The Board of Directors of your Company takes immense pleasure to present the 7^th (Seventh) Annual Report of
EPACK Durable Limited ("Company" or "EPACK") along with the Audited Financial Statements on Standalone and
Consolidated basis for the Financial Year ended March 31,2026. This report encapsulates the Company's performance,
key developments, corporate governance and governance initiatives undertaken during the year in compliance with
the provisions of the Companies Act, 2013 (the "Act") and regulations prescribed by the Securities and Exchange Board
of India ("SEBI") as applicable to the Company. We extend our sincere gratitude for your continued support.

1. Financial Summary / Performance of the Company (Standalone & Consolidated)

The Company's financial performance is as under:

2. Overview and State of Company's Affairs
Company Overview

Founded in 2003 as an Original Equipment
Manufacturer (OEM) for Room Air Conditioner
(RAC) brands, EPACK Durable Limited has steadily
evolved into one of India's leading Original Design
Manufacturers (ODM) in the consumer durables
and home appliances industry. Over the years,
the Company has built a strong foundation driven
by customer centricity, innovation, engineering
excellence and operational agility, enabling it to
emerge as a trusted manufacturing partner for
leading Indian and global brands.

Presently, the Company offers a diversified portfolio
spanning across Room Air Conditioners (RACs),
Small Domestic Appliances (SDAs), Large Domestic
Appliances (LDAs) and critical components, catering
to evolving consumer needs and industry demands.
Its RAC portfolio includes indoor units, outdoor units
and window air conditioners, while the SDA segment
comprises products such as induction cooktops,
mixer grinders, water dispensers, air fryers, nutri
blenders and vacuum cleaners. In its LDA segment,
the Company has strengthened its offerings in
air coolers and washing machines, reinforcing its
strategy of diversified growth beyond RACs.

In line with its commitment to backward integration
and manufacturing excellence, the Company
manufactures several critical components in-house,
including sheet metal parts, injection-moulded
components, heat exchangers, copper tubing, cross
flow fans, PCBAs, universal motors and induction
coils. This integrated manufacturing model enables
enhanced quality control, supply chain efficiency,
faster product development and optimised costs,
while reducing dependence on external suppliers.

The Company's state-of-the-art manufacturing
facilities located at Dehradun (Uttarakhand),
Bhiwadi (Rajasthan) and Sri City (Andhra Pradesh)
provide scalable manufacturing capabilities
across product categories. These facilities are
supported by dedicated R&D centres with advanced
testing and development infrastructure to drive
continuous innovation.

During FY 2025-26, the Company diversified its
growth strategy through portfolio expansion,
strategic collaborations and entry into adjacent
high-growth segments. The year witnessed the
commencement of washing machine production
and the introduction of new SDA products such
as infrared cooktop, vacuum cleaner and nutri
blender, while the Company also entered into a
Joint Venture Agreement with Bumjin Electronics
Co. Limited to manufacture smart audio products in
India in the near future.

Backed by resilient operations, diversified
capabilities and a future-ready approach, the
Company remains well positioned to capitalise on
emerging opportunities in the consumer durables,
home appliances and component manufacturing
ecosystem while contributing to India's "Atmanirbhar
Bharat" vision.

Operation Highlights

Notwithstanding a challenging external environment,
the Company maintained operational continuity and
delivered consistent output across its manufacturing
facilities during FY26. EBITDA margins stood at
6.01% in FY26 as against 7.26% in FY25, reflecting
the impact of industry-wide headwinds rather
than any structural weakness in the Company's
operations. Working capital days moved to 91 days
in FY26 from 57 days in FY25, largely on account of
elevated channel inventory across the industry and
a demand deferral cycle that affected the broader
FMCD sector. The net debt-to-equity ratio stood
at 0.72x in FY26 as compared to 0.37x in FY25,
reflecting calibrated borrowings to support capacity
and working capital requirements in line with the
Company's growth orientation.

During Fiscal Year 2026, the Company operated
against a backdrop of significant external
disruptions that affected demand conditions across
the air conditioner industry. The Company recorded
an operating income of ' 1,895 crores and an
operating EBITDA of ' 114 crores, with an EBITDA
margin of 6.01%. While revenues and profitability
were impacted by factors outside the Company's
control, the management's focus on cost discipline
and operational efficiency enabled the Company to
sustain positive EBITDA and profitability during the
year. Net profit for the year stood at ' 3.26 crores,
with a PAT margin of 0.17%. The diluted EPS for FY26
stood at ' 0.34.

The moderation in financial performance during
FY26 was attributable to a confluence of adverse
external factors. Unseasonal rainfall during
April-May' 2025 disrupted the peak summer demand
cycle, significantly impacting AC offtake during
the critical selling season. The reduction in GST by
the Government of India on room air conditioners
prompted consumers to defer purchase decisions in
anticipation of revised market pricing, suppressing
near-term demand and leading to elevated channel
inventory levels across the industry. Revisions to
BEE star rating norms further necessitated inventory
and compliance adjustments across the industry.
Additionally, geopolitical developments in West
Asia led to supply constraints and cost escalation
in key raw materials, weighing on input costs and
compressing operating margins during the year.

3. Dividend

In accordance with Regulation 43A of the SEBI
(Listing Obligations and Disclosure Requirements)
Regulations, 2015 ("SEBI LODR Regulations"), the
Board of Directors of the Company has adopted a
Dividend Distribution Policy ('Policy') outlining all
necessary details as per the SEBI LODR Regulations,
is available on the Company's website athttps://
epackdurable.com/code-and-policies/

Further, there has been no change in the said policy
during the period under review.

The Company has not recommended any dividend
for the Financial Year 2025-26, considering the
Company's growth plans.

