Directors Report of Bloom Industries Ltd.

Mar 31, 2025

We are pleased to present the 36^lh Annual Report and the Audited Statements of Accounts of the
Company for the year ended 31^S1 March, 2025.

FINANCIAL PERFORMANCE

PARTICULARS	2024-2025	2023-2024
Income from operation	2356.26	3007.73
Other Income	17.65	49.98
Profit before Depreciation and Exceptional Items	60.88	63.22
Less: Depreciation	0.70	-
Add/(Less): Exceptional items	-	-
Profit/ (Loss) before Tax	60.18	63.22
Less: Provision for Taxation	10.77	6.69
Profit/ (Loss) after Tax	49.41	56.53

OPERATIONAL REVIEW

During the financial year under review, the total income was Rs. 2373.91 Lakhs as against the
income of Rs.3057.71 Lakhs in the previous financial year. The Company has earned Net Profit of
Rs.49.41 Lakhs as against net Profit of Rs.56.53 in the previous financial year.

MATERIAL CHANGES AND COMMITMENT

No material changes and commitments affecting the financial position of the Company have
occurred between the end of the Financial Year of the Company to which the Financial Statement
relate and the date of this report.

INDIAN ACCOUNTING STANDARDS

Pursuant to the notification dated February 16, 2015 issued by the Ministry of Corporate Affairs,
the Company has adopted the Indian Accounting Standards (“Ind AS”) notified under the
Companies (Indian Accounting Standard) Rules, 2015. Accordingly, the Financial Statements have
been prepared in compliance with Ind AS.

DIVIDEND

With a view to conserve funds for the operations of the Company your Directors have not
recommended any Dividend on the Equity Shares for the Financial Year under review.

TRANSFER TO RESERV ES

There has been no transfer to reserves in the current Financial Year under review.

EMPLOYEE STOCK OPTION SCHEME

No shares have been issued or allotted under any Employee Stock Option Scheme during the
FY 2024-25.

SHARK CAPITAL

The paid-up Equity Share capital as on 31^sl March, 2025 stood at Rs.696.03 l.akhs including
Rs.32.03 Lakhs towards forfeited shares. During the year under review, the Company has not issued
shares with differential voting rights nor has granted any stock options or sweat equity.

ANNUAL RKTURN

Pursuant to Section 92(3) read with section 134(3) (a) of the Companies Act, 2013, copies of the
Annual Returns of the Company prepared in accordance with Section 92( 1) of the Act read with
Rule 11 of the Companies (Management and Administration) Rules. 2014 are placed on the website
of the Company and is accessible at the website of the Company at https://bloom-
industries.com/Uploads/202501281853l4262Fonn MGT 7 2Q24BLOOM FINAL SIGNEDAL
L.pdf

PUBLIC DEPOSITS

During the year under review, the Company has not accepted or renewed any deposits falling within
the purview of provisions of Section 73 of the Companies Act, 2013 read with The Companies
(Acceptance of Deposits) Rules. 2014. Hence, the requirements for furnishing of details of deposits
which are not in compliance with Chapter V of the Act is not applicable.

LISTING WITH STOCK EXCHANGE

The Company continue to remain listed at Bombay Stock Exchange Limited (BSE) Mumbai. The
Annual listing fees for the year 2024-25 have been paid to the Stock Exchange where the
Company''s shares are listed.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

In terms of requirements of Regulation 34 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (SEBI LODR), a Management Discussion and Analysis Report
is attached as "''Annexure -1” forming part of this Report.

NAMES OF COMPANIES WHICH HAVE BECOME OR CEASED TO BE ITS
SUBSIDIARIES. JOINT VENTURES OR ASSOCIATE COMPANIES DURING THE
YEAR- NIL

REPORT ON CORPORATE GOVERNANCE

In terms of Regulation 15(2)(a) of SEBI(LODR), Regulations 2015, the compliance with the
Corporate Governance provisions as specified in Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24,
24A, 25, 26, 27 and Clauses (b) to (i) and (t) of sub-regulation (2) of Regulation 46 and paragraphs
C, D and E of Schedule V are not applicable to the Company as the paid up share capital of the
Company is less than Rs. 10 crores and its Net Worth does not exceed 25 crores as on 3 I^st March,
2025.

ENERGY CONSERVATION. TECHNOLOGY ABSORPTION AND FOREIGN
EXCHANGE EARNINGS AND OUTGO

The Particulars with respect to energy conservation, technology absorption, foreign exchange
earnings and outgo, as required to be disclosed under Section 134(3)(m) of the Companies Act,
2013, read with Rule 8(3) of The Companies (Accounts) Rules, 2014 and forming part of the
Directors'' Report for the year ended 31^sl March, 2025 are as under:

(A) POWER AND FUEL CONSUMPTION

Electricity at factory	2024-25	2023-24
Purchase Unit (KWH)	: 0 units	0 units
Total Amount	: Rs.0/-	Rs.0/-
Rate/ Unit	: Rs.0/-	Rs.0/-

(B) CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION

No Research and Development work has been carried out by the Company and therefore,
there is no expenditure on this head, or any benefit accrued from it.

(C) FOREIGN EXCHANGE EARNINGS AND OUTGO

The Foreign Exchange Earning during the year is Rs. NIL and Outgo Rs. NIL.
PARTICULARS OF EMPLOYEES

The Company does not have any employee receiving remuneration exceeding the limits specified
in Section 197(12) of the Companies Act, 2013. Hence the requirements as specified in Rule 5 of
the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are not
applicable to the Company.

Disclosure pertaining to Remuneration and other details as required under Section 197(12) of the
Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 are kept at the Registered Office for inspection 21 days before
the date of Annual General Meeting of the Company Pursuant to Section 136 of the Companies
Act, 2013 and members, if any interested in obtaining the details thereof shall make specific request
to the Compliance Officer of the Company in this regard.

The ratio of the remuneration of each Director to the median employee’s remuneration and other
particulars or details of employees pursuant to Section 197(12) of the Companies Act, 2013 read
with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014 are attached to this Report as “Annexure III”.

DIRECTORS RESPONSIBILITY STATEMENT

The Board of Directors acknowledge the responsibility for ensuring compliance with the
provisions of Section 134(3)(c) read with Section 134(5) of the Companies Act, 2013 in preparation
of the Annual Accounts for the year under review and state that with respect to the Director''s
Responsibility Statement, it is hereby confirmed:

a. That in preparation of Annual Accounts for the Financial Year ended 31^st March. 2025,
the applicable Accounting Standards have been followed along w''ith proper explanation
relating to material departures.

b. That 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 state of affairs of the Company at the end of the Financial
Year and of the Profit & Loss of the Company for that period.

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

d. That the Directors have prepared the Annual Accounts on a going concern basis.

e. The Directors had laid down Internal Financial Controls to be followed by the Company
and that such internal financial controls are adequate and were operating effectively.

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

Based on the framework of internal financial controls and compliance systems established and
maintained by the Company, the work performed by the internal, statutory'' and secretarial
auditors, including the audit of internal financial controls over financial reporting by the
statutory auditors and the reviews performed by management and the relevant board
committees, including the audit committee, the Board is of the opinion that the Company''s
internal financial controls were adequate and effective during FY 2024-25.

DIRECTORS

In accordance with the provisions of Section 152 of the Companies Act, 2013 and Articles of
Association of the Company, Mr. Vikash Gupta (DIN-01326705), Director, retires by rotation at
the ensuing Annual General Meeting and being eligible has offered himself for re-appointment.
The Board of Directors on recommendation of the Nomination and Remuneration Committee has
recommended his re-appointment.

Further pursuant to Regulation 17(1 A) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, based on the recommendation of the Nomination and
Remuneration Committee, Board of Directors of the Company at its meeting held on
6^th August,2025 recommend continuation of Mr. Ajay Kumar Sinha as Non-Executive,
Independent Director of the Company, after attaining the age of 75 years, subject to the approval
of shareholders by way of special resolution at the ensuing Annual General Meeting.

The Independent Directors of the Company are highly competent, educated and qualified with
relevant experience and expertise. They contribute in various ways in the growth and development
of the Company.

None of the Independent Directors had any pecuniary relationship or transactions with the
Company during Financial Year 2024-25. None of the Directors or Key Managerial Personnel
(KMP) of the Company is related inter-se.

As per the information available with the Company, none of the Directors of the Company are
disqualified for being appointed as a Directors as specified in Section 164(2) of the Companies Act,
2013.

Key Managerial Personnel (KMP)

The Company is having the following Key Managerial Personnel during the vear:-

Name	Designation
Mr. Akash Gupta	Whole Time Director
Ms. Priya Bhatter	Company Secretary
Mrs. Prema Niganiya	Chief Financial Officer

Thcre w''as no changes in Key Managerial Personnel during the year under review .

The Company''s policy on Directors Appointment and Remuneration including criteria for
determining qualifications, positive attributes, independence of a Director and other matters
provided under sub-section (3) of Section 178 of the Companies Act, 2013 is available on
Company’s website at the link https ://bloom-

industries.com/Uploads/20210610174556034NomimationandRemunerationCompensationPolicv.
pdf

Remuneration of Whole-time Director:

The remuneration of the Whole time Director is recommended by the Nomination and
Remuneration Committee to the Board of Directors and after approval by the Board the same is
approved by the shareholders. Whole time Director does not receive any sitting fee for attending
the Board and Committee meetings. He has not been issued any stock option during the Financial
Year 2024-25.

The details of remuneration paid/payable to Mr. Akash Gupta, Whole time Director for the year
ended March 31,2025 arc as under:

Mr. Akash Gupta, Whole Time Director ( FinanciaL Year 2024-25)	(In Rs.)
Salary	12,00.000
Bonus	-
House Rent Allowance	-
Other Allowances	-
Employer''s Contribution to PF	-
Leave Encashment	-
Total	12.000,00

Remuneration of Directors:

details of remuneration paid to Directors durine the financial vear 2024-25

Name of Directors	Meeting Fees (Rs.)	Salary & Perks (Rs.)	Total (Rs.)	No. of shares held as on 31-Mar-2025
Mr. Rajendra Prasad Gupta, Chairman	-	-		13,73,300
Mr. Akash Gupta, Whole Time Director	-	12,00.000	12,00.000	10,25,000
Mr. Vikash Gupta Non-Excutive Director	"	"	¦	10.47,700
Mr. Srikant Mundhra, Independent Director	30.000	-	30.000	Nil
Mr. Ajay Kumar Sinha, Independent Director	30.000	-	30,000	Nil
Mrs. Parul Johari, Independent Director	25.000	-	25,000	Nil

BOARD F.VALUATION

Pursuant to Section 178(2) of the Companies Act, 2013, and Listing Regulations, the Nomination
and Remuneration Committee (NRC) specified the methodology for effective evaluation of
performance of Board and Committees and individual Directors and also finalized the evaluation
criteria (containing required particulars as per Guidance Note issued by the SEBI) and authorized

the Board to undertake the evaluation process. The Evaluation Statement was reviewed by the
Independent Directors.

