Agastya Energy and Infrastructure Ltd Directors Report

To

The Members

SANGINITA CHEMICALS LIMITED

Your Directors take pleasure in presenting the TWENTY FIRST Annual Report of the Company together with Audited Financial Statements for the financial year ended on 31^st March, 2026.

FINANCIAL SUMMARY/HIGHLIGHTS:

The brief financial results are as under:

(Rs. In lakhs)

Particulars	2025-26	2024-25
Gross Revenue from	-	-
Operation	17645.81	22967.50
Other income	38.47	26.17
Total revenue	17684.28	22993.67
Profit/(Loss) before Depreciation and
Tax Less: Depreciation	(753.38)	250.63
Profit/(Loss) Before Tax and Extra	219.15	167.75
Ordinary Items Less: Extra Ordinary	(972.52)	82.88
Items	-	-
Less: Current Tax	-	9.64
Deferred Tax	(3.79)	11.39
Profit/(Loss) After Tax	(968.73)	61.85
Add: previous year	1794.17	1732.32
Profit/(Loss) Balance Carried to Balance Sheet	825.44	1794.17

The Gross revenue from operations of the Company for the year 2025-26 has decreased from Rs. 22,967.50 Lakhs to Rs. 17,645.81 Lakhs. Moreover, there was loss before Depreciation and Tax of Rs. 753.38 Lakhs as compared to profit before depreciation and tax of Rs. 250.63 Lakhs.

SUBSIDIARY COMPANIES/JOINT VENTURE COMPANY/ASSOCIATE COMPANY:

As on the date of this report and during the year under review, the Company does not have any Subsidiary Companies or Joint Venture Company or Associate Company.

MATERIAL CHANGES AND COMMITMENT:

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

REASONS FOR REVISION OF FINANCIAL STATEMENT OR REPORT:

During the year, the financial statement or report was not revised. Hence further details are not applicable.

DIVIDEND:

In view of losses, your Directors express their inability to declare any dividend.

TRANSFER TO RESERVE:

Your Directors find it prudent not to transfer any amount to General Reserve.

INCREASE IN AUTHORISED SHARE CAPITAL:

The Board of Directors at their meeting held on 20^th March, 2026 have approved and recommended the increase in Authorised Share Capital by creation of additional 5,00,00,000 (Five Crores) equity shares of Rs. 10/- each aggregating to Rs. 50,00,00,000 (Rupees Fifty Crore) thereby increasing the Authorised Share Capital from Rs.

27.00. 00.000 (Rupees Twenty Seven Crore) divided into 2,70,00,000 (Two Crore Seventy Lakh) equity shares of Rs. 10/- (Rupees Ten only) each to Rs. 77,00,00,000 (Rupees Seventy Seven Crore Only) divided into

7.70.00. 000 (Seven Crore Seventy Lakhs) equity shares of Rs. 10/- (Rupees Ten only). Moreover, the members of the Company at the Extra Ordinary General Meeting held on 11^th April, 2026 have also approved the said increase in Authorised Share Capital.

PREFERENTIAL ISSUE OF EQUITY SHARES:

The Board of Directors at their meeting held on 20^th March, 2026 approved to offer and issue upto 1,52,87,356 (One Crore Fifty Two Lakh Eighty Seven Thousand Three Hundred Fifty Six) Equity Shares of the Company of face value of Rs. 10/- (Rupees Ten) each, fully paid-up at an Issue Price of Rs. 13.05 per Equity Share (Rupees Thirteen and Paisa Five Only) including a premium of Rs. 3.05 (Rupees Three and Paisa Five Only) per Equity Share on preferential basis through private placement to B N G Investment LLC being the shareholders of Agastya Green Energy Limited ("aGeL"), (CIN: U35100MH2025PLC443898) for consideration other than cash i.e. in lieu of acquisition of their entire 100% stake in the equity share capital of AGEL through swapping of Equity Shares of the Company in accordance with Chapter V of SEBI (ICDR) Regulations, 2018 or other applicable provisions of the law.

