Your Directors have pleasure in presenting this 30th (Thirtieth) Annual Report of the Company
together with the Audited Financial Statements for the year ended 31st March, 2025.

1. HIGHLIGHTS OF FINANCIAL PERFORMANCE : Your Company's financial performance
during the Financial Year 2024-25 as compared to that of the previous Financial Year 2023¬
24 is summarized below:-

fRimppc in I nlihcl

2. REVIEW OF OPERATIONS:

Your Directors are pleased to report that during the year under review, the Company crushed
6.83 Lakhs Tons of Sugar cane and 7.44 Lakhs Quintals of Sugar was bagged with an
average recovery of 10.90% and 31,957 tonnes of Molasses was produced. The distillery
unit produced 82.11 Lakh litres of Ethanol and Impure Spirit.

The Company registered gross revenue of Rs. 33,610.84 Lakhs for the year ended 31st
March, 2025 against Rs. 37,711.06 Lakhs for the year ended 31st March, 2024. For the year
2024-25, the company earned EBITDA of Rs. 2,501.15 Lakhs compared to Rs. 3,801.12

Lakhs for the previous year 2023-24. The company earned a net profit of Rs. 107.24 Lakhs
compared to the net profit of Rs. 703.94 Lakhs of previous year. The Company registered
decrease of 10.87% in turnover as compared to previous years.

i) PROSPECTS FOR THE FINANCIAL YEAR 2025-26:

Though it is too early to estimate the sugar production for ensuing Crushing Season relevant
to Financial Year 2025-26, because of monsoon and underground water availability, showing
reports are indicating good crushing season a head.

3. TRANSFER TO RESERVES:

Your Directors do not propose to transfer any amount to reserves during the Financial Year
ended 31st March, 2025.

4. DIVIDEND:

The Directors did not recommend dividend on Preference Shares and also on Equity Shares
for the Financial Year ended 31 st March, 2025.

5. TRANSFER OF UNCLAIMED DIVIDEND

There is no Un-claimed dividend to be transferred to IEPF (Investor Education and Protection
Fund) for the year 2024-25

6. CHANGE IN THE NATURE OF BUSINESS, IF ANY:

During the period under review and the date of Board's Report there was no change in the
nature of Business of the Company.

7. EXTRACT OF ANNUAL RETURN:

As required pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the
Companies (Management and Administration) Rles, 2014, the Annual Return as on March
31,2025 is available on the Company's website on https://www.gayatrisugars.com/pdf/yrly/
AR% 20GSL-2024-25.pdf.

8. MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL
POSITION OF THE COMPANY, HAVING OCCURRED SINCE THE END OF THE YEAR
AND TILL THE DATE OF THE REPORT

There were no material changes and commitments affecting the financial position of your
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.

9. INFORMATION ABOUT THE FINANCIAL PERFORMANCE / FINANCIAL POSITION OF
THE SUBSIDIARIES / ASSOCIATES/ JOINT VENTURES:

There are no Companies which have become or ceased to be its Subsidiaries, Joint Venture
or Associate Companies during the year.

10. KEY MANAGERIAL PERSONNEL AND DIRECTORS:

The following are the Key Managerial Personnel (KMP) of the Company pursuant to the
provisions of Section 203 of the Companies Act, 2013, as on 31st March, 2025:¬

1. Mrs. T. Sarita Reddy, Managing Director

2. Mr. V. R. Prasad, Chief Financial Officer

3. Mrs. D S V R Susmitha, Company Secretary & Compliance Officer
Independent Directors declaration:

All the Independent Directors of your Company, viz., Mr. Raghuraj Suresh Bhalerao, Mr. P

V Narayana Rao and Mr. C V Rayudu have registered themselves with the databank
maintained by the Indian Institute of Corporate Affairs, in terms of the provisions of amended
Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2019 and the
Companies (Creation and Maintenance of Databank of Independent Directors) Rules, 2019.

