Haryana Leather Chemicals Ltd Directors Report

Dear Members,

The Board is pleased to present its report on comprehensive review of performance of the Company along with the audited standalone financial statements for the financial year ended 31st March, 2026.

Financial Summary and State of Affairs

The Audited Financial Statements of your Company as on March 31, 2026, are prepared in accordance with the relevant applicable Indian Accounting Standards ("Ind AS") and Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") and the provisions of the Companies Act, 2013 ("Act").

The summarized financial highlight is depicted below:

(Rs. In Lakhs)

Particulars	Current	Previous
	Year ended	Year ended
	31.03.2026	31.03.2025
Net Revenue	5136.51	4902.95
Add: Other operating income	167.96	169.52
Total Income	5307.09	5072.47
Profit before Interest, Depreciation, Exceptional items & Taxation	450.57	424.04
Less: Depreciation	93.57	90.03
Add: Exceptional items (Net)		-
Profit /(Loss) before Tax	357.36	334.01
Add: Tax expenses (Net)	115.55	104
Profit after Tax/(Loss)	237.70	230.01
(Less)/Add: Other Comprehensive Income	0	0
Total Comprehensive Income	237.70	230.01

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

2. Previous year figures have been regrouped/re-arranged wherever necessary.

3. There has been no change in nature of business of your Company.

Operational Highlights

The total income from operations for the year ended 31^st March, 2026 aggregated to Rs. 5307.09 Lakhs as compared to Rs. 5072.47 Lakhs in the previous year. The company was able to earn a profit after tax of Rs. 237.70 Lakhs. The operation resulted in profit before exceptional items, tax and regulatory deferral account balances for the year under review of Rs 450.57 Lakhs as compared to profit of Rs. 424.04 Lakhs in the previous year. Exceptional items for the year under review was nil.

No material changes and commitments which affect the financial position of the Company have occurred after the close of the year under review till the date of this Report

Dividend

Based on the Companys performance, the Board recommended a dividend of Re.1 per equity share of Rs. 10 each, subject to the approval of the Members. The divided as recommend by the Board is in line with the Dividend Distribution Policy of the Company as applicable. The payment of dividend is subject to the Final approval of members at the ensuing Annual General Meeting ("AGM") and deduction of income tax at source. Upon approval at the AGM. The final dividend on equity shares, if approved by the Members, would involve a cash outflow of Rs 49.08 Lacs.

The Dividend Distribution Policy of the Company is available on the website of the Company in the investor section and can be accessed at https://www.leatherchem.com/pdf/Dividend-Distribution-Policy.pdf .

Unclaimed Dividend

Details of outstanding and unclaimed Dividends, previously declared and paid by your Company, are given on the website of the company.

Investor Education Protection Fund

During the financial year 2025-26, your Company has transferred unclaimed and un-paid dividends pertaining to year 2017-18 to IEPF. Further, corresponding shares, on which dividends have remained unclaimed and unpaid for seven consecutive years, were transferred to IEPF as per the requirements of the IEPF Rules. The details of the resultant benefits arising out of shares already transferred to the IEPF, year wise amounts of unclaimed un-paid dividends lying in the unpaid dividend account up to the year, and the corresponding shares, which are liable to be transferred, are provided in the shareholder information section of the Corporate Governance Report forming part of this Annual Report and are also available on your Companys website at www.leatherchem.com .

Share Capital

During the year under review, there was no change in the authorized and paid-up share capital of the Company. The paid-up Equity Share Capital of the Company as on 31^st March, 2026, was Rs. 49,08,47,00 divided into 49,08,470 Equity Shares of Rs.10/-each.

Also, Your Company has not issued any:

1. Shares with differential

2. Sweat equity shares

3. Equity shares under Employees Stock Option Scheme

Material Subsidiaries

As on March 31, 2026 the Company had no material subsidiaries. Your Company has formulated a policy for determining Material Subsidiaries. The policy is available on your Companys website and link for the same is given in Corporate Governance Report.

SPECIALITY PRODUCTS

The Company has sustained its growth trajectory and strengthened its market position through its focus on specialty products across both the Leather Chemicals and PVC Additives divisions.

