The Company's financial performance for the year ended March 31, 2025 is summarized below:

During the year under review, your Company has not transferred any amount to the General Reserves.

During the year under review, the Company recorded revenue of Rs. 8707.31 lacs as against last year revenue of Rs.8340.81 lacs. The profit before tax stood at Rs. 1128.19 lacs against profit before tax of Rs.1108.97 lacs previous year.

During the year under review, the Company issued and Allotted 90,000 equity shares of 10 each at a premium of 890.10 per share, by way of preferential allotment through private placement. Consequently, the paid-up share capital of the Company is increased and stood at 58,01,400 as on 31st March, 2025 Newly allotted Equity Shares will rank pari passu with the Existing Equity shares of the Company.

The Board of Directors of your company is pleased to recommend a dividend of INR. 1 per equity share of the face value of INR. 10 each (@10%), payable to those Shareholders whose names appear in the Register of Members as on the Book Closure / Record Date.

The financial position of the Company in the financial year 2024-25 is satisfactory. The Company expects to achieve better performance during the F.Y. 2025-26.

There is no change in the nature of business of the Company during the year and there is no revision in Board's Report and whatever submitted herewith is the final report.

Company is not having any subsidiary, joint venture, associate Company and hence the statement containing the salient feature of the financial statement of a company's subsidiary, joint venture, associate company under the first proviso to subsection (3) of section 129 in the prescribed Form AOC-1 is not applicable.

10. DETAILS OF NEW SUBSIDIARY/ JOINT VENTURES/ASSOCIATE COMPANIES

There are no new Subsidiary/Joint Ventures/Associate Companies of the Company during the year under review.

11. REPORT ON PERFORMANCE OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE

COMPANIES

During the year under review, your Company did not have any subsidiary, associate and joint venture Company.

12. CORPORATE GOVERNANCE

Corporate Governance deals with ethical conduct, integrity and accountability. Corporate Governance essentially involves balancing the interest of all the stakeholders of the Company.

Pursuant to the Regulation 15 of SEBI (Listing Obligations &Disclosure Requirements) Regulations, 2015, the Compliancerelated to the Corporate Governance is applicable to the company .The Corporate Governance report is attached as ANNEXURE G. Certificate from the Auditors of the Company, Mrs. Shilpa Shah, practicing Company Secretaries, confirmingcompliance with the conditions of Corporate Governance asstipulated under Chapter IV of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)Regulations, 2015 is presented in a separate section formingpart of the Annual Report.

13. PUBLIC DEPOSITS

Your Company has not accepted any deposits within the meaning of Section 73 and 76 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014.

14. DIRECTORS AND KEY MANAGERIAL PERSONNEL

(i) Directors

Your Board currently comprises of 6 Directors including 4 Non Executive Directors and 2 Executive Director.

Mr. Pranav Kapur (DIN NO:07813604) Non- Executive Non Independent Director will retire by rotation and being eligible and not being disqualified under section 164 of the Companies Act, 2013, offers herself for re-appointment.

(ii) Key Managerial Personnel

Following are Key Managerial Personnel of the Company during the financial year 2024-25:

Note: Ms. Sudha Didwaniya was appointed in the place of Mrs. Agrima Shah as a Company Secretary cum Compliance officer on 11^th November,2024 and Mrs. Agrima Shah was resigned from the post of Company Secretary Cum Compliance officer on 13^th August,2024

(iii) Statement on Declaration by an Independent Director(s)

The Company has complied with the provisions of section 149(6) of the Companies Act, 2013. The Company has also obtained declarations from all the Independent Directors pursuant to section 149(7) of the Companies Act, 2013.

(iv) Annual Evaluation of Board

Pursuant to provision of the Companies Act, 2013 and Statement on Annual Evaluation of the Company, the Board has carried out the annual performance evaluation of its own performance and other Directors. A structured questionnaire was prepared after taking into consideration inputs received from the Directors, covering various aspects of the Board's functioning such as adequacy of the composition of the Board and its Committees, Board culture, execution and performance of specific duties, obligations and governance. A separate exercise was carried out to evaluate the performance of individual Directors including the Chairman of the Board, who were evaluated on parameters such as level of engagement and contribution, independence of judgment, promotion of participation by all directors and developing consensus amongst the directors for all decisions.

15. NUMBER OF BOARD MEETINGS

During the Financial year, total 7 (Seven) meetings of the Board of Directors were held on following dates:

16. DIRECTOR'S RESPONSIBILITY STATEMENT

To the best of their knowledge and belief and according to the information and explanations obtained by your Directors they make the following statements in terms of Section 134(3)(c)of the Companies Act, 2013 and hereby confirm that:-

a. in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

b. the Directors have selected such accounting policies and applied 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 31^st March, 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 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 Directors, had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively and the Company conduct internal Financial Control during the year.

