On behalf of the Board of Directors, it is our pleasure to present the 79^th Annual Report together with
the Audited Statement of Accounts of Bright Brothers Limited ("the Company") for the year ended
31^st March, 2026.

Financial Performance:

(' in Lakhs)

Financial Performance and Corporate Structure

The Standalone Financial Performance provides details on revenue and expenditure of Bright Brothers
Limited during the period under review i.e. the financial year (FY) 2025-26, whereas, the Consolidated
Financial Performance includes the financial details of its wholly-owned subsidiaries (WOS) namely,
Bright Brothers LLC and Sintex Logistics LLC both incorporated in the state of Delaware, United States
of America. Bright Brothers LLC is the wholly owned subsidiary of Bright Brothers Limited and Sintex
Logistics LLC is the wholly owned subsidiary of Bright Brothers LLC. Therefore, both Bright Brothers
LLC and Sintex Logistics LLC are wholly owned subsidiaries of Bright Brothers Limited as per the
Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements), 2015 (Listing
Regulations).

The Year in Retrospect and Brief description of Company's business during the year

During the FY 2025-26, the Company has recorded growth in its turnover as compared to the previous
year. On a consolidated basis, the revenue from operations increased by ' 3,917.77 lakhs, representing
an increase of 11.66% over the previous year. However, the profits reduced as compared to the
previous year due to increase in input cost and lower realisations. During this year, unforeseen market
conditions, climatic variations, regulatory changes in labour laws and geo-political risks had impact on
the business volume and profitability.

In order to mitigate the impact, the Company implemented various cost optimisation initiatives, which
inter alia included management of price risks, enhancement of operational efficiency, reduction of input
cost and automation of manufacturing processes. Further, the Management also adopted a prudent
and commercially balanced approach while evaluating and pursuing business opportunities.

The details of business operations undertaken by each division of the Company during the FY 2025-26
is provided below:

i. Manufacturing division:

In this year, though there has been an increase in production and sales, the early monsoons, disruptions
in supply chain of raw materials and increase in its prices due to Geo-Political situation had a visible
impact on the manufacturing operations. Several initiatives like optimization of resources, driving
operational efficiency, diversifying product portfolio allowed the Company to maintain profitability in
the uncertain scenario. The Company's strategic business development team, focused manufacturing
team, and dedicated workforce have enabled consistent year-on-year growth in business volume while
also strengthening customer confidence. This was further validated by the Best Supplier award conferred
by one of its customers. Owing to the continued confidence shown by customers, the Company undertook
capital expenditure for capacity expansion and installation of new plant and machinery.

ii. Composite division:

The Composite Division located in Pune achieved a revenue growth on account of continued focus on
the railway business. In order to curb the impact of challenges faced pursuant to the tariffs imposed on
Indian exports into US market, the Company strategically diversified exports to other regions.

Strong engineering capability, consistent high-quality standards of products and fast response time has
enabled the Company to be recognised as a preferred partner for supplying Fibre-Reinforced Plastics
(FRP) and plastic components to Original Equipment Manufacturers (OEMs) of rail vehicles.

iii. Paint shop division:

This division plays a key role in enhancing the value of plastic components by improving their
appearance, durability and surface finish which are critical quality attributes for customers in the
consumer durables segment. In addition, the division has been successful in attracting new customers
for painting services, further strengthening its business growth.

iv. Tooling division:

The tooling business involves the manufacture of tools or moulds primarily used in the injection
moulding process for producing plastic components. Tool manufacturing requires a high level of
expertise and experience. Recognising the need for a strong Tool and Die manufacturing facility in
India, the Company has entered into a strategic tie-up with an overseas tooling consultant. The tooling
division, earlier based at the Faridabad unit, has now been relocated to the newly expanded facility at
Hosur.

v. Haircare division

This division is engaged in the sales and marketing of hair and beauty accessories under its brand
named Divo, catering to the general, wholesale and professional segments of the market. It's products
are widely used by hair stylists, fashion designers, hairdressers, as well as college students and young
working professionals.

