Global Pet Industries Ltd Directors Report

To,

The Members of

Global Pet Industries Limited

Your Directors have pleasure in presenting the 13th (Thirteenth) Annual Report on the business and operations of your Company together with the Audited Financial Statements for the Financial Year ended March 31, 2026.

1. ANNUAL RETURN

Pursuant to the provisions of Section 92(3) of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014, a copy of the Annual Return in the prescribed form for the Financial Year ended March 31, 2026, will be filed with the Registrar of Companies and is also made available on the Companys website at https://globalpetind.com/annual-return/.

2. DISCLOSURES WITH REGARD TO MEETINGS OF THE BOARD AND ITS COMMITTEES (a) BOARD MEETINGS

Sr. No.	Date of meeting (DD/MM/YYYY)	Total Number of directors as on the date of meeting	Attendance
			Number of directors attended	% of attendance
1.	30/05/2025	5	5	100
2.	30/08/2025	5	5	100
3.	13/11/2025	5	5	100
4.	26/12/2025	6	6	100
5.	17/02/2026	6	6	100

(b) COMMITEE MEETINGS

Sr. No.	Type of meeting	Date of meeting (DD/MM/YYYY)	Total Number of members as on the date of meeting	Attendance
				Number of members attended	% of attendance
1.	Nomination and Remuneration Committee	30/05/2025	3	3	100
2.	Nomination and Remuneration Committee	30/08/2025	3	3	100
3.	Nomination and Remuneration Committee	13/11/2025	3	3	100
4.	Audit Committee	30/05/2025	3	3	100
5.	Audit Committee	30/08/2025	3	3	100
6.	Audit Committee	13/11/2025	3	3	100
7.	Audit Committee	17/02/2026	3	3	100
8.	Stakeholder Relationship Committee	30/05/2025	3	3	100
9.	Independent Director Meeting	17/02/2026	3	3	100

3. DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to the provisions of Section 134(5) of the Companies Act, 2013, in relation to the Audited Financial Statements of the Company for the Financial Year ended March 31, 2026, the Board of Directors, to the best of their knowledge and belief and based on the information and explanations received, hereby confirm that:

a) in the preparation of the annual financial statements for the year ended March 31, 2026, the applicable accounting standards have been followed and there are no material departures;

b) the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2026, and of the profit of the Company for the year ended on that date;

c) the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) the Annual Financial Statements have been prepared on a going concern basis;

e) the Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls were adequate and operating effectively; and

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

4. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SECTION 143 (12) OF THE ACT

During the year under review, pursuant to the provisions of Section 143(12) of the Companies Act, 2013 read with the rules made thereunder, the Statutory Auditors and Secretarial Auditors of the Company have not reported any instances of fraud involving officers or employees of the Company to the Audit Committee or the Board of Directors.

5. DISCLOSURE OF STATEMENT OF DECLARATION BY INDEPENDENT DIRECTORS UNDER SECTION 149(6) OF THE ACT

The Company has received declarations from all Independent Directors pursuant to Section 149(7) of the Companies Act, 2013 and Regulation 25 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming that they meet the criteria of independence as laid down in Section 149(6) of the Act and Regulation 16(1)(b) of the said Regulations. The Independent Directors

have further confirmed compliance with the provisions of Rule 6 of the Companies (Appointment and Qualifications of Directors) Rules, 2014, as amended, relating to the inclusion of their names in the databank of Independent Directors maintained by the Indian Institute of Corporate Affairs.

They have also confirmed that they are not aware of any circumstances or situation which exists or is reasonably anticipated that could impair or impact their ability to discharge their duties with an objective independent judgment and without any external influence.

6. DISCLOSURE FOR COMPANIES COVERED UNDER SECTION 178(1) ON DIRECTORS APPOINTMENT AND REMUNERATION INCLUDING OTHER MATTERS PROVIDED UNDER SECTION 178(3) OF THE ACT

In accordance with the provisions of Section 178 of the Companies Act, 2013 and Regulation 19 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has constituted a Nomination and Remuneration Committee. The Committee has, inter alia, formulated the criteria for determining qualifications, positive attributes, and independence of Directors, as well as a policy relating to the remuneration for Directors, Key Managerial Personnel, and other employees.

