Max Alert Systems Ltd Directors Report

To,

The Members of the Company

Your Directors have the pleasure of presenting their 22nd Annual Report of the Company together with the Audited Statements of Accounts for the Financial Year ended March 31, 2025.

The financial results of the company are summarized below:

	Standalone
Particulars	2024-25 Current Year	2023-24 Previous Year
Revenue from Operations	1458.72	0
Other Income	226.55	1
Total Revenue	1685.27	1
Total Expenditure	1357.88	34.18
Profit/(Loss) before Prior Period Items & tax	327.39	-33.18
Less: Prior period Items	0	51.06
Profit/(Loss) Before Tax	327.39	-84.23
Less: Taxes
Deferred tax charge (credit)	-2.77	1.99
Profit /(Loss) After Tax	324.62	-86.23
Dividend proposed	0	0
Dividend Distributable Tax	0	0
Add: Balance b/f from the previous year	0	0
Add: Transferred from debenture redemption reserve	0	0
Less: Transfer to Debenture Redemption Reserve (if any)	0	0
Profit (Loss) for the period	324.62	-86.23

FINANCIAL HIGHLIGHTS AND PERFORMANCE OF THE COMPANY

The standalone total income increased from 1.00 lakhs to 1685.27 lakhs, an increase of 1,68,427% over the previous financial year. The standalone Profit After Tax increased from -86.23 lakhs to 324.62 lakhs, an increase of 476.5% over the previous financial year.

BUSINESS OVERVIEW

Companys main object is a natural resource-based building materials company. The Company supplies aggregates (crushed stone, sand and gravel) through quarries / mines and distribution yards to its customers in Jharkhand. Company also provides cement and downstream products, namely, pavers, Hollow Bricksin vertically-integrated structured markets where as the Company has a leading position in aggregates. The Companys heavy-side building materials are used in infrastructure, non-residential and residential construction projects. Aggregates are also used in Building construction and infrastructure projects and as railroad ballast. The aggregates, paver tiles and Hollow bricks and paving product lines are reported collectively as the "Building Materials" business and company having business of towering of telecom industry.

During the financial year under review, following the approval of the Resolution Plan by the Honble NCLT and the induction of the new management, the management is actively exploring new avenues for growth and revival of the company.

DIVIDEND

To conserve the resources & to meet the companys future growth plans, your Directors do not recommend any dividend for the financial year ended March 31, 2025.

RESERVES

During the year under review, no amount has been transferred to Reserves.

TRANSFER OF UNCLAIMED DIVIDEND / DEPOSITS AND SHARES TO INVESTOR EDUCATION & PROTECTION FUND (IEPF)

Pursuant to the applicable provisions of the Companies Act, 2013, read with Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended from time to time, Dividends that are unpaid/unclaimed for a period of seven years are required to be transferred to the Investor Education and Protection Fund administered by the Central Government. In this regard, there are no amounts which are required to be transferred to the Investor Education and Protection Fund by your Company, in accordance with the above provisions.

DEPOSITS

The Company has neither accepted nor invited any deposits from the public during the financial year 2024-25 pursuant to provisions of section 73 and 74 of the Companies Act, 2013. There were no unclaimed or unpaid deposits as on March 31, 2025.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186

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

CAPITAL STRUCTURE

As on Match 31, 2025, the authorized share capital of the Company is 20,00,00,000/- (Rupees Twenty Crores only) divided into 2,00,00,000 equity shares of 10/- (Rupees Ten only) each.

Pursuant to the approval of the Resolution Plan by the Honble NCLT dated February 07, 2024, the Issued, Subscribed, and Paid-up Share Capital of the Company, amounting to 9,19,95,000 comprising 91,99,500 equity shares of 10 each, shall be reduced in the ratio of 1:10. Consequently, the total number of equity shares will be reduced to 9,19,950, amounting to 91,99,500. Further, the Authorized Share Capital of the Company shall be increased from 10,00,00,000 to 20,00,00,000. However, the in-principle approval for the reduction of share capital is currently pending with the stock exchanges.

