Brace Port Logistics Ltd Directors Report

<dhhead-BOARDS REPORT</dhhead-

To,

The Members of

BRACE PORT LOGISTICS LIMITED

(Formerly known as BRACE PORT LOGISTICS PRIVATE LIMITED)

Your directors take pleasure in presenting their 05^th Annual Report on the business and operations of the Company together with the Audited Financial Statement of Statements for March 31, 2025.

1. FINANCIAL SUMMARY OR HIGHLIGHTS/PERFORMANCE OF THE COMPANY FINANCIAL RESULTS:

The financial performance of your company for the Financial Year ended on March 31, 2025 is given below:

The brief financial results are as under	Standalone		Consolidated
	FY 2024-25	FY 2023-24	FY 2024-25	FY 2023-24
Net Sales/lncome from Business Operations	8558.20	5500.43	8558.20	5500.43
Add-Other Income	93.65	24.16	93.65	24.16
Total Income	8651.85	5524.59	8651.85	5524.59
Less: Expenses	7725.93	4844.61	7733.46	4844.61
Profit before tax	925.92	679.98	918.39	679.98
Less: Current Income Tax	241.77	177.66	241.77	177.66
Less: Deferred Tax expense/(income)	(1.96)	(0.24)	(1.96)	(0.24)
Profit for the Period	686.11	502.56	678.58	502.56
Total Other Comprehensive income/ loss for the year	0.71	(0.64)	0.78	(0.64)
Total Comprehensive income/ loss for the year	686.82	501.92	679.36	501.92
Earnings per share (Basic) in Rs	6.81	6.09	6.74	6.09
Earnings per Share (Diluted) in Rs.	6.81	6.09	6.74	6.09

PERFORMANCE OF THE COMPANY:

The Companys performance, on a consolidated basis, as compared to previous Financial Year is as under:

During the year under review, the Company has a Net profit of Rs. 678.58 (In Lacs) against a profit of Rs. 502.56 (In Lacs) during the previous Financial Year. The revenue from operations of the Company has increased to Rs. 8558.20 (In Lacs) as compared to Rs. 5500.43 (In Lacs) in the previous Financial Year. Consequently, earning per share has increased to Rs. 6.74 compared to Earnings per share of Rs. 6.09 for the previous Financial Year.

The Companys performance, on a standalone basis, as compared to previous Financial Year is as under:

During the year under review, Company has a Net profit of Rs. 686.11 (In Lacs) against a profit of Rs. 502.56 (In Lacs) during the previous Financial Year. The revenue from operations of the Company has increased to Rs. 8558.20 (In Lacs) as compared to Rs 5500.43 (In Lacs) in the previous Financial Year.

Consequently, earning per share has increased to Rs. 6.81 compared to Earnings per share of Rs. 6.09 for the previous Financial Year.

Your directors are hopeful for the bright future of the Company in the years to come.

2. TRANSFER TO RESERVES

During the financial year, there was no amount proposed to be transferred to the General Reserves.

3. BRIEF DESCRIPTION OF THE COMPANYS AFFAIR & FUTURE OUTLOOK

Brace Port Logistics Limited is a company that specializes in providing ocean cargo logistics services to clients across various sectors of the economy. The company also provides services such as Air Freight, Warehousing facilities, special cargo services such as handling cargo in foreign countries and delivery of the same in other foreign countries and customs clearance services. The company has a strong network that serves customers in various industries including medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables, and automotive, both in India and globally.

During the year under review, the Company made its Initial Public Offer (‘the Offer) via Fresh Issue of equity shares comprising of 30,51,200 Equity Shares of face value Rs. 10/- each at a price of Rs. 80 (including a share premium of Rs. 70), aggregating to Rs 244096000/- (Rs. Twenty-Four Crores Forty Lacs Ninety-Six Thousand Only). The Company completed its IPO successfully with participation of several leading domestic and global institutional investors as well as NRIs, HNIs and retail Investors.

