Lakshya Powertech Ltd Directors Report

Dear Members

The Board of Directors of your Company are pleased to present the 14th Annual Report of the Company, accompanied by the Audited Financial Statements for the financial year ended March 31, 2026. This report highlights the continued development and robust momentum of the Company throughout the year while giving insight into the business and operational information of the Company.

We trust that the insights and financial performance detailed in this report will reflect our commitment to excellence, our achievements and the strategic initiatives that have driven our success.

1. SYNOPSIS OF FINANCIAL PERFORMANCE AND KEY HIGHLIGHTS

The summarized comparison of Financial Performance of the Company for the FY 2025-26 and the FY 2024-25 is given below:

(Rs in Lakhs except EPS)

Particulars	Standalone FY 2025-26	Standalone FY 2024-25	Consolidated FY 2025-26	Consolidated FY 2024-25
Revenue from Operations & Other Income (Total Income)	18,079.68	16,133.31	18,079.68
Less: Operating and Administrative Expenses	15989.68	13746.13	16,001.45
Profit Before Interest, Tax & Depreciation (EBITDA)	2090.00	2387.18	2,078.23
Less: Finance Cost	582.11	372.03	582.11
Less: Depreciation & Amortization Expenses	98.89	67.30	98.89
Profit before prior-period items, extraordinary items and tax	1409.00	1947.85	1,397.23
Less: Prior-Period Items	0.00	0.00	0.00
Profit before extraordinary items and tax	1409.00	1947.85	1,397.23
Less: Extraordinary items	0.00	3.08	0.00
Profit Before Tax (PBT)	1409.00	1944.77	1,397.23
Less: Total Tax Expenses	395.10	364.59	395.10
Net Profit/(Loss) After Tax	1013.90	1580.18	1,002.13
Weighted Average number of shares outstanding (at the F.V. of Rs. 10/- each)	1,00,83,920	85,41,787	1,00,83,920.00
Earning Per Equity Share - (Basic & Diluted) (Rs.)	10.06	18.50	9.94
				Not Applicable

Key Highlights on Standalone basis:

Total Income: The total income increased by 12.06 % to Rs 18,079.68 Lakh in comparison to Rs 16,133.31 Lakh in Previous financial year.

EBITDA: The EBITDA decreased by 12.45 % to Rs 2090.00 Lakh in comparison to Rs 2387.18 Lakh in Previous financial year.

PAT: The PAT of the Company decreased by 35.84 % to Rs 1013.90 Lakh in comparison to Rs 1580.18 Lakh in Previous financial year.

2. BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The Audited Financial Statements for the FY 2025-26, forming part of this Annual Report, have been prepared in accordance with Accounting Standards notified under Section 133 of the Companies Act, 2013 (the "Act") and presentation requirements of the Schedule III of the Companies Act, 2013.

In accordance with the provisions of Section 136(1) of the Act, the Company has duly placed on its website "www.lakshyapowertech.com" the Annual Report of the Company comprising therein its Financial Statements for the FY 2025-26.

3. SHARE CAPITAL AND CHANGES THEREON

During FY 2025-26, following changes have taken place in the share capital structure of the Company:

Nature of shares		As on March 31, 2025 (No. of shares)	Addition/reduction (No. of shares)	As on March 31, 2026 (No. of shares)
Authorised Share	Equity share (F.V. Rs. 10/-)	1,10,00,000	0	1,10,00,000
	Preference share (F.V. Rs. 10/-)	40,00,000	0	40,00,000
Issued, subscribed & paid-up shares	Equity share (F.V. Rs. 10/-)	1,00,83,920	0	1,00,83,920
	Preference share (F.V. Rs. 10/-)	20,00,000	(20,00,000)	0

4. LISTING INFORMATION

The equity shares of the Company have been listed on EMERGE platform of NSE as on October 23, 2024.

The annual listing fees for the FY 2026-27 has been duly paid to the Stock Exchange.

Further the Annual Custody Charges to National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) for the FY 2025-26 has also been paid.

5. TRANSFER TO RESERVES

During the year under review, the Company redeemed 20,00,000 preference shares with premium of Rs 1,32,00,000 as per the terms & conditions agreed while issuing the shares. Accordingly, in terms of Clause D of second proviso to Section 55(2) of the Act, premium of Rs 1,32,00,000 was provided from the accumulated profits of the Company.

