Your Directors are pleased to present the Fifth (05th) Annual Report of Alphalogic Industries Limited ("the
Company") along with the Audited Standalone Financial Statements for the financial year ended March 31,2025.

Alphalogic Industries Limited - Kev Performance Dashboard

1. FINANCIAL RESULTS

The performance of the Company for the financial year 2024-25 is summarized:

2. OPERATIONS

During the year under review, Revenue from Operations
and Other Income of the Company stood at Rs. 6,359.46
Lacs in comparison to Rs. 4,823.71 Lacs in the previous
year, showing an increase in business activities of the
Company.

The Profit before tax has increased by Rs. 80.69 Lacs
showing Rs. 392.07 Lacs in current year, which leads to
an increase in profit after tax of Rs. 57.88 Lacs showing
Net Profit of Rs. 292.80 Lacs.

3. DIVIDEND

Your Board does not recommend any dividend for the
financial year 31st March 2025 under review and the
profit is ploughed back for the business.

4. AMOUNT TRANSFERRED TO RESERVE

The company has not transferred any amount to any
specific reserve fund during the financial year under
review.

5. CHANGE IN NATURE OF BUSINESS

There was no change in the nature of Business of the
Company during the year under review.

6. DEPOSITS

The Company has not accepted any deposits from
public within the meaning of Section 73 of the
Companies Act, 2013 read with the Companies
(Acceptance of Deposits) Rules, 2014.

7. SHARE CAPITAL

• The authorized share capital of the company as on
31st March 2025 was Rs. 12,00,00,000.00 divided into

1.20.00. 000 equity shares of Rs. 10 each.

• The paid-up share capital of the company as on 31st
March 2025 was Rs. 10,18,92,000.00 divided into
1,01,89,200 equity shares of Rs. 10 each.

• During the year under review, the authorized share
capital of the company has increased from Rs.

11.00. 00.000/- divided into 1,10,00,000 equity shares
of Rs. 10 each to Rs. 12,00,00,000/- divided into

1.20.00. 000 equity shares of Rs. 10 each on 14th
February, 2025.

8. HUMAN RESOURCE & EMPLOYEE RELATIONS

Employee relations were harmonious throughout the
year. The Board wishes to place on record their sincere
appreciation to the co-operation extended by all the
employees in maintaining cordial relations.

9. CORPORATE GOVERNANCE

Since your Company's Equity Shares are listed on the
SME Platform of BSE Limited and therefore, the
provisions of Corporate Governance provisions under
SEBI Listing Regulations are not applicable to the
Company.

10. PREVENTION OF INSIDER TRADING

The Company has adopted a Code of Conduct for
Prohibition of Insider Trading (the 'Code') in accordance
with the requirements of the SEBI (Prohibition of Insider
Trading) Regulations, 2015, with a view to regulate
trading in securities by the Board of Directors and
Employees of the Company, their immediate relatives
and other insiders as defined in the Code. Also, during
the period of closure of the trading window, no
Employee/ Designated Person is permitted to trade with
or without pre-clearance in securities of restricted
companies as informed by the Secretarial Department,
from time to time. Timely disclosures are made to the

Stock Exchanges by the Company. No Employee/
Designated Person is permitted to communicate,
provide, or allow access to any Unpublished Price
Sensitive Information relating to Company, its securities
or any other company (listed or proposed to be listed),
to any person except where such communication is in
furtherance of legitimate purpose, Performance of
duties or discharge of legal obligations. The Company
periodically monitors and facilitates compliance with the
SEBI (Prohibition of Insider Trading) Regulations, 2015.

11. DIRECTORS' RESPONSIBILITIES STATEMENT

To the best of their knowledge and belief, your Directors
make the following statements in terms of Section
134(3) (c) read with Section 134(5) of the Companies
Act, 2013:

i) That in the preparation of the annual accounts for
financial year ended 31st March 2025; the applicable
accounting standards have been followed along with
proper explanation relating to material departures, if
any;

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

iii) That the Directors have taken proper and sufficient
care for the maintenance of adequate accounting
records in accordance with the provisions of this Act for
safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities;

iv) That the Directors have prepared the annual accounts
on a going concern basis;

v) That the Directors have laid down internal financial
controls, which are adequate and are operating
effectively;

vi) That the Directors have devised proper systems to
ensure compliance with the provisions of all applicable
laws and that such systems were adequate and
operating effectively.

12. DIRECTORS AND KEY MANAGERIAL PERSONNEL
a) Retirement by Rotation

Mr. Anshu Subhash Goel, Director of the Company
retires by rotation in accordance with the provisions of
the Articles of Association of the Company and being
eligible to offer himself for re-appointment.

