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Pecos Hotels and Pubs LimitedAnnual Report 2021-22holding shares in electronic form are, therefore requested to submit the PAN to theirdepository participants with whom they are maintaining their demat accounts. Membersholding shares in physical form can submit their PAN details to Registrar and TransferAgent.9. Members desiring any information relating to the accounts are requested to write to theCompany at an early date so as to enable the Management to keep the information ready atthe meeting.10. Members are requested to bring their copies of the Annual Report to the Meeting.11. The Ministry of Corporate Affairs has taken a Green Initiative in Corporate Governance byissuing circulars allowing paperless compliances by companies through electronic mode.Further, in line with recent circular issued by the Securities Exchange Board of India (SEBI)and consequent changes in the listing agreement, the Notice of the AGM along with theAnnual Report 2021-22 is being sent by electronic mode to those Members whose e-mailaddresses are registered with the Company/ Depositories, unless any Member hasrequested for a physical copy of the same. For Members who have not registered their email addresses, physical copies are being sent by the permitted mode. Members may notethat this Notice and the Annual Report 2021-22 will also be available on the Company’swebsite viz. www.pecospub.com.12. The route map showing directions to reach the venue of the Meeting is annexed.13. As per Notification issued by Ministry of Corporate Affairs, with reference to the Companies(Management and Administration) Rules, 2014, Companies covered under Chapter XB andChapter XC as per SEBI (ICDR) Regulations, 2009 will be exempted from E-Votingprovisions. Also, no such provision is available in SME Equity Listing Agreement. Companyis covered under Chapter XB as it is a SME Company and listed on SME platform of BSELimited. Therefore Company is not providing E-Voting facility to its shareholders.14. Members, Proxies and Authorized Representatives are requested to bring to the meeting,the Attendance Slip enclosed herewith, duly completed and signed, mentioning thereindetails of their DP ID and Client ID / Folio No.10

Pecos Hotels and Pubs LimitedAnnual Report 2021-22EXPLANATORY STATEMENT PURSUANT TO SECTION 102 (1)OF THE COMPANIES ACT, 2013ITEM NO. 3:Revision in the remuneration of Mr. Liam Timms (DIN: 06453032), Whole Time Directorof the Company.“RESOLVED THAT Pursuant to the provisions of Section 197 read with Part I and Section I ofPart II of Schedule V and other applicable provisions, if any, of the Companies Act, 2013(including any statutory modification or re-enactment thereof), applicable clauses of theArticles of Association of the Company and recommendation of Nomination and RemunerationCommittee and Audit Committee, approval of the Company be and is hereby accorded forrevision in the remuneration of Mr. Liam Timms [DIN: 06453032], Whole Time Director of theCompany.”Salary & Perquisites:12Remuneration: Rs. 88,000/- per month w.e.f. April 01, 2022.Other benefits as applicable to the employees of the Company.Other Terms and Conditions:The terms and conditions of appointment of Whole Time Director of the Company may bealtered and varied from time to time by the Board in such manner as may be mutually agreed,subject to such approvals as may be required and within applicable limits of the Companies Act,2013.ITEM NO. 4:Revision in the remuneration of Mr. Pradosh Dhanraj (DIN: 08424421), Director of theCompany.“RESOLVED THAT Pursuant to the provisions of Section 197 read with Part I and Section I ofPart II of Schedule V and other applicable provisions, if any, of the Companies Act, 2013(including any statutory modification or re-enactment thereof), applicable clauses of theArticles of Association of the Company and recommendation of Nomination and RemunerationCommittee and Audit Committee, approval of the Company be and is hereby accorded forrevision in the remuneration of Mr. Pradosh Dhanraj [DIN: 08424421], Director of theCompany.”11

Pecos Hotels and Pubs LimitedAnnual Report 2021-22Salary & Perquisites:123Remuneration: Rs. 45,500/- per month w.e.f. April 01, 2022.Travel Allowance: Rs. 2,500/- per month.Other benefits as applicable to the employees of the Company.Other Terms and Conditions:The terms and conditions of appointment of Director of the Company may be altered andvaried from time to time by the Board in such manner as may be mutually agreed, subject tosuch approvals as may be required and within applicable limits of the Companies Act, 2013.By Order of the Board of DirectorsFor Pecos Hotels and Pubs LimitedDate:30.08.2022Place: BengaluruSD/Rajiv Kumar Sharma(Company Secretary & Compliance Officer)12

