APM Industries Ltd Directors Report

To the Members,

The Board of Directors are pleased to present the 51st (Fifty-first) Annual Report of the Company, together with the Audited Financial Statements for the financial year ended March 31, 2025.

1. FINANCIAL HIGHLIGHTS

The Companys financial performance for the financial year ended March 31, 2025 is summarised below: -

(Rs. in lakhs)

Particulars	Financial year 2024-25	Financial year 2023-24
Revenue from Operations	29,400	29,985
Other Income	131	147
Total Revenue	29,531	30,132
Expenses
Operating Expenditure	28,949	28,732
Depreciation and amortization expense	780	762
Total Expenses	29,729	29,494
Profit/(Loss) before Finance Costs, Exceptional Items and Tax	(198)	638
Finance Costs	166	246
Profit/(Loss) before Exceptional	(364)	392
Items and Tax
Profit/(Loss) Before Tax	(364)	392
Tax Expense (including deferred tax)	(303)	(25)
Profit/(Loss) After Tax	(61)	417
Other Comprehensive Income	8	24
Total Comprehensive Income	(53)	441
Earning per Share (Rs.)	(0.28)	1.93

2. STATE OF COMPANY AFFAIRS & OPERATIONS

The Company is engaged in the business of manufacturing and selling of manmade fibers yarn in India and operates in one segment only. During the financial year 2024-25: -

• Production of yarn was 194 lakh kilograms, as against 209 lakh kilograms in the previous year, which is a decrease by 7% due to subdued market demand.

• Revenue from operations decreased to Rs. 29,400 lakhs, as against Rs. 29,985 lakhs in the previous year, which is a decrease of 2%.

• Loss before tax was Rs. 364 lakhs, as against a profit of Rs. 392 lakhs in the previous year, which is a decrease of 193%.

• Loss after tax was Rs. 61 lakhs, as against a profit of Rs. 417 lakhs in the previous year, which is a decrease of 115%.

• Basic and diluted EPS decreased to Rs. (0.28) as against, Rs. 1.93 in the previous year.

The primary reason for the decline in profitability was the subdued demand for the Companys products. A significant drop in export demand—driven by geopolitical tensions, economic recession, and a slowdown in key international markets such as Europe, Turkey, the United States, and the United Kingdom led to a glut in the domestic market and adversely impacted the Companys performance. These factors led to challenges in both demand and pricing, resulting in a decline in overall revenue from operations and pressure on profit margins.

The Company has provided depreciation on property, plant and equipment in accordance with the provisions of Schedule II of the Companies Act, 2013 (the Act). The Financial Statements for the financial year 2024–25 have been prepared in compliance with the applicable provisions of Indian Accounting Standards (IND-AS), as prescribed under the Act.

3. CHANGE IN THE NATURE OF BUSINESS, IF ANY

There is no change in the nature of business of your Company during the year under review.

4. TRANSFER TO RESERVES

The Board of Directors of your Company have not proposed to transfer any amount to the reserves for the financial year under review.

5. DIVIDEND

In view of the loss incurred during the financial year, the Board of Directors has not recommended any dividend for the year under review.

6. EXPORTS

During the financial year 2024–25, the Company did not engage in any export activities, as its strategic focus remained on the domestic market. The Companys products continue to be well-recognized across India and have historically yielded better profitability in the domestic segment as compared to exports.

7. EXPANSION AND MODERNIZATION

In view of the adverse market conditions for the Companys products, the Company has put its expansion and modernization plan on hold for the time being.

The production capacities remain 55296 spindles as at March 31, 2025.

8. CAPITAL STRUCTURE Authorised Share Capital

The Authorised Equity Share Capital of the Company as at March 31, 2025, was Rs. 4,50,00,000/- (Rupees Four Crore and Fifty Lakh only), comprising 2,25,00,000 (Two Crore and Twenty-Five Lakh) equity shares of Rs. 2/- (Rupees Two) each. The Authorised Preference Share Capital was Rs. 3,00,00,000/ - (Rupees Three Crore only), comprising 3,00,000 (Three Lakh) preference shares of Rs. 100/- (Rupees One Hundred) each. Accordingly, the total authorised share capital of the Company was Rs. 7,50,00,000/- (Rupees Seven Crore and Fifty Lakh only).

