Current Infraprojects Ltd Directors Report

Dear Members,

Your directors have pleasure in presenting the 13th Annual Report of the Company together with the Audited Financial Statements for the Financial Year ended March 31st, 2026.

1. Corporate Overview

Your company is engaged in the business of EPC Works Contracts, Installation, Testing & Commissioning Income, Solar power projects, all kind of HVAC works, civil works, IT works, solar works, renewable energy works, AMC works, electrical testing laboratory, land acquisition services, chartered engineers services and liaison services and to deal in activities that are part of or incidental to any activity related thereto.

2. Financial Highlights

As mandated by the Ministry of Corporate Affairs, the Company has prepared its Standalone & Consolidated Financial Statements for the year ended March 31, 2026, in accordance with the applicable Accounting Standards (AS) notified under Section 133 of the Companies Act, 2013, read with the Companies (Accounting Standards) Rules, 2021, as amended from time to time. The highlights of the standalone & Consolidated financial performance of the Company for the Financial Year ended March 31,2026, are as follows:

	Standalone (In Lakhs)	Consolidated (In Lakhs)
Particulars	For the year ended March 31,2026	For the year ended March 31,2025	For the year ended March 31,2026	For the year ended March 31,2025
Sales and other Income
Revenue from operations	17023.46	9970.59	16038.85	9088.42
Other Income	125.62	43.01	96.19	44.26
Total Revenue	17149.08	10013.60	16135.04	9132.68
Profit Before Interest and Depredation	2174.08	1535.40	2381.76	1504.17
Less: Interest	143.19	148.36	248.68	148.36
Depreciation	100.24	79.93	164.62	79.93
Profit/Loss before exceptional items and tax	1930.65	1307.11	1968.46	1275.88
Exceptional items- Prior period expenses	0.00	0.00	0.00	0.00
Net Profit Before Tax	1930.65	1307.11	1968.46	1275.88
Less: Tax Expenses Current Tax	501.80	335.02	501.79	335.02
Deferred Tax Asset	6.20	4.51	61.49	4.51
Net Profit After Tax	1435.05	976.61	1405.18	945.37
Share Of Profit/ (Loss) Of Associates	0.00	0.00	0.00	0.00
Net Profit after share of profitof Associates	1435.05	976.61	1405.18	945.37
Earnings Per Share	8.48	7.23	8.31	7.00

3. Financial Performance (Standalone)

On a standalone basis, your Company reported revenue from operations and other income of Rs.17,149.08 lakhs during the year under review, as against Rs.10,013.60 lakhs in the previous financial year. The Net Profit before tax for the year stood at Rs.1930.65 lakhs compared to Rs.1307.11 lakhs in the previous year. The Net Profit for the year stood at Rs.1435.05 lakhs compared to Rs.976.61 lakhs in the previous year. The Earnings Per Share (EPS) from continuing operations was Rs.8.48 for the reporting year compared to Rs. 7.23 in the previous year, representing a year-on-year growth of 17.29%.

On a Consolidated basis, your Company reported revenue from operations and other income of Rs.16.135.04 lakhs during the year under review, as against Rs.9,132.68 lakhs in the previous financial year. The Net Profit before tax for the year stood at Rs.1968.46 lakhs compared to Rs.1275.88 lakhs in the previous year. The Net Profit forthe year stood at Rs.1405.18 lakhs compared to Rs.945.37 lakhs in the previous year. The Earnings Per Share (EPS) from continuing operations was Rs.8.31 for the reporting year compared to Rs. 7.00 in the previous year, representing a year-on-year growth of 18.71%.

4. Operational Highlights

The operations are exhaustively discussed in the Management Discussion and Analysis forming part of the annual report.

5. Dividend and Transfer to Reserve

In order to conserve the resources, your Board has decided not to declare any final dividend for the financial year 2025-26. Your Company does not propose to transfer amounts to the general reserve out of the amount available for appropriation.

As per Regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, top five hundred listed entities based on market capitalization are required to formulate a Dividend Distribution Policy. However, during the year your company has remained to be a small cap company and hence this regulation does not apply to the Company.

