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

NSE BSE
 

Volume 280564

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Key Stats

MARKET CAP (RS CR) 3.96
P/E 0
BOOK VALUE (RS) 6.5054563
DIV (%) 0
MARKET LOT 1
EPS (TTM) 0
PRICE/BOOK 0.604108277539271
DIV YIELD.(%) 0
FACE VALUE (RS) 10
DELIVERABLES (%)
4

News & Announcements

24-Feb-2021

P.M. Telelinnks standalone net profit declines 77.78% in the December 2020 quarter

24-Feb-2021

P.M. Telelinnks Ltd - Results-Financial Results For The Quarter Ended 31St December, 2020

24-Feb-2021

P.M. Telelinnks Ltd - Outcome Of The Board Meeting Held On 12.02.2021

03-Feb-2021

PM Telelinnks revises board meeting date

03-Feb-2021

PM Telelinnks revises board meeting date

29-Jan-2021

PM Telelinnks schedules board meeting

28-Oct-2020

PM Telelinnks announces board meeting date

24-Sep-2020

PM Telelinnks AGM scheduled

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

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Denholm Steels Ltd (Wound-up) 513470
Dewan Steels Ltd 513646 DEWANSTEEL
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Dina Iron & Steel Ltd 532003
Do-Max Steel Ltd 513339
Eastcoast Steel Ltd 520081 ESTCSTSTEL
Elango Steels Ltd 13452
Electrosteel Steels Ltd 533264 ELECTROSL
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Ellora Steels Ltd 513424
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Facor Steels Ltd 532657
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G K Steel & Allied Industries Ltd (Wound-up) 513287
Gallantt Metal Ltd 532726 GALLANTT
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Gangotri Iron and Steel Company Ltd 530945
Garg Furnace Ltd 530615
Garg Steel & Alloys Ltd 40483
Global Arya Industries Ltd 513621
GM Mittal Stainless Steels Ltd 513199
Godawari Power & Ispat Ltd 532734 GPIL
Goodluck India Ltd 530655 GOODLUCK
Gopal Iron & Steels Co.(Gujarat) Ltd 531913
Graham Firth Steel Products (India) Ltd 504707
Grand Foundry Ltd 513343 GFSTEELS
Gujarat Bonanza Auto & Steel Rolling Ltd 523996
Gujarat Intrux Ltd 517372
Gujarat Natural Resources Ltd 513536
Gujarat Steel Tubes Ltd (Wound Up) 504710
Gujarat Wedge Wire Screens Ltd 513129
Gwalior Strips Ltd 513014
Gyscoal Alloys Ltd 533275 GAL
HAMCO Steels & Alloys Ltd 503839
Handum Industries Ltd 40342
Hariyana Ventures Ltd 506024
Harpartap Steel Ltd 513689
Haryana Steel & Alloys Ltd 504601
Heera Ispat Ltd 526967
Him Ispat Ltd (Wound-up) 513017
Himachal Tubes & Wires Ltd 517029
Himtubes Ltd 513018
Hind Wire Industries Ltd 504716
Hindustan Wires Ltd 504713
Hisar Metal Industries Ltd 590018 HISARMETAL
Hi-Tech Pipes Ltd 532601 HITECH
Hitek Industries (Bihar) Ltd 513003
India Steel Works Ltd 513361 ISIBARS
Indian Bright Steel Company Ltd 504731
Indian Seamless Metal Tubes Ltd (Merged) 504754 ISMETALTUB
Indian Seamless Steels & Alloys Ltd (Merged) 513385 ISSAL
Indian Steel Rolling Mills Ltd 513275
Indore Wire Company Ltd 504784
Innoventive Industries Ltd 533402 INNOIND
ISMT Ltd 532479 ISMTLTD
Ispat Profiles India Ltd 531464 ISPATPROF
J M D Alloys Ltd 531765
Jagan Tubes Ltd 40268
