Dear Members,

Your Directors are pleased to present the Annual Report together with the audited Balance Sheet and the Statement of Profit and Loss and other financial statements of RSWM Limited ("RSWM"/ "Company") for the year ended 31 st March, 2026.

Company's Performance

Your Company's performance during the financial year 2025-26 is summarized below:

Financial Results (H in Crore)

Number of Meetings of the Board

The particulars of the meetings held during the year along with the details regarding the meetings attended by the Directors form part of the Corporate Governance Report.

The composition of the Board and its committees is in the Corporate Governance Report.

Dividend and other Appropriations

Keeping in view the financial position of the Company during the financial year under review, your Directors do not recommend any dividend on the equity shares of the Company for the year ended the 31 st March, 2026.

No amount is proposed to be transferred to General Reserve. The amount of H801.69 Crore has been carried over to next year.

Your Directors have adopted the Dividend Distribution Policy in line with the Regulation 43A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the same is available on the website of the Company at https://rswm.in/ pdf/policy/Dividend_Distribution_Policy.pdf.

Operational Performance /State of Company's affairs

Your Directors present the operational performance of your Company for the financial year ended 31 st March, 2026. Your Directors inform the members that during the financial year under review, your Company, despite the dificult market conditions, which prevailed throughout the year, continuously reported Profitable operations and performance. The world which was already facing the heat of Ukraine and Russia war faced another big zolt of 50% tariff imposed by the United States of America in August, 2026 which effected the exports of the country severely to US and with Europe already undergoing the recessionary conditions made the business outlook very depressed. However, the government announced huge cut in GST rates which provided boost to the consumption across the country which made operations stable and enabled the country to meet the challenges thrown by the higher tariff. The US tariff were lowered in the last quarter of the financial year under review, however, the outbreak of US and Iran war in the last month of quarter impacted the overall business including the export business of your Company.

However, your Directors are pleased to inform the members that your Company took several measurers to counter the situation and streamline its business during the difficult times. Your Company focused on improving efficiency of its operations and took this opportunity to march its journey to excellence. The inefficient operations of spinning division at Chhata units were closed with usable machinery transferred to other locations of the Company and disposed the inefficient machinery at realizable value. The Company also acquired the state of the art European machinery for expanding its knits business operations at Mordi and Chhata unit. This include the installation of printing facility at Chhata unit to complete and compliment its product range. Your Directors are further pleased to inform that your Company also took this opportunity to avail round the clock renewable power arrangement for 60 MW power from Adani group entities to meet its continuous power requirement at various locations of the Company. This arrangement has ensured that 70% of its energy requirement being met through Green Energy.

Your Directors are also focused on monetising of its stranded assets. In this direction your Directors entered into new agreement for sale of its Thermal Power Plant assets with Malik Heights in place of earlier arrangement with Didwania Trading Company who were not able to lift the above assets.

Your Directors are hopeful that the above measures along with strict loss control would result in better performance in the coming years.

Working results of last three financial years 2023-24 to 2025-26 are given in Annexure – I and form part of this report.

Expansion and Modernization

Your Diretors inform the members that during the year under review, your Company, apart from normal capex for repair and maintenance of the machinery & equipment, approved capital expenditure on knit business expansion including printing facility to the tune of H92 crores and also approved installation of behind the meter 9.6 MW solar power facility at a capital outlay of H25 crores. Your Directors feel pleasure in informing the members that during the year under review, your Company decided to entered into an power supply agreement with Adani Green energy Limited, Adani Energy Solutions and their subsidiaries under group captive scheme and subscribed its various instruments to the extent of H60 crores in these companies to remain eligible under the said scheme. Your Directors feel pleasure in informing the members that the Company started drawing round the clock renewable power from these entities from November 2025, boosting the operations and Profitability of the Company. The ongoing modernization capex initiated in the previous year at outlay of H53.28 crores across various limits of the Company is already progressing as per plan and an amount of H47.03 crore had been incurred during the year under review and balance would be spent in the current financial year.

Your directors in the previous reports informed the members about initiation of capital expenditure of upto H740 crores in the state of Jammu & Kashmir. However your Directors in view of non-viability of the said project dropped the same.