The performance of individual directors was evaluated on parameters, such as, number of meetings
attended, contribution made in the discussions, contribution towards formulation of the growth
strategy of the Company, independence of judgement, safeguarding the interest of the Company
and minority shareholders etc.

The Board has carried out an Annual performance evaluation of its own performance, of the
Directors individually as well as evaluation of the working of its various Committees in the
prescribed manner.

The performance evaluation of Independent Directors was carried out by the entire Board excluding
the Director being evaluated. The performance evaluation of the Chainnan and Non-Independent
Director was carried out by the Independent Directors at their separate Meeting.

DECLARATION BY INDEPENDENT DIRECTORS:

Necessary declarations have been obtained from all the Independent Directors that they meet the
criteria of independence under sub-section (6) of Section 149 of the Companies Act, 2013 and as
per Regulation 25 read with Regulation 16 ofSEBI LODR Regulations. In the opinion of the Board
there has been no change in the circumstances which may affect in the status of independent
directors of the Company and the Board is satisfied of the integrity, expertise and experience
(including proficiency in terms of Section 150(1) of the Companies Act, 2013 and applicable rules
thereunder of all Independent Directors on the Board. In terms of Section 150 read with Rule 6 of
the Companies (Appointment and Qualification of Directors) Rules, 2014, Independent Directors
of the Company have undertaken requisite steps towards the inclusion of their names in the
databank of Independent Directors maintained with the Indian Institute of Corporate Affairs.

MEETINGS OF THE BOARD

The Board of Directors met 6 (six) times during the Financial Year 2024-25. The required quorum
was present at all the Meetings. During the year under review, the Board Meetings were held on
May 29, 2024; July 26, 2024; August 14. 2024; September 07, 2024; November 11, 2024 and
February 14, 2025, respectively.

All the aforesaid Company''s Board Meetings for the financial year 2024-25 took place physically
at the Company''s registered office with an option to attend the same virtually via video conference.

The intervening gap between the Meetings was within the period prescribed under the Companies
Act, 2013.

Name of the Director	Number of Board meetings held	Number of Board Meetings attended	Attendance at the last AGM held on 30.09.2024	Shareholding in the Company as of March 31,2025 (No. of Shares)
Mr. Rajendra Prasad Gupta, (DIN:01325989) Promoter & Non-Executive Director, Chairman	6	5	Yes	13.73.300
Mr. Akash Gupta. (D1N:01326005) Promoter & Whole-Time Director	6	5	Yes	10,25.000
Mr. Vikash Gupta, (DIN:01326705) Promoter & Non-Executive Director	6	6	Yes	10.47,700

Mr. Srikant Mundhra (DIN:02223503) Independent Non-Executive Director	6	6	Yes	NIL
Mrs. Parul Johari (DIN:09580405) Independent Non-Executive Director	6	5	No	NIL
Mr. Ajay Kumar Sinha (DIN: 10246699) Independent Non-Executive Director	6	6	Yes	NIL

SEPARATE MEETING OF INDEPENDENT DIRECTORS

During the Financial Year 2024-25. a separate meeting of the Independent Directors of the
Company was held on 11^th February 2025, without the presence of the non-executive directors,
executive directors and the management team of the Company. All the Independent Directors of
the Company attended the meeting. The matters considered and discussed thereat, inter alia,
included those prescribed under Schedule IV of the Companies Act, 2013 and Regulation 25 of the
Listing Regulations, among others.

(ommu ti i,s of the board

The details relating to all the Committees constituted by the Company are as follows:

AUDIT COMMITTEE

(a) COMPOSITION, MEETINGS & ATTENDANCE:

The constitution and terms of reference of the Audit Committee meet the requirements of
Regulation 18 of the Listing Regulations read with the relevant provisions of Section 177
of the Companies Act. 2013.The Committee is headed by an Independent Director and
consists of the members as stated below. All the Members of the Audit Committee possess
financial/accounting expertise/exposure.

The Audit committee met Five (5) times during the Financial Year 2024-25. on 29th May,

2024, 14th August 2024, 07th September, 2024. 1 l^lh November 2024 and 14th February

2025. The Necessary quorum was present for all the meetings.

The table below provided the composition and attendance of the Audit Committee
Members:-

Sr No.	Name of the Director	Position	Category	Meetings Attended
1.	Mr. Vikash Gupta	Member	Non- Independent Non-Executive Director	5
2.	Mrs. Parul Johari	Member	Independent Non-Executive Director	4
3.	Mr. Srikant Mundhra	Chairman	Independent Non-Executive Director	5

The Company Secretary acts as the Secretary to the Committee. The Meetings of the Audit
Committee are also attended by the chief financial officer, internal auditors and the
statutory auditors as invitees. The Audit Committee had reviewed the information
stipulated in part C of the Schedule II of the Listing Regulations during above Meetings.

(b) TERMS OF REFERENCE:

The terms of reference of the Audit Committee inter alia include the following:

i. The recommendation for appointment, remuneration and terms of appointment of
Auditors of the Company.

ii. Review and monitor the Auditors Independence and performance, and effectiveness
of Audit process.

iii. Examination of the financial statement and Auditors Report thereon.

iv. Approval or any subsequent modification of transaction of the Company with
related parties.

Provided that the Audit Committee may make Omnibus Approval for related party
transactions proposed to be entered into by the Company subject to such
consultations as may be prescribed.

v. Scrutiny of Corporate Loans and Investments.

vi. Valuation of undertakings or assets of the Company wherever it is necessary.

vii. Evaluation of internal financial controls and risk management system.

viii. Monitoring the end use of funds raised through public offers and related matters.

ix. Calling for the Comments of the Auditors about internal control system, the scope

of Audit, including the observations of the Auditors and review of Financial
Statements before their submission to the Board and may also discuss any related
issues with the Internal and Statutory Auditors and Management of the Company.

x. Authority to investigate into any matter in relation to the item specified from (i) to
(ix) above or referred to it by the Board.

(c) FUNCTION:

Audit Committee of the Board of Directors is entrusted with the responsibility to supervise
the Company’s internal financial controls and financial reporting process. The Audit
Committee, while reviewing the Annual Financial Statement also review the applicability
of various Accounting Standards (AS) referred to in Section 133 of the Companies Act.
2013. Compliance of the Accounting Standard as applicable to the Company has been
ensured in the preparation of the Financial Statement for the year ended 31^sl March, 2025.

Besides the above Chairman, Whole-Time Director, Chief Financial Officer. Business
heads of the Company divisions and the representatives of the Statutory Auditors are
permanent invitees of the Audit Committee Meetings.

The Audit Committee also oversees and reviews the functioning of Vigil Mechanism
(implemented in the Company as a Risk Management Policy and Whistle Blower Policy)
and review the finding of investigation in the cases of material nature and the action taken
in respect thereof.

(a) COMPOSITION, MEETINGS & ATTENDANCE:

The Board of Directors has framed policy which lays down a framework in relation to
remuneration of Directors, Key Managerial Personnel and Senior Management of the
Company. This policy also lays down criteria for selection and appointment of Board
Members. The constitution and term of reference of the NRC meet the requirements of
Regulation 19 of the Listing Regulations and Section 178 (1) & (2) of the Companies Act,
2013. The Constitution of the Nomination and Remuneration Committee comprises of
3 Members and the Committee is headed by an Independent Director:

The Nomination & Remuneration Committee met One (1) time during the Financial Year
2024-25. The Committee met on 29^th May, 2024. The necessary quorum was present for all
Meetings. The table below provided the composition and attendance of the Nomination &
Remuneration Committee (NRC) Members:-

Sr No.	Name of the Director	Position	Category	Meetings Attended
1.	Mr. Vikash Gupta	Member	Non- Independent Non-Executive Director	I
2.	Mrs. Parul Johari	Member	Independent Non-Executive Director	1
3.	Mr. Srikant Mundhra	Chairman	Non- Independent Non-Executive Director	1

(b) TERMS OF REFERENCE:

The Committees composition meets with requirements of Section 178 of the Companies
Act, 2013. The terms of reference ofthe Committee inter alia, includes the following:

1. To identify persons who are qualified to become Directors and who may be appointed in
Senior Management in accordance with the criteria let down and to recommend to the Board
their appointment and removal and shall carry out evaluation of every Directors
performance.

2. To formulate the criteria for determining qualifications, positive attributes and
independence of a Directors and recommend to the Board a Policy relating to the
remuneration for the Directors. Key Managerial Personnel and other Employees.

3. To ensure that the level and composition of remuneration is reasonable and sufficient to
attract, retain and motivate Directors of the quality required to run the Company
successfully.

4. To ensure that relationship of remuneration to performance is clear and meets appropriate
performance benchmark.

5. To ensure that remuneration to Directors, Key Managerial Personnel and Senior
Management involves balance between fixed and incentive pay reflecting short term and
long term performance objectives appropriate to the working of the Company and its goals.

6. The Company has updated its Nomination and Remuneration Policy for determining
remuneration of its Directors, Key Managerial Personnel and Senior Management and other
matters provided under Section 178(3) of the Companies Act, 2013 and Listing
Regulations, adopted by the Board. The details of this policy have been posted on the
website of the Company at: www.bloom-industries.com

STAKEHOLDERS RELATIONSHIP COMMITTEE:

(a)COMPOSITION, MEETINGS AND ATTENDANCE:

The constitution and term of reference of the Stakeholders Relationship Committee meet the
requirements of Regulation 20 of the Listing Regulations and Section 178(5), (6) & (7) of
the Companies Act, 2013.Thc Stakeholders Relationship Committee (the "SRC”) is headed
by an Independent Director and consists of the following members.

The Stakeholders Relationship Committee met Four (4) times during the Financial Year
2024- 25 on 29th May, 2024. 14th August 2024, 1 l^Ih November 2024 and 14th February
2025. The necessary quorum was present for all Meetings.

Sr No.	Name of the Director	Position	Category''	Meetings Attended
1.	Mr. Vikash Gupta	Member	Non-Independent Non-Executive Director	4
2.	Mr. Srikant Mundhra	Chairman	Independent Non-Executive Director	4
3.	Mrs. Parul Johari	Member	Non- Independent Non-Executive Director	3

The Chairman of the Committee was present in the last Annual General Meeting to address
the queries, if any, of the shareholders.

Ms. Priya Bhatter. Company Secretary is the Compliance Officer of the Company.

