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Onesource Ideas Venture Ltd.

BSE: 530805 Sector: Financials
NSE: N.A. ISIN Code: INE125F01024
BSE LIVE 11:20 | 30 Nov 20.30 -0.95
(-4.47%)
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NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 20.30
PREVIOUS CLOSE 21.25
VOLUME 50
52-Week high 21.25
52-Week low 12.50
P/E 145.00
Mkt Cap.(Rs cr) 6
Buy Price 20.30
Buy Qty 250.00
Sell Price 0.00
Sell Qty 0.00
OPEN 20.30
CLOSE 21.25
VOLUME 50
52-Week high 21.25
52-Week low 12.50
P/E 145.00
Mkt Cap.(Rs cr) 6
Buy Price 20.30
Buy Qty 250.00
Sell Price 0.00
Sell Qty 0.00

Onesource Ideas Venture Ltd. (ONESOURCEIDEAS) - Director Report

Company director report

DIRECTOR'S REPORT

Dear Members

We are pleased to present the report on our business and operations for the year ended31st March 2017.

1. Results of our Operations:

The Company's financial performance for the year ended 31st March 2017 issummarised below;

In Rs

Particulars FY 2016-2017 FY 2015-2016
Revenue from Operations 995000 900000
Other Income 3250 4337
Total Income 998250 904337
Total Expenses 1442503 1699226
Profit Before Tax & Extraordinary Items (444253) (794889)
Tax Expense
-Current Tax - -
-Deferred Tax Liability/(Assets) - -
Net Profit/(Loss) for the Year (444253) (794889)

a. Review of operations and affairs of the Company:

During the year under review the Company has incurred loss before InterestDepreciation & Tax of Rs.444253/- as compared to loss of Rs.794889/-in previous year. Your Company is constantly looking for various new avenues in thesegment of Consultancy Advisory and Investing/Trading of Shares and securities.

b. Dividend:

Due to loss during the year and also due to carried forward losses your Company do notrecommend any Dividend during the year under review.

c. Transfer to Reserves:

The Company has not proposed to transfer any amount to any reserve.

d. Deposits:

During the year under review your company has not accepted any deposits from thepublic within the meaning of section 76 of the Companies Act 2013 and the rules thereunder. There are no public deposits which are pending for repayment.

e. Particulars of loans guarantees or investments:

It is hereby informed that the Company has neither give any Loans investments norgiven any guarantee or provided any security during the financial year under review.

f. Particulars of contracts or arrangements made with related parties:

The Company has not entered into any Contracts or arrangements with related partiesreferred to in section 188(1) of the Companies Act 2013 during the financial underreview except to the extent of remuneration to Managing Director of the Company. ThePolicy on Related Party Transaction is available on our websitewww.onesourceideasventure.com. g. Variation in market Capitalization:

During the financial year under review the Securities of your Company were listed butthe trading of these securities was under suspension at BSE Limited thus the company isnot able to provide any Market Price data for the securities of the Company. The dataw.r.t. to Net-worth of the Company is provided hereunder.

Particulars F.Y. 2016-2017 F.Y. 2015-2016
Net-Worth 114181 558434

The BSE Limited vide its Notice No. 20170413-18 dated 13th April 2017 hasissued revocation of the trading in the Script of the Company w.e.f. 21stApril 2017. h. Management's Discussion and Analysis:

Management's Discussion and Analysis Report for the year under review as stipulatedunder Schedule V (B) of Regulation 34(2)(e) of SEBI (Listing Obligations & DisclosureRequirements)Regulations 2015 is appended as Annexure I to this report.

i. Director's Responsibility Statement:

Pursuant to Section 134(3)(c) and Section 134(5) of the Companies Act 2013 the Boardof Directors to the best of their knowledge and ability confirm that:

(i) in the preparation of the annual accounts the applicable accounting standards havebeen followed and there are no material departures;

(ii) the directors have selected such accounting policies and applied them consistentlyand made judgments and estimates that are reasonable and prudent so as to give a true andfair view of the state of affairs of the Company at the end of the financial year and ofthe profit and loss of the Company for that period;

