming part of this Annual Report have beenprepared in accordance with Ind AS.)

(Rs In Lakhs)
Standalone Consolidated
Particulars March 31 2021 March 31 2020 March 31 2021 March 31 2020
Revenue from Operations 7367.43 2905.44 7749.48 2905.44
Other Income 186.45 123.40 197.04 123.41
Profit before tax 246.98 79.11 246.59 70.81
Tax Expense
a) Current Tax 42.83 17.40 42.83 17.40
b) Less: MAT Credit entitlement - (17.40) - (17.40)
c) Mat Credit Lapsed (2018-2010) 22.37 - 22.37 -
d) Deferred Tax 13.10 (5.58) 13.10 (5.58)
Profit after Tax 182.94 84.69 179.25 76.39
Balance Carried to Balance Sheet 182.94 84.69 179.25 76.39
Earnings per Share (Basic) 2.72 1.26 2.67 1.14

Operations:

During the Financial Year 2020-21 the Income from Operations (Standalone) were Rs7367.43 Lakhs as compared to the previous year Rs 2905.44 Lakhs registering increase inrevenue by 153.60% Consequently the Net Profit after tax has increased from Rs 84.69Lakhs to Rs 182.94 Lakhs. During the period under review the operations of Company havewitnessed an upward trend and the Board is optimistic for the future progression of theCompany.

Domestic Market:

Your Company provides end-to-end technology and technology related services on a broadrange of Hardware and Software platforms. Your company's top priority is to capture growthopportunities by broadening its range of offerings in the realm of Information Technology.

The Company mainly engaged in development and maintenance of e-governance projects inthe states of Telangana Andhra Pradesh and Uttar Pradesh. As the Governments thrust one-governance projects for better citizenship services and mitigate problems in the publicutility/ distribution systems the Company foresees key opportunities as it hassuccessfully implemented and maintained various e-governance projects over the years.

The detailed overview of Domestic Markets and opportunities are given in the ManagementDiscussion and Analysis report attached as Annexure –C.

Future outlook:

Technologies such as cloud computing social media and data analytics are a paradigmshift in the sector and are offering new avenues of growth across verticals for ITcompanies. As the Government's thrust on e-governance projects for better e-government isincreasing the Company believes in sustaining and expanding into newer opportunities inthis domain. Therefore in order to grab upcoming opportunities and enormous scope in thisfield Raminfo plans to enter this stream and is working to build capacity to take upprojects.

This paradigm shift with the impact of COVID 19 and pacing improvements in thetechnology has paved the path for an excellent avenue of growth among the IT companies.Therefore in order to grab upcoming opportunities and enormous scope in this fieldRaminfo plans to foray in this stream and is working to build capacity.

Export Market:

The Company has been providing various consultancy services to its abroad customers andexpects it would grow further in the current financial year as its customers are forayinginto new markets.

Quality:

The company has implemented suitable quality measures applicable to its business. Thestandards currently applied and validated are ISO CMMi 3. Regular technology training isprovided to upgrade and improve the skills of employees as necessary.

Transfer of reserves:

The amount to be carried forward to Balance Sheet for the period under review is Rs182.94 Lakhs.

Change in the Nature of Business:

During period under review there was no change in the nature of business of theCompany.

Dividend:

The Board of Directors do not recommend dividend for the year as at March 31 2021 inorder to flow back the profits into business for expansion and augment the financialposition of the Company.

Transfer of Unclaimed Dividend to Investor Education and Protection Fund:

The provisions of Section 125(2) of the Companies Act 2013 do not apply as the Companyhas not declared and paid dividend.

Fixed Deposits:

Your Company has not accepted any fixed deposits and as such no principal or interestwas outstanding as on the date of the Balance sheet.

Material Changes and Commitments:

There are no material changes and commitments affecting the financial position of theCompany from the financial year ended March 31 2021 to the date of signing of theDirector's Report.

