Netlink Solutions (India) Ltd Directors Report

Dear Members,

Your Directors take pleasure in presenting their 40^th Annual Report on the business and operations of your Company, together with the audited financial statements, for the year ended March 31, 2025.

1. Financial Highlights

Financial Performance:	2024-25	2023-24
Total Income	935.94	1251.51
Total Expenditure	245.24	160.38
Profit Before Depreciation and Tax	650.58	1072.83
Less: Deprecation	20.12	18.29
Net Profit before Tax	690.70	1091.13
Tax Expense:	155.38	171.23
Income Tax- Current Tax	164.37	138.05
Income Tax-Earlier year	0.10	(3.38)
Deferred tax Charges/(Credit)	(9.09)	36.56
Net Profit after Tax	535.32	919.90

2. Dividend and Reserves

In order to conserve its resources for future growth, the Directors do not recommend any dividend for the year under review. The Board has not proposed to transfer any amount to the General Reserves.

3. Operations/ State of the Companys Affairs

During the year, the total income of the Company has been Rs. 935.94 Lakhs as compared to the previous years total of Rs. 1251.51 Lakhs. Our Company has made a profit amounting to Rs 535.32 Lakhs after tax as compared to the last year profit of Rs 919.90 Lakhs.

The Company is exploring various options for a sustainable growth & profitability.

4. Material Changes and Commitment affecting Financial Position of the Company which have occurred between the end of the financial year of the Company

No material changes and commitments have occurred after the closure of the financial year 2024-25 till the date of this Report, which would affect the financial position of your Company.

5. Holding Company / Subsidiary Company

The Company does not have any Subsidiary, Joint Venture or Associate Company. However, Jupiter Infomedia Limited, a BSE listed company, is the Holding company of the Company.

6. Open Offer details

Netlink Solutions (India) Limited ("target Company") has received the Public Announcement dated May 06, 2025 about the Open Offer to the Public Shareholders of the Target Company on behalf of M/s Arix Capital Limited, (Acquirer 1), and Mrs. Kajal Gopal Baldha, (Acquirer 2), Mr. Punitbhai Bavanjibhai Lakkad (Acquirer 3) (hereinafter the "Acquirers") of 6,57,599 fully paid-up equity shares of the Target Company having a face value of INR 10 representing 26.00% of Voting Share Capital of the Company. The Open Offer has been made pursuant to and in compliance with Regulations 3(2) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto ("SAST Regulations").

7. Transfer of unclaimed dividend to investor education and protection fund

The provisions of Section 125(2) of the Companies Act, 2013 do not apply as there was no unpaid/unclaimed dividend lying with the Company.

As per Sections 124 and 125 of the Companies Act, 2013, the amount of unpaid or unclaimed dividend lying in unpaid dividend account for a period of seven (7) years from the date of its transfer to the unpaid dividend account and the underlying Equity Shares of such unpaid or unclaimed dividend, are required to be transferred to the Investor Education and Protection Fund ("IEPF") established by the Central Government. Accordingly, the unclaimed dividend in respect of the financial years 2003-04 to 2008-09 was transferred to the IEPF and the Company has also transferred 21,925 Equity shares into the IEPF Account on 29/05/2020 vide SRN R42014555. Out of the above, 1400 equity shares and total dividend of Rs.160 thereon have since been claimed by the respective members. The eligible Members can claim their shares from the website of IEPF (http: //www.iepf.gov.in) for filing the claim for refund.

8. Contracts and Arrangements with Related Parties

All contracts/transactions executed by the Company during the financial year with related parties were on an arms length basis and in the ordinary course of business. The particulars of such material contracts or arrangements made with related parties in e-Form AOC-2 pursuant to Section 188 is furnished in Annexure -I and are attached to this report.

9. Management Discussion and Analysis Report

In accordance with regulation 34 of SEBI (Listing Obligations and Disclose Requirements) Regulations, 2015, the Management Discussion and Analysis Report forms part of this Report as Annexure - II.

10. Auditors and Audit Report Statutory Auditors

M/s. Ladha Singhal and Associates (ICAI Firm Registration No. 120241W) were appointed as the Statutory Auditors of the Company to hold office from the conclusion of the 37^th Annual General Meeting (AGM) held on September 29, 2022 until the conclusion of the ensuing 42^nd AGM of the Company to be held in the year 2027.

