National Plastic Technologies Ltd Directors Report

To the Members

Your Directors are pleased to present their 36th Annual Report on the business and operations of the Company for the financial year 2024-25. This report is being presented along with the Audited Financial Statements forthe year ended 31.03.2025.

Financial Results

(Rs. in Lakhs)

Particulars	Year Ended 31.03.2025	Year Ended 31.03.2024
Revenue (inc. Other income)	31080.49	26930.70
EBITDA	2545.40	2299.55
(-) Finance Cost (I)	587.85	532.86
(-) Depreciation (D)	704.80	596.76
Profit Before Tax (PBT)	1252.75	1169.93
(-) Taxation	350.03	328.28
Net Profit/(Loss)	902.72	841.65

Performance Overview

During the year, your Company registered Total Income of Rs.31080.49 lakhs as against Rs.26930.70 Lakhs during the previous year, thus registering a growth of over 15%. The EBITDA for the year stands at Rs.2545.40 Lakhs as compared to Rs. 2299.55 Lakhs during the previous year, thus registering a growth of over 10%. The profit before tax during the year is Rs.1252.75 Lakhs as compared to Rs. 1169.93 lakhs, up by 7%. The consumer durable products (i.e. plastic parts supplied to consumer durable industry) registered a turnover of around Rs.100 Crs in FY 25 compared to around Rs.82 Crs in FY 24, registering a growth of around 22%. The auto component and other products registered a turnover of around Rs.210 Crs in FY 25 as against Rs 188 Crs in Fy 24 thus growing at around 12%.

Material Changes affecting the Financial Position of the Company

There are no material changes / commitments affecting the financial position of the Company subsequent to the end of the financial year till the date of this report.

Transferto Reserves

During the year under review, your Company has not transferred any amount to general reserves from the current years profit. Amount is retained to meet the operations and growth prospects of the Company.

Dividend

The Board of Directors have, at their meeting held on 27.05.2025, recommended a dividend of Rs.1.50 (15% on face value of Rs.10 each) per share forthe financial year ended 31.03.2025. The divided, if approved, by the shareholders in the AGM, will be paid to the shareholders whose name appears in the Register of Members as on the record date, within 30 days from the date of the AGM. The Board is not considering any transfer of amount to General Reserve for the year under review as it is not mandatory.

Share Capital

The paid up Equity Share Capital as on 31.03.2025 was Rs. 6,07,83,300. During the year under review, the Company has not issued any shares or convertible instruments.

Deposits

The Company has neither received deposits in the previous year nor invited/accepted any deposits from the public during the year under review.

Directors and Key Managerial Personnel (KMP)

The Board of Directors consists of six Directors as on 31.03.2025. During the financial year 2024-25, the Board met 6 times on 12.04.2024, 15.05.2024, 30.07.2024, 17.09.2024, 29.10.2024 and 29.01.2025.

Mr. HemantChordia, Chairman & Independent Director (DIN:00247225):

Mr. Hemant Chordia is the Chairman of the Board and Independent Director. He was appointed as an Independent Director of the Company fora period of 5 years w.e.f. 10.08.2024 at the Annual General Meeting held on 17.09.2024. He was appointed as the Chairman of the Board, Audit Committee and Stakeholders Relationship Committee w.e.f. 24.09.2024. He does not receive any remuneration and receives only sitting fees. He does not hold any shares in the Company. His term expires on 09.08.2029.

Mr. Arihant Parakh, Managing Director(DIN:07933966) (Key Managerial Personnel)

Mr. Arihant Parakh is the Managing Director of the Company. He was reappointed as Managing Director by the shareholders at the Annual General Meeting held on 13.09.2023 for a period of 3 years w.e.f. 25.09.2023. His term expires on 24.09.2026. The remuneration payable to Mr. Arihant Parakh is fixed in nature and there is no stock option, pension etc. Mr. Arihant Parakh oversees the entire financial and operational functions of the Company. He holds 702284 shares in the Company.

