Directors Report of Advance Multitech Ltd.

Mar 31, 2024

Your Directors are pleased to present 45 ^th Annual Report and the company’s audited
financial statement for the financial year ended March 31, 2024.

Brief description of the Company’s working during the year/State of Company’s
affairs:

Figure for the current year was quite satisfactory. The consolidated revenue for the year is
decreased by 9.80% to Rs. 7,84,15,516 as compared to Rs. 8,69,32,237 during the last
year. The net loss after tax is Rs.682.41 lacs as compared to last year’s profit after tax of
Rs.740.54 lacs.

Transfer to Reserves:

The opening balance of Reserves and Surplus is Rs. 1238.79 lacs. Loss of Rs. 682.41 lacs
is transferred to Profit and loss. The Closing Balance of Reserves and Surplus is Rs.
556.39 lacs.

FINANCIAL RESULTS:

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

(Rs. Tn Lacs )

The Break-up of Profit is given as	31stMarch,	31st March,
follows	2024	2023
Total Revenue	789.11	1607.27
Profit before Interest & Depreciation and Taxation	(636.53)	833.42
Finance Cost	15.33	38.78
Depreciation	42.48	51.52
Total Expenditure	1483.45	864.15
Net Profit Before Taxation	(694.34)	743.12
Current Tax	-	4.25
Deferred Tax	(7.68)	(2.11)
Net Profit After Taxation	(682.41)	740.54

DIVIDEND

In order to conserve the resources, your Directors do not recommend any dividend on
equity shares of the Company.

CHANGE IN NATURE OF BUSINESS:

There is no change in the nature of business of the Company during the year

SHARE CAPITAL:

During the year under review, there was no change in the Company’s issued, subscribed
and paid-up equity share capital. on 31^st March, 2024 it stood at Rs. 4,02,85,710/- divided
into 40,76,781 equity Shares of Rs. 10/- each less Allotment of Arrears of Rs. 4,82,100/-.
The Company has neither issued shares with differential rights as to dividend, voting or
otherwise nor issued shares (including sweat equity shares) to the employees or Directors
of the Company, under any Scheme. No disclosure is required under Section 67(3)(c) of
Companies Act, 2013 in respect of voting rights not exercised directly by the employees
of the Company as the provisions of the said Section are not applicable.

FUTURE PROSPECTUS:

Due to buoyancy in the economy and favorable economic condition, the performance of
the company will further improve in the years ahead.

MATERIAL CHANGES AND COMMITMENTS:

There are no material changes and commitments 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 this report.

There are no significant and material orders passed by the regulators or courts or
tribunals impacting the going concern status and company’s operations in future.

SUBSIDIARIES/ JOINT VENTURE/ ASSOCIATE COMPANIES:

Company has no subsidiary/joint ventures/associate companies. As there are no
subsidiaries, associates and joint ventures companies, no consolidated financial statements
required to be given.

DIRECTORS’ RESPONSIBILITY STATEMENT:

Your Directors Statement and confirm that:

i) in the preparation of the annual accounts, the applicable accounting standards had
been followed and there are no material departures from the same;

ii) 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 financial year
and of the profit and loss of the company for the year ended on that date.

iii) the directors had taken proper and sufficient care of 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 had 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 are operating
effectively.

vi) the directors had devised proper systems to ensures compliance with the provisions
of all applicable laws and that such systems are adequate and operating effectively.

RELATED PARTIES TRANSACTIONS

There is no significant or material contract or arrangement entered into by the Company
with related parties referred to in sub-section (1) of Section 188 of the Companies Act,
2013. Your Directors draw attention of the members to Note 36 to the financial
statement which sets out related party disclosures.

COST AUDIT AND COST RECORDS:

The Provision of Cost audit and cost records is not applicable to the Company.

CORPORATE GOVERNANCE:

Corporate Governance provisions as stipulated in Chapter IV of Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, is not
applicable to the Company and hence nothing to report thereon.

CORPORATE SOCIAL RESPONSIBILITIES:

As the Company’s net worth, turnover or net profits are below the limit prescribed under
section 135 of the Companies Act 2013 and hence CSR is not applicable to your
Company.

RISK MANAGEMENT:

Your company has Risk Management Framework as approved by the Board of Directors
which provides mechanism to identify, evaluate business risk and opportunities. The risk
associated with the business of the Company, its root causes are reviewed and steps are
taken to mitigate the same. The Audit Committee and Board of Directors also reviews
the key risk associated with the business of the Company, the procedure adopted to
assess the risk, efficacy and mitigation measures.

INSIDER TRADING POLICY:

The Policy provides the framework in dealing with securities of the Company. The Policy
was revised and adopted effective April 01, 2019. The Insider trading policy was amended
in line with SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018. The
Key changes include, inter alia, change in definition of Designated Persons, Maintenance

of digital database, internal controls and policy and procedure for inquiry in case of leak
of UPSI.

INTERNAL FINANCIAL CONTROL:

The Company has a good system of internal controls in all spheres of its activity. The
internal control system is supplemented by effective internal audit being carried out by an
external firm of Chartered Accountants. The Audit committee regularly reviews the
findings of the internal auditors and effective steps to implement the suggestion /
observation of the Auditors are taken and monitored regularly. In the opinion of the
Board, an effective internal control system adequate to the size of the Company exists.

SECRETARIAL STANDARDS

The Directors state that applicable Secretarial Standards, i.e. SS-1 and SS-2, relating to
‘Meetings of the Board of Directors’ and ‘General Meetings’, respectively, have been duly
followed by the Company.

DIRECTORS AND KEY MANAGERIAL PERSONNEL:

During the year there is no changes took place amongst directors and key managerial
personnel

The Board of Directors of the company has various Executive and Non-Executive
Directors including Independent Directors who have wide experience in different
disciplines of corporate functioning.

Pursuant to the provisions of Section 152(6) of the Companies Act, 2013, Ms. Anchal
Goenka (DIN 07145448) retires by rotation at the ensuing Annual General Meeting and
being eligible, offers herself for re-appointment. Your directors recommend her re¬
appointment.

After the financial year ended 2023-24, Board of Directors has appointed Mr. Nishit
Bharatbhai Popat and Mrs. Priyanka K Gola in place of Mr. Nirish Parikh, Mr. Vivek
Pareek amd Mr. Chetan Patel as Additional Director in the category of Non Executive
Independent Director of the company w.e.f. 13th August, 2024 subject to the approval of
shareholders in the 45th Annual General Meeting.

Mr. Pulkit Goenka has resigned as Non Executive Director w.e.f. 13^th August, 2024.

Brief details of Director proposed to be re-appointed as required under regulation 36 of
the SEBI Listing Regulations are provided in the Notice of Annual General meeting.

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 and
Regulation 25 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015. The terms and conditions of the Independent Directors are
incorporated on the website of the Company www.advancemulti.com

COMPOSITION OF BOARD OF DIRECTORS AND ITS COMMITTEES:
Composition of Board

The Board of Directors has an optimum combination of Executive and Non-Executive
Directors and Independent directors in accordance with the provisions of the Act. The
composition of the Board of Directors of the company as on 31^st March, 2024 is as
under:

. o	Name	Designation	Executive/ Non Executive
1.	Mr. Arvind Goenka	Chairman & Managing Director	Executive
2.	*Mr.Pulkit Goenka	Non Independent	Non Executive
3.	Himanshubhai Surendrabhai Shukla	Non Independent	Non Executive
4.	Ms. Aanchal Goenka	Non Independent	Non Executive
5.	*Mr. Chetan Popatlal Patel	Independent Director	Non Executive
6.	*Mr. Nirish Parikh	Independent Director	Non Executive
7.	*Mr. Vivek Pareek	Independent Director	Non Executive

*Mr. Nirish Parikh has resigned as a Non-Executive Independent Director w.e.f. 13/08/2024.

* Mr. Vivek Pareek has resigned as a Non-Executive Independent Director w.e.f.
13/08/2024.

* Mr. Chetan Patel has resigned as a Non-Executive Independent Director w.e.f.
13/08/2024.

* Mr. Pulkit Goenka has resigned as a Non-Executive Non- Independent Director
w.e.f. 13/08/2024.

* Mr. Nishit Bharatbhai Popat is appointed as a Non-Executive Independent Director
w.e.f. 13/08/2024.

* Mrs. Priyanka K Gola is appointed as a Non-Executive Independent Director w.e.f.
13/08/2024.

