Tasty Bite Eatables Ltd Directors Report

To

The Members,

Your directors are pleased to present the 42nd Annual Report Tasty Bite Eatables Limited ("the Company”) together with Audited Financial Statement of accounts for the year ended 31 March 2026.

1. KEY FINANCIAL HIGHLIGHTS:

		(INR in Million)
Particulars	FY 2025-26	FY 2024-25
Revenue from operations	5,486.55	5,544.05
Other income	229.67	186.10
Total income	5,716.22	5,730.15
EBITDA	843.43	703.67
Profit after tax	353.02	256.08
Earnings per share (INR / share - basic and diluted)	137.57	99.80
Net fixed assets including intangible assets	1,738.05	1,800.70
Long term borrowings (excluding current portion)	-	195.78
Profit transferred to Balance Sheet	353.02	256.08
Other comprehensive income / (loss) transferred to Balance Sheet	(40.92)	(3.56)

2. FINANCIAL PERFORMANCE & OPERATIONS:

Despite continued challenges across domestic and global markets, including headwinds arising from evolving US tariff policies, geopolitical uncertainties, and macroeconomic disruptions in the Middle East region, the Company delivered a resilient performance during the year under review.

Revenue from operations stood at INR 5,716.22 million for the financial year, as compared to INR 5,730.15 million in the previous financial year, reflecting relative stability in overall business performance despite the external environment.

The Affiliate Business recorded revenue of INR 2,320.17 million as against INR 2,731.52 million in the preceding financial year, primarily impacted by adverse globalmarket conditions.

In contrast, the Tasty Bite Food Solutions Business segment demonstrated strong growth momentum, registering an increase of 13.46% in revenues to INR 3,153.66 million, compared to INR 2,779.55 million in the previous year, driven by sustained demand and expansion of the business portfolio.

3. DIVIDEND:

Considering the performance of your Company during the financial year 2025-26, the Board of Directors felt the need to strike a balance between being prudent and conserving capital in the Company, while at the same time catering to the expectations of shareholders, and also considering the Dividend Distribution Policy, the Board of Directors at its meeting held on 29 May 2026, recommended a final dividend of INR 10 per equity share, subject to the approval of shareholders at the ensuing 42nd Annual General Meeting of the Company. The total dividend payout for FY 2025-26 on equity shares would involve a cash outgo of INR 25.66 million. Dividend will be paid on the basis of particulars of beneficial ownership furnished by Depositories as on the closing hours of business on 6 August, 2026. The Dividend Distribution Policy formulated in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is available on the website of the Company at https:// www.tastybite.co.in/corporate

4. TRANSFER TO RESERVES:

The Board of Directors have decided to retain entire amount of profits for the financial year 2025-26 and does not propose any amount to be transferred to the General Reserves of the Company.

5. RESEARCH AND DEVELOPMENT:

The Tasty Bite Research Centre (TBRC), located within the Companys factory campus, continued to advance its mandate of being a centre of excellence in product, process, and ingredient innovation.

During the year under review, TBRC undertook several key initiatives, including the development of new ready-to-eat meal offerings in line with the growing demand for convenience foods, and the reformulation of existing products to align with evolving consumer dietary preferences and regulatory requirements relating to food safety and labelling. The Centre also strengthened its collaboration with local farmers and suppliers to procure sustainable and ethically sourced ingredients, while exploring new cuisines and flavour profiles to enhance and diversify the Companys product portfolio.

Further, TBRC has strengthened its capabilities to develop and scale new product ranges tailored for the domestic B2C market in India, positioning the Company to capitalise on emerging consumption trends and increasing demand for packaged and ready-to-eat food products.

Going forward, TBRC will continue to focus on innovation and sustainability, ensuring that the Company remains at the forefront of the food industry. Through sustained investment in research and development, the Company is well-positioned to address evolving consumer preferences while maintaining its commitment to quality, safety, and taste.

6. DEPOSITS:

The Company has not accepted or invited any deposits from the public during the year under review. Hence, any compliance w.r.t. repayment of deposit or its interest thereon is not applicable to the Company.

There were no outstanding deposits within the meaning of Sections 73 and 74 of the Act read with the Companies (Acceptance of Deposits) Rules, 2014, as amended, at the end of FY 2025-26 or the previous financial year. Your Company did not accept any deposits during FY 2025-26.

