B & A Packaging India Ltd Directors Report

To The Members,

B & A PACKAGING INDIA LIMITED

Your Directors are pleased to present the Fortieth (40th) Annual Report of B & A Packaging India Limited (‘the Company) together with the audited financial statements of the Company for the year ended 31st March 2026.

FINANCIAL RESULTS

The financial performance of the Company is set out below:

(Rs. in Lakhs)

Particulars	Year ended 31st March 2026	Year ended 31st March 2025
Revenue from Operations	14,218.81	13,099.13
Other Income	79.76	89.00
Total Income	14,298.57	13,188.13
Total Expenditure after adjustment of increase/decrease of stocks	13,023.74	11,586.67
Profit before Depreciation, Finance Cost and Tax	1,274.83	1,601.46
Depreciation	215.05	189.16
Finance Cost	69.69	46.19
Profit before Tax	990.09	1,366.11
Provision for Tax
Current Tax	235.80	399.00
Income Tax for earlier years	47.51	--
Deferred Tax	0.34	(15.95)
Profit for the year	706.44	983.06

STATE OF COMPANYS AFFAIRS

Revenue from operations for the year under review was marginally higher by 8.55% over previous year. Profit before Tax was lower by 27.52% over the previous year. The Earnings per Share (EPS) for the year stood at Rs. 14.24 which was lower by Rs. 5.58 than previous years level.

REVIEW OF MARKET, BUSINESS AND OPERATIONS

Your Company manufactures precision paper sacks and flexible laminates in its two manufacturing divisions at Balasore, Odisha. Our offering from the sacks division cater to the packaging needs of tea, food, agricultural and other industrial products manufacturing units. The flexible unit has been maintaining a strong business development pipeline into sectors like fresh and frozen food, beverages, dairy products, pharmaceuticals, snacks and confectioneries.

The Indian packaging industry is undergoing gradual structural change. One of the most visible shifts is the growing emphasis on sustainability-led packaging solutions. Regulatory requirements around waste management and extended producer responsibility, combined with customer pressure from large FMCG and pharmaceutical companies, are accelerating the move towards recyclable, lightweight and lower-impact packaging formats. This has increased demand for paper board-based solutions, recyclable mono-material plastics and higher recycled content across packaging types. While these changes raise compliance and redesign costs in the short term, they also favour organised players with scale, technology and established customer relationships.

During the year under review, your Company recorded a marginal increase in the overall turnover. The paper sacks division and flexi division recorded a higher turnover in comparison to the previous year. The rise in the employment cost during the year under review was mainly due to steep rise in the rate of contractual labour announced by the local government. The Company has maintained a steady profitability during the year under review.

SEGMENT WISE PERFORMANCE REVIEW

Focused approach on the growing flexible laminate business continued to pay good dividends. Flexible laminate business accounted for 38.37% of the total revenue for the year under review. The total revenue in the paper sack division increased by 8.85% of the total revenue for the year under review. The Packet Tea division accounted for 0.23% of the total revenue for the year under review.The overall turnover of the Company was higher by 8.55% on Y-o-Y basis. The summarised divisional results are set out below:

(Rs. in Lakhs)

Particulars	Paper Sacks		Flexible Laminates		Packet Tea
	FY	FY	FY	FY	FY
	2025-26	2024-25	2025-26	2024-25	2025-26
Revenue from Operations	8729.65	8020.18	5455.81	5078.95	33.35
Profit before tax	686.02	918.19	303.77	447.92	0.30

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Pursuant to Regulation 34(2)(e) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), the Management Discussion and Analysis forms part of this report and is attached as Annexure -1. This section provides a comprehensive overview of the industry landscape, key economic and future trends, and the Companys operational performance during the financial year under review.

Corporate Initiatives, Works and Technology

Innovation is a key driver to your Companys growth. As the Company continues to invest in technology driven innovation, the marketing team alongwith divisional heads successfully blend their knowledge in paper technology, polymer science, conversion processes and engineering solutions into creativity and innovations which has led to our superior product offerings. This creativity and innovation have been our key focus and driving force for our competitive advantage and growth over the years.

