AJAY BIO-TECH (INDIA) LTD. OFFICE ADD : 4rd Floce, “NETSURE’ Ble. Sr Nm 107. Ploc No.2, Baner Road, Bases, Pune 411045, State: Maborashtra Tels O20 - 67E1 TOI Welpste + wewwiaaybiotchoar Final + info@alaybioin CIN : U73100RN1930FLCNSSI33 INNOVATORS IN BIOTECHNOLOGY An 150.9001, 14001 &45001 Company & "DSI ‘Approved R&D BOARDS’ REPORT To. The Members, AJAY BIO-TEC Pune (INDIA) LIMITED, Your Dircciors take pleasure in presenting ie 33" amnual Report together sith the Audited Statement ‘of Accounts for the year ended 31" March. 2023 1. FINANCIAL RESULTS: [ Standalone (INR in Lakhs) | Consolidated (INK in Lakiw) _ | | Particutars FY 102223 [FY 2070-22 | Revenue from operatic 1 4308 16, 705.60 | Other Income 66.48 Total Income | Fos (Total Expenses 6696.05 | |_Protit/ (Loss) before Tas 1076.00 | Provision for taxation [ay Guneni Tox 1 by Deterned Tas | | Profit After 1 769.05 Profit For The ¥ 2769.08 Earning per share (Basic and “IRE | Diluted) 2. DIVIDES Considering the losses, your direetors do not recommend any Dividend foe the Finan ial yen 3. DEROSITS: ‘The Company’ has not accepted any deposits ducig the yen under review as: covered! urver Chapier Vf the Companies Act, 2013 ("the Ac 4. CURRENT PROSPECTS AND FUTURE OUTLOOK: Ajay Bio-Tech (India) Limited was incorporated «in Janivary 12,990 a6 a Private Linriteit Company anit then. it was converted imy Limited Company? with the objective of manufacturing and trading of Bio fertilisers, Bio Pesticides. Plant Growth Promoters, Micronutrients and Establishing Research and Development activities: Ajay BioTech (India) Lid. és a name associated with Bou-triendly agra-input products essentiat for ‘Organic Farming, The Company is muraged by eininen! tearm of scientists backed by equslly important financial inotitutions like HDFC Bank Limited and is actively working in this field since 1990, Development of new bicwehnelagy pmducts through sesearch 38 the main aim of the Company, Bio PACTORY ADDL (iat No. 679. Vilage Kha Tal: Purandat Ist: Pe. 412-201. Phs (02415) 207294AJAY BIO-TECH (INDIA) LTD. OFFICE ADD + 3nd Haar, “NETSURE! Bldu, Se. No M07, Plot No 2.laner Road, Baner Pune :411045, State» Maharashtra Tel (20 - 6711 107) Website: vrrmaiayhintec.com, Email + infod@sjaybioin CIN ; U73100PNI990R1,.0055083 INNOVATORS IN BIOTECHNOLOGY An 180.9001, 14001 & 45001 Company & ‘DSIR' Approved R&D Penitizers, Bie Pesticides and Plant Growth Regulators form the main sange of prosuets, Over the years your Company has become a more reliable innovmor in Biotechnology spanning agriculture ie public health The Company hos i= manulaciurme units in Maharashtra & Himachal Prodesl, Each product is manutactured based on four important principles viz result oriented, iffordable, quality and envirenment friendly factor. ‘Your company have registered tumover of Rs, 4408.16 as compared to previdis year Ri. 7705 0%. The ‘company posted loss of Rs, 769.05 lakhs is comparod to profit of Rs, 796,65 laklis:, There is decrease in fumover by 42.79%, The EPS on financial statement for the year ended March 2023 was 22.12 ax ‘compured to previous year ended 2023 wis 22.92 Future outloak Jn assessing our company's Financia! performance and flruwe outlook. it essential wo acknowledge te challenges we have Eaced 1n recent tires, inclivling che Iestes incurred! during the reporting: period! The losses in the reporting peviod orc marked by unprecedented volatility und uncenuinty, driven by factors sch as economic fluctuations, regulitivy changes, and global events We have continued jo invest in research and development, exploring new mitkets and! opportunities for growth. Ry focusing on product diversification and expanding our cumomer base. we are laying the foundation for loag-lerm sintainability and profitability fh eadilusion, although our recent: lonses are a setback, they do not define wor funmee, We remain cormined to our vision and mission, aad we ane taking proactive steps to secure our compat in the years to come, By leversing our strengths addressing weaknesses, and capitalizing on emenging Opportunities, we are optimistic abit our future prospects 6. CHANGE IN re Naw COMPAN: There has beer no change in the Namie of Company during the period ended 31% Marci, 2033, 7, ANNUAL RETURN: lw accordince witk the Companies Act, 2013, the sninual return in the prescribed format is available ot ww alsybjotesh com. 4% CORPO! CIAL RESPONS: As pet Section 1385) of the Companies Act, 