Multipurpose Trading & Agencies Ltd Directors Report

For the financial year ended 31st March 2026

To,
The Members of Multipurpose Trading and Agencies Limited

Your Directors are pleased to present the 48th Boards Report together with the Audited Standalone Financial Statements of the Company for the financial year ended 31st March 2026.

1. FINANCIAL HIGHLIGHTS

The financial performance of the Company for the financial year ended 31st March 2026, as compared with the previous financial year, is summarised below:

(Rs in Lakhs, unless otherwise specified)

Particulars	Financial Year 2025-26	Financial Year 2024-25
Revenue from Sales & Other Income	37,38,995.70	36,08,907.00
Total Expenses	16,71,494.08	17,06,016.00
Profit Before Finance Costs, Depreciation and Tax	20,67,501.62	19,02,891.00
Finance Costs	66,18,946.00	96,963.00
Depreciation and Amortisation Expense	1,674.00	0.00
Profit Before Tax	(45,53,118.38)	18,05,928.00
Tax Expense (current + deferred)	1,24,985.00	98,017.00
Profit After Tax	(46,78,103.38)	17,07,941.00
Earnings Per Share (Basic & Diluted)	(0.95)	0.35

During the financial year under review, the Company recorded revenue of Rs. 37,38,995.70 as against Rs. 36,08,907.00 in the previous year. Profit after tax stood at (46,78,103.38) compared to Rs. 17,07,941.00 in the preceding financial year.

The Standalone Financial Statements have been prepared in accordance with the provisions of the Companies Act, 2013 ("the Act"), the Indian Accounting Standards ("Ind AS") notified under Section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time, and other generally accepted accounting principles in India.

2. STATE OF THE COMPANYS AFFAIRS

During the financial year under review, the Company continued to carry on its principal business activities focused on trading, strategic investments, and real estate activities.

During the year, the Company did not generate any significant revenue from operations and its income primarily comprised Other Income. The Board continued to monitor the Companys financial position and business opportunities with a view to strengthening its operations and ensuring long-term sustainability.

The Board remains committed to prudent financial management, effective governance and safeguarding the interests of all stakeholders.

3. CHANGE IN THE NATURE OF BUSINESS

There was no change in the nature of the business of the Company during the financial year under review.

4. DIVIDEND

Your Directors have not recommended any dividend on the equity shares of the Company for the financial year ended 31st March 2026.

5. TRANSFER TO RESERVES

The Board of Directors has not proposed to transfer any amount to the General Reserve for the financial year ended 31st March 2026.

6. SHARE CAPITAL

During the financial year under review, there was no change in the authorised, issued, subscribed or paid-up equity share capital of the Company.

The Company did not issue or allot any equity shares during the financial year under review. Further, the Company did not issue any equity shares with differential voting rights, sweat equity shares or shares under any employee stock option scheme. The Company also did not issue any bonus shares, convertible securities or warrants, nor did it undertake any buy-back of its securities during the financial year.

7. ANNUAL RETURN

Pursuant to the provisions of Section 92(3) read with Section 134(3)(a) of the Companies Act, 2013, the Annual Return of the Company is available on the Companys website at https://www.multipurposetrading.in/investor-desk-annual-report.php

8. MATERIAL CHANGES AND COMMITMENTS

No material changes or commitments affecting the financial position of the Company have occurred between the end of the financial year to which the Financial Statements relate and the date of this Report.

9. SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES

The Company does not have any subsidiary, associate or joint venture within the meaning of the Companies Act, 2013. Accordingly, the requirement to provide a statement containing the salient features of the financial statements of subsidiaries, associates and joint ventures in Form AOC-1 is not applicable to the Company.

10. DIRECTORS AND KEY MANAGERIAL PERSONNEL

The composition of the Board of Directors is in compliance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to the extent applicable.

