Jhaveri Credits & Capital Ltd Directors Report

To, The Members of HAVER I CREDITS AND CAPITAL LIMITED

The Directors take pleasure In presenting the Thirty-Second (32^) Annual Report of the Jhaveri Credits and Capital Limited ("the Company or CCl) together with the Audited Financial Statements for the Financial Year ended March 31, 2026, and other accompanying reports, notes, and certificates. The Consolidated performance of the Company and its subsidiary has been referred to whenever required.

FINANCIAL PERFORMANCE

The Audited Financial Statements of the Company as on March 31, 2026, are prepared in accordance with the relevant applicable Ind AS and Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SE8I Listing Regulations) and the provisions of the Companies Act, 2013 ("Act*).

The summarized financial highlight is depicted below:

FINANCIAL RESULTS AND APPROPRIATIONS	STANDALONE		CONSOLIDATED
	2025-26*	2024-25*	2025-26*	2024-25*
Income
Income from Operations	11,121.09	9.069.63	11,121.09	9,069.63
Other Income	759.16	475.28	759.16	475.28
Total Income	11,880.25	9,544.91	11380.25	9,544.91
Expenses
Purchases of stock - in-trade and investment	9,872.44	8,641.83	9,872.44	8,641.83
Change in Inventories of stock in trade	730.98	(284.66)	730.98	(284.66)
Finance Costs	40.09	11.49	40.09	11.49
Fees and Commission Expenses
Employee Benefits Expenses	424.48	396.82	424.48	396.82
Depreciation, amortization and impairment	204.30	82.30	204.30	82.30
Other expenses	361.22	303.45	361.22	303.45
Total Expenses	11,633.51	9,151.22	11,633.51	9,151.22
ProfIt/(Loss) before Exceptional Items & Tax Expenses	246.74	393.69	246.74	393.69
Exceptional Items	(84.92)	0	(84.92)	0
Profit /(loss) before tax	161.82	393.69	161.82	393.69
Tax Expense	(33.48)	62.35	(33.48)	62.35
Current Tax	69.95	111.37	69.95	111.37
Deferred Tax	(46.64)	(5.97)	(46.64)	(5.97)
Adjustment of tax relating to earlier periods	(56.79)	(43.06)	(56.79)	(43.06)
Prof!t/(Loss) for the period	195.30	331.35	195.30	331.35
Other comprehensive income
Total Other Comprehensive Income	(14.73)	0	(14.73)	0
Total Comprehensive Income for the period	(14.73)	0	(14.73)	0
Paid up equity share capital (Face Value Rs. 10 per share)	1110.20	1060.20	1110.20	1060.20
Earnings Per Equity Share (Basic) (in Rs.)	1.66	3.13	1.66	3.13
Earnings Per Equity Share (Diluted) (in Rs.)	1.66	3.13	1.66	3.13

•Figures are restated as per Ind AS for approval of the Scheme of Amalgamation.

RESULTS OF OPERATIONS & STATE OF COM PANTS AFFAIRS Standalone & Consolidated Financial Results:

During the financial year 2025-26, the Company has earned, on standalone and consolidated basis, revenue from Operations of " 121.09 lakhs as compared to *9,069.63 lakhs In FY 2024-25, registering a growth of approximately 22.62%. The Companys Profit After Tax (PAT) stood at *195.30 lakhs, maintaining stable profitability levels.

CAPITAL STRUCTURE OF THE COMPANY Authorised share capital

During the year under review, the Authorised share capital of the company Is increased from Rs. 15,00,00,000/- divided Into 1,50,00,000 Equity shares to Rs 18,50,00,000/- divided into 1,85,00,000 Equity shares. The aforesaid change in Authorised Share Capital of the Company is pursuant to approved Scheme of Amalgamation between the Company and U R Energy (India) Private Limited, wherein Authorised Share Capital of the U R Energy (India) Private Limited is consolidated in to Authorised Share Capital of the Company.

