The Board of Directors is pleased to present the Thirty-First (31^st) Annual Report of the Company,
along with the Audited Standalone and Consolidated Financial Statements for the Financial Year
ended 31^st March, 2025 outlining the performance, key developments, and strategic initiatives
undertaken by the Company during the year under review.

FINANCIAL HIGHLIGHTS

Your Company's Financial highlights for the year ended 31^st March, 2025 as follows:

The financial statements have been prepared in accordance with the applicable provisions of the
Companies Act, 2013 and the Indian Accounting Standards (Ind AS) as prescribed under Section 133
of the Act, read with relevant rules.

HIGHLIGHTS OF PERFORMANCE

1. REVENUE GROWTH

The company reported strong growth in revenue from operations, reflecting positive business traction
across its segments:

• Standalone revenue increased from ^20,676.58 Cr in FY24 to ^26,663.16 Cr in FY25, marking
a robust 29% year-on-year growth.

• Consolidated revenue rose to ^28,838.01 Cr from ^22,430.29 Cr, a 28.5% growth, suggesting
improved performance from subsidiaries or joint ventures as well.

2. OPERATIONAL PERFORMANCE - Strong EBITDA Growth

The company's EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) saw significant
improvement:

• Standalone EBITDA increased by 50.7%, from ^2,629.82 Cr to ^3,962.58 Cr.

• Consolidated EBITDA grew 46.0%, reaching ^4,084.35 Cr from ^2,797.04 Cr.

3. PROFIT BEFORE TAX (PBT) AND NET PROFIT

Despite higher interest and depreciation expenses, the company maintained healthy profitability:

• Standalone PBT rose 42.9% to ^3,041.47 Cr, while Consolidated PBT was ^2,992.19 Cr, up 39%.

• Net Profit (Standalone) grew by 43.3%, from ^1,582.73 Cr to ^2,268.82 Cr.

• Net Profit (Consolidated) stood at ^2,219.57 Cr, up 38.2%.

4. OVERALL PERFORMANCE: The company has delivered exceptional financial performance in FY

2024-25, with:

• Strong double-digit growth in revenues and profits

• Significant improvement in operating margins (EBITDA)

• Enhanced returns to shareholders through rising EPS

• Continued investments visible through higher depreciation and finance costs

The rising finance costs suggest that the company is in a growth phase, possibly investing in
infrastructure, capacity expansion, or new ventures. Yet, it has managed to maintain and even improve
profitability, reflecting strong management execution and strategic clarity.

KEY FINANCIAL RATIOS (STANDALONE BASIS)

TRANSFER TO GENERAL RESERVES

During the Year under review, no amount has been transferred to General Reserves.

CHANGE IN THE NATURE OF BUSINESS

There was no change in the nature of business during the financial year ended March 31, 2025.

DIVIDEND

The Board of Directors, at their meeting held on Thursday, 31^st July, 2025, declared a final dividend of
Rs. 0.50 (Rupees Fifty Paisa) per equity share, representing a 5% dividend on the face value of Rs. 10
each of the Company's fully paid-up equity capital.

The record date for determining shareholders eligible for the dividend is Tuesday, 19^th August, 2024.
The payment of the dividend is subject to the approval of the shareholders at the upcoming Annual
General Meeting to be held on Tuesday, 26^th August, 2025. Companies are obligated to deduct
applicable income taxes from dividends before payment.

The Company recommended/declared dividends as under:

Pursuant to Section 91 & other applicable provisions of the Act and in accordance with the Regulation
42 of the Listing Regulations, the Register of Members and Share Transfer Book of the Company shall
remain closed from Wednesday, 20^th August, 2025 to Tuesday, 26^th August, 2025 (both days inclusive)
for taking record of the Members of the Company for the purpose of ensuing 31^st Annual General
Meeting.

TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND
PROTECTION FUND

The Company was not required to transfer any unpaid / unclaimed amount of dividend or any shares
to Investor Education and Protection Fund during the financial year ended March 31, 2025.

PERFORMANCE AND FINANCIAL HIGHLIGHTS OF SUBSIDIARY COMPANIES AND
THEIR CONTRIBUTION TO OVERALL PERFORMANCE OF THE COMPANY

Your Company had the following subsidiaries as on March 31, 2025:

1. Silver Touch Technologies Inc.

2. Silver Touch Technologies (UK) Limited

3. Silver Touch Technologies Canada Limited

4. Vision Autotests Private Limited (formerly known as Shark Identity Private Limited)

5. Silver Touch Auto Tech Private Limited

6. Ai4Pharma Tech Limited

None of the above companies ceased to be a subsidiary during the financial year ended 2024-25.
Your Company had the following Joint Venture or Associate Company as on March 31, 2025.

1. Silver Touch Technologies SAS

2. Lime Software Limited

Pursuant to provisions of Section 129(3) of the Act, a statement containing salient features of the
financial statements of the Company's Subsidiaries in Form AOC-1 is enclosed as "Annexure - A" to
this report. The consolidated financial statement of the Company forms part of this annual report.

Pursuant to the provisions of Section 136 of the Act, the financial statements of the Company,
consolidated financial statements along with relevant documents and separate financial statements in
respect of subsidiaries, are available on the website of the Company at
https://www.silvertouch.com/investors/.

As on the financial year ended March 31, 2025, none of the subsidiaries of the Company was identified
as "material subsidiary" within the meaning of Regulation 16(1)(c) of Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements) Regulations 2015 ('SEBI Listing Regulations').

SHARE CAPITAL

The Summary of the Share Capital during the FY 2024-2025 is given below:

BUY BACK OF SECURITIES

The Company has not bought back any of its securities during the year under review.

SWEAT EQUITY

The Company has not issued any Sweat Equity Shares during the year under review.

BONUS SHARES

No Bonus Shares were issued during the year under review.

EMPLOYEES STOCK OPTION PLAN

The Company has not provided any Stock Option Scheme to the employees.

LISTING OF EQUITY SHARES

The Company's equity shares are listed on the National Stock Exchange of India Limited (SYMBOL:
SILVERTUC) and BSE Limited (Scrip Code: 543525).

The company has fulfilled its obligation to pay the Annual listing fees for the financial year 2024-2025
to both of the Stock Exchanges.

CREDIT RATING

During the year under review, The Company has not issued any debt instruments and does not have
any Fixed Deposit Programme or any scheme or proposal involving mobilization of funds in India or
abroad during the financial year ended 31^st March, 2025.

However, your company has obtained Credit rating from Infomerics Valuation and Rating Private
Limited.

DIRECTORS AND KEY MANAGERIAL PERSONNEL AND COMPOSITION OF BOARD

As of March 31, 2025, the Company's Board comprised ten (10) members, including Five (05) Executive
Directors and Five (05) Independent Directors.

Comprehensive details regarding the composition of the Board and its committees, the tenure of
Directors, and other pertinent information are provided in the Corporate Governance Report, which
forms an integral part of this Annual Report. In accordance with applicable listing regulations, the
Board has identified the core skills, expertise, and competencies deemed essential for the effective
discharge of its responsibilities in the context of the Company's business. These key attributes are also
detailed in the Corporate Governance Report.

MEETINGS OF THE BOARD OF DIRECTORS

Four (4) meetings of the Board were held during Financial Year 2024-25. Details of the meetings and
attendance thereat form a part of the Corporate Governance Report.

DIRECTORS LIABLE TO RETIRE BY ROTATION

Mr. Himanshu Jain (DIN: 00454477) and Mr. Palak Vinubhai Shah (DIN: 00306082) retires by rotation
at the ensuing AGM and being eligible, have offered themselves for re-appointment.

