Sundrex Oil Company Ltd Directors Report

To,

The Members,

The Board of Directors has pleasure in submitting their Annual Report together with Audited Statements of Accounts of your Company for the financial year ended as on 31^st March, 2024.

1. Financial Highlights

(Amount in Rs)

(Rs. In Lakhs)

Particulars	23-24	22-23
T otal Revenue	4,242.88	2,965.78
Total Expenses	3,921.77	2,910.60
Profit or Loss before Tax	321.11	55.18
Less: Current Tax	74.97	19.00
Deferred Tax	8.34	(3.65)
Profit or Loss after tax	237.81	39.82
Add: Balance as per last Balance Sheet	40.84	0.69
Add : Excess Provision of earlier year	-	0.32
Balance Carried to Balance Sheet	278.64	40.84

2. Dividend:

No Dividend was declared for the financial year ended as on March 31^st, 2024 to conserve the resources.

3. Transfer of unclaimed dividend to Investor Education And protection Fund:

The provisions of Section 125(2) of the Companies Act, 2013 do not apply as there was no dividend declared and paid last year.

4. Review of Business Operations and Future Prospects:

The turnover of the company has been increased by 47.68% over previous year. During the financial year 2023-2024, the Company has earned Net Profit of Rs. 321.11 (Rs in Lakhs) against previous year Net Profit of Rs. 55.17 (Rs in Lakhs). The Directors are optimistic about Companys business and hopeful of better performance with increased revenue in next year. There was no change in the nature of business of Company.

5. 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:

No Material Changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which this financial statements relate on the date of this report.

6. Explanation or Comments on Qualifications. Reservations or Adverse Remarks or Disclaimer made by the Auditors and the Practicing Company Secretary in their Reports :

There are no qualifications, reservations or adverse remarks made by the Auditors in their report. The Provisions relating to submission of Secretarial Audit Report is not applicable to the Company.

7. Annual Return

The extracts of Annual Return pursuant to the provisions of Section 92 read with Rule 12 of the Companies (Management and Administration] Rules, 2014 is furnished in Annexure and is attached to this report.

8. Number of Board Meetings conducted during the year under review:

The Company has conducted Five (01/04/2023, 30/07/2023, 06/09/2023, 28/11/2023 and 09/03/2024] Board meetings during the financial year under review. Details of number of meetings attended by each director are as below:

Sr No.	Name of Directors	No of Meetings Attended
1.	Seema Sonthalia	4
2.	Shashank Sonthalia	5
3.	Radha Gobindo Chowdhury	4
4.	Mahesh Sonthalia	5

9. Directors Responsibility Statement:

The Directors Responsibility Statement referred to in clause (c) of sub-section (3] of Section 134 of the Companies Act, 2013, shall state that—

(a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

(b) The Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the Profit of the company for that period;

(c) The Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(d) The Directors had prepared the annual accounts on a going concern basis;

(e) The Company being unlisted, sub clause (e) of section 134(3) of the Companies Act, 2013 pertaining to laying down internal financial controls is applicable to the Company.

(f) 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.

10. Deposits:

During the year under review the Company has not accepted or renewed any deposits from Public under Section 73 to 76 of Companies Act, 2013 read with Companies (Acceptance of Deposits] Rules, 2014 during the year under review.

11. Share Capital:

The paid up Equity Share Capital as on 31^st March, 2024 was Rs. 98.00 (Rs in Lakhs]. During the year under review, the Company has not issued any share.

12. Employees:

None of employee who were in receipt of remuneration as required to be disclosed under 5(2] of the Companies (Appointment and Remuneration of Managerial Personnel] Ruls, 2014.

13. Change in Directors:

During the year. Mr. Mahesh Sonthalia was appointed as a Director of the company on Annual General Meeting.

14. Particulars of the technology absorption, conservation of energy and foreign exchange earning & outgo:

The details of conservation of energy, technology absorption, foreign exchange earnings and outgo are as follows:

Conservation of Energy	: Nil
Technology Absorption	: Directors have tried to reduce cost of production or developing in- house Technology.
Foreign Exchange Earnings:	17.58 (Rs. in Lakhs)
Foreign Exchange Expenses:	29.14 (Rs. in Lakhs)

15. Internal Financial Control:

The Company has adequate internal financial control system, commensurate with the size, scale and complexity and its operations.

16. Auditors:

M/s. P Mundhra & Associates, Chartered Accountants was appointed as Statutory Auditors for five years in the Annual General Meeting of the Company held on 30^th of November, 2021.

17. Reservation and qualification on Auditors Report and Secretarial Audit Report:

The Auditors has reported qualification. Secretarial Audit is not applicable.

18. Declaration of Independent Directors:

The provisions of section 149 pertaining to the appointment of Independent Directors do not apply to our Company.

19. Particulars of loans, guarantees or investments under section 186:

The Company has not entered any transaction of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013.

20. Transfer to Reserves:

During the Financial year under review no amount was transfer to any Reserve.

21. Disclosure Of Composition Of Audit Committee And Providing Vigil Mechanism:

The provisions of Section 177(8] of the Companies Act, 2013 read with Rule 6 and 7 of the Companies (Meetings of the Board and its Powers] Rules, 2013 are not applicable to the Company.

22. Particulars of contracts or arrangements with related parties:

There was no other contract or arrangement made with related parties as defined under section 188 of the companies Act, 2013 during the year under review except the transaction entered into by the company in the ordinary course of business on an arms length basis.

23. Shares:

a. Buy Back of Securities

The Company has not bought back any of its securities during the year under review.

b. Sweat Equity

The Company has not issued any Sweat Equity during the year under review.

c. Bonus Shares

No bonus shares were issued during the year under review.

d. Employees Stock Option Plan

The company has not provided any Stock Option Scheme to the Employees.

24. Acknowledgements:

An acknowledgement to all with whose help, cooperation and hard work the Company is able to achieve the results.

25. Subsidiaries and Associates Company

The company has two subsidiaries as on March 31, 2024.

i. OPRS Enterprise Pvt. Ltd.

ii. Ecolixir Greentech Pvt Ltd.

26. The Financial statement of the company are "Rs. in Lakhs" as per amendment of Schedule III of Companies Act, 2013.

Place: Kolkata	Shashank Sonthalia	Mahesh Sonthalia
Date: 05/09/2024	Director	Director
	DIN: 03052899	DIN: 00755021