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BSE Code : | NSE Symbol : | ISIN:| SECTOR : |

NSE BSE
 

Volume 280564

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Key Stats

MARKET CAP (RS CR) 390.49
P/E 108.5
BOOK VALUE (RS) 5.1932062
DIV (%) 0
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EPS (TTM) 0.3
PRICE/BOOK 6.26780427089531
DIV YIELD.(%) 0
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4

News & Announcements

14-Nov-2021

XT Global Infotech consolidated net profit rises 237.93% in the September 2021 quarter

10-Nov-2021

XTGlobal Infotech to convene board meeting

06-Sep-2021

XTGlobal Infotech schedules AGM

28-Aug-2021

XTGlobal Infotech schedules board meeting

10-Nov-2021

XTGlobal Infotech to convene board meeting

06-Sep-2021

XTGlobal Infotech schedules AGM

28-Aug-2021

XTGlobal Infotech schedules board meeting

30-Jul-2021

XTGlobal Infotech schedules board meeting

Corporate Actions

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Financials

Income Statement

Standalone
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Peers Comparsion

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Accel Ltd 517494
Accelya Solutions India Ltd 532268 ACCELYA
Accentia Technologies Ltd 531897
Ace Software Exports Ltd 531525
ACI Infocom Ltd 517356
AcroPetal Technologies Ltd 533330 ACROPETAL
Aditya Birla Minacs IT Services Ltd 532199 PSIDATASYS
Adjia Technologies Ltd 543269
Adroit Infotech Ltd 532172 ADROITINFO
Advent Computer Services Ltd 531429
Aftek Ltd 530707 AFTEK
Agnite Education Ltd 532358 TELEDATAGL
AGS Infotech Ltd 533314
Airan Ltd 538410 AIRAN
Alankit Ltd 531082 ALANKIT
Allied Digital Services Ltd 532875 ADSL
Allsec Technologies Ltd 532633 ALLSEC
Allsoft Corporation Ltd 532327
Alphalogic Techsys Ltd 542770
Alps Bpo Services Ltd 531924
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Ami Computers (I) Ltd 526805
Apollo Micro Systems Ltd 540879 APOLLO
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ASM Technologies Ltd 526433
Athena Global Technologies Ltd 517429
Atishay Ltd 538713
Aurionpro Solutions Ltd 532668 AURIONPRO
Aurum Proptech Ltd 539289 AURUM
AXISCADES Technologies Ltd 532395 AXISCADES
Aztecsoft Ltd(merged) 532385 AZTECSOFT
B2B Software Technologies Ltd 531268
Bangalore Softsell Ltd 40662
Baron Infotech Ltd 532336
Bartronics India Ltd 532694 BARTRONICS
Bathina Technologies (India) Ltd 532377
Bharatiya Global Infomedia Ltd 533499 BGLOBAL
Birlasoft Ltd 532400 BSOFT
Black Box Ltd 500463 AGCNET
BLS International Services Ltd 540073 BLS
Blue Cloud Softech Solutions Ltd 539607
Blue Information Technology Ltd 532182
Blue Star Infotech Ltd 532346 BLUESTINFO
BNR Udyog Ltd 530809
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Brightcom Group Ltd 532368 BCG
Brothers Computers & Software (I) Ltd 532000
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Ceinsys Tech Ltd 538734
Centerac Technologies Ltd 531621
CES Ltd 512341
CG-VAK Software & Exports Ltd 531489
Cigniti Technologies Ltd 534758 CIGNITITEC
CLIO Infotech Ltd 530839
Coforge Ltd 532541 COFORGE
Commex Technology Ltd 532342
Compudyne Winfosystems Ltd 532306 COMPUDYNE
Compulink Systems Ltd(merged) 532688 COMSYS
Computech International Ltd 531224 COMPUTECH
Computer Power (India) Ltd 40658
Continental Chemicals Ltd 506935
Coral Hub Ltd 533011 CORAL-HUB
COSYN Ltd 538922
Covidh Technologies Ltd 534920
Cranes Software International Ltd 512093 CRANESSOFT
Cressanda Solutions Ltd 512379
Crystal Software Solutions Ltd 526033
Cura Technologies Ltd 532332 CURATECH
Cyberscape Multimedia Ltd 532364
Cybertech Systems & Software Ltd 532173 CYBERTECH
Cyient Ltd 532175 CYIENT
Datamatics Global Services Ltd 532528 DATAMATICS
Datasoft Applications Software (India) Ltd 526443
Datum Technologys (India) Ltd 40626
Dev Information Technology Ltd 538417 DEVIT
Dhanus Technologies Ltd 532903 DHANUS
Diamond Infosystems Ltd 530801
Dibba Infotech Ltd 538399 DIL
Dion Global Solutions Ltd 526927 FORTISFIN
Dot Com Global Ltd 530391 PERCIMDIAM
DRC Systems India Ltd 543268 DRCSYSTEMS
DSQ Software Ltd 523864 SQRDSFWARE
Ducon Infratechnologies Ltd 534674 DUCON
Dynacons Systems & Solutions Ltd 532365 DSSL
E.Com Infotech (India) Ltd 531533
e.star Infotech Ltd 532417
E2E Networks Ltd 535080 E2E
eClerx Services Ltd 532927 ECLERX
Ed & Tech International Ltd 590038 VISUINTL
Edserv Softsystems Ltd 533055 EDSERV
Eider Infotech Ltd 531958 EIDERTELE
Emed.com Technologies Ltd 524588
Eonour Technologies Ltd 532308
ERP Soft Systems Ltd 530909
Essemm Information Systems Ltd 40661
European Software Alliances Ltd 530387 EUROSOFTAL
Excel Realty N Infra Ltd 533090 EXCEL
Exel Software Ltd 531759
Expleo Solutions Ltd 533121 EXPLEOSOL
Exquisite Exports Ltd 40682
FCS Software Solutions Ltd 532666 FCSSOFT
FI Sofex Ltd 40644
Fintech Communication Ltd 531754
Firstobject Technologies Ltd 532379
Firstsource Solutions Ltd 532809 FSL
Flextronics Software Systems Ltd(merged) 532266 FSS
Fore C Software Ltd 40515
Fourth Dimension Solutions Ltd 532600 FOURTHDIM
Fourth Generation Information Systems Ltd 532403
Frontlinesoft Ltd 40646
Funny Software Ltd 539169
Genesys International Corporation Ltd 506109 GENESYS
Geodesic Ltd 503699 GEODESIC
Geometric Ltd (Merged) 532312 GEOMETRIC
GI Engineering Solutions Ltd 533048 GISOLUTION
Globalspace Technologies Ltd 540654
Glodyne Technoserve Ltd 532672 GLODYNE
Goldstone Technologies Ltd 531439 GOLDTECH
Gracious Software Ltd 780002
GSS Infotech Ltd 532951 GSS
G-Tech Info Training Ltd 532139
Happiest Minds Technologies Ltd 543227 HAPPSTMNDS
Healthfore Technologies Ltd 533525
Hexaware Technologies Ltd 532129 HEXAWARE
Hiliks Technologies Ltd 539697
Hinduja Global Solutions Ltd 532859 HGS
HOV Services Ltd 532761 HOVS
Hypersoft Technologies Ltd 539724
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ID Info Business Services Ltd 511260
IDream Film Infrastructure Company Ltd 504375
IGate Computer Systems Ltd(Merged) 532517 PATNI
IIS Infotech Ltd 40187
IKF Technologies Ltd 532414
Indus Networks Ltd 532381
Infibeam Avenues Ltd 539807 INFIBEAM
Infinite Computer Solutions India Ltd 533154 INFINITE
InfoBeans Technologies Ltd 532560 INFOBEAN
Info-Drive Software Ltd 530703 INFODRIVE
Informed Technologies India Ltd 504810
Infronics Systems Ltd 537985
Innovana Thinklabs Ltd 535036 INNOVANA
Innovation Software Exports Ltd 517433
Inspirisys Solutions Ltd 532774 INSPIRISYS
Integra Telecommunication & Software Ltd 536868
Integrated Data Systems Ltd 40277
Integrated Hitech Ltd 532303
Intellect Design Arena Ltd 538835 INTELLECT
Intellvisions Software Ltd (Merged) 531777
Intense Technologies Ltd 532326 INTENTECH
Interactive Financial Services Ltd 539692
Intergrated Digital Info Services Ltd 523770
International Data Management Ltd 517044
Intertec Technologies Ltd 40620
Interworld Digital Ltd 532072
Intrasoft Technologies Ltd 533181 ISFT
IOL Netcom Ltd 512185 IOLN
IQ Infotech Ltd 532421
IRIS Business Services Ltd 540735 IRIS
Irmac Services India Ltd 40648
IZMO Ltd 532341 IZMO
Jointeca Education Solutions Ltd 534659
Jonjua Overseas Ltd 542446
K2 Systems Ltd 40673
