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

NSE BSE
 

Volume 280564

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Key Stats

MARKET CAP (RS CR) 5.99
P/E 0
BOOK VALUE (RS) 6.4430556
DIV (%) 0
MARKET LOT 1
EPS (TTM) 0
PRICE/BOOK 0.921922821836273
DIV YIELD.(%) 0
FACE VALUE (RS) 10
DELIVERABLES (%)
4

News & Announcements

14-Nov-2021

P.M. Telelinnks reports standalone net profit of Rs 0.05 crore in the September 2021 quarter

09-Nov-2021

P.M. Telelinnks to convene board meeting

13-Sep-2021

P.M. Telelinnks to hold AGM

08-Sep-2021

P.M. Telelinnks Ltd - Reg. 34 (1) Annual Report

09-Nov-2021

P.M. Telelinnks to convene board meeting

13-Sep-2021

P.M. Telelinnks to hold AGM

04-Aug-2021

P.M. Telelinnks announces board meeting date

21-Jun-2021

P.M. Telelinnks to conduct board meeting

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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Gujarat Bonanza Auto & Steel Rolling Ltd 523996
Gujarat Intrux Ltd 517372
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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
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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
Hisar Metal Industries Ltd 590018 HISARMETAL
Hi-Tech Pipes Ltd 532601 HITECH
Hitek Industries (Bihar) Ltd 513003
Incredible Industries Ltd 538365 INCREDIBLE
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
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Jay Iron & Steel Industries Ltd 513542
Jindal Iron & Steel Company Ltd (Merged) 500107 JINDALIRON
JTL Infra Ltd 534600
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Kamper Concast Ltd 531475 KAMPERCONC
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Majestic Industries Ltd 526857 MAJESTIND
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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
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OCL Iron & Steel Ltd 533008 OISL
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Paramount Steels Ltd 513062
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Pennar Engineered Building Systems Ltd(Merged) 539333 PENPEBS
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Pittsburgh Iron & Steels Ltd 531135
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Powmex Steels Ltd (Merged) 513311 POWMEXSTL
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Prakash Industries Ltd 506022 PRAKASH
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Premier Tubes Ltd 506066
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Rathi Steel & Power Ltd 504903
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Sanghvi Steels Ltd 513077
Sarda Energy & Minerals Ltd 504614 SARDAEN
Sarigam Seamless Pipes Ltd 513607
Sarigam Steels Ltd 513324
Scan Steels Ltd 511672
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Sharda Ispat Ltd 513548
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Shri Bajrang Alliance Ltd 526981
Shri Bhagavati Bright Bars Ltd 530913
Shri Ishar Alloy Steel Ltd 513223 SRISARALOY
Shyam Metalics & Energy Ltd 543299 SHYAMMETL
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
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Super Forgings & Steels Ltd 513277 SUPERFORGE
Supershakti Metaliks Ltd 541701
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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
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Usha Iron & Ferro Metals Corporation Ltd 513464
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Usha Martin Ltd 517146 USHAMART
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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
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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 0 0.00
Total Promoters 4757700 47.22
Total Public & others 5311747 52.72
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 their 41st Annual Report on the business and operations of your company for the financial year ended March 31st, 2021.

Financial Results

The financial performance of the Company for the financial year ended March 31, 2021 is summarized below:

(Rs. In thousands)

Particulars 2020-21 2019-20
Revenue from operations 146,074.67 3,86,045.36
Other Income - -
Total Revenue 146,047.67 3,86,045.36
Total Expenditure 145,222.10 383696.15
Profit/(Loss) before exceptional and extra-ordinary items and taxes 852.57 2349.22
Exceptional Items - -
Tax Expense
Current Tax 214.57 514.49
Deferred Tax 157.12 486.84
Profit/(Loss) after Tax 480.44 1347.88
Earnings per equity shares in Rs. 0.05 0.13

Review of Performance and state of the company's affairs

During the year under review, the overall performance of the Company was reasonable considering to the sector/market conditions. The earnings from operations reduced to Rs. 146,074.67 from the previous year of Rs.3,86,045.36. Simultaneously, profit of the company was reduced to Rs. 480.44/- from the previous year Rs. 1347.88/- due to Covid-19 pandemic.

