Latent View Analytics Ltd

Dear Members,

Your directors take pleasure in presenting the 19^,h (Nineteenth) Board's Report covering the highlights of the business and operations of your Company ("the Company" or "LatentView"), along with the Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2025.

The Standalone and Consolidated Financial Statements of your Company for the Financial Year ended March 31, 2025, have been prepared in accordance with the Indian Accounting Standards (Ind AS) as notified by the Ministry of Corporate Affairs and as amended from time to time. The financial performance of your Company for the Financial Year ended March 31, 2025 is summarized below:

Note: Previous year's figures have been regrouped/reclassified wherever necessary to correspond with the current year's classification/disclosure.

Your Company is a global digital analytics firm that inspires and transforms businesses to excel in the digital world by harnessing the power of data and analytics. Your Company provides a 360-degree view of the digital consumer, enabling companies to predict new revenue streams, anticipate product trends and popularity, improve customer retention rates and optimize investment decisions. Your Company and its Subsidiaries are a trusted partner to enterprises worldwide, including 30+ Fortune 500 companies in the Technology, Financial services, CPG, Retail, and Healthcare sectors and have clients across the United States, Chile, Mexico, Germany, UK, Netherlands, Singapore, and India, and has 1600+ employees. During the year your Company acquired 70% of the equity share capital of M/s. Decision Point Private Limited ("Decision Point"), leader in Al-led Business Transformation and Revenue Growth Management (RGM) solutions. The Company brings deep experience in RGM, Demand Forecasting, Pricing Analytics, Promotion Analytics, Retail Segmentation, and Marketing Mix Models with a focus on CPG brands. The acquisition of Decision Point will bolster LatentView's existing expertise in data engineering, data science, data visualization, as well as consulting and advisory services for analytics and GenAI readiness. LatentView will make investments to accelerate the expansion of Decision Point solutions in the focus markets of North America and Europe.

A comprehensive examination of your Company's operations, encompassing performance in markets, business outlook, as well as risks and concerns, is provided in the Management Discussion and Analysis report, a separate section of the Annual Report.

During the year under review, there were no change in the fundamental nature of your Company's business.

The Board of Directors at their meeting held on March 28, 2024 has approved the acquisition of M/s. Decision Point Private Limited in tranches. M/s. Decision Point Private Limited is a Gurgaon head quartered Company with Subsidaries in USA, Chile, Mexico & Dubai and a leader in AI Business Transformation and Revenue Growth Management Solutions with 300+ employees worldwide. The Company brings deep experience in Demand Forecasting, Pricing Analytics, Promotion Analytics, Retail Segmentation, and Marketing mix models with a focus on CPG brands.

On July 01, 2024, the Company acquired 70% of the fully diluted equity share capital of M/s. Decision Point Private Limited for a total consideration of INR 3315 Million and recognised a financial liability of INR 676.85 Million towards consideration payable at a future date for 30% stake and since then it has become a subsidiary of the Company.

The acquisition of Decision Point added marquee CPG logos, bolstered LatentView's GenAI readiness, and opened a new talent market in Gurgaon and Latin America. LatentView will commit investments to expand Decision Point solutions in the focus markets of North America and Europe.

Management Discussion and Analysis Report pursuant to Regulation 34(2) read with Schedule V of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, amended from time to time, ("Listing Regulations") constitutes a distinct section within the Annual Report. The Audit Committee of your Company has reviewed the Management Discussion and Analysis Report of the Company for the year ended March 31, 2025.

In terms of Regulation 43A of the Listing Regulations the Board of the Company has adopted a Dividend Distribution Policy, which can be accessed on the website of the Company https://www.latentview.com/ investor-relations/corporate-governance/.

In line with the policy and considering the requirements to fund the growth prospects of the Company both organic and inorganic, your directors have not recommended any dividend for the Financial Year 2024-25.

Your Company did not have any amounts due or outstanding as on the Balance Sheet date to be credited to the Investor Education and Protection Fund.

Your directors do not propose to transfer any amounts to the general reserves of the Company, instead have recommended to retain the entire profits for the financial year ended March 31, 2025, in the profit and loss account.