Paid up Share Capital

The Paid-up Share Capital of the Company as at March 31, 2025, stood at Rs. 4,32,22,720/- (Rupees Four Crore Thirty-Two Lakh Twenty-Two Thousand Seven Hundred and Twenty only), comprising 2,16,11,360 (Two Crore Sixteen Lakh Eleven Thousand Three Hundred and Sixty) equity shares of Rs. 2/-(Rupees Two) each, fully paid-up.

During the financial year 2024-25, there was no change in the share capital of the Company.

9. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

The Company does not have any Subsidiary, Joint Venture or Associate Company.

10. DIRECTORS AND KEY MANAGERIAL PERSONNEL

Cessation of Directors

During the year, below mentioned are ceased to be Directors of the Company: -

• Smt. Uma Hada (DIN: 06463684) resigned as an Independent Director of the Company, with effect from close of business hours on November 27, 2024. She joined the Board in the year 2015. She was a Member of the Audit Committee and Nomination and Remuneration Committee. The Board places on record its sincere appreciation for her valuable contribution, during her tenure as an Independent Director on the Board of the Company.

• Shri Deepak Vishwanath Harlalka (DIN: 00170335) resigned as Non-Executive Director of the Company, with effect from close of business hours on December 09, 2024. He joined the Board in the year 2023. He was a Member of the Audit Committee. The Board places on record its sincere appreciation for his valuable contribution, during his tenure as Non-Executive, Non-Independent Director on the Board of the Company.

Appointment of Directors

The Board of Directors at their meetings held on October 29, 2024 and December 18, 2024, based on the recommendations of the Nomination and Remuneration Committee, inter alia, approved the following appointments, respectively, to the Board of Directors of the Company, subject to the approval of the shareholders of the Company: -

• Appointment of Shri Harpal Singh Chawla (DIN: 00025492) as an Additional Director in the category of Independent Director of the Company for a period of five consecutive years with effect from October 29, 2024 to October 28, 2029.

• Appointment of Shri Sanjay Rajgarhia (DIN: 00154167) as an Additional Director in the category of Non-Executive, Non-Independent Director of the Company with effect from December 18, 2024 and liable to be retire by rotation.

In terms of Rule 8(5) (iiia) of the Companies (Accounts) Rules, 2014, in the opinion of the Board, appointment of Independent Director during the financial year was made after due veracity of his experience, integrity, expertise and relevant proficiency which will add tremendous value to the Board in exercising his role effectively.

The requisite declarations and eligibility confirmations under the provisions of the Act and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) were received from Shri Harpal Singh Chawla and Shri Sanjay Rajgarhia for considering their appointment as Directors.

The brief profiles of Shri Harpal Singh Chawla and Shri Sanjay Rajgarhia are available on the Companys website at https://www.apmindustries.co.in/investors/board-of-directors/.

The appointment of Shri Harpal Singh Chawla as an Independent Director was approved by the shareholders of the Company through a special resolution and the appointment of Shri Sanjay Rajgarhia as a Non-Executive, Non-Independent Director was approved through an ordinary resolution. Both resolutions were passed with the requisite majority by way of postal ballot via remote e-voting on January 22, 2025. Further details of the same are provided in the Report on Corporate Governance, forming part of this Annual Report.

Retirement by rotation and subsequent re-appointment

In terms of Articles of Association of the Company and provisions of the Act, Shri Rajendra Kumar Rajgarhia (DIN: 00141766), Whole-time Director of the Company, is liable to be retire by rotation at the ensuing Annual General Meeting (AGM) and being eligible, offered himself for re-appointment. Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors recommends his re-appointment for consideration by the shareholders of the Company at the ensuing AGM as Whole-time Director of the Company, liable to be retire by rotation. Brief profile of Shri Rajendra Kumar Rajgarhia with other details as stipulated in Regulation 36(3) of the Listing Regulations and Secretarial Standard on General Meetings issued by the Institute of Company Secretaries of India (ICSI), are provided in the Notice convening the 51st AGM.

