Ajanta Soya Ltd Directors Report

TO THE MEMBERS OF AJANTA SOYA LIMITED

Your directors are pleased to present the 35 Annual Report on the business and operations of the Company and the

financial accounts for the year ended 31 March, 2026.

Financial Highlights

(Rs. in Lakhs)

Particulars	Current Year (2026)	Previous Year (2025)
Revenue from operations	1,30,767.05	1,32,981.12
Other Income	697.36	868.10
Profit/(Loss) before exceptional Items and Tax	1,206.79	3,631.73
Exceptional Items (Net)	0.00	0.00
Profit/(Loss) before Tax	1,206.79	3,631.73
Tax Expense	369.26	917.17
Profit/(Loss) after Tax	837.53	2,714.56
Other Comprehensive Income (Net of Tax)	75.84	99.68
Total Comprehensive Income for the year	913.37	2,814.24
Transfer to Reserve	Nil	Nil
Reserves and surpluses	14,575.88	13,738.35
Earning per share	1.04	3.37

Company Performance

During the financial year under review, the Company recorded total income of Rs. 1,31,464.41 Lakhs as compared to Rs. 1,33,849.22 Lakhs in the previous year. The total expenses stood at Rs. 1,30,257.62 Lakhs as against Rs. 1,30,217.49 Lakhs in the previous year. The Company recorded a Profit After Tax (PAT) of Rs. 837.53 Lakhs as compared to Rs. 2,714.56 Lakhs in the previous year.

Your Directors and the management remain focused on strengthening the operational performance of the Company through optimum utilisation of manufacturing facilities, increasing plant throughput and improving overall operational efficiency.

Statement of Companys Affair

The Company is engaged in the business of manufacturing of Vanaspati and Refined Oil with shortening products (bakery & biscuit). During the year, company has produced 90,118.949 MT of Vanaspati/Refined Oil as against 94,977.469 MT in the previous year.

The most popular brands of Vanaspati/refined oil and bakery shortening are "Dhruv", "Anchal", "Parv", "ASL", "ASL Pure", "ASL Fine Fingers" and "Nutri 1992" etc. and all are which enjoy a considerable market share. Detailed information on the operations of the Company and details on the state of affairs of the Company are covered in the Management Discussion and Analysis Report attached to this report.

Change in nature of Business of the Company

There has been no change in business of the Company.

Material Changes etc.

Save as mentioned elsewhere in this Report, no material changes and commitments affecting the financial position of the

Company have occurred between the end of the financial year of the Company 31 March, 2026 and the date of this Report.

Dividend

The Board of Directors of your Company has decided to retain and plough back the profits into the business of the Company; thus, no dividend is recommended for this year.

Transfer of Amounts to Investor Education and Protection Fund

Your Company did not have any funds lying unpaid or unclaimed for a period of seven years. Therefore, there were no funds which were required to be transferred to Investor Education and Protection Fund (IEPF).

Share Capital

The paid-up Equity Share Capital as on 31 March, 2026 was Rs. 1609.66 Lakhs. During the year under review, the Company has not issued any Shares. The Company has not issued shares with differential voting rights. It has neither issued employee stock options nor sweat equity shares and does not have any scheme to fund its employees to purchase the shares of the Company.

Utilization of Issue Proceeds

During the period under review, Company has not raised any funds through preferential allotment or qualified institutions placement.

Particulars of Loans, Guarantees or Investments under Section 186 of the Companies Act, 2013

Pursuant to Section 134(3)(g) of the Companies Act, 2013 details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013 are as under below.

Detail of Investment as on 31 March, 2026

Name of Company	(Rs. in Lakhs)*
DG Estates Private Limited (2,94,500 equity shares of Rs. 10/- each).	173.75
Dhruv Globals Limited (3,68,050 equity shares of Rs. 10/- each).	749.24
Ajanta Realtech Private Limited (95,000 equity shares of Rs. 10/- each).	113.85

*Fair Value of Investments as per Ind AS.