The equity shares of the Company were listed on National Stock Exchange Emerge Platform ("NSE Emerge") on August 26, 2024.

In order to embark its global footprint Company has incorporated a Wholly Owned Subsidiary on 09^th December, 2024 in UAE with the name and Style of Braceport Logistics LLC-FZ in UAE.

4. CHANCE IN THE NATURE OF BUSINESS, IF ANY

During the year under review, there were no changes in the nature of Business of the Company.

5. MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY WHICH HAVE OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR OF THE COMPANY TO WHICH THE FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT

There have been no material changes and commitments, affecting the financial position of the Company which has occurred between the end of the financial year of the Company to which the financial statements relate and date of this Report.

6. SHARE CAPITAL

During the year under review, the Company has allotted through the Initial Public Offer (IPO) 30,51,200 equity shares having face value of INR 10/- each at an issue price of INR 80 per equity share. The Company has not issued any equity shares with differential voting rights or any sweat equity shares.

7. DETAILS OF DIRECTORS AND KEY MANAGERIAL PERSONNEL APPOINTED AND RESIGNED DURING THE YEAR:

During the period under review, there has been no change in composition of the Board of Directors and Key Managerial Personnel of the Company during the year.

8. COMMITTEES OF THE BOARD

The Company has several committees, which have been established as part of best corporate governance practices and comply with the requirements of the relevant provisions of applicable laws and statutes.

As on March 31, 2025, Company has 04 (Four) Committees namely Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee and Corporate Social Responsibility Committee.

The details of the composition of the Board and its Committees are placed on the Companys website at www.braceoort-loqistics.com

The Directors have devised proper systems and processes for complying with the requirements of applicable Secretarial Standards issued by the Institute of Company Secretaries of India and that such systems were adequate and operating effectively.

(A) AUDIT COMMITTEE

An Audit Committee is in existence in accordance with the provisions of Section 177 of the Companies Act, 2013.

Terms of Reference/ Policy:

Apart from all the matters provided under Section 177 of the Companies Act, 2013, the Audit Committee reviews reports of the internal auditor, financial performance and meets statutory auditors as and when required and discusses their findings, suggestions, observations and other related matters. It also reviews major accounting policies followed by the Company

THE COMMITTEE CONSISTS OF THE FOLLOWING MEMBERS AS ON MARCH 31_t 2025

Name of Committee Members	Status in the Committee	Category	Number of meetings attended
Mr. Deepak Sonthaliya	Chairman	Independent Director	3
Ms. Megha Agqarwal	Member	Independent Director	3
Mr. Sachin Arora	Member	Managing Director	3

(B) STAKEHOLDERS RELATIONSHIP COMMITTEE

The Stakeholders Relationship Committee is in existence in accordance with the provisions of Section 178 of the Companies Act, 2013.

Terms of Reference/Policy:

Apart from all the matters provided under section 178 of the Companies Act, 2013. The Stakeholders Relationship Committee reviews the complaints received from the stakeholders of the company as and when required and discusses their findings, suggestions, observations and other related matters.

The Committee consists of the following Members as on March 31, 2025:

Name of Committee Members	Status in the Committee	Category	Number of meetings attended
Mr. Deepak Sonthaliya	Chairman	Independent Director	N.A.
Mr. Rishi Trehan	Member	Whole-Time Director	N.A.
Mr. Sachin Arora	Member	Managing Director	N.A.

(C) NOMINATION AND REMUNERATION COMMITTEE

A Nomination and Remuneration Committee is in existence in accordance with the provisions of sub-section (3) of Section 178 of the Companies Act, 2013. The Companys Policy on appointment and remuneration of Directors and Key Managerial Personnel, has been disclosed on the Company website www.braceport-loaistics.com

Terms of Reference/Policy:

On recommendation of the Nomination and Remuneration Committee the Company has framed a policy as per Section 178 of the Companies Act, 2013 for selection and appointment of Directors, Senior Management and their remuneration.

