Jamna Auto Industries Ltd Directors Report

Dear Members,

The Directors are pleased to present the Companys 60th Annual Report together with the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026.

Financial Results-An Overview

(H in crore)

	Standalone		Consolidated
Particulars	Year Ended March 31, 2026	Year Ended March 31, 2025	Year Ended March 31, 2026	Year Ended March 31, 2025
Net Sales	2538.52	2211.85	2611.58	2270.14
PBDIT	411.97	332.83	405.40	307.46
Finance cost	12.70	4.11	13.16	4.56
PBDT	399.27	328.82	389.24	302.91
Depreciation	52.53	44.39	60.60	47.15
PBT	346.73	284.34	331.63	255.75
Provision for current tax	92.32	72.02	94.27	73.87
Provision for deferred tax	(5.98)	1.19	(5.49)	1.57
PAT	249.24	211.13	230.97	180.32
Other Comprehensive Income	1.63	(0.31)	1.80	0.01
Total Comprehensive Income	250.88	210.82	232.77	180.33
Balance brought forward	792.48	673.38	729.75	641.14
Payment/Provision of dividend including tax	83.76	91.73	83.76	91.73
Retained Earning	956.54	792.48	874.8	729.75

Companys Performance

The Company continued to strengthen its market position during the year and achieved consolidated revenue of H 2611.58 crore, with EBITDA of H 405.40 crore and PBT of Rs 319.74 crore. While the previous year recorded consolidated revenue of H 2270.14 crore, EBITDA of H 307.46 crore and PBT of H 255.75 crore, the performance of year under review reflects the Companys focus on operational resilience, cost discipline and efficiency improvements in a dynamic business environment.

During the year, the Company continued to make steady progress under its strategic initiative "Lakshya RISE 5000", with a focus on strengthening operational efficiencies, enhancing capabilities and building scale. These initiatives are expected to support improved performance and drive sustainable growth in the coming years.

A detailed analysis of the Companys operational performance, market environment and financial position is provided in the Management Discussion and Analysis section forming part of this Annual Report. Members are requested to refer to the Management Discussion and Analysis section for detailed information.

The consolidated financial statements of the Company and its subsidiaries, forming part of this Annual Report, have been prepared in accordance with the applicable accounting standards and the requirements of Section 129 of the Companies Act, 2013. The audited standalone financial statements, along with the financial statements and related documents of each subsidiary, are available on the Companys website at https://www.jaispring.com/annual-and-financial-report-financial.aspx?financial-year=2025-2026.

Change in the Nature of Business

There was no change in the nature of business of the Company and its subsidiaries during the year under review.

Material Changes and Commitments

There have been no material changes or commitments affecting the financial position of the Company between the end of the financial year and the date of this report.

Details of Significant and material orders passed by the Regulators, Courts and Tribunals.

As on the date of this report, there are no applications pending against the Company under the Insolvency and Bankruptcy Code, 2016. Further, the Company has not filed any application under the Insolvency and Bankruptcy Code. No significant or material orders have been passed by any Regulators, Courts, or Tribunals which may impact the going concern status of the Company or its future operations.

Transfer to Reserves

During the FY 2025-26, H 250.82 Lacs were transferred to general reserves.

Share Capital and Stock Options

The Company continues to administer the Employee Stock Option Scheme, 2017, pursuant to which stock options have been granted to its employees. During the year under review, 806750 equity shares of H1 each were allotted to eligible employees upon exercise of stock options.

A certificate from the Secretarial Auditors confirming that the Scheme has been implemented in accordance with the provisions of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 ("SEBI ESOP Regulations, 2021") will be placed before the members at the ensuing Annual General Meeting.

The disclosures as required under the SEBI ESOP Regulations, 2021 and the Companies (Share Capital and Debentures) Rules, 2014 are provided in Annexure-1 forming part of this Report. The Company has not issued any sweat equity shares or equity shares with differential voting rights during the year under review and, accordingly, the disclosure requirements under the aforesaid Rules are not applicable.

