Silkflex Polymers (India) Ltd Directors Report

To

The Members,

Silkflex Polymers (India) Limited

Your directors are pleased to present the 9^th (Ninth) Annual Report on the business and operations of the M/s Silkflex Polymers (India) Limited ("Company") along with the Audited Financial Statements and Auditors Report for the Financial Year ("FY") ended 31^st March, 2025.

1. FINANCIAL RESULTS

The summarized financials of your Company are given in the table below.

Particulars	Current Year 2024-25	Previous Year 2023-24
Revenue from Operations	8,015.62	5,027.29
Other Income	35.65	24.95
Total Income	8,051.27	5,052.24
Total Expenses	7072.81	4478.87
Profit/(Loss) from operations before Exceptional Items, Depreciation & Taxation	978.46	573.37
Depreciation & Amortization	38.30	48.04
Net Profit/(Loss) from operations before Tax	940.16	525.33
Tax Expenses
Current Tax	241.66	135.34
Deferred Tax	(154)	(2.93)
Net Profit/ (Loss) After Tax	700.04	392.92

2. FINANCIAL PERFORMANCE/ STATE OF COMPANYS AFFAIRS

The brief highlights of the Companys performance for the financial year (‘FY) ended March 31, 2025 are:

t 8,015.62 lakhs

Total income of the Company for FY 2024-25 stood at t 8,015.62 lakhs (t 5052.24 lakhs in FY 2023-24)

t 978.46 lakhs

Profit from operations before Exceptional Items, Depreciation, & Taxation stood at t 978.46 lakhs.

t 940.16 lakhs

Profit from operations before Tax (PBT) stood at t 940.16 lakhs. Net profit for the period stood at t 700.04 lakhs.

• The Company successfully completed its Initial Public Offering (IPO), raising capital through the issuance of 34,82,000 (Thirty-Four Lakhs Eighty-Two Thousand) equity shares of face value Rs.10/- each at a premium of Rs.42/- per share, aggregating to Rs.52/- per share.

• The total IPO proceeds amounted to Rs. 18,10,64,000/- (Rupees Eighteen Crores Ten Lakhs Sixty-Four Thousand only).

• The equity shares of the Company were listed on the NSE SME Platform of the National Stock Exchange of India Limited with effect from May 15, 2024.

3. MANAGEMENT DISCUSSION AND ANALYSIS

In terms of the provisions of Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred as the "SEBI Listing Regulations"), the Management Discussion and Analysis is set out in this Annual Report and provides a detailed analysis on the performance of businesses and their outlook.

4. ACCOUNTING POLICY

These financial statements have been prepared in accordance with the Generally Accepted Accounting Principles in India (‘Indian GAAP) to comply with the Accounting Standards specified under Section 133 of the Companies Act, 2013, as applicable. The financial statements have been prepared under the historical cost convention on accrual basis, except for certain financial instruments which are measured at fair value.

5. DIVIDEND

With a view to meet future requirements of projects and to strengthen the financial position of the Company, the Board of Directors have decided not to recommend any dividend on Equity Shares of the Company for the financial year ended March 31, 2025.

6. TRANSFER TO RESERVES

During the year ended March 31,2025, no amount (previous year: nil) transferred to general reserves.

7. CAPITAL STRUCTURE

The capital Structure of the Company as on 31^st March, 2025:

Share Capital	Amount
Authorized Share Capital:
1,35,00,000 Equity Shares @ Re.	1,350.00
10/- each:
TotalJ	1,350.00
Issued/Subscribed and Fully Paid-up Share Capital:
11,60,7000 Equity Shares @ Rs.	1,160.70
10/- each fully paid up
Total"!	1,160.70

Increase in Issued/Subscribed and Fully Paid-up Share Capital in the FY under review has resulted after IPO dated May, 2025 Initial Public Offering (IPO) in May, 2025

During the period under review, the Company issued and allotted 34,82,000 (Thirty-Four Lakhs Eighty-Two Thousand) equity shares of face value Rs.10/- (Rupees Ten only) each, fully paid-up, pursuant to its Initial Public Offering (IPO). As a result, the Paid- up Share Capital of the Company increased from Rs.8,12,50,000/- (Rupees Eight Crores Twelve Lakhs Fifty Thousand only), comprising 81,25,000 (Eighty-One Lakhs Twenty-Five Thousand) equity shares of Rs.10/- each, to Rs.11,60,70,000/- (Rupees Eleven Crores Sixty Lakhs Seventy Thousand only), comprising 1,16,07,000 (One Crore Sixteen Lakhs Seven Thousand) equity shares of Rs.10/- each.

