SSPDL Ltd Directors Report

To,

The Members

Your Directors have pleasure in presenting the 31st Annual Report on the business and operations of the Company together with the Audited Financial Accounts for the year ended 31st March, 2025.

FINANCIAL RESULTS

The financial highlights of the current year in comparison to the previous year are as under:

A) STANDALONE:

(Rs. in thousands)

PARTICULARS	2024-25	2023-24
Total Revenue	63,896.12	2,65,814.66
Less: Operating Expenses	55,041.56	2,73,900.37
Gross Profit/(Loss) before Depreciation and Interest	8,854.56	(8,085.71)
Less: Finance Costs	21,357.66	18,068.60
Depreciation and Amortization Expense	2,161.36	1,960.83
Profit/(Loss) before tax before exceptional items	(14,664.46)	(28,115.14)
Exceptional items	0.00	0.00
Profit/(Loss) before tax after exceptional items	(14,664.46)	(28,115.14)
Less: Tax Expense (Net)	0.00	0.00
Profit/(Loss) After Tax	(14,664.45)	(28,115.14)
Balance of Profit brought forward	(3,73,472.71)	(3,45,357.57)
Profit available for appropriation	(3,88,137.17)	(3,73,472.71)
APPROPRIATIONS
Proposed Dividend	0.00	0.00
Tax on the proposed dividend	0.00	0.00
Transfer to General Reserve	0.00	0.00
Balance carried to Balance Sheet	(3,88,137.17)	(3,73,472.71)

B) CONSOLIDATED:

(Rs. in thousands)

PARTICULARS	2024-25	2023-24
Total Revenue	63,915.53	2,65,805.04
Less: Operating Expenses	59,803.19	2,74,150.46
Gross Profit/(Loss) before Depreciation and Interest	(4,112.34)	(8,345.42)
Less: Finance Costs	21,357.66	18,068.60
Depreciation and Amortisation Expense	2,161.36	1,960.83
Profit/(Loss) before tax before exceptional items	(19,406.68)	(28,374.85)
Exceptional Item	0.00	0.00
Profit/(Loss) before tax after exceptional items	(19,406.68)	(28,374.85)
Less: Tax Expense (Net)	0.00	0.00
Profit/(Loss) After Tax	(19,406.68)	(28,374.85)

STATE OF THE COMPANYS AFFAIRS

The total revenue of your Company for the year under review is Rs. 638.96 lakhs as compared to Rs. 2658.15 lakhs for the previous year ended 31st March, 2024. Profit/(Loss) after tax is Rs. (146.64) lakhs as against Rs. (281.15) lakhs in the previous year.

The projects undertaken by the Company are under different stages of execution, and the performance of the Company during the current year i.e., 2025-26 is expected to be in accordance with Companys plans.

PROPERTY DEVELOPMENT PROJECTS CHENNAI:

SSPDL Park Centre Project:

SSPDL has executed a Deed of Lease of land of 5.72 grounds (13,728 sq. ft.) for 33 years, with the option to extend one more term of 33 years, with the sole trustee of Sir John Demote. SSPDL has paid Rs. 2 crore interest-free non-refundable deposit to Sir John Demote Trust and registered the Deed. SSPDL plans to build and operate commercial offices. The total leasable area is approximately 30,408 sq. ft.

We got the approval for the reclassification of land use from CMDA. Plan Sanction, and Planning Permission from CMDA, and building permission from GCC obtained. The superstructure of the building is completed, and finishing work is in progress.

We are happy to announce that we have already signed a Lease Deed with M/s. Work Easy Space Solutions Private Limited for leasing of A grade Warm Shell for 12 years with an initial lock-in period of 5 years. The monthly Lease Rental is Rs. 70/- per sq. ft. for 36 months with 15% escalation in rent for every 3 years. M/s. Work Easy Space Solutions Private Limited is currently managing more than 1.5M sq. ft. of co-working space and 90% of it is in Chennai.

Alpha City Project

This Project has been completed in 2007. As on 31.03.2025 we have to receive Rs. 2.05 crores, however, as on date of this report we have collected entire amount of receivables of Rs.2.05 crores. With this, the liability of Alpha City is Nil.

Godrej SSPDL Azure Project

M/s. Godrej Properties Ltd (GPL) has purchased the entire unsold FSI by settling the Non-GPL Partners (Land Owners, SSPDL and other Partners).

