Arihant Superstructures Ltd Directors Report

The Board of Directors are pleased to present the Annual Report of your Company, Arihant Superstructures Limited (the Company or ASL) along with the Audited (Standalone and Consolidated) Financial Statements for the Financial Year ended March 31, 2025.

FINANCIAL PERFORMANCE

The financial performance of the Company for the Financial Year ending on March 31, 2025 is summarized as below:

(Rs. in Lacs) Particulars	Stand-alone		Consolidated
	FY 2024-25	FY 2023-24	FY 2024-25	FY 2023-24
Sales and Other Income	12,372.41	11,861.16	50,360.52	51,128.61
Profit before Interest, Depreciation & Tax	2,532.12	2,620.66	10,903.71	11,437.5
Interest	491.30	140.34	4,048.10	2,598.46
Depreciation	51.84	38.78	236.93	218.77
Profit/ (Loss) before Tax	1,988.98	2,441.54	6,618.68	8,620.27
Provision for Tax	41.10	149.17	1,151.06	1,697.81
Profit/ (Loss) after Tax	1,947.88	2,292.37	5,467.62	6,922.46
Profit/(Loss) for the Year	1,947.88	2,292.37	5,467.62	6,922.46
Share of Minority -	- -	-
Profit carried to the Balance Sheet (incl. OCI)	1,960.03	2,299.65	4,123.96	5,052.08

The Financial Statements have been prepared on accrual basis in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and the provisions of the Companies Act, 2013.

The Financial Statements have been prepared on accrual and going concern basis under historical cost convention except for certain Financial Assets and Liabilities which have been measured at fair value (refer accounting policy regarding financial instruments). If no such transactions can be identified, an appropriate valuation model is used. Impairment losses of continuing operations, including impairment on inventories, are recognized.

The Financial Statements are presented in Indian Rupees (INR) and all amounts are rounded to the nearest Lacs, except as stated otherwise.

Previous years figures may have been regrouped/ reclassified as and when it is necessary.

COMPANY PERFORMANCE OVERVIEW

During the year under review, the revenue from operations of the company, was Rs. 50,360.52 Lacs in FY 2024-25 as compared to Rs. 51,128.61 Lacs in FY 2023-24 on a consolidated basis. The revenue from operations on a stand-alone basis was increased from Rs. 11,861.16 Lacs in FY 2023-24 to Rs. 12,372.41 Lacs in FY 2024-25.

The profit after tax for the FY 2024-25 on a stand-alone basis was Rs. 1,947.88 Lacs as against the profit after tax of Rs. 2,292.37 Lacs for FY 2023-24. The profit after tax on a consolidated basis was Rs. 5,467.62 Lacs in FY 2024-25 as against the profit after tax of Rs. 6,922.46 Lacs for FY 2023-24.

PROJECTS AND OPERATIONS OF THE COMPANY

The current projects and operations of the company are as follows:

Project: Arihant Aarohi: Residential project located at Kalyan Shil Road, Navi Mumbai, spans over 2.5 acres of land comprises of 2 & 3 BHK.

Project: Arihant Aaradhya: Residential project situate at Kalyan Annexe (Bhiwandi) comprises of 11 Towers of G +14 floors.

Project: Arihant Aayan: Residential project situated at Titwala, the project comprises of 3 towers of G + 14 floors.

Project: Arihant Adarsh: Residential project situated at Ghot Taloja Panvel comprises of 2 Towers of G + 36 floors.

Project: Arihant Arshiya: Residential project situated at Khopoli Expressway Khalapur Raigrah comprises of a Tower of G + 14 floors.

Project: Arihant 7 Anaika: Residential cum commercial project located at Ghot Taloja Panvel comprises of 2 Towers of G + 18 floors.

Project: World Villas: project located at Chowk Phata Karjat comprises 181 residential villas having 3 & 4 bed.

Project: Arihant Avanti: Residential project located at Shilpatha Road Dombivali comprises of 6 Towers of G + 41 floors.

