The Directors take pleasure in presenting the Seventy eighth Annual Report together with the Audited Financial
Statements for the year ended 31^st March, 2025. The Management Discussion and Analysis has also been
incorporated into this report.

1. HIGHLIGHTS OF FINANCIAL PERFORMANCE

As per the requirements of Section 134 of the Companies Act, 2013 read with Rule 8(5)(i) of Companies
(Accounts) Rules, 2014, your Company's financial performance during the year 2024-25, as compared to that
of the previous year 2023-24, is summarized below: -

2. REVIEW OF OPERATIONS / STATE OF AFFAIRS OF THE COMPANY

The Company has not been carrying any manufacturing operations since last few years. The Company is taken
over by Mr. Varghese Kurian after execution of share purchase agreement and completion of open offer as per
the requirements of SEBI (Substantial Acquisition of shares and Takeovers) Regulations, 2015. Our Company
has altered the object clause of the Company in the Extra-ordinary General meeting held on 23rd February,
2018 to include new objects in the line of tourism and hospitality industry. Pursuant to the application of
revocation, both Stock Exchanges ie, BSE Limited and National Stock Exchange of India Limited has revoked the
suspension from trading of security of the Company w.e.f. March 29, 2023. The commencements of new
activities are pending for approval from the Department of Revenue, Government of Kerala.

3. OUTLOOK OPPORTUNITIES AND THREATS

The Company under its new management has plans to start an industrial and recreational park at the existing
land of the Company at Chingavanam, Kottayam, Kerala comprising of hotel, hospital, shopping complex etc.

4. LISTING

The Equity Shares of the Company continue to remain listed on BSE Limited and the National Stock Exchange of
India Limited. Both Stock Exchanges has revoked the suspension from trading of security of the Company
w.e.f. March 29, 2023 and trading on both exchanges.

5. SHARE CAPITAL

The paid-up Equity Share Capital as on 31^st March, 2025 was Rs. 18,96,37,000. During the year under review, the
Company has not issued shares with differential voting rights nor granted stock options nor sweat equity.

6. DIVIDEND

Due to loss, the Directors of the Company do not recommend any dividend for the year.

7. TRANSFER TO RESERVES

YourCompany has not transferred any amount to Reserves during the financial year under review.

8. CREDIT RATING

The Company has not been carrying any manufacturing operations since last few years.

9. SUBSIDIARY/ASSOCIATE/JOINT VENTURE COMPANIES

There are no subsidiaries, associates and joint venture companies.

10. DEPOSITS

During the year under review, the Company has not accepted any deposits from the public falling within the
ambit of Section 73 of the Companies Act, 2013 read with The Companies (Acceptance of Deposits) Rules, 2014.

11. INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has in place well defined and adequate internal controls commensurate with the size of the
Company and the same were operating effectively throughout the year. To maintain its objectivity and
independence, the IA Department evaluates the efficacy and adequacy of internal control system, its
compliance with operating systems and policies of the Company and accounting procedures at all locations of
the Company.

Based on the report of IA function, process owners undertake corrective action in their respective areas and
thereby strengthening the controls. Significant audit observations and corrective actions thereon are presented
to the Audit Committee of the Board.

The Company has in place adequate internal financial controls commensurate with the size, scale and
complexity of its operations. The Company has policies and procedures in place of ensuring proper and efficient
conduct of the business, the safeguarding of its assets, the prevention and detection of frauds and errors, the
accuracy and completeness of the accounting records and timely preparation of reliable financial information.
Pursuant to Section 138 of the Companies Act, 2013, the Company has appointed Mr. Suresh, Chartered
Accountant, Kochi as Internal Auditor of the Company. Pursuant to Section 134 (5) (e) of the Companies Act,
2013, In orderto ensure orderly and efficient conduct of the business, safeguard the assets, ensure the accuracy
and completeness of the accounting records and timely preparation of reliable financial information and
financial statements, the Company has put in place adequate Internal Financial Controls procedures. Adequacy
and effectiveness of the Internal Financial Controls of the Company are validated on annual basis by the Audit
Committee based on the report submitted by the Statutory Auditors.

12. MATERIAL CHANGES AND COMMITMENT, IF ANY, AFFECTING FINANCIAL POSITION OF THE COMPANY
FROM THE END OF THE FINANCIAL YEAR AND TILL THE DATE OF THIS REPORT.

