*) weatherwise DIRECTOR'S REPORT To The Members of Skymet Weather Services Private Limited Your Directors have pleasure in presenting the 19" Board's Report of your Company together with the Audited Financial Statements of your Company for the financial year ended 31" March 2023, FINANCIAL SUMMARY The financial statements for the financial year ended 31" March 2023 have been prepared in avcordance with the applicable indian Accounting Standards. The key highlights of the audited financial results of the Company for the financial year are provided belaw:- (INR In Hundreds) corre eed Pe) Ce) Ce oS eee ee cee coed Sales and other income 362,901.15 | 374,296.85 | 36,21,126.58 | 37,48,687.05 Praft before tax and depreciation 3,76,08751| 4,06,78156| 3,74,585.41 | 4,08,466 86 and exceptional ems Depreciation and amortization S3ei9s| 25745837 | 23554740] 23249511 Profit before tax and exceptional) 142,475.56) 1,74,373,19| 1,39,038.01| 1,75,97175 tems Exceptional lems Trofa before wr Tanase asia] Taam | Tse Provision for Tax (6,705.98) (23,358.48) (8,705.54) | (23,358.48) Net Profit after tax 133,769.62 | _1,50.96071| _13033207| 152,613.27 Balance of Profit bought forward | (32,13,087:90) | _(33,64,052.6i) | (32,14,217.82) | (33/66,831.08) :) | (82,13,087.90) | (30,83,885.75) | (32,14,217.82) Balance of Profit carried forward | (30,79,318. STATE OF AFFAIRS Ibis imperative that affair of the Company are managedin a fair and transparent manner. This is vital to gain and retain the trust of our stakeholders. MEETINGS DURING THE FINANCIAL YEAR BOARD MEETINGS The Board of Directors of the Company held regular Board meetings throughout the year at regular intervals in compliance with Campanies Act, 2013. Skeymet Weather Services Pri. Ltd poco te rt Nac ages Sem th st UY me “Te: 651 (120) 609.4500 | infosskymetwesther.com | ‘wwskymetwesther:com [3 sector tc: 109, cal Eat, 32.53, bab le, Mes De 11000 Inga | To 11) 4eDEITT (CIN: UPALA0DL200EPTE 126574 \e A,skymet weather wis During the financial year 2022-23, the Board of Directors of the Company duly met Od times. The intervening gap between the twameetings was within the period as prescribed under the Companies Act, 2013. Further, the status of attendance of Board Meeting by each of Director Is as follows: S.No. | Name of Directo ] No, of Board Meetings entitied | No, of Baard Meetings | to attend Attended i,__|Jatin Singh [oa roa 2. | Erikacques Pierre Lewy | 04 og 3. | Thibaud Ponchon | 04 oa bu ND KEY MANAGERIAL PERSONNEL (KMP] During the year, follawing changes were rade in the constitution of Key Managerial personnel (KMP] of the Company: SNe, | Name Designation | Appolntment/Resignation/ Date of of Direetor/KMP change in designation sppointment/res ‘gnation z Tain Singh Director Chairman 38.07.2022 Further, the Company has complied with the provisions of KMP during the year. ‘SECRETARIAL STANDARDS: Pursuant to the provisions of Section 138 af the Cempanies Act, 2033, the Company has complied with the applicable provisions of the Secretarial Standards issued by the Institute of Companies Secretaries of India DIRECTORS RESPONSIBILITY STATEMENT Pursuant to Section 134 of the Compenies Act, 2013, the Directors, to the best of their knowledge and belief, confiren that: 2) Inthe preparation af the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures; b) the Directors had 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 prafit and loss of the ‘Company for that period; the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and. for preventing and detecting fraud and other irregularities; 9) the Directers had prepared the annual accounts on 3 going concer basis; e} Clause e of section 134(5) is not applicable as the Company Is nota listed Company; and f| The Directors have devised proper systems in accardance with the Compliance Policy of the Company ‘to ensure compliance with its primary compliance obligations under the provisions of all applicable faws and that such systems were adequate,and operating effectively ‘Corporate Office: Plot Na, 10 611, FrlusHaights, Sector 128, Hoida:261308, UR, Inds ‘Tek 191(120)4098500 | infowstymetweather.com | men skymetueathe.corn Ieglstesed Office 103, Mural Bazar, 32:33, Nehru Pace, Mew Delh-T 10018, tndta | Te #91 (11) 26210377 ‘e1N: U741 490420049TC1 2657AUDITORS M/s SUDIT K. PAREKH & CO. LLP (FRN: - 10512W/W100378) were anpainted as Statutory Auditors of the Company far a period of § years in the 15" Annual General Meeting of the Company held on 05" September, 2019 to hald their office from the conclusion of 15! AGM till the conclusion of 20" ‘Annual General Meeting of the Company (upto the financial year ending 31° March, 2024) and a note regarding their appaintment will be taken in the forthearning Annual General Meeting, DETAIL OF FRAUD AS PER AUDITORS REPORT There is na fraud in the Company during the financial year ended 31" March 2023, This is alsa being supported by the report of the auditors of the Company as no fraud has been reparted in their audit report for the financial year ended 31” March 2023, BOARD'S COMME! FICATION, RESERVATION & ADVER: AD ‘MADE BY- tal oF The Auditor's Report is self-explanatory and hence does not require any further clarification. The Auditors’ Report does not contain any reservation or adverse remark or disclaimer which requires ‘any explanation from the Board. Secretarial Auditor ‘The Secretarial audit of the Company has not been conducted for the financial year 2022-23, as provisions of Section 203 of the Companies Act, 2013 are not applicable to the Company. Cost Audito ‘The Cost audit of the Company has not been conducted for the financial year 2022-23, a5 pravisions of Section 148 of the Companies Act, 2013 are not applicable to the Company, ‘WEB LINK OF ANNUAL RETURN, IF ANY ‘The Company doesn’t maintain any website. Therefore, there is no need for publication of Annuat Return. DISCLOSURE AS TO MAINTENANCE OF COST RECORDS AND ACCOUNTS Your Directers would like to inform that pravisions of Maintenance of Cost Records under Sub- Section (1) of Section 148 of the Companies Act, 2013 are not applicable ta the Company. Skyrmat Weather Services Pvt Ltd Corporate Office: ot Mo, 10-8 11, Prius eights, Sector 125, Modda-201308, 1. Inka Tok +91 (120)409.4500 | Infosekymetuaher.coen | swurskymerneather.com Registered Office: 109, Kusal Bazar, 32:33, Nehru Place, Nev-D¥dhv-110019, adla | Tel: +91 (11) 26200077 (IN: U7#1400L200PTCT26574keep Skymet weather wise PARTICULARS OF INTER: CORPORATE LOANS & INVESTMENT During the financial year 2022.23, the Company has not given any loan, or given guarantee or pravided security in connection with the loan or made investments in securities of any ather body corporate as per section 186 of the Campanies Act, 2013, Further the Company has not extended any loans, guarantees or security te any other Company during the Financial Year endad March 31, 2023. PARTICULARS OF RELATED PARTY TRANSACTIONS ‘The transactions during the financial year with related parties were in the ordinary course of business and onan arm's length basis, Particulars of contracts or arrangements with related parties referred to in Section 188(1) of the Companies Act, 2013, in the prescribed form AOC-2, are appended as Annexure | to the Board's report. ‘TRANSFER TO RESERVES ‘The amount of Rs. 30,82,01,404/- to be carried as loss in the Balance Sheet for the financial year ended 32 March, 2023, The Board of Directors of yur Company, has decided not to: carry this amount in to any specific reserve. DIVIDEND The Board of Directors of your Company has not deciared any dividend for the current financial year toconserve funds of the Company. MATERIAL CHANGES & COMMITMENTS ‘There were na material changes that have taken place during the periad between the end of the financial year of the Company to which the financial statements relate and the date of the Board's Report. Pal SOF CONSERVATION OF ENERGY, TE j¥ ABSORPTION & FOREIGN EXCHAN' EARNINGS AND OUTGO ‘The information on Conservation of energy, technalogy absorption and foreign exchange earnings and outgo stipulated under section 134(3}{m) of the Companies Act, 2013 read with Rule: (1)(3) of the Companies {Accounts} Rules, 2014 are given in Annexure I forming part of this report. DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY The management of the Company has duly adopted the Risk Management Policy as per the requirement of the Companies Act, 2013. Further, they had taken adequate care in its implementatlan by identifying various element of risk which may cause serious threat to the existence of the Company. Skyrnet Weather Services Pvt Led Corporate Office: Pot Me, 10.6 11, rus Maights, Sector 125, Mida-20¥303, Um, Bis Tel +91 (120) 4094500 | Infowshymetweathercar | werw-skynetweather:com 3 Reglstered otice: 109, Rusa Bazar, 3223, Nehru Place, New Dedhi-T9019, lads | Tel: +8) (11}26240377 (aN: 74) ao0L2004PTC26874Sip skymet ) westherwise CORPORATE SOCIAL RESPONSIBILITY (CSR} ‘The Pravision relating to corporate social responsibility (CSR) is not applicable to the Company. DEPOSITS ‘The Board states that no disclasure or reporting was required in respect of the details relating to deposits cavered under ChapterV of the Actas there were na deposits during the financial year 2022- 23, Further, any amount received by the Company from any director, fram whom money Is received, furnishes:to the Company at the time of giving the money, a declaration in writing ta the effect that the amount is not being given out of funds acquired by him by borrowing or accepting loans or deposits from others. JOINT VENTURE/ ASSOCIATE OR SUBSIDIARY COMPANIES Details of the Subsidiary/Associate/loint Venture companies of the company are as follows: S. [Name ofthe Company | Jointventure/assocate | No. of ot No Jsubsidiary Shares held | Shareholding 1.| Skysense Tech Private | Wholly Owned Subsidiary | 10000, 100% Limited J ORT ON PERFOR! F SUBSIDIARIES, A E COMPANIES & JOINT VENTURE ‘The Company has one wholly owned subsidiary companies. in accordance with Section 129(3) of the Companies Act, 2013, we have prepared Consolidated Financial Statements of the Company and its subsidiary companies, which form part of the Annual Report. Further, a statement containing the salient features of the financial statements of our consolidated subsidiaries in the prescribed format AQC-1 Is annexed as Annexure-lil to the Board Report. The statement alsa provides details of performance, financial pasition of each of the subsidiaries. The Board's Report has been prepared based on "STAND ALONE FINANCIAL STATEMENT OF THE company" Associate - There is no associate of the Company Joint venture- There is no Joint Venture Company. ISCLOSURE UND! JAL_HARASSMENT OF WOMEN AT WORKPLAC! ON, PROHIBITION AND REDRESSAL) ACT, 2013 ‘As per the requirement of The Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013 (‘Act’) and rules made thereunder, the Company has in place a Policy for Skymet Weather Services Pvt. Lid. egietered Office: 109, Kusl Bazar, 32-33, Nehru Pie, New Dathi-110010, na | Ts ‘cin, uatapoazoo4rrcy25574weatherwise prevention of Sexual Harassment at the Workplace in line with the requirements of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal Complaints Committee {ICC} has been set up to redress complaints received regarding sexual harassment. all employees (permanent, contractual, temporary, trainees) are covered under this, policy, The Following is a summary of sexual harassment complaints received and disposed of during the year: {a} Number of complaints pending at the beginning of the year -NIL (b) Number of complaints received during the year -NIL (c] Number of complaints disposed off during the year -NIL (d} Number of cases pending at the end of the year- Nit ORDERS PASSED BY REGULATORS/COURTS/TRIBUNALS “There are na significant materlal orders passed by the regulators or courts or tribunals affecting the going concern status and Company's operations in future. INTERNAL FINANCIAL CONTROLS ‘The Board has adopted the policies and procedures for ensuring the orderly and efficient conduct of Its business, including adherence to Company's policies relating to Internal Controls over financial statements. For the year ended 