The following projects are currently being undertaken by the subsidiary companies:

Project: Arihant Advika: A redevelopment residential project at Vashi, Navi Mumbai with 2 towers of 26 floors each for sale and 2 towers for rehabilitation. Project is housed under Arihant Aashiyana Private Limited.

Project: Arihant Aspire: Residential project located at Panvel, Navi Mumbai comprises of 9 buildings having 5 building currently under construction having 43 floors. Project is housed under subsidiary Arihant Abode Limited.

Project: Arihant Aloki: Residential project located at Karjat spanning six acres of land in affordable category. Project is housed under Arihant Aashiyana Private Limited.

Project: Arihant Clan Aalishan: Residential project at Kharghar, Annex, is one of the tallest project with 53 floors comprising of 3 towers. Project is housed under subsidiary Arihant Vatika Realty Private Limited.

Project: Arihant 5 Anaika: Residential project providing modern living at affordable prices near to Taloja Metro Station. Project is housed under subsidiary Arihant Vatika Realty Private Limited.

Project Arihant Anmol: Residential project located at Badlapur (E) spans over seven acres of Land well equipped with all amenities. Project is housed under subsidiary Arihant Vatika Realty Private Limited.

Project Arihant Amisha: Residential project located at Taloja, Panvel spans over 7 acres of land area. Project is housed under Arihant Aashiyana Private Limited.

TRANSFER TO RESERVES

The Company has transferred entire profits to Retained Earnings of Reserves and Surplus.

DIVIDEND

The Board of Directors are pleased to recommend for approval of the shareholders a final dividend of Rs.1.50 per equity share of Rs. 10/- each for the financial year ended 2024-25. The dividend, if approved by the shareholders, would entail a payout of approximately Rs. 187.48 Lacs. The dividend would be paid to all the equity shareholders (excluding Promoters who has forgone and voluntarily waived their right to receive dividend as per Board Meeting of date (May 24, 2025) to receive the dividend, whose name would appear in the Register of Members/ list of beneficial owners on the record date fixed for this purpose i.e. September 19, 2025.

CONSOLIDATED FINANCIAL STATEMENTS (CFS)

In accordance with the provisions of the Companies Act, 2013, Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as Listing Regulations) and applicable Accounting Standards, the Audited Consolidated Financial Statements of the Company for the financial year 2024-25, together with the Auditors Report form part of this Annual Report.

SHAREHOLDING STRUCTURE:

During the year, the Board of Directors, at its meeting held on June 14, 2025, allotted 20,90,000 equity shares of Rs. 10 each at an issue price of Rs. 180.071 per share (including a premium of Rs.170.071) to Warrant holders upon conversion of Share Warrants; the allotment was made for cash upon receipt of the remaining exercise price of Rs. 135.053 per warrant (being 75% of the total exercise price), aggregating to Rs.28.23 crore. Consequently, the Companys paid-up equity share capital increased from 4,11,59,991 to 4,32,49,991 equity shares. The company is in the process of obtaining Listing Approval for the equity shares issued on account of the conversion of warrants.

The Company has not issued any further issue, including ESOPs, Sweat Equity, Advisory Equity to any shareholder during the financial year.

SUBSIDIARY COMPANIES

The Company has (5) (Five) unlisted subsidiaries, the details of which are stated below:

Name of the Material Subsidiaries	Name of Non-Material Subsidiaries
Arihant Abode Limited Arihant Vatika Realty Private Limited Arihant Aashiyana Private Limited	Arihant Gruhnirman Private Limited Dwellcons Private Limited

A statement containing the salient features of financial statements of subsidiaries of the Company in the prescribed Form AOC - 1 forms a part of Consolidated Financial Statements in compliance with Section 129 (3) and other applicable provisions, if any, of the Act read with Rules as set out in attached Annexure - II to this report.

In accordance with Section 136 of the Act, the audited financial statements, including the Consolidated Financial Statement and related information of the Company and the financial statements of each of the subsidiary companies, are available on our website. The necessary disclosures in respect of the material subsidiaries are displayed under the Corporate Governance on the website of the company.

