Your Directors have pleasure in presenting the 30^th ANNUAL REPORT together with the Audited Accounts
of the company for the financial year ended 31^st March, 2024.

1. FINANCIAL HIGHLIGHTS (Rupees in Lakhs)

2. STATE OF COMPANY'S AFFAIR

During the year under review, your company has achieved a total income of Rs. 2483.42 lakhs as against
previous year's income of Rs. 2682.93 Lakhs and recorded a net profit of Rs. 41.15 Lakhs for the financial
year 2023-24 when compared to a net profit of Rs. 58.95 lakhs during the previous year.

3. TRANSFER OF AMOUNT TO RESERVES

The Board of Directors do not propose to transfer any amount to the General Reserve for the Financial
Year ended March 31, 2024.

4. DIVIDEND

Your Directors do not recommend any Dividend for the Financial Year 2023-2024 as the profits are planned
to be ploughed back into the business operations.

5. DEPOSITS:

Company has neither accepted nor renewed any deposits falling within the provisions of Section 73 and 76
of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, 2014 from the its
member and public during the Financial Year 2023-2024.

6. LISTING OF EQUITY SHARES

The equity shares of the Company are listed on the trading platform of BSE Limited, a recognized stock
exchange having a nationwide trading terminal.

7. SHARE CAPITAL

There is no change in share capital:

s The company has not bought back any of its securities.

s The Company has not issued any Sweat Equity Shares.
s No Bonus shares were issued during the year.
s Company has not issued any Preference shares/Debentures.
s Has not provided any Stock Option Scheme

8. SUBSIDIARIES:

The Company does not have any Subsidiaries, Associates and Joint Ventures as on 31st March, 2024.

9. VARIATIONS IN NETWORTH:

The Standalone Net worth of the Company for the Financial Year ended March 31, 2024, is Rs. 1182.40
Lakhs as compared to Rs. 1048.01 Lakhs for the previous financial year ended March 31, 2023.

10. MEETINGS

During the year under review, Five board meetings were held on as follows,

11. BOARD EVALUATION

The Board of Directors evaluated the annual performance of the Board as a whole, its committee's and the
directors individually in accordance with the provisions of the Companies Act, 2013 and SEBI (LODR)
Regulations, 2015 in the following manner:

i. Structured evaluation forms, as recommended by the Nomination and Remuneration Committee, after
taking into consideration inputs received from the Directors, covering various aspects of the Board's
functioning such as adequacy of the composition of the Board and its Committees, Board culture,
execution and performance of specific duties, obligations and governance, for evaluation of the
performance of the Board, its Committee's and each director were circulated to all the members of the
Board along with the agenda papers.

ii. The members of the Board were requested to evaluate by filling the evaluation forms and the duly
filled in evaluation forms were required to be sent to the Company Secretary in a sealed envelope or
personally submitted to the Chairman at the concerned meeting.

iii. Based on the individual evaluation of the Directors, the Board initiated a detailed discussion at the
concerned meeting on the performance of the Board / Committee/Individual Director, and formulated
a final collective evaluation of the Board. The Board also provided an individual feedback to the
concerned director on areas of improvement, if any.

A separate meeting of Independent Directors was held on 13th February 2024 to evaluate the performance
evaluation of the Chairman, the Non Independent Directors, the Board and flow of information from
management.

12. MANAGEMENT DISCUSSION AND ANALYSIS

The Management Discussion and Analysis, as required under the Listing Regulations, forms an integral
part of this Report.

13. VIGIL MECHANISM

Pursuant to the provisions of section 177 (9) and read with all other applicable provisions of the Companies
Act, 2013 and the Companies (meetings of board and its powers) Rules, 2014 (including any statutory
modification(s) or re-enactment thereof for the time being in force) and SEBI (LODR)Regulations,2015 the
Company has a Whistle Blower Policy framed to deal with instance of fraud and mismanagement, if any in
the Group and also posted on the website of the Company.

14. REMUNERATION POLICY

The Board of Directors, on recommendation of the Nomination and Remuneration Committee framed a
Nomination and Remuneration policy for selection, appointment and remuneration of Directors, KMP and
Senior Management and matters covered u/s 178(3) of the Companies Act 2013.

