The Board of Directors ("Board") have pleasure to present the 40^th Annual Report on the performance of Kkalpana Industries
(India) Limited ("the Company") together with the Audited Statement of Accounts for the financial year ended 31^st March,
2025. ("Financial Year 2024-25" or "FY 2024-25")

Summarized Financial Results

(Rs. In Lacs)

Dividend

In order to preserve the Cash Flow, no dividend was recommended for FY 2024-25.

Change of Registered Office and Place of keeping & maintaining Books of Accounts

The Company had shifted its registered office outside the local limits but within the State of West Bengal from "BK Market",
16A Shakespeare Sarani, 4^th Floor, Room No. 3, Kolkata - 700071 to Bhasa, No. 14, P.O. & P.S. Bishnupur, Diamond Harbour
Road, South 24 Parganas - 743503, West Bengal for operational efficiency and cost effectiveness w.e.f. 14^th January, 2025,
which was approved by the shareholders of the company, vide postal ballot notice dated 12^th November, 2024, result
whereof was declared on 13^th January, 2025.

However, the Company had also shifted its place of keeping and maintaining Books of Accounts of the Company from "BK
Market", 16A Shakespeare Sarani, 4^th Floor, Room No. 3, Kolkata - 700071 to Unit 4C, 4th Floor, Chandra Kunj, 3 Pretoria Street,
Kolkata-700071 w.e.f. 1^st December, 2024, for operational convenience.

Necessary compliances in this regard have been completed.

Industrial Scenario

As per a McKinsey report, if plastics demand follows its current trajectory, global plastic waste volumes would grow from
260 million tons per year in 2016 to 460 million tons per year by 2030, taking what is already a serious environmental
problem to a whole new level.

As per an article by Fortune Business Insights, the global recycled plastic market size was US$ 55.46 billion in 2024 is
projected to grow to USD 107.13 billion by 2032. Favourable initiatives to promote the use of recycled plastics in
developed countries, growing acceptance of recycled plastics consumption in the textile industry as fibers in developing
countries of the Asia Pacific, and cost effective, sophisticated recycling technologies are some of the key factors driving the
global recycled plastics market.

The Indian plastics industry has been developing fast with market growth and diversification in recent years. Latest market
reports indicate that the industry is the likely to be increasing in total exports of the Plastic raw materials. According to the
Directorate General of Commercial Intelligence and Statistics (DGCIS) of India, the Indian plastics industry hosts more than
2,000 exporters.

Recycled plastic is scrap or waste plastic materials that are processed and re-purposed into useful products. Since most of
the polymer materials used globally are non-biodegradable, recycling these materials is the solution to reduce the burden
of polymers present in the environment. Furthermore, increasing restrictions on the usage of single use polymers and
initiatives taken by governments in Europe, China, India and Brazil are expected to promote recycling on fast-track basis.
For instance, the European Union has prohibited single use plastic polymer products since 2021. Moreover, the shift of end
use industries, especially packaging and consumer goods, towards sustainable or recyclable materials will drive market
growth. Further, the innovation and development of products, including packaging bottles, films, containers, and cutlery
using post-consumer recycled (PCR) plastics will provide huge opportunities for the market in the future.

Many Industries are regularly modifying the Plastic to make it environment friendly. In India, Plastic has a higher edge in
terms of Trust, Ability and Technology to leverage the global market. Corporate Houses are vigorously innovating &
competing to provide the most efficient Plastics for making manufacturing easier, recyclable and more cost effective.
However, for the corporate sector, recycling plastic is also a complicated issue. There are so many different grades of
plastic, each requiring their own recycling processes. Some non-durable plastic types are not even recyclable in a
commercially viable manner.

Currently, India generates 26,000 tonnes of Plastic Waste every day. Even though they have such great advantages, the
government and many Environmental Activists are calling for a ban on Plastics. For tackling the menace of Plastic Waste in
India, the Government has completely banned import of Solid Plastic waste/ scrap in the Country. However, the very
properties that make Plastic so dangerous - its durability and long lifespan - also make it a great asset. Plastic is such a
material that can be constantly recycled. This helps Ecology and the Economy, especially when the human population is
growing rapidly, and our lifestyle demands are increasing exponentially. The solution is not to Ban Plastic, but to ensure
that it is used responsibly and recycled properly. India generates around 9.3 million tons of plastic waste each year, which
is about 0.12 kilograms per person per day. This makes India the world's largest producer of plastic waste, according to a
study published in Nature.

Meanwhile, there are around 30,000 plastic processing units of which 85-90% are small and medium-sized enterprises,
over 7000 recycling units and numerous end-users, which ensure an effective industry chain in the country. These
enterprises employ more than 4 million people. The Government of India intends to take the plastic industry from a
current level of Rs. 3 lakh crore (US$ 37.8 billion) of economic activity to Rs. 10 lakh crore (US$ 126 billion) in four-five years.

Operations and State of Company's Affairs

Pursuant to the Scheme of Arrangement between Kkalpana Industries India Limited ("KIIL" or "the Company") and the Ddev
Plastiks Industries Limited ("DPIL") and their respective Creditors and Shareholders ("the Scheme"), as approved by Hon'ble
National Company Law Tribunal, Kolkata Bench, ("NCLT") vide its Order dated 4^th March, 2022, the Compounding Business
of KIIL has been vested to DPIL having an appointed date of 1^st April, 2021.

There has been no further change in the nature of business of the company during the financial year ended 31^st March, 2025.

During the year under review, your Company achieved total revenue of Rs. 5,261.50 Lacs as against total revenue of
Rs. 8,099.40 Lacs in the previous financial year. The Profit before Tax is Rs. 69.28 Lacs as against Rs. 59.52 Lacs in the previous
year. The Profit after Tax is Rs. 68.73 Lacs as against Rs. 21.89 Lacs in the previous year.

The Company recycles plastic and manufactures plastic granules. It has 2 (Two) manufacturing units with state-of-the-art
machinery, infrastructure, equipment, and R&D facilities. With plants located at East coast of India, the company gains
advantage of low freight costs. The Company is in process to identify more avenues and engage in reliable projects.