Paid-up share capital

During the year under review, your Company has issued equity shares of Rs. 50,00,000/- divided into 5,00,000 equity shares of Rs. 10 each pursuant to conversion of warrants. Accordingly, the paid-up share capital of the company is increased from Rs. 8,98,59,360/- divided into 89,85,936 equity shares to Rs. 9,48,59,360/- divided into 94,85,936 equity shares of the Company.,

Further pursuant to approved scheme of Amalgamation between the Company and U R Energy (India) Private Limited, the Company has issued 16,16,088 equity shares In share exchange ratio, post allotment the Paid-up Share Capital of the Company Is Rs 11,10,20,240/- divided into 1,11,02,024 equity shares of Rs 10 each.

DIVIDEND

Your directors do not recommend any dividend for the year ended on March 31, 2026, In view of conservation of the resources.

TRANSFER TO RESERVES

The Board of Directors of the Company has not transferred any amount to the Reserves for the period ended March 31,2026.

SUBSIDIARIES, JOINT VENTURES OR ASSOCIATE COMPANIES

During the year, pursuant to effectiveness of the approved Scheme of Amalgamation of the Company with U R Energy (India) Private Limited, URE U.C -USA, becomes subsidiary of the Company. The details of subsidiary Is mentioned in Aoc-1 Is appended as Annexure-I to the Board report.

MATERIAL CHANGES BETWEEN THE DATE OF BOARD REPORT AND END OF FINANCIAL YEAR

There are no material changes and commitments affecting the financial position of the Company between the end of the financial year and date of the report.

Mergers / demergers / amalgamation / restructuring:

During the year under ended March 31, 2026, Honble NCLT Ahmedabad 8ench, vide its Order dated March 16, 2026 has approved Scheme of Amalgamation of U R Energy (India) Private Limited with Jhaveri Credits and Capital Limited effective from April, 01,2026. The effect of scheme was accounted for in the books of account in accordance with the scheme and accounting standards

MEETINGS OF THE BOARD

10 (Ten) Meetings of the Board of Directors were held during the year. The particulars of the meetings held and attended by each Director are detailed in the Corporate Governance Report.

COMMITTEES OF THE BOARD

Details of various committees constituted by the Board of Directors as per the provision of the SE8I Listing Regulations and the Companies Act, 2013 are given in the Corporate Governance Report which forms part of this Annual Report.

AUDIT COMMITTEE

As on March 31, 2026, The Audit Committee comprises Mr. Jayeshkumar Patel (Chairman), Mr. Shaunak Mandalia (Member) and Mr. Vishnukumar Patel (Member). During the year, all the recommendations made by Audit Committee were accepted by the Board.

MEETING OF INDEPENDENT DIRECTORS

Meeting of the Independent Directors of the Company was held on March 30, 2026 wherein all the independent directors were present.

ANNUAL RETURN

The Draft Annual Return of the Company as on March 31,2026 is available on the Companys website and can be accessed at www.jhavericredits.com.

MATERNITY BENEFIT

The Company has complied with the provisions of the Maternity Benefit Act, 1961.

DIRECTORS RESPONSIBILITY STATEMENT

As stipulated In Section 134(3)(c) read with sub-section (S) of the Companies Act, 2013, to the best of their knowledge and ability state that:

a) In the preparation of annual accounts for the year ended March 31, 2026, the applicable accounting standards have been followed along with proper explanation relating to material departures, if any;

b) The Directors have 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 as at March 31,2026 and of the profit of the Company for the year ended on 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 the Internal financial controls to be followed by the Company and that such Internal Financial Controls arc adequate and arc operating effectively; and

f) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Directorate:

As of March 31, 2026, your Companys Board had Four members comprising of Two Non-Exccutivc (Non- Independent) Directors and Two Independent Directors. The Board has one woman Director. The details of 8oard and Committee composition, tenure of Directors, areas of expertise and other details are available In the Corporate Governance Report, which forms part of this Annual Report.

