Your Directors have pleasure in presenting this 31^st Annual Report together with Audited
Accounts of the Company for the Financial Year ended 31^st March, 2025.

1. FINANCIAL PERFORMANCE OVERVIEW

The financial results of the Company for the year ended 31^st March, 2025 and for the
previous year ended 31^st March, 2025 are as follows:

[Amount in Rs "Thousand"]

2. DIVIDEND

To provide a financial cushion to its future prospects, the Board of Directors does not
recommend any dividend for the year ending March 31, 2025.

3. TRANSFER TO RESERVES

The Board does not propose to transfer any amount to the reserves.

4. WEB LINK OF ANNUAL RETURN, IF ANY:

The Company is having website i.e._ https://www.ankaindia.com and annual return of
Company has been published on such website. Link of the same is given below:

https://www.ankaindia.com/financial-statements/annual-return

5. STATE OF COMPANY'S AFFAIR AND FUTURE OUTLOOK

The financials year 2024-25 has proven to be a successful year for the Company as the
income of the Company has been increased form Rs. 5,734 (P.Y.) to Rs. 6,391 (C.Y).

However, the profit of the Company has been decreased from Rs. 4,200 (P.Y.) to Rs.
2,323 (C.Y.) and also Company is not able to generate any revenue from its operation but
the amazing part is that the Company has completed the acquisition of Futech Internet
Private Limited by swapping of 3,61,54,529 (Three Crore Sixty One Lakh, Fifty- Four
Thousand Five Hundred Twenty Nine) Equity Shares of face value of Rs. 10/- (Rupees
Ten) each, fully paid-up, ("Equity Share") at an Issue Price of Rs. 17 (Rupees
Seventeen only) per equity share of the Company and now Futech Internet Private
Limited has become wholly owned subsidiary of the Company.

Further Board has also decided to merge the Futech Internet Private Limited and
accordingly is in process to file necessary merger application with the relevant authorities.

The board of the Directors are putting their best efforts and they believe that the due to
acquisition/merger of Futech Internet Private Limited the Company will achieve its long term
objective and to achieve new heights.

The operational aspects of the Company's working have been covered in detail in the
Management Discussion and Analysis Report and the same is deemed to be part of this
Directors' Report.

6. CHANGE IN THE NATURE OF BUSINESS

There are no change in the nature of business of the Company during the financial year.
However after the end of the financial year the Company has changed its main objects from
media and entertainment to It and Advertising the detailed explanation for the change in
the objects are already explained in the Extra ordinary General Meeting of the Company
held on 12^th April, 2025.

7. MATERIAL CHANGES AND COMMITMENTS. IF ANY, AFFECTING THE FINANCIAL
POSITION OF THE COMPANY WHICH HAVE OCCURRED BETWEEN THE END OF
THE FINANCIAL YEAR OF THE COMPANY TO WHICH THE FINANCIAL
STATEMENTS RELATE AND THE DATE OF THE REPORT

There has been no material change and commitments occurred, between the end of the
financial year of the Company i.e. 31^st March, 2025 and the date of this report affecting the
financial position of the Company except the acquisition of Futech Internet Private Limited.

8. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURT

There are no significant and material order passed by the Regulators or Court, which would
impact the going concern status of the Company and its future operations.

9. INTERNAL FINANCIAL CONTROL

The Company's Internal Auditors have conducted periodic audit to provide reasonable
assurance that the Company's established policies and procedures have been followed. The

Audit Committee constituted by the Board reviews the internal control and financial
reporting issues with the Internal Auditors.

A detailed note has been provided under Management Discussion and Analysis report

10.SUBSIDIARY, JOINT VENTURES AND ASSOCIATE COMPANIES, PERFORMANCE
AND FINANCIAL POSITION OF EACH OF THE SUBSIDIARIES, ASSOCIATES AND
JOINT VENTURE COMPANIES

During the period under review no company have become or ceased to be its Subsidiaries,
joint ventures or associate companies.

The Company does not have any Subsidiary, Joint venture Company or Associate
Companies hence there is no comments is required on their performance.

11. 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

As Company has not done any one time settlement during the year under review hence no
disclosure is required.

12. DETAILS OF APPLICATION / ANY PROCEEDING PENDING UNDER THE
INSOLVENCY AND BANKRUPTCY CODE, 2016

Neither any application was made nor any proceeding pending under the Insolvency and
Bankruptcy Code, 2016 (31 of 2016) during the financial year.

13. 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

As Company has not done any one time settlement during the year under review hence no
disclosure is required.

14. DETAILS OF MONEY ACCEPTED FROM DIRECTOR

During the period under review the Company has accepted money in the form of unsecured
loan from the director or relative of the director of the Company the details of which are
forming part of the financials statement as attached herewith.

