The Board of Directors are pleased to present the annual report consisting of highlights on the business and operations of the Company, along with the audited financial statements, for the Financial

Year ended March 31, 2026.

FINANCIAL YEAR

The Board of Directors of the Company, on January 23, 2025, had approved the change in Financial Year of the Company from "July 1 June 30" period to "April 1 March 31" period. The Financial Year of the Company for period under review, viz., 2025-26, commenced on April 1, 2025, and ended on March 31, 2026.

FINANCIAL RESULTS

The Company's financial performance for the Financial Year ended March 31, 2026 as summarized below:

(Figures in ' Crores)

(Figures in ' Crores)

*Previous Financial Year 2024-25 was a 9-month period from July 1, 2024, to March 31, 2025, and hence not comparable with current Financial Year 2025-26 (being 12-month Financial Year from April 1, 2025, to March 31, 2026).

DIVIDEND

During the Financial Year, the Board of Directors of the Company, at its meeting held on January 29, 2026, declared an interim dividend of ' 180 per equity share (including one-time special dividend of ' 60 per Equity Share), which was distributed to the shareholders on February 25, 2026.

The Board of Directors of the Company, at its meeting held on May 27, 2026, have recommended a final dividend of ' 60 per equity share, for the Financial Year ended March 31, 2026. This final dividend is subject to approval of the Members at the ensuing 42 nd Annual General Meeting of the Company. The aggregate dividend for the Financial Year ended March 31, 2026 (including the afore-mentioned interim and final dividend), amounts to ' 240 per equity share.

MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS PERFORMANCE AND STRATEGY

For the Financial Year ended March 31, 2026, the Company reported sales of ' 3,100 Crores, driven by a robust portfolio, superior execution and a consistent pipeline of innovation to better serve consumer Profitafter tax for the fiscal was ' 654 Crores, driven by strong topline growth as well as deliberate productivity interventions to fuel superiority across the portfolio.

The Company continued to deliver a strong performance, across top-line and bottom-line during the Financial Year.

The Company continues to remain focused on long term value creation and to better serve consumers, customers, employees, society, and shareholders, through its integrated growth strategy, which consists of five strategic and integrated choices:

A focused product portfolio where performance drives brand choice

- Irresistible superiority across product, package, brand communication, retail execution and value, to delight consumers

- Productivity improvement in all areas of our operations

- Leading constructive disruption of our industry across all areas of the value chain

An empowered, agile and accountable organization, enabling us to better serve consumers.

These strategic choices reinforce and build on each other. When these strategic choices are implemented effectively, they grow markets while creating business, which in turn, grows Company ' s share, sales, household penetration and profit. Importantly, this strategy is inherently dynamic, adapting to the changing needs of stakeholders. This strategy is yielding consistent results for the Company, and therefore remains the right way forward as the Company steps into the new fiscal year.

GROOMING SEGMENT PERFOMANCE

Throughout the fiscal year, the Company consistently delighted Indian consumers and fuelled category growth through a robust product portfolio, effective consumer communication, and a steady stream of innovation in the Grooming category. Company's diverse range of offerings addresses various consumer needs, from traditional shaving, hassle-free solutions, to advanced styling and grooming tools for comfortable shaving experience; and to the female grooming needs, ensuring we meet the unique requirements of every consumer.

The Company continues to offer a holistic grooming portfolio serving different consumer needs with its products - including Gillette Guard, the newly launched Guard 3-in-1, Gillette Mach3, Gillette Fusion, Gillette Labs, Gillette Venus and shaving foams & creams. This portfolio helped the Company serve different consumer preferences while strengthening trust built over decades.

During the Financial Year, the Company's Grooming business delivered strong growth and continued to grow market share, driven by a consumer-focused strategy of product superiority, engaging consumers across touch points, and market-leading innovation.

The Company continued to expand the reach of Gillette Guard during the year. The product offers a superior, cut-free shaving experience. Through focused communication and strong market execution, the Company drove user growth and increased adoption, with millions of consumers choosing Guard for their shaving needs.

To meet a rising consumer need, the Company launched Gillette Guard 3-in-1. With its unique 3 platinum-coated blades for a closer shave in fewer strokes, a flexi-head with 40 degree pivot for smooth glide, superior rubber grip handle and an aqua gel lubrastrip for enhanced comfort, Gillette Guard 3-in-1 delivers on its key promise - "Ek Stroke Mein Smooth Shave. Bina Kate, Bina Jale" (Smooth shave in one stroke, without nicks and cuts).

