GSM ASSOCIATES PRIVATE LIMITED Registered Office: 12/12C-4,CHETTIPALAYAM ROADD, KAPPANI GOUNDER LAYOUT, VELLALORE, COIMBATORE – 641111. 1st Annual Report 2025-2026
Company Information BOARD OF DIRECTORS 1. Mr. J.Senthilmurugan 2. Miss. S.Adhistaa Registered Office - 12/12c-4,Chettipalayam Road, Kappani Gounder Layout, Vellalore, Coimbatore – 641111. Auditor - CA.T.S.Maharaj, B.Com,F.C.A., DISA (ICA) 150 / 50, New Road, Sivakasi Bankers - UCO Bank Coimbatore. Contents - Notice of Annual General Meeting Directors’ Report Balance Sheet, Statement of Profit and loss & Notes Significant accounting Policies Auditor’s Report
GSM ASSOCIATES PRIVATE LIMITED CIN: U70200TZ2025PTC036619 Registered office : 12/12c-4,Chettipalayam Road, Kappani Gounder Layout, Vellalore, Coimbatore - 641111. Email: gsmassociates06@gmail.com NOTICE NOTICE is hereby given that the First Annual General Meeting of the Company will be held at the Registered office at 12/12c-4,Chettipalayam Road, Kappani Gounder Layout, Vellalore, Coimbatore,641111, on Monday, the 31st August 2026 at 11.00 A.M. to transact the following business: ORDINARY BUSINESS: 1. To receive, consider and adopt the Audited Profit and Loss Account for the year ended 31st March 2026 and the Audited Balance Sheet as on that date along with the Auditor’s Report and the Directors’ Report thereon. 2. To appointment of Auditors and to fix their remuneration. For M/s. GSM Associates Private Limited Director Director J. Senthilmurugan S. Adhistaa DIN –06774084 DIN - 11372009 Place: Coimbatore Date: 07-08-2026 NOTES: 1. A Member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote instead of himself/herself and such a proxy need not to be a member of the Company. Proxy forms complete in all respects must reach the Registered office of the Company at least 48 hours before the commencement of the Meeting. 2. Members/proxies should bring the attendance slip duly filled in for attending the meeting.
GSM ASSOCIATES PRIVATE LIMITED CIN: U70200TZ2025PTC036619 Registered office : 12/12c-4,Chettipalayam Road, Kappani Gounder Layout, Vellalore, Coimbatore - 641111. Email: gsmassociates06@gmail.com DIRECTORS’ REPORT To The Members of, GSM ASSOCIATES PRIVATE LIMITED, Your Directors have pleasure in presenting their Annual Report together with the Audited Statement of Accounts of your Company for the Year ended March 31, 2026. 1. FINANCIAL HIGHLIGHTS Amount in Rs. Particulars 2025-26 Gross Income 1,43,731 Other Expenses 1,32,333 Profit Before Interest and Depreciation 11,398 Finance Charges - Provision for Depreciation - Net Profit Before Tax 11,398 Provision for Tax 2,963 Provision for Deferred Tax Liability/Assets - Net Profit After Tax 8,435 2. STATE OF AFFAIRS 1.The Company is engaged in the business during the period under review. 2. It is a newly incorporated Company during the financial year ended 31st March, 2026. 3. INFORMATION ABOUT SUBSIDIARY/ JV/ ASSOCIATE COMPANY The Company does not have any Subsidiary, and has not entered into any Joint ventures with any other person.
GSM ASSOCIATES PRIVATE LIMITED CIN: U70200TZ2025PTC036619 Registered office : 12/12c-4,Chettipalayam Road, Kappani Gounder Layout, Vellalore, Coimbatore - 641111. Email: gsmassociates06@gmail.com 4. DIRECTORS There has been no change in the constitution of Board during the year i.e. the structure of the Board remains the same. 5. BOARD’S COMMENT ON THE AUDITORS’ REPORT The observations of the Statutory Auditors, when read together with the relevant notes to the accounts and accounting policies are self-explanatory and do not calls for any further comment. 6.TRANSFER TO RESERVE: Profit for the year Rs.11,398 was transferred to the reserves during the financial year. 7. DIVIDEND No Dividend was declared for the current financial year. 8. STATUTORY AUDITORS: CA. T.S. Maharaj, B.Com., F.C.A., DISA(ICAI), Chartered Accountant, Sivakasi was appointed as Statutory Auditor for a period of 5 years and is eligible for re-appointment, subject to ratification of members at ensuing Annual General Meeting of the company. The Company has received letter from the Auditor to the effect that his appointment, if made, would be within the prescribed limits under Section 141 of the Companies Act, 2013 and that he is not disqualified. The Notes on Financial Statements referred to in the Auditors' Report are self–explanatory and do not call for any further comments. 9. MEETINGS OF BOARD OF DIRECTORS During the Financial Year 2025-26, the Company held two meetings of the Board of Directors as per Section 173 of Companies Act, 2013 which is summarized below. The provisions of Companies Act, 2013 were adhered to while considering the time gap between two meetings.
