Directors Report of Purshottam Investofin Ltd.

Mar 31, 2024

Your directors are pleased to present the 35^th Annual Report of your Company, along with Audited Financial Statements for the year ended March 31,
2024.

Financial Highlights: (In Lacs)

Particulars	March 31, 2024	March 31, 2023
Total Revenue	7923.64	1585.43
Profit before Exceptional and Extra-ordinary Items and Tax	1135.83	37.12
Exceptional Items/Prior Period Items	-	-
Profit before Extraordinary Items and Tax	1135.83	37.12
Extraordinary Items	-	-
Profit before Tax	1135.83	37.12
Tax Expenses
Current Tax	272.66	-
Earlier Year Tax	22.83	-
Deferred Tax	1.63	1.44
TDS written off for earlier years	4.86	1.31
Profit (Loss) for the Period before other comprehensive Income	837.10	37.26
Total Other Comprehensive Income	314.94	(326.15)
Profit (Loss) for the Period	1152.04	(288.89)
Earning Per Equity Shares
Basic	13.32	0.59
Diluted	13.32	0.59

Performance Overview

During the year under review, the total revenue is Rs. 7923.64 Lac (previous year: Rs. 1585.43 Lac). The profit before taxation is Rs. 1135.83 Lac (previous
year: Rs. 37.12 Lac) and the net profit/Loss after tax & other comprehensive income is Rs. 1152.04 Lac (previous year: Rs. (288.89) Lac).

Operations and State of Affairs

The operation and state of affairs have been adequately explained in the Management Discussion and Analysis segment and form part of this report.
Subsidiaries, Joint Ventures and Associate Companies

The Company does not have any Subsidiaries, Joint Ventures and Associate Companies.

Transfer to reserves

An amount of Rs. 167.42 Lac, being 20% of the profit after tax (PAT) was transferred to the statutory reserve of the Company pursuant to Section 45-IC
of the Reserve Bank of India Act, 1934. Further, the Board of Directors has decided to retain the entire amount of profit for the Financial Year 2023-24
in the statement of profit and loss, after all appropriation and adjustments.

Dividend

In view of current and expected foreseeable growth opportunities, the Board intends to retain the financial resources of the Company and therefore,
finds it prudent not to propose any dividend for the year under reporting.

Annual Return

A copy of the Annual Return in terms of Section 92 (3) of the Companies Act, 2013 as amended, in the prescribed form, which will be filed with the
Registrar of Companies/MCA, is placed on the website of the Company www.purshottaminvestofin.in on the following link:
https://www.purshottaminvestofin.in/annual return.html

Share Capital

The paid-up Equity Share Capital as on March 31, 2024 was Rs. 628.36 Lac. During the year under review, the Company has not issued any shares. The
Company has not issued shares with differential voting rights. It has neither issued employee stock options nor sweat equity shares and does not have
any scheme to fund its employees to purchase the shares of the Company. The shareholding of directors has been provided in the report of Corporate
Governance and form part of this report.

Deposits

During the year under review, your Company has not taken any public deposits.

Particulars of Loans, Guarantee and Investments

The Company, being a non-banking financial company registered with the RBI and engaged in the business of giving loans, is exempt from complying
with the provisions of section 186 of the Act w.r.t. loans. Accordingly, the disclosures of the loans given as required under the aforesaid section have
not been made in this Report.

Investments form part of the notes to the financial statements provided in this Annual Report.

Related Party Transactions

All contracts/arrangement/transactions entered by the Company during FY 2023-24 with related parties were in compliance with the applicable
provisions of the Act and SEBI Listing Regulations. Prior omnibus approval of the Audit Committee is obtained for all related party transactions which
are foreseen and of repetitive nature. Pursuant to the said omnibus approval, details of transaction entered into is also reviewed by the Audit Committee
on a quarterly basis.

All related party transactions entered during FY 2023-24 were on arm''s length basis and in the ordinary course of business of the Company under the
Act.

The Company has adopted a Related Party Transactions Policy. The policy, as approved by the Board, is uploaded on the Company''s website at the web
link: https://www.purshottaminvestofin.in/codenpolicies.html

As per the Listing Regulations, any related party transaction exceeding Rs. 1,000 crore or 10% of the annual consolidated turnover, as per the last audited
financial statement whichever is lower, is considered as material and requires Members approval. Accordingly, the Company obtained necessary
Members approval for the year under review. However, there were no material transactions with any related parties as per the Act. Therefore, the
disclosure of Related Party Transactions as required under Section 134(3)(h) of the Act in Form AOC-2 is not applicable for FY24 and, hence does not
form part of this report.

Details of the transactions with Related Parties are also provided in the accompanying financial statements.

In terms of Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements Regulations), 2015, the Company has submitted the half-yearly
disclosure of related party transactions to the BSE Ltd.

Directors and key managerial personnel (''KMP'')

A. Change in Directorate

i. Resignation:

Mrs. Mohitaa Patree (DIN:07315405), Independent Director, resigned w.e.f. December 22, 2023 (Close of Business Hours) from the Board of Directors
of the company due to her personal reasons only and no other material reason for her resignation.

Mr. Sameer Relia (DIN: 01147315), Independent Director, resign w.e.f. August 06, 2024 (Close of Business Hours) from the Board of Directors of the
company due to his personal reasons only and no other material reason for his resignation.

ii. Appointment/Re-appointment:

Mrs. Princy Anand (DIN 10414963) was appointed on December 22, 2023, as an Additional Director under the Independent Category. Further, the
Shareholder vide Postal ballot concluded on March 02, 2024, has approved the appointment of Mrs. Princy Anand as an independent director of the
company w.e.f. December 22, 2023, for a term of 5 years till December 21, 2028. As per the provisions of Companies Act, 2013 they will not be liable
to retire by rotation. However, this position not being one of the categories exempting such persons from appearing in proficiency test as per the
Companies (Appointment and Qualifications of Directors) Rules, 2014, as amended, Independent Director will undertake the test within the prescribed
time limit.

