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SURANA TELECOM AND POWER LTD.

05 December 2025 | 12:00

Industry >> Telecom Cables

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ISIN No INE130B01031 BSE Code / NSE Code 517530 / SURANAT&P Book Value (Rs.) 10.26 Face Value 1.00
Bookclosure 30/09/2024 52Week High 29 EPS 1.73 P/E 11.11
Market Cap. 260.52 Cr. 52Week Low 16 P/BV / Div Yield (%) 1.87 / 0.00 Market Lot 1.00
Security Type Other

DIRECTOR'S REPORT

You can view full text of the latest Director's Report for the company.
Year End :2025-03 

The Directors have pleasure in presenting the 36th Annual Report of your Company and the Audited Financial Statements
for the financial year ended on 31st March, 2025, together with Auditors' Report thereon.

FINANCIAL RESULTS:

The performance of the Company during the year has been as under:

(Amount in Lakhs)

Particulars

Standalone Results

Consolidated Results

2024-25

2023-24

2024-25

2023-24

Net Sales and other Income

4418.57

2382.74

5199.84

3404.48

Profit before Depreciation and Interest

3393.99

1445.16

3827.28

2025.08

LESS:

Depreciation & Amortization

398.99

444.82

897.87

939.07

Interest

23.96

70.76

47.65

78.05

Profit for the year

2971.04

929.58

2881.76

1007.96

Profit before Taxation

2971.04

929.58

2881.76

1007.96

Provision for Taxation:

Current Tax

514.00

184.95

534.47

234.15

Deferred Tax

3.10

2.25

3.10

(31.86)

Taxes for earlier years

Profit after Tax

2453.94

742.38

2344.19

805.68

Add: Other Comprehensive Income

-71.00

367.92

-71.00

367.92

Total Comprehensive Income for the year

2382.94

1110.30

2344.19

805.68

Less: Minority Interest (Current year's Profit/loss)

-

-

(60.97)

43.99

Surplus brought forward from previous year

6394.74

5850.19

7241.48

6111.80

Balance carried forward to Balance Sheet

9233.73

6934.74

9429.1

7241.48

PERFORMANCE:

During the year under review, the Income from Operations of the Company is Rs. 821.63 lacs as against Rs. 1509.63 lacs
in the previous year. The Profit before Tax (PBT) stood at Rs. 2971.04 lacs as against Rs. 929.58 lacs in the previous
year. The Profit after Tax (PAT) stood at Rs. 2453.94 lacs as against Rs. 742.38 lacs in the previous year. The Earnings
per Share (EPS) for the year ended 31.03.2025 is Rs 1.81 as against Rs. 0.55 in the previous year ended 31.03.2024.

OPERATIONS AND OVERVIEW:

The Company operates a 5 MW solar power project at Gujarat Solar Park, Charanka Village, Santalpur Taluq, Patan
District, Gujarat. In addition, its subsidiaries, Surana Solar Systems Pvt. Ltd. (SSSPL), Bhagyanagar Green Energy Pvt.
Ltd. (BGEPL), and Aryavaan Renewable Energy Pvt. Ltd. (AREPL), each manage 5 MW solar projects strategically located
across India. SSSPL's plant is situated at Shankapur Village, Shankarampet Mandal, Medak District, Telangana, and has
renewed its Power Purchase Agreement (PPA) with Bhagyanagar India Limited for a further 10 years from September
2019. BGEPL operates in Peddaumanthal Village, Pudur Mandal, Ranga Reddy District, Telangana, under a long-term
PPA with TSSPDCL, also effective from September 2019. Meanwhile, AREPL runs its project in Barhara Village, Sarila
Tehsil, Hamirpur District, Uttar Pradesh, backed by a long-term PPA with Uttar Pradesh Power Corporation Ltd. These
projects reflect the Group's strong and growing presence in India's renewable energy sector, supported by stable, long¬
term power agreements.

As part of its strategic review of underperforming assets, the Company sold its 5 MW Solar Power Plant and land situated
at Munipally, Telangana, to an independent third-party buyer through an asset sale, following Shareholders approval through
postal ballot on 29.01.2025. The sale, valued at ?33.30 crores, was driven by the plant's continued financial unviability
due to high regulatory charges.

SUBSIDIARIES / ASSOCIATES:

Your company has four (4) subsidiary companies and one (1) associate company as on 31.03.2025 as mentioned below.
Further there has been no material changes in the nature of business of the subsidiaries.

