Y PAN :AA|CA7834K

TIN :29830592274
AS MAtTHA
partners in wireless rev...
ST :AA|CA7834KSD001
CIN : U321 03KA201 0PTC053440

Referen ce : M G MT/00 03 | AWT | 2OL7 -20L8

NOTICE IS HEREBY GIVEN PURSUANT TO SECTION 96 AND 101 OF THE COMPANIES

ACT, ZO13 (THE 'ACT") THAT THE oth ANNUAL GENERAL MEETING ('THE MEETING" OR
'AGM,,) OF THE SHAREHOLDERS OF ASMATTHA WIRELESS TECHNOLOGIES PRIVATE
LtMtrED ("THE coMpANy ') wtLL BE HELD oN THURSDAv 2BrH DAY oF SEPTEMBER
2OL7 Af 1O.OO AM AT THE REGISTERED OFFICE OF THE COMPANY"

ORDINARY BUSINESS:

1. To receive, consider and adopt:

The audited financial statements of the Company for the financial year ended March

31,2017 , the reports of the Board of Directors and Auditors thereon:

"RESOLVED THAT the audited Balance Sheet as at 31st March 2OL7 and Statement of
Profit and Loss of the Company for the year ended on that date, together with
Director's Report and the Auditor's Report thereon as presented to the meeting be

and are hereby approved and adopted".

2. . Ratification of Appointment of Statutory Auditors of the Company

To consider and, if thought fit, to pass with or without modification(s) the following

resolution as an "@

"RESOLVED THAT pursuant to the provisions of section L39 and all other applicable
provisions, if any, of the Companies Act, 2013 and the Rules made there under, and

such other applicable provisions, as amended from time to time, the members

hereby ratify the appointment of the Statutory Auditors, M/s Aithal Associates,
Chartered Accountants (Firm Registration No" 0079565) as Statutory Auditors of the

Company to hold the office from the conclusion of this Annual General Meeting till

the conclusion of the Annual General Meeting to be held in the year

({
{ -- -"
i-:
l:: \ t:

Asmoitho Wireless Technologies Pvt. Ltd.

#1757110, Chetana Complex, 2nd Floor, 5th Main, 3rd Cross, Magadi Chord Road, Govindarajanagar, Bangalore- 560 040
Tele Fax: +91 80 2350 1507. www.asmaitha.com
 examine and audit the accounts of the Company at such remuneration as may
be

mutually agreed between the Auditors and the Board of Directors of the Company"'

By order of the Board of Directors

FoT ASMAITHA WIRELESS TECHNOLOGIES PRIVATE LIMITED

DATE: ot.l0gl2ol-T
PLACE: Bengaluru CHAIRMA
A VANTAGUDI

NOTES:

t. A member entitled to attend and vote at the annual general meeting is entitled to
appoint a proxy to attend and vote on a poll, instead of herself/himself and the
proxy need not be a member of the company. The instrument appointing a proxy
should, however be deposited at the registered office of the company not less
than 4g (forty eight) hours before the commencement of the meeting' A proxy so
appointed shall not have any right to speak at the meeting. The blank proxy form
under MGT-L1 is enclosed.

2. A person can act as proxy on behalf of members not exceeding fifty and holing in
the aggregate not more than ten percent of the total share capital of the company
carrying voting rights.
provided that a member holding more than ten percent of the total share capital
of the company carrying voting rights may appoint a single person as proxy and
such person shall not act as proxy for any other person or shareholder'

3. Members/proxies should fill in the attendance slip for attending the meeting.
Members are requested to bring their attendance slip'

4. In case of joint holders attending the meeting, only such joint holder who is higher
in the order of names will be entitled to vote.

2
5. Only bona-fide members of the company whose names appear on the register of
members/proxy holders, in possession of valid attendance slips duly filled and
signed will be permitted to attend the meeting. The company reserves its right to
take all steps as may be deemed necessary to restrict non-members from
attending the meeting.

6. Relevant documents referred to in the accompanying Notice are open for

inspection by the Members at the registered office of the Company on all working
days during the working hours of the Company.

By order of the Board of Directors

FoT ASMAITHA WIRELESS TECHNOLOGIES PRIVATE LIMITED

DATE: oL/ogl2oL7
PLACE: Bengaluru CHAIRMAN
MALLI KARJ UN SH IVABASAPP VANTAGUDI
(DrN:
 ROUTE MAP TO THE VENUE OF THE ANNUAL GENERAL MEETING

Annual General Meeting:

28th September,2OLT
10.00 Hours(lST)

Venue:
#L757/LO, 2nd Floor,'Chetana Complex', 5th Main, 3rd Cr
Masadi Chord Road, Govindara , Bangalore - 560040

*i;:r 1,4tt;a:r;:
A,f Dl!r
6,q k^ i:i{.t./tiJ
:itr rst;1

4
 Form No. MGT-11
Proxy form
[Pursuant to section 105(6) of the Componies Act, 2073 and rule 19(3) of the Companies
(Management and Administration) Rules, 2OL4l

Cl N : U32103KA2010PTC053440

Name of the company: ASMAITHA WIRELESS TEC.IINOLOGIES PRIVATE LIMITED

Registered office: #t757 /tO, 2nd Floor, 'Chetana Complex', 5th Main, 3rd Cross, Magadi Chord
Road, Govindarajnagar, Bangalore - 560040

Name of the member (s) :

Registered address :
E-Mail ld:
Folio No/ Client ld:
DP ID:

l/we, beingthe member(s)of Shares of the above named company, hereby appoint

t. Name:
Address:
E-mail ld:
Signature:. or failing him

2. Name:
Address:
E-mail ld:
Signature :.................. ., or failing him

3. Name:
Address:
E-mail ld:
Signature :..................
 as my/our proxy to attend and vote (on a poll) for
me/us and on my/our behalf at the
general meeting of the company' to be held
..............Annua| general meeting/ Extraordinary
on the Thursday, the ........... . at 1O.OO am and at any adjournment thereof in
respect of such resolutions as are indicated below:

,2

3.................

Signed this ............'.day of """"'2Ot7

Signature of shareholder. Affix Revenue

Stamp

Signature of ProxY holder(s)

be duly completed and deposited at

Note: This form of proxy in order to be effective should
before commencement of
the registered office of the company, not less than 48 hours
the meeting.
 S PAN :AA|CA7834K
TIN :29830592274
AS MAtTHA
partners in wireless rev...
ST :AA|CA7834KSD001
CIN : U321 03KA201 0PTC053440

Dear Shareholders,

The Directors present the Annual Report of Asmaitha Wireless Technologies Private Limited along with
the audited financial statements for the financial year ended March 3t,2Ot7 .

Pursuant to the notification dated February 16,2015 issued by the Ministry of Corporate Affairs, the
Company has adopted the Indian Accounting Standards ("lND AS ") notified under the Companies

(lndian Accounting Standards) S Rules, 2015 with effect from April 1, 2016.

1. SUMMARISED FINANCIALHIGHLIGHTS:

(lNR in Lakhs except EPS)

nt Year

Revenue from operations 570.18 610.55

Other lncome 11.86 13.82

Total Expenses 530.72 s12.58

Profit Before Tax 51..32 1,1,1,.79

Tax Expense

o Current Tax 9.78 17.43

o Deferred Tax (0.81) (0.es)

Profit After Tax 42.35 9s.30

EPS

o Basic 5.65 12.71,

Asmoitho Wi reless Technologies Pvt.

