Reetech International Cargo & Courier Ltd Directors Report

EPS (In Rs.)

PERFORMANCE OF THE COMPANY:

The company has incurred profit in our pre executed deals completed in the first and second quarter of the financial year 2024-2025. Thus Companys half yearly Financial Statements reflected a Profit of Rs. 8.97 Lakhs (PBT) in its first half yearly Financial Results for the period ended as on September 30, 2024. The company in the second half yearly performance for the period ended as on March 31, 2025, and the profit before taxes stood at Loss of Rs. (35.87) Lakhs.

The companys Annual Financial Results as on 31st March, 2025 reported its revenue from operations from trading of imported coal to Rs.1192.61 lakhs which is decline by 59.25% as compared Rs. 2927.32 lakhs reported as on financial year end 31st March, 2024.

TRANSFER TO RESERVES:

The appropriations to General Reserve for the Financial Year ended March 31, 2025 as per the financial statements are:

DISCLOSURES OF AMOUNTS, IF ANY, TRANSFER TO ANY RESERVES

Loss of Rs. 25.37 Lakhs has been transferred to the general reserve during the year."

DIVIDEND:

The company regrets its inability to distribute any dividend to its shareholders as company has not attaining certain amount of profit as much as required .Thus provisions of section 125(2) of the companies Act, 2013 do not apply.

SHARE CAPITAL:

Your Company during the financial year 2024-25, has increased the authorized capital from Rs. 6,00,00,000/- (Rupees Six Crores Only) divided into 60,00,000, (Sixty Lakhs) Equity Shares of Rs. 10/- (Rupees Ten Only). To Rs. 15,00,00,000/- (Rupees fifteen Crores Only) divided into 1,50,00,000, (One Crore fifty Lakhs) Equity Shares of Rs. 10/- (Rupees Ten Only).

As known to all of us, the above proposals were duly passed in the Annual General Meeting held on 27^th September, 2024, and it was resolved to alter the Memorandum and Articles of Association. All the formalities regarding alterations have been duly completed.

The Paid-up share Capital of the Company Rs. 4,22,71,000 (Rupees Four Crores Twenty-two Lakhs Seventy-one Thousand only) divided into 42, 27,100 (Forty-two Lakhs Twenty-seven Thousand One Hundred) Equity share of Rs. 10/- each.

DEPOSITS FROM PUBLIC:

Your Company has not accepted any Deposits under the applicable provisions of Companies Act, 2013 and is therefore not required to give any disclosure regarding the same.

CHANGE IN THE NAME OF THE COMPANY

There has been Change in the Name of the Company from Reetech International Cargo and Courier Limited to Reetech International Limited in the Extra-Ordinary General Meeting of the Company held on 28^th March, 2025. Certificate of Incorporation pursuant to name change has been received on dated 25^th April, 2025.

CHANGES IN THE NATURE OF BUSINESS:

There have been no changes in the main objects & nature of business of your company during the financial year ended March 31, 2025.

The company with its vision of expansion into other segments of trading for the purposes of dealing in or trading in iron-ore products has applied license to grant of Permit for Storage/Warehousing of Iron-Ore from the Mining department, Raipur Chhattisgarh. Mining department has moved the companys file to the Pollution Control department and Raipur Tehsil Office for submission of their Inspection report and thus report is awaited and pending for submission by their end.

MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THIS FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT:

The Following material changes and commitments have occurred between the end of the financial year to which these financial statements relate and the date of the report and their impact on financial position of the company are as follows:

DIRECTORS & KEY MANAGERIAL PERSONNEL:

The Company has a right mix of Board of Directors. The Structure and Composition of Board has optimum number of executive and non-executive directors and key Managerial Personnel to have good governance and to carry out the Board Functions efficiently and effectively.

The Detailed below is the Composition of Board of Directors & KMP as on 31/03/2025:

In view of Section 152(6) of the Companies Act, 2013 and the rules made there under, not less than two-thirds of the total number of directors of public company shall be liable to retire by rotation out of which one-third shall accordingly retire at every ensuing annual general meeting and being eligible can offer themselves for re-appointment at every annual general meeting.

