Yashraj Containeurs Ltd Directors Report

To,

The Members

We are pleased to present the 32 nd Annual Report of the Company as follows:

UPDATE ON CORPORATE INSOLVENCY RESOLUTION PROCESS (CIRP)

Pursuant to order. C.P. No.533/IBC/MB/2023 dated 22nd February 2024, of the Hon ble National Company Law Tribunal - Mumbai Bench ( NCLT Order ), Corporate Insolvency Resolution Process ( CIRP ) has been initiated by the Company and in accordance with the provisions of the Insolvency and Bankruptcy Code, 2016, ( Code ) and related rules and regulations issued thereunder with effect from 22 nd February, 2024 (Corporate Insolvency Resolution Process Commencement Date).

Particulars	Year Ended 31-03-2025	Year Ended 31-03-2024
Revenue from Operations	35.11	197.17
Expenses	133.81	1,140.64
Profit Before Tax	(2,418.18)	(588.65)
Profit After Tax	(2,418.18)	(584.78)
Balance carried over to Balance sheet	(2,418.18)	(584.78)

DIVIDEND

The Board of Directors has not declared any dividend for the year ended 2025.

INDIAN ACCOUNTING STANDARDS

As per the requirements of the Notification dated 16.02.2015 issued by the Ministry of Corporate Affairs (MCA) Standalone and the Financial Statement of the Company for the Financial Year 2024-2025 have been approved as per Ind AS.

AMOUNT TRANSFERRED TO RESERVES

The Board has decided to transfer loss of Rs. (2,418.18) lacs. to its Reserves.

NATURE OF INDUSTRY

The Company is engaged in the business of manufacturing of Drums and Barrels.

STATEMENT ON COMPANYS AFFAIRS

In view of tough competition from local and international market, the company is making all efforts to increase the activities.

During the year ended March 31, 2025, your company has made loss after tax of Rs. (2,418.18) lacs as against Loss of Rs. (584.78) lacs in the previous year.

MATERIAL CHANGES SINCE END OF FINANCIAL YEAR TILL DATE OF THIS REPORT

There were no material changes from the end of financial year till date of this Report.

ASSOCIATE COMPANIES

No Company is an Associate of the Company.

DEPOSITS

The company has not invited or accepted any Deposits as required under section 73 of the Companies Act from the public during the year under review.

STATUS OF THE COMPANY

Application under Insolvency and Bankruptcy Code, 2016

During the current year 2024-2025, Company has made Application under Voluntarily for filing Application at NCLT u/s 10 of the Insolvency and Bankruptcy Code, 2016 for Resolution of debts and revival and Rehabilitation of the Company and the same is beneficial for our members of the Company.

The matter is actively followed from time to time.

NO FRESH LOAN TAKEN FROM FINANCIAL INSTITUTIONS

The Company has not availed any fresh loan/Working Capital facility during the year 2024-2025 and therefore the company has not carried any Valuation Report on the stock /other assets during the year.

SUBSIDIARY COMPANY

The Company does not have any Subsidiary/Joint Venture/Associate Company as on and for the year ended March 31, 2025.

PARTICULARS OF LOANS, GUARANTEES AND INVESTMENT

Particulars of the loans given, Investment made or guarantees given or security provided and the purpose for which the loans or guarantees or security is proposed to be utilized by the recipient of the loan or security are provided, if any in the Financial Statement.

PARTICULARS OF CHANGE IN BUSINESS

There is no change in the business operations of the Company.

VOLUNTARY REVISION OF FINANCIAL STATEMENTS

We state that, there is no Voluntary Revision of Financial Statements during the Financial Year 2024-25.

WEB ADDRESS

Our Web address is www.barrelpeople.com and all the data required under the law is displayed.

ANNUAL RETURN

As required under Section 134(3)(a) and Section 92(3) of the Act, the data on Annual Return has been uploaded on the Company s website and can be accessed at www.barrelpeople.com under Investor Relation.

GLOBAL DEPOSITORY RECEIPT

During the year, the company has not received any Global Depository Receipt or American Depository Receipt or warrants or any convertible instruments which has impact on our Share Capital (Equity) of the Company.

COMMODITY PRICE RISK OR FOREIGN EXCHANGE

There is no commodity price risk or foreign exchange risk to the company as our activities barrels and drums are supplied within the country.

PLANT LOCATION:

Our Plant Location are as under:

Address : Survey No.260/6 &7, Bhimpore Char Rasta, Bhimpore, Daman 396 210

MATERIAL DEVELOPMENTS ON HUMAN RESOURCES/INDUSTRIAL RELATIONS

There is no Material Development on human resources /industrial relations front, including number of employees

RELATIONSHIP BETWEEN DIRECTORS INTER-SE

As stated, the Company has three (3) Directors. None of the employees are related with any Directors of the Company.