Kaashyap Technologies Ltd 532283
KALS Information Systems Ltd 40672
Kashyap Tele-Medicines Ltd 531960
KCC Software Ltd 40688
Kedia Infotech Ltd 531976
Kellton Tech Solutions Ltd 519602 KELLTONTEC
Kireeti Soft Technologies Ltd 40629
Kirloskar Multimedia Ltd 532352
KLG Systel Ltd 531269 KLGSYSTEL
KPIT Technologies Ltd 542651 KPITTECH
Krisn Information Technologies Ltd 40655
Ksolves India Ltd 535356 KSOLVES
L&T Technology Services Ltd 540115 LTTS
Lan Eseda Industries Ltd 523407 LANESEDA
Latent View Analytics Ltd 543398 LATENTVIEW
Lee & Nee Software (Exports) Ltd 517415
Lex Nimble Solutions Ltd 541196
Maars Software International Ltd 531528 MAARSOFTW
Magnum Ltd 530347
Mahaveer Infoway Ltd 539383
Mangalya Soft-Tech Ltd 530243
Mastek Ltd 523704 MASTEK
Master.com Software Ltd 40640
Megasoft Ltd 532408 MEGASOFT
Meglon Infra-Real (India) Ltd 511367
Megri Soft Ltd 539012
Melstar Information Technologies Ltd 532307 MELSTAR
Micro Technologies (India) Ltd 532494 MICROTECH
Millennium Cybertech Ltd 531942
Millennium Infocom Technologies Ltd 40637
Mindpool Technologies Ltd 535155 MINDPOOL
Mindteck (India) Ltd 517344 MINDTECK
Moschip Technologies Ltd 532407
Mphasis Ltd 526299 MPHASIS
MPS Infotecnics Ltd 532411 VISESHINFO
Mudunuru Ltd 538743
MYM Technologies Ltd 531843
N2N Technologies Ltd 512279
Naapbooks Ltd 543351
Nazara Technologies Ltd 543280 NAZARA
Net 4 India Ltd 532912 NET4
Netlink Solutions (India) Ltd 509040
Netripples Software Ltd 542117
Netvision Web Technologies Ltd 532010
Network People Services Technologies Ltd 535391 NPST
New Markets Advisory Ltd 508867
Newgen Software Technologies Ltd 540900 NEWGEN
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Nexxoft Infotel Limited 532045
Nihar Info Global Ltd 531083
Niks Technology Ltd 543282
NINtec Systems Ltd 539843
Nucleus Software Exports Ltd 531209 NUCLEUS
Oasis Infotech Ltd 40627
Objectone Information Systems Ltd 535657
Octaware Technologies Ltd 540416
Odyssey Technologies Ltd 530175
Omni Axs Software Ltd 532340
Omnitech Infosolutions Ltd 532882 OMNITECH
One Point One Solutions Ltd 535039 ONEPOINT
Ontrack Systems Ltd 532607
Onward Technologies Ltd 517536 ONWARDTEC
Oracle Financial Services Software Ltd 532466 OFSS
Orchasp Ltd 532271
Orient Information Technology Ltd(merged) 531167 ORIENTINFO
Orpine Systems Ltd 40694
Pace Automation Ltd 517292
Pagaria Energy Ltd 531396
Palred Technologies Ltd 532521 PALREDTEC
Palsoft Infosystems Ltd 511597
Panoramic Universal Ltd 531816 PANORAMUNI
Paramone Concepts Ltd 531364
PCS Technology Ltd 517119
Pentagon Global Solutions Ltd 532314
Pentasoft Technologies Ltd(merged) 531492 PENTACOMMU
Persistent Systems Ltd 533179 PERSISTENT
PFL Infotech Ltd 531769
Pine Animation Ltd 511421
Platinumone Business Services Ltd 543352
Polaris Consulting & Services Ltd 532254 POLARIS
Powersoft Global Solutions Ltd 532736
Pragnya Software Systems Ltd 40652
Prism Informatics Ltd 505530
Prithvi Information Solutions Ltd 532675 PRITHVI
Proto Developers & Technologies Ltd 530069
Qpro Infotech Ltd 506102
Quadpro ITeS Ltd 535400 QUADPRO
Quest Softech India Ltd 535719
Quick Heal Technologies Ltd 539678 QUICKHEAL
Quintegra Solutions Ltd 532866 QUINTEGRA
R S Corporation Ltd 531700
R S Software (India) Ltd 517447 RSSOFTWARE
R Systems International Ltd 532735 RSYSTEMS
Rajesh Global Solutions Ltd 40645
Ram Info Ltd 530951
Ramco Systems Ltd 532370 RAMCOSYS
Ranklin Solutions Ltd 590077 RANKLIN
Ransi Softwares India Ltd 532165
Reliable Data Services Ltd 535020 RELIABLE
Religare Technova Global Solutions Ltd(merged) 530619
Relson India Ltd 502473
Rolta India Ltd 500366 ROLTA
Route Mobile Ltd 543228 ROUTE
RPSG Ventures Ltd 542333 RPSGVENT
S Kumars Online Ltd 532316
SagarSoft (India) Ltd 540143
Sai Info Ltd(merged) 532118
Saksoft Ltd 590051 SAKSOFT
Sankhya Infotech Ltd 532972
Sanraa Media Ltd 531312
Sasken Technologies Ltd 532663 SASKEN
Satellite Infoconcepts Ltd 508671
Saven Technologies Ltd 532404
Scanpoint Geomatics Ltd 526544
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Scintilla Software Technology Ltd 530729 SCINTSOFT
Secmark Consultancy Ltd 543234
SecureKloud Technologies Ltd 512161 SECURKLOUD
Senthil Infotek Ltd 531980
Sequelsoft India Ltd 532422
Seshachal Technologies Ltd 531794
Shapre Global Info Services Ltd (Merged) 532361
Shell Infotech Ltd 503630
Shine Computech Ltd 40650
Shonkh Technologies International Ltd 512028
Shreejal Info Hubs Ltd 506874
Shyama Infosys Ltd 531219
Sibar Software Services (India) Ltd 532302
Sierra Optima Ltd 531121 SIERRAOPT
Sigma Solve Ltd 535365 SIGMA
Silver Touch Technologies Ltd 535031 SILVERTUC
Silverline Technologies Ltd 500389 SILVERLINE
Sindu Valley Technologies Ltd 505504
SMS Techsoft (India) Ltd 531838
Sofcom Systems Ltd 538923
Softech Infinium Solutions Ltd 530651
Softrak Technology Exports Ltd 526457
Softsol India Ltd 532344
Softtech Engineers Ltd 535078 SOFTTECH
Sonata Software Ltd 532221 SONATSOFTW
Southern Infosys Ltd 540174
Spacenet Enterprises India Ltd 513249 SPCENET
Spanco Ltd 508976 SPANCO
Sparc Systems Ltd 531370
Spectacle Ventures Ltd 512413 SPECTACLE
Springform Technology Ltd 501479
Srico Software India Ltd 40624
Starcom Information Technology Ltd 531616
Sterling Webnet Ltd 531901
Stock Net International Ltd 512640
Subex Ltd 532348 SUBEXLTD
Suchinfotech Ltd 40635
Svam Software Ltd 523722
Synfosys Business Solutions Ltd 40631
Take Solutions Ltd 532890 TAKE
Taksheel Solutions Ltd 533639 TAKSHEEL
Tanla Platforms Ltd 532790 TANLA
Tata Elxsi Ltd 500408 TATAELXSI
TCS e-Serve Ltd (Merged) 509028 E-SERVEINT
TechNest Solutions Ltd 40414
TechNVision Ventures Ltd 501421
Tej Infoways Ltd 538793
TeleCanor Global Ltd 530595
Teledata Marine Solutions Ltd 533462 TELEMARINE
Teledata Technology Solutions Ltd 533089 TELEDATAIT
Telesys Info-Infra (I) Ltd 532315
Tera Software Ltd 533982 TERASOFT
Top Media Entertainment Ltd 532036
Transcon Research & Infotech Ltd 531318
Transtream India.Com Ltd 532258
Tranway Technologies Ltd 542923
Trejhara Solutions Ltd 542233 TREJHARA
Tricom India Ltd 531675 TRICOM
Trigyn Technologies Ltd 517562 TRIGYN
Triton Corp. Ltd 523387
Turbotech Engineering Ltd 504358
Tutis Technologies Ltd 532311
Twinstar Industries Ltd 531917
Uniport Computers Ltd 523632
Unipro Technologies Ltd 540189
United Interactive Ltd 502893
USG Tech Solutions Ltd 532402
Valuemart Info Technologies Ltd 532338
Vantel Technologies Ltd 532396
Vedavaag Systems Ltd 533056
Vikram Software Ltd 40634
Virgo Global Ltd 532354
Virinchi Ltd 532372
Virtual Dynamics Software Ltd 40649
Virtual Global Education Ltd 534741
Virtualsoft Systems Ltd 531126
Visie Cyber Tech Ltd 40625
VisualSoft Technologies Ltd(merged) 532214 VISUALSOFT
Washington Softwares Ltd 531933
Watson Software Ltd 516090
We Win Ltd 538447 WEWIN
Weal Infotech Ltd 40647
Web Element Solutions Ltd 780016
Wisec Global Ltd 511642
Xchanging Solutions Ltd 532616 XCHANGING
Xelpmoc Design and Tech Ltd 542367 XELPMOC
Zen Technologies Ltd 533339 ZENTEC
Zenith Global Consultants Ltd 40677
Zenith Infotech Ltd 532298 ZENITHINFO
Zensar Technologies Ltd 504067 ZENSARTECH
Zigma Software Ltd 532177
Zylog Systems Ltd 532883 ZYLOG

