Ravi Leela Granites Ltd Directors Report

Dear Shareholders,

The Board of Directors of your Company has the pleasure in presenting their 36th Directors Report on the business and operations of Ravileela Granites Limited together with the Annual Audited Financial Statements for the Financial Year ended 31st March 2026.

FINANCIAL RESULTS:

The Company has prepared financial results in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 (the Act).

The financial performance of the Company for the financial year ended 31st March 2026 is summarized below:

(Rs. In Lakhs

S. No. Particulars	Year ended 31st March 2026	Year ended 31st March 2025
1. Revenue from Operations	5,739.55	4,124.29
2. Other Income	380.73	122.36
3. Total Income (1+2)	6,120.28	4,246.65
4. Total Expenses (Excluding Depreciation)	4,715.27	4,427.98
5. Depreciation & Amortization Expenses	196.49	193.79
6. Profit/ (Loss) before tax	1,208.52	(375.12)
7. Current tax	130.84	-
8. Prior Period Tax	(1.66)	(0.38)
9. Deferred tax	86.41	(53.95)
10. Profit/(Loss) for the year after tax	992.93	(320.79)

The Audited Financial Statements of your Company as on 31st March 2026, prepared in accordance with the relevant applicable Ind AS and provisions of the Companies Act, 2013 (the Act), forms part of this Report.

HIGHLIGHTS AND STATE OF AFFAIRS OF THE COMPANY:

During the financial year ended 31st March 2026, the Companys total income stood at Rs. 6,120.28 Lakhs, registering a growth of 44% as compared to Rs. 4,246.65 Lakhs in the previous financial year. The Profit for the year was Rs 992.93 Lakhs as against a loss in the previous year of Rs. 320.79 Lakhs.

MATERIAL EVENTS DURING THE FINANCIAL YEAR:

During the financial year under review, the Company has not undergone any material events that could affect the financial position of the Company.

CHANGE IN THE NATURE OF BUSINESS IF ANY:

During the financial year under review, there has been no change in the nature of business of the Company AUTHORIZED AND PAID-UP SHARE CAPITAL OF THE COMPANY:

The Authorized Share Capital of the Company stands at Rs. 12,00,00,000/- divided into 1,20,00,000 equity shares of Rs. 10/-each.

The issued share capital of the Company is Rs. 10,58,60,000/- divided into 1,05,86,000 equity shares of Rs. 10/- each.

The Paid-up Share Capital stands at Rs. 10,58,60,000/- divided into 1,05,86,000 equity shares of 10/- each.

There was no change in the share capital of the Company during the financial year under review.

• Buy Back of Securities: The Company has not bought back any of its securities during the financial year under review.

• Sweat Equity: The Company has not issued any sweat equity shares during the financial year under review.

• Bonus Shares: No bonus shares were issued during the financial year under review.

• Employees Stock Option Plan: The Company has not provided any Stock Option Scheme to the employees.

• Change in the capital structure resulting from restructuring: There was no restructuring exercise undertaken during the financial year under review.

• Change in voting rights: There were no such changes in voting rights during the financial year under review. TRANSFER TO RESERVES:

During the financial year under review, the Company did not transfer any funds to the Reserves in terms of the provisions of Section 123 of the Companies Act, 2013. However, the Profit for the financial year under review of Rs. 992.93 Lakhs was transferred to the reserves and surplus.

DIVIDEND:

The Board of Directors has resolved to not recommend any dividend for the financial year under review and has instead chosen to plough back the profits to support the Companys future growth and expansion plans.

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 dividend declared and paid during the last seven (7) years by the Company.

EVENTS SUBSEQUENT TO THE DATE OF FINANCIAL STATEMENT:

No material changes and commitments have taken place between the end of financial year under review and the date of this report that could have a material bearing on the financial position of the Company.