7. CHANGES IN DIRECTORS AND KEY MANAGERIAL PERSONNEL:

During the year under review, the following changes occurred in the composition of the Board of Directors and Key Managerial Personnel of the Company:

Resignation of Directors:

Mr. Sukhdev David Dusangh (DIN: 08944427) resigned from the position of Non-Executive Non-Independent Director, with effect from the close of business hours on 25 November 2025.

Mr. Pradeep Poddar (DIN: 00025199) resigned from the position of Non-Executive Independent Director, with effect from the close of business hours on 31 March 2026.

Appointment of Additional Directors and change in designations:

During the year under review, the Board of Directors appointed the following individuals as Additional Directors of the Company pursuant to Section 161(1) of the Companies Act, 2013 and further regularised in shareholders meeting:

Mr. Hans Bakker (DIN : 11382557) was appointed as an additional director on 14 November 2025 and further regularised as to Non-Executive, Non-Independent Director, effective 25 December 2025, through a resolution passed by postal ballot.

Independent Directors:

Mr. Pradeep Poddar (Chairman)(served on board till 31 March 2026), Mr. Rahul Bhatnagar, and Ms. Rama Kannan all Independent Directors have provided declarations affirming their independence in accordance with the provisions of Section 149(6) of the Companies Act, 2013 and Regulation 16(1)

(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Further, the Independent Directors have confirmed that there has been no change in the circumstances affecting their status as Independent Directors. The declarations and certificates were noted and taken on record by the Board after carrying out the requisite assessments.

The Board took on record the declaration and confirmation submitted by the Independent Directors regarding their meeting the prescribed criteria of independence, after undertaking due assessment of the veracity of the same as required under Regulation 25 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

• Policy on Directors Appointment and Remuneration:

The Policy of the Company on Directors Appointment and Remuneration, including criteria for determining qualifications, positive attributes, independence of the Directors and other matters provided under Section 178 (3) of the Companies Act, 2013, adopted by the Board viz. Nomination and Remuneration Policy, is available on the website of the Company, www. tastybite.co.in. Details of the remuneration paid to the Board of Directors are provided in the Corporate Governance Report. It is affirmed that the remuneration paid to the Directors is as

per the terms laid down in the Nomination and Remuneration Policy of the Company.

• Senior Management Personnel

During the year under review, Mr. Sandeep Shah has resigned from his position as Director of Corporate Affairs with effect from the close of business hours on 30 June 2025. Mr. Abhash Nigam resigned from his position as Tasty Bite Food Service Director with effect from the close of business hours on 31 December 2025.

Additionally, Mr. Shivhari Magar was appointed as Associate Director - Corporate Affairs with effect from 21 July 2025. Further, Mr. Tushar Srivastava was appointed as Senior Director - TFS with effect from 09 March 2026.

• Board evaluation:

Pursuant to provisions of the Act and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board carried out evaluation of its own performance, individual performance of the directors as well as the respective Committees. Evaluation of the Chairman was also carried out. The manner of evaluation is mentioned in the corporate governance report. Also, the Board is of the opinion that the directors and board collectively stand the highest level of integrity and all members of the board have specified skill set and experience required for the Company. Details of which form a part of Corporate Governance Report.

In a separate meeting of independent directors, the performance of non-independent directors, the Board as a whole, and the Chairman of the Company were evaluated, taking into account the views of executive directors and non-executive directors. The Board and the Nomination and Remuneration Committee reviewed the performance of individual directors on the basis of criteria such as the contribution of the individual director to the board and committee meetings based on their preparedness on the issues to be discussed, meaningful and constructive contribution and inputs in meetings, etc.

• Remuneration & Evaluation Policy:

The Board on recommendation of Nomination & Remuneration Committee adopted Remuneration and Evaluation Policy for selection, appointment and remuneration of Directors and Senior Management Personnel including criteria for determining qualifications, positive attributes, independence of a director and other matters as required by the Companies Act, 2013. Necessary diversity in the board was ensured. Detailed policy is available at Companys website www.tastybite.co.in

In terms of the applicable provisions of the Act read with the rules framed thereunder and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), your Board has adopted and amended a Policy for appointment, removal and remuneration of Directors, Key Managerial Personnel ("KMP”) and Senior Management Personnel and also on-Board Diversity, Succession Planning and Evaluation of Directors.

