Mohit Industries Ltd Directors Report

To,

The Members of, Mohit Industries Limited

Your Directors are pleased to present the 36^th Annual Report of Mohit Industries Limited ("Company") along with the Audited Financial Statements for the Financial year ended 31st March, 2026.

FINANCIAL RESULTS & PERFORMANCE:

Your Companys financial performance for the year ended 31st March, 2026 is summarized below:

( in Lakhs)

Particulars	Standalone		Consolidated
	Financial Year ended 31-03-2026	Financial Year ended 31-03-2025	Financial Year ended 31-03-2026	Financial Year ended 31-03-2025
Revenue from operations	13989.67	11239.58	13989.67	11239.58
Other Income	219.82	184.48	219.82	184.48
Total Revenue	14209.49	11424.06	14209.49	11424.06
Profit before tax and Exceptional	(128.51)	(328.23)	(128.51)	(328.23)
Items
Exceptional Items	(4.12)	-	(4.12)	-
Profit/(Loss) before Taxation	(132.63)	(328.23)	(132.63)	(328.23)
-Current Tax	-	-	-	-
-Deferred Tax	(57.43)	(82.13)	(57.43)	(82.13)
-Short Provision for Income Tax	-	-	-	-
expense relating to prior Year
Net Profit/ (Loss) For the Year	(75.19)	(246.10)	(78.79)	(242.72)
Other Comprehensive Income for the Year, Net of Tax	(578.19)	(871.85)	(8268.64)	(9469.85)
Total Comprehensive Income for the Year	(653.38)	(1117.95)	(8347.44)	(9712.58)

STATE OF COMPANYS AFFAIR:

During the year, your company recorded total revenue of 13989.67 Lakhs against 11239.58 Lakhs in the previous year, resulting into profit before tax of (128.51) Lakhs during the year as compared to profit before tax of (328.23) Lakhs in previous year. Total Comprehensive Income during the year was (653.38) Lakhs as compared to (1117.95) Lakhs in the previous year. A detailed analysis on the Companys performance is included in the "Management Discussion and Analysis" Report, which forms part of this Report.

EXPORT:

The Company has exported Polyester Draw Texturized Yarn (DTY) with a Premium and in its Brand Name to South Korea, Thailand, Czech Republic, Denmark, Bangladesh, Egypt, Nepal and many more Countries. During the year under review, your company has recorded export turnover of 1049.17 lakhs, against last years figure of 1443.98 lakhs. Your company also holds Certificate of Oeko-Tex? Standard 100.

DIVIDEND:

With a view to conserving resources for the Companys business operations, the Board of Directors has not recommended any dividend for the financial year ended March 31, 2026.

UNCLAIMED DIVIDEND:

No funds were required to be transferred to Investor Education and Protection Fund (IEPF) during the year under review.

TRANSFER TO RESERVE:

During the year under review, the Company has not proposed any transfer to the General Reserve.

SHARE CAPITAL:

The Authorized Share Capital of the company as on March 31, 2026, was 25,00,00,000/- divided into 2,50,00,000 equity shares of 10/- each and paid-up share capital of the company as on March 31, 2026, was 14,15,75,750/-divided into 1,41,57,575 equity shares of 10/- each. During the year under review, Company has not issued shares or convertible securities or shares with differential voting rights and has also not granted any stock options or sweat equity or warrants.

FORFEITURE OF SHARES:

During the year under review, the Company has not forfeited any equity shares.

ISSUE OF EQUITY SHARES WITH DIFFERENTIAL RIGHTS AS TO DIVIDEND, VOTING OR OTHERWISE:

During the year under review, the Company has not issued any equity shares with differential rights as to dividend, voting or otherwise.

RIGHT ISSUE OF SHARES:

The Board of Directors of the Company at its Meeting held on November 14, 2025 have considered and approved the raising of funds through the issuance of equity shares of the Company through Right Issue for an amount not exceeding Rs.25 Crores. The Right Issue Committee of the Board of Directors at its Meeting held on February 04, 2026 have revised and approved the size of proposed Right Issue upto Rs. 15 Crores which was previously approved by the Board of Directors upto Rs. 25 Crores. The Company have filed Letter of Offer with BSE & NSE on January 06, 2026 and the Right Issue process is currently underway.