During the year, there was no change in the Authorized Capital of your Company. The Authorised Capital as on March 31, 2025, was ' 300 million comprising 300,000,000 Equity Shares of ' 1/- each.

The share capital movement during the year is tabulated below:

Your Company has not issued shares with differential voting rights and sweat equity shares during the year under review.

Your Company has also not bought back any of its securities.

The Equity Shares of your Company continued to be listed on the National Stock Exchange of India Limited and BSE Limited. Both these stock exchanges have nation-wide trading terminals. Annual listing fee for the Financial Year 2025-26 has been paid to the National Stock Exchange of India Limited and BSE Limited.

As on March 31, 2025, the Board of Directors of your Company comprised of 6 Directors, viz., 2 Executive Directors and 4 Independent Directors including 1 woman Independent Director.

There was no appointment of Directors/KMP during the year under review.

Post the completion of the year, based on the recommendations of the NRC, and in accordance with the provisions of the Companies Act, 2013 the Board, on May 02, 2025, appointed Dr. Anindya Ghose (DIN: 10243913) as an Additional Director of the Company with immediate effect and the same is being recommended to shareholders for appointment as an Independent Director of the Company, not liable to retire by rotation, for a term of 5 years commencing from May 02, 2025 till May 01, 2030 in the ensuing Annual General Meeting scheduled to be held on July 22, 2025.

Reappointments: Nil

Pursuant to Section 152 of the Act, A.V. Venkatraman (DIN: 01240055), Whole-Time Director is liable to retire by rotation at the ensuing AGM and being eligible, seeks re-appointment. The Board of Directors, on the recommendation of Nomination and Remuneration Committee ('NRC'), recommended his re-appointment for consideration by the Members at the ensuing AGM.

There was no resignation of Directors/KMP during the year under review.

Brief resume and other details of the Directors being appointed/re-appointed at the ensuing AGM as stipulated under Secretarial Standard-2 issued by the Institute of Company Secretaries of India and Regulation 36 of the Listing Regulations, are separately disclosed in the Notice of ensuing AGM.

None of the Directors of the Company are disqualified as per the provisions of Section 164 of the Act. The Directors of the Company have made necessary disclosures under Section 184 and other relevant provisions of the Act.

The Board of Directors of your Company comprises optimal number of Independent Directors. The following Non-Executive Directors are independent in terms of Regulation 16(1)(b) of the Listing Regulations and Section 149(6) of the Act:

1. Ms. Dipali Sheth (DIN: 07556685)

2. Mr. Mukesh Butani (DIN: 01452839)

3. Mr. R. Raghuttama Rao (DIN: 00146230)

4. Mr. Reed Cundiff (DIN: 09241056)

Company has received declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence pursuant to Section 149(6) of the Act and Regulation 16(1)(b) of the Listing Regulations and are in compliance with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014. Further, the Independent Directors have also 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 as Independent Directors of the Company.

The Board is of the opinion that the Independent Directors of the Company possess requisite qualifications, experience and expertise and they hold highest standards of integrity (including the proficiency) and fulfils the conditions specified in the Act read with Rules made thereunder and Listing Regulations and are eligible & independent of the management.

Your Company has established procedures to be followed for familiarizing the Independent Directors with their roles and responsibilities and business of the Company. The details of the familiarization programmes imparted for Independent Directors are available on the website of the Company at https://www.latentview. com/investor-relations/corporate-governance/.

During the Financial Year 2024-25, a separate meeting of Independent Directors, without the participation of Non-Independent Directors and members of the Management was held on February 07, 2025.

The Financial Statements are prepared in accordance with Ind AS as prescribed under Section 133 of the Act, read with Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Rules, 2016, as amended thereof.

Pursuant to Section 134(3)(c) read with 134(5) of the Act, the Board of Directors of your Company hereby states and confirms that:

a) In the preparation of the Annual Accounts, the applicable Accounting Standards have been followed along with proper explanation relating to material departures;

b) The Directors 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;

c) The Directors 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;

d) The Directors have prepared the annual accounts on a going concern basis;

e) The Directors, have 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) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

The Board of Directors of the Company met four times during the year under review. The details of these meetings including the composition and attendance of the Directors are provided in the Corporate Governance Report forming part of the Annual Report. The necessary quorum was present for all the meetings. The intervening gap between the meetings was within the period prescribed under the provisions of Section 173 of the Act.

