The Directors of your Company have immense pleasure in presenting the 41^st Board Report on the Company's business and operations, together
with the Audited Statement of Accounts for the financial year ended 31^st March, 2025. Consolidated performance of the Company and its
subsidiaries has been referred to wherever required.

FINANCIAL HIGHLIGHTS

In compliance with the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, (Listing Regulations), the Company has prepared its standalone and consolidated financial statements as per IND-AS for the financial year
2024-25. Your company's performance on standalone and consolidated basis during the year as compared with that of the previous year is
summarised as under:

(Figures in ' Lakhs)

FINANCIAL AND OPERATIONAL REVIEW

The Company's business continues to exhibit
robust performance. During the financial year
2024-25, the net revenue for the standalone
entity has slightly decreased to 38398.83
Lakhs from 38935.26 Lakhs in the previous
year showing a slight decrease of around 1%
and the earnings before interest, tax,
depreciation and amortization (EBITDA)
decreased to 3786.99 Lakhs from 7207.21
Lakhs in the previous financial year. The profit
after tax has gone up to 1913.93 Lakhs for the
year under review as against the profit after
tax of 375.41 Lakhs for the previous financial
year. In line with the above, the consolidated
total revenue stood at 46398.89 Lakhs during
the Financial Year 2024-25 against revenue of
46920.42 Lakhs in the previous year. Net
Consolidated profit from ordinary activities
after tax for the Financial Year 2024-25 went
up to 1809.50 Lakhs against the net profit after
tax of 793.24 Lakhs in the Previous Year.
During the financial year under review your
Company has been able to gear up its
construction activities at almost all its project
sites and has been able to shorten the delays
which took place during pandemic. While
business cycles were affected in the financial
years affected by the pandemic due to buyers
holding back purchases in anticipation of
regulatory changes, there has been
substantial improvement in the bookings,
sales and collections during the year under
review and the same trend has been
continuing in the current financial year too.
CHANGE IN THE NATURE OF BUSINESS
There has been no change in the nature of
business of the Company during the period
under review.

TRANSFER TO RESERVES

Your Directors do not propose to transfer any

amount to the reserves.

DIVIDEND

In view of the business requirements of the
Company, the Board of Directors of the
Company has not recommended any dividend
for financial year 2024-25.

TRANSFER OF AMOUNT TO INVESTOR
EDUCATION AND PROTECTION FUND

Pursuant to the applicable provisions of the
Companies Act, 2013 read with the Investor
Education and Protection Fund Authority
(Accounting, Audit, Transfer and Refund)
Rules, 2016 ("IEPF Rules”), all unpaid or
unclaimed dividends are required to be
transferred by the Company to IEPF, after the
completion of seven years. Further, according
to the IEPF Rules, the shares on which
dividend has not been paid or claimed by the
shareholders for seven consecutive years or
more shall also be transferred to IEPF.

During the year under review, the Company
had transferred an amount of Unclaimed
matured deposits and interest thereon of Rs.
14,56,026/- to Investor Education and
Protection Fund (IEPF) Authority. Based on the
Company's records, no unpaid or unclaimed
dividend is required to be deposited to the
Investor Education and Protection Fund
during the financial year 2024-25 as no unpaid
dividend is lying with the Company which is
due for transfer to the Investor Education and
Protection Fund.

Those members whose dividend and/or
shares have been transferred to IEPF Authority
are advised and requested to follow the
procedure specified by IEPF Authority for
claiming their dividend/shares, or may write
to MUFG Intime India Private Limited
(Formerly known as Link Intime India Private
Limited), Registrar & Share Transfer Agent
(RTA) of the Company.

FIXED DEPOSITS

The Company had been inviting/accepting
and renewing deposits from the public and
its shareholders for past many years in
accordance with the provisions of the
Companies Act, 1956/2013 read with the
Companies (Acceptance of Deposits), Rules,
1975/2014. However, the Company stopped
accepting/renewing public deposits with
effect from 1^st April, 2016 in view of non¬
availability of deposit insurance which was a
mandatory condition for acceptance/renewal
of deposits. The Company owed a principal
amount of 99.50 crores towards the public
depositors when it stopped taking/renewing
further deposits on 1^st April, 2016.

