Equippp Social Impact Technologies Ltd Directors Report

To, The Members of

EQUIPPP SOCIAL IMPACT TECHNOLOGIES LIMITED

Dear Members,

Your directors take pleasure in presenting the Thirty-fourth (34th) Annual Report of EQUIPPP Social Impact Technologies Limited ("Company" or "EQUIPP") together with the Audited Financial Statements for the Financial Year ("F.Y.") ended March 31st, 2026 and Auditors Report thereon.

COMPANYS FINANCIAL PERFORMANCE:

The performance of the Company is summarized below:

(Amount in Rs. in Lakhs)

Particulars	Standalone FY 2025-26	Standalone FY 2024-25	Consolidated FY 2025-26	Consolidated FY 2024-25
Income from operations	145.99	126.26	4479.12	713.96
Other Income	4.5	3.77	18.33	0.43
Total Income from operations (A)	150.49	130.03	4497.45	714.39
Expenses:
a) Purchases	-	-	11.35	25.00
b) Employee benefits expense	52.85	25.49	3183.42	300.36
c) Finance costs	-	54.78	10.65	5.59
d) Depreciation and amortisation	38.29	25.77	71.26	27.38
e) Other expenses	59.71	67.00	973.42	193.43

Rs

Particulars	Standalone FY 2025-26	Standalone FY 2024-25	Consolidated FY 2025-26	Consolidated FY 2024-25
Total expenses (B)	150.84	173.04	4250.05	601.75
Profit/(Loss) before exceptional items and tax (A-B)	(0.35)	(43.01)	247.41	12.64
Less: Exceptional items	-	-	247.41	12.64
Profit/(Loss) before tax	(0.35)	(43.01)	247.41	12.64
Less: Tax expense	-	-	66.79	54.47
Net Profit/(loss) for the period	(0.35)	(43.01)	180.60	58.16
Other Comprehensive Income (OCI)	-	-	2.3601	(0.14)
Total comprehensive income for the year	(0.35)	(43.01)	182.96	58.02
Basic EPS (In Rs.)	(0.00)	(0.04)	0.18	0.06
Diluted EPS (In Rs.)	(0.00)	(0.04)	0.18	0.06

Note: Previous years figures have been regrouped/reclassified wherever necessary to correspond with the current years classification/disclosure.

FINANCIAL SUMMARY:

The Consolidated and Standalone Financial Statements of the Company for the year ended March 31st, 2026 have been prepared in accordance with Indian Accounting Standards (IND-AS), the relevant provisions of sections 129 and 133 of Companies Act, 2013 (hereinafter referred to as "the Act"), Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as "SEBI Listing Regulations"), which have been reviewed by the Statutory Auditors.

Standalone Performance

The total revenue of the Company for FY 2025-26 stood at Rs. 150.49 Lakhs. The Company has incurred a loss of Rs. 0.35 Lakhs for FY 2025-26, while it incurred a loss of Rs. 43.01 Lakhs in the previous year.

Consolidated Performance

During the Financial Year period ended March 31st, 2026, the total consolidated Revenue of the Company stood at Rs. 4497.45 Lakhs and in the consolidated financials the company has earned a Net profit of Rs. 182.96 where it incurred a profit of 58.02 in the previous financial year.

DIVIDEND:

As there is no profit under the financial year under review and in order to achieve significant milestones and robust financial performance, the Board of Directors has chosen not to declare any dividends for FY 2025-26. This decision reflects our dedication to enhancing shareholder value through sustained growth initiatives and prudent capital management. We remain focused on optimizing our resources to capitalize on future opportunities and maximize long-term shareholder returns. Further the Dividend Distribution Policy as per Regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to the Company as it does not fall under top 1000 Listed Companies based on its market capitalization as at the end of the Financial Year March 31st, 2026.

TRANSFER TO GENERAL RESERVES:

The Company has not transferred any amount to the General Reserve Account during the Financial Year ended 31st March, 2026.

CHANGE IN THE NATURE OF BUSINESS, IF ANY:

During the FY 2025-26, there was no change in the nature of the Business.

BUSINESS OVERVIEW:

EQUIPPP Social Impact Technologies Limited ("EQUIPP" or "the Company") is a technology-led company focused on enabling cross-sector collaboration between governments, enterprises, social enterprises, non-profit organisations, CSR institutions, investors and other stakeholders.

"Cross-sector collaboration is the new infrastructure for impact" is central to the Companys evolving business model. EQUIPP brings together digital platforms, social-tech professionals and an impact assessment marketplace to design, finance, implement and measure high-impact initiatives.

The Companys business spans PPP & Cross Sector Collaboration Solutions, GCC & Talent Solutions, and Tech for Good, supported by its technology and intellectual property capabilities. Its platforms and solutions address emerging opportunities across digital transformation, PPP, P4, CSR, ESG, Social Stock Exchange and impact assessment.