After adjusting/set-off of the existing Loans and recovery/adjustment of the Refundable Security Deposit paid in terms of the Development Agreement and other amounts that are to be repaid/recovered by SSPDL, Your Company has received Rs.2.75 Crores towards full and final settlement along with refund of Fixed Capital contribution of Rs.250,000/-. We have since exited from the project.

SSPDL Lakewood Enclave

A Residential Villa (Lakewood) / Apartment (Mayfair) project on a 3.89 Acre plot of land situated at Thalambur Village of Old Mahabalipuram, (IT Express Highway), Chennai. The apartment project is completed and handed over.

Residential Villa project consists of 32 Villas. Layout sanction and planning permissions are received. Buildings have been pre certified GOLD by Indian Green Building Council (IGBS). We have already sold 13 Villas from our share of 18 villas in Lakewood. Construction of Villas is in progress and has an unsold area of 1 1,982 sq. ft. One of the survey numbers belonging to the Company was wrongly classified as Government Porambokku land in the online revenue records. The Company filed a writ petition before the Honble Madras High Court challenging the said classification. The High Court delivered its verdict in favour of the Company.

The matter is currently pending for rectification of the classification in the Government records. Upon completion of the rectification process, the Company will commence construction activities during the financial year.

HYDERABAD:

We are happy to announce that the largest residential project for the Company, The Retreat, Hyderabad (SSPDL BHEL Employees Cyber Colony) has been completed and delivered 1251 homes, 100 LIG flats, and 100 EWS flats to the Customers and your Company exited from this project.

SSPDL Suri Nilayam

Company entered into a Joint Development Agreement (JDA) for constructing residential apartments in Domalguda, Hyderabad. Approximate built-up area is 25,800 sft. Share of Company and Owner is 45:55. Proposed to complete the project within 24 months from obtaining all sanctions or within such extended time as per the terms of the JDA.

We are happy to inform that we have received all the statutory approvals from GHMC to start the construction. All the relevant fee had been paid. On 25th of Jan 2024, we have taken possession of property and started the demolition of building. The building is demolished fully and the Rock Cutting work completed. We re-negotiated the sharing ratio to 50:50 now. We started the construction work in July 2024. As on date we have completed the Cellar RCC compound wall, the stilt slabs, first floor and second floor slabs, We have another three more slabs to complete. We have received the approval from TSRERA.

CONSTRUCTION BUSINESS:

Members are aware that, Company has incorporated a Subsidiary Company i.e., SSPDL Infratech Private Limited ("SIPL") for carrying on the Construction Business.

During the year under review, no contract has been taken in SIPL. DIVIDEND

Your Directors do not recommend any dividend for the Financial Year ended March 31,2025.

THE AMOUNTS PROPOSED TO CARRY TO ANY RESERVES

The Company does not propose to transfer any amount to the general reserve for the financial year ended March 31,2025.

EXTRACT OF ANNUAL RETURN

As provided under Section 92(3) & 134(3)(a) of the Act, Annual Return for FY 2024-25 is uploaded on the website of the Company and can be accessed at www.sspdl.com/investors.php.

DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMP)

Appointment / Reappointment

During the year under review, in 30th Annual General Meeting (AGM) held on 28.09.2024 (i) Sri E.Bhaskar Rao (DIN: 00003608) was reappointed as a Director, (ii) Sri Suryanarayana (DIN: 01951750) was appointed as an Independent Director for a period of 5 (five) years w.e.f. 28.09.2024, and (iii) Sri Prakash Challa (DIN: 02257638) was re-appointed as the Chairman and Managing Director for a period of 5 (five) years w.e.f. 01.10.2024 and fixed the remuneration for a period of 3 (three) years w.e.f. 01.10.2024.

On 08.08.2025, through Postal Ballot, (i) Sri K.Shashi Chandra (DIN: 07258691) was re-appointed as an Independent Director for

a period of five years with effect from 12th August, 2025 to 11th August, 2030, and (ii) Sri P.Muralikrishna (DIN: 08043970) was reappointed as an Independent Director for a period of five years with effect from 4th September, 2025 to 3rd September, 2030.

