Your Directors have pleasure in presenting the 30^th Annual Report containing the Audited Financial
Stafementepftbfi Company for the Financial Year ended 31^y March. 2025,

1. FINANCIAL RESULTS:

2, PERFORMANCE:

During Ihe Financial Year under review your Company has recorded a Turnover of Rs.22,735.39
Lakhs (Previous Year Rs.29.25A.45 Lakhs) The Profit / (Loss) before Finance Cost and
Depreciation is Rs. 1.975.99 Lakhs, ProTii; (Loss) before Tax is Rs.53Q 03 Lakhs. The Profit/ (Loss)
after Tax is Rs,(172.24) Lakhs

3.. DIVIDEND;

The Board of Directors recommends a dividend of Re.0.10 per Equity Share of Face Value of Re.1/-
each in the Paid-up Share Capital of the Company for the year ended 31/03/2025. The dividend
recommended, if approved by the Shareholders at the ensuing Annual General Meeting will be paid
by the Company within the stipulated lime,

4. SHARE CAPITAL AND RESERVES:

The Share Capital of the Company is Rs.1.133.65 Lakhs. During the year under review, your
Company has not issued any type of Shares. Hence, there is no change in the share capilai of the
Company.

The total Reserves and Surplus stood at Rs. 35,393.17 Laktis as on 31/03/2025 as against Rs
35,354.33 Lakhs as on 31/03/2024.

5. SUBSIDIARY COMPANIES:

Your Company has two Wholly-Owned Subsidiaries, viz, The Enrico Ý K.C.P. Limited and KCP
Sugars Agricultural Research Farms Limited Both the Wholly-Owned Subsidiaries are Unlisted
Companies. The Eimco - K.C.P. Limited is a Material Subsidiary of the Company, in lerms of
Regulation 16 (1) (cj of SEBl (Listing Obligations and Disclosure Requirements] Regulations,
2015. There has been no material change in the nature of business of the Subsidiaries,

A Statement containing Salient Features oF Ihe Fmancial Statements of the Subsidiary Companies
in Form - AOC -1 is annexed hereto as 'Schedule - V.

6* MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

A comprehensive discussron and analysis of the outlook ot Industry and the financial and
operational performance of Ihe Company Is contained In the Management Discussion and Analysis
Report, annexed hereto as 'Schedule - II*

7* CORPORATE GOVERNANCE REPORT:

Pursuant to Regulation 34 (3) read with Schedule V oi SEES! [Listing Obligations and Disclosure
Requirements) Regulations, 2015, Report on Corporate Governance along with the Compliance
Certificate confirming the compliance ot conditions of Corporate Governance given by the
Statutory Auditor of the Company is annexed hereto as’Scheckile - HI¹

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

Information relating to Conservation of Energy, Technology Absorption, Foreign Exchange
Earnings and Outgo, as required under Section 134 (3) (m)of the Companies Ac! 2013 read with
Rule 3 of the Companies (Accounts) Rules, 2014. is annexed hereto as'Schedule-IV¹

9. CORPORATE SOCIAL RESPONSIBILITY fCSRl:

The details of CSR Policy of the Company and the measures / activities taken by the Company on
CSRduring the Financial Yearunder review, as required under Rule 8 of the Companies (Corporate
Social Responsibility Policy] Rules, 2014 js annexed hereto as ‘Schedule - V'

10. DISCLOSURE ON REMUNERATION OF DIRECTORS AND EMPLOYEES:

Disclosure as required under Section 197 (12) of Ihe Companies Act 2013 read with Rule 5 of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 rotating to
details of remuneration of directors and certain employees. Is annexed hereto as ‘Schedule - Vl\
The remuneration paid lo the Directors and Key Managerial Personnel is as per the Nomination
arid RemuneraUcn Policy of the Company

11. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

During the Financial year, all the related party transactions entered by the Company were normal
business transaciions in the ordinary course of business and on arm's lengih basts end there were
no Iransactions requiring approval of Ihe Shareholders. However prior approval of the Audit
Committee was sought for entering into the Related Party Transactions as required under

