Mishka Exim Ltd Directors Report

To

The Members,

Mishka Exim Limited

Your Directors take pleasure in presenting the Twelfth (12th) Annual Report on the business and operations of the Company for the financial year ended March 31, 2026. This report is being presented along with the audited financial statements for the year.

1) FINANCIAL HIGHLIGHTS

(Amount in Thousands)

	Consolidated		Standalone
Particulars	F.Y 2025-26	F.Y 2024-25	F.Y 2025-26	F.Y 2024-25
Total Income	2,27,186.83	50,384.28	2,26,303.13	49,742.70
Total Expenditure	2,00,802.52	45,914.65	2,00,000.82	45,492.24
Profit Before Exceptional Items and tax	26,384.31	4,469.63	26,302.31	4,250.46
Share of Profits of Associates Exceptional Items	32.47	50.54	-	-
Extraordinary Items (Net)	-	-	-	-
Profit before Tax (PBT)	26,416.78	4,520.17	26,302.31	4,250.46
Current Tax	3,554.57	-	3,535.86	-
Tax for earlier years	-	0.33	-	-
Deferred Tax	3,102.35	1,165.69	3,100.45	1,110.92
Profit/ (Loss) for the year	19,759.86	3,354.15	19,665.99	3,139.54
Other comprehensive Income	1,799.51	857.04	658.35	432.45

2) REVIEW OF OPERATIONS (FY 2025 -26)

(a) Consolidated

Revenue from operations for the financial year 2025-26 stood at Rs. 2,23,474.11 thousand, as compared to Rs. 46,720.41 thousand in the previous financial year 2024-25, representing an increase of 378.34% over the previous year. For the financial year ended 31st March, 2026, the Company reported a profit of Rs. 19,759.86 thousand. The Company expects good business performance and returns in the future.

(b) Standalone

Revenue from operations for the financial year 2025-26 stood at Rs. 2,22,590.98 thousand, as compared to Rs. 46,720.41 thousand in the previous financial year 2024-25, representing an increase of 376.54% over the previous year. At the end of the financial year ended 31st March, 2026, the Company reported a profit of Rs. 19,665.99 thousand. The Company expects good business performance and returns in the future.

3) STATE OF THE COMPANYS AFFAIRS

The Company performance was satisfactory during the year.

The Board is proactively managing the operations of the Company and putting all its efforts to increase the total revenue and profitability of the Company.

4) CHANGE IN NATURE OF BUSINESS

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

5) DIVIDEND

Keeping in view, the working capital requirement directors have decided to skip the dividend for the year.

6) TRANSFER TO RESERVES

During the period under review, the Company had not transferred any sum to Reserves. Therefore, your Company proposes to transfer the entire amount of Profit to Profit and Loss Account of the Company.

7) SHARE CAPITAL

A. Authorized Share Capital

During the financial year under review, there was no change in the Authorized Share Capital of the Company. On March 31, 2026, the Authorized share capital of the Company was Rs. 15,00,00,000/- (Rupees Fifteen Crore Rupees only) divided into 1,50,00,000 (One Crore fifty Lakh only) equity shares of Rs. 10/- (Rupee Ten only) each.

B. Paid up Share Capital

During the financial year under review, there was no change in the Issued, Subscribed and Paid up share capital of the Company. On March 31, 2026, the Issued, Subscribed and Paid up share capital of the Company was Rs. 14,45,00,000/- (Rupees Fourteen Crore Forty Five Lakh Rupees only) divided into 14450000 equity shares of Rs. 10/- (Rupee Ten only) each.

8) LISTING AT STOCK EXCHANGE

The shares of the company are currently listed on the BSE Limited (BSE) and traded on the said Exchanges under the scrip code/symbol as given below:

BSE Scrip Code: 539220

The annual listing fees for the current year (i.e., F.Y. 2026- 2027) have been paid to the Stock Exchanges.

