DIRECTORS' REPORT

Your Directors are pleased to present their report and the Company's audited financial
statements for the financial year ended 31^st March 2026.

1. FINANCIAL PERFORMANCE HIGHLIGHTS

The following are the key highlights of the Company's financial performance for the financial
year ended 31^st March, 2026, as compared to the previous financial year:

(Rs. in Lakhs)

Your Company continued to demonstrate operational resilience and business agility during the
financial year under review. Through sustained strategic initiatives, efficient resource
management, and a strong focus on operational excellence, the Company successfully
maintained stable performance and delivered satisfactory financial results despite a challenging
business environment.

During the year, the Company's net profit witnessed a marginal decline of 3.69%. However, the
Company achieved a healthy growth of 14.09% in sales over the previous year on a consolidated
basis, reflecting the continued expansion of its business operations and the positive
contribution from its subsidiaries. The Board of Directors remains committed to enhancing the
Company's profitability through cost optimization, operational efficiencies, business expansion,
and the implementation of growth-oriented strategies.

The management continues to focus on strengthening the Company's financial position,
improving operational efficiencies, enhancing stakeholder value, and pursuing sustainable long¬
term growth. The Company remains confident that its strategic initiatives and prudent business
practices will further improve its financial and operational performance in the coming years.

2. TRANSFER TO RESERVES

The Board of Directors has decided to retain the entire profit for the Financial Year ended 31^st
March, 2026 in the distributable retained earnings to support the Company's future business
requirements and growth initiatives. Accordingly, no amount has been transferred to any
reserve by the Company during the year under review.

3. DIVIDEND

In order to conserve resources to support your Company's future growth and expansion plans,
which are expected to enhance long-term shareholder value, the Board of Directors has not
recommended any dividend for the financial year ended 31^st March, 2026.

4. PUBLIC DEPOSITS

During the year under review, the Company has neither accepted nor held any deposits from the
public within the meaning of Section 73 of the Companies Act, 2013 read with the Companies
(Acceptance of Deposits) Rules, 2014. Accordingly, the disclosure requirements relating to
deposits covered under Chapter V of the Companies Act, 2013 are not applicable to the
Company.

5. SHARE CAPITAL

The Authorized Share Capital of the Company as on 31^st March, 2026 is Rs. 40,00,00,000
comprising of 40,00,00,000 Equity Shares of Re. 1 each.

The Paid-up Share Capital of the Company as on 31^st March, 2026 is Rs. 27,11,58,100
comprising of 27,11,58,100 Equity Shares of Re. 1 each.

Further, the Company has not issued any shares with differential voting rights. It has neither
issued employee stock options nor sweat equity shares, nor does it have any scheme for funding
employees to purchase the Company's shares. As on 31^st March, 2026, none of the Directors of
the Company held any instruments convertible into the equity shares of the Company.

6. STATE OF COMPANY'S AFFAIRS

Alankit Limited, the flagship company of the Alankit Group, is a prominent leader in India's
financial and e-Governance services landscape. Listed on both the National Stock Exchange of
India Limited (NSE) and the Bombay Stock Exchange (BSE), the Company operates from a
strong foundation at its Delhi headquarters, supported by a widespread pan-India presence and
a highly skilled professional team.

With a network of 25 Regional Offices and more than 10,000 business locations across 673
cities, Alankit continues to deliver e-Governance services efficiently to millions of citizens.
Serving a retail customer base of over 100 million, the Company continues on a steady growth
trajectory by expanding its service portfolio and strengthening its long-term expansion strategy.

Backed by more than three decades of industry experience, Alankit has consistently partnered
with government departments to enhance transparency and streamline service delivery. The
Company's continued growth is driven by robust infrastructure, technological innovation, and a
skilled workforce dedicated to meeting the evolving needs of citizens and institutions.

7. MATERIAL CHANGES AND COMMITMENT AFFECTING THE FINANCIAL POSITION OF
THE COMPANY

There have been no material changes and commitments, affecting the financial position of the
Company which has occurred between the end of the financial year of the Company to which the
financial statements relate and the date of this Report.

8. CHANGE IN NATURE THE NATURE OF BUSINESS

There has been no change in the business of your Company during the financial year ended 31^st
March, 2026.

9. SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE

As on 31^st March, 2026, Company has the following Subsidiaries:

A statement containing the salient features of the Financial Statements of the Company's
subsidiary companies in the prescribed Form AOC-1 forms integral part of this Annual Report.
The statement includes the highlights of the financial performance of each subsidiary and its
contribution to the overall performance of the Company for the financial year ended 31^st March,
2026, in compliance with the provisions of 129(3) of the Companies Act, 2013 read with Rule 5
of the Companies (Accounts) Rules, 2014.

10. MATERIAL SUBSIDIARY

As on 31^st March, 2026, Alankit Imaginations Limited, Verasys Limited, and Alankit Forex India
Limited were material subsidiaries of the Company in terms of the provisions of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Company has adopted a Policy for Determining Material Subsidiaries in accordance with
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Policy is
hosted on the Company's website and is available at:
https://www.alankit.in/pdf/Policy/Policy on material subsidiary.pdf.

The Secretarial Audit Reports of the material subsidiaries, as required under Regulation 24A of
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, forms an
integral part of this Annual Report.

11. DIRECTORS AND KEY MANAGERIAL PERSONNEL

The composition of the Board of Directors is in accordance with the provisions of Section 149 of
the Companies Act, 2013 and Regulation 17 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, with an optimum combination of Executive Director and
Non-Executive Directors.

As of 31^st March 2026, your Company's Board had six members comprising of Managing
Director, three Non-Executive Directors and two Independent Directors including one Woman
Independent Director as listed below:

During the financial year ended 31^st March, 2026, no changes have occurred in the composition
of Board of Directors and Key Managerial Personnel.

12. MEETINGS OF THE BOARD

During the financial year ended 31^st March, 2026, five (5) meetings of the Board of Directors
were held. The details of the Board Meetings are provided in the Corporate Governance Report,
which forms an integral part of this Annual Report.

The gap between any two consecutive Board Meetings did not exceed the maximum interval
prescribed under the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015.

13. DECLARATION BY INDEPENDENT DIRECTORS

The Company has received declarations from the Independent Directors confirming that they
meet the criteria of independence as prescribed under Section 149(6) of the Act and under SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015.

In the opinion of the Board, the Independent Directors fulfil the conditions specified under the
Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 and are independent of the management.

14. COMMITTEES OF THE BOARD

In accordance with the requirements of the Companies Act, 2013 and SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, the Company has constituted various
statutory committees. In addition, the Board has established other committees to oversee
specific business operations and governance matters. As of 31^st March 2026, the Board had the
following committees:

The Corporate Governance Report, forming an integral part of this Annual Report, provides
comprehensive details regarding the composition of the various Committees of the Board,
including their terms of reference, roles and responsibilities. The Report also contains details of
the meetings held by these Committees during the financial year.

15. DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to the provisions of Section 134 of the Act, the Directors state that:

a) in the preparation of annual accounts for the Financial Year ended 31^st March, 2026, the
applicable accounting standards have been followed and there were no material
departures requiring any explanation;

b) they 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 at the end of the Financial Year and of the profit of
the Company for that period;

c) they 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) they have prepared annual accounts on a 'going concern' basis;

e) they have laid down internal financial controls to be followed by the Company and such
internal financial controls are adequate and are operating effectively; and

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

16. WEB ADDRESS OF ANNUAL RETURN

Pursuant to the amendments to Section 134(3)(a) and Section 92(3) of the Act read with Rule
12 of the Companies (Management and Administration) Rules, 2014, the Annual Return for the

financial year ended 31^st March, 2026, is available on the website of the company at
https://www.alankit.in/annual-return.aspx.

17. AUDITORS

The details relating to the auditors of the Company for the financial year under review are
provided below:

17.1 STATUTORY AUDITORS

M/s Kanodia Sanyal & Associates, Chartered Accountants (Firm Registration No. 008396N)
were re-appointed as the Statutory Auditors of the Company at the 34^th Annual General Meeting
held on 26^th September, 2023, to hold office for a term of five consecutive years, commencing
from the conclusion of the 34^th Annual General Meeting until the conclusion of the 39^th Annual
General Meeting of the Company to be held for the financial year ending 31^st March, 2028.

17.2 STATUTORY AUDIT REPORT

The Statutory Audit Report on the Standalone and Consolidated Financial Statements forms an
integral part of this Annual Report. The Report does not contain any qualifications, reservations,
adverse remarks, or disclaimer of opinion for the financial year ended 31^st March, 2026.

