Confidence Futuristic Energetech Ltd Directors Report

To, The Members,

Confidence Futuristic Energetech Limited

The Board of Directors takes pleasure in presenting its 40^th Boards Report on the performance of Confidence Futuristic Energetech Limited (CFEL) for the year ended 31st March 2025 along with the Audited Standalone and Consolidated Financial Statements.

1. FINANCIAL PERFORMANCE OF THE COMPANY (STANDALONE AND CONSOLIDATED)

The performance of the Company for the financial year ended 2024-25 is summarized below: (Rs. In Lakhs)

Particulars	STANDALONE		CONSOLIDATED
	2024-25	2023-24	2024-25	2023-24
Net Revenue from operations	660.02	505.93	24,937.94	17590.31
Add: Other Income	510.18	392.10	630.33	273.36
Less: Expenditure	668.27	514.47	22,653.17	15140.21
Operating Profit (PBIDT)	501.93	383.56	2,915.1	2723.46
Less: Interest & Financial	94.31	7.53	1,050.00	649.48
Charges
Less: Depreciation	11.44	14.44	932.75	1072.00
Profit Before Tax & Exceptional Item	396.18	361.59	932.35	1001.98
Less: Exceptional Item	-	-	-	-
Less: Extraordinary Item	-	-	-	-
Profit Before Tax	396.18	361.59	932.35	1001.98
Less: Provision for Taxation:
1) Current Tax	110.58	93.92	235.40	256.31
2) Deferred Tax	(2.04)	(1.69)	(26.14)	(46.30)
Tax adjustment for earlier year	6.00	13.27	(54.79)	17.07
Profit after Tax	281.65	256.09	777.90	774.91
Earnings Per Share (EPS) (Both Basic and Diluted)	1.13	1.02	4.14	3.44

2. PERFORMANCE HIGHLIGHTS (STANDALONE & CONSOLIDATED)

On a Standalone basis, the Operating Revenue stood at 660.02 Lakhs in FY 2024-25 compared to

505.93 Lakhs in previous year i.e. FY 2023-24. The profit after Tax in FY 2024-25 was at 281.65 lakhs as compared to a Profit of 256.09 Lakhs the previous year. The Operating Revenue of the company increased by 30.69% and PAT increased by 9.76%.

On Consolidated basis, the Operating Revenue stood at 24,937.94 Lakhs in FY 2024-25 compared to

17590.31 Lakhs in previous year i.e. FY 2023-24. The profit after tax in FY 2023-24 was at 932.35 Lakhs as compared to a Profit of 1001.98 Lakhs in the previous year FY 2023-24. The Operating Revenue of the company increased by 41.76 % and PAT increased by 3.85%.

Confidence Futuristic Energetech Limited, a key player in the LPG and CNG sector, is excited to announce its expansion into the fast-growing market of Green Hydrogen, Nitrogen, and CNG Type-4 cylinder manufacturing through Silversky Exim Pvt. Ltd., a subsidiary of Confidence Futuristic Energetech Ltd., which in turn is part of Confidence Petroleum India Limited. As the global energy landscape shifts toward sustainable solutions, the Confidence Group is dedicated to supporting the transition to a cleaner, greener future. With a strong emphasis on innovation and environmental stewardship, the company aims to transform the Hydrogen, Nitrogen, and CNG storage industry by manufacturing advanced Type-4 cylinders and tapping into the vast potential of green hydrogen.

3. STATE OF COMPANYS AFFAIRS

The company, along with its subsidiary entities, is actively engaged in the manufacturing and supply of high-pressure CNG cylinders, LPG cylinders, CNG cascades, medical oxygen cylinders, and seamless steel gas cylinders for industrial gases. It offers a wide range of onboard CNG cylinder sizes at competitive prices, making CNG a more affordable and accessible option for consumers transitioning to cleaner fuel alternatives.

4. RESERVES

The Company has not transferred any amount to the Reserves for the year ended 31st March 2025.

5. DIVIDEND

The Board of Directors has recommended a Final Dividend of Rs. 0.25/- i.e. 5% per Equity Share of Rs. 5/- each fully paid-up for the Financial Year ended on March 31st, 2025. Dividend is subject to approval of members at the ensuing annual general meeting and shall be subject to deduction of income tax at source.