The Company in the month of July 2016 had
approached the Hon'ble National Company
Law Tribunal (NCLT), New Delhi seeking its
approval to repay public deposits in
instalments. Vide its Order dated 3^,d October,
2016, the NCLT had accepted and approved
in principle, the repayment proposal of the
company for extension of time in respect of
repayment of matured deposits in a phased
manner over a period of 24 months from their
respective maturity dates subject to periodical
review of the scheme. Thereafter, regular
review of the fixed deposit scheme had been
done by Hon'ble NCLT and the Company had
been refunding the public deposits in
accordance with the orders of the Hon'ble
NCLT made from time to time.

However, vide its Order dated 21^st September,
2022, the Hon'ble NCLT declined to extend
the scheme of repayment of fixed deposits as
requested by the Company and directed it to
release payment to the depositors in
accordance with its previous Orders dated 15^th
November, 2018 and 11^th July, 2019.
Consequent to the above order of the Hon'ble
Tribunal, the Company has released
outstanding principal amount of fixed
deposits along with interest/future interest to
all the depositors (except unclaimed deposits
which are being transferred to IEPF in
accordance with the law) through quarterly
post-dated cheques. As on 31st March, 2025,
there are only unclaimed deposits and the
outstanding amount other than unclaimed is
Nil.

The details relating to the deposits as required
by Rule 8(5)(v) of the Companies (Accounts)
Rules, 2014 are given below:

SHARE CAPITAL

The issued, subscribed and paid-up equity

share capital of the Company as on 31^st March,
2025 stood at ' 6963.58 lakhs.

SERVICE OF DOCUMENTS THROUGH
ELECTRONIC MODE

In furtherance of the Green Initiative in
Corporate Governance announced by the
Ministry of Corporate Affairs, the Company
had in past requested the shareholders to
register their email addresses with the
Registrar & Share Transfer Agent/Company
for receiving the reports, accounts and notices
etc. in electronic mode. However, some of the
shareholders have not yet registered their e¬
mail IDs with the Company. Shareholders who
have not yet registered their email addresses
are once again requested to register the same
with the Company by sending their requests
to sect@ansals.com. Further, Ministry of
Corporate Affairs vide General Circulars No.
20/2020 dated 05^th May, 2020, 02/2021 dated
13^th January, 2021, 02/2022 dated 5^th May,
2022, 11/2022 dated 28^th December 2022,
Circular No. 09/2023 dated 25^th September,
2023 and Circular No.09/2024 dated 19^th
September, 2024 and SEBI vide Circulars No.
SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated
12^th May, 2020, SEBI/HO/CFD/CMD2/CIR/P/
2021/11 dated 15^th January, 2021, SEBI/HO/
CFD/CMD2/CIR/P/2022/62 dated 13^th May
2022, SEBI/HO/CFD/PoD-2/P/CIR/2023/4
dated 05^th January, 2023, SEBI/HO/CFD/CFD-
PoD-2/P/CIR/2023/167 dated 07^th October,
2023 and SEBI/HO/CFD/CFD-PoD-2/P/CIR/
2024/133 dated 03^,d October, 2024 have
granted exemption to all the Companies from
dispatching physical copies of Notices and
Annual Reports to Shareholders. It is always
advisable to all the shareholders to keep their
email ids registered/ updated with the
Company in order to receive important
communication/information on time.
SUBSIDIARY. ASSOCIATE AND JOINT
VENTURE COMPANIES
As on 31^st March, 2025, your Company had
17 Subsidiaries and 1 Associate Company, the
details whereof are set out at appropriate
place in the Annual Report. M/s. Geo Connect
Limited is unlisted material subsidiary
Company within the meaning of Regulation
16(c) and 24 of SEBI Listing Regulations. Mrs.
Iqneet Kaur, Independent Director of the
Company has been appointed as Director on
the Board of the above-mentioned unlisted
material subsidiary. During the year M/s
Oriane Developers Private Limited cease to be
the material subsidiary of the Company based
on the financial statements as on 31^st March,
2024.

