PB Global Ltd. के निदेशक की रिपोर्ट

Mar 31, 2024

Your Directors have pleasure in presenting their 64^th Annual Report on the business and operations of your Company
together with the Audited Accounts for the Financial Year ended 31^st March, 2024.

1. FINANCIAL AND OPERATIONAL RESULTS

A. Financial results (Standalone)

Financial and Operational Results of the Company for the Financial Year ended 31st March, 2024 as
compared to the previous financial year, is summarized as herein below:

Rs. in Lacs

Particulars	31.03.2024	31.03.2023
Gross sales/operations	3192.53	16431.06
Expenditure (Excluding depreciation)	3428.92	9103.34
Depreciation	14.29	16.07
Total Expenditure	3443.21	9119.41
Profit Before Tax (PBT)	-250.68	7311.65
Provision for tax including	0.00	388.03
Deferred Tax	0.00	0.49
Net Profit After Tax (PAT)	-250.68	6923.13

B. Financial results (Consolidated)

Financial and Operational Results of the Company for the Financial Year ended 31st March, 2024 as
compared to the previous financial year, is summarized as herein below:

Rs. in Lacs

Particulars	31.03.2024	31.03.2023
Gross sales/operations	5088.46	18162.58
Expenditure (Excluding depreciation)	5310.18	10770.55
Depreciation	25.24	77.17
Total Expenditure	5335.42	10847.72
Profit Before Tax (PBT)	-246.96	7314.86
Provision for tax including	0.00	388.03
Deferred Tax	0.00	0.50
Net Profit After Tax (PAT)	-249.96	6926.32

2. REPORT ON PERFORMANCE OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE
COMPANIES:

There are 2 subsidiaries - Techstar India Ltd (India), LARambla Lifestyle Private Limited (India) during F.Y. 2023¬
24, wherein the Company holds 100% of the paid up equity share capital. The Report on the performance and
Statement containing salient feature of Financial Statement of aforesaid subsidiary company is separately
attached with this Annual Report in Form No. AOC-1. In accordance with Section 136 of Companies Act, 2013
the Financial Statements of the Company including the Consolidated Financial Statements related to its

subsidiary entity are availableat Company''s website (www.pbltd.in)

3. DIVIDEND

The Company is focusing on growth and expansion. Hence, your Directors do not recommend dividend for the
year under review.

4. SHARE CAPITAL

There are no changes in the Share Capital of the Company during the financial year.

5. TRASNFER TO RESERVES

The Company has transferred losses to Reserves in Financial year 2023-24.

6. DEPOSITS

Your Company has not accepted any deposits from the public falling within the ambit of Section 73 and 74 of
the Companies Act, 2013 read together with the Companies (Acceptance of Deposits) Rules, 2014.

7. PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS

The particulars of loans, guarantees and investments have been disclosed in the Financial Statement.

8. MATERIAL CHANGES AND COMMITMENT AFFECTING THE FINANCIAL POSITION OF THE COMPANY

There have been no material changes and commitments affecting the financial position of the Company which
have occurred between 31st March, 2024 and the date of this report other than those disclosed in this report.

9. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTSOR TRIBUNALS

There are no significant material orders passed by the Regulators or Courts or Tribunal which would impact
the going concern status of your Company and its future operations

10. DETAILS OF REMUNERATION TO DIRECTORS

Disclosure with respect to the remuneration of Directors and employees as required under Section 197 of the
Companies Act and Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel)
Amendment Rules, 2016 has been appended as ANNEXURE - I

11. EXTRACT OF ANNUAL RETURN

Pursuant to the requirements under Section 92(3) and Section 134(3) of the Act read with Rule 12 of Companies
(Management and Administration) Rules, 2014, an extract of Annual Return in prescribed Form MGT-9 is given in
the Report as ANNEXURE - II and also provided on the website of the Company www.pbltd.in

12. AUDITORS
Statutory Auditors

Pursuant to the provisions of Section 139 and other applicable provisions, if any, of the Companies Act, 2013 and
the Rules framed there under, M/s. Jain Vinay & Associates, Chartered Accountants (Firm Registration No.
006649W), be and are hereby appointed as Statutory Auditors of the Company, to hold office from the conclusion
of this Annual General Meeting until the conclusion of the Annual General Meeting of the Company to be held in
the year 2025.