Further, in term of Clause C of second proviso to Section 55(2) of the Act, on redemption of preference shares, an amount equal to the nominal value of preference shares i.e. Rs 2,00,00,000 was transferred to the Capital Redemption Reserve of the Company, from the profits of the Company.

After providing or transferring an amount as stated in above two paras(s) from the Profits of the Company, the accumulated profit as on March 31, 2026 stood at Rs 37,28,04,397.

6. DIVIDEND

The Management of the Company believes that to fuel the ongoing projects & future growth plans, the Company will require funds. This investment of the Company will reap benefits for the Shareholders in the long-term. Retained funds will help the Company to make the capital investment, if required, and to run the working capital cycle smoothly. The Management of the Company intends to rely more on internal funds rather than using third party funds which will cost the Company more compared to internal funds. Considering this, the Company does not recommend any dividend for the FY 2025-26.

Pursuant to Regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as "Listing Regulations"), the Company is not required to formulate a ‘Dividend Distribution Policy as the Company does not fall into the criteria of top 1000 listed entities based on market capitalization as on March 31, 2026.

7. DEPOSITS

During the year under review, the Company has not accepted, renewed and repaid any deposits, and also there is no outstanding deposits as on March 31, 2026.

8. INFORMATION OF SUBSIDIARY / WHOLLY OWNED SUBSIDIARY / JOINT VENTURES / ASSOCIATE COMPANIES

During this financial year, your Company has acquired 1 (One) Wholly-owned Subsidiary (WOS), Lakshya Powertech Contracting LLC and 1 (One) Subsidiary Company, Lakshya EPC Private Limited. In Lakshya EPC Private Limited, your Company holds 51 % (Fifty – One percent) equity shares. Lakshya EPC is also a Joint Venture of your Company and Multitex Filteration Engineers Limited. The Joint Venture became effective from April 02, 2026.

The WOS is based at Dubai, United Arab Emirates, operating under the brand name of "LAKSHYA". This Subsidiary will help the Company to penetrate the Middle East market which will present abundant opportunities for the Company in the upcoming years.

Lakshya EPC on other hand has been acquired to undertake various projects in collaboration with Multitex Filteration Engineers Limited.

In compliance with the Section 129 (3) of the Act read with the Rule 5 of the Companies (Accounts) Rules, 2014, form AOC-1 containing the salient features of the financial statements of the Subsidiaries is provided hereinbelow as Annexure-A.

9. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

{Pursuant to Section 186 of the Act read with relevant rules thereunder}

The details of loans granted, guarantees or security given and investments made during the FY 2025-26 in terms of the Section 186 of the Act, are provided in the notes to the Financial Statements which forms an integral part of this Annual Report.

10. CHANGES IN THE NATURE OF BUSINESS

The Company did not undergo any change in the nature of its business during the FY 2025-26.

11. CORPORATE SOCIAL RESPONSIBILITY ("CSR")

{Pursuant to Section 135 of the Act read with relevant Rules thereunder }

Corporate Social Responsibility (CSR) works on principle of just, fair and proper distribution of resources among all the classes of Society. Each citizen has equal right on all the resources of the Country. When Corporates use these resources to do their business, an unequal distribution of resources in favour of Corporates arises, and sometimes the Corporates enjoy the resources for which a Society pays the cost. Therefore, it becomes morale responsibility of the Corporates to balance the disadvantages the Society bears by returning the benefits of their economic activity to the Society. By forming Section 135 of the Act, the Authority endeavoured to ensure that the Corporates return the benefits earned from their economic activity to the Society.

CSR is more than compliance for your Company. If we talk about any Company operating in economy, it withdraws its resources from the society, or of Society which are available for Society at large. A society has equal rights on these resources of the Country as any Corporate. Therefore, it becomes mandatory for the Corporates to return the benefits of the resources which have been utilized by it.

In alignment with the above philosophy, your Company is also committed to return the benefits of its economic activity to the Society. Based on CSR criteria as given in the Section 135 of the Act, your Company was required to spend Rs 28,77,746 towards CSR. Your Company has spent this entire amount in alignment with the CSR policy of the Company.