The Board of the Company has adopted a Dividend Distribution Policy in accordance with Regulation 43A of the SEBI Listing Regulations. This policy outlines the guiding principles for determining the amount of profit to be distributed as dividends to equity shareholders, while also ensuring an appropriate balance between dividend payouts and retained earnings to support the Companys future growth requirements.

As per the policy, the dividend payout is based on the Companys performance, availability of financial resources, investment needs, and a focus on maximizing shareholder returns, along with consideration of various internal and external factors.

6. SHARE CAPITAL

During the year under review there was no change in the share capital of the company.

The paid-up share capital of the Company as on 31 March 2025 was 125100000/- divided into 2,50,20,000 equity shares of the face value of 5/- each. There was no change in the paid-up share capital of the company during the financial year under review. The company has passed Special Resolution vide Extra-ordinary General Meeting held on dated 28^th January, 2025 to issue 36,41,000 Equity Shares of INR 5/- each on preferential basis/private placement to others. The application for In-Principal approval were duly made to Bombay Stock Exchange.

7. MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY

There have been no material changes or commitments that could affect the financial position of the Company between the end of the financial year to which the financial statements pertain and the date of this Report. Additionally, there has been no change in the nature of the Companys business.

8. COMPANYS BORROWING

During the year under review, in accordance with Sections 180(1)(a), 180(1)(c), and other applicable provisions of the Companies Act, 2013, the Company obtained the consent of its members at the Annual General Meeting held on September 30, 2023, to borrow funds exceeding the aggregate of its paid-up share capital and free reserves. However, the total borrowings outstanding at any given time, excluding temporary loans obtained in the ordinary course of business, shall not exceed 200 Crores.

9. RISK MANAGEMENT

In accordance with Regulation 21 of the SEBI Listing Regulations, the Company has constituted a Risk Management Committee, the details of which are provided in the Corporate Governance Report forming part of this Annual Report. The Company has implemented a robust Risk Management Framework. While the overall responsibility for risk management lies with the Board of Directors, the monitoring and review of risks associated with the Company have been delegated to the Risk Management Committee. The Company manages Credit Risk, Market Risk, Liquidity Risk, Operational Risk, and various other risks through its Group Enterprise-wide Risk Management framework, supported by comprehensive policies and processes.

10. INTERNAL CONTROL SYSTEMS

The Company maintains a robust internal control system, including Internal Financial Controls over Financial Reporting, designed to ensure efficiency, accuracy, and completeness of accounting records, as well as the timely preparation of reliable financial and management information. This system ensures compliance with applicable laws and regulations, promotes optimal resource utilization, and safeguards the Companys assets and shareholders interests. Furthermore, the Company has established a well-defined organizational structure, clearly documented decision-making authorities, and comprehensive manuals and operating procedures across its business units and service entities to ensure the orderly and efficient conduct of its operations. During the year under review, no material or serious observations were observed for inefficiency or inadequacy of such controls.

11. VIGIL MECHANISM

In compliance with Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014, read with Section 177(9) of the Companies Act, and Regulation 22 of the Listing Regulations (as amended from time to time), the Company has established a Vigil Mechanism/Whistle Blower Policy ("Policy"). This Policy empowers Directors and employees to report genuine concerns or grievances, significant deviations from key management policies, and instances of non-compliance or misconduct such as unethical behavior, fraud, legal violations, or inappropriate conduct.

The mechanism enables reporting of genuine concerns regarding unethical or improper activities without fear of retaliation. It includes adequate safeguards to protect whistleblowers from victimization and allows for direct access to the Chairman of the Audit Committee in exceptional cases.

The Audit Committee periodically reviews the functioning of the Vigil Mechanism. To date, no Director or employee has been denied access to the Audit Committee of the Board.

The objective of this mechanism is to maintain a redressal system that can process all complaints concerning questionable accounting practices, internal controls, or fraudulent reporting of financial information.

The Policy formulated by the Company complies with the requirements of the Act and the Listing

Regulations and is accessible on the Companys website.