Share Capital

There was no change in the company's authorized subscribed, issued and paid up share capital during financial year 2025-26. As on 31 st March, 2026 the Company's authorized share capital was H1,35,00,00,000 divided into 6,00,00,000/- Equity Shares of H10/- each aggregating to H60,00,00,000/- and 25,00,000/- Optionally Convertible Redeemable Preference Shares of H 150/- each aggregating to H37,50,00,000 and 5,00,00,000 Optionally Convertible Redeemable Preference Shares of H7.50/- each aggregating to H37,50,00,000 each and subscribed, issued and paid up share capital was H47,10,16,840 divided in to 4,71,01,684 Equity Shares of face value H10/- each.

Warrants

The Board of Directors of your Company in their meeting held on 9 th April, 2026, Subject to the approval of shareholders and such other regulatory and governing authorities approved the raising of funds to the tune of H36.06 Crore, by way of issuance of fresh convertible warrants up to 24,70,000 (Twenty Four Lakhs Seventy Thousand Only), on preferential basis, to Promotor/ Promoter Group convertible in to equivalent number of equity shares of face value of H10/- (Rupees Ten Only) each at an Issue Price of H146/- (Rupees One Hundred Forty Six Only), including a premium of H136/- (Rupees One Hundred Thirty Six Only). The

Extra-ordinary General Meeting of the Company for seeking aforesaid approval is scheduled on 8 th May, 2026.

Employee Stock Option Plan

The Board of Directors of your Company in their meeting held on 6 th May, 2026 approved to formulate, adopt and implement the "RSWM Limited Employee Stock Option Plan 2026" for grant Upto 9,70,000 (Nine Lakh Seventy Thousand) Options to the eligible employees of the Company and its subsidiaries under this plan, subject to the approval of shareholders and other regulatory authorities as may be applicable.

Subsidiary Companies, Joint Ventures & Associates

Yours Directors take this opportunity to inform the members that during the year under review, your Company acquired 100% shareholding in LNJ Greenpet Private Limited ("LNJ Greenpet") from M/s Bhilwara Energy Limited at a consideration of H 20.01 crore. Upon acquisition, M/s LNJ Greenpet became wholly owned subsidiary of your Company. M/s LNJ Greenpet is implementing food grain raisin (B2B) project at a project cost of H427 crores at Ratlam, Madhya Pradesh. Your Directors take this opportunity to further inform the members that this recycling project would be a forward integration to the recycled polyster _bre already operational at the Ringas, Rajasthan location, since the year 2013 and expected to boost the overall Profitability of our Company in the coming years.

As on date of this report your company has the following Subsidiaries/Associate

1. BG Wind Power Limited – Wholly owned Subsidiary

2. LNJ Greenpet Private Limited – Wholly owned Subsidiary

3. LNJ Skills & Rozgar Private Limited – Associate

A statement containing the salient features of the financial statements of Subsidiaries and Associate is annexed as Annexure – II in the prescribed format in Form AOC-1.

Contribution to the Exchequer

Your Company has contributed an amount of H342.60 Crores in terms of taxes and duties to the Exchequer.

Corporate Social Responsibility

Your Directors feel pleasure to inform the members that your Company has been on the forefront to fulfill its obligation towards the society at large and accordingly made its contribution in various activities viz. sanitation and safe drinking water, providing food for needy, eradicating poverty and malnutrition, promoting education, skills development, empowering women, ensuring environmental sustainability, ecological balance, protection of national heritage, help to armed forces veterans and promotion of rural sports etc. During the financial year 2025-26, your Company has incurred

0.32 Crore on account of Corporate Social Responsibility ("CSR") activities which includes health care, sanitation & safe drinking water H 0.30 Crore and promoting education, skills development H0.02 Crore. The CSR policy of the company is available on the website of the Company at https://rswm.in/pdf/od/Corporate_ Social_Responsibility_Policy.pdf. This Policy includes inter-alia the guiding principles for selection, implementation and monitoring of CSR activities of the Company.

