Markets

The Board of Directors are pleased to present the Company's 06^th Annual Report and the Company's audited financial
statements for the financial year ended 31st March, 2026.

1. OPERATING RESULTS

The operating results of the Company for the year ended 31st March, 2026 are as follow:

2. TRANSFER TO RESERVES

There are no transfers to any specific reserves during the year.

3. THE STATE OF THE COMPANY'S AFFAIR

During the year under review, your Company achieved revenue from operations of Rs. 1,912.17 lakhs, compared to Rs.
2,547.82 lakhs in the previous year. The Company recorded a profit after tax of Rs. 158.14 lakhs, as against Rs. 395.08
lakhs in the previous year.

4. SHARE CAPITAL

Authorised Share Capital: The Authorised Share Capital of the Company is Rs. 15,00,00,000 divided in to 1,50,00,000
Equity Shares of Rs. 10/- each.

Issued Subscribed and Paid-up Share Capital: The Issued Subscribed and Paid-up Share Capital of the Company is Rs.
14,02,59,580 divided in to 1,40,25,958 Equity Shares of Rs. 10/- each.

5. DIVIDEND

Your directors do not recommend any divided for the financial year ended 31s March 2026.

6. CASH FLOW AND FINANCIAL STATEMENTS

As required under Regulation 34 of the Listing Regulations, a Cash Flow Statement and Financial Statement is part of the
Annual Report.

7. THE CHANGE IN THE NATURE OF BUSINESS, IF ANY

There is no change in the nature of business of the Company.

8. TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND.

There was no transfer during the year to the Investor Education and Protection Fund in terms of Section 125 of the
Companies Act, 2013.

9. CONSERVATION OF ENERGY-TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE ETC.

The information pertaining to conservation of energy, technology absorption, foreign exchange earnings and outgo as
required under Section 134 (3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules,
2014 is furnished as Annexure A to Director's Report.

10. STATEMENT CONCERNING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY OF THE
COMPANY

The Company has in place a mechanism to identify, assess, monitor and mitigate various risks to key business
objectives. Major risks identified by the businesses and functions are systematically addressed also discussed at the
meetings of the Risk Management Committee and the Board of Directors of the Company. The Company has constituted
Risk Management Committee and its risk management policy is available on the website of the Company.

11. INTERNAL CONTROL SYSTEM

The Company's internal controls system has been established on values of integrity and operational excellence and it
supports the vision of the Company "To be the most sustainable and competitive Company in our industry". The

Company's internal control systems are commensurate with the nature of its business and the size and complexity of its
operations. These are routinely tested and certified by Statutory as well as Internal Auditors and their significant audit
observations and follow up actions thereon are reported to the Audit Committee.

12. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186 OF THE COMPANIES
ACT, 2013

The particulars of investments made and loans given to subsidiaries has been disclosed in the financial statements in
notes 14 and 18 of the standalone financial statements.

13. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

All the related party transactions are entered on arm's length basis, in the ordinary course of business and are in
compliance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015. There are no materially significant related party transactions made by the Company
with Promoters, Directors or Key Managerial Personnel etc. which may have potential conflict with the interest of the
Company at large or which warrants the approval of the shareholders. The transactions are being reported in Form
AOC-2 i.e. Annexure B in terms of Section 134 of the Act read with Rule 8 of the Companies (Accounts) Rules, 2014.
However, the details of the transactions with Related Party are provided in the Company's financial statements (note
32) in accordance with the Accounting Standards. All Related Party Transactions are presented to the Audit Committee
and the Board. Omnibus approval is obtained for the transactions which are foreseen and repetitive in nature. A
statement of all related party transactions is presented before the Audit Committee on a quarterly basis, specifying the
nature, value and terms and conditions of the transactions.

14. POLICY ON SEXUAL HARASSMENT OF WOMEN AT WORKPLACE:

The Company has zero tolerance towards sexual harassment at the workplace and towards this end, has adopted a
policy in line with the provisions of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal)
Act, 2013 and the Rules thereunder. All employees (permanent, contractual, temporary, trainees) are covered under the
said policy. The Company has complied with provisions relating to the constitution of Internal Complaints Committee
under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 which
redresses complaints received on sexual harassment.

During the financial year under review:

a) Number of complaints filed during the financial year: NIL

b) Number of complaints disposed of during the financial year: NIL

c) Number of complaints pending as on end of the financial year: NIL

15. ANNUAL RETURN

Pursuant to the provisions of Section 92(3) of Companies Act, 2013 following is the link for Annual Return FY 2025-26
https://identicalbrains.com/

16. NUMBER OF BOARD MEETINGS CONDUCTED DURING THE YEAR UNDER REVIEW

During the financial year, the Board met Five times on 26^th May 2025, 30^th May 2026, 25^th August 2025, 06^th September

2025, 21^st November 2025 and 06^th March 2026.

