Dear Shareholders,

On behalf of the Board of Directors, it is our pleasure to present the 50th Annual Report together with the Audited Annual Statement of Accounts of M/s Standard Shoe Sole and Mould (India) Ltd. (“the Company”) for the year ended March 31, 2026.

The summarized standalone results of your Company are given in the table below:

*previous year figures have been regrouped/rearranged wherever necessary.

During the year under review, the Company had not allotted any Equity Shares on rights/ preferential/ private placement basis.

The Company had also not allotted any Preference Shares/ Debentures.

As on 31st March, 2026, the issued, subscribed and paid-up share capital of your Company stood at Rs.5,18,15,000 /- comprising 51,81,500 Equity shares of Rs.10/- each.

During the year under review, the Company did not undertake any share buybacks, issue shares with differential voting rights, issue Sweat Equity Shares or implement any Stock Option Scheme for its employees.

The Company does not propose to transfer any amount to Reserves.

The Directors have not recommended any dividend for the Financial Year 2025-26.

The Company's Revenue from operations in the Financial Year 2025-26 was NIL same as in the previous Financial Year 2024-25. The Company had incurred Loss of Rs. 11,61,154 in the Financial Year 2025-26 as compared to the Loss of Rs. 18,56,021 in the previous Financial Year 2024-2025.

The Company did not have any funds lying unpaid or unclaimed for a period of seven years. Therefore, there were no funds which were required to be transferred to Investor Education and Protection Fund (IEPF).

In terms of Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, a detailed “Management Discussion & Analysis Report” comprising an overview of the financial results, operations / performance and the future prospects of the Company is appended to this Report and marked as “Annexure- I”.

Pursuant to section 92(3) of the Companies Act, 2013 (the Act') and rule 12(1) of the Companies (Management and Administration) Rules, 2014, extract of annual return in the Form MGT - 7 is available on the website of the Company at www.sssmil.com.

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 the report.

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.

The Company has not provided any loan to any person or body corporate or given any guarantee or provided security in connection with such loan or made any investment in the securities of any body corporate pursuant to Section 186 of the Companies Act, 2013.

Throughout the year under review, all Related Party Transactions were conducted in the ordinary course of business and at arm's length. Each such transactions were pre-approved by the Audit Committee. None of these transactions were deemed material or subject to Section 188(1) of the Companies Act.

All required disclosures under Ind AS 24 are included in the Notes to the Financial Statements for the year ended March 31, 2026.

The Company has not invited, accepted or renewed any fixed deposits from the public as at 31st March, 2026 and accordingly there is no principal or interest outstanding in respect thereof.

During the period under review, the Company obtained loan from Ms. Shanti Tunk, Director of the Company amounting to Rs. 14,05,000 (Fourteen Lakhs Five Thousand only).

Pursuant to Section 180(1)(c) of the Companies Act, 2013, the Board of Directors of a Company is empowered to borrow money, provided that the money to be borrowed, together with the money already borrowed by the Company, does not exceed the aggregate of its paid-up share capital, free reserves, and securities premium, except with the consent of the Company by a special resolution passed in a general meeting.

In line with the above mentioned provision, the Company obtained Shareholders ' approval by Special Resolution in its 49th Annual General Meeting.

The internal financial controls with reference to the Financial Statements are commensurate with the size and nature of business of the Company. The Company has established adequate internal financial control systems to ensure reliable financial reporting and compliance with laws and regulations. All resources are put to optimal use and adequately protected against any loss. All transactions are authorized, recorded and reported correctly. Policies and guidelines of your Company are being adhered to and improvements in process efficiencies and effectiveness are being carried out on an ongoing basis. For more details, please refer to the Management Discussion & Analysis Report forming part of this Annual Report.

The matter related to Corporate Governance is not applicable to your Company as the Paid-up Share Capital of the Company is below Rs. 10 Crore and the Net worth of the Company is below Rs. 25 Crores as on the last day of the previous Financial Year as well as on date of the report.

