Cadsys India Ltd Directors Report

For the year ended March 31, 2026

To,

The Members,

Cadsys (India) Limited Hyderabad, Telangana, India.

Dear Members,

Your directors take the opportunity to present the 34 th Boards Report together with the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2026. The Report highlights the performance of the Company as well as its subsidiaries as follows:

DISCLOSURES AS PER RULE 8(5) OF COMPANIES (ACCOUNTS) RULES,2014:

FINANCIAL HIGHLIGHTS

	Standalone		Consolidated
Particulars	For the financial year 2025-26	For the financial year 2024-25	For the financial year 2025-26	For the financial year 2024-25
Total Revenue	2821.33	1993.79	11757.56	10244.62
Total Expenses	2595.88	1883.24	13689.3	14213.84
Finance Cost	91.98	87.11	279.24	696.08
Depreciation	78.97	55.14	291.82	397.22
Exceptional Items	1121.44	-	1121.44	2851.03
Profit before Tax	(895.99)	110.55	(3053.18)	(6820.26)
Tax Expense	25.21	56.57	26.57	48.21
Profit after Tax	(921.20)	53.98	(1849.76)	(3705.21)
Earnings per share (Basic &Diluted)	(9.21)	0.54	(18.49)	(37.04)

FINANCIAL PERFORMANCE

During the financial year under review, the Company continued its efforts to strengthen operations and amidst a challenging business environment. The Standalone revenue for the year was Rs. 2821.33 lakhs as against Rs. 1993.79 lakhs for the previous year. The PAT attributable to the members is Rs. (921.20) in lakhs as against Rs. 53.98 in lakhs for the previous year.

The Company remains focused on operational efficiencies, prudent financial management, and strategic realignment of business priorities to enhance value for stakeholders in the long term.

Further, during the year under review, there were no changes in the Nature of Business of the Company.

EXPORTS

The exports of the Company continue to be a major chunk of revenue accounting for a volume of 5 2628.00 lakhs as against 5 1893.55 lakhs in previous year.

TRANSFER TO RESERVES IN TERMS OF SECTION 134(3)(j) OF THE COMPANIES ACT, 2013

The Company did not transfer any funds to general reserves for the financial year ended 31st March, 2026. Instead, the current years net loss was absorbed into the accumulated surplus/deficit balance in the Statement of Profit and Loss.

DIVIDEND

Keeping in view the difficult operating environment that prevailed in the year gone by and the expected cash flow requirements for the future growth of the Company, your directors were not able to recommend any dividend for the financial year ended 31st March, 2026.

TRANSFER OF UNPAID & UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND (IEPF)

In terms of Section 125 of the Companies Act, 2013 read with the Investor Education and Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016, during the financial year ended March 31, 2026, there is no outstanding amount to be transferred to Investor Education and Protection Fund. However, the details of unpaid and unclaimed dividend can be accessed on Companys website i.e., https://www.cadsvstech.com/investor/.

SHARE CAPITAL

Your Company has one class of share, i.e., Equity Shares of face value 5.10/- each. The Authorized Share Capital of your Company is 5 1,200 lakhs comprising of 120 lakhs Equity Shares of 5. 10/- each. The issued, subscribed and the Paid-up Share Capital of your Company as on 31 st March, 2026 is 5 1,000.25 lakhs.

EXTRACT OF ANNUAL RETURN

The Annual Return will be available on the website of the Company, as mandated under Section 92(3) read with Section 134 (3) of the Companies Act, 2013, and the same can be accessed at http://www.cadsystech.com/investor/ .

DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMP)

The Board represents an optimum mix of professionalism, knowledge and experience. The Companys policy is to maintain optimum combination of Executive, Non-Executive Directors and Independent Directors.

