The Board of Directors is pleased to present the Company's 19^th Annual Report and the Company's audited financial statement for
the financial year ended March 31, 2025.

FINANCIAL RESULTS

The Company's financial performance (Standalone and Consolidated) for the year ended March 31, 2025 is summarised below: -

(Amount ' in Million)

TRANSFER TO RESERVES

The Board of Directors of the Company has not transferred any
amount to the Reserves for the year under review.

RESULTS OF OPERATIONS & STATE OF COMPANY'S
AFFAIRS

During the year under review, the total revenue from operations
was ' 21,933.81 Million on standalone basis and ' 34,771.95
Million on consolidated basis as compared to the last year's
revenue of ' 20,285.24 Million on standalone basis and
' 32,124.96 Million on consolidated basis respectively. The
Profit after Tax (PAT) of your Company was ' 478.03 Million on
standalone basis and ' 492.00 Million on consolidated basis as
compared to the last financial year's PAT of ' 762.42 Million on
standalone basis and ' 1,117.90 Million on consolidated basis
respectively.

DETAILS OF MATERIAL CHANGES FROM THE END OF
THE FINANCIAL YEAR TILL THE DATE OF THIS REPORT

No material changes have taken place from the end of the
financial year till the date of this report.

DIVIDEND

The Board of Directors has recommended a dividend of
' 2.00/- (Rupees Two only) per equity share of ' 10/- (Rupees
Ten) each fully paid-up of the Company (last year ' 4.00/- per
equity share of ' 10/- each). Dividend is subject to approval of
members at the ensuing Annual General Meeting ("AGM") and
shall be subject to deduction of income tax at source.

The dividend recommended is in accordance with the
Company's Dividend Distribution Policy. The Dividend
Distribution Policy of the Company is available on the Company's
website and can be accessed at http://bit.lv/4fwUClo.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report for the year under
review, as stipulated under the Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 ("SEBI Listing Regulations"), is presented in
a separate section, forming part of the Annual Report.

BUSINESS OPERATIONS/PERFORMANCE OF THE
COMPANY AND ITS MAJOR SUBSIDIARIES

The Company is the largest Multi System Operator in India,
offering Digital Cable Television services and providing
Broadband services through its subsidiary.

The Company is focusing on its two core business activities,
Digital Cable TV and Internet Service, by adopting the use of
latest advanced technology, offering quality services to its
customers at competitive prices and continuing geographical
expansion across India.

> Digital Cable Television Business

The Company is the No. 1 Digital Cable Service Provider
in the Country with presence in 26 States across 1500
towns. The Company continues to be the largest Digital
Cable TV provider in Gujarat and the second largest
Digital Cable TV provider in West Bengal through its
subsidiary. The Company also has significant presence
in Maharashtra, Goa, Bihar, Uttar Pradesh, Madhya
Pradesh, Jharkhand, Rajasthan, Odisha, Assam, Tripura,
Meghalaya, Manipur, Nagaland, Telangana, Andhra
Pradesh, Tamil Nadu, Puducherry, Karnataka, Delhi,
Haryana, Uttarakhand, Arunachal Pradesh, Chhattisgarh
and Mizoram.

The active Digital Cable TV Subscriber base stands at
9.60 Million as of March 31, 2025.

> Broadband Services

The Company offers broadband services through GTPL
Broadband Private Limited, its wholly owned subsidiary
("GTPL Broadband") under the brand name "GTPL FIBER".
GTPL FIBER currently operates in seven states including
Gujarat, Rajasthan, Uttar Pradesh, Bihar, Maharashtra,
Telangana, and Andhra Pradesh. GTPL Fiber is the largest
broadband service provider in Gujarat with a presence in
more than 130 towns. GTPL Broadband offers highspeed
and unlimited data to its customers using the latest
Gigabit Passive Optical Network - Fiber to the Home
(GPON- FTTH) at affordable prices. During the FY 2024¬
25, the Broadband business has further strengthened its
leadership position by adding 25,000 active subscribers
and creating 1,50,000 new home-pass.

The total home-pass stands at 5.95 Million and active
connected homes stand at 1045k as on March 31, 2025.