(iii) the directors have taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of the Companies Act 2013(erstwhile Companies Act 1956) for safeguarding the assets of the Company and forpreventing and detecting fraud and other irregularities;

(iv) the directors have prepared the annual accounts on a going concern basis;

(v) the directors have laid down internal financial controls to be followed by theCompany and such internal financial controls are adequate and operating effectively;

(vi) the directors have devised proper systems to ensure compliance with the provisionsof all applicable laws and that such systems were adequate and operating effectively.

j. Recommendations of the Audit Committee:

During the year under review all the recommendations made by the Audit Committee wereaccepted by the Board.

2. Human Resource Management:

To ensure good human resources management at Onesource Ideas Venture Limited we focuson all aspects of the employee lifecycle. This provides a holistic experience for theemployee as well. During their tenure at the Company employees are motivated throughvarious skill-development engagement and volunteering programs. All the while we createeffective dialogs through our communication channels to ensure that the feedback reach therelevant teams including the leadership. a. Particulars of employees:

The table containing the details of remuneration of Directors and Employees inaccordance with the provisions of Section 197(12) of the Companies Act 2013 read withRule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules2014 is appended as Annexure II to this report.

There are no employees who were in receipt of remuneration in excess of the ceilingprescribed in the Rule 5(2) of the Companies (Appointment and Remuneration of ManagerialPersonnel) Rules 2014.

Further as on 31st March 2017 the Company had 1 employees and theDisclosure with respect to details of the Top 10 employees as on 31st March 2017 inpursuance to Rule 5(2)& Rule 5(3) of the Companies (Appointment and Remuneration ofManagerial Personnel) Rules 2014 are as mentioned below:

PARTICULARS
Name of the Employee Vasalakotram Sampath Sudhakar
Age 38
Designation Chief Financial Officer
Nature of Employment Finance
Salary drawn Rs.12000/- Per Month
Qualification BCA
Experience (in years) 11 years
Date of Joining 05.11.2014
Particulars of previous employment Self-Employed

The Company currently do not provide any Employee Stock Option Scheme/Employee StockPurchase Scheme to its employees. b. Key Managerial Personnel:

i. Managing Director or Chief Executive Officer or Manager and in their absence a

Whole-Time Director:

? Mrs. Venodhini Babu (DIN: 00479516) is the Managing Director.

ii. Company Secretary:

? Ms. Megha Agarwal was appointed as Company Secretary of the Company w.e.f. 22ndJune 2015 and thereafter she resigned from the said post w.e.f. 29th August2016. The Board is in the process of identifying a suitable candidate for the post ofCompany Secretary cum Compliance Officer.

iii. Chief Financial Officer:

? Mr. Vasalakotram Sampath Sudhakaris the Chief Financial Officer.

3. Corporate Governance:

Corporate governance is an ethically driven business process that is committed tovalues aimed at enhancing an organization s brand and reputation. This is ensured bytaking ethical business decisions and conducting business with a firm commitment tovalues while meeting stakeholders expectations. At Onesource Ideas Venture Limited it isimperative that our company affairs are managed in a fair and transparent manner. This isvital to gain and retain the trust of our stakeholders. The Company is committed tomaintain the highest standards of corporate governance and adhere to the corporategovernance requirements set out by SEBI. The Company has also implemented several bestcorporate governance practices as prevalent globally.

As per the Regulation 15(2)(a) of Chapter IV of Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations 2015; The compliance withthe Corporate Governance provisions as specified in regulations 17 18 19 20 2122 2324 25 26 27 and clauses (b) to (i) of sub-regulation (2) of regulation 46 and para C D and E of Schedule V shall not apply in respect of the Listed entity having paid upEquity share capital not exceeding Rs. 10 Crore and Net-worth not exceeding of 25 Croreas on the last day of the Previous financial year.

