Birla Precision Technologies Ltd Directors Report

To,

The Members of Birla Precision Technologies Limited

Your Directors take pleasure in presenting the 38^th Annual Report on the Audited Financial Statements of the Company for the year ended March 31, 2025.

1. FINANCIAL PERFORMANCE:

The Companys Financial performance for the Year ended March 31, 2025 as compared to the previous Financial Year ended March 31, 2024 is summarised below:

(INR in Lakhs)

Particulars	Standalone		Consolidated
	For the Year ended March 31, 2025	For the Year ended March 31, 2024	For the Year ended March 31, 2025	For the Year ended March 31, 2024
Total Income	20,951.04	22,778.26	21,601.95	22,755.82
EBITDA	2,102.76	2,797.79	2,075.31	2,677.87
Less: Depreciation	658.65	649.02	658.65	649.02
EBIT	1,444.11	2,148.77	1,416.66	2,028.85
Less: Finance Cost	566.99	348.80	571.58	350.12
Profit Before Exceptional Items and Tax	877.12	1,799.97	845.08	1,678.73
Less: Exceptional Items	89.62	-	-	-
Profit Before Tax	787.50	1,799.97	845.08	1,678.73
Less: Tax Expenses	155.60	586.60	171.01	588.20
Less: Short Provision of Earlier Period	52.47	-	52.47	-
Less: MAT Credit Entitlement	36.46	147.23	36.46	147.23
Profit or Loss After Tax	542.97	1,066.14	585.14	943.30

a) OVERVIEW OF COMPANYS PERFORMANCE

Standalone Performance of the Company:

During the Financial Year under review, total revenue declined to INR improvements in efficiency20,951.04 Lakhs as against INR 22,778.26 Lakhs in the corresponding previous Financial Year.

The EBIDTA in the previous year was INR 2,797.79 Lakhs as against INR 2,102.76 Lakhs in the reporting Financial Year. Net Profit INR 787.50 Lakhs as against INR 1,799.97 Lakhs in the previous Financial Year and Net profit tax) is INR 542.97 Lakhs as against INR 1,066.14 Lakhs in the previous Financial Year.

Consolidated Performance of the Company:

During the Financial Year under review, total revenue declined to INR 21,601.95 Lakhs as against INR 22,755.82 Lakhs in the corresponding previous Financial Year, primarily on the account of operational disruptions and transitional challenges faced during the migration of our ERP system to SAP. This strategic shift was undertaken to enhance process integration, data accuracy, and long-term scalability. While the transition impacted short-term operations, we expect significant decision-making going forward.

The EBIDTA in the previous year was INR 2,677.87 Lakhs as against INR 2,075.31 Lakhs in the reporting Financial Year. Net Profit (before tax)of INR 845.08 Lakhs as against INR 1,678.73 Lakhs in the previous Financial Year and Net profit (after tax) is INR 585.14 Lakhs as against INR 943.30 Lakhs in the previous Financial Year.

Your Companys management shall endeavour to continue to focus on cutting costs and concentrate on better productivity so as to overcome these uncertain and difficult times.

b) Cash Flow Statement:

The Cash Flow statement for the Financial Year 2024-2025 is attached as part of the Financial Statements.

c) Dividend:

Final Dividend for FY 2023-24:

The Board of Directors, at their meeting held on

May 22, 2024, recommended a Final Dividend of INR 0.05 (Five paise only) per equity share of INR 2 each, which was subsequently approved by the shareholders at their meeting held on September 06, 2024. The dividend was duly distributed to the shareholders within the prescribed timeline.

Final Dividend for FY 2024-25:

Further the Board of Directors, at their meeting held on May 23, 2025, recommended a Final Dividend of INR 0.05 (Five paise only) per equity share of INR 2 each, which is subject to approval of shareholders at the ensuing Annual General Meeting.

d) Transfer of Unclaimed Dividend to Investor Education and Protection Fund (IEPF)

Your Company did not have any funds lying unpaid or unclaimed for a period of seven years. Therefore, there were no funds which were required to be transferred to Investor Education and Protection Fund (IEPF).

e) Transfer to Reserves:

No amount was transferred to the General

Reserve Account during the Financial Year ended March 31, 2025.

