KYC is one time exercise with a SEBI registered intermediary while dealing in securities markets (Broker/ DP/ Mutual Fund etc.). | No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.   |   Prevent unauthorized transactions in your account – Update your mobile numbers / email ids with your stock brokers. Receive information of your transactions directly from exchange on your mobile / email at the EOD | Filing Complaint on SCORES - QUICK & EASY a) Register on SCORES b) Mandatory details for filing complaints on SCORE - Name, PAN, Email, Address and Mob. no. c) Benefits - speedy redressal & Effective communication   |   BSE Prices delayed by 5 minutes...<< Prices as on Sep 15, 2026 - 3:59PM >>  ABB India 7093.45  [ -2.42% ]  ACC 1227  [ -1.54% ]  Ambuja Cements 386.4  [ -1.18% ]  Asian Paints 2438.15  [ -1.29% ]  Axis Bank 1236.4  [ -0.89% ]  Bajaj Auto 11530.05  [ -1.32% ]  Bank of Baroda 234.9  [ -1.22% ]  Bharti Airtel 1831.5  [ -0.03% ]  Bharat Heavy 422.9  [ -1.79% ]  Bharat Petroleum 304.55  [ 0.02% ]  Britannia Industries 4988.5  [ 0.37% ]  Cipla 1355.1  [ -0.73% ]  Coal India 424.3  [ -0.31% ]  Colgate Palm 1823.95  [ 1.47% ]  Dabur India 383.95  [ 1.98% ]  DLF 630.5  [ -2.04% ]  Dr. Reddy's Lab. 1160.65  [ -0.03% ]  GAIL (India) 171.25  [ -1.52% ]  Grasim Industries 3214.15  [ -2.05% ]  HCL Technologies 1279.55  [ 6.01% ]  HDFC Bank 720.3  [ 1.74% ]  Hero MotoCorp 5264.1  [ 0.75% ]  Hindustan Unilever 1949  [ 0.78% ]  Hindalco Industries 972.85  [ -0.92% ]  ICICI Bank 1353.9  [ -1.83% ]  Indian Hotels Co. 726.95  [ 1.28% ]  IndusInd Bank 962  [ -1.62% ]  Infosys 1088.95  [ 4.89% ]  ITC 261.25  [ 0.38% ]  Jindal Steel 1097.5  [ -1.86% ]  Kotak Mahindra Bank 413.95  [ -1.13% ]  L&T 3852.5  [ -1.60% ]  Lupin 2076.7  [ -0.92% ]  Mahi. & Mahi 3089.25  [ -0.99% ]  Maruti Suzuki India 12320  [ -0.73% ]  MTNL 24.4  [ -1.25% ]  Nestle India 1369.2  [ -1.07% ]  NIIT 92.5  [ 0.11% ]  NMDC 81.68  [ -0.93% ]  NTPC 327.8  [ -1.65% ]  ONGC 235.8  [ 1.40% ]  Punj. NationlBak 115.55  [ -0.94% ]  Power Grid Corpn. 264.75  [ -1.62% ]  Reliance Industries 1256.3  [ -0.14% ]  SBI 980.35  [ -1.67% ]  Vedanta 258.3  [ -2.29% ]  Shipping Corpn. 274.45  [ -2.05% ]  Sun Pharmaceutical 1832  [ -0.54% ]  Tata Chemicals 734.5  [ 20.00% ]  Tata Consumer 994.65  [ 0.31% ]  Tata Motors Passenge 312.05  [ 3.33% ]  Tata Steel 184.4  [ 0.85% ]  Tata Power Co. 366.4  [ 0.38% ]  Tata Consult. Serv. 2312.65  [ 5.02% ]  Tech Mahindra 1616.65  [ 5.01% ]  UltraTech Cement 10763  [ -2.12% ]  United Spirits 1385  [ -0.87% ]  Wipro 172.15  [ 2.78% ]  Zee Entertainment 79.11  [ -0.40% ]  

Company Information

Indian Indices

  • Loading....

Global Indices

  • Loading....

Forex

  • Loading....

BEEZAASAN EXPLOTECH LTD.

