ISL Consulting Ltd Directors Report

Dear Members,

Your directors are pleased to present the 34^th Annual Report along with the Audited Accounts of the Company for the financial year ended on March 31, 2026.

financial summary/highlights of performance and state of affairs of the company:

Particulars	Year ended 31-03-2026	Year ended 31-03-2025
Revenue from Operation	1,857.81	2,447.24
Other Income (Interest & Dividend)	6.04	9.53
Total Income	1,863.85	2,456.77
Total expenditure	2,067.82	2,629.70
Profit / (loss) before exceptional items & provision for tax	(203.97)	(172.92)
Less: Exceptional items	0.00	0.00
Profit / (loss) Before Tax	(203.97)	(172.92)
Less: Tax Expenses	0.28	0.18
Net Profit / (loss) after Tax for the year	(204.24)	(173.11)
Earnings per Share	(0.85)	(0.72)
Balance carried forward to Balance Sheet	(204.24)	(173.11)

During the financial year ended March 31, 2026, the Company recorded Revenue from Operations of Rs. 1,857.81 lakhs as against Rs. 2,447.24 lakhs in the previous financial year, representing a decrease of approximately 24.70%. Other Income during the year stood at Rs. 6.04 lakhs, as compared to Rs. 9.53 lakhs in the previous year. Accordingly, the Total Income of the Company for the financial year 2025-26 stood at Rs. 1,863.85 lakhs, as against Rs. 2,456.77 lakhs in the financial year 2024-25. The total expenditure during the year decreased to Rs. 2,067.82 lakhs from Rs. 2,629.70 lakhs in the previous year.

The Company incurred a Loss before Tax of Rs. 203.97 lakhs during the financial year 2025-26, as compared to a loss before tax of Rs. 172.92 lakhs in the previous financial year. After considering tax expenses of Rs. 0.28 lakhs, the Company reported a Net Loss after Tax of Rs. 204.24 lakhs for the year under review, as against a net loss of Rs. 173.11 lakhs in the previous year.

The Earnings per Share (EPS) stood at (Rs. 0.85) for the financial year 2025-26 as compared to (Rs. 0.72) in the financial year 2024-25.

The overall financial performance reflects a decline in the Companys operating revenue during the year under review. Although the Company has reduced its total expenditure compared with the previous year, the reduction in revenue has resulted in an increase in the net loss for the year. The management continues to focus on improving operational efficiency, strengthening revenue generation and taking appropriate measures to improve the financial performance of the Company in the coming years.

DIVIDEND:

In order to conserve the financial resources, the Board of Directors of the Company do not recommend any dividend for the said financial year.

amount transfer to reserves and surplus:

The Company has transferred Rs. (204.24) lakhs to the Reserves and Surplus account.

change in nature of business:

There is no change in the nature of business of the Company during the year under review.

material changes and commitments affecting financial position between the end of the financial year and date of report:

There have been no material changes and/or commitments affecting the financial position of the Company occurred between the end of the financial year to which this financial statement relates and the date of the report.

DISCLOSURE OF ORDERS PASSED BY REGULATORS OR COURTS OR TRIBUNAL:

During the year under review, no significant or material orders have been passed by the Regulators or Courts or Tribunals which can have impact on the going concern status and the Companys operations in future.

INTERNAL FINANCIAL CONTROL SYSTEM AND COMPLIANCE FRAMEWORK:

Pursuant to the provisions of Section 134(5)(e) of the Companies Act, 2013, the Company has established and maintained adequate internal financial controls commensurate with the nature, size, and complexity of its business operations. These controls are designed to ensure the orderly and efficient conduct of business, safeguarding of assets, prevention and detection of frauds and errors, accuracy and completeness of accounting records, and timely preparation of reliable financial information.

The Companys Internal Audit function operates independently and reports directly to the Audit Committee of the Board of Directors, thereby ensuring objectivity and impartiality in the evaluation of internal control processes. The Internal Auditors periodically review the adequacy and effectiveness of the Companys internal financial control systems, risk management processes, operational procedures, accounting practices, and compliance with applicable policies and statutory requirements.

Based on the recommendations of the Internal Auditors, the respective process owners undertake appropriate corrective and preventive actions to strengthen the internal control environment. Significant audit observations, if any, together with the status of corrective actions, are periodically reviewed by the Audit Committee. During the financial year under review, the Board reviewed the effectiveness of the internal financial controls and is of the opinion that the Companys internal financial control system was adequate and operating effectively. No material weaknesses or significant deficiencies were identified that could have adversely affected the Companys financial reporting or operational performance.

