Julien Agro Infratech Ltd Directors Report

During the year under review, performance of your Company are as under:

Note: The above-mentioned figures in the Financial Highlight is based on the Report of Balance Sheet. The Company has
prepared the financial statement in accordance with the Companies (Indian Accounting Standards) Rules, 2015 prescribed
under Section 133 of the Companies Act, 2013.

The Companies Equity Shares are Listed on the BSE Ltd. on August 28, 2013. The Company has been regular in paying the
Annual Listing Fees to the said Stock Exchanges.

During the year under review the Company has recorded a turnover of Rs. 12,069.07/- (Amount in Lacs) in the financial
year. The Company has recorded a net profit of Rs. 93.03/- (Amount In Lacs) as compared to previous year of profit Rs.
4.86/- (Amount in Lacs).

The Company in spite of many challenges and competitive market conditions was able to achieve satisfactory Sales and Net

I Titrat ed) Limited

Profit figures. The management is of the opinion that in the coming future as the overall situation seems to be to be
improving and Directors are optimistic about Compan/s business and hopeful of better performance with
increased revenue in next year.

The Company has 197,890,000/- Equity Share Capital for the Financial Year ended March 31, 2025. The Company had raised
capital through preferential issue of shares which is being mentioned in the "Capital Structure".

The Company has fixed Friday, November 01, 2024 as the "Record Date" for the purpose of determining entitlement of
Equity Shareholders for receipt of 1st Interim Dividend for the FY 2024-25.

The Company has fixed Wednesday, January 08, 2025 as the "Record Date" for determining entitlement of Equity
Shareholders for the purpose of sub-division / split of existing Equity Shares of the Company.

The Company has fixed Friday, February 07,2025 as the "Record Date" for the purpose of determining entitlement of Equity
Shareholders for receipt of 2nd Interim Dividend for the FY 2024-25.

There has been no change in the nature of the business of your Company during the financial year ended March 31, 2025.
CHANGE IN THE REGISTERED OFFICE OF THE COMPANY

There has been no change in the registered office of the Company during the financial year 2024-25.

During the year under consideration, the Company has changed its capital structure and the authorized and paid-up share
capital as on March 31, 2025 stands as follows:

The Authorized Share Capital of the Company during the financial year 2024-25, Rs. 210,000,000/- (Rupees Twenty-One
Croreonly) divided into 42,000,000 (Four Crore Twenty Lakhs) Equity Shares of face value of Rs. 5/- (Rupees Five only) each
due to Split of Share capital of the Company.

The Company has increased its Authorized Equity Share Capital of the Company from the present R 21,00,00,000/- (Twenty-
One Crores) consisting of 4,20,00,000 (Four Crores Twenty Lakhs) Equity Shares of Face Value R 5/- (Rupees five only) each
to R 30,00,00,000/- (Rupees Thirty Crores) consisting of 6,00,00,000 (Six Crores) Equity Shares of Face Value R 5/- (Rupee
Five) each.

At present the Authorized Equity Share Capital of the Company R 30,00,00,000/- (Rupees Thirty Crores) consisting of
6,00,00,000 (Six Crores) Equity Shares of Face Value R 5/- (Rupee Five only) each.

The Paid-up Share capital of the Company stands as Rs. 197,890,000/ (Nineteen Crores Seventy Lakhs) crores consisting of
39,578,000 equity shares of Face Value K 5/- (Rupees Five only)

The Company by way of Preferential Issue has issued 20,000,000 (Two Crores) numbers of Fully Convertible Equity Warrants
(hereinafter referred to as "Convertible Warrants") at an exercise price of * 13.50/- (Rupees Thirteen and Fifty Paise Only)
per underlying Equity share of the Face Value of ^ 5/- (Rupees Five each) (with a premium of ^ 8.50/- (Rupees Eight and
Fifty Paise Only) per share.

