Akash Infraprojects Ltd Directors Report

To,

THE MEMBERS

Your directors have pleasure in presenting herewith the 26^th ANNUAL REPORT of Akash Infra-Projects Limited (‘the Company) together with the Audited Financial Statements (Standalone and Consolidated) and the Auditors Report thereon for the financial year ended March 31,2025.

1. FINANCIAL RESULTS:

The Financial Results of the Company for the year ended on March 31,2025 are as follows:-

(Amt. in Lakhsj

Particulars	Standalone		Consolidated
	2024-25	2023-24	2024-25	2023-24
Revenue from Operations	2651.41	5336.27	5799.64	5952.31
Other Income	57.36	242.66	74.80	249.96
Total Income	2708.77	5578.92	5874.44	6202.26
Total Expenses excluding Depreciation	2601.16	5420.71	5653.29	6042.60
and Amortization
Profit / (loss) Before Depreciation,	107.61	158.21	221.15	159.66
Amortization and Taxation
Depreciation and Amortization	57.48	82.92	115.51	100.36
Profit / (Loss) before Extra-Ordinary &	50.13	75.29	105.64	59.30
Exceptional Items
Extra Ordinary Items	?	??	??	??
Exceptional Items	?	??	??	??
Profit / (Loss) before Taxation	50.13	75.29	105.64	59.30
Provision for taxation - For Current Tax	7.82	12.36	7.82	12.36
Short/(Excess) provision of tax of earlier year	(0.61)	24.34	(0.61)	24.34
Deferred Tax Liability/(Assets)	6.87	4.11	6.87	4.11
Share of profit from associate companies	?	?	(2.20)	4.03
Profit / (Loss) after Taxation	36.05	34.48	89.36	22.52

2. OPERATIONS AND PERFORMANCE OF THE COMPANY:

a) Standalone:

During the year under review, total income of your Company was Rs. 2708.77 Lacs for the year as compared to Rs. 5578.92 Lacs for the previous year. However, the Companys net profit improved Rs. 36.05 Lacs for the year as compared to Rs. 34.48 Lacs for the previous year.

b) Consolidated:

During the year under review, total income of your Company was Rs. 5874.44 Lacs for the year as compared to Rs. 6202.26 Lacs for the previous year. However, the Companys net profit improved Rs. 89.36 Lacs for the year as compared to Rs. 22.52 Lacs for the previous year.

Looking ahead, the Company is actively pursuing new projects, which are expected to enhance both revenue and profitability in the coming years.

3. STATE OF AFFAIRS AND FUTURE OUTLOOK:

The Company is engaged in the business of civil constructions and undertakes various government contracts for construction, resurfacing, widening and repairs of the roads and Bridges mainly from the State Government Departments and Municipal and Local Bodies through tender bidding in state of Gujarat. The Company also undertakes the project for construction and development of commercial complex, Hotels, Hospitals.

During the year under review, the Company received various work orders from government and nongovernment authorities one of the same was work order from the Office of the Panchayat Himatnagar amounting to Rs. 59.73 crore for work of widening, strengthening and resurfacing of various road as and when required or in emergency under Sabarkantha District.

4. THE HIGHLIGHTS OF PERFORMANCE OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE COMPANIES AND THEIR CONTRIBUTION TO THE OVERALL PERFORMANCE OF THE COMPANY DURING THE PERIOD UNDER REPORT:

The company has 2 subsidiaries and 1 associate as on the date of report. The highlights of performance of Subsidiaries and Associate is mentioned in the financial statements and Form AOC-1 forming part of this Annual Report.

5. DIVIDEND:

In order to conserve the resources, your directors do not recommend any payment of dividend for the year under review.

Since there was no unpaid / unclaimed dividend in the Company for a period of seven years or more, the Company is not required to transfer any amount to the Investor Education and Protection Fund as required under the provision of Section 125 of the Companies Act, 2013.

6. TRANSFER TO RESERVES:

The Board of Directors have decided to retain the entire amount of profit under Retained Earnings. Accordingly, your Company has not transferred any amount to General Reserves for the year ended March 31,2025.

