Shringar House of Mangalsutra Ltd Directors Report

Dear Members,

The Board of Directors are pleased to present the 17th Annual Report of Shringar House of Mangalsutra Limited (Formerly known as Shringar House of Mangalsutra Private Limited) (Shringar or the Company), along with the audited financial statements, for the financial year ended March 31, 2026.

This year marks a significant milestone as it is the first Annual Report following the successful Initial Public Offer (IPO) and the listing of the Companys shares on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE).

This Report has been prepared in compliance with the applicable provisions of the Companies Act, 2013, (including any statutory modi cation(s) or re-enactment(s) thereof, for the time being in force) (Act) and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (Listing Regulations).

We look forward to your continued con dence as we strive for sustained growth and value creation in the years ahead.

1. Financial Highlights

The financial highlights of the company for the year ended March 31, 2026, as compared with the previous year ending March 31, 2025, are as under:

( in Million except EPS)

Particulars	For the year ended March 31, 2026	For the year ended March 31, 2025
Income
Revenue from operations (A)	22,458.17	14,298.15
Other Income (B)	46.07	3.01
Total Income (C) = (A+B)	22,504.24	14,301.16
Expenditure
Cost of material consumed	20,465.01	10,953.28
Purchases of Stock-In-Trade	2,187.86	2,611.51
Changes in Inventory of Finished Goods, WIP & Stock -In-Trade	(2,315.38)	(414.71)
Employee Benefit Expense	158.70	127.47
Finance Costs	75.20	82.00
Depreciation & Amortisation Expense	35.81	26.16
Other Expenses	374.53	97.47
Total Expenses (D)	20,981.73	13,483.20
Profit before exceptional items and tax (E) = (C-D)	1,522.51	817.96
Exceptional Items	-	-
Profit before tax	1,522.51	817.96
Current tax	370.26	209.29
Earlier year taxes	-	-
Deferred tax	(2.67)	(2.47)
Total Tax Expenses	367.59	206.82
Profit after tax	1,154.92	611.14
Total Comprehensive Income for the year	1,155.62	611.18
Earnings per equity share (in ) Basic	13.55	8.57
Diluted	13.55	8.57

2. State of Companys Affairs

For the financial year ended March 31, 2026, the Company recorded a total revenue of 22,458.17 million, as compared to 14,298.15 million in the previous financial year, reflect ing a growth of 57.07%. The Net Profit for the year under review stood at 1,154.92 million, marking an increase of 88.96 % over the Net Profit of 611.14 million reported in the previous financial year.

We believe that we have been able to maintain our financial growth, due to our efficient business model. We strive to maintain a robust financial position with emphasis on having a strong balance sheet. Our balance sheet enables us to fund our strategic initiatives and, pursue opportunities for growth.

During the year under review, the Company achieved several significant operational and strategic milestones. The Company became the first in India to manufacture and launch a 24K gold Mangalsutra, marking a notable milestone in its product innovation and manufacturing capabilities. This momentum was further accelerated by our formal entry into the Bridal Jewellery Segment and the strategic inauguration of our Pune branch of ce, directly enhancing our market coverage in the Vidarbha & Marathwada regions to drive our next phase of sustainable growth.

In February 2026, the Company relocated its core manufacturing operations from Lower Parel to a state-of-the-art facility admeasuring approximately 16,260 sq. ft. at Kandivali West, Mumbai. The new facility has strengthened the Companys manufacturing infrastructure and increased its annual production capacity to approximately 4,000 kg. The enhanced manufacturing capabilities and infrastructure are expected to enable the Company to cater more efficient ly to the requirements of its 34 corporate partners and support its continued business growth.

The Management Discussion and Analysis report, which is attached, showcases into the performance of each of the business divisions and the outlook for the current year.

3. Initial Public Offer and Listing

During the financial year 2025 26, the Company successfully completed its Initial Public Offering (IPO) through a fresh issue of equity shares aggregating to 4,009.20 million. The IPO opened on September 10, 2025, and closed on September 12, 2025.

Pursuant to the IPO, the Company issued 24,300,000 Equity Shares at an issue price of 165 per share, comprising a face value of 10 per share and a securities premium of 155 per share, thereby raising 4,009.20 million.

The issue received an overwhelming response from investors and was oversubscribed by 60.29 times. Following the successful completion of the IPO, the Companys Equity Shares were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on September 17, 2025.