The Company has received the necessary declaration from each Independent Director in
accordance with Section 149(7) of the Companies Act, 2013, read with Regulations 16 and
25(8) of the Listing Regulations that he meets the criteria of independence as laid out in
Section 149(6) of the Companies Act, 2013 and Regulationsl 6(1 )(b) and 25(8) of the Listing
Regulations(LODR), 2015 and the same have been taken on record by the Board after
undertaking due assessment of the veracity of the same.

The criteria for determining qualifications, positive attributes and independence of Directors
is provided in the Nomination and Remuneration Policy of the Company is available on the
website, viz., http://www.gayatrisugars.com/at the web linkhttp://www.gayatrisugars.com/
CorpPolicies.html

All the Independent Directors of the Company have complied with the Code for Independent
Directors prescribed in Schedule IV to the Companies Act, 2013.The details of familiarization
programmes attended by the Independent Directors are available on the website of the
Company, http://www.gayatrisugars.com/ at the web link http://www.gayatrisugars.com/
CorpPolicies.html

Appointments/Re- Appointments:

As per provisions of the Section 152 of the Companies Act, 2013, read with AOA of the
company. Mr. T V Sandeep Kumar Reddy, retires by rotation at this ensuing AGM and
being eligible offer himself for re-appointment.

The resolution for re-appointment of Mr. T V Sandeep Kumar Reddy forms part of the notice
convening the ensuing AGM.

Further based on the recommendation of Nomination and Remuneration Committee, the
Board of Directors have appointed Mr.C.V. Rayudu (DIN 03536579) as an Additional Director
of the company on August 7, 2024. The term of Mr. P.V. Narayana Rao, (DIN 07378105)
will be expires on February 10, 2025. The Board has recommended the appointment of Mr.
P.V. Narayana Rao (DIN 07378105) as an Independent Director of the company for another
term of 5 years from February 11, 2025. Accordingly the members of the Company at their
29th AGM had appointed Mr. C V Rayudu as an Independent Director for a term of 5 years
with effect from 7th August 2024 and Mr. P.V. Narayana Rao (DIN 07378105) for another
term of 5 years with effect from 11th February 2025.

Further also the term of 10 years of Mr. T. R. Rajagopalan as an Independent Director
expired on 29th September 2024 and he ceased as a director from that date.

The profile and particulars of experience, attributes and skills of the Directors,
recommendations to the shareholders are forming part of the notice convening the AGM.

11. SECRETARIAL STANDARDS:

The Company has in place proper system to ensure compliance with provisions of the
applicable Secretarial Standards issued by The Institute of Company Secretary of India and
such system are adequate and operating effectively.

12. BOARD MEETINGS:

During the Financial Year ended 31st March, 2025, The Board of Directors of your Company
met 4 (Four) times on 25th April 2024, 7th August 2024, 6th November 2024 and 14th
February 2025. The details of Board Meetings and the attendance of the Directors thereat
are provided in the Corporate Governance Report. The intervening time gap between two
consecutive Meetings was within the prescribed period of 120 days as specified under the
provisions of Section 173 of the Companies Act, 2013 read with relevant notifications and
Listing Regulations.

13. SHARE CAPITAL:

• Total Number of Equity Shares: 7,43,03,640 and

• Total Number of Preference Shares: 3,01,47,023.

Members are aware that the Company had initiated the process of raising funds of Rs.

4.150.00 Lakhs by way of issue of equity warrants on a preferential basis, to arrange the
working capital requirements of the company and general corporate purpose, this will
enable the company to have better cash flows. Out of the above offered warrants for
raising of Rs. 4,150 lakhs, the subscribers have subscribed 3,38,00,000 warrants, and the
Company has received an amount of Rs. 1960.00 lakhs as full subscription amount for
1,95,99,997 warrants and the same was converted into equity shares.

Further, the Company has forfeited the balance non-converted warrants to the extent of
14,200,003, for which a subscription amount of Rs. 2.50 per warrant, aggregating to Rs.

355.00 lakhs, had been received. The said amount has been transferred to the Capital
Reserve Account due to non-receipt of the balance allotment money.

