Your Board of Directors is pleased to share with you the 37th Annual Report ("Report") of SUPREME PETROCHEM LTD ("the Company") along with its Standalone and Consolidated Audited Financial Statements for the Financial Year (F.Y.) ended March 31, 2026. The Standalone and Consolidated Financial Statements are prepared in accordance with the applicable provisions of the Companies Act, 2013 (the "Act"), Indian Accounting Standards (Ind AS) and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations").

During the year under review, the Directors of the Company declared an interim dividend of Rs.2.50 per share for F.Y 2025-26 involving an outflow of Rs.4701.03 Lakhs.

Directors have further recommended a final dividend of Rs.8/- per share for F.Y. 2025-26 involving an outflow of Rs.15043.31 Lakhs subject to approval of members at the ensuing Annual General Meeting of the Company. Accordingly the payment ratio for dividend is about 60.32% of the net profit for the year.

Pursuant to the provisions of Regulation 43A(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), the Board of Directors of the Company formulated a Dividend Distribution Policy which is available on the website of the Company at URL: https://surl.li/alsvis.

Company's net revenue stood at Rs.538168.59 Lakhs for the F.Y. 2025-26 as compared to Rs.609653.82 Lakhs in the previous fiscal. Company earned a net profit of Rs.32730.74 Lakhs during the reporting year as against Rs.39052.48 Lakhs in the previous fiscal.

Company's volume of manufactured products including exports saw a nominal increase of 2% during the year to 363201 MT. Domestic volume increased by 1.6% whereas exports increased by 5.4% during the year. Volume growth was low during the year due to unseasonal rains and milder summer resulting in weak demand for cooling appliances viz. air conditioners and refrigerators. Volume growth was also impacted due to increased imports during the year as compared to previous year and negligible exports in March 2026 due to ongoing West Asia War. The sales volume increased by 2% but the sales revenue was lower compared to previous year since the prices of Styrene Monomer, the main raw material, dropped by about 17% on an annual average basis as compared to previous year.

Management Discussion and Analysis Report as required in terms of Regulation 34(2)(e) of the Listing Regulations is annexed separately forming integral part of the Board's Report.

Corporate Governance Report of the Company for the year under review is annexed to the Annual Report separately forming its integral part. The certificates issued by M/s Parikh & Associates, practicing Company Secretaries, pertaining to compliances of applicable conditions of 'Corporate Governance' by Company and no debarment or disqualification of any Director of the Company by SEBI / MCA or any other Statutory Authority, from being appointed or continuing as Director of the Company, are annexed to the Corporate Governance Report vide Annexure - A & B respectively.

Pursuant to Regulation 34(2)(f) of Listing Regulations, Business Responsibility and Sustainability Report (BRSR) alongwith BRSR Core Assurance Report of the Company for the year under review regarding initiatives taken by Company in terms of environment, social and governance perspectives and assurance of the BRSR specified parameters, are annexed separately forming integral part of the Annual Report.

In line with the recent regulatory developments, the Company has complied with the applicable requirements relating to BRSR core which comprises a set of key performance indicators (KPIs) focusing on critical ESG attributes, such as greenhouse gas emissions, energy consumption, water management, waste generation, employee well-being, gender diversity and business ethics etc.

Company has adopted CSR policy on the basis of which CSR activities are carried out and implemented in the areas such as education, health & hygiene, support to paraplegic centre and old age home, preventive health care, youth skill development, sports, rural development, promotion of circular economy including recycling of postconsumer waste of EPS and PS etc.

Company is committed to contribute to economic development while improving the quality of life of the local community including those living around the plants of Company in Maharashtra and Tamil Nadu.

A brief outline of the Corporate Social Responsibility (CSR) Policy of the Company, CSR activities undertaken during the year, in the format prescribed under Companies (CSR Policy) Rules, 2014, are set out in Annexure-4 of this report. Company's CSR Policy is available on the Company's website at URL: https://surli.cc/sbvhtt

The Company, during F.Y. 2025-26, was required to spend an amount of Rs.1042.82 Lakhs towards its CSR obligations. Out of the said amount, an amount of Rs.347.49 Lakhs relating to ongoing projects lying unutilized shall be transferred to a separate designated bank account for spending on the respective CSR projects of the Company during next 3 years. With this said bank deposit, total CSR spending of the Company stands at Rs.1163.13 Lakhs during F. Y 2025- 26 as against the obligatory amount for CSR Rs.1042.82 Lakhs. The excess CSR spent amount of Rs.120.31 Lakhs shall be set off by Company during current fiscal 2026-27.

