Hindprakash Industries Ltd Directors Report

DIRECTORS REPORT

DEAR MEMBERS OF HINDPRAKASH INDUSTRIES LIMITED,

Your Directors take pleasure in presenting the 18^th Annual Report on business and operations along with the Audited financial statements and the Auditors report of the Company for the financial year ended on March 31, 2026.

FINANCIAL HIGHLIGHTS:

The Audited Financial Statements of your Company as on March 31, 2026 are prepared in accordance with the relevant applicable 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 Companys financial performance, for the year ended March 31, 2026 is summarized below:

	(Rupees in Lakhs, unless otherwise stated)
PARTICULARS	For the year ended on 31-03-2026	For the year ended on 31-03-2025
Revenue from Operations	11,505.93	10,181.60
Other Income	661.66	267.42
Total Income	12,167.59	10,449.02
Less: Expenditure other than Depreciation and Finance cost	11,408.16	9,918.18
Profit before Interest, Depreciation and Tax	759.43	530.84
Less: Depreciation and Amortisation Expenses	41.53	40.57
Less: Finance Cost	398.84	266.29
Less: Profit before Exceptional Items and Tax	319.06	223.98
Less: Exceptional Items	0.00	0.00
Profit before tax	319.06	223.98
Less: Current Tax	82.55	64.31
Less: (Excess)/short provision of income tax of earlier years	(28.92)	(4.81)
Less: Deferred tax	(9.21)	0.05
Profit after Tax	274.64	164.43
Add: Other Comprehensives income (net of tax)	(0.09)	0.09
Total Comprehensive Income for the year (net of tax)	274.55	164.52
Earnings per share (EPS) of Rs. 10/- each	2.40	1.44

PERFORMANCE REVIEW:

During the year under review, your company has recorded revenue from operations of Rs. 11,505.93 Lakhs as compared to previous years revenue from operations of Rs. 10,181.60 Lakhs. Profit after taxation was Rs. 274.64 Lakhs as compared to Profit after taxation of Rs. 164.43 Lakhs of previous year.

The operational performance of your Company has been comprehensively discussed in the Management Discussion and Analysis Report, which forms part of this Integrated Annual Report.

SHARE CAPITAL:

The authorised share capital of the company as on date of balance sheet is Rs. 12,50,00,000/- divided into 1,25,00,000 equity shares of face value of Rs. 10/- each.

The paid-up share capital of the company as on date of balance sheet is Rs. 11,42,41,100/- divided into 1,14,24,110 equity shares of face value of Rs.10/- each.

There was no change in the share capital of the Company during the financial year under review.

OTHER SHARES:

Apart from the equity shares as stated above, the company has not issued any other class of shares i.e. equity shares with differential rights, sweat equity shares, employee stock options and did not purchase its own shares. Hence there is no information to be provided as required under Rule 4(4), Rule 8(13), Rule 12(9) and Rule 16(4) of the Companies (Share Capital and Debentures) Rules, 2014 and Section 62 of the companies Act 2013 respectively.

DIVIDEND AND RESERVES:

With a view to conserve the resources, the Board of Directors has not recommended any dividend for the year under review ended on 31st March, 2026.

The Company has not transferred any amount to Reserves during the year under review.

Pursuant to Regulation 43A of LODR Regulation 2015, the regulations related to Dividend Distribution Policy is not applicable to the Company.

TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND:

During the year under review, the Company did not declare any dividend and accordingly, there was no amount required to be transferred to the Unpaid Dividend Account. Further, the outstanding amount of unpaid/unclaimed dividend relating to earlier years had already been transferred to the Unpaid Dividend Account in compliance with the provisions of Section 124(1) of the Companies Act, 2013.

Since there was no unpaid / unclaimed dividend for a period of Seven years or more, the Company is not required to transfer any amount to the Investor Education and Protection Fund as required under the provision of Section 125 of the Companies Act, 2013.

STATE OF THE COMPANYS AFFAIRS:

The state of the Company affairs forms an integral part of Management Discussion and Analysis Report which is annexed as "Annexure-I" to the report.

MATERIALTHE NATURE OF BUSINESS:

No changes have been made in nature of business carried out by the Company during the financial year 2025-26.

MATERIAL CHANGES AND COMMITMENTS:

There have been no material changes and commitments which have occurred between the end of the financial year to which the financial statements relate and the date of this Report, affecting the financial position of the company.