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

17. NOMINATION AND REMUNERATION COMMITTEE

The Board has in accordance with the provisions of sub-section (3) of Section 178 of the Companies Act, 2013, formulated the policy setting out the criteria for determining qualifications, positive attributes, independence of a Director and policy relating to remuneration for Directors, Key Managerial Personnel and other employees. The said policy is available on www.autoriders.com website of the Company.

(a) Brief description of Terms of Reference:

Apart from determining the Company's Policy on specific remuneration packages for Executive Directors including pension rights and any compensation payment and to fix the remuneration payable to executive directors, the terms of reference is as per the provisions of section 178 of the Companies Act, 2013 and rules framed there under.

(b) Composition, Name of Members and Chairman as on 31.03.2025:

Nomination and Remuneration Committee comprises of:

(c) Composition, Name of Members and Chairman:

The Nomination and Remuneration Committee met five (5) time during the year. The details of the same are as follows:

Due to the Demise of the Mr. Vinay Rane, Mr. Janak Patel was appointed as a Member of the Committee to fill the Vacancy and Mr. Anil Kulkarni became the Chairman of the Committee.

(d) Remuneration Policy:

The Nomination and Remuneration Policy for Working Directors is reviewed periodically to ensure that the same is in line with the peer companies. The payment of remuneration is duly approved by the Remuneration Committee, the Board of Directors and the Shareholders.

18. AUDIT COMMITTEE

The Audit Committee of Directors was constituted pursuant to the provisions of Section 177 of the Companies Act, 2013. The details of the Committee and its terms of reference are as follows:

a) Brief description of terms of reference:

The terms of reference of the Audit Committee are pursuant to section 177 of the Companies Act, 2013. In addition, the Audit Committee reviews the Accounting Policies, interacts with the Statutory Auditor and Internal Auditor and discusses the Audit program with them. The committee acts as a link between the Management, Auditors and Board of Directors of the Company and has full access to financial information.

Recommendations of the Audit Committee, if any, are considered and implemented by the Board from time to time

b) Composition, Name of Members and Chairman as on 31.03.2025:

Audit Committee comprises of:

3. Mr. Pranav Salil Kapur- Non executive director (Member) c) Meetings and Attendance during the year:

The Audit Committee met Six (6) times during the year. The details of the same are as follows:

Due to the Demise of the Mr. Vinay Rane Mr. Janak patel appointed as a Member of the Committee to fill the Vacancy and Mr. Anil Kulkarni became the Chairman of the Committee.

The minutes of the audit committee meetings were noted at the subsequent Board meetings.

The Company Secretary is the secretary to the committee.

19. STAKEHOLDERS RELATIONSHIP COMMITTEE

The Stakeholders Relationship Committee was constituted pursuant to the provisions of Section 178 of the Companies Act, 2013.

a) Composition, Name of Members and Chairman as on 31.03.2025:

Stakeholders Relationship Committee comprises of:

1. Mr. Anil Kulkarni - Independent Director (Chairman of the Committee) 2. Mr. Janak Patel- Independent Director (Member) 3. Mrs. Maneka Vijay Mulchandani - Director (Member)

b) Meetings and Attendance during the year:

The Stakeholders Relationship Committee met Once (1) time during the year. The details of the same are as follows:

The minutes of the Stakeholders Relationship committee meetings were noted at the board meetings.

The Company Secretary is the secretary to the committee.

20. VIGIL MECHANISM POLICY FOR THE DIRECTORS AND EMPLOYEES:

The Company promotes ethical behavior in all its business activities and has put in place a mechanism for reporting illegal and unethical behavior.

The Board of Directors of the Company have, pursuant to the provisions of Section 177(9) of the Companies Act, 2013 read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014, framed “Vigil Mechanism Policy” for Directors and employees of the Company to provide a mechanism which ensures adequate safeguards to employees and Directors from any victimization on raising of concerns of any violations of legal or regulatory requirements, incorrect or misrepresentation of any, financial statements and reports, etc.

The employees of the Company have the right/option to report their concern/grievance to the Chairman of the Audit Committee. The Company is committed to adhere to the highest standards of ethical, moral and legal conduct of business operations.

During the Financial year 2024-25, no complaint of Harassment had been received from any of the employee of the Company.

21. INSURANCE AND RISK MANAGEMENT POLICY:

The Company has obtained adequate insurance on all of its fixed and other assets. In accordance with the risk management policy of the Company, the Board of Director of the Company identifies the potential risks against the business of the Company time to time and take proper safeguards to mitigate / minimize the risks. Key business risks and their mitigation are considered in the annual/strategic business plans and in periodic management reviews. The risk management policy is available on www.autoriders.com website of the Company.

22. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN

EXCHANGE EARNINGS AND OUTGO:

The information as per Section 134(3) (m) of the Companies Act, 2013 read with the Companies (Account) Rules, 2014 with respect to conservation of energy, technology absorption & foreign exchange earnings and outgo is as follows:

A. CONSERVATION OF ENERGY:

(i) The steps taken or impact on conservation of energy:

Energy conservation dictates how efficiently a Company can conduct its operations. The Company has recognized the importance of energy conservation in decreasing the deleterious effects of global warming and climate change. The Company has strengthened the Company's commitment towards becoming an environment friendly organization. The Company carries out regular maintenance and development work of electricity equipment to save the energy. The Company is also using the energy efficient products to reduce wastage of scarce energy.

(ii) The steps taken by the Company for utilizing alternate sources of energy:

The Company is using the electricity as main source of its energy requirement. The Company is not having/exploring any alternate source of energy.

(iii) The capital investment on energy conservation equipments:

For the year under review, there was no investment in energy conservation equipment.

B. TECHNOLOGY ABSORPTION:

i) The efforts made towards technology absorption: No efforts were taken.

ii) The benefits derived like product improvement, cost reduction, product development or import substitution:

The Company has not absorbed/made any new technology during the year.

iii) In case of imported technology (imported during the last three years reckoned from the beginning of the financial year)

No technology was imported during the three years preceding to the year under report.

iv)Expenditure incurred on Research and Development: Nil.

23. INTERNAL CONTROL SYSTEMS

Adequate internal control systems commensurate with the nature of the Company's business, size and complexity of its operations are in place. It has been operating satisfactorily. Internal control systems comprising of policies and procedures are designed to ensure reliability of financial reporting, timely feedback on achievement of operational and strategic goals, compliance with policies, procedure, applicable laws and regulations and that all assets and resources are acquired economically, used efficiently and adequately protected.

24. EXTRACT OF ANNUAL RETURN

Extract of the Annual Return in form MGT-9 for the financial year ended 31^st March, 2025 made under the provisions of Section 92(3) of the Act is annexed as ANNEXURE- A which forms part of this Report. You may also find extract of the Annual Return in form MGT-9 on the Company's website i.e. www.autoriders.com.

25. CORPORATE SOCIAL RESPONSIBILITY

Pursuant to the provision of section 135 of the Companies Act, 2013, provision related to spending amount towards CSR activity is applicable to the Company during the financial year ended 31^st March,2025. However, The Company has been carrying out various Corporate Social Responsibility (CSR) activities in the areas of education. These activities are carried out in terms of Section 135 readwith Schedule VII of the Companies Act, 2013 and Companies(Corporate Social Responsibility Policy) Rules, 2014. The Annual Report on CSR Activities undertaken by the Company is annexed herewith as ANNEXURE- F. The CSR Policy is available on Company's website http://www.autoridersrentacar.com/investors.html

26. AUDITORS

(i) STATUTORY AUDITOR

Statutory Auditors (Existing Auditor)

As per the provisions of Section 139, 141 of the Companies Act, 2013 and rules made thereunder (hereinafter referred to as “The Act”), the Company at its 39th Annual General Meeting(‘AGM”) held on 10th September,2024 approved the appointment of M/s. Vandana V Dodhia& Co., Chartered Accountant (FRN No. 117812W) as Statutory Auditor for a period of 1 years commencing from the conclusion of 39th AGM till the conclusion of the 40th AGM to be held in the year.

Statutory Auditors (Appointment)

As required under the provisions of section 139(1) of the Companies Act, 2013, the company has received a written consent from M/s Vandana V Dodhia & Co., Chartered Accountant (FRN No. 117812W) to their re-appointment and a certificate, to the effect that their re-appointment, if made, would be in accordance with the new Act and the Rules framed there under and that they satisfy the criteria provided in Section 141 of the Companies Act, 2013.

Auditors of the Company of M/s. Vandana V Dodhia & Co., Chartered Accountant (FRN No. :117812W)hold office until the conclusion of the 40^thAnnual General Meeting and being eligible offer themselves for re-appointment until the conclusion of 43^rd Annual General Meeting of the company.

AUDIT REPORT

The Statutory Auditors have not made any qualification in their Report dated 30^th May,2025 for the financial year ended 31^st March 2025, However, they have observations on some matters in their report to the Board of Directors of the Company which are annexed as ANNEXURE-C

(ii) SECRETARIAL AUDITOR

The Board has appointed Mrs. Shilpa Shah, Company Secretaries in Practice to undertake the Secretarial Audit of the Company for the financial year 2024-25. The Report of the Secretarial Audit Report is annexed herewith as ANNEXURE- B.

AUDIT REPORT

The Secretarial Auditors have not made any qualification in their Report dated 13^th August,2025 for the financial year ended 31^st March 2025, However, they have observations on some matters in their report to the Board of Directors of the Company which are annexed as ANNEXURE-C

(iii) COST AUDITOR

The Company is not required to appoint Cost Auditor as it is not required to submit cost audit report pursuant to the provision of the Companies (Cost Records and Audit) Rules, 2014.

