Your Directorshave pleasure in presenting their 39^th Annual Report on business and operations along with the Audited Financial
Statement for the Financial Year ended March 31, 2025.

1. Financial Results

The Company’s Financial Performance for the year ended March 31, 2025, is summarized below:

2. Performance of the Company and State of Affairs:

Your Company is a non-deposit taking company a category - B, NBFC Company, registered with the Reserve Bank of India.
During the financial year 2024-25, the revenue from operationsamounted to Rs.1329.79 Lakhs as against Rs.1102.92 Lakhs in the
previous year registered an increase of 20.57% over the previous year.

The growth trend continued whereby your Company posted Net Profit after Tax of Rs. 890.26 Lakhs for F. Y. 2024-25 as against the
Profit of Rs. 770.06 Lakhs during the previous financial year, registering an increase of 15.61% over the previous year. As an NBFC,
the Company is having its primary activities of lending and the performance in the financial year 2024-25was found to be better
than the previous year(s).

Your company works in 2 (Two) Segments related i.e. (i) NBFC Activity and (ii) Power Generation business (Windmill). During the
period, the company has disposed off 1 (One) Windmill and continues to run the Power Generation Business with 1 (One)
Windmill.

3. Change in the nature of business:

During the year under review, there were no changes in the nature of the business activities.

4. Dividend:

In order to preserve the profit and to utilize such amount in the business activities, your Board of directors does not recommend
any dividend during the year 2024-25 under review. (Previous year: Nil)

5. Transfer of Amount to the NBFC Reserves or any other reserve:

The Board of directors of your Company has decided not to transfer any amount to the General Reserves or any other reserve for
the financial year ended 31^st March 2025, however the Company has transferred Rs.178.05 Lakhs to the NBFC Statutory Reserve
as per requirement of the Directions of the RBI to the NBFC (P.Y. Rs. 154.01Lakhs).

6. Capital Structure:

The Paid-up Equity Share Capital as on 31^st March 2025 is Rs.750.00 Lakhs divided into 75.00 Lakhs Equity Shares of Rs.10/- each,
carrying voting rights. During the year under review, the company has not issued any shares including with differential voting
rights nor granted stock options nor sweat equity Sharesas on 31^st March 2025.

7. Listing of Shares of the Company:

The entire 75,00,000 equity shares of Rs. 10/- each of the company continue to remain listed on BSE Ltd. (Scrip Code: 511359). The
company has paid the Annual Listing Fees for the year 2025-26 to BSE Ltd. and the Custodian fee to CDSL and NSDL for the
financial year 2025-26 on time. The shares of the Company arefrequently traded at BSE Ltd.

8. Transfer of Amount and Shares to Investor Education & Protection Funds (IEPF):

Pursuant to the provisions of the Companies Act, 2013 read with the IEPF Authority (Accounting, Audit, Transfer and Refund)
Rules, 2016 (“the Rules”) all unpaid or unclaimed dividend are required to be transferred by the company to the IEPF Authority
established by the Government, after the completion of seven years. Further, according to the rules, the resulting shares on which
dividend has not been paid or claimed by the shareholders for 7 (seven) consecutive years or more also need to be transferred to
the Demat account of the IEPF Authority.

Since, after the financial year 2014-15, the Company has not declared dividends, hence there is no amount of dividend remains
unpaid/unclaimed for a period of more than 7 years as well as resulting shares, which needs to be transferred to the IEPF
Authority.

9. Web Address for Placing Annual Return:

Pursuant to Section 92(3) read with Section 134(3)(a) of the Companies Act, 2013 read with Rule 12 of the Companies (Management
and Administration) Rules, 2014, the Annual Return as on 31^st March, 2025 can be accessed on the website of Company at
following link: http://www.admanumfinance.com/annualreports.php.

10. Directors’ Responsibility Statement:

Pursuant to section 134(5) of the Companies Act, 2013, the Board of directors, to the best of its knowledge and ability, confirm that:

a) In the preparation of the annual accounts for the year ended 31^st March 2025, the applicable accounting standards have been
followed along with proper explanation relating to material departures, if any;

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 31^st March 2025 and
of the profit of the company for the year ended on that date;

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

d) The Directors had prepared the annual accounts on a “going concern” basis;

e) The Directors had laid down internal financial controls to be followed by the company and that such internal financial
controls are adequate and were operatingeffectively;

f) 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.

