The Board of Directors are pleased to present the report of the business and operations of your Company ("the
Company" or "APL"), along with the audited financial statements, for the financial year ended March 31, 2025 in
compliance with the applicable provisions of the Companies Act, 2013 and Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) 2015.

1. FINANCIAL SUMMARY AND HIGHLIGHTS:

The financial results for the year ended 31^st March, 2025 and the corresponding figures for the last year are as under:

(Amount in Rupees'

2. AMOUNT TRANSFER TO RESERVE:

The Board of Directors of your company, has decided not to transfer any amount to the Reserves for the year under
review.

3. DIVIDEND:

The Board of Directors of your company, after considering holistically the relevant circumstances and keeping in
view financial position of the Company, has decided that it would be prudent, not to recommend any Dividend for
the year under review.

4. CORPORATE OVERVIEW AND THE STATE OF THE COMPANY'S AFFAIRS:

The Company is presently engaged in real estate business. The Company has substantial revenue from Rental of
Properties and Interest during the year. The company's total income of Rs. 1,08,38,088/- in current year as compare
to previous year Rs. 97,09,827/-. Profit after tax for the year ended was Rs. 40,77,194/- as compared to Rs.
36,86,045/- in the previous year.

5. CHANGES IN THE NATURE OF BUSINESS:

There is no change in nature of the business of the Company during the year under review.

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

There have been no material changes and commitments, which affect the financial position of the Company, that
have occurred between the end of the financial year to which the financial statements relate and the date of this
report.

7. SHARE CAPITAL:

The paid-up equity share capital of the company as at March 31, 2025 stood at Rs. 2,63,74,200/- (Rupees Two Crore
Sixty Three Lakh Seventy Four Thousand Two Hundred Only) divided into 26,37,420 (Twenty Six Lakh Thirty Seven
Thousand Four hundred Twenty) equity shares of Rs. 10/- (Rupees Ten) each.

During the year under review, the Company has not issued shares with differential voting rights nor has granted any
stock options or sweat equity. As on March 31, 2025, none of the Directors of the Company hold instruments
convertible into equity shares of the Company.

a) Buy Back of Securities:

The Company has not bought back any of its securities during the year under review.

b) Sweat Equity:

The Company has not issued any Sweat Equity Shares during the year under review.

c) Bonus Shares:

No Bonus Shares were issued during the year under review.

d) Employees Stock Option Plan:

The Company has not provided any Stock Option Scheme to the employees.

e) Issue of debentures, bonds or any non-convertible securities:

The Company has not issued debentures, bonds or any non-convertible securities during the year under review.

f) Issue of warrants:

The Company has not issued warrants during the year under review.

8. TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND:

Since there were no funds lying / remains unpaid or unclaimed for a period of seven years, the provisions of Section
125 (2) of the Companies Act, 2013 do not apply.

9. DETAIL OF DIRECTORS AND KEY MANAGERIAL PERSONNEL, WHO WERE APPOINTED AND RESIGNED DURING
THE YEAR:

The Board of Directors of your Company as on date of this report comprises of four directors, of which one (1) is an
Executive Director and Chief Financial Officer and Two (2) are Independent Directors. Rest of the One (1) director is
Non-Executive & Non-Independent Director.

In accordance with the provisions of Section 152 of Companies Act, 2013 Mr. Prakash Chandra Purohit, retires by
rotation and being eligible, offer his candidature for appointment as Director of the company at the ensuing Annual
General Meeting. The Board recommends his appointment.

Further, during the year under review and till the date of this report, there were following changes in composition
of Board of Directors and Key Managerial Personnel of the Company:

a. Mrs. Prabhjeet Kaur (DIN: 07136767) resigned from the office of the Independent Director of the Company
w.e.f. 20^th April, 2024 citing preoccupation and personal & unavoidable circumstances.

b. Based on the recommendation of Nomination and Remuneration Committee, Mr. Kapil Paliwal (DIN:
09841586) was appointed as an Additional Non - Executive Independent Director of the Company w.e.f.
09^th November, 2023. The Shareholders of the Company had approved the said appointment at their 39^th
Annual General Meeting held on 30^th September, 2024.

c. Based on the recommendation of Nomination and Remuneration Committee, Mrs. Jyotsana Vishnu Joshi
(DIN: 06947640) was appointed as an Additional Non - Executive Independent Director of the Company
w.e.f. 23^rd March, 2024. The Shareholders of the Company had approved the said appointment at their
39^th Annual General Meeting held on 30^th September, 2024.

