• SMC open account icon Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Home   >  Equity   >  Get Quotes

  • SENSEX Dec 10 2019 12:00
    40,239.88 -247.55 (-0.61%)
  • NIFTY Dec 10 2019 12:00
    11,856.80 -80.70 (-0.68%)
  • SENSEX Dec 10 2019 12:00
    40,239.88 -247.55 (-0.61%)
  • NIFTY Dec 10 2019 12:00
    11,856.80 -80.70 (-0.68%)
  • Nasdaq Dec 11 2019 04:30
    8,616.18 -5.64 (-0.07%)
  • DJIA Dec 11 2019 04:30
    27,881.72 -27.88 (-0.10%)
  • S&P 500 Dec 11 2019 04:30
    3,132.52 -3.44 (-0.11%)
  • Hang Seng Dec 10 2019 02:10
    26,436.62 -58.11 (-0.22%)
  • Crude Oil Dec 10 2019 11:45
    4,192.00 -5.00 (-0.12%)
  • Gold Dec 10 2019 11:45
    37,561.00 -22.00 (-0.06%)
  • Silver Dec 10 2019 11:45
    43,494.00 -8.00 (-0.02%)
  • Copper Dec 10 2019 11:45
    439.40 -0.10 (-0.02%)
  • Pound / Rupee Dec 23 2016 22:30
    93.33 -0.10 (-0.11%)
  • Dollar / Rupee Dec 23 2016 22:30
    70.96 -0.15 (-0.21%)
  • Euro / Rupee Dec 23 2016 22:30
    78.51 -0.30 (-0.38%)
  • Yen / Rupee Dec 23 2016 22:30
    0.65 0.00 (-0.12%)

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

NSE BSE
 

Volume 280564

Prev. Close

Open Price

Bid Price (QTY)

Offer Price (QTY)

 

Today’s High/Low -

52 wk High/Low -

Key Stats

MARKET CAP (RS CR) 5.83
P/E 0
BOOK VALUE (RS) 44.6560126
DIV (%) 0
MARKET LOT 1
EPS (TTM) 0
PRICE/BOOK 0.404200889176567
DIV YIELD.(%) 0
FACE VALUE (RS) 10
DELIVERABLES (%)
4

News & Announcements

17-Nov-2019

N2N Technologies reports standalone nil net profit/loss in the September 2019 quarter

14-Nov-2019

N2N Technologies Ltd - Financial Results For Quarter And Half Year Ended September 30, 2019

08-Nov-2019

N2N Technologies announces board meeting date

06-Nov-2019

N2N Technologies Ltd - Board Meeting Intimation for Considering The Unaudited Financial Results Of The Quarter/Half Year Ended September 30, 2019

