Sidh Automobiles Ltd Directors Report

Dear Members,

The directors are pleased to present the 40^th Annual Report of Sidh Automobiles Limited (your CompanyYthe Company⁵) together with the Audited Financial Statements for the financial year ended 31^st March 2025.

Particulars	2024-25	2023-24
Sales Turnover	29,16,211.00	1145521.00
Other Income	20637500.00	0
Net Gain on Fair Value Changes	1,07,15,900.00
Total Income	3,42,69,611.00	1145521.00
Total Expenditure	10,00,000.00	1020988.00
Profit before Depreciation	3,32,69,611.00	124533-00
Less: Deprecation	0	0
Profit after depreciation, Interest and other Expenses	3,32,69,611.00	124533-00
Less: Taxes (Including Deferred Tax)	(56,76,769.06)	0
Net Profit after Tax before dividend	2,75,92,841.94	124533-00
Dividend (Including Interim, if any, and final)	0	0
Net profit after dividend and Tax	2,75,92,841.94	124533.00

Results of Operations and the State of the Company?s Affairs

The Board of Directors is making all efforts for the betterment of the company. Further, during the year 2024-25, the revenue of the company from operations is Rs. 29,16,211.00/- as compared to last year, i.e., Rs. 11,45,521.00/-. Expenditure for the year has decreased to Rs. 10,00,000.00/- as compared to last year, which was Rs. 10,20,988.00/-.

Performance Review:

The Company has earned a profit during the financial year ended 31^st March, 2025.

State Of Affairs / Highlights

The Company is an NBFC Company and is engaged in NBFC activities. The Board of Directors and the Management of the Company are working on various strategies to scale up the operations of the Company. During the year under review, there was no change in the nature of the business of the Company.

Dividend

During the year under review, the Directors of the Company do not recommend any dividend for the financial year ended March 31, 2025.

Share Capital

The Authorised Share Capital of the Company is Rs. 30,00,00,000/- (Rupees Thirty Crore only) divided into 3,00,00,000 (Three Crore) Equity Shares of face value of Rs. 10/- each.

The Issued, Subscribed and Paid-up Capital of the Company is Rs. 2,96,23,000/- (Rupees Two Crore Ninety-Six Lakh Twenty Three Thousand only) divided into 29,62,300 (Twenty Nine Lakh Sixty Two Thousand Three Hundred) Equity Shares of face value of Rs. 10/- each.

There has been no change in the Share Capital of the Company during the financial year under review.

Public Deposits

During the year under review, the Company has not invited or accepted any deposits within the meaning of Sections 73 and 74 of the Act read with the Companies (Acceptance of Deposits) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force).

Transfer Of Unclaimed Dividend To Investor Education and Protection Fund

The provisions of Section 125(2) of the Companies Act, 2013 do not apply as the Company has not declared any dividend during the preceding years.

Changes In Nature Of Business (If Any)

There was no change in the nature of business during the financial year 2024-25.

RBI Guidelines

The Company continues to comply with all the requirements prescribed by the Reserve Bank of India (RBI) from time to time. The Board periodically reviews the policies and approves amendments as and when necessary.

Transfer To General Reserve

As required under Section 45-IC of the Reserve Bank of India Act, 1934, 20% of the net profits are required to be transferred to a Special Reserve Account.

Disclosure Regarding Issue of Equity Shares with Differential Rights, Employee Stock Options & Sweat Equity Shares.

The Company has not issued any equity shares with differential voting rights or employee stock options, or sweat equity shares.

Information About Subsidiary/ JV/ Associate Company

The Company does not have any Subsidiary, Joint Venture or Associate Company.

Extract of Annual Return:

Pursuant to Section 92 of the Act and Rule 12 of the Companies (Management and Administration) Rules, 2014, the Annual Return is available on the website of the Company on the following link:

https://sidharoup.in/investor/annual-return

I. THE COMPOSITION OF BOARD OF DIRECTORS AS ON MARCH 31, 2025 IS AS FOLLOWS:

S. No.	DIN Number	Name of Directors	Appointment of Directors	Designation
1	02928210	Anil Sharma	27/05/2010	Managing Director
2	00671894	Harvinder Singh	18/05/1994	Director
3	02936689	Deepak Kumar	12/02/2015	Independent Director
4	03158551	Hari Mohan Gupta	15/01/2011	Independent Director
5	10820579	Jubin Premji Gada	25/10/2024	Independent Director
6	10518738	Nilesh Harkesh Yadav	25/10/2024	Independent Director