The brief outline of the CSR Policy of the Company and the activities undertaken by the Company on CSR during the FY 2025-26 and relevant details are set out in "Annexure-B" which forms an integral part of this Boards Report.

The CSR Policy is available on the Companys website at: https://lakshyapowertech.com/lib/investors/725829.pdf.

The Company is not required to formulate the CSR Committee pursuant to Section 135 (9) of the Act as the Company does not have CSR spending exceeding Rs. 50 lakhs. Therefore, the Board monitors the implementation of CSR policy and ensures that the CSR activities as mentioned in policy are in line with Schedule VII of the Act and undertaken accordingly by the Company.

12. ENVIRONMENT, HEALTH AND SAFETY (EHS)

Your Company well understands its responsibility towards Environment, and Health and Safety of the workforce. We have dedicated department to look after Environment, Health and Safety issues. It would be baseless to say that our activities do not pollute the environment, or it do not pose any kind of risk to the health and safety of our workforce. The environment pollution and risk to the health and safety of the workforce go hand in hand with the business activities. We, even if we want, cant commit that our activity will not pollute the environment, or pose risk to the health and safety of the workforce. What we can do is to take mitigative measures to ensure that the pollution and risk to the health and safety of our workforce arising from our business activities are mitigated to the extent possible. Towards this, HSE department of our Company takes pro-active measures.

Whenever we undertake any activity which may pollute the environment, we assure that we have all the necessary approvals from the appropriate Authority before commencing such activity. Apart from securing the approval, we try to restore the situation, to the extent possible, if pollution has been caused due to our activities.

From safety perspective also, we strictly do not permit any Worker to perform any task on any of our site unless he has taken all the safety measures like wearing safety suit, helmet, shoes and all the safety equipments that are necessary to ensure safety of the worker. The Workforce is regularly provided with the drills on how to act and what measures to be taken when encountered with the situation posing risk to their health and safety.

Our all the sites are well compliant with the applicable Rules and Regulations pertaining to Environment, Health and Safety.

13. PREVENTION OF SEXUAL HARASSMENT OF EMPLOYEE AT WORKPLACE

{Pursuant to the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (as amended) and relevant provisions of the Act}

We believe in philosophy that the dignity of each human should be maintained regardless of gender, background, position, race, creed, religion etc. Your Company always attempts to promote the environment where women can work freely without any kind of discrimination, bias, prejudice, and all forms of harassment, including sexual harassment. When it comes to prevention of sexual harassment of Women at workplace, we have strict policy, rules and Committee which ensures that Women feel safe at workplace and can work freely.

The Company firmly upholds the principle that "Prevention is better than cure" and takes proactive measures to ensure that its workplace culture reflects zero tolerance for inappropriate behaviour. In alignment with this vision, the Company has adopted a comprehensive policy on the "Prevention, Prohibition, and Redressal of Sexual Harassment at the Workplace", in accordance with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

As part of its commitment:

- An Internal Complaints Committee (ICC) has been duly constituted in the Company in compliance with the legal requirements, comprising trained members equipped to handle complaints sensitively and effectively.

- Awareness and sensitization programs are regularly conducted to educate employees about respectful workplace behaviour, rights, responsibilities, and the mechanisms available for grievance redressal.

- The Company encourages a culture of openness and trust, empowering employees to report any instance of harassment or misconduct without fear of retaliation.

By institutionalizing these safeguards and fostering a culture of accountability and mutual respect, company reaffirms its dedication to building a positive and empowering workplace for all.

The status of the complaints is given below for the FY 2025-26:

1. The number of sexual harassment complaints received during the year - 0

2. The number of such complaints disposed of during the year - 0

3. The number of cases pending for a period exceeding ninety days – 0

14. COMPLIANCE WITH THE MATERNITY BENEFIT ACT, 1961

We hereby affirm that during the FY 2025-26, the Company has fully complied with the provisions of the Maternity Benefit Act, 1961. This commitment reflects our unwavering dedication to creating a supportive and inclusive workplace, where the health, dignity, and well-being of our women employees are respected and safeguarded. We recognize the profound importance of motherhood and are proud to uphold policies that empower women to balance their professional and personal lives with care and confidence.

