Axis Solutions Ltd Directors Report

The Standalone and Consolidated financial performance of the Company for the financial year ended 31st March, 2025, is summarized below:

During financial year 2024 25, the Standalone revenue of your Company increased by Rs. 64.37 Crore to Rs. 200.73 Crore as of 31st March, 2025, as against Rs. 136.36 Crore in the previous financial year and Standalone net profit for the year increased by Rs.3.26 Crore to Rs.35 Crore as against Rs.31.74Crore in the previous financial year.

During financial year 2024 25, the Consolidated revenuer of your Company increased by Rs.64.96 Crore to Rs. 201.32 Crore as of 31st March, 2025, as against Rs.136.36 Crore in the previous financial year and Consolidated net profit for the year increased by Rs.1.74 to Rs. 33.48 Crore as against Rs.31.74 Crore in the previous financial year.

The Standalone and Consolidated Financial Statements have been prepared in compliance with the Indian Accounting Standards (IND AS) as notified under the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time.

1. Conclusion of Merger of Axis Solutions Private Limited into the Company

In accordance with the Scheme, The Company, at its Board Meeting held on 19th September, 2024 allotted 4 shares of Rs.10 each of the company (Asya Infosoft Limited Presently Axis Solutions Limited) against the 1 equity shares of Rs. 10 each held by the shareholders in the Axis Solutions Private Limited. Accordingly an allotment of 3,98,22,200 Equity Shares of Rs. 10/ each fully paid up made to the shareholders of M/s Axis Solution Private Limited as a Consideration for the merger.

This strategic move provide integrated engineering and digital solutions across global markets. It also drive significant value by enhancing operational efficiencies , accelerating innovation and expanding service portfolio.

2. Successful Implementation of the Approved Resolution Plan

All necessary actions as stipulated in the Resolution Plan including settlement of admitted claims, infusion of funds, issuance/ allotment of securities (if applicable), and reconstitution of the Board of Directors have been completed within the prescribed timelines. Consequently, the Company has formally exited the CIRP in compliance with the Insolvency and Bankruptcy Code, 2016.

3. Equity Funds Raised Through Preferential Issue

In order to ensure compliance with the Minimum Public Shareholding (MPS) norms, your Company is committed to achieve the required thresholds within the stipulated timelines. The Company is actively evaluating and exploring various permissible options and mechanism as prescribed by SEBI.

4. Change of Name

The Registrar of Companies, Manesar, Haryana, issued a fresh certificate of incorporation on 26th March, 2025 reflecting the new name of the Company.

5. Change in Registered office of the Company

6. Change in CIN Number

In order to align the object clause of Axis Solutions Private Limited with that of the Company pursuant to the merger, the Corporate Identification Number (CIN) of the Company has been changed to L43212GJ1985PLC029849, effective from 30th January, 2025.

The Company has further included additional business activities through a shareholder resolution dated 31st December, 2024. These new objects include: manufacturing of hydrogen energy generation equipment and related services; manufacturing, designing, and installation of EV charging stations; services related to Supervisory Control and Data Acquisition (SCADA) systems; development of electronic modules for data transmission; and provision of services related to electrical high voltage isolator products.

1. Revocation of Suspension and Listing of Equity Shares post NCLT Acquisition and Merger

2. Strategic asset acquisition and Formation of Green Hydrogen Business vertical

The Company has entered into a strategic Assets Purchase Agreement with H2GO Power Limited, a UK based technology company specializing in hydrogen energy solutions. The transaction involved the acquisition of key assets including inventory and critical intellectual property such as patents, trademarks, proprietary software, and other technology related rights. These assets are directly related to hydrogen storage distribution and optimization technologies.

The transaction was completed after through due diligence and received the necessary approvals from the Board.

3. Shifting of Registered office

4. Acquisition of Stake of Axis Solutions FZE, UAE

The Company, through its Board Meeting held on 7th August 2025, has approved the acquisition of the entire stake in Axis Solutions FZE, UAE from the existing investors, thereby making it a wholly owned subsidiary. This strategic investment aligns with our long term vision of expanding our global footprint and strengthening our presence in key international markets.

