Bench Mark Infotech Services Ltd Directors Report

BOARDS¹ REPORT

To,

The Members

BENCHMARKMFOTECH SERVICES PRIVATE LIMITED

Your Directors have pleasure in presenting this Annual Report on the affairs of the Company together with the Audited Statement of Accounts for the year ended on 31^st March, 2024.

1. Financial Summary or performance of the company:

PARTICULARS	YEARENDED 31.03.2024	YEAR ENDED 31.03.2023
Revenue from Operations	34,09,51,045.78	25,49,38,952.73
Other Income	44,89,662.88	27,34,388.34
Total Income	34,54,40,708.66	25,76,73,341.07
Total Expenses	31,72,26,433.90	23,93,06,979.26
Profit/Loss before Taxation	2,82,14,274.76	1,83,66,361.81
Less: Provision for Taxation	-	-
Current Tax	77,95,715.00	53,21,310.00
Prior Period Tax	-	-
Deferred Tax	-	-
Profit/Loss for the period	2,04,18,559.76	1,30,45,051.81
Basic	189.68	121.18
Diluted	189.68	121.18

2. flnfiraimns:

The Company has reported RS 2,04,18,559.76

3. Transfer to reserggs:

No transfer was made during the year into reserve.

4. imfeiiii.

The Directors in order to augment working capital of the company do not recommend anydividend.

5. Material ClaiMsitia^etilli^^ year:

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

6. Significant and

tribunals impacflnallie^Qliig frtorgJL

During the year under review there has been no such significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and companys operations in future.

7. .SnhsMIarg-Cimmam:

As on March 31,2024, the Company does not have any subsidiary

8. StatutOEgJmdltor & AadiUReiiffll:

The Shareholders at the Annual General Meeting held in the year September 2022 has appointed Mr. GAJADHAR SAH , Chartered Accountant (M, No.: 055864}Partner of G SAH& CO for the period of 5 years i.e for the period up to 2027.

The Company has received a certificate from the statutory auditors to the effect that their re-appointment, if made, would be within the limits prescribed.

During the year under review, the Auditors did not report any matter under Section 143 (12) of the Act, therefore no detail is required to be disclosed under Section 134(3) (ca) of the Act.

9. Change in the nature of business:

There is no change in the nature of the business of the company.

10. Details of directors or key managerial personnel:

;

The Company has two directors, the details of such Director and as the company not belonging to prescribed class of company, so the provision of the Section 203 under the Companies Act, 2013 isttbt applicable.

00967830	VINEET GUPTA	31/1C, RAM KRISHNA SAMADHI ROAD, KAKURGACHI, KOLKATA -700054	Director	09.01.2007
07496324	JULi GUPTA	31/lC, RAM KRISHNA SAMADHI ROAD, KAKURGACHI, KOLKATA-700054	Director	15.12.2016

11. Deposits:

There are no deposits as on March 31,2024

12. Conservation of energy, technology absorption, foreign exchange earitligsaiait

QMiga:

The information on conservation of energy, technology absorption and foreign exchange earnings and outgo does not stipulate under Section 134(3) (m) of the Companies Act, 2013 read with Rule, 8 of The Companies (Accounts) Rules, 2014, is not required to annexed.

13. CorporateSoclaIBejJPQPslMli.ti::

The Company is not required to constitute a Corporate Social Responsibility Committee as it does not fall within purview of Section 135(1) of the Companies Act, 2013 and hence it is not required toformulate policy on corporate social responsibility.

14. Risk Management:

The Company manages monitors and reports on the principal risks and uncertainties that can impact its ability to achieve its strategic objectives. The Companys management systems, organizational, structures, processes, standards, code of conduct and behaviors together form the Risk Management System (RMS) that manages associated risks.

The Company has introduced several improvements to Integrated Enterprise Risk Management, Internal Controls Management and Assurance Frameworks and processes to drive a common integrated view of risks, optimal risk mitigation responses and efficient management of internal control and assurance activities.

15.Internal Financial Controls:

The Company has in place adequate internal financial controls with reference to financial statements. During the year, such controls were tested and no reportable material weaknesses in the design or operation were observed.

tfi.MMmlber.pf meeting,of the, Boa,o;

During the year 2023-24, the Board of Directors met four times viz. on 19/05/2023, 04/07/2023, 30/09/2023,11/11/2023, 09/02/2024.

17. StatutoryInfannatfon;

As no Employee of the Company was in receipt of Gross remuneration of Rs.60,00,000/- or more per annum or Rs.5,00,000/- or more per month during the year, provisions of Section 197 of the Companies Act, 2013, read with Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014 are not applicable.

18. Contracts and Arrangements with. Related parties:

The Company has not entered into any transactions during the financial year 2023-24 with related parties.

19. Obligation under Sexual harassment of Women at Workplace f Prevention.

feoMMMgjiAMMEggattMMilL

According to Section 4(1) of the Sexual harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act 2013, every employer of a workplace shall, by order in writingconstitute a Committee to be known as the "Internal Complaints Committee".

Internal Complaints Committee is yet to be set upto redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy.

20. Pursuant to the requirement under section 134(3) (c) of the Companies Act, 2013 with respect to Directors Responsibility Statement, it is hereby confirmed that:

(i) In the preparation of the annual accounts for the financial year ended 31^st March, 2024, the applicable accounting standards had been followed along with proper explanation relating to material departures.

(ii) .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 as at March 31,2024 and of the profit and loss of the company for that period;

(iii) 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 ofthe company and for preventing and detecting fraud and other irregularities!

(iv) .The directors had prepared the annual accounts on a going concern basis; and

(v) 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.

21. Declaration Bv Independent JMmdBES

The Company did not require to appoint Independent Directors under Section 149(4) and Rule 4 ofthe Companies (Appointment and Qualification of Directors) Rules, 2014 hence no declaration has been obtained.

22- Companys policy on PiredorsLaiUMiiitment attijeroniiemto determining qualifications, positive attrlbute&lBdgBeBjleace of a„dlre€tpi:„ani_; Aex matters provided under sab-section,PI of section 178:

The Company, did not require to constitute a Nomination and Remuneration Committee under section 178(1) of the Companies Act, 2013 and Rule 6 of the Companies (Meetings of Board and its Powers) Rules, 2014 and Stakeholders Relationship Committee under Section 178(5) of the Companies Act, 2013.

I

23. Particulars of loans, guarantejLsjir investments under section 186:

During the year under review, the Company has not advanced any loans/ given guarantees/ made.

24. Particulars of Employee;

None of the employee has received remuneration exceeding the limit as stated in rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

25. Extracts of the AnnmIJteturain.flrom - MGT-9;

Pursuant to MCA Notification dated March 05; 2021, the Extract of Annual Return in Form MGT-9 pursuant to Section 92(3) of the Companies Act, 2013 and Rule 12 of the Companies (Management and Administration) Rules, 2014 has been omitted and is no more required to form part of Boards Report.

i

The Company does not have a functional website, so a copy of the annual return of the Company has not been placed on the website as required under the Section 134 of the Companies Act, 2013.

26. jBiggto?HmJ3dttojL&Bgiil3ltt!ffl^

There is no application made or any proceeding pending under the Insolvency and BankruptcyCode, 2016 (31 of 2016) during the year along with their status as at the end of the financial year.