Future Prospects

Plastics are lightweight, durable and inexpensive materials that can be molded into a diverse variety of products. As a result,
production of plastics has increased manifold over the past few decades. However, their current usage has also led to the
generation of a huge amount of waste, resulting in major environmental concerns. The landfill is the conventional method
for waste disposal; however, landfill area has become scarce in many countries. Although this method has limited
environmental impacts, there are long-term risks of contamination of soil and groundwater associated with it, thus
polluting the natural environment.

Plastic recycling is the reprocessing of plastic waste into new and useful products. When performed correctly, this can
reduce dependence on landfills, conserve resources and protect the environment from plastic pollution and greenhouse
gas emissions. Furthermore, consistent support from the government and increasing penetration of recycled plastic
products is presenting lucrative opportunities for the global plastic recycling market. A major opportunity lies in increasing
use of recycled plastics to other industries and its market is forecasted to grow even more in the following years.

Plastic recycling is a mechanical and chemical process of recovering plastic waste or scrap discarded during the production
of plastic products (pre-consumer plastic waste) or after the use of these products by consumers (post-consumer plastic
waste). It is cost effective process and helps decrease carbon emissions.

The global plastic recycling market is projected to grow from an estimated $42.4 billion in 2024 to $57.9 billion by 2029,
exhibiting a Compound Annual Growth Rate (CAGR) of 6.4%. Plastic recycling is the process of retrieving waste or used
plastic materials and converting them into new products. Plastic waste is collected, sorted, cleaned, and processed in this
process to produce a new material that can be utilized to make other products. The major objective of plastic recycling is to
decrease the amount of plastic waste that ends up dumping grounds and oceans and to conserve natural resources by
using recycled plastic instead of new plastic. These programs promote recycling plastic bags to mitigate landfill hazards.
People are also increasingly preferring to recycle plastic products to reduce waste. It is a crucial aspect of waste
management and environmental conservation efforts. Several key factors are driving the plastic recycling market.

The rising awareness of the negative impacts of plastic waste on the environment, such as ocean pollution and harm to
wildlife, is one of the major factors driving the growth of the market. Due to this, there is now more demand for plastic
recycling as a means of reducing plastic waste and lowering its environmental impact. The growing desire by consumers
and businesses for environmentally friendly and sustainable goods is another factor driving the plastic recycling industry.
Recycled plastic is increasingly being used in goods by many businesses, which has increased demand for the material.

Because of the Central Government's total emphasis on infrastructure and continuation of reforms, the sector in which
your company operates will get a big boost. Further, the strong Research and Development (R&D) facilities of your

company will propel the turnover in the very near future. Your company has been constantly seeking inroads in overseas
markets. A high standard of research and development will ensure cost reduction and cost control, which primarily affects
the bottom line of any company.

The global plastic recycling market forecast report is segmented on the basis of product, source, application, and region.
By product, the market is sub-segmented into polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP),
polyvinyl Chloride (PVC), polystyrene (PS), and others. According to Source, the market is classified into plastic bottles,
plastic films, polymer foam, and others.

Preservation of the environment, being the primary concern, worldwide, recycling becomes an important aspect, and we
look forward to the growth of industry.

Share Capital

There is no change in the Share Capital of the Company. As on 31^st March, 2025, the paid-up equity share capital of the
company stood at Rs. 1881.46 lacs divided into 94072930 equity shares of face value Rs. 2/- each.

Transfer to General Reserve

The Board of Directors decided to retain the entire amount of profits for FY 2024-25 in the retained earnings.

Transfer of Amount to Investor Education and Protection Fund

The dividend for the financial year ended 31^st March, 2018, which remains unpaid or unclaimed for a period of seven years,
will be due for transfer to the Investors' Education and Protection Fund (IEPF) on 2^nd November, 2025. Members who have
not yet enchased their dividend warrants for the financial year ended 31^st March, 2018 or any subsequent financial year(s),
are requested to lodge their claims with the Company's RTA without any delay.

Pursuant to the provisions of the Investor Education and Protection Fund ("IEPF") (Uploading of information regarding
unpaid and unclaimed amounts lying with companies) Rules, 2012 ("IEPF Rules"), the Company has already filed the
necessary form and uploaded the details of unpaid and unclaimed amounts lying with the Company, as on the date of last
Annual General Meeting ("AGM") (i.e., 27^th September, 2024), with the Ministry of Corporate Affairs ("MCA").

The related data is available on the Company's website.

Deposits

Your Company has not accepted any deposits from the public and/ or members during the year under review, within the
meaning of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of Deposit) Rules, 2014 and
accordingly as of 31^st March, 2025, there were no unpaid deposits with the Company.

Research and Development

Your Company recognizes that Research & Development ("R&D") plays a vital role in supporting operations as well as
future growth. Your Company focuses its attention on development of Products that have wide industrial applications,
particularly in cable, piping, packaging and footwear industries. Through R&D, it endeavors to increase production, lower
the cost of production and lower wastage.

Directors and Key Managerial Personnel

The Board of Directors of your Company comprises of Six (6) Directors of which Two (2) are Executive Directors, One (1) are
Non-Executive Director and Three (3) are Non-Executive and Independent Directors as on 31^st March 2025.

Appointment/ Re-appointment

In accordance with the provisions of Section 152 of the Companies Act, 2013 ("the Act"), Dr. Pranab Ranjan Mukherjee
(DIN: 00240758), Whole-Time Director of the Company, retires by rotation at the ensuing AGM and being eligible, has

offered himself for re-appointment.

As per the stated provisions of the Act, the Independent Directors are not liable to retire by rotation.

Brief resume, nature of expertise, disclosure of relationship between directors inter-se, details of directorships and
committee membership held in other companies of the Directors proposed to be appointed/re-appointed, along with
their shareholding in the Company, as stipulated under Secretarial Standard-2 ("SS-2")issued by the Institute of Company
Secretaries of India ("ICSI"), and Regulation 36 of the SEBI Listing Regulation is appended as an Annexure to the Notice of
the ensuing AGM.