Leather Chemicals Division:

The Company continues to maintain its market leadership in fat liquor products for gloving and upholstery applications. Our flagship product, NOUVOL SR and its variants, continue to enjoy strong acceptance in the market. Further, the NANOLUX pigment series, launched last year, has been successfully accepted for high-end specialty applications. Products such as NANOLUX Deep Black and NANOLUX Ultra-White have demonstrated performance comparable to globally recognized brands such as STAHL and SOMMER. The Company aims to establish NANOLUX as a premium specialty brand, thereby further enhancing the Companys image and market positioning.

PVC Additives Division:

Since the launch of the PVC Additives division in 2024, particularly Acrylic Impact Modiffer (AIM) and Acrylic Processing Aid (PA), the Companys R&D and marketing teams have worked in close coordination to benchmark product performance against the best available in the industry. The Company has received highly encouraging market response for its AIM products, with AKRELON 405 emerging as a specialty product in the segment. The Company is expected to command a leading position among indigenous manufacturers, as AKRELON 405 has gained widespread acceptance among Indias leading PVC processors. Further, the trademark AKRELON has been duly registered under Registration No. 6400777 dated 23rd April, 2024.

Directorate and Key Managerial Personnels

As of March 31, 2026, your Companys Board had Eight (7) members comprising of two (2) Executive Directors, one (1) non-executive and four (4) Independent Directors, including one Woman Director. The details of Board and Committee composition, tenure of directors, and other details are available in the Corporate Governance Report, which forms part of this Annual Report. In terms of the requirement of the Listing Regulations, the Board has identified core skills, expertise, and competencies of the Directors in the context of the Companys business for effective functioning. The key skills, expertise and core competencies of the Board of Directors are detailed in the Corporate Governance Report, which forms part of this Integrated Annual Report. Appointment/Re-appointment/Cessation/Change in Designation of Directors and Key Managerial Personnel During the year under review, following changes took place in the Directorships and Key Managerial Personnel a) Re-appointment of Mr. Pankaj Jain, (DIN: 00206564) as Managing Director of the Company for a further period of five years from 2^nd April, 2025 to 1^st April 2030 whose office shall liable to retire by rotation and same was approved by the Shareholders through postal ballot. b) Re- appointment of Ms. Sippy Jain (DIN: 03189151) as a Whole- time Director for another period of 5 years i.e. 30^th July, 2025 to 29^th July 2030 whose office shall liable to retire by rotation c) Continuation of Mr. Vijay Kumar Garg (DIN: 00236460) Non- Executive Director of the company and same was also approved by the shareholders in the last AGM. d) Demise of Mr. N.K Jain (DIN: 00486730) Non-Executive - Non- Independent Director of the Company on Thursday, March19, 2026. The Board placed on record its sincere appreciation to Mr. N.K Jain for their guidance and invaluable contributions made over the years.

Re- Appointment of retiring Directors

In accordance with the provisions of Section 152 of the Act, read with rules made thereunder and Articles of Association of your Company, Mr. Vijay Kumar Garg (DIN: 00236460) is liable to retire by rotation at the ensuing AGM and being eligible, offers himself for re- appointment. On the recommendation of the Nomination and Remuneration Committee and based on the performance evaluation, the Board of Directors recommends his reappointment as a director, liable to retire by rotation. The detailed proposal for re-appointment forms part of Notice of 41st AGM.

Brief details as required under Secretarial Standard-2 and Regulation 36 of SEBI Listing Regulations, are provided in the Notice of AGM.

In the opinion of the Board, all directors including the directors appointed / re-appointed during the year possess requisite qualifications, experience and expertise and hold high standards of integrity. The list of key skills, expertise and core competencies of the Board has been provided in the Corporate Governance Report.

