Informed Technologies India Ltd. — Regulatory Filings 2021

Sep 4, 2021

INFORMED TECHNOLOGIES INDIA LIMITED

CIN L99999MH1958PLC011001

| Regd. Office: ‘Nirmal’, 20[th] Floor, Nariman Point, Mumbai - 400021| | Tel# +91 22 2202 3055/66 | Fax# +91 22 2204 3162 |

| Email: itil_investor@informed-tech.com | Website: www.informed-tech.com |

Date: September 04, 2021

To, Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001.

Dear Sir/Madam,

SCRIP CODE: ‐ 504810

Sub: Annual Report for the Financial Year 2020‐2021

Ref: Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

In compliance with Regulation 34 (1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed please find the Annual Report of the Company for the Financial Year 2020‐2021.

Kindly take the same on your records.

Yours faithfully, For M/s. Informed Technologies India Limited

REENA S Digitally signed by REENA S YADAV YADAV Date: 2021.09.04 22:15:10 +05'30'

Reena Yadav Company Secretary & Compliance Officer Membership No. A36429

INFORMED TECHNOLOGIES INDIA LIMITED

63[rd]

==> picture [79 x 33] intentionally omitted <==

2020-2021

Informed Technologies India Limited

Annual Report 2020-2021

BOARD OF DIRECTORS

Mr. Gautam Khandelwal DIN 00270717 Non-Executive Chairman Mrs. Suelve Khandelwal DIN 00270811 Executive Director Mr. Nimis Sheth DIN 00482739 Independent Director Mr. Virat Mehta DIN 07910116 Independent Director

CHIEF FINANCIAL OFFICER

Mrs. Roshan D’Souza

COMPANY SECRETARY AND COMPLIANCE OFFICER

Ms. Reena Yadav (ICSI Membership No. A36429)

STATUTORY AUDITORS

M/s. Parekh Sharma And Associates Chartered Accountants, Mumbai

BANKERS

Bank of Baroda

The Hongkong and Shanghai Banking Corporation Ltd ICICI Bank Ltd

LISTED AT

Bombay Stock Exchange Limited ISIN: INE123E01014

REGISTERED OFFICE

Nirmal, 20[th] Floor, Nariman Point, Mumbai - 400021 Tel No. : 022-22023055/66 Email id: itil_investor@informed-tech.com Website: www.informed-tech.com CIN: L99999MH1958PLC011001

SOFTWARE DEVELOPMENT CENTRE

Millennium Business Park, 302, 303, Bldg. No. 4, Sector No. 3, TTC. MIDC, Mahape, Navi Mumbai - 400710, Maharashtra, India

**Contents.......................................................... **	Page No.
Company Information ........................................	1
Notice ................................................................	2
Directors’ Report, Management Discussion
& Analysis Report .............................................	17
Secretarial Auditor Report – Annexure I ..........	26
Auditors’ Report ................................................	29
Balance Sheet ..................................................	36
Proft & Loss Statement ....................................	37
Cash Flow Statement .......................................	38
Notes on Financial Statements ........................	40
Consolidated Statements .................................	67
Form AOC-1 ......................................................	105

REGISTRAR & SHARE TRANSFER AGENTS

Link Intime India Private Limited

C 101, 247 Park, L B S Marg, Vikhroli West, Mumbai 400 083 Tel No: +91 22 49186000 Fax: +91 22 49186060 Email Id: rnt.helpdesk@linkintime.co.in

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Informed Technologies India Limited

Annual Report 2020-2021

NOTICE

NOTICE is hereby given that the Sixty Third Annual General Meeting of the Members of Informed Technologies India Limited will be held on Tuesday, September 28, 2021 at 2:00 PM through Video Conferencing (VC) / Other Audio Visual Means (OAVM) to transact the following business:

ORDINARY BUSINESS:

1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2021 together with the Directors’ Report and Auditors Report thereon; and the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2021 together with the Auditors Report thereon.

2. To appoint a Director in place of Mr. Gautam Khandelwal (DIN 00270717), who retires by rotation and, being eligible, offers himself for re-appointment.

SPECIAL BUSINESS:

3. RE-APPOINTMENT OF MRS. SUELVE GAUTAM KHANDELWAL (DIN: 00270811) AS AN EXECUTIVE DIRECTOR OF THE COMPANY FOR THE PERIOD APRIL 01, 2021 TO OCTOBER 01, 2021

To consider and, if thought fit, to pass the following resolution as a Special Resolution :

“RESOLVED THAT in accordance with the provisions of Sections 196, 197, 198, 188 and 203 read with Schedule V and all other applicable provisions of the Companies Act and the rules made thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force), approval of the Members of the Company be and is hereby accorded to the re-appointment of Mrs. Suelve Gautam Khandelwal (DIN: 00270811) as a Whole Time Director of the Company designated as “Executive Director”, whose office will be liable to determination by retirement by rotation, for a period from April 01, 2021 to October 01, 2021, on the terms and conditions of re-appointment including remuneration as set out in the Statement annexed to the Notice convening this Meeting, with liberty to the Board of Directors (hereinafter referred to as “the Board” which term shall be deemed to include the Nomination and Remuneration Committee of the Board) to alter and vary the terms and conditions of the said re-appointment and / or remuneration as it may deem fit and as may be acceptable to Mrs. Suelve Gautam Khandelwal (DIN: 00270811), subject to the same not exceeding the limits specified under Schedule V to the Companies Act, 2013 or any statutory modification(s) or re-enactment thereof.”

“RESOLVED FURTHER THAT in the event of loss or inadequacy of profits in any financial year during the currency of tenure of the re-appointment, the Executive Director shall be paid salary, perquisites and other allowances as set out in the Statement, as the minimum remuneration, subject to ceiling as specified in Schedule V of the Companies Act, 2013 from time to time, in accordance with the provisions of the Companies Act, 2013.”

“RESOLVED FURTHER THAT the Board be and is hereby authorized to do all acts and take all such steps as may be necessary, proper or expedient to give effect to this resolution.”

1. APPROVAL FOR RELATED PARTY TRANSACTIONS UNDER SECTION 188 OF THE COMPANIES ACT, 2013

To consider and, if thought fit to pass the following resolution as an Ordinary Resolution:

“RESOLVED THAT pursuant to Section 188 and other applicable provisions of the Companies Act, 2013 read with the Companies (Meeting of Board and its Power) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force), and applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (including any amendment(s), modification(s) or re-enactment(s) thereof), consent of the members of the Company be and is hereby accorded for the transactions hitherto entered or to be entered into by the Company in the ordinary course of business and at arm’s length price with the following related parties upto the maximum amount as mentioned herein below for the financial year 2021-2022 and for every financial year thereafter on such terms and condition as may be mutually agreed between the company and the related parties:

Sr. No.	Name of the related party	Relationship with the related party	Transactions defne under section 188 of the companies Act, 2013	Maximum Value of the Transaction(s) per annum (Rs. In Cr)
1.	Mr. Arnold Allen	Foreign Holding Company’s Secretary	Availing of Services	0.10
2.	Nagpur Power And Industries Limited	Same Promoter Group Company	Re-imbursements of Expenses to/fromgroupcompany	2.00
3.	The Motwane Mfg. Co. Pvt. Ltd	Subsidiary of Group Company	Re-imbursements of Expenses to/fromgroupcompany	2.00
4.	The Motwane Mfg. Co. Pvt. Ltd	Subsidiaryof GroupCompany	Availing& Providingof Services	2.00
5.	Mrs. Rupmala Agarwal	Relative of MD of GroupCompany	Availingof Services	0.10

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Informed Technologies India Limited

Annual Report 2020-2021

“RESOLVED FURTHER THAT the Board of Directors of the company be and are hereby authorized to do all acts, deeds, matters and things as may be considered necessary, proper or desirable to give effect to this resolution.”

APPOINTMENT OF SIA GAUTAM KHANDELWAL AS AN EXECUTIVE DIRECTOR OF THE COMPANY WITH EFFECT FROM AUGUST 16, 2021

The following two resolutions are for the appointment of Ms. Sia Gautam Khandelwal as an Executive Director of the Company and payment of Remuneration to her.

5. APPOINTMENT OF MS. SIA GAUTAM KHANDELWAL (DIN 09281195) AS DIRECTOR OF THE COMPANY

To consider and, if thought fit to pass the following resolution as an Ordinary Resolution :

“RESOLVED THAT Ms. Sia Gautam Khandelwal (DIN 09281195), who was appointed by the Board of Directors as an Additional Director of the Company with effect from August 16, 2021 and who holds office upto the date of this Annual General Meeting of the Company in terms of Section 161 of the Companies Act, 2013 and in respect of whom the Company has received a notice in writing from a Member under Section 160 of the Companies Act, 2013 along with requisite deposit, proposing her candidature for the office of Director of the Company, be and is hereby appointed as a Director of the company.”

6. APPOINTMENT OF MS. SIA GAUTAM KHANDELWAL (DIN 09281195) AS AN EXECUTIVE DIRECTOR OF THE COMPANY

To consider and, if thought fit to pass the following resolution as a Special Resolution :

“RESOLVED THAT in accordance with the provisions of Sections 196, 197, 198, 188 and 203 read with Schedule V and all other applicable provisions of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force), and applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (including any amendment(s), modification(s) or re-enactment(s) thereof), approval of the Members of the Company be and is hereby accorded to the appointment of Ms. Sia Gautam Khandelwal (DIN 09281195) as Whole Time Director of the Company designated as “Executive Director” for a period of 3 (three) years with effect from August 16, 2021 on the terms and conditions of appointment including remuneration as set out in the Statement annexed to the Notice convening this Meeting, with liberty to the Board of Directors (hereinafter referred to as “the Board” which term shall be deemed to include the Nomination and Remuneration Committee of the Board) to alter and vary the terms and conditions of the said appointment and / or remuneration as it may deem fit and as may be acceptable to Ms. Sia Gautam Khandelwal (DIN 09281195), subject to the same not exceeding the limits specified under Schedule V to the Companies Act, 2013 or any statutory modification(s) or re-enactment thereof.”

“RESOLVED FURTHER THAT the Board be and is hereby authorized to do all acts and take all such steps as may be necessary, proper or expedient to give effect to this resolution.”

7. SALE OF INVESTMENTS MADE BY THE COMPANY IN THE EQUITY SHARES OF ENTECRES LABS PRIVATE LIMITED

To consider and, if thought fit to pass the following resolution as a Special Resolution :

“RESOLVED THAT in terms of Section 180, 188 of the Companies Act, 2013 and all other applicable provisions of the Companies Act, 2013 and Rules made thereunder (including any statutory modification(s) or re-enactment(s) thereof for the time being in force), and applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (including any amendment(s), modification(s) or re-enactment(s) thereof), and subject to such other approvals, consent, permission and sanctions of any authority as may be necessary, consent of the Members of the Company be and is hereby accorded to the Board to directly or indirectly divest its entire stake in Entecres Labs Private Limited comprising of 4,680 ( Four Thousand Six Hundred and Eighty) equity shares having face value of Rs. 10/- (Rupees Ten only) each (“Entecres Shares”) either in whole or in part or in one or more tranches for a consideration of not less than Rs. 4792.00 (Rupees Four Thousand Seven Hundred Ninety Two Only) per equity share to (“Promoter Entity”), pursuant to the offer made by the promoter entity on August 13, 2021.

RESOLVED FURTHER THAT for the purpose of giving effect to the above resolution, the Board of Directors of the Company be and is hereby authorized to take such actions, seek such approvals, and to give all such directions as may be necessary or desirable and also to settle any question or difficulty that may arise in regards to the proposed sale and further to do all such acts, deeds, matters and things and to execute all such deeds, documents and writings as may be necessary, desirable or expedient in connection therewith and to delegate power from time to time, to any Committee of the Board or individuals as it may deem fit for the purpose of giving effect to the above resolution.”

8. SHIFTING OF REGISTERED OFFICE OF THE COMPANY

To consider and, if thought fit to pass the following resolution as a Special Resolution :

“RESOLVED THAT pursuant to the provisions of Section 12 and other applicable provisions, if any, of the Companies

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Informed Technologies India Limited

Annual Report 2020-2021

Act, 2013 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force), and applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (including any amendment(s), modification(s) or re-enactment(s) thereof), consent of the members be and is hereby accorded for shifting the Registered Office of the Company from 20, Nirmal, Nariman Point, Mumbai 400 021, Maharashtra’ to ‘Unit No. 302/303, Millennium Business Park, Bldg. No. 4, Sector No. 3, TTC. MIDC, Mahape, Navi Mumbai – 400710, Maharashtra’.

“RESOLVED FURTHER THAT the Board of Directors of the Company (which term shall be deemed to include any Committee of the Board which may have been constituted or hereinafter constituted to exercise the powers conferred on the Board by this resolution) be and is hereby authorized to take such steps as may be necessary and generally to do all acts, deeds and things as may be necessary, proper, expedient or incidental for the purpose of giving effect to the aforesaid resolution.

For and on behalf of the Board

Place: Mumbai Date: August 13, 2021 Gautam Khandelwal Chairman Registered Office: “Nirmal”, 20[th] Floor, Nariman Point, Mumbai 400021 DIN 00270717 CIN: L99999MH1958PLC011001 | Website: www.informed-tech.com|

NOTES

1. Pursuant to the General Circular numbers 20/2020, 14/2020, 17/2020 and 02/2021 issued by the Ministry of Corporate Affairs (MCA) and Circular number SEBI/HO/CFD/CMD1/CIR/P/2020/79 and SEBI/HO/CFD/CMD2/CIR/P/2021/11 issued by the Securities and Exchange Board of India (SEBI) (hereinafter collectively referred to as “the Circulars”), companies are allowed to hold AGM through VC/OAVM, without the physical presence of members at a common venue. Hence, in compliance with the Circulars, the AGM of the Company is being held through VC/OAVM. The deemed venue for the 63[rd] AGM will be the registered office of the company i.e 20[th] Floor, Nirmal Building, Nariman Point, Mumbai 400021.

2. An Explanatory Statement pursuant to Section 102 (1) of the Companies Act, 2013, in respect of special business to be transacted at the Annual General Meeting (AGM), as set out under Item No. 3 to 8 and the relevant details of the Directors seeking appointment and re-appointment under Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Secretarial Standards – 2 on General Meetings issued by the Institute of Company Secretaries of India is annexed thereto.

3. M/s. Parekh Sharma and Associates, Chartered Accountants, were appointed as Statutory Auditors of the Company at the 59[th] Annual General Meeting held on September 28, 2017. Pursuant to Notification issued by the Ministry of Corporate

Affairs on 7[th] May, 2018 amending section 139 of the Companies Act, 2013 and the Rules framed thereunder, the mandatory requirement for ratification of appointment of Auditors by the Members at every Annual General Meeting (“AGM”) has been omitted, hence the Company is not proposing an item on ratification of appointment of Auditor at this AGM.

1. Pursuant to the provisions of the Act, a Member entitled to attend and vote at the AGM is entitled to appoint a proxy to attend and vote on his/her behalf and the proxy need not be a Member of the Company. Since this AGM is being held pursuant to the MCA Circulars through VC/OAVM, physical attendance of Members has been dispensed with. Accordingly, the facility for appointment of proxies by the Members will not be available for the AGM and hence the Proxy Form, Attendance Slip and the Route Map for the venue of AGM are not annexed to this Notice.

2. Participation of members through VC will be reckoned for the purpose of quorum for the AGM as per section 103 of the Companies Act, 2013 (“the Act”).

3. Institutional / Corporate Members are requested to send a scanned copy (PDF / JPEG format) of the Board Resolution authorizing its representatives to attend and vote at the AGM, pursuant to Section 113 of the Act, at itil_investor@informed-tech.com.

4. The Register of Members and Share Transfer Books of the Company will remain closed from Wednesday, September 22, 2021 to Tuesday, September 28, 2021 (both days inclusive).

5. In terms of Section 123 of the Companies Act, 2013 the amount of dividend remaining unclaimed or unpaid for a period of seven consecutive years from the date of transfer to the unpaid dividend account is required to be transferred to the Investor Education and Protection Fund (IEPF). Accordingly, in the year 2020-21 the Company has transferred unpaid dividend for the financial year ended March 31, 2013 to IEPF. Further, in the year 2021-22, the Company would be transferring the unclaimed or unpaid final dividend for the year ended March 31, 2014 to IEPF. Thus, shareholders are requested to claim the dividend on or before October 11, 2021. No claim shall lie from a Member once the transfer is made to the said Fund. The Members who have not encashed their dividend warrants are requested to encash the same before the said transfer in their own interest.

6. As per the provisions of Investor Education and Protection Fund (Uploading of Information regarding Unpaid and Unclaimed amounts lying with Companies) Rules, 2012, the Company has placed on its website (www.informed-tech.com), the information on dividend which remains unclaimed with the Company as on Wednesday, September 30, 2020 i.e. date of the previous AGM. The information is also available on the website of the Ministry of Corporate Affairs (www.mca.gov.in ).

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Annual Report 2020-2021

Informed Technologies India Limited

1. Further, pursuant to the provisions of section 124 of the Companies Act, 2013 read with IEPF Rules, all shares on which dividend has not been paid or claimed for seven consecutive years or more shall be transferred to IEPF Authority as notified by the Ministry of Corporate Affairs. In accordance with the aforesaid IEPF Rules, the Company has sent notice to all the Shareholders whose shares are due for transfer to the IEPF Authority and has also published notice in newspapers. Further, the said details of shareholders are also uploaded on website of the Company and can be accessed at http://informed-tech. com/investors/unclaimed-dividend/. Further, the shareholders whose dividend/shares are/will be transferred to the IEPF Authority can claim the same from the IEPF Authority by following the procedure as detailed on the website of IEPF Authority (http://www.iepf.gov.in/IEPF/refund.html).

2. The Company’s equity shares are listed at Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 and the Company has paid the Annual Listing Fees to the Bombay Stock Exchange for the Financial Year 2021-22.

3. In terms of Section 72 of the Companies Act, 2013, and Rule 19 of the Companies (Share Capital and Debentures) Rules, 2014, every share holder of the Company may, at any time, nominate, in the prescribed manner, a person to whom his/her shares in the Company shall vest in the event of his/her death. Members, who wish to avail this facility, may fill the prescribed Form No. SH-13 (which will be made available on request) and submit these details to their DP in case the shares are held by them in electronic form, and to the Registrar and Transfer Agent, M/s. Link Intime India Private Limited, in case the shares are held in physical form.

4. Members seeking any information with regards to the Accounts are requested to write to the Company at an early date, so as to enable the Management to keep the information ready at the meeting.

5. Members who would like to express their views or ask questions during the AGM may register themselves as a speaker by sending their request/ questions to the company via email (itil_investor@informed-tech.com) in advance from their registered email address mentioning their name, DP ID and Client ID/folio number, PAN, mobile numbers (7) seven days prior to the AGM. Those Members who have registered themselves as a speaker will only be allowed to express their views/ ask questions during the AGM on first in- fi rst out basis. The Company reserves the right to restrict the number of speakers depending on the availability of time for the AGM.

6. The Directors’ Report, Auditors Report and Audited Financial Statements (Standalone and Consolidated) as at March 31, 2021 are enclosed.

7. Inspection of Documents – Register of Directors and Key Managerial Personnel and their shareholdings and Register of Contracts or Arrangements, in which Directors are interested, maintained under Sections 170 and 189 of the Act, 2013 will be available electronically for inspection by the Members during the AGM.

8. In compliance with the aforesaid MCA Circulars and SEBI Circular dated May 12, 2020, Notice of the AGM along with the Annual Report 2020-21 is being sent only through electronic mode to those Members whose email addresses are registered with the Company/Depositories. Members may note that the Notice and Annual Report 2020-21 will also be available on the Company’s website www.informed-tech.com and website of the Bombay Stock Exchange at www.bseindia.com.

9. Members holding shares in physical mode and who have not updated their email addresses with the Company are requested to update their email addresses by writing to the Company at itil_investor@informed-tech.com along with the copy of the signed request letter mentioning the name and address of the Member, self-attested copy of the PAN card, and selfattested copy of any document (eg.: Driving License, Election Identity Card, Passport etc.) in support of the address of the Member. Members holding shares in dematerialized mode are requested to register / update their email addresses with the relevant Depository Participants. In case of any queries difficulties in registering the e-mail address, Members may write to itil_investor@informed-tech.com.

10. The members are requested to intimate any change in their address with PIN Code, immediately and quote Folio Number in all correspondence.

11. The Name of the Company has been changed from Khandelwal Ferro Alloys Limited to KFA Corporation Limited and later from KFA Corporation Limited to Informed Technologies India Limited w.e.f. August 06, 2001.

12. THOSE MEMBERS WHO HAVE NOT SURRENDERED THEIR OLD CERTIFICATES FOR EXCHANGE TO OBTAIN THEIR NEW SHARE CERTIFICATES OR AFFIXATION OF STICKER/STAMP ARE REQUESTED TO SURRENDER THE SAME AT THE REGISTERED OFFICE ADDRESS OF THE COMPANY/RTA AT MUMBAI.

13. SEBI has vide its Notifications dated June 08, 2018 and November 30, 2018 mandated that securities of listed companies can be transferred only in dematerialized form from April 01, 2019. In view of the above and to avail various benefits of dematerialization, Members are advised to dematerialize the shares held by them in physical form.

14. The Securities and Exchange Board of India (SEBI) has made it mandatory for all companies to use the bank account details furnished by the Depositories and the bank account details maintained by the Registrar and Transfer Agents for payment of dividend to Members electronically. As directed by SEBI, the Members holding shares in physical form are requested to submit particulars of their bank account alongwith the original cancelled cheque bearing the name of the Member to Link Intime/Company to update their Bank Account details.

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Informed Technologies India Limited

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1. The Securities and Exchange Board of India (SEBI) has mandated the submission of the Permanent Account Number (PAN) by every participant in the securities market. Members holding shares in electronic form are, therefore, requested to submit their PAN to their Depository Participant(s). Members holding shares in physical form are required to submit their PAN details to the M/s. Link Intime India Private Limited, Registrar and Share Transfer Agents, C 101, 247 Park, L B S Marg, Vikhroli West, Mumbai 400 083, Maharashtra.

2. To support the ‘Green Initiative’, the Members who have not registered their e-mail addresses are requested to register the same with M/s. Link Intime India Private Limited /Depositories or send a request to the Company for the same.

3. Process and manner for members opting for Remote e-voting are as under:

In terms of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, the Company has engaged the services of CDSL to provide the facility of electronic voting (‘e-voting’) in respect of the Resolutions proposed at this AGM.

• A. The instructions for Shareholders voting electronically are as under:-

• (i) The remote e-voting period begins on Saturday, September 25, 2021 (9:00 AM) and ends on Monday, September 27, 2021 (5:00 PM). During this period shareholders of the Company, holding shares either in physical form or in dematerialized form, as on the cut-off date of Tuesday, September 21, 2021, may cast their vote electronically. The remote e-voting module shall be disabled by CDSL for voting thereafter.

• (ii) Shareholders who have already voted prior to the meeting date would not be entitled to vote at the meeting.

• (iii) Pursuant to SEBI Circular No. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated 09.12.2020, under Regulation 44 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, listed entities are required to provide remote e-voting facility to its shareholders, in respect of all shareholders’ resolutions. However, it has been observed that the participation by the public non-institutional shareholders/retail shareholders is at a negligible level.

Currently, there are multiple e-voting service providers (ESPs) providing e-voting facility to listed entities in India. This necessitates registration on various ESPs and maintenance of multiple user IDs and passwords by the shareholders.

In order to increase the efficiency of the voting process, pursuant to a public consultation, it has been decided to enable e-voting to all the demat account holders , by way of a single login credential, through their demat accounts/ websites of Depositories/ Depository Participants . Demat account holders would be able to cast their vote without having to register again with the ESPs, thereby, not only facilitating seamless authentication but also enhancing ease and convenience of participating in e-voting process.

• (iv) In terms of SEBI circular no. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated December 09, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are advised to update their mobile number and email Id in their demat accounts in order to access e-Voting facility.

Pursuant to above said SEBI Circular , Login method for e-Voting and joining virtual meetings for Individual shareholders holding securities in Demat mode is given below:

shareholders holding sec	urities in Demat modeis given below:
Type of shareholders	Login Method
Individual Shareholders holding securities in Demat mode with CDSL	1) Users who have opted for CDSL Easi / Easiest facility, can login through their existing user id and password. Option will be made available to reach e-Voting page without any further authentication. The URL for users to login to Easi / Easiest arehttps:// web.cdslindia.com/myeasi/home/loginor visitwww.cdslindia.comand click on Login icon and select New System Myeasi. 2) After successful login the Easi / Easiest user will be able to see the e-Voting option for eligible companies where the evoting is in progress as per the information provided by company. On clicking the evoting option, the user will be able to see e-Voting page of the e-Voting service provider for casting your vote during the remote e-Voting period or joining virtual meeting & voting during the meeting. Additionally, there is also links provided to access the system of all e-Voting Service Providers i.e. CDSL/NSDL/KARVY/LINKINTIME, so that the user can visit the e-Voting service providers’ website directly. 3) If the user is not registered for Easi/Easiest, option to register is available athttps:// web.cdslindia.com/myeasi/Registration/EasiRegistration 4) Alternatively, the user can directly access e-Voting page by providing Demat Account Number and PAN No. from a e-Voting link available onwww.cdslindia.comhome page. The system will authenticate the user by sending OTP on registered Mobile & Email as recorded in the Demat Account. After successful authentication, user will be able to see the e-Voting option where the evoting is in progress and also able to directlyaccess the system of all e-VotingService Providers.

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Informed Technologies India Limited

Annual Report 2020-2021

	2020-2021
Type of shareholders	Login Method
Individual Shareholders holding securities in demat mode with NSDL	1) If you are already registered for NSDL IDeAS facility, please visit the e-Services website of NSDL. Open web browser by typing the following URL:https://eservices.nsdl.comeither on a Personal Computer or on a mobile. Once the home page of e-Services is launched, click on the “Benefcial Owner” icon under “Login” which is available under ‘IDeAS’ section. A new screen will open. You will have to enter your User ID and Password. After successful authentication, you will be able to see e-Voting services. Click on “Access to e-Voting” under e-Voting services and you will be able to see e-Voting page. Click on company name or e-Voting service provider name and you will be re-directed to e-Voting service provider website for casting your vote during the remote e-Voting period or joining virtual meeting & voting during the meeting. 2) If the user is not registered for IDeAS e-Services, option to register is available athttps://eservices.nsdl.com.Select “Register Online for IDeAS “Portal or click at https://eservices.nsdl.com/SecureWeb/IdeasDirectReg.jsp 3) Visit the e-Voting website of NSDL. Open web browser by typing the following URL: https://www.evoting.nsdl.com/either on a Personal Computer or on a mobile. Once the home page of e-Voting system is launched, click on the icon “Login” which is available under ‘Shareholder/Member’ section. A new screen will open. You will have to enter your User ID (i.e. your sixteen digit demat account number hold with NSDL), Password/OTP and a Verifcation Code as shown on the screen. After successful authentication, you will be redirected to NSDL Depository site wherein you can see e-Voting page. Click on company name or e-Voting service provider name and you will be redirected to e-Voting service provider website for casting your vote during the remote e-Voting period orjoiningvirtual meeting& votingduringthe meeting
Individual Shareholders (holding securities in demat mode) login through their Depository Participants	You can also login using the login credentials of your demat account through your Depository Participant registered with NSDL/CDSL for e-Voting facility. After Successful login, you will be able to see e-Voting option. Once you click on e-Voting option, you will be redirected to NSDL/CDSL Depository site after successful authentication, wherein you can see e-Voting feature. Click on company name or e-Voting service provider name and you will be redirected to e-Voting service provider website for casting your vote during the remote e-Voting period orjoiningvirtual meeting& votingduringthe meeting.

Important note: Members who are unable to retrieve User ID/ Password are advised to use Forget User ID and Forget Password option available at above mentioned website.

Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository i.e. CDSL and NSDL

Depository i.e. CDSL and NSDL
Login type	Helpdesk details
Individual Shareholders holding securities in Demat mode with CDSL	Members facing any technical issue in login can contact CDSL helpdesk by sending a request athelpdesk.evoting@cdslindia.comor contact at 022- 23058738 and 22-23058542-43.
Individual Shareholders holding securities in Demat mode with NSDL	Members facing any technical issue in login can contact NSDL helpdesk by sending a request at evoting@nsdl.co.in or call at toll free no.: 1800 1020 990 and 1800 22 44 30

• (v) Login method for e-Voting and joining virtual meeting for shareholders other than individual shareholders holding in Demat form & physical shareholders.

The shareholders should log on to the e-voting website www.evotingindia.com.

• 1) Click on “Shareholders” module.

• 2) Now enter your User ID

• a. For CDSL: 16 digits beneficiary ID,

• b. For NSDL: 8 Character DP ID followed by 8 Digits Client ID,

• c. Shareholders holding shares in Physical Form should enter Folio Number registered with the Company.

• 3) Next enter the Image Verification as displayed and Click on Login.

• If you are holding shares in demat form and had logged on to www.evotingindia.com and voted on an earlier e-voting of any company, then your existing password is to be used.

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• 4) If you are a first-time user follow the steps given below:

==> picture [449 x 133] intentionally omitted <==

----- Start of picture text -----

For Shareholders holding shares in Demat Form other than individual and Physical Form
PAN Enter your 10 digit alpha-numeric PAN issued by Income Tax Department (Applicable for both
demat shareholders as well as physical shareholders)
• Shareholders who have not updated their PAN with the Company/Depository Participant
are requested to use the sequence number sent by Company/RTA or contact Company/
RTA.
Dividend Bank Enter the Dividend Bank Details or Date of Birth (in dd/mm/yyyy format) as recorded in your
Details OR demat account or in the company records in order to login.
Date of Birth
• If both the details are not recorded with the depository or company, please enter the
(DOB)
member id / folio number in the Dividend Bank details field as mentioned in instruction (v).
----- End of picture text -----*

• (vi) After entering these details appropriately, click on “SUBMIT” tab.

• (vii) Shareholders holding shares in physical form will then directly reach the Company selection screen. However, shareholders holding shares in demat form will now reach ‘Password Creation’ menu wherein they are required to mandatorily enter their login password in the new password field. Kindly note that this password is to be also used by the demat holders for voting for resolutions of any other company on which they are eligible to vote, provided that company opts for e-voting through CDSL platform. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential.

• (viii) For shareholders holding shares in physical form, the details can be used only for e-voting on the resolutions contained in this Notice.

• (ix) Click on the EVSN for the relevant on which you choose to vote.

• (x) On the voting page, you will see “RESOLUTION DESCRIPTION” and against the same the option “YES/NO” for voting. Select the option YES or NO as desired. The option YES implies that you assent to the Resolution and option NO implies that you dissent to the Resolution.

• (xi) Click on the “RESOLUTIONS FILE LINK” if you wish to view the entire Resolution details.

• (xii) After selecting the resolution, you have decided to vote on, click on “SUBMIT”. A confirmation box will be displayed. If you wish to confirm your vote, click on “OK”, else to change your vote, click on “CANCEL” and accordingly modify your vote.

• (xiii) Once you “CONFIRM” your vote on the resolution, you will not be allowed to modify your vote.

• (xiv) You can also take a print of the votes cast by clicking on “Click here to print” option on the Voting page.

• (xv) If a demat account holder has forgotten the login password then Enter the User ID and the image verification code and click on Forgot Password & enter the details as prompted by the system.

(xvi) Facility for Non – Individual Shareholders and Custodians –Remote Voting

Non-Individual shareholders (i.e. other than Individuals, HUF, NRI etc.) and Custodians are required to log on to www. evotingindia.com and register themselves in the “Corporates” module.

• A scanned copy of the Registration Form bearing the stamp and sign of the entity should be emailed to helpdesk. evoting@cdslindia.com.

After receiving the login details a Compliance User should be created using the admin login and password. The Compliance User would be able to link the account(s) for which they wish to vote on.

The list of accounts linked in the login should be mailed to helpdesk.evoting@cdslindia.com and on approval of the accounts they would be able to cast their vote.

A scanned copy of the Board Resolution and Power of Attorney (POA) which they have issued in favour of the Custodian, if any, should be uploaded in PDF format in the system for the scrutinizer to verify the same.

• Alternatively Non Individual shareholders are required to send the relevant Board Resolution/ Authority letter etc. together with attested specimen signature of the duly authorized signatory who are authorized to vote, to the Scrutinizer and to the Company at the email address viz; itil_investor@informed-tech.com, if they have voted from individual tab & not uploaded same in the CDSL e-voting system for the scrutinizer to verify the same.

B. INSTRUCTIONS FOR SHAREHOLDERS ATTENDING THE AGM THROUGH VC/OAVM & E-VOTING DURING MEETING ARE AS UNDER:

1. The procedure for attending meeting & e-Voting on the day of the AGM is same as the instructions mentioned above for Remote e-voting.

2. The link for VC/OAVM to attend meeting will be available where the EVSN of Company will be displayed after successful

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login as per the instructions mentioned above for Remote e-voting.

1. Shareholders who have voted through Remote e-Voting will be eligible to attend the meeting. However, they will not be eligible to vote at the AGM.

2. Shareholders are encouraged to join the Meeting through Laptops / IPads for better experience.

3. Further shareholders will be required to allow Camera and use Internet with a good speed to avoid any disturbance during the meeting.

4. Please note that Participants Connecting from Mobile Devices or Tablets or through Laptop connecting via Mobile Hotspot may experience Audio/Video loss due to Fluctuation in their respective network. It is therefore recommended to use Stable Wi-Fi or LAN Connection to mitigate any kind of aforesaid glitches.

