Inditalia Refcon Ltd Directors Report

Your Directors present the 40^th Annual Report and the Audited Accounts for the year ended on 31^st March, 2026.

1. SUMMARY OF FINANCIAL PERFORMANCE DURING YEAR UNDER REPORT :

The financial results for the year ended 31^st March 2026 and the corresponding figures for the last year are as under:

Particulars	2025-26	2024-25
	Rs. In lacs	Rs. In lacs
Gross Income	31.84	0.00
Expenses	33.86	6.78
Extraordinary Items	0.00	0.00
Profit before Interest, Depreciation & Tax	-2.02	-6.78
Less: Finance Cost	0.00	0.00
Less: Depreciation & Amortization Expense
Less : Tax
Balance Profit/ Loss (-) carried to Balance Sheet	-2.02	-6.78

The Company had no manufacturing or trading activities during the period and has registered net loss of Rs.2,02,000/- (Rupees Two Lacs Two Thousand only).

2. AMOUNT SET ASIDE FOR TRANSFER TO GENERAL RESERVES & EPS ETC.:

The Company has incurred cash loss of Rs.2,02,000/- (Rupees Two Lacs Two Thousand only).and hence no comment has been offered as to Earning Per share. No amount is proposed to be transferred to General Reserve.

3. DIVIDENDS:

The Company has not proposed any dividend in view of losses.

4. BRIEF DESCRIPTION OF THE COMPANYS WORKING DURING THE YEAR/STATE OF COMPANYS AFFAIRS :

The Company had no manufacturing or trading activities during the period and has shown net loss of Rs.2,02,000/- (Rupees Two Lacs Two Thousand only), during the period.

5. CHANGE IN THE NATURE OF BUSINES :

There is no change in the business of the company.

6. EXTRACT OF ANNUAL RETURN :

Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies

(Management and Administration) Rules, 2014, the Annual Return is placed on the website of the Company at the following link http://www.ohminditalia.com/pdf/annual_report/Annual_Report_31st_March_2026.pdf

7. CHANGES TO THE BOARD OF DIRECTORS :

The Board of Directors of the Company continues to be led by Ms. Sujata R. Mital, Managing Director, and is supported by the Directors, Chief Financial Officer, Company Secretary and Compliance Officer and other Key Managerial Personnel of the Company.

Mr. Vipul Gandhi was appointed as Director (Non executive) w.e.f. 30.04.2025. He was further appointed as Chairman of Board w.e.f. 1.07.2025. Two new Independent Directors were also appointed w.e.f. 30.04.2025 in place of Mr. Abhay Dadarkar and Mr.Dattatray Amonker whose tenure expired on 31.03.2025.

Presently Board consists of 5 directors as under:-

Name	DIN No.	Designation
1 Navin Dalichand Sheth	02501231	Director and CFO
2 Sujata Mital Rajindar	01826116	Managing Director
3 Vipul Rajendrabhai Gandhi	02729144	Director
4 Chirag Kantilal Patel	10682219	Independent Director
5 Shamika Prashant Masurkar	11078122	Independent Director

Ms. Sujata Mital, promoter and woman director was reappointed as M D for further 5 years w.e.f. 1.04.2025. The fresh appointments as well as reappointment of MD were subsequently approved by the Members of the Company at the Extraordinary General Meeting held on July 30, 2025

8. KMP WHO WERE APPOINTED OR RESIGNED DURING THE YEAR UNDER REPORT :

During the year, Ms. Sonam A. Bhura resigned from the position of Company Secretary and Compliance Officer with effect from the close of business hours on December 05, 2025.

Subsequent to the close of the financial year, Ms. Rishita Taparia (Membership No. A70523) was appointed as the Company Secretary and Compliance Officer of the Company with effect from April 22, 2026, based on the recommendation of the Nomination and Remuneration Committee and approval of the Board of Directors.

