Your Directors are pleased to present the 9^th Annual Report of your Company together with the
Audited Financial Statements and Auditors’ Report for the year ended 31^st March, 2025.

FINANCIAL SUMMARY AND HIGHLIGHTS:

The financial performance of the Company during the year ended 31^st March, 2025 compared to the
previous year is summarized below:

(Amount in Lakhs)

REVIEW OF OPERATIONS:

During the financial year 2024-25, Net Income of your Company has increased to Rs. 14278.92/- Lakhs
as against Net Income of Rs. 11503.03/- Lakhs of the previous year. Accordingly, the Company’s Net
Profit after tax has been increased to Rs. 1676.04/- Lakhs for the current year as against the Net
Profit after tax of Rs. 1221.21/- Lakhs of the previous year. The performance of the Company has
been discussed in the Management Discussion and Analysis Report, which is forming part of the
Annual Report.

CHANGE IN NATURE OF BUSINESS:

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

DIVIDEND:

With a view to conserve the resources for future prospect and growth of the Company, the Board of
Directors of the Company have not recommended any Dividend on Equity Shares of the Company.

DEPOSITS:

During the year under review, your Company has neither invited, accepted nor renewed any Public
Deposits within the meaning of Section 73 of the Companies Act, 2013 read with the Companies
(Acceptance of Deposits) Rules, 2014.

TRANSFER TO RESERVES:

During the year under review, your Directors have not proposed to transfer any amount to Reserves.
CORPORATE SOCIAL RESPONSIBILTY:

The provision of Section 135 of Companies Act, 2013 and rules made thereunder are applicable to our
Company for the financial year ended 31^st March, 2025. The brief outline of the Corporate Social
Responsibility ('CSR') Policy of the Company is set out in Annexure I of this Report. The CSR Policy is
also available on Company's website at https://www.obscperfection.com .

SHARE CAPITAL:

Authorized Equity Share Capital:

During the year, there is no change in authorized share capital of the Company.

Issued, Subscribed & Paid-up Equity Share Capital:

During the financial year, the Company came out with the Initial Public Offer and hence, issued and
allotted 66,02,400 equity shares of Rs. 10/- (Ten) each at the premium of Rs. 90/- (Rupees Ninety
Only) per equity share. Accordingly, paid-up equity share capital of the Company stands enhanced to
Rs. 24,45,24,000/- divided into 2,44,52,400 Equity Shares of Rs. 10/- (Ten) each.

The Company got listed on the EMERGE platform of National Stock Exchange on 29/10/2024.

Further, during the period under review, your Company has not bought back any of its securities / has
not issued any Sweat Equity Shares / has not issued shares with Differential Voting rights / has not
issued any shares under Employee stock option plan and there has been no change in the voting rights
of the shareholders.

BOARD OF DIRECTORS:

Constitution of Board:

The composition of Board complies with the requirements of the Companies Act, 2013. Further, in
pursuance of Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, the Company is exempted from requirement of having composition of Board as per Regulation
17 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors of the Company has an optimum combination of Executive, Non-Executive and
Independent Directors. As on 31^st March, 2025, your Company has Six Directors, out of which three
are Promoter Executive Directors, one is Promoter Non-Executive Director and two are Non-Executive
Independent Directors.

The Chairperson of the Board is a Non-Executive Director.

None of the directors hold directorship in more than ten public companies nor is a member of more
than ten committees or chairman of more than five committees across all the public limited companies
in which he or she is Director.

The necessary disclosures regarding Committee positions have been made by all the Directors.

As on 31^st March, 2025, Your Company has 6 (Six) Directors, namely:

Committee includes Audit Committee, Nomination and Remuneration Committee and Shareholders'
Grievances Committee across all Public Companies.

Mr. Sanjeev Verma (DIN: 00296825), Director of the Company is liable to retire by rotation at the
ensuing Annual General Meeting and being eligible, offers himself for re-appointment.