II. CHANGE IN DIRECTORS AND KEY MANAGERIAL PERSONNEL:

During the year under review, following changes has been taken place in the directorship:

S. No.	DIN Number	Name of Directors	Appointment of Directors/Resig nation	Effective Date	Designation
1	10518738	Nilesh Harkesh Yadav	Appointment	Oct 25, 2024	Independent Director
2	10820579	Jubin Premji Gada	Appointment	Oct 25, 2024	Independent Director
3	03401815	Niraj Nabh Kumar	Resignation	Oct 25, 2024	Independent Director
4	08782437	Prashant Kumar	Resignation	Oct 25, 2024	Director
5	10062907	Saloni Mehra	Resignation	Oct 25, 2024	Independent Director
6	-	Amit Kumar	Resignation	Nov 11, 2024	Company Secretary & Compliance Officer
7	-	Srishty Bansal	Appointment	Nov 13, 2024	Company Secretary & Compliance Officer
8	07482589	Sandip Ghose	Resignation	Nov 13, 2024	Independent Director
9	-	Sushant Saxena	Resignation	Nov 28, 2024	CFO
10	-	Jignesh Keshav Barot	Appointment	Nov 28, 2024	CFO

NOTE: As of May 30, 2025, Mr. Deepak Kumar (DIN02936689) has resigned from the Board of Directors.

Ms. Dhananshree Bhaskar Patade (DIN:10931011) had joined the Board on May 30, 2025 and has resigned on July 30, 2025.

III. RETIRE BY ROTATION

In terms of the provisions of Section 152 of the Companies Act, 2013, Mr. Anil Sharma (DIN: 02928210), is liable to retires by rotation at the forthcoming Annual General Meeting of the Company and on being eligible offers himself for re-appointment as Director of the Company.

A brief resume of the Director, the nature of expertise in specific functional areas and names of Companies in which they hold Directorship and/or Membership/Chairmanship of Committees of the Board, as stipulated under Regulation 36 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, forms part of the Notice calling the Annual General Meeting of the Company.

IV. DECLARATION BY INDEPENDENT DIRECTORS

The Independent Directors of the Company have submitted their declaration of independence as required under Section 149(7) of the Companies Act, 2013 confirming that they meet the criteria of independence under Section 149(6) of the Companies Act, 2013 and Regulation 16 (1) (b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board is of the opinion that the Independent Directors fulfill the conditions specified in these Regulations and are independent of the management. There has been no change in the circumstances affecting their status as Independent Directors of the Company. Further, the Independent Directors of the Company possess requisite qualifications, experience and expertise in the field of finance and financial services and they hold the highest standards of integrity

V. BOARD MEETINGS

The Board of Directors of the Company met Ten (10) times during the financial year under review. The necessary quorum was present for all the Board Meetings. The maximum time gap between any of two consecutive meetings did not exceed one hundred and twenty days.

The notice and detailed agenda, and other material information were sent in advance to enable the Boardto discharge its responsibilities effectively and take informed decisions.

DATE OF MEETING	BOARD STRENGTH	NO. OF DIRECTORS PRESENT
30.05.2024	8	8
08.08.2024	8	8
16.08.2024	8	8
23.08.2024	8	8
25.10.2024	5	5
11.11.2024	7	7
13.11.2024	6	6
28.11.2024	6	6
04.02.2025	6	6
11.02.2025	6	6

VI. ATTENDANCE OF DIRECTORS IN THE BOARD MEETING

Name of Director	No. of Meeting Attended
ANIL SHARMA	10
HARVINDER SINGH	10
DEEPAK KUMAR	10
HARI MOHAN GUPTA	10

VII. BOARD COMMITTEES

With a view to have a more focused attention on business and for better governance and accountability, the Board has constituted various committees. The Board Committees meet at regular intervals and took necessary steps to perform the duties entrusted by the Board. The terms of reference of these Committees are determined by the Board and their relevance reviewed from time to time.

Currently, the Board has the following committees:

A. Audit Committee;

B. Nomination & Remuneration Committee;

C. Stakeholder Relationship Committee;

A. AUDIT COMMITTEE

The Audit Committee is constituted in accordance with the provisions of Section 177 of the Companies Act, 2013 and the provisions of Regulation 18 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulation"). The Committee comprises of members who possess financial and accounting expertise/exposure.

