Your directors take pleasure in presenting the 11^th (Eleventh) Annual Report, together with the Audited
Financial Statements, for the financial year ended March 31, 2025.

1. RESULTS OF OUR OPERATIONS AND STATE OF AFFAIRS (2024-25):

The Audited Standalone Financial Statements of your Company as on 31st March, 2025, are prepared in
accordance with the relevant applicable Ind AS and Regulation 33 of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") and
the provisions of the Companies Act, 2013 ("Act").

The standalone financial statements have been prepared in accordance with the Indian Accounting Standards
(Ind AS).

2. COMPANY'S PERFORMANCE AND OPERATIONS:

Your directors are immense happy to inform that the company has broken its own records. The
Company's revenue from operations for FY 2024-25 was Rs. 35,875.53 Lakhs as compared to Rs.
25,786.37 Lakhs in the previous year which can be considered significant increase in revenue of the
Company. The Company's profit before tax was Rs. 2,806.32 Lakhs during the year as compared to
Rs. 2,352.55Lakhs in the previous year, an increase of 19.50 % over the previous year. The Company
earned a net profit after tax of Rs. 2,640.67 lakhs, higher by 19.85 % as against a net profit after tax
of Rs. 2,203.34 Lakhs in the previous year.

3. DIVIDEND:

As your directors wish to plough back profit for future development of the Company, no dividend is
recommended or declared for the year ended on March 31, 2025.

4. DEPOSITS:

The Company has not accepted any fixed Deposits during the year under review.

5. SHARE CAPITAL:

The paid-up equity share capital as on March 31, 2025 was Rs.10,49,37,280/- divided into
10,49,37,280 equity shares of face value of 01/- each. However, there was no public issue, rights
issue, bonus issue or preferential issue, etc. during the has not issued shares with differential voting
rights, sweat equity shares, nor has initiated any stock options.

6. FINANCIAL STATEMENT:

Full version of the Annual Report 2024-25 containing complete Balance Sheet, Statement of Profit &
Loss, other statements, and notes thereto, prepared as per the requirements of Schedule III to the
Companies Act, 2013, Directors' Report (including Management Discussion and Analysis, Corporate
Governance Report) are being sent via email to all shareholders who have provided their email
address(es). Full version of Annual Report 2024-25 is also available for inspection at the registered
office of the Company during working hours up to the date of ensuing Annual General Meeting
(AGM). It is also available at the Company's website at www.bombaysuperseeds.com.

7. RESERVES & SURPLUS:

The company has closing balance of ^. 9,418.99 Lakhs as reserve and surplus including Security
Premium as on Financial Year ended on 31st March, 2025 as Compare to ^. 6,778.32 Lakhs in Previous
Year.

8. ANNUAL SECRETARIAL COMPLIANCE REPORT:

The Company has undertaken an audit for the Financial Year 2024-25 for all Applicable Compliances
as per Securities and Exchange Board of India Regulations, Circulars/guidelines issued thereunder.
The Annual Secretarial Compliance Report issued by M/s Vast & Co., Company Secretaries has been
submitted to the Exchange within the prescribed time.

9. STATUTORY AUDITORS AND AUDITOR'S REPORT THEREON:

M/s. Gautam N Associates, Chartered Accountants having FRN: 0103117W have been appointed in
the 11^th Annual General Meeting of the Company till the conclusion of 12^th Annual General Meeting.
Further the said firm has conveyed their consent to be Re-appointed as statutory auditor of the
company, along with confirmation that their Re-appointment, if approved by shareholders in 11^th
Annual General Meeting would be within the prescribed limit under the act.

The Statutory Audit Report is annexed to this Annual Report. There are no qualifications, reservation
or adverse remarks made by the statutory auditors in their report or by the Practicing Company
Secretary in the Secretarial Audit Report for the year ended 31st March 2025. During the year, there
were no instances of frauds reported by auditors under Section 143(12) of the Companies Act, 2013.

10. SECRETARIAL AUDITORS:

Pursuant to Section 204 of the Companies Act, 2013 the Board of Directors had appointed M/s. VAST
& Co., Company Secretaries LLP, to undertake the Secretarial Audit of the Company for the F.Y. 2024¬
25. The Secretarial Audit Report is attached to this report as Annexure-I.

