Gujjubhai Industries Ltd Directors Report

To

The Members

Gujjubhai Industries Limited

(Formerly known as Sumuka Agro Industries Limited)

Your directors have pleasure in presenting the 37^th Annual Report on the business and operations of the Company for the year ended March 31, 2026.

1. Financial Performance:

The financial performance of the Company for the financial year ended March 31, 2026 is summarized as under:

(Amount in Lakhs)

PARTICULARS	31/03/2026	31/03/2025
Total Sales Income from Operations	12,707.19	9,768.79
Other Income	0.04	0.31
Net Profit/(loss) before depreciation	709.68	703.08
Depreciation	56.98	67.33
Net Profit/(loss) before taxation	652.69	635.75
Current Tax	132.58	162.53
Deferred Tax	2.26	5.37
Net Profit/(loss) after tax	517.85	467.85

2. Performance Review

During the year under review, the Company earned total revenue of Rs. 12,707.23 Lakhs as against Rs. 9769.10 Lakhs in the previous year. A profit of Rs. 517.85 Lakhs was reported during the financial year under review, as compared to a profit of Rs. 467.85 Lakhs for the previous financial year.

3. Change of Name of the Company

Pursuant to the Scheme of Merger by Absorption of Gujjubhai Foods Private Limited with Sumuka Agro Industries Limited, sanctioned by the Honble National Company Law Tribunal, Mumbai Bench, vide its Order dated 4th February, 2026, the name of the Company was changed from "Sumuka Agro Industries Limited" to "Gujjubhai Industries Limited" with effect from 6th April, 2026, being the date of issuance of the fresh Certificate of Incorporation by the Registrar of Companies, Maharashtra.

4. Dividend

Keeping in view the future expansion plans, your Board of Directors do not recommend any dividend for Financial Year 2025-26.

5. Transfer of Unclaimed/Unpaid Dividend to Investor Education and Protection Fund (IEPF)

During the year under review, since no dividend has been declared or remained unclaimed/unpaid, there was no amount required to be transferred to the Investor Education and Protection Fund pursuant to Section 125 of the Companies Act, 2013 read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.

6. Reserve

There is no amount proposed to be transferred to general reserve this year.

7. Presentation of Financial Statements

The Financial Statements for the year ended March 31, 2026 have been prepared in accordance with the Indian Accounting Standard (Ind AS) notified under Section 133 of the Companies Act, 2013 read with Companies (Accounts) Rules, 2014 and other relevant provisions of the Act.

8. Change in Nature of Business

The Company is engaged in the business of Trading of a wide array of Dry Fruits Products and ready to cook items, nankeen and snacks, sweet and spices, selling of packaged foods etc.

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

9. Deposits

During the year under review, the Company has not accepted or renewed any deposits within the meaning of Section 73 and 76 of the Companies Act, 2013 read with Companies (Acceptance of Deposits) Rules, 2014.

10. Listing with Stock Exchanges

The Equity Shares of the Company continued to be listed and traded on the BSE Limited (BSE). The Security Code/Security ID of the Equity Shares of the Company on BSE is 532070/GUJJUBHAI.

The Companys Registrar and Share Transfer Agents have connectivity with National Securities Depository Ltd. & Central Depository Services (India) Ltd. The ISIN is INE311N01016. 2,08,79,236 equity shares representing 99.42% of the total shares have been dematerialized As on March 31, 2026.

11. Details of Subsidiary, Joint Venture or Associate Companies

Sr. No. Name of the Company	CIN	Holding/ Subsidiary/ Associate/ Joint Venture	% of Share Holding/ Capital Contribution
1. Sumuka Bharat Traders And Distributors Private Limited	U46909KA2026PTC217258	Wholly Owned Subsidiary	100%
2. Sumuka Distributors Private Limited	U46909MH2026PTC466797	Wholly Owned Subsidiary	100%

Pursuant to Section 2(41) of the Companies Act, 2013, since the aforesaid subsidiaries were incorporated on or after 1st January, 2026, the first financial year of each of the said subsidiaries shall end on 31st March, 2027. Accordingly, no financial statements of the said subsidiaries have been prepared/finalised as on 31st March, 2026, being the first financial year end of the Company falling after their incorporation.