During the financial year ended 31 March, 2026, no Guarantee and Loan u/s 186 of the Companies Act, 2013 was made by the Company.

Disclosure on Deposit under Chapter V

The Company has neither accepted nor renewed any deposits during the Financial Year 2025-26 in terms of Chapter V of the Companies Act, 2013.

Report on Subsidiaries, Associates and Joint Venture companies

The Company has no subsidiaries, associates and joint ventures companies.

Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo

Pursuant to provisions of Section 134 of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014 the details of Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo are attached as Annexure 1 which forms part of this report.

Listing

At present, the equity shares of the Company are listed at BSE Limited (BSE). The annual listing fees for the financial year 2026-27 to BSE Limited have been paid.

Management Discussion and Analysis Report

In terms of the provisions of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 as amended from time to time, the Managements Discussion and Analysis Report is provided in a separate section and forms an integral part of this Report.

Corporate Governance

Corporate Governance is all about ethical conduct, openness, integrity and accountability of an enterprise. Good Corporate Governance involves a commitment of the Company to run the business in a legal, ethical and transparent manner and runs from the top and permeates throughout the organization. It involves a set of relationships between a Companys management, its Board, shareholders and Stakeholders. It is a key element in improving the economic efficiency of the enterprise. Credibility offered by Corporate Governance helps in improving the confidence of the investors both domestic and foreign, and establishing productive and lasting business relationship with all stakeholders.

At Ajanta Soya Limited Corporate Governance is more a way of business life than a mere legal obligation. Strong governance practices of the Company have been rewarded in the Company.

A Certificate from Statutory Auditors of the Company regarding compliance of the conditions of Corporate Governance, as stipulated under Schedule V of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 is attached in the Corporate Governance Report and forms part of this report.

Certificate of the CEO/CFO, inter-alia, confirming the correctness of the financial statements, compliance with Companys Code of Conduct, adequacy of the internal control measures and reporting of matters to the auditors and the Audit committee in terms of Regulation 17 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 is attached in the Corporate Governance report, and forms part of this report.

Credit Rating

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During the year CRISIL Ratings Limited has assigned the Bank Loan External Ratings of the Company dated 2 June, 2025 as mentioned below:

Total Bank Loan Facilities Rated	Rs. 170 Crore
Long-Term Rating	CRISIL BBB-/Positive (Outlook revised from Stable; Rating Reaffirmed)
Short-Term Rating	CRISIL A3 (Reaffirmed)

Board of Directors

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As on 31 March, 2026, the Board has 6 (Six) members comprising of 3 (three) Executive Directors and 3 (three) Independent Directors including one Woman Director. Details of the Board composition are provided in the Corporate Governance Report, which forms part of this Integrated Annual Report.

During the year under review and between the end of the financial year and date of this report, following are the changes in Directors of the Company:

a. Retirement by rotation and subsequent reappointment

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i. Mr. Abhey Goyal (DIN: 02321262) who retires by rotation on the AGM held on 30 September, 2025 was reappointed as Director in pursuant to the provisions of Section 152 of the Companies Act, 2013.

ii. In Pursuant to Sections 149, 152 and other applicable provisions, if any, of the Companies Act, 2013, one-third of such of the Directors as are liable to retire by rotation, shall retire every year and, if eligible, offer themselves for re-appointment at every Annual General Meeting (AGM). Consequently, Mr. Arun Tyagi (DIN: 10461507), Director will retire by rotation at the ensuing AGM, and being eligible, offer himself for re-appointment in accordance with the provisions of the Companies Act, 2013.

b. Re-appointment of Managing Director

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The term of appointment of Mr. Sushil Kumar Goyal as Managing Director was expired on 25 July, 2026. Further, on the recommendation of Nomination & Remuneration Committee, the Board of Directors of the Company had in its

