Your directors have the pleasure of presenting the Fourteenth Annual Report together with the Audited Financial Statements of your Company for the financial Year ended March 31, 2026.

1. FINANCIAL SUMMARY:

The Company's financial performance for the financial year ended March 31, 2026:

2. BUSINESS PERFORMANCE:

(a) consolidated financial results

Your Company has achieved a consolidated total revenue of INR 13,823.01 lakhs during the financial year ended 31 March 2026 as against a total revenue of INR 8,576.87 lakhs in the corresponding previous financial year ended 31 March 2025. Consolidated profit before tax for the year stood at INR 1,931.55 lakhs compared to INR 1,309.08 lakhs for the previous corresponding year. The Profit after tax for the period stood at INR 1,810.48 lakhs as against a profit of INR 1,189.35 lakhs during the corresponding year.

(b) standalone financial results

The standalone revenue stands at INR. 9,555.83 lakhs during the financial year ended March 31, 2026

as against a total revenue of INR 6,149.79 lakhs in the corresponding previous financial year ended 31 March, 2025. The standalone profit before tax stood at INR 396 lakhs compared to INR 535.31 lakhs for the previous corresponding year. The Profit after tax for the period stood at INR 330.12 lakhs as against a profit of INR 510.22 lakhs during the corresponding year.

3. RESERVE & SURPLUS:

The Board of Directors have decided to retain the amount remaining after payment of dividend of Rs.1,05,97,399 under Retained Earnings. Accordingly, your Company has not transferred any amount to General Reserves for the year ended March 31, 2026.

4. CHANGE IN THE NATURE OF BUSINESS:

The Company did not commence any new line of business, nor did it discontinue, sell, or dispose of any of its existing businesses during the year under review. However, the Company acquired the software business of Estel Technologies and accordingly established a new division, namely the Estel Division. The activities of this division are similar in nature to the Company's existing business operations. Further, there was no change in the nature of business carried on by the Company's subsidiaries during the year under review.

5. MATERIAL CHANGES AFFECTING THE FINANCIAL POSITION OF THE COMPANY:

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

6. DIVIDEND

Your Directors have recommended a final dividend of Re. 1 (at the rate of 10 percent) per equity share out of the profits of the Company for the year ended on 31st March 2026, on the 1,05,97,399 fully paid up equity shares of the Company absorbing Rs. 1,05,97,399 out of the profits, subject to members approval at the Annual General Meeting.

7. SHARE CAPITAL OF THE COMPANY

(a) authorized share capital

The authorized share capital of the Company as on 31 March 2026 was INR 12,00,00,000 (Rupees Twelve Crore Only) divided into 1,20,00,000 (One crore twenty lakh) Equity Shares of INR.10/- (Rupees Ten only) each.

(b) paid-up share capital

The paid-up Equity share capital of the Company has been increased during the year, and as on 31 March 2026, was INR 10,59,73,990 (Rupees Ten crore fifty nine lakhs seventy three thousand nine hundred and ninety only) divided into 1,05,97,399 (One crore five lakh ninety seven thousand three hundred ninety nine) equity shares of INR10/- (Rupees Ten Only).

PREFERENTIAL ALLOTMENT

During the year, the Company issued and allotted 1,90,736 Equity shares at a premium of INR 357 on preferential basis on 22 July, 2025, having a face value of INR.10/- each, to Atlanta Capital Private Limited.

8. CHANGE IN THE NAME OF THE COMPANY:

There was no change in the name of the company during the year.

9. DIRECTORS AND KEY MANAGERIAL PERSONNEL:

The Board of Directors of the Company as on 31 March, 2026 comprised of four (4) Directors out of which one (1) is Executive Director and one (1) is Non-Executive Director and two (2) are Independent Directors. The composition of the Board of Directors of the Company is in accordance with the provisions of Section 149 of the Companies Act, 2013 and Regulation 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with an appropriate combination of Executive, Non-Executive and Independent Directors.

