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

FINANCIAL HIGHLIGHTS

The summarized financial performance of the Company for the financial year ended March 31, 2025 as compared to the previous financial year ended March 31, 2024 is as follows:

During the year under review, the total Income of the Company was Rs. 39,611.57 (in lakhs) against Rs. 13,582.22 (in lakhs) in the corresponding previous year. The Company has gained a profit of Rs. 26,724.47 (in lakhs) in current financial year as compared to the profit of Rs. 8,338.17 (in lakhs) in the corresponding previous year.

RESERVES

Your Directors do not propose any transfer of profits to the General Reserves of the Company for the financial year ended March 31, 2025.

DIVIDEND

In order to conserve the profits for future, the Company does not recommend payment of dividend to shareholders.

SUBSIDIARY/ASSOCIATES

During the year under review, the Company does not have any Subsidiary, Joint venture or Associate Company. quant Capital Finance and Investments Private Limited is a Holding Company of the Company.

SHARE CAPITAL

At the beginning of the financial year, the issued, subscribed and paid-up Equity Share Capital of the Company was Rs. 45,00,00,000/- (Rupees Forty Five Crore Only) divided into 4,50,00,000 (Four Crore and Fifty Lakh) Equity Shares of Rs. 10/- each and Preference Share Capital of the Company was 7,00,00,000/- (Rupees Seven Crore only) divided into 7,00,000 (Seven Lakh) Non-Cumulative Redeemable Preference Shares of Rs. 100/- each which is further divided into 2,00,000 (Two Lakh) 9.5% NonCumulative Redeemable Preference Shares of Rs. 100/- each and 5,00,0000 (Five Lakh) 9% Non -Cumulative Redeemable Preference Shares of Rs. 100/- each.

During the year under review, pursuant to Board Resolution passed at the Board of Directors meeting held on February 19, 2025, Directors has approved the redemption of 2,00,000 (Two Lakh) 9.5% NonCumulative Redeemable Preference Shares of Rs. 100/- each and 5,00,0000 (Five Lakh) 9% Non - Cumulative Redeemable Preference Shares of Rs. 100/- each.

During the year under review, the Company has not issued any:

a) shares with differential rights as to dividend, voting or otherwise.

b) sweat equity shares.

STATE OF THE COMPANY’S AFFAIRS AND FUTURE OUTLOOK

quant Money Managers Limited is an investment management firm offering a diverse set of investment products across asset classes. Our expertise in the investment management domain has been built upon a solid foundation of multi-dimensional research and technology, derived from our sponsor - quant Capital Finance & Investments Private Limited.

Our focus on 'Predictive Analytics' - combining robust technology and multi-dimensional research - has helped our ability to thrive under diverse market environments by looking beyond the obvious, evident in a strong track record of identifying critical market inflexion points. As the logical next phase of our evolution, we provide money management services that leverage our cross-asset, cross-market investment expertise and create ethical wealth for our clients.

At quant, investment analytics is a part of our identity. While there are a number of available tools and data analysis techniques, we also believe in close monitoring of behavioral data points of market participants and study the sentiments of the investors in the market. We believe that the market is a byproduct of sentiments, and along with our predictive analytics, we are able to connect the dots. Thanks to having adopted this approach from the beginning, quant has already built a strong reputation for pioneering behavioral finance approach to investing in India.

Your Company is the Investment Manager for quant Mutual Fund (‘QMF’) which is a trust set up under the provisions of the Indian Trust Act, 1882 and is one of the oldest and pioneering mutual funds in India. Assets under Management (AUM) of quant Mutual Fund at the close of FY 2024-25 was Rs. 88,268.92 crores as against an Rs. AUM of 66,176.58 crores at the close of FY 2023-24, an increase of 33.38%. Total Annual Average AUM for FY 2024-25 was Rs. 86,016.19 crores versus Rs. 64,776.89 crores for FY 2023-24.

As a Mutual Fund, we have a vast array of offerings which include quant Multi Cap Fund, quant Aggressive Hybrid Fund, quant BFSI Fund, quant Business Cycle Fund, quant Commodities Fund, quant Consumption Fund, quant Dynamic Asset Allocation Fund, quant ESG Integration Strategy Fund, quant Flexi Cap Fund, quant Focused Fund, quant Healthcare Fund, quant Large & Mid Cap Fund, quant Large Cap Fund, quant Midcap Fund, quant Small cap Fund, quant Infrastructure Fund, quant ELSS Tax Saver Fund, quant Manufacturing Fund, quant Momentum Fund, quant PSU Fund, quant Liquid Fund, quant Gilt Fund, quant Overnight Fund, quant Value Fund, quant Quantamental Fund, quant Multi Asset Allocation Fund, quant Teck Fund, quant Arbitrage Fund, quant Equity Savings Fund etc. We believe that these products cover the full spectrum of our investor’s needs, and are confident that with an agile asset allocation, our investors will be able to reach their financial goals.