Sr.

No.

Name of the Company

Percentage (%) of
Shareholding

Subsidiary/Wholly Owned Subsidiary Companies:

1.

Surana Solar Systems Private Limited

51.00

2.

Tejas India Solar Energy Private Limited

100.00

3.

Bhagyanagar Green Energy Private Limited

58.15

4.

Aryavaan Renewable Energy Private Limited

51.00

Associate Company:

1.

Surana Solar Limited

36.18

In terms of proviso to sub-section (3) of Section 129 of the Companies Act,2013, the salient features of the financial
statement of the subsidiaries and associates is set out in the prescribed Form AOC-1, which forms part of the Annual
Report. Pursuant to the provisions of Section 136 of the Companies Act, 2013, the consolidated financial statements of
the company along with relevant documents are made available on the website of the Company.

CONSOLIDATED FINANCIAL STATEMENTS:

The Consolidated Financial Statements are prepared in accordance with Indian Accounting Standards (Ind AS) as per the
Companies (Indian Accounting Standards) Rules, 2015, as amended and notified under Section 133 of the Companies
Act, 2013 and other relevant provisions of the Companies Act, 2013.

The Consolidated Financial Statements for the financial year ended 31st March, 2025 forms part of the Annual Report. As
per the provisions of Section 136 of the Companies Act, 2013, the Company has placed separate Audited accounts of its
Subsidiaries on its website
www.suranatele.com and a copy of separate Audited Financial Statements of its Subsidiaries
will be provided to shareholders upon their request.

SECRETARIAL STANDARDS:

The Directors state that applicable Secretarial Standards, i.e., SS-1 and SS-2, relating to ‘Meetings of the Board of Directors'
and ‘General Meetings', respectively, have been duly followed by the Company.

SHARE CAPITAL:

The paid-up Share Capital of the Company as on 31st March, 2025 is Rs.13,57,59,963 divided into 13,57,59,963 equity
shares of Rs. 1/- each. During the year under review, there is no change in share capital of the company.

TRANSFER TO RESERVES:

The Board of Directors of the Company have not recommended for transfer of any amount to the General Reserve for
the financial year ended 31 st March, 2025.

DIVIDEND:

The Board of Directors have not recommended dividend for the financial year 2024-25 and have decided to retain the
profits for proposed future growth plans.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

The Management Discussion and Analysis Report as required under Schedule V of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, forms an integral part of this Report and gives details of the overall industry
structure, developments, performance and state of affairs of the Company's business, internal controls and their adequacy,
risk management systems and other material developments during the financial year.

Management Discussion and Analysis Report is presented in a separate section and forms part of the Annual Report as
Annexure-II.

CORPORATE SOCIAL RESPONSIBILITY (CSR):

During the year 2024-25, the Company is not covered under the criteria of Section 135(5) of Companies Act, 2013. The
Company, however over the years reflects the strong commitment to improve the quality of life of the workforce and their
families and also the community and society at large and considers social responsibility as an integral part of its business
activities.

The CSR activities of the Surana Group are guided by the vision and philosophy of its founding father, Shri G Mangilal
Surana, who embodied the value of trusteeship in business and laid the Foundation for its ethical and value-based
functioning. The core elements of CSR activities include ethical functioning, respect for all stake-holders, protection of
human rights, providing of medical facilities and care for the environment.

DIRECTORS’ RESPONSIBILITY STATEMENT:

Pursuant to the requirement under Section 134 of the Companies Act, 2013, with respect to the Directors' Responsibility
Statement, the Board of Directors of the Company hereby confirms:

(a) That the preparation of the annual accounts for the financial year ended 31st March, 2025, the applicable accounting
standards have been followed along with proper explanation relating to material departures;

(b) That the directors have selected such accounting policies and applied them consistently and made judgments and
estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company
at the end of the financial year 2024-25 and of the profit of the company for that period;

(c) That the directors have taken proper and sufficient care for the maintenance of adequate accounting records in
accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting
fraud and other irregularities;

(d) That the directors have prepared the annual accounts for the financial year ending on 31 st March, 2025, on a going
concern basis;

(e) That the directors have laid down Internal Financial Controls to be followed by the company and that such Internal
Financial Controls are adequate and were operating effectively; and

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

STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTORS:

The Independent Directors have submitted the declaration of independence, as required pursuant to sub-section (7) of
section 149 of the Companies Act, 2013 and Regulation 25(8) of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 stating that they meet the criteria of independence as provided in sub-section (6) of Section 149 and
Regulation 16(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

NOMINATION AND REMUNERATION POLICY:

The Board has, on the recommendation of the Nomination & Remuneration Committee, framed a policy which lays down
a framework in relation to selection, appointment and remuneration of Directors, Key Managerial Personnel and Senior
Management of the Company.