Jalan Ispat Castings Ltd 513301
Jay Iron & Steel Industries Ltd 513542
Jindal Iron & Steel Company Ltd (Merged) 500107 JINDALIRON
JTL Infra Ltd 534600
Kalyani Steels Ltd 500235 KSL
Kamdhenu Ltd 532741 KAMDHENU
Kamini Ispat Ltd 531555
Kamper Concast Ltd 531475 KAMPERCONC
Kanakdhara Steel Ltd 513267 KANAKSTEEL
Kanan Steels Ltd 531476
Kanishk Steel Industries Ltd 513456
Kinjal Metals Ltd 531298
KR Steelunion Ltd (Wound-up) 513181
Kritika Wires Ltd 535116 KRITIKA
Kusum Ingots & Alloys Ltd 513315 KUSUMINGOT
Kusum Iron & Steel Ltd 513625
Ladam Steels Ltd 513420
Lloyds Steels Industries Ltd 539992 LSIL
Mahalaxmi Seamless Ltd 513460
Mahamaya Steel Industries Ltd 513554 MAHASTEEL
Maharashtra Seamless Ltd 500265 MAHSEAMLES
Mahindra Ugine Steel Company Ltd(Merged) 504823 MAHINDUGIN
Majestic Industries Ltd 526857 MAJESTIND
Malhotra Steel Industries Ltd 513601
Mamta Steels Ltd 530051
Man Industries (India) Ltd 513269 MANINDS
Manaksia Coated Metals & Industries Ltd 539046 MANAKCOAT
Manaksia Steels Ltd 539044 MANAKSTEEL
Mardia Steel Ltd (Wound-up) 513707 MARDIASTL
Marmagoa Steel Ltd 513355
Mayura Alloy Industries Ltd 530437
MEK Slotted Angles (India) Ltd 513198
Metal Coatings (India) Ltd 531810
Metalman Industries Ltd 513131 METALPIPE
Midfield Industries Ltd 533220
Minhas Steels Ltd 530241
Mishra Dhatu Nigam Ltd 541195 MIDHANI
Modern Steels Ltd 513303
Mohatta & Heckel Ltd 504844
Moira Wires Ltd 513603
Mukand Ltd 500460 MUKANDLTD
Mukat Pipes Ltd 523832 MUKATPIPE
Mukesh Steels Ltd 513265
Mukesh Strips Ltd 517374
Muzaffarnagar Steels Ltd 504855
Narayani Steels Ltd 540080
National General Industries Ltd 531651
National Steel & Agro Industries Ltd 513179 NATNLSTEEL
Nova Steels (India) Ltd 513395 NOVASTEEL
Nova Udyog Ltd 513426
NSL Ltd (Merged) 504778 NSL
OCL Iron & Steel Ltd 533008 OISL
Oil Country Tubular Ltd 500313 OILCOUNTUB
Pact Industries Ltd 538963
Panchmahal Steel Ltd 513511 PANCHMSTEL
Paramount Steels Ltd 513062
Partap Rajastan Special Steels Ltd 504860
Pennar Engineered Building Systems Ltd(Merged) 539333 PENPEBS
Pennar Industries Ltd 513228 PENIND
Pittsburgh Iron & Steels Ltd 531135
Piyush Steels Ltd 530559
Powmex Steels Ltd (Merged) 513311 POWMEXSTL
Prabhu Steel Industries Ltd 506042
Prakash Industries Ltd 506022 PRAKASH
Prakash Steelage Ltd 533239 PRAKASHSTL
Premier Tubes Ltd 506066
Primuss Pipes & Tubes Ltd 513291
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PSL Ltd 526801 PSL
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Rajasthan Tube Manufacturing Co Ltd 530253
Rajinder Alloys Ltd 513408
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Rajinder Steels Ltd 500353 RAJINSTEEL
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Rakan Steels Ltd 513480
Rama Steel Tubes Ltd 539309 RAMASTEEL
Ramsarup Industries Ltd 532690 RAMSARUP
Ramsunar Rolsteel Ltd 513560
Ranjeev Alloys Ltd 513727
Rathi Alloys & Steel Ltd (Winded) 504895 RATHIALLOY
Rathi Bars Ltd 532918
Rathi Industries Ltd 513568
Rathi Ispat Ltd 504896
Rathi Steel & Power Ltd 504903
Ratnamani Engineering Ltd (Merged) 513591
Ratnamani Metals & Tubes Ltd 520111 RATNAMANI
Real Strips Ltd 513558
