We are pleased to present this Annual Report of E Factor Experiences Limited (the Company
or EFACTOR) on the business and operations of the Company together with the Audited
Financial Statements for the financial year ended March 31, 2025 (FY 2024-25)

Highlights of Financial Performance

The Audited Financial Statements of the Company as on March 31, 2025, are prepared in
accordance with the relevant applicable Accounting Standards and Regulation 33 of the
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI Lis ng Regulations”) and the provisions of the Companies Act, 2013
(“Act”).

The summarized financial highlight is depicted below

Rs. in Lacs

REVENUE AND OPERATIONAL ACHIEVEMENTS

• In FY25, we achieved a revenue of INR 17155.37 lacs, a notable increase from INR
14855.74 Lacs in FY24, a YoY growth of 25%.

•

• Our Profit before tax for FY25 was INR 2703.21 Lacs as compared to 2073.50 lacs in FY
24, a YoY growth of 30.3%

•

• The PAT for FY25 stood at INR 2017.5 6 Lacs, with margin at 11.8%, which is a testament
to our operational efficiencies.

LISTING WITH STOCK EXCHANGE

The Company's shares are listed on NSE (SME Platform) under Trading Symbol EFACTOR. The
ISIN code of the Company is INE0KFF01017. Your Company has paid requisite Annual Listing
Fees to National Stock Exchange of India Limited (NSE) where its securities are listed.

SHARE CAPITAL

During the year under review there was no change in the issued, subscribed and paid-up
capital of the Company.

E FACTOR EXPERIENCES LIMITED - EMPLOYEE STOCK OPTION PLAN 2024”
(“E FACTOR - ESOP 2024”)

The Board of Directors of Company approved the Employee Stock Option Scheme 2024
(ESOP) in the Board Meeting held on 02/07/2024, and same scheme was subsequently
approved by members in the Annual General Meeting held on 02/08/2024. The aggregate no.
of shares under this Scheme shall not exceed 3,00,000 Equity Shares of Face Value of Rs. 10/-
each fully paid up. The In-principle approval from NSE was received on 22/08/2024. During the
Financial Year 2024-25 i.e., on 09/11/2024, the company granted 2,08,000 options to its
employees.

Disclosures required under Regulation 14 of Securities and Exchange Board of India (Share
Based Employee Benefits and Sweat Equity) Regulations, 2021 relating toEmployees Stock
Purchase are given in ‘Annexure 1' to this Report.

DIVIDEND:

The Board of Directors at its meeting held on 26^th Aug 2025, has recommended the Final
Dividend for FY 2024-25 at the rate of 12% i.e. Rs.1.20/- per equity share at face value of Rs.10/-
each, which is subject to the approval of members at the ensuing Annual General Meeting.

EXTRACT OF ANNUAL RETURN:

In accordance with section 134(3)(a) of the Act, the annual return as referred in section 92(3) of
the Act, for the financial year under review shall be placed on the website of the Company,
https://www.efactorexp.com/ under the lnvestor>Annual Return Section.

PUBLIC DEPOSITS

The Company has not accepted any deposits from the public as defined under Chapter V of
the Companies Act, 2013 and the Rules made thereunder.

DETAILS OF FRAUDS REPORTED BY AUDITORS

During the year under Review, no details of fraud were reported by auditors of the company
under Section 143(12) of the Companies Act, 2013.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION
186

Pursuant to Section 186 of the Companies Act, 2013 and Schedule V of the Listing Regulations,
disclosure on particulars relating to Loans, Guarantee and Investments are provided as part of
the financial statements.

PARTICULARS OF EMPLOYEES & REMUNERATION

Disclosure pertaining to remuneration and other details as required under Section 197(12) of
the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014 is annexed to the Report as Annexure- II.

There are no employees employed throughout the financial year who are in receipt of
remuneration of Rs. 1,02,00,000 or more, or employed for part of the year in receipt of Rs.
8,50,000 or more a month, under Rule 5 (2) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 & its amendment thereto, therefore there
is no statement annexed.

PARTICULARS OF CONTRACTS AND ARRANGEMENTS MADE WITH
RELATED PARTIES

During the year under review, all contracts or arrangements with related parties were entered
into at arm's length basis and in the ordinary course of business. Particulars of contract or
arrangement made with related parties referred to in section 188 (1) of the Companies Act 2013
in prescribed form AOC-2 is appended in “Annexure- III” to the Board's report.

