Nikki Global Finance Ltd Directors Report

Dear Shareholders,

We are pleased to share the 40 th Annual Report, including the Audited Financial Statements for the financial year ended 31st March 2026.

FINANCIAL RESULTS

Financial Results of the Company for the year under review, along with figures for the previous year, are as follows:

Amount in (Rs.)

Particulars	2025-26	2024-25
Total Income	3,988,200	1,441,371
Total Expenses	1,453,155	1,779,103
Profit (Loss) before Depreciation and Tax(PBT)	2,538,270	(328,977)
Less: Depreciation	3,225	8,755
Profit (Loss) before Tax	2,535,045	(337,732)
Less: Provision for taxation (including deferred tax)	396,138	233
Profit / (Loss) after Tax (PAT)	2,138,907	(3,37,965)
EPS	0.63	(0.10)

DEPOSITS

During the year under review, the Company has not accepted any deposits from the public or shareholders within the meaning of Sections 73 and 76 of the Companies Act, 2013, read with the rules made thereunder. Accordingly, no amount towards principal or interest on public deposits remained outstanding as on the date of the Balance Sheet.

DIVIDEND

Keeping in view the Companys overall financial position and its strategy of conserving resources for future growth, the Board of Directors has not recommended any dividend for the year under review.

CHANGES IN SHARE CAPITAL

During the year under review, there has been no change in Share Capital of the Company.

PARTICULARS OF LOANS, GUARANTEES, OR INVESTMENTS

The provisions of Section 186 of the Companies Act, 2013, pertaining to loans, guarantees, and investments, are not applicable to the Company, as it is engaged in the business of Non-Banking Financial Company (NBFC) activities.

During the year under review, there was no change in the investments held by the Company, and details of loans and guarantees have been suitably disclosed in the financial statements.

STATE OF THE COMPANYS AFFAIRS AND NATURE OF BUSINESS

During the year under review, the Companys total income increased from ^ 14,41,371 in the previous financial year to ^ 39,88,200 in the current financial year, reflecting a strong and encouraging growth trajectory. This significant improvement underscores the Companys expanding operational base and reinforces confidence in its future prospects. There has been no change in the nature of the Companys business during the year.

TRANSFER TO RESERVES

During the year, the profit earned for the year was transferred to Reserve and Surplus Account.

MATERIAL CHANGES AND COMMITMENTS

During the year under review, the Company relocated its Registered Office within the state, from 3rd Floor, Eastern and Central Wing, 124 Thapar House, Janpath, New Delhi-110001, to 215, Delhi Chambers, Delhi Gate, New Delhi- 110002, with effect from April 25, 2025 . All necessary filings and compliances under the Companies Act, 2013, and applicable regulatory requirements have been duly completed.

INTERNAL CONTROL SYSTEM AND ITS ADEQUACY

The Company has put in place an Internal Control System that is commensurate with its size, nature, and the complexity of its operations. The Internal Audit function operates within the framework prescribed under the Companies Act, 2013, and the rules made thereunder, and, in order to preserve its independence and objectivity, reports directly to the Chairman of the Audit Committee and the Managing Director.

The Internal Auditor periodically reviews the effectiveness and adequacy of the Companys internal controls, along with compliance with established operating procedures, accounting policies, and corporate guidelines. Based on the observations arising from such reviews, the respective process owners initiate appropriate corrective measures to further strengthen the internal control

framework. Significant audit findings and the corresponding corrective actions are placed before the Audit Committee for its review on a regular basis.

BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

1. Composition:

The Board of Directors comprises professionals with diverse experience and expertise. As on the date of this Report, the Board and Key Managerial Personnel of the Company are constituted as follows:

Sr. No.	NAME OF DIRECTOR/ KMP	DIN/PAN	DESIGNATION
1.	Rajesh Kumar Pandey	09745776	Managing Director
2.	Shashwat Agarwal	00122799	Non-Executive NonIndependent Director
3.	Rahul Bahukhandi	07845565	Chairman & NonExecutive Director
4.	Gyan Singh	07385171	Independent Director
5.	Yugank Gadi	10734950	Independent Director
6.	Sushila Aggarwal	10918000	Independent Director
7.	Kaushal Saxena	CXJPS6423F	Company Secretary
8.	Gaya Prasad Gupta	AFUPG4207L	Chief Financial Officer (CFO)

