Amic Forging Ltd Directors Report

Dear Members,

The directors of the Company have pleasure in presenting 19th Annual Report on the business and operations of the Company along with the Audited Financial Statements for the Financial Year ended March 31, 2026.

FINANCIAL RESULTS

The highlight of the Standalone and Consolidate financial performance of the Company for the year ended March 31, 2026 issummarized as follows: (Rs. In Lakhs)

	Standalone		Consolidated
Particulars	For the Year ended 31st March, 2026	For the Year ended 31st March, 2025	For the Year ended 31st March, 2026	For the Year ended 31st March, 2025
Revenue from operation	14178.48	12131.58	14178.48	12131.58
Other Income	103.28	2070.91	103.28	2070.91
Total Income	14281.76	14202.49	14281.76	14202.49
Total Expenses	10309.15	9659.93	10309.94	9659.93
Profit before Tax	3972.61	4542.57	3971.83	4542.57
Less: Current Tax	1109.04	944.20	1109.04	944.20
Deferred Tax	(79.20)	12.05	(79.20)	12.05
Income Tax Earlier Year	115.06	30.62	115.06	30.62
Profit after Tax	2827.71	3555.70	2826.92	3555.70
Minority Interest	0	0	(0.24)	0
Profit for the year	2827.71	3555.70	2827.71	3555.70

REVIEW OF OPERATION

During the year under review, the Company has earned a total revenue from operations of Rs. 14178.48 Lakhs for the year ended March 31, 2026 as against Rs. 12131.58 Lakhs in the previous financial year. The Company has recorded a profit (PBT) of Rs. 3972.61 Lakhs for the year ended March 31, 2026. The Profit after Tax (PAT) for the year endedMarch 31, 2026 stood at Rs. 2827.71 Lakhs.

DIVIDEND

The Board of Directors continues to focus on expanding the Companysbusiness operations and enhancing long-term shareholder value. Considering the substantial resources required to support the Companys future growth and expansion plans, the Board has decided not to recommend any dividend for the financial year under review. This decision is in line with the Companys strategy of reinvesting its earnings to support sustainable growth, strengthen its business operations, and maximize value for shareholders.

INVESTOR EDUCATION ANDPROTECTION FUND

During the financial year under review, the Company was not required to transfer any amount to the Investor Education andProtection Fund (IEPF).

TRANSFER TO RESERVES

The Company has not transferred any amount to theReserves during the financial year under review.

CHANGE IN NATURE OFBUSINESS, IF ANY

There has been no change in the business or object and continues to be in the same line of business as per the main object of the Company during the financial yearMarch 31, 2026.

FUTURE OUTLOOK

As Amic Forging Limited looks ahead to FY 2026-27 and beyond, the Company remains focused on achieving sustainable growth through strategic initiatives, technological advancement and operational excellence. Building upon the foundation established during the preceding years, the Company intends to further expand its product portfolio, strengthen its presence across high-potential domestic markets and enhance operational efficiencies through increased adoption of automation andtechnology. The Company will continue to place strong emphasis on quality, innovation and customer-centric solutions while pursuing opportunities across key sectors, including automotive, energy and heavy engineering. At the same time, the Company remains committed to strengthening its sustainability practices and improving resource efficiency across its operations. With the global forging industry expected to witness gradual recovery and growth, the Company is well positioned to respond to evolving market dynamics andcapitalize on emerging opportunities. Through disciplined execution, continuous innovation and a strong focus on customer and stakeholder value, the Company aims to deliver sustainable growth and create long-term value for all its stakeholders.

SHARE CAPITAL

AUTHORIZED SHARE CAPITAL

The Authorized Share Capital of the Company as on March 31, 2026 was Rs 12,00,00,000/- (Rupees Twelve Crore) divided into 12,000,000 shares of Rs 10/- each.

