Board's Report
Sr. No. Name of the Company
Sr. No. Date of Allotment 192 February 26, 2024
No. of Equity Shares
Face Value (in D )
Exercise Price (incl premium)
Total Consideration 12,20,778.00
Physical/ Demat
Country of Incorporation Wholly owned subsidiary/ Subsidiary/Associate
9. Theremin AI Solutions Private Limited*
India India India
Subsidiary Subsidiary
1443
1
846
Demat
10. Analytics Vidhya Educon Private Limited
193
500
1
640
3,20,000.00
Demat
February 26, 2024
11 Qure.ai Technologies Private Limited
Associate
194
1000
1
640
6,40,000.00
Demat
195
3776
1
846
31,94,496
Demat
*The Board of Directors, for the sake of simplification of the group structure, at its meeting held on March 04, 2024, had sought in-principle approval for restructuring of group entities. 2 With effect from May 13, 2023, Fractal Analytics Limited (the ‘Company’) has acquired minority shareholding of Cuddle Artificial Intelligence Private Limited (Cuddle) which resulted in Cuddle being a wholly owned subsidiary of the Company. Following are the step-down subsidiaries of the Company as on March 31, 2024: Sr. No. Name of the Company Country of incorporation Parent Company 1. Fractal Analytics UK Limited United Kingdom Fractal Analytics Inc., USA 2. Fractal Analytics (Canada) Inc. Canada Fractal Private Limited, Singapore 3. Fractal Analytics (Switzerland) GmbH Switzerland Fractal Private Limited, Singapore 4. Fractal Analytics Germany GmbH Germany Fractal Private Limited, Singapore 5. Fractal Analytics Netherland B.V. Amsterdam Fractal Private Limited, Singapore 6. Limited Liability Company “Symphony (Ukraine)” Ukraine Fractal Private Limited, Singapore 7. Fractal Analytics Australia Pty Ltd. Australia, New South Wales (Sydney) Fractal Private Limited, Singapore 8. Fractal Analytics Malaysia SDN BHD Malaysia Fractal Private Limited, Singapore 9. Fractal Analytics (Shanghai) Limited China Fractal Private Limited, Singapore 10. Fractal Analytics Sweden AB Sweden Fractal Private Limited, Singapore 11. Cuddle.ai Inc.# Delaware Cuddle Artificial Intelligence Private Limited 12. Final Mile Consulting LLC Delaware Fractal Analytics Inc., USA 13. Theremin Multi Strategy Fund LLP India Theremin AI Solutions Private Limited 14. **Neal Analytics, LLC# United States of America (Bellevue) Fractal Analytics Inc., USA 15. Senseforth, Inc. United States of America Fractal Analytics Inc., USA 16. Asper.ai Inc United States of America Fractal Analytics Inc., USA 17. Asper.AI Limited United Kingdom. Asper.AI Inc, USA 18. Asper. AI Technologies Private Limited 3 India Asper.AI Inc, USA 19. Fractal Frontiers, Inc United States of America Fractal Alpha Private Limited 20. Eugenie.ai Inc Delaware Fractal Analytics Inc., USA 21. Fractal LLC-FZ Meydan Free zone, UAE Fractal Private Limited, Singapore 22. Fractal Japan KK Japan Fractal Private Limited, Singapore 23. Analytics Vidhya Inc (USA) 4 United States of America Analytics Vidhya Educon Private Limited #The Board of Directors at their meeting held on March 04, 2024, had proposed the merger or demerger of below mentioned entities: 1. Neal Analytics, LLC (‘Neal US’) –Neal Analytics LLC (Neal US) has been merged with Fractal Analytics Inc. (Fractal US), pursuant to filing and approvals from relevant authority in New York and Washington. Effective date of merger: New York – April 9,2024 and Washington – April 29,2024. 2. Cuddle.ai Inc (Delaware) – Board of Cuddle.ai inc. has approved the dissolution on March 31, 2024 and Secretary of State of Delaware have approved it w.e.f. April 24, 2024.
March 27, 2024
196
777
1
846
6,57,342
Demat
197
50
1
846
42,300
Demat
198
50
1
846
42,300
Demat
199
50
1
846
42,300
Demat
200
50
1
846
42,300
Demat
201
25
1
846
21,150
Demat
202
75
1
846
63,450
Demat
203
200
1
846
1,69,200
Demat
March 27, 2024
204
100
1
846
84,600
Demat
205
513
1
846
4,33,998
Demat
206
100
1
846
84,600
Demat
207
25
1
846
21,150
Demat
208
25
1
846
21,150
Demat
209
10
1
846
8,460
Demat
210 211 212
50 50
1 1 1
846 846 640
42,300 42,300
Demat Demat Demat
2250
14,40,000
March 27, 2024
213
1000
1
640
6,40,000
Demat
1,27,935
8,15,85,515.50
Deposits During the financial year under review, your Company had not accepted any deposits pursuant to the provisions of Section 73 and 76 of the Companies Act, 2013 read with applicable rules made thereunder. As the Company had not accepted any deposits, there were no amount remaining unpaid or unclaimed as on March 31, 2024. Particulars of Loans, Guarantees, Security and Investments The particulars of the investments made/ loan given/ security or guarantee provided by your Company to/in its Indian/Foreign subsidiaries forms a part of notes to the financial statements and is a part of the Annual Report. Subsidiaries and Associates and Performance / Financial Position of Subsidiaries/Associates The details of Company’s direct subsidiaries/associates as on March 31, 2024, are as follows:
Sr. No. Name of the Company 1. Fractal Private Limited 2. Fractal Analytics Inc.
Country of Incorporation Wholly owned subsidiary/ Subsidiary/Associate
Singapore
Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned subsidiary Wholly owned Subsidiary
United States of America
3. Final Mile Consultants Private Limited* 4. Eugenie Technologies Private Limited* 5. Senseforth AI Research Private Limited 6. Neal Analytics Services Private Limited*
India India India India India India
7. Fractal Alpha Private Limited
8. Cuddle Artificial Intelligence Private Limited* 2
3. With effect from August 20, 2023, Fractal Analytics Limited has transferred its equity shares in Asper.ai Technologies Private Limited to Asper.ai Inc. (Asper USA) thus Asper.ai Technologies Private Limited will be a wholly owned subsidiary of Asper US. 4. W ith effect from August 08, 2023, Analytics Vidhya Educon Private Limited acquired the stake in Analytics Vidhya Inc (USA) thus Analytics Vidhya Inc will be a wholly owned subsidiary of Analytics Vidhya Educon Private Limited.
82
83
Fractal Analytics Limited | Annual Report 2023-24
Made with FlippingBook - PDF hosting