15. DEPOSIT

During the year under review, your Company did not accept any Deposits from the Public
covered under Chapter V of the Companies Act, 2013.

16. AUDITORS

• STATUTORY AUDITORS

M/S R.S. Prabhu & Associates, Chartered Accountants, Firm Registration No. 127010W was
appointed as the statutory auditors in the 27^th Annual General Meeting of the Company who
shall holds office upto the conclusion of the 32^nd Annual General Meeting of the Company as
per the provisions of the Section 139 of the Companies Act, 2013 and there is no change in
the auditor of the Company.

• INTERNAL AUDITORS

Pursuant to the provisions of section 138 of the Companies Act, 2013 every listed Company
has to appoint an Internal Auditor who shall either be a chartered accountant or a cost
accountant, or such other professional as may be decided by the Board to conduct internal
audit of the functions and activities of the company. Accordingly, the Board of Directors of
your Company in their meeting held on 30/05/2025 has re-appointed M/s Manoj S. Sharma
& Associates Chartered Accountants, Delhi as Internal Auditors of the Company, pursuant to
the provisions of Section 138 of the Companies Act, 2013 for the Financial Year 2025-2026.

• SECRETARIAL AUDITORS

Section 204 of the Companies Act, 2013 inter-alia requires every listed company to annex
with its Board's report, a Secretarial Audit Report given by a Company Secretary in practice,
in the prescribed format.

The Board of Directors appointed M/s Dhingra and Associates having Membership No.:
54386, Company Secretary, as Secretarial Auditor to conduct Secretarial Audit of the
Company for Financial Year 2024-25 and their report is annexed to this Board report
Annexure B.

17. AUDITORS' REPORT

• STATUTORY AUDIT REPORT

Rest of the observations of the auditors on the Financial Statements including relevant notes
on the accounts are self-explanatory and therefore do not call for any further comments.

During the year under review, the Auditors had not reported any matter under Section
143(12) of the Companies Act, 2013 therefore no detail is required to be disclosed under
Section 134(3) of the Act.

• SECRETARIAL AUDITOR REPORT

18.SHARE CAPITAL

Recognizing the needs of the business and to strengthen the working capital of the
Company the Board of Directors has raised the funds by issue of further share capital.

The Company has issued 54,10,375 Equity Shares at a price of Rs 10/- per share each upon
the conversion of warrants and accordingly the paid up share capital of the Company has
been increased from Rs. Rs. 9,97,75,810 (Rupees Nine Crore Ninety Seven Lakh Seventy

Five Thousand Eight Hundred Ten) to 15,38,79,560 (Rupees Fifteen Crore Thirty Eight Lakh
Seventy Nine Thousand Five Hundred Sixty).

Further the Company Forfeited 73,12,044 Share Warrants upto the extent of payments
made (Rs.3 Per Share Warrant). Forfeiture was made in the month of August 2024 being
the completion of 18 months from the date of allotment as stipulated by the SEBI Act &
Rules.

• DISCLOSURE REGARDING ISSUE OF EQUITY SHARES WITH DIFFERENTIAL
RIGHTS

All the equity shares of the Company are having pari - passu rights and the Company has
not issued any equity shares with differential rights.

• DISCLOSURE REGARDING ISSUE OF SWEAT EQUITY SHARES

The Company has not issued any sweat equity during the year.

19. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNING AND OUTGO

Information under Section 134 of the Companies Act, 2013 read with the rules made there
under is given in Annexure 'C' forming part of this Report.

20. CORPORATE SOCIAL RESPONSIBILITY

With the enactment of the Companies Act, 2013 and the Companies (Corporate Social
Responsibility) Rules, 2014 read with various clarifications issued by Ministry of Corporate
Affairs every company having the net worth of Rs. 500 crores or more, turnover of Rs. 1000
crores or more, or net profit of Rs 5 Crore or more during any financial year have to spend
at least 2% of the average net profit of the company made during the three immediately
preceding financial years.

As per the guidelines given above our company does not come under the stipulated
category to spend any amount on the CSR activity.

21. DIRECTORS AND KEY MANAGERIAL PERSON

a. CHANGES IN DIRECTORS

Mr. SULAKASHANA TRIKHA (DIN: 02924761) retires by rotation and being eligible, offers
himself for re-appointment in accordance with the provisions of Section 152(6) and the
Articles of Association of the Company. A resolution seeking shareholders' approval for his
re-appointment forms part of the Notice.

The disclosures required pursuant to Regulation 36 of the SEBI Listing Regulations and the
Secretarial Standards on General Meeting ('SS-2') are given in the Notice of this AGM,
forming part of the Annual Report.

