Machino Plastics Ltd Directors Report

Dear Members,

Your Directors have pleasure in presenting the 40^th Annual Report and Audited Financial Statements for the Financial Year ended 31^st March, 2025.

FINANCIAL SUMMARY AND HIGHLIGHTS ( In Lakh)

Financial Performance	2023-24	2024-25
Income from operation (Net of Taxes)	33773.92	38874.34
Other Income	6.21	11.31
Profit(before financial charges, depreciation and tax)	2612.101	3317.57
Financial Charges	668.20	1164.52
Cash Profit	1943.92	2153.05
Depreciation & Impairment expenses	1419.63	1006.89
Profit/loss before tax	524.28	1146.16
Provision for tax(after adjustment of deferred tax)	154.84	271.15
Profit/loss after tax	369.44	875.01
Other Comprehensive Income/(loss)	(5.96)	29.80
Total Comprehensive Income/ loss for the period	363.48	904.81

Net turnover of your Company has increased by 15.10% from Rs. 33,773.92 lacs in 2023-24 to Rs. 38,874.34 lacs in current year. Your Company has earned a pre-tax profit of Rs.1146.16 lacs as compared to profit of Rs. 524.33 lacs in the last year. Company has earned cash profit of Rs.2,153.05 lacs as compared to Rs.1,943.92 lacs in 2023-24.

RESULTS OF OPERATIONS OPERATIONS:

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

Achieved a turnover during 2024-25 of Rs. 38,874.34 lakhs as compared to Rs.33,773.92 lacs during 2023-24 reflecting an increase of 15.10% due to increase in volumes and inflation.

Cash Profit during 2024-25 is Rs.2,153.05 lakhs against cash profit during the year 2023-24 of Rs.1,943.92 lacs

PERFORMANCE OF THE COMPANY

Plastic is projected to be largest growing product type for injection moulding market between 2020 and 2025. Our company is expected to see stronger growth and adoption of light weight vehicles and electric vehicles are expected to offer various lucrative opportunities for the growth of our company. Your company is positively working towards expanding its operation to other customers.

As the Indian Automobile industry has its prominent role in development of economy. It has 7.1% contribution in GDP of the country and provides ample employment opportunities for the people of the nation. This will lead to growth in our business and more business opportunities.

Your Company focuses on optimally developing its human resources skills, competencies, health, safety, and well-being to leverage value creation across other capitals.

Your Company has also received tooling business from customers other than MSIL and making efforts in exploring alternate business opportunities in mould making and for replacement market.

Despite fluctuating market conditions, your company has a strong track record of payment of dues and taxes within time period.

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, as well as verification by Statutory Auditors. Further, the Audit Committee of the Board reviews the internal audit plan, adequacy of internal control systems, significant audit observations and monitors the sustainability of remedial measures.

The aforesaid internal control systems provide high degree of assurance with respect to effectiveness and efficiency of operations, adequacy and adherence of internal financial controls and compliances with 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 was 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 2024-25 is available on the Website of Company at the web-link https://machino.com/annual-return/

NUMBER OF BOARD MEETINGS

Five (5) 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 preparation of the annual accounts for the financial year ended 31^st March, 2025, 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 31^st March, 2025 and of the profit of the Company for the year ended 31^st March, 2025.

• proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of 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.

• proper internal financial controls laid down by the directors to be followed by the Company and that such internal financial controls are adequate and is operating effectively; and • proper system to ensure compliance with the provisions of all applicable laws is adequate and is 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 or Courts or Tribunals which impact the going concern status and 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 done with banks or financial institutions.

DECLARATION BY INDEPENDENT DIRECTOR

Your Company has received declaration 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 not disqualified from continuing as an Independent Director.

REMUNERATION POLICY

Your company has adopted the remuneration policy in accordance with Section 178 read with rules made there under for directors appointment and remuneration including the criteria for determining qualifications, positive attributes, independence of a director, etc. in the meeting of Board of Directors of the Company held on 9^th February, 2015 in line with the recommendation of Nomination and Remuneration Committee; whose meeting also held on the same date. The remuneration policy of your Company is annexed in 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 AGM to be held in the financial year 2026-2027.

STATUTORY AUDITORS REPORT

There are no such observations in the statutory audit report which needs to be explained by your company. The observation of the auditors is self-explanatory and/or is suitably explained in the notes to the accounts.

SECRETARIAL AUDITOR:

M/s Gaurav Sethi & Co., Practicing Company Secretary, were appointed as Secretarial Auditor for the financial year 2024-2025 for Secretarial Audit of your company.

Further, in accordance with the recent amendment to Regulation 24A of the SEBI Listing Regulations, a listed entity is required to appoint a Secretarial Audit firm for a maximum of two terms of five consecutive years, subject to approval by the shareholders at the AGM. Accordingly, pursuant to the applicable provisions of the Act, and the SEBI Listing Regulations, and based on the recommendation of the Audit Committee, your Directors have approved the appointment of Ms. Atima Khanna, Practicing Company Secretary (Membership No. F9216, CP No. 10296, Peer Review No. 1102/2021), proprietor of M/s A K & Associates, as the Secretarial Auditors of your Company for audit period of 5 consecutive years, commencing from the conclusion of this AGM untill the conclusion of AGM held in 2029-30 at a remuneration of Rs. 50,000/- per financial year with 10% increment every succeeding year subject to TDS and taxes as applicable, to conduct Secretarial Audit of the Company. A resolution seeking shareholders approval for the appointment of M/s A K & Associates has been included in the Notice convening the 40^th Annual General Meeting. Your Directors recommend the resolution for your approval.

