Sheshadri Industries Ltd Directors Report

To,

The Members

SHESHADRI INDUSTRIES LIMITED

We have pleasure in presenting the 17th Director Report on the business and operations of Company and Financial Results for the year ended 31st March, 2026.

1. FINANCIAL HIGHLIGHTS

The Financial highlights of the company are as follows:

Rs. In lakhs

Particulars	2025-2026	2024-2025
Revenue from operations	2,824.65	2,820.02
Other Income	580.76	625.84
Total Income	3,405.41	3,445.86
Profit before Interest, Depreciation and Tax	761.82	670.94
Less: Financial cost	147.86	147.60
Less: Depreciation	170.52	167.97
Profit before Exceptional and Extraordinary items and tax	443.44	355.37
Add: Exceptional items	-227.82	479.96
Profit / (Loss) before tax	215.62	835.33
Less: Current Tax	-	-
Less: Earlier Year Tax	0.01	(1.88)
Profit / (Loss) after tax	215.61	837.21

During the year under review, the Company recorded a turnover of Rs. 2,824.65 Lakhs and earned a profit before exceptional items and tax of Rs. 443.44 Lakhs, as against Rs. 355.37 Lakhs in the previous year. After accounting for exceptional items, the Companys profit before tax stood at Rs. 215.62 Lakhs (previous year: Rs. 835.33 Lakhs) and profit after tax at Rs. 215.61 Lakhs (previous year: Rs. 837.21 Lakhs).

2. OPERATIONS

During the year under review, the Company achieved a total turnover of Rs. 2,824.65 Lakhs, which is higher than that of the previous year on a comparable basis. During the previous financial year, the Company had also earned commission income, apart from manufacturing of yarn. The textile value chain from fibre to apparel witnessed lower demand due to elevated inflation in the domestic and international markets, and tariff announcements during the year also created negative sentiment in the market. As Cotton Spinning continued to incur significant losses, the Company continued its operations in recycled polyester spun yarn (Recycled PES), which continues to see better demand and has remained the Companys product mix through the current financial year as well. The operations for the year ended 31.03.2026 earned a profit before tax of Rs. 443.44 Lakhs, as compared to a profit of Rs. 355.37 Lakhs in the previous year.

3. CHANGE IN THE NATURE OF BUSINESS, IF ANY:

There was no change in nature of business activity during the year under review.

4. CHANGE IN SHARE CAPITAL

The paid up Share capital of the company is Rs. 49,595,770 and there has been no change in paid up share capital during the year under review.

5. RESERVES

Your Directors has not proposed to transfer any amount to General Reserve for the financial year under review.

6. DIVIDEND

The Board does not recommend any dividend for the year ended 31st March, 2026.

7. MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY WHICH HAS OCCURRED BETWEEN THE AFTER THE END OF FINANCIAL YEAR OF THE COMPANY TO WHICH THE FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT

There are no material changes and commitments in the company after the end of the financial year till the date of this report that have a bearing on the financial position of the company.

8. DETAILS OF SIGNIFICANT MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND THE COMPANYS OPERATIONS IN FUTURE

There are no significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and companys operations in future.

9. DETAILS OF SUBSIDIARY/JOINT VENTURES/ASSOCIATE COMPANY

The company does not have any subsidiaries or Joint-Venture or Associate Companies.

10. PUBLIC DEPOSITS

The company has not accepted any deposits under Chapter V of the Companies Act, 2013. Accordingly, there is no disclosure or reporting required in respect of the same.

11. CORPORATE SOCIAL RESPONSIBILITY

FY 2025-26

The provisions of the Companies Act, 2013 relating to Corporate Social Responsibility were not applicable to the Company for the FY 2025-26 as the Companys net profit before exceptional items and tax was Rs. 443.44 Lakhs. The Board of Directors of the Company has, however, constituted a Corporate Social Responsibility Committee in compliance with Section 135 of the Act.

The Company is committed to its stakeholders to conduct business in an economically, socially and environmentally sustainable manner that is transparent and ethical.

