Your Directors present their 40^lIj Annual Report along with the Audited Financial
Statements of your Company for the Financial Year ended, 31" March, 2024.

1. Financial Results (Amount in Lacs)

2. DIVIDEND:

In view of nominal profit, your Directors regret their inability to propose any
dividend for the Financial Year ended 31^s1 March, 2024.

3. FINANCIAL PERFORMANCE OF THE COMPANY:

Operating revenue was at Rs. 6.52 Lacs in the Financial Year 2023-24 as compared to
Rs. 15.58 Lacs in Financial Year 2022-23. The decrease in revenue was mainly due to
slack in business opportunities. The Net Loss during the FY 2023-24 is Rs. 16.26
Lacs as compared to loss of Rs. 9.77 Lacs during the last financial year.

4. SHARE CAPITAL:

The paid-up Equity Share Capital of the company as on 31st March, 2024 was
Rs.3,00,66,000 (Rupees Three Crore and Sixty Six Thousand). During the year under
review, the Company has not issued shares with differential voting rights nor granted
stock options nor sweat equity,

5. TRANSFER TO RESERVES:

The Company has not transferred any amount to the General Reserve.

6. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN
EXCHANGE EARNINGS AND OUTGO:

In accordance with the provisions of Section 134 of the Companies Act, 2013 read with
the Companies (Accounts) Rules, 2014, the Conservation of Energy, Technology
Absorption and Foreign Exchange Earnings and Outgo are not applicable to the
Company.

7. CHANGE IN THE NATURE OF BUSINESS, IF ANY:

There has been no change in the nature of business of the Company during the period
under review.

8. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

The same is set out in this Annual report.

9. REVISION OF FINANCIAL STATEMENT OF THE COMPANY/THE REPORT OF THE
BOARD:

The Financial statement of the Company/Directors' Report has not been revised during
the period under review as per Section 131 of the Companies Act, 2013.

10. ANNUAL RETURN:

Pursuant to Section 92(3) of the Companies Amendment Act, 2017; Companies having
a website shall place a copy of the Annual Return (MGT-7) on its website and also give a
web link of the Annual Return in the Board's Report.

The extract of Annual Return Form MGT-9 is available on website of the Company at
www, corporatement ors. in.

11. DEPOSITS:

The Company has not accepted any deposits within the meaning of Section 73(1) of the
Companies Act, 2013 and the Rules made thereunder.

12. THE DETAILS IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS
WITH REFERENCE TO THE FINANCIAL STATEMENTS:

The Company has adequate internal financial controls commensurate with the nature
of its business and size of its operations beside timely statutory audit, limited reviews
and internal audits taking place periodically. The reports of the internal audit along
with comments from the management are placed for review before audit committee.

13. BOARD OF DIRECTORS AND ITS MEETINGS:

The Company's Board comprises of Six Directors having adequate combination of
Executive and Non-Executive Directors of the Company, The Chairman of the Board is
a Non-Executive Director. The number of Non-Executive Independent Directors is 50%
of the total strength of the Board. There is one Woman Director on the Board of the
Company.

The Board of Directors met 6 (Six) times during the Year under review. The intervening
gap between the Meetings was within the period prescribed under the Companies Act,
2013.

14. CHANGES IN DIRECTORS AND KEY MANAGERIAL PERSONNEL:

Mr. S. N. AgarwaL, Director of the Company retires by rotation at the ensuing
Annual General Meeting of the Company and being eligible, offers himself for
re-appointment. Mr. Parminder Singh Kalsi was appointed as Independent
Director w.e.f. 30.07. 2024.The Board recommends their re¬
appointment / ratification.

15.STATEMENT ON DECLARATION GIVEN BY THE INDEPENDENT
DIRECTORS UNDER SECTION 149(6) OF THE COMPANIES ACT, 2013;

The Independent Directors have submitted the declaration of Independence, as
required pursuant to section 149(7) of the Companies Act, 2013, stating that
they meet the criteria find dependence as provided in sub-section (6) and there
has been no change in the circumstances which may affect, their status as
independent director during the year.