The Board of Directors of your Company, in its meeting held on 30th May, 2025 has recommended a final dividend of Rs. 0.50 (Fifty Paise) (5%) per equity share of the face value of Rs. 10/ each fully paid up for the financial year ended on 31st March, 2025, subject to the approval of the Members at the ensuing 40th Annual General Meeting. The Final Dividend is payable to those shareholders whose names appear in the Register of Members as on the Record Date fixed by the Company. The Dividend payable by the Company will be as per the Dividend Distribution Policy of the Company.

The Board of Directors of your Company has decided not to transfer any amount to the Reserves for the year under review.

Post effectiveness of scheme and as on 31st March, 2025, The Authorized share capital of the Company stood at 50,00,00,000/ (Rupees Fifty Crore only) consisting of 5,00,00,000 equity shares of Rs. 10/ (Rupees Ten only).

The Board of Directors at their meeting held on 6th September, 2024 has approved

Increased in Authorized Share Capital of the Company from Rs. 27,00,00,000/ (Rupees Twenty Seven Crores Only) divided into 2,70,00,000 equity shares of Rs. 10/ (Rupees Ten only) each to 50,00,00,000/ (Rupees Fifty Crore only) divided into 5,00,00,000 equity shares of Rs. 10/ (Rupees Ten only).

1. Scheme of Arrangement for the Reduction of Share Capital

cancellation and extinguishment of the entire shareholding of the erstwhile promoters and promoter group without any payout; cancellation and extinguishment of the shareholding of the public shareholders, other than existing promoter and issuance and allotment of One Equity Share of Rs.10/ each for every 20 Equity Shares held by the public shareholders other than existing promoters as a consideration for such reduction of Capital;

Issuance of 37,50,000 equity shares to Mr. Mr. Bijal Dineshchandra Sanghvi and Mrs. Purvi Sanghvi in place of Axis Solutions Pvt Ltd as a Successful Resolution Applicant against infusion of fund;

Issuance of 1,00,000 equity shares to Shivom Investment & Consultancy Limited as a Financial Creditor

Pursuant to the implementation of scheme, the Board of Directors at their meeting held on 19th September, 2024 approved allotment of 5,88,080 equity shares of Rs. 10 each to the Public Shareholder other than Promoters pursuant to reduction of share capital allotment of 37,50,000 equity shares of Rs. 10 each to the Resolution applicant viz Mr. Bijal Dineshchandra Sanghvi and Mrs. Purvi Sanghvi in place of Axis Solutions Pvt Ltd

allotment of 100,000 equity shares of Rs. 10 each to the Shivom Investment & Consultancy Limited as a Financial Creditor.

Consequent to the said allotment the Paid up equity share capital stood at Rs. 4,43,80,800 consisting of equity shares of 44,38,080 Rs. 10 each.

2. Composite Scheme of Arrangement Between the Company and Axis Solutions Private Limited

The Board at its meeting held on 6th September, 2024 take note of the Scheme of Arrangement for the merger of M/s. Axis Solutions Private Limited into the Company (Asya Infosoft Limited Presently Axis Solutions Limited) under Sections 230 232 and other applicable provisions of the Act and the rules framed thereunder, inter alia, for:

Merger of Axis Solutions Private Limited (Transferor Company) into Asya Infosoft Limited Presently Axis Solutions Limited (Transferee Company)

The implemented scheme has been in the best interest of the Amalgamated Company and its respective shareholders, employees, creditors, and other stakeholders, for the following reasons.

To enable Axis Solutions Private Limited (Transformer Company) to achieve listing of its equity shares on the stock exchange in a cost effective and time efficient manner.

To enhance operational capabilities, diversify the business portfolio, and unlock new growth opportunities for the Amalgamated Company in high potential sectors.

Pursuant to the Scheme of Merger, The Company, at its Board Meeting held on 19th September, 2024 allotted 4 shares of Rs.10 each of the company (Asya Infosoft Limited Presently Axis Solutions Limited) against the 1 equity shares of Rs. 10 each held by the shareholders in the Axis Solutions Private Limited. Accordingly an allotment of 3,98,22,200 Equity Shares of Rs. 10/ each fully paid up made to the shareholders of M/s Axis Solution Private Limited as a Consideration for the merger.

Consequent to the said allotment the Paid up equity share capital stood at Rs. 44,26,02,800 consisting of equity shares of 4,42,60,280 Rs. 10 each.

