Directors Report of Accuracy Shipping Ltd.

Mar 31, 2025

The Board of Directors are pleased to submit its report on the performance of the Company along with the audited standalone and
consolidated financial statements for the financial year ended March 31,2025.

1. FINANCIAL PERFORMANCE

Below is the summarization of the audited financial performance of the Company, both on a standalone and consolidated basis,
for the fiscal year ended March 31,2025, as well as the preceding year.

The brief financial results are as under	Stanc	lalone	Conso	lidated
The brief financial results are as under	Current FY Ended 31.03.2025	Previous FY Ended 31.03.2024	Current FY Ended 31.03.2025	Previous FY Ended 31.03.2024
Revenue from operations	9417.18	7050.02	9460.63	7083.27
Add: Other Income	10.45	6.24	10.52	6.33
Total Revenue	9427.63	7056.26	9471.14	7089.60
Expenses
Employee benefit expenses	186.16	168.11	186.83	170.58
Finance Cost	121.56	112.57	121.56	112.57
Depreciation	121.54	129.77	121.57	129.80
Other Expenses	8931.53	6642.34	8972.78	6672.40
Total Expenses	9360.79	7052.78	9402.74	7085.35
Profit before Tax	66.84	3.47	68.41	4.26
Tax Expenses	21.36	-1.15	21.88	-0.72
Profit after tax	45.48	4.62	46.52	4.97
No. of Shareholders	150.56	150.56	150.56	150.56
Earnings Per Share*	0.30	0.03	0.31	0.03

2. FINANCIAL HIGHLIGHTS AND STATE OF AFFAIRS OF THE COMPANY

Standalone: Your Company has reported total Income of '' 9427.63/- mn for the Financial Year ended March 31,2025 as compared
to '' 7056.26/- mn in the previous year ended March 31,2024 while the net profit for the year under review amounted to '' 45.48/-
mn in the current year as compared to '' 4.62 /- mn of previous year.

Consolidated: Your Company has reported total Income of '' 9471.15/- mn for the Financial Year ended March 31,2025 as compared
to '' 7089.60/- mn in the previous year ended March 31, 2024 and the net profit for the year under review amounted to '' 46.52
/- mn in the current year as compared to '' 4.97/- mn of previous year.

3. DIVIDEND

The Board of Directors does not recommend any dividend on Equity Share Capital for the year under review with a view to conserve
resources and plough back the profits for the Financial Year ended 31st March 2025 and strengthen the net working capital.

The Dividend Distribution Policy, in terms of Regulation 43A of the SEBI Listing Regulations is available on the Company''s website
at https://aslindia.net/investor-corner/corporate-governance/policies.

4. CREDIT RATING

CRISIL Ratings has assigned the Long-Term (Bank debt) rating of [CRISIL] BBB-/Stable.

5. CHANGE IN THE NATURE OF BUSINESS, IF ANY

There were no changes in the nature of business of your Company during the year under review.

6. ANNUAL RETURN

Pursuant to Section 92(3) read with Section 134(3) (a) of the Act, the Annual Return as on March 31,2025 is available on the website
of the Company at: https://www.aslindia.net/investor-corner/annual-reports/annual-return.

7. BOARD MEETINGS AND ATTENDENCE

The Directors of your Company met at regular intervals with
the gap between two meetings not exceeding 120 days to
review Company''s policies and strategies apart from the
Board matters. During the year under review, the Board of
Directors met 7 times on 29-05-2024, 12-08-2024, 03-09Â¬
2024, 19-09-2024, 14-11-2024, 29-01-2025 & 14-02-2025.

	No. of Board meeting
Name of Director	No. Meetings held	Attended
Mr. Vinay Dinanath Tripathi	7	7
Mrs. Rama Vinay Tripathi	7	7
Mr. Vikas Jain	7	7
Mr. Vishal Jiyalal Bisen	7	7
Mr. Varun Kacholia	7	6
Mr. Raj Kumar Poddar	7	7

8. DIRECTORS RESPONSIBILITY STATEMENT

To the best of knowledge and belief and according to
the information and explanations obtained by them, your
directors make the following statement in term of Section
134(3)(c) of the Companies Act 2013 that:

a) In the preparation of the annual accounts for the
financial year ended March 31, 2025, the applicable
Indian accounting standards have been followed and
there are no material departures for 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 true and fair view of the state of affairs of the
Company as on March 31,2025 and of the profits of the
Company for the year ended on that date.

c) Directors have taken proper and sufficient care 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;

d) Directors have prepared the annual accounts on a
going concern basis.

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

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

9. INTERNAL FINANCIAL CONTROL SYSTEMS AND ITS
ADEQUACY

Your Company has its internal financial control
systems commensurate with the size of its operations.
The management regularly monitors the safeguarding of its

assets, prevention and detection of frauds and errors, and
the accuracy and completeness of the accounting records
including optimal utilization of resources, reliability of its
financial information and compliance and timely preparation
of reliable financial information.

Clearly defined roles and responsibilities have been
institutionalized. Systems and procedures are periodically
reviewed to keep pace with the growing size and complexity
of your Company''s operations.

10. TRANSFER TO RESERVES IN TERMS OF SECTION 134
(3) (J) OF THE COMPANIES ACT, 2013

For the financial year ended 31^st March, 2025, the Company
has proposed to carry an amount of '' 45.48/- mn to General
Reserve Account.

11. DEPOSITS

Your Company has not accepted any deposits from the
public falling within the purview of Section 73 and 74 of
the Companies Act, 2013 read together with the Companies
(Acceptance of Deposit) Rules, 2014; therefore, there was
no principal or interest outstanding as on the date of the
balance sheet.

12. PARTICULARS OF LOANS, GUARANTEES OR
INVESTMENTS

During the year under review, your Company has not made
/ given / advanced any Loan, Guarantee during the financial
year covered under section 186 of the Companies Act, 2013.

13. PARTICULARS OF CONTRACTS OR ARRANGEMENTS
MADE WITH RELATED PARTIES

All contracts, arrangements and transactions entered by
the Company with related parties during the financial year
2024-25 were in the ordinary course of business and on
an arm''s length basis. During the year, the Company did
not enter into any transaction, contract or arrangement
with related parties, which could be considered material,
in accordance with the Company''s Policy on dealing with
Related Party Transactions ("RPT Policy"). Accordingly, the
disclosure of related party transactions as required under
Section 134(3)(h) of the Act in Form AOC-2 is not applicable.

During the year under review, all related party transactions
entered into by the Company were

approved by the Audit Committee. Prior omnibus approval
of the Audit Committee is obtained for the transactions
which are foreseen and are repetitive in nature.

As required under the Indian Accounting Standards, related
party transactions are disclosed in Notes to the Company''s
financial statements for the financial year ended March 31,
2025.

In accordance with the requirements of the Listing
Regulations, the Company has adopted a Policy on
Materiality of Related Party Transactions and the same has
been placed on the website of the Company at https://
aslindia.net/investor-corner/corporate-governance/policies

14. SUBSIDIARY, ASSOCIATE AND JOINT VENTURE
COMPANY

As on date of this report the company has one Wholly
Owned subsidiary (Wos) M/s. Jayant Logistics Private Limited
(U63020GJ2010PTC061181) having registered office at Plot
No. 3, Ishan Ceramic Zone, 3^rd Floor, Shop no. T-3, Wing A,
Lalpar, Rajkot, Morbi- 363642 Gujarat, India.

The Company has, in accordance with the provision of Section
129(3) of the Companies Act, 2013, prepared consolidated
Financial Statements of the Company and its Wos, which
form part of the Annual Report. Further, salient features of
Financial Statements of the Wos are provided under in form
no. AOC-1 is attached to this report Annexure-1 to this
report.

As of the end of the fiscal year, the Company does not have
any affiliated or jointly operated entities.

15. CONSOLIDATED FINANCIAL STATEMENTS

The consolidated financial statements for the financial year
ended March 31, 2025, are prepared in accordance with
Indian Accounting Standards as per the Companies (Indian
Accounting Standards) Rules, 2015 notified under section
133 and other relevant provisions of the Act.

As per the provisions of Section 136 of the Act, the Company
has placed separate audited accounts of its subsidiary on
its website at https://www.aslindia.net/investor-corner/
annual-reports/subsidiary-annual-report a copy of separate
audited financial statements of its subsidiaries will be
provided to shareholders upon their request.

16. LISTING STATUS

The Company''s equity shares are listed on National Stock
Exchange of India Limited ("NSE"). The Company has paid the
listing fees to NSE and the Annual Custody Fee to National
Securities Depository Limited and Central Depository
Services (India) Limited for the financial year ended March 31,
2025.

Subsequent to the financial year, the Company applied on
16th June, 2025. for Direct Listing of its equity shares on BSE
Limited ("BSE"). The Company received In-Principle approval
from BSE on 12th August, 2025, and the necessary formalities
for completion of the Direct Listing are in progress.

17. MATERIAL CHANGES AND COMMITMENT, IF ANY,
AFFECTING THE FINANCIAL POSITION OF THE
COMPANY

As per the provisions of Rule 8 (5)(vii) of the Companies
(Accounts) Rules, 2014 there is no material changes has
occurred between the end of the financial year of the
Company to which the financial statements relate and the
date of the report, which is affecting the financial position
of the Company.

18. STATUTORY AUDITOR

M/s. Lahoti & Lahoti, Chartered Accountants (Firm Registration
No. 112076W), was originally appointed as Statutory Auditor
by Shareholders at their 07^th AGM held on September 30,

2015 for a first five-year term and re-appointed at the 12^thAGM held on September 30, 2020 for a second five-year term,
from the conclusion of said AGM till the conclusion of the
17^th AGM.

In accordance with the provisions of Section 139 of the Act
and the applicable rules made thereunder, M/s. Lahoti &
Lahoti will complete their second and final consecutive term
as Statutory Auditors at the conclusion of the ensuing AGM.
The Board places on record its sincere appreciation for the
professional services rendered by the firm during their
tenure.

In view of the retirement of the existing Statutory Auditors,
upon completion of their tenure, and based on the
recommendation of the Audit Committee, the Board of
Directors, at its meeting held on September 02, 2025, has
approved the proposal for appointment of M/s. Data & Co.,
Chartered Accountants (Firm Registration No. 105013W), as
the Statutory Auditors of the Company for a first term of five
(5) consecutive years, subject to approval of the shareholders
at the ensuing Annual General Meeting.

