Directors Report of Maa Jagdambe Tradelinks Ltd.

Mar 31, 2024

Your directors have pleasure in presenting their Thirty Ninth Annual Report on the
business and operations of the Company together with the Audited Statement of Accounts
of the Company for the year ended on 31^st March, 2024.

1. Financial Highlights:

The financial results are summarized below:

(Amount in hundreds)

	Particulars	For the year ended	For the year ended
		31st March 2024	31st March 2023
A	Total Revenue	—	—
B	Total Expenses	9,594	2,017
C	Profit/(Loss) Before Exceptional Item and Tax	(9,594)	(2,017)
D	Exceptional Item	1,11,432	—
E	Tax expense - Current Tax
	- Deferred Tax	—	—
F	Profit/(Loss) after Tax	1,01,838	(2,017)

2. Financial Performance:

The Company did not earn any revenue during the current year. The Company’s expenses
increased from Rs.2,017 hundreds to Rs. 9,594 hundreds. This year there were exceptional
item of Rs.1,11,432 hundreds due to which the Company earned a Profit of Rs.1,01,838
hundreds as compared to loss of Rs. 2,017 hundreds incurred during the previous year. The
Company is trying hard to grab the market opportunities and make it into a profit-making
Company.

3. Dividend & Reserves:

The Board of Directors of your Company has decided not to recommend any dividend on
the Equity Shares of the Company during the year under review and no amount of profit
earned during the year was transferred to General Reserve.

4. Management Discussion & Analysis:

There is no material change between the end of the financial year and the date of the
report which may affect the financial position of the Company. Management Discussion
& Analysis report is being given under Corporate Governance Report.

5. Listing with Stock Exchanges:

At present, the Equity shares of the Company are listed at BSE Ltd. Due to some suo motto
surveillance measures taken by BSE and due to non-payment of Annual Membership Fees,
the trading in the shares of the Company is suspended w.e.f. 27.08.2015.

6. Dematerialization of Shares:

99.90% of Company’s paid-up Equity Share Capital is in dematerialized form as on 31^st
March, 2024 and the balance 0.10% is in physical form. The Company’s Registrar and
Transfer Agent is M/s. Purva Sharegistry (India) Private Limited having their registered
office at Unit No.9, Shiv Shakti Industrial Estate, Gr Floor, J R Boricha Marg, Lower
Parel, Mumbai - 400 011.

7. Internal Financial Controls:

As required under Section 134 (3)(q) of the Companies Act, 2013 read with Rule 8 (5) (viii)
of Companies (Accounts) Rules, 2014, the Company has adequate system of internal control
commensurate with its size, scale, nature and complexity of business to ensure that all assets
and investments are safeguard against loss from unauthorized use or disposition. These
systems provide reasonable assurance in respect of providing financial and operational
information, safeguarding the assets of the Company, adhering to the management
policies besides ensuring compliance.

8. Finance & Accounts:

The Company is required to prepare financial statements under Indian Accounting
Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 read with
Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015. The estimates and
judgments relating to financial statements are made on prudent basis, so as to reflect in a
true and fair manner, the form and substance of transactions and reasonably present the
Company’s state of affairs and profit for the Financial Year 2023-24.

9. Subsidiaries, Joint Ventures and Associates Companies:

The Company does not have any Subsidiary/ Joint Ventures/ Associate Companies.

10. Deposits:

The Company has not accepted any deposits within the meaning of Section 73 of the
Companies Act, 2013, read with the Companies (Acceptance of Deposits) Rules, 2014.

11. Statutory Auditors:

(a) The members of the Company at the 38^th AGM held on 30^th September, 2023 appointed
Mr. Girish G. Patwardhan (having Membership No. 042606), Chartered Accountants,
Mumbai as the Statutory Auditors of the Company for a term of 5 years and accordingly
they hold their office till the conclusion of Annual General Meeting to be held in the
year 2027.

(b) Your Directors inform that the Auditors’ Report is unmodified i.e. it does not contain
any qualifications, reservations or adverse remark or disclaimer as presented by the
Statutory Auditors. All the details read together with the relevant notes to the accounts
and accounting policies are self-explanatory and do not call for further comments.

12. Secretarial Auditors:

Pursuant to the provisions of Section 204 of the Act and the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, the Board has appointed M/s.
Abhilasha Chaudhary & Associates, Practicing Company Secretary, Mumbai, as the
Secretarial Auditors of the Company to undertake secretarial audit of the Company. The
Secretarial Audit Report of the Company for the financial year ended March 31, 2024 is
annexed to this report as Annexure A.