6. Share Capital:

The authorized share capital of the company was Rs. Rs.21,00,00,000/- (Rupees Twenty-One Crores Only) divided into 2,10,00,000 (Two Crore Ten Lakh) equity shares of Rs. 10/- (Rupees Ten Only) As on March 31st, 2026

The Paid-up capital of the Company was Rs. Rs.19,14,80,000 /- (Rupees Nineteen Crores Fourteen Lakh and Eighty Thousand Only) divided into 1,91,48,000 (One Crore Ninety-One Lakh and Forty-eight Thousand) Equity shares of Rs. 10/- (Rupees Ten Only) As on March 31st, 2026

7. Credit Rating

During the year under review, the Company has been assigned a Long-Term Credit Rating of CRISIL BBB-/Stable and a Short-Term Credit Rating of CRISIL A3 by CRISIL Ratings Limited. The ratings reflect the creditworthiness of the Company in respect of its applicable financial obligations and credit facilities. The equity shares of the Company are listed on the National Stock Exchange for which no credit rating is mandated under the applicable laws .

8. Transfer to Investors Education and Protection Fund

The Company had no liability to transfer any unpaid/unclaimed equity shares and/or dividends up to the financial year 2025-26 to the Investor Education and Protection Fund (IEPF) established by the Central Government pursuant to Section 125 of Companies Act 2013.

9. Change in Nature of Business

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

10. Listing

The Equity Shares of the Company continue to remain listed on the Emerge Platform of the National Stock Exchange of India Limited ("NSE Emerge") under the symbol "CURRENT". The Company got listed on September 03, 2025, pursuant to its Initial Public Offering ("IPO") comprising 52,25,600 Equity Shares of face value of Rs.10/- each at an issue price of Rs.80/- per Equity Share.

The Equity Shares are listed and traded on the NSE Emerge SME Platform

11. Deposits

There were no outstanding deposits within the meaning of Section 73 and 74 of the Act read with rules made thereunder at the end of FY26 or the previous financial years. The Company did not accept any deposit during the year under review.

12. Extract of Annual Return

Pursuant to Sub-Section (3) of Section 92 of the Act and Rule 12 of the Companies (Management and Administration) Rules, 2014, the Annual Return of the company for the financial year 2025-26, is available on the Companys website at https://www.currentinfra.com/

13. Secretarial Standards

The Company has complied with all the applicable secretarial standards issued by the Institute of Company Secretaries of India.

14. Particulars of Loans, Guarantees or Investment by the Company

The Particulars of loans, guarantees or investments have been disclosed in the financial statements and the Company has duly complied with Section 186 of the Act, in relation to Loans, Guarantee and Investments, during the FY 2025-26

15. Board of Directors and Key Managerial Personnel (KMP)

Declaration from Independent Directors

All Independent Directors have given declarations that they meet the criteria of independence as laid down under Section 149(6) of the Act and Regulations 16( 1 )(b) and 25(8) of SEBI LODR Regulations that they are independent from the Management of the Company and that they are not aware of any circumstance or situation, which exist or may be reasonably anticipated, that could impair or impact their ability to discharge their duties with an objective independent judgement and without any external influence. Further, all the Independent Directors have given declarations that they complied with the provisions of Companies (Appointment and Qualifications of Directors) Rules, 2014 and has also affirmed that they comply with the Code for Independent Directors prescribed in Schedule IV to the Act and the Code of Business Conduct and Ethics of the Company.

In the opinion of the Board, the Independent Directors are persons with integrity, expertise and experience in the relevant functional areas. Requirements of online proficiency self-assessment test in terms of Rule 6(4) of The Companies (Appointment and Qualifications of Directors) Rules, 2014 will be compiled within the prescribed timeline, if the same is applicable to each of them.

During the year under review, a separate Meeting of Independent Directors was held on 27th February 2026.