The amount required to be spent by Company for CSR activities during F.Y. 2026-27, as per Section 135 of the Act, amounts to around Rs.923 Lakhs. Net of excess monies spent in the previous year Company is obliged to spend Rs.800.21 Lakhs on CSR activities during the year.

In compliance with the rule 8(3) of the Companies (CSR) Policy Rules, 2014, the Company has carried out impact assessments for its two eligible CSR projects meeting the thresholds viz (i) 11 Anganwadi buildings at District Raigad (ii) 10 Anganwadi Buildings at Raigad District, through an independent external agency, viz CSRBOX. The assessment covered evaluation of the effectiveness, sustainability and long-term impact of such projects on the targeted beneficiaries.

The detailed impact assessment reports of both the said CSR projects are available at the link URL: https://shorturl. at/T0m19 and https://shorturl.at/xYiM1.

The Company considers CSR as a part of its corporate philosophy and strives at its best to ensure that the amounts are adequately spent to ensure CSR compliance in true spirit.

Shri M.P. Taparia (DIN 00112461) Non-Executive Non-Independent Promoter Director and Shri S.J. Taparia (DIN 00112513), Non-Executive Non-Independent Director of the Company will retire by rotation at its ensuing Annual General Meeting (AGM) and being eligible, have offered themselves for re-appointment in their existing capacity. The Board recommends their re-appointment.

During the reporting year, Shri B.L. Taparia (DIN 00112438) ceased to be the Director of the Company due to his demise on January 30, 2026.

The Board of Directors expresses its profound grief and places on record its deep appreciation for the outstanding contribution, visionary approach and invaluable guidance provided by him during his association with the Company.

Shri N. Gopal whose term as Manager of the Company ended on March 31, 2026 has been re-appointed by the Board of Directors on the recommendation of Nomination and Remuneration Committee for a further period of three years w.e.f. April 01, 2026 to March 31, 2029 subject to the approval of the Members in ensuing Annual General Meeting. The Board recommends this re-appointment.

Company has a well-defined system/criterion for evaluation of performance of the Board as a whole and its Committees, Independent Director(s), Non-Independent Director(s) and Chairperson of the Company, as formulated by its Nomination & Remuneration Committee (NRC).

Pursuant to the provisions of Section 178(2) of the Act and Regulation 17(10) of Listing Regulations, the Board has carried out annual evaluation of the performance of each Committees of the Board and they also carried out performance evaluation of all the Independent Directors of the Company individually and found the performance of all the lndependent Directors and Committees fairly well. They also noted that all the Independent Directors of the Company are fulfilling the criteria of their independence as per the provisions of Section 149(6) of the Act and Regulation 16(1)(b) of Listing Regulations and remain independent of the Management. The Directors of the

Company do not bear any debarment/ disqualification with respect to their continuance in the Directorship of the Company or their re-appointment considering the disclosures submitted by them to the Company. The Director(s) being evaluated did not participate in the evaluation process and recused themselves from the proceedings of the meeting during such period.

In terms of the aforesaid provisions of the Act and Regulation 25(4) of Listing Regulations, the Independent Directors carried out the annual evaluation of Non-Independent Directors, Whole Time Director and the Board of Directors as a whole. They were unanimous in their view that the performance of all the Non-Independent Directors and Whole Time Director were upto the mark and they also noted with appreciation that the Board of the Company is diversified and inclusive and performed excellently.

The Independent Directors also carried out the evaluation of performance of the Chairperson and noted that his vision was commendable and his business strategy was tremendously beneficial to the Company. They were highly appreciative of his proficient leadership and direction as well as the ability to take along all the stakeholders. They also appreciated him for his remarkable competence in dealing with the volatile business environment led by ongoing geo-political turbulence and West Asia conflicts including formulation of key policies/strategies for ensuring constant growth of the Company including managing its overall affairs/operations adroitly while maintaining the values, ethos, principles and standards of Corporate Governance in the Company.