17.3 SECRETARIAL AUDITORS

Mr. N. C. Khanna, Company Secretary in practice was appointed as the Secretarial Auditor of the
Company at the 36^th Annual General Meeting held on 23^rd September, 2025, to hold office for a
term of five consecutive years, commencing from the conclusion of the 36^th Annual General
Meeting until the conclusion of the 41^st Annual General Meeting of the Company to be held for
the financial year ending 31^st March, 2030.

17.4 SECRETARIAL AUDIT REPORT

Secretarial Audit Report submitted by the Secretarial Auditor in prescribed Form MR-3 is
annexed to this Report. There are no qualifications or observations or other adverse remarks or
disclaimer of the Secretarial Auditors in the report for the financial year ended 31^st March, 2026.

17.5 INTERNAL AUDITOR

Pursuant to the recommendation of the Audit Committee, the Board of Directors had appointed
Mr. Abhishek Bhartia, Assistant General Manager, as the Internal Auditor of the Company for the
financial year ended 31^st March, 2026. During the year under review, the Internal Auditor
conducted the internal audit and submitted the audit reports to Board of Directors.

17.6 COST RECORDS, COST AUDIT AND COST AUDIT REPORT

Your company is neither required to appoint Cost Auditors in terms to the provisions of Section
148 of the Companies Act, 2013 read with the Companies (Cost Record and Audit) Rules, 2014,
nor required to maintain the cost records during the year under review.

18. FRAUDS REPORTED BY AUDITORS

During the year under review, the Statutory Auditors have not reported any instance of fraud
committed by the Company, its officers, or employees under Section 143(12) of the Companies
Act, 2013. Accordingly, no disclosure in this regard is required to be made in the Board's Report.

19. PARTICULARS OF LOANS, GUARANTEE OR INVESTMENTS

Pursuant to Section 186 of the Act read with the Companies (Meetings of the Board and its
Powers) Rules, 2014, disclosures relating to loans, advances and investments as on 31^st March
2026 are given in the notes to the Financial Statements in Note No. 6.

20. RELATED PARTY TRANSACTIONS

During the financial year under review, the Company entered into Related Party Transactions in
the ordinary course of business and on an arm's length basis, in compliance with the provisions
of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, details of which are given in note no. 35 of notes to the Financial Statements.

Pursuant to Section 134(3)(h) of the Companies Act, 2013 read with Rule 8(2) of the Companies
(Accounts) Rules, 2014, the particulars of contracts or arrangements with related parties
referred to in Section 188(1) of the Act are provided in Form AOC-2, which is annexed to this
Report.

The Company has adopted a Policy on Materiality of Related Party Transactions and Dealing
with Related Party Transactions in accordance with the applicable provisions of the Companies
Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Policy is reviewed and amended from time to time to ensure compliance with the applicable
regulatory requirements and is available on the Company's website at:
https://www.alankit.in/pdf/Policy/Policy%20On%20Related%20Party%20Transaction.pdf.

21. COMPLIANCE WITH SECRETARIAL STANDARDS

Your Company is in compliance with the applicable Secretarial Standards issued by the Institute
of Company Secretaries of India and approved by the Central Government under Section 118
(10) of the Companies Act, 2013.

22. COMPLIANCE WITH ACCOUNTING STANDARDS

The Financial Statements of your Company for the financial year ended 31^st March, 2026 have
been prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under
Section 133 of the Companies Act, 2013, read with the applicable provisions of the Companies
(Indian Accounting Standards) Rules, 2015, and the Companies (Indian Accounting Standards)
Amendment Rules, 2016.

23. CORPORATE SOCIAL RESPONSIBILITY

In accordance with the provisions of Section 135 of the Companies Act, 2013, read with the
Companies (Corporate Social Responsibility Policy) Rules, 2014, as amended, the Company has
constituted a Corporate Social Responsibility Committee. The terms of reference of the CSR
Committee and details of its meetings are provided in the Corporate Governance Report, which
forms an integral part of this Report.

The Company has also adopted a Corporate Social Responsibility Policy, which is available on its
website at:

https://www.alankit.in/pdf/Policy/Corporate%20Social%20Responsibility%20Policy.pdf.

