To,

The Members,

Your Directors' are pleased to present the 49^th (Forty Nineth) Annual Report on the business and operations of Lloyds Metals and Energy Limited (the ‘Company' or ‘Lloyds Metals' or ‘LMEL') along with Audited Standalone and Consolidated Financial Statements for the Financial Year ("FY") ended 31^st March, 2026.

The Company during the year had 02 (Two) separate business segments - Mining, Value added Products ("VAP"). The Segment-wise performances are as below:

The Iron ore mining activities continued its operating excellence at Surjagarh area of Gadchiroli district of the State of Maharashtra.

FY 2025-26 was a landmark year for the Mining Division. The Company achieved its highest-ever iron ore production of 21.96 Million Tonnes ("MnT"), representing a 120% year-on-year increase over 10 MnT in FY 2024-25. This exceptional performance was driven by the enhancement of the Environmental Clearance ("EC") limit from 10 Million Tonnes Per Annum ("MTPA") to 55 MTPA, the commissioning and utilisation of the 85 km slurry pipeline (Hedri to Konsari), optimised mine execution and expanded equipment deployment.

The total income showed an increase of 73% as compared to the previous Financial Year, on account of higher volumes and robust domestic demand for iron ore.

The Sponge Iron Division delivered record production in FY 2025-26, benefiting from the commissioning of the new 360 KTPA DRI plant at Ghugus in Q2 FY 2025-26. Combined with the modernised existing facilities at Ghugus and the DRI plant at Konsari, the Division achieved its highest-ever output.

The above production showed an increase of 57% as compared to the previous FY. DRI sales volume for FY 2025-26 stood at 479,690 MT (56% Y-o-Y increase), with a realisation of R27,009 per tonne and EBITDA per tonne of P6,643.

The Power Division continued to operate smoothly, meeting the in-house power requirements of the Sponge Iron and Pellet manufacturing operations at

Ghugus. The division utilizes Waste Heat Recovery Boilers ("WHRB") and AFBC boilers. Surplus power generated is sold on the power exchange in line with prevailing spot demand from the grid.

The Power sales volumes were marginally lower on a year-on-year basis as a greater proportion of power generation was consumed captively to support enhanced DRI and Pellet plant operations.

The Company is scaling its renewable energy portfolio to 100 MW (120 MW planned) through solar and wind power, aimed at reducing its carbon footprint and energy costs across operations.

FY 2025-26 marked the first full year of commercial production from the Company's 4 MTPA Pellet Plant (Plant - 1) at Konsari, District Gadchiroli. The Pellet Plant commenced commercial production at the end of Q2 FY 2025-26 and achieved 100% annualised capacity utilisation within just 4 months of commissioning - a testament to the Company's swift and efficient project execution.

The Pellet Plant utilise advanced Straight Grate Technology and produce high-grade pellets with an iron content of ~64.3% Fe, sourced from captive iron ore fines at the Surjagarh Iron Ore Mine ("SIOM"). The 85 km slurry pipeline (Hedri to Konsari), already operational at 10 MTPA, has been instrumental in ensuring consistent, cost-effective, and environmentally responsible raw material supply, reducing dependence on road logistics and generating freight savings.

Iron Ore contributed 68% of standalone revenue and 70% of standalone EBIT, while VAP (DRI, Pellets, Power) contributed 32% of revenue and 30% of EBIT. This compares favourably to FY 2024-25, when VAP contributed only 20% of revenue and 11% of EBIT, reflecting a significant step-up in the Company's value chain integration.

Thriveni Earthmovers and Infra Private Limited ("TEIL"), a key subsidiary of the Company, is the Mine Development Operator ("MDO") for the Company's SIOM and additionally operates coal and other mineral mines across India and internationally. TEIL delivered a strong performance in FY 2025-26 across all its operational geographies.

The Company's primary iron ore asset, the SIOM, is located in Maharashtra and spans 348.09 hectares under a mining lease valid until 2057. The mine produces high-grade hematite ore with an average iron content of 63% Fe. The Company holds a zero-premium payment obligation to the Government of Maharashtra for the entire lease period - a significant structural cost advantage relative to the competitors.

Tata Steel Industrial Consulting's Mineral Resource Report estimates a total geological resource of 863 million tonnes comprising 157 million tonnes of Direct Shipping Ore ("DSO") and 706 million tonnes of Banded Hematite Quartzite ("BHQ"). With an expanded EC capacity of 55 MTPA and Lloyds Metals and Energy Limited's mine lease valid until CY2057, the Company is strategically positioned to remain one of India's leading iron ore miners beyond CY2030. This assumes significance as more than 80 MTPA of competing mining capacity across the industry is expected to come up for re-auction by CY2030 at comparatively higher auction premiums.

The Company has been steadily executing its multi-year capital expenditure programme, investing ^8,131 Crores in FY 2025-26 alone (FY24-FY26 cumulative: ^13,513 Crores), in pursuit of full steel value chain integration from iron ore to pellets, sponge iron, wire rod, and integrated steel.

v Slurry Pipeline - Line 1 (85 km, Hedri to Konsari, 10 MTPA capacity): Commissioned and fully operational.

v 4 MTPA Pellet Plant - Plant 1 at Konsari: Commissioned and operating at 100% annualised capacity utilisation. Completed in 16 months from commencement of construction.

v 4 MTPA Pellet Plant - Plant 2 at Konsari: Commissioned in May 2026.

v DRI plant expansion at Ghugus (360 KTPA): Commissioned in Q2 FY 2025-26.

The Company is setting up a 1.2 Million Tonne Wire Rod, Blast Furnace and Coke Oven along with additional DRI capacity. Steel Plant construction work has commenced and the project is at an advanced stage, expected to be commissioned on time. The Board approved this expansion plan at its meetings held on October 23, 2023 and January 22, 2024. Key components include:

v Sponge Iron Plant - 2 x 500 TPD v Power Plant for captive consumption v EAF based SMS - 2x50 Tonnes v Ladle Refining Furnaces - 2^x50 Tonnes v Vacuum Degassing Unit - 1x50 Tonnes v RHF - 120 Tonnes per hour

v Wire Rod Mill - 2x600,000 Tonnes per annum v Blast Furnace - 840,000 Tonnes per annum v Vertical Non-Recovery Type Coke Oven -

400,000 Tonnes per annum

Land has been procured and engineering is in progress for a 3^rd 4 MTPA Pellet Plant at Ghugus, with the Environmental Clearance already in hand. Construction commenced in Q4 FY 2025-26, with commissioning to be expected in FY 2027. This plant will be fed by a new 195 km Slurry Pipeline (Hedri to Ghugus via Chandrapur Stockyard), which has completed survey work and preliminary engineering, with Right-of-Way (ROW) approval in progress. This pipeline will deliver freight cost savings of ^800-1,000 per tonne.

