Alcokraft Distillery Ltd Directors Report

1. FINANCIAL RESULTS

The Companys financial performance for the year under review along with the previous years figures is given hereunder: (Amount in Lakhs)

To, The Members, Alcockraft Distilleries Limited (Formerly known as Aurangabad Distillery Limited)

Particulars	Standalone 31/03/2026	Standalone 31/03/2025	Consolidated 31/03/2026
Revenue from Operations	13,641.14	11,117.10	13,641.14
Other Income	467.00	871.50	467.00
Total Revenue	14,108.14	11,988.60	14,108.14
Less: Expenses	12,890.93	10,741.49	12,891.03
Profit Before Exceptional and Extraordinary Items and Tax	1,217.21	1,247.11	1,217.11
Less: Exceptional Items	-	-	-
Profit Before Extraordinary Items and Tax	1,217.21	1,247.11	1,217.11
Less: Extraordinary Items	-	-	-
Add / (Less): Prior Period Incomes / (Expenses)	-	-	-
Add: Excess / (Short) Provision of Taxation for Previous Years	-	-	-
Profit Before Tax	1,217.21	1,247.11	1,217.11
Tax Expense
Less: Current Tax	347.86	343.34	347.86
Deferred Tax	-30.76	-18.58	-30.76
Excess/Short Provision Written back/off	3.22	25.27	3.22
Profit (Loss) for the Year	896.89	897.08	896.79
Earnings Per share (Basic & Diluted)	8.75	9.87	8.75

During the year, the company has Incorporated Wholly owned subsidiary company, accordingly the consolidated figure was mentioned for the FY ended 31st March 2026 and for the FY 31st March 2025 is NIL, accordingly we have not mentioned in the above table.

2. REVIEW OF OPERATIONS AND FUTURE OUTLOOK/ STATE OF THE COMPANYS AFFAIRS

The Highlight of the Companys Performance during the financial year 2025-2026 are as under:

The Company generated revenue of Rs. 13,641.14 (Amount in Lakhs) during the current year as against revenue of Rs. 11,117.10 (Amount in Lakhs) generated in the preceding year. The operations of the Company have resulted into post tax profit of Rs. 896.89 (Amount in Lakhs) during the current year against post tax profit of Rs. 897.08 (Amount in Lakhs) in the preceding year.

The product portfolio of Company includes production of various types of Alcohol viz. Rectified Spirit, Extra Neutral Alcohol, Denatured Spirit and Anhydrous Alcohol (Ethanol).

3. DIVIDEND

Owing to the growing business needs and the necessity to plough back the profits in the business, your directors do not recommend any dividend for the year.

4. TRANSFER TO RESERVES

During the year under review, the company has not transferred any amount to reserves.

5. CHANGE IN THE NATURE OF BUSINESS, IF ANY

During the financial year under review, there is no changes in nature of business of the Company.

6. SHARE CAPITAL AND CHANGES THEREIN

A. AUTHORIZED CAPITAL

During the year under review, there has been no changes in the authorized share capital of the company.

The authorized share capital as on 31st March 2026 is as follows:

S. No. Type of Share	No. of Shares	Value per share (in Rs.)	Total Amount (in Lakhs)
1 Equity Share	1,10,00,000	10/-	1,100
Total			1,100

B. PAID UP CAPITAL

During the year under review, there has been no changes in the paid up share capital of the company. The paid-up share capital as on 31st March 2026 is as follows:

S. No. Type of Share	No. of Shares	Value per share (in Rs.)	Total Amount (in Lakhs)
1 Equity Share	1,02,50,000	10/-	1,025
TOTAL			1,025

Further, during the year under review, the Company has not:

a. Bought back any of its securities;
b. Issued any Sweat Equity Shares;
c. Issued any Bonus Shares;
d. Provided any Stock Option Scheme to the employees; and
e. Issued any shares with differential rights.

7. ANNUAL RETURN

The Annual Return of the Company as on 31st March, 2026 is available on the Companys website and can be accessed at www.alcockraftdistilleries.com.