As on 31st March, 2026, the Board comprised Five Directors, consisting of Two Executive Director(s), One Non-Executive Director(s) and two Independent Directors.

During the financial year under review, there were no changes in the composition of the Board of Directors and the Key Managerial Personnel:

The following were the Key Managerial Personnel of the Company as on 31st March, 2026:

Designation	Name
Managing Director / Whole-time Director	Ashish Singh
Chief Financial Officer	Rajesh Kumar Choudhary
Company Secretary & Compliance Officer	Jitendra Chaurasia

The Company has received the necessary declarations from all the Independent Directors confirming that they meet the criteria of independence prescribed under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to the extent applicable. The Independent Directors have also confirmed compliance with the provisions relating to inclusion of their names in the Independent Directors Databank maintained by the Indian Institute of Corporate Affairs and fulfilment of the requirements relating to the online proficiency self-assessment test, wherever applicable.

In the opinion of the Board, all the Independent Directors possess the requisite integrity, expertise, experience and proficiency and fulfil the conditions specified under the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to the extent applicable, for appointment as Independent Directors of the Company.

In accordance with the provisions of Section 152 of the Companies Act, 2013 and the Articles of Association of the Company, Mr. Ashish Singh (DIN: 00066423), Director, retires by rotation at the ensuing Annual General Meeting and, being eligible, offers himself for re-appointment. The Board recommends his re-appointment for approval of the Members at the ensuing Annual General Meeting.

11. BOARD MEETINGS

During the financial year ended 31st March, 2026, five (5) meetings of the Board of Directors were held on 30.05.2025, 14.08.2025, 03.09.2025, 14.11.2025 and 14.02.2026. The gap between any two consecutive meetings did not exceed the maximum interval prescribed under the Companies Act, 2013 and Secretarial Standard on Meetings of the Board of Directors (SS-1) issued by the Institute of Company Secretaries of India.

The attendance of the Directors at the meetings of the Board is given below:

Name of Director	Meeting Held	Meeting Attended
Ashish Singh	5	4
Kalpana Singh	5	5
Bhupendra	5	5
Mukesh Aggarwal	5	1

12. ANNUAL PERFORMANCE EVALUATION

Pursuant to the provisions of Section 134(3)(p) of the Companies Act, 2013, read with Rule 8(4) of the Companies (Accounts) Rules, 2014, Section 178 of the Companies Act, 2013 and Regulation 17(10) read with Part D of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors has carried out an annual evaluation of its own performance, the performance of its Committees and that of the individual Directors. The evaluation was carried out based on various parameters, including the composition and structure of the Board and its Committees, the experience, expertise and competencies of the Directors, their participation and contribution at the meetings of the Board and its Committees, the quality of deliberations, effectiveness of decision-making, governance practices and overall contribution towards achieving the objectives of the Company.

The Independent Directors, at their separate meeting held in accordance with Schedule IV to the Companies Act, 2013 and Regulation 25(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, evaluated the performance of the Non-Independent Directors, the Chairperson of the Company and the Board as a whole. The Board was satisfied with the outcome of the annual performance evaluation.

13. FAMILIARISATION PROGRAMME FOR INDEPENDENT DIRECTORS

The Company has adopted a Familiarisation Programme for its Independent Directors in accordance with the requirements of Regulation 25(7) read with Part C of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Schedule IV to the Companies Act, 2013. The programme is designed to familiarise the Independent Directors with the Company, its business model, operations, industry overview, regulatory environment, internal control framework, risk management systems and their roles, rights, duties and responsibilities as Independent Directors.

The Familiarisation Programme also includes periodic updates on amendments to the applicable corporate and securities laws, regulatory developments and emerging governance practices to enable the Independent Directors to effectively discharge their duties and responsibilities.