2013 and Rule & of the Companies (Comporate Social Responsibility Policy) Rules, 2014 and schedule Vil of the Companies Act. 2013, the Company has duly: constituted CSR Costumittce. The commitice had decided the activities 10 be undertaken by’ the Company. snd secormmended jhe same 1o the Board in secardance with the CSR policy: Further the Anmual Report on CSR Activities for the financial year ended, March 31, 2023 is annexed herewith te your kind perusal and snformation, (Ammemre: 1) FACTORY ADD. ist Na 674 Vilage Khalid Tal: Pando Diet: Pane - 412201. Ph (02115) 297234AJAY BIO-TECH (INDIA) LTD. OFFICE ADD : Sri Floor, "NETSURF’ Bldg. 51 No. 147, PlotNo.2, Bamer Road, Banee. Puno 414045, Sate: Mahoradhera, Tels 20 - §711 1010 Website + ieworajaybiowch com Email: inlo@ajaybioin CIN: U7SLUOPNTSROPLCDS5033 INNOVATORS IN BIOTECHNOLOGY Am ISO 9001. 14001 & 45001 Company & 'DSIR' Approved RAD 9. MEETINGS OF THE BOARD C ECTORS During the Financial “Year under review. the Aland hae met Thiricen times held on 01,08,2022, 07.04.2022, 29.04.2022, 06,06-2022, 27.07.2022, 02.09.2022, 13.10.2022, 13.10.2022, 06122037, 12.2023, 1.03.2025. The provisions of Companies Aci, 2013 were aulhered to. while considering the nine gap hetween two meetings. (0, MEETINGS OF THE CSR COMMITTEE During the Financial Your, two meeting of the CSR Committee was held! on 02.09.2022 ani 31.03.2023 for which proper notice for mecting was given unt! the proceedings were properly maintained 11, COMPOSITION OF DIRECTORS: Present Composition of Board is Sr Name Date oF No ppointment 1 | Mr. Saji Sohaulat date Managing 109-2008 Director Mapai Directie 30-05-1078 _—t ee 3 | Ber Subrata Sarkar Wholetime Tear Direciar ‘Dhanalakshony Sriramaprasad | Director 30-09-2008 ToTo2016 | 3.) Mr. Bhovesh Jayaniital Metta Director 6) Mr. Chindramauli Balin — Director Tt ‘Changes in composition af the Board Ms, Dhanalakishinj Sciramapeasad (DIN.10930271) and Me. Sanjay Malpani (DI to retire by’ rogntion wt the Anouel general mecting of the Company held on members approved their reappointment 4: 017901995) were liable Seplember 2027 The Me. Chandramauli Balan (DTN: 08506703) ens appointed as the Additional Director of dhe Company vwilli effect from 21" Janary 2023 and way eppuimed es te Direcwx of the Company if) the exten Ordinary General Meeting with effect from 22° February 2023, Me. Sujit Solumbal Jain (DIN: 01443486) & Mr. Subrats Sarkar dirgerors are line 10 retire by rotation at the cnsuiny Annual general meeting of the Company, The Board proposes and zecominends their apporniment by rotation. 12, SUATUTORY AUDITORS OF THE COMPANY FACTORY ADD. Cat No.179, Village Khaled, Tal: Purandar Dist: Pane 412 201. Ph. (02115) 297234AJAY BIO-TECH (INDIA) LTD. OFFICE ADD ; 3rd flour, ‘NETSUKE Bldg, Sr No- 107, FlocNo 2, Baner Road, Baner, Pune 411045, Sate : Mabarasbiea, Tel: O20 - 6711 1610 Website ; wwestayriotechcom Email = infolajayhiain CIN : UTELOMPRIBSOPLCOSSOR INNOVATORS! BIOTECHNOLOGY ‘An 150.9001, 14001 & 45001 Comp:ny &'DSIR' Approved R&D Mis MM. Nissitn-é& Company LLLP, Chartered Accountants (Registration No, 107122W/'W'100672) we appointed as the Statsiory Auditor of the Compuny in the Annual General Mecting (AGM) held on att" September 2022 pursuant to the provisions of Companies Act, 2015 for o peried of $ years. Mis MM, Nissin & Compony LLP, Chartered Accountanis (Rexistzation Ne, 1O7LEZW/W100672), hia confirmed their eligibility 10 contime te act as statutory auditors of the Compiny far the remaining. ferns, 13, DETAILS OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS: ‘The internal control system with respect (o Financial Statement and their adequacy: has-been daly taken ite ly the Board of Dircetors of the Company and it has also heen reviewed by the statutory auditors. The intemal conirofs exist in the system and that sufficient measures are taken 10 update the intemal soniral system, a8 and when needed. The sysiem als ensures that all transaction are appropriately. authorized, recorded amd reported as and when requirecl 14. COMMENTS ‘BY THE MANAGEMENT: The Auditors report donor have any reservations, qualifications or averse remarks Gn the finascial stiitements of the Connpany. The observations of the Auditors are given below: EPORT & REPL Se No. | Observation ‘There ire matenal dues of ineome lax which have not been | We are hopeftd of n deposited on accouni of dispute is as detailed below. iving the lispuled cases i