15 September 2026 | 04:01

Industry >> Chemicals - Others

Select Another Company

ISIN No INE13VU01016 BSE Code / NSE Code 544369 / BEEZAASAN Book Value (Rs.) 102.58 Face Value 10.00
Bookclosure 52Week High 585 EPS 8.76 P/E 65.29
Market Cap. 866.68 Cr. 52Week Low 177 P/BV / Div Yield (%) 5.58 / 0.00 Market Lot 800.00
Security Type Other

DIRECTOR'S REPORT

You can view full text of the latest Director's Report for the company.
Year End :2026-03 

Your directors are pleased to present herewith the 13th ANNUAL REPORT together with the Audited Financial Statements and Auditors'
report thereon for the year ended 31st March, 2026.

FINANCIAL RESULTS / STATE OF COMPANY AFFAIRS:

The Financial Results of the Company for the year ended on 31st March, 2026 are as follows:

PARTICULARS

Standalone

Consolidated

2025-26 2024-25

2025-26

2024-25

Total Income

21,322.74

21,639.29

21,323.53

21,639.30

Profit / (Loss) Before Depreciation, Amortization and Taxation

1,845.91

1,886.85

2,065.30

2,101.95

Depreciation and Amortization

287.23

242.29

311.00

262.07

Profit / (Loss) Before Taxation

1,558.69

1,644.57

1,755.19

1,839.88

Current Tax

336.97

374.86

366.98

401.68

Deferred Tax Liability

41.11

39.59

44.84

46.99

Minority Interest

0.00

0.00

15.91

78.91

Profit / (Loss) after Taxation

1,180.61

1,230.11

1,327.46

1,312.29

PERFORMANCE REVIEW
Standalone Results

During the year under review, your company has recorded total
income of
Rs. 21,322.74 Lakhs as compared to previous year's
revenue from operations of
Rs.21,639.29 Lakhs. Net Profit after
taxation was
Rs. 1,180.61 Lakhs as compared to Net Profit after
taxation of
Rs. 1,230.11 Lakhs of previous year.

Consolidated Results

During the year under review, your company has recorded
consolidated revenue from operations of
Rs. 21,323.53 Lakhs as
compared to previous year's consolidated revenue from operations
of
Rs. 21,639.30 Lakhs. Consolidated Net Profit after taxation was
Rs. 1,327.46 Lakhs as compared to Consolidated Net Profit after
taxation of
Rs. 1,312.29 Lakhs of previous year.

DIVIDEND AND TRANSFER TO RESERVES:

To conserve the resources, your directors do not recommend any
payment of dividend for the year under review. Further, the Company
has not transferred any amount to reserves during the year.

MATERIAL CHANGES AFFECTING FINANCIAL POSITION
OF THE COMPANY:

There have been no material changes or commitments affecting the
financial position of the Company which have occurred between the
end of the financial year under review and the date of this Report.

REGISTERED OFFICE OF THE COMPANY:

The Company has shifted its registered office of the Company from
5th Floor, Shop No. 511, Tangent Complex, Nr. Sargasan Circle,
Village Sargasan, Taluka and District Gandhinagar -382421, Gujarat
to 7th Floor, Office No. 701-706, 733 & 734, Swagat Twin City
Highstreet & Swagat Kingsland, Swagat Blossom Road, Sargasan,
Gandhinagar-382421, Gujarat w.e.f. January 29, 2026.

SHARE CAPITAL OF THE COMPANY:

Authorised Share Capital:

During the year under review, the Authorised share capital of the

Company has increased from Rs. 15,00,00,000 (Rupees Fifteen
Crore) divided into 1,50,00,000 (One Crore and Fifty Lakhs) Equity
Shares of Face Value Re. 10/- (Rupee Ten) each to Rs. 16,00,00,000/-
(Rupees Sixteen Crore only) divided into 1,60,00,000 (One Crore
and Sixty Lakhs only) Equity Shares of Face Value Re. 10/- (Rupee
Ten) each by way of Special resolution passed in the Extra-ordinary
General Meeting held on 18th December 2025.

