SRM Contractors Ltd Directors Report

BOARD REPORT

To,

The Members,

SRM CONTRACTORS LIMITED

Your Board of Directors ("Board") take pride in presenting their 18^th Annual Report on the business, operations and state of affairs of the Company together with the Standalone and Consolidated Audited Financial Statements for the Financial Year ended on March 31, 2026 ("FY 2025-26" or "period under review").

1. FINANCIAL HIGHLIGHTS

The summarized consolidated and standalone financial performance of your Company is as follows:

				(Amount in Rs. Lakhs)
Particulars	Standalone For the Year ended 31st March, 2026	Standalone For the Year ended 31st March, 2025	Consolidated For the Year ended 31st March, 2026	Consolidated For the Year ended 31st March, 2025
Revenue from operations (gross)	84,971.17	52,659.39	1,02,557.33	52,812.93
Revenue from operations (net)	84,971.17	52,659.39	1,02,557.33	52,812.93
Other Income	667.45	666.51	1,014.11	1,391.93
III Total Income (I+II)	85,638.62	53,325.90	1,03,571.44	54,204.86
Total Expenses	73,963.93	46,633.41	88,472.91	46,771.11
Profit before exceptional and extraordinary item and tax	11,674.69	6,692.48	15,098.53	7,433.75
Profit before Tax (PBT)	11,674.69	6,692.48	15,098.53	7,433.75
Tax Expenses:
Less: Net Current Tax
Less: Deferred Tax	2703.77	1,683.83	3,568.46	1,939.60
Less: Income Tax from Earlier Years	413	(7.38)	429.20	(6.13)
	-	-	(0.92)	-
Net Profit/(Loss) after tax	8,557.91	5,016.03	11,101.80	5,500.28
Profit/(Loss) for the period	8,557.91	5,016.03	11,101.80	5,500.28
Earning per equity share :
1) Basic annualized	37.30	21.86	48.39	23.97
2) Diluted annualized	37.30	21.86	48.39	23.97

2. RESERVES:

The Reserves & Surplus standing in the books of accounts amounting to 32,895.77 lakhs for the year ended on 31.03.2026.

3. SHARE CAPITAL

The Paid-up Share Capital of the Company as on 31st March, 2026 is 2294.42 lakhs. There was no change in share capital of the Company.

4. CHANGE IN THE NATURE OF BUSINESS

There was no change in the nature of business activity of the company during the period under review.

5. DIVIDEND

With a view to provide a cushion for any financial contingencies in the future and to strengthen the financial position of the Company, your directors have decided not to recommend any dividend for the period under review. Therefore, the Companys Board of Directors does not recommend a dividend for the year ended March 31, 2026.

6. MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THIS FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT:

No material changes and Commitment affecting the Financial Position of the Company have occurred. The Company is in growth phase and is constantly working towards growth and prosperity of Company.

DIRECTORS RESPONSIBILITY STATEMENT

In accordance with the provisions of Section 134(5) of the Companies Act, 2013, the Board of Directors hereby submits its responsibility Statement: -

(a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

(b) The Directors had 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 and loss of the company for that period;

(c) The Directors had 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) The Directors had prepared the annual accounts on a going concern basis;

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

f) The directors have laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.

FRAUD REPORTING:

During the year under review no instances of fraud were reported by the Company and by the Statutory Auditors of the Company.

STATEMENT CONCERNING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY OF THE COMPANY:

Business Risk Assessment procedures have been set in place for self-assessment of business risks, operating controls and appropriate risk management policies are being framed to cope up with any type of business risk.

DISCLOSURES:

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:

The information pertaining to conservation of energy, technology absorption, foreign exchange Earnings and outgo as required under Section 134 (3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014 furnished in Annexure I is attached to this report.

DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILITY INITIATIVES:

SRM Contractors Limited CSR initiatives and activities are aligned to the requirements of Section 135 of the Act. The brief outline of the CSR policy of the Company and the initiatives undertaken by the Company on CSR activities during the year are set out in Annexure II of this report in the format prescribed in the Companies (Corporate Social Responsibility Policy) Rules, 2014.