5. Shareholders who would like to express their views/ask questions during the meeting may register themselves as a speaker by sending their request in advance atleast 7 days prior to meeting mentioning their name, demat account number/folio number, email id, mobile number at itil_investor@informed-tech.com. The shareholders who do not wish to speak during the AGM but have queries may send their queries in advance 7 days prior to meeting mentioning their name, demat account number/folio number, email id, mobile number at itil_investor@informed-tech.com. These queries will be replied to by the company suitably by email.

6. Those shareholders who have registered themselves as a speaker will only be allowed to express their views/ask questions during the meeting.

7. Only those shareholders, who are present in the AGM through VC/OAVM facility and have not casted their vote on the Resolutions through remote e-Voting and are otherwise not barred from doing so, shall be eligible to vote through e-Voting system available during the AGM.

8. If any Votes are cast by the shareholders through the e-voting available during the AGM and if the same shareholders have not participated in the meeting through VC/OAVM facility, then the votes cast by such shareholders shall be considered invalid as the facility of e-voting during the meeting is available only to the shareholders attending the meeting.

C. PROCESS FOR THOSE SHAREHOLDERS WHOSE EMAIL/MOBILE NO. ARE NOT REGISTERED WITH THE

COMPANY/DEPOSITORIES.

1. For Physical shareholders – please provide necessary details like Folio No., Name of shareholder, scanned copy of the share certificate (front and back), PAN (self attested scanned copy of PAN card), AADHAR (self attested scanned copy of Aadhar Card) by email to Company/RTA email id .

2. For Demat shareholders – Please update your email id & mobile no. with your respective Depository Participant (DP)

3. For Individual Demat shareholders – Please update your email id & mobile no. with your respective Depository Participant (DP) which is mandatory while e-Voting & joining virtual meetings through Depository.

4. If you have any queries or issues regarding attending AGM & e-Voting from the CDSL e-Voting System, you can write an email to helpdesk.evoting@cdslindia.com or contact at 022- 23058738 and 022-23058542/43.

All grievances connected with the facility for voting by electronic means may be addressed to Mr. Rakesh Dalvi, Sr. Manager, (CDSL, ) Central Depository Services (India) Limited, A Wing, 25[th] Floor, Marathon Futurex, Mafatlal Mill Compounds, N M Joshi Marg, Lower Parel (East), Mumbai - 400013 or send an email to helpdesk.evoting@cdslindia. com or call on 022-23058542/43.

• D. The voting rights of the members shall be in proportion to their shares of the paid up equity share capital of the Company as on the cut-off date of Tuesday, September 21, 2021.

• E. Mr. Sanam Umbargikar, Partner of M/s. DSM and Associates, Practicing Company Secretary (Membership No. 26141, COP No. 9394), has been appointed as the scrutinizer to scrutinize the e-voting and voting at the AGM through VC/ OAVM facility in a fair and transparent manner.

• F. The scrutinizer after scrutinizing the votes cast at the meeting held through VC/OAVM facility and through remote e-voting will, not later than 2 working days of conclusion of the meeting make a consolidated Scrutinizer’s Report and submit the same to the Chairman or any other person authorized by him in writing, who shall countersign the same.

• G. The declared Results, along with the Scrutinizer’s Report, will be available on the Company’s corporate website www. informed-tech.com under the section ‘Investor’ and on the website of CDSL; such Results will also be forwarded to the Bombay Stock Exchange where the Company’s shares are listed.

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Details of the Directors seeking appointment / re-appointment in the forthcoming Annual General Meeting

Name Of Director	Mr. Gautam Khandelwal	Ms. Sia Khandelwal	Mrs. Suelve Khandelwal
DIN NO.	00270717	09281195	00270811
Date of Birth(Age)	01.04.1962(59 Years)	18.08.1995(26 Years)	02.06.1964(57 Years)
Nationality	Indian	Indian	Indian
Date of Appointment	09.03.1988	16.08.2021	01.04.2015
Qualifcations	He holds a BA (Economics) from the University of Mumbai and studied Economics for One Year from London School of Economics.	She Graduated in 2017 from Barnard College of Columbia University with a BA in Urban Studies and Economics.	She holds a Graduate degree from University of Delhi.
Expertise in specifc functional areas	He is having about 31 years of business experience across various industries.	She will be responsible for business diversifcation, organizational development andgrowth of the Company.	Business
Directorships held in other companies	1. Nagpur Power And Industries Limited 2. The Motwane Mfg. Co. Pvt. Ltd. 3. Varroc Polymers Pvt. Ltd. 4. Varroc Engineering Ltd. 5. Gras Education & Training Services Pvt. Ltd. 6. Zeppelin Investments Pvt. Ltd. 7. Entecres Labs Private Limited 8. Khandelwals Limited (UK Co.) 9. Durovalves India Private Limited 10. Testdata Technologies Private Limited 11. Telemetrics Equipments Private Limited	Nil	1. Zeppelin Investments Pvt. Ltd. 2. Khandelwals Limited (UK Co.) 3. TestData Technologies Private Limited 4. TypeOut Media Private Limited
Committee position held in other companies	AUDIT COMMITTEE Nagpur Power And Industries Limited Varroc Engineering Limited Durovalves India Private Limited Varroc Polymers Private Limited STAKE HOLDER RELATIONSHIP COMMITTEE Nagpur Power And Industries Limited Varroc Engineering Limited NOMINATION AND REMUNERATION COMMITTEE Nagpur Power And Industries Limited Varroc Engineering Limited Durovalves India Pvt. Ltd. CSR COMMITTEE Varroc Engineering Limited Varroc Polymers Private Limited	Nil	Nil
No. of shares held in the Company	1,10,751 Equity Shares	40,250 Equity Shares	1,01,580 Equity Shares
Inter-se relationship between Directors, Manager and Key Managerial Personnel	Spouse of Mrs. Suelve Gautam Khandelwal, Executive Director of the Company	Daughter of Mr. Gautam Premnath Khandelwal (Chairman) & Mrs. Suelve Gautam Khandelwal, (Executive Director)	Spouse of Mr. Gautam Premnath Khandelwal, Chairman of the Company
Disclosure of relationship with promoter of the Company	He is promoter of the Company	She is part of promoter group of the Company	She is part of promoter group of the Company

• Board Meeting Attendance And Remuneration Details Are Provided In Directors Report.

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EXPLANATORY STATEMENT

(pursuant to Section 102(1) of the Companies Act, 2013)

Item No. 3

RE-APPOINTMENT OF MRS. SUELVE GAUTAM KHANDELWAL (DIN: 00270811) AS AN EXECUTIVE DIRECTOR OF THE COMPANY FOR THE PERIOD APRIL 01, 2021 TO OCTOBER 01, 2021

Mrs. Suelve Gautam Khandelwal has been the Executive Director of the Company since April 01, 2015 and further re-appointed on April 01, 2018 for a period of 3 years.

The Board of Directors of the Company (the ‘Board’), at its meeting held on March 30, 2021 has, subject to the approval of members, re-appointed Mrs. Suelve Gautam Khandelwal as Whole Time Director of the Company designated as “Executive Director”, whose office will be liable to determination by retirement by rotation, for a period of 3 (three) years from April 01, 2021 at a remuneration recommended by the Nomination and Remuneration Committee of the Board and approved by the Board. Further, Mrs. Suelve Gautam Khandelwal has sent her resignation from the post of Director w.e.f. October 01, 2021 at the Board Meeting held on August 13, 2021.

Brief profile of Mrs. Suelve Gautam Khandelwal is as follows:

Mrs. Suelve Gautam Khandelwal has been the Executive Director of the Company in the past, and as such she is aware with the business operations of the Company.

Mrs. Suelve Gautam Khandelwal is responsible for business diversification, business process re-engineering, organizational development in the Company and had significantly contributed in past to the overall performance and growth of the Company. In recognition of her valuable contribution, the nomination and remuneration committee and the Board of Directors at its meeting held on March 30, 2021 and further to her resignation dated Aug 13, 2021, the board have recommended the appointment of Mrs. Suelve Khandelwal as “Executive Director” of the Company for a period from April 01, 2021 to October 01, 2021.

Mrs. Suelve Gautam Khandelwal aged 57 years holds a graduate degree from the University of Delhi. She is responsible for business diversification, business process re-engineering, organizational development in the Company. She has significantly contributed to the overall performance and growth of the Company. She is also on Board of Zeppelin Investments Private Limited, Typeout Media Private Limited, TestData Technologies Private Limited and Khandelwals Limited, London. She is spouse of Mr. Gautam Khandelwal, Chairman of the Company.

The material terms of appointment and remuneration as contained in the Re-appointment letter are given below: -

i) Remuneration:

• a) Basic Salary: Rs. 24 Lakhs per annum or such amount as may be decided by the Board of Directors with such increment as may be decided by the Board of Directors from time to time.

• b) benefits, perquisites and allowances shall include furnished accommodation or house rent allowance in lieu thereof, house maintenance allowance together with reimbursement of expenses, gas, electricity, water, furnishing and repairs, medical reimbursement for self and family, Children education allowances (at present Rs. 20,000/- per month per child), leave travel concession for self and family, club fees and expenses, use of Company cars, medical and personal accident insurance and other benefits, amenities and facilities in accordance with Companies policies and determined by the Board from time to time. The value of the perquisites would be evaluated as per Income Tax Rules, 1962 wherever applicable and at cost in absence of any such rules. However, the Company’s contribution to provident fund, gratuity and leave encashment at the end of the tenure, as per the rules of the Company and to the extent are not taxable under the Income- tax law, shall not be included for the purpose of the overall ceiling of remuneration.

• c) Reimbursement of Expenses: Expenses incurred for travelling, boarding and lodging during business trips; and provisions of car and communication expenses for use in respect to Company’s business shall be reimbursed at actual and would not be considered as perquisites.

• d) Provision of car, telephone, audio and video conference facilities at residence, Internet and other communication facilities at residence, on Company’s business, would not be considered as perquisites.

• e) Minimum Remuneration: Notwithstanding anything to the contrary herein contained, where in any financial year during the currency of the tenure as a Whole Time Director, the Company has no profits or its profits are inadequate, the Company may subject to requisite approvals, pay remuneration by way of basic salary, benefits, perquisites and allowances as specified above, and within the limits laid down under Section II of Part II of Schedule V to the Companies Act, 2013.

ii) Other Terms:

The period of office of Mrs. Suelve Gautam Khandelwal shall be liable to determination by retirement of directors by rotation. If Mrs. Suelve Gautam Khandelwal is re-appointed as a director, immediately on retirement by rotation she shall continue to hold office of Whole-time Director designated as “Executive Director” and such re-appointment as director shall not be deemed to constitute break in her appointment as a Whole-time Director designated as “Executive Director”.

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iii) General:

• a) The Executive Director will perform her duties as such with regard to all work of the Company and she will manage and attend to such business and carry out the orders and directions given by the Board from time to time in all respects and conform to and comply with all such directions and regulations as may from time to time be given and made by the Board and the functions of the Executive Director will be under the overall authority of the Board of Directors of the Company.

• b) The Executive Director shall act in accordance with the Article of Association of the Company and shall abide by the provisions contained in Section 166 of the Companies Act, 2013 with regard to duties of directors.

• c) The office of the Executive Director may be terminated by the Company by giving One months’ prior notice in writing. Also the Executive Director can resign by giving One Months’ prior notice in writing subject to approval of the board of directors of the Company.

Mrs. Suelve Khandelwal is interested in the Resolution mentioned at Item No. 3 of the Notice with regard to her respective appointment. None of the Directors and Key Managerial Personnel’s of the Company or their relatives except Mr. Gautam Khandelwal is interested in or concerned with the said Resolution.

The Board of Directors recommends the Resolutions at Item No. 3 of the accompanying Notice for the approval of the Members of the Company as a Special Resolution.

Statement as per Section II, Part II of Schedule V of the Companies Act, 2013:

• I. GENERAL INFORMATION:

1	Nature of Industry	Nature of Industry	Back Offce ProcessingUnit	Back Offce ProcessingUnit
2	Date or expected date of commencement of commercial production		Fresh certifcate of Incorporation was received upon change of name dated August 06, 2001 and there upon the company started its IT enabled services BPO unit from theyear 2002.
3	In case of new companies, expected date of commencement of activities as per project approved by fnancial institutions appearingin theprospectus		Not Applicable
4	Financialperformance based ongiven indicators		Asper balance sheet
5	Export performance and net foreign exchange Collaborations		The entire revenue from operations is arising from export of IT enabled services.
6	Foreign investments or collaborators,if any		None
INFORMATION OF APPOINTEE: MRS. SUELVE GAUTAM KHANDELWAL
1	Background details			She holds a Graduate degree from Universityof Delhi.
2	Past remuneration			Rs. 24,00,000/-per annum
3	Recognition or awards			None
4	Job Profle and her suitability			Overall Management of affairs of the company.
5	Remunerationproposed			Rs. 24,00,000/-per annum
6	Comparative remuneration profle with respect to industry, size of the company, profle of the position and person (in case of expatriates the relevant details would be w.r.t. the countryof his origin)			Not Available
7	Pecuniary relationship directly or indirectly with the company or relationshipwith the managerialpersonnel,if any.			Part of Promoter Group. Also wife of Mr. Gautam Khandelwal,Chairman of the Company.
OTHER INFORMATION
1	Reasons of loss or inadequateprofts	Companyis in agrowingstage and under revenue constraints.
2	Steps taken or proposed to be taken for improvement	The Board of Directors of the Company is devoted to developing customer relationshipforgainingmore business from them.
3	Expected increase in productivity and profts in measurable terms	The Board is hopeful of improvements in profts in coming years.

• II. INFORMATION OF APPOINTEE: MRS. SUELVE GAUTAM KHANDELWAL

III. OTHER INFORMATION

Item No. 4

APPROVAL FOR RELATED PARTY TRANSACTIONS UNDER SECTION 188 OF THE COMPANIES ACT, 2013

Section 188 of the Companies Act, 2013 provides that except with the consent of the Board of Directors given by a resolution at a meeting of the Board and subject to such conditions as prescribed in rules framed in this regard, no company shall enter into any contract or arrangement with a related party with respect to transactions specified therein. It is further provided that in case of a company having paid- up share capital of not less than such amount or transactions not exceeding such sums as are prescribed

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Informed Technologies India Limited

in the rules framed in this regard, no contract or arrangement shall be entered into except with the approval of the company by an ordinary resolution. It is further provided that nothing in this sub- section shall apply to any transaction entered into by the company which are entered in its ordinary course of business and are at arm’s length.

Prior approval of shareholders is required for the transactions that are not in the ordinary course of business and not at an arm’s length basis. Though your Company always seeks to enter into transactions with related parties in the ordinary course of business and/or at arm’s length basis, still as better corporate governance measure, it is considered desirable to have the consent of the Members in respect of related party transactions.

Pursuant to rule 15(3) of Companies (Meetings of Board and its Powers) Rules, 2014, the nature of transactions with the related parties is provided in the said resolution.

The transactions entered with the Related Parties, were placed before the Audit Committee. The said transactions were approved and recommended to the Board.

The members are further informed that no member(s) of the Company being a related party or having any interest in the resolution as set out at item No. 4 shall be entitled to vote on this Ordinary Resolution.

None of the Directors other than those representing the related parties, Key Managerial Personnel’s of the Company or their relative(s) are interested and/or concerned with the said Resolution. The Board recommends the resolution set forth in Item No. 4 for the approval of the Members as an Ordinary Resolution.

Item No. 5 & 6

Appointment Of Ms. Sia Gautam Khandelwal (DIN 09281195) as Director of The Company

And

Appointment Of Ms. Sia Gautam Khandelwal (DIN 09281195) as an Executive Director of The Company

As per the provisions of Section 149 (1) of the act, the company should have atleast 1 (one) woman director as Mrs. Suelve Khandelwal, Executive Director of the Company has placed her resignation w.e.f. October 01, 2021. Keeping in view the above legal requirements, the Board has appointed Ms. Sia Gautam Khandelwal, as an Additional Director with effect from August 16, 2021 after recommendation of Nomination And Remuneration Committee. The Board has also appointed her as an Executive Director (ED) effective the same date, for a period of three years, on the terms and conditions as specified below, subject to the approval of the Members.

Ms. Sia Gautam Khandelwal is not disqualified from being appointed as a Director in terms of Section 164 of the Act and has given her consent to act as a Director. She holds 40,250 no. of equity shares in the Company.

As per the provisions of Section 161 (1) of the Act, she holds office of Additional Director only upto the date of the forthcoming Annual General Meeting of the Company, and is eligible for appointment as Director.

A brief profile of Ms. Sia Gautam Khandelwal is given below:

Ms. Sia Khandelwal Graduated in 2017 from Barnard College of Columbia University with a BA in Urban Studies and Economics. She has also Completed PG diploma in Indian Aesthetics from Jnanapravaha Institute in Mumbai in 2019. It is further informed to the board that given the nature of our business, her foreign education and global exposure will be very useful in the future growth of the company.

She will be responsible for business diversification, organizational development and growth of the Company. The nomination and remuneration committee and the Board of Directors at its meeting held on August 13, 2021 have recommended the appointment of Ms. Sia Gautam Khandelwal as “Executive Director” of the Company for a period of 3 years w.e.f August 16, 2021 to August 15, 2024.

The main terms and conditions of appointment of Ms. Sia Gautam Khandelwal (hereinafter referred to as “Executive Director”) is given below:

I. Basic Salary

Rs. 24,00,000.00 Per Annum

II. Perquisites/ Allowance

benefts, perquisites and allowances shall include furnished accommodation or house rent allowance in lieu thereof, house maintenance allowance together with reimbursement of expenses and/or allowances for utilisation of gas, electricity, water, furnishing and repairs and leave travel concession for self and family including dependent, medical reimbursement for self and family, club fees and expenses, use of Company cars, medical and personal accident insurance and other benefts, amenities and facilities in accordance with Companies policies and determined by the Board from time to time. The value of the perquisites would be evaluated as per Income Tax Rules, 1962 wherever applicable and at cost in absence of any such rules. However, the Company’s contribution to provident fund, gratuity and leave encashment at the end of the tenure, as per the rules of the Company and to the extent not taxable under the Income- tax law,shall not be included for thepurpose of the overall ceilingof remuneration.

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	2020-2021
III. Reimbursement of Expenses	Expenses incurred for travelling boarding and lodging during business trips; and provisions of car for use on Company’s business, telephone, audio and video conference facilities at residence, Internet and other communication facilities at residence, for Company’s business, would not be considered as perquisites.
IV. Commissions	Commission in any year not exceeding 3% of the net proft of the Company computed in the manner referred under Section 197(1) of the Companies Act, 2013 or any statutory modifcation(s) or any re- enactment thereof.
V. Minimum Remuneration	Notwithstanding anything to the contrary herein contained, where in any fnancial year during the currency of her tenure as a Whole Time Director, the Company has no profts or its profts are inadequate, the Company may subject to requisite approvals, pay remuneration by way of basic salary, benefts, perquisites and allowances as specifed above, and within the limits laid down under Section II of Part II of Schedule V to the Companies Act,2013.
VI. Other Terms	The period of offce of Ms. Sia Gautam Khandelwal shall be liable to determination by retirement of directors by rotation. If Ms. Sia Gautam Khandelwal is re-appointed as a director, immediately on retirement by rotation she shall continue to hold offce of Whole-time Director designated as “Executive Director” and such re-appointment as director shall not be deemed to constitute break in her appointment as Executive Director.
VII. General	a. The Executive Director will perform her duties as such with regard to all work of the Company and she will manage and attend to such business and carry out the orders and directions given by the Board from time to time in all respects and conform to and comply with all such directions and regulations as may from time to time be given and made by the Board and the functions of the Executive Director will be under the overall authority of the Board of Directors of the Company. b. The Executive Director shall act in accordance with the Article of Association of the Company and shall abide by the provisions contained in Section 166 of the Companies Act, 2013 with regard to duties of directors. c. The Executive Director shall adhere to the Company’s “Code of Conduct for Directors and Senior Management / Key Managerial Personnel”. d. The offce of the Executive Director may be terminated by the Company or the concerned Director by givingthe other 1(one)months’prior notice in writing.

None of the Directors and Key Managerial Personnel’s of the Company or their relatives except Mr. Gautam Khandelwal and Mrs. Suelve Gautam Khandelwal are interested in or concerned with the said Resolution.

The Board recommends the resolution set forth in Item No. 5 & 6 for the approval of the Members as an Ordinary & a Special Resolution respectively.

Statement as per Section II, Part II of Schedule V of the Companies Act, 2013:

I. GENERAL INFORMATION:

1	Nature of Industry	Back Offce ProcessingUnit
2	Date or expected date of commencement of commercial production	Fresh certifcate of Incorporation was received upon change of name dated August 06, 2001 and there upon the company started its IT enabled services BPO unit from theyear 2002.
3	In case of new companies, expected date of commencement of activities as per project approved byfnancial institutions appearingin theprospectus	Not Applicable
4	Financialperformance based ongiven indicators	Asper balance sheet
5	Export performance and net foreign exchange Collaborations	The entire revenue from operations is arising from export of IT enabled services.
6	Foreign investments or collaborators,if any	None

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II. INFORMATION OF APPOINTEE: MS. SIA GAUTAM KHANDELWAL

III.	1	Background details	Graduated in 2017 from Barnard College of Columbia University with a BA in Urban Studies and Economics. She has also Completed PG diploma in Indian Aesthetics from Jnanapravaha Institute in Mumbai in 2019
	2	Past remuneration	None
	3	Recognition or awards	None
	4	Job Profle and her suitability	Overall Management of affairs of the company.
	5	Remunerationproposed	Rs. 24,00,000/-per annum
	6	Comparative remuneration profle with respect to industry, size of the company, profle of the position and person (in case of expatriates the relevant details would be w.r.t. the countryof his origin)	Not Available
	7	Pecuniary relationship directly or indirectly with the company or relationship with the managerial personnel, if any.	Part of Promoter Group. Daughter of Mr. Gautam Premnath Khandelwal (Chairman) & Mrs. Suelve Gautam Khandelwal, (Executive Director)
	OTHER INFORMATION
	1	Reasons of loss or inadequate profts	Company is in a growing stage and under revenue constraints.
	2	Steps taken or proposed to be taken for improvement	The Board of Directors of the Company is devoted to developing customer relationship for gaining more business from them.
	3	Expected increase in productivity and profts in measurable terms	The Board is hopeful of improvements in profts in coming years.

Item No. 7

SALE OF INVESTMENTS MADE BY THE COMPANY IN THE EQUITY SHARES OF ENTECRES LABS PRIVATE LIMITED

The company holds 4,680 equity shares of Rs. 10/- each in Entecres Labs Private Limited constituting 27.96% of the paid up capital of Entecres Labs Private Limited and it’s our Associate company. A Member of the current promoter group of the Company offered to purchase the Entecres Labs Private Limited shares. It is informed that due to the current pandemic scenario, there is a slow-down in the school business revive and there is no future visibility of when will the school business revive and due to this, there is uncertainty about the investment made by the company in Entecres Labs Private Limited. The board of the company has proposed selling the said investment inorder to generate cash for the company so that it can be better utilized in other investment opportunities. Further, as there is currently no buyer for the investment, the promoter group has offered to purchase the said investment at fair value as per valuation report received from the Merchant Banker and Registered Valuer. The Audit Committee and the Board of Directors of the Company at their Meeting held on August 13, 2021 approved the sale of the Entecres Labs Private Limited to Zeppelin Investments Private Limited, a promoter group entity at a price of the Company at a price of not less than Rs. 4792.00 (Rupees Four Thousand Seven Hundred Ninety Two Only), per equity share as per valuation report.

Statutory provisions under which the said approval is being sought:

• a) In terms of Section 180(1)(a) of the Companies Act, 2013, a company cannot sell, lease or otherwise dispose off the whole or substantially the whole of the undertaking of the company without the consent of the members by way of a special resolution at the general meeting of the company. In terms of explanation to Section 180(1)(a), the term ‘undertaking’ means an undertaking in which the investment of the company exceeds 20% of its net worth as per the audited balance sheet of the preceding financial year or an undertaking which generates 20% of the total income of the company during the previous financial year. Further, the expression ‘substantially the whole of the undertaking’ in any financial year shall mean 20% or more of the value of the undertaking as per the audited balance sheet of the preceding financial year.

• b) Further, as per Section 188(1) of the Act read with Rule 15(3)(a)(ii) of the Companies (Meetings of Board and Its Powers) Rules, 2014 made thereunder requires approval of the member for any transaction entered into between related parties for selling or otherwise disposing of, or buying property of any kind, where the amount involved is 10% or more of the net worth of the Company, as mentioned in clause (b) of Sub Section (1) of Section 188.

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Informed Technologies India Limited

Annual Report 2020-2021

Additional information under Companies Act, 2013

a)	Name of the relatedparty	Zeppelin Investments Private Limited,Promoter GroupEntity
	Name of the director or key managerial personnel who is related,if any	Mr. Gautam Khandelwal, Mrs. Suelve Khandelwal and Ms. Sia Khandelwal
	(c)Nature of relationship
	Nature, material terms, monetary value and particulars of the contract or arrangement	Sale of equity Shares of Entecres Labs Private Limited at a price of not less than Rs. 4791.93 per equity share
	Any other information relevant or important for the members to take a decision on theproposed resolution	NA

The promoters of the Company will not participate or vote on this resolution as prescribed under Section 188 of the Companies Act, 2013.

None of the Directors or Key Managerial Personnel or their relatives except as mentioned above is in any way concerned or interested, financially or otherwise, in the above-referred resolution in Item No. 7.

The Board recommends the resolution set forth in Item No. 7 for the approval of the Members as a Special Resolution.

Item No. 8

SHIFTING OF REGISTERED OFFICE OF THE COMPANY

Presently, the Company’s Registered Office is located at 20, Nirmal, Nariman Point, Mumbai 400 021, Maharashtra’. The Board of Directors of your Company at their meeting held on August 13, 2021 has decided to shift the Registered Office of the Company from the to ‘Unit No. 302/303, Millennium Business Park, Bldg. No. 4, Sector No. 3, TTC. MIDC, Mahape, Navi Mumbai – 400710, Maharashtra’ to carry on the business of the Company more economically and efficiently and with better operational convenience. As per provisions of Section 12 and other applicable provisions, if any, of the Companies Act, 2013 and rules made thereunder, shifting of Registered Office of the Company outside the local limits but within the same State requires approval of the Members by way of Special Resolution through Postal Ballot or can be taken in AGM if company provides evoting facility.

None of the Director, Key Managerial Personnel or their respective relatives is in any way concerned or interested in the resolution except as members of the Company.

The Board recommends the resolution set forth in Item No. 8 for the approval of the Members as a Special Resolution.

For and on behalf of the Board

	Gautam Khandelwal
Place: Mumbai	Chairman
Date: August 13, 2021	DIN 00270717

Registered Office:

“Nirmal”, 20[th] Floor, Nariman Point, Mumbai 400021 CIN: L99999MH1958PLC011001 | Website: www.informed-tech.com |

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Informed Technologies India Limited

Annual Report 2020-2021

Directors Report, Management Discussion and Analysis Report

To the Members,

Your Directors have pleasure in presenting their Sixty Third Annual Report together with the Audited Financial Statements of your Company for the Financial Year ended March 31, 2021. The Management Discussion and Analysis are also included in this Report.

Financial Highlights

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

Financial Highlights
The performance of your Company for the fnancial year under review is summarized below:		(Rs. in Lakhs)
Particulars	2020-2021	2019-2020
Revenue from Operations and Other Income	496.55	180.36
Proft/(Loss) before Interest, Depreciation & Tax	179.76	(152.52)
Less: Interest	4.15	7.54
Proft before Depreciation & Tax	183.91	(160.06)
Less: Depreciation	28.68	28.04
Proft/ (Loss) before Taxation	212.59	(188.10)
Less: Provision for Current Tax / (MAT)	16.32	-
Minimum Alternate tax credit	-	-
Deferred Tax	14.41	(60.80)
Proft/ (Loss) after tax for the year	181.85	(127.31)
Total other comprehensive income (net of tax)	1.36	29.40
Total comprehensive income for theyear	183.22	(156.71)

• Figures as per Ind AS for both the years.

Dividend and Reserves

In order to conserve capital for future investment plan, the Board did not recommend any dividend for the year ended March 31, 2021. During the year under review, no amount was required to be transferred to General Reserve.

Share Capital

During the year, the Company has not issued shares with differential voting rights, nor has granted any stock options or sweat equity, no bonus shares were issued by the Company. There was no provision made by the Company for purchase of its own shares by employee or by the trustee. As on March 31, 2021, none of the Directors of the Company hold instruments convertible into equity shares of the Company. During the year, there was no change in the Share Capital of the Company. As on March 31, 2021, the issued, subscribed and paid up share capital of your Company stood at Rs. 41, 691,000/- comprising 4,169,100 Equity shares of Rs. 10/- each.

Directors and Key Managerial Personnel

The Company is well supported by the knowledge and experience of its Directors and Key Managerial Personnel. Pursuant to provisions of the Companies Act, 2013, Mr. Gautam Khandelwal, Director of the Company is liable to retire by rotation and being eligible, has offered himself for re-appointment. The Board recommends his reappointment.

During the year, Mrs. Suelve Gautam Khandelwal (DIN 00270811) was re-appointed as an Executive Director and Key Managerial Personnel of the Company with effect from April 01, 2021. Mrs. Suelve Gautam Khandelwal is responsible for business diversification, business process re-engineering, organizational development in the Company and had significantly contributed in past to the overall performance and growth of the Company. In recognition of her valuable contribution, the nomination and remuneration committee and the Board of Directors at its meeting held on March 30, 2021 had recommended her re-appointment as an Executive Director for 3 years subject to approval of the shareholders. Further, at the board meeting held on August 13, 2021 Mrs. Suelve Gautam Khandelwal has placed her resignation from October 01, 2021. Thus, the board has recommended the appointment of Mrs. Suelve Gautam Khandelwal as “Executive Director” of the Company for a period from April 01, 2021 to October 01, 2021. She is spouse of Mr. Gautam Khandelwal, Chairman of the Company. The board recommends her re-appointment for the consideration of the Members of the Company at the ensuing AGM.

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Annual Report 2020-2021

Informed Technologies India Limited

Further, Ms. Sia Gautam Khandelwal (DIN 09281195) has been appointed as an Additional Director of the Company, with effect from August 16, 2021. In accordance with the provisions of the Companies Act, 2013, Ms. Sia Gautam Khandelwal holds office upto the date of the ensuing Annual General Meeting of the Company. Appropriate resolutions seeking the consent of the Members of the Company for appointment of Ms. Sia Gautam Khandelwal as Whole Time Director designated as “Executive Director” forms part of the Notice convening the 63[rd] Annual General Meeting. Ms. Sia Gautam Khandelwal is daughter of Mr. Gautam Khandelwal, Chairman and Mrs. Suelve Gautam Khandelwal, Executive Director of the Company. The board recommends her re-appointment for the consideration of the Members of the Company at the ensuing AGM.

All the Directors of the Company have confirmed that they are not disqualified from being appointed as Directors in terms of Section 164 of the Companies Act, 2013 and not debarred or disqualified by the SEBI / Ministry of Corporate Affairs or any such statutory authority from being appointed or continuing as Director of the Company or any other Company where such Director holds such position in terms of Regulation (10)(i) of Part C of Schedule V of Listing Regulations.

The Company has following persons as Key Managerial personnel:

Sr. No.	Name of theperson	Designation	Date of Appointment
1.	Mrs. Suelve Gautam Khandelwal	Executive Director	01.04.2015
2.	Mrs. Roshan D’Souza	Chief Financial Offcer	30.09.2014
3.	Ms. Reena Yadav	CompanySecretaryand Compliance Offcer	13.08.2014

Details of Board meetings

During the year, the Board of Directors met 6 (Six) times, details of which are as follows:

Date of Meetings	No. of Directors attended the Meeting
July31,2020	3
September 02,2020	3
September 15,2020	3
November 07,2020	3
February02,2021	3
March 30,2021	2

Notes:

• Mr. Virat Mehta and Mr. Nimis Sheth have attended all the meetings during the year;

• Mr. Gautam Khandelwal has attended 4 Meetings out of 6 Meetings during the year; and

• Mrs. Suelve Khandelwal has attended 1 Meeting out of 6 Meetings during the year.

Committees of the Board and attendance at last AGM

The details of the various committees of the board and their composition and number of meetings attended as on March 31, 2021 are as under:

Name of Director(s)	Audit Committee	Audit Committee	Stakeholders Relationship Committee	Stakeholders Relationship Committee	Nomination And Remuneration Committee	Nomination And Remuneration Committee	Attendance at last AGM
	Chairman/ Member	No. of Meeting attended/ Out of	Chairman/ Member	No. of Meeting attended/ Out of	Chairman/ Member	No. of Meeting attended/ Out of
Mr. Nimis Seth	Chairman	4/4	Chairman	4/4	Chairman	2/2	Yes
Mr. Gautam Khandelwal	Member	3/4	Member	3/4	Member	1/2	Yes
Mrs. Suelve Gautam Khandelwal	-	-	Member	1/4	-	-	No
Mr. Virat Mehta	Member	4/4	Member	4/4	Member	2/2	Yes

Notes:

• The Audit Committee met 4 (Four) times during the year i.e. on July 31, 2020, September 15, 2020, November 07, 2020 and February 02, 2021.

