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Lycos Internet Ltd. Sector: It - Software Reporting Date: 29Th November, 2017

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STAKEHOLDERS EMPOWERMENT SERVICES LYCOS INTERNET LTD. www.lycos.com SECTOR: IT - SOFTWARE REPORTING DATE: 29TH NOVEMBER, 2017 Lycos Internet Ltd. NSE Code - LYCOS TABLE 1 - MARKET DATA (STANDALONE) (AS ON 24TH NOVEMBER, 2017) Sector - IT - Software NSE Market Price (`) 5.80 NSE Market Cap. (₹ Cr.) 277.65 Face Value (`) 2.00 Equity (` Cr.) 95.25 Business Group - NA 52 week High/Low (₹) 10.60/5.40 Net worth (₹ Cr.)* 585.16 Year of Incorporation - 1999 TTM P/E (TTM) N.A. Traded Volume (Shares) 17,03,920 TTM P/BV 0.47 Traded Volume (lacs) 98.83 Registered Office - Source - Capitaline, TTM - Trailing Twelve Months, N.A. - Not Applicable, * As on 30th Sept 2017 Floor: 5, Holiday Inn Express & Suites, COMPANY BACKGROUND Road No: 2, Nanakramguda, Lycos Internet Limited (LYCOS) is an India-based service company. The Company is Gachibowli, Hyderabad, engaged in providing digital marketing services, and development of computer Telangana - 500 032 software and services. The Company operates through two segments: Digital Marketing Segment and Software Development Segment. The Company is also a Company Website: global information technology implementation and outsourcing services provider. It www.lycos.com offers digital marketing solutions to businesses, agencies and online publishers around the world. It provides enterprise solution offerings and specializes in enterprise resource planning (ERP) solutions, Microsoft and open source systems development. LYCOS Media is a network of community and social sites. Its products and services include tools for blogging, Web publishing and hosting, online games, e-mail and search. The LYCOS Network of sites and services include Lycos.com, Tripod, Angelfire, HotBot, Gamesville, WhoWhere and LYCOS Mail. LYCOS Life is the Company's consumer products division. Revenue and Profit Performance Quarterly revenue and Profit (₹ CRORE) 150 114.72 117.91 117.89 100 The revenue of the Company decreased from ₹117.89 crores 50 to ₹114.72 crores from quarter ending Sep’16 to quarter -1.23 -0.23 -0.23 ending Sep’17. The Company made a loss of ₹1.23 crores in 0 quarter ending Sep’17 vis-a-vis making a loss of ₹0.23 crores -50 in quarter ending Sep’16. Sep'17 Mar'17 Sep'16 Revenue Profit Source: Moneycontrol Performance vis-à-vis Market 1.50 1.30 TABLE 2- Returns 1.10 1-m 3-m 6-m 12-m Lycos Internet Ltd -3.33% 0.86% -17.14% -35.20% 0.90 Nifty 0.44% 5.71% 8.17% 28.48% 0.70 Nifty IT 3.89% 7.08% 6.98% 13.94% 0.50 Source - Capitaline/NSE Nov 16 Jan 17 Mar 17 May 17 Jul 17 Sep 17 Nov 17 Lycos Internet Ltd NIFTY NIFTY IT Stakeholders’ Education | Corporate Governance Research | Corporate Governance Score | Proxy Advisory 1 | P AGE STAKEHOLDERS EMPOWERMENT SERVICES LYCOS INTERNET LTD. www.lycos.com SECTOR: IT - SOFTWARE REPORTING DATE: 29TH NOVEMBER, 2017 TABLE 3 - FINANCIALS % Change (₹ Cr.) Sep’17 Mar’17 Sep’16 Sep ’17 vs Mar’17 Mar’17 vs Sep’16 Net Worth 585.16 585.26 591.31 -0.02% -1.02% Current Assets 363.69 351.04 354.82 3.60% -1.07% Non-Current Assets 518.29 518.47 518.35 -0.03% 0.02% Total Assets 881.98 869.51 873.18 1.43% -0.42% Investments 508.98 508.98 509.03 0.00% -0.01% Finance Cost 3.39 3.47 4.09 -2.31% -15.16% Long Term Liabilities 90.48 89.72 92.37 0.85% -2.87% Current Liabilities 206.34 194.52 189.50 6.08% 2.65% Turnover 114.72 117.91 117.89 -2.71% 0.02% Profit After Tax (PAT) -1.23 -0.23 -0.23 N.A. N.A. EPS (₹) -0.03 - - - - Source - Money Contro/Stock exchange filing AUDIT QUALIFICATIONS Audit Qualifications in last 3 years: The Statutory Auditor have not raised any qualification for the last 3 financial years viz. FY 2016-17, FY 2015-16 & FY 2014-15. Response Comment Frequency of Qualifications - Have the auditors made any adverse No - remark in last 3 years? Are the material accounts audited by the Yes The proportion of total assets and turnover as per the consolidated Principal Auditors? accounts of foreign subsidiaries / Joint Ventures, which have not been audited by Statutory Auditors represent significant amount of Do the financial statements include No the total assets and turnover. However, the Auditor has reviewed material unaudited financial statements? the conversions made by the Management. TABLE 4: BOARD PROFILE (AS PER ANNUAL REPORT - FY 2016-17) Regulatory Norms Company % of Independent