The Policy ensures that:

• the level and composition of remuneration is reasonable and sufficient to attract, retain and motivate directors of the quality required to run the Company successfully;

• relationship of remuneration to performance is clear and meets appropriate performance benchmarks; and

• remuneration to directors, key managerial personnel and senior management involves a balance between fixed and incentive pay reflecting short and long-term performance objectives appropriate to the working of the Company and its goals.

The Nomination and Remuneration Policy of the Company is available on the Companys website at https://globalpetind.com/policies/

7. EXPLANATION OR COMMENTS ON QUALIFICATION, RESERVATION OR ADVERSE REMARKS OR DISCLAIMERS MADE BY THE AUDITOR AND COMPANY SECRETARY IN THE AUDIT REPORTS

There were no qualifications, reservations or adverse remarks made by the Auditors in their report.

8. DETAILS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186 OF THE COMPANIES ACT, 2013

During the year under review, the Company has not given any loans, provided any guarantees or made any investments falling within the purview of Section 186 of the Companies Act, 2013 and the rules made thereunder.

9. STATE OF COMPANY AFFAIRS

Your Company is in the business of manufacturing and trading of PET bottles machines for the last 1 decade. It is registered as a Public Limited Company and is listed on the Emerge platform of National Stock Exchange Limited ("NSE Limited").

During the year under review, your Companys total revenue from operations increased to ^5,557.45 (Amount in Lakhs) as compared to ^4,494.29 (Amount in Lakhs) in the previous Financial Year. The Net Profit for the year stood at ^529.86 (Amount in Lakhs) as against ^427.51 (Amount in Lakhs) in the previous Financial Year.

10. TRANSFER TO RESERVES

During the year under review, no amount has been transferred to the General Reserve. The current years profit of ^529.86 (Amount in Lakhs) has been added in the surplus in the Statement of Profit and Loss under the head "Reserves and Surplus."

11. DIVIDEND

In order to conserve resources and strengthen the financial position of the Company, your Directors have not recommended any dividend for the Financial Year ended March 31, 2026.

12. MATERIAL CHANGES AND COMMITMENTS IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THIS FINANCIAL STATEMENT RELATES AND THE DATE OF REPORT

No material changes and commitments affecting the financial position of the Company have occurred between the end of the Financial Year ended March 31, 2026, and the date of this Report.

13. STATEMENT CONCERNING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY OF THE COMPANY

The Company has formulated and implemented a Risk Management Policy in accordance with the provisions of the Companies Act, 2013, to identify, assess, and mitigate various business and operational risks. The policy has been approved by the Board of Directors and is reviewed periodically to ensure that the management of risks is in line with the objectives of the Company. Risk mitigation measures and monitoring mechanisms have also been put in place.

14. DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILITY

(i) Turnover (in Rs.) as on March 31, 2025: 44,94,28,857

(ii) Net Worth (in Rs.) as on March 31, 2025: 50,51,73,853

(iii) Net profits for the last three Financial Years:

Financial Year Ended	Profit Before Tax (in Rs.)	Net Profit Computed u/s 198 Adjusted as per Rule 2(1)(h) of the Companies (CSR Policy) Rules, 2014 (in Rs.)
2024-2025	5,47,76,569	5,47,76,569
2023-2024	2,84,12,638	2,84,12,638
2022-2023	2,69,51,127	2,69,51,127

(iv) Average net profit of the Company for the last three Financial Years (as defined in Explanation to Section 135(5) of the Act) (in Rs.): 3,67,13,444.95

(v) Prescribed CSR Expenditure (2% of the amount mentioned in item (iv) above) (in Rs.): 7,34,268.90