Dividend

In view of the planned business growth, your Directors deem it proper to preserve the resources of the Company for its activities and therefore, do not propose any dividend for the Financial Year ended 31st March, 2021.

Reserves

There were no transfers to Reserves during the financial year 2020-21.

Share Capital

During the year under review, there has been no change in the Share Capital of the Company.

The Authorised Share Capital of the company is Rs. 12,00,00,000/- (Twelve Crore) divided into 1,20,00,000 equity Shares of Rs. 10./- each.

The Issued, Subscribed and Paid up Capital of the Company as on 31st March, 2021 is Rs. 10,07,50,000 (Ten Crore Seven Lakhs Fifty thousand) divided into 1,07,50,000 Equity Shares of Rs. 10./- 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 Companies Act, 2013 read with Rule 4(4) of the Companies (Share Capital and Debenture) Rules, 2014 is furnished.

Listing

The Securities Exchange Board of India (SEBI), on September 02nd 2015, has issued SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with an aim to consolidate and streamline the provisions of listing agreement for different segments of capital market to ensure better enforceability. The said regulations were effective from December 1st, 2015. Accordingly, all listed entities were required to enter into the Listing Agreement within 6 months from the effective date. The Company entered into listing agreement with the National Stock Exchange limited and BSE Limited.

The Company confirms that it has paid the Annual Listing Fees for the year 2020-21 BSE where the Company's Shares are listed.

Directors & its board meetings:

During the period under review, the board is duly constituted and following changes were took place:

a. Mr. Gulabchand Pukhraj Surana, was appointed as CEO of the company w.e.f 05th September, 2020.

b. Mr. Patlolla Laxmi Kanth Reddy was appointed as Independent Director of the company by shareholders w.e.f 07th March, 2020

c. Mr. Amish Bharat Kadakia was re-appointed as Independent Director of the company by shareholders w.e.f 30th September, 2020

d. Mr. Gulabchand Pukhraj Surana, has been ceased as CEO of the company due his sudden demise on 14th March, 2021.

The following is the composition of the board of Directors of the company as on 31.03.2021:

1. Mr. Ravi Surana Pukhraj - Executive Director

2. Ms. Venkata Surya Sri Lakshmi Malapaka - Non-Executive Director

3. Mr. Kadakia Amish Bharat - Non-Executive Independent Director

4. Mr. Patlolla Laxmi Kanth Reddy - Non-Executive Independent Director

PROPOSED APPOINTMENTS

1. Ms. Venkata Surya Sri Lakshmi Malapaka who was liable to retire by rotation was proposed to be appointed as director of the company in this Annual general meeting of the company.

2. Mr. Ravi Surana Pukhraj as Managing Director and CEO of the company for the period of 5 years

Number of meetings of the board:

The Board has duly met 5 times during the period under review. Meetings were held on 31.07.2020, 05.09.2020 14.09.2020, 04.11.2020, 12.02.2021. The gap between any two Board Meetings is within the period prescribed by the Companies Act, 2013 and Listing Agreement.

Declarations by Independent Directors:

The Company has received declarations form the Independent Director under Section 149(6) of the Companies Act, 2013 confirming their independence vis--vis the Company.

Board evaluation and assessment:

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 members 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 www.pmtele.in.

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:

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

b. such accounting policies have been selected and applied consistently and the Directors 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 as at 31st March, 2021 and of the profit/loss of the Company for that year;

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

d. the annual accounts of the Company have been prepared on a going concern basis;

e. internal financial controls have been laid down to be followed by the Company and that such internal financial controls are adequate and were operating effectively;

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

Constitution and Composition of Committees

The Audit Committee of the company is duly constituted as per section 177 of the companies act, 2013. Composition and Scope of Audit Committee is provided under the Corporate Governance report annexed herewith.

Audit Committee

1. Mr. Kadakia Amish Bharat - Chairman

2. Mr. Patlolla Laxmi Kanth Reddy - Member

3. *Mr. Ravi Surana Pukhraj - Member

*Mr. Ravi Surana Pukhraj was appointed as member of Audit Committee w.e.f 15.04.2021 due to sudden demise of Mr. Gulabchand Pukhraj Surana, on 14th March, 2021 who was member of the above mentioned committee.