(b) TERMS OF REFERENCE:

The Company with the assistance of the Registrar and Share Transfer Agent M/s. Purva
Sharegistry (India) Private Limited attend to all grievances of the Shareholders received
directly through SEBI, Stock Exchanges, Ministry of Corporate Affairs, Registrar of
Companies, etc. The Minutes of the Stakeholders Relationship Committee

Meetings are circulated to the Board and noted by the Board of Directors at the Board
Meeting.

Continuous efforts are made to ensure that grievances are more expeditiously redressed to
the complete satisfaction of the Investors. Shareholders are requested to furnish their
Telephone Numbers and e-mail address to facilitate prompt action.

DETAILS OF INVESTORS COMPLAINTS RECEIVED, SOLVED AND PENDING
SHARE TRANSFERS COMPLAINTS:

The Company received the following service requests (not amounting to complaint) from various
shareholders / investors directly and/or through the Registrar & Share Transfer Agent (RTA) during
the Financial Year 2024-25. The Company has addressed all the requests during the year:-

Sr. No.	Nature of the complaint	Received	Replied	Pending
!	Non-receipt of shares certificates lodged for transfer	0	0	0
2	Non-receipt of dividend warrants	0	0	0
3	Non-receipt of dividend warrants after revalidation	0	0	0
4	Non-receipt of share certificates lodged for split/ Bonus shares	0	0	0
5	Non Receipt of duplicate shares certificates	0	0	0
6	Letters from SEBI / stock Exchange	0	0	0
7	Letters from Department of Company Affairs / Other Statutory Bodies	0	0	0
	Total	0	0	0

During the year, NIL complaints regarding non-receipt of shares sent for transfer. Demat queries
were received from the shareholders, all of which have been resolved. The company had no
transfers pending at the close of 31.03.2025.

Details of investor complaints received and resolved during the Financial Year 2024-25 are as
follows:-

Pending at the	Received during the	Redressed/ Replied	Pending at the year
beginning of the year	year	during the year	end
Nil	Nil	Nil	Nil

Status of requests received from shareholders during Financial Year 2024-25 -

Sr. No.	Nature of the Requests	Received	Replied	Pending
1	Receipt of dividend warrants for revalidation	0	0	0
2	Request for mandate correction on Dividend warrants	0	0	0
''j J	Request for duplicate Dividend warrant	0	0	0
4	Request for copy of Annual Report	0	0	0
5	Request for TDS Certificate	0	0	0
6	Request for exchange of split Share certificate	0	0	0
	Total	0	0	0

RISK MANAGEMENT

The Company has laid down the procedures to inform to the Board about Risk assessment and
minimization procedures and the Board has formulated Risk Management policy to ensure that the
Board, its Audit Committee should collectively identify risk impacting the Company’s business
and document, their process of risk identification and risk minimization as a part of Risk
Management Policy/Strategy. The Risk Management Policy of the Company is available on
Company''s website under the URL https://bloom-

industries.com/Uploads/RlSK%20MANAGEMENT%20PQLICY.pdf

A detailed note on risk management is given in Management Discussion & Analysis section
forming part of this Annual Report.

ADEQUACY OK INTERNAL CONTROL SYSTKMS

The Company has an Internal Control System, commensurate with the size, scale and complexity
of its operations.

Based on the report of Internal Auditors, corrective action is undertaken in the respective areas and
thereby strengthens the controls. Significant audit observations and corrective actions thereon are
presented to the Audit Committee of the Board.

During the year under review, no material or serious observation has been received from the
Internal Auditors of the Company for inefficiency or inadequacy of such controls.

CORPORATE SOCIAL RESPONSIBILITY (CSR)

In accordance with the provisions of Section 135 read with Schedule VII of the Companies Act,
2013 the Company is not required to adopt a CSR Policy outlining various CSR activities to be
undertaken by the Company.

BUSINESS RESPONSIBILITY & SUSTAINABILITY REPORT

The Company is not required to comply with the requirements associated with Regulation 34(2)(f)
of the Listing Regulations, 2015.

AUDITORS

a. STATUTORY AUDITOR

M/s. Tibrewal Chand & Co., Chartered Accountants (Firm Regn No.: 311047E) who

is holding office till the conclusion of 40^th AGM.

The Report given by the Statutory Auditor for the Financial Statements for the year ended
31^st March, 2025 read with Explanatory Notes thereon do not call for any explanation or
comments from the Board under Section 134 of the Companies Act, 2013.

b. SECRETARIAL AUDITOR

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board has
appointed M/s Gopinath Nayak & Associates. Practicing Company Secretaries, to conduct
Secretarial Audit for the Financial Year 2024-25. The Secretarial Audit Report for the
Financial Year ended 31^SI March, 2025 is annexed herewith marked as “Annexure-II” to
this Report. The observations made by the Secretarial Auditor in his report are self —
explanatory and does not contain any qualification.

In terms of Regulation 24A of the SF.BI Listing Regulations, Section 204 of the Act read
with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel)
Rules. 2014 and based on the recommendation of the Audit Committee, the Board of
Directors at its meeting held on August 6. 2025 has recommended to the Members of the
Company to consider at their ensuing Annual General Meeting, the appointment of
M/s Gopinath Nayak & Associates, Practicing Company Secretaries
(UIN: P20040R047900) a peer reviewed firm, as Secretarial Auditor of the Company
for a period of five consecutive financial years (2025-26 to 2029-30), i.e. from the
conclusion of 36th Annual General Meeting until the conclusion of the 41 st Annual General
Meeting of the Company to be held in the year 2030.

c. INTERNAL AUDITOR

M/s Pawan Shyam Associates, Chartered Accountants,(FRN:009369C) has been
appointed as Internal Auditors for the financial year 2024-25. The Company has adequate
system of internal checks and controls and the functions of Internal Auditor is being looked
after by the Directors.

M/s Pawan Shyam Associates, Chartered Accountants,(FRN:009369C) was re-appointed
as Internal Auditor of the Company on 22^nd May, 2025 by the Board on recommendation
of the Audit Committee of the Company for the financial year 2025-26.

d. COST AUDITOR

The Company is not required to maintain Cost Audit Records as its turnover is less than
prescribed limit, Company is not engaged in production of goods or providing services in
respect of which any order has been passed by the Central Government under Section 148
of the Companies Act, 2013 read w ith the Companies (Cost Records and Audit) Rules,
2014.

AUDITOR’S REPORT:

The Auditors’ Report to the Shareholders does not contain any reservation, qualification, or adverse
remark. During the year under review, neither the statutory auditors nor secretarial auditors have
reported to the Audit Committee of the Board under Section 143(12) of the Act, any instances of
fraud committed against the Company by its officers and employees, the details of which need to
be mentioned in this Report.

BOARD’S RESPONSE ON AUDITORS’ QUALIFICATION, RESERVATION OR
ADVERSE REMARK OR DISCLAIMER MADE

There are no qualifications, reservations or adverse remarks made by the Statutory Auditors in their
report or by the Practicing Company Secretary in their Secretarial Audit for FY 2024-25. During
the year, there has been no instances of frauds reported by Auditors under Section 143(12) of the
Companies Act, 2013.

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

The Company has a Prevention of Sexual Harassment Policy in line with the requirements of Sexual
Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. During
the period under review, no complaint was received by the Internal Complaint Committee.

VIGIL MECHANISM/WHISTLE BLOWER POLICY

The Vigil Mechanism of the Company is incorporated under Whistle Blower Policy. Protected
Disclosure can be made by a Whistle Blower through an e-mail or to the Chairman of the Audit
Committee. The Policy on Vigil Mechanism and Whistle Blower Policy can be accessed on the
Company’s w''ebsite at https://bloom-

industries.com/Uploads/WHlSTLE%20BLOWER%20PQLlCY%20AND%20VIGlL%20MECH
ANISM.ndf

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES
REFERRED TO IN SECTION 18811) OF THE COMPANIES ACT. 2013

During the Financial Year 2024-25, your Company has entered into transactions with Related
Parties as defined under Section 2(76) of the Companies Act, 2013 read w ith The Companies
(Specifications of Definitions details) Rules, 2014. The details of such transaction are given in
Notes of the Financial Statements forming part of this Annual Report.

The Company has formulated policy on materiality of related party transactions and also on dealing
with related party transactions.

The policy is available on the Company’s website link:https://bloom-
industries.com/l Jploads/Pol icv%20on%20Material itv%20of%20Relatcd%20Partv%20T ransactio
ns .pdf The policy intends to ensure that proper reporting, approval and disclosure processes are in
place for all transactions between the Company and Related Parties.

The Board of Directors of the Company has approved the criteria for making the omnibus approval
by the Audit Committee within the overall framework of the policy on related party transactions.
Prior omnibus approval is obtained for related party transactions which are of repetitive nature and
proposed to be entered in the ordinary course of business and at arm’s length basis during the
financial year. All Related Party Transactions are placed before the Audit Committee (for approval)
as well as the Board of Directors, on a quarterly basis.

LOANS OR GUARANTEES GIVEN, SECURITIES PROVIDED OR INVESTMENTS
MADE, UNDER SECTION 186 OF THE COMPANIES ACT, 2013

The details of Loans and Advances have been given in Notes of the Annual Report. The Company
has made/provided Investments during the year under report. However, the Company has not given
any Guarantee nor provided any Securities during the year under report.

ADEQUACY OF INTERNAL FINANCIAL CONTROLS

The Board has laid down Internal Financial Control Policy to be followed by the Company and the
policy is available on Company’s website at the link https ://bloom-

industrics.com/Uploads/lNTERNAL%20FlNANClAL%20CONTROL%20PQLlCY.pdf
The Company has in place adequate internal financial controls with reference to financial
statements. During the year such controls were reviewed and no reportable material weakness in
the operation was observed.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR
COURTS IMPACTING THE GOING CONCERN STATUS AND COMPANY’S

OPERATIONS IN FUTURE.

There are no significant and material orders passed by the Regulators or Courts or Tribunals which
would impact the going concern status and the Company''s future operations.

HUMAN RESOURCES DEVELOPMENT AND INDUSTRIAL RELATIONS

The Company is maintaining cordial and healthy relations with its employees. Employees at all
levels are extending their full support. The Company has strong faith in potential of human
resources. It believes in the creative abilities of the people; those work for the Company. It believes
in the participatory management. The Company takes pride in the commitment, competence and
dedication shown by its employees in all areas of Business.

The Company is committed to nurturing, enhancing and retaining top talent through superior
Learning and Organizational Development. This is a part of Corporate HR function and is a critical
pillar to support the Organization''s growth and its sustainability in the long run.

KEY FINANCIAL RATIO

Key Financial Ratios for the financial year ended March 31, 2025, are provided in the Management
Discussion and Analysis Report.

SECRETARIAL STANDARDS

The company hereby affirms that during the year under review company has complied with all the
applicable secretarial standards (including any modifications or amendments thereto) issued by the
Institute of Company Secretaries of India.