CREDIT RATING

The Company's financial discipline and prudence is reflected in
the strong credit ratings ascribed by rating agency. The details

of credit ratings are disclosed in the Corporate Governance
Report, which forms part of the Annual Report.

CONSOLIDATED FINANCIAL STATEMENT

In accordance with the provisions of the Companies Act, 2013
("the Act"), the SEBI Listing Regulations read with Ind AS-110
(Consolidated Financial Statement), Ind AS-28 (Investments in
Associates and Joint Ventures) and Ind AS - 112 (Disclosure
of interest in other entities), the consolidated audited financial
statement forms part of the Annual Report.

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE
COMPANIES

During the year under review, companies / entities listed in
Annexure 1 to this Report have become and ceased to be
subsidiary, joint venture or associate of the Company.

A statement providing details of performance and salient
features of the financial statements of subsidiaries/ associates/
jointly controlled entities, as per Section 129(3) of the Act, is
provided as Annexure 2 to this report.

The audited financial statement including the consolidated
financial statement of the Company and all other documents
required to be attached thereto is uploaded on the Company's
website and can be accessed at http://bit.lv/4owHIWv.

The financial statements of the subsidiaries, as required, are
available on the Company's website and can be accessed at
http://bit.ly/45atCCH.

The Company has formulated a policy for determining Material
Subsidiaries and the same is placed on the website of the
Company at http://bit.ly/4muzNHA.

GTPL Broadband Private Limited and GTPL Kolkata Cable and
Broad Band Pariseva Limited are material subsidiaries of the
Company as per the SEBI Listing Regulations.

SECRETARIAL STANDARDS

The Company has followed the applicable Secretarial
Standards with respect to'Meetings of the Board of Directors
(SS-1) and General Meetings (SS-2) issued by the Institute of
Company Secretaries of India.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to Section 134(3)(c) of the Act, the Directors state that:

a. in the preparation of the annual accounts for the year
ended March 31, 2025, the applicable accounting
standards read with requirements set out under Schedule
III to the Act have been followed and there were no
material departures from the same;

b. the Directors have selected such accounting policies and
applied them consistently and made judgements 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
finance 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.

CORPORATE GOVERNANCE

The Company is committed to maintain the highest standards
of Corporate Governance and adhere to the Corporate
Governance requirements set out by the Securities and
Exchange Board of India ("SEBI").

The detailed Corporate Governance Report of the Company
in pursuance of the SEBI Listing Regulations forms part of the
Annual Report of the Company. The requisite Certificate from
a Practicing Company Secretary confirming compliance with
the conditions of Corporate Governance as stipulated under
the SEBI Listing Regulations is enclosed to the Corporate
Governance Report.

BUSINESS RESPONSIBILITY AND SUSTAINABILITY
REPORT

In accordance with the SEBI Listing Regulations, the Business
Responsibility and Sustainability Report describing the
initiatives taken by the Company from an environmental, social
and governance perspective forms part of the Annual Report
of the Company.

CONTRACTS AND ARRANGEMENTS WITH RELATED
PARTIES

All contracts / arrangements / transactions entered by the
Company during the financial year with related parties
were in its 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 or
which is required to be reported in Form No. AOC-2 in terms
of Section 134(3)(h) read with Section 188 of the Act and Rule
8(2) of the Companies (Accounts) Rules, 2014.

The Policy on Materiality of Related Party Transactions and
dealing with Related Party Transactions as approved by the
Board is available on the Company's website and can be
accessed at http://bit.lv/47uIRrs.

There were no materially significant related party transactions
which could have potential conflict with interest of the
Company at large.

Members may refer to Note. 35 of the Standalone Financial
Statement which sets out Related Party Disclosures pursuant
to Ind AS.

CORPORATE SOCIAL RESPONSIBILITY

The Corporate Social Responsibility ("CSR") Committee's
prime responsibility is to assist the Board in discharging its
social responsibilities by way of formulating and monitoring
implementation of the objectives set out in the 'Corporate
Social Responsibility Policy' ("CSR Policy"). The CSR Policy of
the Company, inter alia, covers CSR vision and objective and
also provides for governance, implementation, monitoring and
reporting framework.

The CSR Policy may be accessed on the Company's website at
http://bit.ly/4mx9iB7.

