annual report year ended 2014

8/11/2019 Annual Report Year ended 2014

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SMS TECHSOFT (INDIA) LIMITED

[Formerly known as AKL Soft Infosys (In!"a) Lt!#)

$E%ISTE$ED OFFICE

&' *atel $oa! $amna+ar Co"m,atore- ./0112

19thANNUAL REPORT

2013-14

3oar! of D"re4tors

Mr# 5# 6a+a!"s7 - Mana+"n+ D"re4tor

Mr# Akas7 Ka!an!ale - D"re4tor

Mr# *erana"!8 S"!!7"a7 De9ra: - D"re4tor Mr# Dars7an D# M"stry ; A!!"t"onal

D"re4tor


2/24

SMS TECHSOFT (INDIA) LIMITEDFormerly Known as AKL SOFT & INFOSYS (INDIA) LIMITED

$e+!# O


3/24


NOTICENot"4e "s 7ere,y +"9en t7at t7e 02t7Ann8al %eneral Meet"n+ of SMS TECHSOFT(INDIA) LIMITED [Formerly known as AKL Soft & Infosys (In!a) L!m!te"w"ll ,e

7el! at $e+!# Ot t7e >rot an! loss a44o8nt of t7e Com>anyfor t7e year en!e! on &0stMar47 '10/ an! 3alan4e S7eet as at t7at !atean! D"re4torBs $e>ort an! A8!"torsB $e>ort t7ereon#

2 To a>>o"nt a D"re4tor "n >la4e of Mr# De9ra: *erana"!8 (DIN= 11&0.) w7oret"res ,y rotat"on "n terms of se4t"on 0'(.) of t7e Com>an"es A4t '10&an! ,e"n+ el"+",le oers 7"mself for re-a>>o"ntment#

3 To a>>o"nt t7e A8!"tors an! to @ t7e"r rem8nerat"on an! "n t7"s re+ar! to4ons"!er an! "f t7o8+7t t to >ass w"t7 or w"t7o8t mo!"4at"on(s) t7efollow"n+ resol8t"on as an Or!"nary $esol8t"on=

!RESOL"ED THAT >8rs8ant to t7e >ro9"s"ons of Se4t"on 0&2 an! ot7er a>>l"4a,le>ro9"s"ons "f any of t7e Com>an"es A4t '10& an! t7e r8les frame! t7ere 8n!er asamen!e! from t"me to t"me M?s# K# $# S7a7 Asso4"ates C7artere! A44o8ntants(F"rm $e+"strat"on No# 012./') ,e an! are 7ere,y a>>o"nte! as A8!"tors of t7e

Com>any to 7ol! oer"o! of 9e () nan4"al years at s847 rem8nerat"on as may ,em8t8ally a+ree! ,etween t7e 3oar! of D"re4tors of t7e Com>any an! t7eA8!"tors#

SPECIAL BUSINESS:

4 To 4ons"!er an! "f t7o8+7t t to >ass w"t7 or w"t7o8t mo!"4at"on t7efollow"n+ resol8t"on as an or!"nary resol8t"on=

!RESOL"ED THAT Mr# Dars7an M"stry w7o was a>>o"nte! as an A!!"t"onal

D"re4tor of t7e Com>any w#e#f# 'G?1'?'10/ ,y t7e 3oar! of D"re4tors >8rs8ant toSe4t"on '.1 of t7e Com>an"es A4t 02. (4orres>on!"n+ rele9ant >ro9"s"ons 8n!erSe4t"on 0.0 of t7e Com>an"es A4t '10&) an! w7o 7ol!s o>o"nte! as a D"re4torof t7e Com>any#

# To 4ons"!er an! "f t7o8+7t t to >ass w"t7 or w"t7o8t mo!"4at"on t7efollow"n+ resol8t"on as an or!"nary resol8t"on=

!RESOL"ED THAT>8rs8ant to t7e >ro9"s"ons of Se4t"ons 0/2 0' an! ot7era>>l"4a,le >ro9"s"ons "f any of t7e Com>an"es A4t '10& an! t7e r8les frame!

t7ere 8n!er rea! w"t7 S47e!8le I5 to t7e A4t as amen!e! from t"me to t"me Mr#Dars7an M"stry (DIN= 1.G&'1G) an A!!"t"onal D"re4tor of t7e Com>any "f


4/24


a>>o"nte! as a D"re4tor "n t7"s A%M w7o 7as s8,m"tte! a !e4larat"on t7at 7emeets t7e 4r"ter"a for "n!e>en!en4e as >ro9"!e! "n Se4t"on 0/2(.) of t7e A4t an!w7o "s el"+",le for a>>o"ntment ,e a>>o"nte! as an In!e>en!ent D"re4tor of t7eCom>any w"t7 ee4t from &1t7Se>tem,er '10/ for a 4onse48t"9e >er"o! of 9e ()nan4"al years#

$ To 4ons"!er an! "f t7o8+7t t to >ass w"t7 or w"t7o8t mo!"4at"on t7efollow"n+ resol8t"on as an or!"nary resol8t"on=

!RESOL"ED THAT>8rs8ant to t7e >ro9"s"ons of Se4t"ons 0/2 0' an! ot7era>>l"4a,le >ro9"s"ons "f any of t7e Com>an"es A4t '10& an! t7e r8les frame!t7ere 8n!er rea! w"t7 S47e!8le I5 to t7e A4t as amen!e! from t"me to t"me Mr#De9ra: *erana"!8 (DIN= 11&0.) a ret"r"n+ D"re4tor of t7e Com>any "f a>>o"nte!as a D"re4tor "n t7"s A%M w7o 7as s8,m"tte! a !e4larat"on t7at 7e meets t7e4r"ter"a for "n!e>en!en4e as >ro9"!e! "n Se4t"on 0/2(.) of t7e A4t an! w7o "s

el"+",le for a>>o"ntment ,e a>>o"nte! as an In!e>en!ent D"re4tor of t7e Com>anyw"t7 ee4t from &1t7Se>tem,er '10/ for a 4onse48t"9e >er"o! of 9e () nan4"alyears#

% To 4ons"!er an! "f t7o8+7t t to >ass w"t7 or w"t7o8t mo!"4at"on t7efollow"n+ resol8t"on as an or!"nary resol8t"on=

!RESOL"ED THAT >8rs8ant to t7e >ro9"s"ons of Se4t"on 0/2(0) an! ot7era>>l"4a,le >ro9"s"ons "f any of t7e Com>an"es A4t '10& an! t7e r8les frame!t7ere 8n!er as amen!e! from t"me to t"me Mrs# An"ta Ka!ant7ala" (DIN=1.2&GG) "n res>e4t of w7om t7e Com>any 7as re4e"9e! a not"4e "n wr"t"n+ 8n!er

