Bothra Metals & Alloys Ltd Directors Report

Dear Members,

Your Directors have pleasure in presenting the 25th Annual Report together with the Audited Financial Statements of your Company for the financial year ended March 31, 2026.

FINANCIAL HIGHLIGHTS

The Companys financial performance for the financial year ended 31st March 2026 is summarised

(In Lakhs)

Particulars	Year Ended Audited 31/03/2026	Year Ended Audited 31/03/2025
Revenue from Operations	2744.16	2583.50
Other Income	8.01	7.24
Total Revenue	2752.17	2590.75
Cost of Material Consumed	2562.59	2385.98
Purchase of traded goods	00	00
Change in Inventories of finished goods, traded goods and WIP	00	00
Employee Benefit Expense	27.36	25.30
Financial Cost	60.57	67.68
Depreciation and Amortization	22.74	21.77
Other Operating Expense	48.85	44.31
Total Expenses	2722.12	2545.04
Profit Before Exceptional and Extraordinary Items and Tax	30.05	45.71
Exceptional Items	00	00
Profit Before Extraordinary Items and Tax	30.05	45.71
Extraordinary Items
Profit Before Tax	30.05	45.71
Add: Mat Credit Entitlement	00	00
Particulars	Year Ended Audited 31/03/2026	Year Ended Audited 31/03/2025
Tax Expense
(a) Current Tax	00	7.00
(b) Deferred Tax	2.75	2.99
Profit / Loss from the Period from Continuing Operations	27.30	35.71
Discounting Operations
Profit/ Loss from Discontinuing Operations	00	00
Profit / Loss for the Period	27.30	35.71
Earnings Per Share (Rs. in full figure)
Basic	0.15	0.19
Diluted	0.15	0.19

1. OVERVIEW AND STATE OF THE COMPANYS AFFAIRS

During FY 2025-26, the Company demonstrated resilient revenue growth, with Revenue from Operations increasing by 6.22% to ^2,744.16 Lakhs, compared with ^2,583.50 Lakhs in FY 2024-25. Total Revenue similarly increased by 6.23% to ^2,752.17 Lakhs. Overall, the Company delivered healthy top-line growth while continuing to focus on cost discipline, financial efficiency and strengthening its operational foundation for sustainable growth.

Financial Performance

• Revenue Growth: Revenue from Operations increased by 6.22% to ^2,744.16 Lakhs, compared with ^2,583.50 Lakhs in FY 2024- 25, reflecting resilient demand across the Companys core aluminium trading operations.

• Effective Cost Management: Finance Costs declined by 10.51% to ^60.57 Lakhs, supported by disciplined financial management and proactive working capital measures.

• Operational Resilience: Despite volatility in global aluminium prices and changing commodity market conditions, the Company maintained a focused approach to cost optimisation and operational efficiency.

• Strong Platform for Future Growth: With improving revenues, tighter financial discipline and strengthened sourcing capabilities, the Company remains well- positioned to pursue its growth strategy and capitalise on emerging opportunities in the aluminium value chain.

2. DIVIDEND

After due consideration of the Companys financial position and in alignment with its strategic objectives for expansion and long- term growth, the Board of Directors has deemed it appropriate to conserve resources at this stage. Accordingly, the Board has decided not to recommend any dividend for the financial year 2025-26.

3. FUTURE PROSPECTUS

The outlook for Bothra Metals and Alloys Limited remains encouraging, supported by the continued expansion of Indias aluminium industry and growing demand from infrastructure, construction, renewable energy, electric mobility, power transmission and advanced manufacturing. The increasing preference for lightweight, durable and recyclable materials is expected to create sustained opportunities across the aluminium value chain.

The Company intends to build on its established capabilities in aluminium scrap trading and extrusion-related activities, with a strategic focus on expanding its sourcing network, increasing trading volumes and strengthening its presence across domestic and international markets. The Companys asset-light B2B procurement and distribution model will enable it to reconnect with downstream markets while maintaining flexibility and prudent capital deployment. Going forward, the Company will focus on strengthening customer and supplier relationships, expanding its market reach, improving operational efficiency and leveraging emerging opportunities in secondary aluminium. The Company also remains committed to exploring opportunities for the phased re-establishment of its extrusion operations, supported by evolving market demand and favourable industry fundamentals.

With its industry experience, established business relationships, disciplined financial approach and strategic focus on sustainable growth, the Company is positioned to pursue profitable expansion and long-term value creation while remaining responsive to changing market conditions.

