Kingfa Science & Technology (India) Ltd Directors Report

Your Directors hereby present their 41^stAnnual Report along with Audited Financial Statements for the year ended March 31, 2025. This Report is prepared based on the standalone financial statements of the Company.

FINANCIAL RESULTS

Particulars	2024 - 25	2023 - 24
Revenue from Operations	1,74,469.06	1,48,771.56
Other Income	937.51	304.86
Total Income	1,75,406.57	1,49,076.42
Total Expenses	1,54,798.62	1,32,656.70
Profit Before Tax	20,607.95	16,419.72
Tax Expense	5,322.43	4,167.47
Profit After Tax	15,285.52	12,252.25
Other Comprehensive Income (Net of Tax)	(71.17)	6.11
Total Comprehensive Income	15,214.35	12,258.36
EPS - Basic & Diluted (Rs.)	126.22	101.17

OVERVIEW OF THE FINANCIAL PERFORMANCE

The financial performance highlights for the year ended 31^st March, 2025, are summarized below:

• The Company delivered a robust revenue growth of 17.27%, with Net Revenue from Operations at Rs. 1,74,469.06 Lakhs, compared to Rs. 1,48,771.56 Lakhs in the previous year.

• Operating Profit before Tax improved to Rs. 20,607.95 Lakhs, representing an increase of 25.5% over the previous years figure ofRs. 16,419.72 Lakhs.

• The Net Profit Tax stood at Rs. 15,285.52 Lakhs, reflecting a year-on-year growth of 24.7% as against Rs. 12,252.25 Lakhs in FY 2023-24.

• Earning were supported by prudent cost management, higher operational efficiency,and continued customer focus.

The Company has further strengthened its market leadership in the modified thermoplastics segment, supported by a pan-India manufacturing footprint and strategically located warehouses across major automotive and industrial hubs.

The Company remains committed to delivering sustainable growth, investing in innovation, capacity enhancement, and customer partnerships to retain its competitive edge in a dynamic business environment.

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

The highlights of the Companys operations, industry developments, risks, and opportunities are discussed in detail in the Management Discussion and Analysis Report (MD&A), which forms an integral part of this Annual Report.

CHANGE IN NATURE OF BUSINESS

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

STATE OF THE COMPANYS AFFAIRS

Kingfa Science & Technology (India) Limited continues to be a leading manufacturer of reinforced polypropylene compounds, thermoplastic elastomers, and a wide range of engineering plastics including ABS, HIPS, PA, PBT, PC and their alloys, primarily catering to the automotive and consumer sectors. The Company is also diversifying into PPE products such as facemasks and nitrile gloves, with a strong focus on innovation, sustainability, and long-term stakeholder value.

DIVIDEND

During the financial year 2024-25, the Company has earned a profit of Rs. 15,285.52 Lakhs. Considering the Companys financial position, future cash flow requirements, and long-term business plans, the Board of Directors has decided not to recommend any dividend for the year under review.

The Board believes that retaining the profits for reinvestment in business expansion, meeting working capital needs, and funding future projects will be in the best long-term interest of the shareholders.

RESERVES

As on March 31, 2025, the reserves and surplus stood at Rs. 71,649.84 Lakhs as compared to Rs. 57,646.54 Lakhs as on March 31, 2024. The Company Directors do not propose to transfer any amount to the reserves.

SHARE CAPITAL

The paid-up equity share capital of the Company was Rs. 1,211.05 lakhs. The Company has not issued any shares with differential voting rights, nor has it granted any stock options or issued sweat equity.

FINANCE

As of March 31, 2025, the cash and cash equivalents stood at Rs. 2,348.03 lakhs. The Company continues to focus on the judicious management of its working capital, receivables, and inventories, with all working capital parameters maintained under strict control through continuous monitoring.

DEPOSITS

The Company has not accepted any deposits within the meaning of the Companies Act, 2013, and the Companies (Acceptance of Deposits) Rules, 2014.

CREDIT RATING

During the financial year 2024-25, the Company has not obtained any credit rating from any credit rating agency as the Company has not issued any debt instruments and has no outstanding borrowings requiring such rating.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

The Company has not given any loans or provided any guarantees, nor has it made any investments, falling within the scope of the applicable provisions of the Companies Act, 2013.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has an internal control system commensurate with the size, scale, and complexity of its operations. An independent professional audit firm has been appointed to carry out internal audits at all locations. The scope of the internal audit programme is determined by the Audit Committee of the Board. To ensure objectivity and independence, the internal audit function reports directly to the Audit Committee.