Nume of the | Nature of Dues = Period i which the | Forum where the | Suatae (Rs) ammount relates depute ispending | FY. 2008.09 [ AN | CIT. [Appeal] 2009:10) Income “Tax [Assessment dues | 27.49,810 Aa 961 | 15. REPORTING OF FRAUD BY STATUTORY AUDITORS: There: was-no fraud reported in the Company; hence no reporting wacmade by starutory wialiler of the Company under sub-section (12) of section 143 of Companies Act, 2013 1 the Conteal Govemment COST RECORD ANDYOR COST AUDI ‘The Company has maintained proper cost records ceigiired ax per the provisions af" Seetion L48 oF ‘Company's Act, 2913 read with the Companies (Cost records & Audit) Rules, 2014, 17, EIGN EXCHANG S & OUTGO: ‘The information relating. to Research Development Activities. Conservation of Energy and Foceign Ficchane Famings &¢ Curges has been provided in tht Anmexure 2 annexed to this Report NCES IN SHARE CAPITAL During the year under review, there has been wo ela n the share capital of the Cempany FACTORY ADD. (iat No. 879 Vilage Khalad Tal: Parandar, Dist: Pane «12 301, Ph (02115) 297226Independent Directors under Section 14964 of the Act AJAY BIO-TECH (INDIA) LTD. OFFICE ADD = 3rd Flogr, ‘NETSURE" nlgg. Sr Ne, 107, Plot Mo 2. Sizer Road, Hamer, Pune 421085, State: Maharashtra Teli 020 6711 110 | Website : wwwajaybintech.com Email : infoltajaybioin CIN + U72i00PNi990P1,C985033 INNOVATORS IN BIOTECHNOLOGY An ISO 9001, 14001 8.45001 Company &"DSIR’ Approved R&D wcll period under review The Compariy his not essued any Sweot Equity Shares during the financial period under review. c) BONUS SHARES No Bonus Shares were issued during the financial peried under review. d) EMPLOYEES STOCK OPTION PLAN. The Cormpuny has not pravided any Stock Option Schernc to the emplowees The Company is not required to appoint Independent Birceties. Accordisgly., siulerment on declaration by ot Applicable L. INFORMATION AROUT SUBSIDIARY: JV) ASSOCLATECOMPAN: The company has Netsurt Big-Tech Private Limited usa Asssciate Company Netwurf Blo-Tecl Privote Limited is engaged in the business of manufocturiny research and dealing ial kinds of biotechnology, pharmaceutical & allied products The cons Except a detailed above, ihe Company does cot have iduted Finauciad Sittements for EY 2022-23 fircrns part of the Annual Report of the Company, wentire oF Associate y Subsidiary, Company 22. TRANSFER OF UNCLAIM! PROTECTION FUND; The Company was ma seyuited 10 transfer any anious! including unclaimed dividend w investor Faluation and Prytection. Fund. During the year Under review, 4, MATE ‘No mierial chi the end5 of the financial year io whiel these financial statements relate-on the date of thi Pursuant to Section L34(5) of the Companies: Act, 201 33, AMOUNT TRANSFER 10 RESERVE: ‘Compiiniy hits fot transferred any sum to General Reserve. HANGES AND COMN jes and commitnen's affecting tk pany occurred between poet, financial position of the Con ECTORS” RESPONSIBILITY 81) the Hoan! df Dieeetots of the Company confirms that- 4. In the preparation af the annun| accounts, the applicable accounting stancards-hud hoen followed long with proper explanation relating te material departures: b, The diteciors had selected such accounting: policies and judgments anc estimates that are reasorabslc and prudent plied them eonsistently and made as to gives tne and fir view of the FACTORY ADD. Gat Na-879. Village Khalod Tal: Purana Dist: Panw < 12 301. Phi (02215) 297234AJAY BIO-TECH (INDIA) LTD. OFFICE ADD + 3rd Fier, "NETSURE' Bly, Seo. 107. Plot Mo 2, ane Road, Baner: Pune : AT 1045. State: Maharashtra Tel: O20 6711 0 Website : wwwaaybiotechcom Email : info@ajaybéoin CIN : U7 sOpPNI99OPLOOSSOR INWOVATORS IN BIOTECHNOLOGY ‘An 180 9001, 14001 & 45001 Company &'DSIR’ Appraved R&D Stale OF aftinrs Of the cormpeny al the end of the financial yeor und of the less Of the company fr that perio: € The ddiveetors had taken proper and sufficient care for the maintenance of ackeywte accounting records in accordance wih ihe pra ising the assets of the company god for preventing und detecting fraud and oxher ine: 4. The difestors had prepared the anni! secounts on a going. eosicern basis: and © Company being unlisted public company subelause (eb of section |34(3) is not applicable. £ The ditectors had devised proper systems tp ensure compliance with the provisions of all applicabte laws and that such systems weee adequate and operating effectively 26. LOANS, GUARANTEES AND INVESTMENTS: During the year under review. the company hes noi given any loans or gunramices of made investmacils ‘pursuant to the provisions of Section [86 of the Companies Act, 2013 27, LOAN FROM DIRECTORS: During the financial year unde review, the Company hac nat ageepted any: loan from Directors or form relaiives of Director 28 RELATED PARTY TRANSACTIONS: All transactions entered with related parties during the FY. 2622-23 were on arm's length basis and were the oilinary course of business and provisions of Section I4(1) are not utiraste. There hiive heen n materially significant related party tsausuetions with the Company's Promotes. Bieectors and others is stefined in section 276) of the Companies Act, 2013. Furiker all the necessary thesils uf transaction sil related porties tor which necessary opprovals were when are-atuached Rexewithy in Farm No, AOC ‘your kind perusal and information, (Annexuie: 3) 29. RISK MANAGEMENT: Periodic asseaameats to identify the csk areas are carried out and management i briefed in the risks in advance to cable the Company to control risk through & properly defined plan. The risks are classified as finaaeial risks, operational risks aod market risks. The risks are taken inte aecourt while preparing te ‘Annual business plan for the year. Tee Ban! {s also periodically ittivanied of the business risks and the actions takea to macuige vem, 40. ANNUAL EVALUATION / VIGIL MECHANISM: The provision eelating to‘annal aluation and vigil mmechartisos are nat applicable on Company. 31. DISCLOSURE UNDER. VENTION, Pi THON AND Pursuant to Seetion 22 of the Sexual Harassment of Women at Workphice (Prevention, Prohibitigm and Redressal) Act, 2013 read with Rule lM of the Rules issued thereunder, the intemal Commitiee ‘constituted under the said Act his confined that no complaint hits been feceived by the Cempany darins the sete 2022-23. FACTORY ADD: Gat No, #79, Vilage Kain, Tal: Paranda; Diet: Pune. 412-201, Ph (02115) 297234AJAY BIO-TECH (INDIA) LTD. OFFICE ADD : 3rd Floor, 'NETSURF Bldg, Sr to. 107, lor Ho. 2, Baner Road, Bans, Pune : 411045, Sate: Maharasira, Tels 020 - S711 1010 Website > wiwaiaybiotechcom Ema + info@alaybioin CIN : U7S100PNI990PLCOS033 INNOVATORSIN BIOTECHNOLOGY ‘An 1809001, 14001 & 45001 Company & 'DSIR' Approved RED NAL IMPACTING THE, IN STATUS ANI FUTURE: ae OPERATIONS. Durinu the year 2022-23 dere were no onter passed by the repitarors or courts or ‘Tribunals against the Company impacting the going concern stats and company’s operation in futur. 33. CATION MADE OR ANY PRO‘ PENDING UND! SOLVENCY AND BANKRUPTCY CODE, 2016 (31 OF 2016): During the financial year under review, the Company has not made say application under ‘The Insolvency and Bankruptcy Code, 2016. ‘4M. THE DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT ‘THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING wi iE INKS. CIA REASON: Now Applicable. 35, SECRETARIAL STANDARDS: ‘The fnstirute of Company Secretaries of Incka had revised the Secretarial Standards on Mestings of the Board of Directors (SS-1) and Secretarial Standards. on General Mectings (SS-2) with effect fram 1* Qerober 2017. The Company is in compliance with the revised secretavial standards, 3 “TARIAL AUDIT REPORT: Provisions of seetian 204 of the Companies Act, 2013, secretarial audit report are nat applicable tthe ‘Company. 37, ACKNOWLEDGEMENTS: Your Directors like to express their heartfeli. gratitude (© all the Bankers, Govermnenl Authorities, ‘Customers, Verlors and Business partners for teit continued suppor and association. ‘The Directors would also like to express their appreciation to che employees of the Company for their dedicated, individual and collective contribution in the overall growth of the Company. The Director would specially like ro express their sincere gratinide to all the members of the Company for thei continued faith in the management of the Company. For and on Behalf of the Board of Directors of Ajay Bio-Tech,¢india) Limited Sonjoy Mptpwi d hee r SANJAY MALPANI SUBRATA SARKAR MANAGING DIRECTOR = DIRECTOR WHOLE-TIME DIRECTOR DIN: 01463586, DIN: 00901995 Dt 202004 Date: 05.09.2023, Date: 05.09.2023 Date: 05.09.2023 Place: Chennai Pace: Chennai Place: Chennai FACTORY ADD. Gato. 679, Village Khalad, Tal: Parandlat, Dist: Pune - 412.301. Ph: (02115) 297234Statement of the pactevta Directors) Rules, 1988 fori AJAY BIO-TECH (INDIA) LTD. OFFICE ADD : 3nd Fone, "NETSURF” Rdg Se No. 107, Plot 2 Hamer Road, tapes, Pune = 4104S, Sate : Makarashra, Tel: 920 = 6711 1010” Website : wwwrajaybiorechcom. Email = inla@saysioin CIN : U73LQ0PNL9%OPLCOSS033 INNOVATORS IN BIOTECHNOLOGY ‘An 180.9001, 14001 48001 Company & 'DSIR' Approved RAD ANNEXURE -2 TO THE BOARDS’ REPORT; fo the Compinies (Disclosure of puiticulats int the report of Board of 1 part of Directors’ Report for the year ered 3!" March 2023, All amounts in this Annexure are tn INR, Lakhs 1. Comsersation of Energi a. Eneney conservation ineasures taken. - No special measures are taken. 