Your Directors have pleasure in presenting the 21^stAnnual Report of the Company along with
the audited standalone financial statements for the financial year ended March 31, 2025

FINANCIAL PERFORMANCE

The financial performance of the Company for the year ended 31^st March, 2025, is summarized
below:

During the year under review, the Company witnessed a considerable growth. The total income
during the year under review has increased by 73.42 % from Rs. 43,843.14 lakhs in the previous
to Rs. 76,035.50 lakhs. This growth was owing to improved demand, capacity utilization and
expansion undertaken by the Company. The Profit Before Tax (PBT) was Rs. 1,480.24 lakhs
against Rs. 1,381.57 lakhs in the previous year. The Profit After Tax (PAT) was Rs. 1,013.48
lakhs against Rs. 1,040.08 lakhs in the previous year. There was also a slight dip in the Profit
after tax which was due to the initial cost of expansion incurred by the Company.

Change in the nature of business

There has been no change in the nature of business of the Company during the year.

Management Discussion and Analysis

The Company's business activity primarily falls within a single business segment i.e.,
manufacturing, exporting and supplying of industrial steel wires, aluminium wires and
galvanized wires. The analysis on the performance of the industry, the Company, internal control
systems, risk management are presented in the Management Discussion and Analysis Report
forming part of this report.

DIVIDEND

In order to conserve resources for future expansion, the Board has not recommended any
dividend for the financial year ended 31^stMarch, 2025.

TRANSFER TO RESERVES

No amount has been transferred to the general reserves during the financial year under review.
SHARE CAPITAL

There was no change in the authorized, issued, subscribed or paid-up share capital of the
Company during FY 2024-25.

The Company has not accepted any deposits from the public as defined under Sections 73 to 76
of the Companies Act, 2013 read with relevant rules.

CHANGE IN NATURE OF BUSINESS

There has been no change in the nature of business of the Company during the financial year.
MATERIAL CHANGES AND COMMITMENTS

There have been no material changes and commitments affecting the financial position of the
Company between the end of the financial year and the date of this Report

SUBSIDIARIES, JOINT VENTURES, OR ASSOCIATE COMPANIES

As on 31^stMarch, 2025, the Company has no subsidiaries, joint ventures or associate companies.

Transfer of unpaid & Unclaimed Dividends & Shares to Investor Education and Protection
Fund (IEPF):

Pursuant to Sections 124 and 125 of the Companies Act, 2013 read with the Investor Education
and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (“IEPF
Rules”), there are no unpaid & unclaimed dividend pending with the Company for a period of
more than seven years hence there is no amount transferred to IEPF.

SHARES CAPITAL

The Authorized Share Capital of the Company is Rs. 54,00,00,000/- divided into 27,00,00,000
equity shares of Rs. 2/- each.

Equity Shares:

The paid-up Equity Share Capital as on 31^st March,2025 is Rs.53,25,60,000/- divided into
26,62,80,000 Equity Shares of Rs. 2/- each.

in terms oi suo-rute (13) oi Rule 8 oi companies (Share capital ana Debentures) Rules, 2014,
the Company has not issued any Sweat Equity Shares.

Differential Voting Rights:

In terms of Rule 4(4) of Companies (Share Capital and Debenture Rules, 2014), the Company
has not issued any share with Differential Voting Rights.

Employee Stock Options:

In terms of Rule 12(9) of Companies (Share Capital and Debenture Rules, 2014), the Company
has not issued any Employee Stock Options.

RESERVES

During the year under review, your Directors have not proposed to transfer any amount to
Reserves.

ANNUAL RETURN

The Annual Return of the Company as on 31^st March, 2025 in Form MGT - 7 is in accordance
with Section 92(3) of the Act read with the Companies (Management and Administration) Rules,
2014 and is available on the website of the Company at www.kritikawires.com

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

Conservation of Energy:

Your Company continues to lay emphasis on conservation of energy. The management
consistently monitors energy usage across all manufacturing units and takes conscious steps to
optimize energy efficiency. Several initiatives were undertaken during the year to reduce overall
energy consumption and enhance process efficiency.