(vi) Total amount spent on CSR for the Financial Year (in Rs.): 7,40,000

• Amount spent in local area (in Rs.): 7,40,000

• Manner in which the amount was spent during the Financial Year: As per Annexure A

Sr. No.	CSR project or activity identified	Sector in which the Project is covered	Projects or programs - Specify the State /Union Territory where the Project/ Program was undertaken	Projects or programs - Specify the district where projects or programs was undertaken	Amount outlay (budget) project or programs wise (in Rs.)	Amount spent on the projects or programs (in Rs.)	Expenditure on Administrative overheads (in Rs.)	Mode of Amount spent
1	Matoshri Jayaben Himmatlal Shah Charitable Trust	Promoting education, healthcare and welfare	Maharashtra	Mumbai	7,40,000	7,40,000	NIL	Other Implementing Agency
	TOTAL				7,40,000	7,40,000

(vii) Details of Implementing Agency(ies): As per Annexure A

(viii) Explanation for Not Spending: Not Applicable

15. DISCLOSURE UNDER RULE 8 OF COMPANIES ACCOUNTS RULES, 2014 REGARDING:

(a) CONSERVATION OF ENERGY AS PER RULE 8(3)(A)

The nature of operations of the Company does not require disclosure of particulars relating to conservation of energy, as prescribed under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014.

(b) TECHNOLOGY ABSORPTION AS PER RULE 8(3)(B)

The nature of operations of the Company does not require disclosure of particulars relating to technology absorption, as prescribed under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014.

(c) FOREIGN EXCHANGE EARNINGS & OUTGO AS PER RULE 8(3)(C)

During the year under review, the Company had ^811.98 (Amount in Lakhs) foreign exchange earnings and ^85.37 (Amount in Lakhs) foreign exchange outgo.

16. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES AND REPORT ON THEIR PERFORMANCE

Your Company did not have any Subsidiaries, Joint Ventures, or Associate Companies during the year under review.

17. STATEMENT REGARDING INTEGRITY. EXPERTISE AND EXPERIENCE OF THE INDEPENDENT DIRECTORS

The Board of Directors is of the opinion that the Independent Directors of the Company possess the requisite qualifications, expertise, and experience in their respective fields. They uphold the highest standards of integrity and are independent of the management of the Company in terms of the provisions of the Companies Act, 2013 and applicable rules.

18. DETAILS IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENTS

The Company has in place an internal financial control system commensurate with the nature, scale, and complexity of its operations. The internal controls are designed to provide reasonable assurance regarding the reliability of financial reporting, compliance with applicable laws and regulations, and the effectiveness and efficiency of operations.

Based on the framework of internal financial controls maintained by the Company and the reviews carried out by the management and the Board, it is the opinion of the Board that the Companys internal financial controls were adequate and operating effectively during the year under review.

19. MAINTENANCE OF COST RECORDS

The maintenance of cost records as specified under sub-section (1) of Section 148 of the Companies Act, 2013 is not applicable to the Company, as such requirements have not been prescribed by the Central Government for the activities carried on by the Company.

20. DETAILS OF APPLICATION MADE OR ANY PROCEEDINGS PENDING UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016 DURING THE YEAR AND STATUS AT THE END OF THE YEAR

During the year under review, no application was made, nor were there any proceedings initiated or pending against the Company under the Insolvency and Bankruptcy Code, 2016, as amended, and no such proceedings were pending as at the end of the Financial Year.

21. DETAILS OF DIFFERENCE BETWEEN AMOUNT OF VALUATION DONE AT THE TIME OF ONE-TIME SETTLEMENT AND VALUATION DONE WHILE TAKING LOAN FROM THE BANK OR FINANCIAL INSTITUTIONS

During the year under review, the Company was not required to obtain any valuation report, as there was no instance of a One Time Settlement with banks or financial institutions, nor of availing any loans from them.