KEY MANAGERIAL PERSONNEL:

As on 31^st March, 2025, Your Company has following Key Managerial Personnel (KMP):

1. Mr. Saksham Leekha (DIN: 07389575) - Managing Director

2. Mr. Sanjeev Verma - Chief Financial Officer

3. Mr. Abhishek Kumar Pandey (FCS No.: 12457) - Company Secretary & Compliance Officer

After the closure of financial year till the signing of this report, there were following changes in Key
Managerial Personnel (KMP) of the Company:

Mr. Abhishek Kumar Pandey resigned as the Company Secretary of the Company w.e.f. 30^th April, 2025
and Mr. Mudit Johri was appointed as the Company Secretary and Compliance Officer of the Company
w.e.f. 01^st May, 2025.

MEETINGS:

(i) Meetings of the Board of Directors:

During the year under review, twenty-five (25) meetings of Board of Directors of the Company
were held. The dates on which the said meetings were held are as follows:

The intervening gap between the Meetings did not exceed the period prescribed under the Companies
Act, 2013 and SEBI (LODR) Regulations, 2015.

The details of attendance of each Director at the Board Meetings held for the financial year 2024-25
and Annual General Meeting held for the financial year 2023-24 are as under:

(ii) Meeting of Members:

During the Financial Year ended 31^st March, 2025, the Company held Extra-Ordinary General Meeting
of members of the Company on 22^nd May, 2024 and 12^th July, 2024 and the 8^th Annual General Meeting
of the Company was held on 30^th September, 2024.

BOARD COMMITTEES:

The Board of Directors has constituted various committees in accordance with the provisions of the
Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, to ensure focused and effective governance.

These Committees have their respective Charters and play an important role in the overall
management and governance of the Company.

The Board Committees meet at regular intervals and take necessary steps to perform their duties
entrusted by the Board.

The Board of Directors, in line with the requirement of the act, has formed various committees, details
of which are given hereunder:

A. Audit Committee

B. Nomination and Remuneration Committee

C. Stakeholders Relationship Committee

A. Audit Committee:

The Board has constituted the Audit Committee in compliance with Section 177 of the Companies Act,
2013 and Regulation 18 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015.

The Company has formed audit committee for the purpose of assisting the Board in fulfilling its overall
responsibilities of monitoring financial reporting processes, reviewing the Company's established
systems and processes for internal financial controls, governance and reviewing the Company’s
statutory and internal audit activities.

The terms of reference of the Committee, inter alia, include:

• Oversight of the Company's financial reporting process and the disclosure of its financial information
to ensure that the financial statement is correct, sufficient and credible.

• Reviewing with the management, the annual financial statements and auditor’s report thereon before
submission to the Board for approval.

• Recommending to the Board, the appointment, re-appointment and, if required, the replacement or
removal of the statutory auditor and the fixation of audit fees.

• Approval or any subsequent modification of transactions of the Company with related parties.

• Evaluation of internal financial controls and risk management systems.

• Recommendation for appointment, remuneration and terms of appointment of auditors of the Company.

• Approve policies in relation to the implementation of the Insider Trading Code and to supervise
implementation of the same.

Composition of Committee, Meeting and Attendance of each Member at Meetings:

As on 31^st March, 2025, the Audit Committee comprised of 3 Directors, out of which 2 are Independent
Directors. All the Members of the Committee are well qualified, experienced and possesses required
knowledge of accounts, finance and other comparable experience and background. The Company
Secretary of the Company act as a Secretary of the Committee. The maximum gap between two
meetings was not more than 120 days.

During the financial year ended 31^st March, 2025, the Audit Committee met Seven times:

The details of composition of the Committee and their attendance at the meetings are given below:

Committee invites such of the executives as it considers appropriate, representatives of the statutory
auditors and internal auditors, to be present at its meetings. The Company Secretary is the Compliance
Officer to ensure compliance and effective implementation of the Insider Trading Code.

Vigil Mechanism/Whistle Blower Policy:

The Company has adopted Vigil Mechanism/Whistle Blower Policy in accordance with the provisions
of Section 177 of the Companies Act, 2013 read with Rule 7 of the Companies (Meetings of Board and
its Powers) Rules, 2014 and Regulation 22 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.

