The Directors hereby present the Annual Report together with Audited Statement of Accounts for the year ended on 31^st
March, 2026 which they trust, will meet with your approval.

OPERATIONS:

The Total Receipts and other income during the financial year 2025-2026 is Rs. 9 Lakhs as compared to Receipts of

2024-25 which has been NIL. The Company suffered Loss of Rs. 3.44 Lakhs/- in Financial Year 2024-25 as

compared to Profit of the Company of Rs. 1.50 Lakhs/- in the Financial Year 2025-26.

DIVIDEND:

With a view to conserve the resources for expansion of the business activities and working capital requirements of

the Company, the board of directors of the company do not recommend any dividend for the year under review.

FIXED DEPOSITS:

The Company has not invited any deposits from the public during the year under review.

DIRECTOR’S RESPONSIBILITY STATEMENT:

To the best of their knowledge and belief and according to the information and explanations obtained by them, your

Directors make the following statements in terms of Section 134(3) (c) of the Companies Act, 2013:

(a) In the preparation of the annual accounts, the applicable accounting standards have been followed along with
proper explanation relating to material departures.

(b) The Directors have selected such accounting policies and applied them consistently and made judgments and
estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company
at the end of the financial year and of the profits of the Company for that period.

(c) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in
accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and
detecting fraud and other irregularities.

(d) The Directors have prepared the annual accounts on a going concern basis.

(e) The Directors have laid down internal financial controls to be followed by the Company and such internal
financial controls are adequate and are operating effectively.

(f) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and
such systems are adequate and operating effectively.

PARTICULARS OF EMPLOYEES:

There was no employee drawing remuneration requiring disclosure under the Rule 5 (2) & (3) of Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014.

LISTING:

Shares of the Company are Listed on Bombay Stock Exchange Limited (BSE).

AUDITORS AND AUDITORS REPORT:Statutory Auditor

During the year the Company’s Auditors, M/s. S K Bhavsar & Co., Chartered Accountants of Ahmedabad were
appointed as statutory auditor of the Company. The Company has received written consent(s) and certificate(s) of
eligibility in accordance with Section 139, 141 and other applicable provisions of the Companies Act, 2013 and
Rules issued there under (including any statutory modification(s) or re- enactment(s) thereof for the time being in
force) from M/s. S K Bhavsar & Co., Chartered Accountants. Further, M/s. S K Bhavsar & Co, have confirmed that
they hold a valid certificate issued by Peer Review Board of the Institute of Chartered Accountants of India as
required under the Listing Regulations.

The Notes on Financial Statements referred to in the Auditor’s Report are Self-explanatory and do not call for any
further comments.

The qualification, reservation or adverse remarks made in the statutory auditor’s report is mentioned in Audit Report.

Further M/s. S K Bhavsar & Co. was appointed as a Statutory Auditor of the Company for the term of 5 years till the
Conclusion of AGM in the year 2029.

Secretarial Auditor

During the year M/s. Dharti Patel & Associates was appointed as a Secretarial Audit Report and M/s. Dharti Patel &
Associates also appointed as a Secretarial Auditor of the Company for the term of 5 years i.e., F.Y. 2025-26 to F.Y.
2029-30 and the same has been approved by the Shareholders in Annual General Meeting held in 2025.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORBTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO:

A. Conservation of Energy: N.A.

B. Technology Absorption:

No Technology Absorption has been envisaged by your company during the period under review.

C. Foreign Exchange Earning & Out Go:

Total Foreign Exchange Used: NIL

Total Foreign Exchange Earned: NIL
CORPORATE GOVERNANCE:

Pursuant to Regulation 15 of Securities and Exchange Board of India (Listing Obligation and Disclosure
Requirements) Regulations, 2015 [‘SEBI (LODR)], Corporate Governance provisions as specified is not applicable
to the Company, since the paid-up share capital of the Company and the net worth is below threshold limits prescribe
under SEBI (LODR).

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

In terms of the Regulation 34(e) of Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015, Management Discussion and Analysis is form of Annual Report.

MATERIAL CHANGES AND COMMITMENTS:

There are no material changes and commitments, if any, affecting the financial position of the Company subsequent
to the date of the Balance sheet and up to the date of the report.

