BUSINESS OUTLOOK

The Company is mainly engaged in the business of
manufacturing, up-gradation, and refurbishment of
transformers ranging from Power Transformer, Generator
Transformer, Windmill Transformer, Distribution
Transformer, Isolation Transformer, Solar Transformer,
Energy Efficient Transformer, Converter and Rectifier
Transformer.

Considering the continued increase in expenditure on
infrastructure development along with the positive
trajectory of the overall economy, the Company anticipates
a significant expansion in its order book. This anticipated
growth is expected to strengthen the Company's business
position and will be reflected in higher revenues as well as
improved profitability in the forthcoming periods.

A more detailed explanation of the business and the
performance of the Company has been provided in the
Management Discussion and Analysis Report, which is
forming part of the Annual Report

CHANGE IN THE NATURE BUSINESS OF COMPANY

During the year under review, there was no change in the
nature of the Company's business.

LISTING OF THE COMPANY

The Shares of your Company are listed on Platform of
"Emerge Platform on National Stock Exchange". The annual
Listing Fees for the Year 2025-26 has been paid to the
exchange.

SHARE CAPITAL

As on 31^st March, 2025, the Company has authorized share
capital of Rs. 25,00,00,000 consisting of 2,50,00,000 Equity
Shares of Rs.10/- each.

As on 31^st March, 2025 the issued, subscribed and paid-up
capital of the Company is 24,99,11,350 Rupees comprising
of 2,49,91,135 shares of 10/- each.

Further it is hereby confirmed that, the Company has not:

i) issued any shares, warrants, debentures, bonds, or
any other convertible or non-convertible securities.

ii) issued equity shares with differential rights as to
dividend, voting or otherwise

iii) issued any sweat equity shares to its directors or
employees

iv) made any change in voting rights

v) reduced its share capital or bought back shares

vi) changed the capital structure resulting from
restructuring

vii) failed to implement any corporate action

The Company's securities were not suspended for trading
during the year since its listing.

DIVIDEND

The Board considering the need to conserve capital to fund
the expansion activities as well as to augment working
capital requirements do not recommend any dividend for
the financial year ended 31^st March, 2025.

To bring transparency in the matter of declaration of
dividend and protect the interests of investors, the
company had adopted a Dividend Distribution Policy since
listing of its shares. The policy has been displayed on the
Company's website at link https://www.supremepower.in/.

UNCLAIMED DIVIDEND

In the absence of any declaration of dividend in the past, the
Company does not have any unpaid/unclaimed dividend
coming under the purview of Section 124(5) of the Act to
be transferred to Investors Education and Protection Fund
("IEPF") of the Central Government.

TRANSFER TO RESERVES

During the year under review, the Company has not
proposed to transfer any amount to the reserves.

QUALITY ASSURANCE

Your Company is an ISO 9001:2015 company, in the area
Design, Manufacture, Services and Supply of Transformer.
Our company also has ISO 14001:2015 certificate in the
area of Design, Manufacture, Services and Supply of
Transformers. Also, the Company is ISO 45001:2018 in
the area of Design, Manufacture, Services and Supply of
Transformers. Supreme Power Equipment Limited has
its Quality Management System certified by TUV/QACS.
CPRI ("Central Power Research Institute") has type tested
our transformers upto 25MVA/110kV Voltage Class. Right
from manufacturing to distribution, we have consistently
delivered competitive edge in the form of robust,
foresighted, and quality products.

AWARDS, RECOGNITION AND CERTIFICATIONS

The company has obtained various certifications which
includes ISO Certificate 45001:2018, 14001:2015, 9001:2015
and BIS 6700052811 which stands testimony for the

highest standards of quality and safety maintained by the
Company in respect of its products.