The internal audit team monitors and evaluates the adequacy and effectiveness of the internal control system, as well as the Companys compliance with operating procedures, accounting policies, and applicable regulations at all locations. Based on the internal audit reports, process owners implement corrective actions in their respective areas, thereby strengthening internal controls. Significant audit observations and recommendations, along with the corrective actions taken, are presented to the Audit Committee of the Board of Directors.

REPORTING OF FRAUDS

There were no instances of fraud reported during the year under review that required the Statutory Auditors to report to the Audit Committee and/or the Board under Section 143(12) of the Companies Act, 2013, and the rules framed thereunder.

CORPORATE SOCIAL RESPONSIBILITY

As part of its Corporate Social Responsibility (CSR) initiatives, the Company has undertaken projects in accordance with the provisions of the Companies Act, 2013, and its CSR Policy. The Report on CSR activities, as required under the Companies (Corporate Social Responsibility Policy) Rules, forms an integral part of this Report and is annexed as Annexure-I.

ENVIRONMENT, HEALTH AND SAFETY

The Companys facilities are certified under ISO 9001:2015 and IATF 16949:2016. The Companys policy mandates that all operations be conducted in a manner that ensures the safety of all stakeholders, complies with statutory and industrial requirements for environmental protection, and promotes the conservation of natural resources to the greatest extent possible.

DISCLOSURE AS PER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

The Company has zero tolerance towards sexual harassment at the workplace and has adopted a policy on the prevention, prohibition, and redressal of sexual harassment in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, and the rules framed thereunder. As required by law, an Internal Complaints Committee has been constituted to receive and inquire into complaints of workplace harassment.

During the year under review, no cases were filed pursuant to the said Act.

PARTICULARS	NUMBER
Number of complaints of sexual harassment received in the year	Nil
Number of complaints disposed off during the year	Nil
Number of cases pending for more than ninety days	Nil

INDUSTRIAL RELATIONS

Industrial relations remained cordial throughout the year. The Company has undertaken various HR initiatives to align its policies with the evolving needs of the business. Regular reviews, training programmes, and necessary tools are provided to personnel to enhance overall efficiency.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

In accordance with the provisions of Section 152(6) of the Companies Act, 2013 (“the Act”) and the Articles of Association of the Company, Mr. Doraiswami Balaji (DIN: 08256342), Whole-time Director, will retire by rotation at the ensuing Annual General Meeting and, being eligible, has offered himself for re-appointment. The Board of Directors recommends his re-appointment.

Brief details of the Director proposed to be re-appointed, as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), are provided in the Notice convening the Annual General Meeting.

Changes During the Year Ended March 31, 2025

• Mr. Narayanaswamy Subramanian (DIN: 03602858), Independent Director, ceased to hold office with effect from May 15, 2024, upon completion of his second term of five years.

• Mr. Ramachandran Sudhinder (DIN: 10628111) was appointed as an Additional Director (Independent) with effect from May 15, 2024, and was regularized as an Independent Director for a term of five years through Postal Ballot (remote e-voting) concluded on August 7, 2024.

• Mr. Wang Dazhong was appointed as Chief Executive Officer with effect from August 7, 2024.

• Mr. Nirnoy Sur resigned from the position of Company Secretary & Compliance Officer with effect from March 31, 2025.

Key Managerial Personnel as of March 31, 2025

Pursuant to the provisions of Section 203 of the Act, the Key Managerial Personnel of the Company as on March 31, 2025, were:

1. Mr. Bo Jingen, Managing Director

2. Mr. Doraiswami Balaji, Whole-time Director (Executive Director)

3. Mr. Chen Xiaoqiong, Chief Financial Officer

4. Mr. Wang Dazhong, Chief Executive Officer

5. Mr. Nirnoy Sur, Company Secretary & Compliance Officer

Changes in Directors and Key Managerial Personnel Post March 31, 2025

• Mr. Deepak Vyas was appointed as Company Secretary & Compliance Officer with effect from June 11, 2025, replacing Mr. Nirnoy Sur.

• Mr. Subramanyan Sekharipuram Krishnamoorthy (DIN: 00024614) was appointed as an Additional Director (Independent) with effect from July 30, 2025.

• Mr. Sun Yajie (DIN: 11191121) was appointed as an Additional Director (Executive) with effect from July 30, 2025.