The Company has also established a comprehensive legal and regulatory compliance framework to ensure adherence to all applicable provisions of the Companies Act, 2013, SEBI Regulations (where applicable), and other statutory laws and regulations. The Board is satisfied that the compliance framework is adequate and has been operating effectively throughout the financial year.

PUBLIC DEPOSITS:

During the year ended on March 31, 2026, the Company has not accepted any deposit from the public within the meaning of Section 73 of the Companies Act, 2013 read with Companies (Acceptance of Deposits) Rules, 2014 and amendments made thereto.

LOANS, GUARANTEES AND INVESTMENTS:

Details of Loans, Guarantee and Investments, if any, covered under the provisions of Section 186 of the Companies Act, 2013, during the year under review, are provided in the notes to the financial statement.

RELATED PARTY TRANSACTIONS:

Your Board endeavors that all contracts/ arrangements/transactions entered by the Company during the financial year with related parties are in the ordinary course of business and on an arms length basis only. During the year under review the Company had not entered into any contract/ arrangement/transaction with related parties referred to in Section 188(1) of the Companies Act, 2013. Hence Form AOC- 2 is not applicable to the Company.

In terms of Regulation 23 of the SEBI Listing Regulations, your Company submits details of related party transactions as per the format specified in the relevant accounting standards to the stock exchanges on a half yearly basis.

Your directors draw attention of the members to the financial statement which sets out related party disclosures. SHARE CAPITAL:

During the financial year under report, the company has neither issued equity shares with differential voting rights, sweat equity shares or under employee stock options scheme nor it has made any provision of money for purchase of its own shares by employees or by trustees for the benefit of employees.

At present, the Company has only one class of shares - equity shares with face value of Rs. 5/- each. As on March 31, 2026, the authorized share capital and paid-up share capital of the company stands at Rs. 12,00,00,000/- (Rupees Twelve Crore) consisting of 2,40,00,000 (Two Crore Forty Lakhs) number of equity shares of Rs. 5/- (Rupees Five) each fully paid-up.

PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING AND OUTGO:

The disclosures relating to conservation of energy and technology absorption as prescribed under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 are not applicable to the Company, considering the nature of its business operations.

During the financial year under review, the Company did not have any foreign exchange earnings or foreign exchange outgo.

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

Your Company does not have any subsidiary, joint venture or associate company.

CORPORATE SOCIAL RESPONSIBILITY:

During the financial year under report, your company did not meet the criteria laid down under the provisions of section 135(1) of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014 and accordingly the provisions including but not limited upto constitution of corporate social responsibility committee and formulation / implementation of a policy on corporate social responsibility are not applicable to the company.

DIRECTORS AND KEY MANAGERIAL PERSONNEL:

(1) Board of Directors

The Board of Directors of your company has various executive and non-executive directors including Independent Directors who have wide and varied experience in different disciplines of corporate functioning.

As on March 31, 2026 the Board of Directors is comprised of 6 (Six) directors including 1 (One) Managing Director, 1 (One) Executive Director, 2 (Two) Non-Executive Non - Independent Directors and 2 (Two) NonExecutive Independent Directors. The names and categories of directors, and relevant details are given below:

Name of Directors	Category
Mr. Ankit Jagat Shah	Managing Director
Mrs. Reema Ankit Shah	Executive Director
Mr. Hiteshkumar Chhaganlal Kothari	Non-Executive Non - Independent Director
Mr. Bhavesh Premji Mamania	Non-Executive Non - Independent Director
Mr. Savajibhai Devarambhai Galiya	Non-Executive Independent Director
Mr. Vidhyesh G. Dalwadi	Non-Executive Independent Director - Chairman

(2) Appointment & Cessation:

(3) Independent directors

In terms of the definition of the Independent Director as prescribed under Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Section 149(6) of the Companies Act, 2013, Mr. Vidhyesh Dalwadi and Mr. Savajibhai Devarambhai Galiya have been appointed as Non-Executive Independent Director on the board of the company. Mr. Savajibhai Devarambhai Galiya was re-appointed as Non-Executive Independent Director in 32^nd Annual General Meeting for a term of five years till September 24, 2029 and Mr. Vidhyesh Dalwadi was appointed as Non-Executive Independent Director in Extra-Ordinary

General Meeting held on February 28, 2025 for the first term of five consecutive years till term of five (5) consecutive years commencing from December 13, 2024 to December 12, 2029.