The company has been awarded the Best Emerging
MSME- Listed Company on 12^th February, 2025 by
Chamber of Indian Micro Small & Medium Enterprises, this
recognition is a testament to our company's commitment
to excellence and innovation in the MSME sector. It
highlights our dedication to quality, customer satisfaction,
and our strategic initiatives aimed at driving growth and
strengthening our market position.

MATERIAL CHANGES AND COMMITMENT IF ANY
AFFECTING THE FINANCIAL POSITION OF THE COMPANY
OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR
TO WHICH THIS FINANCIAL STATEMENTS RELATE AND
THE DATE OF THE REPORT

There have been no material changes and commitments
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 this report, which forms part of this report.

DEPOSITS

The Company has not accepted any deposits from public
falling within the ambit of section 73 and Section 76 of the
Act, read with the Companies (Acceptance of Deposits)
Rules, 2014. Hence, no disclosure is required under Rule
8(5)(v) and (vi) of the Companies (Accounts) Rules, 2014.

BORROWINGS

As on 31^st March, 2025, an amount of Rs.1633.84 Lakhs
was outstanding towards borrowings, which comprises of
both secured and unsecured loans. The company has not
defaulted in payment of interest and/or repayment of loan
to any of the financial institutions and/or bank.

COMPLIANCE OF SECRETARIAL STANDARDS

During the financial year under review, the Company has
complied with the applicable provisions of the Secretarial
Standard-1 and Secretarial Standard-2 relating to
'Meetings of the Board of Directors' and 'General Meetings',
respectively issued by the Institute of Company Secretaries
of India ('ICSI') and approved by the Central Government
under Section 118 (10) of the Act.

DIRECTORS' RESPONSIBILITY STATEMENT

In terms of Section 134(3)(c) & 134 (5) 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 31^st March, 2025, the applicable
accounting standards have been followed and there
are no material departures from the same;

b) the Directors have selected such accounting policies
and applied them consistently and made judgements
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 31^st March, 2025 and of the profit of
the Company for the year ended on that date;

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

d) the Directors have prepared the annual accounts for
the financial year ended 31^st March, 2025 on a going
concern basis;

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

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

PARTICULARS OF LOANS GIVEN, INVESTMENTS MADE,
GUARANTEES GIVEN AND SECURITIES PROVIDED UNDER
SECTION 186 OF THE ACT

The Company has not given any Loans, made any
Investments, given any Guarantees and provided any
Securities during the Financial Year coming under the
purview of Section 186 of the Companies Act, 2013 during
the year under review except extension of Corporate
guarantee of up to Rs.14.70 Crore (Rupees Fourteen crore
seventy lakhs Only) to secure the Loan facility up to Rs.14.70
Crore (Rupees Fourteen crore seventy lakhs Only) availed
by M/s Danya Electric Company, a partnership firm wherein
the Company holds 90% share in the capital and that the
investment in the partnership firm viz., Danya Electric
Company, the details of investments are provided under
Note.13 and Note. 29 of the Notes to financial statements.

CONTRACTS OR ARRANGEMENTS MADE WITH RELATED
PARTIES UNDER SECTION 188(1) OF THE ACT

All the transactions with related parties during the year
were on arm's length basis and in the ordinary course

any qualification, reservation, adverse remark or
disclaimer) of the Auditors in the Audit Reports issued
by them which call for any explanation/comment from
the Board of Directors.

Statutory Auditors of the Company have not reported
any fraud as specified under Section 143(12) of the
companies act 2013, in the year under review.

B. COST AUDITOR, COST RECORDS AND COST AUDIT /
COMPLIANCE

The Company has made and maintained cost accounts
and records as specified by the Central Government
under Section 148(1) of the Companies Act, 2013.

For the financial year 2024-25, M/s N. Sivashankaran
& Co., Cost Accountant, Chennai, Membership No-
26818, Firm Registration No: 100662, have conducted
the audit of the cost records of the Company.