Further as required under Regulation 33(d) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 the Auditor have confirmed that they hold a valid certificate issued by the Peer Review Board
of the Institute of Chartered Accountants of India.

13. SECRETARIAL AUDITOR

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, the Board of Directors had appointed M/s. SARK &
Associates LLP, Company Secretaries in Practice to undertake the Secretarial Audit of the Company for the
financial year 2024-25.

The Report of the Secretarial Auditor is annexed herewith as ANNEXURE III and forms an integral part of this
Report.

14. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

The particulars of contracts or arrangements with related parties referred to in Section 188(1), as prescribed in
Form AOC - 2 are appended as ANNEXURE IV.

15. BOARD OF DIRECTORS

The Board of Directors of the Company is duly constituted as per the provisions of the Companies Act, 2013 &
applicable provisions, rules & regulations of SEBI (LODR) Regulations, 2015, during the year 2024-25.

16. DECLARATIONS GIVEN BY INDEPENDENT DIRECTORS

All Independent Directors have submitted the declaration of Independence as required under Section 149(7)
of the Companies Act, 2013 confirming that they meet the criteria of independence as laid down under
Section149(6) of the Companies Act, 2013 and Regulation 16 (1) (b) of the SEBI (LODR) Regulations, 2015.

17. ADEQUACY OF INTERNAL FINANCIAL CONTROL WITH REFERENCE TO THE FINANCIAL STATEMENTS

The Company has an Internal Financial Control System commensurate with the size, scale and complexity of
its operations. Your Company has in place a mechanism to identify, assess, monitor and mitigate various
risks to key business objectives. Major risks identified by the businesses and functions are systematically
addressed through mitigating action on continuing basis. The Internal Financial Control System has been
routinely tested and certified by Statutory as well as Internal Auditors. Significant Audit observations and
follow up actions thereon are reported to the Audit Committee.

18. POLICIES ON DIRECTOR''S APPOINTMENT AND REMUNERATION

The policies of the Company on Directors'' appointment and remuneration including criteria for determining
qualifications, positive attributes, independence of a Director and other matters provided under sub-section
(3) of Section 178 of the Act forms part of Corporate Governance Report. Gist of this policy is given in
ANNEXURE - V to this report. The detailed policy is available on the Company''s website www.pbltd.in.

19. EVALUATION OF BOARD OF DIRECTORS

Pursuant to the provisions of the Companies Act, 2013 read with rules issued thereunder, Regulation 17(10) of
the Listing Regulations and guidance note issued by SEBI, the Independent Directors of the Board carried
out the annual evaluation of the performance of the Board as a whole, the Directors individually as well as
of various Committees of the Board. The performance evaluation of the Independent Directors was carried
out by the Nomination and Remuneration Committeeand noted in turn by the Board.

20. BOARD COMMITTEES

Your Company has following Committees of Board,viz,

1. Audit Committee

2. Stakeholders'' Relationship Committee

3. Nomination and Remuneration Committee

Details of all the Committees along with their composition, terms of reference and meetings held during the
year are provided in Report on Corporate Governance'' forming part of the Annual Report.

21. DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant to the requirements under Section 134(3)(c) read with Section 134(5) of the Act with respect to
Directors'' Responsibility Statement, your Directorshereby confirm that:

• in the preparation of the annual accounts, the applicable accounting standards have been followed;

• appropriate accounting policies have been selected and applied consistently and estimates and judgments
made are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company
at the end of the financial year and of the loss of the Company for that period;

• proper and sufficient care for maintenance of adequate accounting records in accordance with the provisions
of Act have been taken for safeguarding the assets of the Company and for preventing and detecting frauds
and other irregularities;

• the annual accounts have been prepared on a going concern basis; and

• proper systems have been devised to ensure compliance with the provisions of all applicable laws and
that such systems were adequate and operating effectively.

