G K Consultants Ltd Directors Report

Dear Members,

The Board of your Company is delighted in presenting its 37^th Annual Report. The Report is being presented along with the Audited Financial Statements for the Financial Year ended March 31, 2025.

FINANCIAL HIGHLIGHTS

(Figures in Thousands)

Particulars	For the year ended
	March 31, 2025	March 31, 2024
Total Revenue from Operations	6155.49	10991.30
Total Expenses	5793.10	9105.72
Profit/(Loss) Before Tax	368.66	1885.59
Provisions for Taxes	-	-
Profit/(Loss) before Tax	368.66	1885.59
Deferred tax	93.00	459.81
Earnings Per Share (Re.)	0.05	0.27

NBFC REGISTRATION

Your Company is a Non-Banking Financial Company registered with RBI vide Certificate of Registration No. B- 14.00143 dated 12.09.2001. The Company is regular in making compliances of various rules and regulations made by RBI for NBFCs.

COMPANYS PERFORMANCE

For the fiscal year ending March 31, 2025, the company achieved a revenue of ^6,155.49 thousands, compared to ^10,991.30 thousands in the previous year. Total expenses were reduced to ?5,793.10thousands from ^9,105.72 thousands. As a result, Profit Before Tax (PBT) declined sharply to ^368.66 thousands, down 80% from ?1,885.59thousands in FY 2023-24.

Earnings per share (EPS) correspondingly decreased to ?0.05 from ?0.27, underscoring the impact of margin compression.

Your directors are putting in their best efforts for exploring more business opportunities so as to increase the growth and profitability of the Company in the years to come.

A detailed discussion on the business performance and future outlook has been given in ‘Management Discussion and Analysis Report (MDAR).

SHARE CAPITAL:

CHANGES IN THE CAPITAL STRUCTURE:

During the year under review, the Authorized Share Capital of the Company increased from existing Rs. 6,00,00,000/- (Rupees Six Crores) consisting of 60,00,000 (Sixty Lakh) equity shares of Rs.10/- (Rupees Ten Only) each to Rs. 12,00,00,000/- (Rupees Twelve Crores Only) consisting of 1,20,00,000 (One Crore Twenty Lakh) Equity Shares of Rs. 10/- (Rupee Ten) each by inserting 60,00,000 Equity Shares of Rs. 10 each vide resolution passed on May 17, 2024 through Extra-ordinary General Meeting.

PREFERENTIAL ALLOTMENT:

During the financial year 2024-25, the Company raised funds through the preferential allotment of warrants convertible into equity shares in accordance with the provisions of Section 62(1)(c) and other applicable provisions of the Companies Act, 2013, read with applicable rules and in compliance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended.

The Board of Directors, after obtaining the approval of shareholders in the Annual General Meeting held on September 28, 2024, allotted 60, 00,000 convertible warrants on a preferential basis, each carrying a right to apply for and be allotted one equity share of face value ?10 each at a price of ^15.30 per equity share (including a premium of ?5.30 per share), aggregating to ?9, 18, 00,000.

An amount equivalent to 25% of the issue price, was received upfront on the date of allotment of warrants in accordance with the applicable regulatory requirements. The balance 75% has been paid by the warrant holders at the time of exercise of the option to convert the warrants into equity shares on February 11, 2025.

The object of the preferential issue is to meet working capital.

The Company has complied with all applicable provisions of the Companies Act, 2013 and SEBI Regulations with respect to the aforesaid issue.

ALTERATION OF MEMORANDUM OF ASSOCIATION (MOA) AND ARTICLE OF ASSOCIATION (AOA)

Pursuant to the approval of the members at the Extra-ordinary General Meeting held on May 17, 2024, Clause V of the Memorandum of Association (‘Capital Clause) was amended to increase the authorized share capital from ^6,00,00,000 (divided into 60,00,000 equity shares of ?10 each) to ^12,00,00,000 (divided into 1,20,00,000 equity shares of ?10 each). Consequential amendments were made to both the Memorandum of Association and the Articles of Association."