In accordance with the provisions of Section 148 (6) of
Companies Act 2013 and rule 6(6) of the Companies
(Cost records and audit) Rules, 2014, and on the
recommendation of the Audit Committee, the Board
has appointed M/s N. Sivashankaran & Co., Cost
Accountants, Chennai, Membership No-26818, Firm
Registration No: 100662, as the Cost Auditors of the
Company to conduct the audit of the cost records of
the Company for the financial year 2025-2026.

C. SECRETARIAL AUDITOR AND SECRETARIAL
AUDITORS' REPORT

M/s. SKD & Associates, Company Secretaries, (Firm
Regn. No. S2023TN958600) were appointed as
Secretarial Auditors of the Company for the financial
year ended on 31^st March, 2025. The secretarial
audit report does not contain any qualification
or reservation or observation or adverse remark
and the same is self-explanatory and is annexed
as Annexure III forming part of this report.

The Board of Directors of the Company, based on
the recommendation made by the Audit Committee,
and subject to the approval of the shareholders of
the Company at the ensuing AGM, have approved
the appointment of M/s. SKD & Associates, as the
Secretarial Auditors of the Company to conduct the
secretarial audit for a period of five consecutive years
from the financial year 2025-26 to the financial year
2029-30, in terms of provisions of Regulation 24A of
the Listing Regulations and provisions of Section 204(1)
of the Companies Act, 2013. M/s. SKD & Associates has
given consent and confirmed that he is not disqualified
from being appointed as the Secretarial Auditor of
the Company and satisfies the eligibility criteria. The
profile of the Secretarial Auditor is provided as part
of the explanatory statement to the AGM Notice.

The Secretarial Audit report submitted by them for
the financial year 2024-25 in the prescribed form MR3
pursuant to the provisions of Section 204 of the Act
received from M/s. SKD & Associates is provided in
Annexure III forming part of this report. The Secretarial
Auditors' Report for the Financial year 2024- 25 does
not contain any qualification, reservation or adverse
remarks and the same is self-explanatory.

D. INTERNAL AUDITOR

As per section 138 of The Companies Act 2013 read
with Rule 13 of Companies (Accounts) Rules, 2014,
the company has Appointed M/s Jeevan & Associates,
Chartered Accountant, as Internal Auditor to conduct
Internal Audit for the Financial Year 2025-2026. The
Internal Audit reports are periodically reviewed by the
Audit Committee.

DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS
OTHER THAN THOSE WHICH ARE REPORTABLE TO THE
CENTRAL GOVERNMENT

The Statutory Auditors, Cost Auditors or Secretarial Auditors
of the Company have not reported any frauds to the Audit
Committee or to the Board of Directors under section
143(12) of the Act, including rules made there under.

INTERNAL FINANCIAL CONTROL SYSTEM

The Company has put in place an effective internal control
system to synchronise its business processes, operations,
financial reporting, fraud control, and compliance with
extant regulatory guidelines and compliance parameters.
The Company ensures that a standard and effective internal
control framework operates throughout the organization,
providing assurance about the safekeeping of the assets
and the execution of transactions as per the authorization
in compliance with the internal control policies of the
Company.

The internal control system is supplemented by extensive
internal audits, regular reviews by the management, and
guidelines that ensure the reliability of financial and all
other records. The management periodically reviews the
framework, efficacy, and operating effectiveness of the
Internal Financial Controls of the Company.

The Internal Audit reports are periodically reviewed by
the Audit Committee. The Company has, in material
respects, adequate internal financial control over financial
reporting, and such controls are operating effectively.
Internal Audits are carried out to review the adequacy of
the internal control systems and compliance with policies
and procedures. Internal Audit areas are planned based on
inherent risk assessment, risk score, and other factors such
as probability, impact, significance, and strength of the
control environment. Its adequacy was assessed, and the
operating effectiveness was also tested.