Your Directors inform the members that the Corporate Social Responsibility Committee comprising of Shri Arun Kumar Churiwal, Shri Rajeev Gupta and Shri Sunil Dharamvir Dhawan monitors the expenditure incurred on the CSR activities and formulate an Annual Budget for these activities. Your Directors also review the progress periodically.

The Annual Report on CSR initiatives undertaken by the Company as per the Companies (Corporate Social Responsibility Policy) Rules, 2014 is annexed as Annexure III forming part of this report.

Energy Conservation, Technology Absorption and Foreign Exchange Earnings and Outgo

Your Directors inform the members that your Company endeavours to look continuously for energy conservation measures in all areas of operation across its various Units. Similarly, your Company endeavours to lookout for upgradation and absorption of technology. Your Company also spends continuously on Research and Development. Your Directors are glad to inform the members that your Company is a net foreign exchange earner. The relevant details as required to be disclosed with respect to Energy Conservation, Technology absorption and Foreign Exchange Earnings and Outgo pursuant to Section 134(3)(m) of the Companies Act, 2013 read with the Rule 8(3) of the Companies (Accounts) Rules, 2014 are given in Annexure – IV forming part of this report.

Annual Return

In terms of Companies Act, 2013 as amended, the Annual Return is available on the website of the Company at the https://rswm. in/investors-relations/disclosure-under-regulation-46/annual-returns

Directors and Key Managerial Personnel

As on 31 st March, 2026, your Company's Board comprised of 11 members, including two Executive Directors, four Non- executive Directors and six Non-executive Independent Directors, one of whom is a Woman Director. Detailed information on the Board and Committee composition, tenure of Directors, areas of expertise, and other relevant details is available in the Corporate Governance Report, which forms part of this Annual Report.

Appointment/Re-appointment/Cessation of Directors during the financial year 2025-26 and upto date of this report are outlined below : a. Shri Riju Jhunjhunwala (DIN: 00061060) re-appointed as Managing Director of the Company for a period of three years w.e.f. 1 st May, 2026. His re-appointment was approved by members of the Company through postal ballot on 26 th March 2026. b. Shri Brij Mohan Sharm (DIN: 08195895) resigned from the Directorship of the Company w.e.f. 19 th March, 2026. The Board expressed its sincere gratitude for all the guidance provided by Shri Brij Mohan Sharma during his association with the Company.

Directors retiring by rotation

In accordance with the provisions of Section 152 of the Companies Act, 2013, read with the applicable rules Shri Ravi Jhunjhunwala and Shri Arun Kumar Churiwal, Directors retire by rotation and being eligible offer themselves for re-appointment. In the opinion of the Board, all the Directors, as well as the Directors re-appointed during the year and proposed to be appointed/re-appointed possess the requisite qualifications, skills, experience and expertise and hold high standards of integrity.

Your Directors further inform the members that declarations have been taken from the Independent Directors at the beginning of the financial year stating that they meet the criteria of independence as specified under sub-section (6) of Section 149 of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as well as declaration that they were not debarred from holding the of the Director pursuant to any order of the SEBI or any such authority.

As on the date of this report, the Company has the following Key Managerial Personnel as per section 2(51) and 203 of the Companies Act, 2013:

Directors' Appointment and Remuneration Policy

Your Directors inform the members that based on the recommendation of Nomination and Remuneration Committee, a Nomination and Remuneration Policy as amended from time to time in view of regulatory changes had been in place for the appointment of Directors and Senior Management and taxation of their remuneration.

The salient features of the Nomination and Remuneration Policy have been outlined below:

1. To formulate the criteria for determining qualifications, positive attributes and independence of a Director and recommend to the Board of Directors a policy relating to the remuneration of the Directors, Key Managerial Personnel and other employees.

2. The Nomination and Remuneration Committee shall evaluate the balance of skills, knowledge and experience on the Board for every appointment of an Independent Director and on the basis of such evaluation, prepare a description of the role and capabilities required of an Independent Director. The person recommended to the Board for appointment as an Independent Director shall have the capabilities identified in such description. For the purpose of identifying suitable candidates, the Committee may: a) use the services of an external agencies, if required; b) consider candidates from a wide range of backgrounds, having due regard to diversity; and c) consider the time commitments of the candidates.

