Goldline Pharmaceutical Ltd Directors Report

To

The Members of,

GOLDLINE PHARMACEUTICAL LIMITED

Your directors have pleasure in presenting their 22^nd Annual Report and the Companys Audited Financial Statements for the financial year ended on 31^st March, 2026.

1. FINANCIAL RESULTS OF THE COMPANY:

The Companys financial performance for the year ended 31^st March 2026 is summarized below:

(Amount in Rs. Lakhs)

Particulars	31/03/2026	31/03/2025
Revenue from operations and Other Incomes	3119.88	2,805.57
Profit/Loss before Interest, Depreciation and Tax	694.13	583.21
Less: Finance Cost	131.46	172.34
Net Profit/Loss before Depreciation and Tax	562.67	410.87
Less: Depreciation and amortization for the year	24.13	25.03
Net Profit/Loss before exceptional and extraordinary items and tax	538.54	385.84
Less: Exceptional Items	0.00	0.00
Profit before extraordinary items and tax	538.54	385.84
Less: Extraordinary Items	0.00	0.00
Add: Share in Profit from Associate Enterprise	--	--
Profit before tax	538.54	385.84
Less: Tax Expenses
Current tax expense	143.43	99.14
Deferred tax Asset / (Liability)	16.60	(3.27)
Profit/Loss for the period from continuing operations	411.71	283.43
Tax expense of discontinuing operations	--	--
Profit/Loss from discontinuing operations (after tax)	411.71	283.43
Profit/Loss transferred/adjusted to General Reserve		--
Basic earnings per equity share	5.97	4.11
Diluted earnings per equity share	5.97	4.11

2. STATE OF COMPANYS AFFAIRS, RESULT OF OPERATION AND FUTURE OUTLOOK:

STATE OF COMPANYS AFFAIRS:

The Company is engaged in the business of marketing & trading pharmaceutical products under its brand name "Goldline", which is categorized into five segments, namely Goldline Pharma, Goldline Cardinal, Goldline Aayushman, Goldline InLife, and Goldline Wellness. The Company does not undertake manufacturing on its own but has entered into contractual arrangements with third-party manufacturers, who produce the products in accordance with the Companys prescribed standards and specifications, based on market research and analysis.

The Companys products are marketed and sold through a network of distributors, who in turn supply to retailers and wholesalers, ensuring effective reach to end-users. This business model of outsourced manufacturing and distributor-led marketing enables the Company to maintain operational efficiency, product quality, and consistent supply while strengthening its brand presence in the healthcare and wellness sector.

RESULT OF OPERATION:

During the year under review, the Company continued to demonstrate resilient performance and maintained a satisfactory growth trajectory despite prevailing market conditions. The Companys sustained focus on operational excellence, prudent financial management, and business development initiatives contributed positively to its overall financial performance.

During the year under review, the Company recorded a healthy increase in its financial performance. Revenue from operations and other income increased from 2,805.57 Lakhs in the previous financial year to 3,119.88 Lakhs, while Profit Before Tax increased from 385.84 Lakhs to 538.54 Lakhs, reflecting strong operational efficiency, improved cost management, and sustained business growth. Profit After Tax also witnessed a significant increase to 411.71 Lakhs as against 283.43 Lakhs in the previous year, resulting in an improvement in Earnings Per Share from 4.11 to 5.97.

The Board is pleased with the Companys improved operational and financial performance during the year and remains committed to enhancing stakeholder value through sustained growth, operational excellence, and prudent financial management.

FUTURE OUTLOOK:

The Company enters the Financial Year 2026 27 with a strong financial foundation, improved operational performance, and enhanced opportunities following its successful listing on the Bombay Stock Exchange (BSE) SME Platform on May 19, 2026. The listing marks a significant milestone in the Companys growth journey and is expected to strengthen its corporate image, improve access to capital markets, enhance stakeholder confidence, and provide greater financial flexibility to pursue long-term strategic objectives.

Looking ahead, the Company remains committed to strengthening its market presence by expanding its customer base, enhancing operational capabilities, and pursuing sustainable and profitable growth. The management intends to leverage the benefits of its listed status to improve governance standards, attract strategic business opportunities, and strengthen relationships with customers, investors, lenders, and other stakeholders.