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meeting held on 30 June, 2026, Re-appointed Mr. Sushil Kumar Goyal (DIN:00125275) as a Managing Director for a

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period of 3 years with effect from 26 July, 2026, subject to the approval of Members in their General Meeting. The terms and conditions for his re-appointment are contained in the explanatory statement forming part of the notice of the ensuing Annual General Meeting.

c. Re-appointment of Whole time Director

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The term of appointment of Mr. Abhey Goyal as Whole Time Director was expired on 30 June, 2026. Further, on the recommendation of Nomination & Remuneration Committee, the Board of Directors of the Company had in its

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meeting held on 30 June, 2026, Re-appointed Mr. Abhey Goyal (DIN: 02321262) as a Whole time Director for a

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period of 3 years with effect from 1 July, 2026, subject to the approval of Members in their General Meeting. The terms and conditions for his re-appointment are contained in the explanatory statement forming part of the notice of the ensuing Annual General Meeting.

d. Profile of directors seeking appointment / re-appointment

Pursuant to and in compliance with the provisions of Regulation 36(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended read with the provisions of the Secretarial Standard on General Meetings issued by the Institute of Company Secretaries of India ("SS-2"), particulars of the directors seeking appointment / re-appointment at the ensuing AGM are annexed to the notice convening Thirty-Fifth AGM.

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During the Financial Year ended on 31 March, 2026, no director of the Company has resigned.

None of the aforesaid Directors of the Company is disqualified from being appointed as directors, as specified in Section 164(1) and Section 164(2) of the Companies Act, 2013 and Rule 14(1) of Companies (Appointment and Qualification of directors) Rules, 2014. Further, they are not debarred from holding the office of Director pursuant to order of SEBI or any other authority.

e. Declaration by Independent Directors

Pursuant to provisions of Section 134(3)(d) of the Companies Act, 2013, with respect to statement on declaration given by Independent Directors under Section 149(6) of the Companies Act, 2013 and under Regulation 16 and 25 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board hereby confirms that all the Independent Directors of the Company have given a declaration and have confirmed that they meet the criteria of Independence and there has been no change in the circumstances affecting their status as Independent Director of the Company.

The Independent Directors have also complied with the Code for Independent Directors as per Schedule IV of the Companies Act, 2013. All our Independent Directors are registered on the Independent Directors Databank.

After undertaking a due assessment of their disclosures, in the opinion of the Board of Directors, all the Independent Directors fulfilled the requirements of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and were Independent of the management of the Company.

In terms of the provisions of rule 8(5)(iiia) of the Companies (Accounts) Rules, 2014, the Board opines that the Independent Directors so appointed/re-appointed hold highest standards of integrity and possess necessary expertise and experience.

Key Managerial Personnel

The Key Managerial Personnel (KMP) in the Company as per Section 2(51) and 203 of the Companies Act, 2013 are as follows:

Mr. Sushil Kumar Goyal: -Managing Director

Mr. Abhey Goyal: -Whole Time Director

Mr. Arun Tyagi: -Whole Time Director

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Mr. Jai Gopal Sharma: -Chief Financial Officer (ceased effective 30 June, 2026, upon superannuation)

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Mr. Anil Kumar Rana: -Chief Financial Officer (appointed effective 1 July, 2026)

Mr. Kapil: -Company Secretary

Policy on Directors appointment and Policy on remuneration

Pursuant to the requirement under Section 134(3)(e) and Section 178(3) of the Companies Act, 2013 and Regulation 19 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, The Company has a policy for selection and appointment of Directors, KMPs and Senior Management Personnel and for determination of their remuneration ("Nomination & Remuneration Policy").

Following are the salient features of the Nomination & Remuneration Policy:

To lay down clear criteria and terms and conditions for identifying individuals who are qualified to become Directors (executive, non-executive, including independent directors), Key Managerial Personnel, and those who may be appointed to senior management positions.

