The Directors present before you the Annual Report of the Company together with the Audited
Statements of Accounts for the year ended 31^st March, 2024.

FINANCIAL SUMMARY, OPERATIONS, STATE OF AFFARIS:

The performance during the period ended 31^st March, 2024 has been as under:

REVIEW OF OPERATIONS:

The Company could not do any business in the chosen fields as its efforts for revival and
resumption of operations proved futile, as the company is suspended by the stock exchange for
penal reasons. The Management is working hard to lift the suspension and is also in search of
Investors to create a sustainable Business Model, with an effective Revenue Model.

EVENTS SUBSEQUENT TO THE DATE OF FINANCIAL STATEMENTS:

There were no material changes and commitments affecting financial position of the company
between 1^st April, 2023 to 31^st March 2024.

CHANGE IN THE NATURE OF BUSINESS, IF ANY:

During the period under review and the date of Board's Report there was no change in the
nature of Business.

PUBLIC DEPOSITS:

Your Company has not accepted any deposits falling within the meaning of Sec. 73 of the
Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules 2014, during the
financial year under review.

TRANSFER TO RESERVES:

The company has not transferred any amount to reserves for the year.

DIVIDEND:

Keeping the Company's revival plans in mind, your Directors has not recommended dividend for
the year.

REVISION OF FINANCIAL STATEMENTS:

There was no revision of the financial statements for the year under review.

DETAILS RELATING TO DEPOSITS, COVERING THE FOLLOWING:

Your Company has not accepted any deposits falling within the meaning of Sec. 73 of the
Companies Act, 2013 read with the Rules of Companies (Acceptance of Deposits) Rules 2014,
during the financial year under review.

DISCLOSURES UNDER SECTION 134(3)(l) OF THE COMPANIES ACT, 2013:

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

DETAILS OF SIGNIFICANT MATERIAL ORDERS PASSED BY REGULATORS, COURTS,
TRIBUNALS, IMPACTING THE GOING CONCERN BASIS OF THE COMPANY:

There were no significant material orders passed by regulators, courts, tribunals, impacting the
going concern basis of the Company.

CORPORATE GOVERNANCE:

Corporate Governance is not applicable to the company since the paid-up equity share capital
and net worth of the company does not exceed Rs. 10 crores and Rs. 25 crores respectively.
However, the company voluntarily provides a separate section in the Annual Report titled
"Report on Corporate Governance" along with the Auditors' Certificate on Corporate Governance
as stipulated under Regulation 34 read with Schedule V of Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

AUTHORISED AND PAID UP CAPITAL OF THE COMPANY:

The authorized capital of the company stands at 10,40,00,000/- divided into 1,04,00,000 equity
shares of Rs.10/- each and the paid up capital stands at Rs. 9,94,48,000 divided into 99,44,800
equity shares of 10/- each.

EXTRACT OF ANNUAL RETURN:

As required pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the
Companies (Management and Administration) Rules, 2014, an extract of annual return in MGT 9
as a part of this Annual Report.

DECLARATION FROM INDEPENDENT DIRECTORS ON ANNUAL BASIS:

The Company has received declarations from, Independent directors of the company to the
effect that they are meeting the criteria of independence as provided in Sub-section (6) of
Section 149 of the Companies Act, 2013 and Regulation 25 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.

DIRECTOR'S RESPONSIBILITY STATEMENT:

In pursuance of section 134 (5) of the Companies Act, 2013, the Directors hereby
confirm that:

a) In the preparation of the annual accounts, the applicable accounting standards had been
followed along with proper explanation relating to material departures;

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 and
loss of the company for that period;

c) 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;

d) The Directors had prepared the annual accounts on a going concern basis; and

e) The Directors had laid down internal financial controls to be followed by the company and
that such internal financial controls are adequate and were operating effectively.

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

INFORMATION ABOUT THE FINANCIAL PERFORMANCE / FINANCIAL POSITION OF THE
SUBSIDIARIES / ASSOCIATES:

The Company does not have any subsidiary company (ies).

STATUTORY AUDITORS:

M/s. VASG & Associates
Chartered Accountants,

# 503/A, 5th Floor, Kubera Towers,

Narayanaguda, Hyderabad - 500 029

INTERNAL AUDITORS:

The Company has not appointed an internal auditor for the Financial Year 2023-24
SECRETARIAL AUDITORS:

The Board had appointed M/s. Bharatiraju Vegiraju, Practicing Company Secretaries, Hyderabad,
to conduct Secretarial Audit for the financial year 2023-24, pursuant to the provisions of Section
204 of the Companies Act, 2013 and Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014. The Secretarial Audit Report in Form MR - 3 for the financial year 2023¬
24 is enclosed herewith as Annexure A to this Report.

Pursuant to the provisions of Section 134(3) (f) & Section 204 of the Companies Act, 2013,
Secretarial audit report as provided by Mr. Bharatiraju Vegiraju Company Secretaries is annexed
to this Report as annexure.

AUDIT REPORTS:

(a) Statutory Auditors Report:

The Board has duly reviewed the Statutory Auditor's Report on the Accounts for the year
ended March 31, 2024 and has noted that the same does not have any reservation,
qualification or adverse remarks. However, the Board decided to further strengthen the
existing system and procedures to meet all kinds of challenges and growth in the market
expected in view of the robust growth in the industry.

(b) Secretarial Audit Report:

The Board has duly reviewed the Secretarial Audit Report on the Compliances according
to the provisions of section 204 of the Companies Act 2013, and noted is at the same
that the company has not appointed company secretary and Internal Auditor during the
year but the company is taking necessary measures to appoint the same at the earliest.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
OUTGO:

The required information as per Sec.134 of the Companies Act 2013 is provided hereunder:

A. Conservation of Energy:

Your Company's operations are not energy intensive. Adequate measures have been
taken to conserve energy wherever possible by using energy efficient computers and
purchase of energy efficient equipment.