The Board expressed its full satisfaction with the evaluation results reflecting the high level of engagement of the Board and its Committees in managing the overall affairs of the Company and its Management efficiently. The Independent Directors also acknowledged and appreciated the adequate and timely flow of the information to the Board and various committees and overall conduct of the meetings.

The Criteria for evaluation of Independent Directors is disclosed in the Corporate Governance Report annexed to the Annual Report separately forming its integral part.

The criteria/policies of the Company regarding selection of Directors and Remuneration of Directors/Key Managerial Personnel (KMPs) /Senior Management Personnel (SMPs) and other employees of the Company including the factors for determining qualifications and positive attributes, are annexed to the Board Report vide Annexure 1.

Pursuant to the provisions of Regulation 25(7) of Listing Regulations, the details of the Familiarization Programmes conducted for Independent Directors during the reporting year is placed on the website of the Company at URL : https://shorturl.at/hu5lB

As required under Rule 8(1) of the Companies (Accounts) Rules, 2014, the Board's Report has been prepared on a Standalone basis. Pursuant to the requirement of Section 136 of the Act, which has exempted companies from attaching the financial statements of the subsidiary company along with the Annual Report of the Company, Company will make available the Annual Financial Statements of subsidiary company and the related detailed information to any Member of the Company on receipt of a written request from them at its Registered Office.

The Annual Financial Statement of subsidiary company, Xmold Polymers Pvt. Ltd. will also be kept open for inspection at the Registered Office of the Company on any working day during business hours. These are also available on the website of your Company at www.supremepetrochem.com.

The Consolidated Financial Statements of the Company along with its subsidiary, are separately annexed forming integral part of the Annual Report.

Pursuant to the provisions of Section 149 of the Act, the Independent Directors have submitted declarations that each of them meet the criteria of independence as provided under Section 149(6) of the Act, along with Rules framed thereunder and Regulation 16(1)(b) of Listing Regulations and their names are duly recorded in the Independent Directors' data bank. There has been no change in the circumstances affecting their status as Independent Directors of the Company.

In terms of Regulation 25(8) of Listing Regulations, Independent Directors have confirmed that they are not aware of any circumstance or situation which exists or may be reasonably anticipated that could impair or impact their ability to discharge their duties in an independent manner.

In the opinion of the Board, the Independent Directors of Company possess appropriate balance of skills, experience and knowledge required for conducting its affairs proficiently and are independent of the management.

Based on the framework of internal financial controls and compliance systems established and maintained by the Company and audits conducted by the Internal Auditor/ Statutory Auditor/Cost Auditor and Secretarial Auditor including audit of internal controls mechanism over financial reporting by the Statutory Auditor and the reviews conducted by the Management and the Audit Committee, the Board is of the opinion that the Company's internal financial controls were adequate, effective and duly operating during F.Y. 2025-26.

Pursuant to the provisions of Section 134(5) of the Act, the Board of Directors, to the best of their knowledge and ability, confirm having:

a. Followed the applicable accounting standards in the preparation of the standalone and consolidated annual accounts/financial statements of the Company for the F.Y ended March 31, 2026, and there are no material departures from the applicable accounting standards.

b. 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 for the F.Y. ended March 31, 2026 and of the profit and loss of the Company for that period;

c. taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

d. prepared the annual accounts on a going concern basis.

e. Laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively during the year under review.

f. devised proper systems to ensure compliance with the provisions of all laws applicable to the Company and such system are adequate and operating effectively.

The disclosures w.r.t. remuneration of Directors, Senior Management Employees, Key Managerial Personnel and other details as required under Section 197(12) of the Act, read with Rules 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and also having regard to the second proviso to Section 136(1) of the Act and as advised, the Annual Report excluding the aforesaid information(s) is being sent to the members of the Company. Statement showing the names and other requisite particulars of such employees drawing remuneration in excess of the threshold limits set out in the aforesaid rules and other details are available for inspection at the Registered Office of the Company during working hours for a period of 21 days before the date of AGM and any member interested in obtaining such information may write to the Company Secretary and the same will be furnished on request.