17. DIRECTORS' RESPONSIBILITY STATEMENT

In terms of Section 134(5) of the Companies Act, 2013 The Board of Directors of the Company hereby confirm:

• That in the preparation of the annual accounts, the applicable accounting standards have been followed and there has
been no material departure.

• That the selected accounting policies were applied consistently and the Directors 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 as on 31st March,

2026, and that of the profit of the Company for the year ended on that date.

• That proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with
the provisions of the Companies Act, 2013, for safeguarding the assets of the Company and for preventing and detecting
fraud and other irregularities.

• That the annual accounts have been prepared on a going concern basis.

• The Board has laid down internal financial controls to be followed by the Company and that such internal financial
controls are adequate and were operating effectively.

• 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.

18. DEPOSITS

The Company has neither accepted nor renewed any deposits during the year under review.

19. PARTICULARS OF EMPLOYEES AND REMUNERATION

The information required under section 197 of the Act read with rule 5(1) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 is given as Annexure C to this report. In terms of provisions of
Section 197(12) of the Companies Act, 2013 read with Rules 5(2) and 5(3) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, a statement showing the names and other particulars of
employees drawing remuneration in excess of the limits set out in the said Rules, if any, forms part of the Report. The
Nomination and Remuneration Committee of the Company has affirmed at its meeting held on 30^th May, 2025 that the
remuneration is as per the remuneration policy of the Company. The policy is available on the Company's website.
https://identicalbrains.com/corporate-policies.php

20. DIRECTORS

Mr. Raghvendra Rai is liable to retire by rotation in this ensuing Annual General Meeting and being eligible he has
offered himself for reappointment. Your directors recommend his re-appointment. Pursuant to the provisions of Section
149 of the Act, the Independent Directors have submitted declarations that each of them meets the criteria of
independence as provided in Section 149(6) of the Act along with Rules framed thereunder and Regulation 16(1)(b) of
the SEBI Listing Regulations. There has been no change in the circumstances affecting their status as Independent
Directors of the Company.

21. ATTRIBUTES, QUALIFICATIONS & INDEPENDENCE OF DIRECTORS, THEIR APPOINTMENT AND
REMUNERATION

The Nomination & Remuneration Committee of Directors have approved a Policy for Selection, Appointment and
Remuneration of Directors which inter-alia requires that composition and remuneration is reasonable and sufficient to
attract, retain and motivate Directors, KMP and senior management employees and the Directors appointed shall be of
high integrity with relevant expertise and experience so as to have diverse Board and the Policy also lays down the
positive attributes/criteria while recommending the candidature for the appointment as Director.

22. DECLARATION OF INDEPENDENT DIRECTORS

The Independent Directors have submitted their disclosures to the Board that they fulfil all the requirements as
stipulated in Section 149(7) of the Companies Act, 2013 so as to qualify themselves to be appointed as Independent
Directors under the provisions of the Companies Act, 2013 and the relevant rules.

23. STATUTORY AUDITORS

The Members of the Company in the Annual General Meeting held on 16^th August 2024 appointed M/S. S C Mehra &
Associates LLP, Chartered Accountants (FRN: 106156W) as Statutory Auditors of your Company for a period of 5 years
from the conclusion of the Annual General Meeting till the conclusion of Sixth consecutive Annual General Meeting
thereafter (i.e. the Financial Year 2024-25 to Financial Year 2028-29).

24. INTERNAL AUDITORS

M/s Yogesh Bhuva & Co., Chartered Accountants, were appointed as internal auditors by the Board on 30^th May 2025 for
the financial year 2025-26 and who have issued their reports on quarterly basis.

25. SECRETARIAL AUDITORS

On recommendation of the Audit Committee, and Nomination and Remuneration Committee the Board of Directors of
the Company at its meeting held on 05th September, 2025 have appointed M/s. Jaymin Modi & Co., Company
Secretaries, as Secretarial Auditors of the Company to carry out the Secretarial Audit for a term of 5 consecutive years i.e
from F.Y 2024-25 to 2029-30 and to issue Secretarial Audit Report as per the prescribed format under rules in terms of
Section 204(1) of the Companies Act, 2013 and Rule 9 of the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014. Further, the Secretarial Audit issued by M/s. Jaymin Modi & Co., Company Secretaries for the
financial year 2025-2026 is annexed herewith and forms part of this report as Annexure E. Secretarial Audit Report is
not applicable to the Subsidiary, not being a material subsidiary.

