The Directors have pleasure in presenting the 18^th Annual Report along with the Audited
Financial Statements for the year ended March 31, 2025.

1. FINANCIAL HIGHLIGHTS

The Company's Financial Performance, for the year ended March 31, 2025, is summarized
below:

2. FINANCIAL PERFORMANCE

Your Directors are pleased to report that for the year under review, your Company has been able
to achieve, total revenue during the financial year 2024-25 at Rs. 23,943.38 lakhs which was
increase by approx. 93% over last year (Rs. 12405.56 Lakh in 2023-24) while the Profit after tax
(PAT) for the year was Rs. 972.15 Lakh of higher by approx. 63% as compared to the Profit after
Tax (PAT) of Rs. 597.83 lakhs in 2023-24.

3. RESERVE

During the year under review, there was no amount transferred to any of the reserves by the
company. You may refer notes to the financial statements of the company.

4. CHANGE IN THE NATURE OF BUSINESS

There is no change in the nature of the business of the Company during the year.

5. MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE
COMPANY WHICH HAVE OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR OF THE
COMPANY TO WHICH THE FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT

No material changes and commitments affecting the financial position of the Company occurred
between the end of financial year to which this financial statement relates and the date of this
Report.

6. CAPITAL STRUCTURE

The Authorised Share Capital of the Company is Rs. 30,00,00,000/- (Rupees Thirty Crore only)
divided into 15,00,00,000 (Fifteen Crore) Equity shares of Face Value of Rs 02/- (Rupees Two
only).

During the year, the Company issued and allotted 2,75,35,454 (Two Crore Seventy-Five Lakhs
Thirty-Five Thousand Four Hundred Fifty-Four) Equity Shares of Rs. 2/- each of the Company,
pursuant to the Right issue of the Company. As a result of the allotment, the issued, subscribed
and paid-up capital of the Company increased to Rs. 24,59,15,908 /- (Rupees Twenty-Four Crore
Fifty - Nine Lakhs Fifteen Thousand Nine Hundred Eight Only) divided into 12,29,57,954 (Twelve
Crore Twenty-Nine Lakhs Fifty-Seven Thousand Nine Hundred Fifty- Four) Equity Shares, having
value of Rs. 2/- each fully paid up. The shares so allotted rank pari passu with the existing share
capital of the Company. Apart from the same, there was no other change in the share capital of
the Company.

7. INDIAN ACCOUNTING STANDARDS

The Financial Statements for the year ended on March 31, 2025 have been prepared in
accordance with the Companies (Indian Accounting Standard) Rules, 2015, prescribed under

Section 133 of the Companies Act, 2013 ('the Act') and other recognized accounting practices
and policies to the extent applicable.

8. CREDIT RATING

During the year under review, the Company has been assigned credit rating of IVR BBB-/ Stable
(i.e., IVR Triple B Minus with stable outlook) [previous IVR BB Stable (i.e., IVR Double B Plus
with stable outlook)] for its long-term bank facilities and IVR A3 (i.e. IVR A Three) [previous IVR
A4 (i.e., IVR A Four Plus)] for its short-term bank facilities by INFOMERICS VALUATION AND
RATING PVT. LTD. Upgraded credit ratings reflect the company's improved credit profile, financial
discipline, and stronger operational performance, reinforcing its ability to meet financial
obligations.

9. DIVIDEND

Your Directors feel that it is prudent to plough back profit for future growth of the company,
hence do not recommend any dividends for the year ended on March 31, 2025.

Pursuant to the Requirements of Regulation 43A of the Securities and Exchange Board of India
(Listing Obligations & Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations'),
the Company has formulated its Dividend Distribution Policy,
the details of which are available on the Company's website at
https://www.ultracabwires.com/pdf/uil-policy-on-d ividend-distribution.pdf.

10. EXTRACT OF THE ANNUAL RETURN

Pursuant to Section 92(3) read with Section 134(3) (a) of the Act, the Annual Return as on March
31, 2025 is available on the website of the Company at

https://www.ultracabwires.com/pdf/annual-return-mgt-7-fy-2023-24.pdf.

