Raw Edge Industrial Solutions Ltd Directors Report

TO THE MEMBERS,

Your directors take pleasure in presenting the 21st Annual Report on the business and operations of your Company together with the Audited Accounts for the financial year ended 31st March, 2025.

1. FINANCIAL PERFORMANCE/ STATE OF AFFAIRS:

During the financial year ending 31st March, 2025, your company has recorded a total income of Rs. 44,82,96,662/-, marginally lower than the previous years Rs. 44,99,37,699/-. The Company incurred a Net Loss of Rs. 1,03,91,056/-, compared to Rs. 58,56,629/- in the prior year. However, with our strategic initiatives in place, we are optimistic about returning to growth and profitability, assuring our respected shareholders that we are on the path to future success. Financial performance of the Company for Financial Year 2024-2025 is summarized below: (Figure in rupees)

Particulars	2024-2025*	2023-2024*
Revenue from operations	44,78,26,923	44,96,79,800
Other Income	4,69,739	2,57,899
Total income	44,82,96,662	44,99,37,699
Profit/(Loss) before tax and Exceptional items	(34,84,193)	(75,41,284)
Exceptional items	-	-
Profit/ (Loss) before tax	(34,84,193)	(75,41,284)
Less: Tax Expenses
- Current Tax	-	-
- Deferred Tax	69,06,863	(16,84,655)
- Income tax of Previous years	-	-
Net Profit/ (Loss) For the Year	(1,03,91,056)	(58,56,629)

* Figures regrouped wherever necessary.

2. CHANGE IN NATURE OF BUSINESS, IF ANY

During the course of the Financial Year, the companys business operations and the nature of its activities have remained unchanged.

3. DIVIDEND:

We regret to announce to our respected shareholders that, due to the financial difficulties experienced this fiscal year, which have resulted in losses, the Board of Directors has made the difficult decision to refrain from declaring any dividends for the financial year 2024-25. This decision is made to ensure the financial stability and health of the company during this period of economic uncertainty. We are committed to taking decisive strategic actions to restore profitability and increase shareholder value, with a focus on long-term growth and sustainability. We appreciate your understanding and continued support as we work together to navigate these challenges and emerge stronger.

4. UNCLAIMED DIVIDEND:

There is no balance lying in unpaid equity dividend account.

5. TRANSFER TO RESERVES:

Company has not transferred any amount to general reserve.

6. SHARE CAPITAL

The paid-up Equity Share Capital of the Company as on 31st March, 2025 was Rs. 10,05,84,000/-. During the year under review, there is no change in the capital structure since previous year.

7. COMPOSITION OF BOARD AND ITS COMMITTEE

The detail of the composition of the board and its committees thereof and detail of the changes in their composition if any is given in Annexure I in the corporate governance report. The composition of the board and its committee is also available on the website of the company at https://rawedge.in/home1/company/management/board-of-directors/

8. NUMBER OF MEETING HELD DURING THE YEAR

The details of all meeting of Board of Directors and Committee meeting had taken place during the year and their details along with their attendance, is given in Annexure I.

The following meetings of the Board of Directors were held during the Financial Year 2024-25:

Sr. No.	Date of Meeting	Board Strength	No. of Directors Present
1	04-05-2024	6	6
2	18-05-2024	6	6
3	27-07-2024	6	6
4	10-08-2024	6	6
5	28-10-2024	6	6
6	13-02-2025	6	6
7	26-03-2025	6	6

9. CORPORATE GOVERNANCE

As per the Regulation 27 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 the Report on Corporate Governance of the Company in respect of compliance thereof are appended hereto and forming part of this report; is given in Annexure I.

10. DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to the requirement under Section 134(3)(c) and 134(5) of the Companies Act, 2013 with respect to Directors Responsibility Statement, it is hereby confirmed that:

1. In the preparation of the annual accounts for the year ended March 31, 2025, the applicable Accounting Standards have been followed and there are no material departures from the same;

2. The Directors have selected such Accounting Policies and applied them consistently and made judgments and estimates that were 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 & Loss of the Company for that period;

3. The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

4. The Directors had prepared the annual accounts of the Company on a ‘going concern basis; and

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

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

11. DECLARATION BY INDEPENDENT DIRECTOR

All the independent directors have submitted their disclosures to the Board that they fulfill all the requirements as stipulated in section 149(6) of the Companies Act, 2013. The Independent Directors of your Company have confirmed that they are not aware of any circumstance or situation, which could impair or impact their ability to discharge duties with an objective independent judgement and without any external influence. There has been no change in the circumstances affecting their status as Independent Directors of the Company so as to qualify themselves to be appointed as Independent Directors under the provisions of the Companies Act, 2013 and the relevant regulations. All the independent directors have cleared "Online Self-Assessment Test" examination with the Indian Institute of Corporate Affairs at Manesar.