The Report on Corporate Social Responsibility as per Rule 8 of (Corporate Social Responsibility Policy) Rules, 2014 in not required to be attached in the annual report.

12. CORPORATE GOVERNANCE

The report on Corporate Governance is not being enclosed to this report in view of the relaxation under regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

13. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Managements Discussion and Analysis Report for the year under review, as stipulated

under Regulation 34 read with Schedule V of SEBI (Listing Obligations and Disclosure Requirements), 2015 is presented in a separate section forming part of the Annual Report as Annexure –V.

14. LISTING ON STOCK EXCHANGE

The Equity shares of the Company are listed on Bombay Stock Exchange Limited, Mumbai.

15. ENVIRONMENT AND POLLUTION CONTROL

The manufacturing facilities have obtained environmental clearance from the Pollution Control Board concerned and are in compliance with all current environmental legislation. As an integral part of its environment protection drive, the Company ensures the very minimum quantity of generation of waste, low emission levels and low noise pollution levels during operations of all manufacturing facilities.

16. DEPOSITORY SYSTEM

Your Companys shares are tradable compulsorily in electronic form and your Company has connectivity with both the Depositories i.e. National Securities Depository Limited (NSDL) and Central Depository Service (India) Limited (CDSL). As per the SEBI (Listing Obligations & Disclosure Requirements) (Fourth Amendment) Regulations, 2018, vide Gazette notification dated June 8, 2018 & 30th November, 2018 mandated that Share transfer shall be mandatorily carried out in dematerialized form only w.e.f. from April 1, 2019. In view of the numerous advantages offered by the Depository System, members are requested to avail the facility of Dematerialization of the Companys shares on either of the Depositories mentioned as aforesaid.

17. DIRECTORS AND KEY MANAGERIAL PERSONNEL

The management of the company was handled by the following Key Managerial Persons during the year under review:

S.NO.	NAME	DIN/PAN	DESIGNATION
1.	Mr. Jeetender Kumar Agarwal	00041946	Managing Director & CFO
2.	*Pooja Gupta	11239344	Non-Executive Independent Director (w.e.f 11.08.2025)
3.	*Sushma Gupta	07147330	Non-Executive Independent Director (upto 11.08.2025)
4.	Uttam Gupta	08883411	Non-Executive Independent Director
5.	Adarsh Gupta	00526687	Non-Executive Independent Director
6.	Rozie Sushant Mukharjee	--	Company Secretary

*During the year the Board appointed Ms. Pooja Gupta (DIN: 11239344) w.e.f. 11th August 2025 (Additional Director) and accepted resignation of Sushma Gupta w.e.f 11th August 2025.

A. CHANGES IN DIRECTORS

During the year the Board appointed one additional Director Ms. Pooja Gupta (DIN: 11239344) w.e.f. 11th August 2025 then regularize to Non-Executive Independent Director in Annual General Meeting of the company held on 22nd September 2025 and accepted resignation of Sushma Gupta from the post of Director w.e.f. 11th August 2025.

Mr. Jeetender Kumar Agarwal, Managing Director, is liable to retire by rotation at the ensuing Annual General Meeting and being eligible, offers himself for re-appointment.

B. CHANGES IN KEY MANAGERIAL PERSONNEL

As on 31st March, 2025, following are the Key Managerial personnel of the Company:

1. Mr. Jeetender Kumar Agarwal – Managing Director and Chief Financial officer

2. Ms. Rozie Mukharjee - Company Secretary & Compliance Officer

There is no change in Key Managerial Personnel during the year.

C. EVALUATION OF THE BOARDS PERFORMANCE

In compliance with the Companies Act, 2013 and as per the Listing Regulations, the performance evaluation of the Board and of its Committee was carried out during the year under review.

The Directors evaluation was broadly based on the parameters such as understanding of the Companys vision and objective, skills, knowledge and experience, participation and attendance in Board/ Committee meetings; governance and contribution to strategy; interpersonal skills etc.