• Mr. Wu Xiaohui (DIN: 06617977) resigned from the position of Non-Executive, Non-Independent Director with effect from July 30, 2025, due to personal and professional commitments.

All the aforesaid changes in the composition of the Board and Key Managerial Personnel were duly intimated to the Stock Exchanges in compliance with Regulation 30 of the Listing Regulations.

DECLARATION BY INDEPENDENT DIRECTORS

The Independent Directors of the Company have submitted declarations confirming that they meet the criteria of independence as prescribed under the Act and the Listing Regulations. They have further affirmed compliance with the Code of Conduct for Independent Directors as specified in Schedule IV to the Act.

The Board confirms that none of the Directors is disqualified from being appointed as, or holding office as, a Director as stipulated under Section 164 of the Act.

FAMILIARIZATION PROGRAM FOR INDEPENDENT DIRECTORS

All Independent Directors inducted into the Board are familiarized with the Organisation. The details of such a program are provided in the Corporate Governance Report.

OPINION OF THE BOARD W.R.T INDEPENDENT DIRECTORS APPOINTED DURING THE YEAR

Mr. Ramachandran Sudhinder Independent Director of the Company appointed during the year. In the opinion of the Board, there has been no change in the circumstances which may affect their status as Independent Directors of the Company and the Board is satisfied of the integrity, expertise and experience (including proficiency in terms of Section 150(1) of the Act and applicable rules thereunder) of Independent Directors on the Board.

NUMBER OF MEETINGS OF THE BOARD

During the year under review, five meetings of the Board of Directors were held on May 15, 2024; May 28, 2024; August 07, 2024; October 29, 2024; and February 11, 2025. The details of these meetings are provided in the Corporate Governance Report, which forms part of this Annual Report.

COMMITTEES OF THE BOARD

The details of the meetings of the various Committees of the Board, namely the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, Corporate Social Responsibility Committee, and Risk Management Committee, held during the financial year 2024-25, are provided in the Corporate Governance Report.

BOARD EVALUATION

Pursuant to the provisions of the Companies Act, 2013 and Regulation 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board carried out a formal annual evaluation of its own performance, the performance of its Committees, and that of individual Directors.

The evaluation process was designed to provide a comprehensive review of Board effectiveness, governance practices, decision-making quality, and the level of strategic guidance provided by the Board. It also assessed:

• Board as a whole - structure, diversity, leadership, strategic oversight, adequacy of information flow, and risk management practices.

• Committees of the Board - effectiveness of functioning, independence in decision-making, clarity of roles, and accountability.

• Individual Directors - participation, preparedness, strategic inputs, ethical standards, and safeguarding of stakeholder interests.

The evaluation exercise was facilitated through structured questionnaires and one-on-one discussions, covering qualitative and quantitative parameters. Independent Directors also held a separate meeting, without the presence of Non-Independent Directors and members of management, to review the performance of the Board, Chairperson, and Non-Independent Directors.

Directors abstained from evaluation of their own performance. The consolidated outcome of the evaluation was discussed by the Board, and it was noted with satisfaction that:

• The Board continues to demonstrate high standards of governance and effective oversight.

• The Committees are functioning efficiently and adding significant value to the Boards decision-making.

• Individual Directors bring in diverse expertise, independence of judgment, and active participation in deliberations.

The Board remains committed to continuous improvement in governance practices and will continue to strengthen its processes in line with evolving regulatory expectations and global best practices.

NOMINATION AND REMUNERATION POLICY

The Company has formulated a comprehensive Nomination and Remuneration Policy in accordance with Section 178 of the Companies Act, 2013 and Regulation 19 of SEBI (LODR) Regulations, 2015. The Policy lays down:

• Criteria for Board Composition: Ensuring diversity of expertise, gender, skills, and experience to strengthen Board effectiveness.

• Appointment & Evaluation: Process for identification, selection, appointment, and performance evaluation of Directors (Executive, Non-Executive, and Independent), KMPs, and senior management.

• Remuneration Framework: Balanced approach to reward Directors, KMPs, and employees, ensuring competitiveness, performance linkage, and alignment with shareholder value creation.

• Succession Planning: A Mechanism to ensure continuity of leadership in critical roles.

The Nomination and Remuneration Committee reviews and recommends the Policy, which is approved by the Board. The Policy is reviewed periodically to align with evolving governance practices, regulatory requirements, and business priorities.