3. Identify persons who are qualified to become Directors and who may be appointed in senior management positions in accordance with the criteria laid down in the policy.

4. Recommend to the Board the appointment and removal of Directors and Senior Management.

5. Formulate criteria for effective evaluation of performance of Independent Directors, Board, its Committees and Individual Directors to be carried out either by the Board, by the Committee itself or by an independent external agency and review its implementation and compliance.

6. To devise a policy on Board diversity.

7. To ensure that the level and composition of remuneration is reasonable and sufficient to attract, retain and motivate Directors of the quality required to run Company successfully. To ensure the relationship of remuneration to performance is clear and meets appropriate performance benchmarks.

8. To develop a Succession Plan for the Board and to review it regularly.

9. To recommend to the Board, all remuneration, in whatever form, payable to senior management.

10. To perform such other functions as may be referred by the Board or be necessary in view of the Listing Regulation, 2015 and the provisions of the Companies Act, 2013 and Rules made thereunder.

11. To recommend whether to extend or continue the term of appointment of the Independent Director, on the basis of the report of performance evaluation of Independent Directors.

12. Such other key issues/matters as may be referred by the Board or as may be necessary in view of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended and provision of the Companies Act, 2013 & Rules thereunder.

The NR Policy is available on the website of the Company at https://rswm.in/pdf/policy/Nomination_and_Remuneration_ Policy.pdf

Board Evaluation

Your Board of Directors, during the financial year under review, carried out annual evaluation of its own performance as well as its Committees and also of the individual Directors in the manner as enumerated in the Nomination and Remuneration Policy in accordance with the provisions of Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Your Directors feel pleasure in informing the members that the performance of the Board as a whole and its members individually was rated satisfactory.

Public Deposit

During the year under review, your Company has not accepted any public deposit under Companies Act, 2013.

Particulars of Loans, Guarantees or Investments

Details of Loans, Guarantees and Investment is given in the Notes to the Financial Statements at appropriate places.

Particulars of Contracts or Arrangements with Related Parties

All contracts/ arrangements/ transactions entered into by the Company during the financial year with its related parties are on arm's length basis and in the ordinary course of business. During the financial year, there were no material contracts or arrangements entered into by the Company with any of its related party. Your Directors draw attention of the members to Note No. 39 to the financial statement, which contain particulars with respect to transactions with its related parties.

The policy on dealing with the related party transactions as amended from time to time in view of regulatory changes and as approved by the Board of Directors is disclosed on the website of the Company at https://rswm.in/pdf/policy/ Related_Party_Transaction_Policy.pdf

Significant and Material Orders Passed by the Regulators or Courts

During the year under review, no significant and material orders were passed by the Regulators or Courts.

Risk Management

The Board has constituted the Risk Management Committee. Details regarding the composition of the Committee and the number of meetings held are provided in the Corporate Governance Report, which forms part of the Annual Report.

Your Directors inform the members that as part of its Risk Management framework a detailed Risk Management Policy had been framed in line with SEBI Listing Regulations stipulations along with the framework for identification of internal and external risks faced by the Company as well as measures for risk mitigation including systems and processes for internal control of identified risks. Your Directors inform the members that they periodically review the risks associated with the business which can threaten the prospects of the Company along with the measures for mitigation of such risks.

Your Directors further inform that the Risk Management Committee met periodically to monitor, review and evaluate the identified risks as per Risk Management Policy and exercise measures to mitigate the same, if needed.

Internal Control Systems

The Company has established robust internal financial controls, aligned with the scale, size and nature of its business operations. These controls are supported by comprehensive policies and procedures designed to ensure the orderly and effective management of the Company's affairs. This includes adherence to corporate policies, asset protection, fraud and error prevention and detection, accuracy and completeness of the accounting records and the timely preparation of reliable financial disclosures.

