To,
THE MEMBERS
Your directors are pleased to present herewith the 12th ANNUAL REPORT
together with the Audited Financial Statements and Auditors' report thereon for the year
ended 31st March, 2025.
FINANCIAL RESULTS / STATE OF COMPANY AFFAIRS:
The Financial Results of the Company for the year ended on 31st March, 2025
are as follows:
(Amt. in Thousand)
|
Standalone |
Consolidated |
|
2024-25 |
2023-24 |
2024-25 |
2023-24 |
Total Income |
21,63,928,735 |
18,74,925,922 |
21,63,929,817 |
18,78,963,752 |
Profit / (loss) Before Depreciation, Amortization and Taxation |
1,88,685,367 |
87,580,340 |
2,10,194,089 |
88,303,495 |
Depreciation and Amortization |
24,228,721 |
20,982,138 |
26,207,252 |
21,270,144 |
Profit / (Loss) before Taxation |
1,64,456,646 |
66,598,202 |
1,83,986,837 |
67,033,351 |
Current Tax |
37,486,273 |
13,105,745 |
40,168,272 |
13,105,745 |
Deferred Tax Liability |
3,959,193 |
2,578,106 |
4,699,248 |
2578.106 |
Minority Interest Company-1 |
0.00 |
0.00 |
4,405 |
5,341 |
Minority Interest Company-2 |
0.00 |
0.00 |
7,886,828 |
207,882 |
Profit / (Loss) after Taxation |
1,23,011,180 |
50,914,351 |
1,31,228,084 |
51,136,277 |
PERFORMANCE REVIEW
During the year under review, your company has recorded total income of ? 216,39,28,735
as compared to previous year's revenue from operations of ? 187,49,25,922. Net Profit
after taxation was ? 12,30,11,180 as compared to Net Profit after taxation of ?
5,09,14,351 of previous year.
During the year under review, your company has recorded consolidated revenue from
operations of ? 216,39,29,817 as compared to previous year's consolidated revenue from
operations of ? 187,89,63,752. Consolidated Net Profit after taxation was ? 13,12,28,084
as compared to Consolidated Net Profit after taxation of ? 5,11,36,277 of previous year.
Your Directors are hopeful to keep the momentum of increased revenue and profitability.
DIVIDEND AND TRANSFER TO RESERVES:
To conserve the resources, your directors do not recommend any payment of dividend for
the year under review. Further, the Company has not transferred any amount to reserves
during the year.
MATERIAL CHANGES AFFECTING FINANCIAL POSITION OF THE COMPANY:
There have been no material changes or commitments affecting the financial position of
the Company which have occurred between the end of the financial year under review and the
date of this Report.
CONVERSION OF COMPANY:
As approved by shareholders at the Extra Ordinary Genera Meeting held on 15th
May, 2024, the Company has been converted into Public Limited Company from Private Limited
Company and necessary fresh certificate to that effect has been issued by Registrar of
Companies, Centra Processing Centre on 30th July, 2024.
SHARE CAPITAL OF THE COMPANY:
Board would like to appraise that the Company has issued and allotted 34,24,800 equity
shares of ?10/- each at an issue price of ?175/- per share (including a premium of ?165/-
per share) through Initial Public Offering (IPO). Your Directors are pleased to inform you
that the Company's securities have been listed on the SME Platform of BSE Limited (BSE)
with effect from 03rd March, 2025.
Post the IPO, the issued, subscribed and paid-up equity share capital of the Company
stood at ? 12,92,11,330/- comprising 1,29,21,133 equity shares of ?10/- each as on 31st
March, 2025.
Board is thankful to the public shareholder for the overwhelming support by subscribing
to the IPO of the Company.
HOLDING, SUBSIDIARIES, JOINT VENTURE OR ASSOCIATE COMPANIES:
• On 30th June, 2025, the Company acquired the remaining 49% equity
stake (4,900 equity shares) in its Subsidiary Company- Asawara Industries Limited, thereby
increasing its shareholding from 51%to 100%.
Pursuant to this acquisition, Asawara Industries Limited has become a Wholly Owned
Subsidiary of the Company.
• During the year under review, Asawara Industries Limited and Beezaasan Defence
Industries Limited continues to be a subsidiary of the Company.
• The Company does not have any Joint Venture or Associate Company.
• The details of subsidiaries in prescribed form of AOC- 1 are given as
Annexure-I.