The detailed policy is available on the Companys website at: www.kingfaindia.com

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS

During the year under review, no significant and material orders were passed by Regulators, Courts, or Tribunals that could impact the going concern status of the Company or its future operations.

The Company continues to conduct its operations in compliance with all applicable laws, rules, and regulations, and there are no proceedings that may materially affect its business sustainability.

DIRECTORS RESPONSIBILITY STATEMENT

In pursuance of Section 134(5) of the Companies Act, 2013, the Directors hereby confirm that:

a. In the preparation of the annual accounts, the applicable accounting standards read with requirements set out under Schedule III to the Act had been followed and there are no material departures from the same;

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 as at March 31, 2025 and of the profit of the Company for the year ended on March 31, 2025;

c. The Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this 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 were operating effectively; and

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

RELATED PARTY TRANSACTIONS

All Related Party Transactions (RPTs) entered into during the financial year were on an arms length basis and in the ordinary course of business. These transactions were reviewed and approved in accordance with the Companys Policy on Related Party Transactions, which has been framed pursuant to the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Policy is available on the Companys website at: www.kingfaindia.com.

Further, the particulars of contracts or arrangements with related parties, as required under Section 134(3)(h) of the Companies Act, 2013, read with Rule 8(2) of the Companies (Accounts) Rules, 2014, are provided in Form AOC-2, annexed to this Report as Annexure II.

The Audit Committee and the Board periodically review these transactions to ensure compliance, transparency, and alignment with the Companys governance standards.

SUBSIDIARY, ASSOCIATE AND JOINT VENTURE COMPANIES

The Company does not have any subsidiary, associate, or joint venture companies within the meaning of the Companies Act,

2013. Accordingly, the disclosures required under Section 129(3) of the Act read with Rule 5 of the Companies (Accounts) Rules,

2014, relating to the statement containing salient features of the financial statements of subsidiaries/associates/joint ventures in Form AOC-1, are not applicable.

CODE OF CONDUCT

The Company is firmly committed to maintaining the highest standards of ethical, transparent, and professional conduct across all levels of its operations. The Code of Conduct serves as a guiding framework for Directors, Senior Management, and employees in the discharge of their duties, ensuring integrity, fairness, accountability, and compliance with applicable laws in all business dealings.

The Code emphasizes respect for stakeholders, avoidance of conflicts of interest, adoption of fair business practices, and promotion of responsible corporate citizenship.

The Code of Conduct is available on the Companys website at www.kingfaindia.com.

As required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a declaration from the Managing Director stating compliance with the Code of Conduct by all Board Members and Senior Management Personnel is annexed to this Report.

WHISTLE BLOWER POLICY AND VIGIL MECHANISM

In accordance with the provisions of the Companies Act, 2013, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI (Prohibition of Insider Trading) Regulations, 2018, the Company has adopted a robust Whistleblower Policy and Vigil Mechanism.

The policy provides a secure framework for Directors, employees, and other stakeholders to report genuine concerns relating to unethical behaviour, malpractices, financial irregularities, abuse of power, or any violation of the Companys Code of Conduct. Adequate safeguards have been built into the mechanism to ensure protection of whistleblowers from victimization or harassment.

The Policy also covers reporting of any leak or suspected leak of Unpublished Price Sensitive Information (UPSI) in line with SEBI regulations. Concerns can be reported to the Executive Director, and in exceptional cases, directly to the Chairman of the Audit Committee, ensuring transparency and independence in the redressal process.

The Whistleblower Policy is available on the Companys website and can be accessed at:http://www.kingfaindia.com/images/pdf/WPandVM.pdf. PREVENTION OF INSIDER TRADING

Pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015, the Company has formulated and adopted a Code of Conduct for Prevention of Insider Trading. The Code ensures that Directors, Promoters, Key Managerial Personnel, employees, and connected persons strictly adhere to practices designed to prevent misuse of unpublished price-sensitive information and maintain transparency and fairness in securities trading.

The Code is available on the Companys website and can be accessed at: http://www.kingfaindia.com/kyc/ITC.pdf.

STATUTORY AUDITORS

The Companys Statutory Auditors, P G BHAGWAT LLP, Chartered Accountants (Firm Registration No. 101118W/W100682), were re-appointed at the 38^th Annual General Meeting (AGM) held on 22^nd September, 2022, for a second term of five consecutive years, to hold office until the conclusion of the 43^rd AGM of the Company.