8. NUMBER OF MEETINGS OF THE BOARD

The Board of Directors met Six (6) times during the year under review on the following dates mentioned, 02nd April 2025, 02nd May 2025, 28th May 2025, 29th August 2025, 14th November 2025 and 13th March 2026.

Notice of meetings with agenda along with necessary details was sent to the Directors in time.

Further following are the details with respect to Board meeting attendance by each Director.

Name of Director	Board Meetings held during the tenure of Director	Board Meeting Attended
Mr. Dharampal Kalani	06	06
Mr. Amardeepsingh Sethi	06	06
Mr. Kanyalal Kalani	06	05
Mrs. Jagjitkaur Sethi	06	06
Mr. Prakash Sawant	06	06
Mr. Dilip Mutalik	06	05

COMMITTEES OF THE BOARD: The Board Committees play a crucial role in enhancing the Companys Corporate Governance framework. To ensure focused attention on specific areas and facilitate timely decision-making, the Board has constituted various Committees with appropriate delegation of authority. Each Committee operates under defined terms of reference, outlining its purpose, scope, and responsibilities. The minutes of all Committee meetings are circulated to the Board for its information and consideration. To support effective participation, video and tele-conferencing facilities are made available to Committee Members. Committees may also invite external participants to attend meetings, whenever deemed necessary.

During the year under review, the Board of the Company has the following Committees; Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee.

i Audit Committee:

The Audit Committee was constituted in line with the provisions of Section 177 of the Companies Act, 2013 read with Companies (Meetings of Board and its Powers) Rules, 2014. As on March 31, 2026, the Audit Committee comprises the following members:

Name of the Member	Category
Mr. Prakash Sawant	Chairperson [Independent Director]
Mr. Dilip Shrinivas Mutalik	Member [Independent Director]
Mr. Dharampal Kalani	Member [Managing Director]

During the year under review, the Audit Committee met Four (4) times; the dates of the meeting and attendance of committee members are given below:

S. No. Type of Meeting	Date of Meeting
1 Audit Committee meeting	28/05/2025
2 Audit Committee meeting	29/08/2025
3 Audit Committee meeting	14/11/2025
4 Audit Committee meeting	13/03/2026

S. No. Name of Member

S. No. Name of Member	No. of Meetings	No. of meetings attended
1 Mr. Prakash Sawant	3	3
2 Mr. Dilip Shrinivas Mutalik	3	3
3 Mr. Dharampal Kalani	3	3

ii) Nomination and Remuneration Committee:

The NRC was constituted in line with the provisions of Section 178 of the Companies Act, 2013 read with Companies (Meetings of Board and its Powers) Rules, 2014. As on March 31, 2026, the NRC comprises the following members:

Name of the Member	Category
Mr. Dilip Shrinivas Mutalik	Chairperson [Independent Director]
Mr. Prakash Sawant	Member [Independent Director]
Mrs. Jagjitkaur Sethi	Member [Non-Executive Director]

During the year under review the NRC met one time on November 14, 2025 and all the NRC members were present at such meeting.

iii) Stakeholders Relationship Committee:

The SRC was constituted in line with the provisions of Section 178 of the Companies Act, 2013 read with Companies (Meetings of Board and its Powers) Rules, 2014. As on March 31, 2026, the SRC comprises the following members:

Name of the Member	Category
Mr. Dilip Shrinivas Mutalik	Chairperson [Independent Director]
Mr. Prakash Sawant	Member [Independent Director]
Mr. Dharampal Kalani	Member [Managing Director]

During the year under review, the SRC met one time on November 11, 2025, and all the SRC members were present at said meeting.

7. DIRECTORS AND KEY MANAGERIAL PERSONNEL

During the financial year under review, there were no changes in the composition of the Board of Directors or the Key Managerial Personnel. No appointments, resignations, or cessations took place.

In accordance with Section 152 of the Companies Act, 2013, Mrs. Jagjitkaur Amardeepsingh Sethi (DIN: 01825035), retiring by rotation at the ensuing Annual General Meeting and being eligible have offered themselves for re-appointment.