The Board of Directors of the Company has formed the below mentioned Committees, as per the provisions of the Act and as per Listing Regulations.

The details with respect to the composition, terms of reference and number of meetings held during the year is provided in the Corporate Governance Report section forming part of the Annual Report.

All the recommendations made by the committees of the Board were accepted by the Board.

Your Company is committed to maintain the highest standards of Corporate Governance and adhere to the Corporate Governance requirements set out by Securities and Exchange Board of India. The report on Corporate Governance as stipulated under Listing Regulations is attached to this report.

Certificate from M/s. Alagar & Associates, Practicing Company Secretaries, confirming the compliance with the conditions of Corporate Governance as stipulated under the Listing Regulations is attached to Corporate Governance Report.

During the year under review,

- No significant or material orders were issued by regulators, courts, or tribunals against your Company that would affect its going concern status or future operations.

- Your Company did not initiate any applications, nor did it have any pending proceedings under the Insolvency and Bankruptcy Code, 2016.

- Your Company did not require valuation for one-time settlements or while obtaining loans from banks/financial institutions at any point during the period under review.

Pursuant to provisions of Section 177(9) of the Act and Regulation 22 of the Listing Regulations, your Company has adopted a Whistle Blower Policy and has established the necessary Vigil Mechanism for Directors and employees whereby direct access to the Chairperson of the Audit Committee was provided. This framework is designed to empower directors, employees, and other stakeholders to confidentially report any unethical behaviour, fraud and violations of our code of conduct, thereby safeguarding against victimization and promoting an ethical workplace.

Your Company hereby affirms that during the year under review no incident reported under vigil mechanism and no person has been denied access to the Audit Committee. Whistle Blower policy is available on the website of your Company at https://www.latentview.com/investor-relations/corporate-governance/

Your Company has following subsidiaries as on March 31, 2025:

The Policy for determination of material subsidiaries of your Company is available on your Company's website at https://www.latentview.com/investor-relations/corporate-governance/. According to the said policy, LatentView Analytics Corporation, USA is the material subsidiary of your Company.

As of March 31, 2025, your Company does not have any Associate Company/Joint Venture as defined under the provisions of the Act.

During the year, the Board of Directors reviewed the affairs of the subsidiaries. Further, pursuant to the Section 129(3) of the Act, a statement containing salient features of the Financial Statements of your Company's Subsidiaries (including their performance and financial position) in Form AOC-1 is annexed to this report as "Annexure - 1". Further, contribution of subsidiary(ies) to the overall performance of your Company is outlined in Note No. 31 of the Consolidated Financial Statements.

Further, pursuant to the provisions of Section 136 of the Act, the Audited Financial Statements of your Company (Standalone & Consolidated) and other relevant documents and audited Financial Statements of subsidiaries, are available on the Company's website at https://www.latentview.com/investor-relations/financial-results- reports/.

Your Company has Employee Stock Option Plan 2016 as ESOP scheme in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The principal objectives of this plan are to:

• Rewarding the employees for their performance and contribution to the success and growth of LatentView.

• Providing outsized rewards for outsized performance and create long-term wealth for LatentView and employees.

• Providing an opportunity for the professional partners to become financial partners in the Equity of LatentView.

• Attracting and retaining top talent.

The details of stock options form part of the Notes to Accounts of the Standalone Financial Statements.

The Secretarial Auditor's certificate on the implementation of share-based schemes in accordance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, will be placed at the 19^th AGM for inspection by the members.

Further, pursuant to SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, the applicable disclosure as on March 31, 2025 is uploaded on the website of your Company https://www.latentview.com/ investor-relations/financial-results-reports/.

Internal Financial Controls are an integral part of the risk management process, addressing financial and financial reporting risks. It is commensurate with the size and nature of operations. The internal financial controls have been embedded in the business processes.