9) SUBSIDIARIES, JOINT VENTURES AND ASSOCIATES

The consolidated Financial Statements of the Company & its subsidiaries which form part of Annual Report have been prepared in accordance with Section 129(3) of the Companies Act, 2013. Further, a statement containing the salient features of the Financial Statements of Subsidiaries and Associate Companies in prescribed Form AOC – 1 is annexed herewith as "Annexure - A".

Pursuant to the provisions of Section 136 of the Companies Act, 2013, Audited Financial Statements, including Consolidated Financial Statements and related information of the Company and its Subsidiaries are available on the website of the Company at www.mishkaexim.com. These documents will also be available for inspection during the business hours at the Registered Office of the Company. Any member desirous of obtaining a copy of the said Financial Statements may write to the Company at mishkaexim@gmail.com.

10) COMPANIES WHICH HAVE BECOME OR CEASED TO BE THE SUBSIDIARIES, JOINT VENTURES OR ASSOCIATE COMPANIES

During the financial year under review, no Company have become or ceased to be subsidiaries, Joint Venture or associate Company of the Company.

11) MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report (MD&A) for the year under review, in compliance with Regulation 34 (3) read with Para B of Schedule V of SEBI Listing Regulations has been annexed herewith as "Annexure -E in the Annual Report.

12) SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS/ COURTS/ TRIBUNALS

No significant or material orders were passed by the Regulators or Courts or Tribunals which impacts the going concern status and companys operations in future.

13) AUDITORS

a) Statutory Auditors

In terms of Section 139 of the Companies Act, 2013, read with the Companies (Audit and Auditors) Rules, 2014, M/s. Gaur & Associates, Chartered Accountants (FRN: 005354C), Delhi, are the Statutory Auditors of the Company and their present term of office is due to expire at the conclusion of the ensuing Twelfth (12th) Annual General Meeting of the Company to be held on September 30, 2026.

The Board of Directors, on the recommendation of the Audit Committee, has recommended the re-appointment of M/s. Gaur & Associates, Chartered Accountants (FRN: 005354C), as the Statutory Auditors of the Company for a further term of five consecutive years, from the conclusion of the ensuing Twelfth (12th) Annual General Meeting until the conclusion of the Seventeenth (17th) Annual General Meeting of the Company, subject to the approval of the Members at the ensuing Annual General Meeting.

The Company has received the necessary consent and eligibility certificate from the Statutory Auditors confirming that their re-appointment, if approved, shall be in accordance with the applicable provisions of the Companies Act, 2013 and the rules made thereunder.

The Auditors Report for the financial year ended March 31, 2026 does not contain any qualification, reservation, adverse remark or disclaimer. The observations, if any, made by the Statutory Auditors in their report read with the relevant notes to accounts are self-explanatory and, therefore, do not call for any further explanation or comments from the Board.

The Statutory Auditors have not reported any incident of fraud to the Audit Committee of the Company during the year under review.

b) Secretarial Auditors

In terms of Section 204 of the Companies Act, 2013 and applicable Rules made thereunder, the Board of Directors of the Company at their meeting held on 30th September, 2025 had appointed M/s. Parveen Rastogi & Co., Company Secretaries in practice, as Secretarial Auditors to conduct the Secretarial Audit of the Company from FY 2025-26 to FY 2029-2030.

The Secretarial Audit report issued by M/s. Parveen Rastogi & Co., Secretarial Auditors of the Company in Form MR-3 is annexed as Annexure –B. The Secretarial Audit Report for the financial year ended March 31, 2026, is self- explanatory and does not contain any qualifications, reservations, adverse remark or disclaimer.

Pursuant to SEBI circular vide no. CIR/CFD/ CMD/1/27/2019 dated February 8, 2019, the Company has submitted the Annual Secretarial Compliance Report is annexed as Annexure –C, issued by M/s. Parveen Rastogi & Co., Secretarial Auditors of the Company with the Stock Exchanges, where the equity shares of the Company are listed.

Pursuant to the provisions of Regulation 24A of the SEBI (LODR) Regulations 2015 and Section 204 of the Companies Act, 2013, the Board has approved the appointment of M/s. Parveen Rastogi & Co., Company Secretaries in practice, a peer reviewed Company Secretaries in Practice, as a Secretarial Auditors of the Company for a tenure of five consecutive years, commencing from FY 2025-26 to FY 2029-2030 in the 11th AGM of the Company.