22. RISK MANAGEMENT AND INTERNAL CONTROLS

The Company has a well-defined risk management framework in place. The details of the risks faced by the
Company and the mitigation thereof are discussed in detail in the Management Discussion and Analysis
report that forms part of the Annual Report.

23. REPORTS ON CORPORATE GOVERNANCE AND MANAGEMENT DISCUSSION & ANALYSIS

The reports on Corporate Governance and Management Discussion and Analysis for the year under review,
as stipulated under regulation 34 of the SEBI (LODR) Regulations, 2015 forms part of the Annual Report. The
certificate from the Auditors of the Company confirming compliance with the conditions of Corporate
Governance is annexed to the Corporate Governance Report.

24. BOARD MEETINGS

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

During the financial year 2023-24, 6 (Six) boardmeetings were held on 30.05.2023, 07.06.2023, 14.08.2023,
07.09.2023, 14.11.2023 and 14.02.2024. The gap between the two board meetings did not exceed 120 days.

25. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND
OUTGO

The details relating to nature of activities which are being carried on by the Company, the particulars as
prescribed under Section 134(3)(m) of the Act read with Companies'' (Accounts) Rules, 2014 regarding
Conservation of Energy and Technology Absorption, and research and development are as follows: N.A

26. RESEARCH & DEVELOPMENT

During the year the Company has not conducted any Research & Development activity.

27. TECHNOLOGY ABSORPTION, ADAPTATIONAND INNOVATION

Efforts are being made towards Technology adaption and innovation. The Company at present does not
have any formal technical collaboration.

28. FOREIGN EXCHANGE EARNINGS AND OUTGO

Particulars	2023-24	2022-23
Foreign Exchange Earnings	NIL	NIL
Foreign Exchange Outgoings	NIL	NIL

29. LISTING OF SHARES OF THE COMPANY

The Equity Shares of your Company continue to remain listed on Bombay Stock Exchange Ltd.

30. VIGIL MECHANISM/ WHISTLE BLOWER POLICY:

The Company has established a vigil mechanism to provide appropriate avenues to the Directors and
employees to bring to the attention of the Management, the concerns about behavior of employees that
raise concerns including fraud by using the mechanism provided in the Whistle Blower Policy. The details of
the said Policy are included in the Report on Corporate Governance which forms part of the Annual Report.
During the financial year 2023-24, no cases under this mechanism were reported in the Company and any of
its subsidiaries/ associates.

31. DISCLOSURE UNDER THE SEXUAL HARASSMENT POLICY

Constitution of POSH Committee:

#	Post of Committee Member	EmployeeName	Designation	Email
1	Presiding officer	Riddhi Mehta	Director	[email protected]
2	Member	Prerna Pdenekar	HR Asst	hr@ pbltd.in
3	External Member	Yashashree Ukidave	Outsider	[email protected]

The following is summary of sexual harassment complaints received and disposed off during the calendar
year:

No. of Complaints received	Nil
No. of Complaints disposed off	Nil

32. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Further, a separate Management Discussion and Analysis Report covering a wide range of issues relating to
Industry Trends, Company Performance, SWOT analysis, Corporate Process, Business Outlook among others
is annexed to this Report.

33. ACKNOWLEDGEMENTS

The Directors express their sincere gratitude to the BSE Limited, Ministry of Finance, Ministry of Corporate
Affairs, Registrar of Companies, National Securities Depository Limited, other government and regulatory
authorities, financial institutions and the bankers of the company for their ongoing support. The Directors also
place on record their sincere appreciation for the continued support extended by the Company''s.

34. HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

The Company has in place an Anti-Sexual Harassment Policy in line with the requirements of the Sexual
Harassment of Women at the workplace (Prevention, Prohibition and Redressal) Act, 2013. Complaint
Redressal Committee has been set up to redress complaints received regarding sexual harassment. All
employees (permanent, contractual, temporary, trainees) are covered under this policy. The policy is
available on the Company''s website www.pbltd.in. stakeholders and trust reposed by them in the
Company.

The Directors sincerely appreciate the commitment displayed by the employees of the Company
resulting in satisfactory performance during the year.

By Order of the Board
Sd/-

Parimal Mehta

Director

(DIN 03514645)

Date: 05.09.2024

(CIN: L99999 MH1960PLC011864)

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Mar 31, 2012

The Director has pleasure in presenting the 52th Annual Report and Audited Account for the Year ended 31st March, 2012.

1. FINANCIAL RESULTS Rs-In Lacs

Particular Year ended Year ended

31st March, 2012 31st March, 2011

Gross Income 7579.72 7460.71

Profit/ Loss before interest, Pep. & Tax 26.36 14.52

Interest 3.23 .80

Depreciation 9.73 4.66

Provision for Taxation .87 1.18

Net Profit/ (Loss) 12.53 7.90

Balance brought forward 8.72 .82

Balance carried to Balance Sheet 21.25 8.72

1. OPERATONS: The company activity were local trading and import of chemicals. During the year under review it has register the growth of 2% as compared to last yr's sales. Due to stiff competition and profitability of your company has been severely effected. The directors hope to achieve better results during the current year.

2. DIVIDEND: Your directors don't recommend any dividend during the year under review.

3. Board of Directors: Shri Omprakash Berlia, Shri Samovar Vyas & Miss Annie Fernandez; retires at the ensuring Annual General Meeting and being eligible offered themselves for re-appointment You arc requested to consider there reappointment

4. Fixed Deposits: Your Company has not accepted any Fixed Deposits within die meaning of Section 58A of the Companies Act, 1956 and rules made there under during the year under review from public.

5. Audi tors: M/s. M.A. Parikh & Co. Chartered Accountants, The Auditors of the company retire at the ensuring Annual General Meeting and being eligible offer themselves for re-appointment The said Auditors have furnished a certificate that if re-appointment shall be within the limits prescribed under section 224 (IB) of the companies Act, 1956. Members are requested to consider their appointment and to fix their remuneration.

6. STATUTORY DISCLOSURE: Information required to be given under section 217 (1) (e) of the companies Act, 1956 read with the companies. ( Disclosure of Particulars in the report of the Board of Directors) A rule, 1988 does not apply to your company as the company is not engaged in manufacturing activities. There was no foreign exchange earning or outgo during the year.

i) During the year under review there was no foreign exchange earning or outgo.

ii) In the preparation of the annual accounts, the applicable accounting standards have been followed;

iii) Standard accounting policies have been consistently applied in consultation with the auditors.

iv) The directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the companies Act, 1956 for safeguarding the assets of this company and for preventing and detecting fraud and other regulation.

v) These accounts have been prepared on an ongoing concern basis.

7. Foreign Exchanges: There was no foreign exchange earning during the year but, company imported goods worth CIF value of Rs. 12,521,864/- during the year ending 31 -March 2012 for trading purpose

8. Directors Responsibility Statement: Pursuant to the requirement under section 217 (2AA)ofthe Companies Act, 1956 the Directors state that: In the preparation of Annual accounts for the financial year ended 31* March 2012 the applicable accounting standard have been followed along with proper explanation relating to material departures.

The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31“ March 2012 and of the profit and loss account of die Company under review.

The Directors have taken proper and sufficient care for the maintenance of adequate Accounting records in accordance with

the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities. The Annual Accounts have been prepared on a going concern basis.

9. Particulars of Employees: As there are no employees in receipt of Remuneration of Rs 24,00,000 or more for the year or Rs. 2,00,000/- per month if employed for part of the year, the statement made under Section 217 (AA) is not applicable.

