Icon Facilitators Ltd Directors Report

To,

The Members,

Your Directors have pleasure in presenting their 10th Annual Report on the business and operations of the Company and the accounts for the Financial Year ended March 31, 2023.

1. Financial summary or highlights/Performance of the Company (Standalone]

The Boards Report shall be prepared based on the stand alone financial statements of the company.

2. Statement of Affairs/Highlights :

The Company icon FACILITATORS PRIVATE limited is a Private Limited Company domiciled in India and Incorporated on 20/09/2013 under the provisions of the companies act, 2013. Company has business of Providing Manpower Services. Its registered office is situated at ICON FACILITATORS PRIVATE LIMITED. There has been no change in the business of the company during the financial year ended 31st March, 2023

3. Directors and Key Managerial Personnel

There was no appointment or resignation of any Key Managerial Personnel during the financial year 2022-2023.

4. Comments by board of directors on auditors report:

The observations of the Statutory Auditors, when read together with the relevant notes to the accounts and accounting policies are self-explanatory and do not calls for any further comment.

5. NUMBER OF BOARD MEETINGS:-

• NUMBER OF BOARD MEETING HELD DURING THE YEAR: Company convened 04 board meetings during the year.

• DATE OF BOARD MEETINGS AND SHAREHOLDERS MEETING HELD DURING

THEYEAR:Theboard meetings which held during the year were on 28/06/2022, 01/09/2022, 30/09/2022, 30/11/2022 and 29/03/2023

• NUMBER AND DATE OF COMMITTEE MEETING HELD DURING THE YEAR: There are no committees formed as per Companies Act, 2013.

• NO. OF BOARD MEETING ATTENDED BY THE EACH DIRECTORS DURING THE YEAR: Every director attended every board meeting held during the year 2022-2023 of the company.

• The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013

6. 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

No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year of the company to which the financial statements relate and the date of the report.

7. Details of significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and companys operations in future:

No significant and material order has been passed by the regulators, courts, tribunals impacting the going concern status and Companys operations in future.

8. Directors Responsibility Statement

The Directors Responsibility Statement referred to in clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, shall state 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 devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

9. Signing of Board Report:

134(6) The Boards Report and any annexures thereto under sub-section (3) shall be signed by its chairperson of the company if he is authorized by the board and where he is not so authorized, shall be signed by at least two directors, one of whom shall be managing director, or by the director where there is one director.

10. Statutory Auditors:

The Auditors, M/S GOGIA HARIT &CO, Chartered Accountants, Vaikunth 146-D/lGarden House Colony, Garh Road Meerut, UP-250004, be and are hereby appointed as the statutory auditors of the company for a period of 2 continuous years from the conclusion of this AGM to the conclusion of AGM to be held in FY 2024-25 subject to ratification of such appointment at every AGM, at a remuneration to be fixed by the board of directors in consultation with auditor.

11,Change in share capital during the financial year 2022-23

There is no change in share capital structure of the Company during the financial year 2022-23

12. Dividend

The provisions of Section 125(2) of the Companies Act,201 3 do not apply as there was no dividend declared and paid last year

13. Reserves

The company transfer red the Prof it amount of Rs. 481677/ - to reserves of the company.

14. Conservation of energy, technology absorption and foreign exchange earnings and outgo

The Company does not fall under any of the industries covered by the Companies ( Accounts) Rules, 2014 Hence, the requirements of disclosure in relation to the conservation of Energy, Technology Absorption & Foreign Exchange Earnings and outgo are not applicable to it.

15.Insurance & risk management

The assets of the company are adequately insured against the loss of fire, riot, earthquake, terrorism, loss of profits, etc. and other risks which consider necessary by the management. In addition to this coverage, a statutory Public Liability Insurance Policy has been taken to cover by company for providing against the public liability arising out of Industrial accidents for employees working in plants.

16. Employee relations

The employee relations continue to be cordial and the Board is committed to strengthen the same and to work towards ensuring health, safety, welfare and a healthy working environment for its employees.

17. Acknowledgements

The board places on record their sincere appreciation for the continued support and co-operation received from the financial institutions, hankers, Government authorities, legal advisors, customers. Dealers, retailers, etc. during the year under review.

Your Board also wish to place on record once again, their deep sense of appreciation for the contribution made by the workers, staff and executives at all levels, to the continued growth and prosperity of the company. The overall industrial relations remained cordial at all the establishment.