7. SHARE CAPITAL:

The paid-up Equity Share Capital as on March 31,2025 was Rs. 1,686.25 Lacs. During the year under review the Company has not issued any shares. No shares with differential voting rights, stock or sweat equity shares were issued by the Company during the year under review. During the year the Company has not transferred any Equity Shares to Investor Education and Protection Fund, pursuant to the provisions of sections 124 & 125 of the Companies Act, 2013 and Investor Education and Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016.

8. DIRECTORS AND KEY MANAGERIAL PERSONNEL:

In accordance with the provisions of Section 152 of the Companies Act, 2013 and the Rules framed thereunder, Shri Premalsinh P. Gol (DIN: 00463995), Wholetime Director and Shri Dineshbhai H.

Patel (DIN: 00468821), Whole-time Director will retire by rotation at the ensuing Annual General Meeting and they being eligible have offered themselves for reappointment.

The Board recommends passing of the resolutions.

During the year under review:

1. Shri Bhanuchandra Kashiram Bhavsar (DIN: 07709354), resigned as a Director (Independent Category) of the Company with effect from closure of business hours of 21^st May, 2024 due to personal reasons. The Board places appreciation for the services rendered by him during his tenure with the Company.

2. Shri Premalsinh Punjaji Gol (DIN:00463995), was appointed as an Additional Director and subsequently as Whole Time Director of the Company for a period of 3 years with effect from 7^th July, 2024.

3. Mrs. Bhavana Ambusinh Gol (DIN: 00464041), resigned as a Director (Non-Executive) of the Company with effect from 7^th July, 2024 due to other commitments and personal reasons. The Board places appreciation for the services rendered by her during her tenure with the Company.

4. Ms. Pinkalben Chavda (M. No. A67724) resigned from the position of Company Secretary and Compliance Officer with effect from 15^th January, 2025.

After the closure of the year under review:

1. Ms. Jaya (M. No. A76956) was appointed as Company Secretary and Compliance Officer of the company with effect from 25^th July, 2025.

As on 31.03.2025, following werethe Key Managerial Personnel of the Company:

- Shri Ambusinh Punjaji Gol - Chairman and Managing Director

- Shri Yoginkumar Haribhai Patel - Managing Director

- Shri Dineshbhai Haribhai Patel - Whole-time Director

- Shri Premalsinh Punjaji Gol - Whole-time Director

- Shri Sujit Kumar Padhi - Chief Financial Officer

- Ms.Pinkal Chavda - Company Secretary & Compliance Officer Number of Board Meetings of the Board:

During the year under review, the Board met 6 times on:

(1) 23rd April, 2024,	(2) 30th May, 2024,
(3) 07th July, 2024,	(4) 14th August, 2024
(5) 14th November, 2024, and	(6) 14th February, 2025

In respect of which meetings, proper notices were given and the proceedings were properly recorded and signed in the Minutes Book maintained for the purpose. The details pertaining to attendance in the said meeting are given in the Corporate Governance report as annexed to this report.

9. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Management Discussion and Analysis Report highlighting inter alia the business performance, risk management, internal control and affairs of the Company for the reporting year is attached as Annexure - I to this Report.

10. CORPORATE GOVERNANCE:

In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a Report on “Corporate Governance” is attached as an Annexure - II and forms part of this report.

11. SUBSIDIARY AND ASSOCIATE COMPANY:

As on March 31,2025 the Company has following subsidiary/ associate companies whose accounts are consolidated in the Company:

1. Akash Infra Inc., USA - Subsidiary Company

2. Akash International LLC, USA - Subsidiary Company

3. Akash Petroleum Private Limited- Associate Company

4. Akash Residency and Hospitality Private Limited- Associate of Akash Petroleum Private Limited

The salient features of the financial statement of these entities are set out in the prescribed Form AOC- 1 forms part of notes to accounts.

There has been no material change in the nature of business of the subsidiary and the Company does not have any material subsidiary. The Policy on Material Subsidiary framed by the Board of Directors of the Company is available on Companys website at

link:http://akashinfra.com/files/policies/Policv for detrmining material subsidiary.pdf

The Audited financial statements of all subsidiaries are available on the website of the Company www.akashinfra.com.