BOARD MEETINGS:

During the financial year under review, the Board of Directors of the Company met 5 (five) times on the following dates:

1. 28th May 2025

2. 13th August 2025

3. 19th Septem ber 2025

4. 12th Novem ber 2025

5. 13th February 2026

The requisite quorum was present at all the meetings. The interval between the meetings was within the period prescribed under the Companies Act, 2013. Notices were duly given, and the proceedings of the meetings were properly recorded and signed in the Minutes Book maintained for the said purpose.

DEPOSITS:

During the financial year under review, the Company has not accepted any deposits in pursuance of the Companies (Acceptance of Deposits) Rules, 2014.

DIRECTORS AND KEY MANAGERIAL PERSONNEL:

As on 31st March 2026, your Companys Board had 4 Directors comprising of One (1) Executive Woman Director, One (1) Non-Executive and Non-Independent Director, and Two (2) Independent Directors. The details of Board and Committee composition, tenure of directors, and other details are available in the Corporate Governance Report, which forms part of this Report.

In terms of the requirement of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations) the Board has identified core skills, expertise, and competencies of the Directors in the context of the Companys business for effective functioning. The key skills, expertise and core competencies of the Board of Directors are detailed in the Corporate Governance Report, which forms part of this Report.

APPOINTMENT/ REtAPPOINTMENT/ CESSATION/ CHANGE IN DESIGNATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:

During the financial year under review, following changes took place in the Directorships and Key Managerial Personnel:

Cessation:

Mr. Konduri Nanda Kumar ceased to be the Non-Executive, Independent Director of the Company w.e.f. 29th September, 2025 consequent to end of his term as an Independent Director.

Appointment:

Mr. Hari Prasad Atluri, on recommendation of Nomination and Remuneration Committee and the Board of Directors and approval of Members of the Company at the 35th Annual General Meeting, was appointed as the Non-Executive, Independent Director of the Company w.e.f. 30th September, 2025.

Apart from this, there were no changes in the composition of Directors and Key Managerial Personnel.

RETIREMENT BY ROTATION AND RE-APPOINTMENT OF DIRECTOR:

Pursuant to the provisions of Section 152 of the Act, read with the rules made thereunder and the Articles of Association of the Company, Mrs. Parvatha Samantha Reddy (DIN: 00141961), Whole time Director, is liable to retire by rotation at the ensuing Annual General Meeting (AGM). Being eligible, she has offered herself for re-appointment.

The Board recommends the re-appointment of Mrs. Parvatha Samantha Reddy as Whole-time Director of the Company for the approval of the Members. The requisite details of Mrs. Parvatha Samantha Reddy, as prescribed under Secretarial Standard-2 (SS-2) and Regulation 36 of the SEBI Listing Regulations are provided in the Notice convening the ensuing AGM.

Further, the Board of Directors, at its meeting held on 28th July 2026, based on the recommendation of the Nomination and Remuneration Committee, appointed Ms. Parvatha Harshini Reddy (DIN: 06948591) as an Additional Director of the Company, in the category of Non-Executive and Non-Independent Director, to hold office till the conclusion of the ensuing Annual General Meeting.

The Board recommends the regularisation and appointment of Ms. Parvatha Harshini Reddy as a Director (Non-Executive and Non-Independent) of the Company, for the approval of the Members at the ensuing AGM. The requisite details of Ms. Parvatha Harshini Reddy, as prescribed under SS-2 and Regulation 36 of the SEBI Listing Regulations, are provided in the Notice of the 36th AGM.

KEY MANAGERIAL PERSONNEL:

As on the date of this report, the following are Key Managerial Personnel (KMPs) of the Company as per Sections 2(51) and 203 of the Act:

• Mrs. Parvatha Samantha Reddy, Whole-time Director and Chief Financial Officer

• Mr. B. Venkateshwara Rao, Chief Executive Officer.

• Mr. Pritam Paul, Company Secretary and Compliance Officer.