The Board has carried out the annual performance evaluation of its own performance, the Directors individually as well as evaluation of the working of its Board Committees. A structured questionnaire was prepared covering various aspects of the Boards functioning such as adequacy of the composition of the Board and its Committees, Board Culture, execution and performance of specific duties, obligations and governance.

A meeting of the Independent Directors was also held which reviewed performance of non-independent directors, performance of the board as a whole and performance of the chairman after taking in to 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.

D. DECLARATION BY INDEPENDENT DIRECTORS

All Independent Directors of your Company have given a declaration pursuant to Section 149(7) of the Companies Act, 2013 and Regulation 25(8) SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 affirming compliance to the criteria of Independence as laid down under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Based on the declaration(s) of Independent Directors, the Board of Directors recorded its opinion that all Independent Directors are independent of the Management and have fulfilled the conditions as specified in the Companies Act, 2013 and the Rules made there under.

Independent Directors are not liable to retire by rotation, in terms of Section 149(13) of the Act.

E. FAMILIARIZATION PROGRAMME OF INDEPENDENT DIRECTORS

The Company has formulated a familiarization program for Independent Directors to provide insights into the Companys manufacturing, marketing, finance and other important aspects to enable the Independent Directors to understand its business in depth and contribute significantly to the Company. The details of such program are available on the Companys website (www.sheshadri.in)

F. DISQUALIFICATION OF DIRECTORS

During the year declarations received from the Directors of the Company pursuant to Section 164 of the Companies Act, 2013. The Board appraised the same and found that none of the directors are disqualified for holding office as Director.

Further the Certificate from Practicing Company Secretary has been obtained who certified that none of the directors of the company disqualified for holding office as director of the Company is enclosed with this Directors Report as Annexure -IV

G. NOMINATION AND REMUNERATION POLICY

The Board on the recommendation of the Nomination and Remuneration committee framed a policy for selection and appointment of directors, Senior Management and their remuneration as required under section 178 of the Companies Act, 2013 and Regulation 19(4) read with Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

18. BOARD AND THEIR COMMITTEES

1. BOARD OF DIRECTORS

a) Composition and provisions as to Board and Committees:

As on 31st March 2026, the Companys Board of Directors comprises of 4 (four) Directors. Of these, 1 (One) is promoter Director and 3 (three) are Non Executive Independent Directors. The Chairman is an Executive Director.

The Board of Directors of the Company met Four (4) times during the Financial Year. The intervening gap between the meetings was within the prescribed period under the Act and listing Regulations. Details of number of Board meetings and Directors attendance is as follows:

Sr. No.	Date of the Meeting	No. of directors present at the meeting
1	23.05.2025	4
2	11.08.2025	4
3	14.11.2025	4
4	28.01.2026	4

b) Disclosure of relationships between directors inter-se:

There is no inter-se relationship between the Members of the Board.

2. AUDIT COMMITTEE

As on 31st March 2026, the Audit Committee comprised of Sri Uttam Gupta as Chairperson of the Committee, Sri Jeetender Kumar Agarwal and Sri Adarsh Gupta as members of the Committee. All the recommendations made by the Audit Committee were accepted by the Board.

During the financial year ended March 31, 2026 – The Audit Committee met 4 (Four) times. The details of the meetings are as below:

Sr. No.	Date of the Meeting	No. of members present at the meeting
1	23.05.2025	3
2	11.08.2025	3
3	14.11.2025	3
4	28.01.2026	3

3. NOMINATION & REMUNERATION COMMITTEE

As on 31st March 2026, the Nomination & Remuneration Committee comprised of Sri Uttam Gupta as Chairperson of the Committee, Smt. Pooja Gupta and Sri. Adarsh Gupta as members of the Committee. All the recommendations made by the Nomination & Remuneration Committee were accepted by the Board.

