Celebrity Fashions Ltd Directors Report

Dear Members,

The Directors are pleased to present the 37^th Annual Report along with the Audited Financial Statements for the financial year ended 31^st March 2026.

1. HIGHLIGHTS OF FINANCIAL PERFORMANCE

The Companys performance during the year as compared with previous year is summarized below:

(C in Crores, except for EPS)

Particulars	FY 2025-2026	FY 2024-2025
Revenue from operations	172.06	165.26
Other Income	0.42	0.41
Total Income	172.48	165.67
Cost of Materials	74.08	74.38
Change in Inventories	9.76	0.29
Employee benefit Expenses	60.75	60.94
Finance Cost	6.10	5.77
Depreciation and Amoritization	4.12	6.27
Other Expenses	33.39	36.28
Total Expenses	188.20	183.93
Profit before Tax & Exceptional Items	(15.72)	(18.26)
Exceptional Expenses / (Income)	-	-
Profit before Tax	(15.72)	(18.26)
Tax Expenses	-	-
Profit after Tax	(15.72)	(18.26)
Earnings Per Share
Basic	(2.63)	(3.22)
Diluted	(2.63)	(3.22)

2. OVERVIEW OF FINANCIAL PERFORMAMCE AND STATE OF COMPANYS AFFAIRS

The turnover of the Company for the financial year ended 31^st March 2026 stood at C 172.06 crores as against C 165.26 crores in the previous financial year. The Company has reported a Loss after Tax (PAT) of C (15.72) crores for the year under review, as compared to a Profit after Tax (PAT) of C (18.26) crores in the previous year.

3. COST OF MATERIAL AND CHANGES IN INVENTORIES

The cost of materials adjusted for changes in Inventories of finished goods and work in progress is 44.35% to revenue as against 47.99% in the previous year.

4. EMPLOYEE COSTS

The manpower cost for the year is 35.22 % to revenues as against 36.78 % in the previous year.

5. DEPRECIATION

Depreciation during the year stood at C 4.12 crores as against C 6.27 crores in the previous year.

6. FINANCE COSTS

Finance Cost for the year stood at C 6.10 crores as against C 5.77 crores in the previous year.

7. SHARE CAPITAL EQUITY SHARE CAPITAL

A) Authorised Share Capital

During the year under review, the Members of the Company approved the reclassification of the Authorised Share Capital of the Company, whereby the Authorised Share Capital comprising 6,40,00,000 (Six Crore Forty Lakh) Equity Shares of C 10/- each aggregating to C 64,00,00,000/- and 2,60,00,000 (Two Crore Sixty Lakh) 1% Cumulative Redeemable Preference Shares of C 10/- each aggregating to C 26,00,00,000/-, was reclassified into 7,00,00,000 (Seven Crore) Equity Shares of C 10/- each aggregating to C 70,00,00,000/- and 2,00,00,000 (Two Crore) 1% Cumulative Redeemable Preference Shares of C 10/- each aggregating to C 20,00,00,000/-.

Pursuant to the aforesaid reclassification, there was no change in the aggregate Authorised Share Capital of the Company, which continued to remain at C 90,00,00,000/- (Rupees Ninety Crore only).

B) Paid Up Share Capital

During the year under review, the paid-up equity share capital of the Company increased pursuant to the allotment of 48,69,933 (Forty-Eight Lakh Sixty-Nine Thousand Nine Hundred and Thirty-Three) Equity Shares of C 10/- each, issued at a price of C 10.31/- per Equity Share, including a premium of C 0.31/- per Equity Share, on a preferential basis.

Consequent to the aforesaid allotment, the paid-up equity share capital of the Company increased from C 59,67,84,130/- comprising 5,96,78,413 Equity Shares of C 10/- each to C 64,54,83,460/- comprising 6,45,48,346 Equity Shares of C 10/- each. The Equity Shares so allotted rank pari passu in all respects with the existing Equity Shares of the Company.