4.HEALTH, SAFETY & ENVIRONMENT

At Bothra Metals and Alloys Limited, we strongly believe that the Companys progress is closely linked with its responsibility towards environmental sustainability, safeguarding the health and safety of its workforce, and fulfilling its social obligations. As part of this Annual Report for FY 2025-26, we are pleased to present our continued initiatives and achievements in these key areas.

Environmental Stewardship

Environmental protection forms an integral part of our business philosophy. The Company remains committed to reducing its ecological footprint and adopting sustainable practices across its operations to ensure long-term environmental balance.

Health and Safety

The well-being of our employees, contractors, and surrounding communities continues to be of utmost importance. We are dedicated to maintaining a safe and healthy workplace through strict adherence to safety protocols, preventive measures, and continuous monitoring.

Social Responsibility

Our responsibility extends beyond business operations to the communities we serve. The Company actively participates in community development initiatives, contributing towards social welfare and regional growth, while striving to create a lasting positive impact.

We acknowledge that environmental sustainability, health, safety, and social responsibility are part of an ongoing journey. The Company is committed to strengthening its performance in these areas by integrating sustainable practices into business strategies, fostering a strong culture of workplace safety, and addressing the needs of the communities around us. Through these efforts, Bothra Metals and Alloys Limited aims to generate long-term value for all stakeholders.

5.INDUSTRY OUTLOOK

The fiscal year 2025-26 has been a period of remarkable dynamism for the global metals industry, particularly within the aluminium sector. Bothra Metals and Alloys Limited is strategically positioned to navigate these trends by leveraging our robust manufacturing capabilities and extensive trading network. The following outlook provides a detailed perspective on the domestic and international markets.

Domestic Market Outlook

The aluminium industry continued to demonstrate strong growth momentum during FY 2025-26, supported by infrastructure development, urbanization, electrification, renewable energy, electric mobility and expanding manufacturing activity. Indias total aluminium consumption reached approximately 4.62 million tonnes during April-December 2025, registering a 13.4% year-on-year increase, while domestic primary aluminium consumption rose by approximately 9.8% during the same period.

Infrastructure and Construction Boom

Indias rapid urbanisation and infrastructure investments continue to drive aluminium demand. Its lightweight, durable and corrosion-resistant properties make it increasingly important in buildings, transport and large-scale infrastructure projects.

Energy Transition & Electrification

The expansion of renewable energy, power transmission networks and electric mobility is creating new avenues for aluminium consumption. Its high conductivity-to-weight ratio makes it particularly valuable for transmission lines, EV components and renewable energy infrastructure.

Manufacturing & Emerging Applications

Growing domestic manufacturing, automotive production and technology-led industries are broadening aluminiums applications. Rising demand from aerospace, electronics, packaging and advanced manufacturing is expected to support sustained market growth.

Secondary Aluminium and Recycling

A notable trend in the domestic market is the increasing emphasis on a circular economy. The production of secondary aluminium from scrap requires approximately 95% less energy than primary production, aligning with Indias commitment to reducing carbon emissions. Our business model, which includes the import and trading of aluminium scrap, positions us as a key participant in this sustainable ecosystem, ensuring a steady supply of raw materials and enhancing resource efficiency.

International Market Outlook

The international metals market, while facing its own set of challenges, presents both opportunities and evolving dynamics that we are well-prepared to address. The global aluminium market is projected for steady growth, driven by key sectors and an increasing focus on sustainability.

Structural Demand & Global Trade

TGIobal aluminium consumption is being driven by transportation, construction, packaging, power infrastructure and renewable energy. Demand from emerging economies continues to expand, while developed markets are increasingly focused on lightweight and energy-efficient materials. Changing trade patterns and efforts to diversify sourcing are creating opportunities for reliable suppliers across international markets. Indias growing production capabilities and strategic location position it favorably within these evolving global trade flows.

Decarbonisation & Low-Carbon Aluminium

Sustainability is becoming an increasingly important factor in global aluminium procurement. Customers and regulators are placing greater emphasis on reducing the carbon footprint of aluminium across its lifecycle. This is accelerating the adoption of renewable energy, energy-efficient production, recycling and low-carbon technologies, while creating a growing market for responsibly produced aluminium.

