k. Provisions

Provisions are recognized when the Company
has a present obligation (legal or constructive)
as a result of a past event, it is probable that
the Company will be required to settle the
obligation, and a reliable estimate can be made
of the amount of the obligation. If the effect of
the time value of money is material, provisions
are determined by discounting the expected
future cash flows to net present value using an
appropriate pre-tax discount rate that reflects
current market assessments of the time value of

money and, where appropriate, the risks specific
to the liability.

The amount recognized as a provision is the
best estimate of the consideration required to
settle the present obligation at the reporting date,
taking into account the risks and uncertainties
surrounding the obligation. Where a provision
is measured using the cash flows estimated to
settle the present obligation, its carrying amount
is the present value of those cash flows (when the
effect of the time value of money is material).

When some or all of the economic benefits
required to settle a provision are expected to
be recovered from a third party, a receivable is
recognized as an asset if it is virtually certain that
reimbursement will be received and the amount
of the receivable can be measured reliably.

l. Contingent Liabilities

A present obligation that arises from past events,
where it is either not probable that an outflow of
resources will be required to settle or a reliable
estimate of the amount cannot be made, is
disclosed as a contingent liability. Contingent
liabilities are also disclosed when there is a
possible obligation arising from past events, the
existence of which will be confirmed only by the
occurrence or non-occurrence of one or more
uncertain future events not wholly within the
control of the Company.

Claims against the Company, where the possibility
of any outflow of resources in settlement is
remote, are not disclosed as contingent liabilities.

Contingent assets are not recognized in the
financial statements since this may result in the
recognition of income that may never be realized.
However, when the realization of income is
virtually certain, then the related asset is not a
contingent asset and is recognized.

m. Financial assets

All regular way purchases or sales of financial
assets are recognized and derecognized on
a trade date basis. Regular way purchases or
sales are purchases or sales of financial assets
that require delivery of assets within the time
frame established by regulation or convention in
the marketplace.

All recognized financial assets are measured
subsequently in their entirety at either amortized
cost or fair value, depending on the classification
of the financial assets.

Investments in equity instruments at FVTOCI

On initial recognition, the Company may make
an irrevocable election (on an instrument-by¬
instrument basis) to designate investments in
equity instruments as at FVTOCI. Designation at
FVTOCI is not permitted if the equity investment is
held for trading or if it is contingent consideration
recognized by an acquirer in a business
combination. Investments in equity instruments
at FVTOCI are initially measured at fair value
plus transaction costs. Subsequently, they are
measured at fair value with gains and losses
arising from changes in fair value recognized in
other comprehensive income and accumulated in
a separate component of equity. The cumulative
gain or loss is not reclassified to profit or loss
on disposal of the equity investments, instead,
it is transferred to retained earnings. Dividends
on these investments in equity instruments are
recognized in profit or loss in accordance with Ind
AS 109, unless the dividends clearly represent a
recovery of part of the cost of the investment. The
Company designated all investments in equity
instruments that are not held for trading as at
FVTOCI on initial recognition.

Impairment of financial assets

The Company applies the expected credit loss
model for recognizing impairment loss on financial
assets that are measured at amortized cost, trade
receivables and other contractual rights to receive
cash or other financial assets.

The amount of expected credit losses is updated
at each reporting date to reflect changes in credit
risk since initial recognition of the respective
financial instrument. The Company always
recognizes lifetime expected credit losses (ECL)
for trade receivables. The Company recognizes
lifetime ECL when there has been a significant
increase in credit risk since initial recognition.
However, if the credit risk is on the financial
instrument has not increased significantly since
initial recognition, the Company measures the
loss allowance for that financial instrument at an
amount equal to 12-month ECL.

Financial assets, other than those at FVTPL,
are assessed for indicators of impairment at the
end of each reporting period. In case of financial
assets, the Company follows the simplified
approach permitted by Ind AS 109 - Financial
Instruments - for recognition of impairment loss
allowance. The application of simplified approach
does not require the Company to track changes
in credit risk of trade receivable. The Company
calculates the expected credit losses on trade
receivables using a provision matrix on the basis
of its historical credit loss experience.