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Informed Technologies India Limited

Annual Report 2020-2021

• The Stakeholders Relationship Committee met 4 (Four) times during the year i.e. on July 31, 2020, September 15, 2020, November 07, 2020 and February 02, 2021.

• Nomination and Remuneration Committee met 2 (Two) times during the year i.e. on February 02, 2021 and March 30, 2021.

The Company has received necessary declarations from its Independent Directors confirming that they meet the criteria of independence as prescribed under Section 149 (6) of the Companies Act, 2013 and there has been no change in the circumstances which may affect their status as Independent Director during the year. Independent Directors have also submitted declaration that they have registered themselves on the online data bank of Indian Institute of Corporate Affairs (IICA) in accordance with the Companies (Appointment and Quali fication of Directors) Fifth Amendment Rules, 2019.

During the year, the Independent Director meeting was held on February 02, 2021.

Nomination and Remuneration Policy

The policy of the Company on director’s appointment and remuneration, including criteria for determining qualifications, positive attributes and independence of a director and other matters provided under sub-section (3) of Section 178 of the Companies Act, 2013 is adopted by the Board and may be accessed on Companies website at the link: http://informed-tech.com/investors/ - corporate governance/. We affirm that the remuneration paid to the directors is as per the terms laid out in the nomination and remuneration policy of the Company. Further, the Nomination and Remuneration Committee devises the policy on Board diversity to provide for having a broad experience and diversity on the Board.

Board Evaluation

Pursuant to the provisions of the Companies Act, 2013 and applicable provision of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a structured questionnaire was prepared as per the requirement of the act which included various aspects of Boards and Committees functioning, Composition of the Board and its Committees, functioning of the Individual directors, board diversity. The aspects covered in the evaluation included the contribution to and monitoring of corporate governance practices and the fulfillment of Directors obligations and fiduciary responsibilities, including but not limited to, active participation at the Board and Committee meetings.

The evaluation of all directors, committee’s chairman of the board and the board as whole was conducted based on the criteria and framework and the board expressed their satisfaction with the evaluation process.

Familiarization Program

Your Company has been regularly familiarizing the Independent Directors on its Board on the Company operations, strategic business plans. Apart from above, Independent Directors are also familiarized through various regulatory developments, change in laws.

Significant and Material Orders Passed by the Regulators or Courts or Tribunals

There were no significant material orders passed by the regulators or courts or tribunals which may impact the going Concern status and Companies operations.

Internal Financial Controls

The details in respect of internal financial control and their advocacy are included in the management discussion and analysis which forms part of this Annual Report.

IEPF Share Transfer and Nodal Officer

As per Companies act, 2013 the Company has transferred 20,592 Equity shares to Investor Education and Protection fund. Further, Ms. Reena Yadav, Company Secretary and compliance officer is the Nodal Officer for IEPF.

Deposits

During the year, your Company has not accepted any deposits under the provisions of Chapter V of the Companies Act, 2013 and the rules made there under.

Subsidiary/Joint Ventures/Associate Companies

The Company does not have Subsidiary Companies /Joint Ventures. The Company has One Associate Company “Entecres Labs Private Limited”.

Loans, Guarantees or Investments

Loans, guarantees and investments covered under Section 186 of the Companies Act, 2013 form part of the notes to the financial statements provided in this Annual Report.

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Informed Technologies India Limited

Annual Report 2020-2021

Management Discussion and Analysis

a) Industry Review and future outlook:

The Indian IT industry has now matured and is internationally recognized for its technical skills & trained manpower. The need for greater transparency in governance of companies in international financial markets is continuing to drive businesses in which the Company is associated as a service provider. The Indian companies are now emphasizing on improving technology and offering higher value added services. The digital transformation of businesses provides opportunities for IT Services industry in providing a range of new services.

The Company is principally engaged in the business of Business Process Outsourcing which is the only reportable segment.

The Company is actively looking for expansion opportunities in various sectors which are technology enabled in order to drive growth for the Company.

b) Business Review & Development and Overview of Financial Performance & Operations:

Your Company is operating as IT enabled service provider and is a content provider to the securities and financial research industry. Companies Data Management techniques enable organizations to leverage their operations and help them reduce costs and turnaround time.

Your Company has also developed insight into the market segment of financial content and has developed relationships with its customers, which are well known and respected American Corporations. During the year, the total operational revenue was Rs. 256.15 Lakhs as compared to Rs. 189.41 Lakhs in previous year. Your Company is also exploring new business opportunities in other areas in information technology services and is in the process of developing software application solutions for proprietary products. During the year, the total income of the Company was Rs. 496.55 Lakhs compared to Rs. 180.36 Lakhs in previous year.

c) Internal Control Systems:

The Company has adequate internal control systems in place with reference to the financial statements. The Audit Committee of the Board periodically reviews the internal control systems with the management, Internal Auditors and Statutory Auditors and the adequacy of internal audit function, significant internal audit findings and follow-ups thereon. There are no adverse observations having material impact on financials, commercial implications or material non-compliance which have not been acted upon.

The Company has also implemented Quality Management System (QMS) and has got itself registered under ISO 9001:2015 Standard.

d) Risks, Concerns, Threats and Impact of COVID – 19 on business:

The lockdowns and restrictions imposed by Central/ State Governments and various local governments in the countries where the Company’s operates, due to COVID-19 Pandemic, have posed many challenges to the operations of the Company. However, the Company has been successful in enabling and facilitating most of its employees to work from home to continue servicing its clients. Hence, COVID-19 pandemic has had a minimum impact on the operations of the company but the total revenue of the company will be impacted due to the impact on non – operational income (other income) of the company.

The Company’s nature of operations is Business Process Outsourcing; the Company has successfully ensured that most of the employees service our clients by working from home. The Company has managed to secure the consent of its clients to service them through work from home model by Company’s employees. The Company continues to encourage its employees to work from home till the resumption of complete normalcy. Further, the Company is advising its employees to take requisite precautionary measures as regards to their health and safety announced by the Government.

The Company has taken all necessary steps to adhere to the guideline for social distancing with various directives issued by the Central/State Government and has put safety measures which include: – Sanitization of Premises, Enforcing wearing of masks and Hand sanitizer at entry point, etc. Thus, any employees who need to come to office they have to follow all the rules and regulations. The company is providing transport facilities and employees have to follow social distancing and all other safety measures at all times.

Due to the unpredictable nature of the situation, it is very early & difficult to assess the future impact of COVID-19 with reasonable certainty. With the opening of domestic markets post lockdown, we expect business to improve gradually in the coming months.

This section lists forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in these statements as a result of certain factors. Our Risks, Concerns & Threats are as follows:

• We may not be able to sustain our previous profit margins or levels of profitability.

• Our revenues are dependent on clients primarily located in the United States of America, as well as on clients concentrated in specific sectors. An economic slowdown or other factors that affect the economic health of these countries or those sectors, or any other impact on the growth of such sectors, may affect our business.

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Informed Technologies India Limited

Annual Report 2020-2021

• Currency fluctuations may affect the revenue generation from our operations.

• Intense competition in the market could affect our pricing, which could reduce our share of business from clients and decrease our revenues.

• A large part of our revenues is dependent on our top clients and the loss of any one of our major clients could significantly impact our business.

• Our client contracts can typically be terminated without cause and with little or no notice or penalty, which could negatively impact our revenues and profitability.

• We may be liable to our clients for damages caused by the disclosure of confidential information, system failures, errors or unsatisfactory performance of services.

• We may engage in acquisitions, strategic investments, strategic partnerships or alliances or other ventures that may or may not be successful.

• Anti-outsourcing legislation in certain countries in which we operate may restrict companies in those countries from outsourcing work to us, or may limit our ability to send our employees to certain client sites.

• In the event that the Government of India or the government of another country changes its tax policies in a manner that is adverse to us our tax expense may materially increase, reducing our profitability.

• If the Government of India modifies dividend distribution tax rates or introduces new forms of taxes on the distribution of profits, or changes the basis of application of these taxes, the same could materially affect the returns to our shareholders.

e) Associate Company and Consolidated Statements:

Your Company has one associate company i.e. "Entecres Labs Private Limited" (ELPL). During the year, total revenue of the ELPL has decreased to Rs. 491.25 Lakhs from Rs.624.81 Lakhs the previous year and its net profit after tax has reduced to Rs. 14.55 Lakhs from Rs. 37.04 Lakhs in the previous year.

The Consolidated Financial Statement of your Company for the financial year 2020-21, is prepared in compliance with applicable provisions of the Companies Act, 2013, Indian Accounting Standard and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Consolidated Financial Statements have been prepared on the basis of audited financial statements of the Company, its associates, as approved by their respective Board of Directors.

Pursuant to sub-section (3) of section 129 of the Act, the statement containing the salient features of the financial statement of Company’s associate is given as AOC -1. Brief particulars about the business of the Associate Company are as follows:-

Entecres Labs Private Limited (ELPL) is the brainchild of a group of research engineers along with some professors and educationalists. The Company core business is to promote STEM education (STEM stand for Science, Technology, Engineering, and Mathematics) among students at an earlier age. Apart from India, It also has presence in various countries including Japan, UAE, Singapore, Maldives, Sri Lanka, Bangladesh, Nepal and Malaysia. The investment has allowed your Company to enter the education sector and explore new opportunities for growth in education and technology sector.

f) Material Developments in Human Resources / industrial Relations, including Number of People Employed:

The human resource plays a vital role in the growth and success of an organization. The Company has maintained cordial and harmonious relations with employees.

During the year under review, various training and development workshops were conducted to improve the competency level of employees with an objective to improve the operational performance of individuals. The Company has built a competent team to handle challenging assignments and projects.

The Company has 25 permanent employees as on March 31, 2021.

g) Details of Significant Changes:

Ratios	2021	2020
Debtors Turnover ratio	10.30	6.72
Interest coverage ratio	64.59	(27.69)
Current ratio	22.03	9.01
Debt equity ratio	0.02	0.04
Operating Proft Margin Net Proft Margin %	0.84 70.99%	(0.96) (67.21)%
Return on Net worth %	13.26%	(10.71)%
EPS	4.36	(3.05)
PE Ratio	5.50	(2.71)

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Informed Technologies India Limited

Annual Report 2020-2021

Reason for significant change:

• Revenue from Operations & other Income: The Revenue has increased during the year. Other Income has also increased due to notional gain in current investments and good performance of the Financial Markets.

• Debtors Turnover ratio: The Debtors Turnover Ratio has changed but it is realized within the credit permissible policy of the company.

• The Interest coverage ratio has increased due to profit gained by the company during the year.

• The net operating margin has increased due to increase in sales in the current year as compared to the last year.

• The net profit margin has increased to 70.99% as compared to net loss margin of (67.21%) in the previous year. However the management’s contention is that it is due to Ind AS effect wherein the notional gains of current investments have been factored in.

• The earnings per share have increased from Rs. (3.05) to Rs. 4.36 per share i.e there is an increase of 242.95% due to the increased profit by the company in the current year. The positive EPS is mainly on account of notional gains of current investments and as such is of transitional nature.

h) Details of any Change in Return on Net Worth as Compared to the immediately Previous Financial Year:

The return on net worth i.e. the return on shareholders’ equity has gone up to 13.26%.

BSE Adjudication Order

The company has received an Adjudication order dated April 21, 2020 (Ref No.: Order/AP/AS/2020-21/7504) under section 15-I of SEBI Act, 1992 read with rule 5 of SEBI (Procedure for holding inquiry and imposing penalties) Rules, 1995 for failing to make disclosure under regulation 13(4A) read with regulation 13 (5) of the PIT regulations, 1992 for the period 2012-2013 for 5 instances. As per the order received, the penalty of Rs. 5,00,000/- (Rupees Five Lakh Only) has been imposed on the Company under section 15A (b) of the SEBI Act. The Company has paid the required penalty within due date.

The complete order is available on the company website at http://informed-tech.com/investors/material-events/

Risk Management

The Company is aware of the risks associated with the business. The Senior Managements regularly analyses and takes corrective actions for managing / mitigating the same. In terms of the requirement of the Act, the Company has authorized Senior Management to manage, monitor and report on the principal risks and uncertainties that can impact the ability to achieve the Companies strategic objectives. The Senior Management periodically informs the board on various issues along with its recommendations and comments for Boards review and necessary action.

Statutory Auditors, their Report and Notes to Financial Statements

M/s. Parekh Sharma and Associates, Chartered Accountants (Firm Registration No. 129301W) were appointed as the Statutory Auditors of the Company as per the provisions of Section 139 of the Companies Act, 2013 to hold office from the conclusion of the 59[th] Annual General Meeting (AGM) held on September 28, 2017 until the conclusion of the Fifth consecutive AGM of the Company to be held in the year 2022 (subject to ratification of their appointment by the Members at every AGM held after the AGM held on September 28, 2017).

Further, in accordance with the Companies Amendment Act, 2017, enforced on May 07, 2018 by the Ministry of Corporate Affair, the appointment of Statutory Auditors is not required to be ratified at every Annual General Meeting. Therefore, it is not proposed to ratify the appointment of auditors at the ensuing Annual General Meeting.

The Notes on financial statement referred to in the Auditors’ Report are self-explanatory and do not call for any further comments. The Auditors’ Report does not contain any qualification, reservation or adverse remark.

Total fees for all services paid by the Company and its subsidiaries, on a consolidated basis, to the statutory auditor and all entities in the network firm/network entity of which the statutory auditor is a part is given below:

Particular	As at
	March 31,
	2021
Audit Fees	275,000
Tax Audit Fees	-
Other Service	150,000
Total	425,000

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Informed Technologies India Limited

Annual Report 2020-2021

Details in respect of Frauds Reported by Auditors

During the year under review, the Statutory Auditors and Secretarial Auditor have not reported any instances of frauds committed in the Company by it or its Employees to the Audit Committee under section 143(12) of the Companies Act, 2013, details of which needs to be mentioned in this Report.

Secretarial Auditor

In terms of Section 204 of the Act and Rules made there under, M/s. DSM & Associates, Practicing Company Secretary (COP No. : 9394) have been appointed as Secretarial Auditors of the Company. The secretarial audit report does not contain any adverse remarks or disclaimers it is enclosed as Annexure I to this report. The report is self-explanatory and do not call for any further comments.

Secretarial Standards

The Company is in compliance with the applicable secretarial standards.

Internal Auditors

In terms of Section 138 of the Companies Act, 2013 and the rules made there under, M/s M. V. Ghelani & Co., Chartered Accountants (ICAI Registration No. 119077W) are Internal Auditors of the Company. The audit Committee of the Board of Directors in consultation with the Internal Auditors, formulate the scope, functioning, periodicity and methodology for conducting the internal audit.

Related Party Transactions

There have been no materially significant related party transactions between the Company and the Directors, the management, the key managerial personnel or their relatives except for those disclosed in the financial statements.

Accordingly, particulars of contracts or arrangements with related parties referred to in Section 188(1) along with the justification for entering into such contract or arrangement in Form AOC-2 does not form part of the report.

The policy on Related Party Transactions as approved by the Board is uploaded on the Company website and can be accessed at the Web link: http://informed-tech.com/investors/corporate-governance/.

Extract of the Annual Return

As required under Section 92(3) and 134(3) (a) of the Act and Rule 12(1) of the Companies (Management and Administration) Rules, 2014 (as amended), Annual Return in Form MGT - 7 is available on Company’s website on the link https://informedtech.com/investors/corporate-governance/

Disclosures pursuant to the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014

A) Details of the ratio of the remuneration of each director to the median employee’s remuneration and other details as required pursuant to Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014:

Sr. No.	Name of Director/KMP and Designation	Remuneration of Director/KMP for fnancial year 2020- 21 (Rs. in Lacs)	% increase in Remuneration in the fnancial year 2020-21	Ratio of remuneration of each Director/to median remuneration of employees	Comparison of the Remuneration of the KMP against the performance of the Company
1.	Mr. Gautam Khandelwal Non Executive Chairman	NIL	Not Applicable	Not Applicable	Not Applicable
2.	Mr. Nimis Sheth# IndependentDirector	NIL	Not Applicable	Not Applicable	Not Applicable
3.	Mr. Virat Mehta# IndependentDirector	NIL	Not Applicable	Not Applicable	Not Applicable
4.	Mrs. Suelve Khandelwal ExecutiveDirector	22.00	-	6.34:1	Company made a proft of Rs. 1.82 cr as compared to loss last year.
5.	Mrs. Roshan Dsouza Chief FinancialOffcer	8.58	-	-
6.	Ms. Reena Yadav Company Secretary and Compliance Offcer	8.96	-	-

# The Company has paid sitting fees of Rs. 25000 per board meeting and Rs.1000 per committee meeting to the Independent Directors during the year.

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Informed Technologies India Limited

Annual Report 2020-2021

Notes

• i) The Ratio of the remuneration of each Director to the median remuneration of the employees of the Company for the financial year 2020-21: As per table given above.

• ii) The percentage increase in remuneration of each Director, Chief Financial Officer and Company Secretary during the financial year 2020-21: As per table given above.

• iii) The percentage increase in the median remuneration of employees in the financial year 2020-21: -17.26%

• iv) There were 25 confirmed employees on the rolls of the Company as on March 31, 2021.

• v) Average percentage increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentage increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration: As per table given above.

• vi) Affirmation that the remuneration is as per remuneration policy of the Company- Yes

B) Particulars of employees remuneration, as required under section 197(12) of the Companies Act, 2013, read with Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016:

During the year under consideration, none of the employees of the Company were in receipt of remuneration in e x c e s s of limits prescribed under section 197(12) of the Companies Act, 2013, read with Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016 hence particulars as required under section 197(12) of the Companies Act, 2013, read with Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016 are not given.

Conservation of Energy, Technology Absorption, Foreign Exchange Earning and Outgo

Disclosures pertaining to conservation of energy, technology absorption are not applicable to your company during the year under Review. The Company has not undertaken any R&D activity in the current year. The Company has not imported any technology during the year.

During the year, the foreign Exchange outgo was Rs. NIL (Previous year – Nil). The Foreign Exchange earning was Rs.256.15 Lakhs (Previous year Rs. 189.41 Lakhs).

Corporate Social Responsibility (CSR)

Since the CSR norms are not applicable to the Company hence, the disclosures as per Rule 9 of the Companies (Corporate Social Responsibility Policy) Rules, 2014 is not required to be made.

Cost Record

Maintenance of cost records as specified under Section 148(1) of the Act is not applicable to your Company.

Vigil Mechanism and Whistle Blower Policy

The Company has adopted a Vigil Mechanism and Whistle Blower Policy to provide a mechanism for the directors and employees to report genuine concerns about any unethical behavior, actual or suspected fraud or violations of the Company’s code of conduct. The provisions of this policy are in line with the provisions of Section 177 (9) of the Act. The policy can be accessed on the company’s website at following link http://informed-tech.com/investors/corporate-governance/.

Disclosure under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013

The Company has in place Prevention of Sexual Harassment at Workplace Policy in line with the requirements of the Sexual Harassment of Women in the Workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contract, temporary, trainees) are covered under this policy.

The following is a summary of Sexual Harassment Complaints received and disposed off during the year 2020-2021.

No. of Complaint received	No. of Complaints disposed off	No. of Complaintspending
Nil	N.A.	N.A.

Material Changes

There were no material changes and commitments affecting the financial position of the Company, which have occurred between the end of the financial year of the Company to which this report relates and the date of the report except as otherwise mentioned in this director report, if any.

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There had been no changes in the nature of Companies business. To the best of information and assessment there has been no material changes occurred during the financial year, generally in the classes of business in which the Company has an interest except as otherwise mentioned in this director report, if any.

Directors Responsibility Statement

Pursuant to Section 134 (3) (c) and 134 (5) of the Companies Act, 2013, the Board of Directors, to the best of their knowledge and ability, confirm that:

• i) in the preparation of the annual accounts, the applicable accounting standards have been followed and that there are no material departures;

• ii) they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of the Company for that year;

• iii) they have taken proper and sufficient care to the best of their knowledge and ability, for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

• iv) the annual accounts have been prepared on a going concern basis;

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

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

Dematerialization of Shares

95.18% of the Company’s paid up equity share capital is in dematerilised form as on March 31, 2021 and balance 4.82% is in physical form. The Company’s Registrar and Share Transfer Agents is M/s. Link Intime India Pvt. Ltd. having office at C-101, 247 Park, LBS Marg, Vikhroli – (W), Mumbai - 400083.

Corporate Governance

As per regulation 15 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 provisions as specified in regulation 27 shall not apply to your Company. As such there is no requirement to attach the corporate governance report.

Acknowledgements

Your Board of Directors wishes to place on record their appreciation for the whole-hearted cooperation received by the Company from the Shareholders, various Government departments, Business Associates, Company/s Bankers and all the employees during the year.

For and on behalf of the Board Gautam Khandelwal Place: Mumbai Chairman Date: August 13, 2021 DIN 00270717

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Annexure I

SECRETARIAL AUDIT REPORT

For the Financial Year ended 31[st] March, 2021

(Pursuant to section 204(1) of the Companies Act, 2013 and the Rule No.9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014)

To,

The Members of

Informed Technologies India Limited

We have conducted the secretarial audit of the compliance of applicable statutory provisions and the adherence to good corporate practices by Informed Technologies India Limited (CIN: L99999MH1958PLC011001) (hereinafter called "The Company"). We have conducted Secretarial Audit in a manner that provided us a reasonable basis for evaluating the corporate conducts/statutory compliances and expressing our opinion thereon.

Due to restricted movement and COVID-19 pandemic, we have conducted the secretarial audit by examining the Secretarial Records including Minutes, Documents, Registers and other records etc., and some of them received by way of electronic mode from the Company and could not be verified from the original records. The management has confirmed that the records submitted to us are true and correct. Based on our verification of the Company’s books, papers, minute books, forms and returns filed and other records maintained by the Company, the information provided by the Company, its officers, agents and authorised representatives during the conduct of secretarial audit, the explanations and clarifications given to us and the representations made by the Management and considering the relaxations granted by the Ministry of Corporate Affairs and Securities and Exchange Board of India, warranted due to the spread of the COVID-19 pandemic, we hereby report that in our opinion, the Company has, during the audit period covering the financial year ended on 31[st] March, 2021 (“Audit Period”), generally complied with the statutory provisions listed hereunder and also that the Company has proper Board processes and compliance mechanism in place to the extent, in the manner and subject to the reporting made hereinafter:

We have examined the books, papers, minute books, forms and returns filed and other records maintained by the Company for the financial year ended on 31[st] March, 2021 according to the provisions of:

• (i) The Companies Act, 2013 (the Act) and the rules made there under;

• (ii) The Securities Contracts (Regulation) Act, 1956 (SCRA) and the rules made there under;

• (iii) The Depositories Act, 1996 and the regulations and bye laws framed there under;

• (iv) The Foreign Exchange Management Act, 1999 and the rules and regulations made there under to the extent of Foreign Direct Investment, Overseas Director Investment and External Commercial Borrowings;

• (v) The following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act, 1992 (SEBI Act);

• a) SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;

• b) SEBI (Prohibition of Insider Trading) Regulations, 2015;

• c) SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009;

• d) The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 regarding the Companies Act and dealing with client;

• (vi) Other specifically applicable laws to the Company during the period under review;

• (i) Income Tax Act, 1961;

• (ii) Goods and Services Tax;

• (iii) Registration Act, 1908;

• (iv) Indian Stamp Act, 1899;

• (v) Indian Contract Act, 1872;

• (vi) Negotiable Instrument Act, 1881;

• (vii) Information Technology Act, 2000;

• (viii) Prevention of Money Laundering Act, 2002;

• (ix) Consumer Protection Act, 1986;

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We have also examined compliance with the applicable clause of the following:

• (i) Secretarial Standards issued by The Institute of Company Secretaries of India;

• (ii) The Listing Agreement entered into by the Company with The Bombay Stock Exchange or Securities and Exchange Board of India (Listing Obligations And Disclosure Requirements) Regulations, 2015

• Based on the aforesaid information provided by the Company, we report that during the financial year under report, the Company has complied with the provisions of the above mentioned Act/s, Rules, Regulations, Guidelines, Standards, etc. mentioned above to the extent applicable.

We further report that

The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent Directors. The changes in the composition of the Board of Directors that took place during the period under review, if any, were carried out in compliance with the provisions of the Act.

Adequate notice is given to all directors to schedule the Board Meetings, agenda and detailed notes on agenda were sent at least seven days in advance and a system exists for seeking and obtaining further information and clarification on the agenda items before the meeting and for meaningful participation at the meeting.

As per the minutes of the meetings duly recorded and signed by the Chairman, the decisions of the Board were unanimous and no dissenting views have been recorded.

We further report that, based on the information provided and the representation made by the Company, in our opinion there are adequate systems and processes in the Company commensurate with the size and operations of the Company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.

We further report that during the audit period:

The Company has received an Adjudicating Order, dated 21[st] April, 2020 (Ref No. Order/AP/AS/2021-21/7504) under Section 15-I of SEBI Act, 1992 read with rule 5 of SEBI (Procedure for Holding of Inquiry and Imposing Penalties) Rules, 1995 for failing to make disclosures under regulation 13(4A) read with regulation 13(5) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 for the period 2012-13 for 5 instances and the penalty has been levied on the Company. The Company has paid amount of penalty to the Adjudicating Authority. The Company has made necessary disclosures to the Stock Exchanges as well said information is also available on the website of the Company and there were no other specific events/actions in pursuance of the above referred laws, rules, regulations, guidelines, etc. having a major bearing on the Company’s affairs.

For DSM & Associates, Company Secretaries

CS Sanam Umbargikar Partner M.No.26141. CP No.9394. UDIN: A026141C000756959

Date:13[th] August, 2021. Place: Mumbai.

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Annual Report 2020-2021

To,

The Board of Directors

Informed Technologies India Limited

Dear Sirs,

Subject: Secretarial Audit Report for financial year ended 31[st] March, 2021.

Our report of even date is to be read along with this letter:

1. Maintenance of Secretarial record is the responsibility of the management of the Company. Our responsibility is to express an opinion on these Secretarial records based on our audit.

2. We have followed the audit practices and processes as were appropriate to obtain reasonable assurance about the correctness of the contents of the Secretarial records. The verification was done on test check basis to ensure that correct facts are reflected in Secretarial records. We believe that the processes and practices we followed provide a reasonable basis for our opinion.

3. We have not verified the correctness, appropriateness of financial records and books of accounts of the Company.

4. Where ever required, we have obtained the Management Representation about the compliance of laws, rules and regulations and happening of events etc.

5. The compliance of the provisions of corporate and other applicable laws, rules, regulations, standards is the responsibility of the management. Our examination was limited to the verification of procedures on test check basis.

6. The Secretarial audit report is neither an assurance as to the future viability of the Company nor of the efficacy or effectiveness with which the management has conducted the affairs of the Company.

For DSM & Associates, Company Secretaries

CS Sanam Umbargikar Partner M.No.26141. CP No.9394.

Date: 13[th] August, 2021. Place: Mumbai.

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Annual Report 2020-2021

INDEPENDENT AUDITORS’ REPORT

To the Members of

Informed Technologies India Limited Report on the Audit of the Standalone Financial Statements

Opinion

We have audited the standalone financial statements of Informed Technologies India Limited (“the Company”), which comprise the Balance Sheet as at 31 March 2021, and the Statement of Profit and Loss (including other comprehensive income), Statement of Changes in Equity and Statement of Cash Flows for the year then ended, and notes to the standalone financial statements, including a summary of significant accounting policies and other explanatory information (hereinafter referred to as “the standalone financial statements”).

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements give the information required by the Companies Act, 2013 (“the Act”) in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at 31 March 2021, and profit (including other comprehensive income), changes in equity and its cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act. Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Standalone Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the standalone financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the standalone financial statements.

Key Audit Matters

Key audit matters are those matters that in our professional judgement, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

Sr. no	Key Audit Matters	Our Response
1.	Defned beneft obligation The valuation of the retirement beneft scheme in the company is determined with reference to various actuarial assumptions including discount rate, future salary increases, rate of infation mortality rates and attrition rates. Due to the size of these assumptions can have a material impact on the defned beneft obligation	We have examined the key controls over the process involving member data, formulation of assumptions and the fnancial reporting process in arriving at the provision for retirement benefts. We tested the controls for determining the actuarial assumptions and the approval of those assumptions by senior management. We found these controls were designed, implemented and operated effectively, and therefore determined that we could place reliance on these key controls for the purpose of our audit. We tested the employee data used in calculating the obligation and where material, we also considered the treatment of curtailments, settlement, past service costs, remeasurements, benefts paid, and other amendments made to obligations during the year. From the evidence obtained, we found the data and assumptions used by the management in the actuarial valuations for retirement beneft obligations to be appropriate.

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Other Information

The Company’s management and Board of Directors are responsible for the other information. The other information comprises the information included in the Company’s annual report, but does not include the standalone financial statements and our auditors’ report thereon.

Our opinion on the standalone financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the standalone financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the standalone financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Management’s Responsibility for the Standalone Financial Statements

The Company’s management and Board of Directors are responsible for the matters stated in Section 134(5) of the Act with respect to the preparation of these standalone financial statements that give a true and fair view of the state of affairs, profit/(loss) (including other comprehensive income), changes in equity and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Indian Accounting Standards (Ind AS) specified under Section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial statements, management and Board of Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors is also responsible for overseeing the Company’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Standalone Financial Statements

Our objectives are to obtain reasonable assurance about whether the standalone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial statements.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the standalone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to standalone financial statements in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

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Annual Report 2020-2021

Informed Technologies India Limited

• Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the standalone financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the standalone financial statements, including the disclosures, and whether the standalone financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the standalone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditors’ Report) Order, 2016 (“the Order”) issued by the Central Government of India in terms of Section 143(11) of the Act, we give in “Annexure A” a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.

2. (A) As required by Section 143(3) of the Act, we report that:

   • (a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit.

   • (b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books and records.

   • (c) The Standalone Balance Sheet, the Standalone Statement of Profit and Loss (including other comprehensive income), the Standalone Statement of Changes in Equity and the Statement of Cash Flows dealt with by this Report are in agreement with the books of account.

   • (d) In our opinion, the aforesaid standalone financial statements comply with the Ind AS specified under Section 133 of the Act.

   • (e) On the basis of the written representations received from the directors as on 31 March 2021 taken on record by the Board of Directors, none of the directors is disqualified as on 31 March 2021 from being appointed as a director in terms of Section 164(2) of the Act.

   • (f) With respect to the adequacy of the internal financial controls with reference to financial statements of the Company and the operating effectiveness of such controls, refer to our separate Report in “Annexure B”.

3. (B) With respect to the other matters to be included in the Auditors’ Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:

   • i. The Company has disclosed the impact of pending litigations as at 31 March 2021 on its financial position in its standalone financial statements - Refer Note 35 to the standalone financial statements;

   • ii. There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company.

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Annual Report 2020-2021

iii. The Company did not have any long term contracts including derivatives contract for which there were any material foreseeable losses.

• (C) With respect to the matter to be included in the Auditors’ Report under section 197(16):

In our opinion and according to the information and explanations given to us, the remuneration paid by the Company to its directors during the current year is in accordance with the provisions of Section 197 of the Act. The remuneration paid to any director is not in excess of the limit laid down under Section 197 of the Act. The Ministry of Corporate Affairs has not prescribed other details under Section 197(16) which are required to be commented upon by us.

For Parekh Sharma & Associates Chartered Accountants Firm’s Registration No: 129301W

Sujesh Sharma

Mumbai 29[th] June, 2021

Partner Membership No: 118944 UDIN: 21118944AAAAKB5961

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ANNEXURE A

TO THE INDEPENDENT AUDITOR’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021.

With reference to the Annexure A referred to in the Independent Auditors’ Report to the members of the Company on the standalone financial statements for the year ended 31 March 2021, we report the following:

• (i) (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets.

• (b) As explained to us, the fixed assets have been physically verified by the management during the year in accordance with a phased programme of verification which, in our opinion, is reasonable having regards to the size of the company and nature of its fixed assets. The discrepancies noticed on verification between the physical fixed assets and the books records were not material having regard to nature and size of the operations of the company and the same have been properly dealt with in the books of accounts.

• (c) According to the information and explanations given to us and on the basis of our examination of the records of the Company, the title deeds of immovable properties included in fixed assets are held in the name of the current or former name of the company.

• (ii) The nature of the company’s operation during the year does not required it to hold inventories. Accordingly, paragraph 3(ii) of the order is not applicable to the company.

• (iii) According to the information and explanations given to us, the Company has not granted any loans, secured or unsecured to companies, firms, limited liability partnerships or other parties covered in the register maintained under Section 189 of the Act. Accordingly, the provisions of clause 3(iii) (a), (b) and (c) of the Order are not applicable to the Company.

• (iv) In our opinion and according to the information and explanations given to us, the Company has complied with the provisions of Section 186 of the Act, with respect to the loans given, investments made, guarantees and securities given.

• (v) The Company has not accepted any deposits from the public within the meaning of the directives issued by the Reserve Bank of India, provisions of Section 73 to 76 of the Act, any other relevant provisions of the Act and the relevant rules framed thereunder.

• (vi) The Central Government has not prescribed the maintenance of cost records under Section 148 of the Act for any of the services rendered by the Company.

• (vii) (a) According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts deducted / accrued in the books of account in respect of undisputed statutory dues including Provident fund, Employees’ State Insurance, Income-tax, Goods and Services tax, duty of Customs, Cess and other material statutory dues have generally been regularly deposited during the year by the Company with the appropriate authorities.

  • According to the information and explanations given to us, no undisputed amounts payable in respect of Provident fund, Employees’ State Insurance, Income-tax, Goods and Services tax, duty of Customs, Cess and other material statutory dues were in arrears as at 31 March 2021, for a period of more than six months from the date they became payable.

