Tilak Ventures Ltd Directors Report

To,

The Members of

Tilak Ventures Limited,

Your directors have pleasure in presenting their 45th Annual Report on the business and operations of your Company together with Audited Financial Statements for the year ended 31st March, 2026.

FINANCIAL RESULTS

The summary of the Companys financial performance for the Financial Year 2025-26 as compared to the previous Financial Year 2024-2025 is given below:

(Amount in Lakhs)

Particulars	F.Y. 2025-2026	F.Y. 2024-2025
	Standalone
Income from operations	3043.15	2,117.85
Other Income	487.54	488.62
Total Income	3,530.69	2,606.47
Total Expense	2,161.78	1,754.54
Profit/(Loss) before Tax and Exceptional items Exceptional Items	1,368.91	851.93
Profit/Loss from ordinary activities before Tax	1,368.91	851.93
Current Tax	397.49	229.41
Tax adjustments of earlier years	10.93	2.85
Deferred Tax	(1.75)	(7.46)
Net profit/ (Loss)	962.24	627.13
Other Comprehensive Income for theyear	(572.86)	560.08
Total Comprehensive Income/Loss	389.37	1,187.21

REVIEW OF OPERATIONS

During the year under review company has two reporting segments i.e. Commodity Trading and Finance segment, from which company has generated its revenue. It can be clearly seen from the figures above that the total revenue of the company Rs. 3,530.69/- Lakhs including other income as against Rs. 2,606.47/- Lakhs in the previous year. The net profit/(loss) of the Company is Rs. 389.37/- Lakhs as against net profit/ (loss) of Rs. 1,187.21/- Lakhs in the previous year. The management is striving hard to work with great efforts and maintain high level of optimism to increase the revenue and to achieve profit margin in coming years.

DIVIDEND

During the year, your directors do not propose any dividend for the Financial Year ended 31st March, 2026.

AMOUNTS TO BE TRANSFERRED TO RESERVES

During the year the company has not proposed to transfer any amount to the General Reserve.

SUBSIDIARIES/JOINT VENTURE/ASSOCIATES

During the year under review the Company did not have any Subsidiaries/ Joint Venture/Associates.

The Company have subsidiary company namely Yosto Venture (India) Private Limited which is sold during the year under review.

ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNAL AGAINST COMPANY AND PROMOTERS OF THE COMPANY:

1.During the Financial year 2022-2023, SEBI vide Adjudication Order bearing reference number Order/MC/HP/2021-2022/12813-12829 has issued an adjudication order against the Company and the existing directors of the Company namely being Girraj Kishor Agrawal, being Managing Director of Tilak Ventures Limited, and Tanu Agrawal, being Non-Executive – Non-Independent Director has levied a penalty of ?70,00,000.00/- (Rupees Seventy Lakhs Only) for violation of Regulations 3(a), (b), (c), (d) and 4 (1) of Insider Trading Regulations.

The Company has paid-off the levied penalty under protest and the Company has filed an appeal in the Honble Supreme Court of India, against the said SAT order and which has been admitted by the Honble Supreme Court.

2. During the Financial year 2023-2024, penalty of ?28,00,000.00/- (Rupees Twenty Eight Lakhs Only) has been imposed under Section 15HA, 15b of the SEBI Act and 23A(b) of the SCRA Act on Company i.e Tilak Ventures Limited and Its Directors, Girraj Kishor Agrawal and Tanu Agrawal of Rs.14,00,000, Rs.7,00,000 and Rs.7,00,000/-respectively and were restrained from accessing the securities market and further prohibited from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever, for a period of six months from the date of order. via SEBIs order bearing reference number ‘SEBI/HO/IVD/ID13/OW/P/2022/301321/1 dated July, 27 2023, for the violation of the provisions of Regulations 3(a),(b),(c),(d), and 4 of the SEBI (PFUTP) Regulations. Section 12A(a), (b), (c) of SEBI Act, 1992 Regulations 73 of SEBI (ICDR) Regulations, 2009 r/w 301(1) of SEBI (ICDR) Regulations, 2018, clause 43 of the erstwhile listing agreement read with Section 21 of SCRA and Regulation 32 and Regulation 103 of SEBI (LODR) Regulations, 2015.