COMMITTEES OF THE BOARD:

The Nomination & Remuneration Committee along with Stakeholders Relationship committee is constituted as per the applicable provisions and its composition is as follows:

Nomination & Remuneration Committee cum Compensation Committee

1. Mr. Kadakia Amish Bharat - Chairman

2. Mr. Patlolla Laxmi Kanth Reddy - Member

3. Ms. Malapaka Venkata Surya Lakshmi - Member

Stakeholders Relationship Committee

1. Mr. Kadakia Amish Bharat - Chairman

2. Mr. Patlolla Laxmi Kanth Reddy - Member

3. *Mr. Ravi Surana Pukhraj - Member

*Mr. Ravi Surana Pukhraj was appointed as member of Stakeholders Relationship committee w.e.f 15.04.2021 due to sudden demise of Mr. Gulabchand Pukhraj Surana, on 14th March, 2021 who was member of the above mentioned committee.

Corporate Governance

In pursuance of Regulation 15 to 27 read with Schedule V of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, entered into with the Stock Exchanges, Corporate Governance report shall not be applicable to the company for the financial year ended 31st March, 2021.

However, company on voluntarily basis enclosing herewith a separate Report on Corporate Governance along with a certificate from a Practicing Company Secretary regarding its compliance as Annexure III and forms part of this Report. Your company will continue to adhere in letter and spirit to good corporate governance policies.

Management Discussion & Analysis

The Management Discussion and Analysis Report highlighting the industry structure and developments, opportunities and threats, future outlook, risks and concerns etc. is annexed as Annexure V

Statutory Auditors

M/s. Gupta Raj & Co. Chartered Accountant, Mumbai (Firm Registration No. 001687N) were appointed as Statutory Auditors of the Company, for a term of 5 (Five) consecutive years, at the 39th Annual General Meeting held on 30th September, 2019 to hold the office at P.M. Telelinnks Limited till the conclusion of 44th Annual General Meeting of the Company. They have confirmed that they are not disqualified from continuing as Auditors of the Company.

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

Details in Respect of Fraud reported by Auditors: During the period under review, no fraud reported by Statutory Auditor's of the Company.

Management Replies To Auditors Report:

With reference to observations made in Auditor's Report, the notes to account is self-explanatory and therefore do not call for any further comments.

Cost Audit Report

The provisions of Section 148 of the Companies Act, 2013 does not apply to the Company and hence, no cost auditors are appointed.

Secretarial Audit Report

Pursuant to the provisions of Section 204 read with Section 134(3) of the Companies Act, 2013, the company is required to obtain Secretarial Audit Report from Practicing Company Secretary. Mr. Nagamalla Sricharan, Practising company secretary was appointed as secretarial auditor to issue Secretarial Audit Report for the financial year ended 31st March, 2021.

Secretarial Audit Report issued by Mr. Nagamalla Sricharan, Practising company secretary in Form MR-3 for the financial year 2020-21 forms part to this report as ‘Annexure IV'.

Replies to Secretarial Auditor's Report

S. No Qualification Management response
1 Notice of Board meeting where financial results shall be discussed and also the financial results were not published in the newspaper as per Regulation 47 of SEBI (Listing and Obligations and Disclosure requirements) Regulations, 2015 Due to Covid-19 Pandemic company was unable to give newspaper publication of notice of Board meeting and Financial results
2 Financial Results were submitted in XML formal only and not in PDF format to the stock exchange within 30 minutes of the closure of Board meeting as required under regulation 30 of SEBI (Listing and Obligations and Disclosure requirements) Regulations, 2015 The delay was purely un intentional and due to lack of information and documents within due time. Board will take necessary steps to ensure there is no delay further.
3 Company has not filed Form MGT-14 for appointment of Secretarial auditor and internal auditor during the period under review. Due to Covid-19 pandemic company was unable to file form MGT-14. However, company ensures to file necessary form with Registrar of Companies further.

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 31 March 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 Company has not developed and implemented any Corporate Social Responsibility initiatives as the said provisions shall not applicable to the company.

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.

Whistle Blower Policy/Vigil Mechanism

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.in.

Secretarial Standards

The Company has complied with all the applicable secretarial standards for the financial year 2020-21.