None of the Directors hold office in more than 20 companies and in more than 10 public
companies as prescribed under Section 165(1) of the Act. No Director holds
Directorships in more than 7 listed companies. Further, none of the Non-Executive
Directors serve as Independent Director in more than 7 listed companies as required
under the Listing Regulations. The Managing Director does not serve as an Independent
Director in any listed company.

06 (Six) Board meetings were held during the year in accordance with the provisions of
the Act where due quorum were present in each meeting. The Agenda of the board
meeting and notes of the agenda are circulated to the directors well in advance. The
members of the board discussed each and every item of the agendas freely in detail. Dates
of Board Meeting and No. of directors attending meeting are:

Sr. No.	Date of meeting	No. of directors present
1	24.05.2023	7
2	14.08.2023	7
3	08.11.2023	7
4	09.02.2024	7
5	16.02.2024	7
6	23.02.2024	7

AUDIT COMMITTEE:

The company has an Audit Committee. The Composition of Committee is as under:

Sl N o.	Name of Members	Member/ Chairman	No. of Meeting entitled	Number of meeting Attended
01	Mr. Nirish Parikh	Chairman	4	4
02	Mr. Chetan Popatlal Patel	Member	4	4
03	Mr. Himanshubhai Surendrabhai Shukla	Member	4	4

The composition of committee inter alia meets with the requirement of Section 177 of
the Companies Act, 2013. During the year under review, the audit committee met on
24.05.2023, 14.08.2023, 08.11.2023 & 09.02.2024.

FUNCTIONSAND POWERS OFAUDIT COMMITTEE:

The Committee shall have discussions with the auditors periodically about internal
control systems, the scope of audit including observation of the auditors and review of
financial statement before their submission to the Board and discuss any related issue
with internal and statutory auditors and the management of the company.

In discharging the function of the Audit Committee, the committee shall have the
authority to investigate into any matter in relating to any terms specified in Section 177 or
referred to it by the Board and duties, authority and powers referred to SEBI (Listing
Obligations and Disclosure Requirements ) Regulations 2015.

RESPONSIBILITY OF THE COMMITTEE:

The Committee may assign any matter of importance nature relating to the accounts,
finance, taxation, inspection and investigation from time to tome and may require
submitting a report to the Board on such matters within the stipulated time.

The committee on any matter relating to financial management including audit report
shall submit a report to the Board from time to time.

The Board has accepted all the recommendation made by the Audit Committee.

NOMINATION AND REMUNERATION COMMITTEE:

The Company has Nomination and Remuneration Committee: The Composition of
Committee is in accordance with the Companies Act, 2013. Members of the Committee
are as under:

Sl. N o.	Name of Members	Member/Chair man	No. of Meeti ng entitle d	Numb er of meetin g Attend ed
01	Mr. Nirish Parikh	Chairman	1	1
02	Mr. Chetan Popatlal Patel	Member	1	1

04

Mr. Himanshub hai Surendrabh ai Shukla

Member

1

1

During the year 1 (one) meeting of the Nomination and Remuneration Committee was
held during the Financial year 2023-24 on 09^th February, 2024.

The Committee shall have at least the following basic responsibilities:

• To identify persons who are qualified to become directors and who may be
appointed in senior management in accordance with the criteria laid down,
recommend to the Board their appointment and removal and shall carry out
evaluation of every director’s performance.

• To formulate and review criteria that must be followed for determining
qualification for determining qualifications, positive attributes and independence
of director.

• To recommend the Board a policy relating to the remuneration for the directors,
key managerial personnel and other employees and to ensure compliance with
the remuneration policy set forth by the Company.

• To propose to the Board the members that must form part of the Committee.

• To report on the systems and on the amount of the annual remuneration of
directors and senior management.

STAKEHOLDERS RELATIONSHIP COMMITTEE:

The Committee has Investor Grievance Committee as Stakeholders Relationship
Committee. The composition of the Committee is in accordance with the Companies
Act, 2013. The Composition of the Committee is as under:

Sl. No.	Name of Members	Member/Chair man	No. of Meeting entitled	Number of meeting Attended
01	Mr. Himanshubhai Surendrabhai Shukla	Chairman	1	1
02	Mr. Vivek Ramesh Pareek	Member	1	1
03	Mr. Nirish Parikh	Member	1	1

During the Financial year, 1 (One) meeting of the Stakeholder Relationship Committee
was held on 09^th February, 2024. Requisite quorum was present during the meetings.

Basic Responsibilities of the Committee:

• Considering and resolving the grievance of shareholders of the Company with
respect to transfer of shares, non receipt of annual report etc.

• Ensuring expeditious share transfer process in line with the proceedings of the
Share Transfer Committee.

• Evaluating performance and service standards of the Registrar & Share Transfer
Agent of the Company.

• Providing guidance and making recommendation to improve service levels for
investors.

Details of the Meeting and its attendance are given as under:

	Board Meeti ng	Audit Committ ee	Nominatio n & Remunerati on Committee	Stakehold ers Relationsh ip Committe e
No. of Meetings held	6	4	1	1
Attendance
Mr. Nirish J. Parikh	6	4	1	1
Mr. Himanshub hai Surendrabh ai Shukla	6	4	1	1
Mr. Pulkit Goenka	6
Mr. Arvind Goenka	6
Ms. Aanchal Goenka	6
Mr. Vivek Pareek	6			1

Mr. Chetan	6	4	1	-
Popatlal
Patel

BOARD EVALUATION:

Pursuant to the provisions of the Companies Act, 2013, the Board has carried out an
annual performance evaluation of its own performance, the directors individually as well
as the evaluation of the working of its Audit, Nomination & Remuneration and
Stakeholders Relationship Committee.

Various aspects of the Board’s functioning were evaluated such as adequacy of the
composition of the Board and its Committees, Board culture, execution and performance
of specific duties, obligations and governance.

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, independence of judgment, safeguarding the interest of the
Company and its minority shareholders etc. 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 Directors expressed their satisfaction with the evaluation process.

DECLARATION BY INDEPENDENT DIRECTORS:

The Independent directors have submitted their disclosure to the Board that they fulfill
all the requirements as to qualify for their appointment as an Independent Director under
the provisions of the Companies Act, 2013 and under the Listing Agreement with the
Stock Exchanges.

Note: All Independent Directors have not passed online proficiency self-assessment test for independent
directors.

DISCLOSURE UNDER SECTION 164(2) OF THE COMPANIES ACT, 2013:

The Company has received the disclosure in Form DIR - 8 from its Directors being
appointed or re-appointed and has noted that none of the Directors are disqualified
under Section 164(2) of the Companies Act, 2013 read with Rule 14(1) of Companies
(Appointment and Qualification of Directors) Rules, 2014.

REMUNERATION TO DIRECTORS:

The remuneration paid to Directors, Non-Executive Directors and Independent
Directors are disclosed in the Extract to the Annual Return i.e. MGT — 9 as available on
the website of the company at www.advancemulti.com.

VIGIL MECHANISM

Company has vigil mechanism in force to deal with instances of fraud and
mismanagement if any. The mechanism ensures that strict confidentiality is maintained
whilst dealing with the concern and also that no discrimination will be meted to any
person for a genuinely raised concern. The Chairman of the Audit Committee may also
be contacted by employees to report any suspected or concerned incident of fraud /
misconduct.

The detail of the Policy has been posted on the website of the Company.

EMPLOYEE STOCK OPTION ETC:

During the year there are no issue of equity shares with differential rights, no issue of
sweat equity shares, no issue of employee stock options and no provision of money by
company for purchase of its own shares by employees or by trustees for the benefit of
the employees, the details required to be given under various rules issued under the
Companies Act 2013 is NIL.

SECRETARIAL AUDITOR:

The Board has appointed Sourabh Patawari, Practicing Company Secretary to conduct
Secretarial Audit for the financial year 2023-2024. The secretarial Audit Report for the
financial year March 31, 2024 is annexed herewith as Annexure B to the Report. With
respect to the observation of the Secretarial Auditor, the Board replies hereunder:-

1. Towards SEBI Circular on 100% of promoter’s holding in demat form, the Company has
96.452% of promoter’s holding in dematform.

Reply: Your directors submit that some of the promoters are in active promoter
and one or two are death case. The Company has already taken step and been
able to get 96.52% promoters holding in demat form. The process is on for
getting rest of promoter shares in demat form and it will be completed very
shortly.

2. The Company has NOT paid listing feesfor the year 2023 — 2024.

Reply:

Due to suspension of securities, the Company has not paid the listing fees. The
Company is under Process for revocation of suspension of securities and the
same will be paid.