During the year under review, the Board of Directors, at its meeting held on May 24, 2025, considered and approved the divestment of 500 equity shares held by the Company in Amoghvarsh Houses Private Limited. The Board has reviewed and approved the sale (divestment) of 500 equity shares held in Amoghvarsh Houses Private Limited. As a result of this sale, Amoghvarsh Houses Private Limited will no longer be considered an Associate Company of the reporting company (i.e., the company preparing this report).

BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

Composition of the Board

The Board of Directors comprise of eminent and experienced professionals in the Industry. The current composition of the Board of Directors as on date of the report are as follows:

Sr. No.	Name of the Directors	DIN	Designation	Date of Appointment
1.	Ashokkumar B. Chhajer	01965094	Chairman & Managing Director	01.04.2011
2.	Parth Chhajer	06646333	Whole-time Director	23.07.2022
3.	Nimish Shah	03036904	Whole-time Director	13.04.2010
4.	Pramod Deshpande	10204931	Independent Director	10.08.2023
5.	Namrata Thakker	08478260	Independent Director	01.09.2023
6.	Bhavik Chhajer	08475397	Whole-time Director	24.05.2025
7.	Abodh Khandelwal	07807394	Independent Director	23.06.2025

Appointment, Re-appointment and Resignation

of Directors

1 . During the year under review, Mr. Vijay Satbir Singh was appointed as an Additional Independent Director of the Company w.e.f. May 15, 2024 and his ratification was approved by the members at the 41 st AGM held on September 20, 2024. He resigned on account of his personal reasons w.e.f. September 23, 2024.

During the year under review, Mr. Raj Narain Bharadwaj resigned as an Additional Independent Director of the Company w.e.f. July 05, 2024

During the year under review, Mr. Sridhar Ramachnadran was appointed as an Additional Independent Director of the Company w.e.f. January 29, 2025 and resigned w.e.f March 25, 2025.

Mr. Bhavik Ashokkumar Chhajer (DIN: 08475397) was appointed as an Additional Whole-time Director of the company w.e.f. May 24, 2025 and the members approved the appointment through postal ballot on August 19, 2025.

Mr. Abodh Khandelwal (DIN: 07807394) was appointed as an Independent Director for a first (1 St) term of the five (5) Years w.e.f. June 23, 2025 and the members approved the appointment through postal ballot on August 19, 2025

The Board expresses its gratitude for the guidance, support and cooperation of Mr. Vijay Satbir Singh, Mr. Raj Narain Bhardwaj and Mr. Sridhar Ramachandran.

The Board of Directors recommend the re-appointment of Mr. Nimish Shah (DIN:03036904) as the Whole-time Executive Director of the Company with effect from April 13, 2025 for a period of 5 years till April 12, 2030, subject to the members approval at the forthcoming Annual General Meeting.

There are no changes in the composition of Board of Directors except as mentioned above.

Director Retiring by Rotation

As per the provisions of Section 152 of the Companies Act, 2013, Mr. Parth Chhajer (DIN: 06646333), Whole-Time Executive Director of the Company, is liable to retire by rotation from the Board and being eligible, offers herself for re-appointment at the ensuing Annual General Meeting of the Company.

Pursuant to Regulation 36 of the Listing Regulations and Secretarial Standard-2, a detailed profile of the Directors seeking appointment/reappointment is provided in the Notice of the ensuing Annual General Meeting of the Company.

Declaration of Independent Directors

The Company has received the following declarations from all the Independent Directors confirming that:

They meet the criteria of independence as prescribed under the provisions of the Act, read with the Schedules and Rules issued thereunder, as well as of Regulation 16 of the Listing Regulations.