With a focus on technology-enabled and scalable solutions, EQUIPPP aims to create an integrated ecosystem and web that connects technology, capital and stakeholders to address sector wise and geography wise challenges and opportunities.

OUTLOOK:

Outlook is covered in Management Discussion and Analysis forming part of this Annual Report.

MANAGEMENT DISCUSSION AND ANALYSIS:

Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), the Management Discussion and Analysis is presented in a separate section forming part of this Annual Report. As required under the provisions of the Listing Regulations, the Audit Committee of the Company has reviewed the Management Discussion and Analysis report of the Company for the year ended March 31, 2026.

SHARE CAPITAL:

a) Authorized Share Capital:

There was no change in the Authorized Capital of the Company during the Financial Year 2025-2026. The Authorized Share Capital of the Company as at March 31st, 2026 stood at Rs. 56,00,00,000/- divided into 56,00,00,000 Equity Shares of Rs.1 each.

b) Issued, Subscribed and Paid-up Share Capital:

Issued, Subscribed and Paid-up Share Capital of the Company is Rs. 10,30,95,225/- divided into 10,30,95,225 Equity Shares of Rs.1/- each.

PROMOTERS OF THE COMPANY:

The promoters of the Company have consistently demonstrated their confidence in its long-term prospects by providing financial support as needed. The following is the promoters shareholding as on March 31, 2026:

Promoter	Shares	Percentage
M/s. Equivas Capital Private Limited	8,02,69,393	77.86%
M/s. Srijia Hotels & Properties Private Limited	49,08,238	4.76%
Mr. Vivek Kumar Ratakonda	48,77,153	4.73%

LISTING WITH STOCK EXCHANGES AND DEPOSITORY SERVICES:

The Equity Shares of the Company are listed on the National Stock Exchange of India Limited (NSE) with Symbol "EQUIPP" and BSE Limited (BSE) under Permitted to Trade Category with scrip code No. 590057. The annual Listing Fee for the Financial Year 2025-2026 has been paid to the National Stock Exchange of India Limited (NSE). There was no suspension on shares of the Company during the year.

There was no suspension on shares of the Company during the year.

Further, the Companys Equity Shares have been admitted to the depository mechanism of the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). As a result, the Investors have an option to hold the Shares of the Company in a Dematerialized Form in either of the two Depositories.

HUMAN RESOURCES:

A Companys continued success depends on the ability to attract, develop and retain the best talent at every level. The Companys Human Resource (HR) practices ensure a fair and reasonable process for all-round development of its talent. The Company strives to maintain a skilled and dedicated workforce, representing diverse experiences and viewpoints.

CREDIT RATINGS:

The Company has not issued any Debt Instruments hence do not require Credit rating as per RBI guidelines.

HOLDING, SUBSIDIARY, ASSOCIATE COMPANIES AND JOINT VENTURES:

With effect from 03rd June, 2021, Equivas Capital Private Limited is the holding Company by virtue of holding 86.89% of the Equity Shares of the Company. (Present holding in Equippp by Equivas is 77.86)

The company incorporated a wholly owned subsidiary on 25th June, 2022 by the name Equivas Tech Innovations Limited, as a part of restructuring its business.

The Company has acquired 65% stake in Equippp Three Point O Labs Technologies Private Limited, making it a Subsidiary entity of EQUIPPP w.e.f. January 06, 2024.

The Company incorporated a wholly owned subsidiary on February 20, 2024 in the name EQUIPPP Desi Investments Private Limited.

The Company has entered into a Joint Venture agreement with Seneca Global IT Services Private Limited (SenecaGlobal) on July 22, 2023, pursuant to which Company incorporated an LLP on February 23, 2024 in the name of EQUIPPP AND SGIT JV LLP.

Company has acquired 51% stake in Technogen India Private Limited, it has become a material subsidiary effective 19th March 2025.

The company has incorporated a Subsidiary with infusion of 51% of Capital in the name and style of Equippp Technogen (SBU) Private Limited.

The company acquired a 65% stake in EQUIPPP INC, a Delaware based entity, during the year under review.

The company incorporated a wholly owned subsidiary on 22nd December, 2025 in the name P4 Goods and Service Private Limited, as a part of restructuring its business.

A report on the financial position of each of the subsidiaries as per the Act is provided in Form AOC-1 attached as Annexure A

Apart from the above, the Company does not have any other Associates or Subsidiaries nor has entered into any other Joint Venture Agreements.

