Creative Castings Ltd Directors Report

Directors report

Dear Members,

The Board of Directors hereby submits the 40th Annual Report of your Company (the Company), together with the audited financial statement, for the Financial year ended on March 31, 2025 (Year or Financial Year).

Financial Results:

(As per Indian Accounting Standards)

		(Amount in lakhs)
Particulars	For the year ended March 31, 2025	For the year ended March 31, 2024
fi) Revenue from operations end other income	4,463.34	5,316,99
(it) Gross Profit before Finance Cost, Depreciation and Taxation (PBIOT)	595.05	719.11
Less Finance Cost	2.99	2.51
(Ml) Profit before Depreciation and Taxation	592.06	716.60
Less: Depreciation	60.17	63.32
(iv) Profit Before Tax {PBT)	531.39	653.28
(v) Less: Provision for Taxes:
(a) Current Tax	145.00	169.49
(b) Prior Year Tax	7.14	(2.09)
(c) Deferred Tax	16.33	(20.73)
(vi) Profit after Tax (PAT / PAIDT)	362.92	506.66

Operational performance:

The Company continues to specialise in tne manufacturing of investment casting products and has expanded ?ts revenue streams through wind mil lurbines. With a robust production capacity, the Company now supplies over 5tltK> different types of castings fit both as-cast and fully machined conditions. These products cater to a wide range of engineerng applications, including pumps and valves, defense, oil and refinery, fire control equipment, and automobiles, among others.

Financial performance:

The financial year 2024-25 presented if mixed performance for the Compeer/, lists I revenue from opera I ions and other income stood at Rs.4,463.34 lakh, marking a decline of approx mattly 16% compared to Rs.5,316.99 lakh in the previous financial year. Despite the reduction in revenue, the Company maintained operational efficiency, recording a Gross Profit before Finance Cost, Depredation, and Taxation (PBIDT) of Rs.S9S.(Jii lakh, as against Rs.719.11 lakh in the previous year. The- finance oast remained low at Rs.2.99 lakh ( Rs.2.51 lakh in FY 2023-24), reflecting continued prudent financial management.

Profit Before Depreciation and TaxaLion stood at Rs.592.06 lakh compared to 1716.60 lakh in the preceding year. After accounting for depreciation of Rs.60.17 lakh f Rs.63.32 lakh in FY 2Q23-24:, the Profit Before Tax (PBT) stood at Rs.531 89 lakh, as agamst Rs.693.28 lakh in the previous year.

The total tax expense, including current tax, prior year tax adjustments, and deferred tax, amounted to Rs.163.97 lakh in FY 2024-25, compared to Rs.146.62 lakh in FY 2022-24. Consequently, the Profit After Tax (PAT) was Rs.362.92 lakh, representing a dec I ine of a pprox im atel y 2 8% over Rs. 506.66 lakh re p orted i n the previous financial year.

Ho material changes or commitments have transpired between the end of the financial yea^-and the date of this report chat would impact the Companys financial standing. Further during the FY 2024-25, the Company has not changed its nature of business or made expansion other than Its nature of Business.

The Audited Standalone financial Statements of the Comply, along with all necessary attachments, have been part of the Annual Report for the Year 2024-25 This complete report Is accessible on the Companys official website at www.creative-cast.corn.

Diva detd:

The Boa rd of D rectors is pi eased to pro pose a f i n a I divided d of R s. 10 per equity share having a face va I u e of K s. Id each (i.e._f @ 100%) for the financial year 2024-25. This dividend will be paid to the members whose names appear in the Register of Members (including Beneficial Owners) as of the Record Date i.e. 13th September, 2025, subject to approval ay the members at the ensuing 4dtli Annual General Meeting. The said dividend, would involve cash outflow of Rs.l.30 enare, resulting in a payout of 35.81% of the net profit of t h e Com pa ny fo r FY 2024- 2 5.

ihe proposed Dividend, If approved during the 40th Annual General Meeting of the Company, will not be subjected to dividend distribution tajy os it has been elirnirated. However, it will be subject to Tax Deducted at Source (TDS) in accordance with the a ppNcah le rates, as s pet iti ad In the notice for the 40th AGM.