SEPARATE MEETING OF INDEPENDENT DIRECTORS

In terms of requirement of Schedule IV of the Companies Act, 2013, the Independent Directors of the company have complied with the code of Independent Director. Independent Directors met separately on 13th February, 2025 to inter alia review the performance of Non-Independent Directors (including the Chairman), the entire Board and the quality, quantity and timeliness of the flow of the information between the Management and the Board.

12. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

As per the Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, the Management Discussion and Analysis of the financial condition and results of operations of the

Company under review, is annexed and forms an integral part of the Directors Report, is given in

Annexure II.

13. PARTICULARS OF EMPLOYEES AND RELATED DISCLOSURES

There was no employee drawing remuneration in excess of limits prescribed under section 197(12) of the Companies Act, 2013 read with Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. The Disclosures pertaining to remuneration as required under section 197(12) of the Companies act, 2013 read with rules 5 (1) of the Companies (appointment and remuneration of managerial personnel) Amendment rules, 2016 are annexed in Annexure III.

14. STATEMENT ON RISK MANAGEMENT/DEVELOPMENT AND IMPLEMENTATION OF A RISK MANAGEMENT POLICY:

Pursuant to the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board formally adopted steps for framing, implementing and monitoring the risk management plan for the company by way of Risk Management Policy. As a matter of policy, the risks are assessed and steps as appropriate are taken to mitigate the same. The risk management policy is placed on the companys website and available at the web link https://rawedge.in/wp-content/uploads/2025/05/10.-Risk-Management-Policy.pdf. During the financial year under review a statement on risk management including identification therein of elements of risk, if any, which in the opinion of the Board may threaten the existence of the company as per the provisions of Section 134(3)(n) of Companies Act, 2013; has been annexed in Annexure IV.

15. STATUTORY AUDITORS

The members at the 20th Annual General Meeting of the Company held on 23rd August, 2025 had appointed M/s. Pradeep K. Singhi & Associates, Chartered Accountants (having Firm Registration No. 126027W) are Statutory Auditors of the Company, to hold office for a term of five years i.e., from the conclusion of 20th Annual General Meeting till the 25th Annual General Meeting of the Company to be held in the year 2029. Thus, no further action is required in this regard.

16. SECRETARIAL AUDITOR

Your Board had appointed Mr. Ranjit Binod Kejriwal, Practicing Company Secretary to conduct Secretarial Audit for the financial year 2024-25.

Pursuant to the amendment notified in Regulation 24A by way of SEBI (LODR) (Third Amendment) Regulations,2024, with effect from 01st April, 2025, the company is required to appoint a Secretarial Auditor, who is a Peer Reviewed Company Secretary. In accordance with the above regulation, and on the recommendation of the Audit Committee, the Board of Directors proposed to appoint Mr. Ranjit Binod Kejriwal, Company Secretary in practice, (FCS: 6116, COP: 5985) and a Peer Reviewed Company Secretary, as the Secretarial Auditor of the Company, for performing Secretarial Audit of the Company for a period of five consecutive years commencing from 01st April, 2025 till 31st March, 2030.

The Secretarial Audit Report is annexed herewith in Annexure V. The Secretarial Auditors observation(s) in secretarial audit report and directors explanation thereto

a) Delay in filing Statement of Impact of Audit Qualifications or Declaration of unmodified audit report in XBRL Mode. The management hereby informs that due to inadvertence, Statement of impact of audit qualifications or Declaration of unmodified audit report in XBRL mode was filed delayed on 13.05.2024.

b) Name of two promoters, Siddharth Bimalkumar Bansal HUF and Sourabh Bimalkumar Bansal HUF holding NIL shares were inadvertently missed out and 748 shares held by Mr. Prashant Suresh Agarwal, Director and Chief Financial Officer of the company were reflected in "Resident Individual" category instead of "Key Managerial Personnel" category in the shareholding pattern filed on 12.04.2025 for the quarter ended 31.03.2025. The management hereby informs that on being aware, the company rectified the errors and filed the revised shareholding pattern on 03.05.2025 by adding the name of aforesaid promoters and disclosing the 748 shares held by Mr. Prashant Suresh Agarwal, Director and Chief Financial Officer in "Key Managerial Personnel" category.

