Directors Report of PFL Infotech Ltd.

Mar 31, 2014

The Members

The Directors have pleasure in presenting the 27th Annual Report of the Company together with the Audited Financial Accounts for the year ended 31st March, 2014

FINANCIAL RESULTS : (Rs. In Lakhs)

Particulars 2013-2014 2012-2013

Net Sales / Income 49.56 40.60

Total Expenditure 10.45 8.65

Gross Operating Profit 39.11 31.96

Interest and Finance Charges 0.00 0.00

Depreciation 0.00 0.00

Loss on Sale of Assets 0.00 0.00

Profit before Tax/Loss 39.11 31.96

Provision for Tax 12.09 9.87

Net Profit/Loss 27.02 22.09

Paid-up Equity Share Capital 747.81 747.81

Reserves excluding Revaluation Reserves 20.48 (6.54)

Profit & Loss (Debit Balance) -468.17 -495.20

Earnings Per Share 0.36 0.29

REVIEW OF OPERATIONS

The total turnover of the company for the year ended 31st March, 2014 amounted to Rs. 49.56 lakhs as against Rs.40.60 lakhs in the previous year. The company has a profit of Rs.39.11 Lakhs for the year as against Rs.31.96 Lakhs in the previous year before tax.

The company continued with its activity of trading operations.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956 and the company''s Articles of Association Mr. Jashwant Pashabhai Makwana and Mr. P. Srikanth retire by rotation and being eligible offers himself for reappointment. During the year under review Mr. Pankaj Kumar Agrawal was appointed as the Independent Director of the Company w.e.f. November 05, 2013 and resigned from the Board w.e.f., 31st January, 2014 due to pre occupation.

FIXED DEPOSITS

The Company has not accepted any fixed deposits and the provisions of Section 58A of the Companies Act, 1956 are not applicable to the company.

AUDITORS

The term of office of M/s. Y. Raghuram & Co, Chartered Accountants, Hyderabad, expires at the conclusion of the ensuing Annual General Meeting. However, being eligible they offer themselves for re-appointment.

The company has received a letter from M/S Y Raghuram & Co stating that their re-appointment, if made for another term, will be within the limits laid down under Section 224 (1B) of the Companies Act, 1956.

CONSERVATION OF ENERGY, TECHNOLOGY, ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTFLOW

Information required to be furnished under the Companies (Disclosure of particulars in the Report of Board of Directors) Rules 1988 is furnished below:

CONSERVATION OF ENERGY

(A) The Operations of the company are not power intensive nevertheless the company continues its efforts to minimize energy wherever practicable by economizing on the use of power at the offices.

(B) Technology Absorption NIL

(C) Foreign exchange earnings NIL

(D) Foreign exchange outflow NIL

INDUSTRIAL RELATIONS

During the year under review the industrial relations were cordial. EMPLOYEE RELATIONS

The employee relations continue to be satisfactory during the year under review. There are no employees whose particulars are to be furnished as per the provisions of Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of employees) Rules 1975.

DIRECTORS'' RESPONSIBILITY STATEMENT

In accordance with Section 217 (2AA) of the Companies Act, 1956 the Directors of the Company hereby state that:

(i) In the preparation of the Annual Accounts, the applicable accounting standards have been followed.

(ii) The Directors 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 or loss of the company for the year:

(iii) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act for safeguarding the assets of the company and for reflecting and detecting fraud and other irregularities.

(iv) The Directors have prepared the Annual Accounts on a going concern basis.

CORPORATE GOVERNANCE

As required by Clause 49 of the listing Agreement with the Stock Exchanges, Report on Corporate Governance along with Compliance Certificate is annexed hereto.

LISTING INFORMATION

The Equity shares are listed on the Bombay Stock Exchange at Mumbai. The company has paid the Annual Listing Fee for the Year 2014-2015.

ACKNOWLEDGEMENTS

Your Directors convey their sincere thanks and place on record their appreciation of the continued assistance and co-operation extended to the company by its Bankers, Government and semi-Government Departments, Customers, marketing Agents and suppliers and in particular Shareholders for the confidence reposed in the Company.

Your Directors also thank all the employees of the Company for their dedicated service without which your company would not have achieved these results.