De-recognition of Financial Assets

The Company de-recognizes the financial asset
when the contractual rights to the cash flows
from the asset expire, or when it transfers the
financial asset and substantially all the risks and
rewards of ownership of the asset to another
party. If the Company neither transfers nor
retains substantially all the risks and rewards of
ownership and continues to control the transferred
asset, the Company recognizes its retained
interest in the asset and an associated liability
for amounts it may have to pay. If the Company
retains substantially all the risks and rewards of
ownership of a transferred financial asset, the
Company continues to recognize the financial
asset and also recognizes an associated liability.

On de-recognition of a financial asset, the
difference between the asset’s carrying amount
and the sum of the consideration received and
receivable and the cumulative gain or loss that
had been recognized in Other Comprehensive
Income and accumulated in other equity is
recognized in standalone profit and loss.

Cash and cash equivalents

Cash comprises cash on hand and demand
deposits with banks. Cash equivalents are short¬
term balances (with an original maturity of three
months or less from the date of acquisition), highly
liquid investments that are readily convertible into
known amounts of cash and which are subject to
insignificant risk of change in value.

n. Financial liabilities and equity instruments
Classification as Debt or Equity

Debt or equity instruments issued by the Company,
are classified as either financial liabilities or as

equity in accordance with the substance of the
contractual arrangements and the definitions of a
financial liability and an equity instrument.

Equity instruments

An equity instrument is any contract that
evidences a residual interest in the assets of
the Company after deducting all of its liabilities.
Equity instruments issued by the Company are
recognized at the proceeds received, net of direct
issue costs.

Financial Liabilities

Financial liabilities that are not held-for-trading
and are not designated as at FVTPL are measured
at amortized cost at the end of subsequent
accounting periods. The carrying amounts of
financial liabilities that are subsequently measured
at amortized cost are determined based on the
effective interest method. Interest expenses are
included in the ‘Finance Cost’ line item.

The effective interest method is a method of
calculating the amortized cost of a financial
liability and of allocating interest expense over
the relevant period. The effective interest rate is
the rate that exactly discounts estimated future
cash payments (including all fees and points
paid or received that form an integral part of the
effective interest rate, transaction costs and other
premiums or discounts) through the expected life
of the financial liability, or (where appropriate) a
shorter period, to the amortized cost of a financial
liability.

Financial liabilities are classified, at initial
recognition and measured at amortizing cost
using effective interest method:

• Loans and borrowings

• Payables

All financial liabilities are recognized initially
at fair value and in the case of loans and
borrowings and payables, are recognized net
of directly attributable transaction costs. The
Company’s financial liabilities include trade and
other payables, loans and borrowings including
bank overdrafts, financial guarantee contracts
and derivative financial instruments. Life of the
financial liability, or (where appropriate) a shorter
period, to the amortized cost of a financial liability.

De-recognition of Financial Liabilities

The Company de-recognizes financial liabilities
when and only when, the Company’s obligations
are discharged, cancelled or have expired.
The difference between the carrying amount
of the financial liability de-recognized and the
consideration paid and payable is recognized in
profit and loss.

o. Offsetting of Financial Instruments

Financial assets and financial liabilities are offset
and the net amount is reported in the Balance
Sheet, if there is a currently enforceable legal
right to offset the recognized amounts and there
is an intention to settle on a net basis, to realize
the assets and settle the liabilities simultaneously.

p. Derivative financial instruments

The Company uses foreign currency forward
contracts to hedge its risk associated with
foreign currency fluctuations relating to certain
firm commitments and highly probable forecast
transactions. The Company does not use
derivative financial instruments for speculative
purposes.

Forwards contracts are initially recognized at fair
value on the date the contract is entered into and
are subsequently remeasured at fair value at
each reporting date. The resulting gain or loss is
recognized in the statement of profit and loss.

q. Fair value measurement

Some of the Company’s accounting policies or
disclosures require the measurement of fair value
for both financial and non-financial assets and
liabilities.

Fair value is the price that would be received to
sell an asset or paid to transfer a liability in an
orderly transaction between market participants
at the time of measurement.