During the year, the division enhanced its product portfolio by introducing new ranges of handmade
combs in both cellulose acetate and wooden variants. During the year, the brand also received a strong
market demand for expansion into the beauty electronics category and it is now developing a select
range of products scheduled for launch in the coming year. This new category comprises of hair dryers,
shavers, and trimmers for personal use.

Subsidiary

During the year, the Board of Directors and Audit Committee of the Company have reviewed the
financial statements and minutes of the subsidiaries. In accordance with Section 129(3) of the Companies
Act, 2013 ("the Act"), the Consolidated financial statements have been prepared and they form part
of this Annual Report. A report on the performance and financial position of Subsidiaries has been
provided in Form AOC-1 as per Section 129(2) of the Act and the said form is annexed to this Report.
Presently, the Company does not have a material subsidiary.

Consolidated Financial Statements (CFS)

In accordance with the provisions of the Act, Regulation 33 of the Listing Regulations and applicable
Indian Accounting Standards ("Ind AS"), the audited CFS of the Company for the FY 2025-26, together
with the Auditor's Report forms part of this Annual Report. In accordance with Section 136 of the
Act, the audited financial statements, including the CFS and related information of the Company and
the separate financial statements of its subsidiaries, are available on the Company's website at the
following link: https://brightbrothers.co.in/financial-results/. Any member desirous of inspecting or
obtaining copies of the audited financial statements, including the CFS may write to the Company
Secretary at invcom@brightbrothers.co.in.

Outlook for the Current Financial Year 2026-27

Being a pioneer in the plastic industry, the Management is committed to continue with its legacy of
providing quality products and achieving customer satisfaction. This will give an opportunity to attract
more business from customers. In an effort to de-risk and have customers from diverse segments, the
Management is focusing on adding new customers from the Automotive sector with a requirement of
Painted Parts, which can give better margins. Based on the good experience the Company had while
providing plastic components for two-wheeler Electronic Vehicles (EV), the Company is exploring
opportunities to target customers from the Automotive sector. Further, with regard to the Composite
business, the Company has set its plan to diversify it's business domestically and globally by supplying
components for buses and off-highway vehicles in addition to the Railway segment.

As regards the Divo brand, it continues to pursue its objective of widening market reach by developing
a curated product catalogue featuring distinctive and specially designed offerings unique to the
brand. Furthermore, the division is strengthening its business through private-label arrangements by
supplying products to companies that market them under their own brand names.

Material changes and commitments, if any, affecting the financial position of the Company which
have occurred between the end of the financial year till the date of report

There are no material changes and commitments affecting the financial position of the Company which
have occurred between the end of the FY 2025-26 and the date of this report. There has been no change
in the nature of business of the Company during the financial year.

Revision in financial statements and Board's Report, if any, for the preceding financial years

There was no revision of financial statements and Board's Report of the Company for the preceding
financial years, during the year under review.

Directors and Key Managerial Personnel

Board of Directors

The Company maintains a diverse Board and firmly believes that a broad range of perspectives
and experiences contributes significantly to its strategic direction and overall success. The Board of
Directors comprises of Mr. Suresh Bhojwani, Chairman and Managing Director, (DIN: 00032966)
Mrs. Devika Bhojwani, Whole-time Director, (DIN:08355381), Mr. Karan Bhojwani, Whole-time Director
(DIN: 06423542), Mr. Anil Kumar Bhandari, Independent Director, (DIN:00031194) Mr. K. Viswanath,
Independent Director (DIN:00547132) and Mr. Indru Advani, Independent Director (DIN:02036028).

i. Retirement by rotation and subsequent re-appointment

In accordance with the provisions of Section 152 and other applicable provisions of the Companies
Act, 2013, Mrs. Devika Bhojwani, Whole-time Director (DIN 08355381) of the Company is liable
to retire by rotation at the forthcoming Annual General Meeting and being eligible, offers herself
for re-appointment. Pursuant to the Listing Regulations and Secretarial Standard - 2 issued by
Institute of Company Secretaries of India (ICSI), the details pertaining to her re-appointment are
contained in the accompanying Notice convening the ensuing Annual General Meeting ("AGM")
of the Company.