As on the date of this report, the Company has the following Key Managerial Persons as per Section 2(51) and Section 203 of the Act:

S.no Name of the Key Managerial Personnel	Designation
1 Mr. Pankaj Jain	Managing Director
2 Ms. Sippy Jain	Whole-time Director
3 Mr. Sukanto Choudhury	Chief Financial Officer
4 Mr. Yugank	Company Secretary and Compliance Officer

Declaration by Independent Directors

In terms of Section 149 of the Act, Mr. Chinar Goel, Ms. Ritu Atri, Mr. Kanishk Gupta & Mr. Pradeep Kumar Verma are the Independent Directors of the Company. The Company has received declarations from all the Independent Directors confirming that they meet the criteria of independence as prescribed under Section 149(6) of the Act and Regulation 16(1)(b) of the SEBI Listing Regulations and are independent of the Management. In terms of Regulation 25(8) of the SEBI Listing Regulations, they have confirmed that they are not aware of any circumstance or situation which exist or may be reasonably anticipated, that could impair or impact their ability to discharge their duties with an objective independent judgement and without any external influence. The Board of Directors of the Company has taken on record the declaration and confirmation submitted by the Independent Directors after undertaking due assessment of the veracity of the same. The Board has taken on record the declarations and confirmations submitted by the Independent Directors after undertaking due assessment of the veracity of the same. The Independent Directors of the Company have registered themselves with the data bank maintained by Indian Institute of Corporate Affairs.

The details including the meetings of the independent directors, familiarization programme etc. have been provided in the Corporate Governance Report.

Further, in the opinion of the Board, the Independent Directors fulfill the conditions prescribed under the Listing Regulations 2015 and are independent of the management of the Company.

Board Committee & Number of meetings of the Board of Directors

As on the date of this report, the Board has the following committees:

1. Audit Committee

2. Nomination and Remuneration Committee

3. Stakeholders Relationship Committee

4. Committee Of Directors

All the recommendations made by the Board Committees, including the Audit Committee, were accepted by the Board. The Board met 5 (Five) times during the year under review. The intervening gap between the meetings did not exceed 120 days, as prescribed under the Act and SEBI Listing Regulations. Committee composition and meetings of the Board & the Board Committees have been provided in the Corporate Governance report.

Nomination & Remuneration and Board Diversity Policy

The Company has in place a Nomination and Remuneration and Board Diversity ("NRC Policy") which provides the process for selection, appointment and remuneration of directors, key managerial personnel and senior management employees including other matters as provided under Section 178(3) of the Act.

The salient features of the NRC Policy are as follows:

1. Criteria and terms & conditions with regard to identifying persons who are qualified to become Directors (Executive and Non-executive including Independent Directors), Key Managerial Personnel and persons who may be appointed in senior management positions.

2. Framework for remuneration of the Directors, Key Managerial Personnel & Senior Management Personnel and align with the Companys business strategies, values, key priorities and goals.

3. Rewards linked directly to the effort, performance, dedication and achievement of Companys targets by the employees.

4. Approach for board diversity.

During the year, the Policy of the Company was amended to update the age criteria for the appointment of Independent Director. The Policy is available on the Companys website at https://www.leatherchem.com/pdf/Nomination-and-Remuneration-Policy.pdf .

Annual evaluation by the Board of its own performance, performance of its Committees and Individual Directors

The Company has revised a Policy for performance evaluation of the Board, Committees and other individual Directors (including Independent Directors) which includes criteria for performance evaluation of Non-executive Directors and Executive Directors. The evaluation process inter alia considers the attendance of Directors at Board and committee meetings, acquaintance with business, communicating inter-se board members, effective participation, domain knowledge, compliance with code of conduct, vision, and strategy.

The Board carried out an annual performance evaluation of the Board, Committees, Individual Directors and the Chairperson. The Chairman of the respective Committees shared the report on evaluation with the respective Committee members. The performance of each Committee was evaluated by the Board, based on the report on evaluation received from respective Committees. The report on performance evaluation of the Individual Directors was reviewed by the Chairman of the Board and feedback was given to Directors.

Corporate Governance Philosophy

Haryana Leather Chemicals Limited (HLCL) is committed to the highest standards of governance to enhance long-term shareholder value and safeguard minority rights. We view the transparent, timely, and accurate disclosure of our operations,financial performance, and leadership structures as a fundamental responsibility to our stakeholders.

Ethical Framework & Human Rights

Our governance systems, processes, and corporate frameworks are deeply rooted our core Mission, Vision, and Values.

1. The HLCL Code of Conduct: Establishes the core values and ideals that guide the organization and its employees in all business operations.

2. Human Rights Commitment: We view human rights as an integral aspect of doing business. The specialized Haryana Leather Chemicals Limited Code of Conduct ensures we actively respect and protect human rights while swiftly remediating any adverse impacts stemming from our business activities.

