ALISHA SNACKS PVT. LTD. GSTIN : 24AAQCA4128G1ZR CIN : U15549GJ2018PTC100441 _ DIRECTORS’ REPORT Dear Members, ALISHA SNACKS PRIVATE LIMITED CIN: U15549G/2018PTC100441 Nadiad Your Directors are pleased to present the 6" Directors Report together with the audited accounts of the Company for the year ended on 31" March, 2023. The summarized financial results for the year ended on 31" March, 2023 are as under: 1. FINANCIAL RESULTS: Particulars Financial Year Financial Year) 2022-23 2021-22 (Amounts in Rs.)_| (Amounts in Rs.) Revenue from Operations 75,04,46,000/- 69,76,49,000/- Other income 30,57,000/- 7,56,000/- Total income "75,35,03,000/- 69,84,04,000/- Total Expenses 73,63,83,000/- 69,78,80,000/- Earnings Before interest, Tax, Depreciation (€BiTED) 8,22,36,000/- 5,13,99,000/- Depreciation And Amortization 3,29,69,000/- 2,17,15,000/- Finance Costs 3,21,47,000/- 2,91,60,000/- Profit / (Loss) Before Tax (PBT) 41,71,20,000/- 5,24,000 /- Current Tax . 5 Deferred Tax (23,26,000//- = Profit / (Loss) After Tax 19,44,60,000/- 5,24,000/- 2, OPERATIONS: During the year under review, the Company has earned total income of Rs. 75,35,03,000/- whereas total Expenditure incurred of Rs 73,63,83,000/-. The Net profit for the year under review has been Rs. 19,44,60,000/-. Your Directors are confident that company will be able to achieve growth and shall increase the business in coming years. 3. DIVIDEND: To strength the financial position of the Company, Your Directors do not recommend any dividend for the year ended 31% March, 2023. 4, TRANSFER TO RESERVES: The Company has not transferred any amount to General Reserves. © call : 98257 76284 M E-mail : [email protected] [email protected] 5. WEB LINK OF ANNUAL RETURN, IF ANY: Factory Address: Kanjari Nadiyad Road, Near Industrial Bank, At. Kanjari, Ta. Nadiyad Dist. Kheda. Mailing Address: Plot No. 281, Ambawadi, G.I.D.C., Wadhwan - 363 035, Dist. Surendranagar. Gujarat(india)ALISHA SNACKS PVT. LTD. GSTIN : 24AAQCA4128G1ZR CIN : UTS549G5R01 701404 €. https://www.alishasnacks.com/ and annual return of Company has been published on such website 6. DEPOSITS: The Company has not invited/ accepted any deposits from the public and itis therefore not required to comply with the requirement under the Companies (Acceptance of Deposits) Rules, 2014 7. CHANGE IN NATURE OF BUSINES There has been no change in nature of the Business during the financial year 2022-23. 8, CHANGE IN SHARE CAPITAL: There has been no change in the share capital during the financial year 2022-23. 9, NO. OF BOARD MEETINGS ‘The members of the board had duly met 11 times for the Board meetings during the financial year under review. 10.PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186: During the year under review, the Company has not advanced any loans/ given guarantees/ made investments under Section 186 Companies Act, 2013 11. CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES UNDER SECTION 188(1) OF THE COMPANIES ACT, 2013: With reference to Section 134 (3) (h) of the Companies Act, 2013, the details of all contracts and arrangements with related parties under Section 188 (1) of the Act, entered by the Company during the financial year is annexed herewith as Annexure-I to this report, and were in the ordinary course of business and on an arm’s length basis. 12, CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND ours The information on conservation of energy, technology absorption and foreign exchange earnings and outgo stipulated under Section 134(3) (m) of the Companies Act, 2013 read with Rule, 8 of The Companies (Accounts) Rules, 2014, is annexed herewith as Annexure-lI to this report. 