Under this policy, your Company encourages its employees to report any reporting of fraudulent
financial or other information to the stakeholders, and any conduct that results in violation of the
Company’s code of business conduct, to the management (on an anonymous basis, if employees so
desire). Further, your Company has prohibited discrimination, retaliation or harassment of any kind
against any employees who, based on the employee’s reasonable belief that such conduct or practice
has occurred or are occurring, reports that information or participates in the investigation. The Vigil
Mechanism/Whistle Blower Policy is being made available on the Company’s website at the web link
https://www.obscperfection.com/

B. Nomination and Remuneration Committee:

The Board has constituted the Nomination and Remuneration Committee of the Company in
compliance with Section 178 of the Companies Act, 2013 and Regulation 19 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015.

The terms of reference, inter alia, include:

Terms of reference:

• Recommend to the Board the setup and composition of the Board and its Committees.

• Recommend to the Board the appointment/re-appointment of Directors and Key Managerial Personnel.

• Support the Board and Independent Directors in evaluation of the performance of the Board, its committees
and individual Directors.

• Recommend to the Board the Remuneration Policy for Directors, executive team or Key Managerial
Personnel as well as the rest of employees.

• Oversee familiarization programs for Directors.

Composition of Committee, Meeting and Attendance of each Member at Meetings:

The Nomination and Remuneration Committee shall meet at least once in a year. The quorum for a
meeting of the Nomination and Remuneration Committee shall be either two members or one third of
the members of the committee, whichever is greater, including at least one independent director in
attendance.

As on 31^st March, 2025, the Nomination and Remuneration Committee comprised of 3 Non-Executive
Directors, out of which 2 are Independent Directors. The Company Secretary of the Company act as a
Secretary of the Committee.

During the financial year ended 31^st March, 2025, the Nomination and Remuneration Committee
met Twice (2) on 20/06/2024 and 03/03/2025. The requisite quorum was present at all the Meetings.

The details of composition of the Committee and their attendance at the meetings are given below:

Nomination and Remuneration Policy:

In accordance with the provisions of Section 178 of the Companies Act, 2013, the Board of Directors of
the Company has adopted the Nomination and Remuneration Policy (the “Policy”). The Policy, inter
alia, provides guidelines for the appointment, removal and remuneration of the Directors, Key
Managerial Personnel and Senior Managerial Personnel of the Company.

The said policy can be downloaded from the website of the Company https://www.obscperfection.com/

C. Stakeholders’ Relationship Committee:

The Board has constituted the Stakeholder’s Relationship Committee in compliance with Section 178
of the Companies Act, 2013 and Regulation 20 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 mainly to focus on the redressal of Shareholders’ / Investors’
Grievances, if any, like Transfer / Transmission / Demat of Shares; Loss of Share Certificates; Non¬
receipt of Annual Report; Dividend Warrants; etc.

The Committee also oversees the performance of the Registrar & Transfer agents of the Company
relating to the investors’ services and recommends measures for improvement.

The terms of reference, inter alia, include:

• Consider and resolve the grievances of security holders.

• Consider and approve issue of share certificates, transfer and transmission of securities, etc.

• Review activities with regard to the Health Safety and Sustainability initiatives of the Company.

Composition of Committee, Meeting and Attendance of each Member at Meetings:

The Stakeholder’s Relationship Committee shall meet as and when required to review and discuss the
matters specified in terms of reference of Stakeholders relationship Committee and number of times
the Committee shall meet shall be as per Section 178 of Companies Act, 2013 or any other rules,
regulations or standard applicable to the company.

As on 31^st March, 2025, the Stakeholders’ Relationship Committee comprised of 3 Directors. The
Company Secretary of the Company act as a Secretary of the Committee.

During the financial year ended 31^st March, 2025, the Stakeholders’ Relationship Committee met Once
(1) on 03/03/2025. The requisite quorum was present at all the Meetings.

The details of composition of the Committee and their attendance at the meeting is given below:

Status of shareholders’ complaints during the financial year 2024-25:

INDEPENDENT DIRECTORS:

In terms of Section 149 of the Companies Act, 2013 and rules made there under, the Company
had two Non-Executive Independent Directors in line with the Companies Act, 2013. The Company
has received declarations from all the Independent Directors confirming that they meet the criteria of
independence as prescribed under Section 149(6) of the Act and Regulation 16(1)(b) of the SEBI
Listing Regulations and are independent of the Management. In terms of Regulation 25(8) of the SEBI
Listing Regulations, they have confirmed that they are not aware of any circumstance or situation
which exist or may be reasonably anticipated, that could impair or impact their ability to discharge
their duties with an objective independent judgement and without any external influence.