#1757110, Chetana Complex, 2nd Floor, 5th lriain, 3rd Cross, Magadi Chord Road, 560 040
Tele Fax: +91 80 2350 1507. www.asmaitha.com
lt\

1
Asmaitha Wireless Tech
il

'i
I

'1

,,\

I
2. BUSINESS PERFORMANCE:

Your Directors are continuously

The net Profit for the year under review has been Rs' 42,35,359/-'

working on different avenues for future growth of the Company'

3. DIVIDEND:

expansion, the Board of Directors does not

considering the capital requirement for ongoing business

recommend any dividend on the equity shares'

4. SHARE CAPITAL:

ThepaidupEquitysharecapitalason3LstMarch,20lTwasRs'75,OO,OOO/-'Thereisnochangein
structure is as below:
capital structure during the year under review. The capital

Share Capital
(i) Authorized CaPital:
Equity Share of INR 10/- each with
voting rights

Directors RePort - FY 20L6-17

 Asmaitha Wireless Technologies Private Limited

(ii) lssued, Subscribed and fully paid

up:

Equity Share of INR 10/- each with

voting rights
7s0000 7s00000 750000 7500000
Series A Preference Share of INR
L00/- each

Redeemable Convertible Preference

Share of INR L0/- each

7s0000 7500000 750000 7500000

Total

Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the

Directors Report - FY 2016-17

 Asmaitha Wireless Te chnolo Private Limited

Shares during the Year

Closing Balance
Total

5. CORPORATE SOCIAL RESPONSIBILITY:

responsibility is
of Section 135 of the Companies Act' 2013 regarding Corporate Social
The provisions

not aPPlicable to our ComPanY'

6. TRANSFER TO GENERAL RESERVE:

any amount to
2017' the Company nas not transferred
For the financial year ended 31st March'

General Reserve Account'

lF ANY:
7. SUBSIDIARY/ JVl ASSOCIATE COMPANY

DetaiIsoftheSubsidiary/Associate/JVenterprisesduringtheyear'
Holding/
Name and address Subsidiary/
of the company

S.TRANSFERoFUNcLA|MEDD|VIDENDTo|NVESToREDUcT|oNANDPRoTECTIoNFUND:

TheprovisionsofSection tzs(z\oftheCompaniesAct,2Ol3donotapplyastherewasnodividend
declared and Paid last Year'

9. MATERIAL CHANGES AND COMMITMENTS:

affecting the financial position of the

company occurreo
No materiar changes and commitments
year to which these financiar statements
relate on the date of this
between the ends of the financiar

report.

10. HUMAN RESOURCES:

Directors Report -FY 2Ot6-17

 Private Limited
Asmaitha Wirele

era bY leveraging Digital

to the evolving needs of the Digital
The Company is responding
scale' quality and experience of our talent acquisition' talent
technologies to enhance the
programs'
engagement and talent development

AND THEIR ADEQUACY:

't 11. INTERNAL CONTROL SYSTEM
t!

TheCompanyhasadequatesystemofinterna|contro|tosafeguardandprotectfromloss,
authorized' recorded
are properly
\
use or disposition of its assets. At the transactions
'j
unauthorized
the appricabre Accounting standards
The company is fotowing at
!l

ii
and reported to the management.

forproper|ymaintainingthebooksofaccountsandreportingfinanciaIstatements.

PERSONNEL:
12. DIRECTORS AND MANAGERIAL
Following directors were on
the board as on 31't March' 20L7:

13. REMUNERATION POLICY:

-
Remuneration Paid to directors

NDRAPPA NOUBADE

D A PA H
E s n w n R RAo
lr----nc cuD

paid to non-executive directors

duri g the year'
No sitting fees or commission

RePort -FY 2016-t7

 Asmaitha Wireless Technologies Private Limited

The Board of Directors duly met four (4)times on 2910612016,29/0912016,241It/20t6,

1.6/O!/2OL7;22/02/2Ot7 during the last financial year. And their attendance is as follows:

S. No, Date of Board meeting No. of Directors present

t 26106/201.6 3

2 2s/os/2016 3

3 24/1.1/201.6 3

4 t6/ot/20t7 2
5 22/02120t7 3

15. COMPANY,S POLICY RELATING TO DIRECTORS APPOINTMENT, PAYMENT OF REMUNERATION AND

DISCHARGE OF THEIR DUTIES:

The provisions of Section 178(1) relating to constitution of Nomination and Remuneration

Committee are not applicable to the Company and hence the Company has not devised any policy

relating to appointment of Directors, payment of Managerial remuneration, Directors qualifications,

positive attributes, independence of Directors and other related matters as provided under Section

173(3) of the Companies Act, 2013.

16. BOARD EVALUATION:

The Board of Directors has carried out an annual evaluation of its own performance and individual

directors pursuant to the provisions of the Act .The performance of the board was evaluated by the

board after seeking inputs from all the directors on the basis of criteria such as the board
composition and structure, effectiveness of board processes, information and functioning, etc.

17. DIRECTORS' RESPONSIBILIW STATEMENT:

pursuant to Section 134(5) of the Act, the board of directors, to the best of their knowledge and

ability, confirm that:

Directors Report - FY 2Ot6-17

 Asrnaitha Wireless Technologies Private Limited

a) in the preparation of the annual accounts, the applicable accounting standards have been

followed and there are no material departures;;

b) they have selected such accounting policies and applied them consistently and made

judgments and estimates that are reasonable and prudent so as to give a true and fair view of the

state of affairs of the Company at the end of the financial year and of the profit of the Company

for that period;;

c) they have taken proper and sufficient care for the maintenance of adequate accounting
records in accordance with the provisions of the Act for safeguarding the assets of the Company

and for preventing and detecting fraud and other irregularities;;

d) they have prepared the annual accounts on a going concern basis;;

e) they have laid down internal financial controls to be followed by the CompanY and such

internalfinancial controls are adequate and operating effectively.

f) they have devised proper systems to ensure compliance with the provisions of all aPPlicable
laws and that such systems are adequate and operating effectively.

Based on the framework of internal financial controls and compliance systems established and
maintained by the Company, the work performed by the Statutory Auditors, including the
audit of
the
internal financial controls over financial reporting and the reviews performed by management

board is of the opinion that the Company's internal financial controls were adequate and effective

during Financial Year 2017.

18. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186

OF THE
coMPANIES ACT, 2013:

particulars of loans given, investments made, guarantees given and securities provided along with
recipients
the purpose for which the loan or guarantee or security is proposed to be utilized by the
are provided in the standalone financial statement.

19. Reply to Auditors' remarks, if any

The observation made in the Auditors' Report are self explanatory and, therefore, do
not call for

any further explanations under section I34 ofthe companies Act, 2013.'

Directors Report -FY 2Ot6-I7

 Asmaitha Wireless Technolo

with reply to
Secretarial Audit is not applicable to our company as such there is no requirement

obseruations made in Secretarial Audit Report'

19. RELATED PARTY TRANSACTIONS:

18S(1) of the Act' The
None of the transactions with related parties fall under the scope of Section

information on transactions with related parties pursuant to Section 134(3Xh) of the Act read with
l" in Form AOC-2 and the
Rule g(2)of the Companies (Accounts) Rules,?014 are given in "Annexure

same form a Part of this report.

20. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS:

There are no significant material orders passed by the Regulators / Courts which would impact the

going concern status of the Company.

21, INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:

nature of its operations'

The Company,s internal controls are commensurate with its size and the

These have been designed to provide reasonable assurance with regard

to recording and providing
statutes, safeguarding
reliable financial and operational information, complying with the applicable

assets from unauthorized use, executing transactions with proper authorization, and ensuring
compliance with corporate policies, The Company has a well-defined delegation
of power with

authority limits for approving revenue as well as expenditure. Processes

for formulating and
Company uses a state-of-
reviewing annual and long-term business plans have been laid down. The
consolidation' and
the-art enterprise resource planning (ERP) system to record data for accounting,
management information purposes and connects to different locations
for efficient exchange of

lt has continued its efforts to align all its processes and controls with global best
information.
practices.

Aithal Associates, the Statutory Auditors of the Company, has audited

the financial statements

included in this annual report and has issued an attestation report on

our internal control over

financial reporting (as defined in section t43 of the companies Act 2013)'

22. STATUTORY AUDITORS:

Directors RePort - FY 2016-17

 Asmaitha Wireless Technologies Private Limited

M/s Aithal Associates (Firm Registration No. OO79565), Chartered Accountants, appointed as

Statutory auditors for a period of 5 years at the Annual General Meeting held on 30th September,
2015, will continue to be auditors of the Company.

They have confirmed their eligibility to the effect that their re-appointment, if made, would be

within the prescribed limits under the Act and that they are not disqualified for re-appointment. The
Notes on financial statement referred to in the Auditors' Report are self-explanatory and do not call

for any further comments. The Auditors' Repdrt does not contain any qualification, reservation,
adverse remark or disclaimer.

23. ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND

OUTGO:

The information on conservation of energy, technology absorption and foreign exchange earnings

and outgo stipulated under Section 13a(3Xm) of the Companies Act, 201-3 read with Rule, 8 of The

Companies (Accounts) Rules, 2014, is annexed herewith as "Annexure 2"

24. EXTRACT OF ANNUAL RETURN:

The details forming part of the extract of the Annual Return in form MGT 9 is annexed herewith as

"Annexure 3".

