Your directors have pleasure in presenting the Thirty First (31^st) Annual Report together with the
Audited Financial statements of your Company for the year ended 31^st March, 2025.

1.FINANCIAL HIGHLIGHTS

The standalone financial statements of the Company for the financial year ended 31^st March,2025
have been prepared in accordance with the Indian Accounting standards (IND AS) as noticed by the
Ministry of Corporate Affairs and as amended from time to time.

The Summarized financial performance of your Company is given in the table below;

(In Lakhs)

2. BUSINESS OUTLOOK

During the year, company has started to resume its business activities and your directors are
optimistic about company’s business and hopeful of better performance in the upcoming year.

3. DIVIDEND

Considering the present financial status of the Company, your directors do not recommend any
dividend for FY 2024-25.

4. DETAILS OF SUBSIDIARIES, JOINT VENTURE (JV) OR ASSOCIATE COMPANIES (AC)

Your Company has no Subsidiary/ Associate / Joint Venture Companies as on 31^st March, 2025.

5. AMOUNTS PROPOSED TO BE CARRIED TO ANY RESERVES.

The Reserves at the end of the year 31^st March, 2025 is at Rs. (1,300.92) Lakhs as against the Total
Reserves of Rs. (1,228.28) Lakhs as at March 31, 2024. During the year, the Company has not
transferred any amount to the reserves during the Financial Year ended on 31^st March, 2025.

6. CAPITAL STRUCTURE OF THE COMPANY

During the year under consideration, there is no change in Capital Structure of the Company.
Further, during the year under report company has not made or issued

• Buyback of shares or

• Bonus shares, or

• Sweat equity shares, or

• Equity with differential voting rights, or

• Employee stock option.

• Any Other securities which carries a right or option to convert into equity shares.

7. CHANGE IN NATURE OF BUSINESS, IF ANY

During the Financial Year 2024-25 there was no change in the nature of business of the Company.

8. 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 or 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
statement relates and up to the date of this report.

9. BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:

As on the date of this Report, the Company has five (5) Directors consisting of Two Independent
Directors, One Managing Director and Two Non-Executive Directors.

Pursuant to the provisions of Section 149 & 184 of the Companies Act, 2013 and under SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, Independent Directors of the
Company have submitted a declaration that each of them meets the criteria of independence as
prescribed in Section 149(6) of the Companies Act, 2013 and SEBI Regulations and there has been no
change in the circumstances which may affect their status as an Independent Director during the year.

During the year, the Non-Executive Directors of the Company had no pecuniary relationship or
transactions with the Company.

I. Disqualification of Directors: None of the directors are disqualified
II. Details of Changes of the Directors mentioned below:

A. APPOINTMENTS:

o Mr. Sridharan Santhoshkumar (DIN: 00580728) and Sethuraman Dhilipkumar
(DIN: 00580772) were appointed as Additional Director (Non-Executive Non¬
Independent) of the company with effect from 09^th October,2024.

B. RESIGNATION:

o Mr. Duraisamy Jeevanandham (DIN: 10176916) as Director (Non-executive &
Non-Independent) of the Company and Mr. Satheesh Kumar Semmalai (DIN:
10177140) as Director (Non-executive & Non-Independent) were resigned
from the company with effect from 09^th October,2024

III. WOMAN DIRECTOR

Pursuant to the requirement of Section 149 of the Companies Act, 2013 and Regulation
17 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. For
complying the same your Company has a one-Woman Independent Director Mrs.
Thangavelu Dhana Lakshmi (DIN: 09291452) on the Board of the Company.

IV. DETAILS OF THE KEY MANAGERIAL PERSONNEL

The following persons were designated as the Key Managerial Personnel pursuant to Sections 2(51) and
203 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014, as on date of the report :

10. RETIREMENT BY ROTATION

Mr. Shyamkumar, Managing Director (DIN 09098976 ) retires by rotation at forthcoming 31st Annual
General Meeting and being eligible, offers himself for re-appointment. The brief resume and other
details as required under the Listing Regulations are provided in the Notice of the 31st Annual General
Meeting of the Company.

11. BOARD & COMMITTEES

A) BOARD MEETINGS

The Company has a professional Board with an optimum combination of executive, non-executive
and independent directors (including one woman director) who bring to the table the right mix of
knowledge, skill and expertise. The Board achieving its business objectives and protecting the interest
of the stakeholders.

During the year, Seven (7) meetings of Board of Directors of the Company were convened and held
in accordance with the provisions of the Companies Act, 2013. The date(s) of the Board Meeting,
attendance by the directors is given in the Corporate Governance Report forming part of this Annual
Report.

The maximum time-gap between any two consecutive meetings was within the period prescribed
under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.