4. Utilisation of IPO Proceeds

With respect to the gross proceeds of 4,009.20 million raised through the Fresh Issue, the Company earmarked 2,800.00 million for funding working capital requirements, 813.57 million for General Corporate Purposes (GCP), and 395.63 million towards issue expenses.

As of March 31, 2026, the proceeds dedicated to working capital and general corporate purposes have been completely utilized. Issue expenses amounting to 388.54 million have been deployed, and the remaining balance of 7.09 million is currently held in the Public Offer Account with Axis Bank for pending issue expense settlements. A detailed financial summarization regarding the utilization of IPO proceeds is disclosed in Note No. 12 to the Standalone Financial Statements.

The Company has appointed CRISIL Ratings Limited, a SEBI-registered Monitoring Agency, to monitor the utilization of the proceeds raised through issuance of equity shares by way of IPO of the Company. As on March 31, 2026, there has been no deviation in utilization of such proceeds from the objects stated in the Prospectus.

5. Share Capital

During the year under review, the Company has not altered its Authorised Share Capital. The Authorised Share Capital of the Company is 1,01,00,00,000/- (Rupees One Thousand and Ten Million) comprised of 10,00,00,000 (One Hundred Million) Equity Shares of 10 each and 10,00,000 (One Million) preference shares of 10 (Rupees ten only) each.

During the year under review, the Company has issued 24,300,000 Equity Shares amounting to 4,009.2 million (including premium) by way of IPO. Accordingly, the Paid-up Capital of the Company has increased from 72,13,20,800 comprising of 72,132,080 Equity Shares to 96,43,20,800 comprised of 96,432,080 Equity Shares of 10 each.

Further, it is hereby declared that the Company has:

a. not issued equity shares with differential rights as to dividend, voting or otherwise;

b. not issued any sweat equity shares;

c. not reduced its share capital or bought back shares;

d. not issued any warrants, debentures, bonds, or any other convertible or non-convertible securities;

e. not issued employee stock option scheme/plan or exercised any option(s)there under;

f. not provided money for purchase of its own shares by employees or by trustees for the benefit of employees; and

g. not failed to implement any corporate action.

6. Dividend

The Board of Directors of the Company were of the opinion that, it would be in the interest of the Company to retain earnings for future business requirements and business plans. Hence, it was decided to plough back the profits of the Company. Accordingly, your Company does not recommend dividend on Equity Shares for the financial year 2025-26.

7. Management Discussion and Analysis Report

Pursuant to Regulation 34 read with Schedule V of the SEBI (LODR) Regulation, 2015, the Management Discussion and Analysis Report is presented in a separate section forming part of this Annual Report.

8. Subsidiary Companies, Associates and Joint Venture

The Company does not have any subsidiary or Associate or Joint Venture Company(s).

9. Particulars of contracts or arrangements with Related Parties

None of the transactions with related parties fall under the scope of Section 188(1) of the Act. Accordingly, the disclosure of related party transactions as required under Section 134(3)(h) of the Act in Form AOC-2 is not applicable to the Company for FY 2025-26 and hence, does not form part of this report.

The Company has adopted policy on Related Party Transactions and can be accessed on the Companys website at https://shringar.ms/uploads/CodesAndPolicy/ 1738834791773_Policy%20on%20Related%20Party%20Tra nsactions.pdf

10. Particulars of Employees

The information required under Section 197 of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are attached as Annexure A.

Further, the statement containing particulars of employees as required under Section 197(12) of the Act read with Rule 5(2) and 5(3) of the Rules forms part of this Report.

However, the Report and the Accounts are being sent to the Members excluding the aforesaid statement. In terms of Section 136 of the Act, the said statement will be open for inspection upon request by the Members. Any Member interested in obtaining such particulars may write to the Company Secretary.

11. Investor Education and Protection Fund

During the year under review, no transfer was required to be made to the Investor Education and Protection Fund.

12. Directors and Key Managerial Personnel

The Companys Board is an optimum mix of Executive, Non-Executive, Independent and Woman Directors and conforms to the provisions of the Act, Listing Regulations, and other applicable statutory provisions.

As on March 31, 2026, the Board comprised Eight (8) Directors, comprising of Three (3) Executive Directors (including an Executive Chairman), One (1) Non- Executive Non-Independent Director and Four (4) Independent Directors (including One (1) Women Independent Director).

In accordance with the requirements of the Companies Act, 2013 and Articles of Association of the Company, Mr. Viraj Chetan Thadeshwar (DIN: 02240217), Executive Director of the Company retire by rotation at the ensuing Annual General Meeting and being eligible, offer himself, for re-appointment as Director liable to retire by rotation.