11. PUBLIC DEPOSITS

Your Company has not accepted any deposits from the public within the meaning of Section 73
of the Act and the Companies (Acceptance of Deposits) Rules, 2014 (including any statutory
modification(s) or re-enactment(s) for the time being in force).

12. LISTING OF SHARES

The Company's equity shares are listed at BSE Limited (the 'BSE'). The equity shares of the
Company are actively traded on BSE. Further, the applicable listing fees for the financial year
2025-26 have been paid to the BSE.

13. DETAILS OF DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMPs)

A. Composition

The Board of Directors ('the Board') of the Company consists of distinguished professionals
who bring extensive experience, exceptional leadership skills and a deep commitment to
the Company's growth and governance. As on March 31, 2025, the Board consisted of six (6)
Directors. Details regarding the composition of the Board, its committees, and other
relevant disclosures are presented in the "Corporate Governance Report," which forms an
integral part of this Annual Report.

B. Change in Director(s)

I. During the year under review, Mr. Bipinchandra Sangani, Mr. Kanjibhai Hirpara, and Mr.
Prashant Sawant ceased to be Independent Directors of the Company, upon completion
of their prescribed tenure.

II. During the year under review i.e. 2024-25, based on the recommendation of the
Nomination and Remuneration Committee (the 'NRC') and the Board, Shareholders of
the Company at its 17^th Annual General Meeting held on September 06, 2024, approved
appointment of

• Mr. Vipul Mansukhbhai Patel (DIN: 07608693);

• Mr. Satish Kalkani (DIN: 10719585); and

• Mrs. Viralben Chetankumar Dave (DIN: 10719954)

as Independent Directors of the Company for a term of 5 (Five) consecutive years
effective from September 06, 2024, in accordance with the provisions of Section 149 and
152 of the Act read with Schedule IV and Rules made thereunder and other applicable
provisions of the Act, if any. Post March 31, 2025, Mr. Vipul Mansukhbhai Patel (DIN:
07608693) resigned from the position of Independent Director effective from Closure of
Business hours on July 30, 2025, due to their other professional commitments.

C. Changes in Key Managerial Personnel (KMP)

Pursuant to the provisions of Section 203 of the Act, the following are the Key Managerial
Personnel of the Company as on March 31, 2025:

1. Mr. Nitesh Parshottambhai Vaghasiya - Chairman cum Managing Director

2. Mr. Pankaj Vasantbhai Shingala - Whole Time Director

3. Mr. Pravin Pansuriya - Chief Financial Officer

4. Ms. Brinda Paras Mehta - Company Secretary and Compliance Officer

During the year under review i.e. 2024-25, Ms. Brinda Paras Mehta (Membership No.
A66883) resigned from the position of Company Secretary and Compliances Officer with
effect from March 31, 2025, except this there were no changes in the Key Managerial

Personnel of the company. Post March 31, 2025 Mr. Amit Vishwkarma (Membership No.
A74154) was appointed as Company Secretary and Compliance Officer with effect from July
01, 2025, pursuant to the provision of Section 203 of the Act and Listing Regulations.

D. Declaration bv Independent Directors

All Independent Directors have submitted disclosures confirming their compliance with
Section 149(6) of the Act and Regulation 16(1)(b) of the Listing Regulations, qualifying them
for appointment/re-appointment as Independent Directors. The Board is satisfied that they
meet the necessary criteria.

In accordance with Regulation 25(8) of the Listing Regulations, the Independent Directors
have confirmed that no circumstances exist that could impair their ability to discharge
duties with objective independent judgment. They have also complied with the Code for
Independent Directors under Schedule IV of the Act and registered with the Independent
Directors' database maintained by IICA.

A certificate confirming the non-disqualification of Directors, as required by the Listing
Regulations, is attached to this Annual Report.

Further, in the opinion of the Board, the Independent Directors also possess the attributes
of integrity, expertise and experience as required to be disclosed under Rule 8(5) (iiia) of the
Companies (Accounts) Rules, 2014.

E. Director liable to retire bv rotation

As per the provisions of Section 152 of the Act, not less than two-third of the total number
of Directors, other than Independent Directors shall be liable to retire by rotation. One-third
of these Directors are required to retire every year and if eligible, these Directors qualify for
re-appointment. At the ensuing AGM, Mr. Pankaj Vasantbhai Shingala (DIN: 03500393)
Whole Time Director, retires by rotation and being eligible, offers himself for
re-appointment.