Se4t"on 0.1 of t7e Com>an"es A4t '10& from a mem,er >ro>os"n+ 7er 4an!"!at8refor t7e o>o"nte! as a oman D"re4tor of t7eCom>any w7o wo8l! ,e l"a,le for ret"re ,y rotat"on#

& To 4ons"!er an! "f t7o8+7t t to >ass w"t7 or w"t7o8t mo!"4at"on t7efollow"n+ resol8t"on as a s>e4"al resol8t"on=

!RESOL"ED THAT "n s8>ersess"on of all t7e earl"er resol8t"ons >asse! at t7e>re9"o8s %eneral Meet"n+s of t7e Com>any t7e 4onsent of t7e mem,ers of t7eCom>any ,e an! "s 7ere,y a44or!e! 8n!er t7e >ro9"s"ons of Se4t"on 0G1(0) oft7e Com>an"es A4t '10& (>re9"o8sly ,e"n+ Se4t"on '2&(0)(!) of t7e Com>an"es

A4t 02.) to t7e 3oar! of D"re4tors to ,orrow from t"me to t"me s847 s8m or s8msof money as t7ey may !eem ne4essary for t7e >8r>ose of t7e ,8s"ness of t7eCom>any notw"t7stan!"n+ t7at t7e mon"es to ,e ,orrowe! to+et7er w"t7 t7emon"es alrea!y ,orrowe! ,y t7e Com>any (a>art from 4as7 4re!"t arran+ement!"s4o8nt"n+ of ,"lls an! ot7er tem>orary loans o,ta"ne! from Com>anyBs 3ankers "nt7e or!"nary 4o8rse of ,8s"ness) an! rema"n"n+ o8tstan!"n+ at any >o"nt of t"mew"ll e@4ee! t7e a++re+ate of t7e *a"!-8> S7are Ca>"tal of t7e Com>any an! "ts Free$eser9es "#e# reser9es not set a>art for any s>e4"4 >8r>ose >ro9"!e! t7at t7etotal amo8nt 8> to w7"47 mon"es may ,e ,orrowe! ,y t7e 3oar! of D"re4tors an!w7"47 s7all rema"n o8tstan!"n+ at any +"9en >o"nt of t"me s7all not e@4ee! t7e s8mof $s# 011 4rores ($8>ees H8n!re! 4rores)#


5/24


9 To 4ons"!er an! "f t7o8+7t t to >ass w"t7 or w"t7o8t mo!"4at"on t7efollow"n+ resol8t"on as a s>e4"al resol8t"on=

!RESOL"ED THAT >8rs8ant to t7e >ro9"s"ons of Se4t"on 0G. of t7e Com>an"esA4t '10& an! t7e r8les frame! t7ere 8n!er as amen!e! from t"me to t"me

(>re9"o8sly ,e"n+ Se4t"on &'A of t7e Com>an"es A4t 02.) t7e 4onsent of t7emem,ers of t7e Com>any ,e an! "s 7ere,y +rante! to t7e 3oar! of D"re4tors oft7e Com>any to +"9e any loan to any 3o!y Cor>orate(s)?*erson(s) to +"9e any+8arantee or to >ro9"!e any se48r"ty "n 4onne4t"on w"t7 a loan to any 3o!yCor>orate(s)?*erson(s) an! to a4J8"re ,y way of s8,s4r">t"on >8r47ase orot7erw"se se48r"t"es of any 3o!y Cor>orate(s) an! to !e4"!e l"m"t 8> to w7"47 s847"n9estments "n se48r"t"es?loans?+8arantees t7at may ,e +"9en or ma!enotw"t7stan!"n+ t7at any loan +"9en to

any 3o!y Cor>orate(s)?*erson(s) any +8arantee +"9en or any se48r"ty >ro9"!e! "n4onne4t"on w"t7 a loan to any 3o!y Cor>orate(s)?*erson(s) an! to a4J8"re ,y way of

s8,s4r">t"on >8r47ase or ot7erw"se se48r"t"es of any 3o!y Cor>orate(s) maye@4ee! .1 of t7e a++re+ate of t7e >a"!-8> S7are Ca>"tal an! Free $eser9es an!Se48r"t"es *rem"8m A44o8nt or 011 of "ts Free $eser9es w7"47e9er "s 7"+7er atany >o"nt of t"me 7owe9er "t s7all not e@4ee! ,eyon! $s# 1 4rores at any >o"nt oft"me on s847 terms an! 4on!"t"ons as t7e 3oar! may t7"nk t#

P'*:Co"m,atore B+ ,.* ,/ th* B,. ,/D*t,Dt*:0G?1?'10/ FOR SMS

TECHSOFT (INDIA) LIMITED [Formerlyknown as AKL SOFT & INFOSYS (INDIA) LIMITED

CHAIRMAN

M " .h (DIN: 021122$1)

NOTES: -

0# A MEM3E$ ENTITLED TO ATTEND AND 5OTE AT THE A3O5E MEETIN% ISENTITLED TO A**OINT A *$O TO ATTEND AND 5OTE INSTEAD OF HIMSELF?

HE$SELF AND SCH *$O NEED NOT 3E A MEM3E$ OF THE COM*AN#INST$MENT OF *$O IN O$DE$ TO 3E EFFECTI5E MST 3E $ECEI5ED 3THE COM*AN NOT LESS THAN /G HO$S 3EFO$E THE MEETIN%#

'# T7e $e+"ster of Mem,ers an! S7are Transfer 3ooks of t7e Com>any w"llrema"n 4lose! from '.t7Se>t# '10/ to &1t7Se>t# '10/ (,ot7 !ays "n4l8s"9e)#

As a meas8re of e4onomy Ann8al $e>ort w"ll not ,e !"str",8te! at t7eMeet"n+# So mem,ers are reJ8este! to ,r"n+ t7e"r 4o>y of Ann8al $e>ortw"t7 t7em to t7e Ann8al %eneral Meet"n+#

/# E@>lanatory statement 8n!er se4t"on 01' of t7e 4om>an"es A4t '10& "satta47e! w"t7 t7e not"4e#


6/24


# In 4om>l"an4e w"t7 t7e >ro9"s"ons of Se4t"on 01G of t7e Com>an"es A4t'10& rea! w"t7 $8le '1 of t7e Com>an"es (Mana+ement an! A!m"n"strat"on)$8le '10/ an! Cla8se &3 of L"st"n+ A+reement t7e Com>any "s >ro9"!"n+e-9ot"n+ fa4"l"ty to "ts mem,ers w7ose names a>>ear "n t7e $e+"ster of