• (b) According to the information and explanations given to us, there are no dues of Income-tax or Sales tax or Service tax or Goods and Services tax or duty of Customs or duty of Excise or Value added tax which have not been deposited by the Company on account of disputes.

• (viii) In our opinion and according to the information and explanations given to us, the Company has not defaulted in the repayment of loans or borrowings to banks. Further the Company does not have any debentures issued/outstanding any time during the year.

• (ix) In our opinion and according to the information and explanations given to us, the Company did not raise any money by way of initial public offer or further public offer (including debt instruments) and term loans during the year. Accordingly, paragraph 3(ix) of the Order is not applicable to the Company.

• (x) To the best of our knowledge and according to the information and explanations given to us, no material fraud by the Company or on the Company by its officers or employees has been noticed or reported during the course of our audit.

• (xi) In our opinion and according to the information and explanations given to us and based on examination of the records of the Company, the Company has paid / provided managerial remuneration in accordance with the requisite approvals mandated by the provisions of Section 197 read with Schedule V to the Act.

• (xii) According to the information and explanations given to us, in our opinion, the Company is not a Nidhi Company as specified in Nidhi Rules 2014. Accordingly, the provisions of clause 3(xii) of the order is not applicable to the company.

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• (xiii) According to the information and explanations given to us and based on our examination of the records of the Company, all transactions with the related parties are in compliance with Sections 177 and 188 of the Act, where applicable, and details of such transactions have been disclosed in the standalone financial statements as required by the applicable accounting standards.

• (xiv) According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year. Accordingly, paragraph 3(xiv) of the Order is not applicable to the Company.

• (xv) According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not entered into non-cash transactions with directors or persons connected with him. Accordingly, paragraph 3(xv) of the Order is not applicable to the Company.

• (xvi) According to the information and explanation given to us, the Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act 1934. Accordingly, paragraph 3(xvi) of the order is not applicable to the company.

For Parekh Sharma & Associates Chartered Accountants Firm’s Registration No: 129301W

Mumbai 29[th] June, 2021

Sujesh Sharma Partner Membership No: 118944 UDIN: 21118944AAAAKB5961

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Annual Report 2020-2021

ANNEXURE B

TO THE INDEPENDENT AUDITOR’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021.

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)

We have audited the internal financial controls with reference to standalone financial statements of Informed Technologies India Limited (“the Company”) as of 31 March 2021 in conjunction with our audit of the standalone financial statements of the Company for the year ended on that date.

Opinion

In our opinion, the Company has, in all material respects, an adequate internal financial controls system with reference to financial statements and such internal financial controls with reference to standalone financial statements were operating effectively as at 31[st] March 2021, based on the internal control with reference to financial statements criteria established by the company considering the essential components of internal control stated in the Guidance Note issued by the ICAI.

Management’s Responsibility for Internal Financial Controls

The Company’s management is responsible for establishing and maintaining internal financial controls based on the internal control with reference to financial statements criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the “Guidance Note”) issued by the Institute of Chartered Accountants of India (“ICAI”). These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to the Company’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Act.

Auditor’s Responsibility

Our responsibility is to express an opinion on the Company’s internal financial controls with reference to financial statements based on our audit. We conducted our audit in accordance with the Guidance Note and the Standards on Auditing, issued by ICAI and deemed to be prescribed under Section 143(10) of the Act, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by ICAI. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls with reference to financial statements was established and maintained and if such controls operated effectively in all material respects.

Because of the matter described in Disclaimer of opinion paragraph below, we were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on internal financial controls system over financial reporting of the company.

Meaning of Internal Financial Controls with reference to Financial Statements

A company’s internal financial control with reference to financial statements is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal financial control with reference to financial statements includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financials Controls with reference to Financials Statements

Because of the inherent limitations of internal financial controls with reference to financial statements, including the possibility of collusion or improper management override of controls, misstatement due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls with reference to financial statements may become inadequate because of changes in the conditions or that the degree of compliance with the policies or procedures may deteriorate.

For Parekh Sharma & Associates Chartered Accountants Firm’s Registration No: 129301W

Sujesh Sharma

Mumbai Partner 29[th] June, 2021 Membership No: 118944 UDIN: 21118944AAAAKB5961

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Informed Technologies India Limited

Annual Report 2020-2021

BALANCE SHEET AS AT 31[ST] MARCH, 2021

		Amount in Rs.
Particulars Note No.	As at 31st March, 2021	As at 31st March, 2020
ASSETS Non-current assets Property, plant and equipment 2 Investment property 3 Other intangible assets 4 Intangible assets under development 5 Financial assets Investments 6 Non-current tax assets (Net) 7 Deferred tax assets (Net) 8 Other non-current assets 9 Current assets Financial assets Investments 10 Trade receivables 11 Cash and cash equivalents 12 Bank balance other than mentioned in cash and cash equivalents 13 Other current assets 14 TOTAL ASSETS EQUITY AND LIABILITIES Equity Equity share capital 15 Other equity 16 Total Equity Liabilities Non-current liabilities Financial liabilities Borrowings 17 Provisions 18 Deferred tax liabilities (Net) 19 Other non-current liabilities 20 Total non-current liabilities Current liabilities Financial liabilities Borrowings 21 Trade payables 22 Total outstanding dues of micro and small enterprises and Total outstanding due of creditors other than micro and small enterprises Other current liabilities 23 Total current liabilities TOTAL EQUITY AND LIABILITIES	2,86,72,698 21,73,486 45,543 - 3,56,09,306 21,24,761 25,87,974 9,70,781 7,21,84,549 6,10,64,805 29,97,228 49,13,398 6,49,713 30,26,796 7,26,51,940 14,48,36,489 4,16,91,000 9,54,77,485 13,71,68,485 20,34,752 23,35,449 - - 43,70,201 10,24,882 - 7,07,039 15,65,882 32,97,803 76,68,004 14,48,36,489	3,10,46,969 22,82,142 45,543 18,14,238 3,51,08,228 37,37,990 40,29,451 9,70,780
		7,90,35,341
		4,13,22,786 19,77,449 32,84,305 8,51,831 45,68,202
		5,20,04,573
		13,10,39,914
		4,16,91,000 7,71,55,186
		11,88,46,186
		30,59,634 24,63,940 - 8,97,381
		64,20,955
		11,50,433 - 10,28,177 35,94,163
		57,72,773
		1,21,93,728
		13,10,39,914

1 Significant accounting policies The accompanying notes are an integral part of these standalone financial statements

As per our report of even date attached For and on behalf of the Board of Directors For Parekh Sharma & Associates Chartered Accountants Suelve Khandelwal Nimis Sheth Firm's Regn. No. 129301W Executive Director Director (DIN: 00270811) (DIN: 00482739) Sujesh Sharma Roshan Dsouza Reena Yadav Partner Chief Financial Officer Company Secretary M. No.:118944 (ICSI Reg. No. A36429) Place: Mumbai Place: Mumbai Date: 29[th] June, 2021 Date: 29[th] June, 2021

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Informed Technologies India Limited

Annual Report 2020-2021

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31[ST] MARCH, 2021

		Amount in Rs.
Particulars Note No.	As at 31st March, 2021	As at 31st March, 2020
I Revenue from operations 24 2,56,15,962 II Other income 25 2,40,39,797 III Total income ( I + II ) 4,96,55,759 IV Expenses Employee benefts expenses 26 1,48,03,098 Finance costs 27 4,14,609 Depreciation and amortization expenses 2 - 4 28,68,423 Other expenses 28 1,03,10,466 Total expenses 2,83,96,596 V Proft before exceptional items and tax (III-IV) 2,12,59,163 VI Exceptional items - VII Proft/(Loss) before tax (V-VI) 2,12,59,163 VIII Tax expense 29 Current tax expense for current year 6,25,998 Current tax expense pertaining to earlier tax period 10,06,329 Minimum alternate tax credit - Deferred tax 14,41,477 IX Proft/(Loss) for the year (VII-VIII) 1,81,85,359 X Other comprehensive income 30 (i) Items that will not be reclassifed to statement of proft and loss Re-measurement gains/(losses) on defned beneft plans (3,64,137) Fair value gains/ (losses) on equity instruments 5,01,078 (ii) Items that will be reclassifed to statement of proft and loss Debt instruments through other comprehensive income - Total Other Comprehensive Income 1,36,941 XI Total Comprehensive Income for the year (IX+X) 1,83,22,300 (Comprising proft and other comprehensive income for the year) Earnings per equity share 31 Basic (in Rs) 4.36 Diluted (in Rs) 4.36 Signifcant accounting policies 1 The accompanying notes are an integral part of these standalone fnancial statements		1,89,41,498 (9,05,304)
		1,80,36,194
		1,75,28,049 7,53,520 28,04,355 1,57,60,231
		3,68,46,155
		(1,88,09,961) -
		(1,88,09,961) - - - (60,79,469)
		(1,27,30,492)
		(8,98,757) (20,41,689) -
		(29,40,446)
		(1,56,70,938)
		(3.05) (3.05)
As per our report of even date attached For and on behalf of the Board of Directors For Parekh Sharma & Associates Chartered Accountants Suelve Khandelwal Nimis Sheth Firm's Regn. No. 129301W Executive Director Director (DIN: 00270811) (DIN: 00482739) Sujesh Sharma Roshan Dsouza Reena Yadav Partner Chief Financial Offcer Company Secretary M. No.:118944 (ICSI Reg. No. A36429) Place: Mumbai Place: Mumbai Date: 29th June, 2021 Date: 29th June, 2021

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Informed Technologies India Limited

Annual Report 2020-2021

Informed Technologies India Limited Annual Report 2020-2021	Informed Technologies India Limited Annual Report 2020-2021	Informed Technologies India Limited Annual Report 2020-2021
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2021 Amountin Rs.
Particulars	As at 31st March, 2021	As at 31st March, 2020
A. Cash fows from operating activities: Net proft / (loss) before exceptional items & tax Adjustments for: Depreciation and amortization Finance cost Unrealised gain on investments measured at FVTOCI (net) Re-measurement gains/(losses) on defned beneft plans Proft on sale of investments Unrealised gain/ loss from investments Interest income Dividend income Proft on sale of fxed Assets Capital WIP Written off Income from investment assets Operational proft before working capital changes Adjustments for changes in working capital : Trade receivables Other current assets Trade payables Other current liabilities Cash from/ (used) in operating activities Direct taxes paid, net Net cash from/ (used) in operating activities B. Cash fow from investing activities Sale/(Purchase) of property, plant and equipment Proceeds of (purchase) / sale of investments Income from investment assets Dividend received Interest received Proceeds / (repayment) of loans and deposits Net cash from/ (used) in investing activities C. Cash fow from fnancing activities Proceeds/(repayment) of non-current borrowings Proceeds / (repayment) of current borrowings Dividend paid Finance cost Net cash generated from fnancing activities D. Net cash fows during the year (A+B+C) E. Cash and cash equivalents at the beginning F. Cash and cash equivalents at the end (D+E)	2,12,59,163 28,68,423 4,14,609 5,01,078 (3,64,137) (60,69,743) (1,80,48,755) (53,799) (2,93,746) (94,950) 18,14,238 (13,00,000) 6,32,381 (10,19,779) 15,41,406 (3,21,141) (17,52,536) (9,19,669) (19,098) (9,38,767) (2,90,544) 38,75,401 13,00,000 2,93,746 53,799 (8,97,382) 43,35,020 (10,24,882) (1,25,551) (2,02,118) (4,14,609) (17,67,160) 16,29,093 32,84,305 49,13,398	(1,88,09,961) 28,04,355 7,53,520 (20,41,689) (8,98,757) 81,191 1,58,38,260 (36,164) (6,68,284) - - (1,44,91,521)
		(1,74,69,050) 16,85,310 (7,24,218) 1,99,174 29,90,804
		(1,33,17,980) (12,53,709)
		(1,45,71,689)
		(70,53,424) 1,29,33,816 1,44,91,521 6,68,284 36,164 (51,87,060)
		1,58,89,300
		15,94,804 4,43,867 (1,78,559) (7,53,520)
		11,06,592
		24,24,203 8,60,102 32,84,305
G. Cash and cash equivalents comprise of: Cash on hand Cheques on hand Balances with banks Cash and cash equivalents at the end	25,493 48,87,906 49,13,398	24,568 32,59,737
		32,84,305

As per our report of even date attached For and on behalf of the Board of Directors For Parekh Sharma & Associates Chartered Accountants Suelve Khandelwal Nimis Sheth Firm's Regn. No. 129301W Executive Director Director (DIN: 00270811) (DIN: 00482739) Sujesh Sharma Roshan Dsouza Reena Yadav Partner Chief Financial Officer Company Secretary M. No.:118944 (ICSI Reg. No. A36429) Place: Mumbai Place: Mumbai Date: 29[th] June, 2021 Date: 29[th] June, 2021

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Informed Technologies India Limited

Annual Report 2020-2021

Informed Technologies India Limited Annual Report 2020-2021	Informed Technologies India Limited Annual Report 2020-2021	Informed Technologies India Limited Annual Report 2020-2021
STATEMENT OF CHANGE IN EQUITY FOR THE YEAR ENDED 31ST MARCH, 2021 Equity Amount in Rs.
Particulars	As at 1st April, 2019 Change in Equity share capital during the year	As at 31st March, 2020 Change in Equity share capital during the year As at 31st March, 2021
Equity share capital Other equity	4,16,91,000 -	4,16,91,000 - 4,16,91,000 Amount in Rs.
Particulars	Reserves and surplus	Items of other comprehensive income Total Items that will not be reclassifed toproft and loss Equity instruments Other items
	General reserve Retained earnings
Balance as at 1st April, 2019 Proft for the year Proposed dividend on equity shares Tax paid thereon Transfer to retained earnings "Re-measurement of gain/ (loss) on defned beneft plans (net of tax)" Fair value gain/(loss) of equity instruments through other comprehensive income (net of tax) Balance as at 31st March 2020 Proft for the year Proposed dividend on equity shares Tax paid thereon Transfer to retained earnings "Re-measurement of gain/ (loss) on defned beneft plans (net of tax)" Fair value gain/(loss) of equity instruments through other comprehensive income (net of tax) Balance as at 31st March 2021	11,04,07,865 (1,26,65,918)	(48,23,971) (91,854) 9,28,26,124
	- (1,27,30,492) - - - - - - - - - -	- - (1,27,30,492) - - - - - - - - - - (8,98,757) (8,98,757) (20,41,689) - (20,41,689)
	11,04,07,865 (2,53,96,410)	(68,65,660) (9,90,611) 7,71,55,186
	- 1,81,85,359 - - - - - - - - - -	- - 1,81,85,359 - - - - - - - - - - (3,64,137) (3,64,137) 5,01,078 - 5,01,078
	11,04,07,865 (72,11,051)	(63,64,582) (13,54,748) 9,54,77,485

As per our report of even date attached For and on behalf of the Board of Directors For Parekh Sharma & Associates Chartered Accountants Suelve Khandelwal Nimis Sheth Firm's Regn. No. 129301W Executive Director Director (DIN: 00270811) (DIN: 00482739) Sujesh Sharma Roshan Dsouza Reena Yadav Partner Chief Financial Officer Company Secretary M. No.:118944 (ICSI Reg. No. A36429) Place: Mumbai Place: Mumbai Date: 29[th] June, 2021 Date: 29[th] June, 2021

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Informed Technologies India Limited

Annual Report 2020-2021

Note - 1

Significant Accounting Policies

1. Corporate Information

Informed Technologies India Limited (‘ITIL’ ‘The Company’) is a limited Company incorporated and domiciled in India. The Company is a public limited company and its equity shares are listed with Bombay Stock Exchange (“BSE”) in India.

The registered office of the Company is situated at 20[th] Floor, Nirmal Building, Nariman Point, Mumbai– 400021.

2. Statement of Compliance

These standalone financial statements are prepared and presented in accordance with the Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standard) Rules, 2015 as amended by the Companies (Indian Accounting Standard) Rules, 2017 notified under section 133 of the Companies Act, 2013, the relevant provisions of the Companies Act, 2013 and the guidelines issued by the Securities and Exchange Board of India (SEBI), as applicable.

3. Basis of Preparation

The standalone financial statements of the Company have been prepared and presented on the going concern basis and at historical cost except for the following assets and liabilities which have been measure at fair value.

• Certain financial assets and liabilities at fair value (refer accounting policy regarding financial instruments)

• Employee’s Defined Benefit Plan as per actuarial valuation

4. Functional and Presentation Currency

The standalone financial statements are presented in Indian Rupees, which is the functional currency of the Company and the currency of the primary economic environment in which the Company operates.

5. Use of Estimates

The preparation of standalone financial statements in conformity with the Indian Accounting Standards requires judgments, estimates and assumptions to be made that affect the reported amount of assets and liabilities, disclosures of contingent liabilities on the date of the standalone financial statements and the reported amount of revenues and expenses during the reporting period. Difference between the actual results and estimates are recognized in the period in which the results are known/ materialized.

6. Classification of Assets and Liabilities as Current and Non-Current

All assets and liabilities are classified as current and non-current as per the Company’s normal operating cycle, and other criteria set out in Schedule III of the Companies Act, 2013. Based on the nature of products and the time lag between the acquisition of assets for processing and their realization in cash and cash equivalents, 12 months period has been considered by the Company as its normal operating cycle.

7. Overall Consideration

The standalone financial statements have been prepared applying the significant accounting policies and measurement bases summarized below.

8. Revenue Recognition

Sale of services

Sale of services are recognized on satisfaction of performance obligation towards rendering of such services.

Dividend, Interest and Rental Income

Dividend from investments are recognized in profit or loss when the right to receive payment is established.

Interest income from a financial asset is recognized when it is probable that the economic benefits will flow to the Company and the amount of income can be measured reliably.

Rental income is recognized in accordance with terms of lease.

9. Property Plant and Equipment

Property, plant and equipment are stated at acquisition or construction cost less accumulated depreciation and impairment loss. Cost comprises the purchase price and any attributable cost of bringing the assets to its location and working condition for its intended use, including relevant borrowing costs and any expected costs of decommissioning.

If significant parts of an item of PPE have different useful lives, then they are accounted for as separate items (major components) of PPE.

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Informed Technologies India Limited

Annual Report 2020-2021

The cost of an item of PPE is recognized as an assets if, and only if, it is probable that the economic benefits associated with the item will flow to the Company in future periods and the item can be measured reliably. However, cost of excludes indirect taxes to the extent credit of the duty or tax is availed off.

Items such as spare parts, standby equipment and servicing equipment are recognized as PPE when it is held for use in production or supply of goods or services, or for administrative purpose, and are expected to be used for more than one year. Otherwise such items are classified as inventory.

An item of PPE is de-recognized upon disposal or when no future economic benefits are expected to arise from the continued use of assets. Any gain or loss arising on the disposal or retirement of an item of PPE, is determined as the difference between the sales proceeds and the carrying amount of the assets and is recognized in the Standalone Statement of Profit and Loss.

Capital Advance given towards acquisition or construction of PPE outstanding at each reporting date are disclosed as Capital Advances under Other Non-current Assets.

Expenditure incurred after the PPE have been put into operations, such as repairs and maintenance expenses are charged

to the Standalone Statement of Profit and Loss during the period in which they are incurred.

10. Depreciation and Amortization

Depreciation on tangible assets is provided on Straight Line Method and based on useful life of the assets as prescribed in Schedule II to the Companies Act, 2013, except in respect of the following assets, where the useful life is exceeding those prescribed in Schedule II based on the Chartered Engineer’s Valuation Certificate namely:

Description	Range of Useful lives in years
Furniture	1 – 9 years
Electrical Installation	2years

Depreciation on assets purchased / sold during the period is proportionately charged. The residual value for all the above assets are retained at 5% of the cost. Residual values and useful lives are reviewed and adjusted, if appropriate, for each reporting period.

11. Intangible Assets

Intangible assets are stated at Cost of acquisition, less accumulated amortization/depletion and accumulated impairment losses, if any, are amortized over a period of 6 years or license period, whichever is lower.

Expenditure incurred on development is capitalized if such expenditure leads to creation of any intangible assets, otherwise, such expenditure is charged to the Standalone Statement of Profit and Loss.

12. Investment Property

Investment properties are recognized initially at cost. Subsequent to initial recognition, investment properties are stated at cost less accumulated depreciation. The Company has depreciated assets based on Straight line method as per Schedule II to the Companies Act, 2013.

13. Impairment of Assets

At end of each reporting period, the Company reviews the carrying amounts of non-financial assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the assets is estimated to be less than its carrying amount, the carrying amount of the assets is reduced to its recoverable amount. An Impairment loss is recognised immediately in the Standalone Statement of Profit and Loss.

14. Cash and Cash equivalents and Cash Flow Statement

Cash and cash equivalents comprise cash on hand and demand deposits, together with other short-term, highly liquid investments maturing within three months from the date of acquisition and which are readily convertible into cash and which are subject to only an insignificant risk of changes in value.

Cash flows are reported using the indirect method, whereby Profit or Loss before tax is appropriately classified for the effects of transactions of non-cash nature and any deferrals or accruals of past or future receipts or payments. In the cash flow statement, cash and cash equivalents include cash in hand, cheques on hand, balances with banks in current accounts, EEFC accounts and other short- term highly liquid investments with original maturities of three months or less.

15. Segment reporting

The Company is principally engaged in the business of Business process outsourcing which is the only operating reportable segment as per Ind AS 108.

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Informed Technologies India Limited

Annual Report 2020-2021

16. Borrowing costs

Borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset are capitalized during the period of time that is necessary to complete and prepare the asset for its intended use or sale. Other borrowing costs are expensed in the period in which they are incurred under finance costs. Borrowing cost also includes exchange differences to the extent regarded as an adjustment to interest costs.

17. Foreign Exchange Transactions

Transactions denominated in foreign currencies are recorded at the exchange rate prevailing on the date of the transaction. At end of each reporting period, monetary assets and liabilities denominated in foreign currencies are translated at the exchange rates prevailing on that date. Non-monetary items that are measured in terms of historical cost in a foreign currency, are not retranslated. Exchange difference on monetary items are recognised in the Standalone Statement of Profit and Loss in the period in which these arise.

18. Income Taxes

Tax expense recognized in the Standalone Statement of Profit and Loss comprises the sum of deferred tax and current tax not recognized in other comprehensive income or directly in equity.

Calculation of current tax is based on tax rates in accordance with tax laws that have been enacted or substantively enacted by the end of the reporting period.

Deferred income taxes are calculated using the ‘Balance Sheet approach on temporary differences between the carrying amounts of assets and liabilities in standalone financial statements and the amount used for taxation purposes.

Deferred taxes pertaining to items recognized in other comprehensive income (OCI) are disclosed under OCI.

Deferred tax assets are recognized to the extent that it is probable that the underlying tax loss or deductible temporary difference will be utilized against future tax liability. This is assessed based on the Company’s forecast of future earnings, excluding non-taxable income and expenses and specific limits on the use of any unused tax loss or credit.

Deferred tax liabilities are generally recognized in full, although Ind AS 12 ‘Income Taxes’ specifies some exemptions.

Minimum Alternate Tax (MAT) Credit are in the form of unused tax credits that are carried forward by the Company for specified period of time, hence, it is presented as Deferred Tax Assets.

19. Employee Benefits

Short-term obligations:

Short term obligations are those that are expected to be settled fully within 12 months after the end of the reporting period. They are recognised up to the end of the reporting period at the amounts expected to be paid at the time of settlement.

Other Long-term obligations:

The liabilities for earned leave are not expected to be settled wholly within 12 months after end of the period in which the employees render the related service.

Long-term compensated absences are provided for on the basis of an actuarial valuation at the end of each financial year. Actuarial gains / losses, if any, are recognised immediately in Standalone Statement of Profit and Loss.

Defined Contribution Plans:

Contribution payable to recognised provident funds, which are substantially defined contribution plans, is recognised as expense in the Standalone Statement of Profit and Loss, as they are incurred.

Defined Benefit Plan:

The obligation in respect of defined benefit plan, which covers Gratuity, is provided for on the basis of an actuarial valuation at the end of each financial year. Gratuity is funded with an approved trust maintained by LIC.

Re-measurement, comprising actuarial gains and losses, the effect of the changes to the asset ceiling (if applicable) and the return on plan assets (excluding net interest), is reflected immediately in the Balance Sheet with a charge or credit recognised in other comprehensive income in the period in which they occur. Re-measurement recognised in other comprehensive income is reflected immediately in OCI Reserve and will not be reclassified to Standalone Statement of Profit and Loss.

Bonus Payable:

The Company recognized a liability and an expense for bonus. The Company recognised a provision where contractually obliged or where there is a past practice that has created a constructive obligation.

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Informed Technologies India Limited

Annual Report 2020-2021

20. Lease

The Company, at the inception of a contract, assesses whether the contract is a lease or not lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a time in exchange for a consideration. This policy has been applied to contracts existing and entered into on or after April 1, 2019 as per Ind As 116.

The Company recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.

The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term.

The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the Company’s incremental borrowing rate. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Company’s estimate of the amount expected to be payable under a residual value guarantee, or if the Company changes its assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.

The Company has elected not to recognise right-of-use assets and lease liabilities for short-term leases that have a lease term of 12 months or less and leases of low-value assets. The Company recognises the lease payments associated with these leases as an expense over the lease term.

In the comparative period, leases under which the Company assumes substantially all the risks and rewards of ownership are classified as finance leases. When acquired, such assets are capitalized at fair value or present value of the minimum lease payments at the inception of the lease, whichever is lower. Lease payments and receipts under operating leases are recognised as an expense and income respectively, on a straight line basis in the Standalone Statement of Profit and loss over the lease term except where the lease payments are structured to increase in line with expected general inflation.

In accordance with the standard the company has elected not to apply the requirements of Ind AS 116 to short term leases

less than 12 months.

21. Trade receivable

Trade receivables are amounts due from customers for goods sold or services performed in the ordinary course of business. If the receivable is expected to be collected within a period of 12 months or less from the reporting date (or in the normal operating cycle of the business, if longer), they are classified as current assets otherwise as non-current assets.

Trade receivables are measured at their transaction price unless it contains a significant financing component or pricing adjustments embedded in the contract.

22. Financial Instruments

Initial Recognition and Measurement:

Financial assets (other than trade receivables) and financial liabilities are recognized when the Company becomes a party to the contractual provisions of the financial instrument and are measured initially at fair value adjusted for transaction costs, except for those carried at fair value through Standalone Statement of Profit and Loss which are measured initially at fair value.

Trade receivables are recognised at their transaction value as the same do not contain significant financing component.

Trade payable is in respect of the amount due on account of goods purchased in the normal course of business are recognised at their transaction value as the same do not contain significant financing component.

• (I) Financial Assets:

Classification and Subsequent Measurement:

The Company classifies financial assets as subsequently measured at amortised cost, fair value through other comprehensive income (FVTOCI) or fair value through profit or loss (FVTPL) on the basis of both

• (a) Business model for managing the financial assets, and

• (b) The contractual cash flow characteristics of the financial asset

• A Financial Asset is measured at amortised cost if both of the following conditions are met:

• (i) the financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows, and

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Informed Technologies India Limited

Annual Report 2020-2021

• (ii) the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

• A financial asset is measured at fair value through Other Comprehensive Income (FVTOCI) if both of the following conditions are met:

• (i) the financial asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and

• (ii) the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

A Financial Asset shall be classified and measured at fair value through profit or loss (FVTPL) unless it is measured at amortised cost or at fair value through OCI.

All recognized financial assets are subsequently measured in their entirety at either amortised cost or fair value, depending on the classification of the financial assets.

Equity Investments:

Equity investments in Associates are out of scope of Ind AS 109 and hence, the Company has accounted for its investment in Associates at cost. All other equity investments are measured at fair value.

Equity instruments, which are held for trading are classified as at FVTPL. For equity instruments other than held for trading, the company has exercised irrevocable option to recognise in other comprehensive income subsequent changes in the fair value.

Derecognition of financial assets:

The Company derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party. If the Company neither transfers nor retains substantially all the risks and rewards of ownership and continues to control the transferred asset, the Company recognises its retained interest in the asset and an associated liability for amounts it may have to pay. If the Company retains substantially all the risks and rewards of ownership of a transferred financial asset, the Company continues to recognise the financial asset and also recognises an associated liability.

On derecognition of a financial asset, the difference between the asset’s carrying amount and the sum of the consideration received and receivable and the cumulative gain or loss that had been recognised in other comprehensive income and accumulated in equity is recognised in the Standalone Statement of Profit and loss or transfer to retained earnings, as the case may be.

(II) Financial Liabilities and Equity Instruments

Classification as Debt or Equity:

Debt and equity instruments issued by the Company are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangements and the definitions of a financial liability and an equity instrument.

Equity instruments:

An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recognised at the proceeds received, net of direct issue costs.

Financial liabilities:

• Financial liabilities are classified, at initial recognition:

• At fair value through Standalone Statement of Profit and Loss,

• Loans and borrowings, payables, or

• As derivatives designated as hedging instruments in an effective hedge, as appropriate.

All financial liabilities are recognised initially at fair value and in the case of loans and borrowings and payables, they are recognised net of directly attributable transaction costs.

The Company’s financial liabilities include trade and other payables, loans and borrowings, including bank overdrafts, financial guarantee contracts and derivative financial instruments.

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Informed Technologies India Limited

Annual Report 2020-2021

Subsequent Measurement:

The measurement of financial liabilities depends on their classification, as described below:

Financial Liabilities at FVTPL:

Financial liabilities at FVTPL include financial liabilities held for trading and financial liabilities designated upon initial recognition as at FVTPL. Financial liabilities are classified as held for trading, if they are incurred for the purpose of repurchasing in the near term. This category also includes derivative financial instruments entered into by the company that are not designated as hedging instruments in hedge relationships as defined by Ind AS 109. Separated embedded derivatives are also classified as held for trading unless they are designated as effective hedging instruments.

Gains or losses on liabilities held for trading are recognised in the Standalone Statement of Profit and loss.

Financial liabilities designated upon initial recognition at FVTPL are designated as such at the initial date of recognition, and only if the criteria in Ind AS 109 are satisfied.

Loans and Borrowings:

After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the Effective Interest Rate (EIR) method. Gains and losses are recognised in the Standalone Statement of Profit and Loss when the liabilities are derecognised as well as through the EIR amortisation process.

Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortisation is included as finance costs in the Standalone Statement of Profit and Loss.

Derecognition of Financial Liabilities:

The Company de-recognises financial liabilities when and only when, the Company’s obligations are discharged, cancelled or have expired. The difference between the carrying amount of the financial liability de-recognised and the consideration paid and payable is recognised in the Standalone Statement of Profit and loss or transfer to retained earnings, as the case may be.

23. Provisions and contingent liabilities

Provisions:

A Provision is recorded when the Company has a present obligation (legal or constructive)as a result of past events, it is probable that an outflow of resources will be required to settle the obligation and the amount can be reasonably estimated.

Contingent liabilities:

Whenever there is possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity or a present obligation that arises from past events but is not recognised because (a) it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or (b) the amount of the obligation cannot be measured with sufficient reliability are considered as contingent liability.

Show cause notices are not considered as Contingent Liabilities unless converted into demand.

Contingent Assets:

Contingent assets are not recognised in the standalone financial statements since this may result in recognition of income that may never be realized. However, when the realization of income is virtually certain, then the related assets is not a contingent assets and is recognised.

24. Investment in Associates

The investments in associates are carried in these standalone financial statements at historical cost except when the investment, or a portion thereof, is classified as held for sale, in which case it is accounted for as Non-current assets held for sale and discontinued operations.

When the Company is committed to a sale plan involving disposal of an investment, or a portion of an investment in an associate the investment or the portion of the investment that will be disposed of is classified as held for sale when the criteria described above are met.

Any retained portion of an investment in an associate that has not been classified as held for sale continues to be accounted for at historical cost. Upon loss of significant influence over the associate the Company measures and recognises any retained investment at its fair value. Any difference between the carrying amount of the associate and the fair value of retained investment and proceeds from disposal is recognised in Standalone Statement of Profit and Loss.

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Informed Technologies India Limited

Annual Report 2020-2021

25. Cash Dividend to Equity Holders of the Company

The Company recognises a liability to make cash distributions to equity holders of the Company when the distribution is authorised and the distribution is no longer at the discretion of the Company. As per the corporate laws in India, a distribution is authorised when it is approved by the shareholders. A corresponding amount is recognised directly in equity.

26. Earnings per share

Basic earnings per share are calculated by dividing the Net Profit or Loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period.

For the purpose of calculating diluted earnings per share, the Net Profit or Loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period are considered for the effects of all dilutive potential equity shares.