The proceeds from the IPO have been utilized in accordance with the objects stated in the Prospectus.

8. UTILIZATION OF FUNDS

The reporting of the utilization of funds, as on March 31, 2025, raised through the above Initial Public Offering are as follows:

Original Object	Modified Object, if any	Original Allocation (Rs. In Lakhs)	Modified allocation, if any	Funds Utilised (Rs. In Lakhs)	Amount of Deviation/ Variation for the quarter according to applicable object	Remarks if any
Acquisition of Land	Not Applicable	553.49	Not Applicable	553.49	Not Applicable	Not Applicable
Funding of capital expenditure requirements of our Company towards purchase of Plant and Machineries	Not Applicable	207.82	Not Applicable	207.82	Not Applicable	Not Applicable
Funding Working Capital Requirements of our Company	Not Applicable	468.00	Not Applicable	468.00	Not Applicable	Not Applicable
General corporate purposes	Not Applicable	410.73	Not Applicable	410.73	Not Applicable	Not Applicable
Issue related Expenses	Not Applicable	170.60	Not Applicable	170.60	Not Applicable	Not Applicable
Total		1810.64		1810.64

9. SHARES

a. Buy Back of Securities

The Company has not bought back its shares, pursuant to the provisions of Section 68 of the Act and Rules made thereunder during the period under review.

b. Sweat Equity

The Company has not issued any Sweat Equity Shares to its Directors or employees during the period under review.

c. Bonus Shares

The Company has not issued any Bonus Issue Share during the period under review.

d. Employee Stock Option Plan

The Company has not provided any Stock Option Scheme to the employees.

10. MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY

Institutional Investor Meet and Earnings Conference Call

During the financial year, the Company hosted its first postlisting Institutional Investor Meet and Earnings Conference Call on May 21, 2025. The event served as a platform to present the Companys financial performance for the Second Half Year and Financial Year 2024-25, strategic business updates, and future outlook. The session featured presentations by the Chairman & Managing Director and the Whole-time Director & CFO, followed by an interactive Q&A session with analysts and investors. Discussions covered the Companys expansion plans, IPO proceeds utilization, ongoing capex for the manufacturing unit at Vadodara, market potential in textile and wood coating segments, and the transition to a hybrid business model through local manufacturing. The transcript of the call was submitted to the National Stock Exchange and is also available on the Companys website at https://silkflexindia.in/wp-

content/uploads/Silkflex-Polvmers-India-Ltd-H2-FY25- Concall-Transcript-Changes-Accepted.pdf.

Except for the above there have been 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 this report.

11. BOARD OF DIRECTORS

The details of Board of Directors of the Company for the Financial Year 2024-25 and as on date of this Report are as follows:

During the period under review there is no change in the composition of the Board of Directors. No Director has been appointed or resigned during the Financial Year2024-25.

Retire by Rotation

In accordance with the provisions of the Companies Act, 2013 and Articles of Association of the Company, Mr. Rajendrakumar Mohanlal Shah (DIN: 00200267), NonExecutive Non-Independent Directors of the Company, will retire by rotation at the ensuing Annual General Meeting ("AGM") and Mr. Raj Nitin Mehta (DIN: 1125342) will be appointed in place of the Retiring Director.

Your Directors recommend his re-appointment. The detailed profile of Mr. Raj Nitin Mehta seeking appointment at the forthcoming AGM as required under Secretarial Standard on General Meetings and Regulation 36 of the Listing Regulations is provided separately by way of an Annexure to the Notice of the AGM.