ii. Re-appointment of Mr. Karan Bhojwani as Whole-time Director

Mr. Karan Bhojwani (DIN 06423542) was appointed as Whole-time Director of the Company w.e.f.
1^st April, 2022 for a period of five years expiring on 31^st March, 2027. During his tenure, he led
the Company's overall business operations both domestically and internationally. The Board of
Directors, upon seeking recommendation from the Nomination and Remuneration Committee
and Audit Committee at their respective meetings held on 12^th May, 2026, has considered his
re-appointment as Whole-time Director for a further period of five years, subject to the approval of
members of the Company at the ensuing AGM. Pursuant to the provisions of the Companies Act,
2013 and the Listing Regulations, a resolution seeking members' approval for the re-appointment
of Mr. Karan Bhojwani as Whole-time Director forms part of the Notice convening the AGM.

iii. Re-appointment of Mr. K. Vishwanath as Independent Director

Mr. Kuchimanchi Vishwanath (DIN 00547132) was appointed as Independent Director of the
Company w.e.f. 27^th May, 2022 for a period of five years expiring on 26^th May, 2027. During
his tenure he has guided the Company on matters relating to audit, governance and overall
business development of the Company. The Board of Directors, upon seeking recommendation
from the Nomination and Remuneration Committee has considered re-appointment of
Mr. Kuchimanchi Vishwanath (DIN: 00547132) as Independent Director for the second term of
five years commencing from 27^th May, 2027 upto 26^th May, 2032. Pursuant to the provisions of the
Companies Act, 2013 and the Listing Regulations, a resolution seeking members' approval for the
re-appointment of Mr. Kuchimanchi Vishwanath as an Independent Director forms part of the
Notice convening the AGM.

iv. Key Managerial Personnels

Mr. Suresh Bhojwani, Chairman and Managing Director, Mr. Karan Bhojwani, Whole-time
Director, Mrs. Devika Bhojwani, Whole-time Director, Mr. Chirag Shah, Chief Financial Officer
and Mrs. Sonali Pednekar, Company Secretary and Compliance Officer are Key Managerial
Personnels of the Company.

Transfer to Reserves

The Company does not propose to transfer any profits to its reserves and the entire amount of profit
for the FY 2025-26 forms part of Retained Earnings.

Dividend

Your Directors are pleased to recommend a dividend @ 20% (i.e.' 2 per Equity Share) on 56,80,235
Equity Shares of ' 10 each for the FY ended 31^st March, 2026. The said dividend, if approved by the
members, would involve a cash outflow' 11.36 lakhs. The dividend will be paid subject to the approval
of members of the Company at the ensuing Annual General Meeting to those members whose names
appear as Beneficial Owners in the list of furnished by National Securities Depository Limited (NSDL)
and Central Depository Services (India) Ltd. (CDSL) and whose names appear as a member in the
Register of Members of the Company as on the record date 11^th September, 2026.

As per the Income Tax Act, 1961, dividends paid or distributed by the Company shall be taxable in
the hands of the shareholders. Accordingly, the Company makes the payment of the dividend after
deduction of tax at source.

Share Capital

The paid-up Equity Share Capital as on 31^st March, 2026 was ' 568.02 lakhs. During the year under
review, the Company has not issued any shares.

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 accompanying the financial statements.

Fixed Deposits

Your Company has not accepted any deposits from public and its members during the FY 2025-26.
There has been no deposit which was unpaid or unclaimed as at the end of the year. There has not been
any default in repayment of deposits or payment of interest thereon during the year. The Company is
holding deposits of ' 58 lakhs from its Directors as on 31^st March, 2026.

Related party transactions

All transactions with related parties during the FY 2025-26 were on arm's length basis and in the
ordinary course of business. As per the provisions of Section 188 of the Companies Act, 2013, the
required disclosure in Form AOC-2 is annexed to this Report. The details of transaction are provided
in Note No. 55 of the Standalone Notes to Accounts and Note No. 52 of the Consolidated Notes to
Accounts. Further, there are no material related party transactions during the year under review with
the Promoters, Directors and Key Managerial Personnel.

