Vikas Lifecare Ltd Directors Report

The Board of Directors hereby submits the report of the business and operations of your Company, along with the audited financial statements, for the financial year ended March 31, 2025.

FINANCIAL RESULTS AND OPERATIONS

The financial performance for the year ended March 31, 2025 is summarized below:

(Amount in Lacs)

Particulars	STANDALONE		CONSOLIDATED
	FY 2024-25	FY 2023-24	FY 2024-25	FY 2023-24
Net Sales / Income from Business Operations	46357.62	41672.23	48002.24	44574.53
Other Income	2632.65	2616.65	2596.27	2615.70
Total Income	48990.27	44288.88	50598.52	47190.23
Cost of material consumed	559.34	971.73	1709.66	1535.45
Purchase of Stock in trade	44641.66	38516.37	44861.43	39705.95
Employee Benefit Expense	223.46	190.96	441.67	583.17
Changes in Inventories	(89.09)	574.77	(72.00)	685.08
Financial Costs	390.70	237.57	457.11	286.57
Other Expenses	2966.96	1155.64	3222.16	1632.55
Profit before Depreciation	297.23	2641.85	(21.53)	2761.46
Less: Depreciation	(652.47)	(317.02)	(673.55)	(364.60)
Less: Exceptional items	0.00	0.00	(591.87)	588.95
Before Tax Net Profit	(355.24)	2324.83	(1286.95)	1708.31
Less: Current Tax	378.11	236.85	378.11	249.47
Less: Previous year adjustment of Income Tax	-	-	19.16	0.00
Less Deferred Tax	(507.69)	155.56	(592.66)	113.44
Profit for the Period	(225.66)	1932.42	(1091.56)	1345.40

During the year under review, the Companys consolidated revenue from operations increased from Rs. 47190.23 Lacs to Rs. 50598.52 Lacs and the Loss of the Company for the period under review were Rs. 1091.56 Lacs as compared Profitof the company Rs. 1345.40 Lacs in the previous year.

Further, on standalone basis, the Company has achieved the turnover of Rs. 48990.27 Lacs as compared to Rs. 44288.88 Lacs in the previous year and the loss of the Company during the year were Rs. 225.66 as compared to profit of Rs. 1932.42 in the previous year.

BUSINESS OVERVIEW & OUTLOOK

Vikas Lifecare Ltd. is an ISO 9001:2015 certified company, historically engaged in the business of trading and manufacturing of Polymer and Rubber compounds and Specialty Additives for Plastics, Synthetic & Natural Rubbers. The company has been conventionally engaged in various business segments including Polymer & Rubber Commodity (bulk consumption) Compounds and Master-Batches. Manufacturing Up-Cycled Compounds from industrial and post-consumer waste and scrap materials like

EVA, PVC, PP, PE etc., directly contributing to the Environment Protection initiatives from the Government of India and fulfilling the mandated EPR obligations for the conglomerates using hundreds of thousands of tonnes of plastic products and packaging materials.

The company has been primarily engaged in various business segments i.e. Polymer & Rubber Commodity (bulk consumption)

Compounds and Master- Batches (Manufacturing upcycled compounds from industrial and post-consumer waste materials like EVA. PVC, PP. PE etc.). Contributing to the Environment Protection initiatives by The Government of India and fulfilling the mandated EPR obligations for the conglomerates using hundreds of thousands of tonnes of plastic products and packaging materials.

VLL has built capabilities to produce specifically engineered (ready-to-use / designed / modified) materials for plastic processors, for a wide spectrum of plastic products and application.

As a long-term business strategy, the company has most recently diversified its business interests beyond raw materials (B2B businesses) and forayed into the B2C segment with a host of consumer products for FMCG, Agro, and Infrastructure Segments; paving way for an aggressive business growth with adding intricately planned and selected product portfolios via acquisitions, joint ventures and tie-ups. Your Company intends establishing / acquiring businesses in these segments thereby expanding its footprint in the country and beyond.

Vikas Lifecare Limiteds subsidiary Genesis Gas Solutions Pvt. Ltd. is engaged in the business of Smart Gas Meters being supplied to all the major Gas Distribution Companies for domestic and commercial consumers. Genesis pioneers in Smart Gas and Water

Metering and commands about 20% of the Domestic Gas Metering business share in India. Vikas Lifecares subsidiary Genesis Gas Solutions enters into Joint Venture Agreement with Indraprastha Gas Limited (IGL) and incorporated Joint Venture Company ‘IGL Genesis Technologies Limited (CIN: U26513DL2023PLC415626) on June 15, 2023.