The Board recommends his reappointment.

b) Change in Directors during the year under review:

Mrs. Neha Anshu Goel (DIN 08290823), was appointed
as Additional Non- Executive Non-Independent Director
of the company with effect from 22nd January, 2025.
Subsequently, her appointment was regularized at the
Extra Ordinary General Meeting held on 14th February,
2025.

Mrs. Krina Gandhi (DIN: 09497322), tendered her
resignation from the Board of Directors of the Company
with effect from 22nd January, 2025.

Mrs. Gandhi continues to serve as the Chief Financial
Officer (CFO) of the Company.

Disclosures by Directors

The Directors on the Board have submitted notice of
interest under Section 184(1) i.e., in Form MBP-1 and
declaration as to compliance with the Code of Conduct
of the Company. All Independent Directors have also
given declarations that they meet the criteria of
independence as laid down under Section 149(6) of the
Act. Details of the proposal for appointment/re-
appointment of Directors are mentioned in the Notice of
the Annual General Meeting.

13. SUBSIDIARIES, JOINT VENTURES AND
ASSOCIATES

Your Company does not have any Subsidiaries, Joint
Ventures and Associate Companies as at the end of
financial year 2024-25.

14. NUMBER OF MEETINGS OF THE BOARD

Eight Meetings of the Board of Directors were held
during the financial year 2024-25:

The intervening gap between any two Meetings was
within the period prescribed under the Companies Act,
2013.

Separate Meeting of Independent Directors:

As stipulated by the Code of Independent Directors
under the Companies Act, 2013; a separate meeting of
the Independent Directors of the Company was held on
January 22, 2025 to review the performance of Non¬
Independent Directors and the entire Board. The
Independent Directors also reviewed the quality,
contents and timeliness of the flow of information
between the Management and the Board and its'
Committees which is necessary to effectively and
reasonably perform and discharge their duties.

15. NUMBER OF MEETINGS OF THE SHAREHOLDERS

16. CODE OF CONDUCT

The Company has laid down a code of conduct for all
Board members and Senior Management and
Independent Directors of the Company. All the Board
members including Independent Directors and Senior
Management Personnel have affirmed compliance with
the code of conduct.

17. BOARD EVALUATION

Pursuant to the provisions of the Companies Act, 2013,
the evaluation of all the directors and the Board as a
whole was conducted based on the criteria and
framework adopted by the Board. The performance
evaluation of the Independent Directors was carried out
by the entire Board. The performance evaluation of the
Non-Independent Directors and Board as a whole was
carried out by the Independent Directors. The Directors
expressed their satisfaction with the evaluation process.

18. COMMITTEES OF THE BOARD

As on March 31,2025, the Board had Four committees:
the audit committee, the nomination and remuneration
committee, the stakeholders' relationship committee
and the management committee. The committees
consist of optimum number of independent directors as
required under the Companies Act 2013 and the SEBI
(LODR) Regulations, 2015.

A. Composition of Audit Committee

The Board of Directors in its meetings held on May 18,
2023, constituted an Audit Committee in compliance
under Section 177 of the Companies Act, 2013, read
with rule 6 of the Companies (Meetings of Board and its
Powers) Rules, 2014, with the following members:

*Company Secretary will act as the Secretary to the
Committee.

During the year under review, eight meetings of the
Audit Committee were held on 06th May, 2024, 22nd
May, 2024, 14th August 2024, 03rd September, 2024,
24th October, 2024, 12th November 2024, 22nd
January, 2025 and 24th January 2025.

B. Composition of Nomination and Remuneration
Committee

The Board of Directors in its meetings held on May 18,
2023, constituted a Nomination and Remuneration
Committee in compliance under Section 178 of the
Companies Act, 2013, read with rule 6 of the Companies
(Meetings of Board and its Powers) Rules, 2014, with the
following members:

*Company Secretary will act as the Secretary to the
Committee.

During the year under review, two meetings of the
Nomination and Remuneration Committee were held on
06th May, 2024 and 24th October, 2024.

C. Composition of Stakeholders Relationship
Committee

The Board of Directors in its meetings held on May 18,
2023, constituted a Stakeholders Relationship
Committee in compliance under Section 178 of the
Companies Act, 2013, read with rule 6 of the Companies
(Meetings of Board and its Powers) Rules, 2014, with the
following members:

*Company Secretary will act as the Secretary to the
Committee.

During the year under review, one meetings of the
Stakeholders Relationship Committee were held on
22nd January, 2025.

D. Composition of Management Committee

The Board of Directors in its meetings held on
September 26, 2020, constituted a Management
Committee in compliance with the provision of Section
179 of Companies Act, 2013.