Mr. Ghandhyambhai Hargovindbhal Engineer was appointed as Managing Director of the Company and Ms. Chetna Rahul Vyas was also appointed as Independent Oirector of the Company w.c.f. April 02, 2026.

The members of the Board of Directors of the Company are of proven competence and integrity. Besides having financial literacy, experience, leadership qualities and the ability to think strategically, the Directors have a significant degree of commitment to the Company and devote adequate time for the meetings, preparation and attendance.

Appolntments/Re-appoIntmerrts

During the year Mr. Pranav Patel resigned as an Independent Director of the Company with effect from September 25, 202S due to increasing commitment in personal business. Mr. Parcshkumar Patel resigned as an Independent Director of the Company with effect from February 11, 2026 due to increase in commitment and unable to devote the necessary time and attention required to effectively discharge the responsibilities of an Independent Director.

The Board placed on record Its appreciation for the valuable services rendered by Mr. Pranav Patel and Mr. Pareshkumar Patel as an Independent Directors of the Company.

The Board of Directors based on the recommendation of the Nomination and Remuneration Committee, recommended appointment of Mr. Jayeshkumar Madhavlal Patel (DIN: 00473443) as an Independent Director of the Company for a term of 5 (five) consecutive years with effect from September 24,2025.

Mr. Bhumit Patel resigned as Director of the Company with effect from January 01, 2026 due to preoccupancy and engagements in various professional assignments and social activities.

The 8oard of Directors based on the recommendation of the Nomination and Remuneration Committee also approved change in Designation of Mr. Vishnukumar Vitthaldas Patel from Managing Oirector to Non-Executive Director of the Company with effect from February 11, 2026.

After the closure of the financial year as on March 31, 2026, Mr. Ghandhyambhai Hargovindbhai Engineer was appointed as Managing Director of the Company and Ms. Chetna Rahul Vyas was also appointed as Independent Director of the Company with effect from April 02,2026.

The 8oard has also approved with effect from April 02, 2026, Change in Designation of Mr. Vishnukumar Vitthaldas Patel from Non- Executive Director to Chairman and Non-Executive Director of the Company and change in Designation of Ms. Bijal Kiran Parikh from Non- Executive to Executive Director of the Company.

All the above Appointments and change in Designation were duly approved by the Shareholders of the Company by postal ballot on May 08,2026.

Retirement By Rotation

In accordance with the provisions of Section 152 of the Act, read with rules made thereunder and Articles of Association of the Company, Mr. Vishnukumar Vitthaldas Patel (DIN: 02011649) retires by rotation at the ensuing AGM and being eligible offers herself for re-appointment.

Brief details of Mr. Vishnukumar Vitthaldas Patel proposed to be re-appointed as required under Regulation 36 of the SE8I (Listing Obligations and Disclosure Requirements) Regulations, 2015 are provided in the Notice of Annual General Meeting.

8. KEY MANAGERIAL PERSONNEL

As of March 31, 2026, your Companys Board has following Key Managerial Personnel:

Mr. Vishnukumar Patel - Managing Director*

Mr. Ghanshyambhai Hargovindbhai Engineer - Managing Director¹

Ms. Vrunda Dattani - Company Secretary & Compliance officer¹

Mr. Parth Sanghavi - Chief Financial Officer⁴

Mr. Gaurav Shrimankar - Company Secretary & Compliance officer¹

Ms. Vrunda Dattani resigned as Company Secretary & Compliance officer w.e.f. July 06, 2025 due to personal and professional aspirations. Further, based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company appointed Mr. Gaurav Shrlmankar as Company Secretary & Compliance officer w.e.f. September 24,2025.

