Your directors are pleased to present their Annual Report and the Company's audited financial statement for the financial year ended March 31, 2024.

FINANCIAL RESULTS:

The Company's financial performance, for the year ended March 31, 2024 is summarized below:

COMPANY'S PERFORMANCE:

The Company has reported income from operation of Rs. 1,47,01,30,103/- Lacs during the current year and of Rs. 1,29,22,11,000/- Lacs in the previous year. The Company has net profit of Rs. 6,56,46,477/- Lacs in the current year in comparison to Rs. 1,34,49,435/- Lacs in the previous year.

DIVIDEND:

Your directors do not recommend any dividend for this financial year ended 31.03.2024.

TRANSFER TO RESERVE:

During the year under review, the Board does not propose to carry any amount to reserves out of profit.

CHANGE IN NATURE OF BUSINESS:_

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

CHANGE IN THE REGISTERED OFFICE OF THE COMPANY

During the year under the review there is no change in the Registered Office of the Company.

However, after closing of the F.Y. 2023-24 the registered office of the Company shifted from DEORA AVENUE, MITHAKHALI SIX ROAD, NAVRANGPURA, AHMEDABAD, GUJARAT-380009, INDIA to BLOCK NO 265, RAKANPUR, OPP. MANPASAND WAYBRIDGE, RAKANPUR, KALOL, GANDHINAGAR, GUJARAT-382721, INDIA dated 15^th June, 2024.

INCREASE IN AUTHORIZED SHARE CAPITAL AND PAID UP SHARE CAPITAL OF THE COMPANY:

During the year under the review there is no change in Authorized Share Capital and Paid up share capital of the Company.

However, after closure of F. Y. 2023-24 the Company had increased its Authorized Share capital by conducting Extra-Ordinary General Meeting dated on 08^th April, 2024 & also Increase the Paid up share capital of the Company which is as below:

"The Authorized Share Capital of the Company is Rs. 2,50,00,000/- (Rupees Two Crore Fifty Lacs) divided into 15,00,000 (Fifteen Lacs Only) Equity Shares of face value of Rs. 10/- (Rupees Ten) each having total Rs. 1,50,00,000 (One Crore Fifty Lacs Rupees) Equity Shares Capital AND 10,00,000 (Ten Lacs Only) Preference Shares of face value of Rs. 10/- (Rupees Ten) each having total Rs. 1,00,00,000 (One Crores Rupees) Preference Shares Capital"

"The Paid-up Share Capital of the Company is Rs. 1,94,99,200/- (Rupees One Crore Ninety-Four Lacs Ninety-Nine Thousand Two Hundred Only) divided into 11,87,420 (Eleven Lacs Eighty-Seven Thousand Four Hundred Twenty Only) Equity Shares of face value of Rs. 10/- (Rupees Ten) each having total Rs. 1,18,74,200 (One Crore Eighteen Lacs Seventy-Four Thousand Two Hundred) Equity Shares Capital AND 7,62,500 (Seven Lacs Sixty-Two Thousand Five Hundred Only) Preference Shares of face value of Rs. 10/-(Rupees Ten) each having total Rs. 76,25,000 (Rupees Seventy-Six Lacs Twenty-Five Thousand Only) Preference Shares Capital"

ALTERATION IN MOA OF THE COMPANY

During the year under the review there is no change or alteration in Memorandum of Association (MOA) of Company.

However, after closure of the F.Y. 2023-24 the Company has made an alteration in the Memorandum of Association (MOA) of the Company due to increase in authorized share capital of the Company by conducting Extra-Ordinary General Meeting dated on 26^th June, 2024.

MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY:

In terms of Section 134(3)(i) of the Companies Act, 2013, it is reported that, except as disclosed elsewhere in this report & except as stated in Auditor's Report, no material changes and commitments which could affect the Company's financial position have occurred between the end of the financial year of the Company and date of this report.

SIGNIFICANT AND MATERIAL ORDERS:

There are no material orders passed by Regulators, Courts or Tribunals impacting the going concern status and company's operations in future.

INTERNAL FINANCIAL CONTROLS:

The Company has in place adequate internal financial controls with reference to financial statements. During the year, such controls were tested and no reportable material weakness in the design or operation was observed.

FORMAL EVALUATION BY BOARD OF ITS OWN PERFORMANCE:

The Statement in respect of Formal Evaluation by the Board of its own performance and that of its committees and individual directors is not applicable to the Company.

DETAILS OF SUBSIDARY, JOINT VENTURE OR ASSOCIATE COMPANIES:

The company does not have any Associate firm, Joint Venture or subsidiary.

DEPOSITS:

The Company has not accepted any deposits from the public within the meaning of section 73 of the companies Act, 2013 and Rules made their under.

AUDITOR & AUDITOR'S REPORT:

M/s. S.N SHAH & ASSOCIATES., Chartered Accountants, Statutory Auditor of the Company, appointed for the term of 5 years from F.Y. 2024-25 and holds office till the conclusion of 5^th Annual General Meeting for the Financial Year ending on 31^st March, 2024.

The Notes on the financial statement referred to in the Auditor's Report are self-explanatory and do not call for any further comments. The Auditor's Report does not contain any qualification, reservation or adverse remark.