13. Internal Auditors:

The internal audit function provides an independent view to the Board of Directors, the
Audit Committee and the Senior Management on the quality and efficacy of the internal
controls, governance systems and processes.

14. Reporting of Fraud by Auditors:

During the year, the Statutory Auditors and Secretarial Auditor have not reported, any
incident of fraud committed in your Company by its Officers or Employees, to the Audit
Committee and / or to the Board under Section143(12) of the Companies Act, 2013.

15. Annual Return:

A copy of Annual Return as provided under Section 92(3) of the Companies Act, 2013
read with Rule 12 of the Companies (Management and Administration) Rules, 2014, in
the prescribed form, which will be filed with the Registrar of Companies / Ministry of
Corporate Affairs.

16. Particulars Regarding Conservation of Energy, Technology Absorption:

Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies
(Accounts) Rules, 2014 requires disclosure of particulars regarding conservation of
Energy and Technology absorption. The Company is not having manufacturing facilities
of its own; therefore, information required under this clause is not applicable to the
Company.

17. Corporate Social Responsibility (CSR):

The Company does not fall under the prescribed class of companies’ u/s 135(2) of the
Companies Act, 2013 read with Rule 8 of the Companies (Corporate Social
Responsibility) Rules, 2014. Hence CSR is not applicable to the Company.

18. Human Resources:

Your Company has always aspired to build a culture that demonstrates world-class
standards in safety, environment and sustainability. People are our most valuable asset
and we are committed to provide all our employees, a safe and healthy work environment.
Our culture exemplifies our core values and nurtures innovation, creativity and diversity.
We ensure alignment of business goals and individual goals to enable our employees to
grow on personal as well as professional front.

19. Meetings of the Board of Directors:

The Board of Directors duly met 5 (five) times during the financial year, the details of the
same are being given in the Corporate Governance Report. The intervening gap between the
two consecutive meetings was within the period as prescribed under the Companies Act,
2013.

20. Disqualification of Directors:

During the year, the Company has received Form DIR-8 from all Directors as required under
the provisions of Section 164(2) of the Companies Act, 2013 read with Companies
(Appointment and Qualification of Directors) Rules, 2014 that none of the Directors of your
Company is disqualified to hold office as director and debarred from holding the office of a
Director.

21. Foreign Exchange Earnings / Outgo:

The Company has neither incurred any expenditure nor earned any income in foreign
exchange.

22. Directors and Key Managerial Personnel:

(1) Resignation of Independent Director:

Mr. Ravikant Kailashchandra Modi (holding DIN 06479629) resigned from the
position of Independent Director of the Company with effect from close of business
hours of 26^th May, 2023.

(2) Appointment of Directors retiring by rotation:

Mr. Harish Kanta Srivastava (holding DIN 06874778), Director of the Company,
will retire by rotation at the ensuing Annual General Meeting and being eligible offers
himself for reappointment.

(3) Declaration by Independent Directors:

The Company has received declarations from Independent Director of the Company
confirming that meet the criteria of independence as prescribed under Section
149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015.

23. Vigil Mechanism:

Pursuant to Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014
read with Section 177(10) of the Companies Act, 2013 (“Act”) and Regulations 22 of the
Listing Regulations our Company has adopted a Vigil Mechanism Framework
(“Framework”), The objective of the Framework is to establish a redressal forum, which
addresses all concerns raised on questionable practices and through which the Directors
and employees can raise actual or suspected violations. The mechanism framed by our
Company is in compliance with requirement of the Act.

24. Particulars of Loans, Guarantees or Investments:

The particulars of loans, guarantees and investments covered under the provisions of
Section 186 of the Companies Act, 2013 are as set out in the notes to the accompanying
financial statements of your Company.

25. Nomination and Remuneration Policy:

The Nomination & Remuneration Committee of the Board of Directors has adopted a
policy which deals with the manner of selection and appointment of Directors, Senior
Management and their remuneration. The policy is in compliance with the provisions of
Section 178(3) of the Companies Act, 2013.

26. Related Party Transactions:

Contracts/arrangement/transactions entered by the Company during Financial Y ear 2023¬
2024 with related parties were in compliance with the applicable provisions of the Act
and SEBI Listing Regulations. All related party transactions entered during Financial
Year 2023-2024 were on arm’s length basis and no materially significant related party
transactions made by the Company with Promoters, Directors, Key Managerial Personnel
or other designated persons which may have a potential conflict with the interest of the
Company. None of the Directors have any pecuniary relationships or transactions vis-a¬
vis the Company. There were no transaction requiring disclosure under Section 134(3)(h)
of the Act. Hence, the prescribed Form AOC-2 does not form a part of this report.