14. AUDIT COMMITTEE

The Audit Committee of the Board is duly constituted in accordance with the provisions of Section 177 of the Companies Act, 2013 read with Regulation 18 and Part C of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The composition of the Audit Committee as on 31st March, 2026 was as under:

Name	Designation	Category
Mr. Bhupendra	Chairman	Independent Director
Mr. Ashish Singh	Member	Director
Mr. Mukesh Agarwal	Member	Independent Director

During the financial year, four meeting(s) of the Audit Committee were held on 30.05.2025, 14.08.2025, 14.11.2025, 14.02.2026. The terms of reference of the Audit Committee are in conformity with the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and include, inter alia, oversight of the Companys financial reporting process, recommendation of appointment and remuneration of auditors, review of financial statements, internal financial controls, internal audit, risk management, related party transactions and such other functions as are prescribed under the applicable laws. During the financial year under review, all the recommendations made by the Audit Committee were accepted by the Board, and there were no instances where any recommendation of the Audit Committee was not accepted by the Board.

15. NOMINATION AND REMUNERATION COMMITTEE AND NOMINATION AND REMUNERATION POLICY

Pursuant to the provisions of Section 178 of the Companies Act, 2013 read with Regulation 19 and Part D of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has constituted the Nomination and Remuneration Committee ("NRC") of the Board.

As on 31st March, 2026, the composition of the Nomination and Remuneration Committee was as follows:

Name	Designation	Category
Ms. Shivani Singh	Chairperson	Non-Executive Director
Mr. Bhupendra	Member	Independent Director
Mr. Mukesh Agarwal	Member	Independent Director

During the financial year under review, One meeting(s) of the Nomination and Remuneration Committee were held on 30.05.2025.

Pursuant to the provisions of Section 178(3) of the Companies Act, 2013 and Regulation 19 read with Part D of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors has, on the recommendation of the Nomination and Remuneration Committee, adopted a Nomination and Remuneration Policy laying down the criteria for appointment, re-appointment, qualifications, positive attributes and independence of Directors, and the policy relating to the remuneration of Directors, Key Managerial Personnel and Senior Management.

The Policy also provides the framework for succession planning, evaluation of the performance of the Board, its Committees, individual Directors, Key Managerial Personnel and Senior Management Personnel, and the remuneration framework, with the objective of ensuring that the level and composition of remuneration is reasonable and sufficient to attract, retain and motivate competent professionals required to manage the affairs of the Company effectively.

In terms of Regulation 46(2)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Nomination and Remuneration Policy is available on the website of the Company at www.multipurposetrading.in

16. STAKEHOLDERS RELATIONSHIP COMMITTEE

Pursuant to the provisions of Section 178 of the Companies Act, 2013 read with Rule 6 of the Companies (Meetings of Board and its Powers) Rules, 2014 and Regulation 20 read with Part D of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has constituted a Stakeholders Relationship Committee to consider and resolve the grievances of security holders of the Company and to oversee matters relating to investor services.

As on 31st March, 2026, the composition of the Stakeholders Relationship Committee was as follows:

Name	Designation	Category
Ms. Shivani Singh	Chairperson	Non-Executive Director
Mr. Bhupendra	Member	Independent Director
Ms. Kalpana Singh	Member	Director

During the financial year, a meeting(s) of the Stakeholders Relationship Committee were held on 30.05.2025.

The Committee oversees matters relating to transfer and transmission of securities, issue of duplicate share certificates, dematerialisation, rematerialisation, consolidation and split of share certificates, nomination, and redressal of investor grievances in accordance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

During the financial year under review, no investor complaints were received by the Company. Accordingly, no investor complaints were pending as on 31st March 2026.

17. RISK MANAGEMENT

The Board recognises that effective risk management is an integral part of good corporate governance and business planning. The Company has established an appropriate framework for identifying, assessing, monitoring and mitigating strategic, operational, financial, legal, regulatory and business risks that may adversely affect the Companys operations and objectives.

The Board periodically reviews the key risks affecting the business, evaluates the effectiveness of the risk management framework and monitors the adequacy of the mitigation measures implemented by the management.