All Related Party Transactions are placed before the Audit Committee and also before the Board for
approval. Omnibus approval is obtained for transactions which are repetitive in nature. A statement
giving details of all the transactions entered into pursuant to omnibus approval are placed before the
Audit Committee and Board for review. Directors who have direct or indirect interest in a transaction
are required to disclose such interest and abstain themselves from participating in discussions and
voting on the relevant agenda item.

The Statutory Auditors review the related party transactions as part of the statutory audit process. This
ensures compliance with applicable regulatory and relevant accounting standards.

The policy on Related Party Transactions as approved by the Board of Directors has been uploaded
on the website of the Company at the following link: https://brightbrothers.co.in/wp-content/
uploads/2026/01/RPT-Policy-V3-13112025.pdf.

Insurance

All the assets of the Company are fully insured against major risks.

Unsecured Loan

During the year under review, there is outstanding unsecured loan of ' 235 lakhs as on 31^st March, 2026.
Internal financial controls

The internal financial controls with reference to the Financial Statements are commensurate with the
size and nature of business of the Company. The Company has appointed Internal Auditors who
periodically audit the adequacy and effectiveness of the internal controls laid down by the Management
and suggest improvements. The Audit Committee periodically approves the audit reports and
implements the suggestions, if any, given by the Auditors. Based on the framework of internal financial
controls and compliance systems established and maintained by the Company, the work performed by
the internal, statutory and secretarial auditors, the Board is of the opinion that there is an existence of
proper systems to ensure compliance with the provisions of applicable laws and Company's internal
financial controls were adequate, efficient and effective during FY 2025-26.

Significant and material orders passed by the Regulators

During the year under review, no significant and material orders were passed by the Regulators or
Courts or Tribunals impacting the going concern status and Company's operations.

Directors' Responsibility Statement

Pursuant to the requirement of clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013,
your Directors confirm that:

(a) in the preparation of the annual accounts, the applicable accounting standards have been followed
along with proper explanation relating to material departures;

(b) the Directors 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;

(c) 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;

(d) the Directors have prepared the annual accounts on a going concern basis;

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

(f) the Directors have devised proper systems to ensure compliance with the provisions of all
applicable laws and that such systems are adequate and operating effectively.

Management Discussion and Analysis

Management Discussion and Analysis of the financial conditions and result of operations of the
Company for the period under review as required under Regulation 34(2)(e) of the Listing Regulations
is annexed to this Report.

Corporate Governance

A separate report on Corporate Governance is annexed to this Report. As required by Schedule V of the
Listing Regulations, the Auditor's Certificate on Corporate Governance received from our Statutory
Auditor forms part of this Annual Report.

Meetings of the Board and its Committees

During the year 2025-26, the Board met five times on 10^th May, 2025, 12^th August, 2025, 26^th September,
2025, 13^th November, 2025 and 11^th February, 2026. The gap between two meetings did not exceed
120 days. The details of the Board meetings and various Committee meetings have been mentioned in
the Report of Corporate Governance annexed to this Report.

Committees

As on 31^st March, 2026, the Board has three Committees namely, Audit Committee, Nomination
and Remuneration Committee and Stakeholders Relationship Committee. During the year,
all recommendations of the Committees of the Board have been accepted by the Board.

A detailed note on the composition of the Board and its Committees, meetings held during the year
and its terms of reference is provided in the Corporate Governance Report forming part of this Annual
Report. The composition and terms of reference of all the Committees of the Board of Directors of the
Company is in line with the provisions of the Act and the Listing Regulations.

Corporate Social Responsibility

The brief outline of the Corporate Social Responsibility (CSR) Policy of the Company and the initiatives
undertaken by the Company on CSR activities during the year in the format prescribed in the Companies
(CSR Policy) Rules, 2014 is annexed to this Report. The Policy is available on Company's website at the
following link: https://brightbrothers.co.in/wp-content/uploads/2025/06/CSR-policy.pdf.

Annual Return

Pursuant to Section 92(3) of the Companies Act, 2013, the Annual Return in Form MGT-7 as on
31^st March, 2026, is available on Company's website at www.brightbrothers.co.in.