A brief profile of Shri Rajendra Kumar Rajgarhia is available on the Companys website at https://www.apmindustries.co.in/investors/board-of-directors/. Except as stated above, there was no change in the Directors or Key Managerial Personnel of the Company, during the year under review.

Declaration by Independent Directors

All the Independent Directors of the Company have given their declaration to the Company under Section 149(7) of the Act that they meet the criteria of independence as prescribed under Section 149(6) of the Act read with Regulation 16(1)(b) of the Listing Regulations and are not disqualified from continuing as Independent Directors. They have registered themselves as an Independent Director in the data bank maintained with the Indian Institute of Corporate Affairs and have either qualified the online proficiency self-assessment test or are exempted from passing the test as required in terms of Section 150 of the Act read with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014. The Company has also received declaration from the Independent Directors that they have complied with the code of conduct of Directors and Senior Management. Based on the disclosures received, the Board is of the opinion that, all the Independent Directors fulfill the conditions specified in the Act and Listing Regulations and are independent of the management.

Annual Performance Evaluation of the Board

The Board adopted a formal mechanism for evaluating its performance as well as of its Committees and individual Directors, including the Chairperson of the Board. The evaluation was carried out through a structured questionnaire covering various aspects of the functioning of Board and its Committees. The detailed process in which annual evaluation of the performance of the Board, its Chairperson, its Committees and of individual Directors is disclosed in the Corporate Governance Report attached to this Report.

Meetings of the Board

During the year, five meetings of the Board of Directors were held. The details of the meetings of the Board of Directors and its Committees are provided in the Corporate Governance Report, attached to this Report.

11. DEPOSITS UNDER CHAPTER V OF THE COMPANIES ACT, 2013

The Company has neither invited nor accepted any deposits covered under Chapter V of the Act. Accordingly, no disclosure or reporting is required in respect of such deposits.

12. AUDITORS AND AUDITORS REPORT

Statutory Auditors

In terms of the provisions of Section 139 of the Act, M/s Chaturvedi & Partners, Chartered Accountants (Firm Registration No.: 307068E), were re-appointed as Companys Statutory Auditors by the shareholders at their 48th AGM held on September 22, 2022, for second term of 5 (Five) consecutive years i.e. till the conclusion of the 53rd AGM of the Company, to be held in year 2027.

The Auditors Report read together with Annexures referred to in the Auditors Report for the financial year ended March 31, 2025 does not contain any qualification, reservation or adverse remark.

Secretarial Auditors

In terms of provisions of Section 204 of the Act and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board of Directors of the Company, on the recommendation of Audit Committee, had appointed M/s. RSM & Co. (Peer Review Certificate No.: 978/2020 and ICSI Firm Registration No.: P1997DE017000), Company Secretaries, to undertake the Secretarial Audit of the Company for the financial year 2024-25. The Secretarial Audit Report is attached as Annexure-1 to this report. The Secretarial Audit Report does not contain any qualification, reservation or adverse remark.

Pursuant to the amended provisions of Regulation 24A of the Listing Regulations and Section 204 of the Act, read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board of Directors of the Company, on recommendation of the Audit Committee, had approved and recommended the re-appointment of M/s. RSM & Co. (Peer Review Certificate No.: 978/2020 and ICSI Firm Registration No.: P1997DE017000), Company Secretaries as the Secretarial Auditors of the Company for initial term of 5 (Five) consecutive years from the financial year 2025-26 upto financial year 2029-30, subject to the approval of the Members at ensuing AGM.

Brief profile and other details of M/s. RSM & Co., Company Secretaries, are disclosed in the AGM Notice approved by the Board. They have given their consent to act as Secretarial Auditors of the Company and have confirmed their eligibility for the appointment.

Cost Auditor

In terms of provisions of Section 148 read with Companies (Audit and Auditors) Rule, 2014, the Board of Directors of the Company, on recommendation of the Audit Committee, had appointed Shri Naresh Kumar Goel, Cost Accountant (Membership No.: 9876), as the Cost Auditor of the Company for the financial year 2024-25 at a remuneration of Rs. 55,000/

- plus applicable taxes and reimbursement of out-of-pocket expenses incurred in this connection.