C) Internal Auditors

Pursuant to the provisions of Section 138 of the Companies Act, 2013 and rules made thereunder (including any amendment(s), modification(s) or re-enactment(s) thereof for the time being in force), the Board of Directors of the Company, on recommendation of Audit Committee, at their meeting held on July 17, 2025, has re-appointed M/s. Sharma Ashwani & Associates, Chartered Accountants, as Internal Auditors of the Company to conduct Internal Audit of the Company for period of 1 year i.e. for the financial year 2025-26. The scope of work and authority of the Internal Auditors is as per the terms of reference approved by Audit Committee. The Internal Auditors monitors and evaluates the efficiency and adequacy of internal control system in the Company, its compliance with operating systems, accounting procedures and policies of the Company. Significant audit observation and recommendations along with corrective actions thereon have been presented to the Audit Committee of the Board, from time to time.

Pursuant to the provisions of section 138 of the Companies Act, 2013, the Board has approved the appointment of M/s. Sharma Ashwani & Associates, Chartered Accountants, as Internal Auditors of the Company to conduct Internal Audit of the Company for the financial year 2025-26.

14) PARTICULARS OF LOANS, GUARANTEE OR INVESTMENT UNDER SECTION 186

The particulars of loans, guarantees and investments covered under Section 186 of the Companies Act, 2013 have been disclosed in the financial statements.

15) ANNUAL RETURN

In compliance of section 134 (3) (a) and 92(3) of the Companies Act, 2013 (‘the Act), the Annual Return of the Company as on March 31, 2026 in Form MGT-7 is available on the website of the Company at www.mishkaexim.com.

16) DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 134(3)(c) read with Section 134(5) of the Companies Act 2013, the Directors to the best of their knowledge and ability, hereby confirm that:

(a) in the preparation of the annual accounts for the financial year ended March 31, 2026, the applicable accounting standards had been followed along with proper explanation relating to material departures;

(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 at the end of the financial year and of the profit and loss of the company for that period;

(c) the Directors have taken proper and sufficient care to the best of their knowledge and ability 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 Directors have prepared the Accounts for the financial year ended March 31, 2026 on a ‘going concern basis;

(e) the Directors have laid down internal financial controls to be followed by the Company and such Internal Financial Controls are adequate and operating effectively;

(f) the Directors have devised proper system to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively;

17) DISCLOSURE ON COMPLIANCE WITH SECRETARIAL STANDARDS

During the year under review, the Company has complied with the Secretarial Standards applicable to the meeting of the Board of Directors and Shareholders. The Company has devised proper system to ensure compliance with the provisions of all applicable Secretarial Standards issued by the Institute of Company Secretaries of India and that such systems are adequate and operating effectively.

18) DIRECTORS AND KEY MANAGERIAL PERSONNEL

In accordance with the provisions of Section 152 of the Companies Act, 2013 and that of Articles of Association of the Company, Mr. Varun Gupta (DIN: 02282173), Director of the Company, being longest in office is liable to retire by rotation at ensuing 12th Annual General Meeting of the Company and being eligible, has offered himself for re-appointment.

I. Inductions, Re-appointment, Change in Designation, Retirements & Resignations Re-appointment

Appointment

A. Mr. Rajneesh Gupta, Managing Director

Pursuant to the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company, at its meeting held on 30th September, 2025, appointed Mr. Rajneesh Gupta (DIN: 00132141) as Managing Director, of the Company, for a term of three (3) consecutive years with effect from September 30, 2025, whose office shall be liable to retire by rotation at such remuneration decided by the Board.

B. Mr. Naresh Kumar Garg, Independent Director

Pursuant to the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company, at its meeting held on 30th September, 2025, appointed Mr. Naresh Kumar Garg (DIN: 02290538) as Independent Director, of the Company, for a term of five (5) consecutive years with effect from September 30, 2025.