The Directors and Key Managerial Personnel of the Company are summarized below:

*Ms. Lakshmy Mohanan was appointed as the Company Secretary and Compliance Officer w.e.f. 08th April 2026.

During the year, the following changes occurred:

• Ms. Khushboo Sharma resigned from the position of Company Secretary and Compliance Officer w.e.f. 09th February 2026.

Pursuant to the provisions of Section 152 of the Companies Act, 2013, Mr. Subash Menon (DIN: 00002486) will retire by rotation at the Fourteenth Annual General Meeting and being eligible, has offered himself for re-appointment.

None of the Directors of the Company are disqualified under Section 164(2) of the Companies Act, 2013.

10. KEY MANAGERIAL PERSONNEL (KMP):

In terms of the provisions of Sections 2(51) and 203 of the Companies Act, 2013(the 'Act'), the following are the KMPs of the Company:

• Subash Menon, Chairman & Managing Director.

• Sharat G Hegde, Chief Financial Officer.

• Lakshmy Mohanan, Company Secretary and Compliance Officer. (w.e.f. 08.04.2026)

11. DECLARATION BY INDEPENDENT DIRECTORS:

Directors who are Independent, have submitted a declaration as required under Section 149(7) of the Act that each of them meets the criteria of Independence as provided in Sub Section (6) of Section 149 of the Act and under Regulation 16 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time and there has been no change in the circumstances which may affect their status as Independent Director during the year. In the opinion of the Board, the Independent Directors possess an appropriate balance of skills, experience and knowledge, as required.

Further, in terms of Section 150 of the Act read with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014, Independent Directors of the Company have confirmed that they have registered themselves with the databank maintained by the Indian Institute of Corporate Affairs (IICA).

(a) Board of Directors:

During the financial year 2025-26, 9(Nine) meetings of the Board of Directors were held and the details of meetings attended by the Directors are as follows:

(b) Audit Committee of Board of Directors:

As a measure of good Corporate Governance and to provide assistance to the Board of Directors in overseeing the Board's responsibilities, an Audit Committee was formed as a sub-committee of the Board. The Committee is in line with the requirements of Section 177 of the Act, and Regulation 18 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The terms of reference of the Audit Committee covers all matters specified in Part C of Schedule II of Regulation 18 (3) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and also those specified in Section 177 of the Act.

During year under review four (4) Audit Committee meetings were held dated:

1. May 05, 2025

2. Aug 01, 2025

3. Nov 07, 2025

4. Feb 03, 2026

The composition and attendance of the members for the Audit Committee Meetings held during the year are as follows:

(c) Nomination and Remuneration Committee:

In compliance with Regulation 19 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Section 178 of the Act, the Board has constituted the "Nomination and Remuneration Committee".

During year under review one (1) Nomination and Remuneration Committee meeting was held dated: Jan 16, 2026

The composition and attendance of the members for the Nomination & Remuneration Committee are as follows:

(d) Stakeholders Relationship Committee:

In compliance with the provisions of Section 178 of the Act, and Regulation 20 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board has constituted the "Stakeholders' Relationship Committee"

The Stakeholders' Relationship Committee has been formed for the effective redressal of the investors' complaints and reporting of the same to the Board periodically.

(e) Corporate Social Responsibility Committee:

In compliance with the provisions of Section 135 of the Act, the Board of Directors is managing the CSR spend as the same has not exceeded the threshold limit of INR 50 lakhs. The Company is in compliance with Section 135(9) of the Act.

13. EVALUATION OF BOARD:

Pursuant to the provisions of the Act, and Regulation 17 read with Part D of Schedule II to the Listing Regulations, the Management carried out proper evaluation of the Independent Directors prior to their appointment, on the basis of contribution towards development of the Business and various other criteria like experience and expertise, performance of specific duties and obligations etc.