SUBSIDIARY, JOINT VENTURES AND ASSOCIATE COMPANIES:

The Company does not have any subsidiary company or associate company. Company has not entered into any joint venture. Hence, no further disclosures are required in this regard.

PUBLIC DEPOSIT:

The Company has not accepted or renewed any amount falling within the purview of provisions of Section 73 of the Companies Act, 2013 ("the Act") read with the Companies (Acceptance of Deposit) Rules, 2014 during the year under review. Hence, the requirement for furnishing the details of deposits in compliance with Chapter V of the Act is not applicable.

PARTICULARS OF LOAN, GUARANTEES OR INVESTMENT MADE UNDER SECTION 186:

The details of the loans, guarantees and investments, if any are provided in the notes to the audited financial statements annexed with the Annual Report.

ANNUAL RETURN:

Pursuant to Section 134(3)(a) and Section 92(3) of the Act, the Copy of Annual Return of the Company for the financial year ended 31^st March, 2026 will be placed on the Companys website at www.hindprakash.in .

DIRECTORS & KEY MANAGEMENT PERSONNEL:

• Composition of Board & Board Meetings:

Our board compromises of a group of Executive, Non-Executive and Independent Directors. As on March 31, 2026, the Company has six Directors. Out of the six Directors, four are Non- Executive Directors and of which three are Independent Directors. The composition of the Board is in conformity with the provisions of Section 149 of the Act and LODR Regulations.

The Board Comprise of the following:

NAME OF THE DIRECTOR	DESIGNATION	DIN
Mr. Om Prakash Mangal	Chairman & Non-Executive Director	03078228
Mr. Sanjay Prakash Mangal	Managing Director	02825484
Mr. Santosh Narayan Nambiar	Whole time Director	00144542
Mr. Jitendra Kumar Sharma	Independent Director	07526003
Mr. Rushabh Shah	Independent Director	09012222
Ms. Shivani Pathak	Independent Director	10481354

During the Financial year 2025-26, the Board of Directors met 7 (Seven) times. In respect of these meetings, proper notices were given and the proceedings were properly recorded and signed in the Minutes Book maintained for the purpose. The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013. The details which are as mentioned below:

SR. NO.	DATE OF BOARD MEETINGS	TOTAL STRENGTH OF THE BOARD	NO.OF DIRECTORS PRESENT
1	29/05/2025	6	6
2	14/08/2025	6	6
3	01/09/2025	6	6
4	29/10/2025	6	6
5	14/11/2025	6	6
6	13/02/2026	6	6
7	18/03/2026	6	6

During the year under review, there were no changes in the composition of the Board of Directors and Key Managerial Personnel ("KMP") of the Company.

• Changes Subsequent to the Closure of the Financial Year

After the closure of the financial year, the following changes took place in the composition of the Directors and KMP of the Company:

Cessation

Mr. Utsav Trivedi (Membership No. A57058) resigned from the position of Whole-time Company Secretary of the Company with effect from June 30, 2026, due to personal reasons.

Re-appointments:

The first term of five years of appointment as an Independent Director of Mr. Rushabh Anilkumar Shah (DIN: 09012222) will be expiring on January 19, 2027. Based on his skills, experience, knowledge, performance, evaluation and recommendation of the Nomination and Remuneration Committee and the Board of Directors, it is proposed to re-appoint him for the second term of 5 (five) consecutive years effective from January 20, 2027, subject to approval of the members at the ensuing Annual General Meeting.

His brief resume, as required under Regulation 36(3) of the SEBI (LODR) Regulations, 2015, forms part of the Notice of the 18th Annual General Meeting of the Company.

The Board recommends passing necessary resolution.

• Retirement by Rotation:

In accordance with the provisions of the Companies Act, 2013 and Companys Articles of Association, Mr. Santosh Narayan Nambiar (DIN: 00144542) retires by rotation at the ensuing Annual General Meeting and being eligible, offers himself for re-appointment. The Board recommends his re-appointment.

As required under regulation 36(3) of SEBI (LODR), 2015, particulars of the Director retiring and seeking reappointment at the ensuing Annual General Meeting is annexed to the notice convening the Annual General Meeting.