Mr. Ashish Goyal (DIN 10555206) was appointed on August 06, 2024, as an Additional Director under the Independent Category. He will hold the office
up to the date of the next Annual General Meeting or for a period of three months from the date of appointment whichever is earlier. It is proposed to
appoint Mr. Ashish Goyal as a Director under the Independent Director category at the ensuing Annual General Meeting to hold office for 5 consecutive
years with effect from August 06, 2024, without being subject to retirement by rotation. However, this position not being one of the categories
exempting such persons from appearing in proficiency test as per the Companies (Appointment and Qualifications of Directors) Rules, 2014, as amended,
further, he has cleared the exam. The details of appointment have been furnished in the explanatory statement to the notice of the ensuing annual
general meeting.

The Board is of the opinion that Mrs. Princy Anand and Mr. Ashish Goyal is a person of integrity, expertise, and has relevant experience to serve the
Company as an independent director.

The Board at its meeting held on August 06, 2024, upon the recommendation of the Nomination and Remuneration Committee, has re-appointed Mr.
Sahib Singh Gusain (DIN: 00649786) as Whole-time Director designated as the Managing Director of the Company for further term of Three (3) years
effective from August 13, 2024. The details of the re-appointment have been furnished in the explanatory statement to the notice of the ensuing annual
general meeting.

The Board at its meeting held on August 06, 2024, upon the recommendation of the Nomination and Remuneration Committee, has re-appointed Mr.
Pramod Kumar Jain (DIN: 00112968) as a Whole-time Director/Executive Director of the Company for a further term of Three (3) years effective from
August 13, 2024. The details of the re-appointment have been furnished in the explanatory statement to the notice of the ensuing annual general
meeting.

B. Directors liable to retire by rotation

Mr. Sahib Singh Gusain, Managing Director (DIN: 00649786) retires by rotation at the ensuing AGM, being eligible, offers himself for re-appointment.
Necessary details for re-appointment as required under the Act and SEBI Listing Regulations are given in the notice of the 35^th AGM.

C. Key Managerial Personnel

Pursuant to Section 203 of the Act, the Key Managerial Personnel of the Company as on March 31, 2024 are:

a. Mr. Sahib Singh Gusain, Managing Director

b. Mr. Pramod Kumar Jain, Executive Director*

c. Mr. Ankit Gupta, Company Secretary

d. Mr. Suraj Kumar, Chief Financial Officer

*Mr Pramod Kumar Jain, Executive Director & CFO, resign from the position of CFO w.e.f. April 20, 2023 and continue only as Executive Director of the
Company. Further, Mr Suraj Kumar was appointed as CFO of the company w.e.f. April 20, 2023.

Declaration by Independent Directors

All the Independent Directors have given necessary declarations under Section 149(7) of the Act, that they meet the criteria of independence as laid
down under Section 149 (6) of the Act, as amended, and Regulation 16 read with Regulation 25(8) of the SEBI Listing Regulations, as amended.

During the year, the Independent Directors of your company had no pecuniary relationship or transaction with your Company other than sitting fees for
attending Board and Committee meetings.

The independent directors have also confirmed compliance with the provisions of rule 6 of Companies (Appointment and Qualifications of Directors)
Rules, 2014, as amended, relating to the inclusion of their name in the databank of independent directors.

Statement of Board of Directors

In the opinion of the Board, Independent Directors fulfil the conditions of independence as specified in the Act, Rules, Regulations made there under
and are independent of the management and the Board is satisfied of the integrity, expertise, and experience of all Independent Directors on the Board.
The Independent Directors have confirmed compliance of relevant provisions of Rule 6 of the Companies (Appointments and Qualifications of Directors)
Rules, 2014.

Board and Committee Meetings

Details of the composition of the Board and its Committees and of the Meetings held and attendance of the Directors at such Meetings, are provided in
the Corporate Governance Report. The intervening gap between the Meetings was within the prescribed period.

Directors'' Responsibility Statement

In compliance of section 134(3) (c) of the Act, the Directors, to the best of their knowledge and belief, confirm that:

a) In the preparation of the annual financial statements for the year under reporting, the applicable Indian Accounting Standards (Ind As) have been
followed along with proper explanations relating to material departures, if any;

b) Appropriate accounting policies have been selected, applied consistently and judgment and estimates have been made that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the company as at reporting date and of the profit of the company for the year
ended on that date;

c) Proper and sufficient care has been taken 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 annual financial statements have been prepared on a going concern basis;

e) Proper internal financial controls were in place and the internal financial controls were adequate and operating effectively; and

f) Proper systems to ensure compliance with the provisions of all applicable laws were in place and were adequate and operating effectively.

Policy on appointment and remuneration of Directors

The Company has adopted a Nomination and Remuneration Policy for the Directors, Key Managerial Personnel and other employees, pursuant to the
provisions of the Act and the Listing Regulations.

In accordance with the Nomination and Remuneration Policy adopted by the Company, the Nomination and Remuneration Committee is responsible
for developing competency requirements for the Board based on the industry and strategy of the Company.

The Committee is responsible for reviewing and vetting the profile of potential candidates vis-a-vis the required competencies and meeting potential
candidates, prior to making recommendations of their nomination to the Board in accordance with the Nomination and Remuneration Policy of the
Company. The Nomination and Remuneration Committee has formulated the criteria for determining requisite qualifications, positive attributes such
as high standards of ethical behaviour, strong interpersonal and communication skills and soundness of judgment and independence of Directors in
terms of provisions of Section 178 of the Act and the Listing Regulations. The philosophy for remuneration of Directors, Key Managerial Personnel and
all other employees of the Company is based on the commitment of fostering a culture of leadership with trust. The Remuneration Policy of the Company
is aligned to this philosophy.

The Nomination and Remuneration Committee has inter-alia considered the following factors while formulating the Policy:

(i) The level and composition of remuneration is reasonable and sufficient to attract, retain and motivate Directors of the quality required to run the
Company successfully;

(ii) Relationship of remuneration to performance is clear and meets appropriate performance benchmarks; and

(iii) Remuneration to Directors, Key Managerial Personnel and Senior Management involves a balance between fixed and incentive pay reflecting short
and long-term performance objectives appropriate to the working of the Company and its goals.

It is affirmed that the remuneration paid to Directors, Key Managerial Personnel and all other employees is as per the Remuneration Policy of the
Company.