List of directors and Key Managerial Personnel of the Company as on March 31, 2026:

SI. No.	Name of the Directors	Designation	Designation
1	Nallani Chakravarthi Venkata Rangacharya	Managing Director	1067596
2	NaUani Chakravarthi Padmaja	Whole-Time Director and Chief Finance Officer	1173673
3	Madhavi ChUakamarri	Non-Executive Director	1067690
4	Sripadarajan Nagarajan	Executive Director	5262644
5	Bhima Sankara Kadiyala	Independent & Non-Executive Director	6825611
6	Appala Charyulu Chilakamarri	Independent & Non-Executive Director	1601712
7	Anusha Gowni	Company Secretary and Compliance Officer	DDNPG3315P

Changes during the Financial Year ended March 31, 2026:

I. Cessation and Appointment of Director/KMP:

Mr. Bhima Sankara Kadiyala appointed as the Independent Director of the Company with effect from 06 th December, 2025 and the Company sought the approval of its members through a postal ballot process, the results of which were declared on 06 th December, 2025.

Mr. Sai Sridhar Sangineni, tendered his resignation from the position of the Independent Director of the Company with effect from closure of business hours on 10 th February, 2026, due to his pre-occupations.

CS Vanamali Praneeth Kumar, tendered his resignation from the position of the Company Secretary and Compliance Officer of the Company with effect from closure of business hours on 10 th February, 2026, to pursue better opportunities.

CS Anusha Gowni, appointed as Company Secretary and Compliance Officer of the Company with effect from 10 th February, 2026.

I. Retire by Rotation:

In accordance with the provisions of the Companies Act, 2013, Mr. Sripadarajan Nagarajan, Director of the company retires by rotation at the ensuing AGM of the Company and being eligible, offers himself for reappointment. The brief profile of the Director is presented in this Annual Report.

DECLARATION BY INDEPENDENT DIRECTORS AND STATEMENT ON COMPLIANCE OF CODE OF CONDUCT

The Company has received necessary declaration from each independent director under Section 149(7) of the Companies Act, 2013, that they meet the criteria of independence laid down in Section 149(6), Code for independent directors of the Companies Act, 2013 and of the Listing Regulations.

In the opinion of the Board, the Independent Directors possess their requisite expertise and experience and are persons of high integrity and repute. They fulfill the conditions specified in the Companies Act, 2013 (the Act) as well as the Rules made thereunderand are independent of the management.

COMPOSITIONOF VARIOUS COMMITTEES OF BOARD OF DIRECTORS OF THE COMPANY & ITS MEETINGS

The Board had constituted various Committees as required under the provisions of Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The provisions of Companies Act, 2013 read with Secretarial Standard - 1 issued by the Institute of Company Secretaries of India (ICSI) and SEBI (LODR) Regulations, 2015 were adhered while conducting Committee Meetings. The details of various committees constituted by the Board are covered hereunder:

I. AUDIT COMMITTEE:

Audit Committee was constituted to monitor, oversee and provide effective supervision of the managements financial reporting process with a view to ensuring accurate, timely and proper disclosure and transparency, integrity and quality of financial reporting. The Committee adheres to the compliance with the applicable provisions under the Companies Act, 2013 and rules made thereunder. The committee policy is available on the website, at http://www.cadsvstech.com/investor/

During the year under review, the Audit Committee had been reconstituted. Post such change, the composition members of the Committee are shown below.

Composition of Audit Committee:

SI. No.	Name of the Director/KMP	Designation in the Committee
1	Appaia Charyuiu Chilakamarri	Chairman
2	Bhima Sankara Kadiyala	Member
3	Naiiani Chakravarthi Venkata Rangacharya	Member
4	Anusha Gowni	Secretary

DETAILS OF AUDIT COMMITTEE MEETINGS:

The Audit Committee met 5 times during the year under review on May 30 th , 2025, September 06 th , 2025, October 31 st , 2025, November 14 th , 2025 and February 10 th , 2026. The necessary quorum was present for all the meetings held during such year. The details of attendance of each Member at the Audit Committee meetings held during the year are as under:

SI. No.	Name of the Director/KMP	Number-wise meeting attendance					No. of Meetings Attended
		1	2	3	4	5
1	Appala Charyulu Chilakamarri	V	V	V	V	V	5
2	*Sai Sridhar Sangineni	V	V	X	X	X	2
3	Nallani Chakravarthi Venkata Rangacharya	V	V	V	V	V	5
4	**Vanamali Praneeth Kumar	V	V	V	V	V	5
5	A Bhima Sankara Kadiyala	NA	NA	NA	NA	V	1

*Mr. Sai Sridhar Sangineni, tendered his resignation from the position of the Independent Director of the Company with effect from closure of business hours on 10th February, 2026, due to his pre-occupations and consequent to his resignation as director, he ceased to be the Member of the Audit Committee.

**CS Vanamali Praneeth Kumar, tendered his resignation from the position of the Company Secretary and Compliance Officer of the Company with effect from closure of business hours on 10th February, 2026, to pursue better opportunities.

a Mr. Bhima Sankara Kadiyala appointed as the Member of Audit Committee of the Company with effect from 06th December, 2025.

II. NOMINATION AND REMUNERATION COMMITTEE:

The Committee was constituted to screen and review individuals qualified to serve as executive directors, non-executive directors and independent directors, consistent with criteria approved by the Board, and to recommend, for approval by the Board, nominees for election at the General Meeting. The Committee also designs, benchmarks and continuously reviews the compensation program for the Board and senior management against the achievement of measurable performance goals. The Committee adheres to the compliance with the provisions of Section 178 of the Companies Act, 2013 and rules made thereunder. The committee also regularly reviews from time to time the policy for selection and appointment of Directors, Key Managerial Personnel and senior management employees and their remuneration.

During the year under review, the Nomination and Remuneration Committee had been reconstituted. Post such change, the composition members of the Committee are shown below.

Composition of Nomination and Remuneration Committee:

SI. No.	Name of the Director/KMP	Designation in the Committee
1	Bhima Sankara Kadiyala	Chairman
2	Appala Charyulu Chilakamarri	Member
3	Madhavi Chilakamarri	Member
4	Anusha Gowni	Secretary

Details of Nomination and Remuneration Committee Meetings:

The Nomination and Remuneration Committee met 5 times during the year under review on May 30 th , 2025, September 06 th , 2025, October 31 st , 2025, November 14 th , 2025 and February 10 th , 2026. The necessary quorum was present for all the meetings. The details of attendance of each Member at the Nomination & Remuneration Committee meetings held during the year are as under:

Name of the SL No Director/KMP	Number-wise meeting attendance					No. of Meetings Attended
	1	2	3	4	5
1 *Sai Sridhar Sangineni	V	V	X	X	X	2
2 A Bhima Sankara Kadiyala	NA	NA	NA	NA	V	1
3 Appala Charyulu Chilakamarri	V	V	V	V	V	5
4 Madhavi Chilakamarri	V	V	V	V	X	4
5 **Vanamali Praneeth Kumar	V	V	V	V	V	5

*Mr. Sai Sridhar Sangineni, tendered his resignation from the position of the Independent Director of the Company with effect from closure of business hours on 10 th February, 2026, due to his pre-occupations and consequent to his resignation as director, he ceased to be the Chairman of the Nomination and Remuneration Committee.

**CS Vanamali Praneeth Kumar, tendered his resignation from the position of the Company Secretary and Compliance Officer of the Company with effect from closure of business hours on 10 th February, 2026, to pursue better opportunities.

a Mr. Bhima Sankara Kadiyala appointed as the Chairman of Nomination and Remuneration Committee of the Company with effect from 06th December, 2025.

III. STAKEHOLDERS RELATIONSHIP COMMITTEE:

The Stakeholders Relationship Committee was constituted to review matters related to grievances of Shareholders and Investors The committee primarily focuses on review of investor complaints, its redressal and queries received from investors i.e.., transfer of Shares, issue of Duplicate Share Certificates, non-receipt of Annual Reports, Dematerialization/ Re-materialization etc. and reviews the reports presented by the Share Transfer Agents of the Company. The Committee adheres to the compliance with the applicable provisions of Companies Act, 2013 and rules made thereunder.