3. Issuance of Shares to Strategic Investors

Consequent to the said allotment the Paid up equity share capital stood at Rs. 47,26,02,800 consisting of equity shares of 4,72,60,280 of Rs. 10 each

During the year under review, the Company has not taken up any of the following activities:

1. Issue of Sweat equity shares: The Company has not issued any sweat equity shares during the year under review and hence no information as per provisions of Section 54(1)(d) of the Act read with Rule 8(13) of the Companies (Share Capital and Debentures) Rules, 2014.

2. Issue of shares with differential rights: The Company has not issued any shares with differential rights and hence no information as per provisions of Section 43(a) (ii) of the Act read with Rule 4(4) of the Companies (Share Capital and Debenture) Rules, 2014.

4. Non Exercising of voting rights: During the year under review, there were no instances of non exercising of voting rights in respect of shares purchased directly by employees under a scheme pursuant to Section67(3) of the Act read with Rule 16(4) of Companies (Share Capital and Debentures) Rules, 2014.

5. Disclosure on purchase by company or giving of loans by it for purchase of its shares: The Company did not purchase or give any loans for purchase of its shares.

1. Changes in Board of Directors

Mr. Bijal Sanghvi (DIN: 01988242) was appointed as Promoter Director in the capacity of Executive Director and designated as Director w.e.f 10th August, 2024, he was appointed as Managing Director for a period of 5 year w.e.f 6th September,2024.

Mrs. Purvi Sanghvi (DIN: 01932029) was appointed as Promoter Director in the capacity of Executive Director and designated as Director w.e.f 10th August, 2024, she was appointed as CEO of the Company w.e.f 6th September, 2024. Mr. Purvi Bijal Sanghvi was appointed for a term of 5 year w.e.f 10th August, 2024.

Mr. Anand Shah (DIN: 09567072) was appointed as Director in the capacity of Executive Director and designated as Director w.e.f 10th August, 2024, he was appointed for a term of 5 year w.e.f 10th August, 2024.

Mr. Kornagattil Kutta Guptan (DIN:10813992) was appointed as an Additional Director in the capacity of Non Executive Independent Director for a term of 1 year, effective from 14th November, 2024.

Mr. Deepak Prajapati (DIN: 10841232), Mrs. Nirali Parth Shah (DIN: 10811015) was appointed as an Additional Director in the capacity of Non Executive Independent Director for a term of 1 year, effective from 30th November, 2024.

Mrs. Sherry Shah (DIN: 10811014) was appointed as an Additional Director in the capacity of Non Executive Non Independent Director with effect from 30th November, 2024.

Mr. Ketan Shah (DIN:00913411) was resigned as Managing Director and CEO from company w.e.f 10th August, 2024.

Mr.Hemal Shah (DIN: 08031163) was resigned as Additional Director from company w.e.f 10th August, 2024.

Mr. Dhavalbhai Patel and Mr. Ravi Mali was resigned as Director from company w.e.f 10th August, 2024.

The appointment of Mr. Bijal Sanghvi, Mrs. Purvi Sanghvi, Mr. Anand Shah, Mr. Kornagattil Kutta Guptan, Mr. Deepak Prajapati, Mrs. Nirali Shah and Mrs.Sherry Shah were approved by the shareholders at the Annual General Meeting held on 31st December, 2024 as per the terms of their appointment were recommended by the Board of Directors of the Company.

2. Re appointment of Director

In accordance with the provisions of Section 152 of the Companies act and the Articles of Association of the Company, Mrs. Sherry Shah (DIN: 10811014), Non Executive, Non Independent Director of the Company, retires by rotation at the ensuing AGM and being eligible, has offered himself for reappointment.

Mr. Kornagattil Kutta Guptan (DIN:10813992) will complete his first term of 1 (one) year as Independent Director of the Company on 13th November, 2025. On the recommendation of the NRC and the Board of Directors, the proposal for re appointment of Mr. Kornagattil Kutta Guptan as Independent Director for a second term of five (5) years commencing from 14th November, 2025 upto 13th November, 2030 (both days inclusive) is being included in the Notice of ensuing 40th AGM for approval of the Shareholders.

Mr. Deepak Prajapati (DIN: 10841232) and Mrs. Nirali Shah (DIN: 10811015) will complete their first term of 1 (one) year as Independent Director of the Company on 29th November, 2025. On the recommendation of the NRC and the Board of Directors, the proposal for re appointment of Mr. Deepak Prajapati and Mrs. Nirali Shah as Independent Director for a second term of five (5) years commencing from 30th November,2025 upto 13th November, 2030 (both days inclusive) is being included in the Notice of ensuing 40th AGM for approval of the Shareholders.

