Kody Technolab Ltd Directors Report

To,

The Members,

Kody Technolab Limited

Your Directors hereby present the 8th Boards Report on the Business and Operations of the Company together with the Audited Financial Statements along with the Auditors Report for the Financial Year ended on 31st March, 2025.

1. Financial Results:

The financial performance of the Company for the Financial Year ended on 31st March, 2025 and for the previous financial year ended on 31st March, 2024 is given below:

(Rs. In Lakhs)

Particular	Standalone		Consolidated
	2024-25	2023-24	2024-25	2023-24
Revenue from operations	7,177.18	2,245.70	7,177.18	00
Other Income	125.13	77.74	125.13	00
Total Income	7,302.32	2,323.45	7,302.32	00
Total Expenses	4,899.11	1,672.92	4,899.11	00
Profit / Loss before Exceptional and Extra Ordinary Items and Tax Expenses	2,403.21	650.53	2,403.21	00
Less: Exceptional and Extra Ordinary Items	00	00	00	00
Profit / Loss before Tax Expenses	2,403.21	650.53	2,403.21	00
Less: Current Tax	601.79	186.39	601.79	00
Deferred Tax	39.18	-24.73	39.18	00
Tax Related to Earlier Years	00	00	00	00
Profit / Loss for the Period	1762.24	488.87	1762.24	00
Earnings Per Share (EPS)	-	-	-	-
Basis	13.82	7.67	13.82	00
Diluted	12.46	7.67	12.46	00

2. Operations:

Standalone: The total revenue for Financial Year 2024-25 is Rs. 7,302.32 Lakhs as compared to total revenue of Rs. 2,323.45 Lakhs for previous Financial Year. The Company has incurred Profit before tax for the Financial Year 2024-25 of Rs. 2,403.21 Lakhs as compared to Profit before tax of Rs. 650.53 Lakhs for previous Financial Year. The Net Profit after tax for the Financial Year 2024-25 is Rs. 1,762.24 Lakhs as compared to Net Profit after tax Rs. 488.87 Lakhs as compared for previous Financial Year. The Directors are continuouslhy looking for the new avenues for future growth of the Company and expect more growth in the future period.

Consolidated: The total revenue for Financial Year 2024-25 is Rs. 7,302.32 Lakhs. The Company has incurred Profit before tax for the Financial Year 2024-25 of Rs. 2,403.21 Lakhs. The Net Profit after tax for the Financial Year 2024-25 is Rs. 1,762.24 Lakhs. The Directors are continuously looking for the new avenues for future growth of the Company and expect more growth in the future period.

3. Change In Nature Of Business, If Any:

During the Financial Year 2024-25, while the Company continued to build upon its strong foundation in IT services such as web and mobile app development, custom software solutions, and digital transformation services, it has naturally evolved its offerings in line with market opportunities and emerging technologies. The portfolio now encompasses Intelligent Robotic Solutions, AI services and platforms, integrated software solutions, and IoT-based smart connectivity systems?enabling the Company to deliver end-to-end, technology-driven solutions that combine software, hardware, and AI for diverse industry applications. This strategic broadening of capabilities represents a progression of our core competencies rather than a departure from them, aligning with our long-term vision for sustainable growth and innovation.

4. Weblink Of Annual Return:

Pursuant to Section 92(3) read with Sectionl34(3)(a) of the Act, the Annual Return as on March 31, 2025 is available on the Companys website at www.kodvtechnolab.com.

5. Share Capital

A - Authorised Share Capital: The authorised Equity share capital of the Company as on 31st March, 2025 is Rs. 14,50,00,000/- (Rupees Fourteen Crores Fifty Lakhs Only) divided into 1,45,00,000 (One Crore Forty-Five Lakhs) Equity Shares of Rs. 10/- (Rupees Ten Only) each.

B - Paid Up Share Capital: The paid-up Equity share capital of the Company as on 31st March, 2025 is Rs. 12,74,75,600/- (Rupees Twelve Crore Seventy Four Lakhs Seventy Five Thousand Six Hundred Only) divided into 1,27,47,560 (One Crore Twenty Seven Lakhs Forty Seven Thousand Five Hundred and Sixty) equity shares of Rs. 10/- (Rupees Ten Only).

6. Dividend:

To conserve the resources for future prospect and growth of the Company, your directors do not recommend any dividend for the Financial Year 2024-25 (Previous Year - Nil).