C. Mr. Rakesh Aggarwal, Independent Director

Pursuant to the recommendation of Nomination and Remuneration Committee, the Board of Directors of the Company at their meeting held on July 27, 2026 has appointed Mr. Rakesh Aggarwal (DIN: 08702680) as an Additional Director in the category of Independent Director with effect from July 27, 2026, subject to approval of the shareholders of the Company for the office of Independent Director of the Company for a term of 5 (Five) consecutive years i.e. from July 27, 2026 to July 26, 2031.

D. Mrs. Sonal Goyal, Company Secretary and Compliance Officer

Pursuant to the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company, at its meeting held on January 13, 2026, appointed Mrs. Sonal Goyal (Membership No. ACS73240) as Company Secretary and Compliance Officer, designated as a Key Managerial Personnel (KMP) of the Company, at such remuneration decide by the Board.

Retirement/ Cessation

A. Mrs. Priyanka Pathak, Company Secretary and Compliance Officer

During the financial year under review, Mrs. Priyanka Pathak Company Secretary & Compliance Officer and Key Managerial Personnel of the Company, ceased to be the Company Secretary & Compliance Officer of the Company with effect from 01st November, 2025 due to resignation.

The Board of Directors placed on record its appreciation for the valuable services and contribution rendered by Mrs. Priyanka Pathak during her tenure with the Company.

B. Mr. Akhil Mohan Gupta, Independent Director

During the financial year under review, Mr. Akhil Mohan Gupta, Independent Director of the Company, ceased to be a Director of the Company with effect from September 30, 2025 due to resignation.

The Board of Directors placed on record its appreciation for the valuable contribution, guidance and services rendered by Mr. Akhil Mohan Gupta during his tenure as an Independent Director of the Company.

The Board further confirms that the cessation of Mr. Akhil Mohan Gupta was duly noted by the Board and the necessary disclosures were made to the Stock Exchanges in accordance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Companies Act, 2013.

C. Mr. Rajneesh Kumar Garg, Independent Director

During the financial year under review, Mr. Rajneesh Kumar Garg, Independent Director of the Company, ceased to be a Director of the Company with effect from July 27, 2026 due to resignation.

The Board of Directors placed on record its appreciation for the valuable contribution, guidance and services rendered by Mr. Rajneesh Kumar Garg during his tenure as an Independent Director of the Company.

The Board further confirms that the cessation of Mr. Rajneesh Kumar Garg was duly noted by the Board and the necessary disclosures were made to the Stock Exchanges in accordance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Companies Act, 2013.

II. Declaration by Independent Directors

Every Independent Director, at the first meeting of the Board after their appointment and thereafter at the first meeting of the Board in every financial year or whenever there is any change in the circumstances which may affect their status as an independent director, is required to provide a declaration that he/ she meets the criteria of independence as provided in Section 149(6) of the Act and Regulation 16(1)(b) of the SEBI (LODR) Regulations.

In accordance with the above, each Independent Director has given a written declaration to the Company confirming that he/she meets the criteria of independence under Section 149(6) of the Act and Regulation 16(1)(b) of the SEBI (LODR) Regulations and that they have complied with the Code of Conduct as specified in Schedule IV to the Act.

In the opinion of the Board, all the Independent Directors fulfil and meet the criteria of independence as provided under the Companies Act, 2013 and Rules made thereunder, read with the SEBI (LODR) Regulations and are independent of the management and possess requisite qualifications, experience, and expertise and hold highest standards of integrity to discharge the assigned duties and responsibilities as mandated by Act and Listing Regulations diligently. Disclosure regarding the skills/ expertise/ competence possessed by the Directors is given in detail in the Report on Corporate Governance forming part of this Annual Report.

All Independent Directors have registered their name in the databank maintained with the Indian Institute of Corporate Affairs, ("IICA"). Further, in terms of Section 150 of the Act, read with Rule 6(4) of the Companies (Appointment & Qualification of Directors) Rules, 2014, all the Independent Directors have passed or were exempted to undertake online proficiency self-assessment test conducted by the IICA pursuant to Companies Act and rules made thereunder.