13, MATERIAL CHANGES BETWI \TE OF BOARD REPORT AND END OF FINANCIAL YEAR: There have been No material changes and commitments, if any, 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 ©call : 9825776284 M E-mail : [email protected] alishasnackspvtlt¢@gmail.com industrial Bank, At. Kanjari, Ta. Nadiyad Dist. Kheda. Factory Address: Kanjari Nadiyad Road; Mailing Address: Plot No. 281, Ambawadi, G.I.D.C., Wadhwan - 363 035, Dist. Surendranagar. Gujarat(india)ALISHA SNACKS PVT. LTD. GSTIN : 24AAQCA4128G1ZR CIN : U15549GJ2018PTC100441 14, DIRECTORS: ‘Ason 314 March, 2023, the Board of the company consist of following directors; Sr. | Name of Director Designation No. 1_| BARKATBHAI NOORDINBHAI VELANI Director 2__| PARINBEN BARKATBHAI VELANI Director - 3__| MINABEN RAJESHBHAI LALANI Director [4 | TEIAS RAJESHBHAI LALANI Director During the year, there is no change in the Directors. 15, HOLDING, SUBSIDIARY, JOINT VENTURE AND ASSOCIATE COMPANY: During the year under review, none of the companies has become or ceased to be Company's subsidiaries, joint ventures or associate companies. 16. REPORT ON THE PERFORMANCE AND FINANCIAL POSITION OF EACH OF THE SUBSIDIARIES, JOINT VENTURES AND ASSOCIATES COMPANIES During the year under review, none of the companies has become or ceased to be Company's subsidiaries, joint ventures or associate companies, therefore Report on the performance and financial position of each of the subsidiaries, joint ventures or associates companies is not applicable. 17. DECLARATION BY INDEPENDENT DIRECTOR: As per requirements of the Companies Act, 2013, the Company is not required to appoint independent Directors being a private limited company. Therefor requirement for obtaining Declaration by the Independent Directors pursuant to section 149(6) Companies Act, 2013 is not applicable to the Company. 18. DIRECTORS’ RESPONSIBILITY STATEMENT: Pursuant to Section 134(5) of the Companies Act, 2013 the Board of Directors of the Company confirms that- 1. In preparation of the Annual Accounts for the financial year ended 31st March 2023, the applicable Accounting Standards have been followed along with proper explanation to material departures; 2. 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 oss of the Company, for that period ©call :98257 76284 M E-mail : [email protected] [email protected] Factory Address: Kanjari Nadiyad Mailing Address: Plot No. 281, Ambawadi, G.I.D.C., Wadhwan - 363 035, Dist. Surendranagar. Gujarat(india)ALISHA SNACKS PVT. LTD. GSTIN 1324 MADAM RAGIER proper and sufficient care for the maintenance of adequate accounting CIN : U15549Gd2048PTOUOGshAHe provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities. 4, The Directors have prepared the Annual Accounts on a going concern basis. 5. The Company being unlisted, sub clause (e) of section 134(3) of the Companies Act, 2013 pertaining to laying down internal financial controls is not applicable to the Company; though the company has adhered to the same voluntarily. 6, The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such system are adequate and operating effectively. 19. EXPLANATION OR COMMENTS ON QUALIFICATIONS, RESERVATIONS OR ADVERSE REMARKS OR DISCLAIMERS MADE BY THE AUDITORS AND THE PRACTICING COMPANY SECRETARY IN THEIR REPORTS Auditor's observations are suitably explained in notes to the accounts and are self - explanatory. The provisions relating to submission of Secretarial Audit Report are not applicable to the company. 20. PARTICULARS OF EMPLOYEES: The statement containing particulars of employees as required under section 197(12) of the Companies Act, 2013 read with Rule 5(2) of the Companies (Appointment and Remuneration of ‘Managerial Personnel) Rules, 2014 Is not forming part of the report, as the said provisions ere not, applicable to the Company being private limited company. 