Pursuant to provisions of section 129(3) of the
Act, a statement containing salient features
of the financial statements of the Company's

subsidiaries in Form AOC-1 is attached to the
financial statements of the Company. In
accordance with third proviso to Section
136(1) of the Companies Act, 2013, the Annual
Report of your Company, containing inter alia
the audited standalone and consolidated
financial statements, has been placed on the
website of the Company at www.ansals.com
and may be accessed at https://
www.ansals.com/page/financial results.
Further, audited financial statements together
with related information and other reports of
each of the subsidiary companies have also
been placed on the website of the Company
at www.ansals.com and may be accessed at
https://www.ansals.com/page/financial subsidiary.
Further, highlights of performance of
subsidiaries, associates and joint venture
companies and their contribution to the
overall performance of the Company can be
referred to in Form AOC-1 as well as
Consolidated Financial Statements, which
form part of this Annual Report.

AWARD OF ISO 9001: 2015

Your Company continues to enjoy the

privilege of ISO 9001:2015 Certification
granted to it on 17^th April, 2023 through well-
known certification agency "DNV GL -
Business Assurance". The Management
System Certificate is valid till 15^th April, 2026.
It will be the constant endeavour of the
management to continuously stress on
systems/quality for ultimate delivery of its
products.

MANAGEMENT DISCUSSION AND
ANALYSIS REPORT

The Management Discussion and Analysis
Report, as required under Regulation 34 read
with Schedule V of the SEBI Listing
Regulations, is presented in a separate
section, forming part of the Annual Report.
CORPORATE GOVERNANCE
Your Company believes in adopting best
practices of corporate governance. Corporate
governance principles are enshrined in the
spirit of Ansal Housing Ltd., which form the
core values of the Company. These guiding
principles are also articulated through the
Company's code of business conduct,
corporate governance guidelines and
disclosure policy. Pursuant to the Regulation
34 of the Listing Regulations, a separate
section on corporate governance practices
followed by your Company, together with a
certificate from M/s. Parveen Rastogi & Co.,
Company Secretary in Practice, on compliance
with corporate governance norms under the
Listing Regulations, has been annexed as part
of this Report.

CHANGES IN DIRECTORS AND KEY
MANAGERIAL PERSONNEL

During the Financial Year 2024-25, there were
no changes in the Board of Directors and Key
Managerial Personnel ("KMPs”) of the
Company:

In accordance with the provisions of section
152 of Companies Act, 2013, Mr. Rajendra
Sharma, Director of the Company is liable to
retire by rotation at the ensuing Annual
General Meeting and being eligible, offers
himself for re-appointment.

As on 31^st March, 2025, the composition of
board was as given hereunder:

*Mr. Kushagr Ansal was re-designated as the Managing Director & CEO of the Company effective from 01^st October, 2024.

DECLARATION BY INDEPENDENT
DIRECTORS

In the first Board Meeting held for the
Financial Year 2024-25, all the Independent
Directors of the Company furnished to the
Company a declaration to the effect that they
meet the criteria of independence as provided
in Sub-section 6 of Section 149 of Companies
Act, 2013 and Regulation 16(1 )(b) and 25(8)
of the SEBI Listing Regulations. They have also
furnished their respective declarations in
pursuant to Rule 6(1) and (2) of Companies
(Appointment & Qualifications of Directors)
Rules, 2014 with respect to their registration
on the website of Indian Institute of Corporate
Affairs and payment of membership fee.
Further, the Board is of the opinion that the
Independent Directors of the Company
uphold the highest standards of integrity and
possess the requisite expertise and experience
required to fulfil their duties as Independent
Directors.