None of the Directors are disqualified under Section 164(2) of the Act. Certificate on non¬
disqualification, as required under Regulation 34 of SEBI (Listing Obligation & Disclosure
Requirements) Regulations, 2015 is forming part of the Corporate Governance Report forming part
of this Annual Report.

B) COMMITTEES OF THE BOARD

As per regulatory requirements and with a view to have focused deliberation, the Board has
constituted following committees.

Audit Committee

Audit Committee of the Company meets the requirements of Section 177 of the Companies Act,
2013 and Regulation 18 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015. During the year, five (05) meetings of the Committee were held, the details along with the
composition of the Audit Committee as required under the provisions of Section 177(8) of the
Companies Act, 2013 are given in the Corporate Governance Report which forms part of this Annual
Report.

During the year under review, the Board has accepted all the recommendations of the Audit
Committee.

Nomination and Remuneration Committee

Nomination and Remuneration Committee meets the requirements of Section 178 of the Companies
Act, 2013 and Regulation 19 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015. During the year, two (2) meetings of the Committee were held, the details of the
composition of the Nomination and Remuneration Committee as required under the provisions of
Section 178 of the Companies Act, 2013 are given in the Corporate Governance Report which forms
part of this Annual Report. During the year under review, the Board has accepted all the
recommendations of the Nomination and Remuneration Committee.

Stakeholders’ Relationship Committee

This Committee considers and resolves the grievances of security holders of the Company inter-alia
including grievances related to transfer of shares, non-receipt of Annual Report, non-receipt of
dividend etc. The Committee also reviews measures taken for effective exercise of voting rights by
shareholders, adherence to the service standards adopted by the listed entity in respect of various
services being rendered by the Registrar & Share Transfer Agent and ensuring timely receipt of
annual reports by the shareholders of the company. The details of the composition of the
stakeholders’ relationship committee are given in the Corporate Governance Report which forms
part of this Annual Report.

12. EVALUATION OF BOARD, COMMITTEES OF DIRECTORS

Pursuant to provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, the Board had carried out an annual evaluation of the Board as a
whole, various Committees, Directors individually and the Chairman. Performance of the Board and
Board committees were evaluated on various parameters such as structure, composition, quality,
diversity, experiences, competencies, performance of specific duties and obligations, conduct of
meetings, quality of decision making and overall board effectiveness.

The performance of the individual directors was evaluated on parameters, such as meeting
attendance, participation and contribution, responsibility towards stakeholders and independent
judgment. The Managing Director was evaluated on certain additional parameters, such as

performance of the Company, leadership, relationships, communication and growth, of the
Company.

13. PUBLIC DEPOSITS

During the year under review, your Company has not invited or accepted any deposits from the
public under Section 76 of the Companies Act, 2013 and Rules made there under.

14. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

Details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the
Companies Act, 2013 are given in the notes to the Financial Statements.

15. REPORT ON SEXUAL HARASSMENT OF WOMEN AT WORKPLACE

The Company firmly provides a safe, supportive and friendly workplace environment — a workplace
where our values come to life through the underlying behaviours. Positive workplace environment
and a great employee experience are integral parts of our culture.

All employees (permanent, contractual, temporary and trainees) are covered under this Policy. The
Policy has been widely communicated internally and is placed on the Company’s intranet portal.

The Company has zero tolerance towards sexual harassment.

The POSH Policy is available on the website of the Company and can be accessed at the web-link:
https:

Your Company has complied with the provisions relating to the constitution of the Internal
Complaints Committee (‘ICC”) under the POSH Act to redress complaints received regarding sexual
harassment. To ensure that all the employees are sensitized regarding issues of sexual harassment, the
Company creates awareness by imparting necessary trainings.

The following is a summary of Sexual Harassment complaint(s) received and disposed of during the
FY 2024-2025, pursuant to the POSH Act and Rules framed thereunder:

a) Number of complaint(s) of Sexual Harassment received during FY 2024-2025 - NIL

b) Number of complaint(s) disposed of during FY 2024-2025 - NIL

c) Number of cases pending for more than 90 days (which is stipulated timeline for completion of an
inquiry into a compliant of sexual harassment under POSH Act) - Nil

d) Number of cases pending as on 31st March 2025 — Nil

16. CORPORATE SOCIAL RESPONSIBILITY INITIATIVES

The mandatory provisions of CSR under Section 135 of the Companies Act, 2013 are not applicable
to the Company.

17.INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has an Internal Control System, commensurate with the size, scale and complexity of
its operations. The scope and authority of the Internal Audit (IA) function is defined in the Internal
Audit Charter.