Impact of the Second Wave of COVID-19 on Company Operations:

In the last quarter of the FY 2020-21 with the major hit of the second wave of COVID19 pandemic developing rapidly in India compelled the State Governments to enforcelock-down of all economic activities which had an immediate impact on the companyoperations.

The Company had taken immediate measures to ensure the health and well-being of all theemployees and on minimizing disruption of services to all customers. While enforcingremote working measures social distancing to contain the spread of disease our officeshave been operating with minimal or no staff for extended period of times. More than 90%of the employees have been enabled to work remotely and securely enforcing a hybrid workstyle.

Details of impact of the Second Wave of COVID-19:

1. Cash Flows are under severe stress as the Governments are releasing the funds to theessential sectors only.

2. Profitability of the organization is under severe stress due to rationalization ofthe e-subcenters and citizen services revenues.

Steps taken to ensure smooth functioning of operations:

With the pro-active steps taken by the Company as mentioned above the Board is takingrequired steps so that the current pandemic should not materially affect the profitabilityand liquidity of the Company. Moreover in view of strict financial discipline maintainedyour Company would be able to service its debts and fulfil other financial obligations.Your Company has also put in place time bound real time internal financial reporting andminute controls. Being an ITES Company and the energetic measures implemented themanagement of your Company is looking forward for increased demand in its solutions in thecoming years. Similarly your Company is expecting that all the present and upcomingcontracts and agreements would be executed and satisfactory fulfilled and there will be noadverse impact on the Company.

The Company expects that the situation may come to normalization in Quarter 3 of FY2021-22. In case the situation comes to normalization as expected the Company may carryout its works as planned. Other than the above no material changes happened after theclosure of financial year which had any significant influence on the financial statementsof the Company.

Share Capital:

The Authorised Share Capital of the Company is

Rs 150000000/- (Rupees Fifteen Crores Only) divided into 15000000 Equity Sharesof Rs 10/- each. The Paid-up Share Capital is Rs 67136400/- (Rupees Six Crores SeventyOne Lakhs Thirty Six Thousand Four Hundred Only) divided into 6713640 Equity Shares ofRs 10/- each.

During the year under review there is no change in the Share Capital of the Company.

Annual return

In accordance to Section 92(3) of the Act and rule 12(1) of Companies (Management andAdministration) Rules 2014 (as amended) a copy of Annual return of the Company shall beplaced on the website of the Company at https://www.raminfo.com/Annual-reports.html.

Directors and Key Managerial Approval:

Your Board consists of FOUR Directors including TWO Independent Non-ExecutiveDirectors. The declaration from all the Independent Directors are being obtained both atthe time of appointment and at the First Board meeting of each Financial Year.

Mr. Venkata Anil Kumar Ambati being a Director is liable to retire by rotation in theensuing Annual General Meeting and being eligible offers himself for re-appointment. Mrs.Sunitha Choudhary resigned as Independent Directors of the Company w.e.f. April 232021.

Further during the period under review Mr. Kaushal Agarwal resigned as the CompanySecretary of the Company w.e.f. 01.09.2020. The Board appointed Mr. N. Dhruv Raj anAssociate member of the Institute of Company Secretaries of India as Company Secretaryand Compliance Officer of the Company as per Section 203 of the Companies Act 2013 andSEBI (Listing Obligations and Disclosure Requirements) Rules 2015 in its meeting held onDecember 18 2020.

The following are the changes that occurred in the composition of the Board and KeyManagerial Personnel from April 1 2020 till the date of this report.