Consequently, the requirement to prepare Consolidated Financial Statements under Section 129(3) of the Companies Act, 2013 and to attach a statement containing salient features of the financial statements of the said subsidiaries in Form AOC-1, as prescribed under Rule 5 of the Companies (Accounts) Rules, 2014, does not arise for the financial year 2025-26 in respect of the aforesaid subsidiaries. The Company shall comply with the aforesaid provisions, including preparation of Consolidated Financial Statements and disclosure in Form AOC-1, from the financial year in which the said subsidiaries complete their first financial year.

Other than the above, the Company does not have any other subsidiary, joint venture or associate company as on 31st March, 2026.

12. Directors and Key Managerial Personnel

During the year under review, Mr. Samir Khan (DIN: 10699849) has been resigned as a director of the company w.e.f. 31^st December, 2025. During the year under review, Mr. Kenchugundu Ramalingappa Mallikarjuna having DIN: 02142157 has been resigned as a Non-Executive Independent director of the Company w.e.f. October 3, 2025.

During the year under review, Mr. Sunil Swami having DIN: 07617208 has been appointed as an Additional Non-Executive Independent director of the Company w.e.f. October 3, 2025.

During the year under review, Designation of Ms. Muniswamy ravirajendran shilpa, (DIN: 07076534), Executive Director of the Company has been changed from Non-Executive Director of the Company w.e.f. 31^st January, 2026.

During the year under review, Ms. Mona Poriya has been resigned as the Compliance Officer & Company Seretary of the Company w.e.f. 24^th November, 2025.

During the year under review, Ms. Aastha Upadhyay has been appoonted as the Compliance Officer & Company Seretary of the Company w.e.f. 1^st January, 2026.

The Company has received declarations from the Independent Directors affirming that they meet the criteria of Independence as provided in Section 149(6) of the Companies Act, 2013. There has been no change in the circumstances affecting their status as Independent Directors of the Company.

Pursuant to provision of Section 203 of the Companies Act, 2013, the Key Managerial Person (KMP) of the Company as on March 31, 2026 is as follows:

Mr. Paresh Thakker Managing Director* Ms. Shaili Patel Chief Financial Officer

Ms. Aastha Upadhyay Company Secretary and Compliance officer

*Mr. Paresh Thakker has been resigned as a Managing Director of the Company w.e.f 10^th August, 2026.

As per the provisions of Section 152 of the Companies Act, 2013, Ms. Muniswamy Ravirajendran Shilpa, retire by rotation at the ensuing Annual General Meeting and being eligible, offer herself for re-appointment. Your directors recommend his re-appointment.

13. Familiarization Programme for Independent Directors

Pursuant to Regulation 25(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company conducts familiarization programmes for its Independent Directors with regard to their roles, rights and responsibilities in the Company, nature of the industry in which the Company operates, business model of the Company, and other relevant matters.

14. Disclosure under Section 67(3)(c) of the Companies Act, 2013

During the year under review, there was no scheme for providing money to the employees, including Key Managerial Personnel, of the Company for purchasing or subscribing to the shares of the Company, as contemplated under Section 67(3)(c) of the Companies Act, 2013.

15. Share Capital

During the year, the Board approved increasing the Authorised Share Capital of the Company from 7,50,00,000/- to 13,50,00,000/-, by creation of an additional 60,00,000 equity shares, and consequential alteration of the Memorandum of Association, subject to shareholders approval. The same was approved by shareholders vide resolution passed on 14th October, 2025.

Further, pursuant to the Scheme of Merger of Gujjubhai Foods Private Limited ("Transferor Company") with the Company ("Transferee Company"), equity shares were allotted to the shareholders of the Transferor Company on 20th March, 2026, pursuant to which the paid-up share capital of the Company increased from 7,10,71,700/- to 20,92,08,360/-.