12. HUMAN RESOURCES

Your Company adheres to a policy of developing strong teams comprised of talented professionals. It continues to enhance its capabilities in attracting the right talent to support diverse products and geographies, while also implementing effective measures to retain this talent. The Company has fostered an open, transparent, and merit-based culture to nurture this valuable asset.

The Company acknowledges its people as its most valuable asset and maintains a strong focus on employee engagement. The Human Resources function is aligned with the Companys size, nature, and operational requirements.

13. COMPLIANCE

The Company has complied, and continues to comply, with all applicable regulations, circulars, and guidelines issued by the Ministry of Corporate Affairs (MCA), Stock Exchange(s), Securities and Exchange Board of India (SEBI), and other relevant authorities.

The Company has complied with the applicable provisions of the Companies Act, 2013, the Listing Agreement with Stock Exchanges, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other relevant rules, regulations, and guidelines issued from time to time.

14. DEPOSITS

During the year under review, the Company did not accept any deposits from the public under Section 73 of the Companies Act, 2013, and the rules framed thereunder. Additionally, there are no unclaimed or unpaid deposits held by the Company.

15. APPOINTMENT/RE-APPOINTMENT

During the year, Mrs. Vandana Gupta (DIN: 00013488) resigned from her position as an Independent Director of the Company. Subsequently, Ms. Mansi Manoj Deogirkar (DIN: 07269038), based on the recommendation of the Nomination and Remuneration Committee, was appointed as an Additional

Director in the capacity of a Non-Executive Independent Director and appointed as Women Independent Director for the period of 5 Years w.e.f. 30^th September, 2024 . This appointment was made by the Board of Directors in accordance with the Articles of Association, Sections 149(6), 161, and Schedule IV of the Companies Act, 2013 ("the Act"), as well as Regulation 16(1)(b) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

She has given her consent to the proposed appointment and has been declared qualified. She possesses the necessary knowledge, experience, and skills required for the position of Independent Director in accordance with the criteria set forth under the Act and the applicable rules and regulations.

Based on the recommendation of the Nomination and Remuneration Committee and considering her knowledge, skills, and invaluable expertise in the Companys industry, it was proposed to appoint Mrs.

Mansi Manoj Deogirkar as a Non-Executive Independent Director of the Company under Section 149 read with Section 152 of the Companies Act, 2013. Her appointment was subsequently confirmed by the shareholders through the approval of the resolution at the 40th Annual General Meeting.

16. RE-APPOINTMENT OF DIRECTOR RETIRING BY ROTATION

Appointed a director in place of Mr. Sarvesh Khara (DIN: 06938709) who retires by rotation, and being eligible, offers himself for re-appointment.

17. BOARD EVALUATION

In accordance with the provisions of the Act and Regulation 17 of the Listing Regulations, the Board has conducted an annual performance evaluation of its own functioning, its statutory committees including the Audit Committee, Stakeholder Relationship Committee, Nomination and Remuneration Committee, Corporate Social Responsibility Committee, and Risk Management Committee as well as the individual Directors. The methodology adopted for this evaluation is detailed in the Corporate Governance Report.

The Board evaluation process was completed during financial year 2024-25. The evaluation parameters and the process have been explained in the corporate governance report.

The Board conducted the performance evaluation of the Individual Directors, Board Committees, Board as a whole and the Chairman of the Board in accordance with the provisions of the Act and the SEBI Listing Regulations. The NRC of the Board approves the criteria and the mechanism for carrying out the said performance evaluation process. Accordingly, the NRC approved the assessment questionnaire designed for the annual performance evaluation which broadly covered the following criteria:

i. Board - Competencies, composition and structure, board dynamics, process and procedure, functioning, oversight of committee composition and functioning and ethics and compliance

ii. Committees - Composition and quality, process and procedure, terms of reference and effectiveness in terms of respective roles assigned to the Committees

The Chairmans key focus areas include understanding of the role, commitment, teamwork qualities, effective utilization of domain expertise, and clear communication. Additional important parameters encompass efficient leadership, sound decision-making, professionalism, impartiality, dedication of adequate time, and the ability to facilitate productive discussions.

iii. Individual Directors - Understanding of role, commitment, effective contribution, independent view to decision making, utilization of domain expertise, etc. The aforesaid questionnaire was circulated to all the Directors of the Company for the annual performance evaluation.