Mrs. Deepa Venkat Ramani, Independent Director (DIN:07143610):

Mrs. Deepa Venkat Ramani was appointed as an Independent Director of the Company for a period of 5 years w.e.f. 10.08.2024 at the Annual General Meeting held on 17.09.2024. She was appointed as the Chairman of the Nomination and Remuneration Committee w.e.f. 24.09.2024. She receives only sitting fees and does not hold any shares in the Company. She is a Woman Director in the Company. Her term expireson 09.08.2029.

Mr. Sudershan Parakh, Director (DIN:01161124)

Mr. Sudershan Parakh is the Non-executive & Non-independent Director of the Company. He is liable to retire by rotation. There is no remuneration payable to Mr. Sudershan Parakh and he is not entitled to stock options, commission, pension etc. Also, he has not received any sitting fees in 2024-25.

Mr. Venkatesan N, Executive Director (09760588):

Mr. N Venkatesan, was appointed as Executive Director of the Company by the shareholders at the General Meeting held on 26.05.2023 through postal ballot for a period of 3 years w.e.f. 12.04.2023. His term expires on 11.04.2026. The remuneration payable to Mr. Venkatesan N is fixed in nature and there is no stock option, pension etc. Mr. N Venkatesan is looking after the operations of all the Companys Plants. He is considered for reappointment for a further period of 3 years w.e.f. 12.04.2026 at the ensuing Annual General Meeting & is liable to retire by rotation. The requisite details in this connection are contained in the Notice convening the Annual General Meeting.

Mrs. Manju Parakh, Non-Executive Director (DIN: 01417349)

Mrs. Manju Parakh is a Non-executive Director who is liable to retire by rotation. She does not receive any remuneration. She is the woman Director in the Company. She has not offered herself for reappointment at the ensuing AGM & hence will retire at AGM. Also, she has not received any sitting fees during the year.

Cessation of Directors:

Mr. Sudhir K Patel and Mr. Ajit Kumar Chordia who were Independent Directors in the Company completed their tenure as Independent Directors and hence, ceased to be Directors w.e.f. 23.09.2024.

Key Managerial Personnel (Senior Management):

Mr. Manikandan R was the Chief Financial Officer of the Company during the year 2024-25. He attained superannuation and his last working day was on 30.06.2025. He ceased to be Chief Financial Officer of the Company w.e.f. 01.07.2025. Mr. Sai Krishna Alluri, Chartered Accountant and Employee of the Company was appointed as Chief Financial Officer (Key Managerial Personal) w.e.f. 01.07.2025.

Mr. Abishek S was appointed as Company Secretary and Compliance Officer of the Company w.e.f. 24.09.2018.

Statement on Declaration given by the Independent Director

The Independent Directors on the board of your company as on date of this report are Mr. Hemant Chordia & Mrs. Deepa Venkat Ramani. As required under Section 149(7) of the Companies Act 2013, all the Independent Directors have given their respective declarations that they meet the criteria of independence as specified in Section 149(6) of the Companies Act, 2013 read with regulations 16 & 25 of Listing Regulations 2015. The independent directors have also confirmed compliance with the provisions of section 150 of the Act read with rule 6 of the Companies (Appointment and Qualifications of Directors) Rules, 2014, relating to inclusion of their name in the independent directors data bank of the Indian Institute of Corporate Affairs.

The Board of Directors of your Company have taken on record the said declaration and confirmation submitted by the independent directors after undertaking due assessment of the veracity of the same in terms of regulation 25 of the Listing Regulations, 2015.

In the opinion of the Board, the independent directors fulfil the conditions specified in the Act as well as the Rules made thereunder and have complied with the code for independent directors prescribed in Schedule IV to the Act.

Board Committees

In compliance with the provisions of Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the Company has constituted various Committees of the Board. The details on composition of the Committees, attendance of the Directors at the Committee Meetings and terms of reference of the Committees form part of this Annual Report.