21. MANAGERIAL REMUNERATIOI The company is not required to make disclosures pursuant to Rule 5 of Companies (Appointment and Remuneration of Managerial personnel) Rule, 2014 relating to Managerial Remuneration being an unlisted company. 22, DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY'S OPERATIONS IN FUTURI During the year under review there has been no such significant and material orders passed by the regulators or courts or tribunals impacting the going concem status and company’s operations in future. 23. STATEMENT IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENTS: The internal financial controls of company are adequate keeping in mind company’s business size and mode of operations. All process and safety measures are followed to protect from any financial or business loss, unauthorized use or disposition of its assets. All the transactions are properly regulated through proper channels to maintain control. ©call : 9825776284 M E-mail : [email protected] [email protected] istrial Bank, At. Kanjari, Ta. Nadiyad Dist. Kheda. Factory Address: Kanjari Nadiyad R: Mailing Address: Plot No. 281, Ambawadi, G..D.C., Wadhwan - 363 035, Dist. Surendranagar. Gujarat(india)ALISHA SNACKS PVT. LTD. GSTIN s24QAPAGASIRS GARI the applicable Accounting Standards. Further, there are teams which CIN : U18Ss9G 120 18PFCHE GAA verifies the internal control systems in accordance with policies of the Company. 24, RISK MANAGEMENT POLICY: ‘The Company has taken sufficient insurance as applicable for the properties against risks of fire, strike, riot and earthquake. 25, CORPORATE SOCIAL RESPONSIBILITY: ‘The Company is not required to constitute @ Corporate Social Responsibility Committee as it does not fall within purview of Section 135(1) of the Companies Act, 2013 and hence it is not required to formulate policy on corporate social responsibility 26. AUDIT COMMITTEE: The Company is not required to constitute Audit Committee pursuant to Section 177 of the Companies Act, 2013 read with rule (6) of the Companies (Meetings of Board and its Powers Rules, 2014 being a private limited company, 27. VIGIL MECHANIS! ‘The company is not required to establish Vigil Mechanism pursuant to section 177 of the Companies Act, 2013 read with rule (7) of the Companies (Meetings of Board and its Powers) Rules, 2014 being a private limited company. 28. POLICI PROTECTION OF WOMEN AGAINST SEXUAL HARASSMENT ‘At workplace, company is committed for safety of its employees and is determined to follow the protocols in terms of providing a protective environment for all its women employees and adhering, to industry standards. Policies in adherence to “The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, is in place and is reviewed from time to time. 29, NOMINATION AND REMUNERATION COMMITTE! ‘The Company is not required to constitute Nomination and Remuneration Committee pursuant to Section 178 of the Companies Act, 2013 read with rule (6) of the Companies (Meetings of Board and its Powers) Rules, 2014 being a private limited company, 30, BOARD EVALUATION The provisions relating to Board Evaluation is not applicable to the company being a private limited company. Therefore, statement indicating manner in which formal evaluation of Board, Committee, dividual Director has been done by the Board pursuant to section 134 (3) (p) of the Companies Act, 2013 read with rule 8 (4) of the Companies (Accounts) Rules,2014 is not required to attach with the Board Report. Factory Address: Kanjari Nadiyad Rod Mailing Address: Plot No. 281, Ambawadi, G.I.D.C., Wadhwan - 363 035, Dist. Surendranagar. Gujarat(india)ALISHA SNACKS PVT. LTD. GSTIN : 24AAQCA4128G1ZR CIN : VIS SQBRORATESOVERNANOE 41 The provisions relating to Corporate Governance is not applicable to the company being a Private ited Company. |ETARIAL AUDIT REPORT: Section 204 of the Companies Act, 2013 relating to Secretarial Audit is not applicable to the company. Therefore, the company is not required to obtain secretarial Audit Report in Form No. MR-3 pursuant to Section 204(1) of the Companies Act, 2013 and rule (9) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, 33, STATUTORY AUDITOR & AUDIT REPORT: The Statutory Auditor of the company, M/s SHAH SANGHVI & ASSOCIATES have presented their report for the year under review. 