c) Delay in filing disclosure in respect imposition of penalty of Rs. 10,61,46,804/- by Additional Commissioner, CGST & CE, Surat Commissionerate vide order dated 03.02.2025. The management hereby clarifies that the delay was due to the time required to conduct a thorough internal review of the demand notice, including determining its prima facie validity. The delay was inadvertent and not intentional.

d) Remuneration withdrawn by Mr. Prashant Suresh Agarwal (DIN: 10394966), Director and Chief Financial Officer (CFO) during the financial year 2024-25 exceeded the limits prescribed under Section 197 of the Companies Act, 2013 by Rs. 8.44 Lakhs. Mr. Prashant Suresh Agarwal took on significant additional responsibilities and roles beyond those originally envisaged, which is consistent with the remuneration paid to him. Recovery of remuneration from serving managerial personnel may demoralize the team and harm the companys ability to acquire or retain leadership talent. The company has now taken corrective action to align the remuneration within the statutory limits and has initiated necessary steps to ensure compliance in future years.

e) No expense has been recognized in the Statement of Profit and Loss for the year ended March 31, 2025, in respect of options granted under ESOP 2023 as required under Ind AS 102. As per the terms of the scheme, the vesting period is scheduled from end of 1-year up to the end of 11th year from the grant of options. The vesting period shall be determined by the Board based on the achievement of certain performance conditions. As of the reporting date, no performance conditions have been framed by the board, leading to inconclusive vesting period; accordingly, the management of the company has contended that it is not possible to record any expense due to uncertainty of vesting of ESOPs. The management hereby informs that as on the reporting date, the performance conditions required for vesting have not yet been finalized by the Board of Directors. In the absence of clearly defined vesting conditions, the vesting period remains indeterminate. Accordingly, the Company in unable to calculate the quantum of the same in the absence of norms, criteria, terms and conditions.

Hence, the Company has not recorded any expense in the Statement of Profit and Loss for the year ended March 31, 2025, due to uncertainty surrounding the vesting of the options.

17. INTERNAL AUDITOR

During the financial year, M/s. Mayank Shah & Co., Chartered Accountant, Surat, who were appointed as an internal auditor for the term of 5 years from F.Y. 2023-24 to 2027-28, have given their resignation on 02nd August, 2024 as an internal auditor of the company. The Board of Directors of the Company had appointed M/s. Aditya A Garg & Associates., Chartered Accountant, Surat as an Internal Auditor for the Financial Year 2024-25 in the meeting held on 10th August, 2024 after obtaining his willingness and eligibility letter for appointment as Internal Auditor of the Company. The Internal Auditor reports their findings on the Internal Audit of the Company to the Audit Committee on an annual basis. The Scope of Internal audit is approved by the Audit Committee.

18. COMMENTS ON AUDITORS REPORT

The notes referred to in the Auditors Report are self-explanatory and as such they do not call for any further explanation.

19. MAINTENANCE OF COST RECORDS

The company has maintained Cost Records as specified by Central Government under section 148(1) of the Companies Act, 2013, and accordingly such accounts and records are made and maintained.

20. PARTICULARS OF LOANS GUARANTEES AND INVESTMENTS

The Company has not given any loans or guarantees or made investments under section 186(4) of Companies Act, 2013.

21. SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE COMPANIES

The Company does not have any Subsidiary, Joint Venture or Associate Company.

22. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR

COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANYS

OPERATIONS IN FUTURE

There was no significant material order passed by the regulators or courts or tribunals impacting the going concern status and companys operation in nature.

23. CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES

Your Board endeavors that all contracts/ arrangements/ transactions entered by the Company during the financial year with related parties are in the ordinary course of business and on an arms length basis only. The Policy on Related Party Transactions is uploaded on the website of the company. The web link is https://rawedge.in/policies-related-to-company/. Further all related party transactions entered into by the company were in the ordinary course of business and were on an arms length basis are attached herewith in FORM NO. AOC-2 in Annexure VI.