4. Transfer to Reserves

Details with regard to amount transferred to
reserves (if any) are provided in the notes to Financial
Statements forming part of this Annual Report.

a. Change in Paid-up Share Capital consequent
to allotment under EPACK Employee Stock
Option Scheme 2023 ("EPACK ESOP 2023")

Pursuant to approval of the Nomination and
Remuneration Committee dated September 29,
2025, the paid-up share capital of the Company
has been increased from ' 95,96,77,290
comprising of 9,59,67,729 equity shares of
' 10/- each to ' 96,22,84,770 comprising
of 9,62,28,477 equity shares of ' 10/- each
consequent to allotment of 2,60,748 equity
shares to the eligible employees of the Company
pursuant to exercise of their respective vested
stock options under EPACK ESOP 2023.

b. Incorporation of Wholly Owned Subsidiaries
of the Company

During the year under review, the Company
has incorporated three new wholly owned
subsidiaries as named below:

1. Bumjin India Audio Products Private
Limited incorporated on June 27, 2025.

2. EPACK Electronic Component Private
Limited incorporated on July 23, 2025.

3. EPACK Durable Global Sales L.L.C- FZ,
Meydan Freezone, Dubai incorporated on
September 26, 2025.

c. Joint Venture Agreement with Bumjin
Electronics Co. Limited

During the year under review, the Company
has entered into a Joint Venture Arrangement
("JV Agreement") with Bumjin Electronics Co.
Limited, which is a Company registered in
Republic of Korea ("Bumjin") to enable the
Joint Venture Company ("JV Co.") to carry on
the business of manufacturing and sale of
television speaker, sound bar, AI speaker,
bluetooth speaker and smart speaker,
through e-commerce, other affiliated business
operations and all other relevant activities and
transactions that are mutually agreed between
the parties. The Company will hold 66.67%
stake in the JV Co. and the balance 33.33%
shall be held by Bumjin. The execution of this
JV Agreement was completed on July 24, 2025.

In furtherance of the above, the Company has
incorporated Bumjin India Audio Products
Private Limited as a wholly owned subsidiary of
the Company. As on the date of this Report, the
said company continues to be a wholly owned
subsidiary and shall be converted into the JV Co.

upon investment towards equity by Bumjin in
accordance with the terms of the JV Agreement.

d. Deviation(s)/Variation(s) in use of proceeds
from objects stated in Prospectus

During the previous Financial Year 2024-25, the
utilisation of IPO proceeds was in accordance
with the Objects stated in the Prospectus dated
January 24, 2024.

As on June 30, 2025, out of the total Net
Proceeds of ' 3,793.38 million, the Company
had utilised an aggregate amount of ' 2,019.48
million, constituting approximately 53.24% of
the total Net Proceeds. The unutilised amount
of ' 1,765.16 million excludes approximately
' 8.74 million, which was released to the
Company upon settlement of the actual Offer
expenses during Fiscal 2025-26.

In view of certain business exigencies
and emerging opportunities, the Board of
Directors, upon recommendation of the Audit
Committee, proposed variation in the manner
of utilisation of the unutilised proceeds as per
the details forming part of the Postal Ballot
Notice dated July 1, 2025. Accordingly, the
approval of the members was obtained by way
of Special Resolution passed through Postal
Ballot, the results of which were declared
on August 11, 2025, in accordance with the
provisions of Sections 13 and 27 of the Act and
SEBI Regulations.

As on March 31, 2026, the IPO proceeds have
been fully utilized in accordance with the Objects
of the Issue as stated in the Offer Document
and the Postal Ballot Notice dated July 1,2025.

'Note on IPO Proceeds' forms part of the Financial
Statements forming part of this Annual Report.

6. Share Capital Structure

a. Authorized Share Capital

During the Financial Year under review, there
was no change in the Authorised Share capital.

b. Subscribed and Paid Up Share Capital

The equity shares of the Company were
listed on the Stock Exchanges on January 30,
2024, and from such date the equity shares
of the Company are compulsorily tradable in
electronic form. As on March 31, 2026, and as
on the date of this report, entire (i.e. 100%) paid
up share capital representing 9,62,28,477
equity shares are in dematerialized form.

During the Financial Year ended March 31,
2026, the subscribed and paid-up share capital
of the Company increased from ' 95,96,77,290
comprising of 9,59,67,729 Equity shares of
' 10/- each to ' 96,22,84,770 comprising
of 9,62,28,477 Equity shares of ' 10/- each
pursuant to allotment of 2,60,748 equity shares
of ' 10/- each upon the exercise of stock options
granted under the EPACK ESOP 2023.

7. Employees Stock Options (ESOPs)

To foster employee motivation, reward long-term
contribution, and strengthen retention, the
Company introduced the EPACK Employee Stock
Option Scheme 2023 ("EPACK ESOP 2023"), which
was approved by the Members at the Extra-Ordinary
General Meeting held on July 29, 2023. The scheme
was ratified by the members of the Company on
September 6, 2024, post listing of the securities of
the Company, in terms of the SEBI (Share Based
Employee Benefits and Sweat Equity) Regulations,
2021 ("SEBI SBEB & SE Regulations").

The Scheme extends its benefits to present
and future employees of the Company and its
subsidiaries and associate companies.

The Board during the Financial Year 2023-2024,
approved the grant of 15,68,148 stock options to
eligible employees at an exercise price of ' 152 per
option. Pursuant to this approval, 9,83,863 stock
options were granted on August 1, 2023 under
the first vesting tranche, out of which 1,69,038
Equity Shares of ' 10/- each were allotted upon
exercise. During the Financial Year under review, the
Company allotted 2,60,748 equity shares of ' 10/-
each to eligible employees pursuant to the exercise
of vested options under the 2^nd Tranche, as well as
outstanding options from the 1^st Tranche, under
the said Scheme.

In compliance with the provisions of the Act, read
with Rule 12(9) of Companies (Share Capital and
Debentures) Rules 2014, and SEBI SBEB & SE
Regulations all requisite disclosures pertaining to
the EPACK ESOP 2023 have been made and form
part of this Annual Report as Annexure-I, in the
format prescribed under the said Regulations.
Relevant details of options granted and exercised
during the Financial Year are also disclosed in the
Notes to Accounts of the Standalone Financial
Statements forming part of this Annual Report.

The Company has obtained certificate from
M/s. SBYN & Associates, Practicing Company
Secretaries, confirming that the EPACK ESOP 2023
has been implemented in accordance with the SEBI

SBEB & SE Regulations. The said certificate shall be
made available for inspection by Members at the
ensuing Annual General Meeting.

8. Credit Ratings

The Company has received re-affirmation on
long-term and short-term credit ratings from rating
agency dated January 27, 2026:

ICRA Limited:

Long-term rating: ICRA A (Stable)

Short-term rating: ICRA A2

These ratings reflect the Company's stable outlook
and ability to meet short-term and long-term
obligations effectively.

9. Investor Education and Protection Fund

During the year under review, the Company was
not required to transfer any funds to the Investor
Education and Protection Fund (IEPF) as per the
provisions of Section 125(2) of the Act.