Pecos Hotels and Pubs LimitedAnnual Report 2021-22DIRECTORS’ REPORTDear Members,Your Directors are pleased to present the 17th Annual Report and the Company’s AuditedAccounts for the Financial Year ended March 31, 2022.1.FINANCIAL RESULTS:Particulars2021-2022Revenue from Operations315.93273.661.803.52Total Revenue317.73277.17Less: Total 66.81)(1.06)(5.10)Other IncomeProfit/(Loss) before taxTax ExpensesProfit after taxEarning per equity share- Basic & Diluted2.( in lakhs)2020-2021DIVIDEND:In view of the prolonged lockdown and consequent travel restrictions to avoid spread ofCOVID-19 pandemic imposed by the Government of India as well other countries globally thefood & beverage industry were severely impacted. In these unforeseen and uncertain times, itis difficult to predict when business conditions will normalize. Therefore, in order to conservecash and ensure liquidity for the operations for the Financial Year 2021-22, the Board ofDirectors decided not to recommend any dividend to the shareholders for the Financial Year2021-22.3.REVIEW OF OPERATIONS:During the year under review, Revenue from Operations of the Company was Rs. 315.93 Lakhsas compared to Rs. 273.66 Lakhs in the corresponding previous year. The Company incurred aloss of Rs. 13.92 lakhs as compared to loss of Rs. 66.81 lakhs in the previous year. TheCompany’s reserve and surplus decreased from Rs. 244.32 Lakhs to Rs. 230.40 Lakhs.4.DEPOSITS:Your Company has not accepted any deposits within the meaning of section 73 of theCompanies, 2013 and the Companies (Acceptance of Deposits) Rules, 2014.13

Pecos Hotels and Pubs LimitedAnnual Report 2021-225.SHARE CAPITAL:At present, the Company has only one class of shares – equity shares with face value of Rs. 10each. The paid up share capital of the Company is Rs. 130.98 Lakhs. Divided into 13,09,875equity shares of Rs. 10/- each.During the year under review, the Company has not issued shares with differential votingrights nor granted stock options nor sweat equity.6.SUBSIDIARIES/ JOINT VENTURES/ ASSOCIATES:As on date the Company does not have any subsidiary, joint venture or associate company.7.CHANGES IN NATURE OF BUSINESS:There is no significant change made in the nature of the company during the financial year.8.PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION186 OF THE COMPANIES ACT, 2013:Details of Loans, guarantees or Investments, if any, covered under the provision of Section 186of the Companies Act, 2013 are given in the notes to the Financial Statements.9.DETAILS OF SIGNIFICANT AND MATERIAL ORDERS:No such orders have been passed by the Regulators/ Courts or Tribunals which can impact thegoing concern status and company’s operation in future.10. DETAILS OF ENERGY TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGSAND OUTGO:(a) Conservation of Energy:The Company requires energy for the purpose of general lighting, adequate measures for theconservation of energy are being undertaken by the Company through the exercise of generalchecks and controls.(b) Research and Development:The company has made efforts to develop food preparation practices that minimize the use ofenergy(c) Technology Absorption, Adaption and Innovation:14

Pecos Hotels and Pubs LimitedAnnual Report 2021-22(i) Efforts made:The company has implemented food preparation techniques of the highest standard andproper storage facility to control the wastage of raw materials and semi prepared foodand also efforts are made to develop the process that reduce energy consumptions.(ii) Benefits derived as a result of above efforts:The above efforts resulted in client enjoying a better quality product that is delivered tothem quicker and also resulted in reduction of cost of production and enhancing highermargin.(d) Foreign Exchange Earnings and outgo:Your company does not have any foreign exchange earnings and outgo during the yearunder review.11.EXTRACTS OF ANNUAL RETURN:The extracts of Annual Return to the provisions of Section 92 read with Rule 12 of theCompanies (Management and Administration) Rules, 2014, in MGT-9 is attached herewith asAnnexure I.12. RISK MANAGEMENT:The Company has established a well-defined process of risk management, wherein theidentification, analysis and assessment of the various risks, measuring of the probable impactof such risks, formulation of risk mitigation strategy and implementation of the same takesplace in a structured manner. Though the various risks associated with the business cannot beeliminated completely, all efforts are made to minimize the impact of such risks on theoperations of the Company. In the opinion of the Board there are no risks which would threatenthe existence of the Company.13. DIRECTORS AND KEY MANAGERIAL PERSONNEL:The Board of Directors of your Company has varied executive and non-executive directorsincluding Independent Directors who have wide and varied experience in different disciplinesof corporate functioning.In accordance with the provisions of Section 152 of the Companies Act, 2013 and Articles ofAssociation of the Company, Mr. Liam Norman Timms (DIN: 06453032) retires by rotation atthe ensuing Annual General Meeting and being eligible in terms of Section 164 of the Act offershimself for re-appointment.As required under Section 203 of the Companies Act, 2013, the Company has Mr. Liam cutiveDirector,15