12. DECLARATION BY INDEPENDENT DIRECTORS As per the requirement of Section 134(3)(d) of the Companies Act, 2013 , all Independent Directors have given declaration as required under Section 149(7) of the Companies Act, 2013 confirming that they meet the criteria of Independence as laid by provision of Section 149(6) of the Companies Act, 2013 and under Regulations 16 and 25 of SEBI Listing Regulations and there has been no change in the circumstances affecting their status as independent directors of the Company.

In the opinion of the Board, the Independent Directors of the Company are the persons of integrity, expertise and fulfill the conditions as per the applicable laws and are independent of the management of the Company.

13. BOARD EVALUATION

Nomination and Remuneration Committee has laid down the criteria for evaluation of performance of the Board, its committees and the directors. In compliance with Sections 134, 178 and Para II, V and VIII of Schedule IV of the Act and Regulation 17 of Para A of Part D of Schedule II of the Listing Regulations, the Board of Directors, as per the process recommended by the Nomination and Remuneration Committee, has evaluated the effectiveness of the Board, its Committees and Directors. The evaluation process invited responses to a structured questionnaire for each aspect of the evaluation. All the results were satisfactory.

Board assessment is conducted through a structured questionnaire. All the Directors participated in the evaluation process. Further, a meeting of the Independent Directors was conducted to review the performance of the Board as a whole and that of Non-Independent Directors.

The evaluation results were discussed at the meeting of Board of Directors, Committees and the Independent Directors meeting. The Directors were satisfied with the overall corporate governance standards, Board performance and effectiveness.

14. NUMBER OF MEETINGS OF THE BOARD

Twelve meetings of the Board of Directors were held during the year. The maximum interval between any two meetings did not exceed 120 days, as prescribed in the Act and the Listing Regulations. Details of the Board Meetings are provided in "Annexure - I" to this Report.

15. BOARD COMMITTEES

In order to strengthen functioning of the Board, the Board of Directors have constituted following Committees as per the requirement of the Act and the Listing Regulations:

(i) Audit Committee

(ii) Nomination & Remuneration Committee

(iii) Stakeholders Relationship Committee

Details of the Committees along with their terms of references, composition and meetings held during the Financial Year under review are provided in "Annexure - I" to this Report.

16. DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 134(3)(c) read with Section 134(5) of the Act, on the basis of information placed before them,; the Directors confirms that: -

i) In preparation of Annual Accounts for the Financial Year ended 31st March, 2025, the applicable accounting standards have been followed along with proper explanation relating to material departures.

ii) In preparation of Annual Account, your directors have selected relevant accounting policies and applied them consistently made 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 financial year 2024-25 and of the profit of the company for the period.

iii) Proper and sufficient care has been taken for maintenance of adequate accounting records in accordance with the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

iv) Company has prepared the annual accounts on a going concern basis.

v) Company has laid down internal financial controls and that such internal financial controls are adequate and were operating effectively.

vi) Company has laid down systems to ensure compliance with the provisions of all applicable law and that such systems are adequate and operating effectively.

17. KEY MANAGERIAL PERSONNEL

In terms of section 203 of the Companies Act, 2013, the Key Managerial Personnel of the Company are Mr. Tushar Lalitkumar Sanghavi, Managing Director, Mrs. Urmi Raj Mehta, Whole Time Director & Chief Financial Officer and Ms. Nikita Jaiswal, Company Secretary & Compliance Officer.

During the under review, below were the changes in the Key Managerial Personnel of the Company:

a. Mr. Sourabh Sharma, resigned as the Company Secretary & Compliance Officer of the Company w.e.f. close of business hours of 1^st June, 2024.

b. Ms. Nikita Jaiswal, appointed as the Company Secretary & Compliance Officer of the Company w.e.f. 5^th July, 2025.

The details of remuneration paid to the KMPs is forming part of the Balance Sheet and specifically mentioned in Note No. 28 of Related Party Transactions.

18. POLICIES

The Board of Directors of your Company, from time to time have framed and revised various Polices as per the applicable Acts, Rules, Regulations and Standards for better governance and administration of the Company. The Policies are made available on the website of the Company at https://www.silkflexindia.in/policies/. The policies are reviewed periodically by the Board and updated based on need and requirements.