25. Deposits:

The Company has not accepted any deposits from public and as such, no amount on account of
principal or interest on deposits from public was outstanding as on the date of the balance sheet.

26. RISK MANAGEMENT:

The Company manages monitors and reports on the principal risks and uncertainties that can impact

its ability to achieve its strategic objectives. The Company's management systems, organizational
structure, processes, standards, code of conduct and behaviors together form the Companies
Management System that governs how the Group conducts the businms of the Company and

manages associated risks.

Directors Report - FY 2Ot6-17

 Asmaitha Wireless Technologies Private Limited

The Company does not have any Risk Management Policy as the elements of risk threatening the
Company's existence are very minimal.

27. ACKNOWLEDGEMENTS:

The Directors thank the Company's emploXees, customers, vendors, investors, and academic
partners for their continuous support. The Directors also thank the governments, Banker and
Financial institutes for their co-operation.

Place: Bangalore For and on behalf of the Board of Directors

Date: 1't Sept, 2017

Director

MALLI KARJU N SH IVABASAP VANTAGUDI NAGESHWAR RAO CUDDAPAH

DIN:- 02908052 i DIN:- 02940799

Directors Report - FY 2Ot6-17

 itha Wireless Technolo es Private Limited

Annexure-1
Form No.AOC-2
(pursuant to clouse (h) of sub-section (3) of section 134 of the Act ond Rule 8(2) of the companies

(Accounts) Rules, 2014)

with
Form for disclosure of particulars of contracts/arrangements entered into by the company
Act, 2013 including
related parties referred to in sub-section (1) of section 188 of the companies
has not entered into
certain arms length transactions under third proviso thereto - The Company
any contract/arrangement/transaction with its related parties which
is not in ordinary course of

business or at arm's length during FY 2OI7 '

Details of contracts or arrangements of transactions not at arm's

length basis: NIL
I.
Nature of Duration of Salient terms of Date of Amount
SL Name of the
contract/arr the contract or approva paid as
related partY Tra nsa ctio n
angements/ arrangements or I by the advance
and nature of
Transaction tra nsactions board if if any
relationship
including the any
value, if any:

Directors RePort - FY 20t6-t7

 Asmaitha Wireles s Technol es Private Limited

at arm's length basis'

2. Details of material contracts or arrangements or transaction

Duration of Salient terms Date of

Name of the Nature of
contract/arrang of the contract approval
related PartY Tra nsaction
ements/Transac or by the
and nature of
tion arrangements board if
relationshiP
or transactions any
including the
value, if a
Directors Rs.22,65,54O/-
RAVINDRA
DEVENDRAPPA Remunerati
NOUBADE, on
Director
Rs.22,65,540/-
NAGESHWAR
RAO CUDDAPAH

Place: Bangalore For and on behalf of the Board of Directors

Date: 1't Sept, 2017

\/w
Diredtor Director

NAGESHWAR RAO CUDDAPAH

MALLIKARJUN SHIVABASAPPA VANTAGUDI

DIN:- 02908052 DIN:- 02940799

Directors RePort - FY 2016-t7

 ; Private Limited

ANNEXURE 2

A. CONSERVATION OF ENERGY:
energy saving
The Company has taken adequate steps to conserve energy through non-centralized

electric equiPments. Regular and preventive maintenance of all equipments

is undertaken by the

company.

B, TECHNOLOGY ABSORPTION ADAPTION NruO IiIVOVATION:

The Company continues to adopt and use the latest technologies to improve
the productivity and

quality of its services and products. The Company's operations do not require significant
import of

technology.

C. FOREIGN EXCHANGE EARNING AND OUTGO

(lNR in Lakhs)

420.02 456.97
Earning: Export

Outgo: lmports

Place: Bangalore For and on behalf of the Board of Directors

Date: 1't Sept, 2017

Di Director

MALLIKARJUN SHIVABASAPPA V AGUDI NAGESHWAR RAO CUDDAPAH

DIN:- 02908052 DIN:- 02940799

Directors RePort - FY 20t6-t7

 Asmaitha Wireless Technologies Private Limited

Annexure-3
EXTRACT OF ANNUAL RETURN
as on the financial year ended on 31.03.2017

[Pursuant to section 92(31 of the Companies Act, 2073 and rule 12(1) of the Companies Management
and Administration) Rules, 20141

I. REGISTRATION AND OTHER DETAILS:

(i) CIN: U32103KA2010PTC053440

(ii) RegistrationDate:29/04/20t0

(iii) Name of the Company: ASMAITHA WIRELESS TECHNOLOGIES PRIVATE LIMITED

(iv) Category / Sub-Category of the Company: Company Limited by Shares/ Indian Non-Government
Company.

(v) Address of the Registered office and contact details: 1757, Chetana Complex, 2nd floor, 5th
Main, 3rd Cross, Govindarajnagar Bangalore KA 560040

(vi) Whether listed company : No

(vii) Name, Address and Contact details of Registrar and Transfer Agent, if any: Not Applicable

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY:

All the business activities contributing 1,0% or more of the total turnover of the company shall be stated:

NIC Code of the %o to total turnover

Name and Description of
Sl.No
main products / services
Product/ ofthe
1,- service ComDanv
1. CSWPessional, Scientific and Technical M5 too%

lll. PARTIcULARS OF HOLDtNG, SUBStDIARY AND ASSOCTATE ENTERpRTSES:

Holding/ %of
Name and address Applicable
Sl.No crN/GLN Subsidiary/ shares
of the company Section
Associate held
1. NA
2

Directors Report -FY 201,6-17

 Asmaitha Wireless Technologies Private Limited

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
i) Category-wise Share Holding:

No. of Shares held at the beginning of No. of Shares held at the end of o/o

the year ' the year of

Category o/o
of o/oof Change

Demat Physical Total Total during

of Demat Physical Total Total
Shareholders Shares Shares the Year
(A) Promoters & Others
(1) Indian
(a) IndividuaUHUF 750000 750000 1.00% 750000 750000 LOO%

(b) Central Govt

(c) State Govt (s)

(d) Indian Company

(d) Bodies Corp.

(e) Banks / rt
(f) Any Other...

Sub-Total (A)(1) 750000 750000 toj% 750000 750000 1.00%

Indian
(21 Foreign
(a) NRls -

Individuals

(b) other -
Individuals

(c) Bodies Corp.

(d) Banks / Fl

(e) Any Other...

Sub-Total (A)(2)

Total Shareholding 750000 750000 too% 750000 750000 t00%

of Promoter
(A) = (A) (r) + (A)
l2l

Directors Report - FY 2ot6-t7

 Asmaitha Wireless Technol es Private Limited

No. of Shar.es held at the beginning of No. of Shares held at the end of the %

year of
Category Change
of during
Shareholders the Yea
Public

Shareholding
(1) Institutions
(a) Mutual Funds
(b) Banks/Fl

c) Central Govt

(d) State Govt (s)

(e) Venture
Capitalfunds
(f) Insurance

Capital Funds
(i) Others

Sub-Total (B)(1)

(2) Non-lnstitutions

1a) Bodies Corp

(b) individuals
Individua I

sha re ho lde rs

Directors Report - FY 2Ot6-L7

 es Private Limited

to
Rs. 1. lakh

ii. Individual
shareholders
holding
nominal share
capital in
excess of Rs L
la kh
iii.
(C) Others
(Specify)

ruo- t erat tur(Z,

!otal
Shareholding of
Others
= (B) (1) + (a) (2)

C. Shares held by
custodian for
GDRs & ADRs

Grand Total 750000 750000 too% 750000 750000 100%

(A+B+C)

V' SHARE HOLDING PATTERN (Redeemable Convertible Preference Shares

) RCpS

ii) Catego ry-w ise Sh a re H o Id i ng :

Directors Report - Fy 201,6-17

 Asmaitha Wireless Technologies Private Limited

(g) Individual/HUF

(h) Central Govt

(i) State Govt (s)
(j) Bodies Corp.
(k) Banks / Fl

(l) Any Other...

Sub-Total (A)(1)

(2) Foreign

NRls -

Individ ua ls

(g) other -

Individuals

(h) Bodies Corp,

(i) Banks / Fl

U) Any Other...

