SVC Industries Ltd Directors Report

TO THE MEMBERS

Your Directors present the 34" Annual Report together with the Audited Statement of Accounts of the Company for the financial year ended March 31,2025.

FINANCIAL RESULTS: (RS.in Lacs)

Particulars	2024-25	2023-24
Revenue from operation	131.39	40.92
Other Income	119.31	21.63
Total Income	250.7	62.55
Expenditure	(408.41)	(281.90)
Profit / Loss for the period	(157.71)	(219.35)
Loss due to assets discarded	-	-
Profit / Loss Before Tax	(157.71)	(219.35)
Other comprehensive Income	-	-
Total Comprehensive Income (Net of Tax)	(157.71)	(219.35)

Your Companys total revenue during the financial year ended 31st March, 2025 is Rs. 250.70 Lakhs, compared to previous year which stood atRs. 62.55 Lakhs, which is mainly by way of lease rentals and Agritrading sales. DIVIDEND: Yourdirectors have not recommended any dividend on equity shares for the yearasthere is no profitin the year. TRANSFEROF RESERVES

The company has incurred Net Loss of Rs.157.21 Lakh for the period ended on 31st March, 2025, therefore, the Company has not transferred any sum tothe Reserve & Surplus account except Net Loss of Rs. 157.21 Lakh.

STATE OF COMPANYS AFFAIRS:

In view of the OTS approval, received by the Company in past, the Company has paid to Pradeshiya Industrial and Investment Corporation of Uttar Pradesh (‘PICUP) a sum of Rs. 678.92 Lakhs towards the same on 20th April, 2024 while the balance amount of OTS has remained unpaid. The Company requested PICUP for additional time for repayment of the balance amount. PICUP granted the additional time upto 3rd June, 2025 to pay the balance. The Company in recent past years approached several bank / financial institutions to supportthe Company to commence the business, however, the approval is still awaited.

DETAILS OF SIGNIFICATION AND MATERIAL ORDERS PASSED BY THE REGULATORS / COURTS / TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND THE COMPANYS OPERATIONS IN FUTURE:

Inthe year under review no material order has been passed by above said authorities impacting the going concemed status. INTERNALFINANCIAL CONTROL (IFC):

The Company has in place adequate intemal financial controls, with reference to financial statement. It has established an integrated frameworkfor managing risks and internal controls.

The Board has also adopted the procedures for ensuring the orderly and efficient conduct of its business, including adherence to the Companys policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting record and timely preparation of reliable financial disclosures.

DIRECTORSREPORT

The intemal financial controls have been documented and embedded in the business processes. Such controls have been assessed during the year under reviewand have been operating effectively.

The Audit Committee reviews and evaluates adequacy and effectiveness of the Companys internal control environment and monitors the implementation of audit recommendations. The Company has appointed Mr. S.K. Khandelwal, Chartered Accountants as the Intemnal Auditor in compliance with section 138 of the Companies Act, 2013. The scope of audit and the outcome of the audit are reviewed by Audit Committee at regularintervals. DEPOSITS UNDER CHAPTER V OF THE COMPANIESACT, 2013:

The Company has neither accepted nor renewed any Deposits from the public within the ambitof Section 73 of the CompaniesAct, 2013 and the Companies (Acceptance of Deposits) Rules,2014.

PARTICULARS OF LOANS, GUARANTEESAND INVESTMENTS:

The particulars of loans given, guarantees provided and investments made, have been duly disclosed in the financial statements. STATUTORY AUDITORS:

Pursuant to Section 139 of the Act and Rules made thereunder, the Company at ts 31st AGM appointed Mis. B.M. Chaturvedi & Co. (Firm Registration No. 114317W) as the Statutory Auditors of the Company for a period of 5 years from the conclusion of 31stAGM until the conclusion of 36th AGM of the Company. Pursuant to amendments in Section 139 of the Act, the requirements to place the matter relating to such appointment for ratification by Members at every AGM has been done away with. The Reports given by Mis. B. M. Chaturvedi & Co., Chartered Accountants on the financial statements ofthe Company for FY 2024-25 are partofthe Annual Report.

AUDITORS REPORT:

The observations by the Auditors in their report are self-explanatory and, in the opinion of the Board, do not require any further explanation.