08-Nov-2019

N2N Technologies announces board meeting date

10-Sep-2019

N2N Technologies schedules AGM

06-Sep-2019

N2N Technologies to conduct AGM

07-Aug-2019

N2N Technologies to discuss results

Corporate Actions

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

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
3i Infotech Ltd 532628 3IINFOTECH
63 Moons Technologies Ltd 526881 63MOONS
7Seas Entertainment Ltd 540874
8K Miles Software Services Ltd 512161 8KMILES
Abacus Computers Ltd 508987
ABM Knowledgeware Ltd 531161
Accel Ltd 517494
Accelya Solutions India Ltd 532268 ACCELYA
Accentia Technologies Ltd 531897
Ace Software Exports Ltd 531525
Acewin Agriteck Ltd 539570
ACI Infocom Ltd 517356
AcroPetal Technologies Ltd 533330 ACROPETAL
Aditya Birla Minacs IT Services Ltd 532199 PSIDATASYS
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
Amber Fabrics Ltd 536820
Ami Computers (I) Ltd 526805
Apollo Micro Systems Ltd 540879 APOLLO
Aris International Ltd 531677
ASM Technologies Ltd 526433
Athena Global Technologies Ltd 517429
Atishay Ltd 538713
Aurionpro Solutions Ltd 532668 AURIONPRO
AXISCADES Engineering 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
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
Bodhtree Consulting Ltd 539122 BODHTREE
Brightcom Group Ltd 532368 BCG
Brothers Computers & Software (I) Ltd 532000
Cadsys (India) Ltd 535011 CADSYS
California Software Company Ltd 532386 CALSOFT
Cambridge Technology Enterprises Ltd 532801 CTE
Capgemini Technology Services India Ltd 532337 IGS
Capricorn Systems Global Solutions Ltd 512169
Cat Technologies Ltd 531682
Cauvery Software Engineering Systems Ltd 500080 CAUVERSOFT
Ceinsys Tech Ltd 538734
Centerac Technologies Ltd 531621
CES Ltd 512341
CESC Ventures Ltd 542333 CESCVENT
CG-VAK Software & Exports Ltd 531489
Cigniti Technologies Ltd 534758 CIGNITITEC
CLIO Infotech Ltd 530839
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
Cybermate Infotek Ltd 532271
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
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
Frontier Informatics Ltd 531225
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
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
I Power Solutions India Ltd 512405
ID Info Business Services Ltd 511260
IDream Film Infrastructure Company Ltd 504375
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
Intelenet Business Services Ltd 532833
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
Irmac Services India Ltd 40648
IZMO Ltd 532341 IZMO
Jeevan Scientific Technology Ltd 538837
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
L&T Technology Services Ltd 540115 LTTS
Lan Eseda Industries Ltd 523407 LANESEDA
Larsen & Toubro Infotech Ltd 540005 LTI
Lee & Nee Software (Exports) Ltd 517415
Lex Nimble Solutions Ltd 541196
Maars Software International Ltd 531528 MAARSOFTW
Magnum Ltd 530347
Mahaveer Infoway Ltd 539383
Majesco Ltd 539289 MAJESCO
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
Mindtree Ltd 532819 MINDTREE
Moschip Technologies Ltd 532407
MPS Infotecnics Ltd 532411 VISESHINFO
Mudunuru Ltd 538743
MYM Technologies Ltd 531843
Net 4 India Ltd 532912 NET4
Netlink Solutions (India) Ltd 509040
Netripples Software Ltd 542117
Netvision Web Technologies Ltd 532010
New Markets Advisory Ltd 508867
Newgen Software Technologies Ltd 540900 NEWGEN
Nexus Software Ltd 517540
Nexxoft Infotel Limited 532045
Nihar Info Global Ltd 531083
NIIT Technologies Ltd 532541 NIITTECH
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
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
Pentagon Global Solutions Ltd 532314
Pentasoft Technologies Ltd(merged) 531492 PENTACOMMU
Persistent Systems Ltd 533179 PERSISTENT
PFL Infotech Ltd 531769
Pine Animation Ltd 511421
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
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
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
Scintilla Software Technology Ltd 530729 SCINTSOFT
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
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 SUBEX
Suchinfotech Ltd 40635
Surevin BPO Services Ltd 538447 SUREVIN
Svam Software Ltd 523722
Synfosys Business Solutions Ltd 40631
Take Solutions Ltd 532890 TAKE
Taksheel Solutions Ltd 533639 TAKSHEEL
Tanla Solutions 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
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
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 Soft Solutions Ltd 40633
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 48767 1.51
Total Institutions 0 0.00
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 490432 15.19
Total Promoters 1625980 50.37
Total Public & others 1062890 32.92
Total 3228069 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About N2N Technologies Ltd

Visisth Mercantile Limited engages in the business of trading and financial activities in India. The company is based in Mumbai, India. The company was incorporated in the year 1985.

N2N Technologies Ltd Chairman Speech

N2N Technologies Ltd Company History

Visisth Mercantile Limited engages in the business of trading and financial activities in India. The company is based in Mumbai, India. The company was incorporated in the year 1985.

N2N Technologies Ltd Directors Reports

TO

THE MEMBERS OF

N2N TECHNOLOGIES LIMITED

Your Directors have pleasure to present 32nd Annual Report and Audited Annual Accounts of your company for the year ended on 31st March 2017.

FINANCIAL HIGHLIGHTS:

(Rs. IN LAKHS)

Particulars FY 16-17 FY 15-16
Total Income 21.73 17.83
Total Expenditure 28.56 19.89
Extra-Ordinary Item (286.80) Nil
Profit Before Tax (PBT) (293.63) (2.08)

PERFORMANCE REVIEW & FUTURE OUTLOOK:

During the current year, your Company has booked total income of Rs.21.73 Lakhs and Net Loss of Rs.293.71 Lakhs on standalone basis. The source of income is on account of interest received on Investment/advances.

During the year under review, your Company disposed of its investment in DSR Infotech Limited. Due to deterioration in value of investment held by your company in DSR Infotech Limited, your company booked onetime extraordinary loss of Rs. 286.80 lacs.

Your Directors are confident that the policies, strategies adopted by your company will protect interest of the stakeholders.

DIVIDEND & RESERVES:

In view of the loss, your Directors expresses it inability to declare dividend for the year.