11. INTERNAL AUDITORS:

The Board of Directors of the Company has re-appointed M/s. H.H. Atkotiya & Associates. Chartered
Accountants as an Internal Auditors to conduct Internal Audit of the Company.

12. SUBSIDIARY, JOINT VENTURE AND ASSOCIATE COMPANIES:

As on March 31, 2025, The Company has neither subsidiary nor Joint Venture Company nor Associate
Company.

13. ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENTS:

The Board has adopted policies and procedures for ensuring the orderly and efficient conduct of its
business, including adherence to the Company's policies, safeguarding of its assets, prevention and
detection of fraud, error reporting mechanisms, accuracy and completeness of the accounting
records, and timely preparation of reliable financial disclosures. For more details, refer to the
'Internal control systems and their adequacy' section in the Management's discussion and analysis,
which forms part of this Annual Report.

14. DIRECTORS' RESPONSIBILITY STATEMENTS:

Pursuant to requirement under section 134(3)(C) of the Companies Act, 2013 with respect to
Director's Responsibility Statement, it is hereby confirmed that:

a) that in preparation of the annual accounts, the applicable accounting standards have been
followed and that there are no material departures;

b) that the directors have selected such accounting policies and applied them consistently and made
judgments and estimates that are reasonable and prudent so as to give a true and fair view of the
state of affairs of the Company at the end of the financial year 2024-25 and of the profit of the
Company for that year;

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

d) That the directors have prepared the annual accounts on going concern basis.

e) That the Directors had laid down internal financial controls to be followed by the company and
that such internal financial controls are adequate and were operation efficiently.

f) That 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.

15. DECLARATION FROM INDEPENDENT DIRECTORS:

The independent Directors have submitted the declaration of independence, as required pursuant
to section 149 (7) of the Companies Act, 2013 stating that they meet the criteria of independence as
provided in sub section (6) of Section 149.

16. MEETINGS OF THE BOARD:

The Meetings of the Board are held at regular intervals to discuss, deliberate and decide on various
business policies, strategies, governance, financial matters and other businesses. The intervening gap
between the meetings was within the period prescribed under the Companies Act, 2013, Secretarial
Standards - 1 (SS-1) issued by the Institute of Company Secretaries of India and Regulation 17 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. For more details, please
refer to the report on corporate governance, which forms part of this Annual Report in the form of
Annexure-II.

17. COMMITTEES OF THE BOARD:

The Committees of the Board focus on certain specific areas and make informed decisions in line
with the delegated authority. The following Committees constituted by the Board function according
to their respective roles and defined scope in terms of the provisions of the Companies Act, 2013 &
SEBI (LODR) Regulations 2015 read with rules framed thereunder:

• Audit Committee

• Nomination and Remuneration Committee

• Corporate Social Responsibility Committee

• Stakeholders' Relationship Committee

• Complaints Committee for Sexual Harassment Complaints Redressal

Details of composition, terms of reference and number of meetings held for respective committees
given in the Report on Corporate Governance, which forms a part of this Annual Report as Annexure
II. During the year under review, the Board has accepted all recommendations made by the various
Committees.

18. MEETING OF INDEPENDENT DIRECTORS:

In terms of requirements of Schedule IV of the Companies Act, 2013, The Independent Directors of
your Company meet before the Board Meetings without the presence of the Executive Chairman or
the Managing Director or other Non-Independent Director or Chief Financial Officer or any other
Management Personnel. The Independent Directors of the Company met separately on to inter alia
review the performance of Non-Independent Directors (including the Chairman), the entire Board
and the quality, quantity and timeliness of the flow of information between the Management and
the Board. All the Independent directors were attended the meeting.

19. FAMILIARISATION PROGRAMME FOR INDEPENDENT DIRECTORS/NON-EXECUTIVE DIRECTORS:

All the Independent Directors of the Company are made aware of their roles and responsibilities at
the time of their appointment through a formal letter of appointment, which also stipulates various
terms and conditions of their engagement. Executive Directors and Senior Management provide an
overview of the operations and familiarize the new Non-Executive Directors on matters related to
the Company's values and commitments. The Directors are provided with all the documents to
enable them to have a better understanding of the Company, its various operations and the industry
in which it operates. The Director is also explained in detail the Compliance required from him/her
under the Companies Act, 2013, the Listing Regulations and other relevant regulations and
affirmation taken with respect to the same.