In terms of the CSR Policy, the focus areas of engagement shall
be eradicating hunger, poverty and malnutrition, promoting
preventive healthcare, education, rural areas development,
gender equality, empowerment of women, environmental
sustainability and protection of national heritage, art and
culture and other need-based initiatives.

During the year under review, the Company has spent '24.59
Million i.e. 2% of the average net profit of the immediately
preceding three financial years towards identified and
approved CSR initiatives covered under Schedule VII to the
Act, through implementing agencies.

The Annual Report on CSR activities as stipulated under the
Companies (Corporate Social Responsibility Policy) Rules,
2014 is annexed herewith and marked as Annexure 3 to this
Report.

RISK MANAGEMENT

The Company operates in a highly regulated, competitive and
rapidly evolving environment, providing great opportunities
while also exposing the Company to underlying risks that
have the potential to impact our ability to achieve our strategic
objectives. As an industry leader, the Company identify and
adopt the highest standards and practices in risk management
and compliance in order to establish a robust and proactive
approach to the effective mitigation and management of all
significant risks to our business.

This year, the Company continued to integrate risk management
activities into the fabric of our organization and its strategic
decision-making process. The Board members understand
their responsibility and accountability for risk management
and has committed and adopted a framework for effectively
managing business risks in a proactive and efficient way that
helps in achieving Company business and strategic objective.
Accordingly, the Company has defined and communicated
risk governance activities at all levels, which our management
and employees undertake as part of their job routine.

The Company has formalised internal Enterprise Risk
Management Team (ERMT), which includes Chief Risk
Officer along with CXOs, with an objective to proactively
discuss changes in risk profiles, scan risk environments
and assess the progress on mitigation plans by conducting
periodical meetings for Risk management team assessments /
feedback. The consolidated risk reports are tabled at the Risk
Management Committee.

INTERNAL FINANCIAL CONTROLS

The Company has adequate internal financial controls
commensurate with the size of the business and nature of its
operations, designed to provide reasonable assurance with
regard to the accuracy and completeness of the accounting
records and timely preparation and provision of reliable
financial statements.

The internal financial controls have been embedded in the
business processes. Assurance on the effectiveness of internal
financial controls is obtained through management reviews
and continuous monitoring by functional head.

The Audit Committee quarterly reviews adequacy and
effectiveness of Company's Internal Controls and monitors the
implementation of audit recommendations, if any.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

In accordance with the provisions of the Act and the Articles
of Association of the Company, Mr. Tavinderjit Singh Panesar
(DIN: 09099802), Director of the Company, retires by rotation
at the ensuing AGM and being eligible, offers himself for re¬
appointment.

Mr. Falgun Shah and Mr. Kunal Chandra, Independent Directors
of the Company, ceased to be Directors of the Company upon
completion of their second term with effect from September
28, 2024. The Board placed on record its heartiest gratitude
and sincere appreciation for the valuable contribution and
guidance provided by Mr. Falgun Shah and Mr. Kunal Chandra,
during their association as an Independent Director of the
Company.

The Board of Directors based on the recommendation of
the Nomination and Remuneration Committee ("NRC"),
recommended the appointment of Mr. Dhiren Dalal (DIN:
01218886) and Mr. Sunil Sanghvi (DIN: 10690982) as
Independent Directors of the Company for a term of 3
(three) consecutive years w.e.f. September 28, 2024 and the
shareholders of the Company approved their appointments
at the 18^th Annual General Meeting held on September 27,
2024. The tenure of Mr. Dhiren Dalal and Mr. Sunil Sanghvi as
Independent Directors of the Company are up to September
27, 2027.

The Board of Directors based on the recommendation of the
NRC, recommended the re-appointment of Mrs. Divya Momaya
(DIN: 00365757) as an Independent Director of the Company
for a term of 3 (three) consecutive years w.e.f September 28,
2024 and the shareholders of the Company approved her

re-appointment at the 18^th Annual General Meeting held on
September 27, 2024. The tenure of Mrs. Divya Momaya as
Independent Director of the Company is up to September 27,
2027.

In the opinion of the Board of Directors, Mr. Dhiren Dalal, Mr.
Sunil Sanghvi and Mrs. Divya Momaya possess appropriate
skills, experience, knowledge and capabilities required for the
role of Independent Directors.