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES:

The Company does not have any Joint Venture Company and Subsidiary Company. The Company has following Associate Company within the meaning of Section 2(6) of Companies Act, 2013:

Sr. No. Name of company	Nature of relation
1. Mohit Overseas Limited	Associates
2. Mohit Yarns Limited	Associates

In line with the requirements of Regulation 16(1)(c) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), the Company has a policy on identification of material subsidiaries, which is available on the Companys website at https://mohitindustries.com/downloads/codes-and-policies/

PERFORMANCE AND FINANCIAL POSITION OF THE SUBSIDIARY COMPANIES/ JOINT VENTURE/ ASSOCIATE COMPANY:

A statement containing the salient features of the financial statement of the Companys Associates under the provisions of Section 129(3) of the Companies Act, 2013 read with Rule 5 of the Companies (Accounts) Rules, 2014, has been annexed as "Annexure-II" in prescribed form AOC-1.

CHANGE IN NATURE OF BUSINESS:

During the year under review, there was no change in the nature of business of the company.

PUBLIC DEPOSITS:

The Company did not accept any deposits from the public under Section 73 and 76 of the Companies Act, 2013 and rules made thereunder during the Financial Year ended 31st March, 2026.

ANNUAL RETURN:

Annual Return of the Company for the Financial year 2025-26 in form MGT - 7 pursuant to Section 92(3) read with

Section 134(3)(a) of the Companies Act, 2013, is placed on the Companys website at www.mohitindustries.com.

DETAILS OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:

During the year under review, the following changes took place in the composition of the Board of Directors and Key Managerial Personnel of the Company:

- Mr. Shrikanth Masarm resigned from the position of Company Secretary and Compliance Officer of the Company with effect from June 03, 2025. Ms. Zinal Modi was appointed as the Company Secretary and Compliance Officer of the Company with effect from June 17, 2025.

- Based on the confirmations received from Directors, none of the Directors are disqualified from appointment under Section 164 of the Companies Act, 2013. The Details of the Board and Committee composition and other related particulars are set out in the Corporate Governance Report, which forms part of this Annual Report.

DIRECTOR RETIRING BY ROTATION:

In accordance with the provisions of Section 152 of the Act, read with the rules made thereunder and the Articles of Association of the Company, Mr. Naresh Sitaram Saboo (DIN: 00223350), retires by rotation at the ensuing AGM and, being eligible, has offered himself for reappointment. The Directors recommend his reappointment for the approval of the Members.

MEETING OF BOARD HELD DURING THE YEAR:

During the Year under review, the Board of Directors of the Company met 7 (Seven) times. The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013 and Secretarial Standards as prescribed by the Institute of Company Secretaries of India.

The particulars of attendance of the Directors at the said Meetings are detailed in the Corporate Governance Report, which forms part of this Report.

DETAILS OF COMMITTEE OF DIRECTORS:

Detailed note on Composition of Audit Committee, Nomination and Remuneration Committee, and Stake Holders Relationship Committee, number of meetings held of each Committee during the financial year 2025-26 and meetings attended by each member of the Committee(s) as required under the Companies Act, 2013 are provided in Corporate Governance Report forming part of this Report.

STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTORS:

The Company has received declarations of independence from all its Independent Directors, as stipulated under Section 149(7) of the Companies Act, 2013 and Regulation 25(8) of the SEBI Listing Regulations, confirming that they meet the criteria of independence prescribed thereunder. The Board has duly assessed and taken these declarations on record as part of its annual performance evaluation process. Further, in terms of Regulation 25(8) of the SEBI Listing Regulations, the Independent Directors have also confirmed that they are not aware of any circumstances or situations which exist or may be reasonably anticipated, that could impair or impact their ability to discharge their duties with objective, independent judgment and without any external influence.

