whose stewardship continues to anchor the credibility of our sector. To our shareholders, who stood with us when the path was uncertain, your belief in our longterm mission has been a source of strength. And to our Chairperson and Independent Directors, whose wisdom and counsel kept us grounded in reality and focused on the horizon, I owe a particular debt. In 2001, we set out with a simple conviction: that entrepreneurship could help solve the most complex problems of our society. Today, everything we do at the Aavishkaar Group still centres on that belief, and Arohan, serving millions at the very last mile, remains among its most powerful expressions. As we look ahead, we do so with quiet confidence. We are prepared not only to navigate the risks that lie before us, but to seize the opportunities that will rise in their wake. We reaffirm our commitment to building an institution that is resilient, responsible, and relentlessly focused on creating lasting impact. Thank you for your continued trust and partnership. Warm regards, Vineet Chandra Rai Vice Chairman, Board of Directors Founder, Aavishkaar Group | 4 Annual Report | 2025-2026 Vice Chairman’s Address
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