SECRETARIAL AUDIT REPORT

Pursuant to Section 204 of the Companies Act, 2013, the Company had appointed Mr. Gaurav Sethi, proprietor of M/s Gaurav Sethi & Co., Company Secretaries in practice, as its Secretarial Auditors to conduct the secretarial audit of the Company for the F.Y. 2024-25. The Company provided all assistance and facilities to the Secretarial Auditors for conducting their audit. The Report of Secretarial Auditors for the F.Y. 2024-25 is annexed to this report as Annexure – VI. The report does not contain any qualification.

SECRETARIAL COMPLIANCE REPORT

There are no such observations in the secretarial compliance report which 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 ‘Listing Regulations), the Practicing Company Secretarys Certificate on corporate governance is enclosed to the Boards Report. The Practicing Company Secretarys Certificate for financial year 2024-25 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 to the reporting Financial Year 2024-25.

SHARE CAPITAL

As on 31^st March 2025:

(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 31^st March 2025, 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 and 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 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 PARTIES TRANSACTIONS

All related party transactions that were entered into during the financial year 2024-25 were in the ordinary course of business and on an arms length basis or with required approvals. Your company has also adopted a policy on materiality of related parties transaction and also dealing with related parties 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 parties transaction whether requiring approvals or otherwise, as per the provision of Section 188 of the Companies Act, 2013, Form AOC-2 is annexed in Annexure-II.

STATE OF COMPANYS AFFAIR

Your company is a Joint Venture Company of Maruti Suzuki India Limited, Suzuki Motor Corporation and Jindals. Your company was incorporated in 1986. Your company is a going concern. The shares of your company are listed on Bombay Stock Exchange Limited. Your company is engaged in the production of plastics moulded automotive components. Your company has total 5 plants/warehouses out of which one operative plant is located in Gurgaon, one operative plant and a warehouse are located in Manesar, one plant is located in Pehladpur, kharkhoda is in progress & to be operational by 2025-26 while the plant located in Pithampur will also be operative by end of 2025 earlier it is used as warehouse.

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

DETAILS OF SIGNIFICANT AND MATERIAL ORDER

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

MATERIAL CHANGES AND COMMITMENTS

No significant changes and commitments affecting the financial position of your company for the financial year ending on 31^st March, 2025 till the date of this report.

CONSERVATION OF ENERGY

Continuous overhauling of equipments and awareness amongst employees has helped to avoid wastage of energy. Company has installed solar power plant of capacity 1350KW at its Gurugram and Manesar Plant. Series of steps have been taken to identify areas of excess consumption of power and checks have been strengthened at these points and various alternative sources of energies are utilized.

Power & Fuel Consumption 2023-24 & 2024-25

Sr.No. Power & Fuel Consumption	2023-24	2024-25
1 Electricity
(a) Purchase Units / Co-generated	1,58,85,736	1,69,69,150
Total Cost (Rs in Lacs)	1305.65	1384.98
Rate Per Unit	8.22	8.16
(b) Own Generation – D.G. Set
Units generated	1,50,810	30,012
Fuel Cost (Rs in Lacs)	52.24	7.71
Fuel cost per unit	34.64	25.68
2 Coal	NIL	NIL
3 Furnace Oil	NIL	NIL
4 Other / Internal generation / Solar power	15,66,793	15,50,490

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.223.54
Total foreign exchange outgo	Rs.1008.21

RISK MANAGEMENT POLICY

Your Company recognizes that risk is an integral part of business and is committed to managing the risks 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 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable on our company. Therefore, the company has abolished Risk Management Committee from board committees in its board meeting held on 29^th April, 2019. With effect from 25^th June, 2020, all the matters related to Risk Management Committee are discussed in 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 include criteria for performance evaluation of the non-executive directors and executive directors. The policy is annexed in 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, 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 to the Board Performance Evaluation Policy, the Board carried out annual performance evaluation of Independent Directors. The Independent Directors carried out annual performance evaluation of Non independent Directors and Board as a whole. The policy has also been disclosed on the website of the company at the web-link https://machino.com/policies/

COMMITTEE OF DIRECTORS

For 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 Companies Act, 2013 and Regulation 22 of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015, for directors and employees of the Company to report genuine concerns or grievances. The policy provides for a framework and process whereby concerns can be raised by its employees against any kind of discrimination, harassment, victimization or any other unfair practice being adopted against them. The Vigil Mechanism provides the safeguard against the victimization of person who uses such mechanism.

