Pasupati Fincap Ltd. ನಿರ್ದೇಶಕರ ವರದಿ

Mar 31, 2025

Your directors take pleasure in presenting the 30^th Annual Report on the business and operations of
your Company along with the Annual Audited Financial Statements for the financial year ended 31^st
March 2025.

Financial Summary of the Company

The performance of the Company for the financial year ended on 31^st March, 2025 is summarized
below:

Particulars	Year ended 31.03.2025 (In Lacs)	Year ended 31.03.2024 (In lacs)
Income (Gross)	0.075	6.5016
Expenditure	3 5.2696	18.0243
Profit/(Loss) before Exceptional and	(35.1946)	(11.5227)
extraordinary Items and tax
Less:- Tax Expense
Current Tax/Mat	-	-
Deferred Tax Adjustment-Cr/Dr)	-	-
Tax Adjustments for Earlier Year	-	-
Profit/ (Loss) after Tax	(35.1946)	(11.5227)

Dividend

No dividend was declared for the current financial year by the company.

Special Resolution passed through postal ballot

No special resolution was passed through postal ballot during the Financial Year 2022-23. None of
the businesses proposed to be transacted in the ensuing Annual General Meeting require passing a
special resolution through postal ballot.

Reserves

The Company has not transferred any amount from the statement of profit and loss to general reserve
during the year under review.

Change in the nature of business

The Company is engaged in the business to acquire, lease, exchange, or otherwise legally obtain land,
buildings, flats, offices, and structures, and develop, maintain, or dispose of them through sales,
leases, mortgages, or rentals. It may operate as a property developer and commission agent, engaging
in buying, selling, trading, and developing residential and commercial properties, housing schemes,
townships, cooperatives, or markets and there has been no change in business during the year under
review by the Company.

However, in the ensuing AGM, the Directors of the company proposes to alter the Object Clause of the
Memorandum of Association of the Company fully and entirely and consequently, the company shall
engage in the business of operating as a diversified textile and plastic enterprise, encompassing the
entire value chain—manufacturing, processing, trading, distribution, and agency services in textiles
(yarns, fabrics, garments, medical textiles) and plastic products—while also managing assets and
industrial infrastructure.

Significant & Material Orders Passed bv the Regulators or Courts or
Tribunals Impacting the Going Concern Status of the Company

No significant and material orders were passed by any Regulator(s) or Court(s) or Tribunal(s) which
would impact the going concern status of the Company.

Material changes and commitments, if anv. 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 the
report.

No material changes and commitment affecting the financial position of the company have occurred
between the end of the financial year to which these financial statements relate and the date of this
report.

Details of Subsidiarv/Ioint Venture/ Associate Companies

During the year under review, the Company has no Subsidiary/Joint Venture/ Associate Company.

Performance and financial position of each of the subsidiaries, associates
and joint venture companies included in the consolidated financial
statement

The Company has no subsidiaries, associates and joint venture companies so this point is not
applicable on the Company.

Details in Respect of Frauds Reported bv Auditors under Sub-Section f!21
Of Section 143 other than those which are Reportable to The Central
Government

Auditors have not reported any fraud during the year under review.

Public Deposits

During the year under review, the Company has not accepted any deposit under Section 73 of the
Companies Act, 2013 read with Companies (Acceptance of Deposits) Rules, 2014.

Performance Evaluation

Pursuant to the provisions of the Companies Act, 2013 and as per SEBI (LODR) Regulations 2015, 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 and independence of judgment thereby safeguarding the interest of the Company. 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 Board also carried out annual performance evaluation of the working of
its Audit, Nomination and Remuneration as well as Stakeholders Relationship Committee. The
Directors expressed their satisfaction with the evaluation process.

Particulars of Loans. Guarantees or Investments under Section 186 of the
Companies Act 2013

The Company has not given any Loan or Guarantee or made Investment under Section 186 within
the limits specified under Sec 186(2) of the Companies Act 2013.

