Your Directors are pleased to present the 52^nd Annual Report
of the Company together with Audited Accounts for the
financial year ended 31st March, 2025.

FINANCIAL HIGHLIGHTS

OPERATIONS

The revenue from operations during the year under review has
improved to '128.81 lakh as against '122.36 lakh during the
previous year. The net loss from operations after tax worked out
to '86.43 lakh as compared to net loss of '132.90 lakh in the
previous year. Company is continuously striving to strengthen its
operations in near future.

FINANCIAL STATUS

The issued and subscribed capital of '8,64,30,000 divided into
86,43,000 equity shares of '10/- each, remains the same during
the year. There are no equity shares with differential rights or
sweat equity or ESOP or scheme of purchase of Company
shares by employees or their trustees.

DIVIDEND

Keeping in view the business commitments, your Company has
decided not to declare any dividend for the year 2024-2025.
RESERVES

There is no change in General Reserves during the year, which
stands at '43.78 lakh.

FIXED DEPOSITS

The Company has not accepted any fixed deposits covered
under Chapter V of the Companies Act 2013 read with
Companies (Acceptance of Deposits) Rules, 2014 (as
amended) during the year under review.

MATERIAL CHANGES AND COMMITMENTS, IF ANY,
AFFECTING THE FINANCIAL POSITION OF THE COMPANY
There are no significant and material changes occurred
subsequent to the close of the financial year to which the
Financial Statements relate and upto the date of report.

CORPORATE SOCIAL RESPONSIBILITY AND
GOVERNANCE COMMITTEE

In accordance with provisions of Section 135 of the Companies
Act, 2013, the Company is not required to undertake any activity
under CSR Rules.

DETAILS OF COMPANIES WHICH HAVE BECOME OR
CEASED TO BE ITS SUBSIDIARIES, JOINT VENTURES OR
ASSOCIATE COMPANIES DURING THE YEAR

Your Company has no Subsidiary or Joint Venture Company
during the year. However, there is an Associate by the name of
Malwa Chemtex Udyog Limited reportable under Section 129(3)
of the Companies Act, 2013.

A separate statement related to the Associate Company forms
part of Annual Report in the prescribed Form AOC-1 in
compliance with Section 129 and other applicable provisions of
the Companies Act, 2013 and is available on the website of the
Company at http://www.ssilindia.net. Consolidated Financial
Statement prepared by the Company includes financial
information of its Associate Company. The annual accounts of
the Associate Company have been kept for inspection by any
Shareholder at the Registered Office of the Company. The
Company will provide a copy of Annual Report and other
document of its Associate Company on the request made by any
member, investor of the Company.

CORPORATE GOVERNANCE REPORT- DISCLOSURE
REQUIREMENTS

As prescribed in Regulation 15(2) of SEBI (LODR) Regulations,
2015 compliance of corporate governance provisions is not
applicable to the Company. However, as a good practice taking
steps to maintain transparency, accountability and equity in
order to improve its dealings with all concerned, The Company
not only complies with the regulatory requirements but is also
responsive to the stakeholders' as well as associate's needs.
The Company already has an Audit Committee, a Stakeholder
Relationship Committee and Nomination and Remuneration
Committee duly constituted by the Board to look after various
activities. The Corporate Governance practices followed by the
Company are enclosed as Annexure to this report.

EXTRACT OF THE ANNUAL RETURN
Pursuant to Section 92(3) and Section 134(3)(a) of the
Companies Act, 2013, the Company has placed a copy of the
Annual Return as at March 31, 2025 on its website at
www.ssilindia.net. By virtue of amendment to Section 92(3) of
the Companies Act, 2013, the Company is not required to
provide extract of Annual Return (Form MGT-9) as part of the
Board's report.

DIRECTORS’ RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Companies Act, 2013, the
Directors' confirm that:

a. in preparation of the annual accounts for the year ending
31st March, 2025, the applicable accounting standards
had been followed along with proper explanation relating
to material departures, if any

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 control to be
followed by the Company and that such internal financial
controls were adequate and were operating effectively.

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 effectivel

INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR
ADEQUACY

The internal control systems and processes of the Company
cover operational efficiency, accuracy and promptness in
financial reporting, compliance with laws and regulations and
development of mature, disciplined and effective processes.
The processes are also designed to meet the goals of cost,
schedule, functionality and quality, thus resulting in higher levels
of customer satisfaction.

DIRECTORS

A) Changes in Directors and Key Managerial Personnel

Since the last Annual General Meeting, no changes have
taken place in the Board of Directors of the Company.

- Appointment of Shri Virander Kumar Arya (DIN:
00751005) as Independent Director of the Company for a
term of five years commencing from 01/10/2024 to
30/09/2029.

- Appointment of Smt. Tejinder Kaur (DIN: 00512377) as
Independent Director of the Company for a term of five
years commencing from 14/03/2025 to 13/03/2030.

- Cessation of Shri Surinder Singh Virdi (DIN: 00035408)
and Smt. Manju Lakhanpal (DIN: 07130592) as
Independent Directors on the Board of the Company on
completion of their term at the close of business hours of
30.09.2024 & 13.03.2025.