FAMILIARISATION PROGRAM

The Company conducts Familiarisation Programmes for its Independent Directors to acquaint them with their roles, rights, responsibilities and statutory obligations. Regular presentations covering the Companys business, industry trends, regulatory framework, financial matters and risk management are made during Board and Committee Meetings.

Details of the Familiarisation Programme for Directors are available on the Companys website at www. mohitindustries.com

ANNUAL COMPLIANCE AFFIRMATION

Pursuant to Regulation 26(3) of the SEBI Listing Regulations, all members of the Board of Directors and Senior Management Personnel have affirmed their compliance with the Code of Conduct applicable to the Board of Directors and Senior Management Personnel.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the provisions of Section 134 of the Companies Act, 2013, the Board of Directors, to the best of their knowledge and ability, hereby make the following statement:

i. That in preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures, if any;

ii. That 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;

iii. That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company for preventing and detecting fraud and other irregularities;

iv. That the directors had prepared the annual accounts on a going concern basis;

v. The directors have laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively;

vi. The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

CORPORATE SOCIAL RESPONSIBILITY (CSR):

The Company does not fall under the criteria mentioned under Section 135 of Companies Act, 2013, hence the disclosures as per Rule 9 of Companies (Corporate Social Responsibility Policy) Rules, 2014, are not applicable to the Company.

ANNUAL EVALUATION:

Pursuant to the provisions of Regulation 17(10) of the SEBI Listing Regulations and the provisions of the Act, the Board has carried out an Annual Evaluation of its own performance, performance of the Directors and the working of its committees based on the evaluation criteria defined by Nomination and Remuneration Committee (NRC) for performance evaluation process of the Board, its Committees and Directors. A structured questionnaire was prepared after taking into consideration inputs received from the Directors, covering various aspects of the Boards functioning such as adequacy of the composition of the Board and its Committees, Board culture, execution and performance of specified duties, obligations and governance.

The performance evaluation of the board was evaluated by the board after seeking inputs from all the directors on the basis of the criteria such as participation in decision making; participation in developing corporate governance; providing advice and suggestion etc. The Committees of the Board were assessed on the degree of fulfilment of key responsibilities, adequacy of Committee composition and effectiveness of meetings.

A separate exercise was carried out to evaluate the performance of individual Directors, who were evaluated on parameters such as level of engagement and contribution, independence of judgement, safeguarding the interest of the Company, constructive suggestions and its minority shareholders etc.

In a separate meeting of independent directors held on Friday, February 13, 2026, performance of non-independent directors, performance of the board as a whole and performance of the chairman was evaluated, taking into account the views of executive directors and non-executive directors. Performance evaluation of independent directors was done by the entire board, excluding the independent director being evaluated.

The reports on performance evaluation of the Individual Directors were reviewed by the Chairman of the Board.

INTERNAL FINANCIAL CONTROL SYSTEM:

The Company has put in place adequate, strong and effective internal control systems with best processes commensurate with its size and scale of operations which ensures that all the assets are safeguarded and protected and that the transactions are authorized recorded and reported correctly. The internal audit covers a wide variety of operational matters and ensures compliance with specific standard with regards to availability and suitability of policies and procedures. During the year no reportable material weakness in the design or operation were observed.

ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENTS:

The companies act, 2013 re-emphasizes the need for an effective internal financial control system in the company. Rule 8(5) (viii) of Companies (Accounts) Rules, 2014, requires the information regarding adequacy of internal financial controls with reference to the financial statements to be disclosed in the board report. The detailed report forms part of Independent Auditors Report.

INTERNAL AUDIT

Pursuant to Section 138 of the Act, the Board of Directors, upon recommendation of the Audit Committee, have appointed Mr. Hemal Kahar, as Internal Auditor of the Company for the financial year 2025-26. The Audit Committee periodically reviews and implements the recommendations of Internal Auditor.

