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You can view full text of the latest Director's Report for the company.

ISIN: INE0L2Y01011INDUSTRY: Consumer Electronics

NSE   ` 111.70   Open: 114.50   Today's Range 110.00
115.10
+1.50 (+ 1.34 %) Prev Close: 110.20 52 Week Range 70.80
164.00
Year End :2025-03 

Your directors have pleasure in presenting their 12th Annual Report and the Company’s Audited
Financial Statements for the financial year ended on 31st March, 2025.

1. FINANCIAL RESULTS OF THE COMPANY:

The Company’s financial performance for the year ended 31st March 2025 is summarized below:

(Amount in Rs. Lakhs)

Standalone Statement

Consolidated Statement

Year Ended

Year Ended

Year Ended

Year Ended

Particulars

31.03.2025

31.03.2024

31.03.2025

31.03.2024

Revenue From Operation

6,515.75

5,468.98

6,989.35

5,474.16

Other Income

19.71

53.24

19.71

53.24

Total Income

6,535.46

5,522.22

7,009.06

5,527.40

Profit Before Interest and

1,125.89

902.72

1288.62

904.04

Depreciation

Less: - Finance Cost

227.38

158.97

227.38

158.97

Less: - Depreciation

109.29

77.41

110.18

77.42

Profit Before Exceptional Item

789.22

666.34

951.06

667.65

and Tax

Exceptional Item

-

-

-

-

Profit Before Tax

789.22

666.34

951.06

667.65

Less: - Provision for Tax

212.59

170.89

242.37

171.05

Current Tax

Current tax expense relating to

prior years

(18.85)

9.06

Deferred Tax Assets/Liability

(18.79)

8.97

Net Profit After Tax

595.42

486.48

727.54

487.53

Transfer to General Reserve

595.42

486.48

727.54

487.53

Surplus carried to Balance Sheet

595.42

486.48

727.54

487.53

Earnings per equity share:

Basic

Diluted

3.52

3.52

5.75

5.75

4.30

4.30

5.76

5.76

Proposed Dividend on Equity Shares

-

-

-

-

Tax on proposed Dividend

-

-

-

-

2. STATE OF COMPANY’S AFFAIRS, RESULT OF OPERATION AND FUTURE OUTLOOK:
STATE OF COMPANY’S AFFAIRS:

Arham Technologies Limited is engaged in manufacturing of LED Smart Televisions, with different
screen sizes under our brand ‘STARSHINE’. Your Company also manufacture Fans, BLDC Smart
Fans, Air Coolers, Washing Machines and Mixer Grinders, through third party manufacturers under
our brand ‘STARSHINE’. We have network of dealers and distributors across Chhattisgarh, Madhya
Pradesh, Odisha, Vidarbha, Andhra Pradesh and parts of Uttar Pradesh.

RESULT OF OPERATION:

During the year under review, the performance of the Company remained satisfactory. The financial
highlights are summarized below:

> The Standalone Gross Revenue of the Company stood at INR 6,515.75 Lakhs, while the
Consolidated Gross Revenue stood at INR 6,989.35 Lakhs.

> The Gross Profit before interest, depreciation, and tax amounted to INR 1,125.89 Lakhs on a
standalone basis and INR 1,288.62 Lakhs on a consolidated basis.

> The Net Profit after tax stood at INR 595.42 Lakhs on a standalone basis and INR 727.54
Lakhs on a consolidated basis.

The consistent growth in both standalone and consolidated performance reflects the Company’s
focus on operational efficiency, financial discipline, and strengthening its business fundamentals.
The management continues to remain committed towards enhancing shareholder value through
sustained growth and profitability.

FUTURE OUTLOOK:

Arham Technologies is poised for an accelerated growth trajectory, powered by strategic market
expansion, product innovation, and backward integration capabilities. While we had earlier
announced our plans to enter the Electric Vehicle (EV) space, we have strategically placed this
initiative on hold. Given the evolving dynamics of the EV sector and the fact that our current
expansion roadmap is positioned to deliver superior growth in the near-to-midterm, this calibrated
decision allows us to optimize resources and focus on immediate high-potential opportunities.

> Penetration into Southern India:

We are aggressively scaling into Southern India—a market defined by entrenched brand
loyalty and long-cycle consumer stickiness. By deploying a targeted go-to-market (GTM)
strategy, leveraging regional distribution networks, and investing in hyperlocal marketing,
we aim to capture significant wallet share and establish enduring market leadership.