REPORTING OF FRAUDS

There was no instance of fraud during the year under review, which required the Statutory Auditors
to report to the Audit Committee and / or Board under Section 143(12) of the Act and the rules
made thereunder.

GREEN INITIATIVE

Electronic copy of the Annual Report for FY 2024-25 and the Notice of ensuing AGM is being sent
to all shareholders whose email addresses arc available in the demat account and registered with
Company''s Registrar and Share Transfer Agent. Shareholders holding shares in demat form are
requested to update their email addresses w ith their Depository Participant(s) and for shareholders
holding shares in physical form, should get their email registered/ updated with Company’s
Registrar and Share Transfer Agent. Pursuant to SEBI Circular dated 12^lh December. 2024 with
respect to amendment in Regulation 36 of SEBI LODR, a letter providing the web-link, including
the exact path, where complete details of the Annual Report 2024-25 is available will be sent to
those shareholder(s) who have not so registered their email address .

E-VOTING PLATFORM

In compliance with provisions of Section 108 of the Companies Act, 2013 read with the Companies
(Management and Administration) Rules, 2014, your Company is registered with CDSL for
E-Voting Services to set up an electronic platform to facilitate shareholders to cast vote in electronic
form to exercise their right of voting at General Meetings/ business to be transacted by means of
voting through c-voting or ballot paper as provided under the Companies Act. 2013.

DIGITAL TRACKING OF INSIDER TRADING

The Securities Exchange Board of India (‘SEBI’) has through amendment of SEBI (Prohibition of
Insider Trading) Regulations, 2015 has directed the Companies to identify designated persons and
maintain a structured digital database of all such designated persons for prevention of Insider
trading. Accordingly, the Company has established an Insider Trading tracking and ensures proper
compliance, monitoring and regulate trading by insiders and process of sharing UPSI from time to
time.

OTHER DISCLOSURES

1. The Company has not entered into any one-time settlement proposal with any Bank or financial
institution during the year under report.

2. As per available information, no application has been filed against the Company under the
Insolvency and Bankruptcy Code, 2016 nor any proceedings thereunder is pending as on
31/03/2025.

CAUTIONARY STATEMENT

Statements in the Director''s Report and the Management Discussion & Analysis describing the
Company''s objectives, expectations or forecasts may be forward-looking within the meaning of
applicable securities laws and regulations. Actual results may differ materially from those
expressed in the statement. Important factors that could influence the Company''s operations include

global and domestic demand and supply, input costs, availability, changes in government
regulations, tax laws, economic developments within the country and other factors such as litigation
and industrial relations.

ACKNOWLEDGEMENTS

The Directors have pleasure to place on record their sincere appreciation to the government
authorities, Bankers, Financial Institutions, Consultants, Associates, Investors, shareholders,
employees, suppliers & contractors of the Company for the valuable co-operation and assistance
extended to the Company.

Your Directors are also pleased to record their appreciation for the dedication and contribution
made by employees at all levels who, through their competence and hard work, have established
Company to achieve better performance and look forward to their support in future as well.

By Order of the Board of Directors

Place: Rourkela

Date: 26/08/2025 Sd/ Sd/-

Akash Gupta Vikash Gupta

Whole time Director Director

(DIN:01326005) (DIN: 01326705)

Registered Office:

Plot No. P-25, Civil Township,

Rourkela, Sundargarh,

Odisha- 769004

---

Mar 31, 2024

We are pleased to present the 35^,h Annual Report and the Audited Statements of Accounts of
the Company for the year ended 31^st March, 2024.

PERFORMANCE OF THE COMPANY

The Company''s performance is summarized below:

FINANCIAL RESULTS

Rs. In I,:«khs

PARTICULARS	2023-2024	2022-2023
Income from operation	3007.73	1345.32
Other Income	49.98	2.12
Profit before Depreciation and Exceptional Items	63.22	49.99
Less: Depreciation	-	-
Add/(Less): Exceptional items	-	-
Profit/ (Loss) before Tax	63.22	49.99
Less: Provision for Taxation	6.69	4.49
Profit/ (Loss) after Tax	56.53	45.50

REVIEW OF OPERATIONS

During the financial year under review, the total income was Rs. 3057.71 Lakhs as against the
income of Rs. 1347.44 Lakhs in the previous financial year. The Company has earned Net Profit
of Rs.56.53 Lakhs as against net Profit of Rs.45.50 in the previous financial year.

MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE
FINANCIAL POSITION OF THE COMPANY

No material changes and commitments affecting the financial position of the Company have
occurred between the end of the Financial Year of the Company to which the Financial
Statement relate and the date of this report.

INDIAN ACCOUNTING STANDARDS

Pursuant to the notification dated February 16,2015 issued by the Ministry of Corporate Affairs,
the Company has adopted the Indian Accounting Standards (‘find AS”) notified under the
Companies (Indian Accounting Standard) Rules, 2015. Accordingly, the Financial Statements
have been prepared in compliance with Ind AS.

DIVIDEND

With a view to conserve funds for the operations of the Company your Directors have not
recommended any Dividend on the Equity Shares for the Financial Year under review.

TRANSFER TO RESERVES

There has been no transfer to reserves in the current Financial Year under review.
EMPLOYEE STOCK OPTION SCHEME

No shares have been issued or allotted under any Employee Stock Option Scheme during the
FY 2023-24.

SHARE CAPITAL

The paid-up Equity Share capital as on 31^st March, 2024 was Rs. 696.03 Lakhs including
Rs.32.03 Lakhs towards forfeited shares.

ANNUAL RETURN

Pursuant to Section 92(3) read with section 134(3) (a) of the Companies Act, 2013, copies of
the Annual Returns of the Company prepared in accordance with Section 92(1) of the Act read
with Rule 11 of the Companies (Management and Administration) Rules, 2014 are placed on
the website of the Company and is accessible at the website of the Company at www.bloom-
industries.com

PUBLIC DEPOSITS

During the year under review, the Company has not accepted or renewed any deposits falling
within the purview of provisions of Section 73 of the Companies Act, 2013 read with The
Companies (Acceptance of Deposits) Rules, 2014. Hence, the requirements for furnishing of
details of deposits which are not in compliance with Chapter V of the Act is not applicable.

LISTING WITH STOCK EXCHANGE

The Company continue to remain listed at Bombay Stock Exchange Limited (BSE) Mumbai.
The Annual listing fees for the year 2023-24 have been paid to the Stock Exchange where the
Company’s shares are listed.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report, as required under the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements). Regulations, 2015 (SEBI
LODR 2015), is forming part of this Annual Report.

DIRECTORS RESPONSIBILITY STATEMENT

As required under Section 134(3)(c) of the Companies Act, 2013 with respect to the Director''s
Responsibility Statement, it is hereby confirmed:

a. That in preparation of Annual Accounts for the Financial Year ended 31^st March.
2024, the applicable Accounting Standards have been followed along with proper
explanation relating to material departures.

b. That 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 state of affairs of the Company at the end of the
Financial Year and of the Profit & Loss of the Company for that period.

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

d. That the Directors have prepared the Annual Accounts on a going concern basis.

e. The Directors had laid down Internal Financial Control to be followed by the
Company and that such internal financial control is adequate and was operating
effectively.

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

REPORT ON CORPORATE GOVERNANCE

In terms of Regulation 15(2)(a) of SEBl(LODR), Regulations 2015, the compliance with the
Corporate Governance provisions as specified in Regulations 17, 17A, 18. 19, 20, 21, 22, 23,
24, 24A, 25, 26, 27 and Clauses (b) to (i) and (t) of sub-regulation (2) of Regulation 46 and
paragraphs C, D and E of Schedule V are not applicable to the Company as the paid up share
capital of the Company is less than 10 crores and its Net Worth does not exceed 25 crores as on
31^st March, 2024.

ENERGY CONSERVATION. TECHNOLOGY ABSORPTION AND FOREIGN
EXCHANGE EARNINGS AND OUTGO

The Particulars with respect to energy conservation, technology absorption, foreign exchange
earnings and outgo, as required to be disclosed under Section 134(3)(m) of the Companies Act,
2013, read with Rule 8(3) of The Companies (Accounts) Rules, 2014 and forming part of the
Directors'' Report for the year ended 31^st March, 2024 are as under :

(A) POWER AND FUEL CONSUMPTION

Electricity at factory''	2023-24	2022-23
Purchase Unit (KWH)	: 0 units	0 units
Total Amount	: Rs. 0/-	Rs. 0/-
Rate/ Unit	: Rs. 0/-	Rs. 0/-

(B) CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION

No Research and Development work has been carried out by the Company and
therefore, there is no expenditure on this head, or any benefit accrued from it.

(C) FOREIGN EXCHANGE EARNINGS AND OUTGO

The Foreign Exchange Earning during the year is Rs. NIL and Outgo Rs. NIL.

DISCLOSURE UNDER SECTION 197Q2) OF THE COMPANIES ACT, 2013

The Company does not have any employee receiving remuneration exceeding the limits
specified in Section 197(12) of the Companies Act, 2013. Hence the requirements as specified
in Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014 are not applicable to the Company.

Disclosure pertaining to Remuneration and other details as required under Section 197(12) of
the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 are kept at the Registered Office for
inspection 21 days before the date of Annual General Meeting of the Company Pursuant to
Section 136 of the Companies Act, 2013 and members, if any interested in obtaining the details
thereof shall make specific request to the Compliance Officer of the Company in this regard.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

In accordance with the provisions of Section 152 of the Companies Act, 2013 and Articles of
Association of the Company, Mr. Vikash Gupta (DIN-01326705), Director of the Company,
retires by rotation at the ensuing Annual General Meeting and being eligible has offered himself
for re-appointment.

The Independent Directors of the Company are highly competent, educated and qualified with
relevant experience and expertise. They contribute in various ways in the growth and
development of the Company.

None of the Independent Directors had any pecuniary relationship or transactions with the
Company during Financial Year 2023-24. None of the Directors or Key Managerial Personnel
(KMP) of the Company is related inter-se.

As per the information available with the Company, none of the Directors of the Company are
disqualified for being appointed as a Directors as specified in Section 164(2) of the Companies
Act, 2013.

There was no changes in Key Managerial Personnel during the year under review.

POLICY ON DIRECTORS APPOINTMENT AM) REMUNERATION

The Company’s policy on Directors Appointment and Remuneration including criteria for
determining qualifications, positive attributes, independence of a Director and other matters
provided under sub-section (3) of Section 178 of the Companies Act, 2013 is available on
Company’s website at the link httn: \\ ww.bloom-industries.coni im estorrclation corpor-ate
policies and code.