Subsequent to the end of the Financial Year, Mr. Roshan Rammurti Yadav (DIN: 08992503) and Mr. Jagdeep Singh Chaudhary (DIN: 08992504) has been appointed as an additional Director in the Board meeting held on 17th April 2026.

KEY MANAGERIAL PERSONNEL

Pursuant to provisions of Section 203 of the Act, your Company has the following KMPs as on the date of the report:

Name of the KMPs	Designation	Date of Appointment	Date of Resignation
Mr. Amardeepsingh Triloksingh Sethi	Whole-time director	25/04/2016	-
Mr. Dharampal Kimatram Kalani	Managing Director	15/06/2007	-
Mr. Karan Vallabh Yadav	Chief Executive Officer	10/11/2023	-
Mr. Uday Balwant Hemade	Chief Financial Officer	15/06/2016	-
Ms. Pooja Kishore Soni	Company Secretary & Compliance Officer	25/05/2024	-

8. STATEMENT OF DECLARATION FROM INDEPENDENT DIRECTORS AS PER SECTION 149(6)

All Independent Directors have given Declaration confirming that;

a. They meet the criteria for independence as laid down under Section 149(6) of the Companies Act, 2013, and Regulation 25(8) read with 16(1)(b) of the Listing Obligation and Disclosure Requirements, 2015.
b. The Independent Directors have complied with the Code for Independent Directors Prescribed in Schedule IV to the Act.
c. They have registered their names in the Independent Directors Databank pursuant to Sub-rule (1) and (2) of Rule 6 of the Companies (Appointment and Qualifications of Directors) Rules, 2014 and amendments thereto.

Statement regarding opinion of the board with regard to integrity, expertise and experience (including the proficiency) of the independent director appointed during the year:

During the year under review, no Independent Director was appointed.

The Board, in its opinion, confirms that the existing Independent Directors of the Company fulfil the conditions of independence as specified under the applicable provisions of the Listing Regulations and are independent of the Management. There has been no change in the circumstances affecting their status as Independent Directors of the Company during the year.

The Board further confirms that the Independent Directors possess the requisite integrity, expertise, experience and proficiency necessary to discharge their duties and responsibilities effectively in the capacity of Independent Directors of the Company.

9. COMPANYS POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION INCLUDING CRITERIA FOR DETERMINING QUALIFICATIONS, POSITIVE ATTRIBUTES, INDEPENDENCE OF A DIRECTOR AND OTHER MATTERS PROVIDED UNDER SUB-SECTION (3) OF SECTION 178

Pursuant to the provisions of Section 178(3) of the Act, your Company has framed a policy on Directors appointment and remuneration and other matters ("Remuneration Policy") which is available on the website of the Company at www.alcockraftdistilleries.com.

10. DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Companies Act, 2013, the Board of Directors of your Company, to the best of their knowledge and ability, confirm that:

(a) in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;
(b) The Directors 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 & loss of the Company for that period;
(c) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
(d) The Directors have prepared the annual accounts on a going concern basis;
(e) The Directors have laid down proper internal financial controls and system which are adequate and are operating effectively; and
(f) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

11. AUDITORS & THEIR REPORTS

STATUTORY AUDITORS

In the 22nd Annual General Meeting of the Company held on 30th September 2022, members of the Company have appointed M/s. HMA & Associates, Chartered Accountants, Pune (Firm Registration No.: 100537W) as a Statutory Auditors of the Company to hold office from the conclusion of 22nd Annual General Meeting for a period of 5 (five) consecutive financial years until the conclusion of the 27th Annual General Meeting to be held for the financial year 2027-28.

The Statutory Auditors Report for the Financial Year 2025-26 does not contain any qualification, reservation or adverse remark and forms part of the Annual Report.