Share Holding

Category No. of shares Percentage
Total Foreign 21014365 17.52
Total Institutions 6500 0.01
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 203374 0.17
Total Promoters 83480804 69.59
Total Public & others 15262584 12.72
Total 119967627 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About XT Global Infotech Ltd

Frontier Information Technologies Ltd is one of the pioneers in Software Development in India. The company was incorporated in the year 1986. It is founded and backed by a group of highly qualified professionals with rich and varied experience in successfully implementing complex software projects both in India and abroad. The company is engaged in on-site Consultancy Services, Offshore Software Development, Product Development and Internet enabled Services. The founder Chairman and Managing Director of the Company, V.K.Premchand has over 40 years of IT experience in India and USA. He holds a Master's Degree in Computer Science from University of California, Berkeley, USA. Frontier's Senior Managers were involved in the implementation of offshore and onsite projects for international clients such as Cumberland Farms (USA), Liberty Mutual Insurance (USA), Lombard Odier and Cie (Switzerland), San Jose Mercury News (USA), Honda Motors (Japan) and Wright Express (USA). Frontier has its US office at Dallas (Texas) and its Indian office is located at Hyderabad, AP. Frontier has highly qualified IT professionals who hold Degrees from premier Educational Institutes in India and possess extensive experience in complex areas of Software development. Frontier's Project Teams use state-of-the-art development aids like Rational Tools for design, development, testing and documentation. Frontier was the second company in Andhra Pradesh to obtain ISO 9001 certification from BVQI, UK. Frontier is a widely held public limited company and is listed in Bombay Stock Exchange.