Related Party Transactions

As per the requirements of the Companies Act 2013, all the Related Party Transactions are placed before the Audit Committee for review and approval. Prior omnibus approval/ ratification of the Committee have been obtained for transactions which are of foreseen and repetitive nature. The details of transactions proposed to be entered into with Related Parties on an annual basis are placed before the Committee. Besides, the Related Party Transactions entered during the year are also reviewed by the Board / Audit committee on a quarterly / annual basis. During the year, pursuant

to the amendments notified by the Securities and Exchange Board of India (SEBI) on 12 December 2024 and 14 February 2025, to Regulation 23 of the Listing Regulations, the Company has amended its existing Policy on Materiality and dealing with Related Party Transactions to ensure alignment with these revised requirements. The revised policy is available on the Companys website at https://nationalgroup.in/national-plastic-technologies-limited/policies/.

Contracts and Arrangements with Related Parties

All transactions entered by the Company during the financial year with Related Parties were in the ordinary course of business and on arms length basis. The particulars of transactions entered with Related Parties, as referred to in Section 188(1) of the Companies Act, 2013, are provided in AOC-2 which is given as Annexure to this report. Also, Note No.35 of Notes to Accounts contains the disclosures in compliance with the Accounting Standard on Related Party Disclosures.

Particulars of Subsidiary, Associate or Joint Venture Company

The Company does not have any Subsidiary or Associate or Joint Venture Company and hence disclosure about Subsidiary, Associate and Joint Venture Company does not arise.

Internal controls system and their adequacy

The Company has designed and implemented a process driven framework for internal financial controls within the meaning of explanation to Section 134(5)(e) of the Companies Act, 2013 and the necessary control systems considering the business requirements, scale of operations and applicable status of the Company are in place in the organisation. The system includes the policies and procedures, delegation of authority, internal check, segregation of duties, internal audit and review framework, safeguarding of its assets, the prevention and detection of frauds and errors, ensuring of accuracy and completeness of the accounting records and the timely preparation of reliable financial information. The company has fully followed the prescribed Accounting Standards.

Details of recommendations of Audit Committee which were not accepted by the Board along with reasons, if any:

The Audit Committee generally makes recommendations to the Board of Directors of the Company at its meetings held to consider any financial results (unaudited and audited) and such other matters placed before the Audit Committee as per the Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. During the year, the Board of Directors have considered and accepted all the recommendations made by the Audit Committee.

Auditors

Statutory Aud itors

The Members of the Company at the 32nd Annual General Meeting (AGM) approved the appointment of Messrs. CA Patel & Associates, Chartered Accountants (FRN:014055S), as the Auditors of the Company fora period of five years from the conclusion of the said AGM till the AGM to be held in the year 2026. CA Patel & Associates have given their consent to act as the Auditors of the Company and have confirmed that the said appointment is in accordance with the conditions prescribed under Sections 139 and 141 of the Act.

The Auditors Report for the year ended 31.03.2025 does not contain any qualification, observation or adverse remark. The report given by the Auditors on the financial statements of the Company is provided in the financial section of the Annual Report. The Statutory Auditors of the Company also undertakes tax audit for the Group Firm Viz. National Autoplast & receives a remuneration of Rs. 1.00 lakhs from the firm. The Statutory Auditors does not hold any shares in the Company. The remuneration paid to the Statutory Auditors for all services is mentioned in the Notes to Accounts of the Annual Report.

Reporting of fraud

The Auditors of the company have not reported any fraud as specified under section 143(12) of the Act, 2013 during the year.

CostAuditors

Since the business activities do not fall under the scope of cost audit, the Company has not appointed Cost Auditor to audit the records of the Company.

Secretarial Auditors

Pursuant to provisions under Section 204 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board of Directors of the Company have appointed M/s. P. Muthukumaran & Associates, Company Secretaries to undertake the Secretarial Audit of the Company for the financial year ended 31.03.2025.The Secretarial Audit Report is attached. There are no qualifications, reservations or disclaimers given by the Secretarial Auditor for the year ended 31.03.2025.

Further, Mr. P. Muthukumaran & Associates, Company Secretaries are being recommended for appointment as Secretarial Auditors of the Company to hold office for a period of 5 years from the conclusion of the Annual General Meeting to be held in 2025 till the conclusion of the Annual General Meeting in 2030. The Remuneration and other terms of appointment of Secretarial Auditors are contained in the Notice of Annual General Meeting for the year 2025 which forms part of the Annual Report.