Composition of the Stakeholders Relationship Committee:

SI. No	Name of the Director/KMP	Designation in the Committee
1	Madhavi Chilakamarri	Chairperson
2	Nallani Chakravarthi Padmaja	Member
3	Nallani Chakravarthi Venkata Rangacharya	Member

Board Meetin gs

The provisions of Companies Act, 2013 read with Secretarial Standards Issued by the Institute of Company Secretaries of India (ICSI) and SEBI (LODR) Regulations, 2015 were adhered while conducting Board Meetings. The details of the Board Meetings are covered hereunder:

Details of Board Meetings:

During the FY 2025-26, the Board of Directors met 5 times dated May 30 th , 2025, September 06 th , 2025, October 31 st , 2025, November 14 th , 2025 and February 10 th , 2026.

Name of the SI * No Director/KMP	Number-wise meeting attendance					No. of Meetings Attended
	1	2	3	4	5
1 NaUani Chakravarthi Venkata Rangacharya	V	V	V	V	V	5
2 NaUani Chakravarthi Padmaja	V	V	V	V	V	5
3 Madhavi Chilakamarri	V	V	V	V	X	4
4 Sripadarajan Nagarajan	V	V	V	V	V	5
5 A Sai Sridhar Sangineni	V	V	X	X	X	2
6 Appala Charyulu Chilakamarri	V	V	V	V	V	5
7 AA Bhima Sankara Kadiyala	NA	NA	NA	NA	V	1

AMr. Sai Sridhar Sangineni, tendered his resignation from the position of the Independent Director of the Company with effect from closure of business hours on 10th February, 2026, due to his pre-occupation works.

aa Mr. Bhima Sankara Kadiyala appointed as the Independent Director of the Company of the Company with effect from 06th December, 2025.

COMPLIANCE WITH SECRETARIAL STANDARDS

During the year under review, The Company complies with all applicable secretarial standards issued by the Institute of Company Secretaries of India.

POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION

The Company follows a policy of maintaining an appropriate balance of Executive, Non-Executive, and Independent Directors to ensure the independence of the Board and to clearly demarcate the roles of governance and management. As on March 31, 2026, the composition of the Board and its Committees, along with other relevant details, are provided in this Annual Report.

The Companys policy on the appointment and remuneration of directors, including the criteria for determining their qualifications, positive attributes, and independence, as required under Section 178(3) of the Companies Act, 2013, is available on the Companys website at http://www.cadsystech.com/investor/.

We confirm that the remuneration paid to the directors is in accordance with the terms of the Nomination and Remuneration Policy of the Company.

PERFORMANCE EVALUATION OF THE BOARD

The Board of Directors has conducted the annual evaluation of its own performance, the performance of its committees and that of individual Directors in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder.

The evaluation of the Board and its Committees was carried out by the Board after seeking inputs from all Directors and Committee members, based on criteria such as composition and structure, effectiveness of processes, availability and quality of information and overall functioning.

The performance of individual Directors was reviewed by the Board and the Nomination and Remuneration Committee, based on parameters including their active participation, contribution and engagement at Board and Committee meetings.

A separate meeting of the Independent Directors was also held, where they reviewed the performance of Non-Independent Directors, the Board as a whole, and the Chairperson, taking into account the views of Executive and Non-Executive Directors.

DIRECTORS RESPONSIBILITY STATEMENT

Your directors state that:

• For the preparation of the annual financial statements for the year ended 31 st March, 2026, the applicable accounting standards have been adopted and followed;

• The applicable accounting policies are applied consistently to make judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs and profits of the company as at the end of the financial year under review;

• Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

• The Directors have prepared the annual accounts on a going concern basis;

• Proper internal financial controls were in place and followed by the Company and that such internal financial controls are adequate for effective operations; and

• Proper systems are devised by the Company to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

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

A. Conservation of energy:

(i)	the steps taken or impact on conservation of energy	Efforts are made towards minimizing wastage in all areas of operations of the Company.
(ii)	the steps taken by the company for utilizing alternate sources of energy
(iii)	the capital investment on energy conservation equipments	No additional investment was made for reduction in consumption of energy.

