Your Directors are pleased to present the 36^th Annual Report on business and operations of your Company along with the
audited statements of accounts for the financial year ended March 31, 2026.

FINANCIAL RESULTS:

PERFORMANCE OF THE COMPANY

Standalone

On standalone basis, the total income for the financial
year ended 2025-2026 was ' 1,66,939.62 Lakhs as against
' 1,53,572.59 Lakhs for the financial year 2024-25, showing
an increase of 8.70%. EBITDA for the year under review
stood at ' 19,439.26 Lakhs as against ' 18,399.41 for the
previous year, showing an increase of 5.65%. Profit before
Tax was ' 5,260.38 Lakhs as against ' 5,095.17 Lakhs a
year ago, an increase of 3.24%. Net worth of the Company
improved from ' 54,869.34 Lakhs at the end of the financial
year 2024-25 to ' 57,192.55 Lakhs as on March 31, 2026.

Consolidated

On a consolidated basis, your Company recorded
higher total income of ' 1,78,446.89 Lakhs as against
' 1,72,378.84 Lakhs in the last year, an increase by
3.52%. EBITDA for the year under review stood higher at
' 20,329.15 Lakhs as against EBITDA of ' 19,789.89 Lakhs
for FY 2024-25. Profit before tax was ' 5,469.75 Lakhs as

against ' 6,211.29 Lakhs a year ago, a decline of 11.94 %
Decline was mainly on account of higher provisions for
depreciation. However, net worth increased to ' 62,829.86
Lakhs as at the end of the financial year from ' 59,327.39
Lakhs at the end of the previous financial year.

Transfer of General Reserves

The Company has not transferred any amount from profit
and loss to general reserve.

DIVIDEND:

Your Directors in its meeting held on May 12, 2026 had
declared an interim dividend of ' 2/- per share (40%) for
the financial year 2025-26. The said dividend has already
been paid. Your Directors are pleased to recommend a
final dividend of ' 3/- per share (60%). The final dividend
for the year ended March 31, 2026 is subject to approval
of the Members at the forthcoming 36^th Annual General
Meeting to be held on September 28, 2026.

Final dividend, if declared by the Members in their 36^th
Annual General Meeting, the total dividend for the
financial year 2025-26 will be ' 5/- per share i.e. (100%).

Your Company has adopted a Dividend Distribution Policy,
which details certain parameters inter alia exigencies of
fund for need based working capital, budgeted capital
expenditure, contingencies etc. based on which the Board
of Directors declares interim dividend and recommends
final dividend. The said Dividend Distribution Policy is
available on website of the Company athttps://www.
alicongroup.co.in/wp-content/uploads/2021/06/Dividend-
Distribution-Policy.pdf.

CAPITAL EXPENDITURE

As at March 31, 2026, gross value of property, plant and
equipment, investment property and other intangible
assets including leased assets was 1,14,088.54 Lakhs and
the net value of property, plant and equipment, investment
property and other intangible assets including leased
assets was ' 57,003.45 Lakhs. Capital expenditure during
the FY 2025-26 was ' 14,089.52 Lakhs.

MANAGEMENT DISCUSSION AND ANALYSIS
REPORT

A detailed analysis on the working of the Company and
various challenges faced by the Company during the year
under review and current scenario is given separately
under the Management Discussion and Analysis, which
forms parts of this report.

ALICON GROUP/ SUBSIDIARY COMPANIES

As on March 31, 2026, your Company had three overseas
subsidiary companies, namely Alicon Holding GmbH,
Illichmann Castalloy GmbH and Illichmann Castalloy
S.R.O. and one associate company namely, Clean Max
Uno Private Limited. Your Company does not have any
Indian subsidiary company and joint venture.

A statement containing the performance and financial
position of each of the subsidiaries and associates for the
financial year ended March 31, 2026 in prescribed format
AOC-1 is annexed as Annexure I and forms part of this
integrated annual report.

In accordance with the Regulation 16(1 )(c) of the SEBI
(LODR) Regulations, your Company has one material
subsidiary namely, Illichmann Castalloy s.r.o., Slovakia.
Your Company has adopted a policy on the determination
of material subsidiaries in line with Listing Regulations.
The Policy aims to provide a governance framework for
such material subsidiary(ies).