27. Risk Management:

The Company has long been following the principle of risk minimization as its norm in
every industry. In accordance with Regulation 21 of the Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Board
members were informed about risk assessment and minimization procedures after which
the Board formally adopted steps for framing, implementing and monitoring the risk
management plan for the Company. As a matter of policy, these risks are assessed and
appropriate steps are taken to mitigate the same.

28. Safety:

During the year under review, there were no cases filed pursuant to the Sexual
Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

29. Significant and Material Orders Passed by the Regulators or Courts:

During Financial Year 2023-2024, there were no significant and material orders passed
by Regulators or Courts or Tribunal impacting the going concern status of the Company
and its future operations.

30. Material changes and commitments:

No material changes and commitments affecting the financial position of the Company
occurred between the end of the financial year to which this financial statement relates
on the date of this report.

31. Board Evaluation:

The Nomination and Remuneration Policy of our Company empowers the Nomination
and Remuneration Committee to formulate a process for effective evaluation of the
performance of Individual Directors, Committees of the Board and the Board as a whole.
The Board of Directors formally assess their own performance based on parameters
which, inter-alia, include performance of the Board on deciding long term strategies,
rating the composition and mix of Board members, discharging of governance and
fiduciary duties, handling critical and dissenting suggestions, etc.

The parameters for performance evaluation of our Directors include contributions made
at the Board meeting, attendance, instances of sharing best and next practices, domain
knowledge, vision, strategy, engagement with senior management etc. The Chairperson
of the respective Committees based on feedback received from the Committee members
on the outcome of performance evaluation exercise of the Committee, share their report
to the Board of Directors.

32. Audit Committee:

The Audit Committee is comprised of three directors. The composition of the Audit
Committee is as follows:

No.	Name	Designation	Category
1.	Mr. Ravikant Kailashchandra Modi#	Chairman	Non-Executive Independent
2.	Mr. Bhavesh Trivedi *	Chairman	Non-Executive Professional
3.	Mrs. Sarala Parmar	Member	Non-Executive Independent
4.	Mr. Sanjay Trivedi	Member	Executive -Professional

# Upto 26-05-2023 * From 26-05-2023

All the recommendations made by the Audit Committee were accepted by the Board.

33. Nomination and Remuneration Committee:

The Nomination and Remuneration Committee is comprised of three directors. The
composition of the Remuneration Committee is as follows:

No.	Name	Designation	Category
1.	Mr. Ravikant Kailashchandra Modi#	Chairman	Non-Executive Independent
2.	Mr. Sanjay Trivedi *	Chairman	Executive Professional
3.	Mrs. Sarala Parmar	Member	Non-Executive Independent
4.	Mr. Bhavesh Trivedi	Member	Non-Executive Professional

# Upto 26-05-2023 * From 26-05-2023

All the recommendations made by the Nomination and Remuneration Committee were
accepted by the Board.

34. Corporate Governance:

Good corporate governance underpins the way we conduct business. Your Directors
reaffirm their continued commitment to the highest level of corporate governance
practices. Your Company fully adheres to the standards set out by the SEBI for corporate
governance practices. Your Company is consistent in maintaining the exemplary
standards of corporate governance in the management of its affairs and ensuring its
activities reflect the culture we wish to nurture with our colleagues and other
stakeholders.

35. Secretarial Standards of ICSI:

During the year under review, the Company has complied with Secretarial Standards 1 and
2, issued by the Institute of Company Secretaries of India (ICSI) read with the MCA
circulars issued from time to time.

36. Ratio of Remuneration:

The information pursuant to the provisions of Section 197(12) of the Companies Act,
2013 read with Rule 5(1) of Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014 in respect of employees of the Company and Directors is
furnished hereunder:

(Amount in hundreds)

Name and Designation	Remuneration	% increase	Ratio/Times
	for Financial	/(decrease)	per median of
	Year 2023-24	from	employee
		previous year	remuneration
Harish Kanta Srivastava (Director)	825	12.24%	N.A.

The particulars of the employees as required under Rule 5(2) and rule 5(3) of Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 are not
applicable to the Company as none of the employees of the Company was in receipt of
remuneration as prescribed under the said Rules.

37. Share Capital:

A) Buy Back of Securities

The Company has not bought back any of its securities during the year.

B) Sweat Equity

The Company has not issued any Sweat Equity Shares during the year.

C) Bonus Shares

No Bonus Shares were issued during the year.

D) Employees Stock Option Plan

The Company has not provided any stock option plan during the year.