This provision is contained in Regulation 15 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015.

a) Conservation of energy: During the year, there was no consumption of power and energy.

b) Technology absorption: During the year, there was no absorption of technology.

c) Foreign exchange earnings and Outgo: During the year, there were no foreign exchange earnings and outgo.

The Company is not a Holding Company or Subsidiary to any other Company.

Statutory Audit:

S. Daga & Co., Chartered Accountants, (Firm Regn No.: 000669S), was appointed as Statutory Auditors of the Company for a period of 5(five) years from the conclusion of the 48th AGM till the conclusion of the 53rd AGM of the Company in the 48th Annual General Meeting of the Company.

The report of the Statutory Auditors along with notes to Schedules for the Financial Year 2025-26 is enclosed to this Report. The observations made in the Auditors' Report are self-explanatory and therefore do not call for any further comments.

Internal Auditor:

As recommended by the Audit Committee, the Board of Directors had appointed Aniket & Co., Chartered Accountants, as Internal Auditors of the Company for the Financial Year 2025-26 to conduct internal audit of the Company and their report on findings is submitted to the Audit Committee on periodic basis.

Cost Audit:

As per the Cost Audit Orders, Cost Audit is not applicable to the Company's products/ business of the Company for the Financial Year 2025-26.

Secretarial audit:

In terms of the provisions of Section 204 of the Companies Act, 2013 read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, Mr. Madhur Gandhi, Practicing Company Secretary of Madhur Gandhi & Associates, Company Secretaries was appointed as Secretarial Auditor of the Company for a period of 5(five) consecutive years commencing from the conclusion of 49th Annual General Meeting till the conclusion of 54th Annual General Meeting to conduct Secretarial Audit and issue Secretarial Audit Report. The Report of the Secretarial Auditor issued by Mr. Madhur Gandhi in Form MR-3 is appended to this Report.

Pursuant to the provisions of Section 134 of the Companies Act, 2013, your Directors to the best of their knowledge and belief, hereby confirm that:

(a) in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

(b) they had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the loss of the company for that period;

(c) they had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of Companies Act, 2013 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(d) they had prepared the annual accounts on a going concern basis;

(e) they had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively; and

(f) they had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

As per section 135 of the Companies Act, 2013, every company having net worth of rupees five hundred crores or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crores or more during any financial year shall constitute a Corporate Social Responsibility Committee of the Board consisting of three or more directors, out of which at least one director shall be an independent Director and shall also spend at least 2% of the average net profits before tax made during the three immediately preceding financial years in pursuance of its Corporate Social Responsibility Policy.

Since the criteria set out in Section 135 of the Companies Act, 2013 is not applicable to your Company; no sum was spent on CSR during the Financial Year 2025-26.

The Company's Board is duly constituted and is in compliance with the requirements of the Companies Act, 2013, the Listing Regulations and provisions of the Articles of association of the Company.

• Appointment/Re -appointment:

During the period under review, there were no instances of appointment/re-appointment of Directors.

• Cessation/Resignation:

During the period under review, there were no instances of cessation/resignation of Directors.

• Retirement by Rotation:

Pursuant to Section 152 of the Companies Act, 2013, at least two-third of the total number of Directors (excluding independent directors) shall be liable to retire by rotation.

The Independent Directors hold office for a fixed term of not exceeding five years from the date of their appointment and are not liable to retire by rotation.

Accordingly, Mr. Rakesh Kolla (DIN: 09785871), Whole-time Director, liable to retire by rotation, retires from the Board this year and, being eligible, has offered himself for re- appointment.

The brief resume and other details relating to Mr. Rakesh Kolla who is proposed to be re- appointed, as required to be disclosed under Regulation 36(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is incorporated in the annexure to the notice calling ensuing Annual General Meeting.

• Ms. Nandhi Sowmya, Chief Financial Officer of the Company tendered her resignation from the post of Chief Financial Officer w.e.f 20th November 2025.