Remi Edelstahl Tubulars Ltd 513043
Riddhi Steel & Tube Ltd 540082
Rishab Concast Ltd 513299
Rishabh Digha Steel & Allied Products Ltd 531539
RMI Steels Ltd 513212
Rohini Strips Ltd 526277
Rudra Global Infra Products Ltd 539226
S K Foils Ltd 40396
SAIL-SCL Kerala Ltd 504953
Salasar Techno Engineering Ltd 540642 SALASAR
Samana Steels Ltd 513462
Sandeep Steels Ltd (Merged) 513432
Sanghvi Steels Ltd 513077
Sarda Energy & Minerals Ltd 504614 SARDAEN
Sarigam Seamless Pipes Ltd 513607
Sarigam Steels Ltd 513324
Scan Steels Ltd 511672
Seemax Industries Ltd 40273
Shah Alloys Ltd 513436 SHAHALLOYS
Sharda Ispat Ltd 513548
Shivalik Loha Mills Ltd 513615 SHIVLOHMIL
Shree Mahavir Ispat ltd 504925
Shree Steel Wire Ropes Ltd 513488
Shri Bajrang Alliance Ltd 526981
Shri Bhagavati Bright Bars Ltd 530913
Shri Ishar Alloy Steel Ltd 513223 SRISARALOY
Siddhartha Tubes Ltd 523728 SIDDHATUBE
Singh Alloys & Steels Ltd (Wound-up) 513697
Singhal Swaroop Ispat Ltd 513391 SSISPAT
Sipta Coated Steels Ltd (Merged) 513079 SIPTACOAT
Sivanandha Pipe Fittings Ltd 40125
SJB Tubes Ltd 517528
Somani Iron & Steels Ltd 504615
Somani Strips Ltd 530823
Somani Swiss Industries Ltd 511722 SOMANISWIS
Southern Iron & Steel Company Ltd(merged) 530491
Spearhead Metals & Alloys Ltd 513556
Splendid Metal Products Ltd 513414 SMPL
Sri Vasavi Industries Ltd 513609
Srikalahasthi Pipes Ltd 513605 SRIPIPES
Srinivasa Smelters Ltd 523814
Steel Strips Ltd 504717
Steel Tubes of India Ltd 506059 STEELTUBES
Steelco Gujarat Ltd 500399 STEELCOGUJ
Stelco Strips Ltd 513530
STI Products India Ltd 517492
Sunflag Iron & Steel Company Ltd 500404 SUNFLAG
Super Forgings & Steels Ltd 513277 SUPERFORGE
Supershakti Metaliks Ltd 541701
Supreme Engineering Ltd 535105 SUPREMEENG
Suraj Ltd 531638
Surana Industries Ltd 513597 SURANAIND
Surani Steel Tubes Ltd 535154 SURANI
Tamilnadu Steel Tubes Ltd 513540
Tata Metals & Strips Ltd (Merged) 502631
Tata SSL Ltd (Merged) 500396 SPECIALSTL
Technocraft Industries (India) Ltd 532804 TIIL
Thapar Concast Ltd 530453
Thapar Ispat Ltd 513285 THAPRISPAT
Titan Alloys Ltd 500417
Trident Steels Ltd (Wound-up) 513486
Tubetec Seamless Ltd 526007
Tulsyan NEC Ltd 513629 TULSYAN
UMI Special Steel Ltd(wound-up) 500435 BIHARALLOY
Umiya Tubes Ltd 539798
Uni-Metal Alloys Ltd 513482
Unison Metals Ltd 538610
United Special Ispat Ltd 40359
United White Metal Ltd 504980
Unity Steels Ltd 513186
Usha Iron & Ferro Metals Corporation Ltd 513464
Usha Martin Industries Ltd (Merged) 504986 USHAMARTIN
Usha Martin Ltd 517146 USHAMART
Uttam Galva Steels Ltd 513216 UTTAMSTL
Uttam Value Steels Ltd 500254 UVSL
Vallabh Steels Ltd 513397
Vardhman Industries Ltd 513534
Vardhman Special Steels Ltd 534392 VSSL
Varun Industries Ltd 532917 VARUN
Vermani Steel Strips Ltd 513587
Vini Metaspin Steels Ltd (Wound-up) 531325
Viraj Alloys Ltd(merged) 513562 VIRAJALLOY
Visa Steel Ltd 532721 VISASTEEL
Vishwas Infocom Industries Ltd 513573
Volvo Steels Ltd 530285
Welspun Corp Ltd 532144 WELCORP
Welspun Specialty Solutions Ltd 500365 REMIMETAL
Western Ministil Ltd 504998
Zenith Steel Pipes & Industries Ltd 531845 ZENITHSTL