Mrs. Purvi Sanghvi (DIN: 01932029) was appointed as CEO of the Company w.e.f 6th September, 2024. Mr. Ninad Vora was appointed as the Chief Financial Officer (CFO), w.e.f 6th September, 2024.

Mr. Dipesh A. Panchal was appointed as Company Secretary and Compliance officer w.e.f 7th November, 2024.

4. Independent Directors

In terms of Section 149 of the Act, Mr. Kornagattil Kutta Guptan, Mr. Deepak Prajapati, Mrs. Nirali Shah are the Independent Directors of the Company. The Company has received declaration from all the Independent Directors confirming that they meet the criteria of independence as prescribed under Section 149(6) of the Act and Regulation 16(1)(b) of the SEBI Listing Regulations and are Independent of the Management. In terms of Regulation 25(8) of the SEBI Listing Regulations, they have confirmed that they are not aware of any circumstances or situation which exist or may be reasonably anticipated, that could impair or impact their ability to discharge their duties with an objective independent judgment and without any external influence. The Board of Directors of the Company has taken on record the declaration and confirmation submitted by the Independent Directors after undertaking due assessment of the veracity of the same.

The Board is of the opinion that all Directors including the Independent Directors of the Company possess requisite qualifications, integrity, expertise and experience in the field of engineering, technology, digitalization, strategy, finance, governance, human resource, safety etc.

During the year under review, the Non Executive Directors of the Company had no pecuniary relationship or transactions with the Company, other than sitting fees, commission and reimbursement of expenses incurred by them for the purpose of attending meetings of the Board Committees of the Company.

The performance evaluation of the Chairman, the Non Independent Directors, the Committees and the Board as a whole was carried out by the Independent Directors. The exercise of performance evaluation was carried out through a structured evaluation process covering various aspects of the Board functioning such as composition of the Board and Committees, experience and competencies, performance of specific duties and obligations, contribution at the meetings and otherwise, independent judgment, governance issues, etc.

The results of the evaluation showed a high level of commitment and engagement of Board, its various committees and senior leadership.

In line with the provisions of the resolution plan and newly constituted Board of Directors, the company has constituted following committee of Director on 30th November, 2024.

Audit Committee

The Board met 12 (twelve) times during the year under review. The intervening gap between the meetings did not exceed 120 days, as prescribed under the Act and SEBI Listing Regulations. The details of board meetings and the attendance of the Directors are provided in the Corporate Governance Report, which forms part of this report.

Pursuant to the Successful revival of the Company under the Corporate Insolvency Resolution Process (CIRP) in accordance with the provisions of the Insolvency and Bankruptcy Code, 2016, the Company has undertaken a comprehensive governance and compliance requirement. The Board, in its meeting held on 30th November 2024, constituted and adopted the following key policies:

Archival of Record Policy Board Diversity Policy

Code of Conduct of Board of Director and Senior Management Policy Corporate Social Responsibility Policy Criteria for making payments to Non Executive Directors Familiarization Program for ID Policy Material Subsidiary Policy Nomination and Remuneration Policy Policy on Determination of Materiality of Event Policy on Succession Planning on Board and Senior Management Preservation of Document Policy Related Party Transaction Policy Terms and Condition of appointment of ID

Vigil Mechanism Whistle Blower Policy Dividend Distribution Policy Sexual Harassment Policy

Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of Trading by insiders Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) Policy for Procedure of Inquiry in case of Leak or Suspected Leak of Unpublished Price Sensitive Information (UPSI)

1. Selection and procedure for nomination and appointment of Directors

The NRC is responsible for developing competency requirement for the Board based on the industry and strategy of the Company. The Board composite analysis reflects in depth understanding of the Company, including its strategies, environment, operations, financial condition and Compliance requirements.

2. Criteria for determining qualifications, positive attributes and independence of a Director

In terms of the provisions of Section 178(3) of the Act, and Regulation 19 of the SEBI Listing Regulations, the NRC has formulated the criteria for determining qualifications, positive attributes and independence of Directors, the key features of which are as follows:

Qualification The Board nomination process encourages diversity of thought, experience, knowledge, age and gender. It also ensures that the Board has an appropriate blend of functional and industry expertise.