Particulars of Contracts or Arrangements with Related Parties

No related party transactions under Section 188 of the Companies Act, 2013 were entered by the
Company during the year under review.

Share Capital

During the year under review, there is no change in Authorized Capital of the Company:

Issue of equity shares with differential rights

Company has not issued any equity shares with differential rights so no disclosure is required as per
rule 4(4) of the Companies (Share Capital and Debentures) Rules 2014.

A. Issue of sweat equity shares

Company has not issued sweat equity shares, so no disclosure is required as per rule 8(13)
of the Companies (Share Capital and Debentures) Rules 2014.

B. Issue of employee stock options

Company has not issued employee stock options, so no disclosure is required as per rule
12(9) of the Companies (Share Capital and Debentures) Rules 2014.

C. Provision of money by Company for purchase of its own share by employees or by
trustee for the benefit of employees.

Company has not made any provision for purchase of its own share by employees or by trustee for
the benefit of employees, so no disclosure is required as per Rule 16(4) of the Companies (Share
Capital and Debentures) Rules 2014.

Copy of Annual Return

As per the requirements of Section 92(3) of the Companies Act, 2013 and Rules framed thereunder,
the Copy of Annual Return of the Company for the financial year 2024-25 is available on the website
of the Company at www.pasupatifincap.co.in.

Board of Directors and Kev Managerial Personnel

While selecting Directors, the Company looks for an appropriate balance of skills, experience,
independence and knowledge to enable them to discharge their respective duties and
responsibilities effectively. The Company has laid down a clear Policy on remuneration of Directors,
Key Managerial Personnel and other employees.

The Board of the Company was duly constituted in accordance with the provisions of the Companies
Act, 2013. For the year ended 2024-25, the Board of Director''s consists of Four (4) Directors and One
(1) CFO, (1) CEO, and One (1) CS.

1. Mr. Vidit Jain (Executive Director);

2. Ms. Vrinda Jain (Non-Executive and Non-Independent Director);

3. Mrs. Payal Agarwal (Non-Executive and Independent Director);

4. Mr. Anand Kumar Aggarwal (Non-Executive and Independent Director);

5. Mr. Tarun (CFO);

6. Mr. Rishabh Talwar (CEO)

7. Ms. Aditi Pardal (Company Secretary and Compliance Officer)

Further, it is to be noted that the following changes have been made to the Board and Management
of the Company since then:

S.No.	Name of the person	Category of Director/Designation in Management	Reason For change	Effective date	Action to be taken at the AGM
1	Aditi Pardal	Company Secretary and Compliance Officer	Resignation	31st March, 2025	NA
2	Sandhya Kohli	Non-Executive and Independent Director	Appointment	29th May, 2025	Approval of shareholders for such appointment.
3	Sanjeev Khanna	Non-Executive and Independent Director	Appointment	29th May, 2025	Approval of shareholders for such appointment.
4	Rishabh T alwar	Chief Executive Officer	Resignation	29th May, 2025	NA
5	Rishabh T alwar	Non-Executive and Non- Independent Director	Appointment	29th May, 2025	Regularisation of such appointment.
6	Anil Malik	Whole Time Director	Appointment	29th May, 2025	Regularisation as well as Approval of shareholders

					for such appointment.
7	Aditi Agrawal	Company Secretary and Compliance Officer	Appointment	28 th June, 2025	NA
8	Vidit Jain	Executive Director	Resignation	28th July, 2025	NA
9	Vrinda Jain	Non- Executive and Non-Independent Director	Resignation	28th July, 2025	NA
10	Anand Kumar Aggarwal	Non-Executive and Independent Director	Resignation	28th July, 2025	NA
11	Payal Agarwal	Non-Executive and Independent Director	Resignation	31st July, 2025	NA

Declaration bv an Independent Director(s) and re-appointment, if anv

The Company has received declarations from all the Independent Directors of the Company
confirming that they meet the criteria of Independence as prescribed under sub-section (6) of Section
149 of the Companies Act, 2013.