To address evolving consumer expectations, the Company also strengthened the Mach3 range. With three anti-friction blades and facial adaptive design, Mach3 delivers a smooth and comfortable shaving experience. These improvements helped enhance consumer satisfaction.

The Company also continued to evolve its communication strategy to better connect with consumers. This included regionally relevant messaging, digital-first campaigns, and partnerships with voices that resonate strongly with audiences

These efforts helped the brands engage consumers more effectively. grooming portfolio, Gillette Venus. Through various consumer insights, the Company identifiedthat there still exist myths, hesitations and perceived barriers when it comes to female shaving as the primary way of hair removal. Hence, to break these myths, the Company used relatable digital and social media communication to educate consumers about the smooth and hassle-free shaving experience offered by Venus, while growing awareness and encouraging trial through trusted and familiar voices.

Company's Venus portfolio is quite robust, from the entry-level range of Simply Venus to one of the bestsellers Venus Comfort Glide with built-in difficu lt for them to soap bars. Venus also offers products that caters to unique needs even within the segment, like Venus Snap the on-the-go travel friendly razor; Venus Bikini sensitive for intimate-area hair removal and Venus Swirl with a pivoting, rounded head that hugs body curves and fits easily into hard-to-shave areas.

As a result of these initiatives across the grooming portfolio, the Company continues to be the market leader in the Blades and Razors category during the Financial Year.

ORAL CARE SEGMENT PERFORMANCE

Company ' s Oral Care portfolio serves a diverse range of consumers and their unique needs, with an assortment of products with its Power Oral Care line up as well as the Manual Oral Care range. Under each line up, the Company caters a variety of targeted benefits to offer a robust assortment to consumers.

During the year, Company ' s Oral Care portfolio delivered a robust performance, achieving strong growth in both top and bottom lines, reflecting balanced expansion across all segments. This growth underscores our commitment to enhancing consumer oral health through a diverse range of products.

A key driver of this success was our strategic focus on expanding the penetration of electric toothbrushes.

The growing adoption of our electric toothbrushes confidently demonstrates that consumers are increasingly prioritizing and investing in superior oral care solutions that offer tangible value. Recognizing the long-term benefits of early adoption, we successfully launched kids' battery toothbrushes featuring popular characters like Iron Man and Princess Moana. This initiative effectively introduced new users to the electric oral care category, laying a foundation for sustained engagement. In the manual oral care segment, the Company democratized access to specialized solutions with biggest ever launch in the sensitive toothbrush category. By introducing new line up of Sensitive Care toothbrushes, with softer bristles, the Company significantly broadened the availability of sensitive toothbrushes, for people with sensitive gums, regular brushing also leads to pain and bleeding, making it basic Oral hygiene. The Company heard its consumers ' need for a toothbrush which can be gentle on the gums and not only launched the Sensitive Care range, but also worked towards making it widely available across channels and segments.

These innovations, coupled with dynamic go-to-market activations across e-commerce platforms and general trade, along with compelling communication strategies, ensured we effectively connected with consumers and met their evolving needs, contributing to our overall strong performance.

ECONOMIC OUTLOOK, RISKS & OPPORTUNITES

The International Monetary Fund's (IMF) July 2026 World Economic Outlook projects global growth at 3% in 2026. Growth is expected to be 3.4% in 2027. This represents a V-shaped recovery pattern with a minor slowdown this year, balancing geo-political conflict shocks against artificial intelligence tech booms. The IMF also projects that global headline inflation is expected to rise to 4.7% in 2026 up from 4.1% in 2025, before declining to 3.9% in 2027.

India is expected to remain the world's fastest growing major economy, with growth projected at 6.4% in 2026-27, driven by strong domestic demand. While the Indian economy continues to grow stronger amidst global peers, one must, however, keep an eye on the evolving global trade policies and commodity prices which will impact inflation produced.

Within the Indian Fast-Moving Consumer Goods (FMCG) industry, trends continue to evolve. While non-food Inflation continues to stay below RBI's medium-term target of 4%, consumer consumption trends are still shifting. While rural consumption continues to be higher than the urban consumption, we are seeing a softening trend driven by uptick in the inflation rates. Based on reports and economic analysis as of early 2026, the FMCG sector is expected to experience a stabilization phase, entering a period of renewed optimism, with projections focusing on volume-led growth rather than price-driven expansion. Consumption trends remain supportive.