Pursuant to Regulation 25(7) of the Listing Regulations, the Company imparted various familiarization
programmes for its Directors including review of Industry Outlook at the Board Meetings, Regulatory
updates at Board and Audit Committee Meetings covering changes with respect to the Companies
Act, 2013, Listing Regulations, Taxation and other matters, Presentations on Internal Control over
Financial Reporting, Operational Control over Financial Reporting, Prevention of Insider Trading
Regulations, Framework for Related Party Transactions, Plant Visit, Meeting with Senior Executive(s)
of your Company, etc. Pursuant to Regulation 46 of the Listing Regulations. The details required are
available on the website of your Company at www.bombaysuperseeds.com

20. ANNUAL EVALUATION:

The Board of Directors has carried out an annual evaluation of its own performance, its Committees
and individual Directors pursuant to the requirements of the Act. Pursuant to the provisions of the
Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 and the guidance Note on Board Evaluation issued by the SEBI on
5^th January 2017, the Board has carried out an annual performance evaluation of its own
performance, the directors individually as well as the evaluation of the working of its committees.

The performance of the board was evaluated by the board after seeking inputs from all the directors
on the basis of criteria such as the board composition and structure, effectiveness of board
processes, information and functioning etc., The performance of the committees was evaluated by
the board after seeking inputs from the committee members on the basis of criteria such as the
composition of committees, effectiveness of committee meetings etc.,

In a separate meeting of independent directors, performance of non-independent directors, the
chairman of the company and the board as whole was evaluated, taking into account the views of
executive directors and non-executive directors. The Board and the nomination and remuneration
committee reviewed the performance of individual directors on the basis of criteria such as the
contribution of the individual director to the board and committee meetings like preparedness on
the issues to be discussed, meaningful and constructive contribution and valuable inputs in meetings
etc.,

In the board meeting that followed the meeting of the independent directors and meeting of
nomination and remuneration committee, the performance of the board, its committees, and
individual directors was also discussed. The performance evaluation of the Independent Directors
was completed. The performance evaluation of the Chairman and the Non-Independent Directors
was carried out by the Independent Directors. The Board of Directors expressed their satisfaction
with the evaluation process.

21. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

The Management Discussion and Analysis Report has been attached to this report as an Annexure -
III.

22. DISCLOSURE RELATING TO REMUNERATION OF DIRECTORS, KEY MANAGERIAL PERSONNEL AND
PARTICULARS OF EMPLOYEES:

The Company has adopted a Remuneration Policy for the Directors, KMP and other employees,
pursuant to the provisions of the Act and the SEBI Listing Regulations. In terms of the provisions of
Section 197(12) of the Companies Act, 2013 read with Rules 5 (2) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, a statement showing the names and other
particulars of the employees drawing remuneration in excess of the limits set out in the said rules.
Pursuant to above mentioned regulations kindly refer Annexure IV.

23. RELATED PARTY TRANSACTIONS:

During the year your company has entered into certain related party transaction, which were in
ordinary course of Business and on arms' length basis, Details of the transactions pursuant to
compliance of clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies
(Accounts) Rules, 2014:

Particulars of contracts or arrangements with related parties referred to in sub-section (1) of section
188 in the form AOC-2 as Annexure V.

Suitable disclosures as required are provided in AS- 18 which is forming the part of the notes to
financial statement.

24. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING AND
OUTGO:

• CONSERVATION OF ENERGY:

In accordance with the requirements of section 134(3)(3) of the Companies Act, 2013 read with rule

8(3) the Companies (Accounts) Rules, 2014 and forming part of the Report of the Directors, the
particulars with respect to Conservation of Energy Technology Absorption and Foreign Exchange
Earnings and Outgo are presented here under:

I. the steps taken or impact on conservation of energy:

Company has constructed Cold Storage facility having facility of 10,000 Metric Ton, The plant is
constructed with Combination of our ancient temperature control in addition to modern structures,
which results in less electricity consumption and seeds can be stored for long period and viability of
the seeds can be extended.

II. the capital investment on energy conservation equipment:

Company has implanted solar panel for conservation of Energy. This has resulted in savings in cost
by use of alternate source of energy. This investment in Solar Plant has helped the Company to
generate electricity as an alternate source of energy and reduce electricity cost incurred in factory to
a great extent.