Consequently, Mr. Vijay Kumar khilnani, non-executive director of the company will retire by rotation at the ensuing annual general meeting and being eligible offer himself for re-appointment in accordance with the provisions of the Companies Act, 2013. Directors declare that no directors are disqualified from being appointed as Director of the Company under Section 164 of the Companies Act, 2013.

COMMITTEE OF BOARDS:

The Board of Directors functions through the following four committees of the Company. All the Committees of the Board are constituted on July 15^th, 2022.

BOARD EVALUATION:

The Board of Directors has carried out an annual evaluation of its own performance, board committees and individual directors pursuant to the provisions of the Companies Act, 2013. The performance of the Board was evaluated by the board after seeking inputs from all the directors on the basis of the criteria such as the board composition and structure, effectiveness of board process, information and functioning etc.

The Board was of the view that the performance of the Board as a whole was adequate and fulfilled the parameters stipulated in the evaluation framework in its pro-growth activity. The Board also ensured that the Committee functioned adequately and independently in terms of the requirements of the Companies Act, 2013. Further, the individual directors fulfilled their applicable responsibilities and duties laid down by the Companies Act, 2013 and at the same time contributed with their valuable knowledge, experience and expertise.

FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS

In compliance with the requirements of the SEBI Listing Regulations, the Company has formulated a policy to familiarize the Independent Directors with the Company and the details of Familiarization Programme are available on the website of the Company: www.reetechinternational.com

DECLARATION OF INDEPENDENCE BY INDEPENDENT DIRECTORS:

Pursuant to section 134(3)(d) of the act, your company confirm having received necessary declarations from all the independent directors under section 149(7) of the companies act, 2013 declaring that they meet the criteria of independence laid down under section 149(6) of the companies act, 2013.

TRANSFER TO INVESTOR EDUCATION AND PROTECTION FUND

Pursuant to Sections 124 and 125 of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (“IEPF Rules”), it is hereby stated that the provisions of the aforementioned sections and rules are not applicable to the Company.

BOARD & COMMITTEE MEETINGS:

During the financial year under review 7 (Seven) Board meetings, 4 (four) Audit Committee meetings, 2 (Two) Nomination & Remuneration Committee meetings, 2 (Two) CSR Committee meetings & 2 (Two) Stakeholder Relationship Committee meetings were held:

The intervening gap between the Board meetings was within the period prescribed under the Companies Act, 2013 i.e., not more than 120 days from the previous meeting. The Committee meetings are held as per governing provisions of the Companies Act, 2013 & the various policies adopted by the company.

DIRECTORS ATTENDANCE RECORD: GENERAL BODY MEETING (ANNUAL GENERAL MEETING & EXTRA ORDINARY GENERAL MEETING)

The last Annual General Meeting (16^th AGM) for the financial year ended March 31, 2024 was held on 27^th September, 2024. During the year One Extra Ordinary general meeting of the members of the company was held during financial year dated 28^th March, 2025. The attendance record of the Directors at the Board Meetings during the year ended on March 31, 2025, and at the last Annual General Meeting and Extra Ordinary General Meeting is as under:

SEPARATE MEETING OF INDEPENDENT DIRECTORS:

Pursuant to code for Independent Directors as per schedule IV read with section 149(8) of the companies Act, 2013 and the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 a separate meeting of Independent Directors of the company was held on February 24^th, 2025, without the attendance of Non-Independent Director and Members of management to review the performance of non-Independent Directors (including the Chairman) and the Board as a whole. All the Independent Directors were present at the said meeting. The independent directors also reviewed the quality, quantity and timeliness of flow of information between the Management and the Board and its Committees which is necessary for the Board to effectively and reasonably perform and discharge their duties.

