Teamtech Formwork Solutions Ltd Directors Report

To

The Member

TEAMTECH FORMWORK SOLUTIONS PRIVATE LIMITED

Hyderabad

Your Directors take the pleasure In presenting before you the Seventh Boards Report of the Company for the financial year 2024-25.

FINANCIAL HIGHLIGHTS & STATE OF COMPANYS AFFAIRS:

PARTICULARS	FOR THE YEAR	FOR THE YEAR
	ENDED 318T	ENDED 31st
	MARCH, 2025	MARCH, 2024
Revenue from operations	3270 87	3030 12
Other Income	26.74	.63
Total Revenue	3297.61	3030.75
Expenses:
Cost of material consumed	1590 07	1765.27
Chanqes in Inventones of Finished goods	(94.35)	(15391)
Employee Benefit Expenses	555 27	335.38
Finance costs	63 38	61 18
Depreciation and amortization expense	86 99	51 04
Other Expenses	283.57	16087
Total Expenses	2484.92	2219.83
Proflt/(Loss) before Tax	812.68	810.92
Tax expense
- Current Tax	13565	135.36
- Pnor Year Taxes	751	1781
- Deferred Tax	27 37	24 95
- MAT credit Entitlement	(135 59)	(135.36)
Profit/ Loss for the period	777.73	768.16
Less: Dividend to shareholders	Nil	Nil
Net Profit after Dividend payment	777.73	768.16

REVIEW OF OPERATIONS: (Amt In MakhsJ

During the year under review the Company has achieved a total revenue from Operations of Rs. 3270 87/- as against the previous years total revenue from Operations of Rs 3030.12/- The net profit dunng the year after tax is Rs. 777.73/- as against the previous years net profit of Rs 768.16/*

EXTRACT OF THE ANNUAL RETURN:

The Company is having website i.e.www.teamtechengg.com and the Annual return of the company has been published on such website. Link of the same is given: https://teamtechengg.com/

CHANGES IN SHARE CAPITAL:

During the year there is no change in Share Capital of the Company.

DETAILS OF DIRECTORS OR KEY MANAGERIAL PERSONNEL WHO WERE APPOINTED OR HAVE RESIGNED DURING THE YEAR:

The following are the directors of the Company as on 31^st March, 2025:

NAME OF THE DIRECTOR	DESIGNATION
Mr. Eldo Varghese	Managing Director
Mr. Chaitanya Prakash Kotagiri	Director
Mr. Salinraj Kunnummal	Director

During the period Under review, no person was appointed as Director and no one was ceased to be Directors of the company. The company has not appointed as Key Managerial Personnel as required under Section 203 of the Companies Act, 2013 read with rules made thereunder, as the same are not applicable to the Company.

NUMBER OF MEETINGS OF THE BOARD:

The Board of Directors met 07 (Seven) times during the financial year 2024-25 i.e. 06.05.2024, 24.06.2024; 12.08.2024, 19.08.2024, 24.10.2024, 20.01.2025 and 24.01.2025. Details of meetings of the Board are provided hereunder:

Date of meeting	Total no of directors associated on the date of meeting	No of directors attended	% of Attendance
06.05.2024	3	2	66.67
24.06.2024	3	3	100.00
12.08.2024	3	3	100.00
19.08.2024	3	3	100.00
24.10.2024	3	2	66.67
20.01.2025	3	2	66.67
24.01.2025	3	2	66.67

 

Name of the Director	No. of Meeting entitled to attend	No. of Meeting attended
Mr. Eldo Varghese	7	7
Mr. Chaitanya Prakash Kotagiri	7	7
Mr. Salinraj Kunnummal	7	3

DIRECTORS¹ RESPONSIBILITY STATEMENT:

As per Section 134(3)(c) of the Companies Act. 2013 the following are the statements of Board of

Directors:

(a) In the preparation of the annual accounts applicable accounting standards have been followed along with proper explanation relating to matenal 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 t he 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, and

(e) 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

STATUTORY AUDITORS:

M/s. KCK & Associates. Chartered Accountants (Firm Registration No. 0016998S). were appointed as the Statutory Auditors of the Company at the 3^fd Annual General Meeting (“AGM") for a period of five (5) years, to hold office from April 1. 2021 until March 31, 2026 However, M/s. KCK & Associates, Chartered Accountants, have resigned, from the ofTice of Statutory Auditors with effect from January 21. 2025 and the board of Directors have considered and approved the resignation in their meeting held on 24^,n January. 2025

The Board of Directors, at its meeting held on 24 January. 2025. recommended the members of the company to appoint M/s. DRV & Associates, Chartered Accountants. Hyderabad (Firm Registration No O18660S). as the Statutory Auditors of the Company, to fill the casual vacancy caused by the resignation of M/s KCK & Associates The Members of the Company at the Extraordinary General Meeting (*EGM") held on February 10. 2025 appointed DRV & Associates as Statutory Auditors filling the casual vacancy, who shall hold office till the conclusion of the ensuing AGM for the Financial Year 2024-25

Further, the Board of Directors proposes for the members approval as per the Notice of the Annual General Meeting to appointment of M O S & Associates LLP. Chartered Accountants. Hyderabad (Firm Registration No 001975S/S200020). as the Statutory Auditors of the Company for a term of five (5) consecutive years, to hold office from the financial year 2025-26. until the conclusion of the 12th AGM of the Company to be held in the year 2030. covering the Financial Years 2025-26 to 2029-30. on such remuneration and reimbursement of out-of-pocket expenses as may be determined by the Board of Directors in consultation with the Auditors

The Board has received the consent and confirmed their eligibility for their appointment as Statutory Auditors of the Company

SECRETARIAL AUDITORS:

As per Section 204 of the Companies Act. 2013 read with the Rules made thereunder Secretarial audit is not applicable to the Company and hence, the Company has not appointed any Secretarial Auditors

MAINTENANCE OF COST RECORDS AND COST AUDIT:

Pursuant to Section 148 of the Companies Act. 2013 maintenance of Cost records and Cost Audit is not applicable to the Company

DETAILS QF FRAUDS REPORTED BY AUDITORS:

During the period under review, there were no frauds reported to the Central Government under Section 143(12) of the Companies Act. 2013 by your Auditor.

EXPLANATIONS / COMMENTS ON QUALIFICATION, RESERVATION OR ADVERSE REMARK OR DISCLAIMER MADE BY THE AUDITOR AND COMPANY SECRETARY IN THE AUDIT REPORTS:

1. STATUTORY AUDITOR S REPORT:

The Independent Auditors Report given by M/s. DRV And Associates Chartered Accountant. Statutory Auditor of the Company does not contain any qualifications, reservation or adverse remarks except for the comments mentioned below Notes to accounts and Auditors Remarks in their report are self-explanatory and do not call for any further comments

Auditor Comment. Trig reporting under Rule 11(9) of Ifc Companies.(AMLSM4 Auditors). is applicable from 1 April 2023. Based on our examination, the audit trail (edit Ioq) facility was not enabled in the accounting software of the Company dunno the year

Reply of the Board During the penod under review, the management was seriously committed to comply with the requirements and has explored various options to enable the audit trial facility in the accounting software, however, due to various reasons the management could not able to comply with the same duhng the financial year 2024-25 As on the date of this report the management has taken steps with sehous dedication and commitment and complied with the requirement of audit trail facility in the accounting software of the company.

2. SECRETARJAL AUDjTpJR ^PORT:

Pursuant to provisions of Section 204 of the Companies Act, 2013 this being a Private limited company. Secretarial Audit is not applicable to the Company, hence the Company has not appointed Secretarial Auditors.

STATEMENT ON DECLARATION GIVEN BY INDEPENDENT^- DIRECTORS:

The Company being a private limited, it is not required to appoint Independent Directors under Section 149(4) of the Companies Act. 2013 and under Rule 4 of the Companies (Appointment and Qualification of Directors) Rules. 2014. hence no declaration has been obtained

STATEMENT REGARDING OPINION OF THE BOARD WITH REGARD TO INTEGRITY. EXPERTISE AND EXPERIENCE OF THE INDEPENDENT DIRECTORS APPOINTED DURING THE YEAR:

The Company being a private limited, appointment of Independent Directors under Section 149(4) of the Companies Act. 2013 and under Rule 4 of the Companies (Appointment and Qualification of Directors) Rules. 2014 is not applicable. Hence, no independent director was appointed dunng the year and no statement regarding opinion of the Board with regard to integrity, expertise and experience of the Independent directors is required

COMPANYS POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION INCLUDING CRITERIA FOR DETERMINING QUALIFICATIONS. POSITIVE ATTRIBUTES AND INDEPENDENCE OF A DIRECTOR.