Mem,ers?3ene4"al owners as on t7e 48t-o !ate "#e# PPt7

Se>tem,er '10/w7o may 4ast t7e"r 9ote ,y ele4tron"4 mo!e on all resol8t"ons "n res>e4t of,8s"ness set fort7 "n t7e Not"4e t7ro8+7 e-9ot"n+ ser9"4es >ro9"!e! ,y CDSLt7ro8+7 t7e"r >ortal 7tt>=??www#e9ot"n+"n!"a#4om# In t7"s re+ar! mem,ersare not"e! t7at (") T7e Com>any 7as 4om>lete! t7e !"s>at47 of not"4e ofA%M t7ro8+7 $e+!# 3ook-*ost to all t7e mem,ers of t7e Com>any"n!"9"!8ally to t7e"r re+"stere! a!!ress alon+ w"t7 t7e E@>lanatory Statementan! Ann8al $e>ort an! ("") 5ot"n+ t7ro8+7 ele4tron"4 means s7all 4ommen4efrom 12=11 a#m# on PPPt7 Se>tem,er '10/ an! en!s at 1.=11 >#m# on PPt7Se>tem,er '10/#

Explanatory Statement(*8rs8ant to se4t"on 01' of t7e Com>an"es A4t '10&)

A *56*. 7+ *t,8 102 ,/ th* C,8* At 2013 (At) th* /,'',;8 *>o"nte! Mr# Dars7an M"stry as an A!!"t"onal D"re4tor of t7e Com>any# T7e 3oar!"s 4on!ent t7at w"t7 7"s e@tens"9e ,8s"ness knowle!+e e@>er"en4e an! e@>ert"se"n 7"s el! 7e wo8l! !en"tely en7an4e t7e 3oar!Bs stren+t7 an! !ynam"sm# S"n4et7e ten8re of a>>o"ntment of Mr# Dars7an M"stry as an A!!"t"onal D"re4tor "s !8e toe@>"re at t7"s Ann8al %eneral Meet"n+ a>>ro9al of mem,ers of t7e Com>any "s,e"n+ so8+7t "n or!er to 4onrm 7"s !"re4tors7"> >8rs8ant to Se4t"on 0.0 an! ot7era>>l"4a,le >ro9"s"ons of t7e Com>an"es A4t '10

o8r D"re4tors re4ommen! >ass"n+ of t7e ena,l"n+ $esol8t"on "n "tem no# / as an

Or!"nary $esol8t"on#

None of t7e D"re4tors or Key Mana+er"al *ersonnel (KM*) of t7e Com>any or t7e"rrelat"9es e@4e>t Mr# Dars7an M"stry "s 4on4erne! or "ntereste! nan4"ally orot7erw"se "n t7e resol8t"on set o8t at Item No#/#

It* N, # = $:

T7e Com>any 7a! >8rs8ant to t7e >ro9"s"ons of Cla8se /2 of t7e L"st"n+A+reement entere! w"t7 t7e Sto4k E@47an+e a>>o"nte! Mr# Dars7an M"stry an!Mr# De9ra: *erana"!8 as In!e>en!ent D"re4tors "n t7e >ast "n 4om>l"an4e w"t7 t7e

reJ8"rements of t7e Cla8se# *8rs8ant to t7e >ro9"s"ons of Se4t"on 0/2 of t7eCom>an"es A4t '10& w7"47 4ame "nto ee4t on A>r"l 0 '10/ e9ery l"ste!
http://www.evotingindia.com/http://www.evotingindia.com/


7/24


Com>any "s reJ8"re! to 7a9e at least one-t7"r! of t7e total n8m,er of D"re4tors asIn!e>en!ent D"re4tors w7o are not l"a,le for ret"re ,y rotat"on#

T7e 3oar! 7as re4ommen!e! t7e a>>o"ntment of Mr# Dars7an M"stry an! Mr#De9ra: *erana"!8 as In!e>en!ent D"re4tors from Se>tem,er &1 '10/ to Se>tem,er

'2 '102# Mr# Dars7an M"stry an! Mr# De9ra: *erana"!8 7a9e +"9en a !e4larat"on tot7e 3oar! t7at t7ey meet t7e 4r"ter"a of "n!e>en!en4e as >ro9"!e! "n Se4t"on0/2(.) of t7e A4t# In o>"n"on of t7e 3oar! Mr# Dars7an M"stry an! Mr# De9ra:*erana"!8 f8lll t7e 4on!"t"ons s>e4"e! "n t7e A4t an! t7e r8les frame! t7ere8n!er for a>>o"ntment as In!e>en!ent D"re4tor# In 4om>l"an4e w"t7 t7e >ro9"s"onsof Se4t"on 0/2 rea! w"t7 S47e!8le I5 of t7e A4t t7e a>>o"ntment of Mr# Dars7anM"stry an! Mr# De9ra: *erana"!8 as an In!e>en!ent D"re4tor "s now ,e"n+ >la4e!,efore t7e Mem,ers for t7e"r a>>ro9al# T7e terms an! 4on!"t"ons of a>>o"ntment ofMr# Dars7an M"stry an! Mr# De9ra: *erana"!8 s7all ,e o>en for "ns>e4t"on ,y t7eMem,ers at t7e $e+"stere! Oany !8r"n+ normal ,8s"ness 7o8rs onany work"n+ !ay#

None of t7e D"re4tors or Key Mana+er"al *ersonnel (KM*) of t7e Com>any or t7e"rrelat"9es e@4e>t Mr# Dars7an M"stry an! Mr# De9ra: *erana"!8 "s 4on4erne! or"ntereste! nan4"ally or ot7erw"se "n t7e resol8t"on set o8t at Item No# .#

It* N, %:

*8rs8ant to t7e >ro9"s"ons of Se4t"on 0/2 of t7e Com>an"es A4t '10& w7"47 4ame

"nto ee4t on A>r"l 0 '10/ e9ery l"ste! Com>any "s reJ8"re! to 7a9e at least one-woman D"re4tor w7o "s l"a,le for ret"re ,y rotat"on#

T7e 3oar! 7as re4ommen!e! t7e a>>o"ntment of Mrs# An"ta Ka!ant7ala" as aoman D"re4tor w#e#f# Se>tem,er &1 '10/# Mrs# An"ta Ka!ant7ala" 7as +"9en 7er4onsent "n Form DI$-' as reJ8"re! 8n!er t7e A4t# S7e 7as also +"9en a !e4larat"on"n Form DI$-G t7at s7e "s not !"sJ8al"e! 8n!er Se4t"on 0./ of t7e A4t an! "s ,e"n+el"+",le for a>>o"ntment as D"re4tor# In o>"n"on of t7e 3oar! Mrs# An"ta Ka!ant7ala"f8llls t7e 4on!"t"ons s>e4"e! "n t7e A4t an! t7e r8les frame! t7ere 8n!er fora>>o"ntment as a D"re4tor# In 4om>l"an4e w"t7 t7e >ro9"s"ons of Se4t"on 0/2 of t7eA4t t7e a>>o"ntment of Mrs# An"ta Ka!ant7ala" as a D"re4tor "s now ,e"n+ >la4e!