S. Name of the Director/ No. Key Managerial Personnel Details of change
1. Mr. Srinath Reddy Lingamdinne Retired by rotation in the 26th Annual General Meeting held on 30th December 2020.
2. Ms. Sunita Choudhary No Change during the year under review. *Ceased to be a Director w.e.f. April 23 2021.*
3. Mr. Venkata Anil Kumar Ambati During the Year under review there has been no change in the directorship.
4. Mrs. Anamolu Akhila During the Year under review there was no change in the directorship.
5. Mr. Bhanu Kiran Reddy Bonthu Appointed as Independent Director in the 26th Annual General Meeting held on December 30 2020.
6. Mr. Venkateswara Rao Poosarla During in the During the Year under review there was no change in the position of Chief Financial Officer
7. Mr. Kaushal Agrawal Resigned from the position of Company Secretary and Compliance Officer w.e.f. September 01 2020.
8. Mr. N. Dhruv raj Appointed in the position of Company Secretary w.e.f. December 18 2020.

Number of Board Meetings:

During the year under review the Board of Directors met Seven times and conducted asper the Standards as forth in the Secretarial Standards – I. The details of theMeetings of Board are covered in the Corporate Governance Report. The maximum gap betweentwo board meetings was within 120 days as prescribed under the provisions of the CompaniedAct 2013 excepted for the gap between Last Board meeting of FY 2020 held on 14.02.2020and the first Board meeting of FY 2021 held on 31.07.2020 which is 168 days.

However owing to the COVID-19 pandemic situation the SEBI vide its CircularSEBI/HO/CFD/CMD1/CIR/P/2020/110 dated 26.06.2020 the SEBI was pleased to grant relaxationfor time gap between two Board Meetings/Audit Committee Meetings held or proposed to beheld between 01.12.2019 and 31.07.2020.

The dates of the Board Meetings are as follows:

31.07.2020 15.09.2020 27.10.2020 12.11.2020
26.11.2020 18.12.2020 10.01.2021 -

Board Meetings held and attended:

Name of the Director Category

No. of Board Meetings held in FY 2019-20

Held Attended
Mr. L Srinath Reddy Managing Director 7 7
Mr. V. Anil Kumar Ambati Whole-time Director 7 7
Mrs. Sunita Choudhary* Independent Director 7 5
Ms. Anamolu Akhila Independent Director 7 7
Mr. Bhanu Kiran Reddy Bonthu Independent Director 7 7

* Resigned w.e.f. 23.04.2021

Key Managerial Personnel:

In compliance with the requirements of Section 203 of the Companies Act 2013following are the Key Managerial Personnel of the Company as on March 31 2021:

1. Mr. L. Srinath Reddy - Managing Director
2. Mr. Venkata Anil Kumar Ambati - Whole Time Director
3. Mr. P. Venkateswara Rao - Chief Financial Officer
4. Mr. N. Dhruv Raj - Company Secretary and Compliance Officer.

Declaration of Independent Directors:

In accordance with sub-section (7) of Section 149 of the Companies Act 2013 theIndependent Directors on your Board have given a declaration that they meet the criteriaof Independence as provided in sub section (6) of Section 149 of the Act. There has beenno change in terms and conditions of appointment of Independent Directors the Policyrelating to their appointment can be accessed through web link ashttps://www.raminfo.com/pdfs/policies/1Terms%20&%20Conditions%20for%20Appt.%20of%20Independent%20 Directors.pdf

Formal Annual Evaluation of Performance of the Members of the Board and Committees:

The Board of Directors has carried out an annual evaluation of its own performanceBoard committees and individual Directors pursuant to the provisions of the Sections 134178 and Schedule IV of the Companies Act 2013. Evaluation was done after taking intoconsideration inputs received from the Directors covering various aspects of the Board'sfunctioning such as adequacy of the composition of the Board and its Committeesperformance of specific duties independence ethics and values attendance andcontribution at meetings etc.

The performance of the Independent Directors was evaluated individually by the Boardafter seeking inputs from all the directors on the effectiveness and contribution of theIndependent Directors.

The performance of the Committees was evaluated by the Board after seeking inputs fromthe Committee members based on the criteria such as the composition of Committeeseffectiveness of Committee meetings etc.

The Board reviewed the performance of the individual Directors on the basis of thecontribution of the individual Director during Board and Committee meetings.