Board Oversight & Structure

Our governance guidelines establish clear accountability and oversight, specifically covering:

1. Composition, roles, and responsibilities of the Board, Chairman, and Directors.

2. Board diversity and mandatory retirement age policies.

3. Constitution and mandates of various Board Committees.

Compliance Management

HLCL operates a robust compliance management system to monitor all legal and regulatory obligations across our plants and offices.

1. A comprehensive Compliance Certificate is reviewed by the Board of Directors every quarter.

2. In strict compliance with SEBI Listing Regulations, the Corporate Governance Report and the Secretarial Auditors Certificate are fully integrated into this Annual Report.

Directors Responsibility Statement

Pursuant to Section 134(5) of the Companies Act, 2013, the Directors to the best of their knowledge and ability, confirm in respect of the Audited Annual Accounts for the year ended 31st March, 2026 that: 1. in the preparation of the annual accounts, the applicable accounting standards had been followed and that there were no material departures; 2. the Directors had, in consultation with the Statutory Auditors, 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 for the year ended 31^st March, 2026 and profit of the Company for that period; 3. the Directors had 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; 4. the Directors had prepared the annual accounts on a going concern basis; 5. the Directors had laid down proper internal financial controls to be followed and that such internal financial controls were adequate and were operating effectively; and

6. 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.

Management Discussion and Analysis

Pursuant to Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), the Management Discussion and Analysis Section has been presented in a separate section.

Corporate Governance Report

In compliance with Regulation 34 read with Schedule V of the SEBI Listing Regulations, the Corporate Governance Report for FY 2025-26, has been presented in a separate section forming the part of Annual Report A certificate from M/s Manoj Gupta & Associates, Company Secretaries, confirming compliance with corporate governance requirements under the SEBI Listing Regulations, is annexed as Annexure to this report.

In compliance with corporate governance requirements as per the SEBI Listing Regulations, your Company has formulated and implemented a Code of Conduct for all Board members and senior management personnel of your Company ("Code of Conduct"), who have afirmed the compliance thereto. The Code of Conduct is available on the website of your Company at https://www.leatherchem.com/pdf/Code-of-conduct-of-Board-of-Directors-and-Senior-Management-Personnel.pdf .

Annual Return

In compliance with the provisions of Section 92(3) read with Section 134(3)(a) of the Act, the Annual Return of the Company i.e. Form MGT-7 for FY 2025-26 has been uploaded on the website of the Company at https://www.leatherchem.com/annual-return

Related party Transaction

All contracts, arrangements and transactions entered by the Company with related parties during FY 2025-26 were in the ordinary course of business and on an arms length basis. The Company did not enter any transaction, contract or arrangement with related parties, that could be considered material in accordance with the Act, the SEBI Listing Regulations and the Companys Policy on Related Party Transactions ("RPT Policy"). Accordingly, the details of Related Party Transactions, as required under Indian Accounting Standard-24 (Ind AS-24), are provided in the accompanying Financial Statements forming part of this Annual Report. Form AOC-2 pursuant to Section 134 (3)(h) of the Companies Act, 2013 read with Rule 8(2) of the Companies (Accounts) Rules, 2014 is set out as "Annexure-A" to this Report. The details of the related party transactions as per IND AS 24 have been provided in notes of the standalone financial statements.

All transactions with related parties are placed before the Audit Committee for its prior approval. Further, only those members of the Committee, who are Independent Directors, approve the related party transactions. An omnibus approval from Audit Committee is obtained for the related party transactions which are repetitive in nature. The Audit Committee comprise solely of the Independent Directors. The members of the Audit Committee abstained from discussing and voting in the transaction(s) in which they were interested.

Your Company did not enter into any related party transactions during the year under review, which could be prejudicial to the interest of minority shareholders.

The Policy on Related Party Transactions is available on your Companys website and can be accessed using the link: https:// www.leatherchem.com/pdf/HLCL-RPT-Policy.pdf .

