& ObjectOne Information Systems Ltd. To Date:07,09,2020 BSE Limited Floor 25 P J Towers, Dalal Street, Mumbai - 400 001 Dear Sir, Sub: Intimation pursuant to Regulation 34(1) of SEBI (LODR) Regulations, 2015 Ref: Scrip Code - 535657; ISIN No: INE860E01011 Pursuant to Regulation 34 (1) of SEBI, Listing Obligations and Disclosure Requirements, we are submitting herewith the copy of 24% Annual Report of the Company. The 24t" AGM Notice along with Annual Report 2019-20 is being sent through electronic mode to those Members whose e-mail addresses are registered with the Company / Registrars and Share Transfer Agent /Depositories General Circular issued by the Ministry of Corporate Affairs dated May 5, 2020 read with General Circulars dated April 8, 2020 and April 13, 2020 and SEBI Circular dated May 12, 2020. Copies of Notice of 24 AGM and Annual Report 2019-20 are available on the website of the Company at www.objectinfo.com. You are requested to kindly take the same on record. Thanking you, Yours faithfully, For OBJECTONE INFORMATION SYSTEMS LIMITED Managing Directo DIN 00272407 8-3-988/34/7/2, Kamalapuri Colony, Srinagar Colony Main Road, Hyderabad - 500 073. Ph : 040-23757192, 23757193, 66615404 Fax : 040-23753233, E-mail : [email protected], CIN No: L31300TG1996PLC023119 OBJECTONE INFORMATION SYSTEMS LIMITED BOARD OF DIRECTORS Mr. K. Ravi Shankar Managing Director Ms.K. Himabindu Executive Director Mr. B.S.N Kumar Non- Executive Independent Director Ms.E. Kavitha Non-Executive Independent Director Mr.V Jaya Prakash Narayana Non-Executive Independent Director Ms. Ramya Inala Company Secretary & Compliance officer Mr. Ramakrishna Adiraju Chief Financial officer AUDITORS BANKERS M/s. P C N & Associates ICICI Bank Ltd Chartered Accountants, CITI Bank NA Plot No. 12, “N Heights”, Union Bank of India Ground Floor, Software Layout Unit Karur Vysya Bank Ltd Cyberabad, Hyderabad - 500 081. Andhra Bank REGISTERED OFFICE SHARE TRANSFER AGENTS 8-3-988/34/7/2/1 &2 M/s. Aarthi Consultants Private Limited Kamalapuri Colony, 1-2-285, Domalguda, Srinagar Colony Road HYDERABAD - 500 029 Hyderabad – 500 073 Tel Nos: 23757192, 23757193 Fax No: 23753323 Content Page No. Notice 01 Director’s Report 14 Management Discussion & Analysis Report 23 Corporate Governance Report 25 CEO & CFO Certificate 32 Auditors Certificate on Corporate Governance 41 Auditor’s Report 42 Balance Sheet 50 Statement of Profit & Loss 51 Cash Flow Statement 52 Notes on Accounts 65 Consolidated Financial Statements 76 Financial Statement of Stiaos Technologies Inc 109 NOTICE OF 24th ANNUAL GENERAL MEETING NOTICE is hereby given that the Twenty Fourth Annual General Meeting of ObjectOne Information Systems Limited will be held on Wednesday, the 30th day of September, 2020, at 03.00 P.M through Video Conferencing (“VC”)/ other Audio Visual Means (“ÖAVM”) to transact the following business: ORDINARY BUSINESS 1. To receive, consider and adopt the audited standalone and consolidated financial statements of the company for the financial year ended March 31, 2020, the reports of the Board of Directors and Auditors thereon; 2. To re-appoint Mrs. Himabindu Kantamneni (DIN: 00497060), Director who retires by rotation and who being eligible, offers herself for reappointment as an Executive Director. SPECIAL BUSINESS 3. To approve the Reappointment of Mr. Ravi Shankar Kantamneni (DIN 00272407) as Managing Director of the Company and fix remuneration payable and in this regard consider and if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution: “RESOLVED THAT pursuant to the provisions of Sections 196, 197, 198, 203 read with Schedule V and rules made thereunder and any other applicable provisions, if any, of the Companies Act, 2013, and Regulation 17(6)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including any statutory modification or reenactments thereof, the provisions of Articles of Association of the Company and subject to statutory approvals, if any, the consent of the members be and is hereby accorded for the re-appointment of Mr. Ravi Shankar Kantamneni (DIN 00272407), as Managing Director of the Company for a period of three years with effect from 1st July 2020 on such remuneration as detailed below with liberty to the Board of Directors of the Company to vary, alter and modify such salary and perquisites so as not to exceed the limits specified in Schedule V of the Companies Act, 2013 or any statutory modifications, or re-enactments thereof, as may be agreed to by the Board of Directors and Mr. K. Ravi Shankar: i) Salary: The Board may, from time to time fix and pay any remuneration to the Managing Director not exceeding Rs. 3,50,000 per month. ii) Accommodation: Accommodation (furnished or otherwise) or house rent allowance in lieu thereof, and house Maintenance expenses, society charges and the like relating thereto on actual basis. iii) Perquisites: Perquisites together with utilities thereof such as gas, electricity, water, furnishing, repairs, servant’s allowance, education allowance for dependent children, entertainment, newspaper and periodicals allowance, medical re-imbursements, leave travel allowance for self and family, club fees, medical insurance and the like in accordance with the rules of the Company or as agreed by the Board of Directors from time to time. iv) Retirement Benefits: Company’s contributions to Provident Fund and Superannuation or Annuity Fund, to the extent these either singly or put together are not taxable under the Income Tax Act, 1961 and Gratuity payable in accordance with the rules of the Company. 