2. FINANCE

a) Your Company continues to focus on judicious management of its working capital. Receivables, inventories and other working capital parameters were kept under strict check through a process of continuous monitoring.

b) Deposits: In terms of sections 73 and 74 of the Companies Act, 2013 read (‘the Act) with relevant Rules, your Company has not accepted any fixed deposits during the year under review.

c) Particulars of Loans, Guarantees and Investments:

Details of Loans, Guarantees and Investments made by your Company and covered under the provisions of Section 186 of the Act is appended as notes to the Financial Statements.

3. SHARE CAPITAL:

a) Authorised Share Capital:

During the Financial Year 2024-2025, there has been no change in the Authorised Share Capital of the Company.

b) Preferential Allotment of Fully Convertible Warrants:

The Company has 34,50,000 outstanding Fully Convertible Warrants as on March 31, 2025 which were issued during the previous financial year at the face value of INR 2 each for cash at an issue price of INR 64 (Rupees Sixty-Four) per Warrants (including premium of INR 62 (Rupees Sixty-Two) per warrants on a Preferential and Private Placement basis to Promoter Group of the

Company and Identified Non Promoters.

4. UTILISATION OF FUNDS FROM PROCEEDS OF PREFERENTIAL ISSUE

As on March 31, 2025, the entire amount raised through the Preferential Issue, allotted on March 27, 2024, has been fully utilised towards the objects for which it was raised.

5. SUBSIDIARIES, ASSOCIATES & JOINT VENTURES:

As on March 31, 2025, the Company has five subsidiaries in the name and style of “Birla Accucast Limited“, “Birla Engineering Private Limited”, “Birla Durotool Private Limited” and foreign subsidiaries in the name and style of “Birla Precision USA” “Birla Precision Technologies GmbH” incorporated in Germany. The Company has initiated steps for closure of Birla Precision USA.

Your Company does not have any, Associate & Joint Venture Company as on March 31, 2025. Furthermore, a statement containing the salient features of the Financial Statements of the Companys subsidiaries in the prescribed ‘Form AOC-I is attached as ‘Annexure - I, forms part of the Boards report.

6. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

The detailed review of the operations, state of affairs, performance and outlook of the Company and its business as stipulated under Regulation 34(2)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“SEBI Listing Regulations”) is presented in a separate section forming part of Annual Report under the head ‘Management Discussion and Analysis Report.

7. DIRECTORS & KEY MANAGERIAL PERSONNEL(KMP): a. Board of Directors:

Sr. No	DIN	Name	Designation
1.*	03327691	Mr. Vedant Birla	Chairman & Executive Director
2.**	07771465	Mr. Ravinder Chander Prem	Managing Director
3.	08686131	Mr. Santhosh Kumar	Executive Director
4.#	00258316	Mr. Sanjay Kothari	Non-Executive Non-Independent Director
5.	02680148	Ms. Raji Vishwanathan	Non-Executive Independent Director
6.	09562207	Ms. Tulsi Jayakumar	Non-Executive Independent Director
7.	07804776	Mr. Vikas Thapa	Non-Executive Independent Director
8.	07619879	Mr. Paramasivan Angala Srinivasan	Non-Executive Independent Director
9.	09505130	Mr. Kaleginanaoor Chandrashekhar Sharma	Non-Executive Independent Director

*There has been change in Designation of Mr. Vedant Birla (DIN: 03327691) from Chairman & Managing Director to Chairman & Executive Director of the Company w.e.f. April 07, 2025 subject to approval of shareholders of the Company at the ensuing Annual General Meeting.

**Mr. Ravinder Chander Prem (DIN: 07771465) was appointed as an Additional Director, designated as Managing Director of the Company with effect from April 07, 2025.

Subsequently, the shareholders have approved his appointment as Managing Director w.e.f. April 07, 2025 by way of a special resolution passed through postal ballot on June 27, 2025.

# Mr. Sanjay Kothari resigned from the post of Director of the Company with effect from the close of business hours of July 16, 2025.

b. Key Managerial Personnels (KMPs):

In terms of Section 203 of the Act, the KMPs of the Company during the Financial Year 2024-2025 are as follows:

Sr. No Name of the KMPS	Designation
1. Mr. Vedant Birla	Chairman & Executive Director
2. Mr. Santhosh Kumar	Executive Director
3. Mr. Pankaj Kumar**	Chief Financial Officer
4. Ms. Ishu Jain ***	Company Secretary & Compliance

Material Change to be noted after the end of reporting year Mr. Ravinder Chander Prem (DIN: 07771465) has been appointed as an Additional Director, designated as Managing Director of the Company with effect from April 07, 2025.

