The Directors have pleasure In presenting the Twentieth Annual Report of your Company together with
the Audited Statements of Accounts for the financial year ended March 31, 2025.

| » Statement of Affairs of The Company

I. Company Performance / Principal Activities

The Company is the Investment Manager for various schemes of Quantum Mutual Fund (Fund) which
received SCSI's approval on December 2, 2005.

As on the date of this report, the Company is the Investment Manager for the following Fourteen
Schemes of the Fund:

Rendering of Research / Advisory Services

In addition, to the Investment Management Services, the Company is providing Research / Advisory
Service in Equities to the Sponsor and QIEF and in Fixed income to the Sponsor which is non-binding and
non-discretionary in nature and not in conflict of interest with the activities of Quantum Mutual Fund.
QIEF uses such services for categories of Foreign Portfolio Investors (FPI) as prescribed in the SEBI circular
dated December 16, 2019, as amended from time to time. The Company has process in place to prohibit
access to Inside information of various activities as envisaged under Regulation 24(b) of SEBI (Mutual
Funds) Regulations, 1996 by segregating the Key Personnel, System and Back Office, Bank Account
activity wise.

II. Financial Results

The Company incurred a loss of Rs. 13,84,82,909/- (Rupees Thirteen Crores Eighty-Four Lakhs Eight-Two
Thousand Nine Hundred and Nine only) during the financial year ended March 2025 as compared to a
loss of Rs. 11,31,01,995/- (Rupees Eleven Crores Thirty-One Lakhs One Thousand Nine Hundred and
Ninety-Five only) in the financial year ended March 2024.

The Company does not have any subsidiary or an associate company or a joint venture company.

III. Review of Operations of the Schemes of the Fund
Assets Under Management & No. of Investors:

IV. Performance of The Schemes of The Fund
I. Performance of the Schemes of the Fund

a) Quantum Value Fund - An Open-ended Equity Scheme following a Value Investment Strategy

The resources of the Quantum Value Fund have been invested In line v/ith the investment objective
of the Scheme.

Performance of the Quantum Value Fund Direct Plan-growth Option v/s Tier I Benchmark - BSE 500
TRl and Tier-II Benchmark - BSE 200 TRl as on March 31.2025:

Past performance may or may not be sustained in the future. Returns are calculated on the basis of
Compounded Annualized Growth Rate (CAGR). Different Plans shall have different expense structure.
Load is taken into consideration in scheme returns calculation.

Performance of the Quantum Value Fund Regular Plan-Growth Option v/s Tier - I Benchmark - BSE 500
TRl and Tier - II Benchmark - BSE 200 TRl as on March 31.2025:

Past performance may or may not be sustained in the future. Returns are calculated on the basis of
Compounded Annualized Growth Rate (CAGR). Different Plans shall have different expense structure.
Load is taken into consideration in scheme returns calculation.

b) Quantum Liquid Fund - An Open-ended Liquid Scheme. A relatively low-interest rate risk and
relatively low credit Risk

The resources of the Quantum Liquid Fund have been invested in line with the investment objective of
the Scheme.

Performance of the Quantum Liquid Fund - Direct Plan-Growth Option v/s Benchmark - CRISIL Liquid
Debt A-l fund Index as on March 31, 2025:

Past performance may or may not be sustained in the future, load is not taken into consideration in
scheme returns calculation. Returns for 1 year and above period are calculated on the basis of
Compounded Annualized Growth Rate (CAGR) Different Plans shall have different expense structure.

Performance of the Quantum Liquid Fund - Regular Plan - Growth Option v/s Benchmark - CRISIL Liquid
Debt A-l Index as on March 31. 2025.

Past performance may or may not be sustained In the future, load is not taken into consideration in
scheme returns calculation. Returns for 1 year and above period are calculated on the basis of
Compounded Annualized Growth Rate (CAGR). Different Plans shall have different expense structure.

c) Quantum Gold Fund - An Open-ended Scheme Replicating / Tracking Gold

The resources of the Quantum Gold Fund have been invested in line with the investment objective of
the Scheme.

Performance of the Quantum Gold Fund v/s Benchmark - Domestic Price of Gold as on March 31.2025:

Past performance may or may not be sustained in the future. Returns are calculated on the basis of
Compounded Annualized Growth Rate (CAGR). The Scheme being Exchange Traded Fund has one plan
to invest through stock exchange and having a single expense structure.

d) Quantum Nifty 50 ETF - An Open-ended Scheme Replicating / Tracking Nifty 50 Index

The resources of the Quantum Nifty 50 ETF have been invested in line with the investment objective of
the Scheme.