Dividend and Dividend Distribution Policy

The Board of Directors has recommended a final dividend of H1.50 per equity share of H 1 each for the financial year 2025–26 to the shareholders for approval at the ensuing Annual General Meeting. The final dividend, together with the interim dividend of H 1.00 per equity share paid during the year, results in a total dividend of H 2.50 per equity share, representing 43.3% of the profit after tax and aligned with the Companys "Lakshya RISE 5000" plan.

The dividend declared is in line with the Companys dividend distribution policy, which is available on its website at https:// www.jaispring.com/assets/images/investors-relations/corporate-governance/Dividend-Policy.pdf.

Subsidiaries, Joint Ventures and Associates

During the year under review and up to the date of this report, there has been no change in the Companys subsidiaries. The Company continues to have three subsidiaries, viz., Jai Suspensions Limited and Jai Automotive Components Limited, both wholly owned subsidiaries, and Jai Suspension Systems Private Limited, in which the Company holds a 99.9985% shareholding.

The statement containing the salient features of the financial statements of the subsidiaries in Form AOC-1 forms part of this Report as Annexure-2. The Policy on Material Subsidiaries is available on the Companys website.

The Company does not have any associate companies or joint ventures.

Particulars of Loans, Guarantees or Investments

The particulars of loans given, guarantees provided, and investments made by the Company, as covered under Section 186 of the Companies Act, 2013, have been disclosed in notes to the financial statements.

Related-Party Transactions

The Company ensures that all related party transactions are undertaken in compliance with applicable laws and regulations and in accordance with its Policy on Related Party Transactions. During the year under review, such transactions were primarily with the Companys subsidiaries and, other than remuneration, no transactions were entered into with any person or entity belonging to the promoter or promoter group. The Audit Committee oversees and monitors these transactions, including granting omnibus approvals for transactions of a repetitive nature, which are reviewed periodically.

All related party transactions were carried out in the ordinary course of business and on an arms length basis. The disclosures as required under the Companies Act, 2013 are provided in Form AOC-2, forming part of this Report as Annexure-3. Transactions with Jai Suspension Systems Private Limited, being material related party transactions, will be placed before the members for approval at the ensuing Annual General Meeting.

Board of Directors and Meetings

The composition of the Board of Directors of the Company, comprising executive, independent and women directors, is in compliance with the provisions of the Companies Act, 2013 and the SEBI Listing Regulations. None of the Directors are disqualified from being appointed or continuing as Directors in terms of Section 164(2) of the Companies Act, 2013. The Independent Directors have furnished declarations confirming that they meet the criteria of independence, and there has been no change in their status during the year.

During the year under review, there was no change in the composition of the Board, except for the re-appointment of Mr. R. S. Jauhar (DIN: 00746186) as Chairman & Executive Director for a further term of three years effective January 01, 2026.

Mr. Gautam Mukherjee (DIN: 02590120) was appointed as an Independent Director on the Board of the Company with effect from May 31, 2021, for a term of five consecutive years. His initial term will expire on May 30, 2026. The Nomination and Remuneration Committee and the Board of Directors after evaluating his skills, experience and knowledge recommended his re-appointment as an Independent Director of the Company for a second consecutive term of five years commencing from May 31, 2026 up to May 30, 2031.

The Board met four times during the year, and the details relating to Board composition, attendance of Directors and meetings of the Board and its Committees are set out in the Corporate Governance Report forming part of this Annual Report.

Pursuant to the provisions of the Companies Act, 2013, Mr. S P S Kohli (DIN01643796) retires by rotation at the ensuing Annual General Meeting and, being eligible, has offered himself for reappointment. The Board recommends his re-appointment.

Committees of the Board

As part of its governance framework, the Board has constituted various Committees to oversee key operational and strategic areas, in compliance with applicable statutory and regulatory requirements under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Each Committee functions in accordance with its defined scope and responsibilities.

Details relating to the composition of the Committees, meetings held during the year under review, attendance of Directors at Committee meetings and other relevant information are provided in the Corporate Governance Report forming part of this Annual Report. During the year under review all recommendations made by the Committees to the Board of Directors have been accepted by the Board.

Board Evaluation

Pursuant to the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board carried out an annual evaluation of its own performance, as well as that of its Committees and individual Directors, including the Chairman.