Subsequently, the shareholders have approved his appointment as Managing Director w.e.f. April 07, 2025 by way of a Special resolution passed through postal ballot on June 27, 2025.

**Mr. Pankaj Kumar was appointed as Chief Financial Officer w.e.f. May 22, 2024.

He resigned with effect from the close of business hours on August 2, 2025.

***Ms. Ishu Jain, Company Secretary & Compliance Officerhas tendered resignation w.e.f. April 18, 2025.

c. Retire by Rotation:

In accordance with the provisions of the Act and the Articles of Association of the Company, Mr. Santhosh Kumar (DIN:08686131) Executive Director, retires by rotation at the ensuing Annual General Meeting (“AGM”) and being eligible offers himself for re-appointment.

d. Declaration Given by the Independent Directors:

The Company has received declarations from all the Independent Directors of the Company confirming that they met the criteria of independence as prescribed under Section 149 (6) of the Act and Regulation 25 of SEBI Listing Regulations.

The Board of Directors of the Company is of the view that all the Independent Directors fulfil the criteria of independence and they are independent from the management of the Company. All Independent Directors of the Company have confirmed that they have registered themselves with Independent Directors Database of IICA and will appear for the online proficiency test of IICA, if applicable.

During the Financial Year 2024-25 a separate meeting of Independent Director was held on February 06, 2025 without the presence of Executive Directors or management representatives.

e. Board Effectiveness:

Independent Directors Familiarisation Policy:

In compliance with the requirements of Regulation 25(7) of the SEBI Listing Regulations, the Company has put in place a Familiarisation Program for the Independent Directors to familiarise them with the Company, their roles, rights, responsibilities in the Company, nature of the industry in which the Company operates, business model, etc. The details of the training and familiarisation program have been provided under the Corporate Governance Report. Further, at the time of the appointment of an Independent Director, the Company issues a formal letter of appointment outlining his / her role, function, duties, and responsibilities. Details of the Familiarisation Program conducted are available on the Companys website: https://www. birlaprecision.com/documents/investor/Policies/ Independent%20Director%20Familirization%20 Programme.pdf The Familiarisation Policy of the Company seeks to familiarise the Independent Directors with the working of the Company, their roles, rights and responsibilities with respect to the Company, the industry in which the Company operates, business model, etc.

f. Board and Committee Evaluation:

The Companies Act, 2013 and SEBI Listing Regulations contains broad provisions on Board Evaluation i.e. evaluation of the performance of (i) the Board as a whole, (ii) individual Directors (including Independent Directors and Chairman) and (iii) various Committees of the Board.

Pursuant to the said provisions, the Board has carried out an annual performance evaluation of the entire Board, its Committees and all the Directors based on the parameters specified in the Report of Corporate Governance.

A separate meeting of Independent Directors was held to discuss the performance of Non-Independent Directors, Board as a whole and the Chairman after considering the views of Executive Directors and Non-Executive Directors.

g. Criteria for selection of Directors, KMPs and Senior leadership positions and their remuneration

On the recommendation of the Nomination and Remuneration Committee, the Board of the Company has adopted a policy for selection and appointment of Directors, Key Managerial Personnel and Senior Management and their remuneration. The policy is available on the Companys website at the below mentioned weblink: https://www.birlaprecision.com/documents/ investor/Policies/Policy-Nomination-%20&-Remuneration-Policy.pdf

The policy contains, inter-alia, principles governing Directors, KMPs, Senior Management Personnel appointment and remuneration, including criteria for determining qualifications, positive attributes, independence of Directors, etc.

8. MEETINGS OF THE BOARD

During the Financial Year, five meetings of the Board of Directors were held, the details of which are given in the Corporate Governance Report of the Company, which forms part of this Report. The maximum interval between any two meetings did not exceed 120 days as prescribed under the Act.