Details of Key Managerial Personnel (KMP)

Pursuant to section 203 of the Companies Act, 2013, Mr. Sunil Singh Gangwar, Chairman & Managing Director, Mr. Devvrath Singh, Whole-time Director, Mr. Satyavrat Singh, Whole-time Director, Mr. Chetan Dadhich, Chief executive Officer, Mr. Manish Kumar Sharma, Chief Financial Officer and Ms. Sonali Nawndher, Company Secretary, are the designated KMP of the Company as on March 31,2026.

Changes in KMP during the year:

Name of the KMP	Designation	Changes	Effective Date
1. Ms. Jai Shree Rathore	Company Secretary	Resignation	02-03-2026
2. Ms. Sonali Nawndher	Company Secretary	Appointment	03-03-2026

16. Number of Board Meetings

a. During the year under review, Twenty Board Meetings were held during the Financial Year ended March 31, 2026, i.e., 01st April 2025, 21st April 2025, 12th May 2025, 31st May 2025, 26th June 2025, 30th June 2025, 22nd July 2025, 01st August 2025, 06th August 2025, 12th August 2025, 25th August 2025, 29th August 2025, 30th August 2025, 01st September 2025, 02nd September 2025, 07th November 2025, 14th November 2025, 16th December 2025, 16th January 2026, 02nd March 2026 and the maximum gap between any two Board Meetings was less than One Hundred and Twenty days.

The names of members of the Board, their attendance at the Board Meetings is as under:

Name of Directors	Number of Meetings attended/ Total Meetings held during the F.Y. 2025-26
1. Sunil Singh Gangwar	20/20
2. Dewrath Singh	20/20
3. Satyavrat Singh	20/20
4. Sujata Gangwar	20/20
5. Ramakrishnan Venkateswaran	11/20
6 Mukesh Kumar Jain	11/20
7. Deepak Gupta	11/20

b. Annual General Meetings

The Annual General Meeting of the company was held on 11/08/2025 during the year.

c. Extra Ordinary General Meeting

As per Section 100 of Companies Act, 2013, Company had hold 3 Extra Ordinary General Meeting for the financial year 2025-26. on dated 02nd July 2025, 23rd July 2025, and 14th August 2025.

17. Committees of the Board

The Company has duly constituted Board level Committees as mandated by the applicable laws and as per the business requirements. Details of the committees, along with their composition, charters and meetings held during the year, are form part of this Director Report. During the FY 2025-26, the Board has accepted all the recommendations of its committees.

a. Audit Committee

b. Nomination and Remuneration Committee

c. Stakeholders Relationship Committee

d. Corporate Social Responsibility Committee

Audit Committee: The Audit Committee acts as a link between Management, Statutory Auditors, Internal Auditors, and the Board in order to oversee the financial reporting process of the Company. The purpose of the Committee is to monitor the quality and integrity of the accounting, auditing, and financial reporting processes, including the review of internal audit reports and action taken reports. The Audit Committee comprise the majority of Independent Directors to enable independent and transparent review of financial reporting process and internal control mechanism with an objective to further strengthen the confidence of all stakeholders.

During the year under review, audit committee met five (5) times i.e. on 16th June 2025, 01st August 2025, 03rd November 2025, 09th January 2026 and 27th February 2026.

The Composition of the Audit Committee and details of attendance of the members during 2025-26, are given below:

Name	Designation	Nature of Directorship	Attendance of Members
1 Deepak Gupta	Chairman	Independent Director	5/5
2 Mukesh Kumar Jain	Member	Independent Director	5/5
3 Sunil Singh Gangwar	Member	Chairman and Managing Director	5/5

Nomination and Remuneration Committee: All the members of the Nomination and Remuneration Committee ("NRC") comprises only Non-Executive Directors, with two-thirds being Independent Directors.

During the year under review, NRC committee met five (5) times i.e. on 16th June, 2025, 01st August 2025, 03rd November 2025, 09th January 2026 and 27th February 2026.

The Composition of the NRC and details of attendance of the members during 2025-26, are given below:

Name	Designation	Nature of Directorship	Attendance of Members
1 Deepak Gupta	Chairman	Independent Director	5/5
2 Mukesh Kumar Jain	Member	Independent Director	5/5
3 Sujata Gangwar	Member	Non-Executive Director	5/5

Stakeholders Relationship Committee: The Stakeholders Relationship Committee of Directors ("SRC") comprises of 3 (three) members, with a majority of Non-Executive Directors

During the year under review, SRC committee met five (5) times i.e. on 16th June, 2025, 01st August 2025, 03rd November 2025, 09th January 2026 and 27th February, 2026.