Issued, Subscribed and Paid-up Share Capital:

During the year under review, the Board of Directors, at its meeting
held on 2nd March, 2026, has allotted 22,30,641 Equity Shares of
face value Rs. 10/- each at an issue price of Rs. 236/- per share
(including a premium of Rs. 226/- per share) on a preferential basis
to persons belonging to the Promoter and Promoter Group category,
for consideration other than cash, aggregating to Rs. 52,64,31,276/-,
in lieu of acquisition of 34.84% shareholding in Asawara Earthtech
Limited.

As on 31st March 2026, the Issued, Subscribed and Paid-up share
capital of the Company was Rs. 15,15,17,740/- (Rupees Fifteen
Crores Fifteen Lakhs Seventeen Thousand Seven hundred forty
only) divided into 1,51,51,774 (One Crore Fifty-one lakhs fifty-one
thousand seven hundred seventy-four only) Equity Shares of Face
Value Re. 10/- (Rupee Ten only) each.

The Members had approved the issuance of the aforesaid Equity
Shares by way of a Special Resolution passed at the Extra-Ordinary
General Meeting held on 18th December, 2025. Subsequently, the
said equity shares were made available for trading on BSE Limited
with effect from Friday, June 5, 2026.

The equity shares so allotted rank pari passu with the existing
equity shares of the Company in all respects and are subject to the
applicable lock-in requirements prescribed under the SEBI (Issue of
Capital and Disclosure Requirements) Regulations, 2018.

HOLDING, SUBSIDIARIES, JOINT VENTURE OR
ASSOCIATE COMPANIES:

• During the financial year under review, the Company

acquired 3,47,480 equity shares representing 34.84%
of the paid-up share capital of M/s. Asawara Earthtech
Limited. Consequently, M/s. Asawara Earthtech Limited
has become an Associate Company of the Company within
the meaning of Section 2(6) of the Companies Act, 2013.

• During the financial year under review, the Company

incorporated a wholly-owned subsidiary namely Beezaasan
Safetycord Limited, on 21.10.2025. The Company holds 100% of
the paid-up share capital of the said company and accordingly,
it has become a wholly-owned subsidiary of the Company.

• During the year under review, Asawara Industries Limited
has become wholly owned subsidiary of the Company, as the
Company has increased its stake from 51% to 100%.

• There has been no change in the nature of business of these
subsidiaries and associates.

Further, pursuant to the provisions of Section 136 of the Act,
the financial statements of the Company, consolidated financial
statements along with relevant documents and separate audited
financial statements in respect of subsidiaries are available on
the website of the Company at https://beezaasan.com

• The details of subsidiaries in prescribed form of AOC-1 are
given as
Annexure-I.

DIRECTORS/KEY MANAGERIAL PERSONNEL:

During the year under review, the following changes took place in
the Board:

Ms. Ankita Choudhary (Membership No. A59161) resigned from the
position of Whole Time Company Secretary of the Company w.e.f.
April 10, 2025. Subsequently, Mrs. Aakansha Kamley (Membership
No. A69141) was appointed as Whole Time Company Secretary of
the Company w.e.f. May 29, 2025.

Mr. Sanjay Shrivastava was appointed as an Additional Director of
the Company by the Board of Directors with effect from 25.11.2025,
pursuant to the provisions of Section 161 of the Companies Act, 2013
and the Articles of Association of the Company.

Further, his appointment as Whole time Director is approved by way
of postal ballot on 13.02.2026.

As on 31.03.2026 the Board of Directors consist as follows:

Name

Category

Sunilkumar Somani

Promoter - Whole Time Director

Navneetkumar Somani

Promoter - Managing Director (Chairman)

Rajan Somani

Promoter - Executive Director

Sanjay Shrivasatava

Non-Promoter - Whole Time Director

Mukesh Kumar Rathi

Non-Promoter - Independent Director

Suraj Sharma

Non-Promoter - Independent Director

Ritika Bajaj

Non-Promoter - Non-Executive Director

The term of Navneetkumar Somani (DIN: 01782793) as Chairman
and Managing director will be expiring on 21/08/2027. Based on

his skills, vast experience, knowledge, performance evaluation and
recommendation of the Nomination and Remuneration Committee
and approval of Audit Committee and the Board of Directors, it is
proposed to re-appoint him for the 3 (Three) years effective from
22/08/2027.