COMPLIANCE TO THE SEXUAL HARASSMENT OF
WOMEN AT WORKPLACE (PREVENTION, PROHIBITION,
AND REDRESSAL) ACT, 2013 READ WITH THE SEXUAL
HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION,
PROHIBITION, AND REDRESSAL) RULES, 2013.

The Company has zero tolerance for sexual harassment at
workplace and has a mechanism in place for prevention,
prohibition and redressal of sexual harassment at
workplace in line with the provisions of the Sexual
Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013 and the Rules made
thereunder. The Company is committed to provide equal
opportunities without regard to their race, caste, sex,
religion, color, nationality, disability, etc. All employees
are treated with dignity with a view to maintain a work
environment free of sexual harassment whether physical,
verbal or psychological. All employees (permanent,
contractual, temporary, trainees) are covered.

The Company has in place an Anti-Sexual Harassment
Policy in line with the requirements of the Sexual
Harassment of Women at the Workplace (Prevention,
Prohibition & Redressal) Act, 2013. An Internal Complaints
Committee (ICC) has been set up to redress complaints
received regarding sexual harassment at workplace.

The following is a summary of sexual harassment
complaints received and disposed off during the year
2024-2025.

DISCLOSURE WITH RESPECT TO THE COMPLIANCE
OF THE PROVISIONS RELATING TO THE MATERNITY
BENEFIT ACT, 1961

The Company has complied with the applicable provisions
of the Maternity Benefit Act, 1961, including the grant
of maternity leave, work-from-home options where
applicable, and provision of creche facilities as required.
The Company remains committed to ensuring a safe and
supportive work environment for its women employees.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE
REGULATORS OR COURTS OR TRIBUNALS IMPACTING
THE GOING CONCERNS STATUS AND COMPANY'S
OPERATIONS IN FUTURE

The Company has not received any significant or material
orders passed by any regulatory authority, court or
tribunal which shall impact the going concern status and
Company's operations in future.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report for the
year under review, as stipulated under the Securities and
Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 ("Listing Regulations"),
is presented in a separate section, forming part of the
Annual Report.

CORPORATE SOCIAL RESPONSIBILITY (CSR)

In compliance with Section 135 of the Companies Act, 2013
read with the Rules made thereunder, the Company has
formed Corporate Social Responsibility ("CSR") Committee.
The Company has framed a Corporate Social Responsibility
(CSR) Policy as required under Section 135 of the
Companies Act, 2013 read with Rule 8 of the Companies
(Corporate Social Responsibility Policy) Rules, 2014, to
oversee the CSR activities initiated by the Company. The
CSR Committee has adopted a CSR Policy in accordance
with the provisions of Section 135 of the Companies Act,
2013 and rules made thereunder. The details of the CSR
initiatives undertaken by the Company during the FY 2024¬
25 in the prescribed format are annexed as Annexure- IV.

RISK MANAGEMENT

Pursuant to provisions of Section 134(3)(n) of the
Companies Act, 2013 and Regulation 17(9) & 21 of
SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the Company has constituted the Risk
Management Committee and laid down a framework
to inform the Board about the particulars of Risks
Identification, Assessment and Minimization Procedures.
In the opinion of the Board, there is no such risk, which
may threaten the existence of the Company.

During the year, such controls were tested and no material
discrepancy or weakness in the Company's internal
controls over financial reporting was observed.

Proper Risk Management Practices have been followed for
the purpose of risk identification, analysis, and mitigation
planning, monitoring, and reporting. Although, all risks
cannot be eliminated, but mitigation and contingency
plans are developed to lessen their impact if they occur.

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

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 are provided in ANNEXURE V to
this Report.

POLICY ON DIRECTORS' APPOINTMENT AND
REMUNERATION

The Board, based on the recommendation of the
Nomination and Remuneration Committee, has framed a
policy for the selection and appointment of Directors and
Senior Management Personnel and their remuneration.
The Company's policy relating to the Directors appointment,
payment of remuneration and discharge of their duties is
available on the website of the Company at https://www.
supremepower.in/.