Mrs. Ramya Hariharan (DIN: 06928511), Independent Director of the Company was re-appointed to said office for a term of
5 years w.e.f. 27^th September, 2024. As such, his term of office expires on 26^th September, 2024. The Board, at its meeting
held on 23^rd May, 2024, upon recommendation of Nomination and Remuneration Committee at its meeting held on same
day. Her appointment as Independent Director for a term of 5 years w.e.f. 27^th September, 2024, was approved by the
shareholders vide Postal Ballot, result whereof was declared on 28^th June, 2024. It is also informed that she had submitted
her consent for being re-appointed as Independent Director of the Company.

Mr. Dhari Lal Goenka (DIN 10717410) was appointed as an Additional Director under the category of Independent Director
w.e.f. 15^th August, 2024 by the Board at its meeting held on 13^th August, 2024, upon recommendation of the Nomination
and Remuneration Committee at its meeting held on the same day. His appointment as Independent Director for a term of
5 years w.e.f. 15^th August, 2024 was approved by the shareholders at the AGM held on 27^th September, 2024. It is also
informed that he had submitted his consent for being appointed as Independent Director of the Company.

The necessary disclosures about Directors, required pursuant to Regulation 36 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") and Clause 1.2.5 of the Secretarial Standard on
General Meetings, are annexed to the Notice of 40^th AGM, forming part of the Annual Report.

Key Managerial Personnel

As at the Financial Year ended 31^st March, 2025, the following were the Key Managerial Personnels of the Company: -

(1) Mr. Narrindra Suranna,

(2) Dr. Pranab Ranjan Mukherjee,

(3) Mr. Indar Chand Dakalia, and

(4) Mrs. Swati Bhansali.

Your Company has also received the necessary declaration from all the directors, as enumerated in Section 164(2) and
184(1) of the Companies Act, 2013.

Independent Directors

The following Independent Directors of the Company are on Board as at 31^st March, 2025: -

(1) Mr. Samir Kumar Dutta,

(2) Mrs. Ramya Hariharan, and

(3) Mr. Dhari Lal Goenka.

None of the Independent Director is due for re-appointment at the ensuing AGM or during the period under review.

The Board is of the opinion that the Independent Directors of the Company have fulfilled the conditions as specified in SEBI
(Listing Obligations and Disclosure Requirements), Regulations, 2015 and are independent of the management, possess
requisite qualifications, experience, proficiency, and expertise in their respective designated fields and are people of
integrity.

The Independent Directors of the Company have undertaken requisite steps towards the inclusion of their names in the

data bank of Independent Directors maintained with the Indian Institute of Corporate Affairs (IICA), in terms of Section 150
of the Companies Act, 2013 (including any statutory modifications, amendments/ re-enactments, if any) read with Rule 6
of the Companies (Appointment and Qualification of Directors) Rules, 2014, as amended from time to time.

Further, at the time of the appointment of an Independent Director, the company also issues a formal letter of
appointment outlining his/her role, function, duties and responsibilities. The terms and conditions of the Independent
Directors are incorporated under the head 'Terms of Appointment of Independent Director' on the website of the
Company at https://www.kkalpanagroup.com/investor-relations/.

Cessation

Mr. Deepesh Tiwari (DIN: 09644428), Independent Director of the Company, resigned from his office w.e.f. 29^th June, 2024.

None of the Directors are disqualified or debarred by Securities and Exchange Board of India ("SEBI") or any other statutory
authority, from continuing office as Director and Certificate received in this regard from Mr. Ashok Kumar Daga (FCS-2699,
COP-2948), Practicing Company Secretary, is annexed to this report as "Annexure 1".

Declaration by Independent Directors

All Independent Directors of the Company have given declarations under Section 149(7) of the Companies Act, 2013, that
they meet the criteria of Independence, as laid down under Section 149(6) of the Companies Act, 2013 and Regulation
16(1)(b) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. In terms of Regulations 25(8) of the
SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Independent Directors have confirmed that
they are not aware of any circumstance or situation, which exists or may be reasonably anticipated, that could impair or
impact their ability to discharge their duties with an objective independent judgment and without any external influence.
They have also confirmed, respectively, pursuant to Circular No. LIST/COMP/14/2018-19 dated 20^th June, 2018 issued by
BSE Ltd., pertaining to enforcement of SEBI Orders regarding appointment/ re-appointment of Director/Independent
Director, that they are not debarred from holding office of Independent Director/ Director by virtue of any SEBI order or
any other statutory authority and are not disqualified from continuing as Independent Directors in terms of Section 164 of
the Companies Act, 2013. They have also confirmed, respectively, their compliance with Rules 6(1) and 6(2) of the
Companies (Appointment and Qualification of Directors) Rules, 2014 ("the Rules"), as amended from time to time, with
respect to registration with the Databank of Independent Directors maintained with Indian Institute of Corporate Affairs.

Board membership Criteria and list of Core Skills/ Expertise/ Competencies identified in the context of
the business

The Board of Directors are collectively responsible for selection of member on the Board. The Nomination and
Remuneration Committee of the Company follows defined criteria for identifying, screening, recruiting and
recommending candidates for selection as a Director on the Board. The criteria for appointment to the Board include:

• composition of the Board, which is commensurate with the size of the Company, its portfolio, geographical spread
and its status as a listed Company;

• desired age and diversity on the Board;

• size of the Board with optimal balance of skills and experience and balance of Executive and Non-Executive Directors
consistent with the requirements of law;

• professional qualifications, expertise and experience in specific areas of relevance to the Company;

• balance of skills and expertise in view of the objectives and activities of the Company;

• avoidance of any present or potential conflict of interest;

• availability of time and other commitments for proper performance of duties;

• personal characteristics being in line with the Company's values, such as integrity, honesty, transparency, pioneering
mindset.