38. Directors Responsibility Statement:

According to the provisions of Section 134(3)(c) of the Companies Act, 2013, the

directors confirm that:

a) in the preparation of annual accounts for the financial year ended 31^st March, 2024,
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;

b) the accounting policies as selected are consistently applied and made judgements
and estimates that are reasonable and prudent manner so as to ensure true and fair
view of the state of affairs of the Company as at 31^st March, 2024 and of the profit
of the Company for the year ended on that date;

c) adequate accounting records are maintained in accordance with the provisions of the
Act for safeguarding the assets of the Company and for preventing and detecting
fraud and other irregularities;

d) financial statements have been drawn up on a going concern basis;

e) the Directors have laid down internal financial controls to be followed by the
Company and that such internal financial controls are adequate and are operating
effectively; and

f) 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.

39. Cyber security governance:

Cyber security governance includes a board member overseeing the cybersecurity

strategy and the executive management team, accountable for managing cybersecurity.

The Senior Management track all the recent happenings related to cyber security risks on

ongoing and periodical basis and solves the related issues.

40. Acknowledgment:

Your director would like to express earnest regard to all employees for their ardent
enthusiasm and interminable efforts directed towards lodging significant and effective
contributions to the Company. Our heartiest gratitude is further undertaken to be rendered
to all our stakeholders. We look forward for bestowal of your continued support and
solidarity in future as we diligently strive to deliver enhanced value for our stakeholders.

Registered Office: For and on behalf of the Board

Shop No. 7, Ground Floor,

A Wing, Navkar Building,

Yashwant Gaurav Complex,

Nalasopara (West), Sd/- Sd/-

Palghar - 401 203. Harish Kanta Srivastava Sanjay Trivedi

DIN: 06874778 DIN: 09216074

Dated: 31^st August, 2024 Director Director

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Mar 31, 2015

Dear Members,

The Directors have pleasure in presenting their Thirtieth Annual Report together with the Audited Accounts of the Company for the year ended on 31st March, 2015.

1. FINANCIAL RESULTS: in Lakhs)

Year ended Year ended Particulars 31st March, 31st March, 2015 2014

A Total Revenue 1,22,65.30 28,20.62

B Total Expenses 1,21,49.90 2,746.54

C Profit/(Loss) Before Tax 115.40 74.08

D Tax expense

- Current Tax 39.00 15.00

- Deferred Tax 0.06 0.00

E Profit/(Loss) after Tax 76.34 59.08

2. Financial Performance

During the year under review, the Company has earned Total Revenue of ' 12,265.30 lakh in comparison to ' 2,820.62 lakh during the previous year. The Company has earned net profit after tax of ' 76.34 lakh in comparison of ' 59.08 lakh during the previous year. Your directors are hopeful of better performance in the forthcoming year. There was no change in the nature of the business of the Company during the year.

3. Dividend & Reserves

Your Directors abstain from declaring any dividend for the year and no amount of profit earned during the year was transferred to General Reserve.

4. Management Discussion & Analysis

Management Discussion & Analysis report is being given under Corporate Governance Report. There are no material changes between the end of the financial year and the date of the report which may affect the financial position of the Company.

5. Listing With Stock Exchanges

At Present, the Equity shares of the Company are listed at Bombay Stock Exchange Ltd.

6. Dematerialization of Shares

99.22% of the Company's paid up Equity Share Capital is in dematerialized form as on 31st March, 2015 and balance 0.78% is in physical form. The Company's Registrar and Transfer Agent is Purva Sharegistry (India) Private Limited. having their registered office at No.9, Shiv Shakti Industrial Estate, Ground Floor, J.R. Boricha Marg, Opp. Kasturba Hospital, Lower Parel, Mumbai - 400 011.

7. Internal Financial Controls

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

8. Finance & Accounts

The Company has not raised any finance by issue of any securities during the year. The Company has adequate financial resources at its disposal for carrying on its business. Details of transactions are given in the Notes to the Financial Statements.

Your Company prepares its financial statements in compliance with the requirements of Companies Act, 2013 and the Generally Accepted Accounting Principles (GAAP) in India. The financial statements have been prepared on historical cost basis. The estimates and judgments relating to financial statements are made on prudent basis, so as to reflect in a true and fair manner, the form and substance of transactions and reasonably present the Company's state of affairs and profit for the year ended 31st March, 2015.

9. Subsidiaries, Joint Ventures and Associates Companies

The Company does not have any Subsidiary/Joint Ventures/Associate Companies.

10. Deposits

The Company has not accepted any deposits within the meaning of Section 73 of the Companies Act, 2013, read with the Companies (Acceptance of Deposits) Rules, 2014

11. Extract of the Annual Return

The details forming part of the extract of the Annual Return in Form MGT-9 is annexed herewith as "Annexure A".