The Board of Directors of the Company has taken on record the declaration and confirmation
submitted by the Independent Directors after undertaking due assessment of the veracity of the same.
The Board is of the opinion that all Directors including the Independent Directors of the Company
possess requisite qualifications, integrity, expertise and experience in the fields of science and
technology, digitalization, strategy, finance, governance, human resources, safety, sustainability, etc.
In the opinion of the Board, the Independent Directors of the Company are persons of high repute,
integrity and possesses the relevant expertise and experience in the respective fields. The Independent
Directors of the Company have confirmed that they have enrolled themselves in the Independent
Directors’ Databank maintained with the Indian Institute of Corporate Affairs (‘IICA’) in terms of
Section 150 of the Act read with Rule 6 of the Companies (Appointment & Qualification of Directors)
Rules, 2014.

During the year under review, the Non-Executive Directors of the Company had no pecuniary
relationship or transactions with the Company, other than sitting fees, commission and
reimbursement of expenses incurred by them for the purpose of attending meetings of the
Board/Committees of the Company.

A separate meeting of Independent Directors was held on December 09^th, 2024 to review the
performance of Non-Independent Directors, Board as whole and performance of Chairperson of the
Company including assessment of quality, quantity and timeliness of flow of information between
Company management and Board.

The terms and conditions of appointment of Independent Directors and Code for Independent Director
are incorporated on the website of the Company at https://www.obscperfection.com/ .

As on 31^st March, 2025 and the date of signing of this report, Your Company has 2 (Two) Independent
Directors, namely:

1. Mr. Ravikumar Ramniranjan Khandelwal (DIN: 06751477) - Non-Executive Independent Director

2. Mr. Pradeep Harikishan Chabra (DIN: 10570627) - Non-Executive Independent Director

CORPORATE GOVERNANCE:

Pursuant to Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the compliance under Regulation 27(2) of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 shall not apply to our Company. Therefore, the Company
has not provided a separate report on Corporate Governance.

However, Company is complying with few of the exempted regulations voluntarily and details of same
are provided in this report under the respective heading.

CODE OF CONDUCT:

The Company has always encouraged and supported ethical business practices in personal and
corporate behavior by its Directors and employees. The Company has framed a Code of Conduct for

Board Members and Senior Management Staff of the Company. The Board Members and Senior
Management Staff have affirmed compliance with the said Code of Conduct. The approved Code of
Conduct also incorporates the duties of Independent Directors as laid down in the Companies Act,
2013. The Code of Conduct is posted on Company’s website https://www.obscperfection.com/ .

Pursuant to Regulation 26(3) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, all Board members and Senior Management Personnel have affirmed compliance
with the applicable Code of Conduct. A declaration to this effect, signed by the Managing Director and
Chairperson forms part of this report as Annexure II.

CERTIFICATE ON NON-DISQUALIFICATION OF DIRECTORS:

M/s. Nitin Bhatia & Co., Practicing Company Secretaries, Delhi, have certified Non-Disqualifications
of the Directors as on 31^st March, 2025, pursuant to Regulation 34(3) and Schedule V Para C clause
(10)(i) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 annexed as
Annexure III.

ANNUAL RETURN:

Pursuant to Section 92(3) read with Section 134(3)(a) of the Act, the Annual Return of the Company
has been uploaded on the website of the Company at https://www.obscperfection.com/ .

PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES:

All the transactions/contacts/arrangements made with related parties are placed before the Audit
Committee and the Board of Directors for review and approval on a quarterly basis and also for prior
approval wherever required. The omnibus approval is obtained on yearly basis for related party
transactions which are of a foreseeable and repetitive nature.