Companys various business segments, their prospective and future outlook has been discussed in details, separately in ‘Management Discussion and Analysis Report which is annexed herewith and form part of the Directors Report.

LISTING OF EQUITY SHARES

Equity shares of the Company were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on May

8, 2019.

CAPITAL STRUCTURE Authorized Share Capital

The Authorized Share Capital of the Company as on March 31, 2025 was Rs. 235,00,00,000 divided into 235,00,00,000 Equity

Shares of Re.1 each.

Paid-up Share Capital

As on March 31, 2025, the Issued and Paid-up Share Capital of the Company stood at Rs. 185,76,68,560/- divided into 185,76,68,560 fully paid-up equity shares of face value of Re. 1/- per share. a) Conversion pursuant to Preferential Allotment of warrants:

The members of the company accorded their assent for the issuance of up to 24,25,00,000 fully Convertible Warrants, carrying a right exercisable to subscribe to one Equity Share, to persons belonging to ‘Promoter & Promoter Group and

‘Non-Promoter, Public Category on preferential basis at an issue price of Rs. 4/- (including a premium of Rs. 3/- each) per Warrant in the 28th Annual General Meeting held on September 30, 2023. Thereafter, Company made allotment of

24,25,00,000 Fully Convertible Warrants as on March 02, 2024.

Further, during the financial year, following conversions took place:

Conversion date/ Board Meeting date	No. of warrants into Equity	Increased paid-up capital (Amount in Rs.)
March 20, 2024	3,50,00,000	165,01,68,560
April 5, 2024	5,20,00,000	170,21,68,560
April 18, 2024	5,61,00,000	175,82,68,560
May 17, 2024	2,91,00,000	178,73,68,560
June 1, 2024	2,30,00,000	181,03,68,560
June 11, 2024	1,28,00,000	182,31,68,560
June 19, 2024	3,45,00,000	185,76,68,560

Listing and trading approvals for the same has already been obtained from the stock exchanges. Consequent to conversion of warrants/allotment of Equity Shares, the issued and paid-up capital of the Company stands increased to Rs. 165,01,68,560/-consisting of 165,01,68,560 equity shares of Re. 1/- each. b) Issue of equity shares with differential rights

The Company has not issued any equity shares with differential rights so no disclosure is required as per Rule (4) of the

Companies(ShareCapitalandDebentures)Rules2014. c) Issue of sweat equity shares

The Company has not issued sweat equity shares, so no disclosure is required as per Rule 8(13) of the Companies (Share

Capital and Debentures) Rules 2014. d) Issue of employee stock options

The Company has not issued employee stock options, so no disclosure is required as per Rule12 (9) of the Companies

(ShareCapitalandDebentures)Rules2014. e) Provision of money by company for purchase of its own share by employees or by trustee for the benefit of employees

The Company has not made any provision for purchase of its own share of employees or by the trustee for the benefit of employees so no disclosure is required as per Rule 16(4) of the Companies (Share Capital and Debentures) Rules 2014.

CHANGE IN NAME OF THE COMPANY

During the period under review, there was no change in the name of the Company.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

In terms of Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations)

Management Discussion and Analysis report (MD&A Report) providing a detailed overview of your Companys performance, industry trends, business and risks involved is provided separately and is forming part of the Annual Report.

SUBSIDIARY COMPANIES, JOINT VENTURE AND CONSOLIDATED FINANCIAL STATEMENTS

The Company has a two Subsidiary company named Genesis Gas Solutions Private Limited and Shashi Beriwal Private Limited. Department of Economic and Tourism, Dubai UAE (the DET), Government of Dubai, has approved incorporation of wholly owned subsidiary of the Company in the name of VIKASH LIFE CARE INVESTMENT MANAGEMENT L.L.C and issued a Certificate of Incorporation for the same. The company shall carry out business in the field of Investment in Commercial Enterprises and

Management.

All other necessary disclosures as stipulated by the statutes are made separately. Further, the company does not have any Joint Venture.

DIVIDEND

To conserve the resources for the expansion of business in the long run, your Directors have not recommended any dividend for the Financial Year 2024-25 and have decided to retain the profits.