12. Statutory Auditors

(a) Comments and notes by auditors in the opinion of the management are self-explanatory and do not require any further comments.

(b) M/s. Satya Prakash Natani & Co., Chartered Accountants, Mumbai, retire at the ensuing Annual General Meeting and being eligible offer themselves for reappointment.

13. Secretarial Auditors

In terms of Section 204 of the Act and Rules made there under, M/s. Ramesh Chandra Bagdi & Associates, Practicing Company Secretary have been appointed as Secretarial Auditor of the Company. The report of the Secretarial Auditor is annexed as "Annexure B" to this report. The report is self-explanatory and do not call for any further comments.

14. Particulars Regarding Conservation of Energy, Technology Absorption

Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014 requires disclosure of the particulars regarding conservation of Energy and Technology absorption. The Company is not having manufacturing facilities of its own; therefore information required under this clause is not applicable to the Company.

15. Foreign Exchange Earnings / Outgo

The Company has neither incurred any expenditure nor earned any income in foreign exchange.

16. Corporate Social Responsibility (CSR)

The Company does not fall under the prescribed class of companies' u/s 135(2) of the Companies Act, 2013 read with Rule 8 of the Companies (Corporate Social Responsibility) Rules, 2014. Hence CSR is not applicable to the Company.

17. Human Resources

Your Company treats its "human resources" as one of its most important assets. Your Company continuously invests in attraction, retention and development of talent on an ongoing basis. A number of programs that provide focused people attention are currently underway. Your Company thrust is on the promotion of talent internally through job rotation and job enlargement.

18. Directors and Key Managerial Personnel

i. Appointment of Directors retiring by rotation:

Mr. Kailash Bhageria, Director of the Company will retire by rotation at the ensuing Annual General Meeting and being eligible offers himself for reappointment.

ii. Declaration by Independent Directors:

The Company has received declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence as prescribed both under the Act and Clause 49 of the Listing Agreement with the Stock Exchanges.

19. Meetings of the Board

The Board of Directors duly met 8 times during the financial year, the details of the same are being given in the Corporate Governance Report.

20. Vigil Mechanism

In order to ensure that activities of Company and its employees are conducted in a fair and transparent manner by adoption of highest standards of professionalism, honesty, integrity and ethical behavior the Company has adopted a vigil mechanism policy.

21. Particulars of Loans, Guarantees or Investments

Details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013 are given in the Notes to the Financial Statements.

22. Related Party Transactions

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 and that the provisions of Section 188 of the Companies Act, 2013 are not attracted. Thus disclosure in Form AOC 2 is not required. During the year, no material related party transactions were entered into with related parties by the Company. Details of transactions with related parties are given in the Notes to the Financial Statements.

23. Risk Management:

The Company has adequate internal controls in place at various functional levels and does not foresee any major risk such as financial, credit, legal, regulatory and other risk keeping in view the nature and size of its business.

24. Safety:

During the year under review, there were no cases filed pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

25. Significant and Material Orders Passed by the Regulators or Courts:

There are no significant and material orders passed by Regulators/Courts that would impact the going concern status of the Company and its future operations.

26. Material changes and commitments:

No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which this financial statement relates on the date of this report.

27. Board Evaluation:-

The Board of Directors has carried out an annual evaluation of its own performance, Board committees and individual directors pursuant to the provisions of the Act and the corporate governance requirements as prescribed by Securities and Exchange Board of India under Clause 49 of the Listing Agreements.

The performance of the Board was evaluated by the Board after seeking inputs from all the directors on the basis of the criteria such as the Board composition and structure, effectiveness of Board processes, information and functioning, etc.

The performance of the committees was evaluated by the Board after seeking inputs from the committee members on the basis of the criteria such as the composition of committees, effectiveness of committee meetings, etc.

The Board and the Nomination and Remuneration Committee reviewed the performance of the individual directors on the basis of the criteria such as the contribution of the individual director to the Board and committee meetings like preparedness on the issues to be discussed, meaningful and constructive contribution and inputs in meetings, etc. In addition, the Chairman was also evaluated on the key aspects of his role.

In a separate meeting of independent Directors, performance of non-independent directors, performance of the Board as a whole and performance of the Chairman was evaluated, taking into account the views of executive directors and non-executive directors. The same was discussed in the Board meeting that followed the meeting of the independent Directors, at which the performance of the Board, its committees and individual directors was also discussed.

28. Audit Committee:

The Audit Committee was constituted on 14th March, 2013. The Audit Committee is comprised of three Independent Directors. The composition of the Audit Committee is as follows:-

Sr. Members No. 1 Shri Vikash Jindal - Chairman

2 Shri Vimal Agrawal

3 Shri Ravikant Modi

All the recommendations made by the Audit Committee were accepted by the Board.