Moreover, the Board of Directors at their meeting held on 20^th March, 2026 also approved to offer and issue upto 1,91,57,080 (One Crore Ninety One Lakh Fifty Seven Thousand Eighty Equity Shares of the Company of face value of Rs. 10/- (Rupees Ten) each, fully paid-up, at an Issue Price of Rs.13.05 per Equity Share (Rupees Thirteen and Paise Five Only) including a premium of Rs. 3.05 (Rupees Three and Paise Five Only) per Equity Share aggregating to Rs. 24,99,99,894 (Indian Rupees Twenty Four Crore Ninety Nine Lakhs Ninety Nine Thousand Eight Hundred and Ninety Four only) on preferential basis through private placement to B N G Investment LLC for the consideration in cash.

Both the above proposal has been approved by the members of the Company at the EGM held on 11 ^th April, 2026. However, the further requisite process for the same is pending as on the date of this report.

PROPOSED ACQUISITION OF SHARES OF AGASTYA GREEN ENERGY PRIVATE LIMITED ("AGEPL"):

Pursuant to Share Swap & Share Purchase Agreement ("SSSPA") dated 20^th March,2026, the Company has agreed to acquire 100% stake of AGEL in lieu of a share swap through a preferential allotment of equity shares of the Company to the existing shareholder of AGEL, i.e. B N G Investment LLC, in accordance with Chapter V of the SEBI ICDR Regulations. The requisite process for the same is pending as on the date of this report.

PUBLIC ANNOUNCEMENT UNDER TAKEOVER CODE:

Pursuant to SSSPA dated 20^th March, 2026, M/s BNG Investments LLC has agreed to acquire 1,52,87,356 equity shares for consideration other than cash and 1,91,57,080 equity shares for consideration in cash. Moreover, M/s B N G Investments LLC and Mr. Anubhav Agarwal (Acquirers) has agreed to acquire 65,78,994 equity shares held by the existing Promoters and Promoter Group of the Company. Pursuant to SEBI Takeover Code, the acquirers have given Public Announcement (PA) and also Detailed Public Statement (DPS) for making open offer for acquisition of 1,56,89,957 equity shares of Rs. 10/- each representing 26% of the emerging fully diluted voting equity share capital from Public shareholders at a cash price of Rs. 13.55/- per equity share. The Company has received PA & DPS from the acquirers and the same was also intimated to the NSE. The further requisite process for the same is pending as on the date of this report.

DIRECTORS & KEY MANAGERIAL PERSONNEL:

Pursuant to the provisions of Section 152 of the Companies Act, 2013 the Director retiring by rotation will be finalized in due course and will be intimated through the Notice convening the AGM.

During the year under review, Mr. Dineshsinh B. Chavada has resigned as Managing Director of the Company w.e.f. 17th September, 2025. However, as on the date of this report, he continued to remain and Chairperson and Director of the Company.

During the year Ms. Sangitaben D. Chavda has resigned as Chief Financial Officer of the Company w.e.f. 1st August, 2025. The Company has appointed Mr. Dipakkumar B. Chavda as Chief Financial Officer of the Company w.e.f. 1st November, 2025. Further Mr. Dipakkumar B. Chavda also resigned as Chief Financial Officer of the Company w.e.f. 25th April, 2026. Hence, the Company has appointed Ms. Sangitaben D. Chavda as Chief Financial Officer of the Company w.e.f. 25th April, 2026.

During the year, Ms. Saroj Jagetia resigned and Company Secretary and Compliance Officer of the Company w.e.f. 1st August, 2025. However, she was appointed as Compliance Officer of the Company w.e.f. 1st November, 2025 and was also appointed as Company Secretary of the Company w.e.f. 1st February, 2026. However, Ms. Saroj Jagetia resigned as Company Secretary and Compliance Officer of the Company w.e.f.

4th April, 2026. As on the date of this report, the Company is in the process of finding suitable person to be appointed in place of her.