DECLARATION FROM INDEPENDENT DIRECTORS:

Your Company has received declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence as prescribed under Section 149(6) of the Act and Regulation 16(1 )(b) of the SEBI Listing Regulations and there has been no change in the circumstances which may affect their status as an Independent Director. The Independent Directors have also given declaration of compliance with Rules 6(1) and 6(2) of the Companies (Appointment and Qualification of Directors) Rules, 2014, with respect to their name appearing in the data bank of Independent Directors maintained by the Indian Institute of Corporate Affairs.

CORPORATE GOVERNANCE REPORT:

The report on Corporate Governance as per Regulation 34(3) read with Schedule V of the SEBI Listing Regulations, is included as a part of this Report. The requisite certificate from R & A Associates, Company Secretaries, confirming the compliance with the conditions of Corporate Governance is annexed to the report and marked as Annexure-I.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

Management Discussion and Analysis Report as stipulated under Regulation 34 read with Schedule V, Part B of SEBI Listing Regulations, is presented in a separate section and is annexed to the report and marked as Annexure-ll.

BOARD EVALUATION:

Pursuant to the provisions of Schedule IV to the Act and the corporate governance requirements prescribed under the SEBI Listing Regulations, the Board of Directors of the Company has undertaken an annual evaluation of the performance of the Board, its committees and individual Directors.

A structured questionnaire was designed for the purpose of the evaluation, covering various aspects of the functioning and effectiveness of the Board and its Committees, including the adequacy of their composition, Board culture, discharge of duties and responsibilities, governance practices, strategic oversight and overall performance.

The performance evaluation of individual Directors was broadly based on parameters including their understanding of the Companys vision, objectives and business, skills, knowledge and experience, participation and attendance at meetings of the Board and its Committees, contribution to strategy and governance, quality of deliberations, interpersonal skills and overall contribution to the effective functioning of the Board.

In accordance with the applicable provisions, a separate meeting of the Independent Directors was held to review the performance of the Non-Independent Directors and the Board as a whole, taking into consideration the views of the Executive and Non-Executive Directors.

The outcome of the evaluation conducted by the Independent Directors was subsequently considered and discussed at the meeting of the Board of Directors. The Board also evaluated the performance of its Committees and individual Directors as part of the overall evaluation process.

The performance evaluation of the Independent Directors was undertaken based on parameters including adherence to ethical standards and integrity, ability to exercise objective and independent judgment in the best interests of the Company, contribution to Board deliberations, understanding of the Companys business and regulatory environment, and maintenance of confidentiality.

The Directors expressed their satisfaction with the evaluation process and its outcome. The Board found the overall performance of the Board, its Committees and individual Directors to be satisfactory. No material observations or concerns were raised during the evaluation process for the financial year under review.

EXTRACTS OF THE ANNUAL RETURN:

Pursuant to section 92(3) and section 134(3)(a) of the Act and Rule 12(1) of the Companies (Management and Administration) Amendment Rules, 2021, the Company has uploaded a copy of the Annual Return as on 31st March 2026 on the website of the Company and the web link for the same is

Web Link: https://www.ravileelagranites.com/annual

FAMILIARIZATION PROGRAMME OF INDEPENDENT DIRECTORS:

The Independent Directors of the Company are duly familiarised with their roles, rights and responsibilities through relevant documents, reports, internal policies and other necessary information provided to them to enable them to understand the Companys procedures, practices and operations.

The Company undertakes familiarisation programmes at regular intervals to provide the Independent Directors with an indepth understanding of the Companys business, strategy, operations, financial performance, governance framework and overall functioning. Such programmes are conducted through presentations and interactions with the management and senior management personnel of the Company. The Independent Directors also interact with the senior management team of the Company to gain a better understanding of the Companys business operations and strategic objectives.

The details of the familiarisation programmes conducted for the Independent Directors during the financial year under review, in accordance with Regulation 46(2)(i) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are available on the website of the Company and can be accessed at

Web Link: https://www.ravileelagranites.com/

POLICIES:

i. NOMINATION AND REMUNERATION POLICY:

The Company has formulated and adopted a Nomination and Remuneration Policy (NRC Policy) for its Directors, Key Managerial Personnel (KMP) and other employees of the Company. The NRC Policy lays down the guiding principles and framework for the Nomination and Remuneration Committee (NRC) in making recommendations to the Board of Directors in relation to the appointment, remuneration and other related matters concerning Directors, Managerial Personnel, Senior Management Personnel and other employees of the Company.

