To,

The Board of Directors of your Company hereby presents the 10^th Annual Report together with the Audited Financial Statements of the Company for the Financial Year ended on March 31, 2023.

( in Lakhs except for EPS)

The Audited Financial Statements of the Company for the Financial Year ended March 31, 2023 have been prepared in accordance with the Indian Accounting Standards (IND AS) prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with relevant rules issued thereunder, IND AS and other accounting principles generally accepted in India.

The comments of the Board of Directors ("the Board") of the Company on the financial performance of the Company along with state of Company affairs have been provided under the Management Discussion and Analysis Report which forms part of this Annual Report.

The figures of previous financial year have been re-grouped/re-arranged/re-classified/reworked wherever necessary to confirm the current year accounting treatment.

The Company operates in a single segment i.e. Digital Media Websites and MICE.

During the Financial Year under review, your Company could generate total revenue of 221.11/- Lakhs as against

155.74/- Lakhs in the previous Financial Year. However, there is loss before tax of 98.78/- Lakhs as against loss before tax of 113.41/- Lakhs in previous Financial Year. The Loss after tax is of 98.79/- Lakhs as against loss after tax of 113.75/- Lakhs in the previous Financial Year.

Your Directors expect better performance in the coming years to set off the losses of the Company.

The Business Developments, State of Company affairs have been provided under the Management Discussion and Analysis Report which is appended as ‘'Annexure-I'' to this Report.

In the event of losses incurred, your directors do not recommend any dividend for the Financial Year 2022-23.

During the Financial Year under review, there was no change in the Authorized Share Capital of the Company. The Authorized Share Capital of the Company as on March 31, 2023 was 1,103.00 Lakhs.

Further, as on March 31, 2023, there was no change in the paid-up share capital of the Company. The issued, subscribed and paid-up share capital of the Company as on March 31, 2023 was 1048.37 Lakhs.

During the financial year under review, the Company has not issued equity shares with differential rights as to dividend, voting or otherwise.

During the Financial Year under review, there was no change in the nature of business.

During the Financial Year under review, no amount was transferred to any Reserves.

During the Financial Year under review, the Company has not accepted any amount falling within the purview of provisions of Sections 73 and 76 of the Act read with the Companies (Acceptance of Deposits) Rules, 2014. Hence, the requirement for furnishing of details relating to deposits covered under Chapter V of the Act or the details of deposits which are not in compliance with Chapter V of the Act is not applicable.

The Board as on March 31, 2023 comprises of 6 (Six) Directors out of which 4 (Four) are Independent Directors whereas 2 (two) are Non-Executive Non Independent Directors. The composition of the Board of Directors is as follows:

*Mr. Kailasnath Adhikari has resigned as Managing Director w.e.f. March 31, 2023 and again reappointed as on July 01, 2023

Pursuant to the provisions of Section 203 of the Act, the following continue to be the Key Managerial Personnel of the Company as on March 31, 2023:

*Mr. Kailasnath Adhikari has resigned as Managing Director w.e.f. March 31, 2023 and again reappointed as on July 01, 2023

In accordance with the provisions of Section 152 of the Act read with the Companies (Management and Administration) Rules, 2014 and in accordance with the Articles of Association of the Company, Mr. Markand Adhikari, Non-Executive Director (DIN: 00032016) of the Company, who is liable to retire by rotation at the ensuingAnnual General Meeting (AGM), being eligible, offers himself for re-appointment. The Board recommends the re-appointment of Mr. Markand Adhikari as Director of the Company.

Mr. Kailasnath Adhikari (DIN: 07009389), who joined the Company on February 10, 2016, served as Managing Director until March 31, 2023. Recognizing his pivotal role and considering business needs, on July 1, 2023, he was re-appointed as Managing Director for a period of one year, until June 30, 2024, based on the recommendations of the Nomination & Remuneration Committee ("NRC") and the Board. The Board recommends the appointment of Mr. Kailasnath Adhikari as Managing Director of the Company.

