Your Directors present you the 31^stAnnual Report of your Company and the Audited Financial
Statements for the financial year ended 31^stMarch, 2025.

1. FINANCIAL SUMMARY

Financial Summary and performance Highlights of your Company, for the financial year ended
31^stMarch, 2025 are as follows:

Financial Highlights: (In 000’)

2. RESULTS OF OPERATIONS

The Company has not generated any revenue for the financial year 2024-25. The Net Loss after
tax stood for F.Y. 2024-25 at Rs. 66,32,800/- (Rupees Sixty-Six Lakhs Thirty-Two Thousand
and Eight Hundred Only) as against Net Loss after tax Rs. 16,25,930/- (Rupees Sixteen
Lakhs Twenty-Five Thousand Nine Hundred and Thirty Only) in the previous year.

3. DIVIDEND AND TRANSFER TO RESERVES

The Company has suffered loss in the year 2024-25 hence it is not in the position to
recommend any dividend and there has been no transfer to General Reserve for the period
ended March 31, 2025.

4. CAPITAL STRUCTURE
Authorised Share Capital

The Authorised Share Capital of the Company as at March 31, 2025 was Rs. 10, 00, 00,000/-
(Rupees Ten Crore Only)

Paid up Share Capital

The Paid-up share capital as at March 31, 2025 stands at Rs. 9,16,09,000/- (Rupees Nine Crore
Sixteen Lakhs Nine Thousand Only) comprising of 91,60,900 equity shares of Rs. 10/- each
fully paid up.

5. CHANGE IN THE NATURE OF BUSINESS

During the year, there was no change in the nature of business of the Company.

6. MATERIAL CHANGES AND COMMITMENT

Following material changes and commitments affecting the financial position of the company
and occurring between the date of balance sheet and the date of report. Hence the report
containing followed material changes pertaining to the post -financial statement event
impacting the operations and performance of the company.

• Mr. Amit Kumar resigned from the post of Company Secretary & Compliance Officer of
the Company with effect from April 11, 2025.

• Mr. Monendra Srivastava has been resigned from the post of Managing Director and CFO
of the Company with effect from July 10, 2025.

• Mrs. Deepali Mahapatra appointed as the Company Secretary and Compliance Officer of
the Company with effect from July 10, 2025.

• Mrs. Anubha Chauhan has been appointed as an addition Director (Independent) on the
board of the Company with effect from July 10, 2025.

7. PARTICULARS OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
APPOINTED OR RESIGNED DURING THE FINANCIAL YEAR ENDED MARCH 31,
2025.

Appointment, Re-appointment and Resignation of Directors & Key Managerial
Personnel¬
> Mrs. Deepali Mahapatra appointed as Company secretary and Compliance Officer w.e.f:
10.07.2025

> ¹Mr. Monendra Srivastava resigned from the post of Managing Director and Chief Financial
Officer of the Company with effect from July 10, 2025.

> Mrs. Anubha Chauhan appointed as an Independent Director of the company on the Board of
the Company with effect from July 10, 2025.

> Mr. Amit Kumar resigned from the post of Company Secretary and Compliance Officer of the
Company with effect from April 11, 2025.

> Mr. Umaid Raj Tater has been resigned from the post of Directorship with effect from May 28,
2024.

> Mr. Suresh Kumar Sharma resigned from the post of Directorship from the post of Directorship
of the Company with effect from May 28, 2025.

8. ANNUAL RETURN

The Annual Return pursuant to the provisions of Section 92(3) of The Companies Act, 2013
read with Rule 12 of the Companies (Management and administration) Rules, 2014 shall be
published on the website of the company at www.aceedutrend.co.in.

9. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER
SECTION 186 OF THE COMPANIES ACT, 2013

There were no loans, guarantees or investments made by the Company under Section 186 of
the Companies Act, 2013 during the year under review and hence the said provision is not
applicable.

10. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED
PARTIES REFERRED TO IN SECTION 188(1) OF THE COMPANIES ACT, 2013.

During the year under review, the Company has not entered into any contracts or arrangements
with related parties as referred to in Section 188(1) of the Companies Act, 2013. Accordingly,
there are no transactions with Promoters, Directors, Key Managerial Personnel or other related
parties that could have had a potential conflict with the interests of the Company at large.