The Company has paid-off the levied penalty under protest, and filed an appeal in the Securities Appellant Tribunal (SAT), against the said SEBI order and which has been admitted by the SAT (Appeal No. 687 of 2023) and by its Order dated 28.08.2023 has granted an interim stay on the SEBI order.

DEPOSITS

During the year under review the Company did not invite or accept any Deposits within the meaning of Section 73 of the Companies Act, 2013.

DETAILS OF APPLICATION MADE OR PROCEEDING PENDING UNDER INSOLVENCY AND BANKRUPTCY CODE 2016

During the year under review, there was no application made or proceedings pending in the name of the Company under the Insolvency Bankruptcy Code, 2016.

DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE TIME SETTLEMENT AND VALUATION WHILE AVAILING LOAN FROM BANKS AND FINANCIAL INSTITUTIONS

During the year under review, there has been no one time settlement of Loans taken from Banks and Financial Institutions

LISTING OF SHARES

Shares of the Company are listed on the BSE Limited (BSE) Mumbai, which provide the wider access to the investors national wide.

LISTING FEES

The Company has paid the listing fees as mandated under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to Stock Exchange for the F.Y. 2025-26.

RIGHT ISSUE OF SHARES

The Company has not issued shares with differential voting rights in the F.Y. 2025-26. It has neither issued employee stock options nor sweat equity shares as on March 31, 2026.

During the year under review, the Company has issued 89,13,93,612 Equity Shares issued at par (?1.00/- per share) for an aggregate amount of ?89,13,93,612/-.

Subsequent to the said allotment, the issued, subscribed, and paid-up equity share capital of the Company stands increased from Rs.44,56,96,806 (Rupees Forty-Four Crores Fifty-Six Lakhs Ninety-Six Thousand Eight hundred and Six Only) divided into 44,56,96,806 (Forty-Four Crores Fifty-Six Lakhs Ninety-Six Thousand Eight hundred and Six) Equity Shares of face value of Rs. 1.00/- (Rupees One Only). Equity Shares to Rs. 1,33,70,90,418 /- (One Hundred Thirty-Three Crore Seventy Lakhs Ninety Thousand Four Hundred Eighteen only) divided into 1,33,70,90,418 (One Hundred Thirty-Three Crore Seventy Lakhs Ninety Thousand Four Hundred Eighteen only) fully paid-up equity shares of Face value of Rs. 1/- per shares.

The company has utilized the fund of Rs. 88.54 crores Towards working capital requirements furtherance including investment in shares and securities, commodities (including Bullion), mutual funds, Derivatives and Government Securities and Rs. 0.60 crore was the rights issue related expenses. The company has already filed the necessary disclosure with stock exchange.

Details of Utilization of Funds

Sl. No	Item Head	Amount raised in Q4 FY 25-26 (Rs. crore)	Amount as proposed in the Offer Document in Rs. Crore	Amount utilized during Q4 FY 25-26	Unutilized amount in Rs. Crore (as on 31 March 2026)
1	Towards working capital requirements furtherance including investment in shares and securities, commodities (including Bullion), mutual funds, Derivatives and Government Securities.	88.54	88.54	88.54	NIL
i)	Investments includes Shares and Government Bonds	60.62	60.62	60.62	NIL
ii)	Closing Stock includes Bullion	27.92	27.92	27.92	NIL
2	Expenditure towards Rights Issue	0.60	0.60	0.60	NIL
	TOTAL	89.14	89.14	89.14	-

CAPITAL STRUCTURE

Authorised Share Capital

The Authorised Share Capital of the Company is Rs. 1,73,25,00,000 divided into 1,73,25,00,000 Equity Shares of Rs. 1/- (Rupees one only) each.