22. DISCLOSURE OF FINANCIAL SUMMARY OR HIGHLIGHTS

The summary of Audited financial performance of the Company for the Financial Year ended March 31, 2026 is summarized as under:

(Rs. In Lakhs except EPS)

Particulars	2025-2026	2024-2025
Revenue from Operations	5,557.45	4,494.29
Other Income	183.45	119.31
Total Income	5,740.90	4,613.60
Total Expenditure	5,040.65	4,065.83
Profit before Prior Period Item & tax	700.25	547.77
Prior period Income	23.85	33.81
Profit Before Tax	724.10	547.77
Less: Provision for taxation	-	-
Current Tax	201.00	143.30
Earlier year tax	6.53	-
Deferred Tax Asset	(13.29)	(23.04)
Profit for the period	529.86	427.51
Earnings Per Share- Basic & Diluted	4.50	4.05

23. CHANGE IN NATURE OF BUSINESS

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

24. DIRECTORS & KEY MANAGERIAL PERSONNEL I. Board of Directors:

Following are the Directors as on March 31, 2026:

Sr. No.	Name of the Director	DIN	Category
1	Mr. Bipin Nanubhai Panchal	00120996	Promoter, Managing Director
2	Mrs. Nisha Bipin Panchal	06514766	Promoter, Whole-time Director
3	Ms. Harmi Bipin Panchal	09852052	Promoter, Whole-time Director
4	Mr. Manish Harishchandra Singh	10729798	Non-Executive - Independent Director
5	Mr. Yogendra Chhotelal Kannaujiya	10730223	Non-Executive - Independent Director
6	Mr. Ankit Suresh Shah	11317759	Non-Executive - Independent Director

a) Change in Directors:

1) Appointment/Re-appointment: During the year under review, Mr. Ankit Suresh Shah having (DIN: 11317759) has been appointed as Non-Executive, Independent Director with effect from November 13, 2025, Mr. Bipin Nanubhai Panchal was reappointed as Managing Director for a further period of 5 years with effect from February 01, 2026. Further, in the last Annual General Meeting, Mrs. Nisha Bipin Panchal retired by rotation and, being eligible, offered herself for re-appointment and was re-appointed as a Whole time Director of the Company by the members.

2) Change in Designation: During the year under review designation of Mr. Ankit Suresh Shah having (DIN: 11317759) has been changed from Additional Director to Director with effect from January 26, 2026 and designation of Ms. Harmi Bipin Panchal having (DIN: 09852052) has been changed from Non-Executive Director to Whole-time Director with effect from November 13, 2025.

During the year under review, the Non-Executive Directors of the Company had no pecuniary relationship or transactions with the Company, other than sitting fees, commission, perquisites and reimbursement of expenses if any incurred by them for the purpose of attending meetings of the Board / Committees of the Company.

In terms of the provisions of Section 152 of the Companies Act, 2013 and the Articles of Association of the Company, Ms. Harmi Bipin Panchal, Whole time Director of the Company, will retire by rotation at the ensuing Annual General Meeting and, being eligible, has offered herself for re-appointment.

II. Key Managerial Personnel (KMPs):

During the year under review, Mr. Parth Hareshkumar Shah has resigned from the post of Company Secretary and Compliance officer with effect from closure of working hours of June 20, 2025. Further, the Board of Directors of the Company, on recommendation of Nomination and Remuneration Committee, has appointed Ms. Bhavna Jamnashankar Joshi as Company Secretary and Compliance Officer of the Company with effect from August 30, 2025. Further, Mr. Achchhe Lal Yadav resigned from the post of Chief Financial Officer with effect from March 18, 2026.

Following were the Key Managerial Personnels as on March 31, 2026 pursuant to Sections 2(51) and 203 of the Act read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014:

Sr. No.	Name of the KMP	Designation
1	Mr. Bipin Nanubhai Panchal	Managing Director
2	Mrs. Nisha Bipin Panchal	Whole-time Director
3	Ms. Harmi Bipin Panchal	Whole-time Director
4	Ms. Bhavna Jamnashankar Joshi	Company Secretary & Compliance Officer

Subsequent to the closure of the financial year 2025-26, Ms. Harmi Bipin Panchal was appointed as Chief Financial Officer of the company w.e.f. June 15, 2026.