In a separate meeting of Independent Directors held on January 10 2021 performance ofNon-Independent Directors and the performance of the Chairman was evaluated taking intoaccount the views of executive directors and non-executive directors. The IndependentDirectors also assessed the quality frequency and timeliness of flow of informationbetween the Board and the management that is necessary for effective performance.

The Extract of the Policy on Evaluation of Performance of the Board its Committees andindividual Directors is available on the website of the Company the web link for https://www.raminfo.com/pdfs/policies/5Policy%20on%20Board%20Evaluation.pdf

Evaluation by Board (Other than Independent Directors):

In accordance with Regulation 17(10) of SEBI Listing Regulations the entire Board ofDirectors of the Company shall evaluate the performance of Independent Directors of theCompany. Performance evaluation of Independent Directors was done by the entire Boardexcluding the Independent Director being evaluated.

Criteria for Performance Evaluation: a. Ability of the candidates to devotesufficient time and attention to his professional obligations as Independent Director forinformed and balanced decision making.

b. Adherence to the Code of Conduct in letter and in spirit by the IndependentDirectors.

c. Bringing objectivity and independence of view to the Board's discussions in relationto the Company's strategy performance and risk management.

d. Statutory Compliance and ensuring high standards of

financial probity and Corporate Governance.

e. Responsibility towards requirements under the Companies Act 2013 Responsibilitiesof the Board and Accountability under the Director's Responsibility Statement.

Familiarization Programme for Independent Directors:

All Independent Directors inducted into the Board attended an orientation program. TheFamiliarization Policy of the Company is available on its website www.raminfo.com. Afamiliarization program for the Independent Directors was held in its separate meeting.

Remuneration Ratio of the Directors/Key Managerial Personnel/ Employees:

Statement showing disclosures pertaining to remuneration and other details as requiredunder Section 197(12) of the Companies Act read with Rule 5(1) of the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 is enclosed herewithas Annexure-A to this Report.

COMMITTEES OF BOARD:

1. AUDIT COMMITTEE:

The Board constituted a qualified and independent Audit Committee comprising of threedirectors as its members out of which two thirds are independent directors in accordancewith Section 177 of the Companies Act 2013 read with Regulation 18 of SEBI (LODR)Regulations 2015.

The Composition of the Audit Committee was re-constituted on cessation of Mrs. SunithaChoudhary as Independent Director of the Company and Mr. V. Anil Kumar Ambati has replacedher position as under:

Name of the Director Category Designation No. of meetings entitled to attend No. of Meetings attended
Ms. Anamolu Akhila Independent Chairperson 5 5
Mrs. Sunita Choudary* Independent Member 5 5
Mr. Bonthu Bhanu Kiran Reddy Independent Member 5 5

* Mrs. Sunitha Choudhary* ceased to member of the Audit Committee w.e.f. 23.04.2021.

During the year under review meetings of the Audit Committee were held on 31.07.202015.09.2020 12.11.2020 26.11.2020 and 10.01.2021. The necessary quorum was present at allthe meetings and the gap between the two meetings did not exceed one hundred and twentydays as prescribed under the provisions of the Companied Act 2013 excepted for the gapbetween Last Audit Committee meeting of FY 2020 held on 14.02.2020 and the first AuditCommittee meeting of FY 2021 held on 31.07.2020 which is 168 days.

However owing to the COVID-19 pandemic situation the SEBI vide its CircularSEBI/HO/CFD/CMD1/CIR/P/2020/110 dated 26.06.2020 the SEBI was pleased to grant relaxationfor time gap between two Board Meetings/Audit Committee Meetings held or proposed to beheld between 01.12.2019 and 31.07.2020.

2. NOMINATION AND REMUNERATION COMMITTEE (NRC):

The Committee is empowered with the roles and powers as prescribed under Section 178 ofthe Companies Act 2013 Regulation 19 SEBI (LODR) Regulations 2015 and in the Nominationand Remuneration policy of the Company. The Committee also acts in terms of reference anddirections of the Board from time to time.

