Your Directors have pleasure in presenting their 30^th Annual Report of the business and operations of the Company along with
the Audited Financial Statement of Accounts for the Financial Year Ended 31^st March, 2025.

1. FINANCIAL PERFORMANCE

Your Company’s financial performance during the year is summarized below:

2. PERFOMANCE, PROSPECTS AND OUTLOOK

The Company has achieved a sales turnover of Rs. 14358.58 as compared to Rs. 12594.26 for the previous year. The Total
Comprehensive Income for the year of the Company is Rs. 511.27 as compared to income of Rs. 480.64 for the previous year.

The Company has started the production of automotive tyres (both Tubeless and Tube type) from mopeds to Giant Vehicles
including the manufacturing of tyres for two, three-wheeler and agriculture segments in their existing plant with the addition of
new machineries.

3. INDIAN ACCOUNTING STANDARDS

The financial statements have been prepared in accordance with the Indian Accounting Standards (Ind-AS) as notified by
Ministry of Corporate Affairs (MCA) under Section 133 of the Companies Act, 2013 read with the Companies (Indian
Accounting Standards) Rules,2015 as amended and other relevant provisions of the Act.

4. DIVIDEND

After reviewing the financial results, The Company did not pay any dividend during the financial year.

As per Regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, top 1000 listed
entities based on market capitalization are required to formulate a Dividend Distribution Policy. However, your company does
not fall under the purview of above regulation and hence this regulation does not apply to the Company.

5. TRANSFERS TO RESERVES

The Board of Directors of the Company has decided to retain the entire amount of profits in the Reserve and Surplus Account and
not to transfer any amount to the General Reserve. The General Reserve of the Company stood at 2335.94 Lakhs as at
31.03.2025.

6. SHARE CAPITAL

During the year under review, the Authorized Share Capital of the Company is Rs. 102000000 (Ten Crore Twenty Lakh); Issued,
Subscribed and Paid-up Share Capital of the Company is Rs. 100298920 (Ten Crore Two Lakh Ninty Eight Thousand Nine
Hundred Twenty).

Authorized Share Capital (2024-25):

The Authorized Share Capital of the Company as on 31^st March, 2025 stood at Rs. 102000000/- divided into 10200000 Equity
Shares of Rs. 10/- each.

Issued, Subscribed and Paid-up Capital (2024-25):

The Issued, Subscribed and Paid-up Capital of the Company as on 31^st March, 2025 stood at Rs.100298920/- divided into
10029892 Equity Shares of Rs.10/- each.

During the year under review there was neither any issue of Equity Shares with differential rights as to dividend, voting or
otherwise nor grant of any stock options or sweat equity under any scheme.

7. DIRECTORS AND KEY MANAGERIAL PERSONNEL

Appointment/Reappointment/Resignation of Board of Directors/Key Managerial Personnel

Directors

Resignation:

During the year under review, Mr. Tarundeep Singh (Independent Director) has resigned from their place in the Company w.e.f
23^rd September,2024.

Appointment:

During the F. Y. 2024-25following appointments/ re-appointment were made:

During the year under review, Ms. Jaspreet Kaur (Independent Director) has been appointed in the Company w.ef 19^th August,
2024

Women Director

In terms of the provisions of Section 149 of the Companies Act, 2013, your Company has Ms. Gurpreet Kaur, Mrs. Ratinder
Kaur, Ms. Jaspreet Kaur and Ms. Amandeep Kaur as Woman Directors on the Board as on March 31, 2025.

Retirement by Rotation:

In accordance with the provisions of the Articles of Associations and Section 152(6) of the Companies Act, 2013, Mr. Surinder
Pal Singh (DIN: 00942870), Managing Director (Executive Director) of the Company will retire by rotation at the ensuing annual
general meeting. He being eligible has offered for re-appointment on the Board.

During the year 2023-24 Mr. Ratinder Kaur (DIN: 00944751), Whole Time Director (Executive Director) retired by rotation at
the Annual General Meeting, and being eligible, had offered for her re-appointment which was subsequently approved by
Shareholders.

The relevant details, as required under the Regulation 36 (3) of Listing Regulations and Secretarial Standards, of the person
seeking re-appointment as Director are also provided in the Notice convening the 30^th Annual General Meeting.