SHARE CAPITAL:

At present, Company has only one class of shares i.e. equity shares of Rs. 10 each. The authorized share capital is Rs. 170 Crores divided into 17 Crores equity shares of Rs. 10 each. The issued, subscribed and paid-up capital of the Company is Rs. 161.86 Crores as on March 31, 2025. The Company has neither issued any shares with differential rights as to dividend, voting or otherwise, nor issued any sweat equity shares or employee stock options during the financial year under review. Further, your Companys equity shares are

listed on BSE Ltd.

ANNUAL RETURN:

As required under section 134(3)(a) of the CompaniesAct, 2013, the annual return once filed with registrar of companies/MCA shall be placed on the website of the Company and can be accessed at https:/svcindustriesltd.com/investors.

CHANGE OF REGISTRARAND TRANSFERAGENT:

The Company has changed its Registrar and Transfer Agent (RTA) with effect from 11.04.2025. The new RTAis Purva Sharegistry

(India) Private Limited having its registered office at Unit no. 9, Shiv Shakti Industrial Estate, J. R. Boricha Marg, Lower Parel (East), Mumbai -400011 The change of RTAwas undertaken toimprove the efficiency and quality of services related to share registry and investor relations. The new RTAhas a proven track record of providing excellent services to companies and their investors.

Shareholders are advised to correspond with the new RTAforall matters related to share registry, dividend payments, and other investor services. The change is expected to enhance the overall experience for shareholders and improve the Companys compliance with regulatory requirements.

CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION:

The particulars of conservation of energy, technology absorption, foreign exchange earnings and outgo for the financial year under review as required to be given under Section 134(3)(m) of the CompaniesAct, 2013 and Rule 8(3) of the Companies (Accounts) Rules, 2014 is notapplicableto the Company.

FOREIGN EXCHANGE EARNINGS & OUTGO:

The Company has not utilized any foreign exchange and has not earned any foreign exchange during the financialyear ended March 31, 2025,

CORPORATE SOCIALRESPONSIBILTIY:

The Provision with respect to Corporate Social Responsibility is not attracted to the Company. CHANGE IN DIRECTORSAND KEY MANAGERIAL PERSONNEL

In accordance with the provisions of the CompaniesAct, 2013 and the Articles of Association of the Company, Mr. Suresh V. Chaturvedi (DIN: 00577689), Director of the company retires by rotation at the ensuing Annual General Meeting and being eligible, offer himself for re-appointment. The brief resume/details about Mr. Suresh V. Chaturvedi (DIN: 00577689) is given in the Notice of the ensuing AGM sentto the shareholders along with the Annual Report. As on date 31 March 2025, the Company has Mr. Suresh Chaturvedi, Mr. Subhash Chandra Rastogi, Mr. Advait Chaturvedi, Mr. Ambuj Chaturvedi, Mr. Anoop Gupta & Ms. Sonal Jitendra Waghela as Directors of the Company. Mr. Kapil Chaturvedi, Managerand CFO of the Company.

None of the Directors of the company are disqualified for being Directors as specified under section 164 of the Companies Act, 2013. Report from Independent Company Secretary in Practice is attached as Certificate of Non-Disqualification of Directors.

Ms. Jyoti Darade, resigned from the position of Company Secretary of the Company with effect from July 31, 2025. Mr. Jishan Ahmediis appointed as the Company Secretary of the Companywith effectfrom August 01, 2025.

STATEMENT ON DECLARATION BY ANINDEPENDENT DIRECTOR (S) AND RE -APPOINTMENT, IF ANY:

All the Independent Directors have given a declaration that they meet the criteria of independence as laid down under Section 149(6) of theAct and affirmed compliancewith Code of Ethics and Business Principles as required under Regulation 25 of Listing Regulations.

During the year, the non-executive directors of the Company had no pecuniary relationship ortransactionswith the Company, other than sitting fees, commission, and reimbursement of expenses incurred by them for the purpose of attending meetings ofthe Company. In the opinion of the Board, all the Independent Directors possess the integrity, expertise and experience including the proficiency required to be Independent Directors of the Company, fulfill the conditions of independence as specified in the Act and Listing Regulations and are independent of the management and have also complied with the Code for Independent Directors as prescribedin ScheduleIV oftheAct.