10. APPRECIATION: The Board wishes to express their sincere appreciation to all the staff members for their efforts and contribution made to the progress of die company and to the Bankers, Shareholder, Customers and Suppliers for their sustained support

On Behalf of the board of directors FOR PESTICIDES & BREWERS LIMITED

Place: Mumbai OMPRAKASH G. BERLIA

Date: 25/8/ 2012 MANAGING DIRECTOR

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Mar 31, 2011

Dear Members,

The Director has pleasure in presenting the 51st Annual Report and Audited Account for the Year ended 31st March, 2011.

1. FINANCIAL RESULTS: Rs. In Lacs

Particular Year ended Year ended 31st March, 31st March, 2011 2010

Gross Income 7460.71 2246.06

Profit/ Loss before interest, Pep. & Tax 14.52 24.47

Interest .80 .35

Depreciation 4.66 251

Provision for Taxation 1.18 627

Net Profit/(Loss) 7.90 1536

Balance brought forward .82 (1454)

Balance carried to Balance Sheet 8.72 .82

1. OPERATONS: The company activity were local trading and any import of chemicals. During the year under review it has register the growth of 232% as compared to last yr's sales. Due to stiff competition and sluggishness profitability of your company has been severely effected. The directors hope to achieve better results during the current year.

2. DIVIDEND: Your directors don't recommend any dividend during the year under review.

3. Board of Directors: Shri Biswanth Jhunjhunwala & Rajan Agarwal; retires at the ensuring Annual General Meeting and being eligible offered themselves for re-appointment. You arc requested to consider there reappointment.

4. Appointment of New Director's: Company has appointed three new director's new director for the present and future they are Mr. Arun Todin an expert in Textile Industry, Mr. Pratik Didwania an expert in Import and Export of Commodities & Mr. Pramial Merita an expert in Marketing. Members have to approve rite directorship in the fourth coming Annual General Meeting.

5. Fixed Deposits: Your Company has not accepted any Fixed Deposits within the meaning of Section 58A of the Companies Act, 1956 and rules made there under during the year under review from public.

6. Auditors: M/s. M.A. Parikh & Co. Chartered Accountants, The Auditors of the company retire at the ensuring Annual General Meeting and being eligible offer themselves for re-appointment The said Auditors have furnished a certificate that if re-appointment shall be within the limits prescribed under section 224 (IB) of the companies Act, 1956. Members are requested to consider their appointment and to fix their remuneration.

7. STATUTORY DISCLOSURE: Information required to be given under section 217 (1) (e) of the companies Act, 1956 read with the companies. ( Disclosure of Particulars in the report of the Board of Directors) A rule, 1988 does not apply to your company as the company is not engaged in manufacturing activities. There was no foreign exchange earning or outgo during the year.

i) During the year under review there was no foreign exchange earning or outgo.

ii) In the preparation of the annual accounts, the applicable accounting standards have been followed;

iii) Standard accounting policies have been consistently applied in consultation with the auditors.

iv) The directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the companies Act, 1956 for safeguarding the assets of this company and for preventing and detecting fraud and other regulation.

v) These accounts have been prepared on an ongoing concern basis.

7. Foreign Exchanges: There was no foreign exchange earning during the year but, company imported goods worth CIF value of Rs. 14,12,15,636/- during the year ending 31 -March 2011 for trading purpose

8. Directors Responsibility Statement: Pursuant to the requirement under section 217 (2AA) of the Companies Act, 1956 rite Directors state that In the preparation of Annual accounts for the financial year ended 31* March 2011 the applicable accounting standard have been followed along with proper explanation relating to material departures.

The Directors have selected such accounting policies and applied mem consistently and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31st March 2011 and of the profit and loss account of the Company under review.

The Directors have taken proper and sufficient care for the raatatenance of adequate Acxounting reccords in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities. The Annual Accounts have been prepared on a going concern basis.

9. Particulars of Employees: As there are no employees in receipt of Remuneration of Rs 24,00,000 or more for the year or Rs. 2,00,000/- per month if employed for part of the year, the statement made under Section 217 (AA) is not applicable.