Key Managerial Personnel (KMP’s):

The following persons are the Key Managerial Personnel (KMP’s) of the Company as on March 31, 2025 in terms of provisions
of Section 203 of the Companies Act, 2013 and rules made there under:-

1. Mr. Kawaljit Singh- Chairman & Managing Director

2. Mr. Surinder Pal Singh- Joint Managing Director

3. Mrs. Ratinder Kaur- Whole Time Director

4. Mr. Kanwaljit Singh- Whole Time Director

5. Ms. Celespreet Kaur- Chief Financial Officer

6. Ms. Dilpreet Kaur- Company Secretary & Compliance Officer.

8. DECLARATION BY INDEPENDENT DIRECTORS

Mr. Tarundeep Singh (DIN: 08121654), Ms. Amandeep Kaur (DIN: 07728094), Ms. Gurpreet Kaur (DIN: 09499130), Mr.
Yashul Goyal (DIN: 08851633) and Ms. Jaspreet Kaur (DIN: 10746419) are Independent Directors of the Company.

The Board has received declarations from all the Independent Directors of the Company confirming that they meet with the
criteria of independence as prescribed under sub section (6) of Section 149 of the Companies Act, 2013 and in the opinion of the
Board they fulfill the conditions specified in the Act and the rules made thereunder and are Independent of the management.

They have also complied with the code of Independent Directors prescribed in schedule IV to the Act and a policy for
appointment and remuneration of Directors/KMPs/senior management as approved by Board of Directors.

Meeting of independent Director:

Separate meeting of Independent Directors was held on Wednesday, 12^th February, 2025, inter alia to discuss:

" To evaluate the performance of Non-Independent Directors, performance of the Board as a whole,

" Review the performance of the Chairman, taking into account the views of Executive Directors and Non-Executive
Directors. The same was discussed in the Board Meeting that followed the meeting of the Independent Directors, at
which the performance of the Board, its Committees and Individual Directors was also discussed.

" Assess the quality, quantity and timeliness of flow of information between the Company Management and the Board
that is necessary for the Board to effectively and reasonably perform their duties.

9. MEETINGS OF BOARD

The Board regularly meets to discuss and decide on Company, business policy and strategy apart from conducting other Board
related businesses. The Board of Directors were provided with the requisite information mentioned in the Listing Regulations
well before the Board meetings. Nine (9) meetings of the Board of Directors were convened and held on 8th April, 2024, 29th
May, 2024, 07th August, 2024, 12th August, 2024, 24st August, 2024, 23rd September, 2024, 14th October, 2024, 12th
November, 2024 and 12th February, 2025 during the year ended 31^st March, 2025 the details of which are given in the Corporate
Governance Report.

The notices of Board Meetings are given well in advance to all the Directors. The Agenda is circulated at least a week prior to the
date of the meeting.

During the year under review, no resolution by way of circulation was passed by the Company.

10. COMMITTEES OF THE BOARD

As on 31st March 2025, the Board had Four Committees - the Audit Committee, the Nomination and Remuneration Committee,
the Stakeholders Relationship Committee and Corporate Social Responsibility Committee. During the year, all recommendations
made by the Committees were approved and accepted by the Board.

A detailed note on the composition of the Board and its Committees is provided in the Corporate Governance Report.

11. BOARD EVALUATION

Pursuant to the Section 134(3) of the Companies Act, 2013 and Regulation 17 of SEBI (LODR) regulations, 2015, the Company
has devised a policy for performance evaluation of Independent Directors and the Board. The Board has carried out an annual
evaluation of its own performance, performance of its Committees as well as directors individually. The Board of Directors
formally assess their own performance based on parameters which, inter alia, include performance of the Board on deciding long
term strategies, rating the composition and mix of Board members, discharging of governance and fiduciary duties, handling
critical and dissenting suggestions, etc. The Board was satisfied with the evaluation process and approved the evaluation results
thereof.

12. CORPORATE GOVERNANCE

The Company is committed to maintain the highest standards of Corporate Governance. We believe in adherence to good
corporate practices, implementing effective policies and guidelines and developing a culture of the best management practices

and compliance with the law at all levels. Our Corporate governance practices strive to foster and attain the highest standards of
integrity, transparency, accountability and ethics in all business matters to enhance and retain investor trust, long-term
shareholder value and respect minority rights in all our business decisions.

