Safecure Services Ltd Directors Report

To,

The Members Safecure Services Limited

(Formerly known as Safecure Services Private Limited)

The Board of Directors (hereinafter referred to as the Board) are pleased to present the Fourteenth Annual Report on the business and operations of Safecure Services Limited (hereinafter referred to as the Company) along with the audited Standalone and consolidated Financial Statements and Auditors Report thereon for the Financial Year (hereinafter referred to as FY) ended on March 31, 2026 (hereinafter referred to as the year under review).

Financial results:

Standalone and Consolidated Financial Results

				(Rs in Lakhs)
Particulars	Standalone	Consolidated
	For the Financial Year Ended March 31, 2026	For the Financial Year Ended March 31, 2025	For the Financial Year Ended March 31, 2026	For the Financial Year Ended March 31, 2025
Total Revenue	5506.95	6104.96	6707.03	7326.86
Total Expenses	(4972.54)	(5512.74)	(6081.76)	(6601.20)
Exceptional Items	-	-	-	-
Profit/(Loss) before Tax	534.41	592.22	625.27	725.67
Provision for:
a. Current Tax	-	(89.53)	(18.90)	(119.09)
b. Deferred Tax Liability (Asset)	0.66	11.89	(3.31)	8.64
c. Excess/(shortfall) provision for previous years		0.66		0.66
Profit/(Loss) after Tax	535.07	516.23	603.06	615.89
Other comprehensive income (Net of Tax)	7.38	(6.41)	-	(11.78)
Total comprehensive income	542.45	509.82	-	604.11
Earning per equity share
- Basic	6.54	7.24	7.44	8.58
- Diluted	6.54	7.24	7.44	8.58

2. Dividend:

Your Directors regret their inability to recommend any dividend for the financial year ended March 31, 2026.

Further during the year under review, the Company was not required to transfer any unpaid or unclaimed dividend to the Investor Education and Protection Fund.

3. Transfer to reserves, if any:

The details of transfer to reserves are provided in Note no. 11 of the financial statements for the year under review.

4. State of affairs of the Company:

The Company is engaged, directly and through its subsidiaries, in the business of providing security and allied services. The Companys direct operations comprise manned guarding and security training, event security management and interior fit-out projects. Through its subsidiaries, the Company is engaged in emergency response services, including loss prevention, asset protection and mobile patrolling; facility management services, including cleaning, housekeeping and pest control management; ATM management services, including repair and maintenance; and alarm monitoring and response services, including the installation of electronic security devices and systems.

The financial year ended March 31, 2026 was a year of stable operational and financial performance for the Company. During the year, the Company continued to focus on strengthening its core service lines, improving operational efficiencies and maintaining financial discipline, which enabled it to sustain profitability notwithstanding a moderation in revenue.

Standalone performance:

On a standalone basis, the total revenue of the Company for the financial year ended March 31, 2026 stood at R 5,506.95 lakhs, as against R 6,104.96 lakhs during the financial year ended March 31, 2025 (Previous financial year), representing a decline of 9.80%. The Company contained its total expenses at Rs 4,972.54 lakhs, as compared to Rs 5,512.74 lakhs in the previous year, reflecting the benefit of continued cost rationalisation. The Profit Before Tax for the year stood at Rs 534.41 lakhs, as against Rs 592.22 lakhs in the previous financial year. The Profit After Tax for the year amounted to Rs 535.07 lakhs, as against Rs 516.23 lakhs in the previous financial year, registering an increase of 3.65%. The Total Comprehensive Income for the year stood at Rs 542.45 lakhs, as compared to Rs 509.82 lakhs in the previous financial year.

Consolidated performance:

On a consolidated basis, the total revenue of the Company for the year stood at Rs 6,707.03 lakhs, as against Rs 7,326.86 lakhs in the previous financial year. The consolidated Profit Before Tax stood at Rs 625.27 lakhs, as compared to Rs 725.66 lakhs in the previous financial year, and the consolidated Profit After Tax stood at Rs 603.06 lakhs, as against Rs 615.87 lakhs in the previous financial year. The moderation in consolidated earnings is primarily attributable to lower revenue realisation across the groups service verticals during the year.