During the year under review, there has been no change to the Policy. The Nomination and Remuneration Policy of the
Company is available on the website of the Company and can be accessed at the following web link: http://www.suranatele.
com/code-of-conduct-policies.html

PARTICULARS OF LOANS, GUARANTEES, SECURITIES AND INVESTMENTS:

The details of Loans, Guarantees, Securities and Investments made during the financial year ended 31st March, 2025, are
given in the notes to the Financial Statements in compliance with the provisions of Section 186 of the Companies Act,
2013 read with Companies (Meetings of Board and its Powers) Rules, 2014.

RELATED PARTY TRANSACTIONS:

All transactions entered with Related Parties for the year under review were on arm's length basis and in the ordinary
course of business. There are no materially significant related party transactions made by the Company with Promoters,
Directors, Key Managerial Personnel or other designated persons which may have a potential conflict with the interest
of the Company at large. All Related Party Transactions are placed before the Audit Committee and also the Board for
approval, where ever required. Prior omnibus approval of the Audit Committee is obtained for the transactions which are
of a foreseeable and repetitive nature. A statement giving details of all related party transactions entered into pursuant to
the omnibus approval so granted are placed before the Audit Committee and the Board of Directors on a quarterly basis.
The Company has developed a Policy on Related Party Transactions for the purpose of identification and monitoring of
such transactions. The policy on Related Party Transactions as approved by the Board is uploaded on the Company's
website
http://www.suranatele.com/codes-and-policies.html.

The particulars of contracts or arrangements with related parties referred to in sub-section (1) of section 188 is prepared
in Form AOC-2 pursuant to clause (h) of the Companies (Accounts) Rules, 2014 and the same is annexed herewith as
‘Annexure-III' to this Report.

AUDIT COMMITTEE:

The Audit Committee consists of Shri. Mayank Sanghani (Independent Director) as Chairman, Shri N Krupakar Reddy
(Independent Director), Smt. Sanjana Jain (Independent Director) and Shri. Narender Surana (Managing Director) as
members. The Committee inter alia reviews the Internal Control System, Reports of Internal Auditors and compliance
of various Regulations. The Committee also reviews the financial statements before they are placed before the Board.

The recommendations made by the Audit Committee to the Board, from time to time during the year under review, have
been accepted by the Board. Other details with respect to the Audit Committee such as its terms of reference, the meetings
of the Audit Committee and attendance thereat of the members of the Committee, are separately provided in this Annual
Report, as a part of the Report on Corporate Governance.

ANNUAL RETURN

The Annual Return in Form MGT-7 is available on the Company's website, the web link for the same is http://www.
suranatele.com/annual-reports.html
.

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

The information on Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and outgo required to be
disclosed under Section 135(3)(m) of the Companies Act, 2013, read with Rule 8 of the Companies (Accounts) Rules,
2014 are provided in ‘Annexure-I' forming part of this Report.

RISK MANAGEMENT POLICY:

terms of the requirement Section 135(3)(n) of the Companies Act, 2013 and Regulation 21 of Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has developed and
implemented the Risk Management Policy. The Audit Committee has 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. The development and implementation of risk management policy has been covered in the management
discussion and analysis report, which forms part of this report. At present the Company has not identified any element of
risk which may threaten the existence of the company.

EVALUATION OF THE BOARD, COMMITTEES, INDEPENDENT DIRECTORS, INDIVIDUAL DIRECTORS AND
CHAIRPERSON OF THE COMPANY:

During the year under review, the Independent Directors of the company in terms of Schedule IV and Regulation 25(3)(4)
of SEBI (LODR) Regulations, 2015, evaluated the performance of the Board as a whole, each Non-Independent Director
and the Chairperson of the Company. Further, in terms of Section 178(2) of the Companies Act, 2013, the Nomination
and Remuneration Committee evaluated the performance of the Board as a whole and the Individual Directors. The
Board also as per the provisions of Regulation 17(10) of SEBI (LODR) Regulations, 2015, evaluated the performance of
the Independent Directors and the Committees of the Board in terms of Section 135(3)(p) of the Companies Act, 2013,
read with Rule 8(4) of the Companies (Accounts) Rules, 2014. The evaluations are done on the basis of a structured
questionnaire which contains evaluation criteria taking into consideration various performance related aspects. The Board
of Directors has expressed their satisfaction with the evaluation process.