Further, at the Board Meeting held on May 30, 2025, the Board approved (subject to shareholder approval at the forthcoming Annual General Meeting and requisite regulatory filings) the alteration of the Main Object Clause of the Memorandum. The proposed changes aim to authorize the Company to expand into lending secured by movable and immovable assets—including gold, jewellery, vehicles, property, shares, debentures, and other financial instruments—and to conduct lending activities via loans, advances, hire-purchase, leasing, and other modes with or without security, in accordance with applicable regulations governing Non-Banking Financial Companies (NBFCs).

The proposed amendment is in line with the Companys strategic objectives to diversify its lending portfolio and extend its customer base. The alteration will be effected through a special resolution at the upcoming AGM and will be followed by filings with the Registrar of Companies and other relevant authorities, in accordance with Sections 13 and 61 of the Companies Act, 2013.

CONSOLIDATED FINANCIAL STATEMENT

In accordance with the Act and Indian Accounting Standard (IND AS) - 27 on Consolidated Financial Statements read with IND AS - 28 on Accounting for Investments in Associates, the audited Consolidated Financial Statements are not applicable to your Company hence no information is being provided.

CHANGE IN NATURE OF BUSINESS

During the year under review, there was no change in the nature of Business.

PERFORMANCE OF SUBSIDIARY, ASSOCIATE AND JOINT VENTURE COMPANIES

Your Company does not have any Subsidiaries, Joint Venture and Associates Companies. Accordingly, no information is provided in respect of changes therein.

MATERIAL SUBSIDIARIES

The Company does not have any subsidiary including Material Subsidiary.

DIRECTORS AND KEY MANAGERIAL PERSONNEL:

As on March 31, 2025, the composition of the Board is in conformity with the requirements of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company has an optimum combination of executive, non-executive and independent directors, including a woman director.

The Board comprises 5 (Five) Directors, which includes:

• 1 (One) Managing Director (Executive Director),

• 1 (One) Non-Executive Non-Independent Director, and

• 3 (Three) Non-Executive Independent Directors, including 1 (One) Woman Director.

• Mrs. Saroj Gupta is the Chief Financial Officer of the Company.

• Mrs. Khushambi is the Company Secretary of the Company.

The composition of the Board reflects a balanced mix of professionalism, knowledge, and experience in diverse fields, which enhances the quality of its deliberations and decision-making.

CHANGES IN KEY MANAGERIAL PERSONNEL

In accordance with the provisions of Section 149 and 152 of the Companies Act, 2013, read with the applicable Rules made thereunder, as amended from time to time, and Regulation 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the following changes took place in the composition of the Board during the year under review:

• Mr. Piyush Prakash, Non-Executive Independent Director, ceased to be a Director of the Company upon completion of his tenure on September 29, 2024.

• Mr. Parameswaran Subramaniam, Non-Executive Independent Director, ceased to be a Director of the Company upon completion of his tenure on September 29, 2024.

• Mr. Anil Kumar Goel, Executive Director, resigned from the Board with effect from the close of business hours on April 11, 2024, due to advanced age and health issues.

• Mr. Rajan Gupta was appointed as an Executive Director at the Board Meeting held on April

18, 2024, and his appointment was regularized by the shareholders at the Extra-Ordinary General Meeting held on May 17, 2024, for a term of three years from April 18, 2024 to April 17, 2027. He subsequently resigned from the post with effect from the close of business hours on August 22, 2024, due to personal reasons.

• Mr. Bakhshish Gupta was appointed as a Non-Executive Non-Independent Director at the Board Meeting held on August 29, 2024, and his appointment was regularized by the shareholders at the Annual General Meeting held on September 28, 2024.

• Mr. Y ash Saraswat was appointed as an Independent Director at the Board Meeting held on March 09, 2024, and his appointment was regularized by the shareholders at the Extra-Ordinary General Meeting held on May 17, 2024, for a term of five years from March 09, 2024 to March 08, 2029.

• Mr. Nitin Batri was appointed as an Independent Director at the Board Meeting held on March

19, 2024, and his appointment was regularized by the shareholders at the Extra-Ordinary

General Meeting held on May 17, 2024, for a term of five years from March 19, 2024 to March 18, 2029.

• Mrs. Saroj Gupta, who was serving as the Chief Financial Officer (CFO), has been appointed as the Managing Director (MD) of the Company with effect from May 30, 2025, and consequently, she ceased to act as CFO.