The Company will continue to focus on operational excellence through technology adoption, process optimization, prudent financial management, and effective risk management practices. It also aims to explore new business opportunities, diversify its revenue streams wherever feasible, and improve overall productivity while maintaining cost efficiency.

The Board is confident that the Companys robust business model, sound financial position, experienced management team, and commitment to high standards of corporate governance will enable it to capitalize on emerging opportunities and deliver sustainable value to its shareholders.

While the business environment may continue to present economic and industry-specific challenges, the Company remains well-positioned to achieve consistent growth through disciplined execution of its strategic initiatives.

The Directors place on record their sincere appreciation for the continued trust and support extended by the shareholders, customers, business partners, financial institutions, regulatory authorities, employees, and all other stakeholders, and look forward to another year of sustainable growth and value creation.

3. CHANGE IN NATURE OF BUSINESS, IF ANY:

There is no change in the nature of the business of the Company during current financial year.

4. CONSOLIDATED FINANCIAL STATEMENT:

The Company does not have any Subsidiary company, Associate Company and Joint Venture Company. Hence company is not required to prepare Consolidated Financial Statement.

5. DIVIDEND:

The Board of Directors, does not recommend any Dividend for the equity shareholders for the financial year ended 31^st March, 2026.

Further, the Board of Director have recommended Dividend for the preference shareholders at a rate of 12% per annum for the financial year 2025-2026.

Further, the Board is pleased to inform that the Company has paid a dividend on its preference share capital at the rate of 12%, aggregating to 21,68,400/- during the year. This distribution underscores the Companys continued commitment to reward its preference shareholders while maintaining prudent reserves to support future growth and strategic initiatives.

6. TRANSFER TO RESERVES IN TERMS OF SECTION 134 (3) (J) OF THE COMPANIES ACT, 2013:

The company has transferred INR 411.71 Lakhs to the General Reserves during the current financial year.

7. MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THESE FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT:

The Company entered into the capital market with its Initial Public Offering (IPO) and allotted in aggregate 27,00,000 equity shares of face value of Rs.10/- each, for the issue price of Rs. 43/- each (including premium of Rs. 33/- each) on May 19, 2026 on BSE SME Platform.

The Company received approval on May 19, 2026 for listing. Apart from the above, there have been no other material changes and commitments, which affect the financial position of the company which have occurred between the end of the financial year to which the financial statements relate and the date of this Report.

8. INFORMATION ABOUT SUBSIDIARY/ JOINT VENTURE / ASSOCIATE COMPANY AND DETAILS OF COMPANIES WHICH HAVE BECOME OR CEASED TO BE ITS SUBSIDIARIES, JOINT VENTURES OR ASSOCIATE COMPANIES DURING THE YEAR ALONG WITH REASONS THEREFORE:

The Company does not have subsidiaries, joint ventures companies or associate companies during the year. Hence, it is not applicable to the company.

9. TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND:

The provisions of Section 125(2) of the Companies Act, 2013 do not apply as there was no dividend declared and paid during the year.

10. MEETINGS OF THE BOARD OF DIRECTORS:

NUMBER OF MEETING OF THE BOARD:

During the financial year ended 31^st March 2026, your directors held 9 (Nine) meetings. The dates of Board Meetings are: -

Sr. No. Date of meeting	Total No. of Directors on the Date of Meeting	No. of Directors attended	% of Attendance
1 10.04.2025	8	8	100
2 09.06.2025	8	8	100
3 14.06.2025	8	8	100
4 20.08.2025	8	8	100
5 05.09.2025	8	8	100
6 30.09.2025	8	8	100
7 28.11.2025	8	8	100
8 02.02.2026	8	8	100
9 23.02.2026	8	8	100

11. AUDITORS REPORT:

There are no qualifications or observation or adverse remarks in the Auditors Report which require any clarification/ explanation. Moreover, notes on financial statements are self-explanatory and needs no further explanation. Hence Board of Director are not required to give any comment under section 134 (3) (f) of Companies Act, 2013.

12. AUDITORS

a. Statutory Auditors:

M/s. B Shroff & Co., Chartered Accountants Nagpur (FRN: 006514W) were appointed as Statutory Auditors of the Company at AGM held on 30^th September, 2024 and they shall be holding their office till the conclusion of AGM relevant to Financial Year 2028-29.

There is no requirement for ratification of auditors in this Annual General Meeting as per the provision of Section 139 of the Companies Act, 2013 as amended.