27. GREEN INITIATIVES

Pursuant to Sections 101 and 136 of the Companies Act, 2013 The Company will be sending Annual Report through electronic mode i.e. email to all the shareholders who have registered their email addresses with the Company.

28. SECRETARIAL STANDARDS

It is hereby confirmed that the Company has complied with the provisions of all applicable Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI).

29. HUMAN RESOURCES

Employees are considered to be team members being one of the most critical resources in the business which maximize the effectiveness of the Organization. Human resources build the Enterprise and the sense of belonging would inculcate the spirit of dedication and loyalty amongst them towards strengthening the Company's Polices and Systems. The Company maintains healthy, cordial and harmonious relations with all personnel and thereby enhancing the contributory value of the Human Resources.

30. ENVIRONMENT AND SAFETY

The Company is conscious of the importance of environmentally clean and safe operations. The Company's policy requires conduct of operations in such a manner, so as to ensure safety of all concerned, compliances environmental regulations and preservation of natural resources. There was no accident during the year.

31. 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 Company is having Mr. Anil Kulkarni, and Mr.Pankil Balendrabhai Amin and Mr. Janak Patel on Board as an Independent Directors. All the Independent Directors are having expertise in the field of Vehicle acquisition, prompt registration of vehicle acquired, advising over various insurance cover of vehicles as well as for passengers and other related things associated with the Business. Independent Directors contributes towards obtaining various business opportunities, combating the Risks arising in achieving business objective of the company and to lessen the losses in every possible way.

32. MATERIAL CHANGES AND COMMITMENTS, IF ANY AFFECTING THE FINANCIAL

POSITION OF THE COMPANY WHICH HAVE OCCURRED BETWEEN THE FINANCIAL YEAR END OF THE COMPANY TO WHICH FINANCIAL RESULTS RELATED

Except as disclosed elsewhere in this report, no material changes and commitments which could affect the Company's financial position have occurred between the end of the financial year of the Company and date of this report.

33. ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE

FINANCIAL STATEMENTS

The Company has in place adequate internal financial controls with reference to financial statements. During the financial year, such controls were tested and no reportable material weakness in the design or operation was observed.

34. PARTICULARS OF LOANS, GUARANTEES, INVESTMENTS AND SECURITIES UNDER

SECTION 186 OF THE COMPANIES ACT OF 2013

The Company has not granted any loans, not given any guarantees and not made any investment during the financial year 2024-25.

35. PARTICULAR OF CONTRACTS OR ARRANGEMENT WITH RELATED PARTIES

During the year under review the company had entered into transactions with the Directors, Relatives of KMP and with the entity in which the Directors are common. Details of the said transactions are disclosed in Note No. 35 i.e. Related Party Disclosures in notes to accounts.

Pursuant to provision of section 188 of the Companies Act, 2013 and the rules made thereunder all the transactions entered into by the Company during the Financial year 2024-25 with the related parties are entered in ordinary course of business and are at arm's length basis and not material in nature. Hence, the disclosure under Form No. AOC-2 is not applicable to the Company.

36. DISCLOSURE UNDER SECTION 197(12) OF THE COMPANIES ACT, 2013 AND

OTHER DISCLOSURES AS PER RULE 5 OF COMPANIES (APPOINTMENT & REMUNERATION) RULES, 2014

There were no employees of the Company drawing remuneration of Rs. 1.02 crore per annum or more or Rs.8.5 lacs per month or more during the year under review. The details pursuant to Rule 5(2) of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are annexed herewith as ANNEXURE-D.

37. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE

(PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013

The Company has adopted a policy for prevention of sexual harassment at the workplace, in line with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (“POSH Act”). An Internal Complaints Committee (“ICC”) has been duly constituted as per the provisions of the POSH Act to redress complaints regarding sexual harassment at the workplace.

During the financial year under review, the Company has complied with all the provisions of the POSH Act and the rules framed thereunder. Further details are as follows:

38. PROCEEDINGS PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE,2016:

The Company has not made any one-time settlement for loans taken from the Banks or Financial Institutions, and hence the details of difference between amount of the valuation done at the time of one-time settlement and the valuation done while taking loan from the Banks or Financial Institutions along with the reasons thereof is not applicable.

39. MATERNITY BENEFIT:

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.

40. GENERAL DISCLOSURES

Your Director's state that no disclosure or reporting is required in respect of the following items as there were no transactions on these items during the year under review:

41. ACKNOWLEDGEMENT

Your Director's wish to thank Bankers, Government authorities and various stakeholders, such as, shareholders, customers and suppliers, among others for their support and valuable guidance to the Company. Your Director's also wish to place on record their appreciation for the committed services of all the Employees of the Company