SHARE CAPITAL:

As at March 31, 2017, Your companies total paid up share capital stood at Rs.4,01,31,980/- divided into 32,28,069 fully paid up equity shares of Rs.10/- each and 7,85,129 fully paid up Preference shares of Rs.10/- each. During the year under review, pursuant to the revision of the Scheme of Amalgamation as sanctioned by Honorable High Court of Judicature at Bombay, fresh allotment of 1,61,403 equity shares of Rs.10/- each and 7,85,129 Preference shares of Rs.10/- each to the Shareholders/Debenture holders of Leadsoft Softech Private Limited (Amalgamated company) was made and 13,41,400 equity shares issued previously for the said amalgamation was cancelled.

The new equity shares issued are duly listed on the BSE Ltd.

The Company has not issued any shares with or without differential voting rights. Also company has neither issued employee stock options nor sweats equity shares and does not have any scheme to fund its employees to purchase the shares of the Company.

As on 31st March, 2017, Mr. Rahul Shah, Promoter Director of the Company holds 43.11% equity shares of the Company.

MATERIAL CHANGES AND COMMITMENTS BETWEEN THE DATE OF THE BALANCE SHEET AND THE DATE OF REPORT

There have been no material changes and commitments affecting the financial position of the Company which have occurred between the end of the Financial Year of the Company to which the Financial Statements relate and the date of the report.

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

A. Conservation of Energy and Technology Absorption:

The Company has no particulars to report regarding conservation of energy, technology absorption as required under Section 134(3)(m) of the Companies Act, 2013 read with Rules there under.

B. Foreign exchange earnings and outgo:

Particulars Amt in '
Foreign Exchange earned in terms of actual inflows during the year Nil
Foreign Exchange outgo in terms of actual outflows during the year Nil

CORPORATE SOCIAL RESPONSIBILITY (CSR)

The Company does not have to mandatorily constitute a Corporate Social Responsibility (CSR) Committee in accordance with Section 135 of the Companies Act, 2013. The company fully understands its role in society and is committed for sustainable & inclusive growth of people & the environment around its business.

AMENDMENT TO SCHEME OF ARRANGEMENT - BETWEEN N2N TECHNOLOGIES LIMITED AND LEADSOFT SOFTECH PRIVATE LIMITED

The Scheme of Arrangement for amalgamation of Leadsoft Softech Private Limited was sanctioned by the Honorable High Court, Bombay on October 29, 2013. Pursuant to said Scheme of Arrangement, Company had made allotment of 1341400 equity shares of Rs.10/- to shareholder's / debenture holders of Leadsoft Softech Private Limited.

Post sanction of Scheme of Arrangement, the Listing Application filed with BSE Limited was referred to SEBI. The structure of allotment was revised in terms of SEBI circular dated February 4, 2013, therefore, the Scheme of Arrangement was revised. Your Company moved before the Honorable Bombay High Court for sanction of revised Scheme of Arrangement and by its order dated September 29, 2016, the revised Scheme of Arrangement was sanctioned.

As per revise Scheme of Arrangement, your company allotted 161403 equity shares and 785129 redeemable preference shares of Rs.10/- each and previous allotment of 1341400 equity shares was cancelled.

BOARD AND DIRECTORS EVALUATION AND CRITERIA FOR EVALUATION

During the year, the Board has carried out an annual evaluation of its own performance & performance of the Directors.

Your Company has constituted Nomination and Remuneration Committee, which as per the provisions of Companies Act 2013 has defined the evaluation criteria, procedure and time schedule for the Performance Evaluation process for the Board, its Committees and Directors. The criteria for Board Evaluation inter alia include degree of fulfillment of key responsibilities, Board structure and composition, establishment and delineation of responsibilities to various Committees, effectiveness of Board processes, information and functioning.

Criteria for evaluation of individual Directors include aspects such as attendance and contribution at Board/ Committee Meetings and guidance/ support to the management outside Board/ Committee Meetings. In addition, the Chairman was also evaluated on key aspects of his role, including setting the strategic agenda of the Board, encouraging active engagement by all Board members and motivating and providing guidance to the Management. Criteria for evaluation of the Committees of the Board include degree of fulfillment of key responsibilities, adequacy of Committee composition and effectiveness of meetings. The procedure followed for the performance evaluation of the Board, Committees and Directors is detailed in the Directors' Report.