Mr. Parth Sanghavi resigned as CFO w.c.f. March 13, 2026 due to personal and professional Commitment. POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION

The Nomination and Remuneration Policy for Directors, Key Managerial Personnel and other employees sets out the guiding principles for the Nomination and Remuneration Committee for recommending to the Board the remuneration of the Directors, Key Managerial Personnel and other employees of the Company. The policy is available on the Companys website at

https://jhavericredits.com/download/Statutory/Nomln3tion8iRemuneratlonPolicy_JCCLpdf

INDEPENDENT DIRECTORS

The Company has received declarations from all the Independent Directors of the Company confirming that a) they meet the criteria of independence prescribed under the Act and the Listing Regulations and b) they have registered their names in the Independent Directors Databank. The 8oard is of the opinion that all the Independent Directors of the Company strictly adhere to corporate Integrity, possesses requisite expertise, experience and qualifications to discharge the assigned duties and responsibilities as mandated by the Companies Act, 2013 and Listing Regulations diligently.

The Policy for selection of Directors and determining Directors independence sets out the guiding principles for the Nomination and Remuneration Committee for Identifying persons who are qualified to become Directors and to determine the Independence of Directors, in case of their appointment as Independent Directors of the Company. The Policy also provides for the factors in evaluating the suitability of individual 8oard members with diverse background and experience that are relevant for the Companys operations. The said policy Is put up on the Companys website and can be accessed at https://jhavcricrcdrts.com/download/Statutory/T8iCofAppointmcntoflOs_JCCLpdf

The Board is of the opinion that all the Independent Directors of the Company strictly adhere to corporate integrity, possesses requisite expertise, experience and qualifications to discharge the assigned duties and responsibilities as mandated by the Companies Act, 2013 and Listing Regulations diligently.

CYBER FRAUD INCIDENT AND MEASURES TAKEN

U R Energy (India) Private Limited (merged entity with the Company) was a victim of cyber fraud involving through fraudulent WhatsApp communication pursuant to impersonation of one of the Directors resulting in a financial exposure of Rs.90.00 lakhs. U R Energy (India) Private Umlted was promptly reported to the appropriate authorities and subsequently registered an FIR with the Cyber Crime Police Station, Ahmcdabad City, on 17 October 2025 to recovery of the amount involved.

Following to the investigation, Rs.5.08 lakhs were frozen by the Investigating authorities and has been directed to be released and remitted to the Companys bank account pursuant to the order of the competent court, subject to prescribed formalities. The balance amount of Rs.84.92 lakhs remain unrecovered and is subject to ongoing Investigation and recovery proceedings.

This has recognised the unrccovcred amount as an exceptional item in the Statement of Profit and Loss for the year. (Refer Note 47 to the financial statements)

INTERNAL FINANCIAL CONTROLS

The Company has in place adequate internal financial controls with reference to financial statements. During the year, such controls were tested and no reportable material weaknesses In the design or operation were observed.

INTERNAL AUDITOR

In terms of Section 138 of the Companies Act, 2013 read with the Companies (Accounts) Rules 2014, M/s. V. V. Patel & Co., Chartered Accountants (Firm Registration No. 118124W) were appointed as the Internal Auditors of the Company for the financial year 2025-26.

PREVENTION OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE

In accordance with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013 {POSH Act") and Rules made thereunder, the Company has formed Internal Committee for various workplaces to address complaints pertaining to sexual harassment In accordance with the POSH Act. The Company has a policy for prevention of Sexual Harassment, which ensures a free and fair enquiry process with clear timelines for resolution. There were no cases/complaints filed during the year under POSH Act.

PREVENTION OF INSIDER TRADING

The Company has adopted a Code of Conduct for Prevention of Insider Trading with a view to regulate trading in securities by the Directors and designated employees of the Company. The Code requires pre-clearance for dealing in the Companys shares and prohibits the purchase or sale of Company shares by the Directors and the designated employees while in possession of unpublished price sensitive information in relation to the Company and during the period when the Trading Window is closed. The Board is responsible for implementation of the Code.