Performance of the Quantum Nifty 50 CTF v/s Benchmark - Nifty 50 TRI as on March 31, 2025:

Past performance may or may not be sustained in the future. Returns are calculated on the basis of
Compounded Annualized Growth Rate (CAGR). The Scheme being exchange Traded Fund has one plan
to invest through stock exchange and having a single expense structure.

e) Quantum ELSS Tax Saver Fund - An Open-ended Equity Linked Savings Scheme with a Statutory
Lock in of 3 years and Tax Benefit

The resources of the Quantum ELSS Tax Saver Fund have been invested in line with the investment
objective of the Scheme

Performance of the Quantum ELSS Tax Saver fund - Direct Plan-Growth option v/s Tier - I Benchmark -
BSE 500 TRI and Tier - II Benchmark - BSE 200 TRI as on March 31, 2025:

Past performance may or may not be sustained in the future. Returns are calculated on the basis of
Compounded Annualized Growth Rate (CAGR). Different Plans shall have different expense structure.

Performance of the Quantum ELSS Tax Saver Fund - Regular Plan-Growth option v/s Tier - I Benchmark
- BSE 500 TRI and Tier - II Benchmark - BSE 200 TRI as on March 31. 2025:

f) Quantum Equity Fund of Funds - An Open-ended Fund of Funds Scheme Investing in Open Ended
Diversified Equity Schemes of Mutual Funds

The resources of the Quantum Equity Fund of Funds have been invested in line with the investment
objective of the Scheme.

Performance of the Quantum Equity Fund of Funds - Direct Plan-Growth Option v/s Benchmark - BSE
200 TRI as on March 31, 2025:

Past performance may or may not be sustained in the future. Returns are calculated on the basis of
Compounded Annualized Growth Rate (CAGR). Different Plans shall have different expense structure
Load is not taken into consideration in scheme returns calculation.

Performance of the Quantum Equity Fund of Funds - Regular Plan-Growth Option v/s Benchmark - BSF
200TRI as on March 31. 2025:

Past performance may or may not be sustained in the future. Returns are calculated on the basis of
Compounded Annualized Growth Rate (CAGR). Different Plans shall have different expense structure.
Load Is not taken into consideration in scheme returns calculation.

g) Quantum Gold Savings Fund - An Open-ended Fund of Fund Scheme Investing in Quantum Gold
Fund

The resources of the Quantum Gold Savings Fund have been invested in line with the Investment
objective.

Performance of the Quantum Gold. Savings Fund - Direct Plan v/s Benchmark - Domestic Price of Gold
as on March 31. 2025:

Past performance may or may not be sustained in the future. Returns are calculated on the basis of
Compounded Annualized Growth Rate (CAGR). Different Plans shall have different expense structure.

Performance of the Quantum Gold Savings Fund — Regular Plan v/s Benchmark — Domestic Price of Gold

as on March 31,3025:

h) Quantum Multi Asset Fund of Funds - An Open-ended Fund of Funds Scheme Investing In schemes
of Quantum Mutual Fund

The resources of the Quantum Multi Asset Fund of Funds have been invested in line with the investment
objective.

Performance of the Quantum Multi Asset Fund of Funds Direct Plan v/s Benchmark — CRISIL Dynamic
Bond A lll Index (20%) ♦ CRISIL Liquid Debt A-l Index (25%) Nifty 50 TRI (40%) Domestic Price of Gold
(15%) as on March 31. 2025:

Past performance may or may not be sustained in the future. Returns are calculated on the basis of
Compounded Annualized Growth Rate (CAGR). Different Plans shall have different expense structure.
Load is not taken into consideration in scheme returns calculation.

Performance of the Quantum Multi Asset. Fund of Funds - Regular Plan v/s benchmark-crisis Dynamic
Bond A-lll Index (20%) CRISIL Liquid Debt A-l Index (25%) Nifty 50 TRI (40%) Domestic Price of Gold
(15%) as on March 31, 2025:

Past performance may or may not be sustained in the future. Returns are calculated on the basis of
Compounded Annualized Growth Rate (CAGR). Different Plans shall have different expense structure.
Load is not taken into consideration in scheme returns calculation.

i) Quantum Dynamic Bond Fund - An Open-ended Dynamic Debt Scheme Investing Across Duration.
A relatively high-interest rate risk and relatively low credit risk

The resources of the Quantum Dynamic Bond Fund have been invested in line with the investment
objective.