Independent Director resigned during the year has confirmed that there are no reasons for her resignation other
than those provided in resignation letter. The Board places on record its sincere appreciation for her
contributions and extends gratitude to Mrs. Prabhjeet Kaur for her invaluable service as an Independent
Director on the Board.

Brief resume of directors seeking appointment / re-appointment along with other details as stipulated under
Secretarial Standard 2 and Regulation 36 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 ("Listing Regulations") is separately disclosed in the Notice and form an
integral part of this report.

Further, details of Key Managerial Personnel are as under:

10. DECLARATION BY INDEPENDENT DIRECTORS:

Pursuant to the provisions of Section 149 (6) of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, the Independent Directors of Company have given confirmation/ declaration to
the Board that they meet with the criteria of Independence and are Independent in terms of Section 149 (6) of the
Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

They have further confirmed that they are not aware of any circumstances or situations which exist or may be
reasonably anticipated that could impair or impact their ability to discharge their duties and that they are
independent of the management.

The Independent Directors have complied with the Code for Independent Directors prescribed in schedule IV to the
Companies Act, 2013 and also they have registered themselves with the Independent Director's Database
maintained by the Indian Institute of Corporate Affairs. Further, the Board has taken on record the said declarations
after undertaking due assessment of the veracity of the same.

11. A STATEMENT REGARDING OPINION OF THE BOARD WITH REGARD TO INTEGRITY, EXPERTISE AND
EXPERIENCE (INCLUDING THE PROFICIENCY) OF THE INDEPENDENT DIRECTORS APPOINTED DURING THE
YEAR:

The Board of Directors have taken on record the declarations and confirmations submitted by the Independent
Directors and is of the opinion that they are persons of integrity and possess relevant expertise and experience and
their association will be of immense benefit and in the best interest of the Company. With regard to proficiency of
the Independent Directors, ascertained from the online proficiency self-assessment test conducted by the Institute,
as notified under Section 150(1) of the Act, the Board of Directors have taken on record the information submitted
by Independent Directors that they have complied with the applicable laws.

12. FAMILIARISATION PROGRAMME FOR INDEPENDENT DIRECTORS:

As stipulated by Section 149 read with Schedule IV, Part III of the Companies Act, 2013 and SEBI Listing Regulations,
the Company familiarises its Independent Directors on their roles, rights, responsibilities, nature of the industry in
which the Company operates, business model of the Company, etc. They are proactively provided with relevant
news, views and updates on the Company. Further, all Independent Directors are taken through a detailed induction
and familiarization programme at the time of their appointment on the Board of the Company. All the
information/documents, if any sought by them are also shared with them for enabling a good understanding of the
Company.

13. MEETING OF INDEPENDENT DIRECTORS:

During the year under review, in accordance with the provisions of Schedule IV (Code of Independent Director) of
the Companies Act, 2013 and applicable provisions of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.

Independent Directors of the Company had a separate meeting on 30^th September, 2024 without the attendance of
Non-Independent Directors and members of the management, following matters were, inter alia, discussed in the
meeting:

• Review and evaluation of performance of the non-independent Director and the board as whole.

• Review and evaluation of the performance of the chairperson of the Company, taking into account views of the
Executive Director and Non-Executive Directors.

• Assess the quality, quantity and timeliness of the flow of the information between the Company management
and the board that is necessary for the board to effectively and reasonably perform the duties.

All Independent Directors of the Company were present at the said Meeting.

14. BOARD MEETINGS:

The Board meets at regular intervals to discuss and decide on Company / business policy and strategy apart from
other Board business. The Board / Committee Meetings are pre-scheduled and a tentative annual calendar of the
Board and Committee Meetings is circulated to the Directors in advance to facilitate them to plan their schedule and
to ensure meaningful participation in the Meetings.

Total Four (04) Board Meetings were held during the year under review after due compliance the provisions of
Section 173 of the Companies Act, 2013 and Regulation 17 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015. Further, details of attendance of Directors at the Board Meetings during the
financial year 2024-2025 and at the last Annual General Meeting held on September 30, 2024 are given below:

*Resigned w.e.f. 20^th April, 2024.