COMPANYS POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION

In accordance with the provisions of the Section 178 of the Companies Act, 2013 read along with the applicable Rules thereto and regulation 19 of the SEBI LODR, the Company has constituted Nomination and Remuneration Committee and has formulated “Nomination and Remuneration Policy” containing Criteria for determining the qualifications, positive attributes, independence of a director and other matters provided under section 178(3) of the Companies Act, 2013 for selection of any Director, Key Managerial Personnel and Senior Management Employees.

The said policy of the Company is directed towards rewarding performance, based on the review of achievements on a periodic basis. The Board of Directors has approved a Nomination and Remuneration policy and the same is available on the website of the company at https://svcindustriesltd.com/policies/.

The details pertaining to the composition of the Nomination and Remuneration Comnittee are included in the Corporate Governance Report, which forms partofthis Report.

ANNUAL EVALUATION

The Nomination and Remuneration Committee (NRC) has approved a framework / policy for performance evaluation of the Board, Committees of the Board, and the individual members of the Board (including the Chairperson) which includes criteria for performance evaluation, which is reviewed annually by the Committee. A questionnaire for the evaluation of the Board, its committees and the individual members of the Board (including the Chairperson), designed in accordance with the said framework and covering various aspects of the performance of the Board and its Committees, including composition and quality, roles and responsibilities, processes and functioning, adherence to Code of Conduct and Ethics and best practices in Corporate Govemance as mentioned i the Guidance Note on Board Evaluation issued by the Securities and Exchange Board of India on January 5, 2017 was circulated to the Directors. Pursuant to the provisions of the Act and SEBILODR and based on policy devised by the Committee, the board has carried out annual evaluation of its own performance, its committees and individual directors. The board performance was evaluated on inputs received from all the Directors after considering criteria as mentioned aforesaid. The performance ofthe Committees was evaluated by the Board of Directors on inputs received from all the Committee Members after considering criteria as mentioned aforesaid. Pursuant to SEBI LODR, performance evaluation of independent director was done by the entire Board, excluding the independent director being evaluated. The performance evaluation of non-independent directors and the board as a whole and Chairman of the Board was also carried outby the Independent Directors of the Company through separate meeting ofindependent directors held on February 14,2025. NUMBER OF MEETINGSOF THE BOARD OF DIRECTORS:

During the year under review, 5 (Five) Board Meetings were conveyed and held. The details of which are given in the Corporate Governance Report. The intervening gap between the Meetingswas within the period prescribed under the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

COMMITTEE OF THE BOARD

The Board of Directors have the following Committees:

1. Audit Committee

2. Nomination and Remuneration Committee

3. Stakeholders Relationship Committee

The details of the Committees along with heir composition, number of meetings and attendance at the meetings are provided in the Corporate Govemance Report.

COMPLIANCE WITH THE PROVISIONS OF SECRETARIAL STANDARD - 1 (SS-1) AND SECRETARIAL STANDARD -2(SS-2)

The Directors have devised a proper system to ensure compliance with the provisions of all applicable Secretarial Standards issued by the Institute of Company Secretaries of India and that such systems are adequate and operating effectively. The company has complied with SS-1and SS-2.

AUDIT COMMITTEE:

The Audit Committee acts as a link between the statutory and intemal auditors and the Board of Directors. Its purpose is to assist the Board infulflling its oversight responsibilties of monitoring financial reporting processes, reviewing the Companys established systems and processes for internal financial controls, govemance and reviewing the Companys statutory and intemal audit activities. The Comnittee is governed by a Charter which is in line with the regulatory requirements mandated by the Companies Act, 2013 and Regulation 18 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. During the financial year under review the Comnittee met 4 (four) times.