Pursuant to the provisions of Section 152 of the Companies Act, 2013, Smt. Sabbella Devaki Reddy (DIN: 02930336), Director, is liable to retire by rotation at the ensuing Annual General Meeting, and being eligible, offers herself for re-appointment. The Board of Directors, based on the recommendation of Nomination and Remuneration Committee, has recommended the re-appointment of Smt. Sabbella Devaki Reddy, Director, retiring by rotation.

The brief profile of the director seeking reappointment at the ensuing Annual General Meeting is presented in the annexure to Notice of 31st Annual General Meeting.

Key Managerial Personnel

Pursuant to provisions of sections 2(51) and 203 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, as at the date of this report, the following have been designated as the Key Managerial Personnel (KMPs ) of the Company:

a. Sri Prakash Challa - Chairman and Managing Director

b. Sri U.S.S. Ramanjaneyulu N - Chief Financial Officer

c. Sri. A.Shailendra Babu - Company Secretary and Compliance officer

During the year under review, there were no change in the KMPs of the Company.

NUMBER OF MEETINGS OF THE BOARD

During the year 2024-25, Four (4) meetings of the Board of Directors were held on 23rd May, 2024, 14th August, 2024, 14th November, 2024, and 13th February, 2025. The details of the meetings and attendance of directors are furnished in the Corporate Governance Report, which is enclosed to this report.

STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTORS

As on March 31, 2025, Sri S.Suryanarayana, Sri P.Muralikrishna, and Sri K.Shashi Chandra are Independent Directors on the Board.

The Board hereby confirms that all the Independent Directors of your Company have given a declaration that they meet the criteria of Independence as provided in Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"). Further, the Independent Directors confirmed that the respective Independent Director is not aware of any circumstance or situation, which exist or may be reasonably anticipated, that could impair or impact their ability to discharge their duties with an objective independent judgment and without any external influence.

In pursuance of Regulation 25(9) of the SEBI Listing Regulations, the Board of Directors took on record the declarations and confirmations submitted by the independent directors under Regulation 25(8) after undertaking due assessment of the veracity of the same.

All Independent Directors declarations that their respective name is registered with the Independent Directors databank. Further, declaration on Compliance with Rule 6(3) of the Companies (Appointment and Qualification of Directors) Rules, 2014, regarding the requirement relating to enrolment in the Data Bank created by MCA for Independent Directors, received from all Independent Directors.

After assessment of disclosures, declarations and confirmations received from all independent directors, the Board has opined that, the Independent Directors of the Company are persons of integrity and possess the relevant expertise and experience (including the proficiency, as per the applicable law) to qualify as Independent Directors of the Company and are Independent of the Management.

FAMILIARIZATION PROGRAMMES IMPARTED TO INDEPENDENT DIRECTORS

The Members of the Board of the Company have been provided opportunities to familiarize themselves with the Company, its Management, and its operations. The Directors are provided with relevant documents, information to enable them to have a better understanding of the Company, its operations, and the industry in which it operates through the Board proceedings.

All the Independent Directors of the Company are made aware of their roles and responsibilities at the time of their appointment through a formal letter of appointment, which also stipulates various terms and conditions of their engagement.

COMMITTEES OF THE BOARD

Pursuant to the requirement under the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors has constituted Committees of the Board, i.e., Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee.

After the year ended 31.03.2025, upon re-appointment of Sri K.Shashi Chandra and Sri P.Muralikrishna as independent directors, w.e.f. 1 1.08.2025, all 4 (four) Committees of the Board have been re-constituted. The details of the reconstituted committees are provided below:

Audit Committee: As on the date of this report, the Audit Committee comprises Sri S.Suryanarayana (Chairman), Sri P.Muralikrishna (Member), and Sri K.Shashi Chandra (Member).

Nomination and Remuneration Committee: As on the date of this report, the Nomination and Remuneration Committee comprises Sri S.Suryanarayana (Chairman), Sri P.Muralikrishna (Member), and Sri K.Shashi Chandra (Member).

Stakeholders Relationship Committee: As on the date of this report, the Stakeholders Relationship Committee comprises Sri S.Suryanarayana (Chairman), Sri Prakash Challa (Member), and Sri P.Muralikrishna (Member).

Corporate Social Responsibility Committee: As on the date of this report, the Corporate Social Responsibility (CSR) Committee comprises Sri Prakash Challa (Chairman), Sri S.Suryanarayana (Member), and Sri P.Muralikrishna (Member).

Kindly refer to the Corporate Governance Report for matters relating to the Board, Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee for constitution, meetings, etc.

