Directors Report of Onesource Industries and Ventures Ltd.

Mar 31, 2025

The Board of Directors hereby submits the 31^st Annual report of the business and operations of your Company (âthe Companyâ), along with the audited financial statements, for the financial year ended March 31, 2025.

FINANCIAL RESULTS:

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

(Amount in Lakhs)
PARTICULARS	YEAR ENDED ON 31-03-2025	YEAR ENDED ON 31-03-2024
Revenue from Operations	7025.32	809.99
Other Income	12.97	23.79
Total Income	7038.29	833.78
Profit/loss before Depreciation, Finance Costs, Exceptional items andTax Expense	153.12	4.12
Less: Depreciation/ Amortization/ Impairment	0.58	-
Profit /loss before Finance Costs, Exceptional items and Tax Expense	153.24	4.12
Less: Finance Costs	0.12	0.01
Profit /loss before Exceptional items and Tax Expense	153.12	4.11
Add/(less): Exceptional items	-	-
Profit /loss before Tax Expense	153.12	4.11
Less: Tax Expense:
Current Tax	39.95	0.72
MAT Credit	-	-
Deferred Tax	0.12	-
Short/Excess provision for previous year	0.41	(0.49)
Profit /loss for the year	112.64	3.88

Company''s Performance:

The Key highlights pertaining to the business of the Company for the year 2024-25 and period subsequent there to have been given hereunder:

In this comparison, it''s evident that there was a significant increase in Revenue from Operations from Rs. 809.99 Lakh in 2023-24 to Rs. 7025.32 Lakh in 2024-25. This represents a positive Performance indicator, indicating substantial revenue growth between the two years.

Total Income increased from 833.78 Lakh in 2023-24 to 7038.29 Lakh in 2024-25. This indicates that the company''s Total Income grew by Rs.6,204.51 Lakh, reflecting a positive performance trend with a significant increase in total income year-over-year.

Profit has been increased during the year under review in comparison to last year''s profit. DIVIDEND:

The Board of Directors of your Company, after considering holistically the relevant circumstances, has decided that it would be prudent, not to recommend any Dividend during the year under review.

Your directors have taken appropriate remedial action to mitigate the adverse circumstances for better performance and results during the current year.

TRANSFER TO RESERVES:

During the year, the Company has not apportioned any amount to other reserve. The profit earned during the year has been carried to the balance sheet of the Company.

CHANGE IN NATURE OF BUSINESS:

During the year, your Company is trading in agriculture commodities mainly rice, pulses and grains. Further Board of Directors in their meeting held on 18^th July, 2024 and 06^th September, 2024 change the Main Object Clause of Memorandum of Association the Company and the same is approved by Shareholders through Postal Ballot Resolution dated 24^th August, 2024 and in the 30^th Annual General Meeting held on 30^th September, 2024 respectively.

SHARE CAPITAL:

AUTHORIZED CAPITAL:

During the Year, The Authorized Capital of the Company is Rs. 55,00,00,000/- divided into

55.00. 00.000 Equity Shares of Rs. 1/- each.

Board of Directors in their meeting held on 18^th July, 2024 approved the Sub-division of Shares Capital from Rs. 5,00,00,000/- divided into 50,00,000 Equity Shares of Rs. 10/- each to Rs.

5.00. 00.000/- divided into 5,00,00,000 Equity Shares of Rs. 1/- each and the same is approved by Shareholders through Postal Ballot Resolution dated 24^th August, 2024.

Further, Board of Directors in their meeting held on 18^th July, 2024 Increased Authorized Share Capital of the Company from Rs. 5,00,00,000/- divided into 5,00,00,000 Equity Shares of Rs. 1/- each to Rs. 55,00,00,000/- divided into 55,00,00,000 Equity Shares of Rs. 1/- each and the same is approved by Shareholders through Postal Ballot Resolution dated 24^th August, 2024.

During the Year, the paid-up capital of the Company is Rs. 3,07,50,000/- divided into 3,07,50,000/-Equity Shares of Rs. 01/- each.

REGISTERED OFFICE:

During the year under review, the Board of Directors at their meeting held on 18^th July, 2024 approved shifting of the Registered Office of the Company to State of Madhya Pradesh, Gwalior for ease of administration and cost effectiveness. The shifting was further approved by the Shareholders through Postal Ballot Resolution dated 24^th August, 2024 by passing Special Resolution through Postal Ballot. After obtaining the necessary permission / approval of change of Registered Office from concerned authority(ies), the Registered Office of the Company was shifted from the State of Tamilnadu, Chennai to the state of Madhya Pradesh, Gwalior with effect from May 09, 2025. Accordingly, the Registered Office of the Company is presently situated at 35 Block-C Mansarovar Complex, 7 No Stop M P Nagar MPSRTC Depo 7, M.P. Vidhan Sabha, Bhopal, Huzur, Madhya Pradesh, India- 462004.

NAME CHANGE:

During the year under review, Board of Directors in their Board Meeting dated July 18, 2024 altered Name Clause of the memorandum of Association of the Company to ONESOURCE INDUSTRIES AND VENTURES LIMITED from the existing name ONESOURCE IDEAS VENTURE LIMITED and the same was approved by the shareholders through postal ballot dated August 24, 2024 by the Ministry of Corporate Affairs, Office of the Central Processing Centre with effect from September 27, 2024.

ALTERATION OF MEMORANDUM OF ASSOCIATION:

During the year under review, Board of Directors in their Meeting held on 18^th July, 2024 altered the Memorandum of Association of the company and the same is approved by Shareholders through Postal Ballot Resolution dated 24^th August, 2024 mentioned as follows:

1. Sub-divison of Shares Capital from Rs. 5,00,00,000/- divided into 50,00,000 Equity Shares of Rs.

10/- each to Rs. 5,00,00,000/- divided into 5,00,00,000 Equity Shares of Rs. 1/- each.

2. Increased Authorised Share Capital of the Company from Rs. 5,00,00,000/- divided into

5,00,00,000 Equity Shares of Rs. 1/- each to Rs. 55,00,00,000/- divided into 55,00,00,000 Equity Shares of Rs. 1/- each.

3. Change in Situation Clause of the Company from State of Tamil Nadu to State of Madhya Pradesh.

4. Change in Main Object Clause of the Company.

5. Change in Name Clause of the Company to ONESOURCE INDUSTRIES AND VENTURES LIMITED

from the existing name ONESOURCE IDEAS VENTURE LIMITED.

6. Amend the Memorandum of Association of the company as per the provisions of the Companies

Act, 2013.

Further, Board of Directors in their Meeting held on 06^th September, 2024 change the Main Object Clause of Memorandum of Association the Company and the same is approved by in the 30^th Annual General Meeting held on 30^th September, 2024.

ALTERATION OF ARTICLES OF ASSOCIATION:

During the year under review Board of Directors in their Meeting held on 18^th July, 2024 altered the Article of Association of the company and the same is approved by Shareholders through Postal Ballot Resolution dated 24^th August, 2024. The Alteration was due to change in name of the Company.

SWEAT EQUITY:

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

EMPLOYEES STOCK OPTION SCHEME

The Company has not provided any Stock Option Scheme to the employees during the year under review.

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES:

The Company does not have any Subsidiary, Joint Venture or Associate Company as on 31^st March, 2025.

BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:

The Board has a fiduciary relationship in ensuring that the rights of all stakeholders are protected. The Board of the company comprises of Executive (Managing Director) and Non-Executive Directors. Independent Directors are eminent persons with proven record in diverse areas like business, accounting, marketing, technology, finance, economics, administration, legal etc. The composition of Board of Directors represents optimal mix of professionalism, qualification, knowledge, skill sets, track record, integrity, expertise and diversity. The Board of Directors, as on March 31, 202 5, comprised of 7 (Seven) Directors, Composition is given below:

Constitution of Board:

The Board comprises following Directors:
	Name of Director	Category Cum Designation	Original Date of Appointment	No. of Shares held as on March 31, 2025
	Mr. Vibhu Maurya*	Managing Director	30/03/2022	19,98,823
	Mr. Ankit Kotwani**	Non-Executive Director	27/05/2021	0.00
	Mr. Sachin Maurya***	Non-Executive Independent Director	30/03/2022	0.00
	Mr. Atul Chauhan	Independent Director	30/03/2022	0.00
	Mr. Naishad Dineshbhai Modi****	Executive Director	18/07/2024	0.00
	Mr. Rahul Kumar Lalwani*****	Independent Director	07/10/2024	0.00

Mr. Ritik Wagh*****

Independent Director

07/10/2024

0.00

Ms. Harshaben Tolaram

Bhawani******

Independent Director

24/08/2024

0.00

* Mr. Vibhu Maurya has resigned from the post of Managing Director and CFO of the Company in the Board meeting held on 23rd July, 2025 w.e.f. 23rd July, 2025.

**Mr. Ankit Kotwani who is liable to retire by rotation, re-appointed in the Annual General Meeting held on 30^th September, 2024.

***Re-Designtion of Mr. Sachin Maurya to Non-executive Non-Independent Director from Nonexecutive Independent Director in the Board Meeting held on 07^th October, 2024 subject to approval of Shareholders in the Ensing Annual General Meeting.

****Mr. Naishad Dineshbhai Modi who was appointed as an additional-executive Director of the Company in the Board of Directors meeting held on 18^th July, 2024 has regularized through Postal Ballot dated 24^th August, 2024, subsequently resigned in the Board meeting held on 28^th March, 2025 w.e.f. 27^th March, 2025.

*****Mr. Rahul Kumar Lalwani and Mr. Ritik Wagh were appointed as Additional Non-Executive and Independent Director of the Company in the Board of Directors meeting held on 07^th October, 2024 subsequently, they both were regularized as an Independent Director through Postal Ballot dated 02^nd January, 2025.

******Ms. Harsha Tolrama Bhagwani appointed as Additional Non-Executive and Independent Director of the Company in the Board of Directors meeting held on 24^th August, 2024 subsequently, she was regularized as an Independent Director in the 30 ^th Annual General Meeting held on 30 ^thSeptember, 2024.

BOARD MEETINGS:

Regular meetings of the Board are held at least once in a quarter. Additional Board meetings are convened, as and when require, to discuss and decide on various business policies, strategies and other businesses. The Board meetings are generally held at registered office of the Company.

During the year under review, Board of Directors of the Company met 13 times. The gap between two consecutive meetings was not more than one hundred and twenty days as provided in section 173 of the Act.

AUDIT COMMITTEE:

The Audit Committee has been constituted by the Board in compliance with the requirements of Section 177 of the Act and Regulation 18 of the Listing Regulations. The board of directors has entrusted the Audit Committee with the responsibility to supervise these processes and ensure accurate and timely disclosures that maintain the transparency, integrity and quality of financial control and reporting.

Composition of Audit Committee as on 31.03.2025:
	Sr. No.	Name of Director	Designation	Nature of Directorship
	1.	Mr. Atul Chauhan	Chairman and Member	Non-Executive Independent Director
	2.	Mr. Vibhu Maurya**	Member	Executive Director
	3.	Mr. Rahul Kumar Lalwani¹ ²	Member	Non-Executive Independent Director

Audit Committee Meetings:

In terms of the provisions of the Regulation 18(2)(a) of the Listing Regulations, the Audit Committee of the Company shall meet at least four times in a year and in respect of which meetings proper notices were given and the proceedings were properly recorded and signed in the Minutes Book maintained for the purpose. During the Financial year the Meetings of Audit committee was held in following manner:

NOMINATION AND REMUNERATION COMMITTEE:

The Nomination and Remuneration Committee (NRC) consist majority of Independent Directors. The Nomination and Remuneration Committee has been constituted by the Board in compliance with the requirements of Section 178 of the Act and Regulation 19 of the Listing Regulations. The board of directors has entrusted the Nomination and Remuneration Committee with the responsibility to formulation of the criteria for determining qualifications, positive attributes and independence of a director and recommend to the board of directors a policy relating to, the remuneration of the directors, key managerial personnel.