The 5 Tons Per Hour ("TPH") Pilot Plant for BHQ beneficiation has given excellent results with a yield of 38%+. Forest land has been secured for the project. Primary engineering has been completed for the full-scale 30 MnT (Phase 1) BHQ plant and major equipment procurement is in progress. The Company has mobilised 14 mobile crushers and 26 HEMM machines for BHQ crushing at the mine site. The total planned capacity is 45 MnT (3 x 15 MnT modules).

The Company is setting up an Integrated Steel Plant via the conventional BF-BOF route with

hot rolling mill. Land procurement has been completed. The plant configuration is being reworked by leveraging new technologies to enhance efficiency and optimise the overall steel value chain.

The Company is developing an integrated slurry pipeline network aimed at structurally reducing logistics costs across the value chain:

v Line 2: 195 km, 16 MTPA - Hedri to Ghugus via Chandrapur Stockyard (through Konsari) - under development, with Right of Way (ROW) approvals in progress.

v Chandrapur Stockyard with Railway Siding: A new stockyard with railway siding is planned.

The Company executed a Memorandum of Understanding ("MOU") with Tata Steel Limited ("Tata Steel") for strategic investment, pellet conversion and long-term integration. Tata Steel has invested in Brahmani River Pellet Plant, Odisha alongside a long-term Pellet Conversion and Offtake arrangement and has acquired 50.01% of Thriveni Pellets Private Limited ("TPPL"), with LMEL's investment of ~^515 Crores for a 49.99% stake.

The MOU provides for cooperation across iron ore mining, pellet manufacturing, slurry pipeline infrastructure and steelmaking, aimed at building a scalable, integrated and sustainable steel value chain.

The Company through its wholly owned subsidiary, Lloyds Global Resources FZCO acquired a 50% interest in an operating copper mining and processing platform in the DRC, comprising 16 mining licenses (~100 sq. km) in the Katanga Copper Belt with a 12.000 TPA SX-EW plant. Commercial production of copper cathodes commenced in March 2026, marking formal entry into the global copper value chain. The platform has a clear expansion pathway to 30,000 TPA.

The Company through its wholly owned subsidiary, Lloyds Global Resources FZCO acquired a 49% stake in the Chemaf Group, entering a large, operating copper-cobalt platform in the Katanga Copper Belt with 50+ permits. Cobalt production is set to rise from 4.000 TPA (Etoile) to 16,000 TPA (Mutoshi), taking total cobalt capacity to ~20,000 TPA, alongside a pathway to ~70,000 TPA copper. The transaction is backed by Virtus, Orion and Trafigura, and is the first deal aligned with the US-DRC critical minerals framework signed in December 2025.

The Board approved the proposal for the Company's subsidiary, Lloyds Global Resources FZCO, to acquire an equity stake in Lloyds Panguna Metals and Energy Ltd. for the purpose of engaging with Bougainville Copper Ltd. in relation to a potential long-term cooperation and mining agreement for the Panguna Mine.

The Consolidated Financial Statements of the Company have been prepared in accordance with Indian Accounting Standards ("Ind AS") notified under Section 133 of the Companies Act, 2013 ("the Act"), read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and forms a part of this Annual Report. In accordance with Section 136 of the Act, the Audited Financial Statements, including the Consolidated Financial Statements and related information of the Company and the Audited Accounts of each of its Subsidiaries are available on the website of the Company at https://lloyds.in/investors/annual- report-and-financial-results/.

During the Financial Year under review, the Company had the following Subsidiaries/ Associate /Joint Venture namely:

** Value is I 30,000

v The figures stated above pertain to the entire financial year.

v @Lloyds Global Resources FZCO was incorporated as a wholly-owned subsidiary of the Company on 25^th September, 2025, and is registered with the Dubai Multi Commodities Centre (DMCC), Dubai.

v ~Lloyds Ferra Forge Global Private Limited is a newly incorporated wholly-owned subsidiary of the Company and has received certificate of Incorporation from Registrar of Companies, Maharashtra on 28^th February, 2026. The said company has not commenced operations and the subscription money towards its share capital was infused subsequent to the close of the financial year.

v *The Company holds 70,00,00,000 equity shares, representing 75.62% of the equity share capital of Thriveni Earthmovers and Infra Private Limited. Consequently, the said entity became a subsidiary of the Company with effect from 1^st July, 2025.

v $Thriveni Transport and Logistics Private Limited (formerly known as Lloyds Surya Private Limited) ceased to be a wholly-owned subsidiary of the Company with effect from 19 ^th July, 2026.

v #The Company holds 90,03,199 equity shares, representing 49.99% of the total equity share capital of Thriveni Pellets Private Limited. The aforesaid equity shares were acquired through a combination of cash consideration and non-cash consideration by way of share swap. Consequently, the said Company became associate of the Company with effect from 21^st October, 2025.

v ^AThe Company subscribed to 2,500 equity shares, representing 20% of the total issued, subscribed and paid-up equity share capital of LT Gondwana Skill Hub Private Limited. Consequently, the said Company became associate of the Company with effect from 14^th November, 2025.

In accordance with Section 129(3) of the the Act 2013, we have prepared the consolidated financial statements of the Company, which forms part of this Annual Report. Further, a statement containing the salient features of the financial statement of our Subsidiaries/ Joint Venture/ Associate in the prescribed Form AOC-1 is appended as "Annexure - I" to the Board's report. The statement also provides details of the performance and financial position of the associate.

The Company holds 70,00,00,000 equity shares, representing 75.62% of Thriveni Earthmovers and Infra Private Limited. Thus, the entity has become a subsidiary of the Company with effect from 1^st July, 2025.

The Company has acquired 1,074,074 equity shares, representing 26.82% of the shareholding in HR Godavari Private Limited. The equity shares in the said company were subscribed on 12^th June, 2025.

The Company holds 22,341 equity shares, constituting 17.45% of the total shareholding in Hexa Energy MH3 Private Limited. The equity shares in the said company were subscribed by way of private placement on 27^th June, 2025.

The Company holds 10,39,500 equity shares, representing 29.23% of the total shareholding in Hexa Energy W2 Private Limited. The equity shares in the said company were subscribed by way of private placement on 27^th June, 2025 and 21^st January, 2026.

The Company holds 1,64,90,000 equity shares, representing 19.40% of the total shareholding in Mandovi River Pellets Private Limited. The equity shares in the said company were subscribed by way of private placement on 27^th June, 2025.