During the FY 2025-25 the Company has increased its Paid-up Share capital from * 197,890,000/- (Rupees Nineteen Crore
Seventy-Eight Lakh and Ninety Thousand Only) divided into 39,578,000 (Three Crore Ninety-five Lakh and Seventy-Eight
Thousand) Equity Shares of face value ^ 5/- (Rupees Five Only) each to ^ 297,890,000/- (Rupees Twenty-Nine Crore Seventy-
Eight Lakh and Ninety Thousand Only) divided into 59,578,000 (Five Crore Ninety-five Lakh and Seventy-Eight Thousand)
Equity Shares of face value ^ 5/- (Rupees Five Only).

in view of profit during the year, your Directors have recommended dividend on Equity shares for the financial year 2024
2025:-

The Board of Directors (the Board) is pleased to recommend declaration of 1st Interim dividend amounting to 0.05 (Five
Paise only) per equity shares for the financial year 2024-25 on the total issued, subscribed and paid- up 19,789,000 Equity
shares of the nominal value of Rs. 10/- each.

The Board of Directors (the Board) is pleased to recommend declaration of 2nd Interim dividend amounting to 0.05 (Five
Paise only) per equity shares for the financial year 2024-25 on the total issued, subscribed and paid- up 39,578,000 Equity
shares of the nominal value of Rs. 5/- each.

The Board has recommended the dividend based on the parameters laid down in the Dividend Distribution Policy and
dividend will be paid out of the profits of the year.

Pursuant to the Finance Act, 2020, dividend income is taxable in the hands of the Members, w.e.f. April 1, 2020 and the
Company is required to deduct tax at source from dividend paid to the Members at prescribed rates as per the Income Tax
Act, 1961.

As permitted under the Act, the Board does not propose to transfer any amount to General Reserves. The closing balance
of the retained earnings of your Company for FY 2024-25, after all appropriations and adjustments, was ^ 2247.16 Lakhs.

The Company has no holding, Subsidiary Company & Associate Company as on date.

As permitted under the Act, the Board does not propose to transfer any amount to General Reserves. The dosing balance
of the retained earnings of your Company for FY 2024-25, after all appropriations and adjustments, was * 2247.16 Lakhs

DIRECTORS

Your Companys Board comprises of the following Directors: -

During the Financial Year 2024-25, 13th (Thirteen) meetings of the Board of Directors were held. The Provisions of
Companies Act, 2013 and Listing Obligations and Disclosure Requirements (LODR) were adhered to while considering the
maximum time gap between any two meetings was less than one hundred and twenty days. Details of the Board meetings
held during the financial year have been furnished In the Corporate Governance Report forming part of this Annual Report.
The date on which the Board Meetings were held are given below:

During the year under review, a separate meeting of Independent Directors was held on March 29, 2025 wherein the
performance of the Non-Independent Director and the Board as a whole was reviewed. The Independent Director at their
meeting also assessed the quality, quantity and timeliness of flow of information between the Companys management
and the Board of Directors of the Company.

The Company has constituted/re-constituted various Board level committees in accordance with the requirements of the
Companies Act, 2013 and SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Details of all the

Committees along with their composition and meetings held during the year under review are provided in the Report on
Corporate Governance forming part of this Annual Report.

The Audit Committee presently comprises of Mr. Kalpana Tekriwal, Chairman, Mrs. Roshni Gadia and Mr. Lalit Sureka as
Members. The terms of reference of the Audit Committee and the particulars of the meetings held and attendance thereat
are in accordance with the requirements mandated under Section 177 of the Companies Act, 2013 read with the rules made
thereunder and Regulation 18 of S?BI (LODR) Regulations, 2015 has been furnished in the Corporate Governance Report
forming a part of this Annual Report. There has been no instance where the Board has not accepted the recommendations
of the Audit Committee.

The Nomination & Remuneration Committee presently comprises of Mr. Kalpana Tekriwal, Chairman, Mrs. Roshni Gadia
and Mrs. Chetna Gupta as Members. The terms of reference of the Nomination & Remuneration Committee and the
particulars of the meetings held and attendance thereat are in accordance with the requirements mandated under Section
178 (1) of the Companies Act, 2013 read with the rules made thereunder and Regulation 19 of SEBI (LODR) Regulations,
2015 has been furnished in the Corporate Governance Report forming a part of this Annual Report.

