The Board of Directors are pleased to present the 51st (Fifty-first)
Annual Report of the Company, together with the Audited Financial
Statements for the financial year ended March 31,2025.

1. FINANCIAL HIGHLIGHTS

The Company’s financial performance for the financial year
ended March 31,2025 is summarised below: -

2. STATE OF COMPANY AFFAIRS & OPERATIONS

The Company is engaged in the business of manufacturing
and selling of manmade fibers yarn in India and operates in
one segment only. During the financial year 2024-25: -

• Production of yarn was 194 lakh kilograms, as against
209 lakh kilograms in the previous year, which is a
decrease by 7% due to subdued market demand.

• Revenue from operations decreased to Rs. 29,400 lakhs,
as against Rs. 29,985 lakhs in the previous year, which
is a decrease of 2%.

• Loss before tax was Rs. 364 lakhs, as against a profit of
Rs. 392 lakhs in the previous year, which is a decrease
of 193%.

• Loss after tax was Rs. 61 lakhs, as against a profit of Rs.
417 lakhs in the previous year, which is a decrease of
115%.

• Basic and diluted EPS decreased to Rs. (0.28) as against,
Rs. 1.93 in the previous year.

The primary reason for the decline in profitability was the
subdued demand for the Company’s products. A significant
drop in export demand-driven by geopolitical tensions,
economic recession, and a slowdown in key international

markets such as Europe, Turkey, the United States, and the
United Kingdom led to a glut in the domestic market and
adversely impacted the Company’s performance. These factors
led to challenges in both demand and pricing, resulting in a
decline in overall revenue from operations and pressure on
profit margins.

The Company has provided depreciation on property, plant
and equipment in accordance with the provisions of Schedule
II of the Companies Act, 2013 (‘the Act’). The Financial
Statements for the financial year 2024-25 have been prepared
in compliance with the applicable provisions of Indian
Accounting Standards (IND-AS), as prescribed under the Act.

3. CHANGE IN THE NATURE OF BUSINESS, IF ANY

There is no change in the nature of business of your Company
during the year under review.

4. TRANSFER TO RESERVES

The Board of Directors of your Company have not proposed to
transfer any amount to the reserves for the financial year under
review.

5. DIVIDEND

In view of the loss incurred during the financial year, the Board
of Directors has not recommended any dividend for the year
under review.

6. EXPORTS

During the financial year 2024-25, the Company did not engage
in any export activities, as its strategic focus remained on the
domestic market. The Company’s products continue to be well-
recognized across India and have historically yielded better
profitability in the domestic segment as compared to exports.

7. EXPANSION AND MODERNIZATION

In view of the adverse market conditions for the Company’s
products, the Company has put it’s expansion and
modernization plan on hold for the time being.

The production capacities remain 55296 spindles as at March
31,2025.

8. CAPITAL STRUCTURE
Authorised Share Capital

The Authorised Equity Share Capital of the Company as at
March 31, 2025, was Rs. 4,50,00,000/- (Rupees Four Crore
and Fifty Lakh only), comprising 2,25,00,000 (Two Crore and
Twenty-Five Lakh) equity shares of Rs. 2/- (Rupees Two) each.
The Authorised Preference Share Capital was Rs. 3,00,00,000/
- (Rupees Three Crore only), comprising 3,00,000 (Three Lakh)
preference shares of Rs. 100/- (Rupees One Hundred) each.
Accordingly, the total authorised share capital of the Company
was Rs. 7,50,00,000/- (Rupees Seven Crore and Fifty Lakh
only).

Paid up Share Capital

The Paid-up Share Capital of the Company as at March 31,
2025, stood at Rs. 4,32,22,720/- (Rupees Four Crore Thirty-
Two Lakh Twenty-Two Thousand Seven Hundred and Twenty
only), comprising 2,16,11,360 (Two Crore Sixteen Lakh Eleven
Thousand Three Hundred and Sixty) equity shares of Rs. 2/-
(Rupees Two) each, fully paid-up.

During the financial year 2024-25, there was no change in the
share capital of the Company.

9. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE
COMPANIES

The Company does not have any Subsidiary, Joint Venture or
Associate Company.