GSM ASSOCIATES PRIVATE LIMITED CIN: U70200TZ2025PTC036619 Registered office : 12/12c-4,Chettipalayam Road, Kappani Gounder Layout, Vellalore, Coimbatore - 641111. Email: gsmassociates06@gmail.com SN Date of Meeting Board Strength No. of Directors Present 1 11-11-2025 2 2 2 19-02-2026 2 2 10. WEB LINK OF ANNUAL RETURN, IF ANY. The Company doesn’t have any website. 11. MATERIAL CHANGES AND COMMITMENTS No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which this financial statement relates and the date of this report. 12. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS, COURTS AND TRIBUNALS No significant and material order has been passed by the regulators, courts, tribunals impacting the going concern status and Company’s operations in future. 13. DETAILS IN RESPECT OF FRAUD REPORTED BY AUDITOR: As per auditors’ report on Financial Statements there is no fraud under u/s 143(12) 14. COMPLIANCE WITH SECRETARIAL STANDARD: The Directors have devised proper systems to ensure compliance with the provisions of all applicable secretarial standards and that such system is adequate and operating effectively. 15. RELATED PARTY TRANSACTION No Related party transactions during the year.
GSM ASSOCIATES PRIVATE LIMITED CIN: U70200TZ2025PTC036619 Registered office : 12/12c-4,Chettipalayam Road, Kappani Gounder Layout, Vellalore, Coimbatore - 641111. Email: gsmassociates06@gmail.com 16. RISK MANAGEMENT The Company does not have any Risk Management Policy as the elements of risk threatening the Company’s existence are very minimal. 17. DEPOSITS The company has not accepted any deposits during the year. 18. SHARES a. BUY BACK OF SECURITIES The Company has not bought back any of its securities during the year under review. b. SWEAT EQUITY The Company has not issued any Sweat Equity Shares during the year under review. C. BONUS SHARES No Bonus Shares were issued during the year under review. d. EMPLOYEES STOCK OPTION PLAN The Company has not provided any Stock Option Scheme to the employees. 19. DIRECTOR’S RESPONSIBILITY STATEMENT Pursuant to Section 134(5) of the Companies Act, 2013 the Board of Directors of the Company confirms that In the preparation of the annual accounts for the year ended March 31,2026, the applicable accounting standards read with requirements set out under Schedule III to the Act, have been followed and there are no material departures from the same.
GSM ASSOCIATES PRIVATE LIMITED CIN: U70200TZ2025PTC036619 Registered office : 12/12c-4,Chettipalayam Road, Kappani Gounder Layout, Vellalore, Coimbatore - 641111. Email: gsmassociates06@gmail.com a) 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 as at March 31,2026 and of the Profit of the Company for the year ended on that date. b) 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 and detecting fraud and other irregularities. c) The Directors have prepared the annual accounts on a ‘going concern’ basis. d) The Company being unlisted, sub clause (e) of section 134(3) of the Companies Act, 2013 pertaining to laying down internal financial controls is not applicable to the Company. e) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such system is adequate and operating effectively. 20. ACKNOWLEDGEMENT Your Directors wish to express their grateful appreciation to the continued co-operation received from the Banks, Government Authorities, Customers, Vendors and Shareholders during the year under review. Your Directors also wish to place on record their deep sense of appreciation for the committed service of the Executives, staff and Workers of the Company. By the order of the Board For GSM ASSOCIATES PRIVATE LIMITED Place: Coimbatore J. Senthilmurugan Date :07/08/2026 Managing Director (DIN: 06774084)
