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A Oneindia Venture

Nifty 25,966.40 +0.58%

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Nifty 25,966.40 +0.58%

22k Gold ₹ 12,300 /gm

Sensex 84,929.36 +0.53%

Nifty 25,966.40 +0.58%

22k Gold ₹ 12,300 /gm

Directors Report of Autoriders International Ltd.

Mar 31, 2025

The Board of Directors are pleased to present the Fortieth Annual Report on the
business and operations of your Company along with the Audited financial statements
for the financial year ended 31^st March, 2025. The Statement of Accounts, Auditors''
Report, Board''s Report and attachment thereto have been prepared in accordance with
the provisions contained in Section 134 of Companies Act, 2013 and Rule 8 of the
Companies (Accounts] Rules, 2014.

During the Financial Year 2024-25, your Company achieved revenue of ^8,707.31 lakhs
and profit of ^838.70 lakhs, as against revenue of ^8,340.81 lakhs and profit of ^944.18
lakhs in the previous year. This represents a growth of 4.39% in revenue, while profit
margins witnessed a decline.

As part of fastest growing Service sector of Travel and Tourism industry in India, car
rental business has seen robust growth over the years and is expected to continue with
growth trajectory in the coming years. Our company is planning to put in place several
initiative to scale-up our market share by investing into fleet acquisition, technology
absorption in terms of reservations and fleet management and expansion into other
business verticals. Our company also introduced Electric Vehicles in its fleet and
planning to add more units to conform to the recent trends.

1. FINANCIAL RESULTS

The Company''s financial performance for the year ended March 31, 2025 is
summarized below:

Particulars	For the year ended 31.03.2025 (Rs. in Lacs)	For the year ended 31.03.2024 (Rs. in Lacs)
Total Revenue	8766.76	8382.69
Total Expenses	6228.46	5972.21
Operating Profit	2538.30	2410.49
Finance Cost	286.34	282.22
Depreciation & Amortization Expenses	1123.77	1019.30
Profit before Tax	1128.19	1108.97
Tax Expenses:
Current Tax	(247.00)	(255.00)
Deferred Tax	(42.50)	90.21
T ax Adjustments	--	--
Profit for the year	838.69	944.17
Earnings Per Share	144.57	192.63

2. RESERVES

During the year under review, your Company has not transferred any amount to the
General Reserves.

3. PERFORMANCE AND AFFAIRS OF THE COMPANY

During the year under review, the Company recorded revenue of Rs. 8707.31 lacs as
against last year revenue of Rs.8340.81 lacs. The profit before tax stood at Rs. 1128.19
lacs against profit before tax of Rs.1108.97 lacs previous year.

4. SHARE CAPITAL

During the year under review, the Company issued and Allotted 90,000 equity shares
of ^10 each at a premium of ^890.10 per share, by way of preferential allotment
through private placement. Consequently, the paid-up share capital of the Company is
increased and stood at ^58,01,400 as on 31st March, 2025

Newly allotted Equity Shares will rank pari passu with the Existing Equity shares of the
Company.

5. DIVIDEND

The Board of Directors of your company is pleased to recommend a dividend of INR. 1
per equity share of the face value of INR. 10 each (@10%), payable to those
Shareholders whose names appear in the Register of Members as on the Book Closure /
Record Date.

6. CURRENT STATUS

The financial position of the Company in the financial year 2024-25 is satisfactory. The
Company expects to achieve better performance during the F.Y. 2025-26.

7. CHANGES IN NATURE OF BUSINESS AND REVISION IN THE BOARD''S REPORT

There is no change in the nature of business of the Company during the year and there
is no revision in Board''s Report and whatever submitted herewith is the final report.

8. REPORT DETAILS OF SUBSIDIARY/ JOINT VENTURES/ASSOCIATE COMPANIES
AND STATEMENT CONTAINING SALIENT FEATURES OF FINANCIAL STATEMENTS
OF ASSOCIATE COMPANY

Company is not having any subsidiary, joint venture, associate Company and hence the
statement containing the salient feature of the financial statement of a company''s
subsidiary, joint venture, associate company under the first proviso to subsection (3) of
section 129 in the prescribed Form AOC-1 is not applicable.

9. DETAILS OF THE COMPANY WHO CEASED TO BE ITS SUBSIDIARY/ JOINT
VENTURES/ASSOCIATE COMPANIES

Sr.	Name of Company	Subsidiary /Joint	Date of cessation
No.		ventures/Associate	of Subsidiary /
		Company	Joint ventures/
			Associate
			Company.
N		LA.

10. DETAILS OF NEW SUBSIDIARY/ JOINT VENTURES/ASSOCIATE COMPANIES

There are no new Subsidiary/Joint Ventures/Associate Companies of the Company
during the year under review.

11. REPORT ON PERFORMANCE OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE
COMPANIES

During the year under review, your Company did not have any subsidiary, associate and
joint venture Company.

12. CORPORATE GOVERNANCE

Corporate Governance deals with ethical conduct, integrity and accountability.
Corporate Governance essentially involves balancing the interest of all the stakeholders
of the Company.

Pursuant to the Regulation 15 of SEBI (Listing Obligations &Disclosure Requirements]
Regulations, 2015, the Compliancerelated to the Corporate Governance is applicable to
the company .The Corporate Governance report is attached as ANNEXURE G. Certificate
from the Auditors of the Company, Mrs. Shilpa Shah, practicing Company Secretaries,
confirmingcompliance with the conditions of Corporate Governance asstipulated under
Chapter IV of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements]Regulations, 2015 is presented in a separate section
formingpart of the Annual Report.

13. PUBLIC DEPOSITS

Your Company has not accepted any deposits within the meaning of Section 73 and 76
of the Companies Act, 2013 and the Companies (Acceptance of Deposits] Rules, 2014.

14. DIRECTORS AND KEY MANAGERIAL PERSONNEL

(i) Directors

Your Board currently comprises of 6 Directors including 4 Non Executive Directors
and 2 Executive Director.

Mr. Pranav Kapur (DIN NO:07813604) Non- Executive Non Independent Director will
retire by rotation and being eligible and not being disqualified under section 164 of
the Companies Act, 2013, offers herself for re-appointment.

(ii) Key Managerial Personnel

Following are Key Managerial Personnel of the Company during the financial year
2024-25:

Sr. No.	Name	Designation
1.	Mr. Chintan A. Patel	Chaiperson, Managing Director & CEO
2.	Mr. Ramachandran C.G	Chief Financial Officer
3.	Ms. Sudha Didwania	Company Secretary & Compliance Officer

Note: Ms. Sudha Didwaniya was appointed in the place of Mrs. Agrima Shah as a
Company Secretary cum Compliance officer on 11^th November,2024 and Mrs. Agrima
Shah was resigned from the post of Company Secretary Cum Compliance officer on 13 ^thAugust,2024

(iii) Statement on Declaration by an Independent Director(s)

The Company has complied with the provisions of section 149(6] of the Companies
Act, 2013. The Company has also obtained declarations from all the Independent
Directors pursuant to section 149(7] of the Companies Act, 2013.

(iv) Annual Evaluation of Board

Pursuant to provision of the Companies Act, 2013 and Statement on Annual
Evaluation of the Company, the Board has carried out the annual performance
evaluation of its own performance and other Directors. A structured questionnaire
was prepared after taking into consideration inputs received from the Directors,
covering various aspects of the Board''s functioning such as adequacy of the
composition of the Board and its Committees, Board culture, execution and
performance of specific duties, obligations and governance. A separate exercise was
carried out to evaluate the performance of individual Directors including the
Chairman of the Board, who were evaluated on parameters such as level of
engagement and contribution, independence of judgment, promotion of participation
by all directors and developing consensus amongst the directors for all decisions.

15. NUMBER OF BOARD MEETINGS

During the Financial year, total 7 (Seven] meetings of the Board of Directors were held
on following dates:

Sr. No.	Date	Mr.Chintan Patel	Mrs.Maneka Mulchanda ni	Mr.Vi nay Rane	Mr.Pranav Kapur	Mr.AnilK ulkarni	Mr. Pankil Amin	Mr. Janak Patel
1	30.05.2024	Yes	Yes	Yes	Yes	Yes	Yes	NA
2	13.08.2024	Yes	Yes	NA	Yes	Yes	Yes	Yes
3	11.10.2024	Yes	Yes	NA	Yes	Yes	Yes	Yes
4	12.11.2024	Yes	Yes	NA	Yes	Yes	Yes	Yes
5	04.12.2024	No	Yes	NA	Yes	Yes	Yes	Yes
6	11.02.2025	Yes	Yes	NA	Yes	Yes	No	Yes
7	03.03.2025	Yes	Yes	NA	Yes	Yes	No	Yes

16. DIRECTOR''S RESPONSIBILITY STATEMENT

To the best of their knowledge and belief and according to the information and
explanations obtained by your Directors they make the following statements in terms of
Section 134(3)(c)of the Companies Act, 2013 and hereby confirm that:-

a. in the preparation of the annual accounts, the applicable accounting standards have
been followed along with proper explanation relating to material departures;

b. the Directors have selected such accounting policies and applied consistently and
made judgments and estimates that are reasonable and prudent so as to give a true
and fair view of the state of affairs of the Company as at 31^st March, 2025 and of the
loss of the Company for the year ended on that date;

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

d. the Directors 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 and the Company conduct internal Financial Control during the year.

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

17. NOMINATION AND REMUNERATION COMMITTEE

The Board has in accordance with the provisions of sub-section (3) of Section 178 of the
Companies Act, 2013, formulated the policy setting out the criteria for determining
qualifications, positive attributes, independence of a Director and policy relating to
remuneration for Directors, Key Managerial Personnel and other employees. The said
policy is available on www.autoriders.com website of the Company.

(a) Brief description of Terms of Reference:

Apart from determining the Company''s Policy on specific remuneration packages for
Executive Directors including pension rights and any compensation payment and to fix
the remuneration payable to executive directors, the terms of reference is as per the
provisions of section 178 of the Companies Act, 2013 and rules framed there under.