• Ms. Mothe Rani was appointed as the Chief Financial Officer of the Company w.e.f 6th December 2025.

During the year, seven Board meetings were held, details of which are given below:

Pursuant to the provisions of Section 178 of the Companies Act, 2013 read with Rules framed thereunder and provisions of Schedule IV to the Act as well as the Listing Regulations, the Company has carried out performance evaluation of the Board of Directors, Committees of the Board and individual Directors on the basis of participation of Directors, quality of information available, quality of discussions, contributions and decision making, etc.

The Audit Committee met five times during the financial year ended 31st March, 2026, i.e., on 30.05.2025, 13.08.2025, 14.11.2025, 06.12.2025 and 13.02.2026.

The Nomination & Remuneration Committee met two times during the financial year ended 31st March, 2026 i.e., on 04.04.2025 and 06.12.2025.

The Stakeholders Relationship Committee met one time during the financial year ended 31st March, 2026, i.e., on 13.02.2026.

As per Schedule IV to the Companies Act, 2013, Secretarial Standards- 1 (SS-1) read with the Guidance Note on SS-1 and the Listing Regulations, the meeting of the Independent Directors was held on 13.02.2026.

The Company has received declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence as prescribed under Section 149(6) of the Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and also confirmed that they have complied with the Code for Independent Directors prescribed in Schedule IV of the Companies Act, 2013.

The Company has Familiarization Program for Independent directors to familiarize them with regard to their roles, rights, responsibilities, in the Company along with nature of industry in which the Company operates, business model, code of conduct and policies of the Company etc. The Familiarization Program is also available on the website of the Company.

Pursuant to the requirement of the Act, the Company has established vigil mechanism for Directors and employees to report their genuine concerns. The Whistle Blower Policy/Vigil Mechanism provides for adequate safeguards against victimization of director(s)/employee(s) who avail of the mechanism and also provide for direct access to the Chairman of the Audit Committee in exceptional cases as detailed in the Policy. The details of the Whistle Blower Policy are available on the website of the Company. No person has been denied access to the Chairman of the Audit Committee.

The board of your Company has laid down Code of Conduct for Directors and Senior Management Personnel of the Company. All the Directors and Senior Management Personnel have affirmed compliance with these codes.

As required under Regulation 17(8) of the Listing Regulations, the Whole Time Director and the Chief Financial Officer of the Company have jointly certified the financial statements for the financial year ended 31st March, 2026.

The disclosures pertaining to remuneration and other details as required under Section 197 of the Act read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is a attached as 'Annexure- II' forming part of this report.

In terms of the requirement of the Act, the Company has developed and implemented the Risk Management Policy and the Audit Committee of the Board reviews the same periodically. The Company has in place a mechanism to inform the Board about the risk assessment and minimization procedures and periodical review to ensure that risk is controlled by means of a properly defined framework. In the Board's view, there are no material risks, which may threaten the existence of the Company.

The policy on Directors' appointment and remuneration including the criteria for determining the qualifications, positive attributes, independence of a Director and other matters provided under Section 178(3) of the Companies Act, 2013 form part of the Nomination & Remuneration Committee policy of the Company. The same has been adopted in line with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 after the same were notified.

The Company has in place a Policy for Prevention of Sexual Harassment at Workplace in line with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. An Internal Complaints Committee has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this Policy.

There were no complaints received during the year.

The Company did not file any applications or have any proceedings pending under the Insolvency and Bankruptcy Code, 2016, during the financial year 2025-26.

During the year under review, the Company has duly complied with the applicable provisions of the Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2) issued by The Institute of Company Secretaries of India.

The Directors placed on record their appreciation for employees at all levels, who have contributed to the growth and performance of your Company.

The Directors also thank the clients, vendors, bankers, shareholders and advisers of the Company for their continued support.

The Directors also thank the Central and State Governments, and other statutory authorities for their continued support.