Hence, the disclosure in Form AOC-2 is not applicable and has not been annexed.

11. NUMBER OF BOARD MEETINGS CONDUCTED DURING THE YEAR UNDER
REVIEW

There were four meetings of the Board held during the year:

The gap between any two meetings has been less than one hundred and twenty days in all

meetings.

12. DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Companies Act 2013, the Directors hereby confirm that:

• in the preparation of the annual accounts for the year ended 31^stMarch, 2025, the applicable
accounting standards read with requirements set out under Schedule III to the Act, have
been followed along with proper explanation relating to material departures;

• they have 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 as at 31^st March, 2025and of the profit and loss of the
company for that period;

• they have 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 irregularities; ¹

• they have laid down internal financial controls to be followed by the company and that such
internal financial controls are adequate and were operating effectively; and

• They have devised proper systems to ensure compliance with the provisions of all
applicable laws and that such systems were adequate and operating effectively.

13. STATUTORY AUDITOR

M/s Asha & Associates, Chartered Accountants (Firm Registration No. 000369N), were
appointment as the statutory auditors of the Company based on their consent and certificate
furnished by them in terms of Section 141 of the Companies Act, 2013, up to the conclusion of
Annual General Meeting to be held in the year 2027.

The requirement for the annual ratification of the auditor’s appointment at the AGM has been
omitted pursuant to Companies(amendment) Act, 2017 notified on May 7, 2018.

14. SECRETARIAL AUDITOR

Pursuant to Section 204 of the Companies Act, 2013, the Company appointed M/s Chandan
Jha& Associates, a Practicing Company Secretary as its Secretarial Auditor to conduct the
Secretarial Audit of the Company for FY 2024-25. The Report of Secretarial Auditor (Form
MR-3) for the FY 2024-25is annexed to the report as Annexure-1.

15. INTERNAL AUDITOR

The Company has appointed M/s Chandni Singla & Associates, Chartered Accountants as
internal auditors of the company pursuant to section 138 of the Companies Act, 2013
read with Rule 13 of Companies (Accounts) Rules, 2014.

16. COMMENTS BY THE BOARD ON AUDIT QUALIFICATION

There were no qualifications, reservations or adverse remarks made by the Statutory Auditor in
their audit report.

However, the following qualification mentioned by the secretarial auditor in the Secretarial
Audit Report:

17. RISK MANAGEMENT POLICY

Your Directors have adopted a Risk Management Policy for the Company. The Audit
Committee and the Board of Directors of the Company review the risks, if any involved in the
Company from time to time, and take appropriate measures to minimize the same. The Audit

Committee ensures that the Policy for Risk Management is adopted across the Company in an
inclusive manner.

18. ORDERS PASSED BY THE REGULATORS OR COURTS, IF ANY

No significant and material orders were passed by the Regulators, Courts or Tribunals
impacting the going concern status and Company's operations in future.

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

The Company's internal control systems are supplemented by an extensive programme of
internal audit by an independent professional agency and periodically reviewed by the Audit
Committee and Board of Directors. The internal control system is designed to ensure that all
financial and other records are reliable for preparing financial statements, other data and for
maintaining accountability of assets.

20. DECLARATION BY INDEPENDENT DIRECTORS

The Independent Directors have submitted their disclosures to the Board that they fulfill all the
requirements as stipulated in Section 149(6) of the Companies Act, 2013 and Regulation 16 of
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 so as to qualify
themselves to be appointed as Independent Directors under the provisions of the Companies
Act, 2013 and the relevant rules.

21. COMPANY’S POLICY RELATING TO DIRECTORS APPOINTMENT, PAYMENT
OF REMUNERATION AND DISCHARGE OF THEIR DUTIES

The Company has adopted a Nomination and Remuneration Policy on Directors' Appointment
and Remuneration including criteria for determining qualifications, positive attributes,
independence of a director and other matters as provided under Section 178(3) of the
Companies Act, 2013. The Policy is enclosed as a part of this report in compliance with
Section 134(3) of the Companies Act, 2013 as Annexure-4.