(b) Composition, Name of Members and Chairman as on 31.03.2025:

Nomination and Remuneration Committee comprises of:

1. Mr. Anil Kulkarni - Independent Director (Chairman of the Committee)

2. Mr. Janak Patel - Independent Director (Member)

3. Mr. Pranav Salil Kapur- Non-executive director (Member)

(c) Composition, Name of Members and Chairman:

The Nomination and Remuneration Committee met five (5) time during the year. The
details of the same are as follows:

Sr. No.	Date	Mr.Vinay Yeshwant Rane	Mr. Anil Shankar Kulkarni	Mr. Janak Patel	Mr. Pranav Salil Kapur
1.	30.05.2024	Yes	Yes	NA	Yes
2.	13.08.2024	NA	Yes	Yes	Yes
3.	12.11.2024	NA	Yes	Yes	Yes
4.	04.12.2024	NA	Yes	Yes	Yes
5.	11.02.2025	NA	Yes	Yes	Yes

Due to the Demise of the Mr. Vinay Rane, Mr. Janak Patel was appointed as a
Member of the Committee to fill the Vacancy and Mr. Anil Kulkarni became the
Chairman of the Committee.

(d) Remuneration Policy:

The Nomination and Remuneration Policy for Working Directors is reviewed
periodically to ensure that the same is in line with the peer companies. The payment of
remuneration is duly approved by the Remuneration Committee, the Board of
Directors and the Shareholders.

18. AUDIT COMMITTEE

The Audit Committee of Directors was constituted pursuant to the provisions of Section
177 of the Companies Act, 2013. The details of the Committee and its terms of reference
are as follows:

a) Brief description of terms of reference:

The terms of reference of the Audit Committee are pursuant to section 177 of the
Companies Act, 2013. In addition, the Audit Committee reviews the Accounting
Policies, interacts with the Statutory Auditor and Internal Auditor and discusses the
Audit program with them. The committee acts as a link between the Management,
Auditors and Board of Directors of the Company and has full access to financial
information.

Recommendations of the Audit Committee, if any, are considered and implemented by
the Board from time to time

b) Composition, Name of Members and Chairman as on 31.03.2025:

Audit Committee comprises of:

1. Mr. Anil Kulkarni - Independent Director (Chairman of the Committee]

2. Mr. Janak Patel- Independent Director (Member]

3. Mr. Pranav Salil Kapur- Non executive director (Member]

c) Meetings and Attendance during the year:

The Audit Committee met Six (6] times during the year. The details of the same are as
follows:

Sr. No.	Date	Mr. Vinay Yeshwant Rane	Mr. Anil Kulkarni	Mr. Janak Patel	Mr Pranav Salil Kapur
1.	30.05.2024	Yes	Yes	NA	Yes
2.	13.08.2024	NA	Yes	Yes	Yes
3.	11.10.2024	NA	Yes	Yes	Yes
4.	12.11.2024	NA	Yes	Yes	Yes
5.	04.12.2024	NA	Yes	Yes	Yes
6.	11.02.2025	NA	Yes	Yes	Yes

Due to the Demise of the Mr. Vmay Rane Mr. Janak patel appointed as a Member of
the Committee to fill the Vacancy and Mr. Anil Kulkarni became the Chairman of
the Committee.

The minutes of the audit committee meetings were noted at the subsequent Board
meetings.

The Company Secretary is the secretary to the committee.

19. STAKEHOLDERS RELATIONSHIP COMMITTEE

The Stakeholders Relationship Committee was constituted pursuant to the provisions of
Section 178 of the Companies Act, 2013.

a) Composition, Name of Members and Chairman as on 31.03.2025:

Stakeholders Relationship Committee comprises of:

1. Mr. Anil Kulkarni - Independent Director (Chairman of the Committee]

2. Mr. Janak Patel- Independent Director (Member]

3. Mrs. Maneka Vijay Mulchandani - Director (Member]

b) Meetings and Attendance during the year:

The Stakeholders Relationship Committee met Once (1] time during the year. The
details of the same are as follows:

Sr.

No.

Date

Mr. Vinay
Rane

Mr. Anil
Kulkarni

Mrs. Maneka
Mulchandani

Mr. Janak Patel

30.05.2024

YES

The minutes of the Stakeholders Relationship committee meetings were noted at the
board meetings.

The Company Secretary is the secretary to the committee.

20. VIGIL MECHANISM POLICY FOR THE DIRECTORS AND EMPLOYEES:

The Company promotes ethical behavior in all its business activities and has put in
place a mechanism for reporting illegal and unethical behavior.

The Board of Directors of the Company have, pursuant to the provisions of Section
177(9] of the Companies Act, 2013 read with Rule 7 of the Companies (Meetings of
Board and its Powers] Rules, 2014, framed âVigil Mechanism Policyâ for Directors and
employees of the Company to provide a mechanism which ensures adequate safeguards
to employees and Directors from any victimization on raising of concerns of any
violations of legal or regulatory requirements, incorrect or misrepresentation of any,
financial statements and reports, etc.

The employees of the Company have the right/option to report their concern/grievance
to the Chairman of the Audit Committee. The Company is committed to adhere to the
highest standards of ethical, moral and legal conduct of business operations.

During the Financial year 2024-25, no complaint of Harassment had been received from
any of the employee of the Company.

21. INSURANCE AND RISK MANAGEMENT POLICY:

The Company has obtained adequate insurance on all of its fixed and other assets. In
accordance with the risk management policy of the Company, the Board of Director of
the Company identifies the potential risks against the business of the Company time to
time and take proper safeguards to mitigate / minimize the risks. Key business risks
and their mitigation are considered in the annual/strategic business plans and in
periodic management reviews. The risk management policy is available on
www.autoriders.com website of the Company.

22. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN
EXCHANGE EARNINGS AND OUTGO:

The information as per Section 134(3] (m) of the Companies Act, 2013 read with the
Companies (Account] Rules, 2014 with respect to conservation of energy, technology
absorption & foreign exchange earnings and outgo is as follows:

A. CONSERVATION OF ENERGY:

(i) The steps taken or impact on conservation of energy:

organization. The Company carries out regular maintenance and development work of
electricity equipment to save the energy. The Company is also using the energy efficient
products to reduce wastage of scarce energy.

(ii) The steps taken by the Company for utilizing alternate sources of energy:

The Company is using the electricity as main source of its energy requirement. The
Company is not having/exploring any alternate source of energy.

(iii) The capital investment on energy conservation equipments:

For the year under review, there was no investment in energy conservation equipment.

B. TECHNOLOGY ABSORPTION:

i) The efforts made towards technology absorption: No efforts were taken.

ii) The benefits derived like product improvement, cost reduction, product
development or import substitution:

The Company has not absorbed/made any new technology during the year.

iii) In case of imported technology (imported during the last three years
reckoned from the beginning of the financial year)

No technology was imported during the three years preceding to the year under report.

iv) Expenditure incurred on Research and Development: Nil.

C. FOREIGN EXCHANGE EARNINGS AND OUTGO:

Foreign Exchange Earnings during the year: Rs.NIL/-(C. Y.)

Rs. NIL/- (P.Y.)

Foreign Exchange Outgo during the year: Rs. NIL/- (C.Y.)

Rs. NIL/- (P.Y)

23. INTERNAL CONTROL SYSTEMS

Adequate internal control systems commensurate with the nature of the Company''s
business, size and complexity of its operations are in place. It has been operating
satisfactorily. Internal control systems comprising of policies and procedures are
designed to ensure reliability of financial reporting, timely feedback on achievement of
operational and strategic goals, compliance with policies, procedure, applicable laws
and regulations and that all assets and resources are acquired economically, used
efficiently and adequately protected.

24. EXTRACT OF ANNUAL RETURN

Extract of the Annual Return in form MGT-9 for the financial year ended 31^st March,
2025 made under the provisions of Section 92(3) of the Act is annexed as ANNEXURE-
A which forms part of this Report. You may also find extract of the Annual Return in
form MGT-9 on the Company''s website i.e. www.autoriders.com.

25. CORPORATE SOCIAL RESPONSIBILITY

Pursuant to the provision of section 135 of the Companies Act, 2013, provision related
to spending amount towards CSR activity is applicable to the Company during the
financial year ended 31^st March,2025. However, The Company has been carrying out
various Corporate Social Responsibility (CSR] activities in the areas of education. These
activities are carried out in terms of Section 135 readwith Schedule VII of the
Companies Act, 2013 and Companies(Corporate Social Responsibility Policy] Rules,
2014.

The Annual Report on CSR Activities undertaken by the Company is annexed herewith
as ANNEXURE- F. The CSR Policy is available on Company''s website
http://www.autoridersrentacar.com/investors.html

26. AUDITORS

(i) STATUTORY AUDITOR
Statutory Auditors (Existing Auditor)

As per the provisions of Section 139, 141 of the Companies Act, 2013 and rules made
thereunder (hereinafter referred to as âThe Actâ], the Company at its 39th Annual General
Meeting(''AGMâ) held on 10th September,2024 approved the appointment of M/s. Vandana
V Dodhia& Co., Chartered Accountant (FRN No. 117812W] as Statutory Auditor for a
period of 1 years commencing from the conclusion of 39th AGM till the conclusion of the
40th AGM to be held in the year.

Statutory Auditors (Appointment)

As required under the provisions of section 139(1] of the Companies Act, 2013, the
company has received a written consent from M/s Vandana V Dodhia & Co., Chartered
Accountant (FRN No. 117812W] to their re-appointment and a certificate, to the effect that
their re-appointment, if made, would be in accordance with the new Act and the Rules
framed there under and that they satisfy the criteria provided in Section 141 of the
Companies Act, 2013.

Auditors of the Company of M/s. Vandana V Dodhia & Co., Chartered Accountant (FRN No.
:117812W)hold office until the conclusion of the 40^thAnnual General Meeting and being
eligible offer themselves for re-appointment until the conclusion of 43^rd Annual General
Meeting of the company.

AUDIT REPORT

The Statutory Auditors have not made any qualification in their Report dated 30^thMay,2025 for the financial year ended 31^st March 2025, However, they have observations
on some matters in their report to the Board of Directors of the Company which are
annexed as ANNEXURE-C

(ii) SECRETARIAL AUDITOR

The Board has appointed Mrs. Shilpa Shah, Company Secretaries in Practice to undertake
the Secretarial Audit of the Company for the financial year 2024-25. The Report of the
Secretarial Audit Report is annexed herewith as ANNEXURE- B.