Share Holding

Category No. of shares Percentage
Total Foreign 5453 0.05
Total Institutions 100 0.00
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 620184 6.16
Total Promoters 4658538 46.24
Total Public & others 4790725 47.55
Total 10075000 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About P.M. Telelinnks Ltd

Surana Strips (SSL) was incorporated as Medak Stainless Rolling Pvt Ltd. The name was changed to Ranka Alloys & Strips Pvt Ltd on 4 Apr.'86. The company was taken over from the Rankas by the promoters of the Surana Udyog group in 1987 as a sick unit and renamed Surana Strips Pvt Ltd on 15 Sep.'87. It was converted into a public limited company from 4 Nov.'92 and became a part of the Surana Udyog group. The name of the company was changed to P.M.Telelinks Ltd in October,2002 with the prior approval from the Board. SSL manufactures cold-rolled steel strips (inst. cap. : 50,000 tpa). The company has been producing cold-rolled steel strips for over a decade. The required know-how has already been acquired and production has stabilised over the years. The company expanded its capacity from 20,000 tpa for cold-rolled steel strips of narrow width of 400 mm to 50,000 tpa for 750 mm. The cost of expansion was met by a term loan from the IDBI and fresh capital raised through a rights issue. SSL has now diversified into tube manufacture, a product which has extensive demand. A separate unit has been set up near Patancheru to produce 1000 tpa of tubes, ranging from 1/2 to 2 inches diameter and commercial production has already commenced. The installation of machinery for the manufacture of boiler tubes is expected to be complete by Mar.'96. The total outlay for both the projects amounting to Rs 6.5 cr is funded mainly by debt and internal accruals. Since the steel industry was badly performing on many counts like excess capacities,dumping by imports the company had coupled with operational losses. And consequently the networth of the company was fully eroded. The company has now been declared as Sick Industrial Company and therefore made a reference to BIFR as per the provisions. It is also planning to diversify into high value added products and thrust on exports.

P.M. Telelinnks Ltd Chairman Speech

P.M. Telelinnks Ltd Company History

Surana Strips (SSL) was incorporated as Medak Stainless Rolling Pvt Ltd. The name was changed to Ranka Alloys & Strips Pvt Ltd on 4 Apr.'86. The company was taken over from the Rankas by the promoters of the Surana Udyog group in 1987 as a sick unit and renamed Surana Strips Pvt Ltd on 15 Sep.'87. It was converted into a public limited company from 4 Nov.'92 and became a part of the Surana Udyog group. The name of the company was changed to P.M.Telelinks Ltd in October,2002 with the prior approval from the Board. SSL manufactures cold-rolled steel strips (inst. cap. : 50,000 tpa). The company has been producing cold-rolled steel strips for over a decade. The required know-how has already been acquired and production has stabilised over the years. The company expanded its capacity from 20,000 tpa for cold-rolled steel strips of narrow width of 400 mm to 50,000 tpa for 750 mm. The cost of expansion was met by a term loan from the IDBI and fresh capital raised through a rights issue. SSL has now diversified into tube manufacture, a product which has extensive demand. A separate unit has been set up near Patancheru to produce 1000 tpa of tubes, ranging from 1/2 to 2 inches diameter and commercial production has already commenced. The installation of machinery for the manufacture of boiler tubes is expected to be complete by Mar.'96. The total outlay for both the projects amounting to Rs 6.5 cr is funded mainly by debt and internal accruals. Since the steel industry was badly performing on many counts like excess capacities,dumping by imports the company had coupled with operational losses. And consequently the networth of the company was fully eroded. The company has now been declared as Sick Industrial Company and therefore made a reference to BIFR as per the provisions. It is also planning to diversify into high value added products and thrust on exports.

P.M. Telelinnks Ltd Directors Reports

Dear Members,

Your Directors have pleasure in presenting the 39th (Thirty Ninth) Annual Report and the Audited Statement of Accounts for the year ended on March 31, 2019.