As a result of the above allotment, the Issued Capital has been increased from Rs.
64,80,03,050/- to Rs. 74,30,36,400/- and Subscribed and Paid-Up Capital of the Company
has been increased from Rs. 64,78,77,550/- to Rs. 74,29,10,900/-.

Issue of equity shares with differential rights:

During the period under review, the Company hadn't issued equity shares with differential
rights.

Issue of Sweat Equity Shares

During the period under review, the Company hadn't issued sweat equity shares.

Details of Employee Stock Options

During the period under review, the Company hadn't issued stock options to the employees
of the Company.

14. COMMITTEES OF BOARD:

Pursuant to requirement under Companies Act, 2013 and SEBI (Listing Obligations and
Disclosure Requirements), Regulations, 2015, the Board of Directors has constituted various
committees of Board such as Audit Committee, Nomination and Remuneration Committee,
Stakeholders Relationship Committee, Corporate Social Responsibility Committee and
Management committee. The details of Composition and terms of reference of these
committees are mentioned in the Corporate Governance Report and available on company
website also.

15. POLICY LAID DOWN BY THE NOMINATION AND REMUNERATION COMMITTEE
FORREMUNERATION OF DIRECTORS, KMP & OTHER EMPLOYEES:

The Board, on the recommendations of the Nomination and Remuneration Committee,
determines the characteristics, skills and other attributes required for appointment and
removal of Directors. For this, the Company has Nomination and Remuneration policy,
which is performance driven and is structured to motivate Directors and Employees,
recognize their merits and achievements and promote excellence in their performance.

The salient features of the policy are:

a) To guide the Board in relation to appointment and removal of Directors, Key Managerial
Personnel and Senior Management.

b) To evaluate the performance of the members of the Board and provide necessary
report to the Board for further evaluation.

c.) To recommend to the Board on Remuneration payable to the Directors, Key Managerial
Personnel and Senior Management.

d) Ensure that level and composition of remuneration is reasonable and sufficient,
relationship of remuneration to performance is clear and meets appropriate performance
benchmarks.

The above Policy is available on the website of the Company www.gayatrisugars.com/at the
web linkhttp://www.gayatrisugars.com/CorpPolicies.html

Manner in Which Formal Annual Evaluation has been made by the Board of its Own Performance
and that of its Committees and Individual Directors:

Pursuant to the provisions of the Companies Act 2013 and SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 the Board has carried out evaluation of (i) its own performance,
(ii) the directors individually and (iii) working of its Committees. The manner in which the
evaluation was carried out as detailed below:

(a) Nomination & Remuneration Committee: Pursuant to the provisions of the Companies
Act 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, the Nomination and Remuneration Committee has formulated the criteria for
evaluation of directors and evaluated every director. A structured questionnaire was
prepared after taking into consideration of various parameters such as attendance and
participation in meetings, monitoring corporate governance practices, independence
of judgment, safeguarding the interests of the Company etc., and accordingly the
evaluation was made. The Members of the Committee evaluated the individual directors
at its meeting held on 14.02.2025.

(b) Separate Meeting of Independent Directors: The Independent directors of the Company
at its meeting held on 14.02.2025 (a) reviewed the performance of the Non-Independent
directors and Board, (b) reviewed the performance of the Chairperson of the Company
and (c) assessed the quality, quantity and timeliness of flow of information between
the Company management and the Board etc. All the Independent Directors attended
the meeting.

A structured questionnaire was prepared after taking into consideration various
parameters such as attendance and participation in meetings, monitoring corporate
governance practices, independence of judgment, safeguarding the interests of the
Company etc., and accordingly, the evaluation was made. The Independent directors
evaluated the Non-Independent directors.

The Independent Directors decided that since the performance of the Non-Independent
Directors (including Managing Director and Non- Executive Directors)is satisfactory,
the term of their appointment be continued.

The Independent Directors after review of the performance of the Chairperson decided
that the Chairperson has good experience, knowledge and understanding of the Board's
functioning and her performance is excellent. The Independent Directors decided that
the information flow between the Company's Management and the Board is excellent.