Moreover, in view of recent developments, there may be changes in the Board of Directors of the Company.

UTILISATION OF ISSUE PROCEEDS:

There was no issue proceeds received by the Company during the year under review. In the past, the Company had fully utilized the proceeds of the Rights issue in accordance with the purpose for which funds were raised. The object/purpose of the proposed preferential allotment is disclosed in the Explanatory statement attached to the Notice convening EGM held on 11^th April, 2026.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the requirement of Section 134(5) of the Companies Act, 2013, with respect to Directors Responsibility Statement, it is hereby confirmed:

1. that in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

2. that the Directors had 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 at the end of the financial year and of the profit or loss of the Company for that period;

3. that the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

4. that the Directors had prepared the annual accounts on a going concern basis; and

5. that the directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.

6. that the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

COMPLIANCES OF APPLICABLE SECRETARIAL STANDARDS:

The Company has complied with applicable Secretarial Standards during the year under review.

FORMAL EVALUATION BY BOARD OF ITS OWN PERFORMANCE:

Pursuant to the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, the Board has carried out an annual performance evaluation of its own performance, the directors individually as well as the evaluation of the working of Audit and Nomination & Remuneration Committees based on the criteria and framework adopted by the Board.

NUMBER OF MEETINGS OF BOARD:

The Board of Directors duly met 5 (Five) times on 22^nd April, 2025, 11^th July, 2025, 10^th October, 2025, 10^th January, 2026 and 20^th March, 2026.

INDEPENDENT DIRECTORS:

In respect of the year under review and till the date of this report, the Company has received necessary Declaration from each Independent Director/s under Section 149(7) of the Companies Act, 2013 that they meet the criteria of Independence laid down in Section 149(6) of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. The Board of Directors is of the opinion that the Independent Directors fulfils the criteria of independence and are independent from the management of the Company.

Regarding proficiency, the Company has adopted requisite steps towards the inclusion of the names of all Independent Directors in the data bank maintained with the Indian Institute of Corporate Affairs, Manesar (‘IICA). Accordingly, all the Independent Directors of the Company have registered themselves with IICA for the said purpose. In terms of Section 150 of the Act read with the Companies (Appointment & Qualification of Directors) Rules, 2014, as amended vide Notification No. GSR.774(E), dated 18.12.2020, since majority of the Independent Directors of the Company have served as Directors for a period of not less than three (3) years on the Board of Listed Company as on the date of inclusion of their names in the database. Mr. Pramodsinh Dabhi, Independent Director has informed the Company that he has duly passed the online assessment test.

ISSUE OF EQUITY SHARES WITH DIFFERENTIAL VOTING RIGHTS / SWEAT EQUITY SHARES / EMPLOYEE STOCK OPTION SCHEME:

During the year, the Company has not issued any equity shares with differential voting rights or sweat equity shares or shares under employee stock option scheme. Hence disclosure regarding the same is not given.

AUDITORS:

M/s. B. K. Chavda & Co., Chartered Accountants, the existing auditors of the Company were appointed as Auditors of the Company at the 19^th AGM for holding the office from the conclusion of that 19^th AGM till the conclusion of 24^th AGM. At the same AGM, any one of the Directors of the Company was authorized to fix the remuneration of the Statutory Auditors.

In view of the Companies (Amendment) Act, 2017, the first proviso in sub-section (!) in section 139 of the Companies Act, 2013 being omitted, the said appointment of auditor is no longer required to be ratified by the members at every annual general meeting.

The Board has duly reviewed the Statutory Auditors Report on the Accounts. The observations, comments and notes of the Auditor are self-explanatory and do not call for any further explanation /clarification.

COST AUDITORS AND COST AUDIT REPORT:

Pursuant to Section 148 of the Companies Act, 2013, the Board of Directors on recommendation of Audit Committee have appointed M/s. A G Tulsian & Co., Cost Accountants, as Cost Auditors of the Company for the financial year 2025-26. M/s A. G. Tulsian & Co. have confirmed that their appointment is within the limits of the Section 139 of the Companies Act, 2013 and have also certified that they are free from any disqualifications specified under Section 141 of the Companies Act, 2013.