Paid up Share Capital

Consequent to the allotment made on January 12, 2026, pursuant to Right Issue, the issued, subscribed, and paid-up equity share capital of the Company stands increased as follows:

The Paid-up Share Capital of the Company as on March 31, 2026 is Rs. 1,33,70,90,418 /- (One Hundred Thirty-Three Crore Seventy Lakhs Ninety Thousand Four Hundred Eighteen only) divided into 1,33,70,90,418 (One Hundred Thirty-Three Crore Seventy Lakhs Ninety Thousand Four Hundred Eighteen only) fully paid-up equity shares of Face value of Rs. 1/- per shares.

DEMATERIALISATION AND ELECTRONIC REGISTRAR

The equity shares of your Company are dematerialized with both NSDL and CDSL under ISIN INE026L01022. As on 31st March 2026, 99.99% equity shares are in Demat form.

Our registrar for electronic connectivity with the National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) is MUFG Intime India Private Limited, Mumbai (SEBI Reg. No: INR000002102).

POSTAL BALLOT

During the year No postal ballot was done by the Company.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

Details of Loans, Guarantees and Investments covered under Section 186 of the Companies Act, 2013 will be produced for verification to the members on their specific request.

MEETINGS OF THE BOARD

The Board of Directors of the Company met 12 (Twelve) Times during the year under review. The gap between two Meetings did not exceed 120 days (one hundred and twenty). Detailed information on the meetings of the Board, its Committees and the AGM is included in the Report on Corporate Governance, which forms part of this Annual Report.

BOARD COMMITTEES

As per the requirement of Companies Act, 2013 and relevant Regulation of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, Your Company has the following mandatory committees:

- Audit Committee

- Nomination and Remuneration Committee (NRC)

- Stakeholders Relationship Committee (SRC)

- Corporate Social Responsibility Committee (CSR)

The details of committees along with their composition, number of meetings and attendance at the meetings are provided in the Corporate Governance Report.

EVALUATION OF BOARD OF DIRECTORS ITS COMMITTEES AND OF INDIVIDUALS

Pursuant to the provisions of the Companies Act, 2013 and SEBI (Listing Obligations & Disclosure Requirements) Regulation, 2015, a structured questionnaire was prepared after taking into consideration of the various aspects of the Board & its committees, execution and performance of specific roles, duties, obligations and governance.

The performance evaluation of Committees, Executive Directors, Non-Executive Directors and Independent Directors was completed. The Performance evaluation of the Chairman, Non-Executive Directors & Board asa whole was carried out by the Independent Directors. The Board of Directors expressed their satisfaction with the evaluation process.

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:

- In the preparation of the annual accounts, the applicable accounting standards have been followed and there are no material departures;

- They have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit and loss of the Company for that period;

- They have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities;

- They have prepared annual accounts on a going concern basis;

- They have laid down internal financial controls to be followed by the Company and such internal financialControls are adequate and operating effectively;

- They have devised proper systems to ensure compliance with the provisions of all applicable laws andthat such systems were adequate and operating effectively.

COMPANYS POLICY ON APPOINTMENT AND REMUNERATION OF DIRECTORS

The Company has been following well laid down policy on appointment and remuneration of Directors and Key Managerial Personnel (KMP).

The appointment of Directors is made by the Board pursuant to the recommendation of Nomination and Remuneration Committee (NRC) The policy for appointment of directors is placed on the website of the Company.

The remuneration of Non-Executive Directors comprises of sitting fees and commission in accordance with the provisions of Companies Act, 2013.

The remuneration of Executive Directors comprises of Basic Salary, Perquisites & Allowances and Commission if any. The remuneration is within the limits prescribed under the Companies Act, 2013 and is recommended by NRC. Approval of Board, Shareholders and the Central Government, if required, for payment of remuneration to Executive Directors is sought, from time to time.

Nomination & Remuneration Policy is available on the website of the Company.