Key Managerial Personnel(s):

In accordance with Section 2(51) and 203 of the Act read with the rules made thereunder, following are the KMPs of the Company:

(i) Mr. Chetan Natvarlal Thadeshwar Chairman and Managing Director

(ii) Mr. Balraj Chetan Thadeshwar Whole Time Director (iii) Mr. Viraj Chetan Thadeshwar Chief Executive Of cer (iv) Mr. Ritesh Ashokkumar Doshi- Chief Financial Of cer and

(v) Mr. Rachit Sanjay Sinha- Company Secretary & Compliance Of cer

During the year under review, there was no change in the Directors or KMPs of the Company.

13. Details of Committees of the Board

At present, the Board has the following Five (5) Committees: i. Audit Committee ii. Nomination and Remuneration Committee iii. Stakeholders Relationship Committee iv. Corporate Social Responsibility Committee v. Finance Committee

During the year, the company has dissolved the IPO committee w.e.f 12th November, 2025.

During the year, all recommendations of the Committees were approved by the Board.

A detailed note on the composition of the Board and its Committees, governance of committees including its terms of reference, number of committee meetings held during the financial year 2025-26, and attendance of the members, is provided in the Report of Corporate Governance forming part of this Annual Report. The composition and terms of reference of all the Committees of the Board of Directors of the Company are in line with the provisions of the Act and the Listing Regulations.

14. Corporate Social Responsibility

The constitution, composition, terms of reference, role, powers, obligations of Corporate Social Responsibility Committee (CSR Committee) are in conformity with the provisions of Section 135 and all other applicable provisions of the Companies Act, 2013, read with the Companies (Corporate Social Responsibility Policy) Rules, 2014. The Company believes in the long-term sustainability by creating value for its stakeholders and society. The Company is committed to pursue responsible growth and recognizes its responsibility towards the society where it operates as a good corporate citizen. CSR at Shringar is creating sustainable programs that actively contribute to and support the social and economic development of the society. In compliance with Section 135 of the Act, the Company has undertaken CSR activities, projects and programs as provided in the CSR Policy of the Company and as per the Annual Action Plan approved by the CSR Committee and the Board of Directors. The Company has spent the entire 2% of the net profits earmarked for CSR projects during the year under review. The Annual report on CSR activities in accordance with the

Companies (Corporate Social Responsibility Policy) Rules, 2014 is set out as Annexure B forming part of this Report. The CSR Policy has been uploaded on the website of the Company. The policy is available at https://shringar.ms/ uploads/CodesAndPolicy/1738835465196_Corporate-Social-Responsibility-Policy.pdf

15. Deposits

During the year under review, the Company has not accepted any deposit within the meaning of Sections 73 and 74 of the Act read with the Companies (Acceptance of Deposits) Rules, 2014.

16. Loans from Directors

During the year under review, the Company accepted interest-free unsecured loans from Directors and subsequently repaid these loans, in accordance with Rule 2(1)(c)(viii) of the Companies (Acceptance of Deposits) Rules, 2014. Declarations regarding the source of funds were obtained pursuant to Rule 2(c)(viii) of the Companies (Acceptance of Deposits) Rules, 2014, at the time the loans were received.

A summary of the loans is provided below:

( in Million)

Particulars	Mr. Chetan Natvarlal Thadeshwar (Chairman & Managing Director)	Mr. Viraj Chetan Thadeshwar (Director & CEO)	Mr. Balraj Chetan Thadeshwar (Whole Time Director & COO)	Ms. Mamta C Thadeshwar (Director)	Total
Balance as on 01/04/2025	80	25.48	5	76.26	186.74
Loan taken during the year	1.45	2.99	-	0.75	5.19
Loan repaid during the year	-	-	-	19.9	19.9
Balance as on 31/03/2026	81.45	28.47	5	57.11	172.03

17. Policy on Directors appointment and remuneration

In terms of the requirement of Section 178 of the Act and Listing Regulations, the Board of Directors has adopted Nomination and Remuneration Policy (Policy) on appointment and remuneration of Directors, KMPs & Senior Management. The Policy includes, interalia, criteria for the appointment of Directors, KMPs, Senior Management Personnel and other covered employees, their remuneration structure and disclosures in relation thereto. The Policy is available on the website of the Company at https://shringar.ms/uploads/CodesAndPolicy/1738835304 743_ Nomination%20and%20Remuneration%20Policy.pdf