The fair value measurement is based on the
presumption that the transaction to sell the asset
or transfer the liability takes place either:

i. In the principal market for the asset or
liability; or

ii. I n the absence of a principal market, in the
most advantageous market for the asset or
liability.

iii. The principal or the most advantageous
market must be accessible by the Company.

All assets and liabilities (for which fair value
is measured or disclosed in the financial
statements) are categorized within the fair value
hierarchy, described as follows, based on the
lowest level input that is significant to the fair
value measurement as a whole:

Level 1 - Quoted (unadjusted) market prices in
active markets for identical assets or liabilities.

Level 2 - Valuation techniques for which the
lowest level input that is significant to the fair value
measurement is directly or indirectly observable
other than quoted prices included in Level 1.

Level 3 - Valuation techniques for which the
lowest level input that is significant to the fair
value measurement is unobservable.

At each reporting date, management analyzes
the movements in the values of assets and
liabilities which are required to be re-measured
or re-assessed as per the Company’s accounting
policies. For this analysis, the management
verifies the major inputs applied in the latest
valuation by agreeing the information in the
valuation computation to contracts and other
relevant documents.

r. Cash flow statement

Cash flows are reported using the indirect method,
whereby profit for the period is adjusted for the
effects of transactions of non-cash nature, any
deferrals or accruals of operating cash receipts
or payments and items of income or expenses
associated with investing or financing cash
flows. The cash flows from operating, investing
and financing activities of the Company are
segregated based on the nature of transactions.

s. Earnings per share

Basic earnings per share are calculated by dividing
the net profit or loss for the period attributable to
equity shareholders by the weighted average
number of equity shares outstanding during the
period.

For the purpose of calculating diluted earnings
per share, the net profit or loss for the period
attributable to equity shareholders and the
weighted average number of shares outstanding

during the period are adjusted for the effects of all
dilutive potential equity shares.

Diluted earnings per share is computed by dividing
the profit after tax as adjusted for dividend,
interest and other charges to expense or income
(net of any attributable taxes) relating to the
dilutive potential equity shares, by the weighted
average number of equity shares considered
for deriving basic earnings per share and the
weighted average number of equity shares which
would have been issued on the conversion of all
dilutive potential equity shares.

Potential equity shares are deemed to be dilutive
only if their conversion to equity shares would
decrease the net profit per share from continuing
operations. Potential dilutive equity shares are
deemed to be converted as at the beginning of
the period, unless they have been issued at a
later date. The dilutive potential equity shares
are adjusted for the proceeds receivable had the
shares been actually issued at average market
value of the outstanding shares. Dilutive potential
equity shares are determined independently for
each period presented. The number of equity
shares and potentially dilutive equity shares are
adjusted for share splits/reverse share splits and
bonus shares, as appropriate.

t. Dividend to shareholders

Final dividend distributed to Equity shareholders
is recognized in the period in which it is approved
by the members of the Company in its Annual
General Meeting. Interim dividend is recognized

when approved by the Board of Directors at the
Board Meeting. Both final dividend and interim
dividend are recognized in the Statement of
Changes in Equity.

u. Borrowing Cost

Borrowing cost includes interest, amortization
of ancillary costs incurred in connection with
the arrangement of borrowings and exchange
differences arising from foreign currency
borrowings to the extent they are regarded as an
adjustment to the interest cost. Borrowing costs,
if any, directly attributable to the acquisition,
construction or production of an asset that
necessarily takes a substantial period of time
to get ready for its intended use or sale are
capitalized, if any. All other borrowing costs are
expensed in the period in which they occur.

v. Segment Reporting

Operating segments are reported in a manner
consistent with the internal reporting provided
to the Chief Operating Decision Maker (CODM)
of the Company. The CODM is responsible for
allocating resources and assessing performance
of the operating segments of the Company.

w. Events after Reporting date

Where events occurring after the Balance Sheet
date provide evidence of conditions that existed at
the end of the reporting period, the impact of such
events is adjusted within the financial statements.
Otherwise, events after the Balance Sheet date of
material size or nature are only disclosed.

2. The loan of '1,579 Lakhs was invested by the Company in Xtrasynergy Solutions Private Limited (subsidiary) to run day-
to-day business operations in a more efficient manner and to increase the current business of the subsidiary.

