Innomet Advanced Materials Ltd Directors Report

Dear Members,

Our Directors have the pleasure of presenting the 6 th Directors Report together with the Audited Financial Statements of your Company for the financial Year ended March 31, 2025.

1. FINANCIAL SUMMARY

The Companys financial performance for the financial year ended March 31, 2025:

(Rs in Lakhs)

Particulars	For the Year ended March 31
	2025	2024
Revenue from Operations	3,252.48	2 ,489.58
Profit Before Tax	260.75	326.34
Less: Current Tax	74.98	74.44
Deferred Tax	(0.76)	-
Income Tax earlier years	-	-
Profit for the Year before Minority Interest	-	-
Minority Interest	-	-
Profit for the Year	186.53	251.91

2. BUSINESS PERFORMANCE

Our Company has achieved a total revenue of ^ 3,252.48 Lakhs during the financial year ended 31 March 2025 as against a total revenue of ^ 2 ,489.58 Lakhs in the corresponding previous financial year ended 31 March 2024. Profit before tax for the year stood at ^ 260.75 Lakhs compared to ^ 326.34 Lakhs for the previous corresponding year. The Profit after tax for the period stood at ^ 186.53 Lakhs as against a profit of ^ 251.91 Lakhs during the corresponding year.

3. RESERVE & SURPLUS

The Board of Directors have decided to retain the entire amount of profit under Retained Earnings.

4. CHANGE IN THE NATURE OF BUSINESS

The Company did not commence any new business nor discontinue/sell or dispose off any of its existing businesses and also did not hive off any segment or division during the financial year. Also, there has been no change in the nature of business carried on by the Companys subsidiary during the year under review.

5. MATERIAL CHANGES AFFECTING THE FINANCIAL POSITION OF THE COMPANY

There have been no material changes and commitments affecting the financial position of the Company, which have occurred between the end of the financial year and up to the date of the report.

6. DIVIDEND

To conserve the resources for future growth of the company, your directors do not propose any dividend for the current year. Your Companys policy on Dividend Distribution is available at

https://www.innomet.net/images/Dividend%20Distribution%20Policy.pdf

7. SHARE CAPITAL OF THE COMPANY

A. AUTHORIZED SHARE CAPITAL

The authorized share capital of the Company as on 31 March, 2025 was ^ 14,00,00,000 (Rupees Fourteen Crores Only) divided into 1,40,00,000 (One Crore Forty Lakh) Equity Shares of ^ 10/- (Rupees Ten only) each.

B. PAID-UP SHARE CAPITAL

The paid-up Equity share capital of the Company as on 31 March, 2025 was ^ 12,94,01,380 (Rupees Twelve Crores Ninety-Four Lakhs One Thousand Three Hundred and Eighty) divided into 12,94,01,38 (One Crore Twenty-Nine Lakhs Forty Thousand One Hundred and Thirty-Eight) equity shares of ^ 10/- (Rupees Ten Only) each.

INITIAL PUBLIC OFFER (IPO) AND LISTING OF EQUITY SHARES

During the year under review, the Company conducted its Initial Public Offering (IPO) of 34,23,600 Equity Shares, each with a face value of ^ 10/- in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The shares were offered at a price of ^ 100/- per share, including a premium of ^ 90/- per share.

The IPO was open for subscription from September 11, 2024, to September 13, 2024. The shares were allotted to applicants on September 16, 2024, at the offer price of ^ 100/- per share. The Companys equity shares began trading on the SME Platform (EMERGE) of the National Stock Exchange of India Limited (NSE) from September 18, 2024.

The Company, vide its Prospectus dated September 02, 2024 (Prospectus) raised ^ 3423.60 lakhs from the Initial Public Offer of its equity shares (the IPO).

Out of the total IPO proceeds of ^3,423.60 lakhs raised, an amount of ^366.55 lakhs remained unutilised during the financial year 2024-25. This amount was held in the Escrow Account maintained by the Company for the purposes specified in the Prospectus dated September 2, 2024.

8. CHANGE IN NAME OF THE COMPANY

During the year under review, Company has not changed the Name.

9. CHANGE IN REGISTERED OFFICE

During the year under review, the Company has not changed its Registered Office.