During the financial year ended March 31, 2026 – The Nomination and Remuneration Committee met one (1) time. The details of the meetings are as below:

Sr. No.	Date of the Meeting	No. of members present at the meeting
1	11.08.2025	3

*Smt Sushma Gupta tendered her resignation, effective from 11th August, 2025. Following this, Smt. Pooja Gupta was appointed as a member of the Nomination & Remuneration Committee, also effective 11th August, 2025.

4. STAKEHOLDERS RELATIONSHIP COMMITTEE

As on 31st March 2026, Your company has constituted a Stakeholders Relationship Committee to specifically look into the mechanism of redressal of grievances of shareholders and other security holders.

The Stakeholders Relationship Committee comprised of Sri. Uttam Gupta as Chairperson of the Committee, Sri. Jeetender Kumar Agarwal and Sri. Adarsh Gupta as members of the Committee.

During the financial year ended March 31, 2026 – The Stakeholders Relationship Committee met 1 (one) time. The details of the meetings are as below:

Sr. No.	Date of the Meeting	No. of members present at the meeting
1	25-03-2026	3

Details of the complaint received and redresssed during the year under review are as follows:

1	No. of Complaints pending at the beginning of the year	NIL
2	No. of Complaints received during the Year	NIL
3	Number not solved to the satisfaction of shareholders	NIL
4	Number of pending complaints	NIL

5. CORPORATE SOCIAL RESPONSIBILITY (CSR) COMMITTEE:

The Board of Directors of the Company has constituted a Corporate Social Responsibility (CSR) Committee of the Board presently comprising of one Executive Director and two Non-Executive Independent Directors.

As on 31st March 2026, the Corporate Social Responsibility Committee comprised of Sri Uttam Gupta (chairman), Sri. Jeetender Kumar Agarwal (member) and Sri. Adarsh Gupta (member).

During the financial year ended March 31, 2026 – The CSR Committee met 1 (one) times on 24.07.2025 and all the members were present at the meeting.

6. SEPARATE MEETING OF INDEPENDENT DIRECTOR:

During the year under review, a separate meeting of Independent Directors was held on 11.03.2026 to

a. evaluate the performance of the Chairperson of the company, taking into account the views of executive directors and non-executive directors;

b. reviewing the performance of non-independent directors and the Board as a whole;

c. assessing the quality, quantity and timeliness of flow of information between the company management and the Board so as to ensure that the Board is performing the duties effectively and reasonably.

All directors were present.

7. OTHER MANAGEMENT POLICIES

The following policies are placed in companys website at http://www.sheshadri.in

- Policy for determination of materiality

- Policy on code of conduct

- Policy on Code of Fair disclosure

- RPT Policy

- Code of Conduct for Prevention of Insider Trading

- Whistle Blower Policy ? Vigil Mechanism

- Policy on Prevention of Sexual Harassment at Workplace (POSH) Policy

19. STATUTORY AUDITORS & AUDITORS REPORT

A. STATUTORY AUDITORS

M/s K.S. Rao & Co., Chartered Accountants, Hyderabad (ICAI Firm Regn. No.003109S) were appointed as Statutory Auditors in the AGM held on 29th September 2017 for a period of 5 years until the conclusion of 13th AGM.

The Company re-appointed M/s. K.S. Rao and Co., Chartered Accountants as the Statutory Auditors for a second term of 5 years in the 13th AGM held on 30th September 2022 till the conclusion of 18th AGM of the company.

Explanation to Auditors Remark

Following are the replies / clarifications in respect of the observations made by the statutory auditor in their audit report.

1. The management would like to inform you that all statutory dues for the financial years 2021-22 to 2025-26 have been settled. For the financial years prior to 2021-22, the interest payable on statutory dues will be verified with the respective statutory authorities and all necessary provisions related to this will be made in the following financial year.

2. Though company has not obtained any formal quotes from third parties but the company based on the prevailing market prices has paid or received the payments with the transactions carried out with related parties.

Reporting of fraud by Statutory Auditors

There was no fraud in the Company, which was required to be reported by statutory auditors of the Company under sub-section (12) of section 143 of Companies Act, 2013.