ISSUED AND PAID-UP CAPITAL

The Paid-up Equity Share Capital as on March 31, 2026 was Rs. 10,48,84,100/- (Rupees Ten Crore Forty Eight Lakh Eight Four Thousand One Hundred Only) divided into 1,04,88,410 Shares of Rs. 10/- each. The equity shares of the company are listed on the SME Platform of Bombay Stock Exchange (BSE)

PREFERENTIAL ISSUE OFCONVERTIBLE EQUITY WARRANTS AND EQUITY SHARES :

During the year under review, the Company successfully completed the preferential allotment of 65,000 Convertible Equity Warrants and 2,60,425 Equity Shares. The issue price was 1,536/- per security, inclusive of a premium of 1,526/- per security,resulting in a total issue amount of 49,98,52,800/-. As per the terms of the issue, the Company received an upfront payment of 25% of the total consideration in respect of the Convertible Equity Warrants at the time ofallotment, amounting to 2,49,60,000/-. All the Securities were allotted in dematerialized form.

LISTING OF SHARES:

The Companys equity shares are listed on SME platform of Bombay Stock Exchange of India Limited with Symbol AMIC. The Company is regular in payment of Annual Listing Fees. The Company has paid Listing Fees up to the year 2027. ISIN of the company isINE0P9J01013

DETAILS OF SUBSIDIARY / JOINT VENTURES / ASSOCIATE COMPANY

The Company does not have any joint ventures. However, the company hasfollowing subsidiary or associate /LLP:

Name of Company LLP	Subsidiary/ Associates
DakorLogistics LLP	Associates
Amic Engg Tech PrivateLimited	Subsidiary

SEGMENT

The Company is engaged only in one segment i.e. Steel forgings and machined heavy precision part .

DEPOSITS

Your company has not accepted any deposits under section 73 of the Companies Act 2013 during the year and there is no outstanding amount of principal or interestas on the date of the balance sheet.

PARTICULARS OF LOANS,GURANTEES AND INVESTMENTS:

During the year under review, the Company has not made any loans, guarantees or investments covered under Section 186 of the Companies Act, 2013, except as disclosed in the financial statements of the Company and reported by the Statutory Auditors in theirAudit Report.

MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THIS FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT:

During the period between the end of the financial year and the date of this Report, the Company undertook a preferential issue of securities. The Board of Directors, at its meeting held on 11th May 2026, approved the issuance of 14,22,900 Convertible Equity Warrants and 26,200 Equity Shares on a preferential basis. The said issue was subsequently approved by the Members of the Company at the Extra-Ordinary General Meeting held on 5th June 2026, and the Company obtained the requisite in-principle approval from the Stock Exchange on 24th June 2026. Subsequently, at its duly convened meeting held on 9th July 2026, the Board of Directors approved and allotted 14,22,900 Convertible Equity Warrants and 26,200 Equity Shares on a preferential basis, in accordance with the applicable provisions of the Companies Act, 2013, SEBI Regulations and otherapplicable laws. Except for the aforesaid preferential issue and allotment of securities, there have been no other material changes or commitments affecting the financial position of the Company between the end of the financial year and the date of this Report.

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTSOR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANIES OPERATIONS INFUTURE

There are no significant and material orders passed by the regulators, courts or tribunals, whichaffect the going concernstatus of the Company and its operations infuture.

INTERNAL FINANCIAL CONTROL

The Company has established adequate Internal Financial Controls in accordance with the provisions of Section 134(5)(e) of the Companies Act, 2013. These controlswere duly evaluated by the Audit Committee and tested during the year with reference to the financial statements. Based on such evaluation and testing, no material weaknesses were identified in the design or operating effectiveness of thecontrols. The Statutory Auditors of the Company have also audited the Internal Financial Controls over Financial Reporting, and their report thereon forms part of the Statutory Auditors Report annexed to the financial statements.

PARTICULARS OF EMPLOYEES

Your Directors place on record the sense of appreciation for the valuablecontribution made by the staff members of the Company and hope that their continued supportwill help in achieving the goals of the Company. Disclosure pertaining to remuneration and other details as required under Section 197 of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointmentand Remuneration of Managerial Personnel) Rules,2014 is attached as Annexure I.