During the financial year 2024-25, all the related party transactions entered into by the Company with
related parties were in the ordinary course of business and were at arm’s length basis and no material
related party transactions were entered into by the Company with related parties. As per Rule 8(2)
of the Companies (Accounts) Rules, 2014, the details of contract or arrangements made with related
parties as defined under Section 188 of the Companies Act, 2013 during the year under review, is
appended as Annexure IV to this Report in Form AOC-2.

All the transactions entered into by the Company with related parties were in compliance with the
applicable provisions of the Companies Act, 2013 read with the relevant rules made thereunder and
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Policy on Transactions with Related Parties as approved by the Board is uploaded on the Company’s
website at https://www.obscperfection.com/ .

STATUTORY AUDITORS AND THEIR REPORT:

M/s. P.K. Chand & Co., Chartered Accountant, (FRN: 512371C) was appointed as a Statutory Auditor
of the Company in 8^th Annual General Meeting held on 30^th September, 2024 for their first term of 5
(Five) years commencing from the conclusion of Annual General Meeting held on 30^th September, 2024
till the conclusion of Annual General Meeting of the Company to be held in the Year 2029.

Pursuant to the Companies Amendment Act, 2017 read with the Companies (Audit and Auditors) 2nd
Amendment Rules, 2018 and Notification S.O. 1833(E) dated May 7, 2018, the ratification of
appointment of Statutory Auditor at each Annual General Meeting of the Company is not required.
Accordingly, ratification of appointment of the statutory Auditors is not proposed at the ensuing 09 th
Annual General Meeting of the Company.

The Auditors’ Report does not contain any qualification or adverse remark. Notes to Accounts and
Auditors remarks in their report are self-explanatory and do not call for any further comments. The
Auditors has not reported any matter of an offence of fraud to the Company required to be disclosed
under Section 143(12) of the Companies Act, 2013.

SECRETARIAL AUDITOR AND THEIR REPORT:

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board in its Meeting held
on March 26, 2025, has appointed M/s. Nitin Bhatia & Co., Practicing Company Secretary (COP No.
12902), Delhi to undertake the Secretarial Audit of the Company for the Financial Year 2024-25. The
Secretarial Audit Report for the Financial Year 2024-25 in Form MR-3 is attached to this report as
Annexure V.

The Secretarial Auditors’ Report contains a remark that the Company has not filed certain charge
related forms with the Registrar of Companies. The Board of Directors has taken note of the same and
confirms that necessary steps are being taken to complete the said filings.

The Board of Director, based on the recommendation of Audit Committee, proposed for the approval
of members in this Annual General Meeting for the appointment of M/s. Nitin Bhatia & Co., Practicing
Company Secretary (COP No. 12902), Delhi and a Peer Reviewed Firm, as the Secretarial Auditor of the
company, for performing Secretarial Audit of the company for a period of five consecutive years
commencing from April 01, 2025 till March 31, 2030 in accordance with the amendment notified in
Regulation 24A of SEBI (LODR) Regulations, 2015, with effect from April 01, 2025.

INTERNAL AUDITOR:

Pursuant to the provisions of Section 138 of the Companies Act 2013 read with Rule 13 of the
Companies (Accounts) Rules, 2014 and other applicable provisions, the Board in its Meeting held on
March 31, 2025, has appointed M/s M N Parmar & Associates, as the Internal Auditor of the Company
for the Financial Year 2024-25 to conduct periodic audit of all operations of the Company.

The internal auditor report, their findings on the internal audit of the company shall be presented to
the audit committee on an annual basis. The scope of internal audit is approved by the audit committee.

REGISTRAR AND SHARE TRANSFER AGENT:

Your Company has appointed M/s. Bigshare Services Private Limited as the Registrar & Transfer Agent
(RTA) for Share Registry Services and IPO related work upon such terms and conditions as may be
mutually agreed. Under the Depository System, the International Securities Identification Number
(ISIN) allotted to the Company’s equity shares is INE0YHV01011.

INITIAL PUBLIC OFFER (IPO):

During the Financial year 2024-25, the Company has filed Red Herring Prospectus (RHP) with NSE on
SME Emerge platform for Initial Public Issue of 66,02,400 Equity Shares of face value of Rs. 10/- each
on 16/10/2024.

