The Board of Directors are pleased to present the Annual Report of your Company, Arihant Superstructures Limited (the "Company" or
"ASL") along with the Audited (Standalone and Consolidated) Financial Statements for the Financial Year ended March 31, 2025.

FINANCIAL PERFORMANCE

The financial performance of the Company for the Financial Year ending on March 31, 2025 is summarized as below:

The Financial Statements have been prepared on accrual basis
in accordance with Indian Accounting Standards (Ind AS) notified
under the Companies (Indian Accounting Standards) Rules, 2015
(as amended) and the provisions of the Companies Act, 2013.

The Financial Statements have been prepared on accrual and
going concern basis under historical cost convention except
for certain Financial Assets and Liabilities which have been
measured at fair value (refer accounting policy regarding
financial instruments). If no such transactions can be identified,
an appropriate valuation model is used. Impairment losses of
continuing operations, including impairment on inventories,
are recognized.

The Financial Statements are presented in Indian Rupees ("INR")
and all amounts are rounded to the nearest Lacs, except as
stated otherwise.

Previous year's figures may have been regrouped/ reclassified as
and when it is necessary.

COMPANY PERFORMANCE OVERVIEW

During the year under review, the revenue from operations of the
company, was Rs. 50,360.52 Lacs in FY 2024-25 as compared
to Rs. 51,128.61 Lacs in FY 2023-24 on a consolidated basis.
The revenue from operations on a stand-alone basis was increased
from Rs. 11,861.16 Lacs in FY 2023-24 to Rs. 12,372.41 Lacs
in FY 2024-25.

The profit after tax for the FY 2024-25 on a stand-alone basis was
Rs. 1,947.88 Lacs as against the profit after tax of Rs. 2,292.37
Lacs for FY 2023-24. The profit after tax on a consolidated basis
was Rs. 5,467.62 Lacs in FY 2024-25 as against the profit after
tax of Rs. 6,922.46 Lacs for FY 2023-24.

PROJECTS AND OPERATIONS OF THE COMPANY

The current projects and operations of the company are as follows:

Project: Arihant Aarohi: Residential project located at Kalyan Shil
Road, Navi Mumbai, spans over 2.5 acres of land comprises of
2 & 3 BHK.

Project: Arihant Aaradhya: Residential project situate at Kalyan
Annexe (Bhiwandi) comprises of 11 Towers of G 14 floors.

Project: Arihant Aayan: Residential project situated at Titwala, the
project comprises of 3 towers of G 14 floors.

Project: Arihant Adarsh: Residential project situated at Ghot Taloja
Panvel comprises of 2 Towers of G 36 floors.

Project: Arihant Arshiya: Residential project situated at Khopoli
Expressway Khalapur Raigrah comprises of a Tower of G
14 floors.

Project: Arihant 7 Anaika: Residential cum commercial project
located at Ghot Taloja Panvel comprises of 2 Towers of G
18 floors.

Project: World Villas: project located at Chowk Phata Karjat
comprises 181 residential villas having 3 & 4 bed.

Project: Arihant Avanti: Residential project located at Shilpatha
Road Dombivali comprises of 6 Towers of G 41 floors.

The following projects are currently being undertaken by the
subsidiary companies:

Project: Arihant Advika: A redevelopment residential project at
Vashi, Navi Mumbai with 2 towers of 26 floors each for sale
and 2 towers for rehabilitation. Project is housed under Arihant
Aashiyana Private Limited.

Project: Arihant Aspire: Residential project located at Panvel,
Navi Mumbai comprises of 9 buildings having 5 building
currently under construction having 43 floors. Project is housed
under subsidiary Arihant Abode Limited.

Project: Arihant Aloki: Residential project located at Karjat
spanning six acres of land in affordable category. Project is
housed under Arihant Aashiyana Private Limited.

Project: Arihant Clan Aalishan: Residential project at Kharghar,
Annex, is one of the tallest project with 53 floors comprising of 3
towers. Project is housed under subsidiary Arihant Vatika Realty
Private Limited.

Project: Arihant 5 Anaika: Residential project providing modern
living at affordable prices near to Taloja Metro Station. Project
is housed under subsidiary Arihant Vatika Realty Private Limited.

Project Arihant Anmol: Residential project located at Badlapur
(E) spans over seven acres of Land well equipped with all
amenities. Project is housed under subsidiary Arihant Vatika Realty
Private Limited.

