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You can view full text of the latest Director's Report for the company.

BSE: 506947ISIN: INE334N01018INDUSTRY: Chemicals - Inorganic - Others

BSE   ` 131.25   Open: 131.25   Today's Range 131.25
131.25
-6.90 ( -5.26 %) Prev Close: 138.15 52 Week Range 97.60
229.90
Year End :2025-03 

Your Directors are pleased to present 40thAnnual Report and the company’s audited financial
statement for the financial year ended March 31, 2025.

BRIEF DESCRIPTION OF THE COMPANY’S WORKING DURING THE
YEAR/STATE OF COMPANY’S AFFAIRS:

During the year under review, your company managed to achieve consolidated revenue of
Rs.50.34 Crores as against Rs. 35.24 Crores which is increased by 42.85 % as compared to last
year. Net profit after tax increased by 40 % to Rs.30.22 Lacs as compared to Rs. 21.60 Lacs
during the last year.

The entire net profit after tax of Rs. 30.22 lacs is proposed to be transferred to the Statement
of Profit & Loss in the form of Surplus of the Company.

The final product of the Company is used as raw material in many manufacturing industries
like automobile industries, paints, refineries and has evergreen demand. The Company has
continued its effort to tap the export market beside improving the market for its product
domestically also and popularizing its use.

Considering all the factors into consideration, your directors are hopeful to achieve better
performance and achieve target turn over in the current year.

TRASNFER TO RESERVE:

The opening balance of Reserves and Surplus is Rs. 283.51 lacs. Profit of Rs. 30.22 lacs is transferred
to Profit and loss. The Closing Balance of Reserves and Surplus is Rs. 313.73 lacs.

The Company proposed to carry forward Rs. 30.22 Lakhs Profit to Retained earnings of the company.

FINANCIAL SUMMARY:

The company’s financial performance for the year ended March 31, 2025 is summarized below:

The Break-up of Profit is given as follows

31st March, 2025

31st March, 2024

Total Revenue

5034.51

3524.68

Total Expenditure

4987

3493.40

Net Profit Before Taxation

47.51

31.29

Current Tax

10.70

5.71

Short / (Excess) Provision of Income Tax of

4.58

(0.08)

earlier years.

Deferred Tax

2.01

4.05

Net Profit After Taxation

30.22

21.60

WEBLINK OF ANNUAL RETURN: Section 134(3)(a) of Companies Act, 2013

The Company is having website i.e. www.advancepetro.com and Annual return of
Company has been published on such website. Link of the same is given below:
https://www.advancepetro.com/annual-return-mgt7.html

DIVIDEND

The Board of Directors of your company, after considering holistically the relevant
circumstances, has decided that it would be prudent, not to recommend any Dividend for the
financial year under review.

CHANGE IN NATURE OF BUSINESS:

There is no change in the nature of business of the Company during the year.

SHARE CAPITAL:

During the year under review, there was no change in the Company’s issued, subscribed and
paid-up equity share capital. on 31st March, 2025 it stood at Rs. 90,00,000/- divided into
9,00,000 equity Shares of Rs. 10/- each. The Company has neither issued shares with
differential rights as to dividend, voting or otherwise nor issued shares (including sweat equity
shares) to the employees or Directors of the Company, under any Scheme. No disclosure is
required under Section 67(3)(c) of Companies Act, 2013 in respect of voting rights not
exercised directly by the employees of the Company as the provisions of the said Section are
not applicable.

Buy Back of Securities/ Sweat Equity/ Bonus Shares/ Issue of Shares with
Differential Rights:

During the year under review the Company has not bought back any of its securities, nor has
it issued any Sweat Equity or Bonus Shares or Equity Shares with Differential Rights.

Provision of Money by Company for Purchase of its Own Shares by Employees or by
Trustees for the Benefit of Employees:

During the period under review, there were no instances for the company to comply with the
provisions of Section 67 of the Companies Act, 2013.

MATERIAL CHANGES AND COMMITMENTS:

There are no material changes and commitments affecting the financial position of the
Company which have occurred between the end of the financial year of the company to
which the financial statements relate and the date of this report.