To provide a well-defined framework for the remuneration of Directors, Key Managerial Personnel, and Senior Management Personnel, ensuring it aligns with the Companys business strategies, core values, key priorities, and long-term goals.

The Nomination & Remuneration Policy is available on the Companys website at: https://drive.google.com/file/d/1yhjJhYns7u_5t7sJ5swkLSMFFYvx5Dn8/view

Particulars of employees and related disclosure

Information as per Section 197 (12) of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is provided in Annexure 2 of this Report.

The statement containing particulars of the top 10 employees and the employees drawing remuneration in excess of limits prescribed under Section 197(12) of the Companies Act, 2013 read with Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is provided in the Annexure forming part of this Report. Further, the report and the accounts are being sent to the Members excluding the aforesaid annexure. In terms of Section 136 of the Companies Act, 2013, the said annexure is open for inspection and any Member interested in obtaining a copy of the same may write to the Company Secretary at cs@ajantasoya.com.

Number of Meetings of the Board

During the Financial Year 2025-26, 5 (Five) number of Board meetings were held. For details there of kindly refer to the section Board of Directors in the Corporate Governance Report.

Board Committees

As on the date of this report the Board has the following committees:

Audit Committee

Nomination and Remuneration Committee

Stakeholders Relationship Committee

Corporate Social Responsibility Committee

All the recommendations made by the Board Committees, were accepted by the Board.

Composition of Audit Committee

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As on 31 March, 2026, the Audit Committee of the Company comprises the following Directors:

Sl No. Name	Category	Designation
1. Mr. Alok Narayan Pandey	Non-Executive & Independent Director	Chairman
2. Mr. Rupesh Deorah	Non-Executive & Independent Director	Member
3. Mr. Abhey Goyal	Executive & Promoter Director	Member

Further, all recommendations of Audit Committee were accepted by the Board of Directors.

Performance Evaluation of the Board, its Committees and Individual Directors

Pursuant to applicable provisions of the Companies Act, 2013 and the SEBI Listing Agreement with Stock Exchanges, the Board, in consultation with its Nomination & Remuneration Committee, has formulated a framework containing, inter-alia, the criteria for performance evaluation of the entire Board of the Company, its Committees and Individual Directors, including Independent Directors.

A structured questionnaire has been prepared, covering various aspects of the functioning of the Board and its Committee, such as, adequacy of the constitution and composition of the Board and its Committees, matters addressed in the Board and Committee meetings, processes followed at the meeting, Boards focus, regulatory compliances and Corporate Governance, etc. Similarly, for evaluation of Individual Directors performance, the questionnaire covers various aspects like his/her profile, contribution in Board and Committee meetings, execution and performance of specific duties, obligations, regulatory compliances and governance, etc.

Board members had submitted their response on a scale of 5 (excellent) 1 (poor) for evaluating the entire Board, respective Committees of which they are members and of their peer Board members, including Chairman of the Board.

The Independent Directors had met separately without the presence of Non-Independent Directors and the members of management and discussed, inter-alia, the performance of non-Independent Directors and Board as a whole and the performance of the Chairman of the Company after taking into consideration the views of executive and Non-Executive Directors.

As part of the evaluation process, the performance of Non-Independent Directors, the Chairman and the Board was conducted by the Independent Directors. The performance evaluation of the respective Committees and that of Independent and Non-Independent Directors was done by the Board excluding the Director being evaluated.

The performance evaluation of all the Independent Directors have been done by the entire Board, excluding the Director being evaluated. On the basis of performance evaluation done by the Board, it shall be determined whether to extend or continue their term of appointment, whenever the respective term expires. The Directors expressed their satisfaction with the evaluation process.

