Shri Krishna Devcon Ltd Directors Report

Dear Shareholders,

Your directors are pleased to present the 31st Annual Report along with the Audited Financial Statements of your Company for the financial year ended March 31, 2025.

Financial performance

The Audited Financial Statements of your Company as on March 31, 2025, are prepared in accordance with the relevant applicable Ind AS and Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") and the provisions of the Companies Act, 2013 ("Act").

The summarized financial performance is depicted below:

(Rs. Lakhs)

Particulars	Standalone		Consolidated
	2024-25	2023-24	2024-25	2023-24
Revenue from operations	2689.74	2545.10	2689.74	2545.10
Other Income	53.75	46.51	53.75	46.51
Total Income	2743.49	2591.61	2743.49	2591.61
Total Expenditure	2091.77	1947.23	2091.77	1947.23
Profit / (Loss) before Exceptional items & Tax	651.72	644.38	651.72	644.38
Exceptional Items	-	-	-	-
Profit / (Loss) before Tax	651.72	644.38	651.72	644.38
Total Tax Expenses	159.43	199.46	159.43	199.46
Net Profit / (Loss) for the period	492.30	444.92	492.30	444.92
Share of profit / (Loss) of associates (net)	-	-	-	-
Profit / (Loss) for the year	492.30	444.92	492.30	444.92
Other comprehensive income (net of tax)	-	-	-	-
Total comprehensive income for the year (net of tax)	492.30	444.92	492.30	444.92
Total Comprehensive Income for the year attributable to:	492.30	444.92	492.30	444.92
Owner of the Company	492.30	444.92	492.30	444.92
Non-Controlling Interest	-	-	-	-

Financial highlights

On standalone as well as on consolidated basis: Total income increased by 5.86% to Rs. 2743.49 Lakhs in FY 2024-25 vs Rs. 2591.61 Lakhs in FY 2023-24, Profit Before Tax increased by 1.14% to Rs. 651.72 Lakhs in FY 2024-25 vs Rs. 644.38 Lakhs in FY 2023-24 and Profit After Tax as well as Total Comprehensive Income increased by 10.65% to Rs. 492.30 Lakhs in FY 2024-25 vs Rs. 444.92 Lakhs in FY 2023-24.

Operation performance and state of companys affairs

During the year under review, the company continued to strengthen its position in the real estate sector, with focused execution of projects. Despite sectoral challenges such as rising input costs, regulatory compliances, and fluctuating demand cycles, the company was able to deliver steady operational results and achieved healthy sales velocity supported by strong customer confidence, timely delivery.

Operational efficiency remained a key focus, with emphasis on prudent cost management, which helped in optimizing resources and enhancing project execution timelines. The Company continues to prioritize compliance, governance, and sustainability in all business operations.

Looking ahead, the Company remains committed to harnessing opportunities arising from favorable demographics, urbanization trends, and regulatory reforms, while maintaining a cautious approach towards evolving macroeconomic challenges.

Segment performance

The Company has evaluated its Operating segments in accordance with Ind AS 108 and has concluded that it is engaged in a single operating segment viz. real estate business.

Changes in the nature of business

There has been no change in nature of business of your Company.

Reserves

As permitted under the Act, the Board does not propose to transfer any amount to general reserves. Dividend

The Board of Directors has not recommended any dividend for the financial year ended March 31, 2025, with a view to conserve resources for future business expansion and working capital requirements.

Subsidiaries, joint ventures and associate companies

The Company does not have any subsidiary company within the meaning of Section 2(87) of the Act, nor any associate company or joint venture company as defined under Section 2(6) of the Act.

However, as on the close of the financial year, the Company has M/s. Avani Buildcon, M/s. Maa Shipra Enterprises, M/s. Rose Builtech, and *M/s. Shrikrishna Buildcon as associate partnership firms.

(*a subsidiary partnership firm up to 20.09.2024)

The salient features of the financial statements of such associates partnership firms, as required under the Act, are provided in Form AOC-1 annexed as Annexure-I to this Report, and are therefore not repeated herein for the sake of brevity.

There has been no material change in the nature of the business of the associate partnership firms.

There is no material subsidiary company as per the thresholds laid down under the SEBI Listing Regulations.

The annual financial statements and related information shall be made available for inspection at its registered office during working hours for a period of twenty-one days before the date of the AGM.

