Dear Members,

Your Directors have immense pleasure in presenting the Thirty Eighth Annual Report together with the Audited Statement of Accounts, highlighting the business operations and financial results for the Financial Year ended March 31, 2026.

1. FINANCIAL SUMMARY OR HIGHLIGHTS/PERFORMANCE OF THE COMPANY (STANDALONE AND CONSOLIDATED)

The summarized standalone and consolidated results of your Company and its subsidiaries are given in the table below:

(Rupees in Lakhs)

(Rupees in Lakhs)

2. STATE OF COMPANY?S AFFAIRS

The fiscal 26 has been a dismal and disappointing financial performance .We have ofcourse had several good developments that continue to vindicate our long term strategy execution. For example we have enhanced India?s digital payment platforms to process at levels not known before, and we continue to build successfully our brand and recognition globally. The company was recognized by Nasscom, the major industry body, during this fiscal year.

Financial consolidation

The company continues to be on a sound financial foundation even after poor financial performance of FY 26.

The company?s investment in its subsidiary Paypermint, which is being used to build an asset that has significant marketable value, is now profitable.

The company is committed to pursue cash flow focused strategy to help meet its short term to long term growth.

Margins analysis

The standalone net revenue for the financial year 2025-2026 stood at Rs. 2544.72 Lacs as compared to the previous financial year, which was Rs. 5786.06 Lacs. On a standalone basis, the Company?s Standalone profit/(loss) before tax stood at Rs. (2992.81) Lacs in the financial year 2025-26, vis-?-vis Rs. 714.04 Lacs in the previous year. The Revenues of the company declined owing to longer sales cycle than anticipated.

On a consolidated basis, the Company?s profit/(loss) before tax stood at Rs. (2850.64) Lacs in the financial year 2025-2026, vis-?- vis Rs. 963.55 Lacs in the previous year.

The total standalone capital employed decreased from Rs. 8185.25 Lacs in 2024-2025 to Rs. 5280.14 Lacs in 2025-26.

Ratio Analysis

The improvement in the Key Financial ratios is indicative of the improved performance and treasury management of the company. The Company has been able to improve it operations by reducing its Net Loss and returns on Equity & Capital employed exponentially. Efficient treasury management has led to improved treasury Management.

• Economic Scenario, Outlook, and Strategy

The industry scenario, industry outlook and the company strategy has been extensively covered in the MD & CEO?s message, the market opportunity and the Management Discussion and Analysis presented in the earlier sections of this Annual Report.

3. TRANSFER TO RESERVES

The Directors do not propose to transfer any amount to the General Reserves.

4. CHANGES IN SHARE CAPITAL

During the year under review, the authorised share capital of the Company stood at Rs. 4,500.00 Lakhs comprising of 4,00,00,000 Equity Shares of Rs. 5/- each and 25,00,000 Preference Shares of Rs. 100/- each. The paid-up capital of the Company stood at Rs. 1,291.56 Lakhs, comprising of 2,58,31,211 equity shares of Rs. 5/- each.

During the year under review, the Company did not issue any equity shares or preference shares. Further, the Company did not undertake any rights issue, bonus issue, preferential allotment, private placement, qualified institutions placement, or any other form of capital issuance.

5. CHANGE IN NATURE OF BUSINESS, IF ANY

During the year, there was no change in the nature of business of the Company and the Company continues to concentrate on its own business.

6. DIVIDEND

The Board has decided to retain the entire earnings within the Company; hence no dividend is recommended for the financial year ended 31st March, 2026.

7. DETAILS OF BOARD MEETING

During the Financial Year Five Board Meetings were held, details of which are given below:

The maximum time gap between any two consecutive meetings did not exceed 120 (One Hundred and Twenty) days.

8. COMMITTEES OF THE BOARD

The Board has constituted various Committees in accordance with the provisions of the Companies Act, 2013, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable regulatory requirements. These Committees play a significant role in strengthening the corporate governance framework of the Company by focusing on specific areas and facilitating effective and timely decision-making.