COMPOSITION

The Committee?s composition is in compliance with provisions of Section 177 of the Companies Act, 2013 and Regulation 18 of the Listing Regulations.

The composition of the Audit Committee as of March 31, 2025, is as under:

S. No. Name of the Person	Position	Category
1. Nilesh Harkesh Yadav	Chairperson	Non-Executive Independent Director
2. Jubin Premji Gada	Member	Non-Executive Independent Director
3. Hari Mohan Gupta	Member	Non-Executive Independent Director

There has been following changes in the constitution of the Audit Committee during the year under review.

S. No Name of the Director	Appointment/ Resignation	Position	Category
1 Mr. Niraj Nabh Kumar	Resignation	Chairman	Non-Executive Independent Directors
2 Ms. Saloni Mehra	Resignation	Member	Non-Executive Independent Directors
3 Mr. Prashant Kumar	Resignation	Member	Non-Executive Director
4 Hari Mohan Gupta	Appointment	Chairperson	Non-Executive Independent Director
			Member
5 Deepak Kumar	Appointment	Member	Non-Executive Independent Director Member
6 Harvinder Singh	Appointment	Member	Non-Executive Independent Director Member
7 Deepak Kumar	Resignation	Member	Non-Executive Independent Director Member
8 Harvinder Singh	Resignation	Member	Non-Executive Independent Director Member
9 Jubin Premji Gada	Appointment	Member	Non-Executive Independent Director Member
10 Nilesh Harkesh Yadav	Appointment	Chairperson	Non-Executive Independent Director Member

MEETINGS & ATTENDANCE OF DIRECTORS

The Audit Committee met four times during the Financial Year 2024-25 on

30.05.2024,

08.08.2024,

13.11.2025 and

11.02.2025,

The necessary quorum was present for all Meetings. The details of attendance of the members of the Committee at the said meetings are as follows:

S. Name of the Director No	Number of Meetings Held during Financial Year	Number of Meetings Attended
Mr. Hari Mohan 1 Gupta	4	4
2 Mr. Harvinder Singh	4	3
3 Mr. Deepak Kumar	4	3
4 Mr. Nilesh Harkesh Yadav	4	1
5 Mr. Jubin Premji Gada	4	1

It can be seen from the above details that the frequency of the Committee Meetings was in compliance with the minimum limit prescribed under applicable regulatory requirements

B. NOMINATION AND REMUNERATION COMMITTEE - (NRC)

The Nomination and Remuneration Committee is constituted in accordance with the provisions of Section 178 of the Companies Act, 2013 and the provisions of Regulation 19 of the Listing Regulation.

COMPOSITION

The Committee?s composition is in compliance with provisions of Section 178 of the Companies Act, 2013 and Regulation 19 of the Listing Regulations.

The composition of the Nomination & Remuneration Committee as on March 31, 2025, is as under:

S. No. Name of the Person	Position	Category
1. Nilesh Harkesh Yadav	Chairperson	Non-Executive Independent Director
2. Jubin Premji Gada	Member	Non-Executive Independent Director
3 Hari Mohan Gupta	Member	Non-Executive Independent Director

There have been following changes in the constitution of the Nomination & Remuneration Committee during the year under review.

S. No Name of the Director	Appointment/ Resignation	Position	Category
1 Mr. Sandip Ghose	Resignation	Chairman	Non-Executive Independent Directors
2 Ms. Saloni Mehra	Resignation	Member	Non-Executive Independent Directors
3 Mr. Prashant Kumar	Resignation	Member	Non-Executive Director
4 Hari Mohan Gupta	Appointment	Chairperson	Non-Executive Independent Director Member
5 Deepak Kumar	Appointment	Member	Non-Executive Independent Director Member
6 Harvinder Singh	Appointment	Member	Non-Executive Independent Director Member
7 Deepak Kumar	Resignation	Member	Non-Executive Independent Director Member
8 Harvinder Singh	Resignation	Member	Non-Executive Independent Director Member
9 Jubin Premji Gada	Appointment	Member	Non-Executive Independent Director Member
10 Nilesh Harkesh Yadav	Appointment	Chairperson	Non-Executive Independent Director Member

MEETINGS AND ATTENDANCE OF THE DIRECTORS

The Nomination & Remuneration Committee met four times during the Financial Year 2024-25 on

14.08.2024,

25.10.2024,

13.11.2024 and 28.11.2024.