> Government Contracts as Growth Catalyst:

Public sector contracts present a high-volume, recurring revenue channel with minimal credit
risk. By aligning with government procurement programs for electronics and institutional
needs, we are embedding ourselves directly into national infrastructure initiatives—driving
both topline acceleration and brand credibility.

> International Market Expansion:

Exports represent a transformational lever. We are intensifying our footprint across Asia, the
Middle East, and Africa, where demand for Indian-manufactured appliances—particularly
ceiling fans—is surging due to their proven efficiency, affordability, and reliability. Our
strategy combines robust channel partnerships, trade-led distribution, and targeted branding
to position Arham as a trusted name in these emerging economies.

> Backward Integration for Design & Cost Leadership:

By internalizing sheet metal fabrication and injection moulding for TV, cooler, and select fan
components, we are moving up the value chain. This backward integration not only reduces
procurement dependencies and input costs but also enhances design agility, enabling faster
new product development (NPD), superior industrial design execution, and IP creation. We
are further planning capex investments through our subsidiary company Arham Corporate
Pvt Ltd. to strengthen this vertical and ensure long-term competitiveness.

> Growth via Interactive Flat Panels & Large Sized Televisions:

We recently announced a ?18.5 Cr capex to expand our large-size television production
capacity and introduce interactive flat panels. Additionally, the recent GST reduction from
28% to 18% on large-size TVs further enhances affordability, unlocking wider consumer
adoption and creating a significant uplift in our revenue trajectory.

The Interactive Flat Panel (IFP) category is experiencing an exponential adoption curve across
education and enterprise segments. Our entry into this high-margin, technology-driven vertical will
significantly augment the topline and diversify our revenue base while strengthening our positioning
as a holistic electronics solution’s provider.

3. CHANGE IN NATURE OF BUSINESS, IF ANY:

There is no change in the nature of the business of the Company during current financial year.

4. CONSOLIDATED FINANCIAL STATEMENT:

The company has incorporated a Wholly Owned Subsidiary Company dated on 19th January, 2024
named “Arham Corporate Private Limited”. Accordingly, the company has prepared consolidated
financial statements of the Company and its subsidiaries for FY 2024-25 have been prepared in
compliance with the applicable provisions of the Companies Act, 2013 ('the Act') and as stipulated
under Regulation 33 of SEBI Listing Regulations as well as in accordance with the Indian Accounting
Standards notified under the Companies (Indian Accounting Standards) Rules, 2015. The audited
consolidated financial statements together with the Independent Auditor’s Report thereon form part
of this Annual Report.

Pursuant to Section 129(3) of the Act, a statement containing the salient features of the Financial
Statement of the subsidiary companies is attached to the Financial Statement in Form AOC-1
attached as per annexure-I.

Further, pursuant to the provisions of Section 136 of the Act, the Company will make available the
said financial statement of the subsidiary companies upon a request by any Member of the Company
or its subsidiary company. These financial statements of the Company and the subsidiary companies
will also be kept open for inspection by any member. The members can send an e-mail to
support@arhamtechnologies.co.in/ cs@arhamtechnologies.co.in upto the date of the AGM and the
same would also be available on the Company’s website URL:
https://www.arhamtechnologies.co.in/annual-report

5. DIVIDEND:

In view of the prevailing business scenario, there is need to conserve funds for the Company. The
Board of Directors, therefore, does not recommend any Dividend for the financial year ended
31st March, 2025.

6. TRANSFER TO RESERVES IN TERMS OF SECTION 134 (3) (J) OF THE COMPANIES
ACT, 2013:

The company has transferred INR 595.42 Lakhs to the General Reserves during the current financial
year.

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

There are no material changes and commitment affecting the financial position of the Company which
has occurred between the end of the financial year of the Company to which the financial statements
relate and the date of the report.

8. INFORMATION ABOUT SUBSIDIARY/ JOINT VENTURE / ASSOCIATE COMPANY AND
DETAILS OF COMPANIES WHICH HAVE BECOME OR CEASED TO BE ITS
SUBSIDIARIES, JOINT VENTURES OR ASSOCIATE COMPANIES DURING THE YEAR
ALONG WITH REASONS THEREFORE:

The company does not have any joint venture or associate Company. The company has Incorporated
a Wholly Owned Subsidiary Company dated on 19th January, 2024 named “Arham Corporate
Private Limited”.

9. TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND
PROTECTION FUND:

The provisions of Section 125(2) of the Companies Act, 2013 do not apply as there was no dividend
declared and paid during the year.

10. MEETINGS OF THE BOARD OF DIRECTORS:

NUMBER OF MEETING OF THE BOARD:

During the financial year ended 31st March 2025, your directors held 7 (Seven) meetings. The
dates of Board Meetings are: -

Sr.

No.

Date of meeting

Total No. of Directors on
the Date of Meeting

No. of
Directors
attended

% of

Attendance

1

15.05.2024

6

6

100

2

29.05.2024

6

6

100

3

05.09.2024

6

6

100

4

22.10.2024

6

6

100

5

14.11.2024

6

6

100

6

29.01.2025

6

6

100

7

31.03.2025

6

6

100

11. AUDITOR’S REPORT:

There are no qualifications or observation or adverse remarks in the Auditors’ Report which require
any clarification/ explanation. Moreover, notes on financial statements are self-explanatory and needs
no further explanation. Hence Board of Director are not required to give any comment under section
134 (3) (f) of Companies Act, 2013.

12. AUDITORS

A. Statutory Auditors:

M/s. Badhan & Co, Chartered Accountants (FRN. 0004008C), have successfully conducted the Statutory
audit of Company for the financial year end 31st March 2025. M/s. MRCA & Associates, Chartered
Accountants (FRN: 012690C), Raipur have resigned as Statutory Auditors of the Company which has
caused casual vacancy. To fill such casual vacancy, pursuant to the recommendations of Audit
Committee the Board has proposed M/s. Badhan & Co, Chartered Accountants (FRN: 0004008C),
Chartered Accountants as the Statutory Auditors of the Company upto the Seventeen Annual general
Meeting of the Company for 5 (five) consecutive Financial Years.

Further, pursuant to Section 139 of the Companies Act, 2013 M/s. Badhan & Co, Chartered Accountants
(FRN. 0004008C) have expressed their willingness to such appointment as Statutory Auditors. They
have further confirmed that if appointed, their appointment would be in pursuance to the provisions of
Section 139 and 141 of the Companies Act, 2013 and the Companies (Audit and Auditors) Rules, 2014.

B. Secretarial Auditors:

During the year, the Company has appointed M/s. Abhishek Jain & Associates Practicing Company
Secretaries, a Peer Reviewed Firm, as a Secretarial Auditor pursuant to Section 204 of the Companies
Act, 2013 and Rule 9 of Companies (Appointment and Remuneration of Managerial Personnel) Rules,

2014 for conducting secretarial audit of the company for the financial year 2024-25. The Secretarial
Audit Report as required under section 204 of the Companies Act, 2013 and Rule 9 of Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 in the Form MR-3 is annexed
herewith for your kind perusal and information as Annexure-III.

C. Cost Auditor:

Appointment of Cost Auditor pursuant to provisions of Section 148 of the Companies Act, 2013 is not
applicable to the Company.

D. Internal Auditor:

During the year, the Company has appointed M/s. Agrawal Bafna & Associates, Chartered
Accountants (FRN: 027234C), Durg, Chhattisgarh, as an Internal Auditor pursuant to Section 138 of
the Companies Act, 2013 to ensure the routine internal audits and controls.

11. DETAILS OF DIRECTORS OR KEY MANAGERIAL PERSONNEL DURING THE
FINANCIAL YEAR ENDED 31.03.2025.

The Directors and KMP as on 31st March 2025 are as follows:

Sr. No.

Name

DIN

Designation

Date of
Appointment

1.

Mr. Ankit Jain

AIGPJ7531B

Chief Financial Officer

02/06/2022

2.

Mr. Ankit Jain

06381280

Director

27/12/2013

3.

Mr. Anekant Jain

06732591

Director

27/12/2013

4.

Mr. Anekant Jain

AVGPJ0208C

Chief Executive Officer

02/06/2022

5.

Mr. Manish Kumar
Agrawal

09781023

Independent Director

01/06/2023

6.

Mr. Saurabh Agrawal

07472972

Independent Director

25/06/2022

7.

