To, The Members,

Your Directors have the pleasure in presenting 35^th Annual Report on the business and operations of the Company and the accounts for the Financial Year ended 31 March 2026.

1. Financial highlights

* EBITDA is inclusive of other income.

2. Performance of the Company

The key highlights of the Company's performance is as under:

Financial Overview (Consolidated Performance)

Our revenues were decreased by 57.20% at H73,496 lakhs during the year compared to H1,71,738 lakh in the previous year. Earnings before Interest Taxes and Depreciation was decreased by 97.11% at H641 lakhs as compared to H22,223 lakhs. EBITDA margins decreased from 12.94 % to 0.87 % during the year. Total Comprehensive Income (post minority interest) decreased to H(3,890) lakhs compared to H10,627 lakhs in the previous year. Earnings per Share stood at H(4.51) as compared to H14.02 last year.

The decline in the Company's financial performance during the year is primarily attributable to a significant reduction in revenue, which decreased by 57.20% to H73,496 lakhs from H1,71,738 lakhs in the previous year wherein revenue could not be recognized for certain projects due to non-receipt of Occupancy Certificates (OC) during the year. As a result, despite progress in project execution, the absence of OC led to deferment of revenue recognition since the Company follows the Completed Contract Method (CCM) of revenue recognition. The lower revenue base, coupled with ongoing fixed operating costs, resulted in the Company reporting a decrease in EBITDA of H641 lakhs as compared to H22,223 lakhs in the previous year, and EBITDA margins declined to 0.87% from 12.94%. Consequently, Total Comprehensive Income also decreased to H(3,890) lakhs from H10,627 lakhs in the previous year. Earnings per Share (EPS) declined to H(4.51) as against H14.02 in the previous year.

Financial Overview (Standalone Performance)

Our revenues were decreased by 57.23% at H65,834 lakhs during the year compared to H1,53,909lakhsinthepreviousyear.Earningsbefore Interest Taxes and Depreciation was decreased to H5,060 lakhs as compared to 22,552 lakhs in the previous year. EBITDA margins decreased to 7.69% from 14.65% during the year. Total Comprehensive Income decreased to H(239) lakhs compared to H11,440 lakhs in the previous year. Earnings per Share stood at H(0.23) as compared to H15.08 last year.

The decline in the Company's financial during the year is primarily attributable to a significant reduction in revenue, which decreased by 57.23% to H65,834 lakhs from H1,53,909 lakhs in the previous year wherein revenue could not be recognized for certain projects due to non-receipt of Occupancy Certificates (OC) during the year. As a result, despite progress in project execution, the absence of OC led to deferment of revenue recognition since the Company follows the Completed Contract Method (CCM) of revenue recognition. The lower revenue base, coupled with ongoing fixed operating costs, resulted in the

Company reporting a decrease in EBITDA of H5,060 lakhs as compared to H22,552 lakhs in the previous year, and EBITDA margins declined to 7.69% from 14.65%. Consequently, Total Comprehensive Income also decreased to H(239) lakhs from H11,440 lakhs in the previous year. Earnings per Share (EPS) declined to H (0.23) as against H15.08 in the previous year.

3. Dividend

The Board of Directors have not recommended any Dividend considering the company's future growth plans, business development.

4. Fixed Deposits

During the year under review, the Company has not accepted any fixed deposits under the provisions of the Companies Act, 2013.

5. Share Capital

The paid-up Equity Share Capital as on 31 March 2026 stood at H8,868 lakhs, which comprises of 8,86,80,094 Equity Shares of H10 each.

During the year under review, your Company had issued 1,26,75,685 (One Crore Twenty Six lakhs Seventy Five Thousand Six Hundred Eighty-Five) equity shares by way of Preferential allotment on private placement basis (including face value of H10/-) to BREP Asia III India Holding Co VII Pte. Ltd. at a price of H329/- per equity share aggregating to H41,703 lakhs. Subsequently, the paid-up Equity Share Capital stood at H8,868 lakhs, which comprises of 8,86,80,094 Equity Shares of H10 each.