Accordingly, the proposal for appointment of M/s. Data & Co.,
as Statutory Auditors of the Company forms part of the Notice
of Annual General Meeting for approval of the Members

The Company has received the written consent from
M/s. Data & Co., along with a certificate confirming that they
satisfy the eligibility criteria prescribed under Section 141 of
the Act, and that their proposed appointment would be in
compliance with the applicable provisions of the said Act
and the rules framed thereunder.

M/s. Lahoti & Lahoti, existing Statutory Auditors of the
Company, have audited the Financial Statements (Standalone
& Consolidated) for the financial year ended March 31,2025,
and have issued an unmodified opinion thereon. The Audit
Report does not contain any qualification, reservation,
adverse remark, or disclaimer that requires any explanation
or comment by the Board of Directors.

Details in respect of frauds reported by Auditors

During the year under review, no instances of fraud
committed against the Company, by its officers or employees
were reported by the Statutory Auditors and Secretarial
Auditors, under Section 143(12) of the Act, to the Audit
Committee or the Board of Directors of the Company.

19. SECRETARIAL AUDITOR

Pursuant to the provisions of Section 204(1) of the Act,
read with Rule 9 of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 and
the Listing Regulations, the Company, with the approval
of its Board of Directors, appointed M/s. Piyush Prajapati &
Associates, Practicing Company Secretaries (Certificate of
Practice number 18332), to conduct the Secretarial Audit of
the Company for the FY 2024-25.

The Secretarial Audit Report for the FY 2024-25 issued by
Secretarial Auditor is enclosed as Annexure -6 and forms

a part of this Report. There is no qualification, reservation or
adverse remark or disclaimer in secretarial Audit report

In accordance with Section 204 and other applicable
provisions, if any, of the Act, read with Rule 9 of the Companies
(Appointment & Remuneration of Managerial Personnel)
Rules, 2014, (including any statutory modification(s) or
re-enactment(s) thereof, for the time being in force),
Regulation 24A of the Listing Regulations, and based on the
recommendation of the Audit Committee, it is proposed
to appoint M/s. Piyush Prajapati & Associates, Practicing
Company Secretaries, having (Certificate of Practice number
18332), and Peer Review Certificate No. 1443/2021, as the
Secretarial Auditor of the Company for a period of five (5)
years, commencing on April 01, 2025, until March 31, 2030,
to conduct a Secretarial Audit of the Company and to furnish
the Secretarial Audit Report.

M/s. Piyush Prajapati & Associates has provided its consent
to act as the Secretarial Auditor of the Company and has
confirmed that the proposed appointment, if approved,
will be in accordance with the applicable provisions of the
Act and the Listing Regulations. Accordingly, approval of
the Shareholders is being sought for the appointment of
M/s. Piyush Prajapati & Associates, as the Secretarial Auditor
of the Company. The requisite disclosures pertaining to the
proposed appointment are included in the Notice of the
Annual General Meeting, which forms part of the Annual
Report.

Secretarial Audit Report and Annual Secretarial
Compliance Report

In accordance with the provisions of applicable laws, the
Company has undertaken an audit of its secretarial records
and compliance practices for the financial year ended
March 31,2025. This audit was conducted to verify adherence
to the applicable regulations, circulars, and guidelines issued
under the SEBI Act.

The Annual Secretarial Compliance Report, issued by a
Practicing Company Secretary, has been submitted to the
Stock Exchanges within the prescribed timeline of sixty (60)
days from the end of the financial year, as required under the
Listing Regulations.

20. INTERNAL AUDITOR

CA Khushboo Goyal (Membership no. 184274) was appointed
as the Internal Auditor of the Company for the financial year
2024-25.

The idea behind conducting Internal Audit is to examine
that the company is carrying out its operations effectively
and performing the processes, procedures and functions as
per the prescribed norms. The Internal Auditor reviewed the
adequacy and efficiency of the key internal controls guided
by the Audit Committee.

During the year under review, the Internal Auditor have
not reported any matter under Section 143(12) of the Act.
Therefore, no details are required to be disclosed under
Section 134 (3) (ca) of the Act.

21. DECLARACTION BY INDEPENDENT DIRECTORS

All the Independent Directors of the Company have given
declarations and confirmed that they meet the criteria of
independence as provided under Section 149(6) of the Act
and Regulation 16(1)(b) of the SEBI Listing Regulations and
that they are not aware of any circumstance or situation,
which exist or may be reasonably anticipated, that could
impair or impact their ability to discharge their duties
with an objective independent judgment and without
any external influence. The Independent Directors of the
Company are registered in the Independent Directors
data bank maintained by the Indian Institute of Corporate
Affairs ("IICA") and unless exempted, have also passed the
online proficiency self-assessment test conducted by IICA.
The Board of the Company after taking these declarations on
record and undertaking due veracity of the same, concluded
that the Independent Directors of the Company are persons
of integrity and possess the relevant expertise, experience
and proficiency to qualify as Independent Directors and are
Independent of the management of the Company.

Board Diversity

A diverse Board enables efficient functioning through
its access to broad perspectives and diverse thought
processes. A truly diverse Board includes and makes good
use of differences in the thought, perspective, knowledge,
skills, industry experience, background, gender and other
distinctions between Directors. The Board recognizes the
importance of a diverse composition and has adopted
a Board Diversity Policy which sets out the approach to
diversity.

22. MEETING OF INDEPENDENT DIRECTORS

Meeting of the Independent Directors without the
presence of Non- Independent Directors and members of
Management was duly held on March 29, 2025, where the
Independent Directors inter alia evaluated the performance
of Non-Independent Directors and the Board of Directors as
a whole, reviewed the performance of Chairperson of the
Board and assessed the quality, quantity and timeliness of
the flow of information between the Management of the
Company and the Board of Directors.

23. FAMILIARIZATION PROGRAMMES FOR INDEPENDENT
DIRECTORS

All Directors including Independent Directors go through a
structured orientation/ familiarization programme to make
them familiar with their roles, rights and responsibilities
in the Company at the time of appointment and also
on a recurrent basis. The details of various programmes
undertaken for familiarizing the Independent Directors are
available on the website of the Company at https://aslindia.
net/investor-corner/corporate-governance/policies

24. BOARD EVALUATION

Pursuant to the provisions of the Act and the Listing
Regulations, Company has put in place a criteria for annual
evaluation of performance of Chairperson, Individual

Directors (Independent & Non - Independent), Board Level
Committees and the Board as a whole.

Board evaluated the effectiveness of its functioning and that
of Committees and of Individual Directors by seeking their
inputs on various aspects of Board/ Committee Governance.
Aspects covered in the evaluation included criteria of
corporate governance practices, role played by the Board in
decision making, evaluating strategic proposals, discussing
annual budgets, assessing adequacy of internal controls,
review of risk Management procedures, participation
in the long-term strategic planning, the fulfilment of
Directors'' obligations and fiduciary responsibilities and
active participation at Board and Committee meetings.
Performance evaluation was made on the basis of structured
questionnaire considering the indicative criteria as prescribed
by the Evaluation Policy of the Company. The evaluation
policy can be accessed on the website of the Company at
https://aslindia.net/investor-corner/corporate-governance/
policies

In a separate meeting of the Independent Directors, the
performance of the Non-Independent Directors, the Board
as a whole and Chairman of the Board were evaluated.

25. BOARD''S RESPONSE ON AUDITOR''S QUALIFICATION,
RESERVATION OR ADVERSE REMARKS OR
DISCLAIMER MADE

There are no qualifications, reservations or adverse remarks
made by the statutory auditors in their report for the year
ended 31^st March, 2025. During the year, there were no
instances of frauds reported by auditors under Section
143(12) of the Companies Act, 2013.

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

The provision relating to Section 134(3)(m) read with rule 8
of the Companies (Accounts) Rules, 2014 of the Companies
Act, 2013 relating to conservation of energy and technology
absorption, earnings and outgo in foreign exchange during
the financial year 2024-25 has been stated under:

(A) Conservation of Energy, Technology Absorption

The particulars required under the provisions of section
134(3)(m) of the Companies Act, 2013 in respect of
conservation of energy and technology absorption
have not been furnished considering the nature of
activities undertaken by the Company during the year
under review

(B) Foreign exchange earnings and Outgo-

Foreign exchange earnings	2154.20
Foreign exchange Outgo	432.48

27. BOARD OF DIRECTORS AND KEY MANAGERIAL
PERSONNEL

As on March 31, 2025, The Board consist of following
Directors.

Name of Director	Designation
Mr. Vinay Dinanath Tripathi	Managing Director
Mrs. Rama Vinay Tripathi	Whole-time Director
Mr. Vikas Jain	Non- Executive Director
Mr. Vishal Jiyalal Bisen*	Non-Executive Independent Director
Mr. Raj Kumar Poddar	Non-Executive Independent Director
Mr. Varun Kacholia	Non-Executive Independent Director

*Following the conclusion of the financial year, Mr. Vishal Jiyalal
Bisen (DIN: 05172065) resigned from the post of Independent
Director, with effect from May 30, 2025. The Board of Directors, at
its meeting held on the same date, appointed Ms. Kalpana Kumari
(DIN: 08659377) as an Additional Director in the category of
Non-Executive Independent Director, with effect from May 30, 2025.
Her appointment as an Independent Director was subsequently
approved by the shareholders through the postal ballot process
on August 02, 2025.

Key Managerial Personnel

As on March 31, 2025, following are the Key Managerial

Personnel

Name	Designation
Mr. Vinay Dinanath Tripathi	Managing Director
Mrs. Rama Vinay Tripathi	Whole-time Director
Mr. Ashish Lalwani	Chief Financial Officer
Ms. Shivani Palan**	Company Secretary

**During the financial year 2024-25, Ms. Shipra Jhawar, Company
Secretary and Compliance Officer of the Company, resigned with
effect from September 04, 2024. Subsequently, Ms. Shivani Palan
was appointed as the Company Secretary and Compliance Officer
of the Company with effect from September 05, 2024.