The Policy may be accessed at Policy_on_determination_
of_Material_Subsidiary.pdf (alicongroup.co.in).

The audited Financial Statements including the
Consolidated Financial Statements and the related
information of the Company as well as the separate
financial statements of each of the subsidiaries and
associates, are available on the website of the Company
athttps://www.alicongroup.co.in/financial-results/

The financial performance of these overseas subsidiaries
for the financial year 2025-26 is provided below:

1. Illichmann Castalloy GmbH

The Company recorded a total income of ' 2,681.44
Lakhs for the year ended on March 31, 2026 as against
' 3,409.31 Lakhs in the previous year and earned a
pre-tax profit ' 135.65 Lakhs for the year as against
' 88.93 Lakhs a year ago.

2. Illichmann Castalloy S.R.O

The Company had recorded a total income of
' 12,222.05 Lakhs for the year ended on March 31,
2026 as against ' 18,647.23 Lakhs in the previous year.
The Company earned a pre-tax profit ' 73.71 Lakhs
for the year as against ' 1,044.70 Lakhs a year ago.

3. Alicon Holding GmbH

During the year under review, the Company did not
earn any income.

SHARE CAPITAL

The Board of Directors of the Company in its meeting
held on April 17, 2026 had allotted 75,000 Equity shares of
' 5/- each to its employees, who exercised their rights
under Alicon Castalloy Employees' Stock Options
Scheme - 2022. This has resulted in an increase in issued,
subscribed and paid-up share capital to ' 8,20,59,200/-
divided into 1,64,11,840 Equity Shares of ' 5/- each.

The Company has not issued any shares with differential
voting rights.

Investment in Captive Power

Your Company is holding 26% of the issued, subscribed
and paid-up capital of Radiance MH Sunrise Three
Private Limited, a special purpose vehicle incorporated
by Radiance Renwables Private Limited, a leading
global alternative asset manager with one of the largest
renewable power platform. This associate of your
Company supplies solar power upto 12 MW to Shikrapur
and Chinchwad plants in Maharashtra.

This has resulted in substantial savings in energy cost as
also reduction in carbon.

DEPOSITS

During the year under review, the Company has not
accepted any Deposit under Section 73 of the Companies
Act, 2013 read with the Companies (Acceptance of
Deposits) Rules, 2014.

LOANS, GUARANTEES AND INVESTMENTS

The particulars of loans, guarantee, securities and
investments made as required under the provisions of
section 186 of Companies Act, 2013 read with Regulation
34 (3) and Schedule V of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 are given in
the notes forming part of the financial statements.

RELATED PARTY TRANSACTIONS AND POLICY

All contracts/arrangements/transactions with Related
Parties during the F.Y. 2025-2026 were in ordinary course of
the business and on an arm's length basis. All transactions
with related parties, which were repetitive in nature, in an
ordinary course of business and at an arm's length basis,
were placed before the Audit committee for omnibus
approval. The details of all related party transactions, as
approved, are placed on a quarterly basis before the Audit
Committee for its review and noting.

The details of the Related Party Transactions as per IND AS
- 24 are set out in Notes to the Financial Statements of the
Company. Since all the transactions with related parties
entered by the Company were in ordinary course of the
business and on an arm's-length basis, Form AOC-2 is not
applicable to the Company.

During the year under review, there was no material
related party transaction with Promoters, Directors or Key
Managerial Personnel or their relatives.

The Related Party Transactions Policy is hosted on the
Company's website at www.alicongroup.co.in/wp-content/
uploads/2024/01/Related-Partv-Policv.pdf

MATERIAL CHANGES AND COMMITMENT

No material change and commitment, which could affect
your Company's financial position, has occurred between
the end of the financial year 2025-26 and the date of this
report.

CHANGE IN THE NATURE OF BUSINESS

There was no change in business of the Company during
the financial year ended March 31, 2026.