Further, during the period under review, there are no changes in the Board of Directors of
the Company expect the appointment of Mr Raman Rakesh Trikha on 30.09.2024 who is
liable to retire by rotation.

b. CHANGES IN KEY MANAGERIAL PERSON

During the period under review there are no changes in key managerial persons.

c. DECLARATION BY AN INDEPENDENT DIRECTOR(S)

All Independent Directors of the Company have given requisite declarations under Section
149(7) of the Act, that they meet the criteria of independence as laid down under Section
149(6) of the Act along with Rules framed thereunder.

In the opinion of the Board, the Independent Directors possess the requisite expertise and
experience and are persons of high integrity and repute. They fulfil the conditions specified
in the Act as well as the Rules made thereunder and are independent of the management.

d. BOARD EVALUATION

The evaluation framework for assessing the performance of Directors of your Company
comprises of contributions at the meetings, strategic perspective or inputs regarding the
growth and performance of your Company, among others

Pursuant to the provisions of the Act and the Listing Regulations, the Directors have carried
out the annual performance evaluation of the Board, Independent Directors, Non-executive
Directors, Executive Directors, Committees and the Chairman of the Board.

The details of Programme for familiarization of Directors of your Company are available on
your Company's website viz www.ankaindia.com.

22.MEETINGS

During the financial year 2024-25 there were 7 (Seven) Board Meetings, 5 (Five) Audit
Committee meetings, 3 (Three) meetings of the Stakeholder relationship committee, 1
(One) meeting of the Nomination and remuneration Committee and 1 (One) meeting of
Independent Director held for which proper notice has been given and the proceedings are
recorded in the minutes thereof. The provisions of Companies Act, 2013 were adhered while
considering the time gap between two meetings.

The Details of the Board and Committee Meetings are as Follows:-

In terms of section 177 of the Companies Act, 2013 the Composition of the Audit committee
is Mrs. Niti Sethi is the Chairman and Mrs. Sulakshana Trikha and Mrs. Asha Kishinchand are
the Members.

During the period under review the board has accepted all the recommendation of the Audit
committee.

23. VIGIL MECHANISM AND WHISTLE BLOWER POLICY

Fraud free and corruption free work culture has been the core of the company's functioning.
In view of the potential risk of fraud and corruption due to rapid growth and geographical
spread of operations, the Company has put even greater emphasis to address this risk.

To meet this objective, a Whistle Blower Policy has been laid down. The same policy as
approved by the Board was uploaded on the Company website at web link
www.ankaindia.com.

24. REMUNERATION POLICY

The Board has framed a policy for selection of and appointment of Directors, Senior
Management and their remuneration and the same has been uploaded on the website of the
Company at web link www.ankaindia.com.

25. PARTICULARS OF LOAN, GUARANTEES AND INVESTMENT

Information regarding loans, guarantees and investments covered under the provisions of
section 186 of the Act, are detailed in the financial statements.

26. RELATED PARTY TRANSACTIONS

All related party transactions that were entered into during the financial year were on an
arm's length basis and in the ordinary course of business. There are no materially significant
related party transactions made by the Company with Promoters, Directors, and Key
Managerial Person etc., which may have potential conflict with the interest of the Company
at large.

All related party transactions were presented to the Audit Committee and the Board.
Approval is obtained for the transactions which are foreseen and repetitive in nature.
Related party transactions entered were presented before the Board and Audit Committee
on quarterly basis, specifying the nature, value and terms and conditions of the
transactions.

The Related Party Transactions Policy as approved by the Board is uploaded on the
Company's website at the web link www.ankaindia.com.

No Material Related Party Transactions were entered during the year by your Company.
Accordingly, the disclosure of Related Party Transactions as required under Section 134(3)
(h) of the Companies Act, 2013 in Form AOC 2 is not applicable.

27. CORPORATE GOVERNANCE

As per the Regulation 15 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulation 2015 The compliance with the corporate governance provisions as specified in
regulations 17, 77[17A,] 18, 19, 20, 21,22, 23, 24, 78[24A,] 25, 26, 79[26A,] 27 and
clauses (b) to (i) 80[and (t)] of sub-regulation (2) of regulation 46 and para C , D and E of
Schedule V shall not apply, in respect of listed entity having paid up equity share capital not
exceeding rupees ten crore and net worth not exceeding rupees twenty five crore, as on the
last day of the previous financial year.

Whereas as per the last Audited Balance Sheet as made up till 31.03.2024 the Company
falls short of the above mentioned criteria, hence the provisions relating to Corporate
Governance as mentioned above para does not apply to the Company. However, the
company is taking utmost care and following all the provisions of the Corporate Governance
as prescribed under the SEBI (Listing Obligations & Disclosure Requirements) Regulations
2015.