Secretarial Standards of ICSI

The Company has complied with the requirements prescribed under the Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2).

Indian Accounting Standards, 2015

The annexed financial statements comply in all material aspects with Indian Accounting Standards (IndAS) notified under section 133 of the Act, the Companies (Indian Accounting Standards) Rules, 2015 and other relevant provisions of the Act.

Particulars of remuneration of Directors and Employees u/s 197(12) of the Companies Act,

2013

Details pertaining to remuneration as required under Section 197(12) of the Companies Act, 2013 read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules,

2014 have been provided as Annexure to this report. There was no employee who received remuneration in excess of prescribed threshold limit u/r 5(2) of Companies (appointment & Remuneration of Managerial Personnel) Rules, 2014 as amended, during the year under review.

Particulars of Loans or Guarantees and Investments U/S 186(4) of the Companies Act, 2013

The Company has not given Loans, Guarantees u/s 186 of Companies Act, 2013. The Company has made an net investment of Rs.5000 in Maris Power Trading Co. LLP during the financial year so as to be eligible for purchase of Group Captive renewable power. Please refer Notes on Accounts for Investments as on 31.03.2025.

Conservation of energy, technology transferand foreign exchange earnings and outgo (i) Conservation of energy

The Company understands the significance of conservation of energy which is also seen as a method for cost reduction. The Company has taken following steps for conserving the energy:

• Change of circuitry in the machines developed in house to reduce power consumption.

• Power saving equipments have been installed on machines and there has been considerable reduction in powerconsumption.

• Heater insulation jackets have been provided on the machines to prevent the energy losses.

• Timers have been installed to reduce the idle running of the motors preventing energy losses.

• Natural lighting is being used in plants to avoid usage of industrial lamps in the day.

• APFC Panels have been installed in all plants to maintain power factor, thus ensuring efficient energy management

• LED Lamps and Fittings have been installed in place of Metalhylide to save precious energy and costs.

• The company purchases renewable power through Group Captive scheme at its plant at Irungattukottai and Hosur.

• Gardening has been done so as to enhance air quality and improve environment and minimize pollution.

• The Company has installed 200 KW rooftop solar panels at its Irrungattukottai plant in order to conserve energy thus saving cost.

(II) Research and Development and Technology absorption

During the year under review, the Company continued to improve the quality of products through its

normal development systems. The Company has not acquired any imported or indigenous

technology.

(Mi) Foreign Exchange Earnings and Outgo

(a) Foreign Exchange Earnings	- Rs. Nil
(b) Foreign Exchange Outgo	-Rs. 174.70 Lakhs

Corporate Governance Report

The report on Corporate Governance forthe year ended 31.03.2025 pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is annexed hereto and forms an integral part of this Report.

Management Discussion & Analysis Report

Management Discussion & Analysis Report for the year under review, as stipulated under Regulation 34(3) read with Schedule IV of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015forms part of the Annual Report.

Annual Return

Pursuant to the provisions of section 92(3) of the Companies Act, 2013 (‘the Act¹) read with the Companies (Management and Administration) Rules, 2014, the annual return for FY2025 (under the revised format), which will be filed with Registrar of Companies/MCA, will be uploaded on the Companys website and can be accessed at https://nationalgroup.in/national-plastic-technologies- limited/annual-retum/.

Significant and material orders passed by the Regulators

There is no significant and material order passed by the Regulators or Courts or Tribunals impacting the going concern status of the Companys operations in future.

Risk Management Policy

The Company has developed and implemented Risk Management Policy. The Policy framework enables the Company to identify and evaluate risks, appropriately rate these risks and grade the same in accordance with their potential impact and likelihood. The two key components of risks are the probability (likelihood) of occurrence and the impact (consequence) of occurrence, if the risk occurs. Risk is analysed by combining estimates of probability and impact in the context of existing control measures. This framework seeks to create transparency, minimize adverse impact on

business objective and enhance the Companys competitive advantage. The risk framework defines the risk management approach across the Company at various levels including documentation and reporting.