DIRECTORS AND KEY MANAGERIAL PERSONNEL:

During the year under review Shri. Devendra Surana, Non-Executive Director has resigned from the Board of Directors on
16.01.2025 and Shri. Advait Surana has been appointed as Non-Executive Director w.e.f. 03.02.2025.

Mrs. Mansa Thakur, Company Secretary has resigned w.e.f. 30th September 2024 and Miss. Arcot Ganeshan Monisha
has been appointed as a Company Secretary w.e.f.13th November 2024, further there were no other new appointment or
resignation of Director.

In compliance with the Companies Act, 2013, Shri. Mangilal Narender Surana, DIN:00075086, Managing Director of the
Company retires by rotation at the ensuing Annual General Meeting and being eligible, offers himself for re-appointment.

Pursuant to the provisions of Section 203 of the Companies Act, 2013, Shri. Mangilal Narender Surana, Managing Director,
Shri. T R Venkataramanan, Whole-time Director & Chief Financial Officer and Miss. Arcot Ganeshan Monisha, Company
Secretary are Key Managerial Personnel of the Company.

MEETINGS OF THE BOARD:

During the financial year under review, 8 (Eight) Board Meetings were convened and held. The details of the meetings
are given in the Corporate Governance Report. The intervening gap between the meetings was within the period of
120 days as prescribed under the Companies Act, 2013 and Regulation 17 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.

DEPOSITS:

The Company has not accepted any deposits in terms of Section 73 or Section 76 of the Companies Act, 2013 and as
such, no amount on account of principal or interest on public deposits was outstanding as on the date of the balance sheet.

LISTING OF EQUITY SHARES:

The Company's equity shares are listed on the following Stock Exchanges:

(i) BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001, Maharashtra, India; and

(ii) National Stock Exchange of India Limited, Exchange Plaza, Floor 5, Plot No. C/1, G Block, Bandra -Kurla Complex,
Bandra (East), Mumbai - 400 051, Maharashtra, India.

The Company has paid the Annual Listing Fees to the Stock Exchanges for the financial year 2025-26.
STATUTORY AUDITORS:

M/s Luharuka & Associates, Chartered Accountants were re-appointed as Statutory Auditors of the Company at the Annual
General Meeting held on 20th August, 2022, for a term of five consecutive years from the conclusion of 33rd Annual General
Meeting till the conclusion of the 38th Annual General Meeting to be held in the year 2027.

M/s. Luharuka & Associates, Chartered Accountants, have confirmed that they are not disqualified from continuing as
Auditors of the Company.

There are no qualifications, reservations or adverse remarks made by M/s Luharuka & Associates, Chartered Accountants,
Statutory Auditors, in their report for the Financial Year ended 31st March, 2025. The Statutory Auditors have not reported
any incident of fraud to the Audit Committee of the Company in the year under review.

INTERNAL AUDITORS:

The Board of Directors based on the recommendation of the Audit Committee has appointed M/s. Sekhar & Co., Chartered
Accountants as the Internal Auditors of your Company. The Internal Auditors are submitting their reports on quarterly basis
to the Audit Committee and Board of Directors.

The Board of Directors of the Company have re-appointed M/s Sekhar & Co., Chartered Accountants as Internal Auditors
to conduct Internal Audit for the financial year ended 31st March, 2026.

COST AUDITORS:

The Company has maintained cost records as specified by Central Government under Section 148(1) of Companies Act,
2013 and such records have been audited by M/s Lavanya & Associates LLP pursuant to Companies (Cost Records and
Audit) Rules, 2014.

On the recommendation of the Audit Committee, the Board has re-appointed M/s Lavanya & Associates LLP, as Cost
Auditors for auditing the cost records of the company for the financial year 2025-26. The Act mandates that the remuneration
payable to the Cost Auditor is ratified by the shareholders. Accordingly, a resolution seeking ratification of the shareholders
for the remuneration payable to cost auditors for the FY 2025-26 is included in the AGM Notice

The Cost Auditors' Report of financial year 2024-25 did not contain any qualifications, reservations, adverse remarks or
disclaimers and no frauds were reported by the Cost Auditors to the Company under sub-section (12) of Section 143 of
the Act.