The Committee consists of the following Members as on March 31, 2025:

Name of Committee Members	Status in the Committee	Category	Number of meetings attended
Mr. Deepak Sonthaliya	Chairman	Independent Director	1
Ms. Megha Aggarwal	Member	Independent Director	1
Mr. Flimanshu Chhabra	Member	Director	1

(D CORPORATE SOCIAL RESPONSIBILITY COMMITTEE

The Committee consists of the following Members as on March 31,2025:

Name of Committee Members	Status in the Committee	Category	Number of meetings attended
Mr. Deepak Sonthaliya	Chairman	Independent Director	1
Ms. Megha Aggarwal	Member	Independent Director	1
Mr. Sachin Arora	Member	Managing Director	1

9. DETAILS OF MEETINGS OF THE BOARD OF DIRECTORS

In the Compliance of Provisions of clause (b) of sub-section (3) of Section 134 of Companies Act, 2013, 13 Board Meetings were held during the financial year. The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013.

During the financial year 2024-25 board of directors met 11 times on 01.04.2024, 03.06.2024,

05.07.2024, 11.07.2024, 18.07.2024, 16.08.2024, 21.08.2024, 22.08.2024, 23.08.2024, 12.11.2024 and

04.03.2025.

10. BOARD EVALUATION

Pursuant to the Provisions of Section 178 of the Companies Act, 2013 and applicable SEBI (LODR) Regulations, 2015, Nomination and Remuneration Committee has framed the evaluation process and the performance evaluation of independent directors, executive directors and board whole as well as working of its Audit, Nomination and Remuneration committee has been carried out during the financial year 2024-25.

11. STATEMENT ON DECLARATION BY AN INDEPENDENT DIRECTOR(S)

All the Independent directors of the company have given their independency declaration pursuant to sub-Section (7) of Section 149 of the Companies Act, 2013. In the opinion of the board independent directors appointed during the year have integrity, expertise and experience (including proficiency).

12. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186 OF THE COMPANIES ACT, 2013

The particulars of loans, guarantees or investments made during the Financial Year 2024-25, if any, have been disclosed in the notes attached to and forming part of the Financial Statements of the Company prepared for the Financial Year ended March 31, 2025, as per the provisions of Section 186 and Section 134(3)(g) of the Companies Act, 2013.

13. DIVIDEND

During the year under review, the Board of Directors of the Company declare an interim dividend aggregating the amount of Rs. 187.88 Lacs on equity shares of the Company 2 times, details of which are as follows:

A. The Board in its board meeting held on 05^th July 2024 declares an interim dividend of Rs 1.25/- per share out of the reserves and surplus of the Company for the financial year 2024-2025 on Equity shares and that the dividend so declared be paid to those equity shareholders whose names stand in the register of members or as beneficial owners in the records of NSDL/CDSL as on 05-07-2024.

B. The Board in its board meeting held on 04^th March 2025 declares an interim dividend of Rs.

0.75 paise per share, at the rate of 7.5% on each fully paid-up equity share of Rs. 10 be paid out of the profits of the Company to those Members whose names appear in the Register of Members as on the Record Date i.e. 17^th March 2025 for the payment of interim dividend.

The Board of Director has not recommended any final dividend for the financial year ended 31^st March2025. Accordingly, the interim dividend declared and paid shall be considered as the final dividend for the Financial Year 2024-25.

14. TRANSFER OF AMOUNTS TO INVESTER EDUCATION AND PROTECTION FUND

The Company does not have any unpaid / unclaimed amount which is required to be transferred, under the provisions of the Companies Act, 2013 to the Investor Education and Protection Fund (‘IEPF) of the Government of India.

15. DEPOSITS

During the year under review, your Company did not accept any deposits in terms of Section 73 of the Companies Act, 2013 ("the Act") read with the Companies (Acceptance of Deposit) Rules, 2014. No amount was outstanding which were classified as Deposit under the applicable provisions of the Companies Act, 2013 as on the Balance Sheet date.