Project Arihant Amisha: Residential project located at Taloja,
Panvel spans over 7 acres of land area. Project is housed under
Arihant Aashiyana Private Limited.

TRANSFER TO RESERVES

The Company has transferred entire profits to Retained Earnings
of Reserves and Surplus.

DIVIDEND

The Board of Directors are pleased to recommend for approval
of the shareholders a final dividend of Rs.1.50 per equity share
of Rs. 10/- each for the financial year ended 2024-25. The
dividend, if approved by the shareholders, would entail a payout
of approximately Rs. 187.48 Lacs. The dividend would be paid to
all the equity shareholders (excluding Promoters who has forgone
and voluntarily waived their right to receive dividend as per
Board Meeting of date (May 24, 2025) to receive the dividend,
whose name would appear in the Register of Members/ list of
beneficial owners on the record date fixed for this purpose i.e.
September 19, 2025.

CONSOLIDATED FINANCIAL STATEMENTS ("CFS")

In accordance with the provisions of the Companies Act, 2013,
Regulation 33 of the Securities and Exchange Board of India

(Listing Obligations and Disclosure Requirements) Regulations,
2015 (hereinafter referred to as "Listing Regulations") and
applicable Accounting Standards, the Audited Consolidated
Financial Statements of the Company for the financial year
2024-25, together with the Auditors' Report form part of this
Annual Report.

SHAREHOLDING STRUCTURE:

During the year, the Board of Directors, at its meeting held on
June 14, 2025, allotted 20,90,000 equity shares of Rs. 10
each at an issue price of Rs. 180.071 per share (including a
premium of Rs.170.071) to Warrant holders upon conversion of
Share Warrants; the allotment was made for cash upon receipt
of the remaining exercise price of Rs. 135.053 per warrant
(being 75% of the total exercise price), aggregating to Rs.28.23
crore. Consequently, the Company's paid-up equity share capital
increased from 4,11,59,991 to 4,32,49,991 equity shares.
The company is in the process of obtaining Listing Approval for
the equity shares issued on account of the conversion of warrants.

The Company has not issued any further issue, including ESOPs,
Sweat Equity, Advisory Equity to any shareholder during the
financial year.

SUBSIDIARY COMPANIES

The Company has (5) (Five) unlisted subsidiaries, the details of
which are stated below:

A statement containing the salient features of financial statements
of subsidiaries of the Company in the prescribed Form AOC - 1
forms a part of Consolidated Financial Statements in compliance
with Section 129 (3) and other applicable provisions, if any, of
the Act read with Rules as set out in attached Annexure - II to
this report.

In accordance with Section 136 of the Act, the audited financial
statements, including the Consolidated Financial Statement and
related information of the Company and the financial statements of
each of the subsidiary companies, are available on our website.
The necessary disclosures in respect of the material subsidiaries
are displayed under the Corporate Governance on the website
of the company.

During the year under review, the Board of Directors, at its
meeting held on May 24, 2025, considered and approved
the divestment of 500 equity shares held by the Company in
Amoghvarsh Houses Private Limited. The Board has reviewed
and approved the sale (divestment) of 500 equity shares held
in Amoghvarsh Houses Private Limited. As a result of this sale,
Amoghvarsh Houses Private Limited will no longer be considered
an "Associate Company" of the reporting company (i.e., the
company preparing this report).

BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

(i) Composition of the Board

The Board of Directors comprise of eminent and experienced professionals in the Industry. The current composition of the Board of
Directors as on date of the report are as follows:

(ii) Appointment, Re-appointment and Resignation

of Directors

1 . During the year under review, Mr. Vijay Satbir Singh
was appointed as an Additional Independent Director of
the Company w.e.f. May 15, 2024 and his ratification
was approved by the members at the 41^st AGM held on
September 20, 2024. He resigned on account of his
personal reasons w.e.f. September 23, 2024.

2. During the year under review, Mr. Raj Narain Bharadwaj
resigned as an Additional Independent Director of the
Company w.e.f. July 05, 2024

3. During the year under review, Mr. Sridhar Ramachnadran
was appointed as an Additional Independent Director of
the Company w.e.f. January 29, 2025 and resigned
w.e.f March 25, 2025.

4. Mr. Bhavik Ashokkumar Chhajer (DIN: 08475397)
was appointed as an Additional Whole-time Director of
the company w.e.f. May 24, 2025 and the members
approved the appointment through postal ballot on
August 19, 2025.

