Travels & Rentals Ltd Directors Report

The Members,

TRAVELS & RENTALS LIMITED

(Formerly Known as Travels & Rentals Private Limited)

Your directors have pleasure in presenting their 29^th Annual Report on the business and operations of the Company together with the Audited Statement of Accounts for the period ended 31st March, 2025.

FINANCIAL RESULTS

The Companys financial performance for the year under review along with previous years figures are given hereunder

(Amount in Lacs)

Particulars	Year ended March 31, 2025	Year ended March 31, 2024
Revenue from Operations and Other Income	1205.45	803.54
Total Expenses	768.27	384.41
Profit before Exceptional Items and T ax	437.18	419.13
Exceptional Items	-	-
Profit Before Tax	437.18	419.13
Less: Current Tax	113.94	118.22
Deferred T ax	1.39	(0.92)
Income Tax earlier years	-	5.28
Profit For the Year	321.84	296.55

STATEMENT OF COMPANYS AFFAIR AND FUTURE OUTLOOK

The turnover/revenue for the financial year ended on March 31, 2025, was Rs 1205.45 lacs as compared to Rs 803.54 Lacs in the immediately previous year. During the year under review, the Company has reported a Net Profit of Rs 321.84 lacs as compared to net profit of Rs 296.55 lacs in the previous year.

The company despite many challenges and competitive market conditions was able to achieve satisfactory Sales and Net Profit (After Tax) figures. The management is of the opinion that in the coming future as the overall situation seems to be improving and Directors are optimistic about Companys business and hopeful of better performance with increased revenue in next year.

Conversion of Company from Private Limited to Public limited

The status of the Company has been converted from Private Limited Company to Public Limited Company w.e.f. 5^th April 2024.

Listing of Equity Shares:

Equity shares of your Company were listed on the BSE Limited on SME Platform on 5^th September 2024. The Scrip Code of the Company is 544242. Listing fees and the custodian charges to depositories have been paid to BSE, NSDL and CDSL respectively.

Public Issue (Initial Public Offer):

During the year under review, your Company successfully completed its Initial Public Offering (IPO) of 30,60,000 equity shares of face value of Rs.10/- each, at a price of Rs. 40/- per equity share (including a premium of Rs. 30/- per equity share) ("issue price"). Our directors placed on record their appreciation of contributions made by the entire IPO team with all the dedication, diligence and commitment which led to successful listing of the Companys equity shares on the BSE SME platform. Further, the success of the IPO reflects the trust and faith reposed in the Company by the Investors, customers and business partners and your directors thank them for their confidence.

CHANGE IN NATURE OF BUSINESS, IF ANY

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

DIVIDEND

The Company has not declared any dividend during the Financial Year under consideration, as the company wants to preserve the financial resources for future expansion.

AMOUNTS TRANSFERRED TO RESERVES

Amount of Rs 918.00 lacs has been transferred from Surplus in Profit & Loss Account to General Reserve during the previous year.

TRANSFER TO UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND

The provision of section 125(2) of companies Act, 2013 do not apply as there was no dividend declared and paid earlier year.

SHARE CAPITAL

a) Authorized Capital:

The Authorized Share Capital of the Company is Rs. 12,00,00,000 as stated below:

Type of	As on March 31, 2025			As on March 31, 2024
	No. of Shares	Face Value (Amount in Rs.)	Total (Amount in Rs.)	No. of Shares	Face Value (Amount in Rs.)	Total (Amount in Rs.)
Equity	1,20,00,000	10/-	12,00,00,000	1,00,00,000	10/-	10,00,00,000

b) Issued, Subscribed & Paid - up Capital:

As on March 31, 2025, the paid-up Share Capital of the Company was Rs. 8,14,26,850/- bifurcated as stated below:

Type of	As on March 31, 2025			As on March 31, 2024
	No. of Shares	Face Value (Amount in Rs.)	Total (Amount in Rs.)	No. of Shares	Face Value (Amount in Rs.)	Total (Amount in Rs.)
1 Equity 1	1,12,02,685	10/-	11,20,26,850/-	81,42,685	10/-	8,14,26,850/-

The Company has made Initial Public Offer (IPO) of Rs 3,06,00,000/- divided into 30,60,000 shares of Rs 10/- each on 5^th September 2024.

c) Sweat Equity Shares

The Company has not issued any kind of sweat equity shares during the financial year under review.

d) Employees Stock Option Plan

The Company has not issued any kind of security(s) under Employee Stock Option Plan during the financial year under review.