As per the provisions of Companies Act, 2013, Shri Sanjay
Garg (DIN: 00030956) Director, retires by rotation at the
forthcoming Annual General Meeting and being eligible
offers himself for re-appointment

B) Declaration by an Independent Director(s) and re¬
appointment, if any

A declaration by Independent Directors stating that
he/they meet the criteria of independence as provided in
sub-section (6) of Section 149 of the Companies Act, 2013
has been taken at the time of their appointment.

C) Formal Annual Evaluation of Board

The Board of Directors has carried out an annual
evaluation of its own performance, Board committees and
individual directors pursuant to the provisions of the Act
and the corporate governance requirements as prescribed
by Securities and Exchange Board of India (“SEBI”) under
SEBI (LODR) Regulations, 2015.

The performance of the Board was evaluated by the Board
after seeking inputs from all the directors on the basis of
the criteria such as the Board composition and structure,
effectiveness of board processes, information and
functioning, etc.

The performance of the committees was evaluated by the
Board after seeking inputs from the committee members
on the basis of the criteria such as composition of
committees, effectiveness of committee meetings, etc.

The Board and the Nomination and Remuneration
Committee (“NRC”) reviewed the performance of the
individual directors on the basis of the criteria such as the
contribution of the individual director to the Board and
committee meetings like preparedness on the issue to be
discussed, meaningful and constructive contribution and

inputs in meetings etc. In addition, the Chairman was also
evaluated on the key aspects of his role.

In a separate meeting of Independent Directors,
performance of non-independent directors, performance
of the board as a whole and performance of the Chairman
was evaluated, taking into account the views of executive
directors and non-executive directors. The same was
discussed in the Board meeting that followed the meeting
of the Independent Directors, at which the performance of
the Board, its committees and individual directors was also
discussed.

NUMBER OF MEETINGS OF THE BOARD OF DIRECTORS

During the year under review, 4 Board Meetings were held, one
each on 30th May 2024, 13th August 2024, 07th November 2024
and 13th February 2025.

POLICY ON DIRECTORS’ APPOINTMENT AND
REMUNERATION AND OTHER DETAILS

The Company's policy on Directors' appointment and
remuneration and other matters provided in Section 178(3) of
the Act has been disclosed in the corporate governance report,
which forms part of the Directors' Report.

AUDIT COMMITTEE

The Audit & Compliance Committee comprises of three Non¬
executive Independent Directors viz. Smt. Tejinder Kaur, Shri
Humesh Kumar Singhal and Shri Virander Kumar Arya. During
the year, the committee held four meetings. Other details of the
Audit Committee are included in the Corporate Governance
Report which forms part of this report.

The Board had accepted all recommendation of the Audit
Committee, if any.

DETAILS OF ESTABLISHMENT OF VIGIL MECHANISM/
WHISTLE BLOWER POLICY FOR DIRECTORS AND
EMPLOYEES

The Company has formulated and published a Whistle Blower
Policy to provide vigil mechanism for employees including
Directors of the Company to report genuine concerns. The
provisions of this Policy are in line with the provisions of Section
177(9) of the Act and Regulation 22 of SEBI (LODR)
Regulations, 2015.

There are no cases reported during the year.

NOMINATION AND REMUNERATION COMMITTEE

The committee has been constituted to review and recommend
compensation payable to the whole-time directors including
Chairman and senior management of the Company. The
committee reviews the overall compensation structure and
policies of the Company with a view to attract, retain and
motivate employees, reviewing compensation levels of the
Company vis-a-vis other Companies and industry in general.
The “Nomination & Remuneration Policy” may be accessed on
the Company's website at http//www.ssilindia.net.
PARTICULARS OF LOANS, GUARANTEES OR
INVESTMENTS UNDER SECTION 186
There were no Loans/ Guarantee given or Investments made by
the Company during the year exceeding the limits prescribed
under Section 186 of the Companies Act, 2013.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS
WITH RELATED PARTIES:

All contracts/ arrangements/ transactions entered by the
Company during the Financial Year with related parties were in
the ordinary course of business and on an arm's length basis.
During the year, the Company had not entered into any contract/
arrangement/ transaction with related parties which could be
considered material in accordance with the policy of the
Company on materiality of related party transactions. A
statement, in summary form, of transactions with related parties

which were all in ordinary course of business and arm's length
basis, is periodically placed before the audit committee for
review and recommendation to the board for their approval.

The policy on materiality of related party transactions and
dealing with related party transactions as approved by the board
is uploaded on the website of the Company.

Disclosures as required under Indian Accounting Standards (Ind
AS-24) have been made in the financial statements of the
Company, enclosed with this report.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT
Management Discussion and Analysis Report for the year under
review as stipulated under Regulation 34(2) (e) of SEBI (LODR)
Regulations, 2015, forms part of the Board's report.