A Separate section on Corporate Governance as stipulated under Schedule V (C) of the SEBI Listing Regulations forms part of
this Report. The Corporate Governance Report along with the requisite certificate from the Company Secretary in practice
confirming compliance with the conditions of Corporate Governance as stipulated under SEBI Listing Regulations forms part of
this Annual Report.

13. DIRECTORS’ RESPONSIBILITY STATEMENT

Pursuant to provisions of section 134 of the Companies Act, 2013 the directors hereby confirm the following: -

1. That in the preparation of annual accounts for the year ended 31^st March, 2025, the applicable accounting standards had
been followed along with proper explanation relating to departures.

2. That the directors had 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 financial year and the profit of the Company for that period.

3. That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in
accordance with the provisions of Companies Act, 2013, for safeguarding the assets of the Company and for preventing
and detecting fraud and other irregularities.

4. That the directors had prepared the annual accounts for the year ended 31^st March, 202 5 on a going concern basis.

5. That proper internal financial controls were in place and that the financial controls were adequate and were operating
effectively.

6. That system to ensure compliance with the provisions of all applicable laws was in place and were adequate and
operating effectively.

14. AUDITORS

Statutory Auditors and Auditor’s Report

M/s Goyal Sanjay & Associates, Chartered Accountants (Firm Registration No. 016998N), had been appointed as Statutory
Auditors of the Company at the 29^th Annual General Meeting held on September 19, 2024 to hold office upto the conclusion of
34^thAnnual General Meeting of the Company.

It is proposed to Re-appoint M/s Goyal Sanjay & Associates, (Firm Registration No. 016998N) for period of next 5(five) years
from the conclusion of Annual General Meeting of the Company for the year 2024 till the conclusion of Annual General Meeting
of the Company to be held in the year 2029. Your directors took note of the same.

The Auditor’s report on the Annual Accounts of the Company for the year under review is self-explanatory and requires no
comments. Further, there are no adverse remarks or qualifications in the report that calls for Board’s explanation.

During the year under review, there were no frauds reported by auditors under Section 143(12) of Companies Act, 2013.

Secretarial Auditors

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014, the Company has appointed PDM and Associates (CP No.: 25003, ACS: 25988), Practising
Company Secretaries for the financial year 2024-25 to undertake the Secretarial Audit of the Company.

Internal Auditors

Pursuant to the provisions of Section 138 of the Companies Act,2013, Mr. Divyam Jain has been re-appointed as Internal Auditor
in the Board Meeting held on 24th August, 2024 for the year 2024-25.

Cost Auditor

In terms of Section 148 of the Companies Act, 2013 and rules made there under, Cost Audit will be applicable to the Company.
In this regard, The Board of Directors have on the recommendation of the Audit Committee appointed Cost Auditor Mrs.
Anju Pardesi (ICWAI Registration no. 003448) to carry out cost audit of the products manufactured by the Company for
the year 2024-25.

The Company has received their written consent that the appointment is in accordance with the applicable provisions of
the Companies Act, 2013 and rules framed thereunder. They have also confirmed that they are not disqualified to be
appointed as Cost Auditors of the Company for the year 2024-25.

The remuneration of the Cost Auditor has been approved by the Board of Directors on the recommendation of Audit
Committee. As required under the Companies Act, 2013, In terms of the provisions of Section 148(3) of the Companies
Act, 2013 read with Rule 14(a) (ii) of the Companies (Audit and Auditors) Rules, 2014, the remuneration payable to the
Cost Auditor is required to be placed before the members in a general meeting for their ratification. Accordingly,
necessary resolution is proposed for ratification for the remuneration payable to Mrs. Anju Pardesi, Cost Auditors in the
Notice convening the 29^thAGM.

15. EXPLANATION ON STATUTORY AUDITOR’S REPORT/SECRETARIAL AUDITOR’S REPORT

Neither the Statutory Auditor nor Secretarial Auditor of the Company, in their respective reports has made any qualification,
reservation, adverse marks or disclaimers. Accordingly, no explanations thereon are required to be furnished.

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

The details of Energy, Technology, Absorption, Foreign Exchange Earnings and Outgo stipulated under section 134(3)(m) of the
Companies act, 2013 read with rule 8 of the Companies (Accounts) Rules, 2014, is annexed as Annexure-III

17. PARTICULARS OF EMPLOYEES

The information required pursuant to Section 197 read with Rule 5, of The Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 in respect of employees of the Company is as follows:

The Company has one Managing Directors Mr. Kawaljit Singh and one Joint Managing Director Mr. Surinder Pal Singh the
remuneration paid to them is Rs. 4.98 Lac p.m. and Rs. 2.50 Lac p.m., respectively.