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE
REGULATORS, COURTS AND TRIBUNALS:

There are no significant and material orders passed by the regulators or courts or tribunals
impacting the going concern status and company’s operations in future.

SUBSIDIARIES/ JOINT VENTURE/ ASSOCIATE COMPANIES:

As on March 31, 2025, Company has no subsidiary/joint ventures/associate companies. As
there are no subsidiaries/associates/joint ventures companies, no consolidated financial
statements required to be given.

ISO 9001 CERTIFICATION:

Your Directors have pleasure informing you that the company has ISO-9001 certification
from the world renowned institution for its Chemical Division. Your Company is enjoying
coveted and prestigious ISO 9001 Status. Company has successfully met all the stringent and
rigorous revaluation and surveillance measures of UKAS Quality Management.

DIRECTORS’ RESPONSIBILITY STATEMENT:

Pursuant to Section 134(5) of the Companies Act, 2013, the Directors to the best of their
knowledge and ability, confirm in respect of the Audited Annual Accounts for the year ended
31st March, 2025 that:

a. In the preparation of the annual accounts, the applicable accounting standards had been
followed and that there were no material departures;

b. The Directors had, in consultation with the Statutory Auditors, 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 for the
year ended 31st March, 2025 and profit of the Company for that period;

c. The Directors had taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act, 2013 for
safeguarding the assets of the Company and for preventing and detecting fraud and other
irregularities;

d. The Directors had prepared the annual accounts on a going concern basis;

e. The Directors had laid down proper internal financial controls to be followed and that such
internal financial controls were adequate and were operating effectively; and

f. The Directors had devised proper systems to ensure compliance with the provisions of all
applicable laws and that such systems were adequate and operating effectively.

CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES

All related party transactions that were entered into during the financial year ended March 31,
2025, were on an arm’s length basis and were in the ordinary course of business. Therefore,
the provisions of Section 188 of the Companies Act, 2013 were not attracted.

However, there are no materially significant related party transactions during the financial year
made by the Company, thus, disclosure in Form AOC-2 is not required.

However, the disclosure of transactions with related parties for the financial year is given in
Note no. 44 to the Balance Sheet i.e. as per Accounting Standard -18

COST AUDIT AND COST RECORDS:

The Provision of Cost audit and cost records is not applicable to the Company.

CORPORATE GOVERNANCE:

Corporate Governance provisions as stipulated in Chapter IV of Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, is not
applicable to the Company and hence nothing to report thereon.

CORPORATE SOCIAL RESPONSIBILITIES:

As the Company’s net worth, turnover or net profits are below the limit prescribed under
section 135 of the Companies Act 2013 and hence CSR is not applicable to your Company.

RISK MANAGEMENT

Risk Management is the process of identification, assessment and prioritization of risks
followed by coordinated efforts to minimize, monitor and mitigate/control the probability
and/or impact of unfortunate events or to maximize the realization of opportunities. The
Company has laid down a comprehensive Risk Assessment and Minimization Procedure
which is reviewed by the Board from time to time. These procedures are reviewed to ensure
that executive management controls risk through means of a properly defined framework.
The major risks have been identified by the Company and its mitigation process/measures
have been formulated in the areas such as business, project execution, event, financial,
human, environment and statutory compliance.

INSIDER TRADING POLICY:

The Policy provides the framework in dealing with securities of the Company. The Policy was
revised and adopted effective April 01, 2019. The Insider trading policy was amended in line
with SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018. The Key
changes include, inter alia, change in definition of Designated Persons, Maintenance of digital
database, internal controls and policy and procedure for inquiry in case of leak of UPSI.

INTERNAL FINANCIAL CONTROL:

The Company has a good system of internal controls in all spheres of its activity. The internal
control system is supplemented by effective internal audit being carried out by an external
firm of Chartered Accountants. The Audit committee regularly reviews the findings of the
internal auditors and effective steps to implement the suggestion / observation of the
Auditors are taken and monitored regularly. In the opinion of the Board, an effective internal
control system adequate to the size of the Company exists.