22. COMPOSITION DETAILS & NUMBER OF BOARD MEETINGS AND COMMITTEE
MEETINGS CONDUCTED DURING THE YEAR

The composition of Board of Directors is following Regulation 17 of the Listing Regulations
as well as the Companies Act, 2013 read with the Rules issued thereunder. The Company have
optimum composition of Executive and Non-Executive Directors as on 31^stMarch, 2025.

On an annual basis, the Company obtains from each Director details of the Board and Board
Committee position she / he occupies in other Companies and changes, if any, regarding their
Directorships. In addition, the Independent Directors provide an annual confirmation that they
meet the criteria of independence as defined under Section 149(6) on an annual basis under the
Companies Act, 2013.

The maximum tenure of Independent Directors is up to five consecutive years from the date of
their appointment. However, they can be re-appointed for another term of five consecutive
years from the date of their re-appointment.

Mrs. Himani Sharma (DIN: 08299061), director of the Company will retire at the ensuing
Annual General Meeting and being eligible has offered herself for re-appointment. The Board
recommends her re-appointment.

The Board of Directors along with its committees provides effective leadership and strategic
guidance to the Company’s management while discharging its fiduciary responsibilities,
thereby ensuring that the management adheres to high standards of ethics, transparency and
disclosures.

Meetings of the Board

The Company has held such minimum number of Board in Calendar Year with maximum
interval of 120 days between any two consecutive board meetings which is following the
provisions of the Companies Act, 2013 (the ‘Act’), Secretarial Standand-1 and Listing
Regulations.

Composition of the Board of Directors as on March 31, 2025 and attendance in Board
Meeting held during the year

RELATIONSHIP BETWEEN DIRECTORS

Mr. Monendra Srivastava and Mrs. Himani Sharma are related as husband and wife. No other
Director is related to any other Director.

INDEPENDENT DIRECTORS’ MEETING

Independent Directors meet time to time without the attendance of Non-Independent Directors
and members of the management of the Company inter alia, evaluated performance of the
Non-Independent Directors, Chairman of the Company and the Board of Directors as a whole.
They also assessed the quality, content and timeliness of flow of information between the

Management and the Board that is necessary for the Board to effectively and reasonably
perform its duties.

Familiarization Programme for Independent Directors

The Company has in place a structured induction and familiarization program for the
Independent Directors. The Company familiarizes its Independent Directors with the
Company’s corporate profile, its Vision and Values Statement, organizational structure, the
Company’s history and milestones, latest Annual Report, Code of Conduct applicable to
Directors/Senior Management employees of the Company Code of Conduct for Prevention of
Insider Trading and other applicable codes along with the Sustainability Reports of the
Company. They are also updated on all business-related issues and new initiatives.

At the time of appointment, an appointment letter setting out the role, duties & responsibilities,
details regarding remuneration, performance evaluation process, among others, is given to the
Directors. The Directors are also explained in detail the compliances
required from them under the Act, Listing Regulations and other relevant regulations and
their individual affirmations are taken with respect to the same.

Brief details of the familiarization program are uploaded and can be accessed on the
Company’s website. www. aceedutrend.co.in

COMMITTEES OF THE BOARD

To focus effectively on the issues and ensure expedient resolution of diverse matters, the Board
has constituted several Committees of Directors with specific terms of reference. The
Committees operate as empowered agents of the Board as per their terms of reference that set
forth the purposes, goals and responsibilities. Committee members are appointed by the Board
with the consent of individual Directors. The Committees meet as often as required or as
statutorily required.

Committees that are constituted voluntarily for effective governance of the affairs of the
Company may also include Company executives.

(i) Details of the committees of the Board as on March 31, 2025.

AUDIT COMMITTEE

The composition of the Audit Committee is in alignment with provisions of Section 177 of the
Companies Act, 2013 read with the Rules issued there under and Regulation 18 of the Listing
Regulations. The members of the Audit Committee are financially literate and have experience
in financial management. The Committee through regular interaction with external and internal
auditors and review of financial statements ensures that the interests of stakeholders are
properly protected.