DIRECTORS& KEY MANAGERIAL PERSONNEL:

The Board of Directors (the Board) is the apex governing body of the Company and is responsible for providing strategic guidance, overseeing the overall affairsof the Company, and formulating, reviewing andmonitoring the effectiveness of its policies andbusiness strategies. The Board comprises a balanced mix of professionals with diverse knowledge, skills and experience, enabling the Company to benefit from their valuable expertise and guidance in conducting its business andachieving its strategic objectives. Details of the Directors serving on the Board as on 31.03.2026 are set outbelow. .

Name	DIN	Designation
Girdhari Lal Chamaria	00513552	Managing Director
Anshul Chamaria	06586643	WholeTime Director
Parma Nand Gupta	09824428	Independent Director
Pravin Poddar	09003659	Independent Director
Rashmi Chamaria	09810941	Non Executive Director
S Subrahmanyan	06447057	Independent Director
Neha Fatehpuria	-	Company Secretary & Compliance Officer

Retirement by Rotation

Mr. Anshul Chamaria, Whole Time Director of the Company, will retire by rotation and being eligible, offered himself for re-appointment at the ensuing Annual GeneralMeeting (AGM).

Appointment & resignationof Directors & KMP

During the year under review, Mr. S. Subrahmanyan was appointed as a Non-Executive Independent Director of theCompany with effect from 3rd October, 2025. Mr. Anshul Chamaria resignedfrom the position of Chief Financial Officer(CFO) of the Company with effect from 1st November, 2025. Subsequently, Mr. Priyankar Ghosh was appointed as the Chief FinancialOfficer of the Company by the Board of Directors with effect from 20th December, 2025. However, Mr. Ghosh resigned from the position of Chief Financial Officer, and his last working day with the Company was 31st March, 2026. The Company is in the process of appointing a suitable person to the position of Chief Financial Officer in accordance with theapplicable provisions of the Companies Act,2013.

Disclosure by Directors

All the Directors of the Company have submitted the requisite declarations and disclosures in accordance with the applicable provisions of the Companies Act, 2013. These include the disclosure of interest pursuant to Section 184(1) in Form MBP-1, confirmation regarding non-disqualification under Section 164(2) in Form DIR-8, and a declaration confirming compliance with the Companys Code ofConduct.

DECLARATION BY INDEPENDENT DIRECTORS

The Company has received declarations from all the Independent Directors of the Company confirming that: a. they meet the criteria ofindependence as prescribed under section 149 of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015; and b. 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.

NUMBER OF MEETING OF THE BOARD

The Board meets at regular intervals to discuss business plan and strategies. Notice of Board meeting is given well in advance to all the Directors. During the year under review11 (Eleven) Board meetings were convenedand held respectively on the following dates: 29/04/2025, 30/05/2025, 23/08/2025, 22/09/2025, 24/09/2025, 10/10/2025, 14/11/2025,20/12/2025, 23/12/2025, 27/12/2025 and14/02/2026.

The maximum time gap between any two consecutive meetings did not exceed 120 (One Hundred Twenty) days.

COMMITTEE OF THE BOARD

As on 31st March, 2026, the Board have 4 (four) Committees viz. AuditCommittee, Nomination and Remuneration Committee, Stakeholders Relationship Committee and Corporate Social Responsibility Committee.

NUMBER OF COMMITTEEMEETING:

1. Audit Committee

The Audit Committee has been constituted in accordance with Section 177 of the Companies Act, 2013 and Regulation 18 of the SEBI (LODR) Regulations, 2015. The Committee comprises three members with relevant financial and accounting expertise, and the Company Secretary acts as its Secretary. The composition of the Committee and details of meetings held and attended are provided below.

Name	Designation	No of meeting held	No of Meeting Attended
Mr. Pravin Poddar	Chairman	6	6
Mr. Parma Nand Gupta	Member	6	6
Mrs. Rashmi Chamaria	Member	6	6

During the year under review,meetings of Audit Committee were held onthe following dates:

Date of Meetings	Total Strength of the Board	No. of Directors Present
29/04/2025	3	3
30/05/2025	3	3
22/09/2025	3	3
14/11/2025	3	3
20/12/2025	3	3
14/02/2026	3	3

Company Secretary and Chief Financial Officer of the Company are the regular invitee at the Meeting. All the recommendation made by the Audit Committee in the financial year 2025-26 was approved by the Board.