AUDITORS AND AUDITORS REPORT:

In compliance with the Companies (Audit and Auditors) Rules, 2014, M/s. Suresh R
Shah & Associates, Chartered Accountants., has been re- appointed as Statutory Auditors
of the Company till the conclusion of Annual General Meeting for the F. Y. 2026-27, as
approved by the members at their Annual General Meeting held on 30, September, 2022.

There is no qualification or adverse remarks made by the auditors in their report.

No fraud has been reported by the auditors in their report.

INTERNAL AUDITORS:

The Board of Directors has appointed Tibrewal Bhagat & Associates, Chartered
Accountants, (M.No.: 125173) as Internal Auditors of the Company. The Audit
Committee of the Board of Directors in consultation with the Internal Auditors,
formulate the scope, functioning periodicity and methodology for conducting the internal
audit.

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

The Company has zero tolerance towards sexual harassment at the workplace and has
adopted a policy on prevention, prohibition and redressal of sexual harassment at
workplace in line with the provisions of the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013 and the Rules thereunder.

The Company always endeavours to create and provide an environment that is free from
discrimination and harassment including sexual harassment. The Company has in place a
robust policy on prevention of sexual harassment at workplace. The policy aims at
prevention of harassment of employees as well as contractors and lays down the
guidelines for identification, reporting and prevention of sexual harassment.

During the Financial Year 2023-2024, the Company has not received any complaint of
sexual harassment.

LOANS, GUARANTEE, INVESTMENTS AND SECURITY

Particulars of investment made, loans given etc are given in the financial statement
(Please refer to Note 4 and 5 to financial statement). The Company has not provided any
guarantee for the loans availed by others. The Company has not provided any security for
the loans availed by others.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTIONS AND
FOREIGN EXCHANGE EARNINGS AND OUTGO ARE AS FOLLOWS:

Our industry is not heavy consumer of energy, further during the year under review the
company made efforts to conserve energy through reduction consumption, the company
will continue to endeavor of conserve energy and use it more efficiently. Particulars of
Energy conservation and its use is given below:

Particulars	2023-2024	2022-2023
Electricity Purchase	1773701	2100039
Total Amount (Rs.)	18293067.80	19636639.61
Rate per unit (Rs.)	10.31	9.35

Company is having its own research & development facilities. The process of
development is a continuous process resulting in development of new & import
substitute products. Company is taking all appropriate measures to absolve the
technology in its area of operation.

Particulars of Foreign exchange earnings and outgo is provided in the notes to the
accounts. Members are requested to refer the same.

EXTRACT OF ANNUAL RETURN:

Pursuant to provision of Section 92 (3) of provision of the Companies Act, 2013 and of
Rule 12 of Companies (Management and Administration) Rules, 2014 the extract of the
annual return in form MGT-9 for the Financial Year ended on 31^st March, 2024 is
available on the website of the company at www.advancemulti.com.

PARTICULARS OF EMPLOYEES AND OTHER RELATED DISCLOSURES:

The Company has no employee drawing the remuneration of One Crore and two Lakh
rupees or more or if employed for the part of the financial year was in receipt of
remuneration of Eight lakh fifty thousand Rupees or more per month.

However the information required pursuant to Section 197 read with Rule, 5(1) of The
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 in
respect of employees of the Company, is provided in Annexure C to the report.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

As required by SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 with the Stock Exchange, the Management Discussion and Analysis report form
part of the Annual Report and is annexed herewith as Annexure D.

REMUNERATION POLICY

The company’s policy relating to appointment of directors, payment of managerial
remuneration, directors’ qualifications, positive attributes, independence of directors and
other related matters as provided under Section 178(3) of the Companies Act, 2013 is
furnished in Annexure — E and is attached to this report.

DEPOSITS:

Your Company has not accepted any deposits which fall under Chapter V and Section 73
to Section 76 of the Companies Act, 2013.

DETAILS OF APPLICATIONS MADE OR PROCEEDING PENDING
UNDER THE INSOLVENCY AND BANKRUPTCY CODE 2016:

During the year under review, there were no applications made or proceedings pending
under the Insolvency and Bankruptcy Code, 2016.

DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE
TIME SETTLEMENT AND VALUATION WHILE AVAILING LOAN FROM
BANKS AND FINANCIAL INSTITUTIONS:

During the year under review, there has been no one time settlement of loans from the
Bank or Financial Institutions.

GENERAL SHAREHOLDER INFORMATION

45th Annual General Meeting
Venue	Plot No. 167, Pirana Road, Village: Piplej, Ahmedabad
Date	September 30, 2024
Time	04:00 P.M.
Book Closure	From 24/09/2024 to 30/09/2024 (both days inclusive)

LISTING OF SHARES: BSE

Your Company is currently listed with BSE Ltd. The company has not paid listing fees
for the year 2023-2024. The Company is suspended on BSE Portal.

ISIN of the Company: INE875S01019.

REGISTRAR AND SHARE TRANSFER AGENTS: (R & T) & SHARE
TRANSFER SYSTEM

The company has appointed M/s. Bigshare Services Private Limited, A-802, Samudra
Complex, off C G Road, Navrangpura, Near Girish Cold Drinks Ahmedabad 380009,
Gujarat India.as Registrar and Transfer Agents for electronics shares. The average time
taken in transfer of shares is 15 days provided documents are correct and valid in all
respect. The depositories directly transfer the dematerialized shares to the beneficiaries.

ACKNOWLEDGMENT:

Your Directors wish to place on record their deep sense of gratitude to Banks for their
continued support and cooperation. Our sincere thanks are also due to our esteemed
customers, suppliers and finally to employees of the Company for their untiring efforts
and commitment to their duties.

By Order of the Board of Directors
For, Advance Multitech Ltd

Arvind Goenka

Chairman & Managing Director
DIN: 00093200

Registered Office :

36, Kothari Market,

Ahmedabad — 380 022

Place: Ahmedabad
Date: 13.08.2024

---

Mar 31, 2015

Dear Members,

The Directors are pleased to present 36th Annual Report and the company's audited financial statement for the financial year ended March 31, 2015.

FINANCIAL RESULTS:

The company's financial performance for the year ended March 31, 2015 is summarized below:

The Break-up of Profit is 31st March, 2015 31st March, 2014 given as follows

Total Revenue 124340744 90689635

Total Expenditure 121787174 88005466

Net Profit Before Taxation 2553571 2684169

Current Tax 486583 600000

Deferred Tax (881885) (214818)

Net Profit After Taxation 2948872 2298987

Add/Less : Excess/Short

Provision for Income Tax. 88532 29480

Profit for the Period for 3037405 2328467 Appropriation Earning Per Shares

Basic 0.75 0.57

Diluted 0.75 0.57

Dividend

In order to conserve the resources, your Directors do not recommend any dividend on equity shares of the Company.

Brief description of the Company's working during the year/State of Company's affairs:

During the year, consolidated revenue for the year is increased by 37.11% to Rs. 1243.40 Lacs as compared to Rs.906.89 Lacs during the last year as a result net profit after tax increased to Rs.29.49 Lacs as against Rs.22.99 Lacs during the last year representing an increase of 28.26% during the year.

The Company does not propose to transfer to reserves and entire profit is proposed to be retained in the Statement of Profit & Loss in the form of surplus.

There is no change in the nature of business of the Company during the year.

Future Prospectus:

Due to buoyancy in the economy and favourable economic condition, the performance of the company will further improve in the years ahead.

Material Changes and Commitments:

There are no material changes and commitments 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 this report.

There are no significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and company's operations in future.

Subsidiaries/ Joint Venture/ Associate Companies:

Company has no subsidiary/joint ventures/associate companies. As there are no subsidiaries, associates and joint ventures companies, no consolidated financial statements required to be given.

Directors' Responsibility Statement:

Your Directors Statement and confirm that:

i) in the preparation of the annual accounts, the applicable accounting standards had been followed and there are no material departures from the same;

ii) 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 financial year and of the profit and loss of the company for the year ended on that date.

iii) the directors had taken proper and sufficient care of 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 had 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 are operating effectively.

vi) the directors had devised proper systems to ensures compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

Related Parties Transactions

There is no contract or arrangement entered into by the Company with related parties referred to in sub-section (1) of Section 188 of the Companies Act, 2013. Your Directors draw attention of the members to Note 35 to the financial statement which sets out related party disclosures.

Corporate Governance:

The amended Clause 49 of listing requirements on Corporate Governance is not applicable to the Company and hence nothing to report thereon.

