Innovative Ideals and Services India Ltd Directors Report

To,

The Members,

Your Directors are pleased to present the 26^th Annual Report on the business and operations of the Company for the financial year ended 31^st March, 2026.

1. FINANCIAL PEFORMANCE:

The Audited Financial Statements of your Company as on 31^st March, 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 highlights are depicted below:

		(Amount in Lakhs)
	Year ended 31.03.2026	Year ended 31.03.2025
Revenue from Operations	54.29	322.34
Other Income	-	50.89
Total Income	54.29	373.23
Total Expenses	920.59	237.94
Profit before tax (EBIDTA)	(934.56)	135.29
Taxation
- Current Tax	-	-
- Previous Tax	-	-
- Deferred Tax Asset	0.43	34.90
- MAT Credit Entitlement	-	-
Profit After Tax	(934.89)	100.39
Other Comprehensive Income (net of tax)
Total Comprehensive Income for the year	(934.89)	100.39

2. FINANCIAL HIGHLIGHTS:

During the year ended 31^st March 2026, Operational Revenue including other income was Rs. 54,29,000/- and Profit / (Loss) Before Tax was Rs. (9,34,56,000)/- v/s Rs. 3,73,23,000/- revenue in previous year while Net Profit / (Loss) for the financial year ended 31^st March, 2026 was Rs. 1,00,39,000/- v/s Rs. (9,34,89,000)/- in previous year.

Your Company has taken several remedial steps to meet the challenges viz. measures in saving cost at all front of operations, optimize use of available resources etc.

3. NATURE OF BUSINESS:

The Company is engaged in the business of providing security systems and dealing in mobile phones. There has been no change in the nature of the Companys business during the year under review.

4. DIVIDEND:

During the Financial year 2025-26, the company has not declared any dividend on Equity Shares.

5. TRANSFER TO RESERVE:

Net Loss after tax of Rs. (934.89)/- Lakhs is transferred in the Reserve and Surplus Account for the year under review.

6. DEPOSITS:

There were no outstanding deposits within the meaning of Section 73 and 74 of the Act read with rules made thereunder at the end of FY 2025-26 or the previous financial years. Your Company did not accept any deposit during the year under review.

7. SHARE CAPITAL:

Particulars	As at 31st March, 2026	As at 31st March, 2025
	Number of Shares	Amount	Number of Shares	Amount
Authorised Capital: Equity Shares of Rs 10/- each	2,50,00,000	25,00,00,000	2,50,00,000	25,00,00,000
Issued, Subscribed & Paid-Up Capital: Equity Shares of Rs 10/- each	1,13,80,169	11,38,01,690	1,13,80,169	11,38,01,690

8. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

The particulars of loans, guarantee and investments made during the year under review, are given in the notes forming part of the financial statements.

9. DETAILS OF SUBSIDIARY, JOINT VENTURE AND ASSOCIATE COMPANIES

During the year under review, the Company has no subsidiary, joint venture or associate companies.

10. DIRECTORS AND KEY MANAGERIAL PERSONNEL:

As on 31^st March, 2026, the Companys Board had five members comprising of Two Executive Directors including one Woman Director and Three Independent Directors. In terms of the requirement of the SEBI Listing Regulations, the Board has identified core skills, expertise, and competencies of the Directors in the context of your Companys business for effective functioning.

Appointment/ Re-Appointment /Cessation/ Change in Designation of Directors:

1. Re-appointment of Mr. Maqsood Dabir Shaikh as a Managing Director of the Company with effect from 02^nd September, 2025.

2. Re-appointment of Mrs. Tazyeen Maqsood Shaikh as a Whole Time Director of the Company with effect from 02^nd September, 2025.

Declaration from Independent Directors:

The Company has received declarations from all the Independent Directors of the Company 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 there has been no change in the circumstances which may affect their status as an Independent Director. The Independent Directors have also given declaration of compliance with Rules 6(1) and 6(2) of the Companies (Appointment and Qualification of Directors) Rules, 2014, with respect to their name appearing in the data bank of Independent Directors maintained by the Indian Institute of Corporate Affairs.