THE DETAILS IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENTS

The company has placed a system of internal financial controls with reference to the financial statements. In our view, these internal financial controls are adequate and are operating effectively.

AUDITORS

In pursuance of the provisions of sections 139, 142 and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Audit and Auditors) Rules, 2014, (including any statutory modification(s), amendment(s) or re-enactment(s) thereof, for the time being in force), M/s. Karvy & Co., Chartered Accountants (ICAI Firm Registration No. 001757S), Hyderabad was appointed, at the 28th Annual General Meeting (AGM) of the Company held on 27.09.2022, as the Statutory Auditors of the Company to hold office for a term of 5 (five) years from the conclusion of 28th AGM until the conclusion of the 33rd Annual General Meeting of the Company to be held in the year 2027, at such remuneration plus applicable taxes, out of pocket expenses as may be incurred by them during the course of the Audit, as may be mutually agreed between the Board of Directors of the Company and the Auditors.

AUDITORS REPORT

The Auditors Report to the shareholders does not contain any qualification and issued an unmodified opinion.

As required by the SEBI (LODR) Regulations, 2015, the auditors certificate on corporate governance is enclosed to the Boards Report. The Auditors certificate for the year ended 31.03.2025 does not contain any qualification, reservation, or adverse remark.

COST RECORDS AND COST AUDIT

For the financial year 2024-25, the provisions relating to maintenance of Cost Records as specified by the Central Government under Section 148 of the Companies Act, 2013 is not applicable to the Company. Also, as per rule 4 of the Companies (Cost Records and Audit) Rules, 2014, cost audit is not applicable to your company. Accordingly, the cost auditor is not appointed for the financial year 2024-25.

INTERNAL AUDITORS

The Board of Directors of the Company appointed M/s. Vemulapalli & Co., Chartered Accountants, Hyderabad as the Internal Auditors to conduct the Internal Audit of the Company for the Financial Year ended March 31,2025.

SECRETARIAL AUDIT

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed M/s. Savita Jyoti Associates, Practicing Company Secretaries, to undertake the Secretarial Audit of the Company for the financial year 2024-25. A Secretarial Audit Report, for the financial year 2024-25, given by the Secretarial Auditors in Form No. MR-3 is annexed with this Report as ANNEXURE - 1A.

Further, Pursuant to the provisions of Section 204 of the Act, read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, and amended provisions of Regulation 24A of the SEBI Listing Regulations, on recommendation of the Audit Committee, subject to approval of the members of

the Company, the Board has approved and recommended to the members of the Company for the appointment of M/s. Savita Jyoti Associates, Practicing Company Secretaries, (M No. FCS 3738, CP No.1796) as the Secretarial Auditors of the Company for a term of five consecutive financial years commencing from 2025-26 to 202930. Accordingly, approval of the members is sought at the ensuing 31st AGM for the appointment of Secretarial Auditors, through the resolution forming part of the Notice of the AGM.

SECRETARIAL AUDIT OF MATERIAL UNLISTED INDIAN SUBSIDIARIES

The Secretarial Audit of M/s. SSPDL Infratech Private Limited (material unlisted subsidiary of the Company) was carried out as per Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Secretarial Audit Report, for the financial year 2024-25, issued by M/s. Savita Jyoti Associates, Practicing Company Secretaries, Hyderabad is annexed to this report as ANNEXURE - 1B.

THE DISCLOSURE OF REMUNERATION DETAILS AND PARTICULARS OF EMPLOYEES

The disclosure pertaining to remuneration and other details as required under Section 197(12) of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, and a statement showing the names, remuneration received, and other particulars of top ten employees as prescribed in Rules 5(2) and 5(3) of the aforesaid Rules, are provided in ANNEXURE - 2.

During the year under review, no employee of your company drawn the remuneration in excess of the prescribed limits as laid down in rule 5(2) i.e., Employees who (i) was employed throughout the financial year and received remuneration in the aggregate, not less than rupees one crore and two lakh, (ii) employed for a part of the financial year and received remuneration, in the aggregate, not less than rupees eight lakh and fifty thousand per month. Also, during the year under review, no employee of your company was employed throughout the financial year under review or part thereof and received remuneration which, in the aggregate, or as the case may be, at a rate 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.