19. NOMINATION AND REMUNERATION POLICY

The abridged policy framed by Nomination & Remuneration Committee is as follows-

The company while appointing the Directors, the Committee shall give due consideration to their experience in Finance/ Law/ Management/ Sales/Marketing/ Administration/ deliberations of Board/ Corporate Governance or the other disciplines related to companys business..

NEDs shall be paid a sitting fee for every meeting of the board and committee thereof attended by them as member. The amount of sitting fees shall be paid in accordance with the decision of the Board, subject to ceiling/ limits as provided u/s 197(5) Companies Act, 2013 read with rule 4 of Companies (Appointment & Remuneration of Managerial Personnel) rules, 2014.

Remuneration to Executive Director/ Key Managerial Personnel and Senior Management will be such as to ensure that the relationship of remuneration to performance is clear and meets appropriate performance benchmarks and may involve a balance between fixed and incentive pay reflecting short and long term performance objectives appropriate to the working of the Company and its goals.

The Policy of the Company on Directors Appointment and Remuneration including criteria for determining qualifications, positive attributes, independence of a Director and other matters provided under sub-section (3) of section 178, has been placed on the website of the Company and the web link of the same is as follows: https://www.silkflexindia.in/policies/.

20. VIGIL MECHANISM AND WHISTLE BLOWER POLICY

The Company has established Vigil Mechanism for Directors and employees to report their genuine concerns about unethical behavior, actual or suspected fraud or violation of the Companys Code of Conduct and provide adequate safeguard against their victimization as provided in Section 177 of the Companies Act, 2013 and rules made there under. The Company promotes ethical behavior in all its business activities and in line with the best governance practices.

The Whistle Blower Policy aims to:

¦ allow and encourage stakeholders to bring to the managements notice concerns about unethical behavior;

¦ ensure timely and consistent organisational response;

¦ cultivate and fortify a culture of transparency and trust; and

¦ provide protection against victimisation.

In accordance with the provisions of Section 177(9) of the Act, read with Rule 7 of the Companies (Meeting of the Board and its Powers) Rules, 2014 and Regulation 22 of the Listing Regulations, the Directors and the employees have direct access to the Chairman as well as the Members of the Audit Committee. No person was denied access to the Audit Committee. Vigil Mechanism and Whistle Blower Policy is available on the website of the Company at https://silkflexindia.in/wp-content/uploads/3.-vigil- mechanism-whistler-blower-policy.pdf.

All the Board Members and the Senior Management personnel have confirmed compliance with the Code.

21. CORPORATE SOCIAL RESPONSIBILITY

The key philosophy of all CSR initiatives of the Company is to make CSR a key business process for sustainable development of the society. The initiatives aim at enhancing welfare measures of the society. The Company intends to undertake other need based initiatives in compliance with Schedule VII of the Act. During the year, the Company has spent Rs. 5.02 lakhs. (Refer note 25 of the financial statement).

The brief outline of the Corporate Social Responsibility ("CSR") policy of the Company and the initiatives undertaken by the Company on CSR activities during the Financial Year under review are set out as "Annexure - II" and forms a part of this Annual Report. The CSR Policy may be accessed on the Companys website at https://silkflexindia.in/wD-content/uDloads/CSR- Policy.pdf.

22. INTERNAL FINANCIAL CONTROL AND ITS ADEQUACY

The Company has adequate internal control procedures, commensurate with the size, scale and complexity of its operations. The Audit Committee has a process for timely check for compliance with the operating systems, accounting procedures and policies.

During the year, such controls were tested and no reportable material weakness in the design or operation was observed.

23. MANAGEMENT DISCUSSION AND ANALYSIS

The Managements Discussion & Analysis Report of the Company for the Financial Year 2024-25 as required under the Act, and Regulation 34(2)(e) read with Schedule V of the Listing Regulations had been specified in "Annexure - III" forming part of this Report.

24. PARTICULARS OF EMPLOYEES AND RELATED DISCLOSURES

There are 31 employees as on 31^st March, 2025.

In terms of the provisions of Section 197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, a

statement containing the disclosures pertaining to remuneration and other details has been appended as "Annexure - IV" to this Report.