DIRECTORS AND KEY MANAGERIAL PERSONNELA. Board Composition

Your Company’s Board comprises of mix of executive and non-executive directors with considerable professional expertise and experience in the fields of business and industry, finance, management, Compliance etc.

As on March 31, 2025, the total strength of the Board is 05 (Five) Directors, consisting of 03 (Three) Independent Directors and 02 (Two) Executive Directors as follows:

Sr. Name of Director Designation DIN

No.

1. Mr. Sandeep Tandon Executive Director 02025916

2. Mr. Shashi Kataria Executive Director 07983714

3. Mr. Deep Shukla Independent Director 03030194

4. Mr. Kamal Kumar Basu Independent Director 09810175

5. Mr. Rickson Rodricks Independent Director 09199905

• Directors retired/retiring by rotation

Further, pursuant to Section 152 of the Act read with the Articles of Association of the Company, Mr. Shashi Kataria is liable to retire by rotation at the ensuing 30^th (Thirtieth) AGM of the Company, and being eligible, has offered himself for reappointment as a Director. The Board has approved the said proposal and recommended the same to the members for their approval.

The details of Mr. Shashi Kataria shall form part of the Notice convening the 30^th (Thirtieth) AGM of the Company.

• Changes in Directors

Based on the recommendation of Nomination and Remuneration Committee, the Board had appointed Mr. Shashi Kataria as an Additional Director, designated as Executive Director, of the Company w.e.f. July 01, 2024, liable to retire by rotation. Subsequently, the members had, at the Annual General Meeting of the Company held on September 30, 2024, approved the appointment of Mr. Shashi Kataria as a Director of the Company designated as “Executive Director”, liable to retire by rotation.

Further, Mr. Vasav Sahgal resigned from the position of Director of the Company w.e.f. January 31, 2025.

• Fit and proper criteria

All the Directors meet the fit and proper criteria as stipulated under the SEBI MF Regulations, as amended from time to time.

• Declaration of Non-disqualification by Directors

Basis the declaration received from all the directors of the Company, none of the directors is disqualified from being appointed as a director pursuant to Section 164 of the Act.

• Declaration from Independent Directors

All the Independent Directors have submitted the declarations as per the provisions of Section 149(7) of the Act and the Board is satisfied that all the Independent Directors meet the criteria of independence as mentioned in Section 149(6) of the Act. There has been no change in the circumstances affecting their status as Independent Directors of the Company.

In the opinion of the Board, the Independent Directors possess the requisite integrity, experience, expertise and proficiency required under all applicable laws. The Independent Directors have registered themselves on Independent Director’s Databank and have complied with Rule 6(1) and Rule 6(2) of the Companies (Appointment and Qualification of Directors) Rules, 2014, as amended from time to time.

• Board Evaluation

Evaluation of the Directors is done on an annual basis. The process is led by the Nomination and Remuneration Committee with specific focus on the performance vis-a-vis the plans, meeting challenging situations, performing leadership role within, and effective functioning of the Board. The evaluation process also involves Self-Evaluation by the Board Member and subsequently assessment by the Board of Directors and considers the time spent by each of the directors, accomplishment of specific responsibilities and expertise, conflict of interest, integrity of director, active participation and contribution during discussions. In a separate meeting of Independent Directors held on April 18, 2024 the performance evaluation of the Board as whole, and the Non Independent Directors was evaluated. The Board of Directors expressed their satisfaction with the evaluation process based on the recommendation of the Nomination & Remuneration Committee.