10. DIRECTORS AND KEY MANAGERIAL PERSONNEL

The Board of Directors of the Company as on 31 March 2025 comprised of Six (6) Directors out of which Three (3) are Executive Directors and one (3) is Non-Executive Director and Three (3) are Independent Directors. The composition of the Board of Directors of the Company is in accordance with the provisions of Section 149 of the Companies Act, 2013 and Regulation 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with an appropriate combination of Executive, Non-Executive and Independent Directors.

The Directors and Key Managerial Personnel of the Company are summarized below:

Sr. No.	Name of Directors/KMPs	Designation	DIN/PAN
1	Vinay Choudary Chilakapati	Chairman, Managing Director and Chief Executive Officer	08444644
2	Lakshmi Kanthamma Chilakapati	Executive Director	08432016
3	Saritha Devi Chilakapati	Whole-time director and Chief Financial Officer	08432017
4	Bhanu Sankara Rao Kota	Non- Executive Independent Director	03507808
5	Myneni Narayana Rao	Non- Executive Independent Director	00577494
6	Venkata Bhaskara Rao Chadalavada	Non- Executive Director	00931901
7	Aanchal Sethia	Company Secretary	GDGPS6620M

11. DECLARATION BY INDEPENDENT DIRECTORS

Directors who are Independent, have submitted a declaration as required under Section 149(7) of the Act that each of them meets the criteria of Independence as provided in Sub Section (6) of Section 149 of the Act and under Regulation 16 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time and there has been no change in the circumstances which may affect their status as independent Director during the year. In the opinion of the Board, the Independent Directors possess an appropriate balance of skills, experience and knowledge, as required.

Further, in terms of Section 150 of the Companies Act, 2013 read with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014, Independent Directors of the Company have confirmed that they have registered themselves with the databank maintained by the Indian Institute of Corporate Affairs (IICA).

12. DETAILS OF MEETINGS OF BOARD OF DIRECTORS

A. BOARD OF DIRECTORS

During the financial year 2024-25, 12 (Twelve) meetings of the Board of Directors were held and the details of meetings attended by the Directors are as follows:

Sr. No.	Date of Meeting	Number of Directors Present
1	April 3, 2024	6
2	May 10, 2024	6
3	May 20, 2024	6
4	July 8, 2024	6
5	August 10, 2024	6
6	August 26, 2024	6
7	September 2, 2024	6
8	September 6, 2024	6
9	September 13, 2024	6
10	October 16, 2024	6
11	November 12, 2024	6
12	January 09, 2025	6
13	March 24, 2025	6

B. Audit Committee of Board of Directors

As a measure of good Corporate Governance and to provide assistance to the Board of Directors in overseeing the Boards responsibilities, an Audit Committee was formed as a sub-committee of the Board. The Committee is in line with the requirements of Section 177 of the Companies Act, 2013 and Regulation 18 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The terms of reference of the Audit Committee covers all matters specified in Part C of Schedule II of Regulation 18 (3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and also those specified in Section 177 of the Companies Act, 2013.

The detailed composition of the members of the Audit Committee at present is given below:

Name	Nature of Directorship	Status in Committee
C.V. Bhaskara Rao	Non-Executive Independent Director	Chairman
Myneni Narayana Rao	Non-Executive Independent Director	Member
Bhanu Sankara Rao Kota	Non-Executive Independent Director	Member
Vinay Choudary Chilakapati	Managing Director & CEO	Member

All the members possess sound accounting and financial management knowledge.

During the period under review, total 6 (Six) Audit Committee Meetings were held: 03/04/2024, 10/08/2024, 26/08/2024, 16/10,2024, 12/11/2024 and 10/02/2025

Attendance for Audit Committee Meeting:

Sr. No. Name of Committee Member	No. of Meeting
	Held	Attended
1. C.V. Bhaskara Rao	6	6
2. Bhanu Sankara Rao Kota	6	6
3. Myneni Narayana Rao	6	6
4. Saritha Devi Chilakapati	6	6

C. NOMINATION & REMUNERATION COMMITTEE

In compliance with Regulation 19 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Section 178 of the Companies Act, 2013, the Board has constituted the Nomination and Remuneration Committee.