Performance of the Quantum Dynamic Bond Fund - Direct Plan-Growth Option v/s Benchmark - CRISIL
Dynamic Bond A-HI Index as on March 31, 2025:

Past performance may or may not be sustained in the future. Returns are calculated on the basis of
Compounded Annualized Growth Rate (CAGR). Different Plans shall have different expense structure

Past performance may or may not be sustained in the future. Returns are calculated on the basis of
Compounded Annualized Growth Rate (CAGR). Different Plans shall have different expense structure.

J) Quantum ESG Best In Class Strategy Fund - An Open-ended equity scheme investing in companies
following Environment, Social and Governance (ESG) theme assessed through a Best In Class
Strategy.

The resources of the Quantum ESG Best In Class Strategy Fund have been invested in line with the
investment objective.

Performance of the Quantum ESG Best In Class Strategy Fund - Direct Plan-Growth Option v/s
Benchmark - NIFTY100 ESG TRI as on March 31, 202S:

Past performance may or may not be sustained in the future, load is not taken into consideration in
scheme returns calculation. Returns are calculated on the basis of Compounded Annualized Growth Rate
(CAGR). Different Plans shall have different expense structure.

Past performance may or may not be sustained in the future. Load is not taken Into consideration In
scheme returns calculation. Returns are calculated on the basis of Compounded Annualized Growth Rate
(CAGR). Different Plans shall have different expense structure.

k) Quantum Nifty 50 ETF Fund of Fund- An Open-Ended Fund of Fund Scheme Investing in units of
Quantum Nifty 50 ETF

The resources of Quantum Nifty 50 RTF Fund of Fund have been invested in line with the investment
objective of the Scheme.

Performance of the Quantum Nifty 50 ETF Fund of Fund - Direct Plan v/s Benchmark - Nifty 50 TRI as on
March 31. 2025:

Past performance may or may not be sustained in the future. Returns are calculated on the basis of
Compounded Annualized Growth Rate (CAGR). Different Plans shall have different expense structure.

Performance of the Quantum Nifty 50 ETF fund of fund - Regular Plan v/s Benchmark - Nifty 50TRI as
on March 31. 2025:

Past performance may or may not be sustained in the future. Returns are calculated on the basis of
Compounded Annualized Growth Rate (CAGR). Different Plans shall have different expense structure.

I) Quantum Small Cap Fund - An Open Ended-Equity Scheme Predominantly Investing in Small Cap
Stocks

The resources of Quantum Small Cap Fund have been invested in line with the investment objective of
the Scheme.

Performance of the Quantum Small Cap Fund - Direct Plan-Growth Option v/s Benchmark - BSE 250
SmallCap TRI as on March 31. 2025.

Past performance may or may not be sustained In the future. Load is not taken into consideration in
scheme returns calculation. Returns arc calculated on the basis of Compounded Annualized Growth Rate
(CAGR). Different Plans shall have different expense structure.

Performance of the Quantum Small Cap Fund - Regular Plan-Growth Option v/s Benchmark - BSE 250
SmallCap TRI as on March 31. 2025;

Past performance may or may not be sustained in the future, load is not taken into consideration In
scheme returns calculation. Returns are calculated on the basis of Compounded Annualized Growth Rate
(CAGR). Different Plans shall have different expense structure.

m) Quantum Multi Asset Allocation Fund - An Open-Ended Scheme Investing in Equity & Equity
Related Instruments, Debt & Money Market Instruments and Gold Related Instruments

The resources of Quantum Multi Asset Allocation Fund have been invested in line with the investment
objective of the Scheme.

Performance of the Quantum Multi Asset Allocation Fund - Direct Plan-Growth Option v/s Benchmark
- NIFTY 50 TRI (40%) CRISIL Short Duration Debt A-ll Index (45%) Domestic Price of Gold (15%) as on
March 31. 2025:

Past performance may or may not be sustained In the future, load is not taken into consideration in
scheme returns calculation. Returns are calculated on the basis of Compounded Annualized Growth Rate
(CAGR). Different Plans shall have different expense structure.

Performance of the Quantum Multi Asset Allocation Fund - Regular Plan-Growth Option v/s Benchmark
- NIFTY 50 TRI (40%) CRISIL Short Duration Debt A-ll Index (45%) Domestic Price of Gold (15%) as on
31, 2025;

Past performance may or may not be sustained in the future. Load is not taken into consideration in
scheme returns calculation. Returns are calculated on the basis of Compounded Annualized Growth Rate
(CAGR). Different Plans shall have different expense structure.

n) Quantum Ethical Fund - An open-ended equity scheme following an Ethical Theme.