9. APPOINTMENT OF DIRECTORS IN PLACE OF THOSE RETIRING :

In accordance with the provisions of the Companies Act, 2013 and the Articles of Association of the Company, Mr. Vipul Rajendrabhai Gandhi (DIN: 02729144), Director of the Company, retires by rotation at the ensuing Annual General Meeting and, being eligible, has offered himself for reappointment.

In connection with his re-appointment, Mr. Vipul Rajendrabhai Gandhi shall continue to serve as a Non-Executive Non-Independent Director of the Company, liable to retire by rotation. Mr. Gandhi possesses over 16 years of experience in the areas of financial services, investment management and capital markets, with expertise in finance, strategic investments, business development, capital and secondary markets and financial management.

The Board, based on the recommendation of the Nomination and Remuneration Committee, is of the view that the continued association of Mr. Vipul Rajendrabhai Gandhi with the Company as a Non-Executive Non-Independent Director would be beneficial to the Company and would contribute to effective governance, strategic deliberations and the overall functioning of the Board.

Accordingly, the requisite resolution for the re-appointment of Mr. Vipul Rajendrabhai Gandhi as a Director liable to retire by rotation, together with the requisite Explanatory Statement pursuant to

Section 102(1) of the Companies Act, 2013 and additional information pursuant to Regulation 36(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Secretarial Standard 2, forms part of the Notice convening the ensuing Annual General Meeting.

10. AUDITORS:

In terms of Section 139 of the Companies Act, 2013 ("Act"), M/s. Shah Kailash & Associates LLP, Chartered Accountants, a Peer Reviewed firm, were appointed as the Statutory Auditors of the Company for a period of five consecutive financial years commencing from FY 2025-26 to FY 2029-30, from the conclusion of the 39th Annual General Meeting ("AGM") until the conclusion of the 44th AGM, to audit the books of accounts of the Company for the said financial years and to issue their report thereon in accordance with the provisions of Section 143 of the Act.

The Auditors have confirmed that they continue to satisfy the eligibility criteria prescribed under the Act and that they hold a valid Peer Review Certificate and are eligible to continue as the Statutory Auditors of the Company. The Statutory Auditors Report for the financial year ended March 31, 2026 forms part of the Annual Report.

The Boards response to the Auditors comments are appended in paragraph 21 of the Board report.

11. OBSERVATIONS/REMARKS BY AUDITOR AND BOARD REPLY THERETO

OBSERVATIONS - The Auditors have expressed doubts regarding the going concern status of the company and observed as under:-

a. We draw attention to Note 17 of the financial statements regarding the preparation of accounts on "Going Concern Basis". The company have accumulated losses which in result eroded the entire net worth of the company and the labilities of the company has exceeded the assets of the company as at Balance Sheet date. There is no business activity in the company during the year which clearly indicated the existence of material uncertainty that may cast significant doubt on the companys ability to continue as a going concern. However, the financial statements of the company have been prepared on a going concern basis for the reasons stated in the said note. Our opinion is not modified in respect of this matter.

b. The company have accumulated losses which in result eroded the entire net worth of the company and the labilities of the company has exceeded the assets of the company as at Balance sheet date. There is no business activity in the company during the year which clearly indicated the existence of material uncertainty that may cast significant doubt on the companys ability to continue as a going concern. However, the financial statement of the company have been prepared on a going concern. The company has started exploring the future plans for carry out business operations and will infused the funds through loan from Directors. As informed by the Directors, Co. has paid the entire arrears of DP (CDSL & NSDL) Dues and brought the accounts up to date paving the way for full Dematerialization for investors, Co. expects to offer the Demat option to all its investors shortly. Co will approach the BSE for Revocation of Suspension from trading shortly and become a traded listed entity. The Co. has appointed M/s. Purva Sharegistry as the new RTA. New tripartite agreements between CDSL, NSDL, RTA and Co. were also signed during the year. Co. expects to start business of Leasing of Reefer containers with intention to start manufacturing after getting foothold in the market.

BOARD COMMENTS/CLARIFICATIONS ON AUDITORS REMARKS IN THE AUDIT REPORT :-

The Companys response to Auditors observation regarding the "Going Concern" status is based on the continuing losses and lack of business.

