Your directors have pleasure in presenting the 12^th Annual Report of the Company together with
the Audited Statements of Accounts for the year ended March 31, 2024.

1. FINANCIAL RESULTS:

The Company's financial performance for the year under review along with previous year's
figures is given hereunder

rRminHoH nff tn I akVic'l

2. STATE OF AFFAIRS:

The Company is engaged in the services of training and skill development offering vocational
training, and educational consulting in collaboration with Central Government, State
Governments and various Industries and Industry Associations. There has been no change in
the business of the Company during the financial year ended 31^st March, 2024.

The highlights of the Company's performance are as under:

i. Revenue from operations for the year ended on 31^st March 2024 and 31^st March, 2023 is
Rs.2089.72 Lakhs and Rs.1627.93 Lakhs.

ii. Other incomes for the year ended for the year ended on 31^st March 2024 and 31^st March,
2023 is Rs.6.67 Lakhs and Rs.22.92 Lakhs.

iii. Net profit for the year ended for the year ended on 31^st March 2024 and 31^St March, 2023 is

Rs.131.79 Lakhs and Rs.110.89 Lakhs.

3. SHARE CAPITAL:

The Authorised Share Capital as on 31^st March, 2024 was Rs. 5,00,00,000/- divided into
49,25,000 Equity Shares of Rs. 10/- each and 75,000 Preference Shares of Rs.10/- each of the
company.

The Paid-up share capital as on 31^st March, 2024 was Rs. 4,08,51,160/- divided into 40,85,116
Equity Shares of Rs. 10/- each of the company.

Increase in Paid Up Share Capital:

The Paid-up Share Capital of the Company was increased from Rs. 3,20,91,160/- to Rs.
4,08,51,160/- during the year:

a. The company has issued and allotted 8,76,000 (Eight Lakhs Seventy-Six Thousand) Equity
shares of face value of Rs. 10/- each of the company by a way of Preferential Issue of Equity
Shares of the company at a price of Rs. 33.20/- (Thirty-Three Rupees and Twenty Paisa) each
including a premium of Rs. 23.20/- (Twenty-Three Rupees and Twenty Paisa) each.

b. The company has also Allotted 5,00,000 (Five Lakh) fully convertible warrants into equal
number of Equity Shares of the company, having face value of ^ 10/- (Rupees Ten only) each at
a price of ^ 33.20/- (Thirty-Three Rupees and Twenty Paisa only) each including a premium of
^ 23.20/- each, per warrants during the year, however the conversion of the same is still
pending.

4. LISTING INFORMATION

The Equity Shares in the Company are continued to be listed with BSE SME Platform and in
dematerialized form. The ISIN No. of the Company is INE0E4I01019.

5. DIVIDEND:

To conserve the resources for future growth of the company, your directors do not propose any
dividend for the current year.

6. RESERVES:

The Board of Directors has decided to retain the entire amount of profits in the profit and loss
account.

7. TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCTION AND PROTECTION FUND:

Pursuant to the provisions of the Companies Act, 2013 read with The Investor Education and
Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended,
('Rules'), the dividends, unclaimed for a consecutive period of seven years from the date of
transfer to the Unpaid Dividend Account of the Company are liable to be transferred to IEPF.
Further, the shares (excluding the disputed cases having specific orders of the Court, Tribunal
or any Statutory Authority restraining such transfer) pertaining to which dividend remains
unclaimed for a period of continuous seven years from the date of transfer of the dividend to
the unpaid dividend account are also mandatorily required to be transferred to the IEPF
established by the Central Government.

Any person whose unclaimed dividend and shares pertaining thereto, matured deposits,
matured debentures, application money due for refund, or interest thereon, sale proceeds of
fractional shares, redemption proceeds of preference shares, amongst others has been
transferred to the IEPF Fund can claim their due amount from the IEPF Authority by making an
electronic application in e-form IEPF-5. Upon submitting a duly completed form, Shareholders
are required to take a print of the same and send physical copy duly signed along with requisite
documents as specified in the form to the attention of the Nodal Officer, at the Registered Office

of the Company. The e-form can be downloaded from the website of Ministry of Corporate
Affairs www.iepf.gov.in.