The Composition of the SRC and details of attendance of the members during 2025-26, are given below:

Name	Designation	Nature of Directorship	Attendance of Members
1 Mukesh Kumar Jain	Chairman	Independent Director	5/5
2 Deepak Gupta	Member	Independent Director	5/5
3 Sunil Singh Gangwar	Member	Chairman and Managing Director	5/5

Corporate Social Responsibility Committee: The Corporate Social Responsibility ("CSR") Committee comprise of 3 (three) members.

During the year under review, CSR committee met five (5) times i.e. on 16th June, 2025, 01st August 2025, 03rd November 2025, 09th January 2026 and 27th February 2026.

The Composition of the CSR Committee and details of attendance of the members during 2025-26, are given below:

Name	Designation	Nature of Directorship	Attendance of Members
1 Sunil Singh Gangwar	Chairman	Chairman and Managing Director	5/5
2 Devvrath Singh	Member	Wholetime Director	5/5
3 Deepak Gupta	Member	Independent Director	5/5

18. Evaluation of performance of the Board

The Company has duly approved Nomination and Remuneration Policy prescribing inter-alia the criteria for appointment, remuneration and performance evaluation of the directors. As mandated by Section 134 & 178, read with Schedule IV of the Act and Regulation 25 of the SEBI LODR Regulations, the Independent Directors in their separate meeting held on February 27th, 2026, have reviewed the performance of Non-Independent Directors, Chairperson and the Board as a whole including review of quality, quantity and timeliness of flow of information between Board and Management.

Further the Board, during the year under review, has also evaluated the performance of the Board, its Committees and all Individual Directors including Chairman of the Company. The evaluation was carried out on the basis of a structured questionnaire circulated in advance to all the Directors. The Board expressed its satisfaction on the same and is of the opinion that all the independent directors of the company are persons of high repute & possess the relevant expertise & experience in their respective fields

19. Board Training, Induction and familiarisation of Directors

At the time of appointing a director, a formal letter of appointment is given, which inter-alia includes the role, function, duties and responsibilities expected from him/her as a Director of the Company and necessary documents, reports and internal policies to enable him/ her to familiarise with the Company and its procedures and practices. Periodic presentations are made at the Board, Committees meetings, on business and performance updates of the Company, global business environment, business strategy and risks involved etc. Updates on relevant statutory changes on important laws are periodically presented or circulated to the Board. The Directors are also explained in detail the compliances required from them under the Act, the SEBI Regulations and other relevant Laws and Regulations. The details of familiarization program for Independent Directors are available on the Companys website.

20. Directors Responsibility Statement

Directors Responsibility Statement pursuant to the provisions of Section 134(3)(c) read with Section 134(5) of the Act on the annual accounts of the Company for the year ended on March 31,2026, is provided below:

a. in the preparation of the Annual accounts for the financial year ended March 31, 2026, the applicable accounting standard have been followed along with proper explanation relating to the material departures, if any;

b. Such accounting policies have been selected and applied consistently and judgments and estimates made are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as of March 31, 2026, and of the profit of the Company for the year ended for that period;

c. Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d. the annual accounts have been prepared on a going concern basis;

e. internal financial controls were followed by the Company, and they are adequate and are operating effectively; and

f. Proper systems have been devised to ensure compliance with the provisions of all applicable laws and such systems are adequate and operating effectively.

21. Policy on Directors Appointment and Remuneration and other details

The Companys policy on directors appointment and remuneration including criteria for determining qualifications, positive attributes, independence of a director and other matters provided in Section 178(3) of the Act is available on our website https://www.currentinfra.com/policies/ . We affirm that remuneration paid to the directors is as per the terms laid out in the Nomination and Remuneration Policy of the Company.

