Directors Report of Patidar Buildcon Ltd.

Mar 31, 2024

Your Directors have pleasure in presenting their B5¹Annual Report on the business and
operations of the Company and the accounts for the Financial Year ended March 31. 2024.

1. FINANCIAL SUMMARY& HIGHLIGHTS:

The summarized Audited Standalone Financial Performance of your Company for die
Financial Year 2023-24 and the previous Financial Year 2022-23 is tabled below:

PARTICULARS	2023-24	2022-23
Revenue from Operations	23.08	96.23
Other income	48.20	21.51
Total Income	71.28	117.74
Less: Depreciation	1.27	1.81
Profit/Ioss before Finance Costs. Exceptional items and Tax Expense	14.71	2.58
Less: Finance Cost	23.04
Profit/loss before Exceptional items and Tax Expense	(8.33)	2.58
Less: Exceptional Items	-	-
Profit / [Loss] Before Tax	33L	2.58
Provision for Tax & Deferred Tax	1.23	0.37
Profit / (Loss) After Tax	(9-56)	2.21
Other Comprehensive income (net of tax effect)		-
Total Comprehensive income	(9.56)	2.21
Earnings Per Share	-0.17	0.04

Key Financial Highlights & Comparison with the Previous Financial Year:

♦> Total Income decreased to Rs. 23.08 Lakhs in comparison to Rs. 96.23 Lakhs of
Previous Financial Year 2022-23.

♦> PBT decreased to Rs. (8.33) Lakhs in comparison to Rs. 2.58 Lakhs of Previous
Financial Year 2022-23.

•> PAi decreased to (9.56) Rs. Lakhs in comparison to Rs. 2.21 Lakhs of Previous
Financial Year 2022-23.

•> EPS decreased to Rs. -0.17 in comparison to Rs. 0.04 of previous financial year 2022-
23.

Further, the Audited Standalone Financial Statements for the Financial Year 2023-24,
forming part of this Annual Report, have been prepared in accordance with the Schedule III
and Indian Accounting Standards (Ind-AS) 35 notified by the Ministry of Corporate
Affairs (MCA) and The Securities Exchange Board of India (SEBI) read with the provisions of
Section 133 of the Companies Act, 2013 and Companies (Indian Accounting Standard)
Rules, 2015.

2. STATE OF AFFAIRS AND REVIEW OF OPERATIONS AND WAY AHEAD

The Company is registered at Registrar of Companies Ahmedabad on 16—May. 1989 having
and is Corporate Identification NumberL99999G119S9PTC058691.

The Company is engaged in to Real Estate Activityyour company has clocked revenue from
operation at Rs. 23.08 lakhs as compared to Rs. 96.23 lakhs in the previous financial year
2022-23. The Profit after tax was at Rs. (9.56) Lakhs during the year. The company''s focus
now is to grow the topline while maintaining the profitability. Operating in the present,
with an eye on the future, we are driven by our grow and deliver strategy.

• VlS10N:To be the most sustainable and competitive company in our industry.

• MISSION¹: To come up with Innovative Construction concepts with bestcompetitive
quality and pricing for our valuable customers.

• SEGMENT-WISE POSITION OF BUSINESS AND ITS OPERATIONS: The Company is
currently engaged In only one business i.e. of Real estate. Accordingly there is no
segments of business activity of the Company

• CHANGE IN STATUS OF THE COMPANY:The status of the company has not been
changed during the financial year 2023-24. ¹

• CHANGE IN THE FINANCIAL VEAR:The Company has not changed its financial year
during the year.

• CAPITAL EXPENDITURE PRQGRA.MMES:Not Applicable

• DETAILS AND STATUS OF ACQUISITION, MERGER. EXPANSION

MODERNIZATION AND DIVERSIFICATION:.^ Applicable

• PjyJEL.O-EMENXSi_AC.qUlSUmN_AND_ASSIGNMENT_Of_MATERIAL

INTELLECTUAL PROPERTY RlGHTS:Not Applicable

• ANY .OTHER MATERIAL EVENT HAVING AN IMPACT ,QN THE AFFAIRS. OF THE
COMPANV:No other material events have occuiTed during the financial year 2023-
24 which impact on the affairs of the Company.

• PERFORMANCE OF THE COMPANY: The overall performance of the company
during the financial year 2023-24 is satis facto rv. The company has focused to carry
out various construction projects during the year by adopting latest technology’ and
Innovative techniques in the projects which ultimately leads to faster construction
and customer satisfaction. Besides, the companyis very conscious on the quality
control matter.

3. DIVIDEND:

With a view to enlarge the business operations by way of reinvesting the profit of the
Company in the business activities of the Company, the directors did not recommend
3nv Dividend for the Year 2023-24.

4. IHE.AM.Q-UNTS, IE ANY. WHICHJTPRQRQSE^XO-CARRY-TQ-ANTEESERVES:

The company’ has not transferred any amount to the reserves from the profit for the
financial year 2023-24.