The Stakeholders Relationship Committee presently comprises of Mr. Kalpana Tekriwal, Chairman, Mrs. Roshni Gadia and
Mr. Sandip Dalmia as Members. The terms of reference of the Stakeholders Relationship Committee and the particulars of
the meetings held and attendance thereat are in accordance with the requirements mandated under Section 178 (5) of the
Companies Act, 2013 read with the rules made thereunder and Regulation 20 of SEBI (LODR) Regulations, 2015 has been
furnished in the Corporate Governance Report forming a part of this Annual Report.

There was no Extra Ordinary General Meeting held during the year under consideration.

1. Date of Postal Ballot: November 18, 2024 to December 17, 2024
Resolutions passed through Postal Ballot:

a. To Consider and approve sub-division/spfit of equity shares of the Company as an Ordinary Resolution

b. To approve alteration of Capital Clause of the Memorandum of Association of the Company as an Ordinary
Resolution

2. Date of Postal Ballot: January 27, 2025 to February 25, 2025
Resolutions passed through Postal Ballot:

a. Issuance of 2,00,00,000 fully Convertible Equity warrants on Preferential basis to the persons belonging
to non-promoter category as a Special Resolution

b. To increase Authorized Share Capital of the Company and consequent alteration in capital clause of
Memorandum of Association of the Company as an Ordinary Resolution

The Last Annual General Meeting of the Company for the financial year 2023 24 was held on September 30, 2024 at the
"Diamond Plaza", 5, Gopi Bose Lane, Kolkata-700012.

STATE OF THE COMPANYS AFFAIRS Infratech Limit*

We, M/s. Julien Agro Infratech Limited (Silverpoint Infratech Limited] had entered into diversified area of business during
the Financial Year 2024-25 by foraying into the trading of agro products within the country and with major focus on exports.
Hence, we have applied to change the name of the Company from "SILVERPOINT INFRATECH LIMITED" to "JULIEN AGRO
INFRATECH LIMITED" which is approved by the Ministry of Corporate Affairs (MCA) with effect from August 25, 2023. The
Companys primary business was of Civil & Construction Works along with Agro business.

There was material changes and commitments in the business operations of the Company affecting the financial position
of the Company which have occurred between the end of the financial year of the Company to which the financial
statements relate and the date of this report.

The Company has changed the name of the Company from "SILVERPOINT INFRATECH LIMITED" to "JULIEN AGRO

INFRATECH LIMITED" which is approved by the Ministry of Corporate Affairs (MCA) with effect from August 25, 2023 due
to new line of business i.e trading of agro products.

In accordance with Section 92(3} of the Companies Act, 2013, and Rule 12(1) of the Companies (Management and
Administration) Rules, 2014, interested parties can access the copy of Annual Returns from the Registered Office of the
Company. The Company is being uploaded in the website of the Company www/ulieninfra.com.

There is no significant events occurred after the date of financial statements.

During the Financial year the Company has made no Loan, Guarantees, Advances & Investment within the limits as
prescribed under Section 186 of the Companies Act, 2013 (Details of Loans, Guarantees or Investments under section 186
of the Companies Act, 2013 are given in the notes to the financial statements.)

A Related Party Transaction Policy has been formulated by the Board of Directors for determining the materiality of
transactions with related parties and dealing with them. The said policy may be referred to at the Companys website at
www.julieninfra.com . The Audit Committee reviews all related party transactions.

All contracts or arrangements with related parties, entered into or modified during the financial year, within the meaning
of Section 188 (1) of Companies Act, 2013 were in ordinary course of business and on arms length basis and in compliance
with the applicable provisions of the Companies Act, 2013 and the Listing Regulation.

There are no material contracts or arrangements entered into by the Company during the year with Related Parties.

There are no materially significant related party transactions entered into by the Company with promoters, Directors, key
managerial personnel or other designated persons or related party as per definition contained u/s 2(76) of the Act, which

Infratech Limit

may have a potential conflict with the interest of the Company at large. Accordingly, the disclosure of Related Party
Transactions as required under Section 134(3)(h) of the Companies (Accounts) Rules, 2014 in Form AOC-2 has been enclosed
as Annexure - II is attached herewith and forms part of this Directors Report.