Directors on the Board 50% 50% % of Promoter Directors on the Board - 33.33% Number of Women Directors on the Board At least 1 1 Classification of Chairman of the Board - Executive Promoter Director Is the post of Chairman and MD/CEO held by the same person? - Yes Average attendance of Directors in the Board meetings (%) - 61.22% Composition of Board: As per Regulation 17(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 "Listing Regulations, 2015", the Company should have at least 50% Independent Directors as the Chairman of the Board is a Promoter Executive Director. The Company has 50% of Independent Directors and hence, it meets the regulatory requirements. Board Diversity: The Company has 6 directors out of which 5 are male and 1 is female. Holding of position of MD/ CEO & Chairman by same person: The Company has appointed Mr. Suresh Kumar Reddy as the Chairman and Managing Director of the Company. Appointment of a single person as the Chairman and Managing Director of the Company is not a good governance practice as this may lead to concentration of power in a single person. Stakeholders’ Education | Corporate Governance Research | Corporate Governance Score | Proxy Advisory 2 | P AGE STAKEHOLDERS EMPOWERMENT SERVICES LYCOS INTERNET LTD. www.lycos.com SECTOR: IT - SOFTWARE REPORTING DATE: 29TH NOVEMBER, 2017 TABLE 5 - FINANCIAL RATIOS % Change Ratios Sep’17 Mar’17 Sep’16 Sep ’17 vs Mar’17 vs Mar’17 Sep’16 Inventory Turnover N.A. N.A. N.A. - - Debtors Turnover 0.51 0.54 0.50 -5.74% 8.20% Fixed asset Turnover 0.22 0.23 0.23 -2.67% -0.01% Ratios Turnover Current Asset Turnover 0.32 0.34 0.33 -6.09% 1.09% Operating Profit Margin 2.42% 4.65% 4.76% -47.86% -2.33% Net Profit Margin -1.07% -0.20% -0.20% N.A. N.A. Return on Assets (ROA) N.A. N.A. N.A. N.A. N.A. Return on Equity (ROE) N.A. N.A. N.A. N.A. N.A. Return Ratios Return on Capital Employed (ROCE) N.A. N.A. N.A. N.A. N.A. Current Ratio 1.76 1.80 1.87 -2.33% -3.62% Quick Ratio 1.76 1.80 1.87 -2.33% -3.62% Cash Ratio 0.67 0.68 0.63 -1.74% 8.97% Ratios Liquidity Working Capital Turnover ratio N.A. N.A. N.A. N.A. N.A. Debt to equity ratio 0.27 0.26 0.26 3.28% -0.52% Ratios Interest Coverage Ratio 0.82 1.58 1.37 -48.07% 15.14% Solvency Market Cap / Sales 2.49 3.07 3.23 -18.86% -5.02% Market Cap/ Net Worth 0.49 0.62 0.64 -21.04% -4.02% Market Cap/PAT N.A. N.A. N.A. N.A. N.A. Market Cap/EBITDA 102.79 66.05 67.91 55.62% -2.75% Trading Ratios Source - Money Control/Stock exchange filing TABLE 6 - TRADING VOLUME % Change Particulars Sep’17 Mar’17 Sep’16 Sep ’17 vs Mar’17 Mar’17 vs Sep’16 Trading Volume (shares) (avg. of 1 qtr) 9,57,862 12,10,249 21,27,663 -20.85% -43.12% Trading Volume (shares) (high in 1 qtr) 99,19,665 85,54,171 95,26,597 15.96% -10.21% Trading Volume (shares) (low in 1 qtr) 1,82,681 1,76,615 2,67,253 3.43% -33.91% Ratio - High/low trading volume 54.30 48.43 35.65 12.11% 35.87% Ratio - High/average trading volume 10.36 7.07 4.48 46.52% 57.86% Source - Capitaline TABLE 7 (A): OWNERSHIP & MANAGEMENT RISKS Sep-17 Mar-17 Sep-16 Comments Promoter shareholding 39.11 39.11 39.10 • No new equity shares were issued during the st th period from 1 Oct, 2016 to 30 Sep, 2017. Public - Institutional • There was no major change in the promoter 20.21 20.43 20.49 shareholding shareholding during the said period. • No major change was observed in the Public - Others shareholding 40.68 40.46 40.41 shareholding pattern during the said period. Shareholding (%) Non-Promoter Non-Public • The promoters have pledged or encumbered 0.00 0.00 0.00 Shareholding 43.28% of their shareholding. Source - NSE Stakeholders’ Education | Corporate Governance Research | Corporate Governance Score | Proxy Advisory 3 | P AGE STAKEHOLDERS EMPOWERMENT SERVICES LYCOS INTERNET LTD. www.lycos.com SECTOR: IT - SOFTWARE REPORTING DATE: 29TH NOVEMBER, 2017 MAJOR SHAREHOLDERS (AS ON 30TH SEPTEMBER 2017) S. No. Promoters Shareholding S. No. Public Shareholders Shareholding 1 M. Suresh Kumar Reddy 15.77% 1 Everest Capital (M) Ltd. 12.91% 2 Vijay Kumar Kancharla 13.03% 2 Oak India Investments 7.01% 3 Redmond Investments Ltd. 5.20% 3 Uno Metals Ltd. 3.56% 4 S. V. Rajyalaxmi Reddy 1.37% 4 Akg Finvest Ltd. 2.36% 5 Geetha Kancharla 1.37% 5 Priya Prakash 2.12% Source - NSE TABLE 7 (B): OWNERSHIP & MANAGEMENT RISKS The Promoters of the Company bought and sold shares in the secondary market in FY Market Activity of Promoters 2016-17.
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