NOTES AS AT 31.03.2026 Rs.(100's) I. EQUITY AND LIABILITIES 1 Shareholders’ funds (a) Share capital 1 1,000.00 (b) Reserves and surplus 2 84.35 2 Share application money pending allotment - 3 Non Current liabilities (a) Long Term borrowings - 4 Current liabilities (a) Short-term borrowings 3 259.00 (b) Trade payables (A) total outstanding dues of MSME - (B) total o/s dues of creditors other than MSME - (c) Other current liabilities 4 390.00 (d) Short - term provisions 5 29.64 1,762.98 II. ASSETS 1 Non-current assets (a) Property, Plant and Equipment - (b) Non-current investments (c) Deferred tax assets (net) - (d) Long-term loans and advances - (e) Other Non-Current Assets - 2 Current assets (a) Inventories - (b) Trade Receivables - (c) Cash and cash equivalents 6 22.98 (d) Short term loans and advances - (e) Other current assets 7 1,740.00 1,762.98 Significant Accounting Policies & other notes 16 AUDITOR'S REPORT As per our separate report of For and Behalf of the Board even date attached. Chartered Accountant Director Director M.No: 210550 DIN: 06774084 DIN: 11372009 UDIN: 26210550MLFUPA6964 Place :Coimbatore Dated: 07.08.2026 M/s.GSM ASSOCIATES PRIVATE LIMITED, COIMBATORE. CIN: U70200TZ2025PTC036619 TOTAL BALANCE SHEET AS AT 31st MARCH' 2026 PARTICULARS TOTAL
PARTICULARS 31.03.2026 Rs.(100's) INCOME: Revenue from operations 8 1,437.31 Other Income 9 - Total Income 1,437.31 EXPENSES: Purchase of Goods 10 - Changes in Inventories 11 - Employee benefit expenses 12 - Finance Costs 13 - Depreciation and amortization expenses 14 - Other expensess 15 1,323.33 Total Expenses 1,323.33 Profit before exceptional, extraordinary and prior period items and tax 113.98 Exceptional items - Profit before extraordinary and prior period items and tax 113.98 Extraordinary Items - Prior Period Items - Profit before tax 113.98 Tax Expense: - Current tax 29.64 - Deferred tax Assets/(Liability) - Profit (Loss) for the period 84.35 Earnings per equity share: (1) Basic 8.43 (2) Diluted 8.43 Significant Accounting Policies & other notes 16 AUDITOR'S REPORT As per our separate report of For and Behalf of the Board even date attached. Chartered Accountant Director Director M.No: 210550 DIN: 06774084 DIN: 11372009 UDIN: 26210550MLFUPA6964 Place :Coimbatore Dated: 07.08.2026 M/s.GSM ASSOCIATES PRIVATE LIMITED, COIMBATORE. PROFIT & LOSS STATEMENT FOR THE YEAR ENDED 31st MARCH' 2026 CURRENT YEAR ENDED CIN: U70200TZ2025PTC036619 NOTES
AS AT AS AT NOTE 1 31.03.2026 31.03.2026 SHARE CAPITAL: No. of shares Rs.(100's) AUTHORISED 15,000 Equity Shares of Rs.100/- each 15,000 15,000 15,000 15,000 ISSUED, SUBSCRIBED AND PAID UP i. 1000 Equity Shares of Rs.100/- each 1,000 1,000 ii. Share application Money Received - - 1,000 1,000 a) Rights, preference & restrictions attached to shares Equity Shares The Company has only one classs of equity shares having a par value of Rs.100/- per share. Each shareholder is eligible for one Vote per share. In the event of liquidation, the equity shareholders are eligible to recevie the remaining assets of the company, after distribution of all preferential amounts, in proportion of their shareholding. b) Details of shares in the compnay held by each shareholder holding more than 5% shares: Name of Shareholder No. of Shares held % of Holding Jayavelu Senthilmurugan 500 50.00% Adhistaa Subramanian 500 50.00% 1,000 100.00% AS AT NOTE 2 31.03.2026 RESERVES & SURPLUS: Rs.(100's) - 84.35 Closing Balance 84.35 NOTE 3 SHORT TERM BORROWINGS: Jayavelu Senthilmurugan 259.00 259.00 CIN: U70200TZ2025PTC036619 M/s.GSM ASSOCIATES PRIVATE LIMITED, COIMBATORE. NOTES FORMING PART OF BALANCE SHEET (+) Net Profit/(Net Loss) For the current year Surplus Opening balance 31.03.2026 Loans and Advances from related parties