15. DIRECTORS AND KEY MANAGERIAL PERSONNEL:

There is no change in Directros and KMP's During the year

In accordance with the provisions of the Companies Act, 2013 and the Articles of Association of the Company,
Mr. Sandeep peeti (DIN- 00751377) retires by rotation at the ensuing Annual General Meeting and being
eligible, offers himself for re-appointment and

16. DIRECTOR'S RESPONSIBILITY STATEMENT:

Pursuant to the requirement of Section 134(3) (c) of the Companies Act, 2013, and subject to disclosures
in the Annual Accounts, as also on the basis of the discussion with the Statutory Auditors of the Company
from time to time, and to the best of their knowledge and information furnished, the Board of Directors
states:

i. That in preparation of the Annual Accounts for the year ended 31st March, 2024; all the applicable
Accounting Standards Prescribed by the Institute of Chartered Accountants of India have been followed
along with proper explanation relating to material departures, if any.

ii. That the Directors have adopted such accounting policies, as selected in consultation with Statutory
Auditors, 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 of the Company for the financial year ended 31st March, 2024.

iii. That the Directors have taken proper and sufficient care for the maintenance of adequate accounting
records in accordance with the provisions of the Companies Act, 2013, for safeguarding the assets of
the Company and for preventing and detecting fraud and other irregularities.

iv. That the Annual Accounts for the year ended 31st March, 2024, has been prepared on a going concern
basis.

v. Those proper internal financial controls were in place and that the financial controls were adequate and
were operating effectively.

vi. That system to ensure compliance with the provisions of all applicable laws were in place and were
adequate and operating effectively.

17. STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTORS UNDER SECTION 149

The Independent Directors have submitted a declaration of independence, as required pursuant to sub¬
section (7) of Section 149 of the Companies Act, 2013 stating that they meet the criteria of independence as
provided in sub-section (6) of Section 149.

18. RISK MANAGEMENT

Pursuant to the provisions of section 134 (3) (n) and read with all other applicable provisions of the Companies
Act, 2013 and the Companies (Accounts) Rules, 2014 (including any statutory modification(s) or re-enactment
thereof for the time being in force) and SEBI (LODR) Regulations, 2015 the Risk management is Not
applicable to the company.

19. STATUTORY AUDITORS

Pursuant to the provisions of Section 139(2) of the Companies Act, 2013, M/s. MKPS & Associates, Chartered
Accountants, (Registration No. 302014E) Hyderabad, appointed as Statutory Auditors of the Company for
a period of 5 years to hold office from the conclusion of 28th Annual General Meeting till the conclusion of
33rd Annual General Meeting at such remuneration as decided by the Board. The Notes on Financial
Statements referred to in the Auditor's Report are self-explanatory and do not call for any further comments.
There are no qualifications in the report of the statutory auditors for the year 2023-24.

20. INTERNAL AUDITORS:

The Board of Directors based on the recommendation of the Audit Committee has reappointed MKA
Associates, Chartered Accountants, Hyderabad as the Internal Auditors of your Company. The Internal
Auditors are submitting their Reports on quarterly basis pursuant to the provisions of section 138 and rule
13 of Companies (Accounts) rules, 2014.

21. RELATED PARTY TRANSACTIONS

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 Promoters, Directors, Key Managerial Personnel or other designated persons
which may have a potential conflict with the interest of the Company at large.

The Policy on Related Party Transactions as approved by the Board is uploaded on the website of the
Company. The particulars of contracts or arrangements with related parties referred to in sub-section (1) of
Section 188 of the Companies Act, 2013 is referred in Notes to Accounts.

22. MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE
COMPANY

There have been no material changes and commitments affecting the financial position of the Company
which have occurred between the end of the financial year of the Company to which the financial statements
relate and the date of the report.

23. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186

The Company has not provided any loan to any person or body corporate or given any guarantee or
provided security in connection with such loan or made any investment in the securities of anybody corporate
pursuant to Section 186 of the Companies Act, 2013. The Company has given advance against salary to
some employees in terms of the applicable policies of the Company.

/-\

24. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS

AND OUTGO

A. Conservation of Energy: The present operation of the Company does not involve High-energy
consumption. However steps being taken to minimize energy consumption where-ever possible.

B. Research & Development: The Research and Development division of Spices oils And Oleoresins
department continues to focus on introducing of new brands.