During the year under review, Four meetings of the
Management Committee were held on 06th May, 2024,
22nd May, 2024, 14th August 2024, 03rd September,
2024, 24th October, 2024, 12th November 2024, 22nd
January, 2025 and 24th January 2025.

The Board has adopted policies and procedures for
ensuring the orderly and efficient conduct of its
business, including adherence to the Company's
policies, safeguarding of its assets, prevention and
detection of fraud, error reporting mechanisms,
accuracy and completeness of the accounting records,
and timely preparation of reliable financial disclosures.

19. PARTICULARS OF LOANS, GUARANTEES OR
INVESTMENTS

Details of Loans, Guarantees and Investments covered
under the provisions of Section 186 of the Companies
Act, 2013 are given in the Notes to the Financial
Statements.

20. RELATED PARTY TRANSACTIONS

All Related Party Transactions that were entered into
during the Financial Year 2024-25 were on Arm's Length
Basis and were in the Ordinary Course of business.
There were no materially significant Related Party
transactions made by the Company with Promoters,
Directors, Key Managerial Personnel or other designated
persons which may have a potential conflict with the
interest of the Company at large. Particulars of contracts
or arrangements with related parties referred to in
Section 188(1) of the Companies Act, 2013, in the
prescribed Form AOC- 2, is appended as "Annexure A"
to the Board report.

21. MATERIAL CHANGES AND COMMITMENT
BETWEEN THE END OF FINANCIAL YEAR AND DATE
OF THE BOARD REPORT

There were no Material Changes and Commitment
Between the end of Financial Year and Date of the Board
Report.

22. CONSERVATION OF ENERGY, TECHNOLOGY
ABSORPTION AND FOREIGN EXCHANGE
EARNINGS/ OUTGO

The provisions of Section 134(3) (m) of the Companies
ACT, 2013 in respect of conservation of energy and
technology absorption do not apply to the Company.
Accordingly, these particulars have not been provided.
There was no foreign exchange inflow or outflow.

23. PARTICULARS OF THE EMPLOYEES AND
RELATED DISCLOSURES

None of the employee has received remuneration
exceeding the limit as stated in Rule 5(2) of the
Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014. Disclosure
pertaining to remuneration and other details as required
under Section 197(12) of the Companies Act, 2013 read
with rule 5(1) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules 2014, are
given in the "Annexure B" forming part of this report.

24. POLICY ON DIRECTORS' APPOINTMENT AND
REMUNERATION

The policy on Directors' Appointment and Remuneration
including criteria for determining qualifications, positive
attributes, independence of a director and other matters
provided under sub- section (3) of Section 178 of the
Companies Act, 2013, adopted by the Board, is placed
on website of the company at
www.alphalogicindustries.com.

25. VIGIL MECHANISM / WHISTLE BLOWER POLICY

In terms of Section 177(9) and Section 177(10) of the Act
the Board of Directors of the Company adopted a
Whistle Blower Policy/Vigil Mechanism inter alia to
provide a mechanism for Directors and Employees of
the Company to approach the Internal Complaint
Committee and to report instances of unethical
behavior, actual or suspected, fraud or violation of the
Company's Code of Conduct and other genuine
concerns related to the Company and provide for
adequate safeguards against victimization of Director(s)
or employee(s) who report genuine concerns under the
mechanism.

26. ANNUAL RETURN

The Annual Return of your Company as on March 31,
2025, in the Form MGT-7 in accordance with Section
92(3) and 134(3)(9) of the Act as amended from time to
time and the Companies (Management and
Administration) Rules, 2014 available on company's
website at www.alphalogicindustries.com.

27. MANAGEMENT DISCUSSION AND ANALYSIS
REPORT

Pursuant to Regulation 34 (2) (e) read with Para B of
Schedule V of the SEBI Listing Regulations, the
Management Discussion and Analysis Report forms part
of this Report and is enclosed herewith as

"Annexure - C".

28. DECLARATION BY INDEPENDENT DIRECTORS

The Company has received necessary declaration from
each independent director under Section 149(7) of the
Companies Act, 2013, that he/she meets the criteria of
independence laid down in Section 149(6) of the
Companies Act, 2013 and Regulation 16(1)(b) and 25 of
SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.

29. RISK MANAGEMENT POLICY

Pursuant to Section 134 (3) (n) of the Companies Act,
2013, the Board of the Company has formed a Risk
Management Policy for the Company to identify
elements of risk and monitor the Risk and establish
control.

30. CORPORATE SOCIAL RESPONSIBILITY (CSR)

The Company has not developed and implemented any
Corporate Social Responsibility initiatives as the said
provisions are not applicable to the Company.