Statutory Auditors

M/s. GMJ & Co, Chartered Accountants (Firm Registration No. 103429W) were appointed as the
Statutory Auditors of the Company for a period of five years at the Annual General Meeting (AGM)
of the Company held on 24^th August, 2022, to hold office from the conclusion of the 75^th AGM till the
conclusion of the 80^th AGM to be held in the year 2027.

Report of the Statutory Auditors and Notes to Financial Statements

The Report of the Statutory Auditors alongwith notes to Schedules is enclosed to this report. There has
been no qualification, reservation, adverse remark or disclaimer given by the Auditors in their Report.
The observations made in the Auditor's Report are self-explanatory and therefore, do not call for any
further comments. There are no instances of fraud reported by the Auditors.

Cost Audit

Pursuant to Section 148 of the Companies Act, 2013 read with the Companies (Cost Records and Audit)
Rules, 2014 as amended from time to time, your Company conducts a Cost Audit for the financial year
ending on 31^st March, 2026.

The Board of Directors, on recommendation of the Audit Committee, has appointed M/s. Joshi Apte
and Associates, Cost Accountants, Registration no. 000240 as Cost Auditor to audit the cost accounts
of the Company for the financial year 2026-27 at a remuneration of ' 2,50,000/- plus tax as applicable
and reimbursement of out-of-pocket expenses. As required under Companies Act, 2013, a resolution
seeking members' approval for the remuneration payable to the Cost Auditor forms part of the Notice
convening Annual General Meeting.

Secretarial Audit

In terms of Section 204 of the Act and Rules made there under, Ms. Purnima Shetty, Practicing
Company Secretary (Registration no. FCS-9089, COP-14933) has been appointed Secretarial Auditor
of the Company at the AGM held on 25^th August, 2025 for a period of 5 consecutive financial years
commencing from upon 1^st April, 2025 upto 31^st March, 2030. The report of the Secretarial Auditor for
the FY 2025-26 is enclosed herewith.

The Report is self-explanatory and does not call for any further comments. It does not contain any
qualification, reservation or adverse remark.

Annual Secretarial Compliance Report

The Company has undertaken an audit for the FY 2025-26 for all applicable compliances as per SEBI
Regulations and Circulars/Guidelines issued thereunder. The Annual Secretarial Compliance Report
duly signed by Ms. Purnima Shetty, Practicing Company Secretary has been submitted to the Stock
Exchange and is annexed to this Report.

Whistle Blower Policy

Pursuant to the requirement of the Act, the Company has approved its Whistle Blower Policy which
is also called as vigil mechanism. It is uploaded on website of the Company at the following link:
https://brightbrothers.co.in/wp-content/uploads/2026/01/Whistle-Blower-Policy-26Sept2025.pdf

This mechanism enables Directors and employees to report concerns about unethical behaviour,
actual or suspected fraud or violation of the Company's code of conduct or ethics policy. Till date, the
Company has not received any complaint or disclosure under the Whistle Blower Policy.

Risk Management Policy

The Company has developed and implemented the Risk Management Policy.

The Company considers ongoing risk management to be a core component of the Management of
the Company and understands that the Company's ability to identify and address risk is central to
achieving its corporate objectives.

The policy is in compliance with Listing Regulations and provisions of the Companies Act, 2013 which
requires the Company to lay down procedures about risk assessment and risk minimization.

Declaration by Independent Directors

Mr. Anil Kumar Bhandari, Mr. Kuchimanchi Viswanath and Mr. Indru Advani are Independent
Directors on the Board of your Company. In the opinion of the Board and as confirmed by these Directors,
the Independent Directors fulfil the conditions specified in Section 149 of the Act and the Rules made
thereunder and Regulations 16(1)(b) of Listing Regulations about their status as Independent Directors
of the Company. Further, the Independent Directors have complied with the Code for Independent
Directors prescribed in Schedule IV to the Act and also the Code of Conduct for Directors and senior
management personnel formulated by the Company.

The Independent Directors of the Company have registered themselves with the Indian Institute
of Corporate Affairs, Manesar ('IICA') as required under Rule 6 of Companies (Appointment and
Qualification of Directors) Rules, 2014.