Re-appointments proposed at the AGM

In accordance with the provisions of the Companies Act and
the Articles of Association of the Company, Mrs. Rama Tripathi
(DIN: 05133579), Whole-time Director, retires by rotation at the
ensuing Annual General Meeting and, being eligible, offers
herself for re-appointment. Based on the recommendation of
the Nomination and Remuneration Committee, the Board of
Directors recommends her re-appointment as a Whole-time
Director, liable to retire by rotation.

The Notice of the AGM provides detailed information
regarding the proposed re-appointment, along with the
requisite disclosures mandated by applicable regulatory
authorities.

28. CORPORATE GOVERNANCE

Your Company believes in conducting its affairs in a fair,
transparent and professional manner and maintaining
good ethical standards, transparency and accountability
in its dealings with all its constituents. As required under
the Listing Regulations, a detailed report on Corporate
Governance along with the Auditors'' Certificate thereon
forms part of this report.

29. COMMITTEES OF THE BOARD

As on March 31,2025, pursuant to the requirement under the
Act and the Listing Regulations, the Board of Directors had
the following Committees:

i. Audit Committee;

ii. Nomination and Remuneration Committee;

iii. Stakeholders'' Relationship Committee; and

iv. Corporate Social Responsibility Committee

The composition, terms of reference of the Committees and
number of meetings held during the year are provided in
the Corporate Governance Report, which forms a part of this
annual report.

During the year, all the recommendations made by the Board
Committees, including the Audit Committee, were accepted
by the Board.

30. POLICIES

A. RISK MANAGEMENT POLICY

The Company has in place a mechanism to identify,
assess, monitor and mitigate various risks towards the
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 Board of
Directors of the Company. The board is of the opinion
that there were no major risks affecting the existence
of the company. The Risk Management policy can be
accessed on the website of the Company at https://
aslindia.net/investor-corner/corporate-governance/
policies

B. ESTABLISHMENT OF VIGIL MECHANISM /
WHISTLE BLOWER POLICY FOR DIRECTORS AND
EMPLOYEES

Your Company promotes ethical behaviour in all its
business activities and has put in place a mechanism
wherein the employees are free to report illegal or
unethical behaviour, actual or suspected fraud or
violation of the Company''s Codes of Conduct or
Corporate Governance Policies or any improper
activity to the Chairman of the Audit Committee of
the Company or Chairman of the Board.

The Whistleblower Policy has been duly communicated
within your Company.

Under the Whistle Blower Policy, the confidentiality of
those reporting violation(s) is protected and they are not
subject to any discriminatory practices. No personnel
have been denied access to the Audit Committee in this
regard. The Vigil Mechanism and Whistle Blower Policy
may be accessed on the Company''s website at https://
aslindia.net/investor-corner/corporate-governance/
policies

C. SEXUAL HARASSMENT OF WOMEN AT
WORKPLACE (PREVENTION, PROHIBITION AND
REDRESSAL) ACT, 2013

Details of complaints received and resolved during the
financial year are as follows:

(a) number of complaints of sexual harassment
received in the year; - Nil

(b) number of complaints disposed off during the
year; and- Nil

All employees (permanent, contractual, temporary,
trainees) are covered under this policy. The policy
adopted by the Company for Prevention of Sexual
Harassment is available on its website at https://
aslindia.net/investor-corner/corporate-governance/
policies

D. DETAILS OF POLICIES DEVELOPED AND
IMPLEMENTED BY THE COMPANY ON ITS
CORPORATE SOCIAL RESPONSIBILITY
INITIATIVES

During the financial year 2024-25, the provisions
of Section 135 of the Companies Act, 2013 relating
to Corporate Social Responsibility (CSR) were not
applicable to the Company. Accordingly, the Company
was not required to undertake CSR activities during the
year under review.

The policy adopted by the Company for Corporate
Social Responsibility is available on its website at https://
aslindia.net/investor-corner/corporate-governance/
policies

E. NOMINATION AND REMUNERATION POLICY

In accordance with the guidelines outlined in Section
134(3)(e) and 178(3) of the Act, along with the
corresponding Regulation 19 of the Listing Regulations,
the Nomination and Remuneration Committee of the
Board has formulated a Nomination & Remuneration
Policy for the appointment and determination
of remuneration of the Directors, key Managerial
Personnel (''KMP'') and other employees of Company.
The Committee has also developed the criteria for
determining the qualifications, positive attributes and
independence of Directors and for making payments
to Executive and Non-Executive Directors of the
Company.

Year wise amount of unpaid/unclaimed dividend lying in the unpaid account upto the Year and the corresponding shares, which
are liable to be transferred to the IEPF, and the due dates for such transfer are as under:

Financial Year	Type of Dividend	Date of declaration of Dividend	Number of Shareholders against whom Dividend amount is unpaid	Amount Unpaid as on March 31, 2025 (in '')	Shares & unpaid/unclaimed dividend liable to be transferred to the IEPF and due dates.
2018-19	Interim Dividend	02-08-2018	3	3592	Proposed Due Date of transfer to IEPF (06-10-2025)
2021-22	Interim Dividend	25-02-2022	200	5,857	Proposed Due Date of transfer to IEPF (01-05-2029)
2021-22	Final Dividend	22-09-2022	33	21,316	Proposed Due Date of transfer to IEPF (26-11-2029)
2022-23	Interim Dividend	22-08-2022	269	25,173	Proposed Due Date of transfer to IEPF (26-10-2029)

The details of unpaid/unclaimed dividends amounts are also available on the Company''s website and can be accessed at: https://
aslindia.net/investor-corner/company-announcements/unpaid-unclaimed-dividend

The Board of Directors affirms that the remuneration
paid to the Directors, KMP and other employees is in
accordance with the Nomination and Remuneration
Policy of the Company. Key aspects of this Policy are
outlined in the Corporate Governance Report, included
within Annual Report and also available for reference
on the Company''s website at https://aslindia.net/
investor-corner/corporate-governance/policies

31. SHARE CAPITAL

The Authorized share capital of the Company as on
31^st March, 2025 is '' 20,00,00,000/- divided into 20,00,00,000
equity shares of '' 01/- each.

The Paid-up Share Capital of the Company as on 31^st March,
2025 was '' 15,05,60,000/- divided into 15,05,60,000 Equity
Shares of '' 01/- each fully paid up.

During the period under review, your Company has not
issued any shares with differential rights, sweat equity shares
and equity shares under employee''s stock option scheme.
Your Company has also not bought back its own shares
during the period under review.

32. DEMATERIALISATION OF EQUITY SHARES

The entire Shareholding of the Company is in Demat form.
The ISIN No. allotted is INE648Z01023.

33. PARTICULARS OF EMPLOYEES

Details in terms of the provisions of Section 197 of the
Companies Act, 2013 read with Rule 5(2) of the Companies
(Appointment and Remuneration) Rules 2014, the names
and other particulars of the employee are appended as
Annexure 2 to the Boards'' Report.

34. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

In compliance with Regulation 34 of the Listing Regulations,
a separate section on Management Discussion and Analysis
(''MDA''), which includes details on the state of affairs of the
Company, forms part of Annual Report.

35. DISCLOSURE OF ACCOUNTING TREATMENT

In the preparation of the financial statements, the Company
has followed the Indian Accounting Standards referred to
in Section 133 of the Companies Act, 2013. The significant
accounting policies which are consistently applied are set
out in the Notes to the Financial Statements.

36. PREVENTION OF INSIDER TRADING AND CODE OF
FAIR DISCLOSURE:

The Board has formulated a code of internal procedures and
conduct to regulate, monitor and

report trading by Insiders. This code lays down guidelines,
procedures to be followed and disclosures to be made by

the insiders while dealing with shares of the Company and
cautioning them on consequences of non-compliances.
The copy of the same is available on the website of
the Company at https://aslindia.net/investor-corner/
corporate-governance/policies

37. OTHER DISCLOSURES

I. The Company does not have any Employee Stock
Option Scheme & Employee Stock Purchase Scheme
for its Employees/ Directors.

II. The Company has not issued sweat equity shares and
shares with differential rights as to dividend, voting or
otherwise.

III. The Company has devised proper systems to ensure
compliance with the provisions of all applicable
Secretarial Standards issued by the Institute of
Company Secretaries of India and that such systems
are adequate and operating effectively.

IV. There were no significant or material orders passed
by the regulators or courts or tribunals which could
impact the going concern status of the Company and
its future operations.

V. There are no applications made or proceedings
pending against the Company under the Insolvency
and Bankruptcy Code, 2016.

VI. The Company has not entered into one time settlement
with any Banks or Financial Institutions during the year.
Hence, disclosure pertaining to difference between
amount of the valuation done at the time of one-time
settlement and the valuation done while taking loan is
not applicable.

VII. The Company is not required to make and maintain
such accounts and cost records as specified by the
Central Government under sub- section (1) of Section
148 of the Act read with the Companies (Accounts)
Rules, 2014.

38. INVESTOR EDUCATION PROTECTION FUND (IEPF) -
FUND TRANSFER OF UNCLAIMED DIVIDENDS

In terms of the provisions of Section 125 and other applicable
provisions of the Companies Act, 2013 and the Rules made
thereunder, the amount that remained unclaimed for a
period of seven years is required to be transferred to the
Investor Education and Protection Fund (IEPF) administered
by the Central Government.

The said requirement does not apply to shares in respect
of which there is a specific order of the Court, Tribunal or
Statutory Authority, restraining any transfer of shares.

39. COMPLIANCE WITH THE MATERNITY BENEFIT ACT,
1961

The Company has complied with the provisions of the
Maternity Benefit Act, 1961, including all applicable
amendments and rules framed thereunder. The Company
is committed to ensuring a safe, inclusive, and supportive
workplace for women employees. All eligible women
employees are provided with maternity benefits as
prescribed under the Maternity Benefit Act, 1961, including
paid maternity leave, nursing breaks, and protection from
dismissal during maternity leave.

The Company also ensures that no discrimination is made
in recruitment or service conditions on the grounds of

maternity. Necessary internal systems and HR policies are in
place to uphold the spirit and letter of the legislation.

40. ACKNOWLEDGEMENT

The Directors wish to place on record their appreciation for
the continued co-operation and support extended to the
Company by government authorities, customers, vendors,
regulators, banks, financial institutions, rating agencies, stock
exchange, depositories, auditors, legal advisors, consultants,
business associates, members and other stakeholders
during the year. The Directors also convey their appreciation
to employees at all levels for their contribution, dedicated
services and confidence in the management.