4, Additional Investments and proposals. ifany being iniplemented.- Nil i Imp! of Messurés of (a) & (b} aloe for reduction of energy consumption & consequent impact on cast of production: Bt is dient 1 quantify: the impuct of eheriey conservation iL Energy Consumpcion Particulars: UNIT: KHALAD, PUNE: Power and Fuel Consumption Amount ln INF Lasklts SrNo | Particulars ~) Curreat year Previous Year| i | Blectriiy _ t | a [Purchased : 7 a19831 | “Total Amoune st sua Rate Per unit Twas Own Generation Through DG Set = 1 Cosi per KWH RS) = [Coal [Not agpticabie FURNANCE O1L/L.D.0 Noi Applicable Nex applicable FACTORY ADM: Gat No, 679, Vilage Khulad, Tal: Murandoe Dist: Pune 412 301. Ph (02018) 207234Unrr= AJAY BIO-TECH (INDIA) LTD. OFFICE ADD» nt Floor, ‘NETSUME Bldg, St No, 107, Plot Na 2.faner Road, Baer, Pune : 421045, State: Maharastra Tel: 02. €7A1 1010 Wetsite ; wwvaiaytiatechcom Email : info@ajaymoin CIN ; UTSLOOPNISaNeLCOSSOT3 INNOVATORS IN BIOTECHNOLOGY 9001, 14001 £ 45001 Company & ‘DSIR’ Approved RED 1: HIMACHAL PRADESH :Pawer cd Fuel Consumption Amount in INR Lakhs: | Particulars Current year Electrictiy Units “Total Aimwut (Rs) 2. FormB TECHNOLOGY ABSORPTION, Rb A tic iv 8 ‘ ESEARCH & DEVELOPMENT Spee tens In whic R&D is enrried ut Rio Fertilizers and Organic Manures Bio Pesticides Bioestimalante Fishery Products Public Health Products Veterinary related products Benufite derived as a result of the uboyer Contribution 10 Organic Farming offerine biopioduct as an alternative of elvernieal pesticides & chemical fertilisers Animal care prsducts offered as ayurvedic fierulations lakes cate urtimal Halil om Feo- friendly basis Herbal extract based formulations offered. sutstential eonimbution to otuniic & bo. vicide offers replacement of dreadk! chemical lke DDT & Malathion ete Fishery products offering solution jo dreaded WSSV disease. Manufacturing cattle feed with novel formalation, C. Future Plins of wetion: ii, i. Wy. 4 vil To develop Biocaialyst Cleaners catering household market ‘To develop Liquid Vaporizer for malarial! dengue Comtrol To focvs.on Veterinary Segment controlling diseases To develop human ear praxduicts based on herbxl formulations, To make 8 & Das GMP NABL Ish, To make public health related products To enier inv animal vaccine marker Expenditure om R&D Current year Previons Year SSS ees FACTORY ADD: Git No. 879, ¥iLige Whalad, Tal: Purssdae, Dist: Pune - 412301. Ph [B31 15} 297224AJAY BIO-TECH (INDIA) LTD. OFFICE ADD : 3rd Floor, ‘NETSURF Bldg., Se. No. 107, Plot No, 2, Baner Road, Banes, Pune: 414045, State: Maharashtra ‘Tels 020 - 6711 1010 Website : wewalaybiotech com ‘An Iso 900: 1. [Capital Ginc Der] 7.8 Revere Expenditure) 2 Revenue - Expeni Emall + info@ajaybioin CIN : U7ALO0PNI99OPLCOSSOS3 INNOVATORS IN BIOTECHNOLOGY 1, 14001 & 45001 Company &'DSIR' Approved R&D 736 Development work is continuously undertaken by the Company. No Separate record of the overhead and recurring expenditure incurred on R & D is maintained. ‘TECHNOLOGY ABSORPTION, ADOPTION AND INNOVATIONS. Amount in INR Lakhs Sr | Partiewiars | Current year No Previous Year Earnings in foreign Exehan; i._| Export of Goods 1341 2s wa Expenditure in Foreign Exchange : i | Purchases i i__| Expensi For and on Behalf of the Board of Directors of Ajay Bio-Tech (Lodia) Limited , wer a ‘Sonjon Metpen SUJSIT'JAIN SANJAY MALPANL MANAGING DIRECTOR: DIRECTOR: DIN: 01463586 DIN: 00901995 Date: 05.09.2023 Date: 05.09.2023 Place: Chennai Place: herve bade SUBRATA SARKAR WHOLE-TIME DIRECTOR DIN; 07202004 Date: 05.09.2023, senna FACTORY ADD. Gat No, 879, Village Khalad, Tal: Putstdat Dist:-Pune- 412 301,Phué (02215) 297234AJAY BIO-TECH (INDIA) LTD. OFFICE ADD + 3rd Flosr, "NETSURE' Bag, Se No 107, Plot No 2, ner Road, Baner: Pune > #21045, State: Maharashtra Tel: 020 ~ 8711 1070 Website wwwalaybiotecicom Email + info@aiaybloin CN + U73100PNI990RLC35033 INNOVATORS IN