FOR AND ON BEHALF OF THE BOARD For PFL Infotech Limited

Place : Hyderabad Date : 25-08-2014 Sd/- (P. Amresh Kumar) Chairman &Managing Director

---

Mar 31, 2013

To, The Members,

The Directors have pleasure in presenting the 26th Annual Report of the Company together with the Audited Financial Accounts for the year ended 31st March, 2013.

FINANCIAL RESULTS: (Rs. In Lakhs)

Particulars 2012-2013 2011-2012

Net Sales/ Income 40.60 39.07

Total Expenditure 8.65 13.03

Gross Operating Profit 31.96 26.04

Interest and Finance Charges 0.00 0.00

Depreciation 0.00 0.00

Loss on Sale of Assets 0.00 0.00

Profit before Tax/Loss 31.96 26.04

Provision for Tax 9.87 8.05

Net Profit/Loss 22.09 24.65

Paid-up Equity Share Capital 747.81 747.81

Reserves excluding Revaluation Reserves (6.54) (28.62)

Profit & Loss (Debit Balance) -495.20 -517.28

Earnings Per Share 0.29 0.34

REVIEW OF OPERATIONS

The total turnover of the company for the year ended 31st March, 2013 amounted to Rs. 40.60 lakhs as against Rs.39.07 lakhs in the previous year. The company has a profit of Rs.31.96 Lakhs for the year as against Rs.26.04 Lakhs in the previous year before tax.

The company continued with its activity of trading operations.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956 and the company''s Articles of Association Sri Abhinandan Jain retire by rotation and being eligible offers himself for reappointment.

FIXED DEPOSITS

The Company has not accepted any fixed deposits and the provisions of Section 58A of the Companies Act, 1956 are not applicable to the company.

AUDITORS

The term of office of M/s. Y. Raghuram & Co, Chartered Accountants, Hyderabad, expires at the conclusion of the ensuing Annual General Meeting. However, being eligible they offer themselves for re-appointment.

The company has received a letter from M/S Y. Raghuram & Co stating that their re-appointment, if made for another term, will be within the limits laid down under Section 224 (IB) of the Companies Act, 1956.

CONSERVATION OF ENERGY,TECHNOLOGY, ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTFLOW

Information required to be furnished under the Companies (Disclosure of particulars in the Report of Board of Directors) Rules 1988 is furnished below:

CONSERVATION OF ENERGY

(A) The Operations of the company are not power intensive nevertheless the company continues its efforts to minimize energy wherever practicable by economizing on the use of power at the farms, hatchery and offices.

(B) Technology Absorption NIL

(C) Foreign exchange earnings NIL

(D) Foreign exchange outflow NIL

INDUSTRIAL RELATIONS

During the year under review the industrial relations were cordial.

EMPLOYEE RELATIONS

The employee relations continue to be satisfactory during the year under review. There are no employees whose particulars are to be furnished as per the provisions of Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of employees) Rules 1975.

DIRECTORS'' RESPONSIBILITY STATEMENT

In accordance with Section 217 (2AA) of the Companies Act, 1956 the Directors of the Company hereby state that:

(i) In the preparation of the Annual Accounts, the applicable accounting standards have been followed.

(ii) The Directors 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 or loss of the company for the year:

(iii) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act for safeguarding the assets of the company and for reflecting and detecting fraud and other irregularities.

(iv) The Directors have prepared the Annual Accounts on a going concern basis.

CORPORATE GOVERNANCE

As required by Clause 49 of the listing Agreement with the Stock Exchanges, Report on Corporate Governance along with Compliance Certificate is annexed hereto.

LISTING INFORMATION

The Equity shares are listed on the Stock Exchanges at Mumbai. The company has paid the Annual Listing Fee for the Year 2013-2014.

ACKNOWLEDGEMENTS

Your Directors convey their sincere thanks and place on record their appreciation of the continued assistance and co-operation extended to the company by its Bankers, Government and semi-Government Departments, Customers, marketing Agents and suppliers and in particular Shareholders for the confidence reposed in the Company.

Your Directors also thank all the employees of the Company for their dedicated service without which your company would not have achieved these results.