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

IB. DIRECTORS AND KEY MANAGERIAL PERSONNEL

During the Year under review, Mr. Jeeben Varghese Kurian, Whole-time Director and CEO (DIN : 06750117)
retire by rotation and being eligible and offered himself for the reappointment.

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14. UPDATION OF EMAIL IDS FOR RECEIVING NOTICES /DOCUMENTS IN ELECTRONIC MODE

Shareholders who have not registered their email addresses with the Company are requested to register their
email addresses with the Company to enable the Company to deliver notices /documents through e-mail.

Shareholders holding their shares in demat mode also have an option to register / update their email
addresses, KYC and Bank details with their depository, through their depository participant.

15. DIRECTOR'S RESPONSIBILITY STATEMENT

In terms of Section 134 of the Companies Act, 2013, we, the Directors of Tecil Chemicals and Hydro Power
Limited, state in respect of Financial Year 2024-25 that:

a) In the preparation of Annual Accounts, the applicable Accounting Standards have been followed along with
proper explanation relating to material departures;

b) 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 and of the profit of the Company for that period;

c) 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) The Directors have prepared the Annual Accounts on a going concern basis;

e) The Directors have ensured that proper internal financial controls were in place and that the financial
controls were adequate and were operating effectively.

f) The Directors reviewed that systems are in compliance with the provisions of all applicable laws and were in
place and were adequate and operating effectively.

16. INDEPENDENT DIRECTORS

Independent Directors play an important role in their governance process of the Board. They bring to bear their
expertise and experience on the deliberations of the Board. This enriches the decision-making process at the
Board with different point of view and experiences and prevents conflict of interest in the decision-making
process. The appointment of Independent Director is carried out in a structured manner. The Nomination and
Remuneration Committee identifies potential candidates based on certain laid down criteria and takes in to
consideration the diversity of the Board. The Independent Directors have been appointed for a fixed tenure of
five years from their respective dates of appointment. None of the Independent Directors serves as
"Independent Directors" in more than seven listed entities. During the year under review, the Independent
Directors met on 12^th November 2024 inter alia, to discuss:

(a) Evaluation of the Performance of Non-Independent Directors and the Board of Directors as a whole;

(b) Evaluation of the Performance of the Chairman of the Company, taking into account the views of the
Executive and Non-Executive Directors.

(c) Evaluation of the quality, content and timelines of flow of information between the Management and the
Board that is necessary for the Board to effectively and reasonably perform its duties. All the Independent
Directors were present throughout the Meeting. They expressed views on the business transacted at the
Meetings and the openness with which the Management discussed various subject matters on the agenda
of the meetings. Their suggestions were discussed at the Board Meeting and are being implemented to
ensure a more robust interaction at the Board level.

17. DECLARATION BY INDEPENDENT DIRECTORS

All Independent Directors have given declarations that they meet the criteria of independence as laid down
under Section 149(6) of the Companies Act, 2013 and Regulation 16 and 25 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015) forfulfilment of their responsibilities in a professional and faithful
manner and to promote confidence of the investment community, particularly Minority Shareholders and
regulators of the Company.

18. INDUCTION PROGRAMMEE FOR NEW DIRECTORS AND ONGOING FAMILIARIZATION PROGRAMMEE FOR
INDEPENDENT AND NON-INDEPENDENT DIRECTORS

An appropriate induction program for new Directors and ongoing familiarization with respect to the
business/working of the Company for all Directors is a major contribution for meaningful Board Level
deliberations and sound business decisions. At the time of appointing a Director, a formal letter of appointment
is given to him/her which, inter alia, explains his/her role, function, duties and responsibilities and the Board's
expectations from him/her as a Director of the Company. The Director is also explained in detail about the
compliances required from him/her underthe Act, SEBI Regulations and other relevant regulations and his/her
affirmation has been taken with respect to the same. The details of such familiarization programmes are
provided on the website of the Company and can be accessed at www.tecilchemicals.com

A Presentation is also shared with Directors giving an overarching perspective of the industry, organizational
set-up of the Company, the functioning of various divisions/departments, the Company's market in which it
operates governance and internal control process and other relevant information pertaining to the Company's
business. The above initiatives help the Directors to understand the Company, its business and the regulatory
framework in which the Company operates and equips him/her to effectively fulfill his/her role as the Director
of the Company.