The Board assessed the effectiveness of its own functioning, as well as that of its Committees and individual Directors, through the annual Board Evaluation Process. To ensure an impartial evaluation, the Company engaged an independent external professional services firm to provide a report on the Board Evaluation, based on the feedback received from the Directors. The Directors observed that the results of the performance evaluation of the Board, its Committees, the Chairman, and individual Directors reflected a high level of satisfaction among the Directors. One suggestion raised was to place greater emphasis on customer centricity. The Company has accepted this suggestion, which emerged from the Board evaluation. The progress on implementing this suggestion will be reviewed and reported to the Board. Additionally, the Company has taken the necessary steps to address the recommendations arising from the Board performance evaluation for FY 2024-25.

PARTICULAR OF EMPLOYEES AND RELATED DISCLOSURES

The information required under Section 197(12) of the Companies Act, 2013 read with rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are given below: The ratio of the remuneration of each Director to the median remuneration of the employees of the Company for the financial year:

Directors	Ratio to median remuneration#
MANSI DEOGIRKAR	NA
SUMANT JAYANTILAL SUTARIA	NA
NITIN PUNAMCHAND KHARA	NA
SANJAY RAMRAO NAPHADE	NA
SARVESH ELESH KHARA	NA
VAIBHAV PRADEEP DEDHIA	NA

# No Remuneration was paid to Directors during the year under review except sitting fees.

*The expression" median" means the numerical value separating the higher half of a population from the lower half and the median of a finite list of numbers may be found by arranging all the observations from lowest value to highest value and picking the middle one. i) The percentage increase in remuneration of each Director, Chief Executive Officer, Chief Financial Officer, Company Secretary or Manager, if any, in the Financial Year: Nil

ii) The percentage increase in the median remuneration of employees in the Financial Year: Nil

iii) The number of Permanent employees on the rolls of the Company: Nil iv) Average percentiles 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: There was no remuneration paid to employees. Hence, the comparison between the two cannot be made.

v) The key parameters for any variable component of remuneration availed by the Directors: Nil

vi) Affirmation that the remuneration is as per the remuneration policy of the Company: It is hereby affirmed that the remuneration paid during the year is as per the Remuneration Policy of the Company.

18. DISCLOSURE UNDER RULE 5(2) & (3) OF THE COMPANIES (APPOINTMENT AND REMUNERATION )F MANAGERIAL PERSONNEL) RULES, 2014

A. Details of top ten employees in terms of remuneration drawn: NIL

B. Details of other employees under aforesaid Rules: Nil

19. DIRECTORS APPOINTMENT AND REMUNERATION POLICY FOR THE DIRECTORS, KEY

MANAGERIAL PERSONNEL AND OTHER EMPLOYEES

The Companys policy on the appointment and remuneration of Directors, which includes criteria for determining qualifications, positive attributes, independence of a Director, and other matters outlined under sub-section (3) of Section 178 of the Companies Act, 2013, has been adopted by the Board. The Company has adopted a comprehensive policy on the Nomination and Remuneration of Directors on the Board. According to this policy, candidates proposed for appointment as Directors are first reviewed by the Nomination and Remuneration Committee in a duly convened meeting. The Committee is responsible for formulating criteria to determine the qualifications, positive attributes, and independence of a Director, and for recommending a remuneration policy for the Directors, Key Managerial Personnel, and other employees to the Board. The Nomination and Remuneration Committee shall ensure that

a) The level and composition of remuneration is reasonable and sufficient to attract, retain and motivate Directors of the quality required to run the Company successfully.

b) Relationship of remuneration to performance is clear and meets appropriate performance benchmarks; and

c) Remuneration to Directors and senior management involves a balance between fixed and incentive pay reflecting short and long-term performance objectives appropriate to the working of the Company and its goals.

During the year under review, none of the Directors of the Company receive any remuneration.

The information required under Section 197 of the Companies Act, 2013, read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, concerning the Directors and employees of the Company, is provided in the "Annexure-" to this report and is also available on the

Companys website.

20. STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTOR OF THE COMPANY

All Independent Directors have been duly appointed to the Board in compliance with the Companies Act, 2013. The Company has received declarations from each Independent Director confirming that they meet the criteria of independence as specified under sub-section (6) of Section 149 of the Act.