26. COST RECORDS AND COST AUDIT

The provision of the Companies (Cost Records and Audit) Rules, 2014 is not applicable to the Company. Maintenance of
cost records as prescribed under the provisions of Section 148(1) of the Companies Act, 2013 was not applicable for the
business activities carried out by the Company for the FY 2024-25. Accordingly, such accounts and records are not made
and maintained by the Company for the said period.

27. EXPLANATION OR COMMENTS ON QUALIFICATIONS, RESERVATIONS OR ADVERSE REMARKS OR
DISCLAIMERS MADE BY THE AUDITORS AND THE PRACTICING COMPANY SECRETARY IN THEIR REPORTS

There are no qualifications, reservations or adverse remarks or disclaimers made by the Statutory Auditor and Internal
Auditor in their reports.

The Observation/remarks of Secretarial Auditor and comment of Board of Director are as under:

28. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

The Management's Discussion and Analysis Report for the year under review, as stipulated under regulation 34 (3) and
Part B of schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is annexed to this
Annual Report as Annexure E.

29. HOLDING, SUBSIDIARY, JOINT VENTURES AND ASSOCIATE COMPANIES

The Company does not have any Holding, Subsidiary, Joint Ventures And Associate Companies.

30. VIGIL MECHANISM

The Company has established a vigil mechanism policy to oversee the genuine concerns expressed by the employees
and other Directors. The Company has also provided adequate safeguards against victimisation of employees and
Directors who express their concerns.

The Vigil Mechanism Policy is available at the website of the Company: https://identicalbrains.com/corporate-
policies.php.

31. REPORTING OF FRAUD BY AUDITORS

During the year under review, the Internal Auditors, Statutory Auditors and Secretarial Auditor have not reported any
instances of frauds committed in the Company by its Officers or Employees to the Audit Committee under section
143(12) of the Act, details of which needs to be mentioned in this Report.

32. ANNUAL EVALUATION BY THE BOARD

In compliance with the Companies Act, 2013, and Regulation 17 of the Listing Regulations, the performance evaluation
of the Board and its Committees were carried out during the year under review.

33. MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY
WHICH HAVE OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR OF THE COMPANY TO WHICH THE
FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT

There are no material changes and commitments affecting the financial position of the Company occurred during the
financial year.

34. THE DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR
TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY'S OPERATIONS IN FUTURE.

During the year there has been no significant material orders passed by the Regulators or Courts or Tribunals impacting
the going concern status and company's operations in future.

35. COMMITTEES OF THE BOARD

In accordance with the Companies Act, 2013, the Board has formed a Risk Management Committee. There are currently
seven Committees of the Board, as follows:

« Audit Committee

The Audit Committee of the Company is constituted in line with the provisions of Section 177 of the Companies Act,
2013 read with regulation 18 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Audit
Committee as on the date of the report comprises of 2 Independent Directors & 1 Executive Director.

Following are the members of the Committee
Mr. Rakesh Ramchandra Pawar : Chairman
Mr. Shridhar Sanjay Tari : Member

Mr. Raghvendra Rai : Member

During the year there were in total 4 Audit committee meetings held on 30^th May 2025, 25^th August 2025, 21^st November
2025 and 04^th March 2026.

The Chairperson of Audit Committee was present in previous AGM held on Tuesday, 30^th September 2025 to answer
shareholder's queries.

Broad terms of reference of the Audit Committee are as per following:

The role of the audit committee shall include the following:

1 Oversight of the listed entity's financial reporting process and the disclosure of its financial information to ensure that
the financial statement is correct, sufficient and credible;

2 Recommendation for appointment, remuneration and terms of appointment of auditors of the listed entity;

3 Approval of payment to statutory auditors for any other services rendered by the statutory auditors;

4 Reviewing with the management, the quarterly financial statements before submission to the board for approval;

5 Reviewing and monitoring the auditor's independence and performance and effectiveness of audit p rocess.

7 Approval or any subsequent modification of transactions of the listed entity with related parties.

8 Evaluation of internal financial controls and risk management systems.

9 reviewing, with the management, performance of statutory and Internal Auditors, adequacy of the internal control
systems.

10 Reviewing the adequacy of internal audit function, if any, including the structure of the internal audit department,
staffing and seniority of the official heading the department, reporting structure coverage and frequency of internal
audit.

11 Discussion with internal auditors of any significant findings and follow up there on.

12 Reviewing the findings of any internal investigations by the internal auditors into matters where there is suspected
fraud or irregularity or a failure of internal control systems of a material nature and reporting the matter to the board.