24. ENERGY CONSERVATION MEASURES, TECHNOLOGY ABSORPTION AND R & D EFFORTS AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The requirements for disclosure in respect of Conservation of Energy, Technology Absorption, in terms of Section 134(3)(m) of the Companies Act, 2013 read with the rule 8 of Companies (Accounts) Rules, 2014 are annexed herewith in Annexure VII.

25. MATERIAL CHANGES

There have been no material changes occurred between the end of the financial year of the company to which the financial statements related and the date of the report, which is affecting the financial position of the company except for the following: The company has decided to diversify its operations by initiating a new line of business under the name "Raw Edge Agro". This division will be engaged in trading and distribution of Agro-based food products, with a focus on quality, consumer demand, and market scalability. For the aforesaid diversification, the company has sought approval of members for amending its object clause to add Agro business vide postal ballot dated 25th April, 2025. The Agro division is an extension of the Companys growth strategy to explore high-potential sectors and build a sustainable, diversified business model. Initial groundwork for procurement, vendor development, and channel establishment is currently underway.

26. CORPORATE SOCIAL RESPONSIBILITY (CSR)

The disclosures as per Rule 9 of Companies (Corporate Social Responsibility Policy) Rules, 2014 are not applicable to the Company for the Financial Year 2024-25.

27. BOARD EVALUATION

The board of directors has carried out an annual evaluation of its own performance, board committees and individual directors pursuant to the provisions of the Act and the corporate governance requirements as prescribed by the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 ("SEBI Listing Regulations").

The performance of the board was evaluated by the board after seeking inputs from all the directors on the basis of the criteria such as the board composition and structure, effectiveness of board processes, information and functioning, etc. The performance of the committees was evaluated by the board after seeking inputs from the committee members on the basis of the criteria such as the composition of committees, effectiveness of committee meetings, etc. The board and the nomination and remuneration committee reviewed the performance of the individual directors on the basis of the criteria such as the contribution of the individual director to the board and committee meetings like preparedness on the issues to be discussed, meaningful and constructive contribution and inputs in meetings, etc. In addition, the chairman was also evaluated on the key aspects of his role. In a separate meeting of independent directors held on 13th February, 2025, performance of non-independent directors, performance of the board as a whole and performance of the chairman was evaluated, taking into account the views of executive directors and non-executive directors. The same was discussed in the board meeting that followed the meeting of the independent directors, at which the performance of the board, its committees and individual directors was also discussed. Performance evaluation of independent directors was done by the entire board, excluding the independent director being evaluated.

28. DIRECTORS AND KEY MANAGERIAL PERSONNEL

In accordance with Section 152(6) of the Companies Act, 2013 read with the Articles of Association of the Company, Mr. Siddharth Bimal Bansal (DIN: 01553023), Non-Executive Director, retire by rotation and is being eligible has offered himself for re-appointment at the ensuing Annual General Meeting. The designation of Mr. Prashant Suresh Agarwal (DIN: 10394966) is proposed to be changed from

"Executive Director and Chief Financial Officer(CFO)" to "Whole-time Director and Chief Financial Officer(CFO)" as in the ensuing Annual General Meeting.

The Companys policy on Appointment and Remuneration of Directors and KMP is available on the website of the company at https://rawedge.in/policies-related-to-company/. Based on the confirmations received from Directors, none of the Directors are disqualified from appointment under Section 164 of the Companies Act, 2013.

The List of Board of Directors and Key Managerial Personnel (KMP) for the F.Y. 2024-25 is as follow:

S. No	Name	Designation	Appointment Date	Change in Designation Date	Resignation Date
1	Mr. Bimalkumar Rajkumar Bansal	Managing Director and Chairman	22/10/2012	14/02/2018	NA
2	Mr. Siddharth Bimal Bansal	Non- Executive Director	14/02/2005	NA	NA
3	Mr. Saurabh Kamalkishore Agarwal	Non- Executive Independent Director	14/02/2018	NA	NA
4	Mrs. Rachana Agarwal	Non- Executive Independent Director	26/08/2021	24/09/2021	NA
5	Mr. Pradeepkumar Rameshkumar Goyal	Non- Executive Independent Director	24/12/2018	23/09/2019	NA
6	Mr. Prashant Suresh Agarwal	Executive Director	28/11/2023	29/12/2023	NA
7	Mr. Prashant Suresh Agarwal	Chief Financial Officer	14/02/2018	NA	NA
8	Mr. Harsh Vimal Soni	Company Secretary & Compliance Officer	14/06/2023	NA	18/05/2024
9	Mr. Shaharyar Saiyad	Company Secretary & Compliance Officer	20/05/2024	NA	NA

The following changes have been made to the Directors and KMP of the company during the year: a. Mr. Harsh Vimal Soni resigned from the post of Company Secretary and Compliance Officer w.e.f. 18th May, 2024. b. Mr. Shaharyar Saiyad has been appointed as Company Secretary and Compliance Officer of the Company w.e.f. 20th May, 2024.