The Company holds 90,03,199 Equity Shares, representing 49.99%of the total shareholding in Thriveni Pellets Private Limited. The Equity shares in the said company were acquired for Cash and non-cash consideration through share swap. Thus, entity becomes the associate of the Company.

The Company holds 2,500 Equity Shares, representing 20% of the total shareholding in LT Gondwana Skill Hub Private Limited. The equity shares in the said Company were acquired by way of private placement on 16^th Novermber, 2025. Thus, entity becomes the associate of the Company.

During the year under review, the Board of Directors of the Company at its meeting held on 12^th August, 2025 approved the incorporation of a wholly owned subsidiary outside India in the name of Lloyds Global Resources FZCO in Dubai Multi Commodities Centre ("DMCC"), Dubai, United Arab Emirates. The Certificate of Incorporation of Lloyds Global Resources FZCO was received on 25^th September, 2025.

The subsidiary was incorporated with the objective of undertaking investment, trading and other permitted activities in relation to mining, minerals and allied sectors and to support the Company's strategic growth and international expansion initiatives. The subsidiary is expected to facilitate the Company in exploring and investing in mining and mineral assets outside India, securing long-term raw material resources and strengthening the global presence of the Company in the mining and metals sector.

During the year under review, the Board of Directors of the Company at its meeting held on 3^rd February, 2026 approved the incorporation of a wholly owned subsidiary in the name of Lloyds Ferra Forge Global Private Limited ("LFFGPL"). The subscription money towards incorporation of the subsidiary was paid subsequent to the closure of the financial year. The Certificate of Incorporation of Lloyds Ferra Forge Global Private Limited was received on 28^th February, 2026.

The subsidiary was incorporated with the objective of establishing and operating a skill training institute at Gadchiroli under the name "LMGSE (Lloyds Mission for Global Skill and Entrepreneurship)" along with carrying out other ancillary and permitted activities. Lloyds Ferra Forge Global Private Limited has been envisaged as a mission-driven institutional platform for designing, operating and scaling structured skilling, leadership, entrepreneurship and employment-linked programmes aligned with regional development objectives and global workforce standards. The subsidiary is yet to commence its operations.

Following is the snapshot of the dividend track record of your Company for previous financial years:

The Board has appointed Mr. Akshay Vora, Company Secretary as the Nodal Officer for the purpose of coordination with Investor Education and Protection Fund Authority. Details of the Nodal Officer are available on the website of the Company at https://lloyds.in/investors/ i nvestor-contact/.

Your Board of Directors recommend the payment of Final dividend of Rs.1/- (Rupee One only) for each fully- paid equity share of Rs.1/- (Rupee One only) (i.e., 100%). This will be paid subject to the Shareholders approval at the ensuing 49^th (Forty Nineth) Annual General Meeting of the Company.

The final dividend shall be paid within a period of 30 (Thirty) days from the date of the 49^th Annual General Meeting ("AGM"). In view of the changes made under the Income-Tax Act, 1961, by the Finance Act, 2020, dividends paid or distributed by the Company shall be taxable in the hands of the Members. Your Company shall, accordingly, make the payment of the Final Dividend after deduction of tax at source.

The Company has also formulated a Dividend Distribution Policy in terms of the provisions of Regulation 43A of the Securities and Exchange Board of India ("SEBI") (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations") and the same is available on the website of the Company at https://lloyds.in/investors/investor- policies/ and is also set out as "Annexure - II" and forms a part of this Annual Report and the same is also available on the website of the Company at https://lloyds.in/ i nvesto rs/i nvesto r-policies/.

Consolidated cash and cash equivalent as on 31^st March, 2026, stood at ^ 2,702.93 Crore as compared to ^739.27 Crore in the previous year. The Company's working capital management is robust and involves a well organised process, which facilitates continuous monitoring and control over receivables, inventories and other parameters.

In terms of the provisions of Investor Education and Protection Fund (Accounting, Audit, Transfer and

Refund) Rules, 2016, Investor Education and Protection Fund (Awareness and Protection of Investors) Rules, 2001, there was no unpaid / unclaimed dividends to be transferred during the Financial Year under review to the Investor Education and Protection Fund.

In respect of the dividend declared for the previous financial years on Equity Shares Rs.1,43,82,326 remained unclaimed as on 31^st March, 2026.

During the year under review, no amount was transferred to the General Reserves of the Company.

During the year under review, there was no change in the authorised capital of the Company. Your Company has neither issued any shares with differential rights as to dividends, voting or otherwise nor issued any sweat equity shares during the year under review.

Your Company does not have any equity shares with differential rights and hence no disclosures is required to be given under Rule 4(4) of the Companies (Share Capital and Debentures) Rules, 2014.

During the year under review, your Company has not issued any sweat equity share and hence no disclosures is required to be given under Rule 8(13) of the Companies (Share Capital and Debentures) Rules, 2014.

During the year under review Company has made allotment of 7,81,144 Equity Shares to its ESOP Trust under its ESOP Policy Lloyds Metals and Energy Limited Employee Stock Option Plan - 2017 ("ESOP 2017"). Further during the period under review Company has made allotment of 9,541, Equity Shares to its ESOP Trust under its ESOP Policy Lloyds Metals and Energy Employee Stock Option Scheme - 2024 ("ESOP 2024") of the Company as amended from time to time,

The Company has raised funds through a preferential issue of warrants to finance capital expenditure for the expansion of the DRI plant and power plant at Ghugus, the expansion of pellet capacity by setting up an additional 1 x 4 MTPA pellet plant at Konsari, Gadchiroli, and for general corporate purposes. The approval of the Members of the Company was duly obtained on 29^th July, 2024.

Pursuant to the aforesaid approval, the Company allotted 3,67,95,000 convertible warrants on a preferential basis at a subscription price of ^259 (Rupees Two Hundred Fifty-Nine only) per warrant, being35%oftheissueprice.Eachwarrantentitledthe holdertosubscribetooneequityshareoftheCompany having a face value of ^1 (Rupee One only) each at an exercise price of ^481 (Rupees Four Hundred and Eighty-Oneonly)perequityshare.Thetotalissueprice per equity share was ^740 (Rupees Seven Hundred andFortyonly),includingapremiumof^739(Rupees SevenHundredandThirty-Nineonly)perequityshare.

During the year, all warrant holders, including both promoters and non-promoters, exercised their rights to convert the warrants into equity shares. Accordingly, the Company received an aggregate amount of ^17,69,83,95,000 (Rupees One Thousand Seven Hundred Sixty-Nine Crore Eighty-Three Lakh Ninety-Five Thousand only), in tranches, upon conversion of 3,67,95,000 warrants into equity shares.

