Equity Analysis

Dear Members,

Your Director's have pleasure in presenting the 7^th Annual Report of the AA PLUS TRADELINK LIMITED along with the Audited Financial Statements for the financial year ended 31^st March, 2023.

1. DISCLOSURE OF ANNUAL RETURN UNDER SECTION 134r3Hal

The extract of Annual Return, pursuant to the provisions of Section 92(3) of the Companies Act, 2013 and Rule 12 of the Companies (Management and administration) Rules, 2014, for the financial year ended 31^st March, 2023, is disclosed on the website of the company.

2. MEETINGS OF BOARD OF DIRECTORS UNDER SECTION 1341311b!

During the year 2022-23, the Board of Directors met 5 times.”

24.05.2022, 30.05.2022, 18.08.2022, 14.11.2022,16.02.2023.

3. DIRECTORS' RESPONSIBILITY STATEMENT UNDER SECTION 134(3IIc)

Pursuant to Section 134[3][c] read with Section 134(5) of the Companies Act, 2013, the Board of Directors, to the best of their knowledge and ability, confirm that:

a. in the preparation of the annual accounts, the applicable accounting standards have been followed and in case of any material departures, proper explanations have been given for the same in the accounts itself;

b. the directors have 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/loss of the Company for that period;

c. the directors have taken proper and sufficient care 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;

d. the directors have prepared the annual accounts on a going concern basis;

e. the directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate operating effectively;

f. Being an unlisted company, the directors were not required to lay down internal financial controls under Section 134[5][e] of the Companies Act, 2013.

No frauds were reported by the Company's Statutory / Cost / Internal / Secretarial Auditors during the year under review.

All Independent Directors have submitted their disclosures to the Board that they fulfill all the requirements as stipulated in Section 149(6) of the Companies Act, 2013 read with SEBI Listing Regulations so as to qualify themselves to be appointed as Independent Directors under the provisions of the Companies Act, 2013 and SEBI Listing Regulations.

The Board had constituted an Audit Committee comprising of Mrs. Nilam Himanshu kumar Soni, Independent Director as the Chairman; Mr. Jay Vijaykumar Mehra, Independent Director and Mr. Rajkumar Mahendra Singh as the self-evaluation framework.

The observation made by the Statutory Auditors in their report for the financial year ended 31^st March, 2023 read with the explanatory notes therein are self-explanatory, and therefore do not call for any further explanation or comments.

The Report of the Secretarial Auditor is enclosed herewith as Annexure - in to this Report. The Secretarial Audit Report does not contain any qualification, reservation or adverse remark hence does not require any clarification or explanation of the Board.

During the year under review, the Company has not given any loans or guarantees or made investments under Section 186 of the Companies Act, 2013.

9. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES UNDER SECTION 134r3Uhl READ WITH RULE HI21 OF THE COMPANIES [ACCOUNTSl RULES. 2014

No contracts / arrangements were entered into with related parties as envisaged under Section 188[1] of the Companies Act, 2013.

During the year under review, the Company has achieved a turnover of Rs. 17,17,29,552/—. The net Profit after tax during the year has been Rs.20,53,789/-as against the net profit of Rs. 18,58,147/-in the previous year.

During the financial year under review, Rs. .20,53,789/- transferred to the general reserves.

With a view to conserve resources, the Board of Directors does not recommend any dividend for the financial year ended 31^st March, 2023.

There were no material changes and commitments affecting the financial position of the company between the end of the financial year and the date of this report.

The particulars as required under the provisions of Section 134(3) (m) of the Companies Act, 2013 read with the Rule 8 of the Companies (Account) Rules, 2014 in respect of Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo etc are furnished below:

During the year under review, the Company has neither earned nor used any foreign exchange.

Risks are events, situations or circumstances which may lead to negative consequences on the Company's business. Risk management is a structural approach to manage uncertainty. A formal approach to Risk Management is being adopted by the Company and key risk will now be managed within unitary framework. The Risk Management process in our business, operations, over the period of time will become embedded into the Company's business systems processes, such that our responses to risks remain current and dynamic.

The provisions of Section 135 of the Companies Act, 2013 are not applicable to the Company for the year under review.

The Company does not have any Subsidiaries, Associates and Joint Venture Companies.

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

Ms. Purnima Badola was appointed as the Company Secretary of the Company on 7^th February, 2022.

The Company did not accept or renew any deposits under section 73 of The Companies Act, 2013

No orders have been passed by any Regulator or Court or Tribunal which can have impact on the going concern status and the Company's operations in future.

The Company has in place adequate systems of internal financial control commensurate with its size and nature of operations. The system of internal controls ensures that all activities are monitored and controlled against any unauthorized use or disposition of assets and that the transactions are authorized and reported correctly.

The company was not required to maintain cost records under section 148[1] of the Companies Act, 2013.

As the number of employees are less than 10, there is no need for the company to form a Sexual Harassment Committee under POSH Act.

The provisions of Section 177[9] and proviso to Section 177[10] of the Companies Act, 2013 read with Rule 7 of the Companies (Meetings of the Board and its Powers) Rules, 2013 is applicable to the Company. The Company has established a vigil mechanism and to that effect formulated the Whistle Blower Policy to deal with instances of fraud and mismanagement, if any.

There were no employees of the Company during the financial year ended 31^st March 2023, and therefore the Company need not disclose the details required to be mentioned under Section 197 of the Act read with rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

The Company got listed on 22^nd July. 2021 on SME Platform of Bombay Stock Exchange (BSE). The Company confirms that it has paid the Annual Listing Fees for the year 2022-23 to Bombay Stock Exchange (BSE) where the Company's Shares are listed.

The Company is in the process of migration to main board from SME Board.

Thus, the remuneration paid to the directors is Rs NIL.

During the year under review, the Company has complied with the applicable Secretarial Standards.

Your Directors would like to express their grateful appreciation for the assistance and support extended by all the stakeholders.