10. APPRECIATION: The Board wishes to express their sincere appreciation to all the staff members for their efforts and contribution made to the progress of the company and to the Bankers, Shareholder, Customers and Suppliers for their sustained support

On Behalf of the board of directors FOR PESTICIDES & BREWERS LIMITED

OMPRAKASH G. BERLIA MANAGING DIRECTOR

Place : Mnmbai Date : 25/8/2011

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Mar 31, 2010

The Director has pleasure in presenting the 50th Annual Report and Audited Account for the Year ended 31st March, 2010.

1. FINANCIAL RESULTS: Rs.In Lacs

Particular Year ended Year ended

31st March, 2010 31st March, 2009

Gross Income 2246.06 1926.20

Profit/ Loss before interest, Pep. & Tax 24.14 7.91

Interest - -

Depreciation 251 1.19

Provision for Taxation 627 14.86

Net Profit/(Loss) 1536 (8.13)

Balance brought forward (1454) (6.40)

Balance carried to Balance Sheet 0.82 (14.54)

1. OPERATONS: The company activity were local trading and any import of chemicals. During the year under review it has register the growth of 14% as compared to last yrs sales. Further we are happy to inform you profit of the company has also shown a increase of 205% compared to last yr.The directors hope to achieve better results during the current year.

2. DIVIDEND: Your directors dont recommend any dividend during the year under review.

3. Board of Directors: Shri Omprakash Berlia & Damodar Vays retires at the ensuring Annual General Meeting and being eligible offered themselves for re-appointment. You arc requested to consider there reappointment.

4. Fixed Deposits: Your Company has not accepted any Fixed Deposits within the meaning of Section 58 A of the Companies Act, 1956 and rules made there under during the year under review from public.

5. Auditors: M/s. M.A. Parikh & Co. Chartered Accountants, The Auditors of the company retire at the ensuring Annual General Meeting and being eligible offer themselves for re-appointment. The said Auditors have furnished a certificate that if re-appointment shall be within the limits prescribed under section 224 (IB) of the companies Act, 1956. Members are requested to consider their appointment and to fix their remuneration.

6. STATUTORY DISCLOSURE: Information required to be given under section 217 (I) (e) of the companies Act, 1956 read with the companies. ( Disclosure of Particulars in the report of the Board of Directors) A rule, 1988 does not apply to your company as the company is not engaged in manufacturing activities. There was no foreign exchange earning or outgo during the year.

i) During the year under review there was no foreign exchange earning or outgo.

ii) In the preparation of the annual accounts, the applicable accounting standards have been followed;

iii) Standard accounting policies have been consistently applied in consultation with the auditors.

iv) The directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the companies Act, 1956 for safeguarding the assets of this company and for preventing and detecting fraud and other regulation.

v) These accounts have been prepared on an ongoing concern basis.

7. Foreign Exchanges: There was no foreign exchange earning during the year but, company imported goods worth CIF value of Rs. 9,13,83,273/- during the year ending 31 -March 2010 for trading purpose

8. Directors Responsibility Statement: Pursuant to the requirement under section 217 (2 AA) of the Companies Act, 1956 the Directors state that: In the preparation of Annual accounts for the financial year ended 31st March 2005 the applicable accounting standard have been followed along with proper explanation relating to material departures.

The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31* March 2005 and of the profit and loss account of the Company under review.

The Directors have taken proper and sufficient care for the maintenance of adequate Accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities. The Annual Accounts have been prepared on a going concern basis.

9. Particulars of Employees: As there are no employees in receipt of Remuneration of Rs 24,00,000 or more for the year or Rs. 2,00,000/- per month if employed for part of the year, the statement made under Section 217 (AA) is not applicable.

10. APPRECIATION: The Board wishes to express their sincere appreciation to all the staff members for their efforts and contribution made to the progress of the company and to the Bankers, Shareholder, Customers and Suppliers for their sustained support.