Pursuant to Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the provisions relating to the constitution of a Risk Management Committee under Regulation 21 of the said Regulations are not applicable to the Company. Accordingly, the Board of Directors continues to oversee and monitor the Companys risk management framework.

18. VIGIL MECHANISM / WHISTLE BLOWER POLICY

Pursuant to the provisions of Section 177 of the Companies Act, 2013 read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014 and Regulation 22 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has established a Vigil Mechanism / Whistle Blower Policy to enable Directors and employees to report genuine concerns relating to unethical behaviour, actual or suspected fraud, actual or suspected violation of the Companys Code of Conduct or other improper practices. The Vigil Mechanism provides adequate safeguards against victimisation of whistle blowers and enables direct access to the Chairperson of the Audit Committee in appropriate or exceptional cases. During the financial year under review, no person was denied access to the Chairperson of the Audit Committee. In terms of Regulation 46(2)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Vigil Mechanism / Whistle Blower Policy is available on the website of the Company at multipurpose.

19. DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to the provisions of Section 134(5) of the Companies Act, 2013, your Directors hereby state and confirm that:

(a) in the preparation of the annual accounts for the financial year ended 31st March, 2026, the applicable Indian Accounting Standards (Ind AS) have been followed and there are no material departures. Where any material departure has occurred, the same has been appropriately explained in the financial statements;

(b) they 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 as at 31st March, 2026 and of the profit and other comprehensive income, cash flows and changes in equity of the Company for the financial year ended on that date;

(c) they have 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 and for preventing and detecting fraud and other irregularities;

(d) they have prepared the annual accounts on a going concern basis;

(e) they have laid down adequate internal financial controls to be followed by the Company and such internal financial controls were adequate and operating effectively; and

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

20. PARTICULARS OF EMPLOYEES AND REMUNERATION

Pursuant to the provisions of Section 197(12) of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the prescribed particulars relating to remuneration are provided below:

a) The ratio of the remuneration of each Director to the median remuneration of the employees of the Company: Not Applicable, as no remuneration was paid to any Director during the financial year.

b) There was no increase in the remuneration of any Director during the financial year. There was no material increase in the remuneration of the Key Managerial Personnel during the financial year.

c) There was no material increase in the median remuneration of employees during the financial year.

d) There was no permanent employees of the Company as on 31st March, 2026 except Company Secretary.

e) There was no material increase in the salaries of employees or managerial personnel during the financial year. Accordingly, no exceptional circumstances requiring disclosure under Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 existed.

f) It is affirmed that the remuneration paid to the Directors, Key Managerial Personnel and employees is in accordance with the Nomination and Remuneration Policy of the Company.

None of the employees of the Company was in receipt of remuneration in excess of the limits prescribed under Rule 5(2) and Rule 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Accordingly, the disclosures required under the said Rules are not applicable.

21. PARTICULARS OF LOANS, GUARANTEES, SECURITIES AND INVESTMENTS

Pursuant to the provisions of Section 186 of the Companies Act, 2013, the particulars of loans granted, guarantees provided, securities given and investments made by the Company, wherever applicable, are disclosed in the Notes forming part of the Financial Statements for the financial year ended 31st March 2026.

22. RELATED PARTY TRANSACTIONS

Pursuant to the provisions of Section 188 of the Companies Act, 2013 read with Rule 15 of the Companies (Meetings of Board and its Powers) Rules, 2014 and Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, all related party transactions entered into by the Company during the financial year were in the ordinary course of business and on an arms length basis and were in compliance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

During the financial year under review, the Company did not enter into any material related party transaction that could have a potential conflict with the interests of the Company.

The particulars of the related party transactions and outstanding balances, as required under the applicable accounting standards, are disclosed in the Notes forming part of the Financial Statements.