Positive Attributes Apart from the duties of Directors as prescribed in the Act, the Directors are expected to demonstrate high standards of ethical behavior, communication skills and independent judgment. The Director are also expected to abide by the respective Code of Conduct as applicable to them.

Independence A Director will be considered independent if he/ she meets the criteria laid down in Section 149(6) of the Act, the Rules framed thereunder and Regulation 16(1)(b) of the SEBI Listing Regulations.

It is affirmed that the remuneration paid to Directors, KMPs and employees is as per the Remuneration Policy of the Company.

The Corporate Social Responsibility Policy (CSR Policy), of the Company indicating the activities to be undertaken by the Company, is available on the Company website www.axisindia.in.

The Details of the CSR Committee are provided in the Corporate Governance Report which forms part of this Annual Report.

The Company has identified the following focus area towards the CSR activities, which inter alia include

Education

Health, Hygiene & Sanitation

Gender equality

Animal Welfare

The Company does not fall under the criteria prescribed under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the formulation of a Risk Management Policy or constitution of a Risk Management Committee. However, the Company recognizes the importance of risk management in ensuring sustainable business operations. Accordingly, the Audit Committee oversees the risk management function and periodically reviews key risks and mitigation measures to ensure that risks are identified, assessed, and managed effectively.

The Company hereby affirms that no Director, employee or any other personnel has been denied access to the Chairman of the Audit Committee and that no complaint was received during the year.

During the year under review, the Company allotted equity shares in dematerialized form to the eligible shareholders in accordance with the approved Scheme of Arrangement involving reduction of share capital. In respect of shareholders who held shares in physical form as on the record date, the corresponding shares have been transferred to the Asya Infosoft Limited Unclaimed Suspense Account, in compliance with applicable regulatory requirements. The Company continues to take necessary steps to facilitate the claim and transfer of such shares to the rightful owner upon submission of valid documents.

a) There are no proceeding initiated/pending against your Company under the Insolvency and Bankruptcy Code, 2016 which materially impact the business of the Company. b) During the year under review, the Company has not made any one time settlement.

Other than the matters disclosed in this Report, there are no other events or transactions during the year that require disclosures to be made in terms of the provisions of Act.

1. Statutory Auditor

Pursuant to the Provisions of section 139 of the Act, M/s. Chandabhoy & Jassoobhoy, Chartered Accountants were appointed as the Statutory Auditor from conclusion of 36th Annual General Meeting held on 31st December, 2021 up to the conclusion of 41st Annual General Meeting to be held in financial year 2026.

The report of the Statutory Auditors along with notes to Schedules is a part of this Annual Report. There has been no qualification, reservation, adverse remark or disclaimer given by the Auditors in their Report.

2. Cost Auditors

As per Section 148 of the Act read with the Companies (Cost Records and Audit) Rules, 2014, the Company is required to prepare, maintain as well as have the audit of its cost records conducted by a Cost Accountant and accordingly, it has made and maintained such cost accounts and records. The Board, on recommendation of the Audit Committee has been appointed M/s Maulik Shah & Co. (Mem. No. 41622, COP : 001118), Cost Accountants, as Cost Auditor of the Company for FY 2025 26.

M/s Maulik Shah & Co. have confirmed that they are free from disqualification specified under Section 141(3) and proviso to Section 148(3) read with Section 141(4) of the Act and that the appointment meets the requirements of the Act.

3. Secretarial Auditors

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

During the year under review, the Statutory Auditors, Cost Auditors and Secretarial Auditors have not reported any instance of fraud committed in the Company by its officers or employees to the Audit Committee under Section 143(12) of the Act, details of which need to be mentioned in this Report.

Pursuant to the acquisition of the Company through the National Company Law Tribunal (NCLT) process, Ideal Systems Limited, which was previously a subsidiary, has not been taken over. The business operations of the said entity remain suspended, and based on the information available, the entire carrying value of the investment was written off during the financial year 2022 2023.

As a result, Ideal Systems Limited is no longer considered a subsidiary of the Company and has neither been included in the consolidated financial statements nor considered for the purposes of this Report.

During FY 2024 25, the Company incorporated following wholly owned subsidiaries companies

Incorporated Axis Analytics India Private Limited on 20th February,2025 with an object of designing and manufacturing of engineering goods, as well as equipment related to hydrogen energy generation.