21. SEPARATE MEETING OF INDEPENDENT DIRECTORS

In compliance with the provisions of the Companies Act, 2013, along with the rules made thereunder, a separate meeting of the Independent Directors was held to evaluate the performance of Non-Independent Directors, the Board as a whole, and its committees. The views of the Directors and Non-Executive Directors were taken into account during this evaluation. The outcomes were then discussed in the subsequent Board meeting, where the performance of the Board, its committees, and individual Directors was reviewed.

22. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE U/S 186

During the year under review, all related party transactions entered into by the Company were approved by the Audit Committee and were conducted at arms length and in the ordinary course of business. Prior omnibus approval was obtained for related party transactions of a repetitive nature, provided they were in the ordinary course of business and on arms length terms. Any material related party transactions and their subsequent modifications were entered into only after obtaining approval from the Companys shareholders. In accordance with Section 186 of the Companies Act, 2013, and Schedule V of the Listing Regulations, details regarding Loans, Guarantees, and Investments are provided as part of the financial statements.

23. PARTICULARS OF CONTRACT OR ARRANGEMENT WITH RELATED PARTIES U/S 188

The Audit Committee and the Board of Directors have approved the Related Party Transactions Policy. All related party transactions entered into during the financial year were conducted in the ordinary course of business and on an arms length basis. The Company did not engage in any materially significant related party transactions with Promoters, Directors, Key Managerial Personnel, or other parties that could potentially conflict with the interests of the Company.

Form AOC-2 is annexed to this report.

24 MEETINGS

The agenda and notice for the meetings are prepared and circulated in advance to the Directors. The Board of Directors met fourteen (14) times during the year, with the necessary quorum present at each meeting. The interval between any two meetings did not exceed one hundred and twenty days, in compliance with the provisions of the Companies Act, 2013.

25. COMPOSITION/COMMITTEES OF THE BOARD

The Committees of the Board focus on certain specific areas and make informed decisions in line with the delegated authority. The following statutory Committees and other committee constituted by the Board function according to their respective roles and defined scope:

Audit Committee of Directors

Nomination and Remuneration Committee

Corporate Social Responsibility Committee

Stakeholders Relationship Committee

Risk Management Committee

Management Committee

Details regarding the composition, terms of reference, and the number of meetings held by each committee are provided in the Report on Corporate Governance, which forms part of this report. Additionally, during the year under review, all recommendations made by the Audit Committee were accepted by the Board.

26. AUDIT AND AUDIT REPORTS

A. APPOINTMENT OF STATUTORY AUDITORS

The company has appointed M/s Kamdar & Daga, Nagpur ( FRN 132239W) as Joint Statutory Auditor of the company in board meeting held on 06^th September, 2025 subject to the approval of Shareholder in ensuing Annual General Meeting.

B. STATUTORY AUDITORS REPORT

The Statutory Auditors of the Company have issued an unmodified audit report for the financial year 2024-25, which is annexed to this report. Therefore, no further comments are required.

C. SECRETARIAL AUDIT

In accordance with Section 204 of the Companies Act, 2013, and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board of Directors has appointed Mr. Siddharth Sipani, Practicing Company Secretary, Nagpur, to conduct the Secretarial Audit for the Company for the financial year 2024-25, including the Secretarial Audit of its material subsidiaries, Sarju Impex Ltd. and Confidence Enterprises Private Limited. The Secretarial Audit Reports are annexed to this report. The company has appointed M/s Siddharth Sipani & Associates ( CP NO. 11193 and Peer Review No-1789/2022) as Secretarial Auditor of the company in board meeting held on 06^th September, 2025 subject to the approval of Shareholder in ensuing Annual General Meeting for the Period of 5 Years.

Secretarial Auditors Report

The Secretarial Audit Report confirms that the Company has complied with all applicable provisions of the Companies Act, Secretarial Standards, the Depositories Act, 2018, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and all other regulations and guidelines issued by SEBI that are applicable to the Company. Report of Secretarial Auditor on Companys Secretarial Audit for the Financial Year 2024-25 is enclosed herewith as Annexure to this Report. Pursuant to the Secretarial audit, the report is self-explanatory and does not require for comment.