We have initiated a series of modernization programme in our plants at Balasore during the last couple of years like installation of new poly plant with accessories in flexi unit, new dyer unit in paper sacks division, new machinery in flexible division, which has led to superior product offerings. Installation of these machines have resulted in significant reduction in cost and increased output.

Since your Company has been investing in new and improved technology while upgrading its existing facility with new tools to ensure best-in-class product is delivered, the new machineries and underlying technology are preferred processes due to high print quality, quick job changeovers, ease in use and higher production speed.

Your Board of Directors aims to endure to its ambitious modernization plan. Your Company is continuously strengthening its distribution channels to execute higher quantum of orders at minimum lead time delivery and adding new customers.

Capacity Addition

During the year under review, the Company had expanded its manufacturing capabilities by commissioning a new machinery facility for increasing the production of Flexible Laminates at its factory office at 22, Balgopalpur Industrial Area, Balasore – 756020, Odisha. This enhancement is aimed at meeting the growing demand for the product of the Company. The capacity shall be added in a phased manner from April 2026.

Finance

Focused capital allocation and steady cash flows due to effective cost control and faster realization of debtors resulted in rigid control over the finances of your Company. Strict working capital controls resulted in minimal impact on interest burden despite increase in the rate of interest in the bank borrowings.

Credit Rating

The Directors are pleased to inform you that the Company has assigned its credit rating on the banking facilities of the Company to a new credit rating agency, Infomerics Valuation and Rating Limited. The Companys long-term banking facilities credit rated at IVR BBB/ Stable (lVR Triple B with Stable Outlook) and short-term banking facilities credit rated at IVR A3 + (lVR A Three Plus). These rating indicates a very strong degree of safety with regard to timely payment of interest and principal. Such instruments carry lowest credit risk.

Information Technology

Your Company has always been adopting latest technology and staying tuned with the changes in information technology eco-system which has become our DNA and ingrained in all our actions. At B & A Packaging, we use sales and service network, supply chain, human resources and finance dashboards which analyses data and provides meaningful insights data to improve efficiency. The next important activity is ‘Cyber Security to ensure protection of our eco-system from unethical hackers. Cyber security is best dealt with by creating awareness and security readiness. The Company has undertaken a series of mandatory cyber security program for its employees which will enhance user awareness regarding cyber security.

Key risk areas to which your Company is exposed include:

Escalation in raw material prices Currency volatility Global/Economic downturn/War Competition Wage increases Information Security Risk

SHARE CAPITAL

During the year ended 31st March, 2026 there was no change in the issued, subscribed and paid-up share capital of the Company. The paid-up share capital as on 31st March, 2026 stood at Rs. 4,96,05,000 divided into 49,60,500 number of Equity Shares of Rs.10/- each.

DEPOSIT

Your Company did not accepted any deposits from public in terms of the provisions contained in Chapter V of the Companies Act, 2013 during the year under review.

TRANSFER TO RESERVES

The Company has transferred an amount of Rs. 1,00,00,000 to general reserve during the year under review.

CHANGE IN NATURE OF BUSINESS, IF ANY

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

DIVIDEND

The Board has recommended a final dividend of 10% i.e. Re.1 per equity share of Rs. 10 each in the Company for the financial year 2025-26. The distribution of dividend will result in payout of Rs. 49,60,500 before deducting tax at source, if approved by the Shareholders in the ensuing Annual General Meeting (‘AGM) of the Company.

DIRECTORS

As on 31st March 2026, the Directorate of the Company consists of nine directors, four of them are independent. The composition of the directorate is in conformity with the provisions of the Companies Act 2013 (the Act) allied rules and regulations and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations).

In accordance with the provisions of Section 152 of the Companies Act, 2013 and the Companys Articles of Association, Mr. Anjan Ghosh (DIN-00655014) and Mr. Arvind Parasramka (DIN-01081588) retires by rotation in the ensuing Annual General Meeting (AGM) of the Company and being eligible offers themselves for reappointment. The current tenure of Mr. Somnath Chatterjee as Managing Director of the Company ends on 11th November 2026.