CONFIRMATION BY DIRECTORS

REGARDING_DIRECTORSHIP(s)/

COMMITTEE POSITION(S)

Based on the disclosures received, number of
Directorship(s), Committee Membership(s),
and Chairmanship(s) of all the Directors are
within respective limits prescribed under the
Act and SEBI Listing Regulations. Further,
none of the Executive Directors of the
Company served as an Independent Director
in any other listed company. Necessary
disclosures regarding Committee positions in
other public companies as on 31^st March 2025,
have been made by the Directors and
reported in the Corporate Governance Report
which forms part of the Annual Report.
NOMINATION AND REMUNERATION
POLICY

Pursuant to the provisions of Section 178 of
the Companies Act, 2013 and Regulation 19
of SEBI (LODR) Regulations, 2015, your
Company has formulated the Nomination and
Remuneration Policy for its Directors, Key
Managerial Personnel (KMP) and Senior
Management (SMs). The Policy sets out the
guiding principles for Nomination and
Remuneration Committee of the Company for
recommending to the Board the appointment
and remuneration of the Director(s), KMP(s)
and SM(s).

The Nomination and Remuneration
Committee shall identify and ascertain the
integrity, qualification and positive attributes,
expertise and experience of the person for
appointment of Director(s), KMP(s) and SM(s)
and recommend to the Board their
appointment based upon the need of the
Company. The policy is available at the
website of the Company at
https://www.ansals.mm/panp/nnminatinn remuneration policy.
CORPORATE SOCIAL RESPONSIBILITY
(CSR)

During the year 2024-25, no expenditure was
made by the Company towards Corporate
Social Responsibility due to prevailing
downfall in the Real Estate Sector as a
consequence of which the average net profit
in accordance of Section 135 of the
Companies Act, 2013 is negative for the
Financial Year under review.

The details about the policy developed and
implemented by the Company on Corporate
Social Responsibility are given in the
"Annexure-I” forming part of this report as
specified under the Companies (Corporate
Social Responsibility Policy) Rules, 2014. The
Policy has been disclosed on the website of
the Company.

RISK MANAGEMENT POLICY

The Company has its Risk Management Policy
which is reviewed by the Board of Directors
of the Company and the Audit Committee of

Directors from time to time so that
management controls the risk through a
structured network. Head of Departments are
responsible for implementation of the risk
management system as may be applicable to
their respective areas of functioning and
report to the Board and the Audit Committee
about the events of material significance.
The main objective of this policy is to ensure
sustainable business growth with stability and
to promote a pro-active approach in
reporting, evaluating and resolving risks
associated with the business. In order to
achieve the key objectives, the policy
establishes a structured and methodical
approach to risk management, in order to
guide decisions on risk related issues.

In today's turbulent and competitive
environment, strategies for mitigating
inherent risks are imperative for triggering the
growth graph of the Company. The common
risks inter alia are: Hazard risk, Regulatory
risks, Competition, Business risk, Technology
Obsolescence, Investments, Retention of
talent and Expansion of facilities etc. Business
risk, inter-alia, further includes financial risk,
political risk, fidelity risk and legal risk etc.
As a matter of policy, these risks are assessed
and appropriate steps are taken to allay the
same so that the element of risk threatening
the Company's existence is very minimal.
The Risk Management Policy as approved by
the Board has been uploaded on the
Company's website at
https://www.ansals.com/paae/risk management policy.
WHISTLE BLOWER POLICY AND VIGIL
MECHANISM

The Company has established a Vigil (Whistle
Blower) Mechanism for Directors and
Employees in compliance with Section 177(9)
of the Companies Act, 2013 read with
Regulation 22 of SEBI Listing Regulations, to
report their genuine concerns or grievances
regarding any unethical behaviour. The
details of Whistle Blower Policy are also
explained in the Corporate Governance
Report and the Policy of the Company is
available on the website of the Company at
https://www.ansals.com/page/whistle blower policy.
BOARD AND ITS COMMITTEES
The Board of Directors met five times during
the financial year 2024-25 for which notices
were served in accordance with Section 173(3)
of the Companies Act, 2013. As on 31^st March,
2025, the Board had five committees, namely
the Audit Committee, Nomination and
Remuneration Committee, Corporate Social
Responsibility Committee, Stakeholders'
Relationship Committee and Committee of
Directors. A detailed note on composition of
the board, committees, meetings, attendance

thereat is provided in the Corporate
Governance Report which forms part of the
Annual Report.