The Composition of the NRC was re-constituted upon cessation of Mrs. Sunitha Choudharyas Independent Director of the Company and Mr. V. Anil Kumar Ambati has replaced herposition in the Committee. The present composition of the NRC is as follows:

Name of the Director Category Designation No. of meetings entitled to attend No. of Meetings attended
Mrs. Sunita Choudary* Independent Chairperson 3 1
Ms. Anamolu Akhila Independent Member 3 3
Mr. Bonthu Bhanu Kiran Reddy Independent Member 3 3

* Mrs. Sunitha Choudhary* ceased to member of the Nomination and Remuneration Committeew.e.f. 23.04.2021.

During the year under review meetings of the NRC were held on 31.07.2020 27.10.2020and 18.12.2020. The necessary quorum was present at all the meetings.

3. STAKEHOLDER RELATIONSHIP COMMITTEE (SRC):

The Committee is empowered with the roles and powers as prescribed under Regulation 20of SEBI (LODR) Regulations 2015 such as to oversee the redressal of investor's complaintspertaining to share transfer non-receipt of Annual Reports dividend payments issue ofduplicate share certificate transmission of shares and other miscellaneous complaints.

The present composition of the SRC is as follows:

Name of the Director Category Designation No. of meetings entitled to attend No. of Meetings attended
Mr. Bonthu Bhanu Kiran Reddy Independent Chairperson 1 1
Mr. Venkata Anil Kumar Ambati Independent Member 1 1
Mr. L Srinath Reddy Independent Member 1 1

During the year under review meeting of SRC was held on 27.10.2020. The necessaryquorum was present for the said meeting.

Statutory Auditors:

M/s. Eswaraiah & Co Chartered Accountants Hyderabad (Registration No. 006157S)were appointed as the Statutory Auditors of the Company in the 23rd Annual GeneralMeeting who shall hold office till the conclusion of 28th Annual General Meeting. Theyhave confirmed their eligibility for the financial year 2020-21 under Section 141 of theCompanies Act 2013 and the Rules framed thereunder.

Qualifications in Statutory Auditors' Report:

The Board confirms that the Audit Report does not contain any qualifications orreservations made by the Auditors and hence no explanation thereto is required by theBoard.

Secretarial Auditor:

M/s. P.S.Rao & Associates Practicing Company Secretaries were appointed toconduct the Secretarial Audit of the Company for the financial year 2020-21 as requiredunder Section 204 of the Companies Act 2013 and Rules framed thereunder. The SecretarialAudit report for the financial year 2019-20 is annexed herewith as Annexure-B to theBoards' report.

Qualifications in Secretarial Auditors' Report:

The Secretarial Audit Report does not contain any qualifications/ reservation oradverse remarks and is self-explanatory.

Internal Auditor:

The Company has appointed M/s SLR & Associates Chartered Accountants as itsInternal Auditor in accordance with Section 138 of the Companies Act 2013 and Rule 13 ofCompanies (Accounts) Rules 2014. Their scope of work includes review of process forsafeguarding the assets of the Company review of operational efficiency effectiveness ofsystems and processes and assessing the internal control strengths in all areas.

Directors' Responsibility Statement:

Pursuant to the requirement under Section 134 of the Companies Act 2013 the Directorsconfirm that: a. In the preparation of Annual Accounts the applicable accountingstandards had been followed along with proper explanation relating to material departures.b. The Directors had selected such accounting policies and applied them consistently andmade judgments 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 and loss of the Company for that period. c. The Directors had taken proper andsufficient care for the maintenance of adequate accounting records in accordance with theprovisions of this Act for safeguarding the assets of the Company and for preventing anddetecting fraud and other irregularities. d. The Directors had prepared the annualaccounts on a going concern basis. e. The Directors had laid down internal financialcontrols to be followed by the Company and that such internal financial controls areadequate and are operating effectively; and f. The Directors had devised proper systems toensure compliance with the provisions of all applicable laws and that such systems areadequate and operating effectively.

