Your Directors are pleased to present their Report on the business and operations of the Company, together with the Audited
Financial Statements, for the financial year ended March 31, 2026.

FINANCIAL HIGHLIGHTS

The Company's financial performance for the year ended March 31, 2026, along with the previous year's figures are given
hereunder:

* Investment income includes for FY26: realised gain ('269.31 lakhs), unrealised loss ('485.47 lakhs) & dividend income ('39.33 lakhs).

* Investment income includes for FY25: realised gain ('158.09 lakhs), unrealised loss ('491.88 lakhs) & dividend income ('31.23 lakhs).

OPERATIONS REVIEW

During the year under review, the total income of the Company increased significantly and turned positive at '154.60 lakhs as
against negative total income of '302.21 lakhs in the previous financial year. The positive growth in total income was primarily
driven by interest income generated from the lending operations commenced by the Company in June 2025 as part of its NBFC
business activities. Consequently, the net loss after tax of the Company stood at '252.63 lakhs for the financial year ended
March 31, 2026, as compared to a net loss of '542.24 lakhs for the financial year ended March 31, 2025.

The loss for the year is primarily attributable to unrealised fair value losses arising from adverse movements in the market
prices of equity investments. Such losses are notional in nature and have been recognised in compliance with the fair valuation
requirements prescribed under Ind AS 109 relating to financial instruments as at the reporting date.

ACCOUNTING METHODOLOGY

The standalone audited financial statements of the Company have been prepared in accordance with Indian Accounting
Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time.

STATE OF COMPANY'S AFFAIRS

Discussion on state of the Company's affairs has been covered as part of the Management Discussion and Analysis.
Management Discussion and Analysis for the year under review, as stipulated under the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 is presented in a separate section forming part of this Annual Report.

MANAGEMENT DISCUSSION AND ANALYSIS

Management Discussion and Analysis, as required under Regulation 34(3) of SEBI (Listing Obligation and Disclosure
Requirement) Regulations, 2015 read with Schedule V of said Regulations, forms part of this Directors' Report and attached
as Annexure-5.

CHANGE IN NATURE OF BUSINESS

There was no change in the nature of the business of the company.

DIVIDEND AND RESERVES

During the year under review, the Board of Directors does not recommend any dividend and has not transferred any amount
to reserves. In accordance with Section 45-IC(1) of the Reserve Bank of India Act, 1934, the Company is required to create
a statutory reserve. However, as the Company has incurred a loss during the year, no amount has been transferred to the
statutory reserve for the financial year ended March 31, 2026.

DEPOSITS

The Company has not accepted any deposits from the public and as such, no amount on account of principal or interest on
deposits from the public was outstanding as of the date of the balance sheet.

SHARE CAPITAL

During the year under review, the Company has passed a resolution at its Annual General Meeting held on September 25,
2025, to increase the authorised share capital of the Company from '25,00,00,000 (Rupees Twenty-Five Crores Only) divided
into [2,00,00,000 (Two Crore) Equity Shares of '10/- (Rupees Ten Only), 50,00,000 (Fifty Lakh) Preference Shares of '10/-
(Rupees Ten Only) each] to '50,00,00,000 (Rupees Fifty Crores Only), divided into 4,50,00,000 (Four Crore Fifty Lakh) Equity
Shares of '10/- (Rupees Ten Only) each and 50,00,000 (Fifty Lakh) Preference Shares of '10/- (Rupees Ten Only) each.

Further, the Board of Directors of the Company has, at its meeting held on July 15, 2025, approved the allotment of 70,05,579
fully paid-up equity shares of face value of '10/- each on a rights basis, at an issue price of '70/- (including a share premium
of '60/- per equity share) to the eligible applicants.

The Members of the Company have approved the 'Crescentis Capital Limited Employees Stock Option Scheme 2025' via
a Special Resolution passed through a Postal Ballot on December 26, 2025. In terms of Regulation 10(b) of the SEBI (Share
Based Employee Benefits and Sweat Equity) Regulations, 2021, the Company has obtained the in-principle approval from BSE
Limited on April 02, 2026, for listing of up to 13,00,000 equity shares to be allotted under the Scheme. Further, the Company
has complied with all applicable provisions of the said regulations. Further, the Statutory Certificate issued by the Secretarial
Auditors of the Company in respect of the Crescentis Capital Limited Employees' Stock Option Scheme, 2025, was received on
May 26, 2026. The said certificate will be placed before the Members at the ensuing Annual General Meeting and is annexed
to this Report as Annexure-6.