19. DIRECTORS APPOINTMNET AND NOMINATION AND REMUNERATION POLICY

The current policy is to have an appropriate mix of executive, non-executive and independent directors to
maintain the independence of the Board, and separate its functions of governance and management. As of
March 31, 2025, the Board has eight members, four of whom were executive or whole-time directors and four
were independent directors. The Board has, on the recommendation of the Nomination & Remuneration
Committee framed a policy for selection and appointment of Directors, Senior Management and their
remuneration policy including the criteria for determining qualifications, positive attributes, independence of
a director and other matters, as required under sub-section (3) of Section 178 of the Companies Act, 2013 and
Regulation 19(4) read with Part D of Schedule II of SEBI (LODR) Regulations, 2015, and the same has been hosted
on the Company's Website www.tecilchemicals.com

20. CHANGE IN THE NATURE OF BUSINESS

The Company has not been carrying any manufacturing operations since last few years.

21. COMMITTEES OF THE BOARD

As on March 31, 2025, the Board had three committees: the Audit Committee, the Nomination and
Remuneration Committee and the Stakeholder's Relationship Committee. A detailed note on the composition
of the Board and its committees is provided in the Corporate Governance Report.

22. MEETINGS

A Calendar of Meetings is prepared and circulated in advance to the Directors. There were Four (4) Board
Meetings, Forty Eight (48) Stakeholders Relationship Committee Meetings and Four (5) Audit Committee
Meetings and Three (3) meeting of Nomination and Remuneration Committee convened and held during the
year. The details of which are given in the Corporate Governance Report. The intervening gap between the
Meetings was within the period as prescribed under the Companies Act, 2013 and Secretarial Standards

Separate Independent Directors Meeting:

A separate meeting of the Independent Directors without the presence of Non- Independent Directors and
members of management had taken place on 12^th November,2024 at the corporate Office of the Company
located at Kochi in which the Independent Directors had appreciated the performance of the Executive Directors
and the Board as a whole. They also concluded that the Board as a collective body is also performing satisfactorily
and the flow of information between the Company's Management and the Board in terms of quality, quantity
and timeliness is satisfactory.

23. PARTICULARS OF LOANS, GUARANTEES, OR INVESTMENTS

Details of Loans, Guarantees or Investments covered under the provisions of Section 186 of the Companies
Act, 2013 are given in the notes to Financial Statements provided in this Annual Report.

24. ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE

As required under Section 134 of the Companies Act, 2013 read with Rule 8 of The Companies (Accounts) Rules,
2014, the information relating to conservation of energy, technology absorption and foreign exchange earnings
and outgo, etc. is not given as there has not been any manufacturing operation during the under report. A Copy
of Statements of Particulars under Companies (Disclosure of particulars in the Report of Board of Directors)
Rules, 1988 have been Annexed herewith as "Annexure A" with Board's Report.

25. EXTRACT OF ANNUAL RETURN

Annual Return Pursuant to section 134(3)(a) and section 92(3) of the Companies Act, 2013 read with Rule 12(1)
of the Companies (Management and Administration) Rules, 2014, a copy of the Annual Return is placed on the
website of the Company and can be accessed at the company's website in https://www.tecilchemicals.com/

Path: Investor Relations- Annual Return under Section 92 of the Companies Act 2013

26. STATUTORY AUDITOR

M/s. S R Pai & Co., Chartered Accountants, (FRN: 010793S) Ernakulam were re-appointed as Statutory Auditors
of the Company in the Annual General Meeting of the Company held on 30th September, 2022 to hold office
until the conclusion of the 82^nd AGM relating for another term of 5 years.

27. INDEPENDENT AUDITOR'S REPORT

The Statutory Auditors of the Company in their report have not made any adverse comments or qualifications
on the accounts of the Company.

28. SECRETARIAL AUDITOR

The Secretarial Audit Report and Secretarial compliance report on the Secretarial and Legal compliances of the
Company forthe FY 2024-25 issued by CS Harikrishnan R, Practicing CompanySecretary, Trivandrum is enclosed
as "Annexure-C" and forms part of Director's Report. The Secretarial Audit Report does not contain any
qualification, reservation or adverse remark or disclaimer.