SECRETARIAL AUDITORS

The Board of Directors had appointed M/s. Prajot Tungare & Associates, Practicing Company Secretaries as the Secretarial Auditors of your Company to conduct a Secretarial Audit pursuant to Section 204 of the Companies Act, 2013 for the Financial Year 2025-26. The Secretarial Auditors have given their report, which is annexed hereto as "Annexure I".

Further, the Board of Director has appointed M/s. Prajot Tungare & Associates, Practicing Company Secretaries as Secretarial Auditors of your Company a term of Five (5) years from financial year 2025-26 to 2029-30 and the Members has approved the same at the 25th Annual General Meeting of the company held on 30th September 2025.

Explanations or comments by the Board on every qualification, reservation or adverse remark or disclaimer made by the Secretarial Auditor in his report:

There has been no qualification, reservation, adverse remark or disclaimer given by the Secretarial Auditors in their report.

COST AUDITORS

The Company is required to have the audit of its cost records conducted by a Cost Accountant in Practice. In this connection, the Audit Committee has recommended to the Board of Directors and the Board of Directors had approved the appointment of M/s. Dargad & Associates, (FRN: 003482) Cost Accountants, as Cost Auditors of the Company to conduct the Cost Audit functions for the Financial Year 2025-26.

Further, based on the recommendation of the Audit Committee, the Board of Director has re-appointed M/s. Dargad & Associates, (FRN: 003482) Cost Accountants, as Cost Auditors of the Company to conduct the Cost Audit functions for the Financial Year 2026-27 subject to ratification of remuneration of the cost auditor in ensuring Annual General Meeting.

In accordance with the provisions of the Act, read with the Companies (Cost Records and Audit) Rules, 2014, the Company has maintained cost records.

12. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION (12) OF SECTION 143 OF THE COMPANIES ACT, 2013 OTHER THAN THOSE WHICH ARE REPORTABLE TO THE CENTRAL GOVERNMENT

There were no frauds reported by Auditors under Sub-Section (12) of Section 143 of the Companies Act, 2013 other than those which are reportable to the Central Government.

13. INTERNAL AUDITOR

The Board of Directors had appointed M/s. S. R. Bakare & Co., (FRN: 140792W) Chartered Accountants as an Internal Auditor of the Company pursuant to Section 138 and other applicable provisions, if any of the Companies Act for the financial year 2025-26.

As per recommendation of the Audit Committee, the Board of Director has re-appointed M/s. S. R. Bakare & Co., (FRN: 140792W) Chartered Accountants as an Internal Auditor of the Company for the Financial Year 2026-27.

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

Particulars of loans given, investments made, guarantees given and securities provided during the year are mentioned in the table herein-below:

(Amount in Lakhs)

Sr. No. Particulars	Amount
1. Loans
i) Loans and advances to related parties (Inter-Corporate loans) New Phaltan Sugars Works Distillery Division Ltd	198.00
2. Details of Investment
i) Investment in Shares of Subsidiary Company (Alcomaster Beverages Private Limited) by way of subscription of 10,000 shares.	1.00
3. Details of Guarantees / Securities Provided	-
Total	199.00

The above loans, investments, guarantees and securities provided during the year are in compliance with the applicable provisions of Section 186 of the Companies Act, 2013 and the rules made thereunder.

15. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES REFERRED IN SUB-SECTION (1) OF SECTION 188 IN THE PRESCRIBED FORM

The transactions entered by the Company with related parties were in ordinary course of business and at arms length basis. The particulars of transactions entered with related parties are annexed herewith as "Annexure II" to this report.

16. MATERIAL CHANGES AND COMMITMENT, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY

There have been no material changes and commitments affecting the financial position of the Company between the end of the financial year and the date of this report, except as mentioned below.

During the year under review, with a view to expanding its business operations, the Company incorporated a wholly owned subsidiary on 27th December 2025. The subsidiary has been established to undertake the business of manufacturing, processing, distilling, blending, bottling, packaging, marketing, distribution and sale of grain-based liquor and other potable alcoholic and non-alcoholic beverages. The incorporation of the subsidiary is expected to support the Companys business expansion and strengthen its overall financial position and growth prospects.