Further, pursuant to the terms of Share Purchase Agreement and Shareholders Agreement dated 13 March 2025 executed by and between the Company, BREP Asia III India Holding Co VII Pte. Ltd., Mr. Rajesh Anirudha Patil, Late Mr. Naresh Anirudha Patil, Mr. Milind Digambar Kolte, Ms. Sunita Rajesh Patil, Ms. Vandana Naresh Patil, Ms. Sunita Milind Kolte, Mr. Yashvardhan Rajesh Patil, Ms. Ankita Rajesh Patil, Mr. Harshavardhan Naresh Patil and Ms. Priyanjali Naresh Patil ("Agreements"), BREP Asia III India Holding Co VII Pte. Ltd. has acquired performance2,27,96,353 (Two Crore Twenty Seven lakh Ninety Six Thousand Three Hundred and Fifty Three) equity shares being 25.7% (twenty five point seven percent) of the paid-up capital of the Company on 11 August 2025.

Accordingly, BREP Asia III India Holding Co VII Pte. Ltd. has acquired joint control along with the existing Promoters over the Company.

The above acquisition of shares by BREP Asia III

India Holding Co VII Pte. Ltd. triggered mandatory open offer under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as may be amended from time to time to acquire more than 26% of the equity share capital of the Company.

6. Issue of Debentures

The Company has issued the Secured, Non-Convertible Debentures as follows: a. On 10 April 2023, 14,000 Secured Unlisted Redeemable Non-Convertible Debentures (NCD) of face value H100,000/- each, on a private placement basis aggregating H140 Crores (Rupees One Hundred and Forty Crores Only) were allotted to India Realty Excellence Fund IV.

The outstanding amount as on 31 March 2026 is H6405.84 lakhs b. On 17 April 2023, 20,650 Senior, Secured, Listed, Rated, Redeemable Non-convertible debentures of face value H1,00,000/- each, on a private placement basis, aggregating H206.50 Crores (Rupees Two Hundred Six Crores and Fifty lakhs Only), were allotted to Marubeni Corporation, Japan. These debentures are listed on BSE Limited w.e.f. 19 April 2023.

The outstanding amount as on 31 March 2026 is H11,322.60/- lakhs. c. On 22 December 2023, 11,090 Senior, Secured, Listed, Rated, Redeemable Non-convertible debentures of face value H1,00,000/- each, on a private placement basis, aggregating H110.90 Crores (Rupees One Hundred and Ten Crores and Ninety lakhs Only), were allotted to Marubeni Corporation, Japan. These debentures are listed on BSE Limited w.e.f. 27 December 2023.

The outstanding amount as on 31 March 2026 is H5,846.43/- lakhs. d. On 20 September 2024, 13,377 Series 3 fully secured, listed, rated. redeemable, non-convertible debentures of face value of H1,00,000/- each, on a private placement basis, aggregating H133.77 Crores (Rupees One Hundred and Thirty-Three Crores and Seventy-Seven lakhs), were allotted to Marubeni Corporation, Japan. These debentures are listed on BSE Limited w.e.f. 24 September 2024.

The outstanding amount as on 31 March 2026 is H7,319.23/- lakhs. e. On 16 October 2025, 13,996 Series 4 fully secured, listed, rated. redeemable, non-convertible debentures of face value of H1,00,000/- each, on a private placement basis, aggregating H139.96 Crores (Rupees One Hundred and Thirty-Nine Crores and Ninety-Six lakhs), were allotted to Marubeni Corporation, Japan. These debentures are listed on BSE Limited w.e.f. 16 October 2025.

The outstanding amount as on 31 March 2026 is H13,549.25/- lakhs. f. On 05 December 2025, 10,994 Series 4 fully secured, listed, rated. redeemable, non-convertible debentures of face value of H1,00,000/- each, on a private placement basis, aggregating H109.94 Crores (Rupees OneHundredandNineCroresandNinety-Four lakhs), were allotted to Marubeni Corporation, Japan. These debentures are listed on BSE Limited w.e.f. 09 December 2025.

The outstanding amount as on 31 March 2026 is H10,667.04/- lakhs.

7. Internal Financial Controls

The Company has adequate internal controls and processes in place with respect to its financial statements which provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements.

These controls and processes are driven through various policies, procedures and certifications.

The Management has periodically conducted the assessment of internal financial controls for determining operative effectiveness and the control were operating effectively. The internal financial controls were also reviewed by an Independent Auditor and found to be adequate and operating effectively for ensuring accuracy and completeness of the accounting records. The report of Independent Auditor on internal financial controls is annexed to the Auditors' Report on Standalone Financial Statements. There are no reportable material weaknesses observed.