,efore t7e Mem,ers for t7e"r a>>ro9al# T7e terms an! 4on!"t"ons of a>>o"ntment ofMrs# An"ta Ka!ant7ala" s7all ,e o>en for "ns>e4t"on ,y t7e Mem,ers at t7e$e+"stere! Oany !8r"n+ normal ,8s"ness 7o8rs on any work"n+!ay#

None of t7e D"re4tors or Key Mana+er"al *ersonnel (KM*) of t7e Com>any or t7e"rrelat"9es e@4e>t Mrs# An"ta Ka!ant7ala" "s 4on4erne! or "ntereste! nan4"ally orot7erw"se "n t7e resol8t"on set o8t at Item No# #

It* N, &:

In terms of t7e >ro9"s"ons of Se4t"on 0G1 of t7e Com>an"es A4t '10& t7e 3oar!4an e@er4"se 4erta"n >owers only w"t7 t7e 4onsent of mem,ers "n +eneral meet"n+


8/24


,y >ass"n+ s>e4"al resol8t"on# In relat"on to t7e sa"! >ro9"s"ons an! "n 9"ew of t7ee@>e4te! +rowt7 "n t7e ,8s"ness of t7e Com>any t7e 3oar! of D"re4tors on ,e7alfof t7e Com>any may ,orrow mon"es from 9ar"o8s so8r4es 4onseJ8ent to w7"47 t7eamo8nt o8tstan!"n+ 4o8l! e@4ee! t7e earl"er l"m"t !e4"!e! ,y t7emem,ers?D"re4tors earl"er to t7"s resol8t"on ,8t s7all not at anyt"me e@4ee! t7e

l"m"t of $s# 011 4rores# F8rt7er 8n!er t7e A4t "t "s now reJ8"re! t7at s847 aresol8t"on s7all ,e >asse! ,y way of a s>e4"al resol8t"on#

o8r D"re4tors a44or!"n+ly re4ommen! "n4rease "n t7e ,orrow"n+ >owers to $s# 0114rores as set o8t "n t7e ena,l"n+ resol8t"on at Item No# G for t7e a>>ro9al of t7emem,ers#

None of t7e D"re4tors or Key Mana+er"al *ersonnel (KM*) of t7e Com>any or t7e"rrelat"9es "s 4on4erne! or "ntereste! nan4"ally or ot7erw"se "n t7e resol8t"on seto8t at Item No# G#

It* N, 9:

T7e 3oar! of D"re4tors of a Com>any 7as ,een >erm"tte! to make loans +"9e+8arantees >ro9"!e se48r"t"es to an! make "n9estments "n t7e se48r"t"es of ot7er,o!"es 4or>orate to t7e e@tent of .1 of "ts >a"!-8> 4a>"tal an! free reser9es an!se48r"t"es >rem"8m a44o8nt or 011 of "ts free reser9es an! se48r"t"es >rem"8ma44o8nt w7"47e9er "s 7"+7er "n terms of Se4t"on 0G. of t7e Com>an"es A4t '10&from t"me to t"me for ,8s"ness >8r>oses#

7ere t7e a++re+ate of loans an! "n9estments ma!e +8arantees +"9en an!se48r"t"es >ro9"!e! e@4ee! t7e aforesa"! l"m"ts >r"or a>>ro9al of t7e Mem,ers ,y

way of S>e4"al $esol8t"on "s reJ8"re!#

It may ,e note! t7at "n terms of erstw7"le Se4t"on &'A of t7e Com>an"es A4t02. any "nter-4or>orate loan +"9en ? "n9estment ma!e ? +8arantee +"9en ? se48r"ty>ro9"!e! to w7olly owne! s8,s"!"ar"es are e@em>t w7"le re4kon"n+ t7e o9erall l"m"t>erm"ss",le as >er t7e sa"! >ro9"s"ons of t7e A4t# Howe9er "n terms of Se4t"on 0G.of t7e Com>an"es A4t '10& s847 e@em>t"on 7as ,een w"t7!rawn an! t7e sames7all ,e "n4l8!e! for arr"9"n+ at t7e a++re+ate >erm"ss",le l"m"t an! 7en4e any loan+"9en ? "n9estment ma!e ? +8arantee +"9en ? se48r"ty >ro9"!e! 7a9e to ,e "n4l8!e!

for t7e >8r>ose of arr"9"n+ at t7e aforesa"! o9erall l"m"t an! t7erefore "t "s >ro>ose!t7at t7e s7are7ol!ers may @ t7e l"m"t at $s# 1 4rores#

T7e 3oar! re4ommen!s t7e ena,l"n+ S>e4"al $esol8t"on for s7are7ol!ersQ a>>ro9al#

None of t7e D"re4tors or Key Mana+er"al *ersonnel (KM*) of t7e Com>any or t7e"rrelat"9es "s 4on4erne! or "ntereste! nan4"ally or ot7erw"se "n t7e resol8t"on seto8t at Item No# 2#

P'*= Co"m,atore B+ ,.* ,/ th* B,. ,/D*t,


9/24


Dt*= 0G?1?'10/ FOR SMS TECHSOFT(INDIA) LIMITED [Formerlyknown as AKL SOFT & INFOSYS (INDIA) LIMITED

CHAIRMAN

M " .h

(DIN: 021122$1)

DIRECTORS> REPORT

ToT7e Mem,ers ofM?s SMS Te47soft (In!"a) L"m"te!

o8r D"re4tors 7a9e >leas8re "n >resent"n+ t7e Ann8al $e>ort of t7e Com>anyto+et7er w"t7 t7e A8!"te! A44o8nts for t7e nan4"al year en!e! on &0st

Mar47 '10/

1 F88' R*6't ($s# "n la4s)

*art"48lars F '10&-0/ F '10'-0&


10/24


Sales '1#11 /G#1Ot7er "n4ome 01#11 01#G1De>re4"at"on 0. 0/#'Ot7er e@>enses 1#/1 /.*rot? Loss ,efore Ta@ -11#2 10#1'

*rot?Loss after Ta@ -11#2 11#

D8r"n+ t7e year 4om>any 4o8l! not a47"e9e reasona,le le9el of +rowt7,e4a8se of 9ar"o8s reasons# T8rno9er of t7e 4om>any 7as also ,een!e4rease! "n 4om>ar"son to t7e >re9"o8s year !8e to term"nat"on of lan!a4J8"s"t"on >ro+ramme >lanne! to en9"sa+e "ts e@>ans"on >lan "n '100-0' ona44o8nt of t"tle !e4"en4y "ss8e re4o9ere! re4ently "n t7e a4J8"re! lan!#F8rt7er t7e Com>any 7as also >lanne! to e@>an! o>erat"onal a4t"9"ty an!new a9en8es s847 as !ata >8r47ase for ,8s"ness !e9elo>ment an!7en4efort7 t7e Com>any 7a! "n48rre! loss "n t7e 48rrent year# T7e 4om>any

w"ll try to a47"e9e t7e >erforman4e as >re9"o8s year "n terms of t8rno9er aswell as >rot "n ne@t year ,y mak"n+ more "n"t"at"9e "n t7e a4t"9"t"es of t7e4om>any#