The NRC Policy also sets out the criteria for determining the qualifications, positive attributes and independence of a Director, as well as other matters prescribed under Section 178(3) of the Act and Regulation 19(4) read with Schedule II to the SEBI Listing Regulations.

The NRC Policy is available on the website of the Company for the information of stakeholders and can be accessed at Web Link: https://69de8a37-e3ee-4908-9328-f2a789141db2.filesusr.com/ugd/

0c49f3_591 fd281 e17547549bd57f02fa5267a5.pdf

ii. VIGIL MECHANISM / WHISTLE BLOWER POLICY:

Pursuant to the provisions of Sections 177(9) and 177(10) of the Act and Regulation 22 of the SEBI Listing Regulations, the Company has established a Vigil Mechanism / Whistle Blower Policy to provide a formal mechanism for Directors, employees and other stakeholders to report genuine concerns regarding any unethical behaviour, actual or suspected fraud, misconduct or violation of the Companys policies.

The Company is committed to conducting its business with the highest standards of integrity, honesty and ethical conduct and maintains a zero-tolerance approach towards any form of unethical behaviour, misconduct or wrongdoing. The Audit Committee reviews the functioning of the Vigil Mechanism / Whistle Blower Mechanism on a quarterly basis. During the financial year under review, no complaint or instance was reported under the Whistle Blower Policy.

The Whistle Blower Policy and Code of Business Conduct are available on the website of the Company for the information of stakeholders and can be accessed at

Web Link: https://69de8a37-e3ee-4908-9328-f2a789141db2.filesusr.com/ugd/

0c49f3_d0dadbf4065446b19858a573342fbcff.pdf

i i i. POLICY ON BOARD DIVERSITY:

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has formulated and adopted a Board Diversity Policy in accordance with Regulation 19(4) read with Part D of Schedule II to the SEBI Listing Regulations.

The Board Diversity Policy sets out the framework for achieving an appropriate balance of skills, experience, knowledge, expertise and diverse perspectives on the Board, with a view to supporting effective decision-making and good corporate governance. The Board Diversity Policy is available on the website of the Company for the information of stakeholders and can be accessed at

Web Link: https://69de8a37-e3ee-4908-9328-f2a789141db2.filesusr.com/ugd/

0c49f3_63d34a7a3c96450d8b0c21 e73b61 f8ce.pdf

iv. RISK MANAGEMENT POLICY:

Risk management is an integral part of the Companys strategy for enhancing stakeholder value and is embedded within its governance framework and decision-making processes across the organisation. The Company has formulated and implemented a Risk Management Policy to provide a structured framework for identifying, assessing, mitigating, monitoring and managing strategic, operational, financial and compliance-related risks.

In accordance with the Risk Management Policy, identified risks are discussed in detail with the respective functional heads to assess their potential impact, evaluate the adequacy of existing controls and mitigation measures, and develop appropriate strategies to minimise and manage such risks.

The Risk Management Committee meets periodically to review the Companys risk profile, identify emerging and new business risks, deliberate upon key risks and evaluate the adequacy and effectiveness of the mitigation measures put in place. The key risks identified by the Company, together with the corresponding mitigation measures, have been summarised in the Management Discussion and Analysis Report marked as Annexure - II.

v. PRESERVATION OF DOCUMENTSAND ARCHIVAL POLICY:

The Company has formulated and adopted a Policy on Preservation of Documents pursuant to Regulation 9 and Regulation 30(4) of the SEBI Listing Regulations. The Policy provides a framework for the proper preservation, safekeeping and maintenance of the records and documents of the Company, while ensuring compliance with applicable statutory and regulatory requirements and avoiding unnecessary accumulation of records.

vi. POLICY ON DISCLOSURE OF MATERIAL EVENTS/ INFORMATION:

The Company has formulated and adopted a Policy for Determination of Materiality of Events or Information in accordance with the requirements of Regulation 30 of the SEBI Listing Regulations.