Independent Directors have confirmed that they are not aware of any circumstance or situation which exists or may be reasonably anticipated that could impair or impact their ability to discharge their duties.

CORPORATE GOVERNANCE:

Pursuant to the provisions of regulation 15(2) of SEBI (LODR) Regulations, 2015, the Compliance with the Corporate Governance Report provision as specified in Regulation 27 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is not applicable to our company as we been entity listed on SME Exchange of Bombay Stock Exchange of India Limited.

ANNUAL RETURN:

In terms of section 92(3) of the companies act, 2013 and rule 12 of the companies (management and administration) rules, 2014, the annual return of the company is available on the website of the company www.reetechinternational.com

PREVENTION OF INSIDER TRADING CODE:

The Company has adopted a Code of Conduct for Prevention of Insider Trading dated July 15, 2022, with a view to regulate trading in securities by the Directors and designated employees of the Company. The Board of Directors and the designated employees are responsible for implementation of the Code and have confirmed compliance with the Code.

INFORMATION PURSUANT TO RULE 5 (2) OF COMPANIES (APPOINTMENT & REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014 & PARTICULARS OF EMPLOYEES:

The Company has not appointed any employee(s) in receipt of remuneration exceeding the limits specified under Rule 5 (2) of Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014. The disclosure pursuant to this is enclosed in Annexure I of this report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO (IF APPLICABLE):

The information on conservation of energy and technology absorption under section 134(3)(m), of the Companies Act, 2013 read with Companies (Accounts) Rules, 2014 is not required to be given for the business segment in which your Company operates as the Company did not have any foreign exchange earnings or outgo during the financial year under review.

SECRETARIAL AUDITOR:

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, and SEBI (LODR) Regulation, 2015 the Company has Re-appointed M/s. Nitin Agrawal & Co., Practicing Company Secretaries, Raipur (C.G.) having (M No: -F-9684 & CP No.:11931) as the Secretarial Auditor of the Company for the F.Y. 2024-25 to undertake Secretarial Audit.

The Secretarial Audit Report received from the Secretarial Auditor of the Company for the Financial Year 2024-25 is annexed herewith as ANNEXURE-II

Further, pursuant to amended Regulation 24A of SEBI Listing Regulations, and subject to your approval being sought as the ensuing AGM M/s. Nitin Agrawal & Co., Practicing Company Secretaries, Raipur (C.G.) having (M No:-F-9684 & CP

No.:11931) (Peer reviewed certificate no. 2989/2023) has been appointed as a Secretarial Auditor to undertake the Secretarial Audit of your Company for the first term of five consecutive financial years from FY 2025-26 till FY 2029-30. CS Nitin Agrawal, Practicing Company Secretary has confirmed that he is not disqualified to be appointed as a Secretarial Auditor and is eligible to hold office as Secretarial Auditor of your Company

INTERNAL AUDITORS:

Pursuant to provision of Section 138 of the Companies Act, 2013 Rule 13 of The Companies (Accounts) Rules, 2014, the Company has Re-appointed M/s P S N V & Associates LLP, Chartered Accountant, Raipur, (C.G.) having (FRN: C400305) as the Internal Auditor of the Company for F.Y. 2024-25 to undertake Internal Audit.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to Section 134 (3) (c) read with Section 134 (5) of the Companies Act, 2013, your Directors state that:

a) In the preparation of the annual accounts, the applicable accounting standards have been followed with proper explanation relating to material departures, if any;

b) They have, in the selection of the accounting policies, consulted the Statutory Auditors and have 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 31^st March, 2025 and of its profit and Loss for the year ended on that date;

c) They have taken proper and sufficient care to the best of their knowledge and ability 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; and

d) They have prepared the annual accounts for the year ended 31^st March, 2025 on a ‘going concern basis; and

e) They have laid down internal financial Control to be followed by the company and that such internal financial control was adequate and operating effectively.

f) They have devised proper internal financial Control systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

AUDITORS REPORT ON STANALONE & CONSOLIDATED FINANCIAL STATEMENTS:

The Independent Auditors Report on Standalone and Consolidated Financial statements of the company along with the Annexure as issued by the Auditors are appended in this Annual Report, wherein the Auditors have not made any qualification/ adverse remarks based on the auditing.