AUDIT REPORT

The Secretarial Auditors have not made any qualification in their Report dated 13^thAugust,2025 for the financial year ended 31^st March 2025, However, they have
observations on some matters in their report to the Board of Directors of the Company
which are annexed as ANNEXURE-C

(iii) COST AUDITOR

The Company is not required to appoint Cost Auditor as it is not required to submit cost
audit report pursuant to the provision of the Companies (Cost Records and Audit] Rules,
2014.

27. GREEN INITIATIVES

Pursuant to Sections 101 and 136 of the Companies Act, 2013 The Company will be
sending Annual Report through electronic mode i.e. email to all the shareholders who
have registered their email addresses with the Company.

28. SECRETARIAL STANDARDS

It is hereby confirmed that the Company has complied with the provisions of all
applicable Secretarial Standards issued by the Institute of Company Secretaries of India
(ICSI).

29. HUMAN RESOURCES

Employees are considered to be team members being one of the most critical resources
in the business which maximize the effectiveness of the Organization. Human resources
build the Enterprise and the sense of belonging would inculcate the spirit of dedication
and loyalty amongst them towards strengthening the Company''s Polices and Systems.
The Company maintains healthy, cordial and harmonious relations with all personnel
and thereby enhancing the contributory value of the Human Resources.

30. ENVIRONMENT AND SAFETY

The Company is conscious of the importance of environmentally clean and safe
operations. The Company''s policy requires conduct of operations in such a manner, so
as to ensure safety of all concerned, compliances environmental regulations and
preservation of natural resources. There was no accident during the year.

31. A STATEMENT REGARDING OPINION OF THE BOARD WITH REGARD TO
INTEGRITY, EXPERTISE AND EXPERIENCE (INCLUDING THE PROFICIENCY) OF THE
INDEPENDENT DIRECTORS APPOINTED DURING THE YEAR

The Company is having Mr. Anil Kulkarni, and Mr.Pankil Balendrabhai Amin and Mr.
Janak Patel on Board as an Independent Directors. All the Independent Directors are
having expertise in the field of Vehicle acquisition, prompt registration of vehicle
acquired, advising over various insurance cover of vehicles as well as for passengers
and other related things associated with the Business. Independent Directors
contributes towards obtaining various business opportunities, combating the Risks
arising in achieving business objective of the company and to lessen the losses in every
possible way.

32. MATERIAL CHANGES AND COMMITMENTS, IF ANY AFFECTING THE FINANCIAL
POSITION OF THE COMPANY WHICH HAVE OCCURRED BETWEEN THE FINANCIAL
YEAR END OF THE COMPANY TO WHICH FINANCIAL RESULTS RELATED

Except as disclosed elsewhere in this report, no material changes and commitments
which could affect the Company''s financial position have occurred between the end of
the financial year of the Company and date of this report.

33. ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE
FINANCIAL STATEMENTS

The Company has in place adequate internal financial controls with reference to
financial statements. During the financial year, such controls were tested and no
reportable material weakness in the design or operation was observed.

34. PARTICULARS OF LOANS, GUARANTEES, INVESTMENTS AND SECURITIES UNDER
SECTION 186 OF THE COMPANIES ACT OF 2013

The Company has not granted any loans, not given any guarantees and not made any
investment during the financial year 2024-25.

35. PARTICULAR OF CONTRACTS OR ARRANGEMENT WITH RELATED PARTIES

During the year under review the company had entered into transactions with the
Directors, Relatives of KMP and with the entity in which the Directors are common.
Details of the said transactions are disclosed in Note No. 35 i.e. Related Party
Disclosures in notes to accounts.

Pursuant to provision of section 188 of the Companies Act, 2013 and the rules made
thereunder all the transactions entered into by the Company during the Financial year
2024-25 with the related parties are entered in ordinary course of business and are at
arm''s length basis and not material in nature. Hence, the disclosure under Form No.
AOC-2 is not applicable to the Company.

36. DISCLOSURE UNDER SECTION 197(12) OF THE COMPANIES ACT, 2013 AND
OTHER DISCLOSURES AS PER RULE 5 OF COMPANIES (APPOINTMENT &
REMUNERATION) RULES, 2014

There were no employees of the Company drawing remuneration of Rs. 1.02 crore per
annum or more or Rs.8.5 lacs per month or more during the year under review. The
details pursuant to Rule 5(2] of The Companies (Appointment and Remuneration of
Managerial Personnel] Rules, 2014 are annexed herewith as ANNEXURE-D.

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

The Company has adopted a policy for prevention of sexual harassment at the
workplace, in line with the requirements of the Sexual Harassment of Women at
Workplace (Prevention, Prohibition and Redressal) Act, 2013 (âPOSH Actâ]. An Internal
Complaints Committee (âICCâ) has been duly constituted as per the provisions of the
POSH Act to redress complaints regarding sexual harassment at the workplace.

During the financial year under review, the Company has complied with all the
provisions of the POSH Act and the rules framed thereunder. Further details are as
follows:

Sr. No.	Particulars	Remarks
a	Number of complaints of Sexual Harassment received in the Year	NIL
b	Number of Complaints disposed off during the year	NIL
c	Number of cases pending for more than ninety days	NIL

38. PROCEEDINGS PENDING UNDER THE INSOLVENCY AND BANKRUPTCY
CODE,2016:

The Company has not made any one-time settlement for loans taken from the Banks or
Financial Institutions, and hence the details of difference between amount of the valuation
done at the time of one-time settlement and the valuation done while taking loan from the
Banks or Financial Institutions along with the reasons thereof is not applicable.

39. MATERNITY BENEFIT:

The Company affirms that it has duly complied with all provisions of the Maternity Benefit
Act, 1961, and has extended all statutory benefits to eligible women employees during the
year.

40. GENERAL DISCLOSURES

Your Director''s state that no disclosure or reporting is required in respect of the
following items as there were no transactions on these items during the year under
review:

1. The Company has not issued any shares with differential rights and hence no
information as per provisions of Section 43(a)(ii) of the Act read with Rule 4(4] of the
Companies (Share Capital and Debenture] Rules, 2014 is furnished.

2. The Company has not issued any sweat equity shares during the year under review
and hence no information as per provisions of Section 54(1) (d) of the Act read with
Rule 8(13) of the Companies (Share Capital and Debenture) Rules, 2014 is furnished.

3. The Company has not issued any equity shares under Employees Stock Option
Scheme during the year under review and hence no information as per provisions of
Section 62(1)(b) of the Act read with Rule 12(9) of the Companies (Share Capital and
Debenture) Rules, 2014 is furnished.

4. During the year under review, there were no instances of non-exercising of voting
rights in respect of shares purchased directly by employees under a scheme pursuant
to Section 67(3) of the Act read with Rule 16(4) of Companies (Share Capital and
Debentures) Rules, 2014 is furnished.

5. No orders have been passed by any Regulator or Court or Tribunal which can have an
impact on the going concern status and the Company''s operations in future.

6. No frauds were reported by auditors under sub-section (12) of section 143.

7. The Company has not made any application nor any proceedings of the Company are
pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the
year.

8. The details of difference between amount of the valuation done at the time of one
time settlement and the valuation done while taking loan from the Banks or Financial
Institutions along with the reasons thereof- Not Applicable during the Financial Year.

41. ACKNOWLEDGEMENT

Your Director''s wish to thank Bankers, Government authorities and various
stakeholders, such as, shareholders, customers and suppliers, among others for their
support and valuable guidance to the Company. Your Director''s also wish to place on
record their appreciation for the committed services of all the Employees of the
Company

By order of the Board,
ForAUTORIDERS INTERNATIONAL LIMITED,

Maneka Mulchandani Chintan Patel

Director Managing director & CEO

DIN:- 00491027 D I N: - 00482 043

Place : Mumbai
Dated :13^th August, 2025

Mar 31, 2024

The Board of Directors are pleased to present the Thirty Ninth Annual Report on the
business and operations of your Company along with the Audited financial statements
for the financial year ended 31^st March, 2024. The Statement of Accounts, Auditors''
Report, Board''s Report and attachment thereto have been prepared in accordance with
the provisions contained in Section 134 of Companies Act, 2013 and Rule 8 of the
Companies (Accounts] Rules, 2014.

During the Financial Year 2023-24, the company registered revenue of Rs.8340.81 lacs
and profit of Rs.944.18 Lakhs as against revenue of Rs.7055.71 lakhs and profit of
Rs.675.65 lakhs during 2022-23 registering a growth of 18.21% in revenue and 1.75%
in margin. Along the Travel and Tourism industry, Car rental business is poised for
substantial growth in the coming years. From the perspective of sustainable growth, our
company is focused on investing in upgrading fleet, technology upgrade in terms of
software, online booking and digital payment, vehicle tracking and GPS navigation and
many more technology innovations enhancing efficiency and convenience in services.
Also with the introduction of Electric Vehicles which would help the company in
reducing fuel and maintenance cost as well to be part of the changing trends in industry.
Your company is open to introduce various business strategies, exploring new business
models and partnerships for expanding the market reach and presence. With all these
measures, company expects to expand the growth trajectory positively in the time to
come

1. FINANCIAL RESULTS

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

Particulars	For the year ended 31.03.2024 (Rs. in Lacs)	For the year ended 31.03.2023 (Rs. in Lacs)
Total Revenue	8382.69	7090.45
Total Expenses	5972.21	5103.18
Operating Profit	2410.49	1987.27
Finance Cost	282.22	215.68
Depreciation & Amortization Expenses	1019.30	720.58
Profit before T ax	1108.97	1051.01
Tax Expenses:
Current Tax	(255.00)	(220.00)
Deferred Tax	90.21	(144.22)
T ax Adjustments	--	(11.14)
Profit for the year	944.17	675.65
Earnings Per Share	191.43	136.68

2. RESERVES

During the year under review, your Company has not transferred any amount to the
General Reserves.

3. PERFORMANCE AND AFFAIRS OF THE COMPANY

During the year under review, the Company recorded revenue of Rs. 8340.81 lacs as
against last year revenue of Rs.7055.72 lacs. The profit before tax stood at Rs. 1108.97
lacs against profit before tax of Rs.1051.01 lacs previous year.

4. SHARE CAPITAL

During the year under review, there was no change in the share capital structure of the
Company. The paid-up capital as on 31^st March 2024 was Rs. 49,01,400.