DIRECTORS/KEY MANAGERIAL PERSONNEL:
During the year under review, the following changes took
place in the Board:
1. Mr. Sabber Mohammad (DIN: 10442935) has been appointed as an Additional Director and
further appointed as Whole time Director of the Company for the term of 3 years w.e.f. 9th
May, 2024. Shareholders at the Extra Ordinary General Meeting held on 15th May,
2024 has approved his appointment. He resigned as the Whole time Director of the Company
w.e.f. 22nd August, 2024 and was appointed as the Non-Executive Director on the
same date. He, then resigned as Non- Executive Director w.e.f. 11th November,
2024.
2. Mr. Navneet Somani (DIN: 01782793} has been appointed as Chairman & Managing
Director of the Company for the term of 3 years from 9th May, 2024.
Shareholders at the Extra Ordinary General Meeting held on 15th May, 2024 has
approved his appointment.
3. Mr. Kamleshkumar Panchal (PAN: ANVPP8092P) has been appointed as Chief Financial
Officer of the Company w.e.f. 24th July, 2024.
4. Mr. Sunilkumar Somani (DIN: 01766897} has been appointed as Whole-time director of
the Company w.e.f. 22nd August, 2024.
5. Mrs. Ankita Choudhary (PAN: AQPHC8331R} has been appointed as the Company Secretary
& Compliance Officer of the Company w.e.f. 22nd August, 2024.
6. Mr. Suraj Sharma (DIN: 10519814) has been appointed as an Independent Director of
the Company w.e.f. 22nd August, 2024.
7. Mr. Mukesh Kumar Rathi (DIN: 10788856} has been appointed as an Independent Director
of the Company w.e.f. 27th September, 2024.
8. Ms. Ritika Bajaj (DIN: 09652308) has been appointed as an Independent Director of
the Company w.e.f. 5th August, 2024 and resigned from the position w.e.f 26th
August, 2024. She was then appointed as
a Non-Executive Director of the Company w.e.f 18th October, 2024.
After the closure of the year, the following changes
took place:
1. Mrs. Ankita Choudhary (PAN: AQPHC8331R} has resigned as the Company Secretary &
Compliance Officer of the Company w.e.f. closure of business hours of 12th May,
2025. The Board places appreciation for the services rendered by her, during her tenure
with the Company.
2. Mrs. Aakansha Kamley (PAN: EAHPK6778L) has been appointed as the Company Secretary
& Compliance Officer of the Company w.e.f. 29th May, 2025.
As on 31.03.2025 the Board of Directors consist as follows:
Name |
Category |
Sunilkumar Somani |
Promoter- Whole time Director |
Navneetkumar Somani |
Promoter- Managing Director |
Rajan Somani |
Promoter-Executive Director |
Mukesh Kumar Rathi |
Non-Promoter- Independent Director |
Suraj Sharma |
Non-Promoter- Independent Director |
Ritika Bajaj |
Non-Promoter-Non-Executive Director |
DIRECTORS LIABLE TO RETIRE BY ROTATION
In accordance with the provisions of Section 152 of the Companies Act, 2013 and the
Rules framed hereunder, Mr. Navneetkumar Somani will retire by rotation at the ensuing
Annual General Meeting and he being eligible have offered himself for re-appointment. The
Board recommends passing necessary resolution.
MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the Management Discussion and Analysis Report highlighting inter alia
the business performance, risk management, internal control and affairs of the Company for
the reporting year is attached as Annexure - II to this Report.
DIRECTORS' RESPONSIBILITY STATEMENT:
It is hereby stated that:
(a) In the preparation of the annual financial statement, the applicable accounting
standards had been
followed and that no material departures have been made for the same.
(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 of the Company for that year.
(c) The Directors have 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.
(d) The Directors have prepared the annual accounts on 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 and operating effectively.