• Mr. Pradeep Kumar Misra was appointed as an Additional Director and Chief Financial Officer (CFO) with effect from May 30, 2025. His appointment as a Director is subject to regularization at the ensuing Annual General Meeting.

• Mrs. Geeta Hans and Mrs Divya Malini Gupta resigned from the position of Independent Director and Managing Director respactively of the Company with effect from the close of business hours on May 30, 2025, due to personal reasons and other pre-occupations.

The Board places on record its appreciation for the valuable contributions made by the outgoing Directors during their tenure and welcomes the newly appointed Directors to the Board.

DECLARATION OF INDEPENDENCE U/S 149(6)

The Board has received declarations from all the Independent Directors of the Company confirming that they meet with the criteria of independence as prescribed under sub-section (6) of Section 149 of the Companies Act, 2013 and in the opinion of the Board they fulfill the conditions specified in the Act and the Rules made thereunder and are Independent of the management.

BOARD MEETINGS

During Financial Year 2024-2025, the Board met 9 Times i. e. April 18, 2024; May 30, 2024; August 12, 2024; August 29 2024; October 15, 2024; October 22, 2024; October 28, 2024; February 11, 2025; February 14, 2025.

The necessary quorum was present for all the meetings.

The Company holds the board meeting in compliance with law and the gap between two meetings did not exceed one hundred and twenty days during the FY 2024-25. The detailed agenda and notes thereon are sent to all the directors seven days in advance from the date of Board Meeting. The Managing Director appraised the Board on the overall performance of the Company at every Board Meeting. The Board reviews the performance of the Company and sets the strategy for future. The Board takes on record the actions taken by the Company on all its decisions periodically.

For details, please Refer Report on Corporate Governance of the Financial Y ear 2024-25.

ANNUAL EVALUATION - BOARD AND ITS COMMITTEES

The Nomination and Remuneration ("NR") Committee has laid down proper criteria and procedure to evaluate and scrutinize performance of the Chairman, each Director (including Executive, Non- Executive and Independent Directors), of the Board as a whole and its committee.

As per laid down procedure, the Independent Directors held a separate meeting to review the performance of the Chairman of the Company after considering the views of Executive and Non- Executive Directors. The Independent Directors also reviewed performance of every Executive and Non-Executive Director of the Board. The performance evaluation of each Independent Director was done by the entire Board (except the Independent Directors being evaluated).

The performance of each committee has been evaluated by its members and found to be highly satisfactory. On the basis of this exercise, the NR Committee and the Board, after recognizing the important contribution being made by each Independent Director has decided that all Independent Directors should continue to be on the Board.

REMUNERATION POLICY

Your Company has set up a Nomination and Remuneration (‘NR) Committee pursuant to Section 178 of the Act which has formulated a Policy for Directors Appointment and remuneration for Directors, KMP and other employees. They have also developed the criteria for determining qualifications, positive attributes and Independence of a Director including making Payments to Non-Executive Directors, if any.

Pursuant to the provisions of Section 197(12) of the Act read with Rules made thereof, Remuneration details of the Employees, KMPs and Directors along with the details of the Ratio of the Remuneration of each Director to the Median Employees Remuneration Forms Part of the Report and are attached as Annexure - I.

DIRECTORS RESPONSIBILITY STATEMENT

Your Directors make the following statement in terms of Section 134(3)(c) & (5) of the Act, which is to the best to their knowledge and belief and according to the information and explanations obtained by them:

a. that in the preparation of the Annual Accounts for the Financial Year ended March 31, 2025, the applicable Accounting Standards have been followed along with proper explanation relating to Material Departures;

b. that Appropriate Accounting Policies have been Selected and applied consistently and Judgments and Estimates that are reasonable and Prudent have been made so as to give a true and fair view of the State of Affairs as at March 31, 2025 and of the Profit of your Company for the Financial Year ended March 31, 2025;

c. that Proper and Sufficient care has been taken for the Maintenance of adequate accounting Records in accordance with the Provisions of the Act, for safeguarding the assets of your Company and for preventing and detecting fraud and other irregularities;

d. that the Annual Accounts for the Financial Year ended March 31, 2025 have been prepared on a going concern basis;

e. that the Directors have laid down Internal Financial Controls which were 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.