The notes to accounts referred to in the Auditors Report are self explanatory and therefore, do not call for any further comments.

b. Cost Auditor:

Appointment of Cost Auditor pursuant to provisions of Section 148 of the Companies Act, 2013 is not applicable to the Company.

c. Internal Auditor:

Appointment of Internal Auditor pursuant to provisions of Section 138 of the Companies Act, 2013 is not applicable to the Company. d. Secretarial Auditor:

During the year, the Company has appointed M/s. Avinash Gandhewar & Associates, Practicing Company Secretaries, a Peer Reviewed Firm, as a Secretarial Auditor pursuant to Section 204 of the Companies Act, 2013 and Rule 9 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 for conducting secretarial audit of the company for the financial year 2025-26. The Secretarial Audit Report as required under section 204 of the Companies Act, 2013 and Rule 9 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 in the Form MR-3 is annexed herewith for your kind perusal and information as Annexure-I.

13. DETAILS OF DIRECTORS OR KEY MANAGERIAL PERSONNEL DURING THE

FINANCIAL YEAR ENDED 31.03.2026.

The Directors and KMP as on 31^st March 2026 are a follow:

Sr.
	DIN	Directors Name	Designation
No
01	01910549	Mr. Amol Laxmikant Mujumdar	Managing Director
02	03486882	Mr. Swapan Khandelwal	Whole Time Director
03	06572686	Mr. Prashant Shrikrishna Karkare	Executive Director
04	06572695	Mr. Avinash Pandurang Ambulkar	Executive Director
05	BPJPB6917A	Ms. Dipti Sharad Bhusari	CFO
06	02418548	Mr. Prashant Vithalrao Rahate	Non-Executive Director
07	08949206	Mr. Mehul Hari Ranade	Independent Director
08	10735899	Ms. Renuka Saurabh Borole	Independent Director
09	10809419	Ms. Shraddha Kiran Kulkarni	Independent Director
10	ATZPJ6127F	Ms. Ruchi Sanket Modi	Company Secretary

14. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL AND THEIR

SHAREHOLDING:

The Present directors & KMP of the Company as on 31.03.2026 are as follows:

Name	Designation	No. of Shares	Remuneration
Mr. Amol Laxmikant Mujumdar	Managing Director	2749988	INR. 60.00 Lacs
	Whole-time
Mr. Swapan Khandelwal		2749988	INR. 60.00 Lacs
	Director
Mr. Prashant Shrikrishna Karkare	Executive Director	3	INR. 11.78 Lacs
Mr. Avinash Pandurang Ambulkar	Executive Director	3	INR. 4.48 Lacs
	Chief Financial
Ms. Dipti Sharad Bhusari			INR. 4.90 Lacs
	Officer (CFO)
Ms. Ruchi Sanket Modi	Company Secretary		INR. 2.63 Lacs

15. DISCLOSURE UNDER SCHEDULE V (PART II) (SECTION II) (B) (IV) (IV) OF

COMPANIES ACT 2013:

The Company has paid managerial remuneration during the financial year 2025-26 in accordance with the provision of Section 197 and Schedule V of the Companies Act, 2013.

16. PARTICULARS OF EMPLOYEES:

Disclosure pertaining to remuneration and other details as required under Section 197(12) of the Companies Act, 2013 read with rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014, are given in the Annexure-II forming part of this report.

17. DISCLOSURES PURSUANT TO SECTION 197 (14) OF THE COMPANIES ACT, 2013:

In accordance with the provisions of Section 197(14) of the Companies Act, 2013, it is hereby confirmed that the Whole-time Director/Managing Director of the Company has not received any remuneration or commission from the Companys subsidiaries, as the Company does not have any subsidiary.

18. LOANS, GUARANTEES AND INVESTMENTS: -

During the year under review the Company has not given any long-term loans and advances under Section 186 of the Companies Act, 2013.

19. DEPOSITS:

The Company has not accepted/ renewed any deposits for the year ended 31^st March, 2026.

20. CONSERVATION OF ENERGY, 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 III".

21. DISCLOSURE UNDER SEXUAL HARRASSMENT OF WOMEN AT WORK PLACE

(PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013:

The harassment at workplace. It has adopted the policy on prevention, prohibition and redressal of sexual harassment at workplace in line with the provision of sexual harassment of woman at workplace (prevention, prohibition and redressal) Act, 2013 and the rules thereunder for prevention and redressal of complaints of sexual harassment at work place.