7. Transfer Of Unclaimed Dividend To Investor Education And Protection Fund:

Pursuant to Section 124 of the Companies Act, 2013, the amount of dividend remaining unpaid or unclaimed for a period of seven years shall be transferred to the Investor Education and Protection Fund ("IEPF”). During the year under review, there was no unpaid or unclaimed dividend in the "Unpaid Dividend Account" lying for a period of seven years from the date of transfer of such unpaid dividend to the said account. Therefore, there were no funds which were required to be transferred to Investor Education and Protection Fund.

8. Transfer To Reserves:

The profit of the Company for the Financial Year ending on 31st March, 2025 is transferred to profit and loss account of the Company under Reserves and Surplus.

9. Material Changes And Commitments, If Any, Affecting The Financial Position Of The Company Which Have Occurred Between The End Of The Financial Year To Which The Financial Statements Relates And The Date Of The Report

The wholly owned Subsidiary Company of the i.e. M/s. Kody Media Private Limited has raised an aggregate amount of 71,129.75 Lakhs through a preferential allotment of equity shares of 1,278 equity shares on a cash basis and 107 equity shares for consideration other than cash having a face value of 710 each at an issue price of 788,400 per share, which includes a securities premium of 788,390 per share. Consequent to the said allotment, Kody Media Private Limited has become a subsidiary of the Company.

10. Significant & Material Orders Passed By The Regulators Or Courts Or Tribunals:

There are no significant material orders passed by the Regulators or Courts or Tribunal, which would impact the going concern status of the Company and its future operation.

11. Meetings Of The Board Of Directors:

The Directors of the Company met at regular intervals at least once in a quarter with the gap between two meetings not exceeding 120 days to take a view of the Companys policies and strategies apart from the Board Matters.

During the year under the review, the Board of Directors met 10 (Ten) times viz. 6th May, 2024, 31st May, 2024, 8th June, 2024, 23rd July, 2024, 14th August, 2024, 21st August, 2024,

24th October, 2024, 9th December, 2024, 31st January, 2025 and 29th March, 2025

12. Directors Responsibility Statement

In accordance with the provisions of Section 134 (3)(c) and Section 134(5) of the Companies Act, 2013, to the best of their knowledge and belief the Board of Directors hereby submit that:

A - In the preparation of the Annual Accounts, for the year ended on 31st March, 2025 the applicable accounting standards read with requirements set out under Schedule III to the Act have been followed and there are no material departure 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 at the end of financial year and of the profit of the Company for the financial year ended on 31st March, 2025.

C - The Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of Companies Act, 2013 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 are 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.

13. Corporate Social Responsibility (CSR)

During the year under review Company is covered under the criteria of the provision of Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014. The Company has formed the CSR Committee as per the Section 135 of the Companies Act, 2013. On recommendation of CSR Committee, the Board of Directors of the Company has approved the CSR Policy and also has identified the areas in which Company will spent the required amount as per the provisions of the Companies Act, 2013.

14. Particulars Of Loans, Guarantees, Securities Covered Or Investments Made Under Section 186 Of The Companies Act, 2013:

The details of loans, investment, guarantees and securities covered under the provisions of section 186 of the Companies Act, 2013 are provided in the financial statement.

15. Particulars Of Contracts Or Arrangements Made With Related Parties:

Pursuant to Section 134(3)(h) of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014, the details of contracts/ arrangements entered with related parties in prescribed Form AOC-2, is annexed herewith as Annexure -1 to this Report.

16. Management Discussion And Analysis Report:

The Management Discussion and Analysis Report as required under Regulation 34 and Schedule V of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 forms an integral part of this Report, and provides the Companys current working and future outlook as per Annexure - II.

17. Internal Financial Control Systems And Their Adequacy:

The Company has in place adequate internal financial controls with reference to financial statement across the organization. The same is subject to review periodically by the internal audit cell for its effectiveness. During the financial year, such controls were tested and no reportable material weaknesses in the design or operations were observed. The Statutory Auditors of the Company also test the effectiveness of Internal Financial Controls in accordance with the requisite standards prescribed by ICAI. Their expressed opinion forms part of the Independent Auditors report.

Internal Financial Controls are an integrated part of the risk management process, addressing financial and financial reporting risks. The internal financial controls have been documented, digitized and embedded in the business processes.

Assurance on the effectiveness of internal financial controls is obtained through management reviews, control self-assessment, continuous monitoring by functional experts. We believe that these systems provide reasonable assurance that our internal financial controls are designed effectively and are operating as intended.

During the year, no reportable material weakness was observed.

