Lytus Technologies Files 2024 Annual Report

TL;DR

Lytus Tech dropped its 2024 20-F, check it for the latest on their biz.

AI Summary

Lytus Technologies Holdings PTV. Ltd. filed its annual report on Form 20-F for the fiscal year ended March 31, 2024. The company, incorporated in the British Virgin Islands, is primarily involved in computer processing and data preparation services. The filing details its business operations and financial reporting for the period.

Why It Matters

This filing provides investors and stakeholders with an official overview of Lytus Technologies' performance and operations for the fiscal year 2024, crucial for understanding the company's financial health and strategic direction.

Risk Assessment

Risk Level: medium — As an annual report filing, it provides a snapshot of the company's status, but the inherent risks of the technology and data preparation sector, combined with the company's specific operational details (which require deeper analysis of the full report), contribute to a medium risk level.

Key Numbers

• 2024 — Fiscal Year (The report covers the fiscal year ending March 31, 2024.)
• 0331 — Fiscal Year End Month/Day (Indicates the end of the reporting period.)

Key Players & Entities

• Lytus Technologies Holdings PTV. Ltd. (company) — Registrant
• 0001213900-24-069682 (filing_id) — Accession Number
• March 31, 2024 (date) — Fiscal Year End
• 7374 (sic_code) — Standard Industrial Classification
• 001-41418 (sec_file_number) — Commission File Number

FAQ

Key Financial Figures

• $653,174 — enue and a positive Profit After Tax of $653,174 (3% of revenue), demonstrating our abil
• $3,888,889 — driver of our success. We have secured $3,888,889 against Senior Secured Promissory Notes
• $30,000,000 — eement (Equity Line of Credit) of up to $30,000,000 of the Company's common stock. This rob
• $ — otherwise specified, all references to "$," "USD" and "dollars" mean United State

Filing Documents

• ea0211100-20f_lytustech.htm (20-F) — 2587KB
• ea021110001ex2-1_lytustech.htm (EX-2.1) — 55KB
• ea021110001ex4-51_lytustech.htm (EX-4.51) — 12KB
• ea021110001ex12-1_lytustech.htm (EX-12.1) — 9KB
• ea021110001ex12-2_lytustech.htm (EX-12.2) — 9KB
• ea021110001ex13-1_lytustech.htm (EX-13.1) — 3KB
• ea021110001ex13-2_lytustech.htm (EX-13.2) — 3KB
• ea021110001ex97-1_lytustech.htm (EX-97.1) — 32KB
• image_001.jpg (GRAPHIC) — 11KB
• image_002.jpg (GRAPHIC) — 11KB
• 0001213900-24-069682.txt ( ) — 12744KB
• lyt-20240331.xsd (EX-101.SCH) — 239KB
• lyt-20240331_cal.xml (EX-101.CAL) — 91KB
• lyt-20240331_def.xml (EX-101.DEF) — 620KB
• lyt-20240331_lab.xml (EX-101.LAB) — 1231KB
• lyt-20240331_pre.xml (EX-101.PRE) — 642KB
• ea0211100-20f_lytustech_htm.xml (XML) — 1952KB

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS 1

OFFER STATISTICS AND EXPECTED TIMETABLE

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE 1

KEY INFORMATION

ITEM 3. KEY INFORMATION 2

INFORMATION ON THE COMPANY

ITEM 4. INFORMATION ON THE COMPANY 27

UNRESOLVED STAFF COMMENTS

ITEM 4A. UNRESOLVED STAFF COMMENTS 45

OPERATING AND FINANCIAL REVIEW AND PROSPECTS

ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 45

DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES

ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 63

MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 71

FINANCIAL INFORMATION

ITEM 8. FINANCIAL INFORMATION 73

THE OFFER AND LISTING

ITEM 9. THE OFFER AND LISTING 73

ADDITIONAL INFORMATION

ITEM 10. ADDITIONAL INFORMATION 73

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 93

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 93 PART II

DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES

ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 94

MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS

ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 94

CONTROLS AND PROCEDURES

ITEM 15. CONTROLS AND PROCEDURES 94

RESERVED

ITEM 16. RESERVED 96

AUDIT COMMITTEE FINANCIAL EXPERT

ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 96

CODE OF ETHICS

ITEM 16B. CODE OF ETHICS 96

PRINCIPAL ACCOUNTANT FEES AND SERVICES

ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 97

EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES

ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 97

PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS

ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 97

CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT

ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 97

CORPORATE GOVERNANCE

ITEM 16G. CORPORATE GOVERNANCE 98

MINE SAFETY DISCLOSURE

ITEM 16H. MINE SAFETY DISCLOSURE 98

DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 98

INSIDER TRADING POLICIES

ITEM 16J. INSIDER TRADING POLICIES 98

CYBERSECURITY

ITEM 16K. CYBERSECURITY 98 PART III

FINANCIAL STATEMENTS

ITEM 17. FINANCIAL STATEMENTS F-1

FINANCIAL STATEMENTS

ITEM 18. FINANCIAL STATEMENTS F-1

EXHIBITS

ITEM 19. EXHIBITS 99 EXHIBIT INDEX 99

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS F-1 i LETTER FROM OUR CHAIRMAN AND OUR CEO TO SHAREHOLDERS Dear Shareholders, As we reflect on another remarkable year at Lytus Technologies, I am thrilled to share our progress and achievements, underscoring our unwavering commitment to delivering value to our customers, employees, and shareholders. It has been a year of resilience, innovation, and growth, and I am filled with immense pride as I present this letter, which is not just a reflection of our past, but a beacon lighting the path to a future brimming with potential and promise. Who We Are Lytus Technologies is a forward-thinking platform services entity that nurtures businesses driving cutting-edge technology solutions. Our mission is to build and invest in businesses that address the world's most pressing challenges with creativity and determination. Our focus is not merely on technology but on enhancing human experiences through the thoughtful deployment of innovation. With a strong presence across India and various international markets, our strategic business model encompasses a diverse array of services, including linear audio and video content streaming/telecasting, telemedicine solutions, healthtech, fintech, cloud services, artificial intelligence, cybersecurity, content and digital marketing, among others. As we navigate towards the future, we remain steadfast in our commitment to expanding into pivotal global markets while consolidating our customer base. At the heart of our operations is a deep-seated belief in the transformative power of technology. Our focus is on creating solutions that not only meet the needs of today but also anticipate the demands of tomorrow. We are driven by a passion to innovate, a commitment to excellence, and a determination to make a positive impact on the world. Our New Branding: A Bold Step Forward As we embark on an exciting new chapter at Lytus Technologies, our rebranding initiative reflects our strategic shift towards greate

View Full Filing

View this 20-F filing on SEC EDGAR