The Annual Report of the Company is also available on its website at https:/ /www.supremepetrochem.com.

Disclosures pertaining to remuneration and other details as required under Section 197(12) of the Act, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 for the F.Y. 2025-26 are stated as following:

(i) The ratio of the remuneration of Whole Time Director to the median remuneration of the employees of the Company :

(ii) The percentage increase in remuneration of Manager, CFO, Whole Time Director and Company Secretary:

(v) The Key parameters for the variable component of remuneration payable to the Whole Time Director is dependent on performance of Company.

(vi) The average percentage increase in the salaries of employees other than the Managerial Personnel was 12.12% as compared to the average increase of 6.94% in the Managerial Personnel Remuneration.

(vii) The Company affirms that the said remuneration is as per the Remuneration Policy of the Company.

Company places foremost importance on the health and safety of its workforce and is part of its core values. All requirements under applicable laws and regulations are fully complied with by the Company. Considering the significance of Health, Safety and Environment to any petrochemical operations, the Company has established a robust HSE system at both of its plants situated at Amdoshi, Maharashtra and Manali, Chennai - Tamil Nadu.

Both the Environmental Management System and Occupational Health and Safety Management System continued to be maintained by the Company as per the ISO 14001:2015 Standard and ISO 45001:2018 Standard respectively. Additionally, Company has approval under ISO 9001:2015 Standard for Quality Management System.

Company continues to implement the HSE Management Systems under the Guiding Principles of the declared Integrated Management System (IMS) policy (Occupational Health and Safety Policy' and 'Environmental Policy).

HSE Performance Index for the period under review stood to be in "Excellent" Range.

SPL Amdoshi Plant has completed 9295 accident-free days as on March 31st, 2026 (24.60 million man-hours) of accident-free operations.

SPL Manali Plant has completed 6869 accident-free days as on March 31st, 2026, (4.4 million man-hours) of accident-free operations.

Information(s) required pursuant to the provisions of Section 134(3)(m) of the Act, read with Rule 8(3) of the Companies (Accounts) Rules, 2014, are stated as hereunder:

The Energy Conservation schemes undertaken during the financial Year 2025-26 by the company resulted in savings of energy to the extent of 1,54,284 KWH. This is in addition to the energy conservation achieved through various schemes implemented during previous years.

The energy conservation schemes mainly comprised of the following initiatives: -

(i) Replacement of underperforming equipment with new efficient equipment.

(ii) Replacement of conventional motors in plant with energy efficient motors.

(iii) Replacement of conventional lighting fixtures across the plant with energy efficient LED lighting systems.

(a) All the previously supplied technologies have been fully absorbed by Company.

(b) Import of new technology:

(c) The expenditure incurred on research and development: NIL

The capital investment on energy schemes items/ equipment during F.Y 2025-26 amounted to Rs.65.10 Lakhs.

Pursuant to the provisions of Section 124(5) of the Act, the dividends lying unclaimed/unpaid with the Company consecutively for a period of seven years or more, are required to be transferred by the Company to the Investor Education and Protection Fund (IEPF) established by the Central Government. Company transferred an aggregate amount of Rs.60.13 Lakhs during the reporting year to the IEPF Account. The aggregate amount transferred to the fund since January 2002 stands at Rs.805.88 Lakhs.

Further Section 124(6) of the Act requires that all shares, in respect of which unpaid/unclaimed dividends have been transferred to IEPF, shall also be transferred to IEPF. In view of such provisions, Company transferred 154481 equity shares belonging to 534 shareholders during the year to the IEPF Account.

The unclaimed dividends on equity shares paid in the year 2019 will be due for transfer to IEPF in the year 2026. Investors who have not yet claimed these dividends are requested to contact the Company or the RTA of the Company for any support required in this regard. The full details of unclaimed dividends in the year 2019 will be uploaded on the website of the Company at URL: https://shorturl.at/tygMc. Members are requested to complete requisite formalities for claiming their unpaid dividend(s) with Company, if any, to avoid transfer of such shares to IEPF.