2. Change in Directors and Key Managerial Personnel

During the year under review and up to the date of this report, the following changes took place in the Board of Directors and Key Managerial Personnel of the Company:

a) Mrs. Sushila Aggarwal (DIN: 10918000), who was appointed as an Additional Director of the Company in the Board Meeting held on

27.01.2025, was regularised as a Non-Executive Independent Director at the Annual General Meeting held on 11.09.2025.

b) Ms. Kavita Awasthi (DIN: 03106803) ceased to hold office as an Independent Director of the Company with effect from 03.04.2025 , upon completion of her second term of five consecutive years, in accordance with the provisions of the Companies Act, 2013.

c) Mr. Sharad Pal resigned from the office of Chief Financial Officer (CFO) of

the Company, and Mr. Gaya Prasad Gupta was appointed as the Chief Financial Officer (CFO) of the Company with effect from 04.07.2025.

d) Ms. Meghna Bansal resigned from the office of Company Secretary and Compliance Officer of the Company with effect from 17.07.2025, and Mr. Kaushal Saxena (Membership No.: F10423) was appointed as the Company Secretary and Compliance Officer of the Company with effect from the same date.

e) In accordance with the provisions of Section 152 of the Companies Act, 2013, and the Rules framed thereunder, Mr. Rahul Bahukhandi (DIN: 07845565) retires by rotation at the ensuing Annual General Meeting and, being eligible, offers himself for re-appointment. The directors recommend his reappointment.

The Board of Directors, as constituted, is in conformity with the provisions of the Companies Act, 2013, read with the rules made thereunder, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

3. Declaration by the Independent Directors of the Company:

Pursuant to the provisions of Section 149(6) of the Companies Act, 2013, and Regulation 16 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, every Independent Director is required to furnish a declaration confirming that they meet the criteria of independence, at the first Board Meeting in which they participate as a Director, and thereafter at the first Board Meeting held in every financial year.

The Company has received the requisite declarations from all its Independent Directors affirming their independence. The Board confirms that there has been no change in the circumstances affecting their status as Independent Directors during the year under review.

Further, in accordance with Regulation 36 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the requisite details of Directors proposed for appointment or re-appointment have been included in the Notice convening the ensuing Annual General Meeting.

BOARD, COMMITTEE, AND GENERAL MEETINGS

i. Board Meetings:

During the financial year 2025-26, the Board of Directors met 7 (Seven) times. The intervening gap between any two meetings was within the period prescribed under the Companies Act, 2013. The meetings were held on 25.04.2025,

10.05.2025, 04.07.2025,17.07.2025,11.08.2025, 07.11.2025, and 29.01.2026. Details of Directors attendance and other particulars are given below:

Director	Designation	No. of Board Meetings held	No. of Board Meetings attended	Last AGM Attendance (Yes/No)	Number of Memberships on the Boards of other public companies
Shashwat Agarwal	Non Executive Non Independent Director	7	7	Yes	1
Rajesh Kumar Pandey	Executive Director, Chairman, MD	7	7	Yes	0
Gyan Singh	NonExecutive - Independent Director	7	7	Yes	3
Rahul Bahukhandi	Non-Executive Director	7	7	Yes	6
Yugank Gadi	Non-Executive - Independent Director	7	7	Yes	2
*Sushila Aggarwal	Non-Executive Independent Director	7	7	Yes	2

*During the financial year under review, Mrs. Sushila Aggarwal was regularised as a Non-Executive Independent Director in the Annual General Meeting held on

11.09.2025.

ii. COMMITTEES OF THE BOARD:

1) Audit Committee:

The Company has in place a duly constituted Audit Committee in accordance with the provisions of Section 177 of the Companies Act, 2013, read with Regulation 18 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company has also established a vigil mechanism for Directors and employees to report concerns relating to unethical behaviour, actual or suspected fraud, to the management.

Members	Designation	Meeting Held	Meeting Attended
Mr. Gyan Singh	Chairman, Independent Director	4	4
Mr. Shashwat Agarwal	Member, Non-Executive Non-Independent Director	4	4
Mrs. Sushila Aggarwal	Member, Non-Executive Independent Director	4	4

*Ms. Kavita Awasthi ceased to be a member due to the completion of her second term as an Independent Director on 03.04.2025, and Mrs. Sushila Aggarwal was admitted as a member of the Committee on 27.01.2025.

Committee Meeting Dates during the year: 10.05.2025,17.07.2025, 07.11.2025, and 29.01.2026.