Urban demand continues to anchor growth, aided by premiumisation across categories.

In this environment, the Company continues to hold a cautiously optimistic outlook for the future and is well positioned to sustain and improve its performance with its integrated growth strategy and serve the consumers with superior products.

Sources: IMF's World Economic Outlook report, July 2026;

FINANCIAL RATIOS & INDICATORS

The Company's financial performance for the Financial Year ended March 31, 2026, as compared to the previous year ended March 31, 2025, is summarized below:

# The numbers are not comparable as current year is a twelve month period vs. nine month period in the previous year. *The Company did not have any borrowings during the andcostofgoods Financial Year, hence interest coverage ratio and debt equity ratio are not applicable.

RISK MANAGEMENT

The Company has set up a Risk Management Committee and has also adopted a risk management policy. Adequate measures have been adopted by the Company to anticipate, plan and mitigate the spectrum of risks it faces. The Company ' s risk management process focuses on ensuring that these risks are identifiedand addressed on a timely basis. The risks are identified across functions, and the Company also strives to link each risk with a mitigation step to ensure business continuity. The risk report is reviewed at regular intervals, to ensure that risks are planned for mitigation, for the fact that not all risks can be eliminated.

As part of the business sustainability and governance process, to ensure a robust risk management system, in line with the applicable laws, the Company follows a proactive risk management policy, aimed at protecting its employees, assets and the environment, while at the same time ensuring growth and continuity of its business. The Company also has adequate insurance coverage to protect the value of its assets. The Company has a very stringent system for assessment of distributors and vendors before selection.

REGULATORY AND COMPLIANCE

The Company operates within the letter and spirit of all applicable laws. General compliance with legal requirements is an important component of the Company ' s Worldwide Business Conduct Manual and the same expects the following from its employees.

The Company has set in placethe requisite mechanism for meeting the compliance requirements, periodic monitoring of compliance to avoid any deviations, and regular updates to keep pace with the regulatory changes.

A number of training programs are conducted periodically for employees with respect to various compliance related topics such as Global Anti- Corruption Standards, Prevention of Sexual Harassment at Workplace, Whistle-blower Mechanism, Conflict of Interest, Data Privacy, Data Integrity, Anti-Trust compliance etc.

SECURITY

The Company has implemented comprehensive security programs supported by latest technology and trained manpower to protect employees and assets, at its office and plants. During the Financial Year under review, no major security breaches or incidents occurred at your Company's plant. A comprehensive security risk assessment is carried out regularly and adequate security measures are implemented to cater to changing security scenario. The Company has installed the best of the security measures and processes to protect its personnel by a consistent process and assets.

INTERNAL CONTROLS & THEIR ADEQUACY

The Company continues to prioritize sustainable control processes that are an integral part of organization culture. It has built strong Internal Controls Environment and Risk Assessment and Management systems. These systems enable the Company to comply with Internal Company policies, procedures, standard guidelines, and local laws to help protect Company's assets and confidential information including personal identifiable information against financial losses and unauthorized use. The robust controls environment at the Company is efficiently managed and monitored through below measures:

- Controls Self-Assessments

CSAs are performed during the year across business processes. The purpose of this thorough exercise is to review and evaluate process compliances against standard control objective, activities, and attributes. This enables the Company to proactively identify control weaknesses and initiate actions to sustainably mitigate them. Along with CSAs, the Company also has a process of continuous monitoring controls in manufacturing processes via an internally developed toolkit that tracks control activities and assesses effectiveness of controls with the process owners by selecting auto samples for packing, planning, warehousing, etc. Samples are auto picked up every quarter for the respective areas in the toolkit and tested. Defects, if any, are reviewed by the management. This ensures ongoing monitoring of controls for operational areas.

- Governance and Global Internal Audit (GIA)

There are internal control experts in the organization guiding business teams on day-to- day compliance requirements. They also ensure that all key processes, i.e. selling, distribution, trade & marketing expenses, vendor payments, etc. are reviewed and assessed at appropriate intervals via CSAs, standard operating procedures and process reviews or audits as applicable.

As part of their ongoing monitoring process, if there are issues identified, those are reported to senior management for implementing action plans to strengthen control environment in these processes. The assessments of high-risk and SOX compliance areas are done by Company ' s Global Internal Audit (GIA) team. GIA comprises experience of certified across different markets and have independent centers of excellence. Issues raised by internal audit teams are tagged to business owners and issue remediation is then reviewed and reported appropriately to the senior leadership.