Strategic Supply & Market Resilience

Global aluminium markets continue to be influenced by geopolitical developments, energy costs, tariffs and changes in international trade policies. These factors are encouraging manufacturers and buyers to build more diversified and resilient supply chains. For trading businesses, this creates opportunities to connect reliable sources with markets seeking greater flexibility, consistency and security of supply.

6. INTERNAL CONTROL SYSTEM AND ADEQUACY

The Company has implemented a comprehensive internal control framework covering its key operational, financial and functional activities. These controls are designed to promote operational efficiency, safeguard assets, ensure the accuracy and reliability of financial reporting, and support compliance with applicable laws, regulations and internal policies.

The effectiveness of these controls is periodically assessed through internal and external audits, supported by reviews conducted by the Companys in-house teams. These processes help identify control gaps, strengthen existing systems and facilitate continuous improvement in line with evolving business requirements and industry practices.

The Board of Directors, through the Audit Committee, oversees the adequacy and effectiveness of the Companys internal control framework. The Audit Committee regularly reviews audit findings, internal processes and control mechanisms, thereby supporting transparency, accountability and sound corporate governance.

7.CONVERSATION OF ENERGY,

TECHNOLOGY, ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO.

As required under provisions of Section 134 of the Companies Act, 2013 and read with Rule 8(3) of Companies (Accounts) Rules, 2014 details relating to conservations of Energy, and Foreign Exchange Earnings and Outgo are given below:

Kala-amb (Himachal Pradesh)

Power and Fuel Consumption

Conservation Of Energy	2024-25	2025-26
a) Electricity Purchased	Nil	Nil
Quantity (In Units)	Nil	Nil
Total Amount in (In Lakhs)	Nil	Nil
Rate/Unit ()	Nil	Nil
b) Furnace Oil & Other Fuel	Nil	Nil
Quantity (In Ltr.)	Nil	Nil
Total Amount (In Lakhs)	Nil	Nil
Rate/ Litre ()	Nil	Nil

#The plant is not in production

Consumption Per Unit of Production

Paticulars	2024-25	2025-26
a) Electricity Purchased	Nil	Nil
Total Amount (In Lakhs)	Nil	Nil
Production at Kala-Amb (In Kgs.)	Nil	Nil
Rate/Kgs	Nil	Nil
B) Furnace Oil & Other Fuel	Nil	Nil
Total Amount (In Lakhs)	Nil	Nil
Production at Kala-Amb (In Kgs)	Nil	Nil
Rate/kgs()	Nil	Nil

# The plant is not in production Sangli (Maharashtra)

Power and Fuel Consumption

Conservation Of Energy	2024-25	2025-26
Electricity Purchased (In Units)	Nil	Nil
Total Amount In (In Lakhs)	Nil	Nil
Rate/Unit()	Nil	Nil
B) Furnace Oil & Other Fuel	Nil	Nil
Quantity (In Ltr)	Nil	Nil
Total Amount (In lakhs)	Nil	Nil
Rate/Liter ()	Nil	Nil

# The plant is not in production

Consumption Per Unit of Production

Paticulars	2024-25	2025-26
Electricity Purchased (In Units)	Nil	Nil
Total Amount (In Lakhs)	Nil	Nil
Production at Sangli (In Kgs)	Nil	Nil
Rate/Kgs()	Nil	Nil
B) Furnace Oil & Other Fuel	Nil	Nil
Total Amount (In Lakhs)	Nil	Nil
Production at Sangli (In Kgs)	Nil	Nil
Rate/Kgs ()	Nil	Nil

8. TECHNOLOGY ABSORPTION, RESEARCH & DEVELOPMENT

As required under provisions of Section 134 of the Companies Act, 2013 and read with Rule 8(3) of Companies (Accounts) Rules, 2014 details relating to conservations of Energy, and Foreign Exchange Earnings and Outgo are given below:

9. FOREIGN EXCHANGE INFLOW & OUTFLOW

For the Fiscal Year 2025-26 the flow of forex transaction is as follow:

Paticulars	2024-25	2025-26
Foreign Exchange Inflows	INR 8,19,258	INR 19,48,252.01
Foreign Exchange Outflows	1 NR 14,70,29,642	INR 7,77,96,839.38
(Actual Paid)	INR 14,62,10,384	INR 7,58,48,587.37

10.SHARE CAPITAL

As of 31st March 2026, the Paid-Up Equity Share Capital stood at Rs. 18.52 Crores. Throughout the year under review, the company did not issue any shares with differential voting rights, nor did it grant stock options or sweat equity shares.