AUDITORS:

Statutory Auditor

M/s Ellahi Goel & Co; Chartered Accountants (FRN No.: 005147N), Delhi, were appointed as
Statutory Auditors of the Company for a period of 5 years at the Annual General Meeting held
in FY 2024 until the Annual General Meeting of the Company to be held for FY 2028, as
required under section 139 of the Act read with the Companies (Audit and Auditors) Rules,
2014.

Secretarial Auditor

The Board has appointed M/s. Kumar Goel & Associates Company Secretary in Practice, to
conduct a Secretarial Audit for the FY 2024-25. The Secretarial Audit Report of the Company as
prescribed under Section 204 of the Companies Act, 2013, for the FY ended March 31, 2025, is
annexed herewith as “Annexure IV ” to this Report. The Secretarial Audit report does not
contain any qualification, reservation or adverse remarks.

Internal Auditor

Pursuant to section 138 of the Companies Act, 2013 read with the Companies (Accounts) Rules,
2014, the Company had appointed M/s. CKB & Associates., Chartered Accountants, (FRN No.:
040719N), as Internal Auditor of the Company for the financial year 2024-25 pursuant to section
138 of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014.

The role of internal auditors includes but is not limited to review of internal systems, standard
operating procedures, adherence to statutory laws & other operational norms, as set by the
management, monitoring of implementation of corrective actions required, reviewing of
various policies and ensure its proper implementation, etc.

Cost Records and Cost Audit

Maintenance of cost records and requirement of cost audit as prescribed under the provisions
of Section 148(1) of the Act are not applicable for the business activities carried out by the
Company.

During the Financial Year 2024-25 the Auditors have not reported any matter under section
143(12) of the Companies Act, 2013, therefore no detail is required to be disclosed under section
134(3) (ca) of the Companies Act, 2013.

CORPORATE SOCIAL RESPONSIBILITY:

In accordance with the provision of Section 135 of the Companies Act, 2013, the Company has
constituted a Corporate Social Responsibility Committee of the Board. The Company has
framed a Corporate Social Responsibility (CSR) Policy as required under Section 135 of the
Companies Act, 2013 read with Rule 8 of the Companies (Corporate Social Responsibility Policy)
Rules, 2014, to oversee the CSR activities initiated by the Company. The CSR Committee has
adopted a CSR Policy in accordance with the provisions of Section 135 of the Companies Act,
2013 and rules made thereunder. The annual report on CSR for the FY 2024-25 in the
prescribed format are annexed as Annexure- V.

BOARD OF DIRECTORS, KEY MANAGERIAL PERSONNEL AND BOARD AND
COMMITTEE MEETINGS

Your Company has an appropriate mix of executive, non- executive and Independent Directors
to maintain its independence, and separate its functions of governance and management. As
on March 31,2025 the Board comprises 6 members, consisting of one Managing Director, 2
Whole time Directors, 2 Independent Directors and 1 Non-Executive Director and none of the
directors are disqualified under Section 164 of the Companies Act 2013.

In the opinion of the Board, the Independent Directors appointed during the year possess
requisite integrity, expertise, experience and proficiency.

During the period under review, the following changes took place:

1. Ms. Anushka Chauhan has tendered resignation from the post of Company Secretary and
Compliance Officer of the Company with effect from October 05, 2024.

2. Mrs. Prachi Sharma has been appointed as the Company Secretary & Compliance Officer of
the Company with effect from November 09,2024 and resigned on June 30, 2025.

Pursuant to provisions of Section 152 of the Companies Act, 2013, Mr. Jai Thakore will retire by
rotation at the ensuing Annual General Meeting and being eligible, offers himself for re¬
appointment. A resolution seeking the approval of the members for the re-appointment of Mr.
Jai Thakore as director of the Company shall be placed before the members of the Company at
the ensuing Annual General Meeting of the Company.