Composition of Nomination and Remuneration Committee as on 31.03.2025:
	Sr. No.	Name of Director	Designation	Nature of Directorship
	1.	Mr. Rahul Lalwani	Chairman and Member	Non-executive Independent Director
	2.	Mr. Sachin Maurya	Member	Non- executive NonIndependent Director
	3.	Mr. Ritik wagh	Member	Non-Executive Independent Director

*Mr. Rahul Kumar Lalwani and Ritik wagh have been appointed as Non-executive Independent Director and Designation of Mr. Sachin Maurya has been change to Non-executive Non-Independent Director from Non-executive and Independent Director in the Board Meeting held on 07 ^th October, 2024, and consequent upon this, he has been appointed as member of Nomination and remuneration Committee.

In terms of the provisions of the Regulation 19 (3A) of the Listing Regulations, the Nomination and Remuneration Committee of the Company shall meet at least once in a year and in respect of which meetings proper notices were given and the proceedings were properly recorded and signed in the Minutes Book maintained for the purpose. During the Financial year the Meetings of Nomination and Remuneration Committee was held in following manner:

STAKEHOLDER''S RELATIONSHIP COMMITTEE:

The Stakeholders'' Relationship Committee ("SRC") considers and resolves the grievances of our shareholders, including complaints relating to non-receipt of annual report, transfer and transmission of securities, non-receipt of dividends/interests and such other grievances as may be raised by the security holders from time to time.

Composition of Stakeholders'' Relationship Committee as on 31.03.2025:

Sr. No.	Name of Director	Designation	Nature of Directorship
1.	Mr. Sachin Maurya	Chairman	Non-executive NonIndependent Director
2.	Mr. Ankit Kotwani	Member	Non-executive NonIndependent Director
3.	Ms. Harshaben Tolaram Bhagwani	Member	Non-executive Independent Director

*Mr. Sachin Maurya has been change to Non-executive Non-Independent Director from Nonexecutive and Independent Director in the Board Meeting held on 07 ^th October, 2024, and consequent upon this, he has been appointed as Chairman of Stakeholder''s Relationship Committee and in the same meeting Ms. Harshaben Tolaram Bhagwani hand Ankit kotwani have been appointed as Member of the Committee w.e.f. 07-10-2024.

In terms of the provisions of the Regulation 20 (3A) of the Listing Regulations, the Stakeholders'' Relationship Committee of the Company shall meet at least once in a year and in respect of which meetings proper notices were given and the proceedings were properly recorded and signed in the Minutes Book maintained for the purpose. During the Financial year the Meetings of Stakeholders'' Relationship Committee was held in following manner:

RIGHTS ISSUE COMMITTEE:

The Rights issue Committee of the Board of Directors of the Company was formed on 28^th November, 2024 after approval of Raising of funds through Rights issue. The Committee constituted to do all such acts related to Rights issue. And to represent the Company before any governmental authorities , if necessary and to appoint any merchant bankers or other professional advisors, consultants and legal advisors, without being required to seek any fresh approval of the members of the Company and to settle all questions, difficulties or doubts that may arise in regard to the Rights Issue and utilisation of the proceeds of the Rights Issue and take all other steps which may be incidental, consequential, relevant or ancillary thereto.

Composition of Rights issue Committee as on 31.03.2025:
	Sr. No.	Name of Director		Designation			Nature of Directorship
	1.	Mr. Vibhu Maurya		Chairman			Executive Director
	2.	Mr. Ankit Kotwani		Member			Non-executive NonIndependent Director
	3.	Mr. Atul Chauhan		Member			Non-executive Independent Director
	4.	Mr. Ritik Wagh		Member			Non-executive Independent Director
Rights issue Committee Meetings:
	Sr. No.	Date of Rights issue Committee	Attendance of the Members at the meeting (Yes/No/N.A.)
			Mr. Atul Chauhan		Mr. Vibhu Maurya	Mr. Ritik wagh		Mr. Ankit Kotwani
	1	19-03-2025	NA		NA	Yes		Yes
* The Company has announced Rights issue in the Board Meeting held on 28^th November, 2024. The

issue was opened on 30^th April, 2025 for a total period of 30 days. Later due to non-receipt of the minimum subscription as stipulated under Regulation 86(2) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Rights Issue Committee of the Board, at its meeting held on i.e., May 30, 2025.

INDEPENDENT DIRECTORS:

As per Schedule IV of the Companies Act 2013 a separate meeting of Independent Directors without the attendance of Non- Independent Directors was held on 15^th March, 2025 to discuss the agenda items as required under the Companies Act 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The Independent Directors reviewed the performance of nonindependent directors and the Board as whole reviewed the performance of the Chairperson of the Company taking into account the views of executive and non-executive directors and assessed the quality quantity and timeliness of flow of information between the Company Management and the Board that is necessary for the Board to effectively and reasonably perform their duties. The Independent Directors expressed their satisfaction with overall functioning and implementations of their suggestions.

DECLARATION OF INDEPENDENCE:

The Independent Directors have submitted the declaration of independence, as required under Section 149(7) of the Companies Act, 2013, stating that they meet the criteria of independence as provided in Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of SEBI Listing Regulations as amended from time to time. Further, in terms of Regulation 25(8) of the SEBI Listing Regulations, the Independent Directors have confirmed that they are not aware of any circumstance or situation which exists 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 and that they are independent of the Management. The Board of Directors of the Company have taken on record the declaration and confirmation submitted by the Independent Directors after undertaking due assessment of the veracity of the same.

The Board is of the opinion that the Independent Directors of the Company hold highest standards of integrity and possess requisite expertise and experience required to fulfil their duties as Independent Directors.

In terms of Section 150 of the Companies Act, 2013 read with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014, Independent Directors of the Company have confirmed that they have registered themselves with the databank maintained by the Indian Institute of Corporate Affairs, Manesar ("IICA"). The Independent Directors are also required to undertake online proficiency self-assessment test conducted by the IICA within a period of 2 (two) years from the date of inclusion of their names in the data bank, unless they meet the criteria specified for exemption.

All the Independent Directors will undertake required online proficiency self-assessment test within stipulated time period

At the time of the appointment of an Independent Director, the Company issues a formal letter of appointment outlining his/her role, function, duties and responsibilities. Further, the Independent Directors are introduced with the corporate affairs, new developments and business of the Company from time to time.

The Familiarization program is also available on the website of the Company at https://docs.osivl.com/Familarization%20Programme%20of%20Independent%20Director%2020 25.pdf .

INFORMATION ON DIRECTORATE AND KEY MANAGERIAL PERSONNEL (KMP):

Appointments:

Mr. Naishad Dineshbhai Modi who was appointed as an additional-executive Director of the Company in the Board of Directors meeting held on 18^th July, 2024, subsequently he was regularized as an Executive Director through Postal Ballot dated 24th August, 2024. Further he has resigned from the post of Directorship in the Board Meeting held on 28^th March 2025 w.e.f. 27^th March, 2025.

Ms. Harsha Tolrama Bhagwani appointed as Additional Non-Executive and Independent Director of the Company in the Board of Directors meeting held on 24^th August, 2024 subsequently, she was regularized as an Independent Director in the 30 ^th Annual General Meeting held on 30 ^th September, 2024.

Mr. Rahul Kumar Lalwani and Mr. Ritik wagh were appointed as Additional Non-Executive and Independent Director of the Company in the Board of Directors meeting held on 07^th October, 2024 subsequently, they both were regularized as an Independent Director through Postal Ballot dated 02^nd January, 2025.

Based on recommendation of Nomination and Remuneration Committee, Designtion of Mr. Sachin Maurya has been changed to Non-executive Non-Independent Director from Non-executive Independent Director in the Board Meeting held on 07^th October, 2024 subject to approval of Shareholders in the Ensing Annual General Meeting.

Mr. Vibhu Maurya has resigned from the post of Managing Director and CFO of the Company in the Board meeting held on 23^rd July, 2025 w.e.f. 23^rd July, 2025.

Mr. Shibhu Maurya appointed as Additional Executive Designated as Managing Director of the Company in the Board of Directors meeting held on 23^rd July, 2025 subject to approval of Shareholders in the Ensing Annual General Meeting.

Re-Appointments:

In accordance with the provisions of Section 152 and other applicable provisions if any of the Companies Act 201S read with the Companies (Appointment and Qualification of Directors) Rules 2014 (including and statutory modification(s) or re-enactment(s) thereof for the time being in force) Mr. Sachin Maurya (Non-Executive Director) is liable to retire by rotation at the ensuing Annual General Meeting (AGM) and being eligible, have offered himself for re-appointment.

Resignations:

Mr. Vibhu Maurya has resigned from the post of Managing Director and CFO of the Company in the Board meeting held on 23^rd July, 2025 w.e.f. 23^rd July, 2025.

DETAILS OF KEY MANAGERIAL PERSONNEL:

Ms. Alka Singh who was appointed as a Company Secretary and Compliance Officer of the Company w.e.f. 24^th July, 2024, due to some medical emergency has resigned w.e.f. 29^th July, 2024.

Ms. Neha Ravi Prajapati appointed as a Company Secretary and Compliance Officer of the Company w.e.f 24^th August, 2024.

Mr. Vibhu Maurya has resigned from the post of Managing Director and CFO of the Company in the Board meeting held on 23^rd July, 2025 w.e.f. 23^rd July, 2025.

Mr. Shibhu Maurya appointed as Additional Executive Designate as Managing Director of the Company in the Board of Directors meeting held on 23^rd July, 2025 subject to approval of Shareholders in the Ensing Annual General Meeting.

Mr. Ronik Sharma has appointed as Chief Financial Officer (CFO) of the Company w.e.f. 23^rd July, 2025. PERFORMANCE EVALUATION:

The Board of Directors has carried out an annual evaluation of its own performance board committees and individual directors pursuant to the provisions of the Act.

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

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

The board and the nomination and remuneration committee reviewed the performance of the individual directors on the basis of the criteria such as the contribution of the individual director to the board and committee meetings like preparedness on the issues to be discussed meaningful and constructive contribution and inputs in meetings etc. In addition the chairman was also evaluated on the key aspects of his role.

Statement with regard to integrity, expertise and experience of the Independent Director appointed during the year:

During the year under review, the Board has appointed Mr. Rahul Kumar Lalwani and Ritik Wagh as

an Independent Directors in the Company. Further, in the opinion of the Board, all our Independent Directors possess requisite qualifications, experience, expertise and hold high standards of integrity for the purpose of Rule 8(5)(iiia) of the Companies (Accounts) Rules, 2014.

DIRECTORS'' RESPONSIBILITY STATEMENT:

Pursuant to section 134(5) of the Companies Act 2013 the board of directors to the best of their knowledge and ability confirm that:

a) In preparation of annual accounts for the year ended March 31 2025 the applicable accounting standards have been followed and that no material departures have been made from the same;

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

c) The Directors had 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) The Directors had prepared the annual accounts for the year ended March 31 202 5 ongoing concern basis.

e) The Directors had laid down the internal financial controls to be followed by the Company and that such Internal Financial Controls are adequate and were operating effectively; and

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.

Based on the framework and testing of internal financial controls and compliance systems established and maintained by the Company, work performed by the internal, statutory and secretarial auditors and external agencies, including audit of internal financial controls over financial reporting by the Statutory Auditors and the reviews performed by Management and the relevant Board Committees, including the Audit Committee, the Board is of the opinion that the Company''s internal financial controls were adequate and effective during the financial year 2024-25.