STAKEHOLDER RELATIONSHIP COMMITTEE:

‘Your Company believes that its members are amongst its most important stakeholder. The Stakeholder Relationship Committee was re- constituted at the Board Meeting held on 27th May, 2024, by inducing Mr. Ambuj Chaturvedi and retiring Mr. Suresh V. Chaturvedi. As on date, the Stakeholder Relationship Committee of the Company consists of Mr. Ambuj Chaturvedi as Chairman, Mr. Subhash Chandra Rastogi and Mr. Advait Chaturvedi as a Member. During the year under review, the Stakeholders Relationship Committee met for 23 times. NOMINATION AND REMUNERATION COMMITTEE:

The Board has, on the recommendation of the Nomination and Remuneration Committee framed a policy for selection and appointment of Directors, Key Managerial Personal and their remuneration. The Nomination and Remuneration Committee consistof Mr. Subhash Chandra Rastogi as a Chairman, Ms. Sonal Waghela and Mr. Advait Chaturvedi as a Member. This Committee has been constituted as per terms or provision of the Companies Act and under regulation of SEBI (Listing Obligations and Disclosure Requirements) Regulations.2015. During the financial year under review the Committee met 1 (One) time.

MEETING OF INDEPENDENT DIRECTOR:

During the year 2024-25, one meeting of independent director was held on 07 February 2025. The Independent Directors Mr. Subhash Chandra Rastogi and Ms. Sonal Waghela and Mr. Anoop Gupta met without the attendance of Non-Independent Directors and the members of the Management. The Independent Directors, inter alia, reviewed the performance of Non- Independent Directors and the Board as a whole; the performance of the Chairman of the Company 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 perform their duties eflectively and reasonably.

VIGIL MECHANISM/WHISTLE BLOWERPOLICY:

The Company has implemented a Whistle Blower Policy pursuantto which Whistle Blower can raise concerns relating to Reportable Matters (as defined n the policy) such as breach of Code of Conduct, fraud, bribery, corruption, employee misconduct, llegality, health & safety, environmental issues and wastage/mis- appropriation of bank funds/assets, etc. Further, the mechanism adopted by the Company encourages the Whistle Blower to report genuine concems or grievances and provides for adequate safe guards against victimization of Whistle Blower, who can avail such mechanism and has direct access to the Chaimman of the Audit Committee, in exceptional cases.

The functioning of the Vigil Mechanism is reviewed by the Audit Committee from time to time. None of the Whistle Blower has been denied access to the Audit Committee of the Board. The details of the Whistle Blower Policy are available on the website of the Company i.e. www.svcindustriesitd.com

CONTRACT/ARRAGEMENT WITHRELATED PARTIES:

Al related party transactions that were entered during the financial year were in ordinary course of the business of the Company and were on arms length basis. There are no materially significant related party transactions made by the Company with Promoters, Directors, Key Managerial Personnel or other designated persons which may have potential conflict with the interest of the Company. The policy on materiality of Related Party Transactions is uploaded on the website ofthe Company. The disclosure of Related Party Transactions as required under Section 134(3)(h) of the Companies Act, 2013 in Form AOC-2is not applicable.

RISKMANAGEMENT:

Your Company has an elaborate Risk Management Framework, which is designed to enable risks to be identified, assessed and mitigated appropriately. The Board is entrusted with the responsibility to assist in (a) Overseeing and approving the Companys enterprise wide risk management framework; and (b) Overseeing thatall the risks that the organization faces such as financial, credit, market, liquidity, security, property, IT, legal, regulatory, reputational and other risks have been identified and assessed and there is an adequate risk management infrastructure in place, capable of addressing those risks.

DISCLOSURE, AS TO WHETHER MAINTENANCE OF COST RECORDS AS SPECIFIED BY THE CENTRAL GOVERNMENT UNDER SUB-SECTION (1) OF SECTION 148 OF THE COMPANIES ACT, 2013, IS REQUIRED BY THE COMPANY AND ACCORDINGLY SUCHACCOUNTSAND RECORDS ARE MADE AND MAINTAINED

This provision s notapplicableto the Company. SECRETARIAL AUDIT REPORT:

Pursuantto provisions of section 204 of the CompaniesAct, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed M/s Ranjeet Kumar Sharma & Associates, a practicing Company Secretaries in practice to undertake the Secretarial Audit of the Company for the financial year 2024-25. The report of the Secretarial Audit is annexed herewith as Annexure “A”. SECRETARIAL COMPLIANCE REPORT: While the Annual Secretarial Audit shall cover a broad check on compliance with all laws applicable to the entity, listed entities shall additionally, on an annual basis, require a check by the Company Secretary in Practice on compliance of all applicable SEBI Regulations and circulars / guidelines issued thereunder, consequentto which, the Company Secretary in Practice shall submit a reportto the listed entity inthe manner specified in the SEBI CircularNo. CIR/CFD/CMD1/27/2019 dated February 08, 2019. Your Company has appointed Ranjeet Kumar Sharma & Associates, a practicing Company Secretaries in practice to give Secretarial Compliance Report of the Company. The observations and comments given by the Secretarial Auditor are provided in Secretarial compliance Report attached herewith as “Annexure B” and the same is submitted to Stock Exchange within the prescribed due date.