Statutory Auditors and their Report

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At the 31 Annual General Meeting of the Company held on 30 September, 2022, the Members approved the appointment of M/s TAS Associates, Chartered Accountants, (FRN: 010520N) as Statutory Auditors of the Company to

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hold office as the statutory Auditors for a period of five (5) years from the conclusion of the 31 Annual General Meeting till

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the conclusion of the 36 Annual General Meeting of the Company. During the year, the Statutory Auditors have confirmed that they satisfy the independence criteria required under the Companies Act, 2013.

There are no observations (including any qualification, reservation, adverse remark or disclaimer) of the Auditors in their Audit Report that may call for any explanation from the Directors. Further, the notes to accounts referred to in the Auditors Report are self-explanatory.

Cost Auditors and their Report

During the Financial Year 2025-26, pursuant to the provisions of Section 148 of the Companies Act, 2013, read with the rules made thereunder, M/s K. G. Goyal & Associates, Cost Accountants (Firm Registration No. 000024), were re-appointed as the Cost Auditors of the Company to conduct the cost audit of the cost records maintained by the Company in respect of the

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various products covered under the applicable Cost Audit Rules for the Financial Year ended 31 March, 2026.

Subsequent to the end of the Financial Year 2025-26, M/s K. G. Goyal & Associates, Cost Accountants (Firm Registration No. 000024), have also been appointed as the Cost Auditors of the Company for the Financial Year 2026-27 by the Board of Directors, upon the recommendation of the Audit Committee. The requisite resolution for ratification of the remuneration of the Cost Auditors by the Members of the Company has been set out in the Notice convening the ensuing Annual General Meeting.

The Cost Auditors have certified that their appointment is within the limits prescribed under Section 141(3)(g) of the Companies Act, 2013 and that they are not disqualified from appointment within the meaning of the Companies Act, 2013.

Maintenance of cost records

Pursuant to the provisions under Section 148 of the Companies Act, 2013 read with Rules framed thereunder, the Directors confirm that the proper Cost accounts and records are maintained by the Company in terms of the Companies Act, 2013.

Secretarial Auditors and their Report

Pursuant to section 204 of the Companies Act, 2013, read with the rule made thereunder and Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, M/s. R&D Company Secretaries, Practicing Company Secretaries; Firm Unique Identification No. P2005DE011200) were appointed as a Secretarial Auditor to undertake the Secretarial Audit of the Company for the first term of five consecutive years from financial year 2025-26 to financial year 2029-30. M/s. R&D Company Secretaries has confirmed that the firm is not disqualified to continue as a Secretarial Auditor and is eligible to hold office as Secretarial Auditor of the Company.

M/s. R&D Company Secretaries, has issued the Secretarial Audit Report for FY 2025-26 which is annexed as Annexure 3 to this report.

In compliance with Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Annual Secretarial Compliance Report issued by the Secretarial Auditor was submitted to the Stock Exchanges within the statutory timelines.

The Secretarial Audit Report and the Annual Secretarial Compliance Report did not contain any qualification, reservation, adverse remarks or observation.

Internal Auditors

In terms of the provisions of Section 138 of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, and based on the recommendation of the Audit Committee, the Board of Directors has appointed M/s Talati and Talati LLP, Chartered Accountants (Firm Registration No. 110758W/W100377), as the Internal Auditors of the Company to conduct the internal audit for the financial year 2026-27.

Details in respect of frauds reported by Auditors other than those which are reportable to the Central Government

The Statutory Auditors, Cost Auditors, Secretarial Auditors and Internal Auditors of the Company have not reported any frauds to the Audit Committee or to the Board of Directors under Section 143(12) of the Companies Act, 2013, including rules made thereunder.

Insolvency & Bankruptcy Code, 2016

There were no proceedings initiated/pending against the Company under the Insolvency and Bankruptcy Code, 2016 which impacts the business of the Company.