B. Key Managerial Personnel

In terms of the provisions of Section 2(51) and Section 203 of the Act read with Rule 8 of the Companies (Appointment of Remuneration of Managerial Personnel) Rules, 2014, the following officials of the Company are the Key Managerial Personnel (“KMP”) as on March 31, 2025:

During the financial year under review, following KMP resigned and appointed:

1. Mr. Harshal Patel resigned from the position of Chief Financial Officer of the Company w.e.f. May 19, 2024.

2. Mr. Shashi Kataria (DIN:07983714) is appointed as Chief Financial Officer of the Company w.e.f. July 01, 2024

3. Ms. Usha Lakshmi Raman is appointed as Company Secretary w.e.f January 02, 2025.

C. Remuneration / Compensation Policy

The Company has a Nomination and Remuneration Policy for Directors and Senior Managerial Personnel approved by the Nomination and Remuneration Committee and the Board. The policy is available at the website of the Company at www.quantmutual.com. The purpose of the said Policy is to establish and govern the procedure applicable:

• To evaluate the performance of the members of the Board;

• To ensure remuneration payable to Directors KMP’s & other senior Management strike appropriate balance and commensurate among others with the functioning of the Company and its long term objectives;

• To retain, motivate and promote talent within the Company and to ensure long term sustainability of the managerial persons and create competitive advantage.

The policy inter-alia covers the Directors’ appointment and remuneration, Key Managerial Personnel’s and other senior management appointment and remuneration.

BOARD AND ITS COMMITTEESA. Board of Directors

The Board meets at regular intervals, inter-alia, to discuss various matters relating to the Company’s business, scheme performance review, financial performance, risk management, internal controls, operations, compliance management, business strategies, audit matters and other pertinent matters. During the FY 2024-25, 13 (Thirteen) meetings of the Board were held including one joint meeting with the Board of quant Capital Trustee Limited (QCTL) i.e. on April 18, 2024, May 30, 2024, July 01, 2024, July 14, 2024, July 26, 2024, August 01, 2024, September 26, 2024, October 18, 2024, October 24, 2024, November 28, 2024, December 27, 2024, February 19, 2025; and the gap between any two consecutive meetings was less than 120 (one hundred and twenty) days.

A joint meeting of Board of quant Money Managers Limited (QMML) and quant Capital Trustee Limited (“QCTL”) was held on February 19, 2025.

B. Committees of Board

The Board has constituted various Board Committees to strengthen the governance framework of the Company. The Board Committees are constituted in compliance with the provisions of the Act and Rules made thereunder, SEBI MF Regulations and amendment thereof including various circulars/guidelines/letters/notifications issued by SEBI, AMFI and other applicable regulatory bodies and basis good governance practices.

The meetings of the Committees are also conducted at regular intervals to enable focused deliberation on statutory, business and other matters that form the basis for the Board’s decision-making.

1) Audit Committee:

The Audit Committee of the Company is constituted in accordance with the Companies Act, 2013, Company Rules, SEBI (Mutual Fund) Regulations, 1996 and circulars issued thereunder. In addition, other Senior Management Personnel are also invited to the Committee meetings as and when required.

The role, function and scope of the Audit Committee are in line with the provision of SEBI (Mutual Fund) Regulations, 1996 and circulars, Section 177 of Companies Act, 2013 and Rules made thereunder.

During the FY 2024-25, 6 (Six) meeting of the Audit Committee including one joint meeting with the Audit Committee of quant Capital Trustee Limited (“QCTL”) were held i.e. on April 18, 2024, May 30, 2024, July 26, 2024, September 26, 2024 and October 10, 2024;

A joint meeting of Audit Committee of QMML and QCTL was held on February 19, 2025.

2) Nomination & Remuneration Committee:

As on March 31, 2025, the composition of the Nomination & Remuneration Committee (NRC) is as follows:

The Committee is responsible to identify the individual who would be qualified to become directors on the Board. The Board shall be responsible for reviewing the appointment of Directors which shall include, Executive Directors, Non-Executive Directors and Independent Directors. The Committee has reviewed the performance of the Board of the Company and the same has been recommended to the Board.

During the FY 2024-25, 7 (Seven) meetings of the NRC were held i.e. April 18, 2024, May 30, 2024, July 01, 2024, August 01, 2024. September 26, 2024, October 24, 2024 and February 18, 2025.

The role and terms of reference of the Committee are in line with the Companies Act, 20 13.

3) Corporate Social Responsibility Committee:

The Corporate Social Responsibility Committee of the Company shall perform such role and duties as mentioned in Section 135 of the Companies Act, 2013.

During the year under review, the Committee met 01 (One) time. The meeting was held on February 18, 2025.

The composition of Corporate Social Responsibility Committee during the financial year 2024-25 was as follows:

Other Committees: -

The Company has constituted various other committees as per SEBI (Mutual Fund) Regulations, 1996, SEBI Master Circular for Mutual Funds dated June 27, 2024 and other statutory

provisions/circulars/guidelines issued thereunder which meets from time to time to discuss and pass their respective agendas.

