Your directors have the pleasure in presenting the 45^th Annual Report along with the Audited
Financial Statements, Auditor’s Report on the business and operations of your company for the
financial year ended March 31^st, 2025.

Financial Results

The financial performance of the Company for the financial year ended March 31, 2025 is
summarized below:

Review of Performance and state of the company’s affairs

During the year under review, the overall performance of the Company was reasonable considering
to the sector/market conditions. The earnings from operations are Rs. 68,986.51 thousand as
against the previous year of Rs. 3,06,793.48 thousand. Simultaneously, profit after tax of the
company was to Rs. 49.54 thousand as against the profit after tax of the previous year Rs. 792.03
thousand.

Dividend

In view of the planned business growth, your directors deem it proper to preserve the resources
of the Company for its activities and therefore, do not propose any dividend for the Financial Year
ended 31st March, 2025.

Reserves

The Company has transferred INR 49.54 thousand. to Reserves during the financial year 2024-25.
Share Capital

During the year under review, there has been no change in the Share Capital of the Company.

The Authorized Share Capital of the company is Rs. 12,00,00,000/- (Rupees Twelve Crores only)
divided into 1,20,00,000 Equity Shares of Rs. 10./- (Rupees Ten only) each.

The Issued, Subscribed and Paid-up Capital of the Company as on 31^st March, 2025 is Rs.
10,07,50,000 (Ten Crore Seven Lakhs Fifty thousand) divided into 10,075,000 Equity Shares of Rs.
10./- (Rupees Ten only) each. During the period under review there is no change in authorized
and paid-up share capital of the Company.

The Company has not issued any shares with differential rights and hence no information as per
provisions of Section 43(a) (ii) of the Companies Act, 2013 read with Rule 4(4) of the Companies
(Share Capital and Debenture) Rules, 2014 is furnished.

Listing

The Securities Exchange Board of India (SEBI), on September 02^nd 2015, has issued SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 with an aim to consolidate and
streamline the provisions of listing agreement for different segments of capital market to ensure
better enforceability. The said regulations were effective from December 1^st, 2015. Accordingly,
all listed entities were required to enter into the Listing Agreement within 6 months from the
effective date. The Company entered into listing agreement with the BSE Limited.

The Company confirms that it has paid the Annual Listing Fees for the year 2024-25 BSE where the
Company’s Shares are listed.

Directors & Key Managerial Personnel:

The Board of Directors of your company is duly constituted. The Board consists of Four Directors
comprising of One Executive Director Three Non-Executive Director, and Two Independent
Directors.

The Board is efficient and the directors have requisite knowledge and exposure to provide requisite
insights and direction to the Management of the Company.

The Directions given to the management are actually implemented and executed through the
Managing Director and Whole Time Director.

With this structure, the management has ensured that the board is independent of the
management in decision making and provides the requisite insights of the various external factors
which the internal employees do not have access to.

Your directors believe that the Board must consciously create a culture of leadership to provide a
long-term vision and policy approach to improve the quality of governance. The Board’s actions
and decisions are aligned with the Company’s best interests.

The company has maintained an optimum combination of Executive and Non-Executive Directors.
The composition of the Board, Category, DIN of Directors are as follows:

Proposed Appointments

1. Ms. Venkata Surya Sri Lakshmi Malapaka who was liable to retire by rotation was proposed to
be appointed as director of the company in this Annual general meeting of the company.

The following are the Key Managerial personnel of the Company as on 31.03.2025:

During the year, Mr. Pratik Rajendrakumar Koralwala, Company Secretary of the Company,
resigned from his position with effect from 10th December, 2024. Sree Jithender Kondabathini
Chief Financial Officer of the Company, resigned from his position with effect from 13^th
November, 2024

Number of meetings of the board:

The Board has duly met 6 (Six) times during the period under review. The gap between any two
Board Meetings is within the period prescribed by the Companies Act, 2013 and Listing Agreement.
and the details of meetings are as follows:

Meetings of the Members

The Last i.e. the 44^th Annual General Meeting of the Company for the financial year 2023-2024 was
held on 30/09/2024 at the Registered Office of the Company.

particulars of the extra-ordinary general meeting of the company held during the year

There was no Extra Ordinary General Meeting held during the year under consideration.
Declarations by Independent Directors:

The Company has received declarations form the Independent Director under Section 149(6) of
the Companies Act, 2013 confirming their independence vis-a-vis the Company.

