Denta Water & Infra Solutions Ltd

Dear Members,

The Board of Directors hereby submits the report of the business and operations of Denta Water and Infra Solutions Limited ("the Company" or "DWISL"), along with the audited financial statements, for the financial year ended March 31, 2025. The consolidated performance of the Company has been referred to wherever required.

Results of our operations and state of affairs:

The Company's standalone and consolidated financial performance for the year under review is presented below:

Notes:

The above figures are extracted from the audited standalone and consolidated financial statements of the Company as per the Indian Accounting Standards (Ind AS).

Company's Performance

The Board is pleased to present the operational performance of the Company for the financial year ended 31st March, 2025. During the year, the Company recorded revenue from operations of ^2,032.85 million, Notably, the Company achieved a net profit of ^528.93 million after accounting for all expenses and taxes. The management remains optimistic about building on this performance and is confident in its ability to further enhance revenue and profitability in the coming years. We sincerely thank our stakeholders for their continued trust and support, and we look forward to achieving greater milestones together.

The Company recommended / declared dividend as under:

The Board of Directors has recommended a final dividend of ^2.50 per equity share of face value ^10 each, fully paid-up, for the financial year 2024-25. This recommendation reflects the Company's commitment to delivering value to its shareholders while maintaining a balanced approach towards growth and financial prudence. The dividend is subject to approval by the shareholders at the ensuing Annual General Meeting.

Note:

The Company declares and pays dividend in Indian rupees. Companies are required to pay / distribute dividend after deducting applicable withholding income taxes. The remittance of dividends outside India is governed by Indian law on foreign exchange and is also subject to withholding tax at applicable rates.

Recommended by the Board of Directors at its meeting held on July 22, 2025. The payment is subject to the approval of the shareholders at the ensuing AGM of the Company to be held on August 22, 2025. The record date for the purposes of the final dividend will be August 14, 2025, and payment will be made within 30 days.

The Dividend Distribution Policy, in terms of Regulation 43A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), is available on the Company's website at https:// www.denta.co.in/.

Transfer to reserves

We do not propose to transfer any amount to the general reserve on declaration of dividend.

Changes in the nature of business

The Company did not undergo any change in the nature of its business during fiscal 2025.

After the closure of the Last Annual General Meeting up to the present date, some milestone events have taken place:

The Company's IPO received an overwhelming response from the investors and the issue was oversubscribed. Consequently, the Equity Shares of your Company listed on the National Stock Exchange of India Limited ('NSE') and BSE Limited ('BSE'). The Company was listed on both the NSE and BSE on January 29, 2025. We are pleased to inform you that during the financial year 2024-25, the Company undertook well-planned and strategic initiatives to access the capital markets for raising public funds, primarily to meet operational and working capital requirements. We remain confident that these developments will significantly contribute to advancing our business priorities, enabling long-term growth and financial stability.

The details of the utilisation of fund as on March 31, 2025 are given below:

Equity Share Capital:

During the financial year 2024-25, there was a change in the paid-up equity share capital of the Company pursuant to the Initial Public Offering (IPO). The Company issued 75,00,000 equity shares of face value ^10 each to the public. As a result, the total paid-up equity share capital of the Company stands at ^267,000,000, comprising 26,700,000 equity shares of ^10 each, fully paid-up.

Material Changes and Commitments

There were no material changes and commitments affecting the financial position of the Company between the end of the financial year and the date of this report, other than those disclosed elsewhere in this report.

Management Discussion and Analysis

The Management Discussion and Analysis of your Company's performance is enclosed as a separate report forming part of Annexure to this Annual Report.

Credit Rating

During the year under review, the Company's borrowing facilities were evaluated by CARE Ratings Limited. The credit rating assigned i.e BBB reflects the Company's financial strength, operational performance, and overall creditworthiness. The rationale for the assigned rating, along with detailed information, is available on the official website of CARE Ratings at www.careedge.in

Annual Return

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 extract of the Annual Return of the Company for the Financial Year 31st March, 2025 is uploaded on the website of the Company and can be accessed at www.denta.co.in.