Pursuant to Regulation 17(1C) of SEBI (LODR) and the applicable provisions of the Companies Act, 2013 read with the rules framed thereunder, the Board in its meeting held on 25th May 2026 has re-appointed Mr. Somnath Chatterjee as Managing Director of the Company for a period of 5 years with effect from 12th November 2026. His reappointment is subject to the approval of the shareholders in the ensuing AGM.

In the opinion of the Board, all Independent Directors possess requisite qualifications, experience, expertise and hold high standards of integrity required to discharge their duties with an objective independent judgment and without any external influence. The core skills, expertise and competence of the members of the Board including the Independent Directors, forms a part of the Corporate Governance Report of this Annual Report.

None of the Directors on the Board as on 31st March 2026 was debarred or disqualified from being appointed or continuing as Directors by the Ministry of Corporate Affairs (MCA), Government of India or Securities and Exchange Board of India (SEBI) or any such Statutory Authority of India.

A certificate in this regard from CS Indrani Chaudhuri, Practicing Company Secretary (CP No. 6667) is enclosed as Annexure - 2 and forms part of this report.

KEY MANAGERIAL PERSONNEL

During the financial year under review, there has been no change in the Key Managerial Personnel of the Company. Pursuant to the provisions of section 203 of the Companies Act, 2013, Mr. Somnath Chatterjee, Managing Director, Mr. Anupam Ghosh, Company Secretary and Mr. Goutamanshu Mukhopadhyay, Chief Financial Officer, held the position of Key Managerial Personnel (KMP) of the Company as on 31st March, 2026.

DECLARATION BY INDEPENDENT DIRECTORS

All Independent Directors of the Company have given declarations that they meet the criteria of independence as laid down under Section 149(6) of the Companies Act, 2013 and Regulation16(1)(b) of the Listing Regulations and that their names are registered in the data bank as per Rule 6 of the Companies (Appointment and Qualifications of Directors) Rules, 2014.

PERFORMANCE EVALUATION OF THE BOARD OF DIRECTORS

In terms of section 134(3) of the Act read with SEBI Listing Regulations, the Company had laid down the criteria for reviewing the performance of its Board of Directors, Committees of the Board and Individual Directors. The evaluation process inter-alia considers attendance of Directors at Board and committee meetings, effective participation on Board process, acquaintance with business, compliance with code of conduct, vision and strategy, which is in compliance with applicable laws, regulations and guidelines. The Board evaluated its performance after seeking inputs from all the Directors.

The performance evaluation of the Chairman and the Non-Independent Directors were carried out by the Independent Directors of the Company. The Board of Directors expressed their satisfaction with the evaluation process.

The performance evaluation of the Independent Directors was carried out by the entire Board. The Directors were satisfied with the evaluation results, which reflected the overall engagement of the Board and its Committees with the Company.

MEETINGS OF THE BOARD OF DIRECTORS

The particulars of the meetings of the Board of Directors held during the financial year ended 31st March 2026 have been furnished under para 1.4 of the Corporate Governance Report forming part of the Annual Report.

MEETING OF THE INDEPENDENT DIRECTORS

In terms of section 149 of the Companies Act, 2013 read with schedule IV of the said Act, a separate meeting of the Independent Directors of the Company was held on 13th February 2026.

COMMITTEES OF THE BOARD

The Board had constituted ‘Audit Committee, ‘Nomination and Remuneration Committee, ‘Stakeholders Relationship Committee and ‘Share Transfer Committee of Directors in terms of the respective provisions of the Companies Act, 2013 and SEBI Listing Regulations.

* The Share Transfer Committee has been dissolved w.e.f. 13th February 2026 and the powers of the Committee has been vested with the Board of Directors of the Company.

The constitution, terms of references and policies of these committees have been discussed in detail in the Corporate Governance section of the Annual Report. There were no instances where the Board did not accept the recommendations of the Audit Committee.