The various key risks to business objectives are as follows:

Credit Risk: It is the risk of financial loss to the Company if the customer or any other stakeholder fails to meet its contractual obligations. The Board reviewed the risk and noted that the Companys major customers are well reputed and have a good standing in the market with top ratings. Further, the Company has been receiving its dues from its stakeholders regularly and hence, credit risk is largely mitigated. The likelihood of this risk is assessed to be minimum and impact is manageable.

Liquidity risk: Liquidity risk is defined as ‘the risk that a party (individual, business, or financial institution) will be unable to meet its financial obligations due to a lack of readily available cash or other liquid assets". The Board analysed the maturity of the companys financial liabilities over the next few years and concluded that the risk is comparatively low. The likelihood of this risk is assessed to be minimum and impact is manageable.

Market Risk: Market risk can be broadly classified into Foreign Currency Risk and Interest Rate Risk. The Board took note of the fact that the Company does not have any material Foreign Currency exposure and hence, the Board felt that the risk is non-existent. However, the Company has Borrowings from Bank and Financial Institutions and hence, is exposed to interest rate risk. However, this risk is manageable as the companys financial position is good and the macro-economic conditions are stable in the country. The likelihood of this risk is assessed to be minimum and impact is manageable.

Board Evaluation

The Directors appointed on the Board are from diverse fields with considerable experience in their fields for decades. Non-Executive Director(s) add substantial value through the deliberations at the Meetings of the Board and Committees thereof. To safeguard the interests of the investors, they play a crucial role in important Committees of the Board such as Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, etc. Besides contributing at the Meetings of the Board and Committees, the Non-Executive Directors also have offline deliberations with the Management of the Company and add value through such deliberations. The Non-Executive Independent Directors are only paid Sitting Fees for attending Meetings of the Board and no remuneration is paid to them. The Non-executive Non-Independent Director are not paid any sitting fees or any remuneration.

In a separate Meeting of Independent Directors held on 29.01.2025, performance of the Board, Directors and Committees were evaluated, taking into the account the views of Executive and NonExecutive Directors. All Independent Directors were present at the Meeting.

Directors Responsibility Statement

In accordance with the provisions of Section 134(5) of the Companies Act 2013, your Directors confirm:

1. That in the preparation of the annual accounts for the year ended 31.03.2025, the applicable accounting standards have been followed by your Company and there were no material departures.

2. 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 or loss of the Company for that period.

3. That the Directors 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.

4. That the Directors have prepared the annual accounts for the year ended 31.03.2025 on a going concern basis.

5. That the Directors had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively.

6. 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.

Disclosures as per the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013

The Company has in place an Anti-Sexual Harassment Policy in line with the requirement of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. Adequate measures have been taken to redress complaints received regarding sexual harassment All employees (permanent, contractual, temporary, trainees) are covered under this policy. The details regarding complaints under Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal)Act, 2013 are as under:

Particulars	No. of complaints
Number of complaints at the beginning of the year (01.04.2024)	Nil
Number of complaints of sexual harassment received in the vear 2024-25	Nil
Number of complaints disposed off during the year 2024-25	Nil
Number of cases pending as on 31.03.2025	Nil
Number of cases pending for more than ninetv davs	Nil

Corporate Social Responsibility (CSR)

The mandatory provisions of CSR are applicable to the Company. The Company has constituted CSR committee headed by Mr. Arihant Parakh, Managing Director with Mr.HemantChordia and Mrs. Deepa Venkat Ramani as members. The Board has also adopted CSR policy for the Company. Copy of the CSR policy is available on the website of the Company viz. https://nationalgroup.in/wp- content/uploads/2025/05/CSR_Policy_National-Plastic-Technologies-Ltd-Updated.pdf. A report on CSR is attached to this Annual Report.

Acknowledgement

Your Directors place on record their appreciation of the co-operation and support extended by the Customers, Suppliers, Employees and assistance received from Bankers, Local Bodies and other Government Authorities.