Acs technologies Ltd Shares Financial Reports

Acs technologies Ltd Shares

ACS Technologies Limited, in a letter dated May 30, 2024, submits its audited financial results for the quarter and year ended March 31, 2024, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission includes the audited standalone and consolidated financial results and the Statutory Auditor's Report. The company is also filing these results in XBRL format and making them available on its website. The board meeting to approve these results was held on the same day from 11:30 Hrs to 15:30 Hrs. The company's scrip code is 530745. **Standalone Financial Results:** For the quarter ended March 31, 2024, ACS Technologies Limited reported revenue from operations of ₹2800.48 Lakhs, compared to ₹2478.20 Lakhs in the previous quarter (December 31, 2023) and ₹2800.48 Lakhs for the quarter ended March 31, 2023. Total revenue for the quarter was ₹2797.36 Lakhs. Total expenses amounted to ₹2636.79 Lakhs, resulting in a profit before exceptional and extraordinary items and tax of ₹160.56 Lakhs. Profit for the period was ₹228.00 Lakhs, and total comprehensive income was ₹225.69 Lakhs. Earnings Per Share (EPS) were ₹0.37 (basic and diluted). For the year ended March 31, 2024, revenue from operations was ₹8079.51 Lakhs, compared to ₹6883.57 Lakhs in the previous year. Total revenue was ₹8089.27 Lakhs. Total expenses were ₹7736.12 Lakhs, leading to a profit before exceptional and extraordinary items and tax of ₹353.15 Lakhs. Profit for the period was ₹419.90 Lakhs, and total comprehensive income was ₹417.59 Lakhs. EPS were ₹0.73 (basic and diluted). The standalone balance sheet as of March 31, 2024, shows total assets of ₹12,032.18 Lakhs and total equity of ₹9,405.43 Lakhs. **Consolidated Financial Results:** For the quarter ended March 31, 2024, the consolidated revenue from operations was ₹2876.54 Lakhs, compared to ₹2493.18 Lakhs in the previous quarter and ₹2876.54 for the quarter ended March 31, 2023. Total revenue was ₹2873.43 Lakhs. Total expenses were ₹2706.82 Lakhs, resulting in a profit before exceptional and extraordinary items and tax of ₹166.61 Lakhs. Profit for the period was ₹231.75 Lakhs, and total comprehensive income was ₹229.44 Lakhs. Earnings Per Share (EPS) were ₹0.38 (basic and diluted). For the year ended March 31, 2024, the consolidated revenue from operations was ₹8199.40 Lakhs, compared to ₹6944.98 Lakhs in the previous year. Total revenue was ₹8209.16 Lakhs. Total expenses were ₹7847.11 Lakhs, resulting in a profit before exceptional and extraordinary items and tax of ₹362.05 Lakhs. Profit for the period was ₹426.65 Lakhs, and total comprehensive income was ₹421.03 Lakhs. EPS were ₹0.74 (basic and diluted). The consolidated balance sheet as of March 31, 2024, shows total assets of ₹12,090.93 Lakhs and total equity of ₹9,419.95 Lakhs. **Auditor's Reports:** Gorantla & Co., Chartered Accountants, issued independent auditor's reports on both the standalone and consolidated financial results. The reports state that the financial results present a true and fair view in conformity with Indian Accounting Standards and the requirements of Regulation 33 of the Listing Regulations. The auditor's report on the consolidated financial results notes that it includes the results of the subsidiary Iotiq Innovations Private Limited. The report also mentions that the auditor relied on another auditor's report for one subsidiary in the consolidated results, whose financial information reflects total assets of Rs 229.80 lakhs as at March 31,2024 and total revenues of Rs 76.07 lakhs and Rs 119.89 lakhs for the quarter ended and year ended March 31,2024 respectively. Their opinion is not modified in respect of this matter. Ashok Kumar Buddharaju, Chairman and Managing Director, confirmed that the statutory auditors issued an unmodified opinion on the audited financial results for the 4th quarter and financial year ended 31.03.2024. **Other Information:** ACS Technologies Limited is engaged in the IT/ITES business and has no separate reportable segments. Cancellation and allotment of shares are in process, as per the Hon'ble NCLT order.