CORPORATE GOVERNANCE

Your company has always striven to incorporate appropriate standards for good governance. It has taken adequate steps to ensure that the provisions of corporate governance as prescribed under the companies act, 2013 and the SEBI (LODR) Regulations, 2015 are complied with.

A detailed report on corporate governance is appearing as Annexure- III to this report along with auditors certificate on its compliance by the company.

VIGIL MECHANISM/ WHISTLE BLOWING POLICY

Pursuant to the provisions of Section 177(9) & (10) of the Companies Act, 2013 read with the rules made thereunder and pursuant to Regulation 22 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has an effective Whistle Blower Policy for its Directors and employees, to report instances of unethical encumber and actual or suspected fraud or violation of the Companys Code of Conduct. The aim of the Vigil Mechanism Policy is to provide adequate ANNUAL REPORT 2025-26 safeguards against encumbered of the whistle blower who avails the mechanism and provides direct access to the Chairman of the Audit Committee, in appropriate or exceptional cases. The details of the Whistle Blower Policy are available on the website of the Company: www.srmcpl.com .

The policy provides for adequate safeguard against the victimization of the employees and Directors who express their concerns. The Company has also provided direct access to the Chairman of the Audit Committee on reporting issues concerning the interests of employees and the Company. The functioning of Vigil Mechanism is overseen by the Audit Committee.

During the period under review, no such complaint of unethical or improper activity has been received by the Company.

PREVENTION OF INSIDER TRADING

The Company has adopted an Insider Trading Policy with a view to regulate the trading in securities by the designated persons of the Company. The Insider Trading Policy requires pre-clearance for dealing in the Companys shares and prohibits the purchase or sale of Company shares by the designated persons while in possession of unpublished price sensitive information in relation to the Company and during the period when the trading window is closed. The Board is responsible forthe implementation of the Insider Trading Policy.

The Insider Trading Policy can be accessed from the website of the Company at www.srmcpl.com .

BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT

SEBI, vide its circular dated 10th May, 2021, made Business Responsibility and Sustainability Report (BRSR) mandatory for the top 1000 listed companies by market capitalization from financial year 2023. Your company is not covered under top 1000 listed companies by market capitalization as on 31^st March 2026. Therefore, BRSR is not applicable to the Company.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS/ COURTS /TRIBUNALS

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

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186 OF THE COMPANIES ACT, 2013:

The Company has made investments under Section 186 of the Companies Act, 2013 during the year under review and the same was with in the limits of section 186(2).

PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES:

The particulars of Contracts or Arrangements made with related parties made pursuant to Section 188 is furnished in Annexure IV is attached to this report.

NOMINATION AND REMUNERATION POLICY

The board has, on the recommendation of the nomination and remuneration committee, framed a policy for selection and appointment of Directors, Senior Management and their remuneration. The details of this policy are available on the website of the company at www.srmcpl.com .

BOARD AND ITS COMMITTEES

During the year under review, 19 Board Meetings, 7 Audit Committee Meetings, 1 Stakeholders Relationship Committee Meeting, 3 Nomination and Remuneration Committee Meetings, 1 Corporate Social Responsibility Committee Meetings and 1 separate Meeting of Independent Directors were held. The meeting details are provided in the Corporate Governance Report which forms part of this Report.

COMPOSITION OF VARIOUS COMMITTEES

Details of various committees constituted by the Board as per the provisions of Companies Act, 2013 and the SEBI (LODR) Regulations, 2015 and the details of the said committee meetings are given in the Corporate Governance Report (Annexure III) which forms part of this report.

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL), ACT, 2013:

The company has always believed in providing a safe and harassment free workplace for every individual working in the company through various interventions and practices. The Company always endeavors to create and provide an environment that is free from discrimination and harassment including sexual harassment. The Company has in place a robust system on prevention of sexual harassment at workplace and it aims at prevention of harassment of employees and lays down the guidelines for identification, reporting and prevention of sexual harassment. For this purpose, the company has constituted Internal Complaint Committee, the details of which are available on the website of the company: www.srmcpl.com

There were no complaints reported under the Prevention of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 during the year under review and nor there are any pending complaints.