15. AUDITORS

(a) Statutory Auditors

{Pursuant to Section 139, 141 and 142 of the Act read with relevant Rules thereunder}

M/s. Goyal Goyal & Co., Chartered Accountants (Firm Registration No. 015069C) was appointed as the Statutory Auditor of the Company to hold office for a term of five (5) years from the conclusion of 12th AGM to 17th AGM (i.e. for the FY 2024-25 to FY 2028-29) and the approval of the Shareholder of the Company has been obtained in the 12th AGM held on July 29, 2024.

The Independent Auditors Report on the Audited Financial Statements of the Company for the FY 2025-26 has no audit qualifications, reservations, adverse remarks or disclaimer. Also, the said Auditors have not reported any matter under Section 143(12) of the Act.

(b) Secretarial Auditors

{Pursuant to the provisions of Section 204 of the Act read with relevant Rules thereunder}

M/s H M & Associates, Company Secretaries, the Secretarial Auditors of the Company has conducted the audit of secretarial records for the FY 2025-26. The Secretarial Auditor was appointed in the Annual General Meeting of the Company held on September 29, 2025 for the 5 (Five) financial years from FY 2025-26 to FY 2029-30.

Secretarial Audit Report

The Secretarial Audit Report is annexed with the Boards Report as "Annexure-C" and has no qualifications, reservations, adverse remarks or disclaimer therein for the FY 2025-26.

(c) Cost Auditors

{Pursuant to Section 148 of the Act read with relevant Rules thereunder}

In compliance with the above provisions, the Company ensures the preparation and maintenance of cost records of the Company on annual basis. M/s J.B.Bhatt & Co, Cost Accountants (FRN: 003871), has conducted the audit of Cost Records for the FY 2025-26 with no audit qualifications, reservations, adverse remarks or disclaimer in their Cost Audit Report.

Further, the Board has re-appointed M/s J.B.Bhatt &Co, Cost Accountants (FRN: 003871), as Cost Auditors to conduct the audit of cost records of the Company for the FY 2026-27; the consent along with a certificate confirming their independence and arms length relationship has been duly received by the Company from the said Auditors.

The Ordinary Resolution seeking approval from the Members for ratification of remuneration to be paid to the said Cost Auditors for the FY 2026-27, forms a part of the Notice of this Annual General Meeting.

(d) Internal Auditors

(Pursuant to Section 138 of the Act read with relevant Rules thereunder}

M/s Gamara & Associates, Chartered Accountants (FRN: 133830W) have conducted the Internal Audit for the FY 2025-26. The Internal Auditors Report contained few suggestions which have been implemented by the Company.

16. INTERNAL CONTROL SYSTEMS AND ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH RESPECT TO THE FINANCIAL STATEMENTS

{Pursuant to provisions of Section 134(5) of the Act read with relevant Rules thereunder}

Your Company has robust Internal Control System with various checks, protocols and control for each process leaving no scope for error or fraud. No one, starting from top management to bottom management is allowed to bypass the process. The policies of the Companies are framed in a way to ensure that the flow of approval is followed while allowing for exceptions for unseen exigencies.

We have in-house internal audit department which ensures that the expenses are made with proper approvals. If internal auditor finds any lapses, the same is highlighted to the Management prior to proceeding further. On quarterly basis, Internal Audit is being carried out to find out any errors, mistakes, lapses, fraud or embezzlement.

With regards to the Internal Control System of the operations, we have set of policies, rules and established hierarchy. Before taking any decision pertaining to operations of the Company except for the unseen exigencies, these policies, rules and hierarchy are strictly followed.

17. REPORTING OF FRAUDS BY THE STATUTORY AUDITORS

{Pursuant to Section 143(12) of the Act read with relevant Rules thereunder}

There was no instance of fraud during the FY 2025-26, which required the Statutory Auditors to report to the Audit Committee and / or Board. Therefore, there exists no details to be disclosed in this Boards Report pursuant to Section 134(3) of the Act.

18. CORPORATE GOVERNANCE REPORT

Pursuant to exemption granted to the SME listed Companies under Regulation 15(2)(b) of the Listing Regulations, the requirement of submission of Corporate Governance Report as a part of the Annual Report is not applicable to the company. Accordingly, the said report is not annexed with the Boards Report.