11. STEPS IN MANUFACTURING AND PROCUREMENT

At Bothra Metals and Alloys Limited, we remain committed to improving operational efficiency and identifying new opportunities for sustainable business growth. The practices outlined below reflect the approach we have followed in our operations and intend to continue implementing once our manufacturing activities resume.

In manufacturing, our focus has been on leveraging advanced technologies and adopting best practices to optimize processes. These practices are intended to enhance productivity, minimize waste, and ensure that our products meet the highest quality standards. As we resume manufacturing operations, we will continue to focus on improving operational efficiency, maximizing output, and maintaining our commitment to excellence.

In procurement, we recognize that an efficient and reliable supply chain is critical to our success. We have worked closely with suppliers to establish strong partnerships and ensure a consistent and dependable supply of raw materials. Going forward, these practices will continue to guide our procurement processes, helping us strengthen supplier relationships, manage our supply chain effectively, and support our manufacturing operations.

12.MAJOR EXPANSION PLAN

As part of its long-term growth roadmap, the Company is pursuing a strategy aimed at strengthening its core trading operations while expanding its presence across the aluminium and allied metals value chain. The strategy is designed to create near- term revenue opportunities while building a scalable platform for sustainable long-term growth.

The Company is expanding its international sourcing and trading of high-grade aluminium scrap. By increasing its import footprint and trading volumes, the Company seeks to capitalise on growing domestic demand for secondary aluminium feedstock, while enhancing supply-chain efficiency and generating consistent operating cash flows.

In parallel, the Company is developing an asset-light B2B procurement and distribution model focused on serving diverse end-use segments. This approach is intended to enable the Company to efficiently connect established supplier relationships with growing customer demand across key markets.

By leveraging existing market relationships, customer networks and sector knowledge, the Company aims to strengthen its market presence, develop a healthy order pipeline and create recurring business opportunities.

Over the longer term, the Company intends to leverage the experience, market relationships and sector knowledge developed through its trading, procurement and distribution activities to expand its presence across the broader metals value chain. This approach provides flexibility to respond to market conditions while allowing the Company to scale operations in a disciplined and capital- efficient manner.

Together, these initiatives are intended to establish a resilient and diversified business model, combining trading-led cash flows with opportunities for value creation across sourcing, procurement and distribution.

13. AUDIT COMMITTEE

The Audit Committee of the Board of Directors is an integral part of our corporate governance framework. Chaired by Mrs. Lubdha Porwal, the committee includes Mr. Sunderlal Bothra and Mr. Aditya Sukharam Saran as members. The Company Secretary serves as the secretary, ensuring all proceedings are meticulously documented. To provide expert insights, the Statutory Auditor, Cost Auditor, and Chief Financial Officer are permanent invitees to all meetings.

A key function of the Committee is to maintain transparency and integrity in the companys financial dealings by reviewing all related party transactions. Furthermore, the Committee is responsible for monitoring and reviewing our risk management framework. This includes identifying, reviewing, and mitigating all elements of risk to which the company may be exposed. This year, the Board accepted all recommendations put forth by the Audit Committee, a testament to its diligence and the Boards trust.

14. NOM I NATION AND REMUNERATION COMMITTEE

A Nomination and Remuneration Committee, a key body in our corporate governance, has been constituted. It is chaired by Mr. Aditya Sukharam Saran, with Mr. Sunderlal Bothra and Mrs. Lubdha Porwal serving as members. The Company Secretary acts as the Committees dedicated secretary. To ensure maximum efficiency and compliance, the company has delegated the responsibility for all share transfer and other routine share maintenance to the Company Secretary and our official Registrar and Share Transfer Agent, MUFG Intime India Private Limited (formerly Link Intime India Private Limited).AII requests for dematerialization, rematerialization, and transfers are completed promptly within 10 days of receiving valid documentation. The minutes of all committee meetings are promptly circulated to all Directors and formally discussed during the next Board Meeting.