The Board has identified the following skills/ expertise/ competencies fundamental for the effective functioning of the

Company, which are currently available with the Board: -

• Leadership - experience of running large enterprise, leading well-governed organization, with an understanding of
organizational systems and strategic planning and risk management, understanding of global business dynamics,
across various geographical markets, industry verticals and regulatory jurisdictions.

• Strategy and planning - Appreciation of long-term trends, strategic choices and experience in guiding and leading
management teams to make decisions in uncertain environments

• Governance - Experience in developing governance practices, serving the best interests of all stakeholders,
maintaining board and management accountability, building long-term effective stakeholder engagements and
driving corporate ethics and values

• Finance and Accounting Experience - Experience in handling financial management along with an understanding of
accounting and financial statement

• Understanding use of Digital / Information Technology-Understanding the use of digital / Information Technology
across the value chain, ability to anticipate technological driven changes & disruption impacting business and
appreciation of the need of cyber security and controls across the organization

• Sales and Marketing-Experience in developing strategies to grow sales and market share, build brand awareness and
equity, and enhance enterprise reputation.

The following are the details of respective core skills of Board Members :

Committees of the Board

The Board of Directors has the following Committees :

1. Audit Committee

2. Nomination and Remuneration Committee

3. Stakeholders' Relationship Committee

4. Corporate Social Responsibility Committee

The details of the Committees along with their respective composition, number of meetings and attendance at the meeting
are provided in the Corporate Governance Report, which also forms part of this Annual Report.

Separate meeting of Independent Directors

The Independent Directors met on 11^th February, 2025, without the attendance of Non-Independent Directors and members
of the Management. The Independent Directors reviewed the performance of Non-Independent Directors and the Board as
a whole, the performance of the Chairman of the Company, taking into account the views of Executive Directors and
Non-Executive Directors and assessed the quality, quantity and timeliness of flow of information between the Company
Management and the Board that is necessary for the Board to effectively and reasonably perform their duties.

Code of Conduct for Directors, Senior Management Personnel and Employees

Your Company has adopted the Code of Conduct ("the Code" or "CoC") for its Directors and Senior Management. In terms of
Regulation 26(3) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, all Directors and Senior
Management Personnel have affirmed compliance with the code. The Chief Executive Officer who is also Managing Director
has in turn affirmed and certified the same, under Regulation 34(3) read with Part D of Schedule V to the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (as amended), which certification is provided in the Report on
Corporate Governance. The Company also has in place an HR Policy for its employees at all levels.

Familiarization Programme for Independent Directors

The Company had organized familiarization programmes for the Independent Directors as per the requirement of the
Companies Act, 2013 and Regulation 25(7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and
it conducts familiarization programme, from time to time, for its Independent Director. All independent directors inducted
into the Board attended the familiarization programme. The Company has familiarized the Independent Director with the
company, their roles, rights, responsibilities in the company, nature of the industry in which the company operates and
business model of the company. The Company endeavors to update the Independent Directors regarding the company's
projects, new ventures, if any, opening of new office sites or manufacturing units, shutdown/ closure of any manufacturing
unit. It also keeps the Independent Directors informed of any sluggishness in finance/ liquidity problems, if any. The
suggestions received from Independent Directors are taken note of and informed to the Chairman and Managing Director
takes suitable measures, if required, on the suggestions of the Independent Directors. Further, at the time of the
appointment of an Independent Director, the company also issues a formal letter of appointment outlining his/her role,
function, duties and responsibilities. The format of the letter of appointment is available under the head draft letter of
appointment on our website (www.kkalpanagroup.com/investor-relations.php)

Board Evaluation

The Board of Directors has devised a policy for performance evaluation, which includes criteria for performance evaluation.
It reviews the performance evaluation criteria annually in accordance with Regulation 4(2)(f)(ii)(9) of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time. The Nomination and
Remuneration Committee accordingly carries out an annual evaluation of Board's performance, and the performance of its
Committees as well as Individual Directors (both Executive and Non-executive which also includes Independent Directors)
in accordance with Section 178(2) of the Companies Act, 2013. This involves receiving input from all Committee members.
The Board thereafter reviews and takes on record the performance evaluation done by the Nomination and Remuneration
Committee. The Board evaluates the performance of Independent Directors, pursuant to Regulation 17(10) of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule IV to the Companies Act, 2013.

Pursuant to the provisions of the Section 178(2) of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, the formal annual evaluation was carried out for the Board's own performance, its
committees & Individual Directors.

A structured performance evaluation form was prepared after taking into consideration inputs received from the Directors
and on the basis of the evaluation criteria laid down by Nomination and Remuneration Committee and as reviewed and
approved by the Board of Directors, covering various aspects of the Board's functioning including adequacy of the
composition of the Board and its Committees, Board culture, execution and performance of specific duties, obligations and
governance, the effectiveness of its processes, information, flow and functioning.

A separate meeting of Independent Directors was held to review the performance of Non-Independent Directors, the
performance of the Board of Directors and the performance of Chairman. The Directors evaluation was broadly based on
parameters such as, meeting the expectation of stakeholders, guidance and review of corporate strategy, risks, participation,
Director's contribution to the Board of Directors and Committee meetings, including preparedness on the issues to be
discussed as well as meaningful and constructive contribution and inputs during the meeting and attendance at Board /
Committee meetings, interpersonal skills. The performance evaluation of the Chairman of the Company was undertaken by
the Independent Directors considering the views of Executive Directors and Non-Executive Directors. The Chairperson is
evaluated on the key aspects of their role, their contribution to ensuring corporate governance, leadership qualities,
decision implementation, understanding of market and industry scenario etc. The Independent Directors also assessed the
quality, quantity, and timeliness of flow of information between the Company's management and the Board.

Observation of the Board in regard its own performance

In regard to Financial Year ended 31^st March 2025, the Board of Directors of the Company, after an exhaustive discussion on
the captioned subject matter, was of the opinion that operationally, the Board, as whole, had issued effective instructions,
from time to time, and the same were duly carried out.

Policy on Director's appointment and remuneration

The current policy is to have an appropriate mix of executive and non-executive which also includes independent directors
to maintain the independence of the Board and separate its functions of governance and management.