MANAGERIAL REMUNERATION, EMPLOYEE

INFORMATION AND RELATED DISCLOSURES

Employee relations continued to be cordial during the year
under review. The Company continued its thrust on Human
Resources Development

The remuneration paid to Directors, Key Managerial
Personnel, and Senior Management Personnel during
FY 2024-25 was in accordance with the NRC Policy of the
Company. Disclosures required under the provisions
of Section 197(12) of the Act read with Rule 5(1) of the
Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014, relating to the remuneration and
other details as required are annexed to this Report as
ANNEXURE- VI.

PARTICULARS OF HOLDING, SUBSIDIARIES, JOINT
VENTURES AND ASSOCIATE

As on 31^st March, 2025, the company does not have any
subsidiary company. However, it is majority partner in one
partnership firm viz., M/s. Danya Electric Company - Firm
bearing Registration No. FR/ CHENNAI SOUTH/930/1983,
originally constituted vide Deed dated 18th November,
1983.There has been no material change in the nature of
the business of the said firm. The consolidated financial
statement has been prepared in accordance with the
relevant accounting standards and a separate statement
containing the salient features of the financial statement
of its subsidiary pursuant to provision of Section 129(3) of
the Companies Act, 2013 read with rule 5 of the Companies
(Accounts) Rules 2014, in form AOC-1 is attached along with
the financial statement of the company as Annexure-II.

Danya Electric Company - Firm is engaged in the business
manufacture transformers, repairs and recondition of
the same, in the same line as its Parent Entity. For the
year ended 31^st March, 2025, the Firm has earned a total
income of Rs. 28,56,38,215/- as against Rs. 31,35,05,190/- in
the previous year and has made Profit after Tax of the Rs.
3,28,02,922/- as against Rs. 2,94,95,000/-. in the previous
year. A summary of the financial performance of the said
firm is provided below:

RECEIPT OF REMUNERATION OR COMMISSION BY
THE MANAGING / WHOLE TIME DIRECTOR FROM ITS
HOLDING OR SUBSIDIARY COMPANY

The Company does not have any Holding or Subsidiaries
Company as on 31^st March, 2025. Hence reporting under
this clause is not applicable

BUSINESS RESPONSIBILITY AND SUSTAINABILITY
REPORT (BRSR):

The Business Responsibility and Sustainability Report
pursuant to Regulation 34(2)(f) of SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 is not
applicable to the Company for the financial year ended on
31^st March, 2025.

CORPORATE GOVERNANCE

The Equity Shares of the Company are listed on the
SME platform (NSE-emerge) of NSE Limited. Pursuant to
Regulation 15(2) SEBI (Listing Obligation and Disclosure
Requirements) Regulation, 2015 the compliance with
the Corporate Governance provision as specified in
Regulation 17 to 27 and clause (b) to (i) of sub regulations
(2) of regulation 46 and par as C, D and E of Schedule V
of SEBI (Listing Obligation and Disclosure Requirements)
Regulation, 2015 shall not apply. The Company voluntarily
adopted various practices of governance conforming to
highest ethical and responsible standards of business
and is committed to focus on long term value creation
for its shareholders. The Corporate Governance practices
followed by the Company is included as part of this Report.

COMMITTEES OF THE BOARD

The Board of Directors of your Company has constituted
the following committees in terms of the provisions of the

The following Directors are the members of Audit Committee and the details of meetings attended by its members during
the financial year 2024-25 are given below:

All recommendations of Audit Committee during the year under review were accepted by the Board of Directors. The
Company Secretary acted as the secretary of the Committee. The role and terms of reference of the Committee are in
consonance with the requirements mandated under Section 177 of the Companies Act, 2013 and Listing Regulations and
is available on the website of the Company at https://www.supremepower.in/

B. NOMINATION AND REMUNERATION COMMITTEE

In pursuant to the provisions of section 178 (4) of the Companies Act, 2013, the Nomination and Remuneration Policy
recommended by the Nomination and Remuneration committee is duly approved by the Board of Directors of the
Company. Policy is disclosed on the website of the Company viz. https://www.supremepower.in/

During the Financial Year 2024-25, the Company held 01 (One) Nomination and Remuneration Committee meetings
on 13^th August, 2024.