In terms of Rule 6(3) of the Companies (Appointment and Qualification of Directors) Rules, 2014, they have registered themselves with the Independent Directors database maintained by the Indian Institute of Corporate Affairs,

In terms of Regulation 25(8) of the Listing Regulations, they are not aware of any circumstance or situation, which exist or may be reasonably anticipated, that could impair or impact their ability to discharge their duties.

In terms of Regulation 25(9) of the Listing Regulations, the Board of Directors has ensured the veracity of the disclosures made under Regulation 25(8) of the Listing Regulations by the Independent Directors of the Company.

Certificate on Disqualification of Directors

The Company has received a certificate from D. A. Kamat & Co., Company Secretaries pursuant to Regulation 34(3) and Schedule V Para C clause (10)(i) of the Listing Regulations, confirming that none of the Directors on the Board of the Company have been debarred or disqualified from being appointed or continuing as Directors of companies by the SEBI, Ministry of Corporate Affairs, or any such other statutory authority. The same forms part of the Corporate Governance Report forming part of this Annual Report.

MEETINGS OF BOARD OF DIRECTORS

The Board of Directors, during Financial Year 2024-25 met 5 (Five) times i.e. May 15, 2024, August 09, 2024, October 26, 2024, February 03, 2025, and March 25, 2025. The Board of Directors meets at regular intervals to discuss the business and compliance matters of the Company. The details of the Meetings of the Board of Directors and the Committees of the Board of Directors and their respective constitution are stated in the Corporate Governance Report attached which forms a part of this Boards Report.

The Board has constituted the following Mandatory and NonMandatory Committees of the Board of Directors:

Mandatory Committees	Non-Mandatory Committee
Audit Committee	Executive Committee
Nomination & Remuneration Committee	Disinvestment Committee
Stakeholders Relationship Committee	Fund Raising Committee
Corporate Social Responsibility Committee	Insider Trading Compliance Committee
	Risk Management Committee

The Company Secretary of the Company is the Secretary to each of these Committees.

During the year under review, all the recommendations made by the Audit Committee were approved by the Board of Directors.

Separate Meeting of Independent Directors is conducted during every year, in terms of the requirements of Schedule IV to the Companies Act, 2013 and Regulation 25 (3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Further, the Board of Directors have adopted various policies on the functioning and running of the Board of Directors as mandated by the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015 and which are also available on the website of the Company at www.asl.net.in.

VIGIL MECHANISM

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 Policy also provides protection to the directors, employees and business associates who report unethical practices and irregularities. Any incidents that are reported are investigated and suitable action is taken in line with the Whistle Blower Policy. The Whistle Blower Policy of the Company can be accessed at website of the Company at www.asl.net.in.

NOMINATION AND REMUNERATION POLICY

The salient features of the Nomination and Remuneration Policy of the Company are set out in the Corporate Governance Report which forms part of this Annual Report. The said Policy of the Company, inter alia, provides that the Nomination and Remuneration Committee shall formulate the criteria for appointment & re-appointment of Directors on the Board of the Company and persons holding Senior Management positions in the Company, including their remuneration, evaluation and other matters as provided under Section 1 78 of the Act and Listing Regulations. The copy of the Policy can be found under the Investors section on http://www.asl.net.in.

REMUNERATION OF DIRECTORS, KEY MANAGERIAL PERSONNEL, SENIOR MANAGEMENT AND EMPLOYEES

The remuneration paid to the Directors and Key Managerial Personnel is in accordance with the Nomination and Remuneration Policy formulated in accordance with Section 178 of the Act and Regulation 19 of the Listing Regulations and within the Statutory limits under the Companies Act, 2013.

The information required under Section 197 of the Act read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 in respect of Directors/ employees of the Company is set out in Annexure - I to this Report.

PERFORMANCE EVALUATION

The Nomination and Remuneration Policy of the Company empowers the Nomination and Remuneration Committee to formulate a process for effective evaluation of the performance of Individual Directors, Committees of the Board and the Board as a whole.

The Board formally assesses its own performance based on parameters which, inter alia, include performance of the Board on deciding long term strategy, rating the composition and mix of Board members, discharging of governance and fiduciary duties, handling critical and dissenting suggestions, etc.