Assurance on the effectiveness of internal financial controls is done through monitoring and review process by management and internal auditors during the course of their audits. We believe that these systems provide reasonable assurance that our internal financial controls are designed effectively. The Audit Committee reviews the reports submitted by the Internal Auditors. Suggestions for improvement are considered and the corrective actions are undertaken.

The members at its 18^th AGM held on August 27, 2024, approved the appointment of M/s. Price Waterhouse Chartered Accountants LLP, Chartered Accountants (Firm Registration No. 012754N/N500016), as the statutory auditors for the term of five (5) consecutive years, i.e. from the conclusion of the 18^,h AGM till the conclusion of 23^rd AGM of the Company to be held in the calendar year 2029 in place of M/s. B S R & Co. LLP, (Firm Registration No. 101248W/W-100022), Chartered Accountants, whose tenure expired at the conclusion of 18^th AGM.

The Auditors' Report does not contain any qualification, reservation, or adverse remark on the Financial Statements for the Financial Year ended March 31, 2025. The Notes on Financial Statements referred to in the Auditors' Report are self-explanatory and do not call for any further comments.

M/s. Price Waterhouse & Co. Chartered Accountants LLP, have confirmed their eligibility and qualification as required under the Act and Listing Regulations for holding the office as Statutory Auditors of your Company.

Pursuant to the provisions of Section 204 of the Act and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, M/s. Alagar & Associates, Practicing Company Secretaries, were appointed as the Secretarial Auditors to conduct the Secretarial audit for the year under review. The Secretarial Audit report pursuant to the Act read with Rules made thereunder and Regulation 24A of the Listing Regulations for the year under review in prescribed Form MR-3 is annexed to this Report as "Annexure - 2".

Further, pursuant to the amended provisions of Regulation 24A of the Listing Regulations and Section 204 of the Act read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board of Directors have approved and recommended the appointment of M/s. Alagar & Associates, Peer Reviewed Firm of Company Secretaries in Practice (Firm Registration Number: P2011TN78800) as Secretarial Auditors of the Company for a term of upto 5(Five) consecutive years to hold office from the conclusion of ensuing AGM till the conclusion of 24^th (Twenty Fourth) AGM of the Company to be held in the Year 2030, for approval of the Members at ensuing AGM of the Company. Brief profile and other details of M/s. Alagar & Associates, Company Secretaries in Practice, are separately disclosed in the Notice of ensuing AGM.

M/s. Alagar & Associates has consented to act as Secretarial Auditors of the Company and confirmed that their aforesaid appointment (if made) would be within the prescribed limits under the Act & Rules made thereunder and Listing Regulations. They have also confirmed that they are not disqualified to be appointed as Secretarial Auditors in terms of provisions of the Act & Rules made thereunder and Listing Regulations.

Pursuant to the provisions of Section 138 of the Act and the Companies (Accounts) Rules, 2014, M/s. BDO India LLP, Chartered Accountants, were appointed as the Internal Auditors to conduct the audit for the year under review.

The Internal Auditor of the Company reports functionally to the Audit Committee of the Company, which reviews and approves risk based annual internal audit plan. The Audit Committee periodically reviews the performance of internal audit function. The recommendations of the internal audit team on improvements required in the operating procedures and control systems are also presented to the Audit Committee, for the teams to use these tools to strengthen the operating procedures.

The provisions of Section 148 of the Act and Companies (Cost Records and Audit) Rules, 2014 are not applicable to your Company.

During the year under review, none of the Auditors have not reported any instances of frauds committed in the Company by its officers or employees, to the Audit Committee under Section 143(12) of the Act, details of which needs to be mentioned in this Report.