XT Global Infotech Ltd Chairman Speech

Now is the best time for companies to pitch their skills because technology is being pushed beyond its limits in developing innovative products and services. In order to make our clients and partners more responsive towards the changing consumer expectations, we need to be able to provide them with digital transformation capabilities and AI technologies to help them deal with the shifts in business and to become more competitive. In order to be able to develop enhanced products and services, we first have to see where companies are headed in the digital space, how they are re-orienting their goals, how they are updating their infrastructure and how ready they are to face the future. Along with deepening access into all aspects of consumers' lives, there is an obligation to provide security and privacy over multiple channels.

In the future, all interactions are tech-driven, right from sourcing to delivering the end product to the consumer. Each interaction is an opportunity to create customized, on-demand solutions to increase companies' operational efficiency and agility while decreasing risk exposure.

Businesses have to be taught how to survive in the digital ecosystem through constant learning, reinvention, and technology. As a technology partner, we have to focus on redesigning workplaces, developing customized digital infrastructure, establishing suitable talent sources, and ensuring efficient knowledge and technology transfer. One big challenge that most companies are now facing is the shortage in digital skills. For this, more than looking for talent externally, we must focus on developing internal talent through continuous learning programs, skills exchange, open forums for learning, digital courses and other ways in order to make digital knowledge a core advantage.

2019 is going to be a new beginning for Frontier. For the last one year, we have focused on developing the tools and the ideologies on which the company will make a comeback and I now hope that we have done enough to propel the company towards success. With a two-pronged approach that involves 1. Creation of generic value models and 2. focus on specialized applications, we want to build on our core strengths while staying abreast of new changes.

I thank all shareholders and the Board of Directors for staying with us in our endeavor to revive a company, which I believe, has the potential to get back on its feet given the right impetus.

Mr. Ramarao Atchuta Mullapudi

Chairman and Director

   

XT Global Infotech Ltd Company History

Frontier Information Technologies Ltd is one of the pioneers in Software Development in India. The company was incorporated in the year 1986. It is founded and backed by a group of highly qualified professionals with rich and varied experience in successfully implementing complex software projects both in India and abroad. The company is engaged in on-site Consultancy Services, Offshore Software Development, Product Development and Internet enabled Services. The founder Chairman and Managing Director of the Company, V.K.Premchand has over 40 years of IT experience in India and USA. He holds a Master's Degree in Computer Science from University of California, Berkeley, USA. Frontier's Senior Managers were involved in the implementation of offshore and onsite projects for international clients such as Cumberland Farms (USA), Liberty Mutual Insurance (USA), Lombard Odier and Cie (Switzerland), San Jose Mercury News (USA), Honda Motors (Japan) and Wright Express (USA). Frontier has its US office at Dallas (Texas) and its Indian office is located at Hyderabad, AP. Frontier has highly qualified IT professionals who hold Degrees from premier Educational Institutes in India and possess extensive experience in complex areas of Software development. Frontier's Project Teams use state-of-the-art development aids like Rational Tools for design, development, testing and documentation. Frontier was the second company in Andhra Pradesh to obtain ISO 9001 certification from BVQI, UK. Frontier is a widely held public limited company and is listed in Bombay Stock Exchange.

XT Global Infotech Ltd Directors Reports

Dear Members,

Your Directors hereby present the Thirty Second Annual Report on the business and operations of the Company along with the Audited Statement of Accounts for the Financial Year ended 31st March 2020.

The discussion on the financial condition and results of operations of your company should be read in conjunction with it' s audited financial statements and notes thereto for the year ended 31st March 2020 which are summarized below:

FINANCIAL RESULTS

Standalone

Consolidated

Financial year 2019-20 (Rs. In Lakhs) Financial year 2018-19 (Rs. In Lakhs) Financial Year 2019-20 (Rs. In Lakhs)
Particulars
Revenue from Operations 523.39 41.77 19529.18
Other Income 48.50 0.00 56.64
Earnings Before Interest, Tax and
169.68 7.95 619.92
Depreciation
Finance Cost 2.25 4.50 113.02
Depreciation 8.19 0.16 114.75
Profit Before Tax (PBT) Provision for: - 159.24 3.29 392.15
Income Tax/Adjusted for earlier
years (Net) 0 0 57.22
Deferred Tax (Assets)/Liabilities (71.39) 0.42 (53.76)
Profit After Tax (PAT) 230.63 2.87 388.69

COVID-19

During the month of March 2020, sudden outbreak COVID-19 pandemic has pushed governments to enforce lock-downs in various stages. Due to Business continuity plan of the company, the company was able to continue its business processes and deliver to its clients seamlessly without disruptions though most of the employees working from home. In spite of uncertainties and unprecedented business crisis all over the globe, it is believed that the company could steer through turbulent times.

DIVIDEND

The Board of Directors of your company, after considering holistically the relevant circumstances and keeping in view the company's dividend distribution policy, has decided that it would be prudent, not to recommend any Dividend for the year under review.

TRANSFER TO RESERVES

During the year, the Company has not transferred any amount to its General Reserves. As no transfer is proposed, the entire balance available in the Profit and Loss account is retained in it. The closing balance of the retained earnings of the Company for FY 2019-20 was Rs. (71.27) Lakhs.