INTERNAL FINANCIAL CONTROLS AND ADEQUACY

Your Company has a comprehensive and well established
adequate internal financial controls with reference to
the financial statements. These have been designed to
provide reasonable assurance with regard to recording
and providing reliable financial information; complying
with applicable statutes; safeguarding assets from

unauthorized use; ensuring the transactions are carried-out
with adequate authorization and complying with corporate
policies and processes. Such controls have been assessed
during the year, after taking into consideration the essential
components of internal controls stated in the Guidance
Note on Audit of Internal Financial Controls over Financial
Reporting issued by the Institute of Chartered Accountants
of India. Based on the result of such assessment carried-out
by the management, no reportable material weakness or
significant deficiency in the design or operation of internal
financial controls was observed.

The monitoring and reporting of financial transactions
is supported by a web-based system SAP, which helps in
obtaining accurate and complete accounting records and
timely preparation of reliable financial disclosures at all
levels of the organization.

The details in respect of internal controls and internal
financial controls and their adequacy are included in the
Management Discussion and Analysis, which forms a part
of this Integrated Annual Report.

CREDIT RATING

Your Company has been rated by CRISIL Limited ("CRISIL")
for its Banking facilities. Your Directors are pleased to
inform that CRISIL has reaffirmed its rating to CRISIL A/
positive for long-term facilities and CRISIL A1 for short¬
term credit facilities.

RISK MANAGEMENT

The Board has constituted the Risk Management
Committee. Mr. Alfred Heinrich Knecht, Chairman, Mr.
Ajay Nanavati, Mr. Ajay S. Patil, Mr. Jitendra Panjabi and
Ms. Sujatha Narayan, were the Members of the Committee
as on March 31,2026.

The Company has established a comprehensive
Risk Management Policy and implemented a robust
mechanism to ensure regular monitoring and mitigation
of risks. The framework provides for regular updates on
risk assessment, mitigation strategies and governance
practices at various organizational levels. This ensures
that executive management effectively manages risks
through a well-structured and proactive approach. The
Risk Management Committee periodically reviews the
framework including cyber security, high risk items and
mitigation. There are no risks which, in the opinion of the
Board of Directors, threaten the existence of the Company.

All the assets of the Company are adequately insured.

CYBER SECURITY

The Company has established cyber security and crisis
management policies to prevent cyber threats and
manage incidents pertaining to cyber security and data
privacy effectively. It also tracks emerging practices and

technologies to enhance the security of IT systems and
infrastructure on a continuous basis.

CORPORATE GOVERNANCE

Your Company is committed to maintain the highest
standard of Corporate Governance and adhere to
Corporate Governance guidelines as prescribed in the
SEBI Listing Regulations. A separate report on Corporate
Governance along with a Certificate from DDB and
Company, Secretarial Auditors of the Company, certifying
the compliance as required under SEBI Listing Regulations,
is annexed to this Report as Annexure II.

BUSINESS RESPONSIBILITY AND SUSTAINABILITY
REPORT

As stipulated under Regulation 34 of the SEBI Listing
Regulations, the Business Responsibility Report
describing the initiatives taken by the Company from
the environmental, social and governance perspective is
annexed to this Report as Annexure III and forms part of
this integrated report. This report is also available on the
Company's website at www.alicongroup.co.in.

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

Information regarding Conservation of Energy, Research
and Development, Technology Absorption and Foreign
Exchange Earning and Outgo etc. under Section 134(3)
(m) of the Companies Act, 2013 read with the Companies
(Accounts) Rules, 2014, is annexed separately as an
Annexure - IV.

DIRECTORS AND KEY MANAGERIAL PERSONNEL
Change in Directorate

On recommendation of the Nomination and Remuneration
Committee, the Board of Directors at its meeting held on
April 17, 2026 had appointed Mr. Ishaan Rai (DIN: 06802018)
as an Additional Non-Executive Director effective from
May 12, 2026. His appointment as Director was approved
by the shareholders by passing an ordinary resolution
through postal ballot on June 20, 2026.