Number of Meetings of the Board of Directors

The Board of Directors consisted of Four Directors including two Independent Directors during the
period under review.

During the 12-month period ended 31^st March 2025, 06 (Six) Board Meetings were held on 22-05¬
2024, 04-06-2024, 14-08-2024, 04-10-2024, 13-11-2024 and 10-02-2025 respectively.

Committees of the Board

Following are the three committees constituted by the Board:

1. Audit Committee.

2. Shareholders and Investor Grievance Committee.

3. Nomination & Remuneration Committee.

The composition of Committees are as follows:

1. Audit Committee

The Audit Committee at the end of the year stands as follows:

S.No.	Name of the Director	Category of the	Designation in the
		Director	committee
1.	Vidit Jain	Executive Director	Chairperson

2.	Anand Kumar Aggarwal	Non-Executive & Independent Director	Member
3.	Payal Agarwal	Non-Executive & Independent Director	Member
4.	Vrinda Jain	Non-Executive & Non- Independent Director	Member

The constituted Audit Committee meets the requirements under Section 177 of the Companies Act,
2013.

The Chairman of the Committee is Mr. Vidit Jain, as nominated by the Board.

The terms of reference of the Audit Committee, inter alia, include overseeing financial reporting
process, reviewing the financial statements and recommending appointments of Auditors.

During year 4(Four) Audit Committee Meetings were held.

However, the following changes occurred:

On 31^st July, 2025, the Audit Committee was reconstituted as follows:

S.No.	Name of the Director	Category of Directors	Designation in the Committee
1.	Sandhya Kohli	Non-Executive-Independent Director	Chairperson
2.	Sanjeev Khanna	Non-Executive-Independent Director	Member
3.	Anil Malik	Whole Time Director	Member

2. Nomination and Remuneration Committee

The Nomination and Remuneration committee at the end of the year stands as follows:

S.No.	Name of the Director	Category of the Director	Designation in the committee
1.	Anand Kumar Aggarwal	Non-Executive & Independent Director	Chairperson
2.	Payal Agarwal	Non-Executive & Independent Director	Member
3.	Vrinda Jain	Non-Executive & Non- Independent Director	Member

The Committee''s scope of work includes identifying the persons who are qualified to become
directors and who may be appointed in senior management and recommending to the Board their
appointment and removal and carrying out evaluation of every director''s performance, deciding on
remuneration and policy matters related to remunerations of Directors and laying guidelines for
remuneration package or compensation.

The Committee has formulated a Nomination and Remuneration Policy relating to the appointment
and remuneration for the directors, key managerial personnel and other employees.

During year, 2(Two) Nomination and Remuneration Committee Meetings were held.

However, the following changes occurred:

On 31^st July, 2025, the Nomination and Remuneration Committee was reconstituted as follows:

S.No.	Name of the Director	Category of Directors	Designation in the Committee
1.	Sandhya Kohli	Non-Executive- Independent Director	Chairperson
2.	Sanjeev Khanna	Non-Executive- Independent Director	Member
3.	Rishabh Talwar	Non-Executive- Non¬ Independent Director	Member

3. Stakeholders Relationship Committee (SRC):

During the year under review, The Stakeholders Relationship Committee, was named as
‘Share/Debenture Transfer-cum shareholder''s/ Investors'' Grievance Committee'' and the same stood
as follows:

S.No.	Name of the Director	Category of the Director	Designation in the committee
1.	Vrinda Jain	Non-Executive & Non- Independent Director	Chairperson
2.	Anand Kumar Aggarwal	Non-Executive & Independent Director	Member
3.	Vidit Jain	Executive Director	Member

The Committee inter alia approves issue of duplicate share certificates and oversees and reviews all
matters connected with the securities transfer. The Committee also looks into redressal of
shareholders complaints like transfer/transmission of shares, non- receipt of Annual Report, non¬
receipt of declared dividends, etc. During the year, nil complaints were received from investors in
respect of share transfers.

During the year 4 (Four) Share/Debenture Transfer-cum shareholder''s/ Investors'' Grievance
Committee Meetings were held.