The statement containing the names of top ten employees in terms of remuneration drawn and the particulars of employees as required under Section 197(12) of the Companies Act, 2013 read with Rule 5(2) of the aforementioned Rules will be made available on request sent to the dedicated email address of the Company at investors@silkflexindia.in.

25. COMPLIANCE OF SECRETARIAL STANDARDS OF ICSI

In terms of Section 118(10) of the Act, the Company states that the applicable Secretarial Standards i.e., SS-1 and SS-2, issued by the Institute of Company Secretaries of India, relating to Meetings of the Board of Directors and General Meetings respectively, have been duly complied with.

26. AUDITORS AND AUDITORS REPORT

a. Statutory Auditors

Pursuant to the provisions of Section 139 of the Act read with rules thereunder, the shareholders of the Company at the 6th AGM held on 27th July 2022, approved appointment of M/s M B Jajodia & Associates, Chartered Accountants (ICAI Firm Registration Number 0139647W) as the Statutory Auditors of the Company for a term of 5 consecutive years commencing from the conclusion of 6 th AGM till the conclusion the 11th AGM of the Company i.e., from FY 2022-23 to FY 2026-27.

M/s. M B Jajodia & Associates, have confirmed that they are within the limits specified under Section 141(3)(g) of the Companies Act, 2013 and they are not disqualified to act as Statutory Auditors in terms of the provisions of Sections 139 and 141 of the Companies Act, 2013 and the Companies (Audit and Auditors) Rules, 2014.

As required under Regulation 33(1)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, M/s. M B Jajodia & Associates., have confirmed that they hold a valid certificate issued by the Peer Review Board of the Institute of Chartered Accountants of India.

The Statutory Auditors Report to the shareholders for the year under review does not contain any modified opinion or qualifications and the observations and comments given in the report of the Statutory Auditors Notes to accounts are self-explanatory and hence do not call for any further explanation or comments under Section 134(f)(i) of the Companies Act, 2013.

b. Secretarial Auditors

The Board of Directors at its meeting held on 31st May, 2024, had appointed M/s. Insiya Nalawala & Associates, Practicing Company Secretaries, as the Secretarial Auditors of the Company for a period of five years from FY 2024-25 to FY 2028-29. However, due to pre-occupation with other professional assignments, the said firm tendered its resignation with effect from 31^st March, 2025, resulting in a casual vacancy in the office of the Secretarial Auditor.

To fill the said vacancy, the Board, at its meeting held on 4th April, 2025, appointed Ms. Kavita Shaw, Practicing Company Secretary, as the Secretarial Auditor of the Company to conduct the Secretarial Audit for FY 2024-25.

The Secretarial Audit Report of the Company as prescribed under Section 204 of the Act is annexed herewith as "Annexure - V" and forms an integral part of this Report.

The Secretarial Audit Report does not contain any qualification, reservation and adverse remarks and the comments given by the Secretarial Auditors in their report are self-explanatory and hence, do not call for any further explanations or comments under Section 204(3) of the Act.

The Board has also re-appointed Ms. Kavita Shaw, Practicing Company Secretary to conduct secretarial audit of the Company for the FY 2025-26.

c. Internal Auditors

The Board of Directors at its meeting held on 31st May, 2024, had appointed M/s. Arham & Associates, Chartered Accountants, as the Internal Auditors of the Company for a period of five years from FY 2024-25 to FY 2028-29. However, due to professional commitments/other engagements, the said firm tendered its resignation with effect from 26^th May, 2025.

The Board, at its meeting held on 5^th June, 2025, appointed M/s. Ankit Gadiya & Associates, Chartered Accountants, as the Internal Auditor of the Company for FY 2025-26.

27. MAINTENANCE OF COST RECORDS

The Ministry of Corporate Affairs vide Notification dated December 31, 2014, made amendment in the Companies (Cost Records and Audit) Rules, 2014, through Companies (Cost Records and Audit) Amendment Rules, 2014. As per the Amendment Rules, the Company is exempted from the requirement to conduct Cost Audit.

28. REGISTRAR AND SHARE TRANSFER AGENT

The share transfer and related activities are being carried out by M/s. Bigshare Services Private Limited, Registrar and Share Transfer Agent from the following address: M/s. Bigshare Services Private Limited, Office No S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai - 400 093, Maharashtra, India.