The Remuneration paid to all Key Management Personnel was in accordance with remuneration policy adopted by the Company.
AUDIT COMMITTEE:

The Company has constituted an Audit Committee pursuant to Section 177(8) read with Rule 6 of the Companies (Meetings of
the Board and its Powers) Rules, 2014 and SEBI (lOdR), Regulations, 2015.

As on 31.03.2025, the Audit Committee consists Ms. Amandeep Kaur (Non-Executive Independent Director) as Chairman, Mr.
Kawaljit Singh (Executive Director) as Member and Mr. Yashul Goyal (Non-Executive Independent Director) as Member. The
details in respect to the Attendance, Powers, Roles, and Terms of Reference etc. are provided in the Corporate Governance
Report forming part of this Report.

NOMINATION AND REMUNERATION COMMITTEE AND POLICY:

As required u/s 178 of the Companies Act 2013 and SEBI (LODR), Regulations, 2015, the Company has constituted nomination
& remuneration committee. As on 31.03.2025, the committee consists of Ms. Amandeep Kaur (Non-Executive Independent
Director) as Chairman, Ms. Gurpreet Kaur (Non-Executive - Independent Director) as Member Mr. Kawaljit Singh (Executive
Director) as Member and Mr. Yashul Goyal (Non-Executive Independent Director) as Member. Further, on the recommendation
of Nomination and Remuneration Committee, the board has already framed a policy for selection and appointment of Directors,
Key Management Personnels & Senior Management and their remuneration. The details in respect to the Attendance, Powers,
Roles, and Terms of Reference etc. are provided in the Corporate Governance Report forming part of this Report. The
Nomination and Remuneration Policy is available on the Company’s website and the web link for the same is
www.dolfintyres.com

As mandated by proviso to Section 178(4) of the Companies Act, 2013, salient features of Nomination and Remuneration Policy
is annexed as Annexure VII hereto and forms part of this report.

STAKEHOLDER RELATIONSHIP COMMITTEE:

As required u/s 178 of the Companies Act 2013 and SEBI (LODR), Regulations, 2015, the Company has constituted stakeholder
relationship committee. As on 31.03.2025, the committee consists of Mr. Yashul Goyal (Non-Executive Independent Director) as

Chairman, Ms. Gurpreet Kaur (Non-Executive - Independent Director) as Member and Ms. Amandeep Kaur (Non-Executive
Independent Director) as Member. The details in respect to the Attendance, Powers, Roles, and Terms of Reference etc. are
provided in the Corporate Governance Report forming part of this Report.

CORPORATE SOCIAL RESPONSIBILITY COMMITTEE:

As on 31.03.2025, the Corporate Social Responsibility Committee of the Company consists of Mr. Kawaljit Singh (Executive
Director) as Chairman, Ms. Ratinder Kaur (Executive Director) as Member and Ms. Gurpreet Kaur (Non-Executive Independent
Director) as Member. The Composition and terms of Reference of the Corporate Social Responsibility Committee are in line with
Section 135 of the Companies Act, 2013 and rules made thereunder and are provided in the Corporate Governance Report
forming part of this Report.

18. REMUNERATION TO DIRECTORS/EMPLOYEES AND RELATED ANALYSIS

During the year under review, no employee of the Company received salary in excess of the limits as prescribed under the Act.
Accordingly, no particulars of employees are being given pursuant to Section 134 of the Companies Act, 2013 read with Rule
5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. The details pertaining to the ratio
of the remuneration of each director to the median employee ‘s remuneration and other prescribed 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 annexed herewith and forms part of this report as Annexure - II

19. RELATED PARTY TRANSACTIONS

There were no contracts or arrangements entered into by the company in accordance with provisions of section 188 of the
Companies Act, 2013.

However, there were certain related party transactions in terms of regulation 23 of the SEBI (listing obligations and disclosure
requirements) regulations, 2015 which were entered into on an arm’s length basis and were in the ordinary course of business.
There are 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.