8. Details of Subsidiary/Joint Ventures/ Associate Companies

The Statement containing salient features of the financial statement of subsidiaries/associate companies/joint ventures in Form AOC - 1 is annexed as Annexure I to the Directors' report. Kolte-Patil Realtors Estate Private Limited ceased to be a wholly owned subsidiary of the Company, as the Company has entered into Share Purchase Agreement for sale of 100% equity stake.

9. Directors and Key Managerial Personnel

Pursuant to the terms of Share Purchase Agreement and Shareholders Agreement dated 13 March 2025 executed by and between the Company, BREP Asia III India Holding Co VII Pte. Ltd., Mr. Rajesh Anirudha Patil, Late Mr. Naresh Anirudha Patil, Mr. Milind Digambar Kolte, Ms. Sunita Rajesh Patil, Ms. Vandana Naresh Patil, Ms. Sunita Milind Kolte, Mr. Yashvardhan Rajesh Patil, Ms. Ankita Rajesh Patil, Mr. Harshavardhan Naresh Patil and Ms. Priyanjali Naresh Patil ("Agreements"), the following changes in composition of Board of Directors of the Company were took place:

a) Appointment of Mr. Tuhin Parikh (DIN: 00544890) w.e.f. 11 August 2025 as an Additional Director (Non-Executive – Non Independent Director) who was further reappointed as Director (Non-Executive – Non Independent Director) in the 34^th Annual General Meeting held on 22 September 2025.

b) Appointment of Mr. Asheesh Mohta (DIN: 00358583) w.e.f. 11 August 2025 as an Additional Director (Non-Executive – Non Independent Director) who was further reappointed as Director (Non-Executive – Non Independent Director) in the 34^th Annual General Meeting held on 22 September 2025.

c) Appointment of Mr. Mohit Arora (DIN: 08100136) w.e.f. 11 August 2025 as an Additional Director (Non-Executive – Non Independent Director) who was further reappointed as Director (Non-Executive – Non Independent Director) in the 34^th Annual General Meeting held on 22 September 2025.

d) Appointment of Ms. Avani Davda (DIN: 07504739) w.e.f. 11 November 2025 as an Additional Director (Non-Executive – Independent Director) who was further re-appointed as Director (Non-Executive –Independent Director) by way of Postal Ballot dated 29 December 2025.

e) Appointment of Mr. Dalip Sehgal (DIN: 00217255) w.e.f. 25 November 2025 as an Additional Director (Non-Executive – Non Independent Director) who was further reappointed as Director (Non-Executive – Non Independent Director) by way of Postal Ballot dated 29 December 2025.

The Board welcomed the new Directors on the Board of Directors of the Company.

The Board also appointed Mr. Girish Vanvari

(Independent) as a Chairman of the Board of Directors of the Company w.e.f. 11 August 2025.

Cessation of Directors during the years:

Pursuant to the terms of Share Purchase Agreement and Shareholders Agreement dated

13 March 2025 executed by and between the Company, BREP Asia III India Holding Co VII Pte. Ltd., Mr. Rajesh Anirudha Patil, Late Mr. Naresh Anirudha Patil, Mr. Milind Digambar Kolte, Ms. Sunita Rajesh Patil, Ms. Vandana Naresh Patil, Ms. Sunita Milind Kolte, Mr. Yashvardhan Rajesh Patil, Ms. Ankita Rajesh Patil, Mr. Harshavardhan Naresh Patil and Ms. Priyanjali Naresh Patil ("Agreements"), the following directors were resigned w.e.f. 11 August 2025:

a) Resignation of Mr. Milind Kolte, Whole Time Director designated as Executive Director (DIN: 00170760);

b) Resignation of Mr. Yashvardhan Patil, Whole Time Director designated as Joint Managing Director (DIN: 06898270);

c) Resignation of Mr. Nirmal Kolte, Whole Time Director designated as Executive Director (DIN: 05159986);

d) Resignation of Mr. Achyut Watwe, Independent Director (DIN:01179251);

e) Resignation of Mr. Umesh Joshi, Independent Director (DIN: 02557162); f) Resignation of Mr. Dhananjay Barve,

Independent Director (DIN:00066375). During the year under review, Mrs. Sudha Navandar (DIN: 02804964) – Independent Director resigned with effect from 11 November 2025. Further, Mr. Tuhin Parikh (DIN: 00544890) - Non-Executive

– Non Independent Director resigned with effect from 25 November 2025. Further, Mr. Naresh Patil (DIN: 00881077) Vice Chairman of the Company ceased to be a Vice-Chairman and Executive Director due to sad demise on 11 May 2025. The Board of Directors acknowledged his immense contribution for the growth of the Company.