The Company has maintained cost records for certain products as specified by the Central Government under Section 148(1) of the Act. Shri Naresh Kumar Goel, the Cost Auditor, is in the process of carrying out the cost audit for applicable products during the financial year 2024-25.

The Board of Directors of the Company, on the recommendation made by the Audit Committee, re-appointed Shri Naresh Kumar Goel, Cost Accountant as the Cost Auditor of the Company to conduct the audit of cost records of applicable products for the financial year 2025-26. Shri Naresh Kumar Goel, being eligible, has consented to act as the Cost Auditor of the Company for the financial year 2025-26 and have confirmed that he is not disqualified to be appointed as such. The remuneration proposed to be paid to the Cost Auditor is subject to ratification by the members of the Company at the ensuing AGM.

Internal Auditors

In terms of provisions of Section 138 of the Act and the Companies (Accounts) Rules, 2014, the Board of Directors of the Company, on the recommendation of the Audit Committee, re-appointed M/s M M Sharma & Co., Chartered Accountants (Firm Registration No.: 001797N), as Internal Auditors of the Company, for the financial year 2024-25. There are no qualifications, reservations or adverse remarks in the Internal Auditors Reports.

The Board of Directors of the Company, on the recommendation made by the Audit Committee, re-appointed M/s M M Sharma & Co., Chartered Accountants, as the Internal Auditors of the Company for the financial year 2025-26. M/s M M Sharma & Co., being eligible, have consented to act as the Internal Auditors of the Company for the financial year 2025-26.

Reporting of Frauds by Auditors

None of the Auditors of the Company has identified and reported any fraud as specified under the second proviso of Section 143(12) of the Act, therefore no disclosure is required under Section 134(3)(ca) of the Act.

13. DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 134 of the Act (including any statutory modification(s) and/or re-enactment(s) thereof for the time being in force), with respect to Directors Responsibility Statement, it is hereby confirmed that: -

• in the preparation of the annual accounts for the financial year ended March 31, 2025, the applicable Accounting Standards have been followed and there are no material departures from the same;

• 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 i.e. March 31, 2025 and of the profit/loss of the Company for the financial year ended March 31, 2025;

• 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;

• the Directors have prepared the annual accounts on a going concern basis;

• the Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively; and

• 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.

14. INTERNAL FINANCIAL CONTROLS

Your Company has in place adequate internal financial control systems commensurate with the size of operations. The policies and procedures adopted by your Company ensures the orderly and efficient conduct of business, safeguarding of assets, prevention and detection of frauds and errors, adequacy and completeness of the accounting records, and timely preparation of reliable financial information. The entire system is monitored by Internal Audit team of an external firm of Chartered Accountants.

The Internal Auditors of the Company conduct regular internal audits and the Audit Committee reviews periodically the adequacy and effectiveness of internal control systems and takes steps for corrective measures whenever required.

15. CORPORATE SOCIAL RESPONSIBILITY

The Company has in place a Corporate Social Responsibility Policy (CSR Policy) which outlines the Companys philosophy and responsibility and lays down the guidelines and mechanism for undertaking socially impactful programs towards welfare and sustainable development of the community around the area of its operations. The CSR Policy is disclosed on the Companys website at https://www.apmindustries.co.in/investors/policies-codes/

. In terms of Section 135 of the Act read with Rule 8 of the Companies (Corporate Social Responsibility Policy) Rules, 2014 as amended, the Annual Report on Corporate Social Responsibility Activities for financial year 2024-25 is attached as Annexure-2 to this Report. For other details regarding the CSR Committee, please refer to the Corporate Governance Report, which is a part of this report.

16. AUDIT COMMITTEE

As on date, the Audit Committee comprises Shri Manish Garg as Chairman and Shri Sanjay Rajgarhia, Smt. Nirmala Bagri and Shri Harpal Singh Chawla as Members of Committee. All the recommendations made by the Audit Committee were accepted by the Board of Directors.

Further, details on Audit Committee are provided in the Corporate Governance Report attached to this Report.