31" March, 2023, the Board is of the opinion that the Company has put in place Internal Financial Controls to ensure accuracy and completeness of accounting records, preparation of timely and reliable financial information so as to substantially reduce the risk of material misstatements and inaccuracies in the Company's Financial Statements. ‘VIGIL MECHANISM Pursuant to Section 17719) of Companies Act 2013 provisions of establishment of Vigil Mechanist is not applicable to the Company. DISCLOSURE UNDER SECTION 67 During the period under review, the Company has not purchased its shares or given any loan to purchase its own shares under Section 67 of the Companies Act, 2013. INSOLVENCY AND BANKRUPTCY CO! 6 During the period under review, No application has been filed or pending any proceeding against the Company under the Insolvency and Bankruptcy Code, 2036. Skymet Weather Services Put, Ltd. te Office: Plot No. 108 11, Prius Heights, Sector 125, Nald-201303, U.P tia Tek 991 (120) 409 4500 | infotskymenweatner.com | wor shymenneather.com / Megistered Office: 108, Kua! Bazar, 32-33, Metin Place, New Delhi-110015, India | Tel: oat c1t) 2610877 %/ (aN: uPataopczootPTC1 26576weather wise aap skyrret DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF During the year under review, there was no instance of one-time settlement with banks or financial institutions. SHARES a. CHANGES IN SHARE CAPITAL During the Financial Year 2022-23, the share capital af the Company has nat been changed. b, SWEAT EQUITY ‘The Company has not issued any Sweat Equity Shares during the year under review. ¢. EMPLOYEES STOCK OPTION PLAN ‘The Company has not issued aniy Emplayee Stock options during the year under review. ISSUE OF EQUITY SHARES WITH DIFFERNTIAL RIGHTS “The Company has not issued any Equity shares with differential rights during the period under review. ACKNOWLEDGEMENT Your Directors wish to place an record their appreciation far the co-operation and support extended by the Share Holders, various authorities, banks, dealers and vendors The Directors also acknowledge with gratitude the dedicated efforts and valuable contribution made by all the employees of the Company. For and on behalf of the Board of Skymet Weather Services Private Lim! DIN: 01182608 ‘Address: Flat No 0291, ATS Green Village, Sactor 93, Nolda-201304, India Place: Noida Date: 28" June 2023, ‘Skymet Weather Services Pvt Ltd Corporate office: Plt io. 10.6 11, Prius Heights, Secor 125, Woida-201303, U.P. India Tok-+81 (120)408 4500 | intod@slymetweather.com | ww.skymenweather.com Rogistered Office: 109, xual Bay, 32-33, Wedru Pisce, New Delhi-110018, Isa | Tel: «90 (11) 26210377 (aN: UretagoLzop4PTCI 26574weatherwise Abe skymet Annexure Form No. (Pursuant te louse (h) of sub-section (3) af section 134 of the Actand Rule 82} af the Companies (Accounts) Rules, 204} Form for disclosure of particulars of contractsfarrangements entered imo by the Company with related parties referred to in sub-aectlan (1) of section 188 of tha Companies Act, 2013 including certain arm's length transactions under third provisa thereto. 1. Details of contracts er arrangements or transactions not at arm's length basis: Ni (a) Name(s) of the related party and nature of relationship (b) Nature af contraets/arrangesments/transactions {C) Duration of the cantracts / arrangements/transactians {@) Salent teers af the contracts or arrangements or transactions including the value, any {e) tustiication for entering into such contracts or arrangements a transactions (f datets) of approval by the Board (a) Amount paid as advances, if ny’ thi Date on which the special resolition was passed in general meeting as required under frst proviso to Steven 188 Wamie of Related Party Skysense Tech Private | Mr Bljoy Kumar United Wature of Relationship Wholly Owned Subsidiary [Relative af Managing Director Nature of Contract ; Purchase of Goods and | Rant palg by Company for | Services se of premises owned by the related party Amount Ws, 18,72. 