The Audit Committee has also received a certificate from the Cost Auditor certifying their independence and arms length relationship with the Company. The Cost Audit Report for the financial year 2024-25 was filed with the Ministry of Corporate Affairs on 29^th July, 2025.

As required under the Companies Act, 2013 the remuneration payable to the Cost Auditor is required to be placed before the Members in the General Meeting for their ratification. Accordingly necessary resolution seeking Members approval for ratification of remuneration payable to the Cost Auditor was approved by the members of the Company.

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, Company has appointed M/s. Manoj Hurkat & Associates, firm of Company Secretaries in Practice to undertake Secretarial Audit of the Company. The Secretarial Audit Report is annexed herewith as "Annexure- 1".

Pursuant to recent SEBI-LODR Amendments, the Company has appointed M/s. Manoj Hurkat & Associates, Practicing Company Secretary to undertake Secretarial Audit of the Company for a term of five consecutive financial years i.e. from financial year 2025-26 to 2029-30.

AUDIT COMMITTEE:

As on the date of this report, the Audit Committee consists of the following Directors:

S.No,	Name of Director	Designaton	Category
1	Mr. Jagdishkumar Thakor	Non-Executive Independent Director	Chairperson
2	Mr. Faiyazkhan Pathan	Non-Executive Independent Director	Member
3	Mr. Vijaysinh Chavda	Executive-Whole Time Director	Member

NOMINATION & REMUNERATION COMMITTEE:

As on the date of this report, the Nomination and Remuneration Committee consists of the following Directors:

S.No,	Name of Director	Designaton	Category
1	Mr. Faiyazkhan Pathan	Non-Executive Independent Director	Chairperson
2	Mr. Jagdishkumar Thakor	Non-Executive Independent Director	Member
3	Mr. Pramodsinh D. Dabhi	Non-Executive Independent Director	Member

STAKEHOLDERS RELATIONSHIP COMMITTEE:

As on the date of this report, the Stakeholders Relationship Committee consists of the following Directors:

S.No,	Name of Director	Designaton	Category
1	Mr. Faiyazkhan Pathan	Non-Executive Independent Director	Chairperson
2	Mr. Jagdishkumar Thakor	Non-Executive Independent Director	Member
3	Mr. Vijaysinh Chavda	Executive-Whole Time Director	Member

RISK MANAGEMENT POLICY/PLAN:

It may please be noted that as per the applicable requirement of Companies Act, 2013 a risk management policy/plan of the Company is developed and implemented for creating and protecting the Shareholders value by minimizing threats or losses and to identify and provide a framework that enables future activities of a Company to take place in a consistent and controlled manner. The Risk Management Policy of the Company is available on the Companys website at https: //www. s anginitachemi cals. co.in/Investor-Rel ati on/e-01. pdf

VIGIL MECHANISM:

The Company has a vigil mechanism for its directors and employees, to deal with instance of fraud/ mismanagement, if any and to report concerns about unethical behavior, actual or suspected fraud or violation of the Companys code of conduct or ethics policy. The details of the policy are posted on the website of the Company.

CODE OF BUSINESS CONDUCT AND ETHICS:

The Company has laid down a Code of Conduct (COC) which is applicable to all the Board members and Senior Management of the Company. The COC is available on the website of the Company https://www.sanginitachemicals.co.in/Investor-Relation/d-01.pdf. All the members of the Board and Senior Management have affirmed compliance with the Code.

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORK PLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013:

The Company has in place an Anti-Sexual Harassment measures in line with the requirements of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. During the year, there were no complaints received under the said act. Moreover, there was no complaint pending at the end of the financial year. The Company has complied with all the applicable provisions of the said Act including the constitution of internal complaints committee.