34, SHARES a) BUY BACK OF SECURITIES The company has not bought back any ofits 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 Banus 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, 35. NUMBER OF COMPLAINTS RELATING TO CHILD LABOUR, FORCED LABOUR, INVOLUNTARY LABOUR No cases of child Labour, forced Labour, involuntary Labour and discriminatory employment were reported in the last financial year under review. 36, FRAUD REPORTING ‘There were no cases of frauds reported by auditors under sub-section (12) of section 143 to the Board other than those which are reportable to the Central Government. 37. COMPLIANCE WITH SECREATRIAL STANDARDS ‘The company has complied with the applicable secretarial standards and other secretarial standards voluntarily adopted by the company. 98257 76284 [email protected] [email protected] 6 Mailing Address: Plot No. 281, Ambawadi, G.I.D.C., Wadhwan - 363 035, Dist. Surendranagar. Gujarat{india)ALISHA SNACKS PVT. LTD. GSTIN382€6nRGRRMBANZEG@ENG RESOLUTION PROCESS INITIATED UNDER THE INSOLVENCY AND CIN : U15S4S4BUBTCYSD IE; 206 Aae) The Company or its financial or operational creditor has not filed any application for corporate insolvency resolution process under the IBC before the NCLT, Hence, disclosure relating to such is not applicable to the company. 39, DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE TIME SETTLEMENT AND VALUATION WHILE AVAILING LOAN FROM BANKS AND FINANCIAL INSTITUTIONS. During the year under the review, there has been no one time settlement of loans taken from banks and financial institutions, 40. ACKNOWLEDGMEN' ‘Your directors wish to place on record their sincere thanks and appreciation for the continuing support and unstinting efforts of investors, vendors, dealers, business associates and employees in ensuring an excellent all around operational performance. By order of the Board For, ALISHA SNACKS PRIVATE LIMITED SRR wo BARKATBHAI NOORDINBHAI VELANI CHAIRMAN IADIAD DIN: 07188797 : 05/09/2023, ©call :9825776284 M E-mail : [email protected] alishasnackspvtlt¢@gmail.com Factory Address: Kanjari Nadiyad Road, Near Industrial Bank, At. Kanjari, Ta. Nadiyad Dist. Kheda. Mailing Address: Plot No. 281, Ambawadi, G. Wadhwan - 363 035, Dist. Surendranagar. Gujarat(india)AWSHA SNACKS PVT't'TD. GSTIN : 24AAQCA4128G1ZR CIN : U15549GJ2018PTC100441 [Pursuant to Clause (h) of Sub-Section (3) of Section 134 of the Companies Act, 2013 and Rules 8 (2) of the Companies (Accounts) Rules, 2014] Form for disclosure of particulars of Contracts / Arrangements entered into by the Company with the Related Parties referred to in Sub-Section (1) of Section 188 of the Companies Act, 2013 including certain Arm’s Length transactions under third proviso thereto: 1, DETAILS OF CONTRACTS OR ARRANGEMENTS OR TRANSACTIONS NOT AT ARM'S LENGTH BASIS: i__| Name (s) of the Related Party and nature of Relationship ii._ | Nature of contract/arrangement/transactions iii,_| Duration of contract/arrangements/transactions iv. | Salient Terms of contract/arrangements/transactions including the value if any NONE v._| Justification for entering into such contracts or arrangements or transactions Date(s) of approval by the Board ‘Amount paid as Advances, if any viii, | Date on which the special resolution was passed in general meeting under first proviso to Section 