RISK MANAGEMENT

The Company has adopted as Risk Management Policy in accordance with the provisions of Companies Act, 2013 which laid down the framework to identify, evaluate business risk and opportunities. The Board has reviewed the Risk assessment and Minimization procedure as per Regulation 17 (9) of the SEBI (LODR) Requirements, 2015; there are no material risk in which the opinion of the management affects the continuityand existence of the business. The details of the risks faced by the Company and the mitigation thereof are discussed in detail in the Management Discussion and Analysis report that forms part of the Annual Report.

INTERNAL FINANCIAL CONTROLS AND THEIR ADEQUACY

The Company has in place internal financial controls which commensurate with the size of the Company. However, Company is trying to strengthen the same. The Board has adopted policies and 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 fraud, error reporting mechanism, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial disclosures.

CORPORATE SOCIAL RESPONSIBILITY

The Company constituted CSR Committee as required under Section 135 of the Companies Act, 2013.

The Committee consists of three Directors of which one Director is Non –Independent and two Directors are Independent Non-Executive Directors as follows;

Shri Pratham Jethaliya- Chairman

Shri Vikash Kulhriya - Member

Mrs. Tanu Agrawal- Member

The Committee roles / powers are

1. To formulate and recommend to the Board, a CSR policy which shall indicate the activities to be undertaken by the Company as per the Companies Act, 2013;

2. To review and recommend the amount of expenditure to be incurred on the activities to be undertaken by the Company.

3. To monitor the Corporate Social Responsibility policy of the Company from time to time.

- The CSR committee has adopted the policy for the activities to be undertaken under the Corporate Social Responsibility as per Schedule VIII of the Companies Act, 2013.

- The Policy as adopted is available on the website of the Company www.tilakfinance.wordpress.com

- The details of CSR Spending are annexed in Annexure IV

DISCLOSURE REQUIREMENTS

The Company has a whistle blower policy/vigil mechanism to report genuine concerns or grievances and to provide transparent working environment. The Policy provides adequate safeguards against victimization of Directors / employees who raise the concern and have access to the chairman of Audit Committee who is entrusted to oversee the Whistle blower mechanism. Further no personnel have been denied access to the Audit Committee during the financial year under review.

The Whistle Blower Policy/vigil mechanism has been posted on the website of the Companyhttps://tilakfinance.wordpress.com/

The Board has laid down a code of conduct for Board members & Senior Management Personnel as per Regulation 17 & 26 (3) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 & has been posted on the website of the Company www.tilakfinance.wordpress.com

All the Board members & Senior Management Personnel have affirmed compliance with the said code of conduct for the year ended on 31st March, 2026.

A DECLARATION TO THIS EFFECT SIGNED BY THE CEO, FORMS PART OF THIS ANNUAL REPORT

The Board has adopted the Insider Trading Policy in accordance with the requirements of the SEBI (Prohibition of Insider Trading) Regulations, 2015.The Insider trading Policy of the Company covering code of practices and procedures for fair disclosure of Unpublished Price Sensitive Information and Code of Conduct for the prevention of Insider Trading has been posted on the website of the Company www.tilakfinance.wordpress.com .

All the Board members & KMPs have affirmed compliance with the said code of conduct for the year ended on 31st March, 2026

MATERIAL CHANGES AND COMMITMENTS

During the financial year under review, the Company held 1,11,000 equity shares of Rs. 10 each in M/s Yosto Venture India Private Limited ("Yosto"), representing a controlling stake of 51.03%, making it a subsidiary of the Company.

Subsequent to the financial year, the Company entered into a share purchase agreement dated June 04, 2025, for the sale of 100% of its equity investment in Yosto. Consequent to the completion of the proposed transaction, Yosto has ceased to be a subsidiary of the Company with effect from the said date.

There are no details in respect of frauds reported by auditors under section 143 of the Companies Act, 2013.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

The particulars of contracts or arrangements with related parties referred to in Section 188(1), as prescribed in Form AOC - 2 are appended as "Annexure -I".

PARTICULARS OF EMPLOYEES AND RELATED INFORMATION

In terms of the provisions of Section 197(12) of the Act read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, a statement containing the disclosures pertaining to remuneration and other details as required under the Act and the above Rules are provided as under.