Transfer to Reserve:

The Companys Board of Directors ha: decided not to transfer a ivy funds to the Reserves for the financial year being reviewed. .Share CapitaE:

There Were no changes carried out in the capital structure of the Company during the year under review.

Investor Education arid Protection Fund {(EPF):

The Companys Board pf Directors affirms that There are no pending amounts tp be transferred to the Investor Education and Protection fund for the year under consideration.

Meetings of the Board:

Throughout the year,, the Board of Directors met regularly to review the Companys performance, discuss various business .strategic, and address Important issues. During the financial year ending March 31, 2025, four meetings of the Board of Directors were periodically convened and held on May 25, 2024, August 10, 2024, October 26, 2024 and January 28, 2025, wherein following Directors were present

Sr. No.	Nemo of The Directors	25/08/2024	10/08/2024	26/10/2024	28/01/2025
01	D. JH. Dand	P	P	P	P
02	R. R. Bambhania	P	P	A	P
03	5. V. Vaishnav	P	P	P	P
04	J. 5. Thanki	A	P	P	P
05	H. N. Vadgama	P	A	A	A
06	P. J. Dos hi	P	A	P	A
07	R- A- Gardi	A	A	P	A
oa	b. r. Sureja	A	P	A	p
09	K. D. Panchamiya	A	P	A	P
10	R. 5. Tllva	P	A	A	A

"P" denotes "Preseht" and ^JA" denotes "Absent with Leave".

Changes in Directors a Key Managerial Personnel (KMP);

(i) Appointment:

There was no appointment of any Director or Key Managerial Personnel (KMP) during t -re fin ant ial year under revfew.

However Mr. Ohirubhai Haribhai Dand (DIN: 00264065), who retired by notation at the 39th Annual General Meeting (ASM) of the Company, was re-appointed at the said meeting in accordance with the provisions of the Companies Act, 2013.

Further, bated on the recommendation of The Nomination and Remuneration Committee (MFRC) and pursuant to the provisions of the Companies Act, 2013 and the SEBI Listing Regulations, Che Board of Director: has re-appointed Mr, Palak Jayesh Ehai Dpsh: (DIN: 08444518) as a Non-Executive Independent Director fpr a second ctJ-nsetudve te-m of five years, commencing from September 26, 2025 to September 25, 2030 fboth days inclusive), subject tot lie approval of the shareholders by Way of a Special Resolution at the ensuing ASM.

(ii) Cessations:

There were no instances of cessation of Directors or KMPs during the period under review.

(iii) Retire by Rotation:

I n atcorda nee with the provisions of Sac Lion 15 2 of the Compan ies Ac t, 2013, a nd the Co mpanys Ar t ides of Association, Mr. Hirers Narottam Vadgama (DIN: 00145992}, Director, is liable to retire by rotation at the forthcoming 40th Annual Genera: Meetrng. Being eligible, lm has offered himself for reappointment, and the Board has recommended his reappointment as a Director of the Company,

The disclosures required under Regulation 36 of the SEBI Listing Regulations and the Secretarial -Standards on General Meeti n gs (55-2) a re provided in 1 h e Not ice of 1 h is AGM, form ing pa rt of t he Ann u a I Report.

Declaration by Independent Directors;

In terms of Section 149 of the Act and the SLlil Listing Regulations, Mr. Ketan Panchamiya, Mr. Bhavcshkumar Sure;a, Mrs. Ruta Gardi. Mr. Ram ni kin I Tilvg and Mr. Palak Doshi are the Independent Directors ot the Company .as. on the date of this Report.