Sub-Total(A)(2)
Total Shareholding
of Promoter
(B) = (A) (1) + (A)
(21

No. of Shares held at the end of the %

year of
Category %of %of Change

of Total Total Demat Physical Total Total during

Shareholders Shares Shares the Year
(B)Public

Shareholding
(1)lnstitutions

U) Mutual Funds
(k) Banks/Fl

(l) CentralGovt

Directors Report - FY 201.6-17

 Asmaitha Wireless Technologies Private Limited

(m)State Govt (s)

(n) Venture
Capitalfunds
(o) Insurance
Companies
(p) Fls

q) Foreign Venturt
Capital Funds
(r) Others
(Specify)
Sub-Total(B)(1)

(2)Non-lnstitutions
(c) Bodies Corp

iv. Indian
Company

v. Partnership

Firm

vi. Overseas
(d) individuals
iv. lndividual
shareholders
holding nomina
share capital up
to
Rs. L lakh

v. Individual
shareholders
holding
nominal share
capital in
excess of Rs 1
lakh
vi.
(C) Others
(Specify)

Sub-Total (B)(2)

Total
Shareholdine of

Directors Report - FY 2016-17

-t,,.,,,,.,,,.,. ., ,j i
 Asmaitha wireless Technologies Private Limited

Promoter &
Others
= (B)(1) + (e)(2)

C. Shares held by
custodian for
GDRs & ADRs

Grand Total
(A+B+C)

SHARE HOLDING PATTERN (Series A Preference Share Capital Breakup as percentage of Total Series A
Preference Shares)

iiil Category-wise Share Holding :

No. of Shares held at the beginning of the No. of Shares held at the end ofthe %

year year of

Category %of %of Change

during
of Demat Physical Total Total Demat Physical I rotal Total

Shares Shares the Year

Shareholders

W
(1) Indian

(m) lndividual/HUF | t-t-t-

-
(n) Central Govt

to) State Govt (s)

(p) Bodies Corp.

(q) Banks / Fl
(r) Indian CompanY

(s) Any Other...

Sub-Total (A)(1)

(2)Foreign

(k) NRls -

lndividuals

(l) Other -

Directors RePort -FY 2Ot6-I7

 ' Asmaitha Wireless Techn

No. of Shares held at the end of the year %

of
Change
Category %of
% of Total
during
of Total Demat Physical I total
Shares
the Year
Shareholders Shares

(B) Public Shareholding

(1)lnstitutions

ffi -t-l
(t) ganks/Fl
(u) Central Govt
(v) State Govt (s)

iw) Venture

(x) Insurance
Companies
(v) Fl s

(z) Foreign Ventur€

Capital Funds
(aa)Others
(Specify)
Sub-Total(B)(1)

(2)Non-lnstituti
(e) Bodies CorP

vii. Indian

Directors RePort - tY 2016-t7

 Asmaitha wireless Technologies Private Limited

(f) individuals
vii.lndividual
shareholders
holding nomi
share capital up
to
Rs. L lakh

viii. Individual
shareholders
holding
nominal share
capital in
excess of Rs 1
la kh
tx.
(C)others
Sub-Total (BX2)

Total
Shareholding of
Others
= (B) (1) + (B) (2)

'C. Shares held by

custodian for
GDRs &ADRs

Directors Report -FY 2016-17

 Techno ies Private Limited

(ii) Shareholding of Promoters:*( Equity shares) -

Shareholding at the beginning of %

the year of

%of %of %of Change

Sl.No total Shares during

No. of
Shares the Year
Shares
of the

company encumb
T Mallikarjun S
250000 33.33% 250000 3333%
Vantagudi

2 Nageshwara Rao 250000 33.33% 250000 33.33%

3 Ravindra
125000 1,6.67% 125000 L6.67%
Noubade

Shareholding of Promoters:* ( Redeemable Convertible Prelerence shares) -

(iii) Change in Promoters' Shoreholding (pteose specify, if there is chonges): - No Chdnges

Directors Report - FY 2Ot6-L7

 Asmaitha Wireless Technologies Private Limited

shares of the shares of the

company company

t. At the beginning of the

year

2. Date wise Increase /

Decrease in Promoters
Share holding during the
year specifying the
reasons for increase /
decrease (e.g. allotment /
transfer /
bonus/ sweat equity etc):

3 At the End ofthe year

(iv) Shareholding Pattern of top ten Shoreholders (other than Directors, Promoters dnd Holders of GDRs and
ADRs):

Shareholding at the beginning Cumulative Shareholding during

of the year the year

For Each of the Top 10
Sl.No % of total % of total
Shareholders
No. of shares shares of the No. of shares shares of the

company company

1. Shanthala R Noubade 125000 1,6.67% 12s000 L6.67%

At the beginning of the
vea r
2 Date wise Increase /
Decrease in Promoters
Share holding during the
year specifying the reasons
for increase / decrease
(e.g. allotment / transfer /
bonus/ sweat equity etc):
3 At the End of the year ( or 125000 L6.67% 125000 L6.67%
on the date of separation,
if
Separated during the year)

(v) Shoreholding of Directors and Key Monogerial Personnel: -

Directors Report - FY 20I6-t7

 Asmaitha Wireless Technologies Private Limited

Shareholding at the beginning Cumulative Shareholding

of the Year during the Year

% of total
For Each of the Directors
% of total
shares of
and KMP
No. of shares shares of the No. of shares
the
company
company

At the beginning of the

Date wise Increase /

Decrease in Promoters
Share holding during the
year specifYing the
reasons for increase /
decrease (e.g. allotment /
transfer /
bonus/ sweat equitY etc):
At the End of the Year

(1) TNDEBTEDNESS:

lndebtedness of the Company including interest outstanding/accrued

but not due for payment: Nil

Directors RePort -FY 2ot6-t7

 gies Privelg ry4!9q
Asmaitha Wireless Technolo

Ii)tt't.r.tt due but not Paid

iii) tnterest accrued but not

Total (i+ii+iii)

AND KEY MANAGERIAL PERSONNEL:

(2) REMUNERATION oF DIRECTORS
A.RemunerotiontoManagingDirector,Whote.timeDirectorsond/orMonoger:NlL

SalarV as Per Provisions

contained in section
17(1) of the Income-

Value of Perquisites
u/s 77\2\ Income-tax
Act, 1961
Profits in lieu of salarY
under section l'7(3)
Income-tax Act 1991

Sweat EquitY

Commission
- as % of Profit

Othott, Please sPecifY

Ceiling as Per the Act

ttl

B. Remuneration to other Directors:

Particulars of
Remuneration

Remuneration
3.lndePendent Directors
iir".iott RePort -FY 2o!6-t7
 Asmaitha Wireless Technol ies Private Limited

. Fee for attending

board / committee
meetings
. Commission
. Others, please specify

Total(1) 22,65,540 22,65,54O 45,31,090

4.Other Non-Executive NIL
Directors
. Fee for attending
board / committee
meetings
. Commission
.Others, please specify

Total (2)

Total (B) = (1)+(2)

Total Managerial Remuneration 22,65,540 22,65,54O 45,3t,08O

Overall Ceiling as per the Act

D. Remuneration to other Directors key managerial personnel other thon MD/MANAGER/WTD:NtL

Particulars of Key Managerial Personnel

S.No
Remuneration Total
(a) Salary as per provisions
contained in section 17(1)
of the Income-tax Act,
1961

(b) Value of perquisites u/s

t7(2) Income-tax Act,
1961

(c) in lieu of salary

Profits
under section t7 (3)
Income-tax Act, 1961

2 Stock Option

3 Sweat Equity

Directors Report - FY 2Ot6-17

 Private Limited

Commission
- as % of profit
- others, specify...

Others, please sPecifY

(3) PENALTIEs / puN!!tttvtEruU TgMPoUNDING oF oFFENCES:NlL

Place: Bangalore For and on behalf of the Board of Directors

Date: lst Sept, 2017

D Director

MALLI KARJ U N SH IVABASAPPA ANTAGUDI NAGESHWAR RAO CUDDAPAH

DIN:- 02940799

Directors RePort - FY 2016-17

 PAN :AA|CA7834K
TIN :29830592274
-
AS MAof Un ST : AA|CA7834KSD001
CIN : U321 03KA201 0PTC053440
partnets in wireless rev.'.

SHAREHOLDING AS ON 31ST MARCH 2017

S.No Name of the share holder No of Shares

L Mallikarjun S Vantagudi 250000
2 Nageshwar Rao C 250000
3 Ravindra Noubade 125000
4 Shanthala R Noubade 125000
TOTAL 7s0000

Place: Bangalore For and on behalf of the Board of Directors

Date: 1't Sept, 2017

Director

MALLIKARJUN SHIV NAGESHWAR RAO CUDDAPAH

VANTAGUDI

DIN:- 02908052 DIN:- 02940799

Asmoitha Wireless Technologies Pvt' Ltd.'