11. Board Meetings:

During FY 2024-25, 6 (Six) Board Meetings were convened and held. The intervening gap between the meetings was within the
period prescribed under the Companies Act, 2013 along with their rules, Secretarial Standard and the SEBI (LODR) Regulations,
2015. The details of the Board meetings held during the year along with the attendance of the respective directors are set out in
the Corporate Governance Report forming part of this annual report.

12. Committees of the Board:

The Board of Directors of the Company has duly constituted the following committees as per the provisions of the Companies
Act, 2013 and SEBI (LODR) Regulations, 2015:

a) Audit Committee

b) Stakeholder Relationship Committee

c) Nomination and Remuneration

d) Corporate Social Responsibility Committee

A detailed note on the Board and its committees is provided under the Corporate Governance Report section in this report as
Annexure-A

13. Particulars of Loans, Guarantees, Security or Investments u/s 186 of the Companies Act, 2013:

Since, the company is registered as an NBFC with RBI, therefore, the provisions of section 186 of the Companies Act, 2013 and the
disclosures relating thereto are not applicable to the company. However, the Company has made certain investments and provided
loans to certain corporates in the ordinary course of business. Details of which can be reviewed in the Financial Statements of the
company.

14. Particulars of Contracts or Arrangements with Related Parties referred to under Section 188(1) of the Companies Act, 2013:

The company has entered into related party transactions as specified under section 188(1) of the Companies Act, 2013 during the
financial year which were in the ordinary course of business and on an arm’s length basis and were not material. Hence, the
disclosure in the Form AOC-2 is not required to be annexed with the Board Report.

However, in respect to the provisions of Regulation 23 of the SEBI (LODR) Regulations, 2015, the company has entered certain
transactions for transfer of resources including receiving and granting of Loans, which were categorized as material related party
transactions in the ordinary course of business and on an arm’s length basis for which the company has already taken approval
of its members in the 38^thAnnual General Meeting held on 20^th Sept., 2024.

For further details, please refer to the relevant notes to the Standalone Financial Statements which forms the part of this Annual
Report.

Pursuant to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11^thNovember, 2024, your Board of director is
proposing to pass an Ordinary Resolution under Regulation 23 of the SEBI (LODR) Regulations, 2015 for continuing the transactions
for transfer of resources including receiving and granting of Loansto Related Parties in the Ordinary Course of Business.

15. Auditors and their Reports:

a) Statutory Auditors and Statutory Audit Report:

Pursuant to the provisions of section 139 of the Companies Act, 2013, read with the Companies (Audit and Auditors) Rules, 2014,
as amended from time to time, M/s Mahendra Badjatya & Co., Chartered Accountants, (F.R.No.001457C) were appointed as the
Auditors of the Company to hold the office from the conclusion of 36^th Annual General Meeting held on 20^th September, 2022 for
a period of 5 years till the conclusion of 41^st Annual General Meeting to be held in the year 2027on such remuneration as may be
mutually decided by the Auditors and Board. As required under Regulation 33(1)(d) of the SEBI (LODR) Regulation, 2015, the
auditor has confirmed that they continue to hold a valid certificate issued by the Peer Review Board of the Institute of Chartered
Accountants of India.

The Report made by the Statutory Auditors on the Financial Statements of the Company for the financial year ended 31^st March
2025, read with the Notes therein, are self-explanatory and, therefore, do not call for any further explanation or comments from the
Board under section 134(3)(f) of the Companies Act, 2013. The Auditor’s Report does not contain any qualification, reservation,
disclaimer or adverse remarks.

b) Secretarial Auditor and Secretarial Audit Report:

Pursuant to the provisions of section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014, the Board of Directors of your company had appointed M/s D.K. Jain & Co., Company
Secretaries, Indore (FRN-S2003MP064600) to undertake the Secretarial Audit of the company for the FY 2024-25. The Secretarial
Audit Report for the F. Y. ended March 31, 2025, in Form MR-3 is annexed as Annexure B and forms part of this Report. There are
certain observations in the Secretarial Audit Report which need comments by the Board of Directors of the company, which are
as follows:

1. It is observed that the Special Contingency Insurance Policy obtained by the company was expired on 15/02/2025, which
has not renewed as required under Para 5 of SEBI Cir. No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/70 dtd. 25.05.2022.

2. The company has not obtained the Insurance Policy related to IEPF as required under Investor Education and Protection
Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2024.