(c) Evaluation by Board: The Board has carried out the annual performance evaluation of
its own performance, the Directors individually (excluding the director being evaluated)
as well as the evaluation of the working of its Committees. A structured questionnaire
was prepared after taking into consideration various aspects of the Board's functioning
such as adequacy of the composition of the Board and its Committees, effectiveness
in developing Corporate Governance structure to fulfil its responsibilities, execution
and performance of specific duties etc. The Board decided that the performance of
individual directors, its own performance and working of the committees is excellent.

16. DIRECTOR'S RESPONSIBILITY STATEMENT:

In pursuance of section 134 (5) of the Companies Act, 2013, the Directors hereby confirm

that:

(a) In the preparation of the annual accounts, the applicable accounting standards had
been followed along with proper explanation relating to material departures;

(b) the directors had 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 and loss of the Company for that period;

(c) The directors had taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of this Act for safeguarding the
assets of the Company and for preventing and detecting fraud and other irregularities;

(d) The directors had prepared the annual accounts on a going concern basis;

(e) The directors had laid down internal financial controls to be followed by the Company
and that such internal financial controls are adequate and were operating effectively
except for the material weakness/deficiency; and

(f) The directors had devised proper systems to ensure compliance with the provisions of
all applicable laws and that such systems were adequate and operating effectively.

17. STATUTORY AUDITORS AND THEIR REPORT:

Members are aware that the Company has re-appointed M/s. MOS & Associates LLP,

Chartered Accountants as Statutory Auditors of the Company at the 27thAnnual General

Meeting held on to hold office for a term of five consecutive years from the conclusion of

27thAnnual General Meeting [AGM] till the conclusion of 32ndAnnual General Meeting.

They have confirmed that they are not disqualified from continuing as Auditors of the
Company.

The Auditors Report to the members of the Company on the financial statements for the
financial Year ended March 31,2025 forming part of this report contains a qualified opinion
on estimating the Electricity duty amounting to Rs. 283.99 Lakhs as a Contingent Liability
and on internal financial control over the financial reporting as per note No. 29.2 forming
part of the financial statements. In the event of an un-favourable verdict/outcome in this
matter, the Management based on the Supreme Court's interim orders and considering the
inherent uncertainty in predicting the final outcome of the above litigation estimates the
impact of the potential liability to be Rs. 170 lakhs.

18. INTERNAL AUDITORS

As per the provisions of Section 138 of the Companies Act, 2013 read with the rules made
there under, the Company has appointed M/s. PPKG & Associates as internal auditors to
conduct the audit for the FY 2024-25. The Internal Auditor shall present the report to Audit
Committee directly.

19. SECRETARIAL AUDIT:

As per the provisions of the Section 204(1) of the Companies Act, 201 3, the Company has
appointed Mrs. T Durga Pallavi, Practicing Company Secretary to conduct Secretarial
Audit of the records and documents of the Company. The Secretarial Audit Report for the
Financial Year ended March 31,2025 in Form No MR-3 is annexed to the Directors Report
as Annexure -1 and forms part of this Report. The Secretarial Auditors' Report to the Members
of the Company for the Financial Year ended March 31, 2025 does not contain any
qualification(s) or adverse observations.

20. DISCLOSURE ABOUT COST AUDIT:

As per section 148 of the Companies Act, 2013 and rule 14 of the Companies (Audit and
Auditors) Rules, 2014, Company is required to appoint Cost Auditor. The Board of directors
and the Audit Committee of the Board has approved the appointment of M/s. Narasimha
Murthy & Co., as Cost Auditor to audit the cost records of Sugar, Power and Distillery
division of the Company for the financial year 2025-26 and the remuneration payable to
them for the Financial Year 2024-25 is subject to ratification by the shareholders of the
Company.

Further as per section 148(1) of the Companies Act, 2013 read with Companies (Accounts)
Amendment Rules, 2018, maintenance of cost records as specified by the Central
Government under sub section (1) of the Companies Act, 2013, is required by the Company
and accordingly such accounts and records are made and maintained.