Some of the salient features of which are as follows:

i. To regulate the appointment and remuneration of directors, key managerial personnel and the senior management personnel;

ii. To identify persons who are qualified to become directors as per the criteria/ Board skill matrix identified by the Board;

iii. To ensure proper composition of Board of Directors and Board diversity;

iv. To ensure that level and composition of remuneration is reasonable and sufficient to attract, retain and motivate Directors, Key Managerial Personnel and senior management and their remuneration involves a balance between fixed and incentive pay reflecting short and long term performance objectives appropriate to Companys working and its goals.

22. Risk Management Committee

Pursuant to the sub-regulation 5 of Regulation 21 of Listing Regulations, the constitution of Risk Management Committee is not applicableto the company.

23. Corporate Social Responsibility

Your Company believes in touching some of the important aspects of human life. The Company implements CSR through multiple trust/societies through which it operates, and efforts are revolved around several projects relating to Social Empowerment and Welfare, Infrastructure Development, Sustainable Livelihood, Health Care and Education during the year under review. These projects are in accordance with Schedule VII of the Act and its CSR policy.

The brief report of the Corporate Social Responsibility (CSR) policy of the Company and the initiatives undertaken by the Company on CSR activities during the year are set out in Annexure- A of this report in the format prescribed in the Companies (Corporate Social Responsibility Policy) Rules, 2014.

The Corporate Social Responsibility Policy (CSR Policy) indicating the activities to be undertaken by the Company are available on following link: https://www.currentinfra.com/policies/

24. Management Discussion and Analysis

The Management Discussion and Analysis Report on the operations of the Company, as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, forms an integral part of this Report

25. Business Responsibility and Sustainability Report

As required under Regulation 34 of the Listing Regulations, the Business Responsibility and Sustainability Report is not mandatory for your Company, hence the same does not form part of the Directors Report.

26. Corporate Governance

Your Company is committed to adhere to the best practices & highest standards of Corporate Governance. It is always ensured that the practices being followed by the Company are in alignment with its philosophy towards corporate governance. The well-defined vision and values of the Company drive it towards meeting the business objectives while ensuring ethical conduct with all stakeholders and in all systems and processes.

Your Company proactively works towards strengthening relationship with constituents of system through corporate fairness, transparency and accountability. In your Company, prime importance is given to reliable financial information, integrity, transparency, fairness, empowerment and compliance with law in letter & spirit. Your Company proactively revisits its governance principles and practices as to meet the business and regulatory needs.

27. Vigil Mechanism & Whistle Blower policy

The Company has a Vigil Mechanism & Whistle Blower policy, to report concern about unethical behavior, actual or suspected fraud or violation of Companys code of conduct or ethics, policies, improper practices or alleged wrongful conduct in the Company may report the same to Chairman of the Audit Committee or on the email id: cs@currentinfra.com. Identity of the Whistle Blower shall be kept confidential to the greatest extent possible. The detailed procedure is provided in the policy and the same is available on official website of the Company at following link: https://www.currentinfra.com/policies/

During the year under review, there were no instances of fraud reported to the Audit Committee/Board.

28. Related Party Transaction

All transactions or arrangements entered into with the related parties for the year under review were on arms length basis and in the ordinary course of business. During the period under review, the transactions that entered with related parties as required under Section 134 (3) (h) of the Companies Act, 2013 have been disclosed in Form AOC 2 is enclosed as Annexure- B. The related party disclosures are provided in the notes to financial statements.

Approval for the transaction(s) which could be considered material in accordance with the applicable provisions of SEBI (LODR) regulation, 2015 have been taken in the 12th Annual General Meeting of the company held on 11th August 2025.