3. The loan of '508 Lakhs was invested by the Company in Xtratrust Digisign Private Limited (subsidiary) to run day-to-day
business operations in a more efficient manner and to increase the current business of the subsidiary.

4. Loan is repayble on demand.

5. Refer Note 49 for disclosures as required under section 186(4) of the Companies Act, 2013.

Company has issued 3,13,21,360 full paid Bonus Shares having face value of '10 each in the proportion of 4 Bonus
Equity Shares for every 1 share held on record date. The Shares were allotted on September 12, 2025 with the record
date of September 08, 2025 and were approved in the Shareholders’ meeting held on September 06, 2025.

Company has issued 9,31,400 full paid new Shares having face value of '10 each at a premium of '315 per share. The
Shares were issuse on September 28, 2024.

2. Term/rights attached to equity shares

The Company has only one class of shares referred to as equity shares having par value of '10 per share. Each holder
of equity share is entitled to one vote per share. The Company declares anmd pays dividend in Indian Rupees. The final
dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General
Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the
remaining assets of the Company after distribution of all preferential amounts, in the proportion to their shareholding.

3. Buy-Back of Shares

No shares were bought back during years ending on March 31,2026 and March 31,2025.

4. Shares Split

There were No share split during years ending on March 31,2026 and March 31,2025.

5. Shaares reserved for issue under options

No share are reserved for issued under options.

Notes:

1. The General Reserve is used from time to time to transfer profits from retained earning for appropriate purpose. As the
general reserves is created be a transfer from one component of equity to another and is not an item of other comprehensive
income, items included in the general reserve will not be reclassified subsequently to profit or loss.

2. Retained Earnings represents profit generated and retained by the Company post distribution of dividends to the Equity
Shareholders in the respective years. This reserve can be utilized for distribution of dividend by the Company considering
the requirements of the Companies Act, 2013.

3. The Capital Reserve was created out of acquisition of additional shares of its subsidiary (Xtranet BPO Private Limited).
This reserve is non-distributable reserve and cannot be used for declaration of dividends, bonus issue.

4. The securities premium was created out of the issue of equity shares at premium. This Reserve was utilized for issue of
fully paid Bonus Equity Shares.

Note: -

1. Future cash outflows in respect of the above matters are determinable only on receipt of judgements/decisions pending
at forums/authorities. The Company does not expect the outcome of the matters stated above to have material adverse
impact on the Company’s financial condition, results of operation or cash flows. The Company does not envisage any
likely reimbursement in respect of the above.

2. A case under MSMED Act for MSME claim dispute has been filed against the Company for default of '113.00 Lakhs.

3. Indirect Tax liability amounting to '150.00 Lakhs relates to appeal filed by the Company with the GST Appellate Tribunal
for the period from FY 2018-2019 to FY 2022-2023.

4. A former employee, Mr. Pradeep Pathak, has filed a claim before the CGIT-cum-Labor Court, Delhi, seeking recovery of
'1.18 Lakhs withheld from his full and final settlement and ancillary compensation of '10 Lakhs. The matter relates to a
penalty imposed on the Company by CRIS following the employee’s resignation and is currently pending adjudication,
with the next hearing scheduled for January 12, 2027.

NOTE 39 - FINANCIAL RISK MANAGEMENT

These financial risk management policies are applied in order to mitigate potential adverse impact on the financial performance.
The note below explains how the Company’s exposure to various risks, such as market risk, foreign exchange risk, interest
rate risk, credit risk, liquidity risk and capital risk are addressed/mitigated.

Market Risks

1. Foreign Exchange Risk

The Company enters into transactions denominated in foreign currencies. In order to mitigate risk arising on account
of foreign currency fluctuations, the Company has set policies with respect to foreign exchange risk management.
The Company, wherever applicable have used foreign currency forward contracts to hedge its risk associated with
foreign currency fluctuations relating to certain firm commitments and highly probable forecast transactions. Most of
the transactions of the Company are in Indian rupees and transactions in foreign currencies are evaluated from the
perspective of hedging by a forward cover.

2. Interest Risk Management

The Company funds at fixed interest rates. Hence the Company is not required to determine the sensitivity analysis with
regard to interest rate risk.