As reported in earlier reports, your Directors place the utmost importance on continuous strengthening of internal control systems and inform the members that in pursuit of strengthening internal control systems, your Company has put in place a system whereby all areas of the operations of the Company are reviewed by the internal as well as external professionals and independent audit firms. Your Company continuously take adequate measures with respect to any gaps which are reported. The Audit Committee of your Company regularly monitors the annual operating plans, risk assessment and minimization procedures as well as mitigation plans and discuss reports by the independent audit firms on internal audit findings along with action taken reports on the matters discussed in earlier meetings.

Your Directors endeavor to continuously improve and monitor the internal control systems.

Particulars of Employees

The Board's Report includes the requisite disclosures pursuant to Section 197(12) of the Act, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, which are annexed as Annexure V to this report.

The Annual Report is being sent to the Shareholders of the Company excluding information required under Section 197(12) read with Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Any Shareholder interested in obtaining a copy of such statement may write to the Company Secretary of the Company at rswm.investor@lnjbhilwara.com.

Auditors

Statutory Auditors

Your Directors inform the members that M/s. Lodha & Co. LLP, Chartered Accountants (Firm Registration No. 301051E/ E300284), were re-appointed as Statutory Auditors of the Company at the 61 st Annual General Meeting held on 6 th September, 2022, for a second term of five consecutive years, in accordance with the provisions of Section 139 of the Companies Act, 2013, and shall hold office till the conclusion of the 66 th Annual General Meeting of the Company. They have also confirmed that they are not disqualified from continuing as Statutory Auditors of the Company.

Further, their report does not contain any qualification, reservation or adverse remark. The accompanying notes to the financial statement are self-explanatory and do not require further clarification.

Furthermore, the Statutory Auditors of the Company have not reported any instances of fraud under Section 143(12) of the Act.

Internal Auditors

Your Directors, during the year under review, appointed M/s. BGJC & Associates LLP, Chartered Accountants (Firm Registration No. 003304N/N500056) and M/s. V Sankar Aiyar & Co., Chartered Accountants (Firm Registration No.109208W) to act as the Internal Auditors of the Company for the financial year 2025-26 pursuant to section 138 of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014.

Pursuant to the provisions of Section 138 of the Companies Act, 2013 and based on the recommendation of Audit Committee, the Board has approved the appointment of M/s BGJC & Associates, Chartered Accounts (Firm Registration No. 00304N/N500056) and M/s V Sankar Aiyar & Co., Chartered Accountants (Firm Registration No. 109208W) as the Internal Auditors of the Company for the financial year 2026 - 27.

Secretarial Auditor

Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and

Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Shareholder in their 64 th Annual General Meeting have approved the appointment of M/s. Mahesh Gupta & Co., Company Secretaries for a term of five consecutive financial years commencing from the financial year 2025-26 till the financial year 2029-30 to undertake the Secretarial Audit of the Company. The Secretarial Audit Report for FY 2025-26 is annexed herewith as Annexure-VI .

No fraud has been reported by the Secretarial Auditors under Section 143 (12) of the Companies Act, 2013 and the rules made thereunder.

Cost Auditor

Your Directors inform the Members that during the year under review pursuant to Section 148 (1) of the Companies Act, 2013 read with The Companies (Cost Records and Audit) Rules, 2014, the Company has duly made and maintained the accounts and cost records. In this connection, the Board of Directors of the Company on the commendation of Audit Committee had approved the appointment of M/s. N. D. Birla & Co., Cost Accountants, (Firm Registration No.000028), Ahmedabad as the Cost Auditor of the Company for the year financial year 2025-26.

Your Directors further inform the Members that upon commendation of Audit Committee the Board has re-appointed M/s. N. D. Birla & Co., Cost Accountants, (Firm Registration No.000028), as Cost Auditors of the Company for conducting cost audit for financial year 2026-27. A resolution seeking approval of the Shareholders for ratifying the remuneration payable to the Cost Auditors for financial year 2026-27 is provided in the Notice of the ensuing Annual General Meeting.