Board evaluation and assessment:

The company believes formal evaluation of the board and of the individual directors, on an annual
basis, is a potentially effective way to respond to the demand for greater board accountability
and effectiveness. For the company, evaluation provides an ongoing means for directors to assess
their individual and collective performance and effectiveness. In addition to greater board
accountability, evaluation of board members helps in:

a. More effective board process

b. Better collaboration and communication

c. Greater clarity with regard to members roles and responsibilities

d. Improved chairman - managing directors and board relations

The evaluation process covers the following aspects

- Self-evaluation of directors

- Evaluation of the performance and effectiveness of the board

- Evaluation of the performance and effectiveness of the committees

- Feedback from the non-executive directors to the chairman

- Feedback on management support to the board.

Familiarisation Programme for Independent Directors

The Company shall through its Senior Managerial personnel familiarise the Independent Directors
with the strategy, operations and functions of the Company. The Independent Directors will also
be familiarised with their roles, rights and responsibilities and orientation on Statutory
Compliances as a Board Member.

On appointment of the Independent Directors, they will be asked to get familiarised about the
Company’s operations and businesses. An Interaction with the key executives of the Company is
also facilitated to make them more familiar with the operations carried by the company. Detailed
presentations on the business of the company are also made to the Directors. Direct meetings with
the Chairman and the Managing Director are further facilitated for the new appointee to
familiarize him/her about the Company/its businesses and the group practices as the case may be
and link is available at the website www.pmtele.com.

Appointment and Remuneration Policy

The Company’s remuneration policy is driven by the success and performance of the individual
employee and the Company. Through its compensation programme, the Company endeavours to
attract, retain, develop and motivate a high-performance workforce. The Company follows a
compensation mix of fixed pay, benefits and performance based variable pay. Individual
performance pay is determined by business performance and the performance of the individuals
measured through the annual appraisal process.

The Board on the recommendation of the Nomination & Remuneration Committee framed a policy
for selection and appointment of Directors, Senior Management and their remuneration including
criteria for determining qualifications, positive attributes and independence of a director. The
Remuneration Policy is available on the website of the Company viz. www.pmtele.com.

Directors’ Responsibility Statement

Pursuant to the requirement under section 134 (3) and (5) of the Companies Act 2013, with respect
to Directors’ Responsibility Statement, your board of directors to the best of their knowledge and
ability confirm that:

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

b. such accounting policies have been selected and applied consistently and the Directors
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 as at 31^st March, 2025 and of the profit/loss
of the Company for that year;

c. proper and sufficient care was taken 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 annual accounts of the Company have been prepared on a going concern basis;

e. internal financial controls have been laid down to be followed by the Company and that
such internal financial controls are adequate and were operating effectively;

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

Constitution and Composition of Committees

The Audit Committee of the company is duly constituted as per section 177 of the Companies Act,
2013. Composition and Scope of Audit Committee is provided under the Corporate Governance
report annexed herewith.

Audit Committee

1. Mr. Kadakia Amish Bharat - Chairman

2. Mr. Patlolla Laxmi Kanth Reddy - Member

3. Mr. Ravi Surana Pukhraj - Member

COMMITTEES OF THE BOARD:

The Nomination & Remuneration Committee along with Stakeholders Relationship committee is
constituted as per the applicable provisions and its composition is as follows:

Nomination & Remuneration Committee cum Compensation Committee

1. Mr. Kadakia Amish Bharat - Chairman

2. Mr. Patlolla Laxmi Kanth Reddy - Member

3. Ms. Malapaka Venkata Surya Lakshmi - Member

Stakeholders Relationship Committee

1. Mr. Kadakia Amish Bharat - Chairman

2. Mr. Patlolla Laxmi Kanth Reddy - Member

3. Mr. Ravi Surana Pukhraj - Member

Corporate Governance

In pursuance of Regulation 15 to 27 read with Schedule V of SEBI (Listing Obligations & Disclosure
Requirements) Regulations, 2015, entered into with the Stock Exchanges, Corporate Governance
report shall applicable to the company for the financial year ended 31^st March, 2025.