Shareholders are requested to get in touch with the RTA for encashing the unclaimed
dividend/interest/principal amount, if any, standing to the credit of their account.

During the year, no amount of unclaimed dividend has been transferred to IEPF.

8. DETAILS OF SUBSIDIARY, JOINT VENTURE OR ASSOCIATE COMPANIES:

The Company does not have any Holding, Subsidiary, Joint Venture or Associate Company.

9. MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION
OF THE COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH
THIS FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT:

No material changes and commitments affecting the financial position of the Company occurred
between the ends of the financial year to which these financial statements relate on the date of
this report except:

a) company has entered into MOUs with SAMAGRA SHIKSHA for Vocational Education and
implementation under the Vocational Education Component in alignment with National
Skill Qualification Framework (NSQF) in 117 Schools in the State of Madhya Pradesh.

b) company has entered into MOUs with Blue Dart Express Limited & Delhivery Limited
for Recruitment and Payroll Management.

c) company has been awarded work order from Bihar State Minorities Financial
Corporation Ltd.

d) The Appointment of Ms. Neha Maheshwari (M.NO. A22788) as Company Secretary and
Compliance officer of the Company w.e.f. today i.e. 02^nd May, 2024.

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

The information on conservation of energy, technology absorption and foreign exchange
earnings and outgo stipulated under Section 134(3)(m) of the Companies Act, 2013 read with
Rule, 8 of The Companies (Accounts) Rules, 2014, are as follows:

Conservation of energy-

Even though its operations are not energy-intensive, significant measures are taken to reduce
energy consumption by using energy-efficient equipment. The Company regularly reviews
power consumption patterns across all locations and implement requisite
improvements/changes in the process in order to optimize energy/ power consumption and
thereby achieve cost savings. Energy costs comprise a very small part of the Company's total
cost of operations. However, as a part of the Company's conservation of energy programme,
the management has appealed to all the employees / workers to conserve energy.

Technology absorption-

i. The efforts made towards technology absorption: The company is committed to enhancing
technology absorption through comprehensive training programs and continuous skill
development initiatives, ensuring that employees are proficient in the latest technological
advancements and can effectively apply them to drive innovation and operational excellence.

ii. The benefits derived like product improvement, cost reduction, product development or
import substitution; Engaging in robust training and skill development programs provides
significant benefits for the company, including substantial product improvement, cost
reduction, and enhanced product development capabilities. A well-trained workforce is adept
at leveraging the latest technologies and methodologies, leading to continuous product
improvement and greater innovation. This proficiency not only boosts efficiency but also
enables cost-effective solutions and streamlined processes. Additionally, skill development
supports effective import substitution by empowering employees to develop and produce
high-quality products in-house, further driving cost savings and reducing dependency on
external suppliers. Ultimately, these investments in employee development contribute to a
more competitive, agile, and technologically advanced organization."

iii. In case of imported technology- The Company has not imported any technology during the
year;

iv. The expenditure incurred on Research and Development. The Company has not expended any
expenditure towards Research and Development during the year.

Foreign exchange earnings and Outgo-

The Foreign Exchange earned in terms of actual inflows during the year and the Foreign
Exchange outgo during the year in terms of actual outflows are as follows:

11. STATEMENT CONCERNING DEVELOPMENT AND IMPLEMENTATION OF RISK
MANAGEMENT POLICY OF THE COMPANY:

The Company has laid down the procedure to inform the Board about the risk assessment and
minimization procedures. These procedures are reviewed by the Board from time to time to
ensure that there is timely identification and assessment of risks, measures to mitigate them,
and mechanisms for their proper and timely monitoring and reporting.

The Company has also adopted and implemented a risk management policy which identifies
major risks which may threaten the existence of the Company. The same has also been adopted
by your Board and is also subject to its review from time to time. The Risk Management Policy
has been uploaded on the website of the Company at
https://ascensiveeducare.com/User/index

The Company does not fall under the ambit of top 1000 listed entities, determined on the basis
of market capitalization as at the end of the immediately preceding financial year. Hence,
compliance under Regulation 21 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 is not applicable.

12. CORPORATE SOCIAL RESPONSIBILITY (CSR):

The provisions of section 135 of the companies act, 2013 are not applicable to the company
considering the net worth, turnover and net profit of the company.

13. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186 OF
THE COMPANIES ACT, 2013:

There were no loans or guarantees or investment made by the Company under Section 186 of
the Companies Act, 2013 during the year under review. The same has been disclosed under the
notes to the balance sheet in the Audited Financial Statements.

14. INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY:

The Company has adequate system of internal control to safeguard and protect from loss,
unauthorized use or disposition of its assets. All the transactions are properly authorized,
recorded and reported to the Management. The Company is following all the applicable
Accounting Standards for properly maintaining the books of accounts and reporting financial
statements.

The internal auditor of the company M/s Prerna Surana Jaiswal and Associates, Chartered
Accountants, checks and verifies the internal control and monitors them in accordance with
policy adopted by the company. The Company continues to ensure proper and adequate
systems and procedures commensurate with its size and nature of its business.

15. STATUTORY AUDITORS:

The Auditor, M/s. Goyal Goyal & Co., Chartered Accountants, (FRN: 015069C) is appointed as
Statutory Auditor of the Company to hold office from the 9^th AGM to the 14^th AGM of the
company for a term of five years in terms of the first proviso to Section 139 of the Companies
Act, 2013.

16. STATUTORY AUDITOR'S REPORT & OBSERVATIONS:

The report of the Statutory Auditors of the Company is annexed herewith.

The auditors have not reported any frauds under sub section 12 of section 143 other than those
which are reportable to the Central Government.

There are no qualifications, reservations or adverse remarks made by the Statutory Auditor
except:

1. The company has not deposited the amount for Tax Deducted at Source for the financial years
2014-15, 2019-20, 2020-21, 2021-22, 2022-23, 2023-24 and the Income tax for the financial year
2022-23.

Explanation: Company is in process to pay the same.

2. The company has not paid CGST and SGST amounting to INR 44,19,171/- during the period
2017-18 to 2023-24.

Explanation: Company has preferred an appeal against the same with Joint Commissioner of
State T ax.

17. COMMITTEES OF THE BOARD

Matters of policy and other relevant and significant information are furnished regularly to the
Board. To provide better Corporate Governance & transparency, currently, your Board has four
(3) Committees viz., Audit Committee, Nomination & Remuneration Committee and Stakeholder
Relationship Committee to investigate various aspects for which they have been constituted.
The Board fixes the terms of reference of Committees and delegate powers from time to time.

AUDIT COMMITTEE AND VIGIL MECHANISM:

The Audit Committee as on 31.03.2024 comprises of 2 non-executive Independent Directors
and 1 Non- Executive Director as its Members. The Chairman of the committee is Independent
Director.

The primary objective of the Audit Committee is to monitor and provide an effective
supervision of the Management's financial reporting process, to ensure accurate and timely
disclosures, with the highest levels of transparency, integrity and quality of financial reporting.
The Committee oversees the work carried out in the financial reporting process by the
Management, the statutory auditor and notes the processes and safeguards employed by each
of them.

The Composition of Audit Committee during the year are given below:

During the year (4) Four Audit Committee Meetings were held. In pursuant to the provisions of
section 177(9) & (10) of the Companies Act, 2013, a Vigil Mechanism for directors and
employees to report genuine concerns has been established. The Vigil Mechanism Policy has
been uploaded on the website of the Company at https://ascensiveeducare.com/User/index
The employees of the Company are made aware of the said policy at the time of joining the
Company.

The functioning of the Whistle Blower mechanism is reviewed by the Audit Committee on
regular basis. The employees of the Company are made aware of the said policy at the time of
joining the Company.

NOMINATION AND REMUNERATION COMMITTEE

The Nomination and Remuneration Committee comprises of Independent Directors and non¬
executive Director as its members. The Chairman of the Committee is an Independent Director.

The Composition of Nomination and Remuneration Committee during the year are given
below:

During the year (3) Three Nomination and Remuneration Committee Meetings were held.
STAKEHOLDER RELATIONSHIP COMMITTEE

The stakeholder relationship committee comprises Non-executive Director, Whole-time
Director and one Independent Director as its members. The Chairman of the Committee is a
Non-Executive Director.

The Composition of Stakeholder and Relationship Committee during the year are given below:

During the year (2) Two Stakeholder Relationship Committee Meetings were held.