The detailed composition of the members of the Nomination and Remuneration Committee at present is given below:

Name	Nature of Directorship	Status in Committee
C.V. Bhaskara Rao	Non-Executive Independent Director	Chairman
Myneni Narayana Rao	Non-Executive Independent Director	Member
Bhanu Sankara Rao Kota	Non-Executive Independent Director	Member

During the period under review, total 4 (Four) Nomination and Remuneration Committee Meetings were held: 03/04/2024, 10/08/2024, 16/10,2024 and 24/03/2025

Attendance of Nomination & Remuneration Committee Meeting:

Sr. No.	Name of Committee Member	No. of Meeting
		Held	Attended
1.	Bhanu Sankara Rao Kota	4	4
2.	Myneni Narayana Rao	4	4
3.	C.V. Bhaskara Rao	4	4

D. STAKEHOLDER RELATIONSHIP COMMITTEE

In compliance with the provisions of Section 178 of the Companies Act, 2013 and Regulation 20 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board has constituted the Stakeholders Relationship Committee.

The Stakeholders Relationship Committee has been formed for the effective redressal of the investors complaints and reporting of the same to the Board periodically.

The detailed composition of the members of the Stakeholders Relationship Committee at present is given below:

Name	Nature of Directorship	Status in Committee
C.V. Bhaskara Rao	Non-Executive Independent Director	Chairman
Myneni Narayana Rao	Non-Executive Independent Director	Member
Bhanu Sankara Rao Kota	Non-Executive Independent Director	Member

During the period under review, total 4 (Four) Stakeholders Relationship Committee Meetings were held: 03/04/2024, 08/07/2024, 22/11/2024 and 10/01/2025

Attendance of Stakeholder Relationship Committee Meeting:

Sr. No.	Name of Committee Member	No. of Meeting
		Held	Attended
1.	Bhanu Sankara Rao Kota	4	4
2.	Myneni Narayana Rao	4	4
3.	C.V. Bhaskara Rao	4	4

E. CORPORATE SOCIAL RESPONSIBILITY COMMITTEE

In compliance with the provisions of Section 135 of the Companies Act, 2013, the Board of Directors is managing the CSR spend as the same has not exceeded the threshold limit of INR 50 lakhs. The Company is in compliance with Sec.135(9) of the Companies Act, 2013.

13. EVALUATION OF BOARD

Pursuant to the provisions of the Companies Act, 2013 and Regulation 17 read with Part D of Schedule II to the Listing Regulations, the Management carried out proper evaluation of the Independent Directors prior to their appointment, on the basis of contribution towards development of the Business and various other criteria like experience and expertise, performance of specific duties and obligations etc.

Pursuant to the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has carried out an annual evaluation of its own performance and that of its committees as well as performance of Directors individually through internally developed questionnaire on performance evaluation.

The Nomination and Remuneration Committee reviewed the performance of the individual directors on the basis of criteria such as the contribution of the individual director to the Board and committee meetings.

The performance evaluation of Non-Independent Directors and the Board as a whole was carried out by the Independent Directors. The performance evaluation of the Non-Executive Chairman of the Company was also carried out by the Independent Directors. The Directors expressed their satisfaction with the evaluation process.

VIGIL MECHANISM

Your Company has formulated and published a Whistle Blower Policy to provide a mechanism (Vigil Mechanism) for employees including Directors of the Company to report genuine concerns. The provisions of this policy are in line with the provisions of Section 177 (9) of the Act.

The Whistle Blower Policy (Vigil Mechanism) is uploaded on the Company web link:

https://www.innomet.net/images/Whistle%20Blower%20Policy%20and%20Vigil%20Mechanism.pdf

14. COMPANYS POLICY RELATING TO DIRECTORS APPOINTMENT, PAYMENT OF REMUNERATION AND DISCHARGE OF THEIR DUTIES

Your Company has formulated and published The Nomination & Remuneration Policy for Directors, Key Managerial Personnel and Senior Management. The provisions of this policy are in line with the provisions of Section 178(1) of the Act. The Policy is uploaded on the website of the company. The web link is

https://www.innomet.net/images/Nomination%20and%20Remuneration%20Policy.pdf

15. DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to the requirements under Section 134, Sub-section 3(c) and Sub-section 5 of the Companies Act, 2013, the Board of Directors, to the best of their knowledge and ability, state and confirm that:

(a) In preparation of the annual accounts, the applicable Accounting Standards have been followed, along with proper explanation relating to material departures, if any;

(b) Such Accounting Policies have been selected and applied consistently, and judgements and estimates have been made that are reasonable and prudent to give a true and fair view of the Companys state of affairs as on 31 March, 2025 and of the Companys profit or loss for the year ended on that date;

(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 Financial Statements have been prepared on a Going Concern Basis.

