Your Directors are pleased to present the 38^th Report together with
the Audited Statement of Accounts for the year ended 31^st March,
2025.

1. FINANCIAL RESULTS:

Material changes and commitments which have occurred after the
close of the year till the date of this report, which affect the financial
position of the Company are reported at appropriate places to this
report.

2. TRANSFER TO RESERVES:

For the period ended 31st March, 2025 the Company has not
transferred any sum to Reserve.

3. SHARE CAPITAL:

The Authorized Share Capital of the company as on 31st March,
2025 is Rs.75 crores divided into 7,50,00,000 Equity Shares of Rs.
10/- each. The Issued & Subscribed capital as on same date is Rs.
53, 11, 74,250 divided into 5, 31, 17,425 equity shares of Rs 10/-
each. Calls in arrears were Rs. 56.17 lacs. Paid up capital as on
31st March, 2025 remained Rs.5255.57 Lacs. During the year
under review the Authorized, Issued, Subscribed and Paid-up
capital of the company remained unchanged.

During the financial year, the Company initiated the process of
reclassifying certain entities from the 'Promoter' category to the
'Public' category, in accordance with Regulation 31A of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations,
2015. These entities either held no equity shares or held less than
1% of the Company's total shareholding.

The proposal for reclassification was approved by the Board of
Directors at its meeting held on 9th August, 2023 and an application
was subsequently submitted to BSE Limited on 18th August, 2023.

The following entities were considered for reclassification from the
'Promoter' category to the 'Public' category:

1. Apple Steels Private Limited

2. Chaturvedi Growth Funds Private Limited

3. Krishna Suppliers Private Limited

4. Maharshi Agro Private Limited

5. Manmohak Farm Products Private Limited

6. Marsh Energy Private Limited

7. Rainbow Multi Techs Private Limited

8. Soubhagya Finance Private Limited

9. Yamuna Estate Private Limited

10. Akhil Marketing Private Limited (22,597 shares of ATV)

11. Krishna Advisors Private Limited (54,222 shares of ATV)

12. Mamta Holdings Private Limited (20,035 shares of ATV)

BSE Limited granted its approval for the said reclassification on
18th June, 2024. Accordingly, Promoters holding zero holding and
less then 1% were moved to Public Category. These changes were
subsequently incorporated in all the filings with the BSE and
Regulatory authorities.

4. DIVIDEND:

The company has earned profits during the year; however, it would
like to retain the same for the growth of the company. Hence, the
company is not declaring the dividend for the current year.

5. OPERATION/ STATE OF COMPANY'S AFFAIRS:

Your Mathura plant is fully equipped to undertake fabrication of
critical equipment required in Chemical & Petro-
chemical/Hydrocarbon, Cement, Hydro Power, Steel, Sugar,
Desulfurization (FGD) and DeNOX system, Power Sectors and etc.

In order to enhance our machining capabilities for manufacture and
supply of critical equipment required for cement and Power sectors.
Company has installed some additional new machines and
replaced the old machines with new modern machines such as
welding, drilling, Grinding, Cutting machines etc.

The existing CNC Horizontal Boring Machine (Skoda make), which
has been retrofitted for enhanced functionality, is currently in
continuous operation. It is being effectively utilized for in-house
machining of various components related to cement plants, hydro
and power projects, and other heavy fabrication assignments. To
further improve its performance, the machine is scheduled for
comprehensive servicing and calibration by a specialized agency.
This initiative is aimed at enhancing operational speed, machining
accuracy, and overall efficiency in handling high-precision jobs.

Newly installed VTL (Vertical Turret Lathe) is continuously under
operation & the various cement, hydro, power plant equipment &
other heavy machining job are being machining in house.

Retro-Fitting of Tube Bending Machine: To align with projected
business opportunities and client expectations, ATV is undertaking
a comprehensive retro-fitting of its existing, non-operational tube
bending machine. The initiative follows strong assurance from a
key client regarding significant future orders for economizers,
superheaters, and other tube-based components upon
enhancement of this capability. The retro-fitting work, being carried
out by the Original Equipment Manufacturer (OEM), will include
critical mechanical and control system upgrades to restore the
machine to modern operational standards, thereby strengthening
our production capacity and responsiveness.