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Note - 2

Property, plant and equipment F.Y.2020-21

F.Y.2020-21
Sr. No. Particulars	GROSS BLOCK ACCUMULATED DEPRECIATION NET BLOCK
	As at 1st April, 2020 Additions Disposals /De- recognition during the year As at 31st March, 2021 As at 1st April, 2020 Additions Disposals /De- recognition during the year As at 31st March, 2021 As at 31st March, 2021 As at 31st March, 2020
	Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
(a) Land : (a) Buildings : Buildings freehold Buildings leasehold (b) Plant and equipment (c’) Furniture and fxtures (d) Vehicles (e’) Offce equipment (f) Computers (g) Electrical installation Total F.Y.2019-20*	1,96,46,326 - - 1,96,46,326 70,56,699 3,32,000 - 73,88,699 1,22,57,626 1,25,89,627 85,37,100 - - 85,37,100 20,18,756 1,34,301 - 21,53,057 63,84,043 65,18,344 - - - - - - - - - - 37,35,003 - - 37,35,003 21,85,308 1,66,617 - 23,51,925 13,83,078 15,49,695 1,47,09,351 - 23,01,007 1,24,08,344 67,41,952 14,12,424 21,85,957 59,68,419 64,39,925 79,67,399 35,14,102 3,17,844 - 38,31,946 24,62,292 2,90,912 - 27,53,204 10,78,742 10,51,810 32,55,361 1,82,700 - 34,38,061 23,20,497 3,61,168 - 26,81,665 7,56,397 9,34,864 14,85,347 - - 14,85,347 10,50,115 62,344 - 11,12,459 3,72,888 4,35,232
	5,48,82,590 5,00,544 23,01,007 5,30,82,128 2,38,35,619 27,59,767 21,85,957 2,44,09,429 2,86,72,698 3,10,46,971
Sr. No. Particulars	GROSS BLOCK ACCUMULATED DEPRECIATION NET BLOCK
	As at 1st April, 2019 Additions Disposals /De- recognition during the year As at 31st March, 2020 As at 1st April, 2019 Additions Disposals /De- recognition during the year As at 31st March, 2020 As at 31st March, 2020 As at 31st March, 2019
	Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
(a) Buildings : Buildings freehold Buildings leasehold (b) Plant and equipment (c') Furniture and fxtures (d) Vehicles (e') Offce equipment (f) Computers (g) Electrical installation Total*	1,96,46,326 - - 1,96,46,326 67,24,699 3,32,000 - 70,56,699 1,25,89,627 1,29,21,627 85,37,100 - - 85,37,100 18,84,455 1,34,301 - 20,18,756 65,18,344 66,52,645 - - - - - - - - - 25,44,926 11,90,078 - 37,35,004 21,07,757 77,552 - 21,85,309 15,49,695 4,37,169 1,03,66,555 43,42,796 - 1,47,09,351 51,49,614 15,92,338 - 67,41,952 79,67,399 52,16,941 28,70,385 6,43,717 - 35,14,102 21,44,034 3,18,260 - 24,62,294 10,51,808 7,26,351 23,78,528 8,76,833 - 32,55,361 21,53,961 1,66,536 - 23,20,497 9,34,864 2,24,567 14,85,347 - - 14,85,347 9,87,800 62,315 - 10,50,115 4,35,232 4,97,547
	4,78,29,167 70,53,424 - 5,48,82,591 2,11,52,320 26,83,302 - 2,38,35,622 3,10,46,969 2,66,76,847

• Vehicles acquired under finance lease is recognized under PPE as substantially all the significant risk and rewards incidental to ownership of vehicles under lease have been transferred to the Company.

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Note - 3 Investment Property

F.Y.2020-21

F.Y.2020-21
Sr. No. Particulars	GROSS BLOCK ACCUMULATED DEPRECIATION NET BLOCK
	As at 1st April, 2020 Additions Disposals /De- recognition during the year As at 31st March, 2021 As at 1st April, 2020 Additions Disposals /De- recognition during the year As at 31st March, 2021 As at 31st March, 2021 As at 31st March, 2020
	Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
(a) Buildings : Offce Premises- freehold Total F.Y.2019-20	43,53,726 - - 43,53,726 20,71,584 1,08,656 - 21,80,240 21,73,486 22,82,142
	43,53,726 - - 43,53,726 20,71,584 1,08,656 - 21,80,240 21,73,486 22,82,142
Sr. No. Particulars	GROSS BLOCK ACCUMULATED DEPRECIATION NET BLOCK
	As at 1st April, 2019 Additions Disposals /De- recognition during the year As at 31st March, 2020 As at 1st April, 2019 Additions Disposals /De- recognition during the year As at 31st March, 2020 As at 31st March, 2020 As at 31st March, 2019
	Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
(a) Buildings : Offce Premises- freehold 43,53,726 - - 43,53,726 19,62,928 1,08,656 - 20,71,584 22,82,142 23,90,798 Total 43,53,726 - - 43,53,726 19,62,928 1,08,656 - 20,71,584 22,82,142 23,90,798 (a) Information regarding income and expenditure of investment property: Particulars As at 31st March, 2021 (Rs.) As at 31st March, 2020 (Rs.) I Rental income from investment property 13,00,000 1,41,71,600 II Direct expenses: Contribute to rental income (including R&M) - - III Proft before depreciation and indirect expenses (I - II) 13,00,000 1,41,71,600 IV Depreciation 1,08,656 1,08,656 V Proft before indirect expenses 11,91,344 1,40,62,944	43,53,726 - - 43,53,726 19,62,928 1,08,656 - 20,71,584 22,82,142 23,90,798
	43,53,726 - - 43,53,726 19,62,928 1,08,656 - 20,71,584 22,82,142 23,90,798
		As at 31st March, 2020 (Rs.)
		1,41,71,600 - 1,41,71,600
		1,08,656
		1,40,62,944

(b) The fair value of the Company’s Investments properties as at March 31, 2021 have been arrived at on the basis of valuation carried out as at the respective dates by management based on ready reckoner valuation published by local goverment with the authority which governs the valuer in India.

Particulars	As at	As at
	31st March, 2021	31st March, 2020
	(Rs.)	(Rs.)
Fair value of investment properties
Offce premises	18,91,96,000	18,91,96,000

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Note - 4 Other intangible assets

F.Y.2020-21

F.Y.2020-21
Sr. No. Particulars	GROSS BLOCK ACCUMULATED DEPRECIATION NET BLOCK
	As at 1st April, 2020 Additions Disposals /De- recognition during the year As at 31st March, 2021 As at 1st April, 2020 Additions Disposals /De- recognition during the year As at 31st March, 2021 As at 31st March, 2021 As at 31st March, 2020
	Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
(a) Computer software Total F.Y.2019-20	9,61,729 - - 9,61,729 9,16,186 - - 9,16,186 45,543 45,543
	9,61,729 - - 9,61,729 9,16,186 - - 9,16,186 45,543 45,543
Sr. No. Particulars	GROSS BLOCK ACCUMULATED DEPRECIATION NET BLOCK
	As at 1st April, 2019 Additions Disposals /De- recognition during the year As at 31st March, 2020 As at 1st April, 2019 Additions Disposals /De- recognition during the year As at 31st March, 2020 As at 31st March, 2020 As at 31st March, 2019
	Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
(a) Computer software Total	9,61,729 - - 9,61,729 9,03,789 12,397 - 9,16,186 45,543 57,940
	9,61,729 - - 9,61,729 9,03,789 12,397 - 9,16,186 45,543 57,940

Note - 5

Intangible assets under development

F.Y.2020-21

F.Y.2020-21
Sr. No. Particulars	GROSS BLOCK ACCUMULATED DEPRECIATION NET BLOCK
	As at 1st April, 2020 Additions Disposals /De- recognition during the year As at 31st March, 2021 As at 1st April, 2020 Additions Disposals /De- recognition during the year As at 31st March, 2021 As at 31st March, 2021 As at 31st March, 2020
	Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
(a) Intangible asset under development Total	18,14,238 - 18,14,238 - - - - - - 18,14,238
	18,14,238 - 18,14,238 - - - - - - 18,14,238
Sr. No. Particulars	GROSS BLOCK ACCUMULATED DEPRECIATION NET BLOCK
	As at 1st April, 2019 Additions Disposals /De- recognition during the year As at 31st March, 2020 As at 1st April, 2019 Additions Disposals /De- recognition during the year As at 31st March, 2020 As at 31st March, 2020 As at 31st March, 2019
	Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
(a) Intangible asset under development Total	18,14,238 - - 18,14,238 - - - - 18,14,238 18,14,238
	18,14,238 - - 18,14,238 - - - - 18,14,238 18,14,238

– 49 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Note - 6

Non-current financial assets - investments

Note - 6 Non-current fnancial assets - investments
Particulars	Face value (Rs.) Numbers as at 31st March 2021		As at 31st March, 2021 (Rs.) As at 31st March, 2020 (Rs.)
Investment in equity instruments Unquoted Entecres Labs Private Ltd. 10 Gras Education and Training Service P Ltd. 10 Quoted Others: Carried at fair value through other comprehensive income (FVTOCI) Gujarat Steel Tubes Ltd. 10 Nagpur Power & Industries Ltd. 10 Zenith Birla (I) Ltd. 10 Total Other details: i Aggregate book value of: Particulars Quoted investments Unquoted investments Aggregate market value of quoted investments Aggregate impairment in value of investments ii Disclosure requirement of Ind AS 107- fnancial instruments :	10 10 10 10 10	4,680 1,59,957 180 2,54,232 2,67,484	1,04,87,880 1,04,87,880 1,58,96,527 1,58,96,527
			2,63,84,407 2,63,84,407
			375 375 90,50,659 86,05,753 1,73,865 1,17,693
			92,24,899 87,23,821
			3,56,09,306 3,51,08,228
		As at 31st March, 2021 (Rs.) 92,24,899 2,63,84,407 3,56,09,306 92,24,899 -		As at 31st March, 2020 (Rs.)
				87,23,821 2,63,84,407
				3,51,08,228
				87,23,821 -

Equity instrument (other than subsidiary and associates) designated at FVTOCI:

These investment have been designated on initial recognition to be measured at FVTOCI as these are long-term investment and not intended for sale.

Note - 7

Non-current tax assets/(liabilities) (Net)

Particulars Provision for taxation Income tax paid Less: MAT credit entitlement Total Note - 8 Deferred tax assets (Net) Opening balance Add: DTA/(DTL) for the year Less: MAT credit entitlement Total	As at 31st March, 2021 (Rs.) (2,54,22,998) 2,75,47,759 - 21,24,761 40,29,451 (14,41,477) - 25,87,974	As at 31st March, 2020 (Rs.)
		(2,47,97,000) 2,85,34,990 -
		37,37,990
		(20,50,018) 60,79,469 -
		40,29,451

– 50 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Note - 9

Other non-current assets

Particulars Security deposits Advances to supplier for goods and services Total Note - 10 Current fnancial assets - investments Carried at fair value through proft and loss (FVTPL) Quoted Investment in equity instruments Investment in mutual funds Unquoted Investment in Alternate Investment Funds Total Other details: i Aggregate book value of: Quoted investments Unquoted investments Aggregate market value of quoted investments Aggregate impairment in value of investments Note - 11 Trade receivables (Unsecured, unless otherwise stated) Considered good Doubtful Total Note - 12 Cash and cash equivalents Balance with banks: In Current accounts In Deposit accounts In EEFC accounts Cash on hand Total Note - 13 Bank balance other than mentioned in cash and cash equivalents Earmarked balances with banks Unclaimed dividend Total	As at 31st March, 2021 (Rs.) 7,54,880 2,15,901 9,70,781 5,60,64,805 - 50,00,000 6,10,64,805 5,60,64,805 50,00,000 6,10,64,805 5,60,64,805 - 29,97,228 - 29,97,228 47,82,496 67,665 37,745 25,493 49,13,398 6,49,713 6,49,713	As at 31st March, 2020 (Rs.)
		7,54,880 2,15,900
		9,70,780
		4,13,22,786 - -
		4,13,22,786
		4,13,22,786 -
		4,13,22,786
		4,13,22,786 - 19,77,449 -
		19,77,449
		31,74,609 63,907 21,221 24,568
		32,84,305
		8,51,831
		8,51,831

Note: There are no amounts due and outstanding to be credited to the investor education and protection fund as at 31[st] March, 2021.

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Note - 14
Other current assets
Particulars			As at	As at
		**31st **	March, 2021	31st March, 2020
			(Rs.)	(Rs.)
Balance with statutory/government authorities			21,12,589	17,44,708
Prepaid expenses			4,55,140	3,47,277
Advances to supplier for services			2,27,356	22,15,517
Advances to employees			2,25,356	2,24,544
Other receivables			6,356	36,157
Total			30,26,796	45,68,202
Note - 15
Equity Share Capital :
Particulars	As at 31st March,	2021	As at 31st March, 2020
	No. of shares	Value	No. of shares	Value
Authorized Capital
Equity shares of Rs. 10/- each	70,00,000	7,00,00,000	70,00,000	7,00,00,000
15% ‘A’ cumulative redeemable	50,000	50,00,000	50,000	50,00,000
preference shares of Rs. 100/-
each
	70,50,000	7,50,00,000	70,50,000	7,50,00,000
Issued, Subscribed and Paid-up
Equity Shares of Rs. 10/- each	41,69,100	4,16,91,000	41,69,100	4,16,91,000
fully paid up
Total	41,69,100	4,16,91,000	41,69,100	4,16,91,000

a Reconciliation of the number of shares outstanding is set out below:

Particulars Equity shares at the beginning of the year Add: shares issued during the year Less: shares cancelled/bought back during the year Equity shares at the end of the year	Number of Shares As at 31st March, 2021 (Rs.) As at 31st March, 2020 (Rs.) 41,69,100 41,69,100 - - - - 41,69,100 41,69,100	Number of Shares As at 31st March, 2021 (Rs.) As at 31st March, 2020 (Rs.) 41,69,100 41,69,100 - - - - 41,69,100 41,69,100
		41,69,100 - - 41,69,100

b The equity shares of the company having voting rights and are subject to the restriction as prescribed under the Companies Act, 2013.

c Disclosure pursuant to note no. 6(D) (h,i,j,k,l) of part I of schedule III of companies act, 2013 is NIL.

d Shareholders holding more than 5% of the aggregate shares in the company

Particulars	As at 31st March,	2021	As at 31st March,	2020
	No. of shares	Value	No. of shares	Value
Khandelwals Limited*	26,78,220	64.24	26,78,220	64.24
Life Insurance Corporation of India Ltd.	3,84,750	9.23	3,84,750	9.23

*Khandelwals Limited is registered outside India i.e. 10 Orange Street, London , United Kingdom

e During the financial year 2020-21 company has transferred 20,592 number of equity shares to IEPF account as per MCA general circular no. 12/2017 and section 124(6).

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Note - 16

Other Equity

Note - 16 Other Equity
Particulars	Reserves and surplus	Items of other comprehensive income Total Items that will not be reclassifed toproft and loss Equity instruments Other items
	General reserve Retained earnings
Balance as at 1st April, 2019 Proft / (Loss) for the year Proposed dividend on equity shares Tax paid thereon Transfer to retained earnings "Re-measurement of gain/ (loss) on defned beneft plans (Net of tax)" Fair value gain/(loss) of equity instruments through other comprehensive income (net of tax) Balance as at 31st March, 2020 Proft / (Loss) for the year Proposed dividend on equity shares Tax paid thereon Transfer to retained earnings "Re-measurement of gain/ (loss) on defned beneft plans (Net of tax)" Fair value gain/(loss) of equity instruments through other comprehensive income (net of tax) Balance as at 31st March, 2021 Particulars Note - 17 Borrowings Secured Term loan from banks Total	11,04,07,865 (1,26,65,918)		(48,23,971) (91,854) 9,28,26,124
	- (1,27,30,492) - - - - - - - - - -		- - (1,27,30,492) - - - - - - - - - - (8,98,757) (8,98,757) (20,41,689) - (20,41,689)
	11,04,07,865 (2,53,96,410)		(68,65,660) (9,90,611) 7,71,55,186
	- 1,81,85,359 - - - - - - - - - -		- - 1,81,85,359 - - - - - - - - - - (3,64,137) (3,64,137) 5,01,078 - 5,01,078
	11,04,07,865 (72,11,051)		(63,64,582) (13,54,748) 9,54,77,485
			As at 31st March, 2021 (Rs.) 20,34,752 20,34,752	As at 31st March, 2020 (Rs.)
				30,59,634
				30,59,634

Term loan consist of:

(1) Kotak Mahindra Prime Ltd having fixed interest @ 9.36% p.a. secured by hypothecation of motor car purchased under the loan. Repayment is to be made in 60 equated monthly instalments (EMI) of Rs 64,426/- each till July, 2024 of which principal sum therein totaling to Rs 1,614,867/-payable over balance 28 EMI’s are long term maturities.

(2) Axis Bank Ltd having fixed interest @7.86% p.a. secured by hypothecation of motor car purchased under the loan. Repayment is to be made in 60 equated monthly instalments (EMI) of Rs 40,421/- each till February, 2023 of which principal sum therein totaling to Rs 419,871/-payable over balance 11 EMI’s are long term maturities.

Note - 18 Provisions Provision for Employee Benefts: Gratuity Leave encashment Total	17,07,595 6,27,854 23,35,449	18,21,922 6,42,018
		24,63,940

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2021 Particulars As at 31st March, 2021 (Rs.) Note - 19 Deferred tax liabilities (Net) Opening Balance - Add: DTL for the year - Less: MAT credit entitlement Total - Note - 20 Other non-current liabilities Security deposits - Other liabilities - Total - Note - 21 Borrowings Current maturity of term loans from bank 10,24,882 Total 10,24,882 Note - 22 Trade Payables Dues to micro, small and medium enterprises (MSME) - Dues to others 7,07,039 Total 7,07,039 (i) Total outstanding dues of micro, small and medium enterprises (MSME): The principal amount and the interest due thereon remaining unpaid to any supplier at the end of each accounting year. - The amount of interest paid by the buyer in terms of section 16 of the micro, small and medium enterprises development act, 2006, along with the amount of the payment made to the supplier beyond the appointed day during each accounting year. - The amount of interest due and payable for the period of delay in making payment but without adding the interest specifed under the micro, small and medium enterprises development act, 2006. - The amount of interest accrued and remaining unpaid at the end of each accounting year end. - The amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues above are actually paid to the small enterprise, for the purpose of disallowance of a deductible expenditure under section 23 of the micro, small and medium enterprises development act, 2006. -	As at 31st March, 2020 (Rs.)
	- -
	-
	8,25,522 71,859
	8,97,381
	11,50,433
	11,50,433
	- 10,28,177
	10,28,177
	- - - - -

(ii) The balance of trade payables are subject to confirmation.

(iii) The information has been given in respect of such vendor to the extent they could be identified as micro and small enterprises on the basis of information available with the company.

– 54 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Particulars Note - 23 Other current liabilities Statutory liabilities Unclaimed dividend Other payables Provision for expenses Advance from Customer Total Movement of provisions during the year as required by Ind AS - 37 - assets' : Provision for expenses: Balance at the beginning of the year Add: created during the year Less: settled/reversed during the year Balance at the end of the year Particulars Note - 24 Revenue from operations Sale of services Total Note - 25 Other income Interest income Dividend income Proft/ (loss) on sale of : Investment (net) - mutual funds units Investment (net) - equity instruments Gain/(Loss) on fair valuation of current investments (measure at FVTPL) Rental income Other non-operating income Proft on sale of fxed assets Sundry balance w/off Total Note - 26 Employee beneft expenses Salaries and wages, including bonus and ex-gratia Contribution to provident and other funds Staff welfare expenses Gratuity and leave salary Training expenses Staff bus charges Total	As at 31st March, 2021 (Rs.) As at 31st March, 2020 (Rs.) 1,94,984 4,52,748 6,49,713 8,51,831 (2,367) 2,42,993 7,23,552 6,26,591 - 14,20,000 15,65,882 35,94,163 'provisions, contingent liabilities and contingent 6,26,591 4,54,851 20,29,914 18,00,361 19,32,953 16,28,621 7,23,552 6,26,591 For the year ended 31st March, 2021 (Rs.) For the year ended 31st March, 2020 (Rs.) 2,56,15,962 1,89,41,498 2,56,15,962 1,89,41,498 53,799 36,164 2,93,746 6,68,284 10,088 - 60,59,655 (81,191) 1,80,48,755 (1,58,38,260) 13,00,000 1,44,91,521 25,000 22,399 62,916 - (18,14,162) (2,04,221) 2,40,39,797 (9,05,304) 1,32,04,537 1,51,52,369 6,84,308 7,02,042 3,52,971 3,99,511 5,58,567 4,98,874 2,715 2,989 - 7,72,265 1,48,03,098 1,75,28,049	As at 31st March, 2021 (Rs.) As at 31st March, 2020 (Rs.) 1,94,984 4,52,748 6,49,713 8,51,831 (2,367) 2,42,993 7,23,552 6,26,591 - 14,20,000 15,65,882 35,94,163 'provisions, contingent liabilities and contingent 6,26,591 4,54,851 20,29,914 18,00,361 19,32,953 16,28,621 7,23,552 6,26,591 For the year ended 31st March, 2021 (Rs.) For the year ended 31st March, 2020 (Rs.) 2,56,15,962 1,89,41,498 2,56,15,962 1,89,41,498 53,799 36,164 2,93,746 6,68,284 10,088 - 60,59,655 (81,191) 1,80,48,755 (1,58,38,260) 13,00,000 1,44,91,521 25,000 22,399 62,916 - (18,14,162) (2,04,221) 2,40,39,797 (9,05,304) 1,32,04,537 1,51,52,369 6,84,308 7,02,042 3,52,971 3,99,511 5,58,567 4,98,874 2,715 2,989 - 7,72,265 1,48,03,098 1,75,28,049	As at 31st March, 2020 (Rs.)
			4,52,748 8,51,831 2,42,993 6,26,591 14,20,000
			35,94,163
			6,26,591
			For the year ended 31st March, 2020 (Rs.)
			1,89,41,498
			1,89,41,498
			36,164 6,68,284 - (81,191) (1,58,38,260) 1,44,91,521 22,399 - (2,04,221)
			(9,05,304)
			1,51,52,369 7,02,042 3,99,511 4,98,874 2,989 7,72,265
			1,75,28,049

– 55 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Particulars Note - 27 Finance costs Interest expenses Bank charges Total Note - 28 Other expenses Advertisement and publicity Auditors remuneration (Net of GST) Refer Note No. 28.1 Business promotion expenses Conveyance Electricity charges Insurance charges Legal & consultancy fees Motor car expenses Printing & stationery Rates & taxes Repairs to others Research and development expenses Software expenses Travelling expenses-director's Travelling expenses-foreign Travelling expenses-others Website, internet charges Miscellaneous expenditures Foreign exchange fuctuation Directors Sitting Fees Total Note - 28.1 Auditors' remuneration (Net of GST) Audit fees For taxation matters including tax audit For other services Total Note - 29 Tax Expenses Income tax expenses recognized in Statement of Proft and Loss: Current income tax for the year Deferred Tax: Deferred income tax for the year MAT Credit entitlement Total income tax expense recognized in statement of proft and loss for the year	For the year ended 31st March, 2021 (Rs.) 3,34,329 80,280 4,14,609 1,19,303 4,25,000 25,000 6,23,130 7,92,959 4,02,743 13,76,377 5,89,348 7,960 6,45,781 27,09,254 - 1,10,819 - - 69,360 3,04,126 12,37,370 5,51,934 3,20,000 1,03,10,466 2,75,000 - 1,50,000 4,25,000 16,32,327 14,41,477 - 30,73,804	For the year ended 31st March, 2020 (Rs.)
		6,55,562 97,958
		7,53,520
		1,22,041 3,75,000 - 10,07,094 10,85,247 3,77,712 37,71,739 2,00,924 63,157 6,31,404 44,29,503 48,594 33,772 1,00,274 12,78,859 1,89,490 4,90,548 13,26,450 2,28,424 -
		1,57,60,231
		2,75,000 - 1,00,000
		3,75,000
		- (60,79,469) -
		(60,79,469)

– 56 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Reconciliation of estimated income tax expense recognized in statement of profit and loss :

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2021 Reconciliation of estimated income tax expense recognized in statement of proft and loss :	NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2021 Reconciliation of estimated income tax expense recognized in statement of proft and loss :
Particulars Income from continued operation before income taxes Tax effect of adjustments to reconcile expected income tax expense to reported income tax expenses: Income exempt from tax Income taxable under taxable other heads i.e. capital gain, house property and other source Expenses not related to business disallowable Expenses allowed on payment basis Depreciation as per income tax act, 1961 Expenses related to exempt incomes Depreciation as per schedule II of companies act, 2013 Provision for expenses allowed on payment basis Income which is exempt uder Section 10 (other than the provisons contained in clause (38) thereof or Section 11 or Section 12 of the Income-Tax, if any amount is credited to the Proft and loss accounts; 1/5thof Transition amount as per sec. 115JB(2C) Amount Debit to OCI under the head "Items that will not be re-classifed to Proft and Loss" other than gain or loss from investment in equity instruments designated FVTOCI Income from business / book proft Income under capital gains: - Short-term capital gain Income taxable under house property head Income from other sources			As at 31st March, 2021 (Rs.)
			2,12,59,163 - (2,58,53,221) 15,13,135 48,727 (22,37,343) - 28,68,423 2,34,039 - - -
			(21,67,077) 36,48,006 - -
Taxable income / bookproft under MAT			36,48,006
Estimated Income Tax expenses Income Tax expense recognized in Statement of Proft and Loss			6,25,998 6,25,998
Particulars Note - 30 Other comprehensive income (OCI) Items that will not be reclassifed to proft and loss Re-measurement gains/ (losses) on defned beneft plans Equity instrument through other comprehensive income Income tax relating to items will not be reclassifed to proft and loss Items that will be reclassifed to proft and loss Debt instruments through other comprehensive income Income tax relating to items will be reclassifed to proft and loss Total (Net)	For the year ended 31st March, 2021 (Rs.) (3,64,137) 5,01,078 - - - 1,36,941		For the year ended 31st March, 2020 (Rs.)
			(8,98,757) (20,41,689) - - -
			(29,40,446)

– 57 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Particulars Note - 31 Earnings per equity share (EPS) Nominal value of equity shares (Rs.) Net proft for the year attributable to equity shareholders Weighted average number of equity shares outstanding during the year (nos.) Basic earnings per equity shares (Rs.) Dilutive effect on proft Net proft for the year attributable to equity shareholders for computing diluted EPS Dilutive effect on weighted average number of equity shares outstanding during the year Weighted average number of equity shares for computing diluted EPS (nos.) Diluted earnings per equity shares (Rs.) Note - 32 Assets given on operating lease Operating lease receipts recognized in statement of proft and loss The total of future minimum lease receipts under non-cancellable operating leases are as follows: For a period not later than one year For a period later than one year and not later than fve years For a period later than fve years General description of leasing agreements: i. Lease assets - Offce building ii Future lease rentals are determined on the basis of agreed terms iii Lease agreements are generally cancellable and are renewable by mutual consent on mutually agreed terms	For the year ended 31st March, 2021 (Rs.) 10 1,81,85,359 41,69,100 4.36 1,81,85,359 - 41,69,100 4.36 13,00,000 - - - - - -	For the year ended 31st March, 2020 (Rs.)
		10 (1,27,30,492) 41,69,100
		(3.05)
		(1,27,30,492) - 41,69,100
		(3.05)
		1,41,71,600 13,00,000 - - - - -

In accordance with the standard the company has elected not to apply the requirements of Ind AS 116 to short term leases less than 12 months.

Note - 33

Segment information

For management purpose, the company comprise of only one reportable segment - Business Process Outsourcing.

The Management monitors the operating results of this segment for the purpose of making decision about resource allocation and performance assessment. Segment information is evaluated based on profit or loss and is measured consistently with profit or loss in the financial statements.

– 58 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Particulars (i) Revenue from geographical segments India Outside India Total	For the year ended 31st March, 2021 (Rs.) - 2,56,15,962 2,56,15,962	For the year ended 31st March, 2020 (Rs.)
		- 1,89,41,498
		1,89,41,498

• (ii) Entire non-current assets of the company are situated in India

(iii) Information about transaction with major customers:

Revenue from one customer of the company is Rs 2.50 Cr (previous year was Rs 1.83 Cr.) which is 97.53%of (previous year was 96.65%) of the company’s total revenue.

Note - 34 Related party disclosures

(i) List of related parties where control exists and related parties with whom transactions have taken place and relationships:

• Sr. No. Name of related party

Nature of relationship

• 1 Khandelwals Limited Holding Company 2 Entecres Labs Private Limited Associate Company 3 Nagpur Power & Industries Ltd Enterprise that directly, or indirectly through one or more intermediaries, control, or are controlled by, or are under common control with, the reporting enterprise.

• 4 Zeppelin Investments Pvt. Ltd.

Enterprises owned or significantly influenced by any management personnel or their relatives.

• 5 Ramprasad Khandelwal Memorial Trust

• 6 KEY MANAGERIAL PERSONNEL

• i Mr. Gautam P. Khandelwal

• ii Mrs. Suelve Khandelwal

Non Executive Director (Chairman)

Wholetime Director

iii Mr. Nimis S. Sheth Independent Director iv Mr.Virat Mehta Independent Director

v Ms. Reena Yadav Key Management Personnel

vi Mrs. Roshan Dsouza Key Management Personnel

(ii) Transactions during the year with related parties:	For the Year ended 31.03.2021 For the Year ended 31.03.2020	For the Year ended 31.03.2021 For the Year ended 31.03.2020
	Holding Company Subsidiaries Key Managerial Personnel Total Holding Company Subsidiaries Key Managerial Personnel Total
	Rs.	Rs. Rs. Rs. Rs. Rs. Rs. Rs.
1 Sale of services 2 Purchase of services 3 Payment to key managerial personnel - salaries 4 Donation given Outstanding balances: 1 Due to company 2 Due by company	- - - - - -	- - - - - - - - - - - - - - - 39,54,508 39,54,508 - - 41,54,508 41,54,508 - - - - - - -
		- - - - - - - - - - - - - -

Notes:

• (a) No amounts have been written off / provided for or written back during the year in respect of debts due from or to related parties.

– 59 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Note - 35

Commitments, contingent liabilities and contingent assets:

Note - 35 Commitments, contingent liabilities and contingent assets:
Particulars (a) Contingent liabilities Claims made against the Company/ disputed liabilities not acknowledgment as debts: (i) Legal claims - Income tax matters - under appeal - Other matters (ii) Guarantees (b) Capital commitments (‘c) Contingent assets	As at 31st March, 2021 (Rs.) - - - - - - - - - -	As at 31st March, 2020 (Rs.)
		- - -

Note - 36 Defined benefit plans as per actuarial valuation:

Employee benefits disclosure

i) Gratuity:

Retirement benefits in the form of gratuity liability (being administered by Life Insurance Corporation of India) is a defined benefit obligation and is provided for on the basis of an actuarial valuation made at the end of each financial year.

The present value of obligation is determined based on actuarial valuation using the projected unit credit method as prescribed by the Ind AS-19 - ‘Employee Benefits’, which recognises each period of service as giving rise to additional unit of employee benefit entitlement and measure each unit separately to build up final obligation.

ii) Compensated absences/leave encashment:

The company also extends defined plans in the form of compensated absences/leave encashment to employees. Provisions for compensated absences is made on actuarial valuation basis.

The company is exposed to various risks as regards its obligation towards gratuity benefit and leave salary which are as follows: (i) interest rate risk,(ii) liquidity risk, (iii) salary escalation risk, (iv) regulatory risk, (v) market risk and (vi) investment risk

Particulars	Gratuity Leave encashment
	As at 31st March, 2021 As at 31st March, 2020 As at 31st March, 2021 As at 31st March, 2020
(i) Reconciliation of present value of the obligation: Opening defned beneft obligation Adjustments of: Current service cost Interest cost Actuarial loss/(gain) Liabilities assumed on acquisition/ (settled on divestiture) Benefts paid Other (employee contribution, taxes, expenses) Remeasurements - due to fnancial assumptions Remeasurements - due to experience adjustments Closing defned beneft obligation	30,29,320 19,83,115 6,42,018 4,17,306 2,84,842 2,92,694 1,06,349 1,11,153 1,87,708 1,46,484 32,453 28,863 (4,02,905) (1,14,094) (3,10,937) (80,026) (27,301) (22,484) - - (31,237) (24,725) (3,447) (4,855) 2,74,144 7,68,330 1,61,420 1,69,577
	33,14,571 30,29,320 6,27,856 6,42,018

– 60 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Particulars	Gratuity Leave encashment
	As at 31st March, 2021 As at 31st March, 2020 As at 31st March, 2021 As at 31st March, 2020
(ii) Reconciliation of fair value of the plan assets: Opening fair value of the plan assets Adjustments of: Return on plan assets Actuarial gain/(loss) Contributions by the employer Assets acquired on acquisition/ (distributed on divestiture) Benefts paid Other (employee contribution, taxes, expenses) Remeasurements - return on assets (excluding interest income) Closing fair value of the plan assets (iii) Net liabilities/(assets) recognised in the balance sheet: “Present value of the defned beneft obligation at the end of the period” Fair value of the plan assets Net liabilities recognised in the balance sheet Short term liability (iv) Amount recognised in salary and wages under employee benefts expense in the statement of proft and loss: Current service cost Interest on defned beneft obligation (net) Net cost Capitalised as Pre-Operative Expenses in respect of Net Charge to the Statement of Proft and Loss Net charge to the statement of proft and loss	12,21,738 12,54,086 - - 93,042 80,321 - - 7,00,000 14,340 3,10,937 80,026 (4,02,905) (1,14,094) (3,10,937) (80,026) (27,301) (22,484) - - 36,742 9,569 - -
	16,21,316 12,21,738 - -
	33,14,571 30,29,320 6,27,856 6,42,018 16,21,316 12,21,738 - -
	16,93,255 18,07,582 6,27,856 6,42,018
	7,67,917 55,104 95,556 97,695 2,84,842 2,92,694 1,06,349 1,11,153 94,666 66,163 32,453 28,863 3,79,508 3,58,858 1,38,802 1,40,016
	3,79,508 3,58,858 1,38,802 1,40,016

– 61 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Particulars	Gratuity Leave encashment
	As at 31st March, 2021 As at 31st March, 2020 As at 31st March, 2021 As at 31st March, 2020
(v) Amount recognised in other comprehensive income (OCI) for the year: Changes in fnancial assumptions Experience adjustments Actual return on plan assets less interest on plan assets Recognised in OCI for the year (vi) The major categories of plan assets as a % of total plan: Insurance policies Total (vii) Experience adjustments on present value of DBO and plan assets (Gain)/loss on plan liabilities % of opening plan liabilities (Gain)/loss on plan assets % of opening plan assets (viii) Principal actuarial assumptions: Discount rate Salary escalation rate Withdrawal rate Attrition rate Normal retirement age Adjusted average future service Leave encashment rate during employment Leave availment rate Mortality tables	(31,237) (24,725) (3,447) (4,855) 2,74,144 7,68,330 1,61,420 1,69,577 (36,742) (9,569) - -
	2,06,165 7,34,036 1,57,973 1,64,722
	100% 100% 0% 0% 100% 100% 0% 0% 2,74,144 7,68,330 1,61,420 1,69,577 9.05% 38.74% 25.14% 40.64% 36,742 9,569 - - 3.01% 0.76% - - 6.79% 6.67% 6.79% 6.67% 4.00% 4.00% 4.00% 4.00% 1.00% 1.00% - - - 1.00% 1.00% 58 years 58 years 58 years 58 years 20.00 19.00 - - - - 10% 10% - - 2% 2% Indian Assured Lives Mortality (2006-08)

Note - 37

Financial instruments : Fair values measurement

Accounting classification and fair value hierarchy

Carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy, are presented below. It does not include the fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.