It is to further report that, no stock options were granted, vested, exercised, or lapsed under the Crescentis Capital Limited
Employees' Stock Option Scheme, 2025 (CCL ESOS 2025) during the financial year ended March 31, 2026. Accordingly, no
options were outstanding as on March 31, 2026, and no equity shares were allotted pursuant to the exercise of stock options
during the year under review. Consequently, all disclosures required under Section 62(1)(b) of the Companies Act, 2013,
read with Rule 12(9) of the Companies (Share Capital and Debentures) Rules, 2014, relating to stock options granted, vested,
exercised, lapsed, or outstanding are Nil for the financial year under review.

LISTING OF SHARES OF THE COMPANY

The shares of the Company are listed on BSE Limited, Mumbai. Your Company has paid the Annual Listing Fee up to date and
there are no arrears. The BSE has nationwide trading terminals and therefore provides full liquidity to the investors.

DEMATERIALISATION OF SHARES

The Company has connectivity with both NSDL and CDSL for the dematerialization of its equity shares. The Company's
ISIN is INE754C01010. Accordingly, members/investors are advised to hold their shares in electronic (dematerialized) form
through their Depository Participants.

SUBSIDIARY, ASSOCIATE AND JOINT VENTURE COMPANIES

The Company did not have any subsidiary or associate company within the meaning of Section 2(87) and Section 2(6) of the
Companies Act, 2013, respectively, and did not have any joint venture during the financial year ended March 31, 2026.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

The provisions of Section 186 of the Companies Act, 2013, relating to loans, guarantees, securities, and investments are not
applicable to the Company, as it is a Non-Banking Financial Company classified as an Investment and Credit Company
("NBFC-ICC"). As defined under the Reserve Bank of India (Non-Banking Financial Companies - Registration, Exemptions
and Framework for Scale Based Regulation) Directions, 2025, an NBFC-ICC is a financial institution engaged in its principal
business of providing finance by way of loans or advances and acquisition of securities.

Accordingly, the activities of granting loans, issuing guarantees, providing securities, and making investments are undertaken
in the ordinary course of the Company's business, and hence, the provisions of Section 186 are not applicable. During the
financial year 2025-26, the Company did not undertake any transactions falling outside the ordinary course of its business.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

All contracts, arrangements, and transactions entered into by the Company with related parties during the financial year

were in the ordinary course of business and on an arm's length basis. During the year, the Company entered into
contracts, arrangements, or transactions with related parties that could be considered material, in accordance with the
Company's Policy on Materiality of Related Party Transactions. These Related Party Transactions were disclosed in AOC-2.

The disclosure pursuant to clause (h) of sub-section (3) of Section 134 of the Companies Act, 2013, read with Rule 8(2) of the
Companies (Accounts) Rules, 2014, is provided in "Annexure-A" to this Report. The Policy on Related Party Transactions is
available on the Company's website at www.somdattfin.com.

Further, disclosures relating to transactions with persons or entities belonging to the promoter/promoter group holding 10%
or more shareholding in the Company are provided in the Financial Statements. Reference is invited to Note No. 31 of the
Financial Statements.

CODE OF CONDUCT

The Code of Conduct ("Code") laid down by the Board is in force in the Company. All members of the Board and senior
management personnel have affirmed their compliance with the Code. A declaration to this effect is enclosed as an Annexure
to the Corporate Governance Report which forms part of this report as an Annexure-4.

DECLARATION FROM INDEPENDENT DIRECTORS

The Company has received the requisite declarations from the Independent Directors confirming that they meet the criteria
of independence as prescribed under Section 149(6) of the Companies Act, 2013. The said declarations have been submitted in
accordance with Section 149(7) of the Act.

FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS

The Independent Directors (IDs) on the Board are well acquainted with the Company's business model and the nature of the
industries in which it operates.