8. DIVIDEND

Due to the losses incurred by the Company in the earlier years, the Board of Directors has not recommended any dividend for the financial year ended 31^st March 2026.

The Company is liable to pay arrears of dividends to 1% of Cumulative Redeemable Preference Shareholders from inception.

9. TRANSFER TO RESERVES

The Company has not transferred any amount to general reserve for the financial year ended 31^st March 2026.

10. FINANCE AND ACCOUNTS

The financial statements are prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 read with Section 133 of Companies Act, 2013, (the ‘Act) and other relevant provisions of the Act.

Due to the losses incurred by the Company in the earlier years, there is no provision for Income Tax. The Company has recognized Deferred Tax Asset in unabsorbed depreciation and accumulated losses to the extent of corresponding deferred tax liability on the difference between the book balances and written down value of fixed assets under Income Tax.

11. DEPOSITS

During the year under review, your Company has not invited or accepted any deposit within the meaning of provisions of Chapter V of the Act, read with the Companies (Acceptance of Deposits) Rules, 2014 for the year ended 31 ^st March 2026.

12. CASH FLOW STATEMENT

In conformity with the provisions of Section 134 of Companies Act, 2013 and Regulation 34 2(c) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Cash flow statement for the year ended 31^st March 2026 forms part of this Annual Report.

13. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

All contracts / arrangements / transactions entered by the Company during the financial year with related parties were in ordinary course of business and on an arms length basis and were placed and approved by the Audit Committee. During the financial year 2025-206, the Company had not entered into any contract / arrangement / transaction with related parties which could be considered material in accordance with the provisions of the Act. Hence, the disclosure of related party transactions in Form AOC-2 is not applicable.

The Company has framed a policy on Related Party Transactions and the same has been displayed on the Companys website www.celebritygroup.com.

During the financial year 2025-26, there were no materially significant transactions with the related parties, which were in conflict with the interests of the Company and that require an approval of the Members in terms of the SEBI Listing Regulations.

14. SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE COMPANIES

The Company does not have any subsidiary or associate or joint venture company.

15. CORPORATE GOVERNANCE REPORT AND MANAGEMENT DISCUSSION & ANALYSIS

The Corporate Governance Report and Management Discussion & Analysis which forms part of this report are set out separately along with the Certificate from the Secretarial Auditors of the Company regarding compliance of conditions of Corporate Governance and Certificate from a Company Secretary in practice that none of the directors on the Board of the Company have been debarred or disqualified from being appointed or continuing as directors of companies by the Board/Ministry of Corporate Affairs or any such statutory authority as stipulated in Schedule V read with Regulation 34(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

16. COMPLIANCE WITH CODE OF CONDUCT

The Company has framed a Code of Conduct for all the members of the Board and Senior Management personnel of the Company. The Code of Conduct is available on the Companys website: www.celebritygroup.com.

All members of the Board and senior management personnel have affirmed compliance to the Code as on March 31,2026.

As stipulated under Regulation 34 (3) and Schedule V (D) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 a declaration Signed by Mr. Vidyuth Rajagopal, Managing Director to this effect is annexed to the report on Corporate governance, which forms part of this annual report.

17. CORPORATE SOCIAL RESPONSIBILITY (CSR)

In compliance with the requirements of Section 135 and Schedule VII of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014, as amended, the Board of Directors have adopted a policy on CSR as recommended by the CSR committee duly constituted and the said policy is available on the Companys website www.celebritygroup.com. The composition and terms of reference of the CSR Committee is detailed in the Corporate Governance report forming part of this annual report.

During the Period under review, the provisions of the CSR is not applicable to the Company.

18. PARTICULARS OF REMUNERATION TO DIRECTOR AND EMPLOYEES

The remuneration paid to the directors is in accordance with the Nomination and Remuneration Policy formulated in accordance with Section 178 of the Act and Regulation 19(4) read with Part D of Schedule II of the Listing Regulations (including any statutory modification(s) or re-enactment(s) thereof for the time being in force). Details of the ratio of remuneration to each Director to the median employees remuneration and details of remuneration paid to employees pursuant to Section 197(12) of the Act read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are annexed to this report as "Annexure - 1".

