Supertech EV Ltd Directors Report

To, The Members of Supertech EV Limited

The Board of Directors of your Company are pleased to present the Fourth (4th) Board Report on the business and operations of the Company, stating the progress and growth achieved during the year along with Audited Financial Statements with Auditors Report thereon, for the Financial Year ended 31st March 2026.

FINANCIAL HIGHLIGHTS:

The financial performance of the Company for the financial year ended on 31st March 2026 is as follows:

(Figures in thousands except Equity share data)

Particulars	As on 31st March, 2026	As on 31st March, 2025
Revenue from Operations	7,80,378.78	7,50,966.68
Other Income	1,570.63	9,44.39
Total Income	7,81,949.41	7,51,911.08
Total Expenses	7,28,999.52	6,68,468.00
Profit before Exceptional and Extraordinary Items and Tax	52,949.89	83,433.08
Exceptional & Extraordinary Items	-	(109.37)
Profit Before Tax	52,949.89	83,552.45
Less: Income Tax (Current Year)	14,158.15	21,678.90
Less: Deferred Tax	-553.08	191.70
Profit/(Loss) after tax	39,344.81	61,681.85
Earnings Per Share (EPS)	3.32	3.70

The Company has prepared the financial statements in accordance with the generally accepted accounting principles in India (Indian GAAP) to comply in all material respects with the notified Accounting Standards (AS) under Section 133 of the Companies Act, 2013 (the Act), read with rule 7 of the Companies (Accounts) Rules, 2014 and the Companies (Accounting Standards) Amendment Rules, 2016.

RESULTS OF OPERATIONS & STATE OF COMPANYS AFFAIRS

The Company is a public company listed on SME Platform of BSE Limited ("BSE-SME"). During the financial year under review, the Company recorded a turnover of 78,0378.78 thousands against 7,50,966.68 thousands in the previous year and the Company has incurred profit of 39,344.81 thousand as compared to profit of 61,681.85 thousand in the previous financial year. The management of the Company is putting their best efforts to improve the performance of the Company.

TRANSFER TO RESERVES

During the financial year ended 31 March 2026, the Company has not transferred any amount to any reserve. The entire profit for the year forms part of the balance of the Statement of Profit and Loss.

CHANGE IN SHARE CAPITAL STRUCTURE

Authorized Share Capital

During the year under review, there was no change in the Authorised Share Capital of the Company. Accordingly, as at March 31, 2026, the Authorised Share Capital of the Company remained at 13,50,00,000 (Rupees Thirteen Crores Fifty Lakhs only), comprising 1,35,00,000 (One Crore Thirty-Five Lakhs) Equity Shares of 10/- (Rupees Ten only) each.

Paid up Share Capital

As on 31st March 2026, the paid-up Share Capital of the Company stands at ? 12,35,86,880 (Rupees Twelve Crore Thirty-Five Lakhs Eighty-Six Thousand Eight Hundred Eighty only), divided into 1,23,58,688 Equity Shares of ?10/- each.

During the FY 2025-26, Companys share capital increased pursuant to the fresh issue under its Initial Public Offer ("IPO") The movement in the Issued, Subscribed and Paid-up Share Capital during the year is set out below:

Date	Particulars	Number of Equity Shares (face value of Rs. 10/- each)
April 01, 2025	Opening Issued, Subscribed and Paid-up Share Capital	90,09,088
June 30, 2025	Allotment pursuant to Fresh Issue under the IPO	32,49,600
March 31, 2026	Closing Issued, Subscribed and Paid-up Share Capital	1,23,58,688

DIVIDEND

Board have considered it financially prudent in the long-term interest of the Company to re-invest the profits into the business of the Company to build a strong reserve base and grow the business of the Company. Therefore, Board of Directors has not recommended any dividend for the financial year ended on 31st March, 2026.

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

The Company does not have any Subsidiary, Joint Venture or Associate Company; hence provisions of Section 129(3) of the Companies Act, 2013 relating to preparation of consolidated financial statements are not applicable.

MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY WHICH HAVE OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR OF THE COMPANY TO WHICH THE FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT

Except as disclosed elsewhere in this Report, there have been no material changes or commitments affecting the financial position of the Company that have occurred between the end of the financial year to which the financial statements relate and the date of this Report.