The Board is proposing to enter the "Container Leasing and studying other opportunities in export logistics business. The first priority of the Company is to restore listing for the companys shares and to regain the trust of its investors. The Directors are exploring funding options and use of AI to keep costs low in the proposed business lines.

12. SECRETARIAL AUDITOR :

CS Ms. Nisha Gidwani of Nisha & Associates, a Peer Reviewed Practising Company Secretary (Membership No. A45729 and Certificate of Practice No. 16658), was appointed as the Secretarial Auditor of the Company for a period of five consecutive financial years commencing from April 1, 2025 to March 31, 2030, in accordance with the provisions of Section 204 of the Companies Act, 2013 and Regulation 24A of the SEBI (LODR) Regulations, 2015, as applicable. The appointment was approved by the Members at the 39th Annual General Meeting of the Company.

The Secretarial Audit Report issued by CS Ms. Nisha Gidwani for the financial year ended March 31, 2026, in the prescribed Form MR-3, is annexed to this Report and forms part of the Annual Report. The Secretarial Auditor has confirmed that she is eligible to conduct the Secretarial Audit and that there are no disqualifications or impediments to her continuing as the Secretarial Auditor of the Company.

The board comments in response to the remarks of the Secretarial Auditor are given in

Annexure I.

APPOINTMENT OF REGISTRAR AND SHARE TRANSFER AGENT 13.

M/s. Purva Sharegistry (India) Private Limited was appointed as the Registrar and Share

Transfer Agent ("RTA") of the Company in place of MUFG Intime India Private Limited (formerly

Link Intime India Private Limited) in July 2025.

The Company also entered into the requisite tripartite arrangements with National Securities Depository Limited ("NSDL") and Central Depository Services (India) Limited ("CDSL") for providing dematerialisation facilities and connectivity to the Company and its RTA. The RTA was instructed to update the members records and and complete the process of establishing the DN Database for the dematted component of 174000 shares of the Company

14. MATERIAL CHANGES & EVENTS SUBSEQUENT TO THE DATE OF FINANCIAL STATEMENTS:

a) Reconstitution of the Board Please refer to paragraph 7 of the Board Report.

b) Changes affecting financial position of the Company- There have been no material changes and commitments affecting the financial position of the Company between the end of the financial year and the date of this Report.

c) Other Changes Ms. Rishita Taparia (Membership No. A70523) was appointed as the Company Secretary and Compliance Officer of the Company with effect from April 22, 2026, based on the recommendation of the Nomination and Remuneration Committee and approval of the Board of Directors.

C) DN Database Compliance - Subsequent to the end of the financial year, the Company identified a mismatch in the DN data relating to 1,74,000 dematerialised equity shares between the records maintained by its RTA and the records of NSDL and CDSL.

The Company undertook a detailed reconciliation exercise and obtained the requisite DNR details in respect of the said dematerialised equity shares. The reconciled DNR details were shared with the RTA for updating its records and for carrying out the necessary updation and reconciliation with NSDL and CDSL.

Accordingly, at its meeting held on June 27, 2026, the Board authorised M/s. Purva Sharegistry (India) Private Limited, the RTA of the Company, to undertake the necessary DN

Database compliance in respect of the aforesaid 1,74,000 dematerialised equity shares, update its records based on the reconciled DNR details and coordinate with NSDL, CDSL and other concerned authorities for completion of the requisite formalities.

The Company continues to undertake the necessary measures to ensure proper reconciliation and alignment of its records with those maintained by the depositories and to complete the requisite compliance.

15. PENALTY BY SEBI/ DELISTING BY BSE :

BSE had served Initial Public Notice through national dailies in June 2023 proposing to delist the Company which was duly informed to the Members in last Annual Report. As on the date of this Report, the status quo continues and the Company has not received any final order of delisting from BSE. The Company is continuing to take appropriate steps and pursue the matter with the concerned authorities, as applicable. Company is sanguine that in view of the recent steps taken to demat the remaining capital towards revocation of suspension and relisting, the BSE may not persist in delisting co.s shares.