18. Reserves & Surplus

(Rs. In Lakhs)

Sr. No.	Particulars	Amount
01	Balance At The Beginning Of The Year	605.65
02	Securities Premium Account	1,825.27
03	Current Years Profit	1,762.24
	Total	4,192.96

19. Statement Concerning Development And Implementation Of The Risk Management Policy Of The Company:

The Company has framed formal Risk Management framework for risk assessment and risk minimization for Indian operation which is periodically reviewed by the Board of Directors to ensure smooth operations and effective management control. The Audit Committee also reviews the adequacy of the risk management frame work of the Company, the key risks associated with the business and measures and steps in place to minimize the same.

20. Conservation Of Energy, Technology Absorption, Foreign Exchange Earnings And Outgo:

The details of conservation of energy, technology absorption. Foreign Exchange Earnings and Outgo etc. as required to be given under section 134(3)(m) of the Companies Act 2013 read with the Companies (Accounts) Rules, 2014, is as below.

(Rs. In Lakhs)

Sr. No.	Foreign exchange earnings and outgo	F.Y. 2024-25	F.Y. 2023-24
01	Foreign Exchange Earnings	7,018.11	1,164.59
02	CIF Value Of Imports	3.99	20.16
03	Expenditure In Foreign Currency	101.12	1.99
04	Value Of Imported And Indigenous Raw Materials, Spare-Parts And Components Consumption	00	20.16

21. Policy On Directors Appointment And Remuneration:

The Remuneration policy is directed towards rewarding performance based on review of achievements on a periodical basis. The remuneration policy is in consonance with the existing industry practice and is designed to create a high- performance culture. It enables the Company to attract, retain and motivate employees to achieve results. The Company has made adequate disclosures to the members on the remuneration paid to Directors from time to time. The Companys Policy on directors appointment and remuneration including criteria for determining qualifications, positive attributes, independence of a director and other matters provided under Section 178 (3) of the Act is available on the website of the Company at www.kodvtechnolab.com.

22. Disclosures Relating To Holding, Subsidiary, Associate Company And Joint Ventures:

The details regarding Holding / Subsidiary/Associate Company and Joint Venture of the Company during the period under review is as follow:

i. On 23rd July, 2024, Company has incorporated a Subsidiary Company i.e. M/s. Kody Middle East Holding LLC. M/s. Kody Technolab Limited has agreed to subscribe 75% of Share Capital (AED) in M/s. Kody Middle East Holding LLC.

ii. On 10th January, 2025, Company has incorporated a Wholly Owned Subsidiary i.e. M/s. Kody Media Private Limited, Company has subscribed 99.99% of share capital in M/s. Kody Media Private Limited.

iii. On 24th January, 2025, the Company along with Platinum Group for Businessmen Services LLC has entered into Joint Venture agreement and has incorporated M/s. Falcon Tech Robotics LLC.

iv. On 29th March, 2025 Company has entered into a Joint Venture Agreement with M/s. Vira Drones SA, a Company incorporated under the appropriate laws of the Switzerland.

Statement containing salient features of the Financial Statement of Associate pursuant to section 129(3) of the Companies Act, 2013 read with Rule 5 of Companies (Accounts) Rules, 2014 in Form No. AOC-1 is enclosed herewith as Annexure - III.

23. Secretarial Standards:

During the year under review, the Company has complied with the applicable Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI). The Company has devised proper systems to ensure compliance with its provisions and is in compliance with the same.

24. Reporting Of Frauds By The Auditors:

During the year under review, neither the Statutory nor the Secretarial Auditors has reported to the Audit Committee under Section 143(12) of the Companies Act, 2013 any instances of fraud committed against the Company by its officers or employees, the details of which would need to be mentioned in the Boards Report.

25. State Of Companys Affairs:

Management Discussion and Analysis Report for the year under review, as stipulated in Regulation 34(2)(e) of SEBI Listing Regulations is given as a separate part of the Annual Report. It contains a detailed write up and explanation about the performance of the Company.

26. Statement On Annual Evaluation Of Boards Performance:

The Board evaluated the effectiveness of its functioning, that of the Committees and of individual Directors, pursuant to the provisions of the Act and SEBI Listing Regulations. The Board sought the feedback of Directors on various parameters including:

> Degree of fulfillment of key responsibilities towards stakeholders (by way of monitoring corporate governance practices, participation in the long-term strategic planning, etc.);

> Structure, composition, and role clarity of the Board and Committees;

> Extent of co-ordination and cohesiveness between the Board and its Committees;

> Effectiveness of the deliberations and process management;

> Board / Committee culture and dynamics and

> Quality of relationship between Board Members and the Management

The above criteria are broadly based on the Guidance Note on Board Evaluation issued by the Securities and Exchange Board of India on January 5,2017.