CORPORATE GOVERNANCE

At G.K. Consultants Limited, it is our firm belief that the essence of Corporate Governance lies in the phrase ‘Your Company. It is ‘Your Company because it belongs to you - the shareholders. The Chairman and Directors are ‘Your fiduciaries and trustees. Their objective is to take the business forward in such a way that it maximizes ‘Your long-term value.

The Company believes that the Code of Corporate Governance is an excellent tool to secure the Corporate Excellence in the country. Hence, the Company is in full Compliance with the Norms and disclosures that have to be made on Corporate Governance as per the Requirements of Schedule V(C) of Listing Regulations.

The Board has also evolved and adopted a Code of Conduct based on the principles of Good Corporate Governance and best management practices being followed. The Code is available on the website of your Company www.gkconsultantsltd.com.

A Report on Corporate Governance along with Certificate on its compliance is annexed hereto as Annexure - II.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

A detailed chapter on ‘Management Discussion and Analysis (MDA), pursuant to Regulation 34 and Schedule V(E) of Listing Regulations, is annexed hereto as Annexure - III and forms part of this Annual Report.

TRANSFER TO GENERAL RESERVE

During the year under review, the Company has not transferred any amount to General Reserves. CONTINGENT PROVISION ON STANDARD ASSETS

Your Company has created a general provision of Rs. 462.61 thousands at 0.40% of the outstanding standard assets as per notification no. RBI/2014-15/299 dated 10th November, 2014 issued by RBI for all NBFCs.

DIVIDEND

To conserve funds for undertaking future activities, your Board has decided to not to recommend any Dividend for the Financial Year under review.

TRANSFER TO INVESTOR EDUCATION AND PROTECTION FUND (IEPF)

During the year under review, as there was no amount due to transfer in IEPF, accordingly no amount has been transferred to IEPF.

DEPOSITS

During the year under review, the Company did not accept any deposit from public accordingly no information is required to be appended to this Report in terms of Non-Banking Financial Companies (Reserve Bank) Directions, 1977.

MATERIAL CHANGES AND COMMITMENTS

As required under Section 134(3) of the Act, the Board of Directors informs the members that during the financial year i.e. 31 March, 2025, there have been no material changes between the closing of the financial year of the Company till the date of this report, except as disclosed elsewhere in the Annual Report.

LOANS, GUARANTEES AND INVESTMENTS

Details of Loans and Investments covered under the provisions of Section 186 of the Act are given in the notes to the Financial Statements. However, during the FY 2024-25 your Company has not provided any guarantee pursuant to provisions of Section 186 of the Act.

RELATED PARTY TRANSACTIONS

During Financial Year 2024-25, there were related party transactions took place in ordinary course of business and at arms length. Form AOC-2 pursuant to Section 134 (2) (h) of the Companies Act, 2013 read with Rule 8 (2) of the Companies (Accounts) Rules, 2014 is annexed hereto as Annexure - IV and forms part of this Annual Report.

The Company has adopted a policy on materiality of related party transactions and dealing with Related Party Transactions and the same is disclosed on the website of the Company, viz., www.gkconsultantsltd.com. under the heading "Investor".

VIGIL MECHANISM/ WHISTLE BLOWER POLICY

Your Company has in place a well formulated Vigil Mechanism/ Whistle Blower Policy to deal with instance of fraud and mismanagement, if any. The Policy enables the Employees, Directors and other stakeholders to raise their concern. There was no incident when the access to the Audit Committee was denied to any employees with respect to Vigil Mechanism.

The Vigil Mechanism/ Whistle Blower Policy has been displayed at the website of the Company, www.gkconsultantsltd.com, under the heading "Investor".

AUDIT COMMITTEE

The Audit Committee of your Company comprises of the following Directors:

1.	Mr. Nitin Batri	Chairperson
2.	Mr. Yash Saraswat	Member
3.	Mrs. Saroi Gupta	Member

During the year under review, the following changes took place in the composition of the Audit Committee:

• Mr. Piyush Prakash, Non-Executive Independent Director, ceased to be a chairperson of the Committee upon completion of his tenure on September 29, 2024.