• Meetings:

During the year under review, Four (4) board meetings held during the financial year ended 31 March 2026. These were held on 27 May 2025, 06 August 2025, 10 November 2025, and 13 February 2026. Maximum interval between any two meetings was not more than 120 days. Details of these meetings are stated in Corporate Governance Report forming part of this annual report.

8. EXTRACT OF ANNUAL RETURN:

Pursuant to Section 134(3)(a) of the Act, the draft annual return for FY 2025-26 prepared in accordance with Section 92(3) of the Act is made available on the website of the Company at https://www. tastybite.co.in/annual.

9. DIRECTORS RESPONSIBILITY STATEMENT:

Directors confirm that:

(a) in the preparation of the annual accounts for the year ended 31 March 2026, applicable accounting standards have been followed along with proper explanation relating to material departures, if any;

(b) they have selected and consistently applied such accounting policies, judgments and estimates that are reasonable and prudent to ensure a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of the Company for that year;

(c) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

(d) they have prepared the financial statements / annual accounts on a going concern basis;

(e) they have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and

(f) they have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively. Based on the framework of internal financial controls and compliance systems established and maintained by the Company, the work performed by the internal, statutory and secretarial auditors and external consultants, including the audit of internal financial controls over financial reporting by the statutory auditors and the reviews performed by the management and the relevant board committees, including audit committee, the Board is of the opinion that the Companys internal financial controls commensurate with nature and size of organisation and complexity of business.

10. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SECTION 143(12):

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

11. CORPORATE GOVERNANCE:

Your Company has been complying and maintaining high standards of Corporate Governance principles over the years and places great significance to good Corporate Governance as an important step towards building investors confidence, improve investors protection and maximize long term shareholders value. In addition to the basic governance practices, the Board lays strong emphasis on transparency, accountability and integrity. Accordingly, it has taken adequate steps to ensure the provisions of Corporate Governance as prescribed under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

A certificate from Practising Company Secretary regarding compliance of conditions of Corporate Governance is in "Annexure A” to this Report. A detailed report on Corporate Governance forms a part of this Annual Report.

12. AUDITORS:

• Statutory Auditors:

M/s Kalyaniwalla & Mistry LLP, Chartered Accountants (Firm Registration No. 104607W/ W100166), Pune were appointed by the shareholders as the statutory auditors of the Company in the 41st annual general meeting for a period of 5 years and they hold office up to the 46th annual general meeting of the Company. The Company has received eligibility and willingness for appointment as prescribed under Section 139(6) of the Act from M/s Kalyaniwalla & Mistry LLP, statutory auditors.

The Report given by M/s Kalyaniwalla & Mistry LLP, Statutory Auditor on the financial statements of the Company for the financial year ended March 31, 2026 forms part of the Annual Report. The said report was issued by the Statutory Auditors with modified opinion contains below qualification

The Company did not obtain prior approval of the Audit Committee in respect of related party transactions with a related party, aggregating to INR 48.92 million, as required under Regulation 23 (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations”), which have been subsequently approved by the audit committee during the year.

The Company did not obtain prior approval of the shareholders as required under Regulation 23 (4) of the Listing Regulations, in respect of material related party transactions with the said related party, which exceeded the threshold specified in Schedule XII of the Listing Regulations, by INR 94.47 million. Subsequent thereto, the Company initiated postal ballot for the post facto approval of the shareholders for the related party transactions with the said related party, for which, the shareholders gave their dissent and did not pass it.

Management Response

The Company had obtained prior approval of the Audit Committee for related party transactions up to the approved threshold. During the financial year, the aggregate value of the transactions exceeded the approved limit prior to obtaining the enhanced approval of the Audit Committee due to unexpected demand of recently innovated product range. Thereafter, enhanced approval of the Audit Committee was obtained. Subsequently, upon the transactions crossing the materiality threshold prescribed under the SEBI (LODR) Regulations, 2015, the matter was placed before the Board of Directors and thereafter proposed for shareholders approval. However, the proposal was not approved by the shareholders. Further, the Board of Directors, at its meeting held on May 29, 2026, decided to seek post facto approval of the shareholders for such transactions .Subsequently, the Company received the shareholders post facto approval on July 3, 2026.