VIGIL MECHANISM:

The Company has established a vigil mechanism and accordingly framed a Whistle Blower Policy. The policy enables the employees to report to the management instances of unethical behavior actual or suspected fraud or violation of Company''s Code of Conduct. Further the mechanism adopted by the Company encourages the Whistle Blower to report genuine concerns or grievances and provide for adequate safe guards against victimization of the Whistle Blower who avails of such mechanism and also provides for direct access to the Chairman of the Audit Committee in exceptional cases. The functioning of vigil mechanism is reviewed by the Audit Committee from time to time. None of the Whistle blowers has been denied access to the Audit Committee of the Board. The Vigil Mechanism Policy is hosted on the Company''s

https://docs.osivl.com/Vigil%20Mechanism%20&%20Whistle%20Blower%20Policy.pdf

NOMINATION AND REMUNERATION POLICY:

of Key Managerial Personnel. The Company does not pay or nor has pre approved any remuneration to the Non-Executive Directors of the Company other than sitting fee for attending the Meetings of the Board of Directors and Committees of the Board. Remuneration to Executive Directors is governed under the relevant provisions of the Act and approvals.

The Company has devised the Nomination and Remuneration Policy for the appointment, reappointment and remuneration of Directors, Key Managerial. All the appointment, reappointment and remuneration of Directors and Key Managerial Personnel are as per the Nomination and Remuneration Policy of the Company. The Nomination and Remuneration Policy is also available on the website of the Company www.osivl.com in the head of Policies.

For Board of Directors and Senior Management Group. The Board of Directors of the Company has laid down a code of conduct for all the Board Members and Senior Management Group of the Company. The main object of the Code is to set a benchmark for the Company''s commitment to values and ethical business conduct and practices. Its purpose is to conduct the business of the Company in accordance with its value systems, fair and ethical practices, applicable laws, rules and regulations. Further, the Code provides for the highest standard of professional integrity while discharging the duties and to promote and demonstrate professionalism in the Company.

All the Board Members and Senior Management Group of the Company have affirmed compliance with the code of conduct for the financial year ended on March 31, 2025 as required by Regulation 26(3) of the Listing Regulations. A declaration signed by the Chairman & Managing Director to this effect is attached as a part of this Annual Report. The code of conduct is also available on the website of the Company www.osivl.com.

FOR PREVENTION OF INSIDER TRADING:

The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 to put in place a framework for prohibition of insider trading in securities and to strengthen the legal framework thereof. Pursuant to Regulation 8 of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the Company has formulated and adopted the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (âCode of Fair Disclosureâ) of the Company. The Code of Fair Disclosure is available on the website of the Company at https://docs.osivl.com/Insider%20Trading%20Policy.pdf

PUBLIC DEPOSIT:

The company has not accepted any deposits from the public. Hence the directives issued by the Reserve Bank of India & the Provision of Section 73 to 76 of the Company Act 2013 or any other relevant provisions of the Act and the Rules there under are not applicable.

PARTICULARS OF LOANS GUARANTEES INVESTMENTS & SECURITY:

Details of Loans Guarantees Investments and Security covered under the provisions of Section 186 of the Companies Act 2013 are given in the notes to the Financial Statement and forms part of annual report.

EXTRACT OF ANNUAL RETURN:

In accordance with Sections 134(3)(a) & 92(3) of the Companies Act, 201S read with Rule 12(1) of

the Companies (Management and Administration) Rules, 2014, The annual return in Form MGT-7 for the financial year 2024-25 will be available on the website of the Company. The due date for filing annual return for the financial year 2024-25 is within a period of sixty days from the date of annual general meeting. Accordingly, the Company shall file the same with the Ministry of Corporate Affairs within prescribed time and a copy of the same shall be made available on the website of the Company as is required in terms of Section 92 of the Companies Act, 2013.

CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

All the related party transactions that were entered during the financial year ended on 31^st March, 2025 were on arm length basis and ordinary course of business. Particulars of contracts or arrangements with related parties of the Company referred to under Section 188(1) of the Companies Act, 2013 are given in Form AOC -2 as Annexure-A and the same forms part of this report.

CORPORATE SOCIAL RESPONSIBILITY COMMITTEE:

As the Company does not fall under the mandatory bracket of Corporate Social Responsibility as per Section 135 of the Companies Act, 2013, the Company had not taken any initiative on Corporate Social Responsibility during the year under review.

COMPLIANCE OF SECRETARIAL STANDARD:

Your Company is in compliance with the applicable Secretarial Standards, issued by the Institute of Company Secretaries of India as amended from time to time and approved by the Central Government under Section 118(10) of the Companies Act, 2013.

PARTICULAR OF EMPLOYEES:

Disclosures with respect to the remuneration of Directors and employees as required under Section 197 (12) of the Companies Act, 2013 and Rule 5 (1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is not applicable to the Company.

No employee of the Company was in receipt of remuneration more than the limits specified under Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, during the financial year ended 31^st March 2025.

MATERIAL CHANGES AND COMMITMENT:

The Company has announced Rights issue in the Board Meeting held on 28^th November, 2024. The issue was opened on 30^th April, 2025 for a total period of 30 days. Later due to non-receipt of the minimum subscription as stipulated under Regulation 86(2) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Rights Issue Committee of the Board, at its meeting held on i.e., May 30, 2025.

Except disclosed above and in Director''s Report, there are no material changes and commitments affecting the financial position of the Company have occurred between the ends of financial year of the Company i.e. March 31, 2025 to the date of this Report.

SEXUAL HARASSMENT OF WOMEN AT WORKPLACE:

To foster a positive workplace environment free from harassment of any nature we have institutionalized the Anti-Sexual Harassment Initiative (ASHI) framework through which we address complaints of sexual harassment at the all workplaces of the Company.

During the year under review there were no incidences of sexual harassment reported.

ENERGY CONSERVATION TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:

As required under section 134(3)(m) of the companies Act, 2013 read with Rule 8 of the companies (Accounts) Rules 2014, Your Company has no activities relating to Conservation of Energy, Technology Absorption etc. Company is engaged in the trading of Agro commodities.

FOREIGN EXCHANGE EARNING AND OUTGO: NIL

RISK MANAGEMENT:

A well-defined risk management mechanism covering the risk mapping and trend analysis risk exposure potential impact and risk mitigation process is in place. The objective of the mechanism is to minimize the impact of risks identified and taking advance actions to mitigate it. The mechanism works on the principles of probability of occurrence and impact if triggered. A detailed exercise is being carried out to identify evaluate monitor and manage both business and non- business risks.

The Risk Management Policy has been uploaded on the website of the Company and can be accessed at: https://docs.osivl.com/Risk%20Assessment%20and%20Management%20Policy.pdf

CEO/CFO CERTIFICATION

The CEO & CFO of your Company have issued necessary certificate pursuant to the provisions of Regulation 17(8) of the SEBI Listing Regulations and the same forms part of this Annual Report.

ENVIRONMENT AND SAFETY

The Company is engaged in the Business of Trading of Grains, Pulses and Rice and not in manufacturing activities, hence it is a non-pollutant Company, however it has a deep concern for the protection and sustainability of environment owing to which it intends to be actively involved in activities for protection of environment. The Company emphasizes on reducing dependence on paper communications and encourages use of electronic means of communication which serves towards environmental protection and sustainable growth.

INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:

Your Company has an effective internal control system which ensures that all the assets of the Company are safeguarded and protected against any loss from unauthorized use or disposition.

The Internal Auditors of the Company carry out review of the internal control systems and procedures. The internal audit reports are reviewed by Audit Committee.

Your Company has also put in place adequate internal financial controls with reference to the financial statements commensurate with the size and nature of operations of the Company.

During the year such controls were tested and no material discrepancy or weakness in the Company''s internal controls over financial reporting was observed.

INTERNAL AUDIT

The Company has appointed M/s Sanghvi Malviya & Co., Chartered Accountants (FRN:0001884C) as an Internal Auditor of the Company for the financial year 2025-2026.

The Internal Auditor of the Company directly reports to the Audit Committee for functional matters. The Audit Committee reviews internal audit report and internal control measures at its quarterly meetings. Company''s internal controls are commensurate with the size and operations of the business. Continuous internal monitoring mechanism ensures timely identification and redressal of issues.

CORPORATE GOVERNANCE:

Your Company strives to incorporate the appropriate standards for corporate governance. However, pursuant to Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Company is not required to mandatorily comply with the provisions of certain regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and therefore the Company has not provided a separate report on Corporate Governance, although few of the information are provided in this report under relevant heading.

However, Company is complying with few of the exempted regulations voluntarily and details of same are provided in this report under the respective heading.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

In terms of Regulation 34 and Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 a review of the performance of the Company for the year under review Management Discussion and Analysis Report is presented in a separate section forming part of this Annual Report as Annexure B.

STATUTORY AUDITOR AND THEIR REPORT:

M/s. S V J K AND ASSOCIATES, Chartered Accountant Firm form Ahmedabad, Gujarat (Firm registration number: 1S5182W, Membership No. 19S591) was appointed to hold the office as Statutory Auditor of the Company from the conclusion of 29th (Twenty-Nine) Annual General Meeting till the conclusion of 34th (Thirty Fourth) Annual General Meeting.

M/s. S V J K AND ASSOCIATES, Chartered Accountant Firm form Ahmedabad, Gujarat (Firm registration number: 135182W, Membership No. 193591) resigned from the position of Statutory Auditors of the Company and the same informed to the members on August 12, 202 5 and therefore, the Board of Directors of your Company, on the recommendation of the Audit Committee, have recommended to the members for appointment of M/s. Sumit Ranka and Associates, Chartered Accountants, Hyderabad (Firm Registration No. 147837W) as Statutory Auditors of the Company for a term of 5 years from the Conclusion of 31^st Annual General Meeting till the Conclusion of 3 6^th Annual

General meeting to be held in the Financial Year 2029-2030 Subject to approval of Members in the ensuing Annual General Meeting.

The Notes to the financial statements referred in the Auditors Report are self-explanatory and therefore do not call for any comments under Section 134 of the Companies Act 2013.

The Auditors'' Report does not contain any qualification reservation or adverse remark. The Auditors9 Report is enclosed with the financial statements in this Annual Report.

REPORTING OF FRAUD:

The Auditors of the Company have not reported any fraud as specified under Section 143(12) of the Companies Act, 2013.

SECRETARIAL AUDITOR AND THIEIR REPORT:

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed Mrs. Alpana Sethia, Practicing Company Secretaries to undertake the secretarial audit of the Company. The Secretarial Audit Report in Form MR-3 is annexed herewith as Annexure-C. Board has reviewed the comments given by the secretarial auditor and would try to complete all the requirements as suggested by secretarial auditor under section 134 of the Act.

Management explanation on the remarks of Secretarial Audit report:

(a) According to the information and explanations given to us and the records of the Company examined by us, Mr. Kartik Sanatkumar Jain has resigned from the post of the Company Secretary of the Company w.e.f. 5^th February, 2024 and the Company has not appointed Company Secretary in whole time practice in order to fill casual vacancy for the Financial Year 2023-24.

Management comment: The Company has appointed Ms. Neha Ravi Prajapati (M. No. A67093), as the Company Secretary & Compliance Officer of the Company with effect from 27 ^th August, 2024. The non-compliance occurred due to inadvertence and without any malafied intention of the Company. Further, the company has filed the same as soon it came to company''s notice.

(b) Company has filled the ROC forms within prescribed time limit, However certain forms are filled with delayed along with penalty.

Management comment: The Delay in filing occurred due to inadvertence and without any malafied intention of the Company. Further, the company has filed the same as soon it came to company''s notice.

MAINENTANCE OF COST RECORD:

The provisions relating to maintenance of cost records as specified by the Central Government under sub-section (1) of section 148 of the Companies Act, 2013, are not applicable to the Company and accordingly such accounts and records are not required to be maintained.

LOANS FROM DIRECTOR/ RELATIVE OF DIRECTOR:

During the financial year, the company entered into loan transactions with its directors / relatives of directors. The details of the loans from directors / relatives of directors, including the names of the parties involved, loan amounts, are disclosed in the notes to the financial statements.