STATUTORY AUDITORS

At the 30 th AGM held on August 17, 2023, M/s. Satyaprakash Natani & Company,

Chartered Accountants, (Firm Registration No 115438W) were appointed as Statutory Auditors of the Company. Accordingly, the Audit Committee has recommended re-appointment of M/s. Satyaprakash Natani & Company, Chartered Accountants, (Firm Regn. No.115438W) Mumbai, as Statutory Auditors for a further period of three years i.e. from 2024-25 up to the conclusion of the AGM for the Financial Year 2026-27. Further, the Statutory Auditors have issued an Unmodified Opinion on the Financial Statement for the Financial Year 2024-2025 and the Auditors Report forms part of this Annual Report.

None of the Directors including Key Managerial Personnel of the Company or their relatives are concerned or interested in the Resolution.

COST AUDITOR

As per Sec. 148 of the Companies Act, the Company is not required to maintain the cost Audit records, as the same is not applicable to our Company.

SECRETARIAL AUDITORS REPORT

The Company has appointed M/s. Pranay Mandhana & Associates, to conduct Secretarial Audit for the FY 2024-25.

As required u/s. 204 of the Act and Reg. 24(A) of SEBI LODR Secretarial Audit was conducted by M/s. Pranay Mandhana & Associates, Practicing Company Secretary, (ACS No.60165 and CP No.23399). The Secretarial Audit Report dated May 21, 2025, is attached and the same forms Part of the Board Report.

The other Qualification/ observation made by Secretarial Auditor in his Report, the contents of the said Audit Report are self-explanatory and do not call for any further comments.

The Secretarial Audit Report for the financial year 2024 25, as issued by the Secretarial Auditor, is annexed herewith and forms part of this Report as ANNEXURE IV .

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

Information in accordance with Section 134(3)(m) of the Companies Act, 2013, the disclosure of particulars with respect to Conservation of Energy is not applicable in the case of your Company.

Particular	Current year	Previous year
(A) Conservation of energy-
(i) the steps taken or impact on conservation of energy;	NIL	NIL
(ii) the steps taken by the company for utilizing alternate sources of energy;	NIL	NIL
(iii) the capital investment on energy conservation equipment;	NIL	NIL
(B) Technology absorption-
(i) the efforts made towards technology absorption;	NIL	NIL
(ii) the benefits derived like product improvement, cost reduction, product development or import substitution;	NIL	NIL
(iii) in case of imported technology (imported during the last three years reckoned from the beginning of the financial year)-	NIL	NIL
(a) the details of technology imported;	NIL	NIL
(b) the year of import;	NIL	NIL
(c) whether the technology been fully absorbed;	NIL	NIL
(d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof; and	NIL	NIL
(iv) the expenditure incurred on Research and Development.	NIL	NIL
(C) Foreign exchange earnings and Outgo-
The Foreign Exchange earned in terms of actual inflows during the year and the Foreign Exchange outgo during the year in terms of actual outflows.	NIL	NIL

* Due to utilization of solar power, the savings on consumption of electricity will be continuous.

STOCK EXCHANGE

The Company is listed on Bombay Stock Exchange Ltd (BSE Limited).

DIRECTORS AND KMP

The Company is under Corporate Insolvency Resolution Process (CIRP), hence the Board is suspended. But the Board consists of:

1) Mr. Jayesh Vinodrai Valia - Whole Time Director cum CFO

2) Mrs. Madhu Nitin Kanadia Independent (Non-Executive Woman) Director

3) Mr. Sunil Vasantrao Patil Independent Director

DISCLOSURE ABOUT RECEIPT OF ANY COMMISSION BY DIRECTOR FROM A COMPANY

None of the Directors of the Company received any Commission from the Company; hence the requirement of disclosure is not applicable.

DISCLOSURE ABOUT RECEIPT OF COMMISSION / REMUNERATION BY WHOLE TIME DIRECTOR / WHOLE-TIME DIRECTOR FROM ITS HOLDING OR SUBSIDIARY COMPANY

Since the Company does not have any Holding or Subsidiary Company, the requirement of disclosure is not applicable. None of the Director or Whole-time Directors of the Company are receiving any Commission or Remuneration from its Holding or Subsidiary Company or any Group Companies.

EVALUATION OF BOARD, COMMITTEES & DIRECTORS

Pursuant to the provisions of the Act and the Listing Regulations, the Board had carried out performance, evaluation of its own and it is satisfactory.

REPORTING OF FRAUD

The Auditors of the Company have not reported any instances of Fraud Committed against the Company by its officers or employees as specified Under Section 143(12) of the Companies Act, 2013.

