Mehta Securities Ltd Directors Report

To, The Members/Shareholders , Mehta Securities Ltd. Ahmedabad.

The Directors of your Company have pleasure in presenting their 32 nd Annual Report on the business and operations of the Company and Audited Accounts for the financial year ended on 31 st March, 2026.

FINANCIAL PERFORMANCE:

The Financial Performance of the Company for the financial year ended on 31 st March 2026, as compared to the previous year ended on 31 st March 2025 are summarized below: - (Rs. In Lacs)

Particulars	2025-26	2024-25
Income from operations	0.00	0.00
Other Income	31.01	45.41
Total Revenue	31.01	45.41
Less: Operating & Administrative Expenses	29.34	28.00
Operating Profit(Loss) before interest, depreciation and tax	1.67	17.41
Less: Depreciation/ Amortization	1.31	1.57
Profit/(Loss) before finance costs and exceptional items	0.37	15.85
Interest and financial charges	0.00	0.00
Exceptional items	0.00	0.00
Profit/(Loss) before tax	0.37	15.85
Tax Expense	0.00	0.00
Profit/(Loss) after tax	0.37	15.85

PERFORMANCE HIGHLIGHTS:

The total profit of the Company earned during the financial year, which commenced on 1 st April, 2025 and ended on 31 st March, 2026 was Rs. 0.37 lakhs as against Rs. 15.85 lakhs profit earned in the previous financial year which commenced on 1 st April, 2024 and ended on 31 st March, 2025. The total expenditure incurred increased marginally during the current financial year was Rs. 30.65 lakhs as against Rs. 29.57 lakhs incurred in the previous financial year. The profit after tax for the year under review was Rs. 0.37 lakhs as against profit of Rs. 15.85 lakhs earned during the previous financial year. The performance of the Company for financial year 2025-26 was not satisfactory on account of decrease in other income, though increase of operating and administrative expenses were moderate. Hence the Earning Per Share (EPS) of the Company is Rs. 0.01 per share in the current year as compared to the previous year Earning Per Share (EPS) of Rs. 0.51 per share of the Company.

BUSINESS OPERATIONS AND FUTURE OUTLOOK:

The Company is essentially concentrating on broking activities, advisory and consultancy assignments in capital markets. The Company is investing its funds in the capital market and other financial instruments in view of the long term prospects of the Indian Economy and the Company is confident that it would be able to take advantage of emerging opportunities in the coming years.

DIVIDEND:

In view of losses incurred in the previous years and low profit in the current year, in order to strengthen the capital base of the Company, your Directors have decided not to recommend any dividend on Equity Shares for the year under review.

AMOUNTS TO BE CARRIED TO ANY RESERVES:

In view of losses in the earlier years and in order to meet any contingencies in the coming years, your directors have proposed not to transfer any amounts from Profit & Loss account to reserves of the Company.

FINANCE

During the year under review, the Company has not made any borrowings from banks or any financial institutions or other parties except loans from directors.

CHANGE IN SHARE CAPITAL OF THE COMPANY

The Authorized Share Capital of the Company as at 31 st March, 2026 stood at Rs. 3,50,00,000/- (Rupees Three Crore Fifty Lacs only) and Paid-up Share Capital stood at Rs. 3,08,94,000/- (Rupees Three Crore Eight Lacs Ninety Four Thousands only). During the year under review there is no change in capital structure of the Company.

CHANGE IN THE NATURE OF THE BUSINESS :

During the year, there is no change in the nature of the business of the Company.

MATERIAL CHANGES AND COMMITMENTS :

There has been no material change and commitments affecting the financial performance of the Company which occurred between the end of financial year of the Company and the date of this report affecting the financial position of the Company as at 31 st March, 2026.

SUBSIDIARIES, JOINT VENTURE AND ASSOCIATE COMPANIES :

Your Company does not have any subsidiaries, Joint Ventures and Associate Companies.

DIRECTORS AND KEY MANAGERIAL PERSONNEL :

Mr. Dhaval D. Sheth (DIN 02418261), Director of the Company retires by rotation at the ensuing 32 nd Annual General Meeting and being eligible offers himself for reappointment. The Board recommends his reappointment.