The Board also acknowledges valuable contribution of the above-ceased Directors and the profound impact they have had on the organization's growth and success.

The present composition of the Board of Directors as on 31 March 2026 is as follows:

Pursuant to Section 152 of the Companies Act, 2013 read with Article 167 of the Articles of Association of the Company, Mr. Asheesh Mohta, Non-Executive – Non Independent Director (DIN: 00358583) will retire by rotation and being eligible, offered himself for re-appointment at this ensuing 35^th Annual General Meeting.

The Board of Directors, on the basis of recommendation of Nomination and Remuneration Committee, in their meeting held on 22 May 2026 has considered and recommended the reappointment Mr. Girish Vanvari as Independent Director for 2^nd term of 5 consecutive years commencing from 29 July 2026 till 28 July 2031, subject to approval of shareholders in the ensuing annual general meeting.

The composition of the Board of Directors of the Company continues to be in compliance with the requirements prescribed under the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company has received declarations from all the Independent Directors of the Company confirming that they meet the criteria of Independence as prescribed both under the Companies Act, 2013 and Regulation 16 (1) (b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Independent Directors have complied with the Code for Independent Directors prescribed under Schedule IV to the Companies Act,2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board is of the opinion that the Independent Directors of the Company possess requisite qualifications, experience and expertise, proficiency and they hold highest standards of integrity.

The Company has devised a Policy for performance evaluation of Independent Directors, Board, Committees and other Individual Directors which includes criteria for performance evaluation of the Non-Executive Directors and Executive Directors. The Board has carried out an annual evaluation of its own performance, various committees and Individual directors.

The Board members are provided with necessary documents, reports and policies to enable them to familiarise with the Company's procedures and practices. Periodic presentations are made at the Board and Committee Meetings, on business and performance updates.

The details of such familiarization programmes for Independent Directors are posted on the website of the Company and can be accessed at https:// tinyurl.com/y2u4uszs The Policy for selection of Directors and determining Directors Independence and Remuneration Policy for Directors, Key Managerial Personnel and other employees is annexed as Annexure II to this Report.

Change in Key Managerial Personnel during the years:

During the year under review, Mr. Atul Bohra ceased as GroupChiefExecutiveOfficer with effect from 11 November 2025.

10. Meetings of the Board of Directors

Seven (7) Board Meetings were held during the year and the gap between two meetings did not exceed 120 days. The dates on which the board meeting were held as follows: i. 24 May 2025 ii. 29 July 2025 iii. 11 August 2025 iv. 29 August 2025 v. 11 November 2025 vi. 25 November 2025 vii. 05 February 2026

11. Scheme of Amalgamation and Arrangement

The Hon'ble National Company Law Tribunal,

Mumbai Bench, vide its Order dated 7 October 2025, has approved the Scheme of Amalgamation between Kolte-Patil Developers Limited ("the Company") and Kolte-Patil Integrated Townships Limited, a wholly owned subsidiary of the Company under Sections 230 to 232 of the Companies Act, 2013.

12. Statutory Auditors

The Members of the Company, at the at 32^nd Annual General Meeting held on 19 August 2023 have appointed M/s. S R B C & CO LLP, Chartered Accountants (LLP Registration No. AAB-4318, FRN 324982E/E300003) for a first term of 5 (five) years from the conclusion of this 32^nd AGM upto the conclusion of 37^th AGM of the Company to be held in 2028.

The Auditors' Report for the FY 2025-26 does not contain any qualification, reservation, or adverse remark. The Report is enclosed with the financial statements in this Annual Report.

13. Contracts or arrangements with related parties

During the year under review, all transactions/ arrangements entered by the Company with related parties were in the ordinary course of business and on an arm's length basis. The details of transactions are given in the Note No 47 in Notes to Accounts forming part of the Audited Standalone Financial Statement.

