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Directors Report of Stampede Capital Ltd.

Mar 31, 2014

Dear Members,

The Directors have pleasure in presenting the Nineteenth Annual Report together with the Audited Accounts for the year ended 31st March, 2014.



FINANCIAL HIGHLIGHTS: ( Rs.)

Particulars Year ended Year ended 31 March, 2014 31 March, 2013

Revenue:

Revenue from operations 239,682,551 376,551,535

Other income 7,847,587 2,349,798

Total Revenue 247,530,138 378,901,333

Expenses

Cost of infra contract works - 216,082,831

Employee benefits expense 21,670,737 20,021,343

Selling and marketing expenses 134,552,052 23,744,814

Finance Cost 7,354 1,250,105

Depreciation and amortisation expense 32,096,011 30,300,513

Other expenses 10,879,181 8,851,862

Total Expenses 199,205,335 300,251,468

Profit / (loss) before extraordinary items and tax 48,324,803 78,649,865

Loss on account of fire accident 58,513,552 -

Profit / (loss) before tax (10,188,749) 78,649,865

Tax expense:

- Current tax 1,021,339 10,495,768

- Deferred tax charge/(credit) (8,696,624) (8,834,211)

- MAT Credit (1,021,339) (4,050,053)

Profit / (Loss) for the year before Minority Interest (1,492,125) 81,038,361

Less: Minority Interest (2) 2,731

Net Profit / (Loss) for the year (1,492,123) 81,035,630

Earnings per equity share Basic / Diluted (0.07) 3.92

REVIEW OF OPERATIONS:

For the financial year ended March 31, 2014, your Company had reported consolidated total revenue of Rs. 2475.30 Lakhs as against Rs. 3789.01 Lakhs during the previous financial year. The company recorded a net loss of Rs. 14.92 lakhs as against net profit of Rs. 810.36 lakhs during the previous financial year. The reason for the loss in the financial year is due to loss on account of fire accident occurred on 10th February, 2014 at the company''s the then registered office to the tune of Rs.585.13 Lakhs. Otherwise the net profit would be Rs. 570.21 lakhs.

Attention of Members is drawn to an extensive damage caused by the Major Fire Accident due to short circuit at the then Registered Office of the Company situated at "Kartheek House", No.8-2-293/174/A25, Ground & First Floor, Road No.14, Banjara Hills, Hyderabad 500034 Andhra Pradesh, India, which completely destroyed the Physical Records, Registers and Other documents upto 10.2.2014 and also affected the Data Processing Equipment, including Computers and Servers placed in that Registered Office. The Company has taken steps for recovering the data from the Backup systems.

DIRECTORS:

In accordance with Section 149, 150, 152 & other applicable provisions if any of the Companies Act, 2013 Mr Dasi Emmanuel, Director of the company retires by rotation at the ensuing Annual General Meeting and being eligible, offers himself for re-appointment.

Mr Vivek Kumar Ratakonda, Mr Venkata Surya Subrahmanya Lakshminarayana Dronamraju and Mr Arumilli

Veerabhadra Rao Independent Directors of the Company be and are hereby appointed for a period of block of 5 years not liable to retire by rotation.

AUDITORS:

The Statutory Auditors, M/s Sarath and Associates, Chartered Accountants, retire at this Annual General Meeting. The Board of Directors pursuant to provisions of Section 139 and other if any of the Companies Act 2013 read with Rules made thereunder recommends appointment of M/s Sarath and Associates, as Statutory Auditors of the Company for a period of block of four years from conclusion of this annual general meeting till the conclusion of 23rd annual general meeting in the calendar year 2018.

PUBLIC DEPOSITS:

The Company has not accepted any deposits within the meaning of Companies Act, 2013 and the rules framed there under.

PARTICULARS OF EMPLOYEES:

None of the employees are in receipt of the remuneration as set out under Companies Act 2013 read with Rules made there under and as such the statement as required under the Companies Act, 2013 is not applicable.

SUBSIDIARIES

Your Company has one wholly owned subsidiary namely Stampede Cloud Services Private Limited.