RISK MANAGEMENT POLICY

The 8oard of Directors of the Company has put in place a Risk Management Policy which aims at enhancing shareholders value and providing an optimum risk-reward trade off. The risk management approach Is based on a clear understanding of the variety of risks that the organisation faces, disciplined risk monitoring and measurement and continuous risk assessment and mitigation measures.

VIGIL MECHANISM & WHISTLE BLOWER POLICY

The Company has a Vigil mechanism & Whistle blower policy under which the employees are free to report violations of applicable laws and regulations. The reportable matters may be reported to the Vigilance & Ethics Officer which operates under the supervision of the Audit Committee, as protected disclosures through an e- mail, or dedicated telephone line or a written letter. Employees may also report directly to the Chairman of the Audit Committee. The said Policy is available on the website of the Company at https://) haverlcredits.com/download/Statutory/Whlstle8lowerPollcyJCCL pdf.

INSURANCE

The assets of your Company have been adequately insured.

LOANS, GUARANTEES AND INVESTMENTS

Particulars of loan given, investments made, guarantees given and securities provided covered under the provisions of Section 186 of the Companies Act, 2013 are provided in the notes to the Financial Statements.

AUDITORS AND AUDITORS REPORT STATUTORY AUDITORS

During the year ended March, 31,2026, M/s. KDN & Associates LLP Chartered Accountants (Firm Registration No. 13165SW/W100691) Ahmedabad has resigned on August 20, 202S.Company has appointed M/s. 8. K. Patel & Co Chartered Accountants (Firm Registration No. 112647W/W100691) as Statutory Auditor of the Company to fill the casual vacancy caused by the resignation of Statutory Auditor.

Further the Company has appointed M/s. B. K. Patel 8i Co Chartered Accountants (Firm Registration No. 112647W/W100691) as Statutory Auditor of the Company at its duly convened Annual General Meeting of the Company held on September 23, 2025 for a term of 5 (five) consecutive years from the conclusion of 0020thlrty-Flrst (31*) Annual General Meeting till the conclusion of the thirty-sixth (36th) Annual General Meeting of the Company.

AUDITORS REPORT

M/s. 8. K. Patel & Co Chartered Accountants (Firm Registration No. 112647W/W100691) conducted statutory audit of Company for financial year ended on March 31, 2026, Independent Auditors Report forms part of financial statement as part of Annual Report. There are no qualifications or adverse remarks in the Auditors Report which require any clarification/ explanation. The Notes on financial statements are self-explanatory, and needs no further explanation.

These financial statements for the year ended March 31,2026, are prepared in accordance with IND-AS. DISCLOSURE OF TOTAL FEES PAID TO STATUTORY AUDITOR

Total fees for all services paid by the Company to statutory auditors of the Company during the year ended March 31,2026, are Rs.8 lakh.

SECRETARIAL AUDITOR AND SECRETARIAL AUDITORS REPORT

In terms of Section 204 of the Act and Rules made thereunder, M/s ALAP and CO. LLP, Practicing Company Secretaries (FRN: L2023GJ013900 and Peer Review No. 5948/2024) were appointed as Secretarial Auditors of the Company to conduct the Secretarial Audit of records and documents of the Company for FY 2025-26 and their report is annexed as Annexure IV to this report. The above reports contain some observations related to the delayed filing of ROC forms beyond the statutory time period Including delayed compliance with some SE8I regulations due to unavoidable situation. The Management has take note of the same and assured that required necessary steps for such delays will be implemented

ANNUAL SECRETARIAL COMPLIANCE REPORT

The Company has undertaken an audit for the Financial Year ended March 31, 2026 for all applicable compliances as per the Securities and Exchange Board of India Regulations and Circulars/Guidelines issued there under. The Annual Secretarial Compliance Report issued by M/s. ALAP & CO. LLP, Practicing Company Secretary has been submitted to the Stock Exchanges within 60 days of the end of the Financial Year.