Govindarajanagar, Bangalore' 560 040
#1757!lO,Chetana complex, 2nd Floor, 5th Main, 3rd cross, Magadi chord Road,
Tele Fax: +91 80 2350 1507. www.asmaitha.com
 AITHAL ASSOCIATES
CHARTERED ACCOUNTANTS
#7912, "JALADEV", Opp.Jain Temple,3rd Main,3rd Block, Thyagaraja Nagar, Bangalore - 560 028.
Phone : 080 - 26771427,26771428,26768956 Mobile: 94480 71136
Email : csaithals@gmail.com

INDEPENDENT AUDITORS REPORT

To
MEMbETS Of ASMAITHA WIRELESS TECHNOLOGIES PVT LTD
#I7 57 lI0,2nd Floor,'Chetana Complex',
5th Main, 3rd Cross, Magadi Chord Road,
Govindarajnagar, Bangalore - 560040 -

Report on the Financial Statements:

We have audited the accompanying financial statements of Asmaitha Wireless Technologies
private Limited ("the Compffiy"), which comprise the Balance Sheet as at March3l,2017,
and the Statement of profit and Loss & Cash Flow for the year then ended, and
a summary of

significant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements:

The Companies Board of Directors is responsible for the matters in section 134(5) of the
companies Act, 2013( "the Act" ) with respect to the preparation of these financial
statements that give a true and fair view of the financial position and financial
performance of
the Company in accordance with the Accounting principles generally accepted in India
including the Accounting Standards specified under section 133 of the Act, read with Rule 7
of the Companies (Accounts) Rules, 2014. This responsibility also includes the maintenance
of adequate accounting records in accordance with the provision of the Act for safeguarding
.of the assets of the Company and for preventing and detecting the frauds and other
judgement
inegularities; selection and application of appropriate accounting policies; making
andlstimates that ar. ,.uso*ble and prudent; and design, implementation and maintenance
of internal financial control that were operating effectively for ensuring the accuracy and
completeness of the accounting records, relevant to the preparation and presentation
of the
financial statements that give a true and fair view and are free from material misstatement,
whether due to fraud or error.

Auditor's ResponsibilitY
Our responsibility is to express an opinion on these financial statements based on our audit.
We have taken into account the provisions of the Act, the accounting and auditing
standards

and matters which are required to be included in the audit report under the
provisions of the
Act and the Rules made there under'
section
We conducted our audit in accordance with the Standards on Auditing specified under
143(10) of the Act. Those Standards require that we comply with ethical requirements
and

plan and perform the audit to obtain reasonable assurance out whether the financial
statements are free from material misstatement.

and
An audit involves performing procedures to obtain audit evidence a
tor's
disclosures in the financial statements. The procedures selected d
judgment, including the assessment of the risks of material misstate
statements, whether due to fraud or error. In making those risk assessments, the auditor
considers internal financial control relevant to the Company's preparation of the financial
statement that give true and view in order to design audit procedures that are appropriate in
the circumstances, but not for the purpose of expressing an opinion whether the Company has
in place an adequate internal financial controls systems over financial reporting and the
operating effectiveness of such controls. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of the accounting
estimates made by Companies Directors, as well as evaluating the overall presentation of the
financial statements.
"''11:11"'"'
'
Opinion
'
In our opinion and to the best of our inform-
us, the financial statements give the infornt
required and give a true and fair view in confo
accepted in India:

(a) in the case of the Balance Sheet, of the state of affairs of the Company as at March
3r,2017" and

(b) in the case of the Profit and Loss Account, of the profit for the year ended on that
date.

(c) in the case of the Cash Flow Statement, of the cash flow for the year ended on that
date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order, 2016 ("the Order") issued by
the Central Government of India in terms of sub-section I 1 of section 143 of the Act,
we give in the "Annexure-A" a statement on the matters specified in paragraphs 3
and 4 of the Order to the extent applicable.

2. As required by section 143(3) of the Act, we report that:

a. we have obtained all the information and explanations which to the best of our
knowledge and belief were necessary for the purpose of our audit;
b. in our opinion proper books of account as required by law have been kept by the
Company so far as appears from our examination of those books;
c. the Balance Sheet, and Statement of Profit and Loss dealt with by this Report are in
agreement with the books of account;
d. in our opinion, the aforesaid financial statement comply with Accounting Standards
specified under section 133 of the Act, read with Rule 7 of the Companies (Accounts)
Rules,2014.;
e. on the basis of written representations received from the directors as on March 31,
2077, and taken on record by the Board of Directors, ndne of the directors is
disqualified as on March 3l,2OI7,liom being appointed as a director in terms of
section 164(2) of the Act.
 with respect to the adequacy of the intemal financial controls over financial reporting
of the Cbmpany and the operating effectiveness of such controls, refer to oul
separate
report in "Annexure B".

o The Company has provided requisite

statementJ as to the holdings of Specifi
December 30,2016 as well as dealings i
from November 8, 2016 to December 30'
in accordance with the books of accounts maintained by the Company'

FoT AITHAL AS
CHARTERED A NTANTS,

/+'/
s/

Place: Bangalore
Date: 0L09.2017
K CHANDRA
PRIETOR
Membership No. 205102
AR AITHAL B
 'ANNEXURE-A' to the Auditors Report - Asmaitha Wireless Technologies Pvt Ltd
Report under CARO-2016 for the year ended 31't March 2017

t. a). The Company has maintained proper records showing full particulars including
quantitative details and situation of its fixed assets.

b). The management has physically verified all the.assetq during the year. There is no material
discrepancies were noticed on such verification.

2. Inventories - Not Applicable

5 In our opinion and according to the infoniation and explanation given to us the company has
not granted any loans, secured or unsecured to companies, firms or other parties listed in the
Register maintained under Section 1 89 of the Companies Act, 2013 .

4. Provisionof Section 185 & l86withrespecttoLoanflnvestment/Gurantees-NotApplicable

5 In our opinion and according to the information and explanations given to us the Company
has not invited and accepted any deposits from the public. Consequently the directives issued
by the Reserve bank of India and the provisions of Section 73 Io 76 of the Companies Act,
2013 and the rules framed there under are not applicable to the company.

6. Maintenance of cost records - Not Applicable.

1 According to the information and explanation given to us, there are no dues of sales tax,
income tax, customs duty, wealth tax, excise duty and cess, which have not been deposited on
account of any dispute.

8. In our opinion and according to the information and explanations given to us the company has
not defaulted in repayment of dues to a financial institution or bank. The company does not
have debenture holders.

9. The Company has not raised money by way of initial public offer or further public offer.

10. According to the information and explanations given to us, no fraud on or by the company has
been noticed or reporled during the course ofour audit.

ll. According to the information and explanations given to us, managerial remuneration has been
paid or provided in accordance with the requisite approvals mandated by the provisions of
section 197 read with Schedule V to the Companies Act.

t2 The company is not a Nidhi Company, hence paragraph 3(I2) of CARO 2016 is not
applicable.

13. In our opinion and according to the information and explanations given to us, all transactions
with the related parties are in compliance with sections 177 and 188 of Companies Act,2013
where applicable and the details have been disclosed in the Financial Statements as required
by the applicable accounting standards. .

t4. In our opinion and according to the information and explanations given to us, the company
has not made any preferential allotment or private
conveftible debentures during the year under review.
 the company
15. In our opinion and according to the
information and explanations given to us'
him'
with directors or persons connected with
has not entered into any non-cash transactions

Reserve Bank of
16. The company is not required t9 9:-Tgittered under section 45-IA of the
India Act, 1934, h;;;;l}ug*ptt 3(1O;f cARo 2016 is not applicable'

FOT AITHAL ASSOCIATES

UNTANTS,

Place: Bangalore
CA CHANDRA SHEKHAR AITHAL B
Date PROPRIETOR
MembershiP No. 205102
 Annexure - B to the Auditors' Report

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section
143 of the Companies Act, 2013 (,,the Act")

We have audited the internal financial controls over financial reporting of Asmaitha Wireless
Technologies Private Limited ("the Company") as of 3l March 2017 in conjunction with our
audit of the standalone financial statements of the Company for the year ended on that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsiile for establishing and maintaining internal

financial controls based on the intemal control over financial reporting criteria established by
the Company considering the essential components of internal control stated in the Guidance
Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute
of Chartered Accountants of India ('ICAI'). These responsibilities include the design,
implementation and maintenance of adequate internal financial controls that were operating
effectively for ensuring the orderly and efficient conduct of its business, including adherence
to company's policies, the safeguarding of its assets, the prevention and detection of frauds
and errors, the accuracy and completeness of the accounting records, and the timely
preparation of reliable financial information, as required under the Companies Act, 2013.