CORPORATE GOVERNANCE AND ETHICS

The Company believes in adhering to the best corporate governance practices and its philosophy emphasizes on fair and transparent governance and disclosure practices which helps your Company to follow the path of its vision and mission. It strongly believes in developing best corporate governance policies and procedures based on principals of fair and transparent disclosures, equity, accountability and responsibility.

A detailed report on Corporate Governance, in terms of Regulation 34 of the Listing Regulations is forming part of the Annual Report. A certificate confirming compliance with requirements of Corporate Governance as enumerated under the extant provisions of Listing Regulations issued by M/s. Avinash K & Co., Company Secretaries is also annexed to the said report.

WHISTLE BLOWER POLICY AND VIGIL MECHANISM

The Vigil Mechanism/ Whistle Blower Policy has been put in place for the Directors and Employees to report their genuine concerns about the unethical behaviour, actual or suspected fraud or violation of the Companys Code of Conduct. The mechanism provides for adequate safeguards against the victimization of directors and employees who avail of the mechanism. The Whistleblower

Policy is available on the website of the Company.

BOARD OF DIRECTORS & KEY MANAGERIAL PERSONNEL

The Board of Directors provides the blue print to the success of any organization, it plans and implements various strategies to grow not only in numbers but in value and cater to its stakeholders.

The Board met 14 (Fourteen) times during the year, details pertaining to Board and Committee Meetings held during the year are detailed in Corporate Governance Report.

During the year, there were following changes in your board of directors:

Appointments a) Appointment of Mr. Parag Dadeech (DIN: 08103407) as an Additional Director (Category: Whole Time Director) of the

Company w.e.f. November 30, 2024 which was subsequently approved by members on January 19, 2025. b) Appointment of Mr. Samanta Yadav (DIN: 10690525) as an Additional Director (Category: Non- Executive Independent Director) of the Company w.e.f. July 01, 2024 which was subsequently approved by members on September 30, 2024.

Cessations a) Cessation of Mr. Vijay Kumar Sharma (DIN: 08721833) from the office

30, 2024. b) Mr. Suresh Narayanan Menon (DIN: 02943982) stepped down from the position of Independent Director w.e.f. July 01, 2024.

Retirement by Rotation:

In accordance with the provisions of Section 152 of the Act and in terms of Articles of Association of the Company, Mr. Sundeep Kumar Dhawan, Managing Director of the Company, retires by rotation at the ensuing AGM and being eligible, offers himself for re-appointment. The Brief profile of Director being re-appointed is given in the Notice convening the ensuing Annual General

Meeting of the Company.

KEY MANAGERIAL PERSONNEL

The Board of your Company consisted of the following Key Managerial Personnel (KMPS) as on the year ended March 31,

2025:

a)	Managing Director	:	Mr. Sundeep Kumar Dhawan
b)	Chief Financial Officer	:	Mr. Chandan Kumar
c)	Company Secretary	:	Mr. Sanjay Kumar Jaiswal
d)	Whole Time Director	:	Mr. Parag Dadeech

DECLARATION OF INDEPENDENCE

The Independent Directors have confirmed that they meet the criteria of Independence as stipulated under Section 149(6) of the Companies Act, 2013 read with the Regulation 16 (1) (c) of the Listing Regulations and they are not aware of any circumstances or situation, which exist or may be reasonably anticipated, that could impair or impact their ability to discharge their duties with an objective independent judgment and without any external influence as an Independent Director of the Company.

The Board confirms to the declaration of the Independent Directors and there being no doubts as to veracity of the same, places the same on record.

BOARD COMMITTEES

In compliance with the requirements of Companies Act, 2013 and Listing Regulations your Board had constituted various Board

Committees including Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee. Details ofthe constitution of these Committees, which are in accordance with regulatory requirements, have been uploaded on the website of the Company.

Details of scope, constitution, terms of reference, number of meetings held during the year under review along with attendance of Committee Members is provided under Corporate Governance Report forming part of the Annual Report.

AUDITORS AND AUDITORS REPORT Statutory Auditors

M/s KSMC & Associates, Chartered Accountants (FRN: 003565N), were appointed as Statutory Auditors of the Company at the 27^th Annual General Meeting held on September 29, 2022 for a period of 5 years and they will remain in office until conclusion of 32^nd AGM to be held in the financial year 2026-27.

