Machino Plastics Ltd Directors Report

Dear Members,

Your Directors have pleasure in presenting the 41st Annual Report and Audited Financial Statements for the Financial Year ended 31st March, 2026.

FINANCIAL SUMMARY AND HIGHLIGHTS

( In Lakh)

Financial Performance	2024-25	2025-26
Income from operation (Net of Taxes)	38,874.34	49,215.62
Other Income	11.12	19.77
Profit (before financial charges, depreciation and tax)	3291.90	3,640.20
Financial Charges	1,164.51	1,851.46
Cash Profit	2,127.39	1,788.74
Depreciation & Impairment expenses	1,006.89	1,525.11
Profit/loss before tax	1,120.50	263.63
Provision for tax (after adjustment of deferred tax)	264.89	131.37
Profit/loss after tax	855.61	132.26
Other Comprehensive Income/(loss)	29.79	7,207.58
Total Comprehensive Income/ loss for the period	885.40	7,339.84

Revenue from operations of your company has increased by 26.60% from Rs. 38,874.34 lacs in 2024-25 to Rs.49,215.62 lacs in 2025-26. Your Company has earned a Profit Before Tax of Rs. 263.63 Lacs as compared to profit of Rs 1,120.50 lacs in the last year. Company earned a cash profit of Rs 1,788.74 lacs as compared to Rs. 2,127.39 lacs in 2024-25. Profit After Tax (PAT) stood at ?132.26 lakh as against ?855.61 lakh in the previous year. Total Comprehensive Income for FY 2025-26 stood at ?7,339.84 lakh as compared to ?885.40 lakh in FY 2024-25, mainly attributable to Other Comprehensive Income recognized during the year.

RESULTS OF OPERATIONS OPERATIONS:

During the year under review, the following are the highlights of your Company:

> Achieved a turnover during 2025-26 of Rs.49,215.62 lakhs as compared to Rs. 38,874.34 lakhs during 2024-25 reflecting an increase of 26.60% due to increase in volumes and inflation.

> Cash Profit during 2025-26 is Rs 1,788.74 lakhs against cash profit during the year 2024-25 of Rs.2,127.39 lakhs

TRANSFER TO GENERAL RESERVES

During the Financial Year 2025-26, the Company has not transferred any amount to General Reserves.

DIVIDEND

In view of the Companys future growth plans and to strengthen its financial position, the Board of Directors has decided not to recommend any dividend for the financial year ended March 31st, 2026.

PERFORMANCE OF THE COMPANY

FY 2025-26 has been a landmark year for the Indian Automobile industry, supported by a series of structural policy reforms that have strengthened demand fundamentals and significantly boosted consumer confidence. Therefore, Industry is optimistic and expects growth to continue across all the Vehicle Categories in 2026-27, building on the strong domestic momentum from the latter half of 2025-26.

The Indian automobile industry continues to play a significant role in the countrys economic development and is expected to support long term growth in demand for automotive components. Your Company has also taken steps to diversify its business by securing tooling orders from customers other than Maruti Suzuki India Limited and exploring opportunities in mould making and the replacement market.

During the year, Your Company strengthened its manufacturing footprint with the commencement of operations at the Prahladpur, Kharkhoda plant and the Pithampur plant transitioned from being used solely as a warehouse to a combined manufacturing and warehousing facility towards the end of the financial year. The Company currently operates multiple plants and warehouses across Gurugram, Manesar, Kharkhoda and Pithampur.

Your Company witnessed a marginal decline in profitability during the year, primarily attributable to the commencement of operations at the Kharkhoda and Pithampur plants. However, the management is confident that these initiatives will create long-term value for its stakeholders.

The Company continues to focus on the development of its human resources, with emphasis on skill enhancement, health, safety, and employee well-being. Despite fluctuating market conditions, the Company maintained financial discipline and continued to meet its statutory obligations on time.

DETAILS IN RESPECT OF ADEQUACY OF INTERNAL CONTROLS

The internal controls are aligned to adhere to the local statutory requirements. The internal control systems are supported through management reviews, verification by internal auditors, and Statutory Auditors. Further, the Audit Committee of the Board reviews the internal audit plan, the adequacy of internal control systems, significant audit observations and monitors the implementation of remedial measures.

The aforesaid internal control systems provide a high degree of assurance with respect to effectiveness and efficiency of operations, adequacy and adherence of internal financial controls and compliances with applicable laws and regulations.

The Company has an effective and reliable internal control system commensurate with its size and operations and no reportable material weakness in the design or operation were observed.