During the Financial Year under review, Dr. Ganesh P. Raut (DIN: 08047742) and Mr. Umakanth Bhyravajoshyulu (DIN: 08047765) were re-appointed as Independent Directors of the Company, not liable to retire by rotation, for the second term of 5 (Five) consecutive years commencing from January 17, 2023 upto January 16, 2028 at the 9^th (Ninth) Annual General Meeting of the Company held on September 07, 2022, by way of special resolution.

The Board of Directors at its meeting held on March 30, 2023, based on the recommendation of NRC, had approved the appointment of Mr. Mariappanadar Soundarapandian (DIN:07566951) as an Additional Director categorised as Non-Executive and Independent Director of the Company. Further, pursuant to the provisions of Sections 108 and 110 of the Act, Mr. Mariappanadar Soundarapandian was appointed as an Independent Director of the Company with effect from March 31, 2023, for a term of 5 years upto March 2028, by way of shareholder's approval to the Postal Ballot Notice dated May 29, 2023.

As stipulated under Regulation 36(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations') and Secretarial Standard on General Meetings (SS-2) issued by the Institute of Company Secretaries of India (ICSI), brief resume of the director proposed to be appointed/re-appointed is given in the Notice forming part of this Annual Report.

The Company has received declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence as prescribed under Section 149(6) of the Act and under Regulation 16(1)(b) of Listing Regulations. There has been no change in the circumstances affecting their status as independent directors of the Company and the Board is satisfied of the integrity, expertise and experience (including pro_ciency in terms of Section 150(1) of the Act and applicable rules thereunder) of all Independent Directors on the Board.

The Independent Directors of the Company have undertaken requisite steps towards the inclusion of their names in the databank of Independent Directors maintained with the Indian Institute of Corporate Affairs in terms of Section 150 of the Act read with Rule 6 of the Companies (Appointment & Qualification of Directors) Rules, 2014 as per the Ministry of Corporate Affairs Notification dated October 22, 2019.

During the Financial Year under review, the Non-Executive Directors of the Company had no pecuniary relationship or transactions with the Company, other than sitting fees, commission and reimbursement of expenses incurred by them for the purpose of attending meetings of the Board/Committee of the Company.

Pursuant to the provisions of Section 134(3)(c) and 134(5) of the Act, the Board of Directors, to the best of their knowledge and ability, 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, if any;

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 at the end of the Financial Year and of the loss of the Company for that period;

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

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

Pursuant to the applicable provisions of the Act read with Schedule IV to the Act and the Listing Regulations, the Board of Directors has put in place a process to formally evaluate the effectiveness of the Board along with performance evaluation of each Director to be carried out on an annual basis. The criteria devised for performance evaluation of each Director consists of maintaining confidentiality, maintaining transparency, participation in company meetings, monitoring compliances, sharing the knowledge and experience for the benefit of the Company.

The Independent Directors met on February 04, 2023 without the presence of other Directors or members of Management. In the meeting, the Independent Directors reviewed performance of Non–Independent Directors, the Board as a whole and Chairman. They assessed the quality, quantity and timeliness of flow of information between the Company Management and the Board. The Independent Directors expressed satisfaction over the performance and effectiveness of the Board, individual Non-Independent Directors and the Chairman.

During the Financial Year under review, the NRC reviewed the performance of all the Executive and Non-Executive Directors.

A formal performance evaluation was also carried out by the Board of Directors held on May 29, 2023 where the Board made an annual evaluation of its own performance, the performance of directors individually as well as the evaluation of the working of its various Committees for the Financial Year 2022-23 on the basis of a structured questionnaire on performance criteria. The Board expressed its satisfaction with the evaluation process.

The Board met on various occasions to discuss and decide on affairs, operations of the Company and to supervise and control the activities of the Company. During the Financial Year under review, the Board met 6 (Six) times. The details of the Composition of Board Meetings and the attendance of the Directors at the meetings are provided in the Report on Corporate Governance, forming part of this Report. The intervening gap between the two consecutive Board meetings did not exceed the period prescribed by the Act, Listing Regulations, Secretarial Standard on Board Meetings (SS-1) issued by the Institute of Company Secretaries of India ("ICSI").