The necessary quorum was present for all the Meetings.

The details of attendance of the members of the Committee at the said meetings are as follows:

S. No. Name of the Director	Number of Meetings Held during the Financial Year	Number of Meetings Attended
1 Hari Mohan Gupta	4	4
2 Deepak Kumar	4	4
3 Harvinder Singh	4	4

C. STAKEHOLDERS RELATIONSHIP COMMITTEE - (SRC)

The Stakeholder Relationship Committee is constituted in accordance with the provisions of Section 178 of the Companies Act, 2013 and the provisions of Regulation 20 of the Listing Regulation.

COMPOSITION

S. No. Name of the Person	Position	Category
1. Nilesh Harkesh Yadav	Chairperson	Non-Executive Independent Director
2. Jubin Premji Gada	Member	Non-Executive Independent Director
3 Hari Mohan Gupta	Member	Non-Executive Independent Director

There have been following changes in the constitution of the Stakeholder Relationship Committee during the year under review.

S. No Name of the Director	Appointment/ Resignation	Position	Category
1 Mr. Sandip Ghose	Resignation	Chairman	Non-Executive Independent Directors
2 Ms. Saloni Mehra	Resignation	Member	Non-Executive Independent Directors
3 Mr. Prashant Kumar	Resignation	Member	Non-Executive Director
4 Hari Mohan Gupta	Appointment	Chairperson	Non-Executive Independent Director Member
5 Deepak Kumar	Appointment	Member	Non-Executive Independent Director Member
6 Harvinder Singh	Appointment	Member	Non-Executive Independent Director Member
7 Deepak Kumar	Resignation	Member	Non-Executive Independent Director Member
8 Harvinder Singh	Resignation	Member	Non-Executive Independent Director Member
9 Jubin Premji Gada	Appointment	Member	Non-Executive Independent Director Member
10 Nilesh Harkesh Yadav	Appointment	Chairperson	Non-Executive Independent Director Member

MEETINGS AND ATTENDANCE OF THE DIRECTORS

The Stakeholder Relationship Committee met four times during the Financial Year 2024-25 on

09.04.2024,

14.08.2024,

11.11.2024 and

10.02.2025,

The necessary quorum was present for all Meetings.

The details of attendance of the members of the Committee at the said meetings are as follows:

S. No. Name of the Director	Number of Meetings Held during the Financial Year	Number of Meetings Attended
1 Hari Mohan Gupta	4	4
2 Deepak Kumar	4	3
3 Harvinder Singh	4	3
4 Nilesh Harkesh Yadav	4	1
5 Jubin Premji Yadav	4	1

VIII. MEETING OF INDEPENDENT DIRECTORS

The meeting was held on Nov 13, 2024

Name of the Independent S. No. Director	Whether the director was present or not
1. Nilesh Harkesh Yadav	Yes
2. Jubin Premji Gada	Yes
3 Hari Mohan Gupta	Yes
4. Deepak Kumar	Yes

IX. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

As per the provisions of Section 186 of the Companies Act, 2013, details regarding Loans, Guaranteesand Investments are given in the notes to the Financial Statements.

X. RELATED PARTY TRANSACTION

Your Company has formulated the policy on materiality of related party transactions and dealing with related party transactions.

All contracts/arrangements/transactions entered by the Company during the financial year under review with related parties were in the ordinary course of business and on an arms length basis.

XI. MATERIAL CHANGES AND COMMITMENTS

There have been no material changes which have occurred between the end of the financial year and the date of this report, affecting the financial position of the Company

XII. ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE AS PERSECTION 134 (3) (m) OF THE COMPANIES ACT, 2013

CONSERVATION OF ENERGY:

Since the Company is not engaged in any manufacturing activity, issues relating to conservation of energy and technology absorption are not relevant to its functioning.

TECHNOLOGY ABSORPTION:

The Company has not imported any technology. Hence, the particulars withrespect to efforts made towards technology absorption and benefits derived, etc., are not applicable to the Company.

EXPORT ACTIVITIES:

There was no export activity in the Company during the year under review. The Company is not planning any exports in the near future as well.

FOREIGN EXCHANGE EARNINGS AND OUTGO:

There were no Foreign Exchange earnings and outgo duringthe year under review.

