The Directors present their 39 (Thirty Nineth) Annual Report and Audited Statement of
Accounts for the year ended 31st March, 2024.

FINANCIAL RESULTS:

The accounts for the year under review reflect a profit of Rs. 32.38 Lakhs. The Directors propose
to appropriate the same as under:

(In Lakhs except EPS)

DIVIDEND:

The Directors in order to conserve the funds of the Company do not recommend any dividend for
the year under review.

STATE OF COMPANY'S AFFAIR AND FUTURE OUTLOOK:

Your Company plans to take the performance to the next level by adopting modern ways and
hence your Directors are confident of achieving better working results in the coming years.

EXTRACT OF ANNUAL RETURN:

As per the requirements of section 92(3) ofthe Act and Rules framed thereunder, the extract ofthe
Annual Return for the financial year 2023-24 is available on the website of the company at
www.bajajgloballtd.com.

NUMBER OF BOARD MEETINGS:

During the Financial Year 2023-24, Nine (9) meetings of the Board of Directors of the Company
were held i.e. on 21st April 2023, 19th May 2023, 25th May 2023, 10th August 2023, 01st
September 2023, 07th November 2023, 09th November 2023, 03rd January 2024 and 12th
February 2024.

SEPARATE MEETING OF INDEPENDENT DIRECTORS:

During the year under review, a separate meeting of Independent Directors without the
attendance of Non-Independent Directors and members of the Management, was held on 20th
Day of March, 2024, as required under Schedule IV of the Companies Act, 2013 (Code for
Independent Directors) read with Regulations 25(3) of the SEBI (Listing Obligation &
Disclosure Requirements) Regulations, 2015.

The Independent Directors inter-alia reviewed the performance of the Non-Independent
Directors, Chairman ofthe Company and the Board as a whole.

DECLARATION BY INDEPENDENT DIRECTORS:

The Company has received necessary declarations from all the Independent Directors of the
Company under Section 149(7) of the Companies Act, 2013, confirming that they meet the
criteria of Independence laid down in Section 149(6) ofthe Companies Act, 2013.

DIRECTORS' RESPONSIBILITY STATEMENT:

In accordance with the provisions of Section 134(5) ofthe Companies Act, 2013,

Your Directors confirm that:

i) In the preparation of Annual Accounts for the financial year ended March 31st, 2024, the
applicable accounting standards have been followed along with proper explanation relating
to material departures.

ii) The Directors have selected such accounting policies and applied them consistently and
made judgements 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 ofthe Company for that period.

iii) The Directors have taken proper and sufficient care toward the maintenance of adequate
accounting records in accordance with the provisions of this Act for safeguarding the assets
ofthe Company and for preventing and detecting fraud and other irregularities.

iv) The Annual Accounts have been prepared on a going concern basis.

v) The Directors have laid down internal financial controls, which are adequate and are
operating effectively.

vi) The Directors have devised proper systems to ensure compliance with the provisions of all
applicable laws and such systems are adequate and operating effectively.

DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SECTION
143(12):

During the year under review, there were no frauds reported by the Statutory Auditors to the Audit
Committee ofthe Board under section 143(12) ofthe Companies Act, 2013.

PUBLIC DEPOSITS:

The company being a Non-Banking Finance Company has not accepted any deposits from the
public during the year under review and shall not accept any deposits from the public without
obtaining prior approval of RBI.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED
PARTIES:

There are no related party transactions as referred under Section 188(1) of the Companies Act,
2013 for the Financial Year 2023 - 24.

SECRETARIAL AUDITOR:

The Board of Directors ofthe Company has appointed M/s. More Daliya & Associates, Practicing
Company Secretaries, Nagpur, to conduct Secretarial Audit for the Financial Year 2023-24. The
Secretarial Audit Report for the Financial Year ended on March 31, 2024 is annexed herewith to
this Report. The said report does not contain any qualification, reservation or adverse remark by
the Secretarial Auditor.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

Particulars of loan, guarantee and investments, if any covered under Section 186 of the
Companies Act, 2013 are given in notes to the Financial Statements provided in this Annual
report.