29. Corporate Governance:

Corporate Governance is an ethically driven business process that is committed to values aimed at enhancing an organization's brand and reputation. This is ensured by taking ethical business decisions and conducting business with a firm commitment to values, while meeting stakeholders' expectations. It is imperative that our company affairs are managed in fair and transparent manner. This is vital to gain and retain the trust of our stakeholders.

We comply with the Securities and Exchange Board of India (SEBI)'s guidelines on corporate governance. We have documented our internal policies on corporate governance. Several aspects of the act such as Whistle Blower Policy and Code of Conduct and Ethics, have been incorporated into our policies. A report on a Corporate Governance as required under clause 49 of the listing agreement with the Stock Exchange is appended as annexure to this report.

30. Ratio of Remuneration:

The information required pursuant to Section 197(12) read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and Companies (Particulars of Employees) Rules, 1975, in respect of employees of the Company and Directors is furnished hereunder:

Sr. Name Designation Remuneration No. FY 2014-15





1. Kailash Bhageria Whole 6,00,000 Time Director

2. Pawan Kumar Whole 4,80,000 Choudhary Time Director

Sr. Name % increase from Ratio/Times No. previous year per Median of Employee Remuneration

1. Kailash Bhageria N. A. 40

2. Pawan Kumar 21% 32 Choudhary

The particulars of the employees as required under Rule 5(2) and rule 5(3) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are not applicable to the Company as none of the employees of the Company was in receipt of remuneration as prescribed under the said Rules.

31. Share Capital

A) Buy Back of Securities

The Company has not bought back any of its securities during the year under review.

B) Sweat Equity

The Company has not issued any Sweat Equity Shares during the year under review.

C) Bonus Shares

No Bonus Shares were issued during the year under review.

D) Employees Stock Option Plan

The Company has not provided any stock option plan during the year under review.

32. Directors Responsibility Statement:-

According to the provisions of section 134(3)(c) of the Companies Act, 2013, the directors confirm that:

a) in the preparation of annual accounts for the financial year ended 31st March, 2015, 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;

b) the accounting policies as selected are consistently applied and made judgements and estimates that are reasonable and prudent manner so as to ensure 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) adequate accounting records are maintained in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

d) financial statements have been drawn up on a going concern basis.

e) the Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and

f) 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.

33. Acknowledgment

Your directors take the opportunity to record their deep sense of gratitude for the valuable support and cooperation extended to the Company by its shareholders and bankers.

Registered Office: For and on behalf of the Board

413 V Star Plaza, Chandavarkar Road, Kailash Bhageria Borivali (West), DIN: 01798209 Mumbai - 400 092. Chairman Dated: 30th May 2015

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Mar 31, 2013

To, The Members of Maa Jagdambe Tradelinks Limited

Dear Shareholders,

The have pleasure in presenting the Annual Report together with the Audited Statement of Account of your company for the year ended 31st March 2013.

1. FINANCIAL RESULTS:

Year ended Year ended Particulars 31st March, 2013 31st March, 2012 Rupees Rupees

Total Income / (Loss) From Operation 1,24,56,381 14,33,18,678

Less: Expenses 1,24,36,033 14,40,37,000

Profit / (Loss) before Tax 20,348 (7,18,322)

Profit / (Loss) before Tax 20,348 (7,18,322)

Less: Provision for Taxation 36,966 0

Profit / (Loss) after Tax (16,618) (7,18,322)

2. OPERATIONS

During the year under review, the company has earned Profit before tax of Rs. 20,348/- in comparison to loss of Rs. 7,18,322/- during the previous year. The Company has incurred net loss of Rs. 16,618/- in comparison to net loss of Rs. 7,18,322/- during the previous year. The directors are hopeful that the Company will come out of red during the forthcoming financial year.

3. DIVIDEND

In view of losses, your directors express their inability to declare any dividend for the year.

4. MANAGEMENT DISCUSSION AND ANALYSIS (MD&A):

The global economic conditions remained subdued during the previous year. There was volatile movement of prices in the market. However, increased liquidity in the developed economies is impacting sentiments and boosting consumption as well as investment. The situation is improving and we are hoping for good investment environment in the country. The company is trying to keep up with the pace of growth of the Indian market. The company is building various earning platform for the forthcoming year to come out with flying colors.

5. DEPOSITS

The company has not accepted any deposit from the public within the meaning of Section 58A of Companies Act, 1956 and the rules made there under during the year.