The objective of the Policy is to provide a comprehensive framework for determining the materiality of events or information relating to the Company and to ensure timely, adequate and appropriate dissemination of such material

events or information to the Stock Exchanges and other stakeholders, in accordance with the applicable provisions of the SEBI Listing Regulations. The Policy also establishes an overall governance framework for the identification, assessment and disclosure of material events or information.

vii. POLICY ON RELATED PARTY TRANSACTIONS:

All Related Party Transactions entered into by the Company during the financial year under review were in compliance with the applicable provisions of law and the Companys Policy on Related Party Transactions. All such transactions were entered into with the prior approval of the Audit Committee and the Board of Directors, wherever applicable.

The Related Party Transactions entered into during the financial year were on an arms length basis and in the ordinary course of business. The particulars of contracts or arrangements with related parties are set out in the prescribed Form AOC-2, enclosed herewith as Annexure-V.

The disclosures of Related Party Transactions, as required under the applicable provisions of the Companies Act, 2013 and the SEBI Listing Regulations, are provided in the Notes to the Financial Statements forming part of this Annual Report.

The Related Party Transactions Policy as approved by the Board is hosted on the Companys website i.e https:// 69de8a37-e3ee-4908-9328f2a789141db2.filesusr.com/ugd/0c49f3_fcbbed3e1e334800bf15838bfeaa8d61.pdf

viii. INSIDER TRADING POLICY:

The Board of Directors have adopted an Insider Trading Policy in accordance with the requirements of the SEBI (Prohibition of Insider Trading) Regulations, 2015 (SEBI PIT Regulations). The Policy establishes the framework, guidelines and procedures to be followed by Directors, employees and other designated persons while dealing in the securities of the Company, including the requirements relating to disclosures and the consequences of any violation thereof.

The Policy has been formulated with the objective of regulating, monitoring and reporting trading in the securities of the Company by designated persons and ensuring adherence to the highest standards of integrity, transparency and ethical conduct in dealing in the securities of the Company.

The Insider Trading Policy, including the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information and the Code of Conduct for Prevention of Insider Trading, is available on the website of the Company and can be accessed at https://69de8a37-e3ee-4908-9328-f2a789141db2.filesusr.com/ugd/ 0c49f3_44f7c70907374caeb861b7733ab6e3b3.pdf

DIRECTORS RESPONSIBILITY STATEMENT:

In pursuance of Section 134(5) of the Companies Act, 2013, the Directors hereby confirm that:

a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

b) 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 as on 31st March 2026 and Profit and Loss Statement of the Company for that period;

c) The Directors had 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 had prepared the annual accounts for the financial year 31 st March 2026 on a going concern basis;

e) 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; and

1) 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.

INFORMATION ABOUT THE FINANCIAL PERFORMANCE/ FINANCIAL POSITION OF THE SUBSIDIARIES /ASSOCIATES:

During the financial year under review, the Company did not have any subsidiary, joint venture or associate company. Accordingly, the provisions relating to disclosure of financial performance or financial position of subsidiaries, joint ventures or associate companies are not applicable to the Company.

PARTICULARS OF EMPLOYEES:

The Directors place on record theirsincere appreciation for the valuable contribution and dedicated efforts of the employees at all levels, who have contributed significantly to the performance and progress of the Company during the financial year under review.

During the financial year under review, none of the employees of the Company received remuneration exceeding ^8,50,000 per month or ^ 1,02,00,000 in aggregate per annum, being the limits prescribed under Section 197(12) of the Act read with Rules 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

The particulars as required under Section 197(12) of the Act read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, including the details of the top ten (10) employees in terms of remuneration drawn, are annexed to this Report and form part of Annexure-lll.