B. Technology absorption: During the year under review there has been no transaction of technology absorption.
C. Foreign exchange earnings and outgo (f. in Lakhs):
Particulars	FY 2025-26	FY 2024-25
Foreign Exchange Earnings	3891.51	981.78
Foreign Exchange Outflow	2.43	NIL

CONSOLIDATED FINANCIAL STATEMENTS

As on March 31, 2026, your Company has the following subsidiaries/associate entities, whose financial statements have been consolidated with that of the Company in accordance with the applicable provisions of the Companies Act, 2013 and relevant Accounting Standards. The consolidated financial statements present a comprehensive overview of the financial position and performance of the Company and its subsidiaries/associates as a single economic entity.

Particulars	Name of the Company	% of Holding
1	Apex Engineers (India) Private Limited	80%
2	Apex Advanced Technology LLC, USA	42%
3	Cadsys Technologies LLC, USA	96.87%

Pursuant to the provisions of Section 129(3) of the Companies Act, 2013, a statement containing salient features of financial statements of the subsidiary/associate companies, in the prescribed Form AOC-1, forms part of this Boards Report and is annexed hereto as Annexure-I.

COMPANIES WHICH HAVE BECOME OR CEASED TO BE SUBSIDIARIES/JOINT VENTURES AND ASSOCIATE COMPANIES

Apex Advanced Technology LLC (AAT), having registered office at USA was a subsidiary of the Company up to 06.11.2025 holding 52% of the equity share capital / voting power of AAT during the year, AAT converted loan payable to another stakeholder into equity shares. Consequent to the said conversion, the Companys shareholding in AAT reduced from 52% to 42% with effect from 07.11.2025. As a result of which AAT is now ceased to be a Subsidiary Company and will continue as an Associate Company of the Cadsys.

Consequent to the change in status of Apex Advanced Technology LLC from subsidiary to associate during the year, the consolidated financial statements for the year ended 31.03.2026 are not strictly comparable with those of the previous year / earlier periods to the extent that Apex Technology has been consolidated line by line only up to 07.11.2025 and has been accounted for as an associate thereafter.

There have been no changes in the Companys subsidiary, joint venture, or associate company structure during the financial year except as stated above.

RELATED PARTY TRANSACTIONS

The Company has adopted a policy on Materiality of Related Party Transactions and on dealing with Related Party Transactions, in compliance with the provisions of the Companies Act, 2013 and Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This policy is available on the Companys website at: http://www.cadsystech.com/investor/.

All Related Party Transactions entered into during the financial year were in the ordinary course of business and on an arms length basis. Accordingly, these transactions are outside the purview of Section 188(1) of the Companies Act, 2013. However, in accordance with Section 134(3)(h) of the Act read with Rule 8(2) of the Companies (Accounts) Rules, 2014, the details of such transactions are provided in the prescribed Form AOC-2, which forms part of this Report as Annexure-II.

The Audit Committee periodically reviews all Related Party Transactions to ensure their compliance with the applicable laws and the Companys internal policies. Wherever necessary, prior approval of the Audit Committee and/or the Board of Directors is obtained in respect of such transactions.

UNSECURED LOANS FROM DIRECTORS/ RELATIVES OF DIRECTORS

As on the financial year end dated March 31, 2026, the Company does not have any unsecured loans from the Directors/ Relatives of Directors.

PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS

Loans, guarantees and investments covered under Section 186 of the Companies Act, 2013 form part of the Notes to the financial statements provided in this Annual Report.