CORPORATE SOCIAL RESPONSIBILITY POLICY:

Your Directors informed that the Company is not required to abide the provisions of Section 135
of the Companies Act, 2013 and Rules made thereunder and Regulation 15(2) of SEBI (Listing
Obligation & Disclosure Requirement) Regulations 2015 in relation to the Corporate Social
Responsibility as the Company is not covered under any of the conditions / criteria mentioned
under Section 135 of the Companies Act, 2013 and SEBI (Listing Obligation & Disclosure
Requirement) Regulations 2015.

BOARD EVALUATION:

The Companies Act 2013 states that a formal annual evaluation needs to be made by the Board
and Schedule IV of the Companies Act 2013 states that the performance evaluation of
Independent Directors shall be done by the entire Board of Directors, excluding the Director
being evaluated. The evaluation of all the Directors and the Board as a whole was being
conducted.

AUDIT COMMITTEE:

In terms of Section 177 ofthe Companies Act, 2013 read with Rule 6 ofthe Companies (Meetings
of Board and its Powers) Rules, 2014, the Audit Committee of the Board of Directors consisting
of below mentioned Independent Directors:

(i) Mr. Akshay Ranka (DIN: 00235788) - Chairman (Independent Director)

(ii) Dr. Mahendra Kumar Sharma (DIN: 00519575) - Member (Independent Director)

(iii) Smt. Suneet Menon (DIN: 07087748) - Member (Independent Director)

As a practice of good Corporate Governance, all the recommendations made by the Audit
Committee were accepted by the Board.

NOMINATION & REMUNERATION COMMITTEE:

In terms of Section 178 ofthe Companies Act, 2013 read with Rule 6 ofthe Companies (Meetings
of Board and its Powers) Rules, 2014, the Company has constituted Nomination & Remuneration
Committee ofthe Board of Directors consisting of below mentioned Independent Directors:

(i) Mr. Akshay Ranka (DIN: 00235788) - Chairman (Independent Director)

(ii) Dr. Mahendra Kumar Sharma (DIN: 00519575) - Member (Independent Director)

(iii) Smt. Suneet Menon (DIN: 07087748) - Member (Independent Director)

As a practice of good Corporate Governance.

VIGIL MECHANISM:

The Vigil Mechanism of the Company, which also incorporates a whistle blower policy in terms
of Section 177(9) of the Companies Act, 2013 and Regulation 22 of SEBI (Listing Obligation &
Disclosure Requirement) Regulations, 2015, includes an Ethics comprising senior Executives of
the Company. Protected disclosures can be made by a whistle blower through an e-mail or letter.
The policy on vigil mechanism may be accessed on the Company's website at
www.bajajgloballtd.com.

CODE OF CONDUCT:

Your Directors informed that pursuant to provisions of Regulation 17(5) of SEBI (Listing
Obligation & Disclosure requirement) Regulations, 2015 every Listed Company is under an
obligation to adopt a policy on Code of Conduct for all the Members of the Board of Directors and
Senior Management. As per the said Regulation, the Board of Directors adopted the Policy on
code of conduct for all the Members of Board of Directors and Senior management of the
Company.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, RESEARCH AND
DEVELOPMENT:

Your Directors are of the opinion that with respect to conservation of energy and technology
absorption as prescribed under Section 134(3)(m) of the Companies Act 2013 read with the
Companies (Accounts) Rules, 2014 are not relevant in view of the nature of business activities of
the Company and hence, are not required to be given.

FOREIGN EXCHANGE EARNINGS AND OUTGO:

During the year under review, there is no foreign exchange earnings, outgo and expenditure.
DIRECTORS:

In view of the provisions of the Companies Act, 2013, Shri Monal Malji (DIN 00511813) retires
from the Board by rotation this year and being eligible, offers himself for re-appointment.

Apart from the above, there is no change as regard to the Directorship of the Company.

KEY MANAGERIAL PERSONNEL:

Appointment of Company Secretary:

During the year under review Ms. Siddhi Sanjay Kashikar was appointed as Company Secretary
and Chief Financial Officer under the provisions of Companies Act, 2013 and Compliance
Officer under the terms of Regulation 6(1) of SEBI (LODR) Regulations 2015, w.e.f., 21st April,
2023.