Acs technologies Ltd Shares

ACS TECHNOLOGIES LIMITED Annual Report 2022-23 Summary: This is the 30th Annual Report for the financial year 2022-23. The Board of Directors consists of Mr. Ashok Kumar Buddharaju (Chairman and Managing Director), Mrs. Anitha Alokam and Mrs. Ramadevi (Non-Executive Directors). Mr. Prabhakara Rao Alokam is the Chief Financial Officer, and Mr. P.V Nagarjuna is the Company Secretary & Compliance Officer. The Annual General Meeting (AGM) will be held on Saturday, 30th September, 2023 at 12:00 PM at the registered office in Hyderabad. The book closure is from 24th September 2023 to 30th September 2023. The registrars and share transfer agents are Skyline Financial Services Pvt. Ltd. The notice outlines the ordinary and special business to be conducted at the AGM, which includes: adopting the audited financial statements for the year ended March 31, 2023; reappointing Mrs. Anitha Alokam as a Director; reappointing M/s. GORANTLA & Co. as Statutory Auditors; appointing Mr. SRINIVASAN NETI and Mr. CHALAGALLA VENKATA SATYANARAYANA MURTHY as Independent Directors for five years; and appointing Shri. Ashok Kumar Buddharaju as Chairman and Managing Director for five years. Notes regarding attending and voting at the meeting are provided, including proxy procedures, inspection of proxies, requirements for corporate representatives, and the use of e-voting. The e-voting period begins on September 27th, 2023 and ends on September 29th, 2023 and the Company has engaged Central Depository Services Limited (CDSL) for e-voting facility. The Board recommends the appointment of Shri. SRINIVASAN NETI and Shri. CHALAGALLA VENKATA SATYANARAYANA MURTHY as independent directors, noting their experience and independence. The board also recommends Shri. Ashok Kumar Buddharaju’s appointment as Chairman and Managing Director and his experience and other directorships are listed. Annexures provide details of the directors seeking re-appointment (Mrs. Anitha Alokam) and the proposed independent directors and their experience. The instructions for shareholders voting electronically are included, detailing the login methods for different types of shareholders. The Directors' Report provides a financial summary and state of the company's affairs, which includes revenue of Rs. 6,883.57 Lakhs from ACS TECHNOLOGIES LIMITED, which has been merged with LN Industries India Limited. The report also discusses core business verticals (IT Infrastructure Management, Software Products and Solutions, Security and Surveillance Solutions, and Smart Technologies), highlighting the company's strengths in each area and its client base which includes military establishments, government organizations, banks, airports and corporate sector. Detailed aspects and industry forecasts related to Security & Surveillance Solutions and Smart Technologies (specifically Home & Office Intelligence) are mentioned. The company markets its Home and Office intelligence products under the branch name “IOTIQ”. Key benefits for India Home Automation Market and Athena Smart Analytics are detailed. The report also details software solutions including the Intelligent Queue Management System, Enterprise Document Management System, Service and Help Ticketing and Resolution System, Digital Content Management System, Learning Management System; and mentions USPs for IOT Solutions and Athena. The Future Outlook section discusses Technology R&D and product/solution segments being targeted for development. The report mentions number of board meetings, details of fraud reported by auditor, and auditor and secretarial auditor appointments. An increase in authorized share capital is noted. Loans taken from directors amounting to Rs.87,46,961/-. Material changes include the scheme of arrangement with ACS TECHNOLOGIES LIMITED and name change of LN Industries India Limited to ACS TECHNOLOGIES LIMITED. Appointed/resigned/vacated directors are listed. Directors' Responsibility Statement confirms adherence to accounting standards and proper record keeping. Exports of Products/Services were $11,59,915 USD and 4,33,470.20 EURO. Conservation of energy and technology absorption are addressed, and foreign exchange earnings and outgo are listed. The report includes the Secretarial Audit Report, which notes the Corporate Insolvency Resolution Process (CIRP) the company was under during the audit period. The report also notes instances where regulations and guidelines were not applicable due to the CIRP. The Corporate Governance Report indicates compliance is not ascertainable, given the CIRP process and states code of conduct. The report discusses Board meetings, Meetings of Independent Directors, Performance Evaluation, and Committees of the Board, and concludes by stating that internal controls are in effect. Finally, the report includes financial statements, auditor's reports, notes on accounting policies, and various annexures related to shareholding, indebtedness, and other financial details. A certificate of non-disqualification of directors is included. The consolidated revenue from operations is Rs. 6,94,497.62 (in Thousands). A brief discussion about Equity is also presented.