It is hereby informed that your Company during the Previous financial year (i.e.2015-2016) has the paid-up capital of Rs. 2250000 divided in to 225000 Equity Sharesof Rs. 10/- each and the Net-worth of the Company was Rs. 5.58 lakhs respectively. Thusthe compliance with provisions of Corporate Governance in accordance with Securities andExchange Board of India (Listing Obligations and Disclosure Requirements) Regulations2015 is not applicable to your Company.

a. Compliance Department:

During the year under review the following changes took place with respect to theCompliance Officer of the Company:

• Mrs. Venodhini Babu (DIN: 00479516) Managing Director was acting as theCompliance Officer of the Company till 22ndJune 2015

• Subsequently Ms. Megha Agarwal was appointed as Company Secretary cum Complianceofficer of the Company w.e.f. 22nd June 2015.

• Ms. Megha Agarwal resigned from the said post w.e.f. 29 th August2016.

• For time being the Company has appointed Mrs. Venodhini Babu Managing Directoras the compliance officer of the Company w.e.f. 30th August 2016.

• The Board is in the process of identifying a suitable candidate for the post ofCompany Secretary cum Compliance Officer.

The Compliance department of the Company is responsible for independently ensuring thatthe operating and business units comply with regulatory and internal guidelines. Newinstructions/guidelines issued by the Regulatory authorities were disseminated across theCompany to ensure that the business and business units operate within the boundaries setby the regulators and that compliance risks are suitably monitored and mitigated in courseof their activities & processes.

b. Information on the Board of Directors of the Company:

During the year under review following changes took place in the Composition of Boardof Directors of the Company;

(i) The Shareholders at the Annual General Meeting of the Company held on 30thSeptember 2016 approved the; a. Re-appointment of Mr. Bhagwati Prasad Jhunjhunwala(DIN: 00479503) who retired by rotation.

In compliance with the Companies Act 2013 the following directors are proposed to beappointed/re-appointed as Director/Independent Directors/Executive Director of the Companyby the approval of the Share Holders of the Company; (i) Mr. Bhagwati Prasad Jhunjhunwala(DIN: 00479503) retires by rotation at this Annual General Meeting and being eligible hasoffered himself for re-appointment. c. Board Diversity:

The Company recognizes and embraces the importance of a diverse board in its success.We believe that a truly diverse board will leverage differences in thought perspectiveknowledge skill regional and industry experience cultural and geographical backgroundage ethnicity race and gender which will help us retain our competitive advantage. TheBoard has adopted the Board Diversity Policy which sets out the approach to diversity ofthe Board of Directors. The Board Diversity Policy is available on our websitewww.onesourceideasventure.com.

d. Details with regards to meeting of Board of Directors and attendance during the yearof the Company:

(i) Composition of the Board of Directors as on the date of this Report is mentionedbelow;

Name of the Director Designation Category
Ms. Venodhini Babu Managing Director Executive Director
Mr. Bhagwati Prasad Jhunjhunwala Director Non-Executive Chairman
Mr. Kesavan Suresh Kumar Director Independent Director
Mr. Dharmaraj Nagendran Director Independent Director

(ii) Meeting of Board of Directors and Attendance During the Year:

During the FY 2016-2017 6 (Six) meetings of the Board of Directors of the Company wereheld i.e. on 27th May 2016 12th August 2016 29thAugust 2016 02nd September 2016 11th November 2016 and 11thFebruary 2017. The gap between two meetings did not exceed 120 days. The attendance ofthe members at the Board of Directors meetings was as follows:

No. of Chairmanship/
Name of Director Attendance Particulars Membership of Board Committees in other Companies#
Board Last
Meetings AGM No. of Director- ships in other Public Company* Chairman Member
Ms. Venodhini Babu 6 YES 1 - -
Mr. Bhagwati Prasad Jhunjhunwala 6 YES - - -
Mr. Kesavan Suresh Kumar 6 YES 1 - 1
Mr. Dharmaraj Nagendran 6 YES - - -

*The Directorships held by the Directors as mentioned above do not include AlternateDirectorships and Directorships held in Foreign Companies and Companies registered underSection 25 of the Companies Act 1956 or Section 8 of the Companies Act 2013.