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 of Directors at the meeting held on 26^th May,
2025 had appointed M/s. JMACS & Associates, Practicing Company Secretaries, Coimbatore
(FRN:P2004TN005200) holding peer review certificate No. 1166/2021 as the Secretarial Auditors in terms of
Regulation 24A(1A) of SEBI( Listing Obligation and Disclosure Requirements) Regulations, 2015 subject to the
approval of members at this Annual General Meeting for a period of 5 consecutive years from FY 2025-26 to FY
2029-30 (till the conclusion of 85^th AGM) to undertake the Secretarial Audit of the Company.

29. ANNUALSECRETARIAL COMPLIANCE REPORT

The Company has undertaken an audit for the Financial Year 2024-25 for all applicable compliances as per SEBI
Regulations and Circulars / Guidelines issued thereunder. The Annual Secretarial Compliance Report duly
signed by CS. Harikrishnan R, Practicing Company Secretary, Trivandrum has been submitted to the Stock
Exchanges and is annexed to this Board's Report.

30. INTERNALAUDIT

Pursuant to the provisions of Section 138 of the Companies Act, 2013 and The Companies (Accounts) Rules,
2014, the Board of Directors on recommendation of Audit Committee appointed Mr.MK Suresh, Chartered
Account, Kochi has been appointed as the Internal Auditor for the Financial Year 2024-25.

31. MAINTENANCE OF COSTRECORDS

Maintenance of cost records as prescribed by the Central Government under sub-section (1) of Section 148 of
the Companies Act 2013 is not applicable to the Company.

32. KEY MANAGERIAL PERSONNEL

The following persons have been designated as Key Managerial Personnel of the Company pursuant to the
Section 2 (51) and 203 of the Companies Act, 2013 read with rules thereunder -

1. Mr. Varghese Kurian-Managing Director,

2. Jeeben Varghese Kurian-Whole-time Director and CEO

3. Mr. Jofin John - Company Secretary and Compliance Officer

4. Mr. Ramasubramonia Iyer-Chief Financial Officer

There are no other changes in KMP's of the Company du ring the year.

33. NON-DISQUALIFICATION OF DIRECTORS:

None of the Directors of the Company is disqualified under the provisions of the Companies Act, 2013 or under
the SEBI (LODR) Regulations, 2015. Your Company has obtained a Certificate from Mr. Hazeem HS Company
Secretary in Practice, Trivandrum (C.P. No.:17719) pursuant to the provisions of Regulation 34(3) read with
Schedule V of the SEBI (LODR) Regulations, 2015 provided as Annexure to the Boards Report, certifying that
none of the Directors of the Company have been debarred or disqualified from being appointed or continuing
as Directors of companies by the Securities and Exchange Board of India (SEBI) or by the Ministry of Corporate
Affairs (MCA) or by any such statutory authority.

34. DEPOSITORY SYSTEM

Your Company's Equity Shares are available for dematerialization through National Securities Depository
Limited ("NSDL") and Central Depository Services (India) Limited ("CDSL”). The ISIN Number of your Company
for both NSDL and CDSL is INE014B01011.

35. EVALUATION OF THE BOARD'S PERFORMANCE

The performance evaluation of the Board/Committees/ Executive Directors was carried out by the Nomination
& Remuneration Committee and were overall satisfied with the evaluation results, which reflected the overall
engagement and performance of the Board / Committees/ Executive Directors of the Company.

The Board of Directors in the meeting has also evaluated the individual performance of the Independent
Directors of the Company based on the specified criteria pursuant to Regulation 17(10) of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 and were satisfied with their performance.

Disclosure of Expertise / Skills / Competencies of the Board of Directors:

The list of core skills / expertise / competencies identified by the Board of Directors of the Company as required
in the context of its business and sector(s) for it to function effectively and those actually available with the
Board, form part of the Corporate Governance Report.

36. RELATED PARTY TRANSACTIONS

As per the process, necessary details for each of the Related Party Transactions as applicable along with the
justification are provided to the Audit Committee in terms of the Company's Policy on Materiality and Dealing
with Related Party Transactions Required approvals are taken for Related Party Transactions. The Policy on
Related Party Transaction approved by the Board has been hosted on the Company's Website,
www.tecilchemicals.com. Transactions entered are given in Form AOC-2 as Annexure to the Boards Report. All
Related Party Transactions entered during the year were in the ordinary course of business and on arm's length
basis.