STATUTORY AUDITORS:

Pursuant to provisions of Section 139 and rules made thereunder, M/s. Gupta Agarwal & Associates, Chartered Accountants, Kolkata, having (Firm Registration No. 329001E) is appointed as the Statutory Auditors of the Company on 14^th Annual General Meeting held dated August 30, 2022 to hold office for a term of five year from the conclusion of 14th Annual General Meeting to the conclusion of 19^th Annual General meeting of the Company to be held in the year 2027.

MAINTENANCE OF COST RECORDS AND COST AUDIT:

The provisions of section 148 of Companies Act, 2013 read with Companies (Cost Record and Audit) Rules, 2014 which provides for maintenance of cost records and the audit of such cost records are not applicable to your Company.

DISCLOSURE OF VIGIL MECHANISM & REPORTING UNDER WHISTLE BLOWER POLICY

Your Company has formulated a policy namely “Vigil Mechanism / Whistle Blower Policy” on July 15, 2022. During the financial year under review no case or complaint was received pertaining to whistle blower policy. The said Whistle Blower Policy is available on the website of the Company at https://reetechinternational.com/

DISCLOSURE OF CASES RELATING TO SEXUAL HARASSMENT OF WOMEN AT WORKPLACE:

Your Company has formulated a Policy for prevention of Sexual Harassment of Women at Work place namely “Anti-Sexual Harassment Policy” on July 15, 2022. During the financial year under review no case was filed under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. The said Anti-Sexual Harassment Policy is available on the website of the Company at https://reetechinternational.com/

PROVISIONS RELATING TO THE MATERNITY BENEFITS ACT, 1961

During the year the under review the company has complied with the provision of Maternity Benefits Act, 1961. As amended by the Maternity Benefit Act, 2017 which inter-alia provides maternity leaves to the woman employee. The company has taken adequate measures to ensure compliance with the requirement, and necessary facilities are extended to woman employee to support their health, welfare and work life balance.

DISCLOSURE ON SECRETARIAL STANDARD:

The Directors have devised proper systems to ensure compliance with the provisions of all applicable Secretarial Standard, as issued by ICSI, pursuant to the provision of Section 118(10) of Companies Act, 2013 and that such systems are adequate and operating effectively.

EXPLANATION OR COMMENTS ON QUALIFICATIONS, RESERVATIONS OR ADVERSE REMARKS OR DISCLAIMERS MADE BY THE AUDITORS AND THE PRACTICING COMPANY SECRETARY IN THEIR REPORTS

There was no qualifications, reservations or adverse remarks made by the either by the Auditors or by the Practicing Company Secretary in their respective reports.

COMPANYS POLICY RELATING TO DIRECTORS APPOINTMENT, PAYMENT OF REMUNERATION AND DISCHARGE OF THEIR DUTIES

The Company has in place formed and constituted a committee called “Nomination and Remuneration Committee” of the Board of Directors on July 15, 2022 under the provisions of Section 178(1) of the companies Act, 2013.

Also, the Company has devised a policy relating to appointment of Directors, payment of Managerial remuneration, Directors qualifications, positive attributes, independence of Directors and other related matters as provided under Section 178(3) of the Companies Act, 2013.

The Terms of Reference of NRC Policy is briefed in Annexure III to Board Report.

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES:

Refer Form AOC-1 attached to Board Report for details of companies/entities which are subsidiary company, associates and joint ventures, during the year under review.

PERFORMANCE OF ASSOCIATE COMPANY:

M Ahuja Project (India) Private Limited (MAPIPL) is an Associate Company, and is engaged in the business of Construction of buildings and developments of land related services and trading of Coal. The registered office is situated at Sai Kunj, Civil Lines, Raipur, and Chhattisgarh.