Secretarial Auditor

Pursuant to Regulation 24A of the Listing Regulations read with provisions of Section 204 of the Act and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, your Directors had appointed M/s. Tarun Jain & Associates, Company Secretaries to undertake the Secretarial Audit of the Company for the financial year 2024-25. In this regard, the Secretarial Audit Report submitted by the Secretarial Auditor is annexed as Annexure III.

Your Directors are pleased to inform you that the report from the Secretarial Auditors does not contain any qualifications or reservation or other adverse remarks.

Further, in terms of amended provisions of Regulation 24A of the Listing Regulations, the Board has appointed and recommended appointment of M/s. Malay Desai & Associates, Practicing Company Secretaries as Secretarial Auditors of the Company for a term of five (5) consecutive financial years commencing from April I, 2025 till March 31, 2030. The appointment will be subject to shareholders approval at the ensuing AGM.

Annual Secretarial Compliance Report

The Company has undertaken an audit for the FY25 for all applicable compliances as per SEBI Regulations and Circulars / Guidelines issued thereunder. The Annual Secretarial Compliance Report duly signed by Mr. Tarun Jain, Partner in M/s. Tarun Jain & Associates, Practicing Company Secretaries has been submitted to the Stock Exchanges and is annexed at Annexure IV to this Boards Report.

Secretarial Audit of Material Unlisted Indian Subsidiary

There is no Material Unlisted Indian Subsidiary of the Company as on March 31, 2025 and as such the requirement under Regulation 24A of the Listing Regulations regarding the Secretarial Audit of Material Unlisted Indian Subsidiary is not applicable to the Company for the FY25.

Reporting of Frauds by Auditors

During the year under review, the Statutory Auditors and Secretarial Auditor have not reported any instances of frauds committed in the Company by its Officers or Employees to the Audit Committee under section 143(12) of the Companies Act, 2013.

Maintenance of Cost Records

The Company is not required to maintain cost records as specified by the Central Government under subsection (1) of Section 148 of the Companies Act 2013.

II. Particulars of loans, guarantees or investments under Section 186 of the Companies Act, 2013

There was no loan advanced, guarantees given or security provided by the Company under Section 186 of the Companies Act, 2013 during the year under review. Particulars of investments made are provided in the financial statement (Please refer to Note no. 4) to the financial statement.

12. Deposits

Your Company has not accepted any deposits from the public or its employees during the year under review.

13. Policies on Appointment of Directors and Remuneration of Directors, Key Managerial Personnel and Employees.

In accordance with the provisions of section 134(3)(e) of the Companies Act, 2013 ("the Act") read with section 178(3) of the Act, your Company has adopted a Policy on Appointment of Directors and Senior Management and succession planning for orderly succession to the Board and the Senior Management, which inter alia, includes the criteria for determining qualifications, positive attributes and independence of Directors.

Your Company has also adopted the Policy on Remuneration of Directors, Key Managerial Personnel and Employees of the Company in accordance with the provisions of sub-section (4) of section 178, and the same are appended as Annexure V-A and Annexure V-B and form part of this Report.

14. Particulars of Employees and related disclosures

There are no employees drawing remuneration in excess of the limits specified in Rule 5(2) and Rule 5 (3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 further amended by Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016.

The ratio of remuneration of each Director to the median employees remuneration and other details in terms 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, are forming part of this report as Annexure VI.

15. Board

Directors or Key Managerial Personnel who were Appointed or have resigned during the Year As on March 31, 2025, the composition of the Board is as follows:

Name of director	Designation
1 Mr. Minesh Vasantlal Modi	Whole-Time Director
2 Mrs. Rupa Minesh Modi	Whole Time Director designated as Executive & Chief Financial Office
3 Mr. Manoj Ashok Pardhee	Non-Executive, Independent Director
4 Mr. Pankaj Vrajlal Sodha	Non-Executive, Independent Director
5 Mr. Kaushal Shambhu Ameta	Non-Executive, Independent Director
6 *Mr. Yogesh Becharbhai Girnara	Non-Executive, Independent Director
7 *Mr. Premnath Tidiprasad Mishra	Non-Executive, Independent Director
8 *Mr. Rajendra Shishupal Lokare	Non-Executive, Independent Director
9 Ms. Aarushi Hasmukh Lad	Company Secretary & Compliance Officer

*Completed their second term as Independent Directors on September 30, 2024.