The parameters for the performance evaluation of the Directors include contribution made at the Board meeting, attendance, instances of sharing best and next practices, domain knowledge, vision, strategy, engagement with senior management, etc.

The Chairperson(s) of the respective Committees based on feedback received from the Committee members on the outcome of performance evaluation exercise of the Committee, shares a report to the Board.

The Independent Directors at their separate meeting review the performance of: non-independent directors and the Board as a whole, Chairperson of the Company after taking into account the views of Executive Director and non-executive directors, the quality, quantity and timeliness of flow of information between the Company management and the Board that is necessary for the Board to effectively and reasonably perform their duties.

Based on the outcome of the performance evaluation exercise, areas have been identified for the Board to engage itself with and the same would be acted upon. The details of the evaluation process are set out in the Corporate Governance Report which forms a part of this Annual Report.

FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS

All new independent directors inducted into the Board are familiarized with the operations and functioning of the Company. The details of the training and familiarization program are provided in the Corporate Governance report and website of the Company at www.asl.net.in.

DIRECTORS RESPONSIBILITY STATEMENT

In terms of Section 134 (5) of the Companies Act, 2013, the Directors would like to state that:

1 . In the preparation of the Annual Accounts, the applicable Accounting Standards had been followed and that no material departures have been made from the same.

Such Accounting Policies have been selected 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 as at March 31, 2025 and of the profit of the Company for that period;

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 Annual Accounts of the Company have been prepared on a going concern basis.

Internal Financial Controls have been laid down to be by the Company and that such internal Financial Controls are adequate and were operating effectively.

Proper systems have been devised to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

RELATED PARTY TRANSACTIONS

All contracts/arrangements/transactions entered into by the Company during the year under review with Related Parties were in ordinary course of business and on arms length basis in terms of provisions of the Act. The Companys Policy on dealing with and Materiality of Related Party Transactions is available on the website of the Company at www.asl.net.in

All transactions with related parties were reviewed and approved by the Audit Committee and are in accordance with the Policy on dealing with and materiality of Related Party Transactions and the Related Party Framework, formulated and adopted by the Company. During the year under review, the Related Policy Framework was suitably amended to give effect to the changes in the relevant provisions of law.

There are no materially significant related party transactions that may have potential conflict with interest of the Company at large. The details of the related party transactions as per Indian Accounting Standards (IND AS) - 24 are set out in Notes to the Standalone Financial Statements of the Company. The company also obtains suitable approval of the members for the materially significant related party transactions, in line with Regulation 24 of the Listing Regulations.

The approval of the materially significant related party transactions for Financial Year 2024-25 is sought at the forthcoming Annual General Meeting of the Company. The same is recommended by the Audit Committee and the Board of Directors along with the requisite information.

The Company in terms of Regulation 23 of the Listing Regulations submits within 30 days from the date of publication of its standalone and consolidated financial results for the half year, disclosures of related party transactions on a consolidated basis, in the format specified in the relevant accounting standards to the stock exchanges.

The said disclosures can be accessed on the website of the Company at www.asl.net.in. Form AOC - 2 pursuant to Section 1 34 (3) (h) of the Act read with Rule 8(2) of the Companies (Accounts) Rules, 2014 is set out in the Annexure - II to this report.

CORPORATE SOCIAL RESPONSIBILITY (CSR)

The Company has constituted the Corporate Social Responsibility (CSR) Committee of the Board in accordance with the provisions of Section 135 of the Companies Act, 2013, read with the Companies (Corporate Social Responsibilities) Rules, 2014, as amended. During the year, the said policy has been reviewed by the Board of Directors of the Company.

For FY 2024-25, the CSR liability of the Company was Rs. 59,27,902/- (Rupees Fifty-Nine Lakh Twenty-Seven Thousand Nine Hundred and Two Only) The Board has approved carrying forward the excess CSR spent amount of Rs. 2,82,098/- for FY 2025-26. The details of CSR spend is attached in the CSR report attached as Annexure III .