Pursuant to the provisions of the Act and the Rules made thereunder, M/s Kalyaniwalla & Mistry LLP (Firm Registration No. 104607W/W100166) were appointed as Statutory Auditors of your Company in the Annual General Meeting (AGM) held on July 04, 2023, for a tenure of 5 years commencing from conclusion of the 34th AGM of the Company until the conclusion of the 39th AGM of the Company to be held in the year 2028. During the year, the Statutory Auditors have confirmed that they satisfy the independence criteria required under the Act.

During the reporting year, the audit report issued by the Statutory Auditors is self-explanatory and is devoid of any qualification, reservation, adverse remark or disclaimer and no fraud was noticed by the Auditors of the Company during F.Y. 2025-26 which is reportable to Central Government under Section 143(12) of the Act.

Company prepares and maintains its cost records as required under Section 148(1) of the Act. For audit of cost records pursuant to Section 148 of the Companies Act 2013, the Board of Directors, based on the recommendation of the Audit Committee and upon receipt of their consent to act as Cost Auditors and their confirmation regarding the appointment being in accordance with Section 148 of the Act has appointed M/s Kishore Bhatia & Associates, a firm of practicing Cost and Management Accountants (Registration No.00294), as the Cost Auditor of the Company to conduct audit of its cost records in terms of Companies (Cost Records and Audit) Rules, 2014 for the financial year ending March 31, 2027.

The Board, on recommendation of the Audit Committee, has approved the remuneration payable to the Cost Auditors, subject to ratification of their remuneration by the Members at the ensuing AGM. The respective resolution is being placed before the Members in the ensuing AGM to seek their approval regarding the same.

Pursuant to the provisions of Section 204 of the Act and Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and latest amended provisions of Regulation 24A of Listing Regulations, the Board of Directors appointed M/s Parikh & Associates, a firm of Practicing Company Secretaries (Registration No. P1988MH009800), as Secretarial Auditor of the Company to conduct its Secretarial Audit for a tenure of 5 years commencing from F.Y. 2025-26 until F.Y. 2029- 30. The Secretarial Audit Report issued by the Secretarial Auditor of the Company in Form MR-3 for the F.Y. 2025-26 is annexed to this report vide Annexure - 2 forming integral part thereof. The said Secretarial Audit Report does not contain any qualification, reservation, adverse remark or disclaimer.

Transaction(s) with related parties (RPTs) during the year under review were in consonance with the provisions of Regulation 23(1) of Listing Regulations and Section 188 of the Act. These transactions were in the ordinary course of business and on an arm's length basis. During the reporting year, Company did not enter into any material contract or arrangement with the related parties in terms of Listing Regulations and Company's Policy on materiality of Related Party Transactions.

The requisite information w.r.t. materiaI RPTs and the RPTs which are not at arm's length basis during F.Y. 2025-26 is annexed to the Board Report in Form AOC-2 vide Annexure 3, having NIL report since no such transaction took place in the Company during the reporting period.

Pursuant to the requirements of the Act and the Listing Regulations, the Company has formulated a policy on RPTs and is available on Company's website at URL: https://surl.li/bgepuv

In terms of Regulation 21 of Listing Regulations, the Company has constituted a Risk Management Committee to consider the probable risk(s), related to the affairs/ operations of the Company and to frame, implement and monitor the risk management plans associated therewith and review the same to ensure its effectiveness. Risk Management Committee met two times during the reporting year to review the risks associated with the operations of the Company.

Each risk factor is monitored periodically by the Management and any risk-associated event arising from these factors which are likely to impact the operations

of the Company significantly are reported to the Risk Management Committee and the Board. The risk management framework is aimed at efficiently mitigating the Company's various business and operational risk through strategic actions/ plannings.

During the year under review, Management has not come across any elements of risk which can threaten the existence of the Company or disrupt/impact its business operations significantly. The details of Risk Management Committee are mentioned in the Corporate Governance Report annexed separately to the Annual Report forming its integral part.

All the Committees of the Board are duly constituted in terms of the applicable provisions of the 'Act' and Listing Regulations and focus on the specific areas/functions entrusted to them vide Schedule II of Listing Regulations and other Provisions as applicable to the Company. They make informed decisions in line with the delegated authority. The following Committees have been constituted by the Board, which function according to their respective roles and defined scopes, as determined by the Board in sync with the legal framework mandated thereto.