Outlook:

The Company continued to place emphasis on efficient utilisation of resources, prudent financial management and disciplined cost optimisation during the year under review. These measures enabled the Company to preserve its margins and sustain profitability despite the decline in revenue. Going forward, the management remains focused on strengthening operational capabilities, deepening customer relationships, expanding the service portfolio and pursuing opportunities for sustainable growth and long-term value creation.

Your Directors are confident that the Companys sound financial position, established business fundamentals and continued focus on operational excellence will support its future growth and enhance value for all stakeholders.

5. Change in the nature of business, if any:

There were no changes in the nature of main businesses of the Company during the year under review.

6. Share Capital:

i. Authorized Share Capital:

As on March 31, 2026, Authorised Share Capital of the Company was R 11,00,00,000 (Indian Rupees Eleven Crore) divided into 11000000 (One Crore Ten Lakh) equity shares of R 10 (Indian Rupees Ten) each.

During the year under review, there was no change in the authorized share capital of the Company.

ii. Issued, Subscribed and Paid-up Share Capital:

As on March 31, 2026, the Issued, Subscribed and Paid-up share capital of the Company was R 10,04,00,000 (Indian Rupees Ten Crore and Four Lakh) divided into 1,00,40,000 (One Crore and Forty) equity shares of face value of R 10/- (Indian Rupees Ten only) each.

(a) Buy Back of Securities:

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

(b) Sweat Equity:

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

(c) Bonus Shares:

The Company has not issued any bonus Shares during the year under review.

(d) Employee Stock Option:

The Company has not provided any Stock Options to the employees during the year under review.

(e) Rights Issue:

The Company has not issued any shares on rights issue basis during the year under review.

(f) Initial Public Offering:

During the year under review, your Company successfully completed its Initial Public Offering ("IPO") comprising a fresh issue of 30,00,000 (Thirty Lakh) equity shares of face value of Rs 10 (Indian Rupees Ten) each at an issue price of Rs 102 (Indian Rupees One Hundred and Two) per equity share, including a securities premium of Rs 92 (Indian Rupees Ninety Two) per equity share, aggregating to Rs 30,60,00,000 (Indian Rupees Rupees Thirty Crore Sixty Lakh Only).

Pursuant to the successful completion of the IPO and allotment of the aforesaid equity shares to eligible applicants, the equity shares of the Company were listed and commenced trading on the BSE Limited - SME Platform on November 06, 2025.

The IPO represents a significant milestone in the Companys growth journey and marks the Companys transition to a listed entity. The successful listing is expected to further enhance the Companys visibility, credibility and access to the capital markets.

For further details on the Share Capital, kindly refer to Note 10 of notes to Accounts of the financial statements

7. Events having major bearing on the Companys affairs after the end of the FY:

There were no events which occurred between the end of the financial year 2025-26 of the Company and this report date having a major bearing on the Companys affairs.

8. Material changes and commitments, if any, affecting the financial position of the Company:

There were no material changes and commitments affecting the financial position of the Company, other than specially disclosed in this report under particular head, occurred between the end of the financial year to which these financial statements relate to and till the date of this report.

9. 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 were no significant or material orders passed by the regulators or courts or tribunals impacting the going concern status and the Companys operations in the future.

10. Details of Subsidiaries, Joint Ventures or Associate Companies:

The Company has the following Subsidiary Company as on March 31, 2026: -

(a) Safesense Tech Services Private Limited:

A report of the performance and financial position of the above-mentioned Subsidiary Company is provided in AOC-1 which is annexed to the report Annexure A.

Further, the Company does not have any Associate Companies or Joint Venture during the year under the review.

Lastly, during the year under review, no Company has become or has ceased to be a Subsidiary, Joint Venture or Associate Company of the Company.