2. Nomination & Remuneration Committee :

The Nomination & Remuneration Committees composition meets with the requirement of section 178 of the companies Act, 2013 and Regulation 19 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The Members of the Nomination & Remuneration Policy possesssound knowledge/expertise/exposure. The Committee comprised of 3 members as per Table here in below. The Company Secretary is the Secretary and Compliance Officer of theCommittee. The detail of a composition of the Nomination & Remuneration Committee along with their meetings held/ attended are as follows: -

Name	Designation	No of meeting held	No of Meeting Attended
Mr. Parma Nand Gupta	Chairman	2	2
Mr. Pravin Poddar	Member	2	2
Mrs. Rashmi Chamaria	Member	2	2

During the year under review, two meetingsof Nomination& Remuneration Committee were held on 22.09.2025 and 19.12.2025.

3. Stakeholder Relationship Committee:

The Stakeholders Relationship Committee meets with the requirement of Section 178 of the Companies Act, 2013 and Regulation 20 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Stakeholders Relationship Committee is mainly responsible to review all grievances connected with the Companys transfer of securities and Redressal of shareholders /Investors / Security Holders Complaints. The Committee comprised of 3 members as per Table here in below. The Company Secretary is the Secretary and Compliance Officer of theCommittee.

The detail of a composition of the said Committee along with their meetings held/ attended is as follows: -

Name	Designation	No of meeting held	No of Meeting Attended
Mr. Parma Nand Gupta	Chairman	2	2
Mr. Girdhari Lal Chamaria	Member	2	2
Mrs. Rashmi Chamaria	Member	2	2

During the year under review, Two meetings of Stakeholders Relationship Committee on 30.05.2025, and 12.01.2026were held.

Securities and Exchange Board of India (SEBI) Complaints Redress System (SCORES).

All the investor complaints pertaining to the listed Companies will be electronically sent through SCORES and the Companies or their appointed Registrar & Share Transfer Agent (R&TA/ STA) are required to view the pending complaints and submit Action Taken Report (ATRs) along with necessary documents electronically in SCORES. Further, there is no need to file any physical ATRs with SEBI. The Company had completed the required registration under SCORES to efficiently and effectively redress the investors/shareholders complaints on time. There are no pending complaints as on March 31, 2026.

4. Corporate Social Responsibility Committee

The composition, powers, role and terms of reference of the Committee are in accordance with the requirements mandated under Section 135 of the Companies Act, 2013. Brief Terms of Reference of the Committee inter-alia includes: Formulate and recommend to the Board, a CSR Policy indicating the activities to be undertaken by the Company as specified in Schedule VII of the Act; Recommend the amount of expenditure to be incurred on the activities mentioned in the CSR Policy and monitor the CSR Policy; To institute a transparent monitoring mechanism for implementation of the CSR projects or programs or activities undertaken by the Company. 2 (Two) Corporate Social Responsibility Committee Meetings were held during the year 2025-26. The details aregiven below:

15.05.2025 16.03.2026

The Corporate Social Responsibility Committee comprises the following Directors and their attendance in the Committee Meeting is given below:

Name	Designation	No of meeting held	No of Meeting Attended
Mr. Girdhari Lal Chamaria	Chairman	2	2
Mr. Parma Nand Gupta	Member	2	2
Mrs Rashmi Chamaria	Member	2	2

Board Evaluation

The Securities and Exchange Board of India (SEBI) vide its circular No. SEBI/HO/CFD/CMD/CIR/P/2017/ 004, dated 5th January, 2017, had issued a guidance note on Board Evaluation which inter alia contains indicative criterion for evaluation of the Board of Directors, its committees and the individual members of the Board. In accordance thereof, the Board evaluated the performance of the Board, its Committees and the Individual Directors for the financial year 2025-26. After the evaluation process was complete, the Board was of the view that the performance of the Board as a whole was adequate and fulfilled the parameters stipulated. The Board also ensured that the Committees functioned adequately and independently in terms of the requirements of the Companies Act, 2013 and the Listing Regulations. The individual Directors performance was also evaluated and the Board was of the view that the Directors fulfilled their applicable responsibilities and duties as laid down by the Listing Regulations and the Companies Act, 2013 and at the same time contributed with their valuable knowledge, experience and expertise so as to make the Company well equipped to face the adverse challenges.