DEPOSITS

The Company has not accepted any public deposits during the year, and accordingly, there were no outstanding amounts of principal or interest on such deposits as on 31st March, 2026.

PARTICULARS OF EMPLOYEES AND REMUNERATION

The information required under section 197(12) of the Companies Act, 2013 read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 forms part of this report as Annexure-III. Further, the Company has no employee drawing remuneration exceeding the limits prescribed under Section 197(12) of Companies Act, 2013 read with Sub-Rule 2 of Rule 5 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

RISK MANAGEMENT

Risk management involves the identification, assessment, and prioritization of risks, followed by coordinated measures to minimize, monitor, and control the likelihood or impact of adverse events, or to enhance the realization of potential opportunities. The Company has established a comprehensive risk assessment and mitigation framework, which is periodically reviewed by the Audit Committee and approved by the Board of Directors.

VIGIL MECHANISM

The requisite details as required by Section 177 of Companies Act, 2013 and Regulation 22 & 34 (3) of SEBI (LODR) Regulations, 2015 is provided in the Vigil Mechanism (Whistleblower Policy). The Whistleblower policy is available on the website of the Company.

MANAGEMENT DISCUSSION AND ANALYSIS

Management Discussion and Analysis Report for the year under review as stipulated under Regulation 34(2) (e) of the SEBI (LODR) Regulations, 2015 is presented in a separate section forming part of this Annual Report.

CORPORATE GOVERNANCE

The Company is listed under Chapter XB of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, i.e., on SME Platform of National Stock Exchange of India Limited - NSE EMERGE. As such, according to Regulation 15(2)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the compliances with respect to Corporate Governance disclosures are not applicable to your Company. However, your Company strives to incorporate the appropriate standards for Corporate Governance in the interest of the stakeholders of the Company.

MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY

I.During the financial year, the Company sought the approval of its members through a postal ballot, the results of which were declared on 06 th December, 2025 for key corporate actions i.e.:

1. Approval of the sale/ transfer/ disposal/ dilution of the investment held by the Company in Apex Advanced Technology LLC, USA, a subsidiary of the Company.

2. Approval for the appointment of Mr. Bhima Sankara Kadiyala as an Independent Director of the Company. The resolutions were passed with the requisite majority.

II.Post closure of financial year and as on the date of this report, the Company sought the approval of its members at its Extra-Ordinary General Meeting (EGM) held on 28th May, 2026, for the following items:

1. Ratification of the material Related Party Transactions (RPTs) executed for the financial year 2025-26

2. Approval for entering the material Related Party Transactions (RPTs) with Apex Advanced Technology LLC for the financial year 2026-27.

3. Approval for entering material Related Party Transactions (RPTs) with Cadsys Technologies LLC for the financial year 2026-27.

The resolutions were passed with the requisite majority.

COMPLIANCE WITH PROVISIONS OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

The Company is committed to fostering a safe, respectful, and inclusive work environment that is free from sexual harassment and any form of gender-based discrimination. In line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, the Company has formulated a comprehensive policy on the prevention of sexual harassment at the workplace. An Internal Committee (IC) has been duly constituted in accordance with the requirements of the Act to provide an effective mechanism for addressing complaints related to sexual harassment.

The Company has complied with all provisions relating to the constitution and functioning of the ICC. During the financial year 2025-26, no complaints pertaining to sexual harassment were received by the Company.

COMPLIANCE WITH THE MATERNITY BENEFIT ACT 1961:

The Company had, during the year, complied with the provisions of the Maternity Benefit Act, 1961.

OTHER DISCLOSURES PURSUANT TO THE COMPANIES (ACCOUNTS) AMENDMENT RULES, 2021:

Ministry of Corporate Affairs vide its notification dated 24 th March, 2021 has come up with the Companies (Accounts) Amendment Rules, 2021 mandating the Companies to disclose the following details under rule 8, in sub-rule (5) of The Companies (Accounts) Rules, 2014 w.e.f 01 st April, 2021. Details pursuant to said amendment are as follows:

Details of application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year along with their status as at the end of the financial year.	During the year under review, there were no applications made or proceedings pending in the name of the Company under the Insolvency and Bankruptcy Code, 2016.
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, there has been no one time settlement of loans taken from the banks and Financial Institutions.