CONSOLIDATED FINANCIAL STATEMENTS

During the year, the Board of Directors reviewed the affairs of the subsidiaries and prepared consolidated financial statements (CFS) of the Company and its subsidiaries for the financial year 2025-26 in compliance with the provisions of Section 129(3) of the Companies Act, 2013 and as stipulated under Regulation 33 of the Listing Regulations as well as in accordance with Indian Accounting Standards (IND AS) notified under the Companies (Indian Accounting Standards) Rules, 2015. The consolidated financial statements have been prepared on the basis of audited financial statements of the Company, its subsidiaries as approved by the respective Board of Directors. The audited CFS together with the Auditors Report thereon forms part of this Annual Report. Pursuant to the provisions of Section 136 of the Act the audited financial statements including consolidated financial statements and related information of the Company and audited accounts of the each of its subsidiaries are available on Companys website at https://equippp.in/disclosure-page-subsidiary-company-financials/ The annual accounts of the subsidiaries and related detailed information will be made available to investors seeking information till the date of the AGM.

MEETINGS OF THE BOARD:

During the period under review, the Board of Directors met 5 (Five) times viz. on 30-05-2025, 12-08-2025, 05-09-2025, 12-11-2025, and 12-02-2026. The intervening gap between the meetings was within the period prescribed under the Companies Act, 2013 and the SEBI Listing Regulations.

The details of the meetings of the board of directors of the company convened during the financial year, the attendance of the members thereof and other requisite details are given in the Corporate Governance Report which forms part of this Annual Report.

Sr. No	Date of Board Meeting	Board Strength	No. of Directors present
1	30-05-2025	09	09
2	12-08-2025	09*	09
3	05-09-2025	10	07
4	12-11-2025	10	10
5	12-02-2026	10	10

DIRECTORS AND KEY MANAGERIAL PERSONNEL:

The list of Directors of the Company as on 31st March, 2026 are as follows:

Name	Date of appointment	DIN/PAN	Category
Dr. Narendra Mairpady	05/11/2021	00536905	Chairman & Non-Executive Independent Director
Ms. Deepali	14/08/2023	07707780	Non-Executive Non-Independent Director
Ms. Krithika Jayaraman	13/02/2024	08006421	Non-Executive Non-Independent Director
Ms. Madhuri Venkata Ramani Viswanadham	13/02/2024	08715322	Non-Executive Independent Director
Mr. Rajinkanth Ivaturi	15/09/2022	08298292	Non-Executive Independent Director
Ms. Alekha Boora	15/09/2022	08703918	Non-Executive Independent Director
Ms. Vindhya Dronamraju	05/11/2021	03169319	Whole Time Director
Mr. Sreenivasa Chary Kalmanoor	18/03/2021	09105972	Executive Director
Mr. Venkataraman Subramanian	15/04/2024	00357727	Non-Executive Independent Director
Mr. Ajay Kumar Singh	12/08/2025	08532830	Non-Executive Independent Director

Details of Key Managerial Personnel as on 31st March, 2026:

Name of the KMP	Designation
Ms. Vindhya Dronamraju	Whole Time Director
Mr. Amol Arvind Palkar	Chief Executive Officer
Ms. Pooja Sharma	Company Secretary and compliance officer

Details of Changes in the Board of Directors and Key Managerial Personnel:

During the financial year 2025-26, Dr. Ajay Kumar Singh was appointed as an Independent Director of the Company with effect from August 12, 2025.

The Board is of the opinion that he possesses requisite skills, qualifications, experience, knowledge and fulfil the conditions of independence as specified in the said Act, Rules and Regulations.

Details of Directors retire by rotation:

Pursuant to provisions of section 152(6) of the Companies Act, 2013 (the "Act") and in terms of the Memorandum and Articles of Association of the Company, Ms. Vindhya Dronamraju, Whole Time Director, is liable to retire by rotation at the ensuing Annual General Meeting and being eligible, has offered herself for re-appointment. The re-appointment is being placed for members approval at the 34th Annual General Meeting.

As per Secretarial Standard - 2 of the Institute of Company Secretaries of India (ICSI) and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), the Members of the Company may wish to refer to the accompanying notice of the 34th Annual General Meeting of the Company, for a Brief profile of the Director.

Re-Appointment of Dr. Narendra Mairpady (DIN: 00536905), Independent Director for Second Term of 5 Consecutive Years:

Based on the recommendations of Nomination and Remuneration Committee (NRC), the Board at its meeting held on August 12, 2026, approved re-appointment of Dr. Narendra Mairpady (DIN: 00536905) as Independent Director of the Company for a second term of five (5) years i.e from November 05, 2026 to November 04, 2031 subject to the approval of shareholders under section 149 and all other applicable provisions of the Companies Act, 2013 read with SEBI (LODR) Regulations, 2015 at the ensuing annual general meeting of the Company.

Accordingly, resolution is being proposed in the notice of 34th AGM along with explanatory statement thereof, for approval of members of the Company by passing special resolution. Pursuant to the provisions of Regulation 36 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Secretarial Standard 2 on General Meetings issued by Institute of Company Secretaries of India (ICSI), brief particulars of the directors proposed to be appointed/re-appointed are provided as an Annexure-A to the notice convening the AGM. The Board recommends the Special Resolution set out at Item No. 5 of the Notice for approval of the Members.