Corporate Policies

The Board of Directors of the Company has formulated various statutory policies and codes as mandated under the Companies Act, 2013 and SEBI Regulations, from time to time. These policies are periodically reviewed and updated by the Board and its Committees to ensure alignment with the latest regulatory amendments and best governance practices. The updated versions of these policies and codes are available on the Company's website at www.denta.co.in.

Subsidiaries, Joint Ventures & Associates- Consolidated Financial Statements

The Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 are prepared in compliance with the applicable provisions of the Act including Indian Accounting Standards specified under Section 133 of the Act. The audited consolidated financial statements together with the Auditors' Report thereon forms part of this Annual Report. Pursuant to the provisions of Section 136 of the Act, the financial statements of the Subsidiaries, Associates and Joint Venture entities of the Company are available for inspection by the Members at the Registered Office of the Company. Your Company shall provide a copy of the financial statements of its Associate Firm's to the Members upon their request. The details of Subsidiaries, Joint Ventures & Associates are provided as Annexure to this Board Report

Related Party Transactions

All transactions entered into with Related Parties by the Company, during the year under review, were in the ordinary course of business and at arm's length basis and in accordance with the provisions of the Act and the SEBI LODR. There were no materially significant Related Party Transactions entered into by the Company with the Promoters, the Directors, the Key Managerial Personnel or other designated persons which may have a potential conflict with the interest of the Company at large.

The details of the same are given in the notes to the Financial Statements. The Related Party Transactions were placed before the Audit Committee for their review, consideration and approval / recommendation and then placed before the Board for suitable noting / approval. Amended Policy on Materiality of Related Party Transactions and on dealing with Related Party Transactions is available on the Company's website www. denta.co.in.

The details as required to be provided under Section 134(3) (h) of the Act, in the prescribed Form AOC-2 are enclosed as Annexure to the Board's report.

Whistle Blower Policy / Vigil Mechanism

Pursuant to the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has adopted a Vigil Mechanism Policy (Whistle Blower Policy) to provide a secure and confidential channel for its Directors, employees, business associates, and other stakeholders to report genuine concerns regarding unethical practices, suspected fraud, or any violation of the Company's Code of Conduct, without fear of retaliation.

The Vigil Mechanism ensures transparency and accountability by offering dedicated contact details for reporting concerns.

The functioning of this mechanism is periodically reviewed and overseen by the Audit Committee of the Board.

The Vigil Mechanism Policy is available on the Company's website at www.denta.co.in.

Policy on Prevention of Sexual Harassment at Workplace

Your Company has adopted and implemented a Policy on Prevention of Sexual Flarassment at Workplace in accordance with the provisions of the Sexual Flarassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 ("POSH Act") and the Rules framed thereunder. The policy aims to foster a safe, inclusive, respectful, and equitable work environment, and underscores the Company's commitment to a 'Zero Tolerance' stance toward any form of sexual harassment.

The Internal Complaints Committee (ICC), constituted as per the requirements of the POSPI Act, is responsible for redressal of complaints relating to sexual harassment, if any, in a timely and confidential manner.

During the financial year 2024-25, no complaints of sexual harassment were received by the Company. An Annual Report containing the details of any such complaints, if received and disposed of, is maintained as per the statutory requirements.

The POSH policy is available on the Company's website and can also be accessed by employees as required.

Statement Concerning Development and Implementation of Risk Management Policy of the Company:

Your Company undertakes complex water infrastructure projects, including the lifting and pumping of secondary treated water from available sources to designated ridge points for the replenishment of tanks. These initiatives contribute significantly to the improvement of groundwater levels and agricultural productivity. The Company also assumes responsibility for the Operation and Maintenance (O&M) of such projects, including lift irrigation systems, typically for a period of five years postcommissioning.