11. Board of Directors:

(a) Composition of the Board:

As of 31^st March 2026, the Board consisted of:

Sr. No. Name of Directors	Designation
1 Mr. Shailendra Mahesh Pandey	Chairman And Managing Director
2 Mrs. Ranju Shailendra Pandey	Director
3. Mr. Devendra Kumar Pandey	Independent Director
4. Mr. Subhag Rai Mehta*	Independent Director
5. Mr. Ramesh Kumar Jain	Independent Director
6. Mr. Nikit Shailendra Pandey	Whole Time Director

* Subsequent to the end of the year under review, and prior to the date of this Report, Mr. Subhag Rai Mehta (DIN: 03059832), Independent Director of the Company, resigned from his position as an Independent Director with effect from the close of business hours on Saturday, May 30, 2026

(b) Changes in the composition of the Board of Directors:

There were no changes in the composition of the Board of Directors during the year under review.

(c) Director liable to retire by rotation:

In accordance with the provisions of Companies Act, 2013 and Articles of association of the Company, Mr. Shailendra Mahesh Pandey (DIN: 06403434), Director of the Company, is liable to retire by rotation at this Annual General Meeting (AGM) and being eligible, is seeking re-appointment. The Members of the Company may refer to the accompanying Notice of the AGM for the profile of Mr. Shailendra Mahesh Pandey.

The Board hereby recommends his re-appointment.

(d) Declaration by the Independent Directors:

All Independent Directors of the Company have given declarations under Section 149(7) of the Act, that they meet the criteria of independence as laid down under Section 149(6) of the Act.

The Board is of the opinion that the Independent Directors possess the requisite expertise and experience and are persons of high integrity and repute. They fulfil the conditions specified in the Act as well as the Rules made thereunder and are independent of the Management.

Lastly during the year, the non-executive Directors of the Company had no pecuniary relationship or transactions with the Company, other than sitting fees, commission, and reimbursement of expenses incurred by them to attend the meetings of the Company.

(e) Number of Meetings of the Board:

The Board of Directors duly met 18 (Eighteen) times during the year under review in respect of which proper notices were given and the proceedings of the meetings were properly recorded and signed in the Minutes Book maintained for the purpose.

(f) Company Policy on Director Appointment, Remuneration and Annual Formal Evaluation:

The Company has in place a policy relating to Directors appointment, remuneration, and other related matters under Section 178(3) of the Companies Act, 2013.

Appointments and evaluations of the Independent Directors are governed by the Code for Independent Directors provided in Schedule IV of the Companies Act, 2013.

Pursuant to the provisions of the Companies Act, 2013, the Independent Directors at their meeting held on March 30, 2026, have carried out the annual performance evaluation of the non- Independent Directors individually as well as of the Chairman. Further, they have also assessed the quality, quantity and timeliness of the flow of information between the Companys management and the Board.

The policies of the Company can be accessed at https://safecure.in/investors.html.

(g) Committees of the Board:

The Company has the following Committees pursuant to the provisions of the Companies Act, 2013 read with relevant rules framed therein as on end of the financial year under review:

(i) Audit Committee:

The Company has a qualified and Independent Audit Committee which acts as a link between the Statutory and Internal Auditors and the Board of Directors. The terms of reference of the Audit Committee cover the matters specified for Audit Committee in the SEBI Listing Regulations and Section 177 of the Companies Act, 2013.

The Audit Committee (AC) consisted of the following Members as on March 31, 2026:

Sr. No. Name of the Members	Category	Designation
1. Mr. Ramesh Kumar Jain	Non-Executive Independent Director	Chairman
2. Mr. Subhag Rai Mehta*	Non-Executive Independent Director	Member
3. Mr. Shailendra Mahesh Pandey	Chairman and Managing Director	Member

• * Mr. Subhag Rai Mehta is no longer a member of the AC pursuant to his resignation from the position as a Director of the Company.

• Mr. Subir Kumar Verma was appointed as a Member of the AC with effect from August 31, 2026

• The Company Secretary of our Company acts as the secretary to the AC.

• The Audit Committee met 14 (Fourteen) times during the year under review.