21. REPORTING OF FRAUDS:

During the year under review, there have been no frauds reported by the Statutory Auditors
of the Company under sub-section (12) of Section 143 of the Act.

22. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
OUTGO:

The required information as per Sec. 134(3)(m) of the Companies Act 2013 and Rule 8(3) of
Companies (Accounts) Rules, 2014 is provided hereunder:

A. Conservation of Energy:

i) The steps taken or impact on conservation of energy:

The Company has already installed the required energy conservation equipments
and hence no additions were made during the year.

ii) Step taken by the Company for utilizing alternate source of energy:

The company doesn't have alternative source of Energy, since the Company has
Co-gen power facility.

iii) Capital investment on energy conservation equipments:

During the year no investment was made towards energy conservation equipments.

B. Technology Absorption:

i) Efforts made towards Technology Absorption:

Certain modification were undertaken to reduce power Consumption in earlier
financial year. In the current year no such requirement was there.

ii) The benefit derived like product improvement, cost reduction, product
development or import substitution, etc.

The benefit derived is same as the earlier year.

iii) Details of Technology imported during the last 3 years reckoned from the beginning
of the financial year:

During the period of last three years, there was no import of Technology.

iv) Expenditure incurred on Research & Development:

There was no expenditure incurred on Research and Development.

C. Foreign Exchange Earnings and Out Go:

Foreign Exchange Earnings : NIL

Foreign Exchange Outgo : NIL

23. DETAILS OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS:

The Company's internal control system is aimed at proper utilisation and safeguarding of
the Company's resources and promoting operational efficiency. The internal audit process
reviews the in-system checks, covering significant operational areas regularly.

The Company's Audit Committee is responsible for reviewing the Audit Report submitted by
the Internal Auditors. Suggestions for improvements are considered and the Audit Committee
follows up on the implementation of corrective actions. The Audit Committee also invites
the Statutory and Internal Auditors for regular meetings to ascertain their views on the
adequacy of internal control systems and keeps the Board of Directors informed of its
observations from time to time.

The statutory auditors had a qualified opinion on the Internal financial controls over the
financial reporting stating that material weakness has been identified as at March 31,2025
in the Company relating to deficiency in internal financial controls over financial reporting
in respect of management assessment of estimating potential liability relating to disputed
matter as per Note No. 29.16 forming part of financial statements.

The Management conducted an assessment of the effectiveness of the internal control over
financial reporting using the criteria established by the Company considering the essential
components of internal control stated in the Guidance Note on Audit of Internal Financial
Controls over Financial Reporting issued by the Institute of Chartered Accountants of India.
Based on this assessment, Management is of the view that based on Supreme Court's interim
orders and considering the inherent uncertainty in predicting the final outcome of the above
litigations estimates the impact of potential liability to be Rs. 170.00 Lakhs.

24. PARTICULARS OF LOANS GIVEN, INVESTMENTS MADE, GUARANTEES GIVEN AND
SECURITIES PROVIDED:

Particulars of loans, guarantees given and investments made during the year under review
in accordance with section 186 of the Companies Act, 2013 is annexed to this report as
Annexure - II

25. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

The Management Discussion and Analysis Report for the Financial Year under review, as
stipulated under Regulation 34(2) of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, forms a part of the Annual
Report as Annexure -III.

26. RISK MANAGEMENT POLICY:

The Company has been addressing various risks impacting the Company and developed
risk policy and procedures to inform Board members about the risk assessment and
minimization procedures.

27. WHISTLE BLOWER POLICY/VIGIL MECHANISM:

Pursuant to Section 177 of the Companies Act, 2013 and the Rules framed there under and
pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the
Company has established a mechanism through which all the stakeholders can report the
suspected frauds and genuine grievances to the appropriate authority. The Whistle Blower
Policy which has been approved by the Board of Directors of the Company has been
hosted on the website of the Company at http://www.gayatrisugars.com/lnvestors/Corporate
Governance/Policies

24. DISCLOSURE AS PER SECTION 22 OF SEXUAL HARASSMENT OF WOMEN AT
WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013:

Pursuant to the requirements of Section 22 of Sexual Harassment of Women at Workplace
(Prevention, Prohibition & Redressal) Act, 2013 read with Rules there under, the Company
has not received any complaint of sexual harassment during the year under review.
Further the Company has complied with the provisions relating to the constitution of Internal
Complaints Committee (ICC) under the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013.

