Board's Report
Annexure A (This annexure forms part of the Board's Report) The details of attendance of each director attending various Board/Independent Director’s/Committee meetings (including attendance in person and through video conference facilities) during the financial year 2023-24 is as follows:
Annexure B (This annexure forms part of the Board's Report)
FORM AOC - 1 Statement containing salient features of the financial statement of subsidiaries/ associate companies/ joint ventures, included in the consolidated financial statements. [Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of The Companies (Accounts) Rules, 2014]
Corporate Social Responsibility & Environmental, Social and Governance Committee$
Sr. No Name of the Director
Independent Director’s*
Audit & Risk Committee ©
Nomination & Remuneration Committee #
Board
No of Meetings held Directors’ Attendance
5
1
4
1
2
(Information in respect of each subsidiary to be presented with amounts in C )
I. Details of subsidiaries: (Direct Subsidiaries)
1. Mr. Rohan Haldea 2. Mr. Shashank Singh 5 3. Mr. Gulu Mirchandani 7
4 2 4
N.A N.A N.A
2
N.A N.A
2
N.A
N. A
(Value in Rupees)
4
1
1
Sr. No.
1
2
3
4
5
6
4. Mr. Pranay Agrawal
4
N.A
N. A
N. A
N. A
Cuddle Artificial Intelligence Private Limited*
Final Mile Consultants Private Limited*
Theremin AI Solutions private Limited*
Eugenie Technologies Private Limited*
Fractal Analytics Inc. 1
Fractal Private Limited
5. Mr. Srikanth Velamakanni 6. Mr. Gavin Patterson 7 Mr. Puneet Bhatia 8 Mr. Vivek Mohan 9 Ms. Karen Ann Terrell 10 Ms. Neelam Dhawan
5 5 4 5 5 4 2
N.A N.A N.A N.A
3 4 4
1
2
Name of the subsidiary The date since when the subsidiary was incorporated The date since when the subsidiary was acquired
N. A
N. A
02-10-2003 26-09-2003
04-07-2016 09-01-2008
27-12-2018
10-10-2020
1
1
N.A N.A N.A N.A
N.A N.A N.A
N.A N.A N.A N.A
1 1
02-10-2003 26-09-2003
04-07-2016 13-05-2023 2
01-03-2008
27-12-2018
10-10-2020
11 Mr. Anurag Sud 6
N.A
1
Financial year ended Reporting currency
31-Mar-24
31-Mar-24
31-Mar-24
31-Mar-24
31-Mar-24
31-Mar-24
* One Independent Directors meeting was held on March 18, 2024. $ One Corporate Social Responsibility & Environmental, Social and Governance Committee was held during the financial year 2023-24. Rest of the business matters were approved by passing the resolutions through circulation, pursuant to the provisions of Companies Act, 2013 read with Secretarial Standards on Meetings of Board of Directors issued by Institute of Company Secretaries of India. # Two Nomination and Remuneration Committee meetings were held during the financial year 2023-24 and all the business matters relating to Nomination and Remuneration Committee were approved by passing resolution through circulation, pursuant to the provisions of Companies Act, 2013 read with Secretarial Standards on Meetings of Board of Directors issued by Institute of Company Secretaries of India. © Four Audit & Risk Committee meetings were held during the financial year 2023-24. 5. Mr. Shashank Singh (DIN: 02826978) resigned from the directorship of the Company with effect from the close of business hours on August 3, 2023. 6. Mr. Anurag Sud (DIN: 09591664) was appointed on the Board of the Company with effect from August 9, 2023. 7. Mr. Gulu Mirchandani has resigned as a director, and Mr. Sasha Mirchandani has been appointed as an additional director w.e.f. April 26, 2024
USD
SGD
INR
INR
INR
INR
Average Rate Closing rate Share Capital
82.7767 83.3363
61.5700 61.8162
- -
- -
- -
- -
8,21,59,330
27,12,987 16,33,60,913 12,93,94,470 (15,72,53,407)
2,19,550 20,23,95,975 16,43,12,137 (21,80,46,176)
10,00,000
Reserves & Surplus
(66,94,54,187)
(3,61,35,433)
Total Assets
12,26,38,63,169 14,74,30,902 2,36,38,772 16,54,67,719 1,17,35,796 3,08,34,921
Total Liabilities
12,85,11,58,025 1,53,23,444 1,75,31,266
9,36,033 2,73,85,997 6,59,70,355
Investments
4,68,52,43,739 90,033,967 17,18,88,21,645 15,55,13,809
-
15,67,74,614
-
31,39,450
Turnover
76,71,338
77,70,352
51,40,438 6,82,67,669
Profit before taxation
(65,31,11,847)
66,73,732 79,52,62,722 1,81,17,265 (2,34,34,455)
62,03,965
Provision for taxation
(31,64,027)
(29,40,032)
-
(3,40,841)
-
(48,049)
Profit after taxation
(65,62,75,874)
37,33,700 79,52,62,722 1,77,76,424 (2,34,34,455)
61,55,917
Proposed Dividend
-
-
-
-
-
-
71.03 3 by Fractal Analytics Private Limited
100% % by Fractal Analytics Private Limited
% of share-holding
100% by Fractal Analytics Private Limited
100% by Fractal Analytics Private Limited
100% by Fractal Analytics Private Limited
100% by Fractal Analytics Private Limited
* The Board of Directors, for the sake of simplification of the group structure, at its meeting held on March 04, 2024 has considered and approved the consolidation of below mentioned group entities with that of Senseforth AI Research Private Limited by way of Statutory merger:
1. Final Mile Consultants Private Limited (‘FM India’) 2. Neal Analytics Services Private Limited (‘Neal India’) 3. Cuddle Artificial Intelligence Private Limited (‘Cuddle India’)
4. Theremin AI Solutions Private Limited 5. Eugenie Technologies Private Limited
90
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Fractal Analytics Limited | Annual Report 2023-24
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