• Audit Committee

• Stakeholders' Relationship Committee

• Nomination and Remuneration Committee

• Corporate Social Responsibility Committee

• Risk Management Committee

• Finance Committee

• Project Committee

• Governance Oversight Committee

Details of composition, terms of reference and number of meetings held for respective committees are given in the Corporate Governance Report annexed separately to the Annual Report forming its integral part. Further, during the reporting year, recommendations (if any) made by the aforesaid committees have been accepted by the Board.

The number of meetings of the Board and its various committees including their composition are set out in the Corporate Governance Report which forms integral part of this report. The intervening gaps between the meetings were within the period as stipulated under the respective provisions of the Act and Listing Regulations.

Company has adequate internal financial control system in place commensurating to its size, scale, complexity and

the nature of business with an objective to ensure that its financial and operational information are duly recorded, authorised and duly reported. These controls have been designed to provide a reasonable assurance with regard to maintaining of proper accounting controls, monitoring of operations, protecting assets from unauthorized use or losses, compliance with regulations and for ensuring reliability of financial reporting. The Company has continued its efforts to align all its processes and controls with good corporate practices.

The Company's auditors conduct regular checks on the adequacy of the internal financial controls and has not come out with any material or serious observations(s) for inefficiency or inadequacy of such controls. The Internal audit system is reviewed periodically to ensure its adequacy and compliances in conformity with the policies of the Company and its operating system.

The Internal Audit Reports of the Company are submitted periodically to the Audit Committee. The Audit Committee Members review these reports. The Audit Committee of the Board of Directors, comprising of at least 2/3rd of its members as 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 and discuss with the Executive Management, wherever required and requisite corrective actions are taken up by its process owner(s) in their respective functional areas, thereby strengthening the overall financial controls.

The Company, during the reporting year, has complied with the applicable provisions of mandatory Secretarial Standards, SS-1 and SS-2 issued by the Institute of Company Secretaries of India.

CRISIL has assigned to the Company following ratings related to its banking facilities:

India Ratings and Research (Ind-Ra) has assigned following instrument-wise rating actions:

The Company's existing paid-up share capital is Rs.37,60,82,684/- (Rupees Thirty-Seven Crores Sixty Lakhs Eighty Two Thousand Six Hundred and Eighty Four) divided into 18,80,41,342 (Eighteen Crores Eighty Lakhs Forty One Thousand Three Hundred Forty Two) fully paid- up equity shares having nominal value of Rs.2/- (two) per share.

The Company does not have any joint venture or associate entity with operational controls as at the end of March 31, 2026 in terms of the rules/regulations applicable to the Company. During the reporting year, the Company has acquired 80% equity stake of Xmold Polymers Pvt. Ltd., Tamil Nadu. Consequently this entity has become subsidiary of the Company.

In terms of Section 186 of the Act, the detail of loans, guarantees or investments made by the Company during F.Y 2025-26 are given below:

A. Loans & Guarantees - NIL

B. Investment - The Company has acquired Xmold Polymers Pvt. Ltd., Tamil Nadu by way of acquiring 80% equity shares from its promoters/shareholders for a total consideration/investment of Rs.3141.60 Lakhs.

Pursuant to Section 177(9) of the Act and Regulation 22(1) of Listing Regulations, Company has formulated a Whistle Blower/Vigil Mechanism Policy and has also established effective mechanism thereto for the Stakeholders including its Employees & Directors and provides them a channel to report their genuine concern, if any, to the Management of the Company regarding any unethical behaviour, actual or suspected fraud, mismanagement or violation of code of conduct or policy of the Company. The mechanism provides for adequate protection against victimization of the whistle blower and provides for direct access to the Chairperson of the Audit Committee in exceptional cases.