The Audit Committee of the Board has been constituted in accordance with the provisions of Section 177 of the Companies Act, 2013 and Regulation 18 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"). The composition of the Audit Committee as on March 31, 2026 was as under:-

The Company Secretary of your Company acts as the Secretary to the Audit Committee. The terms of reference of the Audit Committee have been provided in the Corporate Governance Report forming part of this Report. During the Financial Year, the committee had met Four times as on April 30th 2025, July 22nd 2025, November 05th 2025 and January 21st 2026.

There were no such instances where the recommendation of audit committee has not been accepted by the Board during the financial year under review.

Your Company puts top priority to adherence to the Codes of Conduct and to achieve at par with the highest standards of ethical, moral, and legal conduct of business operations and henceforth encourage its employees to bring ethical and legal violations they are aware of to an internal authority without fear of punishment or unfair treatment so that action can be taken immediately to resolve the problem. A Vigil (Whistle Blower) Mechanism provides a channel to the employees and Directors to report to the management concerns about unethical behaviour, actual or suspected fraud or violation of the Codes of Conduct or policy. The mechanism also provides for adequate safeguards against victimization of Directors or employees or any other person to avail of the mechanism and also provide for direct access to the Chairman of the Audit Committee. Thus, minimization of organization?s exposure to the damage that can occur when employees circumvent internal mechanisms is the main objective which neither release employees from their duty of confidentiality in the course of their work, or can it be used as a route for raising any malicious allegations against people in authority and / or colleagues in general. Your company has given affirmation that no personnel have been denied access to the Audit Committee.

Your Company has formulated a codified Whistle Blower Policy incorporating the provisions relating to Vigil Mechanism in terms of Section 177 of the Companies Act, 2013 and Regulation 22 of SEBI Listing Regulations, 2015. Further, no complaints were reported under the Vigil Mechanism during the year.

The Company?s Whistle Blower Policy is available on the company?s website at https://www.rssoftware.com/rswordpress/wp-content/ uploads/2022/04/vigilmechanismpolicy-rssoftware-Nov29.pdf

The Board of Directors of your Company has constituted a Nomination and Remuneration Committee in accordance with the provisions of Section 178 of the Companies Act, 2013 read with Regulation 19 of SEBI Listing Regulations, 2015. The composition of the Committee as on March 31, 2026 was as under:-

The terms of reference of the Committee have provided in the Corporate Governance Report forming part of this Report. During the financial year, the Committee met Five times as on April 29th 2025, July 22nd 2025, September 25th 2025, November 04th 2025 and January 20th 2026.

The Stakeholders Relationship Committee has been constituted in accordance with the provisions of Section 178 of the Companies Act, 2013 and Regulation 20 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The composition of the Committee as on March 31, 2026 was as under:-

The terms of reference of the Committee have been provided in the Governance Report forming part of this Report. During the financial year, the Committee met Four times as April 29th 2025, July 22nd 2025, November 04th 2025 and January 20th 2026.

The provisions of Section 135 of the Companies Act, 2013 relating to Corporate Social Responsibility ("CSR") were applicable to the Company during the financial year 2025-26.

The Corporate Social Responsibility Committee has been constituted in accordance with the provisions of Section 135 of the Companies Act, 2013. The composition of the Committee as on March 31, 2026 was as under:

Notwithstanding the constitution of the CSR Committee, pursuant to Section 135(9) of the Companies Act, 2013, where the amount required to be spent by a company towards CSR activities during a financial year does not exceed 50 lakh, the functions of the CSR Committee may be discharged by the Board of Directors. Accordingly, during the year under review, the functions prescribed under Section 135 of the Act were discharged by the Board of Directors, while the CSR Committee continued to function as part of the Company?s governance framework.

During the financial year 2025-26, the Company incurred CSR expenditure of 50 lakhs towards eligible CSR activities. Upon final determination of the CSR obligation in accordance with the provisions of Section 135 of the Companies Act, 2013, the amount required to be spent for the year was lower than the actual expenditure incurred. The Company nevertheless continued its commitment towards sustainable social development and community welfare initiatives by undertaking CSR expenditure in excess of the statutory requirement.