10. DIRECTORS AND KEY MANAGERIAL PERSONNEL
Cessation of Directors

During the year, below mentioned are ceased to be Directors
of the Company: -

• Smt. Uma Hada (DIN: 06463684) resigned as an
Independent Director of the Company, with effect from
close of business hours on November 27, 2024. She
joined the Board in the year 2015. She was a Member of
the Audit Committee and Nomination and Remuneration
Committee. The Board places on record its sincere
appreciation for her valuable contribution, during her
tenure as an Independent Director on the Board of the
Company.

• Shri Deepak Vishwanath Harlalka (DIN: 00170335)
resigned as Non-Executive Director of the Company, with
effect from close of business hours on December 09,
2024. He joined the Board in the year 2023. He was a
Member of the Audit Committee. The Board places on
record its sincere appreciation for his valuable
contribution, during his tenure as Non-Executive, Non¬
Independent Director on the Board of the Company.

Appointment of Directors

The Board of Directors at their meetings held on October 29,
2024 and December 18, 2024, based on the recommendations
of the Nomination and Remuneration Committee, inter alia,
approved the following appointments, respectively, to the Board
of Directors of the Company, subject to the approval of the
shareholders of the Company: -

• Appointment of Shri Harpal Singh Chawla (DIN:
00025492) as an Additional Director in the category of
Independent Director of the Company for a period of five
consecutive years with effect from October 29, 2024 to
October 28, 2029.

• Appointment of Shri Sanjay Rajgarhia (DIN: 00154167)
as an Additional Director in the category of Non-Executive,
Non-Independent Director of the Company with effect from
December 18, 2024 and liable to be retire by rotation.

In terms of Rule 8(5) (iiia) of the Companies (Accounts) Rules,
2014, in the opinion of the Board, appointment of Independent
Director during the financial year was made after due veracity
of his experience, integrity, expertise and relevant proficiency
which will add tremendous value to the Board in exercising his
role effectively.

The requisite declarations and eligibility confirmations under
the provisions of the Act and SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (‘Listing
Regulations’) were received from Shri Harpal Singh Chawla
and Shri Sanjay Rajgarhia for considering their appointment
as Directors.

The brief profiles of Shri Harpal Singh Chawla and Shri Sanjay
Rajgarhia are available on the Company’s website at
https://www.apmindustries.co.in/investors/board-of-directors/.

The appointment of Shri Harpal Singh Chawla as an
Independent Director was approved by the shareholders of
the Company through a special resolution and the appointment
of Shri Sanjay Rajgarhia as a Non-Executive, Non-Independent
Director was approved through an ordinary resolution. Both
resolutions were passed with the requisite majority by way of
postal ballot via remote e-voting on January 22, 2025. Further
details of the same are provided in the Report on Corporate
Governance, forming part of this Annual Report.

Retirement by rotation and subsequent re-appointment

In terms of Articles of Association of the Company and
provisions of the Act, Shri Rajendra Kumar Rajgarhia (DIN:
00141766), Whole-time Director of the Company, is liable to
be retire by rotation at the ensuing Annual General Meeting
(‘AGM’) and being eligible, offered himself for re-appointment.
Based on the recommendation of the Nomination and
Remuneration Committee, the Board of Directors recommends
his re-appointment for consideration by the shareholders of
the Company at the ensuing AGM as Whole-time Director of
the Company, liable to be retire by rotation. Brief profile of
Shri Rajendra Kumar Rajgarhia with other details as stipulated
in Regulation 36(3) of the Listing Regulations and Secretarial
Standard on General Meetings issued by the Institute of
Company Secretaries of India (‘ICSI’), are provided in the
Notice convening the 51st AGM.

A brief profile of Shri Rajendra Kumar Rajgarhia is available
on the Company’s website at

https://www.apmindustries.co.in/investors/board-of-directors/.

Except as stated above, there was no change in the Directors
or Key Managerial Personnel of the Company, during the year
under review.

Declaration by Independent Directors

All the Independent Directors of the Company have given their
declaration to the Company under Section 149(7) of the Act
that they meet the criteria of independence as prescribed under
Section 149(6) of the Act read with Regulation 16(1)(b) of the
Listing Regulations and are not disqualified from continuing
as Independent Directors. They have registered themselves
as an Independent Director in the data bank maintained with
the Indian Institute of Corporate Affairs and have either qualified
the online proficiency self-assessment test or are exempted
from passing the test as required in terms of Section 150 of
the Act read with Rule 6 of the Companies (Appointment and
Qualification of Directors) Rules, 2014. The Company has also
received declaration from the Independent Directors that they
have complied with the code of conduct of Directors and Senior
Management. Based on the disclosures received, the Board
is of the opinion that, all the Independent Directors fulfill the
conditions specified in the Act and Listing Regulations and are
independent of the management.