Pursuant to Section 92(3) and Section 134(3)(a) of the Act together with Rule 12 of the Companies (Management and Administration) Rules, 2014, your Company has placed a copy of the annual return as of March 31, 2025 on its website at https://www.latentview.com/investor-relations/financial-results-reports/

During the year under review, your Company was felicitated with:

- Databricks Elite Consulting Partner

- Top 100 Corporate Publications 2024 - LACP

- Leader - MLOps Service Providers 2025 - AIM Research PeMa Report

- Top Data Science Service Providers - AIM Research PeMa Report 2024

- Leader - ISG Provider Lens 2024 - Supply Chain Analytics

- NASSCOM AI Game Changers

- International Myeloma Foundation Partner of the Year Award 2024

- Forrester Landscape Report for Customer Analytics Services Q3 2024

- Great Place to Work June 2024-2025

- AIM Research - Best Firms for Women in Tech 2025

- 100 Most Influential AI Leaders in India 2024 - Rajan Sethuraman

- ET HR World Exceptional Employee Experience Award

LatentView is committed to sustainable growth, and we recognize energy conservation as a critical component of our environmental stewardship. Our efforts are aligned with national and global goals to reduce carbon emissions, improve energy efficiency, and promote sustainable operational practices.

In FY 25-26, we have implemented a series of initiatives aimed at minimizing energy consumption across our facilities. These include optimizing natural daylight usage, installing energy-efficient lighting, enabling power management features on office equipment, and enhancing HVAC system performance. Moreover, our approach extends beyond infrastructure to include employee awareness and behavioural change, reinforcing a culture of energy responsibility across the organization.

These measures have contributed to a measurable reduction in our energy footprint, and we remain committed to continuously improving our performance through innovation, monitoring, and stakeholder engagement.

The organization adopts a "lead by example" approach by actively educating employees on the importance of energy management. Awareness campaigns, best practice guidelines, and regular communications are used to foster a culture of energy responsibility among staff.

Power management features are enabled on computers, monitors, printers, and other electronic devices. These settings automatically place devices in low-power or sleep modes when not in use, further reducing unnecessary energy consumption throughout the workday.

The entire office is outfitted with energy-efficient LED lighting. No CFL (Compact Fluorescent Lamp) fixtures are used. LEDs consume less electricity and offer longer service life, contributing to both energy savings and reduced maintenance.

We have intensified the monitoring, cleaning, and maintenance of Air Handling Unit (AHU) filters. Cleaner filters improve airflow and reduce the strain on HVAC systems, which in turn leads to lower energy consumption and enhanced system performance.

The office layout has been strategically designed with workstations positioned along the building facade. This maximizes the use of natural sunlight during daytime hours, significantly reducing reliance on artificial lighting and lowering overall electricity consumption.

All meeting rooms are equipped with individual air conditioning control units. These units allow for room-specific temperature control and are switched off when not in use. This reduces the load on the central chiller system and helps conserve energy.

The security and technology teams actively monitor office lighting after working hours. Lights in unused areas are promptly turned off, ensuring that no energy is wasted when spaces are unoccupied.

Over the past few years, and particularly in FY 25-26, LatentView has significantly accelerated our organizationwide efforts in absorbing and deploying deep technologies. This includes embracing advanced and emerging areas such as Agentic AI, Generative AI, Al-driven supply chain systems, AI governance, AlOps, MLOps, Data Observability, and Data Engineering.

Our approach towards technology absorption has been structured across three core pillars:

LatentView has established multiple Centers of Excellence (CoEs) - in AI & ML, Marketing Analytics, and Data Science, to nurture and scale our internal talent. These are further augmented through strategic partnerships with top-tier universities to create a sustainable talent pipeline equipped for the future of AI.

LatentView has built a suite of AI and data analytics solutions designed to strengthen our market position. These include:

• MARKEE: An Agentic AI-driven performance marketing platform.

• OBSERVE AI: An enterprise-grade data observability solution.

• MLOps X: A flexible MLOps framework compatible with both Databricks and open-source ecosystems.

• AI-driven supply chain demand forecasting and multi-tier supplier visibility tools featured on the Databricks Marketplace.

These assets not only enable faster go-to-market for our customers but also position us as innovation leaders in the space.

LatentView has invested significantly in practice development, branding, and sales pipeline generation. We're proud to see many of our associates contributing to the development of Large Language Models and bespoke AI algorithms directly within customer environments.

This has started allowing us to go beyond execution, enabling us to advise clients on their AI roadmaps, cocreate POCs, and convert strategic AI opportunities into long-term engagements.

Additionally, we've strengthened our partner ecosystem including collaborations with Databricks, GCP, Snowflake, and a GenAI-based code conversion and migration specialist, which enhances our capabilities in the data modernization space.