Your Company has received requisite declarations from all the Independent Director of the Company under sub - Section (7) of section 149 confirming that they meet with the criteria of Independence as provided in Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Independent Directors also have complied with the provisions of Rule 6(3) of Companies (Appointment and Qualifications of Directors) Rules, 2014, as amended relating to inclusion of their name in the databank of independent directors. Independent Directors have also confirmed that they have complied with Schedule IV of the Act and the Companys Code of Conduct..

(4) Director retiring by rotation

During the year under review Mrs. Reema Ankit Shah (DIN: 02698529) Executive Director was appointed after retires by rotation at the Annual General Meeting held on 25^th September 2025.

(5) Key Managerial Personnel

Name	Designation
Mr. Ankit Jagat Shah	Managing Director
Mrs. Reema Ankit Shah	Executive Director
Mr. Nishantkumar D. Thakkar	Chief Financial Officer
Mr. Rohit Raway	Company Secretary

EVALUATION OF BOARD, COMMITTEES AND DIRECTORS:

Pursuant to the provisions of Section 134(3)(p) of the Companies Act, 2013 read with Rule 8(4) of the Companies (Accounts) Rules, 2014, Regulation 17(10) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has carried out an annual performance evaluation of the Board of Directors, its Committees, the Chairperson, Individual Directors, and Independent Directors.

The evaluation was conducted through a structured performance evaluation mechanism based on various qualitative and quantitative criteria, including the composition of the Board and Committees, effectiveness of Board processes, strategic guidance, quality of deliberations, attendance and participation in meetings, professional expertise, governance practices, accountability, ethical standards, leadership, decision-making, risk oversight, and contribution towards the achievement of the Companys objectives. The performance of the Independent Directors was evaluated by the entire Board, excluding the Director being evaluated, with due regard to their independence, objectivity, exercise of independent judgment, constructive participation in Board and Committee meetings, guidance on governance matters, and protection of the interests of all stakeholders. The Independent Directors, at their separate meeting held during the year, reviewed the performance of the NonIndependent Directors, the Chairperson of the Company, and the Board as a whole. They also assessed the quality, quantity, and timeliness of the flow of information between the Companys Management and the Board, which is essential for the Board to effectively and reasonably perform its duties.

The Nomination and Remuneration Committee reviewed the performance evaluation process and recommended its observations to the Board. Based on the outcome of the evaluation, the Board expressed satisfaction with the overall effectiveness of its functioning, the functioning of its Committees, and the valuable contributions made by each Director in strengthening the Companys governance framework and achieving its strategic objectives. The Board is of the opinion that all the Directors continue to possess the requisite integrity, expertise, experience, competence, and commitment required to effectively discharge their duties and responsibilities.

MEETING OF THE BOARD OF DIRECTORS:

Your Board has been constituted with requisite diversity, wisdom and experience commensurate to the scale of operations of your Company. Regular Board Meetings are held to discuss business aspects and other matters related to business of the company.

Board meeting dates are finalized in consultation with all directors and agenda papers backed up by comprehensive notes and detailed background information are circulated well in advance before the date of the meeting thereby enabling the Board to take informed decisions.

During the year, 8 (eight) meetings of Board of Directors were convened and held, the details of which are given in the "Report on Corporate Governance", which is a part of this Annual Report. The gap between Meetings not exceeding the period prescribed under the Companies Act, 2013 and Rules made thereunder.

COMMITTEES OF THE BOARD:

As per requirements of the provisions of Companies Act, 2013 and Rules made there under and as per provisions of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, the company has formed following committees.

(a) Audit Committee

(b) Stakeholders Relationship Committee

(c) Nomination and Remuneration Committee

Details of all the Committees along with their charters, composition and meetings held during the year, are provided in the "Report on Corporate Governance", a part of this Annual Report.