SHARE CAPITAL

During the Financial Year 2019-20, your Company has allotted its Equity shares of Re.1/- each as follows

Date of allotment No. of equity shares allotted Type Consideration
April 22, 2019 3,82,99,998 Preferential allotment For cash
November 18, 2019 4,39,95,930 Preferential allotment For other than cash (share-swap)
March 12, 2020 2,21,38,166 Preferential allotment For other than cash (share-swap)
March 12, 2020 28,78,333 Preferential allotment For cash

Consequently, the issued, subscribed and paid-up equity share capital has increased from 1,26,55,200 Equity Shares of Rs. 1/- each to 11,99,67,627 Equity Shares of Rs. 1/- each.

COMPANY'S PERFORMANCE

On a consolidated basis, the revenue from operations of the group for Financial Year 2019-2020 was Rs.19529.18 Lakhs and profit attributable to shareholders of the company for that period is Rs. 367.30 Lakhs. On standalone basis, the revenue from operations for Financial Year 2019-20 was Rs. 523.39 Lakhs which was 12.53 times (approx.) when compared to that of Financial Year 2018-19 which was Rs. 41.77 Lakhs. Profit attributable to shareholders of the company for Financial Year 2019-20 is Rs. 230.63 Lakhs which is 80.36 times (approx.) when compared to that of Financial Year 2018-19 which was Rs. 2.87 Lakhs. During the year under review name of your Company has been changed from Frontier Informatics Limited to XTGlobal Infotech Limited. There is no change in the nature of business of the Company.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

During the year under review Mr. Mullapudi Atchuta Rama Rao was appointed as Managing Director and Chairman of the Company on 30th September, 2019 in the AGM, Mr. China Surya Narayana Murthy Anupindi and Mr. Sreenivasa Rao Potti were appointed on 05th September, 2019 as Independent Directors of the Company. Later, Mr. Venkata Madhusudhana Rao Paladugu was appointed on 19th December, 2019 as an lndependent Director of the Company. Further, Mr. Rajan Babu Mothe, Ms. Archana Singh, Mr. Vivekananda Sree Pakalapati and Ms. Kolla Sudha, Directors of the Company, have resigned w.e.f. close of working hours on 27th September, 2019, 27th September, 2019, 16th October, 2019 and 11th December, 2019 respectively, citing personal reasons. The Board has extended its gratitude to Mr. Rajan Babu Mothe, Ms. Archana Singh, Mr. Vivekananda Sree Pakalapati and Ms. Kolla Sudha for their association, dedication and commitment towards Company as Directors. Pursuant to provisions of Section 203 of the Companies Act, 2013, Mr. Raghuram Kusuluri was appointed as a Chief Financial Officer of the Company w.e.f 22nd April 2019 and Ms. Aditi Jha, Company Secretary and compliance officer up to 12th June, 2019 & Ms. Shikha Gangrade, Company Secretary and compliance officer from 27th September, 2019 were the Key Managerial Personnel of the Company during the year under review. The Committees of the Board have been reconstituted and also renamed in line with the requirements, the details of which are provided elsewhere in this report.

CHANGE IN PROMOTERS OF THE COMPANY

Your Company has received approval from BSE Limited for reclassification of promoter and promoter group to Public category under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on Tuesday 23rd June, 2020. Based on the approval received from the Stock Exchange, the following Promoter(s) are hereby reclassified into Public Category:

1. Mr. Velchala Premchand Krishna Rao - Promoter

2. Mrs. V Radha Bai Promoter Group

DIRECTORS LIABLE TO RETIRE BY ROTATION

Pursuant to the provisions of Section 152 of the Companies Act, 2013, Ms. Vuppuluri Sreedevi, Whole-time Director and Mr. Ramarao Atchuta Mullapudi, Managing Director of the Company are liable to retires by rotation and Ms. Vuppuluri Sreedevi is retiring by rotation being eligible, offers herself for reappointment. The Board recommends for her reappointment.

MANAGEMENT DISCUSSION AND ANALYSIS

Management Discussion and Analysis, forming part of this report as required under Regulation 34 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 {hereinafter referred as SEBl (LODR) Regulations, 2015}, is attached separately to this Report as Annexure - D.

BOARD EVALUATION

Pursuant to the provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,2015, the Board has devised a policy on evaluation of performance of Board of Directors, Committees and Individual directors. The Board of Directors has carried out an annual evaluation of its own performance, board committees, and individual directors pursuant to the provisions of the Act and SEBI Listing Regulations. The performance of the board was evaluated by the board after seeking inputs from all the directors on the basis of criteria such as the board composition and structure, effectiveness of board processes, information and functioning, etc. The performance of the committees was evaluated by the board after seeking inputs from the committee members based on criteria such as the composition of committees, effectiveness of committee meetings, etc. The above criteria are based on the Guidance Note on Board Evaluation issued by the Securities and Exchange Board of India. In a separate meeting of independent directors, performance of non-independent directors, the board as a whole and the Chairman of the Company was evaluated, considering the views of executive directors and nonexecutive directors. The Board and the Nomination and Remuneration Committee reviewed the performance of individual directors on the basis of criteria such as the contribution of the individual director to the board and committee meetings like preparedness on the issues to be discussed, meaningful and constructive contribution and inputs in meetings, etc. In the board meeting that followed the meeting of the independent directors and meeting of Nomination and Remuneration Committee, the performance of the board, its committees, and individual directors was also discussed. Performance evaluation of independent directors was done by the entire board, excluding the independent director being evaluated. The summary of the evaluation reports was presented to the respective Committees and the Board.

AUDIT COMMITTEE

The Audit Committee comprises of below mentioned directors as on 31st March, 2020:

Name of the Member Category
Mr. Sreenivasa Rao Potti* Independent Director
Mr. Venkata Madhusudhana Rao Paladugu* Independent Director
Ms. Vuppuluri Sreedevi Executive Director

* Mr. Sreenivasa Rao Potti, lndependent Director, appointed as a member and Chairman of Audit Committee w.e.f. 27th September, 2019 and Mr. Venkata Madhusudhana Rao Paladugu, lndependent Director, appointed as a member of Audit Committee w.e.f. 19th December, 2019. There are no recommendations of the audit committee which have not been accepted by the board during the year under review. Details of terms of reference of Audit Committee and meetings of Audit Committee held during the year under review have been given in Corporate Governance Report. The details pertaining to the composition and attendance of the audit committee are included in the Corporate Governance Report, which is a part of this report.