9. COMMITTEES OF THE BOARD: a. Audit Committee:

During the Financial Year 2024-25, 4 (Four) Audit Committee meetings were held. The composition of the Audit Committee is given in the Corporate Governance Report, forming part of this Annual Report. The Board has accepted all recommendations of the Audit Committee during the year under review.

b. Nomination and Remuneration Committee:

During the Financial Year 2024-25, 2 (Two) Nomination and Remuneration Committee meeting were held. The composition of the

Nomination and Remuneration Committee is given in the Corporate Governance Report, forming part of this Annual Report.

c. Stakeholders Relationship Committee:

During the Financial Year 2024-25, 1 (One) Stakeholders Relationship Committee meeting was held. The composition of the Stakeholders Relationship Committee is given in the Corporate Governance Report, forming part of this Annual Report.

d. Corporate Social Responsibility Committee:

During the Financial Year 2024-25, 2 (Two) Corporate Social Responsibility Committee meetings were held. The composition of the Corporate Social Responsibility Committee is given in the Corporate Governance Report, forming part of this Annual Report.

10. PARTICULARS OF CONTRACTS WITH RELATED PARTIES / RELATED PARTY TRANSACTIONS:

In accordance with the relevant provisions of the Act and Rules framed thereunder and Regulation 23 of the SEBI Listing Regulations, the Company has in place a Related Party Transaction (“RPT”) Policy. All related party transactions (“RPT”) entered into during the Financial Year 2024-25 were in accordance with the Companys RPT Policy and on an arms length basis term of and in the ordinary course of business. All RPTs are placed before the Audit Committee and the Board for their approval.

Further, since the transactions with the related parties were in the ordinary course of business and at arms length pricing, not material in nature and in accordance with the Related Party Transactions Policy, the particulars of such transactions with the related parties are not required to be reported by the Company in Form AOC-2.

RPT Policy as approved by the Board is uploaded on the Companys website and is available at the weblink https://www.birlaprecision.com/documents/investor/ Policies/Policy-Related-Party-Transaction.pdf

11. INTERNAL FINANCIAL CONTROLS AND THEIR ADEQUACY:

The Company has been constantly upgrading its systems which would help in minimising inefficiency and planting a smoothly internally controlled system which would help us in organising and increasing our productivity and overall efficiency.

The Company has an established Internal Financial Control framework including internal controls over financial Reporting, operating controls and anti-fraud framework. The framework is reviewed regularly by the management and presented to the Audit Committee.

Based on the review, the framework is Strengthened and amended to incorporate the continuously evolving practices, from time to time, to ensure adequacy and effectiveness of Internal Financial Controls. The adequacy of the internal control system as well as the internal audit report is reviewed by the audit committee of the Board of Directors. The adequacy of the internal control system has also been reported by the statutory auditors of the Company in their report as required under the Companies (Auditors Report) Order, 2020.

12. AUDITORS REPORT: a) Statutory Auditors & their Report:

The Companys Statutory Auditors, M/s. Valawat & Associates, Chartered Accountants (ICAI Firm Registration No. 003623C) were appointed as Statutory Auditors of the Company for a period of five consecutive years at the 33^rd Annual General Meeting held on December 29, 2020 on a remuneration mutually agreed upon by the Board of Directors and the Statutory Auditors. appointment of the Statutory The first Auditors would end at the conclusion of the ensuing Annual General Meeting.The Report of the Statutory Auditor forming part of the Annual Report, does not contain any qualification, reservation, adverse remark or disclaimer. The observations made in the Auditors Report are self-explanatory and therefore do not call for any further comments.

A proposal for appointment of M/s. T.R.Chadha & Co. LLP, Chartered Accountants as Statutory Auditors of the Company for a period of five consecutive years from the conclusion of the ensuing Annual General Meeting is placed before the meeting for approval of the shareholders.

b) Secretarial Auditor & their Report:

Pursuant to the provisions of Section 204 of the Act and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board had appointed Mr. Vijay Tiwari, Proprietor of Vijay S. Tiwari & Associates, Company Secretary in Practice, to undertake the Secretarial Audit of the Company for the Financial Year ended March 31, 2025.

The Secretarial Audit Report for the Financial Year ended March 31, 2025 is enclosed to this report as “Annexure II”.

A proposal for appointment of M/s. AVS & Associates, Practicing Company Secretaries as the Secretarial Auditors of the Company for a period of five consecutive years from the conclusion of the ensuing Annual General Meeting is placed before the meeting for approval of the shareholders.

c) Internal Auditor:

The Company has appointed, M/s. Samp & Co., Chartered Accountants bearing Firm Registration Number: 023782N, as Internal Auditors of the Company. During the year, the Internal Auditor has areas carried out Company audit on significant affecting the Companys business.