KEY MANAGERIAL PERSONNEL

In accordance with the provisions of Section 2(51) read with Section 203 of the Companies Act,
2013 read with Companies (Appointment and Remuneration of Managerial Personnel) Rules
2014, the KM P's of the Company as on the date of this report:

SUMMARY OF THE BOARD & COMMITTEE COMPOSITION, PARTICULARS OF
DIRECTORS, NUMBER OF MEETINGS ATTENDED BY EACH BOARD MEMBER:

Board Composition: Composition and Category of Directors as of March 31, 2025 is as follows:

Particulars of Director:

Board Meetings: Six Board Meetings were held during the Financial Year 2024-25. Attendance
of each Director at the Board Meetings and the last AGM during the year 2024-25:

Meetings of Board and its Committees:

COMMITTEES OF THE BOARD

The Company has constituted the following Statutory Committees of the Board of Directors:

AUDIT COMMITTEE.

The Audit Committee of the Board of Directors was constituted with the requirement of
Section 177 of the Companies Act, 2013 and Regulation 18 of SEBI (Listing Obligation and
Disclosure Requirements) Regulations, 2015.

The Audit Committee comprises the following members:

The Chief Financial Officer attended the Audit Committee Meetings as Invitee. The Company
Secretary acts as Secretary to the Audit Committee. The Audit Committee has made
observations and recommendations to the Board of Directors, which have been noted and
accepted by the Board.

During the Financial Year 2024-25, all recommendations made by the Audit Committee to the
Board of Director were accepted by the Board and there were no instances where the
recommendations were not accepted.

2. NOMINATION AND REMUNERATION COMMITTEE

The Company has constituted a Nomination and Remuneration Committee pursuant to the
provisions of Section 178 of the Companies Act 2013 and Regulation 19 SEBI (Listing Obligations
& Disclosure Requirements) Regulations 2015

The Nomination & Remuneration Committee comprises of the following Members:

3. STAKEHOLDERS’ RELATIONSHIP COMMITTEE

The Company has constituted a Stakeholders' Relationship Committee pursuant to the
provisions of Section 178(5) of the Companies Act 2013 and Regulation 20 of SEBI (Listing
Obligations & Disclosure Requirements) Regulations 2015.

The stakeholders' Relationship Committee comprises of the following Members: -

MEETING OF INDEPENDENT DIRECTORS

The Independent Directors met once during the Financial Year 2024-25, i.e., on March 22, 2025.
Meeting of the Independent Directors was conducted without the presence of the Managing
Director, Whole-time Directors, Non-Executive Director, Chief Financial Officer and the
Company Secretary & Compliance Officer of the Company.

DECLARATION OF INDEPENDENT DIRECTORS:

As on March 31, 2025 the following Directors on Board were Independent:

1. Mr. Roshan Abbas - Independent Director; and

2. Mr. Akhilesh Gupta - Independent Director

Pursuant to the provisions of Section 134(3)(d) of the Companies Act, 2013, disclosure is hereby
given that the Company has received declaration / confirmation of independence from all the
2 (two) Independent Directors, of the Company pursuant to Section 149(6) of the Companies
Act, 2013, as may amended from time to time, after undertaking due assessment of the
veracity of the same and the Independent Directors have complied with the Code for
Independent Directors prescribed in Schedule IV to the Companies Act, 2013.

BOARD EVALUATIONS:

Pursuant to the corporate governance requirements as prescribed in the Companies Act, 2013
and the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements), Regulations 2015, the Board of Directors has carried out an annual evaluation of
its own performance, Board Committees and of individual directors.

In a separate meeting of independent directors, performance of non-independent directors,
performance of the Board as a whole, performance of the Committee(s) of the Board and
performance of the Chairman was evaluated, taking into account the views of other directors.

DETAILS OF SUBSIDIARY, JOINT VENTURE OR ASSOCIATES:

The Company has the following associate and subsidiary Company:

1. .Associate: M/s Untamed Leisure and Hospitality Private Limited; and

2. Subsidiary: M/s E Factor Adventure Tourism Private Limited

In accordance with Section 129(3) of the Companies Act, 2013, a statement containing the
salient features of the financial statements of our consolidated entities in the prescribed
format AOC-1 is annexed as “Annexure - VI” to the Board Report. The statement also provides
details of the performance and financial position of the Subsidiary and Associate Company.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND
FOREIGN EXCHANGE OUTGO:

The disclosures required to be made under the provisions of Sec on 134(3)(m) of the Companies
Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 in respect of conservation
on of energy, technology absorb on is not applicable to the Company as the Company is
engaged in the service sector of Event Management Business and is not involved in any
manufacturing activity. Foreign exchange earnings & outgo is NIL

COMPLIANCE WITH SECRETARIAL STANDARDS:

Your Company complied with the applicable Secretarial Standards i.e., SS-1 and SS-2 with
respect to Board Meetings and General Meetings respectively specified by the Institute of
Company Secretaries of India.