The attendance of the Directors in the 39^th Annual General Meeting of the Company is given below:

15. COMMITTEES OF THE BOARD:

Your Board informs that as per the requirement of applicable provision of the Companies Act, 2013 and Rules made
thereunder read with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Company have
Constituted following Committee(s) with the optimum combination of Directors:

1. Audit Committee

2. Nomination and Remuneration Committee

3. Stakeholders' Relationship Committee

1. Audit Committee:

Your Board informed that as per the requirement of applicable provision of the Companies Act, 2013 and Rules made
thereunder read with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Company have
Constituted Audit Committee with optimum combination of Directors as members following are the details of the
Audit Committee of the Company:

(A) Composition of the Committee:

At present, the Audit Committee compromises of the following:

During the year under review and till the date of the Report, following changes were made in the composition of the
Audit Committee:

• Mrs. Prabhjeet Kaur ceased to be member of the Committee w.e.f. 20^th April, 2024 due to her resignation from
the office of an Independent Director of the Company.

• Mr. Kapil Paliwal was appointed as Chairperson of the Committee w.e.f. 13^th November, 2024 in place of Mrs.
Jyotsana Vishnu Joshi.

(B) Particulars of the meetings and attendance of the members during the year are as follows:

Total Four (04) Audit Committee Meetings were held during the year under reviews and the gap between two
meetings did not exceed one hundred and twenty days. The necessary quorum was present in all the meetings.

Disclosure as required by Secretarial Standard 1 (SS-1) related to dates of Meetings held during the financial year
and number of Meetings attended by each Director are given below:

Further, the Company Secretary and Compliance Officer of the Company attends the Audit Committee meetings and
act as the secretary to the Committee and advices on compliances with applicable laws and governance.

2. Nomination and Remuneration Committee:

The nomination and remuneration committee of the Company is constituted in line with the provisions of Section
178 of the Companies Act, 2013 read with applicable Regulations of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 read with Section 178 of the Companies Act, 2013.

(A) Composition of the Committee:

At present, the Nomination and Remuneration Committee compromises of the following:

During the year under review and till the date of the Report, following changes were made in the composition of the
Nomination and Remuneration Committee:

• Mrs. Prabhjeet Kaur ceased to be Member of the Committee w.e.f. 20^th April, 2024 due to her resignation from
the office of Director of the Company.

(B) Particulars of the meetings and attendance of the members during the year are as follows:

Total One (01) Nomination and Remuneration Committee Meetings was held during the year. Disclosure as required
by secretarial standard 1 (SS-1) related to dates of Meetings held during the financial year and number of Meetings
attended by each Director are given below:

Further, the Company Secretary and Compliance Officer of the Company attends the Nomination and Remuneration
Committee meetings and acts as the secretary to the Committee and advices on compliances with applicable laws
and governance.

3. Stakeholders Relationship Committee:

In compliance with the provisions of Section 178 of the Companies Act, 2013 & Regulation 20 of the listing
regulations, the Board has constituted the Stakeholders Relationship Committee. The Stakeholders Relationship
Committee considers and resolves the grievances of the security holders of the Company including but not limited
to complaints related to transfer of shares non-receipt of annual report and non-receipts of dividend, if any.

(A) Composition of the Committee:

At present, the Nomination and Remuneration Committee compromises of the following:

During the year under review and till the date of the Report, following changes were made in the composition of the
Stakeholders Relationship Committee:

• Mrs. Prabhjeet Kaur ceased to be Member of the Committee w.e.f. 20^th April, 2024 due to her resignation from
the office of Director of the Company.

(B) Particulars of the Meetings and Attendance of the Members during the Year are as Follows:

Total One (01) Stakeholders Relationship Committee Meetings were held during the year. Disclosure as required by
secretarial standard 1 (SS-1) related to dates of Meetings held during the financial year and number of Meetings
attended by each Director are given below:

The Company has a designated e-mail id cs.asiapack@mirajgroup.in for the purpose of registering complaints by
shareholders/ investors/ security holders electronically.

16. BOARD EVALUATION:

Pursuant to the provisions of the Companies Act, 2013 and the SEBI Listing Regulations, the Board has carried out
an annual evaluation of its own performance, performance of its directors individually and the committees of the
Board and the same is reviewed by the Nomination and Remuneration Committee.

Evaluation:

The Board evaluated the effectiveness of its functioning, of the Committees and of individual Directors, pursuant to
the provisions of the Act and the SEBI Listing Regulations.

