Your Directors of the Company have pleasure in
presenting the 68^th Annual Report and Audited
Financial Statements of the Company for the year
ended 31st March, 2025.

FINANCIAL RESULTS

The financial results, in brief, for the year ended 31st
March, 2025 are as under:

DIVIDEND

In view of the need to conserve cash at this time, your
Directors have recommended to the Members a
dividend of Rs. 0.10 per share (previous year Rs. 0.10
per share) amounting to Rs. 3.06 Lacs for the financial
year ended 31st March, 2025.

OPERATIONS & FUTURE OUTLOOK

Your Company has closed the financial year with
upward trend of turnover and profits. The expansion
cum modernization project is complete. This has made
the Company ready for the future and will improve the
performance in the forthcoming years.

Your Company continues to maintain its leadership in
Technical Textiles due to continued thrust on new
product development and technology up-gradation. A
number of steps taken to reduce costs and increase
market penetration will lead to improved performance
in the coming years.

DIRECTORS

Mr. Satish Ajmera (DIN: 00208919), Independent
Director of the Company, who was appointed for a
second term of 5 years with effect from 30th March,
2020, have retired upon completion of his second and
final term of 5 years on 29th March, 2025.The Board in
its meeting held on 24^th May, 2025 noted the same and
conveyed its sincere appreciation for the valuable

contribution made by Mr. Satish Ajmera during his
tenure as Independent Director of the Company.

The existing Independent Directors of the Company
namely Mr. Rishi Bajoria (DIN: 00501157) and Dr.
Sudhir Bhandari (DIN:08755101), who were appointed
for a term of 5 years with effect from 21^st July, 2020 will
be completing their 1^st term on 20^th July, 2025. As per
the provisions of Section 149(10) of the Companies
Act, 2013, Independent Director can be re-appointed
for a second term of up to five consecutive years on
passing of special resolution by shareholders of the
Company and disclosure of such appointment in its
Board's report. The Board of Directors at its meeting
held on 24^th May, 2025, on recommendation of
Nomination and Remuneration Committee and on the
basis of qualification, experience, past performance
and continued association with the Company as
Independent Director and subject to approval of the
shareholders, re-appointed Mr. Rishi Bajoria and Dr.
Sudhir Bhandari for further term of 5 years with effect
from 21^st July, 2025. The Board of Directors
recommends the re-appointments of above named
Directors namely Mr. Rishi Bajoria and Dr. Sudhir
Bhandari a second term of five years from 21^st July,
2025 as Independent Directors on the Board of the
Company. Appropriate resolutions seeking their re¬
appointments and their profiles are given in the Notice
convening the ensuing Annual General Meeting.

In accordance with the provisions of the Companies
Act, 2013 and the Articles of Association of the
Company, Mr. Devesh Khaitan (DIN: 00820595),
Director of the Company will retire by rotation at the
ensuing Annual General Meeting and being eligible,
offers himself for re-appointment. The Board
recommends his re-appointment. Profile of Mr. Devesh
Khaitan, is given in the Notice of the Annual General
Meeting.

AUDITORS

M/s. Jain Shrimal & Co., Chartered Accountants, (Firm
Registration No. 001704C), Statutory Auditors of the
Company were appointed for a term of five years, from
the conclusion of the 63^rdAnnual General Meeting till
the conclusion of the 68^thAnnual General Meeting of
the Company to be held during the current year 2025.
Subject to approval of members of the Company, the
Audit Committee and the Board of Directors during
their respective meetings held on 24^th May, 2025 have
considered and recommended the re-appointment of
M/s. Jain Shrimal & Co., Chartered Accountants as
Statutory Auditors of the Company to hold office from

the conclusion of 68^th Annual General Meeting until the
conclusion of 73^rd Annual General Meeting. M/s. Jain
Shrimal & Co., Chartered Accountants, (Firm
Registration No. 001704C) have given their consent
for the proposed re-appointment as Statutory Auditors
of the Company from the conclusion of 68^th Annual
General Meeting until the conclusion of 73^rd Annual
General Meeting. There are no qualifications,
reservations, adverse remarks or disclaimer in the
Statutory Audit Report and neither any fraud has been
reported by auditors under section 143(12) of the
Companies Act, 2013.

Pursuant to the provision of section 138 of the
Companies Act, 2013 and the Companies (Accounts)
Rules, 2014 M/s R. B. Verma & Associates, Chartered
Accountants, Jaipur and M/s A. K. Bhardwaj & Co.,
Chartered Accountants, Kolkata has conducted
Internal Audit of the Company for the Financial Year
2024-25. In terms of provisions of the Companies Act,
on recommendation of the Audit Committee, the Board
at its meeting held on 24^th May 2025 had appointed M/s
R. B. Verma & Associates, Chartered Accountants,
Jaipur and M/s A. K. Bhardwaj & Co., Chartered
Accountants, Kolkata as the Internal Auditor for the
financial year ending 31st March 2026. Further, the
Audit Committee considers and reviews the Internal
Audit Report submitted by the Internal Auditor on a
quarterly basis.

The Secretarial Audit was carried out by Mrs. Twinkle
Agarwal, Company Secretaries in Practice, having

Membership No. A52868 and Certificate of Practice
No. 25605 for the financial year ended 31^st March,
2025. In terms of provisions of the Companies Act,
subject to approval of members of the Company and
on recommendation of the Audit Committee, the Board
at its meeting held on 24^th May 2025 had appointed
Mrs. Twinkle Agarwal, Practicing Company Secretary
as the Secretarial Auditor for a term of 5 (five)
consecutive years from the financial year 2025-26 to
2029-30. The Secretarial Auditors' Report for the
financial year ending 31st March, 2025 is annexed
herewith. There are no qualifications, reservations,
adverse remarks or disclaimer in the Secretarial Audit
Report.

INFORMATIONS

Information's / statements as per the applicable
provisions of the Companies Act, 2013 & rules made
thereunder, the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015,
Secretarial Standard 1 & 2, and other applicable
statutory provisions are annexed.

ACKNOWLEDGEMENT

The Directors wish to place on record their gratitude to
the Customers, Investors, Bankers, Suppliers,
Government agencies and all other business
associates for their valuable assistance, continued
support and confidence in the Company. The Directors
also place on record their deep appreciation to all
employees of the Company for their continued &
unstinted efforts during the year.

For and on behalf of the Board

. K.K. Khaitan M. Khaitan

^ace: Jaipur Executive Chairman Managing Director

Date: 24^th May, 2025 DIN: 00514864 DIN: 00459612