29. INSTANCES OF FRAUD, IF ANY REPORTED BY THE AUDITORS

During the year under review, the neither the Statutory Auditors nor Secretarial Auditors nor Cost Auditors have reported any incident of fraud to the Audit Committee or the Board during the year under review under Section 143(12) of the Companies Act, 2013 and therefore, no details are required to be disclosed under Section 134(3)(c)(a) of the Companies Act, 2013.

30. ANNUAL RETURN

Pursuant to Section 92(3) read with section 134(3) (a) of the Act, copies of the Annual Returns of the Company prepared in accordance with Section 92(1) of the Act read with Rule 11 of the Companies (Management and Administration) Rules, 2014 is hosted on the website of the Company at https://silkflexindia.in /annual-return-mgt-7/.

31. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

The Company does not have any Subsidiary, Associate Company or Joint Venture during the year under review.

32. CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES

All contracts / arrangements / transactions entered by the Company during the financial year with related parties were in the ordinary course of business and on an arms length basis. There were no materially significant related party transactions which could have potential conflict with the interest of the Company at large. During the year, the Company had not entered into any contract/ arrangement/ transaction with related parties which could be considered material in accordance with the policy of the Company on the materiality of related party transactions.

The particulars of contracts or arrangements, with related parties referred to in Section 188(1) of the Act, in the prescribed Form AOC-2, is appended as "Annexure - VI" to this report.

The Policy on Materiality of Related Party Transactions and Dealing with Related Party Transactions may be accessed on the Companys website at https://silkflexindia.in/wp- content/uploads / 7. -policy-on-materiality-of-related- party-transactions .pdf.

Attention of the members is drawn to the disclosures of transactions with the related parties is set out in Note 28 in the Notes to Accounts forming part of the financial statement.

33. RISK MANAGEMENT

The Company has laid down a Risk Management Policy and the same is available on the website of the Company at https://silkflexindia.in/policies-code-of-conduct/.

34. BUSINESS RESPONSIBILITY AND SUSTANIBILITY REPORT (BRSR)

The Business Responsibility and Sustainability Report as per regulation 34(2) of SEBI Listing Regulations is not applicable to the Company as the Company does not fall under top 1000 listed companies on the basis of market capitalization.

35. DIVIDEND DISTRIBUTION POLICY

Pursuant to regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, top 1000 listed companies based on market capitalization are required to formulate a Dividend Distribution Policy. Accordingly, your Company is not required to formulate the Dividend Distribution Policy as the Company does not fall under top 1000 listed companies on the basis of market capitalization.

36. DEPOSITS

During the year under review, the Company has neither accepted any deposits nor there were any amounts outstanding at the beginning of the year which were classified as "Deposits" in terms of Section 73 of the Act read with the Companies (Acceptance of Deposit) Rules,

2014 and hence, the requirement for furnishing of details of deposits which are not in compliance with the Chapter V of the Companies Act, 2013 is not applicable.

37. ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The information required under Section 134(3)(m) of the Act, read with Rule 8 of the Companies (Accounts) Rules, 2014 for conservation of energy, technology absorption, foreign exchange earnings and outgo is provided as "Annexure - VI" to this Report.

38. CODE OF CONDUCT FOR PREVENTION OF INSIDER TRADING

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the Company has adopted a ‘Code of Practices and Procedures for fair disclosure of Unpublished Price Sensitive Information and ‘Prohibition of Insider Trading Policy to preserve the confidentiality of Unpublished Sensitive information (UPSI) and to prevent misuse of such information.

The ‘Trading Window is closed when the Compliance Officer determines that a designated person or class of designated persons can reasonably be expected to have possession of Unpublished Price Sensitive Information. All Board of Directors and the designated employees have confirmed compliance with the Code.

39. DISCLOSURE UNDER THE SEXUAL HARRASMENT OF WOMEN AT WORKPLACE (PREVENTION. PROHIBITION AND REDRESSAL) ACT, 2013

The Company has zero tolerance for sexual harassment at workplace and has adopted a policy on Prevention, Prohibition and Redressal of Sexual Harassment at Workplace in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the rules thereunder for prevention and redressal of complaints of sexual harassment at workplace. Internal Complaints Committee ("ICC") is in place for all works and offices of the Company to redress complaints received regarding sexual harassment.