2) Nomination and Remuneration Committee:

The Company has in place a duly constituted Nomination and Remuneration Committee in accordance with the provisions of Section 178 of the Companies Act, 2013, read with Regulation 19 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Committee is responsible for identifying individuals qualified to be appointed as Directors and to senior management positions, in accordance with the criteria laid down by the Company.

Members	Designation	Meeting Held	Meeting Attended
Mrs. Sushila Aggarwal	Chairperson, Non-Executive Independent Director	2	2
Mr. Shashwat Agarwal	Member, Non-Executive Non-Independent Director	2	2
Mr. Gyan Singh	Member, Non-Executive Independent Director	2	2

*Ms. Kavita Awasthi ceased to be a member and Chairperson of the Committee with effect from 03.04.2025, consequent upon completion of her second term as an Independent Director, and Mrs. Sushila Aggarwal was inducted as a member and appointed as Chairperson of the Committee with effect from 27.01.2025. Committee Meeting Dates during the financial year: 17.07.2025 and 29.01.2026.

3) Stakeholder Relationship Committee:

The Stakeholder Relationship Committee has been constituted in accordance with the provisions of Section 178 of the Companies Act, 2013, read with Regulation 20 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Committee has been constituted to specifically look into shareholders grievances, including matters relating to transfer and dematerialisation of shares. It has also been vested with the authority to approve transfer/transmission of shares, issue of new or duplicate share certificates, subdivision or splitting of shares, and other related matters. There were no investor complaints pending as on 31.03.2026.

Members	Designation	Meeting Held	Meeting Attended
Mrs. Sushila Aggarwal	Chairperson, Non-Executive Independent Director	1	1
Mr. Shashwat Agarwal	Member, Non-Executive Non-Independent Director	1	1
Mr. Gyan Singh	Member, Non-Executive Independent Director	1	1

*Ms. Kavita Awasthi ceased to be a member and Chairperson of the Nomination and Remuneration Committee (NRC) with effect from 03.04.2025, consequent upon completion of her second term as an Independent Director, and Mrs. Sushila Aggarwal was inducted as a member and appointed as Chairperson of the Committee with effect from 27.01.2025.

Committee Meeting Date during the financial year: 11.08.2025.

Mr. Kaushal Saxena , the Company Secretary cum Compliance Officer of the Company, provided secretarial support to the aforesaid committees during the year.

M/s V. Agnihotri & Associates , Practicing Company Secretaries, Kanpur, is conducting the Reconciliation of Share Capital Audit Report of the Company.

INDEPENDENT DIRECTORS MEETINGS

In accordance with the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a meeting of the Independent Directors of the Company was held on 29th January 2026, without the presence of Non-Independent Directors and members of the Management.

At the meeting, the Independent Directors, inter alia:

- Reviewed the performance of the Non-Independent Directors and the Board as a whole;

- Evaluated the performance of the Chairman, taking into account the views of the Executive and Non-Executive Directors; and

- Assessed the quality, quantity, and timeliness of the flow of information between the Management and the Board, which is essential for the Board to effectively discharge its responsibilities.

The Independent Directors expressed their satisfaction with the overall functioning and effectiveness of the Board and its Committees.

BOARD EVALUATION

The Chairman informed the Board that, in alignment with corporate governance standards and its best practices, it is essential to evaluate the performance of all the Individual Directors of the Company, whether it is Executive or Non-Executive, along with the Directors and committees of the board participating in the decisionmaking of the Company.

- Evaluation of Individual Directors of the Board

Thereafter, the Board assessed the performance of the individual directors, demonstrating strong leadership and strategic oversight by contributing effectively to decision-making and long-term planning. They adhere to corporate governance and compliance standards, ensuring ethical and legal responsibilities are met.

Directors of the company actively engage in meetings, demonstrating preparedness and meaningful participation. Financial acumen and risk management capabilities are evident, with directors displaying an understanding of financial reports and fiduciary duties.

Additionally, directors maintain productive engagement with stakeholders, fostering positive relationships with shareholders, employees, and other key parties. Collaboration within the Board is strong, with directors working effectively as a team to achieve corporate objectives.

- EVALUATION OF COMMITTEES WORKING

In adherence to corporate governance best practices, the Board conducted an evaluation of its committees to assess their effectiveness in fulfilling their respective mandates. The assessment highlights the following:

I. Audit Committee

The Audit Committee operates with diligence in overseeing financial reporting, internal controls, and compliance with regulatory requirements. It ensures transparency in financial disclosures and risk management while actively engaging with auditors to uphold governance integrity.