12. DECLARATION FROM INDEPENDENT DIRECTOR:

Pursuant to the provisions of Section 134 of Companies Act, 2013 with respect to the declaration given by the Independent Directors of the Company under Section 149(6) of the Companies Act, 2013, the Board hereby confirms that all the Independent Directors have given declarations and further confirms that they meet the criteria of Independence as per the provisions of Section 149(6) and Regulation 16(1 )(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time.

In terms of Regulation 25(8) of the Listing Regulations, the Independent Directors have confirmed that they were not aware of any circumstances or situation which exists or may be anticipated, that could impair or impact their ability to discharge their duties with an objective independent judgment and without any external influence.

In the opinion of the Board, all the Independent Directors possess requisite qualifications, experience, expertise including Proficiency and hold high standards of integrity for the purpose of Rule 8(5)(iiia) of the Companies (Accounts) Rules, 2014.

13. FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS:

The policy and details of familiarization programme imparted to the Independent Directors of the Company are available on the website of the Company under the following link: http://akashinfra.com/ files/policies/Policv%20on%20familiarisation%20Proqramme.pdf

The details of Familiarization program imparted to the Independent Directors pursuant to Regulation 25(7) of SEBI Listing Regulation are available on the website of the company www.akashinfra.com.

14. DEPOSITS:

During the year under review, the Company has not accepted any deposit within the meaning of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of Deposit) Rules, 2014.

15. MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION BETWEEN THE END OF THE FINANCIAL YEAR AND THE DATE OF THE REPORT:

There are no material changes and commitments affecting the financial position of the Company which occurred between the end of the financial year to which the financial statements relate and the date of this report. There has also been no change in the business of the Company.

16. SECRETARIAL STANDARDS:

The Board of Directors of the company confirms to the best of their knowledge and belief that the Company has complied with the applicable provisions of the Secretarial Standards issued by the Institute of Company Secretaries of India as amended from time to time and made applicable by the Ministry of Corporate Affairs during the financial year under review.

17. ANNUAL RETURN:

Pursuant to Section 134(3) (a) and Section 92(3) of the Act, the Copy of Annual Return of the Company for the financial year ended March 31, 2025is placed on the website of the Company at http:// akashinfra.com/announcements.php#tab01.

18. CONTRACTS OR AGREEMENTS WITH RELATED PARTIES:

All the transactions entered into by the Company during the year under review with the related parties as defined under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 were on arms length basis and in ordinary course of business.

There were no materially significant related party transactions entered into by the Company with the related parties during the year under review which may have potential conflict with the interest of the Company at large.

The policy on Related Party Transactions is uploaded on the Companies website at www.akashinfra.com.

The particulars of the contracts or arrangements with the related parties as per the provisions of Section 188 of the Companies Act, 2013 read with SEBI (LODR) Regulations, 2015 is given in prescribed Form AOC - 2 attached to the report as Annexure - III.

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

The particulars of loans, guarantees and investments under Section 186 of the Act, read with the Companies (Meetings of Board and its Powers) Rules, 2014, for the financial year 2024-25, if any made by the Company, form part of the Notes to the financial statements provided in this Annual Report.

20. AUDITORS AND THEIR REPORTS:

a) Statutory Auditors:

M/s. RRS & Associates, Chartered Accountants (Firm Registration No. 118336W), were appointed as Statutory Auditors of the Company, at the 23^rd Annual General Meeting held on 27^th September, 2022, for a term of 5 (Five) years to hold office till the conclusion of the 28^th Annual General Meeting to be held for the Financial Year 2026-27.

The Report given by M/s. RRS & Associates, Chartered Accountants on the Standalone and Consolidated financial statements of the Company for the financial year 2024-25 is part of the Annual Report and there are no qualification, reservation, disclaimer or adverse remark in the Auditors report and they have not reported any incident of fraud pursuant to the provision of Section 143(12) of the Act, accordingly, no such details are required to be reported under Section 134(3)(ca) of the Act.

b) Secretarial Auditors:

Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and Regulation 24A of SEBI Listing Regulations, M/s. V. N. Vasani & Associates, Practicing Company Secretaries, were appointed as Secretarial Auditors of the Company to conduct Secretarial Audit for the financial year 2024-25.