The Company being an SME Listed Entity has two Independent Directors on Board, one Executive Director and one Non-executive Director. Pursuant to Schedule IV of Section 149(8) of the Companies Act, 2013, a meeting of the Independent Directors was duly held on 3 February 2026.

14. VIGIL MECHANISIM:

Your Company has formulated and published a Whistle Blower Policy to provide a mechanism ("Vigil Mechanism") for employees including Directors of the Company to report genuine concerns. The provisions of this policy are in line with the provisions of Section 177 (9) of the Act. The Whistle Blower Policy (Vigil Mechanism) is uploaded on the Company web link: https://www.pelatro.com/ corporate-policies-and-disclosures/

15. COMPANY'S POLICY RELATING TO DIRECTORS' APPOINTMENT, PAYMENT OF REMUNERATION AND DISCHARGE OF THEIR DUTIES:

Your Company has formulated and published The Nomination & Remuneration Policy for Directors, Key Managerial Personnel and Senior Management. The provisions of this policy are in line with the provisions of Section 178(1) of the Act. The Policy is uploaded on the website of the company. The web link is https://www.pelatro.com/corporate-policies-and-disclosures/

16. DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to the requirements under Section 134, Sub-section 3(c) and Sub-section 5 of the Companies Act, 2013, the Board of Directors, to the best of their knowledge and ability, state and confirm that:

• In preparation of the annual accounts, the applicable Accounting Standards have been followed, along with proper explanation relating to material departures, if any;

• Such Accounting Policies have been selected and applied consistently, and judgements and estimates have been made that are reasonable and prudent to give a true and fair view of the Company's state of affairs as on 31 March 2026 and of the Company's profit or loss for the year ended on that date;

• Proper and sufficient care has 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;

• The annual Financial Statements have been prepared on a Going Concern Basis;

• Internal financial controls have been laid down to be followed by the Company, and such internal financial controls were adequate and operating effectively;

• Proper systems were devised to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

17. ADEQUACY OF INTERNAL FINANCIAL CONTROLS:

The Company has in place adequate internal financial controls with reference to financial statement across the organization. The same is subject to review periodically by the internal auditors for its effectiveness. During the financial year, such controls were tested and no reportable material weaknesses in the design or operations were observed. The Statutory Auditors of the Company also test the effectiveness of Internal Financial Controls in accordance with the requisite standards prescribed by ICAI. Their expressed opinion forms part of the Independent Auditor's report.

Internal Financial Controls are an integrated part of the risk management process, addressing financial and financial reporting risks. The internal financial controls have been documented, digitized and embedded in the business processes.

Assurance on the effectiveness of internal financial controls is obtained through management reviews, control self-assessment, continuous monitoring by functional experts. We believe that these systems provide reasonable assurance that our internal financial controls are designed effectively and operated as intended. During the year, no reportable material weakness was

observed.

18. SUBSIDIARY, JOINT VENTURE AND ASSOCIATE COMPANY:

As on 31 March 2026, your Company had two wholly owned subsidiaries. There were no Joint venture(s) and no Associate company(ies). AOC-1 is attached as Annexure A forming part of this Report. Your company has consolidated the accounts for current as well as previous year's financial statements.

19. SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS:

During the year, no significant and material orders were passed by the regulators or courts or tribunals impacting on the going concern status and company's operations in the future.

20. EXTRACT OF ANNUAL RETURN:

The Annual return referred to in Sub Section (3) of Section 92 of the Act, for the financial year ended 31.03.2026 will be placed on the website of the company at https://www.pelatro.com/financial-reports/

21. AUDITORS AND AUDITOR'S REPORT:

(a) statutory auditor

M/s. P. CHANDRASEKAR LLP, Chartered Accountants, Bangalore (Firm Registration No. 000580S/ S200066), were appointed as the statutory auditors of the company from April 1, 2025 to hold office up to the conclusion of the Annual General Meeting to be held for the financial year 202930 at a remuneration as mutually agreed upon by the Board of Directors and approved by the shareholders.