A detailed profile of Mr. Pankaj Vasantbhai Shingala, Whole Time Director along with
additional information required under Regulation 36(3) of the Listing Regulations and
Secretarial Standard on General Meetings is provided separately by way of an Annexure to
the Notice of the AGM.

14. BOARD FAMILIARISATION AND TRAINING PROGRAMME

Your Board is regularly updated on changes in statutory provisions, as applicable to your
Company. Your Board is also updated on the business operations of your Company. These
updates help the Directors in keeping abreast of key changes and their impact on your Company.
The details of such programmes are provided in the Corporate Governance Report, which forms
part of this Integrated Annual Report.

15. COMMITTEES OF THE BOARD

The Company has duly constituted the following Statutory Committees in terms of the
provisions of the Act & Listing Regulations read with rules framed there under viz:

a) Audit Committee

b) Nomination and Remuneration Committee

c) Shareholder and Investor Grievance Committee

d) Corporate Social Responsibility Committee

During the year under review, the Company also constituted a Rights Issue Committee
comprising three members of the Board to oversee matters related to the Rights Entitlement to
eligible applicants. The Committee was formed for a specific purpose and was dissolved upon
completion of the allotment process and all related activities.

The Composition of all such Committees, number of meetings held during the year under
review, brief terms of reference and other details have been provided in the Corporate
Governance Report which forms part of this Annual Report. During the year all the
recommendations made by the Committees were accepted by the Board.

16. BOARD MEETINGS

During the year under review 5 (Five) Board Meetings were convened and held. The details of
which are given in the Corporate Governance Report. The maximum interval between any two
meetings did not exceed 120 days as prescribed in the Act.

17. INDEPENDENT DIRECTORS' MEETING

Pursuant to the requirements of Schedule IV to the Act and the Listing Regulations, the
Independent Directors met on March 27, 2025, without the attendance of Non-Independent
Directors and members of the Management to inter alia review the performance of
non-independent directors and the Board as a whole; the performance of the Chairperson 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.

18. BOARD EVALUATION

In compliance with Section 134(3)(p) of the Act read with Rule 8(4) of the Companies (Accounts)
Rules, 2014, and the applicable provisions of the Listing Regulations, the Board of Directors
undertook an annual evaluation of its own performance, that of its Committees, and of
individual Directors, including Independent Directors, for the financial year 2024-25. The
evaluation process was guided by the criteria recommended by the NRC and was conducted
internally through a structured mechanism, comprising detailed questionnaires and interactive
discussions.

The Independent Directors at their separate meeting reviewed the performance of
Non-Independent Directors, the Board as a whole and the Chairman of the Company after
taking into account the inputs from Executive Directors and Non-Executive Directors. The
Directors also discussed 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 the duties.

PERFORMANCE EVALUTION

Board and Committee Evaluation

I. The Board's performance was assessed on parameters including:

• Composition and structure;

• Effectiveness of processes and decision-making;

• Quality of governance and ethical leadership;

• Oversight of financial reporting, internal controls, and audit functions;

• Strategic guidance and monitoring of company performance.

II. The performance of the Committees was evaluated based on:

• Adequacy of composition and expertise;

• Clarity and execution of roles and responsibilities;

• Quality of deliberations and reporting to the Board;

• Availability of required resources and support.

Individual Director Evaluation

III. The performance of each Director was evaluated considering:

• Leadership qualities and active participation;

• Constructive engagement in Board discussions;

• Understanding of the Company's business and strategy;

• Ability to contribute effectively and independently;

• Commitment to fiduciary duties and stakeholder interests;

• Willingness to question, challenge, and provide guidance.

The outcome of the evaluation was placed before the Board for review. The Directors expressed
satisfaction with the process and agreed to implement necessary improvements based on the
findings and recommendations arising from the evaluation.

19. DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to the requirement under Section 134(3) (c) of the Act, it is hereby confirmed that:

a) In the preparation of the annual accounts for the year ended on March 31, 2025, the

applicable accounting standards read with requirements set out under Schedule III to the Act,
have been followed and there are no material departures from the same;

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 as at March 31, 2025 and of the profit of the Company for
the year ended on that date;

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

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
that such internal financial controls are adequate and are operating effectively; and

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

20. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

The Management Discussion and Analysis Report for the year under review as stipulated under
under Regulation 34(2)(e) read with Schedule V (C) of the Listing Regulations is presented in a
separate section forming part of this Annual Report.

21. AUDITORS

(A) Statutory Auditor

M/s. Bhavin Associates, Chartered Accountants (Firm Registration No. 101383W) were
re-appointed as the Statutory Auditors of the Company for a period of 5 years to hold office for a
second term commencing from the conclusion of 15^th Annual General Meeting till the
conclusion of the 20^th Annual General Meeting of the Company to be held in the year 2027.

M/s. Bhavin Associates, Chartered Accountants, are eligible to be re-appointed for a further
term of 5 (five) years, in terms of provisions of Sections 139 and 141 of the Act.

The Company has received written consent and certificate of eligibility in accordance with
Sections 139, 141 and other applicable provisions of the Act and Rules issued thereunder, from
M/s. Bhavin Associates, Chartered Accountants. They have confirmed to hold a valid certificate
issued by the Peer Review Board of the Institute of Chartered Accountants of India (ICAI) as
required under the Listing Regulations.

The Auditors have issued an unmodified opinion on the Financial Statements for the financial
year ended March 31, 2025. The said Auditors' Report for the financial year ended March 31,
2025, on the financial statements of the Company forms part of this Annual Report.

There were no fraud reported by the Statutory Auditors under provisions of Section 143(12) of
the Act and Rules made there under.

(B) Secretarial Auditors

Pursuant to Section 204 and Rule 9 of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 of the Act, The Board has appointed
M/s. Jain Preeti & Company, Practicing Company Secretaries (Firm's Unique Identification No.
S2015DE320300), New Delhi to conduct Secretarial Audit for the financial year 2024-25. The
Company provided all assistance and facilities to the Secretarial Auditor for conducting their
audit. The Secretarial Auditors have submitted their Report for the financial year ended
March 31, 2025 in the prescribed Form MR-3 of the Act and is annexed to this report as
"Annexure -1".

Some observations by Secretarial Auditor under report for FY 2024-25 are as under:

1. The Company has not filed IEPF-2 within due date.

2. The previous two independent Directors were retired on August 8, 2024, and new
Independent Directors were appointed on September 06, 2024

3. Mr. Pankaj Shingala - a whole-time director was appointed for the term of five years started
on April 01, 2024, by Board of directors on May 17, 2024, and approval for the same was
taken from shareholders on September 06, 2024.

4. The Independent Directors were appointed with Ordinary Resolution.

Further, pursuant to the Listing Regulations, the Board of Directors, on the recommendations of
the Audit Committee, hereby recommends the appointment of M/s. Jain Preeti & Company,
Practicing Company Secretaries (Firm's Unique Identification No. S2015DE320300), New Delhi
subject to approval from the Members of the Company at the ensuing AGM, to conduct the
secretarial audit of the Company for one term of five consecutive years, commencing from April
01, 2025 to March 31, 2030. The firm has confirmed their eligibility for the said appointment as
per the Listing Regulations and have also confirmed that they hold a valid certificate issued by
the Peer Review Board of The Institute of Company Secretaries of India.

(C) Internal Auditor

Pursuant to Section 138 of the Act, The Company has appointed a Adv. Adarsh Gohel, proprietor
of Gohel & Associates, professional to act as Internal Auditor.

(D) Cost Audit

As the Companies (Cost Records and Audit) Rules, 2014 is not applicable to your Company,
therefore cost records as specified by the Central Government under sub-section (1) of Section
148 of the Act, is not required, therefore such accounts and records are not made and
maintained by the Company. Accordingly, the Company had not appointed any Cost Auditor for
the financial year 2024-25

22. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has proper and adequate system of internal control to ensure that all assets are
safeguarded and protected against loss from unauthorized use or disposition and that
transactions are authorized, recorded and reported correctly. The Company has effective system
in place for achieving efficiency in operations, optimum and effective utilization of resources,
monitoring thereof and compliance with applicable laws.

23. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186

Details of Loans, Guarantees and Investments covered under the provisions of Section 186 of
the Act, are given in the notes to the Financial Statements.

24. CORPORATE GOVERNANCE

Your Directors are pleased to report that your Company strives to ensure that best corporate
governance practices are identified, adopted and consistently followed. Your Company believes
that good governance is the basis for sustainable growth of the business and for enhancement
of stakeholders' value. In compliance with Regulation 34 of the Listing Regulations, a separate
report on Corporate Governance along with a certificate from the Auditors on its compliance
forms an integral part of the Annual Report.

25. ANNUAL SECRETARIAL COMPLIANCE REPORT

The Company has duly filed the Annual Secretarial Compliance Report for the financial year
ended March 31, 2025, in accordance with Regulation 24(A) of the Listing Regulations.
The report, issued by M/s. Jain Preeti & Company, Practicing Company Secretaries, New Delhi,
confirms the Company's compliance with applicable SEBI Regulations, guidelines, and circulars.

26. CORPORATE SOCIAL RESPONSIBILITY (CSR)

As a responsible corporate citizen, the Company is committed to undertaking various
developmental initiatives aimed at improving the quality of life for underprivileged sections of
society and other stakeholders. In compliance with the provisions of Section 135(1) of the Act,
read with the Companies (Corporate Social Responsibility Policy) Rules, 2014, the Company has
constituted a Corporate Social Responsibility (CSR) Committee.

The Company has also formulated a detailed CSR Policy, which outlines the proposed activities
to be undertaken and ensures alignment with the areas specified under Schedule VII of the Act,
as amended from time to time. The CSR Policy is available on the Company's website at:
https://www.ultracabwires.com/pdf/uil-policy-on-csr.pdf.

The Annual Report on the CSR activities are required to be given under Section 135 of the Act
read with Rule 8 of the Companies (Corporate Social Responsibility Policy) Rules, 2014 has been
provided in "Annexure-2" which is annexed hereto and forms part of this report.

27. PARTICULARS OF EMPLOYEES

None of the employee has received remuneration exceeding the limit and information
pertaining to Section 197(12) read with Rule 5(1) of the companies (Appointment and
Remuneration of Managerial Personnel) Rules 2014 is annexed herewith as "Annexure 3".

28. REMUNERATION POLICY

The Board has, on the recommendation of NRC framed a policy for selection and appointment
of Directors, Senior Management and their remuneration 178 of the Act, read with the Rules
made thereunder and Regulation 19 of the Listing Regulations. The Remuneration Policy is
stated in the Corporate Governance Report and is available on the website of the Company at
https://www.ultracabwires.com/pdf/uil-policy-nrc.pdf

Details pursuant to Section 197(12) of the Act

As per Section 136(1) of the Act, the Integrated Annual Report is being sent to the Members and
others entitled thereto, after excluding the disclosure on remuneration of employees as
required u/s 197(12) of the Act read with Rule 5(2) and 5(3) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014. Any Member interested in obtaining a
copy of the said Statement may write to the Company Secretary at the registered office of the
Company.

Further, pursuant to the provisions of Section 197 of the Companies Act, 2013 read with Rule
5(2) and Rule 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel)
Rules, 2014, a statement containing the names and other particulars of employees who were in
receipt of remuneration in excess of the limits specified under the said Rules is required to be
provided. However, during the year under review, no such employee was in receipt of
remuneration exceeding the prescribed limits.

29. CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES

All related party transactions that were entered into during the financial year were on an arm's
length basis and were in the ordinary course of business and are in compliance with the
applicable provisions of the Act, Listing Regulations and as per the policy adopted by the
Company on dealing with Related Party Transactions.

Form AOC-2 relating to Disclosure of Particulars of Contracts/ arrangements entered into by the
Company with related parties is annexed as "Annexure - 4" and forming part of this Report.

All Related Party Transactions are placed before the Audit Committee as also the Board for
approval. A statement giving details of all related party transactions is placed before the Audit
Committee and the Board of Directors for their approval on a quarterly basis.

Further, the Policy on materiality of Related Party Transactions as approved by the Audit

Committee and the Board is available on the website of the Company at
https://www.ultracabwires.com/pdf/uil-policv-on-related-partv-transaction.pdf.