The Company has not received any complaint regarding sexual harassment during the Financial Year 2025-26.

22. CORPORATE SOCIAL RESPONSIBILITY:

The Company is not required to constitute a Corporate Social Responsibility Committee as it does not fall within purview of Section 135(1) of the Companies Act, 2013 and hence it is not required to formulate policy on corporate social responsibility.

23. DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the requirement under section 134 (3) (c) of the Companies Act, 2013 with respect to Directors Responsibility Statement, it is hereby confirmed that:

a) In the preparation of the annual accounts for the financial year ended 31st March, 2026, the applicable accounting standards read with requirement set out under Schedule III of the Companies Act, 2013 had been followed and there is no material departure from the same;

b) The directors had 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 the end of the financial year 31^st March, 2026 and of the profit of the company for that period;

c) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

d) The directors had prepared the annual accounts on a going concern basis; and

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

24. DECLARATION BY INDEPENDENT DIRECTORS:

The Company has received necessary declaration from each independent director under Section 149 (7) of the Companies Act, 2013, that he/she meets the criteria of independence laid down in Section 149 (6) of the Companies Act, 2013 and Regulation 16 (1) (b) and 25 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

25. AUDIT COMMITTEE: - {Section 177 (8)}

The provisions relating to the constitution of an Audit Committee under the Companies Act, 2013 became applicable to the Company in pursuance of the provisions of section 177 of the Companies

Act, 2013 a Committee of the board of directors be and is hereby constituted be called as "Audit Committee" with the following members:

		Designation in
Name of the Directors	Nature of Directorship
		Committee
Mr. Mehul Hari Ranade	Independent Director	Chairman
Ms. Shraddha Kiran Kulkarni	Independent Director	Member
Ms. Renuka Saurabh Borole	Independent Director	Member

Note: During the year under review, the composition of the Audit Committee of the company was not changed.

26. NOMINATION AND REMUNERATION COMMITTEE:

The provisions relating to the constitution of Nomination and Remuneration Committee under the Companies Act, 2013 became applicable to the Company in pursuance of the provisions of section 178 of the Companies Act, 2013 a Committee of the board of directors be and is hereby constituted and be called as "Nomination and Remuneration Committee" with the following members:

Name of the Directors	Nature of Directorship	Designation in Committee
Ms. Shraddha Kiran Kulkarni	Independent Director	Chairman
Mr. Prashant Vithalrao Rahate	Non- Executive Director	Member
Mr. Mehul Hari Ranade	Independent Director	Member

Note: During the year under review, the composition of the Nomination and Remuneration Committee of the company was not changed.

27. STAKEHOLDER RELATIONSHIP COMMITTEE:

The Stakeholders Relationship Committee had duly formed in pursuance of the provisions of section 178 of the Companies Act, 2013 a Committee of the board of directors be and is hereby constituted be called as "Stakeholders Relationship Committee" with the following members:

Name of the Directors	Nature of Directorship	Designation in Committee
Ms. Shraddha Kiran Kulkarni	Independent Director	Chairman
Mr. Prashant Vithalrao Rahate	Non-Executive Director	Member
Mr. Amol Laxmikant Mujumdar	Managing Director	Member

Note: During the year under review, the composition of the Nomination and Remuneration Committee of the company was not changed.

28. 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 there has been no such significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and companys operations in future.

29. SHARE:

a. Authorized Capital:

During the financial year under review, there was no change in the Authorized Share Capital of the Company.

As on March 31, 2026, the Authorized Share Capital of the Company comprised two classes of shares, namely Equity Shares and Preference Shares, aggregating to INR 13,50,00,000 (Rupees Thirteen Crore Fifty Lakh only), divided as follows:

- INR 11,00,00,000, divided into 1,10,00,000 Equity Shares of INR 10 each; and

- INR 2,50,00,000, divided into 2,50,000 Preference Shares of INR 100 each. b. Issued, Paid-up and Subscribed Capital:

During the financial year under review, the Company has not allotted any shares.

As on March 31, 2026, the Paid-up Share Capital of the Company comprised two classes of shares, namely Equity Shares and Preference Shares, aggregating to INR 8,70,70,000 (Rupees Eight Crores Seventy Lakhs Seventy Thousand Only), divided as follows.