However, the same was re-named as ‘Stakeholder Relationship Committee'' 31^st July, 2025 to ensure
a stricter compliance with Section 178 of Companies Act, 2013 and accordingly, stands reconstituted
as follows:

S.No.	Name of the Director	Category of Directors	Designation in the Committee
1.	Sandhya Kohli	Non-Executive-Independent Director	Chairperson
2.	Sanjeev Khanna	Non-Executive-Independent Director	Member
3.	Rishabh Talwar	Non-Executive- Non¬ Independent Director	Member

Particulars Of Employees

The provisions of Rule 5(2) & (3) of the Companies (Appointment & Remuneration of Managerial
Personnel) Rules, 2014 requiring particulars of the employees in receipt of remuneration in excess
of Rs. One Crore and Two Lakhs per year to be disclosed in the Report of Board of Directors are not
applicable to the Company as none of the employees was in receipt of remuneration in excess of Rs.
One Crore and Two Lakhs during the financial year 2024-25.

The information in accordance with the provisions of Section 197 of the Companies Act, 2013 read
with rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014
is also not applicable to company.

Management Discussions and Analysis Report

The Management Discussion and Analysis Report forms part of this Annual Report in compliance
with Regulation 34 of SEBI (LODR) Regulations, 2015 and is annexed marked as Annexure ‘I''.

Corporate Governance

The Company believes that the essence of Corporate Governance lies in the phrase “Your Company”.
It is “Your” Company because it belongs to you-“the Shareholders”. The Chairperson and Directors
are “Your” fiduciaries and trustees. Their objective is to take the business forward in such a way that
it maximizes “Your” long term value. Your Company is committed to benchmark itself with global
standards in all areas including highest standards of Good Corporate Governance.

However, it should be noted that the Company is not required to annex with its Annual Report, a
Corporate Governance Report in terms of Regulation 34 read with Schedule V of SEBI (Listing
Obligations & Disclosure Requirements) Regulations, 2015 as the company claims the exemption of
Non- Applicability of Corporate Governance Requirements under Regulation 15(2) of SEBI (Listing
Obligations & Disclosure Requirements) Regulations, 2015.

Details of Establishment of Vigil Mechanism/ Whistle Blower Policy for
Directors and Employees

In order to ensure that the activities of the Company and its employees are conducted in a fair and
transparent manner by adoption of highest standards of professionalism, honesty, integrity and
ethical behavior, the Company has adopted a vigil mechanism policy. This policy has been uploaded
on the website of the Company-

Auditors

? Statutory Auditor

M/s. V. R. Bansal & Associates, Chartered Accountants, (having FRN 016534N) is appointed as
Statutory Auditor of the Company to hold the office from the conclusion of 29^th Annual General
Meeting until the conclusion of 34^th Annual General Meeting and at such remuneration as may
mutually be agreed upon between the auditors and the Board of Directors of the Company.”

? Secretarial Auditor

M/s. Akash & Co., Company Secretaries (FCS: 13219, COP No.:22165), is appointed, subject to
the approval of the shareholders in the ensuing AGM, as the Secretarial Auditor of the Company to
undertake the Secretarial Audit under the provisions of Section 204 of the Companies Act, 2013 and
to hold office as such for a term of consecutive 5 years from the Financial Year 2025-26 till Financial
Year 2029-30.

? Internal Auditor

M/s DPA & Co., Chartered Accountant (Firm Registration No. 022189N) as Internal Auditors of
the Company in the ensuing Annual General Meeting to hold the office from F.Y. 2025-2026 to F.Y.
2029-2030 and at such remuneration as may mutually be agreed upon between the auditors and the
Board of Directors of the Company.

Secretarial Audit Report

A copy of the Secretarial Audit Report as provided by Company Secretary in Practice has been
annexed to this Report as Annexure ‘II''.