37. PARTICULARS OF EMPLOYEES

Information as per Section 197 of the Companies Act, 2013 ("the Act") read with Rule 5 of The Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014, in respect of employees of the
Company can be obtained by an interested Shareholder by submitting a written request to the Company. This
practice is followed as per the provisions of Section 136 (1) of the Act. Thus, the Report and the Accounts are
being sent to all shareholders, excluding the information on employees' particulars under Section 197 of the
Act read with Rule 5 of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014
which is available for inspection by the Members at the Registered Office of the Company during business hours
on working days of the Company up to the date of the ensuing Annual General Meeting. If any Member is
interested in obtaining a copy thereof, such Member may write to the Company in this regard.

38. REGISTAR AND SHARE TRANSFER AGENT OF THE COMPANY

The Board of Directors had appointed Cameo Corporate Services Limited (SEBI Reg. No INR000003753) as the
new Registrar and Share Transfer Agent in the Board Meeting held on 9th April, 2018. Accordingly, Cameo
Corporate Services Limited is the Registrar and Share Transfer Agents of the Company.

39. TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND

Since there was no unpaid/unclaimed Dividend declared and paid in the earlieryears, the provisions of Section 125
of the Companies Act, 2013 do not apply.

40. CORPORATE GOVERNANCE

As per Regulation 15 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which is
effective from 01st December, 2015 of the Listing Agreement with the Stock Exchanges, a separate Section on
Corporate Governance practices followed by the Company, together with a certificate from M/s. M Hazeem &
Associates., Practicing Company Secretaries, Trivandrum confirming compliance, which forms an integral part
of this Annual Report as per SEBI Regulations.

41. ENHANCING SHAREHOLDERS VALUE

Our Company believes that its Members are its most important Stakeholders. Accordingly, our Company's
operations are committed to the pursuit of achieving high levels of operating performance and cost
competitiveness, consolidating and building for growth, enhancing the productive asset and resource base and
nurturing overall corporate reputation. Our Company is also committed to create value for its other
stakeholders by ensuring that its corporate actions positively impact the socio-economic and environmental
dimensions and contribute to sustainable growth and development.

42. RISK MANAGEMENT

The Management of the Company will take adequate steps in identifying, assessing, controlling and mitigating
the risks associated with different areas of its business operations.

43. CODE FOR PREVENTION OF INSIDER TRADING

Your Company has adopted an amended Code of Conduct to regulate, monitor and report trading by Designated
Persons and their Immediate Relatives under the SEBI (Prohibition of Insider Trading) Regulations, 2015. This
Code of Conduct also includes code of practices and procedures for fair disclosure of unpublished price sensitive
information and has been made available on the Company's website atwww.tecilchemcials.com. The Board has
authorized Mr. Jofin John, Company Secretary of the Company to act as the Compliance Officer for setting forth
the procedures and implementation of the aforesaid codes.

44. LEGAL AND REGULATORY

We are subject to various laws and regulations, corporate governance, listing and disclosure, employment, and
taxes. Frequent changes in legal and regulatory regime and introduction of newer regulations with multiple
authorities regulating same areas lead to complexity in compliance. We closely monitor and review our
practices to ensure that we remain complaint with relevant laws and legal obligations.

45. PREVENTION OF SEXUAL HARASSMENT

Your Company is fully committed to uphold and maintain the dignity of women working in the Company and
has zero tolerance towards any actions which may fall under the ambit of sexual harassment at workplace.
Since, the Company has less than Ten Employees constitution of Internal Complaints Committee under the
Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 is not applicable.
Further, during the year the Company has not received any case related to sexual harassment.

46. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report for the year under review, as stipulated under Regulation 34(3)
of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, forms part of the Annual
Report in and annexed to the Boards Report.

47. UPDATION OF EMAIL IDS FOR RECEIVING NOTICES /DOCUMENTS IN ELECTRONIC MODE

Shareholders who have not registered their email addresses with the Company are requested to register their
email addresses with the Company to enable the Company to deliver notices /documents through e-mail.
Shareholders holding theirshares in demat mode also have an option to register/update their email addresses,
KYC and Bank details with their depository, through their depository participant.