• Key Managerial Personnel:

As on the date of this report, the following are the Key Managerial Personnel(s) of the Company:

SR. NO.	NAME	DESIGNATION
2	Mr. Santosh Narayan Nambiar	Whole time Director
3	Mr. Hetal Shah	Chief Financial Officer

• Declaration from Independent Director:

The Company has three Independent Directors as on the date of this report and all the Independent Directors of the Company have given declarations stating that they meet the criteria of independence as prescribed under Section 149(6) of the Companies Act, 2013 read with the rules made there under and read with Regulation 16(1)(b) of the Listing Regulations and in the opinion of the Board, the Independent Directors meet the said criteria and are Independent of the management of the Company. Further, the Board is of the opinion that the Independent Directors of the Company possess requisite qualifications, experience (including the proficiency) and expertise in their respective fields and that they hold highest standards of integrity. In terms of Regulations 25(8) of the Listing Regulations, the Independent Directors have confirmed that they are not aware of any circumstance or situation which exists or may be anticipated that could impair or impact their ability to discharge their duties.

COMMITTEES OF THE BOARD:

In compliance with the requirement of applicable provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (the SEBI (LODR) Regulations, 2015) and as part of the best governance practice, the Company has constituted following Committees of the Board.

I. Audit Committee

II. Nomination and Remuneration Committee

III. Stakeholders Relationship Committee

Details of the composition of the Board and its Committees and of the meetings held, attendance of the Directors at such meetings and other relevant details are given Corporate Governance Report attached as a separate Annexure-IV.

DISCLOSURE BY DIRECTORS:

The Directors on the Board have submitted notice of interest under Section 184(1) of the Companies Act, 2013 i.e. in Form MBP 1, intimation under Section 164(2) of the Companies Act, 2013 i.e. in Form DIR 8 and declaration as to compliance with the Code of Conduct of the Company.

VIGIL MECHANISM

The Company has implemented Vigil Mechanism. For details, please refer Corporate Governance Report attached as a separate Annexure-IV.

DIRECTORS RESPONSIBILITY STATEMENT:

To the best of their knowledge and belief and according to the information and explanations obtained by them, your Directors make the following statements in terms of Clause (c) of Sub-Section (3) of Section 134 of the Companies Act, 2013, which states that—

a) in the preparation of the Annual Accounts, the applicable Accounting Standards have been followed and that no material departures have been made from the same;

b) the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of the Company for that period;

c) the Directors have 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 have prepared the Annual Accounts on a going concern basis;

e) the Directors have laid down Internal Financial Controls to be followed by the Company and that such Internal Financial Controls are adequate and were operating effectively; and

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

FORMAL EVALUATION OF THE PERFORMANCE OF THE BOARD, COMMITTEES OF THE BOARD AND INDIVIDUAL DIRECTORS:

Pursuant to the provisions of Section 134(3)(p) of the Companies Act, 2013 read with the rules thereof and the SEBI (LODR) Regulations, 2015, the Board has carried out the evaluation of annual performance of its own, the Directors individually as well as the evaluation of the working of its Committees on the basis of attendance, contribution and various criteria as recommended by the Nomination and Remuneration Committee of the Company. A structured questionnaire was prepared after taking into consideration inputs received from the Directors, covering various aspects of the Boards functioning such as adequacy of the composition of the Board and its Committees, Board Culture, execution and performance of specific duties, obligations and governance. The board was satisfied with the performance evaluation done of the directors.

In pursuant to Regulation 17(10) of the SEBI (LODR) Regulations, 2015, the evaluation of Independent Directors was done by the entire Board of Directors which includes:

I. Performance of the Directors and

II. Fulfillment of the Independence criteria as specified in the regulations and their independence from the management.

The Independent Directors are satisfied with the outcome of evaluation.

INDEPENDENT DIRECTORS

• Qualifications of Independent Director

An Independent director shall possess appropriate skills, qualifications, experience and knowledge in one or more fields of finance, law, management, marketing, administration, corporate governance, operations or other disciplines related to the Companys business.

• Positive attributes of Independent Directors

An independent director shall be a person of integrity, who possesses knowledge, qualifications, experience, expertise in any specific area of business, integrity, level of independence from the Board and the Company etc. Independent Directors are appointed on the basis of requirement of the Company, qualifications & experience, expertise in any area of business, association with the Company etc. He / She should also devote sufficient time to his/her professional obligations for informed and balanced decision making; and assist the Company in implementing the best corporate governance practices.