At Denta, risk management is viewed as a core component of enterprise governance. We believe it should be seamlessly embedded within the overall management framework and integrated with key business functions such as finance, strategy, internal controls, procurement, business continuity planning, human resources, and compliance. Our approach to Enterprise Risk Management (ERM) is holistic and structured, guided by clearly defined frameworks and processes initiated at the Board level.

The objective of the Risk Management Policy is to systematically identify, assess, and mitigate potential risks that may impact the achievement of the Company's objectives. The Policy is periodically reviewed and updated by the Board of Directors to ensure its effectiveness and relevance in a dynamic business environment.

Business Environment - Risks and Concerns:

While pursuing its corporate mission and strategic goals, the Company remains mindful of the inherent risks associated with its operations. The infrastructure and civil construction sector is inherently high-risk, with challenges such as cost pressures, tight execution timelines, regulatory uncertainties, and environmental factors. The Company operates under stringent time and cost constraints, where project delays may lead to significant cost overruns and reputational risk.

The Risk Management Policy aims to strike an optimal balance between leveraging the Company's strengths and opportunities, while addressing and mitigating identified and potential threats. This proactive approach enables the Company to sustain growth, protect stakeholder value, and maintain operational resilience.

Our corporate governance philosophy

Our corporate governance practices are a reflection of our value system encompassing our culture, policies, and relationships with our stakeholders. Integrity and transparency are key to our corporate governance practices to ensure that we gain and retain the trust of our stakeholders at all times. Our Corporate governance report for fiscal 2025 forms part of Annexure to this Integrated Annual Report.

Board of Directors

Your Company, being professionally managed, functions under the overall supervision and guidance of the Board of Directors. As on 31st March, 2025, the Board comprised six (6) Directors, including two Executive Directors, one Non-Independent Non- Executive Woman Director, and three Independent Directors.

Subsequent to the year-end and up to the date of this report, there have been changes in the composition of the Board. Three additional Directors have been appointed, including an Executive Chairman, an Executive Woman Director, and one Independent Director.

Further, one of the existing Woman Directors has tendered her resignation. The Board places on record its appreciation for the valuable contributions made by the outgoing Director during her tenure.

Composition of the Board as on March 31, 2025:

As on March 31, 2025, the Board of Directors of the Company comprised six Directors, reflecting a balanced mix of Executive and Non-Executive members, including Independent Directors and a Woman Director. The composition is in compliance with the provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

The composition of the Board is as follows:

Mr. Manish Jayasheel Shetty - Managing Director Mr.Sujith Rajashekar Tumkur - Whole Time Director Ms. Nista Udayakumar Shetty - Non - Executive Director Mr. Rudraiah Narendra Babu - Independent Director Mr. Gopalakrishna kumaraswamy - Independent Director Mr. Pradeep Nanjunde Gowda - Independent Director

Key Managerial Personnel (KMP)

The Key Managerial Personnel (KMP) of your Company as per Section 203 of the Act, during the financial year ended March 31,2025 are as follows:

a) Mr. Manish J Shetty- Managing Director;

b) Mr. Sujit T R- Whole time Director and CFO;

f) Ms. Sujatha G - Company Secretary and Compliance Officer.

Committees of the Board

As on March 31, 2025, the Board had 4 committees: Audit Committee, Corporate Social Responsibility Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee.

A detailed note on the composition of the Board and its committees is provided in the Corporate governance report, which forms part of this Integrated Annual Report.

Declaration of Independence by the Independent Directors

All Independent Directors of your Company have confirmed that they meet the "Independence criteria" laid down under the Section 149(6) of the Act and Regulation 16(l)(b) of SEBI LODR. In addition, they continue to maintain their directorship within the prescribed maximum limits as prescribed under the SEBI LODR. The Independent Directors provided necessary declarations/disclosures to the Company in this regard.