The Annual Report on CSR activities/initiatives which includes the contents of the CSR Policy,
composition of the Committee and other particulars as specified in Section 135 of the Act, read
with the Companies (Corporate Social Responsibility Policy) Rules, 2014, as amended, are
disclosed in this Report.

24. RISK MANAGEMENT

The Company has established a robust risk management framework to identify, assess, monitor,
manage, and mitigate risks while leveraging emerging opportunities. The framework is
designed to enhance transparency, minimize the potential impact of risks on the Company's
strategic objectives, and strengthen its overall resilience and competitive advantage.

The Board of Directors has constituted a Risk Management Committee to oversee the
implementation and monitoring of the Company's risk management framework. The Committee
is responsible for reviewing the effectiveness of the framework, monitoring key risks, and
ensuring that appropriate mitigation measures are in place. The risk management framework is
reviewed periodically by the Board of Directors, the Audit Committee, and the Risk Management
Committee to ensure its continued relevance and effectiveness.

25. INTERNAL FINANCIAL CONTROLS AND THEIR ADEQUACY

The Company has established a robust Internal Financial Controls framework designed to
ensure the adequacy, effectiveness, and efficiency of its internal control systems. The
framework is commensurate with the size, nature, and complexity of the Company's operations
and is intended to provide reasonable assurance regarding the reliability of financial reporting,
the safeguarding of assets, compliance with applicable laws and regulations, and the
preparation of financial statements in accordance with the applicable accounting standards and
generally accepted accounting principles.

The Management remains committed to maintaining and continually strengthening the internal
financial controls environment through periodic reviews and ongoing monitoring to ensure its
effectiveness and alignment with the Company's evolving business requirements.

26. SIGNIFICANT AND MATERIAL ORDERS PASSED BY REGULATORS/ COURTS/
TRIBUNALS

The company received demand notices amounting to Rs. 16470.46 Lakhs under section 156 of
the Income Tax Act, 1961 with respect to assessment years 2011-12 to 2020-21. The company
has filed an appeal with the appropriate authorities against the said tax demand. As per the legal
opinion obtained by the company the said demand is not tenable.

27. VIGIL MECHANISM/WHISTLE BLOWER POLICY

The Company has adopted Whistle Blower Policy and established a Vigil Mechanism in
compliance with provisions of the Act and the Listing Regulations for the Directors and
employees to report genuine concerns about unethical behavior, actual or suspected fraud or
violation of the Codes of Conduct or policy. The mechanism provides for adequate safeguards
against victimization of Directors and employees to avail of the mechanism and also provide for
direct access to the Chairman of the Audit Committee in exceptional cases. The said Policy is
available at the Company's website and can be accessed at:
https://www.alankit.in/pdf/Policy/Whistle-Blower-Policy.pdf.

28. NOMINATION, REMUNERATION AND BOARD DIVERSITY POLICY

During the financial year, the policy related to Nomination and Remuneration has been revised
as recommended by Nomination and Remuneration Committee in terms of the provisions of

Section 178 of the Act and Regulation 19 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, read with Part D of Schedule II thereto and same has been
approved by the Board, which is in line with the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 and the same is hosted on the website of the Company. The
Board has adopted a Nomination and Remuneration Policy. The Policy governs the criteria to
pay equitable remuneration to the Directors, Key Managerial Personnel (KMP), senior
management (as defined below) and other employees of the Company and to harmonize the
aspirations of human resources with the goals of the Company.

The Policy aims to act as a guide to the Board in relation to appointment and removal of
Directors, Key Managerial Personnel and Senior Management, ensuring that the level and
composition of remuneration is reasonable and sufficient to attract, retain and motivate, to run
the company successfully, ensuring that relationship of remuneration to performance is clear
and meets the performance benchmarks and ensuring that remuneration involves a balance
between fixed and incentive pay reflecting short and long term performance objectives
appropriate to the working of the company and its goals.

The Nomination and Remuneration Policy is available at the Company's website and can be
accessed at: https://www.alankit.in/pdf/Policy/Nomination-and-Remuneration-Policy1.pdf.

29. PERFORMANCE EVALUATION

The annual performance evaluation of the Board of Directors, its Committees, Individual
Directors, and the Independent Directors was carried out in accordance with the Director
Evaluation Policy adopted by the Company, which is aligned with the provisions of the
Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.