13 Discussion with statutory auditors before the audit commences, about the nature and scope of audit as well as post¬
audit discussion to ascertain any area of concern.

14 To review the functioning of the whistle blower mechanism.

15 Approval of appointment of chief financial officer after assessing the qualifications, experience and background, etc.
of the candidate.

16 Carrying out any other function as is mentioned in the terms of reference of the audit committee
•Nomination and Remuneration Committee

The Nomination and Remuneration Committee of the Company is constituted in line with the provisions of Section 178
of the Companies Act, 2013 read with regulation 19 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.

The Committee comprises of 3 Non-Executive Independent Directors.

The Nomination and Remuneration Committee met Twice in the Financial Year 2025-26 on 25/08/2025 and
06/09/2025.

The necessary quorum was present in the said meetings.

The Chairman of the Nomination and Remuneration Committee was present at the last Annual General Meeting of the
Company held on Tuesday, 30^th September, 2025.

The composition of the Committee and the details of meetings held and attended by the Directors are as under:

Mr. Shridhar Sanjay Tari : Chairman

Mr. Rakesh Ramchandra Pawar : Member
Ms. Jyoti Sharma : Member

Role Of Nomination And Remuneration Committee, inter-alia, include the following:

(1) Formulation of the criteria for determining qualifications, positive attributes and independence of a director and
recommend to the Board of Directors a policy relating to, the remuneration of the directors, key managerial personnel
and other employees;

(2) Formulation of criteria for evaluation of performance of independent directors and the board of directors;

(3) Devising a policy on diversity of board of directors;

(4) Identifying persons who are qualified to become directors and who may be appointed in senior management in
accordance with the criteria laid down and recommend to the board of directors their appointment and removal.

(5) Whether to extend or continue the term of appointment of the independent director, on the basis of the report of
performance evaluation of independent directors.

(6) To recommend to the Board all remuneration, in whatever form, payable to senior management.

The policy on directors' appointment and remuneration including criteria for determining qualifications, positive
attributes, independence of a director and other matters is available on company's website.

Remuneration of Directors

The remuneration of the Managing Director and Whole- Time Director is recommended by the Remuneration
Committee and then approved by the Board of Directors and subsequently by the shareholders in general meeting
within the limits prescribed in Companies Act, 2013.

Criteria for making payments

Non-Executive Directors of the Company are paid sitting fees for attending Board and Committee Meetings and no
Commission is drawn by either of them during the year.

Performance evaluation criteria for Independent Directors:

1) Attendance and participations in the meetings.

2) Preparing adequately for the board meetings.

3) Contribution towards strategy formation and other areas impacting company performance

4) Rendering independent, unbiased opinion and resolution of issues at meetings.

5) Safeguard of confidential information.

6) Initiative in terms of new ideas and planning for the Company.

7) Timely inputs on the minutes of the meetings of the Board and Committee's.

8) Raising of concerns to the Board

Remuneration Policy

The Nomination and Remuneration Policy devised in accordance with Section 178(3) and (4) of the Companies Act,
2013 is available at the website of the Company: https://identicalbrains.com/corporate-policies.php Further, criteria of
making payments to non-executive directors, the details of remuneration paid to all the Directors and the other
disclosures required to be made under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 have
been published below:

•Stakeholder Relationship Committee

The Stakeholder Relationship Committee of the Company is constituted in line with Regulation 20 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015. The Committee comprises of 2 Non-Executive
Independent Directors, 1 Executive Director.

The committee looks into the shareholders and investors grievances that are not settled at the level of Compliance
Officer and helps to expedite the share transfers and related matters. The Committee periodically reviews the status of
stakeholders' grievances and redressal of the same.

The Committee met in FY 2025-26: 06/09/2025.

The necessary quorum was present for all the meetings. The Chairman of the Committee was present at the last Annual
General Meeting of the Company held on Tuesday, 30^th September, 2025.

The composition of the Committee during FY 2025-26 and the details of meetings held and attended by the Directors are
as under:

Following are the members of the Committee.

Ms. Jyoti Sharma : Chairman

Mr. Shridhar Sanjay Tari : Member

Mr. Raghvendra Rai : Member

The role of the committee shall inter-alia include the following:

(1) Resolving the grievances of the security holders of the listed entity including complaints related to transfer/
transmission of shares, non-receipt of annual report, non-receipt of declared dividends, issue of new/ duplicate
certificates, general meetings etc.

(2) Review of measures taken for effective exercise of voting rights by shareholders.

(3) Review of adherence to the service standards adopted by the listed entity in respect of various services being
rendered by the Registrar & Share Transfer Agent.