Mr. Roshan Jain

06381291

Managing Director

25/06/2022

8.

Mrs. Rukmani Jain

06381287

Non-Executive Woman
Director

25/06/2022

9.

Mrs. Pooja Avinash
Gandhewar

AORPT2638G

Whole Time Company
Secretary

05/08/2022

12. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL AND THEIR
SHAREHOLDING:

A Remuneration Of Directors

Name

Ankit Jain

Anekant Jain

Roshan Jain

Designation

Executive Director

Executive Director

Managing Director

Shareholding

Number of Shares

3516000

2268000

3924000

Remuneration

Basic & D. A

12,75,000

12,75,000

12,75,000

Special Allowance

-

-

-

HR. A

-

-

-

Transportation

-

-

-

Washing Allowance

-

-

-

Commission

-

-

-

LTA

-

-

-

Medical

-

-

-

Total

12,75,000

12,75,000

12,75,000

B. Remuneration of Key Managerial Personnel

Name

Pooja Avinash Gandhewar

Designation

Company Secretary cum

Compliance officer

Salary

2,64,000

13. PARTICULARS OF EMPLOYEES

Disclosure pertaining to remuneration and other details as required under 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 given in the Annexure-IV forming part of this report.

14. DISCLOSURES PURSUANT TO SECTION 197 (14) OF THE COMPANIES ACT, 2013:

No Managing Director or Whole-Time Director of the Company was in receipt of any remuneration
or commission from the Company's Holding or Subsidiary companies during the financial year.

15. LOANS, GUARANTEES AND INVESTMENTS: -

During the financial year 2024-25, the Company did not provide any loans or guarantees or made
investment in its subsidiaries, joint ventures, associate companies, other corporate entities, or individuals.

16. DEPOSITS:

The Company has not accepted/ renewed any deposits for the year ended 31st March, 2025.

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

The information on conservation of energy, technology absorption and foreign exchange earnings and
outgo stipulated under Section 134 (3) (m) of the Companies Act, 2013 read with Rule, 8 of The
Companies (Accounts) Rules, 2014, is annexed herewith as “ANNEXURE V”.

18. DISCLOSURE UNDER SEXUAL HARRASSMENT OF WOMEN AT WORK PLACE
(PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013:

The Company has zero tolerance for sexual harassment at workplace. It has adopted the policy on
prevention, prohibition and redressal of sexual harassment at workplace in line with the provision of
sexual harassment of woman at workplace (prevention, prohibition and redressal) Act, 2013 and the
rules thereunder for prevention and redressal of complaints of sexual harassment at work place.

The Company has not received any complaint regarding sexual harassment during the Financial Year
2024-25.

19. CORPORATE SOCIAL RESPONSIBILITY:

The brief outline of the Corporate Social Responsibility ('CSR') Policy of the Company and the
initiatives undertaken by the Company on CSR activities during the year in the format prescribed in
the Companies ('CSR Policy') Rules, 2014 are set out in Annexure VI of this Report.

The Corporate Social Responsibility Committee comprises of

Name of the Directors

Nature of Directorship

Designation in
Committee

Mr. Roshan Jain

Managing Director

Chairman

Mr. Anekant Jain

Director

Member

Mr. Ankit Jain

Director

Member

The Committee met two times during the year. The brief outline of the corporate social responsibility
(CSR) policy of the Company is available on the website of the Company at
https://arhamtechnologies.co.in/committeesOfTheBoard.

20. DIRECTORS’ RESPONSIBILITY STATEMENT:

Pursuant to the requirement under section 134 (3) (c) of the Companies Act, 2013 with respect to
Directors’ Responsibility Statement, it is hereby confirmed that:

a) in the preparation of the annual accounts for the financial year ended 31st March, 2025, the
applicable accounting standards read with requirement set out under Schedule III of the
Companies Act, 2013 had been followed and there is no material departure from the same;

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 as at the end of the financial year 31st March, 2025 and of
the profit 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; and

e) 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.

21. DECLARATION BY INDEPENDENT DIRECTORS:

The Company has received necessary declaration from each independent director under Section 149
(7) of the Companies Act, 2013, that he/she meets the criteria of independence laid down in Section
149 (6) of the Companies Act, 2013 and Regulation 16 (1) (b) and 25 of SEBI (Listing Obligation and
Disclosure Requirements) Regulations, 2015.

