Oasis Tradelink Ltd Directors Report

FOR FINANCIAL YEAR 2024-25

To,

The Members,

Oasis Tradelink Limited (CIN: L51909GJ1996PLC031163)

The newly Board of Directors of the Company hereby present the 29^th (Twenty Nineth) Directors Report together with the Audited Financial Statements of the Company for the financial year ended March 31, 2025.

Pursuant to order dated 26-02-2019 of the Honble National Company Law Tribunal - Ahmedabad Bench at Ahmedabad ("NCLT Order"), Corporate Insolvency Resolution Process ("CIR Process") has been initiated for the Company in accordance with the provisions of the Insolvency and Bankruptcy Code, 2016, ("Code") and related rules and regulations issued there under with effect from 26-02-2019 (Corporate Insolvency Resolution Process Commencement Date). The Honble NCLT has appointed Mr. Ramchandra Dallaram Choudhary as Resolution Professional vide order dated 13-06-2019 which was confirmed by the Board on 26-07-2019. Further, the Honble NCLT, Ahmedabad bench had on 04-12-2019, in the matter C.P. (I.B) No. 433/NCLT/AHM/2018, passed an order for initiation of Liquidation against the Corporate Debtor, M/s. Oasis Tradelink Limited (In liquidation). In the same order, Mr. Ramchandra Dallaram Choudhary have been appointed as the Liquidator by the NCLT u/s 34(1) of the Insolvency and Bankruptcy Code, 2016 (the Code).

Further, the Honble NCLT, Ahmedabad Bench has vide order dated 21-03-2022 in IA/224(AHM)2022 in CP (IB) 433 of 2018 allowed the Liquidator to sell the Corporate Debtor as a going concern to the interested buyer namely Mr. Niranjan Jain. Further, vide order dated 04-05-2022 in IA 342 (AHM) 2022 in CP (IB) 433 of 2018 read with interim order dated 20-04-2022 the Honble NCLT, Ahmedabad Bench have ordered that the applicant is entitled to the reliefs and concessions subject to the Provisions of Law relating to them and Rulingsof the Apex Court in case of Ghanshyam Mishra".

In view of the same, the undersigned Liquidator being the officer of the Court has sold the Corporate Debtor as a going concern under clause (e) of Regulation 32 of Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The proceeds from the sale of the Corporate Debtor has been distributed in the order of priority as per Section 53 of the Insolvency and Bankruptcy Code, 2016.

The powers of Board of Directors of the Company stand suspended effective from the Liquidation Process commencement date and such powers along with the management of affairs of the Company are vested with the Liquidator.

Pursuant to the order dated 14^th June, 2022 passed by the Honble NCLT, Ahmedabad Bench under the Insolvency and Bankruptcy Code, 2016, the Company has been sold as a going concern. In terms of the said order, the erstwhile Board of Directors was removed, and the management is now in the process of reconstituting the Board and implementing the directions of the Honble Tribunal.

The reconstituted Board of Directors, took over the management of the Companys affairs, is presenting this Report and the Financial Statements for the year ended March 31, 2025, under the provisions of the Companies Act, 2013, the rules and regulations framed thereunder ("the Act"), and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"). The present Board of Directors disclaims any responsibility for all current and future liabilities, including contingent liabilities, whether crystallized or uncrystallized, arising from non-compliance with statutory obligations.

An immunity has been provided to the new management as per the provision contained in the sanctioned certificate of sale of corporate debtor as a going concern dated 14^th June, 2022 and relief provided by virtue of the order passed by the National Company Law Tribunal from all the past non-compliance committed by the erstwhile management / resolution professional / liquidator prior to the acquisition of control of the Company. This disclaimer clarifies that the newly constituted Board of Directors, its officers, and the new management are insulated from any irregularities or legal obligations incurred before assuming control of the Companys management.

For the period under review, the company is Process of implementation of said order In view of the above facts, the Directors Report for the year under review has been prepared to the extent applicable.

1. FINANCIAL HIGHLIGHTS

Particulars	FY 2024-25	FY 2023-24
Revenue from Operations	0	0
Other Income	0	0
Total Income	0	0
Expenses: Other Expenses	12,28,09,869	12,98,75
Profit/(Loss) before exceptional items and tax	-12,28,09,869	-12,98,75
Exceptional Items	-	-
Profit/(Loss) before tax	-12,28,09,869	-12,98,75
Provision for current tax, deferred tax and other tax expenses	-	-
Profit/(loss) for the period	-12,28,09,869	-12,98,75
Earnings per share:
Basic	-1	-0
Diluted	-1	-0

2. OPERATION & REVIEW:

There were no business operations during the year under review as the Company.

3. DIVIDEND:

Your Company is undergone through Liquidation process and has incurred the losses, therefore does not recommend any dividend for the year 2024-25.

4. DETAILS OF SUBSIDIARY, JOINT VENTURE OR ASSOCIATES COMPANIES AND ITS PERFORMANCE AND FINANCIAL POSITION:

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

5. DETAILS OF HOLDING COMPANY:

The Company does not have any Holding Company.