5. Mr. Abodh Khandelwal (DIN: 07807394) was
appointed as an Independent Director for a first (1 St)
term of the five (5) Years w.e.f. June 23, 2025 and
the members approved the appointment through postal
ballot on August 19, 2025

The Board expresses its gratitude for the guidance,
support and cooperation of Mr. Vijay Satbir Singh, Mr. Raj
Narain Bhardwaj and Mr. Sridhar Ramachandran.

The Board of Directors recommend the re-appointment of
Mr. Nimish Shah (DIN:03036904) as the Whole-time
Executive Director of the Company with effect from April
13, 2025 for a period of 5 years till April 12, 2030,
subject to the member's approval at the forthcoming
Annual General Meeting.

There are no changes in the composition of Board of
Directors except as mentioned above.

(iii) Director Retiring by Rotation

As per the provisions of Section 152 of the Companies Act,
2013, Mr. Parth Chhajer (DIN: 06646333), Whole-Time
Executive Director of the Company, is liable to retire by
rotation from the Board and being eligible, offers herself for
re-appointment at the ensuing Annual General Meeting of
the Company.

Pursuant to Regulation 36 of the Listing Regulations and
Secretarial Standard-2, a detailed profile of the Directors
seeking appointment/reappointment is provided in the Notice
of the ensuing Annual General Meeting of the Company.

Declaration of Independent Directors

The Company has received the following declarations from
all the Independent Directors confirming that:

Ý They meet the criteria of independence as prescribed
under the provisions of the Act, read with the Schedules
and Rules issued thereunder, as well as of Regulation 16
of the Listing Regulations.

Ý In terms of Rule 6(3) of the Companies (Appointment
and Qualification of Directors) Rules, 2014, they have
registered themselves with the Independent Director's
database maintained by the Indian Institute of Corporate
Affairs,

Ý In terms of Regulation 25(8) of the Listing Regulations,
they are not aware of any circumstance or situation,
which exist or may be reasonably anticipated, that could
impair or impact their ability to discharge their duties.

In terms of Regulation 25(9) of the Listing Regulations, the
Board of Directors has ensured the veracity of the disclosures
made under Regulation 25(8) of the Listing Regulations by the
Independent Directors of the Company.

Certificate on Disqualification of Directors

The Company has received a certificate from D. A. Kamat &
Co., Company Secretaries pursuant to Regulation 34(3) and
Schedule V Para C clause (10)(i) of the Listing Regulations,
confirming that none of the Directors on the Board of the
Company have been debarred or disqualified from being
appointed or continuing as Directors of companies by the
SEBI, Ministry of Corporate Affairs, or any such other statutory
authority. The same forms part of the Corporate Governance
Report forming part of this Annual Report.

MEETINGS OF BOARD OF DIRECTORS

The Board of Directors, during Financial Year 2024-25 met 5
(Five) times i.e. May 15, 2024, August 09, 2024, October 26,
2024, February 03, 2025, and March 25, 2025. The Board
of Directors meets at regular intervals to discuss the business
and compliance matters of the Company. The details of the
Meetings of the Board of Directors and the Committees of the
Board of Directors and their respective constitution are stated in
the Corporate Governance Report attached which forms a part of
this Board's Report.

The Board has constituted the following Mandatory and Non¬
Mandatory Committees of the Board of Directors:

The Company Secretary of the Company is the Secretary to each
of these Committees.

During the year under review, all the recommendations made by
the Audit Committee were approved by the Board of Directors.

Separate Meeting of Independent Directors is conducted during
every year, in terms of the requirements of Schedule IV to the
Companies Act, 2013 and Regulation 25 (3) of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015.

Further, the Board of Directors have adopted various policies on
the functioning and running of the Board of Directors as mandated
by the SEBI (Listing Obligations and Disclosure Requirements)
Regulations,2015 and which are also available on the website
of the Company at www.asl.net.in.

VIGIL MECHANISM

The Company has a robust vigil mechanism through its Whistle
Blower Policy approved and adopted by Board of Directors of the
Company in compliance with the provisions of Section 177 (10)
of the Act and Regulation 22 of the Listing Regulations.

The Policy also provides protection to the directors, employees
and business associates who report unethical practices and
irregularities. Any incidents that are reported are investigated and
suitable action is taken in line with the Whistle Blower Policy.
The Whistle Blower Policy of the Company can be accessed at
website of the Company at www.asl.net.in.