22. A UDIT COMMITTEE: - {Section 177 (8)}

The Audit Committee had duly formed in line with the provisions of Section 177 (8) of the Companies
Act, 2013. The details of the Committee are available on the website of the Company at
https://arhamtechnologies.co.in/investor-relation/ and it comprises of following persons;

1. Mr. Saurabh Agrawal - Chairman

2. Mr. Manish Agrawal - Member

3. Mr. Ankit Jain - Member

Note: During the year under review, the composition of the Audit Committee of the company was not
changed.

Sr.

No.

Date of meeting

Total No. of Members on
the Date of Meeting

No. of
Members
attended

% of

Attendance

1.

15/05/2024

3

3

100%

2.

05/09/2024

3

3

100%

3.

14/11/2024

3

3

100%

4.

29/01/2025

3

3

100%

23. COMPANY’S POLICY ON DIRECTORS’ APPOINTMENT AND REMUNERATION
INCLUDING CRITERIA FOR DETERMINING QUALIFICATIONS
, POSITIVE ATTRIBUTES,
INDEPENDENCE OF A DIRECTOR AND OTHER MATTERS PROVIDED UNDER SUB¬
SECTION (3) OF SECTION 178:

The Nomination and Remuneration committee had duly formed in line with the provisions of Section
178 of the Companies Act, 2013. The details of the Committee are available on the website of the
Company at https://arhamtechnologies.co.in/investor-relation/ and it comprises of following persons;

1. Mr. Manish Agrawal - Chairman

2. Mr. Saurabh Agrawal - Member

3. Mrs. Rukmani Jain - Member

Note: During the year under review, the composition of the Nomination and Remuneration Committee
of the company was not changed
.

Sr.

No.

Date of meeting

Total No. of Members on the
Date of Meeting

No. of
Members
attended

% of

Attendance

1.

04/04/2024

3

3

100%

2.

03/09/2024

3

3

100%

24. STAKEHOLDER RELATIONSHIP COMMITTEE: - {Section 178}

The Stakeholder Relationship Committee had duly formed in line with the provisions of Section 178
of the Companies Act, 2013. The details of the Committee are available on the website of the Company
at https://arhamtechnologies.co.in/investor-relation/ and it comprises of following persons;

1. Mr. Manish Agrawal - Chairman

2. Mr. Ankit Jain - Member

3. Mrs. Rukmani Jain - Member

Sr.

No.

Date of meeting

Total No. of Members on
the Date of Meeting

No. of
Members
attended

% of

Attendance

1.

04/04/2024

3

3

100%

25. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS
OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY’S
OPERA TIONS IN FUTURE:

During the year under review there has been no such significant and material orders passed by the
regulators or courts or tribunals impacting the going concern status and company’s operations in future.

A Buy Back of Securities

The Company has not bought back any of its securities during the year under review.

B. Sweat Equity

The Company has not issued any Sweat Equity Shares during the year under review.

C. Bonus Shares

During the year under review, the Company has capitalized its reserves amounting to Rs. 8.46 lakhs
and issued Bonus Shares to the shareholders in the ratio of 1:1, thereby increasing the paid-up share
capital of the Company. The Bonus issue was made out of the Company’s free reserves, in
compliance with the provisions of the Companies Act, 2013 and rules made thereunder, and other
applicable statutory requirements.

The Board of Directors expresses its gratitude to the shareholders for their continued trust and support.

D. Employees Stock Option Plan (ESOP)

The Company has implemented the ATL Employee Stock Plan 2024 under which up to 169,200
equity shares of Rs. 10/- each may be allotted to eligible employees. The Company has received
in-principal approval from NSE for listing of these shares. The ESOP is designed to attract, retain,
and motivate employees by aligning their interests with the long-term growth and performance of the
Company, in accordance with SEBI (Share Based Employee Benefits) Regulations, 2021.

26. FORMAL ANNUAL EVALUATION:

Your Board has devised an Evaluation Policy for evaluating the performance of the Board, its
Committees, Executive Directors, and Independent Directors. Based on the same, the performance
was evaluated for the financial year ended March 31, 2025. As part of the evaluation process, the
performance of Non- Independent Directors, the Chairman and the Board was conducted by the
Independent Directors.