- Governance Board

The Governance Board is led by the Managing Director and comprises of Chief Financial Office Officer, Chief Human Resource Chain Leader, Purchasing & Sustainability Leader, and General Counsel. The Governance Board assesses, and reviews enterprise level risks and works with process owners and functional managers to ensure that corrective action is taken, and risk is mitigated as appropriate.

BUSINESS RESPONSIBILITY, ENVIRONMENTAL SUSTAINABILITY AND CONSERVATION OF ENERGY

The Company believes that its efforts in environmental sustainability are important to create superior propositions for consumers, customers, and shareholders, while improving its environmental impact. The Company continuously seeks to reduce the footprint of its operations and to enable consumers to reduce their footprint, when they use Company ' s products.

The Company contributes to the P&G group's ambition to reduce Green House Gas (GHG) emissions across its operations. The Company will continue to strive in its efforts towards this ambition.

The Company aims to reduce plastic packaging waste and to design the product packaging to be recyclable or reusable; and to reduce the use of virgin petroleum plastic resin in consumer packaging. The Company continues to be compliant with the Extended Producer Responsibility guidelines on plastic packaging waste collection.

The Company also aims to play its part in protecting the water resources and addressing the key challenges impacting its operations and the local communities where it operates in.

A separate report on Business Responsibility & Sustainability has been appended as Annexure I to this Report.

CORPORATE SOCIAL RESPONSIBILITY

The Company's flagship Corporate Social Responsibility program - P&G Shiksha is a holistic program that focuses on improving learning outcomes for children from underserved communities across the country.

P&G Shiksha has streamlined its efforts to focus on improving learning outcomes, enabling every child to learn with conceptual understanding and realize their aspirations. P&G Shiksha uniquely remains single-mindedly focused on education, creating a deep and lasting impact.

The Company has constituted a Corporate Social Responsibility Committee. The composition and terms of reference of the Corporate Social Responsibility Committee are provided in the Corporate Governance Report annexed to this Annual Report.

Report on Corporate Social Responsibility activities as required under the Companies (Corporate Social Responsibility Policy) Rules, 2014 has been appended as Annexure II to this Report.

TECHNOLOGY ABSORPTION AND RESEARCH & DEVELOPMENT

The Company has the advantage of availing advanced technology and continuous upgradation thereof from The Procter & Gamble Company, USA and its subsidiaries. This is an unmatched competitive advantage that helps the Company deliver strong business results.

As the Company avails benefits of research and development of The Procter & Gamble Company, USA and its subsidiaries across the globe, the Company has not incurred any expenditure on research and development during the Financial Year. Technology absorption and adaptation is a continuous process. The products manufactured and sold by the Company are a result of such imported technology received on an ongoing basis. Initiatives are constantly undertaken for innovation of products, new product development, improvement of packaging, enhancement of product quality and application of best information technology to automate, simplify and generate efficiencies various business processes.

The Company having ongoing access to cutting- edge technology, derives benefits such as product development, consistent superior product quality, process efficiencies, cost effectiveness and energy efficiency.

FOREIGN EXCHANGE EARNINGS & OUTGO

The details of foreign exchange earnings and outgo as required under Section 134 of the Companies Act, 2013 and Rule 8(3) of the Companies (Accounts) Rules, 2014 are mentioned below:

(Figures in ' Crores)

RELATED PARTY TRANSACTIONS

The Company has formulated a policy on related party transactions which is also available on Company ' s website at https://in.pg.com/india-governance- and-policies/gil/terms-and-policies/. This policy deals with the review and approval of related party transactions in accordance with the Companies Act, 2013 and SEBI (LODR) Regulations. All related party transactions are placed before the Audit Committee for review and approval. Prior omnibus approval is obtained for related party transactions which are of repetitive nature and entered in the ordinary course of business and at arm's length. All related party transactions are subjected to independent review by Chartered Accountant firm to confirm compliance with the requirements under the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and takes into account the OECD guidelines.

All related party transactions entered during the Financial Year were in ordinary course of the business and on arm's length basis. Accordingly, the disclosure

The above transaction was approved by the Shareholders by passing an Ordinary Resolution through Postal Ballot on January 8, 2018. Being related parties, the Promoter shareholders had abstained from voting on the said resolution.