10. Deposits

During the year under review, the Company has
neither invited nor accepted any deposits from
the public within the meaning of Sections 73 and
76 of the Act read with Rules made thereunder.
Consequently, no principal or interest amounts
were outstanding as at March 31, 2026, and there
were no unclaimed or unpaid deposits lying with the
Company during the year under review.

In view of the foregoing, the provisions of Chapter V
of the Act pertaining to "Acceptance of Deposits by
Companies" are not applicable to the Company.

11. Change in the Nature of Business

During the year under review, there has been
no change in the nature of business carried on
by the Company.

12. Consolidation of Financials

In accordance with the provisions of Section 129(3)
of the Act read with the Companies (Accounts) Rules,
2014, the Company has prepared the Consolidated
Financial Statements for the Financial Year 2025-26
in conformity with the applicable Indian Accounting
Standards (Ind AS) issued by the Institute of
Chartered Accountants of India ("ICAI") and as
notified under the Companies (Indian Accounting
Standards) Rules, 2015.

The Audited Consolidated Financial Statements,
together with the Auditors' Reports thereon, form
part of this Annual Report.

13. Subsidiaries, Joint Venture Company and
their Financial Performances

As on March 31, 2026, the Company has four
wholly owned subsidiaries, namely (i) EPACK
Manufacturing Technologies Private Limited,

(ii) Bumjin India Audio Products Private Limited and

(iii) EPACK Electronic Component Private Limited and

(iv) EPACK Durable Global Sales L.L.C-FZ, Meydan
Freezone, Dubai, and one Joint Venture Company,
namely (v) Epavo Electricals Private Limited. A brief
description of each entity is set out hereinbelow:

(i) EPACK Manufacturing Technologies Private
Limited

The Company holds a 100% equity stake in
EPACK Manufacturing Technologies Private
Limited. The subsidiary plays a pivotal role in the
implementation of the Strategic Cooperation
Agreement entered into with Hisense
International Singapore Holding Pte. Limited for
the manufacturing of Room Air Conditioners
("RACs") & home appliances and is expected
to further strengthen the Company's market
position and support its long-term growth.

(ii) Bumjin India Audio Products Private Limited

During the Financial Year 2025-26, the
Company incorporated Bumjin India Audio
Products Private Limited as a wholly owned
subsidiary, with effect from June 27, 2025.
The said subsidiary has been established with
the objective of expanding the Company's
presence in the electronic consumer goods
segment through manufacturing of products
such as TV speaker, sound bar, Al speaker,
Bluetooth speaker and smart speaker and
is yet to commence its operations. As stated
elsewhere in this Report, the said subsidiary
shall be converted into the Joint Venture
Company ("JV Co.") pursuant to the JV Agreement
with Bumjin Electronics Co. Limited ("Bumjin"),
upon investment towards equity by Bumjin in
accordance with the terms thereof.

(iii) EPACK Electronic Component Private
Limited

During the Financial Year 2025-26, the
Company incorporated EPACK Electronic
Component Private Limited ("EECPL") as
a wholly owned subsidiary, with effect
from July 23, 2025. The said subsidiary

has been established with the objective
of manufacturing of Components as per
Electronics Component Manufacturing
Scheme ("ECMS") Category and is yet to
commence its operations. The said subsidiary
has been incorporated with a view to
strengthen the Company's footprint in
the electronics manufacturing segment,
to explore and capitalise on emerging
business opportunities.

(iv) EPACK Durable Global Sales L.L.C- FZ, under
Meydan Freezone, Dubai

During the Financial Year 2025-26, the Company
incorporated "EPACK Durable Global Sales
L.L.C-FZ", under the Meydan Free Zone, Dubai,
as a wholly owned subsidiary, with effect from
September 26, 2025. The said subsidiary has
been incorporated to facilitate and strengthen
the Company's business and sales presence in
international markets.

(v) Epavo Electricals Private Limited

Epavo Electricals Private Limited ("Epavo") is
a Joint Venture Company incorporated on
August 26, 2020.

The Company holds a 50% equity stake in
Epavo, with the remaining 50% being held by
Ram Ratna Wires Limited, a Company listed
on the Bombay Stock Exchange and National
Stock Exchange.

The Joint Venture has been established
for the joint development of Brushless
Direct Current ("BLDC") motors for captive
consumption towards the manufacture of
Room Air Conditioners ("RACs"), HVLS fans,
BLDC kit for ceiling fans and related appliances,
thereby enabling the Company to strengthen
its backward integration capabilities,
enhance supply chain efficiency and reduce
dependence on third-party suppliers for this
critical component.

During the year under review, Epavo has
continued to progress on the development
of energy-efficient BLDC Motors for air
conditioners and ceiling fans, thereby
broadening the application and scope of its
product portfolio.

Financial Performance of Subsidiaries and Joint
Venture Company

A statement containing the salient features
of the financial performance of the aforesaid
subsidiaries and Joint Venture Company, in

the prescribed Form AOC-1 pursuant to the
first proviso to Section 129(3) of the Act read
with Rules 5 and 8 of the Companies (Accounts)
Rules, 2014, is annexed to the Consolidated
Financial Statements of the Company forming
part of this Annual Report.

14. Particulars of Loans, Guarantees, Securities
or Investments made under Section 186 of
the Act

Details of loans granted, guarantees issued,
securities provided, and investments made during
the year, as required under Section 186 of the Act,
are included in the Notes to the Audited Financial
Statements forming part of the Annual Report.

15. Related Party Transactions

In terms of Section 188 and other applicable
provisions of the Act read with Regulation 23 of
the SEBI LODR Regulations, the Company has
formulated and adopted a policy on materiality
of Related Party Transactions and on dealing
with Related Party Transactions ("RPT Policy").
The said Policy provides a structured framework
for identification, reporting, approval and
disclosure of transactions entered into between
the Company and its related parties. The RPT
Policy is available on the Company's website at
https://epackdurable.com/code-and-policies.

All Related Party Transactions are placed before the
Audit Committee for its prior approval in accordance
with the applicable provisions of the Act and SEBI
LODR Regulations. Further, prior omnibus approval
of the Audit Committee is obtained for transactions
that are repetitive and foreseeable in nature, in
accordance with the framework prescribed under
the applicable laws and the RPT Policy.