Statutory Auditor's Report

The Auditors' Report for the Financial Year ended March 31, 2026 does not contain any qualification, reservation or adverse remark. The Notes on financial statements referred to in the Auditor's Report are self-explanatory and do not call for any further comments. The Auditor's Report does not contain any qualification, reservation, adverse remark, or disclaimer. No fraud has been reported by the Auditor under Section 143(12) of the Act requiring disclosure in the Board's Report.

(b) secretarial auditor

Pursuant to Section 204(1) of the Act the Company is required to obtain Secretarial Audit Report and annex the same to the Boards Report. Accordingly, M/s. KDSH and Associates LLP, Company Secretaries, has been appointed as the Secretarial auditors of the Company for a term of five

Secretarial Auditor's Report

The Secretarial Audit Report is annexed as Annexure B and forms an integral part of this Report.

The Secretarial Auditors have not expressed any qualifications in their Secretarial Audit Report for the year under review. Pursuant to Regulation 24A of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD1/27/2019 dated 08 February 2019, the Annual Secretarial Audit Report forms part of this Report and is uploaded on the website of the Company.

(C) INTERNAL AUDITOR

Pursuant to Section 138 of the Act the Company has appointed M/s. R. Subramanian and Company LLP, Chartered Accountants, headquartered Chennai as the Internal auditors of the Company for the term FY 2025-26.

The Internal Auditors conducted the internal audit during the year confirming that the Company's internal control systems are adequate and operating effectively.

22. CORPORATE SOCIAL RESPONSIBILITY POLICY:

The Annual Report on CSR activities as required to be given under the Act read with Rule 8 of the Companies (Corporate Social Responsibility Policy) Rules 2014 has been provided as Annexure C to this Report. The Company has adopted its Corporate Social Responsibility Policy ("the CSR Policy") in line with the provisions of the Act. The CSR Policy deals with objectives, scope/areas of CSR activities, implementation and monitoring of CSR activities, CSR budget, reporting, disclosures etc. The policy on Corporate Social Responsibility is uploaded on the website of the Company.

23. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186:

During the financial year, the Company did not provide any loans, guarantees, or securities in connection with any loan to any person or body corporate under Section 186 of the Companies Act, 2013. However, the Company acquired shares of Estel Technologies International FZE by way of subscription/purchase, the details of which are provided below. Apart from the aforesaid acquisition, the Company did not make any investments in the securities of any other body corporate falling within the purview of Section 186 of the Act.

Name of the entity: Estel Technologies International FZE Date of acquisition: July 01, 2025 Extent of shareholding: 100%

24. PUBLIC DEPOSIT:

The Company has neither accepted nor renewed any deposits during the year. However, Loan from Directors/Relative of Directors outstanding during the year are as follows:

*At the time of accepting of the amount it was an exempted Deposit as the lender was a Director at that time. As on the reporting date he is no longer on the Board.

25. RISK MANAGEMENT POLICY:

The Board of Directors of the Company have framed a Risk Assessment and Management Policy and are responsible for reviewing the risk management plan and ensuring its effectiveness. The Audit Committee exercises additional oversight in the area of financial risks and controls. Major risks identified by the businesses and functions are systematically addressed through mitigating actions on a continuing basis.

26. RELATED PARTIES TRANSACTIONS:

All Related Party Transactions (RPT) that were entered into during the financial year were on an arm's length basis and in the ordinary course of business. The disclosure of material RPT is required to be made under Section 134(3)(h) read with Section 188(2) of the Companies Act, 2013 in Form AOC 2 is attached as Annexure D forming part of this Report. The details of the material RPT, entered into during the year by the Company as approved by the Board, are given as Annexure to this Report. Your Directors draw your attention to Notes to the Standalone and Consolidated financial statements, which set out related party disclosures.