On the basis of the written representations received from the Directors, none of the above Directors is disqualified under Section 164 of the Act.

Key Managerial Personnel

In terms of Section 203 of the Companies Act, 2013, the Key Managerial Personnel are Mr. Minesh Vasantlal Modi, Whole Time Director, Mrs. Rupa Minesh Modi, Whole Time Director designated as Executive Director & Chief Financial Officer and Ms. Aarushi Lad, Company Secretary & Compliance Officer as on March 31, 2025. During the year under review, there has been no changes in the Key Managerial Personnel of the Company.

16. Declaration of Independent Directors

The Company has received necessary declaration from each Independent Director under section 149(7) of the Companies Act, 2013 read with Regulation 25(8) of the SEBI Listing Regulations, that he meet the criteria of Independence laid down in Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI Listing Regulations.

The Board is of the opinion that there has been no change in the circumstances which may affect their status as Independent Directors of the Company and the Board is satisfied of the integrity, expertise, and experience of all Independent Directors.

In terms of Section 150 of the Companies Act, 2013 read with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014, Independent Directors of the Company have confirmed that they have registered themselves with the databank maintained by the Indian Institute of Corporate Affairs, Manesar ("IICA").

The Independent Directors of the Company have complied with the Code for Independent Directors prescribed in Schedule IV of the Companies Act, 2013.

17. Directors Retiring by Rotation

Pursuant to the provisions of Section 152 (6) of the Act, Mr. Minesh Vasantlal Modi (DIN: 00378378), Director of the Company, is liable to retire by rotation at the ensuing Annual General Meeting (AGM) and being eligible, offers himself for re-appointment. The Board of Directors recommend his re-appointment and propose the same for the approval of the members at the ensuing Annual General Meeting of the Company.

18. Board Evaluation

Pursuant to provisions of the Companies Act, 2013 and SEBI Listing Regulations the Board has carried out an annual performance evaluation of its own performance, and that of its Committees as well as performance of all the Directors individually including Independent Directors, and Executive Director and CFO. Evaluation was done by Nomination and Remuneration Committee. A structured questionnaire was prepared after circulating the draft forms, covering various aspects of the evaluation such as adequacy of the size and composition of the Board and Committee thereof with regard to skill, experience, independence, diversity; attendance and adequacy of time given by the Directors to discharge their duties; Corporate Governance practices etc. The Directors expressed their satisfaction with the evaluation process.

All Directors unanimously expressed that the evaluation outcome reflected high level of engagement of the Board of Directors and its committees amongst its members with the Company and its management and that they are fully satisfied with the same.

19. Familiarisation Programme for Independent Directors

The Board of the Company are afforded many opportunities to familiarise themselves with the Company, its Management and its operations. The Directors are provided with all the documents to enable them to have a better understanding of the Company, its various operations and the industry in which it operates.

The details of programmes for familiarisation of Independent Directors with the Company, their roles, rights, responsibilities in the Company, nature of the industry in which the Company operates, business model of the Company and related matters along with other details as required pursuant to the provisions of the SEBI Listing Regulations are available on the website of the Company at https://nsil.co.in/images/pdf/drafts/Independent Directors Familiarization Programs.pdf.

20. Directors Responsibility Statement

Pursuant to Section 134(3)(c) of the Act, your Directors state that:

(a) in the preparation of the annual accounts for the year ended March 31, 2025, the applicable Accounting Standards read had been followed and there are no material departures from the same;

(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 March 31, 2025 and of the profit of the Company for 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 this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

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

(e) 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; and

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

21. Board Meetings and Annual General Meeting

The Board met 6 times during the financial year.

During the year under review the Board of Directors met 6 (six) times on April 23, 2024, May 29, 2024, August 01, 2024, August 30, 2024, November 13, 2024 and January 30, 2025. The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013, Secretarial Standards on Board Meetings and SEBI Listing Regulations as amended from time to time.

The 39th Annual General Meeting (AGM) of the Company was held on September 30, 2024 through Video Conferencing /Other Audio Visual Means.

