Signature Green Corporation Ltd

To,

The Members,

Your Directors have great pleasure in presenting Forty Third Annual Report along with the Audited Balance Sheet and Profit and Loss Account, for the year ended 31^st March, 2025.

1. FINANCIAL RESULTS:

The Company's performance during the year ended 31^st March, 2025 as compared to the previous financial year, is summarized below:

(Rs. in Hundred)

2. CASH FLOW AND CONSOLIDATED FINANCIAL STATEMENTS

As required under Regulation 34 of the Listing Regulations, a Cash Flow Statement is a Part of Annual Report. Consolidated Financial Statement is not applicable to the Company.

3. STATEMENT OF COMPANY'S AFFAIRS:

During the financial year under review,

(a) the turnover of the Company in the financial year ended as on March 31, 2025 is (INR in Hundreds) NIL as against (INR in Hundreds) NIL the previous year ended as on March 31, 2024; and

(b) the profit of the Company in the financial year ended as on March 31, 2025 is (INR in Hundreds) 30,848.18/- as against profit of (INR in Hundreds) 30,603.22/- in the previous year ended as on March 31, 2024.

4. CHANGE OF NAME AND ALTERATION IN NAME CLAUSE OF THE MEMORANDUM AND ARTICLES OF ASSOCIATION:

The Shareholders of the Company vide Special Resolution dated 16^th March, 2025 passed through Postal Ballot have approved the Change of Name of the Company from Sagar Soya Products Limited to Signature Green Corporation Limited which has approved by Central Registration Centre (CRC), Ministry of Corporate Affairs vide Fresh Certificate of Incorporation dated 06^th April, 2025.

Further, the Company has received approval for Change in Name from Stock Exchange i.e. BSE Limited vide Notice No. 20250430-11 dated 30^th April, 2025 and accordingly the Name of the Company has been changed from Sagar Soya Products Limited to Signature Green Corporation Limited with effect from 07^th May, 2025 on BSE.

3. FUTURE PROSPECTS:

In addition to manufacturing of vegetable oils from Soyabean and other oil seeds and oil cakes by solvent extraction process, the Company has decided to diversify, expand and rebrand its business into various food products and agro-commodity products and therefore decided to expand its area of operations by dealing in various types of food products with the Change in the Name of the Company.

4. CHANGE IN THE NATURE OF BUSINESS, IF ANY:

There was no change in the nature of business of the Company.

5. DIVIDEND AND TRANSFER TO RESERVES:

In order to conserve resources, your directors do not recommend dividend for the year ended 31^st March, 2025 with a view to conserve resources.

No amount is being transferred to reserves during the year under review.

6. TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND:

There was no transfer during the year to the Investor Education and Protection Fund in terms of Section 125 of the Companies Act, 2013.

7. CHANGES IN SHARE CAPITAL:

The authorized share capital of the Company as on March 31, 2025 is INR 3,59,78,670 /- (Indian Rupees Three Crore Fifty Nine Lakhs Seventy Eight Thousand Six Hundred and Seventy Only) divided into 35,97,867 (Thirty Five Lakhs Ninety Seven Thousand Eight Hundred and Sixty Seven) Equity Shares of INR 10/- (Indian Rupee Ten Only) each.

During the year under review, the Company has allotted 33,05,283 (Thirty-Three Lakhs Five Thousand Two Hundred and Eighty-Three) Equity Shares having face value of INR 10/- each to Warrant holders belonging to the Non-Promoter Category upon their requests for Conversion from warrants into equivalent number of equity shares. The said shares were duly listed on the Stock Exchange and the Company has received a Trading approval for the said shares.

• Disclosure regarding issue of equity shares with differential rights

All the equity shares issued by the Company carry similar voting rights and the Company has not issued any equity shares with differential voting rights during the financial year under review.

• Buy Back of Securities

The Company has not bought back any of its securities during the financial year under review.

• Sweat Equity

The Company has not issued any Sweat Equity Shares during the financial year under review.

• Bonus Shares

No Bonus Shares were issued during the financial year under review.

• Employees Stock Option Plan

The Company has not provided any Stock Option Scheme to the employees during the financial year.

8. MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY:

The Preferential Issue Committee in their meeting held on 26^th March, 2024, approved allotment of 33,05,283 Share Warrants Convertible into Equivalent Equity Shares to non-promoters against receipt of 25% of the issue price i.e. Rs. 8.5/- (Indian Rupees Eight and Fifty Paise) per share warrants aggregating to Rs. 2,80,94,906/- (Rupees Two Crore Eighty Lakhs Ninety-Four Thousand Nine Hundred Six Only). The same is noted by Preferential Issue Committee of the Company in their meeting held on 23^rd October, 2024

Further, the Company has received aggregate payment of Rs. 5,61,89,798/- (Indian Rupees Five Crores Sixty-One Lakhs Eighty-Nine Thousand Seven Hundred and Ninety-Eight Only), being next 50% share warrants money i.e., Rs. 17/- (Indian Rupees Seventeen) per Share Warrants from allottees belonging to non-promoters' group. The proceeds received were used as per the Objects stated in the Offer Document and there was no deviation or variation of funds.

During the year under review, the Company has allotted 33,05,283 (Thirty-Three Lakhs Five Thousand Two Hundred and Eighty-Three) Equity Shares having face value of INR 10/- each to Warrant holders belonging to the Non-Promoter Category upon their requests for Conversion from warrants into equivalent number of equity shares.

Consequently, the paid-up Share Capital of the Company as at March 31, 2025 stood at 35,97,867 (Thirty Five Lakhs Ninety Seven Thousand Eight Hundred and Sixty Seven) Equity Shares having face value of INR 10/- each amounting to INR 3,59,78,670/- (Rupees Three Crore Fifty Nine Lakhs Seventy Eight Thousand Six Hundred and Seventy Only).

9. DIRECTORS AND KEY MANAGERIAL PERSONNEL:

The composition of the Board is in accordance with the provisions of Section 149 of the Companies Act, 2013 with an optimum combination of Executive, Non-Executive and Independent Directors. The Directors on the Board are persons with proven competency, integrity, experience, leadership qualities, financial and strategic insight. They have a strong commitment to the Company and devote sufficient time to the Meetings.

During the financial year under review:

a) The Shareholders of the Company vide Special Resolution dated 16^th March, 2025 passed through Postal Ballot have reappointed Mr. Chandrakant Patel (DIN: 02590157) as Managing Director of the Company w.e.f 01^st April, 2025 to 31^st March, 2028.

b) Subsequent to the completion of the second term of Mr. Arun Sharma (DIN:00369461) as Independent Director of the Company, he was appointed as Additional Non - Executive Director of the Company with effect FY 2024 - 2025. The proposal for his regularization was not placed before the shareholders in the last Annual General Meeting and hence the Company is proposing to rectify the appointment of Mr. Arun Sharma (DIN:00369461) as Non Executive Non Independent Director w.e.f FY 2024 - 2025 at ensuing Annual General Meeting of the Company.

c) Mr. Mukesh Kumar Seni (DIN: 10998990) was appointed as an Additional Non Executive Independent director w.e.f. 13^th May, 2025 at the Board Meeting of the Company. Pursuant to Section 161 of the Companies Act, 2013, Mr. Mukesh Kumar Seni (DIN: 10998990) hold office up to the date of ensuing Annual General Meeting of the Company. Mr. Mukesh Kumar Seni (DIN: 10998990) has given his consent to act as a Non Executive Independent Director of the Company pursuant to Section 152 of the Companies Act, 2013. He has further confirmed that he is neither disqualified nor debarred from holding the Office of Director under the Companies Act, 2013 or pursuant to any Order issued by SEBI. Accordingly, it is proposed to appoint Mr. Mukesh Kumar Seni (DIN: 10998990) as Non - Executive Independent Director at ensuing Annual General Meeting of the Company for a term of 5 (Five) consecutive years from 13^th May, 2025 to 12^thMay, 2030

In accordance with Section 152 of the Act and the Articles of Association of the Company, Mr. Arvindbhai Chhotabhai Patel (DIN: 00024070) will retire by rotation at the ensuing AGM and being eligible, have offered himself for re-appointment. Based on the recommendation of the NRC, the Board recommends his re-appointment for the approval of the Members of the Company. The brief profile of Mr. Arvindbhai Chhotabhai Patel is included in the Notice of the AGM of the Company.