Subsequent to the closure of the financial year, the Board of Directors of the Company considered and approved the installation of a Compressed Bio-Gas (CBG) Plant with a capacity of 10 Tons Per Day (TPD). The Company has initiated the necessary actions towards implementation of the said project.

Further, the Company has taken steps for arranging the required funding for the CBG Plant project and has initiated the process of applying for a bank loan for financing the establishment of the said project.

The above development represents a commitment towards expansion and diversification of the Companys operations and is expected to contribute towards sustainable resource utilisation and long-term business growth.

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

The particulars prescribed under section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014, are set out in Annexure - III to this Report.

18. DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY OF THE COMPANY

The Company has a robust risk management framework that includes a well-defined risk governance structure and established processes. It proactively identifies and assesses all strategic, operational, and financial risks by analyzing the most up-to-date risk information from both internal and external sources. This valuable insight is then utilized to plan and implement risk mitigation activities effectively.

19. INTERNAL FINANCIAL CONTROLS

The Company has implemented comprehensive procedures to ensure robust internal financial controls. It consistently adheres to industry best practices to safeguard its assets, prevent and detect frauds and errors, maintain the accuracy and completeness of accounting records, and ensure the timely preparation of reliable and accurate financial information.

20. HOLDING COMPANY

The company doesnt have a Holding Company.

21. SUBSIDIARIES, ASSOCIATES OR JOINT VENTURE COMPANIES AND THEIR PERFORMANCE, CONTRIBUTION TO THE OVERALL PERFORMANCE OF THE COMPANY:

As on 31st March, 2026, the Company had one (1) wholly owned subsidiary, Alcomaster Beverages Private Limited, which was incorporated on 27th December, 2025.

The Company did not have any associate or joint venture companies during the year under review.

In compliance with the provisions of Section 129 of the Companies Act, 2013 ("the Act") and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, the Consolidated Financial Statements of the Company have been prepared in accordance with the applicable Accounting Standards ("AS") and form an integral part of this Annual Report.

Further, the salient features of the financial statements, performance and financial position of the subsidiary company, as required under Section 129(3) of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, as amended from time to time, are provided in e-Form AOC-1, as prescribed under the applicable provisions, and form part of the Consolidated Financial Statements.

Pursuant to the provisions of Section 136 of the Act, the Audited Standalone and Consolidated Financial Statements of the Company, together with the Audited Financial Statements of its subsidiary, are available on the Companys website at www.alcockraftdistilleries.com. The Audited Financial Statements of the subsidiary are also available for inspection by the Members at the Corporate Office of the Company on all working days up to the date of the Annual General Meeting (AGM), as required under Section 136 of the Act. Members desirous of obtaining a copy of the said financial statements may write to the Company at its Registered Office or Corporate Office.

During the year, the Subsidiary company, i.e. Alcomaster Beverages Private Limited has not commenced its business activity during the year ended 31st March 2026.

22. DEPOSITS

The Company has not accepted any deposits from the public during the year under review, falling within the ambit of Section 73 of the Companies Act, 2013 ("Act") and the Companies (Acceptance of Deposits) Rules, 2014.

23. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS IMPACTING THE GOING CONCERN STATUS AND COMPANYS OPERATIONS IN FUTURE PURSUANT TO RULE 8(5)(VII) OF COMPANIES (ACCOUNTS) RULES, 2014

The Company has not received any significant or material order passed by regulators or courts or tribunals impacting the Companys going concern status or the Companys operations in future.

24. MANAGEMENTS DISCUSSION AND ANALYSIS REPORT

Managements Discussion and Analysis Report for the year under review, as stipulated under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") is presented in "Annexure-IV" to this report.

PERFORMANCE EVALUATION

The Company has developed a comprehensive policy for evaluating the performance of the Board, Committees, and individual Directors, including Independent Directors and Executive Directors. This policy encompasses various criteria for assessing the performance of Non-executive Directors and Executive Directors.