15. VIGIL MECHANISM/WHISTLE BLOWER POLICY

In compliance with provisions of Section 177(9) of the Companies Act, 2013 and Clause 49 of the Listing Agreement, the Company has framed a Whistle Blower Policy/Vigil Mechanism to report concerns about the Companys working or any violation of its policies

16. BOARD EVALUATION

In accordance with the provisions of the Companies Act, 2013, and Clause 49 of the Listing Agreement, the Board of Directors hereby confirms that in the preparation of the annual accounts for the financial year ended March 31, 2026, all applicable accounting standards have been diligently followed. We have selected and consistently applied appropriate accounting policies, making judgments and estimates that are both reasonable and prudent to ensure the financial statements present a true and fair view of the companys state of affairs and its profit or loss for the period. We have also exercised proper and sufficient care in maintaining adequate accounting records to safeguard the assets of the company and to prevent and detect any instances of fraud or other irregularities. This commitment to robust record-keeping is a fundamental pillar of our governance. Furthermore, the annual accounts have been prepared on a going- concern basis, and the internal financial controls laid down by the Directors have been strictly followed by the company. These controls are comprehensive, adequate, and have been operating effectively throughout the year. A proper system to ensure compliance with the provision of all applicable laws was also in place and was deemed to be adequate and operating effectively. The Board has also carried out a comprehensive annual performance evaluation of its own performance, as well as an evaluation of the individual directors and the effective functioning of its Audit, and Nomination and Remuneration Committees.

17. RISK MANAGEMENT

Risk management is a systematic and proactive process of identifying, assessing, and prioritizing risks, followed by coordinated efforts to minimize, monitor, and mitigate the probability or impact of unfortunate events. Concurrently, it seeks to maximize the realization of strategic opportunities. The company has established a comprehensive Risk Assessment and Minimization Procedure, which is subject to regular and thorough review by the Audit Committee and formal approval by the Board to ensure it remains robust and relevant. This rigorous framework empowers our executive management to effectively control risks through a well-defined process, thereby safeguarding the companys financial stability and operational continuity.

18. EXTRACTS OF ANNUAL REPORT

The required details of the annual return, as stipulated by Section 92 of the Companies Act, 2013, have been extracted and are included in Form MGT-9. This document is attached as Annexure "A" and is a part of the Board Report.

19. DECLARATION BY INDEPENDENT DIRECTOR

Mr. Aditya Sukharam Saran and Mrs. Lubdha Porwal serve as Independent Directors on the Board. The company has received declarations from them, confirming they meet the independence criteria outlined in the Companies Act, 2013, and Clause 49 of the Listing Agreement.

20.SECRETARIAL AUDITORS

Pursuant to Section 204 of the Companies Act, 2013, and the relevant rules, we appointed M/s Vinesh K Shah & Associates, practicing Company Secretaries, to conduct a secretarial audit of our company. The Secretarial Audit Report for the fiscal year ended March 31, 2026, is attached to this document.

21.DIRECTORS RESPONSIBILITY STATEMENT

In compliance with Section 134(3)(c) of the Companies Act, 2013, the Directors affirm that, to the best of their knowledge and belief, the annual accounts for the financial year ending March 31, 2026, have been prepared in accordance with the applicable accounting standards. We confirm that we have selected and consistently applied appropriate accounting policies, and have made reasonable and prudent judgments and estimates to ensure the financial statements provide a true and fair view of the companys state of affairs, as well as its profit and loss for the period.

Proper and sufficient care has been taken to maintain adequate accounting records, in line with the provisions of the Companies Act, 2013. This meticulous record-keeping is crucial for safeguarding the companys assets and for preventing and detecting any instances of fraud or other irregularities. The annual accounts have been prepared with the fundamental assumption of a going- concern basis.

Furthermore, the internal financial controls established by the Directors have been fully implemented by the company and are deemed adequate and operating effectively. We also have a robust system in place to ensure compliance with all applicable laws, and we confirm that this system is both sufficient and operating effectively.

22. WEBSITE

The Company is maintaining its functional website and the website contains basic as well as investors related information. The link of website is

https://www.bothrametals.com/.

23. REPORTING OF FRAUD

The Auditors of the Company have not reported any fraud as specified under Section 143 (12) of the Companies Act, 2013.

24. MATERNITY BENEFIT PROVIDED BY THE COMPANY UNDER MATERNITY BENEFIT ACT 1961

The Company declares that it has duly complied with the provisions of the Maternity Benefit Act, 1961. All eligible women employees have been extended the statutory benefits prescribed under the Act, including paid maternity leave, continuity of salary and service during the leave period, and post maternity support such as nursing breaks and flexible return-to-work options, as applicable. The Company remains committed to fostering an inclusive and supportive work environment that upholds the rights and welfare of its women employees in accordance with applicable laws.