SECRETARIAL AUDITORS:

Pursuant to the provisions of Section 204 of the Companies Act, 2013, your Company had appointed Smt. Rakhi Agarwal,
Company Secretary in Practice, Hyderabad, as its Secretarial Auditor to conduct the Secretarial Audit of your Company
for financial year 2025-26

Based on the recommendation of the Audit Committee, the board at its meeting held on 3rd September, 2025 has
recommended for appointment of M/s Rakhi Agarwal, practicing company secretaries, Hyderabad ( Firm Registration No.
I2004AP4527000 and Peer Review No. 7009/2025) as Secretarial Auditors of the Company to hold office for a term of
five consecutive years commencing from FY 2025-26 till FY 2029-30, subject to the approval of shareholders as per SEBI
Listing Regulations read with Section 204 of the Act and Rules there under.

The Report of the Secretarial Auditor for the financial year 2024-25 is annexed to this report as Annexure-IV.

There were no qualifications, reservation or adverse remark or disclaimer made by Secretarial Auditor in its report.

SECRETARIAL AUDIT OF MATERIAL UNLISTED INDIAN SUBSIDIARIES:

The Secretarial Audit of the material subsidiaries, M/s. Aryavaan Renewable Energy Private Limited, and M/s. Bhagyanagar
Green Energy Private Limited for the financial year 2024-25 was carried out pursuant to Section 204 of the Companies
Act, 2013 and Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The
Secretarial Audit Report submitted by Mrs. Rakhi Agarwal, Company Secretary in Practice, does not contain any qualification,
reservation or adverse remark or disclaimer. The secretarial audit report of Material Subsidiaries are annexed to this report
as Annexure - VI (a) and Annexure - VI (b)

ANNUAL SECRETARIAL COMPLIANCE REPORT:

The Company has undertaken an audit for the financial year 2024-25 for all applicable compliances as per Securities
and Exchange Board of India Regulations and Circulars/Guidelines issued thereunder. The Annual Secretarial Compliance
Report duly signed by Mrs. Rakhi Agarwal, Company Secretary in Practice, has been submitted to the Stock Exchanges
and is annexed at ‘Annexure V' to this Board's Report.

REPORTING OF FRAUDS BY AUDITORS:

During the year under review, the Statutory Auditors, Internal Auditors and Secretarial Auditor have not reported any
instances of frauds committed in the Company by its Officers or Employees to the Audit Committee under section 143(12)
of the Companies Act, 2013, details of which needs to be mentioned in this Report.

CORPORATE GOVERNANCE:

The Company has implemented the procedures and adopted practices in conformity with the Code of Corporate Governance
as per the requirements of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015.

A separate report on corporate governance practices followed by the Company, together with a Certificate from the
Company's Auditors confirming compliances forms an integral part of this Report.

VIGIL MECHANISM- WHISTLE BLOWER POLICY:

The Company has adopted a Whistle Blower Policy establishing vigil mechanism to provide a formal mechanism to the
Directors and employees to report concerns about unethical behavior, actual or suspected fraud or violation of Code
of Conduct and Ethics. It also provides for adequate safeguards against the victimization of employees who avail the
mechanism and provides direct access to the Chairperson of the Audit Committee in exceptional cases. It is affirmed that
no personnel of the Company have been denied access to the Audit Committee. The policy of vigil mechanism is available
on the Company's website. The Whistle Blower Policy aims for conducting the affairs in a fair and transparent manner by
adopting highest standards of professionalism, honesty, integrity and ethical behavior.

PARTICULARS OF EMPLOYEES:

A. Disclosures with respect to the remuneration of Directors and employees as required under Section 197(12) of
Companies Act, 2013 and Rule 5 (1) Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014 is provided as follows:

(i) The ratio of the remuneration of each director to the median remuneration of the employees of the company
for the financial year;

Name of the Director

Ratio to Median Remuneration

Shri. Narender Surana, MD

21.17

Shri. Devendra Surana*, Director

NA

Shri. T. R. Venkataramanan, WTD & CFO

0.82

* Shri. Devendra Surana has resigned from the Board of Directors of the Company w.e.f. 16.01.2025.

ii) The percentage increase in remuneration of each Director, Chief Financial Officer, Chief Executive Officer,
Company Secretary or Manager, if any, in the financial year;

Name of Person

% increase in remuneration

Shri. Narender Surana, MD

0.00

Shri. T. R. Venkataramanan, WTD & CFO

8.52

Miss. Arcot Ganeshan Monisha, CS*

NA

* Miss. Arcot Ganeshan Monisha as CS w.e.f. 13.11.2024.