(i) Terms of reference

The Audit Committee functions according to its terms of reference that define its composition,
authority, responsibility and reporting functions in accordance with the provisions of the
Companies Act and Regulation 18 of Listing Regulations which, inter-alia, currently include
the following:

1. Oversight of the Company’s financial reporting process and the disclosure of its financial
information to ensure that the financial statement is correct, sufficient and credible;

2. Recommendation for appointment, remuneration, terms of appointment of auditor of the
Company;

3. Approval of payment to statutory auditors for any other permitted services rendered by the
statutory auditors;

4. Reviewing and examining, with the management, the annual financial statements before
submission to the Board for approval, with particular reference to:

a) Matters required to be included in the Director’s Responsibility Statement to be included in

the Board’s Report.

b) Changes, if any, in accounting policies and practices and reasons for the same.

c) Major accounting entries involving estimates based on the exercise of judgment by

management.

d) Significant adjustments made in the financial statements arising out of audit findings.

e) Compliance with listing and other legal requirements relating to financial statements.

f) Disclosure of any related party transactions.

g) Draft Auditors’ report including qualifications, if any

5. Reviewing, with the management, the quarterly financial statements before submission to
the Board for approval;

6. Reviewing and monitoring, with the management, the statement of uses/ application of
funds raised through an issue/ public offers (public issue, rights issue, preferential issue, etc.),
the statement of funds utilized for purposes other than those stated in the offer document/
prospectus/ notice and the report submitted by the monitoring agency monitoring the utilization
of proceeds of a public or rights issue, and making appropriate recommendations to the Board
to take up steps in this matter;

7. Reviewing and monitoring with the management, independence and performance of
statutory and internal auditors, adequacy of the internal control systems, and effectiveness of
the audit processes;

8. Reviewing the adequacy of internal audit function, if any, including the structure of the
internal audit department, staffing and seniority of the official heading the department,
reporting structure, coverage and frequency of internal audit;

9. Discussion with internal auditors of any significant findings and follow up thereon;

10. Reviewing the findings of any internal investigations by internal auditors into matters
where there is suspected fraud or irregularity or a failure of internal control systems of a
material nature and reporting the matter to the Board;

11. Discussion with Statutory Auditors before the audit commences, about the nature and
scope of audit as well as post-audit discussion to ascertain any area of concern;

12. To look into the reasons for substantial defaults in the payment to the depositors,
debenture holders, shareholders (in case of nonpayment of declared dividends) and creditors;

13. To ensure establishment of and to review the functioning of the Whistle Blower
Policy (Vigil Mechanism);

14. Approval of appointment of CFO (i.e., the whole- time Finance Director or any other
person heading the finance function or discharging that function) after assessing the
qualifications experience &background, etc. of the candidate;

15. Approval or any subsequent modification of transactions of the Company with related
parties;

16. Scrutiny of inter-corporate loans and investments;

17. Valuation of undertakings or assets of the Company, wherever it is necessary;

18. Evaluation of internal financial controls and risk management system;

19. Review of Management discussion and analysis of financial condition and results of
operations;

20. Review of Management letters / letters of internal control weaknesses issued by the
statutory auditors;

21. Review of Internal audit reports relating to internal control weaknesses;

22. Review of Financial statement, in particular, investments made by the subsidiary
company(s);

23. Review of appointment, removal and terms of reference of Chief Internal Auditor;

24. Recommend appointment and remuneration of Cost Auditors;

25. Any other role as prescribed by the Companies Act, 2013 and the Listing Regulations.

(ii) Meetings

Audit Committee meets at least four times in a year with a gap of not more than four months
between two meetings. During the year the Committee met four times i.e. on 28.05.2024,
07.08.2024, 12.11.2024, and 31.01.2025

NOMINATION AND REMUNERATION COMMITTEE

The Nomination and Remuneration Committee, constituted under Section 178 of the Act and
Regulation 19 read with Part D of Schedule II of the Listing Regulations, functions according
to its terms of reference that define its composition, authority, responsibility and reporting
functions which, inter alia, include the following:

(i) Terms of Reference

1. Recommend to the board the set up and composition of the board and its committees including
the formulation of the criteria for determining qualifications, positive attributes and
independence of a director”. The committee will consider periodically reviewing the
composition of the board with the objective of achieving an optimum balance of size, skills,
independence, knowledge, age, gender and experience.