NOMINATION AND REMUNERATION COMMITTEE

The Board has, on the recommendation of the Nomination & Remuneration Committee, framed a policy for selection and appointment of Director(s), Senior Management Personnel and their remuneration. The composition of the Nomination & Remuneration Committee was in compliance with the requirements of the provisions of Section 178 of the Companies Act, 2013 and of Regulation 19 of the SEBl (LODR) Regulations, 2015 except as mentioned in corporate governance report of the Company. The Nomination & Remuneration Committee comprises of below mentioned directors as on 31st March, 2020:

Name of the Member Category
Mr. Sreenivasa Rao Potti* Independent Director
Mr. Venkata Madhusudhana Rao Paladugu* Independent Director
Mr. China Surya Narayana Murthy Anupindi* Independent Director

*Mr. Sreenivasa Rao Potti, Independent director has been appointed as member and Chairman of the committee, Mr. China Surya Narayana Murthy Anupindi, lndependent Director was appointed as member of Nomination & Remuneration Committee w.e.f. 27th September, 2019 and Mr. Venkata Madhusudhana Rao Paladugu, lndependent Director, appointed as a member of Nomination & Remuneration Committee w.e.f. 19th December, 2019.

NUMBER OF MEETINGS OF THE BOARD

The Board met 14 (Fourteen) times in the financial year 2019-20. The details of the Board Meetings are given in the Corporate Governance Report. The gap between two meetings did not exceed one hundred and twenty days as provided under the Companies Act, 2013 and SEBl (LODR) Regulations, 2015.

DECLARATION BY INDEPENDENT DIRECTORS

Pursuant to the provisions of Section 149 of the Act, the independent directors have submitted declarations that each of them meet the criteria of independence as provided in Section 149(6) of the Act along with Rules framed there under and Regulation 16(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)

Regulations, 2015 ("SEBI Listing Regulations"). There has been no change in the circumstances affecting their status as independent directors of the Company. During the year under review, the non-executive directors of the Company had no pecuniary relationship or transactions with the Company, other than sitting fees and reimbursement of expenses incurred by them for the purpose of attending meetings of the Board/Committee of the Company. During the year under review, the non-executive directors of the Company had no pecuniary relationship or transactions with the Company, other than sitting fees, commission and reimbursement of expenses incurred by them for the purpose of attending meetings of the Board/Committee of the Company. The Independent Directors have also given declaration of compliance with Rules 6(1) and 6(2) of the Companies (Appointment and Qualification of Directors) Rules, 2014, with respect to their name appearing in the data bank of Independent Directors maintained by the Indian Institute of Corporate Affairs. Mr. Sreenivasa Rao P, Mr. C.S.N Murthy Anupindi and Mr. P V Madhusudhana Rao have passed the online proficiency self-assessment test undertaken by them. During the year under review, the non-executive directors of the Company had no pecuniary relationship or transactions with the Company, other than sitting fees, commission and reimbursement of expenses incurred by them for the purpose of attending meetings of the Board/Committee of the Company.

FAMILIARISATION PROGRAMME

These Programs aim to provide insights into the Company to enable the Independent Directors to understand its business in depth and contribute significantly to the Company. The details of program for familiarization of the Independent Directors with the Company are available on the Company's website at www.fitlindia.com The Board members are also regularly updated on changes in Corporate and Allied laws, Taxation laws and related matters through, presentations and updates made by the respective functional leaders. MD along with Senior leadership conducts quarterly session with board members sharing updates about the Company's business strategy, operations and the key trends in the IT industry relevant for the Company. These updates help the board members to abreast themselves with the key changes and their impact on the Company.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Companies Act, 2013, your Directors, based on the representation(s) received from the Operating Management and after due enquiry, confirm that:

a) in the preparation of the annual accounts for the financial year ended 31st March, 2020, the applicable accounting standards had been followed along with proper explanation relating to material departures, if any;
b) the accounting policies had been selected and applied 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 financial year ended 31st March, 2020 and of the loss of the Company for that period;
c) proper and sufficient care had been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
d) the annual accounts had been prepared on a going concern basis;
e) internal financial controls, to be followed by the Company, had been laid down and these controls are adequate and were operating effectively; and
f) proper systems to ensure compliance with the provisions of all applicable laws were in place and were adequate and operating effectively.

STATEMENT OF DEVIATION(S)OR VARIATION(S)

In reference to the compliance Under Regulation 32(7A) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulation, 2015, Company has issued 3,82,99,998 Equity Shares through preferential basis on 22nd April, 2020 for cash consideration, and Company has utilized full amount raised through this Preferential issue in same objects for which approval of shareholders was taken. Subsequently, your Company has issued Equity Shares on preferential basis which was initiated for acquisition of Xenosoft Technologies (India) Private Limited on swap of share basis in which no cash consideration was involved and swap of shares has been successfully completed in the Board Meeting held on 18th November, 2019. The Company had raised funds through Preferential Issue amounting to Rs. 4,31,74,995/- (Rupees Four Crore Thirty One Lakhs Seventy Four Thousand Nine Hundred and Ninety Five Only) and the entire funds stands unutilized till 31st March, 2020 and is in the bank account of the Company. Company will utilise the funds for the same objects which were stated in explanatory statement to the notice of Extraordinary General Meeting held on 15th February, 2020 The second part of preferential issue was initiated for acquisition of Xenosoft Technologies (India) Private Limited on swap of share basis in which no cash consideration was involved and swap of shares has been successfully completed in the Board Meeting held on 12th March, 2020. As required under Regulation 32(3) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulation, 2015 statement of Deviation and Variation has been reviewed quarterly by the Audit committee and noted that

a) there was no deviation in the utilization of proceeds of preferential issue of equity shares from the objects as stated in explanatory statement to the notice and
b) there has been no variation in the use of proceeds from preferential issues of equity shares from the objects stated in explanatory statement to the notice of the General Meeting.

RELATED PARTY TRANSACTIONS

The transactions entered with all the related parties during the year under review were on arm's length basis and in the ordinary course of business. All Related Party Transactions were placed before the Audit Committee and the Board of Directors, pursuant to applicable provisions of SEBI (LODR) Regulations, 2015 & Companies Act, 2013. Prior omnibus approval of the Audit Committee has been obtained for the transactions which were repetitive in nature. The transactions entered into pursuant to the omnibus approval so granted are audited and a statement giving details of all related party transactions is placed before the Audit Committee and the Board of Directors. The policy on Related Party Transactions as approved by the Board, is available at the

Company's website.

No Contract or Agreement was executed between the Company any of the Related Party which was not at arm's length price during the period under review. The particulars of related party transactions in prescribed Form AOC - 2 are attached as "Annexure-A."