Annual Performance Evaluation of the Board

The Board adopted a formal mechanism for evaluating its
performance as well as of its Committees and individual
Directors, including the Chairperson of the Board. The
evaluation was carried out through a structured questionnaire
covering various aspects of the functioning of Board and its
Committees. The detailed process in which annual evaluation
of the performance of the Board, its Chairperson, its
Committees and of individual Directors is disclosed in the
Corporate Governance Report attached to this Report.

Meetings of the Board

During the year, five meetings of the Board of Directors were
held. The details of the meetings of the Board of Directors and
its Committees are provided in the Corporate Governance
Report, attached to this Report.

11. DEPOSITS UNDER CHAPTER V OF THE COMPANIES ACT-
2013

The Company has neither invited nor accepted any deposits
covered under Chapter V of the Act. Accordingly, no disclosure
or reporting is required in respect of such deposits.

12. AUDITORS AND AUDITOR’S REPORT
Statutory Auditors

In terms of the provisions of Section 139 of the Act, M/s
Chaturvedi & Partners, Chartered Accountants (Firm
Registration No.: 307068E), were re-appointed as Company’s
Statutory Auditors by the shareholders at their 48th AGM held
on September 22, 2022, for second term of 5 (Five) consecutive
years i.e. till the conclusion of the 53rd AGM of the Company,
to be held in year 2027.

The Auditors’ Report read together with Annexures referred to
in the Auditors’ Report for the financial year ended March 31,
2025 does not contain any qualification, reservation or adverse
remark.

Secretarial Auditors

In terms of provisions of Section 204 of the Act and the
Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014, the Board of Directors of the Company,
on the recommendation of Audit Committee, had appointed
M/s. RSM & Co. (Peer Review Certificate No.: 978/2020 and
ICSI Firm Registration No.: P1997DE017000), Company
Secretaries, to undertake the Secretarial Audit of the Company
for the financial year 2024-25. The Secretarial Audit Report is
attached as Annexure-1 to this report. The Secretarial Audit
Report does not contain any qualification, reservation or
adverse remark.

Pursuant to the amended provisions of Regulation 24A of the
Listing Regulations and Section 204 of the Act, read with Rule
9 of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014, the Board of Directors of
the Company, on recommendation of the Audit Committee,
had approved and recommended the re-appointment of M/s.
RSM & Co. (Peer Review Certificate No.: 978/2020 and ICSI
Firm Registration No.: P1997DE017000), Company
Secretaries as the Secretarial Auditors of the Company for
initial term of 5 (Five) consecutive years from the financial year
2025-26 upto financial year 2029-30, subject to the approval
of the Members at ensuing AGM.

Brief profile and other details of M/s. RSM & Co., Company
Secretaries, are disclosed in the AGM Notice approved by the
Board. They have given their consent to act as Secretarial
Auditors of the Company and have confirmed their eligibility
for the appointment.

Cost Auditor

In terms of provisions of Section 148 read with Companies
(Audit and Auditors) Rule, 2014, the Board of Directors of the
Company, on recommendation of the Audit Committee, had
appointed Shri Naresh Kumar Goel, Cost Accountant
(Membership No.: 9876), as the Cost Auditor of the Company
for the financial year 2024-25 at a remuneration of Rs. 55,000/
- plus applicable taxes and reimbursement of out-of-pocket
expenses incurred in this connection.

The Company has maintained cost records for certain products
as specified by the Central Government under Section 148(1)
of the Act. Shri Naresh Kumar Goel, the Cost Auditor, is in the
process of carrying out the cost audit for applicable products
during the financial year 2024-25.

The Board of Directors of the Company, on the
recommendation made by the Audit Committee, re-appointed
Shri Naresh Kumar Goel, Cost Accountant as the Cost Auditor
of the Company to conduct the audit of cost records of
applicable products for the financial year 2025-26. Shri Naresh
Kumar Goel, being eligible, has consented to act as the Cost
Auditor of the Company for the financial year 2025-26 and have
confirmed that he is not disqualified to be appointed as such.
The remuneration proposed to be paid to the Cost Auditor is
subject to ratification by the members of the Company at the
ensuing AGM.

