Inland Printers Ltd.-இன் இயக்குநர் அறிக்கை

Mar 31, 2025

Your Directors present their 45^th Annual Report along with the Audited statements of
Account for the year ended March 31, 2025.

1. FINANCIAL RESULTS

The financial results are briefly indicated below:

PARTICULARS	YEAR ENDED
	March 31, 2025	March 31, 2024
Total Income	24.13	-
Total Expenditure	39.10	47.58
Profit/(Loss) after Taxation	(15.02)	(47.66)
Profit/(Loss) Brought Forward	(15.02)	(47.66)
Balance carried to Balance Sheet	(15.02)	(47.66)

2. REVIEW OF OPERATIONS

The Company has incurred a Loss of Rs. 15,02,878/- during the year as compared to the Loss
of previous year of Rs. 47,66,111/-

3. OPERATIONS AND FUTURE PLANS:

The Company during the year under review could not conduct any major business activity
due to the financial constraints. The Company is in the process of identifying the project
which would benefit the company and shareholders at large.

MATERIAL EVENT DURING THE YEAR

> AMALGAMATION

The Board of Directors of Inland Printers Limited (the Transferee Company) in their meeting
held on 9th March, 2023, had approved the scheme of Amalgamation under section 230 to
232 of the Companies Act, 2013 with Parthiv Corporate Advisory Private Limited (the
Transferor Company). The said scheme is subject to the approval of the BSE and National
Company Law Tribunal, Mumbai and other requisite approvals. Pending receipt of
necessary approvals, no effect of the scheme has been given in the financial results for the
quarter ended 31st December, 2023. The appointed date is fixed as 1st January, 2023.

The office of the Regional Director and the Official Liquidator, Bombay have already filed
their report before the National Company Law Tribunal, Mumbai and the matter is pending
before the Hon''nble Tribunal for hearing and final disposal.

4. CHANGES IN THE NATURE OF BUSINESS, IFANY:

There have been no material changes in the nature of business during the period under
review.

5. DIVIDEND

In view of the Accumulated Loss as stated above, the Board of Directors regrets its inability
to recommended payment of any dividend for the year under review.

6. DEPOSITS

The company has not accepted any deposits from the Public within the purview of
provisions of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of
Deposit) Rules, 2014 during the year under review and no amount of principal or interest
on fixed deposit was outstanding as on the Balance sheet date.

7. DIRECTORS

Director retire by rotation:

In terms of the provisions of the Companies Act, 2013 (''the Act''), Mr. Bhavesh Ramanlal
Patel, Director of the Company, retires by rotation and being eligible, offers himself for
re-appointment at the ensuing Annual General Meeting.

Chang in the Board during the year:

During the year under review, the following changes took place in the
composition of the Board of Directors Company:

• Ms. Nitaben Bhaveshkumar Patel, Director passed away and therefore
ceased to be the Director of the Company on 25^th May, 2024. The Board of
Directors express their gratitude and taken on record the valuable
services rendered by her during the tenure of her services as a director of
the Company.

• Ms. Nidhi Haresh Parekh, Independent Director, resigned with effect
from 19^th November, 2024.

• Ms. Dhwani Dinesh Punamiya, Independent Director, resigned with
effect from 24^th December, 2024.

• Mr. Anurag Satish Tiwari was appointed as an Additional Independent
Director with effect from 17^th December, 2025, to hold office till the ensuing
Annual General Meeting.

• Mrs. Anju Ashok Tiwari was appointed as an Additional Independent
Director with effect from 09^th January, 2025, to hold office till the ensuing
Annual General Meeting.

The Board places on record its appreciation for the valuable contribution made by
the Directors who resigned during the year and welcomes the newly appointed
members to the Board.

8. KEY MANAGERIAL PERSONNEL:

During the year under review, following changes occurred in the Key Managerial
Personnel (KMP) of the of the Company.

• Ms. Bhumi Mistry, Company Secretary, resigned with effect from 24^th
April, 2024.

• Mr. Digambar Goli was appointed as Company Secretary with effect from
11^th July, 2024 and subsequently resigned with effect from 10^th October,
2024.

• Ms. Krishana Sharma was appointed as Company Secretary with effect
from 09^th January, 2024 and continues to hold office.

The Board places on record its appreciation for the valuable contribution made by
the Key Managerial Personnel who resigned during the year and welcomes the
newly appointed members to the Company.

9. REMUNERATION TO DIRECTORS:

Details pertaining to the remuneration of the Directors as required under Schedule
V to the Companies Act, 2013 have been provided in the Corporate Governance
Report forming part of this Annual Report.

10. RATIO OF REMUNERATION OF EACH DIRECTOR TO THE MEDIAN
EMPLOYEES:

The information / details pertaining to remuneration to be disclosed by listed
companies in terms of Section 197(12) of the Companies Act, 2013, read with Rule
5(1) of the Companies (Appointment and Remuneration of Managerial Personnel)
Rules, 2014 have been provided in an annexure which forms part of the Directors''
Report.

11. NOMINATION AND REMUNERATION POLICY:

The Board has, on the recommendation of the Nomination & Remuneration Committee
framed a policy for selection and appointment of Directors, Senior Management and their
remuneration. The policy is in compliance with the provisions of sub-section (3) of Section
178 of the Companies Act, 2013 and is available on the Company''s website at
www.inlandprinters.in

12. DECLARATION BY INDEPENDENT DIRECTORS:

All the Independent Directors have given declarations that they meet with the criteria of
independence as prescribed under sub section (6) of section 149 of the Act and regulation
16(1)(b) of the SEBI (LODR) Regulations, 2015 and also complied with the Code for
Independent Directors prescribed in Schedule IV to the Act.

13. DISLOSURE OF FRAUDS REPORTED UNDER SECTION 143 OF COMPANIES ACT,
2013:

During the year under review, the Directors of the Company do not observe any contract,
arrangement and transaction which could result in a fraud; the director hereby ensures that
the Company has not been encountered with any fraud or fraudulent activity during the
financial year 2024-2025.

14. COMMITTEES OF BOARD:

As on 31^st March, 2025, the Company has following Statutory Committees:

a. Audit Committee

b. Nomination and Remuneration Committee

c. Stakeholder Relationship Committee

d. Independent Directors Committee

The Board decides the terms of reference for these companies. The details as to the
composition, terms of reference, number of meetings and related attendance, etc. of
these Committees are provided in detail, in the Corporate Governance Report which
forms a part of this Annual Report.

15. NUMBER OF MEETINGS OF THE BOARD OF DIRECTORS AND COMMITTEES:

The Board meets at regular intervals to discuss and decide on the Company''s policies and
strategy apart from other Board matters.

The notice of Board Meeting is given well in advance to all the Directors. The Agenda of
the Board/ Committee meetings is generally circulated at least a week prior to the date of
the meeting.

During the Financial Year 2024-25, Twelve (12) Board Meetings and Six (5) Audit
committee meetings were convened and held. Details of each such other committee

meetings are given in the Corporate Governance Report which forms a part of this Annual
Report. The intervening gap between the Meetings was within the period prescribed under
the Companies Act, 2013.

Resolution by Circular

Apart from various meetings, the Board also considered and approved certain matters by
circular resolutions, which were ratified at the next meeting of the Board as required in
terms of the Act.

16. PERFORMANCE EVALUATION OF BOARD, COMMITTEES & DIRECTORS:

Pursuant to the provisions of the Act and the Listing Regulations, the Board has carried out
an annual performance evaluation of its own performance, the Directors individually as
well as the evaluation of the working of its Committees

The performance of Board, Committees and Individual Directors was evaluated
on the basis of criteria such as:

• Evaluation of the Board was based on criteria such as composition and role of the
Board, Board communication and relationships, functioning of Board Committees,
review of performance of Executive Directors, succession planning, strategic planning,
etc.

• Evaluation of Committees was based on criteria such as adequate independence of each
Committee, frequency of meetings and time allocated for discussions at meetings,
functioning of Board Committees and effectiveness of its advice/recommendation to
the Board, etc.

• Evaluation of Directors was based on criteria such as participation and contribution in
Board and Committee meetings, representation of shareholder interest and enhancing
shareholder value, experience, and expertise to provide feedback and guidance to top
management on business strategy, governance, risk and understanding of the
organization''s strategy, etc.

• Guidance Note on Board Evaluation issued by the Securities and Exchange Board of
India on January 5, 2017

17. MANAGEMENT DISCUSSION AND ANALYSIS

A Management Discussion and Analysis on the business and operations of the Company
forming part of this report is given as a separate section of the annual report.

18. DIRECTOR''S RESPONSIBILITY STATEMENT

The Board of Directors hereby confirms:

That in the preparation of the Annual Accounts, the applicable accounting standards have
been followed along with proper explanations relating to material departures made from the
same:

a) That 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 or Loss of the Company for that period.

b) That the Directors have taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provision of this Act for
safeguarding the assets of the Company and for preventing and detecting fraud and
other irregularities.

c) That the Directors have prepared the Annual accounts on a going concern basis.

d) The directors have laid down Internal financial controls to be followed by the Company
and that such internal financial controls are adequate and are operating effectively; and

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.

19. COST AUDITOR:

The provisions of Cost Audit as prescribed under section 148 of the Act, are not applicable
to the Company.

20. AUDITORS
Statutory Auditors:

At the Annual General Meeting (AGM) held on 25^th September, 2024, M/s YRKDAJ and
Associates LLP., Chartered Accountants Mumbai were appointed as statutory auditors of
the Company in place of resigning Auditor M/s NGS & Co. LLP., Chartered Accountants.

M/s YRKDAJ and Associates LLP Statutory Auditors of the Company shall hold office till
the conclusion of the 49^thAGM of the Company

Secretarial Audit:

Pursuant to the provisions of Section 204 of the Act read with the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, the Board had appointed M/s
Yatin Sangani and Associates, Practising Company Secretaries to undertake the Secretarial
Audit of the Company for the financial year 2024-25. The Secretarial Audit Report (e-form
MR-3) is annexed herewith as Annexure-A.