The resources of Quantum Ethical Fund have been invested in line with the investment objective of the
Scheme.

Performance of the Quantum Ethical Fund - Direct Plan-Growth Option v/s Benchmark - NIFTY 5Q0
Shariah TRI as on March 31. 2025:

Past performance may or may not be sustained in the future. Load Is not taken into consideration in
scheme returns calculation. Returns are calculated on the basis of Compounded Annualized Growth Rate
(CAGR). Different Plans shall have different expense structure.

Performance of the Quantum Ethical Fund - Regular Plan-Growth option v/s Benchmark NIFTY 500
Shariah TRI as on March 31. 2025:

Past performance may or may not be sustained in the future. Load is not taken into consideration in
scheme returns calculation. Returns are calculated on the basis of Compounded Annualized Growth Rate
(CAGR). Different Plans shall have different expense structure.

MARKETING QUANTUM MUTUAL FUND - SIMPLE PRODUCTS FOR ALL INVESTORS; CATERING TO
THEIR FINANCIAL NEEDS

The AMC's marketing efforts this year have reinforced its commitment to simplifying investing and
placing investor Interests first, highlighting our transparent, disciplined, and Integrity-driven approach.
The AMC's commitment to a 'true to label, one fund per category" approach has been consistently
communicated across all channels. The core messaging continues to revolve around the 12/20:80 Asset
Allocation Strategy, which serves as a foundational approach for thoughtful long-term investors.

The AMC Is actively implementing an omul-Channel distribution strategy to significantly expand our
investor reach and enhance accessibility. The Initial focus on engaging both offline and digital Mutual
Fund Distributors (MFDs) and Registered Investment Advisors (RIAs) has shown good traction. FY25 was
marked by growth across our omni-channel sales framework. Total gross Inflows reached INR 11,642
crores, a year-over-year growth of 35%. Notably, 36% of total flows came from new customers, mainly
through Intermediary channels. The relationships with the Distributor and RIA (Registered Investment
Advisor) channel have started to yield results, contributing to 66% of the gross flows for the year.

The AMC experienced substantial growth in our investor base, with Unique Investors increasing by 42%
year-on-year to 157,000. The AMC acquired 72,000 new customers, the highest number of investors
ever.

• Companies which have become or ceased to be Subsidiaries, Associates and Joint ventures_

During the year or at any time after the closure of the year and till the date of the Report, the Company
has not acquired or formed any new Subsidiary, Associate or Joint venture

• Change in the nature of business__

There was no change in the nature of business of the Company, during the year under review.

, • Share Capital__

Issue and Allotment of Shares on Rights Basis

The Company has issued and allotted 20,00,000 equity shares of face value Rs.10 {Rupees Ten only) each
at a premium of Rs. 50/- (Rupees Fifty only) aggregating to Rs. 12,00,00,000/- {Rupees Twelve Crores
Only) on right basis to Quantum Advisors Private Limited (Sponsor).

The issued, subscribed and paid-up equity share capital of the Company was Rs 28,60,74,160 divided
into 2,86,07,416 equity shares of 10/- each as on March 31, 2025.

• Dividend__\

The Board of Directors has not recommended any dividend during the year.

• Transfer To General Reserves__ __]

There was no amount transferred to the General Reserves of your Company for the financial year 2024-
2025.

• Material Changes and Commitments Affecting the Financial Position of the Company ]

There have been no material changes and commitments, affecting the financial position of the Company
which occurred between the end of the financial year to which the financial statements relate and the
date of this report.

• Directors _|

The Board of Directors is duly constituted having 5 Directors as on March 31, 2025 No change in
Directors during the year ended March 31, 2025.

\ • Annual Return_ [

In accordance with the requirements under section 92(3) and section 134 (3)(a) of the Act and the
applicable rules, the annual return as on March 31, 2025 is available on the website of the Company viz.
https:// wwwQuantumAMC.com/regulatorv-document.

Number Of Board Meetings

Seven Board Meetings were held during the financial year ended March 31, 2025, on April 26, 2024, May
23, 2024, June 24, 2024, August 22, 2024, October 21, 2024, November 21, 2024 and March 12, 2025.

• Deposits |

During the year under review, your Company has not accepted any deposits as covered under Chapter
V of the Companies Act, 2013.

