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• Annual Report 2018-19
Shaping the future of software driven business
Form AOC-1 Part B
Statement pursuant to Section 129 (3) of the Companies Act, 2013
related to Associate Companies
(In
`
million except no. of shares held)
Name of Associate
Klisma e-Services Private Limited
Latest audited Balance Sheet Date
March 31, 2018
Shares of Associate held by the company on the year end
No.
5,000
Amount of Investment in Associates
0.05
Extend of Holding %
50%
Description of how there is significant influence
By virtue of shareholding - More than 20%
Reason why the associate is not consolidated
Not Applicable
Networth attributable to Shareholding as per latest audited
Balance Sheet
(16.89)
Profit / (Loss) for the year 2018-19
i. Considered in Consolidation *
-
i. Not Considered in Consolidation *
-
*The share of loss in Klisma e-Services Private Limited to the extent of the investment made by Persistent Systems Limited in
Klisma e-Services Private Limited (
`
0.05 Million) has been provided for in the standalone financial statements of Persistent
Systems Limited in FY 2013-14.
For and on behalf of the Board of Directors
Dr. Anand Deshpande
Chairman & Managing Director
DIN: 00005721
Kiran Umrootkar
Director
DIN: 00326672
Pune, April 27, 2019
Sunil Sapre
Executive Director and
Chief Financial Officer
DIN: 06475949
Amit Atre
Company Secretary
Membership No. A20507
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