The Internal Audit Department monitors and evaluates the efficacy and adequacy of internal control
system in the Company, its compliance with operating systems, accounting procedures and policies at
all locations of the Company. Based on the report of internal audit function, process owners
undertake corrective action in their respective areas and thereby strengthen the controls. Significant
audit observations and corrective actions thereon are presented to the Audit Committee of the
Board.

18. POLICIES

? VIGIL MECHANISM / WHISTLE BLOWER POLICY

The Company has set up Vigil Mechanism viz. Whistle Blower Policy to enable the employees and
Directors to report genuine concerns, unethical behavior and irregularities, if any, in the Company
noticed by them which could adversely affect company’s operations to the Chairman of the Audit
Committee.

No concerns or irregularities have been reported during the period. The Company hereby affirms
that no Director/employee has been denied an access to the Chairman of the Audit Committee and
that no complaints were received during the year.

? RISK MANAGEMENT POLICY

The Company has already in place an integrated risk management approach through which it reviews
and assesses significant risks on a regular basis to ensure that a robust system of risk controls and
mitigation is in place. Through risk management approach, the Company ensures that risk to the
continued existence as a going concern and to its development are identified and addressed on a
timely basis.

? POLICY ON APPOINTMENT AND REMUNERATION OF DIRECTORS

The Board has, on the recommendation of the Nomination & Remuneration Committee, formulated
criteria for determining Qualifications, Positive Attributes and Independence of Directors, Key
Managerial Personnel and senior management. The details of criteria laid down and the
Remuneration Policy are given in the Corporate Governance Report.

19. DIRECTORS’ RESPONSIBILITY STATEMENT

T o 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) In the preparation of the annual accounts, the applicable accounting standards have been
followed along with proper explanation relating to material departures;

b) They 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 financial year 31st March 2025
and of the profit and loss of the Company for that period;

c) They have 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 Annual Accounts are prepared on a going concern basis;

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

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

20. RELATED PARTY TRANSACTIONS

There were no related party transactions entered during the financial year. There are no materially
significant related party transactions made by the Company with Promoters, Directors, Key
Managerial Personnel or other designated persons which may have a potential conflict with the
interest of the Company at large.

21. CORPORATE GOVERNANCE

Your Company is committed to good Corporate Governance and best corporate practices. The
report on Corporate Governance for the year ended 31^st March, 2025 pursuant to Regulation 34 of
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is annexed herewith
as ANNEXURE I. The Certificate regarding compliance of conditions of Corporate Governance is
attached to the report of Corporate Governance forming part of this Annual Report.

22 .MAN AGEMENT DISCUSSION & ANALYSIS

A Management Discussion & Analysis as required under the SEBI, LODR is annexed and forming part
of the Directors' Report in “ ANNEXURE II”.

23.AUDITORS

A) STATUTORY AUDITORS

M/s. Sundaram & Srinivasan, Chartered Accountants (ICAI Firm Reg. no 004207S) have been
appointed as the Statutory Auditors of the Company for a period of 5 years in the Annual general
Meeting held on 29^th September, 2022 to hold the office till the conclusion of Annual general
meeting to be held on the financial year 2026-27.

Auditor’s Report:

No qualification, adverse remarks or disclaimer made by the Statutory Auditors with regard to the
financial statements for the financial year 2025-2026. The auditor states following remark in CARO
Report for the Financial Year 2025-26

The Statutory Auditors of the Company have not reported any fraud as specified under Section
143(12) of the Companies Act, 2013.There have been no instances of fraud reported by above
mentioned Auditors under Section 143(12) of the Act and Rules framed thereunder either to the
Company or to the Central Government during FY 2024-2025.

B) SECRETARIAL AUDITORS AND SECRETARIAL AUDIT REPORT

In terms of the provisions of Section 204 of the Act and the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014, the Board has appointed of M/s. Chitra Lalitha & Associates, a
Practicing Company Secretaries (Firm Registration No. P2021TN085400 and Peer Review Certificate
No. 6325/2024) as Secretarial Auditors of the Company for the Financial Year 2024-25. The report of
the Secretarial Auditors is enclosed as Annexure V to the Directors’ Report.

The Secretarial Audit Report does not contain any qualification, reservation or adverse remark. The
Secretarial Auditors have not reported any incident of fraud for the year under review.

C) INTERNAL AUDITOR

Pursuant to Section 138 of the Companies Act, 2013 read with Rule 13 of the Companies (Accounts)
Rules, 2014 and all other applicable provisions (including any amendment thereto) if any of the
Companies Act, 2013, M/s. Darmesh & Associates, Chartered Accountants, (Firm Registration No.
015528S) were appointed as the Internal Auditors of the Company for the Financial Year 2024-25.