III. Disclosures by Directors

Based on the declarations and confirmations received in terms of provisions of the Companies Act, 2013, circular(s) / notification(s) / direction(s) issued by the RBI and other applicable laws, none of the Directors on the Board of your Company are disqualified from appointment as Directors.

Declaration of Independent Directors

The Company has received the necessary declarations from the Independent Directors under Section 149(7) of the Act and Regulation 25 of the SEBI Listing Regulations, that they meet the criteria of Independence laid down in Section 149(6) of the Act and Regulation 16(1)(b) of the SEBI Listing Regulations. The Independent Directors have also confirmed compliance with the provisions of Rule 6 of Companies (Appointment and Qualifications of Directors) Rules, 2014, as amended, relating to inclusion of their name in the databank of Independent Directors. The Independent Directors have confirmed that they are not aware of any circumstances or situation, which exists or reasonably anticipated that could impair or impact his/her ability to discharge his/her duties with an objective independent judgment and without any external influence.

The Board after taking these declarations/ disclosures on record and acknowledging the veracity of the same, is of the opinion that the Independent Directors of the Company possess requisite qualifications, experience, expertise, hold highest standards of integrity and are Independent of the Management of the Company. The terms and conditions of appointment of Independent Directors are available on the website of the Company at www.globalpetind.com.

25. CONSTITUTION OF VARIOUS COMMITTEES

The Board of Directors of the Company has reconstituted the composition of committees in the Board meeting dated November 13, 2025. Accordingly, the composition of the following committees are as follows:

A. Nomination and Remuneration Committee

Sr. No.	Name of Directors	Designation in Committee
1.	Mr. Manish Harishchandra Singh	Chairman
2.	Mr. Yogendra Chhotelal Kannaujiya	Member
3.	Mr. Ankit Suresh Shah	Member
4.	Mr. Bipin Nanubhai Panchal	Member

B. Audit Committee

Sr. No.	Name of Directors	Designation in Committee
1.	Mr. Manish Harishchandra Singh	Chairman
2.	Mr. Bipin Nanubhai Panchal	Member
3.	Mr. Yogendra Chhotelal Kannaujiya	Member

C. Stakeholder Relationship Committee

Sr. No.	Name of Directors	Designation in Committee
1.	Mr. Manish Harishchandra Singh	Chairman
2.	Mr. Ankit Suresh Shah	Member
3.	Mr. Yogendra Chhotelal Kannaujiya	Member
4.	Mr. Bipin Nanubhai Panchal	Member

26. FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS

Pursuant to Regulation 25(7) of the SEBI Listing Regulations, the Company has put in place a system to familiarize its Independent Directors. The familiarization program aims to provide knowledge/information to the Independent Directors about their roles, responsibilities in the Company, nature of the industry, business model, processes, policies and the technology and the risk management system of the Company, the operational and financial performance of the Company, significant development so as to enable them to take well informed decisions in timely manner. During the Financial Year 2025-2026, the Independent Directors were updated from time to time on continuous basis on the significant changes in the regulations, duties and responsibilities of Independent Directors under the Act, and SEBI Listing Regulations.

27. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

The Management Discussion and Analysis Report, as stipulated under the SEBI Listing Regulations, is attached as Annexure B to this Report. It provides details about the overall industry structure, global and domestic economic scenarios, developments in business operations/performance of the Companys various businesses, internal controls and their adequacy, risk management systems, human resources, and other material developments during the Financial Year 2025-26.

28. DEPOSITS

The Company has not accepted any deposits during the year under review and, as such, there are no outstanding deposits in terms of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014.

29. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANYS OPERATIONS IN FUTURE

During the year under review, no significant or material orders were passed by any regulators, courts, or tribunals which would impact the going concern status of the Company or its future operations.