SHARES BUY BACK OF SECURITIES

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

SWEAT EQUITY

The Company has not issued any Sweat Equity Shares during the year under review; hence the requirement of disclosure is not applicable.

BONUS SHARES

No Bonus Shares were issued during the year under review; hence the requirement of disclosure is not applicable.

EMPLOYEES STOCK OPTION PLAN

The Company has not provided any Stock Option Scheme to the employees; hence the requirement of disclosure is not applicable.

EQUITY SHARES WITH DIFFERENTIAL VOTING RIGHTS

The Company has not issued any Equity Shares with Differential Voting Rights during the year under review hence the requirement of disclosure is not applicable.

FAMILIARIZATION PROGRAMME

The details of programs for familiarization of Independent Directors with the Company, their roles, rights, responsibilities in the Company, nature of the industry in which the Company operates, business model of the company and related matters are put on the website of the company at the link: www.barrelpeople.com

RISK MANAGEMENT

Pursuant to Section 134(3) (n) of the Companies, Act, 2013 and relevant Regulation of Listing Regulation 2015, the Company has adopted a Risk Management Policy for the identification and implementation of a Risk Mitigation Plan for the Company. The company has included appropriate procedures to inform the Board about the Risk Assessment and minimization procedures. The Board periodically revisit and reviews the overall Risk Management Plan for making desired changes in response to the dynamics of the business.

VIGIL MECHANISM AND WHISTLE BLOWER POLICY

Details in respect of Vigil Mechanism and Whistle Blower Policy are provided in the Corporate Governance report forming Part of this Report

SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORY/JUDICIAL AUTHORITY

There are no significant materials orders passed by The Regulatory or Courts or Tribunal, which would impact the going concern status of the company and in its future except approval of the Resolution Plan vide order NCLT order dated February 22, 2024, as stated above.

There are no significant materials orders passed by The Regulatory or Courts or Tribunal, which would impact the going concern status of the company and in its future. BSE has levied a penalty for Non-Appointment of Company Secretary and it has been paid. The matter is under consideration.

CORPORATE SOCIAL RESPONSIBILITY

The provisions of Corporate Social Responsibility are not applicable to our Company.

INTERNAL CONTROL SYSTEMS

The Company has got internal control system commensurate to the size and the systems and operations. It is supplemented by extensive internal audit procedures, reviewed by Management and Audit Committee. The internal audit covers all the activities of the company. Company reviews findings of internal audit system on regular basis and they are upgraded based on internal audit recommendations. Your companys statutory Auditors have confirmed the adequacy of internal control systems.

DIRECTORS RESPONSIBILITY STATEMENT UNDER SECTION 134 (5)

The Board of Directors of the Company confirm that:

1. The preparation of the Annual Account, the applicable accounting standards have been followed and wherever required, proper explanations relating to material departures have been given.

2. Selected such accounting policies and applied them consistently and made judgements 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 or loss of the Company for that period.

3. Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

4. The Accounts have been prepared on a going concern basis.

5. The Company had laid down internal financial controls and such internal financial controls are adequate and were operating efficiently.

6. The Company had devised proper system to ensure compliance with the provisions of all applicable laws and such systems were adequate and operating efficiently. All documents referred to in the accompanying Notice are open for inspection at the Registered Office of the Company during the office hours of the Company on any working days From September 12, 2025 to September 15, 2025, between 12.00 noon to 4.00 p.m.

PARTICULARS OF REMUNERATION OF DIRECTORS/KMP/ EMPLOYEES

The details as required under Sec.197 of the Companies Act, 2013, and Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel), None of the Directors/KMP/Employees are drawing remuneration in excess of the limits during the year under review.

Details of sitting fees and remuneration paid during FY 2023-24 is as below:

1. The Ratio of the remuneration of each Director to the median remuneration of the employees of the Company for the Financial Year and the percentage increase in remuneration of each Director, Chief Financial Officer, Chief Executive Officer, Company Secretary, or Manager, if any, in the financial year. 1. The number of permanent employees on the rolls of Company as on March 31, 2025: 52 2. Affirmation that the remuneration is as per the Remuneration Policy of the Company: It is affirmed that the remuneration paid is as per the Remuneration Policy applicable for Directors, Key Managerial Personnel and other employees, adopted by the Company.

The detailed statement containing the prescribed particulars is attached to this Report as ANNEXURE III .

DIRECTORS SEEKING APPOINTMENTS & RE-APPOINTMENT

As stated, Pursuant to Regulation 36 of SEBI (LODR) Regulation 2015, the Directors to be reappointed at this AGM and the same are annexed herewith.

All the Independent Directors of the Company have been appointed as per the provisions of the Act and the SEBI Listing Regulations.