The company uses the following hierarchy for determining and disclosing the fair value of financial instruments:

Level 1: inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date;

Level 2: inputs other than quoted prices included within level 1, that are observable for the asset or liability, either directly or indirectly; and

Level 3: If one or more significant inputs is not based on observable market data, the instrument is included in level 3. This is the case for unlisted equity instruments and certain debt instruments which are valued using assumptions from market participants.

Set out below, is a comparison by category of the carrying amounts and fair value of the company’s financial instruments.

– 62 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

As on 31[st] March, 2021:

As on 31st March, 2021:
Particulars	Carrying amount Fair value Fair value hierarchy FVTPL FVTOCI Amortized
Financial assets Non current: Investments in equity instruments (other than associates) Current: Investments in equity instruments Investments in mutual funds Investment in Alternate Investment Funds Cash and cash equivalents Bank balance other than mentioned in cash and cash equivalents Trade receivables Financial liabilities Borrowings Trade payables Security deposit As on 31st March, 2020: Particulars	- 3,56,09,306 - 3,56,09,306 Level 1 5,60,64,805 - - 5,60,64,805 Level 1 - - - - Level 2 50,00,000 - - 50,00,000 Level 3 - 49,13,398 49,13,398 - - - 6,49,713 6,49,713 - 29,97,228 - - 29,97,228 -
	6,40,62,033 3,56,09,306 55,63,111 10,52,34,450
	- - 30,59,634 30,59,634 - 7,07,039 - - 7,07,039 - - - - - Discounted cash fow method
	7,07,039 - 30,59,634 37,66,673
	Carrying amount Fair value Fair value hierarchy FVTPL FVTOCI Amortized
Financial assets Non current: Investments in equity instruments (other than associates) Current: Investments in equity instruments Investments in mutual funds Cash and cash equivalents Bank balance other than mentioned in cash and cash equivalents Trade receivables Financial liabilities Borrowings Trade payables Security deposit	- 3,51,08,228 - 3,51,08,228 Level 1 4,13,22,786 - - 4,13,22,786 Level 1 - - - - Level 2 - - 32,84,305 32,84,305 - - - 8,51,831 8,51,831 - 19,77,449 - - 19,77,449 -
	4,33,00,235 3,51,08,228 41,36,136 8,25,44,599 - - 42,10,067 42,10,067 - 10,28,177 - - 10,28,177 - - - 8,97,381 8,97,381 Discounted cash fow method
	10,28,177 - 51,07,448 61,35,625

– 63 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Key inputs:

• Listed equity investments (other than subsidiaries, joint ventures and associates): quoted bid price on stock exchange (Level 1)

• Mutual funds: based on net asset value of the scheme (Level 2)

• The management assessed that fair value of cash and bank balances, trade receivables, loans, trade payables, borrowings, other financial assets and liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments.

• During the reporting period ending 31[st] March, 2021 and 31[st] March, 2020, there was no transfer between Level 1 and Level 2 fair value measurement.

Note - 38

Financial instruments : financial risk management

The Company’s activities exposes it to various risk such as market risk, liquidity risk and credit risks. This section explains the risks which the Company is exposed to and how it manages the risks.

The board of directors (‘board’) oversee the management of these risks through its audit committee The company’s risk management policy has been formulated by the audit committee and approved by the board. The policy articulates on the company’s approach to address uncertainties in its endeavor to achieve its stated and implicit objectives. It also prescribes the roles and responsibilities of the company’s management, the structure for managing risks and the framework for risk management. The framework seeks to identify, assess and mitigate risks in order to minimize potential adverse effects on the company’s financial performance.

The board of directors reviews and agrees on policies for managing each of these risks, which are summarized below. This note explains the sources of risk which the entity is exposed to and how the entity manages the risk.

Risk	Exposure arising from	Measurement	Management
Credit risk	Trade receivables, other cash and cash equivalents, bank balances other than	Credit ratings and ageing analysis	Diversifcation of counterparties, investment limits, check on
	cash and cash equivalents, security deposits, loans and other fnancial assets		counterparties basis credit rating and number of overdue days
Liquidity risk	Borrowings, trade payables, deposits from dealers andbother fnancial liabilities	Maturity analysis	Preparing and monitoring forecasts of cash fows and maintaining suffcient cash and cash equivalents
Market risk- foreign	Financial assets and liabilities	Sensitivity analysis	Exposure limits
exchange	denominated in other than functional
	currency
Market risk- price risk	Investment in equity instruments	Sensitivity analysis	Strategic investment
Market risk- interest rate	Security deposits	Sensitivity analysis	Periodical reset of interest rate
risk			linked to market

1 Credit risk

Credit risk is the risk of financial loss to the company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the company’s receivable from customers and loans and advances. The carrying amount of following financial assets represents the maximum credit exposure:

(i) Trade receivables

The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer in which it operates. Credit risk is managed through credit approvals, establishing credit limits and continuously monitoring the creditworthiness of customers to which the company grants credit terms in the normal course of business.

The Company has established a credit policy under which each customer is analysed individually for creditworthiness before the company’s standard payment terms and conditions are offered.

All the trade receivables are realised well with in due dates. Accordingly, management is in the opinion that requirement of provision is not arrised.

– 64 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

As at 31[st] March, 2021, the ageing of trade receivables was as follows;

Particulars Neither past due nor impaired Due 1- 30 days Due 31- 90 days Due 90- 180 days Due 181- 365 days	As at 31st March, 2021 (Rs.) - - 29,97,228 - - 29,97,228	As at 31st March, 2020 (Rs.)
		- - 19,77,449 - -
		19,77,449

(ii) Financial assets other than trade receivables

Credit risk from balances with banks and financial institutions is managed by the CFO in accordance with it’s policy. Surplus funds are parked only within approved investment categories . Investment category is periodically reviewed by the company’s board of directors.

The company held cash and cash equivalents of Rs. 49.13 Lakhs as on 31[st] March, 2021 (Previous year ‘ Rs. 32.84 Lakhs). The cash and cash equivalent’s are held with bank counterparties with good credit ratings.

2 Liquidity risk

Liquidity risk is the risk that the company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damages to the company’s reputation.

Maturity profile of financial liabilities

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted, and include estimated interest payments and exclude the impact of netting agreements.

As on 31[st] March, 2021

As	on 31st March, 2021
				Amount in Rs.
	Particulars	Borrowings	Tradepayables	Other fnancial liabilities
(I)	Carrying amount	30,59,634	7,07,039	-
(II)	Contractual cash fow:
	Less than 12 months	10,24,882	7,07,039	-
	More than 12 months	20,34,752	-	-
As	on 31st March, 2020
	Particulars	Borrowings	Tradepayables	Other fnancial liabilities
(I)	Carrying amount	42,10,067	10,28,177	8,97,381
(II)	Contractual cash fow:
	Less than 12 months	11,50,433	10,28,177	-
	More than 12 months	30,59,634	-	8,97,381
Maturity profle of liquid fnancial assets

Surplus fund Investments in equity, mutual funds,bonds and deposits etc.

	Period	Carrying amount	Less than	12 months	More than 12 months
31stMarch,	2021	9,66,74,111		6,10,64,805	3,56,09,306
31stMarch,	2020	7,64,31,014		4,13,22,786	3,51,08,228

Company’s surplus funds are more than to total borrowings outstanding as on 31[st] March, 2021. Hence, the liquidity risk is very low.

3 Market risk

Market risk is the risk that changes in market prices - such as foreign exchange rates, interest rates and equity prices - will affect the company’s income or the value of its holdings of financial instruments. Market risk is attributable to all market risk sensitive financial instruments including foreign currency receivables and payables and long term debt. Management

– 65 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

exposed to market risk primarily related to the market value of investments and interest rate risk. Thus, our exposure to market risk is function of investing and borrowing activities only.

4 Interest rate risk

Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the risk of changes in fair values of fixed interest bearing investments because of fluctuations in interest rates. Cash flow interest rate risk is the risk that the future cash flows of floating interest bearing investments will fluctuate because of fluctuations in interest rates.

Exposure to interest rate risk

Company is not having interest rate risk arises from borrowings, as company is having borrowings with fixed interest rate. The interest rate profile the company’s interest bearing financial instruments as reported to the management of the company.

ompany.
Particulars	Rate of interest
Kotak Mahindra Prime Ltd - car loan	9.36%
Axis Bank Ltd - car loan	7.86%

Capital management

For the purpose of the company’s capital management, capital includes issued capital and other equity reserves. The primary objective of the company’s capital management is to maximise shareholders value. The company manages its capital structure and makes adjustments in the light of changes in economic environment and the requirements of the financial covenants.

The Company monitors capital using debt to equity ratio.

Particulars Noncurrent borrowings Current borrowings Gross debts Less: Cash and cash equivalents Net debts Total equity Adjusted net debt to equity ratio Note - 39	As at 31st March, 2021 (Rs.) 20,34,752 10,24,882 30,59,634 49,13,398 (18,53,764) 13,71,68,485 NA	As at 31st March, 2020 (Rs.)
		30,59,634 11,50,433
		42,10,067
		32,84,305
		9,25,762
		11,88,46,186
		NA

Additional Information Details :

1 Event after reporting period:

No adjusting or significant non-adjusting event have occurred between the 31[st] March, 2021 reporting date and the date of authorization.

• 2 The outbreak of Coronavirus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity. The Company has evaluated impact of this pandamic on its busniess operations and based on its review and current indicators of future economic conditions, there is no significant impact on its financial results.

As per our report of even date attached For and on behalf of the Board of Directors For Parekh Sharma & Associates Chartered Accountants Suelve Khandelwal Nimis Sheth Firm's Regn. No. 129301W Executive Director Director (DIN: 00270811) (DIN: 00482739) Sujesh Sharma Roshan Dsouza Reena Yadav Partner Chief Financial Officer Company Secretary M. No.:118944 (ICSI Reg. No. A36429) Place: Mumbai Place: Mumbai Date: 29[th] June, 2021 Date: 29[th] June, 2021

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Informed Technologies India Limited

Annual Report 2020-2021

INDEPENDENT AUDITORS’ REPORT

To the Members of Informed Technologies India Limited

Report on the Audit of the Consolidated Financial Statements

Opinion

We have audited the accompanying consolidated financial statements of Informed Technologies India Limited (hereinafter referred to as “the Holding Company”) and its associate ‘Entecres Lab Private Limited (Holding Company and its associate together referred to as “the Group”), which comprise the consolidated balance sheet as at 31 March 2021, and the consolidated statement of profit and loss (including other comprehensive income), the consolidated statement of changes in equity and the consolidated statement of cash flows for the year then ended, and notes to the consolidated financial statements, including a summary of significant accounting policies and other explanatory information (hereinafter referred to as “the consolidated financial statements”).

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid consolidated financial statements give the information required by the Companies Act, 2013 (‘the Act’) in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the consolidated state of affairs of the Group as at 31 March 2021, of its consolidated loss and other comprehensive income, consolidated changes in equity and consolidated cash flows for the year then ended.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act. Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (‘ICAI’), and we have fulfilled our other ethical responsibilities in accordance with the provisions of the Act. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the consolidated financial statements.

Key Audit Matters

Key audit matters are those matters that in our professional judgement, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

Sr. no	Key Audit Matters	Our Response
1.	Defned beneft obligation The valuation of the retirement beneft scheme in the company is determined with reference to various actuarial assumptions including discount rate, future salary increases, rate of infation mortality rates and attrition rates. Due to the size of these assumptions can have a material impact on the defned beneft obligation	We have examined the key controls over the process involving member data, formulation of assumptions and the fnancial reporting process in arriving at the provision for retirement benefts. We tested the controls for determining the actuarial assumptions and the approval of those assumptions by senior management. We found these controls were designed, implemented and operated effectively, and therefore determined that we could place reliance on these key controls for the purpose of our audit. We tested the employee data used in calculating the obligation and where material, we also considered the treatment of curtailments, settlement, past service costs, remeasurements, benefts paid, and other amendments made to obligations during the year. From the evidence obtained, we found the data and assumptions used by the management in the actuarial valuations for retirement beneft obligations to be appropriate.

Other Information

The Holding Company’s management and Board of Directors are responsible for the other information. The other information comprises the information included in the Holding Company’s Annual Report, but does not include the financial statements and our auditors’ report thereon.

Our opinion on the consolidated financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

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Informed Technologies India Limited

Annual Report 2020-2021

In connection with our audit of the consolidated financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the consolidated financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated.

If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Management Responsibility for the Consolidated Financial Statements

The Holding Company’s management and Board of Directors are responsible for the preparation and presentation of these consolidated financial statements in terms of the requirements of the Act that give a true and fair view of the consolidated state of affairs, consolidated profit/loss and other comprehensive income, consolidated statement of changes in equity and consolidated cash flows of the Group in accordance with the accounting principles generally accepted in India, including the Indian Accounting Standards (Ind AS) specified under Section 133 of the Act. The respective Board of Directors of the entities included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of each entity and for preventing and detecting frauds and other irregularities; the selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial statements by the Directors of the Holding Company, as aforesaid.

In preparing the consolidated financial statements, the respective management and Board of Directors of the entities included in the Group are responsible for assessing the ability of each entity to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the entity or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the entities included in the Group is responsible for overseeing the financial reporting process of each entity.

Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the entity has adequate internal financial controls system in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

• Conclude on the appropriateness of management’s use of the going concern basis of accounting in preparation of consolidated financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Group (Holding company and associate) to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding the financial information of such entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the audit of financial information of such entities.

We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion on the consolidated financial statements.

We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated financial statements of which we are the independent auditors regarding, among other matters, the planned scope and timing of

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the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Other Matters

We did not audit the financial statements of the associate company, namely, Entecres Labs Private Limited whose financial statement reflects total assets of Rs. 419.71 Lacs as at 31[st] March 2021, total revenue of Rs.491.26 Lacs and profit after tax of Rs.14.55 Lacs for the year ended on that date, as considered in the consolidated Financial Statement. These Financial statement and other information have been audited by the other auditor whose report has been furnished to us by the management, and our opinion on the Consolidated financial statement, in so far as it relates in terms of sub-section (3) and (11) of section 143 of the Act, in so far as it relates to the aforesaid associate, is based solely on the report of the other auditor.

Report on Other Legal and Regulatory Requirements

• A. As required by Section 143(3) of the Act, based on our audit, we report, to the extent applicable, that:

• a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit of the aforesaid consolidated financial statements.

• b) In our opinion, proper books of account as required by law relating to preparation of the aforesaid consolidated financial statements have been kept so far as it appears from our examination of those books.

• c) The consolidated balance sheet, the consolidated statement of profit and loss (including other comprehensive income), the consolidated statement of changes in equity and the consolidated statement of cash flows dealt with by this Report are in agreement with the relevant books of account maintained for the purpose of preparation of the consolidated financial statements.

• d) In our opinion, the aforesaid consolidated financial statements comply with the Ind AS specified under Section 133 of the Act. e) On the basis of the written representations received from the directors of the Holding Company and its associate which are incorporated in India, as on 31 March 2021 and taken on record by the Board of Directors of respective companies, none of the directors of the Group companies incorporated in India is disqualified as on 31 March 2021 from being appointed as a director in terms of Section 164(2) of the Act.

• f) With respect to the adequacy of the internal financial controls with reference to financial statements of the Holding Company and its associate company incorporated in India and the operating effectiveness of such controls, refer to our separate report in Annexure A.

• B. With respect to the other matters to be included in the Auditors’ Report in accordance with Rule 11 of the Companies (Audit and Auditor’s) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:

• i. The consolidated financial statements disclose the impact of pending litigations as at 31 March 2021 on the consolidated financial position of the Group. Refer Note 35 to the consolidated financial statements.

• ii. The group did not have any material foreseeable losses on long-term contracts including derivative contracts during the year ended 31 March 2021.

• iii. There has been no delay in transferring amounts to the Investor Education and Protection Fund by the Holding Company and its associate company incorporated in India during the year ended 31 March 2021.

• C. With respect to the matter to be included in the Auditors’ report under Section 197(16) :

• In our opinion and according to the information and explanation given to us, the remuneration paid during the current year by the Holding Company and its associate which are incorporated in India is in accordance with the provisions of Section 197 of the Act. The remuneration paid to any director by the Holding Company and its associate which are incorporated in India, is not in excess of the limit laid down under Section 197 of the Act. The Ministry of Corporate Affairs has not prescribed other details under Section 197(16) which are required to be commented upon by us.

For Parekh Sharma & Associates Chartered Accountants Firm’s Registration No: 129301W

Mumbai 29[th] June, 2021

Sujesh Sharma Partner Membership No: 118944 UDIN: 21118944AAAAKC1146

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Informed Technologies India Limited

Annual Report 2020-2021

ANNEXURE A

TO THE INDEPENDENT AUDITOR’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021

Report on the Internal Financial Controls under Clause (i) of sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)

In conjunction with our audit of the consolidated financial statements of Informed Technologies India Limited (“the Holding Company”) as of 31 March 2021, we have audited the internal financial controls with reference to the financial statements of the Holding Company and its associate, which are incorporated in India as of that date.

Opinion

In our opinion, the Holding Company and its associate which are incorporated in India, have, in all material respects, an adequate internal financial controls system with reference to financial statements and such internal financial controls with reference to financial statements were operating effectively as at 31 March 2021, based on the internal control with reference to financial statements criteria established by the Holding Company and its associate which are incorporated in India, considering the essential components of internal control stated in the Guidance Note issued by the ICAI.

Other Matters

Our aforesaid report under section 143(3)(i) of the act on the adequacy and operation effectiveness of the internal financial controls over financial reporting in so far as it related to an associate company incorporated in India, based on the corresponding report of the auditor of such company.

Management’s Responsibility for Internal Financial Controls

The respective Board of Directors of the Holding company and its associate which are incorporated in India, are responsible for establishing and maintaining internal financial controls based on the internal control with reference to financial statements criteria established by the Holding company and its associate, which are incorporated in India, considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (“the Guidance Note”) issued by the Institute of Chartered Accountants of India (“ICAI”). These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to the respective entity’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Act.

Auditor’s Responsibility

Our responsibility is to express an opinion on the internal financial controls with reference to financial statements of the Holding Company and its associate which are incorporated in India, based on our audit. We conducted our audit in accordance with the Guidance Note and the Standards on Auditing, issued by the ICAI and deemed to be prescribed under Section 143(10) of the Act, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the ICAI. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls with reference to financial statements was established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system with reference to financial statements and their operating effectiveness. Our audit of internal financial controls with reference to financial statements included obtaining an understanding of internal financial controls with reference to financial statements, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the internal financial control system with reference to financial statements of the Holding Company and its associate which are incorporated in India.

Meaning of Internal Financial Controls with reference to Financial Statements

A company’s internal financial control with reference to financial statements is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal financial control with reference to financial statements includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use,

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Annual Report 2020-2021

Informed Technologies India Limited

or disposition of the company’s assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financials Controls with reference to Financials Statements

Because of the inherent limitations of internal financial controls with reference to financial statements, including the possibility of collusion or improper management override of controls, misstatement due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls with reference to financial statements may become inadequate because of changes in the conditions or that the degree of compliance with the policies or procedures may deteriorate.

For Parekh Sharma & Associates Chartered Accountants Firm’s Registration No: 129301W

Mumbai 29[th] June, 2021

Sujesh Sharma Partner Membership No: 118944 UDIN: 21118944AAAAKC1146

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Informed Technologies India Limited

Annual Report 2020-2021

CONSOLIDATED BALANCE SHEET AS AT 31[ST] MARCH, 2021

		Amount in Rs.
Particulars Note No.	As at 31st March, 2021	As at 31st March, 2020
ASSETS Non-current assets Property, plant and equipment 2 Investment property 3 Other intangible assets 4 Intangible assets under development 5 Investments 6 Non-current tax assets (Net) 7 Deferred tax assets (Net) 8 Other non-current assets 9 Current assets Financial assets Investments 10 Trade receivables 11 Cash and cash equivalents 12 Bank balance other than mentioned in cash and cash equivalents 13 Other current assets 14 TOTAL ASSETS EQUITY AND LIABILITIES Equity Equity share capital 15 Other equity 16 Total Equity Liabilities Non-current liabilities Financial liabilities Borrowings 17 Provisions 18 Deferred tax liabilities (Net) 19 Other non-current liabilities 20 Total non-current liabilities Current liabilities Financial liabilities Borrowings 21 Trade payables 22 Total outstanding dues of micro enterprises and small enterprises and Total outstanding dues of creditors other than micro enterprises and small enterprises Other current liabilities 23 Total current liabilities TOTAL EQUITY AND LIABILITIES	2,86,72,698 21,73,486 45,543 - 3,92,43,230 21,24,761 25,87,974 9,70,781 7,58,18,472 6,10,64,805 29,97,228 49,13,398 6,49,713 30,26,796 7,26,51,940 14,84,70,412 4,16,91,000 9,91,11,410 14,08,02,410 20,34,752 23,35,449 - - 43,70,201 10,24,882 - 7,07,038 15,65,882 32,97,802 76,68,003 14,84,70,412	3,10,46,969 22,82,142 45,543 18,14,238 3,83,35,265 37,37,990 40,29,451 9,70,780
		8,22,62,378
		4,13,22,786 19,77,448 32,84,305 8,51,831 45,68,202
		5,20,04,572
		13,42,66,951
		4,16,91,000 8,03,82,223
		12,20,73,223
		30,59,634 24,63,940 - 8,97,381
		64,20,955
		11,50,433 - 10,28,177 35,94,163
		57,72,773
		1,21,93,728
		**13,42,66,951 **

TOTAL EQUITY AND LIABILITIES 1 Significant accounting policies The accompanying notes are an integral part of these consolidated financial statements

As per our report of even date attached For and on behalf of the Board of Directors For Parekh Sharma & Associates Chartered Accountants Suelve Khandelwal Nimis Sheth Firm's Regn. No. 129301W Executive Director Director (DIN: 00270811) (DIN: 00482739) Sujesh Sharma Roshan Dsouza Reena Yadav Partner Chief Financial Officer Company Secretary M. No.:118944 (ICSI Reg. No. A36429) Place: Mumbai Place: Mumbai Date: 29[th] June, 2021 Date: 29[th] June, 2021

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CONSOLIDATED STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31[ST] MARCH, 2021

		Amount in Rs.
Particulars Note No.	For the year ended 31st March, 2021	For the year ended 31st March, 2020
I Revenue from operations 24 2,56,15,962 II Other income 25 2,40,39,797 III Total income ( I + II ) 4,96,55,759 IV Expenses Employee benefts expenses 26 1,48,03,098 Finance costs 27 4,14,609 Depreciation and amortization expenses 2 - 4 28,68,423 Other expenses 28 1,03,10,466 Total expenses 2,83,96,596 V Proft before exceptional items and tax (III-IV) 2,12,59,163 VI Exceptional items - VII Share of proft/(loss) of associate company 4,06,887 VIII Proft/(Loss) before tax (V-VI) 2,16,66,050 IX Tax expense 29 Current tax 6,25,998 Earlier period tax 10,06,329 Minimum alternate tax credit - Deferred tax 14,41,477 X Proft/(Loss) for the year (VII-VIII) 1,85,92,246 XI Other comprehensive income 30 (i) Items that will not be reclassifed to statement of proft and loss Re-measurement gains/(losses) on defned beneft plans (3,64,137) Fair value gains/ (losses) on equity instruments 5,01,078 (ii) Items that will be reclassifed to statement of proft and loss Debt instruments through other comprehensive income Total Other Comprehensive Income 1,36,941 XII Total Comprehensive Income/(Loss) for the year (IX+X) 1,87,29,187 (Comprising proft and other comprehensive income for the year) Earnings per equity share 31 Basic (in Rs) 4.46 Diluted (in Rs) 4.46 Signifcant accounting policies 1 The accompanying notes are an integral part of these consolidated fnancial statements		1,89,41,498 (9,05,304)
		1,80,36,194
		1,75,28,049 7,53,520 28,04,355 1,57,60,231
		3,68,46,155
		(1,88,09,961) - 10,35,507
		(1,77,74,454)
		- - (60,79,469)
		(1,16,94,985)
		(8,98,757) (20,41,689)
		(29,40,446)
		(1,46,35,431)
		(2.81) (2.81)
As per our report of even date attached For and on behalf of the Board of Directors For Parekh Sharma & Associates Chartered Accountants Suelve Khandelwal Nimis Sheth Firm's Regn. No. 129301W Executive Director Director (DIN: 00270811) (DIN: 00482739) Sujesh Sharma Roshan Dsouza Reena Yadav Partner Chief Financial Offcer Company Secretary M. No.:118944 (ICSI Reg. No. A36429) Place: Mumbai Place: Mumbai Date: 29th June, 2021 Date: 29th June, 2021

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CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31[ST] MARCH, 2021

		Amount in Rs.
Particulars	For the year ended 31st March, 2021	For the year ended 31st March, 2020
A. Cash fows from operating activities: Net proft / (loss) before exceptional items & tax Adjustments for: Depreciation and amortization Finance cost Unrealised gain on investments measured at FVTOCI (net) Re-measurement gains/(losses) on defned beneft plans Proft on sale of investments Unrealised gain/ loss from investments Interest income Dividend income Proft on sale of fxed Assets Capital WIP Written off Income from investment assets Operational proft before working capital changes Adjustments for changes in working capital : Trade receivables Other current assets Trade payables Other current liabilities Cash from/ (used) in operating activities Direct taxes paid, net Net cash from/ (used) in operating activities B. Cash fow from investing activities Purchase of property, plant and equipment Proceeds of (purchase) / sale of investments Income from investment assets Dividend received Interest received Proceeds / (repayment) of loans and deposits Net cash from/ (used) in investing activities C. Cash fow from fnancing activities Proceeds/(repayment) of non-current borrowings Proceeds / (repayment) of current borrowings Dividend paid Finance cost Net cash generated from fnancing activities	2,12,59,163 28,68,423 4,14,609 5,01,078 (3,64,137) (60,69,743) (1,80,48,755) (53,799) (2,93,746) (94,950) 18,14,238 (13,00,000) 6,32,381 (10,19,780) 15,41,406 (3,21,140) (17,52,536) (9,19,669) (19,098) (9,38,767) (2,90,544) 38,75,401 13,00,000 2,93,746 53,799 (8,97,382) 43,35,020 (10,24,882) (1,25,551) (2,02,118) (4,14,609) (17,67,160)	(1,88,09,961) 28,04,355 7,53,520 (20,41,689) (8,98,757) 81,191 1,58,38,260 (36,164) (6,68,284) - - (1,44,91,521)
		(1,74,69,050) 16,85,311 (7,24,218) 1,99,174 29,90,804
		(1,33,17,980) (12,53,709)
		(1,45,71,689)
		(70,53,424) 1,29,33,816 1,44,91,521 6,68,284 36,164 (51,87,060)
		1,58,89,300
		15,94,804 4,43,867 (1,78,559) (7,53,520)
		11,06,592

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CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31[ST] MARCH, 2021

		Amount in Rs.
Particulars	For the year ended 31st March, 2021	For the year ended 31st March, 2020
D. Net cash fows during the year (A+B+C) E. Cash and cash equivalents at the beginning F. Cash and cash equivalents at the end (D+E)	16,29,093 32,84,305 49,13,398	24,24,203 8,60,102 32,84,305
G. Cash and cash equivalents comprise of: Cash on hand Cheques on hand Balances with banks Cash and cash equivalents at the end	25,493 - 48,87,906 49,13,398	24,568 - 32,59,737
		32,84,305

As per our report of even date attached For and on behalf of the Board of Directors For Parekh Sharma & Associates Chartered Accountants Suelve Khandelwal Nimis Sheth Firm's Regn. No. 129301W Executive Director Director (DIN: 00270811) (DIN: 00482739) Sujesh Sharma Roshan Dsouza Reena Yadav Partner Chief Financial Officer Company Secretary M. No.:118944 (ICSI Reg. No. A36429) Place: Mumbai Place: Mumbai Date: 29[th] June, 2021 Date: 29[th] June, 2021

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CONSOLIDATED STATEMENT OF CHANGE IN EQUITY FOR THE YEAR ENDED 31[ST] MARCH, 2021

Equity		Amount in Rs.
Particulars	As at 1st April, 2019 Change in Equity share capital during the year	As at 31st March, 2020 Change in Equity share capital during the year As at 31st March, 2021
Equity share capital	4,16,91,000 -	4,16,91,000 - 4,16,91,000
Other equity		Amount in Rs.
Particulars	Reserves and surplus	Items of other comprehensive income Total Items that will not be reclassifed toproft and loss Equity instruments Other items
	General reserve Retained earnings
Balance as at 1st April 2019 Proft for the year Proposed dividend on equity shares Tax paid thereon Transfer to retained earnings Re-measurement of gain/(loss) on defned beneft plans (net of tax) Fair value gain/(loss) of equity instruments through other comprehensive income (net of tax) Balance as at 31st March 2020 Proft for the year Proposed dividend on equity shares Tax paid thereon Transfer to retained earnings Re-measurement of gain/(loss) on defned beneft plans (net of tax) Fair value gain/(loss) of equity instruments through other comprehensive income (net of tax) Balance as at 31st March 2021	11,04,07,865 (1,04,74,388)	(48,23,971) (91,854) 9,50,17,654
	- (1,16,94,985) - - - - - - - - - -	- - (1,16,94,985) - - - - - - - - - - (8,98,757) (8,98,757) (20,41,689) - (20,41,689)
	11,04,07,865 (2,21,69,373)	(68,65,660) (9,90,611) 8,03,82,223
	- 1,85,92,246 - - - - - - - - - -	- - 1,85,92,246 - - - - - - - - - - (3,64,137) (3,64,137) 5,01,078 - 5,01,078
	11,04,07,865 (35,77,127)	(63,64,582) (13,54,748) 9,91,11,410

As per our report of even date attached For Parekh Sharma & Associates Chartered Accountants Firm's Regn. No. 129301W

Sujesh Sharma Partner M. No.:118944 Place: Mumbai Date: 29[th] June, 2021

For and on behalf of the Board of Directors

Suelve Khandelwal Nimis Sheth Executive Director Director (DIN: 00270811) (DIN: 00482739) Roshan Dsouza Reena Yadav Chief Financial Officer Company Secretary (ICSI Reg. No. A36429)

Place: Mumbai Date: 29[th] June, 2021

– 76 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Note - 1

Significant Accounting Policies

1. Corporate Information

Informed Technologies India Limited (‘ITIL’ ‘The Company’) is a limited Company incorporated and domiciled in India. The Company is a public limited company and its equity shares are listed with Bombay Stock Exchange (“BSE”) in India. The registered office of the Company is situated at 20[th] Floor, Nirmal Building, Nariman Point, Mumbai – 400021.

Under Companies Act, 2013 Group is defined as parent, subsidiaries, joint ventures and associates. As ITIL has no subsidiary the consolidation pertains to ITIL (hereafter holding Company) and it’s Associate viz.

Name of the Associate Companies Percentage of Holding Entecres Labs Pvt. Ltd. 27.96%

2. Statement of Compliance

These consolidated financial statements are prepared and presented in accordance with the Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standard) Rules, 2015 as amended by the Companies (Indian Accounting Standard) Rules, 2017 notified under section 133 of the Companies Act, 2013, the relevant provisions of the Companies Act, 2013 and the guidelines issued by the Securities and Exchange Board of India (SEBI), as applicable.

3. Principles of Consolidation

The consolidated financial statements relate to Informed Technologies India limited (‘the Company or Investor’) and it’s Associate Entecres Labs Pvt. Ltd. The company and its Associate together constitute ‘The Group’. The consolidated financial statements have been prepared on the following basis.

• i. The financial statements of the Company and Associate used in the consolidated procedure are drawn up to the same reporting date i.e. 31[st] March, 2021.

• ii. Investment in associate company has been accounted in this consolidated financial statements as per the equity method in terms of Indian Accounting Standards (Ind AS ) 28-‘Investments in Associates and Joint Ventures’.