Particulars of Conservation of energy, technology absorption and foreign exchange and outgo as required under Section
134 (3) (m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014 are not applicable to
the Company. The disclosures are annexed as Annexure-lll and forms part of this Annual Report.

During the period the Board of the Company was reconstituted for the purpose of better growth and expansion and
diversification of the business of the Company.

Mrs. Namrata Sharma, (Din: 10204473) has been appointed as an Additional Non-Executive Independent Director of the
Company w.e.f August 14, 2024.

Mr. Peeyush Sethia (Din: 09850692) has been appointed as an Additional Non-Executive independent Director of the
Company w.e.f August 14, 2024.

Mrs. Kalpana Tekriwal (DIN: 11170688) has been appointed as an Additional Non-Executive Independent Director of the
Company w.e.f July 07, 2025.

Mrs. Roshni Gadfa (DIN: 06652773) has been appointed as an Additional Non-Executive Independent Director of the
Company w.e.f July 07, 2025.

Mr. Pankaj Kanodia (DIN: 07020952) has resigned as a Non-Executive Independent Director of the Company w.e.f August
14, 2024.

Mr. Satish Singh (DIN: 00538323) has resigned as a Non-Executive Independent Director of the Company w.e.f August 14,

2024.

Mrs. Namrata Sharma, (Din: 10204473) has resigned as a Non-Executive Independent Director of the Company w.e.f July
07, 2025.

Mr. Peeyush Sethia (Din: 09850692) has resigned as a Non-Executive Independent Director of the Company w.e.f July 07,

2025.

Your Company has received declarations from all the Independent Directors pursuant to Section 149 (7) of the Companies
Act, 2013 of the Company confirming that they meet the criteria of interdependence as prescribed both under Section 149
(6) of the Companies Act, 2013 read with rules made thereunder and Regulation 16 (1) (b) od SEBI (Listing Obligations &
Disclosure Requirements) Regulations, 2015.

d) Retirement by Rotation - infratech Limited

During the financial year 2024-25, the Company has three Non-Executive Independent Directors, one Managing Director
and one Whole time Director. According to Companies Act, 2013 Independent Director is not liable to retire by rotation and
Mr. Sandip Dalmia, Whole-Time Director is liable to retire by rotation and being eligible, offers himself for re-appointment.

The Board recommends his re-appointment with a view to avail her valuable advises and wise counsel.

A brief profile of the Director seeking appointment / re-appointment required under Regulation 36 (3) of the SEBI (Listing
Obligations & Disclosure Requirements) Regulations, 2015 isgiven in the Notice of AGM forming part of the Annual Report.

None of the Directors of the Company are disqualified for being appointed as Directors, as specified in Section 164 (2) of
the Companies Act, 2013 and Rule 14 (1) of the Companies (Appointment & Qualification of Directors} Rules, 2014.

As required under SEBI Listing Regulations, your Company has obtained a certificate from the Practicing Company Secretary
that none of the Directors of the Board of the Company have been debarred or disqualified from being appointed or
continuing as Directors of the Board of the Company have been debarred or disqualified from being appointed or continuing
as Directors by MCA/Statutory Authorities. The said Certificate is enclosed as Annexure - VII and forms part of this Report.

Pursuant to the provisions of Section 203 of the Companies Act, 2013, Mr. Lallt Sureka, Chief Executive Officer and Managing
Director (CEO & MD), Mrs. Neeta Dalmia, Chief Financial Officer, Mr. Sandip Dalmia Whole-time Director and Mrs. Puja Jain,
Company Secretary, are the KMPs of the Company as on March 31, 2025 and there are not appointment and Resignation
of the Company for the financial year 2024-25.

The Independent Directors are familiarized with the Company, their roles, rights, responsibilities in the Company, nature of
the industry in which the Company operates, business model of the Company, etc. pursuant to Regulation 25(7) of the SEBI
(Listing Obligations & Disclosure Requirements) Regulations, 2015 on appointment, the Independent Director is issued a
letter of appointment setting out In detail, the terms of appointment, duties, responsibilities and expected time
commitments. The Company Secretary briefs the Director about their legal and regulatory responsibilities as a Director. The
Directors also explained in detail the various compliances required from him to act as a Director under the various provisions
of the Companies Act, 2013, SEBI (LODR) Regulation, 2015, SEBI (Prohibition of Insider Trading) Regulation, 2011, the Code
of Conduct of the Company and other relevant regulations. The details of familiarization programme is available on
Companys website www.julieninfra.com .