The Board evaluated its performance after seeking inputs from all the Directors based on criteria such as the board composition and structure, effectiveness of board processes, information and functioning, etc. The performance of the Committees was evaluated by the Board after seeking inputs from the committee members based on criteria such as the composition of committees, effectiveness of committee meetings, etc. The above criteria are broadly based on the Guidance note on Board Evaluation issued by the Securities and Exchange Board of India on 5th January, 2017.

Importantly, this evaluation process ensures compliance with all relevant laws, regulations, and guidelines.

25. PARTICULARS OF EMPLOYEES

Disclosure as per Section 197(12) of the Companies Act, 2013 and Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is annexed herewith as "Annexure - V" to this report.

26. VIGIL MECHANISM

The Company has a vigil mechanism named as Whistle Blower Policy of the Company in compliance of provisions of section 177(10) of the companies Act 2013, an avenue to raise concern and access in good faith the Chairman of the Audit Committee which provide for adequate safeguard against victimization of person.

Under this mechanism, any individual can make a protected disclosure by sending an e-mail or a written communication directly to the Chairperson of the Audit Committee. The policy ensures adequate safeguards against victimization of Directors and Employees who use this mechanism and also provides for direct access to the Chairperson of the Audit Committee in Exceptional circumstances.

This mechanism acts as an additional channel, beyond the normal management hierarchy, to raise concerns related to breaches of the Companys values or violations of the Code of Conduct. It reflects the Companys strong commitment to transparency, ethical practices, and open communication.

During the year under review, the Company did not receive any complaint under the Vigil Mechanism / Whistle Blower Policy. The detailed policy is available on the Companys website at www.alcockraftdistilleries.com.

27. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMAN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

As per requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, the Company has designed and implemented a comprehensive policy and framework to promote a safe and secure work environment, where every person at the workplace is treated with dignity and respect. Moreover, the Companys policy is inclusive and gender neutral. Further, the complaint redressal mechanism detailed in the policy ensures complete anonymity and confidentiality.

The Company continues to follow a robust anti-sexual harassment policy on Prevention, Prohibition and Redressal of Sexual Harassment of Women at Workplace in accordance with The Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013 ("POSH") and Rules made thereunder. Internal Complaints Committee has been set-up to redress complaints received regarding sexual harassment at various workplaces in accordance with POSH. The Internal Complaint Committee constituted in compliance with POSH ensures a free and fair enquiry process with clear timelines for resolution.

All employees inter-alia including permanent, contractual, temporary, and trainees are covered under this Policy.

The status of complaints under the POSH Act for the year under review is as follows:

(a) number of complaints of sexual harassment received in the year; Nil
(b) number of complaints disposed off during the year; Not Applicable
(c) number of cases pending for more than ninety days: Not Applicable

During the year under review, there was no complaints received pursuant to the aforesaid Act.

Further the company had complied with the provisions relating to the Maternity Benefit Act 1961, during the financial year 2025-26.

28. CORPORATE SOCIAL RESPONSIBILITY INITIATIVE

Your Company has a Corporate Social Responsibility Policy which is uploaded on website of the Company at www.alcockraftdistilleries.com. This Policy includes interalia the guiding principles for selection, implementation and monitoring of CSR activities of the Company.

Pursuant to the Section 135(9) of the Companies Act, 2013, the CSR Committee is not required to be constituted if an amount to be spent by the Company in a year does not exceed Rs. 50 Lakhs. Currently, the CSR liability for the Company is less than Rs.50 Lakhs. Hence all functions for fulfilling CSR liability shall be carried out by the Board of Directors of the Company.

Annual Report on CSR activities for the Financial Year 2025-26 as required under Sections 134 and 135 of the Act read with Rule 8 of the Companies (Corporate Social Responsibility Policy) Rules, 2014 and Rule 9 of the Companies (Accounts) Rules, 2014 is attached to this report as enclosed as "Annexure-VI".

29. COMPLIANCE WITH SECRETARIAL STANDARDS

The Secretarial Standards i.e. SS-1 & SS-2 relating to meetings of the Board of Directors and General Meetings, respectively have been duly followed by the Company.