Confirmation of Appointment/Re-appointment/Retirement :

There is no new appointment/reappointment except retirement by rotation of director, which requires confirmation at the ensuing 32 nd Annual General Meeting of the Company.

Key Managerial Personnel:

During the year under review, there was no change in the Key Managerial Personnel of the Company. After the close of the Financial year, Mr. Mahesh K. Moteevaras, Company Secretary & Compliance Officer designated as Key Managerial Personnel had resigned w.e.f. 01.07.2026. The Board place on record the contribution made by him during his tenure as Company Secretary & Compliance Officer designated as Key Managerial Personnel of the Company.

CONFIRMATION OF APPOINTMENT:

Brief details of Directors proposed to be appointed/re-appointed as required under Companies Act, 2013 or any other laws, rules and regulation as updated from time to time are provided in the Notice and Explanatory Statement as Annexure of 32 nd Annual General Meeting forming part of this Annual Report.

CORPORATE SOCIAL RESPONSIBILITY (CSR):

The Company does not fall under the criteria as mentioned in the provisions of Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibilities) Rules, 2014. Therefore, the Company was not required to formulate Corporate Social Responsibility (CSR) Policy and constitute CSR Committee and consequently the Company had not spend any amount on CSR activities.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO :

Your Company is not involved in carrying out any manufacturing activity. The information on Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo as stipulated under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014, is therefore, not required to be furnished.

RELATED PARTY TRANSACTIONS:

Your Company has not entered into any contract or arrangement with related parties, which is not at arms length basis in terms of Section 188(1) of the Companies Act, 2013. The disclosure of related party transactions as required to be made under Section 134(3)(h) of the Companies Act, 2013 in Form AOC-2 is therefore, not applicable. Transactions with related parties, as per requirements of Accounting Standard-18 are disclosed in the notes to accounts annexed to the financial statements.

AUDITORS & AUDITORS REPORT:

M/s. Asim Ravindra & Associates, Chartered Accountants (FRN:118775W), Ahmedabad were appointed under the provisions of Section 139, 141 and 142 of the Companies Act, 2013 read with the rules, circulars and notifications thereto to hold office as Statutory Auditors of the Company for the consecutive period of five years term commencing from the conclusion of the 28 th Annual General Meeting of the Company till the conclusion of the 33 rd Annual General Meeting for the Financial year 2026-27 to be held in the calendar year 2027 at the remuneration as fixed between the Board of directors and the Statutory Auditors of the Company. The Company has received a declaration from the Statutory Auditors that they are eligible to be appointed as the Statutory Auditors of the Company from the conclusion of the ensuing 32 nd Annual General Meeting till the conclusion of the next 33 rd Annual General Meeting of the Company for the Financial year 2026-27, that they are not disqualified under Section 140 and 141 of the Companies Act, 2013.The Board recommend to the members to approve the Statutory Auditors Independent Audit Report on the financial Statements along with the notes on the accounts for the Financial year ended on 31st March, 2026 at this 32 nd Annual General Meeting.

AUDIT QUALIFICATION:

The notes on financial statement referred to in the auditors report does not contain any qualification, reservation or adverse remarks and are self-explanatory and do not call for any further explanation/comment from the board.

EXTRACT OF ANNUAL RETURN:

In terms of Section 92(3) of the Companies Act, 2013 and Rule 12 of the Companies (Management and Administration) Rules, 2014, the Annual Return of the Company is available on the website of the Company www.mehtasecurities.com

DISCLOSURE ON COMPLIANCE WITH SECRETARIAL STANDARDS:

Your Directors confirm that the Secretarial Standards issued by the Institute of Company Secretaries of India, have been complied with.