The CSR policy of the company is displayed on the website of the company on www.asl.net.in. The Company is committed to undertaking its CSR responsibility and initiatives in letter and spirit and will undertake to spend towards effective causes in line with the CSR policy of the company.

The Companys CSR Policy statement and annual report on the CSR activities undertaken during the financial year ended March 31, 2025, in accordance with Section 135 of the Act and Companies (Corporate Social Responsibility Policy) Rules, 2014 (including any statutory modification(s) or re- enactment(s) thereof for the time being in force) is set out in Annexure - III to this report.

ANNUAL RETURN

Pursuant to Section 92(3) read with Section 134(3)(a) of Companies Act, 2013, the Annual return as on March 31,2025 is available on the website of the company on www.asl.net.in

AUDITORS AND AUDITORS REPORT

Statutory Auditors and their Report

The Company has appointed M/s Ummed Jain & Co., Chartered Accountants (Firm Regn No 119250W) were appointed in 40 th Annual General Meeting of the Company held on September 23, 2023. as a Statutory Auditor of the Company for the first (1 st ) term of 5 years till the conclusion of the AGM to be held in 2027. The Board has received a consent and letter from the Statutory Auditors, stating their eligibility to conduct the Statutory Audit for the Financial Year 2024-25. The details of the remuneration paid to the Statutory Auditors in Financial Year 2024-25 are provided in the Financial Statements

The Statutory Auditors Report being self-explanatory, do not require any reply from the Board of Directors of the Company.

Secretarial Auditors and their Report

The Company has appointed M/s D A Kamat & Co, Company Secretaries as the Secretarial Auditors of the Company for FY 2024-25 under the provisions of Section 204 of the Companies Act, 2013. The Secretarial Auditors Report for Financial Year 2024-25 is attached as Annexure - IV to this Report.

The Secretarial Compliance Report for the financial year ended March 31,2025, in relation to compliance of all applicable SEBI Regulations/circulars/ guidelines issued thereunder, pursuant to requirement of Regulation 24A of Listing Regulations is on the website of the Company.

The observations made by the Secretarial Auditors of the Company and management reply thereto is mentioned in the Secretarial Audit report.

The non-compliance was purely inadvertent and occurred due to an internal oversight. The Company acknowledges this lapse in all sincerity and has already initiated corrective measures to strengthen its internal compliance systems. Further, the Company is taking proactive steps to enhance its compliance framework with a view to ensure adherence to all applicable laws and regulations in a timely manner. These efforts are aligned with the Companys commitment to uphold the principles of good corporate governance, transparency, and accountability, thereby fostering better compliance prospects in the future.

Cost Auditors

The Company is not required to appoint any Cost Auditors or maintain cost records for the Company during the year under review.

Internal Auditors

The Board had appointed M/s Anjani Goyal & Co. Chartered Accountants as the Internal Auditors for FY 2024-25. The Board appointed M/s Anjani Goyal & Co, Chartered Accountants as the Internal Auditors for Financial Year 2024-25. The remarks of the Internal Auditors Report are placed before the Audit Committee and Board of Directors for their review and process improvement.

INTERNAL FINANCIAL CONTROLS

The Management continuously reviews the Internal Control Systems and procedures for the efficient conduct of the Companys business. The Company adheres to the prescribed guidelines with respect to the transactions, Financial Reporting and ensures that all its assets are safeguarded and protected against losses. The Internal Auditor of the Company conducts the Audit on regular basis and the Audit Committee actively reviews Internal Audit Reports and effectiveness of Internal Control Systems.

Internal Control Systems are implemented to safeguard the Companys assets from loss or damage, to keep constant check on the cost structure, to prevent revenue leakages, to provide adequate Financial and Accounting Controls and implement Accounting Standards.