The Remuneration Policy, as approved by the Nomination and Board, is uploaded on the Company''s website at the web link:
https://www.purshottaminvestofin.in/pdf/report/Nomination%20And%20Remuneration%20Policy w.e.f.%20January%201,%202022.pdf

Risk Management Policy

The Company has adopted a Risk Management Policy in accordance with the provisions of the Act and the Listing Regulations. It establishes various
levels of accountability and overview within the Company, while vesting identified managers with responsibility for each significant risk.

The Company has laid down procedures to inform the Audit Committee as well as the Board of Directors about risk assessment and management
procedures and status.

The risk management process consists of risk identification and assessment; risk measurement, mitigation, and monitoring; and risk reporting.

Annual Evaluation of Board Performance and Performance of its Committees and of Directors

Pursuant to the provisions of the Act and the Listing Regulations, the Board has carried out an annual evaluation of its own performance, performance
of the Directors as well as the evaluation of the working of its committees.

The Nomination and Remuneration Committee has defined the evaluation criteria, procedure and time schedule for the Performance Evaluation process
for the Board, its Committees and Directors.

The Board''s functioning was evaluated on various aspects, including inter alia degree of fulfilment of key responsibilities, Board structure and
composition, establishment and delineation of responsibilities to various Committees, effectiveness of Board processes, information and functioning.

Your Directors express their satisfaction with the evaluation process and inform that the performance of the Board as a whole, its Committees and its
member individually were adjudged satisfactory.

Corporate Governance and Management Discussion & Analysis Report

The Corporate Governance and Management Discussion & Analysis Report, which form an integral part of this Annual Report, together with the
Certificate from M/s Kundan Agrawal & Associates, Company Secretary in Practice in compliance with the requirements of Securities Exchange Board of
India (Listing Obligation and Disclosure Requirement) Regulation, 2015. The Auditors'' Certificate for the financial year 2023-24 does not contain any
qualifications, reservations or adverse remarks.

Anti-Sexual Harassment Policy

Your Company has in place a policy on prevention of sexual harassment at workplace. No complaint of Sexual Harassment was received during the
financial year 2023-24. Internal Complaint committee is not required to be constituted as the worker in our organisation is less than 10 during the
Financial Year under review.

Code for Prevention of Insider Trading

Pursuant to the SEBI (Prohibition of Insider Trading) Regulations 2015, the Company has adopted a Code for Prevention of Insider Trading. The objective
of the code is to restrict an insider from dealing in the shares of the company either directly or indirectly when in possession of unpublished price
sensitive information and also to restrict communication of such information. The code is applicable to directors and designated employees/ persons
associated with the company. The code enumerates the procedure to be followed for dealing in the shares of the company and periodic disclosures to
be made. It also restricts the insiders from dealing in the company''s shares during the period when the ''Trading Window'' is announced closed. The
company secretary has been designated as the Compliance Officer.

The details of the said code are posted on the website of the company at https://www.purshottaminvestofin.in/codenpolicies.html
Internal Controls Systems and Adequacy Thereof

The Company''s internal audit systems are geared towards ensuring adequate internal controls commensurate with the size and needs of the business,
with the objective of efficient conduct of operations through adherence to the Company''s policies, identifying areas of improvement, evaluating the
reliability of Financial Statements, ensuring compliances with applicable laws and regulations and safeguarding of assets from unauthorized use.

Details of the internal controls system are given in the Management Discussion and Analysis Report, which forms part of the Directors'' Report.

Auditors and Audit

i) Statutory Auditors

In terms of Section 139 of the Companies Act, 2013, read with the Companies (Audit and Auditors) Rules, 2014, Members of the Company in the 31st
Annual General Meeting held on September 26, 2020, approved the appointment of M/s. STRG & Associates, Chartered Accountants, (ICAI Firm
Registration no. 014826N), as the Statutory Auditors of the Company from the conclusion of the 31^st AGM till the conclusion of the 35th AGM of the
Company to be held in the year 2024. Accordingly, M/s. STRG & Associates, Chartered Accountants, will cease to be the Statutory Auditors of the
Company on the conclusion of forthcoming 35th AGM of the Company.

Pursuant to provisions of Section 139 of the Act read with the Companies (Audit and Auditors) Rules, 2014, the Audit Committee and the Board of
Directors of the Company have recommended appointment of M/s AKGSR & Co, Chartered Accountants (Firm Registration No. 027579N) as the Statutory
Auditors of the Company for a term of 5 (five) years to hold office from the conclusion of forthcoming 35th AGM until the conclusion of the 40^th AGM of
the Company, in place of retiring Statutory Auditors namely M/s. STRG & Associates.

A resolution seeking the appointment of M/s AKGSR & Company, Chartered Accountants as Statutory Auditors of the Company forms part of the Notice
of 35th AGM and the same is recommended for Member''s approval. Pursuant to Section 141 of the Act, the appointing Auditors have represented that
they are not disqualified and are eligible to act as the Statutory Auditors of the Company.

The Report given by M/s. STRG & Associates, Chartered Accountants, on the financial statement of the Company for the financial year 2023-24 is part
of the Annual Report. The Notes on the financial statement referred to in the Auditors'' Report are self-explanatory and do not call for any further
comments. The Auditors'' Report does not contain any qualification, reservation, adverse remark or disclaimer.

ii) Secretarial Auditor

In accordance with the provisions of Section 204 of the Act and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014,
the company had appointed Kundan Agrawal & Associates, Company Secretaries, to undertake the Secretarial Audit of the company. The Secretarial
Audit report is annexed herewith as Annexure-A. The Secretarial Audit Report is self-explanatory and do not call for any further comments. The
Secretarial Audit Report does not contain any qualification, reservation, adverse remark or disclaimer.

Pursuant to regulation 24A(2) of SEBI Listing Regulations, a report on secretarial compliance for FY 2023-24 has been issued by Kundan Agrawal &
Associates, Company Secretaries, and the same has been submitted with the stock exchanges within the given timeframe. The report is made available
on the website of the Company. There are no observations, reservations or qualifications or adverse remark in any of the aforesaid reports.

iii) Cost Auditor

The provision of maintenance of cost records as specified by the Central Government under sub-section (1) of section 148 of the Companies Act, 2013
is not applicable to the company as the company is a Non-Banking Financing Company.