MANAGEMENT DISCUSSION AND ANALYSISREPORT:

Management Discussion and Analysis Reportforthe financial year 2024-25, as stipulated under Regulation 34(2)(e) of the SEBI (Listing obligations and Disclosure Requirements)Regulations, 2015 (hereinafter referred to as ‘the SEBI LODR")is presented in a separate section forming partof Directors report is as Annexure “C”.

MANAGERIAL REMUNERATION:

The information as required under Section 197(12) of the Act read with Rule 5(1) and 5 (2)of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is given in Annexure “D” forming partof this report.

FRAUD REPORTING:

There were no frauds reported by the Auditors under provisions of Section 143(12) of the Companies Act, 2013 and rules made thereunder. DIRECTORSRESPONSIBILITY STATEMENT: Asrequired u/s 134 (5) ofthe CompaniesAct, 2013, the Directors confirmthat;

. In the preparation of the annual accounts for the year ended 31" March 2025, the applicable accounting standards have been followed along with explanation relating to material departures; II. They have selected such accounting policies and applied them consistently except for the non-provision of interest on all secured loans as mentioned in Note No. 29 forming part of the Balance Sheet and made judgments and estimatesthat are reasonable and prudentso asto give atrue and fair view of the state of affairs ofthe Company as on 31“March 2025; Ill. The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the CompaniesAct, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other iregularities; and IV. The Directors have prepared the annual accounts forthe financial year ended 31* March, 2025 on agoing concem basis. V. Theyhave laid down internal financial controlsto be followed by the Company and thatsuch internal financial controls are adequate and were operating effectively. VI. The directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

TRANSFER OF AMOUNTS TOINVESTOR EDUCATION AND PROTECTION FUND: Your Company did not have any funds lying unpaid or unclaimed fora period of seven years. Therefore, there were no funds which were required to be transferred to Investor Education and Protection Fund (IEPF).

CORPORATE GOVERNANCE:

The Company has taken adequate steps to ensure that all mandatory provisions of Corporate Govemance, interms of Regulation 34 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 are complied with. A separate report on Corporate Govemnance is being incorporated as a part of the Annual Report along with a certificate from the Auditors ofthe Company regarding Compliance ofthe conditions of Corporate Governance which is annexed to the Directors Report.

RECONCILIATION OF SHARE CAPITALAUDIT REPORT:

As directed by the Securities and Exchange Board of India (Depositories and participants) Regulations,1996, Reconciliation of Share Capital is being carried out at the specified periodicity by the practicing Company Secretary. The findings of the Reconciliation of Share Capital Auditare regularly taken atthe Board Meeting, besides submitting itto the BSE Limited.

CODE OF CONDUCT:

The Board has adopted, the Code of Ethics and Businessfor the Non-Executive Directors as also for the employees and other members of Senior Management. The said code has been communicated to all the Directors and Members of the Senior Management. Board members and senior management personnel have affirmed compliancewith the Code for the financial year 2024- 25.

CEO/CFO CERTIFICATION:

As there s no CEO in the Company, CFO of the Company, Mr. Kapil Chaturvedi has certified to the Board of Directors, inter alia, the accuracy of financial statements and adequacy of internal controlsfor the financial reporting as required under Regulation 17(8) of the Listing Regulationsfor the year ended 31* March, 2025. INSIDER TRADING: The Company has adopted a Code of Conduct for Prevention of Insider Trading in accordance with the requirements of SEBI (Prohibition of Insider Trading) Regulations, 2015 and CompaniesAct, 2013 with a view to regulate trading in securities by the Directors and designated employees of the Company. The Code requires pre-clearancefor dealing in the Companys shares beyond threshold limits. Further, it prohibitsthe purchase or sale of Company shares by the Directors and the designated employees while in possession of unpublished price sensitive information in relation to the Company and during the period when the Trading Window is closed.