Number of Meetings of the Board

During the Financial Year 2024-25, 12 (Twelve) number of Board meetings were held and the details of same are given in the Corporate Governance Report forming part of this Annual Report. The intervening gap between consecutive meetings was not more than one hundred and twenty (120) days as prescribed by the Companies Act, 2013 and applicable provisions.

Pursuant to the requirements of Schedule IV to the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, separate Meetings of the Independent Directors of the Company was also held on January 16, 2025 without the presence of Non- Independent Directors and members of the management, to inter alia review the performance of Non-Independent Directors and the Board as a whole, taking into account the views of Executive Directors, Non-Executive Non-Independent Director and also to assess the quality, quantity and timeliness of flow of information between the Company Management and the Board.

Board's Opinion on Integrity, Expertise and Experience (Including the Proficiency) of the Independent Directors Appointed During the Year

During the financial year 2024-25, there was no appointment of new Independent Directors to the Board. However, subsequent to the year-end and up to the date of this report, one Independent Director has been appointed.

In accordance with the provisions of Section 150(1) of the Companies Act, 2013 and the relevant rules, the Board has taken note of the declarations submitted by all Independent Directors confirming compliance with the prescribed eligibility and proficiency requirements. Where applicable, the proficiency of Independent Directors has been ascertained through the online self-assessment test conducted by the Indian Institute of Corporate Affairs (IICA).

Board Evaluation

In accordance with the provisions of Section 134(3)(p) of the Companies Act, 2013 read with Rule 8(4) of the Companies (Accounts) Rules, 2014 and Regulation 17(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board carried out an annual performance evaluation of itself, its Committees, and individual Directors.

The performance evaluation of Independent Directors was conducted by the Board without the participation of the respective Director being evaluated. In a separate meeting of Independent Directors, the performance of Non-Independent Directors, the Board as a whole reviewed.

The evaluation process involved a comprehensive assessment of various aspects, including the structure and composition of the Board, its culture, functioning, decision-making processes, and effectiveness in discharging governance responsibilities. Committee evaluations focused on parameters such as composition, frequency and effectiveness of meetings, and the quality of recommendations made to the Board.

Individual Directors were assessed based on their level of preparedness, active participation, and meaningful contributions during meetings.

Independent Directors were evaluated collectively by the entire Board, based on criteria such as integrity, professional expertise, engagement, and adherence to ethical standards. The Board of Directors has expressed satisfaction with the overall performance evaluation process and its outcomes.

Familiarisation Programme

As part of the Familiarisation Programme, the Company conducts regular sessions and seminars for its Directors to keep them informed about the latest developments in the industry, regulatory landscape, and the Company's business processes and strategy. These programmes cover a wide range of topics, including legal and regulatory updates, governance practices, risk management, operational procedures, and quarterly financial performance, among others.

At the time of their appointment, each Director is issued a formal letter outlining their roles, responsibilities, duties, and the expectations of the Board. Directors are also given full access to interact with Key Managerial Personnel and Senior Management, enabling them to gain deeper insight into the Company's operations. They are provided with all relevant documents and information they may require to discharge their responsibilities effectively and to develop a comprehensive understanding of the Company's business model and strategic direction.

Re-appointment of Managing Director

Mr. Manish Jayasheel Shetty (DIN: 09075221) was appointed as the Managing Director of the Company for a period of two years, effective from September 21st 2023 . As his current tenure is nearing completion, and based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors, at its meeting held on July 22, 2025, has proposed to re-appoint Mr. Manish Jayasheel Shetty as Managing Director for a further period of three years, effective from August 22, 2025, subject to the approval of the shareholders.

The proposal for his re-appointment forms part of the Notice of the ensuing Annual General Meeting for the shareholders' consideration and approval.

Re-appointment of Director retiring by Rotation

In accordance with the provisions of the Companies Act, 2013 and the Articles of Association of the Company, Mr. Sujith T R (DIN: 07637371), Director of the Company, retires by rotation at the ensuing Annual General Meeting and, being eligible, has offered himself for re-appointment.