DESIGNATED PERSON FOR THE PURPOSE OF DECLARATION OF BENEFICIAL INTEREST IN THE SHARES OF THE COMPANY:

Pursuant to provision of Rule 9(4) of Companies (Management and Administration) Rules, 2014 as amended by MCA vide Notification dated 27^th October, 2023, every Company required to designate a person who shall be responsible for furnishing, and extending co-operation for providing, information to the Registrar or any other authorized officer with respect to beneficial interest in shares of the company.

Accordingly, the Company has appointed Mrs. Neha Prajapati (ACS: 67093), Company Secretary of the Company, as Designated Person for the purpose of declaration of beneficial interest in the shares of the Company.

EQUITY SHARES:

During the year, Company has not issued any equity shares with differential rights or any sweat equity shares and the ISIN No. allotted to the company is INE125F01024.

LISTING OF EQUITY SHARES WITH STOCK EXCHANGES:

The Company confirms that it has paid the Annual Listing Fees for the year 2024-25 to BSE Ltd, Mumbai where the Company''s Shares are listed and the ISIN allotted for the same Equity Share is INE125F01024 and BSE Script Code is 530805.

DEMATERIALISATION

As per direction of the SEBI and Bombay Stock Exchange Limited, the shares of the Company are under compulsory demat form. The Company has established connectivity with both the Depositories i.e. National Securities Depository Limited and Central Depository Services (India) Limited and the Demat activation number allotted to the Company is ISIN: INE125F01024. Presently, shares are held in electronic and physical mode (97% of shares in demat and 3% in physical mode).

WEBSITE:

As per Regulation 46 of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 the Company has maintained a functional website namely (www.osivl.com) containing basic information about the Company. The website of the Company is containing information like Policies, Shareholding Pattern Financial and information of the designated officials of the Company who are responsible for assisting and handling investor grievances for the benefit of all stakeholders of the Company etc.

INDUSTRIAL RELATIONS:

The Directors are pleased to report that the relations between the employees and the management continued to remain cordial during the year under review.

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

> No Significant or material orders passed by the Regulators or Courts or Tribunals which impact the going concern status and the Company''s operation in future.

> Voting rights which are not directly exercised by the employees in respect of shares for the subscription/ purchase of which loan was given by the Company (as there is no scheme pursuant to which such persons can beneficially hold shares as envisaged under section 67(3)(c) of the Companies Act, 2013).

> The Business Responsibility Reporting as required by Regulation 34(2) of the SEBI Listing Regulations, is not applicable to your Company for the financial year ending March 31, 2025.

> No application was made or any proceeding is pending under the Insolvency and Bankruptcy Code, 2016 during the year in respect of your Company.

> There was no one time settlement of loan obtained from the Banks or Financial Institutions.

> There was no revision of financial statements and Board''s Report of the Company during the year under review.

ACKNOWLEDGEMENT:

Your Director''s would like to express their sincere appreciation for the co-operation and assistance received from the Company''s Bankers, Stock Exchanges, Regulatory Bodies, Stakeholders and other business associates who have extended their valuable sustained support and encouragement during the year under review.

The Board of Directors also places on record its sincere appreciation for the commitment and hard work put in by the Management and the employees of the Company, and thanks them for yet an excellent year of performance.

Mr. Rahul Kumar Lalwani has been appointed as Non-executive Independent Director in the Board Meeting held on 07^th October, 2024, and consequent upon this, he has been appointed as member of Audit Committee.

Audit Committee has been reconstituted after resignation of Mr. Vibhu Maurya w.e.f 23^rd July, 2025, and Mr. Shibhu Maurya has been appointed has member to fill up the casual vacancy arose in the same Board Meeting.

Mar 31, 2024

The Board of Directors hereby submits the 30th Annual report of the business and operations of your Company (âthe Companyâ), along with the audited financial statements, for the financial year ended March 31, 2024.

FINANCIAL RESULTS:

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

(Amount in Lakhs)

PARTICULARS	YEAR ENDED 31.03.2024	YEAR ENDED 31.03.2023
Revenue from Operations	809.99	20.00
Other Income	23.79	18.91
Total Income	833.78	38.91
Profit/loss before Depreciation, Finance Costs, Exceptional items and Tax Expense	4.12	14.37
Less: Depreciation/ Amortization/ Impairment	-	-
Profit /loss before Finance Costs, Exceptional items and Tax Expense	4.12	14.37
Less: Finance Costs	0.01	0.01
Profit /loss before Exceptional items and Tax Expense	4.11	14.36
Add/(less): Exceptional items	-	-
Profit /loss before Tax Expense	4.11	14.36
Less: Tax Expense: Current Tax	0.72	2.66
MAT Credit	--	(2.66)
Deferred Tax	--	--
Short/Excess provision for previous year	(0.49)	--
Profit /loss for the year	3.88	14.36

Company''s Performance:

The Key highlights pertaining to the business of the Company for the year 2023-24 and period subsequent there to have been given hereunder:

In this comparison, it''s evident that there was a significant increase in Revenue from Operations from Rs. 20.00 Lakh in 2022-23 to Rs. 809.99 Lakh in 2023-24. This represents a positive performance indicator, indicating substantial revenue growth between the two years.

Total Income increased from Rs. 38.91 Lakh in 2022-23 to Rs. 833.78 Lakh in 2023-24 reflecting a positive performance trend with a significant increase in total income year-over-year.

Profit has been reduced during the year under review in comparison to last years profit your directors are striving hard to improve the same.

DIVIDEND:

The Board of Directors of your Company, after considering holistically the relevant circumstances, has decided that it would be prudent, not to recommend any Dividend during the year under review.

Your Directors have taken appropriate remedial action to mitigate the adverse circumstances for better performance and results during the current year.

TRANSFER TO RESERVES:

During the year, the Company has not apportioned any amount to other reserve. The profit earned during the year has been carried to the balance sheet of the Company.

CHANGE IN NATURE OF BUSINESS:

During the year, your Company is trading in agriculture commodities.

As on the date of this report, Board of Directors in their meeting held on 18^th July, 2024 change the Main Object Clause of the Company and the same is approved by Shareholders through Postal Ballot Resolution dated 24^th August, 2024.

SHARE CAPITAL:

AUTHORIZED CAPITAL:

During the Year, The Authorised Share Capital of the Company was Rs. 5,00,00,000/- divided into

50.00. 000 Equity Shares of Rs. 10/- each.

As on the date of this report, Authorized Capital of the Company is Rs. 55,00,00,000/- divided into

55.00. 00.000 Equity Shares of Rs. 1/- each.

Board of Directors in their meeting held on 18th July, 2024 approved the Sub-divison of Shares Capital from Rs. 5,00,00,000/- divided into 50,00,000 Equity Shares of Rs. 10/- each to Rs. 5,00,00,000/- divided into 5,00,00,000 Equity Shares of Rs. 1/- each and the same is approved by Shareholders through Postal Ballot Resolution dated 24th August, 2024.

Further, Board of Directors in their meeting held on 18th July, 2024 Increased Authorised Share Capital of the Company from Rs. 5,00,00,000/- divided into 5,00,00,000 Equity Shares of Rs. 1/- each to Rs.

55.00. 00.000/- divided into 55,00,00,000 Equity Shares of Rs. 1/- each and the same is approved by Shareholders through Postal Ballot Resolution dated 24th August, 2024.

ISSUED, SUBSCRIBED & PAID-UP CAPITAL:

During the Year, the paid-up capital of the Company is Rs. 3,07,50,000/- divided into 30,75,000/- Equity Shares of Rs. 10/- each.

As on the date of this report, paid-up capital of the Company is Rs. 3,07,50,000/- divided into 3,07,50,000/- Equity Shares of Rs. 1/- each.

REGISTERED OFFICE:

During the year under review there is no change in Registered office of the Company.

As on the date of this report, Board of Directors in their Meeting held on 18^th July, 2024 passed the Resolution for Shifting Registered Office of the Company from State of Tamil Nadu to State of Madhya Pradesh and the same is approved by Shareholders through Postal Ballot Resolution dated 24th August, 2024

CORPORATE OFFICE:

As on the date of this report, Board of Directors in their Meeting held on 30^th May, 2024 approve to keep and maintain Books of Accounts of the Company at the 35 Block-C Mansarovar Complex, 7 No Stop M Pnagar Mpsrtc Depo 7, M.P. Vidhan Sabha, Bhopal,Huzur, Madhya Pradesh, India- 462004 w.e.f 30^th May, 2024.

NAME CHANGE:

As on the date of this report, Board of Directors in their Meeting held on 18^th July, 2024 altered Name Clause of the Company to ONESOURCE INDUSTRIES AND VENTURES LIMITED from the existing name ONESOURCE IDEAS VENTURE LIMITED and the same is approved by Shareholders through Postal Ballot Resolution dated 24th August, 2024.

ALTERATION OF MEMORANDUM OF ASSOCIATION:

During the year under review the Company has not made any changes in the Memorandum of Association of the company.

As on the date of this report, Board of Directors in their Meeting held on 18^th July, 2024 altered the Memorandum of Association of the company as follows:

1. Sub-divison of Shares Capital from Rs. 5,00,00,000/- divided into 50,00,000 Equity Shares of Rs. 10/- each to Rs. 5,00,00,000/- divided into 5,00,00,000 Equity Shares of Rs. 1/- each

2. Increased Authorised Share Capital of the Company from Rs. 5,00,00,000/- divided into

5,00,00,000 Equity Shares of Rs. 1/- each to Rs. 55,00,00,000/- divided into 55,00,00,000 Equity Shares of Rs. 1/- each.

3. Change in Situation Clause of the Company from State of Tamil Nadu to State of Madhya Pradesh.

4. Change in Main Object Clause of the Company.

5. Change in Name Clause of the Company to ONESOURCE INDUSTRIES AND VENTURES LIMITED from the existing name ONESOURCE IDEAS VENTURE LIMITED

6. Amend the Memorandum of Association of the company as per the provisions of the Companies Act, 2013.

The same is approved by Shareholders through Postal Ballot Resolution dated 24th August, 2024.

ALTERATION OF ARTICLES OF ASSOCIATION:

During the year under review the Company has not made any changes in the Articles of Association of the company.

SWEAT EQUITY:

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

EMPLOYEES STOCK OPTION SCHEME

The Company has not provided any Stock Option Scheme to the employees during the year under review. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES:

The Company does not have any Subsidiary, Joint Venture or Associate Company as on 31^st March, 2024. BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:

The Board has a fiduciary relationship in ensuring that the rights of all stakeholders are protected. The Board of the company comprises of Executive (Whole-time Director) and Non-Executive Directors. Independent Directors are eminent persons with proven record in diverse areas like business, accounting, marketing, technology, finance, economics, administration, etc. The composition of Board of Directors represents optimal mix of professionalism, qualification, knowledge, skill sets, track record, integrity, expertise and diversity. The Board of Directors, as on March 31, 2024, comprised of 5 Directors, out of which 1 was Executive Director ("ED") (MD), 1 were Non-Executive Directors ("NEDs") and 3 were NonExecutive Independent Directors ("NEIDs").