5. DIRECTORS AND KEY MANAGERIAL PERSONNEL;

Your Company¹ is having dynamic, qualified, experienced, committed and versatile
professionals in the Management of the Company. The Composition of Board of Director
during the financial y^rear 2023-24 under review is as follows:

Name of Key Managerial Personnel Designation
MR. RAJNIKANT RAMJ1BHA1 PATEL	CHAIRMAN & MANAGING DIRECTOR
MR. DHIRAJLAL RAMJIBHAI PATEL	NON EXECUTIVE NON INDEPENDENT DIRECTOR
MR MEHUL SAVANI*	NON EXECUTIVE INDEPENDENT DIRECTOR
MS. MILAN PATEL	NON EXECUTIVE INDEPENDENT WOMAN DIRECTOR
MR VAIDEHI DHARMENDRASINH CHUDASAMA	COMPANY SECRETARY ^COMPLIANCE OFFICER
MR DHARMENDRA DALSUKHBHAI SHAH	CHIEF FINANCIAL OFFICER

♦During the year Mr. Mehul Sureshbhai Savani has been appointed as an additional Non¬
executive Independent director of the company w.e.f. 05.07.2023 which was subject to
shareholders'' approval and it has regularise the appointment in the annual general meeting
held on 26.09.2023.

The Board of Directors of your Company are fully committed to steering the organization
for long-term success through setting of strategies, delegating responsibilities and
providing an overall direction to the business, while effectively managing risks and
ensuring high quality of governance by keeping the Company on the path of Sustainable
growth and development.

In accordance with the provisions of Section 152(6) of the Companies Act. 2013 and in
terms of the Memorandum and Articles of Association of the Company. Mr. Dhirajlal Patel
(DIN: 02082578), Director of the Company retires by rotation 3t this ensuing Annual
General Meeting and has offered himself for reappointment.

Further, all the Directors of the Company have confirmed that they are not disqualified
from being appointed as Directors in terms of Section 164 of the Companies Act, 2013.

Also, pursuant to Schedule V(C)(10)(i) of SEBI (LODR) Regulation, 2015 j the Company has
received a certificate from Practicing Company Secretary stating that the Directors of the
Company are not debarred or disqualified by the SEBI / Ministry* of Corporate Affairs or
any such statutory authority.

During the year under review, the non-executive directors of the Company had no
pecuniary relationship or transactions with the Company, other than sitting fees,
commission and reimbursement of expenses incurred by them for the purpose of attending
meetings of the Board/Committee of the Company.

The Company has received declarations from all the Independent Director of the Company
confirming that they meet with the criteria of independence as prescribed under sub¬
section 6 of Section 149 of the Companies Act. 2013 and under Regulation 16 [b) of SEBI
[Listing Obligations and Disclosure Requirements) Regulation 2015 and complied with the
Code for Independent Directors prescribed in Schedule IV to the Act.

6. MEETINGS OF BOARD OF DIRECTORS AND COMMITTEES:

During the Financial Year under review, the Board of Directors of the Company met for S
[Eight) times for various agenda items of the Company, the same which were circulated
well in advance to the Board.

The following are the dates on which the Board Meetings and Committee Meeting held
during the vear under review:

Sr. No.	Board Meeting	Audit Committee Meeting	Stakeholder Committee Meeting	NRC Committee Meeting	ID Committee Meeting
. 1	10-04-2023	30-05-2023	30-06-2023	10-04-2023	14.02.2024
2	30-05-2023	14-03-2023	30-09-2023	05-07-2023
3	05-07-2023	09-11-2023	30-12-2023
4	14-0S-2023	14-02-2023	30-03-2024
5	28-0S-2023
6	09-11-2023
7	14-02-2024

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

7. CQMMITEES OF THE BOARD OF THE COMPANY:

The company has several committees which have been established as a part of best
corporate governance practices and are in compliance with the requirements of the
relevant provisions of applicable law''s 3nd statues.

The Board has constituted following Committees:

> Audit Committee

> Nomination and Remuneration Committee

> Stakeholder''s Relationship Committee

> Internal Complaints Committee

8. ANNUAL RETURN:

The Annual Return of the Company as on March 31, 2024 is available on the Company''s
website and can be accessed at (www.patidarbuiIdconltd.in).

9. STATUTORY AUDITORS &AUD1T REPORT:

Pursuant to the provisions of Section 139 of the Companies Act. 2013 Shah Thacker &
Co.. Chartered Accountants. (FRN: 129967W). have been appointed as statutory auditors
of the company at the 33^rdAnnual General Meeting held on September 26, 2022 to hold
office till the conclusion of Annual General Meeting of the Company for financial year
2026-27.

The Report given by the Auditors on the financial statement of theCompany is part of this
Report. There has been no qualification,reservation, adverse remark or disclaimer given
by the Auditors intheir Report. TheAuditors comments on your company''s accounts for
year ended March 31, 2024 are self-explanatory in nature and do not require any
explanation as per provisions of Section 134(3)(f) (i) of the Companies Act. 2013.

10.DISCLOSURE QF REPQRTlN.CLQ£JRAUlj-BlAUDlT.QRS.UNDERSJE£IlQN.I4lU2h

During the financial year 2023-24, neither the Statutory’ Auditor nor the Secretarial Auditor
of the Company has reported to the audit committee any instance of fraud committed
against the Company by its employees or officers under section 143(12), the details of
which need to be reported in Board’s Report.

11.INTER.VAL AUD.it &INTERNAL FINANCE CONTROLS:

The Board has adopted the poiicies and procedures for ensuring the orderly and efficient
conduct of its business, including adherence to the Company''s policies, safeguarding of its
assets, prevention and detection of frauds and errors, the accuracy and completeness of the
accounting records 3nd the timely preparation of reliable financial disclosures.The reports
of Internal Audit are reviewed by the Audit Committee of the Board.

The Company has appointed M/s. Saurabh Patel ^Associates (FRN.144650W),

Chartered Accountants as an Internal Auditor of the Company in the Board meeting held on
30th May. 2023 for the financial year 2023-24.M/S. Saurabh Patel ^Associates. Chartered

Accountantshas provided the Internal Audit report from 01^st April 2023 to 3lⁿ March,
2024.

