Dear Shareholders,

On behalf of the Board of Directors, it is our pleasure to present the 49 th Annual Report together with the Audited Annual Statement of Accounts of M/s Standard Shoe Sole and Mould (India) Ltd. ( " the Company " ) for the year ended March 31, 2025.

FINANCIAL PERFORMANCE

The summarized standalone results of your Company are given in the table below:

(Amount in Rs.)

*previous year figures have been regrouped/rearranged wherever necessary.

SHARE CAPITAL

During the year, the Company had not allotted any Equity Shares on rights/ preferential/ private placement basis. The Company has also not allotted any Preference Shares/ Debentures. As on 31 st March, 2025, the issued, subscribed and paid up share capital of your Company stood at Rs.5,18,15,000 /- comprising 51,81,500 Equity shares of Rs.10/- each.

ISSUE OF SHARES / BUY BACK / EMPLOYEES STOCK OPTION SCHEME / SWEAT EQUITY

During the year under review, the Company did not undertake any share buybacks, issue shares with differential voting rights, issue Sweat Equity Shares, or implement any Stock Option Scheme for its employees.

RESERVES

The Company does not propose to transfer any amount to Reserves.

DIVIDEND

The Directors have not recommended any dividend for the Financial Year 2024-25.

SUMMARY OF OPERATIONS

The Company ' s Revenue from operations in the Financial Year 2024-25 was NIL same as in the previous Financial Year 2023-24. The Company had incurred Loss of Rs. 18,56,021 in the Financial Year 2024-25 as compared to Loss of Rs. 65,88,194 in the previous Financial Year 2023-2024.

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).

MANAGEMENT DISCUSSION & ANALYSIS REPORT

In terms of Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, a detailed " Management Discussion & Analysis Report " comprising an overview of the financial results, operations / performance and the future prospects of the Company is appended to this Report and marked as " Annexure- I " .

EXTRACT OF ANNUAL RETURN

Pursuant to section 92(3) of the Companies Act, 2013 ( ' the Act ' ) and rule 12(1) of the Companies (Management and Administration) Rules, 2014, extract of annual return is available on the website of the Company at www.sssmil.com.

MATERIAL CHANGES AND COMMITMENTS 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 of the Company to which the financial statements relate and the date of the report.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS

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

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

The Company has not provided any loan to any person or body corporate or given any guarantee or provided security in connection with such loan or made any investment in the securities of any body corporate pursuant to Section 186 of the Companies Act, 2013.

RELATED PARTY TRANSACTIONS

Throughout the year under review, all Related Party Transactions are conducted in the ordinary course of business and at arm ' s length. Each such transaction was pre-approved by the Audit Committee. None of these transactions were deemed material or subject to Section 188(1) of the Companies Act. All required disclosures under Ind AS 24 are included in the Notes to the Financial Statements for the year ended March 31, 2025.

FIXED DEPOSITS

The Company has not invited, accepted or renewed any fixed deposits from the public as at 31 st March, 2025 and accordingly there is no principal or interest outstanding in respect thereof.

DETAILS OF LOAN TAKEN FROM DIRECTORS OR RELATIVE OF DIRECTORS

During the period under review, the Company has obtained loan from Ms. Shanti Tunk, Director of the Company amounting to Rs. 14,70,050 (Fourteen Lakhs Seventy Thousand and Fifty only).

Pursuant to Section 180(1)(c) of the Companies Act, 2013, the Board of Directors of a Company is empowered to borrow money, provided that the money to be borrowed, together with the money already borrowed by the Company, does not exceed the aggregate of its paid-up share capital, free reserves, and securities premium, except with the consent of the Company by a special resolution passed in a general meeting. However, in compliance with the above mentioned provision, the Company had obtained Shareholders ' approval by Special Resolution in its 48 th Annual General Meeting.

ADEQUACY OF INTERNAL FINANCIAL CONTROLS

The internal financial controls with reference to the Financial Statements are commensurate with the size and nature of business of the Company. The Company has established adequate internal financial control systems to ensure reliable financial reporting and compliance with laws and regulations. All resources are put to optimal use and adequately protected against any loss. All transactions are authorized, recorded and reported correctly. Policies and guidelines of your Company are being adhered to and improvements in process efficiencies and effectiveness are being carried out on an ongoing basis. For more details, please refer to the Management Discussion & Analysis Report forming part of this Annual Report.

CORPORATE GOVERNANCE

The matter related to Corporate Governance is not applicable to your Company as the Paid up Share Capital of the Company is below Rs. 10 Crore and the Networth of the Company is below Rs. 25 Crores as on the last day of the previous Financial Year as well as on date of the report. This provision is contained in Regulation 15 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015.

DETAILS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

a) Conservation of energy: During the year, there was no consumption of power and energy .

b) Technology absorption: During the year, there was no absorption of technology.

c) Foreign exchange earnings and Outgo: During the year, there was no foreign exchange earnings and outgo.

HOLDING AND SUBSIDIARY

The Company is not a Holding Company or Subsidiary to any other Company.