20. MAINTENANCE OF COST RECORDS

Pursuant to section 148 of the Companies Act, 2013 and Rules made thereunder, Board of Directors had, on the recommendation
of the Audit Committee, appointed M/s Anju Pardesi, (Firm Registration Number: 003448) Cost Accountants, to audit the cost
accounts of the Company for the financial year 2025-26 at a remuneration of 28000.00 plus service tax, out-of pocket and travel
and living expenses, subject to ratification by the shareholders at ensuing annual general meeting. Accordingly, a resolution
seeking members’ ratification for the remuneration payable to cost auditor is included in the Notice convening the annual general
meeting.

The Company pursuant to the Rules made by the Central Government for the maintenance of Cost records under section 148 of
the Companies Act, 2013 and are of the opinion that prima facie, the prescribed accounts and records have been made and
maintained.

21. REPORTING OF FRAUD

There are no frauds on or by your Company, which are required to be reported by the Statutory Auditors of your Company.

22. DETAILS OF SUBSIDIARY, JOINT VENTURE OR ASSOCIATES

The Company does not have any Subsidiary, Joint Ventures or Associates as on March 31, 2025. There was no change in the
subsidiaries, Joint Ventures or Associate Companies of the Company during the year under review.

23. COMPLIANCE OF THE PROVISIONS RELATING TO THE MATERNITY BENEFIT ACT 1961

During the year under review, the Company has complied with the provisions relating to the Maternity Benefit Act 1961.

24. EXTRACT OF ANNUAL RETURN

The details forming part of the extract of the Annual Return as required under Section 92 of the Act, is available on the
Company’s website viz.https://www.dolfintyres.com/.

25. LISTING AGREEMENT

To streamline the provisions of the Listing Agreement and its better enforceability the Securities and Exchange Board of India
(SEBI), on September, 2, 2015 issued SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The said
Regulation became effective from 1st. December, 2015. In compliance of the said Regulations, the company has entered into
Listing Agreement with the BSE Ltd. on 23rd February, 2016.

26. PARTICULARS OF LOAN, GUARANTEES AND INVESTMENTS UNDER SECTION 186

The Company has not given any loan or given guarantee for loans taken by others from banks or financial institutions during the
year. However, the detail of investments made by the Company is given in the notes to the Financial Statement.

27. DEPOSITS

The Company has not accepted any deposits during the year and no deposits remained unpaid or unclaimed as at the end of the
year under review and there has been no default in the repayments of deposits.

28. CORPORATE SOCIAL RESPONSIBILITY

The Board of Directors of the Company has put in place a CSR policy in accordance with the provisions of Section 135 of the
Companies Act, 2013. The CSR Policy of the Company can be downloaded at website of the Company at https://dolfintyres.com/

Further Annual Report on the CSR activities of the Company for the Financial Year 2024-2025 is attached herewith as Annexure
- VI

29. COMPLIANCE WITH SECRETARIAL STANDARDS

During the year under review, your Company has duly complied with applicable provisions of the Secretarial Standards on
meetings of the Board of Directors (SS-1) and General Meetings (SS-2).

30. CHANGE IN NATURE OF BUSINESS

During the year under review, your company has not changed its business or objects and continues to be in the same line of the
business as per main object of the Company.

31. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS

During the year under review, No Order has been passed by Regulators or Court or Tribunals.

32. HUMAN RESOURCES

The well discipline workforce which has served the Company for three decades lies at the very foundation of the Company’s
major achievements and shall well continue for the years to come. The management has always carried out systematic appraisal
of performance and imparted training at periodic intervals. The Company has always recognized talent and has judiciously
followed the principle of rewarding performance.

33. RISK MANAGEMENT

A well-defined risk management mechanism covering the risk mapping and trend analysis, risk exposures, potential impact and
risk mitigation process is in place. The objective of the mechanism is to minimize the impact of risks identified and taking
advance actions to mitigate it. The mechanism works on the principles of probability of occurrence and impact, if triggered. A
detailed exercise is being carried out to identify, evaluate, monitor and manage both business and non-business risks.

34. POLICY ON PRESERVATION OF THE DOCUMENTS

The Company has formulated a Policy pursuant to Regulation 9 of the Securities Exchange Board of India (Listing obligations
and Disclosure Requirements) Regulations, 2015 (“Regulations”) on Preservation of the Documents to ensure safekeeping of the
records and safeguard the Documents from getting manhandled, while at the same time avoiding superfluous inventory of
documents.

35. INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

Your Company has an effective internal control system, which ensures that all the assets of the Company are safeguarded and
protected against any loss from unauthorized use or disposition.

