Linaks Microelectronics Ltd Directors Report

TO THE MEMBERS

Your directors are presenting the 40^th Annual Report on the business and operations of the Company along with the Audited Financial Statements for the financial year ended on 31^st March, 2025.

Financial Results and Performance of the Company

The summarized working results for the financial year ended on 31^st March, 2025 as compared with the previous year are as under: -

(In Rupees)

Particulars	2024 2025	2023 2024
Net Sales & Other Income	4,57,200.00	18,04,500.00
Profit/(Loss) before depreciation and Tax	(12,38,565.27)	(5,168.55)
Less: Depreciation	10,72,482.00	13,60,952.79
Profit/(Loss) before Tax	(23,11,047.27)	(1,366,121.34)
Less:
a) Current Income Tax	0.00	0.00
b) Short and Excess provision for Income Tax	0.00	0.00
Profit/(Loss) after Tax	(23,11,047.27)	(1,366,121.34)

State of Companys Affairs

The Companys plans for new activities are progressing gradually and management is hopeful that it will gain momentum in the current financial year. The Management is striving to add new activities in other related areas of Business and Directors hope for some progress in these fields in the current year.

Web Link of Annual Return

The Company is having website i.e. www.linaks.in and Annual Return of Company has been disseminated on such website. Link of the same is given below: www.linaks.in.

Dividend

The Directors do not recommend any dividend since the Company has not earned any distributable profit during the financial year under review.

Change in nature of business

There has been no change in the nature of business of the Company during the financial year under review since the Company is still trying to finalize and add new business activities.

Share Capital

The Authorised Share Capital of the Company as on 31^st March, 2025 was Rs. 9,00,00,000/- (Rupees Nine Crores Only) divided into 5,00,00,000 (Five Crore) Equity Shares of Re. 1/- (Rupee One Only) each and 40,00,000 (Forty Lakh) Optionally Convertible Preference Shares of Rs. 10/- (Rupees Ten Only) each.

The paid-up Equity Share Capital as on 31^st March, 2025 was Rs. 4,95,35,300/- (Rupees Four Crores Ninety-Five Lakhs Thirty-Five Thousand Only) divided into 1,73,35,300 (One Crore Seventy-Three Thousand Thirty-Five Thousand Three Hundred) Equity Shares of face value of Re. 1/- (Rupee One Only) each and 32,20,000 (Thirty-Two Lakh Twenty Thousand) Optionally Convertible Preference Shares of Rs. 10/- (Rupees Ten Only) each.

During the year under review, the Company has not issued any shares. The Company has neither issued shares with differential voting rights nor employee stock options or sweat equity shares and does not have any scheme to fund its employees to purchase the shares of the Company.

Directors

In accordance with the provisions of section 152 of the Companies Act, 2013 and the Articles of Association of the Company, there are 3 directors on the Board of the Company.

Mrs. Urvashi Mishra (DIN: 09061576), Director of the Company, is liable to retire by rotation at the ensuing Annual General Meeting of the Company and being eligible, offers herself for re appointment. Our directors recommend her re-appointment as Director on the Board at the ensuing Annual General Meeting.

None of the Directors are disqualified under Section 164(2) of the Companies Act, 2013.

Further, the Board has recommended:

1. The change in designation of Mr. Shashi Shekhar Mishra (DIN: 06880735) from Executive Director to Managing Director of the Company subject to the approval of Members in the upcoming Annual General Meeting of the Company with effect from September 30, 2025 for a term of five years.

2. The appointment of following directors as the Non-Executive Independent Directors on the Board of the Company subject to the approval of Members in the upcoming Annual General Meeting w.e.f. September 02, 2025 for a term of five years:

Mr. Prakash Chandra Srivastava (DIN: 11145545)

Ms. Komilla Singh (DIN: 11162411) Key Managerial Personnel

As on 31^st March, 2025, Mr. Girish Chandra Jha, Chief Financial Officer is the Key Managerial Personnel of the Company in terms of the provisions of Section 203 of the Companies Act, 2013.

Further, The Company has appointed Ms. Bhumika Mittal as the Company Secretary cum Compliance Officer of the Company w.e.f. 06^th August, 2025 and Mr. Amit Agrawal as the Chief Financial Officer of the Company w.e.f. 06^th August, 2025.