SECRETARIAL STANDARDS

During the year under review, the company has complied with the applicable secretarial standards i.e. SS-1 and SS-2, relating to the meeting of the Board of Directors and General Meetings, issued by the Institute of Company Secretaries of India, have been duly followed by the company.

RELATED PARTY TRANSACTIONS

There were no materially significant related party transactions entered Into between the Company, Directors, management or their relatives. Hence, disclosure in Form AOC-2 is not provided. All the contracts / arrangements / transactions entered into by the Company with the related parties during the financial year 2025-26 were In the ordinary course of business and on arms length basis as disclosed In the financial statements. The details of related party disclosure form a part of notes to the financial statements provided in the annual report.

ANNUAL EVALUATION OF DIRECTORS, COMMITTEES AND BOARD

A formal evaluation mechanism has been adopted for evaluating the performance of the Board, the Committees thereof and Individual Directors. The evaluation is based on criteria which Include, among others, providing strategic perspective, integrity and maintenance of confidentiality and independence of judgment, attendance, time devoted and preparedness for the Meetings, quality, quantity and timeliness of the flow of information between the 8oard Members and the Management, contribution at the Meetings, effective decision making ability, monitoring the corporate governance practices, role and effectiveness of the Committees and effective management of relationship with stakeholders Pursuant to the provisions of the Companies Act, 2013 and the Listing Regulations, the Board has carried out an annual evaluation of Its own performance, performance of its directors individually and the committees of the Board and the same is reviewed by the Nomination and Remuneration Committee.

CORPORATE SOCIAL RESPONSIBIUTY(CSR)

Provisions of the Section 135 of the Companies Act, 2013 and the Rules framed thereunder are not applicable to the Company. Hence CSR report Is not required to be annexed.

DEPOSITS

During the year under review, your Company has not accepted deposits covered under Section 73 of the Companies Act, 2013

PARTICULARS OF EMPLOYEES AND OTHER ADDITIONAL INFORMATION

The information required pursuant to Section 197 of the Companies Act, 2013 read with rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are provided separate annexure forming part of this Report as Annexure II.

The statement containing particulars of employees as required under Section 197 of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 will be provided upon request. In terms of Section 136 of the Companies Act, 2013, the Report and Accounts are being sent to the members and others entitled thereto, excluding the information on employees particulars which is available for Inspection by the members at the Registered office of the Company during business hours on working days of the company up to the date of ensuing Annual General Meeting. If any member is interested in inspecting the same, such member may write to the company secretary in this regard.

MANAGEMENT DISCUSSION & ANALYSIS REPORT

This Annual Report contains a separate section on the Management Discussion and Analysis as Annexure- III, which forms part of the Directors Report.

CORPORATE GOVERNANCE AND MANAGEMENT DISCUSSION AND ANALYSIS

Separate reports on Corporate Governance compliance and Management Discussion and Analysis as stipulated by the S€8I Listing Regulations forms part of this Annual Report along with the required Certificate from Practising Company Secretary regarding Compliance of the conditions of Corporate Governance as stipulated.

In Compliance with Corporate Governance requirements as per the SE8I Listing Regulations, your Company has formulated and Implemented a Code of Business Conduct and Ethics for all Board Members and Senior Management Personnel of the company, who have affirmed the compliance thereto.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

A. Conservation of Energy

8cing a responsible Company, Jhaveris daily operations are not energy-intensive. The Company follows energy efficient practices to contribute its bit in energy conservation.

I) Steps taken or Impact on conservation of energy:

The Company believes that energy conservation is a collective effort and works towards ensuring implementation of energy efficient techniques by the staff by providing training and conducting awareness programmes.

II) Steps taken for utilization of alternate sources of energy:

1. The Company follows energy-efficient techniques like limiting the use of artificial lights and encouraging use of natural light as much as possible.