DETAILS OF SUBSIDIARY, JOINT VENTURE OR ASSOCIATES

During the year under consideration, neither any company became nor ceased to be a subsidiary/ joint venture/ associate of the Company.

MATERIAL CHANGES AND COMMITMENTS

There have been no 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 this report.

DEPOSITS

The Company has not accepted any deposits within the meaning of Section 73 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014 in the year under review.

DETAILS OF SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNAL

No significant and material orders have been passed by any regulator(s) or Court(s) or Tribunal(s) impacting the going concerns status and Companies operations in future.

STATEMENT IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROL WITH REFERENCE TO THE FINANCIAL STATEMENTS

The Company has an Internal Control System, commensurate with the size, scale, and complexity of its operations. The Company had documented a comprehensive internal control system for all the major processes to ensure reliability of financial reporting, timely feedback on achievement of operational and strategic goals, compliance with the policies, procedures, laws, and regulations, safeguarding of assets and economical and efficient use of resources. The formalized system of control facilitates effective compliance as per relevant provisions of the Companies Act, 2013 and other applicable law(s) and provisions.

EXTRACT OF ANNUAL RETURN

As per the provisions of Section 92(3) read with Section 134 of the Companies Act, 2013, the Annual Return of the Company is available on the website of the company at www.travelsandrentals.in

NUMBER OF BOARD MEETINGS

The Board of Directors duly met Twenty-One (21) times during the year under review and in respect of such meetings, the proceedings were properly recorded and signed in the minutes book maintained for the purpose.

The intervening gap between the Meetings was within the period prescribed under the Companies Act 2013, any notification or circular issued under the Act from time to time and SS-1 issued by The Institute of Company Secretaries of India.

During the financial year under review, the Company had 21 (Twenty-one) Board meetings as follows:

Table of Attendance:
S. No.	Date of Meeting	Total No. of Directors	Directors Present
1	05th April 2024	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)
2	30th April 2024	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)
3	02nd May 2024	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)
4	16th May 2024	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)
5	18th May 2024	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)
6	17th June 2024	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)
7	22nd June 2024	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)
8	25th July 2024	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)
9	12th August 2024	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)
10	24th August 2024	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)
11	03rd Sep 2024	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)
12	18th Sep 2024	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)
13	08th Oct 2024	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)
14	30th Nov 2024	5	5 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi, Sailendra Kumar Das, Ballari Bhattacharya Sengupta)
15	17th Dec 2024	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)
16	17th January 2025	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)
17	29th January 2025	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)
18	30th January 2025	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)
19	25th March 2025	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)
20	28th March 2025	5	5 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi, Sailendra Kumar Das, Ballari Bhattacharya Sengupta)
21	31st March 2025	5	3 (Devendra Bharat Parekh, Tushar Singhi, Anupama Singhi)

PARTICULARS OF LOAN, GUARANTEES AND INVESTMENTS UNDER SECTION 186

There were no loans, guarantees or investments made by the Company during the year under review.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

All contracts / arrangements / transactions entered by the Company during the financial year with related parties were in the ordinary course of business and on an arms length basis. During the year, the Company had not entered into any contract / arrangement / transaction with related parties which could be considered material in accordance with the policy of the Company on materiality of related party transactions.

Accordingly, the disclosure of Related Party Transactions as required under Section 134(3) of the Companies Act in Form AOC-2 is not applicable.