In accordance with the recent amendments to the Listing Regulations, the Board has
recommended to the members for their approval, appointment of M/s Yatin Sangani and
Associates, Practising Company Secretary, as the Secretarial Auditor of the Company, for a
term of 5 (five) consecutive financial years commencing from the financial year 2025-26 to
the financial year 2029-30.

21. AUDITORS’ REPORT:

Since notes to account are self-explanatory, no further explanation is given by the Board as
such except the fact that the Board has prepared the accounts on the basis of ''going concern''
basis. This has been done in view of the plans of the Board which envisage the revival of
business in the Company.

The Auditor''s Report does not contain any qualification, reservation or adverse remark on
the financial statements for the year ended 31st March, 2025. However, the Annexure A of
the Independent Audit Report contains the remark in respect of pending statutory dues:

Undisputed statutory dues including Goods and Services tax, provident fund, employees''
state insurance, income-tax, sales-tax, service tax, duty of custom, duty of excise, value
added tax, cess have been regularly deposited by the company with the appropriate
authorities in all cases during the year, except Professional tax. The Board of Directors are
taking necessary steps to register with Profession Tax authority and pay the outstanding
dues.

Name of the Statute	Nature of the Dues	Amount (Rs.)
Maharashtra State Tax on Professions, Trades, Calling and Employment Act, 1975	Professional Tax - Employees	Rs. 15,500
Maharashtra State Tax on Professions, Trades, Calling and Employment Act, 1975	Professional Tax - Company	Rs. 12,500

22. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

The Company has not given any Loans or Guarantees nor made any Investments covered
under the provisions of Section 186 of the Companies Act, 2013.

23. PARTICULARS OF EMPLOYEES:

There were no employees to whom the gratuity or any other retirement benefits were
payable during the financial year 2024 -25, by the Company.

24. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

There are no materially significant related party transactions made by the Company with the
promoters, Directors or Key managerial personnel which may have a potential conflict of
interest with the interest of the Company at large. Form AOC-2 as required under sub¬
section (3) of section 134 of the Companies Act, 2013 is enclosed vide "Annexure B"

25. SUBSIDIARIES, ASSOCIATE AND TOINT VENTURES:

The Company has no Subsidiaries, Associate or Joint Ventures, during the year under
review.

26. PUBLIC RELATIONS:

Your Directors recognize and appreciate the sincere work, dedicated efforts and
contribution of all the directors and stakeholders during the year.

27. TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND
(IEPF):

Your Company did not have any funds lying unpaid or unclaimed for a period of seven
years. Therefore, there were no funds which were required to be transferred to Investor
Education and Protection Fund (IEPF).

28. TRANSFER TO RESERVES:

During the year under review, no amount has been transferred to the reserves pursuant to
the provisions of section 134(3)(j) of the Act in view of the losses incurred by the Company.

29. ISSUE OF SHARES:

The Company during the year under review has not issued any Sweat equity shares or
shares with differential rights or under Employee stock option scheme nor did it buy back
any of its shares.

30. CORPORATE GOVERNANCE:

In terms of Clause 15(2)(a) of SEBI(LODR) Regulations, 2015, the compliance with the
Corporate Governance provisions as specified in Regulations 17 to 27 and clauses (b) to (i) of
sub regulation (2) of Regulation 46 and para C, D and E of schedule V are not applicable to
the Company. However, the Company has been observing best corporate governance
practices and is committed to adhere to the Corporate Governance requirements on ongoing
basis.

31. EXTRACT OF ANNUAL RETURN:

Pursuant to Section 92 and 134 of the Companies Act, 2013 read with Rule 12 of the
Companies (Management and Administration) Rules, 2014, the Annual Return as on March
31, 2025, is available on Company''s website www.inlandprintersltd.com.

32. CASH FLOW STATEMENT:

In conformity with the Indian Accounting Standard - 7 issued by the Institute of Chartered
Accountants of India and the provisions of Clause 32 of the Listing Agreement with the BSE
Limited, the Cash Flow Statement for the year ended March 31, 2025 is annexed to the
accounts.

33. CORPORATE SOCIAL RESPONSIBILITY INITIATIVES:

The provisions of section 135(1) and 135(2) of the Act read with Rule 8 of Companies (CSR)
Rules are not applicable to the Company as it is not falling under the criteria mentioned in
the Act.

34. RISK MANAGEMENT POLICY

The Company follows a proactive risk management policy, aimed at protecting its assets
and employees which at the same time ensuring growth and continuity of its business.
Further, regular updates are made available to the Board at the Board meeting and in special
cases on ad-hoc basis.

35. PREVENTION OF INSIDER TRADING:

The Company has adopted a Code of Conduct for Prevention of Insider Trading with a view
to regulate trading in securities by the Directors and designated persons of the Company, as
per SEBI (Prohibition of Insider Trading) Regulations, 2015.

36. MANAGERIAL REMUNERATION

Mr. Kishor Sorap, Whole Time Director of the Company has been paid a remuneration as
per the details given in the Corporate Governance Report.

37. CONSERVATION OF ENERGY & TECHNOLOGY ABSORBTION:

Since the Company does not have a manufacturing unit, provisions of Section 134(3)(m) of
the Act read with Rule 8(3)(A) & (B) of the Companies (Accounts) Rules, 2014, as amended
from time to time, provisions regarding conservation of energy and technology absorption
are not applicable.

38. FOREIGN EXCHANGE EARNINGS AND OUTGO:

During the year under review, there were no Foreign Exchange transactions.

39. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The Company has an Internal Control System, commensurate with the size, scale and
complexity of its operations. To maintain its objectivity and independence, the Chairman of
the Audit Committee of the Board is the authority to whom reporting is made in this regard.

40. VIGIL MECHANISM / WHISTLE BLOWER POLICY:

The Company has established a Vigil Mechanism as per the provisions of section 177(9) of
the Act.

41. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS /
COURTS, IF ANY:

The Approval of National Company Law Tribunal, ("NCLT") is sought under Sections 230 to
232 and other applicable provisions of the Companies Act, 2013 to the Scheme of
Amalgamation of Parthiv Corporate Advisory Private Limited ("Transferor Company") with
Inland Printers Limited ("Transferee Company'') and their respective Shareholders
("Scheme").

42. MATERIAL EVENTS OCCURRING AFTER BALANCE SHEET DATE:

No material changes and commitments affecting the financial position of the Company
occurred between the end of the financial year to which these financial statements relate and
on the date of this report.

43. CONSTITUTION OF INTERNAL COMPLAINTS COMMITTEE:

Since the number of workers in the Company is less than 10, the Company has not
constituted the Internal Complaint Committee as required under the Sexual Harassment of
Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

44. OTHERS:

• The details of application made or any proceeding pending under the Insolvency and
Bankruptcy Code, 2016 (31 of 2016) during the year alongwith their status as at the
end of the financial year: Not applicable

• The details of difference between amount of the valuation done at the time of one
time settlement and the valuation done while taking loan from the Banks or Financial
Institutions along with the reasons thereof: Not applicable.

45. GENERAL:

Your Directors state that during the year under review, there were no cases filed or reported
pursuant to the sexual harassment of women at Workplace (Prevention, Prohibition and
Redressal) Act, 2013.

46. LISTING WITH STOCK EXCHANGE:

The Company confirms that it has paid the Annual Listing Fees for the year 2024-2025 to the
BSE where the Company''s Shares are listed and traded.

47. SECRETARIAL STANDARDS ISSUED BY ICSI:

The Company is in compliance with all the applicable Secretarial Standards as specified by
the Institute of Company Secretaries of India (ICSI).

48. INDIAN ACCOUNTING STANDARDS:

The Ministry of Corporate Affairs (MCA) on 16th February 2015, notified that Indian
Accounting Standards (Ind AS) are applicable to certain classes of Companies from 1^st April,
2016 with a transition date of April 1, 2015. Ind AS has replaced the previous Indian GAAP
prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with Rule 7 of the
Companies (Accounts) Rules, 2014. Ind AS is applicable to the Company from 1st April,
2017.

49. RISKS AND CONCERNS:

In today''s challenging and competitive environment, strategies for mitigating inherent risks
in accomplishing the growth plans of the Company are imperative. The main risks inter alia
include strategic risk, operational risk, financial risk and compliances & legal risk.

50. DISCLAIMER:

Certain statement in the management discussion and analysis may be forward looking
within the meaning of applicable securities laws and regulations and actual results may
differ materially from those expressed or implied. Factors that would make differences to
Company''s operations include competition, price realization, changes in government
policies and regulations, tax regimes, economic development and other incidental factors.

51. ACKNOWLDEGEMENTS:

Your Company and its Directors wish to sincerely thank all the service providers for their
continuing support and co-operation.

Your Directors also sincerely thank the shareholders for the confidence reposed by them in
the Company and for the continued support and co-operation extended by them.

For and on behalf of
Inland Printers Limited

Sd/-

Kishor Krushna Sorap
Chairman & Whole Time Director
DIN.: 08194840

Date: 30^th August, 2025

---

Mar 31, 2024

Your Directors present their 44^th Annual Report along with the Audited statements of Account for the year ended March 31, 2024.1. FINANCIAL RESULTS

The financial results are briefly indicated below:

(In lakhs)
	YEAR ENDED
PARTICULARS
	March 31, 2024	March 31, 2023
Total Income	-	-
Total Expenditure	47.58	21.94
Profit/(Loss) after Taxation	(47.66)	(22.01)
Profit/(Loss) Brought Forward	(47.66)	(22.01)
Balance carried to Balance Sheet	(47.66)	(22.01)

2. REVIEW OF OPERATIONS

The Company has incurred a Loss of Rs. 47,66,111/- during the year as compared to the Loss of previous year of Rs. 22,00,697/-

3. OPERATIONS AND FUTURE PLANS:

The Company during the year under review could not conduct any major business activity due to the financial constraints. The Company is in the process of identifying the project which would benefit the company and shareholders at large.