18. ANNUAL RETURN:

Pursuant to Notification dated 28th August, 2020 issued by the Ministry of Corporate Affairs as
published in the Gazette of India on 28th August, 2020, the details forming part of the extract of
Annual Return in Form MGT-9 is not required to be annexed herewith to this report. However,
the Annual Return will be made available at the website of the Company at
https://ascensiveeducare.com/User/index

19. 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 Company has
appointed M/s. Aanal Mehta & Associates, Practicing Company Secretaries, Ahmedabad to
undertake the Secretarial Audit of the Company.

20. SECRETARIAL AUDIT REPORT & OBSERVATIONS:

The Secretarial Audit Report of Secretarial Auditor is annexed herewith as Annexure “A”.

There are no qualifications, reservations or adverse remarks made by the Secretarial Auditor,
except:

1) During the year Company has availed car loan facility from Axis Bank of which company has
failed to register the Charge as per the provisions of section 77 of the companies Act, 2013.

Explanation: It was inadvertently missed from being registered.

21. MATERIAL CHANGES DURING THE YEAR

There were no material changes during the year, which may have adverse effect on the
operations of the Company except already disclosed in this report.

22. DEPOSITS:

The company has not invited, accepted or renewed any deposit within the meaning of Chapter V
other than exempted deposit as prescribed under the provisions of the Company Act, 2013 and
the rules framed thereunder, as amended from time to time. Hence there are no particulars to
report about the deposit falling under Rule 8(5)(v) and (vi) of the Companies (Accounts) Rules,
2014.

23. INSURANCE

The properties/assets of the Company are adequately insured.

24. DIRECTORS / KEY MANAGERIAL PERSONNEL:

a. NUMBER OF BOARD MEETINGS CONDUCTED DURING THE YEAR UNDER REVIEW:

06 (Six) Board Meetings were held during the financial year ended 31^stMarch, 2024 on the
following dates:

b. DIRECTOR RESPOSNSIBILITY STATEMENT:

Pursuant to Section 134(3)(c) & 134(5) of the Companies Act, 2013, the Board of Directors of the
Company hereby confirm that:

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

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 profit and loss of the
company for that period;

c) the directors had 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.

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

c. RETIREMENT BY ROTATION:

In accordance with the provisions of the Companies Act, 2013 and in terms of the Memorandum
and Articles of Association of the Company, Provisions of retire by rotation of Directors is
applicable to the Company, however both the directors liable for rotation are liable for re¬
appointment in this ensuing annual general meeting, therefore no rotation is taken in the 12 ^th
AGM of the company.

d. CHANGES IN BOARD OF DIRECTORS & KEY MANAGERIAL PERSONNEL:

Following changes were occurred during the year in the composition of board of directors and
Key Managerial Personnel:

e. BOARD EVALUATION:

Pursuant to the provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure
Requirements) Regulations 2015, had adopted a formal mechanism for evaluating its own
performance and as well as that of its committee and individual Directors, including the chairperson
of the Board. The Exercise was carried out through a structured evaluation process covering the
various aspects of the Board's functioning such as composition of board & committees, experience &
competencies, performance of specific duties & obligations, governance issues etc.

The evaluation of the independent Directors was carried out by Board, except the independent
Director being evaluated and the chairperson and the non-independent Directors were carried out
by the independent Directors.

f. REMUNERATION POLICY:

The Board has on the recommendation of the Nomination & Remuneration Committee, formulated
criteria for determining, qualifications, positive attributes and independence of a director and also a
policy for remuneration of directors, key managerial personnel and senior management. The policy is
available at the website of company at https://ascensiveeducare.com/User/index

g. DECLARATION BY INDEPENDENT DIRECTORS:

Your Company had received declarations from all the Independent Directors of the Company
confirming that they meet with the criteria of independence as prescribed both under sub-section (6)
of Section 149 of the Companies Act, 2013 along with Rules framed thereunder and Regulation
16(1)(b) of the SEBI Listing Regulations. There has been no change in the circumstances affecting
their status as independent directors of the Company.

Independent Directors are familiarized with their roles, rights and responsibilities as well as with the
nature of industry and business model through induction program at the time of their appointment
as Directors and through presentations on economy & industry overview, key regulatory
developments, strategy and performance which are made to the Directors from time to time.