The Board sought the feedback of Directors on various parameters including:

• Degree of fulfillment of key responsibilities towards stakeholders (by way of monitoring corporate governance
practices, participation in the long-term strategic planning, etc.);

• Governance and compliance;

• Structure, composition and role clarity of the Board and Committees;

• Independence of the Committee from the Board and contributions to decisions of the Board;

• Extent of co-ordination and cohesiveness between the Board and its Committees;

• Effectiveness of the deliberations and process management;

• Board / Committee culture and dynamics;

• Quality of relationship between Board Members and the Management;

• Receipt of regular inputs and information;

• Conduct as per Group's values & beliefs;

• Preparation & contribution at Board meetings;

• Grievance Redressal for Investors;

• Leadership and Initiative, etc.

The above criteria are broadly based on the Guidance Note on Board Evaluation issued by the Securities and
Exchange Board of India on January 5, 2017.

In a separate meeting of the Independent Directors, the performance of the Non-Independent Directors, the Board
as a whole and Chairman of the Company were evaluated taking into account the views of Executive Directors and
other Non-Executive Directors. Performance evaluation of Independent Directors was done by the entire Board,
excluding the Independent Director being evaluated.

17. DIRECTORS' RESPONSIBILITY STATEMENT:

To the best of knowledge and belief and according to the information and explanations obtained, your Directors
make the following statement in terms of Section 134 (3) (c) of the Companies Act, 2013.

Your Directors confirm that:

a. In the preparation of the annual accounts for the year ended March 31, 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, 2025 and of the profit / 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 this Act for safeguarding the assets of the company and for preventing and
detecting fraud and other irregularities;

d. The directors have prepared the annual accounts on a going concern basis;

e. The Company had laid down internal financial controls to be followed by the Company and that such internal
financial controls are adequate and operating efficiently.

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

18. MANAGEMENT'S DISCUSSION AND ANALYSIS REPORT:

Management's Discussion and Analysis Report for the year under review, as stipulated under the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, is presented in a
separate section, forming part of the Annual Report as Annexure-1.

19. CORPORATE GOVERNANCE:

Your Company is committed to maintain the highest standards of Corporate Governance and adheres to the

Corporate Governance requirements set out by the Securities and Exchange Board of India ("SEBI"). The Company
has also implemented several best governance practices.

As per Regulation 15(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the compliance with the Corporate Governance provisions specified in Regulations 17, 17A, 18,

19. 20, 21, 22, 23, 24, 24A, 25, 26, 26A, 27 and clauses (b) to (i) and (t) of sub-regulation (2) of Regulation 46 and
Para C, D and E of Schedule V shall not apply, in respect of:

a. 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.

b. listed entity which has listed its specified securities on the SME Exchange.

In this connection, we wish to submit that Asia Pack Limited ("the Company") falls in the ambit of exemption
provided in aforesaid clause (a); hence compliance with the Corporate Governance provisions specified in aforesaid
Regulations shall not be applicable to the Company. Therefore the Corporate Governance Report is not forming part
of the Board Report. Further, in line with the same the Company files time to time Corporate Governance Non¬
applicability Certificate in the format specified by SEBI from time to time with the BSE.

20. INTERNAL FINANCIAL CONTROL AND ITS ADEQUACY:

The Board has adopted policies and procedures for ensuring the orderly and efficient conduct of its business,
including the adherence to the Company's policies, the safeguarding of its assets, the prevention and detection of
frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable
financial disclosures. The audit committee of the Board of Directors and the internal auditors reviews the adequacy
and effectiveness of the internal control system and suggest the improvements to strengthen the same. During the
period under review, such controls were tested and no reportable weakness in their working has been discovered.

For Report on the Internal Financial Controls under clause (i) of sub-section 3 of Section 143 of the Company Act,
2013, members may refer to Annexure B to the Independent Auditor's Report, on the financial statements of the
Company which forms part of this Annual Report.

21. DETAILS OF FRAUD REPORT BY AUDITOR:

During the financial year 2024-25, the Auditors has 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) (ca) of the Act

22. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES:

The Company does not have any subsidiary, joint venture or associate company as on 31^st March, 2024. Further no
company become or ceased as subsidiary, joint ventures or associate company during the year under review.