The Board of Directors duly met 6 (SIX) times during the financial year from 01^st April, 2024 to 31^st March, 2025. The dates on which the meetings were held are as follows:

The intervening gap between the meetings was within the period prescribed under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board has set up various Committees in compliance with the requirements of the business & relevant provisions of applicable laws and layered down well documented terms of references of all the Committees. During the year under review, all the recommendations/ submissions made by the Audit Committee and other Committees of the Board were accepted by the Board.

There are currently three Committees of the Board, as follows:

The 42^nd Annual General Meeting of the Company was held on Wednesday, September 04^th, 2024 at 03.00 PM through Video Conferencing/ Other Audio-Visual Means (VC/OAVM) Facility. Further Postal Ballot process through Remote E-voting was conducted commencing from Saturday, 15^th February, 2025 from 9.00 a.m., (IST) to Sunday, 16^th March, 2025 at 5.00 p.m. (IST) to pass the following resolution: • Alteration in the Name Clause of Memorandum and Article of Association of the Company • Re-appointment of Mr. Chandrakant Bhai Patel as a Managing Director of the Company for a period of 3 (Three) years w.e.f. 01^st April, 2025 to 31^st March, 2028.

During the year there were in total 5 (FIVE) Audit Committee Meetings, 3 (THREE) Nomination & Remuneration Committee, 1 (ONE) Stakeholders Relationship Committee,2 (TWO) Preferential Share Committee and 1 (ONE) meeting of the Independent Directors were held on following dates:

The Nomination & Remuneration Committee of Directors have approved a Policy for Selection, Appointment and Remuneration of Directors which inter-alia requires that composition and remuneration is reasonable and sufficient to attract, retain and motivate Directors, KMP and senior management employees and the Directors appointed shall be of high integrity with relevant expertise and experience so as to have diverse Board and the Policy also lays down the positive attributes/criteria while recommending the candidature for the appointment as Director. The policy on Company's Remuneration and Nomination is posted on Company's website at www.sgcl.in.

All Independent Directors of your Company have submitted their declaration of independence, as required, pursuant to the provisions of Section 149(7) of the Act and Regulation 25(8) of the Listing Regulations, stating that they meet the criteria of independence as provided in Section 149(6) of the Act and Regulation 16(1)(b) of the Listing Regulations, and are not disqualified from continuing as Independent Directors of your Company. Further, in terms of Section 150 of the Act read with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014, all Independent Directors have confirmed that they have registered themselves with databank maintained by the Indian Institute of Corporate Affairs (‘IICA'). These declarations/confirmations have been placed before the Board. Pursuant to Rule 8(5)(iiia) of the Companies (Accounts) Rules, 2014, the Board of Directors hereby affirms that, based on the evaluation conducted and declarations received, it is of the opinion that the Independent Directors appointed during the financial year possess the requisite integrity, expertise, and experience (including proficiency) required for effectively discharging their duties as Independent Directors of the Company.

17. MEETING OF INDEPENDENT DIRECTORS:

As stipulated in the Code of Conduct for Independent Directors under the Act and Listing Regulations, a separate Meeting of Independent Directors of the Company was held on 12^th February, 2025 to review the performance of Non-Independent Directors (including the Chairman) and the Board as a whole. The Independent Directors also assessed the quality, quantity and timeliness of flow of information between the Company Management and the Board, which is necessary to effectively and reasonably perform and discharge their duties. The meeting decided on the process of evaluation of the Board and Audit Committee. It designed the questionnaire on limited parameters and completed the evaluation of the Board by Non-Executive Directors and of the Audit committee by other members of the Board. The same was compiled by Independent authority and informed to the members.

The familiarization program aims to provide Independent Directors with the agricultural industry scenario, the socio-economic environment in which the Company operates, the business model, the operational and financial performance of the Company, significant developments so as to enable them to take well informed decisions in a timely manner. The familiarization program also seeks to update the Directors on the roles, responsibilities, rights and duties under the Act and other statutes. The policy on Company's familiarization program for Independent Directors is posted on Company's website at www.sgcl.in.