16. COMMITTEES OF BOARD;

I. Nomination and Remuneration Committee:

In accordance with the provisions of Section 178 of the Companies Act, 2013
read with rules, the Company has appropriate Nomination and Remuneration
Committee consisting of three Non-executive Directors, all the Directors being
Independent Directors. The Committee acts in accordance with the 'Terms of
Reference’ approved and adopted by the Board from time to time.

The existing Nomination and Remuneration Committee of the Company con¬
sists of three Directors with Independent Directors for mina majority and the
said constitution is in line with the provisions of Section 178 of the Companies
Act, 2013, read with the rules.

The Oomnositinn of the Committee is as under:

Remuneration Policy and Criteria for selection of candidates for appointment as Directors,
Key Managerial Personnel and Senior Management positions.

The Company has in place a policy for remuneration of Directors, Key Manage¬
rial Personnel and Senior Management as well as well-defined criteria for the
selection of candidates for appointment to the said positions which has been
approved by the Board. The Policy broadly lays down the guiding principles,
philosophy and the bas is for payment of remuneration to the executive and
non-executive Directors (byway of sitting fees and commission), Key Manage¬
rial Personnel and Senior Management. The criteria for selection of candidates
for the above positions cover the various factors and attributes which are
considered by the Nomination & Remuneration Committee and the Board of

Directors while making as election of the candidates. The above policy along
with the criteria for selection is available at the website of the Company at
www.corporatementors.in.

II. Audit Committee:

The existing 'Audit Committee' of the Company consists of three Directors with
Independent Directors form in a majority and the said constitution is in line
with the provisions of Section 177 of the Companies Act, 2013, read with the
rules and the Company has re-constituted committee in the Board Meeting
held on 24 ^h July, 2024.The Audit Committee act sonic accordance with the’
Terms of Reference' specified by the Board in writing from time to time.

The Composition of the Committee is as under:

III. Stakeholders Grievance Committee:

The existing Stakeholders Grievance Committee of the Company consists of
three Directors with Independent Directors for mina majority and the said
constitution is in line with the provisions of Section 178 of the Companies Act,
2013, read with the rules and the Company has re-constituted committee in
the Board Meeting held on 24th July, 2024. The Stakeholders Grievance
Committee act sonic accordance with the' Terms of Reference' specified by the
Board in writing from time to time.

The Committee has the mandate to review, redress shareholders¹ grievances
and to approve all share transfers / transmissions.

The Composition of the Committee is as under:

IV. The Vigil Mechanism:

Your Company believes in promoting a fair, transparent, ethical and
professional work environment. The Board of Directors of the Company has
established Whistle Blower Policy &Vigil Mechanism in accordance with the
provisions of the Companies Act, 2013 and for reporting the genuine concerns
or grievances or Concerns of actual or suspected, fraud or violation of the
Company's code of conduct.

The said Mechanism is established for directors and employees to report their
concerns. The policy provides the procedure and other details required to be
known for the purpose of reporting such grievances or concerns, The Audit

Committee oversees the Vigil Mechanism. The same is uploaded on the website
of the Company www.corporatementor s. in

17. RELATED PARTY TRANSACTIONS:

During the year, your company has not entered into any related party
transactions. Thus, disclosure in Form AOC-2 in terms of the Companies Act,
2013 is not. required,

18. ANNUAL EVALUATION BY THE BOARD OF ITS OWN PERFORMANCE AND
THAT OF ITS COMMITTEES AND INDIVIDUAL DIRECTORS:

Pursuant to the provisions of Sections 134(3) (p), 149(8), Schedule IV of the Act
and in accordance with the policy for Performance Evaluation of the Individual
directors, Board and its Committees, which includes criteria for performance
evaluation, as structured questionnaire was prepared after taking in to
consideration the various aspects of the Board s functioning, composition of
the Board and its Committees, effectiveness of Board / Committee processes,
information provided to the Board, etc. On the basis of the said questionnaire,
the Directors have carried out the annual performance evaluation of the Board,
Independent Directors, Executive Directors, Committees and the Chairman of
the Board. A separate meeting of the Independent Directors was also held
during the year for the evaluation of the performance of non- independent
Directors, performance of the Board as a whole and that of the Chairman. The
Board expressed their satisfaction with thee valuate on process.