The provisions of Section 178(1) of the Companies Act. 2013 relating to constitution of Nomination and Remuneration committee is not applicable to the Company.

PARTICULARS OF LOANS. GUARANTEES AND INVESTMENTS:

There were no loans, guarantees or investments made by the Company under Section 186 of the Companies Act. 2013 during the year under review and hence the said provision is not applicable

PARTICULARS OF. CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

Dunng the year, the Company has not entered into any other contracts/ arrangements/ transactions with related parties except for the transaction entered at arms length basis In accordance with the provisions of Section 188 of the Companies Act. 2013 The disclosure as required Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules 2014 is provided in AOC-2 as Annexure -I.

RESERVES:

During the year under review, the Company has not transferred any amount to the reserves. PIViP.iNDS.

The Board of Directors has not recommended any dividend for the financial year ended 31st March 2025 in order to retain profits for future purpose

CORPORATE SOCIAL RESPONSIBILITY

The Board of Directors after considering the Financial Statements of the Company as on 31* March. 2024. the Net Profit Before Tax are exceeding the threshold limits pursuant to the provisions of Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules. 2014, hence, the company has to comply with the provisions of CSR

As per the Latest amendments to Section 135(9) of the Companies Act, the constitution of CSR Committee is not mandatory when the total amount required to be spent under Section 135(5) in a year, less than INR 50.00.000 per year Hence. Company has not constituted any CSR Committee the CSR liability is less than the limits for the penod under review and the functions of such Committee shall, in such cases, be discharged by the Board of Directors of the company

As required under Section 135 of the Companies Act. 2013, Company has formulated a Policy on CSR which was approved by the Board of Directors in their meeting held on 24^!r October. 2024 The Company s policy on CSR envisages expenditure in areas falling within the purview of Schedule VII of the Companies Act. 2013.

The brief outline of the Corporate Social Responsibility (CSR) Policy of the Company and the initiatives undertaken by the Company on CSR activities during the year in the format prescribed in the Companies (Corporate Social Responsibility Policy) Rules. 2014 are set out in Annexure II of this report.

MATERIAL CHANGES AND COMMITMENTS OCCURRED. AFFECTING THE FINANCIAL POSITION OF THE COMPANY BETWEEN THE END OF THE FINANCIAL YEAR AND THE DATE

OF THIS REPORT:

There were no material changes occurred or commitments made by the management from the end of the year to the date of this report which effect the financial position of the Company

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

A) Conservation of Energy:

Adequate measures have been taken to reduce energy consumption, wherever possible There were no additional investments made for the conservation of energy during the period under review

B) Research and Development (R & D):

Specific areas in which R & D earned out by the Company	NIL
Benefits derived as a result of the above R&D	NIL
Future plan of action	NIL
Expenditure on R & D	NIL

Cl Technology Absorption. Adaptation and Innovation:

Technology imported	NIL
Year of import	NA
Has technology has been fully absorbed	NA
Technical collaborator	NA

PI Foreign Exchange earnings and outgo: (Rs. in Lakhs)

Particulars	As on 31.03.2025	As on 31.03.2024
Foreign Exchange Earnings:	64.22	0
Foreign Exchange Outgo:	13 62	0

Value of Imports on CIF basis: (Rs. In Lakhs)

Expenditure	As on 31.03 2025	As on 31.03.2024
Purchase of Raw Materials	26823	26.91

RISK MANAGEMENT POLICY:

The Company has formulated a Risk Management policy. Risks are classified In different categories such as Financial. Operational. Legal and Strategic risks These risks are reviewed from time to time and controls are put in place with specific responsibility of the concerned Officer of the Company However, the Board could not identify any major risks, which may threaten the immediate existence of the Company dunng the year

ANNUAL EVALUATION OF THE PERFORMANCE OF THE BOARD, ITS COMMITTEES AND OF INDIVIDUAL DIRECTORS:

Pursuant to the provisions of the Companies Act 2013 the Board is not required to carry out Annual Evaluation of its own performance and that of its Committees and the individual directors

CHANGE IN THE NATURE OF BUSINESS:

There is no change in the nature of the business of the Company during the year under review.