Internal Auditors

In terms of provisions of Section 138 of the Act and the
Companies (Accounts) Rules, 2014, the Board of Directors of
the Company, on the recommendation of the Audit Committee,
re-appointed M/s M M Sharma & Co., Chartered Accountants
(Firm Registration No.: 001797N), as Internal Auditors of the
Company, for the financial year 2024-25. There are no
qualifications, reservations or adverse remarks in the Internal
Auditor’s Reports.

The Board of Directors of the Company, on the
recommendation made by the Audit Committee, re-appointed
M/s M M Sharma & Co., Chartered Accountants, as the Internal
Auditors of the Company for the financial year 2025-26. M/s M
M Sharma & Co., being eligible, have consented to act as the
Internal Auditors of the Company for the financial year 2025¬
26.

Reporting of Frauds by Auditors

None of the Auditors of the Company has identified and
reported any fraud as specified under the second proviso of
Section 143(12) of the Act, therefore no disclosure is required
under Section 134(3)(ca) of the Act.

13. DIRECTORS’ RESPONSIBILITY STATEMENT

Pursuant to Section 134 of the Act (including any statutory
modification(s) and/or re-enactment(s) thereof for the time
being in force), with respect to Directors’ Responsibility
Statement, it is hereby confirmed that: -

• in the preparation of the annual accounts for the financial
year ended March 31, 2025, the applicable Accounting
Standards have been followed and there are no material
departures from the same;

• the Directors 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 i.e. March 31,2025 and of
the profit/loss of the Company for the financial year ended
March 31,2025;

• 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;

• the Directors have prepared the annual accounts on a
going concern basis;

• the Directors have laid down internal financial controls to
be followed by the Company and that such internal
financial controls are adequate and were operating
effectively; and

• the Directors have devised proper systems to ensure
compliance with the provisions of all applicable laws and
that such systems were adequate and operating
effectively.

14. INTERNAL FINANCIAL CONTROLS

Your Company has in place adequate internal financial control
systems commensurate with the size of operations. The policies
and procedures adopted by your Company ensures the orderly
and efficient conduct of business, safeguarding of assets,
prevention and detection of frauds and errors, adequacy and
completeness of the accounting records, and timely preparation
of reliable financial information. The entire system is monitored
by Internal Audit team of an external firm of Chartered
Accountants.

The Internal Auditors of the Company conduct regular internal
audits and the Audit Committee reviews periodically the
adequacy and effectiveness of internal control systems and
takes steps for corrective measures whenever required.

15. CORPORATE SOCIAL RESPONSIBILITY

The Company has in place a Corporate Social Responsibility
Policy (‘CSR Policy’) which outlines the Company’s philosophy
and responsibility and lays down the guidelines and mechanism
for undertaking socially impactful programs towards welfare
and sustainable development of the community around the area
of its operations. The CSR Policy is disclosed on the
Company’s website at https://www.apmindustries.co.in/investors/policies-codes/
. In terms of Section 135 of the Act read with Rule 8 of the
Companies (Corporate Social Responsibility Policy) Rules,
2014 as amended, the Annual Report on Corporate Social
Responsibility Activities for financial year 2024-25 is attached
as Annexure-2 to this Report. For other details regarding the
CSR Committee, please refer to the Corporate Governance
Report, which is a part of this report.

16. AUDIT COMMITTEE

As on date, the Audit Committee comprises Shri Manish Garg
as Chairman and Shri Sanjay Rajgarhia, Smt. Nirmala Bagri
and Shri Harpal Singh Chawla as Members of Committee.

All the recommendations made by the Audit Committee were
accepted by the Board of Directors.

Further, details on Audit Committee are provided in the
Corporate Governance Report attached to this Report.

17. NOMINATION AND REMUNERATION POLICY

The Company has in place a ‘Nomination and Remuneration
Policy’ for its Directors, Key Managerial Personnel and Senior
Management/other employees, which outlines the criteria for
determining qualifications, positive attributes, independence
of a director and other relevant matters. The Policy is available
on the Company’s website, web link for the same is
https://www.apmindustries.co.in/investors/policies-codes/. The
salient features of the Policy have been disclosed in the
Corporate Governance Report, which forms an integral part of
this Board’s Report.

