| 94 Annual Report | 2025-2026 Annexures to Director’s Report (f) The Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 as applicable; We further report that, there were no actions/ events in pursuance of; (a) The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011; (b) The Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021; (c) The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021 (d) The Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018; We further report that, based on the information, explanations and records made available to us and as represented by the management, the following laws were identified as specifically applicable to the Company having regard to its business activities. a) Reserve Bank of India Act, 1934 and guidelines, directions and instructions issued by RBI through notifications and circulars relating to Non- Banking Financial Institution laws from time to time. b) Prevention of Money Laundering Act, 2002 and The Prevention of Money-Laundering (Amendment) Act, 2012, as applicable. c) IRDAI (Registration of Corporate Agents) Regulations, 2015 We further report that we have relied upon the representation made by the management of the Company, for compliance with the other applicable laws. We have also examined compliance with the applicable clauses of the following: (i) Secretarial Standards issued by The Institute of Company Secretaries of India and notified under section 118(10) of the Companies Act, 2013 and to the extent amended from time to time. (ii) The Listing Agreements entered into by the Company with BSE Limited read with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended and applicable. During the period under review, the Company has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc. mentioned above. We further report that The Board of Directors of the Company is duly constituted with proper balance of Executive Directors and Non-Executive Directors. The changes in the composition of the Board of Directors that took place during the period under review were carried out in compliance with the provisions of the Act. Adequate notice is given to all directors to schedule the Board Meetings, agenda and detailed notes on agenda were sent at least seven days in advance, and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting. All decisions at Board Meetings and Committee Meetings were carried out unanimously as recorded in the minutes of the meetings of the Board of Directors or Committees of the Board, as the case may be. We further report that there are adequate systems and processes in the company, which commensurate with the size and operations of the Company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines. We further report that the Company has obtained approval of the Members by way of Special Resolution passed at the Extra-Ordinary General Meeting held on March 25, 2026 for undertaking an Initial Public Offering (“IPO”) comprising a fresh issue of equity shares aggregating up to Rs. 7,500 million and/or an offer for sale, and for listing of its equity shares on one or more recognised stock exchanges, pursuant to the provisions of the Companies Act, 2013, SEBI regulations and other applicable laws. We further report that the Company has adopted the altered Articles of Association during the year to confirm the
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