16 MEETINGS OF THE BOARD :

The Board meets at regular intervals to discuss and decide on Company / business policy and strategy apart from other Board business. The notice of Board meeting and agenda are circulated at least a week prior to the date of the meeting and includes detailed notes on the items to be discussed at the meeting to enable the Directors to take informed decisions. The Board met on eight (08) occasions during the financial year which are as follows:, 30.04.2025. 30.05.2025, 01.07.2025, 13.08.2025, 08.09.2025, 12.11.2025, 19.11.2025 and 13.02.2026

17 MEETINGS OF VARIOUS COMMITTEES OF THE BOARD :

Your Board has constituted the following Committees : a) Audit Committee, b) Nomination and Remuneration Committee, and c) Stakeholders Relationship Committee.

Brief details of all the Committees along with their charters, composition and functioning are provided in the "Report on Corporate Governance", at part C of Ann II of this Annual Report. The Committees held following meetings during the year:

Name of the Committee	Dates of the Meetings :
Audit Committee	30th May 2025, 13th August 2025, 8th
	September 2025, 12th November
	2025 and 13th February. 2026.
Nomination and Remuneration Committee	22nd April, 2025
Stakeholders Relationship Committee	5th September 2025

18. DIRECTORS RESPONSIBILITY STATEMENT PURSUANT TO SECTION 134 (3) (C ) OF THE CO.S ACT2013.

The Directors state that :

a. In the preparation of Annual Accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures, if any,

b. Appropriate accounting policies have been selected and applied consistently and the judgment and estimates made by them 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 financial year and of the Profit or Loss of the Company for the year,

c. Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities,

d. The annual accounts have been prepared on a going concern basis,

e. The Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively,

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.

19. FRAUD REPORTING :

No frauds have been reported by the Auditors u/s 143(12) of Companies Act, 2013.

20. BOARD INDEPENDENCE AND DECLARATION BY INDEPENDENT DIRECTORS :

The new Independent Directors of the Company, namely Mr. Chirag Kantilal Patel (DIN: 10682219) and Ms. Shamika Prashant Masurkar (DIN: 11078122), who were appointed on the 30^th April 2025, have furnished declarations confirming that they meet the criteria of independence as prescribed under Section 149(6) of the Companies Act, 2013 ("Act"), read with the applicable rules made thereunder. They have also confirmed that they meet the requirements of an "Independent Director" as stipulated under Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations").

The Independent Directors have further confirmed that they are not aware of any circumstance or situation which exists or may reasonably be anticipated to exist that could impair or impact their ability to discharge their duties with an objective and independent judgement.

Further, the Independent Directors have affirmed that they have adhered to and complied with the Code of Conduct for Independent Directors formulated by the Company in accordance with the provisions of Schedule IV to the Act.

The composition of the Board of Directors of the Company is in compliance with the applicable provisions of Section 149 of the Act and Regulation 17 of the SEBI Listing Regulations, with an appropriate combination of Executive, Non-Executive and Independent Directors. The detailed composition of the Board, together with the other relevant particulars of the Directors, is provided in the Corporate Governance Report forming part of the Annual Report.Please also refer to paragraph 7 of the Board Report for details.

The Board is of the opinion that the Independent Directors of the Company possess the requisite qualifications, experience, expertise and proficiency, as applicable, and hold the highest standards of integrity and professional competence required to effectively discharge their duties and responsibilities as Independent Directors.

The Board places on record its appreciation for the valuable guidance and contribution of the Independent Directors towards the governance and affairs of the Company..

21. COMPANYS POLICY RELATING TO DIRECTORS APPOINTMENT, REMUNERATION AND EVALUATION CRITERIA:

The Co.s has formulated a Policy for Directors appointment, remuneration including criteria for determining qualifications, positive attributes, independence of a Director and other matters provided under Section 178(3) of the Companies Act 2013. The Nomination and Remuneration committee is entrusted with the task of identifying, selection and recommending to the Board as regards tenure, terms, remuneration etc. It is detailed in Corporate Governance Report. No remuneration is paid to any Director other than Managing Director and CFO.

22. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186 :

The Company had not extended any loans, made any investments or given guarantees or provided any security for loans extended to third parties covered by the provisions of sub- section (2) of Section 186 of the Companies Act, 2013.

23. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

There were no related party transactions within the meaning of Section 188(1) of the Companies Act 2013, during the year. Hence there are no particulars to report in form AOC-2.

24. RELATED PARTY TRANSACTIONS

During the financial year ended March 31, 2026, the Company has not entered into any contracts, arrangements or transactions with related parties as defined under Section 188 of the Companies Act, 2013 read with applicable rules and Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Accordingly, the requirement of disclosure in Form AOC-2 does not arise for the year under review.

The Company has in place a duly approved Policy on Related Party Transactions, which is in line with the requirements of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. The said Policy is available on the Companys website at the following link: http://www.ohminditalia.com/pdf/policies/RPT_Policy.pdf

The Audit Committee periodically reviews the framework and confirms that the Company has a proper mechanism in place for dealing with related party transactions, even though no such transactions were undertaken during the year under review.

25. TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND :

There are no dividends lying unpaid or unclaimed for a period of seven years which are required to be transferred to Investor Education and Protection Fund (IEPF).

26. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION ANDFOREGIN

EXCHANGE EARNING AND OUTGO:

a) Conservation of energy	The Co.s business is not energy intensive.
b) Technology absorption	The Co.s business is not technology intensive.
c) Foreign exchange earnings and outgo.	NIL
	The Company had no transactions involving foreign currency during the year.

27. RISK MANAGEMENT POLICY:

During the financial year under review, the Company did not undertake any significant business or operational activities. The principal objects and proposed business activities of the Company include distribution of biotechnology products such as diagnostic tests, antigens, antibodies, reagents, peptides, enzymes, toxins, resins, unusual amino acids and other products relating to the medical and pharmaceutical industry, as well as leasing of refrigerated containers.

The Company has formulated and implemented a Risk Management Policy and framework for identification, assessment, monitoring and mitigation of various risks that may affect the Companys operations, financial position or achievement of its objectives. The Risk Management

Policy provides for identification of key risks, assessment of their potential impact, monitoring of risk exposure and implementation of appropriate mitigation measures.

The Risk Management Policy and the risk management framework are periodically reviewed by the Audit Committee and the Board of Directors, as appropriate, to ensure that the same remain aligned with the Companys business profile and applicable regulatory requirements. Appropriate risk mitigation measures have been identified and incorporated in the Risk Management Policy.

The Company has also put in place an internal control framework commensurate with the nature, size and complexity of its operations and proposed business activities. The internal control systems are subject to periodic review and evaluation by the Management and are also tested by the Statutory Auditors and, where applicable, the Internal Auditors.

Significant observations arising from audits, together with the status of corrective and follow-up actions, are placed before the Audit Committee and the Board of Directors, as appropriate, for their review and oversight.

28. COMPANYS POLICY ON ITS CORPORATE SOCIAL RESPONSIBILITY :

The provisions of Section 135 of the Companies Act 2013, relating to Corporate Social Responsibility are not applicable to the company.

29. ^{MANNER OF FORMAL ANNUAL EVALUATION POLICY FOR BOARD, ITS} COMMITTEES AND INDIVIDUAL DIRECTORS :

The evaluation framework for assessing the performance of Directors comprises of the following key areas:

i) Attendance of Board Meetings and Board Committee Meetings

ii) Quality of contribution to Board deliberations

iii) Strategic perspectives or inputs regarding future growth of Company and its performance

iv) Providing perspectives and feedback going beyond information provided by the management

v) Commitment to shareholder and other stakeholder interests. The process involves self-evaluation by the Board Member and subsequent assessment by the Board of Directors. A member of the Board is not allowed to participate in the discussion of his / her evaluation.

30. INTERNAL FINANCIAL CONTROL SYSTEMS AND ITS ADEQUACY:

The Board has adopted accounting policies which are in line with Section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015.