During the year under review, the Board of Directors, at its meeting held on 12^th August, 2025, approved the issuance of 19,57,458 (Nineteen Lakh Fifty-Seven Thousand Four Hundred and Fifty-Eight) fully paid-up equity shares of face value of ? 1 (Rupee One) each at an issue price of ? 1,460.50 (Rupees One Thousand Four Hundred Sixty and Fifty Paise Only) per equity share, including a premium of ? 1459.50 (Rupees One Thousand Four Hundred Fifty Nine and Fifty Paise Only) per share, on a preferential basis to Adler Industrial Services Private Limited ("Adler"), a promoter shareholder of Thriveni Pellets Private Limited ("TPPL"). The said issuance was undertaken for an aggregate consideration comprising cash consideration of ? 200,00,00,000 (Rupees Two Hundred Crores) and non-cash consideration of? 2,85,88,67,409 (Rupees Two Hundred Eighty-Five Crore Eighty- Eight Lakh Sixty-Seven Thousand Four Hundred Nine), the latter being discharged by way of a share swap in lieu of acquisition of 49% (Forty- Nine percent) of the total issued, subscribed and paid-up equity share capital of TPPL from Adler. The aforesaid preferential issue was subsequently approved by the shareholders of the Company at the Extraordinary General Meeting held on 11^th September, 2025.

The pledge creation and release of equity shares by the Promoter and Promoter Group entities during the year under review were duly disclosed to the stock exchanges within the prescribed timelines and in compliance with the applicable provisions of the Listing Regulations and other applicable statutory requirements.

The Company grants loan to its Lloyds Employee Welfare Trust for subscribing to or purchasing fully paid-up equity shares of the Company, up to a limit of 5% of its paid-up capital and free reserves or any other limit set by applicable laws. These shares may be acquired in one or more tranches under the Lloyds Metals and Energy ESOP 2017 and ESOP 2024 or any other future employee benefit schemes.The purpose is to facilitate the implementation of such schemes or any other permitted objectives, in full compliance with the Securities and Exchange Board of India (Share Based Employees Benefit and Sweat Equity) Regulations, 2021 ("SBEBSE Regulations") & Listing Regulations, the Act 2013, and other applicable laws.

Your Company's equity shares are listed on the BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") (hereinafter collectively referred to as "Stock Exchanges").

During the year under review, the Board of Directors of Lloyds Metals at its meeting held on 12^th August, 2025 approved the raising of funds through issue of Non-Convertible Debentures ("NCDs") aggregating up to? 2,000 crores, with a greenshoe option of?500 crores, in one or more tranches on a private placement basis. The Company also received in-principle approval from the National Stock Exchange of India Limited on 13^th October, 2025 for listing of such securities.

Pursuant to the said approval, your Company allotted

60,000 secured listed NCDs having a face value of? 1,00,000 each, aggregating to ? 600 crores, on a private placement basis on January 30, 2026. Further, subsequent to the close of the financial year 2025- 26, the Committee of the Board of Directors of the Company, at its meeting held on 29^th April, 2026, approved the issuance of Non-Convertible Debentures aggregating up to ? 750 crores on a private placement basis, subject to applicable regulatory/statutory approvals. The said issuance is within the limits previously approved by the Board of Directors at its meeting held on 12^th August, 2025.

Further, subsequent to the close of the Financial Year 2025-26, the Board of Directors at its meeting held on 5^th May, 2026 also granted an enabling approval for issuance of NCDs aggregating up to ? 2,000 crores, with a greenshoe option of? 500 crores, in one or more tranches on a private placement basis, subject to applicable approvals.

The Company had appointed India Ratings and Research Private Limited as the Monitoring Agency for monitoring the utilization of proceeds from the following fund raises undertaken by Lloyds Metals and Energy Limited:

Qualified Institutional Placement ("QIP"); Preferential Issue of Warrants; and Preferential Issue of Equity Shares (For preferential issue of 19,57,458 equity shares during the Financial Year 2025-26) (collectively referred to as "Fund Raises").

Subsequently, India Ratings and Research Private Limited resigned as the Monitoring Agency for the Preferential Issue of Warrants and submitted its last monitoring report for the quarter ended 31^st December, 2025. Thereafter, the Board of Directors appointed Acer Credit Rating Private Limited as the Monitoring Agency for the Preferential Issue ofWarrantswith effect from January 1,2026.

The Monitoring Agencies have not observed any deviation in the utilization of proceeds from the aforesaid Fund Raises. Accordingly, pursuant to Regulations 32 of the Listing Regulations, the Company has filed NIL deviation reports along with the Monitoring Agency Reports on a quarterly basis with BSE Limited and National Stock Exchange of India Limited within the prescribed timelines.

The Monitoring Agency Reports are available on the website of the Company at www.llovds.in/investors/ company-disclosures/.

The Company's equity shares are compulsorily tradable in electronic form. As on 31^st March, 2026, there were approximately 55,99,96,478 Equity Shares in dematerialized form through depositories i.e. National

Securities Depository Limited and Central Depository Services (India) Limited, which represents about 99.49% of the total issued, subscribed and paid-up capital of the Company.

In light of the advantages provided by the depository system, shareholders holding shares in physical form are encouraged to opt for the dematerialization (demat) facility.

The Company with the objective of introducing a longterm incentive tool to attract, motivate, retain talent and reward loyalty, formulated ESOP 2017 for grant of a maximum of 1,11,29,129 and ESOP 2024 for grant of a maximum of 2,00,00,000 stock options respectively to the eligible employees of the Company. Further during the Financial Year under review, the Company had allotted 7,90,685 Equity Shares to the Lloyds Employees Welfare Trust under ESOP 2017 and ESOP 2024

During the year under reviewyour Company has granted 26,78,757 Options to be vested over a minimum period of 1 year to over 5 years as may be applicable as per the terms & conditions of the grant.

The grant made also includes employees of the Subsidiaries/Associates of the Company.

This will create a sense of ownership among employees, focus on boosting morale and create a healthy organisation and work culture and more importantly attract and retain the best talent.

In compliance with the Regulation 13 of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 ("SBEBSE Regulations") a certificate from Secretarial Auditor of the Company, confirming implementation of ESOP 2017 & ESOP 2024 in accordance with the said regulations will be available electronically for inspection by the Members during the ACM of the Company.

As per Regulation 14 of the SBEBSE Regulations, read with SEBI Circular CIR/CFD/POLICYCELL/2/2015 dated 16^th June, 2015, and Rule 12(9) of the Companies (Share Capital and Debentures) Rules, 2014, details of the Scheme are available on the website of the Company at www.llovds.in/investors/shareholders-information/.

There was no change in the Registered Office of the Company during the Financial Year under review. The present address of the Registered Office is as follows:

Plot No: A 1-2, MIDC Area, Ghugus, District Chandrapur - 442505, Maharashtra, India.