ANNUAL RETURN

Pursuant to Section 92(3) of the Companies Act, 2013 read with Rule 12 of the Companies (Management and Administration) Rules, 2014, the Annual Return of Company for the Year 2025-26 is available on the Website of Company at the web-link https://machino.com/annual-return/

NUMBER OF BOARD MEETINGS

Four (4) meetings of the Board of Directors were held during the year. The particulars of meetings held and attended by each Director are detailed in the Corporate Governance Report forming part of the Annual Report. The intervening gap between the meetings was within the period prescribed under the Companies Act, 2013.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 134 sub section (5) of the Companies Act, 2013 the directors of your company state that-

• In the preparation of the annual accounts for the financial year ended 31st March, 2026, the applicable accounting standards have been followed and there are no material departures from the same.

• 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 true and fair view of the state of affairs of the company at the end of the financial year as at 31st March, 2026 and of the profit of the Company for the year ended 31st March, 2026.

• proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of your Company and for preventing and detecting fraud and other irregularities.

• the annual accounts have been prepared on a going concern basis.

• The directors have laid down proper internal financial controls to be followed by the Company, and such internal financial controls are adequate and operating effectively; and

• The directors have devised a proper system to ensure compliance with the provisions of all applicable laws, and such systems are adequate and operating effectively.

GENERAL / OTHER DISCLOSURES

Your Directors state that there being no transactions with respect to following items during the year, under review, no disclosure or reporting is required in respect of the same:

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

• Issue of shares (including sweat equity shares) to employees of your Company under any scheme.

• Neither the Managing Director nor the Whole-time Director of your Company receive any remuneration or commission from any of its subsidiaries.

• No significant or material orders were passed by the regulators, courts or tribunals which impact the going concern status and the companys operations in future.

• Buy-back of shares.

• No application was made or any proceeding is pending under the Insolvency and Bankruptcy Code, 2016.

• No settlements have been made with banks or financial institutions.

DECLARATION BY INDEPENDENT DIRECTOR

Your Company has received declarations of Independence as stipulated under section 149(7) of the Companies Act, 2013 and Regulation 16(1)(b) and 25(8) of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 from all the Independent Directors confirming that they meet the criteria of independence and are not disqualified from continuing as Independent Directors.

REMUNERATION POLICY

Your company has adopted the remuneration policy in accordance with Section 178 read with the rules made thereunder for appointment and remuneration of directors including the criteria for determining qualifications, positive attributes and independence of a director, etc. at the meeting of Board of Directors of the Company held on 09th February, 2015 in line with the recommendation of the Nomination and Remuneration Committee; whose meeting was also held on the same date. The remuneration policy of your Company is annexed as Annexure-I. The policy has been disclosed on the website of the company.

AUDIT AND AUDITORS REPORT:

STATUTORY AUDITOR:

M/s. KMGS & Associates, Chartered Accountants, were appointed as Statutory Auditors of the Company to hold office until the conclusion of the Annual General Meeting to be held for the financial year 2026-2027.

STATUTORY AUDITORS REPORT

There are no such observations in the Statutory Audit Report that needs to be explained by your company. The observations of the auditors is self-explanatory and/or has been suitably explained in the notes to the accounts.

SECRETARIAL AUDITOR:

Ms. Atima Khanna, Practicing Company Secretary (Membership No. F9216, CP No. 10296, Peer Review No. 7839/2026), Proprietor of M/s A K & Associates, has been appointed as the Secretarial Auditor of the Company for a term of five consecutive years, commencing from the conclusion of the 40th Annual General Meeting till the conclusion of the 45th Annual General Meeting of the Company to be held for the financial year ended 31st March, 2030.

The appointment has been made in accordance with the provisions of Section 204 of the Companies Act, 2013 and Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, based on the recommendation of the Audit Committee and approval of the Board of Directors, at a remuneration of Rs. 50,000/- per financial year, with an increment of 10% for each succeeding year, subject to TDS and applicable taxes.

SECRETARIAL AUDIT REPORT

Pursuant to the provisions of Section 204 of the Companies Act, 2013, the Company has appointed Ms. Atima Khanna, Proprietor of M/s A K & Associates, Practising Company Secretaries, as the Secretarial Auditor of the Company to conduct the Secretarial Audit for a period commencing from the conclusion of the 40th Annual General Meeting till the conclusion of the 45th Annual General Meeting of the Company to be held for the financial year ended 31st March, 2030.