Nomination, Remuneration and Evaluation Policy

The Company has adopted a comprehensive Remuneration Policy for Directors, Key Managerial Personnel (KMP), Senior Management and other employees, in accordance with the provisions of Section 178 of the Companies Act, 2013 and the rules made thereunder,as well as Regulation 19 read with Part D of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015. The Policy sets out the guiding principles and framework governing remuneration payable to Executive and Non-Executive Directors, including sitting fees and commission, as well as to KMP, Senior Management and other employees. It also provides a structured mechanism for evaluating the performance of Directors based on defined parameters and objectives. There was no change in the Remuneration Policy during the year under review. The Policy continues to promote fairness, transparency and consistency in the remuneration structure, with rewards being aligned to individual performance and achievement of pre-determined objectives. The Policy is available on ourwebsite at https://www.amicforgings.com

STATUTORY AUDITORS

M/s K N Gutgutia & Co. Chartered Accountants, Kolkata (Firm Registration No. 304153E.) continue to hold office of Auditors until the conclusion of 22nd AGM to beheld in the year 2029. Pursuant to Regulation 33(1)(d) of the Listing Regulations, the Auditors have confirmed that they hold valid certificate issued by the Peer Review Board of the Institute of Chartered Accountants of India.

AUDITORS REMARKS

The Notes on the financial statements referred to in the Auditors Report are self-explanatory and do not call for any further comments. The Auditors Report does not contain any qualification, reservation oradverse remark.

SECRETARIAL AUDITORS

The Members of the Company, at their previous Annual General Meeting, had approved the appointment of Mr. B. K. Barik, Practising Company Secretary, FCS No. 5696, C.P. No. 3897, Peer Reviewed, as the Secretarial Auditor of the Company for a period of five consecutive financial years commencing from FY 2025 26 to FY 2029 30, 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 the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015. Accordingly, Mr. B. K. Barik has been appointed as the Secretarial Auditor of the Company for conducting the Secretarial Audit for the financial year 2025 26. The Secretarial Audit Report in Form MR-3 for the year ended on 31st March, 2026 is attached as Annexure II, which is self-explanatory and hence do not call for any further explanation and the Report does not contain any qualification, reservation, adverse remark.

INTERNAL AUDITORS

The provisions of Section 138 of the Companies Act, 2013 read with Companies (Accounts) Rules, 2014, M/s. Kumar Sanjeev and Associates, Chartered Accountants was appointed as a Internal Auditor of the Company for the Financial Year 2026-27.

COST RECORDS

The provisions of Section 148 of the Companies Act, 2013 read with Notifications/ Circulars issued by the Ministry of Corporate affairs from time to time, regarding maintenance of Cost records are applicable to the company.

COST AUDITOR

The Company had received consent and confirmation of eligibility pursuant to section 148 of the Companies Act, 2013 from M/s Sohan Lal Jalan and Associates, cost Accountants regarding their appointment as the Cost Auditors of the Company for the financial year 2026-27.

Thereafter, the Board of Directors on recommendation of the Audit Committee has appointed M/s Sohan Lal Jalan and Associates, cost Accountants, as the Cost Auditors of the Company for the financial year 2026-27. Accordingly, remuneration, as recommended by the Board, would be paid to M/s. Sohan Lal Jalan and Associates, for the financial year 2026-27, subject to ratification of the members atthe ensuing AGM.

