Anjani Finance Ltd Management Discussions

Our Company belongs to the Agarwal Group, which is headed by Mr. Sanjay Kumar Agarwal. The Agarwai Group entered the financial services business at Indore, Madhya Pradesh under a NBFfc Category. Over the years the Group has diversified its presence from being a financial services company to FMCG, hospitality, infrastructure development, Real Estate, Education Storage and allied sector.

INTERNAL CONTROLS AND ADEQUACY

To protect all its assets and guarantee optimal operations, the company has put in place sufficient internal control system. Additionally, the system maintains regulatory compliance and scrupulously captures all transactional information. Additionally, the company employs internal auditor who carry out internal audits to make sure that all transactions are duly authorized and reported. Internal control mechanisms are strengthened when required, and corrective actions are started.

CORPORATE GOVERANCE

1. COMPANYS PHILOSOPHY ON CORPORATE GOVERNANCE

Your Company strongly believes that good Corporate Governance practices ensure ethical and efficient conduct of the affairs of the Company in a transparent manner and also help in maximising value for all the stakeholders like members, customers, employees, contractors, vendors and the society at large. Good Corporate Governance practices help in building an environment of trust and confidence among all the constituents. The Company endeavours to uphold the principles and practices of Corporate Governance to ensure transparency, integrity and accountability in its functioning.

The Company has set high standards of ethical and responsible conduct of business to create value for all its stakeholders. For effective implementation of the Corporate Governance practices, the Company has a well-defined policy framework inter-alia, consisting of the following:

Code of Conduct for Board Members and Senior Management Personnel •Whistle Blower Policy •Corporate Social Responsibility Policy •Policy on Related Party Transactions •Human Resources Initiatives

2. BOARD OF DIRECTORS (a)Composition of Board of Directors

The Board of the Company comprises Executive Directors, Non-Executive, and Independent Directors. The Independent Directors are eminent people with proven record in diverse areas like Finance, Business, law, economics, administration, etc.

The tenure of the Directors appointed on the Board is as under:

• Executive Directors are appointed for a period of Five years

• Independent Directors are appointed for a period of Five years.

As on 31.03.2026, the Board of the Company has 4 Directors, comprising of One Executive Directors, One Non-Executive Directors including one Women Director and Two Independent Directors as given below:

Sr. Name No	DIN	Category	Designation	Date of Appointment
1 Mrs. Kalpana Jain	02665393	Executive Director	Managing Director Cum Women Director	02/07/2014
2 Mr. Sanjay Kumar Agarwal	00023611	Non-Executive Director	Director	25/07/2013 ii
3 Mr. ANKUR AGRAWAL	07551302	Non-Executive Director	Independent Director	30/06/2016 P
4 Mr. SARTHAK AGRAWAL	09700883	Non-Executive Director	Independent Director %	23/08/2022

As per section Section 149(6) of the Companies Act, 2013 (Act) the Independent Directors have submitted a declaration that they meet the criteria of independence as laid down under

(b)Details of the Board Meetings held during 2025-26 are as under:

Date of Board Meeting	Board Strength		No of Directors Present
28.05.2025	4		4
05.08.2025	4		4
30.08.2025	4		4
05.11.2025	4
10.02.2026	4 1		4

(C) Attendance of each Director at Board Meetings held during 2025-26, last Annual General Meeting (AGM) and number of other Directorships and Chairmanship / Membership of Committees of each Director in various companies are as under:

* As on 31/03/2026

Name	No. of Board . Meetings Attended out of meetings held during the tenure oi Directorship			Attendance at the AGM held on 30.09.2025 (Yes/No/NA)	No. of Directorship in other Companies as on 31.03.2026	Director ship in other listed entities as on 31.03.2026 & category of Directorship	Disclosure of relationships between directors inter-se.	Number Of shares and convertible instruments held by Executive/non- executive directors
Mrs. Kalpana Jain		4(4)	Yes		Nil		Not Related
Mr. Sanjay Kumar Agarwal		4(4)	Yes		05		Not Related	f
Mr Sarthak Agrawal.		4(4)	Yes		1		Not Related
Mr. Ankur Agarwal		4(4)	Yes		Nil		Not Related

(d)Skills / Expertise / Competencies of Board of Directors

Our Board consists of a mix of experience, Knowledge, Professionalism in all areas of business including finance, law, and administration.

e)Code of Conduct

The Code of Conduct for Board Members and Senior Management Personnel of the Company approved by the Board is circulated to all concerned and is also hosted on the website of the Company. *

f) Directors Remuneration

Remuneration paid by our company to the directors.

The following table sets forth details of remuneration payable or paid by our Company to our Directors:

__ in Thousand)

Name of Directors	Fiscal 2026	Fiscal 2025
Mrs Kalpana Jain	120	-
Mr Sanjay Kumar Agarwal	88	264
Mr Ankur Agrawal	-	-
Mr Sarthak Agrawal	-	-

^Sitting Fees Paid GENERAL MEETINGS

The details of the AGM held for the past three years are as under:

	FY 202425	FY 20 23 24	FY 20 22 23
Date	30/09/2025	25/09/2024	27/09/2023
Time	03:00 PM	03:00 PM	03:00 PM

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There is No Extra ordinary General Meeting were held during the FY 2025-26.

Independent Directors Meeting during the year

• The Independent Directors met on 10/02/2026 without the presence of Non-Independent Directors and members of the management.

• The Company has a policy on Related Party Transaction. Policy is hosted on the website of the Company and can be accessed at the following link: https://anjanifin.com/policies/

COMPLIANCE WITH THE MANDATORY REQUIREMENTS OF SEBI (LODR)

The Company adheres to the provisions of the laws and guidelines of regulatory authorities including SEBI and covenants in the agreements with the Stock Exchanges and Depositories.

MEANS OF COMMUNICATION

a. Financial Results

The quarterly audited/unaudited financial results are announced within the time prescribed under the SEBI (LODR). The results are published in the newspaper withfn the timeframe specified. The financial results are also hosted on the Companys website https://anjanifin.com/financialreport/

b. Website

The Companys website https://anjanifin.com/

The Annual Report of the Company is also hosted on the Companys website.

C. SCORES

(SEBI Complaints Redressal System) has provided a centralised web-based complaints redressal system named, SCORES, through which an investor can lodge complaint(s) against a Company for his grievance.