(iii) The percentage increase/(decrease) in the median remuneration of employees in the financial year is 7.29%.

(iv) There were 19 permanent employees on the rolls of company as on March 31, 2025.

(v) Affirmation that the remuneration is as per the remuneration policy of the company - Yes.

B. In terms of the provisions of Section 197(12) of the Act read with Rules 5(2) and 5(3) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, a statement showing the names of the top ten employees
in terms of remuneration drawn and names and other particulars of the employees drawing remuneration in excess
of the limits set out in the said rules forms part of this Report.

Having regard to the provisions of the second proviso to Section 136(1) of the Act and as advised, the Annual Report
excluding the aforesaid information is being sent to the members of the Company. The said Annexure is open for
inspection at the registered office of your Company. Any member interested in obtaining copy of the same may write
to Company Secretary at the Corporate Office of the Company.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The Company has an Internal Control System, commensurate with the size, scale and complexity of its operations. To
maintain its objectivity and independence, the Internal Audit function reports to the Chairman of the Audit Committee
of the Board.

The Internal Audit Department monitors and evaluates the efficacy and adequacy of internal control system in the
Company, its compliance with operating systems, accounting procedures and policies at all locations of the Company
and its subsidiaries. Based on the report of internal audit function, process owners undertake corrective action in their
respective areas and thereby strengthen the controls. Significant audit observations and corrective actions thereon
are presented to the Audit Committee of the Board.

CHANGE IN NATURE OF BUSINESS:

There is no change in nature of business of the Company.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURT:

There are no significant and material orders passed by the Regulators or Courts or Tribunals which would impact
the going concern status of the Company and its future operations.

DETAILS OF ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016:

During the year, no corporate insolvency resolution process was initiated under the Insolvency and Bankruptcy Code,
2016, either by or against the Company, before National Company Law Tribunal.

ONE TIME SETTLEMENT WITH ANY BANK OR FINANCIAL INSTITUTION:

No disclosure or reporting is required in respect of the 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,
as the Company had not made any one-time settlement with any bank or financial institution during the year

MATERIAL CHANGES AND COMMITMENTS:

There are no material changes and commitments, affecting the financial position of the Company which occurred
between the end of the financial year 31 st March, 2025 to which the financial statements relate and the date of
signing of this report.

HUMAN RESOURCES:

Your Company has always prioritized the well-being and development of the employees. The industrial relations of
the Company continued to be harmonious during the year under review.

ISO 9001-2008 CERTIFICATION:

Your Company continues to hold ISO 9001-2008 Certification by meeting all the requirements of Certification from
time to time

POLICY ON SEXUAL HARRASSEMENT:

The Company has adopted policy on Prevention of Sexual Harassment of Women at Workplace in accordance with
The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

The Internal Complaints Committee (ICC) has been setup to redress complaint received regarding sexual harassment.
During the period under review, no complaints were received by the ICC.

CAUTIONARY STATEMENT:

Statements in the Board's Report and the Management Discussion & Analysis describing the Company's objectives,
expectations or forecasts may be forward-looking within the meaning of applicable securities laws and regulations.
Actual results may differ materially from those expressed in the statement. Important factors that could influence the
Company's operations include global and domestic demand and supply conditions affecting selling prices of finished
goods, input availability and prices, changes in government regulations, tax laws, economic developments within the
country and other factors such as litigation and industrial relations.

ACKNOWLEDGEMENTS:

The Directors take this opportunity to place on record their sincere thanks to the suppliers, customers, strategic
partners, Banks and Financial Institutions, Insurance Companies, Central and State Government Departments and the
shareholders for their support and co-operation extended to the Company from time to time. Directors are pleased
to record their appreciation of the sincere and dedicated services of the employees and workmen at all levels.

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS

MANGILAL NARENDER SURANA ADVAIT SURANA
Place: Secunderabad MANAGING DIRECTOR DIRECTOR

Date: 03.09.2025 DIN: 00075086 DIN: 08971109