Pursuant to the amendments made to Section 139 of the Companies Act, 2013, by the Companies (Amendment) Act, 2017, the requirement of seeking ratification of auditors appointment at every AGM has been dispensed with. Accordingly, no resolution for ratification of their appointment is being placed before the shareholders at the ensuing AGM.

The Statutory Auditors have issued their report on the standalone financial statements of the Company for the year ended 31st March, 2025. The Auditors Report is unmodified and does not contain any qualification, reservation, adverse remark, or disclaimer.

The Board of Directors confirms that P G BHAGWAT LLP have furnished a valid certificate of independence as required under Section 141 of the Companies Act, 2013, and the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board is satisfied with their independence and effectiveness of the audit process.

SECRETARIAL AUDITORS & THEIR REPORT

In accordance with the provisions of Section 204 of the Companies Act, 2013, read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, and Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has appointed Ms. Shaswati Vaishnav, Practicing Company Secretary (ACS 11392, CP No. 8675) of M/s. Vaishnav Associates, as the Secretarial Auditor of the Company for the financial year ended 31st March, 2025.

The Secretarial Audit Report in Form MR-3, issued by M/s. Vaishnav Associates forms part of this Report and is annexed as Annexure - III. The Report confirms compliance with all applicable provisions of the Companies Act, 2013, the rules made thereunder, and the SEBI Regulations.

The Secretarial Auditors Report does not contain any qualifications, reservations, adverse remarks, or disclaimers. The Board of Directors places on record its appreciation for the diligence, professionalism, and independence with which the audit was conducted.

COST AUDIT

In compliance with the provisions of Section 148(1) of the Companies Act, 2013, read with the applicable rules, your Company has duly maintained the prescribed cost accounts and cost records for the financial year 2024-25.

These cost records were audited by Mr. K. Suryanarayanan, Cost Accountant (Registration No. 102347), who was appointed as the Cost Auditor of the Company for the said year.

Further, based on the recommendation of the Audit Committee, the Board of Directors has re-appointed Mr. K. Suryanarayanan, Cost Accountant (Registration No. 102347), as the Cost Auditor of the Company to conduct the audit of the cost records for the financial year 2025-26.

As required under the Act, the remuneration payable to the Cost Auditor for the financial year 2025-26 is subject to ratification by the shareholders, and a resolution for this purpose forms part of the Notice convening the ensuing Annual General Meeting.

The Board confirms that the cost accounts and records required to be maintained under the Companies Act, 2013, are duly maintained by the Company.

REPORTING OF FRAUDS BY AUDITORS

During the year under review, the Statutory Auditors of the Company have not reported any instances of fraud to the Audit Committee or the Board of Directors, as prescribed under Section 143(12) of the Companies Act, 2013 read with the rules framed thereunder.

EXTRACT OF ANNUAL RETURN

Pursuant to Section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies (Management and Administration) Rules, 2014, the Annual Return of the Company for the financial year ended 31st March, 2025 will be made available on the Companys website at www.kingfaindia.com after it is filed with the Registrar of Companies.

BUSINESS RISK MANAGEMENT

Risk management is an integral part of the Companys business strategy and operations. The Company follows a structured approach to identify, assess, monitor, and mitigate potential risks that may impact its business objectives.

In line with the provisions of Section 134(3)(n) of the Companies Act, 2013 and Regulation 21 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has constituted a Risk Management Committee and adopted a comprehensive Risk Management Policy.

The Policy provides a framework for proactive risk identification and mitigation across strategic, operational, financial, compliance, and environmental areas. The Risk Management Committee regularly reviews emerging risks, monitors the implementation of mitigation measures, and reports its findings and recommendations to the Board.

The details of the composition, role, and terms of reference of the Risk Management Committee are provided in the Corporate Governance Report, which forms part of this Annual Report.

STATUTORY INFORMATION

1. Conservation of Energy, Technology Absorption, and Foreign Exchange Earnings and Outgo

Pursuant to Section 134(3)(m) of the Companies Act, 2013, read with Rule 8(3) of the Companies (Accounts) Rules, 2014, the details relating to conservation of energy, technology absorption, and foreign exchange earnings and outgo are provided in Annexure IV to this Report.

2. Particulars of Employees

During the year under review, no employee drew remuneration exceeding the thresholds prescribed under Section 197 of the Companies Act, 2013, and Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Disclosures required with respect to Section 197(12) of the Companies Act, 2013 are provided in Annexure V to this report.