Accordingly, the disclosure of particulars of contracts or arrangements with related parties in Form AOC-2 pursuant to Section 134(3)(h) read with Section 188(1) of the Companies Act, 2013 and Rule 8(2) of the Companies (Accounts) Rules, 2014 is not applicable.

The Company has adopted a Policy on Related Party Transactions in accordance with the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In terms of Regulation 46(2)(g) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Policy is available on the website of the Company at Multipurpose trading.in

23. INTERNAL FINANCIAL CONTROLS AND INTERNAL CONTROL SYSTEMS

Pursuant to the provisions of Section 134(3)(q) read with Rule 8(5)(viii) of the Companies (Accounts) Rules, 2014 and Section 134(5)(e) of the Companies Act, 2013, the Company has in place adequate internal financial controls and internal control systems commensurate with the nature, size and scale of its operations.

The internal financial controls are designed to ensure the orderly and efficient conduct of the Companys business, safeguard its assets, ensure the accuracy and completeness of accounting records, prevent and detect frauds and errors, and facilitate the timely preparation of reliable financial information.

The Board has reviewed the adequacy and effectiveness of the internal financial controls and is satisfied that such controls were adequate and operating effectively throughout the financial year under review.

24. DEPOSITS

Pursuant to the provisions of Sections 73 to 76 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, 2014, the Company has neither accepted nor renewed any deposits from the public during the financial year under review. Accordingly, there were no deposits outstanding as at 31st March 2026, and no amount of principal or interest was outstanding thereon.

25. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

Pursuant to the provisions of Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014, the particulars relating to conservation of energy, technology absorption and foreign exchange earnings and outgo are as follows:

a) Conservation of Energy

The operations of the Company are not energy intensive. The Company continues to take appropriate measures for the optimum utilisation and conservation of energy in its day-to-day operations. No specific capital investment was made towards energy conservation during the financial year under review.

b) Technology Absorption

Considering the nature of the Companys business, there was no technology absorption, research and development activity, or expenditure incurred on technology absorption during the financial year.

c) Foreign Exchange Earnings and Outgo

Particulars	Amount
Foreign Exchange Earnings	Nil
Foreign Exchange Outgo	Nil

26. CORPORATE SOCIAL RESPONSIBILITY (CSR)

Pursuant to the provisions of Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014, the provisions relating to Corporate Social Responsibility ("CSR") were not applicable to the Company during the financial year under review, as the Company did not meet any of the thresholds prescribed under Section 135(1) of the Companies Act, 2013.

Accordingly, the Company was not required to constitute a Corporate Social Responsibility Committee, formulate a Corporate Social Responsibility Policy or undertake Corporate Social Responsibility activities during the financial year under review.

27. STATUTORY AUDITORS

Pursuant to the provisions of Section 139 of the Companies Act, 2013 read with the Companies (Audit and Auditors) Rules, 2014, M/s KARMV AND COMPANY, Chartered Accountants FRN: 023022N, were appointed as the Statutory Auditors of the Company at the Annual General Meeting held in the year 2024 to hold office until the conclusion of the Annual General Meeting to be held in the year 2026.

The Board of Directors, on the recommendation of the Audit Committee, has recommended the re-appointment of M/s KARMV AND COMPANY, Chartered Accountants FRN: 023022N, as the Statutory Auditors of the Company for a further term of Two years 2026-27 & 2027-28, subject to the approval of the Members at the ensuing Annual General Meeting and such other approvals, if any, as may be required under the applicable provisions of the Companies Act, 2013 and the rules made thereunder.

The Independent Auditors Report on the Standalone Financial Statements of the Company for the financial year ended 31st March 2026 forms part of the Annual Report.