Technology Absorption:

The Company recognizes that continuous technological improvement is key to staying
competitive in the wire manufacturing sector. It actively absorbs and adapts new technologies tc
enhance product quality, process reliability, and cost effectiveness.

Foreign Exchange Earning and Outgo:

The Company is continuously in search of new market throughout the globe for making it
presence worldwide.

During the year under review, the details of foreign exchange earnings and outgo are as giver
below

RISK MANAGEMENT

The Board of Directors of Kritika Wires Limited recognizes that risk management is an integral
part of good governance and a key element in achieving long-term strategic objectives. The
Company follows a structured approach to identify, assess, and mitigate various internal and
external risks across its operations, with a view to protecting stakeholder interests and enhancing
business resilience.

On identification of a risk the management implements mitigation plans and is monitored
through management reviews and internal audits.

Key Risks and Mitigation Measures

Risk Oversight

The Audit Committee and Board regularly review the risk profile of the Company. While Kritika
Wires Limited is not currently required to constitute a Risk Management Committee under SEBI
(LODR) Regulations, 2015, the Company maintains a proactive approach to enterprise risk
management as part of its overall governance strategy.

LOANS, GUARANTEES OR INVESTMENTS

The particulars of all loans, guarantees or investments made by the Company are given in notes
to Financial Statements.

RELATED PARTIES TRANSACTIONS

The Company has in place a Policy on Materiality of Related Party Transactions and dealing
with Related Party Transactions, in line with the provisions of the Companies Act, 2013 and
Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
(“SEBILODR”).

Policy Framework

The objective of the policy is to ensure proper approval, disclosure, and reporting of transactions
entered into between the Company and its related parties, in compliance with applicable laws
and regulations. The policy is available on the Company’s website at: www.kritikawires.com.

Transactions during the Year

All related party transactions entered into during the financial year were in the ordinary course of
business and on arm’s length basis. There were no material related party transactions during the
year under review that required shareholder approval under Regulation 23(4) of SEBI LODR.

Disclosure under Section 188 of the Companies Act, 2013

There were no contracts or arrangements entered into with related parties which were not at
arm’s length or not in the ordinary course of business, and thus disclosure in Form AOC-2 is not
applicable.

Audit Committee and Board Oversight

All related party transactions are placed before the Audit Committee and the Board for prior
approval. A quarterly statement of transactions entered with related parties is also reviewed by
the Audit Committee to ensure compliance.

Key Related Party Transactions (FY 2024—25)

A summary of transactions with related parties, as required under applicable accounting
standards (Ind AS 24), is provided in the Notes forming part of the Financial Statements forming
part of this Annual Report.

The policy on Related Party Transactions is uploaded on the Company’s website
www.kritikawires. com.

BOARD OF DIRECTORS, COMMITTEES AND MANAGEMENT

Composition

The Board of Directors of Kritika Wires Limited is a balanced and diverse body comprising a
mix of Executive and Non-Executive Directors, including Independent Directors and a Woman
Director, in compliance with the requirements of the Companies Act, 2013 and SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015.

As on 31^stMarch 2025, the Board consists of eight (8) Directors, out of which:

• Three (3) are Executive Directors, including the Managing Director and the Whole-time
Director;

• One (1) is Non-executive Director

• Four (4) are Non-Executive Independent Directors, including one Woman Independent
Director.

The composition of the Board ensures an appropriate mix of experience, skills, independence,
and knowledge, enabling effective oversight and strategic direction to the Company’s
management. The Board functions cohesively, bringing together professionals with rich
experience in the fields of manufacturing, finance, law, corporate governance, and business
management.

There has been no change in the composition of the Board during the financial year under
review.

The composition of the Board as on 31^st March 2025 is as follows:

The Board believes that its current composition is well-positioned to steer the Company on a
path of sustained growth and value creation.

Board Committees

In order to assist the Board in discharging its responsibilities effectively, the Company has
constituted the following Committees in line with the provisions of the Companies Act, 2013 and
SEBI (LODR) Regulations, 2015:

There are 4 (four) committees of the Board as on 31st March, 2025., details ofwhich are covered
in the CG Report.