During the Financial Year 2025-26, the Company
has not entered into any material related party
transactions within the meaning of the RPT Policy and
SEBI LODR Regulations. All related party transactions
entered into during the year were in the ordinary
course of business and on an arm's length basis, and
accordingly, the requirement of disclosure in Form
AOC-2 pursuant to Section 134(3)(h) of the Act read
with Section 188 and Rule 8(2) of the Companies
(Accounts) Rules, 2014 is not attracted for the
Financial Year 2025-26. Therefore, Form AOC-2 does
not form part of this Annual Report.

For further details of related party transactions,
members may refer to the Notes to the
Audited Financial Statements forming part of
this Annual Report.

16. Material changes and commitments, if
any, affecting the financial position of the
Company which have occurred between the
end of the Financial Year of the Company to
which the financial statements relate and
the date of the Board's Report

Pursuant to Section 134(3)(l) of the Act, there have
been no material changes or commitments impacting
the financial position of the Company which have
occurred between the end of the financial year to
which the Audited Financial Statements relate, and
the date of the Board's Report.

17. Corporate Governance

At EPACK Durable Limited, corporate governance
is founded on the core principles of integrity,
transparency, accountability and adherence to
the highest regulatory and ethical standards.
The Company is committed to embracing best-in¬
class governance practices, ensuring that the Board
functions effectively, fosters long-term shareholder
value and safeguards the interests of all stakeholders,
including minority shareholders. Timely, accurate
and meaningful disclosures remain a cornerstone of
the Company's governance framework.

Pursuant to Regulation 34 read with Schedule V
of the SEBI LODR Regulations, a detailed Report
on Corporate Governance forms an integral
part of this Annual Report. A certificate from
M/s. SBYN & Associates LLP, Company Secretaries,
confirming compliance with the conditions of
corporate governance as stipulated under the SEBI
LODR Regulations, is annexed to the Corporate
Governance Report.

In furtherance of its commitment to sound
governance, the Company has adopted various
policies, codes and frameworks in alignment with
applicable statutory and regulatory requirements.
All such policies are available on the Company's
website athttps://epackdurable.com/code-and-
policiesfor easy reference by members and
other stakeholders.

18. Board of Directors, its Committees and
Meetings thereof

The Board of Directors ("Board") is responsible for
providing strategic direction, setting policies and
budgets, and overseeing the overall management
and performance of the Company, while acting
in the best interests of the Company and all its
stakeholders. The Board ensures compliance
with applicable legal and regulatory requirements
and serves as the primary driver of sustained and
responsible growth.

The Company has a well-constituted, professional
Board comprising an optimum combination
of Executive, Non-Executive and Independent
Directors, including a Woman Independent
Director, with the right mix of knowledge, skills and
expertise. The Board is collectively committed to
uphold sound principles of corporate governance
and maintaining the highest standards of
ethical conduct.

To support the Board In the effective discharge
of its responsibilities under applicable laws,
regulations and governance standards, the Board
has constituted various Committees, the details of
which are set out in this Annual Report.

In accordance with the provisions of the Act and
SEBI LODR Regulations, the Company holds a
minimum of 4 (Four) Board meetings in each
financial year, ensuring that the Interval between
any two consecutive meetings does not exceed one
hundred and twenty days. Additional meetings of
the Board and its Committees are convened as and
when required for the proper management of the
business and affairs of the Company. Notices and
agendas for all meetings are prepared and circulated
to the Directors well in advance, in compliance with
applicable provisions.

During the Financial Year 2025-26, the Board met
8 (Eight) times. The requisite quorum was present
at all meetings.

A detailed update on the Board and its Committees,
including their composition, the number of
meetings held during the Financial Year 2025-26 and
the attendance of Directors / Committee Members
thereat, is provided in the Corporate Governance
Report forming part of this Annual Report, under
the section titled "Board of Directors".

19. Committee(s) of the Board

In compliance with the provisions of the Act and
the SEBI LODR Regulations and other applicable
laws and regulations, the Board has constituted the
following Committees to assist and support effective
discharge of its functions, duties and responsibilities:

A. Audit Committee

B. Nomination and Remuneration Committee

C. Corporate Social Responsibility Committee

D. Stakeholders' Relationship Committee

E. Risk Management Committee

The Company has an Executive Committee as a
non-statutory internal committee to oversee and
manage the day-to-day operations of the Company.

Further, during the year under review, no additional
statutory or non-statutory committees were
constituted by the Board.

A detailed update on the composition, number of
meetings held, attendance of members and terms
of reference of each of the aforesaid Committees is
provided in Corporate Governance Report forming
part of this Annual Report.

During the year under review, the Board has
accepted all recommendations made by its
Committees. There were no instances where
any recommendation of a Committee was not
accepted by the Board.

20. Adoption of Framework for Identification of
Those Charged with Governance (TCWG)

The Board adopted a formal framework for the
identification of Those Charged with Governance
(TCWG) in accordance with the National Financial
Reporting Authority (NFRA) Circular dated January 7,
2026. The framework institutionalizes the process
for structured and effective two-way communication
between the Company's Statutory Auditors and
TCWG on matters relating to audit, financial
reporting and governance.

In line with the NFRA requirements, the members
of the Audit Committee together with the Managing
Director & CEO have been identified as the
Company's TCWG. A special meeting between the
Board members and the Statutory Auditors was held
on February 16, 2026, which served as the inaugural
TCWG meeting for audit planning for the financial
year 2025-26. Subsequently, the TCWG and the
Statutory Auditors met on May 18, 2026 to review
the key audit observations and matters relating to
the audit of the financial statements for the year
ended March 31,2026.

The framework, as recommended by the Audit
Committee, was formally adopted by the Board
at its meeting held on May 20, 2026, reinforcing
the Company's commitment to robust corporate
governance, transparent financial reporting and
effective auditor engagement.

21. Management Discussion and Analysis
Report

Pursuant to Regulation 34 read with Schedule V
of the SEBI LODR Regulations, the Management
Discussion and Analysis Report for the Financial
Year 2025-26 is presented in a separate section and
forms an integral part of this Annual Report.

22. Vigil Mechanism

In accordance with the provisions of Section 177(9)
of the Act read with Regulation 22 of the SEBI LODR
Regulations, the Company has established a robust
Vigil Mechanism / Whistle Blower Policy to provide
a formal and secure channel for its Directors,
employees and other stakeholders to report
genuine concerns regarding instances of unethical
behaviour, malpractices, misconduct, fraud and
violations of the Company's Code of Conduct,
without fear of retaliation or victimisation.