3. The Company has paid excess remuneration of Rs. 9,93,444/- to its Whole-time Director and CEO, Mr. Dharmendra Agrawal
than the sanctioned remuneration by the Company in its general meeting by way of special resolution passed on 20^thSeptember,
2022 which needs to be regularized as per provisions of section 197(10) of the Companies Act, 2013.

Explanation by the Board of Directors:

1. The Special Contingency Insurance Policy was merged with the Insurance Policy w.r.t. IEPF and the said dual cover was not
available with the Insurance Service Providers till March 31, 2025. However, as soon as the same became available, the
Company has availed the dual cover w.e.f. 27/05/2025.

2. The excess remuneration Rs. 9,93,444/- was paid to the Whole-time Director and CEO, Mr. Dharmendra Agrawal as in the
earlier resolution passed by the Members, there was no provisions for the annual increment as well as statutory and other
employee benefits which needs to be paid as per policy of the Company. However, it was considered and approved by the
Nomination and Remuneration Committee and the Board, who has further recommended seeking approval of members by
way of special resolution for waiver of the excess remuneration is paid and regularize the same.

Further, the Board of directors of the Company on the recommendation of the Audit Committee, at its meeting held on 2^nd
August, 2025 has recommended the members to approve the appointment of M/s D.K. Jain & Co., Company Secretaries
(FRN: S2003MP064600)to conduct Secretarial Audit for a period of five (5) consecutive years, commencing on April 1, 2025,
until March 31, 2030, to conduct Secretarial Audit of the Company and to furnish the Secretarial Audit Report.

M/s D.K. Jain & Co., Company Secretaries has consented to act as the Secretarial Auditor of the Company and confirmed
that he is not disqualified to be appointed as the Secretarial Auditor under the applicable provisions of the Act, rules made
thereunder, and SEBI Listing Regulations.

c) Internal Auditors & Internal Audit Report:

The Board had appointed M/s VSK & Company (Firm Registration Number: 000837C, Practicing Chartered Accountants as
an Internal Auditor of the Company for the Financial Year 2024-25. The Internal Auditor reports their findings to the Audit
Committee of the Board. The audit function maintains its independence and objectivity while carrying out assignments. It
evaluates on a continuous basis, the adequacy and effectiveness of internal control mechanism with the interaction of KMP
and functional staff.The company has taken stringent measures to control the quality of disbursement of loans and its
recovery to prevent fraud. The company has also taken steps to check the performance of the functional employees of the
company at branch level.

d) Cost Audit and Records:

Since the company is not carrying any manufacturing activity except generation of power from the windmill. However, it is
not required to maintain cost records as specified by the Central Government under Section 148(1) of the Companies Act,
2013 not applicable to conduct Cost Auditduring the year under review.

16. The Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo:

A. Conservation of Energy:

Your company, being a Non-Banking Financial Company and generating power from the Windmills has no activities involving
conservation of energy. However, adequate measures are being taken to reduce energy consumption through efficient
usage of office equipment and digital communication. The Company continues to adopt energy-saving practices wherever
applicable.

B. Technology Absorption:

The Company does not undertake any manufacturing activity requiring technology absorption. However, it uses modern
financial software and IT infrastructure to enhance operational efficiency and customer service. The Company remains
updated with technological advancements relevant to the NBFC sector.

C. Foreign Exchange Earnings and Outgo

a. Foreign Exchange Earnings: Nil

b. Foreign Exchange Outgo: Nil

17. Details of Subsidiaries, Associate Companies and Joint Ventures:

The company does not have any subsidiary, associate company, or joint venture within the provisions of the Companies Act,
2013 either at the beginning or at the end of the financial year. However, the Company is an associate of foreign company namely
Agarwal Coal Corporation(s) Pte. Ltd. (Singapore) which holds 36.93% shares as the Promoter Group of the Company.

18. Statement indicating Development and Implementation of a Risk Management Policy for the Company including Identification
therein of Elements of Risk:

The Company is primarily engaged in the business of Investment and Lending Activities and is associated with the normal
business risk of the market. Any change in the taxation policy by the Government or any policy change made by the Reserve Bank
of India may adversely affect the profitability of the Company. The Company has adequate internal control to monitor the financial
transactions, and the books of accounts are being audited by the independent auditor of the Company.