Key Managerial Personnel:

During the period under review, the following are Key Managerial Personnel ("KMPs") of the Company as per Sections 2(51) and 203 of the Act:

1. Mr. Maqsood Dabir Shaikh, Managing Director;

2. Mrs. Tazyeen Maqsood Shaikh, Whole-time director;

3. Ms. Anupama Parab, Chief Financial Officer;

4. Ms. Rimpy Ghosh, Company Secretary & Compliance officer.

11. NUMBER OF MEETINGS OF THE BOARD:

During the year under review, the Board met 4 (Four) times on 26^th May, 2025, 02^nd September, 2025, 14^th November, 2025 and 13^th February, 2026. In accordance with the provisions of the Companies Act, 2013 and rules made thereunder.

					No. of Directorships in listed Entities and Committee Memberships and Chairmanships (including the Company)	Number of shares held in the Company
Name of the Director	Category	No. of Board Meetings Attended	Last AGM Attend ed	Directorship	Committee
					Chairmanship	Membership
Mr. Maqsood Dabir Shaikh	Managing Director	4	Yes	1		1	758
Mr. Tazyeen Maqsood Shaikh	Whole time Director	4	Yes	1		2	15,376
Mr. Parvez Yunus Sayyed	Independent Director	4	Yes	1	1	1
Mr. Mayank Suresh Gala	Independent Director	4	Yes	1	1	2
Mr. Yash Shailesh Gajjar	Independent Director	4	Yes	1	1	2

12. COMMITTEES OF BOARD:

The Board Committees play a crucial role in the governance structure of our Company and have been constituted to deal with specific areas / activities as mandated by applicable regulations, concerning the Company and need a closer review. These Committees play an important role in the overall management of day today affairs and governance of the Company. The Committees

meet at regular intervals and take necessary steps to perform its duties entrusted by the Board. The Minutes of the Committee Meetings are placed before the Board for review and noting. During the year, all recommendations of the Committees of the Board have been accepted by the Board.

As on 31^st March 31, 2026, the Board has constituted the following Committees:

i. Audit Committee

The Audit Committee of the Board of Directors meets the criteria laid down under Section 177 of the Companies Act, 2013, read with regulation 18 of SEBI (Listing Obligation Disclosure Requirements) Regulation, 2015. The Audit Committee presently comprises of three directors. All the members of the Audit Committee have accounting and financial management knowledge. Mr. Parvez Yunus Sayyed is Chairperson of the Audit Committee.

During the year, the committee met 4 (Four) times i.e. 26^th May, 2025, 02^nd September, 2025, 14^th November, 2025 and 13^th February, 2026.

The Composition of the Audit Committee and the attendance of the members at the meeting held during the year are as follows:

Sr. No. Particulars	Designation	Category	No. of Meeting attended
1 Mr. Parvez Yunus Sayyed	Chairperson	Independent Director	4
2 Mr. Maqsood Dabir Shaikh	Member	Managing Director	4
3 Mr. Yash Shailesh Gajjar	Member	Independent Director	4

As on 31^st March, 2026 the Composition of Audit Committee is follow:

Sr. No. Particulars	Designation	Category
1 Mr. Parvez Yunus Sayyed	Chairperson	Independent Director
2 Mr. Maqsood Dabir Shaikh	Member	Managing Director
3 Mr. Yash Shailesh Gajjar	Member	Independent Director

The terms of reference to the Audit Committee inter alia includes:

• Oversight of Companys financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct, sufficient and credible.

• Recommend to the Board, the appointment, reappointment, remuneration and terms of appointment of auditors of the Company and, if required, their replacement or removal.

• Approve payment to statutory auditors for any other services rendered by them.

• Review, with the management, the quarterly and annual financial statements and auditors report thereon before submission to the Board for approval.

• Approve appointment of Chief Financial Officer after assessing the qualifications, experience and background, etc. of the candidate.

• Review and monitor the auditors independence, performance and effectiveness of audit process.

• Review the adequacy of internal audit function, including the structure of the internal audit department, if any, staffing and seniority of the official heading the department, reporting structure coverage and frequency of internal audit, etc.

ii. Nomination and Remuneration Committee (NRC):

The Nomination and Remuneration Committee of the Board of Directors meets the criteria laid down under Section 178 of the Companies Act, 2013 read with Regulation 19 of SEBI (Listing Obligation Disclosure Requirements) Regulation, 2015. The Nomination and Remuneration Committee presently comprises of three members. Mr. Yash Shailesh Gajjar is the Chairperson of the committee.

During the year, the committee met 1 (One) time i.e. 02^nd September, 2025.