The Ministry of Corporate Affairs has issued a General Circular No.:2/2011 dated February 8,2011 granting a general exemption to the companies stating the provisions of section 212 of the Companies Act,1956 (Act")"shall not apply in relation to subsidiaries of companies subject to the company fulfilling certain conditions stated in the said circular. The Company is in compliance with the conditions stipulated by the Ministry of Corporate Affairs, therefore, the accounts and related reports of the subsidiary companies are not attached to Annual Report of the company for the year ended March 31, 2014. The Company will make available the accounts related information of the subsidiary companies upon request by any member/investor of the Company or its subsidiaries. Further, the accounts and related information of the subsidiary companies will be kept open for inspection by any Member, at the registered office of the Company and at the registered office of the subsidiaries during office hours of the Company.

EMPLOYEE STOCK OPTION PLANS

Disclosures in accordance with Clause 12 of SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines 1999 are provided in the Annexure ''A'' forming part of this report.

LISTING OF SHARES

The shares of the company are listed on Bombay Stock Exchange Limited (BSE). The listing fee for the year 2014-15 has already been paid to the BSE.

CORPORATE GOVERNANCE:

In accordance with Clause 49 of the Listing Agreement, a report on Corporate Governance along with the Practicing Company Secretary Certificate on compliance of conditions of Corporate Governance is annexed herewith and forms part of this report.

DIRECTORS'' RESPONSIBILITY STATEMENT

In compliance to the provisions of Section 134(3)(c) of the Companies Act, 2013 your Directors confirm the following:

a. in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

b. the directors had 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 and loss of the company for that period;

c. the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

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

e. the directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively;

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

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARINGS AND OUTGO:

The particulars as required under section 134(3)(m) of the Companies Act 2013 read with Rules made there under if any are provided in the Annexure B forming part of this report.

ACKNOWLEDGEMENTS:

Your Directors thank all the members, banks and regulatory and governmental authorities for their continued support. We take this opportunity to place on record our sincere thanks to out Bankers, State and Central Government agencies for their timely support, co-operation and valuable guidance.

Conservation of Energy: The Company uses electric energy for its operations such as air conditioner, computer terminals, lighting and utilities in the work premises. All possible measures have been taken to conserve the energy.

Research and Development: Your Company has a modern R&D facility with a state-of-the-art Technology centre working on various R&D project.

Technology absorption, Adaptation and Innovation: Your Company continues to use state-of-art technology for improving the productivity and quality of its products and services. To create adequate infrastructure, the company continues to invest in the latest hardware and software

For and on behalf of the Board Sd/- Place : Hyderabad Venkat Srinivas Meenavalli Date : 12-07-2014 Chairman & Managing Director


Mar 31, 2013

Dear Members,

The Directors have pleasure in presenting the Eighteenth Annual Report together with the Audited Accounts for the year ended 31st March, 2013.

FINANCIAL HIGHLIGHTS: ( Rs.)

Particulars Year ended 31 Year ended March, 2013 31 March, 2012 Revenue: Revenue from Operations 376,551,535 61,624,235 Other income 2,349,798 1,079,696 Total Revenue 378,901,333 62,703,931 EXPENDITURE: Cost of Securities traded - 15,859,085 Cost of Infra Contract Works 216,082,831 - Employee benefits expense 20,021,343 14,955,646 Selling and Marketing expenses 23,744,814 - Finance costs 1,250,105 2,456,972 Depreciation and amortization expense 30,300,513 25,957,047 Other expenses 8,851,862 15,268,092 Total 300,251,468 74,496,842 Profit/(Loss) Before Tax 78,649,865 (11,792,911) Less: Tax Expense (2,388,496) 3,015,556 Profit/(Loss) After Tax 81,038,361 (14,808,467) Earnings / (Loss) per equity share - Basic/Diluted 3.92 (0.92)

REVIEW OF OPERATIONS:

For the financial year ended March 31, 2013, your Company had reported consolidated total income of Rs. 3789.01 Lakhs as against Rs. 627.04 Lakhs during the previous financial year. The company recorded a net profit of Rs. 810.38 lakhs as against net loss Rs. 148.08 lakhs during the previous financial year.