19. Directors and Key Managerial Personnel:

a) Changes in Directors and KMP during the Financial Year:

During the period under review, the following changes were made to the Composition of Board of Directors and KMPs of the
Company: -

i. Appointment of Ms. Apoorva Jain (DIN: 10714927) as an Independent Woman Director of the Company and Mr.
Pradhumn Pathak (DIN: 10697083) as an Independent Director of the Company w.e.f. August 1, 2024 for a first term of
5 (Five) years which was confirmed in the 38^th Annual General Meeting (AGM) of the Company held on September 20,

2024.

ii. Resignation of Mr. Sahive Alam Khan (DIN: 09179685) and Ms. Priyanka Jha (DIN: 07347415) from the position of
Independent Directors of the Company w.e.f closure of working hours of August 1, 2024.

iii. Resignation of Mr. Vikas Gupta from the post of Chief Financial Officer (CFO) of the Company w.e.f. closure of
business hours of February 15, 2025.

iv. Appointment of Mr. Ronak Sharma as Chief Financial Officer (CFO) of the Company w.e.f. March 12, 2025.

b) Changes in Directors and KMP after the closure of the Financial Year but before the approval of this Report:

i. Resignation of Mr. Ronak Sharma from the post of Chief Financial Officer (CFO) of the Company w.e.f. closure of
business hours of June 05, 2025.

ii. Appointment of Mr. Dheeraj Bajoliya as the Chief Financial Officer (CFO) and categorized as KMP w.e.f. August 02,

2025.

c) Independent Directors:

Pursuant to the provision of the Companies Act, 2013, company had 3 (Three) Independent Directors as at 31^st March, 2025
including 1 (One) Woman Director which are as follows:

1) Mr. Dhawal Bagmar (DIN: 10217380)

2) Ms. Apoorva Jain(DIN: 10714927)(Woman Independent Director)

3) Mr. Pradhumn Pathak (DIN: 10697083)

d) Statement on Declaration by Independent Directors under section 149(6) of the Companies Act, 2013:

The Company has received necessary declaration from all the Independent Directors as required under section 149(6) of the
Companies Act, 2013 confirming that they meet the criteria of Independence as per the Companies Act, 2013 and Regulation
16(1)(b) of SEBI (LODR) Regulation, 2015.In the Opinion of the Board, all the independent directors fulfill the criteria of
independence with regard to integrity, expertise and experience (including proficiency) as required under the Companies
Act, 2013 and the SEBI (LODR) Regulations, 2015 as amended from time to time. All the Independent Directors are also
registered with the databank maintained by the IICA as per the requirement of the Companies Act, 2013.

e) Opinion of the Board with regard to integrity, expertise and experience including the proficiency of the Independent
Directors appointed during the year:

During the period under review, the company has appointed Ms. Apoorva Jain (DIN: 10714927) as a Woman Independent
Director and Mr. Pradhumn Pathak (DIN: 10697083) as an Independent Director. Ms. Apoorva Jain is a Qualified Company
Secretary with experience in the domain and has expertise in Company Law matters and SEBI regulations and Mr. Pradhumn
Pathak is a Qualified Chartered Accountant with experience in the domain and he has expertise in Financial management,
Statutory audit and internal audit and the Board is of the view that both the Independent Directors are person of integrity,
expertise, and proficiency to serve the Company as independent directors strengthening the overall composition of the
Board.

f) Directors seeking confirmation/re-appointment in the ensuing General Meeting:

Mr. Sanjeev Sharma, (DIN: 07839822), who is liable to retire by rotation in the ensuing General Meeting, seeks re-appointment
as Director of the Company.

Brief profile of all the directors proposed to be re-appointed at the ensuing annual general meeting has been provided in the
notice of the Annual General Meeting.

20. Significant/ Material orders passed by the Regulator or Court or Tribunals:

There have been no significant/material orders passed by any regulator or court or tribunal which would impact the going concern
status of the company and its future operations.

21. Material Changes and Commitments, if any, 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:

There have been no material changes and commitments affecting the financial position of the Company which occurred between
the end of the financial year of the Company to which the financial statements relate and the date of the report.

22. Details in respect of the Adequacy of Internal financial controls with Reference to the Financial Statements:

Your Company has in place adequate internal control system (including internal financial control system) commensurate with the
size of its operations. The company has adequate internal financial control backed by sufficient qualified staff, system software
and special software’s. The company has also an internal audit system by the external agency.