However, in pursuance of Schedule V of SEBI (Listing Obligations & Disclosure Requirements)
Regulations, 2015, a certificate from Mr. N.V.S.S. Suryanarayana, Practicing Company Secretary,
(Mem No. 5868 & Certificate of Practice Number 2886) in compliance with (i) of Point (10) of Para
C of Schedule V of Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 is annexed as Annexure-II & III and forms part of this Report.

Secretarial Audit Report

Pursuant to the provisions of Section 204 read with Section 134(3) of the Companies Act, 2013,
the company is required to obtain Secretarial Audit Report from Practicing Company Secretary.
Mr. N.V.S.S. Suryanarayana, Practising Company Secretary (Mem No. 5868 & Certificate of Practice
Number 2886) was appointed as secretarial auditor to issue Secretarial Audit Report for the
financial year ended 31^st March, 2025.

Secretarial Audit Report issued by Mr. N.V.S.S. Suryanarayana an, Practising company secretary in
Form MR-3 for the financial year 2024-25 forms part to this report as ‘Annexure - IV’.

Replies to Secretarial Auditor’s Report

Management Discussion & Analysis

The Management Discussion and Analysis Report highlighting the industry structure and
developments, opportunities and threats, future outlook, risks and concerns etc. is annexed as
Annexure V.

Statutory Auditors

M/s. Gupta Raj & Co. Chartered Accountant, Mumbai (Firm Registration No. 001687N) were
appointed as Statutory Auditors of the Company, for a term of 5 (Five) consecutive years, at the
44^th Annual General Meeting held on 30^th September, 2024 to hold the office at P.M. Telelinnks
Limited till the conclusion of 49^th Annual General Meeting of the Company to be for the financial
year 2029-30. They have confirmed that they are not disqualified from continuing as Auditors of
the Company.

Reporting of frauds by auditors

During the year under review, neither the statutory auditors nor the secretarial auditor has
reported to the audit committee, under Section 143 (12) of the Companies Act, 2013, any instance
of fraud committed against the company by its officers or employees, the details of which would
need to be mentioned in the Directors’ Report.

Management Replies to Auditors Report:

With reference to observations made in Auditor’s Report, the notes to account are self¬
explanatory and therefore do not call for any further comments.

Internal Audit Report

The Company has appointed the Internal Auditor for the Financial Year 2024-25.

Cost Audit Report

The provisions of Section 148 of the Companies Act, 2013 does not apply to the Company and
hence, no cost auditors are appointed.

Business Responsibility Report (BRR)

Securities Exchange Board of India (SEBI) by notification No. SEBI/LAD-NRO/GN/2019/45 dated
26.12.2019 (Securities and Exchange Board of India - Listing Obligations and Disclosure
Requirements) (Fifth Amendment) Regulations, 2019 has mandated the inclusion of BRR as part of
the Annual Report for the top 1000 listed entities based on their market capitalization on BSE Ltd
and National Stock Exchange of India Ltd as at 31st March of every year. In view of the
requirements specified, the company is not mandated for the providing the BRR and hence do not
form part of this Report.

Corporate Social Responsibility

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

Particulars of Loans, Guarantees and Investments

There are no loans, guarantees, or investments to report under the provisions of Section 186 of
the Companies Act, 2013.

Whistle Blower Policy/Vigil Mechanism

Pursuant to the provisions of section 177 of the Companies Act, 2013 and the rules framed there
under and pursuant to the applicable provision of SEBI (Listing Obligations and disclosure
Requirements) Regulations, 2015 the listing agreement entered with stock exchanges, the
company has established a mechanism through which all stake holders can report the suspected
frauds and genuine grievances to the appropriate authority.

The Whistle blower policy which has been approved by the board of directors of the company has
been hosted on the website of the company viz www.pmtele.com.

Secretarial Standards

The Company has complied with all the applicable secretarial standards for the financial year
2024-25.