(4) Review of the various measures and initiatives taken by the listed entity for reducing the quantum of unclaimed
dividends and ensuring timely receipt of dividend warrants/annual reports/ statutory notices by the shareholders of
the Company.]

36. MEETING OF INDEPENDENT DIRECTORS

A separate meeting of the independent directors ("Annual ID Meeting") was convened on 06/03/2026, which reviewed
the performance of the Board (as a whole), the Non-Independent Directors and the Chairman. Post the Annual ID
Meeting, the collective feedback of each of the Independent Directors was discussed by the Chairperson with the Board
covering performance of the Board as a whole, performance of the Non-Independent Directors and performance of the
Board Chairman. All Independent Directors have given declarations that they meet the criteria of independence as laid
down under Section 149(6) of the Companies Act, 2013 and Regulation 16(1) (b) of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 and there is no change in their status of Independence. As required under
Section 149(7) of the Companies Act, 2013.

37. ATTRIBUTES, QUALIFICATIONS & INDEPENDENCE OF DIRECTORS, THEIR APPOINTMENT AND
REMUNERATION

The Nomination & Remuneration Committee of Directors have approved a Policy for Selection, Appointment and
Remuneration of Directors which inter-alia requires that composition and remuneration is reasonable and sufficient to
attract, retain and motivate Directors, KMP and senior management employees and the Directors appointed shall be of
high integrity with relevant expertise and experience so as to have diverse Board and the Policy also lays down the
positive attributes/criteria while recommending the candidature for the appointment as Director.

38. DECLARATION OF INDEPENDENT DIRECTORS

The Independent Directors have submitted their disclosures to the Board that they fulfil all the requirements as
stipulated in Section 149(7) of the Companies Act, 2013 so as to qualify themselves to be appointed as Independent
Directors under the provisions of the Companies Act, 2013 and the relevant rules.

39. OTHER DISCLOSURES

The Company does not have any Employees Stock Option Scheme in force and hence particulars are not furnished, as
the same are not applicable. No proceedings against the Company is initiated or pending under the Insolvency and
Bankruptcy Code, 2016. The details of difference between amount of the valuation done at the time of one-time
settlement and the valuation done while taking loan from the Banks or Financial Institutions along with the reasons
thereof - Not Applicable.

40. POLICIES

The Company seeks to promote highest levels of ethical standards in the normal business transactions guided by the
value system. The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 mandates formulation of
certain policies for listed companies. The Policies are reviewed periodically by the Board and are updated based on the

need and compliance as per the applicable laws and rules and as amended from time to time. The policies are available
on the website of the Company.

41. CORPORATE INSOLVENCY RESOLUTION PROCESS INITIATED UNDER THE INSOLVENCY AND BANKRUPTCY
CODE, 2016 (IBC)

During the period under review, neither any application under Corporate Insolvency Resolution Process was initiated
nor any pending under the Insolvency and Bankruptcy Code, 2016

42. DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME
SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL
INSTITUTIONS ALONG WITH THE REASONS THEREOF

During the period under review, no such settlement took place.

43. COMPLIANCE OF APPLICABLE SECRETARIAL STANDARDS

Your Directors hereby confirm that the Company has complied with the necessary provisions of the revised Secretarial
Standard 1 and Secretarial Standard 2 to the extent applicable to the Company.

44. ENHANCING SHAREHOLDER VALUE

Your Company firmly believes that its success, the marketplace and a good reputation are among the primary
determinants of value to the shareholder. The organisational vision is founded on the principles of good governance and
delivering leading-edge products backed with dependable after sales services. Following the vision your Company is
committed to creating and maximising long-term value for shareholders.

45. DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL
RESPONSIBILITY INITIATIVES

The Company has constituted a Corporate Social Responsibility (CSR) Committee in accordance with Section 135 of the
Companies Act, 2013 read with Companies Corporate Social Responsibility (Policy) Rules, 2014.

As per provision of Section 135 of the Companies Act, 2013 read with Rule 8 of Companies Corporate Social
Responsibility (Policy) Rules, 2014, the Board has approved CSR Policy and the Company has spent towards CSR
activities, details of which are provided in attached Annexure F to Director's Report.

46. ACKNOWLEDGEMENTS

Your Directors take this opportunity to express their sincere appreciation and gratitude for the continued co-operation
extended by shareholders, employees, customers, banks, suppliers and other business associates.

For and behalf of Identical Brains Studios Limited
Sd/- Sd/-RAGHVENDRA RAI Sameer RaiManaging Director Executive DirectorDIN 08351262 DIN 09075325Date: 27^th August 2026