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

The Company does not have any subsidiary Company and hence comments and information as required under section 129 of the Companies Act, 2013 is not applicable and not required.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH THE RELATED PARTIES

During the Financial Year ended March 31, 2025, all transactions with the Related Parties as defined under the Act read with Rules framed thereunder, were in the ordinary course of business and at arms length basis. During the year under review, your Company did not enter into any Related Party Transaction which requires approval of the Members. There have been no materially significant related party transactions made by the Company with the Promoters, the Directors or the Key Managerial Personnel which may be in conflict with the interests of the Company at large.

Since all related party transactions entered into by your Company were in the ordinary course of business on arms length basis and not material, therefore, details required to be provided in the prescribed Annexure - I Form AOC - 2 are not applicable to the Company. The Policy on Related Party Transactions as approved by the Board can be accessed on the Companys website at following web-link: www.maxearth.in. The details of the related party transactions are set out in the notes to the financial statements.

CHANGE IN THE NATURE OF BUSINESS

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

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

The Management Discussion and Analysis for the period under review as required under Schedule V read with Regulation 34(2) (e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been dealt with extensively in a separate section forming part of the Annual Report.

LISTING

The Equity Shares of your Company are currently listed on BSE Ltd. (BSE) we have ensured the listing fees for the F.Y. 2025 are fully paid across all platforms where the equity shares of the Company are listed.

CORPORATE GOVERNANCE:

As per regulation 15(2) of the Listing Regulation, the Compliance with the Corporate Governance provisions shall not apply in respect of the following class of the Companies:

a. Listed entity having paid up equity share capital not exceeding 10 Crore and Net Worth not exceeding 25 Crore, as on the last day of the previous financial year;

b. Listed entity which has listed its specified securities on the SME Exchange.

Since, our Company falls within the ambit of aforesaid exemption (b); hence compliance with the provision of Corporate Governance shall not apply to the Company and it does not form the part of the Annual Report for the financial year 2024-2025.

NON-APPLICABILITY OF THE INDIAN ACCOUNTING STANDARDS:

As per Provision to regulation Rule 4(1) of the companies (Indian Accounting Standards) Rules, 2015 notified vide Notification No. G.S.R 111 (E) on 16th February, 2015, Companies whose shares are listed on SME exchange as referred to in Chapter XB of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, are exempted from the compulsory requirements of adoption of IND-AS w.e.f. 1st April, 2017. As your Company is also listed on SME Platform of BSE Limited, is covered under the exempted category and is not required.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

I. BOARD OF DIRECTORS:

The Board of Directors of the Company, at present, comprises of 6 (Six) Directors, who have wide and varied experience in different disciplines of corporate functioning. The present composition of the Board consists of one Managing Director, one Executive Director, one Whole time director and Three Non-Executive Independent Directors.

The Board received a declaration from all the Directors under Section 164 and other applicable provisions, if any, of the Companies Act, 2013 that none of the Directors of the Company is disqualified under the provisions of the Companies Act, 2013 ("Act") or under the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015.

The details are as follows:

Sr .. Name of the Director No	Designation
1. Mr. Amit Anand Vengilat	Managing Director
2. Mr. Abhilash Kochuparambil Sasi	Executive Director
3. Mr. Dina Nath Singh*	Whole time Director
4. Mrs. Bhakti Manish Visrani	Non-Executive Independent Director
5. Mrs Kinjal Darshit Parkhiya	Non- Executive Independent Director
6. Mr. Balachandran Nair Sankaran	Non- Executive Independent Director

*Change in designation as whole time director w.e.f. September 04, 2024.

In accordance with the provisions of Section 152 of the Companies Act, 2013 and the Articles of Association of your Company, Mr. Amit Vengilat (DIN: 07544088) retires by rotation at the ensuing Annual General Meeting and being eligible has offered himself for re-appointment.

The details as required under the provisions of the Companies Act and Listing Regulations are provided in the Notice convening the ensuing Annual General Meeting wherever required.