The Company provided all necessary assistance and facilities to the Secretarial Auditor for the conduct of the audit. The Secretarial Audit Report for the financial year 2025-26 is annexed to this Report as Annexure - VI.

The Secretarial Audit Report does not contain any qualifications, reservations, adverse remarks, or disclaimers.

SECRETARIAL COMPLIANCE REPORT

There are no observations in the secretarial compliance report that needs to be explained by your Company. The Secretarial Compliance report of secretarial auditor is annexed to this report as Annexure VII.

As required by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as the Listing Regulations), the Practicing Company Secretarys Certificate on corporate governance is enclosed to the Boards Report. The Practicing Company Secretarys Certificate for the financial year 2025-26 does not contain any qualification, reservation or adverse remark.

REPORTING OF FRAUDS BY AUDITORS

During the financial year, no report under sub-section (12) of Section 143 of the Act has been filed by the auditors in Form ADT-4 as prescribed under Rule 13 of the Companies (Audit and Auditors) Rules, 2014 with the Central Government, with respect of the reporting Financial Year 2025-26.

SHARE CAPITAL

As on 31st March 2026:

(a) The authorized share capital of the Company is INR 15,00,00,000/- consisting of 1,50,00,000 nos. of Equity Shares of INR 10/- each; and

(b) the issued, subscribed and paid-up share capital of the Company is INR 6,13,68,000 comprising of 61,36,800 equity shares of INR 10/- each.

As on 31st March 2026, none of the Directors of the Company holds instruments convertible into equity shares of the Company. During the year under review, there was no change in the authorized, subscribed or paid-up share capital of the Company from the last financial year.

For details of dividend and shares transferred to Investor Education and Protection Fund (IEPF), please refer to the Corporate Governance Report.

PARTICULARS OF LOAN, GUARANTEES OR INVESTMENT BY THE COMPANY

Your Company has not given any loan, guarantee or made any investment in any other body corporate as per the provision of section 186 of the Companies Act, 2013, except as disclosed in the attached accounts.

RELATED PARTY TRANSACTIONS

All related party transactions that were entered into during the financial year 2025-26 were in the ordinary course of business and on an arms length basis or with the required approvals. Your company has also adopted a policy on materiality of related party transaction and on dealing with related party transaction as approved by the Board. The policy has been disclosed on the website of your company at the web-link https://machino.com/policies/ .

The details of related party transaction, whether requiring approval or otherwise, as per the provisions of Section 188 of the Companies Act, 2013, are provided in Form AOC-2, which is annexed in Annexure-II.

STATE OF COMPANYS AFFAIR

Your Company is a joint venture of Maruti Suzuki India Limited, Suzuki Motor Corporation, and the Jindal Group. It was incorporated in 1986 and is a going concern. The equity shares of the Company are listed on the BSE Limited (formerly known as Bombay Stock Exchange Limited). The Company is engaged in the manufacturing of plastic moulded automotive components. It has a total of five plants/warehouses. One operational plant is located in Gurugram, while one operational plant and one warehouse are located in Manesar. The plant at Prahladpur, Kharkhoda became operational during the financial year 2025-26. The plant and warehouse located in Pithampur, which were earlier used only as a warehouse, also became operational towards the end of 2025.

During the year under review, your company has not made any defaults in repayment of any of its term loans, has generally met all its obligations on time, including its tax liabilities.

DETAILS OF SIGNIFICANT AND MATERIAL ORDER

No significant or material orders have been passed by any regulators, court or tribunals impacting the going concern status and future operations of your company.

MATERIAL CHANGES AND COMMITMENTS

There has been no significant changes and commitments affecting the financial position of your company from the financial year ended on 31st March, 2026 till the date of this report.

CONSERVATION OF ENERGY

Continuous overhauling of equipment and increased awareness amongst employees have helped avoid energy wastage. The Company has installed a solar power plant with a capacity 1350KW at its Gurugram and Manesar plants.

A series of steps has been taken to identify areas of excess power consumption and checks have been strengthened at these points and various alternative sources of energies are being utilized.