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

{Pursuant to Section 134(3)(m) of the Act read with relevant Rules thereunder}

The information on conservation of energy, technology absorption, foreign exchange earnings and outgo is annexed as "Annexure-D" which forms an integral part of this Boards Report.

20. DISCLOSURE RELATING TO REMUNERATION OF DIRECTORS, KEY MANAGERIAL PERSONNEL AND PARTICULARS OF EMPLOYEES

{Pursuant to Section 197(12) of the Act read with relevant Rules thereunder}

The details of remuneration of Directors, Key Managerial Personnel and Particulars of Employees and other information required, are annexed as "Annexure-E" which forms an integral part of this Boards Report.

21. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

{Pursuant to Regulation 34 of the Listing Regulations}

A comprehensive Management Discussion and Analysis Report for the FY 2025-26 inclusive of several significant aspects of your Companys performance and the industry landscape which includes Companys business operations and performance review, global & Indian industry trends, key financial ratios and other required details is annexed as "Annexure-F" which forms an integral part of this Boards Report.

22. RELATED PARTY TRANSACTIONS

{Pursuant to Section 134(3)(h) and 188 of the Act and Regulation 23 of the Listing Regulations}

Your Company is committed to adhere the highest standards of corporate governance, transparency and accountability. In compliance with the corporate governance standards, Related Party Transaction Policy and Section 177 & 188 of the Act, all the transactions entered with the related parties during the financial year are in the ordinary course of business and at arms length basis.

A statement showing particulars of contracts and arrangements with related parties in the prescribed Form-AOC-2 is annexed as "Annexure-G" which forms an integral part of this Boards Report.

A policy on Related Party Transactions was amended during the year to reflect the changes in the Related Party Transactions provisions of the Listing Regulations, in the Board Meeting held on August 30, 2025. The policy is available on the website of the Company at: https://lakshyapowertech.com/lib/investors/702882.pdf

23. MATERIAL CHANGES

There were no material changes and commitments during the financial year affecting the financial position of the company.

24. DIRECTORS RESPONSIBILITY STATEMENT

{Pursuant to Section 134(3)(c) and Section 134(5) of the Act read with relevant Rules thereunder}

For the Directors Responsibility Statement in relation to financial statements of the Company for the year ended on March 31, 2026, the Board of Directors states that:

a. in the preparation of the annual accounts, the applicable accounting standards had been followed and there are no material departures from the same;

b. the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2026 and of the profit and loss of the Company for the financial year ended on March 31, 2026;

c. the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d. the annual accounts / financial statements have been prepared on a ‘going concern basis;

e. proper internal financial controls are in place and are adequate and 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.

25. PERFORMANCE EVALUATION OF THE BOARD OF DIRECTORS, COMMITTEES AND INDIVIDUAL DIRECTORS:

{Pursuant to the provision of the Act read with the Schedule IV and Listing Regulations read with the Guidance Note on Board Evaluation as issued by the SEBI in January 2017}

Performance evaluation serves as a vital tool of feedback mechanism that helps the Company improve its operations, decision-making, expenditure management, and investment decisions. It is not merely a compliance requirement; it enables the Company to assess the performance of each Director, the Chairman, Committee members, the Board as a whole, and its committees, and to identify areas for improvement.

Based on performance evaluation, the Company can decide on formulating new training programme for Directors or making modifications to it. Company carries out performance evaluation once a year. Independent Directors play important role in performance evaluation of Board as a whole, Committees, Executive Directors, and the Chairman of the Company. During this financial year, an Independent Directors of the Company evaluated the performance of the governing body individually and as a whole and the Chairperson of the Company in their meeting held on March 28, 2026. While Performance of Independent Directors & Committees of the Board was evaluated in the meeting of the Board held on March 05, 2026.

26. KEY MANAGERIAL PERSONNEL

{Pursuant to provisions of Section 203 of the Act read with relevant Rules thereunder}

The Company comprises of dynamic, well qualified, experienced, specialized and versatile professionals in the Management of the Company who are designated as ‘Key Managerial Personnel (KMP) in compliance with applicable provisions. There was no change in Key Managerial Personnel during the financial year. The details of the Key Managerial Personnel of the Company as on March 31, 2026 are provided below:

Sr. No.	Names of Key Managerial Personnel	Designation
1	Mr. Rajesh Anne	Managing Director
2	Mr. Amit Agrawal	Chief Financial Officer
3	Mr. Akash Patel	Company Secretary & Compliance Officer

27. BOARD OF DIRECTORS

The Board of Directors of the Company is fully committed to provide the strategic direction towards long-term success of the Company. They ensure long term sustainability, create value, delegate responsibilities, manage risks and ensure high- quality governance to keep the Company on the path of sustainable growth and development.