Secretarial Standards:

The Company confirms compliance with the requirements of Secretarial Standard I andSecretarial Standard II.

Listing Agreement:

The shares of your Company are listed at BSE Ltd. Your Company has duly complied withall the requirements of concerned Stock Exchange in accordance with applicable provisionsof the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 along withother applicable SEBI Regulations as amended from time to time.

Corporate Governance:

Good governance facilitates efficient and effective management that can deliverstakeholder value over the longer term. It is a reflection of the Company's culturepolicies relationship with stakeholders commitment to values and ethical businessconduct. In the same spirit timely and accurate disclosure of information regarding thefinancial position performance ownership and governance of the Company is an importantpart of the Company's corporate governance guidelines.

The Company has adopted a Code of Conduct for its employees including the ManagingDirector and the Executive Directors. The said Code of Conduct is available on Company'sWebsite - www.raminfo.com

The Compliance of provisions of Corporate Governance are not applicable to the Companyas neither the Paid Up Capital nor the Net Worth of the Company has met the thresholdlimits prescribed under Regulation 15 of SEBI (Listing Obligations and DisclosureRequirements) Regulations 2015.

Though the report on Corporate Governance is not applicable your Company has givenDirectors' Report in detail covering all the disclosures.

Management Discussion and Analysis:

As required under Regulation 34 read with Schedule V (B) of SEBI (Listing Obligationand Disclosure Requirements) Regulations 2015 report on "Management Discussion andAnalysis" is annexed as Annexure - C forms a part of this Report.

Vigil Mechanism:

In accordance with Regulation 22 of SEBI (Listing obligations and DisclosureRequirements) Regulations 2015 the Company has formulated and established vigilmechanism for directors and employees to report concerns about unethical behavior. Noperson has been denied access to the Chairman of the Audit Committee. The said policy hasbeen made available on the website of the Company at the following link i.e.www.raminfo.com.

Sexual Harassment Policy:

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 provisions of Sexual Harassment of Women at Workplace (Prevention Prohibitionand Redressal) Act 2013 and the rules framed thereunder.

The Company has duly constituted an Internal Complaints Committee (ICC) as requiredunder Sexual Harassment of Women at Workplace (Prevention Prohibition and Redressal) Act2013. The disclosure pertaining to Complaints are given under:

No. of Complaints received during the year NIL
No. of Complaints disposed-off during the year NIL
No. of Complaints pending as on end of financial year NIL

Risk Management:

Risk Management is an enterprise wide function that aims at assessing threats tobusiness sustainability and mitigating those threats. The Board of Directors and seniormanagement team with industry experience develop frameworks and methodologies forassessing and mitigating risks and have put in place effective and robust systems for thepurposes of identification and mitigation of risks involved in the business of theCompany.

The Audit Committee oversees the Company's processes and policies for determining risktolerance and reviews management's measurement and comparison of overall risk tolerance toestablished levels. Major risks identified by the businesses and functions aresystematically addressed through mitigating actions on a continuing basis. The AuditCommittee has additional oversight in the area of financial risks and controls.

For details please refer to the Management Discussion and Analysis report which formpart of the Board Report.

Adequacy of Internal Financial Controls with reference to the Financial Statements:

The details in respect of internal financial control and their adequacy are included inthe Management Discussion & Analysis which forms part of this report.

Consolidated Financial Statements:

Pursuant to Section 136 of the Companies Act 2013 the audited financial statements ofthe Company and of the subsidiary including the consolidated financial statements areplaced on the Company's website www.raminfo.com.