Auditors' Responsibility

Our responsibility is to express an opinion on the Company's intemal financial controls over
financial reporting based on our audit. We conducted our audit in accordance with the
Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the
"Guidance Note") and the Standards on Auditing, issued by ICAI and deemed to be
prescribed under section 143(10) of the Companies Act,2013, to the extent applicable to an
audit of internal financial controls, both applicable to an audit of Internal Financial Controls
and, both issued by the Institute of Chartered Accountants of India. Those Standards and the
Guidance Note require that we comply with ethical requirements and plan and perform the
audit to obtain reasonable assurance about whether adequate internal financial controls over
financial reporting was established and maintained and if such controls operated effectively in
all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the
internal financial controls system over financial reporting their operating effectiveness.
+4
Our audit ofintemal financial controls over financial :rbporting included obtaining an
understanding of internal financial controls over financial reporting, assessing the risk that a
material weakness exists, and testing and evaluating the design and operating effectiveness of
internal control based on the assessed risk. The procedures selected depend on the auditor,s
judgment, including the assessment of the risks of material misstatement of the financial
statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis fbr our audit opinion on the company's internal financial controls sy
reporting.
Meaning of Internal Financial controls over Financial Reporting

company's internal financial control over financial reporting is a process designed

to
A
provide reasonable assurance regarding the reliability of linancial reporting and the
preparation of financial statements for extemal purposes in accordance with generally
accepted accounting principles. A company's internal financial control over
financial
,"poiirrg includes tttose poricies and procedures that (1) pertain to the maintenance of records
of the
thut, in ieasonable detail, accurately and fairly reflect the transactions and dispositions
assets of the company; (2) provide reasonable assurance that transactions are
recorded as
necessary to permil preparation of financial statements in accordance with
generally accepted
accounting piinciples, and that receipts and qxpenditures of the company are being made only
in accordance with authorisations of management and directors of the company; and (3)
provide reasonable assrrance regarding prevention or timely detection of unauthorised
acquisition, use, or disposition of the company's assets that could have a material
effect on the
financial statements.

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal financial controls over financial

reporting,
including the possibility of collusion or improper management override of controls, material
misstatements due to error or fraud may occur and not be detected. Also, projections
of any
evaluation of the internal financial controls over frnancial reporting to future
periods are

subject to the risk that the internal financial control over financial reporting
may become
inadequate because of changes in conditions, or that the degree of compliance
with the
policies or procedures may deteriorate'

Opinion
In bur opinion, the Company has, in all material respects, an adequate internal financial
financial
controls system over financial reporting and such internal financial controls over
reportingwere operating effectively as at 31 March2}IT,based onthe internal control over
frnanciai reporting criteiia established by the Company considering the essential components
of intemal iontrol stated in the Guidance Note on Audit of Intemal Financial Controls Over
Financial Reporting issued by the Institute of Chartered Accountants of India.

For AITHAL ASSOCIATES

Place: Bangalore CA CHANDRASHEKHAR AITHAL B

Date: 0L09.2017 PROPRIETOR
Membership No. 205102
 AS]MAITHA WIRELESS TECHNOLOGIES PVT LTD
Magadi chord Road' Govindarajnagar'
#L757lLO,2nd Floor, 'chetana complex" 5th Main, 3rd cross,
Bangalore - 560040
ON 31St MARCH' 2017
PROFIT & LOSS STATEMENT FOR THE PERIOD ENDED

Figures os qt the Figures os at the

end of current end of previous
reporting Period reporting Period

r1,85,739 13,81,820

74,24,819 3t,21,856
3,t3,20,869 JtJrrv' 97 r-.)44
" "c,
5,88,306 7,14,3r0
Financial Costs
5,72,472 !4,81,204
Depreciation and Amortization Expenses
2,92,35O t,61,633
Selling Costs
78,72,701 t,2t,92,196
Other Administrative ExPenses
5,3O,7L,5L7

L,LL,78,432
Profit before tax (lll - V)

Tqx expense:
16,60,646 9,79,7 65
(1) Current Tax
(6,82,600)
(2) MAT Tax ExPs/(Entitlement)
(80,6s2) (94,961)
(3) Deferred Tax

Profiti (Loss) for the period (Vl - Vll)

Earning per equitY share:

NOTES TO ACCOUNTS

is the Profit & Loss Stotement telerred to in our Report of even dote'
LESS TECHNOLOGIES PVT LTD
FOR AITHAL ASSOCIATES

PLACE: BANGALORE
Date : 01.09.2017
 ASMAITHA WIRELESS TECHNOLOGIES PVT LTD
chord Road, Govindarajnagar'
#L757lLO,2nd Floor,'chetana complex" 5th Main, 3rd cross, Magadi
Bangalore - 550040
BALANCE SHEET AS AT 31st MARCH,TOLT

Figures os ot the Figures ss qt the

end of current end ol previous
Particulars

I. EQUITY AND LIABILITIES

75,00,000 75,00,000
a) Share Capital
84,48,597 42,13,237
b) Reserves and SurPlus

8,10,000 8,10,000
a) Long-Term Borrowings
b) Deferred Tax Liabilities

41,29,810 33,79,439
a) Short-Term Borrowings
10,02,198 26,00,245
) Trade Payables 85,12,561
51,39,052
c) Other Current Liabilities
21 ,'1 0,590
(d) Short-Term Provisions

(a) Fixed Assets

1,21,76,460 1,26,87,776
(i) Gross Block
1 ,'16,96,871 1,13,56,184
(ii) Depreciation
4,79,589 13,31,592
(iii) Net Block
1,60,000 1,60,000
(b) Long term loans and advances
18,12120 9,20,819
(c) Other non-current assets
3,20,388 2,39,736
(b) Deferred Tax Assets

60,13,522 31,20,496
(a)Trade receivables
1,50,75,407 1,46,32,944
b) Cash and cash equivalents
67,64,191 87.20,485
c) Short-term loans and advances

NOTES TO ACCOUNTS

This is the Botonce Sheet referred to in our Report of even dote'

SS TECHNOLOGIES PVT LTD

PLACE: BANGALORE
hip No. :2O5LO2
Date : 01'09'2017
 ASMAITHA WIRELESS TECHNOLOGIES PVT LTD
fit757lL},2nd Floor,'chetana complex" 5th Main, 3rd cross, Magadi chord Road,
Govindarajnagar, Bangalore - 560040
cAsHFLoWSTATEMENTFoRTHEPER|oDENDED31stMar2017
Figures os ot the Figures os ot tne
Particulars end of current end ol previous
renortino oeriod renortino oeriod
(
A CASH FLOW FROM OPERATING ACTIVITIES
1,11 ,78,432
Net Profit before Tax & Extra ordinary items
14,81,204
Add : Depreciation
? qA 7NR
Interest ExPenses
Operoting Prolit belore working eopitol chonges 1,30;!6,344
Movement in Working CaPital :
(lncrease) / Decrease in trade receivable 57,74,843
(21,69,737
(lncrease) / Decrease in Short Term Loans & Advances
(lncrease) / Decrease in Long Term Loans & Advances
(1s,98,047) 2,93,746
(Decrease) / Increase in trade payable
(33,73,s10) 6,47,559
L4,84,97t t7,L0,360
(8,91,301) (3,21",03r
Ll,9L,975 t,89,52,O84

9,78,046 17,43,079
2,L3,929 L,72,O9,0O5

CASH FLOW FROM INVESTMENT ACTIVITIES

2,79,531, (7s,903)
Purchase of Fixed Assets including CWIP
Proceeds from / (Repayment of) Current Investment
Net Cash from Investing Activities
, 2,79,53L (7s,903)

7,50,372 (21,9t,6491
Proceeds from / (RePaYment of) LOa n
8,01,368 3,56,708
Less: Interest Paid
(50r9961 'l/s;a83s7l
Net Cosh lrom Finoncing Activities