The proposal for his re-appointment forms part of the Notice convening the

Annual General Meeting scheduled to be held on August 22, 2025, for your consideration and approval.

Internal Control Over Financial Reporting

The Company has in place an adequate and effective internal financial control system commensurate with its size, scale, and complexity of operations, in compliance with the requirements of the Companies Act, 2013. The key highlights are as follows:

1. The internal financial controls are designed to ensure the orderly and efficient conduct of business, including adherence to policies, safeguarding of assets, prevention and detection of frauds and errors, accuracy and completeness of accounting records, and timely preparation of reliable financial information.

2. The Audit Committee of the Board periodically reviews the internal audit plan, evaluates significant findings, and provides its observations and recommendations to both the Internal Auditors and Statutory Auditors to strengthen the control framework.

3. The internal controls were tested during the year and no material weaknesses were reported. The systems have been found to be adequate and operating effectively.

4. The Company continues its efforts to automate and strengthen internal controls, thereby enhancing their efficiency and reliability.

5. The Company follows robust accounting policies in line with the Indian Accounting Standards (Ind AS) as notified under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015, and as per Generally Accepted Accounting Principles (GAAP) in India.

Internal Control / Audit & Its Adequacy

Your Company has established a robust internal control system designed to identify, assess, and mitigate various business and operational risks. This control environment is supported by well-documented policies, standard operating procedures, and clearly defined authority matrices to ensure consistency, reliability, and accountability across the organization.

The internal control framework is adequate and commensurate with the size and complexity of the Company's operations. It is designed to provide reasonable assurance regarding the following key areas:

1. Achievement of the Company's strategic and operational objectives;

2. Efficiency and effectiveness of business processes;

3. Prevention and timely detection of frauds and errors;

4. Protection and safeguarding of assets from unauthorized use or disposition;

5. Compliance with applicable laws, regulations, and internal policies;

6. Accuracy and reliability of financial reporting and disclosures.

The internal audit function, supported by both internal and external resources, conducts regular and independent reviews of various processes, systems, and controls. The Audit Committee of the Board reviews the audit findings, monitors the implementation of audit recommendations, and ensures that necessary corrective actions are taken promptly.

The Company remains committed to continual improvement in its internal control and audit systems, including increased automation and process refinement to strengthen governance and risk management.

Directors' Responsibility Statement

The financial statements of the Company for the financial year ended March 31, 2025 have been prepared in accordance with the Indian Accounting Standards (Ind AS) as notified under Section 133 of the Companies Act, 2013, read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendments issued thereafter. The financial statements follow the accrual basis of accounting, except for certain financial instruments which are measured at fair value, and defined benefit liabilities/(assets), which are recognized at the present value of the defined benefit obligation less the fair value of plan assets. The statements have also been prepared in accordance with the provisions of the Companies Act, 2013 and guidelines issued by the Securities and Exchange Board of India (SEBI). Accounting policies have been applied consistently, except where new or revised standards have been adopted, necessitating a change in accounting policy.

The Directors hereby confirm that:

• In the preparation of the annual accounts for the financial year ended March 31, 2025, the applicable accounting standards have been followed and there are no material departures.

• The accounting policies selected have been applied consistently, and judgments and estimates made are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company and the profit for the year under review.

• Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

• The annual accounts have been prepared on a going concern basis.

• The Directors have laid down internal financial controls to be followed by the Company and such controls are adequate and operating effectively.

• Proper systems have been devised to ensure compliance with the provisions of all applicable laws, and such systems are adequate and operating effectively.

Corporate Social Responsibility (CSR)

The Company has constituted a Corporate Social Responsibility (CSR) Committee in compliance with the provisions of Section 135 of the Companies Act, 2013. As on March 31, 2025, the CSR Committee comprised the following Directors:

1. Mr. R Narendra Babu

2. Brigadier (Retd.) Gopalakrishna Kumaraswamy

3. Ms. Nista U Shetty

As a responsible corporate citizen, the Company is committed to contributing to the nation's sustainable and inclusive growth. The Company's CSR initiatives primarily focus on promoting education, in line with its vision of building a better and more equitable society.