Prevention of Insider Trading

The Company has adopted a Code of Conduct for Prevention of Insider Trading with a view to
regulate trading in securities by the Directors and designated employees of the Company. The
Code requires pre-clearance for dealing in the Company’s shares and prohibits the purchase or
sale of Company shares by the Directors and the designated employees while in possession of
unpublished price sensitive information in relation to the Company and during the period when
the Trading Window is closed.

Members of the Board have confirmed compliance with the Code.

Risk Management Policy

Your Company has put in place a risk management policy based on globally recognized standards
which enables the company to proactively take care of the internal and external risks of the
company and ensures smooth business operations.

The company’s risk management policy ensures that all its material risk exposures are properly
covered, all compliance risks are covered and the company’s business growth and financial
stability are assured. Boards of Directors decide the policies to ensure the protection of company
from any type of risks.

Disclosures Under Sexual Harassment of Women at Workplace (Prevention, Prohibition &
Redressal) Act, 2013

The Company has in place an Anti-Sexual Harassment Policy in line with the requirements of The
Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013.
Internal Complaints Committee (ICC) has been set up to redress complaints received regarding
sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered
under this policy.

The following is a summary of sexual harassment complaints received and disposed of during the
period under review:

• No. of complaints received: - NIL

• No. of complaints disposed of: - NIL

Maternity Benefit Provided by the Company Under Maternity Benefit Act 1961

The Company declares that it has duly complied with the provisions of the Maternity Benefit Act,
1961. All eligible women employees have been extended the statutory benefits prescribed under
the Act, including paid maternity leave, continuity of salary and service during the leave period,
and post-maternity support such as nursing breaks and flexible return-to-work options, as
applicable. The Company remains committed to fostering an inclusive and supportive work
environment that upholds the rights and welfare of its women employees in accordance with
applicable laws.

Particulars of Contracts or arrangements with related parties

All the related party transactions that were entered during the financial years were in the ordinary
course of business of the company and were on arm length basis. There were no materially
significant related party transactions entered by the company during the year with the promoters,
directors, key managerial personnel or other persons which may have a potential conflict with the
interest of the company.

Particulars of every contract or arrangements entered into by the Company with related parties
referred to in sub-section (1) of section 188 of the Companies Act, 2013 including certain arm’s
length transactions under third proviso thereto shall be disclosed in Form No. AOC-2 as ‘Annexure
I’ to this report.

Material changes and commitments, if any, affecting the financial position of the company

There are 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 the report.

Details of significant and material orders passed by the regulators or courts or tribunals
impacting the going concern status and company's operations in future

No significant and material order has been passed by the regulators, courts, tribunals impacting
the going concern status and Company's operations in future

Public Deposits

The Company has not accepted any Deposits during the year and there are no outstanding or
overdue deposits as on this date within the meaning of Section 73 of the Companies Act, 2013 as
amended and in force.

Particulars of Employees

Details in respect of remuneration paid to employees as required under Section 197(12) of the
Companies Act, 2013, read with Rule 5 of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014, as amended, forms part of this report. In terms of Section 136
of the Companies Act, 2013 the same is open for inspection at the Registered Office of the
Company.

Your Company is paying any remuneration to its Director hence, the ratio of the remuneration of
each Director to the median employee’s remuneration and other details in terms of Section
197(12) of the Companies Act, 2013 read with Rule 5 of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, does not form part of this Report.

Details of Subsidiary, Joint Venture or Associate Companies

The Company does not have any Subsidiary, Joint Venture or an Associate Company as on
31.03.2025.

Annual Return

The Ministry of Corporate Affairs vide Companies (Amendment) Act, 2017 effective from 28th
August, 2020, has dispensed the requirement to attach extract of Annual Return in form MGT-9 to
the Board’s report, provided every Company shall place a copy of Annual return on the website of
the Company, if any and disclose the web-link of such Annual return in the Board’s report.

The copy of Annual Return in Form MGT-7 as on March 31, 2025 will be available on the Company’s
website and can be accessed at the given web-link www.pmtele.com.

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

A) Conservation of Energy

(B) Technology absorption

Foreign Exchange Earnings and Outgo

There were no foreign earnings and outgo during the financial year 2024-25.