• Loans, Guarantees or Investments ]

Particulars of loans given, investments made, guarantees given and securities provided which are
covered u/s 186 of the Companies Act, 2013 form part of the notes to the financial statements provided
in this annual report.

• Related Party Transactions

The Company has not executed any contract or arrangement with the Related Party in terms of Section
188 (1) of the Companies Act. 2013 during the financial year ended March 31, 2025.

• The Conservation Of Energy, Technology Absorption, Foreign Exchange Earnings And Outgo; _

As your Company is a service-providing establishment, Your Directors have nothing to report on the
provisions of Part A & B of Rule 8 (3) of the Companies (Accounts) Rules, 2014, read along with the
Section 134 (3) (m| of Companies Act, 2013.

Foreign Exchange Earning's and Outgo

The details of Foreign Exchange Famines and Outgo are as follows:

• Disclosure Under The Sexual Harassment Of Women At Workplace (Prevention, Prohibition And
Redressal) Act, 2013 _

Your Company has a policy and Internal Complaint Committee In accordance with The Harassment of
Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013 ('Act') and Rules made thereunder.
In the Internal Complaint Committee one of the members is Representative of Majlis - NGO which is
working in the field of v/omen's rights for the past 20 years.

During the financial year, the Company has not received any complaint with respect to the sexual
harassment.

• Compliance of the provisions relating to the Maternity Benefit Act, 1961~ |

Your Company has complied with the provisions of the Maternity Benefit Act, 1961, during the year
under review.

• Particulars Of Employees

In accordance with the provisions of rule 5 (2) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 the statement giving the required information of the employees
covered by this section of the Act is annexed as Annexure A to the Directors' Report

i • Risk Management

The Company is the Investment Manager to Quantum Mutual Fund. As per SEBI Master Circular no.
SEBI/HO/IMD/IMD PoD l/P/CIR/2024/90 dated June 27, 2024, risk management function is carried out
by a separate Risk Control Department and the oversight by the Executive Risk Management Committee
of the AMC in accordance with the scope defined by the AMC Board. Portfolio & investment
management risks are discussed and monitored at the Executive Investment Committee and at the
Executive Risk Management Committee of the AMC. Risk Department at the sponsor level supports the
AMC's Risk Management Committee in evaluating the operational risks and effectiveness of control
measures across the Firm in accordance with the regulatory requirements and group level Organizational
Risk Management Policies and procedures.

Key Risk Management Practices:

Risk Assessment:

The objective of risk assessment is to gain a sound understanding of the risks associated with the
business and the processes followed across various departments within the business groups and with a
view to determine the safeguards In the form of controls which arc put in place to reduce the level of
risk. The steps to Risk Assessment are:

• Step 1: Risk Identification

• Step 2: Analysis of control measures

• Step 3: Monitoring of Risk Control Measures

Risk Reporting & Disclosures

Scheme Risks forming part of the Board approved scope of the Fxecutive Investment Committee, are
discussed in a monthly meeting of the committee.

AMC Risks including Scheme Risks forming part of the Board approved scope of the Risk Management
Committee are discussed in a monthly meeting of the committee

The Minutes of both these monthly Committee meetings are placed before the Board of the Company
for their review and noting purpose.

Risks in the nature of critical and high priority are discussed with the management for their feedback and
reported to the Risk Management Committee (RMC) of the Board of Directors of the Trustee Company
as well as RMC of the Board of the Company on a quarterly basis.

In addition to this, independent auditors report based on the points in the said circular and scope of
audit as approved by the Board is placed before the RMC of the Board of the Company and the Board of
Directors of the Trustee Company for their review and noting purposes on a quarterly basis.

| • Details of significant and material orders passed by the Regulators/Courts/Tribunal

There have been no material orders passed by Regulators / Courts/ Tribunal.

_•_Corporate Social Responsibility ("CSR") Activities_]

The Company is not required to undertake any Corporate Social Responsibilities Activities during the
financial year ended March 31,2025 in terms of the provisions of the Companies Act, 2013.

| • Secretarial Standards ~|

The Company has complied with all the applicable Secretarial Standards

| • Internal Financial Controls

The reporting on the adequacy of Internal Financial Controls with reference to financial statements of
the Company and the operating effectiveness of such controls, under section 143{3)(i) of the Act is not
applicable in view of the exemption available to the Company in terms of the notification no. G.S.R.
583(E) dated 13 June 2017 issued by the Ministry of Corporate Affairs, Government of India, read with
General circular No. 08/2017 dated 25 July 2017 as mentioned by the Statutory auditors of the Company
in their Independent Auditor's report for the period under review

• Reporting of Fraud by Auditors_____

During the period under review, the Statutory Auditors has not reported any instance of fraud
committed against the Company by its officers or employees, the details of which need to be mentioned
in the Board's Report.