25. CORPORATE SOCIAL RESPONSIBILITY

The provisions relating to Corporate Social Responsibility (CSRj under Section 135 of the Companies Act, 2013 read with the Companies (CSR Policy) Rules, 2014 are not applicable to the Company. Accordingly, the Company is not required to formulate a CSR Policy or undertake CSR activities during the year under review.

26. DETAILS OF APPLICATION MADE OR

PROCEEDING PENDING UNDER

INSOLVENCY AND BANKRUPTACY CODE 2016

During the financial year under review, there were no application/s made or proceeding were pending in the name of the company under the Insolvency and Bankruptcy Code, 2016.

27. DEPOSITS

The Company has not accepted/ renewed any deposits for the year ended 31st March, 2026.

28. AUDIT TRAIL APPLICABILITY (AUDIT AND AUDITORS) RULES 2014 - RULE 11 OF THE COMPANIES ACT 2013

The Company has used accounting software for maintaining its books of account for the financial year ended March 31, 2026 which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the softwares and the audit trail feature has not been tampered with and the audit trail has been preserved by the company as per the statutory requirements for record retention.

29. VIGIL MECHANISM/WHISTLE BLOWER POLICY

In order to ensure that the activities of the Company and its employees are conducted in a fair and transparent manner by adoption of highest standard of professionalism, honesty, integrity and ethical behavior, the Company has adopted a vigil mechanism policy. The mechanism of whistle blower policy is in place.

30.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 there has been no such significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and companys operations in future.

31.CORPORATE GOVERNANCE

As a good corporate governance practice the Company has generally complied with the corporate governance requirements. Our disclosures seek to attain the best practices in corporate governance. We also endeavor to enhance long-term shareholder value and respect minority rights in all our business decisions.

As our company has been listed on EMERGE Platform (SME) of NSE Limited, therefore by virtue of Regulation 15 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 the compliance with the corporate Governance provisions as specified in regulation 17 to 27 and Clause (b) to (i) of sub regulation (2) of Regulation 46 and Para C D and E of schedule V are not applicable to the company. Hence, corporate governance report does not form a part of this Board Report, though we are committed towards best corporate governance practices.

32. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

In terms of the provisions of Regulation 34 and schedule V of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 the Managements discussion and analysis report is referenced in as following:

Company Overview: Pg no. 5 & 6 Financial Performance: Pg no. 33 & 34 Internal Control System and their Adequacy: Pg no. 43 Financial Performance Analysis: Pg no. 33 & 34

Earning Per Equity Share: Pg no. Ill Dividend & Reserves: Pg no. 35

33. MAINTENANCE OF COST RECORDS

Maintenance of cost record as specified by the Central Government under sub-section (1) of Section 148 of the Companies Act, 2013, is not applicable to the company as its products fall under table B of ICMAI regulation. Also, the previous year turnover is less than 100 crores and sales proceeds from manufacturing of one single product is less than 35 crores.

34.INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has adequate and efficient internal and external control system, which provides protection to all its assets against loss from unauthorized use and ensures correct reporting of transactions.

The internal control systems are further supplemented by internal audits carried out by the respective Internal Auditors of the Company and Periodical review by the management. The Company has put in place proper controls, which are reviewed at regular intervals to ensure that transactions are properly authorized, correctly reported and assets are safeguarded.

35.RELATED PARTY TRANSACTIONS

The particulars of every contract or arrangements entered into by the Company with related parties referred to in sub-section (1) of section 188 of the Companies Act, 2013 are disclosed in Notes to Accounts.

36..LOANS, GUARANTEES AND

INVESTMENTS

During the year the details of loan given and Investment made by company are as under:

(In Lakhs)

Name of Company	Nature of Transaction	Amount as on 31st March 2026
Kotak Mahindra Prime Limited	Car Loan	41.61

37. ACKNOWLEDGEMENT

Your Directors would like to express their profound appreciation for the encouragement, assistance, and cooperation received from our members, government authorities, banks, and customers. We are deeply grateful for the trust placed in the management and extend our sincere thanks to all employees for their valuable commitment and contributions.

For Bothra Metals & Alloys Ltd.

sd/-

Sunderlal Bothra

Managing Director

DIN:00737982

For Bothra Metals & Alloys Ltd.

sd/-

Kishanlal Bothra

Director

DIN:00738027

Place: Mumbai

Date: 7th September 2026