SECRETARIAL AUDIT REPORT:

Pursuant to Section 204 of the Companies Act, 2013 read with Rule 9 of the Companies (Appointment and Remuneration Personnel) Rules, 2014, the Board of Directors had appointed M/s. Rohit Bajpai & Associates, Practicing Company Secretaries, (FRN : M. No. 18490 & COP No. 6559), Ahmedabad, as Secretarial Auditors of the Company for FY 2025-26. The Secretarial Audit Report for FY 2025-26 is annexed herewith as Annexure-B . There are no adverse observations in the Secretarial Audit Report which call for explanation. Further, the Members at the 31st Annual General Meeting had approved appointment of M/s. Rohit Bajpai & Associates, Practicing Company Secretaries, Ahmedabad, as Secretarial Auditors of the Company for a term of five consecutive years from FY 2025-26 to FY 2029-30 at a remuneration as may be mutually agreed between the Board of Directors of the Company and the Secretarial Auditors.

INTERNAL AUDITORS :

Pursuant to the provisions of Section 138 of the Companies Act, 2013, the Board of Directors of the Company had appointed M/S. P. P. Patel & Brothers, Chartered Accountants (FRN: 107743W), Himatnagar, as an Internal Auditors of the Company for the FY 2025-26. M/S. P.P. Patel & Brothers, Chartered Accountants (FRN: 107743W), Himatnagar, had resigned as Internal Auditors of the Company for the FY 2025-26 w.e.f. 04.02.2026 after the close of the business hours of the Company. The Board at its meeting held on 06.02.2026 appointed M/S. Trivedi Parikh & Shah, Chartered Accountants (FRN: 131671W), Ahmedabad, as an Internal Auditors of the Company in place of M/S. P.P. Patel & Brothers, Chartered Accountants (FRN: 107743W), Himatnagar, for the FY 2025-26.

COST AUDITORS :

The Company was not required to maintain cost records and appoint Cost Auditors as specified by the Central Government under Section 148(1) of the Companies Act, 2013.

MANAGEMENT DISCUSSION AND ANALYSIS :

The report on Management Discussion and Analysis is annexed to this Report as Annexure-C.

BUSINESS RESPONSIBILITY REPORT:

The Business Responsibility Report as stipulated under Regulation 34(2) (f) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to the Company for the FY ended 31 st March, 2026.

SUSTAINABILITY AND CORPORATE SOCIAL RESPONSIBILITY:

The Company does not fall under the criteria as mentioned in the provisions of Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibilities) Rules, 2014. Therefore, the Company was not required to formulate Corporate Social Responsibility (CSR) Policy and constitute CSR Committee and consequently the Company had not spent any amount on CSR activities.

MEETINGS OF THE BOARD, COMMITTEES & COMPLIANCE TO SECRETARIAL STANDARDS :

BOARD MEETINGS:

The gap between two Board Meetings was within the maximum time gap prescribed under the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015. The requisite quorum was present in all the Meetings. The Board of Directors met Six times during the Financial Year 2025-26 are given here below :

Sr. No.	Date	Directors present
1.	30-05-2025	4
2.	30-06-2025	4
3.	13-08-2025	4
4.	06-09-2025	4
5.	13-11-2025	4
6.	06-02-2026	4

The Composition of the board and details of attendance of the members at the board meetings during the Financial Year 2025-26 are given here below:

		Board Meetings
Sr. No.	Name of Director
		Held	Attended
1.	Bhavna D. Mehta (C&MD)	6	6
2.	Shrikant S. Kolhar	6	6
3.	Sarvadaman R. Bhatt	6	6
4.	Dhaval D. Sheth	6	6

The Board has three committees viz. Audit Committee (AC), Nomination and Remuneration Committee (NRC) and Stakeholders Relationship Committee (SRC). The details regarding composition of the committees, meetings held and attendance by each member at the committee meetings are given here below. The Minutes of all the Committee Meetings are reviewed at every Board Meeting.