Pecos Hotels and Pubs LimitedAnnual Report 2021-22Mr. Shailesh B. M., Chief Financial Officer and Mr. Rajiv Kumar Sharma as Company Secretaryunder Key Managerial Personnel of the Company.14. DECLARATION BY INDEPENDENT DIRECTORS:Pursuant to provisions of Section 149 of the Companies Act, 2013, Ms. Nina Nayar,Mr. Koilpillai Joseph Davaraj and Mr. Lloyd John Pereira were re-appointed as an IndependentDirectors at the Annual General Meeting of the Company held on September 03, 2020. Theterms and condition of appointment of Independent Directors are as per Schedule IV of theCompanies Act, 2013. They have submitted a declaration that each of them meets the criteria ofIndependence as provided in Section 149(6) of the Companies Act, 2013 and there has been nochange in the circumstances which may affect their status as Independent Director during theyear.15. MEETING OF BOARD OF DIRECTORS:During the year under review, 6 Board Meetings were held. The intervening gap betweenthe meetings was within the period prescribed under the Companies Act, 2013SR.NO123456Date on which board Meetings wereheld22-April ovember-202104-March-202216. DIRECTORS RESPONSIBILITY STATEMENT:In accordance with provisions of Section 134(5) of the Companies Act, 2013 the Board herebysubmits its Responsibility Statement:i.In the preparation of the annual accounts, the applicable accounting standards had beenfollowed along with proper explanation relating to material departures;ii. The directors had selected such accounting policies and applied them consistently andmade 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 year31st March, 2022 and of the profit and loss of the company for that period;16

Pecos Hotels and Pubs LimitedAnnual Report 2021-22iii. The directors have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of this Act for safeguarding theassets of the Company and for preventing and detecting fraud and other irregularities;iv. The directors had prepared the annual accounts on a going concern basis;v. The directors, in the case of a listed company, had laid down internal financial controls tobe followed by the company and that such internal financial controls are adequate andwere operating effectively.vi. The directors had devised proper systems to ensure compliance with the provisions of allapplicable laws and that such systems were adequate and operating effectively.17. CORPORATE SOCIAL RESPONSIBILITY:Since the Company’s Net worth does not exceed Rs. 500 crores or the Company’s turnoverdoes not exceed Rs. 1000 crores or the Company’s Net Profit does not exceed Rs. 5 Crores forany Financial Year, the provisions of section 135 of the Companies Act, 2013 are not applicable.18. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES:The particulars of Contracts or Arrangements made with related parties made pursuant toSection 188 of the Companies Act, 2013 is furnished in form AOC-2 is attached herewith asAnnexure II.19. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE(PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013The Company has a policy for prevention of sexual harassment at the workplace. In accordancewith the Sexual Harassment of Women at the Workplace (Prevention, Prohibition andRedressal) Act, 2013 (“POSH Act”) and rules made there under, the Company has constituted anInternal Compliant Committee (ICC) in Corporate Office. During the year, the ICC received nocomplaints from the Company. Details of this policy is available on the company’s website atwww.pecospub.com.20. VIGIL MECHANISM POLICYYour Company has established a reputation for conducting business with integrity and has zerotolerance for any act /form of unethical behavior. In view of this, the Audit Committee of theBoard oversees the functioning of this policy. Details of this policy is available on the company’swebsite at www.pecospub.com17