30. FORMAL ANNUAL EVALUATION

In accordance with the provisions of Section 134(3) of the Companies Act, 2013 read with Rule 8(4) of the Companies (Accounts) Rules, 2014, the Board of Directors has carried out an annual performance evaluation of its own performance, the performance of its Committees, and that of the individual Directors. The evaluation was conducted through a structured process covering various aspects of the Boards functioning, including composition, effectiveness, decision-making, and strategic guidance. The feedback received from Directors was collated, reviewed, and discussed to identify areas of improvement and to strengthen the overall governance framework of the Company.

Further, pursuant to Regulation 17 (10) of the SEBI Listing Regulations, the performance evaluation of the Independent Directors was carried out by the entire Board excluding the independent director being evaluated.

The Independent Directors expressed their satisfaction with the evaluation process and flow of information between the Company management and the Board.

31. DISCLOSURE UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

The Company has adopted a Policy on Prevention, Prohibition and Redressal of Sexual Harassment at Workplace, in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the rules framed thereunder, for prevention and redressal of complaints of sexual harassment. An Internal Complaints Committee (ICC) has been constituted to address such complaints, if any.

During the Financial Year ended March 31, 2026, the Company has not received any complaint of sexual harassment. The disclosure in this regard is as under:

Particulars	Number
Complaints received during the year	0
Complaints disposed of during the year	0
Cases pending for more than 90 days	0
Complaints pending as at the end of the Financial Year	0

32. MATERNITY BENEFIT

The Company affirms that it has duly complied with the provisions of the Maternity Benefit Act, 1961. However, during the year under review, the Company had no eligible women employees to extend the benefit under the provisions of the Act.

33. NUMBER OF EMPLOYEES

The number of employees in the Company as on the closure of Financial Year is as follows:

Sr. No.	Category	Number of Employees
1	Male	116
2	Female	12
3	Transgender	0
	Total	128

34. RELATED PARTY TRANSACTIONS

All contracts/arrangement/transactions entered by the Company during FY 2025-26 with related parties followed the applicable provisions of the Act and SEBI Listing Regulations. Prior omnibus approval of the Audit Committee was obtained for all related party transactions which are foreseen and of repetitive nature. A statement giving details of all related party transactions was placed before the Audit Committee and the Board of Directors for their approval/noting on a quarterly basis. Appropriate approvals of the members were taken, as applicable pursuant to the SEBI Listing Regulations.

Since all the Related Party Transactions entered into by the Company were in the ordinary course of business and were on an arms length basis, hence Form AOC-2 is not applicable to the Company.

The policy on materiality of related party transactions and on dealing with related party transactions as approved by the Board is uploaded on the Companys website www.globalpetind.com.

35. STATUTORY AUDITOR

The Board of Directors had appointed M/s. NDAA & Associates LLP, Chartered Accountants (Firm Registration No. 129486W/W100775), as the Statutory Auditors of the Company at the Annual General Meeting held on September 24, 2024 to hold office until the conclusion of the Annual General Meeting ("AGM") of the Company to be held for the financial year 2028-2029. Subsequently, they have submitted their resignation with effect from January 20, 2026.

Further, M/s. J. D. Shah Associates, Chartered Accountants (Firm Registration No. 109601W) were appointed as the Statutory Auditors of the Company by the approval of members via postal ballot to hold office until the conclusion of the ensuing Annual General Meeting to fill the casual vacancy caused by the resignation of M/s. NDAA & Associates LLP, Chartered Accountants (Firm Registration No. 129486W/W100775).

The Board recommends their re-appointment as the Statutory Auditors of the Company in the ensuing AGM for a term of five financial years from the conclusion of the said AGM until the conclusion of the AGM to be held in the Financial Year 2030-2031, subject to the approval of the members.

36. SECRETARIAL AUDIT

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the rules made thereunder, the Board of Directors, at its meeting held on August 30, 2025, had appointed M/s. HRU and Associates, Practicing Company Secretaries as the Secretarial Auditor of the Company to conduct the Secretarial Audit for a period of five (5) consecutive financial years, commencing from Financial Year 2025-26 up to Financial Year 2029-30, subject to ratification/approval as may be required under applicable law.

