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
|
/
|
/
|
/
|
-
|
/
|
/
|
/
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|
25.11.2025
|
/
|
/
|
/
|
-
|
/
|
/
|
/
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|
18.12.2025
|
/
|
/
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/
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/
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/
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/
|
/
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|
13.01.2026
|
/
|
/
|
/
|
/
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/
|
/
|
/
|
|
29.01.2026
|
/
|
/
|
/
|
/
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/
|
/
|
/
|
|
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.
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(a) The details of technology imported
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NIL
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(b) The year of import
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NIL
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(c) Whether the technology has been fully absorbed
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NIL
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(d) If not fully absorbed, areas where absorption has not taken place, and the reasons thereof
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NIL
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(e) The expenditure incurred on Research & Development
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NIL
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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
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