Further, the term of Mr. Sunilkumar Somani (DIN: 01766897) as a
Whole-time Director will be expiring on 21/08/2027. Based on his
skills, vast experience, knowledge, performance evaluation and
recommendation of the Nomination and Remuneration Committee
and approval of Audit Committee and the Board of Directors, it is
proposed to re-appoint him for the 3 (Three) years effective from
22/08/2027.

The proposed reappointment shall be subject to the approval
of the members at the ensuing 13th Annual General Meeting. His
brief resume, as required under Regulation 36 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, forms
part of the Notice AGM.

DIRECTORS LIABLE TO RETIRE BY ROTATION

In accordance with the provisions of Section 152 of the Companies
Act, 2013 and the Rules framed hereunder, Mr. Rajan Somani and
Mr. Sunilkumar Somani will retire by rotation at the ensuing Annual
General Meeting and they being eligible have offered themselves
for re-appointment. The Board recommends passing necessary
resolution.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

Pursuant to Regulation 34 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, the Management
Discussion and Analysis Report highlighting inter alia the business
performance, risk management, internal control and affairs of the
Company for the reporting year is attached as
Annexure - II to this
Report.

DIRECTORS' RESPONSIBILITY STATEMENT:

It is hereby stated that:

a. In the preparation of the annual financial statement, the
applicable accounting standards had been followed and that no
material departures have been made for the same.

b. The Directors have selected such accounting policies and
applied them consistently and made judgments and estimates
that are reasonable and prudent so as to give 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 year.

c. The Directors have 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.

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

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

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

NUMBER OF BOARD MEETINGS OF THE BOARD:

During the year under review, the Board of Directors duly met 11 times and the details of attendance of Directors are as follows:

Date of the Board Meeting

Mr. Navneet
Somani

Mr. Sunil
Somani

Mr. Rajan
Somani

Mr. Sanjay
Shrivastava

Mr. Suraj
Sharma

Mr. Mukesh
Kumar Rathi

Ms. Ritika
Bajaj

12.05.2025

/

/

/

-

/

/

/

13.05.2025

/

/

/

-

/

/

/

20.05.2025

/

/

/

-

/

/

/

29.05.2025

/

/

/

-

/

/

/

30.06.2025

/

/

/

-

/

/

/

04.08.2025

/

/

/

-

/

/

/

02.09.2025

/

/

/

-

/

/

/

04.09.2025

/

/

/

-

/

/

/

13.10.2025

/

/

/

-

/

/

/

13.11.2025

/

/

/

-

/

/

/

25.11.2025

/

/

/

-

/

/

/

18.12.2025

/

/

/

/

/

/

/

13.01.2026

/

/

/

/

/

/

/

29.01.2026

/

/

/

/

/

/

/

02.03.2026

/

/

/

/

/

/

/

Total Number of Meetings Attended

15/15

15/15

15/15

4/4

15/15

15/15

15/15

The gap between two Board Meetings was well within the limit as
prescribed in the Companies Act, 2013. In respect of the meetings,
proper notice was given and the proceedings were recorded and
signed. Minutes Book was maintained for the purpose.

INDEPENDENT DIRECTORS:

Declarations:

The Independent Directors have submitted a declaration of
independence, stating that they meet the criteria of independence
provided under section 149(6) of the Companies Act, 2013. The
independent directors have also confirmed compliance with the
provisions of Rule 6 of Companies (Appointment and Qualifications
of Directors) Rules, 2014, as amended, relating to inclusion of their
name in the databank of Independent Directors.

Independent directors' meeting:

Pursuant to the Act and SEBI Listing Regulations, the independent
directors must hold at least one meeting in financial year without
attendance of Non-Independent directors and members of the
Management. Accordingly, Independent Directors of the Company
met on Thursday, 29 May, 2025 and:

• reviewed the performance of Non-Independent
directors of the company and the board as a whole;

• assessed the quality, quantity and timeliness of flow of
information between the Company's Management and the Board
that is necessary for the Board to effectively and reasonably
perform their duties.

In the opinion of the Board, all the Independent Directors possess

requisite qualifications, experience, expertise including Proficiency
and hold high standards of integrity for the purpose of Rule 8(5)(iiia)
of the Companies (Accounts) Rules, 2014.