Corporate Governance

Your Company is committed to maintain the highest standards of Corporate Governance and adhere to the Corporate Governance requirements set out by Securities and Exchange Board of India. The Corporate Governance Report, as mandated under the SEBI Listing Regulations, forms an integral part of this Annual Report. Additionally, a certificate issued by M/s. Lodha & Co. LLP, Chartered Accountants (Firm Registration No.301051E/E300284), 12, Bhagat Singh Marg, New Delhi – 110001 confirming compliance with corporate governance norms in accordance with the Listing Regulations, is annexed to the Corporate Governance Report.

Whistle Blower Policy/Vigil Mechanism

Your Directors inform the members that with the objective of pursuing the business in a fair and transparent manner by adopting the highest standards of professionalism, honesty, integrity and ethical behavior and to encourage and protect the employees who wish to raise and report their genuine concerns about any unethical behavior, actual or suspected fraud or violation of Company's Code of Conduct, the Company has adopted a Whistle Blower Policy. Policy adopted by the Company contains a framework whereby the identity of the complainant is not disclosed. The policy has been disclosed on the website of the Company, the link of which is given hereunder: https://rswm. in/pdf/policy/Whistle_Blower_Policy.pdf

Management Discussion and Analysis Report

In accordance with Regulation 34 of the Listing Regulations, the Management Discussion and Analysis Report for FY 2025-26, has been presented in a distinct section, forming an integral part of this Annual Report.

Business Responsibility and Sustainability Report (BRSR)

In accordance with Regulation 34 of the Listing Regulations, the Business Responsibility & Sustainability Report for FY 2025-26, has been presented in a distinct section, forming an integral part of this Annual Report.

Investor Education and Protection Fund (IEPF)

During the financial year 2025-26, as required under Section 124 of the Companies Act, 2013, unclaimed dividend amount on equity shares of the Company amounting to H3,78,356.00 presently of 1,640 shareholders of the Company for the financial year 2017-18 transferred to the Investor Education and Protection Fund (IEPF) on 7 th November, 2025.

General a) During the year under review, there was no change in the nature of business of the Company.

b) The Company being a Textile Company falls under the prescribed class of Companies and maintain Cost Accounts and Records which are subject to audit conducted by the Cost Auditor.

c) In line with the provisions of Sexual Harassment of Women at the Workplace (Prevention, Prohibition and Redressal) Act, 2013, the Company has in place a Policy framed at Group level and also set up an Internal Complaints Committee (ICC) to deal with any such reported matter. During the year the ICC did not report receipt of any complaint with regard to sexual harassment.

d) The Company is in compliance of all applicable Secretarial Standards issued by The Institute of Company Secretaries of India from time to time.

e) Your Directors confirm that no disclosure or reporting is required in respect of the following items as there was no transaction on these items during the year under review:

? Issue of equity shares with differential voting rights as to dividend, voting or otherwise.

? No significant or material orders were passed by the Regulators or Courts or Tribunals which impact the going concern status and Company's operations in future

? Issue of Sweat Equity Shares

? No application made or any proceeding pending under Insolvency and Bankruptcy Code, 2016 as at the end of the Financial Year 2025-26.

? No instance of one-time settlement with any bank or financial institution.

f) No material changes and commitments have occurred after the closure of the Financial Year 2025-26 till the date of this Report, which would affect the financial position of your Company

Directors' Responsibility Statement

Pursuant to Section 134(3) (c) of the Companies Act, 2013, the Directors state 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 Profit and 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 this Act 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.

Acknowledgements

Your Directors express their sincere thanks to its Customers, Members, Suppliers, Bankers, Business Partners/Associates, Central and State Governments for their consistent support and co-operation extended to the Company. Your Directors also acknowledge the significant contribution made by the employees by their sincere and dedicated efforts, hard work and trust reposed on us. We look forward to have the same support in our endeavor to help the Company to grow faster.

WORKING RESULTS

Form: AOC-I

Statement containing salient features of the financial statement of subsidiaries/associate companies/joint ventures (Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts) Rules, 2014)

Part – A: Subsidiaries

Note: No subsidiary has been liquidated or sold during the financial year.

Part - B : Associates

1 Names of Associates or Joint Ventures which are yet to commence operations. – N.A

2 Names of Associates or Joint ventures which have been liquidated or sold during the year- N.A