The said mechanism provides direct access to the
Chairperson of the Audit Committee in appropriate
or exceptional cases, thereby fostering a culture of
transparency, integrity and accountability within
the organisation.

A detailed overview of the Vigil Mechanism is provided
in the Corporate Governance Report forming part of
this Annual Report. The Vigil Mechanism / Whistle
Blower Policy is available on the Company's website
athttps://epackdurable.com/code-and-policies/

23. Risk Management Committee and Policy

Pursuant to the provisions of Section 134(3) of
the Act read with Regulation 21 of the SEBI LODR
Regulations, the Board of Directors has constituted
a Risk Management Committee ("RMC") and has
formulated and adopted a Risk Management Policy
for the Company.

The RMC is responsible forformulating, implementing
and monitoring the Company's Risk Management
Plan, including defining the Company's risk appetite
and tolerance levels. The said Policy outlines the
Company's philosophy and structured approach
towards identification, assessment, mitigation and
monitoring of risks and commensurates with the
Company's strategic objectives.

The Risk Management Policy is available on the
Company's website athttps://epackdurable.com/
code-and-policies/

Further details on the composition, terms of
reference and functioning of the RMC are provided
in the Corporate Governance Report forming part of
this Annual Report.

24. Adequacy of Internal Controls Systems and
Compliance with Laws

The Company has put in place a internal control
framework, commensurate with the nature, scale
and complexity of its operations. The said controls
are designed to ensure operational efficiency,
prevention of misappropriation of funds, protection
of assets, adherence to applicable regulatory
requirements, accuracy and completeness of
financial reporting and timely preparation of reliable
financial information.

To further strengthen the internal control
framework, the Company has engaged M/s Ernst
& Young LLP as its Internal Auditors. The Audit
Committee of the Board periodically reviews
the internal audit findings, observations and
proposed action plans, and provides strategic
direction for continuous improvement in internal
processes and controls.

The Company has also implemented SAP S/4
HANA Enterprise Resource Planning ("ERP")
software as part of its advanced IT infrastructure,
to streamline and integrate key business functions
including real-time resource coordination, material
management, manufacturing, planning and
inventory optimisation. The ERP system facilitates
seamless cross-functional integration and enables
data-driven decision-making. A dedicated IT
team oversees the operation, maintenance and
continuous enhancement of the ERP system to
support the Company's operational efficiency and
growth objectives.

The Board of Directors confirms that the internal
financial controls laid down by the Company are
adequate and were operating effectively during the
Financial Year 2025-26.

25. Significant and material orders passed
by the Regulators or Courts or Tribunals
impacting the going concern status and
Company's operations in future.

During the year under review, no significant
or material orders have been passed by any
Regulator, Court or Tribunal which would impact
the going concern status or the future operations
of the Company.

26. Annual Return

Pursuant to Section 134(3)(a) of the Act read
with Section 92(3) of the Act and Rule 11(1) of the
Companies (Management and Administration)
Rules, 2014, the draft Annual Return of the
Company as on March 31,2026 has been placed on
the Company's website and is available at:https://
epackdurable.com/other-important-information/.
The same will be filed in due course with Ministry of
Corporate Affairs.

27. Directors and Key Managerial Personnel who were appointed/re-appointed or have resigned
during the Year

The following changes took place in the composition of the Board of Directors and Key Managerial Personnel
during the Financial Year 2025-26 and subsequent to the close of Financial Year till date of this report:

a. Directors

The Board places on record its sincere appreciation for the valuable contributions made by Mr. Narayan Lodha,
Mr. Kailash Chandra Jain and Mr. Vibhav Niren Parikh during their respective tenures.

The members of the Company, through postal ballot (the results of which were declared on March 30, 2026),
accorded their approval to (i) the re-appointment of Mr. Bajrang Bothra as Whole-Time Director, with effect
from June 13, 2026; and (ii) the re-appointment of Ms. Priyanka Gulati, Mr. Krishnamachari Narasimhachari,
Mr. Sameer Bhargava, and Mr. Shashank Agarwal as Independent Directors of the Company, with effect
from July 29, 2026.

b. Kev Managerial Personnel

The Board of Directors, based on the
recommendation of the Nomination and
Remuneration Committee, proposed the
re-appointment of Mr. Ajay DD Singhania as
Managing Director of the Company, subject to
the approval of the members at the ensuing
Annual General Meeting. The relevant details
pertaining to his re-appointment, as required
under Regulation 36(3) of the SEBI LODR
Regulations and Secretarial Standard-2 on
General Meetings ("SS-2"), are provided in the
Notice of the ensuing Annual General Meeting
forming part of this Annual Report.

Subsequent to the close of the Financial Year
2025-26 and based on the recommendation
of the Nomination and Remuneration
Committee, the Board of Directors appointed
Ms. Esha Gupta as Company Secretary and
Compliance Officer of the Company with effect
from May 20, 2026.

28. Directors liable to retire by rotation

In accordance with the provisions of Section 152(6)
of the Act read with the Articles of Association of the
Company, Mr. Ajay DD Singhania, Managing Director
(DIN: 00107555), being eligible and been longest in
office since his last appointment, retires by rotation
at the ensuing Annual General Meeting.

Based on the recommendation of the Nomination
and Remuneration Committee, the Board of
Directors propose his re-appointment as a
Managing Director, subject to the approval of
the members at the ensuing Annual General
Meeting. Mr. Ajay DD Singhania has expressed
his willingness to be re-appointed. The relevant
details pertaining to his re-appointment, as
required under Regulation 36(3) of the SEBI LODR
Regulations and SS-2, are provided in the Notice
of the ensuing Annual General Meeting forming
part of this Annual Report.

As on the date of this Report, the Board of Directors
comprises 9 (Nine) Directors, including 5 (Five)
Independent Directors. All Independent Directors
have been duly appointed in compliance with the
applicable provisions of Section 149 of the Act
read with Regulation 16 and 17 of the SEBI LODR
Regulations, and meet the criteria of independence
as prescribed thereunder as per the disclosure
submitted to the Company.