DISCLOSURE RELATING TOMATERIAL VARIATIONS

As per Regulation 32(1) of the Listing Regulations, details of Statement ofmaterial variation or deviation are available oncompany website at www.amicforgings.com

BUSINESS RISK MANAGEMENT

The Company recognizes that its business operations are exposed to various risks and uncertainties that may have an impact on its financial performance andbusiness objectives. To effectively identify, assess and manage such risks, the Company has established a comprehensive risk management framework comprising regular audits, internal checks and periodic reviews.

The framework enables the Board of Directors to remain apprised of significant risks, the corresponding mitigation measures and the effectiveness of the controls implemented by the management. Key risks identified by the Company are evaluated on an ongoing basis and are addressed through appropriate and timely mitigation strategies to minimize their potential impact and ensure businesscontinuity.

OBLIGATION OF COMPANY UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION,PROHIBITION AND REDRESSAL) ACT, 2013

The Company has adopted a comprehensive Policy on Prevention of Sexual Harassment at the Workplace in accordance withthe provisions of the Sexual Harassment ofWomen at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the rules made thereunder. An Internal Complaints Committee (ICC)has been constituted to address and redresscomplaints relating to sexual harassment at the workplace. The Policy extends to all employees of the Company, including permanent, contractual and temporary employees, as well as trainees. The Policy is gender-neutral and aims to ensure a safe, respectful and inclusiveworkplace for all employees. The details of sexual harassment complaints received and disposed of during the financial year 2025-26 are as follows:

Number of complaints received	Number of complaints disposed of	Number of complaints pending
0	0	0

REPORTING OF FRAUDS BYAUDITORS

During the year under review, the Statutory Auditors have not reported any instance of fraud committed against the Company by its officers or employees to the Board of Directors pursuant to Section 143(12) of the Companies Act, 2013. Accordingly, there is no matter requiring disclosure in the Boards Report in this regard.

INSIDER TRADING & STRUCTURED DIGITAL DATABASE

The Company has implemented the Code of Internal Procedure & Conduct as required under the extant SEBI (Prohibition of Insider Trading) Regulations, 2015. The Company has also in existence a Structured DigitalDatabase as mandated under the aboveRegulations.

MEETING OF MEMBERS(AGM/EGM/POSTAL BALLOT)

During the Financial Year 2025-26, the company convened the followingmeetings of members: Annual General Meeting on 16 th September, 2025 and Extraordinary General Meeting on 5 th November, 2025.

DIRECTORS RESPONSIBILITY STATEMENT

In terms of Section 134(3) (c) of the Companies Act, 2013 the director would like to state that : i. In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures, if any; ii. The directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of the company for that period; iii. The directors 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; iv. The directors had prepared the annual accounts on a going concern basis.

v. The directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively, and vi. The directors had devised proper system to ensure compliance with the provision of all applicable laws and that such system were adequate and operating effectively.

WEB ADDRESS OF ANNUALRETURN

The draft Annual Return (e-Form MGT-7) of the Company for the year ended 31st March, 2026 pursuant to the provisions of Section 134(3)(a) and Section 92 of the Companies Act, 2013 will available on the Companys website and can be accessed at www.amicforgings.com.

PARTICULARS OF CONTRACTS AND ARRANGEMENTS MADE WITH RELATED PARTY

During the year under review, contracts or arrangements entered into with the related party, as defined under section 2(76) of the Companies Act, 2013 were in the ordinary course of business on arms length basis. During the year the Company has not entered into any materially significant related party transactions which may have potential conflict with the interest of the Company at large. Further, all related party transactions entered into by the Company are placed before the Audit Committee for its approval. Suitable disclosures as required are provided in AS-18 which forms the part of the notes to the Financial Statement. In line with the requirements of the Companies Act, 2013 and SEBI Listing Regulation 2015, the Company has formulated a Policy on Related Party Transactions which is also available on Companys Website at www.amicforgings.com.

The particulars of the contracts or arrangements entered into by the Company with related parties as referred to in Section 134 (3) (h) read with section 188(1) of the Act framed thereunder, in the Form No. AOC-2 are annexed and marked as Annexure-III .