Based on the recommendation of the Nomination and
Remuneration Committee, the Board of Directors at
its meeting held on August 13, 2026 had appointed Mr.
Anantakrishnan Krishna (DIN: 07003940) as an Additional
Independent Director for a period of 5 (five) consecutive
years with effect from August 13, 2026. He will vacate the
office at the ensuing 36^th Annual General Meeting and
his appointment is proposed to be made by members of
the Company.

Cessation

Ms. Pamela Rai, Director, resigned from the Board of
Directors of the Company with effect from May 12,
2026. She was associated with your Company for more

than twelve years. She was dedicated to CSR activities
of the Company. The Board places on record its sincere
appreciation for her leadership and invaluable contribution
during her tenure on the Board.

Mr. Ajay S. Patil, Independent Director, and Chairman of
the Audit Committee, stepped down as Director of the
Company with effect from the closing of the business
hours on August 13, 2026. Mr. Patil was appointed as
Director and the Chairman of the Audit Committee on
October 14, 2024. The Board places on record its sincere
appreciation for his invaluable guidance to the Board
and management of the Company during his tenure as
Director and Chairman of the Audit Committee.

Re-appointment of Director retiring by rotation

To comply with the requirement of the Companies Act,
2013 and Articles of Association of the Company, Mr.
Jitendra Panjabi, Director (DIN: 01259252) shall retire by
rotation at the ensuing Annual General Meeting and being
eligible, has offered himself for re-appointment.

Key Managerial Personnel

In accordance with the provisions of Section 203 of the
Companies Act, 2013 following are the details of Key
Managerial Personnel (KMP) of the Company:

• Mr. S. Rai (DIN: 00050950) Managing Director.

• Mr. Rajeev Sikand, Chief Executive Officer (Upto
March 31, 2026)

• Mr. Sumit Bhatnagar was appointed as Chief
Executive - Designate on September 05, 2025 and
Chief Executive Officer with effect from April 01,2026.

• Mr. Vimal Gupta, Chief Financial Officer.

• Miss Sneha Shukla, Company Secretary with effect
from November 10, 2025.

COMMITTEES

As required under the Companies Act, 2013 and SEBI
(LODR) Regulations, 2015, the Company has constituted
various statutory committees. As on March 31, 2026, the
Board had constituted the following committees:

• Audit Committee

• Nomination and Remuneration Committee

• Corporate Social Responsibility Committee,

• Risk Management Committee

• Stakeholders' Relationship Committee.

The details on composition of the Board and its
Committees, governance of committees including its
terms of reference, number of committee meetings held
during the financial year under review and attendance
of its members, are provided in the report on Corporate
Governance, which forms part of this Directors' Report.

INDEPENDENT DIRECTORS

Mr. Alfred Heinrich Knecht, Mr. Ajay S. Patil, Ms. Bijal T
Ajinkya and Ms. Sujatha Narayan are the Independent
Directors of the Company. Mr. Ajay Nanavati was an
Independent Director till April 29, 2025 and was appointed
as Non-Executive Non-Independent Director effective
from April 30, 2025.

In accordance with Regulation 25(8) of the SEBI (LODR)
Regulations, 2015, all Independent Directors have
confirmed that they are not aware of any circumstances
or situation, which exist or may reasonably be anticipated
to impair or impact their ability to discharge their duties.
Based on the declarations received from the Independent
Directors, the Board of Directors has confirmed that
they meet the criteria of independence as mentioned
under Section 149(6) of the Companies Act, 2013 and
Regulation16(1)(b) of the SEBI (LODR) Regulations, 2015,
and that they are independent of the management. In
the opinion of the Board, there has been no change in
the circumstances, which may affect their status as an
Independent Directors of the Company and the Board is
satisfied of the integrity, expertise and experience of all
Independent Directors on the Board. List of key skills,
expertise and core competencies of the Board including
the Independent Directors, forms a part of Corporate
Governance Report of this Annual Report.

BOARD EVALUATION

The performance evaluation of non-Independent
Directors, the Board as a whole and the Chairman of
the Board was carried out by the Independent Directors
at their separate meeting held on March 27, 2026. The
Board of Directors reviewed the reports of evaluation
received from the Nomination and Remuneration
Committee and Independent Directors and also the
functioning of the Committees of the Board and carried-
out evaluation of the Board as a whole, the Committees of
the Board and each Director and found the performance of
the Board, the Committees and all the individual Directors
to be satisfactory.