Acs technologies Ltd Shares

ACS Technologies Limited 40th Annual Report 2021-22 Summary: **Company Overview:** ACS Technologies Limited, incorporated in 1980, is primarily engaged in the IT and ITES business. The registered office is located in Hyderabad, Telangana. **Board of Directors and Key Personnel:** The board includes Ashok Kumar Buddharaju (Chairman and Managing Director), Anitha Alokam (Whole-Time Director), CVSN Murthy and Srinivasan Neti (Independent Directors), and Bhaskar Kishore Varma (Additional Non-Executive Director). Prabhakara Rao Alokam is the Chief Financial Officer and P.V. Nagarjuna is the Company Secretary. M/s MM Reddy & Co. are the statutory auditors. **Annual General Meeting:** The 40th Annual General Meeting was held on Friday, September 30, 2022, at 12:00 PM at the registered office. Ordinary business included adopting the audited financial statements for the year ended March 31, 2022, reappointing Ashok Kumar Buddharaju as a director retiring by rotation, and reappointing M/s. M.M.Reddy & Co. as statutory auditors. Special business included the regularization of appointment of MR. BHASKARAKISHORE VARMA MANTENA as director of the company. **Financial Performance (Consolidated):** Revenue from operations increased to Rs. 66.79 Cr. in FY 2021-22. Profit After Tax was Rs. 1.14 Cr. EBIDTA increased by Rs.0.67 Cr. The company also advanced an amount of Rs.1.77 Cr.to a company admitted under CIRP by Hon'ble NCLT, Hyderabad. Since no amount out of this advance has been recovered, entire amount has been taken to profit and loss account as expenses, resulting in reduction of Profit to this effect. Key financial figures include (Rs. in Cr.): | Particulars | 31-Mar-22 | 31-Mar-21 | | :-------------------------------- | :-------- | :-------- | | Revenue from operations | 67.11 | 64.79 | | Total Revenue | 67.14 | 64.83 | | Profit before Tax | 1.66 | 2.84 | | Profit for the Year after tax | 1.16 | 2.03 | **Highlights of Company's Performance:** The company achieved a turnover increase of 3.52% over the previous year despite COVID-19 disturbances. **State of Affairs and Business Verticals:** The Company continues in the IT/ITES business. It focuses on IT Infrastructure Management, Software Products and Solutions, Security and Surveillance Solutions, and Smart Technologies. **IT Infrastructure Management:** ACS provides end-to-end optimization of Data Centers, comprehensive IT solutions, and turnkey projects including Network Design & Implementation, Smart Server Solutions, Storage Solutions, security and Infrastructure. They partner with technology leaders such as Dell, HP, CISCO, Juniper, SAP, Microsoft, VMware, Infinova, and Bosch. **Security & Surveillance Solutions:** ACS manages multi-vendor and multi-system based services in Electronic Security, providing state-of-the-art services for Design, Installation, Commissioning and Management of systems including CCTV, Access Control, Fire Detection and Alarm, and Perimeter Protection. Advancements in IP-based security systems and analytics are changing the security landscape. **Business Potential of Security & Surveillance Solutions:** The IP surveillance industry has increased potential due to continuous escalation of crimes and global terrorism. The Indian government is undertaking initiatives to improve security, such as installing CCTV cameras in public places. The Asia-Pacific region is seeing tremendous growth in video surveillance systems. IP-based surveillance systems are considered indispensable in industries and government projects. The market shifts towards IP-based surveillance cameras and the adaptation of technologies like AI, IoT, and smart video analytics. India's surveillance systems market is estimated to be a $2.5 billion industry. ACS is a key player, implementing Safe City Projects for L&T and having a large client base in Defence and Govt Establishments. **Smart Technologies:** ACS markets its Home and Office intelligence products under the brand name “IOTIQ”. The Indian Home Automation Industry will grow with a double-digit CAGR of 15.62% during 2021-2027. ACS is investing in developing Algorithms supporting a deep learning neutral network to access the user's pattern on using appliances. Their vision includes every online service provider, e-commerce website, local services, and utility providers integrated into their system. Key offerings include Voice Controlled systems (Amazon Alexa & Google Home), Appliance Controlled, Temperature Controlled, intrusion detection, energy savings, lock mode, mood controlled, and schedulable actions, and IP camera access. Their system bundles with Athena Smart Analytics Mobile, Desktop and Web Platform. **Software Solutions:** ACS offers custom software application design