29. CORPORATE SOCIAL RESPONSIBILTY ("CSR"):

Pursuant to Section 135 of the Companies Act, 2013 read with the Companies (Corporate
Social Responsibility Policy) Rules, 2014, as amended, read with schedule VII, The Board
of Directors constituted Corporate Social Responsibility Committee at Board Meeting held
on August 14, 2017. The details of the Committee are given in Corporate Governance

Report (Armexure V). The CSR policy is available on the website of the Company
www.gayatrisugars.com. The details on CSR policy and activities is presented in the
Annexure-IV

30. SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS:

Demand of Rs. 1,38,81,669/- was raised by the Commissioner of Customs, Central Excise
& Service Tax, Hyderabad-1 Commissionarate, being the amount equal to 10% or 5% of
the value of Exempted goods i.e. Electricity sold by the company for the period Nov-2006
to Dec-2010 in the case of Kamareddy Unit of Rs. 58.53 Lakhs and for the period Mar-2006
to Mar-2012 in the case of Nizamsagar Unit of Rs. 80.29 Lakhs both put together Rs 138.82
Lakhs.

The Customs, Excise and Service Tax Appellate Tribunal, Regional Bench at Hyderabad
has set aside the impugned order for Excise Duty demand of Rs. 58.53 Lakhsrelating to
Kamareddy Unit of the Company.

The Customs, Excise and Service Tax Appellate Tribunal, Regional Bench at Hyderabad
yet to hear relating to Nizamsagar Unit Demand of Rs 80.29 Lakhs.

31. DETAILS OF REVISION OF FINANCIAL STATEMENT OR THE REPORT

During the period under review, there was no revision of financial statement or the Report

32. CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

The policy on dealing with Related Party Transactions is disseminated on the website of
the company at http://www.gayatrisugars.com/CorpPolicies.html

All the related party transactions by the Company during the year 2024-25 were on an
arms' length basis and were in the ordinary course of business and as such the provisions of
section 188 are not attracted. There are no materially significant Related Party Transactions
with Promoters, Directors, Key Managerial Persons or other designated persons during the
year.

The details of Related Party Transactions entered by the Company in the ordinary course of
Business at arm's length basis are detailed in the notes forming part of the financial
statements.

33. DEPOSIT:

During the year, your Company has not accepted any deposits, within the meaning of
Section 73 of the Companies Act, 2013 read with Companies (Acceptance of Deposits)
Rules, 2014. No amount on account of principal or interest on deposits from public was
outstanding as on Balance Sheet date. Further, the Company has received an amount of
Rs. 1279 lakhs from related parties which are exempted from the definition of Deposit. The
outstanding Secured and unsecured loan balances which were exempted from the definition
of Deposit as on 31st March 2025 is Rs. 17989.40 lakhs.

34. REGISTRAR AND SHARE TRANSFER AGENT:

During the year under review, M/s. Venture Capital and Corporate Investments
Private Limited is the Registrar and Transfer Agent of the Company.

35. DOWN STREAM INVESTMENT

The Company neither have any Foreign Direct Investment (FDD nor invested as any Down
Stream Investment in any other Company in India

36. CORPORATE GOVERNANCE AND SHAREHOLDERS INFORMATION:

Your Company has taken adequate steps to adhere to all the stipulations laid down in
Regulation 34 read with Schedule V of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015. A report on Corporate Governance is included as a part
of this Annual Report as Annexure -V. Certificate from the practicing Company Secretary
confirming the compliance with the conditions of Corporate Governance as stipulated
under aforesaid regulations is attached to this report.

37. PARTICULARS OF EMPLOYEES:

Details in respect of remuneration paid to employees as required under Section 197(12) of
the Companies Act, 2013, read with Rule 5(2) & (3) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, as amended forms part of this report.
In terms of Section 136 of the Companies Act, 201 3 the same is open for inspection at the
Registered Office of the Company. Copies of this statement may be obtained by the members
by writing to the Company Secretary at the Registered Office of the Company.