12.C.QSlLRECflRP&

Pursuant to Secrion-143 (1) of the Companies Act, 2013 read with Rule 3 of Companies
(Cost Records and Audit) Rules. 2014, Company does not fall under the criteria for
maintaining cost record for the financial year 2023-24.

13.SECRETARIAL AUDITORS AND SECRETARIAL AUDIT REPORT:

Pursuant to section 204 of the Companies Act, 2013 and the Companies (Appointment and
Remuneration of Managerial Personnel) Rules 2014. the company has appointed M/s. A.
SHAH & ASSOCIATES,Practicing Company Secretaries to undertake the Secretarial Audit of
the Company. The Secretarial Audit Report is enclosed as Annexure -Ito the Board''s
Report.

14. 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 Companies Act, 2013
and the corporate governance requirements as prescribed by Securities and Exchange
Board of India ("SEBi'''') under Regulation 17 to 27 and clauses (b) to (i) of sub-regulation
(2) of regulation 46 and para C, D ar.d E of Schedule V of SEBI (Listing Obligation and
Disclosure Requirement) Regulation 2015.

The Board and the Nomination and Remuneration Committee (''‘NRC") 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.

15. DEEOS1TS:

Your company has not accepted any deposits from the public within the provisions of
Section 73 to 76 of the Companies Act. 2013. Hence, the disclosures required as per Rule
S(5)(v)&(vi) of the Companies (Accounts) Rules. 2014, read with Section 73 to 76 of the
Companies Act, 2013 are not applicable to the Company.

16. EOREIGSJES^

The Company has not earned any Foreign Exchange by the way of Export Sales and has not
incurred any Expenditure in Foreign Exchange during the Financial Year 2023-24.

17. V1G1L MECHANISM:

In pursuant to the provisions of section 177 (9) & (10) of the Companies Act, 2013, and
Regulation 22 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations,
2015 a Vigil Mechanism for directors and employees to report genuine concerns has been
established. The Vigil Mechanism Policy has been uploaded on the website of the Company
at www.patidarbuildconltd.in under investors / policy documents / Vigil Mechanism Policy
link.

18. CQNSERVAT 1 ERQX&XECHNQJlilGy ABS.Q RPTJQN:

fa''i(“!nnt;prv\at''irsn of pr>pr<7v-

ja. fin	the steps taken or impact on conservation of energy the steps taken by the company for utilizing alternate sources of energy	N.A N.A
Oiil	the capital investment on energy conservation eouipment''s	N.A

(b) Technology absorption:

CO	the efforts made towards technology absorption	N.A
00	the benefits derived like product improvement, cost reduction, product development or import substitution	N.A
Cm)	in case of imported technology (imported during the last three years reckoned from the beginning of the financial year)-	N*A
	(a) the details of technology imported	N.A
	(b) the year of import;	N.A
	(c) whether the technology been fully absorbed	N*A
	(d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof	N.A
Civ)	the expenditure incurred on Research and Development	N.A

The Board has on the recommendation of Nomination and Remuneration / Compensation
Committee framed a policy on directors'' appointment and remuneration of Directors
including criteria for determining qualification, positive attributes, independence of
directors and remuneration for Directors, Key Managerial Personnel and other employees.
The policy is annexed to this report as "Annexure If \

2 0. PABIlilUJAB^JQ£XQ^XBAC.T$-QKARRANG£MENXS-A\TXIl-R£LAT-5P. PARTIES;

All Related Party Transactions those were entered during the financial year were in
ordinary course of the business of the company and were on arm''s length basis. There were
no materially significant related party transactions entered by the Company with
Promoters, Directors, Key Managerial Personnel or other persons which may have a
potential conflict with the interest of the company.

All such Related Party Transactions are placed before the Audit Committee for approval.

The policy on materiality of P^elated Party Transactions and also on dealing with Related
Party Transactions as approved by the Audit Committee and the Board of Directors is has
been uploaded on tire website of the Company at www.patidarbuildconlimited.in under
investors/policv documents/Related Party Transaction Policy.

The particulars of every contract or arrangements entered into by the Company with
related parties referred to the sub-section (1) of section 1SS of the Companies Act, 2013,
3re disclosed in Form No. AOC-2 .Annexure: Ilf the same forms part of this report,
pursuant to Section 134 (3) (h) of the Act read with rule 8(2) of the Companies (Accounts)
Rules, 2014.

21 ¦ EA RTLCl!i_rtARS^£iJ-G-UA RANT £ E$_Q_RJ NYE SI ME N-T.S_L‘KD£ R_S fCT :

In terms of provisions of Section 134(3)(g), there was no Loans Guarantees Or
investments provided by company as per section 186 of the companies act, 2013. However
The Particulars of Loans. Guarantees or Investments under Section 186, is annexed hereto
as "Annexure IV" and forms part of this Report.

A. The ratio of the remuneration of each director to the median employee''s remuneration
and other details in terms of sub-section 12 of Section 197. of the Companies Act, 2013
read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial
Personnel) Rules. 2014. are forming part of this report as Annexure V".

B. The statement containing particulars of employees as required under Section 197(12)
of the Companies Act, 2013 read with Rule 5(2) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 is not provided as no employees is
paid remuneration of Rs. 8.5 Lac Per month and Rs. 1.02 Cr. Per Annum if employed for
the whole year.