5. DIVIDEND

During the year under review, the company declared and paid interim dividend of Rs

0.50 per share to the shareholders of the company and resulted in cash outflow of
Rs.2.45 Lakhs.

6. CURRENT STATUS

The financial position of the Company in the financial year 2023-24 is satisfactory. The
Company expects to achieve better performance during the F.Y. 2024-25.

7. CHANGES IN NATURE OF BUSINESS AND REVISION IN THE BOARD''S REPORT

There is no change in the nature of business of the Company during the year and there
is no revision in Board''s Report and whatever submitted herewith is the final report.

8. REPORT DETAILS OF SUBSIDIARY/ JOINT VENTURES/ASSOCIATE COMPANIES
AND STATEMENT CONTAINING SALIENT FEATURES OF FINANCIAL STATEMENTS
OF ASSOCIATE COMPANY

9. DETAILS OF THE COMPANY WHO CEASED TO BE ITS SUBSIDIARY/ JOINT
VENTURES/ASSOCIATE COMPANIES

Sr.

No.

Name of Company

Subsidiary /Joint
ventures/Associate
Company

Date of cessation
of Subsidiary /
Joint ventures/
Associate
Company.

N.A.

10. DETAILS OF NEW SUBSIDIARY/ JOINT VENTURES/ASSOCIATE COMPANIES

There are no new Subsidiary/Joint Ventures/Associate Companies of the Company
during the year under review.

11. REPORT ON PERFORMANCE OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE
COMPANIES

During the year under review, your Company did not have any subsidiary, associate and
joint venture Company.

12. CORPORATE GOVERNANCE

Corporate Governance deals with ethical conduct, integrity and accountability. Corporate
Governance essentially involves balancing the interest of all the stakeholders of the
Company.

Pursuant to the Regulation 15 of SEBI (Listing Obligations & Disclosure Requirements]
Regulations, 2015, the Compliance related to the Corporate Governance is applicable to the
company from the mid of the year. The Corporate Governance report is attached as
ANNEXURE G. Certificate from the Auditors of the Company, M/s. Naveen Karn, practicing
Company Secretaries, confirming compliance with the conditions of Corporate Governance
as stipulated under Chapter IV of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements] Regulations, 2015 is presented in a separate
section forming part of the Annual Report.

13. PUBLIC DEPOSITS

Your Company has not accepted any deposits within the meaning of Section 73 and 76 of
the Companies Act, 2013 and the Companies (Acceptance of Deposits] Rules, 2014.

14. DIRECTORS AND KEY MANAGERIAL PERSONNEL

(i) Directors

Your Board currently comprises of 5 Directors including 3 Non Executive Directors
and 2 Executive Director.

During the year company has appointed Mr. Prankil Amil as an Non-Executive
Independent Director of the Company on Board meeting held on 14.8.2023.

Mrs. Maneka V Mulchandani, (DIN NO: 00491027] Director will retire by rotation and
being eligible and not being disqualified under section 164 of the Companies Act, 2013,
offers herself for re-appointment.

(ii) Key Managerial Personnel

Following are Key Managerial Personnel of the Company during the financial year 2023Â¬
24:

Sr. No.	Name	Designation
1.	Mr. Chintan a. Patel	Chaiperson, Managing Director & CEO
2.	Mr. Ramachandran C.G	Chief Financial Officer
3.	Ms. Agrima Shah	Company Secretary & Compliance Officer

Note: Mrs. Agrima Shah was appointed on the place of Ms. Sweety Dhumal as a
Company Secretary cum Compliance officer on 7th March, 2024 and Ms. Sweety Dhumal was
resigned from the post of Company Secretary Cum Compliance officer on 28th December,
2023.

(iii) Statement on Declaration by an Independent Director(s)

(iv) Annual Evaluation of Board

Pursuant to provision of the Companies Act, 2013 and Statement on Annual Evaluation
of the Company, the Board has carried out the annual performance evaluation of its
own performance and other Directors. A structured questionnaire was prepared after
taking into consideration inputs received from the Directors, covering various aspects
of the Board''s functioning such as adequacy of the composition of the Board and its
Committees, Board culture, execution and performance of specific duties, obligations
and governance. A separate exercise was carried out to evaluate the performance of
individual Directors including the Chairman of the Board, who were evaluated on
parameters such as level of engagement and contribution, independence of judgment,
promotion of participation by all directors and developing consensus amongst the
directors for all decisions.

15. NUMBER OF BOARD MEETINGS

During the Financial year, total 8 (Eight] meetings of the Board of Directors were held

on following dates:

Sr. No.	Date	Mr. Chintan Patel	Mrs. Maneka Mulchan dani	Mr. Vina ^y Rane	Mr. Pranav Kapur	Mr. Anil Kulkarni	Mr. Pankil Amin
1	25.05.2023	Yes	Yes	Yes	Yes	Yes	NA
2	14.08.2023	Yes	Yes	Yes	No	Yes	Yes
3	04.09.2023	Yes	Yes	Yes	Yes	Yes	Yes
4	17.10.2023	Yes	Yes	Yes	Yes	Yes	Yes
5	14.11.2023	No	Yes	Yes	Yes	Yes	Yes
6	14.02.2024	Yes	Yes	Yes	Yes	Yes	No
7	01.03.2024	Yes	Yes	Yes	Yes	Yes	No
8	07.03.2024	Yes	Yes	Yes	Yes	Yes	No

16. DIRECTOR''S RESPONSIBILITY STATEMENT

a. in the preparation of the annual accounts, the applicable accounting standards have
been followed along with proper explanation relating to material departures;

b. the Directors have selected such accounting policies and applied consistently and
made judgments and estimates that are reasonable and prudent so as to give a true
and fair view of the state of affairs of the Company as at 31^st March, 2024 and of the
loss of the Company for the year ended on that date;

d. 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
and the Company conduct internal Financial Control during the year.

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

17. NOMINATION AND REMUNERATION COMMITTEE

(a) Brief description of Terms of Reference:

(b) Composition, Name of Members and Chairman as on 31.03.2024:

Nomination and Remuneration Committee comprises of:

1. Mr. Vinay Rane- Independent Director (Chairman of the Committee)

2. Mr. Anil Kulkarni- Independent Director

3. Mr. Pranav Salil Kapur- Non-executive director

(c) Composition, Name of Members and Chairman:

The Nomination and Remuneration Committee met four (4) time during the year. The
details of the same are as follows:

Sr. No.	Date	Mr. Vinay Yeshwant Rane	Mr. Anil Shankar Kulkarni	Mr. Chintan Amrish Patel	Mr. Pranav Salil Kapur
1.	25.05.2023	Yes	Yes	No	NA
2.	14.11.2023	Yes	Yes	Yes	NA
3.	17.10.2023	Yes	Yes	Yes	NA
4.	07.03.2024	Yes	Yes	NA	Yes

On 14.11.2023 the committee was reconstituted and Mr. Pranav Salil Kapur was
appointed as a member of the committee and Mr Chintan Amrish Patel resigned from the
committee as member

(d) Remuneration Policy:

18. AUDIT COMMITTEE

The Audit Committee of Directors was constituted pursuant to the provisions of Section
177 of the Companies Act, 2013. The details of the Committee and its terms of reference
are as follows:

a) Brief description of terms of reference:

Recommendations of the Audit Committee, if any, are considered and implemented by
the Board from time to time

b) Composition, Name of Members and Chairman as on 31.03.2024:

Audit Committee comprises of:

1. Mr. Vinay Rane- Independent Director (Chairman of the Committee]

2. Mr. Anil Kulkarni- Independent Director

3. Mr. Pranav Salil Kapur- Non executive director

c) Meetings and Attendance during the year:

The Audit Committee met Five (5] times during the year. The details of the same are as
follows:

Sr. No.	Date	Mr. Vinay Yeshwant Rane	Mr. Anil Shankar Kulkarni	Mr. Chintan Amrish Patel	Mr Pranav Salil Kapur
1.	25.05.2023	Yes	Yes	No	NA
2.	14.08.2023	Yes	Yes	Yes	NA
3.	17.10.2023	Yes	Yes	No	NA
4.	14.11.2023	Yes	Yes	Yes	No
5.	14.02.2024	Yes	Yes	NA	Yes

On 14.11.2023, the committee was reconstituted and Mr Pranav Salil Kapur was
appointed as a member of the committee and Mr Chintan Amrish Patel resigned from the
committee as a member.

The minutes of the audit committee meetings were noted at the subsequent Board
meetings.

The Company Secretary is the secretary to the committee.

19. STAKEHOLDERS RELATIONSHIP COMMITTEE

The Stakeholders Relationship Committee was constituted pursuant to the provisions of
Section 178 of the Companies Act, 2013.

a) Composition, Name of Members and Chairman as on 31.03.2024:

Stakeholders Relationship Committee comprises of:

1. Mr. Vinay Rane- Independent Director (Chairman of the Committee)

2. Mr. Anil Kulkarni- Independent Director

3. Mrs. Maneka Vijay Mulchandani - Director

b) Meetings and Attendance during the year:

The Stakeholders Relationship Committee met Three (3) times during the year. The
details of the same are as follows:

Sr.	Date	Mr. Vinay	Mr. Anil Shankar	Mrs. Maneka Vijay
No.		Yeshwant Rane	Kulkarni	Mulchandani
1	25.05.2023	YES	YES	YES
2	14.08.2023	YES	YES	YES
3	14.11.2023	YES	YES	YES

The minutes of the Stakeholders Relationship committee meetings were noted at the
board meetings.

The Company Secretary is the secretary to the committee.

20. VIGIL MECHANISM POLICY FOR THE DIRECTORS AND EMPLOYEES:

The Company promotes ethical behavior in all its business activities and has put in place
a mechanism for reporting illegal and unethical behavior.

During the Financial year 2023-24, no complaint of Harassment had been received from
any of the employee of the Company.

21. INSURANCE AND RISK MANAGEMENT POLICY:

The Company has obtained adequate insurance on all of its fixed and other assets. In
accordance with the risk management policy of the Company, the Board of Director of
the Company identifies the potential risks against the business of the Company time to
time and take proper safeguards to mitigate / minimize the risks. Key business risks and
their mitigation are considered in the annual/strategic business plans and in periodic
management reviews. The risk management policy is available on www.autoriders.com
website of the Company.

22. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN
EXCHANGE EARNINGS AND OUTGO:

A. CONSERVATION OF ENERGY:

(i) The steps taken or impact on conservation of energy:

Energy conservation dictates how efficiently a Company can conduct its operations. The
Company has recognized the importance of energy conservation in decreasing the
deleterious effects of global warming and climate change. The Company has
strengthened the Company''s commitment towards becoming an environment friendly
organization. The Company carries out regular maintenance and development work of
electricity equipment to save the energy. The Company is also using the energy efficient
products to reduce wastage of scarce energy.

(ii) The steps taken by the Company for utilizing alternate sources of energy:

The Company is using the electricity as main source of its energy requirement. The
Company is not having/exploring any alternate source of energy.

(iii) The capital investment on energy conservation equipments:

For the year under review, there was no investment in energy conservation equipment.

B. TECHNOLOGY ABSORPTION:

i) The efforts made towards technology absorption: No efforts were taken.

ii) The benefits derived like product improvement, cost reduction, product
development or import substitution:

The Company has not absorbed/made any new technology during the year.

iii) In case of imported technology (imported during the last three years
reckoned from the beginning of the financial year)

No technology was imported during the three years preceding to the year under report.

iv) The expenditure incurred on Research and Development: Nil.

C. FOREIGN EXCHANGE EARNINGS AND OUTGO:

Foreign Exchange Earnings during the year: Rs.Nil /-(C. Y.)

Rs. 708192/- (P.Y.)

Foreign Exchange Outgo during the year: Rs. NIL/- (C.Y.)

Rs. NIL/- (P.Y)

23. INTERNAL CONTROL SYSTEMS

24. EXTRACT OF ANNUAL RETURN

Extract of the Annual Return in form MGT-9 for the financial year ended 31^st March, 2024
made under the provisions of Section 92(3) of the Act is annexed as ANNEXURE- A
which forms part of this Report. You may also find extract of the Annual Return in form
MGT-9 on the Company''s website i.e. www.autoriders.com.

25. CORPORATE SOCIAL RESPONSIBILITY

Pursuant to the provision of section 135 of the Companies Act, 2013, provision related
to spending amount towards CSR activity is applicable to the Company during the
financial year ended 31^st March ,2024, However, The Company has been carrying out
various Corporate Social Responsibility (CSR] activities in the areas of education. These
activities are carried out in terms of Section 135 read with Schedule VII of the Companies
Act, 2013 and Companies (Corporate Social Responsibility Policy] Rules, 2014.

The Annual Report on CSR Activities undertaken by the Company is annexed herewith
as ANNEXURE- F. The CSR Policy is available on Company''s website
http://www.autoridersrentacar.com/investors.html

26. AUDITORS

(i) STATUTORY AUDITOR

The Statutory Auditor tendered his resignation from continuing as a Statutory
Auditor of the Company, as M/S KPD & Co. Chartered Accountant (The said
resignation is effective from 14^th October, 2023

T o fill the casual Vacancy caused with the resignation of M/S KPD & Co, f M/s Vandana
V Dodhia & Co., Chartered Accountant (FRN No. 117812W] was appointed as the
Statutory Auditor of the Company in Extra-Ordinary General Meeting of the company
held at November 09, 2023

AUDIT REPORT

The Statutory Auditors have not made any qualification in their Report dated 30^thMay,2024 for the financial year ended 31^st March 2024, However, they have
observations on some matters in their report to the Board of Directors of the
Company which are annexed as ANNEXURE-C

(ii) SECRETARIAL AUDITOR

The Board has appointed Mr. Naveen Karn, Company Secretaries in Practice to
undertake the Secretarial Audit of the Company for the financial year 2023-24. The
Report of the Secretarial Audit Report is annexed herewith as ANNEXURE- B.

AUDIT REPORT

The Secretarial Auditors have not made any qualification in their Report dated 30 ^thMay,2024 for the financial year ended 31^st March 2024, However, they have
observations on some matters in their report to the Board of Directors of the
Company which are annexed as ANNEXURE-C

(iii) COST AUDITOR

The Company is not required to appoint Cost Auditor as it is not required to submit
cost audit report pursuant to the provision of the Companies (Cost Records and Audit]
Rules, 2014.

27. GREEN INITIATIVES

28. SECRETARIAL STANDARDS

It is hereby confirmed that the Company has complied with the provisions of all
applicable Secretarial Standards issued by the Institute of Company Secretaries of India
(ICSI).

29. HUMAN RESOURCES

30. ENVIRONMENT AND SAFETY

31. A STATEMENT REGARDING OPINION OF THE BOARD WITH REGARD TO
INTEGRITY, EXPERTISE AND EXPERIENCE (INCLUDING THE PROFICIENCY) OF THE
INDEPENDENT DIRECTORS APPOINTED DURING THE YEAR

The Company is having Mr. Anil Kulkarni, and Mr. Pankil Balendrabhai Amin on Board
as an Independent Director. Both the Independent Directors are having expertise in the
field of Vehicle acquisition, prompt registration of vehicle acquired, advising over
various insurance cover of vehicles as well as for passengers and other related things
associated with the Business. Independent Directors contributes towards obtaining
various business opportunities, combating the Risks arising in achieving business
objective of the company and to lessen the losses in every possible way.

Mr. Pankil Amin have cleared self-proficiency test in the month of November, 2021with
78% score and October, 2021 with respectively.

And Me. Anil Kulkarni Cleared Self-proficiency test in the month of September,2022 and
December,2022 with respectively.

32. MATERIAL CHANGES AND COMMITMENTS, IF ANY AFFECTING THE FINANCIAL
POSITION OF THE COMPANY WHICH HAVE OCCURRED BETWEEN THE FINANCIAL
YEAR END OF THE COMPANY TO WHICH FINANCIAL RESULTS RELATED

33. ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE
FINANCIAL STATEMENTS

The Internal Financial Controls with reference to financial statements as designed and
implemented by the Company are adequate. During the year under review, the company
could not carry out Internal Financial Controls review due to lock down situations
prevailing during the year.

34. PARTICULARS OF LOANS, GUARANTEES, INVESTMENTS AND SECURITIES UNDER
SECTION 186 OF THE COMPANIES ACT OF 2013

The Company has not granted any loans, not given any guarantees and not made any
investment during the financial year 2023-24.

35. PARTICULAR OF CONTRACTS OR ARRANGEMENT WITH RELATED PARTIES

Pursuant to provision of section 188 of the Companies Act, 2013 and the rules made
thereunder all the transactions entered into by the Company during the Financial year
2023-24 with the related parties are entered in ordinary course of business and are at
arm''s length basis and not material in nature. Hence, the disclosure under Form No. AOC-
2 is not applicable to the Company.

36. DISCLOSURE UNDER SECTION 197(12) OF THE COMPANIES ACT, 2013 AND OTHER
DISCLOSURES AS PER RULE 5 OF COMPANIES (APPOINTMENT & REMUNERATION)
RULES, 2014

There were no employees of the Company drawing remuneration of Rs. 1.02 crore per
annum or more or Rs.8.5 lacs per month or more during the year under review. The
details pursuant to Rule 5(2) of The Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 are annexed herewith as ANNEXURE- D.

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

The Company has zero tolerance for sexual harassment and has constituted an Internal
Complaints Committee (ICC) for providing a Redressal mechanism pertaining to Sexual
harassment of women employees at workplace. There was no complaint received during
the year under review. The report of the same has been submitted to The District Officer
and Deputy Collector, Office of Collector, Mumbai Suburban District.

38. GENERAL DISCLOSURES

Your Director''s state that no disclosure or reporting is required in respect of the
following items as there were no transactions on these items during the year under
review:

1. The Company has not issued any shares with differential rights and hence no
information as per provisions of Section 43 (a] (ii) of the Act read with Rule 4(4] of the
Companies (Share Capital and Debenture] Rules, 2014 is furnished.

2. The Company has not issued any sweat equity shares during the year under review
and hence no information as per provisions of Section 54(1)(d) of the Act read with
Rule 8(13] of the Companies (Share Capital and Debenture] Rules, 2014 is furnished.

3. The Company has not issued any equity shares under Employees Stock Option
Scheme during the year under review and hence no information as per provisions of
Section 62(1](b] of the Act read with Rule 12(9] of the Companies (Share Capital and
Debenture] Rules, 2014 is furnished.

4. During the year under review, there were no instances of non-exercising of voting
rights in respect of shares purchased directly by employees under a scheme pursuant
to Section 67(3] of the Act read with Rule 16(4] of Companies (Share Capital and
Debentures] Rules, 2014 is furnished.

5. No orders have been passed by any Regulator or Court or T ribunal which can have an
impact on the going concern status and the Company''s operations in future.

6. No frauds were reported by auditors under sub-section (12] of section 143.

7. The Company has not made any application nor any proceedings of the Company are
pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016] during the
year.

8. The details of difference between amount of the valuation done at the time of one time
settlement and the valuation done while taking loan from the Banks or Financial
Institutions along with the reasons thereof- Not Applicable during the Financial Year.

35. ACKNOWLEDGEMENT

By order of the Board,
For AUTORIDERS INTERNATIONAL LIMITED,

Maneka mulchandani Chintan patel

Director Managing director & CEO

DIN:- 00491027 DI N :- 00482043

Place : Mumbai
Dated :13^th August, 2024

Mar 31, 2015

Dear Members,

The Board of Directors are pleased to present the Thirtieth Annual Report on the business and operations of your Company along with the audited financial statements for the financial year ended 31st March, 2015. The Statement of Accounts, Auditors' Report, Board's Report and attachment thereto have been prepared in accordance with the provisions contained in Section 134 of Companies Act, 2013 and Rule 8 of the Companies (Accounts) Rules, 2014.

1. FINANCIAL RESULTS

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

Particulars For the For the year ended year ended 31.03.2015 31.03.2014 (Rs.in Lacs) (Rs.in Lacs)

Revenue from operations 5396.62 4804.36

Profit before Tax 121.55 34.79

Less: Tax Expenses 73.83 21.67

Current Tax 55.18 3.50

Current Tax for Prior Years 00.00 00.00

Deferred Tax 18.65 25.17

Profit for the year 47.72 56.46

Interim Dividend 00.00 00.00

Corporate Dividend Tax 00.00 00.00

Transfer to General Reserve 00.00 00.00

Earnings Per Share of Rs..10/- 19.47 23.04

2. RESERVES

During the year under review, your Company transferred a sum of 47.72 lakhs to the General Reserves.