STATUTORY AUDITORS:

M/s. K Vijayaraghavan & Associates LLP, Chartered Accountants (ICAI Firm Registration Number S200040) have carried out the Statutory Audit of the Company for the Financial Year 2025-26. The Statutory Auditors have not raised any qualification, observations or adverse remarks in their report. There were no frauds reported by the Statutory Auditors under the provisions of Section 143 of the Act.

M/s. K Vijayaraghavan & Associates LLP, Chartered Accountants were appointed byBoardasStatutoryAuditorsofthe Company, which has been approved by Members of the Company at the 32nd Annual General meeting held on 29th September2022 for the period of five (5) years i.e. upto conclusion of 37th Annual General Meeting of the Company to be held in the year2027. Hence, the tenure of the existing Statutory Auditors of the Company would expire at the conclusion of the 37th AGM of the Company.

INTERNAL AUDITORS:

In terms of Section 138 of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, the Company had appointed M/s. Dagliya &Co., Chartered Accountants, Hyderabad as the Internal Auditor of the Company for the financial year under review.

SECRETARIAL AUDITORS:

Pursuant to the provisions of Section 204 of the Act read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Members of the Company, at the 35th Annual General Meeting held on 30th September 2025, approved the appointment of M/s. R & A Associates, Company Secretaries, as the Secretarial Auditors of the Company for a period of five (5) consecutive financial years, commencing from the financial year 2025-26 and continuing until the conclusion of the 40th Annual General Meeting, to conduct the Secretarial Audit of the Company in accordance with the applicable provisions of the Act and the rules made thereunder.

Accordingly, M/s. R & A Associates, Company Secretaries, conducted the Secretarial Audit of the Company for the financial year 2025-26 and issued the Secretarial Audit Report in Form MR-3, which is annexed to this Report and marked as Annexure-IV.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE OUTGO:

The required information as per Section 134 of the Companies Act 2013 is provided hereunder:

A. Conservation of Energy:

(Amounts in Rupees)
Power:	2025-26	2024-25
No. of Units consumed	16,22,006	14,33,702
Unit Rate (Rs.)	9.49	9.60
Total Amount(Rs.)	1,53,95,685	1,37,57,473
Fuel:
No. of Units Consumed (Ltrs)	1,300	938
Unit Rate (per Ltr.) (Rs.)	96.74	96.64
Total Amount(Rs.)	1,25,762	90,604

B. Technology Absorption: All the Factors mentioned in Rule 8(3)(b) Technology Absorption are not applicable to the Company.

C. Foreign Exchange Earnings and Out Go:

The Foreign exchange out go and Earnings are as follows:

(Amounts in Crores)

Earnings:	2025-26	2024-25
Exports FOB	57.36	41.04
Foreign Exchange Outgo:
Import of RM, Consumables, Spares Capital goods and Foreign Travelling	3.68	3.19

CORPORATE SOCIAL RESPONSIBILTY POLICY:

During the financial year under review, the provisions relating to Corporate Social Responsibility (CSR) under Section 135 of the Act were not applicable to the Company, as the Company did not meet any of the prescribed thresholds of net worth of Rs. 500 crore or more, turnover of Rs. 1,000 crore or more, or net profit of Rs. 5 crore or more during the immediately preceding financial year.

However, for the financial year ended 31 st March 2026, the Company recorded a net profit of Rs. 9.93 Crores, pursuant to which the provisions of Section 135 of the Act have become applicable to the Company for the financial year 2026-27. Accordingly, the Board of Directors, at its meeting held on 28th July 2026, constituted the Corporate Social Responsibility Committee (CSR Committee) and approved the formulation of the CSR Policy with effect from the said date, in accordance with the applicable provisions of the Act and the rules made thereunder.