Appointment:

After the completion of the financial year Mr. Vegendla Srinivasa Rao, (DIN: 02159947), was appointed as Additional Director (Non-Executive Non-Independent) of the company with effect from July 20, 2026. Further the NRC and Board at its meeting held on August 12, 2026 has recommended the appointment of Mr. Vegendla Srinivasa Rao, (DIN: 02159947), as Non-Executive Non-Independent Director of the Company to the shareholders of the company at the ensuing Annual General Meeting vide Ordinary Resolution as set out in the Item No. 3 of the Notice.

The Board is of the opinion that he possesses requisite skills, qualifications, experience and knowledge.

DECLARATION BY INDEPENDENT DIRECTORS:

The Company has received Declarations/Confirmations from all the Independent Directors of the Company as required under Section 149(6) of the Companies Act, 2013 read with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014 and Regulation 25(8) of the Listing Regulations. There has been no change in the circumstances, which has affected their status as Independent Directors. They are independent of the Management and are not related to any of the Directors or Key Managerial Personnel of the Company. The Board is of the opinion that the Independent Directors of the Company possess requisite skills, qualifications, experience, knowledge and fulfil the conditions of independence as specified in the said Act, Rules and Regulations. The Non-Executive Directors of the Company had no pecuniary relationship other than payment of sitting fee for attending meetings of Board of Directors and its Committees.

All the Independent Directors of the Company have registered themselves in the data bank maintained with the Indian Institute of Corporate Affairs and have confirmed their compliance with Rule 6 of the Companies (Appointment & Qualification of Directors) Rules, 2014 and as applicable shall undergo online proficiency self-assessment test within the time prescribed by the IICA.

COMMITTEES OF BOARD:

The Board has established following Committees in compliance with the requirements of the relevant provisions of applicable laws and statutes:

• Audit Committee
• Nomination and Remuneration Committee
• Stakeholders Relationship Committee

The Committees constituted by the Board focus on specific areas and take informed decisions within the framework of delegated authority, and make specific recommendations to the Board on matters within their areas or purview. The Decisions and Recommendations of the Committees and Minutes of Meeting of the Committees are placed before the Board for information and/or for approval, as required. During the year under review, all recommendations received from various Committees were accepted by the Board.

The details pertaining to the composition of the various Committees of Board and details of their meeting held are included in the Corporate Governance Report, which is a part of this report. There were no instances during the financial year under review, wherein the Board had not accepted any recommendations made by any Committee of the Board.

POLICY FOR DETERMINING DIRECTORS ATTRIBUTES AND REMUNERATION OF DIRECTORS, KEY MANAGERIAL PERSONNEL AND SENIOR MANAGEMENT STAFF:

Pursuant to Section 178 of the Act, the Board has devised Nomination and Remuneration Policy for determining Director Attributes and Remuneration of Directors, Key Managerial Personnel and Senior Management Staff. The Board Diversity and Remuneration Policy, has been framed to encourage diversity of thought, experience, knowledge, perspective, age and gender on the Board and to ensure that the level and composition of the Board and the Remuneration of Directors, Key Managerial Personnel and one step below the KMP are reasonable and sufficient to attract, retain and motivate them to successfully run the Company. The said Policy is available on the website of the Company and can be accessed at the web link: https://equippp.in/corporategovernance/

MECHANISM FOR EVALUATION OF THE BOARD

Pursuant to the provisions of the Companies Act, 2013 and the Listing Regulations the Board has carried out an annual evaluation of its own performance and that of its Committees as well as performance of the Directors individually. Feedback was sought by way of a structured questionnaire covering various aspects of the Boards functioning such as adequacy of the composition of the Board and its Committees, Board culture, execution and performance of specific duties, obligations and governance and the evaluation was carried out based on responses received from the Directors.

The evaluation is performed by the Board, Nomination and Remuneration Committee and Independent Directors with specific focus on the performance and effective functioning of the Board and Individual Directors.

In line with SEBI Circular No. SEBI/HO/CFD/CMD/CIR/P/2017/004, dated January 05, 2017, the Company has adopted the criteria recommended by the SEBI. The Directors were given Six Forms for evaluation of the following:

a. Evaluation of the Board;
b. Evaluation of Committees of the Board;
c. Evaluation of Independent Directors;
d. Evaluation of Chairperson;
e. Evaluation of Non-Executive and Non-Independent Directors; and
f. Evaluation of Whole-time Director and Executive Director.

The Directors were requested to give following ratings for each criteria:

1. Could do more to meet expectations;
2. Meets expectations; and
3. Exceeds expectations.

A report on the above evaluation has been prepared and submitted to the Chairman with feedback for continuous improvement.