COMPLIANCE WITH THE SECRETARIAL STANDARD:

The Company has complied with the applicable Secretarial Standards (as amended from time
to time) on meetings of the Board of Directors and Meeting of Shareholders (EGM/AGM)
i.e. SS-1 and SS-2 issued by The Institute of Company Secretaries of India and approved by
Central Government under section 118(10) of the Companies Act, 2013.

DIRECTORS AND KEY MANAGERIAL PERSONNEL:

During the year there were changes that took place amongst directors.

The Board of Directors of the company has various Executive and Non-Executive
Directors including Independent Directors who have wide experience in different
disciplines of corporate functioning.

Pursuant to the provisions of Section 152(6) of the Companies Act, 2013, Ms. Aanchal
Goenka ((DIN 07145448) retires by rotation at the ensuing Annual General Meeting
and being eligible, offers herself for re-appointment. Your directors recommend her
re-appointment.

In the Financial Year 2024-25, Board of Directors has appointed Mr. Harshil B
Vadodariya in place of Mr. Nirish Parikh as Director in the category of Non-Executive
Independent Director of the company w.e.f. 13th August, 2024.

Brief details of Director proposed to be re-appointed as required under regulation 36
of the SEBI Listing Regulations are provided in the Notice of Annual General
meeting.

All Independent Directors have given declarations that they meet the criteria of
Independence as laid down under Section 149(6) of the Companies Act, 2013 and
Regulation 25 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015. The terms and conditions of the Independent Directors are
incorporated on the website of the Company
www.advancepetro.com
Note: Mr. Akshat Shukla [Independent Director) is yet to undergo online proficiency
self-assessment test within the time prescribed by the IICA.

Appointment of Company Secretary and Compliance Officer

Mrs. Gurpreetkaur Bhautikkumar Munjani, a member of the Institute of Company Secretaries
of India (ICSI) has been appointed as Company Secretary and Compliance Officer of the
Company at the meeting of Board of Directors held on January 31, 2025.

Cessation of Company Secretary and Compliance Officer

Mr. Mohit Asawa has resigned and thus ceases to be Company Secretary and Compliance
Officer of the Company w.e.f. January 21, 2025. The Board places on record its sincere
appreciation for the valuable services rendered by him during his tenure.

COMPOSITION OF BOARD OF DIRECTORS AND ITS COMMITTEES:
Composition of Board

The Board of Directors has an optimum combination of Executive and Non-Executive
Directors and Independent directors in accordance with the provisions of the Act. The
composition of the Board of Directors of the company as on 31st March, 2025 is as under:

Sl.

No.

Name

Designation

Executive/

Non-Executive

1.

Mr. Arvind Goenka

N on-Indep endent

Non-Executive

2.

Mr. Pulkit Goenka

Managing Director and
Chairman

Executive

3.

Mrs. Aanchal Goenka

N on-Indep endent

Non-Executive

4.

*Mr. Nirish Parikh

Independent Director

Non-Executive

5.

Mr. Akshat Shukla

Independent Director

Non-Executive

6.

Mrs. Palak Tapas Relia

Non Independent

Non-Executive

7.

*Mr. Harshil Vadodariya

Non Independent

Non-Executive

*Mr. Nirish Parikh has resigned as a Non-Executive Independent Director w.e.f. 13/08/2024 and Mr.
Harshil Vadodariya is appointed as a Non-Executive Independent Director in place of Mr. Nirish
Parikh.

None of the Directors hold office in more than 20 companies and in more than 10 public companies
as prescribed under Section 165(1) of the Act. No Director holds Directorships in more than 7 listed
companies. Further, none of the Non-Executive Directors serve as Independent Director in more
than 7 listed companies as required under the Listing Regulations. The Managing Director does not
serve as an Independent Director in any listed company.

09(Nine) Board meetings were held during the year in accordance with the provisions of the Act
where due quorum were present in each meeting. The Agenda of the board meeting and notes of the
agenda are circulated to the directors well in advance. The members of the board discussed each and
every item of the agendas freely in detail. Dates of Board Meeting and No. of directors attending
meeting are:

Sr. No

Date of meeting

No. of Directors present

1

24/05/2024

6

2

27/06/2024

6

3

13/08/2024

6

4

30/08/2024

6

5

08/10/2024

6

6

12/11/2024

6

7

31/01/2025

6

8

13/02/2025

6

9

19/03/2025

6

AUDIT COMMITTEE:

The company has an Audit Committee. The Composition of Committee is as under:

Sl.