FINANCIAL RESULTS:

The performance during the period ended March 31, 2019 has been as under:

(Amount in Thousands)
Current Year Previous Year
Particulars
31-03-2019 31-03-2018
Revenue from Operations 2,28,065.44 1,02,414.79
Other Income 305.53 -
Total Revenue 2,28,370.98 1,02,414.79
Total Expenditure 22,66,14.80 1,01,394.89
Prior Period Adjustment - -
Profit / (loss) Before exceptional and extraordinary items and Tax 1,756.17 1,019.90
Less: exceptional and extraordinary items - -
Profit/ (loss) Before Taxation 1,756.17 1,019.90
Less: - Current Tax 344.55 234.45
- Tax adjustment relating to prior years - -
- Deferred Tax 112.35 143.22
Profit / (loss) After Tax 1,299.27 633.23

REVIEW OF PERFORMANCE AND STATE OF THE COMPANY'S AFFAIRS:

During the year under review, overall performance of the Company was reasonable considering to the sector/market conditions. The revenue of the Company increased to Rs. 22,80,65,440/- compared to Rs. 10,24,14,790/- in the previous year and the Profit after tax for the year increased to Rs. 12,99,270/- compared to Rs. 6,33,230/- in the previous year.

CHANGE IN THE NATURE OF BUSINESS, IF ANY:

There is no change in the nature of business during the year.

MATERIAL CHANGES AND COMMITMENTS IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY:

There are no material changes and commitments affecting the financial position of the company which occurred between the end of the financial year to which the financial statements relate and the date of the report.

DEPOSITS:

Your Company has not accepted any deposits from the Public for the year under review under Chapter V of the Companies Act, 2013 and the rules made there under.

APPROPRIATIONS:

Transfer to Reserves

The Company has transferred Rs. 12,99,270/- to the Reserves during the financial year 2018-19.

Dividend

The company has not declared any dividend during the financial year under review.

SHARE CAPITAL:

During the year under review, the Authorized Share Capital of the company is Rs.12,00,00,000/- divided into 1,20,00,000 Equity shares of Rs.10/- (Rupees Ten) each.

The Issued, Subscribed and Paid up Capital of the Company as on March 31, 2019 is Rs.10,07,50,000/-divided into 1,00,75,000 Equity shares of Rs.10/- (Rupees Ten) each.

The Company has not issued any shares with differential rights and hence no information as per provisions of Section 43(a) (ii) of the Act read with Rule 4(4) of the Companies (Share Capital and Debenture) Rules, 2014 is furnished.

DIRECTORS:

Appropriate resolutions for the re-appointment of Directors are being placed before you for your approval at the ensuing Annual General Meeting. The brief resume of the aforesaid Directors and other information have been detailed in the Notice. Your Directors recommend their re-appointment as Directors of your Company.

Further, there were no appointments and resignation of Directors during the financial year 2018-19.

MEETINGS OF THE BOARD:

The Board of Directors duly met 7 (Seven) times on 05.04.2018, 15.05.2018, 03.08.2018, 21.08.2018, 30.10.2018 , 12.12.2018 and 23.01.2019 in respect of which meetings, proper notices were given and the proceedings were properly recorded and signed in the Minutes Book maintained for the purpose.

DECLARATION GIVEN BY INDEPENDENT DIRECTORS:

The Company has received necessary declaration from each independent director under section 149(7) of the Companies Act, 2013 that he/she meets the criteria of independence laid down in Section 149(6) of the Companies Act, 2013.

POLICY ON DIRECTOR'S APPOINTMENT AND REMUNERATION:

The Board has, on the recommendation of the Nomination & Remuneration committee framed a policy for selection and appointment of Directors, Senior Management and their remuneration.

BOARD EVALUATION:

The company believes formal evaluation of the board and of the individual directors, on an annual basis, is a potentially effective way to respond to the demand for greater board accountability and effectiveness. For the company, evaluation provides an ongoing means for directors to assess their individual and collective performance and effectiveness. In addition to greater board accountability, evaluation of board members helps in;

a. More effective board process

b. Better collaboration and communication

c. Greater clarity with regard to member's roles and responsibilities

d. Improved chairman managing directors and board relations

The evaluation process covers the following aspects:

- Self evaluation of directors

- Evaluation of the performance and effectiveness of the board

- Evaluation of the performance and effectiveness of the committees

- Feedback from the non executive directors to the chairman

- Feedback on management support to the board.