NOMINATION AND REMUNERATION POLICY AND PARTICULARS OF EMPLOYEES

The Company had formulated a comprehensive Nomination and Remuneration Policy ("NRC Policy") that outlines the key principles for evaluating the integrity, qualifications, expertise and experience of individuals considered for appointment as Directors, Key Managerial Personnels (KMPs) and Senior Management Personnels (SMPs). The primary objectives of the NRC Policy are:

(i) To ensure that the appointment and removal of Directors, KMPs, and SMPs are in strict compliance with the provisions of the Companies Act, 2013 and the SEBI Listing Regulations;

(ii) To establish clear criteria for evaluating the performance and determining the remuneration of Directors, KMPs, and SMPs;

(iii) To adopt industry best practices for attracting and retaining top talent; and

(iv) To promote diversity within the Board.

The Policy also provides a framework for conducting effective performance evaluations of the Board, its Committees and Individual Directors, which may be carried out by the Board itself and the Nomination and Remuneration Committee, along with a mechanism to monitor implementation and compliance. It is noteworthy that there were no changes in the NRC Policy during the year under review.

The said policy is available at the website of the Company at the following web-link: https://www.bampl.com/pdf/policy/nomination-remuneration-policy.pdf.

DIRECTORS RESPONSIBILITY STATEMENT

As required under section 134(5) of the Act, your Directors state that:

a. In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

b. They had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31st March 2026 and of the profit of the Company for the financial year ended 31st March 2026;

c. They had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the 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 the Company and that such internal financial controls were adequate and were operating effectively.

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

INTERNAL FINANCIAL CONTROL

The Company had a proper and adequate Internal Control System commensurate with the size, scale and complexity of its operations to ensure efficient usage and protection of the companys resources, accuracy in financial reporting and due compliance of statutes and procedures. The Company has a proper system of internal controls to ensure that all assets are safeguarded and protected against loss from unauthorized use or disposition and that transactions are authorized, recorded and reported correctly. The Internal Financial Control is exercised through documented policies, guidelines and procedures. It is supplemented by an extensive program of internal audit conducted by an external firm of Chartered Accountants manned with trained professionals appointed by the Board on recommendation made by the Audit Committee.

The Audit Committee of the Company evaluated the adequacy of internal financial control. During the year under review, such controls were tested with reference to financial statements and no reportable material weakness in the formulation or operations were observed. The Statutory Auditors of the Company conducted audit on the Companys internal financial control over financial reporting and the report of the same is annexed with Auditors Report.

Based on the framework of internal financial controls and compliance system established and maintained by the Company, audit of internal financial controls over financial reporting by the statutory auditors and the reviews performed by Management and the relevant Board Committees, including the Audit Committee, the Board is of the opinion that the Companys internal financial controls were adequate and effective during the FY 2025-26.

STATUTORY AUDITORS

M/s. Salarpuria & Partners, Chartered Accountants (FRN-302113E) were appointed as Statutory Auditors of the Company for a period of 5 (Five) years till the conclusion of the 43rd Annual General Meeting to be held for the FY 2029-30. The Auditors have confirmed that they were not disqualified from continuing as Statutory Auditors of the Company.

The report given by the Statutory Auditors on the Financial Statements of the Company for the financial year ended 31st March 2026 forms part of the Annual Report. There was no qualification, reservation, adverse remark or disclaimer in the report. There was no instance of fraud during the year under review, which required the Statutory Auditors to report to the Audit Committee and / or the Board under Section 143(12) of the Companies Act, 2013 and Rules framed thereunder.

MAINTENANCE OF COST RECORDS AND COST AUDITORS

Pursuant to the provisions of Section 148 of the Act read with the Companies (Audit and Auditors) Rules,

2014, as amended from time to time, your Company is required to maintain cost records with respect to flexible packaging business.