Induction / Resignation to Board

In accordance with Regulation 25(7) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 and the provisions of the Companies Act, 2013, the Company
undertakes an induction and familiarization programme for its Directors to enable them to
understand the nature of the industry in which the Company operates, the business model of the
Company, their roles, rights, responsibilities, and the Company’s strategy, operations, and
functions.

The induction covers:

• Overview of the Company's operations, manufacturing setup, and product line.

• Introduction to key managerial personnel and senior leadership.

• Presentation on the strategic plan and performance trends.

• Overview of regulatory framework and governance structure.

• Detailed information on roles, responsibilities, and obligations of a Director under
Companies Act and SEBI LODR Regulations.

Familarisation Programme _ for Independent Directors:

In compliance with the requirements of Regulation 25(7) of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, the Company has formulated a structured
Familiarisation Programme for its Independent Directors.

The purpose of the programme is to provide insights into the Company to enable the Independent
Directors to understand its business model, operations, industry dynamics, and regulatory
environment. It also aims to enable the Independent Directors to contribute significantly to the
Company.

During the year under review, the Independent Directors were regularly updated on changes in
regulatory frameworks, corporate governance developments, operational highlights, business
performance, and strategy through presentations at Board and Committee meetings.

Retirement by Rotation

In accordance with the provisions of Section 152 of the Companies Act, 2013 and the Articles of
Association of the Company, Mr. Sanjeev Binani [DIN:01149866], Director of the Company, is
liable to retire by rotation at the ensuing Annual General Meeting and being eligible, offers
himself for reappointment.

The Board of Directors recommends his reappointment for the consideration of the shareholders
at the forthcoming Annual General Meeting.

The brief profile and other details of the Director seeking reappointment, as required under
Regulation 36 of SEBI (LODR) Regulations, 2015 and Secretarial Standard-2 issued by the
Institute of Company Secretaries of India (ICSI), form part of the Notice of the Annual General
Meeting.

Meetings of the Board

During the financial year ended 31st March 2025, seven (7) meetings of the Board of Directors
were held on 20^th April, 2024, 28^th May, 2024, 8^th August, 2024, 3^rd September, 2024, 16^th
October, 2024, 6^th November 2024 and 22^nd January, 2025, The intervening gap between two
consecutive meetings was within the period prescribed under the Companies Act, 2013 and SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015.

The details of the Board meetings held during the year, along with the attendance of Directors at
each meeting, are provided in the Corporate Governance Report, which forms part of this
Annual Report.

The Company ensures that the agenda and relevant notes are circulated well in advance, and
comprehensive presentations are made at the Board meetings to enable the Directors to take
informed decisions.

In terms of the provisions of Schedule IV of the Companies Act, 2013 and Regulation 25(3) of
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a separate
meeting of the Independent Directors of the Company was held on 22^nd January, 2025 without
the presence of Non-Independent Directors and members of the management.

At the said meeting, the Independent Directors:

• Reviewed the performance of the Non-Independent Directors and the Board as a whole;

• Reviewed the performance of the Chairperson of the Company, taking into account the
views of Executive and Non-Executive Directors;

• Assessed the quality, quantity, and timeliness of flow of information between the
Company’s management and the Board that is necessary for the Board to effectively and
reasonably perform their duties.

The Independent Directors expressed satisfaction on the overall performance and governance
practices of the Board and the functioning of the management.

Declaration by Independent Directors:

The Company has received necessary declarations from all the Independent Directors under
Section 149(7) of the Companies Act, 2013, confirming that they meet the criteria of
independence as prescribed under sub-section (6) of Section 149 of the Act and Regulation
16( 1 )(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Further, all the Independent Directors have confirmed compliance with the Code of Conduct for
Independent Directors as laid down under Schedule IV of the Companies Act, 2013. They have
also affirmed that they have registered their names in the data bank maintained by the Indian
Institute of Corporate Affairs (IICA) as per Rule 6 of the Companies (Appointment and
Qualification of Directors) Rules, 2014.

The Board is of the opinion that the Independent Directors possess integrity, requisite expertise,
and experience (including the proficiency as required under Rule 8 of the Companies (Accounts)
Rules, 2014) and fulfill the conditions specified in the Act and the Listing Regulations, and are
independent of the management.