Auditors* Report

All Observations made in the Independent Auditors'' Report and Notes forming part of the Financial
Statements are self-explanatory and qualifications, reservations or adverse remarks related to
certain provisions have been made by the Statutory Auditors in the said Report, hereunder attached
as Annexure ‘III''.

Shifting of Registered Office

During the year under review, the Company has not shifted its registered office.

However, it should be noted that in the Board Meeting held on 30^th August 2025, the Directors of the
Company, subject to the approval of shareholders in the ensuing Annual General Meeting by way of
Special Resolution, proposed the shift in the registered office of the Company from the state of Haryana
to the National Capital Territory of Delhi.

Corporate Social Responsibility

Even though the provisions of Companies Act, 2013 regarding Corporate Social Responsibility are
not attracted to the Company yet the Company has been, over the years, pursuing as part of its
corporate philosophy, an unwritten CSR policy voluntarily which goes much beyond mere
philanthropic gestures and integrates interest, welfare and aspirations of the community with those
of the company itself in an environment partnership for inclusive development.

Conservation of energy, technology absorption and foreign exchange
earnings and outgo

Since, Company is not doing any manufacturing operations, information relating to Conservation of
Energy, Technology absorption and foreign exchange earnings and outgo as required under Section
134(3) (m) of the companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 is
not applicable.

Declaration Under Maternity Benefit Act. 1961

The Company has complied with provisions of the Maternity Benefit Act, 1961 read with Rules
thereunder.

Compliance with the Sexual Harassment of Women at Workplace
(Prevention. Prohibition & Redressal) Act. 2013

Your corporation is committed to prevention of sexual harassment of women at workplace and takes
prompt action in the event of reporting of such incidents. There were no complaints received of
sexual harassment during the financial year 2024-2025.

Details in Respect of Adequacy of Internal Financial Controls with
reference to the Financial Statement

The company has adequate internal financial control system commensurate with the size of the company
and the nature of its business with regards to purchase of fixed assets. The activities of the company do
not involve purchase of inventories and sale of goods and services.

For the purposes of effective internal financial control, the Company has adopted various procedures for
ensuring the orderly and efficient conduct of its business, including adherence to company''s policies, the
safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and
completeness of the accounting records, and the timely preparation of reliable financial information.

To ensure adequacy of internal financial controls, the procedures adopted by the Company are based on
the following parameters:

Familiarity with Policies and Procedures - the related policies and procedures and the changes thereto,
if any, are communicated to the employees at the time of joining and it is ensured that such person
understands the policies or procedures correctly.

Accountability of Transactions-There is a proper delegation of authorities and responsibilities to ensure
accountability of any transaction.

Accuracy & Completeness of Financial Statements/ Reports - For accuracy and completeness of
information, reconciliation procedure and multiple checking at different level have been adopted. To
avoid human error, computer software is extensively used.

Retention and Filing of Base Documents - All the source documents are properly filed and stored in a
safe manner. Further, important documents, depending upon their significance, are also digitized.

Segregation of Duties-It is ensured that no person handles all the aspects of a transaction. To avoid any
conflict of interest and to ensure propriety, the duties have been distributed at different levels.

Timeliness-It is also ensured that all the transactions are recorded and reported in a timely manner.

The procedures are also reviewed by the Statutory Auditors and the Directors of the Company from time
to time. There has also been proper reporting mechanism implemented in the organization for reporting
any deviation from the procedures.

Transfer of Unclaimed Dividend to Investor Education and Protection Fund

Since there was no unpaid/unclaimed dividend which is required to be deposited to IEPF, the
provisions of Section125 of the Companies Act, 2013, do not apply.

Risk Management Policy

Company has implemented proper risk management policy including identification therein of
element of risk.

Director''s Responsibility Statement

Pursuant to Section 134(3) (c) of the Companies Act, 2013, with respect to Directors Responsibility
Statement, it is hereby confirmed and stated that: -

? In the preparation of the annual accounts, the applicable accounting standards have been
followed along with proper explanation relating to material departures, if any.

? 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 at the end of the financial year and of the profit or loss of the
Company for that period.