The Company has put in place adequate internal controls with reference to accuracy and completeness of the accounting records and timely preparation of reliable financial information, commensurate with the size, scale and complexity of operations and ensures compliance with various policies and statutes in keeping with the organisations pace of growth, increasing complexity of operations, prevention and detection of frauds and errors. The design and effectiveness of key controls were tested and no material weaknesses were observed.

31. DEPOSITS :

The Company has neither accepted nor renewed any deposits during the year.

32. VIGIL MECHANISM :

The Company has established a vigil mechanism for Directors and employees to report their genuine concerns. The Company has also provided adequate safeguards against victimization of employees and Directors who express their concerns. The Company has also provided direct access to the Chairman of the Audit Committee on reporting issues concerning the interests of co employees and the Company.

33. DISCLOSURE UNDER REGULATION 34 (3):

The disclosures required to be made under regulation 34(3) of LODR, 2015 [Schedule V] forms part of this report as Annexure II.

34. COMPANIES WHICH HAVE BECOME OR CEASED TO BE SUBSIDIARY, JOINT

VENTURE AND ASSOCIATE COMPANIES AND THEIR PERFORMANCE :

There are no subsidiary companies as on March 31, 2026 within the meaning of Section 2(87) of the Companies Act, 2013 and there is no associate or joint Venture Company within the meaning of Section 2(6) of the Companies Act, 2013 ("Act") as on March 31, 2026.

35. MANAGEMENTS DISCUSSION AND ANALYSIS REPORT :

The Managements Discussion and Analysis Report for the year under review, stipulated under LODR, 2015 forms Para B of Annexure II to the report.

36. SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS:

During the financial year under review, no orders were passed by any regulatory authority, court or tribunal.

37. DETAILS OF DIRECTORS AND EMPLOYEES SALARIES UNDER SEC.197(12) OF THE ACT :

The details prescribed under Sec.197(12) and Rule 5(1) of the Co.s (Appt. and Remuneration of Managerial Personnel) Rules are given in "Annexure III.

38. CEO & CFO CERTIFICATION :

Ms. Sujata Mital, Managing Director DIN 01826116 and Mr. Navin Sheth, Director & CFO DIN No.02501231, have provided the Certificate pursuant to provisions of Regulation 17(8) of the LODR 2015, to the Board which met on 30^th May 2026, for considering the financial statements of the Co. relating to financial year ended 31^st March, 2026 and is appended at Annexure IV.

39. DISCLOSURE UNDER SEC. 22 OF THE SEXUAL HARASSMENT OF WOMEN

AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013 :

Since the company does not have more than 10 employees the provisions relating to constitution of an Internal Complaints Committee etc. under the above Act are not applicable to the Company.

40. COMPLIANCE WITH SECRETARIAL STANDARDS:

During the year under review, the Company has complied with the standards laid as down in SS-1 and SS-2.

41. WEB-LINKS TO KEY DOCUMENTS AND POLICIES -

Pursuant to the provisions of the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015, the following documents/policies are available on the website of the Company at www.ohminditalia.com:

Annual Return as required under Section 92(3) of the Companies Act, 2013 http://www.ohminditalia.com/pdf/annual_report/Annual_Report_31st_March_2026.pdf

Pursuant to the provisions of the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015, the following documents/policies are available on the website of the Company at

Annual Report for the Financial Year 2025 26 http://www.ohminditalia.com/pdf/annual_report/Annual_Report_31st_March_2026.pdf

Policy on Related Party Transactions (RPT) Policy/Vigil Mechanism / Whistle Blower Policy https://www.ohminditalia.com/pdf/policy/vigill_mechanism.pdf

Nomination and Remuneration Policy -www.ohminditalia.com

42. ACKNOWLEDGEMENTS:

The Board of Directors thanks the Investors for their patience and faith shown by them during the period of extreme hardship for the Company.

	For and on behalf of the Board
	Sd/-	Sd/-
Place : Mumbai	Managing Director	Director and CFO
Date : 04/09/2026	DIN 01826116	DIN 02501231