23. DEPOSITS:

During the year under review, your Company has not accepted any deposits within the meaning of Section 73 of the
Companies Act, 2013 read with rules made there under and as such, no amount on account of principal or interest
on deposits was outstanding as on the date of the balance sheet.

24. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS BY COMPANY:

During the year under review the Company has extended / continue to provide existing Corporate Guarantee(s) of
an aggregate amount of Rs. 7.14 Crores to Saraswat Co-Operative Bank Limited to also secure the additional credit
facilities obtained / availed by Miraj Entertainment Limited, a promoter group Company as per SEBI (Listing
Obligations and Disclosure Requirements) 2015. Further, details of loans, guarantees and investments, if any,
covered under the provisions of section 186 of the Companies Act, 2013 form part of the notes to Financial
Statements provided in this Annual Report.

25. PARTICULARS OF CONTRACTS OR ARRANGEMENT WITH RELATED PARTIES:

All the transactions / contracts / arrangements of the nature as specified in Section 188(1) of the Companies Act,
2013 entered by the Company during the year under review with related party (ies) are in the ordinary course of
business and on arm's length basis.

In view of the above, the requirement of giving particulars of contracts / arrangements / transactions made with
related parties, in Form AOC-2 are not applicable for the year under review. Transactions with Related Parties are
disclosed in the notes to accounts annexed to the financial statements.

26. NOMINATION AND REMUNERATION POLICY:

Pursuant to the provisions of Section 178 of the Companies Act 2013 and Regulation 19 of the SEBI (LODR) 2015,
Nomination and Remuneration Committee has formulated, and the Board has adopted the Company's Nomination
and Remuneration Policy which lays down a framework in relation to appointment and remuneration of Directors,
Key Managerial Personnel, Senior Management and other employees of the Company ("Policy"). The Policy broadly
lays down the guiding principles, philosophy and the basis for payment of remuneration to Executive and Non¬
executive Directors (by way of sitting fees and commission if any), Key Managerial Personnel, Senior Management
and other employees. The Policy also provides for the Board Diversity, the criteria for determining qualifications,
positive attributes and independence of Director and criteria for appointment of Key Managerial Personnel/Senior
Management and performance evaluation which are considered by the Nomination and Remuneration Committee
and the Board of Directors whilst taking a decision on the potential candidates. The policy is available on the website
of the Company at http://www.asiapackltd.com/Index/InvestorsView/13.

27. DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL
RESPONSIBILITY INITIATIVES:

The Company has not developed and implemented any Corporate Social Responsibility initiatives as the provisions
of section 135 (1) of the Companies Act, 2013, are not applicable to the Company.

28. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE AND OUTGO:

The details of conservation of energy, technology absorption, foreign exchange earnings and outgo are as follows:

(a) Conservation of energy:

(b) Technology absorption:

(c) Foreign exchange earnings and Outgo:

During the year, there was no foreign exchange outgo (actual outflows) and foreign exchange earned (actual
inflows).

29. RISK MANAGEMENT POLICY:

In pursuant to provision of Regulation 15 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, Regulation 21 (5) is not applicable to our company; however, the
Company has its own procedure for identifying the various business risks and seeks to create transparency, minimize
adverse impact on the business objectives and enhance the Company's competitive advantage. The risk
management system defines the risk management approach across the enterprise at various levels including
documentation and reporting.

30. VIGIL MECHANISM / WHISTLE BLOWER POLICY:

The Company has established a robust Vigil Mechanism and adopted a Whistle Blower Policy to provide a formal
mechanism to the Directors and employees to report their concerns about unethical behavior, actual or suspected
fraud, or violation of the Company's Code of Conduct. The Policy provides for systematic mechanism to report the
concerns and adequate safeguards against the victimization of employees and Directors, if any who avail the
mechanism and also provides for direct access to the Chairman of the Audit Committee. The policy of the vigil
mechanism is available on the Company's website at http://www.asiapackltd.com/Index/InvestorsView/13.

Audit Committee of your Company oversee the vigil mechanism, further during the year under review, no whistle
blower event was reported and mechanism is functioning well further no personnel have been denied access to the
Audit Committee.

31. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS:

There are no significant and material orders passed by the Regulators/Courts/ Tribunals that would impact the going
concern status of the Company and its future operations.