• Secretarial Auditor:

Pursuant to section 204 of the Companies Act, 2013, the Board and shareholder in 41st annual general meeting has appointed M/s Pareek V.R & Associates, Practicing Company Secretaries, Pune as Secretarial Auditor for a period of 5 years and they hold office up to the 46th annual general meeting of the company. The Secretarial Audit Report is in "Annexure B” of this report.

The Company has not complied with the provisions of Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, with respect to timely prior intimation to the Stock Exchanges regarding the meeting of the Board of Directors held on 6th August, 2025, inter alia, to consider and approve the financial results of the Company. Pursuant to the aforesaid non-compliance, notices were issued by BSE Limited and National Stock Exchange of India Limited levying penalty of Rs. 10,000/- each on the Company, which has subsequently been paid by the Company.

Management Response

The delay in submission of the prior intimation was due to technical issues in validation of the XBRL filing. However, the Company submitted the intimation to the Stock Exchanges on August 4, 2025, prior to the Board Meeting, though beyond the timeline prescribed under Regulation 29 of the SEBI (LODR) Regulations, 2015.

Further, the Secretarial auditor reported that the Company has not complied with the provisions of Regulation 23(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as certain related party transaction(s) with Mars Food UK Limited exceeded the limits previously approved by the Audit Committee and were entered into prior to obtaining the requisite enhanced approval of the Audit Committee. Further, upon such transaction(s) attaining the threshold of material related party transactions, the Company had not obtained prior approval of the shareholders as required under Regulation 23(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Response

The Company had obtained prior approval of the Audit Committee for related party transactions up to the approved threshold. During the financial year, the aggregate value of the transactions exceeded the approved limit prior to obtaining the enhanced approval of the Audit Committee due to unexpected demand of recently innovated product range. Thereafter, enhanced approval of the Audit Committee was obtained. Subsequently, upon the transactions crossing the materiality threshold prescribed under the SEBI (LODR) Regulations, 2015, the matter was placed before the Board of Directors and thereafter proposed for shareholders approval. However, the proposal was not approved by the shareholders. Further, the Board of Directors, at its meeting held on May 29, 2026, decided to seek post facto approval of the shareholders for such transactions . the Company received the shareholders post facto approval on July 3, 2026.

• Internal Auditors:

Pursuant to section 138 of Companies Act, 2013, the Company appointed M/s KPMG assurance and consulting services LLP, as an internal auditor for the year under review in the Audit Committee Meeting and Board Meeting held on 10 November 2025 for 3 financial years 2025-26 till 2027-28. The scope and fee of internal audit was fixed by the Board on recommendation of Audit Committee.

13. WHISTLE BLOWER & VIGIL MECHANISM POLICY:

In compliance with the provisions of Section 177(9) of the Companies Act, 2013, the Company has established Whistle Blower and Vigil Mechanism Policy for its directors and employees to report their genuine concerns and also to deal with the instances of fraud and mismanagements, if any. The details of the Policy are explained in the Corporate Governance Report and the policy is available on the website of the Company www.tastybite.co.in

The Company has implemented tighter internal financial controls (IFC) for onboarding of vendors to curb the conflicts.

The Company has received one whistle blower complaint which has been duly investigated and resolved.

14. AUDIT COMMITTEE:

In compliance with the provisions of Section 177 of the Companies Act, 2013, and SEBI Regulations, the Company has a duly constituted Audit Committee. The composition and other relevant details of the Audit Committee are given in the Corporate Governance Report annexed herewith. All suggestions of Audit Committee during the year were accepted by the Board.

15. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

The Company has not provided any loans, guarantees and investments covered under the provisions of Section 186 of the Companies Act, 2013 during the year under review.

16. SHARE CAPITAL:

The paid up equity share capital as on 31 March 2026 was INR 25,660,000. There was no public issue, right issue, bonus issue or preferential issue, during the financial year under review. The Company has not issued shares with differential voting rights, sweat equity shares neither has it granted any employee stock options nor issued any convertible securities.

As on 31 March 2026 none of the Directors of the Company held any shares of the Company.

17. SEGMENT WISE OR PRODUCT WISE PERFORMANCE / NATURE OF BUSINESS:

The Company operates in one segment i.e. Prepared Food consisting Ready-to-Eat products and intermediate food products such as Prepared Meals, Formed Frozen Foods and Sauces. There is no change in nature of business of the Company.