27. INSIDER TRADING REGULATIONS AND CODE OF DISCLOSURE:

The Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information and Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of Trading by Insiders in accordance with the requirements of the SEBI (Prohibition of Insider Trading) Regulation, 2015 and in view of recent amendments to the SEBI (Prohibition of Insider Trading) 2015 by SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018, the Policy on Determination of Legitimate purpose and the Policy on inquiry in case of leak or suspected leak of UPSI are adopted by the Company and are made available on the Website of the Company.

Weblink: https://www.pelatro.com/corporate-policies/

28. MANAGEMENT'S DISCUSSION AND ANALYSIS:

The Management Discussion and Analysis Report for the year under review, as stipulated under Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 forms part of this Report as well.

29. CORPORATE GOVERNANCE REPORT:

In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, corporate governance provisions are not mandatory for the Company, as it is listed as a Small and Medium-sized Enterprise (SME).

30. MAINTENANCE OF COST RECORDS:

Maintenance of cost records as specified by the Central Government under section 148(1) of the Act, is not applicable to the Company.

31. COMPLIANCE WITH MATERNITY BENEFIT ACT:

To the extant applicability the Company has met with the respective compliances under the Maternity Benefit Act, 1961.

32. EMPLOYEE STOCK OPTION SCHEMES:

During the year, the Company has implemented Employee Stock Option Plan 2025 ("ESOP 2025").

The shareholders approved the plan on 20th November, 2025 via postal ballot. The Compliance Certificate from Secretarial Auditors has been obtained and will be placed before the members in the AGM. Pursuant to Regulation 14 read with Schedule I Part F of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 the disclosures on the Schemes is uploaded on the website of the Company and can be accessed at the weblink: https://pelatro.com/employee-stock-compensation/

33. GENERAL SHAREHOLDER INFORMATION:

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

The company has in place a policy for prevention of sexual harassment in accordance with the requirements of the Sexual Harassment of women at workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal Complaints Committee has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy. The Company did not receive any complaints during the year 2025-26.

35. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREGIN EXCHANGE EARNING AND OUTGO:

• Conservation of Energy

During the year the Company had strict control on wasteful electrical consumption. Lights and power were switched off wherever not necessary.

• Technology Absorption

Efforts, in brief, made towards technology absorption during the year under review: NIL

Benefits derived as a result of the above efforts, e.g., product improvement, cost reduction, product development, import substitution, etc.: Not Applicable

In case of imported technology (imported during the last 3 years reckoned from the beginning of the financial year), following information may be furnished : Not Applicable

• Foreign Exchange Earnings and Outgo

Foreign Exchange Earnings : Rs. 8,250.39 Lakhs Foreign Exchange Outgo : Rs. 288.76 Lakhs

36. PARTICULARS OF EMPLOYEES:

Pursuant to Section 197 of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 the particulars of employees is attached as Annexure E forming part of this Report.

The information required under Rule 5(2) and (3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is provided in the Annexure forming part of this Report. In terms of the proviso to Section 136 of the Act, the Report and Accounts are being sent to the Members excluding the aforesaid.

37. TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND:

The Company did not have any funds lying unpaid or unclaimed for a period of seven years. Therefore, there were no funds which were required to be transferred to Investor Education and Protection Fund (IEPF).

38. COMPLIANCE WITH SECRETARIAL STANDARDS:

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

39. DISCLOSERS UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016:

There are no applications made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year along with their status as at the end of the financial year.

40. DETAILS OF DIFFERENCE BETWEEN THE AMOUNT OF 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:

As Company has not done any one-time settlement during the year under review hence no disclosure is required.

41. ACKNOWLEDGEMENTS:

The Directors wish to place on record their sincere appreciation for excellent support received from the Banks and financial institutions during the financial year under review. Your Directors also express their warm appreciation to all employees for their contribution to your Company's performance and for their superior levels of competence, dedication and commitment to the growth of the Company. The Directors are also grateful to you, the Shareholders, for the confidence you continue to repose in the Company.