The evaluation process comprised a comprehensive assessment of the effectiveness of the
Board and its Committees, including their composition, functioning, governance practices,
quality of deliberations, discharge of responsibilities, and compliance with the applicable
statutory and regulatory requirements. The evaluation also considered the adequacy of time
devoted to strategic and operational matters and the effectiveness of the Committees in
discharging their respective terms of reference.

The Board and the Nomination and Remuneration Committee evaluated the performance of
Individual Directors based on various parameters, including their qualifications, experience,
expertise, knowledge, participation and attendance at meetings, preparedness, contribution to
Board and Committee deliberations, and overall effectiveness in discharging their fiduciary
responsibilities.

The Independent Directors, at their separate meeting held in accordance with the provisions of
the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, reviewed the performance of the Non-Independent Directors, the Board as a
whole, and the Chairman of the Board, taking into account the views of the Executive and Non¬
Executive Directors. Thereafter, the Board evaluated the performance of the Independent
Directors, excluding the Director being evaluated. The Board was satisfied that its composition,
diversity, expertise, and functioning continue to be effective and contribute meaningfully to the
Company's governance framework.

30. PARTICULARS OF EMPLOYEES

None of the employees of the Company was in receipt of remuneration in excess of the limits
prescribed under Rule 5(2) of the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014.

The Company has complied with the provisions of Section 197 of the Companies Act, 2013
relating to the payment of remuneration to its Key Managerial Personnel.

The disclosures pertaining to remuneration as required under Section 197 of the Companies
Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014 are annexed to this Annual Report.

31. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE
(PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

Your Company treats its employees equally, with dignity and with no gender bias. Your
Company believes and ensures that all employees work in an environment that is free from all
kinds of harassments including sexual harassment of women, as is enshrined in values and in
the Code of Ethics & Conduct of the Company.

Further your Company has zero-tolerance for Sexual Harassment of Women at the workplace in
accordance with the provisions of the Sexual Harassment of Women at Workplace (Prevention,
Prohibition & Redressal) Act, 2013 and Rules made thereunder. Your Company has constituted
an Internal Complaints Committee (ICC), to inquire into the complaints of Sexual Harassment
and to recommend appropriate action.

The following is a summary of sexual harassment complaints received and disposed of during
the financial year ended 31^st March, 2026:

No. of Complaints received : NIL

No. of Complaints disposed of : NIL

No. of complaints pending at the end of FY 2025-26 : NIL

32. COMPLIANCE UNDER THE MATERNITY BENEFIT ACT, 1961

The Company has complied with all applicable provisions of the Maternity Benefit Act, 1961,
including the Maternity Benefit (Amendment) Act, 2017. The Company is committed to
supporting the health, well-being, and rights of women employees and ensures a conductive
work environment that upholds statutory maternity benefits.

Key measures undertaken by the Company include:

• Grant of paid maternity leave as prescribed under the Act.

• Provision of medical bonus where applicable.

• Nursing breaks during working hours.

• Provision of creche facilities (either in-house or through tie-ups, where applicable).

• No discrimination or adverse action against women availing maternity leave.

The Company continues to foster a gender-sensitive workplace and adheres to all welfare
provisions as stipulated under the Act.

33. CONSERVATION OF ENERGY, RESEARCH AND DEVELOPMENT, TECHNOLOGY
ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGOA. Conservation of Energy

Since the Company does not own any manufacturing facility and the Company is engaged in
providing e-governance services and e-governance products and such operations do not
account for substantial Electricity, Gas & Steam, Power, Water or any other kind of energy
consumption. However, the company is taking all possible measures to conserve the energy.

However, the requirements pertaining to disclosure of particulars relating to conservation of
energy is not applicable on the Company but being the responsible corporate citizen, your
company is continuously looking for new ways of conservation of energy and wastes
minimization for the protection of environment. The eco-friendly initiatives adopted by your
company are:

• Installation of LED lights in all the offices nationwide.

• Implementing energy conservation schemes.

• Awareness programs for employees at all levels and for community.

• Promoting the use of alternative fuels and materials.

B. Technology Absorption and Research & Development

Since the Company is not involved in manufacturing activity, hence the research & development
and technology absorption is not applicable.