None of the aforesaid Directors are disqualified under Section 164(2) of the Companies Act, 2013. Further, they are not debarred from holding the office of Director pursuant to any order of SEBI or any other authority.

The Company issues a formal letter of appointment to the Independent Directors, outlining their role, function, duties and responsibilities, the format of which is available on the Companys website at www.mishkaexim.com.

III. Familiarization Programme for the Board of Directors

The Company believes in the policy of transparency by sharing regular updates with the Independent Directors. The Company makes presentations to the directors in their meetings held on regular intervals to keep them abreast of Companys strategy, operations, product and service offering, market, organization structure, finance, human resources, technology, quality, facilities, risk management and insider trading laws. The Independent Directors have been provided with necessary documents/ brochures, reports and internal policies to enable them to familiarize with the Company, its operations, business, industry, environment in which it functions, procedures and practices.

Details of familiarization programme of Independent Directors can be accessed on the weblink viz. www.mishkaexim.com.

19) BOARD & COMMITTEE MEETINGS

a) Board Meetings:

The Board met 8 (Eight) times during the financial year 2025-26. The details of Board Meetings and attendance of Directors there at are given in the Corporate Governance Report, appearing as a separate section in this Annual Report.

Sl No.	Date	No. of Directors present
1.	02.05.2025	6
2.	10.06.2025	6
3.	17.07.2025	6
4.	05.09.2025	6
5.	01.11.2025	6
6.	13.11.2025	6
7.	13.01.2026	6
8.	02.03.2026	6

b) Committee Meetings:

During the year under review, the Board has 3 (three) Committees viz:

1. Audit Committee,

2. Nomination & Remuneration Committee,

3. Stakeholders Relationship Committee,

Details about the Committees, Committee Meetings and attendance of its Members are given in the Corporate Governance Report, appearing as a separate section in the Annual Report.

During the year under review, all recommendations of Audit Committee were accepted by the Board of Directors.

20) PARTICULARS OF REMUNERATION OF DIRECTORS, KEY MANAGERIAL PERSONNEL AND EMPLOYEES

There were no employees in the Company whose remuneration exceeded the limit as mentioned under Section 197(12) read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

21) PERFORMANCE EVALUATION OF THE BOARD, ITS COMMITTEES AND INDIVIDUAL DIRECTORS

Pursuant to the provisions of Companies Act, 2013 and Regulation 17 of SEBI Listing Regulations the Board carried out an annual performance evaluation of its own performance, Board Committee and of Individual Directors. The Board of Directors expressed their satisfaction with the evaluation process.

The criteria for performance of evaluation cover the areas relevant to the functioning of the Board and Board Committees such as its composition, oversight and effectiveness, performance, skills and structure etc.

The Board of Directors also evaluated the functioning/ performance of Audit Committee, Stakeholders Relationship Committee, Nomination & Remuneration Committee. Further the Board expressed satisfaction with their functioning/performance of the Committees, Individual Directors.

In terms of requirements under Schedule IV of the Companies Act, 2013 and Regulation 25(3) of SEBI Listing Regulations, a separate meeting of the Independent Directors was held November 13, 2025 without presence of Executive officers of the Company.

The Independent Directors at its meeting, inter alia, reviewed the following:-

- Performance of Non- Independent Directors and Board as a whole.

- Performance of the Chairman of the Company, taking into account the views of Executive Directors and Non-Executive Directors. 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.

- The Independent Directors expressed their satisfaction on the above reviews/evaluation.

22) MANAGEMENT OF RISK OF FRAUD, CORRUPTION AND UNETHICAL BUSINESS PRACTICES

Whistle Blower Policy/Vigil Mechanism:

The Company has implemented a Whistle Blower Policy pursuant to which Whistle Blowers can raise concerns or grievance regarding unethical practice. Further, the mechanism adopted by the Company encourages the Whistle Blower to report genuine concerns or grievances and provides for adequate safeguards against victimization of Whistle Blower who avail of such mechanism and also provides for direct access to Chairman of the Audit Committee, in exceptional cases. The details of the Whistle Blower Policy are available on the website of the Company (http://www.mishkaexim.com)

23) DISCLOSURE AS REQUIRED UNDER SECTION 22 OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

The Company is committed to providing a safe, respectful and dignified work environment to all its employees and follows a zero-tolerance approach towards sexual harassment at the workplace.