RISK MANAGEMENT:

Risk management is an integral part of the Companys corporate governance framework and business strategy. ISL Consulting Limited has established a robust risk management framework designed to identify, assess, evaluate, monitor, and mitigate various strategic, operational, financial, regulatory, technological, and business risks that could impact the achievement of the Companys objectives. The Company follows a structured and proactive approach towards risk management, with clearly defined processes for identifying emerging risks, evaluating their potential impact and likelihood, and implementing appropriate mitigation measures. The framework is embedded into the Companys decision-making process and is periodically reviewed to ensure its continued relevance in light of the evolving business environment, regulatory developments, and market dynamics.

The management regularly reviews the Companys risk profile and places appropriate controls and mitigation mechanisms to address identified risks. The Audit Committee periodically reviews the adequacy and effectiveness of the Companys internal financial controls, internal audit function, and risk management systems, and provides necessary guidance to strengthen the overall control environment. Significant risks and mitigation measures are also placed before the Board of Directors for its review and oversight.

The Board is satisfied that the Companys risk management framework is adequate, effective, and commensurate with the nature and scale of its operations. Based on the assessment carried out during the financial year, the Board is of the opinion that there is no material or foreseeable risks that, in its judgment, would threaten the Companys existence, continuity of operations, or long-term sustainability.

VIGIL MECHANISM AND WHISTLE BLOWER POLICY:

Pursuant to the provisions of Section 177 of the Companies Act, 2013 read with the Companies (Meetings of Board and its Powers) Rules, 2014 and Regulation 22 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has established a robust Vigil Mechanism/Whistle Blower Policy to promote ethical conduct, transparency, integrity, and accountability across the organization.

The Policy provides a structured mechanism for Directors, employees, and other eligible stakeholders to report genuine concerns relating to unethical behaviour, actual or suspected fraud, financial irregularities, misuse of the Companys resources, violation of the Code of Conduct, or any other improper or unlawful practices, without fear of retaliation or victimization. The Company is committed to ensuring that all genuine concerns are investigated in a fair, transparent, and confidential manner. The Policy incorporates adequate safeguards against victimization of whistle blowers and provides direct access to the Chairperson of the Audit Committee in appropriate and exceptional cases.

During the financial year under review, no person was denied access to the Chairperson of the Audit Committee, and the Company is not aware of any instance of victimization of any whistle blower under the said mechanism.

The Vigil Mechanism and Whistle Blower Policy is available on the Companys website at www.islconsulting.in.

AUDITORS Statutory Auditors:

At the 33^rd Annual General Meeting ("AGM") of the Company held on September 25, 2025, the Members had approved the appointment of M/s. Maak & Associates, Chartered Accountants (Firm Registration No. 135024W) as the Statutory Auditors of the Company for a term of five consecutive financial years commencing from FY 2025-26 and continuing up to FY 2029-30, in accordance with the provisions of the Companies Act, 2013.

However, subsequent to the closure of the financial year under review, M/s. Maak & Associates, Chartered Accountants, resigned from the office of Statutory Auditors of the Company on 18^th August 2026. The resignation was subsequent to the end of the financial year 2025-26 and accordingly, the change in the Statutory Auditor is a subsequent development to the financial year under review.

The Board of Directors places on record its appreciation for the services and professional support rendered by M/s. Maak & Associates, Chartered Accountants, during their tenure as Statutory Auditors of the Company.

Consequent upon the resignation of the existing Statutory Auditors, the Board of Directors, based on the recommendation of the Audit Committee, has proposed the appointment of M/s. G M C A & CO., Chartered Accountants (Firm Registration No. 109850W), as the Statutory Auditors of the Company for a term of five consecutive financial years commencing from the conclusion of the ensuing Annual General Meeting to be held in the year 2026 and continuing until the conclusion of the Annual General Meeting to be held in the year 2031, covering the financial years 2026-27 to 2030-31, subject to the approval of the Members.

The proposed appointment of M/s. G M C A & CO., Chartered Accountants, is being placed before the Members for their approval at this AGM in the year of 2026. The details regarding the proposed appointment, including the credentials of the proposed Statutory Auditors, basis of recommendation, proposed remuneration and other disclosures as required under the applicable provisions of the Companies Act, 2013 and Regulation 36(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are provided in the Notice convening the ensuing AGM.

The Company has received the necessary consent and eligibility certificate from the proposed Statutory Auditors confirming their eligibility and willingness to act as Statutory Auditors of the Company in accordance with the applicable provisions of the Companies Act, 2013 and the rules made thereunder.