Reporting of Frauds

During the year under review, neither the Statutory Auditor nor the Secretarial Auditor have reported to the Audit Committee/ Board or Central
Government any instances of material fraud in the Company by its officers or employees under section 143(12) of the Companies Act, 2013 and the
rules made thereunder.

Secretarial Standards

The Company has complied with the applicable provisions of the Secretarial Standards issued by the Institute of Companies Secretaries of India.

Nature of Business

There is no change in the nature of business during the period under review.

Corporate Social Responsibility

The provisions of the Act relating to Corporate Social Responsibility are not applicable. Nevertheless, the Company shall continue its endeavour to fulfil
its responsibility towards society.

RBI Norms

Your Company is a non-deposit taking non-banking financial company registered with the Reserve Bank of India ("RBI") and classified as NBFC - Base
Layer under RBI ''Master Direction - Reserve Bank of India (Non-Banking Financial Company - Scale Based Regulation) Directions, 2023. The Company
continues to comply with all the applicable regulations/guidelines/directions prescribed by the RBI, from time to time.

Significant and Material Orders passed by the Regulators or Courts

The Company has not received any significant or material orders passed by any regulatory Authority, Court or Tribunal which shall impact the going
concern status and Company''s operations in the future.

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

There have been no material changes and commitments, which affect the financial position of the company, that have occurred between the end of the
financial year to which the financial statement relates and the date of report.

Personnel

Industrial relations: During the year, the industrial relations at all the works of the Company were cordial.

Particulars of employees

The information required under Section 197 read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014
with any amendments thereto, is annexed as Annexure-B.

Further, details of employee remuneration as required under provisions of Section 197(12) of the Act read with Rule 5(2) and 5(3) of the Rules of the
Act is available for inspection at the Registered Office of your Company during working hours. As per second proviso to Section 136(1) of the Act and
second proviso of Rule 5 of the Rules the Annual Report has been sent to the Members excluding the aforesaid exhibit. The said information is open for
inspection at the registered office of the company or any member interested in obtaining a copy of such information write to the Company Secretary &
Compliance Officer at [e-mail]

Other Disclosures

Neither any application was made, nor any proceeding is pending under the Insolvency and Bankruptcy Code, 2016 against the Company.

During FY 2023-24, there was no instance of one-time settlement with Banks or Financial Institutions. Therefore, as per rule 5(xii) of Companies
(Accounts) Rules, 2014, reasons of difference in the valuation at the time of one-time settlement and valuation done while taking loan from the Banks
or Financial Institutions are not reported.

Investor Relations

Your Company always endeavours to keep the time of response to shareholders request/ grievance at the minimum. Priority is accorded to address all
the issues raised by the shareholders and provide them a satisfactory reply at the earliest possible time. The Stakeholder Relationship Committee of the
Board meets periodically and reviews the status of the Shareholders Grievances.

Particulars of Conservation of Energy, Technology, Absorption and Foreign Exchange Earnings and Outgo

The information on conservation of energy, technology, absorption and foreign exchange earnings and outgo stipulated under Section 134(3)(m) of the
Act read with Rule 8 of the Companies (Accounts) Rules, 2014 with any amendments thereto, is given are as under:

	Current Year 2023-24	Previous Year 2022-23
Energy Conservation	NIL	NIL
Technology Absorption	NIL	NIL
Foreign Exchange Earnings and Outgoing	NIL	NIL

Electronic Communication

As a responsible corporate citizen, the Company supports the ''Green Initiative'' undertaken by the Ministry of Corporate Affairs, Government of India,
enabling electronic delivery of documents including the Annual Report etc. to shareholders at their e-mail address registered with the Depository
Participants and Registrar & Transfer Agent.

To support the ''Green Initiative'' and in compliance of Rule 18 of the Companies (Management and Administration) Rules, 2014, as amended from time
to time, Members who have not yet registered their email addresses or want to update a fresh email id are requested to register the same with their
Depository Participant in case the shares are held by them in electronic form and with Company''s RTA in case the shares are held by them in physical
form for receiving all communications, including Annual Report, Notices, Circulars, etc., from the Company electronically.

Further, as permitted by MCA Circulars and SEBI Circulars issued from time to time, Notice of the 35^th AGM and the Annual Report of the Company for
the financial year ended March 31, 2024 including therein the Audited Financial Statements for the year 2023-24, the above documents are being sent
only by email to the Members. This Annual Report, along with other documents, is also available on the Company''s website at
https://www.purshottaminvestofin.in

Acknowledgments

The Directors sincerely acknowledge the trust and confidence that has been placed by the employees, shareholders and investors in the Company. The
Directors are thankful to all the employees and the officers of the Company, for their dedication, support and co-operation.

On behalf of the Board of Directors
For Purshottam Investofin Limited

Sd/- Sd/-

Sahib Singh Gusain Pramod Kumar Jain

Managing Director Director

DIN:00649786 DIN:00112968

Date: August 06, 2024
Place: New Delhi

---

Mar 31, 2015

Dear Members,

The Directors have pleasure in presenting the 26th Annual Report on the business and operations of the Company together with audited statements of accounts for the financial year ended 31st March, 2015.

FINANCIAL HIGHLIGHTS

The summarized financial results of the Company for the financial year 2014-15 are given hereunder:

(Rs.in lacs)

2014-15 2013-14

Revenue from operations & other income 159.70 122.14

Operating Profit (EBIDTA) 116.03 38.29

Finance Cost 111.81 34.10

Gross Profit (PBD) 4.22 4.19

Depreciation & amortization 0.05 0.94

Profit before tax 4.17 3.25 Provision for

- Current Tax (net) 1.95 1.25

- Deferred Tax - 0.003

- MAT Credit entitlement - -

- Adjustment for prior period tax/tax on dividend - -

Net Profit 2.22 1.99 Balance b/f from previous year 2387.42 2385.40

Profit available for appropriation 2389.56 2387.42 Appropriation:- Balance Carried to Balance Sheet 2389.56 2387.42

DIVIDEND

In order to meet the future requirements of the Company, yours Directors have decided not to recommend dividend for the Financial Year 2014-15.