3. Investor Education and Protection Fund (IEPF)

In compliance with Sections 124 and 125 of the Companies Act, 2013, all unpaid or unclaimed dividends are required to be transferred to the Investor Education and Protection Fund (IEPF) after completion of seven years.

• The Company has duly transferred all unclaimed dividends pertaining to earlier years within the prescribed timelines.

• No dividend was declared during FY 2016-17 to FY 2022-23.

• For FY 2023-24, a dividend was declared on 28th May 2024, and any unpaid or unclaimed amount will be transferred to the IEPF in accordance with statutory requirements.

The Company urges shareholders to claim their unencashed dividends well in advance to avoid transfer to the IEPF.

OTHER DISCLOSURES:

• No application has been made under the Insolvency and Bankruptcy Code; hence the requirement to disclose the details of application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year along with their status as at the end of the financial year is not applicable;

• The requirement to disclose the details of difference between amount of the valuation done at the time of one-time settlement and the valuation done while taking loan from the Banks or Financial Institutions along with the reasons thereof, is not applicable;

• The company complies with the provisions of the Maternity Benefits Act, 1961;

• The financial statements of the Company have been prepared in accordance with Indian Accounting Standard (“Ind AS”) notified under the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016 read with Section 133 of the Companies Act, 2013;

• During the year no companies come or ceased to be its subsidiaries, joint ventures or associate companies;

• Your Company has paid requisite annual listing fees to BSE Limited (BSE) where its securities are listed;

• There was no revision in the Financial Statements;

• The Companys securities were not suspended for trading during the year.

COMPLIANCE OF SECRETARIAL STANDARDS

Your Company has complied with all applicable Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI), including Secretarial Standard on Meetings of the Board of Directors (SS-1) and Secretarial Standard on General Meetings (SS-2), as notified by the Ministry of Corporate Affairs under the Companies Act, 2013.

BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT

In alignment with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has prepared a comprehensive Business Responsibility and Sustainability Report (BRSR). This report outlines the Companys key environmental, social, and governance (ESG) initiatives, performance data, and progress against regulatory expectations and best practices.

Key Features of the BRSR:

• Disclosures on core ESG Key Performance Indicators (KPIs) as prescribed under the BRSR Framework.

• Inclusion of an Independent Assurance Report, reinforcing the reliability and credibility of the sustainability data.

• Demonstrates the Companys commitment to responsible, transparent, and sustainable business performance.

The complete BRSR is available on the Companys website at: https://www.kingfaindia.com/kyc/BRSR_2025.pdf CORPORATE GOVERNANCE AND MANAGEMENTS DISCUSSION & ANALYSIS REPORTS

In compliance with the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Corporate Governance Report and the Managements Discussion & Analysis Report form an integral part of this Annual Report.

The Corporate Governance Report provides a comprehensive overview of the Companys governance framework, Board composition, committee structures, and adherence to ethical and transparent business practices. The Managements Discussion & Analysis Report outlines the industry structure, opportunities, challenges, financial and operational performance, risk management, and future outlook.

Additionally, the following certificates are annexed to this Report:

• Certificate from the Practicing Company Secretary of the Company confirming compliance with the conditions of Corporate Governance as prescribed under the SEBI (LODR) Regulations.

• Certificate of Non-Disqualification of Directors pursuant to Regulation 34(3) read with Schedule V of the SEBI (LODR) Regulations, 2015.

These annexures reinforce the Companys continued commitment to maintaining the highest standards of governance, transparency, and accountability.

ACKNOWLEDGEMENT

The Board of Directors places on record its deep appreciation for the continued trust, confidence, and support extended by the Companys customers, vendors, bankers, business associates, and all other stakeholders. Their partnership has been integral to the Companys sustained growth and success.

The Board also expresses its sincere gratitude to the Companys shareholders for their unwavering confidence and encouragement. Your Directors further acknowledge the commitment, professionalism, and dedication demonstrated by the employees at all (SS-2), as notified by the Ministry of Corporate Affairs under the Companies Act, 2013.The Company looks forward to continued cooperation and support from all stakeholders in its journey toward creating long-term value.

		For and on behalf of the Board of Directors
		KINGFA SCIENCE & TECHNOLOGY (INDIA) LIMITED
	BO JINGEN	DORAISWAMI BALAJI
Place : Pune	Managing Director	Whole Time Director
Date : August 22,2025	DIN :06617986	DIN 08256342