FAMILIARISATION PROGRAMME FOR
INDEPENDENT DIRECTORS

All Independent Directors are familiarized with the
operations and functioning of the Company at the time of
their appointment and on an ongoing basis.

NOMINATION AND REMUNERATION POLICY AND
BOARD DIVERSITY

In terms of the provisions of Section 178(3) of the
Companies Act, 2013 and Regulation 19 read with Part
D of Schedule II to SEBI (LODR) Regulations, 2015, the
Nomination and Remuneration Committee (NRC) is
responsible for determining the qualifications, positive
attributes and independence of a Director. In line with
this requirement, the Board has adopted a policy on

nomination, remuneration and Board diversity, which sets
out the criteria for determining qualifications, positive
attributes and independence of a director. The policy is
available on website of the Company at www.alicongroup.
com.

NUMBER OF BOARD MEETINGS

The Board of Directors met six (6) times during the
Financial Year ended March 31, 2026 namely on May 12,
2025, August 07, 2025, September 05, 2025, November 06,
2025, February 13, 2026 and March 19, 2026. A separate
meeting of Independent Directors was also held on March
27, 2026. The details on attendance of Directors in each
Board Meetings and other Committee Meetings of Board
of Directors are provided in Corporate Governance Report,
which forms part of this Directors' Report.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to Section 134 of the Companies Act, 2013,
the Board of Directors, to the best of their knowledge,
confirms that -

a) in the preparation of the accounts the applicable
accounting standards have been followed along with
proper explanations relating to material departure;

b) appropriate accounting policies have been selected
and applied consistently and have 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 of the Company for that period;

c) proper and sufficient care has been taken for the
maintenance of adequate accounting records
in accordance with the provisions of the Act for
safeguarding the assets of the Company and
for preventing and detecting fraud and other
irregularities;

d) the annual accounts have been prepared 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 were operating
effectively;

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.

PARTICULARS OF EMPLOYEES

Information pertaining to remuneration and other details
as required under Section 197 of the Companies Act,
2013 read with Rule 5(1) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014
is annexed as Annexure V and forms an integral part of
this Report.

Information under Rules 5(2) and 5(3) of the Companies
(Appointment and Remuneration of Managerial
Personnel) Rules, 2014 is provided in a separate annexure
forming part of this Report. However, as per first proviso
to Section 136(1) of the Act and second proviso of Rule
5(3) of the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014, the Report and
Financial Statements are being sent to the Members of the
Company excluding the said statement.The said annexure
is available for inspection by the shareholders at the
Registered Office of the Company during business hours
on the working days of the Company and any Member
interested in obtaining a copy of the said statement may
write to the Company Secretary at the Registered Office of
the Company. The said information is also available on the
Company's website at www.alicongroup.co.in.

EMPLOYEES STOCK OPTION SCHEME (ESOS)

The shareholders of the Company at their 32^nd AGM held
on September 27, 2022 had approved the Alicon Castalloy
Limited - Employee Stock Option Scheme-2022 (ESOS-
2022). Under the said Scheme the Board is authorised to
offer, issue and provide up to 3,00,000 stock options to
the eligible employees of the Company. The said Scheme
stands expired with effect from April 17, 2026 being the date
on which all the Options issued against this ESOS-2022
stand exercised by the Option Grantees and shares allotted.

The details of Stock Options granted under the ESOS-2022
and disclosures in compliance with the SEBI (Share Based
Employee Benefit and Sweat Equity) Regulations, 2021 are
set out in Annexure- VI and are available in the Company's
website www.alicongroup.co.in.

The members of the Company by special resolution
passed through postal ballot on March 27, 2026 had
also approved the Alicon Castalloy Limited - Employees
Stock Option Scheme-2026 (ESOS-2026), authorising the
Board of Directors to offer, issue and provide up to
3,00,000 stock Options to the eligible employees of the
Company and its subsidiaries.