Credit Risk Management

Credit risk is minimized through conservative credit policy by the Company. Credit insurance is also taken to mitigate the
credit risk. The Company sells to both small retailers and large format retailers, giving them a credit period of 30-60 days.
The Company mitigates credit risk by strict receivable management procedures and policies. The Company has a dedicated
independent team to review credit and monitor collection of receivables on a pan India basis.

i. Trade Receivables

Customer credit risk is managed by following the Group’s established policy, procedures and control relating to customer
credit risk management. Credit quality of a customer is assessed based on an extensive credit rating review and
individual credit limits are defined in accordance with this assessment. The Group regularly monitors its outstanding
customer receivables.

The Group evaluates the concentration of risk with respect to trade receivables as low, as its customers are operating in
diverse industries and operate in largely independent markets.

ii. Expected Credit Loss for other financial assets

There are no expected credit losses for financial assets other than trade receivables.

iii. Deposits with banks and other financial assets

Credit risk from balances with banks and financial institutions is managed by the Group’s finance department in
accordance with the Group’s policy. Investments of surplus funds are made in bank deposits. The limits are set to
minimize the concentration of risks and therefore mitigate financial loss through counter party’s potential failure to
make payments.

The Group establishes an allowance for doubtful debts and impairment that represents its estimate of incurred losses
in respect of these assets. Balances with banks is subject to low credit risks due to good credit ratings assigned to
these banks.

Liquidity Risk Management

The Company has built an appropriate liquidity risk management framework for its short, medium and long-term funding
and liquidity requirements. The Company manages liquidity risk by maintaining adequate reserves, banking facilities and
reserve borrowing facilities, by continuously monitoring forecast and actual cash flows and matching the maturity profiles
of financial assets and financial liabilities.

Interest Rate Risk Management

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of
changes in market interest rates. However, the Company is not significantly exposed to interest rate risk as at the
respective reporting dates.

Capital Risk Management

The Company manages its capital to ensure that the Company will be able to continue as a going concern while
maximizing the return to shareholder through the optimization of the debt and equity balance.

The capital structure of the Company consists of debt, represents the borrowings net of cash and bank balances as
disclosed in the respective notes above and total equity of the Company comprising issued share capital and other equity
attributable to the shareholders, as disclosed in the statement of changes in equity. The gearing ratio at the end of the
financial period is as below:

Note:

1. The above information has been determined to the extent such parties have been identified on the basis of the information
available with the Company. This has been relied upon by the auditors.

2. The Company has not recognized interest liability amounting to '268.55 Lakhs for delayed payments to Micro and Small
Enterprises under the provisions of the Micro, Small and Medium Enterprises Development Act, 2006 (“MSMED Act”) as
at March 31,2026.The management is of the view that the aforesaid liability shall be recognized on actual settlement/
realization basis, considering that the Company has filed legal proceedings against a debtor for recovery of MSME
interest receivable aggregating to '2,583.79 Lakhs under the provisions of the MSMED Act. Pending final adjudication
and actual recovery of the aforesaid MSME interest receivable claim, no provision has been made in respect of the
aforesaid MSME interest liability in the accompanying financial statements.

NOTE 42 - PRIOR PERIOD/STATUTORY LIABILITY RECOGNITION

The Company has not recognized provision for current income tax amounting to '177.73 Lakhs and interest thereon amounting

to '82.59 Lakhs relating to financial year 2024-2025. The Company follows a policy of accounting for such liabilities on

payment basis.

NOTE 43 - DISCLOSURE OF SEGMENT

(a) Information about reportable segments

Basis of identifying operating segments / reportable segments:

(i) Basis of identifying operating segments:

Operating segments are identified as those components of the Group (a) that engage in business activities to
earn revenues and incur expenses (including transactions with any of the Group’s other components); (b) whose
operating results are regularly reviewed by the Group’s Management Team who are Chief Operating Decision Maker
(CODM) to make decisions about resource allocation and performance assessment and (c) for which discrete
financial information is available. The accounting policies consistently used in the preparation of this restated
consolidated financial information are also applied to record revenue and expenditure in individual segments.
Assets, liabilities, revenues and direct expenses in relation to segments are categorized based on items that are
individually identifiable to that segment, while other items, wherever allocable, are apportioned to the segment on

an appropriate basis. Certain items are not specifically allocable to individual segments as the underlying services
are used interchangeably. The Group therefore believes that it is not practical to provide segment disclosures
relating to such items and accordingly such items are separately disclosed as ‘unallocated’.