The Company has adopted a Policy on Prevention, Prohibition and Redressal of Sexual Harassment of Women at Workplace in accordance with the applicable provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 ("POSH Act") and the Rules made thereunder. The Policy is made available to the employees and is accessible through the Companys designated communication channels/website, as applicable.

As the number of employees/workers of the Company is less than ten, constitution of an Internal Committee under Section 4 of the POSH Act is presently not applicable to the Company. Accordingly, no Internal Committee has been constituted by the Company.

During the Financial Year 2025–26, the Company did not receive any complaint relating to sexual harassment of women at the workplace.

Particulars	Number
Number of cases pending as on the beginning of the financial year	NIL
Number of complaints filed during the year	NIL
Number of cases pending as on the end of the financial year	NIL
Number of cases pending for a period exceeding 90 days	NIL

24) STATEMENT ON MATERNITY BENEFIT COMPLIANCE

In accordance with the Maternity Benefit Act, 1961, and the amendments thereto, our Company ensures that female employees are provided with maternity benefits, including paid leave and other benefits, as prescribed under the Act.

We confirm that our Company is in compliance with the provisions of the Maternity Benefit Act, 1961, and the rules made thereunder, and provides a supportive work environment for our female employees.

25) NOMINATION AND REMUNERATION POLICY

In terms of provisions of Section 178 of Companies Act, 2013 and Regulation 19 of the SEBI Listing Regulations, as amended from time to time, the Board of Directors has framed a Nomination and Remuneration Policy which lays down a framework in relation to appointment and remuneration of Directors, Key Managerial Personnel and Senior Management of the Company. The Policy broadly lays down the guiding principles, philosophy and the basis / criteria for payment of remuneration to Executive and Non-executive Directors (by way of sitting fees and commission), Key Managerial Personnel and Senior Management etc. The Policy also provides criteria for determining qualifications, positive attributes and Independence of Director and criteria for appointment of Key Managerial Personnel /Senior Management and performance evaluation which are considered by the Nomination and Remuneration Committee and the Board of Directors while making selection of the candidate.

The salient features of Nomination and Remuneration Policy of the Company are outlined in the Corporate Governance Report which forms part of this Annual Report. The above policy has been placed on the website of the Company www.mishkaexim.com.

26) PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

All Related Party Transactions entered into during the Financial Year ended March 31, 2026, were on an arms length basis and in the ordinary course of business under Section 188 of the Companies Act, 2013. As per the applicable provisions of the SEBI Listing Regulations, the Related Party Transactions have been placed before the Audit Committee for its prior approval. Further, omnibus prior approval of the Audit Committee has been obtained for transactions which are foreseeable and repetitive in nature, and the transactions entered into pursuant to such omnibus approval have been placed before the Audit Committee for review on a quarterly basis.

The particulars of contracts or arrangements with related parties, as required under Section 134(3)(h) of the Companies Act, 2013 read with Rule 8(2) of the Companies (Accounts) Rules, 2014, are provided in Form AOC-2 annexed as Annexure –D to and forming part of this Boards Report.

The details of related party transactions as per the applicable Indian Accounting Standards (Ind AS) are set out in Note 28 of the Standalone Financial Statements of the Company. The policy on Related Party Transactions, as formulated by the Board, is available on the Companys website at www.mishkaexim.com.

27) INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has designed a proper and adequate internal control system to ensure adherence to Companys policies, safeguarding of its assets, prevention and detection of fraud, errors and accuracy and completeness of accounting records.

The Internal Auditors routinely conduct system check and audit and give their report after evaluation of the efficacy and adequacy of internal control system including controls with respects to the financial statements, its compliance with operating systems, accounting procedures and policies in the Company. Based on the report of Internal Audit the departments undertake corrective action in their respective areas and thereby strengthen the controls. The significant audit observations and corrective actions thereon are presented to the Audit Committee.