THE DETAIL OF APPLICATION MADE OR ANY PROCEEDINGS PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 DURING THE YEAR ALONG WITH THEIR STATUS AS AT THE END OF THE FINANCIAL YEAR:

During the year, there was no application made and proceeding initiated/ pending under the Insolvency and Bankruptcy Code, 2016, by any Financial and /or Operational Creditors against your Company.

As on the date of this report, there is no application or proceeding pending against our Company under the Insolvency and Bankruptcy Code, 2016.

THE DETAILS OF DIFFERENCE BETWEEN THE AMOUNT OF VALUATION AT THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE AT THE TIME OF TAKING LOANS FROM BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF:

During the Financial Year 2025-26, the Company has not made any one-time settlement with its Bankers from which it has accepted any term Loan.

SECRETARIAL STANDARDS:

The Secretarial Standards i.e. SS-1& SS-2 relating to meetings of Board of Directors and General Meeting respectively have been duly followed by the Company.

COST AUDITOR:

M/s. Verma Khushwinder & Co., Cost Accountant, Jalandhar has been appointed as Cost Auditor of the company to maintain the cost records of the company for the financial year ended 31^st March, 2026 pursuant to the provisions of Section 148 of the Companies Act, 2013 and the rules made thereunder.

INTERNAL AUDITOR

Mr. Vijay Langoo., has been appointed as Internal Auditor of the Company for the Financial year ended 31^st March 2026 to conduct the Internal audit of the Company pursuant to the provisions of Section 138 of the Companies Act 2013 read with rule 13 of the Companies (Accounts) Rules 2014.

SECRETARIAL AUDITOR

M/s. D.K Pandoh & Associates, Company Secretaries, Jammu was appointed as Secretarial Auditor for 5 years in the 17^th AGM and Secretarial Audit for the Financial year ended 31^st March 2026 to be conducted pursuant to Section 204 of the Companies Act 2013 read with Rule 9 of Companies (Appointment and remuneration of Managerial Personnel) Rules, 2014.

MATERNITY BENEFIT ACT, 1961

Pursuant to clause (xiii) of sub-rule (5) of Rule 8 of the Companies (Accounts) Rules, 2014, your Directors state that the Company has complied with the provisions of the Maternity Benefit Act, 1961 and the rules made thereunder, to the extent applicable to it, during the financial year ended 31st March, 2026.

INTERNAL FINANCIAL CONTROLS:

The directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively .The system of internal control has been designed to ensure orderly and efficient conduct of its business, including adherence to Companys policies, to ensure the accuracy and completeness of the accounting records, and to provide the directors timely and reliable financial reports, data and information and with reasonable assurance that its assets are safeguarded, that transactions are authorized and properly recorded and that material errors and irregularities are either prevented or detected. Your Company recognizes that any internal control framework, no matter how well designed, has inherent limitations and accordingly, the Internal Financial Controls are periodically assessed and reviewed.

DEPOSITS:

The Company has neither accepted nor renewed any deposits during the year under review.

PARTICULARS OF DIRECTORS/KMPs, EMPLOYEES AND RELATED DISCLOSURES:

In terms of provisions of Section 197 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, during the year under review there were no employees receiving remuneration in excess of the prescribed limit as per the provisions of the Companies Act, 2013.The statement showing names and other particulars of the employees are provided under Annexure V to this report.

SUBSIDIARY/JOINT VENTURE/ASSOCIATES

The following below is list of subsidiary companies and joint ventures of the SRM Contractors Limited pursuant to provisions of the Companies Act, 2013:

S.NO Name & Address	CIN/GLN/PAN	HOLDING/ SUBSIDIARY/ ASSOCIATE/ JV	% AGE OF SHARES HELD	APPLICABLE SECTION OF COMPANIES ACT, 2013	PURPOSE/ PROJECTS
01 SRM SERVES FOUNDATION	U85300JK2023N PL014208	WHOLLY OWNED SUBSIDIARY		8
02. LORAN VALLEY POWER PPROJECT PRIVATE LIMITED	U40300JK2014PT C004223	SUBSIDIARY	51%	2(87X1)
03. SP MANGAL MURTI ENTERPRISES PVT LTD	U25999JK2023PT C014318	WHOLLY OWNED SUBSIDIARY	99%	2(87)(i)
04. ECI Engineers and SRM Projects	AAAAE8024F	JOINT VENTURE	70%	2(6)	EPC contract of 1,386 m Tunnel including ANS Irrigation Canal Rajouri, Jammu & Kashmir
05. ECI Engineers and SRM Projects	AAAAE8024F	JOINT VENTURE	20%	2(6)	Widening and upgradation to 2 lanes from km0.0002 km 16.990 On Chennani- Sudhmahadev section of NH-224
06. Kapahi SRM Projects	AAVFK0327M	JOINT VENTURE	49%	2(6)	Construction of 100 units (Type-II= 64 Nos- G=3, Type- III=36 Nos-G+2) Phase1 at Katra in connection with Udhampur - Srinagar-Baramulla- Rail Link Project.
07. SRM- Rajinder Projects	ABFAS2654F	JOINT VENTURE	49%	2(6)	Upgradation of Gulati to Shahadra Sharef via Gambir Gali of Tawi Flood recovery Project.
08. SRM- Rajinder Projects	ABFAS2654F	JOINT VENTURE	51%	2(6)	Construction of realignment between Pendrass -Pashkyum (27.10km) on road Zozila-Kargil-Leh to 2 lane under project Vijayak (BRO) IN THE UT of Ladakh on EPC MODE.
09. SRM- Rajinder Projects	ABFAS2654F	JOINT VENTURE	70%	2(6)	Rehabilitation and Up-gradation to 2 Lane with paved shoulder from existing chainage km 166+100 to km 192+980 including construction of Bhimber gali tunnel (Total length of Tunnel 1.100 km) under 31 TF on Akhnoor - Poonch road (NH144A) in the UT of Jammu &Kashmir under Project Sampark" through (EPC) mode (Package -VII
10. Sai SRM Projects	ABAAS5165Q	JOINT VENTURE	49%	2(6)	Construction of balance lining work of wider section of Tunnel T12 Adit lining of tunnelT6, Cut & cover between tunnel T9 and T10 including miscellaneous works on Katra Dharam section of Udhampur- Srinagar-Baramulla new BG railway line project, J&K state
11. SRM- Sarvangik Projects	ACNAS6230J	JOINT VENTURE	51%	2(6)	Long term rectification work of Blackspots by Construction of (i) VUP at Sorath Junction (GJ- (02)-145) at Km 13+255, (ii) Flyover at Keshod Junction (GJ-(02)-212) at Km 64+077, (iii) Flyover & LVUP at Gadu Location (GJ-(02)- 178) at Km 97+800 and (iv) Service Road at Santipara Patiya (GJ- (02)-233) from Km 100+480 to 103+497 on Jetpur-Somnath section of NH 151 in the State of Gujarat.
12. SRM-RSB Projects	ACIAS2339F	JOINT VENTURE	26%	2(6)	Construction for Mitigation Measures of 05 Nos. Landslides, 05 Nos. Sinking Zones and 1 no. bridge from Ch. 450.00 to Ch. 468.00 on NH-07 on EPC mode in the State of Uttarakhand (Package-III)
13. Maccaferri Infrastructure Private Limited	U45100MH20 17PTC293993	SUBSIDIARY (via virtue of controlling power of the board).	38.25%	2(87)(i)	For exploring new opportunities in Slope Stabilization segment.
14. SRM-RKCPL		JOINT VENTURE	80%	2(6)	Package 6 - Construction of Nashik Ring Road (Southern side) from Design chainage 14.950 to 28.970 (Length 14.020km) under EPC mode.

The Form AOC-1 pursuant to Section 129(3) read with the rule 5 of Companies (Accounts) Rules, 2014 is furnished in Form AOC-1 (Annexure-VI) are attached with this report.

CONSOLIDATED FINANCIAL STATEMENTS:

In accordance with the Accounting Standard (AS-21) on Consolidated Financial Statements read with Accounting Standard (AS-13) on Accounting for Investments in subsidiaries, the audited consolidated financial statements are provided in the annual report.