' 4,42,463 1,45,84,745

1.,46,32,944 48,199
Opening Cash & Cash Equivalents

CASI{ OR CASH EOUIVALENTS AT EHE END OF THE YEAR (NOIE - 14) !,50,75,407 1,46,32,944

cash flow is prepared under indirect method as set out in Accounting Standard - 3'

F O R A s M A lT H qW I RELESS T ECH N O LOG IE I Pvt' .tl.q. FOR AITHAT ASSOCIATES

(DTRECTOR)

PROPRIETOR
Place : Bangalore
Date: 01.09.2017 MembershiP No. :205102
Note No. 1 :

o Significant Accounting Policies

The following Accounting Policies have been applied consistently in dealing with items
which are considered material in relation to the hnancial statement of the Company.

i) Basis of Preparation:-
The financial statements have been prepared to comply in all material aspects with
the notified Accounting Standard Rules, 2006 andthe relevant provisions of the Companies
Act,2013. The accounting policies have been consistently applied by the Company. The
financial statements have been prepared u4der the historical cost convention on an accrual
basis in accordance with accounting principles generally accepted in India.

ii) Use of Accounting Estimates:-

The preparation of financial statement is in conformity with Indian GAAP, which
requires that the management to make estimates and assumption that affect the reported
amounts of assets & liabilities.

iii) Revenue Recognition:-

Revenue from services rendered is recognized upon rendering of services to the
customers.

iv) Fixed Assets:-

Fixed assets are stated at historical cost less accumulated depreciation.

v) Depreciation :-
Depreciation on fixed assets is provided to the extent of depreciable amount on
Written Down Value method at the rate and manner prescribed in Schedule II to the
Companies Act,20l3.

vi) Taxes on Income:-

Income tax expenses are accrued in accordance with Accounting Standard22
"Accounting for Taxes on Income" as notified by the Companies Accounting Standard
(Rules) 2006, which include Current Tax and Deferred Tax. Provision for current tax is
made after taking into considerations benefits admissible under the provision of the Income
- Tax Act 1961. Deferred income tax reflects the impact of current year timing difference
between taxable income and accounting income for the year and reversal of timing
differences ofearlier years. Deferred tax assets are recognized only to the extent, there is a
reasonable certainty that sufficient future taxable income will be available.

vii) Impairment of Assets:-

The Company evaluate all its assets for assessing any impairment and accordingly
recognizes the impairment, wherever applicable, as provided in Accounting Standard 28,
"Impairment of Assets"
 viii) Provisions. Cqntinggncies:-
Company has recognized all possible contingent liabilities. And necessary
provisions hive been made in the books of accounts for current year, and in respect of
iontingent liability made necessary disclosure. There were no contingent assets arise from
unplanned or other unexpected events that give rise to possibility of an inflow of economic
benefits.

ix) Earning Per Share:-

Eaining per equity share is arrived at by dividing the Net Profit or Loss for the period
attributable to the equity shareholders by the weighted average number of equity shares
outstanding during the year.
GENERAL NOTES ON ACCOUNTS
-
a) The figures have been rounded offto the nearest rupee.

b) Previous year's figures have been re-grouped wherever necessary.

c) Disclosure of Specif,red Bank Notes

During the year, the Company had Specified Bank Notes (SBN's) or other denomination,
G.S.R308(E), dated March 3l,2OI7 . The details of SBN's held and transacted druing the
period from 8ft November 2016 to 30th December 2016, the denomination-wise SBN &
other notes as per the notification are as follows

Particulars SBN's Other Total

Denomination
Notes
Closing Cash in hand as on 8/1112016 0 0 0
Add : Permitted Receipts 0 0 0
Less : Permitted Pavments 0 0 0
Less : Amount Deposited in Banks 0 0 0
Closins Cash in hand as on30ll2l20I6 0 0 0
For the pu{pose of this clause, the term specified bank notes shall have the same meaning
provided in the notification of the Government of India, in the Ministry of Finance,
iepartment of Economic Affairs number S.O.3407(E) dated 8th November 2016.

S/oale; ,\ ;
 ASMAITHA WIRELESS TECHNOLOGIES PVT LTD
Notes Forming lntegrol Port of the Balonce Sheet os st 37st Morch, 2077

NoteNo:2Shdre {
Sr.
Previous Year
No
t AUTHORIZED CAPITAL
10,00,000 Equity Shares of Rs. 10/- each. 1,00,00,000 1,00,00,000

1,00,00,000 1,00,00,000

2 ISSUED , SUBSCRIBED & PAID UP CAPITAL

Paid up Share capital by allotment
7,50,000 Equity Shares of Rs. 10/- each, Fully p:id 75,00,000 75,00,000

Total in < 75,00.000 75,00,000

2.a ation of Nos.

Number of Equity Shares at the beginning 7,50,000 7,50,000

Add:- Number of Shares Issued
Number of Equitv Shares at the end 7,50,000 7,50,000

2. b)
31st March 201.6 31st March 2015
No. of Share Percentage of No. of Share Percentage of
i) Equitv Shqres: Holdine Holdine Holding Holdine
L Mallikarjun S V 2,50,000 2,50,000 33.33%
z Nageshwara Rao C 2,50,000 JJ. JJ"/O 2,50,000 33.33%
3 Shantala R Noubade 1,25,000 16.67o/o 1,25,000 16.67o/o

4 Ravindra Noubade 1,25,000 16.67o/o 1,25,000 16.67%

 ASMAITHA WIRELESS TECHNOLOGIES PVT LTD
2077
Notes Forming tntegrol Part of the Balqnce sheet ss at 37st March,

Note No : 3 Reserves & SurPlus

Current
Sr.
Particulars Previous Year
Year
No
84,48,597 42,1-3,238
t Surplus (Profit & Loss Account)
42,13,237 -53,17,076
Balance brought forward from previous year
42,35,359 95,30,314
Add: Profit for the Period
42,L3,237
total in ( 84,48,597

Alalo Itln . 2 Tcrm

Current
Sr.
Particulars Previous Year
Year
No
1 Other Loans & Advances from Share Holders
8,10,000 8,10,000
- Mr Ananda

Toi;tin <- 9,10,000 8,10,000

iAlalo Aln. ( ChnrtTerm

Current
Sr. Previous Year
Year
No
4!,29,810 33,79,438
I Bank Overdraft - Indian Bank - 3371

Iotal in ( 41,29,8!0 33,79,438

hlnlo Nn , 6 Trnrlcs
Current
Sr. Previous Year
Year
No
1' Sundry Creditors - Trade
26,00,24s
t0,02,t98
2 Sundrv Creditors - ExPenses

LO,O2,L98 26,00,245
Iotal in {

Note No :7 Other Current Liabilities

Sr. Current Year Previous Year
No
4,628
t Service Tax PaYable
1,79,806
86,247
2 TDS Payable
4,600 6,400
3 Professional Tax
z5,z zt.+ / o 25,81,810
4 Salary payable
),55,UOJ 47,51,280
5 Directors Remuneration PaYable
74,510
6 VAT Payable
3,09,227 5,38,637
7 TDS Payable-SalarY
18,08,929 4,50,000
8 Professional Charges PaYable

ioial in <- 51,39,052 85,12,561

 ASMAITHA WIRELESS TECHNOLOGIES PVT LTD
Notes Forming tntegral Port of the Bolonce Sheet ds at 37st March, 2077
Note No : 8 Short Term Provisions
sr' I
Nla I

t Provision For EmPlovees Behefit

1,69,061
EPF Payable
t,56,r55

2 Others
-5,82,600 7,63,314
MAT payble
34,O3,725 9,79,765
Provision for Income Tax
Provision for GratuitY 5,67,981.
1,50,300 1,98,450
Audit Fee Payable

io6if -
oE
FN
Jo.
t-t
\G
i=
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llJ (n
9:
o9
J6
oe
z?.
EF
9E
utE
Fco
U)e
E}
urb
Ea.
=E
<t
-or
l-C '=
:-
58
_t6 E
<Ee

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-x

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a
a
AJ

o
e
 ASMAITHA WIRELESS TECHNOLOGIES PVT LTD
March, 2077
Notes Forming lntegral Port of the Bolsnce sheet ss at 37st

Note
Cu rrent Previous
Sr.
Year Year
No
r)
10,000 10,000

r) Other Loans & Advances 1,50,000

l-,50,000
Rental DePosit

1,60,000 1,50,000
lTotal in (

Note No : 77 Other Non Current Assets

Current Previous
Sr.
Particulars Year Year
No 6,49,464
6,94,094
1 Bank Guarantee
tt,t8,026 2,71,355
z lnterest Accrued on Fixed DePosit

9,20,8L9
Total in ( L8,r2,L20

,v(JLC / Liabilities
Current Previous
Sr.
t Deferred Tax Liabilities
2,39,736 !,44,775
- Opening Balance
80,652 94,961
-- Additions during the Year
3,20,388 2,39,736
Total in (

Note No : 73 Trade Recievobles

Cu rre nt Previous
Sr.
Year Year
No
t
37,588 2,45,O05

2 Others
a) Secured, Considered Good :

59,75,934 28,75,491
b) Unsecured, Considered Good :

r\ Dnnhtfrrl
60,L3,522 3L,20,495
Total in (

,. 1 1--
 ASMAITHA WIRELESS TECHNOLOGIES PVT
LTD
as at 37st March' 2077
Forming Integrol Part of the Balance sheet
Notes
Note No : 74 Cosh & CoshlglloP!!