NUMBER OF BOARD MEETINGS OF THE BOARD:
During the year under review, the Board of Directors duly met 15 times and the details
of attendance of Directors are as follows:
Date of the Board Meeting |
Mr. Navneet Somani |
Mr. Sunil Somani |
Mr. Rajan Somani |
Mr. Sabber Mohammad |
Mr. Suraj Sharma |
Mr. Mukesh Kumar Rathi |
Ms. Ritika Bajaj |
09.05.2024 |
nr |
N.A. |
4 |
4 |
N.A. |
N.A. |
N.A. |
26.06.2024 |
4 |
N.A. |
4 |
4 |
N.A. |
N.A. |
N.A. |
24.07.2024 |
4 |
N.A. |
4 |
4 |
N.A. |
N.A. |
N.A. |
03.08.2024 |
\r |
N.A. |
4 |
4 |
N.A. |
N.A. |
N.A. |
22.08.2024 |
4 |
4 |
4? |
4 |
4 |
N.A. |
4 |
26.08.2024 |
4 |
4 |
4? |
4 |
4 |
N.A. |
4 |
26.09.2024 |
4 |
4 |
4 |
4 |
4 |
4 |
N.A. |
27.09.2024 |
4 |
4 |
4 |
4 |
4 |
4 |
N.A. |
07.10.2024 |
4 |
4 |
4 |
4 |
4 |
4 |
N.A. |
17.10.2024 |
4 |
4 |
4 |
4 |
4 |
4 |
N.A. |
21.10.2024 |
4 |
4 |
4 |
4 |
4 |
4 |
4 |
16.11.2024 |
4 |
4 |
4 |
N.A. |
4 |
4 |
4 |
27.11.2024 |
4 |
4 |
4 |
N.A. |
4 |
4 |
4 |
27.02.2025 |
4 |
4 |
4 |
N.A. |
4 |
4 |
4 |
21.03.2025 |
4 |
4 |
4 |
N.A. |
4 |
4 |
4 |
Total Number of Meetings Attended |
15/15 |
11/11 |
15/15 |
11/11 |
11/11 |
9/9 |
717 |
The gap between two Board Meetings was well within the limit as prescribed in the
Companies Act, 2013. In respect of the meetings, proper notice was given and the
proceedings were recorded and signed. Minutes Book was maintained for the purpose.
INDEPENDENT DIRECTORS' MEETING:
Pursuant to the Act and SEBI Listing Regulations, the independent directors must hold
at least one meeting in financial year without attendance of Non-Independent directors and
members of the Management. Accordingly, Independent Directors of the Company met on
Friday, 22 March, 2025 and:
• reviewed the performance of Non-Independent directors of the company and the
board as a whole;
• assessed the quality, quantity and timeliness of flow of information between the
Company's Management and the Board that is necessary for the Board to effectively and
reasonably perform their duties.
CORPORATE GOVERNANCE:
Since the company is listed on SME platform of BSE, the compliance with the Corporate
Governance provisions as specified in Regulation 17 to 27 and Clauses (b) to (i) of
Regulation 46(2) and para-C, D and E of Schedule V of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, shall not apply to the Company. Hence no
Corporate Governance Report is disclosed in this Annual Report.
However, as a good corporate governance practice, the Company has been complying some
of the important compliance in connection with the aforesaid provisions / regulations
voluntarily.
FAMILIARIZATION POLICY:
The policy and details of familiarization programme imparted to the Independent
Directors of the Company are available on the website of the Company at the www.
beezaasan.com.
DECLARATION BY INDEPENDENT DIRECTORS:
The Independent directors have submitted a declaration of independence, stating that
they meet the criteria of independence provided under section 149(6) of the Companies Act,
2013. The independent directors have also confirmed compliance with the provisions of Rule
6 of Companies (Appointment and Qualifications of Directors) Rules, 2014, as amended,
relating to inclusion of their name in the databank of Independent Directors.
CONSTITUTION OF COMMITTEES:
Various committees were constituted during the financial year 2024-25 which are as
under:
• Audit Committee:
Audit Committee which comprised of following Directors as its members:
Name |
Designation |
Category |
Mukesh Kumar |
Chairman |
Non-Executive |
Rathi |
|
Independent Director |
Suraj Sharma |
Member |
Non-Executive Independent Director |
Navneetkumar Somani |
Member |
Director |
Date of Meeting of Audit Committee-22.10.2024 which has been attended by all the
committee members.
The very purpose of the Audit Committee is to assist the Board in fulfilling its
oversight responsibilities of monitoring financial reporting processes, reviewing the
Company's established systems and processes for Internal financial controls, governance
and reviewing the Company's Statutory and Internal Audit activities. The Committee is in
compliance with the provisions of Regulation 18 of the SEBI (LODR) Regulations, 2015 and
Section 177 of the Companies Act, 2013.