The Secretarial Audit Report for the Financial Year ended March 31, 2026, issued by M/s. HRU and Associates, Practicing Company Secretaries, is annexed to this Report as Annexure C.

37. INTERNAL AUDITOR

During the year M/s. A M B Jain & Co, Internal Auditor of the Company, resigned from the said position with effect from October 24, 2025. Thereafter, the Board of Directors, at its meeting held on November 13, 2025, appointed M/s. Kumbhat & Co. LLP as the Internal Auditor of the Company to fill the casual vacancy caused by such resignation. Such Internal Auditor was subsequently re-appointed by the Board to conduct the Internal Audit of the Company for the Financial Year 2026-27.

38. PARTICULARS OF EMPLOYEES

There are no employees in the Company who are covered by the provisions of Rule 5(2) and Rule 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, as amended.

Further, the ratio of the remuneration of each Director to the median employees remuneration and other details in terms of Section 197(12) of the Act read along with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is annexed herewith as Annexure D and forms part of this report.

Your directors would like to record their appreciation of the efficient and loyal service rendered by the employees.

39. COMPLIANCE WITH SECRETARIAL STANDARDS

During the year under review, the Company has complied with the applicable provisions of the Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI).

40. CODE OF CONDUCT

The Company has adopted a Code of Conduct for Prevention of Insider Trading including policies and procedures for inquiry in case of leak or suspected leak of unpublished price sensitive information, Code for Fair Disclosure and Code of Conduct to regulate, monitor and report trading in securities by the directors, designated persons and immediate relatives of designated persons of the Company in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 (Insider Trading Regulations).

Pursuant to above, the Company has put in place adequate and effective system of internal controls to ensure compliance with the requirements of Insider Trading Regulations. The transactions by designated persons above threshold approved by Board is subject to preclearance by compliance officer. Company Secretary has been appointed as the Compliance Officer for purpose of Insider Trading Regulations.

Designated persons have made annual disclosure to Company as per requirements of Insider Trading Regulations and Companys Code of Conduct. The Code is available on website of the Company at www.globalpetind.com.

41. VIGIL MECHANISM/ WHISTLE BLOWER POLICY

In compliance with Section 177(9) of the Act and Regulation 22 of the SEBI Listing Regulations, 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 an appropriate platform and adequate protection to Whistle Blowers for reporting instances of fraud and mismanagement, if any, and to promote the reporting of any unethical or improper practice, violation of the Companys Code of Conduct, or complaints regarding accounting, auditing, internal controls, or suspected violations of applicable laws and regulations, including the Companys Ethics Policy, Code of Conduct for Prevention of Insider Trading, and Code of Fair Practices and Disclosure.

The Vigil Mechanism enables employees of the Company to approach the Chairperson of the Audit Committee for redressal of their grievances. Details of the Vigil Mechanism and Whistle Blower Policy are available on the Companys website at www.globalpetind.com.

During the Financial Year 2025-26, no cases were reported to the Company under this mechanism.

42. SHARE CAPITAL

During the year under review, there has been no change in the share capital of the Company. The Authorised Share Capital of the Company as on March 31, 2026 is Rs. 13,00,00,000/- divided into 1,30,00,000 equity shares of Rs. 10/- each and the issued, subscribed and paid up share capital of the Company as on March 31, 2026 is Rs. 11,78,74,080/- divided into 1,17,87,408 equity shares of Rs. 10/- each.

Further, there were no public issue, rights issue, bonus issue or preferential issue, etc. during the year. The Company has not issued shares with differential voting rights or sweat equity shares, nor has it granted any stock options during the financial year. During the year under review, the Company has neither increased the authorized share capital nor allotted any equity shares.

43. DEPOSITORY SYSTEM

The Companys equity shares are tradeable in dematerialized/electronic form. As on March 31, 2026, 100% of the Companys total paid-up capital representing 1,17,87,408 equity shares were in dematerialized form. In view of the benefits offered by the depository system, members holding shares of the Company in physical mode are advised to avail the demat facility from their respective depository participants.