The Corporate Governance Report and the certificate on Corporate Governance received from the Secretarial Auditors of the Company for the Financial Year 2025-26, forms a part of this Annual Report as required under Regulation 34 read with Schedule V(C) of the Listing Regulations.

The Management Discussion and Analysis Report of the Company for the Financial Year 2025-26 forms a part of this Annual Report as required under the Act, and Regulation 34(2)(e) read with Schedule V of the Listing Regulations.

During the year under review, there has been no change in the nature of the business of the Company.

There was no alteration of Articles of Association ("AOA") during the Financial Year 2025-26. However, subsequent to the closure of the Financial Year 2025-26, the Board of Directors of the Company at their meeting held on 05^th May, 2026 approved alteration of the AOA of the Company for deletion of the provisions relating to Common Seal pursuant to the applicable provisions of the Act, subject to the approval of the Members at the ensuing Annual General Meeting.

There have been no material changes and commitments affecting the financial position of the Company which have occurred between the end of the Financial Year of the Company to which the financial statements relate and the date of this report.

During the Financial Year 2025-26 following Directors were appointed:

(a) Mr. Sujit Kumar Varma (DIN: 09075212) was appointed as an Independent Director of the Company, to hold office for a period of 5 Years from 12^th August, 2025 to 11^th August, 2030.

(b) Dr. Anita Rahul Shantaram (DIN: 00786517) was appointed as an Independent Director of the Company, to hold office for a period of 5 Years from 12^th August, 2025 to 11^th August, 2030.

During the Financial Year 2025-26, Babulal Agarwal (DIN: 00029389) and Rajesh Gupta (DIN: 00028379), who were liable to retire by rotation, were re-appointed as Non-executive Non-Independent Director and Managing Director, respectively, at the 48^th Annual General Meeting of the Company. However, based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company at its meeting held on 5^th May, 2026 approved the re-appointment of the following Independent Directors, subject to the approval of the Members:

(a) Ramesh Luharuka (DIN: 00001380) as an Independent Director of the Company, for a second term of five consecutive years commencing from 7^th October, 2026 up to 6^th October, 2031; and

(b) Seema Saini (DIN: 09539941) as an Independent Director of the Company, for a second term of five consecutive years commencing from 30^th March, 2027 up to 29^th March, 2032.

The detailed profile of Mr. Ramesh Luharuka and Dr. Seema Saini, seeking re-appointment at the forthcoming AGM as required under Secretarial Standard on General Meetings and Regulation 36 of the Listing Regulations is provided separately by way of an Annexure to the Notice of the Annual General Meeting which forms an integral part of this Annual Report.

Mr. Balasubramanian Prabhakaran, Managing Director (DIN: 01428366) is liable to retire by rotation and being eligible, offers himself for reappointment at the ensuing 49^th AGM of the Company. Your Directors' recommend his reappointment.

Mr. Venkateswaran Soundrarajan, Executive Director (DIN: 08035383) is liable to retire by rotation and being eligible, offers himself for reappointment at the ensuing 49^th AGM of the Company. Your Directors' recommend his reappointment.

The detailed profile of Mr. Balasubramanian Prabhakaran and Mr. Venkateswaran Soundrarajan, seeking re-appointment at the forthcoming AGM as required under Secretarial Standard on General Meetings and Regulation 36 of the Listing Regulations is provided separately by way of an Annexure to the Notice of the Annual General Meeting which forms an integral part of this Annual Report.

During year, Mr. Shabbirhusein Shaikhadam Khandwawala's (DIN: 10821717) designation was changed from Non-executive Independent Director to Non-executive Non-Independent Director with effect from 12^th August, 2025

The Board met 8 (Eight) times during the Financial Year 2025-26, the details of which are given in the Corporate Governance Report forming part of the Annual Report. The maximum interval between

any two meetings did not exceed 120 days, as prescribed in the Act and the Listing Regulations.

Nomination and Remuneration Committee has laid down the criteria for evaluation of performance of the Board, its committees and the directors. In compliance with Sections 134, 178 and Para II, V and VIII of Schedule IV of the Act and Regulation 17 of Para A of Part D of Schedule II of the Listing Regulations, the Board of Directors, as per the process recommended by the Nomination and Remuneration Committee, has evaluated the effectiveness of the Board, its Committees and Directors. The evaluation process invited responses to a structured questionnaire, which was largely in line with the SEBI Guidance Note on Board Evaluation, for each aspect of the evaluation. All the results were satisfactory.

Board assessment is conducted through a structured questionnaire. All the Directors participated in the evaluation process. Further, a separate meeting of the Independent Directors was conducted to review the performance of the Board as a whole and that of Non-Independent Directors.

The above criteria are broadly based on the Guidance Note on Board Evaluation issued by the Securities and Exchange Board of India on January 5, 2017.

The evaluation results were discussed at the meeting of Board of Directors, Committees and the Independent Directors meeting. The Directors were satisfied with the overall corporate governance standards, Board performance and effectiveness.

The Independent Directors of the Company have submitted declaration of Independence, as required pursuant to Section 149(6) of the Act, and provisions of the Listing Regulations, stating that they have met the criteria of independence as provided therein.

The Board is of the opinion that all the Independent Directors possess integrity, have relevant expertise, experience and fulfil the conditions specified under the Act, and the Listing Regulations.

All the Directors of the Company have confirmed that they are not disqualified to act as Director in terms of Section 164 of the Act.

The Board of Directors of the Company has taken on record the declaration and confirmation submitted by the Independent Directors after undertaking due assessment of the veracity of the same.

The familiarization programme is to update the Directors on the roles, responsibilities, rights and duties under the Act and other statutes and about the overall functioning and performance of the Company.

The Independent Directors have complete access to the information within the Company. As a part of Agenda of Board/Committee Meetings, presentations are regularly made to the Independent Directors. The detailed discussions and presentations on the sales, marketing, credit and operations of the Company, business plans, financials, risks and mitigation plans, compliances, major litigation, regulatory scenario etc. are facilitated by the Company's senior management. It remains the constant endeavor of the Company to continually update its Directors on the various developments, facilitate interaction with various functional and department heads of the Company and external experts.

The policy and details of familiarization programme is available on the website of the Company at www. Ilovds.in/investors/investor-policies/.