The statutory auditors report for the financial year 2024-25 do not contain any qualifications,reservations or adverse remarks other than those that are self-explanatory. The observations made in the Auditors Report are self-explanatory and, therefore, do not require any further comments from the Board of Directors. The Statutory Auditors have also not reported any incident of fraud to the Committee during the year under review. Audit Remarks made in the Report are self- explanatory and do not call for any further comments from your directors.

Secretarial Auditor

M/s. Avinash K & Co., Company Secretaries were appointed as the Secretarial Auditor of your Company carry out the Secretarial

Audit for the financial year under review. The Secretarial Audit Report issued by the Secretarial Auditors in Form No. MR-3 is annexed with this Report.

Pursuant to Section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial

Personnel) Rules, 2014, the Company has obtained the Secretarial Audit Report for the financial year ended on March 31, 2025 from M/s. Avinash K & Co., Company Secretaries

Secretarial Audit Report

The Secretarial Audit Report for the financial year ended March 31, 2025 in the format prescribed (Form MR-3) as provided by M/s

Avinash K & Co. Company Secretary in Practice has been annexed to the Report.

Cost Auditor

In accordance with the Section 148 of the Companies Act, 2013 and applicable rules made thereunder, companies which are engaged in the production of such goods or providing such services and have exceeded the net worth or a turnover of such amount as may be prescribed is required to maintain cost records and to appoint Cost Auditor to conduct audit of cost records maintained by the Company in a timely and proper manner. Accordingly, the Board of Directors of the Company in their meeting held May 29, 2024 appointed M/s. Niraj Kumar Vishwakarma & Associates (Registration No: 003450) as the Cost Auditors of the Company to conduct audit of cost records maintained by the

Company for the financial year 2024-25.

Internal Auditor

The Company has appointed M/s G Mansi & Associates, Chartered Accountants (FRN: 035927N), Practicing Chartered Accountants as an Internal Auditor of the Company for the F.Y. 2024-25 as per the requirements of the section 138 of the Companies Act, 2013 read with rule 13 of the Companies (Accounts) Rules, 2014, and other applicable provisions of the Act.

SECRETARIAL STANDARDS

Your Company complies with the Secretarial Standard on Meetings of Directors (SS-1) and Secretarial Standard on General Meetings (SS-2) whenever it is applicable. Your Company will comply with the other Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI) as and when they are made mandatory.

BUSINESS RESPONSIBILITY REPORT

As per Regulation 34 (2)(f) of the SEBI (LODR) Regulations, 2015, top One thousand (1000) listed entities based on market capitalization shall contain the Business Responsibility Report in their Annual Report. As the Company does not fall under top 1000 listed Companies based on market capitalization, therefore, this regulation is not applicable to the Company.

REMUNERATION OF DIRECTORS, KEY MANAGERIAL PERSONNEL AND PARTICULARS OF EMPLOYEES

Disclosures pertaining to the remuneration and other details as required under Section 197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel), Rules, 2014 is also annexed to this Report.

SIGNIFICANT AND MATERIAL ORDERS

There are no significant material orders passed by the Regulators/Courts which would impact the going concern status of your

Company and its future operations.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

In terms of Section 186 of the Companies Act, 2013, particulars of inter-corporate loans, guarantees and investments are provided in the notes to Financial Statements.

RECLASSIFICATION FROM PROMOTER/PROMOTER GROUP CATEGORY TO PUBLIC CATEGORY

The Company had received request letter dated March 19, 2024 from Mrs. Asha Garg, Vinod Kumar Garg & Sons HUF, Mr. Vinod

Kumar Garg, Mr. Ishwar Gupta, Jai Kumar Garg & Sons HUF, Mr. Vaibhav Garg and Mrs. Shashi Garg (collectively referred to as ‘Outgoing Promoters) for reclassifying them from ‘Promoters/Promoter Group to ‘Public under regulation 31A of the SEBI

(Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations). In line with Regulation 31A(8)(c) read with Regulation 31A (10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company submitted an application to Stock Exchanges on June 6, 2024, for the said reclassification. Company has intimated to Stock Exchanges on September 4, 2024, regarding withdrawal application from reclassification from promoter to public category from Mr. Vaibhav Garg, Mrs. Shashi Garg, Mr. Vinod Kumar Garg and Vinod Kumar Garg & Sons HUF.

Further, application for reclassification is under process with the respective Stock Exchanges.