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

During the year under review, the Company has not granted any loans, provided any guarantees or made any investments falling within the purview of Section 186 of the Companies Act, 2013.

The requisite disclosures in this regard, as applicable, have been made in the Financial Statements, which are to be read together with the Notes annexed thereto and forming an integral part of the Financial Statements.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

All contracts / arrangements / transactions entered by the Company during the financial year with related parties were in compliance with the applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations. Prior omnibus approval of the Audit Committee is obtained for all related party transactions which are foreseen and of repetitive nature.

SUPERTECH EV LIMITED — ANNUAL REPORT-2025-26

The particulars of contracts or arrangements with related parties referred to in sub-section (1) of Section 188 are attached as Annexure-I in the Form AOC-2.

The Policy on dealing with related party transactions, as approved by the Board may be accessed on the Companys website at the link: https://supertechev.com/investor/policies-and-code-of-conduct

DECLARATION BY INDEPENDENT DIRECTOR

The Company has received necessary declaration from each independent director under Section 149(7) of the Companies Act, 2013 that they continue to confirm the criteria of independence laid down in Section 149(6) of the Companies Act, 2013. The Board of Directors are of the opinion that all the Independent Directors meet the criteria regarding integrity, expertise, experience and proficiency.

In terms of Section 150 of the Act read with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014, Independent Directors of the Company have confirmed that they have registered themselves with the databank maintained by the Indian Institute of Corporate Affairs ("IICA").

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

The particulars as per the Companies (Accounts) Rules, 2014 regarding conservation of energy, technology absorption, Research and Development and Foreign Exchange Earnings are as under:

(A) Conservation of Energy

Steps taken or impact on conservation of energy	Nil
The steps taken by the Company for utilizing alternate sources of energy	Nil
The capital investment on energy conservation equipments	Nil

(B) Technology Absorption

1. Efforts made towards technology absorption: Nil
2. Benefits derived like product improvement, cost reduction, product development or import substitution: Nil

In case of imported technology (imported during the last three years reckoned from the beginning of the financial year)-

Details of technology imported	N.A.
Year of Import
Has technology been fully absorbed
If not fully absorbed, areas where absorption has not taken place, and the reasons thereof

(C) Expenses incurred on Research and Development

During the period under review particulars regarding expenditures on research and development are as under:

Particulars	Nil
Capital Expenditures
Recurring Expenditures
Total
Total Research and development expenses as % of turnover

(D) Foreign Exchange Earnings and Outgo

The Foreign Exchange earned in terms of actual inflows during the year- NIL
The Foreign Exchange outgo during the year in terms of actual outflows- NIL

MANAGERIAL REMUNERATION & PARTICULARS OF EMPLOYEES:

In compliance with Section 197(12) of the Companies Act, 2013, and Rules 5(1) to (3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Annual Report includes detailed disclosures on managerial remuneration and employee compensation, presented in Annexure II.

CORPORATE SOCIAL RESPONSIBILITY (CSR)

Your Company is deeply committed to inclusive growth and has been actively engaged in holistic community development since its inception. Our CSR activities are guided by a comprehensive CSR Policy, ensuring a structured and impactful approach. The policy details can be accessed on our website www.supertechev.in with the link available https://supertechev.com/investor/policies-and-code-of-conduct/

Your company is required to allocate eligible funds to CSR activities for the financial year 2025-26. The Company is making arrangements to spend the funds as per the Act and rules made thereunder. A detailed report on CSR activities is annexed as to Annexure III this report.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Companies Act, 2013, the board of Directors, to the best of their knowledge and ability, confirm that: -

a) in the preparation of the annual accounts, the applicable accounting standards have 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 as on 31st March 2026 and of the profit and loss of the Company for that period;
c) the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
d) the Directors have prepared the annual accounts on a going concern basis.
e) the Directors have laid down internal financial controls to be followed by the Company and such internal financial controls are adequate and were operating effectively
f) the Directors have devised proper system to ensure compliance with the provisions of all applicable laws and such systems were adequate and operating effectively.