No.

Name of Members

Member/Chairman

No. of

Meeting

entitled

Number of

meeting

Attended

01

Mr. Nirish Parikh (upto
13.08. 2024)

Chairman

2

2

02

Mr. Harshil B Vadodariya
(w.e.f. 13.08. 2024)

Chairman

2

2

03

Mr. Akshat Arunbhai Shukla

Member

4

4

04

Mr. Arvind Goenka

Member

4

4

The composition of committee inter alia meets with the requirement of Section 177 of the Companies
Act, 2013. During the year under review, the audit committee met 4 times on 24.05.2024, 13.08.2024,
12.11.2024, and 13.02.2025. Requisite quorum was present during the meetings.

FUNCTIONS AND POWERS OF AUDIT COMMITTEE:

The Committee shall have discussions with the auditors periodically about internal control
systems, the scope of audit including observation of the auditors and review of financial
statement before their submission to the Board and discuss any related issue with internal and
statutory auditors and the management of the company.

In discharging the function of the Audit Committee, the committee shall have the authority to
investigate into any matter in relating to any terms specified in Section 177 or referred to it by
the Board and duties, authority and powers referred to SEBI (Listing Obligations and
Disclosure Requirements) Regulations 2015.

RESPONSIBILITY OF THE COMMITTEE:

The Committee may assign any matter of importance nature relating to the accounts, finance,
taxation, inspection and investigation from time to tome and may require submitting a report
to the Board on such matters within the stipulated time.

The committee on any matter relating to financial management including audit report shall
submit a report to the Board from time to time.

The Board has accepted all the recommendation made by the Audit Committee.

NOMINATION AND REMUNERATION COMMITTEE:

The Company has Nomination and Remuneration Committee: The Composition of
Committee is in accordance with the Companies Act, 2013. Members of the Committee are as
under:

Sl.

No.

Name of Members

Member/Chairman

No. of

Meeting

entitled

Number

of

meeting

Attended

01

Mr. Nirish Parikh (upto 13.08.
2024)

Chairman

1

1

02

Mr. Harshil B Vadodariya (w.e.f.
13.08. 2024)

Chairman

1

1

03

Mr. Akshat Arunbhai Shukla

Member

2

2

04

Mr. Arvind Goenka

Member

2

2

During the year, 2 (Two) meetings of the Nomination and Remuneration Committee were
held i.e. on 13.08.2024 and 31.01.2025 during the Financial year 2024-25. Requisite quorum
was present during the meetings.

The Committee shall have at least the following basic responsibilities:

• To identify persons who are qualified to become directors and who may be appointed
in senior management in accordance with the criteria laid down, recommend to the
Board their appointment and removal and shall carry out evaluation of every
director’s performance.

• To formulate and review criteria that must be followed for determining qualification
for determining qualifications, positive attributes and independence of director.

• To recommend the Board a policy relating to the remuneration for the directors, key
managerial personnel and other employees and to ensure compliance with the
remuneration policy set forth by the Company.

• To propose to the Board the members that must form part of the Committee.

• To report on the systems and on the amount of the annual remuneration of directors
and senior management.

STAKEHOLDERS RELATIONSHIP COMMITTEE

The Committee has Investor Grievance Committee as Stakeholders Relationship Committee.
The composition of the Committee is in accordance with the Companies Act, 2013. The
Composition of the Committee is as under:

Sl.

No.

Name of Members

Member/Chairman

No. of

Meeting

entitled

Number

of

Meeting

Attended

01

Mr. Arvind Goenka

Chairman

2

2

02

Mr. Akshat Arunbhai Shukla

Member

2

2

04

Mr. Harshil B Vadodariya (w.e.f.
13.08. 2024)

Member

2

2

During the Financial year, 2 (Two) meetings of the Stakeholder Relationship Committee were
held i.e. on 30.08.2024 and 08.10.2024 during the financial year 2024-25. Requisite quorum
was present during the meetings.