Corporate Social Responsibilities:

As the Company's net worth, turnover or net profits are below the limit prescribed under section 135 of the Companies Act 2013 and hence CSR is not applicable to your Company.

Risk Management

Your company has Risk Management Framework as approved by the Board of Directors which provides mechanism to identify, evaluate business risk and opportunities. The risk associated with the business of the Company, its root causes are reviewed and steps are taken to mitigate the same. The Audit Committee and Board of Directors also reviews the key risk associated with the business of the Company, the procedure adopted to assess the risk, efficacy and mitigation measures.

Internal Financial Control:

The Company has a good system of internal controls in all spheres of its activity. The internal control system is supplemented by effective internal audit being carried out by an external firm of Chartered Accountants. The Audit committee regularly reviews the findings of the internal auditors and effective steps to implement the suggestion / observation of the Auditors are taken and monitored regularly. In the opinion of the Board, an effective internal control system adequate to the size of the Company exists.

Directors and Key Managerial Personnel:

In accordance with the provisions of the Act and the Articles of Association of the Company, Mr. Shailesh Dhruv (DIN 00176619) and Mr. Shaileshsingh Rajput (DIN 00176962) retire by rotation at the ensuing Annual General Meeting and being eligible have offered themselves for re-appointment.

Mr. J. K. Trivedi (DIN 00176500) has resigned as director w.e.f. 30/07/2014.

Pursuant to the provisions of Section 149, 152 read with Schedule IV of the Companies Act, 2013, Mr. Nirish J. Parikh (DIN 03506494) and Mr. Omprakash Jalan (DIN:00176876), have been appointed as Independent directors by the shareholders at 35th Annual General meeting held on September 30, 2014 for a period of five years.

Pursuant to the provisions of Section 161 (1) of the Companies Act, 2013 Ms. Aanchal Goenka (DIN 07145448) was appointed as additional director designated as woman director of the Company with effect from March 31, 2015 and She shall hold office upto the date of ensuing annual general meeting. The company has received requisite notices in writing from members proposing Ms. Aanchal Goenka as Director of the Company.

Mr. Mukesh P. Shah, has been designated as Chief Financial Officer of the Company with effect from March 31, 2015.

COMPOSITION OF BOARD OF DIRECTORS AND ITS COMMITTEES:

Composition of Board

The Board of Directors has an optimum combination of Executive and Non-Executive Directors and Independent directors in accordance with the provisions of the Act. The composition of the Board of Directors of the company as on 31st March, 2015 is as under:

Sl. Name Designation No.

1. Mr. Arvind Goenka Chairman & Managing

2. Mr. Shailesh Dhruv Whole time director

3. Mr. Pulkit Goenka Non Independent

4. Mr. Ashok Goenka Non Independent

5. Mr. Shaileshsingh Rajput Non Independent

6. Ms. Aanchal Goenka Non Independent

7. Mr. Omprakash Jalan Independent Director

8. Mr. Nirish Parikh Independent Director

Sl. Name Executive/ No. Non Executive

1. Mr. Arvind Goenka Director Executive

2. Mr. Shailesh Dhruv Executive

3. Mr. Pulkit Goenka Non Executive

4. Mr. Ashok Goenka Non Executive

5. Mr. Shaileshsingh Rajput Non Executive

6. Ms. Aanchal Goenka Non Executive

7. Mr. Omprakash Jalan Non Executive

8. Mr. Nirish Parikh Non Executive

9 Board meetings were held during the year. The details of Board Meetings are given below:

Date of meeting No. of directors present

18/04/2014 5

30/05/2014 5

30/07/2014 4

29/08/2014 4

30/09/2014 3

30/10/2014 4

10/02/2015 5

20/03/2015 3

31/03/2015 5

Audit Committee:

During the year the company has reconstituted its Audit Committee. The Composition of Committee is as under:

Sl. No. Name Designation Position in Committee

01 Mr. Omprakash Jalan Director Chairman

02 Mr. Nirish Parikh Director Member

03 Mr. Shaileshsingh Rajput Director Member

The composition of committee inter alia meets with the requirement of Section 177 of the Companies Act, 2013

Functions and Powers of Audit Committee:

The Committee shall have discussions with the auditors periodically about internal control systems, the scope of audit including observation of the auditors and review of financial statement before their submission to the Board and discuss any related issue with internal and statutory auditors and the management of the company.

In discharging the function of the Audit Committee, the committee shall have the authority to investigate into any matter in relating to any terms specified in Section 177 or referred to it by the Board.

Responsibility of the Committee :

The Committee may assign any matter of importance nature relating to the accounts, finance, taxation, inspection and investigation from time to tome and may require submitting a report to the Board on such matters within the stipulated time.

The committee on any matter relating to financial management including audit report shall submit a report to the Board from time to time.

The Board has accepted all the recommendation made by the Audit Committee. Nomination and Remuneration Committee:

During the year the Company has renamed and reconstituted its Remuneration Committee as the Nomination and Remuneration Committee:

The Composition of Committee is as under:

Sl. No. Name Designation Position in Committee

01 Mr. Nirish Parikh Director Chairman

02 Mr. Omprakash Jalan Director Member

03 Mr. Shaileshsingh Rajput Director Member

The Committee has been reconstituted in terms of Section 178 of the Companies Act, 2013. The Committee shall have at least the following basic responsibilities:

* To identify persons who are qualified to become directors and who may be appointed in senior management in accordance with the criteria laid down, recommend to the Board their appointment and removal and shall carry out evaluation of every director's performance.

* To formulate and review criteria that must be followed for determining qualification for determining qualifications, positive attributes and independence of director.

* To recommend the Board a policy relating to the remuneration for the directors, key managerial personnel and other employees and to ensure compliance with the remuneration policy set forth by the Company.

* To propose to the Board the members that must form part of the Committee.

* To report on the systems and on the amount of the annual remuneration of directors and senior management.

Stakeholders Relationship Committee

The Committee has reconstituted and renamed Investor Grievance Committee as Stakeholders Relationship Committee. The composition of the Committee is in accordance with the Companies Act, 2013. The Composition of the Committee is as under:

Sl. No. Name Designation Position in Committee

01 Mr. Shaileshsingh Rajput Director Chairman

02 Mr. Omprakash Jalan Director Member

03 Arvind Goenka Director Member

04 Ashok Goenka Director Member

Basic Responsibilities of the Committee:

* Considering and resolving the grievance of shareholders of the Company with respect to transfer of shares, non receipt of annual report etc.

* Ensuring expeditious share transfer process in line with the proceedings of the Share Transfer Committee.

* Evaluating performance and service standards of the Registrar & Share Transfer Agent of the Company.

* Providing guidance and making recommendation to improve service levels for investors.

Details of the Meeting and its attendance are given as under:

Audit Nomination Stakeholders Committee & Remuneration Relationship Committee Committee

No. of Meetings held

Attendance

Mr. Omprakash Jalan 4 1 1

Mr. Nirish J. Parikh 4 2 -

Mr. Shaileshsingh Rajput 3 2 3

Mr. Ashok Goenka - - 3

Mr. Arvind Goenka - - 2

The Committee was reconstituted in October, 2014.

BOARD EVALUATION:

Pursuant to the provisions of the Companies Act, 2013, the Board has carried out an annual performance evaluation of its own performance, the directors individually as well as the evaluation of the working of its Audit, Nomination & Remuneration and Stakeholders Relationship Committee.

Various aspects of the Board's functioning were evaluated such as adequacy of the composition of the Board and its Committees, Board culture, execution and performance of specific duties, obligations and governance.

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, independence of judgment, safeguarding the interest of the Company and its minority shareholders etc. 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 Directors expressed their satisfaction with the evaluation process.

Remuneration to Directors:

The remuneration paid to Directors, Non Executive Directors and Independent Directors are disclosed in the Extract to the Annual Return i.e. MGT - 9 as Annexure A to the Board Report.

Vigil Mechanism

Company has vigil mechanism in force to deal with instances of fraud and mismanagement if any. The mechanism ensures that strict confidentiality is maintained whilst dealing with the concern and also that no discrimination will be meted to any person for a genuinely raised concern. The Chairman of the Audit Committee may also be contacted by employees to report any suspected or concerned incident of fraud / misconduct.

Employee Stock Option etc:

During the year there are no issue of equity shares with differential rights, no issue of sweat equity shares, no issue of employee stock options and no provision of money by company for purchase of its own shares by employees or by trustees for the benefit of the employees, the details required to be given under various rules issued under the Companies Act 2013 is NIL.