The Company's internal controls system has been established on values of integrity and operational excellence and it supports the vision of the Company "To be the most sustainable and competitive Company in our industry". The Company's internal control systems are commensurate with the nature of its business and the size and complexity of its operations. These are routinely tested and certified by Statutory as well as Internal Auditors and their significant audit observations and follow up actions thereon are reported to the Audit Committee on a quarterly basis, specifying the nature, value and terms and conditions of the transactions.

20. DIRECTORS RESPONSIBILITY STATEMENT:

The Board of Directors hereby confirms:

i) That in the preparation of the Annual Financial Statements for the year ended 31^st March, 2025, the applicable accounting standards have been followed along with proper explanation relating to material departures, if any;

ii) That 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/loss of the Company for that period.

iii) That the Directors have taken proper and sufficient care for the maintenances of adequate accounting records in accordance with the provision of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

iv) That the Directors have prepared the Annual accounts on a going concern basis.

v) That the Directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.

vi) That the Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating.

As on 31^st March, 2025, Company has no subsidiaries and associate companies.

However, the Company has given advances for Investment in the Equity Share Capital of Arvind Foods Limited ("Target Company") by acquiring 100% of its shareholding from the existing shareholders.

Your Company did not accept any deposits from the public falling under the ambit of Section 73 of the Companies Act, 2013 (hereinafter referred to as ‘The Act') and the Rules framed thereunder during the year. There are no deposits which have not been claimed by depositors or paid by the Company after the date on which the deposit became due for repayment or renewal, as the case may be, according to the contract with the depositors & there are no total amounts due to the depositors & remaining unclaimed or unpaid.

During the year under review, the Company has not accepted any deposits which are not in compliance with the requirements of Chapter V of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014. Accordingly, there are no such non-compliant deposits to report.

During the financial year under review the provisions regarding maintenance of cost records is not applicable to the Company, therefore the Company is not required to maintain the cost records.

As per section 138 of the Companies Act, 2013, The company has appointed M/s. Ajit Jain & Co., Chartered Accountant (Firm Registration Number: 006199C, Membership No: 074943), as internal auditor of the company for financial year 2025-26 to conduct the internal audit and to ensure adequacy of the Internal controls, adherence to Company's policies and ensure statutory and other compliance through, periodical checks and internal audit and their report is reviewed by the Audit Committee from time to time.

The Company at its 40^th Annual General Meeting held on 26^th September, 2022 appointed M/s. C. P. Jaria & Co, Chartered Accountants (Firm Registration Number: 104058W) appointed as Statutory Auditors of the Company for a period of five consecutive years and who shall hold such office from the conclusion of 40^thAnnual General Meeting till the conclusion of 45^th Annual General Meeting at such remuneration as may be mutually decided by the auditors and the Board of Directors thereof. Further the ratification of their appointment pursuant to Section 139 of the Companies Act, 2013 is not required in terms of notification no. SO 1833(E) dated 7^th May, 2018 issued by the Ministry of Corporate Affairs, and accordingly the item has not been included in the Ordinary Course of Business of this AGM Notice. Further, they have confirmed that they are not disqualified as auditors of the Company under the Companies Act, 2013, the Chartered Accountants Act, 1949 and the rules or regulations made thereunder.

Auditor's report is self-explanatory and therefore does not require further comments and Explanation.

The Company has appointed M/s. HSPN And Associates LLP (Formerly known as HS Associates), Practicing Company Secretaries, as Secretarial Auditor of the Company to carry out the Secretarial Audit for the Financial Year 2024-2025 and to issue Secretarial Audit Report as per the prescribed format under rules in terms of Section 204(1) of the Companies Act, 2013 and Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Their report is appended to this Annual Report as Annexure B to Director's Report.

Further, the Board has appointed M/s. HSPN & Associates LLP, Practicing Company Secretary to conduct Secretarial Audit of the Company for a period of 5 years i.e. from FY 2025-26 to 2029-30, subject to approval of the Members at the ensuing AGM.

