Transline Technologies Shares

Financial Report Summary

TRANSLINE TECHNOLOGIES LIMITED - Standalone Financial Statements for the period 01/04/2023 to 31/03/2024

I. General Company Information

Transline Technologies Limited, incorporated on 02.02.2001 with CIN: U72900DL2001PLC109496, is engaged in IT infrastructure solutions and services, system integration, warranty management, and software application development. The standalone financial statements adhere to Indian GAAP, complying with the Companies Act, 2013.

II. Financial Highlights

• The total revenue for the financial year 2023-24 was Rs. 22847.51 Lakhs, significantly higher than the previous year's Rs. 11478.19 Lakhs.
• Profit after tax (PAT) for the current year was Rs. 3558.49 Lakhs, contrasting with Rs. 1002.81 Lakhs in the prior year.
• The company emphasizes growth in revenue, cost management, strategic marketing, and brand awareness campaigns to improve performance.

III. Changes in Share Capital

• The company increased its authorized share capital from Rs. 11,00,00,000 to Rs. 17,50,00,000 on 29th May 2023, and further to Rs. 25,00,00,000 on 22nd March 2024.
• Paid-up share capital increased from Rs. 7,56,77,580 to Rs. 16,21,03,760 through bonus shares and private placements.
  • 7567758 Bonus Shares issued to shareholders (1:1 ratio)
  • 800,000 equity shares issued via Private Placement
  • 274,860 equity shares issued via Private Placement

IV. Dividends

• To maintain sufficient liquidity, the Board of Directors decided against recommending dividends for the financial year 2023-24.

V. Directors and Key Personnel

• Mr. Bhim Sain Goyal appointed as additional Independent director on 22.02.2024.
• Key Managerial Personnel:
  • Mr. Arjun Singh Bisht - Chief Financial Officer (CFO)
  • Ms. Preeti Kataria - Company Secretary
• The board of directors comprises 4 Directors out of which 2 directors are in the category of executive director, 1 in the category of non-executive director, and 1 is an independent director. The Chairperson of the company is the executive director.
• The company is in the process of searching for candidates for appointment as Independent Director and the number of Independent Directors needed is 1 which is in compliance with the stipulated One-third of the total number of Directors.
• Mrs. Amita Gupta, Director will retire by rotation at the ensuing Annual General Meeting and eligible offer herself for re-appointment.
• Mr. Arun Gupta, Managing Director, and Mrs. Amita Gupta is related to each other through marriage.

VI. Corporate Social Responsibility (CSR)

• The company has a CSR Committee-approved policy implemented to manage and undertake CSR activities. The committee had formulated and recommended to the Board, the CSR Policy which was subsequently adopted by it and is being implemented by the Company.
• In 2023-24, Rs. 9.70 Lakhs was spent on CSR activities, representing approximately 2% of the average net profit for the past three financial years.
• Collaborative CDS program with a focus on education of children from migrant unorganized sectors and supporting animal care centers. This initiative was carried out in Collaboration with Kamdenu Mangal Parivar and Bharat Lok Shiksha Parishad.

VII. Auditors' Report

• Statutory Auditors: M/s Goyal Nagpal & Co, Chartered Accountants, were re-appointed.
• The auditor's report is unqualified, with no adverse remarks, reservations, or disclaimers.

VIII. Material Changes and Commitments

• No material changes or commitments occurred between the end of the financial year and the date of the report that would affect the company's financial position.
• The company has complied with the provisions of applicable Secretarial Standards issued by the Institute of Company Secretaries of India and approved by the Central Government under Section 118(10) of the Companies Act, 2013.

IX. Other Key Points

• The company follows all statutory requirements and guidelines regarding the Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013.
• No investments, loans, or guarantees were made during the year.
• All related party transactions were at arm's length and in the ordinary course of business.
• A Risk Management policy is in place to identify and mitigate business risks.
• The Directors confirm compliance with Section 134(5) of the Companies Act regarding accounting standards, policies, and internal financial controls.
• The company is committed to energy conservation and technology absorption for sustainable business practices.
• Foreign exchange outgo was Rs. 4,67,09,037.
• The company hasn’t revised its financial statements or directors’ report during the financial year under review in terms of Section 131 of the Companies Act, 2013.

X. Financial Position

• Assets: Total assets are Rs. 21,810.84 Lakhs, comprising non-current assets (Rs. 1,979.21 Lakhs) and current assets (Rs. 19,831.63 Lakhs). Fixed assets (tangible and intangible) amount to Rs. 1,430.9 Lakhs.
• Equity and Liabilities: Total equity and liabilities are also Rs. 21,810.84 Lakhs, including share capital (Rs. 1,621.04 Lakhs), reserves and surplus (Rs. 6,776.62 Lakhs), non-current liabilities (Rs. 1,096.87 Lakhs), and current liabilities (Rs. 12,316.31 Lakhs).

XI. Segment Information

The company's primary lines of business are IT Infrastructure Solutions and System Integration Services