The Composition of the Nomination and Remuneration Committee and the attendance of the members at the meeting held are as follows:

Sr. No. Particulars	Designation	Category	No. of Meeting attended
1 Mr. Yash Shailesh Gajjar	Chairperson	Independent Director	1
2 **Mr. Paresh Bhupendra Mojidra	Member	Independent Director
3 Mr. Mayank Suresh Gala	Member	Independent Director	1
4 Mr. Parvez Yunus Sayyed	Member	Independent Director	1

*During the period under review, the Nomination and Remuneration Committee of the Company was reconstituted by the Board of Directors at its meeting held on

** Mr. Paresh Bhupendra Mojidra, has been resigned from the post w.e.f. 30^th August, 2023.

As on 31^st March, 2026 the Composition of Nomination and Remuneration Committee is follow:

Sr. No. Particulars	Designation	Category
1. Mr. Yash Shailesh Gajjar	Chairperson	Independent Director
2. Mr. Mayank Suresh Gala	Member	Independent Director
3. Mr. Parvez Yunus Sayyed	Member	Independent Director

The terms of reference to the Nomination and Remuneration Committee inter alia includes:

• The Company has framed a policy as per Section 178 of the Companies Act, 2013 for selection and appointment of Directors, Senior Management and their remuneration same is posted on the website of the company.

• Determine the compensation package of the Executive Directors, Secretary and other senior management personnel.

• Formulate the criteria for determining qualifications, positive attributes and independence of a Director and recommend to the Board a policy relating to the remuneration of the Directors, Key Managerial Personnel and other employees.

• Formulate the criteria for evaluation of performance of Independent Directors and the Board of Directors.

• Devise a policy on diversity of Board of Directors.

• Identify persons who are qualified to become Directors and who may be appointed in senior management in accordance with the criteria laid down and recommend to the Board of Directors their appointment and removal.

• Decide on whether to extend or continue the term of appointment of the Independent Directors, on the basis of the performance evaluation report of Independent Directors.

Remuneration Policy

The Nomination and Remuneration Committee has considered the factors laid down under Section 178(4) of the Companies Act, 2013 while formulating the Remuneration Policy.

Remuneration to Non-Executive Directors

The Company has not paid any Remuneration to the Non- Executive Directors of the company during the period under review.

Remuneration to Executive Directors/ KMP

During the period under review, the Company has paid remuneration to the Executive Directors and Key Managerial Personnel (KMP) in accordance with the applicable provisions of the Companies Act, 2013 and the terms approved by the Company. The details of remuneration paid are as follows:

Sr. no. Name of Director/KMP	Designation	Nature	Amount
1. Mrs. Tazyeen Maqsood Shaikh	Whole-time director	Remuneration	Rs. 6,00,000/-
2. Mr. Maqsood Dabir Shaikh	Managing Director	Remuneration	Rs. 12,00,000/-
3. Anupama Parab	CFO	Salary	Rs. 3,74,400/-
4. Rimpy Ali	Company Secretary	Salary	Rs. 2,53,200/-

iii. Stakeholder Relationship Committee:

The Stakeholder and Relationship Committee of the Board of Directors meets the criteria laid down under Section 178 of the Companies Act, 2013 read with Regulation 19 of SEBI (Listing Obligation Disclosure Requirements) Regulation, 2015. The Stakeholder and Relationship Committee presently comprises of 3 (Three) members. Mr. Mayank Suresh Gala is Chairman of the committee.

During the year, the committee met 1 (One) time i.e. 13^th February, 2026

The Composition of the Stakeholder and Relationship Committee and the attendance of the members at the meeting held are as follows:

Sr. No. Particulars	Designation	Category	No. of Meeting attended
1 Mr. Mayank Suresh Gala	Chairperson	Independent Director	1
2 Mr. Yash Shailesh Gajjar	Member	Independent Director	1
3 Mrs. Tazyeen Maqsood Shaikh	Member	Whole-time director	1
4 **Mr. Paresh Bhupendra Mojidra	Member	Independent Director

*During the period under review, the Stakeholder Relationship Committee of the Company was reconstituted by the Board of Directors at its meeting held on

** Mr. Paresh Bhupendra Mojidra, has been resigned from the post w.e.f. 30^th August, 2023.

As on 31^st March, 2026 the Composition of Stakeholder Relationship Committee is follow:

Sr. No. Particulars	Designation	Category
1 Mr. Mayank Suresh Gala	Chairperson	Independent Director
2 Mr. Yash Shailesh Gajjar	Member	Independent Director
3 Mrs. Tazyeen Maqsood Shaikh	Member	Whole-time director

The terms of reference to the Stakeholder Relationship Committee inter alia includes:

The Committee inter alia oversees the redressal of Member and investor complaints / requests for transmission of shares, sub-division and consolidation of share certificates, issue of duplicate share certificates, requests for dematerialization and rematerialization of shares, non-receipt of declared dividend and non-receipt of Annual Report. It also recommends measures for improvement in investor services. The Committee also keeps a close watch on the performance of Bigshare Services Pvt. Ltd, the Registrar & Share Transfer Agents (RTA) of the Company. The Committee also reviews various measures and initiatives taken by the Company for reducing the quantum of unclaimed dividends and ensuring timely receipt of dividend warrants/ annual reports / statutory notices by the Members of the Company. The Committee meets as often as is necessary for resolution of important matters within its mandate.

Compliance Officer:

Ms. Rimpy Ghosh, Company Secretary & Compliance Officer pursuant to Regulation 6 of the SEBI (LODR) Regulations, 2015 with effect from 25^th April, 2023.

Details of complaints received and resolved during the year:
Complaints pending as on April 1, 2025	NIL
Number of Share holders complaints received during the year	NIL
Number of complaints resolved during the year	NIL
Number of complaints not solved to the satisfaction of shareholders	NIL
Number of pending complaints as on March 31, 2026	NIL

13. INDEPENDENT DIRECTORS MEETING:

The Independent Directors met on 27^th March, 2026 without the attendance of Non-Independent Directors and members of the management. The Independent Directors reviewed the performance of Non-Independent Directors, the Committees and the Board as a whole along with the performance of the Chairman of your Company, taking into account the views of Executive Directors and Non-Executive Directors and assessed the quality, quantity and timeliness of flow of information between the management and the Board that is necessary for the Board to effectively and reasonably perform their duties.

14. BOARD EVALUATION:

The Board adopted a formal mechanism for evaluating its performance and as well as that of its committees and individual Directors, including the Chairman of the Board. The exercise was carried out through a structured evaluation process covering various aspects of the Boards functioning such as composition of the Board and committees, experience and competencies, performance of specific duties and obligations, contribution at the meetings and otherwise, independent judgment, governance issues etc. At the Board meeting that followed the above mentioned meeting of the Independent Directors, the performance of the Board, its Committees, and individual directors was also discussed. Performance evaluation of independent directors was done by the entire Board, excluding the independent director being evaluated.

15. BOARD FAMILIARISATION AND TRAINING PROGRAMME:

The Board is regularly updated on changes in statutory provisions, as applicable to your Company. The Board is also updated on the operations, key trends and risk universe applicable to your Companys business. These updates help the Directors in keeping abreast of key changes and their impact on your Company. An annual strategy retreat is conducted by your Company where the Board provides its inputs on the business strategy and long- term sustainable growth for your Company. Additionally, the Directors also participate in various programmes /meetings where subject matter experts apprise the Directors on key global trends. The details of such programmes are provided in the Corporate Governance Report, which forms part of this Annual Report.

16. DIRECTORS RESPONSIBILITY STATEMENT

Based on the framework of internal financial controls and compliance systems established and maintained by the Company, work performed by the internal, statutory and secretarial auditors including audit of internal financial controls over financial reporting by the statutory auditors and the reviews performed by Management and the relevant Board Committees, including the Audit Committee, the Board is of the opinion that the Companys internal financial controls were adequate and effective during the financial year 2025-26.

Accordingly, pursuant to Section 134(3)(c) and 134(5) of the Companies Act, 2013, the Board of Directors, to the best of their knowledge and ability, confirm that-

i. in the preparation of the annual accounts, the applicable accounting standards have been followed and that there are no material departures;

ii. they have selected such accounting policies and applied them consistently and made judgments and estimates that were 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 loss of the Company for the year;

iii. they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

iv. they have prepared the annual accounts on a going concern basis;

v. they have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively;

vi. they have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively

17. INTERNAL FINANCIAL CONTROL SYSTEMS AND ADEQUACY

The internal financial controls with reference to the Financial Statements are commensurate with the size and nature of business of the Company. During the year, such control was tested and no reportable material weakness in the design or operation was observed.