Brief details of Mr. Himanshu Jain (DIN: 00454477) and Mr. Palak Vinubhai Shah (DIN: 00306082), who
are seeking re-appointment, are given in the Notice of the Annual General Meeting.

KEY MANAGERIAL PERSONNEL (KMP)

Following are the KMPs of the Company in terms of Section 203 of the Act as on March 31, 2025:

During the Year under review, Mr. Vishnu Harjivanbhai Thaker, Company Secretary and Compliance
Officer of the company resigned with effect from 10^th January, 2025.

*Ms. Kashish Arjunbhai Purohit was appointed as Company Secretary and Compliance Officer of the
company with effect from 31^st January, 2025.

SENIOR MANAGEMENT

As on the date of this report, The Senior Management of the Company comprises of following
person(s):

BOARD GOVERNANCE

Board governance refers to the overall framework that defines the structure and functioning of the
Board of Directors. It encompasses key aspects such as the composition and roles of the Board,
Chairman, and individual Directors; Board diversity; criteria for independence; tenure and retirement
policies; and the formation of various Board committees. It also includes processes related to the
nomination, appointment, induction, and development of Directors, as well as their remuneration.
Additionally, it involves oversight of subsidiary performance, adherence to the code of conduct, and
continuous evaluation of Board effectiveness.

BOARD DIVERSITY

The company acknowledges the importance of board diversity and has established guidelines to
ensure a range of perspectives, including diverse thoughts, knowledge, skills, regional and industry
experience, cultural and geographical background, gender, age, ethnicity, and race. These guidelines
are aligned with applicable laws and regulations and the company's specific business needs.

DECLARATIONS GIVEN BY INDEPENDENT DIRECTORS

Your Company has received necessary declarations and disclosures from its Independent Directors
under Section 149(7) and Section 184(1) of the Act stating that they meet the criteria of independence

as laid down in Section 149(6) of the Companies Act, 2013 and Regulation 16 of the SEBI Listing
Regulations and have disclosed their interest in the Form MBP-1. All the Directors have certified that
they are not disqualified under section 164 of the Act. The Independent Directors have complied with
the Code for Independent Directors prescribed in Schedule IV of the Act.

The Board of the Company has taken the disclosures on record after verifying the due veracity of the
same.

In the opinion of the Board, all the Independent Directors possess the integrity, expertise and
experience including the proficiency required to be Independent Directors of the Company, fulfil the
conditions of independence as specified in the Act and the SEBI Listing Regulations and are
independent of the management and have also complied with the Code for Independent Directors as
prescribed in Schedule IV of the Act. All the Independent Directors of the Company are also registered
with the databank of Independent Directors as required under the provisions of the Companies Act,
2013.

COMPLIANCE WITH CODE OF CONDUCT

All Board members and Senior Management Personnel have affirmed their compliance with the
Company's Code of Conduct for Financial Year 2024-25.

A declaration to this effect signed by the Managing Director & CEO is included in this Report.

COMPLIANCE WITH SECRETARIAL STANDARDS

The Company has complied with the Secretarial Standards ('SS') i.e., SS-1 and SS-2 issued by the
Institute of Company Secretaries of India on Meetings of the Board of Directors and General Meetings
respectively during the financial year ended 2024-25.

DIRECTORS' RESPONSIBILITY STATEMENT

In accordance with the provision of section 134(3)(c) of the Act and based on the information provided
by the Management, the directors state that:

• in the preparation of the annual accounts, the applicable Accounting Standards have been followed
along with proper explanation relating to material departures;

• they 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 Financial Year 2024-25 and of the profit of the Company for that period;

• they 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;

• they have prepared the annual accounts on a going concern basis;

• they have laid down internal financial controls to be followed by the Company and that such internal
financial controls are adequate and were operating effectively; and ¹

BOARD COMMITTEES

The company has established Six (6) committees in accordance with the requirements of the Act, its
associated rules, and the Listing Regulations. Detailed information regarding these committees can be
found in the corporate governance report forming part of this annual report. The following committees
were active during the Financial Year 2024-25.