Constitution of Board:

The Board comprises following Directors;

Name of Director	Category Cum Designation	Original Date of Appointment	No. of Shares held as on March 31, 2024
Mr. Vibhu Maurya	Managing Director	30/03/2022	19,98,823
Mr. Ankit Kotwani*	Non-Executive Director	27/05/2021	0.00
Mr. Sachin Maurya	Independent Director	30/03/2022	0.00
Mr. Atul Chauhan	Independent Director	30/03/2022	0.00
Ms. Yogyata Jhunjhunwala**	Independent Director	30/11/2022	0.00
Mr. Naishad Dineshbhai Modi***	Executive Director	18/07/2024	0.00
Ms. Harshaben Tolaram Bhawani	Additional-Independent Director	24/08/2024	0.00

* Mr. Ankit Kotwani who is liable to retire by rotation, re-appointed in the Annual General Meeting held on 30th September, 2023

** Ms. Yogyata Jhunjhunwala was Regularized as an Independent Director in the Extra-Ordinary General Meeting held on 29th August, 2023 has resigned from the Board of Directors w.e.f 04th November, 2023. *** Mr. Naishad Dineshbhai Modi who was appointed as an adddtional-executive Director of the Company in the Board of Directors meeting held on 18th July, 2024 has regularized through Postal Ballot dated 24th August, 2024.

BOARD MEETINGS:

During the year under review, Board of Directors of the Company met 6 times. The gap between two consecutive meetings was not more than one hundred and twenty days as provided in section 173 of the Act.

The details of attendance of each Director at the Board Meeting and Annual General Meeting are given below;

Sr.	Date of	Attendance of the Directors at the meeting (Yes/No/N				.A.)
No.	Board	Mr. Vibhu	Mr. Ankit	Mr. Atul	Mr. Sachin	Ms. Yogyata
	Meetings	Maurya	Kotwani	Chauhan	Maurya	Jhunjhunwala*
1	30.05.2023	Yes	Yes	Yes	Yes	Yes
2	03.08.2023	Yes	Yes	Yes	Yes	Yes
3	14.08.2023	Yes	Yes	Yes	Yes	Yes
4	01.09.2023	Yes	Yes	Yes	Yes	Yes
5	14.11.2023	Yes	Yes	Yes	Yes	N.A
6	14.02.2024	Yes	Yes	Yes	Yes	N.A

* Ms. Yogyata Jhunjhunwala was Regularized as an Independent Director in the Extra-Ordinary General Meeting held on 29^th August, 2023 and has resigned from the Board of Directors w.e.f 04^th November, 2023.

AUDIT COMMITTEE:

Composition of Audit Committee as on 31.03.2024:

Sr. No.	Name of Director	Designation	Nature of Directorship
1.	Mr. Atul Chauhan	Chairman and Member	Independent Director
2.	Mr. Vibhu Maurya	Member	Managing Director
3.	Mr. Sachin Maurya	Member	Independent Director

In terms of the provisions of the Regulation 18 (2)(a) of the Listing Regulations, the Audit Committee of the Company shall meet at least four times in a year and in respect of which meetings proper notices were given and the proceedings were properly recorded and signed in the Minutes Book maintained for the purpose. During the Financial year the Meetings of Audit committee was held in following manner:

Sr. No.	Date of Audit Committee Meetings	Attendance of the Members at the meeting fYes/No/N.A.l
Sr. No.	Date of Audit Committee Meetings	Mr. Atul Chauhan	Mr. Vibhu Maurya	Mr. Sachin Maurya
1	30.05.2023	Yes	Yes	Yes
2	14.08.2023	Yes	Yes	Yes
3	01.09.2023	Yes	Yes	Yes
4	14.11.2023	Yes	Yes	Yes
5	14.02.2024	Yes	Yes	Yes

NOMINATION AND REMUNERATION COMMITTEE:

Composition of Nomination and Remuneration Committee as on 31.03.2024:

Sr. No.	Name of Director	Designation	Nature of Directorship
1.	Mr. Sachin Maurya	Chairman and Member	Independent Director
2.	Mr. Atul Chauhan	Member	Independent Director
3.	Mr. Ankit Kotwani	Member	Non-Executive and NonIndependent Director

Sr. No.	Date of NRC Meetings	Attendance of the Members at the meeting (Yes/No/N.A.)
Sr. No.	Date of NRC Meetings	Mr. Sachin Maurya	Mr. Atul Chauhan	Mr. Ankit Kotwani
1	03/08/2023	Yes	Yes	Yes
2	01/09/2023	Yes	Yes	Yes

STAKEHOLDER''S RELATIONSHIP COMMITTEE:

Composition of Stakeholders'' Relationship Committee as on 31.03.2024:

Sr. No.	Name of Director	Designation	Nature of Directorship
1.	Mr. Atul Chauhan	Chairman and Member	Independent Director
2.	Mr. Vibhu Maurya	Member	Managing Director
3.	Mr. Sachin Maurya	Member	Independent Director

Stakeholders'' Relationship Committee Meetings:

Sr.

No.

Date of Stakeholdersâ Relationship Committee Meetings

Attendance of the Members at the meeting (Yes/No/N.A.)

Mr. Atul Chauhan

Mr. Vibhu Maurya

Mr.

Sachin

Maurya

14.02.2024

Yes

INDEPENDENT DIRECTORS:

As per Schedule IV of the Companies Act 2013 a separate meeting of Independent Directors without the attendance of Non- Independent Directors was held on 15^th March, 2024 to discuss the agenda items as required under the Companies Act 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The Independent Directors reviewed the performance of non- independent directors and the Board as whole reviewed the performance of the Chairperson of the Company taking into account the views of executive and non-executive directors and assessed the quality quantity and timeliness of

flow of information between the Company Management and the Board that is necessary for the Board to effectively and reasonably perform their duties. The Independent Directors expressed their satisfaction with overall functioning and implementations of their suggestions.

DECLARATION OF INDEPENDENCE:

In accordance with Section 149(7) of the Companies Act, 2013, and Regulation 25(8) of the Listing Regulations, as amended, each Independent Director of the Company has provided a written declaration confirming that he/she meets the criteria of independence as stipulated under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the Listing Regulations.

In the opinion of the Board, Independent Directors fulfil the conditions specified in Companies Act, 2013 read with the Schedules and Rules issued thereunder as well as Listing Regulations and are independent from Management.

All the Independent Directors of the Company have enrolled their names in the online database of Independent Directors maintained with the Indian Institute of Corporate Affairs in terms of Section 150 of the Companies Act, 2013 read with Rule 6 of the Companies (Appointment & Qualification of Directors) Rules, 2014.

FAMILIARIZATION PROGRAM FOR INDEPENDENT DIRECTORS:

The Familiarization program is also available on the website of the Company www.osivl.com. INFORMATION ON DIRECTORATE AND KEY MANAGERIAL PERSONNEL (KMP):

Appointments:

Ms. Yogyata Jhunjhunwala appointed as Additional Non-Executive and Independent Director of the Company in the Board of Directors meeting held on 30^th November, 2022 subsequently she was regularized as an Independent Director in the Extra-Ordinary General Meeting held on 29^th August, 2023

Mr. Naishad Dineshbhai Modi who was appointed as an additional-executive Director of the Company in the Board of Directors meeting held on 18th July, 2024, subsequently he was regularized as an Executive Director through Postal Ballot dated 24th August, 2024.

Ms. Harsha Tolrama Bhagwani appointed as Additional Non-Executive and Independent Director of the Company in the Board of Directors meeting held on 27^th August, 2024.

Re-Appointments:

In accordance with the provisions of Section 152 and other applicable provisions if any of the Companies Act 201S read with the Companies (Appointment and Qualification of Directors) Rules 2014 (including and statutory modification(s) or re-enactment(s) thereof for the time being in force) Mr. Ankit Kotwani (Non-Executive Director) is liable to retire by rotation at the ensuing Annual General Meeting (AGM) and being eligible, have offered himself for re-appointment.

Resignations:

Ms. Yogyata Jhunjhunwala was Regularized as an Independent Director in the Extra-Ordinary General Meeting held on 29^th August, 2023 has resigned from the Board of Directors w.e.f 04^th November, 2023

DETAILS OF KEY MANAGERIAL PERSONNEL:

Mr. Kartik Sanatkumar Jain who was appointed as a Company Secretary and Compliance Officer of the Company w.e.f 30^th July, 2022 has resigned w.e.f. 5^th February, 2024.

Ms. Alka Singh who was appointed as a Company Secretary and Compliance Officer of the Company w.e.f 24^th July, 2024, due to some medical emergency has resigned w.e.f. 29^th July, 2024

Ms. . Neha Ravi Prajapati appointed as a Company Secretary and Compliance Officer of the Company w.e.f 27^th August, 2024.

PERFORMANCE EVALUATION:

The Board of Directors has carried out an annual evaluation of its own performance board committees and individual directors pursuant to the provisions of the Act.

DIRECTORS'' RESPONSIBILITY STATEMENT:

Pursuant to section 134(5) of the Companies Act 2013 the board of directors to the best of their knowledge and ability confirm that:

a) In preparation of annual accounts for the year ended March 31 2024 the applicable accounting standards have been followed and that no material departures have been made from the same;

d) The Directors had prepared the annual accounts for the year ended March 31 2024 on going concern basis.

e) The Directors had laid down the internal financial controls to be followed by the Company and that such Internal Financial Controls are adequate and were operating effectively; and

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.

VIGIL MECHANISM:

NOMINATION AND REMUNERATION POLICY:

The Company has formed Nomination and Remuneration Committee which has framed Nomination and Remuneration Policy. The Committee reviews and recommend to the Board of Directors about remuneration for Directors and Key Managerial Personnel and other employee up to one level below of Key Managerial Personnel. The Company does not pay any remuneration to the Non-Executive Directors of the Company other than sitting fee for attending the Meetings of the Board of Directors and Committees of the Board. Remuneration to Executive Directors is governed under the relevant provisions of the Act and approvals.

All the Board Members and Senior Management Group of the Company have affirmed compliance with the code of conduct for the financial year ended on March 31, 2024 as required by Regulation 26(3) of the Listing Regulations. A declaration signed by the Chairman & Managing Director to this effect is attached as a part of this Annual Report. The code of conduct is also available on the website of the Company www.osivl.com

FOR PREVENTION OF INSIDER TRADING:

The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 came into effect from May 15, 2015 to put in place a framework for prohibition of insider trading in securities and to strengthen the legal framework thereof. Pursuant to Regulation 8 of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the Company has formulated and adopted the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (âCode of Fair Disclosureâ) of the Company. The Code of Fair Disclosure is available on the website of the Company www.osivl.com

PUBLIC DEPOSIT:

EXTRACT OF ANNUAL RETURN:

In accordance with Sections 134(3)(a) & 92(3) of the Companies Act, 2013 read with Rule 12(1) of the Companies (Management and Administration) Rules, 2014, The annual return in Form No.MGT-7 for the financial year 2023-24 will be available on the website of the Company. The due date for filing annual return for the financial year 2023-24 is within a period of sixty days from the date of annual general meeting. Accordingly, the Company shall file the same with the Ministry of Corporate Affairs within prescribed time and a copy of the same shall be made available on the website of the Company as is required in terms of Section 92 of the Companies Act, 2013.

CORPORATE SOCIAL RESPONSIBILITY COMMITTEE:

SECRETARIAL STANDARDS OF ICSI:

The Company is in compliance with the Secretarial Standard on Meetings of the Board of Directors (SS-1) and General Meeting (SS-2) issued by the Institute of Company Secretaries of India and approved by the Central Government.

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS:

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

PARTICULAR OF EMPLOYEES:

MATERIAL CHANGES AND COMMITMENT:

Except disclosed in Director''s Report, there are no material changes and commitments affecting the financial position of the Company have occurred between the ends of financial year of the Company i.e. March 31, 2024 to the date of this Report.

SEXUAL HARASSMENT OF WOMEN AT WORKPLACE:

To foster a positive workplace environment free from harassment of any nature we have institutionalized

the Anti-Sexual Harassment Initiative (ASHI) framework through which we address complaints of sexual harassment at the all workplaces of the Company. Our policy assures discretion and guarantees nonretaliation to complainants. We follow a gender-neutral approach in handling complaints of sexual harassment and we are compliant with the law of the land where we operate. The same is also available on the website of the Company.

During the year under review there were no incidences of sexual harassment reported.