18. CORPORATE SOCIAL RESPONSIBILITY

During the FY 2025-26, Corporate Social Responsibility is not applicable to the company.

19. MANAGEMENT DISCUSSION & ANALYSIS REPORT

The Management Discussion and Analysis of financial condition, including the results of operations of the Company for the year under review as required under Regulation 34(2)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is provided as a "Annexure A".

20. CORPORATE GOVERNANCE:

As per Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Compliance with the corporate governance provisions as specified in regulation 17 - 27 is not applicable to listed entity which has listed its specified securities on the SME Exchange. Since the Equity Shares of the Company are listed on BSE SME Exchange, the Company is not required to file Corporate Governance Report.

21. ANNUAL RETURN

Pursuant to Section 92(3) read with Section 134(3)(a) of the Act, a copy of the Annual Return as on 31^st March, 2026 is available on the Companys website www.innovative.in.

22. RELATED PARTY TRANSACTIONS

During the financial year ended 31st March, 2026, the Company has availed loans from a Director. Except for the aforesaid transaction, there were no other related party transactions entered into by the Company during the Financial Year under review.

The aforesaid transaction was carried out in the ordinary course of business and in compliance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as applicable. The details of the transaction, as required under the applicable provisions, are disclosed in the financial statements of the Company.

Thus, disclosure in Form AOC-2 is not required.

23. STATUTORY AUDITORS & AUDITORS REPORT:

Pursuant to the provisions of Section 139 of the Act, M/s. Keyur Shah and Associates, Chartered Accountants (Firm Registration No. 333288W) are the Statutory Auditors of the Company, as per their appointment at the 23^rd AGM of the Company held on 25^th September, 2023 for a period of 5 (five) years.

The requirement of seeking ratification of members for continuing the appointment of Statutory Auditors at every AGM was withdrawn by the Companies (Amendment) Act, 2017 w.e.f. 07^th May, 2018.

M/s. Keyur Shah and Associates, Chartered Accountants, have confirmed that they are eligible and are in compliance with the provisions specified under Section 141(3)(g) of the Act and they are not disqualified to act as Statutory Auditors in terms of the provisions of Sections 139 and 141 of the Act and the Companies (Audit and Auditors) Rules, 2014.

The Report of the Statutory Auditor forming part of the Annual Report, does contain the qualification, reservation, adverse remark or disclaimer.

24. SECRETARIAL AUDITORS & AUDITORS REPORT:

Pursuant to the provisions of Section 204 of the Companies Act, 2013 ("the Act"), read with the rules made thereunder, the Board of Directors had appointed M/s. Nishant Bajaj & Associates, Practicing Company Secretaries, to undertake the Secretarial Audit of the Company for the Financial Year 2025-26. The Secretarial Audit Report for the year under review is provided as "Annexure B" to this Report.

Further, pursuant to the amended Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), M/s. Prachi Bansal & Associates, Practicing Company Secretaries (C.P. No. 23670; Peer Reviewed Firm No. 3702/2023), tendered their resignation as Secretarial Auditor of the Company on s05^th September, 2026. The Board of Directors has taken note of and accepted the said resignation.

In view of the above, the Board of Directors, based on the recommendation of the Audit Committee, has proposed the appointment of M/s. NNJ & Co., Practicing Company Secretaries, as the Secretarial Auditor of the Company for a first term of five consecutive financial years commencing from Financial Year 2026-27 to Financial Year 2030-31, subject to the approval of the Members at the ensuing Annual General Meeting.

M/s. NNJ & Co., Practicing Company Secretaries, have confirmed their eligibility and consent to act as the Secretarial Auditor of the Company and have further confirmed that they are not disqualified from being appointed as Secretarial Auditor and are eligible to hold office in accordance with the applicable provisions of the Act and the SEBI Listing Regulations.