Details of Committees along with their terms of reference, composition and attendance of Members
at the meeting of the Committees are provided in the Corporate Governance Report.

BOARD COMMITTEES AND NUMBER OF MEETINGS

The report on corporate governance provides detailed information about these meetings, including
those of other committees, their dates, and the attendance of individual directors.

COMMITTEE RECOMMENDATIONS

During the year, recommendations of all the Committees constituted by the Board were in accordance
with the Act and the same were accepted by the Board.

BOARD PROCESSES, PROCEDURES AND PRACTICES

The Company places strong emphasis on maintaining a diverse and knowledgeable Board that actively
contributes toward realizing its vision. It follows structured processes and established best practices
to ensure effective leadership and sound decision-making.

The Board's functioning encompasses key procedural elements such as circulation of agendas,
convening of meetings, decision-making during meetings, finalization of minutes, and oversight of
Board committees. The Company consistently adheres to industry best practices in organizing and
conducting meetings of the Board and its committees.

In compliance with regulatory requirements, the Company ensures that a minimum of four Board
meetings are held annually, with the interval between any two consecutive meetings not exceeding
120 (One Hundred Twenty) days. Notices, detailed agendas, and relevant supporting materials are
circulated in advance to all Directors. In exceptional circumstances, documents may be tabled during
the meeting with the Board's approval, enabling timely and informed deliberations.

Board meetings are designed to promote open, balanced, and constructive discussions, with the
Chairman ensuring that adequate time is allocated for the consideration of strategic matters.

The Company provides the information as set out in Regulation 17 read with Part - A of Schedule II of
the Listing Regulations, to the Board and the Board Committees to the extent it is applicable and
relevant. Such information is submitted either as a part of the agenda papers in advance of the
respective meetings by way of presentation and discussions during the Meetings. With the unanimous

consent of the Board, all Unpublished Price Sensitive Information (UPSI) is circulated to the Board at a
shorter notice before the commencement of the meeting securely.

ANNUAL EVALUATION OF THE BOARD & INDIVIDUALS ON ITS PERFORMANCE AND
COMMITTEES

In accordance with the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, the Board undertook an annual performance evaluation
of its own functioning, that of individual Directors, including Independent Directors, as well as its
various Committees—namely the Audit Committee, Nomination and Remuneration Committee,
Stakeholders Relationship Committee, Corporate Social Responsibility Committee, Internal Complaint
Committee and Tender, Investment and Finance Committee. The evaluation process, details of which
are provided in the Corporate Governance Report, was conducted using a structured questionnaire
designed separately for the Board, its Committees, the Chairman, and individual Directors.

The assessment covered key parameters such as Board effectiveness, transparency and quality of
discussions, information flow between management and Directors, Board dynamics, composition, and
Directors' understanding of their roles and responsibilities. Committee performance was evaluated
based on their effectiveness in discharging their respective mandates. The performance of individual
Directors was also assessed through peer evaluation, focusing on their participation in deliberations,
knowledge of relevant matters, and awareness of evolving trends. The performance evaluation of the
Chairman was carried out by the Independent Directors at a separate meeting in line with the
applicable regulatory requirements.

FAMILIARIZATION PROGRAMMES

To ensure that the Board of Directors remains well-informed and actively engaged, the Company has
instituted a structured and ongoing Familiarization Programme. This programme is aimed at enhancing
Directors' understanding of the Company's business model, industry landscape, regulatory
environment, and strategic direction.

Upon their appointment, every Director is issued a formal letter of appointment that clearly defines
their roles, responsibilities, and expectations. The Familiarization Programme is particularly beneficial
for Independent Directors, providing them with comprehensive insights into the Company's
operations, organizational structure, key policies, and long-term vision.