• All recommendations of the audit committee were duly accepted by the Board of Directors.

(ii) Nomination and Remuneration Committee:

The Scope, function and terms of reference of the NRC is in accordance with

Section 178 of the Companies Act, 2013 read with Regulation 19 of the SEBI

Listing Regulations.

The Nomination and Remuneration Committee (NRC) consisted of the following Members as on March 31, 2026:

Sr. No. Name of the Members	Category	Designation
1. Mr. Ramesh Kumar Jain	Non-Executive Independent Director	Chairman
2. Mr. Subhag Rai Mehta	Non-Executive Independent Director	Member
3. Mr. Devendra Kumar Pandey	Non-Executive Independent Director	Member

• *Mr. Subhag Rai Mehta is no longer a member of the NRC pursuant to his resignation from the position as a Director of the Company.

• Mr. Subir Kumar Verma was appointed as a Member of the NRC with effect from August 31, 2026.

• The Company Secretary of our Company acts as the secretary to the NRC.

• The NRC met 2 (Two) times during the year under review.

• All recommendations of the NRC were duly accepted by the Board of Directors.

(iii) Stakeholders Relationship Committee:

The Stakeholders Relationship Committee is constituted according to Section 178 of the Companies Act, 2013 and SEBI Listing Regulations. The Committee ensures cordial investor relations and oversees the mechanism for redressal of investor grievances. The Committee specifically looks into redressing shareholders and investor complaints/grievances pertaining to share transfers, non-receipts of annual reports, non-receipt of dividend and other allied complaints.

The Stakeholder Relationship Committee comprises of the following Members:

Sr. No. Name of the Members	Category	Designation
1. Mr. Subhag Rai Mehta	Non-Executive Independent Director	Chairman
2. Mr. Shailendra Mahesh Pandey	Non-Executive Independent Director	Member
3. Mr. Devendra Kumar Pandey	Chairman and Managing Director	Member

• * Mr. Subhag Rai Mehta is no longer a member of the Stakeholder Relationship Committee pursuant to his resignation from the position as a Director of the Company.

• Mr. Subir Kumar Verma was appointed as the Chairman of the Stakeholders Relationship Committee in place of Mr. Subhag Rai Mehta with effect from August 31, 2026.

• The Company Secretary of our Company acts as the secretary to the Stakeholders Relationship Committee.

• The Stakeholders Relationship Committee met 1 (One) time during the year under review.

• There were no instances wherein the recommendation of the Stakeholders Relationship Committee was not accepted by the Board of Directors.

(h) Vigil Mechanism/ Whistle Blower Policy:

The Company has duly adopted a Whistle Blower Policy as a part of the Vigil Mechanism for the employees and officers (hereinafter referred to as "Whistle Blower") of the Company to report genuine concerns like fraudulent practices if any are being conducted, if there are instances of corruption, bribery and money laundering or if there are any breaches of the Code of Conduct.

Your Directors would like to inform that the no such concerns were received during the year under review.

(i) Directors Responsibility Statement:

In pursuance of Section 134 (3) (c) and (5) of the Companies Act, 2013, the Directors hereby confirm that:

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

(ii) the Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the FY and of the profit and loss of the Company for that period;

(iii) 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;

(iv) the Directors had prepared the annual accounts on a going concern basis;

(v) 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

(vi) 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.

(j) Management Discussion and Analysis Report:

The Management Discussion and Analysis, as required in terms of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, is annexed to this Report.

(k) Corporate Governance:

Pursuant to exemption available as per Regulation 15 of the SEBI (LODR) Regulations 2015, the reporting as per Para C, D and E of the Schedule V of said Regulations are not applicable to our Company. The Company has already filed necessary disclosure on the BSE portal stating the non-applicability of various provisions of SEBI (LODR) Regulations 2015.

12. Key Managerial Personnel:

During the year under review, the following changes took place in the Key Managerial

Personnel of the Company:

(a) Mr. Govind Chhabra tendered his resignation from the post of Company Secretary of the Company with effect from April 30, 2025.