The excess expenditure incurred over and above the CSR obligation shall be eligible for set-off against the CSR obligation of succeeding financial years, subject to compliance with the applicable provisions of the Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2014. The CSR policy is uploaded on Company?s website i.e., on https://www.rssoftware.com/administrator/ uploads/faqfiles/CSR%20PolicyRSSOFTWARE.pdf.

The Annual Report on CSR activities, containing the particulars prescribed under the Companies (Corporate Social Responsibility Policy) Rules, 2014, including details of CSR expenditure incurred during the year, forms part of this Report as Annexure – D.

The Executive Committee has been constituted by the Board to facilitate efficient management of the Company?s day-to-day affairs and to exercise such powers and perform such functions as may be delegated by the Board from time to time. The composition of the Executive Committee as on March 31, 2026 was as under:

During the financial year the Committee met Four times as on April 29, 2025, July 22, 2025, November 04, 2025 and January 20, 2026.

9. EMPLOYEE STOCK OPTION SCHEME

The Members of the Company, at the Annual General Meeting held on July 23, 2025, approved the Employees Stock Option Scheme, 2025 ("ESOP 2025") for the employees of the Company and its subsidiary(ies) in India and abroad, effective from April 1, 2025, for a period of five years. The Nomination and Remuneration Committee, designated as the ESOP Compensation Committee, is responsible for administering and supervising the ESOP 2025 Scheme and is empowered to formulate the detailed terms and conditions thereof. The Committee is also authorised to identify and determine the eligibility of employees of the Company and its existing and future subsidiary companies for grant of options under the Scheme during its validity period.

During the year under review, the Board of Directors of the Company at its meeting held on 25th September 2025 approved and granted 1,00,000 ESOP options to one Senior Managerial Personnel of the Company under Employees Stock Option Scheme 2025 at a price of Rs. 78.31 per option/shares.

The Company?s Employees Stock Option Scheme 2025 is in compliance with the provisions of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The disclosure required to be made under Regulation 14 of the said Regulations is available on the Company?s website at https://www.rssoftware.com/administrator/uploads/reports/438600203RSSOFTWAREScheme ESOP-2025.pdf.

Pursuant to the provisions of Section 124 of the Act, the dividend amounts which have remained unpaid or unclaimed for a period of seven years from the date of declaration have been transferred by the Company to the Investor Education and Protection Fund ("IEPF") established by the Central Government pursuant to Section 125 of the Act. The details of unpaid / unclaimed dividend that will be transferred to IEPF in subsequent years are given in the Corporate Governance Report. Further, according to the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 ("the IEPF Rules"), the shares in respect of which the dividend has not been claimed by the shareholders for seven consecutive years or more shall also be transferred to the demat account created by the IEPF Authority. Accordingly, the Company will transfer the corresponding shares for which the unpaid and unclaimed dividend has been transferred, as per the requirements of the IEPF Rules. The details are available on the website of the Company at https://www.rssoftware.com/administrator/uploads/reports/1978872518RSSOFTWARECOMMON-UNPAID-FOLIOS2015-16.pdf

Further, in accordance with guidelines, the Company has appointed Nodal Officer for the purposes of verification of claims and coordination with Investor Education and Protection (IEPF) Authority.

As per Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, there are no such material variances in the Company.

There are no material changes or commitments affecting the financial position of the Company, which have occurred between the end of the financial year and the date of this Report.

There are no significant and material orders passed by any Regulators / Courts /Tribunals, which impacts the going concern status of the Company or will have any bearing on Company?s Operations in future.

In terms of the requirement of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the Company has taken adequate measures to mitigate various risk encountered. The Board periodically reviews the key business risks and mitigation measures. No risk has been identified which, in the opinion of the Board, may threaten the Company?s existence as a going concern.

Your Company has adequate system of internal controls procedures commensurate with its size and the nature of its business. The company has documented its policies, controls and procedures, covering all financial and operating functions, designed to provide a reasonable assurance with regard to reliability of financial reporting, monitoring of operations, protecting assets from unauthorized use or losses, compliances with regulations, prevention and detection of fraudulent activities etc.