Basic Responsibilities of the Committee:

• Considering and resolving the grievance of shareholders of the Company with respect
to transfer of shares, non-receipt of annual report etc.

• Ensuring expeditious share transfer process in line with the proceedings of the Share
Transfer Committee.

• Evaluating performance and service standards of the Registrar & Share Transfer
Agent of the Company.

• Providing guidance and making recommendation to improve service levels for
investors.

Details of the Meeting and its attendance are given as under:

Board

Meeting

Audit

Committee

Nomination &

Remuneration

Committee

Stakeholders

Relationship

Committee

No. of Meetings held

9

4

2

2

Attendance

Mr. Nirish Parikh (upto13.08.
2024)

2

2

1

0

Mr. Pulkit Goenka

9

-

-

-

Mr. ArvindGoenka

9

4

2

2

Ms. AanchalGoenka

9

-

-

-

Mr. Akshat Arunbhai Shukla

9

4

2

2

Ms. Palak Relia

9

-

-

-

Mr. Harshil B Vadodariya (w.e.f.
13.08. 2024)

7

2

1

2

FORMAL ANNUAL EVALUATION OF THE PERFORMANCE OF THE
BOARD, ITS COMMITTEES AND INDIVIDUAL DIRECTORS:

Pursuant to the provisions of the Companies Act, 2013, the Board has carried out an annual
performance evaluation of its own performance, the directors individually as well as the
evaluation of the working of its Audit, Nomination & Remuneration and Stakeholders
Relationship Committee.

Various aspects of the Board’s functioning were evaluated such as adequacy of the
composition of the Board and its Committees, Board culture, execution and performance of
specific duties, obligations and governance.

A separate exercise was carried out to evaluate the performance of individual Directors
including the Chairman of the Board, who were evaluated on parameters such as level of
engagement and contribution, Independence of judgment, safeguarding the interest of the
Company and its minority shareholders etc. The performance evaluation of the Independent
Directors was carried out by the entire Board. The performance evaluation of the Chairman
and the Non-Independent Directors was carried out by the Independent Directors. The
Directors expressed their satisfaction with the evaluation process.

DECLARATION BY INDEPENDENT DIRECTORS:

The Company has received necessary declarations from all Independent Directors of the
Company in accordance with the provisions of Section 149(7) of the Companies Act, 2013
confirming that they meet the criteria of independence as prescribed under Section 149(6) of
the Companies Act, 2013.

Note: All Independent Directors of the company are registered with the Indian Institute of
Corporate Affairs, Manesar, Gurgaon as notified by the Central Government under Section
150(1) of the Companies Act, 2013
But Mr. Akshat Shukla (Independent Director) is yet to
undergo online proficiency self-assessment test within the time prescribed by the IICA.

DISCLOSURE UNDER SECTION 164(2) OF THE COMPANIES ACT, 2013:

The Company has received the disclosure in Form DIR - 8 from its Directors being
appointed or re-appointed and has noted that none of the Directors are disqualified under
Section 164(2) of the Companies Act, 2013 read with Rule 14(1) of Companies (Appointment
and Qualification of Directors) Rules, 2014.

REMUNERATION TO DIRECTORS:

The remuneration paid to Directors, Non-Executive Directors and Independent Directors are
disclosed in the Extract to the Annual Return i.e. MGT — 9 as available on the website of the
company at
www.advancepetro.com

VIGIL MECHANISM

Pursuant to the provisions of section 177(9) of the Companies Act, 2013 read with Rule 7 of
the Companies (Meeting of Board and it powers) Rules, 2014, the Company has adopted
Whistle Blower Policy/Vigil Mechanism for directors and employees to report concerns
about unethical behavior, actual or suspected fraud or violation of the Code of Conduct. It
also provides for adequate safeguards against victimization of directors /employees who avail
of the Mechanism.

The Company affirms denied access to the Audit Committee. To ensure proper functioning
of vigil mechanism the Audit Committee of the Company on quarterly basis take note of the
same.