Our in-house developed Design and Engineering team is fully
operational, & giving their performance in meeting the eligibility
criteria required for participation in tenders floated from various
Companies & executing the engineering services (Drawing &
Design) for new awarded projects including ‘U' Stamp services.

Enlistment with EIL: Your Company has already been approved by
EIL for manufacturing & supplies for Carbon steel pressure vessels
up to 100 mm thickness and we are getting the business for
pressure vessels & other process equipment. This major milestone
has really paved the way for future growth in Oil & gas sector. We
are continuously bidding using the qualification criteria and getting
regular business from Chemical-petro chemical & refineries sector
etc.

Enlistment with PDIL: Your Company has successfully secured
approval and enlistment with PDIL as an approved manufacturer of
CS Pressure Vessels. This significant milestone is expected to
pave the way for receipt of future enquiries and orders, particularly
from the fertilizer and allied sectors. In view of the numerous
upcoming fertilizer projects across India, ATV is actively pursuing
an enhancement of its approval scope across additional
categories, thereby positioning itself to cater to a broader range of
engineering and fabrication requirements.

Future Business Outlook

We are expecting approx. Rs. 100 Crores orders in the financial
year of 2025-26 for manufacturing of various equipment from the
clients namely M/s L&T, M/s ISGEC, M/s. Voith, M/s Andritz Hydro
Pvt. Ltd., M/s FL Smidth Private Limited, M/s Humboldt Wedag
India Pvt Ltd. M/s SAEL & M/s Thyssen/NRL, PP Boiler, Thermo
Fab, Gramp Enviro Solutions Pvt. Ltd, IOCL, GAIL, Kemcco, Power
Machine- Hydro etc.

New business development:

Management is planning to retrofitted / replace the old machinery at
our plant as the existing machines are 30/40 years old and to be at
par in the global market, discussion with the technical staff and the
consultant are going on.

Your company has been contacting several industries in the field of
cement for new contracts. Your company, after obtaining RDSO
approval for fabrication of heavy steel Girders, railway bridges for
the railway are negotiating with several companies for fabrication of
railway bridges.

Your company is in discussion and expecting few orders in the field
of Steel & Power. We are exploring various options for tie up with a
technology provider for ethanol for Indian and African markets to
execute project in India and Africa. Indian government policy to
increase ethanol blending from existing approx. 5 to 20% will
generate lot of business in this sector.

Tie up with Engineering Consultant like Korus engineering
solutions may also open a lot of business opportunities for ATV
projects by joint bidding for EPC projects in steel sector.

Your company to expand its business in the EPC projects of boilers.
By tying up with M/s Avant Garde System & Controls Pvt Ltd, you
are able to offer a wide range of services that includes design,
manufacturing, supply, installation, erection, and commissioning.
This will enable you to provide turnkey solutions to your clients,
which can be very attractive to them. The fact that the scope of the
tie-up covers different industries such as sugar, distillery, steel,

power, chemical, petrochemical, food processing, co-generation
plant, waste-to-energy, and textile projects is an advantage as it
opens up multiple business opportunities for your company. You
can leverage this opportunity to achieve significant growth and
success in the EPC projects of boilers.

Your company is already enlisted in Engineers India Limited for
manufacturing & supply of Carbon Steel Pressure Vessels up to
100 mm thickness and now ATV is planning to enhance the
approval in various categories like Heat Exchangers & Stainless
Steel Vessels etc.

Your company has expanded its business in the static equipment by
increasing its capacity & quality for manufacturing and supply of
Pressure Vessels of higher thickness ranges by obtaining the
ASME U, S & R Stamps Certification. Obtaining the ASME U, S & R
Stamp Certification certainly has opened up new opportunities for
your company and helped to attract more customers who require
pressure vessels that meet ASME standards. We have started
getting business with ASME Stamp certification.

6. MANAGEMENT:

Company is managed by well qualified, experienced professionals
guided by the Board of Directors.

7. BOARD OF DIRECTORS:

The Board is duly constituted having combination of Executive and
non Executive Directors.

During the year under review,

Mr. M. V. Chaturvedi, Chairman (DIN: 00086331) is the Permanent
Director.

Mr. K.S. Nalwaya (DIN: 01259966) is the Independent Directors of
the Company.