16. STATUTORY AUDITORS

M/s Bhagi Bhardwaj Gaur & Co., Chartered Accountants (FRN: 007895N) Peer Reviewed Firm was appointed as statutory auditors of the company at 4^th Annual General Meeting to hold office as such until the conclusion of the AGM of the company to be held in the year 2029.The statutory auditors have confirmed that they satisfy the independence criteria required under the Companies Act, 2013 and other applicable guidelines and regulations.

17. AUDITORS REPORT

The observations of Auditors in their Report, read with the relevant notes to accounts are self- explanatory. There are no qualifications, observations or adverse remarks which require comments of Board of Directors and require further explanations.

18. SECRETARIAL AUDITOR

Pursuant to the provisions of Section 204 of the Companies Act 2013 and rules made thereunder; the company was appointed (MSTR & ASSOCIATE) Company Secretaries to undertake the Secretarial Audit of the Company for the financial Year ended March 31, 2025. The secretarial Report has been annexed as ‘Annexure - V to the Directors Report

There are no qualifications or reservation or adverse remarks or disclaimers in the said report.

19. COST AUDITOR

Pursuant to Section 148 of the Companies Act, 2013 read with the Companies (Cost Records and Audit) Rules, 2014 the Cost Audit Report is not mandatorily applicable to our Company; hence, no such audit has been carried out during the year.

20.INTERNAL AUDITORS

The Company has in place an adequate internal audit framework to monitor the efficacy of the internal controls with the objective of providing to the Board, an independent, objective and reasonable assurance on the adequacy and effectiveness of the Companys processes. M/s AEPN and Associates was appointed as Internal Auditor of the Company for the financial Year ended March 31, 2025. The Internal Audit function develops an audit plan for the Company, which inter- alia, covers core business operations as well as support functions and is reviewed and approved by the Board on an annual basis. The internal audit approach verifies compliance with the operational and system related procedures and controls.

Significant audit observations are presented to the Board, together with the status of the management actions and the progress of the implementation of the recommendations on a regular basis.

21. REPORTING OF FRAUDS BY AUDITORS

During the year under review, the Auditors of the Company have not reported to the Audit Committee, under Section 143(12) of the Companies Act, 2103 ("the Act"), any instances of fraud committed against the Company by its officers or employees, therefore no detail is required to be disclosed under Section 134 (3) (ca) of the Act.

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

The statement relating to particulars in respect of conservation of energy, technology absorption and foreign exchange earnings & outgo under the Companies Act 2013 is given in Annexure II and forms part of this Report.

23. RESEARCH & DEVELOPMENT

R & D activities of the Company are focused specifically on development of curriculum based digital content. This requires continuous research and development, adoption of new and more efficient technologies and innovation.

(i) Benefits derived as a result of the above R&D

Content created by us enables better learning and enhanced profit.

(ii) Future Plan of Action Aggressive growth

(iii) Expenditure on R&D: NIL

24.DETAILS OF SUBSIDIARY/JOINT VENTURES/ASSOCIATE COMPANIES:

24.DETAILS OF SUBSIDIARY/JOINT VENTURES/ASSOCIATE COMPANIES:

During the year under review, the Company has one Wholly Owned Subsidiary which is as follows.

Sr Name of Body Corporate no.	Formation No.	Relation	Country
1. Braceport Logistics L.L.C.- FZ	2425390	Wholly Owned Subsidiary	Dubai

Pursuant to sub-section (3) of Section 129 of the Act, the statement containing the salient feature of the financial statement of a Companys subsidiary or subsidiaries, associate Company or companies and joint venture or ventures is given in form AOC-1 and attached as Annexure-

III.

Your Company does not have any Associate Company during the Financial Year 2024-25.

However, Brace Port Logistics Limited on 15^th May 2025 has incorporated its Associate Company with the name and Style of AIIGIobal Logistics Inc. in Canada.

25. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

During the Financial year under review, the company has entered into related party transactions prescribed under Section 188 of the Companies Act, 2013. Therefore, Form AOC -2 is required to attach this report as Annexure IV. The Company has formulated a policy on dealing with Related Party Transactions which can be accessed on the Companys website www.braceport-loqistics.com

26. RISK MANAGEMENT POLICY

The Company has developed and implemented a risk management policy which identifies major risks which may threaten the existence of the Company. The same has also been adopted by your Board and is also subject to its review from time to time. Risk mitigation process and measures have been also formulated and clearly spelled out in the said policy and the said Policy is available on Companys website at www.braceport-loaistics.com

27. INTERNAL FINANCIAL CONTROLS

The Company has in place adequate internal financial controls with reference to financial statements. The internal financial controls with reference to the Financial Statements are adequate in the opinion of the Board of Directors. Also, 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.

During the Financial Year 2024-25, such controls were tested and no reportable material weakness in the design or operation was observed.

28. VIGIL MECHANISM

The Company has established a robust Vigil Mechanism and adopted a Whistle Blower Policy in accordance with provisions of Section 177(9) of the Act and Regulations of Listing Regulations, to provide a formal mechanism to its Directors/ Employees/Stakeholders of the Company for reporting any unethical behavior, breach of any statute, actual or suspected fraud on the accounting policies and procedures adopted for any area or item, acts resulting in financial loss or loss of reputation, leakage of information in the nature of Unpublished Price Sensitive Information (UPSI), misuse of office, suspected / actual fraud and criminal offences. During the year under review, no such concern from any whistle-blower has been received by the Company. The Whistle Blower Policy is available on Companys website at www.braceport-logistics.com

29. WEB ADDRESS

Pursuant to Section 134 (3) (a) of the Act, the annual return for Financial Year 2025 prepared in accordance with Section 92(3) of the Act is made available on the website of the Company and can be accessed by using the link www.braceport-loqistics.com

30. DETAILS OF APPLICATION / ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016

Neither any application was made nor any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the financial year under review.

31. DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF

During the year under review, it has been observed that there is no difference between amount of the valuation done at the time of one-time settlement and the valuation done while taking loan from the banks or financial institutions along with the reasons thereof hence, this provision is not applicable to the Company.

32. RECONCILIATION OF SHARE CAPITAL AUDIT:

As directed by the Securities and Exchange Board of India (SEBI), Reconciliation of Share Capital Audit has been carried out at the specified period, by a Practicing Company Secretary.

33. DIRECTORS RESPONSIBILITY STATEMENT

The Directors Responsibility Statement referred to in clause c) of sub-section (3) of Section 134 of the Act, states that-

(a) in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

(b) the directors 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 the company at the end of the Financial Year and of the Profit and.

Loss of the Company for that period;

c) the directors have 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 have prepared the annual accounts on a going concern basis; and

(e) the directors, have laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.

(f) the directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

34.DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT-2013

The company has in place a policy for prevention of sexual harassment in accordance with the requirements of the Sexual Harassment of women at workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal Complaints Committee has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy. The Company did not receive any complain during the year 2024-25.

35. OBSERVANCE OF THE SECRETARIAL STANDARDS

The Directors state that proper systems have been devised to ensure compliance with the applicable laws. Pursuant to the provisions of Section 118 of the Act, 2013 during FY 2023, the Company has adhered with the applicable provisions of the Secretarial Standards ("SS-1" and "SS- 2") relating to ‘Meetings of the Board of Directors and ‘General Meetings issued by the Institute of Company Secretaries of India ("ICSI") and notified by MCA.

36. PREVENTION OF INSIDER TRADING

The Company has also adopted a Insider Trading Rules, 2023. All the Directors, Senior Management employees and other employees who have access to the unpublished price sensitive information of the Company are governed by this Rules/code. During the year under report, there has been due compliance with the said code of conduct for prevention of insider trading based on the SEBI (Prohibition of Insider Trading) Regulations, 2015.