CORPORATE GOVERNANCE:

Since the company is listed on SME platform of BSE, the compliance
with the Corporate Governance provisions as specified in Regulation
17 to 27 and Clauses (b) to (i) of Regulation 46(2) and para-C, D
and E of Schedule V of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, shall not apply to the Company.
Hence no Corporate Governance Report is disclosed in this Annual
Report.

However, as a good corporate governance practice, the Company
has been complying some of the important compliance in connection
with the aforesaid provisions / regulations voluntarily.

FAMILIARIZATION POLICY:

The Board recognizes the importance of familiarization for
Independent Directors and ensures that they receive adequate
exposure to the Company's business operations, industry landscape
and the overall business model at the time of their induction. Upon
joining, Independent Directors are provided with an overview of the
Company, its industry, key operational processes, and other relevant
aspects to enable them to understand the business environment
effectively.

The policy and details of familiarization programme imparted to the
Independent Directors of the Company are available on the website
of the Company at the www.beezaasan.com.

CONSTITUTION OF COMMITTEES:

Various committees were constituted during the financial year 2025¬
26 which are as under:

• Audit Committee:

Audit Committee which comprised of following Directors as its
members:

Name

Designation

Category

Mukesh Kumar

Chairman

Non-Executive Independent

Rathi

Director

Suraj Sharma

Member

Non-Executive Independent
Director

Navneetkumar

Somani

Member

Managing Director

Date of Meeting of Audit Committee- 29.05.2025, 04.08.2025,
02.09.2025, 13.10.2025 and 13.11.2025 which has been
attended by all the committee members.

The very purpose of the Audit Committee is to assist the
Board in fulfilling its oversight responsibilities of monitoring
financial reporting processes, reviewing the Company's
established systems and processes for Internal financial
controls, governance and reviewing the Company's Statutory
and Internal Audit activities. The Committee is in compliance
with the provisions of Regulation 18 of the SEBI (LODR)
Regulations, 2015 and Section 177 of the Companies Act,

2013.

The Company has established a vigil mechanism and oversee
through the committee, the genuine concerns expressed
by the employees and other Directors. The Company has
also provided adequate safeguards against victimization of
employees and Directors who express their concerns. The
Company has also provided direct access to the chairman
of the Audit Committee on reporting issues concerning the
interests of employees and the Company.

Nomination & Remuneration Committee:

Nomination & Remuneration Committee which comprised of
following Directors as its members:

Name

Designation

Category

Ritika Bajaj

Chairperson

Non-Executive Non¬
Independent Director

Suraj Sharma

Member

Non-Executive Independent
Director

Mukesh Kumar

Member

Non-Executive Independent

Rathi

Director

Date of Meeting of Nomination & Remuneration Committee -
29.05.2025 & 25.11.2025, which has been attended by all the
committee members

POLICY ON DIRECTORS' APPOINTMENT AND
REMUNERATION:

Pursuant to the requirements of Section 134 and 178 of the
Company Act, 2013, read with relevant rules framed thereunder,
the Board has framed a Remuneration Policy. The policy on
appointment of Board Members and policy on remuneration

of the Directors, KMPs and Senior Managerial Personnel is
attached as per
Annexure - III and can be accessed at the
company's website at
www.beezaasan.com.

This policy inter-alia, provides

a. The criteria for determining qualifications, positive
attributes and independence of directors; and

b. Policy on remuneration of directors, key managerial
personnel and other employees.

The policy is directed towards a compensation philosophy
and structure that will reward and retain talent; and provides
for a balance between fixed and incentive pay reflecting
short and long-term performance objectives appropriate to
the working of the Company and its goals.

Terms of Reference

The Terms of Reference of the Nomination and Remuneration

Committee are as under:

1. To identify persons who are qualified to become Directors and
who may be appointed in senior management in accordance
with the criteria laid down, recommend to the Board their
appointment and removal and shall carry out evaluation of every
Director's performance.

2. To formulate the criteria for determining qualifications, positive
attributes and independence of a Director and recommend to
the Board a policy, relating to the remuneration for the Directors,
Key Managerial Personnel and other employees.