The Company has received declarations / confirmations from all the Independent Directors of Lire Company as required under Section 149\7) of the Act read with Rule 6 of the Companies (Appointment and Qualifications of Directors) Rules, 2014and Regulation 25(B) of the SEBI Listing Regulations, furthermore, ihe independent Directors have adhered to the Code of Independent Directors as stipulated in Schedule IV oF the Act

formal annual evaluation and its criteria:

Pursuant to the provisions of the Act, SEEN Listing Regu ations and Nomination and Remuneration Policy ot the Company the Nomination and Remuneration Committee ("NRC") and the Board lies carried out the annual performance evaluation of the Board, .ts Committees and individual Directors by stray ot individual and collective feedback from Directors. The independent ?sreciprs have also carried out annual performance eva I u at ion qf ;he Chairperson, the non-independent director Rs. and [fie Board as a whole. Structured questionnaires covering the evaluation criteria laid down by the NR.C. prepared after talcing into consideration inputs received from Directors, Were used for carrying out the evaluation process. The Directors expressed their satisfaction with the evaluation process.

Criteria adopted for evaluation:

(ij The Board shall evaluate The rofes, functions, duties of Independent Directors (IDs) of the Company. Each ID shall be evaluated by all other directors not by the Director being evaluated. The Board shall also review the manner in which I Ds fo liow gu ideJines of p rofessional bond u-ct.

(ii) Performance review of a I tie Mon-Independent Directors of the Company on the basis of the activities undertaken by them, a*pactaiion of Board and level of participation.

(in) Performance review of the Chairman of the Company in terms of level of competence of chairman in steering the Company.

(iv) The review and assessment of the flow of information by the Company to the Board and the manner in which the deliberations take place, the manner of placing the agenda and the contents therein.

(v) the review of the performance of the directors individual^, its own performance as well as evaluation of working uf its. committees shall be carried out by the Board.

(vi) On the hasis uf performance evaluation, it shall be determined by the Nomination and Remuneration Committee and the Boa rd whether to extend or co n Li n ue the term of ap poi ntme n t of tD subject to a IE other a ppli ca tile compEia nces.

Committees:

In accordance with the provisions oF Sections 177 and 178 of the Companies Act, 2013 and Regulation 18 to 2D of the SEBl Listing Regulation, the Company has constituted the fol IfjWi ng mn ndatory Committees of the Board:

• Audit Committee

• N omlnaticm an d fie mu iteration Comm ittee

• Stakeholders Relationship Committee

1 he- Board of Directors periodically evaluates the functioning and performance pf these Committees to e-nsure their continued effectiveness and compliance with applicable statutory and regulatory provis ons.

Detailed Information with respect to the composition, term Rs. of reference, number of meetngs held, and attendance of members at the meetings of the aforesaid Committees is provided in the Corporate Governance Report, which forms an integral part of this Annual Report.

Policy Dm Director* Appointment and Policy on Remuneration;

The Nomination and Remuneration Committee of the Company worts with the Board to identify and evaluate the appropriate mix of characteristics, stills, and experience required for the Board as a whole and for individual Directors, with the obiective of maintaining a Board that reflects, diversity In background and expertise, including experience in business, governance, education, and related fields. The Committee expects ail Directors to demonstrate independence, integrity, high personal and professional eihics, sound business judgment, and the -ahility fo participate constructively in Board del i berat;o n s, a long wi t h a wi Ili ngness to ac L co Itecti vel y i n the best interests of t h a- Com pa ny.

In accordance with the provisions of Section 134(3)fej read with Sections L Rs.8(3) and 17?(4J of the Companies Act, 2013, the Company has adopted a Nominat on and Remuneration Policy which sets out the criteria for determining the qualifications, positive attributes, and independence of Directors, as well as the framework for the appointment and remuneration of D-.rectors, Key Managerial Personnel (KIWP). and other employees.

The policy is available on the Companys website at http://www.creative-cast.com/Reports7NARP.PDF. There were no changes made to the sa id po I ity d uri ng t h h f i na no a I year und er review.