30. RISK MANAGEMENT

Risk management is a critical component of our business strategy. The primary objective is to
identify, assess, monitor, and mitigate events that could pose risks to the Company. Our risk
management practices are integrated into core business processes, enabling us to minimize
potential risks to the greatest extent possible.

The Company has established a robust framework for identifying, managing, and reporting risks
while also capitalizing on potential opportunities. Mitigation plans are developed for all
significant risks and are continuously reviewed and monitored by the Management Team.

The Audit Committee plays an active role in monitoring and reviewing the risk mitigation
strategies to ensure their effectiveness. It also provides additional oversight in the areas of
financial risk and internal controls.

The Board of Directors periodically reviews the Company's operations to identify existing or
potential risks and implements appropriate corrective actions in the best interest of the
Company. Furthermore, the majority of business operations are conducted under the direct
supervision and control of the Managing Director, which significantly reduces the likelihood of
fraud or irregularities.

In the opinion of the Board, no risks have been identified that may threaten the continued
existence or long-term viability of the Company.

31. VIGIL MECHANISM / WHISTLE BLOWER POLICY

The Company has adopted a vigil mechanism under Section 177(9) of the Act, read with
Companies (Meetings of Board and Its Powers ) Rule, 2014 and the Listing Regulations, the
Company has adopted a Whistle Blower Policy to provide a mechanism to its directors,
employees and other stakeholders to raise concerns violation of legal or regulatory
requirements, misrepresentation of any financial statement and to report actual or suspected
fraud or violation of the Code of Conduct of the Company.

The policy is available on the Company's website at
https://www.ultracabwires.com/pdf/uil-policy-whistle-blower.pdf.

During the year under review, your Company has not received any complaints under the vigil
mechanism.

32. ENVIRONMENT, HEALTH AND SAFETY

Considering Environment, Health and Safety as topmost priority, we strive to provide a safe and
healthier work environment for our workforce. Our Manufacturing unit is maintaining highest
system standards like Occupational Health & Safety Management System ISO 45001:2018.

The Company is conscious of the importance of environmentally clean & safe operations. The
Company's policy requires conduct of operation in such a manner, so as to ensure safety of all
concerned, compliances environmental regulations and preservation of natural resources. We
celebrate days of importance like World Environment Day, National Safety Day etc. to create
awareness and educate our workforce.

33. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO:

Particulars of Conservation of Energy, Technology Absorption and Foreign Exchange Earning and
Outgo as per Section 134 (3) (m) of the Act, and the Rule 8(3) of the Companies (Accounts)
Rules, 2014 as under:

A) Conservation of energy:

The Company regularly reviews measures to be taken for energy conservation, consumption and
its effective utilization. Additionally, due to consideration is given for selection of energy efficient
plant & machinery while undertaking manufacturing capacity expansion, modernization & up
gradation. The other identified key initiative taken for conservation of energy during the year
were -

(i) Steps taken or impact on conservation of energy, utilizing alternate sources of energy

and capital investments in energy conservation equipment:

• Installation of Energy-Efficient Machinery: High-capacity, high-speed, and
energy-efficient Wire Drawing, Conductor Stranding, Laying-Up, Armoring
Machines, and Sheathing Lines have been installed. These machines are equipped
with advanced AC drive-based motor control systems, enabling precise control
and ensuring substantial energy savings during operations.

• Alternate Power Source: A 125 KVA generator has been deployed as an alternate
energy source to ensure uninterrupted power supply and operational continuity
during power outages.

• Adoption of Renewable Energy: A 490 kW rooftop solar power system has been
successfully installed and commissioned at the Company's Shapar manufacturing
facility. This solar installation is expected to generate significant energy savings
annually, resulting in long-term cost benefits while reducing dependency on
non-renewable energy sources. It also marks a major step in the Company's
transition towards clean, sustainable, and environmentally responsible energy
practices

(B) Technology absorption:

(i) The efforts made towards technology absorption are:

• Identification and sourcing of new and alternate materials for ensuring quality
improvement and cost competitiveness

• Modernization and technological upgradation of plant & equipments.