The Company's Policy for selection and appointment of Directors and their remuneration is based on its Nomination and
Remuneration policy which, inter alia, deals with the manner of selection of the Directors and Senior Management
Personnel and such other matters as provided under section 178(3) of the Companies Act, 2013 and regulation 19(4) of SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015, including any amendment thereto.

The policy of the Company on directors' appointment and remuneration, including the criteria for determining
qualifications, positive attributes, independence of a director and other matters, as required under section 178(3)
of the Companies Act, 2013 is available on the company's website under the head Policy at
www.kkalpanagroup.com/investor-relations.php.

Your Directors affirm that the remuneration paid to the directors is as per the terms laid out in the Nomination and
Remuneration Policy of the Company and in accordance with the Companies Act, 2013 and Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board meetings

The Board held Four (4) times during the financial year under review, the details of which are given in the Corporate
Governance Report which is annexed and forms a part of this report. The intervening gap between two consecutive
Meetings was within the period prescribed under the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 and as per the Circulars issued by the Ministry of Corporate Affairs and SEBI, in this regard.
During the year under review, the Board has accepted the recommendations of the Committees. The attendance of the
Directors at the Board Meetings held are as follows :

Directors' Responsibility Statement

Pursuant to the requirement clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, your Directors confirm that :

(a) in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper
explanation relating to material departures;

(b) the directors had selected such accounting policies and applied them consistently and made judgments and estimates
that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the
financial year and of the profit and loss of the company for that period;

(c) the directors had 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 had prepared the annual accounts on a going concern basis; and

(e) 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

(f) 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.

Statutory Auditors & Audit

Pursuant to Section 140 of the Companies Act, 2013, M/s. B. Chakrabarti & Associates (Firm Registration No. 305048E),
Chartered Accountant, had been appointed as Statutory Auditor of the Company for a tenure of 5 years commencing from
the conclusion of 37^th AGM of the Company held on 24^th September, 2022 till the conclusion of 42^nd AGM of the Company to
be held in 2027.

The Statutory Auditors have confirmed their eligibility and submitted the certificate in writing that they are not disqualified
to hold the office of the Statutory Auditor for the Financial Year 2025-26 and have consented to continue to act as Statutory
Auditors for the said period.

The report of the Auditors pertaining to the Accounts in respect of the Financial Year 2024-25 read with Notes on Accounts
are self-explanatory and therefore, do not require any further clarification. The Auditors' Report on the accounts for the year

ended 31^st March, 2025 does not contain any qualification, reservation, adverse remark or observation.

During the year under review no fraud was reported by the Auditors, pursuant to Section 143(12) of the Companies Act, 2013.
Internal Auditors & Internal Audit

Pursuant to Section 138 of the Companies Act, 2013 read with Rule 13 of Companies (Accounts) Rules, 2014, the Board of
Directors had re-appointed M/s. B. Mukherjee & Co., Chartered Accountants, Kolkata (Firm Registration No. 302096E) as
Internal Auditor for the financial year 2025-26, on the recommendation of Audit Committee, as at its meeting held on 16^th
May, 2025. The Quarterly Internal Audit Report submitted by Internal Auditors during the Financial Year 2024-25 has been
reviewed by the Audit Committee and Board, at their respective meetings and the suggestions therein implemented to the
extent possible.

Cost Auditors & Cost Audit

Pursuant to Section 148 of the Companies Act, 2013 read with Rule 4 of Companies (Cost Records and Audit) Rules, 2014, and
subject to rules thereunder, the Board of Directors, on the recommendation of the Audit Committee, as at its meeting held
on 16^th May, 2025, has re-appointed M/s. D. Sabyasachi & Co. (Membership No. 000369), Cost Accountants, Kolkata, as the
Cost Auditors of the Company for the financial year 2025-26 at remuneration of Rs. 20,000/- plus taxes, as applicable and out
of pocket expenses, subject to the approval of members of the Company. The ratification of said remuneration is placed for
consideration of members at ensuing AGM M/s. D. Sabyasachi & Co. have confirmed that their appointment is within the
prescribed limits, and they are free from any disqualifications as provided in Section 141 of the Companies Act, 2013.

The Cost Audit Report for the Financial Year 2023-24 does not contain any qualification, reservation, adverse remark or
observation.

Secretarial Auditor & Secretarial Audit

Pursuant to Section 204 of the Companies Act, 2013 read with Rule 9 of Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 and Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the Board of Directors at its meeting dated 16^th May, 2025, on the recommendation of the Audit
Committee, appointed Mr. Ashok Kumar Daga (Membership No. FCS- 2699, COP No. 2948), Practicing Company Secretary, as
Secretarial Auditor of the Company, to conduct Secretarial Audit & Annual Secretarial Compliance Auditor, for a term of 5
(Five) consecutive years commencing from Financial Year 2025-26, subject to the approval of the shareholders at the ensuing
AGM of the Company.

The consent letter, certificate of eligibility and peer review confirmation of the Secretarial Auditor, dated 3^rd May, 2025, was
received from Mr. Ashok Kumar Daga (Membership No. FCS-2699, COP No. 2948), Practicing Company Seceretary. The brief
profile and other details of Secretarial Auditor are disclosed in the AGM Notice approved by the Board.

The report of the Secretarial Auditor for the Financial Year 2024-25 in Form MR-3 is annexed herewith as 'Annexure 2' to this
report. The report is self-explanatory and does not call for any further comments.

Annual Secretarial Compliance Audit

SEBI Circular No. CIR/CFD/CMD1/27/2019 dated 8^th February, 2019 introduced that listed companies shall additionally, on an
annual basis, require a check by Practicing Company Secretary ("PCS") on compliance of applicable SEBI Regulations and
circulars/ guidelines issued thereunder, consequent to which, the PCS shall submit a report to the listed entity. Further, in
accordance with Regulation 24A of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 also the Annual
Secretarial Compliance Certificate is required to be filed with the Stock Exchange where the shares of the company are listed
within 60 days from end of related financial year. Accordingly, Mr. Ashok Kumar Daga (Membership No.FCS- 2699, COP No.
2948), Practicing Company Secretary, was appointed by the Board for the said purpose who has since submitted his report
to the Board, as per the prescribed format SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11^th November,

2024, copy whereof was placed for consideration by Board members, at its meeting held on 16^th May, 2025 and shall
subsequently be submitted to the Stock Exchange as per the requirement of the said circular and regulation.