In a separate meeting held on 23rd December, 2025, the Independent Directors evaluated the performance of Non-Independent Directors and performance of the Board as a whole. They also evaluated the performance of the Chairman taking into account the views of Executive Director and Non-Executive Directors. The NRC reviewed the performance of the Board, its Committees and of the Directors. The same was discussed in the Board Meeting that followed the meeting of the Independent Directors and NRC, at which the feedback received from the Directors on the performance of the Board and its Committees were also discussed.

FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS:

The Board Members of the Company are provided with comprehensive opportunities to familiarize themselves with the organisation, its leadership, and its operations. To facilitate a deeper understanding of the Companys business, operational framework, and industry landscape, Directors are given access to all relevant documents and materials.

Independent Directors receive a formal letter of appointment outlining their roles, responsibilities, and terms of engagement at the time of their induction. Additionally, Executive Directors and Senior Management offer an overview of the Companys operations, ensuring that newly appointed Non-Executive Directors gain insights into the organisations core values and commitments. They are also introduced to the organisational structure, the composition of various committees, board procedures, and risk management strategies.

Strategic presentations are conducted for the Board, allowing Directors to engage with Senior Management. Regular updates on the Companys developments are communicated through press releases, emails, and other channels. Periodic presentations by Senior Management provide the Board with insights into the Companys operations, strategic initiatives, risk factors, and new business developments, encouraging discussion and feedback. Furthermore, Directors receive ongoing briefings on their responsibilities and duties as they evolve. The Board is also kept informed of significant regulatory changes to ensure compliance and effective governance. The familiarisation programme along with terms and conditions of appointment of Independent Directors is disclosed on the Companys website at https://equippp.in/wp-content/uploads/2026/01/Familiarization-Programme-for-Website-Disclosure.pdf and https://equippp.in/wp-content/uploads/2026/06/Terms and conditions of appointment of Independent Directors.docx.pdf

PARTICULARS OF EMPLOYEES AND REMUNERATION OF DIRECTORS:

Disclosures pertaining to remuneration and other details 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 (Rules) are enclosed as Annexure B to this Report.

REPORTING OF FRAUDS:

There have been no instances of fraud reported by the Auditors under Section 143 (12) of the Act and Rules framed thereunder, either to the Company or to the Central Government.

MATERIAL CHANGES AND COMMITMENT, IF ANY, AFFECTING FINANCIAL POSITION OF THE COMPANY FROM THE END OF FINANCIAL YEAR AND TILL THE DATE OF THIS REPORT:

There are no material changes and commitments affecting the financial position of the Company which have occurred between the end of the financial year 2025-26 and the date of this report.

EXTRACT OF ANNUAL RETURN:

Pursuant to Section 92(3) read with Section 134(3)(a) of the Act, the Annual Return as on March 31, 2026 would be made available on the Companys website at www.equippp.in

1. In the preparation of the Annual Accounts for the Financial Year ended March 31st, 2026, the applicable Accounting Standards have been followed and there are no material departures from the same;
2. They 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 Loss of the Company for that period;
3. They have taken proper and sufficient care 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;
4. The Annual Financial Statements for the Financial Year ended March 31st, 2026 are prepared on a going concern basis;
5. They have laid down Internal Financial Controls to be followed by the Company and such internal financial controls are adequate and operating effectively;
6. They have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

The Board is of opinion that the Companys Internal Financial Controls are commensurate with the nature of its business and the size and complexity of its operations and were effective during the Financial Year 2025-26.

AUDITORS:

Statutory Auditors and their Report:

M/s. Anjaneyulu & Co, Chartered Accountants (ICAI Firm Registration No. 000180S) were appointed as Statutory Auditors of the Company, at the 30th Annual General Meeting held on December 30th, 2022, for a term of 5 (five) consecutive years i.e., to hold office from the conclusion of 30th Annual General Meeting until the conclusion of 35th Annual General Meeting of the Company to be held in the year 2027.

Further, the aforesaid Statutory Auditors have confirmed that they are not disqualified to act as Auditors and are eligible to hold office as Auditors of your Company.

Further, the report of the Statutory Auditors along with the notes to accounts is enclosed with the Financial Statements. The Auditors have issued an unmodified opinion on the Financial Statements for the financial year ended 31st March, 2026. The Auditors of the Company have not reported any fraud as specified under section 143(12) of the Companies Act, 2013.

Secretarial Auditors and their Report:

Pursuant to Regulation 24A of SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, Section 204 and other applicable provisions, if any, of the Companies Act, 2013, read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the shareholders of the company has appointed M/s. Balaramakrishna & Associates, Practising Company Secretaries (FRN: S2021TL825900) as Secretarial Auditors of the company for FY 2025-26 to 2029-30, to undertake the Secretarial Audit of the Company for the financial year ended 31st March, 2026.