2 P*,88*'o8r !"re4torsB w"s7 to >la4e on re4or! t7e"r a>>re4"at"on for t7e 4ontr",8t"onto +rowt7 of t7e ,8s"ness ma!e ,y em>loyees at all le9els# Informat"on asreJ8"re! >8rs8ant to se4t"on '0('A) of t7e 4om>an"es A4t 02. 7as not,een +"9en as "t "s not a>>l"4a,le#

3 A6.t,

M?s K# $# S7a7 Asso4"ates C7artere! A44o8ntants A7me!a,a! A8!"tor oft7e Com>any (F"rm $e+"strat"on No#= 012./') 7ol!s oer newly "nserte!Se4t"on 0&2 of t7e Com>an"es A4t '10& t7ey are a>>o"nte! for a term of9e 4onse48t"9e nan4"al years for w7"47 ne4essary resol8t"on "s >8t to 9ote"n t7"s A%M as state! "n t7e "tem no# & of t7e not"4e t7ey are el"+",le fora>>o"ntment to 4on!84t stat8tory a8!"t# T7e 4om>any 7as re4e"9e!4ert"4ate from t7e a8!"tor to t7e ee4t t7at t7e"r a>>o"ntment "f ma!ewo8l! ,e w"t7"n t7e >res4r",e! l"m"ts 8n!er t7e Com>an"es A4t#

Notes to t7e a44o8nts referre! to "n A8!"torBs re>ort are self e@>lanatory an!

t7erefore !o not 4all for any f8rt7er 4omments#

4 D*,tD8r"n+ t7e year 8n!er re9"ew Com>any 7as not a44e>te! any De>os"tsfall"n+ 8n!er Se4t"on GA of Com>an"es A4t 02.#

# E8*+ T*h8,',+ A8. F,*8 Eartment of Com>anyAa"rs M"n"stry of F"nan4e "s not a>>l"4a,le#


11/24


$ D*t,> R*,87't+ Stt**8t*8rs8ant to Se4t"on '0('A) of Com>an"es A4t 02. t7e D"re4tors 4onrmt7at="# In t7e >re>arat"on of Ann8al A44o8nts a>>ro>r"ate a44o8nt"n+ stan!ar!

7a9e ,een followe!#

""# A>>ro>r"ate a44o8nt"n+ >ol"4"es 7a9e ,een sele4te! an! a>>l"e!4ons"stently an! :8!+ments an! est"mates ma!e t7at are reasona,lean! >r8!ent so as to +"9e tr8e an! fa"r 9"ew of state of aa"rs of t7e4om>any at t7e en! of nan4"al year en!e! &0st Mar47 '10/#

"""# *ro>er an! s8>o"ntment at t7e +eneral meet"n+ an! "f a>>o"nte! as D"re4tor of t7eCom>any ,e a>>o"nte! as an In!e>en!ent D"re4tor for 4onse48t"9e 9enan4"al years as >er >ro9"s"ons of Se4t"on 0/2 of t7e Com>an"es A4t '10Mr# Dars7an M"stry "s ,e"n+ a>>o"nte! as an In!e>en!ent D"re4tor for t7ree4onse48t"9e 9e years as >er >ro9"s"ons of Se4t"on 0/2 of t7e Com>an"es A4t

'10 Mrs# An"ta Ka!ant7ala" "s ,e"n+ a>>o"nte! as a oman D"re4tor as >er>ro9"s"ons of Se4t"on 0/2 of t7e Com>an"es A4t '10 Mr# Das7rat7k8marK7atr" an! Mr# D"l"> %a::ar 7as res"+ne! from t7e D"re4tors7">s of t7eCom>any !8r"n+ t7e year# Ne4essary resol8t"ons for t7e a>>o"ntment ?re-a>>o"ntment of t7e aforesa"! !"re4tors 7a9e ,een "n4l8!e! "n t7e not"4e4on9en"n+ t7e ens8"n+ A%M an! !eta"ls of t7e >ro>osal for a>>o"ntment ? re-a>>o"ntment are ment"one! "n t7e e@>lanatory statement of t7e not"4e# o8r!"re4tors 4ommen! t7e"r a>>o"ntment ? re-a>>o"ntment# All t7e !"re4tors oft7e Com>any 7a9e 4onrme! t7at t7ey are not !"sJ8al"e! from ,e"n+a>>o"nte! as !"re4tors "n terms of Se4t"on 0./ of t7e Com>an"es A4t '10&(*re9"o8sly ,e"n+ Se4t"on '/(0) (+) of t7e Com>an"es A4t 02.)#

& R*,t ,8 C,,t* ?,@*88*Com>l"an4e $e>ort on Cor>orate %o9ernan4e "s a >art of Ann8al $e>ort "sanne@e! 7erew"t7#

9 A8,;'*.**8t


12/24


o8r D"re4tors w"s7 to >lease on re4or! t7e"r a>>re4"at"on of t7e w7ole7earte! 4o-o>erat"on e@ten!e! to 4om>any from 9ar"o8s !e>artments of t7e4entral an! state +o9ernments 4om>anyB ,ankers an! nan4"al "nst"t8t"onsan! em>loyees of t7e 4om>any an! look forwar! for t7e same 4or!"alrelat"ons7"> "n 4om"n+ years#

PLACE= COIM3ATO$E FOR AND ON BEHALF OF THEBOARDDATE= 0G?1?'10/

CHAIRMAN M " .h (DIN:

021122$1)


13/24


REPORT OF THE DIRECTORS ON CORPORATE ?O"ERNANCE

T7e Se48r"t"es an! E@47an+e 3oar! of In!"a (SE3I) 4onst"t8te! t7e Comm"tteeon Cor>orate %o9ernan4e to >romote an! ra"se t7e stan!ar! of Cor>orate

%o9ernan4e of l"ste! 4om>an"es# T7e Comm"ttee 7as ma!e re4ommen!at"onon t7e 4om>os"t"on of t7e ,oar! of !"re4tors a8!"t 4omm"ttee ,oar!>ro4e!8re et4#

T7e 4om>any 7as taken ne4essary ste>s to 4om>ly w"t7 t7e 4la8se of /2 oft7e re9"se! L"st"n+ A+reement +"9en ,elow "s t7e re>ost of t7e D"re4tors ont7e Cor>orate %o9ernan4e#

REPORT ON CORPORATE ?O"ERNANCE

1 COMPANY>S PHILOSOPHY ON CODE OF CORPORATE ?O"ERNANCE:

T7e Com>any ,el"e9es "n f8n4t"on"n+ "n a trans>arent manner w"t7 t7e ,as"4>7"loso>7y ,e"n+ to en7an4e t7e S7are7ol!er 9al8e kee>"n+ "n m"n! t7enee!s an! "nterest of ot7er stake7ol!ers "n 4om>l"an4e t7ereof# T7efollow"n+ "nformat"on "s >la4e! ,efore t7e s7are7ol!ers#

1 BOARD OF DIRECTORS

N* ,/D*t,

Ct*,+N, ,/B,.