1 v) Use of Car and Telephone Provision of the Company owned car and driver for the Company’s business. The perquisite value for the car/driver will be determined as per prevailing Income Tax Rules and telephone at residence (including payments for local calls and long distance official calls) shall not be included in the computation of perquisites for the purpose of calculating the said ceiling. vi) Leave: In accordance with the applicable Policies of the Company from time to time vii) Overall Remuneration: That the total remuneration (i.e. salary, perquisites and allowances) in any one financial year shall not exceed the limits prescribed from time to time under Section 197 read with Schedule V and other applicable provisions of the Companies Act, 2013 as may for the time being, be in force and any amendments thereto. In case of any doubt/discrepancy/ clarification that may arise with respect to payment of remuneration the same shall be determined and decided by the Board of Directors on the recommendation of remuneration committee of directors. Further, within the overall remuneration, the individual components may be changed as desired by Mr. K. Ravi Shankar and accepted by the Nomination and Remuneration Committee. viii) Minimum Remuneration: In the event of loss or inadequacy of profits, in any financial year during the currency of tenure of service, the payment of salary, perquisites and other allowances shall be governed by the limits specified under Schedule V of the Companies Act, 2013 including any statutory modifications or reenactment thereof, as may, for the time being, be in force. RESOLVED FURTHER THAT The Board of Directors be and are hereby authorized to increase, augment, and/or enhance the remuneration to be paid and provided from time to time to Mr. K. Ravi Shankar (DIN: 00272407) in accordance with the provisions of the Companies Act, 2013 and/or any statutory modifications or re-enactment thereof, and/or the guidelines for managerial remuneration issued by the Ministry or the Board or other applicable authority in that behalf as in force and as amended from time to time.” By the order of the Board of Directors For ObjectOne Information Systems Limited Sd/- K Ravi Shankar Place: Hyderabad (DIN 00272407) Date: 05.09.2020 Managing Director 2 Notes 1. In view of the outbreak of the COVID-19 pandemic, and the continuing restriction on movement of persons at several places in the country and pursuant to MCA General Circular Nos.14/2020, 17/2020 and 20/2020 dated April 8, 2020, April 13, 2020 and May 5, 2020, respectively, issued by the Ministry of Corporate Affairs (“MCA Circulars”) and Circular No. SEBI/HO/CFD/ CMD1/CIR /P/2020/79 dated May 12, 2020 issued by the Securities and Exchange Board of India (“SEBI Circular”) and in compliance with the provisions of the Act and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), the 24th (Twenty Fourth) AGM of the Company is being conducted through Video Conference (VC) / Other Audio Visual Means (OAVM), which does not require physical presence of Members at a common venue. In terms with the Secretarial Standards on General Meetings (SS-2) issued by The Institute of Company Secretaries of India, the venue of the the 24th (Twenty Fourth) AGM shall be deemed to be the Registered Office of the Company situated at 8-3-988/34/7/2/1 &2, Kamalapuri Colony, Srinagar Colony Road, Hyderabad – 500 073. 2. Since this AGM is being held pursuant to the MCA circulars through VC/OAVM, physical attendance of Members has been dispensed with and there is no provision for the appointment of proxies. Accordingly, the facility for appointment of proxies by the Members under Section 105 of the Act will not be available for the 24th (Twenty Fourth) AGM and hence the Proxy Form and Attendance Slip are not annexed to this Notice. However, in terms of the provisions of Section 112 and Section 113 of the Act, representatives of the Members such as body corporate can attend the AGM through VC/OAVM and cast their votes through e-voting. 3. Participation of Members through VC /OAVM will be reckoned for the purpose of quorum for the AGM as per section 103 of the Act.