AXON VENTURES LIMITED (Formerly Axon Finance Limited) CIN : L65999MH1982PLCO27945

Date: 05/05/2018

Regd. Off: Shop No. 26, Meera Co.-Op. Hsg Soc., New Link Road, Near Oshiwara Police Station, Andheri (West), Mumbai - 400053 Tel: 022 - 65368222 Email: axoninfotechltd@gmail.com Website: www.axoninfotech.in

To, The Bombay Stock Exchange Ltd Corporate Relationship Dept, 1st Floor, New Trading Ring, Rotunda Building, P. J. Towers, Dalal Street, Fort, Mumbai - 400 001

BSE Scrip Code: 505506 Sub: Outcome of Adjourned (02/2018-19) Board Meeting

Dear Sir,

This is to inform that 02/2018-2019 meeting of the Board of Directors of the company was held on Saturday, 05th May 2018, at E-109, Crystal Plaza, Opp. Infiniti Mall, New Link Road, Andheri (West), Mumbai - 400053 at 12.30 P.M and concluded at 4.30 P.M. The Board considered and approved the following:

1. Audited Financial results for the quarter and Year ended 31st March 2018 along with Audit Report thereon.

2. Resignation of Ms. Prajna Naik, from the post of Company Secretary & Compliance Officer of the Company w.e.f. 14th April 2018 due to some personal reason.

3. Appointment of A.M. Gohel & Co. Chartered Accountants (FRN: 136626W) as internal Auditor of the company to conduct audit for FY 2018-19.

4. Appointment of Mr. Girraj Kishor Agrawal as Compliance officer of the company.

The company is hereby disclosing the following details of as mandated under the provisions of Regulation 30 and SEBI circular dated 9th September 2015, regarding Continuous Disclosure requirements for Listed Entities:

Brief Profile of Internal Auditor

Name of Internal Auditor Mr. Abhay Gohel Membership no. 152864

Qualifications B.Com, ACA, Dip. IFRS (ACCA - UK)

Directorship held in other companies NIL

Reason for Change Appointed as Internal Auditor for F.Y. 2018-19

Brief Profile Mr. Abhay is Qualified Chartered Accountant having more than 8 years of experience in accounts, audit and taxation. Abhay gained diversified experience by handling accounting, audits and financial consulting as per Indian GAAP as well as IFRS of real estate sector, manufacturing sector, service sector and banking sector including foreign banks having their branches in India. He also possesses deep

Regd. Off: Shop No. 26, Meera Co.-Op. Hsg Soc., New Link Road, Near Oshiwara Police Station, Andheri (West), Mumbai - 400053 Tel: 022 - 65368222 Email: axoninfotechltd@gmail.com Webs ite : www.axoninfotec h. i n

AXON VENTURES LIMITED (Formerly Axon Finance Limited) CIN : L65999MH1982PLCO27945

knowledge on GST law and has helped many companies to understand GST impact on their profitability. He has also done his Diploma in IFRS (UK) and has worked on many assignment of first time adoption of IND AS converged with IFRS.

Brief Profile of Compliance Officer

Name of the Compliance Officer Mr. Girraj Kishor Agrawal Date of Birth 19/05/1964 Date of Appointment 05.05.2018 Permanent Account Number (PAN) AABPA4928N No. of equity shares held in the Company Nil Qualifications B.Com and Chartered Accountant Reason for Change Appointed as Compliance Officer of the

company Brief Profile He is a Chartered Accountant. His vast

experience is backed by astute and dynamic leadership qualities. He has expertise in Taxation, Corporate Laws and Finance. He has wide and vast experience in Corporate Finance like ICD's, Bill Discounting, Project financing, Hire-Purchase, finance, and investment banking as he had been instrumental in syndicating such services to the clients. His vision to take the Company to the new orbit that helps the Company to achieve the stringent targets and to claim the position of one of the best governance players in the market.

Pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015 we enclose the following:

1. Statement showing the audited financial result for the quarter and year ended 31st March 2018; and

2. Auditor's Report with Unmodified Opinions on Audited Financial Results for the quarter and year ended March 31, 2018.

Kindly acknowledge the Receipt.

Thanking You

Yours Faithfully For Axon Ventures Limite

Girraj Kishor Agrawal (Director) DIN: 00290959

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AXON VENTURES LIMITED Regd. Off.: Shop No. 26, Meera Co-op Hsg Soc, Near Oshiwara Police Station Andheri (West),

Mumbai, 400053

Statement of Assests and Liabilities as at 31st March, 2018 Sr. No.

Particulars As at

31st March, 18 As at

31st March, 17

1 ASSETS Non-current assets

(a) Property , plant and equipment 0.338 0.080 (b) Financial Asset -

(i) Investments - - (c) Deffered Tax Assets (net) - - (d) Other Non Current Assets - -

Total non-current assets 0.338 0.080 Current assets

(a) Inventories - - (b) Financial assets

(i) Investments 503.816 640.724 (ii) Trade receivables 43.667 - (iii) Cash and cash equivalents 3.286 2.682 (iv) Bank Balances other than above (iii) 4.333 70.874 (iv) Loans 786.018 627.498 (v) Other financial assets 20.737 , 20.258

(b) Current Tax Asset (net) - (c) Other current assets -

Total current assets 1,361.857 1,362.036 TOTAL ASSETS 1,362.196 _ 1,362.116

II. EQUITY AND LIABILITIES Equity

(a) Share Capital ■ 764.000 764.000 (b) Other equity (Reserve & Surplus) 558.091 585.147

Equity attributable to shareholders of the Company (a) Non-controlling interests - -

Total Equity 1,322.091 1,349.147

2 Liabilities Non-Current Liabilities

(a) Financial liabilities - - (i) Long-term borrowings - - (ii) Trade Paybles - - (iii) Other financial liabilities - -

(b) Provisions - - (c) Deffered Tax Liability (net) 9.384 12.813 (d) Other Non Current Liability -

Total Non-current liabilities 9.384 12.813

Current liabilities (a) Financial Liabilities

(i) Short-term borrowings 30.000 - (ii) Trade Paybles 0.597 0.127 (iii) Other financial liabilities -

(b) Other Current Liabilities (net) 0.124 0.029 (c) Provisions - (d) Current Tax Liability (net) - -

Total current liabilities 30.721 0.156 TOTAL EQUITY AND LIABILITIES 1,362.196 1,362.116

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