23. CORPORATE SQCLAL RESPONSIBILITY fCSRh

The Board of Directors of your company hereby confirms that the provisions of section
135(1) of the Companies Act, 2013 and Rule 9 of the Companies (Corporate Social
Responsibility Policy) Rules, 2014 Is not applicable to our company for the financial year
2023-24.

24. HlJjV[ A&HE.S-QimCES;

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 The Company''s Health and Safety’ Policy commits to provide
a healthy and safe work environment to all employees.

25.SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION

Disclosure under Section 22 of the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013:

Pursuant to Section 22 of the Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013, the company has setup the Internal complaints
committee and the S3id committee has framed policy for prevention of sexual harassment
at work place in accordance with the section 22 of the Sexual Harassment of Women at
Workplace (Prevention, Prohibition andRedressal) Act, 2013. However, during the year no
complaints were received by the Internal Complaints committee for sexual harassment
from any of the women employees of the company.

26. CHANGE IN NATURE OF THE BUSINESS:

There has been no change in the nature of business of the company during the year under

review.

27. MAKAMMENl.QISXjdSSICMAISdP-AN''AJLAISlS.:

As per corporate governance norms, a separate section on Management Discussion and

Analysis outlining the business of the Company is set out in Annexure forming part of this

Report.

28.SIGNIFICANT OR MATERIAL ORDERS AGAINST COMPANY:

No significant and material orders were passed by the regulators or couits or tribunals

impacting the going concern status and Company’s operation in future.

29.SIGNIFICANT QR MATERIAL EVENTS QCCUR1NG AFTER THE BALANCE SHEET

DATE:

There has been no significant or material events occurred after the balance sheet date.

30.DIRECTORS’ RESPONSIBILITY STATEMENT:

Pursuant to requirement under Section 134(3)(c) and Section 134(5) of the Companies Act.

2013 (Act), Directors, confirm that:

(3) in the preparation of the annual accounts for the year ended on 3iⁿ March, 2024,
the applicable accounting standards read with requirement set out under Schedule
III to the Act, have been followed and there are no material departures from the
same:

(b) 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 March 31, 2024 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 the Act for safeguarding the
assets of the company and for preventing and detecting fraud and other
irregularities:

(d) the Directors had prepared the annual accounts on a going concern basis;

(e) the Directors, had laid down intemaJ financial controls to be followed by the
company and that such internal financial controls are adequate and are operating
effectively 3nd

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

31. CORPORATE GOVERNANCE:

Further, this is to inform you that the paid up equity Share capital of the Company and net
worth of the Company as on 31st March, 2024 does not exceed the stipulated criteria of
rupees ten crcre and rupees twenty five crore respectiveiy.Hence, Regulation - 17 to 27
and Regulation - 46 (2) (b) to (i) and para C. D and E of Schedule V shall not apply to the
Company and the Company is exempt from filing Regulation 27(2] Corporate Governance
Report to BSE under SEBI (Listing Obligation & Disclosure Requirements) Regulations,
2015.

32. JMSKMAMAGfiMEKI

Your Company has adopted and implemented a Risk Management Policy voluntarily which
includes identification of elements of risk, if any. which in the opinion of the Board may
threaten the existence of the Company.

33. SHAREHOLDING PATTERN;

The shareholding pattern as on 31.03.2024:

m So.		No. 01 Shares held at the end of pi financial Year. 31.03.2023			''evious	So. Of Shares held at the end Of the Year: 31.03.2024
	Category Of Shareholder	Demat	Physical	Total Shares	Total 46	Demat	Physical	Total Shares	Total %	% Change
	(Shareholding Of Promoter And Promoter Group)
1.	INDIVIDUAL f HUF	1154000	0	1154000	20.98	1154000	0	1154000	20.98	0.00
	Total Shareholding of Promoters	1154000	0	1154000	20.98	1154000	0	1154000	20.98	0.00
(B) Public Shareholding
2.	Bodies Corporate	665739	300200	965989	17.56	799940	300200	1100140	2000	2.44
3.	Individual
	(Capital Upto To Rs. 2 Lakh}	906544	236870	1143414	20.79	671269	182970	854239	1553	*152

	f Capital Greater Than Rs. 2 Lakh]	1253239	731100	1964535	35.71	1344399	784500	2128899	38.70	-0.74
4.	Any Others I''Specitv]
	Hindu Undivided Familv	271313	0	271513	4.93	261777	0	261777	4.76	-0.17
	Clearing Member	0	0	0	0	0	0	0	0	0
	Non Resident Indians (NRI)	1515	0	1515	0.03	1515	0	1515	0.03	0
5.	IEPF	0	0	0	0	0	0	0	0	0
	Total Public Shareholding	3078400	1268170	4346570	0	3078900	1267670	4346570	79.02	0
	Grand Total	4232400	1268170	5500570	100.00	4232900	1267670	5500570	100.00	0

34, DETAILS OF SUBSIDIARYIOINTA;ENTUR^ ANQ, ASSOCIATES COMPANY

During the year under review there is no Company which have become or ceased to be the
Subsidiaries, joint ventures or associate companies of Our Company.

36. ACKNOWLEDGEMENT:

Your Directors wish to place on record their gratitude and sincere appreciation for the
assistance and co-operation received from the financial institutions, banks, Government
authorities, customers, vendors and members during the year under review.

Your Directors would like to express a profound sense of appreciation for the commitment
shown by the employees in supporting the Company in its continued robust performance
on all fronts.