B. SECRETARIAL AUDITOR

M/s HSP & Associates LLP, Practicing Company Secretaries were appointed as Secretarial Auditor in the AGM held on 22nd September 2025 for a period of 5 years until the conclusion of 21st AGM in compliance with the provision of Section 204 of the Companies Act, 2013 and Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, The Secretarial Audit report in form MR-3 for the financial year ended 31st March 2026 is annexed herewith as Annexure I to this Report. The Secretarial Audit Report does not contain any qualification or adverse remark.

C. INTERNAL AUDITOR

In compliance with the provisions of Section 138 of the Act read with Rule 13(1)(a) of Companies (Accounts) Rules, 2014. The Board of Directors of the Company has appointed M/s. LANS & Co., Chartered Accountants as Internal Auditors to conduct Internal Audit of the Company for the Financial Year 2026- 2027.

D. COST AUDITOR

Pursuant to the provisions of section 148 of the Companies Act, 2013 and rules made thereunder (as amended from time to time) the requirement of maintenance of Cost Records and appointment of Cost Auditor is not applicable to the company during the year under review.

20. DIRECTORS RESPONSIBILITY STATEMENT:

To the best of their knowledge and belief and according to the information and explanations obtained by them, your Directors make the following statements in terms of Section 134(3)(c) of the Companies Act, 2013:

(a) in the preparation of the annual financial statements for the financial year ended 31st March, 2026, the applicable accounting standards had been followed along with proper explanation relating to material departures;

(b) 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 financial year and of the profit of the company for that period;

(c) the directors has 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 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;

(f) 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.

21. RELATED PARTY TRANSACTIONS

All related party transactions that were entered into during the financial year were on arms length basis and were in the ordinary course of business. There are no materially significant related party transactions made by the Company with Promoters, Directors, Key Managerial Personnel or other designated persons which may have a potential conflict with the interest of the Company at large.

All Related Party Transaction are presented to the Audit Committee and the Board of Directors. Omnibus approval is obtained for transactions which are foreseeable and repetitive in nature. A Statement of all related party transactions is presented before the Audit Committee and the Board of Directors on a quarterly basis, specifying the nature, value and terms and conditions of the transactions. The Policy on materiality of related party transactions as approved by the Board of Directors may be accessed on the Companys website at http://www.sheshadri.in/policies.html

Your Directors draw attention of the members to Note 47 to the financial statement which sets out related party disclosures. Particulars of Contracts or Arrangements with related parties referred to in Section 188(1) in Form AOC- 2 are enclosed to this report in Annexure III.

22. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:

The particulars relating to conservation of energy, technology absorption, foreign exchange earnings and outgo required to be given pursuant to the provision of Section 134 of the Companies Act, 2013 read with the Companies (Account) Rules, 2014 is annexed hereto and marked Annexure II and forms part of this Report.

23. INTERNAL FINANCIAL CONTROL SYSTEMS

The Company has adopted the policies and procedures for ensuring the orderly and efficient conduct of its business, including adherence to the Companys policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records and the timely preparation of reliable financial information.

The Company has in place adequate internal financial controls with reference to financial statements. The Companys internal control systems, including internal financial controls, are commensurate with the nature of its business and the size and complexity of its operations and the same are adequate and operating effectively. These systems are periodically tested and no reportable material weakness in the design or operation was observed. The internal auditors of the company conduct audit on regular basis and the Audit Committee reviews adequacy and effectiveness of the Companys internal control system including internal financial controls.

24. PARTICULARS OF EMPLOYEES AND RELATED DISCLOSURES:

None of the employees was in receipt of remuneration in excess of the limits prescribed under Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Hence, disclosure with respect to the same, is not required to be given.

The information required pursuant to Section 197(12) of Companies Act, 2013 read with Rule 5(1) and Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 in respect of the employees of the Company, will be provided upon request. In terms of Section 136 of the Act, the Report 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 upto the date of the ensuing Annual General Meeting. If any member is interested in obtaining a copy thereof, such member may write to the Company Secretary in this regard.