AUDIT COMMITTEE MEETINGS:

During the year under review, Audit Committee met Six times on the dates as follows:

Sr. No.	Date	Members present
1.	30-05-2025	4
2.	30-06-2025	4
3.	13-08-2025	4
4.	06-09-2025	4
5.	13-11-2025	4
6.	06-02-2026	4

The Composition and details of attendance of the members at the Audit Committee meetings during the year are given below:

			No. of Meetings during the year
Sr. No.	Name	Category	Held	Attended
1.	Shrikant S. Kolhar Chairman	Independent Director	6	6
2.	Sarvadaman R. Bhatt	Independent Director	6	6
3.	Dhaval D. Sheth	Director (NE & NI)	6	6
4.	Bhavna D. Mehta	Director - (Executive and NID)	6	6

The Audit Committee is duly constituted in accordance with the requirements of Companies Act, 2013 and SEBI

(Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company Secretary of the Company is the Secretary for the Audit Committee of the Board.

NOMINATION AND REMUNERATION COMMITTEE MEETINGS:

Nomination and Remuneration Committee met Three times during the FY 2025-26 on the following dates to appoint directors/KMPs and to review the performance evaluation of the directors and independent directors and Chairperson of the Company as follows:

During the year FY 2025-26 under review, Nomination & Remuneration Committee met Three times on the dates as follows:

Sr. No.	Date	Members Present
1.	30-05-2025	4
2.	06-09-2025	4
3.	06-02.2026	4

The Composition of the Nomination & Remuneration Committee and details of attendance of the members at the committee meetings during the financial year 2025-26 year are given below:

		Category	No. of Meetings during the year
Sr. No.	Name
			Held	Attended
1.	Shrikant S. Kolhar Chairman	Independent Director	3	3
2.	Sarvadaman R. Bhatt	Independent Director	3	3
3.	Dhaval D. Sheth	Director (NE & NI)	3	3
4.	Bhavna D. Mehta	Director - (Executive and NID)	3	3

The Nomination & Remuneration Committee is duly constituted in accordance with the requirements of Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company Secretary of the Company is the Secretary for the Nomination & Remuneration Committee of the Board.

STAKEHOLDERS RELATIONSHIP COMMITTEE MEETINGS:

During the year the Stakeholders Relationship Committee met Four times on the dates as follows during the financial year 2025-26.:

Sr. No.	Date	Members present
1.	30-05-2025	4
2.	13-08-2025	4
3.	13-11-2025	4
4.	06-02-2026	4

The composition of the Stakeholders Relationship Committee and details of meetings attended by the members during the Financial Year 2025-26 are given below:

Sr. No.	Name		No. of Meetings during the year
		Category
			Held	Attended
1.	Sarvadaman R. Bhatt Chairman	Independent Director	4	4
2.	Shrikant S. Kolhar	Independent Director	4	4
3.	Dhaval D. Sheth	Director (NE & NI)	4	4
4.	Bhavna D. Mehta	Director (Executive and NID)	4	4

The Stakeholders Relationship Committee is duly constituted in accordance with the requirements of Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company Secretary of the Company is the Secretary for Stakeholders Relationship Committee of the Board.

INDEPENDENT DIRECTORS MEETING:

The Independent Directors met on 06.02.2026 without the attendance of Non-Independent Directors and members of the Management during the FY 2025-26. The Independent Directors reviewed the performance of Non-Independent Directors and the Board as a whole; the performance of the Chairperson of the Company, taking into account the views of Executive Directors and Non-Executive Directors and assessed the quality, quantity and timeliness of flow of information between the Company Management and the Board that is necessary for the Board to effectively and reasonably perform their duties.

EVALUATION OF BOARD, ITS COMMITTEES AND INDIVIDUAL DIRECTORS :

The Evaluation of Board, its Committees and Individual Directors was carried out as per the process and criteria as laid down by the Board of Directors.

One of the Independent Director obtained and consolidated feedback from all Directors. Based on the feedback, the Board expressed satisfaction with the overall functioning of the Board, the Committees and performance of the Directors.

SECRETARIAL STANDARDS

The Directors states that applicable Secretarial Standards, i.e. SS-1 & SS-2 have been duly followed by the Company.

DETAILS OF APPLICATION MADE OR ANY PROCEEDINGS PENDING UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016:

There was no application made or proceedings pending under Insolvency and Bankruptcy Code, 2016 during the period under review.

POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION:

The Companys policy on Directors appointment and remuneration and other matters provided in section 178(3) of the Companies Act, 2013 is available on the website of the Company at www.mehtasecurities.com.

VIGIL MECHANISM:

Pursuant to Section 177(9) of the Companies Act, 2013, a Vigil Mechanism has been established for Directors and employees to report to the management, instances of unethical behavior, actual or suspected, fraud or violation of the Companys Code of Conduct or Ethics Policy. The said policy is uploaded on the website of the Company at www.mehtasecurities.com.

INTERNAL FINANCIAL CONTROL SYSTEM AND THEIR ADEQUACY:

The details in respect of Internal Financial Control and their adequacy are included in the Management Discussion & Analysis Report, which form part of this report.

RISK MANAGEMENT:

The Company is not statutorily required to form Risk Management Committee. However, the Audit Committee of the board evaluates the risk management system regularly.

COMMITTEES OF BOARD:

Details of various Committees constituted by the Board of Directors and changes during the year under review as per the provisions of applicable Sections and Provisions of Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are given elsewhere in this report.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENT UNDER SECTION 186:

During the year under review, your Company has not made any Loans and Advances in the nature of Loans to Subsidiaries or to Firms/Companies in which directors are interested. Hence disclosure pursuant to Regulation 34(3) read with part A of Schedule V of the Listing Regulation is not required. It also has not given any Guarantees or made Investments in excess of the limits within the meaning of Section 186 of the Companies Act, 2013.

STATEMENT ON DECLARATION OF INDEPENDENCE BY INDEPENDENT DIRECTORS:

The Company has received declarations from all the Independent Directors of the Company confirming that they meet with the criteria of Independence provided in 149(6) of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further, there has been no change in the circumstances which may affect their status as Independent Director during the year.

DEPOSITS:

During the year under review, your Company has not accepted any fixed deposits within the meaning of the provisions of Chapter V Acceptance of Deposits by Companies read with rules thereto.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE

GOING CONCERN STATUS OF THE COMPANY:

There were no significant and material orders passed by the Regulators or Courts or Tribunals which would impact the going concern status of the Company and the Companys future operations.

DEMATERIALISATION OF SHARES:

To provide best services to the shareholders and investors, Companys equity shares are made available for dematerialization in electronic form in the Depository systems operated by National Securities Depository Limited (NSDL) and Central Depository Service Limited (CDSL).

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to Section 134(5) of the Companies Act, 2013, the Board of Directors, to the best of their knowledge and ability, state the following:

a) that in preparation of the annual financial statements for the financial year ended on 31 st March, 2026, the applicable accounting standards have been followed along with proper explanation relating to material departures if any; b) that such accounting policies have been selected and applied consistently and judgments and estimates have been made that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31 st March, 2026 and of the profit of the Company for the year ended on that date; c) that 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 the company, and for preventing and detecting fraud and other irregularities; d) that the annual financial statements have been prepared on a going concern basis; e) that the proper internal financial controls were in place and that financial controls were adequate and were operating effectively; f) that proper systems to ensure compliance with the provisions of all applicable laws were in place were adequate and operating effectively.

PARTICULARS OF EMPLOYEES:

The information required under Section 197(12) of the Companies Act, 2013 read with rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are provided in separate annexure forming part of this Report as Annexure D .

PARTICULARS OF EMPLOYEE IN TERMS OF SUB-SECTION 12 OF SECTION 197 OF THE COMPANIES ACT, 2013 READ

WITH RULE 5(2) OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014:

There was no employee of the Company employed throughout the financial year with salary above Rupees One Crore Two Lacs per annum or employed in part of the financial year with an average salary above Rupees Eight Lacs Fifty thousand per month.

Further, there is no employee employed throughout the financial year or part thereof, who was in receipt of remuneration in aggregate, in excess of that drawn by the Managing Director or Whole-time Director or Manager and holds by himself or along with his spouse and dependent children, not less than two per cent (2 per cent) of the equity shares of the Company.