CORPORATE SOCIAL RESPONSIBILITY

The Company is not required to constitute a Corporate Social Responsibility Committee as it does not fall within purview of Section135(1) of the Companies Act, 2013 and hence it is not required to formulate policy on corporate social responsibility.

ORDERS, IF ANY, PASSED BY REGULATORS OR COURTS OR TRIBUNALS

There were no significant or material orders passed by the Regulators, Courts or Tribunals which impact the going concern status and Companys operations in future.

INTERNAL FINANCIAL CONTROLS SYSTEMS AND THEIR ADEQUACY

Based on the internal financial control framework and compliance systems established by the Company, along with the reviews carried out by the Management, Internal Auditors, Statutory Auditors, Secretarial Auditors and the Audit Committee, the Board is of the opinion that the Companys internal financial controls were adequate and operating effectively with reference to the financial statements for the financial year 2025-26.

The Company has implemented internal financial controls commensurate with the size and nature of its operations. These controls ensure the orderly and efficient conduct of business, adherence to policies, safeguarding of assets, prevention and detection of frauds and errors and accuracy of financial records and reporting. Further details regarding internal financial controls are provided in the Management Discussion and Analysis Report and in the Independent Auditors Report, forming part of this Annual Report.

AUDITORS Statutory auditors:

M/s Narven Associates, Chartered Accountants (Firm Registration No. 005905S), were appointed as the Statutory Auditors of the Company, for a term of five consecutive years at the 33rd AGM until the conclusion of the Annual General Meeting to be held for the financial year 2029-30.

Explanation to Auditors Remarks - The observations made by the Statutory Auditors in their Report read with the relevant notes as given in the Notes on Accounts for the year ended on March 31, 2026, are selfexplanatory and therefore do not call for any further comments under Section 134(3) (f) of the Companies Act, 2013.

Internal auditors:

M/s J. Madhava & Co., Chartered Accountants, were re-appointed during the year under review to perform the duties of internal Auditors of the Company and their reports are reviewed by the Audit Committee from time to time.

Secretarial auditors:

Pursuant to the provisions of Sections 204 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the company has appointed M/s Atluri Ramesh & Associates, Company Secretaries to undertake the Secretarial Audit of the Company for the year ended on 31 st March 2026. The Secretarial Auditors Report for the year ended 31 st March 2026 forms part of this report as Annexure-IV.

Cost auditors:

The provision of Section 148 of the Companies Act, 2013 read with the Companies (Cost records and audit) Rules, 2014, is not applicable to the Company. Hence, the Company has neither maintained any cost records nor appointed any Cost Auditor.

REPORTING OF FRAUDS BY THE AUDITORS

During the year under review, neither the statutory auditors nor the secretarial auditor has reported to the Audit Committee, under Section 143 (12) of the Companies Act, 2013, any instances of fraud committed against the Company by its officers or employees, the details of which would need to be mentioned in the Boards report, which forms part of this Integrated Annual Report.

ACKNOWLEDGEMENTS

Your directors wish to place on record their gratitude to members for the confidence reposed by them and thank all the members, customers, Bankers, Registrar to the Company, dealers, suppliers and other business associates for their contribution to your Companys growth. Your directors also wish to place on record their appreciation for the contribution made by the employees at all levels without whom the growth of the Company is unattainable. Your directors also thank the Central/State Government, for their support. Your directors seek and look forward for the same support in future.

For and on behalf of Board of Directors Cadsys (India) Limited

Sd/-	Sd/-
N.C.V. Rangacharya	Nallani Chakravarthi Padmaja
Managing Director	Whole Time Director cum CFO
DIN: 01067596	DIN: 01173673
Date: May 28, 2026
Place: Hyderabad