4. MATERIAL DEVELOPMENTS DURING THE FINANCIAL YEAR UNDER REVIEW AND OCCURRED BETWEEN THE END OF FINANCIAL YEAR AND THE DATE OF THIS REPORT:> AMALGAMATION

During the year under review and up to the date of this Report, the following developments took place in the matters of amalgamation:

The Board of Directors of Inland Printers Limited (the Transferee Company) in their meeting held on 9th March, 2023, had approved the Scheme of Amalgamation under section 230 to 232 of the Companies Act, 2013 with Parthiv Corporate Advisory Private Limited (the Transferor Company). The appointed date is 1st January, 2023.

The Company received an observation letter from the BSE on 2nd November, 2023 and submitted the Company Application (First Motion/Stage) on 23rd November, 2023 with the Hon''ble National Company Law Tribunal (NCLT), Mumbai Bench, Mumbai.

The Hon''ble NCLT vide order dated February 13, 2024 directed the Company to convene and hold the meeting of the Equity shareholders and Unsecured Creditors of the Company on March 27, 2024 through Video Conferencing (VC) and/or Other Audio Visual Means (OAVM). The NCLT dispensed with the convening and holding of a meeting for Secured creditors on the grounds that there were no secured creditors as on 30^th June, 2023. In compliance with the directions of the Hon''ble NCLT, the Company convened the meetings of the Equity shareholders and Unsecured Creditors on March 27, 2024 to seek approval on the Scheme. The Scheme was unanimously approved by both Equity shareholders & Unsecured Creditor and also by the majority of the minority public shareholders of both the classes.

The results of the meetings of the Equity Shareholders and Unsecured Creditors are available for public viewing on the Company''s website at www.inlandprinters.in

The Petition was filed before the Hon''ble National Company Law Tribunal, Mumbai Bench for further directions on April 10, 2024. The Hon''ble NCLT vide order dated April 25, 2024 admitted the petition for hearing on 4^th June, 2024 and directed the Company to Publish the notice at least 10 days before the date of hearing in two newspaper, namely Navshakti (in Marathi Language) and Business Standard (in English Language). The NCLT also directed the Company to issue notices to various authorities. The Company has complied with these directions.

The Affidavit of Service of Publication and Notices is available for public viewing on the Company''s website at www.inlandprinters.in.

5. CHANGES IN THE NATURE OF BUSINESS, IF ANY:

There have been no material changes in the nature of business during the period under review.

6. DIVIDEND

In view of the Accumulated Loss as stated above, the Board of Directors regrets its inability to recommended payment of any dividend for the year under review.

7. DEPOSITS

The company has not accepted any deposits from the Public within the purview of provisions of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of Deposit) Rules, 2014 during the year under review and no amount of principal or interest on fixed deposit was outstanding as on the Balance sheet date.

8. DIRECTORSDirector retires by rotation:

In terms of the provisions of the Companies Act, 2013 (''the Act''), Mr. Bhavesh Ramanlal Patel, Director of the Company, retires by rotation and being eligible, offers himself for re-appointment at the ensuing Annual General Meeting.

Cessation of Director:

Mrs. Nitaben Patel, a Non-Executive Director on the Board of the Company, passed away on 25th May, 2024 on account of cardiac arrest. Mrs. Nitaben Patel, ceases to be a Non-Executive Director of the Company. The Board records its deep appreciation for the valuable services rendered by her.

9. KEY MANAGERIAL PERSONNEL:

Ms. Bhumi Mistry has resigned as a Company Secretary & Compliance Officer of the Company w.e.f. 24^th April, 2024.

Hence, pursuant to recommendation of Nomination and Remuneration Committee Mr. Digambar Goli has been appointed as a Company Secretary & Compliance Officer of the Company w.e.f. 11^th July, 2024.

10. REMUNERATION TO THE DIRECTORS:

Details pertaining to the remuneration of the Directors as required under Schedule V to the Companies Act, 2013 have been provided in the Corporate Governance Report forming part of this Annual Report.

11. RATIO OF REMUNERATION OF EACH DIRECTOR TO THE MEDIAN EMPLOYEES:

The information / details pertaining to remuneration to be disclosed by listed companies in terms of Section 197(12) of the Companies Act, 2013, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 have been provided in an annexure which forms part of the Directors'' Report.

12. NOMINATION AND REMUNERATION POLICY:

The Board has, on the recommendation of the Nomination & Remuneration Committee framed a policy for selection and appointment of Directors, Senior Management and their remuneration. The policy is in compliance with the provisions of sub-section (3) of Section 178 of the Companies Act, 2013 and is available on the Company''s website at www.inlandprinters.in

13. DECLARATION BY INDEPENDENT DIRECTORS:

All the Independent Directors have given declarations that they meet with the criteria of independence as prescribed under sub section (6) of section 149 of the Act and regulation 16(1)(b) of the SEBI (LODR) Regulations, 2015 and also complied with the Code for Independent Directors prescribed in Schedule IV to the Act.

14. DISLOSURE OF FRAUDS REPORTED UNDER SECTION 143 OF COMPANIES ACT, 2013:

During the year under review, the Directors of the Company do not observe any contract, arrangement and transaction which could result in a fraud; the director hereby ensures that the Company has not been encountered with any fraud or fraudulent activity during the financial year 2023-2024.

15. COMMITTEES OF BOARD:

As on 31^st March, 2024, the Company has following Statutory Committees:

a. Audit Committee

b. Nomination and Remuneration Committee

c. Stakeholder Relationship Committee

d. Independent Directors Committee

The Board decides the terms of reference for these companies. The details as to the composition, terms of reference, number of meetings and related attendance, etc. of these Committees are provided in detail, in the Corporate Governance Report which forms a part of this Annual Report.

16. NUMBER OF MEETINGS OF THE BOARD OF DIRECTORS AND COMMITTEES:

The Board meets at regular intervals to discuss and decide on the Company''s policies and strategy apart from other Board matters.

The notice of Board Meeting is given well in advance to all the Directors. The Agenda of the Board/ Committee meetings is generally circulated at least a week prior to the date of the meeting.

During the Financial Year 2023-24, Six (6) Board Meetings and Six (6) Audit committee meetings were convened and held. Details of each such other committee meetings are given in the Corporate Governance Report which forms a part of this Annual Report. The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013.

Resolution by Circular

Apart from various meetings, the Board also considered and approved the matter by circular resolutions, which were ratified at the next meeting of the Board as required in terms of the Act.

17. PERFORMANCE EVALUATION OF BOARD, COMMITTEES & DIRECTORS:

Pursuant to the provisions of the Act and the Listing Regulations, the Board has carried out an annual performance evaluation of its own performance, the Directors individually as well as the evaluation of the working of its Committees

The performance of Board, Committees and Individual Directors was evaluated on the basis of criteria such as:

• Evaluation of the Board was based on criteria such as composition and role of the Board, Board communication and relationships, functioning of Board Committees, review of performance of Executive Directors, succession planning, strategic planning, etc.

• Evaluation of Committees was based on criteria such as adequate independence of each Committee, frequency of meetings and time allocated for discussions at meetings, functioning of Board Committees and effectiveness of its advice/recommendation to the Board, etc.

• Evaluation of Directors was based on criteria such as participation and contribution in Board and Committee meetings, representation of shareholder interest and enhancing shareholder value, experience,

and expertise to provide feedback and guidance to top management on business strategy, governance, risk and understanding of the organization''s strategy, etc.

• Guidance Note on Board Evaluation issued by the Securities and Exchange Board of India on January 5, 2017

18. MANAGEMENT DISCUSSION AND ANALYSIS

A Management Discussion and Analysis on the business and operations of the Company forming part of this report is given as a separate section of the annual report.

19. DIRECTORS RESPONSIBILITY STATEMENT

The Board of Directors hereby confirms:

That in the preparation of the Annual Accounts, the applicable accounting standards have been followed along with proper explanations relating to material departures made from the same:

a) That 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 or Loss of the Company for that period.

b) That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

c) That the Directors have prepared the Annual accounts on a going concern basis.

d) The directors have laid down Internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and

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.

20. COST AUDITOR:

The provisions of Cost Audit as prescribed under section 148 of the Act, are not applicable to the Company.

21. AUDITORS Statutory Auditors:

At the 40^th Annual General Meeting (AGM) held on 30^th September, 2020, M/s NGS & Co. LLP., Chartered Accountants Mumbai were appointed as statutory auditors of the Company to hold office till the conclusion of the 45^thAGM of the Company.

The present auditors of the Company M/s NGS & Co. LLP, Chartered Accountants have expressed their inability to continue as Statutory Auditor of the Company due to our company''s unwillingness to increase audit fee, and have tendered his resignation.

The Board of Director on the recommendation of Audit Committee has proposed the appointment of M/s. YRKDAJ and Associates LLP, (FRN: W100288), to fill in the vacancy caused by the resignation of M/s NGS & Co. LLP., Chartered Accountants.

M/s YRKDAJ and Associates LLP, has been appointed as a Statutory Auditor of the Company for a term of five consecutive years from the conclusion of this Annual General Meeting till the conclusion of 49^th Annual General Meeting. The recommendations are based on the fulfilment of the eligibility criteria prescribed by Companies Act, 2013.

The resolution as set out in the Notice of the AGM is proposed for the consideration of the members. Secretarial Audit:

Pursuant to the provisions of Section 204 of the Act read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board had appointed M/s Bhuwnesh Bansal & Associates, Company Secretaries in Practice to undertake the Secretarial Audit of the Company for the financial year 2023-24. The Secretarial Audit Report (e-form MR-3) is annexed herewith as Annexure-A.

22. AUDITORS'' REPORT:

Since notes to account are self-explanatory, no further explanation is given by the Board as such except the fact that the Board has prepared the accounts on the basis of ''going concern'' basis. This has been done in view of the plans of the Board which envisage the revival of business in the Company.