Company has vigil mechanism in force to deal with instances of fraud and mismanagement if
any. The mechanism ensures that strict confidentiality is maintained whilst dealing with the
concern and also that no discrimination will be meted to any person for a genuinely raised
concern. The Chairman of the Audit Committee may also be contacted by employees to
report any suspected or concerned incident of fraud / misconduct.

The detail of the Policy has been posted on the website of the Company.

EMPLOYEE STOCK OPTION ETC:

During the year there are no issue of equity shares with differential rights, no issue of sweat
equity shares, no issue of employee stock options and no provision of money by company for
purchase of its own shares by employees or by trustees for the benefit of the employees, the
details required to be given under various rules issued under the Companies Act 2013 is
NIL.

SECRETARIAL AUDITOR:

Pursuant to the provisions of Section 204 of the Companies Act 2013 and rules made
thereunder; the company had appointed M/s. Patawari & Associates, Company Secretaries
to undertake the Secretarial Audit of the Company for the financial Year ended March 31,
2025. The secretarial Report has been annexed as ‘
Annexure — B’ to the Directors’ Report.

Towards the SEBI circular on 100% ofpromoters holding in demat form, the company has only 7.61% of
promoter’s holding in dematform.

Reply: Your directors submit that some of the promoters are in active promoter and
two are of death case. For others, promoters are in touch with the R & T of the
Company for issue of consolidated /duplicate share certificate. The shares of the
company are being demat on the receipt of the consolidated Share Certificate basis
and the same is under process.

AUDITORS AND AUDITORS REPORT:

As per the provisions of Section 139, 141 of the Companies Act, 2013 and rules made
thereunder (hereinafter referred to as “The Act”), the Company at its 35th Annual General
Meeting(‘AGM”) held on 30th December, 2020 approved the appointment of M/s. Suresh R.
Shah & Associates Chartered Accountants (Firm Registration Number: 110691W) as
Statutory Auditor for a period of 5 years commencing from the conclusion of 35th AGM till
the conclusion of the 40th AGM to be held in this year.

There is no qualification or adverse remarks made by the auditors in their report.

At the 40th Annual General Meeting of the Company for the year ended on 31st March, 2025
M/s. Suresh R. Shah & Associates, Chartered Accountants (Firm Registration No.110691W)
be and are hereby reappointed as Auditors of the Company for a 2N Term of 5 (five)
consecutive years from the conclusion of ensuing Annual General Meeting till the conclusion
of the 45
th Annual General Meeting to be held in 2030, at such remuneration as may be fixed

by the Board of Directors in consultation with Audit Committee and the said Auditors. In
terms of MCA notification ratification is not required at each annual general meeting.

There is no qualification or adverse remarks made by the auditors in their report.

DETAILS IN RESPECT OF FRAUD

During the year under review, the Statutory Auditor in their report have not reported
any instances of frauds committed in the Company by its Officers or Employees under
section 143(12) of the Companies Act, 2013.

INTERNAL AUDITORS:

The Board of Directors has re-appointed Tibrewal Bhagat & Associates, Chartered
Accountants, (M.No. 125173) as Internal Auditors of the Company. The Audit Committee of
the Board of Directors in consultation with the Internal Auditors formulates the scope,
functioning periodicity and methodology for conducting the internal audit.

PREVENTION OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE
[“POSH”]:

The Company has adopted a policy for prevention of sexual harassment at the workplace, in
line with the requirements of the Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013 (“POSH Act”). An Internal Complaints Committee
(“ICC”) has been duly constituted as per the provisions of the POSH Act to redress
complaints regarding sexual harassment at the workplace.

Pursuant to Section 134(3)(q) of the Companies Act, 2013 read with Rule 8(5)(x) of
Companies (Accounts) Rules,2014, no case has been reported during the year under review.