During the period under review, the revenue from operations of the Company stands at Rs. 1566.59 Lakhs as compared to last years revenue which was Rs. 29.94 lakhs and the Net profit after tax for the current year showed a Loss of (1122.52) lakhs as compared to last year Net profit after tax Showed a Profit of Rs. 7.51 Lakhs

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186 OF THE COMPANIES ACT, 2013:

The Company has made requisite disclosure as required pursuant to section 186 under the provision of Companies Act, 2013 during the year. The required details form the part of financial statements and also disclosed in the independent audit report as on 31^st March, 2025.

STATEMENT INDICATING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT:

In todays economic environment, Risk Management plays a very important part of business. The main aim of risk management is to identify, assess, prioritize, monitor and take precautionary measures in respect of the events that may pose risks to the business. The Company is not subject to any specific risk except risks associated with the general business of the Company as applicable to the industry as a whole.

However, no element of risk which in the opinion of the Board may threaten the existence of the Company has been identified so far.

CORPORATE SOCIAL RESPONSIBILITY INTIATIVES & ANNUAL REPORT ON CSR ACTIVITIES:

Your Company has in place devised a CSR policy w.e.f July 15, 2022, with the formation of the CSR committee which is detailed in Annexure IV to Board Report.

The provisions of Section 135 of the Companies Act, 2013 relating to Corporate Social Responsibility were applicable to the Company in the previous financial year. However, during the financial year the criteria for applicability under Section 135 were not met, and therefore, the provisions of CSR are not applicable to the Company for the year under review."

ENVIRONMENT AND SAFETY:

The Company is conscious of the importance of environmentally clean and sale operations. The Companys policy requires the conduct of all operations in such manner so as to ensure safety of all concerned, compliance of statutory and industrial requirements for environment protection and conservation of natural resources to the extent possible.

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

There are no significant material orders passed by the Regulators / Courts / Tribunal which would impact the going concern status of the Company and its future operations. Hence, disclosure pursuant to Rule 8 (5) (vii) of Companies (Accounts) Rules, 2014 is not required.

DISCLOSURE IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENTS PURSUANT TO RULE 8 (5) (viii) OF COMPANIES (ACCOUNTS) RULES, 2014:

Your Company has an internal control system commensurate with the size of the Company and the nature of its business. The Declaration by the Managing Director & CFO with respect to this has been given in Annexure V to Board Report.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES MADE PURSUANT TO SECTION 188 OF THE COMPANIES ACT, 2013.

All related party transactions that were entered into during the financial year 2024-25 were on an arms length basis and were in the ordinary course of business. All Related Party Transactions were placed before the Audit Committee for approval. Prior omnibus approval of the Audit Committee is obtained and reviewed on a quarterly basis for the transactions which are of a foreseen and repetitive nature. There have been no materially significant related party transactions between the Company and the Related Parties except for those disclosed in the audited Financial Statements of the company.

During the year, Your Company had not entered into any contract/ arrangement/transaction with related parties which are not at arms length basis which could be considered material or which are required to be reported in Form AOC-2 in terms of Section 134 (3) (h) read with Section 188 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014. Form AOC-2 does not form part of the report.

A Related Party Policy has been devised by the Board of Directors formed on July 15, 2022, for determining the materiality of transaction with the related parties and dealing with them. The said Related Party Policy is available on the website of the Company at https://reetechinternational.com/ Revised policy of Related party transaction has been done on dated 27^th May, 2025.

MEANS OF COMMUNICATION & COMPLIANCES:

Financial Results:

The Half Yearly Audited Results and the Annual Audited Financial Results of the Company are sent to the stock exchanges immediately after they are approved by the Board. Also, they are uploaded on the Companys website www.reetechinternational.com. The results are published in accordance with the guidelines of the Stock Exchange.

Website:

The Companys website www.reetechinternational.com contains a separate dedicated section ‘Investors wherein shareholders information including financial results is available. The Companys Annual Report is also available in a user- friendly and downloadable form.