Change in Directors and Key Managerial Personnel

Following directors were appointed on the Board of the Company during the previous financial year 2024 2025, pursuant to the NCLT Order dated: 04^th July, 2024:

1. Mr. Shashi Shekhar Mishra (DIN: 06880735) w.e.f. 18.07.2025

2. Ms. Urvashi Mishra (DIN: 09061576) w.e.f. 15.02.2025

3. Ms. Ishu Mishra (DIN: 09461542) w.e.f. 14.02.2025

Further, the Board has recommended the appointment of Mr. Prakash Chandra Srivastava (DIN: 11145545) and Ms. Komilla Singh (DIN: 11162411) as the Non Executive Independent Directors subject to the approval of members in the ensuing Annual General Meeting of the Company.

Moreover, The Company has appointed Ms. Bhumika Mittal as the Company Secretary cum Compliance Officer of the Company and Mr. Amit Agrawal as the Chief Financial Officer of the Company w.e.f. 06^th August, 2025.

Statutory Auditors

At the 37^th Annual General Meeting held in the year 2022 - 2023, M/s S. R. Gupta & Co. (Firm Registration Number: 001939C), Chartered Accountants, were appointed by the shareholders to hold office as Statutory Auditors from the conclusion of the 37^th Annual General Meeting till the conclusion of the 37^th Annual General Meeting of the Company, subject to ratification of their appointment at every subsequent Annual General Meeting.

The provisions relating to ratification of appointment of Statutory Auditors has been done away with effect from 7^th May, 2018 by the Companies (Amendment) Act, 2017. Hence, no resolution is to be put up for ratification.

The Company was in IBC since 2022, and the NCLT passed the order on July 04, 2024 for revival of the entity and handover of the affairs of the Company to the new management, the casual vacancy occurred in the position of the Statutory Auditors of the Company.

For the Financial Year 2024 2025, the casual vacancy of the Auditor has been filled by M/s Akshay Vaish & Co. with effect from 30^th May, 2025 by the approval of the Board of Directors of the Company at their meeting held on 30^th May, 2025 to conduct the statutory audit for the Financial Year 2024 2025 and such auditor shall be liable to hold the office till the date of upcoming Annual General Meeting.

Further, The Board has recommended the appointment of M/s. R S J B & Associates (Firm Registration Number: 018712C), a peer reviewed auditor for the term of five consecutive years commencing from the conclusion of this Annual General Meeting till the conclusion of the 45^th Annual General Meeting to be held in the financial year 2030 2031 at their Board Meeting held on September 02, 2025 subject to the approval of members at the ensuing Annual General Meeting.

Secretarial Auditor

The Board of Directors of the Company has appointed M/s. Divya Matah and Associates, as the Secretarial Auditors of the Company for the Financial Year 2022 2023.

Further, the Company has been revived from IBC and the management has appointed M/s. P.K. Mishra and Associates, Peer Reviewed Practicing Company Secretary (Firm Registration Number: S2016DE382600), to conduct the Secretarial Audit for the financial year 2024 2025. Mr. Pawan Kumar Mishra, Practicing Company Secretary has furnished his Audit Report in e-form MR 3 for the year ending 31^st March, 2025 and the same has been annexed with this Report and marked as Annexure ‘A.

In compliance with Section 204 of the Companies Act, 2013, the Board at its meeting held on September 02, 2025 and based on recommendation of the Audit Committee, has appointed M/s. P. K. Mishra & Associates, Practicing Company Secretaries, a peer reviewed firm (Firm Registration No. S2016DE382600) as a Secretarial Auditors of the Company the financial year 2025 - 2026.

The Secretarial Audit Report contains following qualification, reservation, or adverse remark:

a) The Company has not appointed the Internal Auditor to conduct the Internal audit of the functions and activities of the Company and therefore not complied with the provisions of the Section 138 of the Companies Act, 2013. However, the Company has appointed M/s Saurabh Gaur & Co, (Firm Registration No.011255C) as Internal Auditors of the company w.e.f. 06.08.2025.

b) The Company had not appointed the Company Secretary during the Audit Period from 01.09.2024 to 31.03.2025 i.e. after resignation of CS Priya Gupta on 31.08.2024 and therefore not complied with the provisions of Section 203 (1) of the Companies Act, 2013 read with Rule 8A of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. However, the Company has appointed Ms. Bhumika Mittal, Company Secretary bearing Membership No. A63808 as the Company Secretary cum Compliance Officer in full time employment of the Company w.e.f. 06.08.2025.