The Company has established a vigil mechanism and oversee through the committee, the
genuine concerns expressed by the employees and other Directors. The Company has also
provided adequate safeguards against victimization of employees and Directors who express
their concerns. The Company has also provided direct access to the chairman of the Audit
Committee on reporting issues concerning the interests of co employees and the Company.
• Nomination & Remuneration Committee:
Nomination & Remuneration Committee which comprised of following Directors as its
members:
Date of Meeting of Nomination & Remuneration Committee - 22.10.2024 which has been
attended by all the committee members.
POLICY ON DIRECTORS' APPOINTMENT AND REMUNERATION:
Pursuant to the requirements of Section 134 and 178 of the Company Act, 2013, read with
relevant rules framed thereunder, the Board has framed a Remuneration Policy. The policy
on appointment of Board Members and policy on remuneration of the Directors, KMPs and
Senior Managerial Personnel is attached as per Annexure - III and can be accessed at the
company's website at www. beezaasan.com.
This policy inter-alia, provides
a) The criteria for determining qualifications, positive attributes and independence of
directors; and
b) Policy on remuneration of directors, key managerial personnel and other employees.
The policy is directed towards a compensation philosophy and structure that will reward
and retain talent; and provides for a balance between fixed and incentive pay reflecting
short and long-term performance objectives appropriate to the working of the Company and
its goals.
Terms of Reference
The Terms of Reference of the Nomination and Remuneration Committee are as under:
1. To identify persons who are qualified to become Directors and who may be appointed
in senior management in accordance with the criteria laid down, recommend to the Board
their appointment and removal and shall carry out evaluation of every Director's
performance.
2. To formulate the criteria for determining qualifications, positive attributes and
independence of a Director and recommend to the Board a policy, relating to the
remuneration for the Directors, Key Managerial Personnel and other employees.
3. The Nomination and Remuneration Committee shall, while formulating the policy ensure
that:
a. the level and composition of remuneration is reasonable and sufficient to attract,
retain and motivate Directors of the quality required to run the Company successfully;
Suraj Sharma |
Member |
Non-Executive Independent Director |
Mukesh Kumar |
Member |
Non-Executive |
Rathi |
|
Independent Director |
Name |
Designation |
Category |
Ritika Bajaj |
Chairman |
Non-Executive Independent Director |
b. relationship of remuneration to performance is clear and meets appropriate
performance benchmarks; and
c. remuneration to Directors, Key Managerial Personnel and senior management involves a
balance between fixed and incentive pay reflecting short and long-term performance
objectives appropriate to the working of the company and its goals:
4. Regularly review the Human Resource function of the Company
5. Discharge such other function(s) or exercise such power(s) as may be delegated to
the Committee by the Board from time to time.
6. Make reports to the Board as appropriate.
7. Review and reassess the adequacy of this charter periodically and recommend any
proposed changes to the Board for approval from time to time.
8. Any other work and policy, related and incidental to the objectives of the committee
as per provisions of the Act and rules made there under.
• Stakeholders Relationship Committee:
Stakeholders Relationship Committee which comprised of following Directors as its
members:
Name |
Designation |
Category |
*Ritika Bajaj |
Chairman |
Non-Executive Independent Director |
Suraj Sharma |
Member |
Non-Executive Independent Director |
Sunilkumar Somani |
Member |
Director |
*Sabber Mohammad |
Member |
Director |
* Ms. Ritika Bajaj was appointed as a Chairman in Stakeholders Relationship Committee
w.e.f 16.11.2024
* Mr. Sabber Mohammad tendered resignation w.e.f 16.11.2024
Date of Meeting of Stakeholders Relationship Committee - 22.10.2024 which has been
attended by all the committee members.
FORMAL ANNUAL EVALUATION:
Pursuant to section 178 of the Act, the Nomination and Remuneration Committee and the
Board has decided that the evaluation shall be carried out by the Board only and the
Nomination Remuneration Committee will only review its implementation and compliance.
Further, as per Schedule IV of the Act and provisions of SEBI Listing Regulations, the
performance evaluation of independent directors shall be done by the entire Board
excluding the directors being evaluated, on the basis of performance and fulfillment of
criteria of independence and their independence from Management. On the basis of the
report of the performance evaluation, it shall be
determined whether to extend or continue the term of appointment of independent
director.