In compliance with the requirements of the relevant provisions of applicable laws and statutes, as on March 31, 2023, the Company currently has 3 (Three) committees of the Board viz.:

1. Audit Committee;

2. Nomination & Remuneration Committee; and

3. Stakeholders' Relationship Committee.

The details of the Committees along with their composition, number of meetings held and attendance of the members are provided in the Corporate Governance Report, forming part of this Annual Report.

The Audit Committee is duly constituted as per the provisions of Section 177 of the Act and Regulation 18 of the Listing Regulations. The Composition of the Audit Committee and its terms of reference, number of meetings held and attended is given in the Report on Corporate Governance which is annexed to this Report.

The Audit Committee of the Company reviews the reports to be submitted to the Board of Directors with respect to auditing and accounting matters. It also supervises the Company's internal control and financial reporting process. All the recommendations made by the Audit Committee were accepted and approved by the Board.

Pursuant to the provisions of Section 178 of the Act read with the Rules made thereunder, Regulation 19 of the Listing Regulations, the Company has in place, "Nomination and Remuneration Policy". The salient features of the said Policy are stated in the Report on Corporate Governance which forms part of this Annual Report. There has been no change in the aforesaid policy during the financial year under review. The Policy is available on the website of the Company. It can be assessed at http://www.governancenow.com/disclosures

The Company has devised and adopted a Risk Management Policy and implemented a mechanism for risk assessment and management. The policy is devised to identify the possible risks associated with the business of the Company, assessment of the same at regular intervals and taking appropriate measures and controls to manage, assess, mitigate and handle them. The key categories of risk covered in the policy are Strategic Risks, Financial Risks, Operational Risks and such other risks that may potentially affect the working of the Company.

The Board and the Audit Committee periodically reviews the risks associated with the Company and recommend steps to be taken to control and mitigate the same through a properly defined framework. The risk management policy adopted by the Company can be accessed on the Company's website at http://www.governancenow. com/disclosures

The Company has adopted a Whistle Blower Policy / Vigil Mechanism as per the provisions of Section 177 of the Act and Regulation 22 of the Listing Regulations. The Policy provides a mechanism for reporting of unethical behavior and frauds made to the management. The mechanism provides for adequate safeguards against victimization of employees who avail of the mechanism and also provides for direct access to the Chairman of the Audit Committee, in the exceptional cases. The details of the Vigil Mechanism/ Whistle Blower Policy are explained in the Report on Corporate Governance and are also available on the website of the Company at http://www.governancenow. com/disclsoure/Whistle-Blower-Policy_done.pdf.

We affirm that during the Financial Year 2022-23, no employee or director was denied access to the Audit Committee. Further, no complaints were received from employees of the Company during the financial year.

The Annual Return in Form MGT-7 as on March 31, 2023, as required under Section 92(3) of the Act and Rule 12 of the Companies (Management and Administration) Rules, 2014 is available on the website of the Company at http://www.governancenow.com/annual-returns.

The particulars of Loans, Investments, Guarantees and Securities made by the Company, in accordance with the provisions of Section 186 of the Act during the Financial Year 2022-23, has been furnished in the notes to the Financial Statements forming integral part of this Annual Report.

Pursuant to Section 197 of the Act read with the Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, details of the ratio of remuneration of each Director to the median employee's remuneration are appended to this report as "Annexure II – Part A".

The statement containing particulars of employees as required under section 197(12) of the Act read with Rules 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rule, 2014 is provided in this Report as "Annexure II – Part B" and forms a part of this report.

All contracts or arrangements entered into by the Company with its related parties during the Financial Year were in accordance with the provisions of the Act and the Listing Regulations. All such contracts or arrangements have been approved by the Audit Committee, as applicable.

The related party transactions which were material were executed pursuant to the applicable provisions of the Act, rules made thereunder and Listing Regulations and in pursuance to the approval obtained from shareholders in the 8^th Annual General Meeting held on September 18, 2021.

Further, the prescribed details of related party transactions in Form AOC-2, in terms of Section 134 of the Act read with Rule 8 of the Companies (Accounts) Rules, 2014 is given in the "Annexure III" to this Report.