• Independence of Independent Directors.

An Independent director should meet the requirements of Section 149(6) of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015 and give declaration to the Board of Directors for the same every year.

In the opinion of the Board, all the Independent Directors possess requisite qualifications, experience, expertise including Proficiency and hold high standards of integrity for the purpose of Rule 8(5) (iiia) of the Companies (Accounts) Rules, 2014.

OTHER DIRECTORS AND SENIOR MANAGEMENT

The Nomination and Remuneration Committee shall identify and ascertain the qualifications, expertise and experience of the person for appointment as Director or at Senior Management level and recommend to the Board for his / her appointment.

The Company shall not appoint or continue the employment of any person as Whole-time Director or Senior Management Personnel if the evaluation of his / her performance is not satisfactory. Other details are disclosed in the Corporate Governance Report under the head Nomination and Remuneration Committee and details of Remuneration (Managing Director / Whole Time Director(s) and Non-Executive Directors) are attached as a separate Annexure-IV to this Report.

FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS:

The Independent Directors have been updated with their roles, rights and responsibilities in the Company by specifying them in their appointment letter along with necessary documents, reports and internal policies to enable them to familiarize with the Companys Procedures and practices. The Company has through presentations at regular intervals, familiarized and updated the Independent Directors with the strategy, operations and functions of the Company and Industry as a Whole and business model. The details of such familiarization programmes imparted to Independent Directors can be accessed on the website of the Company at. https://www.hindprakash.in /images/ourteam/ace78743fc160c85b3543742c2e930b0.pdf .

REMUNERATION POLICY

This Nomination and Remuneration Policy ("Policy") provides the framework and key guiding principles to be followed in for appointment and determination of remuneration of Directors, Key Managerial Personnel and Senior management personnel.

This Policy is to establish and govern the procedure applicable:

a) To evaluate the performance of the members of the Board.

b) To ensure remuneration to Directors, KMP and Senior Management involves a balance between fixed and incentive pay reflecting short and long-term performance objectives appropriate to the working of the Company and its goals.

c) To retain, motivate and promote talent and to ensure long term sustainability of talented managerial persons and create competitive advantage.

Pursuant to the requirements of Section 134 and 178 of the Companies Act, 2013, read with the relevant Rules framed thereunder, the policy on appointment of Board Members and policy on remuneration of the Directors, KMPs and Senior Management is attached as per Annexure - VI to this Report.

The said Policy is available on the website of the Company at https://www.hindprakash.in /images/ourteam/b85b3500b26b31092c354e19c3a189b7.pdf .

MANAGERIAL REMUNERATION AND EMPLOYEES

Details required pursuant to Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014 are enclosed separately as an Annexure-III.

Details of employees required pursuant to Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014 is annexed as a separate Annexure, however it is not being sent along with this annual report to the members of the Company in line with the provisions of Section 136 of the Companies Act, 2013 and rules made there under. Members who are interested in obtaining these particulars may write to the Managing director at the Registered Office of the Company. The aforesaid Annexure is also available for inspection by members at the Registered

Office of the Company, 21 days before and up to the date of the ensuing Annual General Meeting during the business hours on working days.

Company has not sanctioned loan to any of its employees for purchase of Companys shares under any scheme. CORPORATE GOVERNANCE AND MANAGEMENT DISCUSSION AND ANALYSIS

Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, report on Corporate Governance and Management discussion and Analysis have been included in this Annual Report per separate Annexure-IV and Annexure-I respectively.

AUDITORS:

• STATUTORY AUDITORS:

M/s. K K A K & Co., Chartered Accountants (Firm Registration Number: 148674W), Ahmedabad, were appointed as the Independent Auditors of the Company for a period of 5 (five) years from F.Y. 2025-26 to F.Y. 2029-30 i.e. from the conclusion of 17th Annual General Meeting till the conclusion of 22nd Annual General Meeting of the Company in the Board Meeting held on September 01, 2025 and subsequently, approved by the shareholders in the 17th Annual General Meeting held on September 27, 2025.

The Auditors report during the year under review does not contain any qualification/remarks nor any instance of fraud committed against the Company by its officers or employees, the details of which would need to be mentioned in the Boards report. The Board has duly reviewed the Statutory Auditors Report and the observations and comments, appearing in the report, are self-explanatory and do not call for any further explanation/ clarification.