Directors are continuously updated on significant developments including operational performance,
market trends, regulatory changes, strategic initiatives, and potential risks. These interactions are
designed to facilitate a holistic understanding of the Company's functioning and to enable informed
decision-making at the Board level.

Further, the Company ensures that all Directors are given full access to information, documents, and
management personnel as required, thereby empowering them to discharge their duties effectively.

The detailed policy on the familiarization program is available on the website at
https://www.silvertouch.com/investors/.

COMPANY'S POLICY OF APPOINTMENT OF DIRECTOR'S AND KEY MANAGERIAL
PERSONNEL

In pursuance of the Company's policy to consider human resources as its invaluable assets, to pay
equitable remuneration to all Directors, Key Managerial Personnel ('KMP') and employees of the

Company, to harmonize the aspirations of human resources consistent with the goals of the Company
and in terms of the provisions of the Companies Act 2013, this policy on nomination and remuneration
of Directors, Key Managerial Personnel and Senior Management has been formulated by the
Nomination and Remuneration Committee and approved by the Board of Directors.

The policy is available on the Company's website at https://www.silvertouch.com/investors/.

WHISTLE BLOWER POLICY / VIGIL MECHANISM

Pursuant to the provisions of Section 177(9) & (10) of the Act and Regulation 22 of the SEBI Listing
Regulations read with all applicable law, the Company has formed Vigil Mechanism or Whistle Blower
Policy. The company has implemented a whistleblower policy to allow employees and directors to
safely and confidentially report concerns about workplace issues that negatively affect their work
environment. The Policy/Vigil Mechanism enables directors, employees and other persons to report
their concerns about unethical behaviour, actual or suspected fraud or violation of the Company's
Code of Conduct or ethics policy and leak or suspected leak of unpublished price sensitive information.
During the year under review, there were no complaints received under the above mechanism nor was
any employee denied access to the Audit Committee.

The brief detail about this mechanism may be accessed on the Company's website at the web link at
https://www.silvertouch.com/investors/.

CYBER SECURITY

In view of increased cyber-attack scenarios, the cyber security maturity is reviewed periodically and
the processes, technology controls are being enhanced in-line with the threat scenarios. Your
Company's technology environment is enabled with real time security monitoring with requisite
controls at various layers starting from end user machines to network, application and the data.

CODE FOR PREVENTION OF INSIDER TRADING

Your Company has adopted a Code of Conduct ("Code") to regulate, monitor and report trading in
Company's shares by Company's designated persons and their immediate relatives as per the
requirements under the Securities and Exchange Board of India (Prohibition of Insider Trading)
Regulations, 2015. The Code, inter alia, lays down the procedures to be followed by designated persons
while trading/ dealing in Company's shares and sharing Unpublished Price Sensitive Information
("UPSI"). The Code covers Company's obligation to maintain a digital database, mechanism for
prevention of insider trading and handling of UPSI, and the process to familiarize with the sensitivity
of UPSI. Further, it also includes code for practices and procedures for fair disclosure of unpublished
price sensitive information which has been made available on the Company's website on
https://www.silvertouch.com/investors/.

PARTICULARS OF EMPLOYEES

The information required under Section 197(12) of the Act read with Rule 5(1) of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014, is enclosed as "Annexure - B".

ACCEPTANCE OF PUBLIC DEPOSITS

During the financial year ended 2024-25, Your Company has not accepted any deposits from the public
falling within the purview of provisions of Section 73 of the Companies Act, 2013 ('the Act'), read with
the Companies (Acceptance of Deposits) Rules, 2014. Hence, the requirement for furnishing of details
of deposits and deposits which are not in compliance with Chapter V of the Act as required under Rule
8 (5)(v) of the Companies (Accounts) Rules, 2014 is not applicable.

PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS

The details of loans, investment, guarantees and securities covered under the provisions of section
186 of the Companies Act, 2013 are provided in Note no. 9 of the Financial Statements.

