We are pleased to present the 44th Annual Report of the Company as follows:

FINANCIAL RESULTS

Exceptional items (net) for the year ended 31st March,2024 comprises of:-
De-recognition of liabilities amounting to Rs. 1489.43 lacs to giving effect of NCLT order dt 02.05.2023.
These adjustments, having one-time, non-routine material impact on the financial statements hence, the same has been
disclosed as "Exceptional Items" in the financial statements.

DIVIDEND

Company did not recommend any dividend during the
financial year 2024-25.

INDIAN ACCOUNTING STANDARDS

As per the requirements of the Notification dated
16.02.2015 issued by the Ministry of Corporate Affairs
(MCA) Standalone and the Financial Statement of the
Company for the Financial Year 2024-2025 have been
approved as per Ind AS.

AMOUNT TRANSFERRED TO RESERVES

The Board does not propose to transfer any amount to its
reserves.

NATURE OF INDUSTRY

The Company is directly engaged in the business of

manufacturing of Drums and Barrels.

STATEMENT ON COMPANY'S AFFAIRS

In view of tough competition from local and international
market, the company is making all efforts to increase the
activities.

During the year ended 31st March, 2025, your company
has made Profit after tax of Rs. 360.12 lakhs as against
Profit of Rs. 1451.47 lakhs in the previous year.

NATURE OF INDUSTRY

The Company is in the industry of manufacturing of Drums
and Barrels.

MATERIAL CHANGES SINCE END OF FINANCIAL
YEAR TILL DATE OF THIS REPORT

There have been 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 and the date of this report.

DEPOSITS

The company has not invited or accepted any Deposits as
required under section 73 of the Co's Act from the public
during the year under review.

ASSOCIATES COMPANIES - NIL
SUBSIDIARY COMPANY

The Company does not have any Subsidiary/Joint Venture/
Associate Company as on the year ended 31st March,
2025.

NO FRESH LOAN TAKEN FROM FINANCIAL
INSTITUTIONS

The company has taken a Fresh Loan from a Financial
Institution during the year to the tune of Rs. 1.51 Crore agst
Hypothecation of Machinery and the Company had taken
Valuation on the basis of Valuation of Central Board of
Indirect Taxes and Customs.

PARTICULARS OF LOANS, GUARANTEES AND
INVESTMENT

Particulars of the loans given, Investment made or guarantee
given or security provided and the purpose for which the
loan or guarantee or security is proposed to be utilized by
the recipient of the loan or security are provided, if any to
the Financial Statement.

PARTICULARS OF CHANGE IN BUSINESS

There is no change in the business operations of the
Company.

VOLUNTARY REVISION OF FINANCIAL
STATEMENTS

We state that there is no Voluntary Revision of Financial
Statements during the Financial Year 2024-2025.

WEB ADDRESS

Our Web address is www.eidb.in and all the data including
Annual Report and various others matters are displayed on
our website.

ANNUAL RETURN

The Annual Return has been disseminated on the Company's
website and can be accessed at www.eidb.in under Investor
Relation.

STATUTORY AUDITORS

M/s. Dhiraj & Dheeraj as a Statutory Auditor to conduct
audit of the company's accounts. Qualification/adverse
remarks, if any, of the Auditor are self-explanatory and
do not require any further comments from the side of
management.

COST AUDITOR

Due to changes in the Company's turnover during the
current financial year, cost audit requirements have become
applicable. Accordingly, in compliance with Section 148 of
the Companies Act, the Company has appointed M/s. Raja
Dutta & Co., Cost Accountants, FRN 101555 as the Cost
Auditor for the financial year 2025-26.

SECRETARIAL AUDITORS REPORT

The Secretarial Auditors' Report dated May 21, 2025,
issued by M/s. Pranay Mandhana & Associates are
attached in ANNEXURES forming part of Directors' Report.
As regards the Qualification, the same are self-explanatory.

Qualification/adverse remarks, if any, of the Auditor are
self-explanatory and do not require any further comments
from the side of management.

CONSERVATION OF ENERGY, TECHNOLOGY
ABSORPTION, FOREIGN EXCHANGE EARNING
AND OUTGO

Information in accordance with Section 134(3)(m) of the
Companies Act, 2013 read with the Companies (Disclosure
of Particulars in the Report of Board of Directors) Rules,
2014 is given as below. The disclosure of particulars with
respect to Conservation of Energy is not applicable in the
case of your Company.

Particulars as required under Companies
(Disclosure of Particulars in the Report of
Directors) Rules, 1988 and forming part of
Directors' Report for the year ended 31st March,
2025.