The Directors are regularly updated on the Company's operations, industry developments, and various business segments
during Board meetings, including while reviewing operational performance, quarterly and annual financial results, and
budgets.

The familiarization programme for Independent Directors, as approved by the Board, is available on the Company's website
at www.somdattfin.com.

BOARD EVALUATION

The performance evaluation of the Board, its Committees, and individual Directors was carried out based on a structured
questionnaire covering parameters such as the level of engagement and contribution, independence of judgment, and
safeguarding of the interests of the Company and its minority shareholders.

MEETINGS OF THE BOARD

During the financial year under review, seven (7) meetings of the Board of Directors were held on May 28, 2025; June 9, 2025;
July 15, 2025; August 13, 2025; November 12, 2025; February 13, 2026; and March 25, 2026. Details of the meetings of the Board
are provided in the Corporate Governance Report, which forms part of this Annual Report.

AUDIT COMMITTEE

During the financial year under review, Four (4) meetings of the Audit Committee were held on May 28, 2025; August 13,
2025; November 12, 2025; February 13, 2026. Details of the composition of the Audit Committee are provided in the Corporate
Governance Report, which forms part of this Annual Report.

DIRECTORS' RESPONSIBILITY STATEMENT

In accordance with the provisions of Section 134(3)(c) of the Act, to the best of their knowledge and belief and according to the
information and explanations obtained, your directors make the following statements:

1. In the preparation of the annual accounts for the year ended March 31, 2026, the applicable Accounting Standards had
been followed along with proper explanation relating to material departures, if any;

2. The Directors had selected such accounting policies and applied them consistently and made judgments and
estimates that are reasonable and prudent 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;

3. The Directors had 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;

4. The Directors had prepared the annual accounts on a going concern basis;

5. 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; and

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

DETAILS OF MATERIAL CHANGES AND COMMITMENTS

Subsequent to the close of the financial year, the Board of Directors of the Company, at its meeting held on May 29, 2026,
approved the raising of funds of up to '80 Crores by way of a Rights Issue of fully paid-up equity shares to the eligible
equity shareholders of the Company, subject to receipt of necessary statutory, regulatory and other approvals, as may be
required under the applicable provisions of the Companies Act, 2013, the SEBI (Issue of Capital and Disclosure Requirements)
Regulations, 2018, and other applicable laws. The Board also constituted a Fund Raising Committee and authorized it to
finalize the detailed terms and conditions of the Rights Issue, including the rights entitlement ratio, issue price, record date
and other related matters. Except as stated above, no material changes or commitments affecting the financial position of the
Company have occurred between the end of the financial year and the date of this Report.

DIRECTORS, KEY MANAGERIAL PERSONNEL, AND COMMITTEES AND THEIR CHANGES:-

As at March 31, 2026, the Board of Directors comprises six (6) members, with an optimum combination of Executive and
Non-Executive Directors, including one Woman Director. The Board includes four (4) Non-Executive Directors and Two (2)
Executive Directors, of whom three (3) are Independent Directors, including one Independent Woman Director.

Changes During the Year:

• Ms. Neha Agarwal ceased to hold the office of Company Secretary and Compliance Officer of the Company with effect
from the close of business hours on August 14, 2025. Consequently, Mr. V. V. Krishna Chaitanya was appointed as the
Company Secretary and Compliance Officer of the Company with effect from August 15, 2025.

• Ms. Jayanthi Talluri (DIN: 09272993) was re-appointed as a Non-Executive Independent Director for a term of two (2)
years, from September 12, 2025 to September 11, 2027, pursuant to approval of the shareholders through postal ballot.

SIGNIFICANT MATERIAL ORDERS PASSED BY THE REGULATORS/COURTS/ TRIBUNALS

During the year under review, the Company has obtained approval from the Registrar of Companies, Central Processing
Centre, Ministry of Corporate Affairs, for change in the name of the Company from 'Som Datt Finance Corporation Limited'
to 'Crescentis Capital Limited'. The Certificate of Incorporation pursuant to change of name has been issued on January 6,
2026. Further, the Company has also received an updated Certificate of Registration from the Reserve Bank of India reflecting
the new name, thereby enabling the Company to continue its business as a Non-Banking Financial Company under its revised
name.