BY ORDER OF THE BOARD

For PFL INFOTECH LIMITED

Sd/-

PLACE : HYDERABAD (P. AMRESH KUMAR)

DATE : 16-08-2013 CHAIRMAN & MANAGING DIRECTOR

---

Mar 31, 2012

To The Members

The Directors have pleasure in presenting the 25th Annual Report of the Company together with the Audited Financial Accounts for the year ended 31st March, 2012

FINANCIAL RESULTS: (Rs. In Lakhs)

Particulars 2011-2012 2010-2011

Net Sales / Income 39.07 43.20

Total Expenditure 13.03 16.26

Gross Operating Profit 26.04 26.94

Interest and Finance Charges 0.00 0.00

Depreciation 0.00 0.00

Loss on Sale of Assets 0.00 820.38

Profit before Tax/Loss 26.04 0.00

Provision for Tax 8.05 8.32

Net Profit/Loss 24.65 -801.77

Paid-up Equity Share Capital 747.81 747.81

Reserves excluding Revaluation Reserves 488.66 488.66

Profit & Loss (Debit Balance) -516.42 -541.94

Earnings Per Share 0.34 0.00

REVIEW OF OPERATIONS

The total turnover of the company for the year ended 31st March, 2012 amounted to Rs. 39.07 lakhs as against Rs. 43.20 lakhs in the previous year. The company has a profit of 24.65 for the year as against a loss in the previous year.

The company continued with its activity of trading operations and was unable to take up any other activity. The company is in the process of finalizing a proper business plan for the company during the current year.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956 and the company''s Articles of Association Sri P. Srikanth retire by rotation and being eligible offer themselves for reappointment.

Sri M Jaswanth Reddy and Sri M. Retesh Kumar resigned from directorship with effect from 10th August, 2012.

The Directors place on record their sincere appreciation for the guidance and valuable contributions by them during his tenure.

FIXED DEPOSITS

The Company has not accepted any fixed deposits and the provisions of Section 58A of the Companies Act, 1956 are not applicable to the company.

AUDITORS

The term of office of M/s. Y. Raghuram & Co, Chartered Accountants, Hyderabad, expires at the conclusion of the ensuing Annual General Meeting. However, being eligible they offer themselves for re-appointment. .

The company has received a letter from M/S Y. Raghuram & Co stating that their re-appointment, if made for another term, will be within the limits laid down under Section 224 (IB) of the Companies Act, 1956.

CONSERVATION OF ENERGY, TECHNOLOGY, ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTFLOW

Information required to be furnished under the Companies (Disclosure of particulars in the Report of Board of Directors) Rules 1988 is furnished below:

CONSERVATION OF ENERGY

(A) The Operations of the company are not power intensive nevertheless the company continues its efforts to minimize energy wherever practicable by economizing on the use of power at the farms, hatchery and offices.

(B) Technology Absorption NIL

(C) Foreign exchange earnings NIL

(D) Foreign exchange outflow NIL

INDUSTRIAL RELATIONS

During the year under review the industrial relations were cordial.

EMPLOYEE RELATIONS

The employee relations continue to be satisfactory during the year under review. There are no employees whose particulars are to be furnished as per the provisions of Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of employees) Rules 1975.

DIRECTORS'' RESPONSIBILITY STATEMENT

In accordance with Section 217 (2AA) of the Companies Act, 1956 the Directors of the Company hereby state that:

(i) In the preparation of the Annual Accounts, the applicable accounting standards have been followed.

(ii) The Directors 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 or loss of the company for the year:

(iii) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act for safeguarding the assets of the company and for reflecting and detecting fraud and other irregularities.

(iv) The Directors have prepared the Annual Accounts on a going concern basis.

CORPORATE GOVERNANCE

As required by Clause 49 of the listing Agreement with the Stock Exchanges, Report on Corporate Governance along with Compliance Certificate is annexed hereto.

LISTING INFORMATION

The Equity shares are listed on the Stock Exchanges at Mumbai and Hyderabad. The company has paid the Annual Listing Fee for the Year 2012-2013.

ACKNOWLEDGEMENTS

Your Directors convey their sincere thanks and place on record their appreciation of the continued assistance and co-operation extended to the company by its Bankers, Government and semi-Government Departments, Customers, marketing Agents and suppliers and in particular Shareholders for the confidence reposed in the Company.

Your Directors also thank all the employees of the Company for their dedicated service without which your company would not have achieved these results.