The Internal Auditor of the Company carries out review of the internal systems and procedures. The internal audit reports are
reviewed by Audit Committee.

Your Company has also put in place adequate internal financial controls with reference to the financial statements commensurate
with the size and nature of operations of the Company. During the year, such controls were tested and no material discrepancy or
weakness in the Company’s internal controls over financial reporting was observed.

36. VIGIL MECHANISM / WHISTLE BLOWER POLICY

The Company has established a vigil mechanism and accordingly framed a Whistle Blower Policy. The Policy enables the
employees to report to the management instances of unethical behavior, actual or suspected fraud or violation of Company’s
Code of Conduct. Further the mechanism adopted by the Company encourages the Whistle Blower to report genuine concerns or
grievances and provide for adequate safe guards against victimization of the Whistle Blower who avails of such mechanism and
also provides for direct access to the Chairman of the Audit Committee, in exceptional cases. The functioning of vigil mechanism
is reviewed by the Audit Committee from time to time. None of the whistle blowers has been denied access to the Audit
Committee of the Board. The whistle Blower Policy of the Company is available on the website of the Company at
www.dolfintyres.com.

37. SEXUAL HARASSMENT PREVENTION

The Company has in place a policy for prevention of sexual harassment at the workplace in line with the requirement of the
Sexual Harassment of Women at the workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Rules there under.

The Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassments. All the
employees of the Company (permanent, temporary, contractual and trainees) are covered under this policy.

The Company has zero tolerance for sexual harassment at the workplace and has adopted a policy on prevention, prohibition and
redressal of sexual harassment in line with the provisions of the Sexual Harassment of Women at the workplace (Prevention,
Prohibition and Redressal) Act, 2013 and the Rules there under.

No complaint was received during the year under review.

38. FINANCIAL VIABILITY OF COMPANY

The Company has not defaulted in repayment of dues to financial institutions, banks and not given any guarantee for loans taken
by others from banks or financial institutions during the year.

39. LISTING OF EQUITY SHARES

The Equity Shares of the Company were listed on Main Board of BSE Limited and the listing fees for the year 2024-25 has been
duly paid to Stock Exchange.

40. COMPLIANCES WITH SECRETARIAL STANDARD ON BOARD AND GENERAL MEETINGS

During the year under review, your company has duly complied with the applicable provisions of Secretarial Standards.

41. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

In terms of Regulation 34 and schedule V of SEBI (Listing Obligations and Disclosure Requirements) regulations, 2015 a review
of the performance of the company, for the year under review, Management Discussion and Analysis Report, is presented under
separate section attached as Annexure-V forming part of this Annual Report.

42. GENERAL DISCLOSURES

Your Directors state that the Company has made disclosure in this report for the items prescribed in section 134(3) of the Act and
Rule 8 of the Companies (Accounts) Rules, 2014 and other applicable provisions of the act and listing regulations, to the extent

the transaction took place on those items during the year. Your Directors further state that no disclosure or reporting is required in
respect of the following items as there were no transactions on these items during the year under review:

1. Issue of Equity Shares with differential rights as to dividend, right issue.

2. Issue of Sweat Equity Shares to Employees of the Company.

3. Issue of Employee Stock Options to Employees of the Company.

4. Purchase of its own shares either directly or indirectly.

5. Annual Report and other compliances on Corporate Social Responsibility.

6. No significant or material orders were passed by the Regulators or Courts or Tribunals which impact the going concern
status and Company’s operations in future;

7. Information on subsidiary, Associate and joint venture companies.

43. DIVIDENDS LYING IN THE UNPAID DIVIDEND ACCOUNT:

The Company in compliance with Section 124 of Companies Act, 2013 has transferred to the Unpaid Dividend Account the
following amounts:

More details are available at the website of the Company at www.doltintyres.com.

44. ACKNOWLEDGEMENTS

The Company has been very well supported from all quarters and therefore your directors wish to place on record their sincere
appreciation for the support and co-operation received from Employees, Dealers, Suppliers, Central and State Governments,
Bankers and others associated with the Company. Your Directors wish to thank the banks, financial institutions, shareholders and
business associates for their continued support and cooperation. We look forward to receiving the continued patronage from all
quarters in the years to come.

For and on behalf of the Board
Dolfin Rubbers Limited

Kawaljit Singh
Chairman & Managing Director

Date: 23^rd August, 2025
Place: Ludhiana