For & on behalf of the Board of Directors

Sd/-

Vinay Tripathi

Date: September 02, 2025 Chairman & Managing Director

Place: Anjar DIN- 02344536

Mar 31, 2024

The Board of Directors have pleasure in presenting this 16^th Annual Report on the affairs of the Company together with the Audited Statement of Accounts for the Financial Year ended on 31^st March, 2024. The consolidated performance of the Company and its subsidiaries has been referred to wherever required.

1. FINANCIAL RESULTS:

The financial performance of your Company for the Financial Year ended on March 31, 2024 vis-a-vis previous Financial Year ended March 31, 2023 is given below:

(Amounts are in Indian Rupees in Millions)
	Standalone		Consolidated
The brief financial results are as under	Current FY	Previous FY	Current FY	Previous FY
	Ended 31.03.2024	Ended 31.03.2023	Ended 31.03.2024	Ended 31.03.2023
Revenue from operations	7050.02	8756.51	7083.27	8773.40
ADD: Other Income	6.24	14.45	6.33	14.57
Total Revenue	7056.26	8770.97	7089.60	8787.97
EXPENSES
Employee benefit expenses	168.11	139.95	170.58	141.36
Finance Cost	112.57	117.54	112.57	117.55
Depreciation	129.77	123.31	129.80	123.35
Other Expenses	6642.34	8273.95	6672.40	8285.51
TOTAL EXPENSES	7052.78	8654.75	7085.35	8667.67
Profit before Tax	3.47	116.22	4.26	120.20
TAX EXPENSES	-1.15	36.97	-0.72	38
Profit after tax	4.62	79.25	4.97	82.19
No. of Shareholders	150.56	150.56	150.56	150.56
Earnings Per Share*	0.03	0.53	0.03	0.55

2. FINANCIAL HIGHLIGHTS AND STATE OF AFFAIRS OF THE COMPANY:

Standalone: Your Company has reported total Income of Rs. 7056.26/- mn for the Financial Year ended March 31, 2024 as compared to Rs. 8770.97/- mn in the previous year ended March 31, 2023 due to Global Economic Uncertainty, Supply Chain Disruptions and Shift in consumer demands while the net profit for the year under review amounted to Rs. 4.62/- mn in the current year as compared to Rs. 79.25 /- mn of previous year.

Consolidated: Your Company has reported total Income of Rs. 7089.60/- mn for the Financial Year ended March 31, 2024 as compared to Rs. 8787.97/- mn in the previous year ended March 31, 2023 and the net profit for the year under review amounted to Rs. 4.97/- mn in the current year as compared to Rs. 82.19/- mn of previous year.

3. DIVIDEND:

The Board of Directors does not recommend any dividend on Equity Share Capital for the year under review with a view to conserve resources and plough back the profits for the Financial Year ended 31st March 2024 and strengthen the net working capital.

The Dividend Distribution Policy, in terms of Regulation 43A of the SEBI Listing Regulations is available on the Company''s website on https://www.aslindia.net/corporate-governance/policies-code-of-conduct-terms-conditions-etc-.html.

4. CHANGE IN THE NATURE OF BUSINESS, IF ANY

There were no changes in the nature of business of your Company during the year under review.

5. EXTRACT OF ANNUAL RETURN

Extract Of Annual Return Pursuant to Section 134(3)(a) of the Act, the draft annual return as on 31st March 2024, prepared in accordance with Section 92(3) of the Act, is made available on the website of the Company and can be assessed using the link: www.aslindia.net

6. BOARD MEETINGS AND ATTENDENCE

The Directors of your Company met at regular intervals with the gap between two meetings not exceeding 120 days to review Company''s policies and strategies apart from the Board matters. During the year under review, the Board of Directors met 8 times on 10-04-2023, 17-04-2023, 27-05-2023, 27-06-2023, 12-082023, 05-09-2023, 10-11-2023 & 13-02-2024.

	No. of Board meeting
Name of Director	No. Meetings held	Attended
Mr. Vinay Dinanath Tripathi	8	8
Mrs. Rama Vinay Tripathi	8	8
Mr. Vikas Jain	8	8
Mr. Vishal Jiyalal Bisen	8	7
Mr. Varun Kacholia	8	8
Mr. Raj Kumar Poddar	8	8

7. DIRECTORS RESPONSIBILITY STATEMENT:

To the best of knowledge and belief and according to the information and explanations obtained by them, your directors make the following statement in term of Section 134(3)(c) of the Companies Act 2013 that:

a) In the preparation of the annual accounts for the financial year ended March 31, 2024, the applicable Indian accounting standards have been followed and there are no material departures for 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 true and fair view of the state of affairs of the Company as on March 31, 2024 and of the profits of the Company for the year ended on that date.

c) Directors have taken proper and sufficient care 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;

d) Directors have prepared the annual accounts on a going concern basis.

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

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

8. INTERNAL FINANCIAL CONTROL SYSTEMS AND ITS ADEQUACY

Your Company has its internal financial control systems commensurate with the size of its operations. The management regularly monitors the safeguarding of its assets, prevention and detection of frauds and errors, and the accuracy and completeness of the accounting records including optimal utilization of resources, reliability of its financial information and compliance and timely preparation of reliable financial information.

Clearly defined roles and responsibilities have been institutionalized. Systems and procedures are periodically reviewed to keep pace with the growing size and complexity of your Company''s operations.

9. TRANSFER TO RESERVES IN TERMS OF SECTION 134 (3) (J) OF THE COMPANIES ACT, 2013

For the financial year ended 31st March, 2024, the Company has proposed to carry an amount of Rs 4.62/- mn to General Reserve Account.

10. DEPOSITS:

Your Company has not accepted any deposits from the public falling within the purview of Section 73 and 74 of the Companies Act, 2013 read together with the Companies (Acceptance of Deposit) Rules, 2014; therefore there was no principal or interest outstanding as on the date of the balance sheet.

11. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

During the year under review, your Company has not made / given / advanced any Loan, Guarantee during the financial year covered under section 186 of the Companies Act, 2013.

12. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

All the transactions with related parties are placed before the Audit Committee for its approval. An omnibus approval from the Audit Committee is obtained for the related party transactions which are repetitive in nature.

All the transactions with related parties entered into during the financial year under review were at an arm''s length basis and in the ordinary course of business and in accordance with the provisions of the Act and the rules made thereunder, the SEBI Listing Regulations and your Company''s Policy on Related Party Transactions.

Your Company has not entered into any transactions with related parties which could be considered material in terms of Section 188 of the Act. Accordingly, the disclosure of related party transactions as required under Section 134(3)(h) of the Act, in Form AOC 2, is not applicable.

13. SUBSIDIARY, ASSOCIATE AND JOINT VENTURE COMPANY:

As on date of this report the company has one Wholly Owned subsidiary M/s. Jayant Logistics Private Limited (U63020GJ2010PTC061181) having registered office at Plot No. 3, Ishan Ceramic Zone, 3^rdFloor, Shopno. T-3, Wing A, Lalpar, Rajkot, Morbi- 363642 Gujarat, India.

Pursuant to the provision of Section 129(3) of the Companies Act, 2013 read with Companies (Accounts) Rules 2014, a statement containing the salient features of financial statements of the subsidiary in form no. AOC-1 is attached to this report Annexure-2 to this report. The statement also provides details of the performance and financial position of the subsidiary.

14. CONSOLIDATED FINANCIAL STATEMENTS:

The consolidated financial statements for the financial year ended March 31, 2024, are prepared in accordance with Indian Accounting Standards as per the Companies (Indian Accounting Standards) Rules, 2015 notified under section 133 and other relevant provisions of the Act.

As per the provisions of Section 136 of the Act, the Company has placed separate audited accounts of its subsidiary on its website at www.aslindia.net a copy of separate audited financial statements of its subsidiaries will be provided to shareholders upon their request.

15. LISTING STATUS:

The Company''s equity shares are listed on National Stock Exchange of India Limited ("NSE"). The Company has paid the listing fees to NSE and the Annual Custody Fee to National Securities Depository Limited and Central Depository Services (India) Limited for the financial year ended March 31, 2024.

16. MATERIAL CHANGES AND COMMITMENT, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY

As per the provisions of Rule 8 (5)(vii) of the Companies (Accounts) Rules, 2014 there is no material changes has occurred between the end of the financial year of the Company to which the financial statements relate and the date of the report, which is affecting the financial position of the Company.

17. STATUTORY AUDITOR

Pursuant to the provisions of Section 139 of the Companies Act, 2013 and rules framed thereafter, M/s Lahoti & Lahoti, Chartered Accountants (Firm Registration No: 112076W), Gandhidham has been appointed as Statutory Auditors of the Company from the conclusion of the 12th Annual General Meeting (AGM) of the Company held on 30th of September, 2020 till the conclusion of 17th Annual General Meeting.

In pursuant to Companies Amendment Act, 2017, enforced on 7th May, 2018 by Ministry of Corporate Affairs, the appointment of statutory auditor is not required to be ratified at every annual general meeting.

COMMENTS ON AUDITORS'' REPORT OR EXPLANATION TO AUDITOR''S REMARKS:

The Auditors'' Report for the financial year ended on March 31, 2024 forms part of this Annual Report and the same does not contain any qualification, reservation or adverse remark.

There have been no instances of fraud reported by the Auditors under Section 143(12) of the Companies Act, 2013.

18. SECRETARIAL AUDITOR

The Board has appointed M/s. Piyush Prajapati & Associates, Practicing Company Secretaries, to conduct Secretarial Audit for the financial year ended March 31, 2024. The Secretarial Audit Report for the financial year ended March 31, 2024 is annexed herewith marked as Annexure: 7 to this Report. The Secretarial Audit Report does not contain any qualification, reservation or adverse remark.

During the year under review, the Secretarial Auditors have not reported any matter under Section 143(12) of the Act. Therefore, no details are required to be disclosed under Section 134 (3) (ca) of the Act.