The Chairman of the Board had one-on-one meetings with each Independent Director and the Chairman of the Nomination and Remuneration Committee had one-on-one meetings with each Executive and Non-Executive, Non-Independent Directors. These meetings were intended to obtain Directors inputs on effectiveness of the Board/ Committee processes.

In a separate meeting of Independent Directors, performance of Non-Independent Directors, the Board as a whole, and the Chairman of the Company was evaluated, taking into account the views of Executive Directors and Non-Executive Directors.

The Nomination and Remuneration Committee reviewed the performance of the individual directors and the Board as a whole.

In the Board meeting that followed the meeting of the independent directors and the meeting of Nomination and Remuneration Committee, the performance of the Board, its committees, and individual directors was discussed.

The evaluation process endorsed the Board Members confidence in the ethical standards of the Company, the resilience of the Board and the Management in navigating the Company during challenging times, cohesiveness amongst the Board Members, constructive relationship between the Board and the Management, and the openness of the Management in sharing strategic information to enable Board Members to discharge their responsibilities and fiduciary duties.

The Board carried out an annual performance evaluation of its own performance and that of its committees and individual directors as per the formal mechanism for such evaluation adopted by the Board. The performance evaluation of all the Directors was carried out by the Nomination and Remuneration Committee.

The performance evaluation of the Chairman, the NonIndependent Directors and the Board as a whole was carried out by the Independent Directors. The exercise of performance evaluation was carried out through a structured evaluation process covering various aspects of the Board functioning such as composition of the Board & committees, experience & competencies, performance of specific duties & obligations, contribution at the meetings and otherwise, independent judgment, governance issues etc.

Pursuant to the provisions of the Companies Act, 2013 and SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board has carried out the annual performance evaluation of the Directors individually as well as evaluation of the working of the Board by way of individual feedback from directors.

The evaluation frameworks were the following key areas:

A - For Non-Executive & Independent Directors:

> Knowledge

> Professional Conduct

> Comply Secretarial Standard issued by ICSI Duties

> Role and functions

A - For Non-Executive & Independent Directors:

> Performance as leader

> Evaluating Business Opportunity and analysis of Risk Reward

> Scenarios

> Key set investment goal

> Professional conduct and integrity

> Sharing of information with Board.

> Adherence applicable government law

The Directors expressed their satisfaction with the evaluation process.

27. Managing The Risks Of Fraud, Corruption And Unethical Business Practices:

A - Vigil Mechanism / Whistle Blower Policy: The

Company has established vigil mechanism and framed whistle blower policy for Directors and employees to report concerns about unethical behavior, actual or suspected fraud or violation of Companys Code of Conduct or Ethics Policy.

B - Business Conduct Policy: The Company has framed “Business Conduct Policy". Every employee is required to review and sign the policy at the time of joining and an undertaking shall be given for adherence to the policy. The objective of the policy is to conduct the business in an honest, transparent and in an ethical manner. The policy provides for anti-bribery and avoidance of other corruption practices by the employees of the Company.

28. Particulars Of Employees:

The provisions of Rule 5(2) & (3) of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014 are not applicable to the Company as none of the Employees of the Company has received remuneration above the limits specified in the Rule 5(2) & (3) of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014 during the financial year 2024-25.

29. Loan From Director / Relative Of Director:

During the year under review, the Company has not entered into any materially significant related party transactions which may have potential conflict with the interest of the Company at large. Suitable disclosures as required are provided in AS-18 which is forming the part of the notes to financial statement.

30. Directors And Key Managerial Personnel:

The Directors and Key Managerial Personnel of the Company are summarized below:

Sr. No.	Name	Designation	DIN/PAN
01	Mr. Manav Patel	Managing Director	07409757
02	Mrs. Manali Patel	Whole-Time Director	07792457
03	Ms. Pooja Patel	Non-Executive Director	07792474
04	Mr. Bhoomik Patel	Independent Director	10094552
05	Mr. Harshil Gajjar	Independent Director	10094554
06	Mr. Sanjaykumar Kidecha1	Chief Financial Officer	FUMPK9310J
07	Ms. Sanchita Ojha5	Company Secretary	AEMP02106F
08	Mr. Sanjaykumar Kidecha1	Chief Operating Officer	FUMPK9310J
09	Mr. Niraj Sanghvi2	Chief Financial Officer	AAFPS2912L
10	Mr. Pramod Vasave3	Independent Director	10705184
11	Mr. Neeraj Kumar Srivastava4	Non-Executive Director	10709963
12	Ms. Preeti Tolani6	Company Secretary	CAKPT2759K