Accordingly, the Board has carried out an annual performance evaluation of its own
performance, that of its Committees, Chairman and individual directors.
DEPOSITS:
The Company has not accepted any deposit within the meaning of Section 73 of the
Companies Act, 2013 during the period under review.
LOANS FROM DIRECTOR:
The balances of monies accepted by the Company from Directors at the beginning of the
year was ? 4,71,09,515/- and at the close of year was ? 2,04,20,052/-
LOANS, GUARANTEES & INVESTMENTS U/S 186:
Particulars of loans given, guarantees provided and of the investments made by the
Company, if any during the year under review are as mentioned in the Notes forming part of
the Financial Statements.
MAINTENANCE OF COST RECORDS AND COST AUDIT:
Pursuant to the provisions of Section 148(1) of the Companies Act, 2013 read with the
Companies (Cost Records and Audit) Rules, 2014, the Company has maintained the cost
records as prescribed under the said Rules for the financial year 2024-25.
The Board of Directors, on the recommendation of the Audit Committee, had appointed
M/s. Ashish Bhavsar & Associates, Cost Accountants (Firm Registration No. 000387), as
the Cost Auditors of the Company for the financial year 2025-26 to audit the cost records
maintained by the Company.
n accordance with the provisions of Section 148(3) of the Companies Act, 2013 read with
Rule 14 of the Companies (Audit and Auditors) Rules, 2014, a resolution seeking
ratification of the remuneration payable to the Cost Auditors for the financial year
2025-26 is included in the Notice convening the ensuing Annual General Meeting.
ANNUAL RETURN:
A copy of the Annual Return of the company for the financial year ended on March 31,
2025 as provided under section 92(3) of the Act, in the prescribed form, is hosted on the
Company's website and can be accessed at https:// www.beezaasan.com/.
PREVENTION OF SEXUAL HARASSMENT AT WORKPLACE:
The Company is committed to provide a safe and conducive work environment to its
employees during the year under review.
An Internal Complaints Committee (ICC) has been set up to redress complaints received
regarding sexual harassment. 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.
The Company is also in compliance of applicable provisions of Maternity Benefit Act,
2017.
CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:
Details of contracts or arrangements with related parties referred to in 188 (1) are as
per Annexure - IV.
SECRETARIAL STANDARDS:
The Board of Directors of the company confirms to the best of their knowledge and
belief that the Company has complied with the applicable provisions of the Secretarial
Standards issued by the Institute of Company Secretaries of India as amended from time to
time and made applicable by the Ministry of Corporate Affairs during the financial year
under review.
STATUTORY AUDITORS AND THEIR OBSERVATION:
M/s. PSV Jain & Associates, Chartered Accountants (Firm Registration No. 131505W),
were appointed as the Statutory Auditors of the Company to hold office for a term of five
consecutive years from the conclusion of the 11th Annual General Meeting (AGM)
held on 31st August, 2024, until the conclusion of the AGM to be held for the
financial year ending 31st March, 2029.
The Statutory Auditors' Report issued by M/s. PSV Jain & Associates for the
financial year ended 31st March, 2025, does not contain any qualification,
reservation, adverse remark or disclaimer.
APPOINTMENT OF INTERNAL AUDITOR:
Mrs Sonal Bikaneria (employee of the Company) appointed as an Internal Auditor of the
Company at remuneration as may be mutually agreed between the Internal Auditor and Board
of Directors for the Financial Year 2024-2025.
APPOINTMENT OF SECRETARIAL AUDITOR:
Pursuanttothe provisions of Section 204of the Companies Act, 2013 M/s. Parikh Dave
& Associates, A Peer Reviewed
Firm of Practicing Company Secretaries, Ahmedabad were appointed as Secretarial
Auditors of the Company for conduct Secretarial Audit for Financial Year 2024-2025 at
remuneration as may be mutually agreed between the Practicing Company Secretary and Board
of Directors.
Secretarial Audit Report submitted by them in prescribed form MR-3 is attached as
Annexure - V to this report and the qualification mentioned in their report are self-
explanatory.
DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SUBSECTION (12) OF SECTION 143
OTHER THAN THOSE WHICH ARE REPORTABLE TO THE CENTRAL GOVERNMENT:
There was no instance of fraud during the year under review, which required the
Statutory Auditors to report to the Board under Section 143(12} of Act and Rules framed
thereunder.