NAMES OF COMPANIES WHICH HAVE BECOME OR CEASED TO BE ITS
SUBSIDIARIES. JOINT VENTURES OR ASSOCIATE COMPANIES DURING THE
YEAR-NIL

BOARD EVALUATION

Pursuant to Section 178(2) of the Companies Act, 2013, the Nomination and Remuneration
Committee has carried out evaluation of performance of every Director. The Board has carried
out an Annual performance evaluation of its own performance, of the Directors individually as
well as evaluation of the working of its various Committees. The performance evaluation of
Independent Directors was carried out by the entire Board excluding the Director being
evaluated. The performance evaluation of the Chairman and Non-Independent Director was
carried out by the Independent Directors at their separate Meeting.

DECLARATION BY INDEPENDENT DIRECTORS:

Necessary declarations have been obtained from all the Independent Directors that they meet
the criteria of independence under sub-section (6) of Section 149 of the Companies Act, 2013
and as per Regulation 25 read with Regulation 16 of SEBI LODR Regulations. In the opinion
of the Board there has been no change in the circumstances which may affect in the status of
independent directors of the Company and the Board is satisfied of the integrity, expertise and
experience (including proficiency in terms of Section 150(1) of the Companies Act, 2013 and
applicable rules thereunder of all Independent Directors on the Board. In terms of Section 150
read with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014.
Independent Directors of the Company have undertaken requisite steps towards the inclusion
of their names in the databank of Independent Directors maintained with the Indian Institute of
Corporate Affairs.

MEETINGS OF THE BOARD

The details of the number of Meetings of the Board held during the Financial Year 2023-24 is
as under:

Name of the Director	Number of Board meetings held	Number of Board Meetings attended	Attende d last AGM	Shareholding in the Company as of March 31,2024 (No. of Shares)
Mr. Rajendra Prasad Gupta	6	6	Yes	13,73,300
Mr. Akash Gupta	6	5	Yes	10,25,000
Mr. Vikash Gupta	6	6	Yes	10,47,700
Mr. Srikant Mundhra	6	6	Yes	NIL
Mrs. Sonuka Gupta (*Resigned wef. 29-05-2023)	6	0	NA	NIL
Mrs. Anu Gupta (*Resigned wef. 11-08-2023)	6	0	NA	NIL
Mrs. Parul Johari (*A ppoinled wef. 29-05-2023)	6	4	Yes	NIL
Mr. Ajay Kumar Sinha (*Appointed wef. 11-08-2023)	6	4	Yes	NIL

COMMITTEES OF THE BOARD

The details relating to all the Committees constituted by the Company are as follows:

Audit Committee

(a) COMPOSITION:

Audit Committee of the Board of Directors is entrusted with the responsibility to
supervise the Company’s internal financial controls and financial reporting process. The
Composition and quorum are in accordance with Section 177 of the Companies Act.
2013. All Members of the Audit Committee possess financial/accounting
expertise/exposure. The Audit Committee comprised of 3 Members:

Sr.No.	Name	Designation
1	Mr. Vikash Gupta	Non- Executive Non-Independent Director
2.	Mrs. Sonuka Gupta (*Resigned wef.29-05-2023)	Independent Director
3.	Mrs Anu Gupta (*Resigned wef. 11-08-2023)	Independent Director
4.	Mr. Srikant Mundhra (*Appointed wef. 11-08-2023)	Independent Director
5.	Mrs. Parul Johari (*Appointed wef. 29-05-2023)	Independent Director

MEETINGS AND ATTENDANCE:

The Audit committee met Five (5) times during the Financial Year 2023-24. The
Committee met on 29th May, 2023, 11th August 2023, 08th November, 2023, 09^th
November 2023 and 13th February 2024. The Necessary quorum was present for all
Meetings. The table below provided Attendance of the Audit Committee Members.

Sr No	Name of the Director	Position	Category	Meetings Attended
1.	Mr. Vikash Gupta	Member	Non-Executive Non¬ Independent Director	5
2.	Mrs. Sonuka Gupta (♦Resigned w.e.f 29-05-2023)	Member	Independent Director	1
3.	Mrs. Parul Johari (♦Appointed w.e.f. 29-05¬ 2023)	Member	Independent Director	4
4.	Mrs. Anu Gupta (*Resigned w.e.f 11-08-2023)	Chairman	Independent Director-Chairman	2
5.	Mr. Srikant Mundhra (♦Appointed w.e.f. 11-08-2023) (♦Chairman w.e.f. 08-11-2023)	Chairman	Independent Director-Chairman	3

(b) TERMS OF REFERENCE:

The terms of reference of the Audit Committee inter alia include the following:

i. The recommendation for appointment, remuneration and terms of appointment
of Auditors of the Company.

ii. Review and monitor the Auditors Independence and performance, and
effectiveness of Audit process.

iii. Examination of the financial statement and Auditors Report thereon.

iv. Approval or any subsequent modification of transaction of the Company with
related parties.

Provided that the Audit Committee may make Omnibus Approval for related
party transactions proposed to be entered into by the Company subject to such
consultations as may be prescribed.

v. Scrutiny of Corporate Loans and Investments.

vi. Valuation of undertakings or assets of the Company wherever it is necessary.

vii. Evaluation of internal financial controls and risk management system.

viii. Monitoring the end use of funds raised through public offers and related matters.

ix. Calling for the Comments of the Auditors about internal control system, the
scope of Audit, including the observations of the Auditors and review of
Financial Statements before their submission to the Board and may also discuss
any related issues with the Internal and Statutory Auditors and Management of
the Company.

x. Authority to investigate into any matter in relation to the item specified from (i)
to (ix) above or referred to it by the Board.

(c) FUNCTION:

The Audit Committee, while reviewing the Annual Financial Statement also review'' the
applicability of various Accounting Standards (AS) referred to in Section 133 of the
Companies Act, 2013. Compliance of the Accounting Standard as applicable to the
Company has been ensured in the preparation of the Financial Statement for the year
ended 31^st March, 2024.

Besides the above Chairman, Whole-Time Director, Chief Financial Officer, Business
heads of the Company divisions and the representatives of the Statutory Auditors are
permanent invitees of the Audit Committee Meetings.

The Audit Committee also oversees and reviews the functioning of Vigil Mechanism
(implemented in the Company as a Risk Management Policy and Whistle Blower
Policy) and review the finding of investigation in the cases of material nature and the
action taken in respect thereof.

NOMINATION AND REMUNERATION COMMITTEE

(a) COMPOSITION:

The Board of Directors has framed policy which lays down a framework in relation to
remuneration of Directors. Key Managerial Personnel and Senior Management of the
Company. This policy also lays down criteria for selection and appointment of Board
Members. The Constitution of the Nomination and Remuneration Committee comprises
of 3 Members:

Sr. No.	Name	Designation
1	Mr Vikash Gupta	Non-Executive Director
2	Mrs. Anu Gupta (*Resigned w.e.f.l 1-08-2023)	Independent Director
3	Mrs. Sonuka Gupta (*Resigned w.e.f.29-05-2023)	Independent Director
4	Mr. Srikant Mundhra (*Appointed w.e.f. 11-08-2023) (* Chairman w.e.f. 08-11-2023)	Independent Director
5	Mrs. Parul Johari (♦Appointed w.e.f.29-05-2023)	Independent Director

(b) MEETING AND ATTENDANCE:

The Nomination & Remuneration Committee met Two (2) times during the Financial
Year 2023-24. The Committee met on 29^th May, 2023 & 11^th August, 2023. The
necessary quorum was present for all Meetings. The table below provided Attendance of
the Nomination & Remuneration Committee members.

Sr No.	Name of the Director	Position	Category	Meetings Attended
1.	Mrs. Anu Gupta (♦Resigned wef.l 1-08-2023)	Chairman	Independent	2
2.	Mr. Vikash Gupta	Member	Non Executive Non Independent Director	2
3.	Mrs. Sonuka Gupta (♦Resigned w.e.f.29-05-2023)	Member	Independent	1
4.	Mr. Srikant Mundhra (♦Appointed w.e.f 11-08-2023 (♦Chairman w.e.f. 08-11-2023)	Chainnan	Independent	0
5.	Mrs. Parul Johari (♦Appointed wef. 29-05-2023)	Member	Independent	1

(c) TERMS OF REFERENCE:

The Committees composition meets with requirements of Section 178 of the Companies
Act, 2013. The terms of reference of the Committee inter alia, includes the following:

1. To identify persons who are qualified to become Directors and who may be appointed
in Senior Management in accordance with the criteria let down and to recommend to the
Board their appointment and removal and shall carry out evaluation of every Directors
performance.

2. To formulate the criteria for determining qualifications, positive attributes and
independence of a Directors and recommend to the Board a Policy relating to the
remuneration for the Directors, Key Managerial Personnel and other Employees.

3. To ensure that the level and composition of remuneration is reasonable and sufficient to
attract, retain and motivate Directors of the quality required to run the Company
successfully.

4. To ensure that relationship of remuneration to performance is clear and meets
appropriate performance benchmark.

5. To ensure that remuneration to Directors, Key Managerial Personnel and Senior
Management involves balance between fixed and incentive pay reflecting short term and
long term performance objectives appropriate to the working of the Company and its
goals.

6. The Company has updated its Nomination and Remuneration Policy for determining
remuneration of its Directors. Key Managerial Personnel and Senior Management and
other matters provided under Section 178(3) of the Companies Act, 2013 and Listing
Regulations, adopted by the Board. The details of this policy have been posted on the
website of the Company at: www.bloom-industries.com

STAKEHOLDERS RELATIONSHIP COMMITTEE:

(a) COMPOSITION:

The Board has reconstituted ShareholdersVInvestors Grievance Committee as
Stakeholders Relationship Committee in accordance with the provisions of the
ComDanies Act. 2013. The Stakeholders RelationshiD Committee comprised of:

Sr. No.	Name	Designation
1	Mr Vikash Gupta	Non-Executive Director
2	Mrs. Anu Gupta (Resigned w.e.f. 11-08-2023)	Independent Director
3	Mrs. Sonuka Gupta (Resigned w.e.f. 29-05-2023)	Independent Director
4	Mr. Srikant Mundhra (Chairman w.e.f. 11-08-2023)	Independent Director
5	Mrs. Parul Johari (Appointed w.e.f.29-05-2023)	Independent Director

(b) MEETINGS AND ATTENDANCE:

The Stakeholders Relationship Committee met Four (4) times during the Financial Year
2023- 24. The Committee met on 29th May, 2023, 11th August 2023, 09^th November
2023 and 13th February 2024. The necessary quorum was present for all Meetings.