Mr. Arun Kumar Sharma (DIN: 09247743) who was appointed as a
Whole Time Director in the Annual General meeting on 10th August,
2022 for a term of three years will be completing his tenure as a
Whole Time Director. Based on recommendations of Nomination
and Remuneration Committee in its meeting held on 19th July,2025
and the Board of Directors at their meeting held on 19th July, 2025
recommended, re-appointment of Mr. Arun Kumar Sharma (DIN:
09247743) as a Whole Time Director for a second term of 5 years,
consent of shareholders by way of special resolution is proposed in
the 38th Annual General Meeting of the Company.

Mrs. Payal Sanghavi (DIN-08133682) who was appointed as an
Independent Woman Director in the Annual General meeting on
10th August, 2022 for a term of three years will be completing her
tenure as an Independent Woman Director. Based on
recommendations of Nomination and Remuneration Committee in
its meeting held on 19th July,2025 and the Board of Directors at
their meeting held on 19th July, 2025 recommended, re¬
appointment of Mrs. Payal Sanghavi (DIN-08133682) as an
Independent Woman Director for a second term of 5 years, consent
of shareholders by way of special resolution is proposed in the 38th
Annual General Meeting of the Company.

Mrs. Deepa Rai (DIN- 09373145) who was appointed as an
Independent Director in the Annual General meeting on 10th
August, 2022 for a term of three years will be completing her tenure
as an Independent Director. Based on recommendations of -

Nomination and Remuneration Committee in its meeting held on
19th July, 2025 and the Board of Directors at their meeting held on
19th July, 2025 recommended, re-appointment of Mrs. Deepa Rai
(DIN- 09373145) as an Independent Director for a second term of 5
years, consent of shareholders by way of special resolution is
proposed in the 38th Annual General Meeting of the Company.

Mr. Harish Chandra Gupta (DIN: 02237957), is a Non-Executive
Director will retire by rotation in this Annual General Meeting. Being
eligible, he offers himself to be reappointed as Director.

During the year Mr. H. P. Sharma ceased to be an Independent
Director of the Company due to his sad demise on 24th August,
2024.

Mrs. Pooja Bagwe has resigned from the position of Whole Time
Director and Company Secretary of the Company w.e.f. from 25th
December, 2024, and Mrs. Sarada Patro has been appointed as a
Company Secretary w.e.f. 11th February, 2025.

Mr. Rakesh Tiwari (DIN- 10805204) who has been appointed as
Additional Director with effective from 26th October, 2024
designated as Independent Director. As per SEBI LODR, 2015 Mr.
Rakesh Tiwari (DIN- 10805204) appointment has been regularized
through Postal Ballot on 17th January, 2025.

The Company has received declaration from Independent
Directors that they meet the criteria of independence as prescribed
under subsection (6) of Section 149 of the Companies Act and
Regulation16(1)(b) of the Securities Exchange Board of India
(Listing Obligation and Disclosure Requirements) Regulations,
2015

None of the Directors of the company are disqualified for being
Directors as specified 164 under Section of the Companies Act,
2013. Report from Independent Company Secretary in Practice is
attached as Annexure-3.

During the year, the Company has replaced the existing Articles of
Association with a new set of Articles of Association through postal
ballot to align with the Companies Act, 2013 and other applicable
provisions and notifications/enactments thereof.

8. MEETINGS OF THE BOARD AND COMMITTEE HELD
DURING THE YEAR:

A. BOARD MEETINGS:

During the year, five board meetings were convened and held, the
details of which are given in the Corporate Governance Report.

B. COMMITTEE MEETINGS:

For the details of Composition of the Committees viz. Audit
Committee, Stakeholders' Relationship Committee, Nomination
and Remuneration Committee and Corporate Social Responsibility
Committee and details of the number of meetings held of each
committee, kindly refer to the report on Corporate Governance.

All the recommendations made by the Audit Committee,
Stakeholders' Relationship Committee, Nomination and
Remuneration Committee and Corporate Social Responsibility
Committee were accepted by the Board.

C. MEETING OF INDEPENDENT DIRECTORS:

The Independent Directors of the Company met during the year on
11th February 2025. The details of which are given in the Corporate
Governance Report.

All Independent Directors have given declarations that they meet
the criteria of independence as laid down under Section 149(6) of
the Companies Act, 2013 and SEBI (LODR) Regulations 2015 and
amendments thereof.

