73 | Annual Report | 2025-2026 while obtaining loans from Banks or Financial Institutions, along with the reasons thereof, are not applicable. PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS The Board hereby confirms that during the financial year under review, it has not granted any loans, made any investments, or provided guarantees or securities to any person or entity, to which the provisions of Section 186 of the Companies Act, 2013 apply. Accordingly, there are no transactions or disclosures required under this section for the said period. RELATED PARTY TRANSACTIONS All transactions entered into with Related Parties as defined under the Companies Act, 2013 and during the financial year under review were in the ordinary course of business and at an arm’s length pricing basis and do not attract the provisions of Section 188 of the Companies Act, 2013. However, there being no material contracts or arrangements entered into by the Company with related parties at arm’s length basis during the financial year made by the Company, disclosure in Form AOC-2 is not applicable. The details of the transactions with related parties were placed before the Audit Committee and the Board of Directors from time to time and the same is disclosed in Notes to the Financial Statements. The policy on Related Party Transaction, as approved by the Board, is annexed as Annexure III and forms part of this report. AMOUNT TRANSFERRED TO STATUTORY RESERVES During the financial year under review, the Company earned profit and accordingly during the financial year the Company has transferred an amount of INR 2,446.65 Lakhs to Statutory Reserve as required (20% of Profit after Tax) under Section 45-IC of the RBI Act, 1934. MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY There are no material changes and commitments affecting the financial position of the Company, which have occurred between the end of the financial year to which the financial statements relate i.e. March 31, 2026 and the date of this Report. However, the Company has filed Draft Red Herring Prospectus dated May 15, 2026 with Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Ltd. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO UNDER SECTION 134(3)(m) OF THE COMPANIES ACT, 2013 The provisions of Section 134(3)(m) of the Companies Act, 2013 relating to conservation of energy and technology absorption do not apply to the Company. The Company has however, used information technology extensively in its operations. Foreign Exchange earnings and Outgo Particulars Amount (INR in Lakh) Earnings 0.00 Outgo 7.13 The details of foreign exchange earnings and outgo have also been captured in Notes to the Financial Statements. ANNUAL EVALUATION OF THE BOARD Pursuant to the provisions of Section 178 of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 (SEBI Listing Regulations, 2015), the Nomination and Remuneration Committee has laid down the criteria for performance evaluation on the basis of which the Board has carried out evaluation of its own performance, the performance of Board Committees and of the Directors individually. The Independent Directors of the Company, at their separate meeting have reviewed the performance of all the directors, the Board as a whole and its Committees and the Chairperson of the Company. Further, the Nomination and Remuneration Committee (“NRC”) has carried out evaluation of individual Director’s performance. The Members of the NRC and Board reviewed the performance of all the directors, the Board as a whole and its Committees and the Chairperson of the Company in accordance with the relevant provisions of the Companies Act, 2013 and SEBI Listing Regulations, 2015. The Committee agreed that the effectiveness of participation of the Directors in various meetings of the Board and its Committees was satisfactory.
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