They are initially recognised at cost, which include transactions costs. Subsequent to initial recognition, Consolidated Financial Statements include the Group’ share of profit or loss and OCI of equity accounted investees until the date on which significant influence ceases.

• iii. Where the Group’s share of losses of an equity accounted investee exceed the Group’s interest in that associate, the group discontinues recognizing its share of further losses. Additional losses are recognised only to the extent that the Group has incurred legal or constructive obligation or made payments on behalf of the associate.

• iv. These consolidated financial statements have been prepared in compliance of section 129 of the Companies Act, 2013.

4. Basis of Preparation

The consolidated financial statements of the Company have been prepared and presented on the going concern basis and at historical cost except for the following assets and liabilities which have been measure at fair value.

• Certain financial assets and liabilities at fair value (refer accounting policy regarding financial instruments)

• Employee’s Defined Benefit Plan as per actuarial valuation

5. Functional and Presentation Currency

The consolidated financial statements are presented in Indian Rupees, which is the functional currency of the Company and the currency of the primary economic environment in which the Company operates.

6. Use of Estimates

The preparation of consolidated financial statements in conformity with the Indian Accounting Standards requires judgments, estimates and assumptions to be made that affect the reported amount of assets and liabilities, disclosures of contingent liabilities on the date of the consolidated financial statements and the reported amount of revenues and expenses during the reporting period. Difference between the actual results and estimates are recognized in the period in which the results are known/ materialized.

7. Classification of Assets and Liabilities as Current and Non-Current

All assets and liabilities are classified as current and non-current as per the Company’s normal operating cycle, and other criteria set out in Schedule III of the Companies Act, 2013. Based on the nature of products and the time lag between the acquisition of assets for processing and their realization in cash and cash equivalents, 12 months period has been considered by the Company as its normal operating cycle.

– 77 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

8. Overall Consideration

The consolidated financial statements have been prepared applying the significant accounting policies and measurement bases summarized below.

9. Revenue Recognition

Sale of services

Sale of services are recognized on satisfaction of performance obligation towards rendering of such services.

Dividend, Interest and Rental Income

Dividend from investments are recognized in profit or loss when the right to receive payment is established.

Interest income from a financial asset is recognized when it is probable that the economic benefits will flow to the Company and the amount of income can be measured reliably.

Rental income is recognized in accordance with terms of lease.

10. Property Plant and Equipment

Property, plant and equipment are stated at acquisition or construction cost less accumulated depreciation and impairment loss. Cost comprises the purchase price and any attributable cost of bringing the assets to its location and working condition for its intended use, including relevant borrowing costs and any expected costs of decommissioning.

If significant parts of an item of PPE have different useful lives, then they are accounted for as separate items (major components) of PPE.

The cost of an item of PPE is recognized as an assets if, and only if, it is probable that the economic benefits associated with the item will flow the Company in future periods and the item can be measured reliably. However, cost of excludes indirect taxes to the extent credit of the duty or tax is availed off.

Items such spare parts, standby equipment and servicing equipment are recognized as PPE when it is held for use in production or supply of goods or services, or for administrative purpose, and are expected to be used for more than one year. Otherwise such items are classified as inventory.

An item of PPE is de-recognized upon disposal or when no future economic benefits are expected to arise from the continued use of assets. Any gain or loss arising on the disposal or retirement of an item of PPE, is determined as the difference between the sales proceeds and the carrying amount of the assets and is recognized in the Consolidated Statement of Profit and Loss.

Capital Advance given towards acquisition or construction of PPE outstanding at each reporting date are disclosed as Capital Advances under Other Non-current Assets.

Expenditure incurred after the PPE have been put into operations, such as repairs and maintenance expenses are charged

to the Consolidated Statement of Profit and Loss during the period in which they are incurred.

11. Depreciation and Amortization

Depreciation on tangible assets is provided on Straight Line Method and based on useful life of the assets as prescribed in Schedule II to the Companies Act, 2013, except in respect of the following assets, where the useful life is exceeding those prescribed in Schedule II based on the Chartered Engineer’s Valuation Certificate namely:

Description	Range of Useful lives in years
Furniture	1 – 9 years
Electrical Installation	2 years

Depreciation on assets purchased / sold during the period is proportionately charged.

The residual value for all the above assets are retained at 5% of the cost. Residual values and useful lives are reviewed and adjusted, if appropriate, for each reporting period.

12. Intangible Assets

Intangible assets are stated at Cost of acquisition, less accumulated amortization / depletion and accumulated impairment losses, if any, are amortized over a period of 6 years or license period, whichever is lower.

Expenditure incurred on development is capitalized if such expenditure leads to creation of any intangible assets, otherwise,

such expenditure is charged to the Consolidated Statement of Profit and Loss.

PPE procured for research and development activities are capitalized.

– 78 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

13. Investment Property

Investment properties are recognized initially at cost. Subsequent to initial recognition, investment properties are stated at cost less accumulated depreciation. The Company has depreciated assets based on Straight line method as per Schedule II to the Companies Act, 2013.

14. Impairment of Assets

At end of each reporting period, the Company reviews the carrying amounts of non-financial assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the assets is estimated to be less than its carrying amount, the carrying amount of the assets is reduced to its recoverable amount. An Impairment loss is recognised immediately in the Consolidated Statement of Profit and Loss.

15. Cash and Cash equivalents and Cash Flow Statement

Cash and cash equivalents comprise cash on hand and demand deposits, together with other short-term, highly liquid investments maturing within three months from the date of acquisition and which are readily convertible into cash and which are subject to only an insignificant risk of changes in value.

Cash flows are reported using the indirect method, whereby Profit or Loss before tax is appropriately classified for the effects of transactions of non-cash nature and any deferrals or accruals of past or future receipts or payments. In the cash flow statement, cash and cash equivalents include cash in hand, cheques on hand, balances with banks in current accounts, EEFC accounts and other short- term highly liquid investments with original maturities of three months or less.

16. Segment reporting

The Company is principally engaged in the business of Business process outsourcing which is the only operating reportable segment as per Ind AS 108.

17. Borrowing costs

Borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset are capitalized during the period of time that is necessary to complete and prepare the asset for its intended use or sale. Other borrowing costs are expensed in the period in which they are incurred under finance costs. Borrowing cost also includes exchange differences to the extent regarded as an adjustment to interest costs.

18. Foreign Exchange Transactions

Transactions denominated in foreign currencies are recorded at the exchange rate prevailing on the date of the transaction.

At end of each reporting period, monetary assets and liabilities denominated in foreign currencies are translated at the exchange rates prevailing on that date. Non-monetary items that are measured in terms of historical cost in a foreign currency, are not retranslated.

Exchange difference on monetary items are recognised in the Consolidated Statement of Profit and Loss in the period in which these arise.

19. Income Taxes

Tax expense recognized in the consolidated Statement of Profit and Loss comprises the sum of deferred tax and current tax not recognized in other comprehensive income or directly in equity.

Calculation of current tax is based on tax rates in accordance with tax laws that have been enacted or substantively enacted by the end of the reporting period.

Deferred income taxes are calculated using the Balance Sheet approach on temporary differences between the carrying amounts of assets and liabilities in consolidated financial statements and the amount used for taxation purposes.

Deferred tax assets are recognized to the extent that it is probable that the underlying tax loss or deductible temporary difference will be utilized against future tax liability. This is assessed based on the Company’s forecast of future earnings, excluding non-taxable income and expenses and specific limits on the use of any unused tax loss or credit.

Deferred tax liabilities are generally recognized in full, although Ind AS 12 ‘Income Taxes’ specifies some exemptions.

Minimum Alternate Tax (MAT) Credit are in the form of unused tax credits that are carried forward by the Company for specified period of time, hence, it is presented as Deferred Tax Assets.

20. Employee Benefits

Short-term obligations:

Short term obligations are those that are expected to be settled fully within 12 months after the end of the reporting period.

– 79 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

They are recognised up to the end of the reporting period at the amounts expected to be paid at the time of settlement.

Other Long-term obligations:

The liabilities for earned leave are not expected to be settled wholly within 12 months after end of the period in which the employees render the related service.

Long-term compensated absences are provided for on the basis of an actuarial valuation at the end of each financial year. Actuarial gains / losses, if any, are recognised immediately in Consolidated Statement of Profit and Loss.

Defined Contribution Plans:

Contribution payable to recognised provident funds, which are substantially defined contribution plans, is recognised as expense in the consolidated Statement of Profit and Loss, as they are incurred.

Defined Benefit Plan:

The obligation in respect of defined benefit plan, which covers Gratuity, is provided for on the basis of an actuarial valuation at the end of each financial year. Gratuity is funded with an approved trust maintained by LIC.

Re-measurement, comprising actuarial gains and losses, the effect of the changes to the asset ceiling (if applicable) and the return on plan assets (excluding net interest), is reflected immediately in the Balance Sheet with a charge or credit recognised in other comprehensive income in the period in which they occur.

Re-measurement recognised in other comprehensive income is reflected immediately in OCI Reserve and will not be reclassified to Consolidated Statement of Profit and Loss.

Bonus Payable:

The Company recognised a liability and an expense for bonus. The Company recognised a provision where contractually obliged or where there is a past practice that has created a constructive obligation.

21. Lease

The Company, at the inception of a contract, assesses whether the contract is a lease or not lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a time in exchange for a consideration. This policy has been applied to contracts existing and entered into on or after April 1, 2019 as per Ind As 116.

The Company recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.

The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term.

The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the Company’s incremental borrowing rate. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Company’s estimate of the amount expected to be payable under a residual value guarantee, or if the Company changes its assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.

The Company has elected not to recognise right-of-use assets and lease liabilities for short-term leases that have a lease term of 12 months or less and leases of low-value assets. The Company recognises the lease payments associated with these leases as an expense over the lease term.

In the comparative period, leases under which the Company assumes substantially all the risks and rewards of ownership are classified as finance leases. When acquired, such assets are capitalized at fair value or present value of the minimum lease payments at the inception of the lease, whichever is lower. Lease payments and receipts under operating leases are recognised as an expense and income respectively, on a straight line basis in the consolidated statement of profit and loss over the lease term except where the lease payments are structured to increase in line with expected general inflation.

In accordance with the standard the company has elected not to apply the requirements of Ind AS 116 to short term leases less than 12 months.

22. Trade receivable

Trade receivables are amounts due from customers for goods sold or services performed in the ordinary course of business. If the receivable is expected to be collected within a period of 12 months or less from the reporting date (or in the normal operating cycle of the business, if longer), they are classified as current assets otherwise as non-current assets.

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Trade receivables are measured at their transaction price unless it contains a significant financing component or pricing adjustments embedded in the contract.

23. Financial Instruments

Initial Recognition and Measurement:

Financial assets (other than trade receivables) and financial liabilities (other than trade payables) are recognized when the Company becomes a party to the contractual provisions of the financial instrument and are measured initially at fair value adjusted for transaction costs, except for those carried at fair value through Consolidated Statement of Profit and Loss which are measured initially at fair value.

Trade receivables are recognised at their transaction value as the same do not contain significant financing component. Trade payable is in respect of the amount due on account of goods purchased in the normal course of business are recognised at their transaction value as the same do not contain significant financing component.

(I) Financial Assets:

Classification and Subsequent Measurement:

The Company classifies financial assets as subsequently measured at amortised cost, fair value through other comprehensive income (FVTOCI) or fair value through profit or loss (FVTPL) on the basis of both

• (a) Business model for managing the financial assets, and

• (b) The contractual cash flow characteristics of the financial asset

• A Financial Asset is measured at amortised cost if both of the following conditions are met:

• (i) the financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows, and

• (ii) the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

A financial asset is measured at fair value through Other Comprehensive Income (FVTOCI) if both of the following conditions are met:

• (i) the financial asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and

• (ii) the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

A Financial Asset shall be classified and measured at fair value through profit or loss (FVTPL) unless it is measured at amortised cost or at fair value through OCI.

All recognised financial assets are subsequently measured in their entirety at either amortised cost or fair value, depending on the classification of the financial assets.

Equity Investments:

Equity investments in Associates are out of scope of Ind AS 109 and hence, the Company has accounted for its investment in Associates at cost. All other equity investments are measured at fair value.

Equity instruments, which are held for trading are classified as at FVTPL. For equity instruments other than held for trading, the company has exercised irrevocable option to recognize in other comprehensive income subsequent changes in the fair value.

Derecognition of financial assets:

The Company derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party. If the Company neither transfers nor retains substantially all the risks and rewards of ownership and continues to control the transferred asset, the Company recognises its retained interest in the asset and an associated liability for amounts it may have to pay. If the Company retains substantially all the risks and rewards of ownership of a transferred financial asset, the Company continues to recognise the financial asset and also recognises an associated liability.

On derecognition of a financial asset, the difference between the asset’s carrying amount and the sum of the consideration received and receivable and the cumulative gain or loss that had been recognised in other comprehensive income and accumulated in equity is recognised in the Consolidated Statement of profit and loss or transfer to retained earnings, as the case may be.

– 81 –

Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

(II) Financial Liabilities and Equity Instruments

Classification as Debt or Equity:

Debt and equity instruments issued by the Company are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangements and the definitions of a financial liability and an equity instrument.

Equity instruments:

An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recognised at the proceeds received, net of direct issue costs.

Financial liabilities:

Financial liabilities are classified, at initial recognition:

• At fair value through Consolidated Statement of Profit and Loss,

• Loans and borrowings, payables, or

• As derivatives designated as hedging instruments in an effective hedge, as appropriate.

All financial liabilities are recognised initially at fair value and in the case of loans and borrowings and payables, they are recognised net of directly attributable transaction costs.

The Company’s financial liabilities include trade and other payables, loans and borrowings, including bank overdrafts, financial guarantee contracts and derivative financial instruments.

Subsequent Measurement:

The measurement of financial liabilities depends on their classification, as described below:

Financial Liabilities at FVTPL:

Financial liabilities at FVTPL include financial liabilities held for trading and financial liabilities designated upon initial recognition as at FVTPL. Financial liabilities are classified as held for trading, if they are incurred for the purpose of repurchasing in the near term. This category also includes derivative financial instruments entered into by the company that are not designated as hedging instruments in hedge relationships as defined by Ind AS 109. Separated embedded derivatives are also classified as held for trading unless they are designated as effective hedging instruments.

Gains or losses on liabilities held for trading are recognised in the Consolidated statement of profit and loss. Financial liabilities designated upon initial recognition at FVTPL are designated as such at the initial date of recognition, and only if the criteria in Ind AS 109 are satisfied.

Loans and Borrowings:

After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the Effective Interest Rate (EIR) method. Gains and losses are recognised in the Consolidated Statement of Profit and Loss when the liabilities are derecognised as well as through the EIR amortization process.

Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortization is included as finance costs in the Consolidated Statement of Profit and Loss.

Derecognition of Financial Liabilities:

The Company de-recognises financial liabilities when and only when, the Company’s obligations are discharged, cancelled or have expired. The difference between the carrying amount of the financial liability de-recognised and the consideration paid and payable is recognised in the consolidated statement of profit and loss or transfer to retained earnings, as the case may be.

24. Provisions and contingent liabilities

Provisions:

A Provision is recorded when the Company has a present obligation (legal or constructive)as a result of past events, it is probable that an outflow of resources will be required to settle the obligation and the amount can be reasonably estimated.

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Contingent liabilities:

Whenever there is possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity or a present obligation that arises from past events but is not recognised because (a) it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or (b) the amount of the obligation cannot be measured with sufficient reliability are considered as contingent liability.

Show cause notices are not considered as Contingent Liabilities unless converted into demand.

Contingent Assets:

Contingent assets are not recognised in the financial statements since this may result in recognition of income that may never be realized. However, when the realization of income is virtually certain, then the related assets is not a contingent assets and is recognised.

25. Investment in Associates

The investments in associates are carried in these consolidated financial statements at historical cost except when the investment, or a portion thereof, is classified as held for sale, in which case it is accounted for as Non-current assets held for sale and discontinued operations.

When the Company is committed to a sale plan involving disposal of an investment, or a portion of an investment in an associate the investment or the portion of the investment that will be disposed off is classified as held for sale when the criteria described above are met.

Any retained portion of an investment in an associate that has not been classified as held for sale continues to be accounted for at historical cost.

Upon loss of significant influence over the associate the Company measures and recognises any retained investment at its fair value. Any difference between the carrying amount of the associate and the fair value of retained investment and proceeds from disposal is recognised in Consolidated Statement of Profit and Loss.

26. Cash Dividend to Equity Holders of the Company

The Company recognises a liability to make cash distributions to equity holders of the Company when the distribution is authorised and the distribution is no longer at the discretion of the Company. As per the corporate laws in India, a distribution is authorised when it is approved by the shareholders. A corresponding amount is recognised directly in equity.

27. Earnings per share

Basic earnings per share are calculated by dividing the Net Profit or Loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period.

For the purpose of calculating diluted earnings per share, the Net Profit or Loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period are considered for the effects of all dilutive potential equity shares.

– 83 –

Annual Report 2020-2021

Informed Technologies India Limited

Note - 2 Property, plant and equipment F.Y.2020-21	Sr. No. Particulars GROSS BLOCK ACCUMULATED DEPRECIATION NET BLOCK As at 1st April, 2020 Additions Disposals /De- recognition during the year As at 31st March, 2021 As at 1st April, 2020 Additions Disposals /De- recognition during the year As at 31st March, 2021 As at 31st March, 2021 As at 31st March, 2020	Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.	(a) Buildings : Buildings freehold 1,96,46,326 - - 1,96,46,326 70,56,699 3,32,000 - 73,88,699 1,22,57,627 1,25,89,627 Buildings leasehold 85,37,100 - - 85,37,100 20,18,756 1,34,301 - 21,53,057 63,84,043 65,18,344 (b) Plant and equipment - - - - - - - - - - (c') Furniture and fxtures 37,35,004 - - 37,35,004 21,85,309 1,66,617 - 23,51,926 13,83,078 15,49,695 (d) Vehicles 1,47,09,351 - 23,01,007 1,24,08,344 67,41,952 14,12,424 21,85,957 59,68,419 64,39,925 79,67,399 (e') Offce equipment 35,14,102 3,17,844 - 38,31,946 24,62,294 2,90,912 - 27,53,206 10,78,742 10,51,808 (f) Computers 32,55,361 1,82,700 - 34,38,061 23,20,497 3,61,168 - 26,81,665 7,56,396 9,34,864 (g) Electrical installation 14,85,347 - - 14,85,347 10,50,115 62,344 - 11,12,459 3,72,888 4,35,232 Total 5,48,82,591 5,00,544 23,01,007 5,30,82,128 2,38,35,622 27,59,767 21,85,957 2,44,09,432 2,86,72,698 3,10,46,969 F.Y.2019-20*	Sr. No. Particulars GROSS BLOCK ACCUMULATED DEPRECIATION NET BLOCK As at 1st April, 2019 Additions Disposals /De- recognition during the year As at 31st March, 2020 As at 1st April, 2019 Additions Disposals /De- recognition during the year As at 31st March, 2020 As at 31st March, 2020 As at 31st March, 2019	Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.	(a) Buildings : Buildings freehold 1,96,46,326 - - 1,96,46,326 67,24,699 3,32,000 - 70,56,699 1,25,89,627 1,29,21,627 Buildings leasehold 85,37,100 - - 85,37,100 18,84,455 1,34,301 - 20,18,756 65,18,344 66,52,645 (b) Plant and equipment - - - - - - - - - (c') Furniture and fxtures 25,44,926 11,90,078 - 37,35,004 21,07,757 77,552 - 21,85,309 15,49,695 4,37,169 (d) Vehicles 1,03,66,555 43,42,796 - 1,47,09,351 51,49,614 15,92,338 - 67,41,952 79,67,399 52,16,941 (e') Offce equipment 28,70,385 6,43,717 - 35,14,102 21,44,034 3,18,260 - 24,62,294 10,51,808 7,26,351 (f) Computers 23,78,528 8,76,833 - 32,55,361 21,53,961 1,66,536 - 23,20,497 9,34,864 2,24,567 (g) Electrical installation 14,85,347 - - 14,85,347 9,87,800 62,315 - 10,50,115 4,35,232 4,97,547 Total 4,78,29,167 70,53,424 - 5,48,82,591 2,11,52,320 26,83,302 - 2,38,35,622 3,10,46,969 2,66,76,847 Vehicles acquired under fnance lease is recognized under PPE as substantially all the signifcant risk and rewards incidental to ownership of vehicles under lease have been transferred to the Company.

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Annual Report 2020-2021

Informed Technologies India Limited

Note - 3 Investment Property F.Y.2020-21 Sr. No. Particulars GROSS BLOCK ACCUMULATED DEPRECIATION NET BLOCK As at 1st April, 2020 Additions Disposals /De- recognition during the year As at 31st March, 2021 As at 1st April, 2020 Additions Disposals /De- recognition during the year As at 31st March, 2021 As at 31st March, 2021 As at 31st March, 2020 Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. (a) Buildings : Offce Premises-freehold 43,53,726 - - 43,53,726 20,71,584 1,08,656 - 21,80,240 21,73,486 22,82,142 Total 43,53,726 - - 43,53,726 20,71,584 1,08,656 - 21,80,240 21,73,486 22,82,142 F.Y.2019-20	Sr. No. Particulars GROSS BLOCK ACCUMULATED DEPRECIATION NET BLOCK As at 1st April, 2019 Additions Disposals /De- recognition during the year As at 31st March, 2020 As at 1st April, 2019 Additions Disposals /De- recognition during the year As at 31st March, 2020 As at 31st March, 2020 As at 31st March, 2019	Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.	(a) Buildings : Offce Premises-freehold 43,53,726 - - 43,53,726 19,62,928 1,08,656 - 20,71,584 22,82,142 23,90,798 Total 43,53,726 - - 43,53,726 19,62,928 1,08,656 - 20,71,584 22,82,142 23,90,798 (a) Information regarding income and expenditure of investment property: Particulars year ended 2021 (Rs.) year ended 2020 (Rs.) I Rental income from investment property 13,00,000 1,41,71,600 II Direct expenses: Contribute to rental income (including R&M) III Proft before depreciation and indirect expenses (I - II) 13,00,000 1,41,71,600 IV Depreciation 1,08,656 1,08,656 V Proft before indirect expenses 11,91,344 1,40,62,944 (b)The fair value of the Company’s Investments properties as at March 31, 2021 have been arrived at on the basis of valuation carried out as at the respective dates by management based on ready reckoner valuation published by local goverment with the authority which governs the valuer in India. Fair value of investment properties: As at 31st March, 2021 (Rs.) As at 31st March, 2020 (Rs.) Offce premises 18,91,96,000 18,91,96,000

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Informed Technologies India Limited

Annual Report 2020-2021

Note - 4 Other intangible assets F.Y.2020-21 Sr. No. Particulars GROSS BLOCK ACCUMULATED DEPRECIATION NETBLOCK As at 1st April, 2020 Additions Disposals /De- recognition during the year As at 31st March, 2021 As at 1st April, 2020 Additions Disposals /De- recognition during the year As at 31st March, 2021 As at 31st March, 2021 As at 31st March, 2020 Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. (a) Computer software 9,61,729 - - 9,61,729 9,16,186 - - 9,16,186 45,543 45,543 Total 9,61,729 - - 9,61,729 9,16,186 - - 9,16,186 45,543 45,543 F.Y.2019-20 Sr. No. Particulars GROSS BLOCK ACCUMULATED DEPRECIATION NETBLOCK As at 1st April, 2019 Additions Disposals /De- recognition during the year As at 31st March, 2020 As at 1st April, 2019 Additions Disposals /De- recognition during the year As at 31st March, 2020 As at 31st March, 2020 As at 31st March, 2019 Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. (a) Computer software 9,61,729 - - 9,61,729 9,03,789 12,397 - 9,16,186 45,543 57,940 Total 9,61,729 - - 9,61,729 9,03,789 12,397 - 9,16,186 45,543 57,940 Note - 5 Intangible assets under development F.Y.2020-21	Sr. No. Particulars GROSS BLOCK ACCUMULATED DEPRECIATION NET BLOCK As at 1st April, 2020 Additions Disposals /De- recognition during the year As at 31st March, 2021 As at 1st April, 2020 Additions Disposals /De- recognition during the year As at 31st March, 2021 As at 31st March, 2021 As at 31st March, 2020	Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.	(a) Intangible asset under development 18,14,238 - 18,14,238 - - - - - - 18,14,238 Total 18,14,238 - 18,14,238 - - - - - - 18,14,238	Sr. No. Particulars GROSS BLOCK ACCUMULATED DEPRECIATION NETBLOCK As at 1st April, 2019 Additions Disposals /De- recognition during the year As at 31st March, 2020 As at 1st April, 2019 Additions Disposals /De- recognition during the year As at 31st March, 2020 As at 31st March, 2020 As at 31st March, 2019	Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.	(a) Intangible asset under development 18,14,238 - - 18,14,238 - - - - 18,14,238 18,14,238 Total 18,14,238 - - 18,14,238 - - - - 18,14,238 18,14,238

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Note - 6

Non-current financial assets - investments

Note - 6 Non-current fnancial assets - investments
Particulars	Face value (Rs.) Numbers as at 31st March 2021		As at 31st March, 2021 (Rs.) As at 31st March, 2020 (Rs.)
Investment in equity instruments Unquoted Entecres Labs Private Ltd. 10 4,680 1,41,21,804 1,37,14,917 Gras Education and Training Service P Ltd. 10 1,59,957 1,58,96,527 1,58,96,527 3,00,18,331 2,96,11,444 Quoted Others: Carried at fair value through other comprehensive income (FVTOCI) Gujarat Steel Tubes Ltd. 10 180 375 375 Nagpur Power & Industries Ltd. 10 2,54,232 90,50,659 86,05,753 Zenith Birla (I) Ltd. 10 2,67,484 1,73,865 1,17,693 92,24,899 87,23,821 Total 3,92,43,230 3,83,35,265 Other details: i Aggregate book value of: Particulars As at 31st March, 2021 (Rs.) As at 31st March, 2020 (Rs.) Quoted investments 92,24,899 87,23,821 Unquoted investments 3,00,18,331 2,96,11,444 3,92,43,230 3,83,35,265 Aggregate market value of quoted investments 92,24,899 87,23,821 Aggregate impairment in value of investments - - ii Disclosure requirement of Ind AS 107- fnancial instruments : disclosure: Equity instrument (other than subsidiary and associates) designated at FVTOCI:	10 10 10 10 10	4,680 1,59,957 180 2,54,232 2,67,484	1,41,21,804 1,37,14,917 1,58,96,527 1,58,96,527
			3,00,18,331 2,96,11,444
			375 375 90,50,659 86,05,753 1,73,865 1,17,693
			92,24,899 87,23,821
			3,92,43,230 3,83,35,265
				As at 31st March, 2020 (Rs.)
				87,23,821 2,96,11,444
				3,83,35,265
				87,23,821 -

These investment have been designated on initial recognition to be measured at FVTOCI as these are and not intended for sale. Particulars As at 31st March, 2021 (Rs.) Note - 7 Non-current tax assets/(liabilities) (Net) Provision for taxation (2,54,22,998) Income tax paid 2,75,47,759 Less: MAT credit entitlement - Total 21,24,761 Note - 8 Deferred tax assets (Net) Opening balance 40,29,451 Add: DTL for the year (14,41,477) Less: MAT credit entitlement - Total 25,87,974

long-term investment As at 31st March, 2020 (Rs.) (2,47,97,000) 2,85,34,990 - 37,37,990 (20,50,018) 60,79,469 - 40,29,451

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Informed Technologies India Limited

Annual Report 2020-2021

Informed Technologies India Limited Annual Report 2020-2021	Informed Technologies India Limited Annual Report 2020-2021	Informed Technologies India Limited Annual Report 2020-2021	Informed Technologies India Limited Annual Report 2020-2021
NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2021
Particulars		As at	As at
		31st March, 2021	31st March, 2020
		(Rs.)	(Rs.)
Note - 9
Other non-current assets
Security deposits		7,54,880	7,54,880
Advances to supplier for goods and services		2,15,901	2,15,900
Total		9,70,781	9,70,780
Note - 10
Current fnancial assets - investments Carried at fair value through proft and loss	(FVTPL)
Quoted
Investment in equity instruments		5,60,64,805	4,13,22,786
Investment in mutual funds		-	-
Unquoted
Investment in Alternate Investment Funds		50,00,000	-
Total		6,10,64,805	4,13,22,786
Other details:
i Aggregate book value of:
Quoted investments		5,60,64,805	4,13,22,786
Unquoted investments		50,00,000	-
		6,10,64,805	4,13,22,786
Aggregate market value of quoted investments		5,60,64,805	4,13,22,786
Aggregate impairment in value of investments		-	-
Note - 11
Trade receivables
(Unsecured, unless otherwise stated)	6,49,713
Considered good		29,97,228	19,77,448
Doubtful		-	-
Total		29,97,228	19,77,448
Note - 12
Cash and cash equivalents
Balance with banks:
In Current accounts		47,82,496	31,74,609
In Deposit accounts		67,665	63,907
In EEFC accounts		37,745	21,221
Cash on hand		25,493	24,568
Total		49,13,398	32,84,305
Note - 13
Bank balance other than mentioned in cash	and cash equivalents
Earmarked balances with banks
Unclaimed dividend		6,49,713	8,51,831
Total		6,49,713	8,51,831

Note: There are no amounts due and outstanding to be credited to the investor education and protection fund as at 31[st] March, 2021

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Informed Technologies India Limited Annual Report 2020-2021 NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2021	Informed Technologies India Limited Annual Report 2020-2021 NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2021	Informed Technologies India Limited Annual Report 2020-2021 NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2021	Informed Technologies India Limited Annual Report 2020-2021 NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2021	nual Report 2020-2021 MARCH, 2021
Particulars As at 31st March, 2021 (Rs.) As at 31st March, 2020 (Rs.) Note - 14 Other current assets Balance with statutory/government authorities 21,12,589 17,44,708 Prepaid expenses 4,55,140 3,47,277 Advances to supplier for services 2,27,356 22,15,517 Advances to employees 2,25,356 2,24,544 Other receivables 6,356 36,157 Total 30,26,796 45,68,202 Note - 15 Equity Share Capital : Particulars As at 31st March, 2021 As at 31st March, 2020 No. of shares Value No. of shares Value Authorized Capital Equity shares of Rs. 10/- each 70,00,000 7,00,00,000 70,00,000 7,00,00,000 15% ‘A’ cumulative redeemable preference shares of Rs. 100/- each 50,000 50,00,000 50,000 50,00,000 70,50,000 7,50,00,000 70,50,000 7,50,00,000 Issued, Subscribed and Paid-up Equity Shares of Rs. 10/- each fully paid up 41,69,100 4,16,91,000 41,69,100 4,16,91,000 Total 41,69,100 4,16,91,000 41,69,100 4,16,91,000 a Reconciliation of the number of shares outstanding is set out below: Particulars Number of Shares As at 31st March, 2021 As at 31st March, 2020 As at 31st March, 2019 Equity shares at the beginning of the year 41,69,100 41,69,100 41,69,100 Add: shares issued during the year - - - Less: shares cancelled/bought back during the year - - - Equity shares at the end of the year 41,69,100 41,69,100 41,69,100				As at 31st March, 2020 (Rs.)
				17,44,708 3,47,277 22,15,517 2,24,544 36,157
				45,68,202
	70,50,000 7,50,00,000		70,50,000 7,50,00,000
	41,69,100 4,16,91,000		41,69,100 4,16,91,000
	41,69,100 4,16,91,000		41,69,100 4,16,91,000
			Number of Shares As at 31st March, 2020 As at 31st March, 2019
		41,69,100 - - 41,69,100	41,69,100 41,69,100 - - - - 41,69,100 41,69,100

b The equity shares of the company having voting rights and are subject to the restriction as prescribed under the companies Act, 2013.

c Disclosure pursuant to note no. 6(D) (h,i,j,k,l) of part I of schedule III of companies act, 2013 is NIL.

d Shareholders holding more than 5% of the aggregate shares in the company

Particulars	As at 31st March, 2021	As at 31st March, 2021	As at 31st March, 2020	As at 31st March, 2020
	No. of shares	% of holdings	No. of shares	% of holdings
Authorized Capital
Khandelwals Limited*	26,78,220	64.24	26,78,220	64.24
Life Insurance Corporation of India Ltd.	3,84,750	9.23	3,84,750	9.23

*Khandelwals Limited is registered outside India i.e. 10 Orange Street, London , United Kingdom

e During the financial year 2020-21 company has transferred 20,592 number of equity shares to IEPF account as per MCA general circular no. 12/2017 and section 124(6).