• Mr. Nitin Batri was inducted as the Chairperson of the Audit Committee with effect from August 12, 2024.

• Mrs. Divya Malini Gupta resigned from the Board and consequently ceased to be a member of the Audit Committee with effect from May 30, 2025.

• Mrs. Saroj Gupta was inducted as a member of the Audit Committee with effect from May 30, 2025.

Details of recommendations of audit committee which were not accepted by the board along with reasons

The Audit Committee generally makes certain recommendations to the Board of Directors of the Company during their meetings held to consider any financial results (Unaudited and Audited) and such other matters placed before the Audit Committee as per the provisions of Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 from time to time. During the year the Board of Directors has considered all the recommendations made by the Audit Committee and has accepted and carried on the recommendations suggested by the Committee to its satisfaction. Hence, there are no recommendations which were unaccepted by the Board of Directors of the Company during the year under review.

STATUTORY AUDITORS

M/s. Vinod Kumar Gupta & Associates, Chartered Accountants (Firm Registration No. 002377C), who were appointed as the Statutory Auditors of the Company for a term of 5 (Five) years at the 32^nd Annual General Meeting (AGM), have completed their tenure in accordance with the provisions of Section 139 of the Companies Act, 2013 and are not willing for reappointment.

The Board of Directors, on the recommendation of the Audit Committee, has proposed the appointment of M/s. Punam Kumar Gupta & Associates, Chartered Accountants (Firm Registration No. 013416N), as the Statutory Auditors of the Company for a term of 5 (Five) years, subject to approval of the shareholders at the ensuing AGM.

The Board recommends the resolution for approval of the members.

SECRETARIAL AUDITOR

Pursuant to the Provisions of Section 204 of the Companies Act, 2013 read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, your Company has appointed M/s. G Rishabh & Co., (CP No 26699) a sole Proprietor of Company Secretaries in Practice to undertake the Secretarial Audit of the Company for a term of 5 (Five) years, subject to approval of the shareholders at the ensuing AGM.

INTERNAL AUDITOR

The Board of Directors of your Company has appointed M/s Ayesha Gupta & Co., Chartered Accountants, as internal auditors of the Company pursuant to the provision of Section 138 of the Companies Act for the financial year 2024-2025.

COST ACCOUNTANT

Pursuant to provision of Section 148 of the Companies Act, 2013 read with Companies (Audit and Auditor) Rules, 2014, the requirement of Cost Audit is not applicable on the Company.

AUDITORS REPORT AND SECRETARIAL AUDITORS REPORT

The observations of Auditors in their Report, read with the relevant notes to accounts are self- explanatory and therefore do not require further explanation pursuant to Section 134(3)(f)(i).

The Secretarial Audit Report for the Financial Year ended March 31, 2025 is annexed herewith as Annexure - V. The Secretarial Audit Report for FY 2024-25 also does not bear any adverse comments or observations that require any explanation pursuant to Section 134(3)(f)(ii).

INTERNAL CONTROL SYSTEMS

Your Company has a proper and adequate system of internal controls. This ensures that all assets are safeguarded and protected against loss from unauthorized use or disposition and those transactions are authorized, recorded and reported correctly.

An extensive programme of internal audits and management reviews supplements the process of internal control. Properly documented policies, guidelines and procedures are laid down for this purpose. The Internal Control System has been designed to ensure that the financial and other records are reliable for preparing financial and other statements and for maintaining accountability of assets.

To strengthen the internal control system in providing finance to parties, your Company has got itself registered with CIBIL, Equifax, Experian.

Your Company has in place adequate internal financial controls with reference to financial statements. During the year, such controls were tested and no reportable material weakness in the design or operation was observed.

SECRETARIAL STANDARDS

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

INSIDER TRADING CODE

In compliance with the SEBI regulation on prevention of insider trading, your Company had instituted a Comprehensive Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders. The said Code has laid down guidelines, which advised them on procedures to be followed and disclosures to be made, while dealing with shares of the Company and cautioned them on consequences of non-compliances.