Pursuant to the requirements of Regulation 34 read with Schedule V of the SEBI Listing Regulations, there are no loans, advances and investments in the subsidiarie partnership firm outstanding as on year end.

Share Capital and Listing

During the year under review, there was no change in the authorized and paid-up equity share capital of your Company. The authorized and paid-up equity capital as on March 31, 2025 is Rs. 2,800.00 Lakhs.

As on date all the 28,000,000 (Two Crores and Eighty Lakhs) Equity Shares of the Company are listed on the BSE Limited. The annual listing fee for the Financial Year 2025-26 has been paid to BSE Limited.

Annual Return

Pursuant to Section 134(3)(a) of the Act, the draft annual return as on March 31, 2025 prepared in accordance with Section 92(3) of the Act is made available on the website of your Company and can be accessed at https://shrikrishnadevconlimited.com/annual-report/.

Revision in Financial Statements

In terms of section 131 of the Companies Act, 2013, the Financial Statements and Directors Report are in compliance with the provisions of section 129 or section 134 of the act and that no revision has been made during any of the three preceding Financial Years.

Deposits

There were no outstanding deposits within the meaning of Section 73 and 74 of the Act read with rules made thereunder at the end of FY 2024-25 or the previous financial years. Your Company did not accept any deposit during the year under review.

As on March 31, 2025, the Company had outstanding unsecured loans amounting to Rs. 870.10 Lakhs from its Directors. The requisite declarations, as prescribed under Rule 2(viii) of the Companies (Acceptance of Deposits) Rules, 2014, have been duly furnished by the concerned Directors during the year under review.

Material Changes and Commitments

There were no Material changes affecting the financial position of the Company, which have occurred between the end of the financial year of the Company to which the financial statements relate and the date of this report.

Consolidated financial statements

Pursuant to the provisions of Section 129, 134 and 136 of the Act read with rules made thereunder and Regulation 33 of the SEBI Listing Regulations and as per applicable IND AS, your company has prepared consolidated financial statements for financial year ended March 31, 2025. The Consolidated Financial Statements form part of this Annual Report.

Disclosure of significant orders passed by regulators or courts or tribunal

Pursuant to the requirement of Section 134(3)(q) of the Companies Act, 2013, it is hereby confirmed that during the year under review, no significant or material order has been passed by any regulator, court, or tribunal which has an impact on the going concern status of the Company and its future operations.

Directors Responsibility Statement

Pursuant to Section 134(5) of the Act, the Board, to the best of their knowledge and based on the information and explanations received from the Company, confirm that:

a) in the preparation of the Annual Financial Statements, the applicable accounting standards have been followed and there are no material departures;

b) they have selected such accounting policies and applied them consistently and judgements 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) proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) the annual financial statements have been prepared on a going concern basis;

e) they have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and operating effectively;

f) proper systems have been devised to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

Changes in directors and key managerial personnel

As of March 31, 2025, your Companys Board had 6 (six) members with an optimum combination of executive, non-executive, independent and woman directors. The composition of the Board of Directors of the Company is in accordance with the provisions of Section 149 of the Act and Regulation 17 of the SEBI Listing Regulations.

Pursuant to provision of Section 203 of the Act, Mr. Sunil Kumar Jain, Managing Director, Mr. Vikas Kumar Jain, Chief Financial Officer and Mr. Neeraj Anjane, Company Secretary are Key Managerial Personnels of the Company as on March 31, 2025.

In accordance with the provisions of Section 152 of the Act, read with rules made thereunder and Articles of Association of the Company, Mr. Naveen Kumar Jain (DIN: 00117876) is liable to retire by rotation at the ensuing Annual General Meeting (AGM) and being eligible offers himself for re-appointment.

The Board has in its meeting held on February 01, 2025, upon recommendation of the Nomination and Remuneration Committee of the Company, appointed Mr. Anant Gurjar (DIN: 10933541), as Additional Non-Executive Independent Director for a first term of 5 (five) consequent years effective from February 01, 2025, for which the shareholders have also accorded their approval through postal ballot on April 24, 2025.

Mr. Shailesh Ambor (DIN: 02390457) ceased to be an Independent Director effective from the close of business hours on February 01, 2025 consequent to end of his five years term. Your Board places on record its deep appreciation for the valuable contributions made by Mr. Shailesh Ambor during his tenure in the Company.