32. AUDITORS:

STATUTORY AUDITORS:

The Members of the Company at their 37^th Annual General Meeting of the Company held on 27^th September,
2022 approved the appointment of M/s. Rakesh Ajmera & Associates, Chartered Accountants, [Firm Registration
No. 013433C] as the Statutory Auditors of the Company for a period of five years from the conclusion of 37^th
Annual General Meeting till the conclusion of 42^nd Annual General Meeting. The Report given by M/s. Rakesh
Ajmera & Associates, Chartered Accountants, [Firm Registration No. 013433C], on the financial statement of the
Company for the financial year 2024-25 is forming part of the Annual Report.

SECRETARIAL AUDITOR:

In terms of Section 204 of the Companies Act, 2013, the Board of Directors of the Company has appointed Mr.
B. L. Harawat, Proprietor of M/s. B. L. Harawat & Associates, Practicing Company Secretary, (CoP No. 3326) as
the Secretarial Auditor for the Financial Year 2024-25, for auditing the secretarial and related records of the
Company. The Secretarial Audit Report is enclosed herewith as Annexure 2 to this Board's Report.

Pursuant to provisions of Regulations 24A of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) 2015 and the provisions of Section 204 and other applicable provisions, if any, of the
Companies Act, 2013 and Rules framed thereunder, Your directors, based on the recommendation of the Audit
Committee propose to appoint Mr. B. L. Harawat, Proprietor of M/s. B. L. Harawat & Associates, Practicing
Company Secretary, (C.P. No. 3326; Peer Review Certificate No. 2297/2022) as Secretarial Auditor of the
Company to conduct secretarial audit of the Company for a term of five (05) consecutive years with effect from
April 01, 2025 until March 31, 2030.

Further, the Auditor have confirmed that he is peer reviewed company secretary and hold a valid certificate of
peer review issued by the Institute of Company Secretaries of India. They have also confirmed that they are not
disqualified and are eligible for the said appointment.

The proposal for the appointment of the Secretarial Auditor is included as a resolution no. 3 in the Notice
convening the ensuing Annual General Meeting and forms an integral part of the said Notice for the
consideration and approval of the members.

INTERNAL AUDITOR:

During the year under review, on the basis of recommendation of the Audit Committee the Mr. Niilesh Kumar
Jain, (M. No.: 413903), Proprietor of M/s Jain Nilesh and Company was appointed as an Internal Auditor of the
Company to carry out the internal audit of the Company for the Financial year 2024-2025. Further, on
completion of their term, the Board of Directors based on the recommendation of the Audit Committee
appointed M/s Parikh Shah & Associates, Chartered Accountants (Firm's registration number: 123999W), as an
Internal Auditor of the Company for the Financial Year 2025-2026.

COST AUDITOR:

No Cost Auditor was appointed during the financial year as there is no statutory requirement imposed for
mandatorily according to the size and nature of the business.

33. EXPLANATION OR COMMENTS ON QUALIFICATIONS, RESERVATIONS OR ADVERSE REMARKS OR
DISCLAIMERS MADE BY THE AUDITORS AND THE PRACTICING COMPANY SECRETARY IN THEIR REPORTS:

The Auditors' Report does not contain any qualification, reservation or adverse remark. The Report is enclosed with
the financial statements in this Annual Report. The Secretarial Auditors' Report does not contain any qualification,
reservation or adverse remark. The Secretarial Auditors' Report is enclosed as Annexure-2 to the Board's report in
this Annual Report.

34. COMPLIANCE WITH SECRETARIAL STANDARD:

During the year under review, in terms of Section 118(10) of the Companies Act, 2013, the Company has complied
with the provisions of the applicable Secretarial Standards issued by Institute of Companies Secretaries of India. The
Directors have devised proper systems to ensure compliance with the provisions of all applicable Secretarial
Standards and that such systems are adequate and operating effectively.

35. EXTRACT OF ANNUAL RETURN / WEB LINK / WEB ADDRESS OF ANNUAL RETURN:

The Annual Return of the Company as on March 31, 2025 as provided under section 92(3) of the Companies Act,
2013 and as prescribed in Form No. MGT-7 of the Companies (Management and Administration Rules) 2014 is
available on the Company's website and can be accessed at http://www.asiapackltd.com/Index/InvestorsView/22.

36. COST RECORD:

The provision of Cost audit as per section 148 the Companies Act, 2013 doesn't applicable on the Company.