The Secretarial Audit Report submitted by them in prescribed Form MR-3 is attached as Annexure - IV to this report. There is no qualification, reservation, adverse remark or disclaimer given by the Secretarial Auditor in their Reports.

In compliance with Regulation 24A of the Listing Regulations and Section 204 of the Companies Act, 2013 read with rules thereto, the Board of Directors has appointed M/s. V. N. Vasani & Associates, Company Secretaries, as the Secretarial Auditors for a term of 5 consecutive years

i.e. from FY 2025-26 till FY 2029-30, subject to the approval of the members of the Company. A resolution to this effect is included in the notice of the ensuing Annual General Meeting, which may kindly be referred for more details.

c) Cost Auditors:

As per Section 148(3) of the Act read with the Companies (Cost Records and Audit) Rules, 2014, as amended from time to time, as per the recommendation of the Audit Committee, the Board of Directors at their meeting held on April 23, 2024, appointed M/s. Rahil Shah & Associates, Cost Accountants (Firm Registration Number 002123) as the Cost Auditors for the financial year 202425 to conduct audit of cost records made and maintained by the Company pertaining to Companys products.

Further the Board at its meeting held on May 30, 2025, on the recommendation of the Audit Committee, has appointed M/s. Rahil Shah & Associates, Cost Accountants (Firm Registration Number 002123) as the Cost Auditor of the Company for F.Y. 2025-26 under Section 148 and all other applicable provisions of the Act. The auditor has confirmed that he is free from disqualification specified under Section 141 (3) and proviso to Section 148(3) read with Section 141 (4) of the Act

and that the appointment meets the requirements of Section 141 (3)(g) of the Act. He has further confirmed his independent status and an arms length relationship with the Company.

The remuneration payable to the Cost Auditor is required to be placed before the Members in a General Meeting for their ratification. Accordingly, a resolution seeking Members ratification for the remuneration payable to Cost Auditor is included in the Notice convening the Annual General Meeting.

d) Internal Auditors:

As per Section 138 of the Act read with the Companies (Accounts) Rules, 2014, as amended from time to time, as per the recommendation of the Audit Committee, the Board of Directors at their meeting held on April 23, 2024, re-appointed M/s. Brijesh Thakkar & Associates, Chartered Accountants as the Internal Auditors for the financial year 2024-25 to conduct the internal audit of the various area of operations and records of the Company.

Further the Board at its meeting held on May 30, 2025, on the recommendation of the Audit Committee, has appointed M/s. P S P B & Associates, Chartered Accountants, as Internal Auditor of Company for F.Y. 2025-26.

21. MAINTENANCE OF COST RECORDS:

The Directors of the Company to the best of their knowledge and belief state that the Company has maintained adequate Cost records as required to be maintained by the Company under the provisions of Section 148 of the Companies Act, 2013 read with the relevant Rules framed thereunder.

22. FORMAL ANNUAL PERFORMANCE EVALUATION PROCESS BY BOARD:

During the year under the review, in compliance with the provisions of the Companies Act, 2013 and SEBI Listing Regulations, the Board has carried out an annual performance evaluation of the Board, Committees of the Board, the Individual Directors and the Chairman of the Company on the basis of attendance, contribution and various criteria as recommended by the Nomination and Remuneration Committee of the Company. The evaluation of the working of the Board, its committees, experience and expertise, performance of specific duties and obligations etc. were carried out. The Directors expressed their satisfaction with the evaluation process and outcome.

The Independent Directors also conducted a separate meeting on November14, 2024, without the participation of any other Director or Key Managerial Personnel, wherein the performance of the NonIndependent Directors, the Board as a whole and the Chairman of the Company was evaluated. The Independent Directors were satisfied with the overall functioning of the Board, its various committees and with the performance of other Non-Executive and Executive Directors.

23. PARTICULARS OF EMPLOYEES:

The disclosure required under 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 annexed as Annexure - V and forms an integral part of this Report.