RELATED PARTY TRANSACTIONS:

During the year, there was no transaction related party transaction. Therefore, requisite details in form AOC - 2, is
not required to be provided herewith.

DISCLOSURE UNDER RULE 8 (5) OF COMPANIES (ACCOUNTS) RULES, 2014:Change in Nature of Company Business:

The Company is engaged in the business of finance and other related service. There is no change in nature
of Company Business.

DETAILS OF DIRECTORS / KEY MANAGERIAL PERSONNEL APPOINTED / RESIGNED:

In terms of provision of Section 152 (6) of the Companies Act, 2013, during the Financial Year 2025-26, there
were two resignations of the KMPs’ and after the Financial Year 2025-26, the details of which are mentioned below:

After 31^st March 2026, the following changes were observed in the appointment and resignation of the Directors and
KMPs’, the details of which are mentioned as per below:

DETAILS OF HOLDING / SUBSIDIARY COMPANIES / JOINT VENTURES / ASSOCIATE
COMPANIES:

During the year under review, there was no holding / Subsidiary Company / Joint Ventures / Associate Companies.
DEPOSIT:

The Company has not invited any deposit other than the exempted deposit as prescribed under the provision of the
Companies Act, 2013 and the rules framed there under, as amended from time to time. Hence there are no
particulars to report about the deposit falling under Rule 8 (5) (v) and (vi) of Companies (Accounts) Rules, 2014.

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY REGULATORS OR COURTS OR
TRIBUNALS:

During the year under review there were no significant and material orders passed by any Regulators or Court or
Tribunals which may have impact on the going concern status. No order has been passed by any Regulators or Court

or Tribunals which may have impact on the Company's operation in future.

INTERNAL FINANCIAL CONTROLS:

The Board has adopted policies and procedures for ensuring the orderly and efficient conduct of its business,
including the adherence to the Company’s policies, the safeguarding of its assets, the prevention and detection of
frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable
financial disclosure.

PARTICULARS OF LOANS / GUARANTEES / INVESTMENT:

The Company has not given any loan / guarantee or provided any Security or made any investment to any person
who is covered under section 186 of the Companies Act, 2013.

RISK MANAGEMENT POLICY:

The Company has a structured risk management policy. The Risk management process is designed to safeguard the
organization from various risks through adequate and timely actions. It is designed to anticipate, evaluate and
mitigate risks in order to minimize its impact on the business. The potential risks are inventoried and integrated with
the management process such that they receive the necessary consideration during decision making. It is dealt with
in greater details in the management discussion and analysis section. The Risk Management Policy is also available
on the Company's website

NUMBER OF BOARD MEETINGS:

The Board of Directors met 5 (Five) times during the financial year 2025-2026, and the details of the meeting are as
follows'

The intervening gap between the meetings was within the period prescribed under the Companies Act, 2013
COMMITTEES’ MEETINGS:

AUDIT COMMITTEE:

The Audit Committee met 4 (Four) times during the financial year 2025-2026, and the details of the meeting are as
follows:

STAKEHOLDER RELATIONSHIP COMMITTEE:

The Stakeholder Relationship Committee met 2 (Two) times during the financial year 2025-2026, and the details of
the meeting are as follows:

NOMINATION AND REMUNERATION COMMITTEE:

The Nomination and Remuneration Committee met 2 (Two) time during the financial year 2025-2026

CORPORATE SOCIAL RESPONSIBILITY:

The Company is not covered under the criteria of the provision of Section 135 of the Companies Act, 2013 read with
the Companies (Corporate Social Responsibility Policy) Rules, 2014, and therefore it is not mandatory for the
Company to have the Corporate Social Responsibility.

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

The Company has in place an Anti-harassment policy in line with the requirements of the Sexual Harassment of
Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. Internal Complaint Committee are set up
at shop floor level to redress complaints received regularly and are monitored by women line supervisors who
directly report to the Chairman. All employees (permanent, contractual, temporary, trainees) are covered under the
policy. There was no compliant received from any employee during the financial year 2025-2026 and hence no
complaint is outstanding as on 31.03.2026 for redressal.

SECRETARIAL AUDIT REPORT:

st

Pursuant to Section 204 of the Act, the Secretarial Audit Report for the Financial Year ended 31 March, 2026
given by M/s. Dharti Patel & Associates, Practicing Company Secretary is attached herewith which forms part of the
Directors Report. The observations are self-explanatory.