37. DISCLOSURE AS PER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION
AND REDRESSAL) ACT, 2013:

The Company has zero tolerance towards sexual harassment at the workplace and has adopted a policy on
prevention, prohibition and redressal of sexual harassment at workplace in line with the provisions of the Sexual
Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Rules thereunder.
This policy applies to all employees of the Company, including permanent, contractual, temporary, and trainees.

The requirement of constitution of Internal Complaints Committee under the Sexual Harassment of Women at the
Workplace (Prevention, Prohibition and Redressal) Act, 2013 is not applicable to the Company, though the Company
has complied with the provisions of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition
and Redressal) Act, 2013, to the extent applicable.

The following is a summary of sexual harassment complaints received and disposed off during the year 2024-25:

> Number of complaints of sexual harassment received in the year: Nil

> Number of complaints disposed off during the year: Nil

> Number of cases pending for more than ninety days: Nil

The Company remains committed to maintaining a workplace free from sexual harassment and ensuring that any
complaints, if received, are addressed promptly and with due diligence.

38. COMPLIANCE WITH THE MATERNITY BENEFIT ACT, 1961:

The Company is committed to maintaining a safe, inclusive, and supportive work environment for all employees,
with particular attention to the well-being of women in the workplace. In line with this commitment, the Company
recognizes the importance of the Maternity Benefit Act, 1961, which aims to safeguard the rights and welfare of
women employees during maternity. However, during the financial year under review, there were no women
employees on the rolls of the Company. Accordingly, the provisions of the Maternity Benefit Act, 1961 were not
applicable to the Company for the said period. The Company remains fully prepared to comply with all applicable
provisions of the Act as and when the circumstances require.

39. PARTICULARS OF EMPLOYEES:

The statement containing particulars of employees required under Section 197(12) of the Companies Act, 2013, read
with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is provided in
a separate exhibit forming part of this report as per Section 197 read with Rule 5 of The Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, are set out in Annexure-3 attached thereto.

40. BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT:

During the year under review, the Business Responsibility Report is not applicable on your Company for the Financial
year ended 2025.

41. DISCLOSURE OF CERTAIN TYPES OF AGREEMENTS BINDING ON THE LISTED ENTITIES:

The Company ensures timely disclosure of all information required to be disclosed as per the provisions of the Listing
Regulations. During the Financial Year 2022-2023, a Corporate Guarantee(s) of an aggregate amount of Rs. 7.14
Crores was provided to Saraswat Co-Operative Bank Limited to secure the credit facilities obtained / availed by Miraj
Entertainment Limited, a promoter group Company and the same was reported to Stock Exchange as per SEBI (Listing
Obligations and Disclosure Requirements) 2015. Further during the year under review, the said Corporate Guarantee
was extended / continue to provide by the Company to secure the additional credit facilities obtained / availed by
Miraj Entertainment Limited and was reported to Stock Exchange as per SEBI (Listing Obligations and Disclosure
Requirements) 2015.

42. 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:

No application has been made under the Insolvency and Bankruptcy Code; hence the requirement to disclose 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 is not applicable.

43. OTHER DISCLOSURES:

i. The requirement to disclose the details of difference between amount of the valuation done at the time of
onetime settlement and the valuation done while taking loan from the Banks or Financial Institutions along
with the reasons thereof, is not applicable.

ii. The Company has not made any provisions of money or has not provided any loan to its employees for
purchase of shares of the Company or its holding Company, pursuant to the provisions of Section 67 of
Companies Act, 2013 and Rules made thereunder.

iii. There was no occasion where the Board has not accepted any recommendation of the Audit Committee.

44. ACKNOWLEDGEMENT:

The Board of Directors wish to place on record its deep sense of appreciation for the committed services by all the
employees of the Company. The Board of Directors would also like to express their sincere appreciation for the
assistance and co-operation received from the financial institutions, banks, government and regulatory authorities,
stock exchanges, customers, vendors, members and debenture holders during the year under review.

For and on behalf of Board of Directors
For Asia Pack Limited

Sd/- Sd/-

Name: Prakash Chandra Purohit Name: Pushpendra Jain

Designation: Director Designation: Director & CFO

DIN :01383197 DIN :03228950

Address: Village-Uper Ki Oden, Teh- Address: 8-9, Pragati Nagar,

Date: 14^th August, 2025 Nathdwara, Rajsamand, Rajasthan, Shobhagpura, Udaipur, Rajasthan,

Place: Nathdwara India , PIN-313301 India, PIN-313011