0657— is 4,92,000/- Duration af Contract / Arrangement | Throughaut Financial Throughout Financi ‘year 2022-23 Year 2022-23 Terms af Contract / Arran [at Arm’s Length ‘At Arm's Length Date of Approval by the Boa! 2a” Maren 2022 NA Amount Paid ax Advance Ri. 55,21,702 NA =] For and of behalf ofthe Board of Skymet Weather Services Private Limited Jatin Singh ‘Chairman & Director DIN: 01182608 ‘Address: Flat Wo 0291, ATS Green Village,Sector 934, Noida-201304, tndla Plaee: Nelda Date: 28% June 2023 ‘Skymet Weather Services Put. Lid (Corparatn Office: Plot No, 10.4 13, Prius Meigs, Secor 125, Wolda-201303, U.P nia Tel: ¥91 (120)409 4500 | inflo@shymetweathercom | wywskymeureather.com Registered tice: 109, tual Bazar, 22-23, Nehru Pict, New Dath-1100T9, Ingia | Tet: «91 (11) 26210377 ‘cin: UPstancazonsPrci26s74weather wise Se skymet ‘ANMEXUREA FORMA information regarding Conservation of Energy, Technology Absorption and Fareign Exchange Earnings and outga [pursuant to Section 124(3)(m) of the Companies Act, 2013 read with Rule 8(1)(3} ofthe Companies (Accounts) Rules, 12014 and forming part of Birectors Report: (nsan Hundreds} CONSERVATION OF ENERGY the seps Taken or impact on conaarvation of eneray wi ‘he slaps taken by the company For uiliaing sternate sources oF enerey wit ‘he eapitalinvectment on energy conservation equipment’s Sah iL TECHNOLOGY ABSORPTION The efforts made awards technlogy absorption iat the benefits derived Ihe product impravement, cGatreBUetIOn, Breguet a development or import substitution 3. | Incase of imported technology (imported during the last three years reckoned Wit Framthe beginmingof the financial year) {a} the details of technology imported {o) the year of import: {0} whether the technology been fully absorbed (6) if not futly absorbed, areas where absarptien has nat taken place, and the reasons thereat 7_| the expenditure incurred on Research and Development i ro (€_| FOREIGN EXCHANGE EARNINGS AND OUTGO 1 Forelgn Exchange Earnings Sale of Services 39,724.02 Th Foreign Exchange Outgo 1. Feesand subscription 1705.19 2. Graphics and images 1364737 3. Professional Fees 33,368.40 4. Travel Expenses 785356 5._Purehase of Sensors 23,623.60 PPP => Far and an behalf of the Board of Skyrnet Weather Servicos Private Limited Jatin Singh ‘Chairman & Director iv: 02282608 ‘Address: Flat No 0291, ATS Green Vilage, Place: Noida Date: 28" June 2023 938, Nolds-201804, India Skymet Weather Services Pvt Ltd. Corporate Office: Mat No, 10 & 11, ria Heights, Sector 125, Nolda-201303, U.P India Tet #81 (120) 409 4500 | ialowekymerweather.com | waw skymetneather.com Registered Office: 109, cus Bazar, 32-43, Neh Place, New Dell-110019, India | Tel: +81 111)26210377 aN: UravappL2004PTe 126574kymet weather wise ‘Annexure ~ Il Form No. AGE: 1 PART-A: Subsidiaries Sr. No. | Particulars ] Details (in INR) Ez Name of the Subsidiary |” Skysense Tech Private Limited [2 The date since when subsidiary was acquired 18° December, 2018 oo Reporting period for the subsidiary concemed, if NA ifferent from the holding company’s reporting period 4 Reporting currency and Exchange rate as on the last date NA of the relevant financial year in case of foreign subsidiaries, _ share Capital 100,660, Reserves & Surplus (87,173) Total assets 1,20,88,022 “al abilities 1,20,88,022 investments lL Turnover 12700,835, Prof (Loss) before taxation, (74,181) _ Provisions for taxation NIL Profit (Loss) after taxation (74,181) Proposed Dividend NIL ‘Extent of shareholding (in %) 100% There is no other subsidiary to commence operation or the subsidiary which have been liquidated or sold during the yeat, For and on behaif of the Board of ‘Skymet Weather Services Private Lirited Jatin Singh (Chairman & Director DIN: 01282608: [Address Flat No G291, ATS Green Vilage, Sector 934, Noida-201304, India Place: Noida Date: 28° June 2023, ‘Skymet Weather Services Pvt. Lid. Corporate Office: Pit No, 10 & 11, Prive Moghts, Sector 125, Nols 201305, U.P India Tok +94 (120)408 4500 | iafo@lskymetweatnercom | uw shymetwcather com Iegistered Ortice: 108, kusal Bacar, 32:33, Nehru Place, Wew Deh-110019, Inn | Te: oft (44) 26210377 CIN: UTsa00L2004PTC126574