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

The Company has been making significant efforts to ensure conservation of energy. The details of energy conservation, technology absorption, research and development and foreign exchange earnings and outgo stipulated under Section 134(3)(m) of the Act read with Rule 8 of the Companies (Accounts) Rules, 2014, are as per "Annexure C"

19. RISK MANAGEMENT POLICY:

A well-defined risk management policy has been adopted by the Company and same is available on the website of the Company. Periodic assessment and prioritization of risks that affect the business of your Company is undertaken by the Board and its Committee. Development and deployment of risk mitigation plan to reduce vulnerability to prioritized risks is in place.

The Board focuses on both the results and efforts required to mitigate the risks, it has defined review and monitoring mechanism wherein the functional teams, the top management and the Board review the progress of the mitigation plans.

Integration of Risk Management with strategic business plan, annual operating plans, performance management system and significant business decisions has been done. The Board constantly scan external environment for new and emerging risks.

Wherever, applicable and feasible the Board define the risk appetite and install adequate internal controls to ensure that the limits are adhered to.

Your Company has in place a Risk Management Committee ("RMC") chaired by an Independent Director, which assists the Board in monitoring and overseeing implementation of the risk management policy, including evaluating the adequacy of risk management systems and such other functions as mandated under the SEBI Listing Regulations and as the Board may deem fit from time to time. The composition, detailed terms of reference of the RMC and attendance at its meetings are provided as part of the Corporate Governance Report.

In compliance with the provisions of Section 134 of the Companies Act, 2013, the Company has identified the elements of the risks, industry specific and in general as well, which in the opinion of the Board may threaten the existence of the Company. The Company has developed and implemented a Business Contingency Plan and an extensive Enterprise Risk Management and Mitigation Plan. The details of the Business Contingency Plan and Risk Mitigation of the Company are given in the Management Discussion and Analysis, annexed to this Annual Report.

20. CORPORATE SOCIAL RESPONSIBILITY (CSR) AND INITIATIVES:

The Company has a Policy and a Committee for Corporate Social Responsibility in compliance with the provisions of Companies Act, 2013. The details about the Policy and the Committee are given in Corporate Governance Report annexed to this report. Annual Report on CSR activities is annexed as

"Annexure D" As per the provisions of Section 135 of the Companies Act, 2013, every Company falling under the applicability of Corporate Social Responsibility is required to spend 2% of its average net profits of previous three years on the activities given under Schedule VII of the Companies Act, 2013, and CSR policy adopted by the Board of Directors. The details of amount of expenditure during the year are as follows:

Particulars	Amount in INR Million
a) Gross amount required to be spent by the Company during the year	9.07
- Through Tasty Bite Foundation	8.70
- Administrative expenses	0.37
b) Unspent amount	Nil

During the year under review "Tasty Bite Foundation" has been actively involved in CSR activities. The Foundation has carried out CSR activities in various fields such as education, agriculture and rural development.

21. STANDALONE FINANCIAL STATEMENTS AND POSITION OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES:

During the year under review, the Company neither had a subsidiary company nor a joint venture company. Hence, comments and details on preparation of financials on standalone basis or report on the performance of subsidiary company or a joint venture company are not required to be offered.

22. MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY:

There were no material changes and commitments affecting the financial position of the Company that have occurred between the end of the financial year on 31 March 2026 to which the financial statements relate and the date of this report.

23. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

The particulars of contracts or arrangements with related parties in Form AOC - 2 under Section 134(3) (h) of the Act and rules framed thereunder are annexed herewith as "Annexure E". The Board hereby informs that all the related party transactions are carried out in the ordinary course of business and on arms length basis. Further, the Company has duly complied with the Indian Accounting Standard 24 related to transactions with related parties of the Company. The Company has adopted/ amended policy on Related Party T ransactions pursuant to the recent amendments under the SEBI Listing Regulations regarding framework for related party transactions and same is posted on website of the Company www.tastybite.co.in.

Pursuant to Regulation 23(9) of the SEBI Listing Regulations, your Company has filed the reports on related party transactions with the Stock Exchanges.