Pursuant to the provisions of Regulation 23 of the SEBI Listing Regulations, your Company has filed half yearly reports to the stock exchanges, for the related party transactions

Internal Financial Control System and their adequacy

The Company has established an adequate and effective system of Internal Financial Controls ("IFC") to ensure orderly and efficient conduct of business operations. These controls ensure adequacy with reference to the Financial Statements, compliance with policies, safeguarding of assets, prevention and detection of frauds & errors and maintenance of accurate accounting records. The IFC framework is aligned with applicable statutory requirements and based on a globally recognized risk-based framework

Statutory Auditor and their Reports

Pursuant to the provisions of Section 139 of the Act read with rules made thereunder, as amended from time-to-time M/s. S.C Deewan & Co. Chartered Accountants, were appointed as Statutory Auditors of the Company, for a period of five consecutive years at the Annual General Meeting held on September 24, 2022, to hold his office till the conclusion of 42nd Annual General Meeting of the Company to be held in 2027. The Statutory Auditor has confirmed their eligibility and submitted the certificate in writing that they are not disqualified to hold the office of the statutory auditor. Further, in terms of the SEBI Listing Regulations, the Auditors have confirmed that they hold a valid certificate issued by the Peer Review Board of the ICAI.

Statutory Auditors have expressed their unmodified opinion on the Standalone and Consolidated Financial Statements and their reports do not contain any qualifications, reservations, adverse remarks, or disclaimers. The Notes to the financial statements referred in the Auditors Report are self-explanatory.

The Notes to the financial statements referred in the Auditors Report are self-explanatory.

The Statutory Auditors Report for the standalone and consolidated financial statements does not contain any qualification, reservation, adverse remarks or observation. During the year 2025-26, the Auditors had not reported any matter under Section 143(12) of the Act, therefore no detail is required to be disclosed under Section 134(3) (ca) of the Act.

Secretarial Auditor and their Reports

M/s Neeraj Gupta & Associates., Practicing Company Secretaries (CP No. 4006 & Membership No- F-5720), were appointed as the Secretarial Auditor of the Company for a period of 5 consecutive years, commencing from FY 2025-26 to FY 2029-30, at the Board meeting held on May 15, 2025, based on the recommendation of the Audit Committee of Directors, same was approved by the members in the last 40th AGM of the Company. They will undertake secretarial audit as required and issue the necessary secretarial audit report for the aforesaid period in accordance with the provisions of Section 204 of the Act and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and amended Regulation 24A of the Listing Regulations. They have confirmed that their appointment complies with the eligibility criteria in terms of Listing Regulations. The Secretarial Audit Report confirms that the Company has complied with the provisions of the Act, Rules, Regulations and Guidelines and that there were no deviations or non-compliances.

In pursuance of Section 204 of the Companies Act, 2013 read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board, on the recommendations of the Audit Committee, had appointed Companies Act, 2013, and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, M/s. Neeraj Gupta & Associates, Practicing Company Secretary was appointed to undertake the Secretarial Audit of the Company for the Financial Year ended 31^st March, 2026.

Secretarial Audit Report for the Financial Year ended on 31^st March, 2026, issued by M/s. Neeraj Gupta & Associates, Practicing Company Secretary, in Form MR-3 forms part of this report and marked as "Annexure-B".

The said report contains no qualification/observation requiring explanation or comments from Board under section 134(3)(f) (ii) of the Companies Act, 2013.

Reporting Frauds by Auditors

During the year under review, the Statutory Auditors and Secretarial Auditor of your Company have not reported any instances of fraud committed in your Company by Companys officers or employees, to the Audit Committee, as required under Section 143(12) of the Act.

Particulars Of Loans, Investments, Guarantees and Security

The provisions of Section 186 of the Companies Act, 2013 relating to loans, guarantees, securities, and investments are applicable to the Company.. However, the particulars of loans given, guarantees provided, securities extended, and investments made by the Company are disclosed in the Notes forming part of the Financial Statements.

Risk Management

India (SEBI) vide notification dated May 5, 2021, the provisions relating to the constitution of a Risk Management Committee are applicable to the top 1,000 listed entities determined on the basis of market capitalization as at the close of the immediately preceding financial year.

As the Company does not fall within the aforesaid criteria, the provisions relating to the constitution of a Risk Management Committee is presently not applicable to the Company. Further, the Company has adequate internal control systems and risk assessment mechanisms in place to identify and mitigate potential business risks, and no risk has been identified which may threaten the existence of the Company as a going concern.