To the best of their knowledge and belief and according to the information and explanations obtained by them, your Directors make the following statements in terms of Section 134(3)(c) of the Act:

(a) in the preparation of the Annual Financial Statements for the Financial Year ended 31^st March, 2026, the applicable accounting standards have been followed along with proper explanation relating to material departures, if any;

(b) such accounting policies as mentioned in the Notes to the Financial Statements have been selected and applied consistently and

judgment and estimates have been made 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^st March, 2026 and of the profit of the Company for the Financial Year ended on that date;

(c) proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

(d) the Annual Financial Statements have been prepared on a going concern basis;

(e) that proper Internal Financial Controls were in place and that the financial controls were adequate and were operating effectively;

(f) that systems to ensure compliance with the provisions of all applicable laws were in place and were adequate and operating effectively.

In order to strengthen functioning of the Board, the Board of Directors have constituted following Committees as per the requirement of the Act and the Listing Regulations:

(i) Audit Committee

(ii) Nomination & Remuneration Committee

(iii) Stakeholders' Relationship Committee

(iv) Environmental, Social and Governance and

Corporate Social Responsibility Committee

(v) Risk Management Committee

(vi) Committee of Board of Directors

Details of the Committees along with their terms of references, composition and meetings held during the Financial Year under review are provided in the Corporate Governance Report section which forms a part ofthisAnnual Report.

In terms of Section 203 of the Act, the Key Managerial Personnel of the Company are Mr. Rajesh Gupta, Managing Director, Mr. Balasubramanian Prabhakaran, Managing Director, Mr. Riyaz Shaikh, Chief Financial Officer and Mr. Akshay Vora, Company Secretary & Compliance Officer.

The Board of Directors of your Company, from time to time have framed and revised various Polices as per the applicable Acts, Rules, Regulations and Standards for better governance and administration of the Company. The Policies are made available on the website of the Company at www.llovds.in/investors/investor-policies/. The policies are reviewed periodically by the Board and updated based on need and requirements.

The Company promotes ethical behavior in all its business activities and in line with the best governance practices. The Company has a robust vigil mechanism through its Whistle Blower Policy approved and adopted by the Board of Directors of the Company.

The Whistle Blower Policy aims to:

v allow and encourage stakeholders to bring to the management's notice concerns about unethical behavior;

v ensure timely and consistent organizational response;

v cultivate and fortify a culture of transparency and trust; and

v provide protection against victimisation.

In accordance with the provisions of Section 177(9) of the Act, read with Rule 7 of the Companies (Meeting of the Board and its Powers) Rules, 2014 and Regulation 22 of the Listing Regulations, the Directors and the employees have direct access to the Chairman as well as the Members of the Audit Committee. No person was denied access to the Audit Committee. Details of the vigil mechanism are explained in the Corporate Governance Report and the Whistle Blower Policy is available on the website of the Company at www.lloyds.in/investors/ investor-policies/.

The brief outline of the Corporate Social Responsibility ("CSR") policy of the Company and the initiatives undertaken by the Company on CSR activities during the Financial Year under review are set out as "Annexure - III" and forms a part of this Annual Report. For other details regarding the CSR Committee, refer to the Corporate Governance Report, which forms a part of this Annual Report. CSR Policy is available on the website of the Company at www.lloyds.in/investors/investor-polides/.

The Company undertakes its major CSR activities via "Lloyds Infinite Foundation", a Wholly-Owned Subsidiary of the Company.

The Nomination and Remuneration policy is available on the website of the Company at www.lloyds.in/investors/ investor-policies/ More details about the Nomination and Remuneration policy is provided in Corporate Governance Report.

Pursuant to Section 139 of the Act and the Rules made there under, the current Statutory Auditor of the Company M/s. Todarwal & Todarwal LLP, Chartered Accountants (FRN: 111009W/W100231) have been appointed for a period of 05 (Five) years i.e., one term pursuant to Section 139 of the Companies Act, 2013 pursuant to the Members approval at the 45^th (Forty Fifth) AGM of the Company held in the Year 2022 till the conclusion of 50^th (Fifth) AGM of the Company to be held in the Year 2027 (for one term of five years), at a remuneration as may be mutually decided between the Board of Directors and the Auditors.

M/s. Todarwal & Todarwal LLP have confirmed their eligibility to continue as the Statutory Auditors of the Company under Sections 139 and 141 of the Act and the applicable rules. Additionally, as required by the Listing Regulations, the Auditors have confirmed that they hold a valid certificate issued by the Peer Review Board of the Institute of Chartered Accountants of India.

Total fees for all services paid by the Company and its, subsidiaries, on a consolidated basis, to the statutory auditor is provided in the Corporate Governance Report section which forms a part of this Annual Report.

During the Financial Year 2025-26 there was no fraud occurred, noticed and/or reported by the Statutory Auditors under Section 143(12) of the Act read with the Companies (Audit and Auditors) Rules, 2014 (as amended from time to time).

The observations made by the Statutory Auditor in their Audit Report read with the relevant notes thereof as stated in the Notes to the Audited Financial Statements of Company for the Financial Year ended 31^st March,

2026 are self-explanatory and being devoid of any reservation(s), qualification(s) or adverse remark(s) etc. and hence, do not call for any further information(s)/ explanation(s) or comments from the Board under Section 134(3)(f)(i) of the Act.

Pursuant to Section 204 of the Act and the Rules made there under and Regulation 24A of the Listing Regulations, on approval of the Members of the Company at their meeting held on 2^nd June, 2025 M/s. Mitesh Shah & Co., Company Secretaries (Firm Registration No.: P2025MH104700), were appointed as Secretarial Auditors of the Company, to hold office for a term of 5 (Five) consecutive years, commencing from the Financial Year 2025-26 till Financial Year 2029-30.

As required under provisions of Section 204 of the Act the report in respect of the Secretarial Audit carried out by M/s. Mitesh Shah & Co., Practicing Company Secretary (Membership No.: F10070, CP No.: 12891) in Form MR-3 for the F.Y. 2025-26 is annexed hereto marked as "Annexure - IV" and forms part of this Report.

The Secretarial Compliance Report for the Financial Year ended 31^st March, 2026, in relation to compliance of all the applicable Securities and Exchange Board of India ("SEBI") Regulations/ circulars/ guidelines issued thereunder, pursuant to the requirement of Regulation 24A of the Listing Regulations, is set out as "Annexure- IV(A)" and forms a part of this Annual Report. The Secretarial Compliance Report has been voluntarily disclosed as part of Annual Report as good disclosure practice.

As per the requirement of Central Government and pursuant to Section 148 of the Act read with the Companies (Cost Records and Audit) Rules, 2014 as amended from time to time, your Company has been carrying out audit of cost records of the Company.

The Board of Directors, on the recommendation of Audit Committee, has appointed M/s Singh M K & Associates, Cost Accountants as Cost Auditor to audit the cost accounts of the Company for the Financial Year 2025-26 at a remuneration of 60,000/- (Rupees Sixty Thousand only) per annum. As required underthe the Act a resolution seeking Members approval for the remuneration payable for the Financial Year 2026-27 to the Cost Auditors forms part of the Notice convening the Annual General Meeting.