The policy on Prohibition, Prevention & Redressal of Sexual Harassment is available on the website of the Company at httos://silkflexindia.in/wo-content/uoloads/9.-oolicv- on-orevention-of-sexual-harrasement-at-workolace- posh.pdf During the Financial Year under review, no complaints with allegation of sexual harassment were filed with the ICC.

The following is a summary of sexual harassment complaints received, disposed of, pending during the year:

No. of complaints of sexual harassment received in the year	Nil
No. of Complaints disposed of during the year	Nil
No. of Cases pending for more than ninety days	Nil

40. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS

No material orders passed by the Regulators or Courts or Tribunals impacting the going concern status and Companys operations in future.

41. LISTING FEES

The listing fees payable for the Financial Year 2024-25 has been paid to National Stock Exchange of India Limited ("NSE") within due date.

42. PARTICULARS OF LOANS, INVESTMENTS, GUARANTEES AND SECURITIES

During the year under review, the Company has not given anv loans, made anv investments, or orovided anv guarantees or securities falling under the purview of Section 186 of the Companies Act, 2013.

43. REGISTERED OFFICE

There was no change in the Registered Office of the Company during the Financial Year under review. The present address of the Registered Office is as follows: Daga Complex, Sulati Jaladhulagori, Sankrail, Howrah-711302, West-Bengal, India.

44. CORPORATE GOVERNANCE

Your Company reaffirms its commitment to the good corporate governance practices and has adopted the Code of Conduct. As per the Guideline and direction of the SEBI & Stock Exchange accordingly the company has been adhering to the directions and guidelines, as required and if applicable on the Companys size and type. Pursuant to the Regulation 15(2)(b) of SEBI (LODR) Regulations, 2015, the compliance with the provisions of Corporate Governance is not applicable on SME Listed Companies.

45. GENERAL

During the Financial Year under review:

a. There was no change in the nature of business of the Company.

b. The Company has not issued Equity Shares with differential rights as to dividend, voting or otherwise, pursuant to the provisions of Section 43 of the Act and Rules made thereunder.

c. The Company has not failed to implement any corporate action.

d. The Company has not made any provisions of money or has not provided any loan to the employees of the Company for purchase of shares of the Company, pursuant to the provisions of Section 67 of the Act and Rules made thereunder.

e. There was no revision of financial statements and Boards Report of the Company.

f. No application has been made under the Insolvency and Bankruptcy Code, hence, the requirement to disclose the details of application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 during the year along with their status as at the end of the Financial Year is not applicable.

g. The requirement to disclose the details of difference between amount of the valuation done at the time of

onetime settlement and the valuation done, while taking loan from the Banks or Financial Institutions along with the reasons thereof, is not applicable.

h. The securities were not suspended from trading during the year due to corporate actions or otherwise.

i. There was no delay, in holding Annual General Meeting.

j. There was no re-appointment of Independent Director during the year under review.

k. The financial statements of the Company are placed on

the Companys website at

https://silkflexindia.in/annual-report/.

l. The Cash Flow Statement for the Financial Year 202425 is attached to the Balance Sheet which forms part of this Annual Report.

m. The Company continues to be compliant with the provisions of the Maternity Benefit Act, 1961, by providing eligible women employees with maternity leave as prescribed under the Act

n. The other disclosures, not commented upon in this report pursuant to Section 134 of the Companies Act, 2013 read with rules, are not applicable to the Company for the financial year under review.

46. ACKNOWLEDGEMENT

Your Directors would like to take this opportunity to express their sincere gratitude to all of the employees, customers, and suppliers who have contributed to our success over the past year. Their hard work, dedication, and support have been instrumental in achieving the goals and driving the business forward. We would also like to thank our Members for their continued trust and investment in the Company. We are committed to build strong relationships with all of our stakeholders, and we value their feedback and input as we strive to improve and grow our business. We are proud of what we have accomplished together, and we look forward to continued success in the years ahead.