In light of the advantages provided by the depository system, shareholders holding shares in physical form are encouraged to opt for the dematerialization (demat) facility.

44. CODE OF CONDUCT

The Company has adopted a Code of Conduct for Prevention of Insider Trading including policies and procedures for inquiry in case of leak or suspected leak of unpublished price sensitive information, Code for Fair Disclosure and Code of Conduct to regulate, monitor and report trading in securities by the directors, designated persons and immediate relatives of designated persons of the Company in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 (Insider Trading Regulations).

Pursuant to above, the Company has put in place adequate and effective system of internal controls to ensure compliance with the requirements of Insider Trading Regulations. The transactions by designated persons above threshold approved by Board is subject to preclearance by Compliance Officer. The Company Secretary has been appointed as the Compliance Officer for the purpose of Insider Trading Regulations.

Designated persons have made annual disclosure to Company as per requirements of Insider Trading Regulations and Companys Code of Conduct. The Code is available on website of the Company at https://globalpetind.com/policies/.

45. RISK ARISING OUT OF LITIGATION, CLAIMS AND UNCERTAIN TAX POSITIONS

The Company is exposed to a variety of different laws, regulations, positions and interpretations thereof which encompasses Direct/In-Direct taxation and legal matters. In the normal course of business, provisions and contingencies may arise due to uncertain tax positions and legal matters. Based on the nature of matters, the management applies various parameters when considering evaluation of risk, expert opinions, including how much provision to be made in books of accounts considering the potential exposure of each of the matters in consultation with the Statutory Auditors. The aforesaid potential exposures may change substantially over time as new facts emerge as each matter progresses, hence these are reviewed regularly/periodically.

46. STATUTORY DISCLOSURES

• The financial statements of the Company are placed on the Companys website www. globalpetind.com.com.

• The Directors Responsibility Statement as required by section 134(5) of the Act, appears in this report.

• A Cash Flow Statement for Financial Year 2025-26 is attached to the Balance Sheet.

• The Company has not issued Equity Shares with differential rights as to dividend, voting or otherwise, pursuant to the provisions of Section 43 of the Act and Rules made thereunder.

• The Company has not bought back its shares, pursuant to the provisions of Section 68 of the Act and Rules made thereunder.

• The Company has not issued any Sweat Equity Shares to its Directors or employees.

• The Company has not failed to implement any corporate action.

• The Company has not made any provisions of money or has not provided any loan to the employees of the Company for purchase of shares of the Company, pursuant to the provisions of Section 67 of the Act and Rules made thereunder.

• There was no revision of financial statements and Boards Report of the Company.

• The securities were not suspended from trading during the year due to corporate actions or otherwise.

• No candidate was nominated by small shareholders in terms of Section 151 of the Act.

• There was no delay, in holding Annual General Meeting.

• During the year, all recommendations made by the committees were approved by the Board

47. ACKNOWLEDGEMENT

Your Board takes this opportunity to place on record our deep appreciation to our Shareholders, Customers, Business Partners, Vendors, Bankers, Financial Institutions, Stock Exchange, Regulatory and Government Authorities and other Stakeholders at large for all support rendered during the year under review. We strive to build rewarding relationships with our stakeholders - clients, employees, shareholders, business partners, communities and regulators - for achieving our long-term vision aligned with our stakeholders interests.

The Directors also thank the Government of India, Governments of various states in India and concerned Government departments and agencies for their co-operation. The Directors hereby acknowledge the dedication, loyalty, hard work, cooperation, solidarity and commitment rendered by the employees of the Company during the year.

The Board also places its gratitude and appreciation for the support and co-operation from its members and other regulators.

	For and on behalf of the Board of Directors of
	Global Pet Industries Limited
	Sd/-
	Bipin Nanubhai Panchal
Date: August 24, 2026	Managing Director
Place: Palghar	DIN:00120996