Particulars of Fmpfoyees:

The parliculais of employees are given In Aon enure - ^J,A" to th-s He port us required under Section 197(12) of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Ru es, 2014.

Also. Statement containing the names of the top ten employees n terms of remuneration drawn as per Rule 5(2) of the Companies [Appointment and Remuneration of Managerial Personnel) Rules, 2014 forms a part of Ann enure - A".

Directors Respondbilily slainmcn-l:

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

(>) in the preparation ot the annua! accounts of the Company for the year ended on March 31, 2025, the applicable ™

accounting standards had been fallowed along with proper explanations relating to material departures far the is me;

(ii) Lite Directors had selected such account ng policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true anq 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 the year under review;

(iii) the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding me assets of the Com pan; and far preventing an.d detecting fraud and other irregularities:

(iv) the Directors had prepared the Annual Accounts on agoing concern basis;

(v) il:c Directors had laid down Internal financial controls to be fallowed by the Company and that such internal financial controls are adequate and were operating effectively; and

(Vi) the Directors have devised proper systems to ensure compliance with the provisions of all applicable lews and that such systems were adequate and operating effectively.

Adequacy of internal finantiaf controls with reference to the financial statements;

As required under Section 134(5)(e) of the Companies Act, 2013 and Rule 8:5](viii) of the Companies {Accounts} Rules, 2014, the Company understands the Importance uf having proper Interna! flnapt^t controls In place. The Company has set up a strong system of internal controls that matches the size and nature of its business. These controls have been reviewed by the statutory auditors, who have confirmed their adequacy and effectiveness in i heir report, which is part of the Rs. Auditors Report included in this Annual Report.

In addition, the Company has appointed M/s. iubhash Akbarl & Co., Chartered Accountants, as its Internal Auditor fhe Internal Auditor carries out regudr checks of the Companys interoaf systems and financial records Their findings are reviewed b; the Auiiit Committee, which then gives its suggest ions to the Board of Directors, this layered review process h el ps ensu re that the Com pa ny mainta i n s f i n a ncial di sc ip line a n d com pi ies with I aw: and regul atio n s at Rs.111 c-vel s.

Deposits;

During the financial year 2024-25, your Company has not accepted any deposits within the meaning of Section 73 to 76 of the Act, read together with Companies {Acceptance of Deposits! Rules, 2014.

Loans, Investments, Guarantees and Securities:

The details of loans, guarantees, and investments made by the Company, as required under Section 136 of the Companies Art, 2013, are disclosed in Notes 6, 10. and 13 of the accompanying financial statements.

Related Party Transactions [RPTs};

During the financial /ear, all contracts and transactions with related parties were carried out In the ordinary course of business and at arms length. Details of these transactions are provided in Torm AOC-2, attached as Annexure "B", in compliance with Section 134(3lilt) of the Companies Act, 2013, read with Rule 3(2} of tiie Companies (Accounts) Rules, 2014.

Further disclosures, as required under Ind A5 24, are deluded at Note no. 45 of the Financial statements.

Mia Company has a Related Party Transactions Policy, which is available on ufs website The policy was updated in line with the revised SERI Listing Regulations and Was approved by the Board at its meeting held on May 24, 2025. The updated policy can be accessed at:

https://www, creative-cast com/Repcirts/PolicyFteletedPartyTransactions24052025 PDF

There were no materially significant rotated party transactions during the year tit at could have conflicted with the interests of the Company. Also, no financial transactions or relationships were reported between the Independent Directors and the Company.

Corporate Social Responsibility [^JCSR):

Since the Companys CSR obligation during the Financial year was less than Rs.50 00 lakhs, the Board has. not constituted a CSR Committee, in accordance with the provisions of Section 135(91 of the Companies Act, 2013. The C5R Policy and The Annual Report on CSfi activities undertaken during the financial year ended March 31, 2025, are provided in the format prescribed under the Companies (Corporate Social Responsibility Policy) Rules, 2014, and are annexed to this Report as Anoeiture - "C".