M**t8Att*8.*

.

Lt A?MAtt*8.8

*Mr# 5# 6a+a!"s7 M+# D"re4tor G G ES

Mr# Akas7Ka!an!ale

*romoter !"re4tor G G ES

Mr# *erana"!8De9ra:

Non e@e48t"9eIn!e>en!entD"re4tor

G G ES

Mr# Dars7an M"stry Non E@e48t"9eIn!e>en!entD"re4tor

G ' NO

Mr# D"l">,7a" 6#%a::ar

Non E@e48t"9eIn!e>en!entD"re4tor

G . No

Mr#Das7arat7k8marK# K7atr"

Non E@e48t"9eIn!e>en!entD"re4tor

G . No

No D"re4tors are 7a9"n+ C7a"rmans7"> of more t7an 9e 4om>an"es w7ere t7eyare !"re4tor#


14/24


In l"ne w"t7 t7e reJ8"rements of t7e 4o!e of t7e 4or>orate +o9ernan4e t7e,oar! of !"re4tors 4om>r"ses of 9e mem,ers# Howe9er o8r Com>any "stry"n+ "ts le9el ,est to a44om>l"s7 t7e re9"se! 4la8se-/2 of l"st"n+

a+reement#

Com>any !oes not 7a9e any system of >ayment of rem8nerat"on to"n!e>en!ent D"re4tors#

F8rt7er !8r"n+ t7e year meet"n+ of 3oar! of D"re4tors was 7el! G t"mes#

A !e4larat"on s"+ne! ,y S7r" 5# 6a+a!"s7 Mana+"n+ D"re4tor of t7e4om>any a44or!"n+ 4om>l"an4e of s8,-Cla8se (0D) of Cla8se /2 of t7el"st"n+ A+reement "s atta47e! 7erew"t7 form"n+ >art of 7"s Ann8al $e>ort#

2 AUDIT COMMITTEE

*resently t7e 4om>any 7as Fo8r D"re4tors# T7e 4om>any 7as "n!e>en!enta8!"t 4omm"ttee w7"47 s8,m"ts "ts re>ort to t7e mana+ement on mont7ly,as"s an! a4t"on "s taken on t7e same ,y t7e Mana+"n+ D"re4tor on re+8lar,as"s#

*8rs8ant to t7e re9"se! 4la8se /2 of t7e l"st"n+ a+reement t7e 4om>any7as a>>o"nte! A8!"t 4omm"ttee 4ons"st"n+ of follow"n+s=

(") Mr# De9ra: *erana"!8 - C7a"rman

("") Mr# Akas7 Ka!an!ale - Mem,er(""") Mr# 5# 6a+a!"s7 - Mem,er

T7e s4o>e of 4omm"ttee "n4l8!es#

a# $e9"ew of 4om>anyBs nan4"al re>ort"n+ >ro4ess an! t7e nan4"alstatement#,# $e9"ew "nternal 4ontrol systems an! f8n4t"on"n+ of "nternal a8!"t>ro4ess#4# *ost a8!"t re9"ew w"t7 stat8tory a8!"tors#

D8r"n+ t7e year 8n!er re9"ew A8!"t 4omm"ttee met fo8r t"mes w7ere allt7e mem,ers atten!e! meet"n+s#

Name of D"re4tor Ot7er D"re4tors7">(No# of Com>any)

Mr# 5# 6a+a!"s7 0Mr# Akas7 Ka!an!ale 1Mr# *erana"!8 De9ra: &

Mr# Dars7an M"stry 1Mr# D"l">,7a" %a::ar 0Mr# Das7rat7k8mar K7atr" 1


15/24


3 REMUNERATION COMMITTEE

No rem8nerat"on was >a"! to !"re4tors !8r"n+ t7e year# No s"tt"n+ fees are>aya,le to any D"re4tor#

$em8nerat"on 4omm"ttee 4ons"st"n+ follow"n+=(") Mr# D"l"> %a::ar -C7a"rman("") Mr# Akas7 Ka!an!ale -Mem,er(""") Mr# 5# 6a+a!"s7 -Mem,er

4 SHAREHOLDERS> COMMITTEE

T7e 4om>any 7as 4om>l"e! w"t7 t7e reJ8"rement of t7e s8, 4la8se 5I (A)(3) of t7e 4la8se /2 of t7e L"st"n+ a+reement#

T7e 4om>os"t"on of s7are7ol!ers 48m "n9estorsB +r"e9an4e 4omm"ttee wasas follows=

(") Mr# Das7rat7k8mar K7atr" - C7a"rman

("") Mr# *erana"!8 De9ra: - Mem,er(""") Mr# Akas7 Ka!an!ale - Mem,er

D8r"n+ t7e year t7e 4om>any an! t7e"r $e+"strar an! S7are TransferA+ents M?s S7are>ro ser9"4es In!"a *9t# Lt!# 7as not re4e"9e! any4om>la"nts# It "s >ol"4y of t7e 4om>any to +"9e re>ly of s7are7ol!ers4om>la"nt w"t7"n t7e t"me frame >res4r",e! ,y t7e SE3I?Sto4k E@47an+es#

T7e S7are re4e"9e! for transfer "s a>>ro9e! on 0t7an! &1t7 of t7e ea47mont7 an! are +"9en ee4t ,y t7e $e+"strar an! S7are Transfer A+ent#

M?s# S7are>ro ser9"4es In!"a *9t# Lt!# was a>>o"nte! as 4ommon A+ent forele4tron"4 as well as >7ys"4al s7are transfer work#

# ?ENERAL BODY MEETIN?:

Date Ty>e T"me Lo4at"on&1?12?'100 A%M 01#11 AM &' *atel roa! $am

Na+ar Co"m,atoreTam"l Na!8# ./0112#

'G?12?'10' A%M 01#11 A#M#&1?12?'10& A%M 01#11 A#M#

T7ere were no s>e4"al resol8t"ons >asse! ,y t7e 4om>any t7ro8+7 >ostal

,allot at any of t7e a,o9e ann8al +eneral meet"n+#


16/24


$ DISCLOSURES:

(A) D8r"n+ t7e year 8n!er re9"ew t7e J8arterly 8na8!"te! res8lts were

taken on re4or! ,y t7e 3oar! of D"re4tors at t7e en! of mont7 of

res>e4t"9e J8arter# Howe9er "n terms of 4la8se /0 of L"st"n+

A+reement t7e same were f8rn"s7e! to t7e 4on4erne! sto4ke@47an+es w"t7"n t7e st">8late! t"me#

(3) Com>any 7as followe! a44o8nt"n+ stan!ar!s !"l"+ently#

(C) F8rt7er 4om>any "s "n t7e >ro4ess of ly"n+ !own r"sk assessment

system#

(D) F8rt7er 4om>any 7as not re4e"9e! any f8n!s t7ro8+7 4a>"tal market

!8r"n+ t7e year#

(E) Transa4t"on w"t7 relate! >art"es 7a9e ,een >ro>erly !"s4lose! "n notes

to a44o8nts an! !"s48sse! at len+t7 ,y a8!"t 4omm"ttee#

(F) Mana+ement !"s48ss"on an! analys"s re>ort "s atta47e! to an! forms

>art of t7"s re>ort#

(%) F8rt7er S7r" 5# 6a+a!"s7 Mana+"n+ D"re4tor of t7e 4om>any as

4ert"e! to ,oar! of !"re4tors of t7e 4om>any re+ar!"n+ 4om>l"an4e

of s8,-4la8se (9) of 4la8se /2 of l"st"n+ a+reement#

% MEANS OF COMMUNICATION:

T7e means of 4omm8n"4at"on ,etween t7e S7are7ol!ers an! 4om>any are

trans>arent an! "n9estor fr"en!ly# Ste>s are ,e"n+ taken to !"s>lay t7e

4or>orate res8lts on t7e EDIFA$ Cor>orate we,s"te w7"47 "s ,e"n+

!e9elo>e!#

& ?ENERAL SHAREHOLDERS> INFORMATION

Ann8al %eneral Meet"n+= Date= &1?12?'10/

(Date T"me 5en8e) T"me= 01#11 a#m#

5en8e= &' *atel $oa!

$amna+ar

Co"m,atore- ./0112#

F"nan4"al ear 0stA>r"l '10& to &0stMar47 '10/

Dates of 3ook Clos8re From '.t7Se>t# '10/ to &1t7 Se>t#

'10/


17/24


(3ot7 !ays "n4l8s"9e)

D"9"!en! *ayment Date No D"9"!en! re4ommen!e!#

9 LISTIN? OF STOC ECHAN?E:

T7e 3om,ay Sto4k E@47an+e L"m"te! - &0G&GT7e Co"m,atore Sto4k E@47an+e L"m"te! - --

10 MARET PRICE DATA AT BOMBAY STOC ECHAN?E LIMITED:

MONTH HI?H (RS) LO(RS)

A>r"l '10& 1#' 1#/&May '10& 1#0 1#/68ne '10& 1# 1#&268ly '10& 1#& 1#/'A8+8st '10& 1#/G 1#'Se>tem,er '10& 1#'/ 1#12O4to,er '10& 1#0' 1#12No9em,er '10& 1#0' 1#12De4em,er '10& 1#00 1#126an8ary '10/ 1#0' 1#12Fe,r8ary '10/ 1#01 1#1GMar47 '10/ 1#12 1#1

11 DISTRIBUTION PATTERN AS ON THE 31ST MARCH 2014:

N, ,/Sh*

P**8t*

*romoters an!$elat"9es

0/.211 /#2G

3anks? FII? FI 1 1*8,l"4 '22&1'/1 G#//


18/24


3o!y Cor>orate &'2G&&& 2#&1N$I .1&G. 1#0Clear"n+ Mem,ers &&.0 1#00T,t' 3#0#%2000 10000

12 RE?ISTRAR AND SHARE TRANSFER A?ENT:

M?s# S7are>ro ser9"4es In!"a *9t# Lt!#0& A3 Sam7"ta are7o8s"n+ Com>le@Sak"naka Tele>7one E@47an+e LaneK8rla An!7er" $oa! Sak"nakaM8m,a" ; /11 1'Tele = 1''- .'1&11Fa@= 1''-'G1G2'

13 SHARE TRANSFER SYSTEM:

T7e s7are transfer work "s 7an!le! ,y re+"strar an! transfer a+ent for t7e4om>any#

S7are Transfers are re+"stere! an! !"s>at47e! w"t7"n a >er"o! of t7"rty!ays from t7e !ate of t7e lo!+ments "f t7e transfer !o48ments are 4orre4tan! 9al"! "n all res>e4ts#

14 DEMATIRIALISATION OF SHARES:

O8tstan!"n+ %D$s?AD$s?arrants or any Con9ert",les = N#A#"nstr8ments an! 4on9ers"on !ate an! l"kely "m>a4t on EJ8"ty

A!!ress for Corres>on!en4e = &' *atel$oa!

$am Na+ar

Co"m,atoreTam"l Na!8-./0112#

&11&2111 eJ8"ty s7ares o8t of &1'111 EJ8"ty s7ares of t7e 4om>any7a9e ,een !emater"al"Re! as at &0stMar47 '10/ re>resent"n+ 22#G oftotal >a"!-8> 4a>"tal of t7e 4om>any#

F, 8. O8 7*h'/ ,/ th* B,. ,/D*t,

Dt*: 0G?1?'10/

P'*:Co"m,atore(M " .h)


19/24


M88 D*t,

(DIN: 021122$1)

MANA?EMENT DISCUSSION AND ANALYSIS

1 O@*'' R*@*;:

T7e o9erall >erforman4e !8r"n+ t7e nan4"al year '10&-0/ 7as not ,eensat"sfa4tory#

2 F88' R*@*;:Total t8rno9er for t7e year en!e! &0stMar47 '10/ was $s# '1 lak7s# T7"s!e4rease was ma"nly on a44o8nt of losses "n48rre! "n man8fa4t8r"n+>ro4ess an! sales w7"47 was 7a>>ene! ,e4a8se of 4r"s"s "n t7e e4onomy#T7e 4om>any w"ll work 8>on t7e same to +et a reasona,le le9el of +rowt7"n t7e "mm"nent years#

3 I8t*8' C,8t,' S+t* 8. th* .*56+:

Cons"!er"n+ t7e s"Re of t7e 4om>any yo8r 4om>any 7as a!eJ8ate systemof "nternal 4ontrol to >ro9"!e reasona,le ass8ran4e t7at assets aresafe+8ar!e! an! >rote4te! from 8na8t7or"Re! 8se or !e>os"t"on#

4 B68* E8@,8*8t:


20/24


T7e *erforman4e of t7e 4om>any for t7e year 8n!er re9"ew wassat"sfa4tory#

# R 8. C,8*8:

T7e ,8"l!"n+ >lant an! ma47"nery 9e7"4le an! sto4ks of t7e 4om>any area!eJ8ately "ns8re!#