22. Separate Meeting of the Independent Directors

In Compliance with the provision of the Companies Act, 2013 SEBI Listing Regulations, the Independent Directors of your Company meet without the presence of the Executive Director or other Non-Independent Directors or Chief Financial Officer or any other Management Personnel.

The Independent Directors held a Meeting on January 30, 2025, and they, inter alia:

i. Reviewed the performance of Non-Independent directors and the Board as a whole;

ii. Reviewed the performance of the Chairperson of the Company

iii. Assessed the quality, quantity, and timeliness of flow of information between the Companys Management and the Board, which is necessary for the Board to perform their duties effectively and reasonably.

The Independent Directors holds a unanimous opinion that the Non-Independent Directors bring to the Board constructive knowledge in their respective field. The Independent Directors expressed their satisfaction with overall functioning and implementations of their suggestions.

23. Audit Committee

The Audit Committee of the Company had been constituted and functions in accordance with provisions of Section 177 of the Act and SEBI Listing Regulations.

The Committee comprises of 3 directors having accounting and finance back-ground. The composition of the Committee and attendance of the members during the financial year 2024-25 is given hereunder:

Name of the Member	Member/ Chairman	Number of Meetings Attended	Date of Cessation
Mr. Yogesh Becharbhai Girnara	Chairman	2/2	30-09-2024
Mr. Rajendra Shishupal Lokare	Member	2/2	30-09-2024
Mr. Minesh Vasantlal Modi	Member	4/4	-
*Mr. Pankaj Vrajlal Sodha	Chairman	2/2	-
*Mr. Kaushal Shambhu Ameta	Member	2/2	-

independent Directors appointed w.e.f. August 30, 2024, and were inducted in the said committee w.e.f. September 30, 2024, and Mr. Pankaj Vrajlal Sodha Chaired the committee.

The role, terms of reference and powers of the Audit Committee are in conformity with the requirements of the Companies Act, 2013 and applicable regulations of the SEBI Listing Regulations.

The Committee met 4 times during the year under review i.e. April 23, 2024, August 01, 2024, November 13, 2024 and January 30, 2025. The Committee, inter-alia, discussed on financials, audit reports and appointment of auditors.

The Board accepted all recommendations of the Audit Committee made from time to time. All the members of the Committee attended all the meetings.

24. Nomination and Remuneration Committee

The Committee comprises of 3 Independent Directors having accounting and finance back-ground. The details of composition of the Committee for the FY ended on March 31, 2025, is as under:

Name of the Member	Member/ Chairman	Number of Meetings Attended	Date of Cessation
Mr. Yogesh Becharbhai Girnara	Chairman	3/3	30-09-2024
Mr. Rajendra Shishupal Lokare	Member	3/3	30-09-2024
Mr. Premnath Tidiprasad Mishra	Member	3/3	30-09-2024
*Mr. Pankaj Vrajlal Sodha	Chairman	Not Applicable for FY 2024-25	-
*Mr. Kaushal Shambhu Ameta	Member	Not Applicable for FY 2024-25	-
*Mr. Manoj Ashok Pardhee	Member	Not Applicable for FY 2024-25	-

* Independent Directors appointed w.e.f. August 30, 2024, and were inducted in the said committee w.e.f. September 30, 2024, and Mr. Pankaj Vrajlal Sodha Chaired the committee.

The role, terms of reference and powers of the Nomination and Remuneration Committee are in conformity with the requirements of the Companies Act, 2013 and applicable regulations of the SEBI Listing Regulations.

The Committee met 3 times during the year under review i.e. April 23, 2024, August 01, 2024 and August 30, 2024.

All the members of the Committee attended all the meetings. The constitution are in compliance with the provisions of the Act and the applicable regulations of SEBI Listing Regulations and the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

25. Stakeholders Relationship Committee

In terms of the requirements of Section 178 of the Act and Regulation 20 of the Listing Regulations, the Stakeholders Relationship Committee of the Company consists of Four (4) members. The details of composition of the Committee for the FY ended on March 31, 2025, is as under:

Name of the Member	Member/ Chairman	Number of Meetings Attended	Date of Cessation
Mr. Yogesh Becharbhai Girnara	Chairman	-	30-09-2024
Mr. Rajendra Shishupal Lokare	Member	-	30-09-2024
Mr. Premnath Tidiprasad Mishra	Member	-	30-09-2024
*Mr. Pankaj Vrajlal Sodha	Chairman	1/1	-
*Mr. Minesh Modi	Member	1/1	-
*Mr. Kaushal Shambhu Ameta	Member	1/1	-
*Mr. Manoj Ashok Pardhee	Member	1/1	-

* Independent Directors appointed w.e.f. August 30, 2024, and were inducted in the said committee w.e.f. September 30, 2024, and Mr. Pankaj Vrajlal Sodha Chaired the committee.