Conservation of energy, technology absorption, foreign exchange earnings and outgo;

The disclosure of particular with respect to conservation of energy, a statement giving details of Technology Absorption,

Foreign Exchange Earnings and outgo in accordance with the provisions of Section 134(3)(m}of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts! Rules, 2014 is annexed hereto as Annexure-^J,0".

Risk Management;

The assessment and management of business risks are continual processes within the Company. The (management regularly t reviews risk assessments with the aim of mitigating potential threats. The overarching objective of risk management is to

safeguard the organizations tangible and human assets, ensuring the seamless continuation of rts operations.

As of now, the Company is not obligated to establish -: Risk Management Committee of Directors in attendance With the provisions outlined in Regulation 21 of the BEBI lasting Regulations

Vigil Mechanism:

Tp ensure high level of hgnpsty, integrity and ethical behavior amongst its employees, the Company ties established a Vig I Mechanism in compliance with the provisions of section 177(9) of the Companies Act, 2013 read with rule 7 of Companies (Meeting of Botird and its powers) Rules, 2014, for the directors end employees to report genuine concerns Rs.pd grievances- I his mechanism provides adequate safeguards against victimization of employees and directors and also provides for direct access to the chairperson of Audit Committee*

The synopsis of the polity has been disclosed in the Corporate Governance Report, which is a part of this report and is aVailablE gn h tl PS://WWW.crealive-paSt.cgm/Repprt Rs./VHjlL.PDF.

Auditors:

(i) Statutory Auditor:

Pursuant to the provisions of Section 139(2) of the Companies Act, 2013, read with Rule 4(2) of the Companies (Audit and Auditors) Rules, 2014, ivt/s. J. C. Ranpura & Co., Chartered Accountants (Firm Registration No. 108647W), were appointed as the Statutory Auditors of the Company fora term of five consecutive years, from the conclusion of the 35th Annual General Mere ling (AGM I until toe conclusion of l he 4Qth AGM.

Based on the recommendation of the Audit Committee, the Board of Directors recommends the re-appointment of M/s.

J. C. Ranpura a Co., Chartered Accountants, as the Statutory Auditors for a second term of five consecutive years, from the conclusion of the ensuing AGM until the conclusion of the AGM to be held in the calendar year 2030, to audit the financial statements of the Company for the fnantisl years 2C)23-2? to 2029-3-0, including issuing quarterly l-mited review reports, certificates, and othe- attestation/advisory services as required under applicable laws and professional standards.

The Audit Committee and the Roard have evaluated their performance and are satisfied with the quality of audit, independence, and professionnI conduct displayed during their tenure.

The Auditors Report on the financial statements for the year ended March 31, 2025, is free from any Qualifications, reservations, or adverse remarks, and is considered self explanatory, requiring no further comments by the Board.

Further, during the year under review, the statutory Audits Rs.! have hat reported any instance tif fraud by officers dr e mployees of th e Com pa ny unde r Section 14i( 12) of tli e Com pa ni es Act, 2013.

(ii) Secretarial Audi Lor;

In accordance With the provisions of Section 204 of the Companies Act, 2013, read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2D14, CS Mayur Sofia, Proprietor of M. fluha ? Co.,

Prattic ng Company Secretaries, Vadodara, Was appointed as the Secretarial Auditor of the Company for the financial /ear 2024-25. The Secretarial Audit Report, issued in the prescribed Form MR-3, is annexed to this Report as Annex urs-"

"E"

1 he Secretarial Audit Report contains certain Cfualifications/observations which are explained below:

Non filing Form IEPf-2: Due to inadvertent oversight,, the filing of form IEPF-2 was not completed. The Company is in the process of taking necessary corrective measures.

Delay in filing Form DPT-3: i be Company filed Form DFT-3 after the prescribed duE date Owing to administrative oversight. The form has since been duly tiled with the Registrar of Companies along with the applicable additional fees,

The Board has taken cognizance of this lapse and initiated steps to further strengthen the internet compliance and monitoring system to prevent such occur recites in the future.