The evaluation of the Board as whole covered key aspects such as Board composition and diversity, quality of deliberations, effectiveness of meetings, adequacy of information flow, strategic guidance, financial oversight and governance practices. The performance of individual Directors was assessed based on their participation, contribution to decision-making, independence, professional competence and discharge of responsibilities. The performance of the Chairman was evaluated with respect to his leadership, conduct of meetings and ability to facilitate effective decision-making.

A separate meeting of the Independent Directors was held on March 14, 2026 wherein the performance of the Board, the Chairman and non-independent Directors was reviewed. The Independent Directors expressed their satisfaction with the overall functioning of the Board and the quality of information provided by the management for effective decision-making.

Nomination and Remuneration Policy

The Company has adopted a Nomination and Remuneration Policy in accordance with the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to govern the appointment, evaluation and remuneration of Directors, Key Managerial Personnel and Senior Management. The Policy aims to ensure a fair, transparent and merit-based process for the selection of individuals to leadership roles, and to establish a framework for determining remuneration aligned with responsibilities and performance. The Nomination and Remuneration Policy is available on the Companys website at https://www.jaispring.com/assets/images/investors-relations/ corporate-governance/NRC-Policy.pdf.

Employees holding positions at the level of President (Level "O"), along with the Chief Financial Officer and the Company Secretary, are considered as Senior Management Personnel. There were no changes in the Key Managerial Personnel of the Company during the year under review.

It is confirmed that none of the Directors or Senior Management Personnel receive any remuneration or commission from the Companys subsidiaries.

Particulars of Remuneration

The information as required in accordance with Section 197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is given in Annexure-4 forming part of this report.

As per the provisions of Section 136(1) of the Act, the Annual Report and the Accounts are being sent to all the members of the Company, excluding the information required under Section 197(12) of the Act read with Rule 5(2) and 5(3) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Any member interested in obtaining such information may write to the Company Secretary at the Registered Office. The said information is also available for inspection at the Registered Office during working hours up to the date of the ensuing Annual General Meeting.

Directors Responsibility Statement

Pursuant to Section 134 (3) (c) of the Act, the Board of Directors, to the best of their knowledge and ability, confirm that:

a) In preparation of the annual accounts for the financial year ended on March 31, 2026, the applicable accounting standards have 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 and loss of the company for that period.

c) The directors had 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.

d) The directors had prepared the annual accounts on a going concern basis.

e) The directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and operating effectively.

f) The directors had devised proper systems to ensure compliance of the provisions of all applicable laws and that such systems were adequate and operating effectively.

Statutory Auditors and Reports

M/s Price Waterhouse Chartered Accountants LLP (Firm Registration No. 012754N/N500016), Chartered Accountants, are the Statutory Auditors of the Company and its three subsidiaries. This ensures a consistent, coordinated and integrated audit approach across the Group, with alignment in audit methodology, risk assessment and reporting, and supports effective oversight and communication with Those Charged with Governance in line with applicable regulatory requirements.

The Board of Directors has been identified as Those Charged with Governance (TCWG) in accordance with the provisions of the Companies Act, 2013 and the applicable Standards on Auditing. The Audit Committee functions as a sub-group of the Board for focused oversight of financial reporting, internal controls and audit matters. In line with the framework for effective two-way communication prescribed by the National Financial Reporting Authority(NFRA),theCompanyhasdesignatedMrs.RashmiDuggal and Mr. SPS Kohli as nodal officers on behalf of TCWG to facilitate structured, timely and appropriately documented communication with the Statutory Auditors throughout the audit cycle.

The Statutory Auditors have confirmed that they continue to satisfy the criteria of independence and eligibility as prescribed under the Companies Act, 2013 and the Code of Ethics issued by the Institute of Chartered Accountants of India.

The report of the Statutory Auditor forms part of this Integrated Report and Annual Accounts FY 2026. The said report does not contain any qualification, reservation, adverse remark or disclaimer.

During the year under review, the Statutory Auditors have not reported any instances of frauds committed in the Company by its officers or employees to the Audit Committee under Section 143(12) of the Act, details of which need to be mentioned in this Report.