DIRECTORS:

In accordance with Section 256 of the Companies Act, 1956 Mr A Veerabhadra Rao and Mr Shaik Gouse, Directors of the company retires by rotation at the ensuing Annual General Meeting and being eligible, offers themselves for re-appointment.

Mr Vivek Kumar Ratakonda, as appointed as Additional Director with effect from 15.11.2012 and the Board commends for passing of the respective resolution proposed in the Notice of the Annual General Meeting.

AUDITORS:

The Statutory Auditors, M/s Sarath and Associates, Chartered Accountants, retire at this Annual General Meeting. The Board of Directors recommends appointment of M/s Sarath and Associates, as Statutory Auditors of the Company for the financial year 2013-14.

PUBLIC DEPOSITS:

The Company has not accepted any deposits within the meaning of Section 58A of the Companies Act, 1956 and the rules framed there under.

PARTICULARS OF EMPLOYEES:

None of the employees are in receipt of the remuneration as set out under Section 217(2A) of the Companies Act, 1956 and as such the statement as required under Section 217(2A) of the Companies Act, 1956 is not applicable.

SUBSIDIARIES

Your Company has two wholly owned subsidiaries viz. Stampede Cloud Services Private Limited and Stampede Infra and Properties Private Limited in India.

The Ministry of Corporate Affairs has issued a General Circular No.:2/2011 dated February 8,2011 granting a general exemption to the companies stating the provisions of section 212 of the Companies Act,1956 (Act")"shall not apply in relation to subsidiaries of companies subject to the company fulfilling certain conditions stated in the said circular. The Company is in compliance with the conditions stipulated by the Ministry of Corporate Affairs, therefore, the accounts and related reports of the subsidiary companies are not attached to Annual Report of the company for the year ended March 31, 2013. The Company will make available the accounts related information of the subsidiary companies upon request by any member/investor of the Company or its subsidiaries. Further, the accounts and related information of the subsidiary companies will be kept open for inspection by any Member, at the registered office of the Company and at the registered office of the subsidiaries during office hours of the Company.

EMPLOYEE STOCK OPTION PLANS

Disclosures in accordance with Clause 12 of SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines 1999 are provided in the Annexure ''A'' forming part of this report.

LISTING OF SHARES

The shares of the company are listed on Bombay Stock Exchange Limited (BSE). The listing fee for the year 2013-14 has already been paid to the BSE.

CORPORATE GOVERNANCE:

In accordance with Clause 49 of the Listing Agreement, a report on Corporate Governance along with the Practicing Company Secretary Certificate on compliance of conditions of Corporate Governance is annexed herewith and forms part of this report.

DIRECTORS'' RESPONSIBILITY STATEMENT

In compliance to the provisions of Section 217(2AA) of the Companies Act, 1956, your Directors confirm the following:

(i) that in the preparation of the Annual Accounts, the applicable accounting standards have been followed and no material departures have been made from the same;

(ii) that the directors had 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 or loss of the company for that period;

(iii) that the directors have taken proper and sufficient care 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) that the directors have prepared the annual accounts on a going concern basis.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARINGS AND OUTGO:

The particulars as required under section 217(1)(e) of the Companies Act 1956 read with Companies (Disclosure of Particulars in the report of Board of Directors) Rules, 1988 are provided in the Annexure B forming part of this report.

ACKNOWLEDGEMENTS:

Your Directors thank all the members, banks and regulatory and governmental authorities for their continued support. We take this opportunity to place on record our sincere thanks to out Bankers, State and Central Government agencies for their timely support, co-operation and valuable guidance.

For and on behalf of the Board

Place : Hyderabad Venkat Srinivas Meenavalli Date : 07.09.2013 Chairman & Managing Director


Mar 31, 2011

TO THE MEMBERS OF STAMPEDE CAPITAL LIMITED

The Directors have pleasure in presenting the Sixteenth Annual Report together with the Audited Accounts for the year ended 31st March, 2011.

Financial Highlights:

Particulars Year ended Year ended

2011 2010 Rs. Rs.