The following Directors are the members of nomination and Remuneration Committee and the details of meetings
attended by its members are given below:

The Company Secretary acted as the secretary of the Committee. The role and terms of reference of the Committee
are in consonance with the requirements mandated under Section 178 of the Companies Act, 2013 and Listing
Regulations and is available on the website of the Company at https://www.supremepower.in/.

C. STAKEHOLDERS' RELATIONSHIP COMMITTEE

The following Committee of Directors looks after the Investor Grievances. During the Financial Year 2024-25, the
Company held 01 (one) Stakeholders' Relationship Committee meetings on 28^th March, 2025.

The composition of the Committee and the details of meetings attended by its members are given below:

The Company Secretary acted as the secretary of the Committee. The role and terms of reference of the Committee
are in consonance with the requirements mandated under Section 178 of the Companies Act, 2013 and Listing
Regulations and is available on the website of the Company at https://www.supremepower.in.

D. RISK MANAGEMENT COMMITTEE

The Board of Directors of the Company have constituted a Risk Management Committee to inter-alia, assist the Board
in overseeing the responsibilities with regard to identification, evaluation and mitigation of operational, strategic
and external environmental risks. During the Financial Year 2024-25, the Company held 02 (Two) Risk Management
Committee meetings, viz 13^th August, 2024, and 23^rd January, 2025.

TERMS AND CONDITIONS OF APPOINTMENT OF
INDEPENDENT DIRECTORS

The terms and conditions of appointment of Independent
Directors have been disclosed on the website of the
Company https://www.supremepower.in/.

SEPARATE MEETING OF INDEPENDENT DIRECTORS

Independent Directors of the Company met separately
on 23^rd January, 2025 without the presence of Non¬
Independent Directors and members of Management.
In accordance with the provisions under Section 149 and
Schedule-IV of the Act, following matters were, inter alia,
reviewed and discussed in the meeting:

i) Performance of Non-Independent Directors and the
Board of Directors as a whole;

ii) Performance of the Chairman of the Company taking
into consideration the views of Executive and Non¬
Executive Directors;

iii) Assessment of the quality, quantity and timeliness of
flow of information between the Company Management
and the Board that is necessary for the Board to
effectively and reasonably perform their duties

All the Independent Directors were present at the meeting.

PERFORMANCE EVALUATION OF THE BOARD, ITS
COMMITTEES AND INDIVIDUAL DIRECTORS INCLUDING
INDEPENDENT DIRECTORS

Pursuant to applicable provisions of the Act and the
Listing Regulations, the Board, in consultation with
its Nomination and Remuneration Committee, has
formulated a framework containing, inter-alia, the criteria
for performance evaluation of the entire Board of the
Company, its Committees and individual directors, including
Independent Directors. The framework is monitored,
reviewed and updated by the Board, in consultation with
the Nomination and Remuneration Committee, based on
need and new compliance requirements.

VIGIL MECHANISM AND WHISTLE-BLOWER POLICY

The Company has established a vigil mechanism and
accordingly framed a Whistle Blower Policy in accordance
with the provisions of Regulation 22 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations,
2015 and Rule 7 of the Companies (Meeting of the Board
and its Power) Rules 2014. The policy enables directors,
employees and business associates to report unethical
behavior, malpractices, wrongful conduct, fraud, violation
of Company's code of conduct, leak or suspected leak of
unpublished price sensitive information without fear of

reprisal for appropriate action. Under the vigil mechanism,
all directors, employees, business associates have direct
access to the Chairman of the Audit committee. The
whistle blower policy can be accessed at https://www.
supremepower.in

CODE FOR PREVENTION OF INSIDER-TRADING

Post listing of equity shares of the company, in accordance
with SEBI (Prohibition of Insider Trading) Regulations, 2015,
the Company has in place the following: -

1. Code of Conduct for Prevention of Insider Trading and
Code of Practices and Procedures for Fair Disclosure
of Unpublished Price Sensitive Information (UPSI).