OPERATIONS

During the year under review, the revenue from operations increased to Rs.159.70 lacs as against Rs.122.14 lacs in the previous year.

The net profit after tax for the year was Rs. 2.22 lacs as against Rs. 1.99 lacs in the previous year;

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

As required under Clause 49 of the Listing Agreement entered into with the Stock Exchanges and Circular/Notifications/ Directions issued by Reserve Bank of India from time to time, the Management Discussion and Analysis of the financial condition and result of operations of the Company for the year under review is presented in a separate section forming part of the Annual Report.

CORPORATE GOVERNANCE

A Report on Corporate Governance as required under Clause 49 of the Listing Agreement entered into with the Stock Exchanges, forms part of the Annual Report.

A Certificate from, M/s Kundan Agarwal & Associates, Company Secretaries, confirming compliance with the conditions of Corporate Governance as stipulated under the aforesaid Clause 49, also forms part of the Annual Report.

FINANCE

(i) Share Capital

The paid-up Equity Share Capital as on 31st March, 2015 was Rs.628.35 lacs. During the year under review, the Company has not issued shares with differential voting rights nor granted stock options nor sweat equity.

(ii) Public Deposits

The Company being a Non-Deposit Accepting Non-Banking Finance Company has not accepted any deposits from the public during the year under review and shall not accept any deposits from the public without obtaining prior approval of the Reserve Bank of India (RBI).

(iii) Particulars of loans, guarantees or investments

Particulars 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.

RBI GUIDELINES

As a Non Deposit taking Non-Banking Finance Company, your Company always aims to operate in compliance with applicable RBI laws and regulations and employs its best efforts towards achieving the same.

NUMBER OF MEETINGS OF THE BOARD

The Board met 6 times in financial year 2014-15 viz., on April 10, 2014, May 30, 2014, August 14, 2014, November 12, 2014, February 12, 2015 and March 05, 2015. The maximum interval between any two meetings did not exceed 120 days.

COMMITTEES OF THE BOARD

During the year, in accordance with the Companies Act, 2013 and Clause 49 of Listing Agreement, the Board re-constituted some of its Committees. The Committees are as follows:

Audit Committee

Nomination and Remuneration Committee

Stakeholders' Relationship Committee

Risk Management Committee

Details of the said Committees along with their charters, composition and meetings held during the year, are provided in the "Report on Corporate Governance", a part of this Annual Report.

DIRECTORS & KEY MANAGERIAL PERSONNEL

a. Cessation

During the year under review, Ms. Sapna Bhatia (PAN ANTPB7851L) and Ms. Neha Bansal (PAN ANMPB9893K) resigned from the post of Company Secretary of the Company. The Board placed on its records their appreciation for the valuable contribution provided by both the Company Secretaries.

During the year under review, Mr. Robin Garg (DIN 02400919) resigned from the post of Non Executive Independent Directorship and Committees in which he was serving as Chairman/Committee Member with effect from April 23, 2015 The Board placed on its records its appreciation for the valuable contribution provided by Mr. Robin Garg.

b. Retire by Rotation

In accordance with Section 152 and other applicable provisions of Companies Act, 2013, Mr. Sushil Kumar (DIN 02171252), being Executive Director, retires by rotation and being eligible offers himself for reappointment at the ensuing Annual General Meeting. The Board recommends his appointment.

c. Appointment of Women Director

With coming into force of the provisions of Companies Act, 2013, the Board had appointed Ms. Swati Sharma (DIN 06757066) as Additional Executive Women Director of the Company who shall hold office upto the date of ensuing Annual General Meeting of the Company. The Company has received notice in writing under Section 160 of the Companies Act, 2013 from members proposing her appointment as Director.

The Board recommends her appointment. The details of the aforesaid Director forms part of this Report as Annexure I.

Based on the confirmation received, she is not disqualified for appointment under Section 164(2) of Companies Act, 2013.

d. Appointment of Independent Directors

During the year under review, Mr. Suraj Chokhani (DIN 03547280) and Mr. Ravi Jaipuria (DIN 00598138) had been appointed as Additional Non Executive Independent Directors who shall hold office upto the date of ensuing Annual General Meeting of the Company. The Company has received notices in writing under Section 160 of the Companies Act, 2013 from members proposing appointment as Directors.

The Board recommends their appointment. The details of the aforesaid Directors forms part of this Report as Annexure I.

Based on the confirmations received, none of the Directors are disqualified for appointment under Section 164(2) of Companies Act, 2013.

e. Key Managerial Personnel Appointment

During the year under review, Ms. Sarita Aggarwal (PAN- ARZPA2612C) was appointed as Compliance Officer & Company Secretary of the Company w.e.f. 01st November, 2014.

During the year under review, Mr. Deependra Singh Negi (PAN- AGIPN6328E) was appointed as Chief Financial Officer of the Company w.e.f. 30th May, 2015.

During the year under review, Mr. Pravin Santlal Jain- Managing Director (DIN 01318161); Mr. Deependra Singh Negi - Chief Financial Officer; and Ms. Sarita Aggarwal, Compliance officer & Company Secretary were designated as the Key Managerial Personnel of the Company pursuant to the requirements of the applicable provisions of Companies Act, 2013 read with its Rules, by the Board of Directors and their terms and conditions of the appointment and remuneration was considered by the Board.

BOARD'S INDEPENDENCE

Our definition of 'Independence' of Directors is derived from Clause 49 of the Listing Agreement with Stock Exchanges and Section 149(6) of the Companies Act, 2013. Based on the confirmation / disclosures received from the Directors and on evaluation of the relationships disclosed, the following Non- Executive Directors are Independent in terms of Clause 49 of the Listing Agreement and Section 149(6) of the Companies Act, 2013 :- 1. Mr. Suraj Chokhani (DIN 03547280)

2. Mr. Ravi Jaipuria (DIN 00598138)

3. Mr. Atul Singla (DIN 03555967)

DIRECTORS' RESPONSIBILITY STATEMENT

To the best of their knowledge and belief and according to the information and explanations obtained by them, your Directors make the following statements in terms of the section 134(3)(c) of the Companies Act, 2013:

(i) that in the preparation of the annual financial statements for the year ended March 31, 2015, the applicable accounting standards have been followed along with proper explanation relating to material departures, if any;

(ii) that such accounting policies, as mentioned in Note 2 of the Notes to the Financial Statements, have been selected and applied consistently and judgments and estimates have been made 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, 2015 and of the profit of the Company for the year ended on that date;

(iii) that proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

(iv) that the annual financial statements have been prepared on a going concern basis;

(v) that proper internal financial controls were in place and that the financial controls were adequate and were operating effectively;

(vi) that proper systems to ensure compliance with the provisions of all applicable laws were in place and were adequate and operating effectively.