II. Nomination and Remuneration Committee (NRC)

The NRC effectively oversees leadership appointments, performance evaluations, and executive remuneration policies. It ensures fair and transparent selection processes, aligning compensation structures with the companys strategic objectives and shareholder interests.

III. Risk Management Committee

This Committee plays a vital role in identifying, assessing, and mitigating risks that could impact the companys operations. It maintains a proactive approach to risk oversight, ensuring business continuity and resilience through comprehensive risk assessment frameworks.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Companies Act, 2013, the Board of Directors, to the best of their knowledge and ability, state the following:

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

b. That directors have selected such accounting policies and applied consistently, and judgments and estimates that are reasonable and prudent 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 loss of the Company for that period.

c. The Directors 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 Directors have prepared the annual accounts on a going concern basis.

e. The Directors have laid down such internal financial controls that are adequate and operating effectively.

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

AUDITORS & AUDITORS REPORT

M/s Srivastava S & Co. Chartered Accountants (ICAI Firm Registration No. 015187C ), Statutory Auditors of the Company, conducted the statutory audit of the Company for the current financial year. The auditors report for the Financial Year 2025-26 does not contain any qualifications, reservations, or adverse remarks, and Notes to the financial statements referred in the Auditors Report are self-explanatory and therefore, do not call for any comments under Section 134 of the Companies Act, 2013.

SECRETARIAL AUDITORS REPORT

Pursuant to the provisions of Section 204 of the Companies Act, 2013, read with the applicable rules, M/s V. Agnihotri & Associates , a peer-reviewed Practicing Company Secretaries Firm, Kanpur, continues to act as the Secretarial Auditor of the Company, having been appointed for a term of five consecutive years, commencing from financial year 2025-26 till financial year 2029-30, pursuant to the approval accorded by the members at the previous Annual General Meeting.

The Secretarial Audit Report for the financial year ended March 31, 2026, is annexed herewith and forms an integral part of this Report as Annexure - A.

The Secretarial Auditor has not made any adverse remark, qualification, or reservation in the said report.

RELATED PARTY TRANSACTIONS

All Related Party Transactions entered into by the Company during the financial year were conducted on an arms length basis and in the ordinary course of business, in compliance with the applicable provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Further, there were no materially significant related party transactions entered into by the Company with its Promoters, Directors, Key Managerial Personnel, or other designated persons that could give rise to a potential conflict with the interests of the Company at large.

All material contracts or arrangements entered into during the year were on an arms length basis and in the ordinary course of business. The requisite details of such transactions are provided in the financial statements and have also been disclosed in Form AOC-2, annexed herewith as Annexure-B, forming part of this Report.

CODE OF CONDUCT

The Company has in place a comprehensive Code of Conduct applicable to all Board Members and employees. All Board Members and employees have complied with the provisions of the Code in the conduct of the Companys day-to-day business operations. The Code sets out the principles and standards of ethical behaviour, integrity, and professionalism expected of Directors and designated employees, particularly in matters relating to workplace ethics, business practices, and stakeholder interactions.

The Code is available on the Companys website at www.nikkiglobal.com. All Board Members and Senior Management Personnel have affirmed compliance with the Code for the financial year under review.

SUBSIDIARIES, JOINT VENTURES, OR ASSOCIATE COMPANIES

The Company does not have any Subsidiaries, Joint Ventures, or Associate Companies.

VIGIL MECHANISM / WHISTLE BLOWER POLICY

The Company is committed to maintaining high standards of Corporate Governance and stakeholder responsibility. Accordingly, it has established a vigil mechanism, known as the Whistle Blower Policy, for Directors and employees to report instances of unethical behaviour, actual or suspected fraud, or violation of the Companys Code of Conduct. The policy provides adequate safeguards against victimisation of persons availing of the mechanism and also provides for direct access to the Chairman of the Audit Committee in appropriate or exceptional circumstances.

PREVENTION OF INSIDER TRADING

The Company has adopted a Code of Conduct for Prevention of Insider Trading in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended from time to time. The Code is aimed at regulating, monitoring, and reporting trading in the Companys securities by its Directors and designated employees.

The Code mandates pre-clearance of trades in the Companys securities and strictly prohibits trading while in possession of Unpublished Price Sensitive Information (UPSI), thereby ensuring transparency, fairness, and accountability in securities trading by persons with access to UPSI. To ensure compliance, the Company maintains a Structured Digital Database (SDD) as required under SEBI regulations and utilizes the NSDL PAN-blocking functionality. The Board of Directors oversees implementation of the Code, and all designated persons have submitted their compliance declarations for the financial year under review.