As on Date of Report the Company has incorporated the following wholly owned subsidiaries companies

Incorporated Axtevate Go Private Limited on 19th April,2025 with an object of manufacturing electric charger used in electric vehicles, research and development related to EV charging technology and electronic products, import export, re licence of charging station and allied services.

Approved the acquisition of entire stake from the shareholders of Axis Solutions FZE,UAE, and thereby making it a wholly owned subsidiary.

There were no associate or joint ventures of the Company during the FY 2024 25.

Company has taken necessary Members approval. However, there were no material transactions of the Company with any of its related parties during the year in terms of Section 134 read with Section 188 of the Companies Act, 2013. Therefore, the disclosure of the Related Party Transactions as required under Section 134(3)(h) of the Act in Form AOC 2 is not applicable to the Company for Financial year 2025 and hence, the same is not required to be provided.

The details of RPTs during Financial year 2025, including transaction with person or entity belonging to the promoter/ promoter group which hold(s) 10% or more shareholding in the Company are provided in the accompanying financial statement.

During the financial year 2025, the Non Executive Directors of the Company had no pecuniary relationship or transactions with the Company other than sitting fees, commission and reimbursement of expenses, as applicable.

Your Company is in compliance with the provisions of Section 186 of the Companies Act, 2013, to the extent applicable to your Company. The particular of loans given, investment made, guarantees given and securities provided are given in the Financial Statement of the Company accompanying to this report.

Pursuant to Section 92(3) of the Act and Rule 12 of the Companies (Management and Administration) Rules, 2014, the Annual Return for financial year 2025 is uploaded on the website of the Company at www.axisindia.in.

During the year under review, the Company has not accepted any deposit from the public. There are no unclaimed deposits/unclaimed/ unpaid interest, refunds due to the deposit holders or to be deposited to the Investor Education and Protection Fund as on 31st March, 2025.

Pursuant to Section 134(5) of the Act, the Board, to the best of their knowledge and based on the information and explanations received from the management of your Company, confirm that:

a. In the preparation of the annual accounts for the year ended on 31st March, 2025, the applicable accounting standards have been followed and there are no material departure from the same;

b. They 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 your Company at the end of the financial year i.e 31st March, 2025 and of the profit of your Company for that period;

c. They 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 your Company and for preventing and detecting fraud and other irregularities;

d. They had prepared the annual accounts on a going concern basis;

e. They had laid down internal financial controls to be followed by your Company and that such internal financial controls are adequate and are operating effectively and;

f. They have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

During the year under review, your Company has complied with all the applicable provisions of Secretarial Standard 1 and Secretarial Standard 2 issued by the Institute of Company Secretaries of India.

The provisions relating to the submission of the Business Responsibility and Sustainability Report (BRSR) are not applicable to the Company for the financial year 2025, as the Company does not fall under the criteria prescribed under Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to Regulation 32 of the SEBI (LODR) Regulations 2015, listed entity shall submit to the stock exchange a Statement of Deviation(s) or Variation(s) on a quarterly basis for public issue, rights issue, preferential issue etc.

During the year under review, there were no unclaimed or unpaid dividends, matured deposits, debentures, or any other amounts required to be transferred to the Investor Education and Protection Fund (IEPF) in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder. Further, there are no shares or amounts lying with the Company that are liable to be transferred to the IEPF.

Your Company has in place an Anti Sexual Harassment Policy in line with the requirements of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition and Redressal) Act, 2013. An Internal Complaints Committee (ICC) has been set up to address complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this Policy.

There were no sexual harassment complaint pending or received during the year ended March 31, 2025.

Your Directors would like to express their gratitude to the shareholders for reposing unstinted trust and confidence in the management of the Company and will also like to place on record their sincere appreciation for the continued co operation, guidance, support and assistance extended by our users, bankers, customers, Government & Non Government Agencies & various other stakeholders.

Your Directors also place on record their appreciation of the vital contribution made by employees at all levels and their unstinted support, hard work, solidarity, cooperation and stellar performance during the year under review.

Date: 22.08.2025 For and on behalf of the Board Place: Ahmedabad Axis Solutions Limited

(Formerly known as Asya Infosoft Limited)

Managing Director Director DIN: 01988242 DIN: 01932029