Alacrity Securities Ltd Directors Report

All the related party transactions are entered on arms length basis, in the ordinary course of business and are in compliance with the
applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

There are no materially significant related party transactions made by the Company with Promoters, Directors or Key Managerial Personnel
etc. which may have potential conflict with the interest of the Company at large or which warrants the approval of the shareholders.

The transactions are being reported in Form AOC-2 i.e. Annexure B in terms of Section 134 of the Act read with Rule 8 of the Companies
(Accounts) Rules, 2014.

However, the details of the transactions with Related Party are provided in the Companys financial statements (note 26) in accordance with
the Accounting Standards.

All Related Party Transactions are presented to the Audit Committee and the Board. Omnibus approval is obtained for the transactions
which are foreseen and repetitive in nature.

The Company has zero tolerance towards sexual harassment at the workplace and towards this end, has adopted a policy in line with the
provisions of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Rules thereunder. All
employees (permanent, contractual, temporary, trainees) are covered under the said policy.

The Company has complied with provisions relating to the constitution of Internal Complaints Committee under the Sexual Harassment of
Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 which redresses complaints received on sexual harassment.

During the financial year under review:

a) Number of complaints filed during the financial year: NIL

b) Number of complaints disposed of during the financial year: NIL

c) Number of complaints pending as on end of the financial year: NIL

Pursuant to the provisions of Section 92(3) of Companies Act, 2013 following is the link for Annual Return Financial Year 2025-26
https://www.alacritysec.com/annual-reports.php

During the financial year, the Board met 07 times on 27/05/2025, 09/07/2025, 11/08/2025, 05/09/2025, 11/11/2025, 29/01/2026 &
13/03/2026.

In terms of Section 134(5) of the Company Act, 2013 The Board of Directors of the Company hereby confirm:

* That in the preparation of the annual accounts, the applicable accounting standards have been followed and there has been no
material departure.

* That the selected accounting policies were applied consistently and the Directors 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 as on 31st March, 2026, and that of the profit of
the Company for the year ended on that date.

* That proper and sufficient care has been taken 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.

* That the annual accounts have been prepared on a going concern basis.

* The Board has laid down internal financial controls to be followed by the Company and that such internal financial controls are
adequate and were operating effectively.

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

The Company has neither accepted nor renewed any deposits during the year under review.

There are no material changes and commitments affecting the financial position of the Company occurred during the financial
year.

The information required under section 197 of the Act read with rule 5(1) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 is given as Annexure C to this report. In terms of provisions of Section 197(12) of the
Companies Act, 2013 read with Rules 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel)
Rules, 2014, a statement showing the names and other particulars of employees drawing remuneration in excess of the limits set out
in the said Rules, if any, forms part of the Report.

Mr. Kishore Vithaldas Shah (DIN: 01975061) is liable to retire by rotation in this ensuing Annual General Meeting and being eligible
he has offered himself for reappointment. Your directors recommend his reappointment. Pursuant to the provisions of Section 149 of
the Act, the Independent Directors have submitted declarations that each of them meets the criteria of independence as provided in
Section 149(6) of the Companies Act, 2013.

provided in Section 149(6) of the Act along with Rules framed thereunder and Regulation 16(1)(b) of the SEBI Listing
Regulations.

There has been no change in the circumstances affecting their status as Independent Directors of the Company.

The provision of the Companies (Cost Records and Audit) Rules, 2014 is not applicable to the Company. Maintenance of cost
records as prescribed under the provisions of Section 148(1) of the Companies Act, 2013 was not applicable for the business
activities carried out by the Company for FY 2025-26. Accordingly, such accounts and records are not made and maintained
by the Company for the said period.

The secretarial auditor of the company has made the following Qualifications

Some of the Intimations under the provisions of the Companies Act, 2013 have been filed after the lapse of statutory time
period. However, necessary additional fees have been remitted for such delay.

Board Reply

The e-forms were filed with necessary additional fees.

Apart from the above there are no qualifications, reservations or adverse remarks or disclaimers made by the auditors and the practicing
company secretary in their reports.

The Managements Discussion and Analysis Report for the year under review, as stipulated under regulation 34 (3) and Part B of
schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is annexed to this Annual Report as
Annexure E.

The Company does dont have any Holding, Subsidiary, Joint Ventures and Associate Companies as on March 31, 2026.

During the period under review, neither any application under Corporate Insolvency Resolution Process was initiated nor any pending
under the Insolvency and Bankruptcy Code, 2016

During the period under review, no such settlement took place.

The Company has established a vigil mechanism policy to oversee the genuine concerns expressed by the employees and other Directors.
The Company has also provided adequate safeguards against victimisation of employees and Directors who express their concerns.

The Vigil Mechanism Policy is available at the website of the Company: www.alacritvsec.com.

During the year under review, the Internal Auditors, Statutory Auditors and Secretarial Auditor have not reported any instances of frauds
committed in the Company by its Officers or Employees to the Audit Committee under section 143(12) of the Act, details of which needs
to be mentioned in this Report.

In compliance with the Companies Act, 2013, and Regulation 17 of the Listing Regulations, the performance evaluation of the Board and
its Committees were carried out during the year under review.

There are no material changes and commitments affecting the financial position of the Company occurred during the financial year.

During the year, there has been no significant material orders passed by the Regulators or Courts or Tribunals impacting the going
concern status and companys operations in future.

On appointment, the concerned Director is issued a Letter of appointment setting out in detail, the terms of appointment, duties,
responsibilities and expected time commitments. Each newly appointed Independent Director is taken through an induction and
familiarization program including the presentation and interactive session with the Committee Members and other Functional Heads
on the Companys finance and other important aspects.

Your company will continue to uphold the true spirit of Corporate Governance and implement the best governance practices. A report
on Corporate Governance pursuant to the provisions of Corporate Governance Code stipulated under SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 is enclosed as Annexure F. The complete details of the various board committees are
also provided therein along with the Secretarial Auditors Certificate regarding compliance of conditions of corporate governance.

The Company seeks to promote highest levels of ethical standards in the normal business transactions guided by the value system.
The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 mandates formulation of certain policies for listed
companies. The Policies are reviewed periodically by the Board and are updated based on the need and compliance as per the
applicable laws and rules and as amended from time to time. The policies are available on the website of the Company.

Your Directors hereby confirm that the Company has complied with the necessary provisions of the revised Secretarial Standard 1
and Secretarial Standard 2 to the extent applicable to the Company.

Your Company firmly believes that its success, the marketplace and a good reputation are among the primary determinants of
value to the shareholder. The organisational vision is founded on the principles of good governance and delivering leading-edge
products backed with dependable after sales services. Following the vision your Company is committed to creating and
maximising long-term value for shareholders.

The Company has constituted a Corporate Social Responsibility (CSR) Committee in accordance with Section 135 of the
Companies Act, 2013 read with Companies Corporate Social Responsibility (Policy) Rules, 2014.

As per provision of Section 135 of the Companies Act, 2013 read with Rule 8 of Companies Corporate Social Responsibility
(Policy) Rules, 2014, the Board has approved CSR Policy and the Company has spent towards CSR activities, details of which
are provided in attached Annexure G to Directors Report.

Your directors take this opportunity to express their sincere appreciation and gratitude for the continued co-operation extended by
shareholders, employees, customers, banks, suppliers and other business associates.