CORPORATE GOVERNANCE:

The new Listing Regulations has provided exemption under regulation 15(2)(a) from applicability of Corporate Governance provisions as specified in regulations 17 [17A], 18, 19, 20, 21, 22, 23, 24 [24A], 25, 26, 27 and clause (b) to (i) [and (t) ] of sub-regulation (2) of regulation 46 and Para C, D and E of Schedule V in respect of listed entities having paid-up Equity share Capital not exceeding rupees ten crore and net worth not exceeding rupees twenty five crore as on the last day of the previous financial year 2024-25. Your Company falls under the exemption criteria as laid down under Regulation 15(2)(a) and therefore, not required mandatorily to comply with the said regulations. The Company therefore is not required to make disclosures in Corporate Governance Report as specified in Para C of Schedule V to the Listing Regulations.

However, pursuant to Regulation 15(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, notwithstanding sub-regulation (2) of regulation 15, the provisions of Companies Act, 2013 shall continue to apply, wherever applicable.

The certificates required under Schedule V (E) of the Listing Regulations, regarding compliance of conditions of Corporate Governance is annexed to this report as Annexure-E.

CERTIFICATE FROM PRACTICING COMPANY SECRETARY REGARDING NON-DEBARMENT AND NON

DISQUALIFICATION OF DIRECTORS:

The Company has obtained a certificate from CS Rohit Bajpai, Practicing Company Secretary confirming that none of the Directors on the board of the Company have been debarred or disqualified from being appointed or continuing as director of the Company by the Securities and Exchange Board of India and Ministry of Corporate Affairs or any such authority. The said certificate is annexed as - Annexure-F and forms part of this Annual Report.

DEMAT SUSPENSE ACCOUNT:

There are no shares in Demat Suspense/Unclaimed Suspense Account.

PREVENTION OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE(PREENTION, PROHIBITION & REDRESSAL) ACT, 2013:

During the year under review, the Company had one women employee. It was not required to constitute Internal Complaints Committee as per the provisions of Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013.

DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME SETTLEMENT

AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF.

No such incidence took place during the year.

DISCLOSURE OF MATERNITY BENEFIT COMPLIANCE :

During the year under review, the Company had one women employee. Accordingly, Maternity Benefit Act is not applicable to the Company.

DIRECTORS DISQUALIFICATION :

All the directors of the company have confirmed that they are not disqualified from being appointed as directors in term of Section 164 of the Companies Act, 2013.

DETAILS OF APPLICATION MADE OR ANY PROCEEDINGS PENDING UNDER INSOLVENCY AND BANKRUPTCY CODE

2016 :

There was no application made or proceedings pending under Insolvency and Bankruptcy Code 2016 during the period under review.

DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME SETTLEMENT

AND THE VALUATION DONE WITH TAKING LOAN FROM THE BANK OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF:

No such incidence took place during the year.

FINANCIAL YEAR ALIGNED WITH THE REQUIREMENTS OF COMPANIES ACT, 2013 :

The Company has aligned the period of financial year to commence from 1 st April and end on 31 st March every year in compliance with the requirement of section2(41) of the Companies Act 2013.

REPORTING OF FRAUDS:

There was no instance of fraud during the year under review, which required the Statutory Auditors to report to the Audit Committee and / or Board under Section 143(12) of the Act and the rules made there under.

ACKNOWLEDGEMENT:

The Directors take this opportunity to place on record the appreciation of the valuable contribution and dedication shown by the employees of the Company, RTA, Auditors and Practicing Company Secretary which have contributed to the successful management of the Companys affairs.

The Directors also take this opportunity to thank all the Stakeholders, Investors, Clients, Banks, Government, Regulatory Authorities and Stock Exchange for their continued support.

For and on behalf of Board of Directors, Mehta Securities Ltd.

Sd/- Sd/- Place: Ahmedabad Bhavna D. Mehta Dhaval D. Sheth Date: 31 th August, 2026 (Chairperson & Managing Director) (Director) (DIN: 01590958) (DIN: 02418261)