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Note - 16

Other Equity

Particulars	Reserves and surplus	Items of other comprehensive income Total Items that will not be reclassifed toproft and loss Equity instruments Other items	Items of other comprehensive income Total Items that will not be reclassifed toproft and loss Equity instruments Other items	Items of other comprehensive income Total Items that will not be reclassifed toproft and loss Equity instruments Other items
	General reserve Retained earnings
Balance as at 1st April 2019 Proft/(Loss) for the year Proposed dividend on equity shares Tax paid thereon Transfer to retained earnings Re-measurement of gain/(loss) on defned beneft plans (Net of tax) Fair value gain/(loss) of equity instruments through other comprehensive income (net of tax) Balance as at 31st March, 2020 Proft/(Loss) for the year Proposed dividend on equity shares Tax paid thereon Transfer to retained earnings Re-measurement of gain/(loss) on defned beneft plans (Net of tax) Fair value gain/(loss) of equity instruments through other comprehensive income (net of tax) Balance as at 31st March, 2021 Particulars Note - 17 Secured Term loan from banks Total	11,04,07,865 (1,04,74,388)		(48,23,971) (91,854) 9,50,17,654
	- (1,16,94,985) - - - - - - - - - -		- - (1,16,94,985) - - - - - - - - - - (8,98,757) (8,98,757) (20,41,689) - (20,41,689)
	11,04,07,865 (2,21,69,373)		(68,65,660) (9,90,611) 8,03,82,223
	- 1,85,92,246 - - - - - - - - - -		- - 1,85,92,246 - - - - - - - - - - (3,64,137) (3,64,137) 5,01,078 - 5,01,078
	11,04,07,865 (35,77,127)		(63,64,582) (13,54,748) 9,91,11,410
			As at 31st March, 2021 (Rs.) 20,34,752 20,34,752	As at 31st March, 2020 (Rs.)
				30,59,634
				30,59,634

Term loan consist of:

(1) Kotak Mahindra Prime Ltd having fixed interest @ 9.36% p.a. secured by hypothecation of motor car purchased under the loan. Repayment is to be made in 60 equated monthly instalments (EMI) of Rs 64,426/- each till July, 2024 of which principal sum therein totaling to Rs 1,614,867/-payable over balance 28 EMI’s are long term maturities.

(2) Axis Bank Ltd having fixed interest @7.86% p.a. secured by hypothecation of motor car purchased under the loan. Repayment is to be made in 60 equated monthly instalments (EMI) of Rs 40,421/- each till February, 2023 of which principal sum therein totaling to Rs 419,871/-payable over balance 11 EMI’s are long term maturities.

Note - 18 Provisions Provision for Employee Benefts: Gratuity Leave encashment Total	17,07,595 6,27,854 23,35,449	18,21,922 6,42,018
		24,63,940

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Informed Technologies India Limited

Annual Report 2020-2021

Informed Technologies India Limited	Annual Report 2020-2021	Annual Report 2020-2021
NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE	YEAR ENDED 31ST MARCH, 2021
Particulars	As at	As at
	31st March, 2021	31st March, 2020
	(Rs.)	(Rs.)
Note - 19
Deferred tax liabilities (Net)
Opening Balance	-	-
Add: DTL for the year	-	-
Less: MAT credit entitlement	-	-
Total	-	-
Note - 20
Other non-current liabilities
Security deposits	-	8,25,522
Other liabilities	-	71,859
Total	-	8,97,381
Note - 21
Borrowings
Current maturity of term loans from bank	10,24,882	11,50,433
Total	10,24,882	11,50,433
Note - 22
Trade Payables
Dues to micro, small and medium enterprises (MSME)	-	-
Dues to others	7,07,038	10,28,177
Total	7,07,038	10,28,177
(i) Total outstanding dues of micro, small and medium enterprises (MSME):
The principal amount and the interest due thereon remaining unpaid to	-	-
any supplier at the end of each accounting year.
The amount of interest paid by the buyer in terms of section 16 of the	-	-
micro, small and medium enterprises development act, 2006, along with
the amount of the payment made to the supplier beyond the appointed
day during each accounting year.
The amount of interest due and payable for the period of delay in making payment but without adding the interest specifed under the micro, small and medium enterprises development act, 2006.	-	-
The amount of interest accrued and remaining unpaid at the end of each	-	-
accounting year end.
The amount of further interest remaining due and payable even in the	-	-
succeeding years, until such date when the interest dues above are
actually paid to the small enterprise, for the purpose of disallowance of a
deductible expenditure under section 23 of the micro, small and medium
enterprises development act, 2006.

(ii) The balance of trade payables are subject to confirmation.

(iii) The information has been given in respect of such vendor to the extent they could be identified as micro and small enterprises on the basis of information available with the company.

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Particulars Note - 23 Other current liabilities Statutory liabilities Unclaimed dividend Other payables Provision for expenses Advance from Customer Total Movement of provisions during the year as required by Ind AS -37 - assets’ : Provision for expenses: Balance at the beginning of the year Add: created during the year Less: settled/reversed during the year Balance at the end of the year Particulars Note - 24 Sale of services Total Note - 25 Other income Interest income Dividend income Proft/ (loss) on sale of : Investment (net) - mutual funds units Investment (net) - equity instruments Gain/(Loss) on fair valuation of current investments (measure at FVTPL) Rental income Other non-operating income Proft on sale of fxed assets Sundry balance w/off Total Note - 26 Employee beneft expenses Salaries and wages, including bonus and ex-gratia Contribution to provident and other funds Staff welfare expenses Gratuity and leave salary Training expenses Staff bus charges Total	As at 31st March, 2021 (Rs.) As at 31st March, 2020 (Rs.) 1,94,984 4,52,748 6,49,713 8,51,831 (2,367) 2,42,993 7,23,552 6,26,591 - 14,20,000 15,65,882 35,94,163 ‘provisions, contingent liabilities and contingent 6,26,591 4,54,851 20,29,914 18,00,361 19,32,953 16,28,621 7,23,552 6,26,591 For the year ended 31st March, 2021 (Rs.) For the year ended 31st March, 2020 (Rs.) 2,56,15,962 1,89,41,498 2,56,15,962 1,89,41,498 53,799 36,164 2,93,746 6,68,284 10,088 - 60,59,655 (81,191) 1,80,48,755 (1,58,38,260) 13,00,000 1,44,91,521 25,000 22,399 62,916 - (18,14,162) (2,04,221) 2,40,39,797 (9,05,304) 1,32,04,537 1,51,52,369 6,84,308 7,02,042 3,52,971 3,99,511 5,58,567 4,98,874 2,715 2,989 - 7,72,265 1,48,03,098 1,75,28,049	As at 31st March, 2021 (Rs.) As at 31st March, 2020 (Rs.) 1,94,984 4,52,748 6,49,713 8,51,831 (2,367) 2,42,993 7,23,552 6,26,591 - 14,20,000 15,65,882 35,94,163 ‘provisions, contingent liabilities and contingent 6,26,591 4,54,851 20,29,914 18,00,361 19,32,953 16,28,621 7,23,552 6,26,591 For the year ended 31st March, 2021 (Rs.) For the year ended 31st March, 2020 (Rs.) 2,56,15,962 1,89,41,498 2,56,15,962 1,89,41,498 53,799 36,164 2,93,746 6,68,284 10,088 - 60,59,655 (81,191) 1,80,48,755 (1,58,38,260) 13,00,000 1,44,91,521 25,000 22,399 62,916 - (18,14,162) (2,04,221) 2,40,39,797 (9,05,304) 1,32,04,537 1,51,52,369 6,84,308 7,02,042 3,52,971 3,99,511 5,58,567 4,98,874 2,715 2,989 - 7,72,265 1,48,03,098 1,75,28,049	As at 31st March, 2020 (Rs.)
			4,52,748 8,51,831 2,42,993 6,26,591 14,20,000
			35,94,163
			6,26,591
			For the year ended 31st March, 2020 (Rs.)
			1,89,41,498
			1,89,41,498
			36,164 6,68,284 - (81,191) (1,58,38,260) 1,44,91,521 22,399 - (2,04,221)
			(9,05,304)
			1,51,52,369 7,02,042 3,99,511 4,98,874 2,989 7,72,265
			1,75,28,049

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR	THE YEAR ENDED 31ST MARCH, 2021	THE YEAR ENDED 31ST MARCH, 2021
Particulars	For the year ended	For the year ended
	31st March, 2021	31st March, 2020
	(Rs.)	(Rs.)
Note - 27
Finance costs
Interest expenses	3,34,329	6,55,562
Bank charges	80,280	97,958
Total	4,14,609	7,53,520
Note - 28
Other expenses
Advertisement and publicity	1,19,303	1,22,041
Auditors remuneration (Net of GST) Refer Note No. 28.1	4,25,000	3,75,000
Business promotion expenses	25,000	-
Conveyance	6,23,130	10,07,094
Electricity charges	7,92,959	10,85,247
Insurance charges	4,02,743	3,77,712
Legal & consultancy fees	13,76,377	37,71,739
Motor car expenses	5,89,348	2,00,924
Printing & stationery	7,960	63,157
Rates & taxes	6,45,781	6,31,404
Repair to buildings	-	-
Repairs to others	27,09,254	44,29,503
Research and development expenses	-	48,594
Software expenses	1,10,819	33,772
Travelling expenses-director's	-	1,00,274
Travelling expenses-foreign	-	12,78,859
Travelling expenses-others	69,360	1,89,490
Website, internet charges	3,04,126	4,90,548
Miscellaneous expenditures	12,37,370	13,26,450
Foreign exchange fuctuation	5,51,934	2,28,424
Directors Sitting Fees	3,20,000
Total	1,03,10,466	1,57,60,231
Note - 28.1
Auditors’ remuneration (Net of GST)
Audit fees	2,75,000	2,75,000
For taxation matters including tax audit	-	-
For other services	1,50,000	1,00,000
Total	4,25,000	3,75,000
Note - 29
Tax Expenses
Income tax expenses recognized in Statement of Proft and Loss:
Current income tax for the year	16,32,327	-
Deferred Tax:
Deferred income tax for the year	14,41,477	(60,79,469)
MAT Credit entitlement	-	-
Total income tax expense recognized in statement of proft and loss for the year	30,73,804	(60,79,469)

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Reconciliation of estimated income tax expense recognized in statement of profit and loss :

Reconciliation of estimated income tax expense recognized in statement of proft and loss :	Reconciliation of estimated income tax expense recognized in statement of proft and loss :
Particulars Income from continued operation before income taxes Tax effect of adjustments to reconcile expected income tax expense to reported income tax expenses: Income exempt from tax Income taxable under taxable other heads i.e. capital gain, house property and other source Expenses not related to business disallowable Expenses allowed on payment basis Depreciation as per income tax act, 1961 Expenses related to exempt incomes Depreciation as per schedule II of companies act, 2013 Amount Withdrawn from any reserve or Provision Provision for expenses allowed on payment basis Income which is exempt uder Section 10 (other than the provisons contained in clause (38) thereof or Section 11 or Section 12 of the Income-Tax, if any amount is credited to the Proft and loss accounts; 1/5thof Transition amount as per sec. 115JB(2C) Amount Debit to OCI under the head "Items that will not be re-classifed to Proft and Loss" other than gain or loss from investment in equity instruments designated FVTOCI Income from business / book proft Income under capital gains: - Short-term capital gain Income taxable under house property head Income from other sources Taxable income Estimated Income Tax expenses			Year ended 31st March, 2021 (Rs.)
			2,12,59,163 - (2,58,53,221) 15,13,135 48,727 (22,37,343) - 28,68,423 - 2,34,039 - - -
			(21,67,076) 36,48,006 - -
			36,48,006
			6,25,998
Income Tax expense recognized in Statement of Proft and Loss			6,25,998
Particulars Note - 30 Other comprehensive income (OCI) Items that will not be reclassifed to proft and loss Re-measurement gains/ (losses) on defned beneft plans Equity instrument through other comprehensive income Income tax relating to items will not be reclassifed to proft and loss Items that will be reclassifed to proft and loss Debt instruments through other comprehensive income Income tax relating to items will be reclassifed to proft and loss Total (Net)	For the year ended 31st March, 2021 (Rs.) (3,64,137) 5,01,078 - - - 1,36,941		For the year ended 31st March, 2020 (Rs.)
			(8,98,757) (20,41,689) - - -
			(29,40,446)

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Informed Technologies India Limited

Annual Report 2020-2021

Informed Technologies India Limited	Annual Report 2020-2021	Annual Report 2020-2021
NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR	THE YEAR ENDED 31ST MARCH, 2021
Particulars	For the year ended	For the year ended
	31st March, 2021	31st March, 2020
	(Rs.)	(Rs.)
Note - 31
Earnings per equity share (EPS)
Nominal value of equity shares (Rs.)	10	10
Net proft for the year attributable to equity shareholders	1,85,92,246	(1,16,94,985)
Weighted average number of equity shares outstanding during the year	41,69,100	41,69,100
(nos.)
Basic earnings per equity shares (Rs.)	4.46	(2.81)
Dilutive effect on proft
Net proft for the year attributable to equity shareholders for computing diluted EPS	1,85,92,246	(1,16,94,985)
Dilutive effect on weighted average number of equity shares outstanding
during the year
Weighted average number of equity shares for computing diluted EPS	41,69,100	41,69,100
(nos.)
Diluted earnings per equity shares (Rs.)	4.46	(2.81)
Note - 32
Assets given on operating lease
Operating lease receipts recognized in statement of proft and loss	13,00,000	1,41,71,600
The total of future minimum lease receipts under non-cancellable
operating leases are as follows:
For a period not later than one year	-	13,00,000
For a period later than one year and not later than fve years	-	-
For a period later than fve years	-	-
General description of leasing agreements:
i. Lease assets - Offce building	-	-
ii Future lease rentals are determined on the basis of agreed terms	-	-
iii Lease agreements are generally cancellable and are renewable by	-	-
mutual consent on mutually agreed terms

In accordance with the standard the company has elected not to apply the requirements of Ind AS 116 to short term leases less than 12 months.

Note - 33

Segment information

For management purpose, the company comprise of only one reportable segment - Business Process Outsourcing.

The Management monitors the operating results of this segment for the purpose of making decision about resource allocation and performance assessment. Segment information is evaluated based on profit or loss and is measured consistently with profit or loss in the financial statements.

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Particulars	Particulars	For the year ended	For the year ended
		31st March, 2021	31st March, 2020
		(Rs.)	(Rs.)
(i)	Revenue from geographical segments
	India	-	-
	Outside India	2,56,15,962	1,89,41,498
	Total	2,56,15,962	1,89,41,498

(ii) Entire non-current assets of the company are situated in India

(iii) Information about transaction with major customers:

Revenue from one customer of the company is Rs 2.50 Cr (previous year was Rs 1.83 Cr.) which is 97.53%of (previous year was 96.65%) of the company’s total revenue.

Note - 34

Related party disclosures

(i) List of related parties where control exists and related parties with whom transactions have taken place and relationships:

• Sr. No. Name of related party

Nature of relationship

• 1 Khandelwals Limited Holding Company 2 Entecres Labs Private Limited Associate Company

• 3 Nagpur Power & Industries Ltd

• 4 Zeppelin Investments Pvt. Ltd.

• 5 Ramprasad Khandelwal Memorial Trust

• Enterprise that directly, or indirectly through one or more intermediaries, control, or are controlled by, or are under common control with, the reporting enterprise.

• Enterprises owned or significantly influenced by any management personnel or their relatives

• 6 KEY MANAGERIAL PERSONNEL

• i Mr. Gautam P. Khandelwal

Non Executive Director (Chairman)

• ii Mrs. Suelve Khandelwal

ii Mrs. Suelve Khandelwal Wholetime Director iii Mr. Nimis S. Sheth Independent Director iv Mr. Virat Mehta Independent Director

v Ms. Reena Yadav Key Management Personnel vi Mrs. Roshan Dsouza Key Management Personnel

(ii) Transactions during the year with related parties:		For the Year ended 31.03.2021 For the Year ended 31.03.2020
	Holding Company	Subsidiaries Key Managerial Personnel Total Holding Company Subsidiaries Key Managerial Personnel Total
	Rs.	Rs. Rs. Rs. Rs. Rs. Rs. Rs.
1 Sale of services 2 Purchase of services 3 Payment to key managerial personnel - salaries 4 Donation given Outstanding balances: 1 Due to company 2 Due by company	- - - - - -	- - - - - - - - - - - - - - - 39,54,508 39,54,508 - - 41,54,508 41,54,508 - - - - - - -
		- - - - - - - - - - - - - -

Notes:

(a) No amounts have been written off / provided for or written back during the year in respect of debts due from or to related parties.

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Note - 35

Commitments, contingent liabilities and contingent assets:

Note - 35 Commitments, contingent liabilities and contingent assets:
Particulars (a) Contingent liabilities Claims made against the Company/ disputed liabilities not acknowledgment as debts: (i) Legal claims - Income tax matters - under appeal - Other matters (ii) Guarantees (b) Capital commitments (c) Contingent assets	As at 31st March, 2021 (Rs.) - - - - -	As at 31st March, 2020 (Rs.)
		- - - -

Note - 36 Defined benefits plans as per actuarial valuation:

Employee benefits disclosure

i) Gratuity:

Retirement benefits in the form of gratuity liability (being administered by Life Insurance Corporation of India) is a defined benefit obligation and is provided for on the basis of an actuarial valuation made at the end of each financial year.

The present value of obligation is determined based on actuarial valuation using the projected unit credit method as prescribed by the Ind AS-19 - ‘Employee Benefits’, which recognises each period of service as giving rise to additional unit of employee benefit entitlement and measure each unit separately to build up final obligation.

ii) Compensated absences/leave encashment:

The company also extends defined plans in the form of compensated absences/leave encashment to employees. Provisions for compensated absences is made on actuarial valuation basis.

The company is exposed to various risks as regards its obligation towards gratuity benefit and leave salary which are as follows: (i) interest rate risk,(ii) liquidity risk, (iii) salary escalation risk, (iv) regulatory risk, (v) market risk and (vi) investment risk

Particulars	Gratuity Leave encashment
	As at 31st March, 2021 As at 31st March, 2020 As at 31st March, 2021 As at 31st March, 2020
(i) Reconciliation of present value of the obligation: Opening defned beneft obligation Adjustments of: Current service cost Interest cost Actuarial loss/(gain) Liabilities assumed on acquisition/(settled on divestiture) Benefts paid Other (employee contribution, taxes, expenses) Remeasurements - due to fnancial assumptions Remeasurements - due to experience adjustments Closing defned beneft obligation	30,29,320 19,83,115 6,42,018 4,17,306 2,84,842 2,92,694 1,06,349 1,11,153 1,87,708 1,46,484 32,453 28,863 (4,02,905) (1,14,094) (3,10,937) (80,026) (27,301) (22,484) - - (31,237) (24,725) (3,447) (4,855) 2,74,144 7,68,330 1,61,420 1,69,577
	33,14,571 30,29,320 6,27,856 6,42,018

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Particulars	Gratuity Leave encashment
	As at 31st March, 2021 As at 31st March, 2020 As at 31st March, 2021 As at 31st March, 2020
(ii) Reconciliation of fair value of the plan assets: Opening fair value of the plan assets Adjustments of: Return on plan assets Actuarial gain/(loss) Contributions by the employer Assets acquired on acquisition/ (distributed on divestiture) Benefts paid Other (employee contribution, taxes, expenses) Remeasurements - return on assets (excluding interest income) Closing fair value of the plan assets (iii) Net liabilities/(assets) recognised in the balance sheet: Present value of the defned beneft obligation at the end of the period Fair value of the plan assets Net liabilities recognised in the balance sheet Short term liability (iv) Amount recognised in salary and wages under employee benefts expense in the statement of proft and loss: Current service cost Interest on defned beneft obligation (net) Net cost Net charge to the statement of proft and loss (v) Amount recognised in other comprehensive income (OCI) for the year: Changes in fnancial assumptions Experience adjustments Actual return on plan assets less interest on plan assets Recognised in OCI for the year (vi) The major categories of plan assets as a % of total plan: Insurance policies Total	12,21,738 12,54,086 - - 93,042 80,321 - - 7,00,000 14,340 3,10,937 80,026 (4,02,905) (1,14,094) (3,10,937) (80,026) (27,301) (22,484) - - 36,742 9,569 - -
	16,21,316 12,21,738 - -
	33,14,571 30,29,320 6,27,856 6,42,018 16,21,316 12,21,738 - -
	16,93,255 18,07,582 6,27,856 6,42,018
	7,67,917 55,104 95,556 97,695 2,84,842 2,92,694 1,06,349 1,11,153 94,666 66,163 32,453 28,863 3,79,508 3,58,858 1,38,802 1,40,016
	3,79,508 3,58,858 1,38,802 1,40,016
	(31,237) (24,725) (3,447) (4,855) 2,74,144 7,68,330 1,61,420 1,69,577 (36,742) (9,569) - -
	2,06,165 7,34,036 1,57,973 1,64,722
	100% 100% 0% 0%
	100% 100% 0% 0%

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Particulars	Gratuity Leave encashment
	As at 31st March, 2021 As at 31st March, 2020 As at 31st March, 2021 As at 31st March, 2020
(vii) Experience adjustments on present value of DBO and plan assets (Gain)/loss on plan liabilities % of opening plan liabilities (Gain)/loss on plan assets % of opening plan assets (viii) Principal actuarial assumptions: Discount rate Salary escalation rate Withdrawal rate Attrition rate Normal retirement age Adjusted average future service Leave encashment rate during employment Leave availment rate Mortality tables	2,74,144 7,68,330 1,61,420 1,69,577 9.05% 38.74% 25.14% 40.64% 36,742 9,569 - - 3.01% 0.76% - - 6.79% 6.67% 6.79% 6.67% 4.00% 4.00% 4.00% 4.00% 1.00% 1.00% - - - 1.00% 1.00% 58 years 58 years 58 years 58 years 20.00 19.00 - - - 10% 10% - - 2% 2% Indian Assured Lives Mortality (2006-08)

Note - 37

Financial instruments : Fair values measurement

Accounting classification and fair value hierarchy

Carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy, are presented below. It does not include the fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.

The company uses the following hierarchy for determining and disclosing the fair value of financial instruments:

Level 1: inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date;

Level 2: inputs other than quoted prices included within level 1, that are observable for the asset or liability, either directly or indirectly; and

Level 3: If one or more significant inputs is not based on observable market data, the instrument is included in level 3. This is the case for unlisted equity instruments and certain debt instruments which are valued using assumptions from market participants.

Set out below, is a comparison by category of the carrying amounts and fair value of the company’s financial instruments.

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

As on 31[st] March, 2021:

As on 31st March, 2021:
Particulars	Amount in Rs. Carrying amount Fair value Fair value hierarchy FVTPL FVTOCI Amortized
Financial assets Non current: Investments in equity instruments (other than associates) Current: Investments in equity instruments Investments in mutual funds Investments in Alternate Investment Funds Cash and cash equivalents Bank balance other than mentioned in cash and cash equivalents Trade receivables Financial liabilities Borrowings Trade payables Security deposit As on 31st March, 2020: Particulars	- 3,92,43,230 - 3,92,43,230 Level 1 5,60,64,805 - - 5,60,64,805 Level 1 - - - - Level 2 50,00,000 - - 50,00,000 Level 3 - 49,13,398 49,13,398 - - - 6,49,713 6,49,713 - 29,97,228 - - 29,97,228 -
	6,40,62,033 3,92,43,230 55,63,111 10,88,68,374
	- - 30,59,634 30,59,634 - 7,07,038 - - 7,07,038 - - - - - Discounted cash fow method
	7,07,038 - 30,59,634 37,66,672
	Amount in Rs. Carrying amount Fair value Fair value hierarchy FVTPL FVTOCI Amortized
Financial assets Non current: Investments in equity instruments (other than associates) Current: Investments in equity instruments Investments in mutual funds Cash and cash equivalents Bank balance other than mentioned in cash and cash equivalents Trade receivables Financial liabilities Borrowings Trade payables Security deposit	- 3,83,35,265 - 3,83,35,265 Level 1 4,13,22,786 - - 4,13,22,786 Level 1 - - - - Level 2 - 32,84,305 32,84,305 - - - 8,51,831 8,51,831 - 19,77,448 - - 19,77,448 -
	4,33,00,234 3,83,35,265 41,36,136 8,57,71,635
	- - 42,10,067 42,10,067 - 10,28,177 - - 10,28,177 - - - 8,97,381 8,97,381 Discounted cash fow method
	10,28,177 - 51,07,448 61,35,625

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Key inputs:

• Listed equity investments (other than subsidiaries, joint ventures and associates): quoted bid price on stock exchange (Level 1)

• Mutual funds: based on net asset value of the scheme (Level 2)

• The management assessed that fair value of cash and bank balances, trade receivables, loans, trade payables, borrowings , other financial assets and liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments.

• During the reporting period ending 31[st] March, 2021 and 31[st] March, 2020, there was no transfer between Level 1 and Level 2 fair value measurement.

Note - 38

Financial instruments : financial risk management

The Company’s activities exposes it to various risk such as market risk, liquidity risk and credit risks. This section explains the risks which the Company is exposed to and how it manages the risks.

The board of directors (‘board’) oversee the management of these risks through its audit committee. The company’s risk management policy has been formulated by the audit committee and approved by the board. The policy articulates on the company’s approach to address uncertainties in its endeavor to achieve its stated and implicit objectives. It also prescribes the roles and responsibilities of the company’s management, the structure for managing risks and the framework for risk management. The framework seeks to identify, assess and mitigate risks in order to minimize potential adverse effects on the company’s financial performance.

The board of directors reviews and agrees on policies for managing each of these risks, which are summarized below. This note explains the sources of risk which the entity is exposed to and how the entity manages the risk.

Risk	Exposure arising from	Measurement	Management
Credit risk	Trade receivables, other cash and cash equivalents, bank balances	Credit ratings and ageing analysis	Diversifcation of counterparties, investment
	other than cash and cash equivalents,		limits, check on counterparties
	security deposits, loans and other fnancial assets		basis credit rating and number of overdue days
Liquidity risk	Borrowings, trade payables, deposits from dealers and other fnancial liabilities	Maturity analysis	Preparing and monitoring forecasts of cash fows and maintaining suffcient cash and cash equivalents
Market risk- foreign exchange	Financial assets and liabilities	Sensitivity analysis	Exposure limits
	denominated in other than functional
	currency
Market risk- price risk	Investment in equity instruments	Sensitivity analysis	Strategic investment
Market risk- interest rate risk	Security deposits	Sensitivity analysis	Periodical reset of interest
			rate linked to market

1 Credit risk

Credit risk is the risk of financial loss to the company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the company’s receivable from customers and loans and advances. The carrying amount of following financial assets represents the maximum credit exposure:

(i) Trade receivables

The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer in which it operates. Credit risk is managed through credit approvals, establishing credit limits and continuously monitoring the creditworthiness of customers to which the company grants credit terms in the normal course of business.

The Company has established a credit policy under which each customer is analysed individually for creditworthiness before the company’s standard payment terms and conditions are offered.

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

All the trade receivables are realised well with in due dates. Accordingly, management is in the opinion that requirement of provision is not arrised.

As at 31[st] March, 2021, the ageing of trade receivables was as follows;

Particulars Neither past due nor impaired Due 1- 30 days Due 31- 90 days Due 90- 180 days Due 181- 365 days	As at 31st March, 2021 (Rs.) - - 29,97,228 - - 29,97,228	As at 31st March, 2020 (Rs.)
		- - 19,77,448 - -
		19,77,448

(ii) Financial assets other than trade receivables

Credit risk from balances with banks and financial institutions is managed by the CFO in accordance with it’s policy. Surplus funds are parked only within approved investment categories . Investment category is periodically reviewed by the company’s board of directors.

The company held cash and cash equivalents of Rs. 49.13 Lakhs as on 31[st] March, 2021 (Previous year ‘ Rs. 32.84 Lakhs). The cash and cash equivalent’s are held with bank counterparties with good credit ratings.

2 Liquidity risk

Liquidity risk is the risk that the company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damages to the company’s reputation.

Maturity profile of financial liabilities

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted, and include estimated interest payments and exclude the impact of netting agreements.

As on 31[st] March, 2021

As on	31st March, 2021
				Amount in Rs.
	Particulars	Borrowings	Tradepayables	Other fnancial liabilities
(I)	Carrying amount	30,59,634	7,07,038	-
(II)	Contractual cash fow:
	Less than 12 months	10,24,882	7,07,038	-
	More than 12 months	20,34,752	-	-
As on	31st March, 2020
				Amount in Rs.
	Particulars	Borrowings	Tradepayables	Other fnancial liabilities
(I)	Carrying amount	42,10,067	10,28,177	8,97,381
(II)	Contractual cash fow:
	Less than 12 months	11,50,433	10,28,177	-
	More than 12 months	30,59,634	-	8,97,381

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Maturity profile of liquid financial assets

Surplus fund Investments in equity, mutual funds,bonds and deposits etc.

	Period	Carrying amount	Less than 12 months	More than 12 months
31stMarch,	2021	10,03,08,035	6,10,64,805	3,92,43,230
31stMarch,	2020	7,96,58,051	4,13,22,786	3,83,35,265

Company’s surplus funds are more than to total borrowings outstanding as on 31[st] March, 2021. Hence, the liquidity risk is very low.

3 Market risk

Market risk is the risk that changes in market prices - such as foreign exchange rates, interest rates and equity prices - will Market risk is the risk that changes in market prices - such as foreign exchange rates, interest rates and equity prices - will affect the company’s income or the value of its holdings of financial instruments. Market risk is attributable to all market risk sensitive financial instruments including foreign currency receivables and payables and long term debt. Management exposed to market risk primarily related to the market value of investments and interest rate risk. Thus, our exposure to market risk is function of investing and borrowing activities only.

4 Interest rate risk

Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the risk of changes in fair values of fixed interest bearing investments because of fluctuations in interest rates. Cash flow interest rate risk is the risk that the future cash flows of floating interest bearing investments will fluctuate because of fluctuations in interest rates.

Exposure to interest rate risk

Company is not having interest rate risk arises from borrowings, as company is having borrowings with fixed interest rate. The interest rate profile the company’s interest bearing financial instruments as reported to the management of the company.

ompany.
Particulars	Rate of interest
Kotak mahindra prime Ltd - car loan	9.36%
Axis Bank Ltd - car loan	7.86%

Capital management

For the purpose of the company’s capital management, capital includes issued capital and other equity reserves. The primary objective of the company’s capital management is to maximise shareholders value. The company manages its capital structure and makes adjustments in the light of changes in economic environment and the requirements of the financial covenants.

The Company monitors capital using debt to equity ratio.

Particulars Noncurrent borrowings Current borrowings Gross debts Less: Cash and cash equivalents Net debts Total equity Adjusted net debt to equity ratio	As at 31st March, 2021 (Rs.) 20,34,752 10,24,882 30,59,634 49,13,398 (18,53,764) 14,08,02,410 NA	As at 31st March, 2020 (Rs.)
		30,59,634 11,50,433
		42,10,067
		32,84,305
		9,25,762
		12,20,73,223
		NA

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Informed Technologies India Limited

Annual Report 2020-2021

NOTES ON CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH, 2021

Note - 39

Additional Information Details :

1 Event after reporting period:

• No adjusting or significant non-adjusting event have occurred between the 31[st] March, 2021 reporting date and the date of authorization.

• 2 The outbreak of Coronavirus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity. The Company has evaluated impact of this pandamic on its busniess operations and based on its review and current indicators of future economic conditions, there is no significant impact on its financial results.

Note - 40

Share of profit/(loss) of Associate company

Name of Extent of Original cost of Share of post acquisition Carrying amount of Associate Holding(%) Investment Reserve and surplus Investments For the Year For the Year For the Year For the Year ended 31[st] ended 31[st] ended 31[st] ended 31[st] March 2021 March 2020 March 2021 March 2020 Entecres Labs 27.96 1,04,87,880 4,06,887 10,35,507 1,41,21,804 1,37,14,917 Private Limited

As per our report of even date attached For Parekh Sharma & Associates Chartered Accountants Firm's Regn. No. 129301W Sujesh Sharma Partner M. No.:118944

Place: Mumbai Date: 29[th] June, 2021

For and on behalf of the Board of Directors

Suelve Khandelwal Nimis Sheth Executive Director Director (DIN: 00270811) (DIN: 00482739) Roshan Dsouza Reena Yadav Chief Financial Officer Company Secretary (ICSI Reg. No. A36429)

Place: Mumbai Date: 29[th] June, 2021

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Informed Technologies India Limited

Annual Report 2020-2021

FORM AOC- 1

PART “B”: ASSOCIATES AND JOINT VENTURES

Statement pursuant to first proviso to sub- section(3) of section 129 of the companies Act 2013, read with rule 5 of Companies (accounts) Rules, 2014 in the prescribed Form AOC-1 related to Associate Companies and Joint Ventures.

Sr.	Name of the Associate Company	M/s Entecres Labs Private Limited
No
1	Latest Audited Balance Sheet date	31stMarch,2021
2	Shares of Associates/Joint ventures held by the Company on the year end	27.96%
	No’s	4,680
3	Amount of investment in Associates/Joint ventures (Rs.)	1,04,87,880
4	Description of how there is signifcant infuence	Associate
5	Reason why the Associate/Joint venture is not consolidated	Consolidated
6	Net worth attributable to share holding as per latest audited Balance sheet (Rs)	76,86,401
	Proft & Loss for the year (Rs.)	14,55,246
	i. Considered in Consolidation (Rs.)	4,06,887
	ii. Not considered in Consolidation (Rs.)	10,48,359

Notes:

Names of the subsidiaries which are yet to commence operations:- Nil Names of subsdiaries which have been liquidated or sold during the year:- Nil

As per our report of even date attached For and on behalf of the Board of Directors For Parekh Sharma & Associates Chartered Accountants Suelve Khandelwal Nimis Sheth Firm's Regn. No. 129301W Executive Director Director (DIN: 00270811) (DIN: 00482739) Sujesh Sharma Roshan Dsouza Reena Yadav Partner Chief Financial Officer Company Secretary M. No.:118944 (ICSI Reg. No. A36429) UDIN: 21118944AAAALT3067 Place: Mumbai Place: Mumbai Date: 13[th] August, 2021 Date: 13[th] August, 2021

– 105 –

To

If undelivered please return to :

Informed Technologies India Limited `Nirmal’, 20th Floor, Nariman Point, Mumbai – 400 021 Cin: L99999MH1958PLC011001 Website: www.informed-tech.com