Pursuant to completion of Initial Public Offer (IPO) of 66,02,400 Equity Shares of face value of Rs. 10/-
each, issued at a price of Rs. 100/- per share (including a share premium of Rs. 90/- per equity share),
paid-up share capital of the Company stands enhanced to Rs. 24,45,24,000/- divided into 2,44,52,400
Equity Shares of Rs. 10/- (Ten) each w.e.f. 25/10/2024.

LISTING OF EQUITY SHARES:

Your Company has received Listing and Trading approval from NSE Limited vide its letter
dated 28^th October, 2024, permitting Listing and Trading of 2,44,52,400 Equity Shares of the Company
on SME (Emerge) platform w.e.f. 29^th October, 2024.

UTILISATION OF FUNDS:

Pursuant to the SEBI Listing Regulations & SEBI (Issue of Capital and Disclosure Requirements)
Regulations, 2018, the net proceeds of IPO have been utilized during FY 2024-25, in line with the
objects of the offer. Detailed Report for such utilization submitted to Stock Exchanges in compliance
with the aforesaid regulations.

MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION OF THE
COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THIS FINANCIAL
STATEMENTS RELATE AND THE DATE OF THE REPORT:

There have been no material changes and commitments, affecting the financial position of the
Company which occurred between the end of the financial year to which the financial statements relate
and the date of this report.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

In terms of Regulation 34 read with Schedule V of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 a review of the performance of the Company is provided in a
separate section and forms an integral part of this Report in Management Discussion and Analysis
Report annexed as Annexure VII.

DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to Section 134(3)(c) of the Companies Act, 2013, the Board of Directors, to the best of their
knowledge and ability, confirm that:

a) In the preparation of the annual accounts for the financial year 31^st March, 2025, the applicable
accounting standards had been followed. There are no material departures in the adoption of the
applicable Accounting Standards.

b) appropriate accounting policies have been selected and applied them consistently and judgments and
estimates have been made 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 31^st March, 2025 and of the profit of the
company for that period;

c) proper and sufficient care have been taken for the maintenance of adequate accounting records in
accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the company
and for preventing and detecting fraud and other irregularities;

d) the annual accounts have been prepared on "going concern” basis;

e) the proper internal financial controls are laid down and are adequate and operating effectively.

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

LISTING FEES:

The Equity Shares of the Company are listed on Emerge Platform of NSE Limited and the Company has
paid the applicable listing fees to the Stock Exchange.

RISK MANAGEMENT:

A well-defined risk management mechanism covering the risk mapping and trend analysis, risk
exposure, 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.
Presently no material risk has been identified by the directors except of general business risks, for
which the Company is leveraging on their expertise and experience.

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

A. CONSERVATION OF ENERGY

(i) Steps taken or impact on conservation of energy: -

• Power Factor Improvement activity was carried out through installation of Automatic Capacitor Panels.
There was a net energy saving of 64500 units and Rs.7.50 Lakhs in FY 24-25;

• There was an energy conservation through automatic control of continuous duty motors thus saving
15600 units and Rs. 1.81 Lakhs in FY 24-25

(ii) Steps taken by the Company for utilizing alternate sources of energy: -

• Commissioning of 300 kWp Roof Top Solar Power Plant: Successfully commissioned a 300 kWp rooftop
solar power plant with installations completed in September 2024. The solar power plant generated
significant savings, amounting to INR 20.93 lakh for the fiscal year 24-25. The implementation of this solar
power plant contributed to a substantial reduction in carbon footprint, with a decrease of over 510 tons of
CO2 emissions in the 6 months.

a) Total Energy Consumption and energy consumption per unit of production as per prescribed Form -A
Form -A

A) Power & Fuel Consumption

B) Consumption per unit of Production

B. TECHNOLOGY ABSORPTION

1. Research & Development (R&D)

a. Specific areas in which R&D carried out by the company: NA

b. Benefits derived as a result of above R&D: NA

c. Future plan of action: NA

d. Expenditure on R&D: NA

2. Technology Absorption, Adaptation and innovation - NA

C. FOREIGN EXCHANGE EARNINGS AND OUTGO

Expenditure in Foreign Currency

i) In USD : 713764.10

ii) In Indian Rs: 61059297.04

Foreign Exchange Earning During the Year

i) In USD : 679999.89

ii) In EURO : 1784365.06

iii) In JPY : 6330000

iv) In Indian Rs : 280430575.38

DETAILS ABOUT HOLDING, SUBSIDIARY & ASSOCIATE COMPANIES / JOINT VENTURES:

As on 31^st March, 2025, the Company does not have any holding, subsidiary & associate companies and
has not entered into any joint venture with any other company.

DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION,
PROHIBITION & REDRESSAL) ACT, 2013:

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

The Company has complied with provisions relating to the constitution of Internal Complaints
Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and
Redressal) Act, 2013.

During the Financial Year, the Company had not received any complaints and no complaints were
pending as on 31^st March, 2025.

Further, the Company ensures that there is a healthy and safe atmosphere for every women employee
at the workplace.

PARTICULARS OF EMPLOYEES:

The information containing the names and other particulars of ratio of Directors’ Remuneration to
Median Employees’ Remuneration in accordance with the provisions of 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 attached to this report as Annexure VIII.

The total number of employees on the payroll of the Company are 101 (One Hundred One), Out of them
total male employees are 97 (Ninety-Seven) and total female employee are 4 (Four).

The statement containing names of top ten employees in terms of remuneration drawn and the
particulars of employees as required under Section 197(12) of the Act read with Rule 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.

Further, the report and the accounts are being sent to the Members excluding the aforesaid annexure.
In terms of Section 136 of the Act, the said annexure is open for inspection and any Member interested
in obtaining a copy of the same may write to the Company Secretary.

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS
OR TRIBUNALS:

During the year under review, no significant or material orders have been passed by the Regulators or
Courts or Tribunals which would impact the going concern status of the Company and its operations
in future.

MAINTENANCE OF COST RECORDS & AUDIT:

Your Company is not required to maintain cost records as specified by the Central Government under
Section 148(1) of the Companies Act, 2013. The provision of cost audit does not apply to your
Company.

INTERNAL FINANCIAL CONTROL SYSTEM AND THEIR ADEQUACY:

The Company has an Internal Control System, commensurate with the size, scale and complexity of its
operations. The scope and authority of the Internal Auditor is well defined by the Audit Committee.
The Internal Auditor monitors and evaluates the efficacy and adequacy of Internal Control Systems in
the Company, its compliance with operating systems, accounting procedures and policies at all
locations of the Company.

Based on the report of Internal Auditor, process owners undertake corrective action in their respective
areas and thereby strengthen the controls. Significant audit observations and corrective actions
suggested are presented to the Audit Committee of the Board.

SECRETARIAL STANDARDS COMPLIANCE:

During the year under review, the Company has complied with all the applicable Secretarial Standards
issued by the Institute of Company Secretaries of India and adopted by the Central Government
pursuant to Section 118 of the Companies Act, 2013.

FAMILIARISATION PROGRAMME FOR BOARD MEMBERS / INDEPEDNENT DIRECTORS:

Your Company has a structured programme for the new Board members so as to enable them to
understand the nature of the industry in which the Company operates, its management and its
operations.

They are also familiarized with Company's organizational and governance structure, governance
philosophy/ principles, code of conduct & key policies, Board's way of working & procedures, Formal
information sharing protocol between the Board and the management, Directors' roles &
responsibilities and disclosure obligations.

The details of the familiarization program and process followed can be accessed on the website of the
Company at https://www.obscperfection.com/

BOARD DIVERSITY AND INCLUSION:

Your Company diligently cognizes a culture of diversity and inclusion in the Board as the pre-requisite
for achieving long-term growth and development steered through effective strategy and governance.
In a bid to ensure timely anticipation of risks and opportunities while promoting the persuasive desire
of the stakeholders for greater diversity, our Board reflects an appropriate balance of skills,
professional experiences, personal background and leadership perspectives.

In view of the above, your Company has adopted the Board Diversity Policy and Diversity, Equity &
Inclusion Policy that sets out its approach to diversity. The policies can be accessed on the website of
the Company at https://www.obscperfection.com/

FORMAL ANNUAL EVALUATION OF THE PERFORMANCE OF THE BOARD, ITS COMMITTEES AND
INDIVIDUAL DIRECTORS:

The annual evaluation process of the Board of Directors, individual Directors and Committees was
conducted in accordance with the provision of the Act and the SEBI Listing Regulations.