Annual Secretarial Compliance Report:

Pursuant to Regulation 24A of the SEBI listing Regulations, the Annual Secretarial Compliance Report tor the year ended March 31, 2Q25, Wtrs issued by C5 Mayur Buha, Proprietor pf M. Bpha & Cp., and submitted to AGE Limited within the- prescribed timeline.

(iii) Cost Auditor:

In accordance with the provisions of Section 148 of the Companies Act, 2013, read with the Companies ICost Records and Audit) Rules, 2034, the Company has duly maintained the prescribed Cost Records for the Financral year ended March 31, 2025. The Annesture to the Cost Records was approved by the Board of Directors at its meeting held on July 26, 2025,

A certificate confirming the proper maintenance of such records has been issued by M/s. Miresh Suvagiya & Go.,

Practicing Cost Accountants, Rajkot.

It is further confirmed that Cost Audit has not applicable to the Company for the financial year under review, in accordance with the relevant provisions of the Act and the Rules framed thereunder.

(iv) Infernal Auditors

M/s. Subhash Akbari &Co., Chartered Accountants served as the Internal Auditors of the Company during the year under review. The firm conducted regular audits coverinng various operational and financial areas of the Company. The findings and observations of the menial audits were periodically reviewed by the Audit Committee at the Board, which also oversaw the implementat-Oti of necessary corrective measures to ensure the effectiveness and robustness of the Companys internal control -systems.

Disclosure cm compliance with Secretarial Standards:

Your directors confirm that the applicable Secretariat Standards as Issued by the Institute of Company Secretaries of there have been compiled with.

Management Discussion and Analysis Report:

The Managements Discussion and Analysis Report for the year under review, as stipulated under SERI Listing regulations, is an n exed with t h is Report as Ann exu rt — "t".

Corporate Governance:

Separate report on Corporate Governance along with CEO/CFO CerLifications and Certificate of Company Secretary in practice dti compliance with norms pertaining to the Corporate Governance arc separately annexed with this report as Annexure - "G".

Annual Return:

A copy of Annual Return as required under Section 92(3) and Section 134(3)(a) of the Act has been placed on the website of the Com pa ny at wwtt.creptive-cast.com.

Industrial Relations:

The industrial Re ations between the Management and Employees of the Company al all levels continued to be extremely cordial during the entire year, Roth the Management as well as Employees have good relations and work for the betterment of the value of the Company.

Business Responsibility and Sustainability Report:

for the financial year ended March 31, 2025, the Company is not required to com ply with the provisions of Regulation 34 of the SEBl Listing Regulations, pertaining to the submission of a Business Responsibility and Sustainability Report (BRSR). Accordingly, the Company is not obligated to provide a separate BRSR for the year under review.

Prevention of insider trading and code of conduct for fair disclosure:

The Company has adopted a Code of Conduct for Regulating, Munitonng and Reporting of Trading by Insiders, in compliance with the SEEM (Prohibition of Insider Trading) Regulations, 2015, as amended. This Code governs and monitors the trading activities of Designated Persons who may have access to Unpublished Price Sensitive Information (UP5I) relating to Lhe Company, ensuring transparency and prevention of misuse of such information,

Additionally, the Company has implemented a Code of fra ctices and Procedures for Farr Disclosure of Up SI, which lays down a structured framework for timely, adequate, and ta^:r qisclosune of everts and information that may impact the price discovery of the Companys securities in the market. This policy is available on the Companys website at www.treatrve-cast.com.

The Board of Directors, at tbeir meeting held on May 24, 2025, approved end adopted the reused Code for Prevention of Insider Trading, in Iine with the latest antendmerrts to the SE.61 fiegulations.

Insurance:

All moveable and fixed assets are adequately insured.