Pursuant to the provisions of the Companies Act, 2013 and Regulation 17(10) of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has carried out
an annual evaluation of its own performance, the performance of its Committees, individual
Directors, and the Chairperson of the Company for the Financial Year 2024-25.

The evaluation was carried out based on a structured questionnaire covering various aspects such
as the Board’s composition, structure, effectiveness of Board processes, quality of deliberations,
strategic guidance, risk management, succession planning, and the contribution of individual
Directors.

The performance evaluation of the Independent Directors was carried out by the entire Board,
excluding the Director being evaluated. The Nomination and Remuneration Committee also
reviewed the performance of the individual Directors and the Board as a whole.

The Board expressed its satisfaction with the overall functioning of the Board, its various
Committees, and the performance of the individual Directors.

Key Managerial Personnel:

The Key Managerial Personnel of the Company as on 31^st March, 2025 are:

During the year under review, there has been no change in the Key Managerial Personnel.

In accordance with the provisions of Section 134(5) of the Companies Act, 2013, your Directors
state that:

a) in the preparation of the annual accounts, the applicable accounting standards had been
followed along with proper explanation relating to material departures;

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 at the end of the financial year and of the
profit / loss of the company for that period;

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

d) the directors had prepared the annual accounts on a going concern basis ;

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 operating effectively; and

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

Vigil Mechanish / Whistle Blower Policy

Pursuant to the provisions of Section 177(9) of the Companies Act, 2013 and Regulation 22 of
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company
has established a robust Vigil Mechanism and adopted a Whistle Blower Policy to provide a
secure environment and framework for directors and employees to report genuine concerns,
unethical behavior, suspected fraud, or any violation of the Company’s code of conduct.

The mechanism provides for:

• Direct access to the Chairman of the Audit Committee.

• Protection of the identity of whistle blowers and confidentiality of the complaint.

• Safeguards against victimization of whistle blowers.

During the year under review, no complaint was received under the said mechanism. The Audit
Committee periodically reviews the functioning of the vigil mechanism to ensure effectiveness.

The Board of Directors of Kritika Wires Limited, on the recommendation of the Nomination and
Remuneration Committee (NRC), has formulated a comprehensive Nomination and
Remuneration Policy in accordance with the provisions of Section 178 of the Companies Act,
2013 and Regulation 19 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.

Objective of the Policy:

The policy is designed to:

• Lay down criteria for appointment, performance evaluation, and removal of Directors,
Key Managerial Personnel (KMP), and Senior Management.

• Ensure a balanced and performance-oriented remuneration structure that aligns with the
long-term interests of the Company and its stakeholders.

• Attract and retain competent professionals and ensure diversity of thought and experience
in the Board and senior leadership.

Key Features of the Policy:

• Board Diversity: Emphasizes diversity in terms of gender, expertise, experience, and
background.

• Remuneration Structure:

o Non-Executive Directors: Paid sitting fees and reimbursement of expenses
incurred in the performance of duties. No stock options are granted.
o Executive Directors / KMPs / Senior Management: Remuneration includes a
fixed component (salary, allowances, perquisites) and variable performance-
linked incentives based on Company and individual performance.

• Performance Evaluation: Lays down evaluation criteria for performance of Board, its
Committees, individual Directors, and Senior Management.

Review of Policy:

The Committee reviews the policy annually or as required to ensure that it remains aligned with
the Company’s objectives, applicable laws, and evolving best practices.

Remuneration of Directors:

The Board proposes to revise the remuneration of executive directors as follows subject to
approval of members at the 21^st Annual General Meeting.

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

During the year under review, Kritika Wires Limited did not have any subsidiary, joint venture,
or associate company within the meaning of Section 2(6) and Section 2(87) of the Companies
Act, 2013.

Accordingly, the disclosure in Form AOC-1 as required under Section 129(3) of the Companies
Act, 2013 read with the Companies (Accounts) Rules, 2014 is not applicable to the Company.

However, the Company continues to explore suitable opportunities for strategic alliances and
partnerships that can complement its growth strategy and add long-term value for the
stakeholders.

DEPOSITS

During the year under review, the Company has not accepted any deposits from the public or its
members falling within the meaning of Sections 73 to 76 of the Companies Act, 2013 read with
the Companies (Acceptance of Deposits) Rules, 2014.