Companies Act, 2013 read wilh rules made thereunder and Regulation 23 (2) of SEBJ Listing
Regulations, 2015 Further, the details of Related Party Transactions entered into by the Company
pursuant to each of Ihe omnibus approvals given are also placed before the Audit Committee tor
its review on a quarterly basis. During Financial Vear 2024 - 2025, there were no material related
party transactions in terms of Regulation 2 3 of the SEBI Listing Regulations. 2015

Pursuant to Section 134(3)fh) oi the Companies Act, 2013 and Rule 8 (2) of Ihe Companies
(Accounts) Rules. 2014 Disclosure of Particulars of Contracts / Arrangements entered into by the
Company with the related parties in terms of Section 138 (1) of the Companies Act, 201 J in Form
AOC- 2. is annexed hereto as 'Schedule - VIP.

12 SECRETARIAL AUDIT:

The Board of Directors of the Company in its Meeting held on 29/05/2024. appointed
Ms. Rajashree Sartthanam, Practising Company Secretary as Secretarial Auditor for the Financial
Year 2024* 2025

In pursuance of Section 204 of the Companies Act, 2013, the Secretarial Audit Report of the
Company, is annexed hereto as 'Schedule VIIIV

The Secretarial Audi! RepCin for the Financial Year 2024 - 2025 does not con lain any adverse
remark, qualification or reservation or disclaimer winch requires any explanation / comments by the
Board The Secretarial Audit Report is forming part of this Annual Report.

13. SECRETARIAL STANDARDS:

Pursuant to Section lifl (10) of ihe Companies Act, 2013, ihe Company observes Secretarial
Standards with respect to General and Board Meetings, prescribed by the institute of Company
Sec reiariesof India.

14. ACCOUNTING STANDARDS:

The Company adheres to the Accounting Standards as applicable to il and Ihe re are no deviations,
in this respect.

15. UNCLAIMED SUSPENSE ACCOUNT:

'The voting rights on Ihese shares (mentioned above) remain frozen till the rightful owner of such
shares claims the shares

16, DIVIDEND DISTRIBUTION POLICY:

The objective of the Dividend Distribution Policy is to ensure right balance between the quantum
of dividend paid and amount of profils to be retained in die business for various purposes.
Towards this objective, Ihc following key parameters are considered Tor declaration of dividend.

(i] Internal Factors {Financial Parameters):

^ N e l Ope ra ti ng P r of it after Tax:

> Working Capital Requirements.

^ Capilal Expenditure Requirements:

> Cash reqi lired to meet contingencies:

> Outstanding Borrowings: and
^ Past Div i d e nd Trends.

(li) External factors:

^ Statutory requirements under applicable law for the time being in force, and
^ Dividend Payout Ratios of companies in the same Industry.

17. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS AS REQUIRED UNDER
SECTION 186 OF THE COM PANIES ACT. 2013:

No loan / guarantee / investment is given / made by She Company, in terms of Section 186 of the
Com panics Act, 2013 during the Financial Year 2024 - 2025.

IB, CASH FLOW STATEMENT:

In compliance with [he provisions of Section 134 of Companies Act, 2013 and Regulation 34{2)[c)
of SEBI (Listing Obligations end Disclosure Requirement) Regulations, 2015, the Cash Flow
Statemenl ter the financial year ended 3V'¹ March, 2025 forms pad of Ihis Annual Report.

19. MATERIAL CHANGES AND COMMITMENT:

There IS no change in the nature of business of the Company during the Financial Year under
review. There are no material changes or commitments articling the financial position of Ihe
Company occurred between the end of the financial year (31/03/2025) and the date of Directors'
Report.

20, BOARD MEETINGS:

The Board of Directors met 4 [four) times during the financial year ended 31^al March, 2025 l.e.,
29/05/2024, 10/07/2024, 29/10/2024 and 1G/02/2Q25.

Trie gap between !he Board meetings was within the maximum period prescribed under the
Companies Ad. 2013 and SEBI [Listing Obligations and Disclosure Requirements) Regulations.
2015 and as emended and notified from lime to time.

Detailed slatemenl of allendance of directors at the Board Meenngs and other meeiing of all
Committees held during the financial year ended 3P¹ March, 2025 are given in the Corporate
Governance report which is forming part of this Annual Report.