17. NOMINATION AND REMUNERATION POLICY

The Company has in place a Nomination and Remuneration Policy for its Directors, Key Managerial Personnel and Senior Management/other employees, which outlines the criteria for determining qualifications, positive attributes, independence of a director and other relevant matters. The Policy is available on the Companys website, web link for the same is https://www.apmindustries.co.in/investors/policies-codes/. The salient features of the Policy have been disclosed in the Corporate Governance Report, which forms an integral part of this Boards Report.

18. PARTICULARS OF CONTRACTS OR ARRANGEMENTS

WITH RELATED PARTIES

All contracts, arrangements and transactions entered into by the Company with related parties during the financial year 2024–25 were in the ordinary course of business and on an arms length basis, and were duly approved by the Audit Committee. The Board of Directors has established criteria for granting omnibus approval by the Audit Committee for transactions that are repetitive in nature, in accordance with the Companys Policy on Materiality of Related Party Transactions and dealing with Related Party Transactions (RPT Policy). During the year under review, the Company did not enter into any materially significant related party transactions as defined in the RPT Policy. Accordingly, disclosure of related party transactions under Section 188(1) of the Act in Form AOC-2 is not applicable. Related party disclosures have been provided in Note No. 53 to the Financial Statements, which form part of this Annual Report. The RPT Policy is available on the Companys website, web link for the same is https://www.apmindustries.co.in/investors/policies-codes/.

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

The information relating to conservation of energy, technology absorption and foreign exchange earnings and outgo, as required under Section 134(3)(m) of the Act, read with Rule 8 of the Companies (Accounts) Rules, 2014, is attached as Annexure-3 to this Report.

20. RISK MANAGEMENT

The risk management framework is designed to identify, evaluate and assess business risks and their impact on Companys business. The risk assessment and minimization procedures are reviewed by the Board periodically to ensure that executive management controls risk through the mechanism of a properly defined framework. The framework is aimed at creating and protecting stakeholders value by minimizing threats and losses besides identifying and maximizing opportunities.

21. PARTICULARS OF EMPLOYEES

The disclosure required under Section 197 of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is annexed as Annexure-4 to this Report.

As per the provisions of Section 136(1) of the Act, the Annual Report and the Accounts are being sent to all the members of the Company, excluding the information required under Section 197(12) of the Act read with Rule 5(2) and 5(3) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Any member interested in obtaining such information may write to the Company Secretary at the Registered Office. The said information is also available for inspection at the Registered Office during working hours up to the date of the ensuing AGM.

22. ANNUAL RETURN

In terms of Sections 92(3) and 134(3)(a) of the Act and the Companies (Management and Administration) Rules, 2014, the Annual Return is available under the Investors section of the Companys website and can be viewed at the following link: https://www.apmindustries.co.in/investors/reports-returns/annual-returns/.

23. CORPORATE GOVERNANCE

The Corporate Governance philosophy of the Company is a reflection of principles entrenched in our values and policies and also embedded in our day-to-day business practices, leading to value-driven growth. Aligning itself to this philosophy, the Company has placed Corporate Governance on a high priority.

A detailed Report on Corporate Governance pursuant to the requirements of Regulation 34 read with Schedule V of the Listing Regulations, is attached as Annexure-5 to this Report. A certificate from the Practicing Company Secretary confirming compliance with the conditions of Corporate Governance, as stipulated in Clause E of Schedule V to the Listing Regulations, is attached to the Corporate Governance Report.

The Board Members and Senior Management Personnel have affirmed compliance with the Code of Conduct for Directors and Senior Management for the financial year ended March 31, 2025. A certificate from the Managing Director confirming the same is attached to the Corporate Governance Report. A certificate from the Managing Director and Chief Financial Officer confirming correctness of the financial statements, adequacy of internal control measures and other related matters, is also attached to the Corporate Governance Report.

24. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

The Management Discussion and Analysis Report, as stipulated under Listing Regulations, is attached as Annexure-6 to this Report.

25. VIGIL MECHANISM / WHISTLE BLOWER POLICY

The Company is committed to promoting ethical conduct in all its business activities. The Company has a robust vigil mechanism through its Whistle Blower Policy approved and adopted by Board of Directors of the Company in compliance with the provisions of Section 177(10) of the Act and Regulation 22 of the Listing Regulations.