24.CONSERVATION OF ENERGY / TECHNOLOGY ABSORPTION / FOREIGN EXCHANGE

A. CONSERVATION OF ENERGY:

B. TECHNOLOGY ABSORPTION:

C. FOREIGN EXCHANGE EARNINGS AND OUTGO:

Total Foreign exchange earned: NIL
Total Foreign exchange outgo NIL

25. PARTICULARS OF REMUNERATION OF DIRECTORS AND EMPLOYEES U/S 197(12) OF
THE COMPANIES ACT, 2013

During the year under review, no employees, whether employed for the whole or part of the year,
was drawing remuneration exceeding the limits as laid down u/s Section 197(12) of the Companies

Act, 2013 read with Rules 5(2) and 5(3) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014. The disclosure with respect to the remuneration of directors and
employees pursuant to Section 197(12) of the Companies Act, 2013 read with Rule 5(1) of
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is annexed as
ANNEXURE-III to this report.

The statement containing such particulars of employees as required in terms of the provisions of
Section 197(12) of the Act read with rules 5(2) and 5(3) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, forms part of the Annual Report. Pursuant to
the provisions of the Section 136(1) of the Companies Act, 2013, the reports and accounts, as set out
therein, are being sent to all members of the Company, excluding the aforesaid information and the
same is open for inspection at the registered office of the Company during working hours up to the
date of Annual General Meeting and if any member is interested in obtaining such information, may
write to the Company Secretary at the registered office of the Company in this regard.

26. DEMATERIALIZATION OF SHARES

As on 31^st March, 2025, 67,13,870 equity shares representing 95.91 % of the total equity share
capital of the Company were held in dematerialized form with NSDL & CDSL. The shareholders can
vail the facility provided by NSDL and CDSL. Shareholders are requested to convert their physical
holdings into dematerialized form to derive the benefits of holding the shares in electronic form.

27. COST AUDITOR

Provision of Cost Audit is not applicable to the Company.

28. REPORTING OF FRAUDS

There was no instance fraud during the year under review, which required the Statutory Auditors to
report to the Audit Committee and/ or Board under Section 143 (12) of the Act and Rules framed
thereunder.

29. COMPLIANCE WITH SECRETARIAL STANDARDS

During the year, the Company has complied with all the applicable Secretarial Standards issued by the
Institute of Company Secretaries of India.

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

There have been no significant and material orders passed by the Regulators or Courts or Tribunals
impacting the going concern status and Company’s operations.

31 .PREVENTION OF INSIDER TRADING

Your Company has adopted a code of conduct for prevention of “Insider Trading” as mandated by the
SEBI.

32. CODE OF CONDUCT

Your Company has laid down a Code of Conduct Policy which can be accessed on the Company’s
website (https://talchennai.com/)

33. MD / CFO CERTIFICATION

The Managing Director/ CFO has certified to the Board on financial and other matters in accordance
with the Listing Regulations pertaining to CEO/CFO certification for the financial year ended 31^st
March, 2025 as ANNEXURE IV.

34. LISTING

The shares of your Company continued to be listed at Bombay Stock Exchange Limited. Listing fee
has already been paid for the financial year 2024-25.

35. ANNUAL RETURN

As per Section 134(3)(a) of the Companies Act, 2013, the Annual Return referred to in Section 92(3)
has been placed on the website of the Company (https://talchennai.com/)

36. CAUTIONARY STATEMENT

Statements in the Board’s Report and the Management Discussion & Analysis describing the
Company’s objectives, expectations or forecasts may be forward-looking within the meaning of
applicable securities laws and regulations. Actual results may differ materially from those expressed
in the statement. Important factors that could influence the Company’s operations include global and
domestic demand and supply conditions affecting selling prices of finished goods, input availability
and prices, changes in government regulations, tax laws, economic developments within the country
and other factors such as litigation and industrial relations.

37. DISCLOSURE OF MATERNITY BENEFIT COMPLIANCE

Your Company is in compliance of Maternity Benefit Act, 1961 for the year under review

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

39. THE DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT
THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING

LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS
THEREOF: NIL

40.ACKN OWLEDGEMENTS

Your directors thank the various Central and State Government Departments, Organizations and
Agencies for the continued help and co-operation extended by them. The Directors also gratefully
acknowledge all stakeholders of the Company viz. customers, members, dealers, vendors, banks and
other business partners for the excellent support received from them during the year. The Directors
place on record their sincere appreciation to the employees of the Company for their unstinted
commitment and continued contribution to the Company.

For TEJASSVI AAHARAM LIMITED
Sd/- Sd/-

CHINNATHAMBI

SHYAMKUMAR

VINOTHKUMAR

MANAGING DIRECTOR DIRECTOR

DIN: 09098976 DIN:09098986

Date: 06^th September,2025
Place: Chennai