BY ORDER OF THE BOARD

For PFL INFOTECH LIMITED

Sd/-

PLACE : HYDERABAD (P. AMRESH KUMAR)

DATE : 25-08-2012 CHAIRMAN & MANAGING DIRECTOR

---

Mar 31, 2011

The Members

The Directors have pleasure in presenting the 24th Annual Report of the Company together with the Audited Financial Accounts for the year ended 31st March, 2011

FINANCIAL RESULTS

(Rs. In Lakhs)

Particulars 2010-2011 2009-2010

Net Sales /Income 43.20 39.65

Total Expenditure 16.26 32.72

Gross Operating Profit 26.94 6.93

Interest and Finance Charges 0.00 0

Depreciation 0.00 3.88

Loss on Sale of Assets 820.38 0.00

Profit before Tax/Loss 0.00 3.04

Provision for Tax 8.32 0.31

Net Profit/Loss 801.77 2.73

Paid-up Equity Share Capital 747.81 747.81

Reserves excluding Revaluation Reserves 488.66 692.63

Profit & Loss (Debit Balance) -541.94 0.00

Earnings Per Share 0.00 0.04

REVIEW OF OPERATIONS

The total turnover of the company for the year ended 31st March, 2011 amounted to Rs. 43.20 lakhs as against Rs.39.65 lakhs in the previous year. The company has incurred Net Loss of Rs. (801.77) Lakhs for the year under review due to the Sale of Assets as against a profit of Rs. 6.93 lakhs in the previous year.

The company continued with its activity of trading operations and was unable to take up any other activity. The company is in the process of finalizing a proper business plan for the company during the current year.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956 and the company's Articles of Association Sri M Jaswanth Reddy and Sri M. Retesh Kumar retire by rotation and being eligible offer themselves for reappointment.

FIXED DEPOSITS

The Company has not accepted any fixed deposits and the provisions of Section 58A of the Companies Act, 1956 are not applicable to the company.

AUDITORS

The term of office of M/s.Y Raghuram & Co, Chartered Accountants, Hyderabad, expires at the conclusion of the ensuing Annual General Meeting. However, being eligible they offer themselves for re-appointment.

The company has received a letter from M/S Y Raghuram & Co stating that their re-appointment, if made for another term, will be within the limits laid down under Section 224 (IB) of the Companies Act, 1956.

CONSERVATION OF ENERGY, TECHNOLOGY, BSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTFLOW

Information required to be furnished under the Companies (Disclosure of particulars in the Report of Board of Directors) Rules 1988 is furnished below:

CONSERVATION OF ENERGY

(A) The Operations of the company are not power intensive nevertheless the company continues its efforts to minimize energy wherever practicable by economizing on the use of power at the farms, hatchery and offices.

(B) Technology Absorption NIL

(C) Foreign exchange earnings NIL

(D) Foreign exchange outflow NIL

INDUSTRIAL RELATIONS

During the year under review the industrial relations were cordial.

EMPLOYEE RELATIONS

The employee relations continue to be satisfactory during the year under review. There are no employees whose particulars are to be furnished as per the provisions of Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of employees) Rules 1975.

DIRECTORS' RESPONSIBILITY STATEMENT

In accordance with Section 217 (2AA) of the Companies Act, 1956 the Directors of the Company hereby state that:

1. In the preparation of the Annual Accounts, the applicable accounting standards have been followed.

2. The Directors 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 or loss of the company for the year:

3. The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act for safeguarding the assets of the company and for reflecting and detecting fraud and other irregularities.

4. The Directors have prepared the Annual Accounts on a going concern basis.

CORPORATE GOVERNANCE

As required by Clause 49 of the listing Agreement with the Stock Exchanges, Report on Corporate Governance along with Compliance Certificate is annexed hereto.

LISTING INFORMATION

The Equity shares are listed on the Stock Exchanges at Mumbai and Hyderabad. The company has paid the Annual Listing Fee for the Year 2011-2012.

ACKNOWLEDGEMENTS

Your Directors convey their sincere thanks and place on record their appreciation of the continued assistance and co-operation extended to the company by its Bankers, Government and semi-Government Departments, Customers, marketing Agents and suppliers and in particular Shareholders for the confidence reposed in the Company.

Your Directors also thank all the employees of the Company for their dedicated service without which your company would not have achieved these results.