Other Information;

(i) lhe Company does not have any subsidiary, joint venture or, associate Company. Accordingly, no disclosure is required;

hi) hu fraud has bqgfl Identified! during the financial year;

(in No significant material -orders Were passed by the regulators -or courts or tribunals impacting the going concern status and Companys operations In future;

(iv) t>uri ng the f i n aticial yea r, your Co mpany has neither i s sued any kind of Seen rities nor made buy-back of seen rifles;

(v) Your Company has complied with provisions relating to the constitution of Internal Complaint:. Committee under the Sexual Harassment of Women at Workplace (Preventiop, Prohibition and Ffedressal) Act, 2013. Your Board states that during the year under review, there were no cases at the work place filed pursuant to the Sexual Harassment of Women (Prevention-, Prohibition and Redressall Act, 2013. Disclosures in pursuance to the Sexual Harassment of Women a I Workplace (Prevention, Fnoh Haitian and Redressal) Act, 2G13 Is provided separately In Hie Corporate Governance Report;

(vi) The Company affirms compliance with the provisions of Hie Maternity Benefit Act, 1961, including those relating to maternity leave, nursing breaks, and creche facilities, wherever applicable

(vii) There are no- proceedings initrated/pending against your Company under the Insolvency and Bankruptcy Code, 2015; and

(viii) Diffierence between amount of the valuation done at the Time of one time settlement and the valuation done while taking ban from the Banks or Financial Institutions: Not Applicable.

Human Resources:

The high level of motivation of the employees and their identification as well as Involvement with the Company is the basis for the creation of a strong team, who continuously advance the innovative brands and superior technologies with their inventive talent and pioneering spirit The training ocntrsea are evolved to internalize the principles of sustainable development and to uphold the Companys corporate culture based on fairness and team spirit. Employees Involvement In the at fairs of the Company helps build up brand value and heIps the Company achieve a strong market position.

As on March 31, 2025, the total number of employees stood at the comprising to Male: 101

• Female: OS

* Teansgendor Nil

Certificates:

The Company holds the following certificates.

fl} ISO 9001:2015, (2) ISO 14001:2035, \ 3) ISO 45001:2018, [4 j PE 0 2 0I4/68/E U& AO 2000 MERK BLATT WO Cert if i ad an d (5) l&ft Awarded Wall Known Foundry.

Appreciation:

Your Directors are grateful for the support and co-operation given by the Shareholders, Government Authorities, Companys Ba niters, I n s ura n ce Com pany, ?m pi oyees. Custom e rs & S u ppli ers duri ng the year u n der review.

For and on behalf of Board

Sd f-

tihirufahai H. Dand Chairman CUN: 00284065 Dol at para, July 2b, 2025

>

In windmills can be found rn Schedule 3 of lhe accompanying financial statements.

2, TECHNOLOGY ABSORPTION

Your com puny operates on in house technology developed for the products.

Your company has adopted various slaps with regards to develop new composil ion of metals, improve upon grain structure and control of the inclusion rating try introducing use of latest melting and metal purifying practices.

(i) the efforts made towards technology absorption: N.A.

(ii) the benefits derived like product improvement, cost reduction, product development or import substitution: N.A.

(iii) in case of imported technology (imported during the last three years reckoned from the beginning of the financial year):

N.A.

(a) the details of technology imported: N.A.

(b) the year of import: N.A.

(c) whether the technology been fully absorbed: N.A.

(d) if not fully absorbed, areas Whole absorption has not taken place, and the reasons thereof: N.A.

(iv) the expenditure incurred on Research and Development N A

3. FOREIGN EXCHANGE EARNINGS & OUTGO

The Company earned 12,560.25 lakhs from exports during the financial year 2024-25, as compared Id T3.03A.5E lakhs in the previous year. The total outflow of foreign exchange amounted to 112.83 lakhs (Previous Year: 11.12 lakhs}. For further details, please refer to Note No. 50 of the accompanying financial statements.

UDJN: FDD9000GD00B67297