Performance and Financial Position of the Subsidiary:

Pursuant to Rule 8 of the Companies (Accounts) Rules 2014 report on the performanceand financial position of the subsidiary included in the consolidated financial statementin prescribed Form AOC-1 is appended as Annexure- D to this Report.

Particulars of Loans Guarantees or Investments:

Details of Loans Guarantees and Investments covered under the provisions of Section186 of the Companies Act 2013 are given in the notes to the Financial Statements.

Related Party Transactions:

During the financial year under review all transactions with the related parties are incompliance with the provisions of section 188 of Companies Act 2013 and the details havebeen disclosed in the Financial Statements as required by the applicable accountingstandards. Form AOC-2 containing the notes on the aforesaid related party transactions isenclosed herewith as Annexure- E to this report.

Subsidiaries:

As on March 31 2021 the Company has one subsidiary i.e. M/s. Raminfo Digitech PrivateLimited pursuant to the provisions of Section 129(3) of the Companies Act 2013 read withRule 5 of Companies (Accounts) Rules 2014 a separate statement containing the salientfeatures of the financial statement of the subsidiary in Form AOC-1 is appended asAnnexure-D to this Annual Report.

Conservation of Energy Technology Absorption Foreign Exchange Earnings and Outgo:

The particulars as prescribed under Section 134(3)(m) of the Companies Act 2013 readwith the Companies (Accounts) Rules 2014 with respect to Conservation of EnergyTechnology Absorption and Foreign Exchange Earnings and Outgo are provided in Annexure -F to this Report.

Corporate Social Responsibility (CSR):

For the financial year 2020-21 the provisions of Section 135 of the Companies Act2013 relating to Corporate Social Responsibility are not applicable to Company.

Extract of Annual Return:

In accordance with Section 134(3)(a) of the Companies Act 2013 an extract of theannual return in the prescribed format in Form MGT-9 as per the provisions of theCompanies Act 2013 read with Rule 12 of Companies (Management and Administration) Rules2014 is annexed as Annexure –G.

Particulars of Employees:

For the financial year under review no employee of the Company was in receipt of Rs8.50 Lakhs per month or

Rs 102 Lakhs per annum. Therefore details pursuant to Section 197(12) of the CompaniesAct 2013 read with Rule 5(2) of the Companies (Appointment and Remuneration of ManagerialPersonnel) Rules 2014 are not required to be furnished.

Human Resources:

Your Company considers its Human Resource as the key to achieve its objectives. Keepingthis in view your Company takes all the care to attract and retain well qualified anddeserving employees. The employees are sufficiently empowered and enabled to work in anenvironment that inspires them to achieve higher levels of performance. The un_inchingcommitment of the employees is the driving force behind fulfilling the Company's vision.Your Company appreciates the contribution of its dedicated employees.

General:

Your Directors state that no disclosure or reporting is required in respect of thefollowing items as there were no transactions on these items during the year under review:

1. Issue of equity shares with differential rights as to dividend voting or otherwise.

2. Issue of shares (including sweat equity shares) to employees of the Company underany scheme.

3. No significant or material orders were passed by the Regulators or Courts orTribunals which impact the going concern status and Company's operations in future.

4. No material changes and commitments affecting the financial position of the Companyhave occurred between the end of the financial year and date of report.

5. No frauds were reported by the auditors during the year under review.

6. Maintenance of Cost records as specified by the Central Government under Section148(1) of the Companies Act 2013 is not required by the Company.

ACKNOWLEDGEMENTS:

Your Directors place on record their sincere thanks to bankers business associatesconsultants and various Government Authorities for their continues support extended toyour Company's activities during the year under review. Your Directors also acknowledgegratefully the Shareholders for their support and confidence reposed on the Company.

For and on Behalf of the Board of
RAMINFO LIMITED
(Sd/-) (Sd/-)
(L. Srinath Reddy) (V. Anil Kumar Ambati)
Date: 05.07.2021 Managing Director Whole-time Director
Place: Hyderabad DIN: 03255638 DIN: 06535455

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