2. The Company uses energy efficient CFL or LED lights in place of regular bulbs to save energy.

3. The Staff has been advised to use hibernation mode on Computers when it is not in use.

4. All the employees are trained of the energy-saving features of appliances and other electronics like the printers and air-conditioners.

5. The company ensures to replace the outdated electronic equipment with certified energy efficient ones.

ill) Capital investment on energy conservation equipments:

No significant capital Investment Is made on energy consumption equipment which can be quantified.

B. Technology absorption

Operations of the company do not involve any kind of special technology and there was no expenditure on research & development during this financial year.

i) Efforts made towards technology absorption	Not Applicable
ii) Benefits derived	Not Applicable
iii) Details of Technology Imported in last three years
a) Details of Technology imported	Not Applicable
b) Year of import	Not Applicable
c) whether the technology been fully absorbed	Not Applicable
d) If not fully absorbed, areas where absorption has not taken place, and the reasons thereof	Not Applicable
Iv) Expenditure incurred on Research and Development	Not Applicable

C Foreign Exchange Earnings and Outgo

Ouring the Financial Year, the foreign exchange earned in terms of actual inflows was NIL, whereas the foreign exchange in terms of actual outflows was NIL

PROCEEDINGS INmATED/PENDING AGAINST YOUR COMPANY UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016

There are no proceedings initiated/ pending against your Company under the Insolvency and Bankruptcy Code, 2016 which materially impact the Business of the Company.

LISTING

The Equity shares of the company are listed on Bombay Stock Exchange Limited and Company has paid Annual Listing Fees up to the Year 2025-26.

LARGE ENTITY:

The Board of Directors of the Company hereby confirm that the Company is not a Large Corporate entity in terms of Regulation SOB of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 (NCS Regulations).

WEBSITE

As per Regulation 46 of SEBI (LODR) Regulations, 2015, the Company has maintained a functional website namely "www.Jhaverlcredlts.com" containing basic Information about the Company. The website of the Company is also containing information like Policies, Shareholding Pattern, Financial Results and information of the designated officials of the Company who are responsible for assisting and handling investor grievances for the benefit of all stakeholders of the Company, etc.

GENERAL

Your Directors state that no disclosure or reporting is required in respect of the following items as there were

no transactions on these items during the year under review:

1. Details relating to deposits covered under Chapter V of the Act.

2. Issue of equity shares with differential rights as to dividend, voting or otherwise.

3. Issue of shares (including sweat equity shares) to employees of the Company under any scheme save and except ESOS referred to In this Report.

4. Fraud reported by the Auditors to the Audit Committee or the Board of Directors of the Company

5. The Company does not have any scheme of provision of money for the purchase of its own shares by employees or by trustees for the benefit of employees.

6. Payment of remuneration or commission from any of its holding or subsidiary companies to the Managing Director of the Company.

7. Change In the nature of business of the Company.

8. Instances of transferring the funds to the Investor Education and Protection Fund.

9. Under Corporate Insolvency Resolution Process under the Details of any application filed for corporate Insolvency and Bankruptcy Code, 2016.

10. Maintenance of Cost Records specified by the Central Government under Section 148 of the Companies Act, 2013

11. The requirement to disclose the details of difference between amount of the valuation done at the time of onetime settlement and the valuation done while taking loan from the 8anks or Financial Institutions along with the reasons thereof.

12. There have been no significant material orders passed by the Regulators or Courts or Tribunals which would Impact the going concern status of the Company and Its future operations

ACKNOWLEDGEMENT

Your Directors wish to express their grateful appreciation to the continued co-operation received from the Banks, Government Authorities, Customers, Vendors and Shareholders during the year under review. Your Directors also wish to place on record their deep sense of appreciation for the committed service of the Executives, staff and members of the Company.

	For and on behalf of the Board of Directors For Jhaveri Credits and Capital Limited
	Ghanshyambhai Engineer	Bijal Parikh
Date: August 12,2026	Managing Director	Director
Place: Ahmedabad	DIN:11542622	DIN:07027983