18. Vigil Mechanism / Whistle Blower Policy

The Company has in place Whistle Blower Policy and has established the robust vigil mechanism for Directors and employees in confirmation with Section 177(9) of the Act and Regulation 22 of Listing Regulations, to report concerns about unethical behavior and also provides for direct access to the Chairman of the Audit Committee in exceptional cases. This policy enables employees to report concerns related to fraud, malpractice, or any activity contrary to the Companys interests or societal welfare and protection of employees. This Policy is also applicable to the Directors of the Company. All cases reported as part of whistle-blower mechanism are taken to their conclusion within a reasonable timeframe. The Vigil Mechanism/Whistle Blower Policy for Directors and Employees is available on the Companys website https://shringar.ms/uploads/CodesAndPolicy/1738834625 286_Vigil%20Mechanism_Whistle%20Blower%20Policy%20f or%20Directors%20and%20Employees.pdf

19. Risk Management

The Company has adopted a Risk Management Policy in accordance with the provisions of the Companies Act, 2013 which laid down the framework to identify, evaluate business risks and opportunities. The Company has vested powers to the Audit Committee to regulate risk identi cation, assessment, analysis and mitigation with the assistance of the Internal Auditor. The Company has procedures in place for informing the Board of Directors on risk assessment and management procedures. There are no risks which in the opinion of the Board threaten the existence of the Company. However, some of the risks which may pose challenges are set out in the Management Discussion and Analysis Report which forms part of this Annual Report.

20. Policy on Prevention, Prohibition and Redressal of Sexual

Harassment at Workplace

The Company as required under the provisions of The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 has in place a Policy on Prevention of Sexual Harassment at Workplace in line with the requirements of the Act. Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy.

Following is the summary of sexual harassment complaints received and disposed off during the year 2025-26.

(i) Number of complaints received during the year: Nil (ii) Number of complaints disposed off during the year: Nil (iii) Number of cases pending for more than ninety days: Nil

21. Adequacy of Internal Financial Controls with reference to the Financial Statements

The Company has devised appropriate systems and framework for adequate internal financial controls with reference to financial statements commensurate with the size, scale and complexity of its operations including proper delegation of authority, policies and procedures, effective IT systems aligned to business requirements, risk based internal audit framework and risk management framework. The Audit Committee regularly reviews the internal control system to ensure that it remains effective and aligned with the business requirements. In case weaknesses are identified as a result of the reviews, new procedures are put in place to strengthen controls.

The Directors and Management con rm that the Internal Financial Controls (IFC) are adequate with respect to the operations of the Company.

A report of the Auditors pursuant to Section 143(3) (i) of the Companies Act, 2013 certifying the adequacy of Internal Financial Controls is annexed with the Auditors Report.

22. Board Meetings

The Board of Directors met 11 (Eleven) times during the FY 2025-26. The details of the meetings of the Board of Directors of the Company held and attended by the Directors during the financial year 2025-26 are given in the Report on Corporate Governance forming part of this Annual Report. The maximum interval between any 2 meetings did not exceed 120 days, as prescribed by the Act and the Listing Regulations.

23. Annual Evaluation of Board Performance

The Board is committed to transparency in assessing the performance of its Directors. The Company has framed a policy for the evaluation of the performance of the Board, its Committees, and individual Directors.

The Company is led by a diverse, experienced, and competent Board. The performance evaluation of the Board, its Committees, and individual Directors (including the Chairman) for the Financial Year 2025 26 was carried out in accordance with a robust evaluation framework. This framework covers the evaluation of the Board, its Committees, the Chairman, individual Directors, and the governance processes that support the Boards functioning. It includes specific criteria and parameters on which all Directors are evaluated in their individual capacities. The Nomination and Remuneration Committee has defined the evaluation criteria, procedure for the performance evaluation of the Board of Directors. The detailed evaluation process and its outcomes are set out in the Report on Corporate Governance forming part of this Annual Report. The Independent Directors, at their separate meeting, reviewed the performance of the Non-Independent Directors, the Board as a whole, and the Chairman of the Company, taking into account the views of the Executive Directors and Non-Executive Directors. They also assessed the quality, quantity, and timeliness of the flow of information between the Companys management and the Board, which is necessary for the Board to effectively and reasonably discharge its duties.

Evaluation of Independent Directors was done by the entire Board.

24. Particulars of Loans, Guarantees and Investments

The details of loans, guarantees and investments covered under Section 186 of the Companies Act, 2013 are given in the notes to the financial statements.