Attention of the members is drawn to the disclosures of transactions with the related parties is set out in Notes to Accounts forming part of the financial statement.

AUDITORS AND THEIR REPORT

STATUTORY AUDITORS

Pursuant to the provisions of Section 139 of the Companies Act, 2013 and on the recommendation of the Board, M/s. Dokania S. Kumar & Co, Chartered Accountants, (Firm Registration No. 322919E) were re-appointed as the Statutory Auditors of the Company from the conclusion of the Annual General Meeting held in the year 2024 till the conclusion of Annual General Meeting to be held in the year 2029.

Further, the report of the Statutory Auditors does not contain any qualification or adverse remark hence it does not require any clarification or explanation of the board. Furthermore, the notes to account for the financial statements are self-explanatory.

SECRETARIAL A UDITORS

M/s. BKP & Associates (Membership No. F9830, C.P. No: 12074) - Practicing Company Secretary having Firm Regn. No.: I2013WB1041500 and Office at 19, Synagogue Street, City Centre Building, 4^th Floor, Room No 426, Kolkata 700 001, has been appointed for the issuance of the Secretarial Audit Report for the financial year ended 31^st March, 2025.

Considering that M/s BKP & Associates has several years of experience in corporate laws, Secretarial Management guidance & Audit, Due Diligence, Compliance Audit, Corporate Governance Audit, Merger- Acquisition, and Corporate Restructuring, FEMA, RBI, IPR, GST and other Economic Laws, your Board proposes its appointment for a term of five years for conducting Secretarial Audit of the Company and the issuance of the Secretarial Audit Report thereof- subject to the approval of the shareholders at the ensuing 29^th Annual General Meeting (AGM).

The Secretarial Audit Report in Form No.MR-3 does not contain any adverse remarks and is appended to the Directors Report in Annexure-I.

INTERNAL A UDITORS

Mr. Sanjay Shaw of M/s Komandoor & Co. LLP, Chartered Accountant (Reg No 001420S/S200034), Kolkata were appointed as Internal Auditor of the Company for the F.Y. 24-25.

The Internal Audit Report does not contain any adverse remarks.

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

Information under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014, is as follows:

A. Conservation of Energy, Technology Absorption

The Company being in the Travel and Tourism Industry, its activities do not involve any expenditure on Technology and Research and Development, therefore, the particulars in the Companies (Accounts) Rules, 2014, as amended, in respect of Conservation of Energy and Technology Absorption is not applicable to the Company.Further, the Company is not energy intensive. However, the Company takes every effort to ensure optimum use of energy by using energy- efficient LED Lightings, Air Conditioners, etc.

B. Foreign Exchange Earnings and Outgo

Foreign Exchange Earning: Rs 127.16 lacs Foreign Exchange Expenditure: Rs 103.97 lacs

DIRECTORS AND KEY MANAGERIAL PERSONNEL

The Board is properly constituted as per the provisions of the Companies Act, 2013. The Board at present comprises of:

S.No. Name of Director	Designation
1. Mr. Devendra Bharat Parekh	Managing Director
2. Mr. Tushar Singhi	Executive Director
3. Mrs. Anupama Singhi	Non-Executive Director
4. Mr. Sailendra Das	Independent Director
5. Mrs. Ballari Bhattachraya	Independent Director
6. Mr. Sayad Aziz Ahmed	Chief Financial Officer
7. Mrs. Jaya Jain	Company Secretary

Note:

1. Pursuant to Section 152(6) of the Companies Act, 2013, Mrs. Anupama Singhi, Director is liable to retire by rotation at the ensuing Annual General Meeting and being eligible, has offered herself for re-appointment as a Director of the Company.

2. None of the Directors of the Company is disqualified under Section 164 of the Companies Act, 2013.

3. Further, in pursuance of Regulation 15 (2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), the Company is exempted from the requirement of having composition of Board as per Regulation 17 of Listing Regulations.

FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTOR

The Company through its Executive Directors / Senior Managerial Personnel conduct programs / presentations periodically to familiarize the Independent Directors with the strategy, operations and functions of the Company. Such programs / presentations will provide an opportunity to the Independent Directors to interact with the senior leadership team of the Company and help them to understand the Companys strategy, business model, operations, service and product offerings, markets, organization structure, finance, human resources, technology, quality, facilities and risk management and such other areas as may arise from time to time. The programs / presentations shall also familiarize the Independent Directors with their roles, rights and responsibilities. The Company circulate news and articles related to the industry on a regular basis and may provide specific regulatory updates from time to time and the Company conduct an introductory familiarization program / presentation, when a new Independent Director comes on the Board of the Company.

DECLARATION BY INDEPENDENT DIRECTORS

The Independent Directors of your Company have submitted the declaration of Independence as required under Section 149(7) of the Companies Act, 2013 confirming that they meet the criteria of independence under Section 149(6) of the Companies Act, 2013.

OPINION OF THE BOARD WITH REGARD TO INTEGRITY, EXPERTISE AND EXPERIENCE (INCLUDING PROFICIENCY) OF THE INDEPENDENT DIRECTORS APPOINTED DURING THE YEAR.

In terms of Rule 8(5) (iiia) of the Companies (Accounts) Rules, 2014, the Board hereby declares that: In the opinion of the Board of Directors, the integrity, expertise and experience (including the proficiency) of the Independent Directors of the Company is adequate and commensurate with the size, structure, and business requirement of the Company.

Further, the Independent Directors have registered their names in the Independent Directors databank.

INSIDER TRADING

The Company has in place various Codes/policies pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended from time to time. The aforesaid Codes have been disclosed on the website of the Company.

COMMITTEE OF BOARD OF DIRECTORS

Audit Committee:

Our Company has constituted an Audit Committee as per Section 177 and other applicable provisions of Companies Act, 2013 read with Rule 6 of the Companies (Meetings of Board and its Power) Rules, 2014 and applicable Clauses of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and any other applicable guidelines vide resolution passed in the meeting of our Board dated 5^th April 2024.

The constitution of the Audit Committee is as follows:

Name of the Director	Status in Committee	Nature of Directorship	Number of Meetings held during the Financial Year 24-25
			Held	Eligible to attend	Attended
Ballari Bhattacharya	Chairperson	Independent Director	5	5	5
Sailendra Das	Member	Independent Director	5	5	5
Anupama Singhi	Member	Non-Executive Director	5	5	5

The Company Secretary and Compliance Officer of the Company acts as the Secretary to the Audit Committee.

During the Financial Year under review, the Audit Committee met five (5) times on 30^th April 2024, 25^th July 2024, 14^th November 2024, 30^th November 2024 and 28^th March 2025 and all such meetings were held in accordance with the provisions of the Act read with the Rules made there under and the Listing Regulations.

Further, the Board has accepted all the recommendations of the Audit Committee in the Financial Year 202425.

Nomination and Remuneration Committee:

Our Company has constituted Nomination and Remuneration Committee in terms of Section 178, Schedule V and other applicable provisions of Companies Act, 2013 read with rule 6 of the Companies (Meetings of Board and its Power) Rules, 2014 and applicable clauses of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and any other applicable guidelines, in the meeting of the Board of Directors held on 05^th April, 2024.

The Nomination and Remuneration Committee presently consists of the following Directors of the Board:

Name of the Director	Status in Committee	Nature of Directorship	Number of Meetings held during the Financial Year 24-25
			Held	Eligible to attend	Attended
Anupama Singhi	Chairperson	Non-Executive Director	2	2	2
Sailendra Das	Member	Independent Director	2	2	2
Ballari Bhattacharya	Member	Independent Director	2	2	2

During the Financial Year under review, the Nomination & Remuneration Committee met two (2) times on 25^th July 2024, and 28^th March 2025 and all such meetings were held in accordance with the provisions of the Act read with the Rules made there under and the Listing Regulations.

The Company Secretary is the Secretary to the Committee.