CIN: U70200TZ2025PTC036619 M/s.GSM ASSOCIATES PRIVATE LIMITED, COIMBATORE. NOTES FORMING PART OF BALANCE SHEET AS AT 31.03.2026 NOTE 4 Rs.(100's) OTHER CURRENT LIABILITIES: Accounting Charges Payable 80.00 Audit Fees Payable 150.00 Director Remuneration Payable 160.00 390.00 NOTE 5 SHORT - TERM PROVISIONS: Current Tax Provisions 29.64 29.64 NOTE 6 i) CASH AND CASH EQUIVALENTS: UCO Bank 22.98 Total 22.98 Cash on Hand - 22.98 NOTE 7 OTHER CURRENT ASSETS: Other Current Assets - SVB Chits 1,670.00 TDS Receivable 70.00 1,740.00 Other Payables Balance with Banks
AS AT 31.03.2026 Rs.(100's) NOTE 8 REVENUE FROM OPERATIONS: Sale of Goods & Services 1,437.31 Other operating revenues - 1,437.31 NOTE 9 OTHER INCOME: Bank Interest on FD - Interest on IT Refund - - NOTE 10 PURCHASE OF STOCK IN TRADE: Purchases - - NOTE 11 CHANGES IN INVENTORIES: Finished Goods: Inventory at the beginning of the year - Inventory at the end of the year - (Increase)/Decrease in inventories - NOTE 12 EMPLOYEE BENEFITS EXPENSES: Salaries and incentives - Staff welfare expenses - Director remuneration - - NOTE 13 FINANCE COSTS: Interest - - NOTE 14 DEPRECIATION AND AMORTIZATION EXPENSES: Depreciation on Tangible Assets - - M/s.GSM ASSOCIATES PRIVATE LIMITED, COIMBATORE. NOTES FORMING PART OF PROFIT & LOSS ACCOUNT CIN: U70200TZ2025PTC036619 Particulars
AS AT 31.03.2026 Rs.(100's) M/s.GSM ASSOCIATES PRIVATE LIMITED, COIMBATORE. NOTES FORMING PART OF PROFIT & LOSS ACCOUNT CIN: U70200TZ2025PTC036619 Particulars NOTE 15 OTHER EXPENSES: Consultancy Charges 655.00 Office Expenses 14.00 ROC filing Fees 47.26 Bank Charges 7.08 Professional Fees 210.00 Audit Fees 150.00 Accounting charges 80.00 Director Remuneration 160.00 Round Off (0.01) 1,323.33
GSM ASSOCIATES PRIVATE LIMITED Notes Forming Part of the Financial Statements Significant Accounting Policies: 1) Basis of Preparation of Financial Statements - These financial statements have been prepared to comply in all material aspects with applicable accounting principles in India, the applicable Accounting Standards Prescribed under Section 133 of the Companies Act, 2013 (‘Act’) read with Rule 7 of the Companies (Accounts) Rules, 2014 the provisions of the Act (to the extent notified) and other accounting principles generally accepted in India, to the extent applicable. All assets and Liabilities have been classified as current or non-current as per the company’s normal operating cycle and other criteria set out in the schedule III to the Company’s Act, 2013. 2) Fixed Assets – All Fixed Assets are stated at Cost less Depreciation except on Land. Depreciation has been provided by adopting estimated useful life of assets stipulated under schedule II of the Companies Act 2013. Gains or Losses arising from disposal of Tangible fixed assets which are carried at cost are recognized in the statement of profit and loss account. 3) Foreign Currency Transactions :– a. Earnings in Foreign Currency, FOB Value of Exports - Nil b. Expenditure in Foreign Currency - Nil 4) Revenue Recognition – Revenues are recognized and expenses are accounted on their accrual with necessary provisions for all known liabilities and losses. Revenue recognition has been made on proper and accepted accounting principles. 5) Accounting for Taxes on Income - AS 22 Tax on income for the current period is determined on the basis of taxable income and tax credits Computed in accordance with the provisions of the Income Tax Act 1961.