1 Mr. Sanjaykumar Kidecha has resigned from the post of Chief Financial Officer of the Company w.e.f. 8th June, 2024 and has been appointed as Chief Operating Officer of the Company w.e.f. 8th June, 2024

2 Mr. Niraj Sanghvi has been appointed as Chief Financial Officer of the Company w.e.f. 8th June, 2024

3 Mr. Pramod Vasave has been appointed as Independent Director of the Company w.e.f. 23rd July, 2024

4 Mr. Neeraj Kumar Srivastava has been appointed as Non-Executive Director of the Company w.e.f. 23rd July, 2024

5 Ms. Sanchita Ojha has resigned from the post of Company Secretary of the Company w.e.f. 2nd June, 2025

6 Ms. Preeti Tolani has been appointed as Company Secretary of the Company w.e.f. 30th May, 2025

Apart from the above changes, there were no other changes in the composition of the Board of Directors of the Company during the Financial Year 2024-25 and till the date of Boards Report.

As per Companies Act, 2013, the Independent Directors are not liable to retire by rotation.

31. Declaration By Independent Directors:

Mr. Harshil Gajjar, Mr. Bhoomik Patel and Mr. Pramod Vasave, Independent Directors of the Company have confirmed to the Board that they meet the criteria of Independence as specified under Section 149 (6) of the Companies Act, 2013 and they qualify to be Independent Director. They have also confirmed that they meet the requirements of Independent Director as mentioned under Regulation 16 (1) (b) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The confirmations were noted by the Board.

32. Corporate Governance:

Since the Company has listed its specified securities on the SME Exchange therefore by virtue of Regulation 15 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 the compliance with the corporate governance provisions as specified in regulations 17 to 27 and clauses (b) to (i) of subregulation (2) of regulation 46 and Para C, D and E of Schedule V are not applicable to the Company. Hence, Corporate Governance does not form part of this Boards Report.

33. Deposits:

As per Section 73 of the Companies Act, 2013, the Company has neither accepted nor renewed any deposits during the financial year. Hence, the Company has not defaulted in repayment of deposits or payment of interest during the financial year.

34. Formal Annual Evaluation Process By Board:

Pursuant to the provisions of the Companies Act, 2013 and Rules made thereunder, the Board has carried the evaluation of its own performance, performance of Individual Directors, Board Committees, including the Chairman of the Board on the basis of attendance, contribution towards development of the Business and various other criteria as recommended by the Nomination and Remuneration Committee of the Company. The evaluation of the working of the Board, its committees, experience and expertise, performance of specific duties and obligations etc. were carried out. The Directors expressed their satisfaction with the evaluation process and outcome.

In a separate meeting of Independent Directors, the performances of Executive and Non - Executive Directors were evaluated in terms of their contribution towards the growth and development of the Company. The achievements of the targeted goals and the achievements of the expansion plans were too observed and evaluated, the outcome of which was satisfactory for all the Directors of the Company.

35. Auditors:

A - Statutory Auditor: M/s. Khandhar & Associates, Chartered Accountants, (Firm Registration No. 118940W), Ahmedabad, were appointed as the Statutory Auditors of the Company.

The Auditors report for the Financial Year ended 31st March, 2025 has been issued with an unmodified opinion, by the Statutory Auditor.

B - Secretarial Auditor: The Board of Directors pursuant to Section 204 of the Companies Act, 2013 read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, has appointed Mr. Jitendra Parmar, Proprietor of M/s. Jitendra Parmar & Associates, Company Secretaries, as a Secretarial Auditor of the Company to conduct Secretarial Audit for the Financial Year 2024-25.

The Secretarial Audit Report for the Financial Year 2024-25 is annexed herewith as Annexure - IV in Form MR-3.

The report of the Secretarial auditor has not made any adverse remark in their Audit Report except:

A. Compliance of SEBI Circular No: SEBI / HO / DDHS / DDHS - RACPOD1 / P / CIR / 2023 / 172 dated October 19, 2023 i.e. Nonfiling of Annual Disclosures of Non-applicability of Large Corporate for FY 2023-24.

Reply:

We confirm that for the financial year 2023-24, the Company does not fall under the definition of a "Large Corporate" as prescribed in the aforementioned SEBI circular. As such, the requirement to file the annual disclosure in the prescribed format is not applicable to the Company.