As regards in observations in Secretarial Audit Report regarding:

1. The Company has not paid Annual Listing Fees and is in violation of SEBI & Exchange Regulations

2. The Board Composition is not as per the requirement of Act and LODR.

Reply of the Management on Secretarial Auditor’s Remark(s)

1. The Company has not paid Annual Listing Fees and is in violation of SEBI & Exchange Regulations-

The Board has stated that Company will pay the fees in short time to make the compliance good

2. The Board Composition is not as per the requirement of Act and LODR. -The Company will appoint the
necessary Directors including Independent Directors in short time. However as on Date of the Directors
Report the Composition of the Board and Committees are as per the SEBI Regulation and the Company
has Complied the required Regulations.

ANNUAL PERFORMANCE EVALUATION:

In compliance with the provisions of the Act and SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the performance evaluation was carried out as under:

Board:

In accordance with the criteria suggested by The Nomination and Remuneration Committee, the Board of Directors
evaluated the performance of the Board, having regard to various criteria such as Board composition, Board
processes, Board dynamics etc. The Board of Directors were of the unanimous view that performance of the Board
of Directors as a whole was satisfactory.

Committees of the Board:

The performance of the Audit Committee, the Nomination and Remuneration Committee and the Stakeholders
Relationship Committee was evaluated by the Board having regard to various criteria such as committee
composition, committee, processes, committee dynamics etc. The Board was of the unanimous view that all the
committees were performing their functions satisfactorily and according to the mandate prescribed by the Board
under the regulatory requirements including the provisions of the Act, the Rules framed there under and the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015.

Individual Directors:

(a) Independent Directors: In accordance with the criteria suggested by The Nomination and Remuneration
Committee, the performance of each independent director was evaluated by the entire Board of Directors
(excluding the director being evaluated) on various parameters like engagement, leadership, analysis, decision
making, communication, governance and interest of stakeholders. The Board was of the unanimous view that
each independent director was a reputed professional and brought his/her rich experience to the deliberations of
the Board. The Board also appreciated the contribution made by all the independent directors in guiding the
management in achieving higher growth and concluded that continuance of each independent director on the
Board will be in the interest of the Company.

(b) Non-Independent Directors: The performance of each of the non-independent directors (including the chair
person) was evaluated by the Independent Directors at their separate meeting. Further, their performance
was also evaluated by the Board of Directors. The various criteria considered for the purpose of evaluation
included leadership, engagement, transparency, analysis, decision making, functional knowledge, governance
and interest of stakeholders. The Independent Directors and the Board were of the unanimous view that each of
the non- independent directors was providing good business and people leadership

POLICY ON DIRECTORS’ APPOINTMENT AND REMUNERATION:

The Company is not paying any Remuneration to Managing Director or any of the executive directors. Thus, the
requisite details as required by Section 134(3)(e), Section 178(3) & (4) and SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 is not required to be provided. However, the Company affirm that as
and when the Remuneration will be payable to any of the Director, the same would be as per Remuneration Policy.

REGISTERED OFFICE

During the Financial Year 2025-2026 there are no changes in registered office of the Company. The address of the
Company is as per below:

Geetanjali Credit and Capital Limited:

2, “Shreedhar Krupa”, Shreedhar Tutorials of Commerce, II Main, II Cross, Vidyagiri, Dharwad, Karnataka -
580004

MATERIAL CHANGES AND COMMITMENTS:

There are no material changes and commitments, if any, affecting the financial position of the Company subsequent
to the date of the Balance sheet and up to the date of the report.

APPRECIATION:

Your directors thank the various Central and State Government Departments, Organizations and Agencies for the
continued help and co-operation extended by them. The Directors also gratefully acknowledge all stakeholders of
the Company viz. customers, members, dealers, vendors, banks and other business partners for the excellent support
received from them during the year. The Directors place on record their sincere appreciation to all employees of the
Company for their unstinted commitment and continued contribution to the Company.

By order of the board of directors

For, Geetanjali Credit and Capital Limited

Sd/-

Place: Dharwad Dharmendra Hasmukhbhai Vyas Kamlaben Salvi

Date: 16.07.2026 Managing Director Executive Director

DIN: 11668470 DIN: 11668477