PLACE: SURENDRANAGAR BY ORDER OF THE BOARD OF DIRECTORS,

DATE: 14.08.2024 FOR. PATIDAR BUILDCON LIMITED

_sd_

MR. RAJNIKANT PATEL
MANAGING DIRECTOR
(DIN: 01218436)

1

KEY BUSINESS DEVELQPMENTS:Companv is working in the field as already
conducted by it in the previous year. However company has changed the turnover
by which it was working in the segments.

---

Mar 31, 2014

Dear Members,

The Directors have pleasure in presenting the Twenty-Eighth Annual Report of the Company together with the Audited Accounts for the financial year ended on 31st March 2014.

1. Financial Results (Rs. in lacs)

Particulars FY 2013-14 FY 2012-13

Sales 309.79 648.78

Other income 2.60 2.47

Depreciation 0.24 0.12

Other expenses 15.95 24.05

Profit/ Loss before Tax 23.82 4.47

Profit/Loss after Tax 16.37 2.91

During the year company could not achieve reasonable level of growth in terms of turnover. However, Company has achieved reasonable level of profits during the year. Turnover of the company has been decreased in comparison to the previous year due to slow down in the field of real estate business; Company has diversified and expanded its activities in various types of trading business. The company will try to achieve the performance as previous year in terms of turnover in next year by making more initiative in the activities of the company.

2. Personnel

Your directors'' wish to place on record their appreciation for the contribution to growth of the business made by employees at all levels. Information as required pursuant to section 217(2A) of the companies Act, 1956 has not been given, as it is not applicable.

3. Auditors

M/s. K. C. Parikh & Associates, Chartered Accountants, Statutory Auditor of the Company, (Firm Registration No.: 107550W) holds office until the conclusion of the ensuring Annual General Meeting. As per newly inserted Section 139 of the Companies Act, 2013, they are to be appointed for a term of five consecutive financial years, for which necessary resolution is put to vote in this AGM, as stated in the item no. 3 of the notice, they are eligible for appointment to conduct statutory audit. The company has received certificate from the auditor to the effect that their appointment if made, would be within the prescribed limits under the Companies Act.

Notes to the accounts referred to in Auditor''s report are self explanatory and therefore do not call for any further comments.

4. Deposits

During the year under review, Company has not accepted any Deposits falling under Section 58A of Companies Act, 1956.

5. Energy, Technology And Foreign Exchange

The additional information required to be disclosed in terms of notification No.1029 dated 31st December, 1998 issued by the Department of Company Affairs, Ministry of Finance is not applicable.

6. Directors'' Responsibility Statement

Pursuant to Section 217(2A) of Companies Act, 1956, the Directors confirm that:

i. In the preparation of Annual Accounts, appropriate accounting standard have been followed.

ii. Appropriate accounting policies have been selected and applied consistently and judgments and estimates made that are reasonable and prudent so as to give true and fair view of state of affairs of the company at the end of financial year ended 31st March, 2014.

iii. Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of Companies Act, 1956 for safe guarding the assets of the company and for preventing and detecting fraud and other irregularities.

iv. The Annual Accounts have been prepared on going concern basis.

7. Directors:

As per provisions of Section 152(6) of the Companies Act, 2013, Mr. Dhirajlal Patel, Director liable to retire by rotation, appointed as a Director at the general meeting. Mr. Navinchandra Parmar and Mr. Ishwarbhai Patel are being appointed as Independent Directors for consecutive five financial years as per provisions of Section 149 of the Companies Act, 2013. Mrs. Bhavnaben Patel is being appointed as a Woman Director as per provisions of Section 149 of the Companies Act, 2013. Ms. Ekta Maheshwari, Mr. Kiritkumar Khetani, Mr. Ramjibhai Patel and Mr. Pravinkumar Patel, has resigned from the Directorships of the Company during the year. Necessary resolutions for the appointment / re-appointment of the aforesaid directors have been included in the notice convening the ensuing AGM and details of the proposal for appointment / re-appointment are mentioned in the explanatory statement of the notice. Your directors commend their appointment / re-appointment. All the directors of the Company have confirmed that they are not disqualified from being appointed as directors in terms of Section 164 of the Companies Act, 2013 (Previously being Section 274(1) (g) of the Companies Act, 1956).

8. Report on Corporate Governance

Compliance Report on Corporate Governance is a part of Annual Report is annexed herewith.

9. Acknowledgements

Your Directors wish to please on record their appreciation of the whole hearted co-operation extended to company from various departments of the central and state governments, company bankers and financial institutions and employees of the company and look forward for the same cordial relationship in coming years.

Place: Surendranagar By order of the Board of Directors, Date: 14/08/2014 FOR PATIDAR BUILDCON LIMITED

CHAIRMAN (Mr. Rajnikant Patel) (DIN: 01218436)

---

Mar 31, 2013

To, The Members,

The have pleasure in presenting the 27th Annual Report of the Company along with the Audited Statements of Accounts for the year ended March 31, 2013. The summarized financial results are given below.

FINANCIAL HIGHLIGHTS:

(Amount in Rs.)

FINANCIAL RESULTS 2012-2013 2011-2012

Revenue from operations 65,125,735 2,695,114

Less: Operational & Other expenses 64,666,979 4,105,789

Profit/(Loss) before Depreciation 458,756 (1,410,675)

Less: Depreciation 12,072 9,829

Profit/(Loss) After depreciation 446,684 (1,420,504)

Add/( Less) Prior Period Adjustment - -

Profit/ (Loss) Before Taxation 446,684 (1,420,504)

Less: Provision for Tax

Current Tax 152,560 -

Deferred Tax (Net) 3,213

Net Profit After Tax 290,911 (1,420,504)

Profit / (Loss) brought forward from previous year - -

Balance carried to Balance Sheet 290,911 (1,420,504)

PERFORMANCE REVIEW:

During the year under review, the Company has earned total income of Rs. 65,125,735/- in the current year as compared to previous year of Rs. 2,695,114/-. The Company has earned net profit after tax of Rs. 290,911/- in the current year.