STOCK EXCHANGE BOARD OF DIRECTORS AND KMP'S

The Company is listed on the Bombay Stock Exchange and As on 31.03.2025, our Board of Directors and KMP are as
has duly paid Listing Fees for the year 2025-2026. under:

REPORTING OF FRAUD

The Auditors of the Company have not reported any
instances of Fraud committed against the Company by its
officers or employees as specified Under Section 143(12)
of the Companies Act, 2013.

FAMILIARIZATION PROGRAMME

The details of program for familiarization of Independent
Directors with the Company, their roles, rights,
responsibilities in the Company, nature of the industry
in which the Company operates, business model of the
company and related matters are put on the website of the
company at www.eidb.in.

RISK MANAGEMENT

Pursuant to Section 134(3)(n) of the Companies, Act, 2013,
the Company has adopted a Risk Management Policy for the
identification and implementation of a Risk Mitigation Plan
for the Company. The company has included appropriate
procedures to inform the Board about the Risk Assessment
and minimization procedures. The Board periodically
revisits and reviews the overall Risk Management Plan for
making desired changes in response to the dynamics of the
business.

VIGIL MECHANISM AND WHISTLE BLOWER
POLICY

Details in respect of Vigil Mechanism and Whistle Blower

Policy are provided in the Corporate Governance report
forming Part of this Report.

SIGNIFICANT & MATERIAL ORDERS PASSED BY
THE REGULATORY / JUDICIAL AUTHORITY

There are no significant materials orders passed by The
Regulatory or Courts or Tribunal, which would impact the
going concern status of the company and in its future.

CORPORATE SOCIAL RESPONSIBILITY

The provisions of Corporate Social Responsibility are not
applicable to our Company.

BOARD EVALUATION

In terms of the provisions of Section 134(3)(p) of the
Companies Act, 2013 and Regulation 17(10) of the
SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the Board has carried out an annual
performance evaluation of its own performance, individual
Directors, Chief Financial Officer, Company Secretary as
well as the evaluation of the working of its Board Committees.
Performance evaluation of Independent Directors was done
by the entire Board, excluding the Independent Directors
being evaluated.

The above criteria are broadly based on the Guidance Note
on Board Evaluation issued by the Securities and Exchange
Board of India on January 5, 2017.

INTERNAL CONTROL SYSTEMS

The Company has got internal control system commensurate
to the size and the systems and operations. It is supplemented
by extensive internal audit procedures, reviewed by
Management and Audit Committee. The internal audit
covers all the activities of the company. Company reviews
findings of internal audit system on regular basis and they
are upgraded based on internal audit recommendations.
Your company's statutory Auditors' have confirmed the
adequacy of internal control systems.

DIRECTORS' RESPONSIBILITY STATEMENT UNDER
SECTION 134 (5)

The Board of Directors of the Company confirm that:

1. The preparation of the Annual Account, the applicable
accounting standards have been followed and
wherever required, proper explanations relating to
material departures have been given.

2. Selected such accounting policies and applied them
consistently and made judgements 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 or loss of the
Company for that period.

3. Proper and sufficient care has been taken for the
maintenance of adequate accounting records

in accordance with the provisions of the Act for
safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities.

4. The Accounts have been prepared on a going concern
basis.

5. The Company had laid down internal financial controls
and such internal financial controls are adequate and
were operating efficiently.

6. The Company had devised proper system to ensure
compliance with the provisions of all applicable laws
and such systems were adequate and operating
efficiently.

All documents referred to in the accompanying Notice are
open for inspection at the Registered Office of the Company
during the office hours of the Company on any working
days From September 21, 2025 to September 23, 2025,
between 12.00 noon to 4.00 p.m.

PARTICULARS OF REMUNERATION OF
DIRECTORS/KMP/EMPLOYEES

The details as required under Sec.197 of the Companies
Act, 2013, and Rule 5 of the Companies (Appointment and
Remuneration of Managerial Personnel).

Details of remuneration paid to Directors during
the FY 2024-2025:

Details of remuneration paid to Key Managerial Personnels during the FY 2024-2025:

Note: Mr. Shrikant Kabra resigned as a Company Secretary and Compliance Officer, w.e.f. April 17, 2025.
Mr. Sunil Mahadeo Patil resigned as a Director, w.e.f August 26, 2024

Mrs. Mayuri Choudhary is appointed as a Company Secretary and Compliance officer w.e.f. June 16, 2025.

DIRECTORS SEEKING APPOINTMENTS & RE¬
APPOINTMENT

Disclosure pursuant to Regulation 36 of SEBI (LODR)
Regulation 2015 of the Directors proposed to be appointed
in the AGM are enclosed separately.