6. DIRECTORS

Mr. Vikas Jindal was appointed as an additional director pursuant to the provisions of Section 260 of the Companies Act, 1956 with effect from 14th March, 2013. In terms of section 260 of the Companies Act, 1956 he holds office upto the conclusion of ensuing Annual General Meeting and being eligible offers himself for reappointment. The Company has received a notice in writing pursuant to Section 257 of the Companies Act, 1956, proposing his candidature for the office of a Director.

Mr. Vimalkumar Agrawal was appointed as an additional director pursuant to the provisions of Section 260 of the Companies Act, 1956 with effect from 14th March, 2013. In terms of section 260 of the Companies Act, 1956 he holds office up to the conclusion of ensuing Annual General Meeting and being eligible offers himself for reappointment. The Company has received a notice in writing pursuant to Section 257 of the Companies Act, 1956, proposing his candidature for the office of a Director, liable to retire by rotation.

Mr. Ravikant Modi was appointed as an additional director pursuant to the provisions of Section 260 of the Companies Act, 1956 with effect from 14th March, 2013. In terms of section 260 of the Companies Act, 1956 he holds office up to the conclusion of ensuing Annual General Meeting and being eligible offers himself for reappointment. The Company has received a notice in writing pursuant to Section 257 of the Companies Act, 1956, proposing his candidature for the office of a Director, liable to retire by rotation.

In Accordance with Articles of Associations of the Company Mr. Hemant Parasrampuria and Mr. Jaiprakash Joshi, Directors of the Company retires by rotation at the forthcoming Annual General Meeting and being eligible, offers themselves for re-appointment.

7. DIRECTOR RESPONSIBILITY STATEMENT

Pursuant to the requirement under section 217 (2AA) of the Companies Act, 1956, with respect to the Directors'' Responsibility Statement, it is hereby confirmed that:

i) in the preparation of the annual accounts for the year ended March 31, 2013, the applicable accounting standards read with requirements set out under Schedule VI to the Companies Act, 1956 have been followed and no material departures from the same;

ii) the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of state of affairs of the Company as at March 31, 2013 and of the loss of the Company for the year ended on that date;

iii) the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; and

iv) the Directors have prepared the annual accounts of the Company on a ''going concern'' basis.

8. AUDITORS:

Observations of the auditors are self-explanatory and do not require further comments.

M/s. S. Chandulal & Co., Chartered Accountants, Mumbai has resigned from the office of statutory auditors to carry out the statutory audit of the Company for the F. Y. 2013-14. Your directors propose to appoint M/s. More & More, Chartered Accountants, Mumbai as statutory auditors of the Company in the forthcoming Annual General Meeting of the Company by the members.

9. AUDIT COMMITTEE

The Company has constituted an Audit Committee of Directors as required under section 292A of the Companies Act, 1956 and corporate governance requirement of the listing agreement. Some of the terms of reference of audit committee are to review the financial reporting process and to examine accountancy, Taxation and disclosure aspect of significant transactions.

10. CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION:

Section 217(1)(e) read with the Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988, require disclosure of the particulars regarding conservation of Energy and Technology absorption. The Company not being a manufacturing Company, the same is therefore not applicable to it.

11. FOREIGN EXCHANGE EARNINGS & OUTGO

The Company has neither incurred any expenditure nor earned any income in foreign exchange.

12. CORPORATE GOVERNANCE

In terms of clause 49 of the Listing Agreement with the Stock Exchanges a report on the corporate Governance is appended as annexure to this report.

13. PARTICULARS OF EMPLOYEES

As there were no employees drawing remuneration more than the limit prescribed under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of the employees) Rules 1975 , as amended from time to time, statement under section 217(2A) is not annexed.

14. ACKNOWLEDGMENT

Your company and its Directors wish to take this opportunity to offers their sincere thanks to various departments of the Central / State Government, Financial Institutions, Banks and Investors for their valuable support and assistance.

By order of the Board of Directors

MAA JAGDAMBE TRADELINKS LIMITED

HEMANT PARASRAMPURIA

DIRECTOR

Place: Mumbai

Date: 31-05-2013.

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Mar 31, 2011

The Directors have pleasure in placing before you the Twenty Sixth Annual Report of the Company along with the Audited Statement of accounts for the year ended 31st March 2011.

FINANCIAL RESULTS (Rs.in Lacs)

PARTICULARS 2010-11 2009-10

Profit /(Loss) Before Tax (0.26) (01.12)

Less: Provision for Tax Nil Nil

Net Profit/(Loss) After Tax (0.26) (0.12)

Add/(Less): Balance brought forward (1648.25) (1618.13)

Balance carried to Balance Sheet (1648.51) (1640.25)

DIVIDEND:-

In view of losses your directors recommend NIL dividend for the year ended 31st March, 2011.