RELATED PARTY TRANSACTIONS

All related party transactions entered into during the financial year were in the ordinary course of
business and conducted on an arm's length basis, in line with the Company's Policy on Related Party
Transactions. These transactions were placed before the Board of Directors and the Audit Committee
for review and approval, wherever required, at the beginning of the financial year. A statement of all
Related Party Transactions was placed before the Audit Committee for its review on a quarterly basis,
specifying the nature and value of the transactions.

The Company did not enter into any material related party transactions during the year under review,
as defined under Section 188 of the Companies Act, 2013 read with the Companies (Meetings of Board
and its Powers) Rules, 2014. Accordingly, the disclosure of particulars of such transactions in Form
AOC-2, as prescribed under Rule 8(2) of the Companies (Accounts) Rules, 2014, is not applicable.

The particulars of contracts or arrangements entered into with the related party are set out in Note
36(d) to the Standalone Financial Statements of the Company forming part of the Annual Report. The
Company in terms of Regulation 23 of the SEBI Listing Regulations submits within the stipulated time
from the date of publication of its standalone and consolidated financial results for the half year,
disclosures of related party transactions to the stock exchanges, in the format specified in the relevant
accounting standards and SEBI.

CORPORATE SOCIAL RESPONSIBILITY (CSR)

As on 31^st March 2025, the CSR committee comprised of Three (3) directors viz., Mr. Vipul Haridas
Thakkar (DIN: 00169558) as Chairman, Mr. Jignesh Amratlal Patel (DIN: 00170562), and Mr. Apurva
Damani (DIN: 03280309) as members.

Detailed information on CSR Policy, its salient features, CSR initiatives undertaken during the year,
details pertaining to spent and excess spent amount forms part of 'Annual Report on CSR activities' as
Annexure C.

The CSR policy has been hosted on the website of the Company and can be accessed at
https://www.silvertouch.com/investors/.

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

The information on conservation of energy, technology absorption and foreign exchange earnings and
outgo stipulated under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of the
Companies (Accounts) Rules, 2014 during the year are as stated below.

STATUTORY AUDITORS

M/s Ambalal Patel & Co, Chartered Accountants, (ICAI Firm Registration No. 100305W) were
appointed as the Statutory Auditors of the Company by the members of the Company at the 29^th
(Twenty Ninth) Annual General Meeting ('AGM') of the Company held on 20^th Day of September, 2023
to hold office upto the conclusion of the 34^th Annual General Meeting to be held in the year 2028. They
have confirmed that they are not disqualified from continuing as the Statutory Auditors of the
Company.

The Auditors' Report on the Financial Statements (Standalone and Consolidated) of the Company for
the financial year ended 2024-25, "with an unmodified opinion", as given by the Statutory Auditors, is
disclosed in the Financial Statements forming part of this Annual Report. The Auditors' Report on
financial statements of the Company for the year ended March 31, 2025 does not contain any
qualifications, reservations or adverse remarks.

SECRETARIAL AUDITORS

In terms of Section 204 of the Companies Act, 2013 and Rules made there under, M/s Sandip Sheth &
Associates, Company Secretaries, Ahmedabad, was appointed as a Secretarial Auditor of the Company
to undertake the Secretarial Audit of the Company for Financial Year 2024-25. The report issued by the
Secretarial Auditor is enclosed as "Annexure - D".

^ During the period under review Promoters/Designated Persons have executed trades in the
securities of the Company, which is required to be disclosed under regulation 7(2) of the

SEBI (PIT) Regulations, 2015 as a part of continual disclosure. Provisions reads as "Every
promoter, [member of the promoter group], [designated person] and director of every
company shall disclose to the company the number of such securities acquired or disposed
of within two trading days of such transaction if the value of the securities traded, whether
in one transaction or a series of transactions over any calendar quarter, aggregates to a
traded value in excess of ten lakh rupees or such other value as may be specified".