9. PERFORMANCE EVALUATION OF THE BOARD AND
INDIVIDUAL DIRECTORS:

For details of the annual evaluation of the performance of the board,
its Committees and of individual directors and Committee, kindly
refer to the report on Corporate Governance.

10. COMPANY'S POLICY RELATING TO DIRECTORS'
APPOINTMENT, PAYMENT OF REMUNERATION AND
DISCHARGE OF THEIR DUTIES:

The Board has duly approved and adopted a policy viz. “Policy for
Remuneration of the Directors, Key Managerial Personnel and
other Employees” recommended by the Nomination and
Remuneration Committee relating to appointment of Directors/ Key
Managerial Personnel/ other employees, payment of remuneration
to directors/ Key Managerial Personnel/ other employees, Directors
qualifications, positive attributes, Independence of Directors and
other related matters as provided under the Companies Act, 2013.

All the remunerations to the directors/ Key Managerial Personnel/
employees are as per the Company's Policy viz. “Policy for
Remuneration of the Directors, Key Managerial Personnel and
other Employees”.

11. DIRECTOR'S RESPONSIBILITY STATEMENT:

In compliance with the Provisions of Section 134(5) of the
Companies Act, 2013, your Directors wish to place on record.

i) That in preparing the Annual Accounts, all applicable
accounting standards have been followed.

ii) That the accounting policies adopted are consistently
followed and the judgments and estimates made are
reasonable and prudent so as to give a true and fair view of
state of affairs of the Company at the end of the Financial Year
and of the Profit and Loss Account of the Company for the
Financial Year, under review.

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

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

v) That 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.

vi) That the Directors had devised proper system to ensure
compliance with the provisions of all applicable laws and that
such systems were adequate and operating effectively.

12. SECRETARIAL STANDARDS:

The Directors state that applicable Secretarial Standards, i.e. SS-1
and SS-2, relating to ‘Meetings of the Board of Directors' and
‘General Meetings', respectively, have been duly followed by the
Company.

13. CHANGE IN THE NATURE OF BUSINESS:

There were no changes in the nature of the business of the
Company during the period under review.

14. MATERIAL CHANGES AND COMMITMENTS AFFECTING
THE FINANCIAL POSITION OF THE COMPANY:

There were no material changes and commitments affecting the
financial position of the Company between the end of period to
which these financial statements relate and the date of this Report.

15. VIGIL MECHANISM:

Company has suitable vigil mechanisms to deal with the essence ol
fraud and mismanagement, if any. No personnel have been denied
access to the Audit Committee.

16. ANNUAL RETURN:

As required under Section 92(3) of the Companies Act 2013,
Annual Return of the Company is available on the website of the
Company at the weblink http://www. atvprojects.co.in/.

17. SUBSIDARIES, JOINT VENTURE AND ASSOCIATES
COMPANIES:

There are no subsidiaries, Joint Venture and Associates
Companies of ATV Projects India Limited.

18. INTERNAL AUDITOR:

In accordance with the provisions of Section 138 of the Companies
Act, 2013, the Company has appointed Mr. Shivkumar Sharma,
Chartered Accountant as an Internal Auditor who reports to the
Audit Committee. Quarterly internal audit reports are submitted to
the Audit Committee, which reviews the audit reports and suggests
necessary action.

Mr. Shivkumar Sharma & Associates, Chartered Accountants, are
appointed as Internal Auditor w.e.f. 28th May, 2025 for the financial
year 2025-26.

19. STATUTORY AUDITORS:

At the 35th Annual General Meeting of the Company held on 10th
August, 2022 the members approved appointment of M/S. RHAD &
Co. (FR No 102588W) Chartered Accountants for second term, as
Statutory Auditors of the Company to hold office for a period of five
years from the conclusion of 35th Annual General Meeting till the
conclusion of the 40th Annual General Meeting, subject to
ratification of their appointment by members at every Annual
General Meeting if so required by the Companies Act 2013. Vide
notification dated 7th May, 2018, the Ministry of Corporate Affairs
has done away with the requirement of seeking ratification of

members for appointment of auditors at every Annual General
Meeting. Accordingly, no resolution is proposed for ratification of
appointment of statutory auditors at the 38th Annual General
Meeting.