6. SECRETARIAL STANDARDS:

The Liquidators state that the applicable Secretarial Standards i.e SS-1 and SS-2, issued by the Institute of Company Secretaries of India, relating to Meeting of Board of Directors and General Meetings respectively have been duly complied with.

7. SHARE CAPITAL:

There is no change in the Authorized and Paid -up Share Capital of the Company during the year under review. Your Directors state that no disclosure or reporting is required in respect of the following items as there were no transactions on these items during the year under review:

A) Issue of equity shares with differential rights

B) Issue of sweat equity shares

C) Issue of employee stock options

D) Provision of money by company for purchase of its own shares by employees or by trustees for the benefit of employees.

8. AUTHORIZED CAPITAL:

The Authorized Capital of the Company, as at closure of financial year 2024-25, was Rupees 10,90,00,000.00 (Ten crore ninety lakh Rupees only)

divided into 10900000 (One Crore Nine Lakh) Equity Shares of Rupees 10.00 (Rupees Ten Only) each

9. ISSUED, SUBSCRIBED & PAID-UP CAPITAL:

Issued, Subscribed & Paid-up Capital of the Company, as at closure of financial year 2024-25, was Rs. 10,87,46,360 divided into 10874636 Equity Shares of ^ 10.00 each.

10. TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND:

Since there was no unpaid/ unclaimed dividend, the provisions of Section 125 of the Companies Act, 2013 does not apply during the financial year.

11. TRANSFER TO RESERVES:

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

12. CHANGE IN THE NATURE OF THE BUSINESS:

During the year, there is no change in the nature of the business of the Company.

13. LISTING ON STOCK EXCHANGES:

Your Companys shares are listed on BSE Limited.

14. DIRECTORS AND KEY MANAGERIAL PERSONNEL:

The directors and KMP of the company as on March 31, 2025, are as under:

Name and Designation

Paritoshbhai Pravinchandra Modi- Managing Director

Gayatridevi Devishankar Pandey - Independent Director

Jigneshkumar Nareshbhai Katariya - Non- Executive Non-independent Director

15. NUMBER OF BOARD MEETINGS:

During the year under review, 7 (seven) board meeting was held.

16. BOARD EVALUATION:

During the financial year, no evaluation of the board is being carried out The new management is in the process of taking over the affairs of the Company, and will be conducted in due course of FY 2025-2026.

17. DIRECTORS RESPONSIBILITY STATEMENT:.

Pursuant to Section 134(5) of the Act, the Reconstituted Board of Directors, based on the knowledge/information gained by them, from the records of the Company, state that:

a. Followed in the preparation of the annual accounts, and the applicable accounting standards with proper explanation relating to material departures.

b. 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. 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;

d. Prepared the annual accounts on a going concern basis.

e. Laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively; and

f. the Directors, are in the process of reviewing existing internal financial controls and strengthening it wherever required taking into consideration future scale of operation of the Company. However, the Directors are of the opinion that existing internal financial controls are commensurate with its current level of commercial activity.

19. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

As required by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with the Stock Exchange, the Management Discussion and Analysis report form part of the Annual Report and is annexed herewith as Annexure - A.

20. CORPORATE GOVERNANCE:

Your Company strives to incorporate the appropriate standards for corporate governance. As stipulated in Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Report on Corporate Governance and Certificate of the Practicing Company Secretary with regards to compliance with the conditions of Corporate Governance is annexed to the Boards Report as Annexure - B.

21. ADEQUACY OF INTERNAL FINANCIAL CONTROLS:

The management of the Company is currently in the process of implementing effective internal control systems pertaining to financial reporting

22. DEPOSITS:

Your Company has neither invited not accepted any fixed deposit from the public during the year under review.

23. RELATED PARTY TRANSACTIONS:

No related party transactions had taken place during the year under review.

24. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

During the year under review, the Company has not given any loan, guarantee or provided security in connection with the loan to any other body corporate or person or made any investments. Hence no particulars of the loans, guarantees or investments falling under the provisions of Section 186 of the Companies Act, 2013 are provided by the Board.

25. EXTRACT OF ANNUAL RETURN:

The company is not maintaining a functional website for the year under review.

26. A STATEMENT INDICATING DEVELOPMENT AND IMPLEMENTATION OF A RISK MANAGEMENT POLICY FOR THE COMPANY INCLUDING IDENTIFICATION THEREIN OF ELEMENTS OF RISK, IF ANY, WHICH IN THE OPINION OF THE BOARD MAY THREATEN THE EXISTENCE OF THE COMPANY:

The main objective of Risk Management is risk reduction and avoidance as also identification of the risks faced by the business and optimize the risk management strategies. The new management is in process of implementation of well-defined Risk Management framework for drawing up, implementing, monitoring and reviewing the Risk Management.

28. DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILITY INITIATIVES:

The Company has not developed and implemented any Corporate Social Responsibility initiatives as the said provisions are not applicable.