Pecos Hotels and Pubs LimitedAnnual Report 2021-2221. AUDITORS:Pursuant to provisions of section 139 of the Companies Act, 2013 and the rules framed thereunder, M/s Phillipos & Co., Chartered Accountants were appointed as Statutory Auditors ofthe company at the Extraordinary General Meeting of the company held on 5th June 2020subject to approval by the shareholders at the Annual General Meeting held on 3rd September,2020 of the Company for a term of five consecutive years. Pursuant to the amendments made toSection 139 of the Companies Act, 2013 by the Companies (Amendment) Act, 2017 effectivefrom May 7, 2018, the requirement of seeking ratification of the Members for the appointmentof the Statutory Auditors has been withdrawn from the Statute.22. AUDITORS’ REPORT AND SECRETARIAL AUDITORS’ REPORTThe auditors’ report and secretarial auditors’ report does not contain any qualifications,reservations or adverse remarks. Report of the secretarial auditor is given as an Annexure IIIwhich forms part of this report.23. CORPORATE GOVERNANCEThe Company has taken adequate steps to adhere to all the stipulations laid down underSecurities and Exchange Board of India (Listing Obligations and Disclosure Requirements)Regulations, 2015. A report on Corporate Governance included as a part of this Annual Reportis given in Annexure-IV.24. MANAGEMENT DISCUSSSION AND ANALYSIS REPORT:The Management Discussion and Analysis Report is given as an Annexure V which forms partof this report.25. INTERNAL FINANCIAL CONTROLS:The Company has in place adequate internal financial controls with reference to financialstatements. During the year, such controls were tested and no reportable material weakness inoperation was observed.26. BOARD EVALUATION:The Board has carried out an evaluation of its own performance, the directors individually aswell as the working of its Committees.18

Pecos Hotels and Pubs LimitedAnnual Report 2021-2227. USE OF PROCEEDS:The proceeds from the Issue of the Company stated in the Prospectus/ Offer Document hasbeen fully utilized for the purpose for which they were raised and there is no deviation in theutilization of proceeds.28. DISCLOSURES PURSUANT TO SECTION 197 (12) OF THE COMPANIES ACT, 2013 ANDTHE RULES MADE THEREUNDER / PARTICULAR OF EMPLOYEES:The information required under section 197 of the Companies Act, 2013 read withRule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules,2014 are given below:a. The ratio of remuneration of each director to the median remuneration of theemployees of the company for the financial year:Ratio to medianremunerationName of the DirectorsExecutive DirectorsMr. Liam Norman Timms6.02:1Mr. Pradosh Dhanaraj3.25:1For this purpose, sitting fees paid to the directors has not been considered asRemuneration.b. The percentage increase in remuneration of each Director, Chief Financial Officer,Chief Executive Officer, Company Secretary or Manager, if any, in the FinancialYear:NameMr. Liam Norman TimmsMr. Pradosh DhanrajMr. Shailesh BMMr. Rajiv Kumar orChief ase)(23.75%)17.91%1.50%3.38%

Pecos Hotels and Pubs LimitedAnnual Report 2021-22c. The percentage increase in the median remuneration of employees in thefinancial year: 2.20%d. The number of permanent employees on the rolls of company: 21e. Average percentile increase already made in the salaries of employees other thanthe managerial personnel in the last financial year and its comparison with thepercentile increase in the managerial remuneration and justification thereof andpoint out if there are any exceptional circumstances for increase in themanagerial remuneration: NILf. The key parameters for any variable component of remuneration availed by thedirectors: Not Applicableg. Affirmation that the remuneration is as per the remuneration policy of thecompany:The Company affirms remuneration is as per the remuneration policy of the Company.29. ACKNOWLEDGEMENT:The Board of Directors gratefully acknowledges the assistance and co-operation received fromthe Banks and all statutory and non statutory agencies for their cooperation. The Board ofDirectors also wish to place on record their gratitude and appreciation to the members for theirtrust and confidence shown in the Company.The Board of Directors would like to especially thank all the employees of the Company fortheir dedication and loyalty.For and on behalf of the BoardDate: 30.08.2022Place: BengaluruSD/Liam Norman TimmsWhole Time Director(DIN: 06453032)20

Pecos Hotels and Pubs LimitedAnnual Report 2021-22ANNEXURE IForm No.MGT-9EXTRACT OF ANNUAL RETURN AS ON THE FINANCIAL YEAR ENDED ON31 S T MARCH, 2022Pursuant to section 92(3) of the Companies Act, 2013 and rule12 (1) of theCompanies (Management and Administration) Rules, 2014I. REGISTRATION AND OTHER DETAILS:CINL55101KA2005PLC035603Registration Date14/02/2005iii.Name of the CompanyPECOS HOTELS AND PUBS LIMITEDiv.Category/Sub-Category of the CompanyCompany limited by sharesIndian Non-Government Companyi.ii.v.vi.vii.Address of the Registered of office and contactdetails# 34, Rest House Road,Whether listed companyYesName, Address and Contact details of Registra

To, Listing Department, The Bombay Stock Exchange, Phirozee Jeejeebhoy Towers, Dalal Steet Fort, Mumbai -400 001 Dear Sir/Madam, August 30, 2022