25. POLICY ON SEXUAL HARASSMENT:

The Company has in place a policy on Prevention of Sexual Harassment of Employees at workplace in accordance with The Sexual harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. Internal Compliant Committee has been set to redress complaints received regarding sexual harassment.

During the year under review, the Company has not received any complaints pertaining to sexual harassment.

26. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186:

The Company has not made any loan, given guarantee or provided security pursuant to the provisions of Section 186 of Companies Act, 2013 during the year.

27. DISCLOSURES:

A. EXTRACT OF ANNUAL RETURN

Annual Return of the company as on 31st March, 2026 in accordance with section 92(3), Section 134(3)(a) of the Companies Act, 2013 read with Companies (Management and Administration) Rules, 2014, can be accessed from http://www.sheshadri.in/financials.

B. Vigil Mechanism

The Company has a Whistle Blower Policy/Vigil Mechanism in place. The objective of the Vigil Mechanism is to provide the employees, Directors, customers, contractors and other stakeholders of the Company an impartial and fair avenue to raise concerns and seek their redressal, in line with the Companys commitment to the highest possible standards of ethical, moral and legal business conduct and fair dealings with all its stakeholders and constituents and its commitment to open communication channels. The Company is also committed to provide requisite safeguards for the protection of the persons who raise such concerns from reprisals or victimization, for whistle blowing in good faith. The Board of Directors affirms and confirms that no personnel have been denied access to the Audit Committee. The Policy contains the provision for direct access to the Chairman of the Audit Committee in appropriate or exceptional cases..

The Policy on vigil mechanism cum Whistle Blower may be accessed on the Companys website at the link: http://www.sheshadri.in there were no complaints received during the year 2025-26.

C. Risk Management

The Company recognizes that risk is an integral and unavoidable component of business and is committed to managing the risk in a proactive and efficient manner. The Company as part of business strategy has in place a mechanism to identify, assess, monitor risks and mitigate various risks with timely action.

28. COMPLIANCE OF SECRETARIAL STANDARD

The Company has complied with all the applicable Secretarial Standards issued by The Institute of Company Secretaries of India and notified by the Central Government.

29. MAINTENANCE OF COST RECORDS

The Company is not required to maintain cost records under Section 148(1) of the Companies Act, 2013.

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

31. GENERAL

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

a. During the year under review the Company has not given loan to any employee for purchase of its own shares as per section 67(3) (c) of Companies Act, 2013.

b. The Company has not issued shares under employees stock options scheme pursuant to provisions of Section 62 read with Rule 12 of Companies (Share Capital and Debenture) Rules, 2014.

c. The Company has not issued sweat equity shares pursuant to provisions of Section 54 read with Rule 8 of Companies (Share Capital and Debenture) Rules, 2014 & SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 during the Financial Year.

d. The Business Responsibility Reporting as required by Regulation 34(2) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, is not applicable to your Company for the financial year ending March 31, 2026.

e. Details in respect of frauds reported by the Auditors under section 143(12) other than those which are reportable to the Central Government, as there were no such frauds reported by the Auditors.

f. There was no application made / proceeding pending under the Insolvency and Bankruptcy Code, 2016.

g. During the year, the Company has not undergone any one-time settlement and therefore the disclosure in this regard is not applicable.

32. ACKNOWLEDGEMENTS:

The Board of Directors is pleased to place on record their appreciation of the co-operation and support extended by all Financial Institutions, Banks and various State and Central Government Agencies.

The Board would also like to thank the Companys shareholders, customers, suppliers for the support and the confidence which they have reposed in the management. The Board place on record its appreciation of the contribution made by the employees at all levels for their hard work, solidarity, co-operation and support.

By order of the Board

For Sheshadri Industries Limited

Jeetender Kumar Agarwal

Managing Director

DIN: 00041946

Uttam Gupta

Director

DIN: 08883411

Place: Secunderabad

Date: 10.08.2026