INCOME:

Securities Traded 14,318,090 127,756,617

Income from Securities Broking 368,200 623,262

Other Income 1,072,703 818,454

Total 15,758,993 129,198,333

EXPENDITURE:

Cost of Securities Traded 14,440,340 127,676,453

Employees Cost 145,394 4,283,947

Administrative and other 4,800,213 5,076,786

expenses

Interest 569,491 183,673

Depreciation 419,739 339,999

Total 20,375,177 137,560,858

Profit/(Loss) Before Tax (4,616,184) (8,362,522)

Less: Tax Expense - -

Profit/(Loss) After Tax (4,616,184) (8,362,525)

Loss brought forward from (44,273,312) (35,910,787) earlier years

Loss carried forward to (48,889,496) (44,273,312) balance sheet

Earnings / (Loss) per share (0.88) (1.64) Basic/Diluted

REVIEW OF OPERATIONS:

For the financial year ended March 31, 2011, your Company had reported a total income of Rs. 157.59 Lakhs as against Rs. 1291.98 Lakhs during the previous financial year. The company recorded a net loss of Rs.46.16 Lakhs as against net loss Rs 83.62 Lakhs during the previous financial year.

DIRECTORS:

In accordance with Section 256 of the Companies Act, 1956 Mr. A. Veerabhadra Rao, Mr. K. Bhaskara Reddy, Directors of the company retires by rotation at the ensuing Annual General Meeting and being eligible, offers themselves for re- appointment. During the period, Mr. G. Venkatappaiah was resigned from the Board with effect from 22nd July, 2011.

The following Directors were appointed as Additional Directors with effect from 22nd July, 2011.

1. Mr. G. Linga Murthy

2. Mr. K. Avinash

3. Mr. D. Emmanuel and

Mr. G. Linga Murthy and Mr. K. Avinash were appointed as Whole Time Directors of the Company with effect from 22nd July 2011.

Board commends for passing of the respective resolutions proposed in the Notice of the Annual General Meeting.

AUDITORS:

The Statutory Auditors, M/s Sarath and Associates, Chartered Accountants, retire at this Annual General Meeting. The Board of Directors recommends appointment of M/s Sarath and Associates, as Statutory Auditors of the Company for the financial year 2011-12.

PUBLIC DEPOSITS:

The Company has not accepted any deposits within the meaning of Section 58A of the Companies Act, 1956 and the rules framed there under.

PARTICULARS OF EMPLOYEES:

None of the employees are in receipt of the remuneration as set out under Section 217(2A) of the Companies Act, 1956 and as such the statement as required under Section 217(2A) of the Companies Act, 1956 is not applicable.

LISTING OF SHARES

The shares of the company are listed on Bombay Stock Exchange Limited (BSE). The listing fee for the year 2010-11 has already been paid to the BSE. During the year the Company has made a Allotment of 540,570 Equity Shares of Rs.10 each on preferential basis and obtained the necessary approvals as necessary in this regard.

SCHEME OF ARRANGEMENT

Your company has approved the Scheme of Arrangement between the Company and Stampede Holdings Limited in the Extraordinary General Meeting held on 09.04.2011 which was approved by the Hon'ble High Court of Andhra Pradesh on 19th June.2011. Pursuant to the Scheme of arrangement 1,50,00,000 equity shares of the Company were issued and allotted to the shareholders of Stampede Holdings Limited on 22nd July 2011. The provisions of all applicable laws are being complied with in respect of the Scheme of Arrangement.

CHANGE OF NAME

During the year the name of the Company was changed from Brilliant Securities Limited to Stampede Capital Limited and obtained Fresh Certificate of Incorporation consequent upon change of name, from Registrar of Companies, Andhra Pradesh, Hyderabad on July 19, 2011.

CORPORATE GOVERNANCE:

In accordance with Clause 49 of the Listing Agreement, a report on Corporate Governance along with the Practicing Chartered Accountant Certificate on compliance of conditions of Corporate Governance is annexed herewith and forms part of this report.

DIRECTORS' RESPONSIBILITY STATEMENT

In compliance to the provisions of Section 217(2AA) of the Companies Act, 1956, your Directors confirm the following:

(i) that in the preparation of the Annual Accounts, the applicable accounting standards have been followed and no material departures have been made from the same;

(ii) that the directors had 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 or loss of the company for that period;

(iii) that the directors have taken proper and sufficient care 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) that the directors have prepared the annual accounts on a going concern basis.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARINGS AND OUTGO:

The company has no activities relating to Conservation of Energy, Technology Absorption. The company has no Foreign Exchange earnings and Outgo during the year under review.