19. ESTABLISHMENT OF VIGIL MECHANISM/ WHISTLE BLOWER POLICY

Pursuant to Section 177 (9) of Companies Act, 2013 and Regulation 22 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Company has a vigil mechanism established, to enable all employees and the directors to report in good faith about any violation of the Policy. The Audit Committee of the Board oversees the functioning of Whistle Blower Policy. The Whistle Blower Policy covering all employees and directors is hosted in the Companys Website www.celebritygroup.com.

20. DIRECTORS AND KEY MANAGERIAL PERSONNEL Composition of Board

As of 31^st March 2026, the Board of Directors of your company comprised of 6 Directors, viz, 2 Executive Directors, 1 Non-Executive Directors, and 3 Independent Directors as detailed below:

S.No Name of the Director	DIN	Designation
1 Mr. Venkatesh Rajagopal	00003625	Non-Executive Director, Chairperson
2 Mrs. Rama Rajagopal	00003565	Whole-Time Director
3 Mr. Vidyuth Vekatesh Rajagopal	07578471	Managing Director
4 Mr. Manoj Mohanka	00128593	Independent Director
5 Mr. Sanjiv Dewan	01160371	Independent Director
6 Mr. Jandhyala Suresh	10664467	Independent Director

Key Managerial Personnel:

In terms of Section 203 of the Act read with Rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the following are the Key Managerial Personnel of the Company as on March 31, 2026:

S.No Name	Designation
1 Mr. Venkataraghavan Samu	Chief Financial Officer
2 Mr. Selvaraj Vivekanandan	Company Secretary & Compliance officer

During the year following Changes took place in Key Managerial Personnel of the Company:

i. Resignation of Mr. H. Narayanarao (Membership No: A47309) from the position of Company Secretary and Compliance officer with effect from 30^th April 2025 after the closure of the business hours due to personnel reasons.

ii. Appointment of Mr. Vivekanandan Selvaraj (Membership No: A75249) as a Company Secretary and Compliance officer of the Company with effect from 29^th July 2025.

Director liable to retire by rotation

In accordance with Section 152 of the Companies Act, 2013, Mr. Venkatesh Rajagopal, (DIN 00003625) Non-Executive Director, is liable to retire by rotation at the ensuing Annual General Meeting (AGM). Being eligible, he offers himself for re-appointment. Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors recommends his reappointment for the consideration of the Members.

21. EMPLOYEE STOCK OPTION PLAN (ESOP)

During the financial year ended 31^st March 2026 there were no pending options to be vested or exercised.

22. DECLARATION OF INDEPENDENT DIRECTORS

The Company has received declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence as prescribed under Section 149(6) of the Companies Act, 2013 and Regulation 16(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and they are independent of the management. The Board of Directors is of the opinion that the Independent Directors of your Company possess requisite qualifications, experience, expertise (including proficiency) and they hold the highest standards of integrity that enables them to discharge their duties as the Independent Directors of your Company. Further, in compliance with Rule 6(1) of the Companies (Appointment and Qualification of Directors) Rules, 2014, all Independent Directors of the Company have registered themselves with the Indian Institute of Corporate Affairs.

23. ANNUAL RETURN

Pursuant to Section 134(3)(a) and Section 92(3) of the Companies Act, 2013 read with Rule 12(1) of the Companies (Management and Administration) Rules, 2014, a copy of the annual return is placed on the website of the Company at www.celebritygroup.com.