Sr No.	Name of the Director	Position	Category	Meetings Attended
1.	Mrs. Anu Gupta (Resigned wef. 11-08-2023)	Chairman	Independent	2
2.	Mr. Vikash Gupta	Member	Non Executive Non Independent director	4
3.	Mrs. Sonuka Gupta (Resigned wef.29-05-2023)	Member	Independent	1
4.	Mr. Srikant Mundhra (Appointed wef. 11-08-2023) (Chairman wef. 09-11-2023)	Chairman	Independent	2
5.	Mrs. Parul Johari (Appointed wef.29-05-2023)	Member	Independent	3

(c) TERMS OF REFERENCE:

The Company with the assistance of the Registrar and Share Transfer Agent M/s. Purva
Sharegistry (India) Private Limited attend to all grievances of the Shareholders received
directly through SEBI. Stock Exchanges, Ministry of Corporate Affairs, Registrar of
Companies, etc. The Minutes of the Stakeholders Relationship Committee

Meetings are circulated to the Board and noted by the Board of Directors at the Board
Meeting.

Continuous efforts are made to ensure that grievances are more expeditiously redressed
to the complete satisfaction of the Investors. Shareholders are requested to furnish their
Telephone Numbers and e-mail address to facilitate prompt action.

DETAILS OF SHAREHOLDERS COMPLAINTS RECEIVED, SOLVED AND
PENDING SHARE TRANSFERS COMPLAINTS:

Sr. No.	Nature of the complaint	Received	Replied	Pending
1	Non-receipt of shares certificates lodged for transfer	0	0	0
2	Non-receipt of dividend warrants	0	0	0
3	Non-receipt of dividend warrants after revalidation	0	0	0
4	Non-receipt of share certificates lodged for split/ Bonus shares	0	0	0
5	Non Receipt of duplicate shares certificates	0	0	0
6	Letters from SEBI / stock Exchange	0	0	0
7	Letters from Department of Company Affairs / Other Statutory Bodies	0	0	0
	Total	0	0	0

During the year, NIL complaints regarding non-receipt of shares sent for transfer. Demat queries
were received from the shareholders, all of which have been resolved. The company had no
transfers pending at the close of 31.03.2024.

REQUESTS:

Sr. No.	Nature of the Requests	Received	Replied	Pending
1	Receipt of dividend warrants for revalidation	0	0	0
2	Request for mandate correction on Dividend warrants	0	0	0
3	Request for duplicate Dividend warrant	0	0	0
4	Request for copy of Annual Report	0	0	0
5	Request for TDS Certificate	0	0	0
6	Request for exchange of split Share certificate	0	0	0
	Total	0	0	0

RISK MANAGEMENT

The Company has laid down the procedures to inform to the Board about Risk assessment and
minimization procedures and the Board has formulated Risk Management policy to ensure that
the Board, its Audit Committee should collectively identify risk impacting the Company’s
business and document, their process of risk identification and risk minimization as a part of
Risk Management Policy/Strategy. The Risk Management Policy of the Company is available
on Company’s website at the link https://www.bloom-
industries.com/Default.aspx?PagelD=^:3&RepoitCatlD=12

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has an Internal Control System, commensurate with the size, scale and
complexity of its operations.

Based on the report of Internal Auditors, corrective action is undertaken in the respective areas
and thereby strengthens the controls. Significant audit observations and corrective actions
thereon are presented to the Audit Committee of the Board.

During the year under review, no material or serious observation has been received from the
Internal Auditors of the Company for inefficiency or inadequacy of such controls.

CORPORATE SOCIAL RESPONSIBILITY {( SR)

In accordance with the provisions of Section 135 read with Schedule VII of the Companies Act,
2013 the Company is not required to adopt a CSR Policy outlining various CSR activities to be
undertaken by the Company.

BUSINESS RESPONSIBILITY REPORT

The Company is not required to comply with the requirements associated with Regulation
34(2)(f) of the Listing Regulations. 2015.

AUDITORS AND THEIR REPORTS

a. STATUTORY AUDITOR

M/s. Tibrewal Chand & Co., Chartered Accountants (Firm Regn No.: 311047E who is
holding office till the conclusion of 35^th AGM and shall be appointed as the Statutory
Auditors of the Company to hold office from the conclusion of the Annual General
Meeting of 2024 and upto the conclusion of the Annual General Meeting to be held for
2029.

The Report given by the Statutory Auditor for the Financial Statements for the year
ended 31^st March. 2024 read with Explanatory Notes thereon do not call for any
explanation or comments from the Board under Section 134 of the Companies Act,
2013.

b. SECRETARIAL AUDITOR

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. the
Board has appointed M/s Gopinath Nayak & Associates, Practicing Company
Secretaries, to conduct Secretarial Audit for the Financial Year 2023-24. The Secretarial
Audit Report for the Financial Year ended 31^sl March. 2024 is annexed herewith marked
as “Annexure B" to this Report. The observations made by the Secretarial Auditor in his
report are self -explanatory and does not contain any qualification.

c. INTERNAL AUDITOR

M/s Pawan Shyam Associates, Chartered Accountants, has been appointed as Internal
Auditors for the financial year 2023-24. The Company has adequate system of internal
checks and controls and the functions of Internal Auditor is being looked after by the
Directors.

d. COST AUDITOR

The Company is not required to maintain Cost Audit Records as its turnover is less than
prescribed limit. Company not engaged in production of goods or providing services in
respect of which any order has been passed by the Central Government under Section
148 of the Companies Act, 2013 read with the Companies (Cost Records and Audit)
Rules, 2014.

AUDITOR’S REPORT:

The Auditors'' Report to the Shareholders does not contain any reservation, qualification, or
adverse remark. During the year under review, neither the statutory auditors nor secretarial
auditors have reported to the Audit Committee of the Board under Section 143(12) of the Act,
any instances of fraud committed against the Company by its officers and employees, the details
of which need to be mentioned in this Report.

BOARD’S RESPONSE ON AUDITORS’ QUALIFICATION. RESERVATION OR
ADVERSE REMARK OR DISCLAIMER MADE

There are no qualifications, reservations or adverse remarks made by the Statutory Auditors in
their report or by the Practicing Company Secretary in their Secretarial Audit for FY 2023-24.
During the year, there has been no instances of frauds reported by Auditors under Section
143(12) of the Companies Act, 2013.

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT
WORKPLACE (PREV ENTION, PROHIBITION AND REDRESSAD ACT. 2013

The Company has a Prevention of Sexual Harassment Policy in line with the requirements of
Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.
During the period under review, no complaint was received by the Internal Complaint
Committee.

VIGIL MECHANISM/ WHISTLE BLOWER POLICY

The Vigil Mechanism of the Company is incorporated under Whistle Blower Policy. Protected
Disclosure can be made by a Whistle Blower through an e-mail or to the Chairman of the Audit
Committee. The Policy on Vigil Mechanism and Whistle Blower Policy can be accessed on the
Company’s Website at the link https://www.bloom-

industries.com/Default.aspx‘?PageID=3&ReportCatID=12

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED
PARTIES REFERRED TO IN SECTION 188(1) OF THE COMPANIES ACT, 2013

During the Financial Year 2023-24. your Company has entered into transactions with Related
Parties as defined under Section 2(76) of the Companies Act, 2013 read with The Companies
(Specifications of Definitions details) Rules, 2014. The details of such transaction are given in
Notes of the Financial Statements forming part of this Annual Report.

The Company has formulated policy on materiality of related party transactions and also on
dealing with related party transactions. The policy is available on the Company’s website:
www.bloom-industries.com. The policy intends to ensure that proper reporting, approval and
disclosure processes are in place for all transactions between the Company and Related Parties.

All Related Party Transactions are placed before the Audit Committee (for approval) as well as
the Board of Directors, on a quarterly basis. There has not been any Omnibus approval for such
transactions pursuant to Regulation 23 of the Listing Regulations, 2015.

PARTICULARS OF LOANS OR GUARANTEES GIVEN, SECURITIES PROVIDED
OR INVESTMENTS MADE, UNDER SECTION 186 OF THE COMPANIES ACT,2013

The details of Loans and Advances have been given in Notes of the Annual Report. The
Company has made/provided Investments during the year under report. However, the Company
has not given any Guarantee nor provided any Securities during the year under report.

ADEQUACY OF INTERNAL FINANCIAL CONTROLS

The Board has laid down Internal Financial Control Policy to be followed by the Company and
the policy is available on Company’s website at the link https://www,bloom-
industries.com/Default.aspx?PageID=3&ReportCatID=12 The Company has in place adequate

internal financial controls with reference to financial statements. During the year such controls
were reviewed and no reportable material weakness in the operation was observed.

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

There are no significant and material orders passed by the Regulators or Courts or Tribunals
which would impact the going concern status and the Company''s future operations.

HUMAN RESOURCES DEVELOPMENT AND INDUSTRIAL RELATIONS

The Company is maintaining cordial and healthy relations with its employees. Employees at all
levels are extending their full support. The Company has strong faith in potential of human
resources. It believes in the creative abilities of the people; those work for the Company. It
believes in the participatory management. The Company takes pride in the commitment,
competence and dedication shown by its employees in all areas of Business.

The Company is committed to nurturing, enhancing and retaining top talent through superior
Learning and Organizational Development. This is a part of Corporate HR function and is a
critical pillar to support the Organization''s growth and its sustainability in the long run.

KF.Y FINANCIAL RATIO

Key Financial Ratios for the financial year ended March 31, 2024, are provided in the
Management Discussion and Analysis Report.

SECRETARIAL STANDARDS

The company hereby affirms that during the year under review company has complied with all
the applicable secretarial standards (including any modifications or amendments thereto) issued
by the Institute of Company Secretaries of India.

REPORTING OF FRAUDS

There was no instance of fraud during the year under review, which required the Statutory
Auditors to report to the Audit Committee and / or Board under Section 143(12) of the Act and
the rules made thereunder.

GREEN INITIATIVE

Electronic copy of the Annual Report for FY 2023-24 and the Notice of ensuing AGM is being
sent to all shareholders whose email addresses are available in the demat account and registered
with Company''s Registrar and Share Transfer Agent. Shareholders holding shares in demat
form are requested to update their email addresses with their Depository Participant(s).

E-VOTING PLATFORM

In compliance with provisions of Section 108 of the Companies Act, 2013 read with the
Companies (Management and Administration) Rules, 2014. your Company is registered with
CDSL for E-Voting Services to set up an electronic platform to facilitate shareholders to cast
vote in electronic form to exercise their right of voting at General Meetings/ business to be
transacted by means of voting through e-voting or ballot paper as provided under the Companies
Act, 2013.

DIGITAL TRACKING OF INSIDER TRADING

The Securities Exchange Board of India (‘SEBI’) has through amendment of SEBI (Prohibition
of Insider Trading) Regulations, 2015 has directed the Companies to identify designated
persons and maintain a structured digital database of all such designated persons for prevention
of Insider trading. Accordingly, the Company has established an Insider Trading tracking and
ensures proper compliance, monitoring and regulate trading by insiders and process of sharing
UPSI from time to time.