As per the Scheme, upon effectiveness, the authorised share capital of the Transferor Company stood reclassified, altered and combined with that of the Company, without any further act, instrument, deed, or payment of stamp duty/ROC fees. Consequently, the Authorised Share Capital of the Company stands increased as under:

Particulars	Amount ( )
Authorised Capital Sumuka Agro Industries Limited	13,50,00,000
Authorised Capital Gujjubhai Foods Private Limited	7,92,50,000
Total	21,42,50,000

Accordingly, as on 31st March, 2026, the Authorised Share Capital stood at 21,42,50,000/- and the Paid-up Share Capital stood at 20,92,08,360/-.

16. Directors Responsibility Statement

Pursuant to Section 134 (3) (c) of the Companies Act, 2013, your Directors state that:

In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

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 March 31, 2026 and the profit for the year ended on that date;

The Directors had taken proper and sufficient care of the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting fraud and other irregularities;

The Directors have prepared the annual accounts on a going concern basis:

The Directors had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively;

The Directors had devised proper system to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating efficiently.

17. Annual Return

Pursuant to Section 134(3) of the Act, Annual Return in Form MGT-7 can be accessed from the website of the Company www.gujjubhaiindustries.com.

18. Statutory Auditors and Auditors Report

M/s. S K Jha & Co., Chartered Accountants has been re-appointed for the period of five years from the conclusion of 37th Annual General Meeting of the Company till the conclusion of 42nd Annual General Meeting of the Company. The Statutory Auditors have issued a Qualified Opinion on the financial statements for the year ended 31st March, 2026. Pursuant to Section 134(3)(f) of the Companies Act, 2013, the Boards comments on the qualifications are as under:

1. Unsupported investments ( 3,44,665): The Company is in the process of identifying and collating the requisite ownership documents in respect of the said investments. The Company shall take appropriate remedial action, including recognition of any loss, if warranted, upon completion of this exercise.

2. Merger accounted at carrying values instead of fair value (Ind AS 103): Pursuant to Clause 14(a) of the Scheme of Amalgamation as sanctioned by the Honble NCLT, Mumbai Bench, the Company was required to record the assets and liabilities of the Transferor Company at their respective carrying values. The Company has accounted for the merger strictly in accordance with the said Scheme as approved by the NCLT. The Company shall evaluate obtaining an independent valuation, as may be considered necessary, to ascertain the impact, if any, in future periods.

3. Unrecognised income tax liabilities/demands ( 92,93,780): The Company is in the process of reconciling the aforesaid tax liabilities and demands with available tax credits and other adjustments reflected on the Income Tax Departments portal, and is undertaking remedial steps, including filing rectification applications under Section 154 of the Income-tax Act, 1961, wherever applicable. Necessary provision/adjustment shall be made upon completion of this reconciliation.

4. Loans/advances to struck-off companies ( 55,54,791): The Company had initiated the process of recovering the said loans and advances. Given the struck-off status of the borrower companies, the Company is evaluating the appropriate provisioning/write-off in a subsequent period, upon completion of its assessment.

5. Interest on delayed MSME payments (unquantified): The Company is yet to receive requisite confirmations from the concerned parties regarding their MSME registration status, and hence interest on delayed payments could not be computed. The Company shall provide for the same upon receipt of the requisite confirmations.

Further, the Statutory Auditors have reported, in terms of Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014, that the accounting software used by the Company does not have a feature to record an audit trail (edit log) of each transaction. The Board acknowledges this observation and the Company is in the process of evaluating and implementing appropriate accounting software with audit-trail functionality to ensure compliance in the ensuing financial year.

Other observations/qualifications of the Auditors in their report are self-explanatory.

19. Secretarial Auditors & Auditors Report

Pursuant to provisions of Regulation 24A and 30 read with Schedule III of the SEBI (Listing and Disclosure

Requirements) Regulations, 2015 ("SEBI Listing Regulations"), as amended, this is to inform you that the Board of

Directors of the Company, on recommendation of the Audit Committee, approved the appointment of M/s. Brajesh Gupta & Co, Company Secretaries in Practice, as a Secretarial Auditor of the Company, to conduct secretarial audit of the Company for a period of five consecutive years from FY 2025-26 till FY 2029-30. The appointment shall be subject to the approval of shareholders of the Company at the ensuing AGM of the Company.

M/s Brajesh Gupta & Co, Practicing Company Secretaries, has submitted report on the Secretarial Audit which is attached as "Annexure A" and forms a part of this report.