B. Technology Absorption:

1. Research and Development (R&D): NIL

2. Technology absorption, adoption and innovation: NIL

C. Foreign Exchange Earnings and Out Go:

Foreign Exchange Earnings: Rs. NIL
Foreign Exchange Outgo: Rs.NIL

CORPORATE SOCIAL RESPONSIBILTY POLICY:

Since your Company does not have net worth of Rs. 500 Crore or more or turnover of Rs.
1000 Crore or more or a net profit of Rs. 5 Crore or more during the financial year,
section 135 of the Companies Act, 2013 relating to Corporate Social Responsibility is not
applicable and hence the Company need not adopt any Corporate Social Responsibility
Policy.

DETAILS OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS:

Your Company has well established procedures for internal control across its various
locations, commensurate with its size and operations. The organization is adequately
staffed with qualified and experienced personnel for implementing and monitoring the
internal control environment. The internal audit function is adequately resourced
commensurate with the operations of the Company and reports to the Audit Committee
of the Board.

INSURANCE:

The properties and assets of your Company are adequately insured.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

The company has not given loans or Guarantees during the year under review.

CREDIT & GUARANTEE FACILITIES:

The company has not availed any credit facilities or Guarantees during the year under

review.

RISK MANAGEMENT POLICY:

Your Company follows a comprehensive system of Risk Management. Your Company has
adopted a procedure for assessment and minimization of probable risks. It ensures that
all the risks are timely defined and mitigated in accordance with the well-structured risk
management process.

RELATED PARTY TRANSACTIONS:

All contracts/arrangements/transactions entered by the Company during the financial
year with related parties were in the ordinary course of business and on arm's length
basis. During the year, the Company had not entered into any
contract/arrangement/transaction with related parties which could be considered
material in accordance with the policy of the company on materiality of related party
transactions.

DISCLOSURE ABOUT COST AUDIT:

Cost Audit is not applicable to your Company.

RATIO OF REMUNERATION TO EACH DIRECTOR:

Under section 197(12) of the Companies Act, 2013, and Rule 5(1)(2) & (3) of the
Companies (Appointment & Remuneration) Rules, 2014, no remuneration has been paid
to any of the Directors of the Company for the financial year 2023-24.

INDUSTRY BASED DISCLOSURES AS MANDATED BY THE RESPECTIVE LAWS
GOVERNING TH COMPANY

The Company is not an NBFC, Housing Companies etc., and hence Industry-based
disclosures is not required.

SECRETARIAL STANDARDS:

The company is in compliance with Secretarial Standards issued by The Institute of
Company Secretaries of India on Meetings of the Board of Directors and General Meeting.

EVENT BASED DISCLOSURES

During the year under review, the Company has not taken up any of the following
activities:

1. Issue of sweat equity share: The Company has not issued any sweat equity shares
during the year under review and hence no information as per provisions of Section
54(1)(d) of the Act read with Rule 8(13) of the Companies (Share Capital and
Debenture) Rules, 2014.

2. Issue of shares with differential rights: The Company has not issued any shares with
differential rights and hence no information as per provisions of Section 43(a)(ii) of the
Act read with Rule 4(4) of the Companies (Share Capital and Debenture) Rules, 2014.

3. Issue of shares under employee's stock option scheme: The Company has not
issued any equity shares under Employees Stock Option Scheme during the year under
review and hence no information as per provisions of Section 62(1)(b) of the Act read
with Rule 12(9) of the Companies (Share Capital and Debenture) Rules, 2014

4. Non- Exercising of voting rights: During the year under review, there were no
instances of non-exercising of voting rights in respect of shares purchased directly by
employees under a scheme pursuant to Section 67(3) of the Act read with Rule 16(4) of
Companies (Share Capital and Debentures) Rules, 2014.

5. Disclosure on purchase by company or giving of loans by it for purchase of its
shares: The company did not purchase or give any loans for purchase of its shares.

3. Buy back shares: The company did not buy-back any shares during the period under
review.

7. Disclosure about revision: Since the company did not undergo any revision, this
clause is Not Applicable to the company for the period under review.

8. Preferential Allotment of Shares: The company did not allot any shares on
preferential basis during the period under review.

EMPLOYEE RELATIONS:

The company has no employees at this point in time and has no employee drawing Rs.
8,50,000/- and above per month or Rs.102,00,000/- and above in aggregate per annum,
the limits prescribed under Section 197(12) of Companies Act 2013 read with Rule 5 of
Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014.

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE
(PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

The Company has in place an Anti-Sexual Harassment Policy in line with the
requirements of The Sexual Harassment of Women at workplace (Prevention, Prohibition
and Redressed) Act, 2013. Internal Complaint Committee (ICC) has been set up to
redress complaints received regarding sexual harassment. All employees are covered
under this policy.

The following is the summary of sexual harassment complaints received and disposed
during the calendar year.

• No. of complaints received: Nil

• No. of complaints disposed off: Nil

ACKNOWLEDGEMENTS:

Your directors also wish to place on record their appreciation of business constituents,
banks and other financial institutions, other statutory authorities like SEBI, ROC, Stock
Exchanges, NSDL, CDSL, etc and shareholders of the Company for their continued
support for the growth of the Company.

For and on behalf of the Board
Sriven Multi-Tech Limited

Sd/- Sd/-

Place: Hyderabad V Lalita Raghavendra Kumar K

Date: 05.09.2024 Whole-time director Director

(DIN: 01029534) (DIN:02376957)