XII. POLICIES

The Company has posted the following documents on its website:

1. Code of Conduct and Ethics

2. Vigil?s Mechanism Policy

3. Risk Management Policy

4. Policy on criteria for determining the Materiality of events or information.

5. Preservation of Documents & Archival Policy.

6. Familiarisation programme for Independent Director.

7. Policy on Board Diversity

8. Related Party Transaction Policy.

9. Code of practices & procedures for fair disclosure of price-sensitive information

XIII. VIGIL MECHANISM POLICY

Pursuant to Section 177 of the Companies Act, 2013 and Regulation 22 of Listing Regulations, your Company has established a mechanism called ‘Vigil Mechanism (Whistle Blower Policy) for Directors, employees and Stakeholders of the Company to report to the appropriate authorities about unethical behaviour, actual or suspected, fraud or violation of the Company?s code of conduct or ethics policy and provides safeguards against victimisation of employees who avail the mechanism.

The Whistle Blower can directly approach the Chairperson of the Audit Committee of the Company and make protective disclosures about the unethical behaviour, actual or suspected fraud or violation of the Companys Code of Conduct in exceptional circumstances

XIV. RISK MANAGEMENT

The Company has a robust Risk Management framework to identify, measure and mitigate business risks and opportunities.

This framework seeks to create transparency, minimise adverse impact on the business objective and enhance the Company?s competitive advantage. This risk framework thus helps in managing market, credit and operations risks and quantifies exposure and potential impact at a Company level.

XV. POLICY ON DIRECTORS? APPOINTMENT AND REMUNERATION

The Board, on recommendation of the Nomination and Remuneration Committee, has framed a policy on Directors? appointment and remuneration.

The policy, inter alia, provides

a. the criteria for determining qualifications, positive attributes and independence of directors and

b. policy on remuneration of directors, key managerial personnel and other employees.

The policy is directed towards a compensation philosophy and structure that will reward and retain talent and provides for a balance between fixed and incentive pay reflecting short and long-term performance objectivesappropriate to the working of the Company and its goals.

XVI. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS

There are no significant material orders passed by the Regulators / Courts which would impact the going concern status of the Company and its future operations.

XVII. INTERNAL CONTROL SYSTEM

The Company has an internal control system commensurate with the scale, size and the operation of the organization.

It evaluates the adequacy of all internal controls and processes, and ensures strict adherence to clearly laid down processes and procedures as well as to the prescribed regulatory and legal framework.

XVIII. AUDITORS

M/s Goel Mintri & Associates, Chartered Accountants, (FRN 013211N) had resigned w.e.f. 16 August 2024, and in place of him, M/s. Sumit Ranka & Associates, Chartered Accountants (FRN: 147837W) had filled the casual vacancy raised due to the resignation of the previous auditor.

The Board appointed M/s. Sumit Ranka & Associates, Chartered Accountants (FRN: 147837W), as Statutory Auditors of the Company for the next 5 years from the Annual General Meeting held for Financial Year 2023-24 on September 28, 2024

However, M/s. Sumit Ranka & Associates, Chartered Accountants (FRN: 147837W), resigned w.e.f. August 07, 2025 and in place of him, M/s. B. M. Gattani & Co., Chartered Accountants (FRN: 113536W) has filled the casual vacancy raised due to the resignation of the previous auditor.

The Board of Directors of the Company has proposed the appointment of M/s. B. M. Gattani & Co., Chartered Accountants (FRN: 113536W) as Statutory Auditors of the Company for the next 5 Financial Years from this 40^th Annual General Meeting to 45^TH Annual General Meeting to be held in FY 2030

XIX. ANNUAL EVALUATION

In terms of the provisions of the Act read with Rules issued thereunder and Listing Regulations, the Board of Directors in consultation with the Nomination and Remuneration Committee, has formulated a framework containing, inter alia, the criteria for performance evaluation of the entire Board of the Company, its committees and individual directors, for the Financial Year 2024-25. The Board Evaluation process was carried out to ensure that the Board and various Committees of the Board have an appropriate composition and they have been functioning collectively to achieve the business goals of the Company. Directors were evaluated on their contribution at Board/ Committee meetings and guidance & support to the management outside Board/Committee meetings and other parameters as specified by the Nomination and Remuneration Committee of the Company. The Directors were satisfied with the evaluation results, which reflected the overall engagement of the Board and its Committees

XX. AUDITORS? REPORT

Report of the Statutory Auditors on Annual Financial Statements along with schedules and notes to accounts thereto, for the year ended on 31^st March, 2025, is self-explanatory and contains no adverse remark and does not call for any comments.