The internal control systems of the Company are monitored and evaluated by the Internal Auditors. Your Company manages and monitors the various risks and uncertainties that can have adverse impact on the Company?s business. Your Company is giving major thrust in developing and strengthening its internal audit so that risk threat can be mitigated.

The Audit Committee of the Board of Directors, comprising of Independent Directors, regularly reviews the audit plans, significant audit findings, adequacy of internal controls, compliance with accounting standards as well as reasons for changes in accounting policies and practices, if any.

The CEO and CFO certification as provided in the Annual Report discusses the adequacy of the Company?s Internal Control System and Audit.

The Board of Directors of the Company is of the opinion that all the Independent Director of the Company possess the requisite integrity, expertise, experience and proficiency required to discharge their duties effectively. The Independent Directors fulfill the conditions of independence as specified under the Companies Act, 2013 and the Rules made thereunder, as well as the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and are independent of the management.

The Board of Directors of the Company, based on the recommendation of the Nomination & Remuneration Committee, has formulated a Remuneration Policy for selection and appointment of Directors, Senior Management and their remuneration.

Pursuant to sub-section (3) of Section 129 of the Companies Act, 2013 read with Rule 5 of the Companies (Accounts) Rule, 2014, the statement containing the salient features of the financial statement and performance of a company?s subsidiaries, is given in AOC-I as Annexure A which forms a part of this Annual Report.

The Consolidated Financial Statements of the Company have been prepared in accordance with the provisions of the Companies Act, 2013, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Act read with the relevant rules made thereunder. The Consolidated Financial Statements incorporate the financial statements of the Company?s subsidiaries.

In accordance with the provisions of Section 136 of the Companies Act, 2013, the audited standalone and consolidated financial statements of the Company, together with the audited financial statements of its subsidiaries, are available on the website of the Company www.rssoftware.com.

During the financial year under review, there were no changes in the number of subsidiary company. Currently the company has two subsidiaries namely Responsive Solutions, Inc. and Paypermint Private Limited. Further, the Company has no Joint Venture and Associate during the financial year ended 31st March 2026.

A report on the performance and financial position of each of the Subsidiaries included in the consolidated financial statements prepared by your company as per Rule 8(1) of the Companies (Accounts) Rules, 2014, forms part of the audited annual accounts of each of the subsidiary companies which have been placed on the website of your company https://www.rssoftware.com/home/investors#financials and also forms part of Form AOC-1 pursuant to Rule 5 of the Companies (Accounts) Rules, 2014, which are set out as an Annexure- A to the Directors? Report and forms a part of this Annual Report.

The Company has not accepted any kind of deposit from the public falling within the ambit of Section 73 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014.

M/s. Chaturvedi & Company (Registration No. 302137E) was appointed as the Auditors of the Company in place of the retiring Auditors to hold office from the conclusion of the 34th Annual General Meeting for a term of consecutive five years till conclusion of the 39th Annual General Meeting with the approval of shareholders on the Annual General meeting held on 12th August, 2022.

There were no changes in the statutory auditor during the financial year 2025-26.

The Statutory Auditor M/s Chaturvedi & Company, Chartered Accountants (Registration No. 302137E) has submitted an un-qualified Audit Report for the financial year 2025-26 and no frauds were detected by the Auditor during the financial year under the second proviso of Section 143(12) of the Companies Act, 2013.

Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, and Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI ( Listing Obligation and Disclosure Requirements ) ( Third Amendment ) Regulation, 2024 dated 12th December,2024, the Company has appointed M/s. MR & Associates, a firm of Company Secretaries in Practice (Firm registration no. P2003WB008000), as Secretarial Auditors of the Company for a term of five consecutive years commencing from April 1, 2025, to conduct the Secretarial Audit of the Company.

The Secretarial Audit Report issued by the Secretarial Auditors in Form No. MR-3 for the financial year ended March 31, 2026 is annexed to this Board?s Report as Annexure B and forms an integral part of the Annual Report.

The observations/remarks in the Secretarial Audit Report and the management?s explanations thereon are provided below:-

a. Delayed intimation submitted to the Stock Exchange(s) for the Outcome of Board meeting held on 21st January 2026 and the financial results for the quarter ended on 31st December 2025 as per Regulation 30 read with Regulation 33 of the SEBI (LODR) Regulations, 2015.