Further your Company has put in place a Code of Practices and Procedures of Fair Disclosures of Unpublished Price Sensitive Information. Both the aforesaid Codes are in lines with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

BUSINESS RESPONSIBILITY REPORT

Your Company is not required to prepare any Business Responsibility Report (BRR), hence the same is not provided along with this Report.

LISTING

The equity shares of the Company are listed on the Stock Exchange viz., Bombay Stock Exchange of India Ltd (BSE). The Company has paid the applicable listing fees to the Stock Exchange within the stipulated time for the financial year 2024-25.

PERSONNEL

Your Directors place on record their appreciation for the significant contribution made by all employees, who through their competence, dedication, hard work, co-operation and support have enabled the Company to perform on a continual basis.

EXTRACT OF ANNUAL RETURN

The details forming part of Annual Return pursuant to Sections 92 of the Companies Act, 2013 will be made available at the website of the Company at www.gkconsultantsltd.com. under the heading "Investor".

Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo, Research and Development

(A) Conservation of Energy: The Company is a NBFC and not engaged in manufacturing activity and hence, Absorption of Technology is not applicable on your Company. However, the Company strives to save the energy resources as a part of good corporate practice.

(B) Research & Development & Technology Absorption:

a) Research & Development: The Company is a NBFC and not engaged in manufacturing activity and hence, Absorption of Technology is not applicable on your Company.

b) Absorption of Technology: The Company is a NBFC and not engaged in manufacturing activity and hence, Absorption of Technology is not applicable on your Company.

a) Foreign Exchange Earnings and Outgo:

Foreign Exchange Earnings - Nil Foreign Exchange Outgo - Nil

STATUTORY DISCLOSURES

During the year under review, there were no transactions or events with respect to the following, hence no disclosure or reporting is required:

• Significant or material orders passed by the Regulators or Courts or Tribunals, impacting the going concern status and Companys operations in future.

• Receipt of any remuneration or commission from any of its subsidiary companies by the Managing Director or the Whole-time Directors of the Company.

• Buy back of securities/issue of sweat equity shares/issue of equity shares with differential rights.

• Matters reported by the Auditor under Section 143(12) of the Companies Act, 2013 either to the Audit Committee, Board of Directors or the Central Government.

• Revision of the previous years financial statements

• Application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016

• One-time settlement with any bank or financial institution

PREVENTION, PROHIBITION AND REDRESSAL OF SEXUAL HARASSMENT AT WORKPLACE:

The Company has zero tolerance for sexual harassment at workplace and has formulated a Policy on Prevention, Prohibition and Redressal of Sexual Harassment at the Workplace, in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Rules there under. The Policy aims to provide protection to employees at the workplace prevent and redress complaints of sexual harassment and for matters connected or incidental thereto, with the objective of providing a safe working environment, where employees feel secure.

The Company has also constituted an Internal Complaints Committee, to inquire into complaints of sexual harassment and recommend appropriate action.

The Company has not received any complaint of sexual harassment during the financial year 2024-25. CASH FLOW STATEMENT

In compliance with the provisions of Section 134 of Companies Act, 2013 and Regulation 34(2)(c) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Cash flow statement for the financial year ended March 31, 2025 forms part of this Annual Report.

GREEN INITIATIVE

Electronic copy of the Annual Report for FY 2024-25 and the Notice of the ensuing AGM is being sent to all shareholders whose email addresses are available in demat account and registered with Companys Registrar and Share Transfer Agent. As per the Circulars issued by Ministry of Corporate Affairs shareholders holding shares in demat form are requested to update their email addresses with their Depository Participant(s) and for shareholders holding shares in physical form, should get their email registered with Beetal Financial & Computer Services Private Limited, Companys Registrar and Share Transfer Agent.

ACKNOWLEDGEMENT

It is our strong belief that caring for our business constituents has ensured our success in the past and will do so in future. Your Directors acknowledge with sincere gratitude the co-operation and assistance extended by the Government authorities, Banks and Vendors.

The Board also takes this opportunity to express its deep gratitude for the continued co-operation and support received from its valued shareholders. Your Board is also thankful to the auditors of the Company for their advice and guidance.

FOR AND ON BEHALF OF THE BOARD
Nitin Batri	Bakhshish Gupta
Chairperson	Director
DIN: 02271294	DIN: 09466909
New Delhi
May 30, 2025