FOR AND ON BEHALF OF THE BOARD

Sd/-

Place : Hyderabad (P.AMRESH KUMAR)

Date : 03.09.2011 chairman & managing director

---

Mar 31, 2010

The Directors have pleasure in presenting the 23rd Annual Report of the Company together with the Audited Financial Accounts for the year ended 31st March, 2010

(Rs. in lakhs) FINANCIAL RESULTS

Particulars 2009-2010 2008-2009

Net Sales / Income 39.65 80.76

Total Expenditure 32.72 65.72

3ross Operating Profit 6.93 15.04

Interest and Finance Charges 0 0

Depreciation 3.88 13.61

Profit before Tax/Loss 3.04 1.43

Provision for Tax 0.31 0.14

Met Profit/Loss 2.73 1.29

Paid-up Equity Share Capital 747.81 632.81

Reserves excluding

Revaluation Reserves 692.63 660.42

Earnings Per Share 0.04 0.02

REVIEW OF OPERATIONS

The total turnover of the company for the year ended 31st March, 2010 amounted to Rs. 39.65 lakhs as against Rs.80.76 lakhs in the previous year. The Profit before tax for the year under review after depreciation and interest amounted to Rs.3.04 lakhs as against Rs. 1.43 lakhs in the previous year.

The company continued with its activity of trading operations and was unable to take up any other activity. The company has been evaluating certain real estate and infrastructure projects which are under active consideration and finalization.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956 and the companys Articles of Association Sri M Jaswanth Reddy and Sri M. Retesh Kumar retire by rotation and being eligible offer themselves for reappointment.

FIXED DEPOSITS

The Company has not accepted any fixed deposits and the provisions of Section 58A of the Companies Act, 1956 are not applicable to the company.

AUDITORS

The term of office of M/s. Y Raghuram & Co, Chartered Accountants, Hyderabad, expires at the conclusion of the ensuing Annual General Meeting. However, being eligible they offer themselves for re- appointment.

The company has received a letter from M/S Y Raghuram & Co stating that their re-appointment, if made for another term, will be within the limits laid down under Section 224 (1B) of the Companies Act, 1956.

CONSERVATION OF ENERGY, TECHNOLOGY, ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTFLOW

Information required to be furnished under the Companies (Disclosure of particulars in the Report of Board of Directors) Rules 1988 is furnished below:

CONSERVATION OF ENERGY

(A) The Operations of the company are not power intensive nevertheless the company continues its efforts to minimize energy wherever practicable by economizing on the use of power at the farms, hatchery and offices.

(B) Technology Absorption NIL

(C) Foreign exchange earnings NIL

(D) Foreign exchange outflow NIL

INDUSTRIAL RELATIONS

During the year under review the industrial relations were cordial.

EMPLOYEE RELATIONS

The employee relations continue to be satisfactory during the year under review. There are no employees whose particulars are to be furnished as per the provisions of Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of employees) Rules 1975.

DIRECTORS RESPONSIBILITY STATEMENT

In accordance with Section 217 (2AA) of the Companies Act, 1956 the Directors of the Company hereby state that:

1. In the preparation of the Annual Accounts, the applicable accounting standards have been followed:

2. The Directors 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 or loss of the company for the year:

3. The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act for safeguarding the assets of the company and for reflecting and detecting fraud and other irregularities.

4. The Directors have prepared the Annual Accounts on a going concern basis.

CORPORATE GOVERNANCE

As required by Clause 49 of the listing Agreement with the Stock Exchanges, Report on Corporate Governance along with Compliance Certificate is annexed hereto.

LISTING INFORMATION

The Equity shares are listed on the Stock Exchanges at Mumbai and Hyderabad. The company has paid the Annual Listing Fee for the Year 2010-2011.

ACKNOWLEDGEMENTS

Your Directors convey their sincere thanks and place on record their appreciation of the continued assistance and co-operation extended to the company by Banks, Government and semi- Government Departments, Customers, marketing Agents and suppliers and in particular Shareholders for the confidence reposed in the Company.

Your Directors also thank all the employees of the Company for their dedicated service without which your company would not have achieved these results.

FOR AND ON BEHALF OF THE BOARD

Sd/- PLACE: HYDERBAD (P. AMRESH KUMAR) DATE:: 27-08-2010 CHAIRMAN & MANAGING DIRECTOR