MY TURF HOSPITALITY PRIVATE LIMITED CIN; U74999PN2018PTC174183; Email: yogesh@tribestays.com Hills & Dales, S. No 13/14 Undri, Pune ~ 411 028 Reg Office: ‘BOARD'S REPORT To The Members of ‘My Turf Hospitality Private Limited The Directors have pleasure in submitting their Annual Report of the Company together with the Audited Statements of Accounts as at 31" of March, 2022, FINANCIAL HIGHLIGHTS ‘The Company's Financial performance for the year ended March 31, 2022. (hereinafter referred as “financial period”) under review are given hereunder: Amount in Rs. a Particulars 2021-22 2020-21 Revenue from Operations 3,69,65,264.00 12,04,399.00 Other income 10,56 589.00 7,28,601.00 Total Income 3,80,21,852.00 19,33,000.00 Expenses excluding depreciation and amortization 9,24,98,458.00 3,02,15,775.00 | Depreciation and Amortization 38,6301059 16 58,465 00 Total Expenses '9/63,61,468.00| _3,18,74,240.00 Profit/Loss before Exceptional and Extraordinary Items . | and Tax (5,83,39,616.00) | __(2,99,41,240.00) Exceptional items 000 0.00" Profit Before Extraordinary Items and Tax 15,83,39,616.00) | (2,99,41,240.00) Extraordinary items ol 000 0.00 Profit/ (Loss) before Taxation 5 (5)83,39,616.00) | (2,99,43,280.00)_ ‘Less: Tax Expenses : = | Current Tax 0.00 0.00 | Deferred tax A (2,70,213) 1,47,284.00 ‘Net profit/ioss for the period 15,80,69,403) | _(3,00,88,524.00) | ~ ——————————agatvith camSeanner canned with CamScannerDIVIDEND | In view of losses, your Directors do not recommend any dividend for the Financial Year ended 31" | March, 2022. | THE STATE OF COMPANY'S AFFAIRS The Company is engaged in the business of providing managed residency to students which includes provisions of rental accommodation along with furniture and electronic appliances whether taken on rent or owned by Company and related amenities. There has been no change in the business of the Company during the financial year ended 31st March, 2022. ‘TRANSFER TO RESERVES IN TERMS OF SECTION 134 (3) (J] OF THE COMPANIES ACT, 2013 ‘The loss amounting to Rs. 5,80,69,403/- has been transferred to Reserves and Surplus. INFORMATION ABOUT SUBSIDIARY/ JU/ ASSOCIATE COMPANY Company does not have any Subsidiary or Associate Company, but the company has a Joint Venture “Tribe Stays” and "Tribe Livsmart LLP”. ‘TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCTION AND PROTECTION FUND ‘The provisions of Section 125(2) of the Companies Act, 2013 do not apply as there was no dividend declared and paid. JATERIAL, JETWEEN THE DATE OF BALANCE SHEET AND THE DAT! REPORT There have been no material changes and commitments aff 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 the report, except as disclosed elsewhere in this report. ETA IN RATE SOCIAL RESPONSIBILITY INITIATIVES The Company has not developed and implemented any Corporate Social Responsibility initiatives as the said provisions are not applicable. Scanned with CamScanner‘DEPOSITS: During the year under review, the Company has not accepted any deposits from public during the year However, the company has accepted sum from its directors and their relatives which is considered as exempted deposit. WEBLINK OF ANNUAL RETURN ‘The company does not have any website. Therefore, the provisions of Section 134 (3) (a) read with section 92 (3} of the Companies Act, 2013 relating to publication of annual return are not applicable to the company. (MEETINGS OF THE BOARD OF DIRECTORS During the financial year under review, the Board met 5 times viz., June 30, 2021, September 30, 2021 November 18, 2021, January 11, 2022, March 10, 2022. The maximum interval between any two ‘meetings did not exceed 120 days. Details of attendances are as under: No. of Board Meetings Sr.No. | Director Held Attended Yogesh Lajpatrai Mehra 5 5 | Deepak Prakashchand Soni s _ ‘Shantam Yogesh Mehra Sar oe s Ebrahim Taher Chiniwala 5 -_ Ss ‘Nandkishor Govindlal Mundada 5 | 5 ‘DIRECTORS AND KMP During the financial year under review, there has been no change in the Board composition of the Company. DIRECTORS’ RESPONSIBILITY STATEMENT Pursuant to Section 134(5) of the Companies Act, 2013 the Board of Directors of the Company confirms that- {a) In the preparation of the annual accounts, the applicable accounting standards had be: followed and there were no material departure; (b) The directors had selected such accounting policies and applied them consistently and - Scanned with CamScanner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 loss of the company for that period: {€) The directors had taken proper and sufficient care for the maintenance of adequate ‘accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; (4) _The directors had prepared the annual accounts on a going concern basis; and (e) Company being unlisted sub clause (e) of section 134(3) is not applicable. (f) 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. com IN D BY DIRECTORS FROM HOLDING/SUBSIDIARY During the year under review, the Director of the Company does not receive any commission from holding or subsidiary company the provision of the section 197 (14) of Companies Act, 2013. ‘AuDITORS Inthe Annual General Meeting of the Company held on December 31, 2019, M/s PRASS & Associates LLP (Firm Registration No. 107816W/W100222), Pune, were appointed as the statutory Auditor of the ‘Company for the period of five years starting from the conclusion of Annual General Meeting held on December 31, 2019 till the conclusion of the Annual General Meeting to be held in the year 2024. om VAT IUALIFI 1S IN AUDITOR'S RI REPLY BY THE |EMENT ‘There are no qualifications or adverse remarks in the Auditors’ Report which require any clarification/ explanation. The Notes on