EXTRACT OF ANNUAL RETURN

Pursuant to the Section 92, 134 and Rule 12 of Companies (Management and Administration) Amendment Rules, 2020, The Company is not required to prepare Form MGT-9. Hence, there is no requirement to attach the Extract of the Annual Return in the Board's Report.

The Company shall place a copy of the annual return in Form MGT-7/Form MGT-7A (as per the applicability) on its website, if any.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION:

Company had adopted necessary technology and had taken initiatives to conserve the energy wherever possible and same being not in reportable size, hence the details as required to be reported under Rules 8(3) Companies (Accounts) Rules, 2015, is not given.

FOREIGN EXCHANGE EARNINGS AND OUTGO:

The Company has no foreign exchange earnings and outgoing during the year under review.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

During the year, there are no change in directors of the Company.

DIRECTORS' RESPONSIBILITY STATEMENT:

Your directors state that:

a) In the preparation of the annual accounts for the year ended March 31, 2024, the applicable accounting standards read with requirements set out under schedule III to the Act, have been followed and there are no material departures from the same;

b) The Directors 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 March 31, 2024 and of the profit of the Company for the year ended on that date;

c) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

d) The Directors have prepared the annual accounts on a 'going concern' basis;

e) The Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and

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

MEETINGS OF THE BOARD:

Four meetings of the Board of Directors were held during the year.

ISSUE OF EQUITY SHARES WITH DIFFERENTIAL VOTING RIGHTS/SWEAT EQUITY SHARES/EMPLOYEE STOCK OPTION SCHEME:

During the year the Company has not issued any equity shares with differential voting rights or sweat equity shares or employee stock option scheme. Hence disclosure regarding the same is not given.

However, Equity Shares & Preference Shares have been issued and allotted after closure of F.Y. 2023-24 and the details of same is mentioned in below table:

PARTICULARS OF LOANS GIVEN, INVESTMENTS MADE, GUARANTEES GIVEN AND SECURITIES PROVIDED:

Particulars of loans given, investments made, guarantees given and securities provided along with the purpose for which the loan given covered under the provisions of section 186 of the Companies Act,

2013 are provided in the notes to financial statements.

CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES:

All contracts/arrangements/transactions entered by the Company during the financial year with related parties were in the ordinary course of business and on an arm's length basis.

During the year, Company has not entered into any contract or arrangement or agreements with related parties referred to in Sub-Section (1) of Section 188 of the Companies Act, 2013.

Form AOC 2 regarding the details of related party transactions is annexed with this report as "Annexure I" VIGIL MECHANISM:

The Company has not developed and implemented any vigil mechanism as the said provisions are not applicable.

CORPORATE SOCIAL RESPONSIBILITY

The provisions of Section 135 of the Companies Act, 2013 relating to Corporate Social Responsibility does applicable to the Company and the details of same is mention below:

RISK MANAGEMENT POLICY

The provisions related to risk management policy does not applicable to the Company.

PARTICULARS OF EMPLOYEES

There are no employees of the Company drawing remuneration required disclosure of information under Section 134 of the Companies Act, 2013 read with Rule 5(2) of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014.

DISCLOSURE UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

The Company has complied with provisions relating to the constitution of Internal Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

MAINTENANCE OF COST RECORDS

In accordance with section 148 of companies act, 2013 read with the companies (cost records and audit) amendments rules, 2014, the maintenance of cost records is not applicable to company for F.Y.2023-24.

DETAIL OF FRAUD AS PER AUDITORS REPORT

As per auditor's report, no fraud u/s 143(12) reported by the auditor.

BOARD'S COMMENTS ON AUDITORS REPORT:

Observation made by the Statutory Auditors in their Report are self-explanatory and therefore, do not call for any further comments under section 134(3)(f) of the Companies Act, 2013.

STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTORS:

There is no mandatory requirement to appoint Independent Director of the Company. Therefore, a provision of Section 149(6) does not applicable to the Company.

COMPLIANCE WITH SECRETARIAL STANDARDS:

Your Director's confirm that, Company complies with applicable mandatory Secretarial Standards issued by The Institute of Company Secretaries of India.

SECRETARIAL AUDIT REPORT:

As per the provision of section 204 of the Companies Act,2013 and rule made there under the company is not required to appoint Secretarial Auditor to audit the Secretarial Compliances of Companies Act and all other act as applicable to the company.

NOMINATION AND REMUNERATION OF COMMITTEE:

As per the provision of section 178(1) of the Companies Act, 2013 and rules made there under, the company is not required to constitute nomination and remuneration of committee.

CONSOLIDATED FINANCIAL STATEMENTS

Company doesn't have any subsidiaries so there is no need to prepare consolidated financial statement for the F.Y. 2023-24.

INSOLVENCY AND BANKRUPTCY CODE:

CONSOLIDATED FINANCIAL STATEMENTS

Company doesn't have any subsidiaries so there is no need to prepare consolidated financial statement for the F.Y. 2023-24.

INSOLVENCY AND BANKRUPTCY CODE:

The Company has not made any application and no proceedings are pending under the Insolvency and Bankruptcy Code, 2016 during the financial year under review..

ACKNOWLEDGMENT:

Your directors would like to express their sincere appreciation for the assistance and co-operation received from the customers, vendors, banks, members and government authorities during the year under review. Your directors also wish to place on record their deep sense of appreciation for the committed services by the company's staff and workers.