- All the Directors of the Company have confirmed that they are not disqualified from being appointed or to continue as Directors of the Company in terms of Section 164 of the Act.

- The Company has received necessary declarations from each of the Independent Directors under Section 149(7) of the Act that they meet the criteria of independence laid down in Section 149(6) of the Act and Regulations 16(1)(b) & 25 of the Listing Regulations.

- Mrs. Priya Anne, Whole-time Director & Mr. Raghuram Alluri, Non-executive Non-independent Director, are the Directors who are liable to retire by rotation under Section 152 of the Act, and being eligible, they are offering themselves for re-appointment. Their re-appointment is proposed in this ensuing AGM to be held on AGM DATE.

- As on March 31, 2026, the Companys governing body comprises below Members:

- Mr. Rajesh Anne, Chairman & Managing Director (DIN : 05294345)

- Mrs. Priya Anne, Whole-time Director (DIN : 05294344)

- Mr. Amit Kumar Agrawal, Whole-time Director (DIN : 10338766)

- Mr. Lakshminarayana Eleswarapu, Whole-time Director (DIN : 07519053)

- Mr. Raghurama Raju Alluri, Non-executive Non-Independent Director (DIN : 10331840)

- Mr. Chintan Rajeshbhai Shah, Independent Director (DIN : 10554087)

- Mr. Kunal Kumar Ghosh, Independent Director (DIN : 08190364)

- Mr. Shailesh C Desai, Independent Director (DIN : 00169595)

28. BOARD MEETINGS

There were total 4 (Four) Board Meetings held during the FY 2025-26 for consideration and approval of the various agenda items which were circulated well in advance to the Board of Directors. The details of the meetings viz. dates, number of meetings held, attendance details etc. are mentioned below:

Sr. No.	Date	No. of Directors entitled to attend meeting	No. of Directors attended meeting
1	14.05.2025	8	6
2	30.08.2025	8	6
3	13.11.2025	8	6
4	05.03.2026	8	8
5	26.03.2026	8	6

29. COMMITTEES OF THE BOARD OF DIRECTORS

The Committees of the Board of Directors are entrusted with oversight of specific and diverse functional areas, enabling informed decision-making within the scope of delegated authority. These Committees also make focused recommendations to the Board on matters falling under their respective domains. All decisions and recommendations made by the Committees are submitted to the Board for its information or approval, as appropriate.

COMPOSITION OF THE COMMITTEES:

Audit Committee	Nomination and Remuneration Committee	Stakeholders Relationship Committee	Operational Committee
Shailesh C. Desai (Non-executive Independent Director) - Chairman	Chintan R. Shah (Non-executive Independent Director) - Chairman	Chintan R. Shah (Non-executive Independent Director) - Chairman	Rajesh Anne (Managing Director) - Chairman
Chintan R. Shah (Non-executive Independent Director) - Member	Shailesh C. Desai (Non-executive Independent Director) - Member	Kunal Kumar Ghosh (Non-executive Independent Director) - Member	Amit Kumar Agrawal (Whole-time Director & CFO) - Member
Amit Kumar Agrawal (Whole-time Director & CFO) - Member	Raghuram Raju Alluri (Non-executive Non-independent Director) - Member	Rajesh Anne (Managing Director) - Member	Lakshinarayana Eleswarapu (Whole-time Director) - Member

ATTENDANCE IN THE COMMITTEE MEETINGS DURING THE YEAR:

Sr. No.	Name of the Committee	Date of the Committee Meeting	No. of Members entitled to attend meeting	No. of Members attended meeting
1.	Audit Committee	14.05.2025	3	3
2.	Audit Committee	30.08.2025	3	3
3.	Audit Committee	13.11.2025	3	3
4.	Audit Committee	05.03.2026	3	3
5.	Audit Committee	26.03.2026	3	3
6.	Stakeholders Relationship Committee	28.03.2026	3	3
7.	Nomination and Remuneration Committee	28.03.2026	3	2
8.	Operational Committee	04.04.2025	3	2
9.	Operational Committee	10.04.2025	3	2
10.	Operational Committee	07.05.2025	3	3
11.	Operational Committee	26.05.2025	3	3
12.	Operational Committee	02.07.2025	3	3
13.	Operational Committee	23.07.2025	3	3
14.	Operational Committee	29.07.2025	3	3
15.	Operational Committee	12.08.2025	3	3
16.	Operational Committee	18.08.2025	3	3
17.	Operational Committee	05.09.2025	3	3
18.	Operational Committee	08.10.2025	3	3
19.	Operational Committee	29.10.2025	3	3
20.	Operational Committee	21.11.2025	3	3
21.	Operational Committee	03.12.2025	3	3
22.	Operational Committee	24.12.2025	3	3
23.	Operational Committee	20.01.2026	3	3
24.	Operational Committee	30.01.2026	3	3

30. POLICIES OF THE COMPANY

All the policies of the Company are available at website of the Company at - Investors - Lakshya Powertech

Salient features of the Nomination & Remuneration Policy:

The policy on Appointment & Remuneration of Directors deals with the following matters:

a. Appointment and removal of Directors, Key Managerial Personnel and employees in Senior Management;

b. Remuneration payable to the Directors, Key Managerial Personnel and employees in Senior Management;

c. Board Diversity;

d. Succession plan for Directors, Key Managerial Personnel and employees in Senior Management; and

e. Evaluation of individual Directors, Chairperson of the Board, the Board as a whole and the Committees of the Board

The Nomination & Remuneration Committee has been entrusted with the following responsibilities to fulfil the above objectives:

i. To formulate a criteria for determining qualifications, the positive attributes and independence of a Director;

ii. To recommend to the Board a policy relating to remuneration of the Directors, Key Managerial Personnel and other employees;

iii. To recommend to the Board the appointment and removal of Key Managerial Personnel and Senior Management;

iv. To identify persons who are qualified to become directors and who may be appointed in senior management in accordance with the criteria laid down, and recommend to the Board for their appointment and removal;

v. To recommend to extend or continue the term of appointment of the independent directors, on the basis of the report on performance evaluation of independent directors;

vi. To make recommendations to the Board concerning any matters relating to the continuation in office of any Director at any time including the suspension or termination of service of an Executive Director as an employee of the Company subject to the provision of the law and their service contract;

vii. To ensure that the level and composition of remuneration is reasonable and sufficient, relationship of remuneration to performance is clear and meets appropriate performance benchmarks;

viii. To devise a policy on Board diversity;

ix. To develop a succession plan for the Board and to regularly review the plan.

Detailed policy on Appointment & Remuneration of Directors & KMPs is available on website of the Company at 177661.pdf.

Salient features of the CSR Policy are described in the Annexure – A pertaining to reporting on Corporate Social Responsibilities (CSR) Activities.

31. RISK MANAGEMENT

The Company recognizes that risk is an inherent aspect of business operations and is committed to maintaining a proactive and structured approach to risk management. In addition to credit, liquidity, and market risks, the Company is exposed to various operational, strategic, regulatory, and business-specific risks. These risks are systematically identified, evaluated, monitored, and managed to minimize their potential impact on the Companys operations, financial performance, and long-term objectives.

To effectively address these risks, the Company has established a comprehensive risk management framework with appropriate internal controls embedded across key business processes. The Company undertakes various risk mitigation measures, including stringent credit assessment and monitoring procedures, utilization of foreign exchange forward contracts to manage currency fluctuations, and adequate insurance coverage to protect its assets and business interests. These measures strengthen the Companys resilience and support sustainable growth.

The Company has formulated and implemented a Risk Management Policy that provides a structured mechanism for identifying, assessing, mitigating, and monitoring risks that may affect the achievement of its business objectives or threaten its continued operations. The Policy is periodically reviewed to ensure its continued relevance and effectiveness in the evolving business environment.