However, Ms. Siddhi Sanjay Kashikar later resigned as the Company Secretary, Chief Financial
Officer and Compliance Officer w.e.f. 07th November, 2023. The requisite forms were filed to
give effect to this under the Provisions of Companies Act, 2013 and timely intimation in respect
of the same was also given to Stock Exchange under the terms of SEBI (LODR) Regulations
2015.

For the Financial Year 2023-24, the company went on to appoint Ms. Shilpi Biswas as the
Company Secretary, Chief Financial Officer (Key Managerial Personnel) under the provisions of
Companies Act, 2013 and Compliance Officer under the terms of Regulation 6(1) of SEBI
(LODR) Regulations 2015, w.e.f. 03rd January, 2024.

LISTING OF SHARES:

The Shares of the Company continued to be listed on the Stock Exchange, Mumbai. The
Company has paid the annual listing fee for the financial year 2023-24.

The Equity Shares of the Company has the Electronic connectivity under ISIN No.
INE552H01015. To provide service to the Shareholders, the Company has appointed M/s. Adroit
Corporate Services Private Limited, 1st Floor, 19, Jaferbhoy Industrial Estate, Makwana Road,

Marol Naka, Mumbai-400059 as Registrar and Transfer Agent of the Company for existing
physical based and allied Secretarial Services for its Members / Investors and for Electronic
Connectivity with NSDL and CDSL.

APPLICATION FOR VOLUNTARY DELISTING:

The members of the company, through a special resolution passed through Postal Ballot dated
21st December 2023, have approved the proposal for voluntary delisting. The status of the del-
-isting is currently under processing.

STATUTORY AUDITORS AND AUDITORS' REPORT:

Pursuant to the provisions of section 139 of the Companies Act, 2013 and the rules made
thereunder, the auditors of the Company M/s VMSS & Associates, Chartered Accountants,
Kolkata (Firm Reg. No. 328952E), were appointed at the Annual General Meeting of Financial
Year 2021-22 by the shareholders for a term of 05 (Five) Years commencing from the conclusion
ofthe 37th Annual General Meeting till the conclusion ofthe 42nd Annual General Meeting.

PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE,
2016:

No application has been made under the Insolvency and Bankruptcy Code; hence the requirement
to disclose the details of application made or any proceeding pending under the Insolvency and
Bankruptcy Code, 2016 during the year along with their status as at the end ofthe financial year is
not applicable.

DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE TIME
SETTLEMENT AND VALUATION WHILE AVAILING LOAN FROM BANKS AND
FINANCIAL INSTITUTIONS:

During the year under review, there has been no one time settlement of loans taken from Banks
and Financial Institutions.

DETAILS OF SIGNIFICANT & MATERIAL ORDERS PASSED BY THE
REGULATORS OR COURT OR TRIBUNAL:

During the year under review, there are no orders passed by any authorities which impacts the
going concern status and company's operations in future.

INTERNAL FINANCIAL CONTROLS:

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

STATUTORY DISCLOSURES:

None of the Directors ofyour Company are disqualified as per the provisions of Section 164(2) of
the Companies Act, 2013. Your Directors have made necessary disclosures, as required, under
various provisions ofthe Companies Act, 2013 and SEBI LODR.

MATERIAL CHANGES AFFECTING THE FINANCIAL POSITION OF THE
COMPANY:

No material changes / events affecting the financial position of the Company occurred between
the end ofthe financial year 31st March, 2024 till date ofthis report.

ACKNOWLEDGEMENT:

Your Directors are grateful to Bankers for their continued support, co-operation and assistance
during the year. Your Directors express their thanks for the sincere and dedicated efforts put in by
the workers, staff and officers during the year.

For and on behalf of the Board
Bajaj Global Ltd.

Registered Office:

Imambada Road,

Nagpur-440018

(Maharashtra)

Akshay Ranka Monal Malji

Place: Nagpur Director Director

Dated: 05/09/2024 (DIN: 00235788) (DIN: 00511813)

Reshimbagh Square, Plot No. 6 122, Sai Ankur, Ramdaspeth

Ranka Colony, Vakilpeth, Shankar Nagar,

Hanuman Nagar, Nagpur-440009 Nagpur-440010