During under the year under review, observations/qualifications of the Secretarial Auditors of the Company are self-explanatory. The management of your company will adhere to the applicable laws in future. The Company will consider the observations and recommendation received by the Secretarial Auditors of the Company and will take action upon them and will make the Company compliant.

20. Internal Audit

M/s JAK & Co., Chartered Accountant, Ahmedabad has been appointed as the internal auditor of the Company for the financial year 2025-26. Observations/ qualifications of Internal Auditors has been considered by the board and the Company will take action upon them.

21. Tax provisions

The Company has made adequate provisions as required under the provisions of Income Tax Act, 1961 as well as other relevant laws governing taxation on the Company.

22. Corporate Governance

In compliance with Regulation 34 of the SEBI Listing Regulations, a separate Report on Corporate Governance form part of this Annual Report.

23. Management Discussion & Analysis Report

The Management Discussion & Analysis Report is attached as "Annexure B" and forms a part of this report.

24. Compliance with Secretarial Standards

The Company has devised proper systems to ensure compliance with the applicable Secretarial Standards issued by the ICSI and the Company has complied with all the applicable provisions of the same during the year under review.

25. Particulars of Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo

The information pertaining to conservation of energy, technology absorption, Foreign exchange Earnings and outgo as required under Section 134 (3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014 is furnished here under.

(i) Part A and B of the Rules, pertaining to conservation of energy and technology absorption, are not applicable to the Company.

(ii) Foreign Exchange Earnings and Outgo: Foreign Exchange Earned - Nil

Foreign Exchange Used - Nil

26. Particulars of Employees

The information required under Section 197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is attached as "Annexure D" to this Boards Report. In terms of Section 136 of the Act, the Report and Accounts are being sent to the Members and others entitled thereto, excluding the information on employees particulars which is available for inspection through electronic mode up to the date of the ensuing Annual General Meeting upon request. If any Member is interested in obtaining a copy thereof, such Member may write to the Company Secretary in this regard.

27. Meeting of the Board

The Board meets at regular intervals to discuss and decide on the Companys business policies and strategies apart from other Board businesses. A tentative annual calendar of the Board and Committee Meetings is informed to the respective Directors to facilitate them to plan their schedule and to ensure their meaningful participation in the meetings.

The notice of meeting of the Board of Directors and Committees were given well in advance to all the Directors of the Company. Usually, meetings of the Board are held in Mumbai, Maharashtra. The agenda of the Board/Committee meetings is circulated 7 days prior to the date of the meeting as per Secretarial Standard on Meeting of Board of Directors (SS-1) issued by ICSI. The agenda for the Board and Committee meetings includes detailed notes on the items to be discussed at the meeting to enable the Directors to take an informed decision.

The Company had 13 (Thirteen) Board meetings during the financial year under review.

28. Particulars of Loan, Guarantees or Investments by Company under Section 186

The particulars of Loans, Guarantees and Investments made by the Company under the provisions of Section 186 of the Act are provided in the notes to Financial Statements.

29. Related Party Transactions

During the financial year ended March 31, 2026, contracts or arrangements entered with related parties referred to in sub Section (1) of Section 188 of the Companies Act, 2013 entered by the Company were in the ordinary course of business and on an arms length basis.

Thus, disclosure in the Form AOC- 2 is attached herewith as an "Annexure C" and forms a part of this Report.

The Company has adopted a Policy on Related Party Transactions for the purpose of identification and monitoring of such transactions which is uploaded on the website of the Company i.e. www.gujjubhaiindustries.com

30. Significant and Material Orders Passed by the Regulators or Court

During the year, the Honble National Company Law Tribunal, Mumbai Bench, vide its Order dated 4th February, 2026, sanctioned the Scheme of Merger by Absorption of Gujjubhai Foods Private Limited with Sumuka Agro Industries Limited. The certified copy of the said Order was filed with the Ministry of Corporate Affairs in Form INC-28 on 23rd February, 2026, and the Scheme became effective from that date.

Except for the above, there are no other significant and material orders passed by any Regulator, Court or Tribunal impacting the going concern status of the Company and its future operations.