37. CAUTIONARY STATEMENT

This report contains forward- looking statements based on the perceptions of the Company and the data and information available with the company. The company does not and cannot guarantee the accuracy of various assumptions underlying such statements and they reflect Companys current views of the future events and are subject to risks and uncertainties. Many factors like change in general economic conditions, amongst others, could cause actual results to be materially different.

38. GREEN INITIATIVE

In commitment to keep in line with the Green Initiatives and going beyond it, electronic copy of the Notice of 5^thAnnual General Meeting of the Company including the Annual Report for FY 2024- 25 are being sent to all Members whose e-mail addresses are registered with the Company / Depository Participant(s).

39. CASH FLOW AND CONSOLIDATED FINANCIAL STATEMENTS

As required under the Regulation 34 (2) of the Listing Regulations, a cash flow statement is part of the Annual Report 2024-25. Also, the Company has presented the Consolidated Financial Statements of the Company for the financial year 2024-25 which forms the part of the Annual Report 2024-25.

40. DISCLOSURE OF ORDERS PASSED BY REGULATORS OR COURTS OR TRIBUNAL

During the year under review, the Company has not received any Orders from the Regulators or Courts or Tribunal which can impact the ‘going concern status of the Company.

41. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

In term of Regulation 34 of the Listing Regulations, Managements Discussion and Analysis Report for the year under review, is presented in a separate section, forming an integral part of this Annual Report and is enclosed as Annexure-VI.

42. PARTICULARS OF EMPLOYEES AND MANAGERIAL REMUNERATION

None of the employees of the Company are in receipt of remuneration exceeding the limits prescribed in (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Further in Compliance of Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the details are as follows:

1 The ratio of the remuneration of each director to the median remuneration of the employees of the Company for the financial year 2024-25
Sr No. Name of the Director	Ratio of remuneration to the median remuneration of the employees
1. Sachin Arora	12.60
2. RishiTrehan	11.10
II The percentage increase in remuneration of each Director, Chief Financial Officer, Chief Executive Officer, Company Secretary or Manager, if any, in the Financial year 2024-25
Sr No. Name of the Director/ CFO/ Company Secretary	% increase over last F.Y.
1. Sachin Arora	24.09%
2. RishiTrehan	22.77%
3. Radhakrishnan Pattiyil Nair	46.58%
4. Megha Verma	172.32%
III The percentage increase/ decrease in the median remuneration of employees in the financial year	22.74%
IV The number of permanent employees on the rolls of the Company as on 31st March, 2025	34
V Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration	The average percentile increases in the salaries of employees other than managerial personnel in the financial year 2024-25 was 6.15%, whereas the percentile increase in managerial remuneration was 31.66%.
VI The key parameters for any variable component of remuneration availed by the directors	NIL
VII Affirmation that the remuneration is as per the remuneration policy of the Company	Pursuant to Rule 5(l)(xii) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, it is affirmed that the remuneration paid to the Directors, Key Managerial Personnel and Senior Management is as per the Remuneration Policy of your Company.

43. POLICIES

All the policies are available on the website of the Company i.e. www.braceport-loqistics.com

44. LISTING WITH STOCK EXCHANGE

The Company has launched its Initial Public Offer at the Platform of NSE Emerge and get listed on 26^th August, 2024 and shares of the company are traded at NSE Emerge Platform. The Company has paid Listing fees to National Stock Exchange of India Limited.

45. DISCLOSURES WITH RESPECT TO DEMAT SUSPENSE ACCOUNT/UNCLAIMED SUSPENSE ACCOUNT

The Provisions of Clause F of Schedule V of Regulation 34 of Details of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 are not applicable to the Company as Company does not have any Demat Suspense Account/Unclaimed Suspense Account as on 31st March 2025.

46. ACKNOWLEDGEMENTS

Your directors would like to place on record their deep sense of gratitude to Shareholders and Stakeholders. The Directors place on record their sincere appreciation to all employees of the Company for their unstinted commitment and continued contribution to the Company.