All related party transactions are placed before the Audit Committee for its review and approval. Prior omnibus approval of the Audit Committee are being obtained on an annual basis for the transactions which are planned/ repetitive in nature, and omnibus approvals are taken as per the policy laid down for unforeseen transactions. Related party transactions entered into pursuant to the omnibus approval so granted are placed before the Audit Committee for its review on a quarterly basis, specifying the nature, value and terms and conditions etc. of the transactions. The Policy on Materiality of and Dealing with Related Party Transactions as approved by the Board is available on the website of the Company at the following link: https://www.currentinfra.com/policies/

29. Internal Control System and their adequacy

Your Company has an effective internal control and risk-mitigation system, which are constantly assessed and strengthened with new/ revised standard operating procedures. The Companys internal control system is commensurate with its size, scale and complexities of its operations. The Internal and operational audit is entrusted with M/s. Narnoli & Associates, a Firm of Practicing Chartered Accountants. The main thrust of Internal Audit is to test and review controls, appraisal of risks and business processes, besides benchmarking controls with best practices in the industry.

Your Companys Financial Statements are prepared on the basis of the Significant Accounting Policies and approved by the Audit Committee and the Board. These Accounting policies are reviewed and updated from time to time.

These systems and controls are subjected to Internal Audit, and their findings and recommendations are reviewed by the Audit Committee which ensures the implementation. The Company has a robust Management Information System, which is an integral part of the control mechanism.

The Audit Committee of the Board of Directors, Independent Auditors and the Finance department have periodically been appraising the significant internal audit observations, and the corrective actions have been taken. The Audit Committee plays a key role in providing assurance to the Board of Directors.

30. No Default to Banks / Financial Institutions

The Company has not defaulted in payment of interest and / or repayment of loans to any of the financial institutions and / or banks during the year under review.

31. Energy Conservation, Technology Absorption, Foreign Exchange Earnings and Outgo

The information on conservation of energy, technology absorption and foreign exchange earnings and outgo pursuant to Section 134 (3) (m) of the Companies Act, 2013 read with the Rule 8(3) of the Companies (accounts) Rules, 2014 as amended from time to time is annexed as Annexure - C and forms an integral part of this Report.

32. Business Risk Management

Your Company continues to strengthen its robust Risk Management Framework and the same was reviewed by the Audit Committee periodically. The Audit Committee meets for focused interaction with business, identifying and prioritizing strategic, operational risk and formulating appropriate mitigation strategies and conducting frequent review of the progress on the management of the identified risk. Your company believes that managing risk helps in maximizing return. The companys approach in addressing business risks includes periodical review of such risks and thereby mitigating it effectively. The risk management framework is reviewed periodically by the Board and the Audit Committee.

33. Auditors

a. Statutory Auditors

M/s Rajvanshi & Associates, chartered accountants (FRN: 005069C), Statutory Auditors of the Company have submitted Auditors Report on the financial statements of the Company for the financial year ended on March 31, 2026. There has been no qualification, reservation, adverse remark or disclaimer given by the Statutory Auditors in their Report. The information referred to in the Auditors Report is self-explanatory and do not call for any further comments. In accordance with the provisions of the Act, the appointment of Statutory Auditors is not required to be ratified at every AGM. The Statutory Auditors have confirmed that they are not disqualified to continue as Statutory Auditors and are eligible to hold office as Statutory Auditors of the Company.

b. Secretarial Auditors

M/s. Maheshwari Neetu & Associates, Practising Company Secretaries, have submitted Secretarial Audit Report for the financial year ended on March 31, 2026, and same is annexed as Annexure D and forms part of this Report. There has been no qualification, reservation, adverse remark or disclaimer given by the Secretarial Auditors in their Report. Information referred to in the Secretarial Auditors Report is self-explanatory and do not call for any further comments.

c. Internal Auditors

M/s. Narnoli & Associates, Chartered Accountants, Internal Auditor of the company have submitted its report for the financial year ended on March 31,2026. There has been no qualification, reservation, and adverse remark in the report.

34. Significant & Material Orders passed by the Regulators or Courts

During the financial year under review, no significant or material orders were passed by any regulator, court, tribunal or statutory authority which would impact the going concern status of the Company or its future operations.

Further, there are no material litigations or legal proceedings pending against the Company which may have a material impact on its business, financial position or operations.

35. Environment & Safety

The Company is conscious of the importance of environment friendly and safe operations. The companys policy requires conduct of operations in such a manner so as to ensure safety of all concerned compliance of environmental regulations and preservation of natural resources.