RISK MANAGEMENT

Details of risks and other concerns are provided in the Management Discussion and Analysis Report, which forms part of this
Directors' Report.

CORPORATE SOCIAL RESPONSIBILITY ("CSR")

During the preceding financial year 2024-25, your Company did not fall within the applicability thresholds prescribed under
Section 135(1) of the Companies Act, 2013. Accordingly, the provisions relating to Corporate Social Responsibility (CSR) are
not applicable to the Company for the financial year 2025-26.

VIGIL MECHANISM (WHISTLEBLOWER POLICY)

The Company has in place a Whistleblower Policy and has established an adequate vigil mechanism for directors and
employees, in compliance with the provisions of Section 177(9) of the Companies Act, 2013 and Regulation 22 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015, to report genuine concerns regarding unethical
behaviour. The Policy provides for adequate safeguards against victimisation and enables direct access to the Chairperson
of the Audit Committee in appropriate or exceptional cases. The details of the Vigil Mechanism (Whistleblower Policy) are
available on the Company's website at www.somdattfin.com.

NOMINATION AND REMUNERATION POLICY

The Nomination and Remuneration Policy approved by the Board of Directors is hosted on the Company's website at www.
somdattfin.com.

SEXUAL HARASSMENT POLICY IN THE WORKPLACE

The Company is committed to providing a safe, secure and conducive work environment to all its employees and has in place
a Policy on Prevention of Sexual Harassment at the Workplace in line with the provisions of the Sexual Harassment of Women
at Workplace (Prevention, Prohibition and Redressal) Act, 2013 ("POSH Act") and the rules made thereunder.

During the year under review, as the number of employees of the Company has exceeded ten (10), being the threshold
prescribed under Section 4 of the POSH Act, the Company has constituted an Internal Complaints Committee (ICC) to address
complaints relating to sexual harassment at the workplace. The ICC has been constituted in compliance with the requirements
of the Act and comprises a Presiding Officer, an external member and other members.

The Company has complied with the applicable provisions relating to the constitution of the ICC and has established
procedures for receiving and redressing complaints. During the year under review, no complaints of sexual harassment were
received.

ANNUAL RETURN

Pursuant to the provisions of Section 92(3) read with Section 134(3)(a) of the Companies Act, 2013, the Annual Return of the
Company as at March 31, 2026 is available on the Company's website at www.somdattfin.com

SECRETARIAL STANDARDS

The Company has in place adequate systems and processes to ensure compliance with the applicable Secretarial Standards
issued by The Institute of Company Secretaries of India, and such systems are operating effectively.

ADEQUACY OF INTERNAL FINANCIAL CONTROLS

The Company has in place an internal financial controls system commensurate with the size, scale and complexity of its
operations. Details of such controls are provided in the Management Discussion and Analysis, which forms part of this
Directors' Report.

MAINTENANCE OF COST RECORDS

The provisions relating to maintenance of cost records as specified under section 148(1) of the Companies Act, 2013, read with
Companies (Cost Records and Audit) Rules 2014 are not applicable to the Company as it is a Non Banking Financial Company
engaged in Financial Services and does not carry any manufacturing activity requiring maintenance of Cost Records.

CEO/CFO CERTIFICATION

In compliance with Regulation 17(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the
CEO and CFO certificate for the financial year 2025-26 has been duly submitted to the Board of Directors.

STATUTORY AUDITORS

M/s. D.S. Talwar & Co., Chartered Accountants (Firm Registration No. 000993N), were appointed as the Statutory Auditors of
the Company for a term of five consecutive years, from the conclusion of the 29th Annual General Meeting (AGM) until the
conclusion of the 34th AGM. Pursuant to the Companies (Amendment) Act, 2017, effective May 7, 2018, the requirement of
ratification of the appointment of auditors by the Members at every AGM has been dispensed with.

During the year, the Statutory Auditors have confirmed that they meet the independence criteria as prescribed under the
Companies Act, 2013 and the Code of Ethics issued by the Institute of Chartered Accountants of India.

AUDITOR'S REPORT

The Auditor's Report on the audited financial statements of the Company for the year ended March 31, 2026 is unmodified and
does not contain any qualifications, reservations, adverse remarks or disclaimers.