Board Reply for the Secretarial Auditor remarks/observations/qualifications

3.1 The company has not complied with the requirement of the Minimum Public Shareholding as specified in Rule 19(2) and 19A of the Securities Contracts (Regulation) Rules, 1957, for the quarter ended March 31, 2025. For this, the company has received a letter from National Stock Exchange (NSE) imposing a fine of Rs. 5,31,000/- (inclusive of GST of Rs. 81,000) for non-compliance of Regulation 38 of SEBI (LODR).

3.2 The company has not complied with the requirement of the Minimum Public Shareholding as specified in Rule 19(2) and 19A of the Securities Contracts (Regulation) Rules, 1957, for the quarter ended June 30, 2025. For this, the company has received a letter from National Stock Exchange (NSE) imposing a fine of Rs. 7,02,100/- (inclusive of GST of Rs. 1,07,100) for non-compliance of Regulation 38 of SEBI (LODR).

3.3 The company has not complied with the requirement of the Minimum Public Shareholding as specified in Rule 19(2) and 19A of the Securities Contracts (Regulation) Rules, 1957, for the quarter ended September 30, 2025. For this, the company has received a letter from National Stock Exchange (NSE) imposing a fine of Rs. 10,85,600/- (inclusive of GST of Rs. 1,65,600) for non-compliance of Regulation 38 of SEBI (LODR).

3.4 The company has not complied with the requirement of the Minimum Public Shareholding as specified in Rule 19(2) and 19A of the Securities Contracts (Regulation) Rules, 1957, for the quarter ended December 31, 2025. For this, the company has received a letter from National Stock Exchange (NSE) imposing a fine of Rs. 10,85,600/- (inclusive of GST of Rs. 1,65,600) for non-compliance of Regulation 38 of SEBI (LODR).

Board Reply: The Company and the Promoters explored various available options and initiated necessary steps towards achieving Minimum Public Shareholding (MPS) compliance. Efforts were made towards implementation of the proposed course of action; however, owing to ongoing geopolitical tensions and international conflicts affecting the global financial markets and overall market environment, the proposed measures could not be successfully concluded as planned. Nevertheless, the Company and the Promoters remain committed towards achieving the prescribed MPS compliance and shall continue to undertake appropriate measures to complete the same at the earliest possible opportunity.

It may be noted that, on April 7, 2026, SEBI issued a circular providing a one-time relaxation from the applicability of penal provisions for listed entities whose due date for compliance with MPS requirements falls during the period from April 1, 2026 to September 30, 2026. The said relaxation has been issued in the context of the prevailing geopolitical conditions and the resultant challenges and uncertainties affecting the markets. While the said relaxation may not be directly applicable to the Company, the issuance of such a circular reflects the prevailing market environment and the broader circumstances currently impacting listed entities and capital markets.

3.5 The Company has not complied with the provisions of Regulation 24 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 pertaining to its material subsidiary Equippp Desi Investments Private Limited.

Board Reply: Due to the change in management and KMPs, the Company is presently reviewing and rehauling its overall operations and is putting in place a revised action plan. The Company is taking necessary steps to ensure compliance with Regulation 24 at the earliest.

3.6 The Company has not complied with the provisions of Regulation 26A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 relating to filling of vacancy in respect of certain Key Managerial Personnel, which has remained unfilled since January 09, 2024.

Board Reply: The Company is in the process of identifying a suitable and experienced professional for appointment as KMP, considering the Companys current requirements, including MPS compliance and other capital requirements. In the interim, the finance-related responsibilities are being diligently managed by the existing management team, with professional services support from Pre-IPO D&T. The Company intends to fill the vacancy at the earliest.

The Secretarial Audit Report of 2025-26 is annexed herewith as Annexure C.

Pursuant to the circular issued by the SEBI dated 8th February, 2019, Secretarial Auditor has issued the "Annual Secretarial Compliance Report" for the year ended 31st March, 2026, and the same was submitted to the stock exchanges in time.

No fraud has been reported by the Secretarial Auditor during the period under the review.

During the year, the Company has complied with the applicable corporate governance requirements as prescribed under Regulation 24 of Listing Regulations with respect to its subsidiaries and Secretarial Audit for its material subsidiary viz. Technogen India Private Limited was carried out by M/s. K Sindhusha & Associates, Company Secretaries, Hyderabad in terms of Regulation 24A of the Listing Regulations and a copy of the report is annexed to this Board Report as Annexure D. The Secretarial Audit Report of Technogen India Private Limited does not contain any qualification, reservation, adverse remark or disclaimer.

Cost Audit:

During the year under review, maintenance of cost records and requirements of cost audit as prescribed under the provisions of Section 148 (1) of the Companies Act, 2013 are not applicable to the Company.