The Audit Committee reviews its findings and recommendations at periodic intervals.

d) Cost Auditor:

The Company is required to maintain cost records for certain products as specified by the Central Government under sub-section (1) of Section 148 of the Act, and accordingly such accounts and records are prepared and maintained in the prescribed manner.

Further, the Company has received Cost Audit Report on the cost accounts of the Company for the Financial Year ended on March 31, 2025 from Mr. Jayant Galande, Cost Accountants (Membership No: 5255) and the same shall be filed with the Registrar of Companies

During the Financial Year 2024-25, no fraud was reported by the Cost Auditor of the Company in their Report.

The Board of Directors of the Company, based on the past experience and on recommendation of the Audit Committee, have appointed Mr. Jayant Galande, Cost Accountants, (Membership No: 5255) as Cost Auditors for conducting the audit of Cost Records maintained by the Company for the Financial Year 2025-26 on a remuneration of INR 0.75 Lakhs, subject to ratification by the Members at the ensuing Annual General Meeting.

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

In accordance with the provisions of Section 134 of the Act, read with the Companies (Accounts) Rules, 2014, required information relating to the conservation of energy, technology absorption and foreign exchange earnings and outgo is given in the “Annexure -III” to the Boards Report.

14. CORPORATE GOVERNANCE

Your Company is committed to maintain the highest standards of ethics and governance, resulting in enhanced transparency for the benefit of all stakeholders. The Report on Corporate Governance as stipulated under Regulation 27 of the SEBI Listing Regulations forms part of Corporate Governance Report.

The Company is in full compliance with the requirements and disclosures made in this regard.

The requisite Certificate from M/s. Vijay Tiwari & Associates, Company Secretaries in Practice, confirming compliance of the Corporate Governance requirements is annexed to the Corporate Governance Report, forming part of this Boards Report.

15. CORPORATE SOCIAL RESPONSIBILITY (CSR):

The Companys guiding principle for CSR is to build its relationship with stakeholders and the community at large, and to contribute to their long term social good and welfare. Your Company, as a matter of duty, has been carrying out the CSR activities since long even when there were no statutory requirements in this regard. In compliance of Section 135 of the Act, your Company has constituted a Corporate Social Responsibility (CSR) Committee. The Corporate Social Responsibility (‘CSR) Committee of the Board is responsible for evaluation and implementation of CSR Projects. Salient features of the CSR Policy are as follows:

It lays down CSR Philosophy, Vision and Commitment of the Company.

It specifies guidelines for implementation of CSR Projects through CSR Partners including eligibility criteria for CSR Partners.

• It also lays down roles and responsibilities of the CSR Committee.

The initiatives undertaken by the Company during the Financial Year 2024-25 are annexed as “Annexure · IV” to this Report in the format prescribed in the Companies (Corporate Social Responsibility Policy), Rules, 2014

The Company has committed to allocate the unspent amount towards an ongoing project as and when necessary.

During the year under review, no change was made in the CSR Policy. This Policy is disclosed on the Companys website at https://www.birlaprecision. com/documents/investor/Policies/Policy-Corporate-Social-Responsibility.pdf

16. VIGIL MECHANISM /WHISTLE BLOWER POLICY:

Your Company has in place a vigil mechanism for Directors and employees to reportor material ordersconcerns about unethical behaviour, actual or suspected fraud or violation of your Companys Code of Conduct. Under the vigil mechanism of the Company, which also incorporates a Whistle Blower Policy in terms of Regulation 22 of the SEBI Listing Regulations, protected disclosures can be made by a whistle blower through an e-mail, or dedicated telephone line or a letter to the Chairman of the Audit Committee. Adequate safeguards are provided against victimisation to those who avail of the vigil mechanism.

The Whistle Blower Policy is available on the Companys website at the weblink: https://www.birlaprecision. com/documents/investor/Policies/Whistleblower%20 Policy.pdf

17. PREVENTION OF SEXUAL HARASSMENT AT WORKPLACE:

As required under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and Rules framed thereunder, the Company has implemented a policy on prevention, prohibition and redressal of sexual harassment at workplace. This has been widely communicated internally. Your Company has constituted ‘Internal Complaints Committee to redress complaints relating to sexual harassment at its workplaces.