RISK MANAGEMENT POLICY

The Board of Directors have constituted a Risk Management Committee consisting of the heads of finance, administration and operations of the company. The Risk Management Committee of the Company has been entrusted by the Board with the responsibility of reviewing the risk management process in the Company and ensuring that the risks are brought within acceptable limits.

Mitigation plans to significant risks are well integrated with functional and business plans and are reviewed on a regular basis by the senior leadership. The Company endeavours to continually sharpen its Risk Management systems and processes in line with a rapidly changing business environment. The Company, through its risk management process, aims to contain the risks within its risk appetite.

There are no risks which in the opinion of the Board threaten the existence of the Company. However, some of the risks which may pose challenges are set out in the Management Discussion and Analysis which forms part of this Annual Report.

The Board of Directors of the Company, on the recommendation of the Risk Management Committee has developed risk management policy for the Company to articulate the Companys approach to address the uncertainties in its endeavour to achieve its stated and implicit objectives and the same is available at the website of the Company at www.asl.net.in.

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

The information required to be furnished pursuant to Section 134 (3) (m) of the Companies Act, 2013 read with Rule 8 (3) of Companies (Accounts) Rules, 2014 is enclosed as Annexure - V and forms part of this Report.

CORPORATE GOVERNANCE REPORT

In compliance with Regulation 34 of the Listing Regulations, a separate report on Corporate Governance along with a certificate from the Auditors on its compliance is attached to this Report. The same is attached to this Report as Annexure - VI .

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis as stipulated under the Listing Regulations is presented in a separate section forming part of this Annual Report.

POLICY ON PREVENTION OF SEXUAL HARASSMENT AT WORKPLACE

As per the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (hereinafter referred to as Prevention of Sexual Harassment Act), the Company has formulated a Policy on Prevention of Sexual Harassment at Workplace for prevention, prohibition and redressal of sexual harassment at workplace and an Internal Complaints Committees has also been set up to redress any such complaints received.

The Company is committed to providing a safe and conducive work environment to all of its employees and associates. The Company periodically conducts sessions for employees across the organization to build awareness about the Policy and the provisions of Prevention of Sexual Harassment Act.

The Company has not received any complaints during the Financial Year 2024-25.

Further, the Ministry of Corporate Affairs has introduced an amendment requiring disclosure of POSH compliance in the Boards Report for reports Accordingly, the following disclosure is being made in compliance with the said requirement:

Sr. No.	Particulars	Response
1	Number of Sexual Harassment Complaints received	Nil
2	Number of Complaints disposed off	Not Applicable
3	Number of Cases pending for more than 90 days	Not Applicable

The composition of the IC Committee is available on the website of the Company.

MATERNITY BENEFIT COMPLIANCE:

The Ministry of Corporate Affairs has introduced an amendment requiring disclosure of POSH compliance in the Boards Report for reports approved in the Board Meeting held on or after July 14, 2025. Accordingly, the following disclosure is being made in compliance with the said requirement under Maternity Benefit Act, 1961:

Sr. No. Particulars Response
1	Maternity Leave provisions	Nil
2	Salary and Benefits	Not Applicable
3	Related Employee Entitlements	Not Applicable

NUMBER OF EMPLOYEES OF ARIHANT SUPERSTRUCTURES LIMITED AS ON THE CLOSURE

OF THE FINANCIAL YEAR
Female	45
Male	121
Transgender	-
Total	166

INVESTOR EDUCATION AND PROTECTION FUND (IEPF)

In accordance with the applicable provisions of Companies Act, 2013 (hereinafter referred to as the Act) read with Investor Education and Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016 (hereinafter referred to as the IEPF Rules), all unclaimed dividends are required to be transferred by the Company to the IEPF, after completion of seven (7) years. Further, according to IEPF Rules, the shares on which dividend has not been claimed by the shareholders for seven (7) consecutive years or more shall be transferred to the demat account of the IEPF Authority. The details relating to amount of dividend transferred to the IEPF during the FY 2024-25 and corresponding shares on which dividends were unclaimed for seven (7) consecutive years, are provided in the General Shareholders Information section of Corporate Governance report forming part of this Annual Report.