MATERNITY BENEFIT ACT, 1961:

The Company has ensured adherence to all applicable provisions under the Maternity Benefit Act, 1961. REMUNERATION POLICY:

The Board has, on the recommendation of the Nomination & Remuneration Committee framed a policy for selection and appointment of Directors, Senior Management and their remuneration.

The Companys shareholders may refer the Companys website i.e.

https://www.sanginitachemicals.co.in/Investor-Relation/Other-Policies/Other-Policies-02.pdf for the detailed Nomination & Remuneration Policy of the Company on the appointment and remuneration of Directors including criteria for determining qualifications, positive attributes, independence of a Director; and other matters provided under sub-section (3) of Section 178.

The Companys remuneration policy is directed towards rewarding performance based on review of achievements periodically. The remuneration policy is in consonance with the existing industry practice.

ANALYSIS OF REMUNERATION:

The details of remuneration paid to Directors and Key Managerial Personnel is given in extract of Annual Return placed on the website of the Company i.e. www.sanginitachemicals.co.in.

Disclosure/details pursuant to provisions of Section 197(12) of the Companies Act 2013 read with Companies (appointment and Remuneration of managerial personnel) Rules, 2014 are given as follows:

Names and Designation	[A] Ratio of Directors Remuneration to the median Remuneration of Employees	[B] Percentage (%) increase in Remuneration
Mr. Dineshsinh B. Chavada (Chairperson & Managing Director)	1.01	Nil
Mr. Vijaysinh D. Chavda (Whole Time Director)	2.85	Nil
Mrs. Hansaben D. Chavada (Director)	Nil	Nil
Mr. Faiyazkhan Y. Pathan (Independent Director)	Nil	Nil
Mr. Jagdishkumar V. Thakor (Independent Director)	Nil	Nil
Mr. Pramodisnh D. Dabhi (Independent Director)	Nil	Nil

The median remuneration of employees of the Company during the financial year was Rs. 2,73,233/- p.a.

[C] Percentage increase/(decrease) in the median Remuneration of Employees	7.04%
[D] Number of permanent Employees on the rolls of Company	38 (Thirty Eight)
[E] Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof	There was increase of more than 10% in the average salaries of employees other than managerial personnel in the year 2025-26. There was decrease of 1.81% in the Managerial Remuneration in the year 2025-26. There was no significant change in the remuneration to CFO and CS in the year 202526.

It is hereby affirmed that the remuneration is as per remuneration policy of the Company.

PARTICULARS OF EMPLOYEES:

The statement showing the names of the top ten employees in terms of remuneration drawn is given as "Annexure - 2."

There are no employees of the Company drawing remuneration requiring disclosure of information under Section 134 of the Companies Act, 2013 read with Rule 5(2) of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014.

DETAILS OF THE REMUNERATION TO MD/WTD (AS PER CLAUSE-IV OF SECTION-II OF PART-II OF SCHEDULE V):

(i) All elements of the remuneration package such as salary, benefits, bonuses, stock options and pension: The details are given in Annual Return placed on the website of the Company.

(ii) Details of fixed component and performance-linked incentives, along with the performance criteria: The details are given in Annual Return placed on the website of the Company and performance criteria is linked with net profit of the Company.

(iii) Service contracts, notice period and severance fees:

The term of Whole Time Director is valid till 22^nd November, 2027. Notice period is 6 months on either side or the Company paying 6 months remuneration in lieu of such notice and no severance fees.

(iv) Stock option details, if any, and whether these have been issued at a discount, as well as the period over which they accrued and how they are exercisable:

The Company has not granted any stock option.

REGULATORY ORDERS:

During the year, there were no significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and Companys operations in future.

CSR COMMITTEE:

As the requirement of CSR Committee is not applicable to the Company, no further details/disclosure required to be given in this regard.