23. Confirmation regarding Compliance with the Maternity Benefit Act, 1961:

As on March 31, 2025, the Company has two female employees on its rolls. However, during the year, there was no instance of any
benefit under the Maternity Benefit Act, 1961, being availed by any of the female employees of the Company.

The Company affirms that it adheres to the provisions of the Maternity Benefit Act, 1961, and is committed to ensuring compliance
with all applicable statutory requirements related to maternity benefits, including maternity leave, benefits during the period of
absence, and protection of employment. The Company remains dedicated to providing a safe, inclusive, and supportive work
environment for all its employees.

24. The Details Relating to Deposits Covered under Chapter V of the Act, 2013:

The Company is a non-deposit taking Category-B,NBFC Company registered with the Reserve Bank of India. Therefore, provisions
of section 73 to 76 of the Companies Act, 2013 read with Companies (Acceptance of Deposit) Rules, 2014,is not applicable to the
company. Further the Company has not accepted any deposit in contravention of the provisions of the Companies Act, 2013 as
well as RBI directions.

25. Non-Performing Assets and Provisions:

The company has ascertained Non-Performing Assets under Non-Banking Financial (Non- Deposit accepting or holding)
Companies Prudential norms (Reserve Bank) Directions, 2007, as amended from time to time, and made adequate provisions there
against. The company did not recognize interest in income on such Non-Performing Assets. The Company has not written off any
unrecoverable amount as bad debts during the year (Previous year: Nil)

26. Compliance of RBI Guidelines:

The company continues to comply with all the requirements prescribed by the RBI for the NBFC Companies from time to time.

27. Compliance with Secretarial Standards:

Your Company is in compliance with the Secretarial Standards specified by the Institute of Company Secretaries of India.

28. Corporate Governance and Management Discussion and Analysis:

Regulation 34 read with Schedule V of SEBI (LODR) Regulations, 2015 and the Companies Act, 2013, the corporate governance
report, management discussion and analysis report, certificate from Practicing Company Secretary regarding non disqualification,
debarred for being appointment or continue to be appointed and the auditor’s certificate regarding compliance of conditions of
corporate governance is enclosed herewith as per Annexure - A.

29. Disclosure of Codes, Standards, Policies and compliances there under:

a) Know Your Customer and Anti money laundering measure policy

Your company has a Board approved Know Your Customer and Anti Money Laundering Measure Policy (KYC and AML
Policy) in place and adheres to the said policy. The said policy is in line with the RBI Guidelines.

The Company has also adhered to the compliance requirement in terms of the said policy including the monitoring and
reporting of cash and suspicious transactions. No cash transactions of thevalue of more than Rs.10,00,000/- or any
suspicious transactions whether or not made in cash noticed by the company in terms of the said policy.

b) Fair Practice Code:

Your company has in place a Fair Practice Code (FPC), as per RBI Regulations, which includes guidelines from appropriate
staff to conduct when dealing with the customers and on the organizations policies vis-a-vis client protection. Your
company and its employees duly complied with the provisions of FPC.

c) Code of Conduct for Board of Directors and the Senior Management Personnel:

Your company has adopted a code of conduct as required under Regulation 17 of SEBI (LODR) Regulations 2015, for its
members of the Board of Directors and the senior management personnel. The code requires the directors and employees of
the company to act honestly, ethically and with integrity and in a professional and respectful manner. The certificate of
Management is attached with the Report in the Corporate Governance section.

d) Code for Prohibition of Insider Trading Practices:

Your company has in place a code for prevention of insider trading practices in accordance with the model code of conduct,
as prescribed under SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended and has duly complied with the
provisions of the said code.

e) Whistle blower policy & Vigil Mechanism:

Pursuant to the provisions of section 177(9) and (10) of the Companies Act, 2013 read with rule 7 of Companies (Meeting of
Boards and its Powers) Rules, 2014 and Regulation 22 of SEBI (LODR) Regulations, 2015, the company had adopted a
whistle blower policy which provides for a vigil mechanism that encourages and supports its directors and employees to
report instances of unethical behavior, actual or suspected, fraud or violation of the company’s code of conduct policy. It
also provides for adequate safeguards against victimization of persons who use this mechanism and direct access to the
chairman of audit committee in exceptional cases. Policy of the Whistle Blower of the Company has been given at the
website of the company at https://www.admanumfinance.com/

Whistle%20Blower%20Policy%20&%20Vigil%20Mechanism.pdfand attached the same as Annexure C to this report.

f) Prevention, Prohibition and Redressal of Sexual Harassment of women at workplace:

Your Company has zero tolerance for sexual harassment at workplace. The Company has adopted a Policy on 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 (‘POSH Act’) and the rules framed there under. All employees
(permanent, contractual, temporary, trainees) are covered under this policy.