II. KEY MANAGERIAL PERSONNEL (KMP)

The following are the Key Managerial Personnel of the Company has been appointed w.e.f. March 18, 2024 during the financial year under review:

Name of the KMP	Designation
Mr. Tayappa Marenna Koli	Chief Financial Officer
Mr. Dina Nath Singh@	Chief Executive Officer
Mr. Gokul Bhojwani*	Company Secretary and Compliance Officer

*Appointed w.e.f. May 21, 2024.

@Change in designation as whole time director w.e.f. September 04, 2024.

DECLARATION BY INDEPENDENT DIRECTORS

The Company has received declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence as prescribed under the provisions of section 149(6) of the Companies Act, 2013 read with schedules & rules issued thereunder as well as regulation 16 of the Listing Regulations (including any statutory modification(s) or re-enactment(s) thereof for the time being in force). The same shall be available for inspection upon request by Shareholders.

The Independent Directors have complied with the Code for Independent Directors prescribed in Schedule IV to the Act.

MEETING OF INDEPENDENT DIRECTORS

There should be atleast one meeting of Independent Directors in a year, without the attendance of non independent Directors and members of the Management. One (1) meeting of the Independent Directors of the Company was held on February 12, 2024.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to the requirement under section 134(5) 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 March 31, 2025, 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, 2025 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 of the Company and for preventing and detecting fraud and other irregularities;

iv. The Directors had prepared the annual accounts on a going concern basis;

v. 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;

vi. 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

DISCLOSURES BY DIRECTORS:

The Board of Directors have submitted notice of interest in Form MBP 1 under Section 184(1) as well as information by Directors in Form DIR 8 under Section 164(2) and declarations as to compliance with the Companies Act, 2013.

DISQUALIFICATIONS OF DIRECTORS:

During the Financial Year 2024-2025 under review the Company has received Form DIR-8 from all Directors as required under the provisions of Section 164(2) of the Companies Act, 2013 read with Companies (Appointment and Qualification of Directors) Rules, 2014 that none of the Directors of your Company is disqualified.

The certificate for Non - Disqualification of Directors has been received from Practicing Company Secretary, Amruta Giradkar and Associates and attached in Annexure V.

POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION

The Company has a Nomination & Remuneration Policy to ensure a competent Board. The Committee identifies competency gaps, evaluates candidates, and recommends suitable members. It also fills Board vacancies as needed. The selected candidates are invited to join the Board and subject to approval of Shareholders.

Additionally, a Nomination & Remuneration Committee has been established to set criteria for board member selection, which includes: (a) Identification of candidates who are qualified to become directors and senior management personnel (b) Determining the tenure of independent directors, whether to extend or continue the term of appointment of the independent director, based on the Report of performance evaluation (c) Formulating a remuneration policy for directors, senior executives, and staff, covering ESOP, pensions, and other compensations.

The policy of the Company on Directors appointment and remuneration including criteria for determining qualifications, positive attributes, independence of a Director and other matters provided under sub-section (3) of Section 178. The aforesaid polices are put up on the Companys Website www.maxearth.in.

Disclosures pertaining to remuneration and other details as required under Section 197(12) of the Companies Act, 2013 ("Act") read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 form part of this Report and are annexed as Annexure III.

MEETINGS OF THE BOARD OF DIRECTORS

During the Financial Year under review the Board of Directors duly met Five (5) times with gap not exceeding the period prescribed under Companies Act, 2013 and Rules made thereunder. The dates of the Board Meeting are mentioned below:

	Directors Attendance
No Date of Meeting	No. of Directors eligible to attend	No. of Directors attended
1. May 21, 2024	5	5
2. May 25, 2024	5	5
3. August 07, 2024	5	5
4. November 14, 2024	6	6
5. January 01, 2025	6	6
7. February 12, 2025	6	6

COMMITTEES OF THE BOARD

The Board of Directors has the following Committees:

(1) Audit Committee

(2) Nomination and Remuneration Committee;

(3) Stakeholders Relationship Committee;