The Secretarial Auditor has reported certain observations/non-compliances in the Secretarial Audit Report. In terms of Section 134(3)(f) of the Companies Act, 2013, the Boards comments on the said observations are as under:

Sr.no Observations	Board Reply
01 The Company has not submitted the Corporate Governance - Non Applicability Certificate for the quarters ended September, 2025, December, 2025 and March, 2026.	The non-submission of the Corporate Governance - Non-Applicability Certificate for the quarters ended September 2025, December 2025 and March 2026 was inadvertent. The Company has taken note of the observation and strengthened its compliance monitoring mechanism to ensure timely submission of such certificates in future.
02 DIN of Mr. Mayank Suresh Gala, is deactivated and we have not been provided with the certificate of registration on Independent Directors Databank for review, hence we are not able to comment on their eligibility of independent directorship.	The Company acknowledges the observation. The DIN of Mr. Mayank Suresh Gala was deactivated, and the Independent Directors Databank registration certificate was not available for verification. The Company is taking necessary steps to regularise the same and ensure compliance with the applicable provisions.
03 The Company has availed loans from its Directors, the aggregate value of which exceeds the applicable materiality threshold prescribed under Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. However, the Company has not obtained the prior approval of the Members for such transactions, as required under the said Regulation.	The Company acknowledges the observation. The requisite approval of the Members was inadvertently not obtained for the loans availed from Directors exceeding the applicable materiality threshold under Regulation 23 of the SEBI LODR Regulations. The Company is taking necessary steps to regularise the same and ensure compliance with the applicable provisions going forwa rd.

25. INTERNAL AUDITORS & AUDITORS REPORT:

The Board, upon the recommendation of the Audit Committee, has appointed Mr. Omprakash Luthra, as the Internal Auditor of the Company for financial year 2025-2026.

The observations made in the Internal Auditors Report are self-explanatory and therefore do not call for any further comments.

26. PARTICULARS OF EMPLOYEES AND MANAGERIAL REMUNERATION

Disclosures pertaining to remuneration and other details as required under Section 197(12) of the Companies Act, 2013, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are provided in the Annual Report and is marked as "Annexure C" to this Report.

27. SEXUAL HARASSMENT POLICY

As required under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and Rules framed thereunder, the Company has implemented a policy on prevention, prohibition and redressal of sexual harassment at workplace. This has been widely communicated internally. Your Company has constituted Internal Complaints Committee to redress complaints relating to sexual harassment at its workplaces. The Company has not received any complaints relating to sexual harassment during financial year 2025-26.

i. Number of Complaints filed during the financial year - NIL

ii. Number of complaints disposed of during the financial year - NIL

iii. Number of complaints pending as on end of the financial year - NIL

28. MATERNITY BENEFITS COMPLIANCES:

The Company has complied with the applicable provisions of the Maternity Benefit Act, 1961 and the rules made thereunder. The Company has ensured that all eligible women employees are provided with maternity benefits and other entitlements as prescribed under the Act. The Company remains committed to providing a safe, supportive, and inclusive work environment for its women employees.

29. VIGIL MECHANISM/ WHISTLE BLOWER POLICY

Your Company has in place a vigil mechanism for directors and employees to report concerns about unethical behaviour, actual or suspected fraud or violation of your Companys Code of Conduct.

Under the vigil mechanism of the Company, which also incorporates a Whistle Blower Policy in terms of Regulation 22 of the SEBI Listing Regulations, protected disclosures can be made by a whistle blower through an e-mail, or dedicated telephone line or a letter to the Chairman of the Audit Committee. Adequate safeguards are provided against victimization to those who avail of the vigil mechanism.

The Whistle Blower Policy is available on the Companys website at the www.innovative.in

30. LISTING ON STOCK EXCHANGE

The Company shares are listed on the BSE Ltd and the Company has paid the listing fees for the Financial Year 2025-26.

31. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO ETC.

Conservation of Energy:

The Board has nothing to report under this. However, the company is taking adequate steps to see that the energy used by the company is the minimum under the given circumstance.

Technology Absorption:

The Board has nothing to report under the head technology absorption.

Foreign Exchange Earnings and Outgo:

During the year, the total foreign exchange used was NIL (previous year Nil) and the total foreign exchange earned was NIL (previous year Nil).

32. RISK MANAGEMENT POLICY:

The Company has put in place Risk Management Policy compatible with the type and size of operations and risk perception. The said policy is drawn up based on the guidelines of SEBI and stock exchanges issued in this regard.

33. CYBER SECURITY:

In view of increased cyber-attack scenarios, the cyber security maturity is reviewed periodically and the processes, technology controls are being enhanced in-line with the threat scenarios. Your Companys technology environment is enabled with real time security monitoring with requisite controls at various layers starting from end user machines to network, application and the data.

During the year under review, your Company did not face any incidents or breaches or loss of data breach in cyber security.