Secretarial Auditor:

The Board has appointed Mr. Bipin L. Makwana, Practicing Company Secretary to conduct Secretarial Audit for the financial year 2014-2015. The secretarial Audit Report for the financial year March 31, 2015 is annexed herewith. With respect to the observation of the Secretarial Auditor, the Board replies hereunder:-

1. Company's shares are not in demat form.

Your Directors respectfully submit that there was delay in getting capital confirmation from the Stock Exchange and hence there was delay in obtaining ISIN. The Company has just got the ISIN and the process is on in getting shares in demat form and it will be completed very shortly.

2. The Company has not appointed a whole time qualified Company Secretary in the Company.

The Company's paid up share capital of the Company is less than Rs.5 Crores. However to ensure the better compliances of the various laws, the Company is taking steps to appoint a qualified company secretary who can accommodate in the organization.

Auditors and Auditors Report:

M/s. Nahta Jain & Associate, Chartered Accountants, Ahmedabad (FRN 106801W) are the statutory auditors of the Company and there are no changes in the same and they are being eligible offers themselves for reappointment and Board recommend their reappointment.

There are no qualifications, reservation or adverse remark or disclaimer made by the statutory auditors in their auditor's report.

Loans, Guarantee, Investments and Security

Particulars of investment made, loans given etc are given in the financial statement (Please refer to Note 9, 10 and 14 to financial statement).

Conservation of energy, technology absorptions and foreign exchange earnings and outgo are as follows:

Our industry is not heavy consumer of energy, further during the year under review the company made efforts to conserve energy through reduction consumption, the company will continue to endeavor of conserve energy and use it more efficiently. Particulars of Energy conservation and its use is given below:

Particulars 2014-2015 2013-2014

Electricity Purchase 2288183 1877035

Total Amount (Rs.) 18216439 12632031

Rate per unit (Rs.) 7.96 6.73

Company is having it's own research & development facilities. The process of development is a continuous process resulting in development of new & import substitute products. Company is taking all appropriate measures to absolve the technology in its area of operation.

Particulars of Foreign exchange earnings and outgo is given as under:

Particulars 2014-2015

Foreign Exchange Earnings (Rs.) 9395335/-

Foreign Exchange Outgo (Rs.) Nil

Extract of Annual Return:

Extract of the Annual Return of the Company is enclosed herewith as an annexure A to this Report.

Particulars of Employees and Other Related disclosures:

The Company has no employee drawing the remuneration of Rs.5 Lacs p.m or Rs.60 Lacs p.a.

However the information required pursuant to Section 197 read with Rule, 5 (1) of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 in respect of employees of the Company, will be provided upon request.

In terms of Section 136 of the Act, the Report and Accounts are being sent to the Members and others entitled thereto, excluding the information on employees' particulars which is available for inspection by the Members at the Registered Office of the Company during business hours on working days of the Company up to the date of the ensuing Annual General Meeting. If any Member is interested in obtaining a copy thereof, such Member may write to the Company Secretary in this regard.

Deposits:

Your Company has not accepted any deposits which fall under Chapter V and Section 73 to Section 76 of the Companies Act, 2013.

General Shareholder Information

36th Annual General Meeting

Venue Plot No,167, Pirana Approach Village Piplej, Ahmedabad: 382405

Date September 30, 2015

Time 1.30 p.m

Book Closure From 23/09/2015 to 30/09/2015 (both days inclusive)

Listing of Shares:

Your Company is currently listed with BSE Ltd.

ISIN of the Company :

INE875S01019 3980361 Fully Paid up

IN9875S01017 96420 Partly Paid up

ISIN of the Company :

Registrar and Share Transfer Agents : (R & T) & Share Transfer System The company has appointed M/s. Bigshare Services Private Limited E-2/3, Ansa Industrial Estate, Sakivihar Road, Sakinaka, Andheri (E), Mumbai: 400 072 as Registrar and Transfer Agents for electronics shares. The average time taken in transfer of shares is 15 days provided documents are correct and valid in all respect. The depositories directly transfer the dematerialized shares to the beneficiaries.

Acknowledgment:

Your Directors wish to place on record their deep sense of gratitude to Banks for their continued support and cooperation. Our sincere thanks are also due to our esteemed customers, suppliers and finally to employees of the Company for their untiring efforts and commitment to their duties.

By Order of the Board For, Advance Multitech Ltd

Registered Office : 36, Kothari Market. Arvind Goenka Ahmedabad 380 022 Chairman & Managing Director DIN 00093200 Place: Ahmedabad Date: 29/05/2015

---

Mar 31, 2014

The Members,

The Directors have pleasure in presenting the 35th Annual Report and Audited Account of the Company for the period ended 31st March,2014.

FINANCIAL RESULTS : (Rupees in Lacs)

2013-2014 2012-2013

Gross Income 906.90 760.53

Profit before interest, depreciation and tax 143.39 75.90

Profit before depreciation and tax 79.16 50.17

Depreciation 52.32 26.28

Profit before tax 26.84 23.89

Provision for tax 6.29 4.85

Profit after tax 23.28 15.34

Add : Surplus as per last account 139.51 124.17

Surplus available for appropriation 23.28 15.34

Appropriations :

Proposed Dividend Nil Nil

Transferred to General Reserve Nil Nil

Surplus carried to next year 162.80 139.51

DIVIDEND

Due to inadequacy of profit available for appropriation during the year under review, your Directors express their in ability to recommend any dividend for the year ended 31st March,2014 REVIEW OF OPERATION

During the year under review your company have registered a sales turn over of Rs.906.90 Lacs in comparison to the figure of Rs.760.53 lacks of the previous year. Net Profit after tax has increased to Rs.23.28 Lacs from Rs. 15.34 Lacs in comparison to the corresponding previous year. The Management is hopeful of achieving better results in years to come.

PROSPECTS

Due to the buoyancy in the economy and favorable economic conditions, performance of the company will improve substantially in the years ahead.

PUBLIC DEPOSITS

The Company has not accepted any deposits from the public during the year review and therefore the provisions of the Companies Act,1956 read with company''s (acceptance of deposit) ruls, 1975 are applicable to the Company.

INSURANCE

All the properties of your company have been adequately insured against fire, floods, riots, earthquake, malicious damage and explosion risks.

AUDITOR''S REPORT

All the items on which comments have been made by the auditors in their Report to the shareholders are self explanatory as explained by way of Notes to the Accounts under Schedule P to the Balance Sheet and Profit & Loss Accounts.

AUDITORS

M/s.Nahta Jain & Associates, Chartered Accountants, Ahmedabad retire at the forthcoming Annual General Meeting''and have conformed their eligibility and willingness to accept the office, if re-appointed. Company under the section 224(1 B) of the Companies Act, 1956 certified their eligibility.

DIRECTOR''S RESPONSIBILITY STATEMENT AS PER SECTION 217 (2AA) OF THE COMPANIES ACT,1956

Pursuant to section 217 (2AA) of the Companies Act, 1956 your Directors, based on the representations received from the operating management, and after due inquiry, confirm that :

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

ii) They have, in the selection of the accounting policies, consulted the Statutory Auditors and, read with paragraph (i) above, these have been applied consistently and reasonable and prudent judgements and estimates have been made also as give a true and fair view of the state of affairs of the company as at 31st March, 2014 and of the profit of the company for the year ended on that date.

iii) Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting gruan and other irregularities .

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

CORPORATE GOVERNANCE

Your company has implemented best practice of corporate Governance in compliance with the requirements of amended Clause 49 of the listing agreement. A separate section on the Corporate Governance and the certificate from the Auditors of the company regarding compliance of the conditions of the corporate governance as stipulated under Clause 49 of the listing agreement with the Stock Exchange form part of the Annual Report.

COMPLIANCE CERTIFICATE

Compliance Certificate pursuant to Section 383A (1) of the Companies Act, 1946 is attached herewith and forms the part of the report.

EMPLOYEES

There are no employees drawing salary of Rs.5,00,000/-p.m. and/or Rs.60,00,000/- p.a. and therefore particulars u/s/217 (2A) of the companies Act, 1956 read with companies (particulars of employees) amendment rules 1988 is not required. DIRECTORS

As per the provisions of Section 149 and other applicable provisions of the Companies Act, 2013 and rules made thereunder, your directors are seeking appointment of Mr. Omprakash Jalan, and Mr. Nirish J. Parikh as Independent directors on the Board for a period of consecutive five years and they shall not be liable to retire by rotation. Shri Ashok Goneka and Shri Pulkit Goenka, being Non executive and Non Independent director, retires by rotation being eligible have offered themselves for re- appointment. Mr. J. K. Trivedi has resigned from the office of directors w.e.f. 30/07/ 2014.