(b) Ms. Harshita Singhal was appointed as Company Secretary of the Company with effect from May 12, 2025.

Thus, during the year under review the Key Managerial Personnel of the Company consisted of:

Sr. No. Name of Individual	Designation
1 Ms. Harshita Singhal	Company Secretary
2 Mr. Revati Raman Sharma	Chief Financial Officer
3 Mr. Shailendra Mahesh Pandey	Managing Director
4 Mr. Nikit Shailendra Pandey	Whole Time Director

However, following changes took place in the KMPs between the end of Financial Year and the date of this report:

a) Mr. Revati Raman Sharma tendered his resignation from the post of Chief Financial Officer of the Company with effect from July 19, 2026.

b) Mr. Nikit Shailendra Pandey has been appointed as a Chief Financial Officer of the Company from August 04, 2026

13. Auditors:

(a) Statutory Auditors:

M/s HRJ and Associates, Chartered Accountant, having firm registration number 138235W, were appointed as the Statutory Auditors of the Company, to hold office until the conclusion of the Annual General Meeting to be held in the for the financial year ending March 31, 2030.

M/s. HRJ and Associates, Practicing Chartered Accountants, have given their written consent and eligibility to act as the Statutory Auditors of your Company and have confirmed that the said appointment would be in conformity with the provisions of Section 139 and Section 141 of the Companies Act, 2013 read with the Companies (Audit and Auditor) Rules 2014.

(b) Auditors Report:

The Auditors Report on the Financial Statements of the Company for the year under review does not have any qualifications, disclaimers or adverse remarks.

(c) Details in respect of Frauds Reported by the Auditors under sub section (12) of Section 143 other than those reportable to the Central Government:

The Auditors of the Company have not reported any instances of fraud to the Board of Directors and Audit Committee during the year under review in terms of Section 143(12) of the Companies Act, 2013.

14. Disclosure on compliance with Secretarial Standards:

The Directors have devised proper systems to ensure compliance with the provisions of all applicable Secretarial Standards and such systems are adequate and operating effectively.

15. Secretarial Audit:

Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board appointed KNK & Co LLP, Company Secretaries in Practice, having firm registration number (FRN) L2018MH002800 to undertake Secretarial Audit of the Company for the year under review.

The Secretarial Audit Report submitted by KNK & Co. LLP is furnished as Annexure B and forms an integral part of this report.

The Secretarial Auditors report contains the following qualification in the report issued for the period under review:

1. The Company has delayed the filing of the prescribed e-Forms with the Registrar of Companies in few instances, beyond the timelines prescribed under the Companies Act, 2013, read with the rules made thereunder.

2. The Company has not complied with the provisions of Section 135 of the Companies Act, 2013. As against a Corporate Social Responsibility obligation of Rs 10.33 Lakhs for the financial year ended March 31, 2026, the Company has spent Rs 8.54 Lakhs, leaving an amount of Rs 1.79 lakhs unspent.

3. The Company has not complied with Section 135 of the Companies Act, 2013. Of the Corporate Social Responsibility amount for the financial year ended March 31, 2025, Rs 6.46 Lakhs remained unspent. That amount was neither transferred to the "Unspent Corporate Social Responsibility Account" within thirty days of the year end, as Section 135(6) of the Act requires for ongoing-project amounts, nor to a Fund specified in Schedule VII to the Act within six months of the year end, as the second proviso to Section 135(5) requires for all other amounts.

Managements response to qualifications:

The Management acknowledges the observations and is committed to ensuring compliance with the applicable provisions of the Companies Act, 2013 and the rules made thereunder. The delays/non-compliances, wherever applicable, were inadvertent and have been noted by the Management. The Company is taking appropriate steps to strengthen its internal processes, monitoring mechanisms and compliance framework to ensure timely statutory filings and compliance with the provisions relating to Corporate Social Responsibility. The Management will continue to monitor the compliance requirements and take necessary corrective measures, as applicable.

16. Deposits:

The Company has neither invited nor accepted any deposits during the year under review. Accordingly, no amount of principal or interest related thereto was outstanding as on March 31, 2026.