Internal Auditors:

Your Company has a robust Internal Audit team for carrying out Internal Audit. Pursuant to the provisions of Section 138 of the Companies Act, 2013 and the Companies (Accounts) Rules, 2014, M/s. GBM & ASSOCIATES, Chartered Accountants, Hyderabad, was appointed as the Internal Auditors of the Company for the FY 2025-26 to perform the duties of Internal Auditors of the Company.

The report submitted by the Internal Auditors gets reviewed by the audit committee and board from time to time.

BUSINESS RISK MANAGEMENT:

Company periodically assesses the risk elements, mitigates the different kinds of risks which the Company faces in its day-to-day operations and incorporates such risk mitigation plans in its business operational plans. As on date of this report, your Company does not foresee any critical risk, which threatens its existence.

CORPORATE SOCIAL RESPONSIBILITY:

The provisions of Corporate Social Responsibility are not applicable to the Company as the Company does not come under the ambit of Section 135 of the Companies Act, 2013 read with Companies (Corporate Social Responsibility Policy) Rules, 2014.

PUBLIC DEPOSITS:

The Company has not accepted any deposits from the public under Chapter V of the Companies Act, 2013 during FY 2025-26 and as such, no amount on account of principal or interest on public deposits was outstanding as on March 31st, 2026.

1. accepted during the year: NIL
2. remained unpaid or unclaimed as at the end of the year: NIL

3. whether there has been any default in repayment of deposits or payment of interest thereon during the year and if so, number of such cases and the total amount involved - a. at the beginning of the year: NIL b. maximum during the year: NIL c. at the end of the year: NIL
4. Details of the money received from directors: NIL

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

Details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013, are given in the financial reports forms part of this Annual report. The company has complied with the relevant provisions in this regard.

TRANSACTIONS WITH RELATED PARTIES:

The company entered into transactions with related parties in compliance with the provisions of the Companies Act, 2013 read with rules and the particulars of contracts or arrangements with related parties referred to in Section 188(1) and Regulation 23 of SEBI (Listing obligations and disclosure requirements) Regulations, 2015, all the Related Party Transactions are in ordinary course of business and at arms length.

The Related party transactions are disclosed in the financial statements.

Policy on Materiality of and dealing with Related Party Transactions of the Company is available on the web-site of the Company and can be accessed at the web link: https://equippp.in/corporategovernance/

CORPORATE GOVERNANCE:

The compliance with the corporate governance provisions as specified in regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clauses (b) to (i) and (t) of sub-regulation (2) of regulation 46 and para C, D and E of Schedule V shall not apply, in respect of -

(a) a listed entity having paid up equity share capital not exceeding rupees ten crore and
(b) net worth not exceeding rupees twenty-five crore, as on the last day of the previous financial year.

Since the net worth of the company as on March 31, 2026, continues to be less than Rs.25 Crores, the above-mentioned provisions are not applicable to the Company. However, out of abundant caution the Company has furnished the Corporate Governance Reports to the NSE & BSE for all quarters of FY 2025-26, the NSE had held that the Company had to comply with the CG provisions and imposed penalties for non-compliance/delayed compliance under Listing Agreements and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

The Company is contesting the aforesaid issue of applicability of provisions relating to Corporate Governance.

Though the applicability of Corporate Governance norms for the FY 2025-26 is in question, the Company has decided to implement Corporate Governance provisions as a good practice.

A detailed report on Corporate Governance forms part of this Report as Annexure F. The Secretarial Auditors of the Company have examined the Companys compliance and have certified the same as required under the Listing Regulations. A copy of the certificate on corporate governance is reproduced in this Annual Report.

BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT:

The Company doesnt fall under the Top 1000 Companies as per market capitalization as on 31st March 2026. Hence the disclosures relating to Business Responsibility and Sustainability Report are not applicable for FY 2025-26.

COMPLIANCE WITH SECRETARIAL STANDARDS:

The Board of Directors affirms that the Directors have devised proper systems to ensure compliance with the provisions of all applicable Secretarial Standards issued by the Institute of Companies Secretaries of India and that such systems are adequate and operating effectively. The Company has complied with the applicable Secretarial Standards.

VIGIL MECHANISM/WHISTLE BLOWER POLICY:

In Compliance with Section 177(9) of the Act and Regulation 22 of SEBI Listing Regulation, the Company has adopted a Whistle Blower Policy. The Audit Committee oversees the functioning of this policy. The Companys vigil mechanism/Whistle blower Policy aims to provide the appropriate platform and protection for whistle blowers to report instances of fraud and mismanagement, if any, to promote reporting of any unethical or improper practice or violation of the Companys Code of Conduct or complaints regarding accounting, auditing, internal controls or suspected incidents of violation of applicable laws and regulations including the Companys code of conduct or ethics policy or Code of Conduct for Prevention of Insider Trading in the Company, Code of Fair practices and Disclosure. The Vigil Mechanism provides a mechanism for employees of the Company to approach the Chairman of the Audit Committee of the Company for redressal.