The Cost audit report for the Financial Year 2024-25 was filed within due time with the Ministry of Corporate Affairs.

Pursuant to Section 138(1) of the Act read with the Companies (Accounts) Rules, 2014, your Company is required to appoint an internal auditor to conduct internal audit of the functions and activities of your Company.

Your Board of Directors based on the recommendation of the Audit Committee, had approved the appointment of Protiviti India Member Private Limited to conduct the internal audit of your Company for the Financial Year 2025-26.

The Company has maintained required cost accounts and records as prescribed under Section 148(1) of the Companies Act, 2013.

Management of risk has always been an integral part of the Company's strategy and straddles its planning, execution and reporting processes and systems. Your Company continues to focus on a system-based approach to business risk management.

Our success as an organization depends on our ability to identify and leverage the opportunities while managing the risks. The Risk Management Committee is constituted to frame, implement and monitor the risk management plan of the Company. The Risk Management Committee of the Company has been entrusted by the Board with the responsibility of reviewing the risk management process in the Company and ensuring that the risks are brought within acceptable limits.

Our approach to risk management is to identify, evaluate risks and opportunities. This framework is intended to assist in decision making process that will minimise potential losses, improve the management in the phase of uncertainty and the approach to new opportunities, thereby helping the Company to achieve its objectives.

Details of risks & concerns associated with the Company has been provided underthe Management Discussion and Analysis Report.

The Risk Management policy is available on the website of the Company at www.lloyds.in/investors/investor- policies/.

The Company's internal control systems are tailored to the specific nature of its business, as well as the scale and intricacy of its operations. These systems undergo regular testing by both Statutory and Internal Auditors, encompassing all offices, factories, and pivotal business domains. The Company has implemented robust procedures to ensure the systematic and effective management of its operations, encompassing adherence to corporate policies, protection of assets, and the prevention and detection of fraudulent activities and errors.

Details of Loan, Guarantee and Investment covered under the provisions of Section 186 of the Act are given in the Notes to the Financial Statements, and forms a part ofthis Annual Report.

The Board of Directors have adopted the Policy on Materiality of Related Party Transactions and Dealings with Related Party Transactions as per the applicable provisions of the Act and the Listing Regulations and the same is available on the website of the Company at www.llovds.in/investors/investor-policies/.

Particulars of contracts or arrangements or transactions with the related parties referred to in Section 188 of the Companies Act, 2013, in the prescribed form AOC-2, are enclosed with this report as "Annexure - V".

There were no materially significant Related Party Transactions entered by the Company which may have a potential conflict with the interest of Company. All related party transaction(s) are first placed before Audit Committee for approval and thereafter such transactions are also placed before the Board for seeking their approval. The details of Related Party Transactions, as required pursuant to respective Indian Accounting Standards, have been stated in Note No. 38 to the Audited Financial Statement of Company forming part of this Annual Report.

Pursuantto Regulation 23(9) ofthe Listing Regulations, your Company has filed the reports on RPTs with the Stock Exchanges within the statutory timelines.

Disclosure required in respect of employees of the Company, in terms of provisions of Section 197 (12) of the Act read with Rule 5 ofthe Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is set out as "Annexure - VI" and forms a part of this Annual Report.

Further, details of employee remuneration as required under provisions of Section 197(12) ofthe Act read with Rule 5(2) and 5(3) of the aforesaid Rules is available for inspection at the Registered Office of your Company during working hours. As per second proviso to Section 136(1) of the Act and second proviso of Rule 5 ofthe aforesaid Rules, the Annual Report has been sent to the Members excluding the aforesaid exhibit. Any Member interested in obtaining copy of such information may write to the Company Secretary & Compliance Officer at investortcDlloyds.in.

In terms of Section 118(10) of the Act, the Company states that the applicable Secretarial Standards i.e., SS-1 and SS-2, issued by the Institute of Company Secretaries of India, relating to Meetings ofthe Board of Directors and General Meetings respectively, have been duly complied with.

Your Company continues to maintain strong credit ratings from leading rating agencies, reflecting its robust financial position and prudent management practices.

In July 2025, the Company's credit ratings were reviewed by India Ratings and Research Private Limited and CRISIL Ratings Limited. India Ratings affirmed the Company's Issuer Rating at IND AA/ Stable and assigned a Long-Term Rating of IND AA/ Stable to the proposed bonds aggregating to ? 2,500 crore and to the term loan of ? 1,000 crores. CRISIL Ratings Limited assigned a Long-Term Rating of CRISIL AA/Stable to the Company's Non-Convertible Debentures aggregating to ? 2,500 crore and to its bank loan facilities of? 1,000 crores.

Subsequently, in March 2026, India Ratings and Research Private Limited reaffirmed the Company's Issuer Rating at IND AA/Stable. The Long-Term Rating of IND AA/Stable was reaffirimed for bank loan facilities aggregating to Rs.1,000 crore and Rs.7,503 crores. Further, the Company's Non-Convertible Debentures/ Bonds aggregating to Rs.2,500 crores continued to carry a Long-Term Rating of IND AA/Stable, along with a short-term rating of IND A1+ where applicable.

Subsequently, in April 2026, Crisil Ratings Limited has assigned/reaffirmed its credit ratings. The Bank Loan Facilities, amounting to R8,500 crore (enhanced from R1,000 crore), have been rated CRISIL AA/Stable (reaffirmed) for long-term and CRISIL A1+ (assigned) for short-term. The NonConvertible Debentures of R2,500 crore have been rated CRISIL AA/Stable (reaffirmed).

These ratings underscore the Company's strong credit profile, financial discipline, and stable outlook.

As on 31^st March, 2026, the total borrowings of the Company stood at Rs.5,419.38 Crores (Rupees Five Thousand Four Hundred Nineteen Crores and Thirty- Eight Lakhs only), of which Rs.2,598.26 Crores (Rupees Two Thousand Five Hundred Ninety-Eight Crores and Twenty-Six Lakhs only) comprised unsecured debt and Rs.2,821.12 Crores (Rupees Two Thousand Eight Hundred Twenty-One Crores and Twelve Lakhs only) comprised secured debt. Given the capital-intensive nature of the industry in which the Company operates, the Board of Directors, at its meeting held on 12^th August, 2025, approved the revision of the overall borrowing limits pursuant to Section 180(1)(c) of the Companies Act, 2013.

In addition, the Board also approved the creation of charges on the Company's movable and immovable assets, both present and future, in accordance with Section 180(1)(a) of the Act, for securing the borrowings already made or to be made under the revised borrowing limits and the limits under section 180(1)(a) and 180(1)(c) were approved by the Members at the Extraordinary General Meeting held on 11^th September, 2025.