As per Section 148 read with Companies (Audit & Auditors) Rules, applicable to cost auditors, the company was not liable to appoint Cost auditors for the financial year 2024-25.

a) Observations of Statutory Auditors on Accounts for the year ended 31^st March, 2025:

There are no qualifications, reservations or adverse remarks or disclaimer made by the Statutory Auditors in respect of financial statements as on and for the year ended 31^st March, 2025.

b) Observations of Secretarial Audit Report for the year ended 31^st March, 2025:

There are no qualifications, reservations or adverse remarks or disclaimer made by the Secretarial Auditors in respect of financial statements as on and for the year ended 31^st March, 2025.

The Board of Directors of the Company has, pursuant to the provisions of Section 177(9) of the Companies Act, 2013 read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014, framed "Vigil Mechanism Policy" for Directors and employees of the Company to provide a mechanism which ensures adequate safeguards to employees and Directors from any victimization on raising of concerns of any violations of legal or regulatory requirements, incorrect or misrepresentation of any financial statements and reports, etc.

The employees of the Company have the right/option to report their concern/grievance to the Chairman of the Audit Committee.

The said Policy is available on the website of the Company at www.sgcl.in.

The Company is committed to adhere to the highest standards of ethical, moral and legal conduct of business operations.

During the year under review, the Statutory Auditors, and Secretarial Auditor 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.

As per Regulation 15(2)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, the compliance with the Corporate Governance provisions shall not apply in respect of the listed entity having paid up equity share capital not exceeding Rs. 10 Crores and Net Worth not exceeding Rs.25 Crores as on the last day of the Previous Financial Year. Since the Company's Paid up Equity capital and the Net Worth fall below the limit mentioned above, compliance with Corporate Governance is not applicable to the Company. Accordingly, as per BSE clarification vide Circular LIST/COMP/12/2019-20 Companies to which the Regulation 15(2)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are not applicable, Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) (Amendments) Regulations, 2018 is also not applicable and not required to submit the Annual Secretarial Compliance Report as well as Disclosure of related party transaction on Consolidated basis under regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to the provisions of Section 134(3) (a) and Section 92(3) of the Companies Act, 2013 read with Rule 12 of the Companies (Management and Administration) Rules, 2014, the Annual return for the Financial Year 2024-25 in WEB Form MGT 7 is furnished on the website of the Company at www.sgcl.in.

The particulars of contracts or arrangements with related parties referred to in Section 188(1), as prescribed in Form AOC - 2 of the rules prescribed under Chapter IX relating to Accounts of Companies under the Companies Act, 2013, is appended as Annexure A.

All related party transactions were placed before the Audit Committee for prior approval. Prior omnibus approval of the Audit Committee is obtained for the transactions which are of unforeseen or repetitive in nature. The details of all such related party transactions entered into pursuant to the omnibus approval of the Committee, were placed before the Audit Committee on a quarterly basis for its review.

Details of Loans granted, Guarantees given or Investments made during the year under review, covered under the provisions of Section 186 of the Companies Act, 2013 are given in the notes to the Financial Statements.

Information on conservation of energy, technology absorption, foreign exchange earnings and out go, is required to be given pursuant to provision of Section 134 of the Companies Act, 2013, read with Rule 8 of the Companies (Accounts) Rules, 2014 is annexed hereto marked as Annexure C and forms part of this report.

34. PARTICULARS OF EMPLOYEES:

No details as required under section 197 (12) of the Companies Act 2013 and Rule 5(2) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, have been provided. The Directors of the Company do not draw any Remuneration.

The Policy of the Company on Directors' appointment and remuneration including criteria for determining qualifications, positive attributes, independence of a Director and other matters provided under sub-section (3) of section 178 is available on Company's website at www.sgcl.in.

The Management's Discussion and Analysis Report for the year under review, as stipulated under regulation 34 (3) and Part B of schedule V of the SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015, is annexed hereto marked Annexure D and forms part of this report.

The Board of Directors affirm that the Company has complied with the applicable Secretarial Standards issued by the Institute of Company Secretaries of India (SS-1 & SS-2) respectively as amended relating to Meetings of the Board and its Committees which have mandatory application and General Meeting.

The Company has in place a mechanism to identify, assess, monitor and mitigate various risks to key business objectives and thus in pursuance of the same it has formulated a Risk Management Policy to ensure compliance with regulation 17 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Major risks identified by the businesses and functions are systematically addressed and also discussed at the meetings of the Audit Committee and the Board of Directors of the Company.