#In accordance with Regulation 26 (1) (b) of SEBI (Listing Obligations & DisclosureRequirements) Regulations 2015 Membership/Chairpersonship of only the Audit Committeesand Stakeholders' Relationship Committee in all Public Limited Companies has only beenconsidered.

e. Policy on Directors' Appointment and Remuneration:

The current policy is to have an appropriate mix of executive non-executive andindependent directors to maintain the independence of the Board and separate itsfunctions of governance and management. As on 31st March 2017 the Boardconsist of 4 Members 1 of whom is an Executive Director and 1 of whom is a Non-ExecutiveDirector and the 2 others are Independent Directors. The Board periodically evaluates theneed for change in its composition and size.

The Policy of the Company on Director's Appointment and Remuneration includingcriteria for determining qualifications positive attributes independence of director andother matters provided under Section 178(3) of the Companies Act 2013 adopted by theBoard is appended as Annexure III to this report. We affirm that the Remunerationpaid to the director is as per the terms laid out in the said policy.

f. Declaration by Independent Directors:

The Company has received necessary declarations from each Independent Director(s) underSection 149(7) of the Companies Act 2013 that they meet the criteria of independencelaid down in Section 149(6) of the Companies Act 2013.

g. Training of Independent Directors:

Every new Independent Director at the time of appointment is issued a detailedAppointment Letter incorporating the Role Duties and Responsibilities Remuneration andPerformance evaluation process Code of Conduct and obligations on disclosures.

Further every new Independent Director is provided with copy of latest Annual Reportthe Code of Conduct the Code of Conduct for Internal Procedures and to Regulate Monitorand Report Trading by Insiders ("Code of Conduct - PIT") and the Code ofPractices & Procedures for Fair Disclosure of Unpublished Price Sensitive Information(the "Fair Practice Code") Tentative Schedule of upcoming Board and Committeemeetings.

The Company through its Executive Directors / Key Managerial Personnel conduct programs/presentations periodically to familiarize the Independent Directors with the strategyoperations and functions of the Company.

Thus such programs / presentations provides an opportunity to the Independent Directorsto interact with the senior leadership team of the Company and help them to understand theCompany's strategy business model operations service and product offerings marketsorganization structure finance human resources technology quality facilities and riskmanagement and such other areas as may arise from time to time. The Policy on theFamiliarization Programme for Independent Directors is available on our websitewww.onesourceideasventure.com.

h. Board's Committees:

Currently the Board has three Committees: the Audit Committee the Nomination andRemuneration Committee and the Stakeholder's Relationship Committee. All Committees areappropriately constituted

(i) The details of the composition of the Committeesas on the date of this Report ismentioned below:

Name of the Committee Name of the Company Member Position in the Committee
Mr. Kesavan Suresh Kumar Chairman
Audit Committee Mr. Dharmaraj Nagendran Member
Mrs. Venodhini Babu Member
Nomination and Mr. Kesavan Suresh Kumar Chairman
Remuneration Mr. Dharmaraj Nagendran Member
Committee Mr. Bhagwati Prasad Jhunjhunwala Member
Stakeholders Mr. Kesavan Suresh Kumar Chairman
Relationship Mr. Dharmaraj Nagendran Member
Committee Mrs. Venodhini Babu Member

(ii) MEETING OF AUDIT COMMITTEE AND ATTENDANCE DURING THE YEAR:

During the financial year under review Audit Committee Meetings were held 5 times in ayear viz. on 27th May 2016 12th August 2016 02ndSeptember 2016 11th November 2016 and 11th February 2017 and theattendance of the members at the Audit Committee meetings was as follows:

Name of the Director Attendance Meeting Held during their tenure Particulars Meeting Attended during their tenure
Mr. Kesavan Suresh Kumar 5 5
Mr. Dharmaraj Nagendran 5 5
Mrs. Venodhini Babu 5 5

(iii) MEETINGS OF NOMINATION AND REMUNERATION COMMITTEE AND

ATTENDANCE DURING THE YEAR:

During the financial year under review Nomination and Remuneration Committee Meetingswas held thrice viz. 27th May 2016 29th August 2016 and 02ndSeptember 2016 the attendance of the members at the Nomination and Remuneration Committeemeeting was as follows:

Name of the Director Attendance Meeting Held during their tenure Particulars Meeting Attended during their tenure
Mr. Kesavan Suresh Kumar 3 3
Mr. Dharmaraj Nagendran 3 3
Mr. Bhagwati Prasad Jhunjhunwala 3 3

(iv) MEETING OF STAKEHOLDER RELATIONSHIP COMMITTEE AND

ATTENDANCE DURING THE YEAR:

During the financial year under review Stakeholder Relationship Committee Meetingswere held 5 times in a year viz. 27th May 2016 12th August 201602nd September 2016 11th November 2016 and 11thFebruary 2017 and the attendance of the members at the Stakeholder Relationship Committeemeeting was as follows:

Name of the Director Attendance Meeting Held during their tenure Particulars Meeting Attended during their tenure
Mr. Kesavan Suresh Kumar 5 5
Mr. Dharmaraj Nagendran 5 5
Mrs. Venodhini Babu 5 5

i. Board Evaluation:

The Board of Directors has carried out an Annual Evaluation of its "ownperformance" "Board committees" and "Individual Directors"pursuant to the section 134(3) of the Companies Act 2013.

The performance of the Board was evaluated by the Board after seeking inputs from allthe directors on the basis of the criteria such as the Board composition and structureeffectiveness of board processes information and functioning etc.

The performance of the Committees was evaluated by the Board after seeking inputs fromthe Committee members on the basis of the criteria such as the composition of Committeeseffectiveness of Committee meetings etc.

The Board and the Nomination and Remuneration Committee ("NRC") reviewed theperformance of the individual Directors on the basis of the criteria such as thecontribution of the individual Director to the Board and committee meetings likepreparedness on the issues to be discussed meaningful and constructive contribution andinputs in meetings etc.

In a separate meeting of Independent Directors performance of non-IndependentDirectors performance of the Board as a whole was evaluated The same was discussed inthe Board meeting that followed the meeting of the Independent Directors at which thereport as submitted by the Independent Directors was taken on record and discussed.

j. Listing:

The equity shares of Onesource Ideas Venture Limited (Scrip Code: 530805) are listed atBSE.

Your Company paid the Listing Fees to the BSE Limited for FY 2016-2017 as well as for2017-2018 in terms of Uniform Listing Agreement entered with the said Stock Exchange.

k. Insider Trading

In compliance with the SEBI (Prohibition of Insider Trading) Regulations 2015 yourCompany has constituted a comprehensive Code titled as "Code of Conduct for InternalProcedures and to Regulate Monitor and Report Trading by Insiders" which lays downguide lines and advises the Directors and Employees of the Company on procedures to befollowed and disclosures to be made while dealing insecurities of the Company. The saidpolicy is available on our website www.onesourceideasventure.com.

4. Auditors:

a. Statutory Auditor:

The Company received a letter dated 15th May 2017 from the Statutory Auditors of theCompany that they have reconstituted M/s. Dharmaraj& Co. Chartered Accountants (FirmRegistration No. 013630S) as K D M AND CO. Chartered Accountants (Firm Registration No.013630S) At the Annual General Meeting held on 30th September 2014 M/s.Dharmaraj & Co. Chartered Accountants (Firm Registration No. 013630S) {herein afterM/s. K D M AND CO. Chartered Accountants (Firm Registration No. 013630S)} were appointedas Statutory Auditors of the Company from the conclusion of the 20thAnnualGeneral Meeting of the Company held on 30th September 2014 till the conclusionof the 24thAnnual General Meeting to be held in the year 2018. In terms of thefirst proviso to Section 139 of the Companies Act 2013 the appointment of the auditorsshall be placed for ratification at every Annual General Meeting. Accordingly theappointment of M/s. K D M AND CO. Chartered Accountants (Firm Registration No. 013630S)as Statutory Auditors of the Company is placed for ratification by the shareholders. Inthis regards the Company has received a certificate from the Auditors to the effect thatif they are reappointed it would be in accordance with the provisions of Section 141 ofthe Companies Act 2013.

b. Secretarial Auditors:

The Board of Directors at the meeting held on 02nd September 2016 hadappointed M/s. Vishal Garg & Associates Company Secretaries as the SecretarialAuditor of the Company for the FY 2016-2017 however M/s. Vishal Garg & AssociatesCompany Secretaries issued a letter dated 05th May 2017 showcasing theirinability to conduct the secretarial Audit of the Company for the FY 2016-2017. The Boardof Directors of the Company at the meeting held on 12th May 2017 appointed Ms.Deepika K (COP: 18437) as the Secretarial Auditor of the Company for the FY 2016-2017.