Deferred tax Asset is recognized on timing differences between the incomes accounted in Financial statements and the taxable income for the year, and qualified using the tax rates and laws Enacted or substantively enacted as on the Balance Sheet date. Provision for Deferred tax liability / Asset has not been made during the year, since the Amount Recognized on timing difference is immaterial. 6) Debtors, Creditors & Loans and Advances – 1. Confirmation of balances from Debtors & Creditors have not been received and reconciled. 2. The Company has not received any intimation from the suppliers regarding status under the Micro, Small and Medium enterprises Development Act, 2006 and hence disclosures regarding the following have not been provided. a) Amount due and outstanding at the end of the year. b) Interest paid during the year. c) Interest payable at the end of the financial year. d) Interest accrued and unpaid at the end of the accounting year. 7) Disclosure pursuant to Accounting Standard (AS 15) (Revised) “ Employee Benefits”: Gratuity: No Provision has been made for accrued gratuity in the books of accounts. The Company is meeting the gratuity liabilities as and when the claim arises. 8) Figures have been rounded off to nearest rupees. Place: Coimbatore UDIN: 26210550MLFUPA6964 Date : 07/08/2026 For and on behalf of the Board of Directors Director Director J. Senthilmurugan S. Adhistaa DIN –06774084 DIN - 11372009 CA.T.S.Maharaj,B.Com.F.C.A., Chartered Accountant, M.No. 210550
CA.T.S.MAHARAJ, B.Com., F.C.A., D.I.S.A.(ICAI) 150 / 50 New Road, Sivakasi - 626123 Chartered Accountant maharajca@gmail.com / 09443331180 All Power is within You – Swami Vivekananda Independent Auditors’ Report To the Members of M/s. GSM Associates Private Limited Report on the Audit of the Financial Statements Opinion I have audited the financial statements of M/s. GSM Associates Private Limited (“the Company”), which comprise the balance sheet as at 31st March, 2026, and the statement of profit and loss, and notes to the financial statements, including a summary of significant accounting policies and other explanatory information. In My opinion and to the best of my information and according to the explanations given to me, the aforesaid financial statements give the information required by the Companies Act, 2013 (“the Act”) in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at 31st March, 2026, and its profit, for the year ended on that date. Basis for Opinion I conducted my audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act. My responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. I am independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to my audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules thereunder, and I had fulfilled other ethical responsibilities in accordance with these requirements and the Code of Ethics. I believe that the audit evidence I had obtained is sufficient and appropriate to provide a basis for our opinion. Other Information The Company’s Board of Directors is responsible for the other information. The other information comprises the information included in the Director’ s Report, but does not include the financial statements and my Auditor’s report thereon. My opinion on the financial statements does not cover the other information and I do not express any form of assurance conclusion thereon. In connection with my audit of the financial statements, my responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or my knowledge obtained in the audit or otherwise appears to be materially misstated.
CA.T.S.MAHARAJ, B.Com., F.C.A., D.I.S.A.(ICAI) 150 / 50 New Road, Sivakasi - 626123 Chartered Accountant maharajca@gmail.com / 09443331180 All Power is within You – Swami Vivekananda Responsibilities of Management and those Charged with Governance for the Financial Statements The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (“the Act”) with respect to the preparation of these financial statements that give a true and fair view of the financial position and financial performance of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the “Act” for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Board of Directors is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Board of Directors are also responsible for overseeing the Company’s financial reporting process. Auditor’s Responsibilities for the Audit of the Financial Statements My objectives is to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with SAs, I exercise professional judgment and maintain professional skepticism throughout the audit. I also: • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from
CA.T.S.MAHARAJ, B.Com., F.C.A., D.I.S.A.(ICAI) 150 / 50 New Road, Sivakasi - 626123 Chartered Accountant maharajca@gmail.com / 09443331180 All Power is within You – Swami Vivekananda fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Companies Act, I am also responsible for expressing our opinion on whether the Company has adequate internal financial controls system over financial reporting in place and the operating effectiveness of such controls. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. My conclusions are based on the audit evidence obtained up to the date of my audit report. However, future events or conditions may cause the Company to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation I communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. I also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
CA.T.S.MAHARAJ, B.Com., F.C.A., D.I.S.A.(ICAI) 150 / 50 New Road, Sivakasi - 626123 Chartered Accountant maharajca@gmail.com / 09443331180 All Power is within You – Swami Vivekananda Report on Other Legal and Regulatory Requirements 1) Companies (Auditor’s Report) Order, 2020 (‘the Order’), issued by the Central Government of India, in terms of sub-section (11) of section 143 of the Act, is not applicable to this company. 2) As required by Section 143(3) of the Act, I report that: a) I had sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of my audit. b) In my opinion, proper books of accounts as required by law have been kept by the Company so far as it appears from my examination of those books. c) The balance sheet and the statements of profit and loss dealt with by this report are in agreement with the books of account. d) In my opinion, the aforesaid financial statements comply with the Accounting Standards specified under section 133 of the Act, and rules made thereunder, as applicable. e) On the basis of the written representations received from the directors as on 31st March 2026 taken a record by the Board of Directors, none of the directors is disqualified as on 31st March 2026 from being appointed as a director in terms of Section 164(2) of the Act. f) With respect to the matters specified under Section 143(3)(i) of the Companies Act, 2013, the Company is exempt from the requirement of reporting on the adequacy of internal financial controls with reference to financial statements and the operating effectiveness of such controls. Accordingly, our reporting under Section 143(3)(i) of the Act is not applicable to the Company.. g) With respect to the other matters to be included in the Auditor’s Report in accordance with rule 11 of the Companies (Audit and Auditors) rules,2014, as amended, in our opinion and to the best of our information and according to the explanations given to me: i. The Company does not have any pending litigations which would impact its financial position. ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.