The Company is under process of transfer the unpaid dividend amount and underlying shares to IEPF Account.

CODE OF CONDUCT AND INSIDER TRADING REGULATIONS

The Board of Directors has approved a Code of Conduct which is applicable to the Members of the Board and all Employees in the course of day to day business operations of the Company.

The Code lays down the standard procedure of business conduct which is expected to be followed by the Directors and the designated Employees in their business dealings and in particular on matters relating to integrity in the work place, in business practices and in dealing with Stakeholders.

The Company has adopted a Code of Conduct for Prevention of Insider Trading with a view to regulate trading in securities by the Directors and designated Employees of the Company. The Code requires pre-clearance for dealing in the Companys Shares and prohibits the purchase or sale of Company Shares by the Directors and the designated Employees while in possession of Unpublished Price Sensitive Information in relation to the Company and during the period when the trading window is closed. The Board is responsible for implementation of the Code.

All Directors and the designated Employees have confirmed compliance with the Code, except for the instances as reported to the Stock Exchanges in this regard.

EMPLOYEES:

The employees form an integral part of the success of any Company. The Company on a group level employed as mentioned in the below table employees during the year. The details of employees employed with the Company are as follows:

TOTAL EMPLOYEES FOR THE YEAR

Arihant Superstructures Limited	MALE	FEMALE	TOTAL
FY 24-25 Subsidiaries Arihant Aashiyana Private Limited	121	45	166
FY 24-25 Arihant Abode Limited FY 24-25	91	35	126
	77	22	99
Arihant Vatika Realty Private Limited FY 24-25 Dwellcons Private Limited
	100	19	119
FY 24-25	-	-	-
Arihant Gruhnirman Private Limited
FY 24-25	-	-	-
Total employees in subsidiaries	268	76	344
GRAND TOTAL	389	121	510

OTHER DISCLOSURES:

There are no material changes and commitments affecting the financial position of the Company which have occurred between the end of the financial year 2024-25 and the date of this report.

During the year under the review, there was no change in the nature of business of the Company.

During the year under review, the Company has not accepted any deposit within the meaning of Sections 73 and 74 of the Act read with the Companies (Acceptance of Deposits) Rules, 2014.

The Company has complied with Secretarial Standards issued by the Institute of Company Secretaries of India on Meetings of the Board of Directors and General Meetings

The details of the Loans given, Investments made, guarantees and securities on loans given during Financial Year 2024-25 are stated in Note 06 to the Standalone Financial Statements of the Company.

The Company has taken loan from the Directors or their relatives during the year under review. Details of the same are mentioned in the Financial Statement. Further the Company has taken the disclosure from the directors regarding the same.

There are no significant material orders passed by the Regulators or Courts or Tribunals impacting the going concern status of the Company and its operations in future.

The Managing Director/Whole-time Director of the Company has not received any remuneration or commission from any of the subsidiary companies.

None of the Auditors of the Company have reported any fraud as specified under the second proviso of Section 143 (12) of the Act.

The Company does not have any scheme or provision of money for the purchase of its own shares by employees/ Directors or by trustees for the benefit of employees/ Directors.

The Company has not issued equity shares with differential rights as to dividend, voting or otherwise.

The Company has not issued any sweat equity shares to its directors or employees; and

There was no revision of financial statements and Boards report of the Company during the year under review.

There are no applications made or any proceedings pending against the Company under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the financial year.

There are no instances of one-time settlements during the financial year.

APPRECIATION

The Board of Directors place on record sincere gratitude and appreciation for all the employees at all levels for their hard work, solidarity, cooperation and dedication during the year. The Board conveys its appreciation for its customers, shareholders, suppliers as well as vendors, Bankers, Business Associates, Regulatory and Government Authorities for their continued support.

By Order of the Board Arihant Superstructures Limited

Sd/-

Ashokkumar B. Chhajer

Chairman & Managing Director

DIN: 01965090