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

? The Directors have prepared the annual accounts on a going concern basis.

? The Directors have laid down internal financial controls to be followed by the Company and that
such internal financial controls are adequate and were operating effectively.

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

Acknowledgement

Your directors wish to place on record and acknowledge their appreciation for the continued support
and co-operation received from Government agencies and the shareholders. Your directors also
record their appreciation for the total dedication of employees at all levels.

By Order Of The Board
For Pasupati Fincap Limited
Sd/- Sd/-

Date: 30th August 2025 Anil Malik Rishabh Talwar

Place: Haryana Whole Time Director Non-Executive & non-Independent Director

DIN:10948189 Din:10316259

---

Mar 31, 2024

Your Directors have pleasure in presenting their Report together with the Audited Accounts for the year
ended 31^st March, 2024.

FINANCIAL RESULTS	(Rs.)
Total Revenue	6,50,159
Total Expenses	18,04,237
Profit / Loss Before Tax	(11,54,078)
Profit / Loss for the year	(11,54,078)

DIVIDEND

The Board of Directors does not recommend any dividend for the year.

SPECIAL RESOLUTIONS PASSED THROUGH POSTAL BALLOT

No special resolution was passed through postal ballot during the Financial Year 2022-23. None of the
businesses proposed to be transacted in the ensuing Annual General Meeting require passing a special
resolution through postal ballot.

DIVIDEND

The Board of Directors does not recommend any dividend for the year.

DIRECTOR''S RESPONSIBILITY STATEMENT:

In terms of Section 134 (5) of the Companies Act, 2013, the directors would like to state that:

i) In the preparation of the annual accounts, the applicable accounting standards have been followed.

ii) The directors have selected such accounting policies and applied them consistently and made
judgments and estimates that were 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 or loss of the Company for the
year under review.

iii) The directors 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.

iv) The directors have prepared the annual accounts on a going concern basis.

v) The directors had laid down internal financial controls to be followed by the company and that such
internal financial controls are adequate and were operating effectively.

vi) The directors had devised proper system to ensure compliance with the provisions of all applicable
laws and that such system were adequate and operating effectively.

STATUTORY AUDITORS

M/s Santosh Sushma Keshri & Co., Chartered Accountants, (Firm Registration No: 021629) vide letter
dated August 02, 2024 have resigned from the position of Statutory Auditors of the Company, resulting
into a casual vacancy in the office of Statutory Auditors of the Company as envisaged by section 139(8)
of the Companies Act, 2013.The Board of Directors at its meeting held on August 14, 2024, as per the
recommendation of the Audit Committee, and pursuant to the provisions of Section 139(8) of the
Companies Act 2013, have appointed M/s. V R Bansal & Associates, Chartered Accountants, (Firms
Registration No. 016534N), to hold office as the Statutory Auditors of the Company till the conclusion of
29th AGM.

Further, at the ensuing Annual General Meeting it is proposed to appoint M/s. V R Bansal & Associates,
Chartered Accountants (Firms Registration No. 016534N) as Statutory Auditors of the Company to hold
office for a period of five years, from the conclusion of the 29th AGM, till the conclusion of the 34th AGM
of the Company to be held in the year 2029.

SECRETARIAL AUDIT

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed M/s Sumit Bajaj &
Associates, a firm of Company Secretaries in Practice, to undertake the Secretarial Audit of the Company.
The Report of the Secretarial Audit is annexed herewith as Annexure-A.

DEPOSITS

During the year, the Company did not accept any deposits from the public within the meaning of Section
73 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

During the year under review, company has not given any loans, Guarantee or made any investments
covered under the provisions of Section 186 of the Companies Act, 2013.

SUBSIDIARY COMPANIES:

The Company does not have any subsidiary.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS

There are no significant and material orders passed by the Regulators/ Courts which would impact the
going concern status of the Company and its future operations.

DIRECTORS & KMP

(i) Retirement by rotation

In accordance with the provisions of the Companies Act, 2013 and Articles of Association of the Company,
Mr. Vidit Jain retires by rotation and is eligible for reappointment.