17. Unsecured Loans from Directors:

During the financial year under review, the Company has not taken any unsecured loans from its Directors and/or their relatives. Accordingly, there were no outstanding unsecured loans from Directors and/or their relatives as at March 31, 2026.

18. Particulars of Loans, Guarantees or Investments under Section 186 of the Companies Act, 2013:

The Company has made investments pursuant to Section 186 of the Companies Act, 2013, details of which are provided in Note No. 4A to the Financial statements for the year under review.

Further, during the year under review, the Company has not given any loans or provided any guarantees under the provisions of Section 186 of the Companies Act, 2013.

19. Extract of Annual Return:

Pursuant to Section 92(3) of the Act and Rule 12 of the Companies (Management and Administration) Rules, 2014, the Annual Return for FY 25 is uploaded on the website of the Company and the same is available on https://safecure.in/.

20. Particulars of contracts or arrangements with related parties:

All related party transactions under Section 188 of the Companies Act, 2013, entered into during the year under review were on an arms length basis and were in the ordinary course of business. There are no materially significant related party transactions made by the Company with its Promoters, Directors, Key Managerial Personnel or other designated persons which may have a potential conflict with the interest of the Company at large. The Company has also adopted a framework on related party transactions to ascertain the criteria of ordinary course of business and Arms Length Price

The transactions with related parties, along with the necessary disclosures and particulars thereof, have been appropriately disclosed in the financial statements of the Company.

21. Corporate Social Responsibility:

Pursuant to the provision of Section 135 of Companies Act, 2013, the details of Corporate Social Responsibility expenditure have been specified in Note No. 24 of Financial statements.

Pursuant to the Section 134(3)(o) of the Act read with Rule 9 of the Companies (Corporate Social Responsibility) Rules, 2014, the particulars of the Corporate Social Responsibility policy as required to be disclosed in the report is available on https://safecure.in/investors/Results%20For%20The%20Half-Year%20Ended%2030Th%20Se tember%202025.pdf.

The detailed Annual Report on the CSR activities undertaken by your Company during the year under review is annexed herewith as Annexure C.

22. Internal Control System and their adequacy:

The Company has duly established and maintained its internal controls and procedures with reference to the Financial Statements and have also evaluated its effectiveness. The internal control systems are commensurate with the nature of its business, the size and complexity of its operations and such systems existing in the organisation are adequate.

23. Internal audit:

The Company conducts its Internal and Statutory audit within the parameters of regulatory framework which is well commensurate with the size, scale, and complexity of its operations.

The Internal Auditors monitor the efficiency and effectiveness of the internal control systems in the Company. Significant audit observations and corrective actions thereon are presented to the Audit Committee.

24. Statement on remuneration of employees of the Company:

The Company has two Executive Directors, one of whom is the Managing Director of the Company.

(a) The particulars of the employees who are covered by the provisions contained in Rule 5(2) and rule 5(3) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are:

Employed throughout the year	Nil
Employed for part of the year	Nil

(b) The remuneration paid to all key management personnel was in accordance with remuneration policy adopted by the Company.

In terms of Section 136 of the Act, the reports and accounts are being sent to the members and others entitled thereto, excluding the information on employees particulars which is available for inspection by the members at the Registered office of the Company during business hours on working days of the Company up to the date of ensuing Annual General Meeting. If any member is interested in inspecting the same, such member may write to the Company Secretary in advance at secretarial@safecure.in.

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

The Company has zero tolerance for sexual harassment at workplace and has adopted a Policy on prevention, prohibition and redressal of sexual harassment at workplace in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Rules thereunder for prevention and redressal of complaints of sexual harassment at workplace.

The following is the summary of Sexual Harassment complaints received and disposed of during the Financial Year 2025 pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and Rules framed thereunder:

No. of cases as on April 1, 2024	No. of cases received during the year	No. of cases Disposed during the year	No. of cases pending as on March, 31, 2025
NIL	NIL	NIL	NIL

26. Compliance with the Maternity Benefit Act, 1961:

The Company remains fully compliant with the Maternity Benefit Act, 1961, along with all its applicable amendments and associated rules. We are committed to fostering a safe, inclusive, and supportive work environment for our women employees.