APPOINTMENT AND REMUNERATION POLICY:

The Board has, on the recommendation of the Nomination & Remuneration Committee, framed a policy and defined the scope of the Committee which is in line with the provisions of the Companies Act, 2013. The policy is available on Companys website and weblink for the same is https://www.mohitindustries.com/downloads/codes-and-policies

VIGIL MECHANISM:

In accordance with the provisions of the Companies Act, 2013 and Regulation 22 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has adopted a Whistle Blower Policy to provide a formal mechanism to the directors and employees to report their concerns about unethical behaviour, actual or suspected fraud or violation of the Companys Code of Conduct or Ethics Policy. The Policy provides for adequate safe guards against victimization of employees who avail of the mechanism and also provides for direct access to the Chairman of the Audit Committee. The Whistle Blower Policy has been posted on the website of the Company www.mohitindustries.com and the weblink for the same is https://www.mohitindustries.com/upload/files/download/Whistle%20Blower%20Policy.pdf.

RISK MANAGEMENT:

Risk Management is a structured approach to manage uncertainty. An enterprise-wide approach to Risk Management is being adopted by the Company and key risks will now be managed within a unitary framework. As a formal roll-out, all business divisions and corporate functions will embrace Risk Management Structure, and make use of these in their decision making. Key business risks and their mitigation are considered in the annual/strategic business plans and in periodic management reviews. The risk management process over the period of time will become embedded into the Companys business system and processes, such that our responses to risk remain current and dynamic. Company has voluntarily adopted the Risk Management Policy and uploaded the same on Companys website at https://www.mohitindustries.com/downloads/codes-and-policies

RELATED PARTY TRANSACTIONS:

During the year under review, all related party transactions entered into by the company, were approved by the Audit Committee and were at arms length basis and in the ordinary course of business. Prior omnibus approval is obtained for related party transactions which are of repetitive nature and entered in the ordinary course of business on an arms length basis. The details of all Related Party Transactions were presented to the Audit Committee on a quarterly basis for its review. The particulars of contract or arrangements entered into by the Company with related parties in terms 188(1) of the Companies Act, 2013 are disclosed in Form No. AOC-2 as annexed "Annexure-III". Details of related party transactions entered into by the Company, in terms of IND AS-24 have been disclosed in the notes to the standalone / consolidated financial statements.

The Company had also obtained the prior approval of shareholders for the material RPTs entered into during the Financial Year 2025-26.

In line with the requirements of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, your Company has formulated a Policy on Material Related Party Transactions which is available on Companys website at https://www.mohitindustries.com/downloads/codes-and-policies

PARTICULARS OF LOANS, GUARANTEES AND INVESTMENT:

The particulars of loans, guarantees and investments covered under the provisions of Section 186 of the Act have been disclosed in the Financial Statement forming part of Annual Report.

DETAILS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING:

With reference to Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules 2014, the details of conservation of energy, technology absorption and foreign exchange earnings is annexed as "Annexure III" and forms part of this Report.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

As per Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, and applicable provisions of Companies Act, 2013, the Management Discussion and Analysis Report forms part of this Annual Report.

CORPORATE GOVERNANCE:

Your company has incorporated the appropriate standards for corporate governance. Your Company is committed to maintaining the highest standards of Corporate Governance practices. The Company is filing corporate governance report to stock exchanges quarterly. Report on Corporate Governance pursuant to Regulation 34(3) read with Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, forms part of this Annual Report. A certificate from the Practicing Company Secretary confirming compliance with the conditions of Corporate Governance is also annexed to this Annual Report.

PARTICULARS OF EMPLOYEES AND RELATED DISCLOSURES:

There was no employee drawing remuneration in excess of limits prescribed under section 197(12) of the Companies Act, 2013, read with Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. The Disclosure pertaining to remuneration as required under section 197(12) of the Companies Act, 2013 read with read with rule 5(1) of the Companies (Appointment and Remuneration of

Managerial Personnel) Amendment Rules, 2016 are asper " 32 Annexure IV".

STATUTORY AUDITORS:

The Members at the 32^nd Annual General Meeting of the Company held on 30.09.2022, had appointed M/s. Rajendra Sharma & Associates, Chartered Accountants (Firm Registration No. 108390W) as the Statutory Auditors of the Company to hold office for a term of Five consecutive years i.e., from the conclusion of the 32^nd Annual General Meeting until the conclusion of the 37^th Annual General Meeting.