C - Internal Auditor: The Board of directors has appointed M/s. Sorab S Engineers & Co., (FRN: 110417W), Ahmedabad, as the internal auditor of the Company. The Internal Auditor conducts the internal audit of the functions and operations of the Company and reports to the Audit Committee and Board from time to time.

36. Disclosures

A - Composition Of Audit Committee: During the year under review, meetings of members of the Audit committee as tabulated below, was held on 6th May, 2024,31st May, 2024,8th June, 2024, 21st August, 2024 and 24th October, 2024 the attendance records of the members of the Committee are as follows:

Name	Status	No. of the Committee Meetings Entitled	No. of the Committee Meetings Attended
Mr. Bhoomik Patel	Chairman	5	5
Mr. Harshil Gajjar	Member	5	5
Mr. Manav Patel	Member	5	5

B - Composition of Nomination and Remuneration Committee: During the year under review, meetings of the members of the Nomination and Remuneration committee, as tabulated below, was held on 8th June, 2024 and 23rd July, 2024 and the attendance records of the members of the Committee are as follows:

Name	Status	No. of the Committee Meetings Entitled	No. of the Committee Meetings Attended
Mr. Bhoomik Patel	Chairman	2	2
Mr Harshil Gajjar	Member	2	2
Ms. Pooja Patel	Member	2	2

C - Composition of Stakeholders Relationship Committee: During the year under review, meetings of members of Stakeholders Relationship committee as tabulated below, was held on 14th August 2024 and 29th March, 2025 and the attendance records of the members of the Committee are as follows:

Name	Status	No. of the Committee Meetings Entitled	No. of the Committee Meetings Attended
Mr. Bhoomik Patel	Chairman	2	2
Mr Harshil Gajjar	Member	2	2
Ms. Manali Patel	Member	2	2

D - Composition of Corporate Social Responsibility Committee: During the year under review, meetings of members of Corporate Social Responsibility committee as tabulated below, was held on 21st August, 2024 and the attendance records of the members of the Committee are as follows:

Name	Status	No. of the Committee Meetings Entitled	No. of the Committee Meetings Attended
Mr. Harshil Gajjar	Chairman	1	1
Mr. Pramod Vasave	Member	1	1
Ms. Manali Patel	Member	1	1

37. Disclosures Under Sexual Harassment Of Women At Workplace (Prevention, Prohibition & Redressal)

Act, 2013:

The Company has always been committed to provide a safe and conducive work environment to its employees. Your Directors further state that during the year under review there were no cases filed pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 as confirmed by the Internal Complaints Committee as constituted by the Company.

The following no. of complaints was received under the POSH Act and the rules framed thereunder during the year:

a. Number of complaints filed during the financial year - NIL

b. Number of complaints disposed of during the financial year - NIL

c. Number of complaints pending as on end of the financial year - NIL

38. Industrial Relations:

The Directors are pleased to report that the relations between the employees and the management continued to remain cordial during the year under review.

39. Maintenance Of Cost Records:

According to information and explanation given to us, the Central Government has not prescribed maintenance of cost records under section 148(1) of the Act in respect of activities carried out by the Company.

40. The Details Of Application Made Or Any Proceeding Pending Under The Insolvency And Bankruptcy Code, 2016:

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

41. The Details Of Difference Between Amount Of The Valuation Done At The Time Of One Time Settlement And The Valuation Done While Availing Loan From The Banks And Financial Institutions:

During the year under review, there has been no one time settlement of Loans taken from Banks and Financial Institutions.

42. Acknowledgements:

Your Directors would like to express their sincere appreciation for the co-operation and assistance received from the Bankers, Regulatory Bodies, Stakeholders including Financial Institutions, Suppliers, Customers and other business associates who have extended their valuable sustained support and encouragement during the year under review.

Your Directors take this opportunity to recognize and place on record their gratitude and appreciation for the commitment displayed by all executives, officers and staff at all levels of the Company. We look forward for the continued support of every stakeholder in the future.

Registered Office:		By the order of the Board,
2nd Floor .Block-J, Safal Mondeal Retail Park,		Kody Technolab Limited
Nr. Iscon Mall, Nr Rajpathclub, S.G Highway,
Bodakdev Ahmadabad - 380054
Place: Ahmedabad	Manav Patel	Manali Patel
	Managing Director	Whole-Time Director
Date: 19th August, 2025
	DIN: 07409757	DIN: 07792457