OTHER DISCLOSURES

1. The Company has not entered into any one-time settlement proposal with any Bank or
financial institution during the year under report.

2. As per available information, no application has been filed against the Company under the
Insolvency and Bankruptcy Code, 2016 nor any proceedings thereunder is pending as on
31/03/2024.

CAUTIONARY STATEMENT

Statements in the Director’s Report and the Management Discussion & Analysis describing the
Company''s objectives, expectations or forecasts may be forward-looking within the meaning of
applicable securities laws and regulations. Actual results may differ materially from those
expressed in the statement. Important factors that could influence the Company''s operations
include global and domestic demand and supply, input costs, availability, changes in
government regulations, tax laws, economic developments wdthin the country and other factors
such as litigation and industrial relations.

ACKNOWLEDGEMENTS

The Directors have pleasure to place on record their sincere appreciation to the government
authorities, Bankers, Financial Institutions, Consultants, Associates, Investors, shareholders,
employees, suppliers & contractors of the Company for the valuable co-operation and assistance
extended to the Company.

Your Directors are also pleased to record their appreciation for the dedication and contribution
made by employees at all levels who. through their competence and hard work, have established
Company to achieve better performance and look forward to their support in future as well.

By Order of the Board of Directors

Place: Rourkela

Date: 07/09/2024 Sd/ Sd/-

Akash Gupta Vikash Gupta

Whole time Director Director

(DIN :01326005) (DIN: 01326705)

Registered Office:

Plot No. P-25, Civil Township,

Rourkela, Sundargarh.

Odisha - 769004

---

Mar 31, 2014

The Members,

The Directors have great pleasure in presenting the Twenty Fifth Annual Report and the Audited Statements of Accounts of the Company for the year ended 31 st March, 2014.

FINANCIAL RESULTS:

PARTICULARS 2013-2014 2012-2013

Income from operation 25,83,256 2,440,805

Other Income 29,08,560 31,41,035

Profit before Depreciation and Exceptional Items 25,88,794 27,85,632

Less: Depreciation 19,16,109 19,25,422

Add/(Less): Exceptional items 4,219 -

Profit/(Loss) before Tax 6,68,466 8,60,210

Less: Provision for Taxation 1,27,376 1,64,000

Profit/ (Loss) after Tax 5,41,090 6,96,210

Less: Earlier Year - - Adjustment

Net Profit/(Loss) 5,41,090 6,96,210

Add: Balance of Profit brought forward from previous year (78,70,921) (85,67,131)

Balance Carried to Balance Sheet (73,29,831) (78,70,921)

REVIEW OF OPERATIONS

During the year under review, the total income was Rs. 54,91,816 as against the income of Rs. 55,81,840 of the previous year. The Company earned net profit of Rs. 5,41,090 as against Rs. 6.96,210 in the previous year 2012-2013.

DIVIDEND

In view of accumulated brought forward losses, the Board of Directors does not recommend any Dividend.

DIRECTORS

In accordance with the provisions of the Companies act, 1956, and the Company''s Articles of Association, Mr. Sharad Kumar Gupta retires by rotation and being eligible offer himself for re-appointment. Your Board of Directors recommends his re-appointment. Shri Rajesh Kumar Nagori, Shri Rohit G. Lohia, and Shri Vinod Kumar Jakhoria Independent Directors of the Company are proposed to be appointed as Independents Directors of the Company to hold office for 5 (five) consecutive years with effect from August 25th, 2014 upto August 24th, 2019.

DIRECTORS RESPONSIBILITY STATEMENT

As required under Section 217(2AA) of the Companies Act, 1956 with respect to the Director''s Responsibility Statement, it is hereby confirmed:

I) That in preparation of Annual Accounts for the Year ended 31st March, 2014, the applicable Accounting Standards have been followed along with proper explanation relating to material departures.

ii) That 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 state of affairs of the Company for a period under review.

iii) That to the best of their knowledge and information they have taken proper and sufficient care 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 fraud and other irregularities; and

iv) That the Directors have prepared the Annual Accounts for the financial Year ending 31st March, 2014 on a going concern basis.

Audit Committee

The Audit Committee comprises of:

Sr.No. Name Designation

1 Mr. Rajesh Kumar Nagori Independent Director (Chairman of the Committee)

2 Mr. Vinod Kumar Jakhoria Non Executive Independent Director

3 Mr. Rohit Lohia Non Executive-Independent Director

Stakeholders Relationship Committee:

The Board has rechristened Shareholders''/Investors Grievance Committee as Stakeholders Relationship Committee in accordance with the provisions of the Companies Act, 2013 and Clause 49 of the Listing Agreement. The terms of reference of the shareholders''/investors Grievance Committee was conferred on the Stakeholders Relationship Committee

Sr. No. Name Designation

1 Shri Rajesh Kumar Nagori Chairman

2 Shri Vinod Kumar Jakhoria Member

3 Shri Rohit Lohia Member

Corporate Governance

The Company is committed to maintain the highest standards of corporate governance and adhere to the corporate governance requirements set out by SEBI. In Compliance with Clause 49 of the Listing Agreement with the Stock Exchange, a detailed Corporate Governance Report forms part of the Annual Report.

The requisite certificate from the Practicing Company Secretary, confirming compliance with the conditions of Corporate Governance as stipulated under Clause 49 of the Listing Agreement forms part of this report

Auditors And Auditors''Report

M/s Sarda Soni & Associates, Chartered Accountants, Statutory Auditors of the Company, hold office till the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment.

The Audit Committee recommends the re-appointment of M/s Sarda Soni & Associates Chartered Accountants, as Statutory Auditors of the Company.

The Company has received letter from them to the effect that their re-appointment, if made, would be within the prescribed limits under Section 141 (3)(g) of the Companies Act, 2013 and that they are not disqualified for re- appointment.

The Notes on Financial Statements referred to in the Auditors'' Report are self-explanatory and do not call for any further comments

Deposits

The Company did not invite / accept any Fixed Deposits from the public during the year under report.

PERSONNEL

None of the Employees of the Companies are in receipt of Remuneration in excess of the limits prescribed under Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975.

CODE OF CONDUCT

The Board of Directors has approved "Code of Conduct for the Board of Directors" in compliance with amended Clause 49 of Listing Agreement.

EMPLOYEES RELATIONS

The relation between the Employees and Management continue to be good and cordial.

ACKNOWLEDGEMENTS

The Directors have pleasure to place on record their appreciation for the valuable co-operation and assistance by the Company''s Bankers, Financial Institutions, Associates, Investors and Employees.

Your Directors are also pleased to record their appreciation for the dedication and contribution made by employees at all levels who, through their competence and hard work, have established Company to achieve better performance andlook forward to their support in future as well.

Energy conservation, technology absorption and foreign exchange earnings and outgo

The Particulars with respect to energy conservation, technology absorption, foreign exchange earnings and outgo, as required to be disclosed under Section 217(1)(e) of the Companies Act, 1956, read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 and forming part of the Directors'' Report for the year ended 31 st March, 2014 are annexed to this report.

(A) POWER AND FUEL CONSUMPTION

Electricity at factory 2013-14 2012-13

Purchase Unit (KWH) 78,088 63,785 units

Total Amount Rs. 6,37,899/- Rs. 5,50,943/-

Rate/Unit Rs.8.17 Rs.8.64

(B) TECHNOLOGY ABSORPTION

No Research and Development work has been carried out by the Company and therefore, there is no expenditure on this head, or any benefit accrued from it.

(C) FOREIGN EXCHANGE EARNINGS AND OUTGO

The Foreign Exchange Earning during the year is Rs.NIL and Outgo Rs. NIL.

By Order of the Board of Directors

Kamal Kumar Chaudhary Chairman Place: Mumbai Date : 28/5/2014

Registered Office:

C-23/2,M.I.D.C, Taloja-410208 Dist.Raigad, Maharashtra

---

Mar 31, 2013

To, The Members,

The Directors have great pleasure in presenting the twenty Fourth Annual Report and the Audited Statements of Accounts of the Company for the year ended 31st March, 2013.

FINANCIAL RESULTS :

PARTICULARS 2012-2013 2011-2012

Profit before Depreciation and Exceptional Items 27,85,632 54,33,506

Less: Depreciation 19,25,422 19,07,578

Add/(Less): Exceptional items (13,80,699)

Profit/ (Loss) before Tax 8,60,210 21,45,229

Less: Provision for Taxation 1,64,000 4,09,000

Profit/(Loss) after Tax 6,96,210 17,36,229

Less: Earlier Year

Adjustment

Net Profit (Loss) 6,96,210 17,36,229

Add: Balance of Profit brought forward from previous year (85,67,131) (1,03,360)

Balance Carried to Balance Sheet (78,70,921) (85,67,131)



REVIEW OF OPERATIONS

During the year under review, the total income from operation was Rs. 55.82 Lacs as against the income of Rs.88.35 Lacs of the previous year. The Company earned net profit of Rs.6.96 Lacs as against Rs. 17.36 Lacs in the previous year 2011 -2012.

DIVIDEND

in view of accumulated brought forward losses, the Board of Directors does not recommend any Dividend.

PUBLIC DEPOSITS

The Company has not invited any deposits from the Public.

DIRECTORS

In accordance with the provisions of the Companies act, 1956, and the Company''s Articles of Association, Mr. Ashish Chaudhary retires by rotation and being eligible offer himself for re-appointment. Your Board of Directors recommends their re-appointment.

Mr. Rajesh Kumar Nagori retires by rotation and being eligible offer himself for re-appointment. Your Board of Directors recommends their re-appointment.

DIRECTORS RESPONSIBILITY STATEMENT

As required under Section 217(2AA) of the Companies Act, 1956 with respect to the Director''s Responsibility Statement, it is hereby confirmed:

i) That in preparation of Annual Accounts for the Year ended 31s'' March, 2013, the applicable Accounting Standards have been followed along with proper explanation relating to material departures.

ii) That 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 state of affairs of the Company for a period under review.

iii) That to the best of their knowledge and information they have taken proper and sufficient care 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 fraud and other irregularities; and

iv) That the Directors have prepared the Annual Accounts for the financial Year ending 31s'' March, 2013 on a going concern basis.

PERSONNEL

None of the Employees of the Companies are in receipt of Remuneration in excess of the limits prescribed under Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975.

CORPORATE GOVERNANCE

A separate Report on the compliance with Clause 49 of the Listing Agreement with the Stock Exchange on Corporate Governance and Auditors Certificate on its compliance forms part of this Report.

AUDITORS

The Auditors M/s. Sarda Soni Associates, Chartered Accountants, Statutory Auditors of the Company retires at the conclusion of the ensuing Annual General Meeting and expresses their willingness to continue, if so appointed.