DETAILS ON CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:

(A) Conservation of energy
(i) the steps taken or impact on conservation of energy	The Company accords high priority to conservation of energy. However, there are no specific steps taken in this regard.
(ii) the steps taken by the company for utilizing alternate sources of energy	The Company is not utilizing alternate sources of energy.
(iii) the capital investment on energy conservation equipments	NIL
(B) Technology absorption
(i) the efforts made towards technology absorption	NIL
(ii) the benefits derived like product improvement, cost reduction, product development or import Substitution	NIL
(iii) in case of imported technology (imported during the last three years reckoned from the beginning of the financial year)	The Company has not imported any technology during the year. Hence, there are no details to be furnished under each of the sub clauses in this clause.
(a) the details of technology imported;
(b) the year of import;
(c) whether the technology been fully absorbed;
(d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof; and
(iv) the expenditure incurred on Research and Development	There is no expenditure incurred on Research and Development by the Company.
(C) Foreign exchange earnings and Outgo
The Foreign Exchange earned in terms of actual inflows during the year and	Nil
The Foreign Exchange outgo during the year in terms of actual outflows

INTERNAL FINANICAL CONTROL:

The Directors has laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and have been operating effectively.

DEPOSITS:

During the year under report, your Company has not accepted any deposits pursuant to Section 73 of the Companies Act, 2013. Hence further details are not given.

Details of money accepted (if any during the year) by the Company from the Directors and/or the relatives of Directors of the Company are given in the notes to the Financial Statements and the same are not deposit as per the applicable provisions of Companies Act, 2013 and rules made thereunder.

CORPORATE GOVERNANCE:

The Corporate Governance Report forms an integral part of this Report and annexed hereto as "Annexure- 3", together with the Certificate from the Practicing Company Secretary regarding compliance with the requirements of Corporate Governance as stipulated in Part C of Schedule V to the SEBI (Listing Obligations & Disclosure Requirement) Regulations 2015.

EXTRACT OF ANNUAL RETURN:

In Compliance to the provisions of Section 92 and Section 134 of the Act read with Rule 12 of the Companies (Management and Administration) Rules, 2014, the copy of the Annual Return of the Company for the financial year ended 31^st March, 2026 has been available on the Companys website at www. sanginitachemi cals.co.in.

PARTICULARS OF LOANS, INVESTMENTS OR GUARANTEES UNDER SECTION 186 OF THE COMPANIES ACT, 2013:

There are no Loans, Investments or Guarantees /Security given by the Company during the year under Section 186 of the Companies Act, 2013; hence no particulars are required to be given.

MANAGEMENT DISCUSSION AND ANALYSIS:

Necessary Management Discussion and Analysis Report, pursuant to Regulation 34(2)(e) of The SEBI (LODR) Regulations, 2015 is appended as "Annexure - 4" to Directors Report.

RELATED PARTY TRANSACTION:

There are no particulars of contacts or arrangements with related parties referred to in Section 188(1) of the Companies Act, 2013 which are required to be reported in the prescribed form AOC-2. The details of related party transactions as per IND AS-24 are otherwise reported in the financial statements. The related party transactions are otherwise carried out in the ordinary course of business and on arms length basis and the same are in the best interest of the Company. The related party transactions are due to business exigencies.

OTHER DISCLOSURES:

The 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:

There were no proceedings, either filed by the Company or against the Company, pending under the Insolvency and Bankruptcy Code, 2016 as amended, before the National Company Law Tribunal or any other Courts as on March 31, 2026.

The 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:

Since the Company has not undertaken any one-time settlements during the year under review, no disclosure is required.

APPRECIATION:

Your Directors wish to place on record their sincere appreciation for significant contribution made by the employees at all the levels through their dedication, hard work and commitment, thereby enabling the Company to boost its performance during the year under report.

Your Directors also take this opportunity to place on record the valuable co-operation and continuous support extended by its valued business associates, Practicing Company Secretary, Auditors, Supplier, Customers, Banks / Financial Institutions, Government authorities and the shareholders for their continuously reposed confidence in the Company and look forward to having the same support in all its future endeavors.

	By Order of the Board
	Dineshsinh B Chavada
	(DIN: 01497977)
Place: Gandhinagar Date: 25th April, 2026	Chairperson & Director