The percentage increase in remuneration of each Director, Chief Financial Officer and Company Secretary during the financial year 2025-26, ratio of the remuneration of each Director to the median remuneration of the employees of the Company for the financial year 2025-26 and the comparison of remuneration of each Key Managerial Personnel (KMP) against the performance of the Company are as under:

(Rs in Lacs)

Sr. No	Name of Director/KMP	Remuneration Received	% increase in Remuneration in the Financial year 2025-26	Ratio of remuneration of each Director to median remuneration of employees
1	Mr. Girraj Kishor Agrawal (Managing Director)	240.00	NIL	160.21
2	Mrs. Tanu Agrawal (Non-Executive - Non-Independent Director)	NIL	NIL	NIL
3	Mrs. Tarannum Bano (Chief Financial Officer)	0.90	NIL	0.60
4	Mrs. Pratiksha Vaibhav Modi (Company Secretary)	6.27	NIL	4.19
5	Mr. Vikash Kulhriya (Non-Executive Independent Director)	NIL	NIL	NIL
6	Mr. Pratham Jethliya (Non-Executive Independent Director)	NIL	NIL	NIL
7	Mr. Ashish Kachhara (Non-Executive Independent Director)	NIL	NIL	NIL
8	Mr. Mayank Borana (Non-Executive Independent Director)	NIL	NIL	NIL

- All appointments are / were non-contractual.

- There were 6 employees on the role of Company as on March 31, 2026.

- The median remuneration of employees of the Company during the financial year was Rs. 8.98 lakhs

- Remuneration as shown above comprises of Salary, Leave Salary, Bonus, Leave Travel Assistance, Medical Benefit, House Rent Allowance, Perquisites and Remuneration on Cash basis.

CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION

In view of the nature of activities which are being carried on by the Company, the particulars as prescribed under Section 134(3)(m) of the Act read with Companies (Accounts) Rules, 2014 regarding Conservation of Energy and Technology Absorption, and research and development are not applicable to the Company.

CHANGE IN DIRECTORS AND KMP:

During the Financial year ended 2025-26 under review, there is change in KMP of the Company.

During the year under review, Board of Director on recommendation of Nomination and Remuneration Committee appointed Mr. Mayank Borana has appointed Non executive Independent Director w.e.f. 29.08.2025

During the year under review Mr. Davendra Kumar resigned as Company Secretary w.e.f. 7th May 2025 and Mrs. Pratiksha Vaibhav Modi appointed as Company Secretary w.e.f. 1st August, 2025

FOREIGN EXCHANGE

There are no foreign exchange earnings and out go during the financial year under review.

AUDITORS

a) STATUTORY AUDITORS

M/s. Pravin Chandak & Associates. LLP, appointed as the Auditors of the Company, and to hold the office for a period of 5 consecutive till the conclusion of the Annual General Meeting to be held in FY 2030-31.

AUDITORS REPORT:

M/s. Pravin Chandak & Associates. LLP, Chartered Accountants FRN 116627W, Statutory Auditors of the Company conducted the statutory audit as per the provisions and requirements of Statutory Audit under Companies Act 2013, Accounting Standards and other applicable laws and acts, and submitted their audit report on Standalone Financial Statements as on 31.03.2026.

Observations made in the Auditors Report as key audit matters and there are further comments given under Section 134 of the Companies Act, 2013 as mentioned below:

Key Audit Matter	Management Reply
As disclosed in Note No. 8 of the Standalone financial statements, the Company holds investments in unlisted equity shares amounting to ?1,843.66 lakhs, which includes.	The management of the company has done the calculation using Net Book Value (NBV) method and the management of the Company has not obtain any valuation report for the same.
• 12,28,797 equity shares of Hunnar Jewels Limited carried at ?1,013.27 lakhs (?82.46 per share) at the beginning of the year.
• During the year, the Company acquired 1,48,888 additional equity shares of Hunnar Jewels Limited pursuant to the conversion of convertible debentures at a conversion price of 315 per share, resulting in an increase of ?468.99 lakhs in the carrying amount of the investment. Consequently, the Company held 13,77,685 equity shares with an aggregate carrying amount of ?1,482.26 lakhs as at March 31, 2026.
• ?361.40 lakhs valued using Net Book Value (NBV) as certified by the Companys management.