As per the requirement of the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013
(‘Act’) and Rules made there under, your company has constituted Internal Complaints Committees (ICC). Statement
showing the number of complaints filed during the financial year and the number of complaints pending as on the end of the
financial year is shown as under:

Since, there was no complaint received during the year which is appreciable as themanagement of the company endeavor efforts
to provide safe environment for thefemale employees of the company.

Total Strength of the Employees as on 31^stMarch, 2025 is as follows:-

g) Nomination, Remuneration and Evaluation Policy (NRE Policy):

The Board has, on the recommendation of the nomination and remuneration committee framed a Nomination, Remuneration
and Evaluation Policy which lays down the criteria for identifying the persons who are qualified to be appointed as directors
and, or senior management personnel of the company, along with the criteria for determination of remuneration of directors,
KMP’s and other employees and their evaluation and includes other matters, as prescribed under the provisions of section
178 of Companies Act, 2013 and Regulation 19 of SEBI (LODR) Regulations 2015. Policy of the Company has been given at
the website of the Company at https://www.admanumfinance.com/Nominatin%20&%20Remunaration%20Policy.pdf.The
details of the same are also covered in the Corporate Governance Report forming part of this Annual Report.

h) Related Party Transactions Policy:

The related party transaction policy formulated by the company defines the materiality of related party and lays down the
procedures of dealing with related party transactions. The details of the same are posted on the Company website at https:/
/www. admanumfinance.com/AMFL%20RPT%20Policy.pdf

All Related Party Transactions are placed before the Audit Committee and were duly approved as may be required.

i) Policy of company for the appointment of Directors and their remuneration:

Policy of company for the appointment of Directors and their remuneration is hosted on the website
(www.admanumfinance.com) of the company as per the requirement of the section 178 of the Company Act, 2013.

30. Details about the Policy Developed and Implemented by the Company on CSR (Corporate Social Responsibility) Initiatives taken
during the Year:

During the financial year ended 31^st March 2025, the Company has incurred net CSR expenditure of Rs. 12,35,080 (Rupees Twelve
lacs Thirty Five Thousand Eighty Only) towards CSR Activities against obligation of Rs. 12,35,079 (Rupees Twelve lacs Thirty Five
Thousand Seventy Nine Only) pursuant to the provisions of Section 135(5) of the Companies Act, 2013 read with the Companies
(Corporate Social Responsibility Policy) Rules, 2014.

The CSR (Corporate Social Responsibility) policy of the Company can be accessed on the website of the company at following
link:

https://www.admanumfinance.com/CSR%20Policv%20AMFL%2020JAN25.pdf

The Annual report on the CSR activities undertaken during the financial year ended 31^st March 2025 in accordance with provisions
of section 135 of the Companies Act 2013 read with rule 8 of companies (corporate social responsibility policy Rules 2014 is
enclosed herewith as per “Annexure -D”

31. Statement indicating the Manner in which Formal Annual Evaluation has been made by the Board of its Performance and that of
its Committees and Individual Directors:

The Performance evaluation was conducted for evaluation of the Board, Chairman of the Board and Committees, Executive
Directors and Independent Directors of the Company for the financial year 2024-25 as per provisions of the Companies Act, 2013
and requirements of SEBI (LODR) Regulations, 2015.

The Nomination and Remuneration Committee has devised criteria for evaluation of the performance of the Board, its committees,
and Directors including Independent Directors whichinter-alia includes attendance of Directors at Board and committee meetings,
acquaintance with business, communicating inter-se board members, effective participation, domain knowledge, compliance
which code of conduct, vision, and strategy. The Board, on the recommendation of the Nomination and Remuneration Committee
carried out an annual performance evaluation of the Board, Committees, and Individual Directors.

The report on performance evaluation of the Individuals Directors was reviewed by the Chairman of the Board and feedback was
given to Directors.