AUDITORS(a) Statutory Audit:

M/s. MVK Associates, Chartered Accountants were appointed as Statutory Auditors of the Company at the Annual General Meeting held on September 30, 2022 to hold office until the conclusion of the Annual General Meeting to be held in the year 2027.

The Report issued by the Auditors on the financial statements of the Company for FY 2024-25 is part of the Annual Report. The Statutory Audit report does not contain any qualifications, reservations or adverse remarks or disclaimer. Further, no frauds have been reported by the statutory auditors under Section 143(12) of the Act.

(b) Secretarial Audit:

Pursuant to the provisions of section 204 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board of Directors of the Company in their meeting held on July 01, 2024, has appointed Ms. Kavita Raju Joshi, Practicing Company Secretary to conduct the Secretarial Audit of the Company for the financial year ended March 31, 2025. The Secretarial Audit Report is annexed herewith as “Annexure-A”. Further, there are no observations under the Secretarial Audit Report provided by the Secretarial Auditor.

(c) Internal Audit:

M/s. Gindodia & Associates, Chartered Accountants (FRN: 139034W), has performed the duties of internal auditor of the Company for the financial year 2024-2025 and their report is reviewed by the audit committee from time to time.

(d) Cost Audit

The provisions relating to the cost records and cost audit as prescribed under Section 148 of the Act, are not applicable to the Company.

INTERNAL CONTROL SYSTEM

The Board confirms that there are adequate internal financial controls in place with reference to financial statements and that such controls are operating effectively. During the FY 2024-25, no material or serious observations were highlighted on account of inefficiency or inadequacy of such controls.

RELATED PARTY TRANSACTIONS

The Company has a Board approved policy for dealing with Related Party Transactions for the identification of related parties and dealing with all related party transactions.

During the FY 2024-25, the Company has entered into transactions with related parties as defined under Section 2(76) of the Act read with Companies (Specification of Definitions Details) Rules, 2014, and applicable Accounting Standards. All such transactions were in the ordinary course of business and at arm’s length.

Further, the Company had obtained the omnibus approval of the Audit Committee for all related party transactions.

The Company has not entered into any material related party transactions during the FY 2024-25.

Pursuant to Section 134(3)(h) of the Act read with Rule 8(2) of the Companies (Accounts) Rules, 2014, there are no transactions to be reported under Section 188(1) of the Act in prescribed Form AOC-2.

All related party transactions, as required under Accounting Standard (AS), are reported in the notes to the financial statements.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

Particulars of loans, advances and investments made by Company during the Financial year 2024-25 are stated in the Notes to Accounts of the Audited Statements of the Company which forms part and parcel of this Annual Report. The Company has neither given any guarantee nor provided any Security during the reporting period.

WHISTLE BLOWER POLICY

The Company has in place a Whistle Blower Policy to raise concerns internally and to disclose information which the individual believes shows malpractice, serious irregularities, fraud, unethical business conduct, abuse or wrongdoing or violation of any Indian law. The said policy is applicable to employees, directors, trustees and any other stakeholders of the Company. The Policy is also available on the website of the Company.

During the FY 2024-25, no person was denied access to the Audit Committee of the Company.

CORPORATE SOCIAL RESPONSIBILITY

In terms of Section 135 of the Act, your Company has formed an Corporate Social Responsibility (CSR) Committee to inter-alia approve activities to be undertaken, expenditure to be incurred and to monitor the performance of the CSR activities undertaken by the Company. The CSR policy is available on the Company’s website.

The annual report on CSR activities in accordance with the Companies (Corporate Social Responsibility Policy) Rules, 2014 as amended, is set out at “Annexure-B” to this report. During the year, the Company has fully spent the required amount towards CSR activities.

RISK MANAGEMENT

Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Risk management’s objective is to assure uncertainty does not deviate the endeavor from the business goals. The Risk Management Committee (RMC) of the Company enhances focus on risk identification and mitigation. The Committee is responsible for monitoring and reviewing the risk management plan and ensuring its effectiveness. The Company has in place a mechanism to inform the Board about the risk assessment and minimization procedures and periodical review to ensure that management controls risk through means of a properly defined framework.