Disclosure of declaration for disqualifications by directors

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

Appointment / re-appointment of independent directors

All the Independent Directors are well appointed in the Board of the Company in compliance with the Companies Act, 2013 and SEBI Listing Regulations. Further, in the opinion of the Board, all our Independent Directors possess requisite qualifications, experience, expertise and hold high standards of integrity for the purpose of Rule 8(5)(iii)(a) of the Companies (Accounts) Rules, 2014.

List of key skills, expertise and core competencies of the Board, including the Independent Directors, is provided in Corporate Governance Report forming part of this report and hence is not repeated here for sake of brevity.

Disclosure of declaration for independence by independent directors

The company has received declarations from all the independent directors of the company confirming that they meet the criteria of independence as prescribed under section 149 of the Act and the regulation 16(1)(b) and 25(8) SEBI Listing Regulations.

Familiarisation program for independent directors

The familiarisation programme aims to provide insights into the companys operations, strategic priorities, industry dynamics, regulatory environment, governance framework, and risk management practices, thereby enabling independent directors to effectively contribute to board deliberations and decision-making. The independent directors were provided information with regard to their roles, rights, responsibilities, business model and nature of the industry of company and brief overview of companys status and other relevant updates.

The details of the familiarisation programme imparted to Independent Directors during the year under review, including the number of hours spent and cumulative hours till date, are disclosed on the Companys website at https://shrikrishnadevconlimited.com/code-of-conduct/.

Separate meeting of independent directors

As mandated by clause VII of schedule IV of the Act, the independent directors met once during the year under review, on March 20, 2025. The independent directors inter alia reviewed the performance of non-independent directors and board as a whole including the performance of the chairperson of the company after accounting the views of executive directors and non-executive directors and also assessed the quality, quantity and timeliness of flow of information between the management of the listed entity and the board of directors that is necessary for the board of directors to effectively and reasonably perform their duties.

Report on corporate governance

As stipulated under SEBI Listing Regulations, a separate report on corporate governance forms part of this report.

A certificate from the practicing company secretary confirming compliance with the conditions of corporate governance is annexed to this Report as Annexure-II and forms part of this report.

Performance evaluation and nomination and remuneration policy

Pursuant to section 134(3)(p) of the Act and rule 8(4) of Companies (Accounts) Rules, 2014 and clause 17(10) of SEBI Listing Regulations, the board has carried out an evaluation of its own performance, the directors individually including independent directors as well as the evaluation of its committees as per the criteria and framework adopted by the board in the nomination, remuneration and evaluation policy and some indicative criteria includes various aspects of the boards functioning such as composition of the board and committees, experience and competencies, performance of specific duties and obligations, contribution at the meetings and otherwise, independent judgment, governance issues, compliance, adherence to policies and code of conduct, interpersonal relations, team work, confidentiality etc. The directors were satisfied with the evaluation results, which reflected the overall engagement of the individual directors, chairperson, the board as a whole and its committees with the company.

The said policy including above said criteria and other matters as per Section 178(3) of the Act is available on the Companys website and can be accessed at https://shrikrishnadevconlimited.com/code-of-conduct/.

Policies

The details of various policies approved and adopted by the Board as required under the Act and SEBI Listing Regulations are available on our website and can be accessed at https://shrikrishnadevconlimited.com/code-of-conduct/.

Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee

As required under the Act and the SEBI Listing Regulations, the Company has constituted following committees As on March 31, 2025.

• Audit committee

• Nomination and remuneration committee

• Stakeholders relationship committee.

The details of all the committees such as terms of reference, composition, and meetings held during the year under review are disclosed in the Corporate Governance Report forming part of this Report and hence is not repeated here for sake of brevity.

Statutory auditors and auditors report

Pursuant to Section 139 of the Act read with rules made thereunder, as amended, M/s. Khandelwal & Khandelwal Associates, Chartered Accountants (Firms Registration No. 008389C) were appointed as the Statutory Auditors of your Company, in the 28th Annual General Meeting ("AGM") for a term of five consecutive years i.e., upto 33rd AGM.

The Statutory Auditors have confirmed that they are not disqualified and are eligible to hold office as Statutory Auditors of your Company.

Representative of the Statutory Auditors of your Company attended the previous AGM of your Company.

The observation made in the Auditors Report read together with relevant notes thereon are selfexplanatory and hence, do not call for any further comments under Section 134 of the Act and does not contain any qualification, reservation or adverse remark or disclaimer.