The Board of Directors, on the recommendation of Audit Committee, has re-appointed

M/s. Mou Banerjee & Co., Cost and Management Accountants as the Cost Auditors of the Company for the Financial Year 2026-27, for all the applicable products, pursuant to the provisions of Section 148 of the Companies Act, 2013 and the Companies (Cost Records and Audit) Rules, 2014. The members are requested to ratify the remuneration payable to the Cost Auditors at the ensuing 40th Annual General Meeting, in terms of Rule 14 of the Companies (Audit & Auditors) Rules, 2014. The Cost Auditors Report do not contain any qualifications, reservations, adverse remarks or disclaimers and no frauds were reported by the Cost Auditors to the Company under sub-section (12) of Section 143 of the Act.

SECRETARIAL AUDITORS

M/s. T. Chatterjee & Associates (FRN-P2007WB067100), a Firm of Practicing Company Secretaries were appointed as Secretarial Auditors of the Company for a period of 5 years till the conclusion of the 43rd Annual General Meeting to be held for the FY 2029-30. The Secretarial Audit Report for the financial year ended 31st March, 2026 is attached with the Boards Report as Annexure-3. The necessary clarification to the observation made by the Secretarial Auditors in their report has been furnished in para 5.3 of the Corporate Governance Report which forms part of the Directors report.

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

COMPLANCE WITH CORPORATE GOVERNANCE NORMS

In terms of appropriate provisions of the Listing Regulations, a certificate from a Practicing Company Secretary on compliance of Corporate Governance Norms is attached with the Directors Report as Annexure-4 and forms part of the Annual Report.

PARTICULARS OF CONTRACT AND ARRANGEMENT WITH RELATED PARTIES

The Board had adopted a policy on related party transactions to determine the materiality of transactions with related parties and strategy for dealing with the same. The policy is in conformity with Regulation 23 of the Listing Regulations and has been reviewed and renewed by the Board of Directors from time to time.

The said policy is available at the website of the Company at the following web-link: https://www.bampl.com/pdf/policy-on-related-party-transactions.pdf. In terms of section 134 of the Act read with rule 8(2) of the Companies (Accounts) Rules, 2014 particulars of contracts/ arrangements with related parties entered into by the Company during the financial year under review in form AOC-2 is attached as Annexure-5 and forms part of the Directors Report.

PARTICULARS OF LOANS, GUARANTEE OR INVESTMENTS

The Company did not give any loans or provided any guarantee or made any investments which were covered under section 186 of the Companies Act, 2013 during the year under review.

CORPORATE SOCIAL RESPONSIBILITY

The Corporate Social Responsibility (CSR) initiatives of the Company are monitored by the Board. Our people-centric initiatives are expanded through our Corporate Social Responsibility journey where we focus on child education, health care, women empowerment, sports and community development in addition to many other programs for the communities around us.

The CSR Policy of the Company as approved by the Board of Directors is available at the website of the Company at the web-link: https://www.bampl.com/pdf/policy/policy-on-csr.pdf.

In terms of Rule 9 of the Companies (Accounts) Rules, 2014 read with Rule 8 of the Companies (Corporate Social Responsibility Policy) Rules, 2014, Annual Report on CSR activities containing brief outline of the CSR policy, CSR initiatives undertaken and expenditure made during the year under review is attached as Annexure-6 and forms part of the Directors Report.

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

The information relating to conservation of energy, technology absorption and foreign exchange earnings and outgo as envisaged in section 134(3) of the Act read with the Companies (Accounts) Rules, 2014 is attached as Annexure-7 and forms part of this report.

ANNUAL RETURN

The Annual Return of the Company for the financial year ended 31st March 2026 in the prescribed draft format in accordance with the Act is available at the website of the Company at the following web-link https://www.bampl.com/annual-return.html.

VIGIL MECHANISM/WHISTLE BLOWER POLICY

In terms of section 177(10) of the Act read with Regulation 22 of the SEBI Listing Regulations, your Directors had adopted a Vigil Mechanism/ Whistle Blower Policy to report and deal with genuine concern raised by a whistle blower. The said policy has been posted at the website of the Company and is available at https://www.bampl.com/ pdf/policy/vigil-mechanism.pdf. The contact details of the vigilance officer is also available at the website of the Company. During the year under review, no complaint was reported under the policy.