RISK MANAGEMENT

The Company has developed and implemented a risk management policy which identifies major risks which may threaten the existence of the Company. The same has also been adopted by your Board and is also subject to its review from time to time. Risk mitigation process and measures have been also formulated and clearly spelled out in the said policy. Formulation of Risk Committee is not applicable on the Company as per the applicable provisions. The elements of risk as identified for the Company with impact and mitigation strategy are set out in the Management Discussion and Analysis Report.

CORPORATE SOCIAL RESPONSIBILITY

As per the Provisions of Companies Act Corporate Social Responsibility is not applicable on the Company as it is not crossing the threshold limits as prescribed under the Act.

AUDITORS

(a) Statutory Auditors :

The members, at Thirty First Annual General Meeting held on 30th September, 2019 had accorded their approval pursuant to the provisions of Sections 139 and other applicable provisions of Companies Act, 2013 and Rules made there under to appoint Niranjan & Narayan, Chartered Accountants (Firm Registration No. 005899S) as the Statutory Auditor of the Company for the period of one year from the conclusion of that AGM till the conclusion of Thirty Second Annual General Meeting on such remuneration as may be determined by the Board of Directors. Pursuant to Section 139 of the Companies Act, 2013 the statutory auditors M/s. Niranjan & Narayan, Chartered Accountants have confirmed they are eligible to continue as auditors.

There is no qualification, reservation or adverse remark or disclaimer in the Auditors' Report notes to the accounts are self-explanatory, needs no further clarification or explanation.

(b) Secretarial Auditor:

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company had appointed VCSR & Associates, Practicing Company Secretaries to undertake the Secretarial Audit of the Company.

The Secretarial Audit Report is annexed herewith as "Annexure-B". The Secretarial Audit Report does not contain any qualification, reservation or adverse remark or disclaimer.

ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

(a) Conservation of Energy, Technology Absorption

The details as required under the provisions of Section 134(3) (m) of the Companies Act, 2013 in respect of conservation of energy and technology absorption the Company continues to adopt and use the latest technologies to improve the productivity and quality of its services and products. The Company's operations do not require significant import of technology. Your

Company has also taken steps for conversation of Energy at the Office.

(b) Foreign Exchange Earnings and Outgo Earning : Rs. 523.39 Lakhs

Outgo : Rs. 0

EXTRACT OF ANNUAL RETURN

Pursuant to the provisions of Section 134(3)(a) of the Companies Act, 2013, the extract of the Annual Return in Form MGT-9 is attached as "Annexure-C". The same is available at the website: www.fitlindia.com

As per Section 92(3) of the Companies Act, 2013, copy of annual return for year ending March 31, 2019 is made available on website of the company at http://www.fitlindia.com/pdf/Form%20MGT%207%20Frontier.pdf

INTERNAL FINANCIAL CONTROL

The Company has internal financial controls which are adequate and were operating effectively. The controls are adequate for ensuring the orderly & efficient conduct of the business, including adherence to the Company's policies, the safe guarding of assets, the prevention & detection of frauds & errors, the accuracy & completeness of accounting records and timely preparation of reliable financial information. The Company has in place adequate internal financial controls with reference to financial statements. During the year, such controls were tested and no reportable material weakness in the design or operation was observed.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

The Company does not have any loans or guarantees covered under Section 186 of the Companies Act, 2013.

During the year under review your Company has invested in Equity shares of Xenosoft Technologies (India) Private Limited, the particulars of such investment are given in the notes forming part of the Financial Statements.

PARTICULARS OF JOINT VENTURE, SUBSIDIARY & ASSOCIATE COMPANY

The Company has only one wholly owned subsidiary i.e. Xenosoft Technologies (India) Private Limited as on March 31, 2020.

There are no associates or joint venture companies within the meaning of Section 2(6) of the Companies Act, 2013 ("Act").

There has been no material change in the nature of the business of the subsidiaries.

On 12th March, 2020 the Company has acquired 100% stake in Xenosoft Technologies (India) Private Limited which is engaged in same line of business. With this acquisition, XTGlobal Inc, USA and Circulus LLC which were subsidiaries of Xenosoft Technologies (India) Private Limited will also become subsidiary of XTGlobal Infotech Limited with effect from 12th March, 2020. Pursuant to the provisions of Section 129(3) of the Act, a statement containing the salient features of financial statements of the Company's subsidiaries in Form AOC-1 is attached to the financial statements of the Company. Further, pursuant to the provisions of Section 136 of the Act, the financial statements of the Company, consolidated financial statements along with relevant documents and separate audited financial statements in respect of subsidiaries, are available on the website of the Company www.fitlindia.com

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has adopted policies and procedures 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 accounting records, and the timely preparation of financial disclosures. The Company has an internal Control System commensurate with the size, scale and complexity of its operations. These are routinely tested and certified by Statutory as well as lnternal Auditor. Significant audit observations and corrective action are reported to the Audit Committee. The concerned executives monitor and evaluates the efficacy and adequacy of internal control system in the Company, its compliance with operating systems, accounting procedures and policies at all locations of the Company. Based on the report of internal audit function, process owners undertake corrective action in their respective areas and thereby strengthen the controls. Significant audit observations and corrective actions thereon are presented to the Audit Committee.

VIGIL MECHANISM / WHISTLE BLOWER POLICY

Your Company has formulated a mechanism called "Vigil Mechanism/ Whistle Blower Policy" for directors and employees to report to the management instances of unethical behaviour, actual or suspected fraud or violation of the Company's Code of Conduct and provided a framework to protect employees wishing to raise a concern about serious irregularities within the Company. The policy permits all the directors and employees to report their concerns to the Competent Authority, Executive Chairman /Managing Director of the Company and if the Whistle Blower believes that there is a conflict of interest between the Competent Authority and the Whistle Blower, he/she may send his/her protected disclosure directly to the Chairman of the Audit Committee. The policy with the designation and address of the Competent Authority, Executive Chairman/Managing Director of the Company and Chairman of the Audit Committee has been communicated to the employees by uploading the same on the website of the Company. The Whistle Blower Policy is made available on the website of the Company.

PREVENTION OF SEXUAL HARASSMENT POLICY

Your Company laid down Prevention of Sexual Harassment policy and it is made available on the website of the Company. The Company has zero tolerance on Sexual Harassment at workplace. During the year under review there were no cases filed pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

DEPOSITS FROM PUBLIC

The Company has not accepted any deposits from public and as such, no amount on account of principal or interest on deposits from public was outstanding as on the date of the balance sheet.