ANNUAL RETURN

A copy of the Annual Return as provided under section 92(3) of the Act, in the prescribed form, which will be filed with the Registrar of Companies/MCA, is hosted on the Companys website and can be accessed at https://supertechev.com/

MANAGEMENT DETAILS/INFORMATION

The Board of Directors of the Company comprises individuals with extensive global experience, strong financial acumen, strategic insight, and exemplary leadership qualities. Their unwavering commitment to the Companys success is demonstrated through their active participation and thorough preparation for Board Meetings. The Board conducts a comprehensive skill assessment to identify the core skills, expertise, and competencies of the Directors, ensuring the effective functioning of the Company and the continued achievement of its goals. The Companys Board includes leaders and visionaries who provide strategic direction and guidance. As of March 31, 2026, the Board consists of Four Directors, including Two Executive Directors and Two Non-Executive (Independent) Directors, reflecting an optimal balance.

Composition of Board Directors

As on 31st March 2026, Composition of Board Directors as follows:

S. No	Name of the Director	Designation	Date of Appointment
1.	Mr. Yetender Sharma	Managing Director	12/08/2022
2.	Ms. Geetanjali Sharma	Whole Time Director	01/11/2022
3.	Mr. Sumit Khurana	Independent Director	22/06/2024
4.	Ms. Sukriti Jaggi	Independent Director	22/06/2024

Changes in the Board of Directors

During the year under review, the following changes took place in the composition of the Board of Directors of the Company:

1. Cessation of Mr. Jitender Kumar Sharma

Mr. Jitender Kumar Sharma (DIN: 09777408), Whole-time Director of the Company, ceased to be a Director with effect from October 8, 2025, due to his unfortunate demise. The Board of Directors places on record its sincere appreciation for the valuable contributions and services rendered by him during his tenure with the Company and conveys its deepest condolences to his family.

2. Resignation of Mr. Sachin Haritash

Mr. Sachin Haritash (DIN: 00050897), Independent Director of the Company, ceased to hold office as an Independent Director with effect from March 7, 2026, pursuant to his resignation. The Board places on record its appreciation for the valuable guidance, support and contributions rendered by him during his association with the Company.

Changes in the Board after the Close of the Financial Year

Subsequent to the close of the financial year, the Board of Directors was reconstituted and the following changes took place:

1. Appointment of Mr. Sanjay Gupta

Mr. Sanjay Gupta was appointed as an Additional Director in the category of Non-Executive, Non-Independent Director of the Company with effect from April 15, 2026.

2. Appointment of Mr. Deepak Chauhan

Mr. Deepak Chauhan (DIN: 02960325) was appointed as an Additional Director in the category of Non-Executive, Independent Director of the Company with effect from July 13, 2026.

3. Resignation of Mr. Sumit Khurana

Mr. Sumit Khurana (DIN: 10650331) ceased to be a Director of the Company with effect from July 14, 2026, consequent upon his resignation. The Board places on record its sincere appreciation for the valuable contributions, guidance and support rendered by him during his tenure with the Company.

The Board places on record its appreciation for the contributions and services rendered by the outgoing Directors during their respective tenures and welcomes the newly appointed Directors to the Board.

Key Managerial Personnel of the Company

As on 31st March 2026, Key Managerial Personnel as follows:

S. No.	Name of the Director	Designation	Date of Appointment
1.	Mr. Yetender Sharma	Managing Director	12/08/2022
2.	Ms. Geetanjali Sharma	Whole Time Director	01/11/2022
3.	Mr. Jatin Dhawan	CFO	21/10/2024
4.	Mr. Mayank Nigam	Company Secretary	16/01/2026

During the year under review, the following changes took place in the Key Managerial Personnel:

Ms. Pooja Jain resigned from the position of Company Secretary and Compliance Officer of the Company with effect from January 15, 2026. The Board places on record its appreciation for the services rendered by her during her tenure with the Company.

Subsequently, Mr. Mayank Nigam was appointed as the Company Secretary and Compliance Officer of the Company with effect from January 16, 2026.

RE-APPOINTMENT AT THE ENSURING AGM RETIREMENT OF DIRECTOR BY ROTATION

In accordance with the provisions of the Act, not less than 2/3rd (two-third) of the total number of directors of the Company (other than Independent Directors and Nominee Directors) shall be persons whose period of office is liable to determination by retirement of directors by rotation and one-third of such of the directors for the time being are liable to retire by rotation at every subsequent annual general meeting. Accordingly, pursuant to the Act read with Articles of Association of your Company, Mr. Yetender Sharma (DIN: 09702846) been longest in office is liable to retire by rotation and, being eligible, offers himself for reappointment.