24. BOARD MEETINGS

During the year Eight (8) Board Meetings were held on 27^th May 2025, 29^th July

2025, 12^th August 2025, 10^th November 2025, 07^th January 2026, 19^th January

2026, 05^th February 2026 and 21^st March 2026. The interval between any two consecutive meetings did not exceed 120 days, maintaining strict compliance with Section 173(1) of the Companies Act, Regulation 17(2) of the Listing Regulations, and the applicable Secretarial Standards issued by the Institute of Company Secretaries of India. A requisite quorum was present at all meetings. Comprehensive details regarding Board composition, meeting dates, and Director attendance are set forth in the Corporate Governance Report, which forms an integral part of this Annual Report.

25. AUDIT COMMITTEE

Your Company has an Audit Committee pursuant to the requirements of the Act read with Rules framed thereunder and SEBI (LODR) Regulations, 2015. The details are relating to the same are given in the report on Corporate Governance forming part of this Report. During FY 2025-26, the recommendations of Audit Committee were duly accepted by the Board.

26. REMUNERATION OF KEY MANAGERIAL PERSONNEL

The information required pursuant to Section 197 read with Rule 5 (1) of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 in respect of the statement of particulars Appointment and Remuneration of Key Managerial Personnel is forming part of this Report.

The remuneration paid to all Key Managerial Personnel was in accordance with remuneration policy adopted by the Company.

27. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

During the year under review, the Company has not made any investment. Further, the Company has not given any loans or corporate guarantee or provided any security during the year.

28. MATERIAL CHANGES & COMMITMENTS

No material changes and commitments have occurred after the closure of the Financial Year 2025-26 till the date of this Report, which would affect the financial position of the Company.

29. BOARD EVALUATION

The Board has carried out an annual evaluation of its own performance, the directors and also Committees of the Board based on the guidelines formulated by the Nomination & Remuneration Committee under Self-evaluation method. Board composition, quality and timely flow of information, frequency of meetings, and level of participation in discussions were some of the parameters considered during the evaluation process. The Board, upon evaluation, considered that the Board is well balanced and diverse and is commensurate with the business profile and size of the Company. The Board reviewed and noted with satisfaction of its own performance and that of its committees and individual Directors.

30. DISCLOSURE AS PER THE COMPANIES (ACCOUNTS) RULES, 2014

During the year under review, there was no change in the fundamental nature of your Companys business.

The name of Companies which have become or ceased to be its subsidiaries, Joint Ventures, or Associate companies during the financial year: Not Applicable

31. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS

During the year under review, no significant or material orders were issued by regulators, courts, or tribunals against your Company that would affect its going concern status or future operations.

32. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has an Internal Control System, commensurate with the size, scale, and complexity of its operations. To maintain its objectivity and independence, the Internal Audit function reports to the Chairman of the Audit Committee of the Board & to the Chairman & Managing Director. The Internal Auditor monitors and evaluates the efficacy and adequacy of internal control system in the Company, its compliance with operating systems, accounting procedures and policies at all locations of the Company. Based on the report of internal audit function, process owners undertake corrective action in their respective areas and there by strengthen the controls. A report of Auditors pursuant to Section 143(3) (i) of the Companies Act, 2013 certifying the adequacy of Internal Financial Controls is annexed with the Auditors report.

Adequate systems and processes, commensurate with the size of the Company and of its business are put in place to ensure compliance with the provisions of all applicable laws and such systems and processes are operating effectively.

Audit Committee and Board of Directors of the Company were appraised on the performance of the Internal Financial Control.

33. DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY

Pursuant to section 134 (3) (n) of the Companies Act, 2013 the company has framed Risk Management Policy which lays down the framework to define, assess, monitor, and mitigate the business, operational, financial, and other risks associated with the business of the Company. The Company has been addressing various risks impacting the Company in Management Discussion and Analysis Report which forms part of this Annual Report.

During the year under review, the company has not identified any element of risk which may threaten the existence of the company.

34. FAMILIARISATION PROGRAMME FOR INDEPENDENT DIRECTOR

In compliance with the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has put in place a familiarization programme for the Independent Directors to familiarize them with their role, rights and responsibility of the Directors, the working of the Company, nature of the Industry in which the Company operates, business model, etc.. The details of such familiarization programmes for the Independent Directors are disclosed on the website of the Company www.celebritygroup.com.