Our internal performance measurement frameworks have been recalibrated to support the adoption and development of deep technologies across all business units. These collective efforts are already delivering impact: we were recently recognized as Leaders in the PeMa Quadrant Survey by Analytics India Magazine for our capabilities in Data Science, Data Engineering, and MLOps.

We are now actively engaged in customer conversations and pilot programs in the areas of Generative AI and Agentic AI - a strong validation of the depth and direction of our tech absorption journey.

During the Financial Year under review, your Company had foreign exchange earnings of Rs. 3,176.62 millions and Foreign Exchange Outgo of Rs. 195.32 millions.

Your Company has not accepted any deposits during the year under review falling within the ambit of Section 73 of the Act read with the Companies (Acceptance of Deposits) Rules, 2014.

Your Company is dedicated to providing a healthy work environment to all employees, free from any form of prejudice or gender bias. In line with the Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013, and the applicable rules Company has implemented a gender-neutral Policy for Prevention, Prohibition and Redressal of Sexual Harassment at Workplace ("POSH") and constituted an Internal Complaints Committee ("ICC").

Your Company has also established a grievance procedure for protection against victimization.

Following are some of the programs and initiatives in place to train employees and the ICC for POSH during the year:

1. All employees are required to undergo a mandatory e-learning module on "Prevention of Sexual Harassment at Workplace."

2. In person workshops are organised for ICC Members, HR personnel and for Managers and employees at a specified grade level.

3. All new joiners are trained on Prevention of Sexual Harassment during their induction program.

4. The constitution of the ICC is prominently displayed within the office premises and is regularly disseminated to employees via email.

The Policy for Prevention, Prohibition and Redressal of Sexual Harassment at Workplace is available on the Intranet and also on the website of your Company at https://www.latentview.com/investor-relations/ corporate-governance/for employees to access as and when required.

During the year under review, there were no POSH complaints filed with ICC.

Pursuant to Section 134(3)(g) of the Companies Act, 2013 particulars of loans, guarantees and investments under Section 186 of the Companies Act, 2013 ('Act') made by your Company are set out in Note No.14 to the Standalone Financial Statements of your Company.

In line with the requirements of the Act and the Listing Regulations, your Company has formulated a Related Party Transactions (RPT) Policy which is being periodically reviewed by the Audit Committee and approved by the Board. The RPT Policy is available on your Company's website at https://www.latentview.com/investor- relations/corporate-governance/

All transactions entered into with related parties during the year under review were in the ordinary course of business and on an arm's length basis and were approved by the Audit Committee and the Board of Directors.

During the year under review there were no material transactions entered by the Company with any of its related parties necessitating approval of the members.

Certain repetitive transactions were approved through the omnibus route and are reviewed quarterly by the Audit Committee and Board.

Particulars of the contracts, arrangements or transactions entered during Financial Year 2024-25 that fall under the scope of Section 188(1) of the Act in the prescribed Form AOC-2 is annexed to this report as "Annexure - 3".

Pursuant to Regulation 23(9) of the Listing Regulations, your Company has filed the reports on related party transactions with the Stock Exchanges.

Your Company's Risk Management practice ensures that the long-term vision and mission of your Company are sustained. The practice identifies, assesses, and prioritizes risks, and implements effective strategies to mitigate them. It continuously evaluates the various risks surrounding the business and seeks to review and upgrade its risk management process. To further endeavour, your Board constantly formulates strategies directed at mitigating these risks which get implemented at the executive management level and a regular update is provided to the Board.

The composition of the Risk Management Committee, terms of reference are included in the Corporate Governance Report which forms part of this Report.

The level of business and financial risk inherent in your Company's operations is commensurate with that of other firms operating in the same industry. Your Company has a robust enterprise risk management framework to identify and evaluate business risk opportunities. This framework seeks to create transparency, minimise adverse impact on the business objectives and enhance your Company's competitive advantage. The said Risk Management Policy is available on your Company's website at https://www.latentview.com/investor- relations/corporate-governance/

Your Company has a Corporate Social Responsibility Policy which is uploaded on website of the Company at https://www.latentview.com/investor-relations/corporate-governance/. Further, Annual Report on CSR including a brief outline of the CSR Policy and the activities undertaken during the year under review pursuant to Section 134 and 135 of the Act read with Rule 8 of the Companies (Corporate Social Responsibility Policy) Rules, 2014 and Rule 9 of the Companies (Accounts) Rules, 2014 is attached to this report as "Annexure - 4".