Further details on the composition and tenure
of the Independent Directors are provided in the
Corporate Governance Report forming part of
this Annual Report.

a. Declaration of Independent Directors

The Company has received declarations from
all Independent Directors confirming that
they meet and continue to meet the criteria
of independence as prescribed under Section
149(6) of the Act, Rule 6(3) of the Companies
(Appointment and Qualifications of Directors)
Rules, 2014 and Regulation 16(1)(b) of the SEBI
LODR Regulations.

All Independent Directors have complied with
the Code for Independent Directors prescribed
under Schedule IV to the Act and have affirmed
their adherence to the Company's Code of
Conduct for the Board of Directors and Senior
Management Personnel.

In the opinion of the Board and based on
their requisite disclosures, all Independent
Directors fulfil the conditions specified under
the Act and the SEBI LODR Regulations and are
independent of the Management. The Board
is satisfied with their integrity, expertise
and experience, including their proficiency
as required under applicable laws and
regulations. Further, as required vide Rule 6
(1) & (2) of the Companies (Appointment and
Qualifications of Directors) Rules, 2014, all
Independent Directors have confirmed that
their names are duly registered in the databank
maintained by the Indian Institute of Corporate
Affairs ("IICA"), in compliance with applicable
regulatory requirements.

b. Familiarisation Programme for Independent
Directors

In compliance with Regulation 25(7) of the
SEBI LODR Regulations, the Company has
put in place a Familiarisation Programme for
Independent Directors, designed to acquaint

them with their roles, rights and responsibilities
as Directors, as well as provide insights into the
Company's business model, operations and
industry landscape.

Details of the Familiarisation Programme are
provided in the Corporate Governance Report
forming part of this Annual Report. The said
Programme details are also available on the
Company's website at:https://epackdurable,
com/code-and-policies/

c. Separate Meeting of Independent Directors

In compliance with Schedule IV of the Act and
Regulation 25(3) of the SEBI LODR Regulations, a
separate meeting of the Independent Directors
was held on Monday, March 30, 2026, without
the attendance of Non-Independent Directors.
At the said meeting, the Independent Directors:

• reviewed the performance of the

Non-Independent Directors and the

Board as a whole;

• reviewed the performance of the

Chairperson of the Company, taking into
account the views of the Executive and
Non-Executive Directors; and

• assessed the quality, quantity and
timeliness of flow of information between
the Management and the Board, necessary
for the Board to effectively and reasonably
perform its duties.

30. Board and Director's Evaluation

Pursuant to the provisions of Section 134 of the Act,
read with the SEBI LODR Regulations, the Board of
Directors has carried out the annual performance
evaluation of the Board as a whole, its Committees
and individual Directors for the Financial Year
2025-26 based on the criteria approved by the
Nomination and Remuneration Committee.

The evaluation criteria included Board composition
and structure, effectiveness of Board processes,
quality of information and functioning, and other
relevant parameters. The performance evaluation of
Independent Directors was carried out by the entire
Board, excluding the Director being evaluated.

Thereafter, in the separate meeting of Independent
Directors held on March 30, 2026, the performance
of the Non-Independent Directors, the Board
as a whole and the Chairperson was evaluated,
taking into account the views of the Executive and
Non-Executive Directors.

a. Statutory Auditors

M/s Deloitte Haskins & Sells, Chartered
Accountants (Firm Registration No.
015125N) were appointed as the Statutory
Auditors of the Company at the Annual General
Meeting held on November 26, 2021, for a first
term of five consecutive years, pursuant to
Section 139 of the Act.

Details of the qualification, reservation or
adverse remark or disclaimer made by the
Statutory Auditors in their report on the
Financial Statements for the Financial Year
2025-26 of the Company are as follows:

"As stated in Note 48 and 49 of the Consolidated
and Standalone Financial Statement
respectively, trade receivables include disputed
balance of ' 1,961 lakhs, which the Company
believes that it has a high probability of
recovery and consequently, no provision has
been recognised against the disputed dues as
at -the reporting date.

Considering the matter is under legal dispute
and in the absence of sufficient appropriate
evidence regarding assessment of customer's
ability to pay the outstanding dues, the outcome
of these disputes and the ultimate recoverability
of the aforesaid receivables, we are unable to
determine whether any adjustment is required
to the carrying amount of trade receivables, the
allowance for expected credit loss under "Ind
AS 109 - Financial Instruments", and the impact
thereof on profit/ loss and equity."

Management's reply to above qualification
including its impact, as discussed at the Board
meeting held on May 20, 2026:

"Considering the terms of the contract, validity
of the sale transactions, long standing customer
relationship and the Company's right to recover
the receivable amount from the customer the
Company believes that grounds of dispute by
the customer are not tenable and there is a high
probability of recovery of above outstanding
dues. Consequently, no allowance has been
recognised against the said outstanding dues
as at the reporting date."

b. Secretarial Auditors

Pursuant to the provisions of Section 204 of
the Act read with Rule 9 of the Companies
(Appointment and Remuneration of Managerial
Personnel) Rules, 2014 and Regulation 24A of the

SEBI LODR Regulations, M/s SBYN & Associates
LLP, Company Secretaries (Firm Registration
No. L2025UP018500) were appointed as the
Secretarial Auditors of the Company by the
Members at the 6^th Annual General Meeting
held on September 16, 2025, for a term of five
consecutive years commencing from Financial
Year 2025-26 till Financial Year 2029-30.

M/s SBYN & Associates LLP have conducted
the Secretarial Audit of the Company for
the Financial Year ended March 31, 2026.
The Secretarial Audit Report in Form MR-3 is
annexed hereto and forms part of this Report
as Annexure-II.

Details of the qualification, reservation or
adverse remark or disclaimer made by the
Secretarial Auditors in their report are as follows:

"1. Pursuant to the variation in the objects
of the Initial Public Offer, as stated in
the Prospectus dated January 24, 2024
and approved by the shareholders
through Postal Ballot on August 9, 2025,
the Company did not file the Statement
of Deviation or variation, as required
under Regulation 32 of the SEBI (Listing
Obligations and Disclosure Requirements)
Regulations, 2015.

2. Certain entries were not recorded in the
Structured Digital Database (SDD) during
the review period.

3. The Risk Management Committee was
required to review the Risk Management
Policy once every two years, however the
same was not undertaken."