MEETINGS OF THE BOARD

During the financial year 2025-26, the Board of Directors met 10 (Ten) times. The meetings were conducted in compliance with the provisions of the Companies Act, 2013 and Secretarial Standard-1 (SS-1) issued by the Institute of Company Secretaries of India.

During the period under review, the meetings were held on 15-04-2025, 17-06-2025, 19-06-2025, 30-06-2025, 01-09-2025, 01-11-2025, 05-11-2026, 14-11-2025, 16-01-2026 and 21-01-2026. The maximum gap between two consecutive meetings did not exceed 120 days.

The details of the Meetings are as follows:

S. No.	Name of the Director	Designation	No of board Meetings held during his/her tenure as Director in the year	No. Meetings Attended during the year
1.	Mr. Yetender Sharma	Managing Director	10	10
2.	Mr. Jitender Kumar Sharma	Chairman & Whole Time Director	05	05
3.	Ms. Geetanjali Sharma	Whole Time Director	10	10
4.	Mr. Sachin Haritash	Independent Director	10	10
5.	Mr. Sumeet Khurana	Independent Director	10	10
6.	Ms. Sukriti Jaggi	Independent Director	10	10

COMMITTEES OF THE BOARD & ITS MEETING

The Board committees play a crucial role in the governance structure of the Company and have been constituted to deal with specific areas/activities which concern the Company and need a closer review. The Board committees are set up under the formal approval of the Board, to carry out clearly defined roles which are considered to be performed by the members of the Board, as a part of good governance practice.

All decisions and recommendations of the committees are placed before the Board for information or approval. The minutes of the meetings of all the committees are placed before the Board for their review.

The Company has currently had 4 (Four) Committees:

a) Audit Committee (AC)
b) Nomination and Remuneration Committee (NRC)
c) Stakeholders Relationship Committee (SRC).
d) Corporate Social Responsibility Committee (CSR).

The major terms of reference of the Committees, its composition and number of meetings held during the year ended March 31, 2026 are as follows:

AUDIT COMMITTEE

Your Company has duly constituted Audit Committee with 3 Members in accordance of Section 178 of the Companies Act, 2013. Composition of the Audit Committee as on 31st March 2026:

Sr. No.	Name of the Director	Date of Appointment	Designation in the Committee
1	Mr. Sumit Khurana	22/06/2024	Chairman & Member
2.	Mr. Yetender Sharma	22/06/2024	Member
3.	Ms. Sukriti Jaggi	07/03/2026	Member

Note

During the year under review, Mr. Sachin Haritash (DIN: 00050897), Independent Director of the Company, resigned from the office of Independent Director with effect from March 7, 2026. Consequent to the aforesaid change in the composition of the Board, the Board of Directors approved the reconstitution of the various Board Committees with effect from the said date.

During the financial year 2025-26, the Audit Committee met 03 (Three) times on 17-06-2025, 01-11-2025 and 14-11-2025. The attendance of members of Committee are as follows:

Sr. No.	Name of the Director	No of Committee Meetings held during his/her tenure as Director in the year	No. of Meetings Attended during the year
1.	Mr. Sumit Khurana	RIGHT>3	3
2.	Mr. Yetender Sharma	3	3
3.	Ms. Sukriti Jaggi	0	0

Further the terms of reference and other details regarding the Audit Committee, stakeholders may access the Companys website at the link: https://supertechev.com/

1. Mr. Sumit Khurana	22/06/2024	Chairman & Member
2. Ms. Sukriti Jaggi	22/06/2024	Member

NOMINATION AND REMUNERATION COMMITTEE

Your Company has duly constituted Nomination & Remuneration Committee with 3 Members in accordance of Section 179 of the Companies Act, 2013. Composition of Nomination & Remuneration Committee as on 31st March 2026:

Sr. No. Name of the Director	Date of Appointment	Designation in the Committee
1. Mr. Sumit Khurana	22/06/2024	Chairman & Member
2. Ms. Sukriti Jaggi	22/06/2024	Member

Note

During the year under review, Mr. Sachin Haritash (DIN: 00050897), Independent Director of the Company, resigned from the office of Independent Director with effect from March 7, 2026. Further, Mr. Sanjay Gupta was appointed as an Additional Director in the category of Non-Executive, Non-Independent Director of the Company with effect from April 15, 2026. Consequent to the aforesaid changes in the composition of the Board, the Board of Directors approved the reconstitution of the various Board Committees with effect from the respective dates of the aforesaid changes.