(ii) Declarations by Independent Directors

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.

(iii) Board Evaluation

In compliance with the provisions of the Companies Act, 2013, the Board has carried out an annual
performance evaluation of its own performance.

(iv) Board Meetings

During the year, four (4) Board Meetings and four (4) Audit Committee Meetings were convened and held.
The intervening gap between the Meetings was within the period prescribed under the Companies Act,
2013.

EXTRACT OF ANNUAL RETURN

Pursuant to the provisions of section 134 (3) (a) of Companies Act 2013 substituted by Companies
(Amendment) Act 2017 w.e.f. July 31, 2018 the web address of the extract of Annual Return of the
Company is www.pasupatifincap.co.in

PARTICULARS OF EMPLOYEES

The provisions of Rule 5(2) & (3) of the Companies (Appointment & Remuneration of Managerial
Personnel) Rules, 2014 requiring particulars of the employees in receipt of remuneration in excess of Rs.
One Crore and Two Lakhs per year to be disclosed in the Report of Board of Directors are not applicable
to the Company as none of the employees was in receipt of remuneration in excess of Rs. One Crore and

Two Lakhs during the financial year 2023-24.

The information in accordance with the provisions of Section 197 of the Companies Act, 2013 read with
rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014 is also not
applicable to company.

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

Since, Company is not doing any manufacturing operations, information relating to Conservation of
Energy, Technology absorption and foreign exchange earnings and outgo as required under Section 134(3)
(m) of the companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 is not applicable.

RELATED PARTY TRANSACTIONS:-

No related Party Transaction was entered into during the financial year 2023-24.

CODE OF CONDUCT

The company has adopted code of conduct. The code of business conduct & Ethics as approved by the
Board of Directors has been displayed at the website of the company, www. pasupatificap.co.in

VIGIL MECHANISM / WHISTLE BLOWER POLICY

Pursuant to Section 177(9) of the Companies Act, 2013 the Company has formulated a Whistle Blower
Policy to establish a vigil mechanism for directors and employees of the Company. A vigil (Whistle Blower)
mechanism provides a channel to the employees and directors to report to the management concerns
about unethical behavior, actual or suspected fraud or violation of the Code of Conduct or policy. The
mechanism provides for adequate safeguards against victimization of employees and directors to avail of
the mechanism and also provide for direct access to the Chairperson of the Audit Committee. The Whistle
Blower Policy of the Company has been uploaded and can be viewed on the Company''s website.

FOR AND ON BEHALF OF BOARD OF DIRECTORS

SD/- SD/-

VIDITJAIN VRINDA JAIN

DIRECTOR DIRECTOR

(Din-01347588) (Din-06641054)

Place: New Delhi
Dated:14/08/2024

---

Mar 31, 2012

Dear Shareholders,

The Directors are pleased to present the Annual Report and the Audited Accounts of the Company for the year ended March 31, 2012.

FINANCIAL RESULTS (Rs.)

Profit After Tax 22,29,560.28

Add: Brought forward Loss from earlier year (42,36,285.00)

Balance carried to Balance Sheet (20,06,724.72)



DIVIDEND

The Board of Directors do not recommend any dividend for the year.

AUDITORS

M/s. MX. Jain & Co., Chartered Accountants are to retire at the conclusion of the forthcoming Annual General Meeting and being eligible, offer themselves for re-appointment as auditors of the Company.

DIRECTORS

Mr. Anand Aggarwal retires by rotation and being eligible, offers himself for re-appointment.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to provisions of Section 217 (2AA) of the Companies Act, 1956 the Directors confirm that:

(i) in the preparation of the annual accounts, the applicable accounting standards have been followed along with the proper explanation relating to material departures;

(ii) appropriate accounting policies have been selected and have 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 at the end of the period and of the profit and loss of the company for that period;

(iii) proper and sufficient care has been taken 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;

(iv) the annual accounts have been prepared on a going concern basis.

