Cindrella Financial Services Ltd Directors Report

To

The Members

Your Directors hereby present the 32nd Annual Report together with the Audited Accounts of the Company for the year ended 31st March, 2026.

FINANCIAL SUMMARY OR PERFORMANCE OF THE COMPANY (STANDALONE)

PARTICULARS	YEAR ENDED 31.03.2026	YEAR ENDED 31.03.2025
	(Rs. in Lacs)	(Rs. in Lacs)
Revenue from operations	20.45	27.77
Other Income	(2.13)	3.77
Total Revenue from operations	18.32	31.54
Profit/(Loss) before Financial Expenses, Depreciation and Taxation	3.06	16.77
Less: Financial expenses	-	-
Operating profit/(loss) before Depreciation & Taxation	3.06	16.77
Less: Depreciation & Amortization expenses	0.00	0.00
Profit before Tax	3.06	16.77
Less: Tax expenses - Current tax	1.32	6.41
Deferred Tax Assets (Net)	0.00	1.72
Profit after Taxation	1.74	12.93
FINANCIAL SUMMARY (CONSOLIDATED)
PARTICULARS	YEAR ENDED 31.03.2026	YEAR ENDED 31.03.2025
	(Rs. in Lacs)	(Rs. in Lacs)
Revenue from Operations	20.45	27.77
Other Income	(2.13)	3.77
Total Income	18.32	31.54
Profit before Financial Expenses, Depreciation and Taxation	3.06	16.77
Less: Financial expenses	-	-
Operating profit before Depreciation & Taxation	3.06	16.77
Less: Depreciation & Amortisation expenses	0.00	0.00
Profit before Tax	3.06	16.77
Less: Tax expenses - Current tax	1.32	6.41
Deferred Tax Assets (Net)	0.00	1.72
Profit / (Loss) after Taxation	1.74	12.93
Add: Share of net Profit / (Loss) from associate	5.95	6.34
Profit / (Loss) for the period	7.69	19.27

OPERATIONS

Standalone: The Companys total revenue is Rs. 18.32 lacs for the year ended March 31, 2026 as compared to Rs. 31.54 lacs for the year ended March 31, 2025.

Consolidated: After addition of share of current years profit of the associate company Cindrella Hotels Ltd, your company has reported total profit of Rs. 7.69 lacs for the period under review (standalone PAT Rs. 1.74 lacs).

DIVIDEND

In view of the lower profits achieved by the Company during the financial year under review, the Board of Directors has decided not to recommend any dividend for the Financial Year ended March 31, 2026.

TRANSFER TO GENERAL RESERVE

No transfers to reserves were done, as no appropriations were made during the Financial Year under review.

CHANGE IN NATURE OF BUSINESS

There is no change in the nature of the business during the year under review.

MATERIAL CHANGES AND COMMITMENTS

No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which these financial statements relate and the date of this report.

MEETINGS OF THE BOARD OF DIRECTORS

The Board of Directors met during the year under review as follows:

Date	No. of Directors present
30/05/2025	4
13/08/2025	4
10/11/2025	4
13/02/2026	4

INDEPENDENT DIRECTORS MEETING

During the year under review, the Independent Directors met on 13th August, 2025 and 13th February, 2026.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186

There was no loan, guarantee or investment made by the Company which attracted the provisions of Section 186 of the Companies Act, 2013 during the year under review.

RELATED PARTY TRANSACTIONS

All the related party transactions entered into during the financial year were at arms length basis and were in the ordinary course of business. There is no conflict of interest and none of these transactions have any possibility of being detrimental to the interests of the Company. Your Company had not entered into any transactions with related parties which are specified under clauses (a) to (g) of Section 188(1) of the Companies Act, 2013 or could be considered material in terms of Section 188 of the Companies Act, 2013. Accordingly, the disclosure of related party transactions as required under Section 134(3)(h) of the Companies Act, 2013 in Form AOC-2 is not applicable.

RISK MANAGEMENT POLICY

As per Regulation 15(2) of Chapter IV of SEBI (LODR) Regulations, 2015 the requirements regarding Risk Management Committee / Policy do not apply to your Company. However, the Directors oversee these matters.

CORPORATE SOCIAL RESPONSIBILITY

Your Company has not developed and implemented any Corporate Social Responsibility initiatives as the said provisions are not applicable.

MANAGEMENT DISCUSSION AND ANALYSIS AND CORPORATE GOVERNANCE REPORT

The Management Discussion and Analysis is provided later and forms part of this Annual Report.

As per Regulation 15(2) of Chapter IV of SEBI (LODR) Regulations, 2015 the requirements regarding disclosures with respect to Corporate Governance and related certificates do not apply to your Company. However, a separate report on Corporate Governance is furnished pursuant to the Companys desire to continue to follow proper Corporate Governance policies.