D. INTERNAL AUDITORS

In compliance with Section 138 of the Companies Act, 2013, which mandates the appointment of an Internal Auditor, the Company has established an in-house Internal Audit team, aligned with the size and scale of its business operations.

27. REPORTING OF FRAUDS BY AUDITORS

The Auditors in their report for the year have not reported any instance of fraud committed by the officers/employees of the Company.

28. ANNUAL RETURN

In accordance with Section 92(3) of the Companies Act, 2013, the Annual Return of the Company for the financial year 2024-25 is available on the Companys website at the following link: www.cfel.co.in The Extracts of Annual Return of the Company as on 31st March 2025 is available on the website of the Company at www.cfel.co.in.

29. COMPLIANCE WITH SECRETARIAL STANDARDS

During the year under review, the Company has complied with all applicable provisions of Secretarial Standard-1 and Secretarial Standard-2, as issued by the Institute of Company Secretaries of India (ICSI).

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

In light of the nature of the Companys activities, the provisions of Section 134(3)(m) of the Companies Act, 2013, read with Rule 8(3) of the Companies (Accounts) Rules, 2014, pertaining to conservation of energy and technology absorption, are not applicable. However, the Company continues to make efforts towards energy conservation, environmental protection, and ensuring safety. During the year under review, the Company had no earnings or expenditure in foreign exchange.

31. DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to the provisions of Section 134(3)(c) read with Section 134(5) of the Companies Act, 2013 the Directors of your Company confirm that:

a) In the preparation of the Annual Accounts for the financial year ended 31^st March 2025, the applicable accounting standards had 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 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 or safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

d) The Directors have prepared the Annual Accounts for the financial year ended 31st March 2025, on a "going concern basis".

e) The Board of Directors has 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 Board of Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

Based on the framework of internal financial controls and compliance systems established and maintained by the Company, the work performed by the internal, statutory and secretarial auditors and external consultants, including the audit of internal financial controls over financial reporting by the statutory auditors and the reviews performed by management and the relevant board committees, including the audit committee, the Board is of the opinion that the Companys internal financial controls were adequate and effective during FY 2025.

32. SUBSIDIARIES, JOINT VENTURES OR ASSOCIATE COMPANIES

Pursuant to provision of Section 2(87) of the Companies Act, 2013, The Company is a subsidiary of Confidence Petroleum India Limited. Further, Your Company has following Four Subsidiary companies within the meaning of the Section 2(87) of the Companies Act, 2013:

1. Sarju Impex Ltd- Subsidiary (Holding stake 75%)

2. Confidence Enterprises Private Limited- Wholly Owned Subsidiary (Holding stake 100%)

3. Confidence Green Fuel Private Limited- Wholly Owned Subsidiary (Holding stake 100%)

4. Confidence Futuristic Fuels Private Limited- Wholly Owned Subsidiary (Holding stake 100%)

5. Silversky Exim Private Limited (Holding Stake-51%) In accordance with Section 129(3) of the Companies Act, 2013, read with Rule 5 of the Companies (Accounts) Rules, 2014, a statement containing the salient features of the financial statements of the Companys subsidiaries and associates, in Form AOC-1, is included as part of this report.

33. CORPORATE GOVERNANCE

The Company is committed to evolving and adhering to corporate governance guidelines and best practices, not only to enhance long-term shareholder value but also to safeguard the rights of minority shareholders. CFEL recognizes its inherent responsibility to provide timely and accurate information regarding its operations, performance, leadership, and governance.

In accordance with Regulation 34 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, a separate Corporate Governance Report, along with a certificate from the auditors confirming compliance, is annexed and forms an integral part of the Annual Report and Board Report.

The Company is dedicated to upholding the highest standards of corporate governance practices. The Corporate Governance Report, as required by SEBI Listing Regulations, is included in this Integrated Annual Report, along with the necessary certificate from the Auditor confirming compliance with the corporate governance conditions. The management believes that these efforts will further strengthen the level of Corporate Governance within the Company. The Corporate Governance Report annexed with this report.