COMPANY SECRETARY CUM COMPLIANCE OFFICER

The Board of Directors pursuant to Section 203 of the Companies Act, 2013, and as per Articles of Association of the Company, have appointed Mr. Uday A. Sawant ACS No.30251), as Company Secretary cum Compliance Officer of the Company with effect from May 10, 2024.

TAXATION

The Companies Income Tax Assessment have been completed up to the Financial Year 2019-2020.

INDUSTRY STRUCTURE, DEVELOPMENTS, OPPORTUNITIES AND OUTLOOK

Steel Drums are utilized for safe packaging and transportation of liquid/semi liquid/pulp/greases/powders etc. The main drivers of rigid Industrial Packaging are: 1. Growth of underlying custom Industries Rigid Industrial packaging demand is closely correlated with the underlying growth of customer Industries (Chemical Industry with largest influence).

2) Substitution across Packaging segment shift between different materials due to changing customer needs. 3) Standardization increases comparability between packaging products.

INDUSTRY OUTLOOK

The year 2023 has continued to see bouts of uncertainty that have tested the growth conditions across the world. Headline inflation continues to remain elevated exceeding the comfort zone of the monetary authorities and it would result in continued uncertainty in the financial market and a carry-on impact of the economic conditions. The Indian economy too encountered head wings during the year. Following the sharp rebound in domestic economic activity during the Financial Year 2024-2025 was a year of normalization with demand in many Sectors gradually moderated, yet remaining robust.

INDUSTRIAL RELATIONS

Industrial Relations with all the employees of the Company were cordial during the year under review.

SEXUAL HARASSMENT ON WOMEN (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

The Company has formed an Internal Complaints Committee (ICC) which is responsible for Redressal of complaints related to Sexual Harassment as per the policy. During the year under review, there was no complaint of Sexual Harassment on women/employees.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT OVERALL (MD&A)

During the year 2024-2025 the Global economy has shown positive results and that also helped in the revival of Asian Economic Growth. However, the same are given separately forming Part of the Board of Directors Report. The same is attached herewith as ANNEXURE I .

CORPORATE GOVERNANCE

A Report on Corporate Governance along with a Certificate from Auditors of the Company regarding the compliance with the conditions of Corporate Governance as stipulated under Part E of Schedule V of SEBI LODR forms Part of this Annual Report. The same is attached herewith as

ANNEXURE II .

COMPLIANCE WITH THE PROVISIONS OF SECRETARIAL STANDARD

The applicable Secretarial Standard i.e. SS-1 and SS-2 relating to the meetings of the Board of Directors and General Meetings have been duly complied by the company.

INSIDER TRADING REGULATIONS & CODE OF DISCLOSURE

The Board of Directors have adopted the Code of Practice and procedures for fair disclosure of Unpublished Price Sensitive Information and Code of Internal Procedures and conduct for Regulating Monitoring and Reporting of Trading by Insiders in accordance with the requirements of the SEBI (Prohibition of Insider Trading) Regulation 2015.

RELATED PARTY TRANSACTIONS

All the Related Party Transactions (RPT) entered into by the Company during the year under Review were at arms length basis in the Ordinary course of business.

There were no materially significant Related Party Transactions made by the Company with the Promoters/Directors/KMP or other designated persons which could have potential conflict with the interest of the Company at large. All the Related Party Transactions (RPT) are placed before the Audit Committee for its approval. As such, no particulars of such contracts or arrangements are furnished. The same has been enumerated in Note No 31 of the Balance- Sheet.

In accordance with the requirement of SEBI, LODR the Company has formulated and adopted policy for determining materiality of and dealing with RPTs. Those policies have been amended from time to time with the amendment of SEBI, LODR. These codes and policies are already displayed on Companys website at www.barrelpeople.com.

The same is attached herewith as ANNEXURE VII

ENVIRONMENT PROTECTION AND POLLUTION CONTROL

The Company has always been socially conscious corporate and has always carried forward all its operations and procedures for Environment friendly norms with all necessary clearances.

GREEN INITIATIVES

Electronic copies of the Annual Report 2024-2025 and the Notice of the AGM are sent to all the members whose email addresses are registered with the R&T Agents i.e. M/s. Link Intime (I) Pvt. Ltd.

ACKNOWLEDGEMENTS

Your Directors place on record their sincere thanks to the State and Central Government for their co-operation and dedicated and devoted services rendered by the employees of the Group of Company at all levels. Your Directors also thank the Bankers, customers, shareholders and the suppliers of your Company for their co-operation and valuable support.

For Yashraj Containerus Ltd.

	Sd/-	Sd/-	Sd/-
Place: Mumbai	Jayesh V. Valia	Uday Sawant	Ajit Kumar
	Director	Company Secretary	(Resolution Professional)
Date: 14 August, 2025	DIN:01117247	Mem. No. 30251	IBBI/IPA-003/IP
			N00062/2017-2018/10548)