COMPANY'S POLICY ON DIRECTORS' APPOINTMENT AND REMUNERATION & EVALUATION

Pursuant to the provisions of the Companies Act, 2013 and Clause 49 of the Listing Agreement, Policy on Nomination and Remuneration of Directors, Key Managerial Personnel, Senior Management and other employees has been formulated including criteria for determining qualifications, positive attributes, Independence of a Director and other matters as required under the said Act and Listing Agreement.

The evaluation framework for assessing the performance of Directors comprises of the following key areas

Expertise;

Objectivity and Independence;

Guidance and support in context of life stage of the Company;

Understanding of the Company's business;

Understanding and commitment to duties and responsibilities;

Willingness to devote the time needed for effective contribution to Company;

Participation in discussions in effective and constructive manner;

Responsiveness in approach;

Ability to encourage and motivate the Management for continued performance and success;

The evaluation involves Self-Evaluation by the Board Member and subsequently assessment by the Board of Directors. A member of the Board will not participate in the discussion of his / her evaluation.

Accordingly a process of evaluation was followed by the Board for its own performance and that of its Committees and individual Directors and also the necessary evaluation was carried out by Nomination and Remuneration Committee and Independent Director at their respective meetings held for the purpose.

RELATED PARTY TRANSACTIONS

No Related Party Transactions were entered into during the financial year 2014-15. All Related Party Transactions entered into in the past were on an arm's length basis and were in the ordinary course of business. There are no materially significant Related Party Transactions made by the Company with promoters, directors, Key Managerial Personnel or other designated persons which may have potential conflict with the interest of the Company at large.

On the recommendation of the Audit Committee, the Board of Directors has adopted a policy on Related Party Transactions. The Policy envisages the procedure governing related party transactions required to be followed to ensure compliance with the applicable laws and regulations as well as to ensure that the Related Party Transactions are managed and disclosed in accordance with the strict legal and accounting requirements.

A statement of all related party transactions is presented before the Audit Committee on a quarterly basis, specifying the nature, value and terms & conditions of the transactions. The statement is supported by a certificate from the CFO.

None of the Directors has any pecuniary relationships or transactions vis-à-vis the Company.

EXTRACT OF ANNUAL RETURN

The details forming part of the extract of the Annual Return in form MGT 9 is annexed herewith as Annexure 2 to this Director's Report.

STATUTORY AUDITORS & THEIR REPORT

M/s. STRG & Associates, Chartered Accountants, having ICAI Firm Registration No. 014826N were appointed as Statutory Auditors of your Company at the Extra-Ordinary General Meeting

(EGM) held on March 30, 2015 from the conclusion of the said EGM till conclusion of Twenty Sixth Annual General Meeting. As per the provisions of Section 139 of the Companies Act, 2013, the appointment of Statutory Auditors is required to be ratified by members at every Annual General Meeting. Accordingly, the appointment of M/s. STRG & Associates, Chartered Accountants, as Statutory Auditor of the Company is placed for ratification by the shareholders.

The Auditor's Report does not contain any qualification, reservation or adverse remark.

SECRETARIAL AUDITORS & THEIR REPORT

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and Rules made thereunder, the Company had appointed M/s. Kundan Agarwal & Associates, Practicing Company Secretaries, to undertake the Secretarial Audit of the Company for the financial year 2014-15. The Secretarial Audit Report for financial year 2014-15, has been appended as Annexure 3 to this Report.

The Auditor's Report does not contain any qualification, reservation or adverse remark.

The Board of the Directors at their Meeting held on May 30, 2015 has appointed M/s. Kundan Agarwal & Associates, Practicing Company Secretaries, to undertake the Secretarial Audit of the Company.

INTERNAL AUDITORS & THEIR REPORT

Pursuant to provisions of Section 138 of Companies Act 2013 and rules made thereunder, the company had appointed MAKS & Co. as Internal Auditor for the year 2014-2015.

PARTICULARS OF EMPLOYEES

The provisions of Rule 5(2) & (3) of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014 requiring particulars of the employees in receipt of remuneration in excess of Rs.60 lacs per year to be disclosed in the Report of Board of Directors are not applicable to the Company as none of the employees was in receipt of remuneration in excess of Rs.60 lacs during the financial year 2014-15.

PARTICULARS OF ENERGY CONSERVATION, TECHNOLOGY ABSORPTION, EXPENDITURE ON RESEARCH AND DEVELOPMENT, FOREIGN EXCHANGE INFLOW/OUTFLOW, ETC.

The requirements of disclosure with regard to Conservation of Energy in terms of Section 134 of the Companies Act, 2013, read with the Companies (Accounts) Rules, 2014, are not applicable to the Company since it doesn't own any manufacturing facility.

However, the Company makes all efforts towards conservation of energy, protection of environment and ensuring safety.

There are no earnings and outgoing Foreign Exchange during the year under review.

VIGIL MECHANISM

Your Company has established a 'Whistle Blower Policy and Vigil Mechanism' for directors and employees to report to the appropriate authorities concerns about unethical behavior, actual or suspected, fraud or violation of the Company's code of conduct policy and provides safeguards against victimization of employees who avail the mechanism and also provide for direct access to the Chairman of the Audit Committee. The said policy has been uploaded on the website of the Company.

MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY

There have been no material changes and commitments, if any, affecting the financial position of the Company which have occurred between the end of the financial year of the Company to which the financial statements relate and the date of the report.

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY'S OPERATIONS IN FUTURE

There have been no significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and company's operations in future.