30. 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 FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT:

Except as disclosed in this report, there were no material changes and commitments affecting the financial position of the Company which have occurred between the end of the financial year and the date of this report.

31. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:

Conservation of energy, technology absorption and foreign exchange earnings and outgo Due to the unavailability of confirmation regarding the disclosure of Conservation of energy, technology absorption and foreign exchange earnings and outgo, the reconstituted Board is not in a position to confirm the status of the disclosure during the reporting period.

32. PARTICULARS OF EMPLOYEES:

There are no employees during the year under review.

33. AUDITORS:

1. STATUTORY AUDITORS

In terms of provision of Section 139(2) of the Companies Act, 2013, M/s. Purushottam Khandelwal & Co., (FRN: 123825W), Chartered Accountants, Ahmedabad (FRN: 123825W) may be re-appointed for further period of 5 (five) years i.e. from the conclusion of 28th Annual General till 33^rd Annual General Meeting of the Company to be held in the year 2029.

2. COST AUDITORS:

The Company has not appointed the Cost Auditor as pursuant to Section 148 of the Companies Act, 2013 read with the Companies (Cost Records and Audit) Amendment Rules, 2014, as the provisions of the cost audit are not applicable to the Company.

3. SECRETARIAL AUDITORS & SECRETARIAL COMPLIANCE REPORT:

The Company has appointed Mr. Somani & Associates, Practicing Company Secretary, to conduct the secretarial audit of the Company for the financial year 2024-25, as required under Section 204 of the Companies Act, 2013 and Rules thereunder. The Secretarial Audit Report for the financial year 2024-25 is annexed to this report as an Annexure -C. The secretarial Auditor Report is Self-Explanatory.

34. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION (12) OF SECTION 143 OTHER THAN THOSE WHICH ARE REPORTABLE TO THE CENTRAL GOVERNMENT:

During the year under review, there have been no instances of fraud reported by the Statutory Auditors under Section 143(12) of the Act and Rules framed thereunder, either to the Company or to the Central Government.

35. AUDIT COMMITTEE/ NOMINATION AND REMUNERATION COMMITTEE/ STAKEHOLDERS RELATIONSHIP COMMITTEE:

Pursuant to the order dated 14^th June, 2022 passed by the Honble NCLT, Ahmedabad Bench under the Insolvency and Bankruptcy Code, 2016, the Company has been sold as a going concern. In terms of the said order, the erstwhile Board of Directors was removed, and the management is in the process of reconstituting the Board and implementing the directions of the Honble Tribunal. The Company has started appointing new management w.e.f 24^th July 2024 and all of the directors of the new management attended all meetings w.e.f 24/04/2024 to 31/03/2025. Though the company was in the process of complying with composition as per Regulation 17,18, 19 and 20 of the SEBI ( LODR) Regulation, 2015 with respect to composition. The composition of the Board and Committees was duly constituted successfully on 6th September, 2025.

Audit Committee:

Composition:

The Audit Committee comprises of experts specializing in accounting / financial management. The chairman of the Audit Committee is a "Non-executive Independent Director".

The Audit committee was reconstituted on 06.09.2025 as below:

Name of the Members	Position	Category
Mr. Paritoshbhai Pravinchandra Modi	Member	Executive
Ms. Gayatridevi Devishankar Pandey	Chairman	Independent, Non - Executive
Ms. Pooja Baban Shirke (Appointed W.e.f 06.09.2025)	Member	Independent, Non - Executive

Nomination and Remneration Committee

Name of the Members	Position	Category
Mr. Jigneshkumar Nareshbhai Katariya	Member	Non- independent Non -Executive
Ms. Gayatridevi Devishankar Pandey	Chairman	Independent, Non - Executive
Ms. Pooja Baban Shirke	Member	Independent, Non - Executive

Stakeholders Relationship Committee

Name of the Members	Position	Category
Mr. Paritoshbhai Pravinchandra Modi	Member	Executive
Ms. Gayatridevi Devishankar Pandey	Chairman	Independent, Non - Executive
Ms. Pooja Baban Shirke	Member	Independent, Non - Executive

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

Not applicable during the financial year under review as there is no employee in the company during the year.

37. DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE TIME SETTLEMENT AND VALUATION WHILE AVAILING LOAN FROM BANKS AND FINANCIAL INSTITUTIONS:

During the year under review, there has been no one time settlement of loans taken from banks and financial institution.

38. RESERVES:

In view of the losses incurred during the financial year ended March 31, 2025, no amount has been transferred to Reserve.

39. VIGIL MECHANISM:

Due to the lack of confirmation regarding compliance under the Vigil Mechanism system, the reconstituted Board is unable to verify compliance with this disclosure

39. ACKNOWLEDGEMENTS:

Reconstituted Board would like to express their sincere appreciation for the assistance and co-operation received from the financial institutions, banks, Government authorities, customers, vendors and members during the year under review and also wish to place on record its deep sense of appreciation for the committed services by the Companys executives, staff and workers.