During the Financial Year 2024-25, the Company did not receive any complaints pertaining to sexual harassment. Accordingly, no cases were required to be resolved, and there were no matters pending for a period exceeding 90 days.

18. COMPLIANCE WITH MATERNITY BENEFIT ACT, 1961

The Company confirms that it has duly complied with all applicable provisions of the Maternity Benefit Act, 1961, which governs the employment conditions and rights of women employees during the period of maternity. The Company ensures that eligible women employees are granted maternity benefits, including paid leave, protection of employment, and other entitlements as prescribed under the Act. The necessary policies and procedures have been implemented and communicated within the organisation to safeguard the welfare and rights of women employees in accordance with the said legislation.

19. SIGNIFICANT AND MATERIAL ORDERS PASSED BY REGULATORS OR COURTS:

There are no significant by any Regulators / Courts which would impact the going concern status of the Company and its future operations.

20. ANNUAL RETURN:

The Annual Return of the Company as of March 31, 2025, in Form MGT - 7 in accordance with Section 92(3) of the Act, read with the Companies (Management and Administration) Rules, 2014, is available on the website of the Company at https://www.birlaprecision.com/ investor-section-financial-result.php By virtue of an amendment to Section 92(3) of the Act, the Company is not required to provide an extract of the Annual Return (form MGT- 9) as part of the Boards Report.

21. PARTICULARS OF EMPLOYEES:

Disclosures with respect to the remuneration of Directors and employees as required under Section 197 of the Act read with Rule 5(1) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are annexed as “Annexure ·V” to this Report.

22. COMPLIANCE OF ACCOUNTING STANDARDS:

As per requirements of the SEBI Listing Regulations and applicable Accounting Standards, your Company has made proper disclosures in the Financial Statements. The applicable Accounting Standards have been duly adopted pursuant to the provisions of Sections 129 and 133 of the Act.

23. COMPLIANCE OF SECRETARIAL STANDARDS:

The Company has complied with the Secretarial Standards (SS-1 and SS-2), issued by the Institute of Company Secretaries of India and forming part of the Act, on meetings of the Board of Directors and General Meetings.

24. DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to Section 134 of the Act, as amended, the Directors confirm a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures; b) the directors 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 at the end of the Financial Year and of the profit and loss of the Company for that period; c) the directors 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) the directors had prepared the annual accounts on a going concern basis; e) the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

25. REPORTING OF FRAUDS BY AUDITORS:

During the year under review, neither the statutory auditors nor the secretarial auditors reported to the Audit Committee, of any instances of fraud committed in the Company by its officers or employees, as required under Section 143(12) of the Act.

26. MATERIAL CHANGES AFFECTING THE FINANCIAL POSITION OF THE COMPANY:

No material changes and commitments have occurred in the normal course of business after the close of the year till the date of this Report, which may affect the financial position of the Company.

27. CHANGE IN THE NATURE OF COMPANYS BUSINESS:

There has been no change in the nature of business of the Company.

28. STATEMENT FOR DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY U/S 134 OF THE COMPANIES ACT, 2013 :

As per provisions of the Companies Act, 2013 and as part of good Corporate Governance, the Company has laid down the procedures to inform to the Board about the risk assessment and minimisation procedures and the Board shall be responsible for framing, implementing and monitoring the risk management plans for the Company. The main objective is to ensure sustainable business growth with stability and to promote a pro-active approach in reporting, evaluating and resolving risks associated with the business. The Audit Committee of the Company has periodically reviewed the various risk associates with business of the Company. Such review includes risk identification, evaluation and mitigation of the risk.

29. ACKNOWLEDGEMENT:

Your Directors would like to express their sincere appreciation for the assistance and co-operation received from various stakeholders including financial institutions and banks, Government authorities and other business associates who have extended their valuable support and encouragement during the year under review.

Your Directors take this opportunity to place on record their appreciation for the committed services rendered by the employees of the Company at all levels, who have contributed significantly towards the Companys performance and for enhancing its inherent strength. Your Directors also acknowledge with gratitude the encouragement and support extended by our valued shareholders.

30. MISCELLANEOUS:

There is no proceeding pending under the Insolvency and Bankruptcy Code, 2016;

There was no instance of onetime settlement with any Bank or Financial Institution

	For and on behalf of the Board of Directors
	Vedant Birla
Place: Mumbai	Chairman & Executive Director
Date: August 3, 2025	(DIN: 03327691)