34. CORPORATE SOCIAL RESPONSIBILITY

In accordance with the provisions of Section 135 of the Companies Act, 2013, along with the rules framed thereunder, the criteria for compliance with Corporate Social Responsibility (CSR) activities were not applicable to the Company during the year.

35. DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT 2013 READ WITH RULES

In compliance with Section 22 of the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013, and the rules framed thereunder, the Company upholds a zero-tolerance policy towards sexual harassment in the workplace. The Company has implemented a policy for the prevention, prohibition, and redressal of sexual harassment at the workplace, in accordance with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, as amended from time to time, and the applicable rules.

During the year under review, your Company has not received any complaint pertaining to sexual harassment.

36. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS

No significant or material orders have been passed by any regulatory authorities, courts, or tribunals during the year that would impact the going concern status or the future operations of the Company.

37. DISCLOSURE OF FRAUDS IN THE BOARDS REPORT U/S 143 OF THE COMPANIES ACT, 2013

During the year under review, the Directors have not observed any transactions that could result in fraud. The Directors hereby declare that the Company has not encountered any instances of fraud or fraudulent activity during the Financial Year 2024-25.

CODE FOR PREVENTION OF INSIDER TRADING

The Company has adopted a Code of Conduct ("Code") to regulate, monitor, and report trading in the Companys shares by designated persons and their immediate relatives, in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The Code outlines the procedures that must be followed by designated persons while trading or dealing in the

Companys shares, as well as the handling and sharing of Unpublished Price Sensitive Information

("UPSI"). Additionally, the Code includes provisions for maintaining a digital database, preventing insider trading, and familiarizing designated persons with the sensitivity of UPSI.

38. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

The MDA for the year under review, as stipulated under Regulation 34(2)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is presented in a separate section forming part of the Annual Report. The forward-looking statements made in the MDA are based on certain assumptions and expectations of future events. The Directors cannot guarantee that these assumptions are accurate or these expectations will materialize. The data, facts, figures and information given in the portions of MDA other than Company performance have been taken from reports, studies and websites of various credible agencies.

In accordance with Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a comprehensive Management Discussion and Analysis Report has been included separately. This report forms an integral part of the Annual Report and the overall report.

As required under Regulation 34(2)(e) read with Part B of Schedule V of the SEBI Listing Regulations, the Management Discussion and Analysis for the financial year 2024-25 is provided in a separate section and forms an integral part of this Annual Report. This section includes mandatory disclosures as per SEBI Listing Regulations, encompassing details such as the overall industry structure, economic conditions, operational and financial performance of the Company, business strategy, adequacy of internal controls, risks and concerns, and other significant developments during the financial year.

39. APPRECIATIONS AND ACKNOWLEDGEMENTS

The Directors would like to place on record their sincere appreciation for the hard work, dedication, and commitment of all employees. Their enthusiasm and unwavering efforts have been key in maintaining the Companys leadership in the industry. The Directors also acknowledge the outstanding contributions made by the team in driving innovation, technological advancements, and providing valuable marketing insights across nearly all business segments. These efforts have empowered the Company to deliver higher levels of customer satisfaction through continuous improvements in existing products and the successful introduction of new ones. The Board wishes to express its sincere appreciation for the continued support and cooperation received from the Companys suppliers, distributors, retailers, business partners, and other trading associates. The Company values these partnerships and regards them as integral to its progress, sharing the rewards of growth with them. It remains the Companys commitment to foster and strengthen these relationships, based on mutual benefit, respect, and cooperation, all while prioritizing consumer interests. The Directors would also like to take this opportunity to extend their gratitude to the shareholders, business partners, government and regulatory authorities, and stock exchanges for their ongoing support.

40. GENERAL

Confidence Futuristic Energetech Limited (Formerly known as GLOBE INDUSTRIAL RESOURCES LIMITED) was incorporated on 26^th June 1985 and the name of the company was changed on 26th October 2017. Equity Shares of the Company are listed on BSE Limited having script code 539991.

	By the Order of Board
	CONFIDENCE FUTURISTIC ENERGETECH LIMITED
Date: 06/09/2025	Sd/-	Sd/-
Place: Nagpur	(Nitin Khara)	(Sarvesh Khara)
	Managing Director	Director
	(DIN: 01670977)	(DIN: 06938709)