During the financial year 2025-26, the Nomination & Remuneration Committee met 02 (Two) times on 15-04-2025 and 16-01-2026. The attendance of members of Committee are as follows:

Sr. No. Name of the Director	No of Committee Meetings held during his/her tenure as Director in the year	No. of Meetings Attended during the year
1. Mr. Sumit Khurana	2	2
2. Ms. Sukriti Jaggi	2	2

Further the terms of reference and Nomination & Remuneration Policy is updated on the website of the Company i.e. at the link https://supertechev.com

STAKEHOLDERS RELATIONSHIP COMMITTEE MEETING

Your Company has duly constituted Stakeholders Relationship Committee with 3 Members in accordance of Section 179 of the Companies Act, 2013. Composition of Stakeholders Relationship Committee as on 31st March 2026:

Sr. No. Name of the Director	Date of Appointment	Designation in the Committee
1. Mr. Sumit Khurana	22/06/2024	Chairman & Member
2. Ms. Geetanjali Sharma	22/06/2024	Member
3. Ms. Sukriti Jaggi	07/03/2026	Member

Note

During the year under review, Mr. Sachin Haritash (DIN: 00050897), Independent Director of the Company, resigned from the office of Independent Director with effect from March 7, 2026. Consequent to the aforesaid change in the composition of the Board, the Board of Directors approved the reconstitution of the various Board Committees with effect from the said date.

During the financial year 2025-26, the Stakeholders Relationship Committee met 01 (One) time on 15-01-2026. The attendance of members of Committee are as follows:

1.	Mr. Sumit Khurana	1	1
2.	Ms. Geetanjali Sharma	1	1
3.	Ms. Sukriti Jaggi	0	0

During financial year 2025-26 no meeting of Stakeholders Relationship Committee was held.

Further the terms of reference of the Committee and other information, stakeholders may access the Companys website at the link: https://supertechcv.com

CORPORATE SOCIAL RESPONSIBILITY COMMITTEE

Your Company has duly constituted Corporate Social Responsibility Committee with 3 Members in accordance of Section 179 of the Companies Act, 2013. Composition of Corporate Social Responsibility Committee as on 31st March 2026:

Sr. No. Name of the Director	Date of Appointment	Designation in the Committee
1. Mr. Sumit Khurana	22/06/2024	Chairman & Member
2. Mr. Yetender Sharma	22/06/2024	Member
3. Ms. Sukriti Jaggi	07/03/2026	Member

Note

During the year under review, Mr. Sachin Haritash (DIN: 00050897), Independent Director of the Company, resigned from the office of Independent Director with effect from March 7, 2026. Consequent to the aforesaid change in the composition of the Board, the Board of Directors approved the reconstitution of the various Board Committees with effect from the said date.

During the period under review, the Corporate Social Responsibility meetings were held on 25/03/2026.

A detailed report on CSR activities is annexed as to Annexure III this report.

INDEPENDENT DIRECTORS MEETING

The Independent Directors played active role in Board as well as committee meetings in which they are members. keeping in view the provisions the meeting of Independent Directors held on March 31, 2026, without the presence of Non-Independent Directors and members of the Management.

They reviewed the performance of Non-Independent Directors and the Board as a whole, the performance of the Chairman of the Company, taking into account the views of Executive Director and Non-Executive Directors and assessed the quality, quantity and timeliness of flow of information between the Company Management and the Board that is necessary for the Board to effectively and reasonably perform its duties.

The Independent Directors expressed satisfaction over the performance and effectiveness of the Board, individual Non-Independent Directors and the Chairman.

As per the provisions of the Companies Act, 2013 read with Schedule IV, following are the Independent Directors and their attendance as follows.

Sr. No. Name of member	Date of Appointment	No of Meetings held during his/her tenure as Director in the year	No. of Meetings Attended during the year
2. Sumit Khurana	31/03/2026	1	1
3. Sukriti Jaggi	31/03/2026	1	1

PERFORMANCE EVALUATION

Pursuant to the provisions of Section 134(3)(p) of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, the Nomination and Remuneration Committee has laid down the criteria for evaluation of the performance of the Board, its Committees and individual Directors.