The Board of Directors based on the recommendation of the
NRC, recommended re-appointment of Mr. Amit Shah (DIN:
02450422) as Whole Time Director of the Company and the
shareholders of the Company approved his re-appointment at
the 18^th Annual General Meeting held on September 27, 2024.
The tenure of Mr. Amit Shah as Whole Time Director of the
Company is up to September 27, 2027.

The Board of Directors based on the recommendation of the
NRC appointed Ms. Shweta Sultania (Membership No: A22290)
as Company Secretary & Compliance Officer (Key Managerial
Personnel) of the Company w.e.f. July 01, 2024.

Save and except aforementioned, there were no other changes
in the Board of Directors and Key Managerial Personnel of the
Company.

The Company has received declarations from all Independent
Directors of the Company confirming that:

i. they meet the criteria of independence prescribed under
the Act and the SEBI Listing Regulations; and

ii. they have registered their names in the Independent
Directors' Databank.

The Company has devised the Nomination and Remuneration
Policy, which is available on the Company's website and can
be accessed at http://bit.lv/3JrovkJ.

The Policy sets out the guiding principles for the NRC for
identifying persons who are qualified to become Directors
and to determine the independence of Directors, while
considering their appointment as Independent Directors
of the Company. The Policy also provides for the factors in
evaluating the suitability of individual Board members with
diverse background and experience that are relevant for the
Company's operations.

The Policy also sets out the guiding principles for the NRC
for recommending to the Board the remuneration of the
Directors, Key Managerial Personnel and other employees of
the Company.

There has been no change in the aforesaid policy during the
year.

PERFORMANCE EVALUATION

The Company has a policy for performance evaluation of the
Board, Committees and other Individual Directors (including
Independent Directors) which includes criteria for performance
evaluation of Non-Executive Directors and Executive
Directors.

Pursuant to the provisions of Section 178 of the Act read
with Regulation 17 and 19 of the SEBI Listing Regulations,
the NRC has carried out annual performance evaluation of
Board of Directors, its Committees and the individual directors.
Further, pursuant to the provisions of Section 178 read with
Schedule IV of the Act and Regulation 17(10) of the SEBI
Listing Regulations, the Board of Directors have carried out
the evaluation of the Independent Directors and fulfilment of
the independence criteria of the Independent Directors as
specified under Section 149(6) of the Act and Regulation 25(8)
of the SEBI Listing Regulations. The Independent Directors has
carried out annual performance evaluation of the Chairman,
the Non Independent Directors and the Board as a whole.

AUDITORS AND AUDITORS' REPORT
(I) Statutory Auditors

M/s. Deloitte Haskins & Sells, Chartered Accountants
(Firm Registration No. 117365W) were appointed as the
Statutory Auditors of the Company for a term of 5 (Five)
consecutive years at the 16^th Annual General Meeting held
on June 10, 2022 to hold the office from the conclusion
of 16^th Annual General Meeting till the conclusion of 21^st
Annual General Meeting of the Company. The Auditors
have confirmed that they are not disqualified from
continuing as Auditors of the Company.

The Auditors' Report does not contain any qualification,
reservation, adverse remark or disclaimer. The Notes on
Financial Statement referred to in the Statutory Auditors'
Report are self-explanatory and do not call for any further
comments.

(Ii) Secretarial Auditors

The Board of Directors of the Company had appointed
M/s. Chirag Shah & Associates, Practicing Company
Secretaries (Firm Registration No. P2000GJ069200),
to conduct Secretarial Audit of the Company for the FY
2024-25. The Secretarial Audit Report for the financial year
ended March 31, 2025 is annexed herewith and marked
as Annexure 4 to this Report. The Secretarial Audit Report
does not contain any qualification, reservation, adverse
remark or disclaimer.

In accordance with the recent amendments to the
SEBI Listing Regulations, the Board of Directors has
recommended to the members for their approval,
the appointment of M/s. Chirag Shah & Associates,
Practicing Company Secretaries (Firm Registration No.
P2000GJ069200), as the Secretarial Auditors of the
Company, for a term of 5 (five) consecutive financial
years, commencing from the financial year 2025-26 to the
financial year 2029-30.