CHANGE IN DIRECTORS AND KEY MANAGERIAL
PERSONNEL

A. Appointment of Non-Executive Independent Director

1. Mr. Hitendrakumar Ranka was appointed as an
Independent Director w.e.f. August 26, 2024

2. Mr. Dayanand Sahane was appointed as an
Independent Director w.e.f. August 26, 2024

3. Mr. Sunil Mahadeo Patil resigned as a Director,
w.e.f August 26, 2024

B. Change in Key Managerial Personnel's

Mr. Shrikant Kabra resigned as a Company Secretary
and Compliance Officer, w.e.f. April 17, 2025.

Mrs. Mayuri Choudhary is appointed as a Company
Secretary and Compliance officer w.e.f. June 16, 2025.

The Board places on record the valuable services rendered
by them during their tenure of services with the Company.

Compliance with the Sexual Harassment of
Women at Workplace (Prevention, Prohibition
and Redressal) Act, 2013

The Company has constituted an Internal Complaints
Committee in accordance with the requirements of the
Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013. The Company has
adopted a Policy on Prevention of Sexual Harassment which
is in line with the provisions of the Act and is applicable to
all employees of the Company. The policy ensures a safe
working environment by providing a mechanism for the

redressal of complaints pertaining to sexual harassment.

During the year under review, the Company has conducted
awareness programs and training sessions for employees
and members of the Internal Complaints Committee. No
complaints were received or pending as on March 31,
2025.

Compliance under the Maternity Benefit Act,
1961

The Company is fully compliant with the provisions of the
Maternity Benefit Act, 1961. All eligible women employees
are granted maternity leave and other prescribed benefits
in accordance with the Act. The Company continues to
promote a supportive and inclusive work environment for
women and has made the necessary statutory disclosures
and filings as required under applicable laws and the latest
MCA guidelines.

MANAGEMENT DISCUSSION AND ANALYSIS
REPORT OVERALL (MD & A)

The Management discussion and Analysis Report gives a
detailed account of state of Affairs forms Part of this Annual
Report

CORPORATE GOVERNANCE REPORT

A Report on Corporate Governance along with a Certificate
from Auditors of the Company regarding the compliance
with the conditions of Corporate Governance as stipulated
under Part E of Schedule V of SEBI LODR forms Part of this
Annual Report.

Since the details regarding composition and meetings of the
Board of Directors and its committee are covered under the
Corporate Governance Report, the same are not repeated
here for the sake of brevity.

COMPLIANCE WITH THE PROVISIONS OF
SECRETARIAL STANDARD

The applicable Secretarial Standard i.e. SS-1 and SS-2
relating to the meetings of the Board of Directors' and
General Meetings have been duly complied by the
company.

INSIDER TRADING REGULATIONS & CODE OF
DISCLOSURE

The Board of Directors have adopted the Code of Practice
and procedures for fair disclosure of Unpublished Price
Sensitive Information and Code of Internal Procedures
and conduct for Regulating Monitoring and Reporting of
Trading by Insiders in accordance with the requirements of
the SEBI (Prohibition of Insider Trading) Regulation 2015.

RELATED PARTY TRANSACTIONS

All transactions with related parties during the financial
year 2024-25 were reviewed and approved by the Audit
Committee and are in accordance with the Policy on dealing
with materiality of Related Party Transactions and the
Related Party Framework, formulated and adopted by the
Company. Prior omnibus approval of the Audit Committee
is obtained on a yearly basis for the transactions which
are of unforeseen and repetitive nature. The transactions
entered into pursuant to the omnibus approval so granted

are audited and a statement giving details of all related
party transactions is placed before the Audit Committee for
their approval on a quarterly basis.

The Company in terms of Regulation 23 of the Listing
Regulations shall submit on the date of declaration of its
financial results for the half year, disclosures of related party
transactions on a consolidated basis, in the format specified
in the relevant accounting standards to the stock exchanges.
The Related Party Transactions Policy is available on the
Company's website at www.eidb.in

GREEN INITIATIVES

Electronic copies of the Annual Report 2024-2025 and
the Notice of the AGM are sent to all the members whose
email address are registered with the R&T Agents i.e. MUFG
Intime India Private Limited.

ACKNOWLEDGEMENTS

Your director's place on records their sincere thanks to the
State and Central Government for their co-operation and
dedicated and devoted services rendered by the employees
of the Group of Company at all levels. Your directors
also thank the Bankers, customers, Stakeholders and the
suppliers of services to your Company for their co-operation
and valuable support.

East India Drums & Barrels Manufacturing Limited
(Formerly known as Precision Containeurs Ltd.)

Sd/- Sd/-

Place: Mumbai Madhav J. Valia Madhu Kanadia

Director Director

Date: 25-Aug-2025 DIN: 03381853 DIN: 07049292