DISCLOSURE UNDER ‘THE SEXUAL HARASSMENT OF WOMEN AT WORK PLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

The Company has in place a Prevention of Sexual Harassment Policy in line with the requirements of ‘The Sexual Harassment of Women at Work Place (Prevention, Prohibition and Redressal) Act, 2013. An Internal Complaints Committee has been set up to redress complaints received regarding sexual harassment. During the FY 2024-2025 following are the details of Complaints of sexual harassment:

(a) number of complaints of sexual harassment received in the year - NIL

(b) number of complaints disposed off during the year - NIL

(c) number of cases pending for more than ninety days - NIL

COMPLIANCE OF MATERNITY BENEFITS ACT, 1961

During the FY 2024-2025, Company was in compliance with the provisions relating to the Maternity Benefits Act, 1961.

DEPOSITS

The Company has neither accepted nor renewed any fixed deposits during the year under review under Section 73 and 74 of the Companies Act, 2013 read together with the Companies (Acceptance of Deposits) Rules, 2014. There are no unclaimed deposits, unclaimed / unpaid interest, refunds due to the deposit holders or to be deposited to the Investor Education and Protection Fund as on March 31, 2025.

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

A. Conservation of Energy:

Since, your company does not undertake any manufacturing facility; the provisions pertaining to Section 134(3) (m) of the Companies Act, 2013 regarding conservation of energy is not applicable to the Company.

B. Research and Development (R&D):

The Company believes that in order to improve the quality and standards of services, the Company should have a progressive Research and Development Process, which should keep on increasing along with the scale of operations of the Company.

C. Technology absorption, adaptation and innovation:

Since, your company does not undertake any manufacturing facility; the provisions pertaining to Section 134(3) (m) of the Companies Act, 2013 regarding technological absorption is not applicable to the Company.

D. Foreign Exchange Earning and Outgo:

During the year under review, there was no earning or outgoing in foreign exchange.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS

There are no significant and material orders passed by the Regulators / Courts / Tribunals which would impact the going concern status of the Company and its future operations.

MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY

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 the report.

ANNUAL RETURN

Annual Return in Form MGT-7 as referred to in Section 92(3) has been placed on the website of the company i.e. www.quantmutual.com.

DIRECTORS’ RESPONSIBILITY STATEMENT

To the best of their knowledge and belief and according to the information and explanations obtained by them, your Directors make the following statements in terms of Section 134(3)(c) of the Companies Act, 2013:

(a) that in the preparation of the annual accounts for the Financial Year 2024-2025, the applicable accounting standards have been followed along with proper explanation relating to material departures;

(b) that the Directors have 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) that the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(d) that the Directors have prepared the annual accounts on a going concern basis;

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

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

PARTICULARS OF EMPLOYEES

The details required in terms of Section 197(12) of the Companies Act, 2013 read with Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is available for inspection at the Registered Office of the Company during business hours on working days of the Company. Any shareholder interested in obtaining a copy thereof, may write to the Secretarial Team of the Company in this regard.

CHANGE IN THE NATURE OF BUSINESS

During the FY 2024-25, there has been no change in the nature of the business of the Company.

DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 (31 OF 2016)

During the year along with their status as at the end of the financial year. The Company does not have any application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016.

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.

The Company has not made any one-time settlement with the Banks or Financial Institutions. TRANSFER TO IEPF

Your Company did not have any funds lying unpaid for a period of seven years. Therefore, there were no funds which required to be transferred to Investor Education and Protection Fund (IEPF).

COMPLIANCE

The Company has complied and continues to comply with all the applicable rules, regulations and guidelines issued by Companies Act, 2013, SEBI (Mutual Fund) Regulations, 1996 as well as Association of Mutual Funds in India (AMFI).

Further, during the FY 2024-25, the Company had complied with the applicable Secretarial Standards i.e. Secretarial Standards on Meeting of the Board of Directors (SS-1) and Secretarial Standards on General Meetings (SS-2), issued by the Institute of Company Secretaries of India, in terms of the Act.

ACKNOWLEDGEMENT

Your Directors thanks our Shareholders, vendors, investors and bankers for their consistent support and encouragement to the Company during the year. We place on record our appreciation of contribution made by our employees at all levels. Our consistent growth was made possible by their hard work, solidarity, cooperation and support.

Your Directors also thanks the Government of India, particularly the Securities and Exchange Board of India, Ministry of Finance, the Ministry of Corporate Affairs, The Income Tax Department, the Reserve Bank of India, the State Government and other government agencies for their support, and look forward to their continued support in the future.