Directors Responsibility Statement

Pursuant to the provisions under Section 134(5) of the Companies Act, 2013, with respect to Directors Responsibility Statement, the Directors confirm:

a) that in the preparation of the Annual Accounts, the applicable Accounting Standards have been followed along with proper explanation relating to material departures;

b) that they had selected such accounting policies and applied them consistently and made judgements 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 and loss of the Company for that period;

c) that they had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) that they had prepared the annual accounts on a going concern basis;

e) that they had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively; and

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

Corporate Social Responsibility (CSR)

Your Company has always been undertaking CSR activities on a significant scale, upholding the belief that Corporates have a special and continuing responsibility towards social development.

The vision of ASL CSR activities to make sustainable impact on the human development of underserved communities through initiatives in Education, Health and Livelihoods has been formally codified with the constitution of a dedicated Corporate Social Responsibility Committee of the Board as per of section 135 of the Companies Act, 2013 and Rules framed thereunder. The CSR Committee of the Company helps the Company to frame, monitor and execute the CSR activities of the Company. The Committee defines the parameters and observes them for effective discharge of the social responsibility of your Company. The CSR Policy of your Company outlines the Companys philosophy & the mechanism for undertaking socially useful programmes for welfare & sustainable development of the community at large as part of its duties as a responsible corporate citizen. Details regarding the constitution, roles and functions of the Corporate Social Responsibility Committee are given in the Report on Corporate Governance.

Further, the Board of Directors of your Company has also adopted the CSR Policy of the Company as approved by the Corporate Social Responsibility Committee which is also available on the website of the Company at www.ajantasoya.com.

As per Section 135 of the Companies Act, 2013, the Company has a Corporate Social Responsibility (CSR) Committee of its Board of Directors. The Committee comprises:

Sl No.	Name	Category	Designation
1.	Mr. Alok Narayan Pandey	Non-Executive & Independent Director	Chairman
2.	Mr. Sushil Kumar Goyal	Executive & Promoter Director	Member
3.	Mr. Abhey Goyal	Executive & Promoter Director	Member

During the year under review the Company has been actively involved in CSR activities. The Company has spent the requisite amount in line with the recommendations by the CSR Committee and approval of the Board of Directors of the Company.

Details about the CSR policy and initiatives taken by the Company during the year are available on Companys website www.ajantasoya.com. The Annual Report on CSR activities is attached as Annexure 4 to this Report.

Internal Financial Controls System

Pursuant to Section 134(5)(e) of the Companies Act, 2013, Internal Financial Controls ("IFC") mean the policies and procedures adopted by the Company for ensuring the orderly and efficient conduct of its business, including adherence to the Companys policies, safeguarding of its assets, prevention and detection of frauds and errors, accuracy and completeness of accounting records, and timely preparation of reliable financial information.

The Company has established adequate and effective Internal Financial Controls commensurate with the nature and size of its business. These controls ensure that the Companys assets are safeguarded, transactions are properly authorised, recorded and reported, and operations are carried out in accordance with the Companys policies, Standard Operating Procedures (SOPs) and applicable laws.

Internal Audit of the Company is conducted on a regular basis to review the adequacy and effectiveness of its internal control systems and processes. The Internal Audit Reports, together with the managements responses and the implementation status of the recommendations, are periodically reviewed by the Audit Committee of the Board.

The details of the Internal Financial Controls and their adequacy, as required under Rule 8(5)(viii) of the Companies (Accounts) Rules, 2014, are provided in the Management Discussion and Analysis Report, which forms part of this Annual Report.

Risk Management Policy

The Company has adopted a Risk Management Policy in accordance with the provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It establishes various levels of accountability and overview within the Company, while vesting identified managers with responsibility for each significant risk.

The Internal Audit Department facilitates the execution of Risk Management Practices in the Company, in the areas of risk identification, assessment, monitoring, mitigation and reporting. Through this programme, each Function and Unit addresses opportunities and risks through a comprehensive approach aligned to the Companys objectives. The Company has laid down procedures to inform the Audit Committee as well as the Board of Directors about risk assessment and management procedures and status.