Stakeholders Relationship Committee:

Our Company has constituted the Stakeholders Relationship Committee in terms of Section 178 sub section (5) and other applicable provisions of Companies Act, 2013 read with Rule 6 of the Companies (Meeting of Board and its Power) Rules, 2014 and applicable clauses of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, in the meeting of Board of Directors dated 05^th April, 2024.

The Stakeholders Relationship Committee presently consists of the following Directors of the Board:

Name of the Director	Status in Committee	Nature of Directorship	Number of Meetings held during the Financial Year 24-25
			Held	Eligible to attend	Attended
Anupama Singhi	Chairperson	Non-Executive Director	2	2	2
Sailendra Das	Member	Independent Director	2	2	2
Ballari Bhattacharya	Member	Independent Director	2	2	2

During the Financial Year under review, the Stakeholders Relationship Committee met two (2) times on 25^th July 2024, and 28^th March 2025 and all such meetings were held in accordance with the provisions of the Act read with the Rules made there under and the Listing Regulations.

The Company Secretary and Compliance Officer of the Company would act as the Secretary to the Stakeholders Relationship Committee.

DISCLOSURE AS PER RULE 5 OF COMPANIES (APPOINTMENT & REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014.

Disclosure regarding remuneration and other relevant details, as required under Section 197(12) of the Companies Act, 2013, and Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, have been provided as an Annexure to this Report as Annexure II.

Further, as per the provisions of Section 197(12) of the Companies Act, 2013, and Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, a statement containing names and other particulars of employees who receives remuneration exceeding the limits specified in the aforesaid mentioned rules is not applicable as there were no such employees.

DISCLOSURE UNDER SECTION 178(3) OF THE COMPANIES ACT, 2013- POLICY ON DIRECTORS APPOINTMENT & REMUNERATION

The Company has devised 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 nomination and remuneration policy of the Company is available on the website of the Company on web-link: https://www.travelsandrentals.in/ files/ugd/4909c5 5b8b0acb3c5a4b0880eff1a358dbd2a5.pdf

MATERNITY BENEFIT COMPLIANCE:

The Board places on record its assurance that the Company has maintained a compliant and supportive environment in accordance with the spirit and intent of the Maternity Benefit Act, and will continue to enhance employee-centric practices that promote diversity, equity, and inclusion across the organization.

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 Act.

The performance of the Directors was evaluated by the board after seeking inputs from all the directors on the basis of criteria such as the board composition and structure, effectiveness of board processes, information and functioning, etc.

The performance of the committees was evaluated by the board after seeking inputs from the committee members on the basis of criteria such as the composition of committees, effectiveness of committee meetings, etc.

The Board reviewed the performance of the Individual Directors on the basis of the criteria such as the contribution of the Individual Director to the Board and Committee Meetings like preparedness on the issues to be discussed, meaningful and constructive contribution and inputs in meetings, etc. In addition, the Chairman was also evaluated on the key aspects of his role.

In a separate meeting of independent directors-

1. Performance of non-independent directors and the board as a whole was evaluated

2. Performance of the Chairman of the Company was evaluated, taking into account the views of executive directors and nonexecutive directors.

The same was discussed in the Board Meeting held subsequently to the meeting of the Independent Directors. The performance of the Board, its committees and of Individual Directors was also reviewed by the Board. The performance evaluation of Independent Directors was done by the entire Board, excluding the Independent Director being evaluated.

MANAGEMENT DISCUSSION ANALYSIS

The Management Discussion and Analysis Report as required under Regulation 34(2)(e) read with Schedule V Part B of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations, 2015"), is presented in a separate section forming part of the Annual Report and is annexed herewith as "Annexure - III".

GREEN INITIATIVES:

Electronic copies of Annual Report 2024-25 will also be sent to all the Members who have registered their email address with the Company/Depository Participant(s).