1) AUDIT COMMITTEE

The Audit Committee has played an important role in ensuring the financial integrity of the Company. The Audit Committees role includes oversight of the financial reporting process, the audit process, the adequacy of internal controls, transactions with related parties and compliance with applicable laws and regulations. All the recommendations made by the Audit Committee were accepted by the Board

The Audit Committee has been reconstituted in accordance with the provisions Section 177 of the Companies Act, 2013 and Regulation 18 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 Regulations. The members of the Audit Committee are financially literate and have the requisite experience in financial management. All the recommendations made by the Audit Committee were accepted by the Board. The Audit Committee comprises of:

Sr Name of the Director No	Designation
1 Bhakti Manish Visrani, Chairman	Independent Director
2 Kinjal Darshit Parkhiya, Member	Independent Director
3 Amit Vengilat, Member	Executive Director

The scope and terms of reference of the Audit Committee is in accordance with the Act and the SEBI (LODR) Regulations, 2015.

During the Financial year ended on March 31, 2025, the meetings of the Audit Committee were held Four (4) times with gap not exceeding the period prescribed under Companies Act, 2013 and Rules made thereunder. The dates of the Audit Meeting are mentioned below:

Sr. No Date of Meeting	Members Attendance
	No. of members eligible to attend	No. of members attended
1. May 25, 2024	3	3
2. August 07, 2024	3	3
3. November 14, 2024	3	3
4. February 12, 2025	3	3

The Statutory Auditors of the Company are invited in the meeting of the Committee wherever requires and Company Secretary and Chief Financial Officer of the Company are the regular invitee at the Meeting.

Recommendations of Audit Committee, wherever/whenever given, have been accepted by the Board of Directors.

2) NOMINATION AND REMUNERATION COMMITTEE:

The Nomination and Remuneration Committee has been reconstituted in accordance with the provisions Section 178 of the Companies Act, 2013 and Regulation 19 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 Regulations. The Nomination and Remuneration Committee comprises of:

Sr. Name of the Director No	Designation
1 Kinjal Darshit Parkhiya, Chairman	Independent Director
2 Balachandran Nair Sankaran, Member	Independent Director
3 Bhakti Manish Visrani, Member	Independent Director

The scope and terms of reference of the Nomination and Remuneration Committee is in accordance with the Act and the SEBI (LODR) Regulations, 2015.

During the Financial year ended on March 31, 2025, the meetings of the Nomination and Remuneration Committee were held Two - (2) times with gap not exceeding the period prescribed under Companies Act, 2013 and Rules made thereunder. The dates of the Nomination and Remuneration Committee are mentioned below:

Sr. No Date of Meeting	Members Attendance
	No. of members eligible to attend	No. of members attended
1. August 07, 2024	3	3
2. February 12, 2025	3	3

Stakeholders Relationship Committee;

Post implementation of Approved Resolution Plan, the Stakeholders Relationship Committee has been reconstituted in accordance with the provisions Section 179 of the Companies Act, 2013 and Regulation 20 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 Regulations. The Stakeholders Relationship Committee comprises of:

Sr. Name of the Director No	Designation
1 Bhakti Manish Visrani, Chairman	Independent Director
2 Balachandran Nair Sankaran, Member	Independent Director
3 Amit Vengilat, Member	Executive Director

The scope and terms of reference of the Stakeholders Relationship Committee is in accordance with the Act and the SEBI (LODR) Regulations, 2015. During the Financial year ended on March 31, 2025, the meetings of the Nomination and Remuneration Committee were held One (1) time within the period prescribed under Companies Act, 2013 and Rules made thereunder. The date of the Nomination and Remuneration Committee are mentioned below:

Sr No Date of Meeting	Members Attendance
	No. of members eligible to attend	No. of members attended
1. February 12, 2025	3	3

BOARD EVALUATION:

The Company has framed a policy for the Appointment of Directors and Senior Management and Evaluation of Directors Performance ("Board Evaluation Policy"). The said policy sets out criteria for performance evaluation of Independent Directors, other Non-Executive Directors and the Executive Director. Pursuant to the provisions of the Act and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), the Board carries out the performance evaluation of all the Directors (including Independent Directors) on the basis of recommendation of the Nomination and Remuneration Committee and the criteria mentioned in the Board Evaluation Policy. The Board decided that the performance evaluation of Directors should be done by the entire Board of Directors excluding the Director being evaluated and unanimously agreed on the following assessment criteria for evaluation of Directors performance:

• Attendance and active participation in the Meetings;

• Bringing ones own experience to bear on the items for discussion;

• Governance covering Awareness and Observance; and

• Value addition to the business aspects of the Company.