24. SIGNIFICANT/ MATERIAL ORDERS PASSED BY COURTS/ REGULATORS IMPACTING GOING CONCERN STATUS OF THE COMPANY:

There are no significant or material orders or awards passed by the Courts or any other Regulators or Tribunals relating to Companies Act, 2013, or SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which would affect the going concern status and Companys future operations.

25. APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL:

1. The ratio of remuneration of each Director to the median employees remuneration as per Section 197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, as amended for the financial year 2025-26:

Name of Director	Remuneration of Director* (1)	Median remuneration of employees (2)	Ratio (3) = (1) / (2)
Ms. Rama Kannan	2.17	0.9	2.41
Mr. Pradeep Poddar	6.64	0.9	7.38
Mr. Rahul Bhatnagar	2.67	0.9	2.97
Mr. Shashank Shekhar	13.48	0.9	14.98
Mr. Dilen Bharat Gandhi	53.16	0.9	59.07
* Remuneration to Directors includes sitting fees .

2. The percentage increase in remuneration of each Director, Chief Financial Officer, Company Secretary or Manager, if any, in the financial year;

Name of Director	Designation	Remuneration in FY 2024-25	Remuneration in FY 2025-26	Increase (in %)
Mr. Pradeep Poddar	Non-Executive Independent Director and Chairman of the Board	6.14	6.64	8.2%
Mr. Dilen Gandhi	Executive Director	45.07	53.16	17.8%
Mr. Shashank Shekhar	Executive Director	2.56	13.48	NA as not paid for entire year
Mr. Rahul Bhatnagar	Non-Executive - Independent Director	0.51	2.67	NA as not paid for entire year
Mr. Naresh Kumar Chitlangia	CFO	13.45	22.63	NA as not paid for entire year
Mr. Vimal Tank	Company Secretary	3.33	3.69	10.8%
Ms. Rama Kannan	Non-Executive - Independent Director	1.54	2.17	40.9%

3. Number of permanent employees are 281 on the role of company as on 31 March 2026.

4. The remuneration paid to the employees is in affirmation with Remuneration & Evaluation Policy of the Company.

5. Average percentile increase in salaries of employees other than the managerial personnel in the financial year 2026 was 11 %. Percentage increase in the managerial remuneration in 2026 was 9%.

6. The Company has a variable pay compensation structure for Managing Director/CFO/CS and SMP basis achievement of targets. The Company further confirms that remuneration paid to employees is in line with its Remuneration Policy.

7. Statement containing the particulars of top ten employees and the employees drawing remuneration in excess of limits prescribed under Section 197(12) of the Act read with Rule 5(2) and (3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is an annexure forming part of this Report. In terms of the proviso to Section 136(1) of the Act, the Report and Accounts are being sent to the Members excluding the aforesaid annexure. The said statement is also available for inspection with the Company. Any Member interested in obtaining a copy of the same may write to the Company Secretary at secretarialQtastybite.com

26. INVESTMENTS IN ITS OWN SHARES BY COMPANY, ITS SUBSIDIARIES, ASSOCIATES ETC:

The Company during the year under review has not made investments in its own shares, its subsidiaries or associate companies.

27. PECUNIARY RELATIONSHIP OR TRANSACTIONS OF THE NON-EXECUTIVE DIRECTORS:

During the year under review, there was no pecuniary relationship or pecuniary transactions between the Company and its non - executive directors. Independent directors received sitting fees as mentioned in this report. Chairman received remuneration as mentioned above.

28. INTERNAL COMPLAINTS COMMITTEE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013:

According to the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, your Company has in place a Policy on Prevention, Prohibition & Redressal of Sexual Harassment of Women at Workplace and has a robust mechanism to redress the complaints reported thereunder. An Internal Committee has been constituted, which comprises of internal members who have experience in the subject field. The Committees mandate is to bring awareness about ensuring safe workplace for women; receive and take appropriate decision on complaints, if any.

Details of complaints received and redressed during financial year 2025 - 26 are as follows:

A. Number of complaints of sexual harassment received in the year;	Nil
B. Number of complaints disposed off during the year;	Nil
C. Number of cases pending for more than ninety days	Nil

Your Company is committed to provide and promote safe and healthy environment to all its employees without any discrimination. Your Company on a regular basis sensitizes its employees on prevention of sexual harassment through various workshops, awareness programmes.