2. Recommend to the board the appointment or re-appointment of directors.

3. Devise a policy on board diversity.

4. Recommend to the board appointment of key managerial personnel (“KMP” as defined by the
Act) and executive team members of the Company (as defined by this committee).

5. Recommend to the board the remuneration policy for directors, executive team or key
managerial personnel as well as the rest of the employees.

(ii) Meetings

The Committee meets as often as required. During the year the Committee met two time on
28th May, 2024 and 31st January 2025.

Investors’ Grievances/Complaints

During the year, the Company didn’t receive any complaint/grievance from the investors. No
complaint was pending as on March 31, 2025.

Transfers, Transmissions etc. approved

During the year under review, no request had been received for share transfer/transmission.
The has 3623 shareholders as on March 31, 2025.

REMUNERATION OF DIRECTORS

The Company has no stock option plans for the directors and hence, it does not form a part of
the remuneration package payable to any executive and/or non-executive director.

In 2024-25, the Company did not advance any loans to any of the executive and/or non¬
executive directors

(i) Remuneration to Executive Directors

The Company has not paid any remuneration to the Executive directors for the Financial year
2024-25.

(ii) Remuneration to Non-Executive Directors

During the FY 2024-25, the Company has not paid any remuneration to the non-executive
directors.

(iii) Criteria for making payment to Non-Executive Directors

Criteria for making payment to Non-Executive Director has been disseminated on our website
at www.aceedutrend.co.in

23. GENERAL BODY MEETINGS

(i) The details of last three Annual General Meetings (AGM) of the Company are as follows:

(ii)

24. PERFORMANCE EVALUATION OF THE BOARD

Regulation 4 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
mandates that the Board shall monitor and review the Board Evaluation framework. The
Companies Act, 2013 states that a formal annual evaluation needs to be made by the Board of
its own performance and that of its committees and individual Directors. Schedule IV of the
Companies Act, 2013 and regulation 17(10) of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 states that the performance evaluation of Independent
Directors shall be done by the entire Board of Directors, excluding the director being
evaluated.

The evaluation of all the Directors and the Board as a whole was conducted based on the
criteria and framework adopted by the Board, the actual evaluation process shall remain
confidential and shall be a constructive mechanism to improve the effectiveness of the Board/
Committee.

25. CORPORATE SOCIAL RESPONSIBILITY COMMITTEE

The criteria of Corporate Social Responsibility as prescribed under Section 135 of the
Companies Act, 2013 is not applicable on the Company. Thus, there is no requirement to
constitute a committee, formulate the policy and spent amount on Corporate Social
Responsibility.

26. VIGIL MECHANISM/ WHISTLE BLOWER POLICY

The Company has established a Vigil Mechanism/ Whistle Blower Policy and overseas
through the committee, the genuine concerns expressed by the employees and other Directors.
The Company has also provided adequate safeguards against victimization of employees and
Directors who express their concerns. The Company has also provided direct access to the
chairman of the Audit Committee on reporting issues concerning the interests of co-employees
and the Company. The Whistle Blower policy as approved by the Board has been uploaded on
the website of the Company i.e. www.aceedutrend.co.in

27. DISCLOSURES UNDER SECTION 197 OF THE COMPANIES ACT, 2013 AND RULE
5 OFTHE COMPANIES (APPOINTMENT AND REMUNERATION OF
MANAGERIAL PERSONNEL) RULES, 2014

In accordance with the provisions of Section 197(12) of the Companies Act, 2013 and Rule
5(2) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the
names and other particulars of employees should be set out in the annexure to the Directors'
Report. As the Company has not paid any remuneration to the Directors, therefore, there is no
requirement to comply with the provisions of this section.

28. DISCLOSURE AS PER THE SEXUAL HARASSMENT OF WOMEN AT
WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

The Company is committed to fostering an open, inclusive, and safe work environment where every
employee feels valued and empowered, regardless of gender, sexual orientation, or any other personal
attributes. In line with this commitment, the Company has adopted a policy for the prevention of sexual
harassment, in accordance with the provisions of the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act,2013 (“POSH Act”).

While the Company has framed an Anti-Sexual Harassment Policy in compliance with the
POSH Act, it is currently not required to constitute an Internal Complaints Committee (ICC)
under the said legislation, as the provisions relating to its constitution are not applicable to the
Company during the year under review.