BUSINESS RISK MANAGEMENT

The Company has identified business operating risk as its principal area of concern. In order to safeguard its long-term interests and ensure its sustainability as a going concern, the Company has formulated and implemented a comprehensive Risk Management Policy.

The policy is designed to proactively identify, assess, and mitigate potential risks that could adversely affect the Companys operations, performance, or growth. The Risk Management Strategy, as approved by the Board of Directors, is implemented by the Companys Management and is reviewed periodically to keep pace with the evolving business environment.

CORPORATE SOCIAL RESPONSIBILITY STATEMENT

The provisions of Section 135 of the Companies Act, 2013, relating to Corporate

Social Responsibility, are not applicable to the Company.

STATEMENT OF PARTICULARS OF EMPLOYEES

Details pursuant to the provisions of section 197(12) of the Companies Act, 2013, read with rule 5 of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014, are as stated under: -

S. No. Requirement of Rule 5(1)	Disclosure
1 The ratio of remuneration of each director to the median remuneration of the employees for the financial year.	Mr. Rajesh Kumar Pandey , Managing Director, drew remuneration equivalent to 2.58 times the median remuneration of employees/KMP for the financial year.
2 Percentage increase in remuneration of each director, CFO, CEO, CS, or Manager in the financial year.	Percentage increase in remuneration of: a) Directors: N/A b) Managing Director: No increase c) Chief Financial Officer: No increase d) Company Secretary: No increase
3 The percentage increase/decrease in the median remuneration of employees in the financial year.	The median remuneration of employees decreased by approximately 36.34% during the financial year, primarily on account of a change in the composition of employees/KMPs during the year. Including transitions in the roles of Chief Financial Officer and Company Secretary, whose remuneration for the year reflects only their respective
	period of tenure rather than a full financial year.
4 The number of permanent Employees on the rolls of the Company	The Company had 3 (Three) permanent employees on its rolls as on 31st March, 2026.
5 Average percentile increases already made in the salaries of employees other than the managerial personnel in the last financial year, i.e., 2024-2025, and their comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for an increase in the managerial remuneration.	During the period under review, no Increment was made in the Remuneration of the Employees or any of the Directors.
6 Affirmation that the remuneration is as per the remuneration policy of the Company	We hereby affirm that the remuneration paid to the employees and Key Managerial Personnel (KMP) of the Company during the year under review was in accordance with the Remuneration Policy of the Company.

- Details of every employee of the Company as required pursuant to Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules,2014: -

> Drawing a salary of 1.02 Crore or above for the Year, if employed throughoutthe year-NIL

> Drawing a salary of 8.5 Lakhs p/m or above for a month, if employed for partof the year- NIL

> Drawing a salary more than the salary of MD and having 2% stake in the Company- NIL

- No Managing Director or Whole-Time Director of the Company is receiving any commission from the Company, as well as from the Holding Company or Subsidiary Company of the Company.

The information required under Section 134(3)(M) of the Companies Act, 2013, read withRule 8(3) of The Companies (Accounts) Rules, 2014, is as under: -

[A] Conservation Of Energy

- Energy conservation measures taken: The Company has implemented appropriate measures to ensure economical and efficient consumption of energy across its operations.

- Steps taken for utilizing alternate sources of energy: The Company has not undertaken any specific initiatives for towards the use of alternative sources of energy during the year under review.

- Capital investment in energy conservation equipment: As the

Company is not engaged in any manufacturing activity, this disclosure requirement is not applicable to the Company.

- Impact of the measures taken: The measures adopted have resulted in more efficient and cost-effective energy usage.

[B] Technology Absorption: As the Company is not engaged in any manufacturing activity, the disclosure requirements under this head are not applicable to the Company.

[C] Foreign Exchange Earnings and Outgo: There were no foreign exchange earnings or outgo during the financial year under review.

I Pursuant to the provisions of Regulation 15 (2) which are stated hereunder:

(2) The compliance with the corporate governance provisions as specified in regulations17, 77[17A,] 18, 19, 20, 21,22, 23, 24, 78[24A,] 25, 26,79[26A,]27 and clauses (b) to (i) and (t] of sub-regulation (2) of regulation 46 and para-C, D and E of Schedule V shall not apply, in respect of -

(a)listed entity having paid-up equity share capital not exceeding rupees ten crore and net worth not exceeding rupees twenty-five crore, as on the last day of the previous financial year.