CA.T.S.MAHARAJ, B.Com., F.C.A., D.I.S.A.(ICAI) 150 / 50 New Road, Sivakasi - 626123 Chartered Accountant maharajca@gmail.com / 09443331180 All Power is within You – Swami Vivekananda iii. There were no amounts due to be transferred to the Investor Education and Protection Fund by the Company. iv. a) The Management has represented that to the best of its knowledge and belief, no funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities ("Intermediaries"), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries. b) The Management has represented that to the best of its knowledge and belief, no funds have been received by the Company from any person(s) or entity(ies), including foreign entities ("Funding Parties"), other than as disclosed in the notes to the accounts, with the understanding, whether recorded in writing or otherwise, that the Company shall, whether, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries. c) Based on my audit procedures that we have considered reasonable and appropriate in the circumstances, nothing has come to our notice that has caused us to believe that the representations under sub-clause (a) and (b) contain any material mis-statement. v. The Company has not declared / paid any dividend during the year
CA.T.S.MAHARAJ, B.Com., F.C.A., D.I.S.A.(ICAI) 150 / 50 New Road, Sivakasi - 626123 Chartered Accountant maharajca@gmail.com / 09443331180 All Power is within You – Swami Vivekananda Opinion: In my opinion, the Company has, in all material respects, were operating effectively as at 31 March, 2026, The provisions of Section 143(3)(i) of the Companies Act, 2013, relating to reporting on the adequacy of internal financial controls with reference to financial statements and the operating effectiveness of such controls, are not applicable to the Company in view of the exemption available under the Companies Act, 2013. Accordingly, we are not required to express, and we do not express, any opinion on the adequacy or operating effectiveness of the Company's internal financial controls with reference to financial statements. CA T S Maharaj, Chartered Accountant, Place – Coimbatore M.No. 210550. Date – 07/08/2026 UDIN : 26210550MLFUPA6964
GSM ASSOCIATES PRIVATE LIMITED CIN: U70200TZ2025PTC036619 Registered office : 12/12c-4,Chettipalayam Road, Kappani Gounder Layout, Vellalore, Coimbatore - 641111. Email: gsmassociates06@gmail.com List Of Directors as on 31/03/2026 DIN Full Name Designation Date of Appointment 06774084 JAYAVELU SENTHILMURUGAN Director 07/11/2025 11372009 ADHISTAA SUBRAMANIAN Director 07/11/2025 For M/s. GSM Associates Private Limited Director Director J. Senthilmurugan S. Adhistaa DIN –06774084 DIN - 11372009
GSM ASSOCIATES PRIVATE LIMITED CIN: U70200TZ2025PTC036619 Registered office : 12/12c-4,Chettipalayam Road, Kappani Gounder Layout, Vellalore, Coimbatore - 641111. Email: gsmassociates06@gmail.com LIST OF SHAREHOLDERS S.No Name of the Shareholder Folio No. No. of Equity Shares held @ (Rs.10/- Per Share) Shareholding (In %) 1 Jayavelu Senthilmurugan 001 5,000 50 2 Adhistaa Subramanian 002 5,000 50 Total 10,000 100 For M/s. GSM Associates Private Limited Director Director J. Senthilmurugan S. Adhistaa DIN –06774084 DIN - 11372009