During the period under review, certain trades in the securities of the Company by the
Promoters were not disclosed to the Company within the prescribed timeline under
Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. This resulted
in a delay in compliance with the disclosure requirements.

Action taken: Upon receipt of the delayed intimation, the Company promptly made the
necessary disclosures to the stock exchange in accordance with the applicable
regulations. The Promoters were appropriately guided regarding the
importance of timely disclosure of trades within two trading days, as
mandated under the SEBI (PIT) Regulations, 2015. The Company remains
committed to ensuring continued compliance and strengthening internal
awareness protocols to avoid recurrence.

The requirement of conducting Secretarial Audit was not applicable to any of the subsidiaries of the
Company during the financial year ended 2024-25.

Further, the Board of Directors at their meeting held on 31^st January, 2025 have appointed M/s Sandip
Sheth & Associates, Practicing Company Secretaries for conducting Secretarial Audit of the Company
for the financial year 2024-25.

INTERNAL AUDITORS

In terms of Section 138 of the Companies Act, 2013 and Rules made there under, M/s Rajiv Ahuja &
Associates, Chartered Accountants, were appointed as Internal Auditors of the Company to undertake
the Internal Audit of the Company for Financial Year 2024-25. During the year, the Company continued
to implement its suggestions and recommendations to improve the control environment. Their scope
of work included, review of processes for safeguarding the assets of the Company, review of
operational efficiency, effectiveness of systems and processes, and assessing the internal control
strengths in all areas.

Further, the Board of Directors at their meeting held on 8^th May, 2024 have appointed M/s Rajiv Ahuja
& Associates, Chartered Accountants, for conducting Internal Audit of the Company for the financial
year 2024-25.

REPORTING OF FRAUDS BY AUDITORS

During the financial year ended 2024-25, neither the statutory auditors nor the secretarial auditor has
reported to the Audit Committee, under Section 143 (12) of the Companies Act, 2013, any instances
of fraud committed against the Company by its officers or employees.

COST RECORDS AND COST AUDIT REPORT

The maintenance of cost records and requirement of cost audit as prescribed under the provisions of
Section 148(1) of the Act is not applicable for the business activities carried out by the Company.

INTERNAL FINANCIAL CONTROL AND THEIR ADEQUACY

The Company has internal financial control and risk mifi'gafi'on system, which is constantly assessed
and strengthened. The Company also conducts internal audits from time to time. The Audit Committee
actively reviews the internal audit report, adequacy and effectiveness of the internal financial control
and suggests improvements for the same.

MATERIAL CHANGES AND COMMITMENT, IF ANY, AFFECTING FINANCIAL
POSITION OF THE COMPANY

There have been no material changes and commitments affecting your Company's financial position
since the end of the Financial Year of the Company and date of this Report.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

The Management Discussion and Analysis Report as required under Regulation 34 read with Schedule
V of the Listing Regulations, 2015 forms a part of the Annual Report.

ANNUAL RETURN

A copy of the annual return as required under section 92(3) of the Act in the prescribed form which
will be filed with the Registrar of Companies / Ministry of Corporate Affairs within the regulatory
timelines is hosted on the Company's website and can be accessed at
https://www.silvertouch.com/investors/.

COMMITTEE AND POLICY UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE
(PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

Your Company has adopted a Policy for Prevention of Sexual Harassment of Women at workplace, to
provide protection to employees at the workplace and for prevention and redressal of complaints of
sexual harassment and for matters connected or incidental thereto, with the objective of providing a
safe working environment, where employees feel secure. The Company has also constituted an
Internal Complaints Committee to consider and to redress complaints of sexual harassment. During
the financial year ended 2024-25, the Company did not receive any complaint under the Policy for
Prevention of Sexual Harassment of the Company.