The Auditor''s Report does not contain any qualification, reservation or adverse remark on the financial statements for the year ended 31^st March, 2024. However, the Annexure A of the Independent Audit Report contains the remark in respect of pending statutory dues:

Undisputed statutory dues including Goods and Services tax, provident fund, employees'' state insurance, income-tax, sales-tax, service tax, duty of custom, duty of excise, value added tax, cess have been regularly deposited by the company with the appropriate authorities in all cases during the year, except Professional tax.

Name of the Statute	Nature of the Dues	Amount (Rs.)
Maharashtra State Tax on Professions, Trades, Calling and Employment Act, 1975	Professional Tax - Employees	Rs. 9,800
Maharashtra State Tax on Professions, Trades, Calling and Employment Act, 1975	Professional Tax - Company	Rs. 5,000

In this regards the directors explain that presently the Company has no business however as per the future prospects and development the Company is in process of applying for registration under the said statute.

23. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

The Company has not given any Loans or Guarantees nor made any Investments covered under the provisions of Section 186 of the Companies Act, 2013.

24. PARTICULARS OF EMPLOYEES:

There were no employees to whom the gratuity or any other retirement benefits were payable during the financial year 2023 -24, by the Company.

25. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

There are no materially significant related party transactions made by the Company with the promoters, Directors or Key managerial personnel which may have a potential conflict of interest with the interest of the Company at large. Form AOC-2 as required under sub-section (3) of section 134 of the Companies Act, 2013 is enclosed vide “Annexure B"

26. SUBSIDIARIES, ASSOCIATE AND JOINT VENTURES:

The Company has no Subsidiaries, Associate or Joint Ventures, during the year under review.

27. PUBLIC RELATIONS:

Your Directors recognize and appreciate the sincere work, dedicated efforts and contribution of all the directors and stakeholders during the year.

28. TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND (IEPF):

Your Company did not have any funds lying unpaid or unclaimed for a period of seven years. Therefore, there were no funds which were required to be transferred to Investor Education and Protection Fund (IEPF).

29. TRANSFER TO RESERVES:

During the year under review, no amount has been transferred to the reserves pursuant to the provisions of section 134(3)(j) of the Act in view of the losses incurred by the Company.

30. ISSUE OF SHARES:

The Company during the year under review has not issued any Sweat equity shares or shares with differential rights or under Employee stock option scheme nor did it buy back any of its shares.

31. CORPORATE GOVERNANCE:

In terms of Clause 15(2)(a) of SEBI(LODR) Regulations, 2015, the compliance with the Corporate Governance provisions as specified in Regulations 17 to 27 and clauses (b) to (i) of sub regulation (2) of Regulation 46 and para C, D and E of schedule V are not applicable to the Company. However, the Company has been observing best corporate governance practices and is committed to adhere to the Corporate Governance requirements on ongoing basis.

32. EXTRACT OF ANNUAL RETURN:

Pursuant to Section 92 and 134 of the Companies Act, 2013 read with Rule 12 of the Companies (Management and Administration) Rules, 2014, the Annual Return as on March 31, 2024, is available on Company''s website www.inlandprintersltd.com.

33. CASH FLOW STATEMENT:

In conformity with the Indian Accounting Standard - 7 issued by the Institute of Chartered Accountants of India and the provisions of Clause 32 of the Listing Agreement with the BSE Limited, the Cash Flow Statement for the year ended March 31, 2024 is annexed to the accounts.

34. CORPORATE SOCIAL RESPONSIBILITY INITIATIVES:

The provisions of section 135(1) and 135(2) of the Act read with Rule 8 of Companies (CSR) Rules are not applicable to the Company as it is not falling under the criteria mentioned in the Act.

35. RISK MANAGEMENT POLICY

The Company follows a proactive risk management policy, aimed at protecting its assets and employees which at the same time ensuring growth and continuity of its business. Further, regular updates are made available to the Board at the Board meeting and in special cases on ad-hoc basis.

36. PREVENTION OF INSIDER TRADING:

The Company has adopted a Code of Conduct for Prevention of Insider Trading with a view to regulate trading in securities by the Directors and designated persons of the Company, as per SEBI (Prohibition of Insider Trading) Regulations, 2015.

37. MANAGERIAL REMUNERATION

No managerial personnel are drawing any remuneration except Company Secretary of the Company.

38. CONSERVATION OF ENERGY & TECHNOLOGY ABSORBTION:

Since the Company does not have a manufacturing unit, provisions of Section 134(3)(m) of the Act read with Rule 8(3)(A) & (B) of the Companies (Accounts) Rules, 2014, as amended from time to time, provisions regarding conservation of energy and technology absorption are not applicable.

39. FOREIGN EXCHANGE EARNINGS AND OUTGO:

During the year under review, there were no Foreign Exchange transactions.

40. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The Company has an Internal Control System, commensurate with the size, scale and complexity of its operations. To maintain its objectivity and independence, the Chairman of the Audit Committee of the Board is the authority to whom reporting is made in this regard.

41. VIGIL MECHANISM / WHISTLE BLOWER POLICY:

The Company has established a Vigil Mechanism as per the provisions of section 177(9) of the Act.

42. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS / COURTS, IF ANY:

The National Company Law Tribunal, ("NCLT") has issued an Order under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 pursuant to the Scheme of Amalgamation of Parthiv Corporate Advisory Private Limited (“Transferor Company”) with Inland Printers Limited (“Transferee Company'') and their respective Shareholders ("Scheme").

The detailed information about the amalgamation is mentioned above in the point no. 4 of this report.

43. MATERIAL EVENTS OCCURRING AFTER BALANCE SHEET DATE:

No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which these financial statements relate and on the date of this report.

44. CONSTITUTION OF INTERNAL COMPLAINTS COMMITTEE:

Since the number of workers in the Company is less than 10, the Company has not constituted the Internal Complaint Committee as required under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

45. OTHERS:

• The details of application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year alongwith their status as at the end of the financial year: Not applicable

• The details of difference between amount of the valuation done at the time of one time settlement and the valuation done while taking loan from the Banks or Financial Institutions along with the reasons thereof: Not applicable.

46. GENERAL:

Your Directors state that during the year under review, there were no cases filed or reported pursuant to the sexual harassment of women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

47. LISTING WITH STOCK EXCHANGE:

The Company confirms that it has paid the Annual Listing Fees for the year 2023-2024 to the BSE where the Company''s Shares are listed and traded.

48. SECRETARIAL STANDARDS ISSUED BY ICSI:

The Company is in compliance with all the applicable Secretarial Standards as specified by the Institute of Company Secretaries of India (ICSI).

49. INDIAN ACCOUNTING STANDARDS:

The Ministry of Corporate Affairs (MCA) on 16th February 2015, notified that Indian Accounting Standards (Ind AS) are applicable to certain classes of Companies from 1^st April, 2016 with a transition date of April 1, 2015. Ind AS has replaced the previous Indian GAAP prescribed under Section 133 of the Companies Act, 2013 (“the Act”) read with Rule 7 of the Companies (Accounts) Rules, 2014. Ind AS is applicable to the Company from 1st April, 2017.

50. RISKS AND CONCERNS:

In today''s challenging and competitive environment, strategies for mitigating inherent risks in accomplishing the growth plans of the Company are imperative. The main risks inter alia include strategic risk, operational risk, financial risk and compliances & legal risk.

51. DISCLAIMER:

Certain statement in the management discussion and analysis may be forward looking within the meaning of applicable securities laws and regulations and actual results may differ materially from those expressed or implied. Factors that would make differences to Company''s operations include competition, price realization, changes in government policies and regulations, tax regimes, economic development and other incidental factors.

52. ACKNOWLDEGEMENTS:

Your Company and its Directors wish to sincerely thank all the service providers for their continuing support and co-operation.

Your Directors also sincerely thank the shareholders for the confidence reposed by them in the Company and for the continued support and co-operation extended by them.

---

Mar 31, 2023

Your Directors present their 43^rd Annual Report along with the Audited statements of Account for the year ended March 31, 2023.

1. FINANCIAL RESULTS

The financial results are briefly indicated below:

PARTICULARS	YEAR EN	[DED
	March 31, 2023	March 31, 2022
Total Income	-	-
T otal Expenditure	21.94	22.15
Profit/(Loss) after Taxation	(22.01)	(21.50)
Profit/(Loss) Brought Forward	(22.01)	(21.50)
Balance carried to Balance Sheet	(22.01)	(21.50)

2. REVIEW OF OPERATIONS

The Company has incurred a Loss of Rs. 22,00,697/- during the year as compared to the Loss of previous year of Rs. 21,50,247/-

3. OPERATIONS AND FUTURE PLANS:

The Company during the year under review could not conduct any major business activity due to the financial constraints. The Company is in the process of identifying the project which would benefit the company and shareholders at large.

MATERIAL EVENT DURING THE YEAR

• AMALGAMATION

The Board of Directors of Inland Printers Limited (the Transferee Company) in their meeting held on 9th March, 2023, had approved the Scheme of Amalgamation under section 230 to 232 of the Companies Act, 2013 with Parthiv Corporate Advisory Private Limited (the Transferor Company). The said scheme is subject to the approval of the BSE and National Company Law Tribunal, Mumbai and other requisite approvals. Pending receipt of necessary approvals, no effect of the scheme has been given in the financial statements for the financial year ended 31st March, 2023. The appointed date is fixed as 1st January, 2023.

4. CHANGES IN THE NATURE OF BUSINESS. IF ANY:

There have been no material changes in the nature of business during the period under review.

5. DIVIDEND

In view of the Accumulated Loss as stated above, the Board of Directors regrets its inability to recommended payment of any dividend for the year under review.

6. DEPOSITS

The company has not accepted any deposits from the Public within the purview of provisions of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of Deposit) Rules, 2014 during the year under review and no amount of principal or interest on fixed deposit was outstanding as on the Balance sheet date.

7. DIRECTORS

Director retire bv rotation:

In terms of the provisions of the Companies Act, 2013 (The Act''), Mr. Kishor Sorap, Director of the Company, retires by rotation and being eligible, offers himself for re-appointment at the ensuing Annual General Meeting.