PREVENTION OF INSIDER TRADING

The Company had adopted a Code of Conduct for Prevention of Insider Trading as amended from time to time 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 shares and prohibits the purchase or sale of shares of the Company, by the Directors and the designated persons while in possession of unpublished price sensitive information in relation to the Company and during the period when the Trading Window is closed.

MATERIAL CHANGES AND COMMITMENTS

Your Directors confirm that there was no material changes and commitment, affecting the financial performance of the Company which occurred between the end of the financial year of the Company to which the financial statements relate and the date of this report.

INVESTOR EDUCATION AND PROTECTION FUND (IEPF)

Pursuant to the provisions of Section 124 (6) of the Companies Act, 2013, Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (including amendments thereof) read with circulars and notifications issued thereunder, all the shares in respect of which dividend has not been paid or claimed for 7 consecutive years or more shall be transferred by the Company in the name of Investor Education and Protection Fund (IEPF) within stipulated dates.

The unpaid and unclaimed dividend amount lying in the Unpaid Dividend Account becomes due to be transferred to Investor Education & Protection Fund ("IEPF") after a period of 7 (seven) years.

A detailed disclosure with regard to the IEPF during the year under review forms part of the Report on Corporate Governance.

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS, COURTS AND TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANYS OPERATIONS IN FUTURE

There were no significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and companys operations in future during the year under review.

DISCLOSURE UNDER PREVENTION OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE

The Company had adopted a Policy on Prevention, Prohibition and Redressal of Sexual Harassment at Workplace in accordance with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013 ("POSH Act") and Rules made thereunder. All employees (permanent, contractual, temporary and trainees) were covered under this Policy. The Company maintains a zero-tolerance policy towards sexual harassment at the workplace.

The Company has complied with the provisions relating to the constitution of the Internal Complaints Committee as per the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

The following is the summary of sexual harassment complaints received and disposed of during the year:

(a) number of complaints of sexual harassment received in the year - NIL

(b) number of complaints disposed off during the year - NIL

(c) number of cases pending for more than ninety days - NIL

DISCLOSURE ON COMPLIANCES OF MATERNITY BENEFIT ACT, 1961

The Company has duly complied with the provisions of Maternity Benefit Act, 1961 during the year under review.

SECRETARIAL STANDARDS

The Company had in place proper systems to ensure compliance with the provisions of the applicable secretarial standards issued by The Institute of Company Secretaries of India (ICSI) and such systems were adequate and operated effectively during the year under review.

EMPLOYEE RELATIONS

One of the key strength of your company is its people. The Company employed around 151 individuals as permanent employees across its works and offices who share a passion for excellence. The key attributes that excelled their performance are knowledge base, expertise and experience. Human Resource (HR) policies of the Company are focused on developing the potential of each employee. With this premise, a comprehensive set of HR policies are in place, aimed at attracting, retaining and motivating employees at all levels. Employee relations remained cordial throughout the year and your Directors wishes to convey their gratitude and place on record their appreciation for all executives, staff and workers at all levels for their constant hard work, solidarity, cooperation and dedication under difficult circumstances which had ensured steady growth and progress of the Company over the years.

OTHER DISCLOSURES

Your Directors state that during the year under review:

a. The Company made no scheme or provision of money for the purchase of its own shares by Employees/ Directors or by trustees for the benefit of Employees/Directors.

b. The Company did not issue any equity shares with differential rights as to dividend, voting or otherwise.

APPRECIATION

Your Directors wish to place on record their sincere thanks and appreciation to all customers, suppliers, bankers, authorities, members and associates of the Company for their co-operation and support at all time.

	For and on behalf of the Board of Directors
	B & A Packaging India Limited
	Somnath Chatterjee	Dipankar Mukherjee
Place: Kolkata	Managing Director	Chairman
Date: 25th May 2026	DIN: 00172364	DIN: 07450198