The composition of the CSR Committee constituted on 28th July 2026 is as follows:

S. No.	Name	Designation	Nature of Directorship
1.	Mr. Hari Prasad Atluri	Chairperson	Independent Director
2.	Mr. Sohrab Chinoy Kersasp	Member	Independent Director
3.	Ms. Parvatha Harshini Reddy	Member	Non-Executive Director

SECRETARIAL STANDARDS:

During the financial year under review, the Company has complied with the applicable provisions of Secretarial Standard -1 (SS-1 ) on Meetings of the Board of Directors and Secretarial Standard - 2 (SS-2) on General Meetings, 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.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

Except for the Non-Current Investments specified in Note No. 4 of the Financial Statements of the Company in quoted instruments, there were no loans, guarantees or investments made by the Company under Section 186 of the Companies Act, 2013 during the financial year under review.

DISCLOSURE OF INTERNAL FINANCIAL CONTROLS:

The Company has established and maintained adequate Internal Financial Controls (IFC) commensurate with its size, scale and nature of business, in accordance with the requirements of Section 134(5)(e) of the Companies Act, 2013. The IFC framework encompasses appropriate policies, procedures and controls designed to ensure the orderly and efficient conduct of the Companys business, safeguarding of assets, prevention and detection of frauds and errors, accuracy and completeness of accounting records, and timely preparation of reliable financial information.

The Company has also defined appropriate roles and responsibilities of the Board of Directors, Audit Committee, Independent Directors and Statutory Auditors in relation to the oversight, evaluation and effectiveness of the IFC framework.

The Company has appointed in-house Internal Auditors who periodically assess the adequacy and effectiveness of the internal controls established by the management and recommend appropriate improvements, wherever considered necessary.

The Audit Committee reviews and approves the annual internal audit plan and periodically reviews the progress of audits undertaken in accordance with the approved plan. The Audit Committee also reviews significant internal audit observations and findings, the status of implementation of audit recommendations and the adequacy and effectiveness of the internal control framework.

The Board of Directors periodically reviews the effectiveness of the IFC framework and ensures that appropriate corrective and preventive measures are undertaken wherever any deficiencies or lapses are identified.

Based on the assessments and reviews undertaken during the financial year under review, no material weakness or significant deficiency was identified in the Companys IFC that had a material impact or was reasonably likely to materially impact the Companys financial reporting.

The Statutory Auditors of the Company have independently evaluated and reported on the adequacy and operating effectiveness of the Companys IFC over financial reporting. The Auditors Report on the IFC over financial reporting forms part of the Independent Auditors Report on the Financial Statements of the Company.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES:

The policy on materiality of related party transactions and dealing with related party transactions as approved by the Board may be accessed on the Companys website at https://www.ravileelagranites.com/company-policies

The Directors draw the attention of the Members to Note No. 32 to the Financial Statements, which sets out the disclosures relating to Related Party Transactions entered into by the Company during the financial year under review.

MAINTENANCE OF COST RECORDS SPECIFIED BY THE CENTRAL GOVERNMENT UNDER SECTION 148 OF THE COMPANIES ACT, 2013:

In terms of the provisions of Section 148 and all other applicable provisions of the Companies Act, 2013, the maintenance of cost records is not applicable to the Company.

NON-EXECUTIVE DIRECTORS COMPENSATION AND DISCLOSURES:

None of the Independent Directors of the Company has any pecuniary relationship or transactions with the Company, its promoters or its Directors.

Mr. ParvatSrinivas Reddy, Non-Executive and Non-Independent Director of the Company, is the spouse of Mrs. Parvatha Samantha Reddy, Director of the Company. Accordingly, the relationship between Mr. Parvat Srinivas Reddy and Mrs. Parvatha Samantha Reddy is disclosed in accordance with the applicable provisions of the Companies Act, 2013 and the SEBI Regulations, 2015. Further, Mr. Parvat Srinivas Reddy has an economic interest in the Company by virtue of his shareholding therein.