188 of Companies Act, 2013, 2. DETAILS OF CONTRACTS OR ARRANGEMENTS OR TRANSACTIONS AT ARIM’S LENGTH BASIS: Name (s) of the| BARKAT VELANI- | PARINBEN VELANI] MINABEN | TEJAS | ‘ALISHA FOODS Related DIRECTOR DIRECTOR LALANI- LALANI- DIREC] PRIVATE LIMITED 4 partrandl DIRECTOR COMPANY HAVIN natureot COMMON DIRECT, Relationship Nature of LOAN REPAID LOAN REPAID | LOANREPAID|* LOANREPAl* SALES concert RENT EXPENSE : RENT EXPENSE | LOAN TAKEN ]* LOAN TAKEN ® PURCHASE il LOAN TAKEN LOAN TAKEN transactions | 3257 76284 Factory Address dustrial Bank, At. Kanjari, Ta. Nadiyad Dist. Kheda. Mailing Address: Plot No. 281, Ambawadi, G.I.D.C., Wadhwan - 363 035, Dist. Surendranagar. Gujarat(india)ALISHA SNACKS PVT. LTD. GSTIN : 24AAQCA4128G1ZR CIN : U15549GJ2018PTC100441 Duration of Transactional ‘Transactional Transactional | Transactional | Transactional contract/arran gements/trans actions Total value of Rs.2,94,89,000 /1 Rs. 26,96,000/- Rs.7,17,000/- } Rs. 7,05,000/- |e Rs. 6,88,25,000/- jy Contract Rs.21,49,000 /- : Rs. 10,28,000/- Rs.6,00,000/- * Rs. 5,61,000 /-le Rs. 95,14,000/- le Rs. 2,83,13,000/* Rs. 97,56,000/- Salient Terms | Transaction Transaction Transaction Transaction | Transaction enter | ofcontract/ | entered bythe | entered bythe —_entered bythe entered by _by the Company | arrangements/ | Company inits | Companyinits | Companyin | the Company | in transactions | Ordinary Course of, Ordinary Course of its Ordinary | in its Ordinary v. Includingthe | Business and Business and on | Course of its Ordinary | Course of value if any ‘on an arm’s length| an arm’s Business and | Course of Business and | length basis onanarm’s | Business and | on an arm's length basis | onanarm’s _ | length basis length basis Date(s) of 01/04/2022 01/04/2022 01/04/2022 01/04/2022 01/04/2022 ae approval by " the Board, if any ‘Amount paid as| Nil NIL NIL NIL NIL Advances, if any FOR, ALISHA SNACKS PRIVATE LIMITED. BREE nN BARKATBHAI NOORDINBHAI VELANI CHAIRMAN DIN: 07188797 98257 76284 [email protected] [email protected] Factory Address: Kanjari Nadiyad Road, Near Industrial Bank, At. Kanjari, Ta. Nadiyad Dist. Kheda. Mailing Address: Plot No. 281, Ambawadi, G.LD.C., Wadhwan - 363 035, Dist. Surendranagar. Gujarat(india)ALISHA SNACKS PVT. LTD. GSTIN : 24AAQCA4128G1ZR CIN : U15549GJ2018PTC100441 ‘ ANNEXURE-I! DETAILS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO {Pursuant to Section 134(3} (m) of The Companies Act, 2013 read with Rule 8(3) of The Companies (Accounts) Rules, 2014] ‘A. CONSERVATION OF ENERGY: Your company continuously seeks to adopt and promote clean energy methods to conserve clean energy and lesser consumption of electricity The efforts to optimize the use of energy through improved operational method and other means will continue in the future. B, TECHNOLOGY ABSORPTION: Your company is committed to use smarter technologies for improved productivity and lesser consumption of resources which will eventually result in savings for your company. Teams have been formed and synchronized in a manner in different industry verticals to optimize the best use of resources. These methods enable teams to explore, learn and adapt smarter practices, smarter procedures which results in time efficient resolutions. C. FOREIGN EXCHANGE EARNINGS AND OUTGO: (amt. in Rs.) Sr. No. Particulars Year ended 31% March, 2023 1 Total Foreign Exchange used : 2.__| Total Foreign Exchange earned - FOR, ALISHA SNACKS PRIVATE LIMITED LA Sea SE ee BARKATBHAI NOORDINBHAI VELANI CHAIRMAN . DIN: 07188797 ©call : 9825776284 M E-mail: [email protected] [email protected] Factory Address: Kanjari Nadiyad Road, Near Industrial Bank, At. Kanjari, Ta. Nadiyad Dist. Kheda. Mailing Address: Plot No. 281, Ambawadi, G.1.D.C., Wadhwan - 363 035, Dist. Surendranagar. Gujarat(india)