The ratio of the remuneration of each Director to the median employee's remuneration
and other details in terms of Section 197(12) of the Companies Act, 2013 read with Rule
5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014, are enclosed in Annexure - VI and forms part of this Report.

38. LISTING WITH STOCK EXCHANGES:

The Company confirms that it has paid the Annual Listing Fees for the year 2025-26 to BSE
Limited where the Company's Shares are listed.

39. FRAUD REPORTING:

There have been no instances of frauds reported by the Auditors under Section 143(12) of
the Companies Act, 2013 and the Rules framed there under, either to the Company or to
the Central Government.

40. DEPOSITORY SYSTEM:

Your Company's Equity Shares are available for dematerialization through National
Securities Depository Limited (NSDL) and Central Depository Services (India) Limited
(CDSL).

41. STATEMENT OF DEVIATION OR VARIATION

During the year, the Company successfully raised funds from the public through private
placement and preferential issue basis. The funds were raised in accordance with the
provisions of the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure
Requirements) Regulations, 2018.

All proceeds from these issuances were utilized strictly for the purposes outlined in the
Notice and Private Placement Offer Letter that was circulated to the Allottees prior to the
issuance. The Company has ensured that the funds were deployed in line with the objectives
stated, maintaining full compliance with regulatory requirements and commitment to
transparency with its stakeholders. The utilization of funds has been closely monitored and
reviewed by the Board of Directors to ensure adherence to the planned objectives

42. COMPLIANCE WITH THE MATERNITY BENEFIT ACT, 1961

The Company has complied with the provisions of the Maternity Benefit Act, 1961, including
all applicable amendments and rules framed there under. The Company is committed to
ensuring a safe, inclusive, and supportive workplace for women employees. All eligible
women employees are provided with maternity benefits as prescribed under the Maternity
Benefit Act, 1961, including paid maternity leave, nursing breaks, and protection from

dismissal during maternity leave.

The Company also ensures that no discrimination is made in recruitment or service conditions
on the grounds of maternity. Necessary internal systems and HR policies are in place to
uphold the spirit and letter of the legislation.

43. GENDER-WISE COMPOSITION OF EMPLOYEES

In alignment with the principles of diversity, equity, and inclusion (DEI), the Company
discloses below the gender composition of its workforce as on the March 31,2025.

Male Employees: 652

Female Employees: 8

Transgender Employees: -

This disclosure reinforces the Company's efforts to promote an inclusive work place culture
and equal opportunity for all individuals, regardless of gender.

44. AWARDS AND ACCOLADES:

The company bagged the following Awards from South India Sugar Cane and Sugar
Technologists Association (SISSTA) for the oast years from 2012-13 onwards:

45. Other Disclosures:

a. There are no proceedings initiated/pending against Your Company under the Insolvency
and Bankruptcy Code, 2016 which materially impact the business of the Company.

b. There were no instances where Your Company required the valuation for onetime
settlement or while taking the loan from the Banks or Financial institutions.

c. There were no failure instances occurred to implement corporate actions

d. No delay in holding the annual general meeting

e. The shares of the Company have been listed and traded on the BSE Limited. The
securities of Company have not been suspended from trading on BSE Limited.

46. ACKNOWLEDGEMENTS:

Your Directors would like to acknowledge and place on record their sincere appreciation
to all stakeholders, clients, Banks, Central and State Governments, the Companies' valued
investors and all other business partners for their continued co-operation and excellent
support received during the year.

Yours Directors recognize and appreciate the efforts and hard work of all the employees of
the Company and their continued contribution to its progress.

For and on behalf of the Board of Directors

sd/- sd/-

(T. SARITA REDDY) (T.V. SANDEEP KUMAR REDDY)

Place: Hyderabad Managing Director Vice Chairman & Director

Date: August 6, 2025 DIN: 00017122 DIN: 00005573