35. AUDITORS

Statutory Auditors

The Company at its 33^rd Annual General Meeting (AGM) held on 09^th September 2022 reappointed M/s SRSV & Associates, Chartered Accountants, Chennai, having Firm Registration No. 015041S, as Statutory Auditors of the Company to hold office, for the second term of five consecutive years from the conclusion of 33^rd AGM till the conclusion of 38^th AGM, at such remuneration in addition to applicable taxes, out of pocket expenses, travelling and other expenses as may be mutually agreed between the Board of Directors of the Company and the Auditors.

The Auditors have confirmed their eligibility and qualification as required under the Act and Listing Regulations for holding the office as Statutory Auditors of your Company.

The Auditors Report on the Financial Statements does not contain any qualification, reservation, or adverse remark on the Financial Statements for the Financial Year ended March 31,2026. The Notes on Financial Statements referred to in the Auditors Report are self-explanatory and do not call for any further comments.

Secretarial Auditors

Pursuant to the provisions of Section 204 of the Act and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, M/s. BP & Associates Practicing Company Secretaries, (Firm Registration No: P2015TN040200) (Peer Review No:7014/2025) were appointed as the Secretarial Auditors by the members in the 36^th Annual General Meeting held on 29^th September 2025 for a term of up to 5 (Five) consecutive years, to hold office from the conclusion of the 36^th AGM till the conclusion of 41^st AGM of the Company to be held in the Calendar Year 2030.

The Secretarial Audit Report for the financial year ended 31^st March 2026 issued in Form MR-3 pursuant to the Act is annexed to this Report as "Annexure - 2". The said report does not contain any qualifications or observations.

Internal Auditors

Pursuant to Section 138 of the Companies Act 2013 read with rule 13 of The Companies (Accounts) Rules, 2014 and all other applicable provisions (including any amendment thereto) if any of the Companies Act, 2013 and as recommended by the audit committee M/s. R V K S & Associates, Chartered Accountants, Chennai were re-appointed as the Internal Auditors of the company for the Financial Year 2025-2026.

The audit conducted by the Internal Auditors is based on an internal audit plan, which is reviewed each quarter in consultation with the Audit Committee. These audits are based on risk-based methodology and inter alia involve the review of internal controls and governance processes, adherence to management policies and review of statutory compliances. The Internal Auditors share their findings on an ongoing basis during the financial year for corrective action. The Audit Committee oversees the work of Internal Auditors.

Cost records and cost audit

Maintenance of cost records and requirement of cost audit as prescribed under the provisions of Section 148(1) of the Companies Act, 2013 are not applicable for the business activity carried out by the Company.

36. REPORTING OF FRAUDS BY AUDITORS

During the year under review, the Statutory Auditors and Secretarial Auditors have not reported any instances of frauds committed in the Company by its Officers or Employees, to the Audit Committee under Section 143(12) of the Act, details of which needs to be mentioned in this Report.

37. LISTING

The Equity Shares of your Company are listed on the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). The applicable annual listing fees have been paid to the Stock Exchanges before the due dates. The Equity Shares of your Company were not suspended from trading on BSE and NSE at any point of time during the Financial Year 2025-2026.

38. DISCLOSURE UNDER SECTION 67 (3) (C) OF THE COMPANIES ACT, 2013

No disclosure is required under section 67 (3) (c) of the Companies Act, 2013 read with Rule 16(4) of Companies (Share Capital and Debentures) Rules, 2014, in respect of voting rights not exercised directly by the employees of the Company as the provisions of the said section are not applicable.

39. INVESTOR EDUCATION AND PROTECTION FUND (IEPF)

During the financial year 2025-2026, no unpaid or unclaimed dividend was required to be transferred to IEPF.

40. DISCLOSURE AS REQUIRED UNDER SEXUAL HARASSMENT OF WOMEN AT WORK PLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT 2013.