Management's reply to above qualifications,
as discussed at the Board meeting held
on May 20, 2026:

"1. The variation in utilisation of proceeds was
duly approved by the Audit Committee,
Board of Directors, and shareholders
in accordance with the applicable
provisions, and the funds were utilised
strictly in conformity with such approved
variation. However, the filing of the
Statement of Deviation or Variation, as
required under Regulation 32 of the
SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, was
inadvertently missed.

2. The non-recording of the relevant entry in
the Structured Digital Database (SDD) was

inadvertent and unintentional in nature.
The Company has taken note of the
observation regarding certain entries not
being recorded in the Structured Digital
Database (SDD) during the review period.
The lapse was procedural in nature and
did not involve any misuse of unpublished
price sensitive information. The Company
submits that designated persons and
concerned employees were periodically
sensitised regarding compliance with
the SEBI (Prohibition of Insider Trading)
Regulations, including restrictions on
undertaking trading while in possession
of UPSI. The Company has further
strengthened its internal compliance and
monitoring mechanisms.

3. The Company has taken note of
the observation regarding review/
revision of the risk Policy by the Risk
Management Committee within the
prescribed timeline. While the existing
policy framework continued to remain
in force and operational during the
period under review, the formal review/
update by the Committee was delayed.
The Company has since initiated necessary
corrective measures."

c. Cost Auditors

In terms of Section 148 of the Act read with
the Companies (Cost Records and Audit) Rules,
2014, the Company is required to maintain cost
accounting records and have the same audited
annually by a Cost Auditor. The Company
has duly maintained such records for the
Financial Year 2025-26.

M/s Cheena & Associates, Cost Accountants,
having Firm Registration Number (FRN): 000397,
were appointed as the Cost Auditors of the
Company for the Financial Year 2025-26 at the
Board meeting held on May 27, 2025. The Cost
Audit Report for the Financial Year 2025-26 will
be filed with the Ministry of Corporate Affairs
within the prescribed timeline.

Based on the recommendation of the Audit
Committee, the Board ofDirectors, at its meeting
held on May 20, 2026, has re-appointed M/s
Cheena & Associates, Cost Accountants having
Firm Registration Number (FRN): 000397, as the
Cost Auditors of the Company for the Financial
Year 2026-27. M/s Cheena & Associates have
confirmed their eligibility and consented
to act as Cost Auditors for the said year.

As required under Section 148(3) of the Act, the
remuneration payable to the Cost Auditors is
subject to ratification by the Members at the
ensuing Annual General Meeting.

d. Internal Auditors

Pursuant to the provisions of Section 138 of
the Act read with Rule 13 of the Companies
(Accounts) Rules, 2014, the Board of Directors
appointed M/s Ernst & Young LLP as the Internal
Auditors of the Company for the Financial Year
2025-26 at its meeting held on May 27, 2025.

M/s Ernst & Young LLP conducted the internal
audit of the Company for the Financial Year
ended March 31, 2026 and their reports
were periodically reviewed by the Audit
Committee of the Board.

32. Corporate Social Responsibility ("CSR")

The Company remains steadfast in its commitment to
community welfare, actively investing in healthcare,
education, and skill development through strategic
partnerships with non-profit organizations and
social enterprises as part of its Corporate Social
Responsibility (CSR) initiatives.

To ensure effective oversight of these efforts,
the Company has constituted a CSR Committee.
The composition of this Committee is detailed in
the Corporate Governance Report forming part of
this Annual Report.

The Board of Directors has adopted a CSR Policy
in accordance with the provisions of the Act,
outlining the Company's philosophy and approach
towards fulfilling its CSR obligations. The Policy
remained unchanged during the year under review
and is available at:https://epackdurable.com/
code-and-policies/.

The Annual Report on Corporate Social Responsibility
Activities is enclosed as Annexure-III and forms
part of this Annual Report.

33. Business Responsibility and Sustainability
Report ("BRSR")

Pursuant to Regulation 34(2)(f) of the SEBI LODR
Regulations, the Business Responsibility and
Sustainability Report (BRSR) for the Financial
Year ended March 31, 2026, has been prepared
in the prescribed format. The Report provides a
comprehensive overview of the Company's initiatives
from an Environmental, Social, and Governance
(ESG) perspective.

The BRSR forms part of this Annual Report as
Annexure-IV and has been prepared in compliance
with the applicable regulatory requirements.

34. Conservation of Energy, Technology
Absorption and Foreign Exchange Earnings
and Outgo

In accordance with Section 134(3)(m) of the Act read
with Rule 8 of the Companies (Accounts) Rules, 2014,
the particulars relating to Conservation of Energy,
Technology Absorption, and Foreign Exchange
Earnings and Outgo are provided in Annexure-V,
which forms an integral part of this Annual Report.

35. Human Resources

The Company adopts a strategic and forward-looking
approach to talent management, firmly recognizing
employees as key stakeholders in its growth journey.
By continuously embracing new technologies,
evolving business models, and fostering a culture of
learning and adaptability, the Company sustains its
competitive edge in the industry.

As of March 31, 2026, the Company employed
479 staff members and 516 workers directly on its
payroll, in addition to 3,257 contractual workers
engaged through third-party arrangements.

To foster a supportive and collaborative workplace,
the Company invests in continuous learning and
capability-building initiatives aimed at enhancing
employee skills, driving operational excellence,
improving efficiency, and reinforcing quality and
safety practices.

The Company remains committed to providing a
safe, inclusive, and enabling work environment that
encourages both personal and professional growth.
Structured learning and development programmes
are regularly conducted to strengthen functional
competencies, promote continuous improvement,
and ensure adherence to established quality and
safety standards. Through these initiatives, the
Company continues to cultivate a caring, high
performing and future-ready workforce.

Employee Welfare Arrangements

The Company is committed to ensure well-being
of its employees by maintaining comprehensive
welfare arrangements. The Company ensures
that all statutory dues including contributions to
Provident Fund (PF), Employee State Insurance
(ESI), and Labour Welfare Fund (LWF), are duly
remitted to the respective authorities by third party
service provider.

To uphold compliance and transparency, the
Company mandates that proof of such remittances
is submitted periodically, ensuring adherence to
all regulatory requirements and reinforcing its
commitment to employee welfare.

Employees engagement activities:

The Company believes that employee motivation
and engagement are key drivers of a positive
workplace culture. To foster a sense of belonging
and enthusiasm, various initiatives were undertaken
during the year, including:

• Sports Activities: Organized EPACK Cricket
League for employees, promoting teamwork
and engagement.