FAMILIARISATION PROGRAMME FOR INDEPENDENT DIRECTORS:

The Company shall through its Senior Managerial personnel familiarise the Independent Directors with the strategy, operations and functions of the Company. The Independent Directors will also be familiarised with their roles, rights and responsibilities and orientation on Statutory Compliances as a Board Member.

On appointment of the Independent Directors, they will be asked to get familiarised about the Company's operations and businesses. An Interaction with the key executives of the Company is also facilitated to make them more familiar with the operations carried by the Company. Detailed presentations on the business of the Company are also made to the Directors. Direct meetings with the Chairman and the Managing Director are further facilitated for the new appointee to familiarize him/her about the Company/its businesses and the group practices as the case may be and link is available at the website of the Company www.pmtele.com.

DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to the requirement under section 134 (3) and (5) of the Companies Act 2013, with respect to Directors' Responsibility Statement, your board of directors to the best of their knowledge and ability confirm that:

i. In the preparation of the annual accounts for the financial year ended March 31, 2019, the applicable accounting standards had been followed along with proper explanation relating to material departures;

ii. That the Directors had selected such accounting policies and applied them consistently and made judgments and estimates that were 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 under review;

iii. That the Directors had taken proper and sufficient care 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;

iv. That the Directors have prepared the accounts for the financial year ended March 31, 2019 on a ‘going concern' basis;

v. That the Directors laid down internal financial controls for the Company and such internal financial controls are adequate and operating effectively; and

vi. That the Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and such systems are adequate and operating effectively.

CONSTITUTION OF COMMITTEES:

A. AUDIT COMMITTEE:

The Audit Committee of the Company is duly constituted as per Section 177 of the Companies Act, 2013 and is in accordance with SEBI (LODR) Regulation, 2015. Composition and scope of Audit Committee is provided under the Corporate Governance report annexed herewith.

B. NOMINATION & REMUNERATION COMMITTEE CUM COMPENSATION COMMITTEE:

The Nomination & Remuneration Committee cum Compensation Committee is duly constituted as per Section 178 of the Companies Act, 2013. Composition and scope of Nomination & Remuneration Committee cum Compensation Committee is provided under the Corporate Governance report annexed herewith.

C. STAKEHOLDERS RELATIONSHIP COMMITTEE:

The Stakeholders Relationship Committee is duly constituted as per the provisions of the Companies Act, 2013. Composition and scope of Stakeholders Relationship Committee is provided under the Corporate Governance report annexed herewith.

AUDITORS:

A. STATUTORY AUDITORS:

M/s. Gupta Raj & Co. Chartered Accountant, Mumbai (Firm Registration No. 001687N) are proposed to be appointed as Statutory Auditors of the Company, for a term of 5 (Five) consecutive years, who shall hold from the conclusion of this 39th Annual General Meeting for a period of Five (5) years till the conclusion of 44th Annual General Meeting of the Company. They have confirmed that they are not disqualified from acting as Auditors of the Company.

B. SECRETARIAL AUDITORS:

According to the provision of section 204 of the Companies Act, 2013 read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board has appointed M/s. M&K Associates, Practicing Company Secretary Firm as Secretarial Auditors of the Company and Secretarial Audit Report submitted by them is enclosed as Annexure to this report.

REPLIES TO AUDITORS REPORT:

Auditors' observations are suitably explained in notes to the Accounts and are self-explanatory.

BUSINESS RESPONSIBILITY REPORT (BRR):

Securities Exchange Board of India (SEBI) vide circular CIR/CFD/DIL/8/2012 dated August 13, 2012 has mandated the inclusion of BRR as part of the Annual Report for the top 100 listed entities based on their market capitalization on Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd as at March 31, 2012. In view of the requirements specified, the company is not mandated for the providing the BRR and hence do not form part of this Report.

CORPORATE SOCIAL RESPONSIBILITY:

The provision w.r.t. CSR is not applicable to the Company. Therefore, the Company has not constituted CSR committee during the year 2018-19.

PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS:

Details of loans and guarantees given and investments made under Section 186 of the Act are provided in the Notes to the Financial Statements.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

All the related party transactions that were entered during the financial years in the ordinary course of business of the company and were on arm length basis. There were no materially significant related party transactions entered by the company during the year with the promoters, directors, key managerial personnel or other persons which may have a potential conflict with the interest of the company.

The policy on related party transactions as approved by the board of directors is hosted on the website of the company.

Particulars of every contract or arrangements entered into by the Company with related parties referred to in sub-section (1) of section 188 of the Companies Act, 2013 including certain arm's length transactions under third proviso thereto shall be disclosed in Form No. AOC-2 as ‘Annexure' to this report.

DETAILS OF SUBSIDIARY, JOINT VENTURE OR ASSOCIATE COMPANIES:

The Company does not have any Subsidiary, Joint Venture or Associate Company as on March 31, 2019.

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY'S OPERATIONS IN FUTURE:

No significant and material order has been passed by the regulators, courts, tribunals impacting the going concern status and Company's operations in future.

DEVELOPMENT AND IMPLEMENTATION OF A RISK MANAGEMENT POLICY:

The Risk Management Policy in place in the company enables the company to proactively take care of the internal and external risks of the company and ensures smooth business operations.

The company's risk management policy ensures that all its material risk exposures are properly covered, all compliance risks are covered and the company's business growth and financial stability are assured. Board of Directors decide the policies and ensure their implementation to ensure protection of company from any type of risks.

CONSERVATION OF ENERGY, FOREIGN EXCHANGE ETC.:

Information on conservation of Energy, Technology absorption, Foreign Exchange earnings and outgo required to be disclosed under Section 134 of the Companies Act, 2013 read with Companies (Accounts) Rules, 2014 are as follows:

A. CONSERVATION OF ENERGY:

(i) Energy conservation dictates how efficiently a company can conduct its operations. Our Company has recognized the importance of energy conservation in decreasing the deleterious effects of global warming and climate change. The Company has undertaken various energy efficient practices that have reduced the growth in carbon di-oxide (CO2) emissions and strengthened the Company's commitment towards becoming an environment friendly organisation, the step taken by the company is utilizing alternate sources of energy;

(ii) No additional investments are made during the year under review;

B. TECHNOLOGY ABSORPTION:

Updation of Technology is a Continuous process, absorption implemented and adapted by the Company for innovation.

C. FOREIGN EXCHANGE EARNINGS AND OUTGO:

In accordance with the provisions of Section 134 of the Companies Act, 2013, read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, the information relating to foreign exchange earnings and outgo is provided under Notes to the Balance Sheet and Profit and Loss Account.

EXTRACT OF ANNUAL RETURN:

The extract of Annual Return of the Company in Form No. MGT-9 for the year under report pursuant to Section 134(3) of the Companies Act, 2013 is given as an Annexure to this report and is available on the website of the Company www.pmtele.com.

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY:

The Company has adequate system of internal control to safeguard and protect from loss, unauthorized use or disposition of its assets. All the transactions are properly authorized, recorded and reported to the Management. The Company is following all the applicable Accounting Standards for properly maintaining the books of accounts and reporting financial statements. The internal auditor of the company checks and verifies the internal control and monitors them in accordance with policy adopted by the company. Even through this non-production period the Company continues to ensure proper and adequate systems and procedures commensurate with its size and nature of its business.

VIGIL MECHANISM / WHISTLE BLOWER POLICY:

Pursuant to the provisions of section 177 of the companies act, 2013 and the rules framed there under and pursuant to the applicable provision of SEBI (Listing Obligations and disclosure Requirements) Regulations, 2015 the listing agreement entered with stock exchanges, the company has established a mechanism through which all stake holders can report the suspected frauds and genuine grievances to the appropriate authority. The Whistle blower policy which has been approved by the board of directors of the company has been hosted on the website of the company viz www.pmtele.com

INTERNAL CONTROL SYSTEMS:

Your Company has well established procedures for internal control across its various locations, commensurate with its size and operations. The organization is adequately staffed with qualified and experienced personnel for implementing and monitoring the internal control environment. The internal audit function is adequately resourced commensurate with the operations of the Company and reports to the Audit Committee of the Board.