BUSINESS RISK MANAGEMENT

The Company has policy to regularly review the repayment
schedule of Banks, Creditors and Statutory dues etc. and
manage its cash flow activity. As such the Company suffers no
risk, if any, which may threaten the existence of the Company.
Your Company is engaged in Infrastructure, Real Estate,
Trading and Commission business. A detailed report on
Management Discussion and Analysis pursuant to Part B of
Schedule V of SEBI (LODR) Regulations, 2015 is annexed to
this report.

AUDITORS
Statutory Auditors:

As per the Provisions of Section 139 of Companies Act, 2013,
M/s S.C. Dewan & Co., Chartered Accountants were appointed
as Statutory Auditors of the Company to hold office till the
conclusion of the Annual General Meeting to be held during the
year 2027.

The Company has received a certificate from them pursuant to
Companies (Audit & Auditors) Rules 2014 read with Section 139
& 141 of the Companies Act, 2013, confirming their eligibility for
reappointment, and that they were not disqualified for
reappointment.

Secretarial Auditor:

M/s S.K. Sikka & Associates, practicing Company Secretaries,
Chandigarh, was appointed as Secretarial Auditor & his report in
Form No. MR-3 under Section 204 of the Companies Act for the
Financial Year 2024-25 is attached & forms part of this Report.
Pursuant to recent amendments made to Regulation 24A of the
SEBI Listing Regulations, M/s S.K. Sikka & Associates,
Company Secretaries are appointed as the Secretarial Auditors
of the Company for a period of five years commencing from
01.04.2025 to 31.03.2030 subject to approval of shareholders.
Internal Auditor:

Pursuant to provisions of Section 138 of the Companies Act,
2013, the Company has appointed M/s Gupta Abhinav &
Associates, Chartered Accountants a qualified Chartered
Accountants duly authorized by the Board to conduct internal
audit of the functions and activities of the Company and maintain
internal control systems of the Company.

AUDITORS’ REPORT AND SECRETARIAL AUDITORS’
REPORT

The Auditors' Report and Secretarial Auditors' Report do not
contain any qualifications, reservations or adverse remarks.
Report of Secretarial Auditors is attached as an annexure which
forms part of this report.

LISTING OF SHARES

Equity shares of the Company are listed on BSE Limited and
Listing fee has already been paid in pursuance to Regulation 14
of SEBI (LODR) Regulations, 2015.

DEMATERIALISATION

The equity shares of your Company are being compulsorily
traded in dematerialized form. As on 31st March 2025, 7153450
equity shares, representing 82.77% of equity share capital have
been dematerialized. Demat ISIN Number allotted to the
Company by NSDL for equity shares is INE205F01016.
INSURANCE

All the assets of the Company have been adequately insured.
PERSONNEL AND RELATED DISCLOSURES
The information required under Section 197 of the Act read with
rule 5 of the Companies (Appointment and remuneration of
managerial personnel) rules 2014 is enclosed with this report.
INDUSTRIAL RELATIONS

Industrial relations continued to be cordial during the year under
review.

HEALTH, SAFETY AND ENVIRONMENT PROTECTION

Our Company has complied with all the applicable health &
Safety standards, environment laws and labour laws and has
been taking all necessary measures to protect the environment
and provide workers a safe work environment. Our Company is
committed for continual improvement in Health & Safety as well
as Environmental performance by involving all the employees to
provide a Safe & healthy work environment to all its employees
DISCLOSURE AS PER SEXUAL HARASSMENT OF WOMEN
AT WORK PLACE (PREVENTION, PROHIBITION AND
REDRESSAL) ACT, 2013

The Company has zero tolerance for sexual harassment at
workplace and has adopted a policy against sexual harassment
in line with the provisions of Sexual Harassment of Women at
Workplace (Prevention, Prohibition and Redressal) Act, 2013
and the rules framed thereunder.

During the financial year 2024-25, the Company has not
received any complaint on sexual harassment and hence no
complaints remain pending as on 31st March, 2025.
CONSERVATION OF ENERGY, TECHNOLOGY
ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND
OUTGO

Information in accordance with the provisions of Section
134(3)(m) of the Companies Act, 2013 regarding Conservation
of Energy, Technology Absorption and Foreign Exchange
Earnings and Outgo is not applicable as the Company did not
have any manufacturing facility during the period under
consideration. There were no foreign exchange earnings/ outgo
during the period.

MATERNITY BENEFIT: Rule 8(5)(xiii) of Companies
(Account) Rules, 2014

The Company affirms that it has duly complied with all provisions
of the Maternity Benefit Act, 1961, and has extended all statutory
benefits to eligible women employees, if any during the year.
ACKNOWLEDGEMENT

Your Directors acknowledge with gratitude the assistance, co¬
operation and support received by the Company from Banks,
Statutory/ Govt. Bodies, Customers and Shareholders of the
Company.

For and on behalf of BOARD OF DIRECTORS

TEJINDER KAUR SANJAY GARG

P^la,^ce' Director MANAGING DIRECTOR

^{Date : 30 May 2025} DIN: 00512377 DIN-00030956