Annual Report: 2024
Silverline Technologies Limited Annual Report Summary:
Submission of Revised Annual Report: Silverline Technologies Limited submitted a revised annual report for the financial year 2023-2024 to the BSE Limited due to a minor typographical error in the Corporate Information Page and Director's Report. The company already submitted the Annual Report for the Financial Year 2023-2024 and states that there is no change in the Annual Report other than Corporate Information Page and Director's Report. The revised Annual Report is available on the RTA's and Company's website: www.silverlinetechnology.com.
Corporate Information:
Notice of 32nd Annual General Meeting (AGM): The 32nd AGM of Silverline Technologies Limited will be held on Thursday, September 26, 2024, at 03:00 p.m. via Video Conferencing (VC)/ Other Audio-Visual Means (OAVM).
Ordinary Business:
Special Business:
10/- (Rupees Ten only) per equity share (at price arrived on basis of valuation report), aggregating up to 98,00,00,000/- (Rupees Ninety Eight Crore only), and upon such terms and conditions as may be deemed appropriate by the Board in accordance with the relevant provisions of SEBI ICDR Regulations, or other applicable laws in this regard. The relevant date for determining the floor price of Equity Shares is set as Tuesday, August 27, 2024.The Equity Shares to be allotted shall be locked in for such period as specified in the provisions of Chapter V of the SEBI ICDR Regulations.Proposed Allottees for Preferential Issue:
Appointment of Directors:
Other Resolutions:
500 crore/- (Rupees Five Hundred Crore Only) by way of fund based facilities and 500 Crores (Five Hundred Crores Only) by way of non-fund-based facilities over and above the aggregate, of the paid-up share capital and free reserves of the Company."Closure of Register of Members and Cut-off Date:
E-Voting and Virtual Meeting Instructions:
Scrutinizer:
Instructions for E-voting and Joining Virtual Meetings:
Explanatory Statements:
Directors' Report:
1.72 Crores and the profit of 1.89 lakhs for year ended March'2024.5,99,85,488 divided into 59,98,54,880 Equity shares having face value of 10 each.Statutory Auditors and Auditors' Report:
Key Managerial Personnel:
Director's Responsibility Statement:
Board Meetings:
Code of Conduct: The Directors and Senior Management Personnel have affirmed compliance with the Code of Conduct applicable to them, for the financial year ended 31 March, 2024.
Particulars of Employees: Information pursuant to Section 197(12) of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, in respect of the employees of the Company are annexed to this report as 'Annexure I'.
The details of Non-compliances: We regret to inform you that there was a delay in reporting the closure of the trading window for the all the quarter ended and We wish to bring to your attention that there was a delay in submitting the Certificate required under Regulation 74(5) of the SEBI, There is no registration of Independent Director of Mr. Tahir Masalawala on the portal of MCA for Independent Directors, Company secretary in Employment and Compliance officer Mrs. Akshita Agarwal tendered resignation and We regret to inform you that the Company did not file its quarterly financial results as required under SEBI for any of the quarters during the financial year 2023-2024, and The Company did not submit the required Annual Disclosure under the SEBI, and The Company did not maintain the minute's book of board & committee meetings, and There was a delay in the filing the outcome to the Stock Exchange of the all Board Meeting held during the financial year 2023-2024 and failed to make proper and timely dissemination of important financial results to the Investors as well as Exchange and the Company has failed to appoint whole time company secretary and The Company has not appointed the Chief Financial Officer as required and The Annual Filing of the Company for previous 3 years has not been done with ROC and The Company did not filed the form INC-22A . As per Regulation 27(2)(a) of SEBI there is some discrepancy/ies in all the Corporate Governance reports filed to the Stock Exchange during the period under review and The Company is SDD Non-Compliant for all the quarter during the financial year 2023-2024 and We have not find any meeting of the Independent director held during the financial year 2023-2024 and their minutes, notices and agenda and The Company has not taken prior approval for AGM extension from the Registrar of Companies (ROC) and The Company has not made any compounding application with the ROC / RD, as required during the year ended 31.03.2024
Secretarial Audit Report: During the period under review, the Company has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc. except: We regret to inform you that there was a delay in reporting the closure of the trading window. The trading window closure was inadvertently not reported within the stipulated timeframe. Also there are the same above details of non-compliances mentioned.
Board's Report Annexures: A report by the management.
Management Discussion and Analysis Report:
3.55 Crores as against profit of 4.21 incurred in in a previous financial year for year ended March'2022.Silverline Technological Limited Financials (In Lakhs):
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