VIGIL MECHANISM:

Your Company has adopted a Whistle Blower Policy as a part of its vigil mechanism. The
purpose of the Policy is to enable employees to raise concerns regarding unacceptable
improper practices and/or any unethical practices in the organization without the knowledge
of the Management. All employees shall be protected from any adverse action for reporting
any unacceptable or improper practice and/or any unethical practice, fraud, or violation of any
law, rule, or regulation. This Policy is also applicable to the Directors and Employees of the
Company. The Policy is available on the website of the Company.

SIGNIFICANT REGULATORY OR COURT ORDERS:

During the Financial Year 2024-25, there were no significant and material orders passed by the
regulators or Courts or Tribunals which can adversely impact the going concern status of the
Company and its operations in future.

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

Your Company has formulated and adopted a policy on prevention of sexual harassment at
workplace. During the year under review, no complaint relating to sexual harassment was
received by the Company.

POLICIES OF THE COMPANY:

The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”) have mandated the formulation of certain policies for
all listed companies. All the Policies are available on the Company's website,
h tt ps://www.efa cto rexp.com/

The key policies that have been adopted by the Company pursuant to the provisions of the
Companies Act, 2013 and the Rules framed thereunder, the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable
laws are as follows:

DIRECTOR’S RESPONSIBILITY STATEMENT:

As required under section 134 (5) of the Companies Act, 2013, Directors of your Company hereby
state and confirm that:

• a) The applicable Accounting Standards have been followed in preparation of annual
accounts.

• b) The accounting policies selected were applied consistently and the judgments and
estimates made 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:

• c) Proper and sufficient care has been taken for maintenance of adequate
accountingrecords 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 Annual Accounts for the year ended March 31, 2025 have been prepared on a going
concern basis;

• e) Internal financial controls have laid down by the company and that such internal
financial controls are adequate and operating effectively.

• f) The Company has proper systems to ensure compliance with the provisions of all
applicable laws and that such systems were adequate and operating effectively.

GENERAL DISCLOSURES:

ÝFor the financial year ended 31st March 2025, the Company has transferred profit of Rs.
2014.26/- (in Lakhs) to Reserves.

ÝNo material changes and commitments occurred between the financial year 2024-25 and the
date of this report which may affect the financial position of the Company.

ÝThe Company complies with the provisions relating to the Maternity Benefit Act 1961.

ÝThe Company has established process to identify, assess, monitor and mitigate key financial,
operational, business & compliance risks.

ÝNo fraud has been reported by auditors under Section 143(12) of the Companies Act, 2013.

ÝThe Company has laid down adequate internal financial controls over financial reporting to be
followed by the Company and such internal financial controls were operating effectively.
ÝDuring the year, company has not received any complaints from shareholders or investors.
ÝThere was no application made or any proceeding pending under the Insolvency and
Bankruptcy Code, 2016 during the year as at the end of the financial year.

ADDITIONAL INFORMATION

The additional information required to be given under the Companies Act, 2013 and the Rules
made thereunder, has been laid out in the Notes attached to and forming part of the Annual
Accounts. The Notes to the Accounts referred to the Auditors' Report are self-explanatory and
therefore do not call for any further explanation.

The Consolidated Financial Statements of your Company form part of this Annual Report. The
Audited Annual Accounts and related information of the Company's subsidiaries will be made
available upon request. These documents will also be available for inspection during all days
except Saturdays, Sundays and public holidays from 10.00 a.m. (1ST) to 4.00 p.m. (1ST) at the
Company's Corporate Office.

ACKNOWLEDGEMENT:

The Board would like to take this opportunity to express thanks to various departments of the
Central and State Government, Bankers, Material Suppliers, Customers and Shareholders for
their continued support and guidance.

The Board also wish to place on record their appreciation for the dedicated efforts put in by
the employees of the Company at all levels.

By order of the Board of Directors
E Factor Experiences Limited

Samit Garg Jai Thakore

Managing Director Whole-time

DIN: 00779016 Director

DIN: 00638605

Date: 26^th Aug 2025
Place: Delhi