The Independent Auditors have reported a Key Audit Matter (KAM) relating to the amount disclosed under "Other Non-Current Assets", representing an advance given to M/s. One City Promoters Private Limited, a company under the same management, towards a proposed real estate project. The Board has taken note of the observations of the Statutory Auditors. The relevant disclosures have been appropriately made in the Financial Statements together with the accompanying notes. Based on the information presently available, the Board is of the opinion that no adjustment is required in the Financial Statements in respect of the said matter. The Auditors Report does not contain any qualification, reservation, adverse remark or disclaimer. The Notes forming part of the Financial Statements referred to in the Auditors Report are self-explanatory and, therefore, do not call for any further comments under Section 134(3)(f) of the Companies Act, 2013.

28. SECRETARIAL AUDIT

Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board had appointed M/s. Deepak Somaiya & Co., Practising Company Secretaries, to conduct the Secretarial Audit of the Company upto the financial year ended 31st March, 2026. The Secretarial Audit Report in Form MR-3 forms part of this Annual Report and is annexed hereto as Annexure.

The Secretarial Audit Report does not contain any qualification, reservation, adverse remark or disclaimer.

The Board has re-appointed M/s. Deepak Somaiya & Co., Practising Company Secretaries, as the Secretarial Auditor of the Company to conduct the Secretarial Audit for the financial year 2026-27 and 2027-28 in accordance with the provisions of Section 204 of the Companies Act, 2013 and the rules made thereunder.

29. INTERNAL AUDIT

Pursuant to the provisions of Section 138 of the Companies Act, 2013 read with Rule 13 of the Companies (Accounts) Rules, 2014, M/s. Deepak Somaiya & Co., Practising Company Secretaries, Internal Auditors of the Company, conducted the Internal Audit for the financial year under review.

The Internal Auditors periodically reviewed the adequacy and effectiveness of the Companys internal control systems and internal financial controls and submitted their reports to the Audit Committee.

The Audit Committee reviewed the Internal Audit Reports, discussed the significant findings with the Internal Auditors and the Management, and monitored the implementation of the recommendations made therein.

The term of M/s. Deepak Somaiya & Co., Practising Company Secretaries as the Internal Auditors in the year, 2024 for a period of two financial years (FY 2024-25 to FY 2025-26), expired at the conclusion of the financial year under review. Based on the recommendation of the Audit Committee, the Board of Directors has re-appointed M/s. Deepak Somaiya & Co., Practising Company Secretaries as the Internal Auditors of the Company for the two consecutive financial year 2026-27 & 2027-28 in accordance with the provisions of Section 138 of the Companies Act, 2013 read with Rule 13 of the Companies (Accounts) Rules, 2014.

30. COST RECORDS AND COST AUDIT

Pursuant to the provisions of Section 148(1) of the Companies Act, 2013 read with the Companies (Cost Records and Audit) Rules, 2014, the maintenance of cost records is not applicable to the Company considering the nature of its business activities. Accordingly, the provisions relating to the appointment of Cost Auditors under Section 148 of the Companies Act, 2013 read with the Companies (Cost Records and Audit) Rules, 2014 are also not applicable to the Company.

31. REPORTING OF FRAUDS

Pursuant to the provisions of Section 143(12) of the Companies Act, 2013, during the financial year under review, neither the Statutory Auditors nor the Secretarial Auditor has reported any instance of fraud under the said provisions. Accordingly, no details are required to be disclosed under Section 134(3)(ca) of the Companies Act, 2013.

32. COMPLIANCE WITH SECRETARIAL STANDARDS

The Company has complied with the applicable Secretarial Standards, namely Secretarial Standard on Meetings of the Board of Directors (SS-1) and Secretarial Standard on General Meetings (SS-2), issued by the Institute of Company Secretaries of India (ICSI) and approved by the Central Government under Section 118(10) of the Companies Act, 2013.

33. CORPORATE GOVERNANCE

The Company is committed to maintaining high standards of corporate governance and believes that sound governance practices are essential for sustainable business growth and enhancement of stakeholder value.