21 PASSING OF RESOLUTION BY CIRCULATION:

During the financial year, there were two resolutions passed by the Board of Directors, through
circulation

22. CHANGE IN DIRECTORS AND KEY MANAGERIAL PERSONNEL:

I. Retirement by Rotation and Re-appointments

Pursuant to Section 152(6 )(c) of Companies Act 2013. Ms.lrmgard Velagapudi Director of the
Company who retires by rotation and being eligible for re-appointment, offers herself for re¬
appointment as a Director of the company and the same is being placed before the 3(F Annual
General Meeting for approval of shareholders of the Company,

23. AUDIT COMMITTEE:

PursuanL to Section 177i8) of Companies Act 2013. the Company has constituted an Audit
Committee. The particulars of composition of the Audit Committee meetings held during the
year and other particulars have been detailed in the Corporate Governance Report forming part
ot this Annual Report.

24. DETAJLS OF RECOMMENDATIONS OF AUDIT COMMITTEE WHICH WERE NOT ACCEPTED
BY THE BOARD ALONG WITH REASONS:

The Audit Committee generally makes certain recommendations lo the Board of Directors of the
Company during Iheir meetings held to consider any financial results (Unaudited and Audited) and
such other mailers placed before the Audil Committee as per the provisions of Companies Ad.
2013 and SEBl (Listing Obligations and Disclosure Requirements) Regulations. 2015 from lime to
time During the year the Board of Directors has considered all the recommendations made by the
Audil Committee and has accepted and carried on the recommendations suggested by the
Committee to its satisfaction Hence, there are no recommendations which were unaccepted by
the Board of Directors of the Company during the year under review.

25. STATUTORY AUDITOR;

M/s, B Purus hottam & Co. Chartered Accouniants, Chennai <FRM: G0280BS) ts the Statutory
Auditor of the Company for the Financiaf Year under review and holds office upto the conclusion
of 32™ Annual General Meeting of the Company

The Statutory Auditor was originally appointed at the 27^lh Annual General Meeting nit he Company
field on 28fG9/2022 for a period of five years from the conclusion of 27^b! Annual General Meeting
upto the conclusion of 32"^cl Annual General Meeting

The Report of the Statutory Auditor on the Financial Statements of the Company is annexed to this
Annual Report There are no qualifications or reservations or observations or adverse remarks or
disclaimers in the said Statutory Auditor's Report.

26. COST AUDIT:

The Company is required to maintain Cost Records in terms ot Section 14B (1) of the Companies
Act, 2013 and I he Company maintains such Cost Records, in terms ol applicable law. The Cost
Auditor M/s. SRR & Associates for me Financial Year 2024 - 2025, had conducted Cost Audil of
Products of the Company such as Sugar, Electricity, Industrial Alcohol, Bio-Fertilisers, Calcium
Lactate, Carbon dioxide at Vuyyuru. Knshna District. Andhra Pradesh. The Cost Audit Reports are
duly filed with the Ministry of Corporate Affairs,

The Beard of Directors of the Company cased on the recommendalion of Audit Committee, has
appointed M/s. SRR & Associates. Cost Accountants. Chennai [FRN 000992) as Cost Auditor of
the Company tor conducting Cost Audit tor the Financial Year ending 31/03/2025.

In terms of Section MS read with Section 141 of lhe Companies Act, 2013. M/s.SRR A Associates
has confirmed that the Firm satisfies the eligibility conditions, prescribed th^em and nol
disqualified in any way for appointment as Cost Auditor of the Company. The said Firm has also
given a Certificate on its independence and Arms length relationship with the Company

27. INTERNAL AUDIT:

Pursuant to Section 138 (1) of the Companies Act, 2013, the Company had appointed M/s. Vimala
and Pankaj Chartered Accountants (FRN: 001G3&5S). as Internal Auditor of the Company to
conduct internal audit for the Financial Year 2D24 - 2025. The tntarnal Auditor has submitted his
reports lo lhe Audit Committee and Board of Directors of lhe Company, periodically.

28. CREDIT RATINGS:

CARE Ratings Limited has given the Credit Ratings of your Company os^hCARE A-; Sfab/e^Smy/e
A Minus: Outlook: Stable) for Long Term Bank Facilities. CAR£A2 *(A Two Plus) for Short
Term Bank Facilities and 'CARE A-; Stable’ (Single A Minus; Outlook: Stable) for Fixed
D epo s it Programm e.