Secretarial Auditors:

pursuant to the provisions of Section 204 and other applicable provisions, if any, of the Companies Act, 2013, read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, and Regulation 24A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), other applicable laws/statutory provisions, if any, as amended from time to time and pursuant to the recommendation of the Audit Committee and the Board of Directors of the Company, the company in its 33^rd Annual General Meeting held on Thursday, September 25, 2025 has appointed M/S Anisha Jhunjhunwala & Associates, (FRN: S2021GJ789700 and CP No.: 20967) Peer Reviewed Company Secretary in Practice having Peer Review Certificate No - 1303/2021, holding Membership No. 13464 and Certificate of Practice No. 20967, as the Secretarial Auditor of the Company for the first term of five consecutive financial years commencing from FY 2025-26 to FY 2029-30, to conduct the secretarial audit of the Company as prescribed under the Act and the rules made thereunder at such remuneration, plus applicable taxes and other out-of-pocket expenses as may be mutually agreed upon between the Board of Directors of the Company and the Secretarial Auditors.

Internal Auditors:

In accordance with the provisions of section 138 of the Companies Act, 2013 and rules framed thereunder, your company has appointed of M/S Nishit P Shah & Co, Chartered Accountants (FRN; 158058W), as the internal auditors of the company in the board meeting held on August 28, 2025 to conduct the internal audit of the functions and activities of the company for the financial year ending on March 31, 2026.

Based on the recommendation of the Audit committee the board of director in its board meeting held on May 29, 2026 have appointed Nishit P Shah & Co, Chartered Accountant (FRN: 158058W) as internal Auditor of the company for the FY 2026-27.

EXPLANATIONS OR COMMENTS BY THE BOARD ON QUALIFICATION / RESERVATION / ADVERSE REMARK OR DISCLAIMER MADE BY THE STATUTORY AUDITORS IN THEIR AUDIT REPORT AND BY THE SECRETARIAL AUDITOR IN THEIR SECRETARIAL AUDIT REPORT:

Pursuant to the provisions of Section 134(3)(f) of the Companies Act, 2013, the Board of Directors states that the Report of the Statutory Auditors on the Standalone Financial Statements for the financial year ended March 31, 2026, does not contain any qualification, reservation, adverse remark, disclaimer of opinion, or emphasis of matter requiring any explanation or comment by the Board. The Statutory Auditors Report is self-explanatory and forms an integral part of the Annual Report.

The Secretarial Audit Report issued by the Secretarial Auditor pursuant to Section 204 of the Companies Act, 2013 also forms part of this Annual Report. The Board has examined the observations, if any, contained in the Secretarial Audit Report and notes that the same are either self-explanatory or have been suitably addressed by the management. Accordingly, no further explanation or comment is considered necessary, except to the extent specifically stated in the Secretarial Audit Report.

The secretarial auditor has given his comments in the secretarial audit report issued for the period under report which is also a part of this report.

DIRECTORS RESPONSIBILITY STATEMENT:

In accordance with Section 134(5) of the Companies Act, 2013 and to the best of their knowledge and belief and according to the information and explanations obtained by them, your Directors state that:

a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

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

c) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) The Directors have prepared the annual accounts on a going concern basis.

e) The Directors have laid down internal financial controls and that such internal financial controls are adequate and 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.

POLICY ON APPOINTMENT AND REMUNERATION OF DIRECTORS, KEY MANAGERIAL PERSONNEL AND SENIOR MANAGEMENT OF THE COMPANY:

The Board has on the recommendation of the Nomination & Remuneration Committee, formulated criteria for determining Qualifications, Positive Attributes and Independence of a Director and also a Policy for remuneration of Directors, Key managerial Personnel and senior management. The Nomination and Remuneration policy can be accessed through the website of the Company at www.islconsulting.in.

CORPORATE GOVERNANCE:

The Company remains committed to maintaining the highest standards of corporate governance and ethical business conduct. It has consistently taken necessary measures to ensure compliance with all the mandatory requirements stipulated under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A detailed report on Corporate Governance, together with a certificate from a Practicing Company Secretary confirming compliance, forms an integral part of this Annual Report.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

Management Discussion and Analysis Report for the year under review, as stipulated under Regulation 34 of the SEBI (Listing Obligation and Disclosure Requirement) regulations, 2015, is annexed and forms part of the Annual Report.

COMPLIANCE WITH SECRETARIAL STANDARDS:

The Company duly complies with the applicable Secretarial Standards issued by the Institute of Company Secretaries of India.