Accordingly, as on 31st March, 2025:

• No amount on account of principal or interest on deposits was outstanding;

• There was no default in repayment of deposits or payment of interest thereon;

The Company has not accepted any deposits which are not in compliance with the requirements
of the Companies Act, 2013 and the applicable rules.

INTERNAL FINANCIAL CONTROL AND THEIR ADEQUECY

The Company has in place an adequate system of Internal Financial Controls (IFC)
commensurate with the size and nature of its operations. These controls ensure the orderly and
efficient conduct of business, including adherence to the Company’s policies, safeguarding of
assets, prevention and detection of frauds and errors, accuracy and completeness of accounting
records, and timely preparation of reliable financial information.

The internal financial control systems are periodically tested for effectiveness by the Internal
Auditors, and necessary improvements are implemented based on their recommendations. The
reports of the internal audit are reviewed by the Audit Committee and corrective actions,
wherever necessary, are undertaken.

During the year under review:

• No material weakness in the design or operation of internal controls was observed.

• The Audit Committee and the Board are satisfied with the adequacy and effectiveness of
the Company’s internal financial control systems.

The Company also continues to invest in the automation of business processes and strengthening
of IT controls to support its financial control framework.

Pursuant to the provisions of Section 139, 141, 142 of the Companies Act, 2013 and the rules
made thereunder, M/s. G.P. Agrawal & Co., Chartered Accountants, Kolkata (Firm
Registration No. 302082E), were appointed as the Statutory Auditors of the Company for a
term of five (5) consecutive years at the 20th Annual General Meeting held in the year 2024, to
hold office till the conclusion of the 25th Annual General Meeting to be held in the year 2029.

The Auditors have confirmed that they continue to satisfy the eligibility criteria prescribed under
the Companies Act, 2013 and the Chartered Accountants Act, 1949.

The Audit Report on the financial statements for the financial year ended 31st March, 2025, does
not contain any qualification, reservation, adverse remark or disclaimer. The Auditors’ Report is
self-explanatory and does not call for any further comments.

Internal Auditors:

Pursuant to the provisions of Section 138 of the Companies Act, 2013 and the rules made
thereunder, the Board of Directors had appointed M. Kumar Jain & Co., Chartered Accountants,
as the Internal Auditors of the Company for the financial year 2024-25.

The Internal Auditors conduct a periodic review of the Company’s operations and internal
control systems. Their reports, findings, and recommendations are presented to the Audit
Committee, which ensures the implementation of corrective actions and strengthening of internal
control measures wherever required.

The Internal Audit function plays a key role in providing to the Board and the Management an
objective assurance on the effectiveness of the Company’s risk management, control, and
governance processes.

The Board of Directors had appointed Mr. Rajesh Ghorawat, Company Secretary in Practice, to
conduct Secretarial Audit for the financial year 2024-25 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 Secretarial Audit Report of Mr. Rajesh Ghorawat,
Company Secretary in Practice, for the financial year 2024-25, in the prescribed Form-MR-3 is
appended as to this Board’s Report.

The Secretarial Audit Report does not contain any qualification, reservation or adverse remark.

In compliance with Regulation 24A of the SEBI Listing Regulations and Section 204 of the
Companies Act, 2013, the Board at its meeting held on 14th August, 2025, based on
recommendation of the Audit Committee, has approved the appointment of Ms. Sweta Gupta
(ACS: 59873), a peer reviewed Company Secretary in Practice and proprietor of M/s. RSG &
Associates, Company Secretaries, as Secretarial Auditors of the Company for a term of five
consecutive years commencing from FY 2025-26 till FY 2029-30, subject to approval of the
Members at the ensuing AGM..

Cost Audit:

Pursuant to the provisions of Section 148 of the Companies Act, 2013 read with the Companies
(Cost Records and Audit) Rules, 2014, the Company is required to maintain cost records as
specified by the Central Government and accordingly such accounts and records are made and
maintained in the prescribed manner.

The Board of Directors, on the recommendation of the Audit Committee, has re-appointed M/s.
Sohan Lal Jalan & Associates, Cost Accountants, as the Cost Auditors of the Company for
conducting the cost audit for the financial year 2025-26. The necessary resolution for ratification
of the remuneration of the Cost Auditors is included in the Notice convening the ensuing Annual
General Meeting, for approval of the Members.