XXI. EXPLANATION TO AUDITOR?S REMARKS

The comments on the Auditor?s Report are self-explanatory; thus, no explanation is required to be given.

XXII. INTERNAL FINANCIAL CONTROL

The Company has put in place adequate internal financial controls with reference to the financial statements, some of which are outlined below:

Your Company has adopted accounting policies which are in line with the Accounting Standards prescribed in the Companies (Accounting Standards) Rules, 2006 that continue to apply under Section 133 and other applicable provisions, if any, of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014. These are in accordance with generally accepted accounting principles in India.

Changes in policies, if any, are approved by the Audit Committee in consultation with the Auditors.

XXIII. CORPORATE GOVERNANCE

In terms of the provisions of Clause (a) of Sub-Regulation (2) of Regulation 15 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended SEBI (LODR) Regulations, compliance with the corporate governance provisions as specified in regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clauses (b) to (i) of subregulation (2) of regulation 46 and para C, D and E of Schedule V shall not apply, in respect of the listed

entity having paid up equity share capital not exceeding rupees ten crore and net worth not exceeding rupees twenty-five crore, as on the last day of the previous financial year.

Since the Paid-up Equity Share Capital of the Company was below Rs. 10 Crore as at March 31, 2025 (being the last day of the previous financial year) and the Net worth of the Company was below Rs. 25 Crores as at March 31, 2025 (being the last day of the previous financial year), the provisions of Corporate Governance as stipulated under SEBI LODR Regulations are not applicable to the Company.

XXIV. SECRETARIAL AUDITOR AND THEIR REPORT

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Rules made thereunder, Ms. Anuj Gupta, Partner of Anuj Gupta and Associates, a Company Secretaries Firm in Practice was appointed to conduct the secretarial audit for the financial year 2024-25.

The Secretarial Audit Report in MR-3, submitted by the Secretarial Auditor for the FY 2024-25, is annexed to the Directors? Report as Annexure A.

XXV. BOARD?S RESPONSE TO THE OBSERVATIONS/QUALIFICATIONS IN THE SECRETARIAL AUDIT REPORT

The Secretarial Auditors have submitted their report in form No. MR-3 and qualified their opinion/observations in respect of the Secretarial Audit conducted for the financial year 2024-25 and the Board?s responses are given with respect to the qualification/ observation as follows:

The Company has overcome with the previous year?s discrepancies w.r.t the Compliances. However, the management ensures to do all the compliance in future.

XXVI. COMPLIANCE OF SECRETARIAL STANDARDS

The Company has complied with the Secretarial Standard 1 (SS-1) relating to the meetings of the Board of Directors and Secretarial Standard 2 (SS-2) relating to the General meetings issued by the Institute of Company Secretaries of India and approved by the Central Government.

XXVII. PARTICULARS OF EMPLOYEES

A. The ratio of the remuneration of each director to the median employee?s remuneration and other details in terms of sub-section 12 of Section 197 of the Companies Act, 2013 read with Rule 5(1) of theCompanies (Appointment and remuneration of Managerial Personnel) Rules, 2014, are forming part ofthis report and is annexed as "Annexure - B" to this Report.

B. The statement containing particulars of employees as required under Section 197(12) of the Companies Act, 2013, read with Rule 5(1) and Rule 5 (3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, forms part of this report. In terms of Section 136 of the Companies Act, 2013 the same is open for inspection at the Registered Office of the Company. Copies of this statement may be obtained by the members by writing to the Company Secretary.

C. There are no employees employed throughout the financial year in receipt of remuneration of one crore and two lakh rupees or more or employed for part of the year in receipt of eight lakh and fifty thousand rupees per month or more, to be reported under Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

D. There are no employees employed throughout the financial year or part thereof, was in receipt of remuneration in that year, which, in the aggregate, is in excess of that drawn by the managing director and holds by himself or along with his spouse and dependent children, not less than two percent of the equity shares of the company.

XXVIII. CORE SKILLS/EXPERTISE/COMPETENCIES

As stipulated under Schedule V of the Listing Regulations, 2015, core skills/expertise/competencies, the board has identified the skills/expertise/competencies for its effective functioning as required in the context of the business and sector, and those actually available with the Board.

XXIX. MANAGEMENT DISCUSSION & ANALYSIS REPORT

As stipulated under Regulation 34 read with Part B of Schedule V of Listing Regulations, the details pertaining to Internal Financial Control systems and their adequacy have been disclosed in the Management Discussion and Analysis Report forming part of this Annual Report.