REMUNERATION COMMITTEE

Company has constituted a remuneration committee. The Members of the Committee are Mr. Shaileshsingh Rajput, Shri Nirish Parikh, Shri Omprakash Jalan and Mr. Jitendra Trivedi. Shri Omprakash Jalan is the Chairman of the committee. One meeting of the same was held on 21/03/2014 to review the remuneration of executive directors.

LISTING OF SHARES

The equity shares of the company are listed on the following Stock Exchange :

Name Address

The Bombay Stock Exchange Limited Phiroze JeeJee Bhoy Towers

Dalai Street, Mumbai - 400 001.

Company has paid annual listing fees for the year 2014-2015 at the aforesaid Stock Exchange.

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

2013-2014 2012-2013

Electricity Purchase 1877035 535209

Total amount (Rupees) 12632031 3765676

Rate per Unit(Rs.) 6.73 7.04

Our industry is not heavy consumer of energy, further during the year under review the company made efforts to conserve energy through reduction consumption, the company will continue to endeavor of conserve energy and use it more efficiently.

Company is having it''s own research & development facilities. The process of development is a continuous process resulting in development of new & import substitute products.

Company is taking all appropriate measures to absolve the technology in its area of operation. ''

There has been foreign exchange inflow of Rs.58.32 Lacs and foreign exchange outflow of Rs. 27,86,000 in the current year.

PERSONNAL

Your Company has been maintaining a very cordial and satisfactory relationship with its employees and your Directors wise to place on record their deep sense of appreciation for the devoted services of the executives, staff and workers of the company.

APPRICIATION

The Board wishes to express its sincere appreciation to all the staff member for the contribution to the performance of the company and to our valued clients, bankers, financial institutions and shareholders for the continued support and the same is expected in years to come.

By order of the Board

Registered office For ADVANCE MULTITECH LTD.

36, Kothari Market

Ahmedabad - 380 022 (Arvind Goenka)

Date : 30.05.2014 Chairman & Managing Director

---

Mar 31, 2013

To, The Members,

The Directors have pleasure in presenting the 34th Annual Report and Audited Account of the Company for the period ended 31s1 March,2013.

FINANCIAL RESULTS: (Rupees in Lacs)

2012-13 2011-2012

Gross Income 760.53 689.58

Profit before interest, depreciation and tax 75.90 46.30

Profit before depreciation and tax 50.17 31.50

Depreciation 26.28 21.15

Profit before tax 23.89 10.34

Provision for tax 4.85 6.43

Profit after tax 15.34 6.04

Add : Surplus as per last account 124.17 118.12

Surplus available for appropriation 15.34 6.04

Appropriations:

Proposed Dividend Nil Nil

Transferred to General Reserve Nil Nil

Surplus carried to next year 139.51 124.16

DIVIDEND

Due to inadequacy of profit available for appropriation during the year under review, your Directors express their in ability to recommend any dividend for the year ended 31st March.2013

REVIEW OF OPERATION

During the year under review your company have registered a sales turn over of

Rs.760.53 Lacs in comparison to the figure of Rs.689.58 lacks of the previous year.

Net Profit after tax has increased to Rs. 15.34 Lacs from Rs.6.04 Lacs in comparison to the corresponding previous year. The Management is hopeful of achieving better results in years to come.

PROSPECTS

Due to the buoyancy in the economy and favorable economic conditions, performance of the company will improve substantially in the years ahead.

PUBLIC DEPOSITS

The Company has not accepted any deposits from the -public during the year review and therefore the provisions of the Companies Act,1956 read with company''s (acceptance of deposit) ruls,1975 are applicable to the Company.

INSURANCE

All the properties of your company have been adequately insured against fire, floods, riots, earthquake, malicious damage and explosion risks.

AUDITOR''S REPORT

All the items on which comments have been made by the auditors in their Report to the shareholders are self explanatory as explained by way of Notes to the Accounts under Schedule P to the Balance Sheet and Profit & Loss Accounts.

AUDITORS

M/s.Nahta Jain & Associates, Chartered Accountants, Ahmedabad retire at the forthcoming Annual General Meeting and have conformed their eligibility and willingness to accept the office, if re-appointed. Company under the section 224(1 B) of the Companies- Act, 1956 certified their eligibility.

DIRECTOR''S RESPONSIBILITY STATEMENT AS PER SECTION 217 (2AA) OF THE

COMPANIES ACT,1956

Pursuant to section 217 (2AA) of the Companies Act,1956 your Directors, based on the representations received from the operating management, and after due inquiry, confirm that :

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

ii) They have, in the selection of the accounting policies, consulted the Statutory Auditors and, read with paragraph (i) above, these have been applied consistently and reasonable and prudent judgements and estimates have been made also as give a true and fair view of the state of affairs of the company as at 31st March, 2013 and of the profit of the company for the year ended on that date.

iii) Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting gruan and other irregularities .

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

CORPORATE GOVERNANCE

Your company has implemented best practice of corporate Governance in compliance with the requirements of amended Clause 49 of the listing agreement. A separate section on the Corporate Governance and the certificate from the Auditors of the company regarding compliance of the conditions of the corporate governance as stipulated under Clause 49 of the listing agreement with the Stock Exchange form part of the Annual Report.

COMPLIANCE CERTIFICATE

Compliance Certificate pursuant to Section 383A (1) of the Companies Act, 1946 is attached herewith and forms the part of the report.

EMPLOYEES

There are no employees drawing salary of Rs.5,00,000/-p.m. and/or Rs.60,00,0007- p.a. and therefore particulars u/s/217 (2A) of the companies Act,1956 read with companies (particulars of employees) amendment rules 1988 is not required.

DIRECTORS

As per the provisions of Section 256 of the Companies Act, 1956 read with Article 144 of the Articles of Association of the company, Shri Jitendra Trivedi and Mr. Nirish Parikh will retire by rotation at the forth coming Annual General Meeting and being eligible offer themselves for reappointment.

REMUNERATION COMMITTEE

Company has constituted a remuneration committee. The Members of the Committee are Mr. Shaileshsingh Rajput, Shri Nirish Parikh, Shri Omprakash Jalan and Mr. Jitendra Trivedi. Shri Omprakash Jalan is the Chairman of the committee. One meeting of the same was held on 21/03/2013 to review the remuneration of executive directors.

LISTING OF SHARES

The equity shares of the company are listed on the following Stock Exchange :

Name Address

The Bombay Stock Exchange Limited Phiroze JeeJee Bhoy Towers

Dalai Street, Mumbai - 400 001. Company has paid annual listing fees for the year 2013-2014 at the aforesaid Stock Exchange.

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

2012-2013 2011-2012

Electricity Purchase 535209 206655

Total amount (Rupees) 3765676 1660356

Rate per Unit (Rs.) 7.04 8.03

Our industry is not heavy consumer of energy, further during the year under review the company made efforts to conserve energy through reduction consumption, the company will continue to endeavor of conserve energy and use it more efficiently. Company is having it''s own research & development facilities. The process of development is a continuous process resulting in development of new & import substitute products. Company is taking all appropriate measures to absolve the technology in its area of operation.

There has been foreign exchange inflow of Rs.58.32 Lacs and foreign exchange outflow of

Nil in the current year.

PERSONNAL

Your Company has been maintaining a very cordial and satisfactory relationship with its employees and your Directors wise to place on record their deep sense of appreciation for the devoted services of the executives, staff and workers of the company.

APPRICIATION

The Board wishes to express its sincere appreciation to all the staff member for the contribution to the performance of the company and to our valued clients, bankers, financial institutions and shareholders for the continued support and the same is expected in years to come.

By order of the Board

Registered office For ADVANCE MULTITECH LTD.

36, Kothari Market

Ahmedabad - 380 022 (Arvind Goenka)

Date : 02.09.2013 Chairman & Managing Director

---

Mar 31, 2011

The Directors have pleasure in presenting the 32nd Annual Report and Audited Account of the Company for the period ended 31st March,2011.