18. PARTICULARS OF CONTRACTS OR ARRANGEMENTS
WITH RELATED PARTIES

All contracts, arrangements and transactions entered into by
the Company with related parties during the financial year
2024-25 were in the ordinary course of business and on an
arm’s length basis, and were duly approved by the Audit
Committee. The Board of Directors has established criteria for
granting omnibus approval by the Audit Committee for
transactions that are repetitive in nature, in accordance with
the Company’s Policy on Materiality of Related Party
Transactions and dealing with Related Party Transactions
(‘RPT Policy’). During the year under review, the Company
did not enter into any materially significant related party
transactions as defined in the RPT Policy. Accordingly,
disclosure of related party transactions under Section 188(1)
of the Act in Form AOC-2 is not applicable. Related party
disclosures have been provided in Note No. 53 to the Financial
Statements, which form part of this Annual Report. The RPT
Policy is available on the Company’s website, web link for the
same is https://www.apmindustries.co.in/investors/policies-codes/.

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

The information relating to conservation of energy, technology
absorption and foreign exchange earnings and outgo, as
required under Section 134(3)(m) of the Act, read with Rule 8
of the Companies (Accounts) Rules, 2014, is attached as
Annexure-3 to this Report.

20. RISK MANAGEMENT

The risk management framework is designed to identify,
evaluate and assess business risks and their impact on
Company’s business. The risk assessment and minimization
procedures are reviewed by the Board periodically to ensure
that executive management controls risk through the
mechanism of a properly defined framework. The framework
is aimed at creating and protecting stakeholder’s value by
minimizing threats and losses besides identifying and
maximizing opportunities.

21. PARTICULARS OF EMPLOYEES

The disclosure required under Section 197 of the Act read with
Rule 5(1) of the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014 is annexed as
Annexure-4 to this Report.

As per the provisions of Section 136(1) of the Act, the Annual
Report and the Accounts are being sent to all the members of
the Company, excluding the information required under Section
197(12) of the Act read with Rule 5(2) and 5(3) of Companies
(Appointment and Remuneration of Managerial Personnel)
Rules, 2014. Any member interested in obtaining such
information may write to the Company Secretary at the
Registered Office. The said information is also available for
inspection at the Registered Office during working hours up to
the date of the ensuing AGM.

22. ANNUAL RETURN

In terms of Sections 92(3) and 134(3)(a) of the Act and the
Companies (Management and Administration) Rules, 2014,
the Annual Return is available under the ‘Investors’ section of
the Company’s website and can be viewed at the following
link: https://www.apmindustries.co.in/investors/reports-returns/annual-returns/.

23. CORPORATE GOVERNANCE

The Corporate Governance philosophy of the Company is a
reflection of principles entrenched in our values and policies
and also embedded in our day-to-day business practices,
leading to value-driven growth. Aligning itself to this philosophy,
the Company has placed Corporate Governance on a high
priority.

A detailed Report on Corporate Governance pursuant to the
requirements of Regulation 34 read with Schedule V of the
Listing Regulations, is attached as Annexure-5 to this Report.
A certificate from the Practicing Company Secretary confirming
compliance with the conditions of Corporate Governance, as
stipulated in Clause E of Schedule V to the Listing Regulations,
is attached to the Corporate Governance Report.

The Board Members and Senior Management Personnel have
affirmed compliance with the Code of Conduct for Directors
and Senior Management for the financial year ended March
31,2025. A certificate from the Managing Director confirming
the same is attached to the Corporate Governance Report.

A certificate from the Managing Director and Chief Financial
Officer confirming correctness of the financial statements,
adequacy of internal control measures and other related
matters, is also attached to the Corporate Governance Report.

24. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

The Management Discussion and Analysis Report, as
stipulated under Listing Regulations, is attached as Annexure-
6 to this Report.

25. VIGIL MECHANISM / WHISTLE BLOWER POLICY

The Company is committed to promoting ethical conduct in all
its business activities. The Company has a robust vigil
mechanism through its Whistle Blower Policy approved and
adopted by Board of Directors of the Company in compliance
with the provisions of Section 177(10) of the Act and Regulation
22 of the Listing Regulations.

The details of Vigil Mechanism (Whistle Blower Policy) adopted
by the Company have been disclosed in the Corporate
Governance Report, which forms an integral part of this Annual
Report.

