Shri Jagdamba Polymers Ltd Directors Report

Dear Members,

With an immense pleasure, the Board of Directors of your Company presents the 39^th Annual Report of the Company together with the Audited Financial Statements for the Financial Year ended March 31, 2023.

The financial statements of the Company have been prepared in accordance with the Indian Accounting Standards (Ind AS) notified under section 133 of the Companies Act, 2013 read with Rule 7 of the (Companies Accounts) Rules, 2014.

The financial performance of the Company, for the financial year ended on March 31, 2023 are summarized below:

_ii (^ in Lakh) ^

During the Financial Year, it is noted that the total income for the financial year ended on March 31, 2023, amounted to ^33,635.06 Lakh, representing a decrease of 10.81 % compared to the total income of ^37,710.11 Lakh for the previous financial year ended on March 31, 2022.

The profit before tax for the financial year ended on March 31,2023, amounted to ^ 4108.51 Lakh, representing a decrease of 39.02% compared to the profit before tax of ^ 6737.23 Lakh for the previous financial year ended on March 31, 2022.

The profit after tax for the financial year ended on March 31,2023, amounted to ^ 3006.26 Lakh, representing a decrease of 41.24% compared to the profit after tax of ^ 5116.05 Lakh for the previous financial year ended on March 31, 2022.

The companys earnings per share for the financial year 2022-2023 was ^ 34.33.

The Annual Audited Financial Statements for the Financial Year 2022-2023, forming part of this Annual Report, have been prepared in accordance with Indian Accounting Standards (Ind-AS) notified under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standard) Rules, 2015 and requirements of Division II of Schedule III of Companies Act, 2013 and applicable Rules (hereinafter referred to as "the Act") and in accordance with applicable regulations of Securities and Exchange Board of India (Listing Obligations and Disclosures Requirement) Regulations, 2015 (hereinafter referred to as the "Listing Regulations").

During the year, the Company has not apportioned any amount to other reserve. The profit earned during the year.

During the review period, the Company experienced a decrease in profit. However, considering the interests of our shareholders and in accordance with the Companys established track record and practice, the Board of Directors, in its meeting held on August 14, 2023, has recommended a final dividend of ^0.50 per equity share of W- each for the Financial Year 2022-2023. This dividend amounts to ^43,79,000 and is subject to the approval of the Members at the ensuing Annual General Meeting.

Furthermore, if the dividend is approved by the shareholders at the ensuing Annual General Meeting, it will be disbursed to those members whose names appear in the Register of Members as beneficial owners on the record date, which is Friday, September 22, 2023. The Registrar & Transfer Agent of the Company will furnish the list of Register of Members for dividend distribution.

The shareholders are requested to note that the information pertaining to the Tax Deduction at Source on dividends paid which have become taxable in the hands of shareholders w.e.f. April 1, 2020 in pursuance to the amendment in Finance Act, 2020, has been mentioned in the notes to the Notice of this Annual General Meeting forming part of the Annual Report.

Your Company has complied with the requirements of corporate governance as prescribed under Schedule V of the SEBI (LODR) Regulations, 2015. A separate report on corporate governance forms the part of the annual report as ANNEXURE-K. certificate from the Practicing Company Secretary regarding compliance of conditions of Corporate Governance is presented under a separate section, which forms part of this Annual Report.