The Annual Secretarial Compliance Report issued by Mr. Ashok Kumar Daga, (Membership No.FCS- 2699, COP No. 2948),
Practicing Company Secretary for the year ended 31^st March 2025 does not contain any qualification, reservation or adverse
remark and is annexed herewith as 'Annexure 3' to this report.

Policies

The Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 mandated the
formulation of certain policies for all listed companies. All applicable policies are available under the head Policy on the
Company's website: www.kkkalpanagroup.com/investor-relations.php. The policies are reviewed periodically by the Board
and/or Committees, as required, and updated, based on need and new compliance requirements.

Corporate Social Responsibility (CSR)

The Company has a Corporate Social Responsibility Committee, the constitution of which is detailed in the Corporate
Governance Report forming part of this Report. In compliance with Section 135 of the Companies Act, 2013 read with
Companies (Corporate Social Responsibility Policy) Rules, 2014, as amended from time to time, the Company has adopted a
CSR policy which is available under the head policy at: http://www.kkalpanagroup.com/investor-relations.php.

Pursuant to Section 135 of the Companies Act, 2013, Companies (Corporate Social Responsibility) Rules, 2014 and Schedule
VII to the Companies Act, 2013, CSR is applicable to every Company having:

(1) Net worth of Rs. 500 Crore or more, or

(2) Turnover of Rs. 1000 crore or more, or

(3) Net Profit of Rs. 5 crore or more.
during the immediately preceding financial year.

The turnover, net worth and net profit of the company in the immediately preceding financial year 2024-25 (with respect to
financial year 2023-24) did not exceed the limit as specified under Section 135 of the Companies Act, 2013 and therefore CSR
Expenditure was not required in the financial year 2024-25.

The turnover, net worth and net profit of the financial year under review i.e. financial year 2025-26 does not exceed the limit
as specified under Section 135 of the Companies Act, 2013 read with relevant Rules and therefore no CSR Expenditure is
mandatorily required to be undertaken in the FY 2025-26.

Related party transactions

Your Company has formulated a policy on Related Party Transaction ("RPT") which is available on Company's website
www.kkalpanagroup.com. The Audit Committee reviews this policy periodically and also reviews and approves all related
party transactions, including RPT for which Omnibus approval are accorded, to ensure that the same are in line with the
provisions of applicable laws and the RPT Policy adopted by the company.

There were no transactions that required disclosure under section 134(3)(h) of the Companies Act, 2013, in Form AOC-2, and
hence your company has not provided any details of such related party transactions. Further, there are no material RPT,
during the year under review, with the Promoters, Directors or any Key Managerial Personnel which may have a potential
conflict of interest with the Company at large. Prior Omnibus Approval has been obtained for transactions which are of a
foreseen and repetitive nature which shall be reviewed by the Audit Committee periodically. All RPT were entered into by the
Company at its ordinary course of business and were at arm's length. Omnibus Approval granted for the year under review
for repetitive transactions was reviewed by the Board and Audit Committee of the company. The details in respect to
captioned matter are specified in notes on the Financial Statement.

All RPT entered into by the company, during the year under review, were in ordinary course of business and at arm's length.
The approval for entering into material RPT to be entered by the Company with DPIL and with Ddev Plastic Limited ("DPL")
during FY 2024-25 was accorded by the shareholders of the company vide postal ballot, result whereof was declared on 11^th
April, 2024. In addition to the above approvals, Omnibus Approval for ratification of RPT to be entered with DPIL for F.Y
2023-24 and approval of material RPT to be entered with DPIL for FY 2024-25 was accorded by the shareholders of the
company vide postal ballot, result whereof was declared on 28^th June, 2024.

Prior Omnibus Approval has been obtained for transactions which are of a foreseen and repetitive nature in the financial
year 2025-26, which shall be reviewed by the Audit Committee periodically.

Further, the Audit Committee and the Board at its respective meeting held on 11^th February, 2025 had granted Omnibus
Approval for RPTs to be entered with DPIL and DPL for FY 2025-26, was approved by the shareholders of the company vide
postal ballot, result whereof was declared on 31^st March, 2025.

Subsidiaries/ Joint Ventures / Associate Companies

The wholly owned subsidiary in the name of Kkalpana Plastic Reprocess Industries Middleeast FZE incorporated in Hamriyah
Free Zone, Sharjah, United Arab Emirates, has been wound up on 25^th December, 2023, with an effective date of 21^st
November, 2023, as approved in the Board Meeting based upon the recommendation of the Audit Committee at their
respective meeting dated 14^th November, 2023 and therefore ceased to be the subsidiary of the Company. However, the
consolidated financial results were applicable to the company from the period 1^st April, 2023 to 31^st December, 2023. From
1^st January, 2024, the consolidated financial results are not applicable to the company on account of disposal of investment
in subsidiaries i.e., Kkalpana Plastic Reprocess Industries Middleeast FZE w.e.f. 21^st November, 2023. Hence, the company is
required to prepare only standalone financial results.

The Company did not have any Subsidiary, Associate and/ or Joint Venture Companies during the financial year ended 31^st
March, 2025. However, your company is a subsidiary of Bbigplas Poly Private Limited ("BPPL") which holds 74.18% of the
share capital of the company as at 31^st March, 2025.

Material changes and commitments affecting the financial position of the Company

There is no change in the business of the company. However, as per the Scheme of Arrangement between the Company,
DPIL and their respective shareholders and creditors, as approved by the Hon'ble National Company Law Tribunal, Kolkata
Bench (NCLT) vide its order dated 4^th March, 2022, the Compounding Business Undertaking of the Company was transferred
to DPIL, on a going concern basis, under provisions of Section 230-232 of the Companies Act, 2013, w.e.f. appointed date 1^st
April, 2021. The certified copy of said NCLT Order was received on 16^th March, 2022 and filed with the Ministry of Corporate
Affairs on 1^st April, 2021, being the effective date.