INSURANCE

Your Company's assets have been adequately insured.

CORPORATE GOVERNANCE

Your Company has been particular in implementing and complying with the norms of Corporate Governance and complying all the mandatory requirements as specified in Regulations 17 to 27, clause (b) to (i) of sub-regulation (2) of Regulation 46 and paragraph C, D and E of Schedule V of the SEBI (LODR) Regulations, 2015. A detailed report on Corporate Governance covering among others composition, details of meetings of the Board and Committees along with a certificate for compliance with the conditions of Corporate Governance in accordance with the Securities and Exchange Board of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 along with Certificate from a practicing company secretary thereon is attached separately to this Report as Annexure - E.

DISCLOSURE AS PER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

Your Directors state that during the year under review, there was no complaint filed/pending pursuant to the provisions of

"Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013".

The Company has complied with the Constitution of internal Compliant Committee under Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

POLICY ON DIRECTORS' APPOINTMENT AND REMUNERATION

The Nomination & Remuneration Committee of the Company formulates the criteria for determining the qualifications, positive attributes, and independence of Directors in terms of its charter. In evaluating the suitability of individual Board members, the Committee takes into account factors such as educational and professional background, general understanding of the Company's business dynamics, standing in the profession, personal and professional ethics, integrity and values, willingness to devote sufficient time and energy in carrying out their duties and responsibilities effectively.

PARTICULARS OF EMPLOYEES AND MANAGERIAL REMUNERATION

In terms of the provisions of Section 197 of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are given below: a. The ratio of the remuneration of each director to the median remuneration of the employees of the Company for the financial year:

Particulars Ratio to Median Remuneration
Non-Executive Directors* -
Executive Directors# -

*No remuneration other than sitting fee is paid to Non-executive Independent Director(s) of the company. #No remuneration was paid to Executive Director(s) of the company. b. The percentage increase in remuneration of each director, chief executive officer, chief financial officer, company secretary in the financial year:

Director, Chief Executive Officer, Chief Financial Officer and Company Secretary % Increase in Remuneration in the Financial Year
Directors No remuneration other than sitting fee is paid to Non- executive Independent Directors of the company. No remuneration was paid to executive directors during the financial year.
The company has not appointed Chief Executive Officer during the financial year
Chief Executive Officer
Chief Financial Officer This year Company has appointed CFO, % increase could not be presented as the company has not appointed any Chief Financial Officer in the past years
Company Secretary There is a nominal change in the Remuneration of the Company Secretary from the Last year

c. The percentage increase in the median remuneration of employees in the financial year: 102.10%

d. The number of permanent employees on the rolls of Company: 77 (As on 31st March, 2020)

e. 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 percentile increase in the managerial remuneration and justification there of and point out if there are any exceptional circumstances for increase in the managerial remuneration: The average annual increase was around 11% for personnel other than managerial personnel.

f. Affirmation that the remuneration is as per the remuneration policy of the Company: The Company affirms that the remuneration is as per the remuneration policy of the Company. There are no employees drawing remuneration in excess of the limits set out in the Rule 5 (2) and (3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. In terms of Section 136 of the Act, the said annexure is open for inspection at the Registered Office of the Company. Any Member interested in obtaining a copy of the same may write to the Company Secretary. There are no employees drawing remuneration in excess of the limits set out in the Rule 5 (2) and (3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

OBSERVANCE OF THE SECRETARIAL STANDARDS ISSUED BY THE INSTITUTE

The Institute of Company Secretaries of India has issued Secretarial Standards on Board Meeting (SS-1) and General Meeting (SS-2) which were made compulsory for all companies by the Ministry of Corporate Affairs. The Institute has also issued Secretarial Standards on Dividend (SS-3), which is however not compulsory. The Company adheres to these standards.

MATERIAL CHANGES AND COMMITMENTS

No significant and material order has been passed by the regulators, courts, tribunals impacting the going concern status from April, 2019 to March, 2020.

MAINTAINENCE OF COST RECORDS

The Central Government has not prescribed the maintenance of cost records under sub-section (1) of section 148 of the Act, and accordingly, such cost accounts and records are not maintained by the Company.

INSIDER TRADING REGULATIONS

Your Company is compliant Pursuant to the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015 (as amended from time to time), the Company has formulated a Code of Conduct on Prohibition of Insider Trading (‘Insider Trading Code').

ACKNOWLEDGEMENT

The Board of Directors take this opportunity to express their gratitude to the Central Government, State Government and Local Authorities, Financial institutions, Banks, Customers, Dealers, Vendors and all the stakeholders for their continued cooperation and support to your Company. The Board of Directors wishes to express its appreciation to all the employees of the Company for their contribution to the operations of the Company. The Directors appreciate and value the contribution made by every member of the XTGlobal Family. The Board specially thanks the shareholders for their continued confidence and faith in the Company.

For and on behalf of the Board of Directors
Sd/- Sd/-
Sreenivasa Rao Potti Vuppuluri Sreedevi
Date: 05th September, 2020 Director Whole-time Director
Place: Hyderabad DIN: 05119348 DIN: 02448540

   

XT Global Infotech Ltd Company Background

Mullapudi Rama Rao
Incorporation Year1986
Registered OfficePlot 31 & 32 3rd Flr Tower-A,Ramky Selenium Nanakramguda
Hyderabad,Telangana-500032
Telephone,Managing Director
Fax
Company SecretaryShikha Gangrade
AuditorNiranjan & Narayan
Face Value1
Market Lot1
ListingBSE,
RegistrarKFin Techologies Pvt Ltd
Karvy Selenium Tow-B,31&32 Financial Dist,Nanakramguda ,Hyderabad-500032

XT Global Infotech Ltd Company Management

Director NameDirector DesignationYear
Mullapudi Rama Rao Chairman & Director 2019
Vuppuluri Sreedevi Whole-time Director 2019
Sreenivasa Rao Potti Addtnl Independent Director 2019
Shikha Gangrade Company Secretary 2019
Venkata Madhusudhana Rao Paladugu Addtnl Independent Director 2019
Saibaba Karuturi Independent Director 2019
Srinivasa Rao Kosuri Non Executive Director 2019
Srinivasa Pendyala Additional Director 2019

XT Global Infotech Ltd Listing Information

XT Global Infotech Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Sale of Service NA 0000.41767
Software Develop.Chrg-DomesticNA 0000
Software-Export NA 0000
Revenue from Operation NA 0000

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