3. The Nomination and Remuneration Committee shall, while
formulating the policy ensure that:

a. the level and composition of remuneration is reasonable and
sufficient to attract, retain and motivate Directors of the
quality required to run the Company successfully;

b. relationship of remuneration to performance is clear and
meets appropriate performance benchmarks; and

c. remuneration to Directors, Key Managerial Personnel and
senior management involves a balance between fixed and
incentive pay reflecting short and long-term performance
objectives appropriate to the working of the company and
its goals:

4. Regularly review the Human Resource function of the Company

5. Discharge such other function(s) or exercise such power(s) as
may be delegated to the Committee by the Board from time to
time.

6. Make reports to the Board as appropriate.

7. Review and reassess the adequacy of this charter periodically
and recommend any proposed changes to the Board for
approval from time to time.

8. Any other work and policy, related and incidental to the
objectives of the committee as per provisions of the Act and
rules made there under.

• Stakeholders Relationship Committee:

Stakeholders Relationship Committee which comprised of
following Directors as its members:

Name

Designation

Category

Ritika Bajaj

Chairperson

Non-Executive Non-

Independent Director

Suraj Sharma

Member

Non-Executive Independent
Director

Sunilkumar

Member

Whole-time Director

Somani

Date of Meeting of Stakeholders Relationship Committee
- 29.05.2025 which has been attended by all the committee
members.

FORMAL ANNUAL EVALUATION:

Pursuant to section 178 of the Act, the Nomination and Remuneration
Committee and the Board has decided that the evaluation shall be
carried out by the Board only and the Nomination Remuneration
Committee will only review its implementation and compliance.
Further, as per Schedule IV of the Act and provisions of SEBI Listing
Regulations, the performance evaluation of independent directors
shall be done by the entire Board excluding the directors being
evaluated, on the basis of performance and fulfillment of criteria
of independence and their independence from Management. On
the basis of the report of the performance evaluation, it shall be
determined whether to extend or continue the term of appointment
of independent director.

Accordingly, the Board has carried out an annual performance
evaluation of its own performance, that of its Committees, Chairman
and individual directors.

DEPOSITS:

The Company has not accepted any deposit within the meaning
of Section 73 of the Companies Act, 2013 during the period under
review.

LOANS FROM DIRECTOR:

The balances of monies accepted by the Company from Directors at
the beginning of the year was Rs. 2,04,20,052/- and at the close of
year was Nil.

LOANS, GUARANTEES & INVESTMENTS U/S 186:

Particulars of loans given, guarantees provided and of the
investments made by the Company, if any during the year under
review are as mentioned in the Notes forming part of the Financial
Statements.

MAINTENANCE OF COST RECORDS AND COST AUDIT:

Pursuant to the provisions of Section 148(1) of the Companies Act,
2013 read with the Companies (Cost Records and Audit) Rules, 2014,
the Company has maintained the cost records as prescribed under
the said Rules for the financial year 2025-26.

The Board of Directors, on the recommendation of the Audit
Committee, had appointed M/s. Ashish Bhavsar & Associates, Cost
Accountants (Firm Registration No. 000387), as the Cost Auditors of
the Company for the financial year 2026-27 to audit the cost records

maintained by the Company.

Necessary resolution for ratification of remuneration of cost auditor
is proposed to be passed by shareholders in ensuing Annual General
Meeting. The Board of Directors recommends passing resolution.

PROCEEDINGS INITIATED/ PENDING AGAINST THE
COMPANY UNDER THE INSOLVENCY AND BANKRUPTCY
CODE, 2016:

There are no proceedings initiated/ pending against the Company
under the Insolvency and Bankruptcy Code, 2016.

The details of difference between amount of the valuation done at
the time of one time settlement and the valuation done while taking
loan from the Banks or Financial Institutions along with the reasons
thereof:
Not Applicable

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE
REGULATORS:

During the year under review, no significant and material orders were
passed by the regulators or courts or tribunals which impact the
going concern status and company's operations.

CHANGE IN THE NATURE OF BUSINESS:

There is no change in the nature of business of the Company during
financial year under review.