28. PARTICULARS OF EMPLOYEES AND MANAGERIAL REMUNERATION

Since Company has not paid any remuneration to any of its directors pursuant to Section
197 of the Act read with Rule 5 of the Companies (Appointment and Remuneration of
Managerial personnel) Rules 2014 median employee remuneration cannot be compared.
Hence the said details are not provided.

29. RISK MANAGEMENT POLICY

Risk Management is a very important part of every business. Company's Risk Management
Policy divides Risk into two broad categories; one Risk Associated at the Transactional Level
and the other Risk Associated at the Decision Making Level.

In respect of the Risk Associated at Transactional Level, the company has appropriate
control mechanism and operating effectiveness of the Internal Financial Controls and Legal
Compliance System. The company has created appropriate structures with proper
delegation of duties and responsibilities of employee at each level on enterprise basis for
compliances thereof.

In respect of Risk Associated at Decision Making level like political, social & economic,
market, technology, capital structure, foreign exchange & interest rate, they are evaluated
before taking any strategic & financial decisions.

Adequacy and operative effectiveness of the Internal Financial Control and Legal Compliance
System are periodically reviewed by the Management, Internal Auditors, Statutory Auditors
and the Audit Committee.

30. PERSONNEL

Personnel relations with all employees remained cordial and harmonious throughout the
year. Your Directors wish to place on record their sincere appreciations for the continued,
sincere and devoted services rendered by all the employees of the Company.

31. DISCLOSURES UNDER SEXUAL HARRASMENT OF WOMEN AT WORKPLACE
(PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013

As per the requirement of The Sexual Harassment of Women at Workplace (Prevention,
Prohibition & Redressal) Act, 2013 ('Act'), the Company has constituted Internal Complaints
Committees (ICC) which are responsible for redressal of complaints related to sexual
harassment. The objective of the Policy is to create and provide a work environment that is
safer, civilized, free from any sort of hostility, supportive to the diversity & dignity of all
Associates, where Associates feel secure, provide protection to the Associates at the
workplace and established guidelines for prevention & redressal of complaints of sexual
harassment and matters connected or incidental thereto at the workplace on the basis of
natural justice and confidentiality.

The Company is committed to provide a safe and conducive work environment to its women
employees.

The company has complied with provisions relating to the constitution of Internal
Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013 [14 of 2013]

32. STATEMENT THAT THE COMPANY HAS COMPLIED WITH MATERNITY BENEFIT
ACT.

The Company affirms that it has duly complied with all provisions of the Maternity Benefit
Act, 1961, and has extended all statutory benefits to eligible women employees during the
year.

33. NUMBER OF EMPLOYEES AS ON THE CLOSURE OF FINANCIAL YEAR

34.COST RECORDS

The Company is not required maintain cost records as specified by the Central Government
under sub-section (1) of section 148 of the Companies Act, 2013,

35.SECRETARIAL STANDARDS

The Company has duly complied with the secretarial standards as prescribed by the ICSI.
36.DIRECTORS' RESPONSIBILITY STATEMENT

On the basis of compliance certificates received from the Executives of the Company,
subject to disclosures in the Annual Accounts and also on the basis of the discussion with

the Statutory Auditors/Internal Auditors of the Company from time to time, your Directors
make the following statements in terms of Section 134(3)(c) of the Companies Act, 2013

a) in the preparation of the annual accounts for the year ended March 31^st 2025, the
applicable accounting standards read with requirements set out under Schedule III to
the Act, have been followed and there are no material departures from the same;

b) the Directors have selected such accounting policies and applied them consistently and
made judgments and estimates that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the Company as at March 31^st, 2025 and of the loss of
the Company for the year ended on that date;

c) the Directors have taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Act for safeguarding the
assets of the Company and for preventing and detecting fraud and other irregularities;

d) the Directors have prepared the annual accounts on a 'going concern' basis;

e) the Directors have laid down internal financial controls to be followed by the Company
and that such internal financial controls are adequate and are operating effectively; and

f) the Directors have devised proper systems to ensure compliance with the provisions of
all applicable laws and that such systems are adequate and operating effectively.

The Company's Internal Auditors have conducted periodic audit to provide reasonable
assurance that the Company's established policies and procedures have been followed. The
Audit Committee constituted by the Board reviewed the internal controls and financial
reporting issues with Internal Auditors and Statutory Auditors.

ACKNOWLEDGEMENT

The Directors express their gratitude and thanks to all the Institutions & Banks, Government
Authorities where company's operations are carried out, Shareholders, Customers, Suppliers
and other Business Associates for their continued co-operation and patronage.

FOR AND ON BEHALF OF THE BOARD

Place: Gurgaon
Dated: 03/09/2025

SD/- SD/-

SULAKASHANA TRIKHA RAMAN RAKESH TRIKHA

WHOLE TIME DIRECTOR DIRECTOR

DIN 0292476 DIN:00383578