It may be mentioned here that the Company has Zero tolerance towards any action on the part of any executive / staff which may fall under the ambit of Sexual Harassment at workplace, and is fully committed to uphold and maintain the dignity of every woman working in the Company.

N il complaints were received by the ICC during the year.

29. CYBER SECURITY:

Organisations embraced certain practices, including social distancing, remote working and all these, in turn, leading to significant dependence on and increased usage of digital technologies. We have implemented advanced security controls, technologies, processes and practices designed to protect networks, computers and data from attack, damage or unauthorized access and threat analytics by leveraging industry leading technologies to help and mitigate internal and external threats to the Company. Our Cyber Security Policy ensures that our people are aware of the best practices to be followed in order to ensure that Companys data and infrastructure do not become vulnerable to external threats. We ensure our IT Team is up to speed by providing them with avenues for continuous learning and making internal training forums available as well as courses through external academic institutions, to keep them enriched and in turn, help protect the Company from cyber-threats on a day-to-day basis.

30. HUMAN RESOURCES

The Company aims to align HR practices with business goals, increase productivity of Human resources by enhancing knowledge, skills and to provide a conducive work environment to develop a sense of ownership amongst employees. Productive high performing employees are vital to the Companys success. The contribution and commitment of the employees towards the performance of the Company during the year were valued and appreciated. The Company recruited employees during the year for various positions and promoted employees to take up higher responsibilities. Apart from fixed salaries, perquisites and benefits, the Company also has in place performance- linked incentives which reward outstanding performers, who meet certain performance targets. In pursuance of the Companys commitment to develop and retain the best available talent, the Company had organised and sponsored various training programmes / seminars / conferences for upgrading skill and knowledge of its employees in different operational areas.

Employee relations remained cordial, and the work atmosphere remained congenial during the year.

31. DISCLOSURE REQUIREMENTS:

As per SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the Corporate Governance Report with the Auditors Certificate thereon, and the Management Discussion and Analysis are attached, which forms part of this report.

• The Company has devised proper systems 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.

• No shares with differential voting rights and sweat equity shares have been issued.

• There has been no change in the nature of business of the Company.

• Your Company maintained healthy, cordial and harmonious industrial relations at all levels. Despite severe competition, the enthusiasm and the unstinting efforts of the employees have enabled the Company to remain at the forefront of the industry.

Other Disclosures

• The Company has not made any application under the Insolvency and Bankruptcy Code, 2016 nor any application is pending against the Company under the said Code.

• The Company has not done any one-time settlement with any Bank or Financial Institution during the year and hence declaration under the said clause is not applicable.

• The Company is not required to maintain Cost Records as specified under section 148(1) of the Act by the Central Government.

32. INTERNAL FINANCIAL CONTROL:

Your Company has established adequate internal financial controls for ensuring orderly and efficient conduct of its business, including adherence to Companys policies, safeguarding of its assets, prevention and detection of frauds and errors, accuracy and completeness of the accounting records and the timely preparation of reliable financial information.

33. APPRECIATIONS AND ACKNOWLEDGEMENT:

The Directors acknowledge with gratitude the valuable advice, guidance and support received from all the Bankers of the Company. The Directors also place on record their sincere thanks to the Companys clientele, investors and members for their patronage. The Directors express their appreciation for the dedicated services of the employees and their contribution to the growth of the Company.

The Directors also thank the Securities and Exchange Board of India (SEBI); Stock Exchanges; Depositories; Ministry of Corporate Affairs (MCA); Government(s) local/statutory authorities; Registrar and Share Transfer agent and the Auditors of the Company for their guidance and continued support.

The Directors place on record their deep appreciation of the valuable contribution of the members of the staff at all levels for the progress of the Company during the year and look forward to their continued cooperation in realization of the corporate goals in the years ahead.

Your Company continued to receive co-operation and support from the distributors, retailers, stockist, suppliers and others associated with your Company as its trading and value chain partners. Your directors wish to place on record their appreciation for the same and your Company will continue in its endeavour to build and nurture strong links with trade, based on mutuality, fairness, respect and co-operation with each other and consistent with consumer interest.

	By Order of the Board of Directors
	For Tasty Bite Eatables Limited
	Rahul Bhatnagar
Date: 17 July 2026	Chairman
Place: Pune	DIN: 07268064