On Behalf of the board of directors

FOR PESTICIDES & BREWERS LIMITED

Place: Mumbai OMPRAKASH G. BERLIA

Date : 30/8/2010 MANAGING DIRECTOR

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Mar 31, 2009

The Director has pleasure in presenting the 49th Annual Report and Audited Account for the Year ended 31st March, 2009.

1. FINANCIAL RESULTS: Rs. In Lacs Particular Year ended Year ended 31 stMarch, 2009 31st March, 2008

Gross Income 1926.20 1769.51 Profit/ Loss before interest, Dep, & Tax 6.72 5.33 Interest - - Depreciation 1.19 1.20 Provision for Taxation 14.86 8.28 Net Profit/ (Loss) (8.13) 136.12 Balance brought forward (6.40) (20.01) Balance carried to Balance Sheet (14.54) (6.40)

1. OPERATONS: The company activity were local trading and any import of chemicals. During the year under review it has register the growth of 7% as compared to last yrs sales. Further we are happy to inform you profit of the company has also shown a increase of 25% compared to last yr.The directors hope to achieve better results during the current year.

2. DIVIDEND: Your directors dont recommend any dividend during the year under review.

3. Board of Directors: Shri Bishvanath Jhunjhunwala & Annie Fernandes retires at the ensuring Annual General Meeting and being eligible offered themselves for re-appointment. You arc requested to consider there reappointment.

4. Fixed Deposits: Your Company has not accepted any Fixed Deposits within the meaning of Section 58A of the Companies Act, 1956 and rules made there under during the year under review from public.

5. Auditors: M/s. M.A. Parikh & Co. Chartered Accountants, The Auditors of the company retire at the ensuring Annual General Meeting and being eligible offer themselves for re-appointment The said Auditors have furnished a certificate that if re-appointment shall be within the limits prescribed under section 224 (IB) of the companies Act, 1956. Members are requested to consider their appointment and to fix their remuneration.

6. STATUTORY DISCLOSURE: Information required to be given under section 217 (1) (e) of the companies Act, 1956 read with the companies. ( Disclosure of Particulars in the report of the Board of Directors) A rule, 1988 does not apply to your company as the company is not engaged in manufacturing activities. There was no foreign exchange earning or outgo during the year.

i) During the year under review there was no foreign exchange earning or outgo.

ii) In the preparation of the annual accounts, the applicable accounting standards have been followed;

iii) Standard accounting policies have been consistently applied in consultation with the auditors.

iv) The directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the companies Act, 1956 for safeguarding the assets of this company and for preventing and detecting fraud and other regulation.

v) These accounts have been prepared on an ongoing concern basis.

7. Foreign Exchanges: There was no foreign exchange earning during the year but, company imported goods worth C1F value of Rs. 7986152/- during the year ending 31 -March 2008 for trading purpose

8. Directors Responsibility Statement: Pursuant to the requirement under section 217 (2AA) of the Companies Act, 1956 the Directors state that: In the preparation of Annual accounts for the financial year ended 31st March 2005 the applicable accounting standard have been followed along with proper explanation relating to material departures.

The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31st March 2005 and of the profit and loss account of the Company under review.

The Directors have taken proper and sufficient care for the maintenance of adequate Accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities. The Annual Accounts have been prepared on a going concern basis.

9. Particulars of Employees: As there are no employees in receipt of Remuneration of Rs 24,00,000 or more for the year or Rs. 2,00,000/- per month if employed for part of the year, the statement made under Section 217 (AA) is not applicable.

10. APPRECIATION: The Board wishes to express their sincere appreciation to all the staff members for their efforts and contribution made to the progress of the company and to the Bankers, Shareholder, Customers and Suppliers for their sustained support

On Behalf of the board of directors FOR PESTICIDES & BREWERS LIMITED

Place: Mumbai OMPRAKASH G. BERLIA

Date: 31st August, 2009 MANAGING DIRECTOR