• Skip-Level Meetings: Skip level meetings
were organized for better communication
across the employees.

• Employee Satisfaction Surveys: Periodic
surveys are conducted to gather employee
feedback and assess satisfaction levels.

• Learning & Development: Various trainings
are conducted on topics such as Intellectual
Property Rights, Code of Conduct, Taxation,
Leadership, and Professional Development.
Sessions on Prevention of Sexual Harassment
(POSH) are also conducted to educate and
empower employees.

• Employee Feedback session: Regular

interactions are conducted between

employees and their Heads of Departments
(HODs) to encourage open communication and
periodic reviews.

• Festival Celebrations: Celebrations for
festivals such as Holi, Diwali, and New Year are
organized across all locations to foster a festive,
inclusive, and engaging work environment.

• Special Day Celebrations: Events such

as Women's Day, Environment Day, etc.,

are observed with special programs and

training sessions.

• Personalized Birthday & Anniversary

Celebrations: Customized emails are sent

to employees on their special days, followed
by monthly celebrations for birthdays and
welcoming new joiners.

These initiatives reflect the Company's
commitment to create a motivated, inclusive and
employee-centric work culture.

36. Particulars of Employees and Remuneration

The disclosures pertaining to remuneration and
other details of Directors and employees, as
required under Section 197(12) of the Act, read
with Rule 5 of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules,
2014, are set out in Annexure-VI, which forms an
integral part of this Report.

37. Nomination and Remuneration Policy

The Company has in place a comprehensive
Nomination and Remuneration Policy governing
the appointment and remuneration of Directors,
Key Managerial Personnels (KMPs), and Senior
Management (SMPs). The Policy sets out the criteria
for determining qualifications, positive attributes,
and independence of Directors, along with other
matters specified under Section 178(3) of the Act
and SEBI LODR Regulations.

In accordance with the Policy, any proposed
appointment of a Director, KMP, or Senior
Management personnel is reviewed and
recommended by the Nomination and Remuneration
Committee prior to approval by the Board.

The Policy remained unchanged during the
year under review and is available on the
Company's website athttps://epackdurable.com/
code-and-policies

38. Disclosures under Sexual Harassment
of Women at Workplace (Prevention,
Prohibition & Redressal) Act, 2013 Read
with Rules ("POSH")

The Company has adopted a Policy on
Prevention of Sexual Harassment of Women
at Workplace and has complied with the
provisions relating to the constitution of an
Internal Committee ("IC") under POSH.

The Company is an equal opportunity employer
and is committed to maintaining a safe, respectful,
and healthy work environment where all employees
can work without fear of prejudice, gender bias, or
sexual harassment. The Company firmly believes
that every employee has the right to be treated with
dignity and respect.

During the Financial Year under review the IC of the
Company did not receive any complaint under POSH:

a. Number of complaints received by the IC during
Financial Year 2025-26: NIL

b. Number of complaints disposed off during
Financial Year 2025-26: NA

c. Number of cases pending for more than
ninety days : NA

39. Reporting of Fraud by Auditors

During the year under review, no instances of fraud
were reported by the Statutory Auditors or the
Internal Auditors under Section 143(12) of the Act
read with the relevant rules, and accordingly, no
such reports were made to the Audit Committee,
the Board of Directors, or the Central Government.

40. Compliance of Applicable Secretarial
Standard

The Company has complied with all applicable
Secretarial Standards issued by the Institute of
Company Secretaries of India (ICSI) pursuant to the
Act, including:

• Secretarial Standard-1 (SS-1) on Meetings of the
Board of Directors; and

• Secretarial Standard-2 (SS-2) on General
Meetings.

41. Directors' Responsibility Statement:

Pursuant to Section 134(5) of the Act, your Directors
hereby confirm that:

i. in the preparation of the annual accounts for
the Financial Year ended March 31, 2026, the
applicable accounting standards have been
followed along with proper explanation relating
to material departures;

ii. the Directors have 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;

iii. the Directors have taken proper and sufficient
care 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;

iv. the Directors have prepared the annual
accounts for the Financial Year ended March 31,
2026 on a going concern basis;

v. the Directors had laid down internal financial
controls to be followed by the Company

and that such internal financial controls are
adequate and were operating effectively;

vi. the Directors have devised proper systems
to ensure compliance with the provisions of
all applicable laws and that such systems are
adequate and operating effectively.

42. Other Disclosures

Your Directors state that during the financial

year under review:

a) There were no instances requiring disclosure
or reporting concerning the issuance of equity
shares with differential rights related to
dividend, voting or any other aspect, nor was
there any buyback of shares.

b) The Company did not have any scheme for
the provision of funds for the purchase of
its own shares by employees or trustees for
their benefit. Accordingly, no disclosure under
Section 67(3) of the Act is required.

c) The Company has neither filed any application
nor has any proceedings pending under the
Insolvency and Bankruptcy Code, 2016.

d) No events have occurred that would necessitate
reporting regarding any difference between
the valuation amount assessed at the time
of a one-time settlement and the valuation
performed while availing loans from banks or
financial institutions.

e) The Company complies with the provisions
relating to the Maternity Benefits Act, 1961.
All eligible women employees have been
extended the statutory benefits prescribed
under the Act, including paid maternity leave,
continuity of salary and service during the
leave period, and post- maternity support such
as nursing breaks and flexible return-to-work
options, as applicable. The Company remains
committed to fostering an inclusive and
supportive work environment that upholds the
rights and welfare of its women employees in
accordance with applicable laws.

43. Acknowledgment

Your Directors place on record their sincere
appreciation for the continued support and
cooperation extended by all stakeholders of the
Company. The Board commends the employees
at all levels for their dedication, commitment, and
valuable contributions to the Company's growth.

Your Directors express their gratitude to the
shareholders for their enduring trust and
confidence in the Company and its management.
The Board also acknowledges the consistent
support received from the Company's vendors,
investors, business partners, and various Central
and State Government authorities, departments,
and agencies, whose cooperation has been integral
to the Company's progress.

For and on behalf of the Board of Directors
For EPACK Durable Limited

Sd/- Sd/-

Bajrang Bothra Ajay DD Singhania

Date: May 20, 2026 Chairman & Whole Time Director Managing Director & CEO

Place: Noida DIN: 00129286 DIN: 00107555