ANNUAL RETURN:

A copy of the Annual Return of the company for the financial year
ended on March 31, 2026 as provided under section 92(3) of the
Act, in the prescribed form, will be hosted on the Company's website
and can be accessed at https://www.beezaasan.com/.

PREVENTION OF SEXUAL HARASSMENT AT WORKPLACE
AND MATERNITY BENEFIT:

The Company is committed to provide a safe and conducive work
environment to its employees during the year under review.

An Internal Complaints Committee (ICC) has been set up to redress
complaints received regarding sexual harassment. Your directors
further state that during the year under review, there were no cases
filed pursuant to the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013.

The Company is also in compliance of applicable provisions of
Maternity Benefit Act, 2017.

CONTRACTS OR ARRANGEMENTS WITH RELATED
PARTIES:

Details of contracts or arrangements with related parties referred to
in 188 (1) are as per
Annexure - IV.

SECRETARIAL STANDARDS:

The Board of Directors of the company confirms to the best of
their knowledge and belief that the Company has complied with
the applicable provisions of the Secretarial Standards issued by the
Institute of Company Secretaries of India as amended from time to
time and made applicable by the Ministry of Corporate Affairs during
the financial year under review.

STATUTORY AUDITORS AND THEIR OBSERVATION:

M/s. PSV Jain & Associates, Chartered Accountants (Firm Registration
No. 131505W), were appointed as the Statutory Auditors of the

Company to hold office for a term of five consecutive years from
the conclusion of the 11th Annual General Meeting (AGM) held on
31st August, 2024, until the conclusion of the AGM to be held for the
financial year ending 31st March, 2029.

The Statutory Auditors' Report issued by M/s. PSV Jain & Associates
for the financial year ended 31st March, 2026, does not contain any
qualification, reservation, adverse remark or disclaimer.

APPOINTMENT OF SECRETARIAL AUDITOR:

Pursuant to the provisions of Section 204 of the Companies Act,
2013 M/s. Parikh Dave & Associates, A Peer Reviewed Firm of
Practicing Company Secretaries, Ahmedabad were appointed as
Secretarial Auditors of the Company for conduct Secretarial Audit
for Financial Year 2025-2026 at remuneration as may be mutually
agreed between the Practicing Company Secretary and Board of
Directors.

Secretarial Audit Report submitted by them in prescribed form MR-3
is attached as
Annexure - V to this report.

Regarding the qualification mentioned by Secretarial Auditors,
Management would like to mention that it will remain more cautious
for ensuring compliance of applicable laws. Also, the Company has
initiated corrective steps for ratifying the composition of Board.

DETAILS IN RESPECT OF FRAUDS REPORTED BY
AUDITORS UNDER SUB-SECTION (12) OF SECTION 143
OTHER THAN THOSE WHICH ARE REPORTABLE TO THE
CENTRAL GOVERNMENT:

There was no instance of fraud during the year under review, which
required the Statutory Auditors to report to the Board under Section
143(12) of Act and Rules framed thereunder.

INTERNAL FINANCIAL CONTROL SYSTEM:

The Company's internal control system commensurate with the size,
scale and complexity of its operations and they are well defined.
Management and the Internal Auditors monitor and evaluate the
efficacy and adequacy of internal control systems of the Company
with reference to the Financial Statement, its compliance with
standard operating procedures, accounting procedures and policies.
Internal Auditor's reports are placed before the Audit Committee
for its review. Based on the report of Internal Auditors, process
owners undertake corrective actions in their respective areas and
thereby strengthening the controls continuously. Significant audit
observations, if any, and corrective actions suggested and taken are
presented to the Audit Committee.

Our internal control system, supports orderly and efficient conduct
of its business including adherence to Company's policies,
safeguarding of its assets, prevention and detection of frauds and
errors, accuracy and completeness of the accounting records and
timely preparation of reliable financial information. During the year
under review, no material weakness is reported and observed.
Regular audit and review processes ensure that such systems are
reinforced on an ongoing basis.

WHISTLE BLOWER POLICY/VIGIL MECHANISM:

The Company has established a Vigil Mechanism / Whistle Blower
Policy to deal with instances of fraud and mismanagement, if any.
The Policy has a systematic mechanism for directors and employees
to report concerns about unethical behavior, actual or suspected

fraud or violation of the Company's Code of Conduct or policy.