I. PERFORMANCE EVALUATION OF EXECUTIVE DIRECTOR:

The performance of the MD & CEO is evaluated on the basis of achievement of performance targets/criteria given to him by the Board from time to time.

II. PERFORMANCE EVALUATION BY THE BOARD OF ITS OWN PERFORMANCE AND ITS COMMITTEES:

The performance of the Board is evaluated by the Board in the overall context of understanding by the Board of the Companys principle and values, philosophy and mission statement, strategic and business plans and demonstrating this through its action on important matters, the effectiveness of the Board and the respective Committees in providing guidance to the Management of the Company and keeping them informed, open communication, the constructive participation of members and prompt decision making, level of attendance in the Board meetings, constructive participation in the discussion on the Agenda items, monitoring cash flow, profitability, income & expenses, productivity & other financial indicators, so as to ensure that the Company achieves its planned results, effective discharge of the functions and roles of the Board, etc.

The performance of the Committees is evaluated by the members of the respective Committees on the basis of the Committee effectively performing the responsibility as outlined in its Charter, Committee meetings held at appropriate frequency, length of the meetings being appropriate, open communication & constructive participation of members and prompt decision-making, etc.

DETAILS OF SHAREHOLDERS COMPLAINTS/GRIEVANCES RECEIVED

During the financial year 2024-25, The Company has not received any complaints from the Equity Shareholder relating to non-receipt of share transfer/bonus certificate, non-receipt of dividend, no receipt of annual report etc.

INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has an adequate system of internal controls in place, commensurate with the size and nature of its business. These controls have been designed to provide a reasonable assurance with regard to maintaining of proper accounting controls for ensuring reliability of financial reporting, monitoring of operations, protecting assets from unauthorized use or losses, compliance with regulations.

DISCLOSURE REQUIREMENTS:

RELATED PARTY TRANSACTIONS:

The management team has represented to the Reconstituted Board and taken on record by the Reconstituted Board that during the year under review, there materially significant related party transactions made by the Company with its related parties disclosed in Annexure I in Form AOC- 2.

Policy on dealing with related party transactions is available on the website of the company www.maxearth.in

WHISTLE BLOWER /VIGIL MECHANISM

The Company has adopted a "Whistle Blower" Policy and has established the necessary vigil mechanism for employees and directors to report concerns about unethical behaviour as per the provisions regarding vigil mechanism as provided in Section 177(9) of the Companies Act, 2013 read with rules framed there under. Further the mechanism adopted by the Company encourages the Whistle Blower to report

genuine concerns or grievances and provide for adequate safe guards against victimization of the Whistle Blower who avails of such mechanism and also provides for direct access to the Chairman of the Audit Committee in exceptional cases. The functioning of vigil mechanism is reviewed by the Audit Committee from time to time. None of the Whistle blowers has been denied access to the Audit Committee of the Board. The "Whistle Blower" Policy is available on website of the company www.maxearth.in.

CORPORATE SOCIAL RESPONSIBILITY

As per the provisions of Section 135 of the Companies Act, 2013, read with rules framed there under, every company including its holding or subsidiary and a foreign company, which fulfills the criteria specified in sub-section (1) of section 135 of the Act, shall comply with the provisions of Section 135 of the Act and its rules.

Since the Company is not falling under any criteria specified in sub-section (1) of section 135 of the Act, your Company is not required to constitute a Corporate Social Responsibility Committee.

RISK MANAGEMENT POLICY/PLAN

In terms of the requirement of the Act, the Company has developed and implemented the Risk Management Policy and the Audit Committee of the Board reviews the same periodically.