ENERGY CONSERVATION TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:

As required under section 134(3)(m) of the companies Act, 2013 read with Rule 8 of the companies (Accounts) Rules 2014 , Your Company has no activities relating to Conservation of Energy, Technology Absorption etc.

FOREIGN EXCHANGE EARNING AND OUTGO: NIL RISK MANAGEMENT:

INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:

Your Company has an effective internal control system which ensures that all the assets of the Company are safeguarded and protected against any loss from unauthorized use or disposition.

The Internal Auditors of the Company carry out review of the internal control systems and procedures. The internal audit reports are reviewed by Audit Committee.

Your Company has also put in place adequate internal financial controls with reference to the financial statements commensurate with the size and nature of operations of the Company.

During the year such controls were tested and no material discrepancy or weakness in the Company''s internal controls over financial reporting was observed.

INTERNAL AUDIT

The Company has appointed M/s Sanghvi Malviya & Co., Chartered Accountants (FRN:0001884C) as an Internal Auditor of the Company for the financial year 2024-2025.

CORPORATE GOVERNANCE:

Your Company strives to incorporate the appropriate standards for corporate governance. However, pursuant to Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations,

2015 the Company is not required to mandatorily comply with the provisions of certain regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and therefore the Company has not provided a separate report on Corporate Governance, although few of the information are provided in this report under relevant heading.

However, Company is complying with few of the exempted regulations voluntarily and details of same are provided in this report under the respective heading.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

STATUTORY AUDITOR AND THEIR REPORT:

M/s. S V J K AND ASSOCIATES, Chartered Accountant Firm form Ahmedabad, Gujarat (Firm registration number: 1S5182W, Membership No. 19S591) shall hold the office as Statutory Auditor of the Company from the conclusion of 29th (Twenty-Nine) Annual General Meeting till the conclusion of 34th (Thirty Fourth) Annual General Meeting.

The Notes to the financial statements referred in the Auditors Report are self-explanatory and therefore do not call for any comments under Section 134 of the Companies Act 2013.

The Auditors'' Report does not contain any qualification reservation or adverse remark. The Auditors Report is enclosed with the financial statements in this Annual Report.

REPORTING OF FRAUD:

The Auditors of the Company have not reported any fraud as specified under Section 143(12) of the Companies Act, 2013.

CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

All the related party transactions that were entered during the financial year ended on 31st March, 2023 were on arm length basis and ordinary course of business. Particulars of contracts or arrangements with related parties of the Company referred to under Section 188(1) of the Companies Act, 2013 are given in Form AOC -2 as Annexure-B and the same forms part of this report.

SECRETARIAL AUDITOR AND THIEIR REPORT:

Board has reviewed the comments given by the secretarial auditor and would try to complete all the requirements as suggested by secretarial auditor under section 134 of the Act.

Management explanation on the remarks of Secretarial Audit report:

(a) The Company has failed to appoint the Internal Auditor pursuant to provisions of section 138 (1)

of The Companies Act 2013 and the rules made thereunder.

The Company has appointed M/s Sanghvi Malviya & Co., Chartered Accountants (FRN:0001884C) as an Internal Auditor of the Company for the financial year 2024-2025, in accordance with the provisions of Section 138 of the Companies Act, 2013 read with rules made thereto.

(b) As per Regulation 30 of SEBI (LODR) Regulation, 2015, Company has not intimated to BSE regarding Resignation of Ms. Yogyata Jhunjhunwala Independent Director, Appointment Statutory Auditor and Outcome of AGM.

The non-compliance occurred due to inadvertence and without any malafied intention of the Company. Further, the company has filed the same as soon it came to company''s notice.

(c) Company has filled the ROC forms within prescribed time limit, However certain forms are filled with delayed along with penalty.

The non-compliance occurred due to inadvertence and without any malafied intention of the Company. Further, the company has filed the same as soon it came to company''s notice.

(d) As per Reg. 47(3) of SEBI (LODR) Regulation 2015, the entity shall publish the Quarterly Financial Results in Newspaper and Submission of same with Stock Exchange within 48 hours from the conclusion of meeting in which financial results were approved. However, the same was not been submitted to the stock exchange for the quarter ended September 2023 and December 2023.

The non-compliance occurred due to inadvertence and without any malafied intention of the Company.

(e) As per Regulation 3(5) and 3(6) of SEBI (Prohibition of Insider Trading) Regulation 2015, Listed entity must submit Structured Digital Database compliance certificate within 21 days from end of each quarter. However, the Compliance Certificate for the Quarter ended September 2023, and December 2023 was not filed within time.

The non-compliance occurred due to inadvertence and without any malafied intention of the Company. Further, the company has filed the same as soon it came to company''s notice.

ANNUAL SECRETARIAL COMPLIANCE REPORT AS PER REGULATION 24A OF SEBI (LODR) REGULATION, 2015

During the year under review, Annual Secretarial Compliance Report as per Regulation 24A of SEBI (LODR) Regulation, 2015 is not applicable to the Company.

MAINENTANCE OF COST RECORD:

The provisions relating to maintenance of cost records as specified by the Central Government under subsection (1) of section 148 of the Companies Act, 2013, are not applicable to the Company and accordingly such accounts and records are not required to be maintained.

PARTICULARS OF LOANS GIVEN, INVESTMENT MADE, GUARANTEES GIVEN AND SECURITIES PROVIDED:

Particulars of loans given, investments made, guarantees given and securities provided forms part of the notes to the financial statements.

LOANS FROM DIRECTOR/ RELATIVE OF DIRECTOR:

EQUITY SHARES:

During the year, Company has not issued any equity shares with differential rights or any sweat equity shares and the ISIN No. allotted to the company is INE958A01011.

LISTING OF EQUITY SHARES WITH STOCK EXCHANGES:

The Company confirms that it has paid the Annual Listing Fees for the year 2023-24 to BSE Ltd, Mumbai where the Company''s Shares are listed and the ISIN allotted for the same Equity Share is INE125F01024 and BSE Script Code is 530805.

DEMATERIALISATION

WEBSITE:

INSOLVENCY AND BANKRUPTCY CODE:

There is no application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year.

INDUSTRIAL RELATIONS:

The Directors are pleased to report that the relations between the employees and the management continued to remain cordial during the year under review.

OTHER DISCLOSURE:

(a) As on 31st March 2024, none of the Directors of the company hold instruments convertible into equity shares of the Company.

(b) No Significant or material orders passed by the Regulators or Courts or Tribunals which impact the going concern status and the Company''s operation in future.

(c) The Business Responsibility Reporting as required by Regulation 34(2) of the SEBI Listing Regulations, is not applicable to your Company for the financial year ending March 31, 2024.

(d) There was no one time settlement of loan obtained from the Banks or Financial Institutions.

(e) There was no revision of financial statements and Board''s Report of the Company during the year under review

ACKNOWLEDGEMENT:

Your directors acknowledge the dedicated service of the employees of the Company during the year. They would also like to place on record their appreciation for the continued co-operation and support received by the Company during the year from banker''s financial institutions business partners and other stakeholders.

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS FOR, ONESOURCE IDEAS VENTURE LIMITED

VIBHU MAURYA ATUL CHAUHAN

Date: 06* September, 2024 MANANGING DIRECTOR AND CFO DIRECTOR

Place: Chennai (DIN: 06458105) (DIN: 00465990)

Mar 31, 2014

Dear Members,

The Directors are pleased to present the 20th Annual report and the Company''s audited accounts for the financial year ended 31st March, 2014.

FINANCIAL RESULTS:

The Company''s financial performance for the year ended 31st March, 2014 is summarised below;_

Particulars Audited Financial Audited Financial Statement for the Statement for the year ended March year ended March 31st 2014 31st 2013

Revenue from Operations 289.18 33.57

Profit Before Tax & Extraordinary Items -188.60 -6.96

Provision for Taxation -4.55 0.09

Profit after Tax -184.05 -7.05

Profit brought forward from Previous Year -241.45 -234.40

Add Profit/Loss after tax -184.05 -7.05

Sub Total -425.51 -241.45

REVIEW OF OPERATIONS:

During the year under review, the Company has incurred loss before Interest, Depreciation & Tax of Rs. 1,86,67,685/- comparing to previous year loss of Rs. 3,52,546/-. The net Loss for the year under review has been Rs. 1,84,05,317/- comparing to the previous year net loss Rs. 7,05,169/-. Your Company has vide declaration of Postal Ballot Results on 01st March, 2014 has amended its Object Clause and thus have now ventured in the Industry of "Consultancy, Advisory and Investing/Trading of shares and securities" in place of existing business of "dealers/makers of Jewellery (s)".Your Board of Directors are confident that a great heights can be achieved in the new field.

DIVIDEND:

Due to losses during the year and also due to carried forward losses, your Company do not recommend any Dividend during the year under review.

FIXED DEPOSITS:

During the year under review, your company has not accepted any deposits from the public within the meaning of section 58A of the Companies Act 1956 and the rules there under. There are no Public deposits, which are pending repayment.

COMPANY SECRETARY AND COMPLIANCE DEPARTMENT :

During the year under review, Ms. Nisha Jain was appointed as the Company Secretary cum compliance officer of the Company w.e.f., 24th June, 2013. The Company accepted her resignation from the Company with effect from 10th January, 2014. Your directors are taking steps to appoint qualified company secretary in her place. Till such time, Mrs. B Venodhini, Managing Director of the Company has been appointed as the Compliance Office of the Company.

The compliance department of the company is responsible for independently ensuring that the operating and business units comply with regulatory and internal guidelines. New instructions/guidelines issued by the regulatory authorities were disseminated across the company to ensure that the business and business units operate within the boundaries set by the regulators and that compliance risks are suitably monitored and mitigated in course of their activities & processes.

DIRECTORS:

During the year under review, following changes took place in the Composition of Board of Directors of the Company;

* Mr. Sundaram Sankaranarayanan (DIN: 00975329) and Mrs. B Venodhini (DIN: 00479516) were appointed as the Additional Director of the Company cum Non-Executive Independent Director and Executive Director Respectively w.e.f., 29th May, 2013.

* Mr. Loganathan Anand (DIN: 01726266) Managing Director, Mr. Nagarajan Arun Kumar (DIN: 02402197) Non-Executive Independent Director and Mr. Sasi Bhaskaran (DIN: 02446526) Non- Executive Independent Director, respectively resigned from the Board of Directors w.e.f., 10th June, 2013.

* Mrs. B. Venodhini(DIN:00479516) was appointed as the Managing Director cum Chief Executive Officer of the Company for a period of two years w.e.f., 10th June, 2013(as approved by the Share Holders of the Company at the AGM held on 25th July, 2013).

* Mr. Sundaram Sankaranarayanan (DIN: 00975329) was regularized as the Non-Executive Independent Director of the Company at the AGM Held on 25th July, 2013.

* Mr. Hariharan Jayaraman Iyer (DIN: 01313792) Non-Executive Independent Director and Mrs. Pramila Hariharan (DIN: 01364121) Non-Executive Independent Director showed their non- willingness to be re-appointed as the Director of the Company and thus both of them retired by rotation w.e.f., the AGM held on 25th July, 2013.

* Mr. Loganathan Ramakrishna (DIN: 02402152) Non-Executive Independent Director resigned from the Board of Directors w.e.f., 08th October, 2013.

* Mr. Kesavan Suresh Kumar (DIN: 06805795) was appointed as the Additional Director cum Non-Executive Independent Director of the Company w.e.f., 08th May, 2014.

* Mr. Sundaram Sankaranarayanan (DIN: 00975329) Non-Executive Independent Director resigned from the Board of Directors w.e.f., 10th May, 2014.