[ * Auditors & Auditor's Report_ |

At the Nineteenth Annual General Meeting of the Company held on July 25, 2024, M/s. Deloitte Haskins
& Sells LLP- ICAI Registration No. 11736GW/W-100018, have been appointed as the Statutory Auditors
of the Company to hold office from the conclusion of the 19th Annual General Meeting until the
conclusion of the 24th Annual General Meeting of the Company. Further, the Company has received a
certificate from M/s. Deloitte Haskins & Sells LLP, Chartered Accountants ILP to the effect that if their
appointment is continued, it would be in accordance with the provisions of section 141 of the Companies
Act, 2013.

The Report given by the Statutory Auditors on the financial statements of the Company is part of the
Annual Report.

There has been no qualification, reservation, adverse remark or disclaimer given by the Auditors in their
Report.

The Auditors have mentioned in their report that the Company has used a payroll processing software,
operated by a third-party, for maintaining its books of accounts. Based on an independent auditor's
System and Organization controls report (of the third party) which covers the requirements of audit
trail for the period from April 1, 2024 to December 31, 2024, the Company has used an accounting
software for maintaining its books of account which has a feature of recording audit trail (edit log)
facility at the application and database level and the same has operated during the period April 1, 2024
till December 31, 2024 except that the audit trail feature was not enabled from April 1, 2024 to
December 19,2024. Consequent to this, the auditors were unable to comment whether there were any
instances of the audit trail feature being tampered v/ith during this period.

Further, no Instance of audit trail feature being tampered with has been reported In such independent auditor*s
report of the third party for the period for which the audit trail feature was enabled and operating.

Further, the auditor's have mentioned that, in the absence of such auditor's report covering the audit
trail requirement for the remaining period, the auditor's were unable to comment on whether the audit
trail feature of the said software was enabled and operated from 1 January 2025 till 31 March 2025, for
all relevant transactions recorded In the software and whether there was any instance of the audit trail
feature been tampered with.

It is to be noted that the Company has received a bridge letter In continuation to the Independent
Auditor's Report for the period 1 January 2025 till 31 March 2025, from the third-party operator
confirming that the audit trail feature continued to function properly for the period 1 January 2025 till
31 March 2025 and there was no instance of tampering.

• Directors Responsibility Statement____

Your Directors Confirm that:

(a) in the preparation of the annual accounts, the applicable accounting standards had been followed
along with proper explanation relating to material departures;

(b) the Directors had 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 and loss of the
company for that period;

(c) the Directors had taken proper and sufficient care for the maintenance of adequate accounting
records in accordance with the provisions of this Act for safeguarding the assets of the Company and
for preventing and detecting fraud and other irregularities;

(d) the Directors had prepared the annual accounts on a going concern basis; and

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

• Details of difference between amount of the valuation done at the time of One-time Settlement

and the Valuation done while taking loan from the Bank or Financial Institutions along with the
reasons thereof_ _

The above is not applicable to the Company.

• Other Disclosures ______.

Ý Disclosure pertaining to maintenance of cost records as specified by the Central Government
under subsection (1) of Section 148 of the Companies Act, 2013, Is not applicable to the Company.

Ý The Company has not issued equity shares with differential rights as to dividend, voting or
otherwise.

Ý There was no application made or any proceeding pending under the Insolvency and Bankruptcy
Code, 2016 during the year.

• Acknowledgement

The Directors would like to place on record the firm commitment of the employees of the Company for
helping the Company achieve many milestones in a very difficult global environment for financial service
companies.

Your Directors wish to thank the Investors and acknowledge the valuable assistance, support and
guidance provided by Securities and Exchange Board of India and Association of Mutual Funds of India.
Your Directors also appreciate the services and support provided by all concerned Including Registrar &
Transfer Agents, Custodians and Banks.

The Directors also express their gratitude to Quantum Advisors Private limited 3nd Quantum Trustee
Company Private Limited for their support.

On behalf of the Board of Directors
for Quantum Asset Management Company Private Limited

Jimmy A Patel Piyush Thakkar

Managing Director Director

DIN: 00109211 DIN: 09052996

Place: Mumbai
Date: June 23, 2025