FINANCIAL RESULTS :

2010-2011 2009-2010

Gross Income 981.23 932.69

Profit before interest, depreciation and tax 36.79 33.54

Profit before depreciation and tax 31.57 29.93

Depreciation 21.06 19.13

Profit before tax 10.51 10.80

Provision for tax 4.76 3.30

Profit after tax 8.10 7.49

Add : Surplus as per last account 110.03 102.55

Surplus available for appropriation 118.12 110.03

Appropriations :

Proposed Dividend Nil Nil

Transferred to General Reserve Nil Nil

Surplus carried to next year 118.12 110.03

DIVIDEND

Due to inadequacy of profit available for appropriation during the year under review, your Directors express their in ability to recommend any dividend for the year ended 31st March,2011

REVIEW OF OPERATION

During the year under review your company have registered a sales turn over of Rs.981.23 lacks slight increased in comparison to the figure of Rs.932.69 lacks of the previous year Net profit after tax has increased from 7.49 lacs to Rs.8.10 lacs thus improving by almost 8.10% in comparison to the corresponding performance of the previous year. Increase in performance is partially due to the increased revenue generated from the new products.

PROSPECTS

Due to the buoyancy in the economy and favorable economic conditions, performance of the company will improve substantially in the years ahead.

PUBLIC DEPOSITS

The Company has not accepted any deposits from the public during the year review and therefore the provisions of the Companies Act,1956 read with company's (acceptance of deposit) ruls,1975 are applicable to the Company.

INSURANCE

All the properties of your company have been adequately insured against fire, floods, riots, earthquake, malicious damage and explosion risks.

AUDITOR'S REPORT

All the items on which comments have been made by the auditors in their Report to the shareholders are self explanatory as explained by way of Notes to the Accounts under Schedule P to the Balance Sheet and Profit & Loss Accounts.

AUDITORS

M/s.Nahta Jain & Associates, Chartered Accountants, Ahmedabad retire at the forthcoming Annual General Meeting and have conformed their eligibility and willingness to accept the office, if re- appointed. Company under the section 224(1B) of the Companies Act,1956 certified their eligibility.

DIRECTOR'S RESPONSIBILITY STATEMENT AS PER SECTION 217 (2AA) OF THE COMPANIES ACT,1956

Pursuant to section 217 (2AA) of the Companies Act,1956 your Directors, based on the representations received from the operating management, and after due inquiry, confirm that :

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

ii) They have, in the selection of the accounting policies, consulted of the statutory Auditors and read with paragraph (i) above, these have been applied consistently and reasonable and prudent judgments and estimates have been made also as give a true and fair view of the state of affairs of the company as at 31st March, 2009 and of the profit of the company for the year ended on that date.

iii) Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the companies Act,1956 for safeguarding the assets of the company and for preventing and detecting groan and other irregularities .

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

CORPORATE GOVERNANCE

Your company has implemented best practice of corporate Governance in compliance with the requirements of amended Clause 49 of the listing agreement. A separate section on the Corporate Governance and the certificate from the Auditors of the company regarding compliance of the conditions of the corporate governance as stipulated under Clause 49 of the listing agreement with the Stock Exchange form part of the Annual Report.

COMPLIANCE CERTIFICATE

Compliance Certificate pursuant to Section 383A (1) of the Companies Act, 1946 is attached herewith and forms the part of the report.

EMPLOYEES

There are no employees drawing salary of Rs.2,00,000/-p.m. and/or Rs.24,00,000/- p.a. and therefore particulars u/s/217 (2A) of the companies Act,1956 read with companies (particulars of employees) amendment rules 1988 is not required.

DIRECTORS

As per the provisions of Section 256 of the Companies Act,1956 read with Article 144 of the Articles of Association of the company, Shri Ashok Goenka and Shri Pulkit Goenka retire by rotation at the forth coming Annual General Meeting and being eligible offers himself for reappointment. Mr. Shaileshsingh Rajput, Mr. Jitendrakumar Trivedi and Mr. Nirish Parikh have been appointed as Non-executive Independent directors.

REMUNERATION COMMITTEE

Company has constituted a remuneration committee. The Members of the Committee are Mr. Shaileshsingh Rajput, Shri Nirish Parikh, Shri Omprakash Jalan and Shri Pulkit Goenka. Shri Omprakash Jalan is appointed as a Chairman of the committee. One meeting of the same was held on 21/03/2011.

LISTING OF SHARES

The equity shares of the company are listed on the following Stock Exchange :

Name Address

The Bombay Stock Exchange Limited Phiroze JeeJee Bhoy Towers Dalal Street, Mumbai – 400 001. Company has paid annual listing fees for the year 2010-2011 at the aforesaid Stock Exchange.

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

Our industry is not heavy consumer of energy, further during the year under review the company made efforts to conserve energy through reduction consumption, the company will continue to endeavor of conserve energy and use it more efficiently.

Company is having it's own research & development facilities. The process of development is a continuous process resulting in development of new & import substitute products. Company is taking all appropriate measures to absolve the technology in its area of operation. Expenditure in foreign currency, remittance in foreign currency Nil and earnings in foreign currency during the year 17196130/-(previous year Rs.15217041/-)

PERSONNAL

Your Company has been maintaining a very cordial and satisfactory relationship with its employees and your Directors wise to place on record their deep sense of appreciation for the devoted services of the executives, staff and workers of the company.

APPRICIATION

The Board wishes to express its sincere appreciation to all the staff member for the contribution to the performance of the company and to our valued clients, bankers, financial institutions and shareholders for the continued support and the same is expected in years to come.

By order of the Board

Registered Office For ADVANCE MULTITECH LIMITED

36, Kothari Market,

Ahmedabad - 380 022

(Arvind Goenka)

Date : 30/08/2011 Chairman & Managing Director

---

Mar 31, 2010

The Directors have pleasure in presenting the 31st Annual Report and Audited Account of the Company for the period ended 31st March,2010.

FINANCIAL RESULTS :

2009-2010 2008-2009

Gross Income 932.69 959.44

Profit before interest, depreciation and tax 33.54 29.85

Profit before depreciation and tax 29.93 24.59

Depreciation 19.13 16.84

Profit before tax 10.80 7.76 Provision for tax 3.30 5.67

Profit after tax 7.49 4.25

Add : Surplus as per last account 102.55 98.39

Surplus available for appropriation 110.03 102.55

Appropriations :

Proposed Dividend Nil Nil

Transferred to General Reserve Nil Nil

Surplus carried to next year 110.03 102.55



DIVIDEND

Due to inadequacy of profit available for appropriation during the year under review, your

Directors express their in ability to recommend any dividend for the year ended 31st

March,2010

REVIEW OF OPERATION

However during the year under review your company have registered a sales turn over of Rs..932.69 lacks in comparision to the figure of Rs.959.44 lacks of the previous. Net profit after tax has increased from 4.25 lacks to 7.49 lacks thus improving by almost 57% in comparison to the corresponding performance of the previous year. Increase in performance is partially due to the increased revenue generated from the new products.

PROSPECTS

Due to the buoyancy in the economy and favorable economic conditions, performance of the company will improve substantially in the years ahead.

PUBLIC DEPOSITS

The Company has not accepted any deposits from the public during the year review and therefore the provisions of the Companies Act, 1956 read with companys (acceptance of deposit) oils, 1975 are applicable to the Company.

INSURANCE

All the properties of your company have been adequately insured against fire, floods, riots, earthquake, malicious damage and explosion risks.

AUDITORS REPORT

All the items on which comments have been made by the auditors in their Report to the shareholders are self explanatory as explained by way of Notes to the Accounts under Schedule P to the Balance Sheet and Profit & Loss Accounts.

AUDITORS

M/s.Nahta Jain & Associates, Chartered Accountants, Ahmedabad retire at the forthcoming Annual General Meeting and have conformed their eligibility and willingness to accept the office, if re-appointed. Company under the section 224(1 B) of the Companies Act, 1956 certified their eligibility.

DIRECTORS RESPONSIBILITY STATEMENT AS PER SECTION 217 (2AA) OF THE COMPANIES ACT,1956

Pursuant to section 217 (2AA) of the Companies Act, 1956 your Directors, based on the representations received from the operating management, and after due inquiry, confirm that:

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

ii) They have, in the selection of the accounting policies, consulted the Statutory Auditors and, read with paragraph (i) above, these have been applied consistently and reasonable and prudent judgements and estimates have been made also as give a true and fair view of the state of affairs of the company as at 31st March, 2009 and of the profit of the company for the year ended on that date

iii) Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting gruan and other irregularities .