ACKNOWLEDGEMENTS:

Your Directors thank all the members, banks and regulatory and governmental authorities for their continued support. We take this opportunity to place on record our sincere thanks to out Bankers, State and Central Government agencies for their timely support, co-operation and valuable guidance.

For and on behalf of the Board

G. Linga Murthy K. Avinash

Executive Director Whole Time Director

Place: Hyderabad

Date: 02.09.2011


Mar 31, 2010

The Directors have pleasure in presenting the Fifteenth Annual Report together with the Audited Accounts for the year ended 31 stMarch, 2010.

Financial Highlights:

Particulars Year ended Year ended 2010 2009 Rs. Rs.

Income:

Securities Traded 127,756,617 --

Income from Securities Broking 623,262 --

Other Income 818,454 738,159

Total 129,198,333 738,159

Expenditure:

Cost of Securities Traded 127,676,453 --

Employees Cost 4,283,947 988,081

Administrative and other 5,076,786 3,006,153 expenses

Interest 183,673 --

Depreciation 339,999 245,137

Total 137,560,858 4,239,371

Pnofit/(Loss) Before Tax (8,362,522) (3,501,212)

Less: Tax Expense - 3,186

(Fringe Benefit Tax)

Profit/(loss) After Tax (8,362,525) (3,504,398)

Loss brought forward from (35,910,787) (32,406,389) earlier years

Loss carried forward to (44,273,312) (35,910,787) balance sheet

Earnings / (Loss) per share Basic/Diluted (1.64) (0.69)

Review of Operations:

For the financial year ended March 31, 2010, your Company had reported a total income of Rs. 1291.98 Lacs as against Rs. 7.38 Lacs during the previous financial year. The company recorded a net loss of Rs. 83.62 lacs as against net loss Rs

1 35.04 lacs during the previous financial year.

Directors:

In accordance with Section 256 of the Companies Act, 1956 Mr.D.V.S.S. Lakshminarayana, Director of the company retires by rotation at the ensuing Annual General Meeting and being eligible, offers himself for re-appointment.

Auditors:

The Statutory Auditors, M/s Sarath and Associates, Chartered Accountants, retire at this Annual General Meeting. The Board of Directors recommends appointment of M/s Sarath and Associates, as Statutory Auditors of the Company for the financial year 2010-11.

Public Deposits:

The Company has not accepted any deposits within the meaning of Section 58A of the Companies Act, 1956 and the rules framed there under.

Particulars of Employees:

None of the employees are in receipt of the remuneration as set out under Section 217(2A) of the Companies Act, 1956 and as such the statement as required under Section 217(2A) of the Companies Act, 1956 is not applicable.

Listing of Shares:

The shares of the company are listed on Bombay Stock Exchange Limited (BSE). The listing fee for the year 2010-11 has already been paid to the BSE.

Corporate Governance:

In accordance with Clause 49 of the Listing Agreement, a report on Corporate

Governance along with the Practicing Chartered Accountant Certificate on compliance of conditions of Corporate Governance is annexed herewith and forms part of this report.

Directors Responsibility Statement

In compliance to the provisions of Section 217(2AA) of the Companies Act, 1956, your Directors confirm the following:

(i) that in the preparation of the Annual Accounts, the applicable accounting standards have been followed and no material departures have been made from the same;

(ii) that the directors had 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 or loss of the company for that period;

(iii) that the directors have taken proper and sufficient care 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) that the directors have prepared the annual accounts on a going concern basis.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:

The company has no activities relating to Conservation of Energy, Technology Absorption. The company did not have any Foreign Exchange earnings and Outgo during the year under review.

Acknowledgements:

Your Directors thank all the members, banks and regulatory and governmental authorities for their continued support. We take this opportunity to place on record our sincere thanks to out Bankers, State and Central Government agencies for their timely support, co-operation and valuable guidance.

For and on behalf of the Board

G. Venkatappaiah K.Bhaskara Reddy Whole time Director Director

Place: Hyderabad Date : 01.12.2010



 
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