(e) Internal financial controls have been laid down to be followed by the Company and that such internal financial controls were adequate and operating effectively.

(f) Proper systems were devised to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

16. ADEQUACY OF INTERNAL FINANCIAL CONTROLS

The Company has in place adequate internal financial controls with reference to financial statement across the organization. The same is subject to review periodically by the internal auditors for its effectiveness. During the financial year, such controls were tested and no reportable material weaknesses in the design or operations were observed. The Statutory Auditors of the Company also test the effectiveness of Internal Financial Controls in accordance with the requisite standards prescribed by ICAI. Their expressed opinion forms part of the Independent Auditors report.

Internal Financial Controls are an integrated part of the risk management process, addressing financial and financial reporting risks. The internal financial controls have been documented, digitized and embedded in the business processes.

Assurance on the effectiveness of internal financial controls is obtained through management reviews, control self-assessment, continuous monitoring by functional experts. We believe that these systems provide reasonable assurance that our internal financial controls are designed effectively and operate as intended. During the year, no reportable material weakness was observed.

17. SUBSIDIARY, JOINT VENTURE AND ASSOCIATE COMPANY

The Company does not have any Holding, Subsidiary, Joint Venture or Associate Company.

18. SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS

During the year, no significant and material orders were passed by the regulators or courts or tribunals impacting the going concern status and companys operations in the future.

19. EXTRACT OF ANNUAL RETURN

The Annual return referred to in Sub Section (3) of Section 92 of the Companies Act, 2013, for the financial year ended March 31, 2025 will be placed on the website of the company at https://www.innomet.net/investor-relations.html.

20. AUDITORS AND AUDITORS REPORT

A. STATUTORY AUDITOR

M/s. CND & Associates, Chartered Accountants, having (FRN: 030019N) were appointed as Statutory Auditors of the Company in the Annual General Meeting held on September 14, 2024 for the period of 5 years (F.Y. 2024-25 to FY 2028-29) to hold the office till the conclusion of 9 th Annual General Meeting.

B. SECRETARIAL AUDITOR

Pursuant to Section 204(1) of the Companies Act, 2013 the Company is required to obtain Secretarial Audit Report from Practising Company Secretary and annex the same to the Board Report. Accordingly, the Board has appointed M/s. Pitroda Nayan & Co, Practising Company Secretaries to conduct the Secretarial audit of the Company for F.Y. 2024-25.

Furthermore, pursuant to Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 24A concerning Secretarial Auditor and Secretarial Compliance Report is not applicable to companies listed on the SME Exchange. Consequently, the Company is not required to take approval of shareholders at the said Annual General Meeting.

However, The Audit Committee and the Board would consider the appointment of Secretarial auditor for FY 2025-26 in due course and the same would be intimated accordingly.

C. INTERNAL AUDITOR

M/s. Hemant K Company, Chartered Accountant, is appointed as Internal Auditor of the Company for F.Y. 2024-25. They are responsible for the internal audit and controls, systems and processes in the Company.

AUDITORS REPORT AND SECRETERIAL AUDITORS REPORT

Auditors Report

The Auditors Report for the Financial Year ended 31 March 2025 does not contain any qualification, reservation, adverse remark, or disclaimer. The Notes on financial statements referred to in the Auditors Report are self-explanatory and do not call for any further comments. No fraud has been reported by the Auditor under Section 143(12) of the Companies Act, 2013 requiring disclosure in the Boards Report.

Secretarial Auditors Report

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company had appointed M/s. Pitroda Nayan & Co, Practicing Company Secretaries, Ahmedabad to undertake the Secretarial Audit of the Company for the financial year 2024-25. The Report of the Secretarial Audit is Annexure A to the report.

21. CORPORATE SOCIAL RESPONSIBILITY POLICY

The Company is not covered under purview of the provisions of Section 135 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014 and hence the details in respect of development and implementation of CSR by the Company are not included in this report. The Company has adopted its Corporate Social Responsibility Policy (the CSR Policy) in line with the provisions of the Act. The CSR Policy deals with objectives, scope/areas of CSR activities, implementation and monitoring of CSR activities, CSR budget, reporting, disclosures etc. The policy on Corporate Social Responsibility is uploaded on the website of the Company.

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

Particulars of loans and investments made by the Company pursuant to Section 186 of the Companies Act, 2013 are given in the notes to Financial Accounts, which forms part of the Annual Report. The Company has not extended the corporate guarantee on behalf of any other Company during the year under review.