The comments by the Auditors in their Report are self-explanatory
and, on the opinion of the Board, do not require any further
clarifications.

The Auditor's Reports on the Financial Statements for the financial
year ended 31st March, 2025 does not contain any qualification,
reservation or adverse remark requiring any explanations /
comments by the Board of Directors.

The comments by the Auditors in their Report are self-explanatory
and, on the opinion of the Board, do not require any further
clarifications.

20. SECRETARIAL AUDITORS:

Pursuant to Regulation 24A(1) of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended, and in
compliance with SEBI's circular SEBI/HO/CFD/CFD-PoD-
2/CIR/P/2024/185 dated 31st December, 2024 read with the
applicable provisions of Companies Act, 2013 and other applicable
regulations/ notifications, Board of Directors has recommended
M/s ND and Associates, Company Secretary in practice (COP No:
4741) as the Secretarial Auditor of the Company for a period of five
consecutive years, from the conclusion of the ensuing Annual
General Meeting till the conclusion of the 43rd Annual General
Meeting subject to the approval of Shareholders in the ensuing
Annual General Meeting of the Company on such terms and
remunerations as may be mutually agreed upon between the said
secretarial auditor and Board of Directors of the Company.

The Report of the Secretarial Auditor for the financial year ended
31st March 2025 is annexed as “Annexure - 1”.

The comments by the Auditors in their Report are self-explanatory
and, on the opinion of the Board, do not require any further
clarifications.

21. CORPORATE GOVERNANCE:

Your company adheres to all the requirements of the Corporate
Governance both in letter and spirit. Your company is complying
with the conditions as prescribed under Regulation 72 and 27 of
SEBI LODR 2015. Code of Conduct as applicable to the directors,
Key Managerial Personnel and the senior management personnel
has also been put in place. Your company continues to maintain an
internal control system headed by an Internal Audit Team and which
the Audit Committee continuously reviews.

The Company submits on quarterly basis, a compliance report on
corporate governance in the format prescribed by the Securities
and Exchange Board of India, within the statutory period, from the
close of the quarter with the Stock Exchanges. The said report is
placed before the Board every quarter at its subsequent meeting,
for its noting and comments/observations/advice, if any.

A separate section on Corporate Governance and a certificate from
the Auditors confirming compliance with the Corporate Governance
requirements as stipulated in Regulation 72 and 27 of SEBI (LODR)
Regulations, 2015 entered with the Stock Exchanges, form part of
this Annual Report.

There were no Cyber Crime incidents during the year.

22. WELLBEING OF WOMEN:

A. POLICY ON PREVENTION OF SEXUAL HARASSMENT
AT WORKPLACE:

The Company has in place a Prevention of Sexual Harassment
Policy in line with the requirements of The Sexual Harassment of
Women at the workplace (Prevention, Prohibition & Redressal) Act,
2013, An Internal Complaints Committee has also been set up to
redress complaints received on sexual harassment. All employees
(Permanent, contractual, temporary, trainees) are covered under
this policy. Your directors state that during the year under review,
there were no cases filed pursuant to the Sexual Harassment of
Women at Workplace (Prevention, Prohibition and Redressal) Act,
?rm

B. During the year, the Company has complied with the
provisions relating to Maternity Benefit Act, 1961 and rules
thereof.

23. INTERNAL FINANCIAL CONTROLS WITH REFERENCE
TO FINANCIAL STATEMENTS:

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

24. EMPLOYEE RELATIONS:

Your Directors wish to place sincere thanks to all the employees
and officers for their cordial relations and valuable services, which
continued to be rendered by them to the Company.

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

The Company continues to economies in every sphere including
that of power and fuel by avoiding all wasteful expenditure and
cutting costs. The company has already done feasibility for
installing solar energy system to reduce direct energy cost and
taking suitable action in this direction. Technology improvement
also has been made at Mathura factory by changing the quality of
electrode and upgradation of welding rectifiers.

The company has not received any foreign exchange and there
was no outflow of foreign exchange during the year except foreign
travelling.

26. DEMATERIALISATION OF SHARES:

The Company has entered into agreements with both National
Securities Depository Limited (NSDL) and Central Depository -

Services Limited (CDSL) whereby the shareholders have an option
to dematerialize their shares with either of the Depository. As on
31st March, 2025 a total of 68.73% of the equity share of the
company has been dematerialized.