The Company has in place a mechanism to identify, assess, monitor, and mitigate various risks to business objectives. Major risks identified by the business and functions are systematically addressed through mitigating actions on a continuous basis. They are discussed at the meetings of the board of directors of the company.

The Companys internal control systems are commensurate with the nature of its business and the size and complexity of its operations. These are routinely tested and certified by statutory as well as Internal Auditors. Significant Audit observations and follow-up actions thereon are reported to the Board. The Board of Directors reviews the adequacy and effectiveness of the companys internal control environment and monitors the implementation of audit recommendations.

SEBI COMPLAINTS REDRESS SYSTEM (SCORES):

The investor complaints are processed in a centralized web based complaints redress system. The salient features of this system are centralized database of all complaints, online upload of Action Taken Reports\(ATRs) by the concerned companies and online viewing by investors of actions taken on the complaint and its current status. Your Company has been registered on SCORES and makes every effort to resolve all investor complaints received through SCORES or otherwise within the statutory time limit from the receipt of the complaint. The Company has not received any complaint on the SCORES during Financial year 2024-25.

STATUTORY AUDITORS

At the 18th Annual General Meeting of the Company held on September 30, 2021, the members approved appointment of M/s. S C Mehra & Associates LLP, Chartered Accountants (Firm Registration No. 106156W) as Statutory Auditors of the Company to hold office for a period of five years from the conclusion of that Annual General Meeting till the conclusion of the 23rd Annual General Meeting.

Whereas upon the completion of term of M/s. S C Mehra & Associates LLP, Chartered Accountants, the company has appointed M/s Jain Vinay & Associates, Chartered Accountants, (FRN: 006649W) as Statutory Auditors of the Company to hold office for a period of five years from the conclusion of 22nd Annual General Meeting till the conclusion of the 27th Annual General Meeting.

The Notes on accounts referred to in the Auditors Report are self-explanatory and therefore, do not call for any further explanations/ comments. The Auditors Report on the standalone financial statements of the Company for the year ended March 31, 2025 forms part of this Annual Report and there are no qualifications, reservation, adverse remark or disclaimer made by the Statutory Auditors in their report.

DETAILS OF FRAUD REPORTED BY THE AUDITOR:

As per auditors report, no fraud u/s 143(12) has been reported by the Auditor.

SECRETARIAL AUDITOR:

The Board of Directors had appointed M/s. Amruta Giradkar & Associates, Company Secretaries, to carry out Secretarial Audit of the Company under the provisions of Section 204 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, for the financial year 2024-25. The Report of the Secretarial Auditor for Financial year 2024-25 is annexed to this report in Annexure IV. There are no adverse observations in the Secretarial Audit Report which call for explanation.

INTERNAL AUDITOR:

At the 01st Board Meeting of the Company held on May 30, 2025, the Directors approved appointment of M/s. KKAB &Co LLP, Chartered Accountants, as the Internal Auditor of the Company, for the financial year 2024-25.

The Notes on accounts referred to in the Auditors Report are self-explanatory and therefore, do not call for any further explanations/ comments. The Auditors Report on the standalone financial statements of the Company for the year ended March 31, 2025 forms part of this Annual Report and there are no qualifications, reservation, adverse remark or disclaimer made by the Statutory Auditors in their report.

MATERIAL CHANGES AND COMMITMENTS 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:

During the Year Under review, following are the material changes which have occurred between the end of the financial year of the company: -

a) Change of Registered Office: - In order to achieve the effectiveness and efficiency in operations, the registered office of the company has been shifted. The office has been shifted from 502, 5th Floor, Timmy Arcade, Makwana Road, Marol, Andheri (East), Mumbai- 400 059 Maharashtra, India to 103, Wellington Business Park 1, Andheri Kurla Road, J.B. Nagar Marol Opp High Swarastra Industrial Estate Mumbai 400 059, Maharashtra, India w.e.f. January 01, 2025.

b) Change of name of the Company: - In order to align better with the object of the Company, the name of the company has been changed from "Max Alert Systems Limited" to "Max Earth Resources Limited" w.e.f. August 07, 2024.