The Board evaluated its performance after seeking inputs from all the Directors on the basis of criteria
such as the Board composition and structure, effectiveness of Board processes, information and
functioning, etc. The performance of the Committees was evaluated by the Board after seeking inputs
from the committee members on the basis of criteria such as the composition of Committees,
effectiveness of Committee meetings, etc. The above criteria are broadly based on the Guidance Note
on Board Evaluation issued by the SEBI.

The Chairman of the Board had one-on-one meetings with the Independent directors and the Chairman
of NRC had one-on-one meetings with the Executive and Non-Executive, Non-Independent Directors.
These meetings were intended to obtain Directors’ inputs on effectiveness of the Board/ Committee
processes.

The Board and the NRC reviewed the performance of individual Directors on the basis of criteria such
as the contribution of the individual Director to the Board and Committee Meetings like preparedness
on the issues to be discussed, meaningful and constructive contribution and inputs in meetings, etc.

In a separate meeting of independent directors, performance of Non-Independent Directors and the
Board as a whole was evaluated. Additionally, they also evaluated the performance of Chairman of the
Board, taking into account the views of Executive and Non-Executive Directors in the aforesaid
Meeting. The Board also assessed 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. The above evaluations were then discussed in the Board Meeting and
performance evaluation of Independent directors were done by the entire Board, excluding the
Independent Director being evaluated.

MATERNITY BENEFIT:

The Company affirms that it has duly complied with all provisions of the Maternity Benefit Act, 1961,
and has extended all statutory benefits to eligible women employees during the year.

DEMATERIALISATION OF EQUITY SHARES:

As per direction of the SEBI and National Stock Exchange Limited, the shares of the Public Company
must be under compulsory Demat form. The Company has established connectivity with both the
Depositories i.e. National Securities Depository Limited and Central Depository Services (India)
limited and the Demat activation number allotted to the Company is: INE0YHV01011. Presently all the
shares of the company i.e. 100% shares are held in electronic mode.

GENERAL:

Your Directors state that no disclosure or reporting is required in respect of the following items as
there were no transactions on these items or the same were not applicable to the Company during the
year under review:

1. No application has been made or no proceeding is pending under the Insolvency and Bankruptcy Code,
2016 during the period under review.

2. There is no difference between the 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, if any during period under
review.

DISPATCH OF ANNUAL REPORT THROUGH ELECTRONIC MODE:

In compliance with various MCA Circulars and SEBI Circulars, notice of the AGM along with the Annual
Report 2024-25 is being sent only through electronic mode to those members whose email addresses
are registered with the Company/RTA/Depositories. Members may note that the Notice and Annual
Report 2024-25 will also be available on the Company’s website at https://www.obscperfection.com/
website of the Stock Exchange, i.e., NSE Limited at www.nseindia.com and on the website of the
Company’s Registrar and Transfer Agent, Bigshare Services Private Limited at
https: //www.bigshareonline.com / .

PARTICULARS OF LOANS AND INVESTMENT:

The Company has not made any Investment, given guarantee and securities during the financial year
under review. Therefore the provisions of section 186 of Companies Act, 2013 are not applicable to
the Company.

APPRECIATIONS AND ACKNOWLEDGEMENT:

Your Directors wish to place on record their sincere appreciation for significant contributions made
by the employees at all levels through their dedication, hard work and commitment, enabling the
Company to achieve good performance during the year under review.

Your Directors also take this opportunity to place on record the valuable co-operation and support
extended by the banks, government, business associates and the shareholders for their continued
confidence reposed in the Company and look forward to having the same support in all future
endeavor.

By order of the Board of Directors
OBSC PERFECTION LIMITED
(Formerly known as OBSC Perfection Private Limited)

Sd/- Sd/-

ASHA NARANG SAKSHAM LEEKHA
Place: Delhi Chairperson and Non-Executive Director Managing Director

Date: 29.08.2025 DIN: 00296714 DIN: 07389575