29. PUBLIC DEPOSIT

The company has not accepted deposits from the public during the financial year under review within the meaning of Section 73 of the Act of the Companies Act 2013, read with Companies (Acceptance of Deposits) Rules, 2014.

30. INTERNAL FINANCIAL CONTROL SYSTEM

The Company maintains a robust internal financial control system that effectively safeguards assets, ensures accurate authorization, recording, and reporting of transactions. Our comprehensive internal audit thoroughly examines operational aspects, ensuring adherence to established standards and the availability of suitable policies and procedures. Throughout the year, no significant weaknesses in design or operation were identified. The internal auditors independently evaluate the adequacy of internal controls and concurrently audit the majority of the transactions in value terms. Independence of the audit and compliance is ensured by direct

28 reporting of the internal auditor to the Audit Committee of the Board.

31. ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENTS

The Companies Act, 2013 re-emphasizes the need for an effective internal financial control system in the company. Rule 8(5) (viii) of Companies (Accounts) Rules, 2014 requires the information regarding adequacy of internal financial controls with reference to the financial statements to be disclosed in the boards report. The detailed report forms part of Independent Auditors Report.

32. WHISTLE BLOWER POLICY / VIGIL MECHANISM

Your Company has established a mechanism called Vigil Mechanism/Whistle Blower Policy for the directors and employees to report to the appropriate authorities of unethical behavior, actual or suspected, fraud or violation of the Companys code of conduct or ethics policy and provides safeguards against victimization of employees who avail the mechanism. The policy permits all the employees to report their concerns directly to the Chairman of the Audit Committee of the Company.

The Vigil Mechanism/Whistle Blower Policy as approved by the Board is uploaded on the Companys website. The web link is https://rawedge.in/policies-related-to-company/ .

33. CEO/ CFO CERTIFICATION

In terms of regulation 17(8) of the listing regulations, the CFO has certified to the board of directors of the company with regard to the financial statements and other matters specified in the said regulation for the financial year 2024-25. The certificate received from CFO is attached herewith as per Annexure VIII.

34. CODE OF CONDUCT

The Company has adopted code of conduct for board of directors and senior management personnel and this is strictly adhered to. During the year, board of directors and senior management personnel has complied with general duties, rules, acts and regulations in this regard certificate from managing directors as required under Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been received by the board and the same is attached herewith as per Annexure IX.

35. CERTIFICATION FROM COMPANY SECRETARY IN PRACTICE

Mr. Ranjit Binod Kejriwal, Practicing Company Secretary has issued a certificate required under the listing regulations, confirming that none of the Directors on the Board of the company has been debarred or disqualified from being appointed or continuing as director of the company by SEBI/Ministry of Corporate Affairs or any such statutory authority. The certificate is enclosed as Annexure X.

36. COMPLIANCE CERTIFICATE FROM THE AUDITORS REGARDING COMPLIANCE OF CONDITIONS OF CORPORATE GOVERNANCE:

Corporate Governance is a set of process, practice and system which ensure that the Company is managed in a best interest of stakeholders. The key fundamental principles of corporate governance are transparency and accountability. Companys core business objective is to achieve growth with transparency, accountability and with independency. Company has adopted various corporate governance standard and doing business in ethical way by which Company has enhance stakeholders trust, shareholders wealth creation by improving shares valuation, market capitalization, etc.

A certificate received from M/s. Pradeep K. Singhi & Associates, Statutory Auditors of the Company regarding compliance of the conditions of Corporate Governance, as required under Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached herewith as per

Annexure XI.