Prevention of Insider Trading

The Company has adopted a Code of Conduct for Prevention of Insider Trading with a view to regulate trading in securities by the Directors and designated employees of the Company. The Code requires pre-clearance for dealing in the Company's shares and prohibits the purchase or sale of Company shares by the Directors and the designated employees while in possession of unpublished price sensitive information in relation to the Company and during the period when the Trading Window is closed.

Members of the Board have confirmed compliance with the Code.

Risk Management Policy

Your Company has put in place a risk management policy based on globally recognized standards which 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. Boards of Directors decide the policies to ensure the protection of company from any type of risks.

Policy on Sexual Harassment

The Company has adopted policy on Prevention of Sexual Harassment of Women at Workplace in accordance with The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy.

During the financial year ended 31st March, 2021, the Company has not received any complaints pertaining to Sexual Harassment.

Particulars of Contracts or arrangements with related parties

All the related party transactions that were entered during the financial years were 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.

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 1 to this report.

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.

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

Public Deposits

Your Company has not accepted any deposits from the public. As such, there was no principal or interest outstanding on the date of the Balance Sheet.

Particulars of Employees

A table containing the particulars in accordance with the provisions of Section 197(12) of the Act, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is appended as ‘Annexure 2' to this Report.

In terms of Section 136 of the Companies Act, 2013 the same is open for inspection at the Registered Office of the Company.

Copies of this statement may be obtained by the members by writing to the Company Secretary at the Registered Office of the Company.

The ratio of the remuneration of each Director to the median employee's remuneration and other details in terms of Section 197(12) of the Companies Act, 2013 read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, are enclosed in Annexure II and forms part of this Report.

Details of Subsidiary, Joint Venture or Associate Companies

The Company does not have any Subsidiary, Joint Venture or an Associate Company as on 31.03.2021.

Annual Return

The Ministry of Corporate Affairs vide Companies (Amendment) Act, 2017 effective from 28th August, 2020, has dispensed the requirement to attach extract of Annual Return in form MGT-9 to the Board's report, provided every Company shall place a copy of Annual return on the website of the Company, if any and disclose the web-link of such Annual return in the Board's report.

The copy of Annual Return in Form MGT-7 as on March 31, 2021 is available on the Company's website and can be accessed at the given web-link https://www.pmtele.in/annual-reports.html.

Particulars of Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo

Conservation of Energy which is not furnished as the relative rule is not applicable to your company.

There is no information to be furnished regarding Technology Absorption as your company has not undertaken any research and development activity in any manufacturing activity nor any specific technology is obtained from any external sources which needs to be absorbed or adapted.

Foreign Exchange Earnings and Outgo

There were no foreign earnings and outgo during the financial year.

Internal Audit & Controls

The Company has adequate Internal Financial Controls consistent with the nature of business and size of the operations, to effectively provide for safety of its assets, reliability of financial transactions with adequate checks and balances, adherence to applicable statues, accounting policies, approval procedures and to ensure optimum use of available resources. These systems are reviewed and improved on a regular basis. It has a comprehensive budgetary control system to monitor revenue and expenditure against approved budget on an ongoing basis.

Internal Financial Control Systems

The Company has adequate Internal Financial Controls consistent with the nature of business and size of the operations, to effectively provide for safety of its assets, reliability of financial transactions with adequate checks and balances, adherence to applicable statues, accounting policies, approval procedures and to ensure optimum use of available resources. These systems are reviewed and improved on a regular basis. It has a comprehensive budgetary control system to monitor revenue and expenditure against approved budget on an ongoing basis.

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

Acknowledgements

Your Directors wish to express their appreciation of the support and co-operation of the Central and the State Government, bankers, financial institutions, business associates, employees, shareholders, customers, suppliers and alliance partners and seeks their continued patronage in future as well.

   

P.M. Telelinnks Ltd Company Background

Incorporation Year1980
Registered Office1-7-241/11/D,S D Road
Secunderabad,Telangana-500003
Telephone91-40-65595929/40176211,Managing Director
Fax91-40-27818967
Company SecretaryPooja Kothari
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
Amish Kadakia BharatIndependent Director2019
Ravi Surana PukhrajWhole Time Director & CFO2019
Malapaka Venkata Surya Sri LakshmiDirector2019
Laxmikanth Reddy PatollaIndependent Director2019
Pooja KothariCompany Secretary2019

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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