Power & Fuel Consumption 2024-25 & 2025-26

Sr.No.	Power & Fuel Consumption	2024-25	2025-26
1	Electricity
	(a) Purchase Units / Co-generated	1,69,69,150	2,20,63,190
	Total Cost (Rs in Lacs)	1,384.98	1,926.03
	Rate Per Unit	8.16	8.73
	(b) Own Generation - D.G. Set
	Units generated	30,012	1,15,163
	Fuel Cost (Rs in Lacs)	7.71	56.84
	Fuel cost per unit	25.68	49.35
2	Coal	NIL	NIL
3	Furnace Oil	NIL	NIL
FT>4	Other / Internal generation / Solar power	15,50,490	16,35,310

TECHNOLOGY ABSORPTION

A statement giving details of technology absorption in accordance with the above Rules is annexed hereto as Annexure IV and forms part of the Report.

FOREIGN EXCHANGE EARNING & OUTGO

Particulars	Rs. In Lacs
Total foreign exchange earning	Rs. 164.81
Total foreign exchange outgo	Rs.2108.14

RISK MANAGEMENT POLICY

Your Company recognizes that risk is an integral part of business and is committed to managing the risk in a proactive and efficient manner. Your company already has "Risk Management Policy" in writing which is also uploaded on the website of the company. Your company manages monitors and reports on the principal risks and uncertainties that can impact its ability to achieve its strategic objectives.

Regulation 21 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to the company. Therefore, the company has abolished the Risk Management Committee from its board committees at its board meeting held on 29th April, 2019. With effect from 25th June, 2020, all matters related to the Risk Management Committee have been discussed by the Audit Committee.

BOARD EVALUATION

The Company has devised a Policy for performance evaluation of Independent Directors, the Board, its Committees and other individual Directors which includes criteria for performance evaluation of the non-executive and executive directors. The policy is annexed as Annexure -III.

The performance evaluation of the Board, its Committees and individual directors was conducted and the same was based on questionnaire and feedback from all the Directors on the Board as a whole, its committees and self-evaluation.

Based on the questionnaire and feedback, the performance of every director was evaluated in the meeting of the Nomination and Remuneration Committee.

Further, in accordance with the Board Performance Evaluation Policy, the Board carried out an annual performance evaluation of Independent Directors. The Independent Directors carried out an annual performance evaluation of Non-Independent Directors and the Board as a whole.

The policy has also been disclosed on the website of the company at the weblink https://machino.com/policies/

COMMITTEE OF DIRECTORS

For the composition and other details pertaining to the Committee of Directors, please refer to the Corporate Governance Report.

VIGIL MECHANISM

Your Company is committed to highest standards of ethical, moral and legal business conduct. Accordingly, your Company has established the Whistle Blower Policy which is in compliance with the provisions of Section 177(9) & (10) of the Companies Act, 2013 and Regulation 22 of the SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015, for directors and employees of the Company to report genuine concerns or grievances.

The policy provides a framework and process through which concerns can be raised by employees against any kind of discrimination, harassment, victimization or any other unfair practice adopted against them. The Vigil Mechanism provides the safeguards against the victimization of persons who uses such mechanism.

During the financial year 2025-26, all directors and employees were provided direct access to Ms. Sandhya Kumari, Vigil Mechanism Officer, as well as to the Chairperson of the Audit Committee. The Company has established a dedicated e-mail ID (whistleblower@machino.com) for reporting concern under the vigil mechanism. No complaints were received under the Vigil Mechanism during the year.

The detail of establishment of such mechanism is also disclosed on the website of the Company at

https://machino.com/wp-content/uploads/2025/08/Vigil-Mechanism-Policy.pdf

DIRECTORS

APPOINTMENT

According to Section 149 of the Companies Act, 2013 read with schedule IV of the Companies Act, 2013, an Independent Director is required to hold office for a term up to five consecutive years on the Board of the Company. An independent director shall not hold office for more than two consecutive terms, and shall be eligible for appointment after the expiry of three years from ceasing to be an independent director of the company.

Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors, at its meeting held on 14th August, 2025, appointed Mrs. Sarika Marwaha as an Independent Woman Director of the Company for a term of five consecutive years commencing from 12th November, 2025 up to 11th November, 2030, not liable to retire by rotation.

The said appointment was subsequently approved by the shareholders at the 40th Annual General Meeting of the Company held on 27th September, 2025.

RESIGNATION/ CESSATION

In accordance with the provisions of Section 149(10) & (11) of the Companies Act, 2013, upon completion of her second tenure, Mrs. Anupam Gupta has ceased to hold her position of Independent woman director on the board of the company with effect from 12th November, 2025.