• SECRETARIAL AUDITORS:

As required by Section 204 of The Companies Act, 2013 read with The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and amended Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, M/s. Ankit Sethi & Associates, Practicing Company Secretaries, Mumbai, a peer reviewed firm of Company Secretaries in Practice, were appointed as the Secretarial Auditors of the Company for 5 financial years from F.Y. 2025-26 to F.Y. 2029-30, in the Board Meeting held on September 01, 2025 and subsequently, approved by the shareholders in the 6th Annual General Meeting held on September 27, 2025.

The Report of the Secretarial Audit for the financial year ended on March 31, 2026 is enclosed as Annexure-V to this Directors Report. Their Report does not contain any qualification/remark.

• COST AUDITORS:

The Company has appointed M/s. A. G. Tulsian & Co., Practicing Cost Accountants (Firm Registration Number: 100629) as Cost Auditors for conducting cost audit for the year 2026-27.

As required by the Companies Act, 2013 the remuneration payable to the Cost Auditor is required to be placed before the members in General Meeting for their ratification. Accordingly, necessary resolution seeking ratification of remuneration payable to cost auditor is included in the notice convening the Annual General Meeting.

The Directors of the Company to the best of their knowledge and belief state that the Company has maintained adequate Cost records as required to be maintained by the Company under the provisions of Section 148 of the Companies Act, 2013 read with the relevant Rules framed thereunder.

• REPORTING OF FRAUDS

During the year under review, the Statutory Auditors, Cost Auditors and Secretarial Auditors have not reported any instances of fraud committed in the Company by its Officers or Employees to the Audit Committee and / or Board under section 143(12) of the Act.

• INTERNAL AUDITORS:

Pursuant to the provisions of Section 138 of the Act read with the Companies (Accounts) Rules, 2014, the Company has appointed Mr. Ajay Maurya as an Internal Auditor of the Company to conduct internal audit for five years beginning from financial year 2024-25 to financial year 2028-29.

MAINTENANCE OF COST RECORDS:

The Company shall maintain cost records and comply with applicable cost accounting, cost audit, reporting and filing requirements under the Companies Act, 2013 and other applicable laws, rules and regulations, as amended from time to time.

CORPORATE SOCIAL RESPONSIBILITY(CSR):

The provisions of Section 135 of the Companies Act, 2013 with regard to the Corporate Social Responsibility (CSR) are not applicable to the Company during the year under review.

MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY

No material changes or commitments, affecting the financial position of the Company have occurred between the end of the financial year of the Company to which the financial statements relate, i.e. March 31, 2026 and the date of the Boards Report.

There is no application pending under the Insolvency and Bankruptcy Code 2016 against the Company.

ORDERS PASSED BY REGULATORY BODIES OR COURTS:

There are no significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and Companys operations in future.

PARTICULARS OF CONTRACTS/ ARRANGEMENTS WITH RELATED PARTIES:

All Related Party entered into during the FY 2025-Transactions that were 26 were on an arms length basis and in the ordinary course of business. There were no materially significant Related Party Transactions entered into by the Company during the year that required shareholders approval under Regulation 23 of the Listing Regulations. Prior approval from the Audit Committee is obtained for transactions which are repetitive in nature. Further, disclosures are made to the Committee from time to time at reasonable interval.

The Company presents all related party transactions before the Board specifying the nature, value and terms and conditions of the transaction. Transactions with related parties are conducted in a transparent manner with the interest of the Company and Stakeholders as utmost priority.

During the year under review, the Company had not entered into any contract/ arrangement / transaction with related parties which could be considered material and which is required to be reported in Form No. AOC-2 in terms of Section 134(3)(h) read with Section 188 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014.

Members may refer Notes forming part of the Financial Statements which sets out related party disclosures pursuant to the Accounting Standard 18.

The Company has framed a policy on RPTs for the purpose of identification, approval and monitoring of such transactions. The policy on Related Party Transactions is hosted on the Companys website at https://www.hindprakash.in/images/ourteam/prpt.pdf .

INSURANCE:

All Insurable interests of the Company including Buildings, Plant & Machinery, Furniture & Fixtures, Inventories and other insurable interests are adequately insured.