The Board has not offered or issued any stock options
under the ESOS-2026 since in-principle approval from the
BSE Limited and National Stock Exchange of India Limited
(NSE) is awaited.

Your Company's Secretarial Auditor has certified that the
ESOS-2022 of the Company has been implemented in
accordance with the SEBI Regulations and the resolutions
passed by the Members in this regard.

INDUSTRIAL RELATIONS

Industrial relations across all the manufacturing locations
of your Company were cordial and very positive through¬
out the year under review.

In order to develop skills and foster togetherness at the
work place, your Company rolled out multiple training
and engagement programs covering a wide range of
topics such as stress management, attitude, creativity,
team spirit, quality, skill building, safety and environment,
customer focus, etc.

STATUTORY AUDITORS' REPORT

According to Board of Directors, there is no adverse remark
or emphasis made by Statutory Auditors in their report.
Notes to the accounts are self-explanatory to comments/
observation made by the auditors in their report. Hence,
no separate explanation is given.

Further, no fraud was reported by the auditors of the
Company under Section 143(12) of the Companies Act,
2013.

STATUTORY AUDITOR

M/s. Kirtane and Pandit LLP, Chartered Accountants (ICAI
Registration No. 105215W/W100057), were appointed as
the Statutory Auditors of the Company for a term of five(5)
years to hold office from the conclusion of the 32^nd annual
general meeting till the conclusion of 37^th Annual General
Meeting to be held in the financial year 2026-27

INTERNAL AUDITORS

M/s. PG. Bhagwati LLP, Chartered Accountants (Firm
Registration No. 101118W/W100682), were the Internal
Auditors of the Company for financial year 2025-26. The
Internal Auditors report directly to the Audit Committee.

SECRETARIAL AUDIT REPORT

Secretarial Audit was carried out by Mr. Dhruvalkumar
Baldha, DDB and Co., Practicing Company Secretaries
(FCS: 10562, COP 14265, Peer Review No: 6180/2024) for
the financial year 2025-26. The report on the Secretarial
Audit is appended as an Annexure VII to this report.
According to the Board of Directors the report does not
have any adverse remark.

In accordance with the Regulation 24A of the SEBI (LODR)
Regulations, 2015, as amended in 2024, listed entities are
required to appoint a peer reviewed Secretarial Auditor
for a term of five consecutive years. Such an appointment
shall be based on the recommendation of the Audit
Committee and approval of the Board of Directors and
shall be subject to the approval of members at the Annual
General Meeting.

M/s. DDB and Co. Practicing Company Secretaries, were
appointed with your approval as the Secretarial Auditors
of the Company for a period of five years to hold the office
till F.Y.2029-30

COST RECORDS

Maintenance of cost records as specified by the Central
Government under sub-section (1) of Section 148 of the
Companies Act, 2013, is not required by the Company.

CODE OF CONDUCT FOR PREVENTION OF INSIDER
TRADING

The Company has adopted a comprehensive Code of
Conduct. The said Code, inter alia, prohibits trading in the
securities of the Company by the Directors and employees,
while in possession of the unpublished price sensitive
information in relation to the Company.

CORPORATE SOCIAL RESPONSIBILITY (CSR)
POLICY AND INITIATIVES

Your Company has embraced the social cause with great
fervor. The management of your Company do believe that
sustainability is its collective responsibility. Therefore,
your Company is closely engaged in various endeavors
to serve the communities. The key focus remains on
education and community development.

In compliance with the provisions of Section 135 of the
Companies Act, 2013 read with the Companies (Corporate
Social Responsibility Policy) Rules, 2014 the Company has
a CSR Committee. As on March 31, 2026, the Committee
comprised of Ms. BijalT. Ajinkya, Chairperson, Ms. Pamela
Rai and Ms. Sujatha Narayan as Members. The Board had
reconstituted the said Committee on May 12, 2026 which
now comprises of Ms. Bijal T. Ajinkya, Chairperson, Mr.
Ishaan Rai and Ms. Sujatha Narayan as Members.