The Statutory Auditors have identified the assessment of the carrying value of investments in subsidiaries i.e. Jai Suspensions Limited and Jai Automotive Components Limited as a Key Audit Matter, as the net worth of these subsidiaries remained below the carrying value of the Companys investments primarily due to losses incurred during the project implementation and capitalisation phase.

The losses incurred by subsidiaries represent interest components on loan given to subsidiaries by the Company. Further, during the year, both these subsidiaries have commenced commercial production and the Board expects these subsidiaries to progressively ramp up operations and generate revenues in the coming years.

Secretarial Audit and Reports

Pursuant to the provisions of Section 204 of the Companies Act, 2013, M/s RSM & Co., Practicing Company Secretaries, were appointed to conduct the Secretarial Audit of the Company. The Secretarial Audit for the FY 2025-26 has been duly carried out by them.

The Secretarial Audit Report forms part of this Report and is annexed as Annexure-5. The said report does not contain any qualification, reservation, adverse remark or disclaimer.

Cost Auditor and Reports

In accordance with the provisions of Section 148 of the Companies Act, 2013, the Company was appointed M/s Jangira & Associates, Cost Accountants, to carry out the Cost Audit for the financial year 2025–26. Based on the recommendation of the Audit Committee, the Board has approved the re-appointment of M/s Jangira & Associates as Cost Auditors for the FY 2026-27. The remuneration proposed to be paid to the Cost Auditors is subject to the ratification by the members at the ensuing Annual General Meeting.

The Company has duly maintained cost records as required under the provisions.

Internal Financial Control

The Company continues to maintain a robust internal control framework to safeguard assets, ensure the accuracy and completeness of accounting records, and prevent and detect frauds and errors. This framework is reinforced through well-defined policies, procedures and system-driven controls embedded within the ERP environment, ensuring efficiency, reliability and timeliness of financial reporting.

The Internal Audit function is carried out by M/s Protiviti Global Business Consulting, who conduct concurrent audits across the Company and its subsidiaries and report directly to the Audit Committee.

During the year under review, the Company further strengthened its IT infrastructure and cybersecurity framework in collaboration with its Cyber Controls Implementation Partner, PKF Algosmic. The Company enhanced its cyber security posture through improved system architecture, advanced threat detection mechanisms and strengthened data protection protocols. The RAMCO ERP system is now fully integrated across all group locations, including the newly migrated units, enabling seamless operations and supporting real-time banking integration, DMS connectivity for over 350 distributors and ASRS-based warehousing operations, with no security incidents reported during the year.

Credit Rating

The Companys credit ratings continue to reflect its strong financial position and liquidity profile. CARE Ratings Limited reaffirmed the Companys long-term rating to CARE AA (Stable) on March 13, 2026. Subsequently, ICRA Limited upgraded the Companys rating to [ICRA]AA (Stable) on April 15, 2026.

CARE Limited	Rating Upgradation on 13 March 2026	Rating	Rating Action
	Long Term Bank Facilities	CARE AA; Stable	Reaffirmed
	Long Term/Short Term Bank Facilities	CARE AA; Stable /CARE A1+	Assigned
ICRA Limited	Rating assigned on April 15, 2026	Rating	Rating Action
	Long-Term Fund-based Term Loan	[ICRA]AA (Stable)	Upgraded from [ICRA] AA- (Positive) and outlook revised to Stable from Positive
	Long-Term/Short-Term Fund based/Non- fund based working capital	[ICRA]AA ; Stable/ [ICRA]A1+	Long term rating upgraded from [ICRA]AA- (Positive) and outlook revised to Stable from Positive and Short-term rating reaffirmed
	Commercial Paper	[ICRA]A1+;	Reaffirmed

The credit ratings reaffirm the Companys strong credit profile and reflect its adequate financial liquidity to meet its business requirements.

Business Responsibility and Sustainability Report

In accordance with Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has prepared the Business Responsibility and Sustainability Report ("BRSR"), detailing its performance against the nine principles of the National Guidelines on Responsible Business Conduct for the FY 2026.

The CSR & ESG Committee monitors the Companys ESG performance, with emphasis on responsible resource utilization, reduction of environmental impact and strengthening governance practices. Business Responsibility and Sustainability Report in terms of the provisions of Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 forms an integral part of this report and annexed as Annexure-6.