Particulars of Loans, Guarantees and Investments

Pursuant to provisions of Section 186 of the Companies Act, 2013, the company is allowed to give loans, guarantees, or make
investments exceeding sixty percent of the aggregate of its paid-up share capital, free reserves and securities premium
account or one hundred percent of its free reserves and securities premium account, whichever is more, however the said
limits may be exceeded subject to prior approval of members being accorded for the same. The members had, in this regard,
approved the limit of Rs. 2000 Crores (Rupees Two Thousand Crores only) and the Company has not exceeded the approved
limit.

Details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013, are
provided in the financial statement (please refer to Note 9 to the financial statement).

Risk Management Policy

Your company has an elaborate Risk Management procedure and adopted a systematic approach to mitigate risk associated
with accomplishments of objectives, operations, revenues and regulations. The Board takes responsibility for the overall
process of risk management throughout the organization. In terms of the requirement of the Companies Act, 2013, the
Company has developed and implemented the Risk Management Policy and the Audit Committee of the Board reviews the
same periodically. The company considers activities at all levels of the Organization viz. Enterprise level, Division level,
Business Unit Level and Subsidiary level in the risk management framework. The risk management process of the Company
focuses on three elements viz. 1) Risk Assessment 2) Risk Management and 3) Risk Monitoring. The Company's business units
and corporate functions address risk through an institutionalized approach aligned to the Company's objective. This is
further facilitated by the Internal Audit which is reviewed by the Board and Audit Committee of the Company. The key risks
and mitigating actions are reviewed and significant audit observations and follow up actions thereon are reported to the
Audit Committee and Board.

Significant and material orders passed by the regulators

A Scheme of Arrangement between the Company, DPIL (CIN: U24290WB2020PLC241791) and their respective Shareholders
and Creditors, providing for, inter alia, transfer of the Compounding Business Undertaking of the Company, on a going
concern basis, to DPIL, as per provisions of Section 230-232 of the Companies Act, 2013, ("the scheme") was considered and
approved by the Hon'ble National Company Law Tribunal ("NCLT"), Kolkata Bench vide its order dated 4^th March, 2022.
Accordingly, Compounding Business Undertaking of the Company stands demerged and vested in DPIL wef the appointed
date 1^st April, 2021 in accordance with the said NCLT Order. The certified copy of the NCLT Order dated 4^th March, 2022 was
received on 16^th March, 2022 and duly filed with Registrar of Companies, West Bengal, on 1^st April, 2021 (Effective date). DPIL
had allotted 94072930 Equity Shares of Re.1 each in the ratio of 1:1 to the shareholders of the KIIL whose name appeared in
the shareholders' list of the Company as on 8^th April, 2022, being the record date for the said purpose.

Disclosure as per Sexual Harassment of Women at workplace (Prevention, Prohibition and Redressal) Act, 2013

Your Company firmly believes in providing a safe, supportive, and friendly workplace environment - a workplace where its
values come to life through supporting behaviors. A positive workplace environment and great employee experience are
integral parts of its culture. Your Company continues to take various measures to ensure a workplace free from
discrimination and harassment based on gender.

Your Company educates its employees as to what may constitute sexual harassment and in the event of any occurrence of
an incident constituting sexual harassment. Your Company has created the framework for individuals to seek recourse and
redressal to instances of sexual harassment. Your Company has a Sexual Harassment Prevention and Grievance Handling at
the Workplace Policy in place to provide clarity around the process to raise such a grievance and how the grievance will be
investigated and resolved. An Internal Committee has been constituted in line with the Sexual Harassment of Women at
Workplace (Prevention, Prohibition and Redressal) Act, 2013 and Rules made thereunder, as amended from time to time, the
Company has in place Internal Complaints Committee (ICC) which has been setup to redress complaints regarding Sexual
Harassment. There are regular sessions offered to all employees to increase awareness of the topic and the Committee and
other senior members have undergone training sessions.

The following is the summary of Sexual Harassment complaints received and disposed off during the year under review :

No. of Complaints at the beginning of the Financial Year (i.e., 01.04.2024) - Nil

No. of Complaints received during the Financial Year (i.e., 2024-25) - Nil

No. of Complaints disposed off during the Financial Year (i.e., 2024-25) - Nil

No. of pending at the end of the Financial Year (i.e., 31.03.2025) - Nil

All employees (permanent, contractual, temporary & trainees) are covered under the captioned Act. Your directors are
pleased to state that working atmosphere of your company is very healthy for male and female employees/ workers.

Particulars of Employees

None of the employees, employed during the year, was in receipt of remuneration, in aggregate of Rupees 1,02,00,000 or
more per annum for the financial year 2024-25, or Rs. 8,50,000 or more per month for any part of the Financial Year, as set out
in the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, Therefore, no such details have
been provided in terms of section 197(12) of the Companies Act, 2013 read with Rules 5(2) and 5(3) of the Companies
(Appointment and Remuneration of managerial Personnel) Rules, 2014.

The ratio of remuneration of each Director to the median employee's remuneration and other details in accordance with
sub-section 12 of Section 197 of the Companies Act, 2013, read with Rule 5(1) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, as amended, forms part of this report and is marked as 'Annexure 4'.

Annual Return

Pursuant to the provisions of section 92(3) and 134(3)(a) of the Companies Act, 2013 read with Rule 12(1) of the Companies
(Management and Administration) Rules, 2014, the annual return for the Financial Year 2024-25 is uploaded on the website
of the Company at www.kkalpanagroup.com/investor-relations/ under the tab Annual Report.