Appointment of Director:

During the year under review, based upon recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company at its meeting held on February 24, 2023 approved the appointment of Ms. Dhwani Dinesh Punamiya and Ms. Nidhi Haresh Parekh as an Independent Directors of the Company w.e.f 24.02.2023 and their appointment was duly approved by the shareholders of the Company through Special resolution passed by way of postal ballot on May 18, 2023.

The Company has also received a declaration of independence from Ms. Dhwani Dinesh Punamiya and Ms. Nidhi Haresh Parekh that they are not disqualified from being appointed as a Director in terms of Section 164 of the Companies Act, 2013 and have given their consent to act as a Director of the Company and also provided declaration to the effect that they are not debarred from holding the office of Director by virtue of any order passed by SEBI or any other such authority.

Cessation:

Mr. Ashok Devakinandan Bansal, Non-Executive Independent Director resigned w.e.f. 21^st February, 2023. Ms. Sonali Sinha, Non-Executive and Independent Director resigned w.e.f. 10^th February, 2023.

8. KEY MANAGERIAL PERSONNEL:

Ms. Meghana Kashte has resigned as a Company Secretary and Compliance Officer of the Company with effect from 14^th May, 2022.

Hence, pursuant to the recommendation of Nomination and Remuneration Committee, Ms. Bhumi Mistry was appointed as a Company Secretary and Compliance Officer of the Company, with effect from 22^nd September, 2022.

9. REMUNERATION TO DIRECTORS:

During the year under review, the Company has not paid any remuneration or sitting fees to any of the Directors of the Company.

10. RATIO OF REMUNERATION OF EACH DIRECTOR TO THE MEDIAN EMPLOYEES:

During the year under review, no remuneration has been paid to any of the directors, and hence the ratio of remuneration of each Director to the median of the employees has not been calculated.

11. NOMINATION AND REMUNERATION POLICY:

The Board has, on the recommendation of the Nomination & Remuneration Committee framed a policy for selection and appointment of Directors, Senior Management and their remuneration. The policy is in compliance with the provisions of sub-section (3) of Section 178 of the Companies Act, 2013 and is available on the Company''s website at www.in1andprinters.in

12. DECLARATION BY INDEPENDENT DIRECTORS:

All the Independent Directors have given declarations that they meet with the criteria of independence as prescribed under sub section (6) of section 149 of the Act and regulation 16(l)(b) of the SEBI (LODR) Regulations, 2015.

13. DLSLOSURE OF FRAUDS REPORTED UNDER SECTION 143 OF COMPANIES ACT. 2013:

During the year under review, the Directors of the Company do not observe any contract, arrangement and transaction which could result in a fraud; the director hereby ensures that the Company has not been encountered with any fraud or fraudulent activity during the financial year 2022-2023.

14. COMMITTEES OF BOARD;

As on 31^st March, 2023, the Company has following Statutory Committees:

a. Audit Committee

b. Nomination and Remuneration Committee

c. Stakeholder Relationship Committee

d. Independent Directors Committee

The Board decides the terms of reference for these companies. The details as to the composition, terms of reference, number of meetings and related attendance, etc. of these Committees are provided in detail, in the Corporate Governance Report which forms a part of this Annual Report.

15. NUMBER OF MEETINGS OF THE BOARD OF DIRECTORS AND COMMITTEES:

The Board meets at regular intervals to discuss and decide on the Company’s policies and strategy apart from other Board matters.

The notice of Board Meeting is given well in advance to all the Directors. The Agenda of the Board/ Committee meetings is generally circulated at least a week prior to the date of the meeting.

During the Financial Year 2022-23, Eight (8) Board Meetings and Six (6) Audit committee meetings were convened and held. Details of each such other committee meetings are given in the Corporate Governance Report which forms a part of this Annual Report. The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013.

Resolution by Circular

Apart from various meetings, the Board also considered and approved certain matters by circular resolutions, which were ratified at the next meeting of the Board as required in terms of the Act.

16. PERFORMANCE EVALUATION OF BOARD. COMMITTEES & DIRECTORS:

Pursuant to the provisions of the Act and the Listing Regulations, the Board has carried out an annual performance evaluation of its own performance, the Directors individually as well as the evaluation of the working of its Committees.

The performance of Board, Committees and Individual Directors was evaluated on the basis of criteria such as:

• Evaluation of the Board was based on criteria such as composition and role of the Board, Board communication and relationships, functioning of Board Committees, review of performance of Executive Directors, succession planning, strategic planning, etc.

• Evaluation of Committees was based on criteria such as adequate independence of each Committee, frequency of meetings and time allocated for discussions at meetings, functioning of Board Committees and effectiveness of its advice/recommendation to the Board, etc.

• Evaluation of Directors was based on criteria such as participation and contribution in Board and Committee meetings, representation of shareholder interest and enhancing shareholder value, experience, and expertise to provide feedback and guidance to top management on business strategy, governance, risk and understanding of the organization’s strategy, etc.

• Guidance Note on Board Evaluation issued by the Securities and Exchange Board of India on January 5, 2017

17. MANAGEMENT DISCUSSION AND ANALYSIS

A Management Discussion and Analysis on the business and operations of the Company forming part of this report is given as a separate section of the annual report.

18. DIRECTOR S RESPONSIBILITY STATEMENT

The Board of Directors hereby confirms:

That in the preparation of the Annual Accounts, the applicable accounting standards have been followed along with proper explanations relating to material departures made from the same:

a) That 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 or Loss of the Company for that period.

b) That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

c) That the Directors have prepared the Annual accounts on a going concern basis.

d) The directors have laid down Internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and

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.

19. COST AUDITOR;

The provisions of Cost Audit as prescribed under section 148 of the Act, are not applicable to the Company.

20. AUDITORS Statutory Auditors:

At the Annual General Meeting (AGM) held on 30^th September, 2020, M/s NGS & Co. LLP., Chartered Accountants Mumbai were appointed as statutory auditors of the Company to hold office till the conclusion of the 45^thAGM of the Company.

Secretarial Audit:

Pursuant to the provisions of Section 204 of the Act read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board had appointed M/s Bhuwnesh Bansal & Associates, Company Secretaries in Practice to undertake the Secretarial Audit of the Company for the financial year 2022-23. The Secretarial Audit Report (e-form MR-3) is annexed herewith as Annexure-A.

21. AUDITORS'' REPORT:

Since notes to account are self-explanatory, no further explanation is given by the Board as such except the fact that the Board has prepared the accounts on the basis of ‘going concern’ basis. This has been done in view of the plans of the Board which envisage the revival of business in the Company.

The Auditor’s Report does not contain any qualification, reservation or adverse remark on the financial statements for the year ended 31^st March, 2023.

22. PARTICULARS OF LOANS. GUARANTEES OR INVESTMENTS:

The Company has not given any Loans or Guarantees nor made any Investments covered under the provisions of Section 186 of the Companies Act, 2013.

23. PARTICULARS OF EMPLOYEES:

There were no employees to whom the gratuity or any other retirement benefits were payable during the financial year 2022 -23, by the Company.

24. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

There are no materially significant related party transactions made by the Company with the promoters, Directors or Key managerial personnel which may have a potential conflict of interest with the interest of the Company at large. Form AOC-2 as required under sub-section (3) of section 134 of the Companies Act, 2013 is enclosed vide “Annexure B"

25. SUBSIDIARIES. ASSOCIATE AND JOINT VENTURES:

The Company has no Subsidiaries, Associate or Joint Ventures, during the year under review.

26. PUBLIC RELATIONS:

Your Directors recognize and appreciate the sincere work, dedicated efforts and contribution of all the directors and stakeholders during the year.

27. TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND tIEPF):

Your Company did not have any funds lying unpaid or unclaimed for a period of seven years. Therefore, there were no funds which were required to be transferred to Investor Education and Protection Fund (IEPF).

28. TRANSFER TO RESERVES;

During the year under review, no amount has been transferred to the reserves pursuant to the provisions of section 134(3)(j) of the Act in view of the losses incurred by the Company.

29. ISSUE OF SHARES:

The Company during the year under review has not issued any Sweat equity shares or shares with differential rights or under Employee stock option scheme nor did it buy back any of its shares.

Paid-up Equity Share Capital includes Rs, 8,58,500/- being the amount originally paid-up on forfeited shares.

30. CORPORATE GOVERNANCE:

In terms of Clause 15(2)(a) of SEBI(LODR) Regulations, 2015, the compliance with the Corporate Governance provisions as specified in Regulations 17 to 27 and clauses (b) to (i) of sub regulation (2) of Regulation 46 and para C, D and E of schedule V are not applicable to the Company. However, the Company has been observing best corporate governance practices and is committed to adhere to the Corporate Governance requirements on ongoing basis.

31. EXTRACT OF ANNUAL RETURN:

Pursuant to Section 92 and 134 of the Companies Act, 2013 read with Rule 12 of the Companies (Management and Administration) Rules, 2014, the Annual Return as on March 31, 2023, is available on Company’s website www.inlandprintersltd.com.

32. CASH FLOW STATEMENT:

In conformity with the Indian Accounting Standard - 7 issued by the Institute of Chartered Accountants of India and the provisions of Clause 32 of the Listing Agreement with the BSE Limited, the Cash Flow Statement for the year ended March 31, 2023 is annexed to the accounts.

33. CORPORATE SOCIAL RESPONSIBILITY INITIATIVES:

The provisions of section 135(1) and 135(2) of the Act read with Rule 8 of Companies (CSR) Rules are not applicable to the Company as it is not falling under the criteria mentioned in the Act.

34. RISK MANAGEMENT POLICY

The Company follows a proactive risk management policy, aimed at protecting its assets and employees which at the same time ensuring growth and continuity of its business. Further, regular updates are made available to the Board at the Board meeting and in special cases on ad-hoc basis.

35. PREVENTION OF INSIDER TRADING:

The Company has adopted a Code of Conduct for Prevention of Insider Trading with a view to regulate trading in securities by the Directors and designated persons of the Company, as per SEBI (Prohibition of Insider Trading) Regulations, 2015.