The disclosures obtained under the code are submitted to the BSE Limited, from time to time. The Company regularly follows the system of Share Trading Window mechanism as per the Insider Regulation. LISTING OF SECURITIES

The Equity shares of the Company are listed on the Bombay Stock Exchange Limited.

DEMATERIALISATION OF SHARES:

As part of its efforts to provide better investor services, your Company has admitted its equity in the Depository System of the National Securities Depositories Ltd. (NSDL) and Central Depository Services (India) Ltd. (CDSL) since 07.03.2000 and 23.03.2000 respectively and has offered investorsthe facility to hold the shares in electronic form and enterinto script less trades. Your Company has always paid utmost attention toimprove investors relationship. As on March 31, 2025 approximately 88.27 % of the total shares of the Company has already been dematerialized.

DISCLOSURE UNDER SEXUAL HARASSMENT OF WOMEN AT WORK PLACE (PREVENTION, PROHIBITION AND RED RESSAL)

The Company is committed and dedicated in providing a healthy and harassment free work environment to every individual of the ^{Company, a work environmentthatdoes nottolerate sexual harassment. We highly respectthe dignity of everyone involved at your work} place, whetherthey are employees, suppliers or our customers. We require all employees to strictly maintain mutual respectand positive attitude towards each other. The said policy is available on the Companys website and the web link thereto is https://svcindustriesitd.com /policies/. The company has complied with provisions relating to the constitution of Intemal Complaints Comnittee under the Sexual Harassment of Women at Women at Workplace (Prevention, Prohibition and Redressal)Act, 2013. Number of complaints pending as on the beginning ofthe financialyear - il Number of complaints filed during the financialyear Nil Number of complaints pending at the end ofthe financial year Nil

DISCLOSURE UNDER MATERNITY BENEFIT ACT, 1961

The Company has complied with the applicable provisions of the Matemity Benefit Act, 1961, as amended from time to time. All eligible ‘women employees have been extended maternity benefits in accordance with the provisions of the Act, including paid matemity leave, medical bonus, nursing breaks, and protection fromdismissal during matemity leave.

The Company is committed tofostering a safe, inclusive, and supportive work environmentfor its women employees and ensures that all applicable laws safeguarding their rights and well-being are strictly followed.

DISCLOSURESWITH RESPECT TODEMAT SUSPENSEACCOUNT / UNCLAIMED SUSPENSEACCOUNT:

The Company has 300 shares lying in suspense escrow demat account arising out of expiration of period of 120 days from date of issuance of Letter of Confirmation by the RTAin terms of SEBI Circular No. SEBI/ LAD- NRO/ GN / 2022 / 66 dated 24 January 2022 read with SEBI CircularNo SEBI / HO / MIRSD / MIRSD_RTAMB / P/ CIR/ 2022/ 8 dated 25 January, 2022 in matters w.r.t. issue of duplicate securities certificate; claim from unclaimed suspense account; renewal / exchange of securities certificate; endorsement; subdivision / splitting of securities certificate; consolidation of securities certificates / folios; transmission and transposition received from the shareholder/ claimant.

The Company does nothave any of its securities lying in / unclaimed suspense account/ Suspense Escrow account arising out of public / bonus/ rights issue /. Hence, providing particulars relating to aggregate number of shareholders and outstanding securities in suspense account and other related matters are not required. DETAILES OF PROCEEDINGS UNDER THE INSOLVENCYAND BANKRUPTCY CODE, 2016 During the financial year under review, no application was made or proceeding initiated against the Company under the insolvency and bankruptcy Code, 2016 nor any such proceeding was pending atthe end of the financialyear under review. ACKNOWLEDGEMENT: Your Directors would like to place on record their sincere thanks for the co-operation and support received from various agencies of the Centraland State Governments, all Shareholders and Creditors. Your Directors also take this opportunity to place on record their appreciation of the dedication and sense of commitment shown by the officers and employees of the Company atalllevels.

Forand on behalf of the Board of SVC Industries Limited
Suresh V. Chaturvedi	Ambuj Chaturvedi
Director	Director
(DIN: 00577689)	(DIN: 05003458)
Date: 23rd July, 2025
Place: Mumbai