(Iii) Cost Auditors

The Board of Directors of the Company has appointed
M/s. Rajendra Patel & Associates, Cost Accountant as the
Cost Auditor to conduct audit of the cost records of the
Company for the FY 2025-26 under Section 148 of the Act

read with the Companies (Cost Records and Audit) Rules,
2014.

In accordance with the provisions of the Act, read with
the Companies (Cost Records and Audit) Rules, 2014, the
Company has maintained cost accounts and records.

DISCLOSURES
Meetings of the Board

7 (Seven) Meetings of the Board Meetings were held during
the financial year ended on March 31, 2025. The particulars of
the meetings held and attended by each Director are detailed
in the Corporate Governance Report forming part of the Annual
Report.

Audit Committee

During the year under review, Mr. Falgun Shah and Mr. Kunal
Chandra, Independent Directors of the Company, ceased to
be Directors of the Company upon completion of their second
term with effect from September 28, 2024 and consequently
ceased to be members of the Audit Committee. The Audit
Committee presently comprises Mr. Sunil Sanghvi as a
Chairman, Mr. Ajay Singh, Mr. Amit Shah, Mr. Rajendra Hingwala,
Mrs. Divya Momaya and Mr. Dhiren Dalal as members. All
the recommendations made by the Audit Committee were
accepted by the Board.

Corporate Social Responsibility Committee ("CSR")

The CSR Committee comprises of Mrs. Divya Momaya as a
Chairperson, Mr. Ajay Singh, Mr. Amit Shah and Mr. Tavinderjit
Singh Panesar as members.

Nomination and Remuneration Committee ("NRC")

During the year under review, Mr. Falgun Shah and Mr. Kunal
Chandra, Independent Directors of the Company, ceased to
be Directors of the Company upon completion of their second
term with effect from September 28, 2024 and consequently
ceased to be members of the NRC. The NRC presently
comprises Mr. Dhiren Dalal as a Chairman, Mr. Ajay Singh,
Mrs. Divya Momaya and Mr. Sunil Sanghvi as members.
Stakeholders Relationship Committee
The Stakeholders Relationship Committee comprises Mrs.
Divya Momaya as a Chairperson, Mr. Ajay Singh, Mr. Anirudhsinh
Jadeja and Mr. Tavinderjit Singh Panesar as members.

Risk Management Committee

During the year under review, Mr. Falgun Shah, Independent
Director of the Company, ceased to be Director of the Company
upon completion of his second term with effect from September
28, 2024 and consequently ceased to be a member of the Risk
Management Committee. The Risk Management Committee
presently comprises Mr. Sunil Sanghvi as a Chairman,
Mr. Ajay Singh, Mr. Anirudhsinh Jadeja and Mr. Tavinderjit
Singh Panesar as members.

The details of the dates of the meetings, attendance and terms
of reference of each of the Committees are disclosed in the
Corporate Governance Report, which forms part of the Annual
Report.

VIGIL MECHANISM

The Company promotes ethical behaviour in all its business
activities. Towards this, the Company has adopted a Policy
on Vigil Mechanism policy. Protected disclosures can be
made by a whistle blower through an e-mail or a letter to the
Compliance Officer or to the Chairman of the Audit Committee.
The Audit Committee also reviews complaints/issues (if any)
raised through Vigil Mechanism or by any Whistle blower on
a quarterly basis.

The Vigil Mechanism Policy can be accessed on the Company's
website at http://bit.lv/46MNKMt.

During the year under review, no protected disclosure
concerning any reportable matter in accordance with the Vigil
Mechanism of the Company was received by the Company.

PARTICULARS OF LOANS GIVEN, INVESTMENTS MADE
AND GUARANTEES GIVEN

Particulars of loans given, investments made and guarantees
given under the provisions of the Section 186 of the Act during
the year are provided in the Standalone Financial Statement
(Please refer Note 3, 4, 11, 35 and 41 to the Standalone
Financial Statement).