LOANS AND GUARANTEES GIVEN AND INVESTMENTS MADE

The Company has not given any loans, guarantees or made any investments during the Financial Year.

PUBLIC DEPOSITS

The Company has not accepted any Public Deposits under Chapter V of the Companies Act, 2013, during the Financial Year.

PREVENTION OF SEXUAL HARASSMENT AT WORKPLACE

As per the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 ("the Prevention of Sexual Harassment Act"), the Company has formulated a Policy on Prevention of Sexual Harassment at Workplace for prevention, prohibition and redressal of sexual harassment at workplace and has duly constituted Internal Complaints Committees for redressal of any such complaints received. The Company is committed to providing a safe work environment. During the Financial Year, two complaints with allegation of sexual harassment were filedwith the Company, which were resolved during the year. No Complaints were pending for morethan90daysfromdateoffiling

DIRECTORS ' RESPONSIBILITY STATEMENT

Pursuant to the requirement under Sections 134(3) of related party transactions as required under Section 134(3)(h) of the Companies Act, 2013 in Form AOC-2 is not applicable to the Company.

Details of material related party transaction entered into during the Financial Year 2025-26 are given below:

(c) of the Companies Act, 2013, with respect to the Directors ' Responsibilities Statement, it is hereby confirmed: i. that in the preparation of the Annual Accounts for the Financial Year ended March 31, 2026, the applicable accounting standards had been followed along with proper explanation relating to material departures. ii. that the Directors had selected such accounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the Financial Year and of the profit of the Company for the Financial Year under review iii. that the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities iv. that the Directors had prepared the accounts for the Financial Year ended March 31, 2026, on a "going concern" basis v. that the Directors had laid down internal financial controls to be followed by the Company and such internalfinancial controls are adequate and were operating effectively vi. that the Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

CORPORATE GOVERNANCE

A separate report on Corporate Governance along with the Auditors' Certificate on its compliance is annexed to this Report.

ANNUAL RETURN

The Annual Return for the Financial Year 2025-26, as required under Section 92(3) of the Companies Act, 2013 and Rule 12 of the Companies (Management and Administration) Rules, 2014 is available on the website of the Company at https://in.pg.com/india-investors/ gil/reports-announcements/announcements/.

HUMAN RESOURCES

Our company continues to focus on creating an appealing employer brand, attracting talent that aligns with our company's values, and nurturing that talent for future success. We have developed comprehensive human resource strategies, keeping employees at the center of everything we do, and to ensure that our organization is well-prepared to meet future challenges.

India remains a critical talent source for us, and we have adapted our campus initiatives to proactively address the ever-evolving talent cohorts. We have launched innovative campus programs and revamped existing ones to continue to attract the best talent. Our internships, onboarding, and learning & development programs continue to receive recognition in various campus surveys. We are committed to nurturing our talent and fostering diverse leaders who will thrive in our ecosystem.

To foster a winning culture, it is crucial to engage and empower employees right from their comprehensive corporate onboarding program, known as GETiN.

By instilling a growth mindset within our company DNA, we encourage a love for learning and resilience, which are vital for achieving both organizational and personal goals.

Through our Equality & Inclusion chassis and our holistic wellbeing program Be at My Best, we encourage our employees to bring their authentic selves to work. We strongly believe in co-creating careers with our employees, allowing them to collaborate with the business and achieve fulfilling careers with us. Our performance management system evaluates employees based on their impact and growth, not solely on their business results.

P&G India has been consistently recognized as an employer of choice. For the ninth consecutive year, AVTAR has acknowledged us as one of the top 100 companies for women in India. We have also received accolades such as the Buddies of Wellness by People Matters (2025), and Silver Employer for progress on LGBTQ+ inclusion at the Workplace by the India Workplace Equality Index (2025), among others

The number of employees as on March 31, 2026 was 480.

The Company is compliant with the Maternity Benefit Act, 1961.

The statement of Disclosure of Remuneration under Section 197 of the Companies Act, 2013 and Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is appended as Annexure III to this Report.

As per the provisions of first proviso to Section 136 (1) of the Companies Act, 2013, this Report and Financial Statements are being sent to the Members of the Company excluding the statement of particulars of employees under Rule 5 (2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Any Member interested in obtaining a copy of the said statement may write to the Company Secretary at investorgil.im@pg.com.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

Mr. Srinivas Maruthi Patnam, Executive Director ceased to be Director on the Board effective October 30, 2025. The Board of Directors of the Company express their deepest gratitude to him for his contributions to the Board during his tenure as Director on the Board of the Company.