The Company has in place an Anti-Sexual Harassment Policy in line with the requirements of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition and Redressal) Act, 2013. Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy.

The following is a summary of the complaints received and disposed of during the financial year under review:

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

b) number of complaints disposed off during the year - NA

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

41. DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Companies Act, 2013, the Directors, to the best of their knowledge and ability, confirm that:-

a) in the preparation of the annual accounts for the financial year ended 31^st March 2026 the applicable accounting standards read with requirements set out under Schedule III to the Act had been followed and there are no material departures from the same;

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 as at 31^st March 2026 and of the Loss of the Company for the year ended on that date;

c) the Directors have taken proper and sufficient care 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;

d) the Directors have prepared the annual accounts on a going concern basis;

e) the Directors have laid down adequate internal financial controls, which are adequate and are 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.

42. CREDIT RATING

The ratings for the Companys borrowing are available in the Corporate Governance Report.

43. CONSERVATION OF ENERGY / TECHNOLOGY ABSORPTION / FOREIGN EXCHANGE

A. Conservation of Energy:

The operations of the Company are not energy - intensive. However, wherever possible, the Company strives to curtail the consumption of energy on a continuing basis.

B. Technology absorption: Not applicable.

C. Foreign Exchange Earnings and Outgo :

a. Total Foreign exchange earned (FOB Value) : C 160.27 Crs

b. Total Foreign exchange outgo : C 11.79 Crs

44. HUMAN RESOURCES AND EMPLOYEE RELATIONS

The Board of Directors commends the continued dedication of all its employees. Details of Human Resources and Employee Relations and matters incidental there to are provided in the Management Discussion and Analysis Report.

45. SECRETARIAL STANDARDS

The applicable Secretarial Standards, i.e. SS-1 and SS-2, relating to ‘Meetings of the Board of Directors and ‘General Meetings respectively, have been duly complied by the Company.

46. DISCLOSURE AS REQUIRED UNDER THE MATERNITY BENEFIT ACT, 1961/CODE ON SOCIAL SECURITY, 2020

In terms of Rule 8(5)(xiii) of the Companies (Accounts) Rules, 2014, as introduced by the Companies (Accounts) Second Amendment Rules, 2025, the Board of Directors hereby confirms that during the financial year ended March 31, 2026, the Company has complied with all applicable provisions of the Maternity Benefit Act, 1961, as subsumed and consolidated under Chapter VI of the Code on Social Security, 2020, and the rules framed thereunder, as amended from time to time.

47. PREVENTION OF INSIDER TRADING

Your Company has adopted a code of conduct for prevention of "Insider Trading" as mandated by the SEBI and same is available on the website of the Company: www.celebritgygroup.com. Your Companys Audit Committee monitors implementation of said Policy.

48. OTHER DISCLOSURES

Your Directors state that no disclosure or reporting is required in respect of the following matters as there were no transactions on these matters during the year under review:

• Issue of equity shares with differential rights as to dividend, voting or otherwise.

• Issue of shares (including sweat equity shares) to employees of the Company under any scheme save and except Employees Stock Options Schemes referred to in this Report.

• the Whole-time Directors of the Company receive any remuneration or commission from any of its subsidiaries.

• No instances of frauds reported by Auditors under Section 143 (12) of the Act.

• There are no proceeding pending under the Insolvency and Bankruptcy Code, 2016.

• There was no instance of one time settlement with any Bank or Financial Institution.

49. ACKNOWLEDGEMENT

We wish to place on record our sincere appreciation for the support received from various Central and State Government Departments, organizations, and agencies. We would also like to acknowledge all stakeholders of the Company, viz., Shareholders, customers, dealers, vendors, banks, and other business partners for excellent support received from them during the Financial Year under review. We also express appreciation to all the employees of the Company for their commitment and continued contribution to the growth of the Company.

	For and on behalf of the Board
	Venkatesh Rajagopal
Place : Chennai	Chairman
Date : 01st August 2026	(DIN: 00003625)