Management Response: The delay was caused due to technical issues on the NSE NEAPS portal and the Company had continuously attempted to upload the documents within the prescribed timeline. The requisite documents were also shared with NSE through email during the period of technical issue and the filing was subsequently completed successfully.

Pursuant to regulation 24A of Listing Regulations of the Secretarial Audit Reports of Material Subsidiary ( Paypermint Private Limited) of the Company forms part of the Annual Report.

Maintenance of cost records and requirement of cost audit as prescribed under the provisions of Section 148(1) of the Companies Act, 2013 are not applicable for the business activities carried out by the Company.

In accordance with the Companies Act, 2013, the annual return in the prescribed format can be accessed at : https://www.rssoftware.com/home/investors#financials.

The Management Discussion and Analysis Report, in terms of Regulation 34(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been covered in the earlier sections of the Annual Report.

Disclosure pertaining to remuneration and other details as required under Section 197 of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are provided in the Annual Report as "Annexure C".

The Statement containing particulars of employees as required under section 197(12) of the Companies Act, 2013 read with Rules 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is available for inspection in terms of Section 136 of the Act, any member interested may write to the Company Secretary and the same will be furnished on request.

The particulars as prescribed under sub-section (3)(m) of the Section 134 of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, are given which forms a part of the Annual Report and attached as "Annexure E".

Your Company has received declaration from each of the Independent Directors under Section 149(7) of the Companies Act, 2013 and Regulation 25(8) of SEBI Listing Regulations, 2015 that they meets the criteria of independence laid down in Section 149(6) of the Companies Act, 2013 and Regulation 16 of SEBI Listing Regulations, 2015 and that they are not aware of any circumstance or situation, which exist or may be reasonably anticipated, that could impair or impact his/ her ability to discharge their duties with an objective independent judgment and without any external influence. All the declarations were placed before the Board.

In terms of SEBI Listing Regulations, 2015 your Company identified the list of core skills/expertise/competencies as is required in the context of your Company?s Business(es) and Sector(s) for it to function effectively and those which are available with the Board and mapped such skills to the Individual Directors of your Company. Details of such skills/expertise/competencies as identified were reviewed by the Nomination and Remuneration Committee and the Board of Directors and are furnished in the Corporate Governance Report and forms part of this Annual Report.

There had been no changes in the composition of Directors during the year 2025-2026.

The following directors/executives of your Company are Whole-Time Key Managerial Personnel (KMPs) as on March 31, 2026, in accordance with the provisions of Section 203 of the Companies Act, 2013.

1) Mr. Rajnit Rai Jain - CEO & Managing Director

2) Mr. Vijendra Kumar Surana – Chief Financial Officer and Company Secretary.

Remuneration policy of the R S Software (India) Ltd comprising members of the Board of Directors ("Board"), Key Managerial Personnel ("KMP") and the Senior Management Personnel (SMP or "LT") of the Company.

The objective of the remuneration policy is to enable the Company to attract, motivate, and retain qualified industry professionals for the Board of Management and other executive level in order to achieve the Company strategic goals. The remuneration policy acknowledges the internal and external context as well as the business needs and long-term strategy. The policy is designed to encourage behaviour that is focused on long-term value creation, while adopting the highest standards of good corporate governance.

The particulars of loans, guarantees and investments have been disclosed in the notes of the Financial Statements for the year ended 31st March 2026 and form a part of this Annual Report.

All contracts / arrangements / transactions entered by the Company during the financial year with related parties were in the ordinary course of business and on an arm?s length basis and are in compliance with the applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations, 2015.

the disclosure about details of material contracts or arrangements or transactions with related parties referred to in Section 188(1) in Form AOC-2 is appended as "Annexure F". All related party transactions are presented to the Audit Committee and the Board for approval.

The Related Party Transaction Policy has been devised by your company for determining the materiality of transactions with related parties and dealings with them and the same is hosted on the website of the Company at https://www.rssoftware.com/rswordpress/wp-content/uploads/2023/05/ Related-Party-Transaction-Policy.pdf.