The details of Vigil Mechanism (Whistle Blower Policy) adopted by the Company have been disclosed in the Corporate Governance Report, which forms an integral part of this Annual Report.

26. COMPLIANCE WITH THE MATERNITY BENEFIT ACT, 1961

The Company has complied with all the applicable provisions of the Maternity Benefit Act, 1961. Adequate measures are in place to ensure that female employees are provided with the benefits and protections mandated under the said Act, including maternity leave, nursing breaks, and other entitlements. The Company remains committed to promoting a supportive and inclusive workplace for all employees.

27. PARTICULARS OF LOAN, GUARANTEES OR INVESTMENTS

During the financial year 2024-25, the Company has not given loans, guarantees and investments as per Section 186 of the Act.

28. COMPLIANCE WITH SECRETARIAL STANDARDS OF INSTITUTE OF COMPANY SECRETARIES OF INDIA

The Company has complied with the Secretarial Standard-1 on Meetings of the Board of Directors and Secretarial Standard-2 on General Meetings as issued by the ICSI.

29. OTHER STATUTORY DISCLOSURES

During the year under review: -

• The Company has not (i) issued any shares, warrants, debentures, bonds, or any other convertible or non-convertible securities (ii) issued equity shares with differential rights as to dividend, voting or otherwise (iii) issued any sweat equity shares to its Directors or employees (iv) made any change in voting rights (v) reduced its share capital or bought back shares (vi) changed the capital structure resulting from restructuring (vii) failed to implement any corporate action.

• The Companys securities were not suspended for trading during the year.

• The disclosure pertaining to explanation for any deviation or variation in connection with certain terms of a public issue, rights issue, preferential issue, etc. is not applicable to the Company.

• There were no significant and material orders were passed by the Regulators or Courts or Tribunals which impact the going concern status of the Company and its operations in the future;

• There was no instance of any one-time settlement with any Banks or Financial Institutions.

• No application has been made under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (the IBC, 2016), hence, the requirement to disclose the details of application made or any proceeding pending under the IBC, 2016 during the year along with their status as at the end of the financial year is not applicable.

• There have been no material changes and commitment, affecting the financial position of the Company which occurred after the close of the financial year 2025 till the date of this Report, other than those already mentioned in this Report.

30. DISCLOSURE UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013

The Company has Zero Tolerance towards any action on the part of any employee which may fall under the ambit of Sexual Harassment at workplace, and is fully committed to uphold and maintain the dignity of every woman working in the Company.

Hence, the Company has in place a Policy for prevention of Sexual Harassment at the Workplace in line with the requirements of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. Further, the Company has also constituted Internal Complaints Committee in compliance with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

Details of complaints received and disposed of during the financial year are as follows: -

(a) Number of complaints of sexual harassment received during the year: - Nil (b) Number of complaints disposed of during the year: - Nil (c) Number of cases pending for more than 90 days: - Nil

31. INVESTOR SERVICES

In its endeavor to improve investor services, your Company has taken the following initiatives: -

• The Investors Section on the website of the Company www.apmindustries.co.in is updated regularly for information of the shareholders.

• There is a dedicated e-mail id csapmindustriesltd@gmail.com for sending communications to the Company Secretary and Compliance Officer.

• Disclosure made to the Stock Exchange are promptly uploaded on the website of the Company, as per requirement of Listing Regulations for information of the Investors.

Members may lodge their requests, complaints and suggestions on this e-mail as well.

32. ACKNOWLEDGEMENTS

The Board of Directors places on record its sincere gratitude and appreciation to all the employees of the Company. The consistent growth and success achieved during the year would not have been possible without their hard work, commitment, cooperation and dedication.

The Board also extends its heartfelt appreciation to the Companys Customers, Shareholders, Suppliers, Vendors, Bankers, Business Associates and the Regulatory and Government Authorities for their continued support and trust.

	For and on behalf of the Board
	Rajendra Kumar Rajgarhia
Place: New Delhi	Chairman and Whole time Director
Dated: July 31, 2025	DIN: 00141766