And Adopted by the Members at the 20Th Annual General Meeting of the Company As Per the Provisions of the Companies Act, 2013

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And Adopted by the Members at the 20Th Annual General Meeting of the Company As Per the Provisions of the Companies Act, 2013 To Date: 07.09.2019 The Manager, Department of Corporate Relations, BSE Limited, PJ Towers, Dalal Street, Fort Mumbai- 400001. Dear Sir/Madam, Sub: Annual Report - 2018-19 Scrip Code: BSE: 532521 Pursuant to Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find herewith attached Annual Report of Palred Technologies Limited for the Financial Year 2018-2019 duly approved and adopted by the members at the 20th Annual General Meeting of the Company as per the provisions of the Companies Act, 2013. This is for the information and records of the exchanges. Yours truly For Palred Technologies Limited zgny Shruti Mangesh Rege Company Secretary PAIRED TECHNOTOGIES TIMITED (FOR ,IERLY KNOWN AS FOUR SOFr LMITED) Cf N No. z L72ZOOAP1 990P1C033 1 3 1 Regd. Office : Ptot No. 2, 8-2-7031218, Road No. 12, Banjara Hilts, Hyderabad ' 500 034. Tete : +91 40 6713 8810 | Website : www.patred.com M/s. Palred Technologies Limited – Annual Report for the year 2018-19 CORPORATE INFORMATION BOARD OF DIRECTORS: Mr. Palem Srikanth Reddy Chairman & Managing Director (DIN: 00025889) Mr. S. VijayaSaradhi Independent Director (DIN: 00141961) Mr. Atul Sharma Independent Director (DIN: 07185499) Mrs. Richa Patnaik Independent Director (DIN: 07274527) Mr. P.Harish Naidu Chief Financial Officer (COAPP1465C) Ms.Shruti Mangesh Rege Company Secretary (ANJPD2148L) REGISTERED OFFICE: Palred Technologies Limited Plot No. 2, 8-2-703/2/B, Road No.12, Banjara Hills, Hyderabad- 500034, Telangana, India. CIN: L72200AP1999PLC033131 STATUTORY AUDITORS: M/s. Walker Chandiok& Co., LLP Chartered Accountants Begumpet, Hyderabad INTERNAL AUDITOR: M/s. Laxminiwas& Co. 402 & 602,Moguls Court, Basheer Bagh, Hyderabad - 500 001 SECRETARIAL AUDITOR: M/s. S.S.Reddy& Associates Practicing Company Secretaries Plot No. 8-2-603/23/3 & 8-2-603/23, 15, 2nd Floor, HSR Summit, Banjara Hills, Road No. 10, Hyderabad, Telangana - 500034 BANKERS: Kotak Mahindra Bank Limited ICICI Bank Limited State Bank of India Citi Bank N.A AUDIT COMMITTEE: Mr.S. VijayaSaradhi Chairman Mr. Atul Sharma Member Mrs. Richa Patnaik Member NOMINATION & REMUNERATION COMMITTEE: Mr.S. VijayaSaradhi Chairman Mr. Atul Sharma Member Mrs. Richa Patnaik Member STAKEHOLDERS RELATIONSHIP COMMITTEE: Mrs. Richa Patnaik Chairman Mr. S. VijayaSaradhi Member Mr. Palem Srikanth Reddy Member RISK MANAGEMENT COMMITTEE: Mr. Palem Srikanth Reddy Chairman Mr. Atul Sharma Member Mr. S. Vijaya Saradhi Member REGISTRAR & SHARE TRANSFER AGENTS: M/s.Karvy Fintech Private Limited Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad – 500032 Phone Number: 040-67162222,040-67161526, Website: www.karvyfintech.com Email- [email protected] LISTED AT: National Stock Exchange of India Limited Bombay Stock Exchange Limited DEMAT ISIN NUMBER IN NSDL& CDSL: INE218G01033 WEBSITE: www.palred.com INVESTOR E-MAIL ID: [email protected] Page | 1 M/s. Palred Technologies Limited – Annual Report for the year 2018-19 Dear Shareholders, I take pleasure in presenting the Twentieth Annual Report of your Company. I use this opportunity to present the financial performance of the Company in the year and what we see for the future. After the sale of business in October 2013, the Company has invested into Palred Electronics Private Limited (PEP) which owns PTron, a Mobile Accessories brand, Palred Retail Private Limited which operates www.LatestOne.com, a mobile accessories focused ecom site and Palred Technology Services Private Limited (PTS), a Company focused on end to end solutions for e-commerce companies. The Company’s main focus this year has been building PTron brand. PTron brand offers a bouquet of mobile accessories products to meet the needs of its consumers. PTron sells products like bluetooth headsets, portable bluetooth speakers, wired headsets, chargers and cables, smart watches, networking products and many more. The strength of PTron is that it has a wide range of products whose quality is backed by warranty, but offers them at competitive prices in the branded accessories category for the mid-market. The Company sells PTron brand through large ecommerce marketplaces like Amazon & Flipkart, through LatestOne. com & PTron.in and also through Physical Distribution / Retail Channels across the Country. LatestOne.com faced many challenges during the year because of high advertisement costs and competition from heavily funded market place business. As a result we had to downsize our in house IT Company and fulfilment services businesses, to focus on building the brand of PTron. As always we will update the stake holders, investors, employees, customers, vendors and also keep them posted about the developments from time to time. Your Company has always been actively contributing to social causes as a part of its Corporate Social Responsibility. On behalf of Management and staff, I would like to thank