PARTICULARS OF LOANS, GUARANTEE, INVESTMENTS AND SECURITY:

Particulars of investment made, loans given etc are given in the financial statement (Please
refer to Note 6 and 7 to financial statement. The Company has not provided any guarantee
for the loans availed by others. The Company has not provided any security for the loans
availed by others.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTIONS AND
FOREIGN EXCHANGE EARNINGS AND OUTGO ARE AS FOLLOWS:

Our industry is not heavy consumer of energy, further during the year under review the
company made efforts to conserve energy through reduction consumption, the company will
continue to endeavor of conserve energy and use it more efficiently. Particulars of Energy
conservation and its use is given below:

Particulars

2024 - 2025

2023 - 2024

Electricity Purchase- Unit

654932

729149

Total Amount (Rs.)

6882538.74

7446038.92

Rate per unit (Rs.)

10.51

10.21

Company is having its own research & development facilities. The process of development is
a continuous process resulting in development of new & import substitute products.
Company is taking all appropriate measures to absolve the technology in its area of operation.

Particulars of Foreign exchange earnings and outgo is provided in the notes to the
accounts. Members are requested to refer the same.

PARTICULARS OF EMPLOYEES AND OTHER RELATED DISCLOSURES:

The Company has no employee drawing the remuneration of One Crore and two Lakh
rupees or more or if employed for the part of the financial year was in receipt of
remuneration of Eight lakh fifty thousand Rupees or more per month.

However the information required pursuant to Section 197read with Rule, 5(1) of The
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 in respect
of employees of the Company, is provided in
Annexure C to the report.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

As required by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
with the Stock Exchange, the Management Discussion and Analysis report form part of the
Annual Report and is annexed herewith as
Annexure D.

REMUNERATION POLICY

The company’s policy relating to appointment of directors, payment of managerial
remuneration, directors’ qualifications, positive attributes, independence of directors and
other related matters as provided under Section 178(3) of the Companies Act, 2013 is
furnished in
Annexure — E and is attached to this report.

DEPOSITS:

Your Company has not accepted any deposits which fall under Chapter V and Section 73 to
Section 76 of the Companies Act, 2013.

DETAILS OF APPLICATIONS MADE OR PROCEEDING PENDING UNDER
THE INSOLVENCY AND BANKRUPTCY CODE 2016:

During the year under review, there were no applications made or proceedings pending under
the Insolvency And Bankruptcy Code, 2016.

DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE
TIME SETTLEMENT AND VALUATION WHILE AVAILING LOAN FROM
BANKS AND FINANCIAL INSTITUTIONS:

The Company has not made any one-time settlement for loans taken from the Banks or
Financial Institutions, and hence the 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 is not applicable.

MATERNITY BENEFIT:

The Company affirms that it has duly complied with all provisions of the Maternity Benefit
Act, 1961, and has extended all statutory benefits to eligible women employees during the
year.

GENERAL SHAREHOLDER INFORMATION

40th Annual General Meeting

Venue

Plot No. 167, Pirana Road, Village: Piplej,
Ahmedabad

Date

September 30, 2025

Time

02:00 P.M.

Book Closure

From 24.09.2025 to 30.09.2025 (both days
inclusive)

LISTING OF SHARES:

Your Company is currently listed with BSE Ltd. The company has paid listing fees for the
year 2024-2025.

ISIN of the Company: INE334N01018

REGISTRAR AND SHARE TRANSFER AGENTS: (R & T) & SHARE TRANSFER
SYSTEM

The company has appointed M/s. Bigshare Services Private Limited, A-802, Samudra
Complex, off C G Road, Navrangpura, Near Girish Cold Drinks Ahmedabad 380009, Gujarat
India.as Registrar and Transfer Agents for electronics shares. The average time taken in
transfer of shares is 15 days provided documents are correct and valid in all respect. The
depositories directly transfer the dematerialized shares to the beneficiaries.

ACKNOWLEDGMENT:

Your Directors wish to place on record their deep sense of gratitude to Banks for their
continued support and cooperation. Our sincere thanks are also due to our esteemed
customers, suppliers and finally to employees of the Company for their untiring efforts and
commitment to their duties.

By Order of the Board of Directors
ADVANCE PETROCHEMICALS LIMITED

Date: 13/08/2025 PULKIT GOENKA

Place: Ahmedabad Chairman & Managing Director

DIN No. 00177230