EXPLANATION OR COMMENTS TO QUALIFICATION, RESERVATION, ADVERSE REMARK OR DISCLAIMER MADE, IF ANY, IN THE STATUTORY AUDITORS REPORT AND THE SECRETARIAL AUDIT REPORT.

The Statutory Auditors Report, and the Secretarial Audit Report to the members, for the year ended March 31,2025, does not contain any qualification, reservation, adverse remark or disclaimer which require explanations or comments by the Board.

During the year, there were no instances of frauds reported by the auditors under section 143(12) of the Companies Act, 2013 to the Audit Committee.

SUBSIDIARY/ASSOCIATE COMPANIES

Names of companies which have become or ceased to be its subsidiaries, joint ventures, or associate companies during the year: Nil

Report on highlights of the performance, the financial position of each of the subsidiaries, associates, and joint venture companies, and their contribution to the overall performance of the company during the period under report:

• SSPDL Infratech Private Limited, a wholly owned subsidiary of the Company, recorded total revenue of Rs. 0.19 lakhs and profit/ (loss) after tax of Rs. (47.42) lakhs for the year ended 31st March, 2025, as compared to total revenue of Rs. NIL and profit/(loss) after tax of Rs. (2.50) lakhs in the previous year.

• Northwood Properties India Private Limited, an associate of the Company, recorded total revenue of Rs. 0.19 lakhs and profit/(loss) after tax of Rs. (0.31) Lakhs for the year ended 31^st March, 2025, as compared to total revenue of Rs. 1.99 lakhs and profit/(loss) after tax of Rs. (4.37) lakhs in the previous year.

The Company is not having joint ventures, hence, no information is provided. The financial position of each of the subsidiaries companies is provided in Form AOC-1 attached to the consolidated financial statements.

The Statement containing salient features of financial statements of subsidiaries:

In pursuance of provisions of section 129(3) of the Companies Act, 2013, and the Rule 5 of the Companies (Accounts) Rules, 2014, a statement containing salient features of financial statements of subsidiaries in the prescribed format - Form AOC-1 is attached to the consolidated financial statement.

CONSOLIDATED FINANCIAL STATEMENTS

The audited consolidated financial statement presented by the Company are prepared in accordance with the Indian Accounting Standards (Ind AS), the Companies (Indian Accounting Standards) Rules, 2015 notified under Section 133 of the Companies Act, 2013, and other relevant provisions of the Companies Act, 2013, SEBI Listing Regulations.

In pursuance of provisions of section 129(3) of the Companies Act, 2013, the consolidated financial statement are enclosed for laying before the annual general meeting of the company along with the laying with the financial statement of the Company.

Upon a request is received, the annual accounts of the subsidiary company will be made available to shareholders of the company. The annual accounts of the subsidiary company shall also be kept for inspection during business hours by any shareholder in the registered office of the company and the same will be kept on the companys website i.e., www.sspdl.com.

CORPORATE SOCIAL RESPONSIBILITY

A Corporate Social Responsibility ("CSR") Committee has been constituted in accordance with the provisions of Section 135 of the Companies Act, 2013. The CSR Policy is available on the website of the Company at http://sspdl.com/investors.php.

Your company is not required to spend any amount towards CSR during the year under review as it did not fall under the purview of the provisions of section 135(1) of the Act.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

In terms of the provisions of Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), a separate report on Management Discussion and Analysis is enclosed as an ANNEXURE - 3 to the Directors Report.

CORPORATE GOVERNANCE REPORT

A separate section on Corporate Governance, which forms part of the annual report, enclosed as an ANNEXURE - 4 to the Directors Report. The Auditors Certificate on compliance of conditions of corporate governance is also enclosed.

SHARES PLEDGED BY THE PROMOTERS/DIRECTORS

The number of shares pledged by promoters and directors of the company: NIL.

INSURANCE

The properties and insurable interest of the Company, wherever considered necessary and to the extent required have been adequately insured.

DEPOSITS

During the year under review, your Company has neither accepted nor renewed any deposits from the public within the meaning of Section 73 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014.

The details of money accepted and received from the directors of the company have been disclosed in the financial statements.

SHARE CAPITAL

During the year under review, your Company has not issued (i) equity shares with differential voting rights, (ii) sweat equity shares,

(iii) employee stock options, and (iv) not made any provision of money for the purchase of its own shares by employees or by trustees for the benefit of employees.