[Provided that where the provisions of regulations 17 to 27, clauses (b) to (i) and (t) of sub-regulation (2) of regulation 46 and para-C, D and E of Schedule V become applicable to a listed entity at a later date, it shall ensure compliance with the same within six months from such date:]

[Provided further that once the corporate governance provisions as specified in regulations 17 to 27, clauses (b) to (i) and (t) of sub-regulation (2) of regulation 46 and para C, D and E of Schedule V become applicable to a listed entity, they shall continue to remain applicable till such time the equity share capital and the net- worth of such entity reduces and remains below the specified threshold for a period of three consecutive financial year]

The Company has filed the requisite intimation regarding non-applicability of Corporate Governance provisions with the Stock Exchange, together with a Certificate from a Practicing Company Secretary.

During the year under review, no significant or material orders were passed by any Regulator, Court, or Tribunal that would impact the going concern status of the Company or its future operations.

There were no complaints received during the financial year 2025-26, and hence no complaint is outstanding as on 31.03.2026 for redressal. Further, the Company ensures that there is a healthy and safe atmosphere for every woman employee at the workplace and has made the necessary policies for a safe and secure environment for women employees. The following is a summary of sexual harassment complaints received and disposed off during the year 2025-26:

-No. of Complaints received : NIL -No. of Complaints disposed off : NIL

DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS^® UNDER SUB-SECTION (12) OF SECTION 143, IF ANY

DETAILS OF APPLICATION MADE OR PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE 2016

During the year under review, no application was made, and no proceeding was pending against the Company under the Insolvency and Bankruptcy Code, 2016.

DETAILS OF DIFFERENCE BETWEEN THE AMOUNTS OF THE VALUATION DONE AT THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING A LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS, ALONG WITH THE REASON THEREOF

During the year under review, there was no one-time settlement of loans availed from Banks or Financial Institutions, and accordingly, this disclosure is not applicable.

MAINTENANCE OF COST RECORDS BY THE COMPANY

The provision relating to the maintenance of Cost Records are not applicable to the Company.

REGISTRATION OF INDEPENDENT DIRECTORS WITH INDEPENDENT DIRECTORS DATA BANK

In terms of the Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019, all existing and incoming Independent Directors are required to register with the Indian Institute of Corporate Affairs (IICA) for inclusion of their names in the Independent Directors Databank. All Independent Directors of the Company, namely Mr. Gyan Singh, Mr. Yugank Gadi, and Mrs. Sushila Aggarwal, have duly registered themselves with the Independent Directors Databank.

PERSONNEL

a) The employees of the Company continue to render their full co-operation and support to the Management. The Directors wish to place on record their appreciation to all the employees for their co-operation.

b) Information as per Section 197 (2) of the Act read with rules 5(2) and 5(3) of the companies (Appointment and remuneration of managerial personal) Rules, 2014 forming part of the Directors Report for the year ended 31st March, 2026 is not required to be furnished as no employees was employed for Rs.1,02,00,000/- or more per year or Rs.8,50,000/- or more per month for any part of the Year.

Pursuant to Section 92(3) of the Companies Act, 2013, the Annual Returns of the Company for the previous financial years are available on the Companys website at https://nikkiglobal.com/annual-return/ The Annual Return for the financial year 2025-26 shall be uploaded on the said website upon filing with the Registrar of Companies.

Details of the familiarisation programme conducted for Independent Directors are available on the Companys website at https://nikkiglobal.com/investors/

The Management Discussion and Analysis report is annexed in this Annual Report as Annexure C.

The Company has in place adequate internal financial controls with reference to its financial statements. During the year under review, such controls were tested, and no material weakness in their design or operation was observed.

The Company is committed to complying with all applicable provisions of the Maternity Benefit Act.

Your Directors take this opportunity to express their sincere gratitude to the customers, business partners, business associates, and bankers of the Company for their continued support during the year. The Directors also place on record their appreciation for the dedication and commitment shown by employees at all levels of the organisation.

FOR NIKKI GLOBAL FINANCE LIMITED

Sd/-	Sd/-
Rajesh Kumar Pandey	Shashwat Agarwal
Managing Director	Director
(DIN: 09745776)	(DIN:00122799)

Date: 17.08.2026 Place: New Delhi