The Committee met 1 time during the year under review i.e. January 30, 2025.

26. Corporate Governance

A report on Corporate Governance along with a certificate from the Secretarial Auditor of the Company regarding the compliance with the conditions of Corporate Governance as stipulated under the SEBI Listing Regulations, forms part of this Annual Report as Annexure VII.

27. Vigil mechanism / Whistle Blower Mechanism

The Company has established a vigil mechanism by adopting a Whistle Blower Policy for Directors and employees to report genuine concerns in the prescribed manner. The vigil mechanism is overseen by the Audit Committee and provides adequate safeguards against victimization of employees and Directors. Whistle Blower Policy is a mechanism to address any complaint(s) related to fraudulent transactions or reporting intentional non-compliance with the Companys policies and procedures and any other questionable accounting/operational process followed. It provides a mechanism for employees to approach the Chairman of Audit Committee or Chairman of the Company or the Corporate Governance Cell. During the year, no such incidence was reported, and no personnel were denied access to the Chairman of the Audit Committee or Chairman of the Company or the Corporate Governance Cell.

The Whistle Blower Policy for Directors & Employees is available at web link https://www.nsil.co.in/images/pdf/drafts/Policy for Whsitle Blower and Vigil Mechanism to be uploade d.pdf

28. Sexual Harassment

The Company has zero tolerance towards sexual harassment at the workplace and towards this end, has adopted a policy in line with the provisions of sexual harassment of women at workplace (Prevention, Prohibition and Redressal) Act, 2013 and the rules made thereunder. During the year 2024-25, there were no complaints filed pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

The Company has complied with the provisions relating to the constitution of Internal Committee (IC) under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 to redress complaints received regarding sexual harassment.

The following is a summary of sexual harassment complaints received and disposed off during the year:

Number of sexual harassment complaints received	Number of complaints disposed off during the year	Number of cases pending for more than ninety days
NIL	NIL	NIL

29. Compliance with the provisions relating to the Maternity Benefit Act 1961

The provisions of the Maternity Benefit Act, 1961 and rules made thereunder are not applicable to the Company as the number of employees of the Company are less than 10.

30. Risk Management

The Company has in place the procedure to inform the Board about the risk assessment and minimization procedures. Your Company has appropriate risk management systems in place for identification and assessment of risks, measures to mitigate them, and mechanisms for their proper and timely monitoring and reporting. Audit Committee has been assigned the task of ensuring Risk Management, for monitoring and reviewing of the risk assessment, mitigation and risk management plan from time to time. The Board periodically reviews implementation and monitoring of the risk management plan for the Company including identification therein of elements of risks, if any, which in the opinion of the Board may threaten the existence of the Company.

31. Corporate Social Responsibility ("CSR")

During the financial year 2024-25, the Company did not earn net profits as computed under Section 198 of the Companies Act, 2013. Accordingly, there was no statutory obligation to incur any expenditure towards Corporate Social Responsibility ("CSR") activities during the year.

In line with the above and in accordance with the provisions of Section 135 of the Act, the requirement for constitution of the CSR Committee shall not be applicable for the said financial year and the functions of such Committee be discharged by the Board of Directors of Company.

Consequently, the requirement to annex an Annual Report on CSR Activities, as prescribed under Rule 8 of the Companies (Corporate Social Responsibility Policy) Rules, 2014, does not arise for the financial year 202425.

In terms of Section 135 of the Act read with Companies (Corporate Social Responsibility Policy) Rules, 2014, your Company has also formulated a CSR Policy which is available on your Companys website at https://www.nsil.co.in/images/pdf/drafts/Corporate%20Social%20Responsibility%20Policy Netlink.docx. pdf.

32. Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo

Particulars required under Section 134(3)(m) of the Companies Act, 2013 read with the Rule 8(3) of the Companies (Accounts) Rules, 2014 regarding conservation of energy, technology absorption, foreign exchange earnings and outgo forms part of this report as Annexure VIII.

33. Share Capital

During the year under the review there is no change in the issued, subscribed, and paid-up share capital of the Company.

a) Employee Stock Options Scheme

During the year under the review the Company has not issued any Shares pursuant to the Employee Stock Options Scheme.

b) Issue of Sweat Equity shares

During the year under the review the Company has not issued any Sweat Equity Shares.

c) Issue of Shares with Differential rights

During the year under the review the Company has not issued any Shares with Differential rights.

d) Buy Back of Securities

The Company has not bought back any of its securities during the year under review.

e) Bonus Shares

No Bonus Shares were issued during the year under review.

34. Annual Return

Pursuant to section 134(3)(a) and section 92(3) of the Companies Act, 2013 read with Rule 12 of the Companies (Management and Administration) Rules, 2014, a copy of the Annual Return in Form MGT-7 for the financial year ended March 31, 2025, is available on the weblink of the Company at https://www.nsil.co.in/financials.html.

35. Details of significant & material orders passed by the regulators, courts, tribunals impacting the going concern, status and companys operations in future

No significant & material orders passed by the regulators, courts, tribunals against your company during the financial year 2024-25.

36. Proceedings under the Insolvency and Bankruptcy Code, 2016 (31 Of 2016)

No Application was made under the Insolvency and Bankruptcy Code, 2016 during the year under review. Hence there are no proceedings pending under the said Code.

37. Secretarial Standards

The Company has devised proper systems to ensure compliance with the provisions of Secretarial Standards on Meetings of the Board of Directors (SS-1) and Secretarial Standards on General Meetings (SS-2) and is in compliance with the same.

38. Receipt of any commission by MD / WTD from Company or for receipt of commission/remuneration from its Holding or Subsidiary Company

During the year under review, the Company has not paid any commission to any of its directors. The Company does not have any Subsidiary. The Holding Company has not paid any commission to any of its Whole Time Director during the year under review.

39. Internal Financial Controls and their Adequacy

The Company has in place adequate internal financial control with reference to the size and nature of its business. The Audit Committee of the Board periodically reviews the internal control systems with the management, Internal Auditors and Statutory Auditors and the adequacy of internal audit function, significant internal audit findings and follow-ups thereon.

40. Explanation or Comments on Qualifications, Reservations or adverse remarks or disclaimers made by the Auditors and the Practicing Company Secretary in their reports

There were no qualifications, reservations or adverse remarks made either by the Auditors or by the Practicing Company Secretary in their respective reports.

41. Research and Development

The Company has not undertaken any Research and Development activity in any specific area during the year under review, and hence no cost has been incurred towards same.

42. General

Your Directors state that no disclosure or reporting is required in respect of the following items as there were no transactions / events on these items during the year under review:

1. During the year under review, no revision was made in the financial statement of the Company.

2. There has been no change in the nature of business of your Company.

3. During the year, the Company has not made any one-time settlement for loans taken from the Banks or Financial Institutions, and hence 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 is not applicable.

Cautionary statement:

Certain statements in the Directors Report describing the Companys objectives, projections, estimates, expectations or predictions may be forward-looking statements within the meaning of applicable securities laws and regulations. Actual results could differ from those expressed or implied. Important factors that could make a difference to the Companys operations include labour and material availability, and prices, cyclical demand and pricing in the Companys principal markets, changes in government regulations, tax regimes, economic development within India and other incidental factors.

Appreciation and Acknowledgement

The Directors would like to thank all shareholders, the Ministry of Corporate Affairs, the Securities and Exchange Board of India, the Government of India and other Regulatory Authorities, the BSE Limited, Bankers, Members, Customers, contractors, suppliers, associates and Employees of the Company for their continued support and trust. Your Directors would like to express deep appreciation for the commitment shown by the employees in supporting the Company in achieving continued robust performance on all fronts.

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS OF
NETLINK SOLUTIONS (INDIA) LIMITED
Minesh Modi	Rupa Modi
Whole Time Director	Executive Director & CFO
DIN: 00378378	DIN: 00378383
Date: August 29, 2025
Place: San Francisco