Management Discussion & Analysis

In compliance with Regulation 34 of the SEBI Listing Regulations, the Management Discussion and Analysis Report for the financial year ended March 31, 2026, is presented in a separate section. The report provides a detailed analysis of Companys performance and operations during the year under review.

Corporate Governance

The Company considers corporate governance as a fundamental pillar for achieving sustainable growth and enhancing long-term stakeholder value. The Board of Directors provides strategic direction and ethical leadership, ensuring that all decisions and actions are aligned with the Companys core values of integrity, transparency and accountability.

To enable focused supervision of key functional areas, the Board operates through various Committees constituted in accordance with the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These Committees function within clearly defined terms of reference and play a critical role in strengthening governance and decision-making processes. Companys corporate governance framework comprises defined policies, procedures and systems designed to promote responsible business conduct and effective oversight.

During the financial year under review, the Company has complied with all mandatory requirements of corporate governance as prescribed under applicable laws and regulations. The Auditors Certificate on Corporate Governance, confirming compliance with the applicable provisions of the SEBI Listing Regulations, forms part of this Annual Report as Annexure-7. The certificate does not contain any qualifications, adverse remarks or reservations.

During the year under review, the Company has complied with all applicable Secretarial Standards issued by the Institute of Company Secretaries of India.

Annual Return

In accordance with Section 134(3)(a) and Section 92(3) of the Act, the Annual Return of the Company is available on the website of the Company at https://www.jaispring.com/annual-return.aspx.

Transfer to Investor Education and Protection Fund (IEPF)

Pursuant to the provisions of Section 124 of the Companies Act, 2013 read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, the Company has transferred to the Investor Education and Protection Fund ("IEPF") the dividends that remained unclaimed for a period of seven years. Corresponding equity shares, in respect of which dividends had not been claimed for seven consecutive years, were also transferred to the IEPF. The details of such transfers made during the year under review are as follows:

Financial Year	Dividend Declaration Date	Amount Transferred to IEPF	Number of Equity Shares Transferred to IEPF
FY 2017-18 (Final)	28 Sep, 2018	H 24,46,962.10	2,17,002 shares
FY 2018-19 (Interim)	12 Nov, 2018	H 23,25,172.00	75,352 shares
FY 2024-25 (Final)	25 Sept, 2025	H 59,24,618.70	-
FY 2025-26 (Interim)	12 Nov, 2025	H 52,08,283.60	-

Members whose dividends and corresponding shares have been transferred to the IEPF may claim the same by following the prescribed procedure under Form IEPF-5, available on the website of the IEPF Authority.

Corporate Social Responsibility (CSR)

The Company is committed to balancing economic growth with social equity and environmental sustainability. The Boards CSR & ESG Committee guides and oversees the Companys Corporate Social Responsibility ("CSR") and Environmental, Social and Governance ("ESG") initiatives. The Companys CSR activities are undertaken with a focus on fostering inclusive and sustainable development. The Corporate Social Responsibility Policy, outlining the Companys focus areas and project selection criteria, is available on the Companys website.

During the year under review, the Company continued to undertake CSR initiatives in key areas such as education, healthcare and environmental conservation. The details of CSR activities undertaken during the FY 2026 are provided in the Report on Corporate Social Responsibility (CSR) Activities, prepared in accordance with Section 135 of the Companies Act, 2013, and annexed as Annexure-8 forming part of this Annual Report.

Energy Conservation, Technology Absorption & Foreign Exchange

The details of conservation of energy, technology absorption, and foreign exchange earnings and outgo, required under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014, are provided in Annexure – 9 and forms part of this Report.

Risk Management Policy

The Company adopts a holistic approach to risk identification, encompassing both financial and non-financial risks. The Board has established a Risk Management Policy to identify, assess, and mitigate threats that may impact Companys business operations and strategic objectives. The Policy provides a comprehensive framework for proactive risk management, enabling the Company to navigate a dynamic business environment with resilience and stability. The Risk Management Policy is available on the Companys website at https://www.jaispring.com/assets/images/ investors-relations/corporate-governance/RM-Policy.pdf.