There has been no change in the circumstances affecting their status as Independent Directors of the
Company. During the year under review, the Independent Directors of the Company had no pecuniary
relationship or transactions with the Company, other than sitting fees, reimbursement of expenses
incurred by them for the purpose of attending meetings of the Board/Committees of the Company and
payment of profit related commission.

Further, in the opinion of the Board, the Independent Directors also possess the attributes of integrity,
expertise and experience as required to be disclosed under Rule 8(5)(iiia) of the Companies (Accounts)
Rules, 2014.

Company's Policy on Appointment and Remuneration

The objective of Appointment and Remuneration Policy is to attract, motivate and retain qualified and
expert individuals that the Company needs in order to achieve its strategic and operational objectives,
whilst acknowledging the societal context around remuneration and recognizing interest of stakeholders.
The Board's approved policy is available on the website of the Company at the following link:
https://brightbrothers.co.in/wp-content/uploads/2025/06/Nomination-and-Remuneration-policy.pdf

Formal Annual Evaluation by the Board of its own performance and that of its Committees and
individual Directors

Pursuant to the provisions of the Companies Act, 2013 and Listing Regulations, a structured questionnaire
was prepared after taking into consideration the various aspects of the Board's functioning, composition
of the Board and its Committees. The evaluation process inter alia considers attendance of Directors at
Board and Committee meetings, participation at meetings, domain knowledge, cohesion at the Board's
meetings, awareness, observance of governance, etc.

The Board carried out performance evaluation of the Board, Board committees, individual Directors
and Chairperson.

Familiarisation programme

The Company has put in place an induction and familiarization programme for all its Directors including
the Independent Directors. The familiarization programme for Independent Directors in terms of
provisions of Regulation 46(2) of Listing Regulations is uploaded on the website of the Company at the
following link: https://brightbrothers.co.in/wp-content/uploads/2025/07/Terms-and-appointment-
and-familiarisation-programme-of-Independent-Directors.pdf. Further, the business and operations of
the Company are informed to the Independent Directors in detail during every Board Meeting of the
Company.

Transfer of Unclaimed dividend and underlying shares to Investor Education and Protection Fund
(IEPF)

In accordance with the applicable provisions of Companies Act, 2013 read with Investor Education and
Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016 ("IEPF Rules"), all unclaimed
dividends are required to be transferred by the Company to the IEPF, after completion of seven (7) years.
Further, according to IEPF Rules, the shares on which dividend has not been claimed by the members
for seven (7) consecutive years or more shall be transferred to the demat account of the IEPF Authority.
During the financial year 2025-26, the Company had transferred ' 2.03 lakhs to IEPF as unclaimed
dividend relating to financial year 2017-18. Further, the Company has transferred 6,877 equity shares
of the Company to IEPF as the members had not claimed dividend on those shares for the consecutive
period of seven years.

The details of total amount lying in Unpaid Dividend Account of the Company and the date on which
it is due for transfer is provided below:

Pursuant to the provisions of IEPF Rules, the Company has filed the necessary forms and uploaded
the required details and these details are also available on the Website of the Company viz.
www.brightbrothers.co.in.

Members are requested to claim the dividend(s), which have remained unclaimed/unpaid, by
sending a written request to the Nodal Officer of the Company or to the Company's Registrar and
Transfer Agent MUFG Intime India Pvt. Ltd. The contact details are available at the following link
https://brightbrothers.co.in/contact-details-for-investors/.

Equity shares in Unclaimed Suspense Account under Regulation 39 and Schedule VI of Listing
Regulations

The details of Equity shares in Unclaimed Suspense Account under Regulation 39 and Schedule VI of
Listing Regulations are as follows:

The voting rights on the above shares shall remain frozen till the rightful owner of such shares claims
the shares.

Compliance with Secretarial Standards issued by the Institute of Company Secretaries of India

The Company has complied with the Secretarial Standards issued by the Institute of Company
Secretaries of India on Meetings of the Board of Directors, General Meetings and Dividend.

Particulars of Employees

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 is annexed to this Report.

None of the employees of the Company are falling under the criteria as set out in Rule 5(2) of Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 regarding remuneration.