19. STATUTORY AUDITORS:

M/s H. G. Sarvaiya & Co., Chartered Accountants (Firm Registration No.
115705W), Statutory Auditors of the Company will hold office until the
conclusion of the ensuing Annual General Meeting and are eligible for re¬
appointment as per Section 139 of the Companies Act, 2013, M/s H, G.
Sarvaiya & Co., Chartered Accountants, have expressed their willingness to get
re-appointed as the Statutory Auditors of the company and has furnished a
Certificate of their eligibility and consent under Section 141 of the Companies
Act, 2013 and the rules framed there under. In terms of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, the Auditors

have confirmed that they hold a valid certificate issued by the Peer Review Board
of the ICAI, The board recommends the appointment of M/s H. G. Sarvaiya &
Co,, Chartered Accountants (Firm Registration No, 115705W) as the Statutory
Auditors of the Company. The members are requested to reappoint M/s H. G.
Sarvaiya & Co,, Chartered Accountants (Firm Registration No, 115705W) as
Auditors from the conclusion of the ensuing Annual General Meeting till the
conclusion of the next Annual General Meeting in 2025.

20. SECRETARIAL AUDITOR AND SECRETARIAL AUDIT REPORT:

M/s. MANTHAN NEGANDHI & CO, (Proprietor MANTHAN NEGANDHI) Practic¬
ing Company Secretaries was appointed to conduct Secretarial Audit of the
Company for the financial year 2023-24 as required under section 204 of the
Companies Act, 2013 and the rules there under. The Secretarial Audit report
for the financial year 2023-24 forms part of the annual report.

21. CORPORATE GOVERNANCE

Pursuant to the Regulation 15 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, which is effective from 01st December, 2015,
the Company is not required to comply with provisions of Corporate Gover¬
nance as its paid-up capital is less than Rs.10 Crore and its net worth is also
less than Rs. 25 Crore as on 31st March, 2024.

22. QUALIFICATION, RESERVATION OR ADVERSE REMARKOR DISCLAIMER
MADE BY AUDITORS:

There are no qualifications or adverse remark or disclaimers made by the
Auditors in their reports.

23. MATERIAL CHANGES AFFECTING THE FINANCIAL POSITION OF THE
COMPANY:

No material changes and commitment so there than in the normal course of
business have occurred after the close of the year till the date of this Report,
which affect the financial position of the Company.

24. DETAILS OF HOLDING/ SUBSIDIARY/ JOINT VENTURES/ ASSOCIATE
COMPANIES:

The Company is not a holding, a subsidiaiy or an associate company of any
company and vice versa. The Company does not have any joint ventures.

25. STATEMENT FOR DEVELOPMENT AND IMPLEMENTATION OF RISK
MANAGEMENT POLICY U/S134:

The Board of the Company looked into the element of risk associated with the
company. At present, the Company has not identified any dement to frisk
which may threaten the existence of the Company. As per Regulation 21 of
Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulation, 2015 the top 100 listed entities needs to adopt Risk

Management Policy. Therefore, the Company is not required to adopt Risk
Management Policy.

26. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORK¬
PLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013:

The Company is committed to provide safe and conducive environment to its
employees. The Company has an Internal Complaints Committee (ICC) to red
rests complaints received regarding sexual Harassment. Your Directors fur¬
ther state that during the year under review, there was no case filed pursuant
to the Harassment of Women at Workplace (Prevention, Prohibition and
Redressed) Act,2013.