STATUTORY AUDITORS/ AUDITORS REPORT:

M/s Rohit KC Jain & Co., Chartered Accountants (Firm Registration No. 020422N), were appointed as the Statutory Auditors of the Company to fill the casual vacancy caused by the resignation of the erstwhile Statutory Auditors, M/s Satyendra Mrinal & Associates, Chartered Accountants (FRN No. 017068N), in accordance with the provisions of Section 139(8) of the Companies Act, 2013.

M/s Rohit KC Jain & Co., who were appointed to fill the said casual vacancy, are proposed to be appointed as the Statutory Auditors of the Company for a term of five (5) consecutive years, commencing from the conclusion of the 18th Annual General Meeting until the conclusion of the 23rd Annual General Meeting, in accordance with the provisions of Section 139 of the Companies Act, 2013.

The Company has received the requisite written consent and certificate from M/s Rohit KC Jain & Co. confirming that their proposed appointment is in accordance with the applicable provisions of the Companies Act, 2013, that they are eligible for appointment and are not disqualified from being appointed as Statutory Auditors under Section 141 of the Companies Act, 2013. The proposed appointment is also within the limits prescribed under the Act.

The Board places on record its appreciation for the professional services and valuable guidance rendered by M/s Rohit KC Jain & Co. during the period of their association with the Company and looks forward to their continued professional guidance and contribution towards maintaining high standards of financial reporting, audit quality, corporate governance and regulatory compliance.

The Auditors Report issued by M/s Rohit KC Jain & Co. on the financial statements of the Company for the financial year ended 31st March, 2026 forms part of this Annual Report. The observations, if any, made by the Statutory Auditors in their Report, together with the relevant explanations of the Board, are dealt with separately in the appropriate section of this Annual Report.

CODE OF CONDUCT

The Board has approved a Code of Conduct which is applicable to the members of the Board and all the employees in the course of day-to-day operations of the Company. The Code of Conduct has been placed on the Website at www.srmcpl.com

The Code of Conduct lays down the standard procedure of business conduct which is expected to be followed by the Directors and the designated employees in their business dealings and in particular on matters relating to integrity in workplace, in business practices and in dealing with stakeholders.

All the members of the Board and the Senior Management Personnel have confirmed compliance with the Code of Conduct.

PERFROMANCE EVALUATION OF THE BOARD BY INDEPENDENT DIRECTORS

Pursuant to the provisions of section 178(2) of Companies Act, 2013 and Regulation 17 of the SEBI(LODR) Regulations,2015, and notifications/circulars of SEBI, the board has carried out an Annual Performance Evaluation of its own performance, the directors individually as well as the evaluation of the working of its committee.

During the year under review, a meeting of Independent Directors was held on 29th December, 2025 to carryout annual evaluation of the performance of the board, its committees and individual directors.

DIRECTORS & KEY MANAGERIAL PERSONNEL

The composition of the Board is governed by the relevant provisions of the Companies Act, 2013 and rules made thereunder, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015, the Articles of Association of the Company, and all other applicable laws and is in accordance with the best practices in corporate governance from time to time.

i. Board of Directors

S.NO NAME	DESIGNATION
1 Mr. Sanjay Mehta	Chairperson
2 Mr. Puneet Pal Singh	Managing Director
3 Ms. Ashley Mehta	Non-Executive Director
4 Mr. Ankur Verma	Executive Director
5 Mr. Yudhvir Gupta	Non-Executive Independent Director
6 Mr. Sushil Kumar Sharma	Non-Executive Independent Director
7 Mr. Sanjay Sharma	Non-Executive Independent Director
8 Mr. Inderjeet Kumar	Non-Executive Independent Director

ii. Fit and Proper Criteria

All the Directors of the Company duly meet the fit and proper criteria stipulated by the Reserve Bank of India.

iii. Directorships appointed/ceased during the year:

During the financial year 2025-26, there were changes in the composition of the Board of Directors of the Company.