Pursuant to Regulation 15(2)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the provisions of Regulations 17 to 27 and Regulations 46(2)(b) to (i) and (t) thereof are not applicable to the Company, as its paid-up equity share capital does not exceed Rs10 crore and its net worth does not exceed Rs25 crore as on the last day of the previous financial year.

Accordingly, the Corporate Governance Report, the Certificate on Corporate Governance issued by the Practising Company Secretary/Statutory Auditor, as applicable, and the CEO/CFO Compliance Certificate under Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 do not form part of this Annual Report.

Notwithstanding the above exemption, the Company continues to follow sound corporate governance practices and remains committed to the principles of transparency, accountability, fairness and ethical business conduct in all aspects of its operations.

34. MANAGEMENT DISCUSSION AND ANALYSIS

Pursuant to Regulation 34(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule V thereto, the Management Discussion and Analysis forming part of the Annual Report is set out below:

Industry Structure and Developments:

The Company continues to operate in the prevailing business and economic environment. During the year under review, the Company did not have significant operational business activity and, accordingly, there were no material developments in its operating business.

Opportunities and Threats:

The Company continues to evaluate opportunities for improving and strengthening its business operations. The Company remains exposed to general economic, regulatory, financial and market-related risks, which are monitored by the management and the Board from time to time.

Segment-wise/Product-wise Performance:

The Company does not have significant operating business or reportable business segments during the year under review. Accordingly, segment-wise or product-wise operational performance is not material.

Outlook:

The Company continues to assess suitable opportunities for improving its financial and operational position. The future outlook of the Company will depend upon the business opportunities available and the prevailing economic and regulatory environment.

Risks and Concerns:

The Companys activities and financial position may be affected by general economic conditions, changes in applicable laws and regulations, financial market conditions and other business risks. The management and the Board continue to monitor such risks and take appropriate measures as considered necessary.

Internal Control Systems and their Adequacy:

The Company has adequate internal control systems commensurate with the nature and scale of its operations. The internal control framework is reviewed periodically by the management and the Board.

The above discussion should be read in conjunction with the financial statements and notes forming part of the Annual Report.

Pursuant to Regulation 15(2)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule V thereof, the requirement to include a separate Management Discussion and Analysis Report as part of the Annual Report is not applicable to the Company.

However, the Directors have, under the relevant sections of this Boards Report, presented a fair overview of the Companys business performance, financial position, significant developments, opportunities, risks and future outlook.

35. BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT (BRSR)

Pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the applicable SEBI Circulars, the requirement to include a Business Responsibility and Sustainability Report (BRSR) as part of the Annual Report is not applicable to the Company.

36. CODE OF CONDUCT FOR PREVENTION OF INSIDER TRADING

Pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, the Company has adopted:

• a Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and their Immediate Relatives; and
• a Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI).

The Company has established adequate internal controls and procedures to preserve the confidentiality of Unpublished Price Sensitive Information (UPSI) and to ensure compliance with the requirements of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The aforesaid Codes are reviewed by the Board from time to time to ensure continued compliance with the applicable statutory requirements and are available on the website of the Company.

37. MAINTENANCE OF STRUCTURED DIGITAL DATABASE

Pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, the Company has maintained a Structured Digital Database containing the particulars of persons or entities with whom Unpublished Price Sensitive Information (UPSI) is shared. The Structured Digital Database is maintained with adequate internal controls and audit trails to ensure non-tampering of records and preservation of information in accordance with the requirements of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

38. PREVENTION OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE

The Company is committed to providing a safe, secure and respectful workplace free from discrimination and sexual harassment. The Company has adopted a Policy on Prevention, Prohibition and Redressal of Sexual Harassment at Workplace in accordance with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Rules made thereunder.

During the financial year under review, the status of complaints under the said Act is as follows:

Particulars	Number
Complaints pending at the beginning of the year	Nil
Complaints received during the year	Nil
Complaints disposed of during the year	Nil
Complaints pending at the end of the year	Nil

The Company affirms that no complaint relating to sexual harassment was received during the financial year under review.