POLICY ON SEXUAL HARASSMENT:

The Company would like to bring to the attention of its Members that it continues to follow a robust policy on Prevention, Prohibition and Redressal of Sexual Harassment of Women at Workplace. The Company has a Policy on Prevention, Prohibition and Redressal of Sexual Harassment of Women at Workplace and matters connected therewith or incidental thereto covering all the aspects as contained under The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

DISCLOSURE PERTAINING TO SEXUAL HARASSMENT OF WOMEN AT WORKPLACE:

The Company is committed to providing a safe and conducive work environment to its employees and has always believed in providing a safe and harassment free workplace for every individual working in premises through various interventions and practices. The Company always endeavors to create and provide an environment that is free from discrimination and harassment including sexual harassment. In this regard, the Company has constituted the Internal Complaints Committee (ICC) under the requirements of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013.

ICC Committee:

Name	Designation
Mrs. Parvatha Samantha Reddy	Whole-time Director and CFO
Mrs. S. Madhavi	Deputy Manager - Exports
Dasaripalla Joji	External Member

Further, as per the provisions of Section 22 of The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, it is mandatory for every organization to include in their Annual Report the number of cases filed and their disposal under the Act.

In light of the above, the Company would like to bring to the attention of the Members that during the financial year under review, there were no complaints received by the ICC Committee

1. Number of Sexual Harassment complaints received during the year	NIL
2. Number of Cases disposed of during the year	NIL
3. Number of cases pending for more than 90 days	NIL

MATERNITY BENEFIT COMPLIANCE:

The Company has complied with all the provisions of Maternity Benefit Act, 1961, including provisions relating to leave, maternity benefits and workplace support.

CYBER SECURITY

In view of increased cyber-attack scenarios, the cyber security maturity is reviewed periodically and the processes, technology controls are being enhanced in-line with the threat scenarios. Your Companys technology environment is enabled with real time security monitoring with requisite controls at various layers starting from end user machines to network, application and the data.

During the year under review, your Company did not face any incidents or breaches or loss of data in cyber security.

DETAILS OF SIGNIFICANT MATERIAL ORDERS PASSED BY REGULATORS, COURTS, TRIBUNALS, IMPACTING THE GOING CONCERN BASIS OF THE COMPANY:

During the financial year under review, there were no significant material orders passed by regulators, courts, tribunals, impacting the going concern basis of the Company.

DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION (12) OF SECTION 143 OF THE COMPANIES ACT, 2013, OTHER THAN THOSE WHICH ARE REPORTABLE TO CENTRAL GOVERNMENT:

During the financial year under review, there were no frauds reported by the auditors as per Section 143(12) of the Companies Act, 2013.

THE DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 DURING THE YEAR ALONG WITH THEIR STATUS AS AT THE END OF THE FINANCIAL YEAR:

During the financial year under review, no application was made by or against the Company or any proceeding is pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016).

DISCLOSURE ABOUT THE DIFFERENCE BETWEEN THE AMOUNT OF THE VALUATION EXECUTED AT THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE AVAILING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF:

During the financial year under review, no such settlements and valuation were undertaken.

APPRECIATION & ACKNOWLEDGEMENT:

Your Directors acknowledge with sincere gratitude for the trust reposed by all Stakeholders including Customers, Investors, Vendors, Bankers, Auditors, Consultants and Advisors and look forward to their continued patronage. The Directors are also grateful and pleased to place on record their appreciation for the excellent support, guidance and cooperation extended by the Government and State Government Bodies and Authorities, Financial Institutions and Banks. The Board also expresses its appreciation of the understanding and support extended by the shareholders and the continuing commitment and dedication shown by the employees of the Company.

For and on behalf of the Board of Ravileela Granites Limited

	Sd/-	Sd/-
	Parvatha Samantha Reddy	Parvat Srivinas Reddy
	Whole-time Director and	Director
	CFO	DIN:00359139
	DIN: 00141961	Add: H-No-7-1-214/12Ameerpet, Begumpet,
	Add: H-No-7-1-214/12, Ameerpet,	Secunderabad-500016
	Begumpet, Secunderabad-500016 Telangana, India	Telangana, India
Place: Hyderabad Date: 28 th July 2026