The statement containing particulars of employees as required under section 197 of the Companies Act, 2013 read with Rule 5(2) and Rule 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, will be provided upon request. In terms of Section 136 of the Companies Act, 2013, the Report and accounts are being sent to the members and others entitled thereto, excluding the information on employees particulars which is available for inspection by members at the Registered office of the Company during business hours on working days of the Company between 11:00 A.M. to 04:00 P.M. upto the date of ensuing Annual General Meeting. If any member is interested in obtaining a copy thereof, such member may write to the Company Secretary in this regard.

24. POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION:

Pursuant to the requirements of Section 134 and 178 of the Companies Act, 2013, read with the relevant Rules framed thereunder, the policy on appointment of Board Members and policy on

remuneration of the Directors, KMPs and Senior Management is attached as per Annexure - VI to this Report. The Companys Policy for the appointment of Directors and KMPs and Senior Managerial Personnel and their Remuneration policy can be accessed on the Companys website at www.akashinfra.com.

25. DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the requirement of Section 134(5) of the Act, and based on the representations received from the management, the directors hereby confirm to the best of their knowledge that:

i. In the preparation of annual accounts for the financial year ended 31^st March, 2025, the applicable accounting standards have been followed and that no material departures have been made for the same;

ii. They have 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 of the Company for that period;

iii. They have 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;

iv. They have prepared the annual accounts on ‘going concern basis;

v. Proper internal financial controls are in place in the Company and that such internal financial controls are adequate and are operating effectively; and

vi. They have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

26. AUDIT COMMITTEE:

The Audit Committee of the Company as on March 31, 2025 consists of following Directors as its members:

Name of the Member	Position	Category
Mrs. Monika Shekhawat	Chairperson	Independent Director
Mr. Ashwinkumar Jani	Member	Independent Director
Mr. Yoginkumar Patel	Member	Executive Director
Mr. Ghanshyambhai Patel	Member	Independent Director

Further details pertaining to scope of committee and attendance in the meeting are given in the Corporate Governance report as annexed to this report.

27. CORPORATE SOCIAL RESPONSIBILITY:

Your Company does not fall under the criteria mentioned in the provision of Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility) Rules, 2014, and accordingly the Company is not required to constitute CSR Committee nor is it required to spend any amount in CSR Activity.

28. VIGIL MECHANISM / WHISTLE BLOWER POLICY:

The Company believes in the conduct of affairs of its constituents fairly and transparently by adopting the highest standards of professionalism, honesty, integrity and ethical behavior. Pursuant to provisions of Section 177 (9) of the Companies Act, 2013 read with Regulation 22 of the SEBI Listing Regulations and relevant rules framed thereunder the Company has established a Vigil Mechanism / Whistle Blower Policy for directors, employees or business associates for reporting the unethical behavior, malpractices, wrongful conduct, frauds, violations of the Companys code of conduct etc. by means of protected disclosure to the Chairman of the Audit Committee.

The policy also provides for adequate safeguard against victimization of the Directors / Employees who avail the services of said mechanism. The same is available on the Companys website at www.akashinfra.com.

29. RISK MANAGEMENT POLICY:

Your company has developed and implemented a Risk Management Policy pursuant to Section 134(3)(n) of the Companies Act, 2013 read with the relevant Rules framed thereunder, which includes identification of elements of risk, if any, which in the opinion of the Board, may threaten the existence of the Company.

The risk management process is designed to safeguard the organization from various risks through adequate and timely action. It is designed to anticipate, evaluate and mitigate risks in order to minimize its impact on the business. The risk management framework of the Company is appropriate compared to the size of the Company and the environment under which the Company operates.

At present, in the opinion of the Board there is no identification of Risk element that may threaten the existence of the Company.

30. THE DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 (31 OF 2016) DURING THE YEAR ALONGWITH THEIR STATUS AS AT THE END OF THE FINANCIAL YEAR:

During the year under review, no application or any proceedings are pending under the Insolvency and Bankruptcy Code, 2016.

31. 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:

During the year under review, no such instances have occurred in the Company.