c) The Company has not complied with applicable provisions of the Listing regulations.

d) The Audit Committee was not constituted in compliance with the provisions of Regulation 18 (1) (b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. e) The Nomination and Remuneration Committee was not constituted in compliance with the provisions of Regulation 19 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

f) The Securities of the Company are listed on BSE Limited since 13.09.1994. However, the trading in the securities of the Company is suspended on BSE Limited due to Penal reasons, non-payment of Annual listing fees dues and procedural reason.

g) The Company has not prepared and filed the Annual Report for the financial 2023-24 with BSE Limited and ROC.

h) The Company had not hold its Annual General Meeting during the Financial Year 2023-24.

i) The Company not complied with the provisions of Regulation 33 (1) (c) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding non-submission of quarterly Financial Results for the quarter ended on 30.09.2024 and 31.12.2024 with BSE.

j) The Company not complied with the provisions of Regulation 33 (3) (d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding submission of Audit Financial Results for the financial year ended on 31.03.2025 on 25.06.2025 with BSE i.e. delayed submission.

k) The Company has also not complied with the provisions of Regulation 33 (1) (d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the results submitted with BSE is not certified by Peer Reviewed of ICAI.

l) The Company has not held the minimum number of board meetings required during the review period as per Section 173 of the Companies Act, 2013 and 2.1 of the Secretarial Standard issued by the Institute of Company Secretaries of India.

m) The Company has not closed the trading window for the quarter ended on 30.09.2024 and 31.12.2024 under the regulations set by the Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations), specifically under Clause 4 of Schedule B read with Regulation 9. This rule prevents designated persons and their immediate relatives from trading company securities when the company possesses material, non-public information, such as financial results, to curb insider trading.

n) The Company has not maintained proper functional website which is in contravention of the provisions of Regulation 46 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 during the period under review.

Subsidiaries, Associates and Joint Venture Company

The Company does not have any Subsidiary, Associate or Joint Venture Company.

Corporate Governance

Your Company has followed good corporate governance practices since its inception and in accordance with the code of Corporate Governance. The compliance with the corporate governance provisions as specified in regulations 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27 and clauses (b) to (i) of sub-regulation (2) of regulation 46 and para C, D and E of Schedule V is not applicable on the Company, and therefore, disclosures as required under para C, D and E of Schedule V is not given for the financial year 2024 2025.

A certificate of Practicing Company Secretary regarding non applicability of regulations 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27 and clauses (b) to (i) of sub-regulation (2) of regulation 46 and para C, D and E of Schedule V is hereby enclosed and forms part of this report as Annexure ‘B.

Management Discussion and Analysis Report

The Managements Discussion and Analysis Report in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached as Annexure - ‘C and forms part of this report.

Vigil Mechanism/Whistle Blower Policy

The Company has formulated a Whistle Blower Policy to establish a vigil mechanism for Directors, Employees and other Stakeholders of the Company to report concerns about illegal or unethical practices, Unethical behaviour, actual or suspected fraud or violation of the Companys Code of Conduct or Ethics Policy. The whistle Blower Policy is available on Companys website i.e. www.linaks.in.

Listing

The securities of the Company are listed on BSE Limited. The listing fees have been paid to BSE.

Sexual Harassment Policy

The Company has a policy on prohibition, prevention and redressal of Sexual Harassment of Women at work place and matter connected therewith or incidental thereto covering all the aspects as contained under "The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013" including constitution of Internal Complaints Committee. The Company has not received any complaint during the financial year under review.

Particulars of Employees and Ratio of Remuneration:

Details of the ratio of the remuneration of each director to the median employees remuneration and other details as required pursuant to Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 cannot be worked out as the process of recruitment of staff has not yet completed.

As required pursuant to Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company did not have any employee drawing a remuneration of Rs. 60.00 lacs p.a., if employed throughout the year or Rs.5.00 lacs p.m., if employed for a part of the said year under review. Moreover, there was no employee, employed throughout the financial year or part thereof, was in receipt of remuneration in that year which, in the aggregate, or as the case may be, at a rate which, in the aggregate, is in excess of that drawn by the managing director or whole-time director or manager and holds by himself or along with his spouse and dependent children, not less than two percent of the equity shares of the company.

Disclosure

a) Extract of Annual Return

Pursuant to Section 92(3) read with Section 134(3)(a) of the Companies Act, 2013, the annual return of the Company for the year ended 31^st March, 2025 has been placed on the website of the Company at https://linaks.in/.