NOMINATION AND REMUNERATION POLICY

The salient features of the Nomination and Remuneration Policy
of the Company are set out in the Corporate Governance
Report which forms part of this Annual Report. The said Policy
of the Company, inter alia, provides that the Nomination
and Remuneration Committee shall formulate the criteria for
appointment & re-appointment of Directors on the Board of the
Company and persons holding Senior Management positions in
the Company, including their remuneration, evaluation and other
matters as provided under Section 1 78 of the Act and Listing
Regulations. The copy of the Policy can be found under the
Investors section on http://www.asl.net.in.

REMUNERATION OF DIRECTORS, KEY
MANAGERIAL PERSONNEL, SENIOR
MANAGEMENT AND EMPLOYEES

The remuneration paid to the Directors and Key Managerial
Personnel is in accordance with the Nomination and Remuneration
Policy formulated in accordance with Section 178 of the Act and
Regulation 19 of the Listing Regulations and within the Statutory
limits under the Companies Act, 2013.

The information required under Section 197 of the Act read
with Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014 in respect of Directors/ employees of the
Company is set out in Annexure - I to this Report.

PERFORMANCE EVALUATION

The Nomination and Remuneration Policy of the Company
empowers the Nomination and Remuneration Committee to
formulate a process for effective evaluation of the performance
of Individual Directors, Committees of the Board and the Board
as a whole.

The Board formally assesses its own performance based on
parameters which, inter alia, include performance of the Board
on deciding long term strategy, rating the composition and mix of
Board members, discharging of governance and fiduciary duties,
handling critical and dissenting suggestions, etc.

The parameters for the performance evaluation of the Directors
include contribution made at the Board meeting, attendance,
instances of sharing best and next practices, domain knowledge,
vision, strategy, engagement with senior management, etc.

The Chairperson(s) of the respective Committees based on
feedback received from the Committee members on the outcome
of performance evaluation exercise of the Committee, shares a
report to the Board.

The Independent Directors at their separate meeting review the
performance of: non-independent directors and the Board as a
whole, Chairperson of the Company after taking into account
the views of Executive Director and non-executive directors, the
quality, quantity and timeliness of flow of information between the
Company management and the Board that is necessary for the
Board to effectively and reasonably perform their duties.

Based on the outcome of the performance evaluation exercise,
areas have been identified for the Board to engage itself with
and the same would be acted upon. The details of the evaluation
process are set out in the Corporate Governance Report which
forms a part of this Annual Report.

FAMILIARIZATION PROGRAMME FOR
INDEPENDENT DIRECTORS

All new independent directors inducted into the Board are
familiarized with the operations and functioning of the Company.
The details of the training and familiarization program are
provided in the Corporate Governance report and website of the
Company at www.asl.net.in.

DIRECTORS' RESPONSIBILITY STATEMENT

In terms of Section 134 (5) of the Companies Act, 2013, the
Directors would like to state that:

1 . In the preparation of the Annual Accounts, the applicable
Accounting Standards had been followed and that no
material departures have been made from the same.

2. Such Accounting Policies have been selected 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 March 31, 2025
and of the profit of the Company for that period;

3. Proper and sufficient care for the maintenance of adequate
Accounting Records in accordance with the provisions of
the Act for safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities

4. The Annual Accounts of the Company have been prepared
on a going concern basis.

5. Internal Financial Controls have been laid down to be by
the Company and that such internal Financial Controls are
adequate and were operating effectively.

6. Proper systems have been devised to ensure compliance with
the provisions of all applicable laws and that such systems
were adequate and operating effectively.

RELATED PARTY TRANSACTIONS

All contracts/arrangements/transactions entered into by the
Company during the year under review with Related Parties were
in ordinary course of business and on arm's length basis in terms
of provisions of the Act. The Company's Policy on dealing with
and Materiality of Related Party Transactions is available on the
website of the Company at www.asl.net.in

All transactions with related parties were reviewed and approved
by the Audit Committee and are in accordance with the Policy
on dealing with and materiality of Related Party Transactions
and the Related Party Framework, formulated and adopted by
the Company. During the year under review, the Related Policy
Framework was suitably amended to give effect to the changes in
the relevant provisions of law.

There are no materially significant related party transactions
that may have potential conflict with interest of the Company at
large. The details of the related party transactions as per Indian
Accounting Standards (IND AS) - 24 are set out in Notes to the
Standalone Financial Statements of the Company. The company
also obtains suitable approval of the members for the materially
significant related party transactions, in line with Regulation 24 of
the Listing Regulations.