• Optimisation of raw material utilisation, process engineering and reduction of
wastage.

(ii) The benefits derived like product improvement, cost reduction, product
development:

• Diversified and wider product range to address emerging market opportunities.

• Enhanced productivity and overall operational efficiency.

(iii) Imported technology (imported during the last 5 years reckoned
from the beginning of the financial year):

a) Technology Imported: NIL

b) Imported from: NIl

c) Has technology been fully absorbed? NA

(C) Foreign exchange earnings and Outgo:

The Foreign Exchange earned in terms of actual inflows during the year and the Foreign
Exchange outgo during the year in terms of actual outflows as follows:

i) Earnings by way of Exports: Rs. 501.51 Lakhs

ii) Outgo by way of Imports: NIL

34. POLICY ON PREVENTION OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE

As a responsible employer, Ultracab has always been conscious of its duty towards prevention
and control of sexual harassment at workplace. The Company has complied with the applicable
provisions of Sexual Harassment of Women at Workplace (Prevention, Prohibition and
Redressal) Act, 2013. It has formulated and adopted a Policy on Prevention of Sexual
Harassment of Women at Workplace under and has also constituted an Internal Complaints
committee as per the aforesaid Act. All employees (permanent, contractual, temporary,
trainees) are covered under this Policy. The Company also conducts regular training sessions to
increase awareness on the policy among its employees.

The policy on Prohibition, Prevention & Redressal of Sexual Harassment is available on the
website of the Company at https://www.ultracabwires.com/pdf/uil-policy-on-posh.pdf.

The Company has not received any complaint of sexual harassment at workplace during the
year.

35. BUSINESS RESPONSIBITY AND SUSTAINABILITY REPORT (BRSR)

Pursuant to Regulations 34(2)(f) of the Listing Regulations. The Business Responsibility and
Sustainability Report (BRSR) for the year ended March 31, 2025, is not applicable to the
company.

36. OTHER DISCLOSURES

Your Company during the financial year ended March 31, 2025:

a) has complied with Secretarial Standards issued by the Institute of Company Secretaries
of India (ICSI) on Meetings of the Board of Directors and General Meetings;

b) has neither issued shares with differential rights as to dividend, voting or otherwise nor
has granted stock options or sweat equity under any scheme. Further, none of the
Directors of the Company holds investments convertible into equity shares of the
Company as on March 31, 2025;

c) During the year under review, the Company has not provided any loan or given any
guarantee or made any investment;

d) There was no revision of financial statements and Boards report of the Company, during
the year under review;

e) No significant or material orders were passed by the Regulators or Courts or Tribunals
which impact the going concern status of the Company and its operations in future;

f) The Company does not have any subsidiary company, Joint Venture or Associate
Company;

g) There was no application made or no proceeding pending under the Insolvency and
Bankruptcy Code, 2016 during the year;

h) The details regarding transfer of unclaimed dividend and shares to Investor Education
and Protection Fund (IEPF) Authority during the FY 2024-25 are being disclosed in the
Corporate Governance Report forming part of this Annual Report;

i) The requirement to disclose the details of difference between amount of the valuation
done at the time of onetime settlement and the valuation done while taking loan from
the Banks or Financial Institutions along with the reasons thereof, is not applicable;

37. ACKNOWLEDGEMENT

Your Directors wish to express their appreciation and gratitude to all the employees at all levels
for their hard work, dedication and cooperation during the year.

Your Directors wish to express their sincere gratitude for the excellent support and co-operation
extended by the Company's shareholders, customers, bankers, suppliers, regulatory and
government authorities and all other stakeholders.

For and on behalf of the Board of Directors
Ultracab (India) Limited,
Sd/-

Nitesh Parshottambhai Vaghasiya
Date: August 29, 2025 Chairman Cum Managing Director

Place: Mumbai (DIN No: 01899455)

REGISTERED OFFICE:

ULTRACAB (INDIA) LIMITED

Survey No. 262, B/h. Galaxy Bearings Ltd.,

Shapar (Veraval) - 360024
Dist.- Rajkot. Gujarat.

CIN:L31300GJ2007PLC052394
Tel.: 02827 - 253122 / 23
e-mail: info@ultracab.in
web: www.ultracabwires.com