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

CORPORATE GOVERNANCE

Your company has implemented best practice of corporate Governance in compliance with the requirements of amended Clause 49 of the listing agreement. A separate section on the Corporate Governance and the certificate from the Auditors of the company regarding compliance of the conditions of the corporate governance as stipulated under Clause 49 of the listing agreement with the Stock Exchange form part of the Annual Report.

COMPLIANCE CERTIFICATE

Compliance Certificate pursuant to Section 383A (1) of the Companies Act, 1946 is attached herewith and forms the part of the report.

EMPLOYEES

There are no employees drawing salary of Rs.2,00,000/-p.m. and/or Rs.24,00,000/- p.a. and therefore particulars u/s/217 (2A) of the companies Act, 1956 read with companies (particulars of employees) amendment rules 1988 is not required.

DIRECTORS

As per the provisions of Section 256 of the Companies Act, 1956 read with Article 144 of the Articles of Association of the company, Shri. Omprakash Jalan retire by rotation at the forth coming Annual General Meeting and being eligible offers himself for reappointment.

REMUNERATION COMMITTEE

Company has constituted a remuneration committee. The Members of the Committee are Mr.S.R.Dhruv, Shri Omprakash Jalan and Shri Pulkit Goenka. Shri Omprakash Jalan is appointed as a Chairman of the committee. One meeting of the same was held on 28/09/ 2009.

LISTING OF SHARES

The equity shares of the company are listed on the following Stock Exchange :

Name Address

The Bombay Stock Exchange Limited Phiroze JeeJee Bhoy Towers

Dalai Street, Mumbai - 400 001. Company has paid annual listing fees for the year 2010-2011 at the aforesaid Stock Exchange.

Our industry is not heavy consumer of energy, further during the year under review the company made efforts to conserve energy through reduction consumption, the company will continue to endeavor of conserve energy and use it more efficiently.

Company is having its own research & development facilities. The process of development is a continuous process resulting indevelopmentofnew&importsubstitute products.

Company is taking all appropriate measures to absolve the technology in its area of operation.

Expenditure in foreign currency, remittance in foreign currency 214073/-and earning in foreign currencyduring theyearRs.15217041/-(PreviousyearRs.2616537/-)

PERSONNAL

YourCompany has been maintaining a very cordialand satisfactory relationship with itsemployees and your Directors wise to placeon record theirdeepsenseof appreciation for the devoted services of the executives, staff and workersof the company.

APPRICIATION

The Board wishes to express its sincere appreciation to all the staff member for the contribution to the performance of the company and to our valued clients, bankers, financial institutions and shareholders for the continued support and the sameis expected in years tocome.



By order of the Board Registered office For ADVANCE MULTITECH LTD.

36, Kothari Market

Ahmedabad - 380 022 (Arvind Goenka)

Date : 03.09.2010 Chairman & Managing Director

---

Mar 31, 2009

The Directors have pleasure in presenting the 30th Annual Report and Audited Account of the Company for the period ended 31st March,2009.

FINANCIAL RESULTS:

2008-2009 2007-2008

Gross Income 918.32 550.72

Profit before interest, depreciation and tax 29.85 19.39

Profit before depreciation and tax 24.59 17.06

Depreciation 16.84 15.09

Profit before tax 7.76 1.96

Provision for tax 5.67 3.27

Profit after tax 2.09 -1.31

Add : Surplus as per last account 98.39 97.44

Surplus available for appropriation 102.55 98.39

Appropriations :

Proposed Dividend Nil Nil

Transferred to General Reserve Nil Nil

Surplus carried to next year 102.55 98.39

DIVIDEND

Due to inadequacy of profit available for appropriation during the year under review, your Directors express their in ability to recommend any dividend for the year ended 31st March,2009. REVIEW OF OPERATION

The last year was tougher one due to slow down of global economy. However during the year under review your company have registered a sales turn over of Rs.918.32 lacks in comparision to the figure of Rs.550.72 lacks of the previous year thus growing by Approx 67%. Net profit after tax has increased from -1.31 lacks to 2.09 lacks thus improving by almost 260% in comparison to the corresponding performance of the previous year. Increase in performance is partially due to the increased revenue generated from the new products. PROSPECTS

Due to the buoyancy in the economy and favorable economic conditions, performance of the company will improve substantially in the years ahead. PUBLIC DEPOSITS

The Company has not accepted any deposits from the public during the year review and therefore the provisions of the Companies Act,1956 read with companys (acceptance of deposit) oils,1975 are applicable to the Company.

INSURANCE

All the properties of your company have been adequately insured against fire, floods, riots, earthquake, malicious damage and explosion risks.

AUDITORS REPORT

All the items on which comments have been made by the auditors in their Report to the shareholders are self explanatory as explained by way of Notes to the Accounts under Schedule P to the Balance Sheet and Profit & Loss Accounts.

AUDITORS

M/s.Nahta Jain & Associates, Chartered Accountants, Ahmedabad retire at the forthcoming Annual General Meeting and have conformed their eligibility and willingness to accept the office, if re-appointed. Company under the section 224(1 B) of the Companies Act, 1956 certified their eligibility.

DIRECTORS RESPONSIBILITY STATEMENT AS PER SECTION 217 (2AA) OF THE

COMPANIES ACT, 1956

Pursuant to section 217 (2AA) of the Companies Act, 1956 your Directors, based on the representations received from the operating management, and after due inquiry, confirm that :

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

ii) They have, in the selection of the accounting policies, consulted the Statutory Auditors and, read with paragraph (i) above, these have been applied consistently and reasonable and prudent judgements and estimates have been made also as give a true and fair view of the state of affairs of the company as at 31 st March, 2009 and of the profit of the company for the year ended on that date.

iii) Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting gruan and other irregularities.

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

CORPORATE GOVERNANCE

Your company has implemented best practice of corporate Governance in compliance with the requirements of amended Clause 49 of the listing agreement. A separate section on the Corporate Governance and the certificate from the Auditors of the company regarding compliance of the conditions of the corporate governance as stipulated under Clause 49 of the listing agreement with the Stock Exchange form part of the Annual Report.

COMPLIANCE CERTIFICATE

Compliance Certificate pursuant to Section 383A (1) of the Companies Act, 1946 is attached herewith and forms the part of the report.

EMPLOYEES

There are no employees drawing salary of Rs.2,00,000/-p.m. and/or Rs.24,00,000/- p.a. and therefore particulars u/s/217 (2A) of the companies Act,1956 read with companies (particulars of employees) amendment rules 1988 is not required.

DIRECTORS

As per the provisions of Section 256 of the Companies Act, 1956 read with Article 144 of the Articles of Association of the company, Shri. Ashok Goenka retire by rotation at the forth coming Annual General Meeting and being eligible offers himself for reappointment. Mr. Pulkit Goenka has been appointed as an additional Director whereas Mr. Pravin Purohit has resigned from the Board.

REMUNERATION COMMITTEE

Company has constituted a remuneration committee. The Members of the Committee are Mr.S.R.Dhruv, Shri Omprakash Jalan and Shri Pulkit Goenka. Shri Omprakash Jalan is appointed as a Chairman of the committee. One meeting of the same was held on 28/08/2008.

LISTING OF SHARES

The equity shares of the company are listed on the following Stock Exchange :

Name Address

The Bombay Stock Exchange Limited Phiroze JeeJee Bhoy Towers Dalai Street, Mumbai - 400 001.

Company has paid annual listing fees for the year 2009-2010 at the aforesaid Stock Exchange.

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

2008-2009 2007-2008

Electricity Purchase 208110 202080

Total amount (Rupees) 1486028 1306415

Rate per Unit(Rs.) 7.14 6.46

Our industry is not heavy consumer of energy, further during the year under review the company made efforts to conserve energy through reduction consumption, the company will continue to endeavor of conserve energy and use it more efficiently. Company is having its own research & development facilities. The process of development is a continuous process resulting in development of new & import substitute products. Company is taking all appropriate measures to absolve the technology in its area of operation.

There has been no foreign exchange inflow or outgo in the current year.

PERSONNAL

Your Company has been maintaining a very cordial and satisfactory relationship with its employees and your Directors wise to place on record their deep sense of appreciation for the devoted services of the executives, staff and workers of the company.

APPRICIATION

The Board wishes to express its Sincere appreciation to all the staff member for the contribution to the performance of the company and to our valued clients, bankers, financial institutions and shareholders for the continued support and the same is expected in years to come.

By order of the Board Registered office For ADVANCE MULTITECH LTD.

36,Kothari Market

Ahmedabad - 380 022 (Arvind Goenka)

Date : 17.08.2009 Chairman & Managing Director