CRITERIA FOR DETERMINING QUALIFICATIONS, POSITIVE ATTRIBUTES AND INDEPENDENCE OF DIRECTORS:

The Nomination and Remuneration Committee has formulated the criteria for determining qualifications, positive attributes and independence of Directors in terms of provisions of Section 178(3) of the Companies Act 2013.

Independence:

In accordance with the above criteria, a Director will be considered as an ‘Independent Director' if he/ she meet with the criteria for ‘Independent Director' as laid down in the Act.

Qualifications:

A transparent Board nomination process is in place that encourages diversity of thought, experience, knowledge, perspective, age and gender. It is also ensured that the Board has an appropriate blend of functional and industry expertise. While recommending the appointment of a Director, the Nomination and Remuneration Committee considers the manner in which the function and domain expertise of the individual will contribute to the overall skill-domain mix of the Board.

Positive Attributes:

In addition to the duties as prescribed under the Act, the Directors on the Board of the Company are also expected to demonstrate high standards of ethical behavior, strong interpersonal and communication skills and soundness of judgment. Independent Directors are also expected to abide by the ‘Code for Independent Directors' as outlined in Schedule IV to the Act.

REMUNERATION POLICY

The Company has adopted a Policy for remuneration of Directors, Key Managerial Personnel and other employees, which is aligned to its overall Human resource philosophy. The key factors considered in formulating the Policy are as under:

(a) the level and composition of remuneration is reasonable and sufficient to attract, retain and motivate Directors of the quality required to run the Company successfully;

(b) relationship of remuneration to performance is clear and meets appropriate performance benchmarks; and

(c) remuneration to Directors, key managerial personnel and senior management involves a balance between fixed and incentive pay reflecting short and long-term performance objectives appropriate to the working of the Company and its goals.

The key principles governing the Company's Remuneration Policy are as follows:

Remuneration for independent Directors and non-independent non-executive Directors:

• Independent Directors (‘ID') and non-independent non-executive Directors (‘NED') may be paid sitting fees for attending the Meetings of the Board and of Committees of which they may be members, and commission within regulatory limits, as recommended by the Nomination and Remuneration Committee (‘NRC') and approved by the Board.

• Overall remuneration should be reasonable and sufficient to attract, retain and motivate Directors aligned to the requirements of the Company, taking into consideration the challenges faced by the Company and its future growth imperatives. Remuneration paid should be reflective of the size of the Company, complexity of the sector/ industry/ Company's operations and the Company's capacity to pay the remuneration and be consistent with recognized best practices.

• The aggregate commission payable to all the NEDs and IDs will be recommended by the NRC to the Board based on Company performance, profits, return to investors, shareholder value creation and any other significant qualitative parameters as may be decided by the Board. The NRC will recommend to the Board the quantum of commission for each Director based upon the outcome of the evaluation process which is driven by various factors including attendance and time spent in the Board and Committee Meetings, individual contributions at the meetings and contributions made by Directors other than in meetings.

• The remuneration payable to Directors shall be inclusive of any remuneration payable for services rendered in any other capacity, unless the services rendered are of a professional nature and the NRC is of the opinion that the Director possesses requisite qualification for the practice of the profession.

Policy on Remuneration for Managing Director (‘MD') / Executive Directors (‘ED') /

Key Managerial Personnel (‘KMP')/ rest of the Employees:

• The extent of overall remuneration should be sufficient to attract and retain talented and qualified individuals suitable for every role. Hence remuneration should be market competitive, driven by the role played by the individual, reflective of the size of the Company, complexity of the sector/ industry/ Company's operations and the Company's capacity to pay, consistent with recognized best practices and aligned to any regulatory requirements. Basic/ fixed salary is provided to all employees to ensure that there is a steady income in line with their skills and experience.

• In addition, the Company provides employees with certain perquisites, allowances and benefits to enable a certain level of lifestyle and to offer scope for savings. The Company also provides all employees with a social security net subject to limits, by covering medical expenses and hospitalization through re-imbursements or insurance cover and accidental death and dismemberment through personal accident insurance. The Company provides retirement benefits as applicable.

• In addition to the basic/ fixed salary, benefits, perquisites and allowances as provided above, the Company provides MD/ EDs such remuneration by way of commission, calculated with reference to the net profits of the Company in a particular financial year, as may be determined by the Board, subject to the overall ceilings stipulated in Section 197 of the Companies Act, 2013. The specific amount payable to the MD/ EDs would be based on performance as evaluated by the NRC and approved by the Board.

• The Company provides the rest of the employees a performance linked bonus. The performance linked bonus would be driven by the outcome of the performance appraisal process and the performance of the Company.