AUDITORS AND AUDITORS ' REPORT

Statutory Audit:

S. Daga & Co., Chartered Accountants, (Firm Regn No.: 000669S), was appointed as Statutory Auditors of the Company for a period of 5(five) years from the conclusion of the 48 th AGM till the conclusion of the 53 th AGM of the Company in the 48 th Annual General Meeting of the Company.

The report of the Statutory Auditors along with notes to Schedules for the Financial Year 2024-25 is enclosed to this Report. The observations made in the Auditors ' Report are self-explanatory and therefore do not call for any further comments.

Internal Auditor:

As recommended by the Audit Committee, the Board of Directors had appointed Aniket & Co., Chartered Accountants, as Internal Auditors of the Company for the Financial Year 2024-25 to conduct internal audit of the Company and their report on findings is submitted to the Audit Committee on periodic basis.

Cost Audit:

As per the Cost Audit Orders, Cost Audit is not applicable to the Company's products/ business of the Company for the Financial Year 2024-25.

Secretarial audit:

In terms of 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, Mr. Madhur Gandhi, Practicing Company Secretary of Madhur Gandhi & Associates, Company Secretaries was appointed as Secretarial Auditor of the Company, to conduct Secretarial Audit for the Financial Year ended March 31, 2025. The Report of the Secretarial Auditor issued by Mr. Madhur Gandhi in Form MR-3 is appended to this Report.

DIRECTORS ' RESPONSIBILITY STATEMENT

Pursuant to the provisions of Section 134 of the Companies Act, 2013, your Directors to the best of their knowledge and belief, hereby confirm that: (a) in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

(b) they had 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 loss of the company for that period;

(c) they had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of Companies Act, 2013 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(d) they had prepared the annual accounts on a going concern basis;

(e) they had 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) they had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

CORPORATE SOCIAL RESPONSIBILITY

As per section 135 of the Companies Act, 2013, every company having net worth of rupees five hundred crores or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crores or more during any financial year shall constitute a Corporate Social Responsibility Committee of the Board consisting of three or more directors, out of which atleast one director shall be an independent Director and shall also spend atleast 2% of the average net profits before tax made during the three immediately preceding financial years in pursuance of its Corporate Social Responsibility Policy. Since the criterions set out in Section 135 of the Companies Act, 2013 is not applicable to your Company; no sum was spent on CSR during the Financial Year 2024-25.

DIRECTORS & KEY MANAGERIAL PERSONNEL

The Company ' s Board is duly constituted and is in compliance with the requirements of the

Companies Act, 2013, the Listing Regulations and provisions of the Articles of association of the Company.

Directors:

? Mr. Mithun Paul (DIN - 09552435), Ms. Sangita Das (DIN 09037517) & Mr. Sudarshan Kumar Mishra (DIN - 06444037), Non-Executive Directors of the Company tendered their resignation from the position of Directorship w.e.f 1st April, 2024.

? Mr. Rajiv Issar (DIN - 00977525) & Mr. Bal Kishan Das (DIN 06853342), Independent Directors of the Company tendered their resignation from the position of Independent Director w.e.f 1st April, 2024.

? Mrs. Sudha Tenani (DIN - 09552406), Whole-time Director of the Company, tendered her resignation from the position of Directorship w.e.f 1st April, 2024.

? Mr. Rakesh Kolla (DIN 09785871) was appointed as the Whole-time Director of the Company w.e.f 3 rd April, 2024 and the same was approved by the Shareholders in the Extra-Ordinary General Meeting held on 1 st July 2024.

? Mr. Suresh Pillutla (DIN: 08619866) & Ms. Iram Anjum Beg (DIN: 10571191), appointed as an Additional Director w.e.f. 3rd April, 2024 and regularized as Independent Director for a term of five years in the Extra-Ordinary General Meeting of the Company dated 1st July, 2024.They had submitted a declaration confirming that they meet the criteria for an Independent Director.

? Ms. Sangita Parida (DIN - 09215260) retires by rotation and being eligible, offers herself for reappointed in the 49 th Annual General Meeting.

Key Managerial Personnel:

? Ms. Prity Gupta, Company Secretary and Compliance Officer of the Company tendered her resignation w.e.f 1 st April, 2024.

? Mrs. Renu Bhatter, Chief Financial Officer of the Company tendered her resignation from the post of Chief Financial Officer w.e.f 1st April, 2024.

? Ms. Nandhi Sowmya was appointed as the Chief Financial Officer of the Company w.e.f 1st April, 2024.

? In order to meet the requirement of SEBI LODR 2015, Ms. Nandhi Sowmya was appointed as the Compliance Officer for an interim period w.e.f 1 st April, 2024 and her role as interim Compiance Officer ended on 25 th June 2024.

? Mr. Sandeep Garg, was appointed as the Company Secretary and Compliance Officer of the Company w.e.f 29th June, 2024.