Further the Board of Directors of the Company at its meeting held on 5^th May, 2026 approved revision in limits under section 180(1)(a), 180(1)(c) and 186 of the

Companies Act subject to approval of the members at the ensuing Annual General Meeting of the Company.

During the year under review, the Company has neither accepted any deposits nor there were any amounts outstanding at the beginning of the year which were classified as "Deposits" in terms of Section 73 of the Act read with the Companies (Acceptance of Deposit) Rules, 2014 and hence, the requirement for furnishing of details of deposits which are not in compliance with the Chapter V of the Act is not applicable.

No significant and material orders have been passed by any Regulator or Court or Tribunal which can have impact on the going concern status and the Company's operations in future.

The Company has zero tolerance for sexual harassment at workplace and has adopted a Policy on Prevention, Prohibition and Redressal of Sexual Harassment at workplace in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and Rules framed thereunder. Internal Complaints Committee ("ICC") is in place for all works and offices of the Company to redress complaints received regarding sexual harassment. The policy on Prohibition, Prevention & Redressal of Sexual Harassment is available on the website of the Company at www. l loyds.i n/i nvesto rs/i nvestor- policies/.

During the Financial Year under review, no complaints with allegation of sexual harassment were filed with the ICC.

The Company confirms that it has duly complied with the provisions of the Maternity Benefit Act, 1961. All eligible women employees have been extended the statutory benefits prescribed under the Act, including paid maternity leave, continuity of salary and service during the leave period, and post-maternity support such as nursing breaks and flexible return-to-work options, as applicable. The Company remains committed to fostering an inclusive and supportive work environment that upholds the rights and welfare of its women employees in accordance with the applicable laws.

The disclosure of particulars with respect to Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo as required under Section 134(3)(m) of the Act read with Rule 8(3) of the Companies (Accounts) Rules, 2014 is set out as "Annexure - VII" and forms a part of this Annual Report.

In terms of Regulation 34(2)(f) of the Listing Regulations the Company's Business Responsibility and Sustainability Reporting describing the initiatives taken by the Company from an environmental, social and governance perspective forms part of this Annual Report and has been hosted on the website of the Company at www.lloyds.in/investors/annual-report-and-financial- results/.

Pursuant to Section 92(3) read with section 134(3) (a) of the Act, copies of the Annual Returns of the Company prepared in accordance with Section 92(1) of the Act read with Rule 11 of the Companies (Management and Administration) Rules, 2014 is hosted on the website of the Company at www.lloyds.in/investors/shareholders- information/.

The listing fees payable for the Financial Year 2025-26 has been paid to BSE Limited and National Stock Exchange of India Limited within due date.

The Company is exposed to a variety of different laws, regulations, positions and interpretations thereof which encompasses Direct/In-Direct taxation and legal matters. In the normal course of business, provisions and contingencies may arise due to uncertain tax positions and legal matters. Based on the nature of matters, the management applies various parameters when considering evaluation of risk, expert opinions, including how much provision to be made in books of accounts considering the potential exposure of each of the matters in consultation with the Statutory Auditors. The aforesaid potential exposures may change substantially over time as new facts emerge as each matter progresses, hence these are reviewed regularly/periodically.

The Company is committed to maintaining the highest standards of Environment, Health, and Safety ("EHS") across all its operations. Our EHS policies are designed to minimize environmental impact, ensure the health and safety of our employees, and promote sustainable practices throughout our business processes. In line with global best practices, we continuously review and enhance our EHS strategies to ensure compliance with regulatory requirements, mitigate potential risks, and foster a culture of safety and environmental responsibility. Through regular training, monitoring, and audits, we aim to create a safe and sustainable work environment that not only protects our workforce but also contributes to the well-being of the communities we operate in.

During the Financial Year under review:

(a) There was no change in the nature of business of the Company.

(b) The Company has not issued Equity Shares with differential rights as to dividend, voting or otherwise, pursuant to the provisions of Section 43 of the Act and Rules made thereunder.

(c) The Company has not bought back its shares, pursuant to the provisions of Section 68 of the Act and Rules made thereunder.

(d) The Company has not issued any Sweat Equity Shares to its Directors or employees.

(e) The Company has not failed to implement any corporate action.

(f) The Company has not made any provisions of money or has not provided any loan to the employees of the Company for purchase of shares of the Company, pursuant to the provisions of Section 67 of the Act and Rules made thereunder.

(g) The Company has not accepted any deposit from the public, pursuant to the Chapter V of the Act and Rules made thereunder.

(h) There was no revision of financial statements and Board's Report of the Company.

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

(j) There were no significant material changes and commitments affecting the financial position of the Company, which have occurred between the end of the Financial Year of the Company to which the Financial Statements relate and the date of this Report.

(k) Mr. Balasubramanian Prabhakaran, Managing Director of the Company, is drawing remuneration from Thriveni Earthmovers and Infra Private Limited, a subsidiary of the Company. Except as stated above, no other Managing Director or Whole-time Director of the Company received any remuneration or commission from any of its subsidiaries or associates.

(l) No application has been made under the Insolvency and Bankruptcy Code, hence, the requirement to disclose the details of application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 during the year along with their status as at the end of the Financial Year is not applicable.

(m) The requirement to disclose the details of difference between amount of the valuation done at the time of onetime settlement and the valuation done, while taking loan from the Banks or Financial Institutions along with the reasons thereof, is not applicable.

(n) The securities were not suspended from trading during the year due to corporate actions or otherwise.

(o) No candidate was nominated by small shareholders in terms of Section 151 of the Act.

(p) None of the Auditors and/or Secretarial Auditors, resigned during theyear.

(q) There was no delay, in holding Annual General Meeting.

(r) There was no change in Auditors.

(s) There was no re-appointment of Independent Director during theyear under review.

(t) The financial statements of the Company and its subsidiaries are placed on the Company's website at www.lloyds.in/investors/annual-report-and- financial-results/.

(u) The Cash Flow Statement for the Financial Year 2025-26 is attached to the Balance Sheet which forms part of this Annual Report.

(v) During theyear, all recommendations made by the committees were approved by the Board.

Your Directors would like to take this opportunity to express their sincere gratitude to all of the employees, customers, and suppliers who have contributed to our success over the past year. Their hard work, dedication, and support have been instrumental in achieving the goals and driving the business forward. We would also like to thank our Members for their continued trust and investment in the Company. We are committed to build strong relationships with all of our stakeholders, and we value their feedback and input as we strive to improve and grow our business. We are proud of what we have accomplished together, and we look forward to continued success in theyears ahead.