31. Audit Committee

In accordance with the provisions of Section 177 of the Companies Act, 2013 and Regulation 18 of SEBI (LODR) Regulation, 2015, the Company had duly constituted an Audit Committee comprising of Directors viz., Mr. Amitkumar Rathi (Chairman), Ms. Shaili Patel (Member) and Mr. Sunil Swami (member) as on March 31, 2026. Audit Committee acts in accordance with the terms of reference specified from time to time by the Board.

There is no such incidence where the Board has not accepted the recommendation of the Audit Committee during the year under review.

The Company had 4 (Four) Audit Committee meetings during the financial year under review.

32. Nomination and Remuneration Committee

In accordance with the provisions of Section 178(1) of the Companies Act, 2013 and regulation 19 of SEBI (LODR) Regulation, 2015, the Company had constituted a Nomination and Remuneration Committee comprising of the Directors as on March 31, 2026 Mr. Sunil Swami (Chairman), Ms. Shilpa M R (Member) and Mr Amitkumar Rathi (Member). Nomination and Remuneration Committee acts in accordance with the terms of reference specified from time to time by the Board.

The Company had 2 (Two) Nomination and Remuneration Committee meetings during the financial year under review.

33. Stakeholders Relationship Committee

In accordance with the provisions of Section 178(5) of the Companies Act, 2013 and Regulation 20 of SEBI (LODR) Regulation, 2015 the Company had duly constituted a Stakeholders Relationship Committee comprising of Directors viz., Mr. Sunil Swami (Chairman), Mr. Amitkumar Rathi (Member) and Ms. Shilpa M R (member) as on March 31, 2026. Stakeholders Relationship Committee acts in accordance with the terms of reference specified from time to time by the Board.

The Company had 1 (One) Stakeholders Relationship Committee meetings during the financial year under review.

34. Details in Respect of Adequacy of Internal Financial Controls with Reference to the Financial Statement

Internal Control Systems has been designed to provide reasonable assurance that assets are safeguarded, transactions are executed in accordances with managements authorization and properly recorded and accounting records are adequate for preparation of financial statements and other financial information. Internal check is conducted on a periodical basis to ascertain the adequacy and effectiveness of internal control systems.

In the opinion of the Board, the existing internal control framework is adequate and commensurate to the size and nature of the business of the Company.

35. Risk Management Policy

Pursuant to section 134 (3) (n) of the Companies Act, 2013, the Listing Regulations and disclosures under Ind-AS 107, the management of the Company has evaluated the various risks to which the Company is exposed to, and has formed an appropriate risk framework.

36. Corporate Social Responsibility

The provisions of Section 135 of the Companies Act, 2013 were not applicable to the Company for the financial year 2025-26, as the Company did not meet the threshold limits prescribed under the said Section based on the financial figures of the immediately preceding financial year. Accordingly, no CSR Committee was required to be constituted and no CSR obligation arose for the year under review.

However, the Company had an unspent CSR amount pertaining to the financial year 2024-25, amounting to 587,827/-, which was required to be transferred to a Fund specified under Schedule VII of the Companies Act, 2013 within six months from the end of that financial year, i.e., on or before 30th September, 2025, in terms of Section 135(5) of the Act. The said amount could not be transferred within the prescribed timeline, and the Company is in the process of regularising the said compliance.

37. Policy on Sexual Harassment of Women at Work Place

The Company has a ‘Prevention of Sexual Harassment (POSH) policy which is in line with the statutory requirement. The Company has put in place a structured reporting and redressal mechanism. The POSH policy is communicated to all employees of the Company. During the financial year 2025-26, no complaints in respect of the same have been received by the Company.

Number of complaints filed during the financial year 2025-26	Nil
Number of complaints disposed of during the financial year 2025-26	Nil
Number of complaints pending as on end of the financial year 2025-26	Nil

38. Companys Policy Relating to Directors Appointment, Payment of Remuneration and Discharge of Their

Duties

The Company has a Policy relating to appointment of Directors, payment of Managerial remuneration, Directors ‘qualifications, positive attributes, independence of Directors and other related matters as provided under Section 178(3) of the Companies Act, 2013 and under the provisions of the Listing Regulations. These policies are also placed on the official website of the Company i.e. www.gujjubhaiindustries.com.