TRANSFER TO RESERVE:

During the year under review, the Company has not transferred any amount to reserves. However, the balance of Profit and Loss Account has been transferred to the Balance sheet.

DIVIDEND:

In absence of sufficient profits, your directors regret for non recommending dividend for the year under review.

SHARE CAPITAL:

During the year under review, 50,00,000 equity shares of Rs. 10/- each to the promoters and non-promoter on preferential basis on October 13, 2012.

As on 31st March, 2013, the paid up share capital of the Company is Rs. 5,50,05,700/divided into 55,00,570 equity shares of Rs. 10/- each.

PUBLIC DEPOSITS:

The Company has not accepted any deposit from the public within the meaning of section 58A of the Companies Act, 1956 during the year under review.

The Particulars required under Section 217 (1) (e) of the Companies Act, 1956 read with the Companies (Disclosure of particulars in the report of the Board of Directors) Rules, 1988 in Annexure-I to this Directors report.

AUDITORS:

The Company has received resignation from its former Statutory Auditors M/s. BPA & Co., Chartered Accountant. The Board recommends appointment of M/s. K. C. Parikh & Associates, Chartered Accountants as Statutory Auditors of the Company from this Annual General Meeting till the conclusion of next Annual General Meeting.

The Company has received letter from M/s. K. C. Parikh & Associates., Chartered Accountants, to the effect that their appointment, if made, would be made within the prescribed limits under section 224(1 B) of the Companies Act, 1956.

AUDITORS'' OBSERVATIONS:

Observations of auditor are self explanatory and do not require any further to be commented by directors in this report.

DIRECTORS:

In accordance with the provisions of Companies Act, 1956 and the Articles of Association of the Company, Mr. Dhiraj Patel, Director retires by rotation and being eligible offer himself for re-appointment.

During the year under review, Mr. Navinchandra Manilal Parmar, Mr. Kiritkumar Arvindbhai Khetani and Mr. Ishwarbhai Muljibhai Patel was appointed as Directors w.e.f March 29, 2013.

Mr. Rajnikant Ramjibhai Patel continues to be Whole-time Director on the Board of Director of the Company.

During the year under review, Mr. Pravinkumar Ramjibhai Patel and Ramjibhai Bhimjibhai Patel resigned w.e.f June 20, 2013.

Mr. Dhirajlal Patel and Ms. Ekta Maheshwari are continuing directors of the Company during the year under review.

DIRECTORS RESPONSIBILITY STATEMENT:

In accordance with the provisions of Section 217 (2AA) of the Companies Act, 1956 the directors confirm:

i. That in preparation of the Annual Accounts for the year ended March 31, 2013 the applicable accounting standards have been followed and that no material departures have been made from the same.

ii. That the directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the company at the end of the financial year and of the profit or loss of the Company for that period.

iii. That the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of Companies Act, 1956, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

iv. That the directors had prepared the annual accounts on a going concern basis

SUBSIDIARY COMPANY:

The Company does not have any subsidiary.

MANAGEMENT DISCUSSION AND ANALYSIS:

Management Discussion and Analysis Report for the year under review as required under Clause 49 of the Listing Agreement is presented in a separate section forming part of the Annual Report.

CORPORATE GOVERNANCE:

Pursuant to Clause 49 of the Listing Agreement entered into with the Stock Exchanges, the Company has complied with the provisions of Corporate Governance and a report on Corporate Governance is annexed hereto and forms part of this report. A certificate from Practicing Company Secretary of the Company regarding compliance of Corporate Governance, as stipulated under Clause 49 of the Listing Agreement, is appended to the Annual Report

PARTICULARS OF EMPLOYEES:

Since none of the employees are drawing remuneration beyond the prescribed limits, there is no information to be provided in accordance with the provisions of Section 217(2A) of the Companies Act, 1956 read with the Companies (particulars of employees) Rules.

GO GREEN INITIATIVE

Recently the Ministry of Corporate Affairs, Government of India, through its Circular Nos. 17/2011 and 18/2011 dated April 21, 2011 and April 29, 2011 respectively, has allowed companies to send the annual reports and other official documents to their shareholders electronically as part of its green initiatives in Corporate, provided the e- mail address of the shareholder is obtained by the Company from the shareholders.

This action of the Ministry will benefit the society through reduction in paper consumption and contribution towards a Greener Environment. It will also ensure prompt receipt of communication and avoid loss in postal transit.

Keeping in view the above, your Company proposes to send documents such as the Notice of the Annual General Meeting, Audited Financial Statements, Directors'' Report, Auditors'' Report, etc., to the shareholders in Electronic Form, to the e-mail address provided by them. All the shareholders who wish to receive the Annual Reports in electronic form, kindly register their email addresses with the Company.

The Company solicits active cooperation of shareholders in helping to implement the e-governance initiatives of the Government.

ACKNOWLEDGEMENT

Your Directors wish to place on record their appreciation for the support and co-operation, which the Company continues to received from its associates and bankers. The Directors are also thankful to the shareholders for their unstinted support to the Company.

On behalf of the Board of Directors

Sd/-

Rajnikant Patel

Whole-time Director

Place: Gujarat

Date: September 02, 2013

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Mar 31, 2012

To' The Members'

The have pleasure in presenting the 26th Annual Report of the Company along with the Audited Statements of Accounts for the year ended March 31' 2012. The summarized financial results are given below.