The Secretarial Audit Report for the FY 2016-2017 is appended as Annexure IV tothis report c. Comments of the Board on the qualification/reservation/adverseremarks/disclosure made:

(i) by the Statutory Auditor in the Audit Report:

The Statutory Auditor report does not contain any qualifications reservations oradverse remarks.

(ii) by the Secretarial Auditor in the Secretarial Audit Report: a. The Companyhas not appointed an Auditor/Firm of Auditors who has/have subjected himself/themselves topeer review process and holds a valid certificate issued by Peer Review Board of Instituteof Chartered Accountants of India as stipulated under Regulation 33 (1)(d) SEBI (ListingObligations and Disclosure Requirements) Regulations 2015.

The Board with respect to the above mentioned qualification herewith submits that theBoard has appointed M/s. Dharmaraj & Co. Chartered Accountants (Firm Registration No.013630S) {herein after M/s. K D M AND CO. Chartered Accountants (Firm Registration No.013630S)} as

Auditors of the Company to hold office till the conclusion of the Annual GeneralMeeting of the Company to be held in the year 2018 (subject to ratification of theirappointment at every AGM) However M/s. Dharmaraj

& Co. Chartered Accountants (Firm Registration No. 013630S) {herein after M/s. K DM AND CO. Chartered Accountants (Firm Registration No. 013630S)} has not subjectedthemselves to peer review process under the

Peer Review Board of Institute of Chartered Accountants it was assured by them thatthey shall subject themselves to peer review process under the Peer Review Board ofInstitute of Chartered Accountants in FY 2017-2018.

b. The Company has not appointed a Company Secretary and/or Compliance Officer in termsof Section 203 (1)(ii) of the Companies Act 2013 and Regulation 6(1) of SEBI (ListingObligations and Disclosure Requirements) Regulations 2015 from 30th August2016 till the end of the FY 2016-2017.

The Board with respect to the above mentioned qualification herewith submits that theBoard is in process of identifying a suitable candidate for the position of CompanySecretary cum Compliance Officer.

Therefore for the time being Mrs. Venodhini Babu Managing Director has been appointedas the compliance officer of the Company.

d. Internal Financial Control

The Board has adopted the policies and procedures for ensuring the orderly andefficient conduct of its business including adherence to the Company s policies thesafeguarding of its assets the prevention and detection of frauds and errors theaccuracy and completeness of the accounting records and the timely preparation ofreliable financial disclosures.

e. Risk Management:

The Company has a robust Risk Management framework to identify evaluate business risksand opportunities. This framework seeks to create transparency minimize adverse impact onthe business objectives and enhance the Company's competitive advantage. The business riskframework defines the risk management approach across the enterprise at various levelsincluding documentation and reporting. The framework has different risk models which helpin identifying risks trend exposure and potential impact analysis at a Company level asalso separately for business segments. The Company has identified various risks and alsohas mitigation plans for each risk identified. The Risk Management Policy of the Companyis available on our website www.onesourceideasventure.com.

f. Vigil Mechanism:

The Company has established a mechanism for Director's and employee's to report theirconcerns relating to fraud malpractice or any other activity or event which is againstthe interest of the Company.

The Whistle Blower Policy is in place. Employees can report to the Management concernedunethical behaviour act or suspected fraud or violation of the Company's Code of ConductPolicy. No Employee has been denied access to the Audit Committee. The Whistle BlowerPolicy is available on our website www.onesourceideasventure.com.

g. Statement on Material Subsidiary:

The Company currently do not have any Material Subsidiary. The Policy on Identificationof Material Subsidiaries is available on our website www.onesourceideasventure.com.