Ms. Rohini Venkateswaran was appointed as a Whole-time Director on the Board effective October 31, 2025. Further, the Shareholders of the Company approved such appointment through Postal Ballot on January 10, 2026.

Mr. C. P. Gurnani ceased to be Non-Executive Independent Director on the Board with effect from January 6, 2026. The Board of Directors of the Company express their deepest gratitude to him for his contributions to the Board during his tenure as Director on the Board of the Company.

Ms. Srividya Srinivasan ceased office to hold Executive Director and Chief Financial Company with effect from June 30, 2026. The Board approved appointment of Mr. Ashwath Rao as the Chief Financial Officer of the Company with effect from July 1, 2026.

Mr. Ghanashyam Hegde was appointed as a Non-Executive Director of the Company with effect from July 1, 2026.

Mr. Krishnamurthy Iyer was appointed as a Non- Executive Independent Director of the Company for a term of five consecutive years with effect from June 1, 2026.

Further, Ms. Rohini Venkateswaran has ceased to be Whole-time Director of the Company effective July 31, 2026.

Mr. Robin Thadathil was appointed as a Whole-time Director of the Company for a term of five years with effect from August 1, 2026.

Mr. Pramod Agarwal, Non-Executive Director, retiring by rotation and being eligible, offers himself for re-appointment. Appropriate resolution for said re-appointment is being proposed at the ensuing 42 nd Annual General Meeting of the Company. All Independent Directors of the Company have provided declarations to the Company stating that they meet the criteria of independence as mentioned under Section 149 (6) of the Companies Act, 2013 ("the Act") and the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 ["SEBI (LODR) Regulations"].

The Board is of the opinion that all the Independent Directors of the Company possess integrity, have relevant expertise and experience andfulfil the conditions specified under the Act and the SEBI (LODR) Regulations. The details of the familiarization programmes and annual board evaluation process for Directors have been provided under the Corporate Governance section of the Report.

NUMBER OF MEETINGS OF BOARD OF DIRECTORS

Four (4) meetings of the Board of Directors of the Company were held during the Financial Year. For further details on meetings of the Board of Directors and its Committees, please refer to the Corporate Governance section of this Report.

POLICIES

The Company has adopted various policies including policies on related party transactions, corporate social responsibility, vigil mechanism, nomination and remuneration, materiality of events and dividend distribution which are available on the website of the Company at https://in.pg.com/india-governance- and-policies/gil/terms-and-policies/.

AUDITORS

INTERNAL AUDITOR

During the Financial Year, the Board of Directors had appointed Ms. Pooja Bhutra, Chartered Accountant as the Internal Auditor of the Company for the Financial Year 2025-26.

STATUTORY AUDITORS

At the Annual General Meeting held on November 18, 2022, Kalyaniwalla & Mistry LLP, Chartered Accountants, were appointed as Statutory Auditors of the Company for a second term of five years, i.e., from the conclusion of the 38 th Annual General Meeting until the conclusion of the 43 rd Annual General Meeting.

The Report issued by Kalyaniwalla & Mistry LLP, Statutory Auditors on the financial statements of the Company for the Financial Year ended March 31, 2026 forms part of the Annual Report. There has been no remark given by the Auditors in their Report.

SECRETARIAL AUDIT

Secretarial Audit was carried out by M/s. Saraf & Associates, Practicing Company Secretaries for the Financial Year 2025-26. There were no qualifications, reservations or adverse remarks given by Secretarial Auditors of the Company. The Secretarial Audit report is annexed to this Annual Report.

Further the members of the Company at Annual General Meeting held on September 2, 2025, have approved the appointment of MK Saraf & Associates LLP, Practicing Company Secretaries, as secretarial auditors of the Company for a term of five financial years from April 1, 2025.

SECRETARIAL STANDARDS

During the Financial Year, the Company has complied with mandatory Secretarial Standards issued by the Institute of Company Secretaries of India.

ACKNOWLEDGEMENTS

The Board of Directors place on record its deep appreciation for the co-operation and support of the Company ' s employees, distributors, wholesalers, retailers, suppliers, clearing and forwarding agents, business associates, government authorities, bankers, consumers, employees and Shareholders and look forward to their continued support on the journey ahead.