39. INVESTOR EDUCATION AND PROTECTION FUND (IEPF)

The Company has not declared any dividend since its incorporation. Accordingly, there were no unpaid or unclaimed dividend amounts, shares or any other amounts required to be transferred to the Investor Education and Protection Fund (IEPF) pursuant to the provisions of Sections 124 and 125 of the Companies Act, 2013 read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.

40. LISTING OF EQUITY SHARES

The equity shares of the Company continue to remain listed on BSE Limited. During the financial year under review, the Company has complied with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Securities Contracts (Regulation) Act, 1956, the Securities Contracts (Regulation) Rules, 1957 and the applicable circulars issued by the Securities and Exchange Board of India (SEBI) and BSE Limited. The Annual Listing Fees payable to BSE Limited for the financial years 2025-26 and 2026-27 have been duly paid.

41. DEMATERIALISATION OF SHARES

The equity shares of the Company are admitted with the depositories, namely National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) and are available for trading in dematerialised form.

As on 31st March, 2026, 99.13% of the equity share capital of the Company was held in dematerialised form and 0.87% was held in physical form.

During the financial year under review, the Company complied with the applicable provisions of the SEBI (Depositories and Participants) Regulations, 2018, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the applicable circulars issued thereunder relating to dematerialisation of securities and reconciliation of share capital.

42. REGISTRAR AND SHARE TRANSFER AGENT

The Company has appointed M/s Skyline Financial Services Private Limited as its Registrar and Share Transfer Agent ("RTA") for providing registry and share transfer services in respect of both physical and dematerialised securities.

The RTA processes requests relating to transfer, transmission, transposition, issue of duplicate share certificates, dematerialisation, rematerialisation, consolidation, sub-division/split of share certificates, consolidation of folios and other investor service requests in accordance with the applicable provisions of the Companies Act, 2013, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the SEBI (Depositories and Participants) Regulations, 2018 and the circulars issued by the Securities and Exchange Board of India (SEBI) from time to time.

43. OTHER STATUTORY DISCLOSURES

Your Directors further state that during the financial year under review:

(a) no application was made against the Company, nor was any proceeding pending under the provisions of the Insolvency and Bankruptcy Code, 2016;

(b) the Company did not enter into any one-time settlement with any Bank or Financial Institution. Accordingly, the disclosure under Rule 8(5)(xii) of the Companies (Accounts) Rules, 2014 relating to the difference between the amount of valuation done while availing a loan and the valuation done at the time of one-time settlement is not applicable;

(c) there was no revision of the Financial Statements or the Boards Report under Section 131 of the Companies Act, 2013;

(d) no significant or material orders were passed by any Regulator, Court or Tribunal which would impact the going concern status of the Company or its future operations;

(e) the Company has devised proper systems to ensure compliance with the provisions of all applicable laws, and such systems were adequate and operating effectively during the financial year under review; and

(f) except as disclosed elsewhere in this Report, there are no other material events or information requiring disclosure under the applicable provisions of the Companies Act, 2013, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 or any other applicable law.

44. ACKNOWLEDGEMENT

Your Directors wish to place on record their sincere appreciation for the continued trust, confidence and support extended by the Members, customers, bankers, financial institutions, business associates, vendors, statutory and regulatory authorities, stock exchange, depositories, Registrar and Share Transfer Agent and all other stakeholders.

The Board also places on record its appreciation for the commitment, dedication and valuable contributions of the Companys employees, Key Managerial Personnel and all those associated with the Company during the financial year under review.

Your Directors look forward to the continued support and cooperation of all stakeholders in achieving the Companys objectives and creating sustainable value in the years ahead.

For and on behalf of the Board of Directors

For Multipurpose Trading and Agencies Limited

S/d

Ashish Singh

Managing Director

DIN: 00066423

Place: Delhi Date: 30/05/2026