KEY MANAGERIAL PERSONNEL (KMPs)

Mr. Aditya Jindal (Chairman cum Managing Director), Mr. Sanjiivv Jindall (Whole Time Director - Strategy), Mr. Ravinder Hooda (Chief Financial Officer), Mrs. Sandhya Kumari (Company Secretary) and Mrs. Reetika Pant (Past Company Secretary till 23rd May, 2025) are the KMPs of the Company in terms of Section 203 of the Companies Act, 2013 read with the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014.

AUDIT COMMITTEE

The Audit Committee was constituted in conformity with the requirements of Section 177 of the Companies Act, 2013 and Regulation 18 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The committee comprises of four directors including one promoter and three independent directors.

The details of the Audit Committee including its composition and terms of reference mentioned in the Corporate Governance Report which forms part of the Annual Report.

The composition of committee is as under:

Director	Executive/Non-executive / Independent	Position	Remarks
Mr. Rajiv Kumar Singh	Independent Director	Chairperson	Chairperson w.e.f 30.05.2026
Mr. Aditya Jindal	Executive Director/ Promoter	Member	--
*Mrs. Anupam Gupta	Independent Director	Chairperson	Chairperson and Member upto 12.11.2025
*Mrs. Sarika Marwaha	Independent Director	Member	Member w.e.f 12.11.2025
Dr. Sandeep Goel	Independent Director	Member	--

The Audit committee assists the board in its responsibility for overseeing the quality and integrity of the accounting, auditing and reporting practices of the company and its compliance with legal and regulatory requirements. The committees purpose is to oversee the accounting and financial reporting process of the company, the audit of the companys financial statements, the appointment, independence and performance of internal auditors as well as the companys risk management policies. The company has combined the audit committee with the risk management committee at its meeting held on 25th June, 2020.

*On completion of tenure, Mrs. Anupam Gupta ceased to hold the position of Independent Woman Director on the board of the company with effect from 12th November, 2025.

*Mrs. Sarika Marwaha, Independent Woman Director, was appointed at the board meeting held on 14th August, 2025, not liable to retire by rotation. She was subsequently appointed as an Independent Woman Director by the shareholders at the Annual General Meeting of the company held on 27th September, 2025. Her tenure is effective from 12th November, 2025.

DIRECTORS STATEMENT

Disclosure pertaining to the Sexual Harassment of Workplace (Prevention, Prohibition and Redressal) Act, 2013

In terms of Clause (X) of sub-rule (5) of Rule 8 of the Companies (Accounts) Rules, 2014, it is hereby stated that the Company has complied with the provisions relating to the constitution of the Internal Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and during the financial year 2025-26, the Company has not received any complaints under the said Act.

For details pertaining to the Sexual Harassment of Woman at Workplace (Prevention, Prohibition and Redressal) Act, 2013, please refer to the Corporate Governance Report.

FAMILIARISATION PROGRAMME FOR THE INDEPENDENT DIRECTOR

Your Company has organized familiarization programme for the independent directors as per the requirement of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The details of such familiarization programmes are also uploaded on the website of the company at www.machino.com.

LISTING

The Equity Shares of the Company are listed on Bombay Stock Exchange. The company has paid the listing fees to the Stock Exchange for the financial year 2026-27.

CORPORATE GOVERNANCE

Your Company always places major emphasis on managing its affairs with diligence, transparency, responsibility and accountability thereby upholding the important dictum that an organizations corporate governance philosophy is directly linked to high performance.

The Company has complied with the corporate governance requirements under the Companies Act, 2013 and as stipulated under the Listing Regulations. A separate section on corporate governance under the Listing Regulations, along with a certificate from the Practicing Company Secretary confirming the compliance, is annexed and forms part of this Annual Report.

DEPOSITS

Your Company has not accepted any deposits under Section 73 of the Companies Act, 2013 and the rules made thereunder.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

As required by Regulation 34(2)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a detailed Management Discussion and Analysis Report is presented in a separate section forming part of the Annual Report.

DETAILS OF SUBSIDIARIES, JOINT VENTURE OR ASSOCIATE COMPANIES

None of the companies has become or ceased to be the subsidiary, joint venture or associate of your Company during the financial year 2025-26.

PARTICULAR OF EMPLOYEES AND RELATED DISCLOSURES

Details of employees of the Company as specified under Section 197 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, are annexed hereto as Annexure-V and form part of the report.

DISCLOSURES PERTAINING TO MATERNITY BENEFITS ACT, 1961

The Company provides maternity benefits to its eligible female employees/workers in accordance with the Maternity Benefit Act, 1961

TRANSFER OF SHARES TO INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY

The members of the Company are informed that the dividends that remain unpaid/unclaimed for a period of 7 (seven) years from the date of transfer to the Unpaid / Unclaimed dividend account are required to be transferred to the account of the Investor Education & Protection Fund (IEPF) Authority established by the Central Government.