Presently, no Directors or KMP of the Company is drawing any remuneration from the company.

DIRECTORS' RESPONSIBILITY STATEMENT

The directors report that:

i) In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures.

ii) The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss account of the company for that period.

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

iv) The Directors have prepared the annual accounts on a going concern basis.

v) The Directors, had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively and

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

DECLARATION ON INDEPENDENT DIRECTORS

All the Independent Directors have given declarations that they meet the criteria of independence as laid down under Section 149(6) of the Act. In the opinion of the Board, they fulfill the conditions of independence as specified in the Act and the Rules made there under and are independent of the management.

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

At present, your company does not have any subsidiary or Associates company. During the year, the company sold its entire stake in erstwhile subsidiary company; DSR Infotech limited.

POLICY ON PREVENTION, PROHIBITION AND REDRESSAL OF SEXUAL HARASSMENT AT WORKPLACE

The Company has zero tolerance for sexual harassment and has adopted a Policy on Prevention, Prohibition and Redressal of Sexual Harassment at the Workplace, in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Rules there under. The Company has not received any complaint of sexual harassment during the financial year 2016-17.

VIGIL MECHANISM/ WHISTLE BLOWER POLICY

The Company has adopted a Whistle Blower Policy, to provide a formal mechanism to the Directors and employees to report their concerns about unethical behavior, actual or suspected fraud or violation of the Company's Code of Conduct or ethics policy. The Policy provides for adequate safeguards against victimization of employees who avail of the mechanism. It is affirmed that no personnel of the Company has been denied access to the Audit Committee.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS

No significant material orders have been passed by the Regulators or Courts or Tribunals which would impact the going concern status of the Company and its future operations.

AUDITORS

(1) Statutory Auditors:

M/s. DMKH & Co., Chartered Accountants, Mumbai, are the statutory auditors of the Company and hold office till the conclusion of this 32nd Annual General Meeting (AGM). The Board has recommended appointment of M/s Maheshwari & Co. (FRN: 105834W), Chartered Accountants as the Statutory Auditors of the Company in place of retiring Auditors, for a term of five consecutive years from the conclusion of this 32nd Annual General Meeting of the Company till the conclusion of the 37th Annual General Meeting to be held in the year 2022 for approval of shareholders of the Company. Your Board has obtained Consent and declaration from M/s Maheshwari & Co. confirming as to their eligibility for appointment as Statutory Auditors of the Company.

(2) Secretarial Auditors:

Pursuant to the provisions of Section 204 of the Act and The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board of Directors of the Company

had appointed M/s. Hardik Savla & Co, a Company Secretary in Practice to undertake the Secretarial Audit of the Company for the year ended 31st March, 2017. The Secretarial Audit Report is annexed to this report.

The Auditors' Report for the financial year ended 31st March, 2017 contains following qualification, reservation, adverse remark or disclaimer:

Auditors qualification, reservation, adverse remark or disclaimer Board's comments
As per the remarks in notes to the Standalone Accounts regarding noncompliance of section 203 of Companies act, 2013 and the consequential defaults Considering the activities of the Company and according to requirements of a company, we are searching suitable candidate

The Secretarial Auditors' Report for the financial year ended 31st March, 2017 contains following qualification, reservation, adverse remark or disclaimer:

Secretarial Auditors qualification, reservation, adverse remark or disclaimer Board's comments
Non-compliance of section 203 of Companies Act, 2013 and the consequent defaults As mentioned herein above

LISTING ON STOCK EXCHANGES

The Equity Shares of your Company are listed with BSE Limited. The listing fees for the financial year 2017-2018 has been paid.

CORPORATE GOVERNANCE

The Company is committed to maintain the highest standards of corporate governance and adhere to the corporate governance requirements set out by SEBI. The certain regulations as to corporate governance do not apply to the Company in Accordance with SEBI (LODR) Regulations 2015. Accordingly, no separate section on Corporate governance is annexed.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

The Management Discussion & Analysis Report as required under regulation 34 of the SEBI (LODR) Regulations, 2015 is annexed to this report.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENT UNDER SECTION 186

During the year, the Company has not given any loan or guarantee, or provided security, or has made any investment which would be required to be reported under section 186 of the companies Act 2013. The closing balances of investments which would be covered under Section 186 of the Companies Act, 2013, are disclosed in the Schedule of Non-Current Investments/Loans given in the Financial Statements.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES REFERRED TO IN SUB-SECTION (1) OF SECTION 188 OF THE COMPANIES ACT, 2013

The contracts or arrangements as covered u/s188 of the Companies Act 2013, is provide in Form AOC-2.