All eligible women employees are provided maternity benefits as mandated by law, which include paid maternity leave, nursing breaks, and protection from dismissal during their maternity period. Beyond legal compliance, the Company is mindful to ensure that maternity is never a ground for discrimination·whether in hiring, promotions, or day-to-day service conditions.

Our internal systems and HR policies are thoughtfully designed to reflect both the spirit and the letter of the law, ensuring dignity, respect, and care for all women during this important phase of life.

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

A. Conservation of Energy:

Your Company operates in a safe and environmentally responsible manner for the long-term benefit of all stakeholders. The Company works towards minimizing the impact of its operations on the environment and is committed to take effective measures to conserve energy, promote the use of renewable energy and drive energy efficiency in its operations.

The following steps were taken to conserve the energy:

1. The Company is constantly striving towards maintaining and installing energy efficient equipments in order to ensure conservation of energy;

2. The Company is optimizing its energy consumption and is in the process of installing alternate sources of energy. The Company is also in the process of identifying cheaper power sources in order to further reduce the energy consumption;

3. The Company is constantly undertaking effective measures to conserve energy and promote the use of renewable energy and drive energy efficiency in operations. During the financial year under review, no capital investments on energy conservation equipments were made.

B. Research and Development and Technology Absorption, Adaptation and Innovation:

During the year under review, the Company has not carried out any activities involving Research and Development. Further the Company has not acquired, developed, assimilated or utilized technological knowledge and capability from an external source.

The following was the foreign exchange earnings and outgos during the year under review:

(INR in Lakhs)

Particulars	FY 2025-2026	FY 2024-2025
Foreign Exchange Earnings	Nil	Nil
Foreign Exchange Expenses	Nil	Nil

28. Risk Management:

The Board of the Company has adopted Risk Management Policy to identify, analyse and assess the potential risks associated with the business operations of the Company thereby limiting the Company in achieving its objectives.

The internal controls and procedures established in the organisation are in line with risk management policy of the Company for timely and quick response to all the identified risks.

The Audit Committee has an additional oversight on the financial risks and controls.

The policy has been reviewed and updated by the Board of Directors at the regular intervals during the year under review for ensuring its effectiveness.

29. Code of conduct:

The Board of Director had approved a Code of Conduct which is applicable to the Board of Directors and Senior Management Personnel of the Company.

It is confirmed that all Directors and Senior Management Personnel have affirmed their adherence to the provisions of the Code of Conduct during the year under review.

30. One time settlement with Banks or Financial Institution:

There was no instance of one-time settlement with any Bank or Financial Institution.

31. Details of maintenance of cost record as specified by Central Government under section 148(1) of the Companies Act, 2013:

The Company was not required to maintain cost records as specified by the Central Government u/s 148(1) of the Companies Act 2013 for the year under review.

32. Proceedings initiated/pending under the Insolvency and Bankruptcy Code, 2016:

There is/was no proceeding initiated/pending under the Insolvency and Bankruptcy Code, 2016 during the year under review.

33. The details of difference between amount of the valuation done at the time of one time settlement and the valuation done while taking loan from the banks or financial institutions along with the reasons thereof:

Not Applicable.

34. Acknowledgements:

Your Directors wish to place on record their deep sense of appreciation for the devoted services of all the employees of the Company for its growth.

Your Directors also acknowledge with gratitude the help and support received from the Shareholders, Bankers, Customers, Exchanges, and Regulators and hope to continue to get such support in times to come.

For and on behalf of the Board of Directors of
Safecure Services Limited
Sd/-	Sd/-
Shailendra Mahesh Pandey	Nikit Shailendra Pandey
Managing Director	Whole-Time Director
DIN:06403434	DIN: 09559834
Date: August 31, 2026	Date: August 31, 2026