1.FINANCIALH1CHLIGHTS:

(Amount in)

FINANCIAL RESULTS: 2011 2012 2010-2011

Gross Income 26'96'000 756'749

ProfiV(Loss) Before Interest Depreciation & Taxation (14'10'000) 644'193

Less: Interest Charges

ProfitALoss) Before Depreciation & Taxation - 112'556

Less: Depreciation 000 12'093

PROFIT BEFORE TAXATION (14'20'000) 100'463

Less: Provision for Taxation - 32'000

PROFITALOSS) AFTER TAXATION (14'20'000) 68'463

Balance Brought Forward from Previous Year 4'53'447 384'984

ProfitALoss) Carried to Balance Sheet (9'66'553) 453'447

2 PERFORMANCE REVIEW:

During the year under review' the Company has earned total income of% 26'96'000/« in the current year as compared to previous year of % 756'749/-. The Company has sustained net loss aftertax of * 14'20'000/- in the current year.

3' TRANSFER TO RESERVE:

During the year under review' the Company has not transferred any amount to reserves. However' the balance of Profit and Loss Account has been transferred to the Balance sheet.

4. DIVIDEND:

In absence of sufficient profits' your directors regret for non recommending dividend for the year under review*

5' PUBLIC DEPOSITS:

The Company has not accepted any deposit from the public within the meaning of section 58A of the Companies Act' 1956 during the year under review.

6. DISCLOSURE UNDER SECTION 217(1) (e)OFTHECOMPANIESACiaS56j

The Particulars required under Section 217 (1) (e) of the Companies Act' 1956 read with the Companies (Disclosure of particulars in the report of the Board of Directors) Rules' 1988 in Annexure-! to this Directors report

7.AUDITORS:

The Statutory Auditors of the Company M/s. BPA & Co' Chartered Accountants' Ahemdabad retires at the ensuingAnnual General Meeting and being eligibleofferes themselves for re-appointment The appointment' if made will be in accordance with the sub-section (1B) of Section 224 of the Companies Act 1956 as per certificate furnished by the Auditor. Members will be required to'appoint Auditors for the current year and to authorise the Board of Directors to fix their remuneration.

8. AUDITORS' OBSERVATIONS

- Observations of Auditors' in Point No. 7 of Annexure to Auditors to Report regarding the Company have no internal audit system' your directors would like to comment that the Company's internal control procedures together with internal control checks conducted by the management staff is commensurate with the size and nature of its business of the Company'

- Observation of Auditors in Point 4(d) of Auditors Report regarding non- compliance of AS 15' your directors would like to comment that there are no employees covered under the retirement benefits as per Accounting Standard 15.

- Observation of Auditors in Point 4(d) of Auditors Report regarding non- compliance of Observation of Auditors in Point 4(d) of Auditors Report regarding non-compliance of AS 22' your directors would like to comment that the said non- compliance relates to earl ier years.

9. DIRECTORS:

Mr. Rajnikant Patel retires by rotation and being eligible' offer himself for re- appointment

Mr. Ramjibhai Bhimjibhai Patel' Mr. Dhirajlal Patel' and Mr. Pravinkumar are continuing directors of the Company during the year under review. Mr. SanjayChowgule has resigned from the post of Director W.e.f 25.02.2012

10' DIRECTORS RESPONSIBILITY STATEMENT: ;

In accordance with the provisions of Section 217 (2AA) of the Companies Act' 1956 the directors confirm:

i. That in preparation of the Annual Accounts for the year ended March 31' 2012 the applicable accounting standards have been followed and that no material departures have been made from the same.

ii. That the directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the company at the end of the financial year and of the profit or loss of the Company for that period.

iii- That the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of Companies Act' 1956' for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

11- SECRETARIALCOMPIIAMCECFRTIFiratp

Pursuant to the provisions of Section 383A of the Companies Act' 1956 read with Companies (Appo.ntment & Qualification of Secretary) Rules 1988 Company has obtained a Certificate from a secretary in Whole Time Practice and is attached with the Board's Report.

12. SUBSIDIARY COMPANY;

The Company does not have any subsidiary.

13. PARTICU LARS OF EMPLOYFFS-

Since none of the employees are drawing remuneration beyond the prescribed limits' there is no information to be provided in accordance with the provisions of Section 217{2A) of the Companies Act' 1956 read with the Companies (particulars of employees) Rules.

14. GO GREEN INITIATIVE

' Recently the Ministry of Corporate Affairs' Government of India' through its Circular Nos. 17/2011 and 18/2011 dpted April 21' 2011 and April 29'2011 respectively' has allowed companies to send the annual reports and other official documents to their shareholders electronically as part of its green initiatives in Corporate' provided the e- mail address of the shareholder is obtained by the Company from the shareholders.

This action of the Ministry will benefit the society through reduction in paper consumption and contribution towards a Greener Environment It will also ensure prompt receipt of communication and avoid loss in postal transit.

Keeping in view the above' your Company proposes to send documents such as the'Notice of the Annual General Meeting' Audited Financial Statements' Directors' Report' Auditors' Report' etc.' to the shareholders in Electronic Form' to the e-mail address provided by them. All the shareholders who wish to receive the Annual Reports in electronic form' kindly register their email addresses with the Company'

The Company solicits active cooperation of shareholders in helping to implement the e-governance in itiati ves of the Government.