The Board has carried out an annual evaluation of its own performance, the performance of its Committees, namely, the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee and Corporate Social Responsibility Committee, and that of the individual Directors.

The evaluation was carried out on the basis of various parameters, including the composition and effectiveness of the Board and its Committees, participation and contribution of the Directors, quality of deliberations, strategic guidance, governance practices, decision-making process and discharge of statutory responsibilities.

The Independent Directors, at their separate meeting held during the year, reviewed and evaluated the performance of the Non-Independent Directors, the Chairperson and the Board as a whole, taking into account the views of the Executive and Non-Executive Directors.

Based on the outcome of the evaluation, the Board is of the opinion that the Board, its Committees and all the Directors continue to function effectively and discharge their duties efficiently in accordance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Criteria for performance evaluation criteria is available on the website of the Company at: https://supertech.ec.com

POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION INCLUDING CRITERIA FOR DETERMINING QUALIFICATIONS, POSITIVE ATTRIBUTES, INDEPENDENCE AND OTHER MATTERS PROVIDED UNDER SECTION 178 (3)

The Company has in place a Nomination & Remuneration Committee in accordance with the requirements of the Companies Act, 2013.

The Committee has formulated a policy on Directors appointment and remuneration including recommendation of remuneration of the key managerial personnel including senior management and other employees, composition and the criteria for determining qualifications, positive attributes and independence of a director and the policy is available on the website of the Company i.e. https://supertech.ec.com

VIGIL MECHANISM / WHISTLE BLOWER POLICY

In compliance with the requirement of the Companies Act, 2013 and SEBI Listing Regulations, the Company has established a Whistle Blower Policy / Vigil Mechanism Policy that enables the Directors and Employees to report genuine concerns. The vigil mechanism provides for

a) adequate safeguards against victimization of persons who use the vigil mechanism; and
b) direct access to the Chairperson of the Audit Committee of the Board of Directors of the Company in appropriate or exceptional cases.

No complaint of this nature has been received by the Audit Committee during the year under review.

No person has been denied access to the Chairperson of the Audit Committee. During the financial year 2025-26, no cases under this mechanism were reported to the Company.

The Vigil Mechanism - cum - Whistle Blower Policy may be accessed on the Companys website at the link: www.supertech.ec.com

INTERNAL FINANCIAL CONTROL SYSTEM

The Company has in place adequate internal financial controls with reference to the financial statements, which are commensurate with the size, scale and complexity of its operations. These controls are designed to ensure the orderly and efficient conduct of the Companys business, adherence to the Companys policies and procedures, safeguarding of assets, prevention and detection of frauds and errors, accuracy and completeness of accounting records and timely preparation of reliable financial information.

The internal control systems and procedures are reviewed periodically to assess their effectiveness and efficiency. The Company has established appropriate checks and balances to ensure that transactions are duly authorised, accurately recorded and appropriately reported. Based on the assessment undertaken during the financial year, the Board is of the opinion that the Companys internal financial controls were adequate and operating effectively during the year under review.

EXPLAINATION OR COMMENTS ON QUALIFICATION RESERVATION OR ADVERSE REMARK OR DISCLAIMERS MADE BY THE AUDITORS:

STATUTORY AUDITOR:

M/s. Rajesh Kukreja & Associates (ICAI Firms Registration Number : 004254N) appointment as Statutory Auditors of the Company for a term of five years i.e. from the conclusion of First AGM till the conclusion of the Sixth AGM.

The Report given by M/s. Rajesh Kukreja & Associates. Statutory Auditors on the financial statement of the Company for the year 2025-26 is part of Annual Report. There has been no qualification, reservation or adverse remark or disclaimer in their Report. During the year under review, there were no material or serious instances of fraud falling within the purview of Section 143(12) of the Companies Act, 2013 and rules made thereunder, by officers or employees reported by the Statutory Auditors of the Company during the course of the audit conducted and therefore no details are required to be disclosed under Section 134(3) (ca) of the Act.