PREVENTION OF SEXUAL HARASSMENT AT
WORKPLACE

In accordance with the requirements of the Sexual Harassment
of Women at Workplace (Prevention, Prohibition & Redressal)
Act, 2013 ("POSH Act") and Rules made thereunder, the
Company has formed Internal Committee for various
workplaces to address complaints pertaining to sexual
harassment in accordance with the POSH Act. The Company
has a policy for prevention of Sexual Harassment, which
ensures a free and fair enquiry process with clear timelines for
resolution. There were no cases/complaints filed during the
year under POSH Act.

CONSERVATION OF ENERGY, TECHNOLOGY
ABSORPTION AND FOREIGN EXCHANGE EARNINGS
AND OUTGO

The particulars relating to conservation of energy, technology
absorption, foreign exchange earnings and outgo, as required
to be disclosed under the Act, are provided in Annexure 5 to
this Report.

ANNUAL RETURN

As required under Section 134(3) (a) of the Act, the Annual
Return of the Company as on March 31, 2025 is available
on the Company's website and can be accessed at
http://bit.ly/4muBbty.

PARTICULARS OF EMPLOYEES AND RELATED
DISCLOSURES

In terms of the provisions of Section 197(12) of the Act read
with Rules 5(2) and 5(3) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, a
statement showing the names of Top ten employees in terms
of remuneration drawn and the names and other particulars of
the employees drawing remuneration in excess of the limits set
out in the said rules, forms part of this Report.

Disclosures relating 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 forms part of this Report.

Having regard to the provisions of the second proviso to
Section 136(1) of the Act and as advised, the Annual Report
excluding the aforesaid information is being sent to the
members of the Company. Any member interested in obtaining
such information may write to the Company on email id
complianceofficer@gtpl.net.

GENERAL

The Board of Directors state that no disclosure or reporting is
required in respect of the following matters as there were no
transactions or applicability pertaining to these matters during
the year under review:

i) Details relating to deposits covered under Chapter V of
the Act.

ii) Issue of equity shares with differential rights as to dividend,
voting or otherwise.

iii) Issue of shares (including sweat equity shares and
Employees' Stock Options Schemes) to employees or
directors of the Company under any scheme.

iv) Significant or material orders passed by the Regulators
or Courts or Tribunals which impact the going concern
status and Company's operations in future.

v) Fraud reported by the Auditors to the Audit Committee or
the Board of Directors of the Company.

vi) Scheme of provision of money for the purchase of its
own shares by employees or by trustees for the benefit of
employees.

vii) Payment of remuneration or commission from any of the
subsidiary companies to the Managing Director or Whole¬
time Director of the Company.

viii) Change in the nature of business of the Company.

ix) Issue of debentures / bonds / warrants / any other
convertible securities.

x) Details of any application filed for corporate insolvency
under Corporate Insolvency Resolution Process under
the Insolvency and Bankruptcy Code, 2016.

xi) Instance of one-time settlement with any Bank or Financial
Institution.

xii) Statement of deviation or variation in connection with
preferential issue.

HEALTH, SAFETY AND ENVIRONMENT

The Company is committed in cultivating a proactive safety
culture. We have implemented work safety measures and
standards to ensure healthy and safe working conditions
for all the employees, visitors and customers. The Company
has complied with all the applicable health, safety and
environmental protection laws to the extent applicable.

TALENT ENGAGEMENT & DEVELOPMENT

The Company believes in promoting enabling work culture that
allows talent to develop, lead and participates in the growth of
the organisation.

We continue to focus on strengthening the talent pool to meet
the present and future growth plans by deploying various
frameworks and IT enabled applications. With expanding
footprints in multiple states, the leadership navigates the
change management and embraces them to integrate by
engaging various stakeholders.

The Company aims at launching initiatives to enhance talent
engagement and introducing robust leadership development
plans.

ACKNOWLEDGEMENT

The Board of Directors wish to place on record its deep sense of
appreciation for the committed services by all the employees of
the Company. The Board of Directors would also like to express
their sincere appreciation for the assistance and co-operation
received from the financial institutions, banks, government and
regulatory authorities, stock exchanges, customers, vendors
and members during the year under review.

For & on behalf of the Board of Directors
Ajay Singh Anirudhsinh Jadeja

Place: Ahmedabad

Chairman Managing Director

Date: April 16, 2025

DIN: 06899567 DIN: 00461390