The policy of vigil mechanism is available on the Company's website at URL: https://surl.li/tlqfyo

Company has in place a Code of Conduct for prohibition of Insider Trading, which stipulates the process of trading in the securities of the Company by the persons having direct or indirect access to its Unpublished Price Sensitive Information(s) (UPSIs) including the designated persons. The said code aims to regulate, monitor and report the trading in the securities of the Company by the insiders as per extant regulations applicable to the Company. The said Code of Conduct is available at the website of the Company at URL: https://surl.lu/mwdxll

With a view to protecting the confidentiality of UPSIs of the Company in terms of SEBI (PIT) Regulations, 2015, Company has put in place requisite Structured Digital Database (SDD) system for enabling communication of UPSI by the Designated Persons (DPs) and Fiduciaries of the Company in due manner, who handle UPSIs of the Company.

The Company has suitably laid down the Code of Conduct for all Board members and Senior Management Personnel (SMPs) of the Company who have affirmed their compliances regarding same through declarations submitted with the Company.

(a) The Company has zero tolerance for sexual harassment at workplace and it offers equal opportunity and at the same time remains committed for creating a healthy working environment that enables the employees to work without fear of prejudice, gender bias and sexual harassment and has formulated a Policy thereto in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (POSH) and Rules framed thereunder.

Company has formed an Internal Committee (IC) comprised of internal and external members to hear, inquire, investigate and suitably address the matter of complaints of sexual harassment, if any, and to recommend punitive /corrective action to the Management. Easy access has been provided to the IC for woman employees of the Company. During F.Y. 2025-26, the Company has not received any complaint on sexual harassment in terms of the POSH Provisions as applicable. No complaints were pending at the end of F.Y. 2025-26.

The Company has been conducting induction/refresher programme for the employees of the Company on periodical basis to create awareness in this area. The Company is registered on the "SheBox" portal also, being an initiative of the Government, for expeditious resolution of the grievances of the aggrieved person(s), if any.

(b) Maternity benefits

In compliance with the notification dated May 30, 2025 issued by Ministry of Corporate Affairs, the Company has formulated requisite policy in this regard. The Company received application from an employee for availing maternity benefit during the reporting period, which was duly granted by the Company in line with its policies.

Pursuant to the provisions of Section 134(3)(a) and Section 92(3) of the Act read with Rule 12 of the Companies (Management and Administration) Rules, 2014, the Annual Return of the Company for F. Y 2025-26 is uploaded on the website of the Company and the same is available at URL: https://shorturl.at/Lw6zo

The company has following accreditations:

1. ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environment Management System) and ISO 45001:2018 (Occupational Health and Safety Management System) certified from Bureau Veritas and valid up to 09.04.2027.

2. Authorized Economic Operator Certificate (AEO) under T3 category by Central Board of Indirect Taxes & Customs, for its import and exports, valid upto 05.03.2030.

3. Recognized as Three Star Export House by Ministry of Commerce and Industry (DGFT), valid till 31.03.2028.

There are no material changes and commitments affecting the financial position of the Company subsequent to the close of the F.Y. 2025-26 till the date of this Report.

(A) No disclosure or reporting is required by Company with respect to following activities since no transaction took place in this respect during the reporting year.

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

ii. Issue of shares (including sweat equity shares) to employees of the Company under any Scheme.

iii. Details relating to public deposits covered under Chapter V of the Act.

(B) No significant or material orders were passed by the Regulators or Courts or Tribunals against the Company or its Directors which may impact its going concern status or its future operations in any manner.

(C) There has been no change in the nature of business of the Company.

(D) No term loan was availed/ utilised by Company as on March 31, 2026.

(E) No proceedings are made or pending under the Insolvency and Bankruptcy code related to the Company.

(F) Other Disclosures: The details of Directorship, meetings held and committee membership of the Directors of the Company are stated in the Corporate Governance Report annexed separately to the Annual Report forming its integral part.

The Directors wish to convey their deep appreciation to all the employees of the Company for their hard work, dedication, commitment and contributions made towards smoothly conducting its overall affairs.

The enthusiasm and unwavering efforts of the employees of company have enabled the Company to maintain its leadership position in PS/EPS segment. The Directors would also like to thank all the stakeholders of the Company including its Members, Customers, Suppliers, Bankers, Government Agencies including Stock Exchanges and all other Business Associates for their consistent support and cooperation to the Company and reposing their full trust in its management.