* Mr. Sambasivaiyer Swaminathan (DIN: 02800432) was appointed as the Additional Director cum Non-Executive Independent Director of the Company w.e.f., 14th August, 2014

In compliance with the Companies Act, 2013 the following directors are proposed to be appointed as Director/Independent Directors/Executive Director of the Company by the approval of the Share Holders of the Company;

* Mrs. B Venodhini (DIN: 00479516), who retires by rotation at the ensuing AGM under the provisions of the Companies Act, 2013, being eligible seeks re-appointment,

* Mr. Ashok Bothra (DIN 01734863) is proposed to be appointed as the Independent Director of the Company for a tenure of five years ended 31st March, 2019 under the provision of Section 149 of the Companies Act, 2013 and rules thereof,

* Mr. Kesavan Suresh Kumar (DIN: 06805795) is proposed to be appointed as the Independent Director of the Company for a tenure of five years ended 07th May, 2019 under the provision of Section 149 of the Companies Act, 2013 and

* Mr. Sambasivaiyer Swaminathan (DIN: 02800432) is proposed to be appointed as the Independent Director of the Company for a tenure of five years ended 13th August, 2019 under the provision of Section 149 of the Companies Act, 2013.

CHANGE IN THE PROMOTER/MANAGEMENT OF THE COMPANY:

Though it is already known that M/s. B.P. Jhunjhunwala & Others (HUF) has taken over the Company through an open offer, the facts of the said circumstances are brought forward as under;

M/s. B.P. Jhunjhunwala & Others (HUF) (Acquirer) entered into a Share Purchase Agreement dated 12.06.2013 with the Sellers (erstwhile Promoters) to acquire in aggregate 14,09,399 (Fourteen Lacs Nine Thousand Three Hundred and Ninety Nine) equity shares of Rs. 10/- each representing 31.32% of the fully paid-up equity and voting share capital of the Company at a price of Rs. 1.35 per fully paid-up equity share payable in cash ("Negotiated Price") for a total consideration of Rs. 19,02,688.65 (Rupees Nineteen Lacs Two Thousand Six Hundred Eighty Eight and Sixty Five Paise Only). Pursuant to the execution of the SPA, this mandatory Open Offer dated 18th July, 2013 was made by the Acquirer in compliance with the regulation 3(1) & 4 of the SEBI (SAST) Regulations, 2011

The Acquirer made an Open Offer to acquire 11,70,000 Equity Shares of Rs. 10/- each representing 26.00% of total equity and voting share capital of the Company, at a price of Rs. 1.70 (Rupees One and Seventy Paise Only) per equity share (the "Offer Price")

Final Letter of Offer was released on 18th July, 2013 stating that the Open offer will be for the following period:

Open Offer Opens on: 02nd August, 2013

Open Offer Closes on: 19th August, 2013

The Independent Directors Committee constituted for the purpose of recommendation for acceptance or rejection of the Open Offer on 30th June, 2013 recommended the acceptance of the Open Offer made by the Acquirer, as the Offer price of Rs. 1.70/- per Equity Shares as quoted by the acquirer was higher than the fair value per equity share of the Company which was certified to be Rs. 1.67 per Share.

Mr. K.R.S. Anand Kumar along with Mrs. Kalarani Sivasubramanyam (herein after referred as the "Erstwhile Promoter" or "Petitioner" ) filed an petition with the Court of the First Additional District Judge, Coimbatore, vide I.A. No. 558/2013 in O.S. No. 429/2013 and I.A. No. 559/2013 in O.S. No. 429/2013 Dated 29th August, 2013, under Order XXXIX Rule 1 and 2 r/w Sec 151 of CPC Seeking Temporary injunction against M/s. Onesource Ideas Venture Limited (Formerly Known as Anugraha Jewellers Limited) (hereinafter referred as the "Target Company") and Mr. Anand Loganathan, Mr. Hari Loganathan, K.R. Loganathan, Mr. L. Prakash, Mr. K.R.S. Suresh (hereinafter referred as the "Erstwhile Promoter or "Respondent") and M/s. B.P. Jhunjhunwala & Others (HUF) (herein after referred as the "Acquirer") and M/s. V.C. Corporate Advisors Pvt. Ltd. (hereinafter refereed as the "Manager to the Offer") and M/s. The Cameo Corporate Services Limited (hereinafter referred as the "Registrar and Share Transfer Agent for the Open Offer") for form transferring or in any manner dealing with or alienating or encumbering 1,74,000 Equity Shares of Rs. 10/- each as declared in the Open Offer Letter dated 18.07.2013 issued by the Acquirer to be standing in the name of Late M.R.S. Mani pending disposal of the suit.

The Court of the First Additional District Judge, Coimbatore passed the order in the favour of the Respondents. Thus the Order dated 29th September, 2013 dismissed the Petition and vacated the Ad- interim injunction already granted by the Court.

The Manager to the offer vide their Certificate dated 07th October, 2013 confirmed the completion of the Open Offer, stating the fact that 27,100 Equity shares were offered by the public to the Acquirers through the Open Offer. Thus the total post Takeover holding of the Acquire along with PAC was 17,37,499 Equity Shares representing 38.61% of the fully paid-up equity and voting share capital of the Company.

STATEMENT BY THE PROMOTERS:

M/s. B.P. Jhunjhunwala & Others (HUF) represented through its Karta Mr. B.P. Jhunjhunwala takes this opportunity to assure the Members of the Company that we will take all steps necessary to take the Company to next heights.

AUDITORS:

Auditors Mr. Pradeep Gupta, Chartered Accountants, holds the office until the conclusion of the ensuing Annual General Meeting. Your company has received a letter dated 06th August, 2014 from Mr. Pradeep Gupta stating his un-willingness to be re-appointed as the Auditor of the Company due to his prior engagements with other companies. The Audit Committee of the Board and Board of Directors at the Meeting held on 14th August, 2014 has recommended the appointment of M/s. Dharmaraj & Co., (Firm Registration No. 013630S) Chartered Accountants as the Statutory Auditors of the Company. A certificate from the M/s. Dharmaraj & Co., U/s. 141 of the Companies Act, 2013 to the effect that their appointment if made, will be within the limit prescribed and that they do not disqualify for appointment. In terms of Section 139 of the Companies Act, 2013, M/s. Dharmaraj & Co., Chartered Accountants is proposed to be appointed for a tenure of 4 Annual General Meeting from the conclusion the ensuing 20th Annual General Meeting to the conclusion of the 24th Annual General Meeting(subject to ratification of this appointment at every AGM)

The notes on Financial Statements referred to in the Auditor''s Report are self-explanatory and do not call for any further comments.

PARTICULARS OF EMPLOYEE:

There are no employees who are paid remuneration in excess under Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975 as amended from time to time.

PARTICULARS OF ENERGY CONSUMPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO AND TECHNOLOGY ABSORPTION, ADAPTATION AND INNOVATION, RESEARCH AND DEVELOPMENT:

A) ENERGY CONSERVATION:

Conservation of energy continues to receive increased emphasis and steps are being taken to reduce the consumption of energy at all levels. The Company has taken steps to conserve energy in its office use, consequent to which energy consumption had been minimized. No additional Proposals/ Investments were made to conserve energy. Since the Company does not carried on industrial activities, disclosure regarding impact of measures on cost of production of goods, total energy consumption, etc, are not applicable.

B) FOREIGN EXCHANGE EARNINGS AND OUTGO:

The company has not earned or spent any foreign exchange during the year under review.

C) Technology Absorption, Adaptation and Innovation, Research and Development:

The Company has not adopted any technology for its business and hence no reporting is required to be furnished under this heading. The Company will adopt necessary technology as and when required in the furtherance of the business.

CORPORATE GOVERNANCE:

The Company is committed to maintain the highest standards of corporate governance and adhere to the corporate governance requirements set out by SEBI and Stock Exchanges. The Company has also implemented several best corporate governance practices as prevalent globally.

The Report on corporate governance as stipulated under Clause 49 of the Listing Agreement forms part of the Annual Report.

The requisite certificate from the Auditors of the Company confirming compliance with the conditions of corporate governance as stipulated under the aforesaid Clause 49, is attached to the Report on corporate governance.

COMPLIANCE CERTIFICATE:

In accordance with section 383A of Companies Act, 1956 and Companies (Compliance Certificate) Rules, 2001 the Company has obtained the Compliance Certificate from a Secretary in whole-time practice confirming that the Company has complied with the provisions as required u/s 383A of the Companies Act, 1956 and copy of such certificate is annexed to this report

DIRECTORS'' RESPONSIBILITY STATEMENT :

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

(i) in the preparation of the annual accounts for the year ended March 31, 2014, the applicable accounting standards read with requirements set out under Schedule VI to the Companies Act, 1956, have been followed and there are no material departures from the same;

(ii) the Directors have selected such accounting policies and applied them consistently and made judgment and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2014 and of the profit of the Company for the year ended on that date;

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

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

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

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

EQUITY SHARE CAPITAL:

The Company vide Special Resolution passed through declaration of Postal Ballot Results dated, 01st March, 2014 , Pursuant to Section 100 to 104 and other applicable provisions, if any, of the Companies Act, 1956, (including any statutory re-enactment or amendment thereof) and subject to the Listing Agreement entered into by the Company with Stock Exchanges where Shares of Company are listed, and subject to the confirmation of the Hon'' ble High Court, and other appropriate authorities in this regard, has accorded its consent to the reduction of Paid-up Capital of the Company from Rs. 4,50,00,000 divided into 45,00,000 Equity Shares of Rs. 10/- each fully paid-up to Rs. 22,50,000 divided into 2,25,000 Equity Shares of Rs. 10/- each fully paid which capital has been lost and is unrepresented by the available assets and to effect such reduction by setting off its Accumulated Losses in the Profit and Loss Account to the extent of Rs. 4,27,50,000/- as per Audited Accounts as on 31st December 2013.

The Company has vide its petition No. 257 of 2014 has filed its Petition for confirmation of Reduction of the Paid-Up Share Capital of the Company with Honourable High Court of Madras. The Judgement of High Court of Madras is awaited.

LISTING:

Your Company paid the Listing Fees for Both BSE Limited and Madras Stock Exchange Limited for the FY 2014-15 in terms of listing agreement entered with the said Stock Exchanges.

RELATED PARTY TRANSACTION:

During the year under review, the Company has not entered in to any related party transactions except payment of salary/remuneration to Key Managerial Personnel''s.

ACKNOWLEDGEMENT:

Your Directors wish to place on record their appreciation for the contribution made by the employees at all levels but for whose hard work, and support, your company''s achievements would not have been possible. Your Directors also wish to thank its customers, dealers, agents, suppliers, investors and bankers for their continued support and faith reposed in the company.

By order of the Board of Directors For Onesource Ideas Venture Limited

Sd/- Date : 14th August, 2014 B VENODHINI Place : Chennai Managing Director

Mar 31, 2013

To The Members,

The Directors have pleasure in presenting the 19th Annual Report of your Company together with the Audited Statements of Accounts for the year ended March 31, 2013.

(Rs. in Lacs)

Financial Results Year Ended Year Ended 31.03.2013 31.03.2012

Sales / Income 33.57 14.87

Profit / (Loss) before Tax & extraordinary item -6.96 -0.28

Less : Provision for Taxation 0.09 0.01

Profit / (Loss) after Tax -7.05 -0.29

Add : Profit / (Loss) brought forward from Previous Year -234.40 -234.11

Balance of Losses carried forward -241.45 -234.40

OVERVIEW OF ECONOMY

According to the latest estimates, Indian Economy grew by 5% in FY 2013, reflecting lower than expected growth in both industry and services sectors. Inflation also was at elevated levels. However with commodity and crude oil prices on the decline from the peak and with various policy initiatives coming through, the Economy is estimated to grow by around 6% in FY2014 with lower Inflation.

OVERALL PERFORMANCE & OUTLOOK

The Business environment remains extremely challenging and the recessionary economic conditions leading to slowdown in demand and inflation pushed scale up of input costs left its adverse imprint on overall performance for 2012-2013.