2. Policy for determination of "legitimate purposes"
forms part of this Code.

3. Policy and procedures for inquiry in case of leak of
UPSI/ suspected leak of UPSI

All compliances relating to Code of Conduct for Prevention
of Insider Trading which includes maintenance of structural
digital data base (SDD) are being managed through a
software installed by the Company in-house including
maintenance structural digital data base (SDD). This code
lays down guidelines advising the designated employees
and other connected persons, on procedures to be
followed and disclosures to be made by them while dealing
with the shares of the company, and while handling any
unpublished price sensitive information.

CODE OF CONDUCT

Commitment to ethical professional conduct is a must
for every employee including Board members and senior
management personnel of the company. The duties of
Directors including duties as an Independent Director
as laid down in the Act also forms part of the Code of
Conduct. The Code of Conduct is available on the website
of the Company https://www.supremepower.in. All Board
members and senior management personnel affirm
compliance with the Code of Conduct annually.

POLICIES OF THE COMPANY

The Company is committed to a good corporate governance
and has consistently maintained its organizational
culture as a remarkable confluence of high standards
of professionalism and building shareholder equity with
principles of fairness, integrity and ethics. The Board of
Directors of the Company have from time to time framed
and approved various Policies as required by the Companies
Act, 2013 read with the Rules issued thereunder and the
Listing Regulations. These Policies and Codes are reviewed

by the Board and are updated, if required. The aforesaid
policies can be accessed at https://www.supremepower.in.

REGISTRAR AND TRANSFER AGENT (RTA)

During the year as part of listing of its shares on the Stock
Exchange, the Company appointed Purva Share Registry
(India) Private Limited as its RTA. Details of the RTA are
given below.

Purva Share Registry (India) Private Limited

CIN: U67120MH1993PTC074079

No 9, Shiv Shakti Industrial Estate, Mumbai - 400011,
Maharashtra, India

Tel: 91 022 2301 8261 , Fax No: 91 022 2301 2517
E-mail: support@purvashare.com ,

Website: www.purvashare.com

DEMATERIALISATION OF SHARES

During the year under review, the Company has entered
into tripartite agreements for dematerialization of equity
shares with the Purva Share Registry (I) Private Limited,
National Securities Depository Limited and Central
Depository Services (India) Limited. As on 31^st March,
2025, the shares of the Company held in demat form
represents 100% of the total issued and paid-up capital of
the Company.

The Company ISIN No. is INE0QHG01026.

POSTAL BALLOT

During the year under review, no resolution was passed
through postal ballot.

PENALTIES

There were no penalties, strictures imposed on the
company by stock exchange(s) or SEBI or any statutory
authority, on any matter related to capital markets, during
the year.

SCORES

SEBI processes investor complaints in a centralized web-
based complaints redressal system i.e. SCORES. Through
this system a shareholder can lodge complaint against
a company for his grievance. The company uploads the
action taken on the complaint which can be viewed by the
shareholder. The company and shareholder can seek and
provide clarifications online through SEBI.

ONLINE DISPUTE RESOLUTION (ODR) PORTAL

As per the SEBI circular no. SEBI/HO/OIAE/OIAE_IAD-1/P/
CIR/2023/145 dated 31^st July, 2023, on "Online Resolution of
Disputes in the Indian Securities Market" a common Online
Dispute Resolution Portal ("ODR Portal") which harnesses
online conciliation and online arbitration for resolution of
disputes arising in the Indian Securities Market.