Human Resources (HR)-Empowering Growth as a Strategic Business Partner

The Human Resources function continues to evolve beyond its traditional boundaries, shaping
a workplace environment that is not only productive but also enriches every member of the Bright
family. In alignment with this, the HR Team focuses on cultivating a culture where work itself becomes
a source of satisfaction, engagement and pride.

It actively integrates the fresh perspectives and technological agility of the young generation while
simultaneously honouring and leveraging the wisdom and experience of the seasoned workforce. This
balanced approach enables us to build a resilient, forward-looking organization.

The HR Team strives to remain updated with labour laws, employee engagement, workplace culture
trends and other HR related initiatives. Overall, it has consistently enabled and supported both
employees and business objectives effectively.

Compliance with Sexual Harassment of Women at Workplace (Prevention, Prohibition and
Redressal) Act, 2013 and Maternity Benefit Act, 1961

The Company has formulated a policy on Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013. It extends to all employees and includes trainees, apprentice
and contractor's staff. The Internal Complaints Committees constituted at every manufacturing unit of
the Company includes internal members as well as one external independent member to address the
complaints fairly. The Committee members conduct regular awareness sessions to sensitive the entire
staff regarding the policy. During the year under review, no complaints were filed under the said Act.
Further, the Company has complied with the provisions of Maternity Benefit Act, 1961.

Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo

The details as required under Section 134 of the Companies Act, 2013 read with the Companies
(Accounts) Rules, 2014 are provided below.

A. Conservation of Energy:

The steps taken by the Company for utilising alternate source of energy:

• The Company continuously upgrades its machinery by installing servo drives and Variable
Frequency Drives (VFDs) and replacing inefficient equipment with energy-efficient
technologies to enhance operational efficiency and reduce power consumption.

• Mould and machine downtime are maintained through scheduled preventive maintenance
and predictive maintenance techniques.

• Replacement of conventional pumps with power saving pumps.

• Infra-red heaters are installed for power efficiency and reduced heat emission.

• Shift wise power consumption monitoring done for better energy consumption.

• Monitor the power factor on a daily basis to prevent hidden energy losses and ensure
efficient utilization of electrical power.

• Installation of automatic cut-off systems for shop floor lighting.

• Installation of solar panels on roof-top of the manufacturing units.

• Steps to identify and implement opportunities to Reduce, Reuse and Recycle natural
resources.

B. Technology Absorption, Adaptation and Innovation:

• Improving the output/ input ratio to gain maximum finished products from per kg raw
material.

• Modify the mould and dies to improve the cycle time to get higher production from the
same machine.

• To optimise the process parameters to improve the quality.

• No significant expenditure on Research and Development.

• Installation of robots to increase and improve efficiency.

• Installation of turbo ventilation system on roofs which reduces the use of exhaust fans.
Benefits derived from the above:

• Increased output and labour saving.

• Knowledge and skills sharing across Company and taking initiatives for benchmarking the
best practices.

• Fast and efficient production.

• Conservation of natural resources with focus on energy and water management.

• Hygienic and safe operation.

C. Foreign Exchange Earnings and Outgo:

Foreign Exchange Earnings: ' 1,714.33 lakhs
Foreign Exchange Outgo: ' 387.79 lakhs

Other disclosures

Pursuant to the provisions of Companies (Accounts) Rules, 2014, the Company affirms that for the year
ended 31^st March, 2026:

• There are no proceedings, either filed by the Company or against the Company, pending
under the Insolvency and Bankruptcy code, 2016, before the National Company Law
Tribunal or any other Court.

• There was no instance of one settlement with any bank or financial institution.
Acknowledgement

Your Directors place on record their appreciation for employees at all levels who have contributed to
the growth and performance of your Company.

Your Directors also thank the clients, vendors, bankers, members and advisors of the Company for
their continued support.

Your Directors also thank the Central and State Government and other statutory authorities for their
continued support.

For and on behalf of the Board,
BRIGHT BROTHERS LIMITED

Suresh Bhojwani

Chairman & Managing Director
DIN: 00032966

Place : Mumbai
Date : 12^th May, 2026