WHISTLEBLOWER POLICY

In pursuance of provisions of the Companies Act, 2013, and the SEBI Listing Regulations Company has formulated Whistle Blower Policy (Vigil Mechanism) with a view to providing a mechanism for

(i) directors and employees of the Company to freely communicate/ report genuine concerns or/and grievances about illegal or unethical practices, unethical behaviour, actual or suspected fraud or violation of the Companys code of conduct or ethics policy, and

(ii) the stakeholders of the company to freely communicate their concerns about illegal or unethical practices, and to approach the Whistle Officer/Chairman of the Audit Committee of the Company to, inter-alia, report the same to the management. This Policy is an extension of the Companys Code of Conduct.

The Audit Committee oversees the vigil mechanism through the committee. This Policy inter-alia provides direct access to the Chairman of the Audit Committee.

The Whistle Officer/Chairman of the Audit Committee submits a report to the Audit Committee on a regular basis about the details of complaints, if any, referred to him/her since the last report together with the results of investigations, if any.

The Whistle Blower Policy may be accessed on the Companys website at the link: viz. https://www.sspdl.com/investors.php

DEMATERIALISATION OF SHARES:

Of the total shares, 0.53% shares are held in physical form. Shareholders holding shares in physical form are once again advised to dematerialize their shares to avoid the risk associated with the physical holding of share certificates and for facilitating easy liquidity for shares.

TRANSFER TO INVESTOR EDUCATION AND PROTECTION FUND (IEPF)

In terms of the provisions of Section 125 and other applicable provisions of the Companies Act, 2013 and the Rules made thereunder, the amount that remained unclaimed for a period of seven years is required to be transferred to the Investor Education and Protection Fund (IEPF) administered by the Central Government.

The unclaimed dividend amount for the year 2006-07 was transferred earlier to the IEPF established by the Central Government under applicable law. During the year 2019-20, in terms of Section 124(6) of the Act read with Investor Education and Protection Fund Authority (Accounting, Auditing, Transfer and Refund) Rules, 2016, the Company has transferred 25,713 equity shares to the demat account IEPF Authority on 27.12.2019 in respect of which the dividend has not been claimed for a period of seven years or more. Also, Company uploaded the details of such shareholders and shares transferred to IEPF on the website of the Company at http://www.sspdl.com/investors.php in the Corporate Governance section.

The Shareholders may note that both the unclaimed dividend and corresponding shares transferred to the IEPF Authority, including all benefits accruing on such shares, if any, can be claimed back by them from IEPF Authority after following the procedure (i.e. an application in E-form No. I EPF-5) prescribed in the Rules. Shareholders may refer Rule 7 of the said Rules for Refund of shares / dividend etc., and follow the Refund Procedure as detailed on the website of the IEPF Authority http://iepf.gov.in/IEPF/refund.html

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

The Company is committed to provide a protective environment at the workplace for all its women employees. Also, in terms of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Rules made thereunder, The Company has complied with the constitution of Internal Complaints Committees to which employees can write their complaints and adopted a Policy on Prevention of Sexual Harassment of Women at Workplace.

During the year ended 31 March, 2025 there were no incidents of sexual harassment reported in the Company i.e., Complaints pending at the beginning of the year: NIL, Complaints received during the year: NIL, disposed of during the year: NIL, pending at the end of the year: NIL.

DIRECTORS RESPONSIBILITY STATEMENT

In accordance with the requirements of Section 134(3)(c) of the Companies Act, 2013, your directors, hereby confirm that:

(a) in the preparation of the annual accounts for the financial year ended March 31, 2025, 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 as at March 31,2025 and of the profit and loss of the company for the financial year ended March 31,2025;

(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; and

(e) 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.

(f) 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.

THE CHANGE IN THE NATURE OF BUSINESS

There is no change in the nature of the business of the Company.

THE DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANYS OPERATIONS IN FUTURE

There are no significant and/or material orders passed by the regulators or courts or tribunals impacting the going concern status and Companys operations in the future.

There are no proceedings initiated/pending against the Company under the Insolvency and Bankruptcy Code, 2016.

There was no one time settlement with any bank or financial institution.

MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY WHICH HAVE OCCURRED BETWEEN THE FINANCIAL YEAR OF THE COMPANY AND DATE OF THIS REPORT

There are no material changes and commitments affecting the financial position of the Company which has occurred between the financial year ended March 31,2025 of the Company, and the date of this Report.