INTERNAL AUDIT:

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

An audit plan is rolled out after approval of the Audit Committee.
Pursuant to Risk Based Internal Audit Framework, internal audit is
aligned in such a manner that assurance is provided to the Audit
Committee and Board of Directors on quality and effectiveness of the
internal controls, and governance related systems and processes.

PARTICULARS OF EMPLOYEES:

The disclosure required under Section 197 (12) of the Companies
Act, 2013 read with Rule 5 (1) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 is annexed as
Annexure- VI; and forms an integral part of this Report.

The statement containing particulars of employees as required
under section 197 of the Companies Act, 2013 read with Rule 5(2)
of the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014, will be provided upon request. In terms of
Section 136 of the Companies Act, 2013, the Report and accounts
are being sent to the members and others entitled thereto, excluding
the information on employees' particulars which is available for
inspection by members at the Registered office of the Company
during business hours on working days of the Company between
11:00 A.M. to 4:00 P.M. up to the date of ensuing Annual General
Meeting. If any member is interested in obtaining a copy thereof,
such member may write to the Company Secretary in this regard.

RISK MANAGEMENT POLICY:

The Management regularly reviews the risk and took appropriate
steps to mitigate the risk. The company has in place the Risk
Management policy. The Company has a robust Business Risk
Management (BRM) frame work to identify, evaluate, business risks,
financial risk, Competition risk, Human resource risk. In the opinion
of the Board, no risk has been identified that may threaten the
existence of the Company.

CORPORATE SOCIAL RESPONSIBILITY:

In compliance with the requirements of Section 135 and Schedule
VII of the Companies Act, 2013 read with the Companies (Corporate
Social Responsibility Policy) Rules, 2014, as amended, the Board of
Directors have adopted a policy on CSR as recommended by the
CSR committee duly constituted and the said policy is available on
the Company's website www.beezaasan.com.

Report on CSR activities as required under the Companies (Corporate
Social Responsibility Policy) Rules, 2014, as amended, is given in
Annexure VII, which forms part of this Report.

CONSERVATION OF ENERGY, TECHNOLOGY
ABSORPTION, FOREIGN EXCHANGE EARNING AND
OUTGO:

The information on conservation of energy, technology absorption
and foreign exchange earnings and outgo as stipulated hereunder: -

Conservation of Energy:

1. The steps taken or impact on conservation of energy: The

Company has taken measures and applied strict control system
to monitor day to day power consumption, to endeavor to
ensure the optimal use of energy with minimum extent possible
wastage as far as possible. The day-to-day consumption
is monitored and various ways and means are adopted to
reduce the power consumption in an effort to save energy.

2. The steps taken by the company for
utilizing alternate sources of energy.

Company has not taken any step for utilizing alternate sources
of energy.

3. The capital investment on energy conservation equipments.

Company has not made any capital investment on energy
conservation equipments.

Technology Absorption

Company has not imported any technology and hence there is
nothing to be reported here.

(a) The details of technology imported

NIL

(b) The year of import

NIL

(c) Whether the technology has been fully absorbed

NIL

(d) If not fully absorbed, areas where absorption has not
taken place, and the reasons thereof

NIL

(e) The expenditure incurred on Research & Development

NIL

Foreign Exchange Earning and Outgo: NIL

HEALTH, SAFETY AND ENVIRONMENT PROTECTION:

Company's Health and Safety Policy commits to comply
with applicable legal and other requirements connected with
occupational Health, Safety and Environment matters and provide
a healthy and safe work environment to all employees of the
Company.

ACKNOWLEDGMENT:

Your directors are thankful to regulatory and Government
authorities, bankers, clients, and suppliers of the Company for their
co-operation and also wish to place on record the contribution
made by the all the workers, members of the staff and executives of
the Company at all levels for the progress of the Company.

FOR AND ON BEHALF OF THE BOARD
BEEZAASAN EXPLOTECH LIMITED
(Formerly known as Beezaasan Explotech Private Limited)

Place: Gandhinagar Navneetkumar Somani Rajan Somani

Date: 24.08.2026 Chairman & Managing Director Director

DIN: 01782793 DIN: 10440137