financial statements are self-explanatory and needs no further explanation. REPORTING OF FRAUO BY STATUTORY AUDITORS Further there was no fraud Suspects in the Company, hence no reporting was made by statutory ‘auditors of the Company under sub-section (12) of section 143 of Companies Act, 2013. COST RECORD AND/OR COST AUDIT During the year under review, your company does not fail within the provisions of Section 148 of records required to be maintained. Scanned with CamScanner- aa PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS BY COMPANY There were no loans given, guarantees or investments made by the Company under Section 186 of the Companies Act, 2013 during the year under review, RELATED PARTY TRAN: During the financial year under review there has been related party transactions made By th with Promoters, Directors, Key Managerial Personnel or other designated persons which may have potential confict withthe interest of the Company at large, further form no. AOC:2 is annexed herewith ‘as Annexure: 2 CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING AND ouTso: ‘The information pertaining to conservation of energy, technology absorption, Foreign exchange Earnings and outgo as required under Section 134 (3)(m) of the Companies Act, 2013 read with Rule 8(3) of the ‘Companies (Accounts) Rules, 2014 is given as below: 12) CONSERVATION OF ENERGY ‘The operations carried out by the Company are such that they are not deemed as energy intensive, However, the Company constantly makes efforts to avoid excessive consumption of energy. The measures are aimed at effective management and utilization of energy resources and resultant cost saving of the Company. b) TECHNOLOGY ABSORPTION (0) Efforts made towards technology absorption Nil (il) Benefits derived 95 a result of the above efforts = ON (ii) Technology imported during the last three years : ON (iw) Expenditure incurred on Research and Development: Nil ¢) FOREIGN EXCHANGE EARNING AND OUTGO Foreign Exchange Earning. a) Foreign Exchange Outgo : Ne Scanned with CamScanneryy RISK MANAGEMENT Periodic assessments to identify the risk areas are carried out and m risks in anagement is briefed on the advance to enable the company to control risk through 2 properly defined plan The risks are classified as financial risks, operational risks and market risk. The risks are taken into account while preparing the ar. The Board decides that this being the first year of the Company, the annual business plan for the ye identifying the financial Risk Management Policy would be Implemented in the next year after analyzing/ risks, operational risks and market risks which are applicable to the Company. yRe_UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND RED! CT, 2013 Pursuant to Section 22 of the Sexual Harassment 2013 read with Rule 14 of th ‘at no complaint / case has been filed / p tof Women at Workplace (Prevention, Proibition and Redressal) Act, 1c Rules issued thereunder, the Internal Committee fending with the constituted under the said Act has confirmed th: ‘Company during the year. (EIR ADEQU) INTERNAL CONTROL. ‘nancial statement and their adequacy has been dul ‘The internal control system with respect to fi ly taken care by the Board of Directors of the Company and it has also been reviewed by the statutory auditors. ‘The internal controls exist in the system and that sufficient measures 2r° taken to update the internal ‘as and when needed. The system also ensures that all transactions are appropriately control system, authorized, recorded and reported as and when required. EEDING UNDER INSOLVENCY AND ct at BANKRUPTCY CODE, 2016 ‘The Company has not made any application and there is nO Bankruptcy Code, 2016, proceedings pending under Insolvency And ia BETWEEN THE OF THE Vi JE AT THE TIME OF MENT AND THE Vi |ON DONE WHILE TAKING A LOAN FROM THE BANKS OR [FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF ‘There being no One-time Settlement this is not applicable to the Company. Scanned with CamScannerCHANGES IN SHARE CAPITAL During the year under review, the Authorized Share Capital and Paid up Share Capital of the Company remained unchanged. Further the Company has neither allotted any sweat equ OF bonus shares or any shares under the employee stock option plan nor has bought back any shares or ecuritie: ‘ORDER OF COURT ‘There are no significant and material orders pasted by the regulators or courts or Tribunals impo: the going concer status and company’s operation i? future. ACKNOWLEDGEMENT ‘Your Directors wish to express their grateful a fation received from preciation to the continued co-oPer the Banks, Government Authorities, Customers Vendors and Shareholders during the year under review. Your Directors also wish to place on record their deep sense of appreciation for the committed service of the Executives staff and Workers of the Compan” For & on behalf of the Board of Directors My ppIVATE LIMITED NA Shanti Yogesh Mehra Yor DIRECTO DIRECTOR IN: 01972489 DIN: 08034897 DATE: September 09, 2022 DATE: September 09, 2022 PLACE: Pune ‘Annexure 1 - Form No. AOC-2 canned with CamScanner(muna a clae (of ub section (Na actin fo mrangerrert 0 a he Ae ad Ra 7) fhe Canis Aen ate, 2048 ‘elu, any rarnactons| a o e @ a | —a [= eins of atari cea aang o/WansnCions a eng Da [Reet owe eines pry os coor Daratonalthe [Salen terms of he coral isifationforentwing| Gat)! | Amount paar Tnstwectrutonns — |eontracularangementstransact|| comnts ‘eraraneementsor | lntosuch contractsor | approval bythe | advances ane om Jarcngementatramac| transactions mcudingthe | arrangements or | Bours Ifary lens ‘ue fan ‘warsactons a eH @ is, 2] if i] Scanned with CamScanner