Pursuant to the provisions of the Companies Act, 2013 read with Schedule and SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and applicable SEBI Circulars issued from time to time, an Annual Performance evaluation is to be made by the Board of its own performance and that of the Committees and individual Directors. The exercise was carried out covering various aspects of the Boards functioning such as composition of the Board & committees, qualification, experience & competencies, performance of specific duties & obligations, governance issues etc. Separate exercise was carried out to evaluate the performance of Non-Independent Directors.

The Independent Directors reviewed the performance of the Chairperson, Non-Independent Directors and the Board as a whole, taking into account the views of the Executive and Non-Executive Directors. The Board also assessed the performance of the Independent Directors based on the guidelines as provided under Schedule IV of the Act. In terms of SEBI Listing Regulations, 2015 the company has identified the list of core skills/ expertise/competencies as is required in the context of company?s business and sector for it to function effectively and those which are available with the Board.

The evaluation of the Independent Directors was carried out by the entire Board except by the Director being evaluated. The directors were satisfied with the evaluation results, which reflected the overall engagement of the Board and its Committees with the Company.

In terms of Regulation 25(7) of SEBI Listing Regulations, 2015, your Company endeavours to familiarize the Independent Directors (IDs) about your Company including nature of industry in which your Company operates business model of your Company, roles, rights and responsibilities of IDs and any other relevant information.

In addition to the above, the Board of Directors are continuously encouraged to participate in various external training sessions to ensure that the Board members are kept up to date. The details are uploaded on the website of the company at https://www.rssoftware.com/uploads/faqfiles/ FamiliarizationProgrammeDirectors.pdf.

The Company has adopted the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information and Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and Immediate Relatives of Designated Persons In terms of Regulation 8 and 9 of SEBI (Prohibition of Insider Trading) Regulations, 2015 as amended from time to time (the "Regulations").

The Board is responsible for implementation of the Code.

All Board of Directors and the designated employees have confirmed compliance with the applicable Code during the financial year.

The Corporate Governance which form an integral part of this Report as "Annexure G", together with the Certificate from the Practicing Company Secretary regarding compliance with the requirements of Corporate Governance as stipulated in Regulation 34(3) read with Schedule V of the SEBI Listing Regulations, 2015.

Your Company is committed to provide and promote safe, healthy, and congenial atmosphere irrespective of gender, caste, creed or social class of the employees. Your company has complied with provisions relating to the constitution of Internal Complaints Committee and has put in place a "Policy on Prevention of Sexual Harassment" as per The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

The Company hereby declares that it has complied with provisions relating to the constitution of Internal Complaints Committee of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. During the financial year under review, the Company has complied with all the provisions of the POSH Act and the rules framed thereunder. Further details are as follows :

In terms of provisions of Section 134(5) of the Companies Act, 2013, your Board of Directors confirms that:

(i) In the preparation of the annual accounts for the financial year ended 31st March 2026, the applicable accounting standards had been followed along with proper explanation relating to material departures;

(ii) they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the company for that period; (iii) They have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(iv) They have prepared the annual accounts for the financial year ended 31st March, 2026 on a going concern basis;

(v) They have laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively; (vi) They have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

There were no applications made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 during the year.

There was no one-time settlement made during the year, therefore the disclosures of the details of difference between amount of the valuation done at the time of one -time settlement and the valuation done while taking loan from the Banks or Financial Institutions is not applicable.

Your Company has complied with all applicable provisions of the Secretarial Standards issued by The Institute of Company Secretaries of India (ICSI) on Board Meetings and General Meetings under section 118(10) of the act.

The company affirms that is has been in line with the requirement of the provisions of the Maternity Benefit Act, 1961.

In line with the amended disclosure framework, the gender-wise headcount of employees as on 31.03.2026 is as under:"

Your Directors? place on records their deep appreciation of the continued assistance and co-operation extended to the Company by its customers, investors, bankers, Government agencies and its dedicated group of employees. Above all, the Board expresses a deep sense of gratitude to the Members of the Company who have reposed faith in their Board and the Management.