SECRETARIAL AUDITOR:

Pursuant to the provisions of Section 204 of the Act read with rules made thereunder and Regulation 24A of the SEBI Listing Regulations, M/s, Nitin Bhardwaj & Associates, Practicing Company Secretaries (Firm Registration No. S2024UP990400 and Peer Review No. 6080/2024 were appointed as the Secretarial Auditor of the Company for the financial year 2025-26.

M/s, Nitin Bhardwaj & Associates conducted the Secretarial Audit of the Company for the financial year ended March 31, 2026 and the Secretarial Audit Report in Form MR-3 is annexed to this Boards Report as Annexure IV and forms an integral part of this Annual Report. The Secretarial Audit Report is self-explanatory and does not contain any qualification, reservation, adverse remark or disclaimer.

COST AUDITOR:

As on 31st March 2026, the Company has not triggered the prescribed limits under Section 148 of the Companies Act, 2013 and rules made thereunder for applicability of Secretarial Audit. Accordingly, the requirement for submission of the Cost Audit Report is not applicable for the financial year under review.

INTERNAL AUDITOR

Pursuant to the provisions of Section 138 of the Act and the rules made thereunder, M/s KMRG & Associates, Chartered Accountants (Firm Registration No.029698N) were appointed as the Internal Auditors of the Company for the FY 2025-26.

The Internal Auditors conducted periodic internal audits during the year under review and submitted their reports to the Audit Committee. The Audit Committee regularly reviewed the internal audit findings, significant observations, management responses and the status of implementation of corrective actions,wherever required. The Committee also monitored the adequacy and effectiveness of the Companys internal financial controls, internal control systems and risk management framework.

FRAUDS REPORTED BY THE AUDITORS:

During the year under review, no instance of fraud has been reported by any of the Auditors of the Company under Section 143(12) of the Companies Act 2013 to the Audit Committee/ Board of Directors or the Central Government. Therefore, no detail is required to be disclosed under Section 134(3) (ca) of the Companies Act.

CORPORATE GOVERNANCE

Pursuant to Regulation 15(2) (a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the compliance of corporate governance provisions shall not apply to the listed entity which has listed its specified securities on the SME Exchange.

As the Equity Shares of your Company listed on SME Platform of BSE Limited ("BSE-SME"), therefore the provisions regarding Corporate Governance are not applicable to your Company.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

In accordance with Regulation 34(2)(e) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, ("SEBI Listing Regulations") we invite you to review the Management Discussion & Analysis (MDA) Report included in our Annual Report.

The MDA Report offers a comprehensive overview of our operations, financial performance, and strategic direction. It covers market trends, key achievements, challenges, and future growth initiatives, providing valuable insights into our business performance and outlook.

We encourage all stakeholders to refer to the MDA Report for a detailed understanding of our company progress, industry positioning, and long-term vision.

COMPLIANCE WITH SECRETARIAL STANDARDS AND INDIAN ACCOUNTING STANDARDS

The Board of Directors affirms that during the Financial Year 2025-26, the Company has complied with the applicable Secretarial Standards issued by the Institute of Company Secretaries of India i.e. SS-1 and SS-2 relating to Meetings of the Board of Directors and General Meetings respectively and approved by the Central Government under Section 118(10) of the Companies Act, 2013. In the preparation of the Financial Statements, the Company has also applied the Indian Accounting Standards (Ind AS) specified under Section 133 of the Companies Act, 2013, read with Companies (Indian Accounting Standards) Rules, 2015.

DEVELOPMENT AND IMPLEMENTATION RISK MANAGEMENT POLICY

The provisions relating to the constitution of a Risk Management Committee are not applicable to the Company. However, the Company has voluntarily adopted a Risk Management Policy to identify, assess, monitor and mitigate various risks that may adversely impact its business and operations. The Board of Directors periodically reviews the key risks and the adequacy and effectiveness of the risk mitigation measures to ensure the orderly and efficient conduct of the Companys business.

CODE OF CONDUCT AND ETHICS

The Board of Directors of the Company has adopted a Code of Conduct and Ethics for the Directors and Senior Executives of the Company. The object of the Code is to conduct the Companys business ethically and with responsibility, integrity, fairness, transparency and honesty. The Code sets out a broad policy for ones conduct in dealing with the Company, fellow Directors and with the environment in which the Company operates.

