DIRECTORS REPORT

To
The Members
NOVYMECH TECHINFRA PRIVATE LIMITED
Your directors are pleased to present the Director’s Report of the Company together with the Audited
Financial Statement for the financial year ended on 31st March 2024

1. FINANCIAL RESULTS

The Company’s financial performances for the year under review along with previous year’s figures are given
hereunder:

(Amt in Hundreds)
Particular C.Y Ended on P.Y Ended on
31 March 2024
st 31st March 2023
Amount (Rs.) Amount(Rs.)
Revenue from operations 615.00 0.00

Other Income 0.00 3.99

Total Revenue 615.00 3.99
Total Expenses: 783.49 155.06
Profit/(Loss) before tax (168.49) (151.07)
Less: Current Income Tax 0.00 0.00
Less: Deferred Tax 0.00 0.00
Net Profit after Tax (168.49) (151.07)
Dividend (including Interim if any and final) 0.00 0.00
Net Profit after dividend and Tax (168.49) (151.07)
2. DIVIDEND
Directors do not recommend any dividend for the financial year ended 31st March 2024.

3. TRANSFER TO RESERVES
The company did not transfer any amount to Reserves during the year.

4. MATERIAL CHANGES AND COMMITMENT, IF ANY

No material changes and commitments affecting the financial position of the Company have occurred
subsequent to the close of the financial year of the Company.

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

The Company had conducted 4 Board meetings during the financial year on the dates tabled below:

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 S.No Date of Board Meeting

1. 25/05/2023

2. 01/09/2023

3. 29/11/2023

4. 27/02/2024

6. DIRECTOR’S RESPONSIBILITY STATEMENT

Your Directors pursuant to the provisions of Section 134 (3) & (5) of the Companies Act, 2013 state that:
a) In the preparation of the annual accounts, the applicable accounting standards had been followed
along with proper explanation relating to material departures;

b) The directors had 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 and loss of the company
for that period;

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

d) The directors had prepared the annual accounts on a going concern basis; and

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

7. DETAILS OF SUBSIDIARY/JOINT VENTURES/ASSOCIATE COMPANIES:

During the year under review, no other company has become or ceased to be the Company's subsidiaries,
joint ventures, or associate companies as defined under the Companies Act, 2013.

8. EXTRACT OF ANNUAL RETURN

The extract of Annual Return pursuant to the provisions of Section 92 read with Rule 12 of the Companies
(Management and Administration) Rules, 2014 is furnished in Annexure A (Form MGT-9) and is attached
to this Report.

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 9. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, AND 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-

The nature of the company’s operations are not energy-intensive. However, wherever possible,
significant measures are taken to reduce energy consumption by using and purchasing energy-
efficient computers and equipment. The Company has already adopted various measures for optimal
utilization of electricity by stringent control on the area of utilization, using natural lighting,
additionally stringent control on air-conditioning and lighting during the closed working hours and
days. Hence, wherever possible your company has taken necessary action to conserve energy.

(B) Technology absorption-

The Company has made efforts towards Technology Absorption, Adaptation, and Innovation. The
Company has not imported any technology and has also not undertaken any Research and
Development activities during the year.

C) Details of Foreign Exchange Earnings and Outgo are as follows:

Foreign Exchange Earnings Current financial year ended Previous financial year ended
and Outgo on 31st March 2024 on 31st March 2023

Amount (Rs.) Amount (Rs.)

Earning In Foreign Exchange - -
Expenditure in Foreign - -
Exchange

10. DISCLOSURE ON CHANGES IN COMPANY’S BUSINESS

a.) There is no change in the nature of business of the company

b.) The Company does not have any subsidiary company.
c.) There is no change in the class of business in which the company has an interest.

11. RISK ASSESSMENT

Risk management is integral to the business model of the Company & the board identifies the key risk
categories to the business of the Company- Strategy, Industry, Counterparts, Resources, Operations,
Regulatory, & societal. Your directors are in process of development and implementation of a risk
management framework that will include identification of elements of risk, if any, which in the opinion of
the Board may threaten the existence of the Company.

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12. 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.

13. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

The particulars of every contract or arrangement entered into by the Company with related parties
referred to in sub-section (1) of section 188 of the Companies Act are disclosed in Annexure C (Form No.
AOC -2)

14. CORPORATE SOCIAL RESPONSIBILITY POLICY & INITIATIVES

During the year under review, Corporate Social Responsibility Policy was not applicable to the Company.
Hence, the Company has not formed, implemented, and taken any initiative in this regard.

15. DIRECTORSHIP

The board is duly constituted,

Existing Directors:

1. Sugandh Kumar
2. Rajesh Kumar
Changes during the year: NIL

16. STATUTORY AUDITORS

M/s Goyal Neha & Associates chartered Accountants having FRN 024299C was appointed as statutory
auditors of the Company to hold office for the conclusion of the Annual General Meeting held for the
financial year ended 31.03.2024.

17. AUDITOR’S REPORT

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

18. PUBLIC DEPOSITS

The company has not accepted any deposit within the meaning of section 73 of the Companies Act, 2013
and the rules framed thereunder, during the period.

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19. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS
OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY’S OPERATIONS IN
FUTURE

There were No significant and material orders that were passed by any regulators or courts or tribunals
which impact the going concern status and the company’s operations in the future.

20. DETAILS IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO

THE FINANCIAL STATEMENTS

During the period under review, the Company was not required to appoint the internal auditor pursuant
to the provisions of Section 138 of Companies Act 2013.

21. PARTICULARS OF EMPLOYEES

Pursuant to the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014,
statement of particulars of the names of the top ten employees in terms of remuneration drawn and the
name of every employee, who

a) Employed throughout the financial year, was in receipt of remuneration for that year which, in the
aggregate, was not less than one crore and two lakh rupees: NIL

b) Employed for a part of the financial year, was in receipt of remuneration for any part of that year, at a
rate which, in the aggregate, was not less than eight lakh and fifty thousand rupees per month: NIL

c) Employed throughout the financial year or part thereof, was in receipt of remuneration in that year
which, in the aggregate, or as the case may be, at a rate which, in the aggregate, is in excess of that drawn
by the managing director or whole-time director or manager and holds by himself or along with his
spouse and dependent children, not less than two percent of the equity shares of the company: NIL

22. TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND

Your Company did not have any funds lying unpaid or unclaimed for a period of seven years. Therefore
there were no funds that were required to be transferred to Investor Education and Protection Fund (IEPF).

23. ACKNOWLEDGEMENTS

Your Directors would like to express their sincere appreciation for the assistance and co-operation received
from the financial institutions, banks, Government authorities, customers, vendors, and members during
the year under review.

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 Your Directors also wish to place on record their appreciation for the committed services by the
Company's consultants, staff, and workers.

FOR AND ON BEHALF OF

NOVYMECH TECHINFRA PRIVATE LIMITED

Sugandh Kumar Rajesh Kumar

Managing Director Director
DIN: 08587045 DIN: 08587046

Date: 27/09/2024
Place: Modinagar