Triton Corp. Ltd Management Discussions

REPORT

OPERATIONS

Company has not commenced its operations due to continued financial difficulties. Company is putting all efforts for the revival of business and exploring new business opportunities.

OPPORTUNITIES

We are exploring further business opportunities in our industry and other sectors as well in this new normal post-pandemic world. We will embrace new technologies to enhance productivity, efficiency and enhance our ability to deliver a superior value add to clients & partners.

ADEQUACY OF INTERNAL CONTROL

Proper and adequate internal control system are in place to ensure that all the business dealings are performed on sound business ethics and all assets are protected against loss of unauthorized use or disposition.

The internal control system is designed to ensure that financial and other records are reliable for all purposes.

HUMAN RESOURCES:

The Company regards its human resource as a valuable asset. The Company has a team driven work process with completely flat organization system.

CORPORATE GOVERNANCE:

The Company follows principle of effective Corporate Governance. The endeavor of the Company is not only to comply with regulatory requirements but also to practice Corporate Governance principles that lay emphasis on integrity, transparency and overall accountability.

The Company adheres to most of the recommendations made by the SEBI and incorporated by the Stock Exchanges in the Standard Listing Agreement.

VALUE CREATION

The Company has adopted Accounting Standards incorporating international best practices and has moved towards transparency in its reporting.

DISCLAIMER:

Readers are cautioned that this discussion and analysis contains forward-looking statements that involve risks and uncertainties. When used in this discussion, the words "anticipate", believe", "estimate", intend, "will", and "expected" and other similar expressions as they relate to the Company or its business are intended to identify such forward looking statements. The Company undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of performances or achievements and risks and opportunities could differ materially from those expressed or implied in such forward looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of their date. The following discussion and analysis should be read in conjunction with the Companys financial statements included and notes thereto.

MANAGEMENT

Managements Discussion and Analysis Report

The Annual report has a separate chapter on Managements Discussion & Analysis Report.

Disclosures

There are no materially significant related party transactions of the Company, which have conflict with the interests of the Company at large. Transactions with Senior Managerial Personnel are reported in case there is any personal interest involved. Details of transaction with related parties are reflected in the Annual Accounts under the head "Notes to Accounts".

The Company has complied with all the mandatory requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended time to time, pertaining to Corporate Governance of the listing agreement with the Stock Exchanges. The Non Mandatory requirements have been adopted as stated in this report against the relevant items.

Means of Communication:

The Quarterly Results along with the Notes are normally published in one National English Newspaper and one Hindi Newspaper circulating in New Delhi, within 48 hours of approval by the Board and are faxed/e-mailed/ intimated to Stock Exchanges.

General Body Meetings

The last three (3) Annual General Meetings of the Company were held on:

Financial Year	AGM	Location	Date	Time
2022-23	33rd	Through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM")	30th September, 2023	01:30 p.m.
2021-22	32nd	Through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM")	30th September, 2022	01:30 p.m.
2020-21	31st	Through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM")	28th December, 2021	12:30 p.m.

During these meetings, all the resolutions were duly passed unanimously.

Postal Ballot:

During the year under review, No resolution through postal ballot was passed.

Dividend payment

In view of losses during 2023-2024, the Directors have decided not to recommend any dividend.

Listing

Equity shares of your Company are listed on the Bombay Stock Exchange Limited (BSE) and Calcutta Stock Exchange Association Limited.

The Company has filed an application with the Calcutta Stock Exchange Association Limited for voluntary delisting of equity shares.

Registrar and Transfer Agent

Securities and Exchange Board of India (SEBI), has made it mandatory for all work relating to share transfer, both in physical and electronic form, to be handled either wholly in house by Companies or wholly by a SEBI registered external Registrar and Transfer Agent. Pursuant to this, the Company has appointed Mas Services Limited, T-34 IInd Floor Okhla Industrial Area, Phase-11, New Delhi-110020.

Companys Corporate Address:

Registered Office: R-4, Unit-102 First Floor, Khirki Extention Main Road, Malviya Nagar, New Delhi-110017.