INFORMATION REQUIRED UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013

Your Company has a policy and framework for employees to report sexual harassment cases at workplace and the process ensures complete anonymity and confidentiality of information. No complaints of sexual harassment were raised in the financial year 2025-26.

The details of complaints received or disposed off during the reporting year are as follows:

Number of Sexual Harassment Complaints received	Nil
Number of Sexual Harassment Complaints disposed off	Not Applicable
Number of Sexual Harassment Complaints pending beyond 90 days	Not Applicable

COMPLIANCE UNDER THE MATERNITY BENEFIT ACT, 1961

The Company affirms that it has duly complied with all provisions of the Maternity Benefit Act, 1961, and has extended all statutory benefits to eligible women employees during the year.

GENERAL

a) PUBLIC DEPOSITS: The Company during the FY 2025-26, did not accept any deposits from the public which is falling under the purview of Chapter V of the Act read with the Rule 8(5)(v) of Companies (Accounts) Rules, 2014.

b) ONE TIME SETTLEMENT: There was no instance of a one-time settlement entered into by the Company with any Bank or Financial Institution during the financial year under review.

c) REVISION IN FINANCIAL STATEMENT: During the period under review, there was no revision in the financial statements.

d) REMUNERATION AND COMMISSION FROM SUBSIDIARY: During the financial year under review, neither the Managing Director nor any Whole-time Director of the Company received any remuneration or commission from any of the Companys subsidiaries.

e) CHANGE IN NATURE OF BUSINESS: There was no change in the nature of the business of the Company during FY 2025-26.

f) COST AUDIT AND COST RECORDS: Pursuant to the provisions of Section 148 of the Act read with the applicable rules made thereunder, the maintenance of cost records and the requirement of cost audit are not applicable to the Company in respect of its business activities.

g) TRANSFER TO INVESTOR EDUCATION AND PROTECTION FUND (IEPF): During the financial year under review, there were no amounts lying unpaid or unclaimed towards dividend or any other amounts required to be transferred to the Investor Education and Protection Fund ("IEPF") pursuant to the provisions of Section 125(2) of the Act. Accordingly, no amount was transferred by the Company to the IEPF during the year under review.

h) APPLICATION/PROCEEDINGS PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016: No application was filed against the Company, nor were any proceedings pending under the Insolvency and Bankruptcy Code, 2016, as on March 31, 2026.

i) CORPORATE ACTION: During the FY 2025-26, the Company duly complied with all applicable statutory and regulatory requirements relating to corporate actions. There was no instance of any delay

j) DOWNSTREAM INVESTMENT COMPLIANCE: Pursuant to the applicable provisions of the Foreign Exchange Management Act, 1999 ("FEMA") and the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 ("NDI Rules"), the provisions relating to downstream investment are not applicable to the Company. Accordingly, the Company was not required to obtain any certification or reporting from its Statutory Auditors in this regard during the financial year under review.

k) EQUITY SHARES WITH DIFFERENTIAL VOTING RIGHTS AND SWEAT EQUITY SHARES: During the year under review, the Company has neither issued the equity shares with differential voting rights nor issued sweat equity shares in terms of the Act and the rules made thereunder.

l) SIGNIFICANT OR MATERIAL ORDERS: No significant or material orders were passed by the Regulators or Courts or Tribunals, which impact the going concern status and Companys operations in future.

m) EMPLOYEES STOCK OPTION SCHEME (ESOP): During the year under review, the Company has not issued the equity shares to their employee in terms of the Act and the rules made thereunder.

ACKNOWLEDGEMENT AND APPRECIATION

The Board of Directors extends its sincere gratitude for the invaluable guidance and support received from all stakeholders of the Company. This includes the Ministry of Corporate Affairs, the Securities and Exchange Board of India, the BSE, and other regulatory authorities. The Board also acknowledges the continued trust and support of our bankers, lenders, financial institutions, members, National Securities Depository Limited, Central Depository Services (India) Limited, and customers.

Furthermore, the Directors commend the unwavering commitment demonstrated by all executives, officers, staff, and the Senior Management team, which has significantly contributed to the Companys excellent performance during the financial year.

Date: 01-09-2026

Place: Bahadurgarh, Haryana

For & on behalf of Supertech Ev Limited

Geetanjali Sharma

Whole time Director

DIN: 09777406

Yetender Sharma

Managing Director

DIN: 09702846