Details of Board Meeting:

During the year, nine Board meetings were held, details of which are given below:

PERFORMANCE EVALUATION OF THE BOARD

Pursuant to the provisions of Section 178 of the Companies Act, 2013 read with Rules framed thereunder and provisons of Schedule IV to the Act as well as the Listing Regulations, the Company has carried out performance evaluation of the Board of Directors, Committees of the Board and individual Directors on the basis of participation of Directors, quality of information available, quality of discussions, contributions and decision making, etc.

COMMITTEES OF BOARD

a. Audit Committee:

The Audit Committee met seven times during the financial year ended 31st March, 2025, i.e., on 03.04.2024, 23.05.2024, 30.05.2024, 14.08.2024, 02.09.2024, 14.11.2024, and 13.02.2025.

b. Nomination & Remuneration Committee:

The Nomination & Remuneration Committee met two times during the financial year ended 31st March, 2025, i.e., on 03.04.2024 and 29.06.2024.

c. Stakeholders Relationship Committee:

The Stakeholders Relationship Committee met one time during the financial year ended 31st March, 2025, i.e., on 13.02.2025.

d. Corporate Social Responsibility Committee: Not Applicable

MEETINGS OF INDEPENDENT DIRECTORS

As per Schedule IV to the Companies Act, 2013, Secretarial Standards- 1 (SS-1) read with the Guidance Note on SS-1 and the Listing Regulations, the meeting of the Independent Directors was held on 13.02.2025.

DECLARATION OF INDEPENDENCE

The Company has received declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence as prescribed under Section 149(6) of the Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and also confirmed that they have complied with the Code for Independent Directors prescribed in Schedule IV of the Companies Act, 2013.

FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS

The Company has Familiarization Programme for Independent directors to familiarize them with regard to their roles, rights, responsibilities, in the Company along with nature of industry in which the Company operates, business model, code of conduct and policies of the Company etc. The Familiarization Programme is also available on the website of the Company.

VIGIL MECHANISM

Pursuant to the requirement of the Act, the Company has established vigil mechanism for Directors and employees to report their genuine concerns. The Whistle Blower Policy/Vigil Mechanism provides for adequate safeguards against victimization of director(s)/employee(s) who avail of the mechanism and also provide for direct access to the Chairman of the Audit Committee in exceptional cases as detailed in the Policy. The details of the Whistle Blower Policy are available on the website of the Company. No person has been denied access to the Chairman of the Audit Committee.

CODE OF CONDUCT

The board of your Company has laid down Code of Conduct for Directors and Senior Management Personnel of the Company. All the Directors and Senior Management Personnel have affirmed compliance with these codes.

CEO/CFO CERTIFICATION

As required under Regulation 17(8) of the Listing Regulations, the Whole Time Director and the Chief Financial Officer of the Company have jointly certified the financial statements for the financial year ended 31 st March, 2025.

REMUNERATION RATIO TO DIRECTORS/KMP/EMPLOYEES

The disclosures pertaining to remuneration and other details as required under Section 197 of the Act read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is a attached as 'Annexure II' forming part of this report.

RISK MANAGEMENT POLICY

In terms of the requirement of the Act, the Company has developed and implemented the Risk Management Policy and the Audit Committee of the Board reviews the same periodically. The Company has in place a mechanism to inform the Board about the risk assessment and minimization procedures and periodical review to ensure that risk is controlled by means of a properly defined framework. In the Board ' s view, there are no material risks, which may threaten the existence of the

Company.

COMPANY ' S POLICY ON APPOINTMENT AND REMUNERATION

Policy on Directors ' appointment and remuneration of Key Managerial Personnel:

The policy on Directors ' appointment and remuneration including the criteria for determining the qualifications, positive attributes, independence of a Director and other matters provided under Section 178(3) of the Companies Act, 2013 form part of the Nomination & Remuneration Committee policy of the Company. The same has been adopted in line with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 after the same were notified.

POLICY ON PREVENTION OF SEXUAL HARASSMENT AT WORKPLACE

The Company has in place a Policy for Prevention of Sexual Harassment at Workplace in line with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. An 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. There were no complaints received during the year.

SHIFTING OF REGISTERED OFFICE OF THE COMPANY FROM THE STATE OF WEST BENGAL TO THE STATE OF TELENGANA

The Company received the Regional Director Approval for shifting of Registered Office of the Company from the State of West Bengal to the State of Telengana vide Order dated 13 th February 2025. Hence, the new Registered Office address of the company state as " 201 B, 2nd Floor, Shangrilla Plaza, Road No 2, Park View Enclave, Banjara Hills, Banjara Hills, Hyderabad, Khairatabad, Telangana, India, 500034 " .

DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016

The Company did not file any applications or have any proceedings pending under the Insolvency and Bankruptcy Code, 2016, during the financial year 2024-25.

COMPLIANCE WITH SECRETARIAL STANDARDS

During the year under review, the Company has duly complied with the applicable provisions of the Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2) issued by The Institute of Company Secretaries of India.

ACKNOWLEDGEMENT

The Directors place on record their appreciation for employees at all levels, who have contributed to the growth and performance of your Company.

The Directors also thank the clients, vendors, bankers, shareholders and advisers of the Company for their continued support.

The Directors also thank the Central and State Governments, and other statutory authorities for their continued support.