32. INTERNAL FINANCIAL CONTROL AND ITS ADEQUACY:

The Company has adopted internal control system considering the nature of its business and the size and complexity of operations. The Board has adopted the policies and procedures for ensuring the orderly and efficient conduct of its business, including adherence to the Companys policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records and the timely preparation of reliable financial disclosures etc. Systems and procedures are periodically reviewed to keep pace with the growing size and complexity of your companys operations.

The internal auditor assesses opportunities for improvement of business processes, systems and controls, to provide recommendations, which can add value to the organization.

33. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:

The information on conservation of energy, technology absorption and foreign exchange earnings and outgo stipulated under Section134 (3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014, are enumerated as below:

Conservation of Energy:

1. The steps taken or impact on conservation of energy:

The Company has taken measures and applied strict control system to monitor day to day power consumption, to endeavor to ensure the optimal use of energy with minimum extent possible wastage as far as possible. The day-to-day consumption is monitored and various ways and means are adopted to reduce the power consumption in an effort to save energy.

2. The steps taken by the company for utilizing alternate sources of energy:

Company has not taken any step forutilizing alternate sources of energy.

3. The capital investment on energy conservation equipment:

Company has not made any capital investment on energy conservation equipment.

Technology Absorption:

Company has not imported any technology and hence there is nothing to be reported here.

Foreign Exchange Earning and Outgo:

There were no foreign exchange earnings and outgo during the year under review.

34. INDUSTRIAL RELATIONS:

The Companys industrial relations with its employees continued to be cordial throughout the year under review. Your Directors wish to place on record their appreciation for the excellent team work with which the workers and officers of the Company at all levels have contributed individually and collectively to the performance and growth of the Company.

35. DISCLOSURE UNDER SEXUAL HARRASMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013:

The Company has zero tolerance for sexual harassment at workplace and has adopted a policy for protection of the rights of Women at Workplace. An Internal Complaints Committee, under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, has also been set up to redress complaints received regarding sexual harassment.

Your Company firmly believes in providing a safe, supportive, and friendly workplace environment, a workplace where its values come to life through supporting behaviors. All employees (permanent, contractual, temporary, trainees) are covered under this policy and made aware about the consequences of such acts and about the constitution of ICC. The Policy is gender neutral.

Your Directors declare and confirm that, the Company has not received any complaint under the Sexual Harassment of women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and there is no case filed under the said act.

36. COMPLIANCE OF THE PROVISIONS RELATING TO THE MATERNITY BENEFIT ACT 1961.

The Company has complied with the provisions of the Maternity Benefit Act, 1961, including all applicable amendments and rules framed thereunder. The Company is committed to ensuring a safe, inclusive, and supportive workplace for women employees. All eligible women employees are provided with maternity benefits as prescribed under the Maternity Benefit Act, 1961, including paid maternity leave, nursing breaks, and protection from dismissal during maternity leave. The Company also ensures that no discrimination is made in recruitment or service conditions on the grounds of maternity. Necessary internal systems and HR policies are in place to uphold the spirit and letter of the legislation.

During the year under review, no women employees availed maternity leave. The Company also provides flexible working arrangements and nursing breaks to support employees in balancing work and family responsibilities.

37. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS:

No significant / material orders have been passed by any Regulators or Courts or Tribunals which shall affect the going concern status of the Companys operations as on date of this report.

38. ACKNOWLEDGEMENT:

The Directors express their gratitude to the Government of India, financial institutions, banks, and regulatory authorities for their continued support and cooperation. They also extend sincere thanks to

the Companys customers, vendors, suppliers, subcontractors, auditors, and all other stakeholders whose valuable contributions have supported the Companys growth.

The Directors appreciate the dedication and hard work of the Companys executives, staff, workers, and their families, whose commitment remains the foundation of its success. They also thank all members of the Company for their trust, encouragement, and ongoing support.

FOR AND ON BEHALF OF THE BOARD FOR AKASH INFRA-PROJECTS LIMITED

Place	: Gandhinagar	AMBUSINH P. GOL	YOGINKUMAR H. PATEL
Date	: 14/08/2025	CHAIRMAN & MANAGING DIRECTOR DIN : 00463376	MANAGING DIRECTOR DIN : 00463335