DIRECTORS:-

Shri Hemant Parasrampuria retires from the Board by rotation and being eligible offer himself for reappointment.

PARTICULARS REGARDING EMPLOYEES:

The Company has not paid any salary & accordingly the provisions of Companies (Particulars of Employees) Rules, 1975 as amended does not apply.

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

The particulars of Conservation of Energy do not apply to your Company, your Company not being a manufacturing company. The Company has not upgraded and absorbed any Technology and there is no foreign exchange earnings or out go Mooring the year under review.

AUDITORS:-

(A) Appointment:

The retrying Auditors M/s. S Chandulal &Co, Chartered Accountants have furnished the necessary Certificate u/s. 224(1B) of the companies Act, 1956. The Board recommends their re-appointment.

(B) Reply to" Auditors 'Remarks:

1.With regards to the rejection of application RBI for registration to carry on the business of NBFC and non compliances of the conditions set out in the rejection letter by RBI the management would like to inform that the company is in the process of discounting the business of NBFC.

2 Other Remarks or qualifications are self explanatory and does not require any further clarifications or explanations.

COMPLIANCE CERTIFICATE:-

The compliance corticated issued by a company secretary in practice as per the provisions of Section 383A(1) of the Companies A 1956 is attached hereto *

DIRECTORS' RESPONSIBILITY STATEMENT:-

Pursuant to Section 217(2AA) of the Companies Act, 1956 the Directors confirm; that in preparation of the Annual Accounts the applicable accounting standards have been followed Appropriate accounting policies have been seated and applied consistently, and have made judgment 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 2011 and of the Loss of the Company for the financial year ended on that date. Proper and judgment are has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities and the annual accounts have been prepared on a going concern basis.

By the order of the

Board of Directors

PLACE: MUMBAI

DATED: 11.07.2011 DIRECTORS

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Mar 31, 2010

The Directors have pleasure in placing before you the Twenty Fifth Annual Report of the Company along with the Audited Statement of Accounts for the year ended 31st March 2010.

FINANCIAL RESULTS (Rs. in lacs)

PARTICULARS 2009-10 2008-09

Profit/(Loss) Before Tax (0.12) (0.21)

Less: Provision for Tax NIL NIL

Net Profit / (Loss) After Tax (0.12) (0.21)

Add: Prior year tax adjustment NIL NIL

Add/(Less): Balance brought forward (1648.13) (1647.92)

Balance carried to Balance Sheet (1648.25) (1648.13)

DIVIDEND

Your Directors recommend NIL dividends for the year ended 31st March, 2010.

DIRECTORS

Shri Jay Prakash Joshi retires from the Board by rotation and being eligible offer himself for reappointment

PARTICULARS REGARDING EMPLOYEES:

None of the employee of the Company was in receipt of remuneration exceeding limits prescribed u/s 217 (2A) read with the Companies (Particulars of Employees) Rules, 1975 as amended up-to-date.

PARTICULARS OP ENERGY CONSERVATION. TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:-

The particulars of Conservation of Energy do not apply to your Company, your Company not being a manufacturing company. The Company has not upgraded and absorbed any Technology and there was no foreign exchange earnings or outgo during the year under review.

AUDITORS :-

(A) Appointment:

The retiring Auditors M/s. S Chandulal & Co., Chartered Accountants have furnished the necessary certificate u/s. 224(1B) of the companies Act, 1956. The Board recommends their re-appointment.

(B) Reply to Auditors' Remarks:

1. With regards to the rejection of application by RBI for registration to carry on the business of NBFC and non compliances of the conditions set out in the rejection letter by RBL the management would like to inform that the company is in the process of discontinuing the business of NBFC.

2. Other remarks or qualifications are self explanatory and does not require any further clarifications or explanations.

COMPLIANCE CERTIFICATE

The Compliance Certificate issued by the Company Secretary in practice as per the provisions of Section 383A(1) of the Companies Act 1956 is attached hereto.

DIRECTORS' RESPONSIBILITY STATEMENT-.

Pursuant to Section 217(2AA) of the Companies Act, 1956 the Directors confirm; that in preparation of the Annual Accounts, the applicable accounting standards have been followed Appropriate accounting policies have been selected and applied consistency, and have made judgement 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, 2010 and the Loss for the period 1st April, 2009 to 31st March, 2010. Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities and the annual accounts have been prepared on a going concern basis.

By the order of the Board of Directors

PLACE: MUMBAI

DATED: 12.07.2010 DIRECTORS