and development and data analytics expertise. Their software product portfolio includes: ACS IntelliQ (Queue Management), ACS DMS (Document Management), ACS HelpDesk, ACS CMS (Content Management), and ACS LMS (Learning Management). Their IntelliQ software is being used by Apollo Health group. Its Enterprise Document Management System was installed with APEPDCL. **USPs of ACS:** * IOT Solutions: Own products, capability to customize design. * Athena - Integrated Platform: Integration of own and 3rd party sensors, capability to deliver Govt/Large Corporate/Smart City solutions, and a PaaS offering. * IT Infra: 40+ years track record in IT Infra Services. * Security and Surveillance Solutions: System Integrator role. * Software Products: Niche products in SaaS and PaaS model. **Future Outlook - Technology R&D:** ACS plans to set up an R&D division focusing on Industrial IOT (IIOT) and exploring solutions for Construction, Manufacturing, Pharma, Health, and Agriculture. They are also focusing on Sensor and Data Acquisition Systems, and Athena Smart Analytics. **Business Development:** ACS has a predominant revenue footprint in Telangana, Andhra Pradesh, Kerala, Orissa, Maharashtra and Chhattisgarh and aims to expand domestically and internationally. ACS is planning enhancement of sales team, expansion of national and global footprint and in continuous branding and digital awareness campaigns. It has plans of setting up sales offices in major cities in India like Chennai, Bengaluru, Pune, Mumbai, Delhi NCR, Kolkata etc and also in Middle East and APAC regions. It already has partnerships with established companies in Thailand and Naresuan University of Thailand which is promoted by the Royal family of Thailand. **Other Key Points:** * The company's website is www.acstechnologies.co.in where the annual report is published. * There were six Board of Director meetings in FY 2021-22. * No fraud was reported by the auditor. * M/s MM Reddy & Co. are the appointed Statutory Auditors. * The company had outstanding unsecured loans from directors. * The Directors have not recommended any dividend. * Prabhakara Rao Alokam resigned as whole-time director but remains CFO. Bhaskara Kishore Varma Mantena was appointed as an additional director. * The company earned foreign income through exports. * Number of Shareholders: Promoter and Promoter Group: 1,33,75,539. The company plans to focus on high value contracts (multiple orders, each of value 5 to 25 Crore INR), and needs 30-50% rotating cash flow to fund these contracts. This summary captures the core elements of the ACS Technologies Limited 40th Annual Report for 2021-22.

Acs technologies Ltd Shares

ACS Technologies Limited 39th Annual Report Summary (2020-21) **Company Overview:** The report is the 39th annual report of ACS Technologies Limited for the financial year 2020-21. The registered office of the company is located in Hyderabad, Telangana, India. **Board of Directors and Key Personnel:** The board of directors includes Mr. Ashok Kumar Buddharaju (Whole-Time Director & CEO), Mr. A. Prabhakara Rao (Whole-Time Director & CFO), Mr. A. Anitha (Whole-Time Director), and Mr. CVSN Murthy, Mr. IV Sarma, and Mr. Srinivasan Neti as Independent Directors. Ms. Hema Kumari is the Company Secretary and Compliance Officer. **Annual General Meeting:** The 39th Annual General Meeting was scheduled to be held on Tuesday, November 30, 2021, at 12:00 pm at the registered office of the company. The ordinary business to be transacted includes receiving, considering, and adopting the audited financial statements for the year ended March 31, 2021, and the reports of the Board of Directors and Auditors thereon. Another agenda item was to re-appoint M/S. Anitha Alokam (DIN 07309591) as a Director, who was retiring by rotation and offered themself for reappointment. **Financial Performance (Year Ended March 31, 2021):** The following is a summary of the company's financial performance (all figures in Crores INR): * Revenue from operations: ₹64.48 (2021) vs ₹61.49 (2020) * Other Income: ₹0.04 (2021) vs ₹0.09 (2020) * Total Revenue: ₹64.52 (2021) vs ₹61.58 (2020) * Profit before Interest, Depreciation & Tax: ₹6.43 (2021) vs ₹8.54 (2020) * Depreciation: ₹1.54 (2021) vs ₹1.59 (2020) * Financial Charges: ₹2.07 (2021) vs ₹2.16 (2020) * Profit before Tax: ₹2.82 (2021) vs ₹4.79 (2020) * Tax Expenses: ₹0.76 (2021) vs ₹1.07 (2020) * Profit for the Year after Tax: ₹2.02 (2021) vs ₹3.71 (2020) **Highlights of Company's Performance:** * Revenue from Operations increased compared to the last financial year. * Net Profit decreased compared to the previous financial year. This was attributed to the COVID-19 pandemic, impacting service operations. The increase in turnover was mainly from