WITHDRAWAL OF OPEN OFFERS PURSUANT TO TERMINATION AGREEMENT

A Share Purchase Agreement was executed by our Company, along with the other Acquirers Mr. Vikas Garg and Advik Capital

Limited for the acquisition of 75,00,000 equity shares, representing 33.26% of the issued and paid-up share capital of Industrial Investment Trust Limited (Target Company). Consequently, an Open Offer was made to the shareholders of the Target Company in accordance with Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

On May 08, 2024, an application was submitted to the Reserve Bank of India (RBI) seeking prior approval for the acquisition of shares under the Share Purchase Agreement and Open Offer, including control over the Target Company. However, the application was returned by RBI due to lack of regulatory comfort on account of the existence of more than one NBFC in the resulting group. Following the return of the application, the Acquirers approached RBI requesting an opportunity for a personal hearing and clarity on submitting a fresh application for approval of change in control and shareholding in IITL. Despite repeated efforts, the request was not acceded to. Accordingly, the Acquirers and Sellers mutually agreed to terminate the Share Purchase Agreement through a Termination Agreement dated July 26, 2024. As a result, the Open Offer for the Target Company, i.e., Industrial Investment Trust Limited, along with the Open Offer for IITL Projects Limited, stands withdrawn in terms of Regulation 23 of the SEBI (SAST)

Regulations, 2011.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES REFERRED TO IN SECTION 188

All Related party transactions are entered on an arms length basis and are in compliance with the applicable provisions of the

Companies Act, 2013 and the Listing Regulations. There are no materially significant related party Company with Promoters, Directors or Key Managerial Personnel etc. which may have potential conflict with the interest of the

Company at large. Companys policy on related party transactions can be accessed at its website www.vikaslifecarelimited.com.

The particulars of every contract and arrangement entered into by the Company with related parties referred to in sub- section (1) of section 188 of the Companies Act, 2013 including certain arms length transactions under third proviso thereto are disclosed in

Form No. AOC-2 which is annexed to this Report.

POLICIES

Company has the following policies:

Policy on Preservation of Documents and Archives Management as per Regulation 9 and 30(8) of the SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015.

Policy for Disclosure of events/ information and Determination of materiality as per Regulation 30(4)(ii) of the SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015.

Policy on Materiality of Related Party Transactions as per Regulation 23(1) of the SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015.

Policy for determining material subsidiary as per SEBI (Listing Obligations and Disclosure Requirements) Regulations,

2015.

Above Policies along with the other policies which are applicable on the website of the Company.

ANNUAL RETURN

The Annual Return pursuant to the provisions of Section 92 read with Rule 12 of the Companies (Management and Administration) Rules, 2014 of your Company for the financial year under review is available at website of your Company.

MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY

There have been no material changes and commitments affecting the financial position of your Company end of the Financial Year and the date of this Report.

PARTICULARS REGARDING CONSERVATION OF ENERGY ETC.UNDER SECTION 134(3)(m) OF THECOMPANIES ACT, 2013 AND RULES MADE THEREIN

As per the provisions of Section 134(3)(m) of the Act read with Companies (Accounts) Rules, 2013, Details of steps taken by your

Company to conserve energy through its Sustainability initiatives, Research and Development and Technology Absorption have been disclosed as part of the Annual Report.

DETAILS IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS

The Companys internal control systems are commensurate with the nature of its business and the size and complexity of its operations. The Statutory and the Internal Auditors routinely conduct system checks and give their report after evaluation of the efficacy and adequacy of internal control systems including controls with respect to the financial statements, its compliance with operating systems, accounting procedures and policies in the Company. Based on the report of Internal Audit, the departments undertake corrective action in their respective areas and thereby strengthen the controls.

PERFORMANCE EVALUATION

Pursuant to the provisions of the Companies Act, 2013 and Regulation 17(10) of SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015, a separate exercise was carried out to evaluate the performance of individual Directors, including the Chairman of the Board who were evaluated on parameters such as level of engagement and contribution and independence of judgment there by safeguarding the interest of the Company.

The performance evaluation of the Independent Directors was carried out by the entire Board. The performance evaluation of the Chairman and the Non-Independent Directors was carried out by the Independent Directors. The board also carried out an annual performance evaluation of the working of its Audit, Nomination and Remuneration as well as stakeholder relationship committee.

The Directors expressed their satisfaction with the evaluation process.