- INR 6,90,00,000, divided into 69,00,000 Equity Shares of INR 10 each; and

- INR 1,80,70,000, divided into 1,80,700 Preference Shares of INR 100 each c. Issue and allotment of convertible warrants:

The Company has not issued any shares during the year under review.

d. Buy Back of Securities

The Company has not bought back any of its securities during the year under review. e. Sweat Equity

The Company has not issued any Sweat Equity Shares during the year under review.

f. Bonus Shares

The Company has not issued any Bonus Shares during the year under review.

g. EMPLOYEES STOCK OPTION PLAN (ESOP):

The Company has not provided any Stock Option Scheme to the employees.

e. DEBENTURES:

The Company has not issued any Debentures during the year under review.

30. FORMAL ANNUAL EVALUATION:

Your Board has devised an Evaluation Policy for evaluating the performance of the Board, its Committees, Executive Directors, and Independent Directors. Based on the same, the performance was evaluated for the financial year ended March 31, 2026. As part of the evaluation process, the performance of Non- Independent Directors, the Chairman and the Board was conducted by the Independent Directors.

The performance evaluation of the respective Committees and that of Independent and Non-Independent Directors was done by the Board excluding the Director being evaluated.

The policy inter alia provides the criteria for performance evaluation such as Board effectiveness, quality of discussion, contribution at the meetings, business acumen, strategic thinking, time commitment, and relationship with the stakeholders, corporate governance practices, contribution of the committees to the Board in discharging its functions etc.

31. RELATED PARTY TRANSACTIONS:

All contracts/ arrangements/ transactions entered by the Company during F.Y. 2025-26 with related parties were on an arms length basis and in the ordinary course of business. There were no material Related Party Transactions (RPTs) undertaken by the Company during the year that require Shareholders approval under Section 188 of the Act.

All the transactions were in compliance with the applicable provisions of the Act. Given that the Company has reported the transactions in pursuant to Section 134(3)(h) of the Act read with Rule 8(2) of the Companies (Accounts) Rules, 2014 in Form AOC-2 and the same has been provided in

Annexure-IV.

32. INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The Company has adequate and efficient internal and external control system, which provides protection to all its assets against loss from unauthorized use and ensures correct reporting of transactions.

The internal control systems are further supplemented by internal audits carried out by the respective Internal Auditors of the Company and Periodical review by the management.

The Company has put in place proper controls, which are reviewed at regular intervals to ensure that transactions are properly authorized, correctly reported and assets are safeguarded.

33. RISK MANAGEMENT:

Your Board has adopted a well-defined process for managing its risks on an ongoing basis and for conducting the business in a risk conscious manner. The Company has a structured and comprehensive Risk Management Frame work under which the risks are identified, assessed, trace, monitored and reported as a part of normal business practice. The Risk Management System is fully aligned with the corporate and operational objectives. There is no element of risk which in the opinion of the Board may threaten the existence of the Company.

34. MAINTENANCE OF COST RECORDS:

Maintenance of cost records as specified by the Central Government under sub-section (1) of section 148 of the Companies Act, 2013, is not required by the Company and accordingly such accounts and records have not been made and maintained.

35. VIGIL MECHANISM/WHISTLE BLOWER POLICY

In order to ensure that the activities of the Company and its employees are conducted in a fair and transparent manner by adoption of highest standard of professionalism, honesty, integrity and ethical behavior, the Company has adopted a vigil mechanism policy. The mechanism of whistle blower policy is in place.

36. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

In terms of the provisions of Regulation 34 and schedule V of the SEBI (Listing Obligation and

Disclosure Requirements) Regulations, 2015 the Managements discussion and analysis report is annexed herewith as Annexure-V.

37. WEBSITE:

The Company is maintaining its functional website and the website contains basic as well as investor related information. The link of website is https://www.goldlinepharma.in.

38. CORPORATE GOVERNANCE:

As a good corporate governance practice the Company has generally complied with the corporate governance requirements. Our disclosures seek to attain the best practices in corporate governance. We also endeavor to enhance long-term shareholder value and respect minority rights in all our business decisions.

As our company has been listed on SME Platform of BSE Limited as on 19^th May, 2026, therefore by virtue of Regulation 15 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 the compliance with the corporate Governance provisions as specified in regulation 17 to 27 and Clause (b) to (i) of sub regulation (2) of Regulation 46 and Para C, D and E of schedule V are not applicable to the company.