SECRETERIAL AUDITOR:

The Members of the Company, at the 35th Annual General Meeting held on 29th September, 2025, approved the appointment of M/s. Dhirren R. Dave & Co., Company Secretaries (Peer Review Number 2144/2022), as the Secretarial Auditor of the Company for term of 5 (five) consecutive financial years, commencing from 1st April, 2025 till 31st March, 2030.

The Secretarial Audit Report for the financial year ended 31st March, 2026, pursuant to Section 204 of the Companies Act, 2013 and Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is annexed herewith as "Annexure V". Report of secretarial auditor is self-explanatory and need not any further clarification.

The Annual Secretarial Compliance Report issued by the Secretarial Auditor in terms of Regulation 24A of SEBI Listing

Regulations, was submitted to the stock exchanges within the statutory timelines and is available on the Companys website at www. mohitindustries.com

COST AUDITOR:

The Cost accounts and records as required to be maintained under Section 148 (1) of Act are duly made and maintained by the Company. M/s. Nainesh Kantliwala & Associates, Cost Accountants, Surat, were appointed as the Cost Auditors of the Company for the Financial Year 2025-26. Upon completion of the audit, the Cost Audit Report will be submitted to the Company and filed with the Central Government in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder.

As required under the Companies Act, 2013, the remuneration of Cost Auditors as approved by the Board of Directors is subject to ratification by the shareholders at the ensuing Annual General Meeting and with respect to the same, resolution seeking members approval forms part of the Notice convening the 36^th Annual General Meeting.

EXPLANATIONS / COMMENTS BY THE BOARD ON QUALIFICATIONS, RESERVATION OR ADVERSE REMARKS OR DISCLAIMER MADE BY THE AUDITOR / COMPANY SECRETARY IN PRACTICE IN THEIR REPORT:

Explanations by the Board of Directors on qualifications/ reservations or adverse remarks in the Companies (Auditors Report) Order, 2020 are as follows:

(i) Post-Employment benefit and other long-term employee benefit:

The Company has not provided for post-employment benefits and other long-term employee benefits on an accrual basis as required under Ind AS 19. Such benefits are accounted for on payment basis. Considering the size of the Company and the negligible liability, the same is not expected to have a material impact on the financial position. In the absence of actuarial valuation, the financial impact cannot be ascertained.

(ii) Clause ii(b): The differences are due to stock statements being submitted to banks before finalization of quarterly accounts for limited review/audit. Accordingly, debtors, creditors and stock are reported to banks on a provisional basis without complete updating of books of account. Sometimes, creditors bills remain pending for recording on the stock statement dates as invoices are not received in time. Further, stock reported in bank statements is inclusive of GST, whereas the books reflect stock net of GST. Since there was unutilized opening GST credit in excess of purchase liability, the stock submitted to the bank was reported at gross value (inclusive of GST).

(iii) Clause (ix)(d): The utilization of short-term funds for long-term purposes amounting to 378.46 lakhs was necessitated to meet business requirements and temporary funding gaps, pending tie-up/disbursement of long-term facilities. The Company is in the process of arranging long-term sources of funds to ensure appropriate

(iv) Clause (xvii): The Company has not incurred any cash loss during the financial year. However, the cash loss of

207.19 lakhs during immediately preceding financial year were primarily on account of industry slowdown, higher input costs, and other business-related factors.

Further, The Statutory Auditors Report does not contain any qualifications, reservations, adverse remarks or disclaimers.

INDUSTRIAL RELATIONS:

The Company maintained healthy, cordial and harmonious industrial relations at all levels.

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

The company is in compliance of provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 ("POSH Act") and Rules framed thereunder, the Company has formulated and implemented a policy on prevention, prohibition and redressal of complaints related to sexual harassment of women at the workplace.