29. ISO CERTIFICATION:

-₈ - - - - —s — -r - - -8

Your Company continued lo be certified with ESO 14001:2015, ISO 9001:2015 and OHSAS
45001’2018 for manufacture of sugar and derivatives thereof, distillery products calcium lactate,
bio-fertilizers, solid and liquid carbon dioxide mycorrhiza, cogeneration of electricity and associated
acli vies by Lloyd's Register Quality Assurance Limited.

30. FIXED DEPOSITS:

As on 31/03/2025. the amount of Deposits held by the Company stands at Rs.6584.25 Lakhs
(Including Unclaimed Deposits) as against Rs.6282 42 Lakhs as on 31/03/2024 Deposes accepted
during lhe Financial Year under review is Rs.t031.89 Lakhs. As at 31/03/2025. the Matured and
Unclaimed Deposits stands at Rs. 129.62 Lakhs in respect of 95 Deposits.

31. TRANSFERS TO THE INVESTOR EDUCATION AND PROTECTION FUNDflEFFl:

Pursuant to Section 124 of (he Companies Act, 2013 (''lhe Act") read With lhe Investor Education
and Protection Fund Authority (Accounting, Audit. Transfer and Refund) Rules. 2916 ("The Rules"),
all unpaid oi unclaimed dividends are required to be transferred by the Company to the Investor
Education and Protection Fund (IEPF) established by lhe Central Government, after completion of
seven consecutive years from the date of transfer of such amount to unpaid dividend account
Further, according to the Rules, lhe shares in respect of which dividend has not been paid or claimed
for seven consecutive years or more shall also be transferred lo the domat account of IEPF Authority.

During this year 92SG6 shares in respect of unclaimed dividend and dividend amount of
Rs.37,88,672 pertaining to the year 2016 - 17 were liable to be transferred to the IEPF authority and
your Company has duly complied with the requirements.

As regards unpaid deposits, an amount towards interest of Rs.3,58,325 was transferred lothe IEPF
authority during the year under review.

Further, Members / claimants whose shares, and ! or unclaimed dividend which have been
transferred pertaining to the earlier financial years to the IEPF Demat Account or the Fund as the
case may be may claim the shares or apply for refund of dividend by making an appficalron to the
IEPF Authority in Form IEFF-5 {available on hrtp://www iepf.gov in) along with requisite fee as
prescribed by the IEPF Authority from time to time.

32. DIRECTORS¹ RESPONSIBILITY STATEMENT:

Pursuant to Section 134{3)jci read with Section 134(5) of the Companies Act. 2013, the Directors
of your Company slate as follows

(a) lhal in the preparation of the Annual Accounts the applicable Accounting Standards have
been followed end lhai there were no material departures therefrom;

(b) that the Directors had selected such accounting policies and applied them consistency and
made judgments and estimates lhal 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, il/Q3/2G25 and of
the Profit I Loss of Ihe Company for that period:

ft} that the Directors had taken proper and sufficient care for the maintenance o! adequate
accounting records in accordance with the provisoes of ihe Companies Acl. 20 Ý 3 for
safeguarding the assets of (he Company and for preventing and detecting fraud and other
irregularities'

(cl) ihat the Directors had prepared the Annual Accounts on a going concern basis;

le) that 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;

(f) that the Directors had devised proper systems to ensure compliance with Ihe provisions of all
applicable laws and that such systems wore adequate and operating effectively

33. ACKNOWLEDGEMENT ;

Your Directors would like to lake this opportunity io express Iheir deep sense of gratilnae to Ihe
Shareholders, Cane Growers, Sugar Dealers. Business Associates, Depositors. Bankers.
Institutions, Central and State Governments and also other Regulatory Authorities for their continued
support and cooperation

Your Directors place on record (heir sincere appreciation for the corrmnilment. dedication and hard
work of a II the employees of the Company

// BY ORDER OF THE BOARD'/
VINOD R.SETHI

Place: Chennai CHAIRMAN

Dale : 13/08r2025 DIN: 00106598