Annual Report:

The Annual Report containing, inter alia, Audited Financial Statements (standalone and consolidated), Boards Report, Auditors Report and other important information is circulated to Members and others entitled thereto and is displayed on the companys website www.reetechinternational.com.

BSE Corporate Compliance & Listing Centre:

BSEs Listing Centre is a web-based application designed for corporate. All periodical compliance filings like shareholding pattern, among others are also filed electronically on the Listing Centre as per the prescribed timelines under the SEBI Regulations.

SEBI Complaints Redress System (SCORES):

Investors 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 concerned companies and online viewing by investors of actions taken on the complaint and its current status. The Company regularly redresses the complaints if any, on SCORES within stipulated time.

Investor Relations:

Your Company always endeavors to keep the time of response to shareholders request / grievance at the minimum. Priority is accorded to address all the issues raised by the shareholders and provide them a satisfactory reply at the earliest possible time.

The Stakeholders Relationship Committee of the Board meets periodically and reviews the status of the Shareholders Grievances.

Investor Grievance & Reprisal:

The Company has designated the email-id info@reetechinternational.com & cs@reetechinternational.com exclusively for investor related services.

GENERALS SHAREHOLDRS INFORMATION: Ensuing 17^th Annual General Meeting: Day & Date: Friday, September 26^th, 2025 Time: 01:00 p.m.

Venue: Sai Kunj, near kali Mata Mandir, Civil Lines, Raipur, Chhattisgarh, India.

Financial Calendar:

Financial reporting for the 1st Half Year End - November 14, 2024 Audited yearly Results for the year ending March 31, 2025- May 27, 2025

Book Closure:

The Register of Members and Transfer Books of the Company will remain closed from Friday, September 19, 2025 to Friday, September 26, 2025 (both days inclusive).

Listing in stock exchanges and scrip codes:

The ISIN number for the Companys equity share: INE0MKO01015

Outstanding GDRs / ADRs / Warrants / Convertible instruments and their impact on equity: NIL Listing Fees to the Stock Exchange:

The Company has paid listing fees up to March 31, 2025 to SME Platform of BSE Limited, where the Companys shares are listed.

E-Voting:

In terms of Section 108 of the Companies Act, 2013, Rules framed there under and SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, the Company is not requiring to enroll for the e-voting facility to its Members in respect of all Members resolutions proposed to be passed at this Annual General Meeting. All the resolutions shall be passed through Ballot Polling.

Share Transfers Agent: Bigshare Services Private Limited S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, next to Ahura Centre, Andheri East, Mumbai- 400093, Maharashtra, India Phone: 022 6263 8200 Email: investor@bigshareonline.com Website: www.bigshareonline.com

Share Transfer System:

None of the shares are held in physical form.

DEMATERLISATION OF SHARES AND LIQUIDITY

Currently 100% of the Company Share Capital is held in dematerialized form.

The shares of the Company continue to be traded in electronic forum and de-materialization exists with both the depositories viz., National Securities Depository Limited and Central Depository Services (India) Limited.

THE DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 (31 of 2016) DURING THE YEAR ALONGWITH THEIR STATUS AS AT THE END OF THE FINANCIAL YEAR:

During the year under review, there were no applications made or proceedings pending in the name of the company under the Insolvency Bankruptcy Code, 2016.

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: During the year under review, there was no one time settlement of loans from Banks and Financial Institutions.

MANAGEMENT DISCUSSION & ANALYSIS REPORT: Refer Annexure VI attached to this report.

ACKNOWLEDGEMENTS:

The Directors wish to place on record their appreciation to the whole hearted help and co-operation, the Company has received from the business associates, partners, vendors, clients, government authorities, and bankers of the Company. Your directors also wish to place on record their deep sense of appreciation for the committed services by the Companys executives, staff and employees.

By order of the Board For, Reetech International Limited (Formerly known as Reetech International Cargo and Courier Limited)