Pursuant to the requirements of the Companies Act, 2013 and the SEBI Listing Regulations, evaluation of each member of
the Board is done on an annual basis. One of the vital functions of the 8oard is monitoring and reviewing the Board
evaluation framework formulated by the Nomination and Remuneration Committee that lay down the evaluation criteria
for the performance of all the individual Directors Board and its Committees was carried out. In accordance with the
provisions of Companies Act, 2013 read with the rules made thereunder and SEBI (Listing Obligations & Disclosure
Requirements) Regulations, 2015.

A structured questionnaire was prepared after taking into consideration inputs received from the Directors, covering various
aspects of the Boards functioning such as adequacy of the composition of the and its committees. Board culture, execution
and performance of specific duties, obligations and governance.

a) Criteria for evaluation of the Board of Directors as a whole infratech limited

i. Freq uency of m eeti n gs;

ii. Length of meetings;

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.

All Board Directors and the designated employees have confirmed compliance with the code.

The Company has formulated a policy for the prevention of sexual harassment within the Company, it ensures prevention
and deterrence of acts of sexual harassment and communicates procedures for their resolution and settlement. Internal
Complaint Committee have been constituted which is chaired by a female employee of the Company in accordance with the
requirements under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 which
ensures implementation and compliance with the Law as well as the policy at every unit. There were no cases/ complaints
reported in this regard during the year 2024-25. A copy of the Policy against sexual harassment is posted on the Companys
website www.julieninfra.com .

juuen Agro
Infra tech Limited

The Company is committed to a safe, inclusive workplace where everyone feels respected and empowered. In line with the
POSH Act, it has adopted an anti-sexual harassment policy and constituted an Internal Committee. No complaints, including
those related to sexual harassment, were received during the year under review.

The Company believes in best HR practices by providing its employees a world class working environment, giving them equal
opportunities to rise and grow. We continue to implement the best of HR policies so as to ensure that talent retention is
ensured at all levels. Employee relations continued to be cordial and harmonious at all levels and in all divisions of the
Company during the year.

Your Company has complied with all applicable laws. The Company has been complying with relevant laws and has been
taking all necessary measures to protect the environment and maximize worker protection and safely.

There are no significant and material order has been passed by the regulators, courts, tribunals impacting the going concern
status and Companys operation in future.

During the Financial Year, your Company has compiled with applicable Secretarial Standards issued by the Institute of
Company Secretaries of India.

Pursuant to the Companies (Indian Accounting Standards) Rules, 2015, your Company has to comply with Indian Accounting
Standards (Ind-AS) from April 01,2017. Accordingly, the financial statements of the Company for the financial year 2023-24
have been prepared as per Ind-AS.

During the Financial Year, our Company has compiled with applicable Secretarial Standards issued by the Institute of
Company Secretaries of India.

JLAIim rtgJTJ

100% of the Companys paid-up Equity Share Capital is in dematerialized form as on March 31, 2025 and only 2 share is being
held in physical form. Your Company has already sent three reminders to all concerned shareholders advising them to convert
physical shares into demat form. The Company Registrar is M/s. C 6 Management Services Private Limited, P-22 Bondel Road,
Kolkata - 700 019.

The details of Board and its Committees are given in the Corporate Governance Report.

As per the provisions of Section 135 of the Companies Act, 2013, read with rules framed there under, every Company
including its holding or subsidiary and a foreign Company, which fulfills the criteria specified in sub-section (1) of section 135
of the Act shall comply with the provisions of Section 135 of the Act and its rules.