5. Corporate Social Responsibility:

As per the provision of Section 135 of the Companies Act 2013 all companies having anet worth of Rs.500 crore or more or a turnover of Rs.1000 crore or more or a net profitof Rs.5 crore or more during any financial year are required to constitute a CSR committeeand hence our Company do not meet the criteria as mentioned above the Company has notconstituted

any Corporate Social Responsibility Committee; and has not developed and implementedany Corporate Social Responsibility initiatives and the provisions of Section 135 of theCompanies Act 2013 is not applicable to the Company.

a. Particulars on conservation of energy research and development technologyabsorption and foreign exchange earnings and outgo:

(i) Energy Conservation:

Conservation of energy continues to receive increased emphasis and steps are beingtaken to reduce the consumption of energy at all levels. The Company has taken steps toconserve energy in its office use consequent to which energy consumption had beenminimized. No additional Proposals/ Investments were made to conserve energy. Since theCompany has not carried on industrial activities disclosures regarding impact of measureson cost of production of goods total energy consumption etc are not applicable.

(ii) Foreign Exchange Earnings and Outgo:

The Company has not earned or spent any foreign exchange during the year under review.

(iii) Research and Development & Technology Absorption:

The Company has not adopted any technology for its business and hence no reporting isrequired to be furnished under this heading. The Company will adopt necessary technologyas and when required in the furtherance of the business.

6. Others:

a. Extract of Annual Return:

In accordance with Section 134(3)(a) and Section 92(3) of the Companies Act 2013 anextract of the Annual Return in the prescribed format is appended as Annexure V tothis Report.

b. Significant and Material Orders:

There are no significant and material orders passed by the regulators or courts ortribunals impacting the going concern status and Company's operations in future.

c. Disclosure under the Sexual Harassment of Women at workplace (PreventionProhibition and Redressal) Act 2013:

The Company has in place an Anti-Sexual Harassment Policy in line with the requirementof the Sexual Harassment of Women at workplace (Prevention Prohibition and Redressal) Act2013. All the employees (permanent Contractual temporary Trainees) are covered underthis policy.

During the year under review no complaints were received falling under the category ofSexual Harassment of Women.

d. Other Disclosures:

Your Directors state that no disclosure or reporting is required in respect to thefollowing items as there were no transactions on these items during the year under review:(i) Issue of equity shares with differential rights as to dividend voting or otherwise.

(ii) Issue of shares (including sweat equity shares) to employees of the company underany scheme.

(iii) Redemption of Preference Shares and/or Debentures.

e. Reporting of Fraud by Auditors:

No Fraud has been reported by the Auditors of the Company under Section 143(12) of theCompanies Act 2013.

f. Soliciting Shareholders Information:

This is to inform you that the company is in process of updation of records of theshareholders in order to reduce the physical documentation as far as possible.

With new BSE Uniform listing agreement it is mandatory for all the investors includingtransferors to complete their KYC information. Hence we have to update your PAN No.Phone no. and e-mail id in our records. We would also like to update your currentsignature records in our system. To achieve this we solicit your co-operation inproviding the following details to us; a. If you are holding the shares in dematerializedform you may update all your records with your Depository Participant (DP). b. If you areholding shares in physical form you may provide the following:

i. Folio No.

ii. Name

iii. Pan No.

iv. E-mail ID

v. Telephone No.

vi. Specimen Signatures (3 in Nos.)

7. Acknowledgement:

Your Directors wish to place on record their appreciation for the contribution made bythe employees at all levels but for whose hard work and support your company'sachievements would not have been possible. Your Directors also wish to thank itscustomers dealers agents suppliers investors and bankers for their continued supportand faith reposed in the company.

By Order of the Board of Directors For ONESOURCE IDEAS VENTURE LIMITED

Sd/- Sd/-
VENODHINI BABU BHAGWATI PRASAD JHUNJHUNWALA
Date: 27.05.2017 (DIN: 00479516) (DIN: 00479503)
Place: Chennai Managing Director Director cum Chairman