Hence, corporate governance report does not form a part of this Board Report, though we are committed towards best corporate governance practices.

39. DETAILED REASON OR REPORT ON REVISION OF FINANCIAL STATEMENTS:

There is no revision of financial statement. Hence, it is not applicable to your company.

40. GENERAL MEETING:

The Directors state that the applicable secretarial standard i.e. SS-2, relating to General Meeting, has been duly followed by the Company. Details of the General Meetings of the Company held during the financial year along with summary of Resolutions passed thereat, as more particularly set out in the respective notices of such General Meetings, as passed by the Members, are as follows:

AGM /EGM	Day, Date, Time and Venue
Extra-Ordinary General Meeting	Tuesday, 26th August, 2025 at 11:30 A.M. at 103, F-1 "Leela Apartment" Shilpa Hsg Society, Near Saptagiri Nagar, Shanidham, Narendra Nagar, Nagpur- 440015
Annual General Meeting	Tuesday, 30th September, 2025 at 11:00 A.M. at 103, F-1 "Leela Apartment" Shilpa Hsg Society, Near Saptagiri Nagar, Shanidham, Narendra Nagar, Nagpur- 440015.

41. REPORTING OF FRAUD:

The Auditors of the Company have not reported any fraud as specified under Section 143 (12) of the Companies Act, 2013.

42. ANNUAL RETURN:

Pursuant to the provisions of Sections 92 (3) and 134 (3) (a) of the Companies Act, 2013, copy of the Annual Return of the Company have been uploaded on the Companys website https://www.goldlinepharma.in in e-form MGT-7 for the financial year ended March 31, 2026.

43. MATERNITY BENEFIT PROVIDED BY THE COMPANY UNDER MATERNITY BENEFIT

ACT 1961:

The Company declares that it has duly complied with the provisions of the Maternity Benefit Act, 1961. All eligible women employees have been extended the statutory benefits prescribed under the Act, including paid maternity leave, continuity of salary and service during the leave period, and post-maternity support such as nursing breaks and flexible return-to-work options, as applicable. The Company remains committed to fostering an inclusive and supportive work environment that upholds the rights and welfare of its women employees in accordance with applicable laws.

44. DETAILS OF APPLICATION MADE OR PROCEEDING PENDING UNDER INSOLVENCY

AND BANKRUPTACY CODE 2016:

During the financial year under review, there were no application/s made or proceeding were pending in the name of the company under the Insolvency and Bankruptcy Code, 2016.

45. DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE TIME

SETTLEMENT AND VALUATION WHILE AVAILING LOAN FROM BANKS AND FINANCIAL INSTITUTIONS:

During the Financial year under review, there were no one-time settlement of Loans taken from Banks and Financial institutions.

46. AUDIT TRAIL APPLICABILITY (AUDIT AND AUDITORS) RULES 2014 - RULE 11 OF

THE COMPANIES ACT 2013:

The Company has used accounting software for maintaining its books of account for the financial year ended March 31, 2026 which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software and the audit trail feature has not been tampered with and the audit trail has been preserved by the company as per the statutory requirements for record retention.

47. APPOINTMENT OF DESIGNATED PERSON (MANAGEMENT AND ADMINISTRATION)

RULES 2014 - RULE 9 OF THE COMPANIES ACT 2013:

In accordance with Rule 9 of the Appointment of Designated Person (Management and Administration) Rules 2014, it is essential for the company to designate a responsible individual for ensuring compliance with statutory obligations. The company has proposed and appointed a Designated person in a Board meeting and the same has been reported in Annual Return of the company.

48. COMPLIANCE WITH SECRETARIAL STANDARD:

The Company has Complied with the applicable Secretarial Standards (as amended from time to time) on meetings of the Board of Directors issued by The Institute of Company Secretaries of India and approved by Central Government under section 118(10) of the Companies Act, 2013.

49. ACKNOWLEDGEMENT:

Your directors wish to express their grateful appreciation to the continued co-operation received from the Banks, Government Authorities, Customers, Vendors and Shareholders during the year under review and look forward to their continued co-operation in the years to come.

Your directors also wish to place on record their deep sense of appreciation for the committed service of the Executives, staff and Workers of the Company.