27. LISTING OF SHARES AT BSE:

Shares of the company are listed on the Bombay Stock Exchange
and are being traded there.

28. RELATED PARTY TRANSACTIONS:

In line with the requirements of the Companies Act, 2013 and Listing
Regulations, the company has formulated a Policy on Related Party
Transactions is available at http://www.atvprojects.co.in/. All related
party transactions that were entered into during the Financial Year
2024-2025 were on an arm's length basis and were in the ordinary
course of business. All Related Party Transactions have been
placed before the Audit Committee and also the Board for their
approval.

The Form AOC - 2 pursuant to Section 134(3) (h) of the Companies
Act, 2013 read with Rule 8(2) of the Companies (Accounts) Rules,
2014 is set out as “Annexure -2”.

29. PARTICULARS OF LOANS, GUARANTEES OR
INVESTMENTS:

There were no loans, guarantees or investments made by the
Company pursuant to the provisions of the Section 186 of the
Companies Act, 2013 during the year under review.

30. RISK MANAGEMENT POLICY AND ADEQUACY OF
INTERNAL FINANCIAL CONTROLS:

Pursuant to section 134 (3) (n) of the Companies Act, 2013, the
Company has developed a Risk Management Policy to identify the
elements of risk, if any, which may threaten the existence of the
Company.

The Company has in place a mechanism to identify, assess,
monitor and mitigate various risks to key business objectives. Major
risks identified by the businesses and functions are systematically
addressed through mitigating actions on continuing basis. These
are discussed at the meetings of the Audit Committee and the
Board of Directors of the Company.

At present the Company has not identified any element of risk,
which may threaten the existence of the Company.

The Company's internal control systems with reference to the
Financial Statements are adequate and commensurate with the
nature of its business and the size and complexity of its operations.
These are routinely tested by Statutory as well as Internal Auditors.

Significant audit observations, if any and follow up actions thereon
are reported to the Audit Committee.

31. COST RECORDS:

The Company has proper maintenance of cost records as specified
by the Central Government under sub section (1) of 148 of the
Companies Acts, 2013 and proper accounts and records are being
maintained.

32. CORPORATE SOCIAL RESPONSIBILITY (CSR):

Corporate Social Responsibility Committee comprises of Three
Director, Mr. M. V. Chaturvedi, Chairman. Mr. K. S. Nalwaya and
Mrs. Payal Sanghavi as its Members. The Composition of CSR
Committee is in accordance with the provisions of Section 135 of
the Companies Act, 2013 and the Companies (Corporate Social
Responsibility Policy) Rules, 2014.

The Company had average net profit of Rs. 425.61 lacs for last
immediately preceding three financial years and two percent of the
average net profits of your Company is Rs. 8.51 Lacs.

Your Company, during the year 2024-2025 spent total CSR
contribution of Rs. 9.12 Lacs for distribution of Desk & Benches at
various schools in Mathura district and constructions of rooms in
Janaki Bai Girls School in Mathura, Uttar Pradesh, under Corporate
Social Responsibility (CSR) activity.

The Annual Report on CSR Activities for the Financial Year ended
31st March 2025 is annexed as “Annexure - 4”.

33. SIGNIFICANT ORDERS PASSED BY REGULATORS OR
COURTS OR TRIBUNAL:

There is no significant material orders passed by the
Regulators/Courts/Tribunals which would impact the going concern
status of the Company and its future operations.

34. GENERAL:

Your directors 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:

a. Details relating to deposits covered under Chapter V of the
Act.

b. Issue of equity shares with differential rights as to dividend,
voting or otherwise.

c. Issue of shares (Including Sweat Equity Shares) to
employees of the Company under any Scheme.

Our website is http://atvprojects.co.in/ copy of the annual return is
placed on our website.

35. ACKNOWLEDGMENT:

Your Directors gratefully acknowledge the continuing faith and
support extended by the Central Government, State Government,
Banks, Financial Institutions, Shareholders, Creditors, Staff,
workers and Others who have supported the Company and hope to
receive their continued support.

For and on behalf of the Board of Directors

Date: 19.07.2025 M. V. CHATURVEDI

Place: Mumbai Chairman

(DIN: 00086331)