No fraud has been reported by the auditors under sub section (12) of section 143 of the Act.

Secretarial auditor and audit report

Pursuant to the provisions of Section 204 of the Act, read with the rules made thereunder, the Board has re-appointed M/s. B.K. Pradhan & Associates, Practicing Company Secretaries, to undertake the Secretarial Audit of the Company.

There is no qualification, reservation or adverse remark or disclaimer in Secretarial Audit report except the following with Board explanation:

The Company has not taken any contingency insurance policy upto June 14, 2024 to meet out the risk arising out of issuance of duplicate securities pursuant to Para 5 of SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/70 May 25, 2022: The Company was under process to obtain referred policy but the delay was due to lack of product by insurance company however, the policy was obtained by the company effective from 14.06.2024 however, no penalty imposed by authority.

Pursuant to Regulation 23(9), the Company had made one day delayed submission of disclosures of related party transactions for the half year ended March 31, 2024: the delay was inadvertent due to some technical issues however, the management sincerely regret the inadvertent delay and reaffirm our commitment to timely compliance with all regulatory requirements. Company has paid a fine of Rs. 5,900 levied by BSE Limited.

Pursuant to amended Regulation 24A of SEBI Listing Regulations, and subject to your approval being sought at the ensuing AGM, M/s. B. K. Pradhan & Associates, Company Secretaries, Mumbai (Certificate of Practice No. 10179 and Peer Review Certificate No.: 2022/2022) has been appointed as a Secretarial Auditor to undertake the Secretarial Audit of your Company for the first term of five consecutive financial years from FY 2025-26 till FY 2029-30. M/s. B. K. Pradhan & Associates, Company Secretaries, has confirmed that they are not disqualified to be appointed as a Secretarial Auditor and is eligible to hold office as Secretarial Auditor of the Company.

The Secretarial Audit Report for the year under review is annexed to this Report as Annexure-III and forms part of this report.

Cost records

Maintenance of cost records has not been specified by the Central Government in terms of provisions of section 148 of the Companies Act, 2013.

Particulars of loans, guarantees or investments

There are no loans, investments, guarantees, and security provided during the year in respect of which provisions of section 185 of the Act is applicable.

Pursuant to Section 186 of the Act and Schedule V of the SEBI Listing Regulations, disclosure relating to loans/ advances given, guarantees provided and investments made are provided as part of the financial statements.

As on March 31, 2025 the company has Rs. 2,161.33 lakhs as investments in associate partnership firms.

Particulars of contracts or arrangements with related parties

All transactions with related parties are placed before the Audit Committee for its prior approval. An omnibus approval from Audit Committee is obtained for the related party transactions which are repetitive in nature.

Your Company has not entered into any transactions with related parties which could be considered material in terms of Section 188 of the Act and accordingly, the disclosure of related party transactions as required under Section 134(3)(h) of the Act, in Form AOC-2, is not applicable.

All transactions with related parties entered into during the financial year were in ordinary course of the business and at arms length basis.

Pursuant to the provisions of Regulation 23 of the SEBI Listing Regulations, your Company has filed half yearly reports to the stock exchanges, for the related party transactions.

Details of related party transactions entered into by the Company, in terms of Ind AS-24 have been disclosed in the notes to the standalone/ consolidated financial statements forming part of this Report and Annual Accounts 2024-25.

The Policy on Related Party Transactions is available on your Companys website and can be accessed at https://shrikrishnadevconlimited.com/code-of-conduct/.

Conservation of energy, technology absorption, foreign exchange earnings and outgo

Considering the nature of activities, Information on Conservation of energy as prescribed under Section 134(3) (m) of the Companies Act, 2013, read with the Companies (Accounts) Rules, 2014 is not applicable.

(a) Conservation of energy

1. The steps taken or impact on conservation of energy - The operations of your Company are not energy intensive. However, adequate measures have been initiated to reduce energy consumption.

2. The steps taken by the Company for utilizing alternate sources of energy - N.A.

3. The capital investment on energy conservation equipments - N.A.

(b) Technology absorption

1. The efforts made towards technology absorption - the Company is not engaged in any manufacturing activity; the particulars related to technology absorption are not applicable.