36. MANAGERIAL REMUNERATION

No managerial personnel are drawing any remuneration.

37. CONSERVATION OF ENERGY & TECHNOLOGY ABSORBTION:

Since the Company does not have a manufacturing unit, provisions of Section 134(3)(m) of the Act read with Rule 8(3)(A) & (B) of the Companies (Accounts) Rules, 2014, as amended from time to time, provisions regarding conservation of energy and technology absorption are not applicable.

38. FOREIGN EXCHANGE EARNINGS AND OUTGO:

During the year under review, there were no Foreign Exchange transactions.

39. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The Company has an Internal Control System, commensurate with the size, scale and complexity of its operations. To maintain its objectivity and independence, the Chairman of the Audit Committee of the Board is the authority to whom reporting is made in this regard.

40. VIGIL MECHANISM / WHISTLE BLOWER POLICY:

The Company has established a Vigil Mechanism as per the provisions of section 177(9) of the Act.

41. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS/ COURTS. IF ANY:

There were no significant material orders passed by the Regulators, Courts or tribunals during the year ended 31^st March, 2023 impacting the going concern status of your Company and its future operations.

42. MATERIAL EVENTS OCCURRING AFTER BALANCE SHEET DATE:

No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which these financial statements relate and on the date of this report.

43. CONSTITUTION OF INTERNAL COMPLAINTS COMMITTEE:

Since the number of workers in the Company is less than 10, the Company has not constituted the Internal Complaint Committee as required under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

44. OTHERS:

• The details of application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year alongwith their status as at the end of the financial year: Not applicable

• The details of difference between amount of the valuation done at the time of one time settlement and the valuation done while taking loan from the Banks or Financial Institutions along with the reasons thereof: Not applicable.

45. GENERAL:

Your Directors state that during the year under review, there were no cases filed or reported pursuant to the sexual harassment of women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

46. LISTING WITH STOCK EXCHANGE:

The Company confirms that it has paid the Annual Listing Fees for the year 2022-2023 to the BSE where die Company''s Shares are listed and traded.

47. SECRETARIAL STANDARDS ISSUED BY ICSI:

The Company is in compliance with all the applicable Secretarial Standards as specified by the Institute of Company Secretaries of India (ICSI).

48. INDIAN ACCOUNTING STANDARDS:

The Ministry of Corporate Affairs (MCA) on 16th February 2015, notified that Indian Accounting Standards (Ind AS) are applicable to certain classes of Companies from 1^st April, 2016 with a transition date of April 1, 2015. Ind AS has replaced the previous Indian GAAP prescribed under Section 133 of the Companies Act, 2013 (“the Act”) read with Rule 7 of the Companies (Accounts) Rules, 2014. Ind AS is applicable to the Company from 1st April, 2017.

49. RISKS AND CONCERNS:

In today’s challenging and competitive environment, strategies for mitigating inherent risks in accomplishing the growth plans of the Company are imperative. The main risks inter alia include strategic risk, operational risk, financial risk and compliances & legal risk.

50. DISCLAIMER:

Certain statement in the management discussion and analysis may be forward looking within the meaning of applicable securities laws and regulations and actual results may differ materially from those expressed or implied. Factors that would make differences to Company’s operations include competition, price

realization, changes in government policies and regulations, tax regimes, economic development and other incidental factors.

51. ACKNOWLDEGEMENTS:

Your Company and its Directors wish to sincerely thank all the service providers for their continuing support and co-operation.

Your Directors also sincerely thank the shareholders for the confidence reposed by them in the Company and for the continued support and co-operation extended by them.

For and on behalf of Inland Printers Limited

Sd/-

Bhavesh Patel Chairman DIN.: 07144964

Date: 12^th August, 2023

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Mar 31, 2015

To,

The Members,

The Directors have great pleasure in presenting the 35th Annual Report along with the Audited Balance Sheet and Profit And Loss Account, for the year ended 31st March, 2015.

1. FINANCIAL RESULTS

The financial Results are briefly indicated below:

(Amount in Rs.)

PARTICULARS YEAR ENDED

31.03.2015 31.03. 2014 Total Income 50,000 NIL

Total Expenditure 3,67,198 2,58,920

Profit/(Loss) before Taxation (3,17,198) (2,58,920)

Profit/(Loss) after Taxation (3,17,198) (2,58,920)

Profit/(Loss) Brought Forward (18,16,05,397) (18,13,46,477)

Balance carried to Balance Sheet (18,19,22,595) (18,16,05,397)

2. REVIEW OF OPERATIONS

The Company has incurred a Loss of Rs. 3,17,198/- during the year as compared to the Loss of previous year of Rs. 2,58,920/- .

3. OPERATIONS AND FUTURE PLANS:

The Company during the year under review could not conduct any major business activity due to the financial constraints and un-favorable market conditions. The Company is in the process of identifying the project which would benefit the company and shareholders at large. However, company undertook some small activities related to consultancy in the field of E-Commerce during the year.

4. CHANGES IN THE NATURE OF BUSINESS, IF ANY:

There have been no material changes in the nature of business during the period under review except that the company for the first time undertook activities related to consultancy in the field of E-Commerce.

5. DIVIDEND

In view of the Accumulated Loss as stated above, the Board of Directors regrets its inability to recommended payment of any dividend for the year under review.

6. DEPOSITS

The company has not accepted any deposits from the Public and as such, no amount of principal or interest on fixed deposit was outstanding as on the Balance sheet date.

7. DIRECTORS

In terms of Section(s) 149, 152 and all other applicable provisions of the Companies Act, 2013, for the purpose of determining the directors liable to retire by rotation, the Independent Directors are not included in the total number of Directors of the Company.

Mr. Kirankumar Ramesh Patel and Mrs. Nitaben Patel were appointed as Additional Directors designated as Wholetime Promoter Directors, on 31st March 2015. They hold office up to the date of this Annual General Meeting and are eligible for appointment. The Company has received a notice under section 160(1) of the Act proposing their candidature for the office of director liable to retire by rotation.

Mr. Gopalkrishnan Raman resigned as Director on 31st March 2015. Mr. Gopalkrishnan Raman also resigned as Compliance Officer and in his place Mr. Kiran Kumar Rameshbhai Patel was appointed as a Compliance Officer on 31st March 2015. Mr. Kapil Gupta also resigned as Non Executive Director on 31st March 2015.

The board places on record its appreciation and gratitude for services rendered by Mr. Gopalkrishnan Raman and Mr. Kapil Gupta.

8. KEY MANAGERIAL PERSONNEL:

Mr. Kirankumar R. Patel and Mrs. Nitaben B. Patel (Promoter Directors) were appointed as Whole Time Directors of the Company on 31st March 2015 without any remuneration and are subject to retire by rotation.

9. REMUNERATION TO DIRECTORS:

During the year under review, the Company has not paid any remuneration and sitting fees to any of the Directors of the Company considering the financial position of the Company.

10. REMUNERATION POLICY:

The Board has, on the recommendation of the Nomination & Remuneration Committee framed a policy for selection and appointment of Directors, Senior Management and their remuneration. The Remuneration Policy is stated in the Corporate Governance Report

11. DECLARATION BY INDEPENDENT DIRECTORS:

All the Independent Directors have given declarations that they meet with the criteria of independence as prescribed under sub-section (6) of Section 149 of the Companies Act, 2013 and under Clause 49 of the Listing Agreement with the Stock Exchange.

12. MEETINGS OF BOARD AND COMMITTEES:

During the year under review, the Board convened and held five (5) meetings on 28th May, 2014, 14th August, 2014, 14th November, 2014, 13th February, 2015, and 31st March, 2015. Details of all Board Committees along with their composition and meetings held during the year under review are given in the Corporate Governance Report. The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013.

13. PERFORMANCE EVALUATION OF BOARD, COMMITTEES & DIRECTORS:

Pursuant to the provisions of the Companies Act, 2013 and Clause 49 of the Listing Agreement, the Board has carried out an annual performance evaluation of its own performance, the Directors individually as well as the evaluation of the working of its Audit, Nomination & Remuneration Committees.

14. DIRECTOR'S RESPONSIBILITY STATEMENT

The Board of Directors hereby confirms:

a) That in the preparation of the Annual Accounts, the applicable accounting standards have been followed along with proper explanations relating to material departures made from the same

b) That 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 or Loss of the Company for that period

c) That the Directors have taken proper and sufficient care for the maintenances of adequate accounting records in accordance with the provision of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

d) That the Directors have prepared the Annual accounts on a going concern basis.

e) the directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively; and

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.

15. AUDITORS

Statutory Auditor:

At the Annual General Meeting (AGM) held on 30th September, 2014, M/s K. K. Khadaria & Co., Chartered Accountants Mumbai were appointed as statutory auditors of the Company to hold office till the conclusion of the AGM to be held in the year 2018. In terms of the provision of Section 139(1) of the Companies Act, 2013, the appointment shall be placed for ratification at every AGM. Accordingly, the appointment of M/s K. K. Khadaria & Co., Chartered Accountants, as statutory auditors of the Company, is placed for ratification by the shareholders. In this regards, the Company has received a certificate from the auditors confirming to the effect that if they are re-appointed, it would be in accordance with provisions of Section 141 of the Companies Act, 2013.

Secretarial Audit:

Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed Ms. Laxmi Didwania a Company Secretary in Practice to undertake the Secretarial Audit of the Company for the Financial year 2014-15. The Secretarial Audit Report (e-form MR-3) is annexed herewith as Annexure-A.

16. AUDITORS' REPORT:

Since notes to account are self explanatory, no further explanation is given by the Board as such.

17. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

Details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013 are given in the notes to the Financial Statements.

18. PARTICULARS OF EMPLOYEES:

There were no employees during the whole or part of the year who were in receipt of remuneration in excess of limits as covered under the Companies Act, 2013 read with Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Further, there were no employees to whom the gratuity or any other retirement benefits were payable by the Company.

19. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

There are no materially significant related party transactions made by the Company with the promoters, Directors or Key managerial personnel which may have a potentially conflict of interest with the interest of the Company at large.