Internal Audit & Controls

The Company has adequate Internal Financial Controls consistent with the nature of business and
size of the operations, to effectively provide for safety of its assets, reliability of financial
transactions with adequate checks and balances, adherence to applicable statues, accounting
policies, approval procedures and to ensure optimum use of available resources. These systems
are reviewed and improved on a regular basis. It has a comprehensive budgetary control system
to monitor revenue and expenditure against approved budget on an ongoing basis.

Internal Financial Control Systems

The Company has adequate Internal Financial Controls consistent with the nature of business and
size of the operations, to effectively provide for safety of its assets, reliability of financial
transactions with adequate checks and balances, adherence to applicable statues, accounting
policies, approval procedures and to ensure optimum use of available resources. These systems
are reviewed and improved on a regular basis. It has a comprehensive budgetary control system
to monitor revenue and expenditure against approved budget on an ongoing basis.

Statement in respect of Adequacy of Internal Financial Controls with reference to the
Financial Statements:

The Directors have laid down Internal Financial Controls procedures to be followed by the Company
which ensure compliance with various policies, practices and statutes in keeping with the
organization’s pace of growth and increasing complexity of operations for orderly and efficient
conduct of its business. The Board, from time to time, evaluated the adequacy and effectiveness
of internal financial control of the Company with regard to: -

1. Systems have been laid to ensure that all transactions are executed in accordance with
management's general and specific authorization. There are well-laid manuals for such
general or specific authorization.

2. Systems and procedures exist to ensure that all transactions are recorded as necessary to
permit preparation of Financial Statements in conformity with Generally Accepted
Accounting Principles or any other criteria applicable to such statements, and to maintain
accountability for aspects and the timely preparation of reliable financial information.

3. Access to assets is permitted only in accordance with management's general and specific
authorization. No assets of the Company are allowed to be used for personal purposes,
except in accordance with terms of employment or except as specifically permitted.

4. The existing assets of the Company are verified/checked at reasonable intervals and
appropriate action is taken with respect to differences, if any.

5. Proper systems are in place for prevention and detection of frauds and errors and for
ensuring adherence to the Company’s policies.

Industrial Relations

The company enjoyed cordial relations with its employees during the year under review and the
Board appreciates the employees across the cadres for their dedicated service to the Company,
and looks forward to their continued support and higher level of productivity for achieving the
targets set for the future.

Human Resources

Your Company treats its “human resources” as one of its most important assets.

Your Company continuously invests in attraction, retention and development of talent on an
ongoing basis. Your Company thrust is on the promotion of talent internally through job rotation
and job enlargement

Details Of Application Made or Any Proceeding Pending Under the Insolvency and Bankruptcy
Code, 2016 (31 Of 2016)

During the period under review, there was neither application made nor any proceeding initiated
or pending under the Insolvency and Bankruptcy code, 2016

Details Of Difference Between Amount of The Valuation Done at The Time of One Time
Settlement and The Valuation Done While Taking Loan from The Banks or Financial Institutions
Along with The Reasons Thereof

During the period under review, there was no one time settlement with Bank
General

Your directors state that no disclosure or reporting is required in respect of the following matters
as there were no transactions on these matters during the year under review:

• Issue of equity shares with differential rights as to dividend, voting or otherwise.

• Issue of shares (including sweat equity shares) to employees of the company under any scheme
save and except Employees’ Stock Options Schemes referred to in this report.

• There has been no change in the nature of business of the company.

• There is no proceeding pending under the Insolvency and Bankruptcy Code, 2016.

• There was no instance of onetime settlement with any bank or financial institution

Personnel

Your directors place on records their appreciation for the services rendered by the employees.
The relation between the management and the employees has been cordial throughout the year.

Acknowledgements

Your directors wish to express their appreciation of the support and co-operation of the Central
and the State Government, bankers, financial institutions, business associates, employees,
shareholders, customers, suppliers and alliance partners and seeks their continued patronage in
future as well.

For and on behalf of the Board of
P.M. TELELINNKS
LIMITED

Place: Hyderabad Sd/- Sd/-

Date: 14.08.2025 Venkata Surya Sri Lakshmi Malapaka Ravi Surana Pukhraj

Director Managing Director & CEO

DIN: 07169994 DIN: 01777676