The Policy is available on the website of the Company and the web link for the same is https://equippp.in/wp-content/uploads/2022/07/Whistle-Blower-Policy.pdf

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS OF THE COMPANY:

There were no material orders passed by any Regulator or Courts or Tribunals impacting the going concern of the Company during the FY 2025-26.

ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:

The information on conservation of energy, technology absorption and foreign exchange earnings and outgo stipulated under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014, is annexed herewith as Annexure E

DISCLOSURE AS PER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013:

The Company has in place an Anti-Sexual Harassment Policy in line with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. All employees (permanent, contractual, temporary and trainees) are covered under this policy. The Company has also complied with the provisions related to the constitution of an Internal Complaints Committee (ICC) under the said Act to redress complaints received regarding sexual harassment. During the Financial year the Company has not received any complaints on sexual harassment.

PARTICULARS	NO. OF COMPLAINTS
No. of Sexual Harassment complaints received in the year	Nil
No. of Sexual Harassment complaints resolved during the year	Nil
No. of Sexual Harassment complaints pending for more than 90 days	Nil

COMPLIANCE WITH MATERNITY BENEFIT ACT 1961:

The company is complying with the requirements under the provisions of Maternity Benefit Act 1961. All the employees are covered under this maternity policy placed in the company.

INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The company has a robust Internal Control System commensurate with the size and scale of its operations. Roles and responsibilities are clearly defined and assigned. A reputed Chartered Accountants firm has also been engaged for Internal Audit. The Audit Committee reviews the adequacy and effectiveness of Internal Control Systems and provides guidance for further strengthening them.

TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND:

The company did not have any funds lying unpaid or unclaimed for a period of Seven years. Therefore, there were no funds which were required to be transferred to investor Education and Protection Fund (IEPF).

CODE OF CONDUCT FOR PREVENTION OF INSIDER TRADING:

Pursuant to the provisions of Regulations 8 & 9 of SEBI (Prohibition of Insider Trading) Regulations, 2015, the Board of Directors has formulated, implemented and has in place a comprehensive "Code of Fair Disclosure of Unpublished Price Sensitive Information" & "Code of Conduct for Prevention of the Insider Trading" (hereinafter known as "Codes of Conduct") for regulating, monitoring and reporting the trading by Designated persons of the Company which exemplifies the spirit of good ethics and governance and is applicable to the Designated Personnel of the Company which includes Promoters, Promoter Group, KMPs, Directors, Senior Management and such other employees of the Company and others in fiduciary relationships and as may be approved by the Board of Directors, from time to time, based on the fact of having access to unpublished price sensitive information. The said Codes lays down guidelines advising the Designated Personnel on procedures to be followed and disclosures to be made while dealing with the securities of the Company.

The "Code of Fair Disclosure of Unpublished Price Sensitive Information" is placed on the website of the Company at https://equippp.in/corporategovernance/

1. Buy Back: There have been no such cases during the year 2025-26.
2. Sweat Equity: There have been no such cases during the year 2025-26.
3. Bonus Issue: There have been no such cases during the year 2025-26.
4. Employee Stock Option Plan (ESOPs): There have been no such cases of ESOPs issue during the year 2025-26.

DETAILS OF APPLICATION MADE OR PROCEEDING PENDING UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016:

During the year under review, to our knowledge, there were no applications made or proceedings pending in the name of the Company under the Insolvency Bankruptcy Code, 2016.

DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE TIME SETTLEMENT AND VALUATION WHILE AVAILING LOAN FROM BANKS AND FINANCIAL INSTITUTIONS:

During the year under review, there was no incident of one-time settlement of loans taken from Banks and Financial Institutions. Hence, the disclosure under this heading is not applicable to the Company.

ACKNOWLEDGEMENTS:

Your directors wish to place on record their gratitude to the Companys Business Associates, Trade Partners, Dealers, Customers, Shareholders, Vendors, Bankers, Technology Providers and other Stakeholders all over India and Overseas for the continued support and cooperation extended by them to the Company during the Year. Your Board also thanks the Government of India, State Governments and other Government Authorities for their continued support and encouragement to the Company and look forward to their support in the future.

The Directors appreciate and value the contribution made by every member of the EQUIPPP Family.

For and on behalf of Board of Directors of EQUIPPP SOCIAL IMPACT TECHNOLOGIES

LIMITED

Place: Hyderabad

Date: 12-08-2026

Sd/-

Mrs. Vindhya Dronamraju

Whole Time Director DIN: 03169319

Sd/-

Mr. Sreenivasa Chary Kalmanoor

Executive Director

DIN: 09105972