34. CODE OF CONDUCT:

The Company has adopted a Code of Conduct ("Code") to regulate, monitor and report trading in Companys shares by Companys designated persons and their immediate relatives as per the requirements under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The Code, inter alia, lays down the procedures to be followed by designated persons while trading/ dealing in Companys shares and sharing Unpublished Price Sensitive Information ("UPSI").

The Code covers Companys obligation to maintain a digital database, mechanism for prevention of insider trading and handling of UPSI, and the process to familiarize with the sensitivity of UPSI. Further, it also includes code for practices and procedures for fair disclosure of unpublished price sensitive information. The employees undergo a mandatory training/ certification on this Code to sensitize themselves and strengthen their awareness.

35. DISCLOSURE WITH RESPECT TO DEMAT SUSPENSE ACCOUNT/ UNCLAIMED SUSPENSE ACCOUNT

The Company does not have any of its securities lying in demat/unclaimed suspense account arising out of public/bonus/right issues as at 31^st March, 2026. Hence, the particulars relating to aggregate number of shareholders and the outstanding securities in suspense account and other related matters does not arise.

36. MATERIAL CHANGES AND COMMITMENTS

No Material Changes occurred during the period under review.

37. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS

There are no significant material orders passed by the Courts/ Regulators or Tribunals impacting the going concern status and Companys operations in future.

38. COMPLIANCE OF ACCOUNTING STANDARDS:

As per requirements of the SEBI Listing Regulations and applicable Accounting Standards, your Company has made proper disclosures in the Financial Statements. The applicable Accounting Standards have been duly adopted pursuant to the provisions of Sections 129 and 133 of the Act.

39. COMPLIANCE OF SECRETARIAL STANDARDS

During the year under review, your Company has complied with all the applicable provisions of Secretarial Standard-1 and Secretarial Standard-2 issued by the Institute of Company Secretaries of India.

40. DETAILS OF APPLICATION MADE OR PROCEEDING PENDING UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016

During the year under review, there were no application made or proceedings pending in the name of the company under the Insolvency and Bankruptcy Code, 2016.

41. DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT IN ONE TIME SETTLEMENT AND VALUATION WHILE AVAILING LOAN FROM BANKS AND FINANCIAL INSTITUTIONS

During the year under review, there has been no one time settlement of Loans taken from Banks and Financial Institutions.

42. DISCLOSURE RELATED TO FUND RECEIVED FROM DIRECTOR AND ITS RELATIVE:

The Company has received funds from its Directors and their relatives during the year under review. Such funds, being exempted under Rule 2(viii) of the Companies (Acceptance of Deposits) Rules, 2014, do not fall within the ambit of deposits. Accordingly, the Company has obtained necessary declarations from the Directors and their relatives confirming that the funds provided are out of their own sources and not borrowed.

43. REPORTING OF FRAUDS:

There was no instance of fraud during the year under review, which required the Statutory Auditors to report to the audit committee and/or board under Section 143(12) of Act and Rules framed thereunder.

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

The Company acknowledges the auditors observation and clarifies that it did not use accounting software with an audit trail (edit log) feature for maintaining its books of account for the financial year ended 31^st March, 2026.

The Company is in the process of evaluating and implementing accounting software that complies with the requirements prescribed under Rule 3(1) of the Companies (Accounts) Rules, 2014, including the audit trail functionality.

45. APPOINTMENT OF DESIGNATED PERSON (MANAGEMENT AND ADMINISTRATON) RULES 2014- RULE 9 OF THE COMPANIES ACT, 2013:

In Accordance with Rule 9 of the Appointment of Designated Person (Management and Administration) Rules 2014, it is essential for the Company to designate a responsible individual for ensuring compliance with statutory obligations.

The Company Secretary of the company has appointed by the Board of Director as the Designated Person under this rules.

46. APPRECIATION

Your Directors take this opportunity to convey their deep sense of gratitude for valuable assistance and Co-operation extended to the Company by all valued customers and bankers of the Company.

Your Directors also wish to place on record their sincere appreciation for the valued contribution, unstinted efforts by the employees at all levels which contributed, in no small measure, to the progress and the high performance of the Company during the year under review.

FOR INNOVATIVE IDEALS AND SERVICES (INDIA) LIMITED
Sd/-	Sd/-
(Maqsood Dabir Shaikh)	(Tazyeen Maqsood Shaikh)
Managing Director	Whole-time director
DIN:00834754	DIN: 00834590
Date: 07th September, 2026	Date: 07th September, 2026
Place: Mumbai	Place: Mumbai