In accordance with the provisions of Regulation 23 of the Listing Regulations, the Company has formulated "Policy on Related Party Transactions" and the same can be accessed on the Company's website at http://www. governancenow.com/disclsoure/Policy%20on%20Related%20Party%20transaction_SAB%20Events.pdf.

As on March 31, 2023, the Company does not have any Subsidiary, Associate or Joint Venture Company and hence preparation of Consolidated Financial Statements and statement containing salient features of subsidiary and associate in prescribed Form AOC-1 as per the provisions of Section 129 of the Act is not applicable to the Company.

Further, no Company ceased to be Subsidiary or Associate or Joint Venture Company of the Company during the Financial Year under review.

In accordance with Section 136 of the Act, the Audited Financial Statements of the Company are available on the Company's website at http://www.governancenow.com/financial.

The term of the Statutory Auditors i.e. M/s. A.R. Sodha & Co., Chartered Accountants, Mumbai (FRN: 110324W), is expiring in ensuing Annual General Meeting of the Company.

As per Section 139(2) of the Act, audit firm which has completed two terms of five consecutive years, shall not be eligible for re-appointment as auditor in the same Company for five years from the completion of such term.

On the recommendation of Audit Committee and Board, the Company now proposes to appoint M/s. P. Parikh & Associates, Chartered Accountants (FRN: 107564W) as Statutory Auditors of the Company for the first term of 5 Years from the conclusion of 10^th Annual General Meeting till the conclusion of the 15^th Annual General Meeting of the Company to audit the books of accounts of the Company from the F.Y. 2023-24 to F.Y. 2027-28.

The eligibility confirmation has been obtained from M/s. P. Parikh & Associates, Chartered Accountants. Resolution seeking your approval on this item is included in the Notice convening the 10^th Annual General Meeting.

Further, during the Financial Year under review, the Auditor had not reported any fraud under Section 143(12) of the Act, therefore no detail is required to be disclosed under Section 134(3)(ca) of the Act.

Following is the managements' reply to the qualifications raised by the Statutory Auditors' in their report for the Financial Year ended March 31, 2023:

1. The Company had acquired its publication and MICE business in Financial Year 2015-16 as per the scheme of arrangement and during such acquisition the company has recognised goodwill amounting to788.69 Lakhs as Goodwill on demerger. The carrying value of Goodwill as on 31^st March, 2023 is 220.19 Lakhs. However, the Company has not been able to generate sufficient income from its publication and MICE business since last five years and has incurred losses of145.00 Lakhs during the year ended on 31 ^st March, 2023 and during the preceding financial year of113.75 Lakhs. Also the Company has discontinued the publication of its magazine Governance Now since 2019-2020 Further the Company is not able to service its debt obligation. In our opinion, these facts indicate that there is impairment in the value of Goodwill. However, the Company has not carried out impairment testing on goodwill and instead amortising the Goodwill over a period of 10 years which is not in consonance with the Ind AS 36 Impairment of Assets. In the absence of working for impairment we are unable to quantify the amount of impairment provision required and its possible effects on the financial statements.

The Management of the Company does not anticipate any impairment in the value of Goodwill as the Management considers that the Goodwill can be commercially exploited in different ways to generate the revenue. Management estimates that decline in revenue in recent past is temporary in nature which has potential to get regularized in near future. The management is of the opinion that keeping in view their long term business synergy and potential no provision for impairment in the value of goodwill is required to be made as on March 31, 2023.

2. During the quarter ended March 2023, management has represented to us that they have initiated settlement process with the lender for waiver of interest from October 2022 and extension for principal repayment. Accordingly, no interest has been provided for the period October 2022 to March 2023. The effect of the settlement in the books of accounts is not in line with Ind AS 109. However, management is unable to produce any evidence regarding the settlement terms agreed. In our opinion since settlement terms are not finalised with the lender interest should be accounted in terms of the existing arrangement. Had the company provided the interest as per the existing arrangement, loss for the year and quarter ended 31^st March 2023 would have been higher by 48.28 Lakhs and current financial liabilities would have been higher by 48.28 Lakhs as at Balance Sheet date.

The documents upon which the Company relies for the purpose of finalisation of accounts doesn't indicate charge of any interest/ penal interest. Accordingly, no provision is made in the Profit and Loss account of the Company.