BIOTECHNOLOGY An {$0 9601, 14901 & 45001 Company & 'DSIR' Approved R&D ANNEXURE - 1 ANNUAL REPORT ON CSR ACTIVITIES [Pursuant to clause (a) of sub-seedan (3) of section 134 and of the Actand Rule 9 af the Companies (Corporate Social Responsibility) Rules, 204] To, The Members, Ajay Bioweeh (odin) Limited Your Direstors have pleasure in presenting the Annus! Report on CSR Activities for the financial year ended a8 om 31% March 2023, As per the provisions of" section 135 of the Comspaties Act. 2013 the compliance of the conditions of corporate sosial responsibility is the responsibility of the mawgemem. Your company inteads to allocate up to 2% of hs average net profits (Le. PBT) of last three Financial years on CSR acti vities |. A-brief outline of the company's CSR policy, including overview of projects or progenms proposed 10 be nndertaken: Your Company maintains sandard of corporate conchct towards its sharcholders, customers; emplayees, all other stakeholders and society im ueneral, ‘The Company hus always focused om corporate sueial responsibility. ‘The ‘Caponite Social responsibility will help in ensuring’a long-term balanced & inclusive grow! Tothat effect, Ajay HioeToeh (India) Limited has swlopred the policy of Corporate Social Responsibility 20.comply ‘with CSR, 2. Coniposition of CSR Committee: Asan 31" March 2023 the composition and staus of CSR Conmmittee of Ajay BioTech Tawi) Limited is as detailed below: [Sr | Name of Director Designation | Number ofmectings | Number of Ne, (Nature of | of CSR Committee | meetings of COR Directorship | held during the year | Committee attended during tho year |} | Mr. Sanjay Matpaai Director 2 2 20 | Mrs, Dihanabsiktini 7 2 Sriramaprased RERES _ 7 2 3 “| Mr. Sujit Sehantal Jain “ 2 a [Me Bhavesh Javan 2 z Mehus z z j * | DpSubrata Sarkar Sane Th = ? [Director | FACTORY ADD: Gat No. 879, Vilage Khaiad, Tal: Paranda, Dist: Prime - 412-201, Phe (028 15} 2072346 AJAY BIO-TECH (INDIA) LTD. OFFICE ADD + and Floor, ‘NETSUME Allg, SFNo. 107, Plot No 2, Baner Road, Baner, Pure 411945, Stace : Maharashtra, Toke 120 = G7EL 1OI Webalwe ; wowmjaybomcicom ‘mail : infotajaysio.m CIN ¢ UT3IONPNIGIOPLCOSSD33. INNOVATORS IN BIOTECHNOLOGY: An ISO 9001, 14001 & 45001 Company &'DSIR’ Approved R&D 2. Provide the web-link where Composition of CSR committee, CSR Policy and CSR projects appraved by the hoard wre disclosed on the website of the company — littys. jay! eo! under wvestor section 4. Provide the executive summary along with web-link(s) of Impact Asscesment af CSR Projects carried Out in pursuance of sub-rule (3) of rule &, if applicable - NOT APPLICABLE the Com, 201) The details of Net Profil af’ the Company as per section 13543) of the Companies Act, 2013 are as follaws: [ ‘Amount in Re. FY 2019-20 FY 2020-21 (April t | Particulars Net Profit before Tax ‘Net Profit before Tax Lax por section 198 ; 3 4 Average # yeams profit 1S,51,79,414 sk tivity Grows Amount &é 2%, 31,053,588 Rs. 31.03.58 Projects or programs oF activities of the previous financial vears - NA Amount required to be set of! Sar the financial vear, ifany- 28,59,162.53- e) Total CSR obligation IL year (Shr Se-Sd) - Re. 244.426 th) Two percent of average tet profit of the company ay per sub-section (3) of Section | te) Surplisarising out of the the Fira ‘#) Attouat spent on CSR Projects (both Ongoing Project and other than Ongoing Project).: Rs. 31,03.588 (b) Amount spent in Administrative Overheads: NA (€) Amount spent on Impact Assessment, if applicable: NA (A) Total amount spent for the Financinl Year (Ga+6brtbe}s IRs, 31,(08.588 /- (e} CSE amount spent or unspent for the Financial Year: ‘Total Amount Amount Unspent (im Ri) Speait frie the Total Amount transferred | Amount transferred to any fund specified under Financial Year.) sa Unspent CSR Account | Schedhile VII as per second proviso to sub-section (in Rs as pee sub-seetion (6) of — | (3) of section 135, section 135, Name of the Fund Date of Amount Date of transfer transfer. fin Rs) FACTORY ADD: Gat No. B79, Village Malad, Tal: Putandae Mist: Pane 412 301. Ph: (02118) 297224AJAY BIO-TECH (INDIA) LTD. OFFICE ADD : 3rd Flour, ‘NETSURF Bldg. St Ne. 107, FlocNo 2.Baner Road. Bane, Pune 411045, Sate: Maura, Tel: O20 = 6711 1010 Website ; wwoajaybiotechcam Email : inioéaaybioin CIN : U73LONPNISBOPLCOESO33 INNOVATORS IN BIOTECHNOLOGY d RED RS 31,03 58H NA | NA (f) Excess amount for set-off, if'an; —SINo,| Particular ~ | Amount din Bs) wv