25. Declaration of Independent Directors

All the Independent Directors have submitted the requisite declarations stating that they continue to meet the criteria of independence as laid down under Section 149(6) of the Act and Regulation 16(1)(b) of the Listing Regulations and that they are not debarred from holding the office of director by virtue of any SEBI Order or any other such authority. The Board reviewed and assessed the veracity of the aforesaid declarations, as required under Regulation 25(9) of the Listing Regulations.

All the Independent Directors have con rmed that they are in compliance with Rules 6(1) and 6(2) of the Companies (Appointment and Qualification of Directors) Rules, 2014, with respect to registration with the data bank of Independent Directors maintained by the Indian Institute of Corporate Affairs. In the opinion of the Board, all the Independent Directors fulfill the said conditions as mentioned in Section 149(6) of the Act and Listing Regulations and are independent of the Management and possess the requisite integrity, experience, expertise and proficiency required to fulfill their duties as Independent Directors.

The details of familiarization programme as attended by the Independent Directors is available on the website of the Company. (web link:https://shringar.ms/uploads/ CodesAndPolicy/1738835380451_Familiarization%20Progr am%20for%20Independent%20Directors.pdf).

26. Directors Responsibility Statement

Pursuant to Section 134(5) of the Companies Act, 2013, the Board of Directors con rm that: a) in the preparation of the annual accounts for the year ended March 31, 2026, 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 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) they have 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) they have prepared the annual accounts on a going concern basis;

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

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

27. Annual Return

Pursuant to the provisions of Section 92(3) and 134(3)(a) of the Companies Act, 2013, the Annual Return of the Company for Financial Year 2025-26 in Form MGT-7 is available on the Companys Website at https://shringar.ms/dynamic/ disclosures/annual-return-as-provided-under-section-92-of-the-companies-act-2013.

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

a) Conservation of Energy:

Criteria	Steps Taken
(i) the steps taken or impact on conservation of energy;	The Company continues to focus on the efficient utilization of energy and other resources across its operations. The Company continues to undertake various measures for conservation of energy and reduction in energy consumption. During the year, the Company has made capital investment and installed new energy- efficient machinery and equipment and increased reliance on LED lighting. The Company has also implemented power-saving equipment and practices to optimise electricity consumption and improve overall energy ef ciency.
(ii) the steps taken by the company for utilising alternate sources of energy;
(iii)the capital investment on energy conservation equipments;	The Company also evaluates the feasibility of adopting alternate and sustainable sources of energy, wherever considered appropriate.

b) Technology Absorption:

Criteria	Steps Taken
(i) the efforts made towards technology absorption;	The company has installed modern technology into the manufacturing processes by deploying CNC para machine, laser solder machine and 3D printer to achieve precision manufacturing for complex designs.
(ii) the benefit s derived like product improvement, cost reduction, product development or import substitution;	These technologies enable the company to create intricate designs with ne detailing which is quintessential for producing high-quality Mangalsutras and other Jewellery.

Criteria	Steps Taken
(iii) In case of imported technology (imported during the last three years reckoned from the beginning of the financial year):
Details of technology imported	Not Applicable
Year of import
Whether the technology has been fully absorbed
If not fully absorbed, areas where absorption has not taken place, and the reasons thereof
(iv) Expenditure incurred on research and development	Not Applicable

c) Foreign Exchange Earnings and Outgo:

Particulars of Foreign Exchange earnings and outgo during the year are as under: a) Total Foreign Exchange Earnings - 181.28 Million

b) Total Foreign Exchange Outgo - 70.83 Million

29. Auditors and their Reports

a) Statutory Auditors

M/s T R Chadha & Co LLP, Chartered Accountants, (FRN No. 006711N/N500028) were appointed as the Statutory Auditors of the Company at the 15th Annual General meeting of the Company held on September 30, 2024, for a period of five years, till the conclusion of the 20th Annual General Meeting of the Company to be held in year 2029.

The Auditors Report on the financial statements of the Company for the financial year ended March 31, 2026 is unmodi ed, i.e., it does not contain any qualification, reservation, or adverse remark. The Auditors Report is enclosed with the financial statements forming part of the Annual Report.

b) Secretarial Auditor

Pursuant to the provisions of Section 204 of the Companies Act, 2013, read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, and in conformity with Regulation 24A of the Listing Regulations, 2015, M/s TVA & Co. LLP, Company Secretaries, a peer reviewed rm (LLPIN: AAE-9329) were appointed as the Secretarial Auditors of the Company for a term of ve consecutive years, commencing from financial years 2025-26 till 2029-30.