28) DEPOSITS:

During the year under review, your Company has neither accepted nor renewed any deposits from the public within the meaning of Section 73 of the Act and Companies (Acceptance of Deposits) Rules, 2014.

29) CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The Company always endeavors to reduce energy consumption and achieve conservation of resources. However, since your Company does not own any manufacturing facility / production plants, the requirements pertaining to disclosure of particulars relating to Conservation of Energy, Research & Development and Technology Absorption, as prescribed under Companies (Disclosure of particulars in the Report of Board of Directors) Rules, 1988, are not applicable to the Company.

The information regarding Foreign Exchange earnings and outgo during the year is as below:

Sl. No	Particulars	Year ended March 31, 2026 (Rs. in Thousands)
1.	Foreign Exchange Earned	NIL
2.	Foreign Exchange Used	NIL

30) DETAILS IN RESPECT OF FRAUD REPORTED BY AUDITORS

Pursuant to provisions of Section 143 (12) of the Companies Act, 2013 there were no frauds reported by the Auditors of the Company during the year under review, to the Audit Committee or the Board of Directors, therefore no disclosure is required to be made under Section 134 (3) (ca) of the Companies Act, 2013.

31) CORPORATE SOCIAL RESPONSIBILITY

Provision under Section 135 of the Companies Act, 2013 and the rules made there under are not applicable to the Company. Hence no disclosure on Corporate Social Responsibility was taken on record.

32) MAINTENANCE OF COST RECORDS

The provisions mandating maintenance of Cost Records and appointment of Cost Auditor for conducting Cost Audit as prescribed under Section 148 of the Act are not applicable to the Company.

33) MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY:

Not Applicable

34) DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER IBC, 2016

No application has been made under the Insolvency and Bankruptcy Code; hence the requirement to disclose the details of application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year along with their status as at the end of the financial year is not applicable.

35) 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:

Not applicable.

36) CORPORATE GOVERNANCE REPORT

In compliance with the provisions of Regulation 34 of SEBI Listing Regulations read with Schedule V to SEBI Listing Regulations, the Corporate Governance Report of your Company along with a Certificate on Corporate Governance received from M/s Parveen Rastogi & Co., Company Secretaries in practice, confirming compliance with the conditions of corporate governance, is enclosed as separate section of Corporate Governance report in this Annual Report.

37) DISCLOSURE UNDER SECTION 43(A)(II) OF THE COMPANIES ACT, 2013

The Company has not issued any shares with differential rights and hence no information as per provisions of Section 43(a)(ii) of the Act read with Rule 4(4) of the Companies (Share Capital and Debenture) Rules, 2014 is furnished.

38) DISCLOSURE UNDER SECTION 54(1)(D) OF THE COMPANIES ACT, 2013

The Company has not issued any sweat equity shares during the year under review and hence no information as per provisions of Section 54(1)(d) of the Act read with Rule 8(13) of the Companies (Share Capital and Debenture) Rules, 2014 is furnished.

39) ACKNOWLEDGEMENT

Your Board acknowledges support and co-operation received from all its stakeholders including our shareholders as well as regulatory authorities of the Central Government and all State Governments in India as they endeavor to create an enabling environment for industry and commerce to prosper.

Your Company has been able to perform better with the continuous improvement in all functions and areas, coupled with an efficient utilization of the Companys resources led to sustainable and profitable growth of the Organization.

Your Directors wish to place on record their appreciation for the continuous assistance, support and co-operation received from all the employees, stakeholders, viz. financial institutions, banks, governments, authorities, shareholders, clients, vendors, customers and associates.

For and on Behalf of the Board

For Mishka Exim Limited

Sd/-

Rajneesh Gupta

(Managing Director)

DIN: 00132141

41 Shanti Vihar

Delhi- 110092

Sd/-

Suman Gupta

(Director)

DIN: 00027797

41 Shanti Vihar,

Delhi- 110092

Date: 04.09.2026

Place: Delhi