Particulars Of Energy Conservation, Technology Absorption and Foreign Exchange Earnings and Outgo

The information on conservation of energy, technology absorption and foreign exchange earnings and outgo stipulated under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of The Companies (Accounts) Second Amendment Rules, 2015 (As per notification dated 4th September, 2015), is annexed to this Report as "Annexure-C".

Whistle Blower Policy and Vigil Mechanism

Pursuant to the provisions of Section 177(9) and 177(10) of the Companies Act, 2013, read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014 and Regulation 22 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has established a Whistle Blower Policy and Vigil Mechanism for Directors, employees, and other stakeholders to report genuine concerns, unethical behavior, actual or suspected fraud, or violation of the Companys Code of Conduct.

The mechanism provides for adequate safeguards against victimization of whistle blowers and ensures direct access to the Chairperson of the Audit Committee in appropriate or exceptional cases.

The Company is committed to conducting its affairs in a fair and transparent manner by adopting the highest standards of professionalism, integrity, and ethical behavior, thereby fostering a culture of accountability and good corporate governance. The Vigil Mechanism - cum - Whistle Blower Policy may be accessed on the Companys website at the link: https://www. leatherchem.com/pdf/Vigil-Mechanism-Whistle-Blower-Policy.pdf.

Prevention Of Sexual Harassment

Pursuant to the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 ("POSH Act") and the Rules framed thereunder, the Company has constituted an Internal Committee (IC) to address complaints relating to sexual harassment at the workplace and to ensure compliance with the provisions of the POSH Act. The Company has in place a comprehensive Policy on Prevention of Sexual Harassment at Workplace, aimed at promoting a safe, secure, and respectful work environment. The policy provides for a fair and transparent grievance redressal mechanism, ensuring prompt inquiry and resolution of complaints within prescribed timelines.

The Policy is uploaded on the website of the Company at https://www.leatherchem.com/pdf/HLCL-POSH-Policy.pdf.

No complaints were pending at the beginning of the financial year. During the year under review, no concern was reported. No complaint was pending as at the end of the financial year. To build awareness in this area, the Company has been conducting awareness sessions during induction of new employees and also periodically for permanent employees, third-party employees and contract workmen through online modules and webinars.

Human Resources a) Statement showing details of employees as required under Section 197(12) of the Companies Act, 2013 read with Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 has been provided in Annexure-D (I) which forms part of this Report. b) Information pertaining to remuneration to be disclosed by listed companies in terms of Section 197(12) of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 have been provided in Annexure-D(II) which forms part of this Report.

Other Disclosures

During the year:

1. No amount was proposed to be transferred to the Reserves;

2. There was no change in the nature of business of the Company;

3. The Company has complied with the applicable Secretarial Standards, i.e., SS-1 and SS-2, relating to Meetings of the Board of Directors and General Meetings, respectively;

4. There was no instance wherein the Company failed to implement any corporate action within the statutory time limit;

5. The Company did not accept any deposit within the meaning of Sections 73 and 74 of the Act read with the Companies (Acceptance of Deposits) Rules, 2014 and accordingly no amount on account of principal or interest on public deposits was outstanding as on 31st March, 2026.

6. No significant or material orders were passed by the regulators or courts or tribunals which could impact the going concern status of the Company and its future operations;

7. The Company has complied with the provisions of the Maternity Benefits Act, 1961;

8. There were no material changes and commitments which occurred after the close of the year till the date of this report, which may affect the financial position of the Company;

9. There are no amounts due and outstanding to be credited to Investor Education and Protection Fund as on 31st March, 2026; and

ACKNOWLEDGEMENTS

We hereby express our profound gratitude to the governments of all the countries in which the Company operates. We also wish to place on record our sincere appreciation to the Ministry of Chemicals and Fertilisers, Government of India, as well as to the Central and State Governments, National Pharmaceutical Pricing Authority, regulatory bodies / authorities, financial institutions, business partners, shareholders, healthcare professionals and all other stakeholders for the assistance, cooperation and encouragement extended to the Company. We also wish to acknowledge our appreciation for the dedication and relentless efforts of our employees.

For and on behalf of the Board of Directors Date: 10^th August, 2026 For Haryana Leather Chemicals Limited

Place: Gurugram Pankaj Jain DIN: 00206564

Mangaing Director