15. Preferential Allotment

Directors have proposed to offer' issue and allot not more than 50'00'000 equity shares of Rs 10A each'at the price as determined in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations' 2009' on a preferential basis' subject to approval of shareholders'

The preferential issue has been considered keeping in view of the future expnasion plans for which capital is required.

16. ACKNOWLEDGEMENT

Your Directors wish to place on record their appreciation for the support and co-operation' which the Company continues to received from its associates and bankers. The Directors are also thankful to the shareholders for their unstinted support to the Company.

For and on behalf of Board of Directors of

Dhirajlal Patei Director

Place: Gujarat

Date: August 29' 2012

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Mar 31, 2010

We have pleasure in presenting the 24th Annual Report of the Company along with the Audited Statements of Accounts for the year ended March 31, 2010. The summarized financial results are given below.

1. FINANCIAL HIGHLIGHTS: (Amount in Rupees)

FINANCIAL RESULTS: 2009-2010 2008-2009

Gross Income 8,833,567 820,388

Profit/(Loss) Before Interest Depreciation & Taxation 776,440 (40,395)

Less: Interest Charges - -

Profit/(Loss) Before Depreciation & Taxation 776,440 (40,395)

Less: Depreciation 645 -

PROFIT BEFORE TAXATION 775,795 (40,395)

Less: Provision for Taxation 165,000 -

PROFIT/(LOSS) AFTER TAXATION 610,795 (40,395)

Balance Brought Forward from Previous Year (228,810) (185,415)

Profit/(Loss) Carried to Balance Sheet 384,985 (225,810)

2. PERFORMANCE REVIEW:

During the year under review, the Company has generated a turnover of Rs. 88 Lacs from new business activities as compared to previous year of Rs. 8.20 Lacs. The Company has earned net profit after tax of Rs. 6.11 Lacs in the current year.

3. TRANSFER TO RESERVE:

During the year under review, the Company has not transferred any amount to reserves. However the balance of Profit and Loss Account has been transferred to the Balance sheet under the head ‘Miscellaneous expenditure’.

4. DIVIDEND:

Keeping in view of expansion plans, the Company is in need of finance for expansion of the projects and hence it has been decided by the Management to retain profits and plough back the same in the business. Hence, your directors do not recommend any dividend during the year under review.

5. PUBLIC DEPOSITS:

The Company has not accepted any deposit from the public within the meaning of section 58A of the Companies Act, 1956 during the year under review.

6. DISCLOSURE UNDER SECTION 217 (1) (e) OF THE COMPANIES ACT, 1956:

The Particulars required under Section 217 (1) (e) of the Companies Act, 1956 read with the Companies (Disclosure of particulars in the report of the Board of Directors) Rules, 1988 in Annexure-I to this Directors report.

7. AUDITORS:

The existing Statutory Auditors M/s. M/s. D. S. Mahambre & Co, Chartered Accountant, Mumbai, due to their pre occupation, have expressed their unwillingness to continue as statutory auditors for the next financial year and therefore tendered their resignation. As per provisions of Section 224(6) (a) of the Companies Act, 1956, Ms/. BPA & Co., Chartered Accountants, Mumbai appointed as a Statutory Auditors of the Company in the casual vacancy caused due to resignation of M/s. D. S. Mahambre & Co, Chartered Accountant, Mumbai to hold office until the conclusion of the next Annual General Meeting of the Company, The terms and conditions of said appointment are subject to approval of members of the Company in the ensuing Annual General Meeting.

8. AUDITORS’ OBSERVATIONS:

Observations of Auditors’ are self explanatory and need not to be commented further in this report.

9. DIRECTORS:

Mr. Pravin Kumar Patel retires by rotation and being eligible, offer himself for re-appointment.

Mr. Rajnikant Patel was appointed as a Whole-Time Director of the Company for a period of five years w.e.f. April 1, 2009 to March 31, 2014 at no remuneration. The terms and conditions of his appointment are subject to approval of members in the ensuing Annual General Meeting.

Mr. Ramjibhai Bhimjibhai Patel Mr. Dhirajlal Patel and Mr. Sanjay Chowgule are the directors of the Company during the year under review.

10. DIRECTORS RESPONSIBILITY STATEMENT:

In accordance with the provisions of Section 217 (2AA) of the Companies Act, 1956 the directors confirm:

(1) That in preparation of the Annual Accounts for the year ended March 31, 2010 the applicable accounting standards have been followed and that no material departures have been made from the same.

(2) 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 true and fair view of the state of affairs of the company at the end of the financial year and of the profit or loss of the Company for that period.

(3) That the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of Companies Act, 1956, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

(4) That the directors had prepared the annual accounts on a going concern basis

11. SECRETARIAL COMPLIANCE CERTIFICATE

Pursuant to the provisions of Section 383A of the Companies Act, 1956 read with Companies (Appointment & Qualification of Secretary) Rules, 1988, Company has obtained a Certificate from a secretary in Whole Time Practice and is attached with the Board’s Report.

12. PARTICULARS OF EMPLOYEES:

During the year under review, there were no employees drawing remuneration of Rs. 24,00,000 p.a. or Rs. 2,00,000 p.m. or more. Hence there is no information required to be provided in accordance to Section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of employees) Rule 1975.

13. ACKNOWLEDGEMENT

Your Directors wish to place on record their appreciation for the support and co-operation, which the Company continues to received from its associates and bankers. The Directors are also thankful to the shareholders for their unstinted support to the Company.

For and on behalf of Board of Directors of

Sd/-

Rajnikant Patel

Director

Place: Gujarat

Date: July 31, 2010