Vigil mechanism

The Company believes in conducting its affairs in fair and transparent manner by adopting the highest standards of
professionalism, honesty, integrity and ethical behavior. Pursuant to the requirement of Section 177(9) of the Companies
Act, 2013 and Regulation 22 of the SEBI Listing Regulations, the Company has established a vigil mechanism which also
incorporates a whistle blower policy in terms of the SEBI Listing Regulations in order to provide a secure environment and to
encourage employees to report unethical, unlawful, improper practice, acts or activities, if any. Protected disclosures can be
made by a whistle blower through an email or phone or letter to the chairman of Audit Committee. The Vigil Mechanism may
be accessed on the Company's website at www.kkalpanagroup.com/investor-relations/ under the tab Policies.

During the year under review, no employee was denied access to the Audit Committee.

Internal Financial Controls

The Board has adopted policies and procedures for the governance of orderly and efficient conduct of its business, including
adherence to the Company's policies, safeguarding its assets, prevention and detection of frauds and errors, accuracy and
completeness of the accounting records and timely preparation of reliable financial disclosures. The internal financial
controls with reference to the Financial Statements are commensurate with the size and nature of the business of your
Company. These have been designed to provide reasonable assurance with regard to recording and providing reliable
financial and operational information, complying with applicable Indian Accounting Standards (Ind AS) and relevant
statutes. The Internal Auditor and the Audit Committee review the Internal Financial Control system periodically. During the
year under review, no material or serious observation has been received from the Internal Auditors of the Company for
inefficiency or inadequacy of such controls.

E-Voting Facility at Annual General Meeting

In terms of Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in compliance
with the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of Companies (Management and
Administration) Rules, 2014 and other applicable provisions of the Companies Act, 2013 and Rules made thereunder (as
amended), the items of business specified in the Notice convening the 40^th Annual General Meeting of the Company shall be
transacted through electronic voting system only and for this purpose the Company is providing e-Voting facility to its'
Members whose names will appear in the register of members as on the cut-off date (fixed for the purpose), for exercising
their right to vote by electronic means through the e-Voting platform to be provided by National Securities Depository Ltd
("NSDL"). The detailed process and guidelines for e-voting have been provided in the notice convening the meeting.

Green Initiatives in Corporate Governance

As a responsible corporate citizen, the Company supports the 'Green Initiative' undertaken by the Ministry of Corporate
Affairs, Government of India, enabling electronic delivery of documents including the Annual Report etc. to Shareholder at
their e-mail address registered with the Depository Participants ("DPs") and Registrar and Share Transfer Agent ("RTA"). To
support the 'Green Initiative; Shareholder who have not registered their email addresses are requested to register the same
with the Company's RTA /Depositories for receiving all communications, including Annual Report, Notices, Circulars, etc.,
from the Company electronically.

The Ministry of Corporate Affairs and SEBI has permitted companies to send electronic copies of Annual Report, notices, etc.
to the registered E-mail addresses of shareholders. Your Company has accordingly arranged to send the electronic copies of
these documents to shareholders whose email addresses are registered with the Company/ Depository Participant(s),
wherever applicable. In accordance with the MCA and SEBI circulars the Company can send electronic copies of notice of
AGM and Annual Report on registered email addresses of the Shareholders available with the company/RTA or the
depositories. Physical circulation of notice of AGM and Annual Report is dispensed with and electronic circulation through
E-mail shall suffice. In accordance with the MCA Circulars and SEBI Circulars, your company has also adopted the facility of
E-Voting at the AGM in addition to the Remote E-Voting facility that is provided in terms of provisions of Section 108 of the
Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Amendment Rules, 2015 and
Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended, and Secretarial
Standards on General Meetings (SS-2) issued by the Institute of Company Secretaries of India.

Human Resources and Industrial Relations

The Industrial relations of the Company with its personnel has continued to be cordial and amicable. Your Directors
acknowledge and appreciate the efforts and dedication of employees to the Company. Your directors wish to place on
record the co-operation received from the Staff and Workers, at all levels and at all units.

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

Your Company has directed its efforts to reduce energy costs by focusing on energy savings through the best optimization
of operations on day-to-day basis. The Company has used fuels in appropriate mix to attain maximum savings.

As required under Companies (Accounts) Rules, 2014, the particulars of energy conservation, Technology Absorption and
Foreign Exchange Earnings and outgo is given in the prescribed format as an Annexure to the Report and marked as
'Annexure 5'.

Management's Discussion and Analysis Report

In accordance with Regulation 34(2)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the
Management's Discussion and Analysis Report for the year under review, is presented in a separate section forming part of
the Annual Report and marked as 'Annexure 6'.

Corporate Governance

The Company has taken the requisite steps to comply with the requisite recommendations concerning Corporate
Governance. The Company is committed to good corporate governance practices. The report on Corporate Governance for
the financial year ended 31^st March, 2025, as per regulation 34(3) read with Schedule V of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, forms part of this Annual Report and marked as 'Annexure 7. The requisite
Certificate from the Statutory Auditors of the Company confirming compliance with the conditions of Corporate
Governance is annexed to said Report.

Compliance with applicable Secretarial Standards

The Institute of Company Secretaries of India (ICSI) is one of the premiere professional bodies in India. ICSI has issued
Secretarial Standards on important aspects like Board Meetings (SS-1), General Meetings (SS-2), Payment of Dividend (SS-3),

Maintenance of Registers and Records, Minutes of Meetings and Transfer / Transmission of Shares. The observance of
Secretarial Standards SS-1 and SS-2 are mandatory. Rest are recommendatory in nature. The company adheres to the
applicable standards voluntarily.

Acknowledgement

Your Directors takes this opportunity to thank the Financial Institutions, Banks, Central and State Government authorities,
Regulatory authorities, Stock Exchanges and all the various stakeholders for their continued co-operation, co-operation to
the Company and look forward for their continued support in coming years.

Your Directors also wish to place on record its sincere appreciation of the efforts put in by all Company's employees and
workers at all levels for their enormous effort as well as their collective contribution to the Company's performance.

For and on behalf of the Board of Directors
Narrindra Suranna

^Place : ^Kolkata (Din: 00060127)

^{Date : 16}.⁰⁵.²⁰²⁵ Chairman & Managing Director