25. PARTICULARS OF CONTRACTS WITH RELATED PARTIES:

All related party transactions that were entered into during the financial year were on an arm's
length basis and were in the ordinary course of business. There are no materially significant related
party transactions made by the company with related parties which may have potential conflict with
the interest of the company at large. Your directors draw your attention to notes to the financial
statements for detailed related parties' transactions entered during the year.

Accordingly, as per third proviso to Section 188(1) of the Act, required approvals of the Board or
Members/ Shareholders have been obtained for such transactions. However, as part of good
corporate governance, all related party transactions covered under Section 188 of the Act are
approved by the Audit committee.

The form AOC- 2 is attached as Annexure - B with this report.

26. CORPORATE GOVERNANCE:

As per regulation 15(2) of the Listing Regulation, the Compliance with the Corporate Governance
provisions shall not apply in respect of the following class of the Companies:

a. Listed entity having paid up equity share capital not exceeding INR 10 Crore and Net worth not
exceeding INR 25 Crore, as on the last day of the previous financial year;

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

Since, our Company falls in the ambit of aforesaid exemption (b); hence compliance with the
provisions of Corporate Governance shall not apply to the Company and it does not form the part of
the Annual Report for the financial year 2023-24.

27. MANAGEMENT DISCUSSION AND ANALYSIS:

The Management Discussion and Analysis as required in terms of the Listing Regulations is annexed
to the report as Annexure -C and is incorporated herein by reference and forms an integral part of
this report.

28. PARTICULARS OF EMPLOYEES:

Disclosure under the provisions of Section 197 of the Companies Act, 2013 read with Rule 5 of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014:

a) The ratio of the remuneration of each director to the median remuneration of the employees of the
Company for the financial year.

b) The percentage increase in the remuneration of each director, Chief Executive Officer, Chief
Financial Officer and Company Secretary, if any in the financial year.

c) The percentage increase in the median remuneration of employees in the financial year.

- Median Remuneration of employees is not increased during the F.Y. 2023-24.

d) The number of permanent employees on the roll of the Company as on 31.03.2024.

- 92 (Ninety-two)

e) Average percentile increases already made in the salaries of employees other than the
managerial personnel in the last financial year and its comparison with the percentile increase in
the managerial remuneration and justification thereof and point out if there are any exceptional
circumstances for increase in the managerial remuneration.

- Average Remuneration of employees is not increased during the F.Y. 2023-24 however, there is
an increase in the managerial remuneration given to directors as the company is listed on the
stock exchange, majority of the responsibilities are imposed on them and to compensate the
same, the managerial remuneration have been increased.

f) Affirmation that the remuneration is as per the remuneration policy of the company.

- The Company's remuneration policy is driven by the success of the Company during the year
under review. The Company affirms that the remuneration is as per remuneration policy of the
Company.

g) The names of the top ten employees in terms of remuneration drawn:

h) The name of every employee, who:

1.) Employed throughout the financial year, was in receipt of remuneration for that year which,
in the aggregate, was not less than One Crore and Two Lakh Rupees: NIL

2. ) Employed for a part of the financial year, was in receipt of remuneration for any part of that
year, at a rate which, in the aggregate, was not less than Eight Lakh and Fifty Thousand Rupees
per month: NIL

3. ) Employed throughout the financial year or part thereof, was in receipt of remuneration in
that year which, in the aggregate, or as the case may be, at a rate which, in the aggregate, is in
excess of that drawn by the managing director or whole-time director or manager and holds by
himself or along with his spouse and dependent children, not less than two percent of the
equity shares of the company: NIL

29. COST AUDITORS:

The section 148 read with Companies (Audit & Auditors) Rules, 2014 and other applicable
provisions, if any, of the Companies Act, 2013 are not applicable to the Company Hence, the
Board of Directors of your company had not appointed Cost Auditor for obtaining Cost
Compliance Report of the company for the financial year 2023-24.