The Risk Management Committee of the Board oversees the implementation of the Risk Management Policy and provides recommendations to the Board to strengthen mitigation efforts and minimize potential disruptions. The Company continues to foster a risk-aware culture across the organization, ensuring that risk assessment is deeply embedded in both operational and strategic decision-making processes.

Through continuous monitoring and a structured management approach, the Company remains well-positioned to address emerging challenges and sustain long-term growth while consistently safeguarding stakeholder interests.

Vigil Mechanism / Whistle Blower

The Company is committed to maintaining the highest standards of ethical, moral and legal conduct in all its business operations. Companys Vigil Mechanism provides a secure and transparent channel for directors, employees and other stakeholders to report genuine concerns relating to unethical behaviour, actual or suspected fraud or violation of the Companys Code of Conduct.

The mechanism covers a wide range of matters, including breaches of the Code of Conduct, financial irregularities, non-compliance with applicable laws and regulations, misuse of Unpublished Price Sensitive Information (UPSI) and any actions that may adversely impact the Companys operations or reputation. The Vigil Mechanism provides for adequate safeguards against victimization of persons who use the mechanism and ensures confidentiality of the identity of the whistleblower. It also provides for direct access to the Chairperson of the Audit Committee in appropriate or exceptional cases.

The Whistle Blower Policy, detailing the reporting and investigation procedures, is available on the Companys website at https://www. jaispring.com/assets/images/investors-relations/Disclosures-under-Regulation-46-LODR/Whistle-Blower-Mechanism.pdf During the financial year 2025–26, two complaints were received, investigated and closed under the mechanism.

IPR

The Company owns two patents, namely (i) Air Suspension System and (ii) Air Suspension Systems for Trailers. During the year under review, the Company has applied for a new patent titled "A Stepped Collar Assembly to Prevent Bolt Failure in Heavy

Commercial Vehicle Systems." Further, the Company has also filed an additional application for grant of patent in respect of its existing patent Air Suspension Systems for Trailer. The application for getting Well Known status of its Trademark is pending at approval stages. The Company also holds copyrights in over 140 product designs, and its trademark "JAI" is registered across 16 countries globally.

Disclosure under Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013

The Company is committed to fostering a safe, inclusive and respectful work environment where every individual is treated with dignity. In line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, the Company has constituted an Internal Complaint Committee to address complaints, if any, in a fair, timely and confidential manner under its Policy on Prevention of Sexual Harassment, which is available on the Companys website at https://www.jaispring.com/assets/images/investors-relations/ corporate-governance/POSH-Policy.pdf.

The Internal Committee functions in accordance with the prescribed statutory guidelines and ensures that all complaints are handled with due impartiality and in compliance with the principles of natural justice. The Company continues to strengthen its POSH framework through regular awareness and sensitization programmes aimed at promoting ethical conduct and reinforcing a culture of mutual respect across the organization.

During the FY 2026 following are the details: -

(a) number of complaints of sexual harassment received in the year; 1

(b) number of complaints disposed off during the year;1

(c) number of cases pending for more than ninety days:0

The Company remains committed to maintaining a workplace free from harassment and discrimination.

Other Statutory Disclosures

1. The Company has not accepted any public deposits within the meaning of the Companies (Acceptance of Deposits) Rules, 2014. Accordingly, no amount relating to principal or interest on public deposits was outstanding as on the date of the Balance Sheet.

2. The disclosure requirement pertaining to the difference in valuation at the time of one-time settlement and the valuation while availing loans from banks or financial institutions is not applicable to the Company.

3. The Company has complied with the provisions of Maternity Benefit Act, 1961 during the year under review.

Appreciation

The Board of Directors extends its heartfelt thanks and deep appreciation to all employees for their hard work, unity, cooperation, and unwavering dedication throughout the past year. The Board also expresses its sincere gratitude to customers, shareholders, suppliers, bankers, business partners, regulators, and government agencies for their continued trust and support.

	For and on behalf of the Board of Directors
Place: New Delhi	Randeep Singh Jauhar
Date: 29 May, 2026	Chairman and Executive Director