REPORTING OF FRAUDS BY AUDITORS

During the year under review, 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. Accordingly, no such details form part of this Annual Report. Further, the Company has not availed the services
of any credit rating agency during the year under review.

NON-BANKING FINANCIAL COMPANIES AUDITORS REPORT (RBI) DIRECTIONS, 2016

Pursuant to the Non-Banking Financial Companies Auditor's Report (Reserve Bank) Directions, 2016, the Statutory Auditors
have submitted their report to the Board of Directors of the Company. The said report confirms that the Company is in
compliance with all the applicable directions and prudential norms prescribed under the Reserve Bank of India Act, 1934 and
the directions issued thereunder.

SECRETARIAL AUDITOR

In accordance with the provisions of Section 204 and other applicable provisions, if any, of the Companies Act, 2013 ("the Act"),
read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, and Regulation
24A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI
Listing Regulations"), every listed company is required to annex a Secretarial Audit Report to its Board's Report.

Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with Rule 9 of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 and Regulation 24A of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, and based on the recommendation of the Audit Committee, the Members of the Company at
the 32nd Annual General Meeting held on September 25, 2025 approved the appointment of M/s. Naveen Narang & Associates,
Company Secretaries (Firm Registration No. P2005DE050800), as the Secretarial Auditor of the Company for a term of five
consecutive years commencing from April 1, 2025 to March 31, 2030. Ms. Jyoti Narang, Partner (Membership No. FCS 5698;
Certificate of Practice No. 5199), conducted the Secretarial Audit for the financial year ended March 31, 2026. The Secretarial
Audit Report for the said financial year does not contain any qualification, reservation, adverse remark or disclaimer and is
annexed to this Report as Annexure-2.

INTERNAL AUDIT & AUDITORS

During the year under review, based on the recommendation of the Audit Committee, the Board of Directors re-appointed
M/s. Gali & Associates, Chartered Accountants, as the Internal Auditors of the Company for the financial year 2026-27.

The Internal Auditors conducted internal audits of the Company for all four quarters during the financial year 2025-26 and
submitted their reports to the Audit Committee. No material weaknesses, adverse observations or significant remarks were
reported by the Internal Auditors that would have any impact on the operations of the Company.

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

The Company, being an Investment and Credit Company (ICC) and not engaged in any industrial or manufacturing activities,
has minimal energy requirements. Accordingly, there are no particulars to be disclosed with respect to conservation of energy
and technology absorption.

During the year under review, the Company did not incur any expenditure in foreign exchange and had no foreign exchange
earnings.

REMUNERATION AND PARTICULARS OF EMPLOYEE

The information required pursuant to Section 197 of the Companies Act, 2013 read with the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, is annexed to this Report as "Annexure-3".

During the year under review, the Company did not have any employee in receipt of remuneration attracting the provisions
of Section 197(12) of the Companies Act, 2013 read with Rule 5(2) of the said Rules.

OTHER DISCLOSURES

No proceedings are made or pending under the Insolvency and Bankruptcy Code, 2016 and there is no instance of one-time
settlement with any Bank or Financial Institution.

CORPORATE GOVERNANCE

The Company is in compliance with the requirements of Corporate Governance as stipulated under Regulation 34 read with
Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company has taken all
necessary measures to comply with the provisions of the said Regulations.

A separate report on Corporate Governance, along with a certificate from M/s. Naveen Narang & Associates, Company
Secretaries, confirming compliance with the conditions of Corporate Governance, is annexed to this Report as "Annexure-4".

ACKNOWLEDGEMENT

The Directors wish to convey their deep appreciation for the cooperation and assistance received from its stakeholders, valued
customers, suppliers, banks, financial institutions, government authorities and stock exchanges. The Directors also wish to
place on record their sincere appreciation of the devoted and dedicated services rendered by all employees of the Company.

For Crescentis Capital Limited.

(Formerly known as Som Datt Finance Corporation Ltd)

Subba Rao Veeravenkata Meka Bhavanam Ruthvik Reddy

Place : Hyderabad Managing Director Whole Time Director & CEO

Date : May 29, 2026 DIN: 07173955 DIN: 08372627