$ C6t,8+ Stt**8t:

Statements "n t7"s re>ort on mana+ement D"s48ss"on an! analys"s may ,eforwar! look"n+ statements w"t7"n t7e mean"n+ of a>>l"4a,le se48r"ty lawsor re+8lat"ons# T7ese statements are ,ase! on 4erta"n ass8m>t"ons an!e@>e4tat"ons of f8t8re e9ents# A4t8al res8lts 4o8l! 7owe9er !"ermater"ally from t7ose e@>resse! or "m>l"e!# Im>ortant fa4tors t7at 4o8l!make a !"erent to t7e Com>anyBs o>erat"ons "n4l8!e +lo,al an! !omest"4!eman! s8>>ly 4on!"t"ons n"s7e! +oo!s >r"4es raw mater"al 4ost an!a9a"la,"l"ty an! 47an+es "n +o9ernment re+8lat"on an! ta@ str84t8ree4onom"4 !e9elo>ment w"t7"n In!"a an! t7e 4o8ntr"es w"t7 w7"47 t7e4om>any 7as ,8s"ness 4onta4ts an! ot7er fa4tors s847 as l"t"+at"on an!"n!8str"al relat"ons# T7e Com>any ass8mes no res>ons","l"t"es "n res>e4t offorwar! look"n+ statements w7"47 may ,e amen!e! or mo!"e! "n f8t8reon t7e ,as"s of s8,seJ8ent !e9elo>ments "nformat"on of e9ent#

BY ORDER OF THE BOARD OFDIRECTORS

P'*= Co"m,atore F,SMS TECHSOFT (INDIA)LIMITEDDt*= 0G?1?'11/ (F,*'+ 8,;8 AL SOFT =

INFOSYS (INDIA) LTD)

Ch8 (M ".h)

(DIN:021122$1)

CERTIFICATION BY MANA?IN? DIRECTOR TO THE BOARD

I Mr# 5# 6a+a!"s7 Mana+"n+ D"re4tor of t7e SMS TECHSOFT (INDIA)

LIMITED [Formerly known as AKL Soft & Infosys (In!a) L!m!te" 4ert"fy

t7at=

0# I 7a9e re9"ewe! t7e nan4"al statements for t7e year an! t7at to t7e

,est of my knowle!+e an! ,el"ef=


21/24


a# T7ese statements !o not 4onta"n any mater"ally 8ntr8e statement

or om"t any mater"al fa4t or 4onta"n statements t7at m"+7t ,e

m"slea!"n+#

,# T7ese statements +"9e a tr8e an! fa"r 9"ew of t7e state of aa"rs

of t7e 4om>any an! of t7e res8lts of o>erat"ons an! 4as7 ows#T7e nan4"al statements 7a9e ,een >re>are! "n 4onform"ty "n all

mater"al res>e4ts w"t7 t7e e@"st"n+ +enerally a44e>te!

a44o8nt"n+ >r"n4">les "n4l8!"n+ A44o8nt"n+ Stan!ar!s a>>l"4a,le

laws an! re+8lat"ons#

'# T7ese are to t7e ,est of o8r knowle!+e an! ,el"ef no transa4t"ons

entere! "nto ,y t7e 4om>any !8r"n+ t7e year w7"47 are fra8!8lent

"lle+al or 9"olat"9e of t7e 4om>anyBs 4o!e of 4on!84t#

I a44e>t o9erall res>ons","l"ty for t7e 4om>anyBs "nternal 4ontrol

system an! nan4"al re>ort"n+# T7"s "s mon"tore! ,y t7e "nternal a8!"tf8n4t"on w7"47 en4om>asses t7e e@am"nat"on an! e9al8at"on of t7e

a!eJ8a4y an! ee4t"9eness# Internal a8!"t works w"t7 all t7e le9els of

mana+ement an! stat8tory a8!"tors an! re>orts s"+n"4ant "ss8es to

t7e A8!"t Comm"ttee of t7e 3oar!# T7e a8!"tors an! a8!"t 4omm"ttee

are a>>r"se! of any 4orre4t"9e a4t"on taken w"t7 re+ar! to s"+n"4ant

!e4"en4"es an! mater"al weakness#

/# I "n!"4ate to t7e a8!"tors an! to t7e a8!"t 4omm"ttee=

a# S"+n"4ant 47an+es "n "nternal 4ontrol o9er nan4"al re>ort"n+!8r"n+ t7e year#

,# S"+n"4ant 47an+es "n a44o8nt"n+ >ol"4"es !8r"n+ t7e year

4# Instan4es of s"+n"4ant fra8! of w7"47 we 7a9e ,e4ome aware of

an! w7"47 "n9ol9e mana+ement or ot7er em>loyees w7o 7a9e

s"+n"4ant role "n t7e 4om>anyBs "nternal 4ontrol system o9er

nan4"al re>ort"n+#

Howe9er !8r"n+ t7e year t7ere were no s847 47an+es or "nstan4es#

Dt*= 0G?1?'10/

P'*= Co"m,atore M " .h

M88 D*t,

(DIN:

021122$1)


22/24


DECLARATION BY THE CHAIRMAN = MANA?IN? DIRECTOR ABOUT

CORPORATE ?O"ERNANCE

I Mr# 5# 6a+a!"s7 C7a"rman Mana+"n+ D"re4tor of SMS TECHSOFT

(INDIA) LIMITED [Formerly known as AKL Soft & Infosys (In!a) L!m!te"

7ere,y 4onrm >8rs8ant to 4la8se /2(0)(!) of t7e l"st"n+ a+reement t7at=

0# T7e ,oar! of !"re4tors of SMS Te47soft (In!"a) L"m"te! [Formerly known

as AKL Soft & Infosys (In!a) L!m!te"7as la"! !own a 4o!e of 4on!84t

7as ,een >la4e! on t7e 4om>anyBs we,s"te#

'# All

t7e mem,ers of t7e ,oar! as well as sen"or mana+ement >ersonal 7a9e

4om>l"e! w"t7 t7e sa"! 4o!e of 4on!84t for t7e year en!e! &0st

Mar47'10/#

P'*=

Co"m,atore

Dt*= 0G?1?'10/ (M " .h)

Ch8 =

M88 D*t,

(DIN: 021122$1)


23/24


24/24


(To ,e s"+ne! at t7e t"me of 7an!"n+ o9er t7sl">)

(NOTE= S7are7ol!er?*ro@y 7ol!er w"s7"n+ to atten! t7e meet"n+ m8st ,r"n+ t7Atten!an4e Sl"> to t7e meet"n+ an! 7an! o9er t7e same at t7e entran4e aftet7e same 7as ,een !8ly s"+ne!)

annual report year ended 2014

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