Directors Report of Luxury Time Ltd.

Mar 31, 2024

Your Directors are pleased to present the 16th Annual Report together with the Audited
Financial statements for the year ended 31st March, 2024.

Financial Results

PARTICULARS	2023-2024 (Rs. in Lacs)	2022-2023 (Rs. in Lacs)
Sales and Other Income	4137	4494
Profit before Tax	268	231
Provision for Taxation	67	64
Profit after Tax	201	167

Operations and State of Company’s affairs

During the year under review your company did well. Your directors expect that the
company will achieve new heights in the ensuing year.

Industrial Relation

Industrial relation continues to be cordial. Your directors express deep appreciation for
the dedicated services rendered by workers, staff and officers of the company.

Annual Return

As per the provisions of the Companies (Amendment) Act, 2017, notified by the Ministry
of Corporate Affairs on 31st July, 2018 read with notification dated 20th August, 2020
amending the provisions of section 134(3)(a) and section 92(3) of the Companies Act,
2013 respectively, further read with the Companies (Management and Administration)
Amendment Rules, 2021 substituting the Rule 12(1) of the Companies (Management
and Administration) Amendment Rules, 2014, the requirement for preparing an extract
of annual return to be made part of Board’s Report has been omitted. Accordingly,
extract of annual return in form MGT-9 is not required to be annexed to Board''s Report.
Furthermore, Company does not have any functional website for publication of Annual
Return.

Meetings of the Board

4 meetings of the Board of Directors were held during the year. Details of the same are
as follows:

Date	Board Strength	No. of directors present
14/06/2023	3	3
19/08/2023	3	3
12/12/2023	3	3
19/03/2024	3	3

Directors'' Responsibility Statement

Pursuant to requirement under sub-section (3) and (5) of Section 134 of the Companies
Act, 2013, with respect to Directors’ Responsibility Statement, your directors state that:

i. In the preparation of the Annual Accounts, the applicable accounting standards
read with requirements set out under Schedule III to the Act, have been followed
and there are no material departures from the same;

ii. 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 as at 31st
March 2024 and of the profit/loss of the company for that period:

iii. The Directors have taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of the Act for
safeguarding the assets of the company and for preventing and detecting fraud and
other irregularities;

iv. The Directors have prepared the annual accounts on a ‘going concern’ basis.

v. The directors have devised proper systems to ensure compliance with the
provisions of all applicable laws and that such systems are adequate and operating
effectively.

Contracts and arrangements with related parties

All contracts/arrangements/transactions entered by the Company during the financial
year with related parties were in the ordinary course of business and on an arm’s length
basis.

Your directors draw attention of the members to Annexure No.2 to the financial
statement which sets out related party disclosures.

Directors and Key Managerial Personnel

There was no director who was appointed/ceased/reelected/reappointed during the year
under review.

Auditors

Statutory auditors

M/s Amit Subhash & Associates, Chartered Accountants, New Delhi were re-appointed
as Statutory auditors of the Company to hold office from 13^th Annual General Meeting to

till the conclusion of the 18^th Annual General Meeting to be held in the calendar year
2026 In terms of the provisions of the Companies (Amendment) Act, 2017, the term of
the auditors does not require ratification every year. In this regard, the Company has
received a certificate from the auditors of eligibility in accordance with Sections 139, 141
and other applicable provisions of the Companies Act, 2013 and Rules issued there
under.

The Notes to Accounts referred to in the Auditors’ Report are self-explanatory and
therefore do not call for any further comments. The Auditors’ report does not contain
any qualification, reservation or adverse remark.

Material changes and commitments affecting financial position between the end
of the financial year and date of report:-

There are no such changes during the year.

Details in respect of frauds reported by auditors under sub-section (12) of section
143 other than those which are reportable to the Central Government;

There were no such frauds reported by auditors

Details of significant and material orders passed by the regulators or courts or
tribunals

No significant and material orders were passed by the regulators or courts or tribunals
which affect the going concern status and future operation of the company.

Acknowledgement

Your Directors would like to express their sincere appreciation for the assistance and
co-operation received from the financial institutions, Government Authorities,
customers, vendors and members during the year under review. Your directors also
wish to place on record their deep sense of appreciation for the committed services by
the Company’s executives, staff and workers.

For and on behalf of the Board of Director

Place: -New Delhi ASHOK GOEL PAWAN CHOHAN

Date: - 05/09/2024 Director Director

DIN : 00783117 DIN :00070461