C. Foreign Exchange Earnings and Outgo

34. ONE TIME SETTLEMENT

The above clause is not applicable as the Company has not entered in to any one-time
settlement with the Banks or Financial Institutions and no valuation has been performed by the
Company in this regard.

35. INSOLVENCY AND BANKRUPTCY CODE, 2016

There is no application pending against the Company proceedings either filed by the Company
or against the Company pending under the Insolvency and Bankruptcy Code, 2016 as amended
before the National Company Law Tribunal or other Courts as on 31^st March, 2026.

36. TRANSFER TO INVESTOR EDUCATION AND PROTECTION FUND

Pursuant to the provisions of the Investor Education and Protection Fund Authority
(Accounting, Audit, Transfer and Refund) Rules, 2016, as amended ("IEPF Rules"), the Company
has uploaded the details of unpaid and unclaimed amounts lying with the Company as at 31^st
March 2026 (being the date of closure of the previous financial year) on its website at
https: //www.alankit in/unpaid- dividend- list.aspx.

Dividend History for the last 7 years is as under:

Since no dividend was declared by the Company for the financial years 2022-23, 2023-24 and

2024- 25, no amount was required to be transferred to the Investor Education and Protection
Fund in respect of these financial years.

Pursuant to the provisions of Section 124 of the Companies Act, 2013, read with the Investor
Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016,
as amended, the Company did not transfer any amount to the IEPF during the financial year

2025- 26.

Dividend transferred to IEPF after the close of the financial year ended 31^st March, 2026:

37. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

The Management Discussion and Analysis Report for the year under review, as stipulated under
Regulation 34(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
is appended to the Annual Report, and gives details of the industry structure, developments,
opportunities, threats, performance and state of affairs of the Company's business, internal
controls and their adequacy, risk management systems and other material developments during
the financial year ended 31^st March, 2026, form an integral part of this Annual Report.

38. CORPORATE GOVERNANCE REPORT

In compliance with Corporate Governance requirements as per the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, your Company has implemented a Code of
Business Conduct and Ethics for all Board members and senior management personnel of the
Company, who have affirmed the compliance thereto.

Further in compliance with Regulation 34 of the Listing Regulations, a separate report on
Corporate Governance for the year under review, along with the Certificate from the Auditors
confirming compliance with the conditions of Corporate Governance, forms part of this Report.

We ensure that we evolve and follow the corporate governance guidelines and best practices
diligently, not just to boost long term shareholder value but also to respect the rights of
minority. We consider this as our inherent responsibility to disclose timely and accurate

information regarding the operations and performance, leadership and governance of the
company.

39. CERTIFICATE BY CHIEF FINANCIAL OFFICER

The Chief Financial Officer has furnished the certificate to the Board of Directors as required
under Regulation 17(8) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.

Further, pursuant to Regulation 33(2)(a) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, the Chief Financial Officer has certified that the financial
results of the Company do not contain any false or misleading statement or figures and do not
omit any material fact that may render the statements or figures contained therein misleading.

The aforesaid certificates form part of and are annexed to this Annual Report.

40. APPRECIATION

Your Directors take this opportunity to express their grateful appreciation for the continued
support and co-operation received from the company's valued customers and esteemed
shareholders for the support and confidence reposed by them in the management of the
Company and look forward to the continuance of this mutually supportive relationship in
future.

Your Directors also place on record their appreciation and gratitude to all the Departments of
Government of India, Central Government, State Government, Tax Authorities, Reserve Bank of
India, Ministry of Corporate Affairs, Financial Institutions, Stock Exchanges, Banks and other
governmental/ Semi governmental bodies and look forward to their continued support in all
future endeavors.

Your Directors also wish to place on record their appreciation for the continued cooperation
received from all the vendors, dealers, investors and business associates for the support
provided by the financial institutions, bankers and stock exchanges.

Your Directors also wish to place on record their sincere appreciation for the diligent efforts,
hard work and commitment put in by all Alankit employees.

Inspired by this vision, driven by values and powered by internal vitality, we look forward to
delivering another year of value adding growth.

By order of the Board of Directors
For Alankit Limited

Sd/- Sd/-

Ashok Kumar Sinha Ankit Agarwal

Chairman Managing Director

DIN:08812305 DIN:01191951

Date: 07.08.2026
Place: New Delhi