19. MEETING OF INDEPENDENT DIRECTORS:

Meeting of the Independent Directors without the presence of Non- Independent Directors and members of Management was duly held on March 30, 2024, where the Independent Directors inter alia evaluated the performance of Non-Independent Directors and the Board of Directors as a whole, reviewed the performance of Chairperson of the Board and assessed the quality, quantity and timeliness of the flow of information between the Management of the Company and the Board of Directors.

20. DECLARATION BY INDEPENDENT DIRECTORS:

All Independent Directors have submitted requisite declarations confirming that they continue to meet the criteria of independence as provided in Section 149(6) of the Act and Regulation 16(1) (b) of the Listing Regulations. Based on the declarations submitted by the Independent Directors, Board is of the opinion that the Independent Directors fulfil the conditions specified in the Act and Listing Regulations and are independent of the Management.

Independent Directors have also confirmed of having complied with Rule 6(1) and 6(2) of the Companies (Appointment and Qualification of Directors) Rules, 2014, as amended, by including/ registering their names in the data bank of Independent Directors maintained with Indian Institute of Corporate Affairs.

In the opinion of the Board, all the Independent Directors have the integrity, expertise and experience, including the proficiency required to effectively discharge their roles and responsibilities in directing and guiding the affairs of the Company.

21. FAMILIARIZATION PROGRAMMES FOR INDEPENDENT DIRECTORS:

All Directors including Independent Directors go through a structured orientation/ familiarization programme to make them familiar with their roles, rights and responsibilities in the Company at the time of appointment and also on a recurrent basis. The details of various programmes undertaken for familiarizing the Independent Directors are available on the website of the Company at www.aslindia.net.

22. BOARD EVALUATION:

Pursuant to the provisions of the Act and the Listing Regulations, Company has put in place a criteria for annual evaluation of performance of Chairperson, Individual Directors (Independent & Non -Independent), Board Level Committees and the Board as a whole.

Board evaluated the effectiveness of its functioning and that of Committees and of Individual Directors by seeking their inputs on various aspects of Board/ Committee Governance. Aspects covered in the evaluation included criteria of corporate governance practices, role played by the Board in decision making, evaluating strategic proposals, discussing annual budgets, assessing adequacy of internal controls, review of risk Management procedures, participation in the long-term strategic planning, the fulfilment of Directors'' obligations and fiduciary responsibilities and active participation at Board and Committee meetings. Performance evaluation was made on the basis of structured questionnaire considering the indicative criteria as prescribed by the Evaluation Policy of the Company. The evaluation policy can be accessed on the website of the Company at www.aslindia.net.

In a separate meeting of the Independent Directors, the performance of the Non-Independent Directors, the Board as a whole and Chairman of the Board were evaluated.

23. INTERNAL AUDITOR:

CA Khushboo Goyal (Membership no. 184274) was appointed as the Internal Auditor of the Company for the financial year 2023-24.

The idea behind conducting Internal Audit is to examine that the company is carrying out its operations effectively and performing the processes, procedures and functions as per the prescribed norms. The Internal Auditors reviewed the adequacy and efficiency of the key internal controls guided by the Audit Committee.

During the year under review, the Internal Auditors have not reported any matter under Section 143(12) of the Act. Therefore, no details are required to be disclosed under Section 134 (3) (ca) of the Act.

24. BOARD''S RESPONSE ON AUDITOR''S QUALIFICATION, RESERVATION OR ADVERSE REMARKS OR DISCLAIMER MADE

There are no qualifications, reservations or adverse remarks made by the statutory auditors in their report for the year ended 31^st March, 2024. During the year, there were no instances of frauds reported by auditors under Section 143(12) of the Companies Act, 2013.

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

The provision relating to Section 134(3)(m) read with rule 8 of the Companies (Accounts) Rules, 2014 of the Companies Act, 2013 relating to conservation of energy and technology absorption, earnings and outgo in foreign exchange during the financial year 2023-24 has been stated under:

A. Conservation of energy-

I. The steps taken or impact on conservation of energy- Your Company applies stringent control systems to monitor day to day power consumption. It ensures optimal usage of energy and mitigates wastage to the extent possible.

II. The steps taken by the company for utilising alternate sources of energy - Company has installed solar electricity generators at various locations of presence of Company as alternate source of energy and to promote green energy.

III. The capital investment on energy conservation equipment - Capital Investment on conservation equipment''s forms part of tangible asset and can be traced from there.

B. Technology absorption- Your Company has developed its own ERP which forms part of intangible asset, wherein company is able to track each and every consignment from scratch till it reaches to consignee.

C. Foreign exchange earnings and Outgo-

(Amount in Millions)
Foreign exchange earnings		1116.19
Foreign exchange Outgo		377.57

26. BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

As on March 31, 2024, The Board consist of following Directors.

Name of Director	Designation
Mr. Vinay Dinanath Tripathi	Managing Director
Mrs. Rama Vinay Tripathi	Whole-time Director
Mr. Vikas Jain	Non- Executive Director
Mr. Vishal Jiyalal Bisen	Non-Executive Independent Director
Mr. Raj Kumar Poddar	Non-Executive Independent Director
Mr. Varun Kacholia	Non-Executive Independent Director

Key Managerial Personnel

As on March 31, 2024, following are the Key Managerial Personnel

Name	Designation
Mr. Vinay Dinanath Tripathi	Managing Director
Mrs. Rama Vinay Tripathi	Whole-time Director
Mr. Ashish Lalwani	Chief Financial Officer
Ms. Shipra Jhanwar	Company Secretary

Re-appointments proposed at the AGM:

In accordance with the provisions of the Act and the Articles of Association of the Company, Mr. Vinay Tripathi (DIN: 02344536), Managing Director of the Company, retires by rotation at the ensuing Annual General Meeting and being eligible, offers himself for re-appointment. Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors recommends his reappointment as a Managing Director, liable to retire by rotation.

27. DECLARACTION BY INDEPENDENT DIRECTORS:

The Independent Directors of the Company have submitted the declaration of independence, as required pursuant to the provisions of Section 149(7) of the Companies Act, 2013, stating that they meet the criteria of Independence as provided under Section 149(6).

They have also confirmed that they meet the requirements of Independent Director as mentioned under Regulation 16 (1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

28. FORMAL ANNUAL EVALUATION PROCESS BY BOARD

During the financial year under review and in accordance to the provisions of Section 134(3Xp) of the Companies Act, 2013and Rule 8(4) of the Companies (Accounts) Rules, 2014, The Board based on evaluation criteria recommended by the ''Nomination and Remuneration Committee'' and ''Code for Independent Directors'' evaluated the performance of Board members. The Board after due discussion and taking into consideration of the various aspects such as Knowledge and skills, Competency, Financial literacy, Attendance at the Meeting, Responsibility towards the Board, Qualifications, Experience, Fulfilment of functions assigned to him, Ability to function as a team, Initiative Availability & Attendance, Commitment, Contribution; expressed their satisfaction with the evaluation process and performance of the Board.

29. CORPORATE GOVERNANCE

Your Company believes in conducting its affairs in a fair, transparent and professional manner and maintaining good ethical standards, transparency and accountability in its dealings with all its constituents. As required under the Listing Regulations, a detailed report on Corporate Governance along with the Auditors'' Certificate thereon forms part of this report.

30. COMMITTEES OF THE BOARD

As on March 31, 2024, pursuant to the requirement under the Act and the Listing Regulations, the Board of Directors had the following Committees:

i. Audit Committee;

ii. Nomination and Remuneration Committee;

iii. Stakeholders'' Relationship Committee; and

iv. Corporate Social Responsibility Committee

The composition, terms of reference of the Committees and number of meetings held during the year are provided in the Corporate Governance Report, which forms a part of this annual report.

During the year, all the recommendations made by the Board Committees, including the Audit Committee, were accepted by the Board.

31. POLICIES:

A. RISK MANAGEMENT POLICY:

The Company has in place a mechanism to identify, assess, monitor and mitigate various risks towards the 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 Board of Directors of the Company. The board is of the opinion that there were no major risks affecting the existence of the company.

B. ESTABLISHMENT OF VIGIL MECHANISM / WHISTLE BLOWER POLICY FOR DIRECTORS AND EMPLOYEES

Your Company promotes ethical behaviour in all its business activities and has put in place a mechanism wherein the employees are free to report illegal or unethical behaviour, actual or suspected fraud or violation of the Company''s Codes of Conduct or Corporate Governance Policies or any improper activity to the Chairman of the Audit Committee of the Company or Chairman of the Board.

The Whistleblower Policy has been duly communicated within your Company.

The Vigil Mechanism and Whistle Blower Policy may be accessed on the Company''s website www.aslindia.net.

C. SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT,2013

Your Company has in place a Prevention of sexual harassment policy in line with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013.

Complaints Committee has been set up to redress complaints received regarding sexual harassment.

All employees (permanent, contractual, temporary, trainees) are covered under this policy. Your Company did not receive any sexual harassment complaints during the year ended on March 31, 2024. The policy adopted by the Company for Prevention of Sexual Harassment is available on its website at www.aslindia.net.

D. DETAILS OF POLICIES DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILTY INITIATIVES

The Corporate Social Responsibility Committee (CSR Committee) had formulated and recommended to the Board, a Corporate Social Responsibility Policy (CSR Policy) indicating the activities to be undertaken by the Company, and the same was duly approved by the Board. The CSR Policy may be accessed on the website of the Company at www.aslindia.net.

During the year under, CSR amount required to be spent as per section 135 of the companies Act, 2013 read with schedule VII thereof by the company during the year is Rs. 33.21 Lakh During the year Company has spent Rs. 33.21 Lakh for the purpose of Distributing food packets/grains to needy people, Rural development, Education, Woman empowerment, medical activities and Environment protection activities. The details of CSR Initiatives set out in the Annexure-1 of this report.

32. SHARE CAPITAL

The Authorized share capital of the Company as on 31^st March, 2024 is Rs. 20,00,00,000/- divided into 20,00,00,000 equity shares of Rs. 01/- each.

The Paid-up Share Capital of the Company as on 31^st March, 2024 was Rs. 15,05,60,000/- divided into 15,05,60,000 Equity Shares of Rs. 01/- each fully paid up.

Other Disclosures pertaining to Share Capital:

A. Your Company has not made any provision of money for purchase of its own shares by employees or by trustees for the benefit of employees.