Since the Company is not falling under any criteria specified in sub-section (1) of section 135 of the Act, your Company is not
required to constitute a Corporate Social Responsibility ("CSR") Committee.

if female employees exist the Company declares that it has duly complied with the provisions of the Maternity Benefits Act,
1961. All eligible women employees have been extended the statutory benefits prescribed under the Act, including paid
maternity leave, continuity of salary and service during the leave period, and post-maternity support such as nursing breaks
and be flexible return-to-work options, as applicable. The Company remains committed to fostering an inclusive and
supportive work environment that upholds the rights and welfare of its women employees in accordance with applicable
laws.

During the financial year under review, there were NO application/s made or proceeding were pending in the name of the
Company under the Insolvency and Bankruptcy Code, 2016.

During the Financial year under review, there were NO one time settlement of Loans taken from Banks and Financial
institutions.

Your Company has complied with Secretarial Standard-1 (Board Meeting) and Secretarial Standards-2 (General Meetings)
(together referred to as the Secretarial Standards) w.e.f. 1st October, 2017 as approved by the Central Government and
issued by the institute of Company Secretaries of India (ICSI) under the provisions of Section 118(10) of the Companies Act,
2013.

The Company is committed to upholding the highest standards of data privacy and protection. In light of the increasing
reliance on digital infrastructure, the Company has implemented comprehensive cybersecurity and data protection policies,
aligned with industry best practices and the evolving regulatory framework, including provisions under the Information
Technology Act, 2000, and applicable data protection regulations.

Key initiatives undertaken during the year include:

• Deployment of end-to-end encryption and multi-layered security protocols for data storage and transfer

• Regular third-party cybersecurity audits and vulnerability assessments.

• Employee training programs on data protection and cybersecurity awareness.

• Strict access control mechanisms and implementation of role-based permissions.

• Data breach response protocols in accordance with the CERT-ln guidelines.

The Company continues to invest in digital infrastructure to ensure robust protection of stakeholder information and
business continuity.

Your Company maintains sufficient cash to meet our strategic objectives. We clearly understand that the liquidity in the
Balance Sheet is to ensure balance between earning adequate returns and the need to cover financial and business risks.
Liquidity also enables your Company to position itself for quick responses to market dynamics.

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

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

As proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 is applicable from April 01,2023, reporting under Rule 11(g)
of the Companies (Audit and Auditors) Rules, 2014 on preservation of audit trail as per the statutory requirements for record
retention is applicable for the financial year ended March 31, 2025.

Appointment of designated person (Management and Administration) Rules 2014 - Rule 9 of the Companies Act 2013.

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

The Company has proposed and appointed one of the Director as a Designated person in a Board meeting and the same has
been reported in Annual Return of the Company.

Yours 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:

i. Your Company has not resorted to any buy back of its Equity Shares during the year under review; and

ii. Your Company does not have any subsidiaries;

lii. Section 143 (12) of the Companies Act, 2013, any instances of fraud committed against the Company by its officers
or employees.

iv. The Company has not issued equity shares with differential rights as to dividend, voting or otherwise

v. There were no applications made or proceedings pending under the Insolvency and Bankruptcy Code, 2016,
underscoring our financial resilience.

vi. There was no transfer of unpaid and unclaimed amount to Investor Education and Protection Fund (IEPF) during
the year under review.

vii. The requirements for maintaining cost records and undergoing cost audits, as prescribed under Section 148(1) of
the

viii. Companies Act, 2013, were not applicable to our business activities, aligning with our regulatory obligations

Your Company always endeavors to keep the time of response to shareholders request/grievance at the minimum. Priority
is accorded to address all the issues raised by the shareholders and provide them a satisfactory reply at the earliest possible
time. The Stakeholders Relationship Committee of the Board meets periodically and reviews the status of the Shareholders
Grievances. The shares of the Company continue to be traded in electronic forum and de-materialization exists with both
the depositories viz., National Securities Depository Limited and Central Depository Services (India) Limited.

Your Board sincerely places on record the support extended by the Trade, Shareholders, Companys Bankers, Central and
State Government Authorities, Stock Exchanges, CDSL, NSDL and all other Business Associates for the growth of the
organization. The Board further expresses its appreciation for the services rendered by the Executives, officers, staffs and
workers of the Company at all levels.

We look forward to receiving the continued patronage from all quarters to become a better and stronger Company.