Pursuant to the provisions of the Companies Act, 2013 read along with their rules and Regulation 25(4) of SEBI (LODR) Regulations
2015, an Annual Performance evaluation of the Board, the directors individually as well as the evaluation of the working of the
board committees including audit committee and other committees of the Board of Directors of the company was carried out
during the year and is covered under the Corporate Governance Report forming part of this annual report.

32. Particulars of Employees:

The ratio of the remuneration of each director to the median employee’s remuneration and other details in terms of u/s 197(12) of
the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014, are forming part of this report and is annexed as per Annexure -E.

The Company has only 7 (Seven) employees on 31^stMarch, 2025 and the particulars thereof in terms of remuneration drawn as per
rule 5(2) read with rule 5(3) of Companies (Appointment and remuneration of Managerial Personnel) Rules, 2014 as amended, is
annexed with the report as Annexure- F.

There are certain employees in the company who were in receipt of remuneration in excess of that drawn by one of the whole-time
directors. However, the said employeealong with her spouse and dependent children is not holding more than 2% of the Equity
shares of the company. Therefore, the disclosure under rule 5 of Companies (Appointment and remuneration of Managerial
Personnel) Rule, 2014 is not required.

Further, there is no employee drawing remuneration of Rs. 8.50 Lakhs per month or Rs. 102.00 Lakhs per year, therefore, the
disclosure of particulars of employees as required u/s 197(12) of the Companies Act, 2013 read with Rule 5(2) and Rule 5(3) of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, are not applicable to the Company.

33. Details in Respect of Fraud Reported by Auditor’s under Section 143(12) of the Companies Act, 2013 other than those which are
Reportable to the Central Government:

During the year under review, Auditors have not reported, any instances of fraud committed against your Company by its officers
and employees to the Board, details of which would need to be mentioned in the Board’s Report under section 143(12) of the
Companies Act, 2013.

34. Provision of voting by electronic means:

Your Company is providing E-voting facility under section 108 of the Companies Act, 2013 read with Rule 20 of the Companies
(Management and Administration) Amendment Rules, 2015. The Ensuing AGM will be conducted through Video Conferencing/
OVAM, and nophysical meeting will be held, and your company has made necessary arrangements with CDSL to Provide facility
for Remote E-Voting and E-voting at AGM. The details regarding E-Voting facility are provided with the notice of the Meeting.

35. Details of Application or Proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the
financial year along with their Status as at end of Financial Year:

A. Details of application filed against the Company during the financial year under review:

The Board confirmthat neither any application is filed nor proceeding is pending against the company under section 7, 9 or 10 of
the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year under review.

B. Details of application filed by the Company against the Corporate Debtors during the financial year under review:

The Board confirms that neither any application is filed by the Company nor proceeding is pending in the matter of application is
filed by the Company u/s 7 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year under review.

36. General Disclosure:

Your directors state that no disclosure or reporting is required in respect of the following items as there were no transactions on
these matters or were not applicable to the Company during the year under review:

a. The Company has not issued shares (including sweat equity shares) to employees of the Company under any scheme;

b. Your Company has neither announced any Corporate Action (buy back of securities, payment of dividend declared, mergers
and de-mergers, split and issue of any securities) nor failed to implement or complete the Corporate Action within prescribed
timelines.

c. There were no voting rights exercised by any employee of the Company pursuant to section 67(3) read with the Rule 16 of
the Companies (Share Capital and Debenture) Rules, 2014.

d. There was no instance of one-time settlement with any Bank or Financial Institution.

e. There is no requirement to conduct the valuation by the bank and no valuation done at the time of one-time Settlement
during the period under review;

f. There were no revisions in the Financial Statement and Board’s Report.

g. The company has not given any commission to WTD during the period under review.

37. Acknowledgements:

Your directors express their deep sense of gratitude to the banks, stakeholders, business associates, Central and State Governments
for their co-operation and support and look forward to their continued support in future.Your directors place on record their
sincere appreciation to all KMPs/employees of the Company for their unstinted commitment and continued contribution to the
Company. We applaud them for their superior levels of competence, dedication and commitment to your Company.

CIN: L52520MP1986PLC003405
Registered Office:

By Order of the Board

Agarwal House,

Ad-Manum Finance Limited

5, Yeshwant Colony,

Indore (MP) 452003

Place: Indore Sanjeev Sharma Dharmendra Agrawal

Date : August 2, 2025 Whole-time Director ^{Whole-time Director} & CEO

DIN: 07839822 DIN: 08390936