B. Your Company has not issued any sweat equity shares during the Financial Year under review.

C. Your Company has not issued any equity shares with differential rights.

D. Your Company has not issued any Employee Stock Option Scheme.

E. During the year, the Company forfeited the upfront application money (25% of warrant issued) as holders did not convert them into Equity Shares within the 18-month period, as per the terms & conditions of Private Placement Offer Letter.

33. DEMATERIALISATION OF EQUITY SHARES

The entire Shareholding of the Company is in Demat form. The ISIN No. allotted is INE648Z01023.

34. PARTICULARS OF EMPLOYEES

Details in terms of the provisions of Section 197 of the Companies Act, 2013 read with Rule 5(2) of the Companies (Appointment and Remuneration) Rules 2014, the names and other particulars of the employee are appended as Annexure 3 to the Boards'' Report.

35. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

A detailed analysis of the Company''s performance is made in the Management Discussion and Analysis Report, which forms part of this Annual Report.

36. DISCLOSURE OF ACCOUNTING TREATMENT

In the preparation of the financial statements, the Company has followed the Indian Accounting Standards referred to in Section 133 of the Companies Act, 2013. The significant accounting policies which are consistently applied are set out in the Notes to the Financial Statements.

37. PREVENTION OF INSIDER TRADING AND CODE OF FAIR DISCLOSURE:

The Board has formulated a code of internal procedures and conduct to regulate, monitor and report trading by Insiders. This code lays down guidelines, procedures to be followed and disclosures to be made by the insiders while dealing with shares of the Company and cautioning them on consequences of non-compliances. The copy of the same is available on the website of the Company in the Investor section at www.aslindia.net.

Further, the Board has also formulated code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information ("Fair Disclosure Code") for fair disclosure of events and occurrences that could impact price discovery in the market for the Company''s securities and to maintain the uniformity, transparency and fairness in dealings with all stakeholders and ensure adherence to applicable laws and regulations. The copy of the same is available on the website of the Company in the Investor section at www.aslindia.net.

38. OTHER DISCLOSURES:

I. The Company does not have any Employee Stock Option Scheme & Employee Stock Purchase Scheme for its Employees/ Directors.

II. The Company has not issued sweat equity shares and shares with differential rights as to dividend, voting or otherwise.

III. The Company has complied with Secretarial Standards, i.e. SS-1 and SS-2, relating to Meetings of the Board of Directors and General Meetings, issued by the Institute of Company Secretaries of India.

IV. There were no significant or material orders passed by the regulators or courts or tribunals which could impact the going concern status of the Company and its future operations.

V. Pursuant to Section 197 (14) of the Act, the Managing Director of the Company did receive remuneration from its subsidiary company.

VI. There are no applications made or proceedings pending against the Company under the Insolvency and Bankruptcy Code, 2016.

VII. The Company has not entered into one time settlement with any Banks or Financial Institutions during the year. Hence, disclosure pertaining to difference between amount of the valuation done at the time of one-time settlement and the valuation done while taking loan is not applicable.

39. INVESTOR EDUCATION PROTECTION FUND (IEPF):

Amount of unclaimed/unpaid dividend and the corresponding shares:

Pursuant to the provisions of Section 124 of the Companies Act, 2013, ("the Act") read with Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 ("IEPF Rules"), and relevant circulars and amendments thereto, the amount of dividend remaining unpaid or unclaimed for a period of seven years from the due date is required to be transferred to the Investor Education and Protection Fund ("IEPF"), constituted by the Central Government. Furthermore, the IEPF Rules mandate companies to transfer shares of shareholders whose dividends remain unpaid / unclaimed for a period of 7 consecutive years to the demat account of the IEPF Authority.

The said requirement does not apply to shares in respect of which there is a specific order of the Court, Tribunal or Statutory Authority, restraining any transfer of shares.

Year wise amount of unpaid/unclaimed dividend lying in the unpaid account upto the Year and the corresponding shares, which are liable to be transferred to the IEPF, and the due dates for such transfer are as under:

Financial Year	Type of Dividend	Date of declaration of Dividend	Number of Shareholders against whom Dividend amount is unpaid	Amount Unpaid as on March 31, 2024 (in ? lakh)	Shares & unpaid/unclaimed dividend liable to be transferred to the IEPF and due dates.
2018-19	Interim Dividend	02-08-2018	3	3592	Proposed Due Date of transfer to IEPF (02-08-2025)
2021-22	Interim Dividend	25-02-2022	200	5855.75	Proposed Due Date of transfer to IEPF (25-02-2029)
2021-22	Final Dividend	22-09-2022	34	26941	Proposed Due Date of transfer to IEPF (22-09-2029)
2022-23	Interim Dividend	22-08-2022	269	25173.25	Proposed Due Date of transfer to IEPF (22-08-2029)

The data on unpaid / unclaimed dividend and other unclaimed monies is also available on the website of the Company and can be accessed through the following web link www.aslindia.net

Shareholders who have not yet encashed/claimed their dividend are requested to encash/claim the same from the Company/RTA of the Company before it is transferred to the IEPF.

40. AWARDS AND RECOGNITION

During the year under review, the Company achieved notable awards and recognitions:

â¢ The Company was recognized and ranked among the prestigious BS1000 Companies by Business Standard. This accolade underscores the Company''s financial strength and sustainability in the Transport & Logistics sector.

â¢ The Company was honored with the "12th Quality Mark Award" for its excellence as an Integrated Logistics Service Provider.

41. ACKNOWLEDGMENT:

Your Directors thanks all the Stakeholders including, Investors, Customers, Vendors, Bankers, Auditors, Consultants and Advisors for their continued support during the year. We also place on record our appreciation of the contributions of our employees at all the levels.

The Management is deeply grateful for the confidence and faith that all the stakeholders have reposed in them. Your directors look forward for their continued support in the future for the consistent growth of the Company.

Date: September 03, 2024 For & on behalf of the Board of Directors

Place : Anjar

Sd/

Vinay Tripathi DIN: 02344536

Chairman & managing Director

Mar 31, 2018

The Members,

Accuracy Shipping Limited

(Formerly known as Accuracy Shipping Private Limited)

Dear Members,

The Directors are pleased to present the 10^th Boardâs Report of Accuracy Shipping Limited along with the Audited Financial Statements for the year ended on March 31,201 8.

I. FINANCIAL RESULTS:

The financial performance of your Company for the Financial Year ended on March 31, 2018 vis-a-vis previous Financial Year ended March 31, 2017 is given below

The brief financial results are as under	Current Financial Year Ended 31.03.2018 (Amount in Rs.)	Previous Financial Year Ended 31.03.2017 (Amount in Rs.)
Revenue from operations	33,31,91,55,415	1,99,45,73,911
ADD: Other Income	1,44,13,015	1,04,94,133
Total Revenue	3,33,35,68,430	2,00,50,68,044
EXPENSES
Employee benefit expenses	3,63,83,186	2,57,81,722
Finance Cost	3,39,83,037	2,31,01,297
Depreciation	7,80,53,945	5,48,03,040
Other Expenses	3,03,19,41,751	1,87,28,57,910
TOTAL EXPENSES	3,18,03,61,919	1,97,65,43,969
Profit before Tax	15,32,06,511	2,85,24,075
TAX EXPENSES	4,95,56,066	1,43,98,504
Profit after tax	10,36,50,445	1,41,25,570
Earnings Per Share	10.81	4.00

2. FINANCIAL HIGHLIGHTS AND STATE OF AFFAIRS OF THE COMPANY:

Your Company has reported total Income of Rs. 3,33,35,68,430/- for the Financial Year ended March 31,2018 as compared to Rs. 2,00,50,68,044/- in the previous year ended March 31,2017 and the net profit for the year under review amounted to Rs. 10,36,50,445/- in the current year as compared to Rs. 1,41,25,570/-of previous year.

3. DIVIDEND:

Considering the profit, growth and future prospects of your Company, The Board of Directors have declared the Interim Dividend of Rs.l/- (10%) for the financial year ending March 31,2018 on Equity Share of Rs. 10/- each.

4. CHANGE IN THE NATURE OF BUSINESS, IF ANY

There were no changes in the nature of business of your Company during the year under review.

5. EXTRACT OF ANNUAL RETURN

The details forming part of âExtract of Annual Returnâ in Form MGT-9, as required under Section 92(3) of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014, is included in this report as Annexure-1 and forms an integral part of this report.

6. BOARD MEETINGS AND ATTENDENCE

The Directors of your Company met at regular intervals with the gap between two meetings not exceeding 120 days to review Company''s policies and strategies apart from the Board matters. During the year under review, the Board of Directors met 20 times.

7. DIRECTORS RESPONSIBILITY STATEMENT:

To the best of knowledge and belief and according to the information and explanations obtained by them, your directors make the following statement in term of Section I34(3)(c) of the Companies Act 2013 that:

a) In the preparation of the annual accounts for the financial year ended March 31, 2018, the applicable accounting standards have been followed and there are no material departures for 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 true and fair view of the state of affairs of the Company as on March 31, 2018 and of the profits of the Company for the year ended on that date.

c) Directors have taken proper and sufficient care 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;

d) Directors have prepared the annual accounts on a going concern basis.

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

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

8. INTERNAL FINANCIAL CONTROL SYSTEMS AND ITS ADEQUACY

Clearly defined roles and responsibilities have been institutionalized. Systems and procedures are periodically reviewed to keep pace with the growing size and complexity of your Companyâs operations.

9. TRANSFER TO RESERVES IN TERMS OF SECTION 134 (3) (J) OF THE COMPANIES ACT, 2013

For the financial year ended 31st March, 2018, the Company has proposed to carry an amount of Rs 10,36,50,445 to General Reserve Account.

10. DEPOSITS:

Your Company has not accepted any deposits from the public falling within the purview of Section 73 and 74 of the Companies Act, 2013 read together with the Companies (Acceptance of Deposit) Rules, 2014; therefore there was no principal or interest outstanding as on the date of the balance sheet.

11. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

During the year under review, your Company did not invest its fund, grant any loan or provide any guarantee as per the provisions of Section 186 of the Companies Act, 20 13 and rules made thereunder.

12. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

All transactions/contracts/arrangements entered into by the Company with related party(ies) as defined under the provisions of Section 2(76) of the Companies Act, 2013, during the financial year under review were in ordinary course of business and on an arm"s length basis. Further, none of these contracts / arrangements / transactions with related parties could be considered material in nature as per the thresholds given in Rule 15(3) of the Companies (Meetings of Board and its Powers) Rules, 2014 and hence no disclosure is required to be given in this regard. All related party transactions/contracts/arrangements thatwere entered into by the Company during the year under review were on an armâs length basis and in the ordinary course of business and were in compliance with applicable provisions of the Act and the Listing Regulations. There are no material significant related party transactions made by the Company with Promoters, Directors, KMP or Senior Management Personnel which may have a potential conflict with the interest of the Company at large. Also there are no material transactions with any related party that are required to be disclosed under Form AOC-2.

13. SUBSIDIARY, ASSOCIATE AND JOINT VENTURE COMPANY/IES:

Disclosures related to Subsidiary, Associate & Joint Venture Company for Financial Year 2017-18:

- Company does not have any Subsidiary, Associate and Joint Venture Company.

- There was no Company which have become or ceased to be Subsidiary, Associate, JVs Company during the year.

14. MATERIAL CHANGES AND COMMITMENT, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY

Material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which these Financial Statements relate and on the date of this report are as follows:

A. CONVERSION OF THE COMPANY

During the year under review, your Company was converted from Private Limited Company to a Public Limited Company and requisite fresh incorporation certificate was issued by Registrar of Companies, Gujarat dated February 13, 2018. Consequent to the conversion of the Company, the name of the Company changed from Accuracy Shipping Private Limited to Accuracy Shipping Limited.

B. INITIAL PUBLIC OFFER

An Initial Public Offer of 42,57,600 Equity Shares of Rs.10/- each at an issue price of Rs. 84/- per share was made. The Companyâs equity shares were listed on SME Platform of National Stock Exchange of India Limited (NSE Emerge) with effect from June 22, 2018..

Initial and Annual Listing fees has been duly paid by the Company to the Exchange.

Further, during the financial year under report, no significant or material orders have been passed by any of the regulators or courts or tribunals impacting the going concern status and operations of the Company in future.

15. STATUTORY AUDITOR

The present Auditors of the Company M/s. Lahoti & Lahoti., Chartered Accountants, were appointed as Statutory Auditors for a period of 5 year(s) at the Annual General Meeting held on 30th September, 2015 to hold the office till the conclusion of 7th Annual General Meeting of the Company to be held in the year 2020.

COMMENTS ON AUDITORSâ REPORT OR EXPLANATION TO AUDITOR''S REMARKS:

The Auditorsâ Report for the financial year ended on March 31, 2018 forms part of this Annual Report and the same does not contain any qualification, reservation or adverse remark.

There have been no instances of fraud reported by the Auditors under Section 143(12) of the Companies Act, 2013.

16. SECRETARIAL AUDITOR

The Board has appointed M/s. Piyush Prajapati & Associates, Practicing Company Secretaries, to conduct Secretarial Audit for the financial year ended March 31, 2018. The Secretarial Audit Report for the financial year ended March 31,2018 is annexed herewith marked as Annexure: 2 to this Report. The Secretarial Audit Report does not contain any qualification, reservation or adverse remark.

17. INTERNAL AUDITOR:

M/s Vinayak Kothari & Associates were appointed as the Internal Auditor of the Company for the financial year 2017-18 based on the recommendation of the Audit Committee of the Company.

18. BOARDâS RESPONSE ON AUDITORâS QUALIFICATION, RESERVATION OR ADVERSE REMARKS OR DISCLAIMER MADE

There are no qualifications, reservations or adverse remarks made by the statutory auditors in their report for the year ended 31^st March, 2018. During the year, there were no instances of frauds reported by auditors under Section 143(12) of the Companies Act, 2013.

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

The provision relating to Section 134(3)(m) read with rule 8 of the Companies (Accounts) Rules, 2014 of the Companies Act, 2013 relating to conservation of energy and technology absorption, earnings and outgo in foreign exchange during the financial year 2017-18 has been stated under:

(A) Conservation of energy-

(i) The steps taken or impact on conservation of energy- Your Company applies stringent control systems to monitor day to day power consumption. It ensures optimal usage of energy and mitigates wastage to the extent possible.

(ii) The steps taken by the company for utilising alternate sources of energy - NIL

(iii) The capital investment on energy conservation equipment - NIL

(B) Technology absorption-Your Company has no activities relating to technology absorption. Hence, nothing is reported here.

20. DIRECTORS AND KEY MANAGERIAL PERSONNEL INDEPENDENT DIRECTORS

The Company had appointed Mr. Jayantiram Motiram Choudhary (DIN 02617118), Mr. Shankarlal Budharam Bochaliya (DIN 08068906) and Mr. Rahul Kumar Mandowara (DIN 08068972) as Independent Directors with effect from February 15,2018 for a period of five consecutive years. Independent Directors have submitted the declaration of independence, as required pursuant to the provisions of Section 149(7) of the Companies Act, 2013, stating that they meet the criteria of Independence as provided under Section 149(6).

EXECUTIVE DIRECTOR

Ms. Hemant Rajnikant Shah (DIN 02302003) was appointed as Executive Director with effect from January 01, 2018 during the years.

KEY MANAGERIAL PERSONNEL CHAIRMAN AND MANAGING DIRECTOR

Designation of Mr. Vinay Dinanath Tripathi (DIN 02344536) changed from Director to Chairman & Managing Director with effect from January 11, 2018. He has been appointed for a period of five years and shall not be liable to retire by rotation.

WHOLE TIME DIRECTOR

Designation of Mrs. Rama Vinay Tripathi (DIN 05133579) changed from Director to Whole Time Director with effect from January 11, 2018. She has been appointed for a period of five years and shall be liable to retire by rotation.

CHIEF FINANCIAL OFFICER

Mr. Hiren Vijay Sukhwani was appointed as Chief Financial Officer of the Company by the Board of Directors with effect from January 11, 2018 pursuant to the provisions of Companies Act, 2013.

COMPANY SECRETARY AND COMPLIANCE OFFICER

Mr. Sandeep Prajapati was appointed as Company Secretary of the Company by the Board of the Directors with effect from January 11, 2018.

The Directors and Key Managerial Personnel are summarized as below:

S.NO	NAME	DESIGNATION	DIN
1.	Jayantiram Motiram Choudhary	Independent Director	02617118
2.	Shankarlal Budharam Bochaliya	Independent Director	08068906
3.	Rahul Kumar Mandowara	Independent Director	08068972
4.	Vinay Dinanath Tripathi	Chairman & Managing Director	02344536
5.	Rama Vinay Tripathi	Whole Time Director	05133579
6.	Hiren Vijay Sukhwani	Chief Financial Officer	-
7.	Sandeep Prajapati	Company Secretary & Compliance Officer	-

9. DECLARACTION BY INDEPENDENT DIRECTORS:

They have also confirmed that they meet the requirements of Independent Director as mentioned under Regulation 16(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

10. FORMAL ANNUAL EVALUATION PROCESS BY BOARD

During the financial year under review and in accordance to the provisions of Section 134(3)(p) of the Companies Act, 20l3and Rule 8(4) of the Companies (Accounts) Rules, 2014, your Company was not required to annually evaluate the process of the Board of its own performance and that of its committees and individual directors.

11. CORPORATE GOVERNANCE

Since the Companyâs securities are listed on Emerge SME Platform of NSE, by virtue of Regulation 15 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the compliance with the Corporate Governance provisions as specified in regulations 17 to 27 and clauses (b) to (i) of subregulation (2) of Regulation 46 and para C, D and E of Schedule V are not applicable to the Company. Hence Corporate Governance does not form part of this report.

12. DISCLOSURES

A. Composition of Corporate Social Responsibility Committee (CSR Committee)

The provisions of Corporate Social Responsibility are not applicable to the company and therefore, the company has not developed and implemented any CSR initiatives in the financial year 2017-18.

B. Composition of Audit Committee

The Board of Directors in its meeting held on February 21,2018 had constituted Audit Committee of the Company. The Committee is being chaired by Mr. Rahul Mandowara and Mr. Vinay Tripathi, Mr. Shankarlal Bochaliya and Mr. Jayantiram Choudhary.

C. Composition of Nomination and Remuneration Committee

The Board of Directors in its meeting held on February 21, 2018 had constituted Nomination and Remuneration Committee of the Company. The Committee is being chaired by Mr. Rahul Mandowara and Mr. Vinay Tripathi, Mr. Shankarlal Bochaliya and Mr. Jayantiram Choudhary, Directors of the Company are the other Members of the Committee.

The policy of Nomination and Remuneration Committee has been placed on the website of the Company at www.aslindia.net

D. Composition of Stakeholders Relationship Committee

The Board of Directors in its meeting held on February 21, 2018 had constituted Stakeholders Relationship Committee of the Company. The Committee is being chaired by Mr. Rahul Mandowara and Mr. Vinay Tripathi, Mr. Shankarlal Bochaliya and Mr. Jayantiram Choudhary, Directors Stakeholders Relationship Committee during the year under review.

13. POLICIES:

A. RISK MANAGEMENT POLICY:

The Company has in place a mechanism to identify, assess, monitor and mitigate various risks towards the 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 Board of Directors of the Company. The board is of the opinion that there were no major risks affecting the existence of the company.

B. ESTABLISHMENT OF VIGIL MECHANISM I WHISTLE BLOWER POLICY FOR DIRECTORS AND EMPLOYEES

Your Company promotes ethical behaviour in all its business activities and has put in place a mechanism wherein the employees are free to report illegal or unethical behaviour, actual or suspected fraud or violation of the Companyâs Codes of Conduct or Corporate Governance Policies or any improper activity to the Chairman of the Audit Committee of the Company or Chairman of the Board. The Whistleblower Policy has been duly communicated within your Company.

The Vigil Mechanism and Whistle Blower Policy may be accessed on the Companyâs website www.aslindia.net.

C. SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT.20I3

Your Company has in place a Prevention of sexual harassment policy in line with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013.Complaints Committee has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy. Your Company did not receive any sexual harassment complaints during the year ended on March 31, 2018. The policy adopted by the Company for Prevention of Sexual Harassment is available on its website at www.aslindia.net.

D. DETAILS OF POLICIES DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILTY INITIATIVES

The CSR Policy may be accessed on the website of the Company at www.aslindia.net.