The performance evaluation of the respective Committees and that of Independent and Non¬
Independent Directors was done by the Board excluding the Director being evaluated.

The policy inter alia provides the criteria for performance evaluation such as Board effectiveness,
quality of discussion, contribution at the meetings, business acumen, strategic thinking, time
commitment, and relationship with the stakeholders, corporate governance practices, contribution of
the committees to the Board in discharging its functions etc.

27. RELATED PARTY TRANSACTIONS:

The particulars of every contract or arrangements entered into by the Company with related parties
referred to in sub-section (1) of section 188 of the Companies Act, 2013 are disclosed in Form No.
AOC-2 as Annexure-II.

28. INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The Company has adequate and efficient internal and external control system, which provides
protection to all its assets against loss from unauthorized use and ensures correct reporting of
transactions.

The internal control systems are further supplemented by internal audits carried out by the respective
Internal Auditors of the Company and Periodical review by the management. The Company has put in
place proper controls, which are reviewed at regular intervals to ensure that transactions are properly
authorized, correctly reported and assets are safeguarded.

29. RISK MANAGEMENT:

Your Board has adopted a well-defined process for managing its risks on an ongoing basis and for
conducting the business in a risk conscious manner. The Company has a structured and comprehensive
Risk Management Frame work under which the risks are identified, assessed, trace, monitored and
reported as a part of normal business practice. The Risk Management System is fully aligned with the
corporate and operational objectives. There is no element of risk which in the opinion of the Board may
threaten the existence of the Company.

30. MAINTENANCE OF COST RECORDS:

Maintenance of cost records as specified by the Central Government under sub-section (1) of Section
148 of the Companies Act, 2013, has been made and maintained by the Company.

31. VIGIL MECHANISM/WHISTLE BLOWER POLICY

In order to ensure that the activities of the Company and its employees are conducted in a fair and
transparent manner by adoption of highest standard of professionalism, honesty, integrity and ethical
behavior, the Company has adopted a vigil mechanism policy. The mechanism of whistle blower policy
is in place.

32. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

In terms of the provisions of Regulation 34 and schedule V of the SEBI (Listing Obligation and
Disclosure Requirements) Regulations, 2015 the Management’s discussion and analysis report is
annexed in Annexure-VI.

33. WEBSITE:

The Company is maintaining its functional website and the website contains basic as well as investor’s
related information. The link of website is https://arhamtechnologies.co.in/

34. CORPORATE GOVERNANCE:

As a good corporate governance practice the Company has generally complied with the corporate
governance requirements. Our disclosures seek to attain the best practices in corporate governance. We
also endeavor to enhance long-term shareholder value and respect minority rights in all our business
decisions.

As our company has been listed on EMERGE Platform (SME) of NSE Limited, therefore by virtue of
Regulation 15 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 the
compliance with the corporate Governance provisions as specified in regulation 17 to 27 and Clause
(b) to (i) of sub regulation (2) of Regulation 46 and Para C D and E of schedule V are not applicable to
the company. Hence, corporate governance report does not form a part of this Board Report, though we
are committed towards best corporate governance practices.

35. DETAILED REASON OR REPORT ON REVISION OF FINANCIAL STATEMENTS:

There is no revision of financial statement. Hence, it is not applicable to your company.

36. GENERAL MEETING:

The Directors state that the applicable secretarial standard i.e. SS-2, relating to ‘General Meeting’, has
been duly followed by the Company

Details of the General Meetings of the Company held during the financial year along with summary
of Resolutions passed thereat, as more particularly set out in the respective notices of such General
Meetings, as passed by the Members, are as follows:

AGM /EGM

Day, Date, Time and Venue

Particulars of Resolution

Extra Ordinary

Friday, 12th April, 2024 at

1. To Increase the authorised share

General

12:30 p.m. at Plot No. 15,

capital of the company and

Meeting

Electronic Manufacturing

consequential amendment in

Cluster, Sector 22, Village
Tuta, Atal Nagar, Nava Raipur
Chhattisgarh, 492015 India

memorandum of association of the
Company.