Two percent of average act profit of the company as per sub- bestion (8) of Bs (i) | Total CSI Obligstion for the financial year as per Ste} above {ii Total amount spent for the Financial Year Yi) [Excess amount spent forthe fina “W) | Sunplas arising out of the CSR projects oe pry a | ta) [Aitoant available for set off in succeeding financial years vind i a 7. Details of Unspent Corporate Social Responsibility amount far the preceding three Financial Years: Si] Preceding [Amount | Balance | Am Amount Amount | Deficiency, No} Financial | transferred) Amount | Spent in | transfered toa ir Year(s) 0 Futnd as specified any Unspent) Unspent under sR SR Schedule VIL is Account | Account per under sub- | ander second proviso to section (6) | subsection subsection (5) of of (6) of section 138, section 135 | section ifany (in Ruy 138 tin Rs) 1 | 9 Ni, NIL Ni NI RIL NIL 2 | 201920 NIL NIL Nit NIL xD NIL y | 0aT NIL Nit Ni. NiL [Nil Nil NL | tetar NIL NIL NIL NIL NIL NIL NIL Whether any capital assets have beet created or acquired through Corporate Social Responsibility ammount spearin the Financial Year: NOT APPLICABLE IF yes, enter the mumber of Capital assets created nequireds NOT APPLICABLE FACTORY ADD: Gat No. 979. Vilage Kihslad,Tal- Puan, Dist: Pune = 422301. Ph: (02125) 297738AJAY BIO-TECH (INDIA) LTD. OFFICE ADD : ard Floor, ‘NETSURF’ idx, St No. 107, Plot No. 2,BanerRosd, Ganer, Pune: 411045, State: Maharashtra ‘Tel: 020 - 6711 1010 Website + wowajaybitech com Emall : info@ajaybioin CIN: U73100PN1990PLCOSS033, INNOVATORS IN BIOTECHNOLOGY An ISO.9001, 14001 & 45001 Company & 'DSIR’ Furnish the details relating to such asset(s) 90 crested or acquired through Comporate Social Responsibinte ‘amount-spent in the Financial Year: SL] Short particulars of | Pincode of | Date of | Amount | Detai of entity/ Authority/ beneficiary No. | the property or the property | creation] of of the registered owner asseliis) or asset(s) csR linctuding comptete Amount addtess nud location spent of the property] © [er @ @ © 6) | NA NA INA A NIL CSR Name | Registered Registration address Number, if applicable iA NA A 9. Specify the reason(s), if the company has faited to spend tro per cent of the average net profit as per ‘Subsection (5) of section 135.: NOT APPLICABLE AJAY BIO-TECH (INDIA) LIMITED Bee , Senjog Mapes J, ghae— SUJIT SOTANLAL JAIN SANJAY MALPANI SUBRATA SARKAR MANAGING DIRECTOR DIRECTOR WHOLETIME DIRECTOR DIN: 01463586 DIN: 00901995 3 PLACE: Chensal PLACE: Cherie DATE: 08.09.2023 DATE: 05.09.2023 DATE: 05,09,2023, FACTORY ADD: Gat No. 879, Village Khala, Tal: Purandar, Dist: Pune - 412 301. Ph: (02115) 297234AJAY BIO-TECH (INDIA) LTD. OFFICE ADB = Sri Floor, 'NETSUNF’ Midy., Sr ¥; 107, Flot No.2, Baner Koad, Raney, Pune : 421045, Sate: Maharaihera Tek Wt = 6741 1) Weblte + wwwsjaytioterdcum Emall : infoi@ajaysioin CIN: 738 00PNIS9QPLCOSSOI3 INNOVATORS IN BIOTECHNOLOGY An IS 9001, 14001 ANNI 310 THE BOARD'S REPORT MADE WITH RELATED Pl ES (FORM (ADC-2) Form for disclestire of particulars of contracts’arangements entered into by the company. with related partis referred to in sub section (1) of section 18 of Companies Act 2003 incline cerain arm's length Transactions unde third proviso thereto: 1) Details of contracts or arrangenients or transactions not at arm’s length basis: Nameof [Nature of | Duration | Salient | Justification | Dae of related | contracts, | of terms for ciitering | upprov party arrangeme | contracts/a | ofthe inte euch | al paid ay | special and nt und rangeme | contrasts or | contracts or | by the advance. resolutto nature et — transaction | nt arrangemen | urrangemen | Board, ¢, 8 relationshi | s sltransactio | ty ts it ifany | was b 4 or or parsed ms transactions. transactions in lees | necting required NOT APPLICABLE 2) Details of materia! contracts or arn. Name of Darition Of] Salient terms | Justification related purty contracts! | of the for entering sand mature arrangeme | contracts or | inte stich of 7 arrangement | contrnets oF relationsliip: (stramsacti arrangements ifany ifany [em 7 or transactions | transactions [Neuer Sales Continual) "Sale NCPL is | Transaction | Nil Communication Purchase | direct selling — | has been. 5 MOU for | éormpanyy with | approved Private Limited mapufacturia | product by Board «NCL gofeustam | portfolio on tae nde consistingof — | April, 202 products. | agriculture, io | and by Transaetions | product, shareholder is a) arm's| cosmeticand | Feng a on 30th | = in onfinany | September. | FACTORY ADD Cat Na. 879, Villige had, Tal: Purana: Dis: Pune 412.301 Phas (O2N1S) 297234 45001 Company & ‘DSI’ Approved REDAJAY BIO-TECH (INDIA) LTD. OFFICE ADD : ard Floor, ‘NETSURF’ idx, St No. 107, Plot No. 2,BanerRosd, Ganer, Pune: 411045, State: Maharashtra ‘Tel: 020 - 6711 1010 Website + wowajaybitech com Emall : info@ajaybioin CIN: U73100PN1990PLCOSS033, INNOVATORS IN BIOTECHNOLOGY An ISO.9001, 14001 & 45001 Company & 'DSIR’ Furnish the details relating to such asset(s) 90 crested or acquired through Comporate Social Responsibinte ‘amount-spent in the Financial Year: SL] Short particulars of | Pincode of | Date of | Amount | Detai of entity/ Authority/ beneficiary No. | the property or the property | creation] of of the registered owner asseliis) or asset(s) csR linctuding comptete Amount addtess nud location spent of the property] © [er @ @ © 6) | NA NA INA A NIL CSR Name | Registered Registration address Number, if applicable iA NA A 9. Specify the reason(s), if the company has faited to spend tro per cent of the average net profit as per ‘Subsection (5) of section 135.: NOT APPLICABLE AJAY BIO-TECH (INDIA) LIMITED Bee , Senjog Mapes J, ghae— SUJIT SOTANLAL JAIN SANJAY MALPANI SUBRATA SARKAR MANAGING DIRECTOR DIRECTOR WHOLETIME DIRECTOR DIN: 01463586 DIN: 00901995 3 PLACE: Chensal PLACE: Cherie DATE: 08.09.2023 DATE: 05.09.2023 DATE: 05,09,2023, FACTORY ADD: Gat No. 879, Village Khala, Tal: Purandar, Dist: Pune - 412 301. Ph: (02115) 297234BIO-TECH (INDIA) LTD. OFFICE ADD c iid Flour, ‘NETSURF’ tdg, Se Mo 107, Plot No.2. Baner Road, Banes, Pune : 41104, state: Maharashtra Tels (2M - S721 1010 Website + warwajaybiocect.curn Email : infoi@ajaybioin CN : 73i00PN1490PLCDS5033 INNOVATORS IN EIOTECHNOLOGY An ISO 9001, 14901 & 45001 Company & 'DSIR' Approved R&D FORM AOC 3) Section 129 red with Rule Sof the Companies (teventsd Run, 201.4) ¢Peorsuaat to first proviso ws stcbenet ing salient features of the fansial statements of Subsidiaries of the Company. Part A: Subsidiaries: Nat Applicable ( Name of the Sabstaiany ro |The date since whea the subsidiary aequired Nil | Reporting period for the subsidiary concerned, W different | Nil | {irom the holding Campany"s reporting per Reporting Currency and exchange rate -ax last date | Nid fof the relevant financial year in case uf foreign subsidiaries: = | hare Capital: Rit Reverves and Surplus: Nil [Tomraas — Nil a | Total Li [Nil bo ———————— ——S— 4. Investments Nil Turnover Nil | Profiti(l.oss) Before Taxation [Nil | “Provision for Taxation Nil Profit(Loss) After Taxation Nit ‘Proposed Dividend Nir | areholding [Nil | L Part Il: Name of subsidlaries whieh are yet to eammence nperations: Not Applicuble FACTORY ADD: Gut No 874, jae Kala, Tal: Purandar, Dist: Pune 41? 301, Ph: [02115] 297284AJAY BIO-TECH (INDIA) LTD. OFFICE ADD : ard Floor, 'NETSURF" Midg. Sr.No. 107, Plot No 2, Baner Road, Banc, Pune : 411045, Sate : Maharashtra, ‘Tels 020 - 6711 1010 Website + wirwajaybiotech com {nfo@ajaybioin CIN : U78100PNi990PLCOSs033, INNOVATORS iN BIOTECHNOLOGY ‘An ISO 9001, 14001 & 45001 Company & 'DSIR' Approved R&D Part B Associates and Joint Ventures Statement pursuant to Section 1293) of the Companies Act; 2013 related to Assoclate Companies and Jaint Ventures ame of Associates/Ioint Ventures Netsurf Bio-Tech Private Limited | significant influence “4 Reasais why the astociatejjoint venture is not consolidated Narne {Latest audited Balance Sheet Date | 31.03.2023 = 2, Shares of Associate/Toint Ventures - held by the company on the year end _ - No. 30,000 Equity Shares of R&.107 each Aimount of Investment in Assoviates/Joint Venture Rs, $00,000 Extend of Holding % 50% ‘EDeseription of how there is "| The Company owns 50% Stake in Equity Share Capital Not Applicable as the Associate is consol 5. Net worth attributable to Shareholding as per latest audited Balance Sheet | -30,07.000 6. Profit Loss for the year i. Considered in Consolidati ii, Not Considered in Consolidation ~46,96,500 For and on Behalf of the Board of Divestors of Aly Blo-Tech (India) Limited ? — Sanjoe, TMlps SUMIT JAIN SANJAY MALPANI MANAGING DIRECTOR DIRECTOR DIN: 01463586 DIN: 00901995 Date: 05.09.2023 Date: 05.09.2023, Place: Chennat Place: Chennai Joyback SUBRATA SARKAR WHOLE-TIME DIRECTOR DIN: 07202004 Date: 05,09.2023 Place: Lhennai FACTORY AND: Gat Ho. 679, Village Khalad, Tal: Purandar Dist: Pune 412 301. he (02115) 297234