every shareholder of Palred Technologies Limited, for your continued commitment, support and confidence. We look forward to your continued support and encouragement in future as well. Thank you Palem Srikanth Reddy Chairman & Managing Director Page | 2 M/s. Palred Technologies Limited – Annual Report for the year 2018-19 Notice to 20th Annual General Meeting NOTICE Notice is hereby given that the 20th Annual General Meeting of To consider and, if thought fit, to pass with or without members of M/s. Palred Technologies Limited will be held on modification(s), the following Resolution as a Special Monday, the 30th day of September, 2019 at 9.00 A.M. at the Resolution: Registered Office of the Company at Plot No: 2, H. No: 8-2- “RESOLVED THAT pursuant to the provisions of 703/2/B, Road No: 12, Banjara Hills, Hyderabad Telangana – Sections 149, 152 and any other applicable provisions 500 034 to transact the following business: of the Companies Act, 2013 (“Act”) and the Companies ORDINARY BUSINESS: (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re- 1. To receive, consider and adopt: enactment thereof for the time being in force) read with (a) The Audited Standalone Financial Statements of the Schedule IV to the Act and Regulation 16(1)(b) of the Company for the financial year ended 31st March SEBI (Listing Obligations and Disclosure Requirements) 2019, together with the Reports of the Board of Regulations, 2015, (‘Listing Regulations’) and pursuant Directors and Auditor’s thereon. to recommendation of the Nomination and Remuneration Committee and approval of the Board of Directors, Mr. (b) The Audited Consolidated Financial Statements of Atul Sharma (DIN: 07185499), who was appointed as the Company for the financial year ended 31st March an Independent Director of the Company for a term up 2019, together with the Report of the Auditor’s to 13th May, 2020 and who has submitted a declaration thereon. that he meets the criteria for independence as provided 2. To appoint M/s. MSKA & Associates, as Statutory in the Act and Listing Regulations and who is eligible Auditors and to fix their remuneration and for the for reappointment and in respect of whom the Company purpose to consider and if, thought fit, to pass with has received a notice in writing from a member under or without modification(s), the following Ordinary Section 160 of the Act signifying the intention to propose Resolution thereof. Mr. Atul Sharma as a candidate for the office of Director, be and is hereby re-appointed as an Independent Director “RESOLVED THAT pursuant to the provisions of Section of the Company to hold office for a second term of 5 139, 142 and other applicable provisions, if any, of the (five) consecutive years with effect from 14th May, 2020 Companies Act, 2013 and the Rules framed thereunder to 13th May, 2025 and whose office shall not be liable to (including any statutory modification(s) or re-enactment retire by rotation” thereof, for the time being in force) and provisions of the Securities Exchange Board of India (Listing Obligation “RESOLVED FURTHER THAT Mr. P. Srikanth and Disclosure Requirements) Regulations, 2015 and Reddy, Chairmen & Managing Director of the Company pursuant to recommendation of the Audit Committee, be and is hereby authorised to do all acts, deeds and M/s. MSKA & Associates., Chartered Accountants, things including filings and take steps as may be deemed Hyderabad (Firm Registration No. 105047W), be and is necessary, proper or expedient to give effect to this hereby appointed as Statutory Auditors of the Company Resolution and matters incidental thereto” in place of the retiring auditors M/s. Walker Chandiok 4. RE-APPOINTMENT OF MR S. VIJAYA SARADHI & Co., LLP, Chartered Accountants, to hold office for (DIN: 03089889) AS INDEPENDENT DIRECTOR a term of five years from the conclusion of this Annual OF THE COMPANY: General Meeting till the conclusion of the 25th Annual General Meeting of the Company to be held in the year To consider and, if thought fit, to pass with or without 2024, at such remuneration and other terms as specified modification(s), the following Resolution as a Special in the explanatory statement, approved by the Board of Resolution: Directors of the Company on the recommendation of the “RESOLVED THAT pursuant to the provisions Audit Committee. of Sections 149, 150, 152 and any other applicable “RESOLVED FURTHER THAT Mr. P. Srikanth provisions of the Companies Act, 2013 (“Act”) and the Reddy, Chairmen & Managing Director of the Company Companies (Appointment and Qualification of Directors) be and is hereby authorised to do all acts, deeds and Rules, 2014 (including any statutory modification(s) or things including filings and take steps as may be deemed re-enactment thereof for the time being in force) read with necessary, proper or expedient to give effect to this Schedule IV to the Act and Regulation 16(1)(b) of the Resolution and matters incidental thereto” SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) and pursuant SPECIAL BUSINESS: to recommendation of the Nomination and Remuneration 3.
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