The Composition of the said committee as on the date of this report is as follows:

1. Ms. Shayamala Sharma

2. Ms. Hely Khadediya

3. Ms. Kashish Purohit

4. Mr. Vijay K. Shah (External Member - NGO)

The following is a summary of sexual harassment complaints received and disposed of during the
Financial Year ended 2024-25:

MATERNITY BENEFIT PROVIDED BY THE COMPANY UNDER MATERNITY BENEFIT
ACT, 1961

The Company declares that it has duly complied with the provisions of the Maternity Benefit 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.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS
OR TRIBUNAL

No significant or material order was passed during the period under review, by the Regulators or Courts
or Tribunals bearing an impact on the going concern status and Company's operations in future.

CFO CERTIFICATION

In terms of Regulation 17(8) read with Part B of the Listing Regulafions, a certificate from the Chief
Financial Officer (CFO) of the company as addressed to the Board of Directors, confirming the
correctness of the financial statements, Cash flow statements for the Financial Year ended 31 March
2025 adequacy of the internal control measures and matters reported to the Audit Committee, is
provided in this Report as "Annexure -H".

DECLARATION SIGNED BY THE CEO/MANAGING DIRECTOR STATING THAT THE
MEMBERS OF BOARD OF DIRECTORS AND SENIOR MANAGEMENT PERSONNEL
HAVE AFFIRMED COMPLIANCE WITH THE CODE OF CONDUCT OF BOARD OF
DIRECTORS AND SENIOR MANAGEMENT

The Annual Report includes a declaration by the Managing Director confirming that all Directors and
Senior Management Personnel adhered to the Company's Code of Conduct during the FY 2024-2025.
This declaration is required by Schedule V of the Securities and Exchange Board of India's Lisfing
Obligafions and Disclosure Requirements Regulafions 2015.

The detail policy on the Code of Conduct is available on the website at
https://www.silvertouch.com/investors/.

DETAILS OF APPLICATION MADE OR PROCEEDINGS PENDING UNDER THE
INSOLVENCY AND BANKRUPTCY CODE, 2016 DURING THE YEAR ALONG WITH
THEIR STATUS AS AT THE END OF THE FINANCIAL YEAR

During the year under review, there were no applications filed or any proceedings pending in the name
of the company under the Insolvency and Bankruptcy Code (IBC), 2016.

DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE TIME
SETTLEMENT AND VALUATION WHILE AVAILING LOANS FROM BANKS AND
FINANCIAL INSTITUTIONS

The Company has not made any one-time settlement for loans taken from the Banks or Financial
Institutions, and hence the 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 Banks or Financial Institutions
along with the reasons thereof is not applicable.

ACKNOWLEDGEMENT

The Board of Directors of Silver Touch Technologies Limited extends its heartfelt appreciation to all
stakeholders who have contributed to the Company's continued growth and success during the year
under review. We are especially grateful to our employees for their unwavering dedication,
professionalism, and alignment with the Company's vision. Their commitment to excellence and
tireless efforts across all levels have been pivotal in driving operational resilience and delivering
consistent performance. The Board also acknowledges with sincere gratitude the support and
confidence extended by our shareholders, valued clients, business partners, bankers, distributors,
service providers, and vendors, whose collaboration has been integral to our progress.

We further express our appreciation to market intermediaries, financial institutions, and other
ecosystem partners for their active role in supporting the Company's strategic initiatives and
expansion. Our sincere thanks go to our consumers and the broader tech community for their
continued engagement, which energizes our mission to deliver cutting-edge digital solutions. The
Board deeply values the support received from the Government of India, various State Governments,
and concerned departments, as well as from financial institutions and banks.

FOR AND ON BEHALF OF THE BOARD
SILVER TOUCH TECHNOLOGIES LIMITED

Sd/-

VIPUL HARIDAS THAKKAR
CHAIRMAN AND MANAGING DIRECTOR
DIN:00169558

Place: Ahmedabad
Date: 31.07.2025

1

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