• TECHNOLOGY ABSORPTION:

(i) The benefits derived like product improvement, cost reduction, product development or import
substitution :

High quality standards helps in maintaining a better image in the market and has helped in improving
the marketability of the products. There is a comprehensive quality control to ensure that the
Company's products meet international standards.

(ii) the expenditure incurred on Research and Development:

Your company is having strong Research & Development activities and has experienced R & D Team.
During the year your company has spent required amount as mentioned in the finaicials of the
Company for Research & Development Activities.

Further, as your company has treasured prestigious recognition to R & D Units of the company by
which company can avail custom / central excise duty exemption on the purchase/import of
equipment, consumables, instruments and spares there of used for Research & development
activities during the period of recognition by The Department of Scientific and Industrial Research
(DSIR) of Ministry of Science & Technology, New Delhi.

• FOREIGN EXCHANGE EARNING AND OUTGO :

There is a no Foreign Exchange Earnings during the year. However, the company has spent for
purchase of Seeds.

25. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186:

The loan given or guarantee provided, or investment made by the Company during the financial year
2024-25 as per Section 186 of the Companies Act, 2013 have been given in the Balance Sheet and
Audit Report.

26. CORPORATE SOCIAL RESPONSIBILITY:

The brief outline of the Corporate Social Responsibility (CSR) policy of the Company and the initiatives
under taken by the Company on CSR activities during the year under review are set out in Annexure
VI of this report in the format prescribed in the Companies (Corporate Social Responsibility Policy)
Rules, 2014. For other details regarding the CSR Committee, please refer to the Corporate
Governance Report, which is a part of this report.

27. HUMAN RESOURCES:

Our professionals are our most important assets. We are committed to hiring and retaining the best
talent and being among the industry's leading employers. For this, we focus on promoting a
collaborative, transparent and participative organization culture, and rewarding merit and sustained
high performance. Our human resource management focuses on allowing our employees to develop
their skills, grow in their career and navigate their next.

Our Human Resource (HR) team ensures that the employee benefits form an integral part of our
work culture. Our company team consist of veteran R & D Expert who is having more than 26 years
of experience in field of Agriculture along with this all other team members are well experienced and
has developed skill in the agriculture field.

None of employee has received remuneration exceeding the limit as stated in rule (2) of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

28. FARMER ENGAGEMENT:

The Company believes in empowering the farmers and providing them with necessary knowledge.
During the year, through its Farmer Engagement Programme in both Crop Care as well as the Seeds
division and also provided some useful knowledge about sowing seeds in time, techniques for
growing seeds, adding nitrogen & gyp-sum, using proper irrigation techniques, etc which helps
farmers to increase the productivity.

29. DIVIDEND DISTRIBUTION POLICY:

Pursuant to regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, the Board has approved and adopted the Dividend Distribution Policy. The same is available at
the Website of the Company and also annexed to this report as an Annexure VII.

30. CODE FOR PREVENTION OF INSIDER TRADING:

The Company has adopted a Code of Conduct to regulate, monitor and report trading by designated
persons and their immediate relatives as per the requirements under the Securities and Exchange

Board of India (Prohibition of Insider Trading) Regulations, 2015. This Code of Conduct also includes
code for practices and procedures for fair disclosure of unpublished price sensitive information,
which has been available on the Company's website www.bombaysuperseeds.com

31. CHANGE IN NATURE OF BUSINESS:

During the year under consideration, there being no change in nature of the Company.

32. CHANGE IN DIRECTORS AND KEY MANAGEMENT PERSONNEL:

During the year under review, there was no change in the Key Managerial Personal of the Company
except the change of Company Secretary and compliance officer of the Company.

33. MATERIAL CHANGES BETWEEN DATE OF THE BOARD REPORT AND END OF THE FINANCIAL YEAR:

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

34. BUSINESS RISK MANAGEMENT:

In today's economic environment, risk management is a very important part of business. The main
aim of risk management is to identify, monitor and take precautionary measures in respect of the
events that may pose risks for the business. Your company's risk management is embedded in the
business processes. Your company has identified certain risks like price risk, uncertain global
economic environment, interest rate, human resource, competition, compliance and industrial
health and safety risk and has also planned to manage such risk by adopting best management
practices.

35. DISCLOSURE AS PER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION
AND REDRESSAL) ACT, 2013:

The Company has zero tolerance for sexual harassment at workplace and has adopted a strong step
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 and the rules and no complaint has been received on sexual harassment during the
financial year 2024-25.

36. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS
IMPACTING THE GOING CONCERN STATUS AND COMPANY'S OPERATION IN FUTURE:

During the year under review there has been no such significant and material orders passed by the
regulators or courts or tribunals impacting the going concern status and company's operation in
future.

37. FIXED DEPOSITS:

The company has not invited /accepted any fixed deposits under the provisions of section 73 of the
Companies Act, 2013 and rules made there under.

38. TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND:

During the year under review, there were no instances incurred pursuant to which Company would
require to transfer any amount to Investor Education and Protection Fund. Hence no reporting under
this is required.

39. SECRETARIAL STANDARDS:

The Company complies with all applicable secretarial standards issued by the Institute of Company
Secretaries of India.

40. LISTING ON STOCK EXCHANGES:

The Company's shares are listed on the Main Board of the National Stock Exchange of India Limited
with Script Code "BSHSL".

41. CREDIT RATING:

For Financial year 7074-75. Credit rating is CARE BBB- Stable to the company.

42. ANNUAL RETURN:

Pursuant to the provision of Section 134(3(a) and Section 92(3) of the Act and Rule 12 of the
Companies (Management and Administration) Rules, 2014, the Annual Return for F.Y. 2024-25 is
uploaded on the website of the Company at www.bombaysuperseeds.com.

43. CORPORATE GOVERNANCE:

At Bombay Super, we ensure that we evolve and follow the corporate governance guidelines and
best practices diligently, not just to boost long-term shareholder value, but also to respect rights of
the minority. We consider it our inherent responsibility to disclose timely and accurate information
regarding the operations and performance, leadership, and governance of the Company.

Pursuant to Regulation 34 of the SEBI Listing Regulations, Report on Corporate Governance along
with the certificate from Vast & Co. Company Secretaries certifying compliance with conditions of
Corporate Governance is part to this Report. The Report on the Corporate Governance is annexed
herewith as Annexure -II.

44. BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT (BRSR):

Pursuant to Regulation 34 (2) (f) of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015, The Business Responsibility and Sustainability
Report ("BRSR") for the year ended March 31, 2025 is applicable to the company, even not being
included in the Top 1000 Companies as per Market Capitalisation as on March 31, 2025. The said
report is attached to this report as an Annexure VIII.

45. INSURANCE:

All the insurable interest of the company, including Inventories, Buildings, Machinery etc., is
adequately insured. (D&O policy)

46. GENERAL DISCLOSURE:

The Directors state that no disclosure or reporting is required in respect of the following items, as
there were no transactions/events related to these items during the financial year under review:

1. There was no revision made in Financial Statements or the Board's Report of the Company;

2. The Company has not come up with any Right issue, Issue of Employee Stock Options, Issue of Sweat
Equity Shares, Issue of Debentures, issue of Bonds etc.

3. Issue of equity shares with differential rights as to dividend, voting or otherwise;

4. Issue of sweat equity shares to employees of the Company under any scheme;

5. Made any change in voting rights;

6. Raising of funds through Preferential Allotment, Rights Issue or Qualified Institutional Placement;

7. Suspension of trading of equity shares of the Company;

8. No application for Bankruptcy under the Insolvency & Bankruptcy Code, 2016 was made against the
Company during the financial year under review nor are there any pending proceedings for the
same.

47. APPRECIATION AND ACKNOWLEDGEMENTS:

The Board of Directors wishes to express its gratitude and record its sincere appreciation for the
commitment and dedicated efforts put in by executives, officers, and staff for their contribution and
for making the Company what it is. The Directors likes to take this opportunity to thanks
Shareholders, customers, vendors, dealers, suppliers, Bankers, government authorities for the
support, encouragement, and their confidence in the management during the year.

FOR AND ON BEHALF OF THE BOARD
BOMBAY SUPER HYBRID SEEDS LIMITED

Sd/- Sd/-

Mr. Arvindkumar J Kakadia Mr. Kiritkumar J Kakadia

Managing Director Whole Time Director

DIN:06893183 DIN:06893686

Place: KUVADVA
Date: 15/07/2025

1

Difference in foreign exchange Gain (Loss) shown as per references given in the notes no. 21, 43
and 44 to the notes to accounts of financial statements for FY 2024-25.