CORPORATE GOVERNANCE

The Company adheres to follow the best corporate governance. As per Regulation 34 read with
Schedule V (C) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a
Report on Corporate Governance along with a certificate received from the Auditors confirming
compliance is annexed and forms part of the Annual Report.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS

During the financial year under review, no significant or material orders were passed by any
regulator, court, or tribunal which would impact the going concern status of the Company or its
future operations.

The Company continues to comply with all applicable regulatory and statutory requirements in a
timely and transparent manner.

DISCLOSURE ON SEXUAL HARASSMENT OF WOMEN AT WORKPLACE

The Company has always believed in providing a safe and harassment-free workplace for every
individual, including women. In line with the requirements of the Sexual Harassment of Women
at Workplace (Prevention, Prohibition and Redressal) Act, 2013, Kritika Wires Limited has in
place an Internal Complaints Committee (ICC) to address complaints of sexual harassment.

During the financial year ended 31st March, 2025, no complaint was received pertaining to
sexual harassment.

The Company continues to conduct awareness programmes and training sessions for employees
to promote a respectful and inclusive workplace culture.

REMUNERATION RATIO TO DIRECTORS/KMP/EMPLOYEES

Disclosures pertaining to remuneration and other details as required under Section 197of the Act
read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014
is attached as Annexure - A, forming part of this report.

CORPORATE SOCIAL RESPONSIBILITY (CSR)

In accordance with the provisions of Section 135 of the Companies Act, 2013, read with the
Companies (Corporate Social Responsibility Policy) Rules, 2014, Kritika Wires Limited has
constituted a Corporate Social Responsibility (CSR) Committee and has framed a CSR Policy to
undertake socially responsible initiatives.

For the financial year 2024-25, the Company was required to spend an amount of ? 18.23 Lacs
towards CSR activities. The Company has undertaken various projects in the areas of education,
healthcare, and rural development in accordance with its CSR Policy, which are aligned with
Schedule VII of the Companies Act, 2013.

The detailed report on CSR activities and expenditure incurred during the year is provided as
Annexure B to this Report, in the format prescribed under Rule 8 of the Companies (CSR
Policy) Rules, 2014.

The CSR Policy is available on the website of the Company at www.kritikawires.com.

OTHER DISCLOSURES

Secretarial Standards:

The Company has complied with the applicable provisions of Secretarial Standards issued by
the Institute of Company Secretaries of India (ICSI) as mandated under Section 118(10) of
the Companies Act, 2013.

Specifically, the Company has complied with:

• Secretarial Standard on Meetings of the Board of Directors (SS-1)

• Secretarial Standard on General Meetings (SS-2)

These standards have been followed in letter and spirit to ensure transparency, uniformity, and
good governance in the conduct of Board and General Meetings.

During the financial year under review, no application has been made, nor is any proceeding
pending against the Company under the Insolvency and Bankruptcy Code, 2016 (IBC) before the
National Company Law Tribunal (NCLT) or any other competent authority.

The Company has maintained a healthy financial position and has been regular in meeting its
debt obligations.

Maternity Benefit:

The Company affirms that it has duly complied with all provisions of the Maternity Benefit Act,
1961, and has extended all statutory benefits to eligible women employees during the year.

APPRECIATION & ACKNOWLEDGEMENT

The Board of Directors places on record its sincere appreciation for the continued support,
cooperation, and trust reposed by the shareholders, customers, business associates, suppliers,
bankers, financial institutions, regulatory authorities, and various stakeholders.

The Directors also acknowledge and appreciate the dedicated efforts and contribution of the
employees at all levels, which has been instrumental in the Company’s consistent performance
and growth.

Your Directors look forward to your continued support and encouragement in the years ahead.

For and on behalf of the Board
Kritika Wires Limited

sd/- sd/-

Naresh Kumar Agarwal Hanuman Prasad Agarwal

Chairman-cum-Wholetime Director Managing Director

(DIN:01020334) (DIN:00654218)

Place: Kolkata
Date: 14^th August, 2025