Accordingly, during the financial year under review, the Company transferred Unclaimed dividends amounting to Rs. 1,06,044/- lying with the Company for a period of seven years, pertaining to the financial year ended 31st March, 2018. The members of the Company are also informed that as per the provisions introduced in the year 2017, underlying equity shares on which dividend remain Unpaid/Unclaimed for a period of 7 (seven) consecutive years are required to be transferred to the Investor Education & Protection Fund (IEPF) Authority established by the Central Government.

Pursuant to section 124(6) of the Companies Act, 2013, your company has transferred 7,716 shares to Investor Education and Protection Fund Authority.

Dividend for the financial year ended March, 2019 and thereafter, which remain unpaid or unclaimed for a period of seven years from the date it becomes due for payment will be transferred by the company to Investor Education & Protection Fund.

ENVIRONMENT

The Company is not involved in any type of hazardous activity to environment and does not discharge any trade effluents (solid, liquid or gaseous) that cause pollution. As an environment conscious responsible corporate citizen, your Company has implemented GSCM (Green Supply Chain Management) standards and is an ISO14001 certified organization. The Company has also achieved ISO 18001/OHSAS certification for occupational health and safety.

CORPORATE SOCIAL RESPONSIBILITY

The provisions of section 135(1) of the Companies Act 2013 i.e. relating to Corporate Social Responsibility activities are applicable to the Company. During the financial year, your Company has contributed towards Promoting Education & Enhancing Vocational Skills.

The brief outline of Corporate Social Responsibility (CSR) Policy of the Company as adopted by the Board and the initiatives undertaken by the Company on CSR activities during the year under review are set out in Annexure-VIII of this report in the format prescribed in the Companies (Corporate Social Responsibility Policy) Rules, 2014 as amended from time to time, and are referred to as the Annual Report on CSR Activities.

During the financial year 2025-26, the Company spent a total amount of ?99.89 lakhs towards its Corporate Social Responsibility (CSR) obligations. This amount was arrived at after adjusting the excess CSR expenditure of ?0.54 lakhs incurred during the financial year 2024-25 against the prescribed CSR obligation of ?12.37 lakhs, being 2% of the average net profits of the Company for the three immediately preceding financial years. There is no unspent CSR amount pertaining to the financial year under review.

CSR Policy

The CSR Policy including a brief overview of the projects or programmes undertaken can be accessed at the Companys website at https://machino.com/policies/

POLICIES

We seek to promote and follow the highest level of ethical standards in all our business transactions guided by our value system. The SEBI Listing Regulations mandated the formulation of certain policies for the listed companies. All our corporate governance policies are available on website of the Company i.e. www.machino.com.

POLICY	WEB-LINK
Corporate Governance Policy	https://machino.com/policies/
Code of Conduct and Fair Disclosure under SEBI (Prohibition of Insider Trading) Regulations, 2015	https://machino.com/policies/
Policy on Prevention of Sexual Harassment (POSH) at Workplace	https://machino.com/policies/
Policy for Determination of Materiality	https://machino.com/policies/
Vigil Mechanism Policy	https://machino.com/policies/
Risk Management Policy	https://machino.com/policies/
Performance Evaluation Policy	https://machino.com/policies/
Policy on Related Parties Transaction	https://machino.com/policies/
E.S.G Policy	https://machino.com/policies/
Safety & Health Policy	https://machino.com/policies/
Corporate Social Responsibility (CSR) Policy	https://machino.com/policies/
Archival Policy	https://machino.com/policies/
Policy on Preservation of Documents	https://machino.com/policies/
Board Diversity Policy	https://machino.com/policies/
Remuneration Policy	https://machino.com/policies/

ACKNOWLEDGEMENTS

Your Directors wish to place on record their appreciation for the valuable co-operation and assistance extended by Maruti Suzuki India Limited, Suzuki Motors Corporation, Japan, Government of India, Government of Haryana and the Companys bankers for their continued support and guidance. The Directors also commend the continuing commitment and dedication of the employees at each level and are thankful to the shareholders for their continued patronage, trust and confidence in the Company.

	For and on Behalf of the Board
	Machino Plastics Limited
	Sd/-
	Aditya Jindal
Date : 30th May, 2026	Chairman cum Managing Director
Place : Gurugram	DIN: 01717507