2. The benefits derived like product improvement, cost reduction, product development or import substitution - N.A.

3. In case of imported technology (imported during the last three years reckoned from the beginning of the financial year)-

a. The details of technology imported - N.A.

b. The year of import; - N.A.

c. Whether the technology been fully absorbed - N.A.

d. If not fully absorbed, areas where absorption has not taken place, and reasons thereof - N.A.

4. The expenditure incurred on Research and Development - N.A.

(c) During the year, there was no earning and outgo of any foreign currency.

Business risk management

The Company has been addressing various risks impacting the Company and the Board of Directors of the Company state that risk associated in the ordinary course of business is duly taken care by the board while taking business decisions.

The constitution of Risk Management Committee is not applicable to the company, but company has framed the policy for Risk Management and uploaded the same on website of the company and can be accessed at https://shrikrishnadevconlimited.com/code-of-conduct/.

Corporate social responsibility (CSR)

Pursuant to provisions of Section 135(9) of the Act, the company is not required to constitute any CSR committee as CSR amount is less than Rs. 50 Lakhs.

The Companys CSR Policy is posted on the website of the company and can be accessed at https://shrikrishnadevconlimited.com/code-of-conduct/.

The Company has focused on social cause and implementation of its Corporate Social Responsibility as per Schedule VII of the Companies Act, 2013.

During the financial year ended March 31, 2025; the Company has spent Rs. 11.12 Lakhs on CSR activity.

Detailed information report on the CSR policy and the CSR initiatives taken during financial year 2024-25 is annexed to this Report as Annexure-IV and forms part of this report.

Internal financial control systems and their adequacy

The details in respect of internal financial controls and their adequacy are included in the management discussion and analysis report, which forms part of this report.

Vigil mechanism

Pursuant to the provisions of section 177 of the Act and SEBI Listing Regulations, the company has adopted whistle blower policy and has established the necessary vigil mechanism to facilitate reporting of the genuine concerns about unethical or improper activity, without fear of retaliation. The mechanism provide provides for adequate safeguards against victimization of whistle blowers. No person has been denied access to the Chairman of the Audit Committee.

The vigil mechanism policy has been uploaded on the website of the company at https://shrikrishnadevconlimited.com/code-of-conduct/.

Commission received by directors from holding and subsidiary

None of the director is in receipt of commission from the company or any holding or any subsidiary of company u/s 197(14).

Managerial remuneration

The information required pursuant to Section 197 of the Act read with Rule 5 of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, in respect of employees of the Company and Directors is furnished hereunder:

1. The ratio of the remuneration of each director to the median remuneration of the employees of the company for the financial year;

Name of Director	Ratio to median Remuneration
Mr. Sunil Kumar Jain, Managing Director	25.37: 1
Mr. Naveen Kumar Jain, Director	18.21: 1

Other than above none of the directors were paid any remuneration during the year.

2. The percentage increase in remuneration of each director, chief financial officer, chief executive officer, company secretary or manager, if any, in the financial year;

Name of Director	Percentage Increase*
Mr. Sunil Kumar Jain, Managing Director	24.39
Mr. Naveen Kumar Jain, Executive Director	144.00**
Mr. Vikas Kumar Jain, Chief Financial Officer	-
Mr. Neeraj Anjane, Company Secretary	17.07

*Calculated on total remuneration paid during FY 2023-24 & 2024-25.

**Higher % due to receipt of remuneration for part of the year during FY 2023-24.

Other than above none of the directors/ kmps were paid any remuneration during the year.

3. The percentage increase in the median remuneration of employees in the financial year was 1.26;

4. The number of permanent employees on the rolls of company as on 31.03.2025 was 9;

5. Average Percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof;

The average increase in the salaries of employees other than the managerial personnel for FY 2024-25 was 1.86% and the average increase in remuneration of managerial personnel was 8.15%. The Company is in real estate sector and comprises a small team of professionals & managers and for the development of projects we engage the services of consultants, contractors and sub-contractors who work on companys projects and who also employ skilled, unskilled and semi-skilled workers. The Company reiterates that there were no exceptional circumstances which warranted an increase in managerial remuneration which was not justified by the overall performance of the Company. The increase in remuneration is dependent on the overall performance of the Company, employee and the industry standards.

6. It is hereby affirmed that the remuneration paid by the Company to its Directors, KMPs and Employees during the year under review is as per the Nomination & Remuneration Policy of the company.