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

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANYS OPERATION IN FUTURE:

There are no significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and the Companys operations in the future.

HUMAN RESOURCE DEVELOPMENT

Equipping the Company with a committed and skilled workforce is crucial to our success. We value dedication, expertise, and innovation in our employees. When assessing capability, we evaluate technical skills and knowledge gained through experience, as well as cognitive abilities, social skills, and their practical application. We are dedicated to building a pipeline of future talent by investing in their development and nurturing their growth. To support this, we offer development and training opportunities that motivate and encourage our workforce to advance in their careers. As on March 31, 2025, the Company had Two (2) permanent employees. Max Earth Resources Limited has fostered strong, supportive relationships with its employees, which have been instrumental in driving the Companys growth and success.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

In accordance with the provisions of Section 134 read with the Companies (Accounts) Rules, 2014 regarding conservation of energy, technology absorption and foreign exchange earnings and outgo, your Directors furnish hereunder the additional information as required.

A. CONSERVATION OF ENERGY

Information in accordance with the provisions of Section 134(3) (m) read with the Companies (Accounts) Rules, 2014 regarding conservation of energy does not apply to your Company.

B. TECHNOLOGY ABSORPTION

Your Company has no foreign collaboration, hence no particulars are offered.

C. FOREIGN EXCHANGE EARNING AND OUTGO

As required under Section 134(3) (m) of the Companies Act, 2013 read with Companies (Accounts) Rules, 2014, the information relating to the foreign exchange earnings and outgo are given in the Notes to the financial statements as well as hereunder for the year ended March 31, 2025:

Expenditure in Foreign Currency: NIL Foreign Exchange Earnings during the year: NIL

DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013

The Company has zero tolerance for Sexual Harassment at workplace. The company has adopted a Policy on prevention of Sexual Harassment in line with the provisions of The Sexual Harassment of Women at Workplace.

(Prevention, Prohibition and Redressal) Act, 2013. Details of complaints received during the year under review are as follows:

a. Number of complaints of sexual harassment filed during the Financial Year: Nil

b. Number of complaints of sexual harassment disposed of during the Financial Year: Nil

c. Number of complaints of sexual harassment pending as on end of the Financial Year: Nil

d. Number of cases pending for more than 90 days: NA

COMPLIANCE WITH THE MATERNITY BENEFIT ACT, 1961

The Company is in compliance with the provisions of Maternity Benefit Act, 1961 and no complaint has been received by the Company from any of the employee in this regard during the year under review.

DISCLOSURE OF MAINTENANCE OF COST RECORDS

Maintenance of Cost records as specified by the Central Government under sub-section (1) of section 148 of the Companies Act, 2013 is not applicable to the Company.

ENVIRONMENT PROTECTION AND POLLUTION CONTROL

The Company has always been socially conscious corporate, and has always carried forward all its operations and procedures for environment friendly norms with all necessary clearances.

COMPLIANCE WITH SECRETARIAL STANDARDS

The Company has complied with Secretarial Standards issued by the Institute of Company Secretaries of India on Board Meetings and General Meetings. As required in terms of Secretarial Standard (SS)-4, it is hereby confirmed that there is no corporate insolvency resolution process initiated under the Insolvency and Bankruptcy Code, 2016.

POSTAL BALLOT

During the year, no postal ballots were held.

ANNUAL RETURN

Pursuant to Section 92 of the Companies Act, 2013 and the Rules framed thereunder, as amended, the Annual Return as at March 31, 2025, in the prescribed Form MGT-7 is available on website of your Company at the URL www.maxearth.in.

ACKNOWLEDGEMENT

On behalf of all Directors, Resolution Professional of the Company acknowledges sincere all the employees, customers, investors, Committee of Creditors, regulatory and government authorities and stock exchanges for their cooperation and support and look forward to their continued support in future

	For Max Earth Resources Limited
	(Formerly known as Max Alert Systems Limited)
	Amit Anand Vengilat
Date: August 04, 2025	07544088
Place: Mumbai	(Managing Director)