SMART ODR Portal (Securities Market Approach for
Resolution through ODR Portal) can be accessed via the
following link - https://smartodr.in/login

RECONCILIATION OF SHARE CAPITAL AUDIT

Pursuant to Regulation 76 of Securities and Exchange
Board of India (Depositories Participants) Regulations,
2018 a Company Secretary in Practice carries out audit
of Reconciliation of Share Capital on quarterly basis to
reconcile the total admitted equity share capital with the
National Securities Depository Limited (NSDL) and the
Central Depository Services (India) Limited (CDSL) and
the total issued and listed equity share capital. The audit
report confirms that the total issued/paid-up capital is in
agreement with the total number of shares in physical form
and the total number of dematerialized shares held with
NSDL and CDSL. The said report, duly signed by practicing
company secretary is submitted to stock exchanges where
the securities of the company are listed within 30 days
of the end of each quarter and this Report is also placed
before the Board of Directors of the company.

CREDIT RATING

In the absence of issue of any debt securities, the Company
has not obtained any credit rating with respect to any debt
securities. Further, CRISIL has assigned a long-term rating
of BBB-/ Stable and short-term rating of CRISIL A3 for the
credit facilities availed by the Company from Banks.

DETAILS OF APPLICATION MADE OR ANY PROCEEDING
PENDING UNDER THE INSOLVENCY AND BANKRUPTCY
CODE, 2016 (31 OF 2016) DURING THE YEAR ALONGWITH
THEIR STATUS AS AT THE END OF THE FINANCIAL YEAR

The Company has not made any application or no
proceeding is pending under the Insolvency and Bankruptcy
Code, 2016 during the Financial Year and hence not being
commented upon.

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.

During the Financial Year under review, there has been
no incident of one-time settlement for loan taken from
the banks of financial institutions and hence not being
commented upon

DISCLOSURE OF CERTAIN TYPES OF AGREEMENTS
BINDING LISTED ENTITIES

As per the information available with the Company, there
are no agreements entered into by the shareholders,
Promoters, Promoters Group entities, Related Parties,
Directors, Key Managerial Personnel, Employees of the
Company, its subsidiaries and associates companies which
are binding the Company in terms of clause 5A of Para A of
Part A of Schedule III of the Listing Regulations.

GREEN INITIATIVES

In commitment to keeping in line with the Green Initiative
and going beyond it to create new green initiations, an
electronic copy of the Notice of the 19th Annual General
Meeting of the Company along with a copy of the Annual
Report is being sent to all Members whose email addresses
are registered with the Company/ Depository Participant(s)
and will is also available at the Company's website at https://
www.supremepower.in.

INVESTOR GRIEVANCE REDRESSAL

During the period since listing of shares of the company to
the date of this report, there were no complaints received
from the investors. The designated email id for Investor
complaint is cs@supremepower.in.

For and on behalf of the Board of Directors of
SUPREME POWER EQUIPMENT LIMITED

COMPLIANCE OFFICER DETAILS AND ADDRESS FOR
CORRESPONDENCE

Ms. Priyanka Bansal,

Company Secretary & Compliance Officer

Registered office : 55, SIDCO Industrial Estates,

Thirumazhisai Thirumushi, Tiruvallur, Poonamallee, Tamil
Nadu, India, 600124,

Contact No. 91 44 26811221;

E-mail: cs@supremepower.in.

BUSINESS LOCATIONS

As on 31^st March, 2025, the company has its place of
business (Factory Unit) in the following location;

ACKNOWLEDGEMENT

The Board of Directors would like to express their sincere
appreciation for the assistance and co-operation received
from the government and regulatory authorities, stock
exchange, financial institutions, banks, business associates,
customers, vendors, members, for their co-operation and
support and looks forward to their continued support in
future. The Board of Directors wish to place on record its
deep sense of appreciation for the committed services by
all the employees of the Company.