30. DISCLOSURES WITH RESPECT TO DEMAT SUSPENSE ACCOUNT/ UNCLAIMED SUSPENSE
ACCOUNT:

a. aggregate number of shareholders and the outstanding shares in the suspense account lying
at the beginning of the year: Nil

b. number of shareholders who approached listed entity for transfer of shares from suspense
account during the year: Nil

c. number of shareholders to whom share were transferred from suspense account during the
year: Nil

d. aggregate number of shareholders and the outstanding shares in the suspense account lying
at the end of the year: Nil

e. voting rights on shares which remain frozen till the rightful owner of such shares claims the
shares: Nil

31. COMPLIANCE OF APPLICABLE SECRETARIAL STANDARDS:

The Company has complied with the provisions of Secretarial Standards (I & II) issued by the
Institute of Company Secretaries of India and approved by the Central Government under
section 118(10) of the Companies Act, 2013.

32. PREVENTION OF INSIDER TRADING:

Your company has adopted the “Code of Conduct on Prohibition of insider trading “and “Code of
Conduct for Directors and Senior Management Personnel” for regulating the dissemination of
Unpublished Price Sensitive Information and trading in security by insiders.

33. INDUSTRIAL RELATIONS (HUMAN RESOURCES):

During the period under review, the personal and industrial relations with the employees
remained cordial in all respects. The management has always carried out systematic appraisal

of performance and imparted training at periodic intervals. The Company recognizes talent and
has judiciously followed the principle of rewarding performance.

34. EMPLOYEES' STOCK OPTION PLAN

The Company has not provided stock options to any employee.

35. PREVENTION OF SEXUAL HARASSMENT AT WORKPLACE:

In order to prevent sexual harassment of women at work place a new act The Sexual
Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 has
been notified on 9th December, 2013. Under the said Act every company is required to set up an
Internal Complaints Committee to look into complaints relating to sexual harassment at work
place of any women employee.

The Company is committed to provide a safe and conducive work environment to its employees
during the year under review. The Company has adopted a policy for prevention of Sexual
Harassment of Women at workplace and has set up Committee for implementation of said
policy. During the year Company has not received any complaint of harassment.

36. INVESTOR GRIEVANCES REDRESSAL STATUS

During the Financial Year 2023-24, there were no complaints or queries received from the
shareholders of the Company. Company Secretary acts as the Compliance Officer of the
Company is responsible for complying with the provisions of the Listing Regulations,
requirements of securities laws and SEBI Insider Trading Regulations. The Investor can send
their query to compliance@aimetr.com

37. SEBI COMPLAINTS REDRESS SYSTEM (SCORES)

The investor complaints are processed in a centralized web-based complaints redress system.
The salient features of this system are centralized database of all complaints, online upload of
Action Taken Reports (ATRs) by the concerned companies and online viewing by investors of
actions taken on the complaint and its status. Your Company has been registered on SCORES
and makes every effort to resolve all investor complaints received through SCORES or
otherwise within the statutory time limit from the receipt of the complaint. The Company has
not received any complaint on the SCORES during financial year 2023-24.

38. DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE
INSOLVENCY AND BANKRUPTCY CODE, 2016:

There were no applications which are made by or against the company under The Insolvency
and Bankruptcy Code, 2016 during the year.

39. DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE
INSOLVENCY AND BANKRUPTCY CODE, 2016

There were no applications which are made by or against the company under The Insolvency
and Bankruptcy Code, 2016 during the year.

40. OTHER REGULATORY REQUIREMENT

The Company has been complied with all regulatory requirements of central government and
state government and there were no significant and material orders passed by the Regulators
or Courts or Tribunals during the year impacting the going concern status and the Company's
operations in future.

41. ACKNOWLEDGEMENTS

Your directors place on records their sincere thanks to bankers, business associates,
consultants, and various Government Authorities for their continued support extended to your
Companies activities during the year under review. Your directors also acknowledge gratefully
the shareholders for their support and confidence reposed on your Company.

Registered Office: FOR AND ON BEHALF OF THE BOARD OF DIRECTORS

Ascent Enclave 1110 Rasbihari Avenue, ASCENSIVE EDUCARE LIMITED

Fatokgora, Hooghly, Chandannagar,

West Bengal, India, 712136

Date: September 03, 2024 Sd/- Sd/-

Place: Hooghly ABHIJIT CHATTERJEE SAYANI CHATTERJEE

WHOLE TIME DIRECTOR & CEO MANAGING DIRECTOR

DIN: 06439788 DIN:06439804