32. ANNUAL RETURN

{Pursuant to Section 92 and Section 134(3)(a) of the Act read with relevant Rules thereunder}

The Annual Return of the Company in Form MGT-7 reflecting the financial and non-financial summary of the Company for the FY 2025-26, is available on the Companys website at https://lakshyapowertech.com/investors.php?sectionid=3

33. DISCLOSURES WITH RESPECT TO DEMAT SUSPENSE ACCOUNT/ UNCLAIMED SUSPENSE ACCOUNT

There are no shares in the demat suspense account or unclaimed suspense account.

34. ADHERENCE TO STATUTORY COMPLIANCES

During the FY 2025-26, the Company had complied with all the applicable statutory compliances of the Act, the SEBI (LODR) Regulations, 2015, Secretarial Standards issued by ICSI and other laws, provisions and Acts as may be applicable to the Company from time to time.

35. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS

No significant material orders have been passed by the Regulators or Courts or Tribunals impacting the going concern status of the Company and its operations in future, during the FY 2025-26.

As on August 22, 2025, the Company has received order from National Company Law Tribunal (NCLT), Ahmedabad rejecting the frivolous application filed by Arka Projects based on grounds that there was pre-existing dispute between the Parties with important mention that the IBC is mechanism for insolvency resolution and not for recovery of disputed dues. Accordingly, the Company received the order in its favour.

36. PREVENTION OF INSIDER TRADING

The Company has in place the Code of Conduct for Prohibition of Insider Trading ("the Code") and Code on Fair Disclosures. The policy and procedures are framed to regulate, monitor and report trading by the Designated Persons along with their Immediate Relative(s) and for other aspects under the SEBI (Prohibition of Insider Trading) Regulations, 2015, such as inquiry in case of leak of Unpublished Price Sensitive Information (UPSI) or suspected leak of UPSI is forming part of the Code, which is available on our website at https://lakshyapowertech.com/lib/investors/255939.pdf .

37. WEBSITE:

The Company has in place the operational website where all the policies, returns, reports and all other documents have been updated in accordance with the Listing Regulations and the Act.

38. MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFTER BALANCE SHEET DATE

There have been no material changes and commitments, which affect the financial position of the Company, that have occurred between the end of the financial year to which the financial statements relate and the date of this report.

39. APPLICATION UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016

During FY 2025-26, your Company has neither made any application nor were any proceedings initiated/pending against the Company under the Insolvency and Bankruptcy Code, 2016.

40. DETAILS OF SETTLEMENT DONE WITH BANKS OR FINANCIAL INSTITUTIONS

During the FY 2025-26, there is no such settlement done with any Banks and Financial Institutions.

41. VIGIL MECHANISM:

Pursuant to Section 177 of the Act read with the Rules made thereunder, the Audit Committee of the Company oversees a Vigil Mechanism.

The Company has adopted Whistle Blower Policy to deal with instances of unethical behavior, actual or suspected fraud or violation of the Companys code of conduct, if any. Further, the mechanism adopted by the Company encourages the whistleblower to report genuine concerns or grievances and provide for strict confidentiality, adequate safeguards against victimization of whistleblower who avails of such mechanism, and also provides for direct access to the Chairman of the Audit Committee, in appropriate cases. The Whistle Blower Policy is hosted on the website of the Company under investor section.

During the year under review, the Audit Committee has not received any instances of whistleblowing.

42. ACKNOWLEDGEMENT & APPRECIATION

Management of Lakshya extends heartfelt appreciation to all the Stakeholders associated with the Company for their unwavering support to the Company in its growth and success. We wish to receive same support and commitment from all the Stakeholders in the upcoming years as well.

Employees of the Company deserves more appreciation than anyone else as they are the one who drives the real success and growth of the Company. We extend heartfelt thanks to our Bankers who finance us to keep the business running when Company faces cash crunch. Each Stakeholder has contributed in their own way whether be it Vendors, Government, Authorities, Customers, Bankers and Financial Institutions etc. We cannot write our growth story in absence of support of any of the Stakeholders. All the Stakeholders are the pillars of the Company who carries the Company, and without any single pillar we cannot stand strong.

For and on behalf of Board of Directors of

Lakshya Powertech Limited

Sd/-

Rajesh Anne

Chairman & Managing Director

DIN: 05294345

Date: 31/08/2026

Place: Ahmedabad