The approval of the materially significant related party transactions
for Financial Year 2024-25 is sought at the forthcoming Annual
General Meeting of the Company. The same is recommended by
the Audit Committee and the Board of Directors along with the
requisite information.

The Company in terms of Regulation 23 of the Listing Regulations
submits within 30 days from the date of publication of its
standalone and consolidated financial results for the half year,
disclosures of related party transactions on a consolidated basis,
in the format specified in the relevant accounting standards to the
stock exchanges.

The said disclosures can be accessed on the website of the
Company at www.asl.net.in. Form AOC - 2 pursuant to Section
1 34 (3) (h) of the Act read with Rule 8(2) of the Companies
(Accounts) Rules, 2014 is set out in the Annexure - II to this report.

CORPORATE SOCIAL RESPONSIBILITY (CSR)

The Company has constituted the Corporate Social Responsibility
(CSR) Committee of the Board in accordance with the provisions
of Section 135 of the Companies Act, 2013, read with the
Companies (Corporate Social Responsibilities) Rules, 2014, as
amended. During the year, the said policy has been reviewed by
the Board of Directors of the Company.

For FY 2024-25, the CSR liability of the Company was
Rs. 59,27,902/- (Rupees Fifty-Nine Lakh Twenty-Seven Thousand
Nine Hundred and Two Only) The Board has approved carrying
forward the excess CSR spent amount of Rs. 2,82,098/- for
FY 2025-26. The details of CSR spend is attached in the CSR
report attached as Annexure III.

The CSR policy of the company is displayed on the website of
the company on www.asl.net.in. The Company is committed to
undertaking its CSR responsibility and initiatives in letter and spirit
and will undertake to spend towards effective causes in line with
the CSR policy of the company.

The Company's CSR Policy statement and annual report on the
CSR activities undertaken during the financial year ended March
31, 2025, in accordance with Section 135 of the Act and
Companies (Corporate Social Responsibility Policy) Rules, 2014
(including any statutory modification(s) or re- enactment(s) thereof
for the time being in force) is set out in Annexure - III to this report.

ANNUAL RETURN

Pursuant to Section 92(3) read with Section 134(3)(a) of
Companies Act, 2013, the Annual return as on March 31,2025
is available on the website of the company on www.asl.net.in

AUDITORS AND AUDITORS' REPORT

Statutory Auditors and their Report

The Company has appointed M/s Ummed Jain & Co., Chartered
Accountants (Firm Regn No 119250W) were appointed in 40^th
Annual General Meeting of the Company held on September
23, 2023. as a Statutory Auditor of the Company for the first (1^st)
term of 5 years till the conclusion of the AGM to be held in 2027.
The Board has received a consent and letter from the Statutory
Auditors, stating their eligibility to conduct the Statutory Audit for
the Financial Year 2024-25. The details of the remuneration paid
to the Statutory Auditors in Financial Year 2024-25 are provided
in the Financial Statements

The Statutory Auditors' Report being self-explanatory, do not
require any reply from the Board of Directors of the Company.

Secretarial Auditors and their Report

The Company has appointed M/s D A Kamat & Co, Company
Secretaries as the Secretarial Auditors of the Company for
FY 2024-25 under the provisions of Section 204 of the Companies
Act, 2013. The Secretarial Auditors Report for Financial Year
2024-25 is attached as Annexure - IV to this Report.

The Secretarial Compliance Report for the financial year ended
March 31,2025, in relation to compliance of all applicable SEBI
Regulations/circulars/ guidelines issued thereunder, pursuant to
requirement of Regulation 24A of Listing Regulations is on the
website of the Company.

The observations made by the Secretarial Auditors of the
Company and management reply thereto is mentioned in the
Secretarial Audit report.

The non-compliance was purely inadvertent and occurred due
to an internal oversight. The Company acknowledges this lapse
in all sincerity and has already initiated corrective measures to
strengthen its internal compliance systems. Further, the Company
is taking proactive steps to enhance its compliance framework
with a view to ensure adherence to all applicable laws and
regulations in a timely manner. These efforts are aligned with
the Company's commitment to uphold the principles of good

corporate governance, transparency, and accountability, thereby
fostering better compliance prospects in the future.

Cost Auditors

The Company is not required to appoint any Cost Auditors
or maintain cost records for the Company during the year
under review.