37. ANNUAL RETURN

As per the requirements of Section 92(3) of the Act and Rules framed thereunder, the extract of the Annual Return for FY 2024-25 is uploaded on the website of the Company and the same is available at http://rawedge.in/investors/annual-return/

38. ESOP PLAN

Pursuant to the Approval of the Members at the Annual General Meeting held on 22nd September, 2023, the Company adopted the ‘Raw Edge Industrial Solutions Limited Employee Stock Option Plan 2023 ("REISL ESOP 2023"). With a view to reward the eligible and potential Employees for their performance and to motivate them to contribute to the growth and profitability of the Company. The Company also intends to use this Scheme to attract and retain talents in the organization. The Company views Employee Stock Options as a means that would enable the Employees to get a Share in the value they create for the Company in future. The Company has Employee Stock Option Scheme namely, ‘Raw Edge Industrial Solutions Limited Employee Stock Option Plan 2023 ("REISL ESOP 2023"). During the year, the Company has granted 79,500 stock options under REISL ESOP 2023 scheme, out of which 3,000 stock options has lapsed. There are no changes made to the above Schemes during the year under review and these Schemes are in compliance with the SBEB Regulations 2021. The details of REISL ESOP 2023 pursuant to SEBI (Share Based Employee Benefits and Sweat Equity), Regulations, 2021, as at 31st March, 2025 is uploaded on the website of the Company at https://rawedge.in/policies-related-to-company/. In terms of Regulation 13 SEBI (Share Based Employee Benefits and Sweat Equity), Regulations, 2021, the Certificate from PCS Ranjit Binod Kejriwal, Secretarial Auditor, would be placed before the shareholders at the ensuing AGM and is also attached herewith as Annexure XII.

39. PREVENTION OF INSIDER TRADING

The Company has adopted a Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of trading by insiders and Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive with a view to regulate trading in securities by the Directors and designated employees of the Company. The Code requires pre-clearance for dealing in the Companys shares and prohibits the purchase or sale of Company shares by the Directors and the designated employees while in possession of unpublished price sensitive information in relation to the Company and during the period when the Trading Window is closed. The Board is responsible for implementation of the Code.

The Company has a Prohibition of Insider Trading Policy and the same has been posted on the website of the Company at https://rawedge.in/policies-related-to-company/ .

40. STATUTORY INFORMATION

The Company is in minerals industry and is the member of BSE Main Board Platform. Apart from this business, the Company is also providing transportation services.

41. INSURANCE

All the properties and the insurable interest of the company including building, plants and machinery and stocks wherever necessary and to the extent required have been adequately insured. The company keeps reviewing the insurance amount every year as per requirement.

42. SECRETARIAL STANDARDS ISSUED BY THE INSTITUTE OF COMPANY SECRETARIES OF INDIA (ICSI)

The Company complies with all applicable mandatory Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI).

43. FRAUD REPORTING

During the year under review, no fraud has been reported by Auditors under Section 143(12) of the Companies Act, 2013.

44. RESEARCH & DEVELOPMENT

The Company believes that technological obsolescence is a reality. Only progressive research and development will help us to measure up to future challenges and opportunities. We invest in and encourage continuous innovation. During the year under review, expenditure on research and development is insignificant in relation to the nature size of operations of your Company.

45. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

Our company goal has always been to create an open and safe workplace for every employee to feel empowered, irrespective of gender, sexual preferences, and other factors, and contribute to the best of their abilities. The Internal Committee (IC) has been constituted as per the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, and the committee includes external members from NGOs or with relevant experience. Half of the total members of the IC are women. The role of the IC is not restricted to mere redressal of complaints but also encompasses prevention and prohibition of sexual harassment. The Company did not receive any complaints on sexual harassment during the year 2024-25 and hence no complaints remain pending as of 31st March, 2025.

46. COMPLIANCE WITH MATERNITY BENEFIT ACT:

The company has complied with the provisions of the Maternity Benefit Act

47. APPRECIATION

Your Directors place on record their deep appreciation to employees at all levels for their hard work, dedication and commitment and express their sincere thanks and appreciation to all the employees for their continued contribution, support and co-operation to the operations and performance of the company.

48. ACKNOWLEDGEMENT

Your Directors would like to express their sincere appreciation of the co-operation and assistance received from Shareholders, Bankers, regulatory bodies and other business constituents during the year under review. Our Directors also wish to place on record their deep sense of appreciation for the commitment displayed by all executives, officers and staff, resulting in successful performance of the Company during the year.

Date: 01/08/2025	For Raw Edge Industrial Solutions Limited
Place: Surat
	Sd/-	Sd/-
	Bimalkumar Rajkumar Bansal	Prashant Suresh Agarwal
	Managing Director	Director & CFO
	(DIN: 00029307)	(DIN: 10394966)