NAME? p_f COMPANIES WHICH HAVE BECOME OR CEASED JQ E?E IJS SUBSIDIARIES,JOINT yENTURESpR.ASSOC.IATE COMPANIES DURING THE YEAR:

During the year, no Company has become or ceased to be the Subsidiaries. Joint Ventures or Associates of the Company Hence, the Company is not required to provide any disclosures in AOC-1

DEPOSITS:

The Company has not accepted any deposits within the meaning of Section 73 of the Companies Act. 2013 read with the Companies (Acceptance of Deposits) Rules. 2014

SIGNIFICANT AND MATERIAL ORDERS:

No orders were passed by the regulators or courts or tribunals impacting the going concern status and the future operations of the Company.

INTERNAL _AUDjT:

The provisions of Section 138 of the Companies Act. 2013 read with Rule 13 of the Companies (Accounts) Rule. 2014. relating to the appointment of an internal auditor, are not applicable to the company for the financial year 2024-25

INTERNAL FINANCIAL CONTROLS:

The Company is well equipped with adequate internal financial controls. The Company has a continuous momtonng mechanism which enables the organization to maintain the standards of the control systems in taking corrective actions on a timely basis The board of Directors remains committed to maintaining sound systems of internal control to safeguard shareholders investments and companys assets

PARTICULARS OF EMPLOYEES:

None of the Employees were in receipt of remuneration in excess of the limits prescribed in the Act and the Rules framed there under.

INTERNAL COMPLAINTS COMMITTEE UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT. 2013:

Your Company believes in providing an environment that is free from discrimination and harassment including sexual harassment for every individual working in the premises. The Company has constituted a Committee for Anti Sexual Harassment and Discrimination (SAHD) which allows employees and others associated to report sexual harassment cases at the workplace The cases are heard and resolved by the Internal Complaints Committee (ICC) constituted under the provisions of the Act During the year, disclosure required under Companies (Accounts) Second Amendment Rules. 2025

a Number of Complaints of Sexual Harassment received in the year - Nil

b. Number of Complaints disposed off during the year - Nil

c Number of cases pending for more than ninety days - Nil

DISCLOSURE ON COMPLIANCE WITH MATERNITY_BENEFjT_ACT^ l961

The provisions of the Maternity Benefit Act, 1961 were not applicable to the Company during the financial year ended 31" March 2025. as there were no eligible women employees entitled to maternity benefits during the said period However, the Company affirms its commitment to comply with the Act as and when it becomes applicable

COMPLIANCE WITH SECRETARIAL STANDARDS ON BOARD AND GENERAL MEETINGS:

The Company has complied with the Secretarial Standards issued by the Institute of Company Secretanes of India on Board meetings and General meeting.

TRANSFER_9.F M9UNJS TO INVESTOR EDUCATION AND PROJECTION FUND:

Your Company did not have any funds lying unpaid or unclaimed for a penod of seven years Therefore, there were no funds which were required to be transferred to Investor Education and Protection Fund (IEPF).

DEATAILS 0_F-APPLICATION MADE OR PROCEEDINGS PENDING UNDER INSOLVENCY AND BANKRUPTCY CODE 2016:

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

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

During the period under review, there has been no one time settlement of Loans availed for the loans taken from Banks and Financial Institutions

ACKNOWLEDGEMENTS:

Your Directors would like to express their sincere appreciation to the Financial Institutions. Banks. Officials of Central and State Governments and the Companys valued stake holders for their continued cooperation and support. Your Directors also take this opportunity to acknowledge the dedicated efforts made by staff and officers at all level for their contribution to the success achieved by the Company