RISK MANAGEMENT POLICY

The Board of Directors of the Company are of the view that currently no significant risk factors are present existence of the company. During the year, your directors have an adequate risk management infrastructure in place capable of addressing those risks. The company manages monitors and reports on the principal risks and uncertainties that can impact its ability to achieve its strategic objectives. The Audit Committee and Board of Directors review these procedures periodically. The companys management systems, organizational structures, processes, standards, code of conduct and behavior together form a complete and effective Risk Management System (RMS).

PREVENTION OF INSIDER TRADING

The Company has a Code of Conduct for Prevention of Insider Trading with a view to regulate trading in securities by the Directors and certain designated employees of the Company. The Code requires pre-clearance for dealing in the Companys shares and prohibits the purchase or sale of Company shares by the Directors and 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 Board is responsible for implementation of the Code. All Directors and the designated employees have confirmed compliance with the

Code.

DISCLOSURE OF RELATIONSHIP BETWEEN DIRECTOR INTER SE

None of the Directors are related to each other.

CODE OF CONDUCT

The Board of Directors has approved a Code of Conduct which is applicable to members of the Board, Key Managerial Personnel, Senior Management of the Company and all employees in the course of day-to-day business operations of the company. The Code has been placed on the Companys website www.vikaslifecarelimited.com. The Code lays down the standard procedure of business conduct which is expected to be followed by the directors and the designated employees in their business dealings and in particular on matters relating to integrity in the workplace, in business practices and in dealing with stakeholders.

All the Board Members and the Senior Management personnel have confirmed compliance with the Code.

APPLICABILITY OF THE INDIAN ACCOUNTING STANDARDS (IND-AS)

The financialstatements have been prepared in accordance with the Indian Accounting Standards (Ind-AS) specified under section

133 of the Companies Act, 2013, read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015.

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

The Company has in place an Anti-Sexual Harassment Policy in line with the requirements of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition and Redressal) Act, 2013. During the year under review, no compliant was received in this regard.

No case was reported during the year under review; the details are as follows:

The number of sexual harassment complaints received during the year: Nil The number of such complaints disposed of during the year: Nil The number of cases pending for a period exceeding ninety days: Nil

STATEMENT ON MATERNITY BENEFIT COMPLIANCE

Pursuant to the requirements introduced under the Companies (Accounts) Second Amendment Rules, 2025, the Company hereby confirms that it is in compliance with the applicable provisions of the Maternity Benefit Act, 1961, as amended from time to time. The Company ensures that all eligible women employees are provided with the statutory maternity benefits, including leave entitlements, job protection, and other prescribed facilities, in accordance with the Act. Internal processes and policies have been aligned to support maternity rights, promote workplace inclusivity, and ensure adherence to all legal obligations under the Act

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

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

THE DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS

During the year under review, there has been no one time settlement of loans taken from the banks and financial institutions

REGISTRAR AND SHARE TRANSFER AGENT

With effect from June 28, 2023 the Company has shifted its RTA from Alankit Assignments Limited to Big Share Services Private Limited for better investor services. The Company has obtained NOC from NSDL & CDSL respectively dated June 28, 2023 the same has been intimated under Regulation 30 of Listing Obligation Disclosure Requirement Regulation 2015.

HUMAN RESOURCES

The Management has a healthy relationship with the officers and the Employee.

PARTICULARS OF EMPLOYEES

None of the employees of the Company were in receipt of remuneration in excess of limits as prescribed under Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 134(3) (C) read with Section 134(5) of the Act, the Directors, to the best of their knowledge and ability, hereby confirm that:

(i) in the preparation of the annual accounts, the applicable accounting standards had been followed with proper explanation relating to material departures; (ii) they have selected such accounting policies in consultation with Statutory Auditors 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 March 31, 2025 and of the profit and loss of the company for the Financial

Year;

(iii) they have taken proper and sufficientcare, to the best of their knowledge and ability, for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities;

(iv) The annual accounts of the Company have been prepared on a going concern basis.

(v) The directors had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively.

(vi) They had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

Your Directors place on record their appreciation for the valuable support and cooperation of the Companys Bankers, Government Agencies, Customers, Suppliers, Shareholders, Employees and other statutory authorities, who have reposed their continued trust and confidencein the Company.

	For Vikas Lifecare Limited	For Vikas Lifecare Limited
	Sundeep Kumar Dhawan	Chandan Kumar
Date: 02.09.2025	Managing Director	Director
Place: New Delhi	DIN: 09508137	DIN: 08139239