RISK MANAGEMENT POLICY AND INTERNAL CONTROL

The Company has adopted a Risk Management Policy duly approved by the Board and also has in place a mechanism to identify, assess, monitor and mitigate various risks to key business objectives. Major risks identified by the businesses and functions are systematically addressed through mitigating actions on a continuing basis. These are discussed at the meetings of the Risk Management Committee, Audit Committee and the Board of Directors of the Company. The Company's internal control systems are commensurate with the nature of its business and the size and complexity.

DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT 2013 READ WITH RULES

Pursuant to the requirements of Section 22 of Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act 2013 read with Rules thereunder, the Company has not received any complaint of sexual harassment during the year under review.

ACKNOWLEDGEMENT

We are grateful to the Government of India, the Reserve Bank of India, the Securities and Exchange Board of India, the Stock Exchanges, and other regulatory authorities for their valuable guidance and support and wish to express our sincere appreciation for their continued co-operation and assistance. We look forward to their continued support in future.

We wish to thank our bankers, investors, rating agencies, customers and all other business associates for their support and trust reposed in us.

Your Directors express their deep sense of appreciation for all the employees whose commitment, co-operation, active participation, dedication and professionalism has made the organization's growth possible.

Finally, the Directors thank you for your continued trust and support.

For and on behalf of Purshottam Investofin Limited

Sd/- Sd/- Pravin Santlal Jain Suraj Chokhani Managing Director Director (DIN-01318161) (DIN-03547280)

---

Mar 31, 2014

Dear Members,

The Directors have immense pleasure in presenting this Annual Report on the business and operation of the company together with Audited Statement of Accounts of the Company for the year ended March 31, 2014.

FINANCIAL RESULTS

Financial results of the Company for the year under review are summarized as below:

(In Rs.)

Particulars Standalone Consolidated

Year ended Year ended Year ended Year ended 31.03.2014 31.03.2013 31.03.2014 31.03.2013

Total Income 1,22,14,767 95,23,942 1,22,14,767 95,23,942

Less: Total Expenditure 1,18,89,848 94,19,876 1,18,89,848 94,19,876

Profit / (Loss) before Tax 3,24,919 1,04,066 3,24,919 1,04,066

Less: Provision for Income tax 1,25,284 2,42,587 1,25,284 2,42,587

Deferred Tax 311 87,682 311 87,682

Profit / (Loss) After Tax 1,99,324 (2,26,203) 1,99,324 (2,26,203)

PERFORMANCE REVIEW

During the year under review, the Company has earned a net profit after tax of Rs. 1,99,324/- as compared to the loss after tax of Rs. 2,26,203/- in the previous year. Your directors are continuously looking for avenues for future growth of the Company in its business operations.

OPERATIONS

Your Company continues to take effective steps in broad-basing its range of activities.

FUTURE OUTLOOK

In the current year, your directors are putting up efforts to increase the earning speed and it is hope that the company will do better in current year as compared to last year.

With our industry leading organic growth programme and the successful integration of recent strategic investment in our company, our company is very well placed to capitalize on the positive outlook for commodities demand and to continue to deliver growth and long term value for our shareholders.

AMOUNT TRANSFERRED TO RESERVES

During the year under review, the company has transferred Rs. 64,984/- to the reserves of the Company.

DIVIDEND

Keeping in view the future requirements of funds by the company for its proposed growth and expansion, the Board expresses its inability to recommend any dividend from the available profit during the year under review.

DIRECTORS

Mr. Pravin Sant lal Jain has been appointed as Managing Director of the Company w.e.f. August 14, 2013.

Mr. Surinder Dewan, Director of the Company has been ceased from the directorship of the Company on account of his death on March 17, 2014.

Mr. Robin Garg, who was appointed as Additional Director on May 30, 2014 is being appointed as Director of the Company.

The Company had, pursuant to the Listing agreement entered into with the Stock Exchanges, appointed Mr. Atul Singla and Mr. Robin Garg as Independent Directors of the Company. As per Section 149(4) of the Companies Act, 2013 which came into effect from April 1, 2014, every listed company is required to have atleast one-third of the total number of directors as Independent Directors. In accordance with the provisions, these directors are being appointed as Independent Directors to hold office as per their tenure of appointment as mentioned in the Notice of forthcoming Annual General Meeting of the Company.

The Company has received declarations from all the Independent Directors of the Company confirming that they meet with the criteria of independence as prescribed both under sub-section (6) of Section 149 of the Companies Act, 2013 and under Clause 49 of the Listing Agreement with the Stock Exchanges.

Mr. Bharat Bhushan Bansal retires by rotation in accordance with the provisions of Articles of Association of the Company and, being eligible, offer himself for re appointment. He has vast experience of Management and operations. With his rich business experience and extensive contacts in business circles, Mr. Bharat Bhushan Bansal has contributed immensely to the growth of the company. He has served our board with his valuable knowledge.

COMPLIANCE OFFICER

As per the requirement of the Listing Agreement with the Stock Exchange, Ms. Neha Bansal, Company Secretary of the company, acts as the Compliance officer of the Company.

Ms. Sapna Bhatia had resigned from the post of Company Secretary w.e.f. July 31, 2014 and the Company should fill up the vacancy by appointing some other person thereto pursuant to the provisions of the Section 203 of the Companies Act, 2013 whereby listed company is required to appoint a Company Secretary in the Company.

Keeping in view the above legal requirements Ms. Neha Bansal was appointed as Company Secretary of the Company.

LISTING WITH STOCK EXCHANGES

The Equity Shares of the Company are listed Delhi Stock Exchange (DSE). The annual listing fee to these Exchanges and custodial fees to NSDL & CDSL have been paid by the Company for the financial year 2014-15.

However, the Company is in process of listing its equity shares on Bombay Stock exchange Limited (BSE).

DIRECTORS'' RESPONSIBILITY STATEMENT

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

a) that in the preparation of the annual accounts for the financial year ended March 31, 2014, the applicable accounting standards had been followed along with proper explanation relating to material departures, wherever applicable;

b) that the directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss of the Company for the year under review;

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

d) That the directors have prepared the annual accounts for the financial year ended March 31, 2014 on going concern basis.

AUDIT COMMITTEE

The members of the audit committee have been changed due to death of Mr. Surinder Dewan on March 17, 2014 as follows:

1. Mr. Robin Garg

2. Mr. Atul Singla

3. Mr. Sushil Kumar

The Committee oversees the Company''s financial information, reviews the quarterly/half yearly /annual financial statements before they are submitted to the Board of Directors and performs such other function as are referred to it by the terms of its reference.