CORPORATE GOVERNANCE

As per the Regulation 15 (Listing Obligations and Disclosure Requirements) Regulations, 2015 applicability of Corporate Governance shall not be mandatory for companies listed on the SME Platform. Since our company has registered on the SME platform of the BSE the requirement of Corporate Governance does not apply to us.

INSTANCES OF FRAUD, IF ANY REPORTED BY THE AUDITORS

There have been no instances of fraud reported by the Auditors under Section 143(12) of the Companies Act, 2013.

CORPORATE SOCIAL RESPONSIBILITY

The Company is not required to constitute a Corporate Social Responsibility Committee as it does not fall within purview of Section 135(1) of the Companies Act, 2013 and hence it is not required to formulate policy on corporate social responsibility.

RISK MANAGEMENT POLICY

The Company does not have any Risk Management Policy, as the elements of risk threatening the Companys existence, is very minimal.

VIGIL MECHANISM/ WHISTLE BLOWER

The Company has adopted the whistle blower mechanism for directors and employees to report concern about unethical behavior, actual or suspected fraud, or violation of Companys Code of Conduct and Ethics. The updated whistle blower policy is available on the website of the Company. The web-link of the same viz. https://www.travelsandrentals.in/ files/ugd/4909c5 f5fe98df65ba493db3c0522141672ea2.pdf

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

This policy is applicable to employees, workers, volunteers, probationer and trainees including those on deputation, part time, contract, working as consultants or otherwise (whether in the office premises or outside while on assignment). This policy shall be a part of the employment contract or terms of engagement of the persons in the above categories.

Your directors further state that during the year under review, there were no cases filed pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

In terms of section 22 of the Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013, read with Rule 8 of the Companies (Accounts) Rules, 2014 (as amended vide MCA notification dated 30/05/2025 and other) a summary thereof is as under:

Particulars	No. of Complaints
Number of complaints/cases pending at the beginning of the year.	NIL
Number of complaints/cases of sexual harassment received/filed during the year	NIL
Number of complaints/cases disposed off during the year.	N.A.
Number of complaints pending for more than ninety days	N.A.
Number of cases pending at end of the year.	NIL

DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016

Any application was not made, or any proceeding is not pending under the Insolvency and Bankruptcy Code, 2016 during the year under review.

MAINTENANCE OF COST RECORDS

The Board confirms that maintenance of cost records as specified by the Central Government under sub-section (1) of Section 148 of the Companies Act, 2013 is not required by the Company and accordingly, no such records have been made and maintained.

COMPLIANCE OF SECRETARIAL STANDARDS

The Directors of the Company confirms that the Company has duly complied with the Secretarial Standards (SS-1 and SS-2) with respect to Board and General Meetings specified by the Institute of Company Secretaries of India constituted under Section 3 of the Company Secretaries Act, 1980 (56 of 1980), and approved as such by the Central Government.

INSOLVENCY AND BANKRUPTCY CODE, 2016:

There are no proceedings, initiated by any Financial Creditor or Operational Creditor or by the Company under the Insolvency and Bankruptcy Code, 2016 as amended, before National Company Law Tribunal or other courts during the financial year 2024-25.

DIRECTORS RESPONSIBILITY STATEMENT

In accordance with the provisions of Section 134(5) of the Companies Act 2013, your directors confirm that:

a) In the preparation of the annual accounts for the financial period ended 31^st March, 2025, 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 to give a true and fair view of the state of affairs of the Company as at 31^st March 2025 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 the Companies Act 2013 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 directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

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

ACKNOWLEDGEMENT

Your Directors wish to place on record their appreciation for the valuable co-operation and support received from the Government of India, various state governments, the Banks/ financial institutions and other stakeholders such as, customers and suppliers, among others. The Directors look forward to their continued support in future.

For Travels & Rentals Limited

(Formerly known as Travels & Rentals Private Limited)

Sd/-	Sd/-
Devendra Bharat Parekh	Tushar Singhi
Managing Director	Director
DIN:00394855	DIN: 5173710
Date- 03.09.2025
Place- Kolkata