XXX. COST AUDIT

Cost Audit specified under Section 148 of the Companies Act, 2013 does not apply to the Company since the turnover of the Company is less than the limit prescribed.

XXXI. LISTING

The equity shares of the Company are listed with BSE Limited with Scrip Code No. 539983.

XXXII. TRADING IN SHARES OF THE COMPANY

The Equity Shares of your Company are presently listed on BSE Limited (BSE).

XXXIII. CORPORATE SOCIAL RESPONSIBILITY

As the provisions relating to the Corporate Social Responsibility (CSR) as prescribed under Section 135 of the Companies Act, 2013, along with Rules made thereunder, are not applicable to our Company and therefore, neither the CSR Committee nor the CSR Policy are required to be framed by the Company.

XXXIV. GREEN INITIATIVES

Electronic copies of the Annual Report 2024-24, along with the Notice of the 40^th AGM, are sent to all members whose email addresses are registered with the Company/depository participants. For members who have not registered their email addresses, physical copies are sent in the permitted mode.

XXXV. FRAUD REPORTING (REQUIRED UNDER THE COMPANIES (AMENDMENT) ACT, 2015)

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

XXXVI. DETAILS OF APPLICATION / ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016

Neither any application was made nor any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the financial year under review.

XXXVII. DETAILS OF DIFFERENCE BETWEEN THE 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

As the Company has not done any one-time settlement during the year under review hence no disclosure is required.

XXXVII. DIRECTORS RESPONSIBILITY STATEMENT

As required under clause (c) of sub-section (3) of section 134 of the Act, the directors of your Company, to the best of their knowledge and belief, state that:

1. In the preparation of the annual accounts for the financial year ended on 31 March 2025, the applicable accounting standards had been followed along with a proper explanation relating to material departures;

2. 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 as at 31 March 2025 and of the profit and loss of your Company for the financial year ended 31 March 2025;

3. They have taken proper and sufficient care 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;

4. the annual accounts for the financial year ended on 31 March 2025 have been prepared on a going concern basis;

5. they have laid down internal financial controls to be followed by the Company and that, to the best of their knowledge, examination and analysis, such internal financial controls have been adequate and were operating effectively and

6. they have devised proper systems to ensure compliance with the provisions of all applicable laws and that, to the best of their knowledge, such systems were adequate and were operating effectively.

XXXVIII. ORDERLY SUCCESSION TO BOARD AND SENIOR MANAGEMENT

One of the key functions of the Board of Directors is selecting, compensating, monitoring and, when necessary, replacing the members of the Board of Directors and the senior managerial personnel, including the KMPs. Further, the Nomination and Remuneration Committee is instrumental in identifying successors for Board members and senior management, thereby aligning the succession plans with the Company?s strategic and long-term goals.

Pursuant to regulation 17(4) of the Listing Regulations, 2015, the framework of succession planning for the Board and senior management was placed before the Board for its review. During the year under review, the Board of the Company has satisfied itself that the plans are in place for the orderly succession of such appointments.

XXXIX. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMAN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

The Company has zero tolerance for sexual harassment at workplace and has set up Committee for safety of women employees at workplace. During the year Company has not received any complaint of harassment.

S. NO Particulars	Status
1 Number of complaints of sexual harassment received during the financial year	0
2 Number of complaints disposed of during the financial year	0
3 Number of complaints pending for more than 90 days as at the end of the financial year	0
4 Number of complaints pending for more than 90 days as at the end of the financial year	0
5 Has the Company complied with the provisions relating to the constitution of the Internal Complaints Committee under the Act?	Yes

XL. GENDER-WISE EMPLOYEE STRENGTH (AS ON MARCH 31, 2025)

S. No. Gender	No. of Employees
1 Male	1
2 Female	1
3 Transgender	0
Total	2

XLI. MATERNITY BENEFIT ACT 1961

"The Company confirms that it is in compliance with the applicable provisions of the Maternity Benefit Act, 1961, including provisions relating to maternity leave, nursing breaks, and the establishment of creche facilities, wherever required."

ACKNOWLEDGEMENT

"Your directors place on the record their sincere appreciation for the significant contribution made by the employees through their dedication, hard work and commitment, and the trust reposed in them and also acknowledge with gratitude the excellent cooperation extended by Bankers and Vendors. They are looking forward to their support in all future endeavours