Internal Auditors

The Board had appointed M/s Anjani Goyal & Co. Chartered
Accountants as the Internal Auditors for FY 2024-25. The Board
appointed M/s Anjani Goyal & Co, Chartered Accountants as
the Internal Auditors for Financial Year 2024-25. The remarks of
the Internal Auditors Report are placed before the Audit Committee
and Board of Directors for their review and process improvement.

INTERNAL FINANCIAL CONTROLS

The Management continuously reviews the Internal Control
Systems and procedures for the efficient conduct of the Company's
business. The Company adheres to the prescribed guidelines with
respect to the transactions, Financial Reporting and ensures that
all its assets are safeguarded and protected against losses. The
Internal Auditor of the Company conducts the Audit on regular
basis and the Audit Committee actively reviews Internal Audit
Reports and effectiveness of Internal Control Systems.

Internal Control Systems are implemented to safeguard the
Company's assets from loss or damage, to keep constant check
on the cost structure, to prevent revenue leakages, to provide
adequate Financial and Accounting Controls and implement
Accounting Standards.

RISK MANAGEMENT POLICY

The Board of Directors have constituted a Risk Management
Committee consisting of the heads of finance, administration and
operations of the company. The Risk Management Committee of the
Company has been entrusted by the Board with the responsibility
of reviewing the risk management process in the Company and
ensuring that the risks are brought within acceptable limits.

Mitigation plans to significant risks are well integrated with
functional and business plans and are reviewed on a regular basis
by the senior leadership. The Company endeavours to continually
sharpen its Risk Management systems and processes in line with
a rapidly changing business environment. The Company, through
its risk management process, aims to contain the risks within its
risk appetite.

There are no risks which in the opinion of the Board threaten the
existence of the Company. However, some of the risks which may
pose challenges are set out in the Management Discussion and
Analysis which forms part of this Annual Report.

The Board of Directors of the Company, on the recommendation of
the Risk Management Committee has developed risk management
policy for the Company to articulate the Company's approach to
address the uncertainties in its endeavour to achieve its stated and
implicit objectives and the same is available at the website of the
Company at www.asl.net.in.

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

The information required to be furnished pursuant to Section 134
(3) (m) of the Companies Act, 2013 read with Rule 8 (3) of
Companies (Accounts) Rules, 2014 is enclosed as Annexure - V
and forms part of this Report.

CORPORATE GOVERNANCE REPORT

In compliance with Regulation 34 of the Listing Regulations, a
separate report on Corporate Governance along with a certificate
from the Auditors on its compliance is attached to this Report. The
same is attached to this Report as Annexure - VI.

MANAGEMENT DISCUSSION AND
ANALYSIS REPORT

Management Discussion and Analysis as stipulated under the
Listing Regulations is presented in a separate section forming part
of this Annual Report.

POLICY ON PREVENTION OF SEXUAL
HARASSMENT AT WORKPLACE

As per the requirements of the Sexual Harassment of Women
at Workplace (Prevention, Prohibition and Redressal) Act, 2013
(hereinafter referred to as "Prevention of Sexual Harassment
Act"), the Company has formulated a Policy on Prevention of
Sexual Harassment at Workplace for prevention, prohibition
and redressal of sexual harassment at workplace and an Internal
Complaints Committees has also been set up to redress any such
complaints received.

The Company is committed to providing a safe and conducive
work environment to all of its employees and associates. The
Company periodically conducts sessions for employees across
the organization to build awareness about the Policy and the
provisions of Prevention of Sexual Harassment Act.

The Company has not received any complaints during the
Financial Year 2024-25.

Further, the Ministry of Corporate Affairs has introduced an
amendment requiring disclosure of POSH compliance in the
Boards Report for reports Accordingly, the following disclosure is
being made in compliance with the said requirement:

The composition of the IC Committee is available on the website
of the Company.