26. COMPLIANCE WITH THE MATERNITY BENEFIT ACT, 1961

The Company has complied with all the applicable provisions
of the Maternity Benefit Act, 1961. Adequate measures are in
place to ensure that female employees are provided with the
benefits and protections mandated under the said Act, including
maternity leave, nursing breaks, and other entitlements. The
Company remains committed to promoting a supportive and
inclusive workplace for all employees.

27. PARTICULARS OF LOAN, GUARANTEES OR
INVESTMENTS

During the financial year 2024-25, the Company has not given
loans, guarantees and investments as per Section 186 of the
Act.

28. COMPLIANCE WITH SECRETARIAL STANDARDS OF
INSTITUTE OF COMPANY SECRETARIES OF INDIA

The Company has complied with the Secretarial Standard-1
on ‘Meetings of the Board of Directors’ and Secretarial
Standard-2 on ‘General Meetings’ as issued by the ICSI.

29. OTHER STATUTORY DISCLOSURES

During the year under review: -

• The Company has not (i) issued any shares, warrants,
debentures, bonds, or any other convertible or non¬
convertible securities (ii) issued equity shares with
differential rights as to dividend, voting or otherwise (iii)
issued any sweat equity shares to its Directors or
employees (iv) made any change in voting rights (v)
reduced its share capital or bought back shares (vi)
changed the capital structure resulting from restructuring
(vii) failed to implement any corporate action.

• The Company’s securities were not suspended for trading
during the year.

• The disclosure pertaining to explanation for any deviation
or variation in connection with certain terms of a public
issue, rights issue, preferential issue, etc. is not applicable
to the Company.

• There were no significant and material orders were passed
by the Regulators or Courts or Tribunals which impact
the going concern status of the Company and its
operations in the future;

• There was no instance of any one-time settlement with
any Banks or Financial Institutions.

• No application has been made under the Insolvency and
Bankruptcy Code, 2016 (31 of 2016) (‘the IBC, 2016’),
hence, the requirement to disclose the details of
application made or any proceeding pending under the
IBC, 2016 during the year along with their status as at
the end of the financial year is not applicable.

• There have been no material changes and commitment,
affecting the financial position of the Company which
occurred after the close of the financial year 2025 till the
date of this Report, other than those already mentioned
in this Report.

30. DISCLOSURE UNDER SEXUAL HARASSMENT OF WOMEN
AT WORKPLACE (PREVENTION, PROHIBITION &
REDRESSAL) ACT, 2013

The Company has Zero Tolerance towards any action on the
part of any employee which may fall under the ambit of ‘Sexual
Harassment’ at workplace, and is fully committed to uphold
and maintain the dignity of every woman working in the
Company.

Hence, the Company has in place a Policy for prevention of
Sexual Harassment at the Workplace in line with the
requirements of the Sexual Harassment of Women at the
Workplace (Prevention, Prohibition & Redressal) Act, 2013.

Further, the Company has also constituted Internal Complaints
Committee in compliance with the provisions of the Sexual
Harassment of Women at Workplace (Prevention, Prohibition
and Redressal) Act, 2013.

Details of complaints received and disposed of during the
financial year are as follows: -

(a) Number of complaints of sexual harassment received
during the year: - Nil

(b) Number of complaints disposed of during the year: - Nil

(c) Number of cases pending for more than 90 days: - Nil

31. INVESTOR SERVICES

In its endeavor to improve investor services, your Company
has taken the following initiatives: -

• The Investors Section on the website of the Company
www.apmindustries.co.in is updated regularly for
information of the shareholders.

• There is a dedicated e-mail id
csapmindustriesltd@gmail.com for sending
communications to the Company Secretary and
Compliance Officer.

• Disclosure made to the Stock Exchange are promptly
uploaded on the website of the Company, as per
requirement of Listing Regulations for information of the
Investors.

Members may lodge their requests, complaints and

suggestions on this e-mail as well.

32. ACKNOWLEDGEMENTS

The Board of Directors places on record its sincere gratitude
and appreciation to all the employees of the Company. The
consistent growth and success achieved during the year would
not have been possible without their hard work, commitment,
cooperation and dedication.

The Board also extends its heartfelt appreciation to the
Company’s Customers, Shareholders, Suppliers, Vendors,
Bankers, Business Associates and the Regulatory and
Government Authorities for their continued support and trust.

For and on behalf of the Board

Rajendra Kumar Rajgarhia
Place: New Delhi Chairman and Whole time Director

Dated: July 31, 2025 DIN: 00141766