INTERNAL FINANCIAL CONTROL SYSTEM:
The Company has an Internal Financial Control System, commensurate with the size, scale
and complexity of its operations. The scope and authority of the Internal Financial
Control function is well defined.
WHISTLE BLOWER POLICY/VIGIL MECHANISM:
The Company has established a Vigil Mechanism / Whistle Blower Policy to deal with
instances of fraud and mismanagement, if any. The Policy has a systematic mechanism for
directors and employees to report concerns about unethical behavior, actual or suspected
fraud or violation of the Company's Code of Conduct or policy.
INTERNAL AUDIT:
The internal audit function provides an independent view to the Board of Directors, the
Audit Committee and the Senior Management on the quality and efficacy of the internal
controls, governance systems and processes.
An audit plan is rolled out after approval of the Audit Committee. Pursuant to Risk
Based Internal Audit Framework, internal audit is aligned in such a manner that assurance
is provided to the Audit Committee and Board of Directors on quality and effectiveness of
the internal controls, and governance related systems and processes.
PARTICULARS OF EMPLOYEES:
The disclosure required under Section 197 (12) of the Companies Act, 2013 read with
Rule 5 (1) of the Companies (Appointment and Remuneration of Managerial Personnel)
Rules, 2014 is annexed as Annexure- VI; and forms an integral part of this Report.
The statement containing particulars of employees as required under section 197 of the
Companies Act, 2013 read with Rule 5(2) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014, will be provided upon request. In terms of Section 136
of the Companies Act, 2013, the Report and accounts are being sent to the members and
others entitled thereto, excluding the information on employees' particulars which is
available for inspection by members at the Registered office of the Company during
business hours on working days of the Company between 11:00 A.M. to 4:00 P.M. up to the
date of ensuing Annual General Meeting. If any member is interested in obtaining a copy
thereof, such member may write to the Company Secretary in this regard.
RISK MANAGEMENT POLICY:
The Management regularly reviews the risk and took appropriate steps to mitigate the
risk. The company has in place the Risk Management policy. The Company has a robust
Business Risk Management (BRM) frame work to identify, evaluate, business risks, financial
risk, Competition risk, Human resource risk. In the opinion of the Board, no risk has been
identified that may threaten the existence of the Company.
CORPORATE SOCIAL RESPONSIBILITY:
In compliance with the requirements of Section 135 and Schedule VII of the Companies
Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014, as
amended, the Board of Directors have adopted a policy on CSR as recommended by the CSR
committee duly constituted and the said policy is available on the Company's website
www.beezaasan.com.
Report on CSR activities as required under the Companies (Corporate Social
Responsibility Policy) Rules, 2014, as amended, is given in Annexure VII, which forms part
of this Report.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNING AND OUTGO:
The information on conservation of energy, technology absorption and foreign exchange
earnings and outgo as stipulated hereunder: -
Conservation of Energy:
1. The steps taken or impact on conservation of energy:
The Company has taken measures and applied strict control system to monitor day to day
power consumption, to endeavor to ensure the optimal use of energy with minimum extent
possible wastage as far as possible. The day-to-day consumption is monitored and various
ways and means are adopted to reduce the power consumption in an effort to save energy.
2. The steps taken by the company for utilizing alternate sources of energy.
Company has not taken any step for utilizing alternate sources of energy.
3. The capital investment on energy conservation equipments.
Company has not made any capital investment on energy conservation equipments.
Technology Absorption
Company has not imported any technology and hence there is nothing to be reported here.
Foreign Exchange Earning and Outgo: NIL
HEALTH, SAFETY AND ENVIRONMENT PROTECTION:
Company's Health and Safety Policy commits to comply with applicable legal and other
requirements connected with occupational Health, Safety and Environment matters and
provide a healthy and safe work environment to all employees of the Company.
ACKNOWLEDGMENT:
Your directors are thankful to regulatory and Government authorities, bankers, clients,
and suppliers of the Company for their co-operation and also wish to place on record the
contribution made by the all the workers, members of the staff and executives of the
Company at all levels for the progress of the Company.
FOR AND ON BEHALF OF THE BOARD BEEZAASAN EXPLOTECH LIMITED
Navneet Somani
Chairman and Managing Director DIN:01782793
Place: Gandhinagar Date: 02.09.2025
Rajan Somani
Director DIN:10440137