3. PERFORMANCE AND AFFAIRS OF THE COMPANY

During the year under review, the Company recorded all time high revenue of 5396.62 lacs as against last year revenue of 4804.36 lacs which is up by 12.33 %. The profit after depreciation stood at 121.55 lacs against 34.79 lacs last year, up by 249%.

As the travel & tourism industry is witnessing fast growth, your company will have a vital role to play in the coming years.

4. DIVIDEND

With a view to conserve resources for operations and future ensuing expansion , your Directors are not recommending any dividend for the year ended 31March 2015.

5. CURRENT STATUS

The current position of the Company in the current financial year 2015-16 is satisfactory. The Company expects to achieve better performance during the current year.

6. CHANGES IN NATURE OF BUSINESS AND REVISION IN THE BOARD'S REPORT

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

7. REPORT ON PERFORMANCE OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE COMPANIES

During the year under review, your Company did not have any subsidiary, associate and joint venture Company.

8. CORPORATE GOVERNANCE

Pursuant to Clause 49 of the Listing Agreement executed with the Stock Exchanges, Corporate Governance Report and Certificate regarding compliance of conditions of Corporate Governance form an integral part of this report and are set out as separate ANNEXURE - A to this Report.

9. PUBLIC DEPOSITS

Your Company has not accepted any deposits within the meaning of Section 73 and 76 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014. The question of non-compliance of the relevant provisions of the law relating to acceptance of deposit does not arise.

10. DIRECTORS AND KEY MANAGERIAL PERSONNEL

(i) Directors

Smt. Kruti Bhupesh Patel, (DIN NO: 00482326) Director will retire by rotation and being eligible and not being disqualified under section 164 of the Companies Act, 2013, offers herself for re appointment.

Mr. Gokulsingh Dhondusingh Rajput (DIN NO: 01934109) was appointed as an Additional Director with effect from 30th March, 2015 as an Additional Director. He holds office up to the date of the ensuing Annual General Meeting and being eligible, offers himself for appointment as Director afresh.

The Company has received a letter from a member along with the requisite deposits proposing the candidature for his appointment as a Director at the next Annual General Meeting. The Boards recommends his appointment.

Mr. Shailendra Banwarilal Agrawal (DIN NO: 07121446) was appointed as an Additional Director with effect from 30th March, 2015 as an Additional Director. He holds office up to the date of the ensuing Annual General Meeting and being eligible, offers himself for appointment as Director afresh.

The Company has received a letter from a member along with the requisite deposits proposing the candidature for his appointment as a Director at the next Annual General Meeting. The Boards recommends his appointment.

There is no other change in the composition of the Board of Directors.

(ii) Key Managerial Personnel

Mr.Ramachandran Chalakudi Gopalakrishnan was appointed as Chief Financial Officer of the Company with effect from 1st April, 2015.

Ms.Shrima Shridhar Shetty was appointed as Company Secretary of the Company with effect from 1st April,2015.

(iii) Declaration by an Independent Director(s)

The Company has complied with clause 49 of Listing Agreement and according to the provisions of section 149(6) of the Companies Act, 2013.The Company has also obtained declarations from all the Independent Directors pursuant to section 149(7) of the Companies Act, 2013.

(iv) Annual Evaluation of Board

Pursuant to the provisions of the Companies Act, 2013 and Clause 49 of the Listing Agreement, the Board has carried out the annual performance evaluation of its own performance and other Directors. A structured questionnaire was prepared after taking into consideration inputs received from the Directors, covering various aspects of the Board's functioning such as adequacy of the composition of the Board and its Committees, Board culture, execution and performance of specific duties, obligations and governance. A separate exercise was carried out to evaluate the performance of individual Directors including the Chairman of the Board, who were evaluated on parameters such as level of engagement and contribution, independence of judgment, promotion of participation by all directors and developing consensus amongst the directors for all decisions.

11. NUMBER OF BOARD MEETINGS

During the Financial year, total 5 (Five) meetings of the Board of Directors were held on 30th May 2014, 14th August 2014, 15th November 2014, 14th February 2015 and 30th March 2015 respectively.

12. DIRECTOR'S RESPONSIBILITY STATEMENT

To the best of their knowledge and belief and according to the information and explanations obtained by your Directors they make the following statements in terms of Section 134(3)(c)of the Companies Act, 2013 and hereby confirm that:-

a. in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

b. the directors have selected such accounting policies and applied consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31st March, 2015 and of the profit of the Company for the year ended on that date;

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

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

13. NOMINATION AND REMUNERATION COMMITTEE

The Board has in accordance with the provisions of sub-section (3) of Section 178 of the Companies Act, 2013, formulated the policy setting out the criteria for determining qualifications, positive attributes, independence of a Director and policy relating to remuneration for Directors, Key Managerial Personnel and other employees.

14. AUDIT COMMITTEE:

The Audit Committee of Directors was constituted pursuant to the provisions of Section 177 of the Companies Act, 2013. The Audit Committee comprises of:

1. Mr. Tapan , Patel

2. Mrs. Kruti Patel

3. Mrs. Ketki Patel

The scope and terms of reference of the Audit Committee have been amended in accordance with the Act and the Listing Agreement entered into with the Stock Exchanges. The Internal Auditors and Statutory Auditors are permanent invitees to the Audit Committee meetings.

15. VIGIL MECHANISM POLICY FOR THE DIRECTORS AND EMPLOYEES

The Company promotes ethical behavior in all its business activities and has put in place a mechanism for reporting illegal and unethical behavior.

The Board of Directors of the Company have, pursuant to the provisions of Section 177(9) of the Companies Act, 2013 read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014, framed "Vigil Mechanism Policy" for Directors and employees of the Company to provide a mechanism which ensures adequate safeguards to employees and Directors from any victimization on raising of concerns of any violations of legal or regulatory requirements, incorrect or misrepresentation of any, financial statements and reports, etc.

The employees of the Company have the right/option to report their concern/grievance to the Chairman of the Audit Committee. The Company is committed to adhere to the highest standards of ethical, moral and legal conduct of business operations.

16. RISK MANAGEMENT POLICY

The Board of Directors of the Company during the year have designed Risk Management Policy and Guidelines to avoid events, situations or circumstances which may lead to negative consequences on the Company's businesses, and define a structured approach to manage uncertainty and to make use of these in their decision making pertaining to all business divisions and corporate functions. Key business risks and their mitigation are considered in the annual/strategic business plans and in periodic management reviews. At present there is no identifiable risk which, in the opinion, of the Board may threaten the existence of the Company.

17. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

Your Company has no activities relating to conservation of energy or technology absorption. During the year, the Company has earned foreign exchange worth of Rs.67.94 Lacs and there was no foreign exchange outgo.

18. INTERNAL CONTROL SYSTEMS:

Adequate internal control systems commensurate with the nature of the Company's business, size and complexity of its operations are in place. It has been operating satisfactorily. Internal control systems comprising of policies and procedures are designed to ensure reliability of financial reporting, timely feedback on achievement of operational and strategic goals, compliance with policies, procedure, applicable laws and regulations and that all assets and resources are acquired economically, used efficiently and adequately protected.

19. EXTRACT OF ANNUAL RETURN:

Extract of the Annual Return in form MFT-9 for the financial year ended 31st March, 2015 made under the provisions of Section 92(3) of the Act is annexed as ANNEXURE- B which forms part of this Report.

20. CORPORATE SOCIAL RESPONSIBILITY:

The Corporate Social Responsibility is not applicable to the Company hence there is no report on the same.

21. AUDITORS

(i) STATUTORY AUDITOR

The Statutory Auditors of your Company namely, M/s. Sheth Doctor & Associates., Chartered Accountants have been appointed for a period of Five years at the previous annual general meeting held on 30th September, 2014. The appointment is required to be ratified by the shareholders at this annual general meeting to conduct the audit for the financial year 2015- 2016. Auditors have confirmed their eligibility and submitted the Certificate in writing that their appointment, if ratified, would be within the prescribed limit under the Act and they are not disqualified for re-appointment.

The Statutory Auditors Report does not contain any disqualification, reservation or adverse remark.

(ii) SECRETARIAL AUDITOR

The Board has appointed Ms. Shilpa K. Shah , Company Secretaries in Practice to undertake the Secretarial Audit of the Company for the financial year 2014-2015. The Report of the Secretarial Audit Report is annexed herewith as ANNEXURE- C.

(iii) COST AUDITOR

The Company is not required to appoint Cost Auditor as it is not required to submit cost audit report pursuant to the provision of the Companies (Cost Records and Audit) Rules, 2014.

22. GREEN INITIATIVES

Pursuant to Sections 101 and 136 of the Companies Act, 2013 The Company will be sending Annual Report through electronic modeÂemail to all the shareholders who have registered their email addresses with the Company.

23. HUMAN RESOURCES

Employees are considered to be team members being one of the most critical resources in the business which maximize the effectiveness of the Organization. Human resources build the Enterprise and the sense of belonging would inculcate the spirit of dedication and loyalty amongst them towards strengthening the Company's Polices and Systems. The Company maintains healthy, cordial and harmonious relations with all personnel and thereby enhancing the contributory value of the Human Resources.

24. ENVIRONMENT AND SAFETY

The Company is conscious of the importance of environmentally clean and safe operations. The Company's policy requires conduct of operations in such a manner, so as to ensure safety of all concerned, compliances environmental regulations and preservation of natural resources. There was no accident during the year.

25. MATERIAL CHANGES AND COMMITMENTS, IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY WHICH HAVE OCCURRED BETWEEN THE FINANCIAL YEAR END OF THE COMPANY TO WHICH FINANCIAL RESULTS RELATED

Except as disclosed elsewhere in this report, no material changes and commitments which could affect the Company's financial position have occurred between the end of the financial year of the Company and date of this report.

26. ADEQUACY OF. INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENTS

The Internal Financial Controls with reference to financial statements as designed and implemented by the Company are adequate. 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.