C. Technology Absorption - Not Applicable

D. Foreign Exchange Earnings & Outgo: _{(Figures in Rs.)}

26. MANAGEMENT DISCUSSION AND ANALYSIS:

Aspects of Management Discussion and Analysis are enclosed as "Annexure-I" to this report.

27. CORPORATE GOVERNANCE:

Since the paid up capital of the Company is less than Rs.10 Crores and the net worth of the Company is
less than Rs. 25 Crores, the provisions of Regulations 17, 18,19, 20, 21,22, 23, 24, 25, 26, 27 and clauses
(b) to (i) of sub-regulation 2 of Regulation 46 and para C, D & E of Schedule V of the Securities Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, are not applicable to
the Company.

28. CORPORATE SOCIAL RESPONSIBILITY

Pursuant to the provisions of section 135 (1) and read with all other applicable provisions of the Companies
Act, 2013 and the Companies (Corporate social responsibility policy) Rules, 2014 (including any statutory
modification(s) or re-enactment thereof for the time being in force), Corporate Social Responsibility is Not
applicable to the Company.

29. SECRETARIAL AUDIT

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. P.S. Rao &
Associates, Company Secretaries to undertake the Secretarial Audit of the Company for the FY 2023-24,
is given in the FORM NO: MR - 3 is herewith annexed as "Annexure (II)" attached hereto and forms part
of this Report.

30. ANNUAL RETURN

The accordance with Section 134 (3) (a) of the Companies Act, 2013, a copy of Annual Return in the
prescribed format i.e., Form MGT -7 is placed on the website of the Company i.e., https://
peetisecuritieslimited.com.

31. PARTICULARS OF EMPLOYEES:

The information required pursuant to Section 197 (12) read with Rule 5 (1) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, in respect of employees of the Company is
herewith annexed as Annexure-III. In terms of Rule 5(2) of the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014, the Company does not have any employee who is employed

throughout the financial year and in receipt of remuneration of 102 Lakhs or more, or employees who are
employed for part of the year and in receipt of 8.5 Lakhs or more per month.

32. POLICY ON PREVENTION, PROHIBITION AND REDRESSAL OF SEXUAL HARASSMENT AT WORK
PLACE:

Your Company strongly supports the rights of all its employees to work in an environment, free from all
forms of harassment. The Company has adopted a Policy on Prevention, Prohibition and Redressal of
Sexual Harassment at workplace as per the provisions of the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013 and the Rules made thereunder. The policy aims to
provide protection to employees at the workplace and prevent and redress complaints of sexual harassment
and for matters connected or incidental thereto, with the objective of providing a safe working environment,
where employees feel secure. The Company has also constituted an Internal Committee, known as Anti
Sexual Harassment Committee to address the concerns and complaints of sexual harassment and to
recommend appropriate action.

The Company has not received any complaint on sexual harassment during the year.

33. COMPLIANCE WITH SECRETARIAL STANDARDS ON BOARD AND ANNUAL GENERAL
MEETINGS

During the year under review, the Company has complied with Secretarial Standards issued by the Institute
of Company Secretaries of India on Board Meetings and Annual General Meetings.

34. DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY
AND BANKRUPTCY CODE, 2016 (31 OF 2016) DURING THE YEAR ALONG WITH THEIR STATUS
AS AT THE END OF THE FINANCIAL YEAR:

No application was made or any proceedings pending under the IBC, 2016 during the year ended on 31st
March, 2024.

35. DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF
ONE-TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS
OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF.

Not Applicable

36. ACKNOWLEDGEMENTS:

Your Directors place on record, their appreciation for the co-operation and support from the Bankers,
Financial institutions, the Stockiest and Distributors, Supplier, and Customers. Your Directors would also
like to place on record their sincere appreciation and gratitude to the Shareholders, Central and State
Government Agencies etc for their support and co-operation. Your Directors express their heartfelt gratitude
to the employees for their exceptional commitment and loyalty to the company.

BY THE ORDER OF THE BOARD
PEETI SECURITIES LIMITED

Sd/- Sd/-

SANDEEP PEETI RAJESH PITTY

Chairman & Managing Director Wholetime Director & CFO

Place: Hyderabad ^DIN: ^{00751377 DIN}: ^00488722

Date : 05.09.2024