27. DISCLOSURE AS PER RULE 5 OF THE COMPANIES (APPOINTMENT AND
REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014:

None of the Directors are drawing remuneration. There are only two employees
in the Company i.e. Mr. Krishna Jha (CFO) and Mr. Anis Attar (Company
Secretary). Mr. Krishna Jha is not drawing any salary. Hence there being no
directors drawing remuneration and only one employee drawing salary, it is
not possible to derive ratio of remuneration of each Director to median remu¬
neration of employees for the Financial Year 2023-24 as required under Rule 5
of the Companies (Appointment and Remuneration of Managerial Person
nelJRules, 2014.

28. DETAILS IN RESPECT OF FRAUDS REPORTED BY THE AUDITORS UNDER
SECTION 143(12) OF COMPANIES ACT, 2013:

There are no frauds reported by the Auditor which are required to be disclosed
under Section 143(12) of Companies Act, 2013.

29. PARTICULARS OF LOANS, GUARANTEES AND INVESTMENT BY THE
COMPANY:

Details of loans, guarantees and investments covered under the provisions of
Section 186 of the Companies Act, 2013 have been set the notes to accounts,

30. CORPORATE SOCIAL RESPONSIBILITY POLICY:

During the year under review, the Company has not developed the policy on
Corporate Social Responsibility as the Company does not fall under the pre¬
scribed lasses of Companies mentioned under sectionl35 (l)of the Companies
Act, 2013.

31. MAINTENANCE OF COST RECORDS AS SPECIFIED BY THE CENTRAL
GOVERNMENT UNDERSUB-SECTION 148 OF THE COMPANIES ACT,2013:

The Company is not required to maintain Cost Records as specified by the
Central Government under sub- section (1) of section 148 of the Companies
Art 2013

32. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE
REGULATORS OR COURTS OR TRIBUNAL IMPACTING THE GOINGCON
CERNSTATUS AND THE COMPANY SOPERATIONIN FUTURE:

The Delisting Committee of Bombay Stock Exchange Limited (BSE) had passed
an order against the Company on July 04, 2018 there by delisting the securities
of the Company under SEBI (Delisting of Equity Shares} Regulations, 2009,
However the Order was rescinded on January 23, 2019 pursuant to which the
equity shares of the Company are listed on BSE platform however the trading of
securities is suspended. The Company is in the process of revocation of suspen¬
sion of trading of securities.

The company received in principal approval of revocation of suspension of
trading of securities.

33. DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to sub-section{5) of Section 134 of the Companies Act, 2013 and to the
best of their knowledge and belief and according to the information and
explanations obtained / received from the operating Management, your Direc¬
tors make the following statement and confirm that-

a) in the preparation of the annual accounts, the applicable accounting standards
had been followed along with proper explanation relating to material depar¬
tures;

b) the directors had selected such accounting policies and applied the 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 profit and loss 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 this Act for
safeguarding the assets of the company and for preventing and detecting fraud
and other regularities;

d) the director shad prepared the annual accounts on a going concern basis;

e) the directors had laid down internal financial controls to be followed by the
Company and that such internal financial control sere adequate and were
operating effectively; and

f) the directors had devised proper systems to ensure compliance with the provi¬
sions of all applicable law sand that such systems were adequate and operating
effectively.

34 .ACKNOWLEDGEMENT:

Your Directors place on record their sincere gratitude for the assistance, guid¬
ance and co-operation the Company has received from all stakeholders. The
Board further places on record its appreciation for the dedicated services
rendered by the employees of the Company.

For and on behalf of the Board of Directors

For Olympic Management & Financial Services Limited

Sd/- Sd/-

Pawan Kr Agarwal S. N. Agarwal

Director Whole-time Director

DIN:00556417 DIN:01764628

Place: Mumbai
Date: 13.08.2024

Registered Office:

42, Gopal Bhavan,

199 Princess Street,

Mumbai-400 002