CODEOFCONDUCT

The Board of Directors has approved "Code of Conduct for the Board of Directors" in compliance with amended Clause 49 of Listing Agreement.

EMPLOYEES RELATIONS

The relation between the Employees and Management continue to be good and cordial.

ACKNOWLEDGEMENTS:

The Directors have pleasure to place on record their appreciation for the valuable co-operation and assistance by the Company''s Bankers, Financial Institutions, Associates, Investors and Employees.

Your Directors are also pleased to record their appreciation for the dedication and contribution made by employees at all levels who, through their competence and hard work, have established Company to achieve better performance and look forward to their support in future as well.

PARTICULARS OF CONSERVATION OF ENERG., TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

The particulars with respect to Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo pursuant to Companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988 and under Section 217(1 )(e) of the Companies Act, 1956 is set out here under:

(A) POWER AND FUEL CONSUMPTION

Electricity at factory 2012-13 2011-12

Purchase Unit (KWH) 63,785 Units 68,761 units

Total Amount Rs. 5,50,943/- Rs. 5,02,604/-

Rate/ Unit Rs. 8.64 Rs.7.31

(B) TECHNOLOGY ABSORPTION

No Research and Development work has been carried out by the Company and therefore, there is no expenditure on this head, or any benefit accrued from it.

(C) FOREIGN EXCHANGE EARNINGS AND OUTGO

The Foreign Exchange Earning during the year is Rs. NIL and Outgo Rs. NIL.

REGISTRAR & SHARE TRANSFER AGENT

M/s. Purva Sharegistry (India) Private Limited 9, Shiv ShaktfTndustrial Estate Ground Floor, Sitaram Mill Compound J.R.BorichaMarg, LowerParel, Mumbai-400011

Registered Office: By Orderofthe Board of Directors

C-23/2,M.I.D.C,

Taloja-410208

Dist. Raigad,

Maharashtra Kamal Kumar Chaudhary

Chairman

Date: 30/05/2013

---

Mar 31, 2010

The Directors have great pleasure in presenting the twenty first Annual Report and the Audited Statements of Accounts of the Company for the year ended 31st March, 2010

FINANCIAL RESULTS :

PARTICULARS 2009-2010 2008-2009

Profit before Depreciation and

Exceptional Items 56,87,187 45,30,935

Less: Depreciation 17,71,332 15,96,679

Add/(Less): Exceptional items (1,85,958) -

Profit/ (Loss) before Tax 37,29,897 29,34,256

Less: Provision for Taxation 5,93,760 3,30,554

Profit/(Loss) after Tax 31,36,137 26,03,702

Less: Earlier Year Adjustment - 40,619

Add: Balance of Profit brought

forward from previous year (1,47,39,253) (1,73,02,336)

Balance Carried to Balance Sheet (1.16,03,116) (1,47,39,253)



REVIEW OF OPERATIONS

During the year under review, the total income from operation was Rs.85.34 Lacs as against the income of Rs.141.82 Lacs of the previous year. The Company earned net profit of Rs.31.36 Lacs as against Rs.25.63 Lacs in the previous year2008-2009.

DIVIDEND

In view of accumulated brought forward losses, the Board of Directors does not recommend any Dividend.

PUBLIC DEPOSITS

The Company has so far not invited any deposits from the Public.

DIRECTORS

Mr. Vimal Sharma, Director of the Company retires by rotation but has not offered himself for reappointment. Accordingly he will cease to be Director of the Company w.e.f. 24-09-2010.

The Company has received a Notice under Section 257 of the Companies Act, 1956 from a Shareholder signifying his intention to propose appointment of Mr. Vinod Kumar Jakhoria as Director of the Company at a forthcoming Annual General Meeting.

The Company has received a Notice under Section 257 of the Companies Act, 1956 from a Shareholder signifying his intention to propose appointment of Mr. Rohit Lohia as Director of the Company at a forthcoming Annual General Meeting.

DIRECTORS RESPONSIBILITY STATEMENT

As required under Section 217(2AA) of the Companies Act, 1956 with respect to the Directors Responsibility Statement, it is hereby confirmed:

i) That in preparation of Annual Accounts for the Year ended 31" March, 2010, the applicable Accounting Standards have been followed along with proper explanation relating to material departures.

ii) That 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 state of affairs of the company for a period under review.

iii) That to the best of their knowledge and information they have taken proper and sufficient care 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 fraud and other irregularities; and

iv) That the Directors have prepared the Annual Accounts for the financial Year ending 31" March, 2010 on a going concern.

PERSONNEL

None of the Employees of the Companies are in receipt of Remuneration in excess of the limits prescribed under Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975.

CORPORATE GOVERNANCE

A separate Report on the compliance with Clause 49 of the Listing Agreement with the Stock Exchange on Corporate Governance and Auditors Certificate on its compliance forms part of this Report.

DEMATERIALISATION OF SECURITIES

The Company Dematerialized of Security 33,75,700 Shares out of 47,06,000 till 31" March, 2010 (71.73%)withCDSLbearing lSIN No.lNE373E01015.

AUDITORS

The Auditors M/s. Jangid & Associates, Chartered Accountants, Statutory Auditors of the Company retires at the conclusion of the ensuing Annual General Meeting and expresses their willingness to continue, if so appointed.

CODE OF CONDUCT

The Board of Directors has approved "Code of Conduct for the Board of Directors" in compliance with amended Clause 49 of Listing Agreement.

EMPLOYEES RELATION

The relation between the Employees and Management continue to be good and cordial.

ACKNOWLEDGEMENTS:

The Directors have pleasure to place on record their appreciation for the valuable co-operation and assistance by the Companys Bankers, Financial Institutions, Associates, Investors and Employees.

Your Directors are also pleased to record their appreciation for the dedication and contribution made by employees at all levels who, through their competence and hard work, have established Company to achieve better performance and look forward to their support in future as well.

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

The particulars with respect to Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo pursuant to Companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988 and under Section 217(1 )(e) of the Companies Act, 1956 is set out here under:

(A) POWER AND FUEL CONSUMPTION

Electricity at factory

Purchase Unit (KWH) 55,205 Units

Total Amount Rs. 4,03,086/-

Rate/Unit Rs.7.30

IB) TECHNOLOGY ABSORPTION

No Research and Development work has been carried out by the Company and therefore, there is no expenditure on this head, or any benefit accrued from it.

(C) FOREIGN EXCHANGE EARNINGS AND OUTGO

The Foreign Exchange Earning during the year is Rs. NIL and Outgo Rs. NIL.



Registered Office: By Order of the Board of Directors

C-23/2,M.I.D.C,

Taloja-410208

Dist. Raigad,

Maharashtra Kamal Kumar Chaudhary

Chairman

Date: 23/08/2010

---

Mar 31, 2009

The Directors have pleasure in p resenting the TWENTEETH ANNUAL REPORT and the Audited statements of Accounts of the Company for the year ended 31st March, 2009.

FINANCIAL RESULTS Year ended Year ended 31st March,2009 31st March, 2008 Rupees Rupees

Profit before Depreciation and Exceptional Items 45,30,935 1,15,30,862

Less: Depreciation 15,96,679 15,87,101

Add/(Less): Exceptional Items -- (77,309)

Profit(Loss) before Tax 29,34,256 98,66,452

Less: Provision for Taxation 3,30,554 10,40,563

Profit/(Loss) after tax 26,03,702 88,25,889

Less: Earlier year adjustment 40,619 1,64,258

Add: Balance of Profit brought forward from previous year (1,73,02,336) (2,59,63,967)

Balance carried to Balance Sheet (1,47,39,253) (1,73,02,336)

REVIEW OF OPERATIONS

During the year under review, the total income from operation is Rs 141 82 Lacs as against the Income of Rs. 137,04 Lacs of the previous year.

DIVIDEND:

In view of accumulated brought forward loss, the Board of directors does not recommend any dividend.

FINANCE

The Authorised Share Capital of the Company is Rs.550.00 Lacs and Paid-up Share Capital is Rs 470.60 Lacs.

PUBLIC DEPOSITS

The Company has so far not invited any deposits from the public.

DIRECTORS

The Board at present comprises of Mr. Kamal Kumar Chaudhary, Mr Ashish Chaudhary, Mr Sharad Kumar Gupta, Mr. Vimal Sharma and Mr. Rajesh Kumar Nagoh all are having vast business experience.

DIRECTORS RESPONSIBILITY STATEMENT:

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

(i) That in the preparation of the Annual Accounts, the applicable accounting standards have been followed;

(ii) That the Directors have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year ended 31st March, 2009 and of the profit or loss of the Company for that financial year.

(iii) That the Directors have taken proper and sufficient care 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 fraud and other irregularities.

(iv) The Directors had prepared the Annual Accounts on a going concern basis.

PARTICULARS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS ANDOUTGO

The particulars with respect to Conservation of Energy, Technology Absorption and Foreign Exchange Earning and Outgo pursuant to Companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988 and under section 217(1) (e)ofthe Companies Act, 1956 is set out hereunder.

(A) POWER AND FUELCONSUMPTION

Electricity at Factroy:

Purchase Unit (KWH) 60,685 Units

TotalAmount Rs. 3,93,992/-

Rate/Unit Rs. 6.49

(B)TECHNOLOGY ABSORPTION

No research and development work has been carried out by the company and therefore, there is no expenditure on this head, or any benefit accrued from it.

(C) FOREIGN EXCHANGE EARNING AND OUTGO

The foreign exchange earning during the year is Rs. NIL and outgo Rs. NIL

PERSONNEL,

None of the employees of the Companies are in receipt of remuneration in excess of the limits prescribed under Section 217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975.

CORPORATE GOVERNANCE.

A separate report on the compliance with Clause 49 of the Listing Agreement with the Stock Exchange on Corporate Governance and the Auditors Certificate on its compliance forms part of this Report.

DEMATERIALISATION OF SECURITIES

The Company Dematerialized of Security 33,75,700 Shares out of 47,06,000 Shares till 31st March, 2009 (71.73%) with CDSLbearing ISIN No: INE 373E01015.

AUDITORS

M/s. Jangid & Associates, Chartered Accountants retire as Auditors of the Company at the conclusion of the ensuing Annual General Meeting and, being eligible, have offered themselves for re-appointment.

EMPLOYEES RELATIONS

The relations between the employees and management continue to be good and cordial.

ACKNOWLEDGEMENTS

The Directors have pleasure to place on record their appreciation for the valuable co-operation and assistance by the Companys Bankers, Financial Institutions, Associates, Investors and Employees.

FOR AND ON BEHALF OF THE BOARD

Place: Mumbai

Date : July 30, 2009 KAMAL KUMAR CHAUDHARY

CHAIRMAN