The Company's internal control systems are commensurate with the nature of its business and the size and complexity of its operations. Significant audit observations and follow up actions thereon are reported to the Audit Committee and the risk management policy is available on the website of the company at www.sgcl.in.

In the opinion of the Board, there are no elements of risks threatening the existence of the Company.

The provisions of Section 135 of the Companies Act, 2013 relating to Corporate Social Responsibility are not applicable to the Company for the financial year 2024 - 2025 as the Company does not meet the criteria specified under sub-section (1) of Section 135 of the Act. Accordingly, the Company is not required to constitute a CSR Committee or formulate a CSR Policy.

The Company had received an Email from BSE Limited on 13th June, 2025 wherein Fines were imposed on the Company for Delay in furnishing Prior Intimation about the meeting of the Board of Directors under Regulation 29(2)/29(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR regulations) for quarter and year ended 31^st March, 2025. The Company has paid the Fines imposed on 23^rd June, 2025 and Details of Remittance were sent to BSE via Email on 24^th June, 2025. There is no material impact on financials, operations or other activities of the Company due to this fine.

There are no other orders passed by the Regulators/ Courts which would impact the going concern status of the Company and its future operations.

During the year, the Board adopted a formal mechanism for evaluating its performance and as well as that of its committees and individual Directors, including the Chairman of the Board. The exercise was carried out through a structured evaluation process covering various aspects of the Boards functioning such as composition of the Board & committees, experience & competencies, performance of specific duties & obligations, governance issues etc. Separate exercise was carried out to evaluate the performance of individual Directors including the Board Chairman who were evaluated on parameters such as attendance, contribution at the meetings and otherwise, independent judgment, safeguarding of minority shareholders interest etc.

The evaluation of the Independent Directors was carried out by the entire Board and that of the Chairman and the Non-Independent Directors were carried out by the Independent Directors.

The Directors were satisfied with the evaluation results, which reflected the overall engagement of the Board and its Committees with the Company.

Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013 do not mandate the Company to Sexual Harassment Redressal Mechanism within the Company, as there are not more than 10 employees in the Company. However, as required the following is the details of complaints received and resolved during the year:

During the year, there was no application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 hence the requirement to disclose the details of application made or proceeding pending at the end of financial year is not applicable.

During the year, there were no instances where your Company required the valuation for one time settlement or while taking the loan from the Banks or Financial institutions. The requirement to disclose the details of difference between amount of valuation done at the time of onetime settlement and valuation done while taking loan from the Banks and Financial Institutions along with the reasons thereof is also not applicable.

The Company is in compliance with the provisions of the Maternity Benefit Act, 1961, which ensures maternity benefits to women employees as per applicable law. During the financial year ended March 31, 2025, the provisions of the Act were applicable to the Company; however, no instances arose wherein maternity benefits were availed by any woman employee of the Company as the Company does not have any female Employee.

The Company remains committed to providing a safe, inclusive, and supportive work environment for all employees, in line with applicable laws and best practices.

The Company does not have any Employees Stock Option Scheme in force and hence particulars are not furnished, as the same are not applicable.

The Board of Directors in their Board Meeting held on 06^th November, 2024 have proposed to make an Investment in the Equity Share Capital of Arvind Foods Limited ("Target Company") by acquiring 100% of its shareholding from the existing shareholders. The total investment proposed is up to Rs. 94,00,000/- (Rupees Ninety-Four Lakhs Only). The Company is currently in the process of evaluating and executing the necessary steps for the proposed acquisition.

Your company firmly believes that its success, the market place and a good reputation are among the primary determinants of value to the shareholder. The organizational vision is founded on the principles of good governance and delivering leading-edge products backed with dependable after sales services.

47. ACKNOWLEDGEMENTS:

Your Directors wish to place on record their appreciation of the support which the Company has received from its promoters, lenders, business associates including distributors, vendors and customers, the press and the employees of the Company.

The statements contained in the Board's Report contain certain statements relating to the future and therefore, are forward looking within the meaning of applicable securities, laws and regulations. Various factors such as economic conditions, changes in government regulations, tax regime, other statues, market forces and other associated and incidental factors may however lead to variation in actual results.