PREVENTION OF SEXUAL HARASSMENT AT WORKPLACE:

The Company is committed to providing and maintaining a safe, secure, and inclusive work environment that promotes dignity, respect, equality, and mutual trust for all employees. The Company has zero tolerance for any form of sexual harassment and is dedicated to ensuring a workplace free from discrimination, harassment, and intimidation.

In compliance with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 ("POSH Act") and the Rules made thereunder, the Company has adopted a Policy on Prevention of Sexual Harassment at Workplace and has constituted an Internal Committee, wherever applicable, to receive, investigate, and redress complaints of sexual harassment in accordance with the provisions of the Act.

The Company conducts awareness initiatives from time to time to promote a respectful workplace and ensure compliance with the applicable legal requirements.

During the financial year under review, no complaint relating to sexual harassment was received, pending, or disposed of under the provisions of the POSH Act.

DISCLOSURE REGARDING MAINTENANCE OF COST RECORDS:

Section 148 of the Companies Act, 2013 read with the Companies (Cost Records and Audit) Rules, 2014 as amended from time to time is not applicable to your company. Hence, your Company is not required to maintain cost records.

REPORTING OF FRAUD BY AUDITORS:

Pursuant to provisions of Section 143(12) of the Companies Act, 2013, as amended from time to time, the Auditors have not reported any incident of frauds committed in the Company by its Officers or Employees to the Company during the year under review.

ANNUAL RETURN:

Pursuant to Section 92(3) read with section 134(3)(a) of the Companies Act, 2013, copies of the Annual Returns of the Company prepared in accordance with Section 92(1) of the Companies Act, 2013 read with Rule 11 of the Companies (Management and Administration) Rules, 2014 are placed on the website of the Company at www.islconsulting.in.

By virtue of amendment to Section 92(3) of the Companies Act, 2013 read with Rule 12 of The Companies (Management and Administration) Rules, 2014, the Company is not required to provide extract of Annual Return (Form MGT-9) as part of the Boards report.

PARTICULARS OF EMPLOYEES AND RELATED DISCLOSURES:

The information 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 will be provided on written request by the members of the company. Hence the members wish to know the said details can write an email to the company at innogroup@gmail.com at least two working days before. We are also confirming the members that there are no employee(s) in the Company who are in receipt of remuneration exceeding the limits specified under Rule 5 (2) of Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014.

DETAILS OF APPLICATION MADE OR PROCEDDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016:

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

LISTING OF SHARES AND FEES:

The Equity Shares of the Company are listed on the BSE Limited (BSE) with scrip code No. 511609 & security id: ISLCONSUL. The Company confirms that the annual listing fee to the stock exchange for the financial year 2026-27 has been paid.

ACKNOWLEDGEMENT:

Your Directors wish to place on record their sincere appreciation for the dedication, commitment, and collective efforts of the employees, workmen, and management team at all levels, whose continued support and unwavering commitment have significantly contributed to the Companys performance and sustainable growth during the financial year.

The Board also expresses its deep gratitude to the Independent Directors and Non-Executive Directors for their valuable guidance, constructive insights, professional expertise, and strategic counsel, which have played an instrumental role in strengthening the Companys governance framework and supporting its long-term growth objectives.

Your Directors gratefully acknowledge the continued confidence, trust, and support extended by the Members of the Company and remain committed to creating sustainable value for all stakeholders.

The Board further conveys its sincere thanks to the Companys customers, clients, bankers, financial institutions, business associates, suppliers, vendors, regulators, government authorities, stock exchanges, depositories, and all other stakeholders for their continued cooperation, confidence, and encouragement. The Directors look forward to their continued support in the years ahead as the Company pursues its vision of sustainable growth and value creation.

Place: Ahmedabad	Fo r a n d o n b e h alf of the Board of Directors
Date: August 31, 2026	ISL Consulting Limited

 

Regd. Office : 504, 5th Floor, Priviera, Nr. Bank of Baroda, Above Honda Show room, Nehrunagar Circle, Ahmedabad, Gujarat, 380015	Ankit Jagat Shah	Reema Ankit Shah
	Managing Director	Director
	(DIN: 02695987)	(DIN: 02698529)
CIN:L67120GJ1993PLC086576
Ph : 6354541024, 079-40030351/2
Email:- innogroup@gmail.com
Website:- www.islconsulting.in