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, as amended from time to time is annexed to this Report as Annexure-II.

STATEMENT CONCERNING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY OF THE COMPANY:

The Company has in place, a mechanism to identify, access, monitor and mitigate various risks towards the key business objectives of the Company. Major risk identified by the business and functions are systematically addressed through mitigating actions on a continuing basis. The risk management system is designed to safeguard the organization from various risks through adequate and timely action. It is designed to anticipate, evaluate and mitigate risks in order to minimize its impact on the business.

The Risk Management system is also overseen by the Audit Committee / Board of Directors of the Company on a continuous basis. The major risks identified by the businesses are systematically addressed through mitigation actions on a continual basis.

PREVENTION OF SEXUAL HARASSMENT AT WORKPLACE:

The Company has in place a Policy against Sexual Harassment at workplace in line with the requirement of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. Internal Complaints Committees have been set up to redress complaints received regarding sexual harassment. The Company has not received any complaints during the year under the Sexual Harassment of Women at workplace (Prevention, Prohibition and Redressal) Act, 2013.

COMPLIANCE OF THE PROVISIONS RELATING TO THE MATERNITY BENEFIT ACT 1961.

The Company has complied with the provisions of the Maternity Benefit Act, 1961, including all applicable amendments and rules framed thereunder. The Company is committed to ensuring a safe, inclusive, and supportive workplace for women employees. All eligible women employees are provided with maternity benefits as prescribed under the Maternity Benefit Act, 1961, including paid maternity leave, nursing breaks, and protection from dismissal during maternity leave. The Company also ensures that no discrimination is made in recruitment or service conditions on the grounds of maternity. Necessary internal systems and HR policies are in place to uphold the spirit and letter of the legislation.

During the year under review, no women employees availed maternity leave. The Company also provides flexible working arrangements and nursing breaks to support employees in balancing work and family responsibilities.

LISTING:

The securities of the Company are listed with BSE Limited and National Stock Exchange of India Limited. SEBI (LODR) Regulations, 2015 became applicable to the Company from the said date. The Company has paid the listing fees for F.Y. 2026-27 on the paid-up equity share capital to both the Stock Exchanges.

ADEQUACY OF INTERNAL FINANCIAL CONTROL:

The Company has an effective internal control system commensurate with the size, scale and complexity of its business operations which ensures that all the assets of the Company are safeguarded and protected against any loss from unauthorized use or disposition.

The Company has also put in place adequate internal financial controls with reference to the financial statements commensurate with the size and nature of operations of the Company. During the year, such controls were tested and no material discrepancy or weakness in the Companys internal controls over financial reporting was observed.

WEBSITE:

As per Regulation 46 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 the Company is maintaining a functional website " www.hindprakash.in " containing information about the Company. The website of the Company is containing information like Policies, Shareholding Pattern, Financial and information of the designated officials of the Company who are responsible for assisting and handling investor grievances for the benefit of all stakeholders of the Company etc.

HUMAN RESOURCE:

The Company considers its Human Resources as the key to achieve its objectives. Keeping this in view, the company takes utmost care to attract and retain quality employees. The employees are sufficiently empowered and such work environment propels them to achieve higher levels of performance. The unflinching commitment of the employees is the driving force behind the companys vision. The company appreciates the spirit of its dedicated employees.

SECRETARIAL STANDARDS:

The Board of Directors of the Company confirms to the best of their knowledge and belief that the Company has complied with the applicable provisions of the Secretarial Standards issued by the Institute of Company Secretaries of India as amended from time to time and made applicable by the Ministry of Corporate Affairs during the year under review.

APPRECIATION AND ACKNOWLEDGEMENT:

Your directors express their sincere appreciation to the shareholders, customers, bankers, suppliers and other business associates for the excellent support and cooperation extended by them.

Your directors gratefully acknowledge the ongoing co-operation and support provided by the Central and State Governments, Stock Exchanges, SEBI, RBI and Registrar of Companies, Gujarat and other Regulatory Bodies.

	For and on behalf of Board of Directors
	Hindprakash Industries Limited
	CIN: L24100GJ2008PLC055401
	Sanjay Prakash Mangal	Santosh Narayan Nambiar
Date: August 12, 2026	Managing Director	Whole-time Director
Place: Ahmedabad	DIN:02825484	DIN:00144542