31. AUDITORS & AUDITORS' REPORT

The Board has Appointed M/s. Patki & Soman, Chartered
Accountants, (FRN: 107830W) as Statutory auditor of the
company to hold office until the conclusion of 6th
Annual General Meeting (AGM) of the Company.

The Company has received a certificate of eligibility
from the statutory auditors in accordance with the
provisions of Section 141 of the Act. Further, the notes
referred to by the Auditors in their Report are self¬
explanatory and hence do not require any explanation.

32. SECRETARIAL AUDITOR AND THEIR REPORT

The Company had appointed Mrs. Anuradha Acharya,
Practicing Company Secretary, as a Secretarial Auditor of
the Company, according to the provision of section 204
of the Companies, Act 2013 read with rules for
conducting Secretarial Audit of Company. The Report of
the Secretarial Audit is annexed herewith as "Annexure
D".

33. INTERNAL AUDITOR AND THEIR REPORT

The Internal Audit function provides an independent
view to the Board of Directors, the Audit Committee and
the senior management on the quality and impact of
Internal Controls, Internal Control systems and
processes. The Company has appointed Mr. Anand
Acharya, Practicing Company Secretary, Raipur, as an

Internal Auditor of the company according to the
provision of section 138 of the Companies, Act 2013
read with rule 13 of Companies (Accounts) Rules, 2014
for conducting Internal Audit of Company for the
financial year 2024-25. The Board and Audit Committee
periodically reviews the Internal Audit Reports and the
adequacy and effectiveness of the internal controls.
Significant Audit observations, corrective and preventive
actions thereon are presented to the Board and
Committee on a quarterly basis.

34. REPORTING OF FRAUDS BY AUDITORS

During the year under review, the statutory auditors has
not reported to the Board, under Section 143 (12) of the
Companies Act, 2013, any instances of fraud committed
against the Company by its officers or employees, the
details of which would need to be mentioned in the
Board's report.

35. SIGNIFICANT AND MATERIAL ORDERS

There are no significant and material orders passed by
the regulator or courts or tribunals impacting the going
concern status of the Company and future operations.

36. SECRETARIAL STANDARDS

The Directors state that the applicable secretarial
standards i.e., SS-1 and SS-2, relating to 'Meeting of the
Board of Directors' and 'General Meeting', respectively,
have been duly followed by the Company.

37. INVESTOR EDUCATION AND PROTECTION FUND
(IEPF)

During the year under review, the provision of section
125(2) of Companies Act, 2013 does not apply as the
company was not required to transfer any amount to the
Investor Education Protection Fund (IEPF) established by
Central Government of India.

38. DETAILS OF DIFFERENCES 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 ALONG WITH THE
REASONS THEREOF:

Your company had not made any one-time settlement
with any of its lenders.

39. DETAILS OF APPLICATIONS MADE OR ANY
PROCEEDING PENDING UNDER THE INSOLVENCY
AND BANKRUPTCY CODE 2016:

There were no applications made during the financial
year 2024-25 by or against the company and there are
no proceedings pending under the Insolvency and
Bankruptcy Code 2016.

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

In accordance with the requirements of the Sexual
Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013 ("POSH Act") the
Company as a Policy with zero tolerance for any
misconduct related to sexual harassment of women at
workplace. During the year under review, there were no
complaints received under the Sexual Harassment of
Women at Workplace (Prevention, Prohibition and
Redressal) Act, 2013.

Details of the number of complaints received, disposed
and pending during the last three financial years
pertaining to the sexual harassment of women at
workplace are as under:

41. COMPLIANCE ON MATERNITY BENEFIT ACT,
1961:

The Company has complied with the applicable
provisions of Maternity Benefit Act, 1961 for female
employees of the Bank with respect to leaves and
maternity benefits thereunder.

41. DISCLOSURES

Your Company has always believed in providing a safe
and harassment free workplace for every individual
working in company's premises through various
interventions and practices. The Company always
endeavors to create and provide an environment that is
free from discrimination and harassment including
sexual harassment and for this purpose the company
has in place a robust policy, aiming to obtain the
complaints, investigate and prevent any kind of
harassment of employees at all levels. For the current
financial year end, no complaint was received by the
company.

42. ACKNOWLEDGEMENTS

The Directors wish to convey their appreciation to all of
the employees of the Company for their stupendous
efforts as well as their collective contribution during the
year. The Directors would also like to thank the
shareholders, customers, suppliers, bankers and all
other business associates and the Government
authorities for their continuous support given to the
Company and their confidence in the management.

By order of the Board of Directors
For Alphalogic Industries Limited

Vedant Goel
Managing Director
DIN:08290832

Montubhai Gandhi
Director & CEO
DIN:07352079

Place: Pune
Date: 30.08.2025