27. PARTICULARS OF LOANS, GUARANTEES, INVESTMENTS AND SECURITIES

The Company has not taken any loan, given guarantees or made investments and securities during the year. The details of loans of the companies as per the provisions of section 186 of the Companies Act, 2013 are given in the notes No. 3 and 5 to Financial Statements.

28. PARTICULAR OF CONTRACTS OR ARRANGEMENT WITH RELATED PARTIES

All transactions entered with Related Parties is disclosed in form AOC-2 which is annexed to the Boards Report as ANNEXURE-D.

All Related Party Transactions are placed before the Audit Committee as also to the Board for approval at every quarterly meeting.

29. DISCLOSURE UNDER SECTION 197(12) OF THE COMPANIES ACT, 2013 AND OTHER DISCLOSURES AS PER RULE 5 OF COMPANIES (APPOINTMENT & REMUNERATION) RULES, 2014.

There were no employees of the Company drawing remuneration of Rs.60 lacs per annum or more or Rs. 5 lacs per month or more during the year under review.

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

The Company has set up an Internal Complaints Committee (ICC) for providing a Redressal mechanism pertaining to Sexual harassment of women employees at workplace. There was no complaint received during the year under review.

31. GENERAL DISCLOSURES

Your Directors state that no disclosure or reporting is required in respect of the following items as there were no transactions on these items during the year under review:

1. The Company has not issued any shares with differential rights and hence no information as per provisions of Section 43(a)(ii) of the Act read with Rule 4(4) of the Companies (Share Capital and Debenture) Rules, 2014 is furnished.

2. The Company has not issued any sweat equity shares during the year under review and hence no information as per provisions of Section 54(l)(d) of the Act read with Rule 8(13) of the Companies (Share Capital and Debenture) Rules, 2014 is furnished.

3. The Company has not issued any equity shares under Employees Stock Option Scheme during the year under review and hence no information as per provisions of Section 62(l)(b) of the Act read with Rule 12(9) of the Companies (Share Capital and Debenture) Rules, 2014 is furnished.

4. During the year under review, there were no instances of non-exercising of voting rights in respect of shares purchased directly by employees under a scheme pursuant to Section 67(3) of the Act read with Rule 16(4) of Companies (Share Capital and Debentures) Rules, 2014 is furnished.

5. No orders have been passed by any Regulator or Court or Tribunal which can have an impact on the going concern status and the Company's operations in future.

32. ACKNOWLEDGEMENT

Your Directors wish to thank Bankers, Government authorities and various stakeholders, such as, shareholders, customers and suppliers, among others for their support and valuable guidance to the Company. Your Directors also wish to place on record their appreciation for the committed services of all the Employees of the Company.

By order of the Board,

For AUTORIDERS INTERNATIONAL LIMITED,

MR.TAPAN PATEL Director DIN:- 00482646 Place : Mumbai Dated : 30th May, 2015

Mar 31, 2013

To, The Shareholders of AUTORIDERS INTERNATIONAL LTD

The Directors have pleasure in presenting the Twenty Eight Annual Report together with the audited accounts for the year ended 31st March, 2013.

FINANCIAL RESULTS:

The Financial results of the Company for the year under review are summarized for your consideration.

(Rs. in Lacs )

31/03/2013 31/03/2012

Profit before Depreciation 397.40 405.02

Less: Depreciation 367.04 339.34

Profit before Tax 30.36 65.68

Less: Tax Expenses (Net) (7.84) 9.66

Profit for the Year 22.52 75.34

In view of expansion plan ahead, your Directors are not recommending any dividend for the year ended 31March 2013.

OPERATION:

During the year under review, Your Company has reorganized the fleet at the branches as per the customer requirement to have better utilization. The Company has also undertaken the replacement of old fleet with latest models keeping in view of the market demand and comfort of valued customers.

PROSPECTS:

During the year under review, the Company witnessed change in the market trend giving ample opportunity for the Company to regain the lost ground during the downslide. It is envisaged that if this trend continues and the Company would be able to post better results in the coming financial year. Your Company has taken steps to have the fleet upgraded so that it could meet the stringent requirements of its customers. The directors feel that the plan to take up gradation of vehicles and services at each branch would put the Company on fast growth.

Your Company is negotiating with few car rental companies for granting of franchisee ship to them so that many of the places where the Company is not represented could be adequately covered. Your Company is putting more stress on corporate business and while offering top of the line services to the existing customers, Your Company is in dialogue with more corporate houses for engaging fleet for their transportation needs.

As the travel & tourism industry is witnessing fast growth, Your Company will have a vital role to play in the coming years.

DISCLOSURE UNDER THE LISTING AGREEMENT:

Cash Flow Statement pursuant to Clause 32 of the listing Agreement is annexed herewith as Annexure ''A'' and forming part of this report.

AUDITORS:

M/s. Sheth Doctor & Associates./ Chartered Accountants, hold office until the ensuing Annual General Meeting.

FIXED DEPOSITS:

Your Company has not accepted any fixed deposits from public during the year under review.

CORPORATE GOVERNANCE:

Separate section on Corporate Governance is included in the Annual Report and Certificate from Company''s Auditors confirming the Compliance of conditions on Corporate Governance as stipulated in the said Clause 49 of the Listing Agreement is annexed thereto.

PARTICULARS OF EMPLOYEES:

There are no employees covered under Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules 1975 as amended.

CONSERVATION OF ENERGY/TECHNOLOGY ABSORPTION,FOREIGN EXCHANGE EARNINGS AND OUTGO :

Your Company has no activities relating to conservation of energy or technology absorption. During the year, the Company has earned Foreign Exchange worth of Rs.14.89 lacs and there was no foreign exchange outgo.

DIRECTORS'' RESPONSIBILITY STATEMENT PURSUANT TO NEW SEC. 217 (2AA) OF THE COMPANIES ACT, 1956:

As required under the added Sec. 217 (2AA), the Directors state as under:

a. that in the preparation of the annual accounts, the applicable accounting standards have been followed;

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 the state of affairs of the Company as at the end of the financial year and of the profit of the company for the year.

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

d. that the Annual Accounts have been prepared on a going concern basis.

LISTING:

The Company''s shares continued to be listed on Mumbai Stock Exchange throughout the year under report. The Company has paid all listing fees till date.

ACKNOWLEDGMENT:

Your Directors thank all its customers for their continuous support to the Company. They also wish to place on record their appreciation of the dedicated services of the employees of the Company.

For and on behalf of the Board

For AUTORIDERS INTERNATIONAL LTD.

TAPAN PATEL

DIRECTOR

Mumbai

Dated : 30 May, 2013.

Mar 31, 2012

The Shareholders of AUTORIDERS INTERNATIONAL LTD

The Directors have pleasure in presenting the Twenty Seventh Annual Report together with the audited accounts for the year ended 31st March, 2012.

FINANCIAL RESULTS:

The Financial results of the Company for the year under review are summarized for your consideration.

(Rs. in Lacs )

31/03/2012 31/03/2011

Profit before Depreciation 405.02 373.35

Less: Depreciation 339.34 258.63

Profit before Tax 65.68 114.72

Less: Tax Expenses (Net) 9.66 3.04

Profit for the Year 75.34 117.76

In view of expansion plan ahead, your Directors are not recommending any dividend for the year ended 31March 2012.

OPERATION:

During the year under review; Your Company has reorganised the fleet at the branches as per the customer requirement to have better utilisation. The Company has also undertaken the replacement of old fleet with latest models keeping in view of the market demand and comfort of valued customers.

PROSPECTS:

During the*year under review,; the Company witnessed change in the market trend giving ample opportunity for the Company to regain the lost ground during the downslide. It is envisaged that if this trend continues and the Company would be able to post better results in the coming financial year. Your Company has taken steps to have the fleet upgraded so that it could meet the stringent requirements of its customers. The directors feel that the plan to take up gradation of vehicles and services at each branch would put the Company on fast growth.

Your Company is negotiating: with few car rental companies for granting of franchisee ship to them so that many of the places where the Company is not represented could be adequately covered. Your Company is putting more stress on corporate business and while offering top of the line services to the existing customers, Your Company is in dialogue with more corporate houses for engaging fleet for their transportation needs.

As the travel & tourism industry is witnessing fast growth, Your Company will have a vital role to play in the coming years.

DISCLOSURE UNDER THE LISTING AGREEMENT:

Cash Flow Statement pursuant to Clause 32 of the listing Agreement is annexed herewith as Annexure ''A'' and forming part of this report.

AUDITORS:

M/s. S. V. Doshi & Co., Chartered Accountants, hold office until the ensuing Annual General Meeting.

FIXED DEPOSITS:

Your Company has not accepted any fixed deposits from public during the year under review.

CORPORATE GOVERNANCE:

Separate section on Corporate Governance is included in the Annual Report and Certificate from Company''s Auditors confirming the Compliance of conditions on Corporate Governance as stipulated in the said Clause 49 of the Listing Agreement is annexed thereto.

PARTICULARS OF EMPLOYEES:

There are no employees covered under Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules 1975 as amended.

CONSERVATION OF ENERGY/TECHNOLOGY ABSORPTION.FOREIGN EXCHANGE EARNINGS AND OUTGO:

Your Company has no activities relating to conservation of energy or technology absorption. During the year, the Company has earned Foreign Exchange worth of v Rs.l4.891acs and there was no. foreign exchange outgo.

DIRECTORS'' RESPONSIBILITY STATEMENT PURSUANT TO NEW SEC. 217 (2AA1 OF THE COMPANIES ACT. 1956:

As required under the added Sec. 217 (2AA), the Directors state as under:

a. that in the preparation of '' the annual accounts, the applicable accounting standards have been followed;

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 the state of affairs of the Company as at the end of the- financial year and of the profit of the company for the year.

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

d. that the Annual Accounts have been prepared on a going concern basis.

LISTING:

The Company''s shares continued to be listed on Mumbai Stock Exchange throughout the year under report. The Company has paid all listing fees till date.

ACKNOWLEDGMENT:

Your Directors thank all its customers for their continuous support to the Company. They also wish to place on record their appreciation of the dedicated services of the employees of the Company.

For and on behalf of the Board For AUTORRIDERS INTERNATIONAL LTD.

TARAN PATEL DIRECTOR

Mumbai Dated: 30 May, 2012.