14. SIGNIFICANT/MATERIAL ORDERS PASSED BY THE REGULATORS, COURTS, TRIBUNALS:

During the Financial Year 2017-18, there were no significant or material orders were passed by the Regulators or Courts or tribunals which affect the going concern status of the Company and its operations in future.

15. SHARE CAPITAL

The Authorized share capital of the Company as on 31^st March, 2018 is Rs. 20,00,00,000/- divided into 2,00,00,000 equity shares of Rs. 101- each.

The Paid-up Share Capital of the Company as on 31 â March, 2018 was Rs. 10,12,00,000/- divided into 1,01,20,000 Equity Shares of Rs. 10/- each fully paid up.

Other Disclosures pertaining to Share Capital:

A. Your Company has not made any provision of money for purchase of its own shares by employees or by trustees for the benefit of employees:

B. Your Company has not issued any sweat equity shares during the Financial Year under review

C. Your Company has not issued any equity shares with differential rights

D. Your Company has not issued any Employee Stock Option Scheme

16. PARTICLUARS OF EMPLOYEES

Disclosure pertaining to remuneration and other details as required under Section 197(12) of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are not disclosed, since the Company was an unlisted company as on 3 I^st March, 2018. The Company has not employed any individual whose remuneration falls within the purview of the limits prescribed under the provisions of section 197 of the Companies Act, 2013 read with Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

17. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

A detailed analysis of the Companyâs performance is made in the Management Discussion and Analysis Report, which forms part of this Annual Report.

18. DISCLOSURE OF ACCOUNTING TREATMENT

In the preparation of the financial statements, the Company has followed the Accounting Standards referred to in Section 133 of the Companies Act, 2013. The significant accounting policies which are consistently applied are set out in the Notes to the Financial Statements.

19. ENVIRONMENT, HEALTH AND SAFETY

The Company considers it is essential to protect the Earth and limited natural resources as well as the health and well being of every person. The Company strives to achieve safety, health and environmental excellence in all aspects of its business activities. Acting responsibly with a focus on safety, health and the environment is a part of the Companyâs DNA

20. COMPLIANCE WITH SECRETARIAL STANDARDS ON BOARD AND GENERAL MEETINGS

Your Company has complied with Secretarial Standards issued by the Institute of Company Secretaries of India on Board Meetings and General Meetings.

21. HUMAN RESOURCES AND INDUSTRIAL RELATIONS

Your Company lays emphasis on competence and commitment of its human capital recognizing its pivotal role for organizational growth. During the year, the Company maintained a record of peaceful employee relations. Your Directors wish to place on record their appreciation for the commitment shown by the employees throughout the year.

22. ACKNOWLEDGMENT:

The Management is deeply grateful for the confidence and faith that all the stakeholders have reposed in them. Your Directors look forward for their continued support in the future for the consistent growth of the Company.

Date 31/08/2018

Place Anjar For & on behalf of the Board of Directors

Sd/-

Vinay Dinanath Tripathi

DIN:02344536

Chairman & Managing Director

HOUSE NO. 01, PLOT NO.I65,WARD-7A,

NEAR AMARCHAND SHANGVI

SCHOOL, KACHCHH, GANDHIDHAM â

370201 Gujarat INDIA

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

IFSC Code
Currency

More Information on Accuracy Shipping Ltd.

Accuracy Shipping Ltd. Tools
Bulk Deals
Accuracy Shipping Ltd. Company Details
Company Profile
Company History
Management Team
Capital Structure
Product Mix
Banker/Auditor/Registrar
Company History
BSE Price History
NSE Price History
Accuracy Shipping Ltd. Key Financial Ratios
Ratios
Accuracy Shipping Ltd. Results
Quarterly Results
Half Yearly Results
Nine Months Results
Annual Results
Accuracy Shipping Ltd. Financial Data
Audited Results
Cash Flow
Balance Sheet
Accuracy Shipping Ltd. Reports
Accounting Policies
Auditors Report
Directors Report
Notes To Account
Accuracy Shipping Ltd. Corporate Announcements
Book Closure
Dividend
Board Meetings

Notifications

Settings

Clear Notifications

Notifications

Use the toggle to switch on notifications

Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block

Gender

Select your Gender

Age

Select your Age Range

Sign Out

Directors Report of Accuracy Shipping Ltd.

7. BOARD MEETINGS AND ATTENDENCE

8. DIRECTORS RESPONSIBILITY STATEMENT

9. INTERNAL FINANCIAL CONTROL SYSTEMS AND ITSADEQUACY

10. TRANSFER TO RESERVES IN TERMS OF SECTION 134(3) (J) OF THE COMPANIES ACT, 2013

11. DEPOSITS

12. PARTICULARS OF LOANS, GUARANTEES ORINVESTMENTS

13. PARTICULARS OF CONTRACTS OR ARRANGEMENTSMADE WITH RELATED PARTIES

14. SUBSIDIARY, ASSOCIATE AND JOINT VENTURECOMPANY

15. CONSOLIDATED FINANCIAL STATEMENTS

16. LISTING STATUS

17. MATERIAL CHANGES AND COMMITMENT, IF ANY,AFFECTING THE FINANCIAL POSITION OF THECOMPANY

18. STATUTORY AUDITOR

Details in respect of frauds reported by Auditors

19. SECRETARIAL AUDITOR

Secretarial Audit Report and Annual SecretarialCompliance Report

20. INTERNAL AUDITOR

21. DECLARACTION BY INDEPENDENT DIRECTORS

Board Diversity

22. MEETING OF INDEPENDENT DIRECTORS

23. FAMILIARIZATION PROGRAMMES FOR INDEPENDENTDIRECTORS

24. BOARD EVALUATION

(A) Conservation of Energy, Technology Absorption

(B) Foreign exchange earnings and Outgo-

27. BOARD OF DIRECTORS AND KEY MANAGERIALPERSONNEL

Key Managerial Personnel

Re-appointments proposed at the AGM

28. CORPORATE GOVERNANCE

29. COMMITTEES OF THE BOARD

30. POLICIES

A. RISK MANAGEMENT POLICY

E. NOMINATION AND REMUNERATION POLICY

31. SHARE CAPITAL

32. DEMATERIALISATION OF EQUITY SHARES

33. PARTICULARS OF EMPLOYEES

34. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

35. DISCLOSURE OF ACCOUNTING TREATMENT

36. PREVENTION OF INSIDER TRADING AND CODE OFFAIR DISCLOSURE:

37. OTHER DISCLOSURES

38. INVESTOR EDUCATION PROTECTION FUND (IEPF) -FUND TRANSFER OF UNCLAIMED DIVIDENDS

39. COMPLIANCE WITH THE MATERNITY BENEFIT ACT,1961

40. ACKNOWLEDGEMENT

1. FINANCIAL RESULTS:

2. FINANCIAL HIGHLIGHTS AND STATE OF AFFAIRS OF THE COMPANY:

3. DIVIDEND:

4. CHANGE IN THE NATURE OF BUSINESS, IF ANY

5. EXTRACT OF ANNUAL RETURN

6. BOARD MEETINGS AND ATTENDENCE

7. DIRECTORS RESPONSIBILITY STATEMENT:

8. INTERNAL FINANCIAL CONTROL SYSTEMS AND ITS ADEQUACY

9. TRANSFER TO RESERVES IN TERMS OF SECTION 134 (3) (J) OF THE COMPANIES ACT, 2013

10. DEPOSITS:

11. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

12. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

13. SUBSIDIARY, ASSOCIATE AND JOINT VENTURE COMPANY:

14. CONSOLIDATED FINANCIAL STATEMENTS:

15. LISTING STATUS:

16. MATERIAL CHANGES AND COMMITMENT, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY

17. STATUTORY AUDITOR

COMMENTS ON AUDITORS'' REPORT OR EXPLANATION TO AUDITOR''S REMARKS:

18. SECRETARIAL AUDITOR

19. MEETING OF INDEPENDENT DIRECTORS:

20. DECLARATION BY INDEPENDENT DIRECTORS:

21. FAMILIARIZATION PROGRAMMES FOR INDEPENDENT DIRECTORS:

22. BOARD EVALUATION:

23. INTERNAL AUDITOR:

24. BOARD''S RESPONSE ON AUDITOR''S QUALIFICATION, RESERVATION OR ADVERSE REMARKS OR DISCLAIMER MADE

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

A. Conservation of energy-

C. Foreign exchange earnings and Outgo-

26. BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

Key Managerial Personnel

Re-appointments proposed at the AGM:

27. DECLARACTION BY INDEPENDENT DIRECTORS:

28. FORMAL ANNUAL EVALUATION PROCESS BY BOARD

29. CORPORATE GOVERNANCE

30. COMMITTEES OF THE BOARD

31. POLICIES:

A. RISK MANAGEMENT POLICY:

B. ESTABLISHMENT OF VIGIL MECHANISM / WHISTLE BLOWER POLICY FOR DIRECTORS AND EMPLOYEES

9. INTERNAL FINANCIAL CONTROL SYSTEMS AND ITS
ADEQUACY

10. TRANSFER TO RESERVES IN TERMS OF SECTION 134
(3) (J) OF THE COMPANIES ACT, 2013

12. PARTICULARS OF LOANS, GUARANTEES OR
INVESTMENTS

13. PARTICULARS OF CONTRACTS OR ARRANGEMENTS
MADE WITH RELATED PARTIES

14. SUBSIDIARY, ASSOCIATE AND JOINT VENTURE
COMPANY

17. MATERIAL CHANGES AND COMMITMENT, IF ANY,
AFFECTING THE FINANCIAL POSITION OF THE
COMPANY

Secretarial Audit Report and Annual Secretarial
Compliance Report

23. FAMILIARIZATION PROGRAMMES FOR INDEPENDENT
DIRECTORS

27. BOARD OF DIRECTORS AND KEY MANAGERIAL
PERSONNEL

36. PREVENTION OF INSIDER TRADING AND CODE OF
FAIR DISCLOSURE:

38. INVESTOR EDUCATION PROTECTION FUND (IEPF) -
FUND TRANSFER OF UNCLAIMED DIVIDENDS

39. COMPLIANCE WITH THE MATERNITY BENEFIT ACT,
1961