20. SUBSIDIARIES:

The Company has no subsidiaries during the year under review.

21. INDUSTRIAL RELATIONS:

The company was not engaged in any industrial activity during the year. Your Directors recognize and appreciate the sincere work, dedicated efforts and contribution of all the directors and stakeholders during the year. There were no employees in the company during the year.

22. TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND (IEPF):

Your Company did not have any funds lying unpaid or unclaimed for a period of seven years. Therefore there were no funds which were required to be transferred to Investor Education and Protection Fund (IEPF).

23. AMOUNT TRANSFER TO RESERVES:

During the year under review no amount has been transferred to the reserves pursuant to the provisions of section 134(3)(j) of the Companies Act, 2013 in view of the losses incurred by the company.

24. ISSUE OF SHARES:

The Company during the year under review has not issued any Sweat equity shares or shares with differential rights or under Employee stock option scheme nor did it buy back any of its shares.

25. CORPORATE GOVERNANCE:

Pursuant to Clause 49 of the Listing Agreement with the BSE Limited, a separate report on Corporate Governance is enclosed herewith as Annexure - B together with a Certificate from the Company's Auditors confirming compliance of conditions on Corporate Governance.

26. EXTRACT OF ANNUAL RETURN:

In accordance with the provisions of section 134 (3) (a) of the Companies Act, 2013 the details forming part of the extract of the Annual Return in form MGT - 9 is annexed herewith as Annexure - C.

27. CASH FLOW STATEMENT:

In conformity with the Accounting Standard - 3 issued by the Institute of Chartered Accountants of India and the provisions of Clause 32 of the Listing Agreement with the BSE Limited, the Cash Flow Statement for the year ended March 31, 2015 is annexed to the accounts.

28. CORPORATE SOCIAL RESPONSIBILITY INITIATIVES:

The provisions of section 135(o), 135(2) of the Companies Act, 2013 read with Rule 8 of Companies (CSR) Rules is not applicable to the Company as it is not falling under the criteria mentioned in the Act.

29. MANAGERIAL REMUNERATION

No managerial personnel is drawing any remuneration pursuant to section 197 of the Companies Act, 20133 and Rule 5 of Companies (Appointment & Remuneration of managerial personnel), Rules 2014.

30. CONSERVATION OF ENERGY & TECHNOLOGY ABSORBTION:

Since the Company does not have a manufacturing unit, provisions of Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3)(A) & (B) of the Companies (Accounts) Rules, 2014, as amended from time to time, regarding conservation of energy and technology absorption is not applicable.

31. FOREIGN EXCHANGE EARNINGS AND OUTGO:

During the year under review there were no other Foreign Exchange transactions.

32. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The Company has an Internal Control System, commensurate with the size, scale and complexity of its operations. To maintain its objectivity and independence, the Internal Control function reports to the Chairman of the Audit Committee of the Board.

33. VIGIL MECHANISM / WHISTLE BLOWER POLICY:

The Company is not required to establish Vigil Mechanism as per the provisions of section 177(9) of the Companies Act, 2013 as the Company has not accepted any deposits nor it has borrowed money from banks & Financial Institutions in excess of 50 crores.

34. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS / COURTS, IF ANY:

There were no significant material orders passed by the Regulators, Courts or tribunals during the year ended 31st March, 2015 impacting the going concern status of your Company and its future operations.

35. MATERIAL EVENTS OCCURRING AFTER BALANCE SHEET DATE:

During the year under review, there were no other material events and commitments affecting financial position of the Company occurring after Balance sheet date.

36. GENERAL:

Your Directors state that during the year under review, there were no cases filed or reported pursuant to the sexual harassment of women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

37. LISTING WITH STOCK EXCHANGES:

The Company confirms that it has paid the Annual Listing Fees for the year 2015-2016 to the BSE where the Company's Shares are listed and traded.

38. ACKNOWLDEGEMENTS:

Your Company and its Directors wish to sincerely thanks all the customers, financial institution, creditors etc for their continuing support and co-operation.

Your Directors also sincerely thank the shareholders for the confidence reposed by them in the company and for the continued support and co-operation extended by them.

By Order Of the Board

Chairman

Date: 30th May 2015

Place: Mumbai

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Mar 31, 2014

The Members,

The Directors have great pleasure in presenting the 34th Annual Report along with the Audited Balance Sheet and Profit And Loss Account, for the year ended 31st March, 2014.

1. FINANCIAL RESULTS

The financial Results are briefly indicated below: (Amount in Rs.)

PARTICULARS YEAR ENDED 2013-2014 2012-2013

Total Income NIL 67,76,154

Total Expenditure 2,58,920 14,19,211

Profit/(Loss) before Taxation (2,58,920) 53,56,943

Profit/(Loss) after Taxation (2,58,920) 53,57,143

Profit/(Loss) Brought Forward (18,13,46,477) (18,67,03,621)

Balance carried to Balance Sheet (18,16,05,397) (18,13,46,477)

2. REVIEW OF OPERATIONS

The Company has incurred a Loss of Rs. 2,58,920/- during the year as compared to the Profit of previous year of Rs. 53,57,143/- .

3. DIVIDEND

In view of the Accumulated Loss as stated above, the Board of Directors regrets its inability to recommended payment of any dividend for the year under review.

4. DEPOSITS

The company has not accepted any deposits from the Public and as such, no amount of principal or interest on fixed deposit was outstanding as on the Balance sheet date.

5. PARTICULARS OF EMPLOYEES

There were no employees during the whole or part of the year who were in receipt of remuneration in excess of limits as set out in terms of the provisions of section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rules 1975 as amended.

6. DIRECTORS

Mr. Gopalkrishnan Raman is retiring by rotation in terms of provisions of the Companies Act, 1956 and is eligible for re-appointment. The resolution for his appointment as Director is placed before you in the Annual General Meeting. Pursuant to the provisions of Clause 49 of the Listing Agreement brief particulars of the director are provided as an annexure to the notice.

Mr. Jitendra Chavda, Mr. Melwyn Fernandes, Mr. Ashok Bansal and Mr. Kapil Gupta appointed as Directors of the Company in Annual General Meeting held on 30th September, 2013 who were appointed as an additional director''s during the year.

Mr. Kapil Gupta was appointed as Additional Director designated as Non Executive Promoter Director, on 14th August, 2013.

Mrs. Shanti Gopalkrishnan resigned as Non Executive Director on 7th January, 2014.

Mrs. Shanti Gopalkrishnan resigned as Compliance Officer and in her place Mr. Gopalkrishnan Raman was appointed as a Compliance Officer on 7th January, 2014.

Mrs. Indumati Raman resigned as Non Executive Director on 7th January, 2014.

The board places on record its appreciation and gratitude for services rendered by Mrs. Shanti Gopalkrishnan and Mrs. Indumati Raman.

7. SUBSIDIARIES:

Since the Company has no subsidiaries, provision of section 212 of the Companies Act, 1956 is not applicable.

8. DIRECTOR''S RESPONSIBILITY STATEMENT

The Board of Directors hereby confirms:

a) That in the preparation of the Annual Accounts, the applicable accounting standards have been followed along with proper explanations relating to material departures made from the same

b) That 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 or Loss of the Company for that period

c) That the Directors have taken proper and sufficient care for the maintenances of adequate accounting records in accordance with the provision of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

d) That the Directors have prepared the Annual accounts on a going concern basis.

9. CONSERVATION OF ENERGY & TECHNOLOGY ABSORBTION

Since the Company does not have a manufacturing unit provisions of Section 217 (1)(e) of the Companies Act, 1956, read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 regarding conservation of energy and technology absorption is not applicable.

10. FOREIGN EXCHANGE EARNINGS AND OUTGO.

During the year under review, t here were no Foreign Exchange transactions.

11. AUDITORS

M/s V.K. Beswal & Associates, Chartered Accountants, have been the statutory auditors of the Company; however, a communique has been received from them expressing their inability to continue as Auditors of the Company for the FY 2014-15. It is therefore proposed that M/s K.K. Khadaria & Co., Chartered Accountants be appointed as statutory auditors of the Company till the conclusion of the 39th Annual General Meeting subject to ratifications by the members of the Company at every Annual General Meeting.

12. AUDITORS REPORT:

Since notes to account are self explanatory, no further explanation is given by the Board as such.

13. COMMITTEES OF THE BOARD

Pursuant to Section 292A of the Companies Act, 1956 and clause 49 of Listing Agreement the Company has constituted Audit Committee. Besides this the Company has also constituted Shareholder / Investor Grievance Committee to redress investor''s complaint, if any.

Mrs. Shanti Gopalkrishnan resigned as an Non Executive Directors on 7th January, 2014 and therefore seized to be a member of the Shareholder / Investor Grievance committee and in her place Mr. Gopalkrishnan Raman has been appointed as member of the committee.

14. CORPORATE GOVERNANCE REPORT

The Company has obtained a certificate on Corporate Governance Report from Mr. Sanjay Shringarpure, Partner PRS Associates, Company Secretaries which is annexed hereto.

A separate Report on Corporate Governance is also annexed hereto and marked as Annexure A to this Report.

15. ACKNOWLDEGEMENTS

Your Directors sincerely thank the shareholders for the confidence reposed by them in the company and for the continued support and co-operation extended by them.

By Order Of the Board For Inland Printers Limited

Sd/- Chairman Date: 25/08/2014 Place: Mumbai

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Mar 31, 2012

The Directors have great pleasure in presenting the 32nd Annual Report along with the Audited Balance Sheet and Profit And Loss Account, for the year ended 31st March, 2012.

1. FINANCIAL RESULTS

The financial Results are briefly indicated below:

(Amt in Rs.)