This risk management process, which is facilitated by internal audit, covers risk identification, assessment, analysis and mitigation. Incorporating sustainability in the process also helps to align potential exposures with the risk appetite and highlights risks associated with chosen strategies. The major risks forming part of the Enterprise Risk Management process are linked to the audit universe and are covered as part of the annual risk based audit plan.

Vigil Mechanism and Whistle Blower Policy

The Company has adopted a Vigil Mechanism and Whistle Blower Policy, to provide a formal mechanism to the Directors and employees to report their concerns about unethical behavior, actual or suspected fraud or violation of the Companys Code of Conduct or ethics policy. The Policy provides for adequate safeguards against victimization of employees who avail of the mechanism and also provides for direct access to the Chairman of the Audit Committee.

It is affirmed that no personnel of the Company have been denied access to the Audit Committee.

Statement under Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013

Pursuant to the legislation The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, the Company has a Policy on Prevention of Sexual Harassment at Workplace. Your Company has constituted an Internal Complaints Committee (ICC) to investigate and resolve sexual harassment complaints.

The Company in its endeavour for zero tolerance towards any kind of harassment, including sexual harassment, or discrimination at the workplace has in accordance with the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

During the year under review, the Company has not received any complaint under the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013.

No. of complaints filed	No. of complaints disposed	No. of complaints
during the year	off during the year	pending
Nil	Nil	Nil

Compliance with Maternity Benefit Act, 1961

Your Company is committed to ensuring a safe, supportive, and inclusive workplace for all women employees. During the year under review, your Company has complied with the provisions of Maternity Benefit Act, 1961 as amended from time to time.

Extract of Annual Return

As per Section 134(3)(a) of the Companies Act, 2013, the Annual Return referred to in Section 92(3) has been placed on the website of the Company www.ajantasoya.com under the Investors Section http://ajantasoya.com/annual-reports-2/.

Contracts or arrangements with Related Parties under Section 188(1) of the Companies Act, 2013

In line with the requirements of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time, the Company has adopted a Policy on Related Party Transactions ("RPT Policy"). The RPT Policy captures framework for Related Party Transactions and intends to ensure that proper reporting, approval and disclosure processes are in place for all transactions with related parties. The RPT Policy of the Company is available on the Companys website at https://drive.google.com/file/d/1PkTFqlmDVU5OtfDwUBQwJC_kqApWcFy5/view

With reference to Section 134(3)(h) of the Companies Act, 2013, during the year, the Company had not entered into any contract or arrangement with related parties which could be considered material according to the policy of the Company on Materiality of Related Party Transactions. All Related Party Transactions are placed before the Audit Committee for its review and approval. An omnibus approval from Audit Committee is obtained for the related party transactions which are repetitive in nature. Further, all transactions with related parties entered into during the year under review were at arms length basis and in the ordinary course of business and in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and your Companys Policy on Related Party Transactions, hence the disclosure under Form AOC-2 is not applicable to the Company and hence does not form part of this report. All related party transactions are disclosed in Note No. 41 of the financial statements.

Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, your Company has filed the reports on related party transactions with the Stock Exchanges within statutory timelines.

Significant and material orders passed by the Regulators or Courts or Tribunals impacting the going concerns status and companys operations in future

The Company has not received any significant or material orders passed by any regulatory Authority, Court or Tribunal which shall impact the going concern status and Companys operations in future.

Secretarial Standards

The Company is in compliance with the relevant provisions of Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2) issued by the Institute of Company Secretaries of India and approved by the Central Government and all other Secretarial Standards from time to time.

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

During the year under review, no such valuation was required to be done.

Acknowledgements

Your Directors place on record their gratitude to the Central Government, State Governments and Companys Bankers for the assistance, co-operation and encouragement they extended to the Company. Your Directors also wish to place on record their sincere thanks and appreciation for the continuing support and unstinting efforts of investors, vendors, dealers, business associates and employees in ensuring an excellent all around operational performance.