23. PUBLIC DEPOSIT

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

24. RISK MANAGEMENT POLICY

The Board of Directors of the Company have framed a Risk Assessment and Management Policy and are responsible for reviewing the risk management plan and ensuring its effectiveness. The Audit Committee exercises additional oversight in the area of financial risks and controls. Major risks identified by the businesses and functions are systematically addressed through mitigating actions on a continuing basis.

25. RELATED PARTIES TRANSACTIONS

All related party transactions that were entered into during the financial year were on an arms length basis and were in the ordinary course of business. There are no materially significant related party transactions made by the company with related parties which may have potential conflict with the interest of the company at large. Your directors draw your attention to notes to the financial statements for detailed related parties transactions entered during the year.

Accordingly, as per third proviso to Section 188(1) of the Act, required approvals of the Board or Members / Shareholders has been obtained for such transactions. However, as part of good corporate governance, all related party transactions covered under Section 188 of the Act are approved by the Audit committee and Board of directors.

The form AOC- 2 is attached as Annexure - B with this report.

26. INSIDER TRADING REGULATIONS AND CODE OF DISCLOSURE

The Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information and Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of Trading by Insiders in accordance with the requirements of the SEBI (Prohibition of Insider Trading) Regulation, 2015 and in view of recent amendments to the SEBI (Prohibition of Insider Trading) 2015 by SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018, the Policy on Determination of Legitimate purpose and the Policy on inquiry in case of leak or suspected leak of UPSI are adopted by the Company and are made available on the Website of the Company.

Weblink: https://www.innomet.net/investor-relations.html

27. MANAGEMENTS DISCUSSION AND ANALYSIS

The Management Discussion and Analysis Report for the year under review, as stipulated under Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 forms part of this Report.

28. CORPORATE GOVERNANCE REPORT

As per regulation 15(2) of the Listing Regulation, the Compliance with the Corporate Governance provisions shall not apply in respect of the following class of the Companies:

a. Listed entity having paid up equity share capital not exceeding INR 10 Crore and Net worth not exceeding INR 25 Crore, as on the last day of the previous financial year;

b. Listed entity which has listed its specified securities on the SME Exchange.

Since, our Company falls in the ambit of aforesaid exemption (b); hence compliance with the provisions of Corporate Governance shall not apply to the Company and it does not form the part of the Annual Report for the financial year 2024-25.

29. GENERAL SHAREHOLDER INFORMATION

A	AGM: Day, Date, Time and Venue	Saturday, September 20, 2025, at 03:00 P.M through V.C
B	Financial Year	2024-25
C	Cut-off date for the purpose of determining shareholders for voting	September 15, 2025
D	Listing on Stock Exchanges	NSE-Emerge
E	Scrip Code/Symbol	INNOMET
F	ISIN	INE0S1D01010
G	Payment of Listing Fees	The Company confirms that it has paid Annual Listing fees due to the stock exchange for the financial year 2024-2025
H	Market Price Data (High, Low during each month in last financial year 2024-25)	*Refer Table below
I	Registrar and Share Transfer Agents	Skyline Financial Services Private limited

*MARKET PRICE DATA

Month	High	Low
September 2024	257.00	190.00
October 2024	239.95	175.05
November 2024	212.00	170.00
December 2024	204.25	169.50
January 2025	185.00	150.00
February 2025	180.00	140.65
March 2025	165.00	100.00

30. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

In order to prevent sexual harassment of women at work place a new act The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 has been notified on 9th December 2013. Under the said Act every company is required to set up an Internal Complaints Committee to look into complaints relating to sexual harassment at workplace of any women employee.

The Company is committed to provide a safe and conducive work environment to its employees during the year under review. The Company has adopted a policy for prevention of Sexual Harassment of Women at workplace and has set up Committee for implementation of said policy. During the year Company has not received any complaint of harassment. Policy on Prevention of Sexual Harassment has been available on the website of the Company at https://www.innomet.net/images/Prevention%20of%20Sexual%20Harassment%20Policy.pdf

Sr. No.	Particulars	No. of Complaints
1	Number of Complaints of Sexual Harassment received in the Year	0
2	Number of Complaints disposed off during the Year	0
3	Number of Cases pending for more than Ninety days	0

31. COMPLIANCE OF THE PROVISIONS RELATING TO THE MATERIALITY BENEFIT ACT, 1961:

The Board of Directors recognizes the importance of maternity benefits in fostering a supportive and inclusive workplace. In accordance with the provisions of the Maternity Benefit Act, 1961, and the companys commitment to employee welfare, we continue to ensure that all eligible female employees receive maternity benefits as prescribed under the law.

32. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREGIN EXCHANGE EARNING AND OUTGO

A. Conservation of Energy

a) Green Initiatives

• Steps taken or impact on conservation of energy: Nil

• Steps taken for utilising alternate sources of energy: The Company has placed an order for a 280 KW rooftop solar power plant to harness renewable energy.

• Capital investment on energy conservation equipment: Approximately ^25 lakhs.

b) Environmental Sustainability Measures

1. Over 100 varieties of diverse plants have been planted within the factory premises to enhance biodiversity and promote a green environment.

2. A Bio Sewage Treatment Plant (STP) with a capacity of 5,000 litres per day has been installed. The treated water is reused for irrigation of the plantation.

3. A rainwater harvesting system with a storage capacity of 5 lakh litres has been constructed. The harvested water is filtered and stored for reuse, meeting approximately two-thirds of the Companys annual water consumption.

4. The factory shed has been architecturally designed to maximise natural daylight and airflow, significantly reducing the need for artificial lighting. LED lighting is used during nighttime operations.

5. A scrubber system has been installed to prevent the release of atmospheric contaminants, ensuring compliance with environmental standards.

6. The facility operates as a Net Zero Discharge Plant, with no untreated waste released into the environment.

B. Technology Absorption

• Efforts made towards technology absorption: Initiatives have been undertaken to automate and improve processes in the Metal Powder division.

• Benefits derived: Enhanced process reliability, cost reduction, development of new products, and successful substitution of imports through domestic production. Products have also been exported.

• Technology imported in the last three years: Nil

• Expenditure incurred on Research and Development: Approximately ^5 lakhs.

C. Foreign Exchange Earnings and Outgo

a) The Foreign Exchange earned in terms of actual inflows during the year and the Foreign Exchange outgo during the year in terms of actual outflows

R in Lakhs)

Particulars	2024-25	2023-24
Total Foreign Exchange earned	316.96	213.86
Total Foreign Exchange Outgo	17.10	9.06

33. PARTICULARS OF EMPLOYEES

Pursuant to Section 197 of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 the particulars of employees are attached as Annexure C forming part of this Report.

The information required under Rule 5(2) and (3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is provided in the Annexure forming part of this Report. In terms of the proviso to Section 136 of the Act, the Report and Accounts are being sent to the Members excluding the aforesaid.

34. TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND

The Company did not have any funds lying unpaid or unclaimed for a period of seven year. Therefore, there were no funds which were required to be transferred to Investor Education and Protection Fund (IEPF).

35. COMPLIANCE WITH SECRETARIAL STANDARDS

The Company has complied with the applicable Secretarial Standards issued by the Institute of Company Secretaries of India on the Board Meetings and General Meeting.

36. DISCLOSERS UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016

There are no applications made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year along with their status as at the end of the financial year.

37. AUDIT TRAIL APPLICABILITY (AUDIT AND AUDITORS) RULES 2014 - RULE 11 OF THE COMPANIES ACT 2013

The Company has used accounting software for maintaining its books of account for the financial year ended March 31, 2025, which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software.

38. SIGNIFICANT AND MATERIAL LITIGATIONS AND ORDER

During the year, there were no significant and material orders passed by the Regulators / Courts which would impact the going concern status of the Company and its future operations

39. DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THERE OF

As Company has not done any one-time settlement during the year under review hence no disclosure is required.

40. ACKNOWLEDGEMENTS

The Directors wish to place on record their sincere appreciation for excellent support received from the Banks and financial institutions during the financial year under review. Your directors also express their warm appreciation to all employees for their contribution to your Companys performance and for their superior levels of competence, dedication and commitment to the growth of the Company. The Directors are also grateful to you, the Shareholders, for the confidence you continue to repose in the Company.

By Order of the Board of Directors of Innomet Advanced Materials Limited
Sd/-
Vinay Choudhary Chilakapati	Sd/-
Chairman, Managing Director and	Saritha Devi Chilakapati
CEO	Whole-time Director and CFO
DIN:08444644	DIN: 08432017