2. To Consider and approve the
matter regarding issue of bonus shares
to the equity shareholders.

3. To Increase the limit of fresh issue
of shares through further public offer
(FPO).

Extra Ordinary

General

Meeting

Monday, 24th February, 2025
at 03:00 p.m at Plot No. 15,
Electronic Manufacturing
Cluster, Sector 22, Village
Tuta, Atal Nagar, Nava Raipur
Chhattisgarh, 492015 India

1. To Increase the authorised share
capital of the company and
consequential amendment in
memorandum of association of the
Company.

2. To Appointment of statutory auditor
to fill casual vacancy.

Annual General

Monday, 30th September,

1. Adoption of Audited Financial

Meeting

2024 at 04.00 p.m. at Plot No.

Statements.

15, Electronic Manufacturing

2. Re-appointment of a Director.

Cluster, Sector 22, Village

3. To consider and approve ATL

Tuta, Atal Nagar, Nava

Employee Stock Plan 2024 and grant of

Raipur, Chhattisgarh, 492015

Employee Stock options to Eligible

India

Employees.

3 7. REPORTING OF FRA UD:

The Auditors of the Company have not reported any fraud as specified under Section 143 (12) of the
Companies Act, 2013.

38. ANNUAL RETURN:

Pursuant to the provisions of Sections 92 (3) and 134 (3) (a) of the Companies Act, 2013, copy of the
Annual Return of the Company have been uploaded on the Company's website
https://arhamtechnologies.co.in/investor-relation/ in e-form MGT-7 for the financial year ended
March 31, 2025.

39. MATERNITY BENEFIT PROVIDED BY THE COMPANY UNDER MATERNITY BENEFIT
ACT 1961:

The Company declares that it has duly complied with the provisions of the Maternity Benefit Act,
1961. All eligible women employees have been extended the statutory benefits prescribed under the
Act, including paid maternity leave, continuity of salary and service during the leave period, and
post-maternity support such as nursing breaks and flexible return-to-work options, as applicable. The
Company remains committed to fostering an inclusive and supportive work environment that
upholds the rights and welfare of its women employees in accordance with applicable laws.

40. DETAILS OF APPLICATION MADE OR PROCEEDING PENDING UNDER INSOLVENCY
AND BANKRUPTACY CODE 2016:

During the financial year under review, there were no application/s made or proceeding were
pending in the name of the company under the Insolvency and Bankruptcy Code, 2016.

41. DETAILS OF DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE TIME
SETTLEMENT AND VALUATION WHILE AVAILING LOAN FROM BANKS AND
FINANCIAL INSTITUTIONS:

During the Financial year under review, there were no one-time settlement of Loans taken from
Banks and Financial institutions.

42. AUDIT TRAIL APPLICABILITY (AUDIT AND AUDITORS) RULES 2014 - RULE 11 OF THE
COMPANIES ACT 2013:

The Company has used accounting software for maintaining its books of account for the financial year
ended March 31, 2025 which has a feature of recording audit trail (edit log) facility and the same has
operated throughout the year for all relevant transactions recorded in the software’s and the audit trail
feature has not been tampered with and the audit trail has been preserved by the company as per the
statutory requirements for record retention.

43. APPOINTMENT OF DESIGNATED PERSON (MANAGEMENT AND ADMINISTRATION)
RULES 2014 - RULE 9 OF THE COMPANIES ACT 2013:

In accordance with Rule 9 of the Appointment of Designated Person (Management and Administration)
Rules 2014, it is essential for the company to designate a responsible individual for ensuring compliance
with statutory obligations.

The company has proposed and appointed a Designated person in a Board meeting and the same has been
reported in Annual Return of the company.

44. COMPLIANCE WITH SECRETARIAL STANDARD:

The Company Has Complied with the applicable Secretarial Standards (as amended from time to time)
on meetings of the Board of Directors issued by The Institute of Company Secretaries of India and
approved by Central Government under section 118(10) of the Companies Act, 2013.

45. ACKNOWLEDGEMENT:

Your directors wish to express their grateful appreciation to the continued co-operation received from
the Banks, Government Authorities, Customers, Vendors and Shareholders during the year under
review and look forward to their continued co-operation in the years to come.

Your directors also wish to place on record their deep sense of appreciation for the committed service
of the Executives, staff and Workers of the Company.

For and on behalf of the Board of Directors

SD/- SD/-

Managing Director Director

Date: 26.08.2025 DIN 06381291 DIN 06381280

Place: Raipur

NAME Roshan Jain NAME Ankit Jain