30. OTHER DISCLOSURES

SHAREHOLDERS MEETING:

Postal Ballot: The Board of Directors in its meeting held on November 14, 2025 approved the Postal Ballot Notice for alteration of main object clause of the company by addition of new business activity through postal ballot. The Members have approved the items of such postal Ballot Notice vide Special Resolutions passed on December 19, 2025.

AGM: The 25th Annual General Meeting (AGM) of the Company was held on September 30, 2025. During the AGM, the members also considered and approved the change in the name of the Company from "Aurangabad Distillery Limited" to "Alcockraft Distilleries Limited."

INSOLVENCY AND BANKRUPTCY CODE 2016

No application has been made / No proceeding is pending under the Insolvency and Bankruptcy Code, 2016 during the year under review.

b) Policy for determination of "legitimate purposes" forms part of this Code.
c) Policy and procedures for inquiry in case of leak of UPSI/suspected leak of UPSI

All compliances relating to Code of Conduct for Prevention of Insider Trading which includes maintenance of structural digital data base (SDD) are being managed through a software installed by the Company in-house including maintenance structural digital data base (SDD).

This code lays down guidelines advising the designated employees and other connected persons, on procedures to be followed and disclosures to be made by them while dealing with the shares of the company, and while handling any unpublished price sensitive information.

VALUATION FOR ONE TIME SETTLEMENT WITH BANK AND FINANCIAL INSTITUTION

The Company has not made any valuation for one-time settlement with Bank and financial Institution. Hence, there is no reason for elaboration on the said aspect.

CODE FOR PREVENTION OF INSIDER-TRADING

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the Company has in place the following:

a) Code of Conduct for Prevention of Insider Trading and Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI).

NATURE OF COMPANIES AFFAIRS

The Company is the process to carry on the business of Wine & Liquor Manufacturing, Marketing, Purchase and Sale thereof either wholesale or retail and to run Business of Distilleries or Breweries, to manufacture, wine spirits and Brew Beer, mineral waters, aerated waters, drinkables and other liquids and processed items of every description and to carry on business of toddy and other liquor and toddy operations thereof and to run permit rooms within the republic of India and during the year the company has not altered its main object.

CORPORATE GOVERNANCE REPORT

Your Company remains steadfast in its commitment to uphold the highest standards of Corporate Governance and ensure full adherence to the requirements prescribed by the Securities and Exchange Board of India (SEBI). Pursuant to Regulation 15(2) SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 the compliance with the Corporate Governance provision as specified in Regulation 17 to 27 and clause (b) to (i) of sub regulations (2) of regulation 46 and para C, D and E of Schedule V of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 does not apply on companies listed on SME Exchange. Since your Company is listed on NSE Emerge (SME Exchange), therefore Corporate Governance Report do not form part of this Annual Report.

Business Responsibility and Sustainability Report (BRSR)

The Provision of Regulation 34(2)(f) of the SEBI Listing Regulations relating to BRSR does not apply to companies listed on SME Exchange. Since your Company is listed on NSE Emerge (SME Exchange), therefore BRSR do not form part of this Annual Report.

ACKNOWLEDGEMENTS

Your Companys organizational culture upholds professionalism, integrity and continuous improvement across all functions, as well as efficient utilization of the Companys resources for sustainable and profitable growth.

Your directors place on records their sincere thanks to bankers, business associates, consultants, and various Government Authorities for their continued support extended to your Companies activities during the year under review. Your directors also acknowledge gratefully the shareholders for their support and confidence reposed on your Company.

For and on behalf of the Board of Directors of Alcockraft Distilleries Limited (Formerly known as Aurangabad Distillery Limited)

Sd/- Amardeepsingh Sethi Chairman & Whole time Director DIN: 00097644

Address: Trilok Villa P. No. 17-18, Town Centre N-1 CIDCO Aurangabad, 431001

Date: 29th May 2026 Place: Pune