THE EXTRACT OF ANNUAL RETURN

Extracts of Annual return in form MGT-9 as per Section 134 (3) (a) of the Companies Act, 2013 read with Rule 8 of Companies Act (Accounts) Rules 2014 and Rule 12 of Companies (Management & Administration) Rules, 2014 is annexed hereto and forms part of this report.

MANAGERIAL REMUNERATION / PARTICULARS OF EMPLOYEES

Your company has not paid any managerial remuneration during the period under review, therefore no Disclosures in the Board Report as required under Rule 5 of Companies (Appointment & Remuneration) Rules, 2014 is provided and further your Company also has not employed any person at a remuneration in excess of the limit set out in the said Rules.

DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMP) :

At the Annual General Meeting of the Company held on December 30, 2016, the Members had approved the appointment of Mr. Nishant Upadhyay, Mr. Akhand Pratap Singh & Ms. Mahalakshmi Dandapani as Independent Directors for a term of five years as per the provisions of Companies Act 2013. Under section 167(1)(b) of the Companies act 2013, Mr. Murtuza ali Soomar, had to vacate his directorship on account of continuous absence from board meetings during 12 months period.

Presently, no one is appointed or designated as key managerial personnel as per the requirements of section 203 of the Companies Act 2013. In accordance with the provisions of Section 152 of the Act and in terms of Articles of Association of the Company, Mr. Rahul Shah retires and is eligible for re-appointment.

BOARD AND COMMITTEE MEETINGS

Nine Board Meetings were convened and held during the year i.e. on May 30, 2016, June 18, 2016, August 13, 2016, September 19, 2016, November 12, 2016, November 25, 2016, February 16, 2017, 14th March 2017 & 28th March 2017. The Board re-constituted the Committees of board after the vacation of Mr. Murtuza directorship, by naming Mr. Nishant Upadhyay, Mr. Akhanda Singh and Ms. Mahalaxmi Dandapani as Members for all committees. There have not been any instances when recommendations of the Audit Committee were not accepted by the Board. The intervening gap between the Meetings was within the period prescribed under the Act.

DETAILS OF DEPOSITS WHICH ARE NOT IN COMPLIANCE WITH THE REQUIREMENTS OF CHAPTER V OF THE COMPANIES ACT, 2013:

Your Company has not accepted any fixed deposits covered under chapter V of the Companies Act, 2013 and, as such, no amount of principal or interest was outstanding on the date of Balance Sheet.

INTERNAL CONTROLS SYSTEMS AND ADEQUACY

The Company's internal audit systems are geared towards ensuring adequate internal controls commensurate with the size and needs of the business, with the objective of efficient conduct of operations through adherence to the Company's policies, identifying areas of improvement, evaluating the reliability of Financial Statements, ensuring compliances with applicable laws and regulations and safeguarding of assets from unauthorized use.

The Audit Committee along with Management oversee results of the internal audit and reviews implementation on a regular basis.

ACKNOWLEDGEM ENT

Your Directors wish to place on record their appreciation for the whole hearted and sincere co-operation the Company has received from its bankers and various Government agencies. Your Directors also wish to thank all the employees for their co-operation.

By Order of the Board of Directors

Rahul Shah Nishant Upadhyay
DIN:01545609 DIN:02128886
Place: Mumbai Director Director
Date: May 30, 2017

   

N2N Technologies Ltd Company Background

Incorporation Year1985
Registered OfficeSun Lounge Ground Floor,One Earth Opp Magarpatta City
Pune,Maharashtra-411028
Telephone91-020-30525201,Managing Director
Fax91-020-30547400
Company Secretary
AuditorMaheshwari & Co
Face Value10
Market Lot1
ListingBSE,
RegistrarUniversal Capital Sec. Pvt Ltd
21 Shakil Niwas,Mahakali Caves Road,Andheri (E),Mumbai - 400 093

N2N Technologies Ltd Company Management

Director NameDirector DesignationYear
Rahul Shah Director 2017
Nishant K Upadhyay Independent Director 2017
Mahalakshmi Dandapani Independent Director 2017
Tushar Shah Independent Director 2017

N2N Technologies Ltd Listing Information

N2N Technologies Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Dividend Rs.0000
Interest Rs.0000
Commission Rs.0000
Shares Speculation NA 0000
Profit on sale of Investment Rs.0000
Fabric Kg 0000

Contact us