48. PARTICULARS OF EMPLOYEES AND RELATED DISCLOSURES

(a) The ratio of the remuneration of each Director to the median employee's remuneration and other details
in terms of sub- section 12 of Section 197 of the Companies Act, 2013 read with Rule 5(1) of the Companies

linnnintmpnt and Romi i norat inn nf Manaaprial PprcnrinpH Ri iIpc 9D1 4

Note - The remuneration paid to Key Managerial Personnel of the Company during the year 2024-25 was in conformity with
the Nomination and Remuneration Policy of the Company and within the limits approved by the shareholders.

No Executive Directorsare drawing any remuneration.

49. HUMAN RESOURCES

The Company continues to maintain cordial relations with its employees.

50. EMPLOYEES’ STOCK OPTION SCHEME

The Company has not granted any Employee Stock Option within the meaning of section 62 (1) (b) of the
Companies Act, 2013 read with its Rules framed thereunder and respective SEBI regulations.

51. SECRETARIAL STANDARD

The Company complied with all applicable secretarial standards issued by the Institute of Company Secretaries of
India.

52. CORPORATE SOCIAL RESPONSIBILITY

The provisions relating to Corporate Social Responsibility is notapplicable for the Company.

53. POLICIES OF THE COMPANY

The Companies Act, 2013, the Rules framed thereunder and the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, have mandated the formulation of certain policies for all listed companies.
All our Corporate Governance Policies are available on the Company's website at www.tecilchemicals.com The
Policies are reviewed periodically by the Board and its Committees and are updated based on the need and new
compliance requirement.

54. VIGIL MECHANISM

The Company has adopted a Vigil Mechanism to report concern about unethical behavior, actual or suspected
fraud or violation of Company's code of conduct by the Directors and employees. The policy provides for direct
access to the Chairperson of the Audit Committee and safeguarding the employees and Directors who raises
grievances against victimization. The details of establishment of such mechanism have been disclosed in the
corporate governance report for the year under review. The vigil mechanism is disclosed in the website of the
company viz., www.tecilchemicals.com.

55. GENERAL DISCLOSURE

Your Directors states that no disclosure or reporting is required in respect of the following matters under the
Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, either on
account of the absence of any transaction or the inapplicability of the provisions:

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

b) Your Company has not issued any sweat equity shares during the year under review and hence no
information as per provisions of Rule 8(13) of the Companies (Share Capital and Debenture) Rules, 2014 is
furnished.

c) Your Company has not issued any equity shares under Employees Stock Option Scheme during the year
under review and hence no information as per provisions of Rule 12(9) of the Companies (Share Capital and
Debenture) Rules, 2014 is furnished.

d) There are no instances where the Board has not accepted the recommendation of the Audit Committee/
Nomination and Remuneration Committee.

e) There are no instances of one-time settlement with any Bank or Financial Institution.

f) There are no instances of application or proceedings under the Insolvency and Bankruptcy Code, 2016.

56. CAUTIONARY STATEMENT

Statements in this Management Discussion and Analysis describing the Company's objectives, projections,
estimates, expectations or predictions may be 'forward-looking statements' within the meaning of applicable
securities laws and regulations. Actual results could differ materially from those expressed or implied. The
Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise. Readers are cautioned not to place undue reliance on
these forward-looking statements that speak only as of their dates.

57. DETAILS OF APPLICATION MADE OR PROCEEDING PENDING UNDER INSOLVENCY AND BANKRUPTCY
CODE 2016

During the year under review, there were no applications made or proceedings pending in the name of the
Company under the Insolvency and Bankruptcy Code 2016.

58. DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE TIME SETTLEMENT AND VALUATION
WHILE AVAILING LOAN FROM BANKS AND FINANCIAL INSTITUTIONS

During the year under review, there has been no one time settlement of Loans taken from banks and Financial
Institutions.

59. ACKNOWLEDGEMENT

The Directors also gratefully acknowledge all Stakeholders of the Company viz. customers, members, dealers,
vendors, banks and other business partners for the excellent support received from them during the year. The
Directors place on record their sincere appreciation to all employees of the Company for their unstinted
commitment and continued contribution to the Company.

BY ORDER OF THE BOARD OF DIRECTOR
ForTECILChemicals and Hydro Power Limited

Sd/- Sd/-

Place: Kochi Varghese Kurian ShajiK Mathew

Date: 12.08.2025 Chairman and Managing Director Director

(DIN:01114947) (DIN: 01866682)