CORPORATE GOVERNANCE

Your Company continues to be complied to uphold the standards of Corporate Governance and adherence to the requirements set out by Clause 49 of the Listing Agreement with the Stock Exchanges.

A detailed report on the Corporate Governance along with the Certificate confirming compliance of conditions of Corporate Governance as stipulated in clause 49 is set out in this Annual Report and forms part of the Annual Report.

AUDITORS

M/s Vipin Agarwal & Associates, Chartered Accountants, Membership No. 016544 and Firm Registration No. 014454N, appointed as Statutory Auditors of the Company, in place of M/s. Narinder Arora & Co., Chartered Accountants, the retiring Auditors of the Company who had shown their unwillingness for reappointment as Statutory Auditor of the Company.

AUDITORS'' REPORT

The observations of the Auditors in their report read together with the Notes on Accounts are self explanatory and therefore, in the opinion of the Directors, do not call for any further explanation.

DEPOSITS

Your Company has not accepted any deposits within the meaning of Section 58A of the Companies Act, 1956 read with Companies (Acceptance of Deposit) Rules, 1975 during the year under review.

As per NBFC guidelines issued by the Reserve Bank of India, the Board of Directors has passed the required resolution confirming that the Company has neither accepted any public deposits nor does it intend to do so in the coming year 2014-15.

STATEMENT OF PARTICULARS OF EMPLOYEES

None of the employee drew remuneration of Rs. 60,00,000/- or more per annum or Rs. 5,00,000/- per month during the financial year 2013-2014.This information is furnished with respect to Section 217(2A) of the Companies Act, 1956 and Amended Companies (Particulars of the Employees) Rules, 1975 forming part of the Directors'' Report.

However, pursuant to Section 219(1)(b)(iv) of Companies Act, 1956 the reports and accounts are being sent to all the shareholders of the company excluding the statement of particulars of employees. Any shareholder interested in obtaining a copy of the same may write to the Company Secretary.

HUMAN RESOURCES

The Company seeks to nurture a mutually beneficial relationship with its employees. This relationship is characterized by the investment which the Company makes in its employees by providing challenging roles and assignments opportunities for personal growth, relevant and timely performance support, training and an enabling environment. The Company seeks to create a workplace which combines achievement orientation with care for employees. The Company lists ''people'' as one of its stated core values.

Your Company takes the pride in the Commitment, Competence and dedication shown by its employees in all areas of business. Various HR initiatives are taken to align the HR Policies to the growing requirements of the business.

CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION

In view of the nature of activities which are being carried on by the Company, Rules 2A and 2B of The Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, concerning conservation of energy and technology absorption respectively, are not applicable to the Company.

FOREIGN EXCHANGE EARNINGS / OUTGO

The foreign exchange earnings and outgo in the Company are as follows:

Foreign Exchange Earnings: NIL

Foreign Exchange Outgo : NIL

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management''s Discussion & Analysis Report for the year under review, as stipulated under Clause 49 of the Listing Agreement with the Stock Exchange, is presented in a separate section forming part of the Director''s Report.

MATERIAL CHANGES

Following are the material changes and commitments, affecting the financial position of the Company between the end of the financial year of your Company and the date of the Directors'' Report:

A. Appointment of Mr. Robin Garg as independent director of the Company w.e.f.30th May 2014.

B. Listing on Bombay Stock Exchange Limited (BSE)

The Company has filed an application for listing of its equity shares on Bombay Stock Exchange Limited (BSE) for which in-principal approval has been received by the Company and the Company is in process of filing final trading approval to the concerned stock exchanges.

SECRETARIAL COMPLIANCE CERTIFICATE

According to Section 383A of the Companies Act, 1956 and the Companies (Appointment and Qualifications of Secretary) Rules, 1988, every company having a paid-up share capital of not less than rupees Five Crores shall have a whole-time secretary and where a company increase its paid up share capital to more than Rs. Five Crores then the company shall, within a period of one year from the date of such increase, will appoint a whole time company secretary.

In view of above, the Company has appointed Ms. Sapna Bhatia as a Company Secretary of the Company who had resigned w.e.f. 31st July, 2014 and as such to fill up the casual vacancy arises due to her resignation, the Board of Directors of our company has appointed Ms. Neha Bansal as the Company Secretary of the Company w.e.f. 1st August 2014.

ADOPTION OF VIGIL MECHANISM

Pursuant to sub-section (9) of section 177 of Companies Act, 2013, every listed company shall establish a vigil mechanism for their directors and employees for reporting genuine concerns or grievances.

Board has adopted vigil mechanism in its meeting which shall be operated as a part of Audit Committee.

COMPANIES ACT, 2013

The Companies Act, 2013 has become effective from April 1, 2014 and the rules relating to the Act were made effective subsequently. The Ministry of Corporate Affairs, vide circular no. 1/19/2013-CL-V dated April 4, 2014, notified that matters pertaining to maintenance of books of accounts and preparations/adoption/filing of financial statements, auditor''s report, Board''s report and attachments to such statements and reports in respect of financial years that commenced earlier than April 1, 2014 shall be governed by the relevant provisions/ schedules/ rules of the Companies Act, 1956. Thus, the Board''s report and the financial statements of the Company were prepared as per the Companies Act, 1956.

ACKNOWLEDGEMENT

The Board acknowledges with gratitude the co-operation and assistance provided by the company''s bankers, financers, government and non-government agencies. The relationship with the employees remained cordial and your director''s wish to place on record their appreciation of the contribution made by the employees at all levels. The directors also wish to thanks the shareholders for their continued support and faith reposed in the Company.

By Order of the Board of Directors For Purshottam Investofin Limited

Sd/- Sd/-

Place: New Delhi Pravin Santlal Jain Naman Jain

Date : August 14, 2014 Managing Director Director

DIN: 01318161 DIN: 03436419

R/o 64, Rajat Apartment, R/o C-125, Sushant Lok, Mount Pleasant Road, Phase-I, Gurgaon, 122001, Mumbai-400006 Haryana