CORPORATE GOVERNANCE:

In pursuance of Regulation 17 to 27 read with Schedule V of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, entered into with the Stock Exchanges, a separate Report on Corporate Governance together with a certificate from the Practicing Company Secretary confirming compliance forms an integral part of this Report.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

The Management Discussion and Analysis Report highlighting the industry structure and developments, opportunities and threats, future outlook, risks and concerns etc. is furnished separately and forms part of this report.

SECRETARIAL STANDARDS:

The Directors state that applicable Secretarial Standards, i.e., SS-1 and SS-2 as issued by ICSI (Institute of Company Secretaries of India) relating to ‘Meetings of Board of Directors' and ‘General Meetings' respectively have been duly followed by the Company.

LISTING WITH STOCK EXCHANGES:

The Company confirms that it has paid the Annual Listing Fees for the year 2018-19 to BSE where the Company's Shares are listed.

PARTICULARS OF EMPLOYEES:

The total numbers of Employees working in company are: 3

The particulars of the employees who are covered by the provisions contained in Rule 5(2) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014: Details provided in Annexure D.

The remuneration paid to all Key management Personnel was in accordance with remuneration policy adopted by the company.

INDUSTRIAL RELATIONS:

The company enjoyed cordial relations with its employees during the year under review and the Board appreciates the employees across the cadres for their dedicated service to the Company, and looks forward to their continued support and higher level of productivity for achieving the targets set for the future.

HUMAN RESOURCES:

Your Company treats its “human resources” as one of its most important assets.

Your Company continuously invests in attraction, retention and development of talent on an ongoing basis. Your Company thrust is on the promotion of talent internally through job rotation and job enlargement

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013:

The Company has in place an Anti-Sexual Harassment Policy in line with the requirements of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. All employees (permanent, contractual, temporary, trainees) are covered under this policy. The provision relating to constitution of Internal Complaints Committee is not applicable to the Company

The following is a summary of sexual harassment complaints received and disposed off during the year 2018-19:

• No. of complaints received: - NIL
• No. of complaints disposed off: - NIL

ACKNOWLEDGEMENTS:

Your Directors wish to place on record their appreciation of the contribution made by the employees at all levels, to the continued growth and prosperity of your Company.

Your Directors also wish to place on record their appreciation of business constituents, banks and other financial institutions and shareholders, of the Company for their continued support.

For and on behalf of the Board of Directors
P.M. Telelinnks Limited
Sd/- Sd/-
Gulabchand Pukhraj Surana Ravi Surana Pukhraj
Managing Director Director
DIN: 01777675 DIN: 01777676
Date:30.08.2019
Place: Secunderabad

   

P.M. Telelinnks Ltd Company Background

G P Surana
Incorporation Year1980
Registered Office1-7-241/11/D,S D Road
Secunderabad,Telangana-500003
Telephone91-40-65595929/40176211,Managing Director
Fax91-40-27818967
Company SecretaryNarasimham Mangavally
AuditorGupta Raj & Co
Face Value10
Market Lot1
ListingBSE,
RegistrarAarthi Consultants Pvt Ltd
1-2-285 Domalguda, , ,Hyderabad - 500 029

P.M. Telelinnks Ltd Company Management

Director NameDirector DesignationYear
G P Surana Managing Director 2019
Amish Kadakia Bharat Independent Director 2019
Ravi Surana Pukhraj Whole Time Director & CFO 2019
Malapaka Venkata Surya Sri Lakshmi Director 2019
Narasimham Mangavally Company Secretary 2019
Laxmikanth Reddy Patolla Independent Director 2019

P.M. Telelinnks Ltd Listing Information

P.M. Telelinnks Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Sales NA 00022.80654
Adjustment NA 0000
Scrap MT 0000
D W Headers MT 0000
Hot Rolled Strips MT 0000
Hot Rolled Strips (Strip Mill)MT 0000
CRCA Coils MT 0000
Galvanised Pipes MT 0000
Pipes-GI MT 0000
Tubes-MS MT 0000
CRCA Strips MT 0000
Black Tubes & Pipes MT 0000
C R Strips/H R Slittd Coil MT 0000
Headers MT 0000
Job Work Charges MT 0000
Sale to other parties NA 0000

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