(ii) Major Customers greater than 10% of total revenue:

Revenues of '8,141.53 Lakhs is derived from two external customers, constituting 10.00% or more individually,
mainly from India during the year ended March 31,2026.

3. Debt Service Coverage Ratio is computed by dividing Profit After Tax, Finance Cost & Depreciation Expenses by Interest
Expenses, Lease Payments & Principal Repayments

4. Return on Equity is computed by dividing Profit After Tax numbers by average shareholders fund

5. Inventory Turnover Ratio is computed by dividing Cost of Goods Sold by Average Stock {{Opening Closing Stock}/2}

6. Trade Receivables Turnover Ratio is computed by dividing Revenue from Operations by Average Sundry Debtors
including Accrued Income

7. Trade Payables Turnover Ratio is computed by dividing Other Expenses by Average Sundry Creditors including Accrued
Expenses

8. Net Capital Turnover Ratio is computed by dividing Total Revenue by Working Capital

9. Net Profit Ratio is computed by dividing Profit After Tax by Total Revenue

10. Return on Capital Employed is computed by dividing Earning Before Interest and Tax by Capital Employed

11. Return on Investment is computed by dividing Profit After Tax by Capital Invested (Capital Employed - Cash & Cash
Equivalents)

12. Economies of Volume, Better utilization of Cash flows and Resources

NOTE 46 - ADDITIONAL REGULATORY INFORMATION REQUIRED BY SCHEDULE III TO THE COMPANIES
ACT, 2013

1. The Company does not have any benami property held in its name. No proceedings have been initiated on or are
pending against the Company for holding benami property under the Benami Transactions (Prohibition) Act, 1988 (Act
No. 45 of 1988) and Rule made thereunder.

2. The Company has not been declared willful defaulter by any bank or financial institution or other lender or government
or any government authority from where Company has availed banking facilities.

3. The Company has complied with the requirement with respect to number of layers prescribed under section 2(87) of the
Companies Act, 2013 read with the Companies (Restriction on number of layers) Rules, 2017.

4. Utilization of borrowed funds and share premium

4.1. The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign
entities (Intermediaries) with the understanding that the Intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the Company (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

4.2. The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party)
with the understanding (whether recorded in writing or otherwise) that the Company shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the Funding Party (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

5. There is no income surrendered or disclosed as income during the year in tax assessments under the Income Tax Act,
1961 (such as search or survey), that has not been recorded in the books of account.

6. The Company has not traded or invested in crypto currency or virtual currency during the year.

7. The Company does not have any charges or satisfaction of charge which is yet to be registered with Registrar of
Companies beyond the statutory period.

NOTE 47

The Accounts of the Company have been prepared on “going concern basis”. The Board of Directors are of the Opinion that
the Current Assets, Loans and Advances have realization value of an amount equivalent to their stated carrying values.

NOTE 48

As required u/s 186(4) of Companies Act 2013, particulars of investments made are given in Note 7

NOTE 49

The Company does not have any transactions with companies which are struck off under section 248 of the Companies Act,
2013 or section 560 of the Companies Act, 1956.

NOTE 50

The Company has not entered into any scheme of arrangement which has an accounting impact in current or previous
financial year.

NOTE 51

The quarterly returns comprising stock and book debts statements filed by the Company with such banks and financial
institutions are in agreement with the books of accounts of the Company of the respective quarters.

NOTE 52

The Company has not entered into any agreements for loans or advances to the directors, promoters, KMP’s and related
parties where either loans and advances repayable on demand or without specifying any terms of period of payment except
as stated in Note 7 of these financial statements.

NOTE 53

Previous year’s figures have been regrouped/reclassified wherever necessary to correspond current year’s classification/
disclosures.

NOTE 54

The standalone financial statements were approved for issue by the Board of Directors at their meeting held on June 16, 2026.