The Secretarial Audit Report issued by M/s TVA & Co. LLP for the financial year 2025-26, annexed to this Boards Report as Annexure-C, af rms compliance with the applicable provisions of the Companies Act, 2013, the SEBI (LODR) Regulations, 2015, and other relevant statutory requirements.

Further, in terms of regulatory requirements, M/s TVA & Co. LLP has issued Annual Secretarial Compliance Report, confirming compliance by the Company of the applicable SEBI regulations and circulars/guidelines issued thereunder. The Secretarial Audit Report and Secretarial Compliance Report for the financial year 2025-26 do not contain any quali cation, reservation, adverse remark, or disclaimer.

c) Internal Auditors

The Company has appointed M/s S.K Patodia & Associates LLP, Chartered Accountants (FRN: 112723W/ W100962) as its internal auditors for the Financial Year 2025-26, who submit their half-yearly reports to the Audit Committee. The Audit Committee oversees the financial reporting process, ensuring transparency, integrity, and quality. By maintaining a specified and delegated internal control system, the Company aims to provide accurate and timely disclosures while suggesting improvements as needed.

30. Maintenance of Cost Records

Pursuant to the provisions of Section 148 of the Companies Act, 2013 read with the Companies (Cost Records and Audit) Rules, 2014, as amended from time to time, the Company is not required to maintain Cost Records under said Rules.

31. Corporate Governance Report

In compliance with Regulation 34(3) of the Listing Regulations, a separate report on the Corporate Governance, as stipulated under the Listing Regulations is presented in a separate section forming part of this Annual Report.

32. Secretarial Standards

During FY 2025-26, the Company has complied with the applicable provisions of the Secretarial Standards (SS-1 and SS-2) relating to Meetings of the Board of Directors and General Meetings issued by the Institute of Company Secretaries of India.

33. Reserves

During the year, the Company has not transferred any amount to General Reserve. As on March 31, 2026, the Reserves and Surplus comprising Capital Reserve, Retained Earnings and Securities Premium Account stood at 5813.62 Million.

34. Change in Nature of Business

During the year under review, there has been no change in the

nature of business of the Company.

35. Details of significant and material orders passed by the Regulators or Courts or Tribunals impacting the going concern status and companys operation in future

During the period under review, no significant or material orders were passed by the Regulators or Courts or Tribunals which impact the going concern status and Companys operations in future.

36. Compliance with respect to provisions relating to the Maternity Benefit Act, 1961

The Company has complied with the provisions of the Maternity Benefit Act, 1961, along with all applicable amendments and rules. It remains committed to providing a safe, inclusive, and supportive workplace for women employees.

All eligible women employees are extended statutory maternity benefit s, including paid maternity leave, nursing breaks, and protection from dismissal during such leave. The Company ensures there is no discrimination in recruitment or service conditions on the grounds of maternity, and has established appropriate HR policies and internal systems to uphold both the spirit and the letter of the law.

37. 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

During the period under review, no one-time settlement was made with respect to any amount of loan raised by the Company from any banks or financial institution.

38. Details of application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year alongwith their status as at the end of the financial year

During the year under review, there were no proceedings that were led by the Company or against the Company. Also, there is no proceeding pending against the Company under the Insolvency and Bankruptcy Code, 2016 as at the end of the financial year.

39. Material changes and commitments if any, 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 report

There are no material changes and commitments 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 report.

40. Report on frauds u/s 143(12) of the Companies Act, 2013

The Auditors of the Company have not reported any fraud as specified in the second proviso of Section 143(12) of the Companies Act, 2013.

41. Acknowledgement

The Board of Directors places on record its sincere appreciation for the continued support, trust, and con dence reposed by the Companys valued customers, suppliers, artisans, karigars, business partners, suppliers, bankers, financial institutions, government, regulatory authorities, and shareholders. The Board also acknowledges the consistent efforts, commitment, and dedication of its employees at all levels, which have contributed significant ly to the Companys performance and growth during the year under review. Lastly, the Board conveys its heartfelt thanks to all other stakeholders who have directly or indirectly contributed to the success of the Company.

For and on behalf of the Board
Shringar House of Mangalsutra Limited (Formerly known as Shringar House of Mangalsutra Private Limited)

Chetan Natvarlal Thadeshwar
Chairman and Managing Director
DIN: 02215281