MATERNITY BENEFIT COMPLIANCE:

The Ministry of Corporate Affairs has introduced an amendment
requiring disclosure of POSH compliance in the Board's Report
for reports approved in the Board Meeting held on or after July
14, 2025. Accordingly, the following disclosure is being made

in compliance with the said requirement under Maternity Benefit
Act, 1961:

NUMBER OF EMPLOYEES OF ARIHANT
SUPERSTRUCTURES LIMITED AS ON THE CLOSURE
OF THE FINANCIAL YEAR

INVESTOR EDUCATION AND PROTECTION FUND
(IEPF)

In accordance with the applicable provisions of Companies Act,
2013 (hereinafter referred to as "the Act") read with Investor
Education and Protection Fund (Accounting, Audit, Transfer and
Refund) Rules, 2016 (hereinafter referred to as the "IEPF Rules"),
all unclaimed dividends are required to be transferred by the
Company to the IEPF, after completion of seven (7) years. Further,
according to IEPF Rules, the shares on which dividend has not
been claimed by the shareholders for seven (7) consecutive years
or more shall be transferred to the demat account of the IEPF
Authority. The details relating to amount of dividend transferred
to the IEPF during the FY 2024-25 and corresponding shares on
which dividends were unclaimed for seven (7) consecutive years,
are provided in the General Shareholders Information section of
Corporate Governance report forming part of this Annual Report.

The Company is under process of transfer the unpaid dividend
amount and underlying shares to IEPF Account.

CODE OF CONDUCT AND INSIDER TRADING
REGULATIONS

The Board of Directors has approved a Code of Conduct which
is applicable to the Members of the Board and all Employees in
the course of day to day business operations of the Company.

The Code lays down the standard procedure of business conduct
which is expected to be followed by the Directors and the
designated Employees in their business dealings and in particular
on matters relating to integrity in the work place, in business
practices and in dealing with Stakeholders.

The Company has adopted a Code of Conduct for Prevention
of Insider Trading with a view to regulate trading in securities by
the Directors and designated Employees of the Company. The
Code requires pre-clearance for dealing in the Company's Shares
and prohibits the purchase or sale of Company Shares by the
Directors and the designated Employees while in possession of
Unpublished Price Sensitive Information in relation to the Company
and during the period when the trading window is closed. The
Board is responsible for implementation of the Code.

All Directors and the designated Employees have confirmed
compliance with the Code, except for the instances as reported
to the Stock Exchanges in this regard.

EMPLOYEES:

The employees form an integral part of the success of any
Company. The Company on a group level employed as
mentioned in the below table employees during the year. The
details of employees employed with the Company are as follows:

OTHER DISCLOSURES:

1) There are no material changes and commitments affecting
the financial position of the Company which have occurred
between the end of the financial year 2024-25 and the
date of this report.

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

3) During the year under review, the Company has not
accepted any deposit within the meaning of Sections 73
and 74 of the Act read with the Companies (Acceptance
of Deposits) Rules, 2014.

4) The Company has complied with Secretarial Standards
issued by the Institute of Company Secretaries of India on
Meetings of the Board of Directors and General Meetings

5) The details of the Loans given, Investments made,
guarantees and securities on loans given during Financial
Year 2024-25 are stated in Note 06 to the Standalone
Financial Statements of the Company.

6) The Company has taken loan from the Directors or their
relatives during the year under review. Details of the
same are mentioned in the Financial Statement. Further
the Company has taken the disclosure from the directors
regarding the same.

7) There are no significant material orders passed by the
Regulators or Courts or Tribunals impacting the going
concern status of the Company and its operations in future.

8) The Managing Director/Whole-time Director of the
Company has not received any remuneration or commission
from any of the subsidiary companies.

9) None of the Auditors of the Company have reported any
fraud as specified under the second proviso of Section 143
(12) of the Act.

10) The Company does not have any scheme or provision of
money for the purchase of its own shares by employees/
Directors or by trustees for the benefit of employees/ Directors.

11) The Company has not issued equity shares with differential
rights as to dividend, voting or otherwise.

12) The Company has not issued any sweat equity shares to its
directors or employees; and

13) There was no revision of financial statements and Boards
report of the Company during the year under review.

14) There are no applications made or any proceedings pending
against the Company under the Insolvency and Bankruptcy
Code, 2016 (31 of 2016) during the financial year.

15) There are no instances of one-time settlements during the
financial year.

APPRECIATION

The Board of Directors place on record sincere gratitude and
appreciation for all the employees at all levels for their hard work,
solidarity, cooperation and dedication during the year. The Board
conveys its appreciation for its customers, shareholders, suppliers
as well as vendors, Bankers, Business Associates, Regulatory and
Government Authorities for their continued support.

By Order of the Board
Arihant Superstructures Limited

Sd/-

Ashokkumar B. Chhajer

Place: Navi Mumbai Chairman & Managing Director

Date: 12.08.2025 DIN: 01965090