Furthermore, the Company has not received any complaints relating to workplace misconduct,
including sexual harassment, during the financial year.

29. COMPLIANCE WITH THE MATERNITY BENEFIT ACT

The Company affirms its full awareness of and commitment to complying with the provisions
of the Maternity Benefit Act, 1961. Although there are currently no women employees on the
Company’s rolls who are eligible under the Act, appropriate systems and policies have been
established to ensure that all statutory benefits—such as paid maternity leave, continuity of
salary and service during the leave period, nursing breaks, and flexible return-to-work
arrangements—are duly extended to eligible women employees as and when applicable. The
Company remains dedicated to fostering an inclusive, supportive, and legally compliant
workplace environment

30. SHARES

a) Buy Back of Securities

The Company has not bought back any of its securities during the year under review.

b) Sweat Equity

The Company has not issued any Sweat Equity Shares during the year under review.

c) Bonus Shares

No Bonus Shares were issued during the year under review.

d) Employees Stock Option Plan

The Company has not provided any Stock Option Scheme to the employees.

31. FIXED DEPOSITS

The Company has not accepted any deposit during the Financial Year 2024-25 and, as such, no
amount of principal and interest was outstanding as on Balance Sheet date.

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

The particulars as required under Section 134(1)(m) of the Act read with Companies’
(Disclosures of Particulars in the Report of the Board of Directors) Rules, 2014 regarding
Conservation of Energy and Technology Absorption have not been furnished considering the
nature of activities undertaken by the Company during the year under review. Further there
was no Foreign Exchange earnings and outgo during the Financial Year 2024-25.

33. MANAGEMENT DISCUSSION AND ANALYSIS

A separate report on Management Discussion and Analysis relating to business and economic
environment surrounding your company is enclosed as a part of the Annual Report.

34. SUBSIDIARIES /JOINT VENTURES/ASSOCIATE COMPANIES

The Company doesn’t have any subsidiary, joint venture or associate Company.

35. CORPORATE GOVERNANCE

The Company is not required to submit Corporate Governance Report as the equity share
capital and net worth of the Company is less than required limits as on the last date of the
previous financial year.

36. LISTING OF SHARES

Your Company is listed on the Bombay Stock Exchange of India Limited.

37. NO DEFAULT

The Company has not defaulted in payment of interest and repayment of loan to any of the
financial institutions and /or banks during the period under review.

37. DISCLOSURE REQUIREMENTS

As per SEBI Listing Regulations, the Corporate Governance Report with the Auditors’
Certificate thereon, and the integrated Management Discussion and Analysis are attached,
which forms part of this report. The Company has devised proper systems to ensure
compliance with the provisions of all applicable Secretarial Standards issued by the Institute of
Company Secretaries of India and that such systems are adequate and operating effectively.

38. CERTIFICATION FROM COMPANY SECRETARY IN PRACTICE FOR NON¬
DISQUALIFICATION OF DIRECTORS

A certificate has been received from Chandan Jha, Company Secretaries in practice that none
of the Directors on the Board of the Company had been debarred or disqualified from being
appointed or continuing as Directors of companies by the Securities and Exchange Board of
India, Ministry of Corporate Affairs or any such other statutory/ regulatory authority. The same
has been enclosed as herewith as part of Annual Report.

39. OTHER DISCLOSURES

> No applications made or any proceedings pending under the Insolvency and Bankruptcy Code,
2016 during the year against the company.

> No One time Settlement made in respect of any loan from Banks and Financial Institution.

40. ACKNOWLEDGEMENTS

Your directors take this opportunity to express the gratitude to all investors, clients, vendors,
bankers, Regulatory and Government authorities, Stock Exchanges and business associates for
their cooperation, encouragement and continued support extended to the Company. Your
directors also wish to place on record their appreciation to the Associates for their continuing
support and unstinting efforts in ensuring an excellent all-round operational performance at all
levels.

By order of the Board
For ACE EDUTREND LIMITED

Sd/- Sd/-

Sushma Jain Himani Sharma

Director Director

DIN:08545336 DIN: 08299061

Date: 28.08.2025
Place: New Delhi

1

they have prepared the annual accounts on a going concern basis;