Your Company undertakes majority of its activities relating
to corporate social responsibilities through Bansuri
Foundation. It also works closely with other trusts and
NGOs.

Brief outline on the Corporate Social Responsibility (CSR)
Policy of the Company and the initiative undertaken by the
Company on CSR activities during the year under review
are set out in the format prescribed under the Companies
(Corporate Social Responsibility Policy) Rules, 2014 and is
annexed as Annexure VIII, which form part of this report.
The CSR Policy is hosted on the Company's websitehttps://
www.alicongroup.co.in/wp-content/uploads/2020/07/CSR-
Policy-Alicon.pdf.

OTHER STATUTORY DISCLOSURES

a) Receipt of Remuneration by Managing Director from
Subsidiary Companies:

Mr. S. Rai, Managing Director of the Company, has not
received any remuneration from any of its subsidiary
companies.

b) Extract of Annual Return

I n accordance with the provisions of Section 92(3)
of the Companies Act, 2013 and Rule 12(1) of the
Companies Management and Administration Rules,
2014, the Company has placed a copy of Annual Return
in Form MGT-7 on its website www.alicongroup.co.in.

c) Vigil Mechanism

Your Company has established a "Vigil Mechanism"
for its employees and Directors, enabling them to
report any concern of unethical behaviors, suspected
fraud or violation of the Company's 'Code of Conduct'.
To this effect, the Board has adopted a 'Whistle
Blower Policy (WBP), which is overseen by the Audit
Committee. The policy inter-alia provides safeguards
against victimization of the Whistle Blower.
Employees and other stakeholders have direct access
to the Chairperson of the Audit Committee for lodging
concerns, if any, for review.

The said policy has been uploaded on the website of
the Company at URLhttps://www.alicongroup.co.in/
wp-content/uploads/2018/10/Whistle Blower Policy.
pdf.

d) Secretarial Standard

The applicable Secretarial Standards, namely,
SS1 and SS2, relating to 'Meetings of the Board of
Directors and General Meetings' respectively, have
been duly complied by your company.

e) Significant and Material Orders Passed by the
Regulators or Courts

There was no significant and material order passed
by the Regulators / Courts / Tribunals, which would
impact the going-concern status of the Company and
its future operations.

f) Sexual Harassment of Women at Workplace

In compliance with the provisions of Sexual
Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013, your Company
has duly constituted an internal complaint
committee. The Committee has formulated policy to
ensure protection to its female employees. During
the financial year under review, no complaint was
received with regard sexual harassment from any
employee of the Company and necessary disclosure
for the same has been submitted to the concerned
Government departments of the respective locations.

g) Unclaimed Dividend

I n terms of applicable provisions of the Companies
Act, 2013 read with the Investors' Education and
Protection Fund Authority (Accounting, Audit,
Transfer and Refund) Rules, 2016 unclaimed
dividend was transferred by the Company to the

Investors' Education and Protection Fund. Further,
the shares pertaining to unclaimed dividend for
seven consecutive years or more were transferred to
the Demat account of IEPF authority during the year
under review.

h) No proceedings are made or pending under the
Insolvency and Bankruptcy Code, 2016 and there is no
instance of one-time settlement with any Institution.

COMPLIANCE MANAGEMENT

Your Company has in place a comprehensive and robust
legal compliance management digital tool, which enables
the management to ensure compliance with all applicable
laws to the Company. Automated alerts are sent to
compliance owners to ensure compliance within the
stipulated timelines.

APPRECIATION AND ACKNOWLEDGEMENT

The Board of Directors places on record its sincere
appreciation for the dedicated efforts and commitment of
the Company's employees at all levels, whose continued
contribution has been instrumental in the Company's
performance. Your Directors also wish to record their
appreciation for an unstinted support of Enkei Corporation,
Japan, our technical collaborators.

Your Directors also thank the customers, supply chain
partners, associates, banks and financial institutions,
governments and regulatory authorities and shareholders
for their steadfast support and cooperation.

On behalf of the Board of Directors,

AJAY NANAVATI

CHAIRMAN
DIN:02370729

Place: Pune

Date: August 13, 2026