Pursuant to MCA Notification dated 05^th March, 2021, Extract of the Annual Return in Form No. MGT 9 is not required to be attached with the Boards report.

b) Composition of Board and its committee and Number of Meeting held Composition of Board of Directors:

The composition of Board of Directors as on the date of this report is as follows:

S. No. Name of Director	DIN	Date of Appointment on Current Designation	Designation	Category
1. Mr. Shashi Shekhar Mishra	06880735	18/07/2024	Director	Promoter
2. Mrs. Urvashi Mishra	09061576	15/02/2025	Director	Promoter
3. Ms. Ishu Mishra	09461542	14/02/2025	Director	Promoter

Board Meeting and Attendance of Directors

During the year, only one (01) Board Meeting held on i.e. August 12, 2024 was held as the Company came out of IBC pursuant to NCLT Order dated July 04, 2024 and the Insolvency Professional handed over the affairs of the Company to the new Management of the Company and supported in filing the forms of their appointment. The Board being unaware of the compliances did not conduct the Board Meetings.

Board Committees

Audit Committee:

Since, Board was not aware of the compliances, therefore, no Audit Committee was formed during the previous financial year. Hence, no meetings have taken place.

Further, the Board conducted the meeting on 01^st April, 2025 and formed the Audit Committee. Following are the members in the Audit Committee w.e.f. 01^st April, 2025.

Name of Members	Designation
Mr. Shashi Shekhar Mishra	Chairman
Mrs. Urvashi Mishra	Member
Ms. Ishu Mishra	Member

Stakeholders Relationship Committee:

Since, Board was not aware of the compliances, therefore, no Stakeholders Relationship committee was formed during the previous financial year. Hence, no meetings have taken place.

Further, the Board conducted the meeting on 01^st April, 2025 and formed the Stakeholders Relationship Committee. Following are the members in the Stakeholders Relationship Committee w.e.f. 01^st April, 2025.

Name of Members	Designation
Mr. Shashi Shekhar Mishra	Chairman
Mrs. Urvashi Mishra	Member
Ms. Ishu Mishra	Member

The Committee, inter alia, looks into investor complaints and also reviews the performance of Registrar to the Issue and Share Transfer Agent of the Company and suggests measures for overall improvement.

The Company has delegated share transfer powers to the Registrar and Share Transfer Agent, Beetal Financial and Computer Services (P) Limited, Beetal House, 3^rd Floor, 99 Madangir, Behind LSC, Near Dada Harsukhdas Mandir, New Delhi 110062.

The RTA meets every fortnight to resolve the share transfer matters.

During the year, no complaints were received from the investors. All transfers/transmissions received during the financial year were processed by the Registrar and Share Transfer Agent and no transfers/transmissions were pending.

Nomination & Remuneration Committee:

Since, Board was not aware of the compliances, therefore, no Nomination and Remuneration Committee was formed during the previous financial year. Hence, no meetings have taken place.

Further, the Board conducted the meeting on 01st April, 2025 and formed the Nomination and Remuneration Committee. Following are the members in the Audit Committee w.e.f. 01st April, 2025.

Name of Members	Designation
Mr. Shashi Shekhar Mishra	Chairman
Mrs. Urvashi Mishra	Member
Ms. Ishu Mishra	Member

c) Directors Responsibility Statement

Pursuant to Section 134 (5) of the Companies Act, 2013, the board of directors, to the best of their knowledge and ability, confirm:

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

b) that the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that were 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 or Loss of the Company for the Financial Year ended 31^st March, 2025;

c) that the directors have 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 of the Company.

d) and for preventing and detecting fraud and other irregularities;

e) that the annual accounts have been prepared on a ‘going concern basis.

f) that proper internal financial controls were in place and that financial controls were adequate and were operating effectively.

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

d) Statement on Independent Directors Declaration

The Company has received necessary declarations from all Independent Directors of the Company as required under section 149(7) of the Companies Act, 2013 that they meet the criteria of independence laid down in Section 149(6) of the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Further, the Board has appointed subject to the recommendation of Nomination and Remuneration Committee, Mr. Prakash Chandra Srivastava and Ms. Komilla Singh were appointed as a Non Executive Independent Directors in the company during the financial year 2025 2026 in their Board Meeting held on September 02, 2025 subject to the approval of the shareholders in the ensuing Annual General Meeting with immediate effect for a consecutive term of 5 years.

e) Nomination and Remuneration Policy

The Board, on the recommendation of the Nomination & Remuneration Committee of the Company, has framed and adopted a Policy Namely Nomination and Remuneration Policy to deal with matters of appointment and remuneration of Directors, Key Managerial Personnel, Senior Management and other Employees of the Company. The said policy focuses on the following aspects: -

a) The level and composition of remuneration is reasonable and sufficient to attract, retain and motivate quality Directors 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.