the supplies portion. Margins from supplies are lower than margins from services. Employee costs and administrative expenses were also contributing factors due to lockdowns. * Exports of services increased significantly from $5552.51 USD to $7,48,857 USD. **State of Affairs:** The company is engaged in the IT/ITES business, with no changes in business activity during the year. **Management Discussion and Analysis:** The company is focusing on Artificial Intelligence, Machine Learning, and Robotics. The company is building on its core business verticals of IT Infrastructure Management and Security Solutions. * **Smart Technologies:** The company is progressing in the Smart Technologies business vertical. * **IT Infrastructure Management:** IT Infrastructure Solutions include turnkey projects involving design & implementation of network, smart server solutions, storage solutions, security and infrastructure. The company partners with Dell, HP, CISCO, Juniper, SAP, Microsoft, VMware, Infinova, etc. * **Security & Surveillance Solutions:** Involves physical security and safety systems, such as video surveillance, access control, fire detection and alarm, and public address systems. The Asia-Pacific region is seeing tremendous growth in this market. The Indian video surveillance market is projected to grow at a CAGR of over 10.5 per cent during 2018-24. The global video surveillance market is expected to grow from US$ 45.5 billion in 2020 to US$ 74.6 billion by 2025, at a CAGR of 10.4 per cent. * **Home & Office Intelligence (IOTIQ):** The company markets its home and office intelligence products under the branch name "IOTIQ". The India home automation market size was valued at $1,790.9 million in 2018, and is expected to reach $13,574.1 million by 2026, growing at a CAGR of 29.8% during the forecast period 2019-2026. IOTIQ provides features like voice control, appliance control, temperature control, security with intrusion detection, energy savings and monitoring, lock mode, mood control, scheduling, and IP camera access. It integrates with Athena Smart Analytics. * **Software Solutions:** ACS offers Design and Development of Custom Software Applications with Structured and Object Oriented Analysis. The company offers Big Data and Analytics custom solutions on platforms like Hadoop, R, Kubernetes, and Container Architectures. It offers IV&V services with manual and automated testing. **Other Matters:** * The company's website is www.acstechnologies.co.in, where the annual report is published. * Six board meetings were held during the year. * The auditor's report did not report any fraud. M/s MM Reddy & Co. are appointed Statutory Auditors of the Company till the conclusion of Annual General Meeting for F.Y 2021-2022. * The company has outstanding unsecured loans taken from directors amounting to Rs. 99,55,748 as on March 31, 2021. Unsecured loans were made to IOTIQ Innovations Pvt Ltd (Rs. 71,19,247) and Leadmax Technologies Pvt Ltd (Rs. 23,72,879). * The company earned a Net Profit of Rs. 2,02,01,951 during the current financial year. The Surplus in the Statement of Profit and Loss appearing under Reserves and Surplus was Rs 6,49,28,382 as at March 31st, 2021. * No dividend was recommended for the current financial year. * Mr.Pavuluri Venkata Nagarjuna was appointed as Company Secretary on October 1, 2021. Mr. Venkata Satya Sri Ram Murthy Eranki was appointed Company Secretary from December 20, 2019, and resigned on June 30, 2020. * The company had exports of products/services of $7,48,857 USD and imports of products/services of $5,900 USD. **Auditor's Report:** M/s MM Reddy & Co., Chartered Accountants, provided the independent auditor's report on the standalone financial statements. The report includes opinions on the financial statements, key audit matters, and responsibilities of management and the auditor. The auditors also provided a report on internal financial controls. They have not reported any offense involving any fraud committed against the company by any officer or employee of the Company during the current financial year. **Financial Statements:** The report includes the balance sheet as of March 31, 2021, and the statement of profit and loss for the year ended on that date. It provides details on shareholders' funds, liabilities, assets, revenue, expenses, and other financial information. Also included are the notes to the accounts. **Other Information:** Anitha Alokam is a Director who is seeking reappointment. The director identification number is 07309591 and the date of birth is June 10, 1978. She holds 7,44,003 equity shares in ACS Technologies Limited (10.88% of the paid-up equity share capital of the Company). She is also a Director of BLUENINE TECHNOLOGIES PRIVATE LIMITED.