J ^ J-.-nces
Note Previous
Current
Sr. Year
Year
No L,46,637
1,20,898
il Advance to SuPPliers 32,72,625 5Z,l Z,OZ)
z Tax With hold 2,28,952
3 Advance -Staff 7,55,085
4,23,899
4 49,518
23,284
5 1 q. ?A ???
13,02,767
6 27,31,336
t6,20,7t7
1

67,64,L9t 87,20,485
 ASMAITHA WIRELESS TECHNOLOGIES PVT LTD
Notes Forming Port ol the Prcfit & Loss Accounts os ot 37st Morch, 2077

Note No: 75 Revenue

Sr. Current Previous
Particulars Year
No Year
from Services - Local L,50,t5,L77 L,s3,57,603
1 Sross Receipts
- Export 4,20,O2,354 4,56,97,453

lotal in ( 5.70,18,531 5,10,s5,0s6

Note No : 77 Other lncome

Sr. Cu rrent Previous
Particulars Year
No Year
8,01,368 3,56,708
1 lnterest on FD
Profit on Sale of Assets 2,54,373
1 10 Qqq to,25,LLz
Foreign Exchange gain

fotal 'rn < 11.85.739 13,81,820

No:: 78 Direct
Note No E.

Sr. Current Previous

Particulars Year
No Year
)roject Expenses 24,24,8r9 3t,2L,856

iffi 24,24,819 3t,2t,856

Note No:79
Sr. Cu rrent Previous
Particulars Year
No Year
2,67,89,789 3,06,57,072
1 Salaries, Bonus, PF & ESIC
45,31,080 29,30,L72
Directors Remuneration

rotal in < 3,13,20,869 3,35,87,244

 ASMAITHA WIRELESS TECHNOLOGIES PVT LTD
Notes Forming Port oI the Prcfit & Loss Accounts os at 37st March' 2077
Note No : 20 Finonciol Cost
Sr. Current Previous
Particulars
No Year Year
1 lank Charges I,L7,340 2,26,L58
nterest on OD 4,70,966 4,88,r52

fotal 'rnE 5.88.306 7.L4.3LO

Note No : 27 & Amortised Cost

Sr. Current Previous
Particulars
No Year Year
Depreciation 5,72,472 L4,8L,204

roEl in- 5.72.472 L4,8t,204

Note No :22 Costs

5r. Current Previous
Particulars
No Year Year
1 Sales Promotion ExPenses 84,933 r,6L,633
2 Bad Debts Wo 2,07,4t7

Iotal in < 2,92,350 1,61,633

Note No : 23 Other Administrstive

Sr. Current Previous
Particulars
No Year Year
L Audit Fees 50,000 70,000
Conveyance 2,53,664
5 Computer Maintenace 69,036 92,702
4 Electricity Charges 84,533 79,326
5 General office maintenance Lr,57,542 78,O87
6 PF Admin Charges t,o4,435 7,L2,076
Postage & Courier Charges 78,997 5s,651
8 Professional Charges 54,59,577 44,57,255
9 Rates & Taxes 48,083 73,862
10 Rent -paid 6,37,875 6,05,000
t7 Membership Fee r,28,L50 26,769
10,08,897 7 An?
L2 Repairs & maintenance
13 Staff Welfare 1,55,489 82,252
o,zzL 7 ??n
L4 Stationery Expenses
15 Vehical Maintenance 49,801 70,27L
19,200 )a,1?.4
Ib Vehical Insurance
t7 Telephone & Internet Charges 4,7L,445 2,56,r04
18 Travellling Expenses 80,87,786 58,29,610

Total in < L,78,12,70L L.2L.92,L96

 ASMAITHA WIRELESS TECHNOLOGIES PVT LTD
Notes Forming lntegral Part ol the Eolonce Sheet as ot 37st Morch, 2077

Note No 24 : Detoils ol Prepoid Expenses os on 37st Morch 2077

 A.Y . 20',17 -2018
Name : Asmaitha Wireless Technologies P Ltd Previous Year : 2016-2017
PAN

Address : 1757110 Ward/Circle : Circle 1(1X1)' Bangalore

Chethana ComPlex, 2nd Floor Status : Domestic ComPanY

5th Main, 3rd Cross D. O. l. :29-APr-2Q10

Magadi Cord Road, Govindarajnagar, Bangalore -
560 040

I Statement of lncome
Rs.
I

Rs. Rs'

BuslnessT
51,32,753
Net Proflt Before Tax as Per P & L a/c
Add: Inadmissible expenses & Income not included
Depreciation debited to P & L a/c 5,72,472

37 disallowance 1 1,497

40 disallowance 2 -21,000 5,52,969

56,85,722
Adjusted Profit of Businessl
56,85,722
Total income of Business and Profession
3,11,462
Less: Depreciation as Per lT Act
53,74,260
lncome chargeable under the head "Business and Profession"
53,74,260
r Total Income
16,12,278
Tax on total income
48,368
Add: Education cess
16,60,646
Tax with cess
9,78,046
Minimum Alternative Tax
80,714 6,82,600
Tax credit C/F and set off u/s 'l15JAA o
9,78,046
Tax payable u/s 115JB
9,78,046
Net Tax
13,03,750
TDS
13,03,750
Total prepaid taxes
3,25,700
I Refund Due

Schedule 1

Disallowances of expenditure u/s 37

Disallowance
Other exPenditure
Any other disallowance u/s 37
1,497
Interest & PenaltY
1,497
Total Disallowance

Schedule 2

Disallowances of expenditure u/s 40

 Amount.on Deduction in
Expenses without TDS disallowed earlier B/F Amount
wnlcn
BIF TDS done current year
40(a)(ia): Fees for professional or technical services - AY 70,000 70,000 21,000
2015-16
Net Disallowance -21,000

Schedule 3

Minimum alternative tax

Net profit after tax (A) 51,32,753
BookProfit(A+B-C) 51,32,753
Mat on book profit 9,49,559
Mat with SC & Cess on book profit 9,78,046
Whether earning solely in Foreign Exchange in lntl. Financial No
Servlces Centre?
Policies, standards & depreciation methods used in accounts laid Yes
before AGM are followed in P & L a/c

Schedule 4
IDS as per Form 164

Name of the Deductor, TAN and Certificate No. TDS TDS craimed -"""J1"::
deducted in current year as per 2645

Cambium Networks Consulting Private Limited, TAN- 67,000 67,000 6,70,000

BLRCl 4533B
Cisco Systems (india) Private Limited, TAN- BLRCO1451C 2,25,532 2,25,532 22,55,320

Commscope Networks India Private Limited, TAN- BLRA05496B 4,34,640 4,34,640 43,46,386

Indian BankSadashivanagar Br, TAN- BLRl00089F 99,857 99,857 9,98,484

Indian Institute Of Technology, TAN- MUMl00377G 37,557 37,557 18,77,870
Intel Technology India Private Limited, TAN- BLRl00675D 2,26,131 2,26,131 22,61,291

Pitney Bowes Software India Private Limited, TAN- DELM14227D 1,94,666 1,94,666 19,46,660

Rangsons Electronics Pvt LtdNo,l45manandavadi Road, TAN- 18,367 '18,367 1,83,665

BLRRO2O2TE
Total 13,03,750 13,03,750 1,45,39,676

Bank Nc for Refund:

Wireless Technologies N
Date : 27-Oct-2017
Place : Bangalore
Authorised Signatory