Subsequent to the year-end, due to the resignation of Ms. Nista U Shetty, Director and Member of the CSR Committee, with effect from July 8, 2025, the Board of Directors, by passing circular resolution reconstituted the CSR Committee. Ms. Hema H. M, Executive Director of the Company, was inducted as a member of the Committee in accordance with the applicable provisions of the Act.

The Annual Report on CSR activities undertaken by the Company during the financial year 2024-25, as required under the Companies (Corporate Social Responsibility Policy) Rules, 2014, is annexed to this Report as Annexure. The CSR Policy of the Company is available on the website and can be accessed at www.denta.co.in.

In terms of Section 135 of the Act read with the Companies (Corporate Social Responsibility Policy) Rules, 2014, as amended from time to time ("CSR Rules") and in accordance with CSR Policy and in accordance with the Annual Action

Plan, your Company allocated an amount equivalent to 2% of the average net profits (calculated as per Section 198 of the Act) of its three (3) immediately preceding financial years for implementation of CSR activities.

Pursuant to the provisions of Section 135(6) of the Companies Act, 2013, there was no unspent amount for the FY 2024-25 pertaining to ongoing projects which has to be transferred to a separate bank on or by April 30, 2025.

Further, during the year, your Company implemented the following CSR projects:

a) "Providing Infrastructure Facilities, Refurbishing, Restoration & Renovation of Government Pre-Graduation College (FHigh School Division), Santhebachahalli, K.R.Pete Taluk, Mandya District"

The details of the aforesaid projects are covered in the annual report on our CSR activities forming part of this Board's Report.

The CSR Committee of the Board has been constantly reviewing the projects and gives directions to expedite implementation of the projects undertaken.

Statutory Auditors

The Statutory Auditors of the Company i.e Maheshwari & Co have submitted Independent Auditors' reports for FY 2024-25 and is forming part of this Annual Report. The Auditor's Report on Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, does not contain any qualification, reservation or adverse remark.

Cost Auditor

Pursuant to the provisions of the Section 148(1) ofthe Act, Girish G R & Associates,Practicing Cost Accountant (Membership No.40207) was appointed as the Cost Auditor of the Company, for conducting the audit of cost records for the FY 2024-25. The audit of cost records is in progress and report by the Cost Auditor will be filed with the Authority within the prescribed time. A proposal for ratification of remuneration of the Cost Auditors for the FY 2025-26 will be placed before the Members of the Company at the ensuing AGM. The cost records, as applicable to the Company are maintained in accordance with the Section 148(1) ofthe Act

Secretarial Auditors

The Board of Directors had appointed R.N Bhat and Associates Practicing Company Secretaries, Bengaluru as the Secretarial Auditors of the Company for the FY 2024-25. The Secretarial Audit Report was placed before the Board and it does not contain any qualification, reservation or adverse remark. The

Report of the Secretarial Auditors is enclosed as Annexure to the Board's Report. Your Board has on May 28, 2025, appointed R.N Bhat and Associates Practicing Company Secretaries, Bengaluru as the Secretarial Auditors of the Company the board also proposes and recommended the Secretarial auditor to be appointed in the ensuing annual General Meeting for a period of Five Consecutive years to conduct the secretarial Audit from FY 2025-26 to financial year 2029-30.

Internal Auditors

Your Company has established a robust Internal Audit framework comprising both in-house resources through its Corporate Assurance Department and external expertise from M/s S P M L & Associates, Chartered Accountants. The Internal Audit function is designed to provide independent, objective assurance and consulting services aimed at adding value and enhancing the efficiency and effectiveness of the Company's operations.

The Internal Auditors report directly to the Audit Committee and make detailed presentations at its meetings, covering key business areas and control environments as required by the Committee from time to time. The Internal Audit activities are conducted jointly by M/s S P M L & Associates, Chartered Accountants, and the Corporate Assurance Department, ensuring a comprehensive and systematic approach to risk management and internal controls.