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

The particulars of loans, guarantees, and investments have been disclosed in the financial statements.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES REFERRED TO IN SUB-SECTION (1) OF SECTION 188 OF THE COMPANIES ACT, 2013

All transactions entered by the Company with Related Parties were in the Ordinary Course of Business and at Arms Length pricing basis.

There were no such transactions entered by the Company, which are in conflict with the interest of the Company. Suitable disclosures as required by the applicable accounting standards have been made in the Notes to the financial statements.

The Board had approved policies on Related Party Transactions and Material Subsidiary. Both the policies have been uploaded on the Companys website, under the web link: http://sspdl.com/investors.php.

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

In terms of Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014, the particulars of conservation of energy, technology absorption, foreign exchange earnings, and outgo, are provided below:

(A) Conservation of energy-

(i) the steps taken or impact of energy on conservation	Even though the Companys activity is Real Estate, Property Development and Civil Construction which are not power intensive, the Company is making every effort to conserve the usage of power.
(ii) the steps taken by the company for utilising alternate sources of energy	Not Applicable
(iii) the capital investment on energy conservation equipments	NIL

(B) Technology absorption-

(i) the efforts made towards technology absorption	NIL
(ii) the benefits derived like product improvement, cost reduction, product development or import substitution	NIL
(iii) in case of imported technology (imported during the last three years reckoned from the beginning of the financial year)-	No technology has been imported during the past 3 years.
(a) the details of technology imported	NIL
(b) the year of import;	NIL
(c) whether the technology been fully absorbed	NIL
(d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof; and	NIL
(iv) the expenditure incurred on Research and Development.	NIL

(C) Foreign exchange earnings and Outgo-

The Foreign Exchange earned in terms of actual inflows during the year and the Foreign Exchange outgo during the year in terms of actual outflows:	For the year ended
	31.03.2025	31.03.2024
- Foreign Exchange Earnings	NIL	NIL
- Foreign exchange Outgo	NIL	NIL

RISK MANAGEMENT

The Company has developed and implemented a risk management policy for the company. In the opinion of the Board, there are no foreseeable risks that may threaten the existence of the Company.

COMPLIANCE WITH SECRETARIAL STANDARDS

The Company has complied with the applicable provisions of Secretarial Standards issued by the Institute of Company Secretaries of India. NOMINATION AND REMUNERATION POLICY

The Nomination and Remuneration Policy, containing (a) criteria for determining qualifications, positive attributes, independence of a director, etc. and (b) guiding principles for payment of remuneration to Directors, Key Managerial Personnel and other employees, are provided in the Corporate Governance Report.

ANNUAL EVALUATION OF THE BOARD, ITS COMMITTEES, AND INDIVIDUAL DIRECTORS

The evaluation of Board, Committee(s), and individual Directors was carried out based on a structured questionnaire encompassing parameters such as performing statutory duties, level of engagement and contribution, independence of judgment, etc. Further, the details on performance evaluation criteria are provided in the Corporate Governance Report.

MEETINGS OF INDEPENDENT DIRECTORS

The Companys Independent Directors meet at least once in every financial year without the presence of non-independent directors and members of the management.

The independent director in their meeting (a) review the performance of non-independent directors and the Board as a whole, (b) review the performance of the Chairperson of the company, taking into account the views of executive directors and non-executive directors, and (c) assess the quality, quantity, and timeliness of the flow of information between the company management and the Board that is necessary for the Board to effectively and reasonably perform their duties.

A meeting of the Independent Directors was held on 13th February, 2025, and Sri S.Suryanarayana, and Sri P.Muralikrishna, independent directors attended the meeting.

ACKNOWLEDGEMENTS

Your Directors place on record their sincere appreciation to the Shareholders, Investors, Financial Institutions, Banks, Suppliers, Government, and Semi-Government agencies for their continued assistance and co-operation extended to the Company and also wishes to place on record their appreciation of employees for their hard work, dedication, and commitment.

	For and on behalf of the Board of Directors of SSPDL LIMITED
	PRAKASH CHALLA	S.SURYANARAYANAYA
Place : Hyderabad	CHAIRMAN AND MANAGING DIRECTOR	DIRECTOR
Date : 12.08.2025	(DIN 02257638)	(DIN 01951750)