Mr. Ankur Verma (DIN: 10911587) was appointed as an Executive Director of the Company, while Mr. Inder Jeet Kumar (DIN: 10228553) was appointed as an Independent Director of the Company.

Consequent to the aforesaid changes, the Board of Directors comprised eight (8) Directors as at March 31, 2026.

iv. Retirement by Rotation

In accordance with Section 152 of the Companies Act, 2013 and rules framed thereunder, and in terms of the Articles of Association of the Company, Ms. Ashley Mehta (DIN: 08068781), Non- Executive Director of the Company, is liable to retire by rotation, and being eligible, has offered herself for reappointment at the ensuing Annual General Meeting.

v. Key Managerial Personnel

As on 31st March, 2026, Mr. Puneet Pal Singh (Managing Director), Ms. Aashni Mahajan (Chief Financial Officer) and Mr. Arun Mathur (Company Secretary and Compliance Officer), are designated as KMP of the Company. Mr. Rupesh Kumar CEO of the Company resigned from the Company on 22.12.2025.

INDEPENDENT DIRECTORS

I. Declaration from Independent Directors

The Board has received declaration from all the Independent Directors of the Company confirming that they meet the criteria of independence as prescribed both under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and have their names registered in the Independent Directors Databank.

II. Criteria for Performance Evaluation

Nomination and Remuneration Committee has laid down various criteria for performance evaluation of Independent Directors which, inter-alia, includes preparedness and attendance at the meetings, understanding of Companys operations and business and contribution at Board Meetings through which the Board satisfy itself with regard to integrity, expertise and experience (including the proficiency) of the independent directors appointed in the Company.

III. Details of Familiarization Program

Pursuant to Regulation 25(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, every Independent Director on the Board is familiarized by the Executive Directors/ Senior Managerial Personnel about the Companys strategy, operations, organization structure, human resources, quality, finance and risk management at each Board Meeting before taking up the agenda items for discussion.

Further, at the appointment of an independent director, the Company issues a formal letter of appointment outlining his/ her role, functions, duties and responsibilities as a director. The terms and conditions of letter of appointment is available on the Companys website.

Boards Response to Auditors Report

The Statutory Auditors Report on the Standalone Financial Statements of the Company for the financial year ended March 31, 2026 does not contain any qualification, reservation, adverse remark or disclaimer. Accordingly, no explanations or comments by the Board are required pursuant to Section 134(3)(f) of the Companies Act, 2013."

MANAGEMENTS DISCUSSION AND ANALYSIS REPORT

A detailed review of the operations, performance and future outlook of the Company is given in the Managements Discussion and Analysis appearing as Annexure VII to this Report.

GENERAL DISCLOSURES

Your directors state that no disclosure or reporting is required in respect of the following items as there were no transactions on these items during the period under review:

a) The Company has not bought back any of its securities;

b) The Company has not issued any bonus share;

c) The Company has not issued any sweat equity shares;

d) The Company has not issued equity shares with differential rights as to dividend, voting or otherwise;

e) The Company is not liable to transfer amount of dividend lying in the unpaid dividend account to Investor Education and Protection Fund (IEPF) pursuant to provisions of Section 125 of the Companies Act, 2013; and

f) There was no revision in the financial statements between the end of the financial year and the date of this report.

EXTRACT OF ANNUAL RETURN

Pursuant to Section 92(3) read with section 134(3)(a) of the Companies Act,2013 the Annual Return, as on March 31,2026 is available on the website of the company at www.srmcpl.com

ACKNOWLEDGEMENTS:

Your Directors place on record their sincere thanks to bankers, business associates, consultants, and various Government Authorities for their continued support extended to your Companies activities during the year under review. Your Directors also acknowledges gratefully the shareholders for their unstinted support and significant contributions towards the growth of the company and confidence reposed in the Company. The Board of Directors expects to receive the similar support and contribution from everyone in future also.

By order of the Board of Directors
	Sd/-	Sd/-
Place: Jammu	PUNEET PAL SINGH	ANKURVERMA
Date: 05-09-2026	MANAGING DIRECTOR	EXECUTIVE DIRECTOR
	DIN: 09740051	DIN:10911587