During the year under review, no instances of fraud have been reported by the Internal Auditors to the Audit Committee or the Board of Directors under Section 143(12) of the Companies Act, 2013 and the rules made thereunder.

(A) Conservation of energy

Pursuant to Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014, the Company has undertaken various initiatives to conserve energy and adopt advanced technologies in its operations. As a water infrastructure solutions company, we are inherently focused on sustainable practices. During the year, we continued to implement energy- efficient systems in our project execution and operational processes, including the use of energy-saving pumps, smart monitoring systems.

(i) The steps taken or impact on conservation of energy: Encouraging employees to turn off lights and electronics when not in use, taking the stairs when possible.

(ii) (ii) The capital investment on energy conservation equipment: NA

(B) Technology absorption-

The Company is also committed to technological advancement and has made continued efforts towards the absorption and adaptation of modern technologies relevant to its business. These initiatives have contributed to operational efficiency, improved service delivery, and cost effectiveness.

(C) Foreign exchange earnings and Outgo

During the financial year under review, the Company's foreign exchange earnings and outgo were as follows:

• Foreign Exchange Earnings: R Nil

• Foreign Exchange Outgo: ^2,54,4607-

Deposits:

Your Company has not accepted any deposit within the meaning of Sections 73 and 74 of the Act, read with the Companies (Acceptance of Deposits) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force), during the year under review.

Secretarial Standards:

The Company has complied with applicable Secretarial Standards issued by the ICSI.

Significant and Material Orders Passed by the Regulators or Courts or Tribunals Impacting the Going Concern Status And Company's Operations In Future

a. There are no significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and Company's operations in future.

b. There was no instance of one-time settlement with any bank or financial institution.

Insolvency And Bankruptcy Code, 2016

There is no Corporate Insolvency Resolution Process initiated under the Insolvency and Bankruptcy Code, 2016 (IBC).

Particulars of Loans, Guarantees or Investments Made Under Section 186 of The Companies Act, 2013:

There were no loans, guarantees made by the Company under Section 186 of the Companies Act, 2013 during the year under review.

During the year, the Company has made investments in Debt Mutual Funds and Other MF amounting to RS1,86,53,308.46, in compliance with Section 186 of the Companies Act, 2013."

Loans from Directors of the Company:

The Company does not have any loan during the year.

Depository System

Your Company's shares are tradable through electronic mode only. As on the financial year ended March 31, 2025, the total paid-up capital as mentioned above are held in dematerialized mode connected with both the depositories viz. the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) through the Registrar and Transfer Agent (RTA) for the equity shares.

Registrar and Transfer Agent (RTA)

The Company has appointed INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED having its registered office at Integrated Registry Management Services Private Limited, No 30 Ramana Residency,4th Cross Sampige Road, Malleswaram, Bengaluru 560 003, Telephone: 080-23460815/816/817/818, Investor grievance e-mail: giri(5)integratedindia.in/ dentaioo(5)integratedindia.in

Website: www.integratedindia.in. SEBI registration number: INR000000544], as its Registrar and Transfer Agent (RTA) for handling all investor-related services including share transfers, transmission, dematerialization, rematerialization, dividend distribution, and other allied activities. Shareholders are requested to correspond directly with the RTA for all queries relating to their shareholding.

Acknowledgements

The Board of Directors places on record its sincere appreciation and gratitude to the Banks, Financial Institutions, Lenders, Joint Venture Partners, Business Associates, Customers, the Government of India, various State Governments, Regulatory and Statutory Authorities, Investors, Shareholders, Corporations, Municipalities, and all other stakeholders for their continued support, guidance, and cooperation extended to the Company.

The Board also acknowledges and deeply appreciates the commitment, dedication, and hard work of the employees at all levels, who continue to be the driving force behind the Company's performance and grow.