7. Details as prescribed under rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, as amended, will be made available to any member on request, as per provisions of Section 136(1) of the Act.

Equity Shares with Differential Voting Rights

The company has not issued any shares with differential voting rights and accordingly the provisions of Section 43 read with Rule 4(4) of the Companies (Share Capital and Debentures) Rules, 2014 of the Companies Act, 2013 and rules framed there under are not applicable for the year.

Details of Sweat Equity Shares

The company has not issued any sweat equity shares and accordingly the provisions of Section 54 read with Rule 8(13) of the Companies (Share Capital and Debentures) Rules, 2014 of the Act and rules framed there under are not applicable for the year.

Secretarial standards

During the year under review, your Company has complied with all the applicable provisions of Secretarial Standard-1 and Secretarial Standard-2 issued by the Institute of Company Secretaries of India.

Details of Employees Stock Option Scheme

The company has not granted stock options and accordingly the provisions of Section 62(1)(b) read with Rule 12(9) of the Companies (Share Capital and Debentures) Rules, 2014 of the Companies Act, 2013 and rules framed there under are not applicable for the year.

Disclosure of Voting Rights Not Exercised

The company has not made any provision of money for the purchase of, or subscription for, shares in the company or its holding company, if the purchase of, or the subscription for, the shares by trustees is for the shares to be held by or for the benefit of the employees of the company and accordingly the provisions of Chapter IV (Share Capital and Debentures) of the Companies Act, 2013 and rules framed there under are not applicable for the year.

Depository

Equity shares of the Company are traded in Demat form. For dematerialization of shares, the Company has connectivity with the National Securities Depository Ltd. ("NSDL") and Central Depository Services (India) Ltd. ("CDSL").

Annual Custody / Issuer fee for the year 2025-26 has been paid by to NSDL and CDSL.

Management Discussion and Analysis

The Management Discussion and Analysis report has been separately furnished and forms part of this report.

Cash Flow Statement

In conformity with the provisions of the Act and Regulation 34(2) of the SEBI Listing Regulations, the cash flow statement for the year ended March 31, 2025 annexed in financial statements.

Number of meetings of the board and its committees

The Board met 8 (eight) times during the year under review. The intervening gap between the meetings did not exceed 120 days, as prescribed under the Act and SEBI Listing Regulations. The details of the meetings of the board of directors and its committees and the attendance of the directors are provided in the corporate governance report forming part of this report and hence is not repeated here for sake of brevity.

Prevention of sexual harassment at workplace

In order to prevent sexual harassment of women at work place under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 the company has adopted a policy for prevention of sexual harassment of women at workplace and has set up internal complaints committee for implementation of said policy. During the year under review the Company has neither received any complaint of harassment nor any complaints pending as on March 31, 2025.

Code for prevention of insider trading

Your Company has adopted a Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information ("Code") to regulate, monitor and report trading in companys shares by companys designated persons and their immediate relatives as per the requirements under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The Code, inter alia, lays down the procedures to be followed by designated persons while trading / dealing in Companys shares and sharing Unpublished Price Sensitive Information ("UPSI").

Other disclosures

• 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, 2025.

• No application was made or any proceeding is pending under the Insolvency and Bankruptcy Code, 2016 during the year in respect of your Company.

• There was no one time settlement of loan obtained from the Banks or Financial Institutions.

• During the financial year, the Board of your Company has approved the shifting of Registered Office of the Company within the local limits of the city from its current location to Morya Grand, 1101, 11th Floor, Near Infinity Mall, Off New Link Road, Andheri West, Mumbai 400053 MH with effect from August 30, 2024.

Acknowledgement and appreciation

Your directors take this opportunity to place on record their deep appreciation for the continued guidance, support, and cooperation extended by the shareholders, regulatory authorities, financial institutions, banks, business partners, customers, and vendors.

The Board also acknowledges the commitment, dedication, and hard work of all employees across the organization, whose efforts have been integral to the Companys performance and growth.

Finally, the Directors express their sincere gratitude to all stakeholders for their trust and confidence, and reaffirm the Companys commitment to consistently create sustainable value in the years to come.

	For and on Behalf of the Board of Directors
	Shri Krishna Devcon Limited
Place: Indore
Date: August 30, 2025	Sunil Kumar Jain	Naveen Kumar Jain
	Chairman & MD	Director
	DIN: 00101324	DIN: 00117876