The Policy on materiality of related party transactions and dealing with related party transactions as approved by the Board may be accessed on the Company's website at the link: https://tinyurl.com/5d9r4up6

14. Conservation of energy, technology absorption and foreign exchange earnings and outgo

As the Company is not engaged in the manufacturing activities, the information related to Conservation of energy, technology absorption has not been provided. er and The details of Foreign Exchange outgo are as follows:

H( in lakhs)

15. Particulars of loans, guarantees and investments

The particulars of loans, guarantees and investments are given in Note No 06, 36 and 46 in Notes to accounts forming part of the Audited Standalone Financial Statements.

16. Extract of the annual return

In accordance with Sections 92(3) read with 134(3)

(a) of the Act, the Annual Return of the Company as on 31 March 2026 is available on the website of the Company at: https://tinyurl.com/mtfsh53w

17. Corporate Social Responsibility (CSR)

In compliance with Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules 2014, the Company has established Corporate Social Responsibility (CSR) Committee and Report on CSR Activities forms part of this Report as Annexure III.

18. Audit Committee

The Audit Committee of the Company comprises of following members as on 31 March 2026:

Mr. Vinod Patil, Company Secretary of the

Company, acts as the secretary to the Audit Committee and the Managing Director, Chief

Officer theChiefFinancial Executive the Company are permanent invitees to the Audit Committee Meetings.

During the year under review, the Board has accepted all the recommendations of the Audit Committee.

19. Vigil Mechanism for Directors and Employees

The Vigil Mechanism of the Company, which also incorporates a Whistle Blower Policy in Regulation 22 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, includes an Ethics & Compliance Task Force comprising senior executives of the Company. Protected disclosures can be made by a whistle blower through an e-mail, or dedicated telephone line or a letter to the Task Force or to the Chairperson of the Audit Committee. The Company is committed to adhere to the highest standards of ethical, moral and legal conduct of business operations. To maintain these standards, the Company encourages its employees who have concerns about suspected misconduct whether by the Directors, employees, vendors or customers and to come forward and express these concerns without fear of punishment or unfair treatment. The report received from employees will be reviewed by Audit Committee. The Directors and Management

Personnel are obligated to maintain confidentiality of such reporting and ensure that the whistle blowers are not subjected to any discriminatory practices. No person has been denied access to the Audit Committee.

The said policy can be accessed at https://tinyurl.com/3r2j5za5

20. Nomination and Remuneration Committee

The Nomination and Remuneration Committee of the Company comprises of following members as on 31 March 2026:

21. Managerial Remuneration

The Details required as per Rule 5(1) and (2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are given in Annexure IV to the Directors report.

22. Employee Stock Option Scheme

The Nomination and Remuneration Committee of the Board of Directors of the Company, inter alia, administers and monitors the Kolte-Patil Employees Stock Option Scheme 2021 ("ESOS 2021") of the Company in accordance with the applicable SEBI Guidelines. ation No. The applicable disclosures as stipulated under the SEBI Guidelines as on 31 March 2026 (cumulative position) with regard to the Kolte-Patil Employees Stock Option Scheme 2021 ("ESOS 2021") are provided in Annexure V to this Report.

23. Secretarial Audit Report

Pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") and Section 204 of the Companies Act 2013, the shareholders of the Company in its 34^th Annual General Meeting held on 22 September 2025 had appointed M/s. Mehta & Mehta, Company Secretaries in Practice, having ICSI Unique Identification No.

P1996MH007500 as its Secretarial Auditors to conduct the secretarial audit of the Company for a period of Five consecutive years from the financial year 2025-26 till the financial

The Secretarial Auditor Report for the FY 2025-26 does not contain any adverse remark. The Report of Secretarial Auditor for the Financial Year 2025-26 is annexed to this report as Annexure VI.

24. Reporting of Frauds by the Auditors

During the year under review, neither the Statutory Auditors nor the Secretarial Auditors have reported to the Audit Committee, under Section 143(12) of the Companies Act 2013, any instances of fraud committed against the Company by its officers or employees, the details of which would need to be mentioned in the Board's report or directly to the Central Government under intimation to your Company.

25. Secretarial Standards

The Ministry of Corporate Affairs notified the Secretarial Standard on Meetings of the Board of Directors (SS–1), Secretarial Standard on General Meetings (SS–2).

The Company complies with Secretarial Standards and guidelines issued by the Institute of Company Secretaries of India (ICSI).