SECRETARIAL STANDARDS

The Company generally complies with all applicable secretarial standards, issued by the Institute of Company Secretaries of India and made applicable as per Section 118(10) ofThe Companies Act, 2013.

CORPORATE SOCIALRESPONSIBILITY

The Company has been carrying out Corporate Social Responsibility (CSR) activities under the applicable provisions of Section 135 read with schedule VII (as amended from time to time) of the Companies Act, 2013 andthe Companies Corporate Social Responsibility Policy Rules, 2014. Your Company believes in making lasting impact towards creating a just,equitable, human and sustainable society. The CSR Policy of the Company is available on the Companys website at www.amicforgings.com. The Annual Report on CSR Activities is attached as Annexure IV to this report.

MANAGEMENT DISCUSSION& ANALYSIS REPORTS:

A detailed report on Management Discussion and Analysis Report is included in this Report as Annexure V.

CORPORATE GOVERNANCEREPORT:

Integrity, transparency and accountability are the fundamental pillars of the Companys corporate governance framework. The Company is committed to maintaining the trust and confidence of its stakeholders by conducting its affairs in a fair, ethical and transparent manner. The corporate governance practices of the Company are aimed at enhancing stakeholder value while ensuring compliance with applicable laws and promoting sustainable business practices. The Board of Directors continues to discharge its fiduciary responsibilities with due care and diligence, with a commitment to maintaining appropriate standards of disclosure and governance.

As the Company is listed on SME Platform of BSE Limited (BSE), pursuant to Regulation 15 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), the provisions specified under Regulations 17 to 27, clauses (b) to (i) of sub-regulation (2) of Regulation 46, and paragraphs C, D and E of Schedule V of the SEBI Listing Regulations are not applicable to the Company. Accordingly, a separate Corporate Governance Report does not form part of this Boards Report. Notwithstanding the above, the Company remains committed to upholding high standards of corporate governance, transparency, accountability and ethical conduct across all aspects of its operations.

PRATICULARS OF ENERGYCONSERVATION, ETC.

Particulars with respect toconservation of energy as per rule 8(3) of theCompanies (Accounts) Rule, 2014 are as under:

1. Conservation of energy	: NIL
2. Technology Absorption	: NIL

FOREIGN EXCHANGE EARNING AND OUT GO

a. Foreign Exchange Earning	: NIL
b. Foreign Exchange out go	: NIL

INDUSTRIAL RELATIONSHIP

The industrial relation during the year 2025-26 has been cordial. The Directors take on record the dedicated services and significant efforts made by the Officers, Staff and Workers towards the progress of the Company.

DETAILS OF APPLICATIONUNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016

There is nothing to report under this for the year under review.

DETAILS ON ONE TIMESETTLEMENT

There is nothing to report under this for the year under review.

COMPLIANCE WITH THEMATERNITY BENEFIT ACT, 1961

As mandated under the Ministry of Corporate Affairs notification and in compliance with the provisions of the Maternity Benefit Act, 1961, the Company affirms that it has duly adhered to the statutory requirements concerning maternity benefits during the financial year 2025 26. The Company ensures the provision of maternity leave, nursing breaks, and other entitlements as specified under the Act to all eligible women employees. We are committed to fostering a safe, inclusive, and supportive workplace environment that upholds the rights and welfare of women employees during andafter maternity. No complaints or grievances related to the denial of maternity benefits were reported during the year.

ACKNOWLEDGEMENT

The Board of Directorswould like to express their sincere thanks to various State and Central Government Department, bankers, Consultants, Advisors, shareholders and Investors for their valuable co-operation and continued support throughout the year to the Company. The Board of Directors also wish to place on record its deep sense of appreciation for the committed services by the Companysexecutives, staff and workers

On behalf of the Boardof Directors
For AMIC ForgingLimited

Girdhari Lal Chamaria	Anshul Chamaria
Managing Director	WholeTime Director
DIN: 00513552	DIN:06586643

Date;- 31st August, 2026
Place: Kolkata