Nomination and Remuneration Policy is placed at the website of the Company at www.linaks.in.

f) Corporate Social Responsibility (CSR)

The provisions relating to CSR is not applicable to the Company as the Company does not meet the criteria prescribed under section 135 of the Companies Act, 2013 read with rules made thereunder.

g) Explanations or Comments by the Board on every Qualification, Reservation or Adverse Remark or Disclaimer made by the Statutory Auditor in their report

The Statutory Auditors have not given any Qualification, Reservation or made any adverse remarks or disclaimer in their Audit Report including reporting of fraud under section 143 of the Companies Act, 2013. The observations of the Statutory Auditors in their report, read together with the notes on Accounts, are self explanatory, and therefore, in the opinion of the Directors, do not call for any further explanation.

h) Explanations or Comments by the Board on every Qualification, Reservation or Adverse Remark or Disclaimer made by the Company Secretary in Practice in his Secretarial Audit Report

Management submits that pursuant to the Honble NCLT Order dated July 04, 2024, the Management of the Company was changed and the new management was not aware of the compliance and due to inadvertence, the above reported non-compliances by the secretarial auditor were not addressed by the Company.

The management assures that all necessary measures will be taken to ensure future compliance.

i) Particulars of Loans, Guarantees, Security and Investments under Section 186 of the Companies Act, 2013

The Company has neither given any Guarantee nor provided any Security in Connection with a Loan, directly or indirectly, to any person or other body corporate under Section 186 of the Companies Act, 2013 during the financial year ended 31^st March 2025. The Company has also not made any investments by way of subscription, purchase or otherwise, in the securities of any other body corporate during the financial year ended 31^st March 2025. The details of outstanding inter corporate loan as on 31^st March, 2025 has been disclosed in the financial statements for the financial year ended on 31^st March, 2025.

j) Related Party Transactions

The Company has not carried out any related party transactions falling within the purview of Section 188 read with the Companies (Meetings of Board and its Powers) Amendment Rules, 2014 during the financial year under review, and therefore, the particulars of Contracts or Arrangements with Related Parties referred to in Section 188(1) in Form AOC 2 is not applicable to the Company.

The Company has followed the guidelines of Accounting Standards notified under the Companies (Accounting Standard) Rule 2006 in preparation of its financial statements.

None of the Directors have any pecuniary relationships of transactions viz-a-viz the Company. The Company has not entered into any transaction of material nature with Promoters, the Directors or the Management or Relatives etc. that may have any potential conflict with the interest of the Company. The related party transactions are duly disclosed in the Notes to the Accounts.

k) Transfer to Reserve

The Company has not transferred any amount to reserve during the financial year under review.

l) 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 related and the date of the report.

There have not been any material changes and commitments occurred, between the end of the financial year of the Company i.e. 31^st March, 2025 and the date of this report affecting financial position of the Company. m) Conservation of energy and technology absorption and foreign exchange earnings and outgo:

With respect to conservation of energy, technology absorption and foreign exchange earnings and outgo pursuant to Section 134(3)(m) of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, for the financial year ended March 31, 2025 are attached as Annexure ‘D and form an integral part of this Report.

n) Risk Management Policy

In todays economic environment, Risk Management is very important part of the business. The main aim of risk management is to identify, monitor and take precautionary measures in respect of the events that may pose risks for the business. Your Company recognizes risk management as an integral component of good corporate governance. The Company has developed and adopted a risk management policy.

o) Annual Evaluation of Board Performance and Performance of its Committees and of Directors

Pursuant to the provisions of the Companies Act 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has carried out an annual evaluation of its own performance, performance of the Directors as well as the evaluation of its committees.