Pursuant to Regulation 34(2)(f) of the Listing Regulations, your Company is providing the prescribed disclosures on ESG parameters as part of the Business Responsibility and Sustainability Report ("BRSR"), which is annexed to this report as "Annexure - 5". The BRSR indicates the Company's performance against the principles of the 'National Guidelines on Responsible Business Conduct'. This would enable the Members to have an insight into Environmental, Social and Governance initiatives of the Company.

Pursuant to provisions of the Act and the Listing Regulations, annual performance evaluation of the Directors including the Chairperson, Board and its Committees has been carried out. As part of the evaluation process, individual criteria for each of the exercise was formulated. Each member of the Board/Committee/Director was sent a formal questionnaire to evaluate different categories based on several parameters. According to the Act and Listing Regulations, they had to rate each parameter individually. The evaluations were presented to the Board, Nomination and Remuneration Committee, and the Independent Directors Meeting for review.

The remuneration paid to the directors is in accordance with the Nomination and Remuneration Policy formulated in accordance with Section 178 of the Act and Regulation 19(4) read with Part D of Schedule II of the Listing Regulations (including any statutory modification(s) or re-enactment(s) thereof for the time being in force).

Details of ratio of remuneration to each Director to the median employee's remuneration and details of remuneration paid to employees is annexed to this report as "Annexure - 6".

The statement containing names of top ten employees in terms of remuneration drawn and the particulars of employees as required under Section 197(12) of the Act read with Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is provided in a separate annexure forming part of this report.

Further, the report and the accounts are being sent to the Members excluding the aforesaid annexure. In terms of Section 136 of the Act, the said annexure is open for inspection and any Member interested in obtaining a copy of the same may write to the Company Secretary @investorcare@latentview.com.

The Whole-time Directors of the Company does not receive any remuneration or commission from any of its subsidiaries.

Pursuant to the provisions of Section 118(10) of the Act, Company complies with all applicable mandatory Secretarial Standards as issued by the Institute of Company Secretaries of India ("ICSI").

Your Company has in place an insurance policy for its Directors & Officers with a quantum and coverage as approved by the Board. The policy complies with the requirement of Regulation 25(10) of Listing Regulations.

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the Company has in place following policies/codes and the same are available in the website of the Company at https://www.latentview.com/ investor-relations/corporate-governance/#corporate-governance:

- Code of practices and procedures for fair disclosure of Unpublished price sensitive information.

- Policy for Procedure of Inquiry in case of Leak or suspected leak of Unpublished Price Sensitive Information.

This code lays down guidelines advising the management, Designated Persons and other connected persons, on procedures to be followed and disclosures to be made by them while dealing with the shares of the Company, and while handling any Unpublished Price Sensitive Information, cautioning them of the consequences of violations.

All compliances relating to Code of Conduct for Prevention of Insider Trading are being managed through a web-based portal installed by the Company.

In Compliance with the abovementioned Regulations, Structural Digital Database (SDD) was maintained by your Company and necessary entries were made to monitor and record the flow of sharing of Unpublished Price Sensitive Information. Adequate training was provided to all employees on the compliance procedures provided in the SEBI (Prohibition of Insider Trading) Regulations, 2015.

There are no material changes and commitments affecting the financial position of the Company that have occurred between the end of the Financial Year of the Company to which the Financial Statements relate and till the date of this Report.

The Company did not undergo any change in the nature of its business during the Financial Year 2024-2025.

Your Directors would like to place on record their gratitude for all the guidance and co-operation received from all its clients, vendors, bankers, financial institutions, business associates, advisors, and regulatory and government authorities. Your Directors also take this opportunity to thank all its shareholders and stakeholders for their continued support and all the employees for their valuable contribution and dedicated service.