3. The Company has not accounted the lease transactions as per requirements of Ind AS 116 Leases. Had the said standard been followed, the liabilities would have been higher by35.51 Lakhs and assets would have been higher by33.51 Lakhs and loss would have been higher by 0.92 Lakhs for the year ended 31 ^st March, 2023 and by 0.07 Lakhs for the quarter ended 31 ^st March, 2023.

The impact for adoption for IND-AS 116 in the Company's financial statements is not material as the Company has not entered into a long term lease agreement with any lessor. However, the management will assess its impact in next financial year and account for the same, if required, as per IND-AS 116.

Pursuant to the provisions of Section 204 of the Act read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board had appointed M/s. Shweta Mundra & Associates, Practicing Company Secretaries (COP No.: 15387), as the Secretarial Auditors of the Company to conduct Secretarial Audit for the Financial Year 2022-23. The Secretarial Audit Report for the said Financial Year is appended to this report as

During the Financial Year under review, following were the qualifications of the Secretarial Auditors of the Company along with the reply of the Management of the Company:

1. Mr. Mariappanadar Soundarapandian is appointed as Additional Independent Director in the Company for a term of 05 consecutive years, w.e.f. March 31, 2023 up to March 30, 2028, but, he is shown as Director as well as Additional director both altogether in the master-data of the Company at the website of Ministry of Corporate Affairs.

The Company has appointed Mr. Mariappanadar Soundarapandian on 31.03.2023 and regularized him on 29.06.2023. For appointment, the Company had filed the form for additional director and after that at the time of filing of form for change in designation, there was technical error occurred and the company will resolve the same shortly.

2. The Company has filed Form MGT-14 to the Ministry of Corporate Affairs for the intimation of Approval of Availing Bank Guarantee, with an additional fee.

The Company has inadvertently missed filing of Form MGT-14. However, the same has been filed with additional fees.

3. As per Regulation 14 of the SEBI LODR 2014, The Company has to pay the Annual Listing Fees and other charges to be paid to the recognized stock exchange(s) in the stipulated time but the same was paid with a little delay due to late receipt of invoice, as informed by the Authorised representatives of the Company.

The Company has paid annual listing fees to stock exchanges for the financial year 2023-24.

Pursuant to circular No. CIR/ CFD/ CMD1/ 27/ 2019 dated February 8, 2019, issued by Securities and Exchange Board of India, the Company has obtained Annual Secretarial Compliance Report for Financial Year 2022-23, from M/s. Shweta Mundra & Associates, Practicing Company Secretaries (COP No.: 15387), on compliance of all applicable SEBI Regulations and circulars/guidelines issued thereunder and the same has been submitted to the Stock Exchanges within the prescribed timeline.

Pursuant to the provisions of Section 148(1) of the Act, the Government has not prescribed maintenance of the cost records in respect of services dealt with by the Company. Hence, the prescribed section for maintenance of cost records or cost audit is not applicable to the Company during the financial year under review.

Pursuant to provisions of the Section 138 of the Act read with rules made thereunder, M/s. Bhavesh Vora & Associates, Chartered Accountants, Mumbai, (FRN: 0113805W) was appointed as an Internal Auditor for the Financial Year 2022-23 to check the internal controls and functioning of the activities and recommend ways of improvement.

Internal Audit is carried out on a quarterly basis, and the report is placed in the Meetings of the Audit Committee and the Board for their consideration and direction. Their scope of work is as decided by the Audit Committee and the Board of Directors.

However, M/s Bhavesh Vora & Associates, Chartered Accountants have resigned as the Internal Auditors of the Company with effect from August 11, 2023.

The Board has adopted the policies and procedures for ensuring the orderly and efficient conduct of its business, including adherence to Company Policies, safeguarding of assets, prevention and detection of frauds and errors, the accuracy and completeness of the accounting records and timely preparation of reliable financial disclosures.

The Audit Committee in co-ordination with the Board evaluates the Internal Financial Control Systems and strives to maintain the appropriate Standards of Internal Financial Control. The management duly considers and takes appropriate actions on the recommendations made by the Internal Auditors, Statutory Auditors and the Audit Committee. The details in respect of internal financial control and their adequacy are included in the Management Discussion & Analysis Report, which forms part of this Annual Report.

Pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015 ("PIT Regulations"), as amended from time to time, the Company has formulated a Code of Conduct for Insiders ("Code of Conduct") and the "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information" ("Code of Fair Disclosure") in line with the provisions of PIT Regulations. The aforementioned Codes can be accessed on the website of the Company at the following web link: http://www.governancenow.com/disclosures

Further, the Compliance Officer has received requisite disclosure from the Directors and Designated Persons in compliance with the Code from all the designated persons.

The provisions relating to Corporate Social Responsibility under Section 135 of the Act and rules made thereunder are not applicable to the Company. Therefore, the Company has neither constituted Corporate Social Responsibility Committee nor developed and implemented any policy on Corporate Social Responsibility initiatives.

Pursuant to Regulation 34 read with Schedule V of the Listing Regulations, the following forms part of this Annual Report and are appended to this report: a. Management Discussion and Analysis Report (Annexure I); b. Report on Corporate Governance (Annexure V); c. Declaration on Compliance with Code of Conduct; d. Certificate from Practicing Company Secretary that none of the Directors on the Board of the Company have been debarred or disqualified from being appointed or to act as Director of the Company; and e. Auditors' Certificate regarding compliance of conditions of Corporate Governance.

There was no order passed by any regulator or court or tribunal, which impacts the going concern status of the Company or will have any bearing on Company's operations in future.

No material changes and commitments affecting the financial position of the Company occurred between the end of the Financial Year 2022-23 to which this financial statements relates and the date of this Annual Report.

The Company has zero tolerance for sexual harassment at workplace and therefore 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 (‘POSH Act') and the Rules made thereunder. All women employees either permanent, temporary or contractual are covered under the said policy. The said policy is updated internally to all the employees of the Company. An Internal Complaint Committee (ICC) has been set up in compliance with provisions of the said Act.

The Company has submitted the Annual Returns to the local authorities, as required under the above mentioned Act.

The details of the complaints' in relation to the Sexual Harassment of Women at Workplace filed/disposed/pending is given in the Report on Corporate Governance which is forming part of this Annual Report.

Pursuant to Section 134(3)(m) of the Act read with Rule 8 of the Companies (Accounts) Rules, 2014, details regarding Conservation of Energy, Technology Absorption, Foreign Exchange earnings and outgo for the financial year under review are as follows:

a. Steps taken or impact on conservation of energy – The Operations of the Company are not much energy intensive. However, the Company continues to implement prudent practices for saving electricity and other energy resources in day-to-day activities.

b. Steps taken by the Company for utilizing alternate sources of energy – Though the activities undertaken by the Company are not much energy intensive, the Company shall explore alternative sources of energy, as and when the necessity arises.

c. The capital investment on energy conservation equipment – Nil.

a. The efforts made towards technology absorption – the minimum technology required for the business has been absorbed.

b. The benefits derived like product improvement, cost reduction, product development or import substitution – Not Applicable.

c. In case of imported technology (imported during the last three years reckoned from the beginning of the Financial Year) – Not Applicable.

d. The expenditure incurred on Research and Development - Not Applicable.

The Foreign Exchange earned in terms of actual inflows and the Foreign Exchange outgo in terms of actual outflows during the Financial Year.

(figures in Lakhs)

The Company has devised proper systems to ensure compliance with the applicable Secretarial Standards issued by the ICSI and the Company has complied with all the applicable provisions of the same during the financial year under review.

No application made and no such proceeding is pending under the Insolvency and Bankruptcy Code, 2016 during the Financial Year 2022-23.

No such valuation has been done during the Financial Year 2022-23.

The Board of Directors expresses their gratitude for the valuable support and co-operation extended by various government authorities and stakeholders' including shareholders, banks, financial Institutions, viewers, vendors and service providers.

The Board also places on record their deep appreciation towards the dedication and commitment of your Company's employees at all levels and look forward to their continued support in the future as well.

The Directors appreciate and value the contribution made by every member of the SAB Events & Governance Now Media Limited family.