The Nomination and Remuneration Committee has defined the evaluation criteria, procedure and time schedule for the performance evaluation process for the Board, its Committees and Directors.

p) Separate Meeting of the Independent Directors

There were no Independent Directors, therefore, there is no question of meeting of the Independent Directors.

q) Public Deposits:

During the period under review, the Company has not accepted or invited any deposits from the public.

r) Significant and Material orders passed by the regulators or Courts or Tribunals

The National Company Law Tribunal, New Delhi Bench, Court VI, I.A. 22/2024 in C.P. No. IB 638/ND/2020, Under Section 30(6) and 31 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, passed the order

1. approving the Resolution Plan along with the addendums to the Resolution Plan submitted by consortium of Lala Jugal Kishore Jewellers, M/s Evanka Construction India Private Limited, M/s Smoothway Realtors LLP and M/s LJK Construction India Private Limited (Successful Resolution Applicant) as approved by the Committee of Creditors (‘CoC) in its 10^th CoC Meeting held on 09.09.2023 with 100% voting shares.

2. The Resolution Professional shall forward all records relating to the Corporate Insolvency Resolution Process of the Corporate Debtors and the Resolution Plan to IBBI to be recorded at its database in terms of Section 31(3)(b) of the Code. The Resolution Professional is further directed to handover all the records, premises, properties of the Corporate Debtors to the Successful Resolution Applicant to ensure a smooth implementation of the resolution plan.

3. the resolution plan shall not be construed as waiver to any statutory obligations/liabilities arising out of the approved resolution plan and the same shall be dealt in accordance with the appropriate authorities concerned as per relevant laws.

s) Adequacy of Internal Financial Control

The Internal Audit Department of the Company had carried out internal audit during the financial year under review. The said Audit was carried out with the objective to identify system deficiencies in the process(s) of the organization and to ensure operational effectiveness in all the processes within the organization to ensure that effective internal control exist at all levels of the organization. Further in case any deficiency (ies)/ weakness (es) is observed, the same is brought to the notice of the Management so that corrective actions are taken on time. t) Disclosures with respect to demat suspense account/ unclaimed suspense account:

The Company does not require to open demat suspense account/unclaimed suspense account.

u) Compliance with Secretarial Standards:

The Company has complied with the provisions of Secretarial Standards during the financial year 2024 2025.

v) Maintenance of Cost records:

The Central Government has not prescribed maintenance of cost records under sub-section (1) of section 148 of the Companies Act, 2013 in respect of Company.

w) The details of application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year along with their status as at the end of the financial year.

Against the proceedings pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016), The National Company Law Tribunal, New Delhi Bench, Court VI, I.A. 22/2024 in C.P. No. IB 638/ND/2020, Under Section 30(6) and 31 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, passed the order dated July 04, 2024

1. approving the Resolution Plan along with the addendums to the Resolution Plan submitted by consortium of Lala Jugal Kishore Jewellers, M/s Evanka Construction India Private Limited, M/s Smoothway Realtors LLP and M/s LJK Construction India Private Limited (Successful Resolution Applicant) as approved by the Committee of Creditors (‘CoC) in its 10^th CoC Meeting held on 09.09.2023 with 100% voting shares.

2. The Resolution Professional shall forward all records relating to the Corporate Insolvency Resolution Process of the Corporate Debtors and the Resolution Plan to IBBI to be recorded at its database in terms of Section 31(3)(b) of the Code. The Resolution Professional is further directed to handover all the records, premises, properties of the Corporate Debtors to the Successful Resolution Applicant to ensure a smooth implementation of the resolution plan.

3. the resolution plan shall not be construed as waiver to any statutory obligations/liabilities arising out of the approved resolution plan and the same shall be dealt in accordance with the appropriate authorities concerned as per relevant laws.

4. Pursuant to NCLT Order dated July 04, 2024 the new management took over the charge of affairs of the Company. However, the shares of the company have not yet been transferred in the name of new management/promoter in accordance with the order passed by Honble NCLT New Delhi Bench.

x) 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

Acknowledgements:

The Board places on record its appreciation for the continued co-operation and support extended to the Company by customers, vendors, Stock Exchange, SEBI, bankers, auditors, legal advisors, consultants business associates, state government, local bodies and all the employees with whose help, co-operation and hard work the Company is able to achieve the results.

The Board deeply acknowledges the trust and confidence placed by the customers of the Company and all its shareholders.

	By Order of the Board
	For Linaks Micro Electronics Limited
	Sd/-
	Bhumika Mittal
Place: Lucknow	Company Secretary cum Compliance Officer
Date: 02/09/2025	M. No.: A63808