Address for Correspondence

For Share Transfer/Dematerialization of shares, change of address and any other query relating to shares	Mas Services Limited T-34, IInd Floor, Okhla Industrial Area, Phase-II New Delhi - 110 020
For Investors Assistance & Compliance Officer	Mr. Rajeev Kumar Gupta CFO R -4, Unit-102 First Floor, Khirki Extention Main Road, Malviya Nagar, New Delhi-110017 Telephone No. : 011-49096562 e-mail id : cs@tritoncorp.in

 

Stock Code
Bombay Stock Exchange (Scrip)	523387
Physical mode (No of shares) :	9034781
Demat mode (No of shares) :	190860719

ISIN No.: INE982C01033

Corporate Identity Number: L74899DL1990PLC039989

Dematerialization of Shares and Liquidity

The Company has entered into agreement with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) for dematerialization of its equity shares. The shares of your company are frequently traded on Bombay Stock Exchange. As of March 31, 2024, 95.50% of the equity capital of your company is in demat mode.

Shareholding Pattern as on March 31, 2024

S.No. Category	No. of Shares held	% age Shareholding
A. Shareholding of Promoter and Promoter Group
Indian Promoters:
1. - Individuals/HUF	37510	00.02
- Bodies Corporate	135130513	67.60
Foreign Promoters-
2. - Individuals	0	0
- Bodies Corporate	0	0
B. Public Shareholding
1. Institutions
(a) Mutual Funds/UTI	199100	0.10
(b) Financial Institutions/Banks	0	0
(c) Central Government/State Government(s)	0	0
(d) Venture Capital Funds	0	0
(e) Insurance Companies	0	0
(f) Foreign Portfolio Investors	460968	0.23
(g) Foreign Venture Capital Investors	0	0
2. Non-Institutions
Individuals-
(a) i) Individual shareholders holding nominal share capital up to Rs. 2 lakhs	43062493	21.54
ii) Individual shareholders holding nominal share capital in excess of Rs. 2 lakhs	15583103	7.80
	3938114	197
(b) Non Resident Indians (NRIs)
(c) Body Corporate	1370273	0.69
(d) Any Other	107576
Total	19,98,89,650	100.00

Distribution of Shareholding as on March 31, 2024

Share Holding Of Nominal Value Of Rs	Number of Shareholders	% to Shareholders	No. of shares held	Amount in Rs	% to share holding
1 TO 5000	17840	92254	13902495	13902495	6955
5001 TO 10000	750	3878	6072558	6072558	3038
10001 TO 20001	363	1877	5349901	5349901	2676
20001 TO 30001	127	0657	3208077	3208077	1605
30001 TO 40001	49	0253	1751318	1751318	0876
40001 TO 50001	45	0233	2106695	2106695	1054
50001 TO 100000	96	0496	6952929	6952929	3478
100001 AND ABOVE	68	0352	160545677	160545677	80317
Total	19338	100.00	199889650	199889650	100.00

Market Price Data (BSE)

The Market price data is given below from April 1, 2023 up to March 31, 2024.

Month	High	Low
Apr-2023	0.35	0.32
May- 2023	0.36	0.33
Jun - 2023	0.36	0.32
Jul - 2023	0.39	0.35
Aug-2023	0.40	0.37
Sep -2023	0.40	0.39
Oct- 2023	0.42	0.38
Nov-2023	0.42	0.40
Dec- 2023	0.44	0.42
Jan-2024	0.44	0.42
Feb-2024	0.46	0.44
Mar-2024	0.48	0.46

Source: www.bseindia.com Directors Shareholding

Name of the Director	Number of Equity Shares held
Mrs. Meena Rastogi	32,250

 

By Order of the Board of Directors	Sd/-	Sd/-
Triton Corp Limited	Sheetal Jain	Meena Rastogi
Date: 21.05.2024	(Managing Director)	(Director)
Place: New Delhi	DIN: 00269470	DIN: 01572002