PARTIULARS YEAR ENDED

2011-2012 2010-11

Total Income Nil Nil

Total Expenditure 6,05,443 33,228

Profit/ (Loss) before Taxation (6,05,443) (33,228)

Profit/ (Loss) after Taxation (6,05,443) (33,228)

Profit/ (Loss) Brought Forward (18,60,98,178) (18,60,64,950)

Balance carried to Balance Sheet (18,67,03,621) (18,60,98,178)

2. REVIEW OF OPERATIONS

The Company has incurred losses of Rs 6,05,443/- during the year under review. Your Directors expects to achieve better performance in the future and taking maximum efforts to control the costs and optimize the result in the coming years. The shares of your Company are listed at Bombay Stock Exchange. However the trading in equity shares of your company at Bombay Stock Exchange is presently suspended due to non- compliances of some of the clauses of Listing Agreement. The management is in the process of reviving the company

3. DIVIDEND

In view of the accumulated losses your Directors do not recommend any dividend.

4. DEPOSITS

The company has not accepted any deposits from the Public and such, no amount of principal or interest on fixed deposit was outstanding as on the Balance sheet date.

5. PARTICULARS OF EMPLOYEES

There were no employees during the whole or part of the year who were in receipt of remuneration in excess of limits as set out in terms of the provisions of section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rules 1975 as amended.

6. DIRECTORS

Mrs. Shanti Gopalkrishnan and Mrs. Indumati Raman Directors retiring by rotation in terms of provisions of the Companies Act, 1956 and are eligible for re- appointment. The resolutions for their appointment as Director(s) are placed before you in the Annual General Meeting.

7. SUBSIDIARIES:

Since the Company has no subsidiaries, provision of section 212 of the Companies Act, 1956 is not applicable.

8. DIRECTOR'S RESPONSIBILITY STATEMENT

The Board of Directors hereby confirms:

That in the preparation of the Annual Accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures.

That 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 or Loss of the Company for that period.

That the Directors have taken proper and sufficient care for the maintenances of adequate accounting records in accordance with the provision of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

That the Directors have prepared the Annual accounts on a going concern basis.

9. CONSERVATION OF ENERGY & TECHNOLOGY ABSORBTION

Since the Company does not have a manufacturing unit provisions of Section 217 (1)(e) of the Companies Act, 1956, read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 regarding conservation of energy and technology absorption is not applicable.

10. FOREIGN EXCHANGE EARNINGS AND OUTGO.

During the year under review, besides the transactions reported elsewhere, there were no other Foreign Exchange transactions.

11. AUDITORS

The Board recommends appointment of M/S V.K. Beswal & Associates, Chartered Accountant as Statutory Auditors of the Company for the financial year 2012-13, who have also confirmed that their appointment shall be within limits specified under section 224 (1B) of the Companies Act, 1956.

12. AUDITORS REPORT:

Since notes to account are self explanatory, no further explanation is given by the Board as such.

13. COMMITTEES OF THE BOARD

Pursuant to Section 292A of the Companies Act, 1956 and clause 49 of Listing Agreement the Company has formed Audit Committee. Besides this the Company has also formed Shareholder / Investor Grievance Committee to redress investor's complaint, if any.

14. CORPORATE GOVERNANCE REPORT

The Company has obtained Corporate Governance Report from Ms. Palak Desai, Company Secretary in Practice and is annexed hereto.

A separate Report on corporate Governance is also annexed hereto and marked as Annexure A to this Report.

15. ACKNOWLDEGEMENTS

Your Company and its Directors wish to sincerely thanks all the customers, financial institution, creditors etc. for their continuing support and co-operation.

Your Directors express their appreciation for the dedicated and sincere services rendered by the employees of the company and also sincerely thank the shareholders for the confidence reposed by them in the company and from the continued support and co-operation extended by them.

A separate Report on corporate Governance is also annexed hereto and marked as Annexure A to this Report.

By Order Of the Board

For Inland Printers Limited

Chairman

Date: 30.05.2012

Place: Mumbai

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Mar 31, 2011

The Directors have pleasure in presenting the 31st Annual Report with the audited statement of Accounts of your Company for the period ended 31st march, 2011.

BUSINESS

PARICULARS F.Y. F.Y 2010-2011 2009-2010 Rs. Rs.

Turnover/Other receipts - -

Profit/(Loss) before depreciation (33,228) (43,118)

Less: Depreciation - -

Net Profit Before tax (33,228) (43,118)

Less: Provision for income tax/deferred tax - -

Profit/(Loss) before prior period adjustment (33,228) (43,118)

Less: Prior Period Adjustment - -

Net Profit After Tax and Prior Period Adjustment (33,228) (43,118)

Balance brought forward (186,064,949) (186,021,831)

Balance carried forward (186,098,177) (186,064,949)

Auditor's Qualification

1.NOTE REGARDING NON PROVISION OF INTEREST & REPAYMENT OF SECURED LOANS:

Interest on working capital loan from The Shamrao Vithal Co-operative Bank Ltd has not been provided during the year as the amount is not ascertained. The company has received a favorable judgment from the Arbitrator in the case against the The Shamroa Vithal Co-operative Bank Ltd, however the award is being challenged by the Bank in the Bombay High Court. The decision is awaited.

2.NOTE WITH REGARD TO GOING CONCERN CONCEPT

The accounts have been prepared on the principle of going concern with a view to revive the operations of the company in future. The company is not a sick industrial company within the meaning of section 3(1)(0) of the Sick Industrial Companies (Special Provision) Act, 1985. Due to erosion of net worth of the company to the extent of more than 50% of its net worth, the company is a potentially Sick Industrial Company.

3. NOTE WITH REGARD TO NON PROVISION OF SALES TAX

Regarding Non provision of Bombay Sales Tax and Central Sales Tax amounting to Rs.1,05,661/-and Rs.4,17,097/- respectively has not been provided for as the matter is pending under appeal.

DIRECTOR'S RESPONSIBILITY STATEMENT

Pursuant to the provisions of section 217(2AA) of the Companies Act,1956, the Board hereby certifies and confirms that:

In the preparation of the Annual Accounts, he applicable accounting standards have been followed.

In the preparation of Accounts, the company has selected proper 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 your company at the end of the financial year of the Loss of the company for that period.

In the preparation of accounts, the company has taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

In preparation of the accounts, the going concern concept has been followed.

PARTICULARS OF EMPLOYEES PARTICULARS OF EMPLOYEES SPECIFIED U/S,217(2A) OF THE COMPANIES ACT, 1956.:

No employees has been paid salary of Rs. 24,00,000/- P.A. if employed through out the year or Rs. 2,00,000/- P.M. if employed for part of the year.

ACCOUNTS

Accounts for the year ended 31.03.2011 have been finalised and got duly audited and are presented for approval and adoption.

DIVIDEND

In view of losses, your directors do not recommend any dividend for the year.

CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

The clause regarding conservation of energy and technology absorption are not applicable to the company.

Foreign Exchange Earnings and Outgo.

During the year, there were no foreign exchange earnings and outgo.

AUDTIORS

M/s. V.K. BESWAL & ASSOCIATES, Chartered Accountants, Mumbai Auditors of the Company, retire and being eligible offers themselves for reappointment as Auditors.

FOR AND ON BEHALF OF THE BOARD

CHAIRMAN

PLACE: MUMBAI

DATED: 31st January, 2012

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Mar 31, 2010

The Directors have pleasure in presenting the 30th Annual Report together with the audited statement of account of the Company for the year ended 31st march, 2010.

BUSINESS

PARICULARS F.Y. F.Y 2009-2010 2008-2009 Rs. Rs.

Turnover/Other receipts - 50,000

Profit/(Loss) before depreciation (43,118) (147,572)

Less: Depreciation - -

Net Profit Before tax (43,118) (147,572)

Less: Provision for income tax/deferred tax - -

Profit/(Loss) before prior period adjustment (43,118) (147,572)

Less: Prior Period Adjustment - -

Net Profit After Tax and Prior Period Adjustment (43,118) (147,572)

Balance brought forward (186,021,831) (185,874,259)

Balance carried forward (186,064,949) (186,021,831)



NOTE REGARDING NON PROVISION OF INTEREST & REPAYMENT OF SECURED LOANS:

Interest on working capital loan from The Shamrao Vithal Co-operative Bank Ltd has not been provided during the year as the amount is not ascrtained. The comapny has received a favorable judgment from the Arbitrator in the case against the The Shamroa Vithal Co-operative Bank Ltd, however the award is being challenged by the Bank in the Bombay High Court. The decision is awaited.

NOTE

The accounts have been prepared on the prepared on the principle of going concern with a view to revive the operations of the company in future. The company is not a sick industrial company with in the meaning of section 3(1)(0) of the Sick Industrial Companies (Special Provision) Act, 1985. Due to erosion of net worth of the company to the extent of more than 50% of its net worth, the company is a potentially Sick Industrial Company.

DIRECTOR'S RESPONSIBILITY STATEMENT

In the preparation of the Annual Accounts, he applicable accounting standards have been followed.

In preparation of Accounts, the company has selected proper accounting policies and applied them consistently and made judjements 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 of the Profit and Loss of the company for that period.

In the preparation of accounts, the company has taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

In preparation of the accounts, the going concern concept has been followed.

PARTICULARS OF EMPLOYEES PARTICULARS OF EMPLOYEES SPECIFIEDU/S,217(2A) OF THE COMPANIES ACT, 1956.:

No employees has been p[aid salary of Rs. 24,00,000/- P.A. if employed through out the year or Rs. 2,00,000/- P.M. if employed for part of the year.

ACCOUNTS

Accounts for the year ended 31.03.2010 have been finalised and got duly audited and are presented for approval and adoption.

DIVIDEND

In view of losses, your directors do not recommend any dividend for the year.

CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

The clause regarding conservation of energy and technology absorption are not applicable to the company.

Foreign Exchange Earnings and Outgo.

During the year, there were no foreign exchange earnings and outgo.

AUDTIORS

M/s. V.K. BESWAL & ASSOCIATES, Chartered Accountants, Mumbai Auditors of the Company, retire and being eligible offers themselves for reappointment as Auditors.

FOR AND ON BEHALF OF THE BOARD

CHAIRMAN

PLACE: MUMBAI

DATED: 01 SEP 2010