FRAUD REPORTING

There have been no frauds reported to the Board of Directors during the year.

AUDITORS AND SECRETARIAL AUDITORS REMARKS

There was no qualification, reservation or adverse remark made by the Statutory Auditors and/or the Secretarial Auditor in their respective reports.

POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION

The Nomination and Remuneration Committee of the Company constituted as per provisions of Section 178(1) of the Companies Act, 2013 oversees matters relating to the same.

EXTRACT OF ANNUAL RETURN

Pursuant to Section 92(3) read with Section 134(3)(a) of the Companies Act, 2013, the Annual Return as on 31st March 2026 shall be available at the Companys website at http://www.cindrellafinancialservicesltd.com.

DIRECTORS & KEY MANAGERIAL PERSONNEL

During the year under review, in accordance with the provisions of section 152(5) of the Companies Act, 2013 read with the Articles of Association of the company, Shri Vivek Baid (DIN 00437542) is liable to retire by rotation and being eligible has offered himself for re-appointment.

As per Regulation 15(2) of Chapter IV of SEBI (LODR) Regulations, 2015, certain provisions regarding Board composition and Committees do not apply to your Company. However, the Company complies with the provisions of the Companies Act, 2013 in this regard.

DECLARATION OF INDEPENDENCE

The Independent Directors have given declarations to the Company regarding fulfillment of criteria of independence as required under the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The companys internal control systems are commensurate with the nature of its business and the operations.

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

The Company does not have any Subsidiaries and Joint Ventures. Cindrella Hotels Limited is an Associate Company.

AUDITORS

The Statutory Auditors of the Company M/s Agarwal Mahesh Kumar & Co., Chartered Accountants (FRN: 319154E) who were appointed at the AGM held in 2022 for a term of 5 years to hold office up to the conclusion of the Annual General Meeting for the year ended 31.03.2027 shall continue in office as Statutory Auditors of the Company.

The notes on account referred to in the Auditors Report are self-explanatory and therefore do not call for any further comments u/s 134 of the Companies Act, 2013.

AUDIT COMMITTEE AND VIGIL MECHANISM

The particulars in respect of the above are included in the Corporate Governance Report, furnished below.

SECRETARIAL AUDITOR

Sri Somnath Ganguly, Company Secretary in Whole-time Practice (ACS: 12702 / COP NO.: 4663; PEER REVIEW CERT NO.: 3972/2023) who was appointed as the Secretarial Auditor of the Company for a period of 5 years commencing from the financial year 01.04.2025 up to 31.03.2030, under the provisions of section 204 of the Companies Act, 2013 and the Rules made thereunder, shall continue in office. The report of the Secretarial Auditor is attached to and forms part of this report.

SECRETARIAL STANDARDS

During the year under review, the Company has complied with applicable Secretarial Standards.

PARTICULARS OF EMPLOYEES

In terms of Section 197(12) of the Act read with Rules 5(2) and 5(3) of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014, none of the employees are in receipt of remuneration in excess of the limits specified. Disclosures under Section 197(12) read with Rule 5(1) are enclosed with this report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE

The provisions of Section 134(3)(m) of the Companies Act, 2013 do not apply to our Company. There was no foreign exchange inflow or outflow during the year under review.

GENERAL

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

• Details relating to deposits covered under Chapter V of the Act.

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

• Issue of shares (including sweat equity shares) to employees under any scheme and ESOS.

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

PREVENTION OF SEXUAL HARASSMENT AT WORKPLACE

Your Directors further state that during the year under review there were no complaints related to sexual harassment received by its Internal Complaints Committee, constituted pursuant to the requirements of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to the requirements under Section 134(5) of the Companies Act, 2013, it is hereby confirmed that:

(i) in the preparation of the annual accounts for the financial year ended March 31, 2026, the applicable Accounting Standards have been followed along with proper explanations relating to material departures;

(ii) the directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2026 and of the profit or loss of the Company for the said period;

(iii) the directors had 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;

(iv) the directors had prepared the annual accounts for the financial year ended March 31, 2026 on a "going concern" basis;

(v) they have laid down internal financial controls in the company that are adequate and were operating effectively; and

(vi) they have devised proper systems to ensure compliance with the provisions of all applicable laws and these are adequate and are operating effectively.

ACKNOWLEDGEMENT

Your Directors acknowledge the co-operation extended by the various Government Authorities, Bankers, Business Associates, Members and Guests. Your Directors also place on record their sincere appreciation of the services rendered by the employees at all levels.

For & on behalf of the Board	Sri Vivek Baid
Smt. Venus Baid	Director
Managing Director	(DIN-00437542)
(DIN 05172764)
Place: Siliguri
Dated: 28th August 2026
Registered Office: 9, Mangoe Lane, 3rd Floor, Kolkata - 700 001