DEPOSITS

Your Company has not accepted any deposits within the meaning of Section 58A, of the Companies Act, 1956 and the rules made there under.



PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS & OUTGO

The Statement containing the necessary information as required u/s. 217(l)(e) read with Companies (Disclosures of particulars in the Report of Board of Board of Directors) Rules, 1998 is given as under:

A. ENERGY CONSERVATION

Your Company has not consumed energy of any significant level and accordingly no measures were taken for energy conservation and no investment has been made for reducing energy conservation.

B. TECHNOLOGY ABSORPTION

The Company has not adopted any foreign technology.

C. FOREIGN EXCHANGE EARNING & OUTGO

Year Ended As at 31.03.2012

Expenditure in foreign currency NIL

Earning in foreign currency NIL



HUMAN RESOURCE

Your Directors would like to place on record their deep appreciation of all employees for dedicated and sincere services rendered by them.

As required under the provisions of Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975, as amended, there was no employee in receipt of a remuneration exceeding Rs. 2,00,000/- per month if employed for part of the year or Rs. 24,00,000/- if throughout the year.

ACKNOWLEDGEMENT

Your Directors appreciate the dedication and efforts being made by the employees, shareholders and others during the year under review.

By Order of the Board of Directors

Place : New Delhi VIDITJAIN REKHASHARMA

Date : September 03,2012 DIRECTOR DIRECTOR

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Mar 31, 2010

The Directors are pleased to present the Annual Report and the Audited Accounts of the Company for the year ended March 31, 2010.

FINANCIAL RESULTS (Rs.)

Profit After Tax 3,27,479.00

Add: Brought forward Loss from earlier year (51.99.009..00)

Balancejcarried to Balance Sheet (48,71,530.00)

DIVIDEND

The Board of Directors do not recommend any dividend for the year.

AUDITORS

M/s. M.C. Jain & Co., Chartered Accountants are to retire at the conclusion of the forthcoming Annual General Meeting and being eligible, offer themselves for re-appointment as auditors of the Company.

DIRECTORS

Sh. Yildit Jain retires by rotation and being eligible offers himself for re-appointment.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to provisions of Section 217 (2AA) of the Companies Act. 1956 the Directors confirm that:

(i) in the preparation of the annual accounts, the applicable accounting standards have been followed along with the proper explanation relating to material departures;

(ii) appropriate accounting policies have been selected and have applied them consistently and made judgements 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 period and of the profit and loss of the company for that period;

(iii) proper and sufficient care has been taken 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;

(iv) the annual accounts have been prepared on a going concern basis.

DEPOSITS

Your Company has not accepted any deposits with in the meaning of Section 58A, of the Companies Act. 1956 and the rules made thereunder.

PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS & OUTGO

The Statement containing the necessary information as required u/s. 217(l)(e) read with Companies (Disclosures of particulars in the Report of Board of Board of Directors) Rules, 1998 is given as under:

A. ENERGY CONSERVATION

Your Company has not consumed energy of any significant level and accordingly no measures were taken for energy conservation and no investment has been made for reducing energy conservation.

B. TECHNOLOGY ABSORPTION

The Company has not adopted any foreign technology.

C. FOREIGN EXCHANGE EARNING & OUTGO

Year Ended As at 31.03.2010

Expenditure in foreign currency NIL

Earning in foreign currency NIL

HUMAN RESOURCE

Your Directors would like to place on record their deep appreciation of ail employees fcr dedicated and sincere services rendered by them.

As required under the provisions of Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975, as amended, there was no employee in receipt of a remuneration exceeding Rs. 2,00,000/- per month if employed for part of the year or Rs. 24.00,000/- if throughout the year.

ACKNOWLEDGEMENT

Your Directors appreciate the dedication and efforts being made by the employees, shareholders and others during the year under review.

By Order of the Board of Directors

Place : New Delhi VIDITJAIN REKHA SHARMA

Date : Sepiember 04,2010 DIRECTOR DIRECTOR