26. Corporate Governance Certificate

The Report on Corporate Governance for the Financial Year 2025-26, as stipulated under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is presented in a separate section forming part of the Annual Report.

The Company has obtained the Compliance certificate for the Financial Year 2025-26 from M/s. Mehta & Mehta, Company Secretaries in Practice, having ICSI Unique

P1996MH007500 for the compliance of conditions of corporate governance as stipulated in Regulation 34 (3) real with Part E of Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

27. Business Responsibility and Sustainability Report ("BRSR")

The BRSR for the Financial Year 2025-26 as required under Regulation 34(2)(f) of the Listing

Regulations is presented in a separate section and forms an integral part of this Annual Report.

28. Risk Management Policy

The Company has constituted Risk Management Committee. As on 31 March 2026, the Risk Management Committee comprising 3 members, in which 1 member is Independent Director. 2029-30. Risk Management Committee of the Company comprises of following members as on 31 March 2026: reservation, or

The Risk Management Committee has approved the Risk Management Policy. The Committee monitors the policy, ensures that the Company is acting appropriately to achieve prudent balance between the risk and reward and evaluates significant risk exposures and assesses the management's actions to mitigate the exposures. The Risk Management Committee also reviews the Company's initiatives towards sustainability and performance against various NGRBC Principles.

29. Directors' Responsibility Statement

Your Directors state that:

a) in the preparation of the annual accounts for the year ended 31 March 2026, the applicable accounting standards read with requirements set out under Schedule III to the Act, have been followed and there are no material departures from the same;

b) the Directors have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31 March 2026 and of the loss of the Company for the year ended on that date;

c) the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the 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 laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and

f) 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.

30. Management's Discussion And Analysis Report

Management's Discussion and Analysis Report for the year under review, as stipulated in Regulation 34 (2) (e) of the Listing Regulations, is presented in a separate section forming part of the Annual Report.

31. Disclosure under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013

The Company has adopted a Policy on Prevention and Redressal of Sexual Harassment at workplace. Pursuant to the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, the Company has in place an Internal Complaints Committee for prevention and redressal of complaints of sexual harassment of women at the workplace.

Status of Complaints received during the year under review:

Also, there are no complaints which are pending for a period of more than 90 days.

32. Disclosure of compliance under Maternity Benefits Act, 1961

The Company has duly complied with the provisions of the Maternity Benefits Act, 1961 and due benefits have been provided to the eligible employees of the Company.

33. Dividend Distribution Policy

The Company has framed the Dividend Distribution Policy and the same has been uploaded on the website of the Company at https://tinyurl. com/6rsvs3ee

34. Credit Rating

The Company has obtained credit rating from CRISIL, which is as follows:

a) Bank facilities of H800 Crores: CRISIL AA-/ stable for Long Term and CRISIL A1+ for Short Term

b) Non-Convertible Debentures of H206.5 Crores: CRISIL AA-/stable

c) Non-Convertible Debentures of H113.65 Crores: CRISIL AA-/Stable

d) Non-Convertible Debentures of H134.2 Crores: CRISIL AA-/Stable

e) Non-Convertible Debentures of H250 Crores: CARE AA-/Stable

35. Maintenance of cost records

The Company is required to maintain cost records and have the cost records audited by a cost auditor as specified u/s 148 of the Act.

The Cost records have been prepared and maintained by the Company for FY 2025-26.

36. Other Disclosures

During the year under review:

no significant and material orders were passed by the regulators or courts or tribunals impacting the going concern status of the Company and or it's operations in future; no proceedings are made or pending under the Insolvency and Bankruptcy Code, 2016 and there is no instance of one-time settlement with any Bank or Financial Institution; no shares with differential voting rights and sweat equity shares have been issued; there has been no change in the nature of business of the Company.

There were no material changes and commitments affecting the financial position of the Company which occurred between the end of the financial year to financial statement relates on the

Annual Report.

During the Financial Year, there was no amount proposed to be transferred to Reserves.

38. Acknowledgements

Your Directors take this opportunity to thank customers, investors, vendors, Central and State Governments, business associates and bankers for their consistent support and co-operation to the Company. Your Directors take this opportunity to thank all the employees who have helped for sustained excellence in performance of the Company.

Finally, the Directors would like to convey their gratitude to the members for reposing their confidence and faith in the Company and its management.