During the financial year 2024-25, all the directors and employees had full access to approach Ms. Reetika Pant, Vigil Mechanism Officer. No complaint was received during the year 2024-25 of any sort from any directors and employee of your company. Further Ms. Sandhya Kumari has been appointed as Vigil Mechanism Officer of the company w.e.f 23^rd May, 2025.

The detail of establishment of such mechanism is also disclosed on the website of the Company at https://machino.com/wp-content/uploads/2021/07/Vigil-machanism-policy.pdf .

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. No independent director is required to hold office for more than two consecutive terms, but shall be eligible for appointment after the expiry of three years of ceasing to become an independent director of the company.

Mr. Rajiv Kumar Singh and Dr. Sandeep Goel, Independent Directors appointed as Additional Director (Non – Executive Independent Category) in the board meeting held on 4^th June, 2024 for a term upto 15^th May, 2029, not liable to retire by rotation and subsequently they were appointed as Independent Directors by the shareholders in the Annual General Meeting of the company held on 3^rd September, 2024. Ms. Sandhya Kumari (FCS No. 13540) has been appointed as Company Secretary and designated as Key Managerial Personnel of thew company with effect from 23^rd May, 2025.

RESIGNATION/ CESSATION

In accordance with the provisions of Section 149(10) & (11) of Companies Act, 2013, on completion of tenure, Mr. Ajit Yadav ceased to hold the position of the independent director on the board of the company W.e.f 23^rd May, 2024 and Mrs. Anupam Gupta will cease to be the independent women director on the board of the company with effect from 12^th November, 2025. Ms. Reetika Pant, Company Secretary of the company has relinquished her position.

KEY MANAGERIAL PERSONNEL (KMPs)

Mr. Aditya Jindal Chairman cum Managing Director, Mr. Sanjiivv Jindall Whole Time Director – Strategy, Mr. Ravinder Hooda Chief Financial Officer and Mrs. Reetika Pant Company Secretary (upto 23^rd May 2025) and Ms. Sandhya Kumari w.e.f 23^rd 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 five directors including one promoter and four independent directors.

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

The composition of committer is as under:

Director	Executive/Non-executive/ Independent	Position	Remarks
Mr. Aditya Jindal	Executive Director/ Promoter	Member	--
*Mrs. Anupam Gupta	Independent Director	Chairperson	--
Dr. Sandeep Goel	Independent Director	Member	--
Mr. Rajiv Kumar Singh	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 the 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 and the companys risk management policies.

The company has combined the audit committee with the risk management committee in its meeting held on 25^th June, 2020. *On completion of tenure, Mrs. Anupam Gupta will cease to be the Independent Women Director on the Board of Company with effect from 12^th November, 2025.

DIRECTORS STATEMENT

Disclosure Pertaining to the Sexual Harassment of Women at 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 Internal Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and during the financial year 2024-25, the Company has not received any complaints under the said Act.

For details pertaining to Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, please refer 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 along with the requirement of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detail of such familiarization programme is 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 listing fees to the Stock Exchange for the financial year 2025-26.

CORPORATE GOVERNANCE

Your Company always places major thrust 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 & rules made there under.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

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

DETAILS OF SUBSIDIARIES, JOINT VENTURE OR ASSOCIATE COMPANIES

None of the company has become or ceased to become the subsidiary, joint venture or associate of your Company during the financial year 2024-25.

PARTICULAR OF EMPLOYEES AND RELATED DISCLOSURES

Details of employee 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 forms part of the report

DISCLOSURES PERTAINING TO MATERNITY BENEFIT ACT, 1961

The company is giving maternity benefits to its eligible female employees / workers in accordance to Maternity Benefits 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 seven (7) 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 dividend amounting to Rs. 5,02,994/- lying with the Company for a period of seven years pertaining to the financial year ended on 31^st March 2017. 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 seven (7) consecutive years are required to be transferred to the Investor Education & Protection Fund (IEPF) Authority established by the Central Government. Pursuant to the section 124(6) of the Companies Act, 2013, your company has transferred 7324 shares to Investor Education and Protection Fund Authority.

Dividend for the financial year ended March 31, 2018 and thereafter, which remain unpaid or unclaimed for a period of seven years from the date they became due for payment will be transferred by 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 e_uents (solid, liquid or gaseous) causing pollutions. As an environment conscious responsible corporate citizen, your Company has implemented GSCM (Green Supply Chain Management) standards and is ISO14001 certified holder. The Company has also achieved ISO 18001-OHSAS certification for occupational health and safety.

CORPORATE SOCIAL RESPONSIBILITY

The provisions of section 135(1) of Companies Act 2013 i.e. relating to Corporate Social Responsibility activities are applicable to the Company this year. 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 till date to be referred as Annual Report on CSR Activities. The company needs to spend _ 2.60 lakhs which is 2% of its net average profits for three preceding financial years. During the financial year 2024-25, Your Company has spent an amount of _ 3.14 lakhs towards CSR Activities. Excess amount spent is _0.54 lakhs. There is no amount which is lying unspent in respect of 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
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/
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 all levels 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

Chairman cum Managing Director

DIN: 01717507

 

Date : 23rd May, 2025

Place : Gurugram