Mar 31, 2010

The Directors have pleasure in presenting the Twenty Fifth Annual Report together with the audited accounts for the year ended 31st March, 2010.

FINANCIAL RESULTS:

The Financial results of the Company for the year under review are summarized for your consideration.

(Rs. In Lacs)

YEAR ENDED YEAR ENDED 31/03/2010 31/03/2009

Profit/(Loss) Before Depreciation 265.91 136.95

Less: Depreciation 175.49 184.43

Profit before Taxation 90.42 (47.48) Provision for :

Deferred Tax 57.28 12.74

Fringe Benefit Tax - 5.95

Net profit/(Loss) for the Year 33.13 (40.69)

In view of expansion plan ahead, your Directors are not recommending any dividend for the year ended 31st March 2010.

DIRECTORS;

The Company has two whole-time Directors Mr. Tapan Patel and Mrs. Maneka Mulchandani. Mr. Chintan Patel was retired at rotation and was reappointed during last Annual General Meeting.

OPERATION:

During the year Company lias reorganised the fleet at the branches as per the customer requirement to have better utilisation. Also we have undertaken the replacement of old fleet with latest models keeping in view of the market demand and comfort of our valued customers.

PROSPECTS;

During the period under reporting, the company witnessed change in the market trend giving ample opportunity for the company to regain the lost ground during the downslide. It is envisaged that this trend continues and the company would be able to post better results in the coming financial year. Your company has taken steps to have the fleet upgraded so that it could meet the stringent requirements of its customers. The directors feel that the plan to take up gradation of vehicles and services at each branch would put the company on fast growth.

We are negotiating with few car rental companies for granting of franchisee ship to them so that many of the places where we are not represented could be adequately covered. We are putting more stress on corporate business and while offering top of the line services to the existing customers, we are in dialogue with more corporate houses for engaging our fleet for their transportation needs.

As the travel & tourism industry is witnessing fast growth, we will have a vital role to play in the coming years.

DISCLOSURE UNDER THE LISTING AGREEMENT:

Cash Flow Statement pursuant to Clause 32 of the listing Agreement is annexed herewith as Annexure A and forming part of this report.

AUDITORS:

M/s. S. V. Doshi & Co., Chartered Accountants, hold office until the ensuing Annual General Meeting.

FIXED DEPOSITS:

Your Company has not accepted any fixed deposits from public during the year under review.

CORPORATE GOVERNANCE:

Separate section on Corporate Governance is included in the Annual Report and Certificate from Companys Auditors confirming the Compliance of conditions on Corporate Governance as stipulated in the said Clause 49 of the Listing Agreement is annexed thereto.

PARTICULARS OF EMPLOYEES:

There are no employee^Sjeovered under Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules 1975 as amended.

CONSERVATION OF ENERGY/TECHNOLOGY ABSORPTION,FOREIGN EXCHANGE EARNINGS AND OUTGO:

Your Company has no activities relating to conservation of energy of technology absorption. During the year, the Company has earned Foreign Exchange worth of Rs.14.89 lacs and there was no foreign exchange outgo.

DIRECTORS RESPONSIBILITY STATEMENT PURSUANT TO NEW SEC. 217 (2AA) OF THE COMPANIES ACT, 1956;

As required under the added Sec. 217 (2AA), the Directors state as under:

a. that in the preparation of the annual accounts, the applicable accounting standards have been followed;

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 the state of affairs of the Company as at the end of the financial year and of the profit of the company for the year.

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

d. that the Annual Accounts have been prepared on a going concern basis.

LISTING:

The Companys shares continued to remain on Mumbai Stock Exchange throughout the year under report. The Company has paid listing fees up to date. The trading in shares was not suspended on Stock Exchange, Mumbai.

ACKNOWLEDGMENT:

Your Directors thank all its customers for their continuous support to the Company. They also wish to place on record their appreciation of the dedicated services of the employees of the Company.

For and on behalf of the Board For AUTORIDERS INTERNATIONAL LTD.

CHINTAN FATEL TAPAN PATEL DIRECTOR DIRECTOR

Mumbai

Dated: 29th May, 2010.

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Directors Report of Autoriders International Ltd.

1. FINANCIAL RESULTS

The Company''s financial performance for the year ended March 31, 2025 issummarized below:

2. RESERVES

3. PERFORMANCE AND AFFAIRS OF THE COMPANY

4. SHARE CAPITAL

5. DIVIDEND

6. CURRENT STATUS

7. CHANGES IN NATURE OF BUSINESS AND REVISION IN THE BOARD''S REPORT

9. DETAILS OF THE COMPANY WHO CEASED TO BE ITS SUBSIDIARY/ JOINTVENTURES/ASSOCIATE COMPANIES

10. DETAILS OF NEW SUBSIDIARY/ JOINT VENTURES/ASSOCIATE COMPANIES

11. REPORT ON PERFORMANCE OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURECOMPANIES

12. CORPORATE GOVERNANCE

13. PUBLIC DEPOSITS

14. DIRECTORS AND KEY MANAGERIAL PERSONNEL

(ii) Key Managerial Personnel

(iii) Statement on Declaration by an Independent Director(s)

(iv) Annual Evaluation of Board

15. NUMBER OF BOARD MEETINGS

17. NOMINATION AND REMUNERATION COMMITTEE

(a) Brief description of Terms of Reference:

(b) Composition, Name of Members and Chairman as on 31.03.2025:

(c) Composition, Name of Members and Chairman:

(d) Remuneration Policy:

18. AUDIT COMMITTEE

a) Brief description of terms of reference:

b) Composition, Name of Members and Chairman as on 31.03.2025:

c) Meetings and Attendance during the year:

19. STAKEHOLDERS RELATIONSHIP COMMITTEE

a) Composition, Name of Members and Chairman as on 31.03.2025:

b) Meetings and Attendance during the year:

20. VIGIL MECHANISM POLICY FOR THE DIRECTORS AND EMPLOYEES:

21. INSURANCE AND RISK MANAGEMENT POLICY:

22. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGNEXCHANGE EARNINGS AND OUTGO:

A. CONSERVATION OF ENERGY:

(i) The steps taken or impact on conservation of energy:

(ii) The steps taken by the Company for utilizing alternate sources of energy:

(iii) The capital investment on energy conservation equipments:

B. TECHNOLOGY ABSORPTION:

ii) The benefits derived like product improvement, cost reduction, productdevelopment or import substitution:

iii) In case of imported technology (imported during the last three yearsreckoned from the beginning of the financial year)

iv) Expenditure incurred on Research and Development: Nil.

C. FOREIGN EXCHANGE EARNINGS AND OUTGO:

23. INTERNAL CONTROL SYSTEMS

24. EXTRACT OF ANNUAL RETURN

25. CORPORATE SOCIAL RESPONSIBILITY

26. AUDITORS

(i) STATUTORY AUDITORStatutory Auditors (Existing Auditor)

Statutory Auditors (Appointment)

AUDIT REPORT

(ii) SECRETARIAL AUDITOR

AUDIT REPORT

(iii) COST AUDITOR

27. GREEN INITIATIVES

28. SECRETARIAL STANDARDS

29. HUMAN RESOURCES

30. ENVIRONMENT AND SAFETY

33. ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THEFINANCIAL STATEMENTS

34. PARTICULARS OF LOANS, GUARANTEES, INVESTMENTS AND SECURITIES UNDERSECTION 186 OF THE COMPANIES ACT OF 2013

35. PARTICULAR OF CONTRACTS OR ARRANGEMENT WITH RELATED PARTIES

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

38. PROCEEDINGS PENDING UNDER THE INSOLVENCY AND BANKRUPTCYCODE,2016:

39. MATERNITY BENEFIT:

40. GENERAL DISCLOSURES

41. ACKNOWLEDGEMENT

Maneka Mulchandani Chintan Patel

1. FINANCIAL RESULTS

The Company''s financial performance for the year ended March 31, 2024 issummarized below:

2. RESERVES

3. PERFORMANCE AND AFFAIRS OF THE COMPANY

4. SHARE CAPITAL

5. DIVIDEND

6. CURRENT STATUS

7. CHANGES IN NATURE OF BUSINESS AND REVISION IN THE BOARD''S REPORT

9. DETAILS OF THE COMPANY WHO CEASED TO BE ITS SUBSIDIARY/ JOINTVENTURES/ASSOCIATE COMPANIES

10. DETAILS OF NEW SUBSIDIARY/ JOINT VENTURES/ASSOCIATE COMPANIES

11. REPORT ON PERFORMANCE OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURECOMPANIES

12. CORPORATE GOVERNANCE

13. PUBLIC DEPOSITS

14. DIRECTORS AND KEY MANAGERIAL PERSONNEL

The Company''s financial performance for the year ended March 31, 2025 is
summarized below:

9. DETAILS OF THE COMPANY WHO CEASED TO BE ITS SUBSIDIARY/ JOINT
VENTURES/ASSOCIATE COMPANIES

11. REPORT ON PERFORMANCE OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE
COMPANIES

22. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN
EXCHANGE EARNINGS AND OUTGO:

ii) The benefits derived like product improvement, cost reduction, product
development or import substitution:

iii) In case of imported technology (imported during the last three years
reckoned from the beginning of the financial year)

(i) STATUTORY AUDITOR
Statutory Auditors (Existing Auditor)

33. ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE
FINANCIAL STATEMENTS

34. PARTICULARS OF LOANS, GUARANTEES, INVESTMENTS AND SECURITIES UNDER
SECTION 186 OF THE COMPANIES ACT OF 2013

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

38. PROCEEDINGS PENDING UNDER THE INSOLVENCY AND BANKRUPTCY
CODE,2016:

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

9. DETAILS OF THE COMPANY WHO CEASED TO BE ITS SUBSIDIARY/ JOINT
VENTURES/ASSOCIATE COMPANIES

11. REPORT ON PERFORMANCE OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE
COMPANIES

22. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN
EXCHANGE EARNINGS AND OUTGO:

ii) The benefits derived like product improvement, cost reduction, product
development or import substitution:

iii) In case of imported technology (imported during the last three years
reckoned from the beginning of the financial year)

33. ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE
FINANCIAL STATEMENTS

34. PARTICULARS OF LOANS, GUARANTEES, INVESTMENTS AND SECURITIES UNDER
SECTION 186 OF THE COMPANIES ACT OF 2013

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