Due to sluggishness in economy and lack of demand by consumers, Gross income from operations remained at Rs. 33.57 Lac in comparison to last years'' figure of Rs. 14.87 Lac. In term of Net Loss, the same has been widened during the year and was of Rs. 7.05 Lac in comparison to last years'' net loss of Rs. 0.29 Lac.

The Company is in to the Business of trading of Gold & Diamond Jewellery through its retail outlets.

The company is willing to change the nature of activities considering the too competitive Jewellery trade in Coimbatore. Further, your Directors are exploring other options for undertaking new activities in the future.

DIVIDEND

Due to losses during the year and also due to carried forward losses, your Company do not recommend any Dividend during the year under review.

SUBSIDIARY COMPANY

The Company does not have any subsidiary.

MANAGEMENT DISCUSSION & ANALYSIS

As required by Clause 49 of Listing Agreement, the Management Discussion and Analysis is annexed and forms part of the Directors'' Report.

MANAGEMENT

There is no Change in Management of the Company during the year under review.

DIRECTORS

During the Year, with effect from 29th May 2013, Ms. B. Venodhini and Mr. Sundaram Sankaranarayanan have been appointed as Executive and Independent Directors of the Company respectively to broad base the Board; are liable to retire in ensuring Annual General Meeting and are eligible, offers themselves for re- appointment in next Annual General Meeting.

Further, none of the Directors of the Company are disqualified under section 274(1)(g) of the Companies Act 1956.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 217 (2AA) of the Companies (Amendment) Act, 2000 the Directors confirm that:

1. In the preparation of the annual accounts, for the year ended 31st March 2013, all the applicable accounting standards prescribed by the Institute of Chartered Accountants of India have been followed;

2. The Directors had adopted such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of the Company for that period;

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

4. The Directors had prepared the annual accounts on a going concern basis as stated in Note 21 of Notes on accounts.

STATUTORY INFORMATION

The Company being basically in the business of trading of Gold & Diamond Jewellery, requirement, regarding and disclosures of Particulars of conservation of energy and technology absorption prescribed by the rule is not applicable to us.

INFORMATION TECHNOLOGY

Your Company believes that in addition to progressive thought, it is imperative to invest in information & technology to ascertain future exposure and prepare for challenges. In its endeavor to obtain and deliver the best, your Company has entered into alliances/tie-ups with an IT solution Company to harness and tap the latest and the best of technology in the world and deploy/absorb technology wherever feasible, relevant and appropriate.

RESEARCH & DEVELOPMENT

The Company believes that technological obsolescence is a reality. Only progressive research and development will help us to measure up to future challenges and opportunities. We invest in and encourage continuous innovation. During the year under review, expenditure on research and development is not significant in relation to the nature size of operations of your Company.

AUDITORS

Existing Auditors M/s. Gurubatham & Associates who are retiring in ensuring Annual General Meeting have expressed their un-willingness to re-appoint as Auditors of the Company.

In place of existing Auditors, the Board has appointed M/s Pradeep Gupta, Chartered Accountants, Mumbai for financial year 2013-2014. Your Company has received certificate from the Auditors u/s 224(1B) of the Companies Act, 1956 to the effect that their appointment if made, will be within the limit prescribed. The shareholders are requested to appoint Auditors and fix their remuneration.

COMMENTS ON AUDITOR''S REPORT :

The notes referred to in the Auditor''s Report are self explanatory and as such they do not call for any further explanation as required under section 217(3) of the Companies Act, 1956.

PARTICULARS OF EMPLOYEES

People are the backbone of our operations. It is a matter of great satisfaction for our Company that our employees have been very supportive of the Company''s plan. By far the employee''s relations have been cordial throughout the year.

The information as required by provisions of section 217(2A) of the Companies Act, 1956 read with the companies (Particular of employees) amendments rules, 1975 is reported to be NIL.

PARTICULARS UNDER SECTION 217 (1) (E) OF THE COMPANIES ACT, 1956

The Company is having into the business of trading of Gold & Silver Jewellery during the year under review and hence the information regarding conservation of energy, Technology Absorption, Adoption and innovation, the information required under section 217(1)(e) of the Companies Act, 1956 read with the Companies (Disclosure of particulars in the Report of Board of Directors) Rules 1988, is reported to be NIL.

FOREIGN EXCHANGE EARNINGS AND OUTGO

The Company has not earned or used foreign exchange earnings/outgoings during the year under review.

PUBLIC DEPOSITS

During the year under review, your Company has not accepted any deposits from the public within the meaning of section 58A of the Companies Act 1956 and the rules there under.

REPORT ON CORPORATE GOVERNANCE

The Company conforms to the norms of Corporate Governance as envisaged in the Companies Act, 1956 and the Listing Agreement with the Bombay Stock Exchange Limited. Pursuant to Clause 49 of the Listing

Agreement, a Report on the Corporate Governance and the Auditors Certificate on Corporate Governance are annexed to this report.

APPRECIATION

Your Directors wish to place on record their appreciation towards the contribution of all the employees of the Company and their gratitude to the Company''s valued customers, bankers, vendors and members for their continued support and confidence in the Company.

Coimbatore, May 29, 2013 By order of the Board

For ANUGRAHA JEWELLERS LIMITED

Registered Office :

473, Big Bazaar Street, ANAND LOGANATHAN

Coimbatore - 641 001 Chairman & Managing Director

Mar 31, 2012

The Directors hereby present the Eighteenth Annual Report together with the Audited Accounts for the period ended 31st March 2012.

FINANCIAL RESULTS

The working of the Company during the year under review resulted in a Net Loss of Rs. 28317/- (Previous year Net Profit of Rs. 192'348/-).

ABOUT THE INDUSTRY:

Your directors felt that the scope of increasing the Jewellery busiiness in the current premises was not there. The reason for this are' the congestion in the area and the difficult approach' and also the mushrooming of Big jewellery stores in the city with easy approach road and ample parking facilities. Hence the Board has recommended the sale of the property at 473' Big Bazaar street' Coimbatore.

As you are aware' as required under Section 192 A of the Companies Act'1956' read with the companies ( Passing of the Resolution by postal Ballot) Rules' 2001' neces- sary notice and resolution along with Postal Ballot Form' seeking your approval for the above said purposal has already been sent.

FUTURE PROSPECTS:

Once the sale of the company building is complete' then the board will decide on how best to utilize the sale proceeds to derive the maximum benefit for the company.

DIRECTORS:

Sri Iyer Hariharan Jayaraman and Smt. Pramilla Hariharan ' Directors retire at the ensuing Annual General Meeting and are eligible for re-appointment as Directors. Sri Ashok K Bothra was appointed as an Additional director of the company with effect from 29.06.2012 and holds office till this Annual General Meeting. Considering the directors vast experience in various fields of management' your board is of the opinion that his appointment at the ensuing Annual General Meeting would be beneficial to the growth of the company. Necessary resolution for his appointment as a director of the company' at the ensuing Annual General Meeting is placed for approval of members.

None of the directors of the company are disqualified under section 274(1) (g) of the Companies Act' 1956' from being appointed as director of this company.

AUDITORS:

Mr. R. Gurubatham' Auditor of the company retires at the conclusion of the ensuing Annual General Meeting and is eligible for re-appointment. It is proposed to Appoint M/s Gurubatham & Co as the Auditors for the year 2012-2013

DEPOSITS : The Company has not accepted any deposits within the meaning of section 58A of the Companies Act' 1956 read with Reserve Bank of India's Directions for acceptance of Deposits by Non-Banking Non-Financial Companies.

STATUTORY INFORMATION:

None of the employees of the company are drawing remuneration in excess of the limits prescribed under section 217(2A) of the Companies Act' 1956' during the year under report

DIRECTORS RESPONSIBILITY STATEMENT

Your Directors in terms of Section 217(2AA) of the Companies Act' 1956 confirm that:

i) All applicable accounting standards have been followed in the preparation of the annual accounts.

ii) Your directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company as of 31st March 2012 and of the loss of the company for the 12 months period ended that date.

iii) Proper and Sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

iv) The annual accounts have been prepared on going concern basis as stated in Note 21 of Notes on accounts.

CONSERVATION OF ENERGY; RESEARCH & DEVELOPMENT:

The information required under Section 217 (2) (e) is not applicable since the operations of the Company are not energy incentive.

No foreign Exchange was involved during the year under report.

CASH FLOW STATEMENT AS PER LISTING AGREEMENT.

Cash Flow Statement is enclosed.

COMPLIANCE CERTIFICATE

Compliance certificate as required under section 383A of the Companies Act' 1956' obtained from a company secretary in whole time practice is attached to this report.

ACKNOWLEDGEMENT

Your Directors wish to express their full appreciation for the assistance and co-operation extended to us by its banker' Indian Overseas Bank. Your Directors wish to thank the esteemed shareholders for extending their unstinted co-operation and support in the Management of the Company.

The Directors also wish to thank all the employees for their support and co-operation.

By order of the Board For Anugraha Jewellers Limited

Place : Coimbatore

Date : 10.08.2012 Anand Loganathan

Managing Director.

Mar 31, 2010

The Directors hereby present the Sixteenth Annual Report together with the Audited Accounts for the period ended 31st March 2010.

FINANCIAL RESULTS

During the year the Company was able to achieve a Net Profit of Rs.34,355/- (Previous year Loss of Rs. 1,74,564/-).

PERFORMANCE

Your directors are taking steps to generate more revenue during the current year.

FUTURE PROSPECTS:

Business has become very competitive due to the entry of very big players in the Jewellery trade in our city. Your directors are taking all steps to reduce expenditure in the Company and thus achieve more profits.

DIRECTORS:

Mr. Iyer Hariharan Jayaraman and Mrs. Pramila Hariharan Directors retire at the ensuing Annual General Meeting and are eligible for re-appointment as Directors.

No Director of the company is disqualified under section 274(1) (g) of the Companies Act, 1956, from being appointed as director of this company.

AUDITORS:

Mr. R. Gurubatham, Auditor of the company retires at the conclusion of the ensuing Annual General Meeting and is eligible for re-appointment.

DEPOSITS

The Company has not accepted any deposits within the meaning of section 58 A of the Companies Act, 1956 read with Reserve Bank of Indias Directions for acceptance of Deposits by Non-Banking Non-Financial Companies.

STATUTORY INFORMATION:

None of the employees of the company are drawing remuneration in excess of the limits prescribed under section 217(2A) of the Companies Act, 1956, during the year under report

DIRECTORS RESPONSIBILITY STATEMENT

Your Directors in terms of Section 217(2AA) of the Companies Act, 1956 confirm that:

i) All applicable accounting standards have been followed in the preparation of the annual accounts.

ii) Your directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company as of 31" March 2010 and of the profit of the company for the 12 months period ended that date.

iii) Proper and Sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

iv) The annual accounts have been prepared on going concern basis as stated in Note 21 of Notes on accounts.

CONSERVATION OF ENERGY; RESEARCH & DEVELOPMENT:

The information required under Section 217 (2) (e) is not applicable since the operations of the Company are not energy incentive.

No foreign Exchange was involved during the year under report

CASH FLOW STATEMENT AS PER LISTING AGREEMENT.

Cash Flow Statement is enclosed.

COMPLIANCE CERTIFICATE

Compliance certificate as required under section 383A of the Companies Act, 1956, obtained from a company secretary in whole time practice is attached to this report

ACKNOWLEDGEMENT

Your Directors wish to express their full appreciation for the assistance and co-operation extended to us by its banker, Indian Overseas Bank. Your Directors wish to thank the esteemed shareholders for extending their unstinted cooperation and support in the Management of the Company.

The Directors also wish to thank all the employees for their support and co-operation.

By Order of the Board.

Place : Coimbatore Anand Loganathan

Date : 09.08.2010 Chairman of the Meeting

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