39. Annual Performance Evaluation

Pursuant to the provisions of the Companies Act, 2013 and SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board has carried out the annual performance evaluation of its own performance, the Directors individually as well as the evaluation of the working of its Audit, Nomination and Remuneration and

Compliance Committees, which covers 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.

The performance evaluation of the Independent Directors was carried out by the entire Board. The performance evaluation of the Chairman and the Non - Independent Directors was carried out by the Independent Directors. The Directors expressed their satisfaction with the evaluation process.

40. Vigil Mechanism/Whistle Blower Policy

In pursuance to the provisions of Section 177(9) & (10) of the Companies Act, 2013, a Vigil Mechanism for Directors and Employees to report genuine concerns has been established. We have embodied the mechanism in the Code of Conduct of the Company for employees to report concerns about unethical behaviour, actual or suspected fraud or violation of our Code of Conduct. This mechanism also provides for adequate safeguards against victimization of employees who avail of the mechanism and also provide for direct access to the Chairman of the Audit Committee in exceptional cases and no personnel have been denied access to the Audit Committee. The Board and its Audit Committee are informed periodically on the cases reported, if any and the status of resolution of such cases. The Vigil Mechanism/Whistle Blower Policy is also available on the Companys website i.e. www.gujjubhaiindustries.com

41. Reporting of Frauds by Auditor

During the year under review, there were no such instances during the year under review requiring disclosure under this Report.

42. Material Changes and Commitments

During the year under review, pursuant to the Scheme of Merger by Absorption of Gujjubhai Foods Private Limited ("GFPL"/"Transferor Company") with Sumuka Agro Industries Limited ("SAIL"/"Transferee Company"/"Company") under Sections 230 to 232 of the Companies Act, 2013, the Honble National Company Law Tribunal ("NCLT"), Mumbai Bench, pronounced its order sanctioning the Scheme on 4th February, 2026. The certified copy of the said Order was filed with the Ministry of Corporate Affairs in Form INC-28 on 23rd February, 2026, pursuant to which the Scheme became effective on and from 23rd February, 2026. Consequent to the Scheme becoming effective, the Company allotted equity shares to the eligible shareholders of the Transferor Company on 20th March, 2026, resulting in an increase in the paid-up share capital of the Company from 7,10,71,700/- to 20,92,08,360/- and reclassification of the authorised share capital as detailed under the "Share Capital" section of this Report. Further, subsequent to the financial year end, the name of the Company was changed to Gujjubhai Industries Limited.

Apart from the above, there are no other material changes and commitments affecting the financial position of the Company, which have occurred between the end of the financial year 2025-26 to which the financial statements relate and the date of this Report.

43. Maintenance of Cost Records

Pursuant to the provisions of Section 148(1) of the Act, the government has not prescribed maintenance of the cost records in respect of services dealt with by the Company. Hence, the prescribed section for maintenance of cost records is not applicable to the company during the year under review.

44. Prevention of Insider Trading

The Company has adopted a Code of Conduct for Prevention of Insider Trading with a view to regulate trading in securities by the Directors and designated employees of the Company. The said code of conduct is in line with SEBI (Prohibition of Insider Trading) Regulations, 2015 as amended time to time. The Code requires pre-clearance for dealing in the Companys shares and prohibits the purchase or sale of Company shares by the Directors and the designated employees while in possession of unpublished price sensitive information in relation to the Company and during the period when the Trading Window is closed. The Board is responsible for implementation of the Code.

45. Acknowledgements

Your directors place on records their sincere thanks to bankers, business associates, consultants, and various Government Authorities for their continued support extended to your Companies activities during the year under review. Your directors deeply appreciate the committed efforts put in by employees at all levels, whose continued commitment and dedication contributed greatly to achieving

the goals set by your Company. Your directors also acknowledge gratefully the shareholders for their support and confidence reposed on your Company.

	For, Gujjubhai Industries Limited
	Sd/-	Sd/-
	Ms. Shaili Patel	Mr. Amitkumar Rathi
	Director & CFO	Director
	DIN: 07836396	DIN: 07336390
Place: Mumbai
Date: 7th September, 2026