As required by the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, the Company has formulated and implemented a policy on prevention of sexual harassment at the workplace with a mechanism of lodging complaints. All women employees (permanent, contractual, temporary, trainees) are covered under this policy. During the year, no complaints were received bythe Company under Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

The company has complied with provisions relating to the constitution of Internal Complaints Committee under the Act to redress complaints received regarding sexual harassment.

Further, the Company has also complied with all the provisions relating to the Maternity Benefits Acts, 1961.

36. Human Resources

Your Company believes that its manpower is an asset for the company and enjoys a strong brand image as a preferred and caring employer. The ongoing focus is on attracting, retaining and engaging talent with the objective of creating a robust talent pipeline at all levels. Value-based HR programmes have enabled your Companys HR team to become strategic partners for the business. Your company laid stress to build a women-friendly workplace by introducing various initiatives for the development of women employees in the organization. Your Company has focused on internal talents and nurtures them through the culture of continuous learning and development, thereby building capabilities for creating future leaders. Your companys initiatives like a hiring freeze at some levels, robust talent review, career development conservations and best-in- class development opportunities, which will help to enhance the employees experience at your Company. The Companys Human Resources plays a critical role in your Companys talent management process.

37. Particulars of Employees

The Disclosure as required under Section 197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is annexed as Annexure - E and forms a part of this report.

Information required under Section 197(12) of the Act read with Rule 5(2) and Rule 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 has been given in Annexure- F and forms a part of this report. If any Shareholder is interested in obtaining information as described under first proviso to the Rule 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, he/she may, before the date of forthcoming Annual General Meeting, write to the Company Secretary in this regard.

38. Subsidiaries, Associates and Joint Ventures

Company is having Subsidiary Companies undertake the activity of Solar Power Projects. The Company has (Four) Subsidiary Companies therefore Company has prepared consolidated financial statement for the financial year ended 2025-26. The Salient features of the financial statement of the Subsidiary Companies in Form AOC-1 has been annexed as Annexure - G¹ to the Directors Report.

1. Current Infra Bolnada Solar Private Limited

2. Current Infra Talabera Solar Private Limited

3. Current Infra Ompura Solar Private Limited

4. Current Infra Dhanbad Solar Private Limited

Further, based on Financial Statement as on March 31, 2026, there are no material subsidiary of the Company as per the requirements of the SEBI Listing Regulations

39. Certificate of non-disqualification

Pursuant to Regulation 34(3) and Schedule V Para C clause (10) (i) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, certificate confirming non-disqualification of directors of the company is annexed as Annexure - H to the Directors Report.

40. 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:

A. there were no fraud reported by the auditors to the Audit Committee or the Board under provisions of the Companies Act, 2013;

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

C. There were no revisions in the financial statements;

D. Issue of share (including sweat equity shares) to employees of the Company under any scheme as permitted under any provision of Companies Act, 2013.

E. Companies are not required to maintain cost records as specified by the Central Government under section 148(1) of the Companies Act, 2013.

F. Material changes and commitments after the closure of the financial year till the date of this Report, which affects the financial position of the Company.

All Policies as required under the Act or the SEBI LODR Regulations are available on the website of the Company i.e. https://www.currentinfra.com/policies/.

No application has been made under the Insolvency and Bankruptcy Code; hence the requirement to disclose the details of application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 during the year along with their status as at the end of the financial year is not applicable; and

The requirement to disclose the details of difference between amount of the valuation done at the time of onetime settlement and the valuation done while taking loan from the Banks or Financial Institutions along with the reasons thereof, is not applicable.

41. Acknowledgments

Your directors thank various Central and State Government Departments, Organizations and Agencies for the continued help and cooperation extended by them. The Directors also gratefully acknowledge all stakeholders of the Company viz. customers, members, dealers, vendors, banks and other business partners forthe excellent support received from them during the year.

Your directors also wish to convey their appreciation for collective contribution & hard work of employees across all levels. The Board also takes this opportunity to express its deep gratitude for the continued co-operation and support received from its valued shareholders and their confidence in management and look forward to their continued support in future too.