b) SECRETARIAL AUDITORS

Pursuant to the requirements of Section 204(1) of the Act, and Rule 9 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed M/s. Jay Bhatt & Associates, Practicing Company Secretaries, to conduct the Secretarial Audit for the financial year 2025-26. The Secretarial Audit Report received from M/s. Jay Bhatt & Associates is appended to this Report as Annexure II.

c) INTERNAL AUDITOR

In accordance with the provisions of Section 138 of the Companies Act, 2013, the Company has appointed an Internal Auditor who reports to the Audit Committee. Quarterly internal audit reports are submitted to the Audit Committee which reviews the audit reports and suggests necessary action.

The Board has already appointed Mr. Ronak Ashok Surani, Mumbai as Internal Auditor of the Company for the Financial Year 2024-2025 and 2025-2026.

CERTIFICATE ON NON-DISQUALIFICATION OF DIRECTORS

Company have taken Certificate from Practicing Company Secretary that none of the Directors on the Board of the Company are disqualified as on 31.03.2026 in accordance with Regulation 34(3) read with Schedule V Para C sub clause 10 (i) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 annexed as Annexure – III

INDEPENDENT DIRECTORS

a) Disclosure of Independence:

The Independent Directors have confirmed and declared that they are not disqualified to act as an Independent Director in compliance with the provisions of Section 149 of the Companies Act, 2013 and the Board is also the opinion that the Independent Directors fulfils all the conditions specified in the Companies Act, 2013 making them eligible to act as Independent Directors.

b) Familiarization Programmes:

As per Regulation 25(7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the details of the familiarization programmes for Independent Directors have been detailed out in the Corporate Governance Report forming part of the Annual Report and are also disclosed on the website of the Company

c) Meeting:

The details of the meeting of Independent Directors are given in Corporate Governance Report forming part of the Annual Report.

REPORTS ON CORPORATE GOVERNANCE AND MANAGEMENT DISCUSSION & ANALYSIS

The Company is committed to maintain the highest standards of Corporate Governance and adhere to the Corporate Governance requirements set out by SEBI. In compliance with Regulation 34 and Schedule V of SEBI Listing Regulation 215, report on Corporate Governance is annexed as Annexure- V, along with a certificate from the Secretarial Auditors of the Company on compliance with the provisions and forms part of the Annual Report as Annexure – VI

COMPLIANCE WITH SECRETARIAL STANDARDS

Company is in compliance with applicable Secretarial Standards.

POLICY ON PREVENTION, PROHIBITION AND REDRESSAL OF SEXUAL HARASSMENT AT WORKPLACE

The Company is committed to provide a healthy environment to all employees and thus does not tolerate any sexual harassment at workplace.

The Company has in place a Prevention of Sexual Harassment Policy in line with the requirements of The Sexual Harassment of Women at the workplace (Prevention, Prohibition &Redressal) Act, 2013, An Internal Complaints Committee has also been set up to redress complaints received on sexual harassment. All employees (Permanent, contractual, temporary, trainees) are covered under this policy. Your directors state that during the year under review, there were no cases filed pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

During the year under review, the company has not received any complaint of sexual harassment.

APPRECIATION & ACKNOWLEDGEMENTS

Your directors take this opportunity to place on record their sincere gratitude for assistance and cooperation received from banks, financial institutions, shareholders, business associates and esteemed customers for their continued support and assistance during the year.

Your directors also place on record their appreciation for the excellent contribution made by all employees of Tilak Ventures Limited through their commitment, competence, co-operation and diligence to duty in achieving consistent growth of the Company.

On behalf of the Board of Directors

Sd/-

Girraj Kishor Agrawal

Managing Director

DIN: 00290959

Sd/-

Tanu Agrawal

Director

DIN: 00290966

Date: 01st September, 2026

Place: Mumbai