The Company is committed to providing a safe and conducive work environment to all its employees and associates. All women employees whether permanent, temporary or contractual are covered under the above policy. The said policy has been uploaded on the internal portal of the Company for information of all employees. An Internal Complaints Committee (ICC) has been set up in compliance with the POSH Act. During the year, the Company did not receive any complaints pertaining to sexual harassment, and accordingly, no complaints were required to be disposed of. There were no complaints pending for more than 90 days during the year.

DISCLOSURE UNDER MATERNITY BENEFIT ACT, 1961:

The Company has complied with the provisions of Maternity Benefit Act, 1961 during the year under review. The Company remains committed to fostering a supportive and inclusive workplace in accordance with the statutory requirements and best practices.

HUMAN RESOURCES AND INDUSTRIAL RELATIONS

The Company values the commitment, competence and dedication of its employees across all areas of operations. Recognising its people as its key assets, the Company continues to focus on talent management, succession planning, performance management, learning and development, and training initiatives to nurture capable and effective leadership.

ENVIRONMENT, HEALTH AND SAFETY

The Company is committed to upholding standards in health, safety, security, human rights, environmental protection, product quality, and processes across all business operations, services, and expansion activities.

MATERIAL CHANGES AND COMMITMENTS, AFFECTING THE FINANCIAL POSITION OF THE COMPANY WHICH HAS OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR & THE DATE OF REPORT

In terms of Section 134(3)(i) of the Companies Act, 2013, it is reported that, except as disclosed elsewhere in this report, no material changes and commitments which could affect the Companys financial position have occurred between the end of the financial year of the Company and date of this report.

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS

IMPACTING THE GOING CONCERN STATUS AND COMPANYS OPERATIONS IN FUTURE:

During the year under review, there are no material orders passed by Regulators, Courts or Tribunals impacting the going concern status and companys operations in future.

ADOPTION OF POLICIES AS PER THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015:

The Board framed policies on Preservation of Documents and Determining Materiality for Disclosure to Stock

Exchanges which are available at the Companys website and weblink for the same is https://www.mohitindustries.com/downloads/codes-and-policies

REPORTING OF FRAUD:

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 Act and Rules framed thereunder.

REVISION OF FINANCIAL STATEMENTS AND BOARDS REPORT:

During the year under review, there was no revision of financial statements and Boards Report of the Company.

CYBER SECURITY

In its endeavour to maintain a robust cyber security posture, your Company has remained abreast of emerging cyber security developments, so as to achieve enhanced compliance and operational continuity.

COMPLIANCE WITH SECRETARIAL STANDARDS ISSUED BY THE INSTITUTE OF COMPANY SECRETARIES OF INDIA (ICSI):

During FY 2025-26, the Company has complied with the applicable provisions of the Secretarial Standards (SS-1 and SS-2) relating to Meetings of the Board of Directors and General Meetings issued by the Institute of Company

Secretaries of India and notified by Ministry of Corporate Affairs in terms of the provisions of Section 118 of the Act.

THE DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 (31 OF 2016) DURING THE FINANCIAL YEAR:

During the year under review, the Company has not made any application under Insolvency and Bankruptcy Code, 2016 and no proceedings under the said Code were pending against the Company.

THE 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 DURING THE FINANCIAL YEAR:

It is Not Applicable to the Company, during the financial year.

GREEN INITIATIVES:

In compliance with necessary MCA Circulars and SEBI Circulars and in commitment to keep in line with the Green Initiative, notice of 36^th Annual General Meeting along with the Annual Report 2025-26 of the Company are sent to all Members whose email addresses are registered with the Company/Depository Participant(s). Members may note that the Notice and Annual Report 2025-26, will also be available on the websites of the Stock Exchanges i.e. BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com respectively.

CAUTIONARY STATEMENT:

Statements in this report and its annexures describing companys projections, estimates and predictions may be forward looking. Actual results could differ materially from those expressed or implied.

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ACKNOWLEDGEMENT:

The Directors express their sincere gratitude to the bankers, financial institutions, government and regulatory authorities, customers, suppliers, business partners, shareholders and all other stakeholders for their continued support and cooperation. The Directors also appreciate the dedication and valuable contribution of all employees towards the Companys growth and success.