INTERNAL CONTROL SYSTEMS AND THEIR
ADEQUACY

The Company has a robust and well
embedded system of internal financial
controls. This ensures that all assets are
safeguarded and protected against loss from
unauthorised use or disposition and all
transactions are authorised, recorded and
reported correctly. Your Company's internal
controls are commensurate with the nature,
size and complexities of operations. These
internal control systems ensure compliance
with all applicable laws and regulations and
facilitate optimum utilisation of available
resources and protect the interests of all
stakeholders.

Your Company has an efficacious Audit
Committee consisting of Independent
Directors, the details of which have been given
in the Corporate Governance Report.
Independent Chartered Accountant firm has
been appointed as Internal Auditors and
effectiveness of internal control mechanism
is reviewed by Internal Auditors at regular
intervals. The Audit Committee reviews audit
reports submitted by the Internal Auditors
from time to time.

Suggestions for improvement are considered
by the Audit Committee, and its decisions are
followed by the Management through the
implementation of corrective actions and
improvements in business processes. The
Committee also meets, from time to time, the
Company's Statutory Auditors to ascertain,
inter-alia, their views on the adequacy of
internal control systems in the Company and
also keeps the Board of Directors informed
of its significant observations on a regular
basis.

AUDITORS AND AUDITORS' REPORT

a) Statutory Auditors

M/s. Dewan P N Chopra & Co. Chartered
Accountants are the Statutory Auditors
of the Company who were re-appointed
by the shareholders in their Annual
General Meeting held on, 27^th September,
2022 for the second term of five
consecutive years from the conclusion of
38^th Annual General Meeting (AGM) till
the conclusion of 43^,d AGM.

The Board has duly examined the Statutory
Auditors' Report to the accounts, which is
self-explanatory. Clarifications wherever
necessary, have been included in the Notes
to Accounts section of the Annual Report
and the Statutory Auditors have issued the
Auditors' report with unmodified opinion
on the Standalone and Consolidated

Audited Financial Results of the Company
for the quarter and year ended 31^st March,
2025.

b) Cost Auditors

M/s. U. Tiwari & Associates, Cost
Accountants, were appointed as the Cost
Auditors for the financial year 2024-25 to
conduct the audit of cost records
maintained by the Company. Your
Company is required to make and
maintain cost records as specified under
sub-section (1) of Section 148 of the
Companies Act. Accordingly, your
Company has been making and
maintaining such cost records as per the
requirements.

In terms of Section 148 of the Companies
Act, 2013 read with Companies (Cost
Records and Audit) Rules, 2014, the Audit
Committee recommended and the Board
of Directors appointed M/s. U. Tiwari &
Associates, Cost Accountants as the Cost
Auditors for the financial year 2025-26.
The Cost Auditors have confirmed that
they are not disqualified to be appointed
as the Cost Auditors of your Company for
the financial year ending 31^st March, 2026.
The remuneration of Cost Auditors has
been approved by the Board of Directors
on the recommendation of the Audit
Committee. In terms of the Act and Rules
thereunder requisite resolution for
ratification of remuneration of the Cost
Auditors by the members has been set
out in the Notice of the 41^st Annual
General Meeting of your Company.

c) Secretarial Auditors

In terms of Section 204 of the Companies
Act, 2013 and the Regulation 24A of the
SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as
amended from time to time, the Audit
Committee recommended and the Board
of Directors appointed M/s. Rahul Jain &
Co., Practicing Company Secretaries as
the Secretarial Auditors of the Company
for the financial year 2024-25 and their
report is annexed to this report as
"Annexure IIA".

Further, in terms of the requirements
under the SEBI Listing Regulations, the
Secretarial Audit Report of Material
Unlisted Subsidiary, viz. M/s Geo Connect
Limited for the financial year 2024-25 is
annexed to this report as "Annexure IIB".
The Secretarial Audit Reports are self¬
explanatory.

d) Internal Auditors

In terms of Section 138 of the Companies
Act, 2013 read with the Companies
(Accounts) Rules, 2014, as amended from

time to time, the Audit Committee
recommended and the Board of Directors
appointed M/s. Khanna & Annandhanam,
as the Internal Auditors of the Company
for the financial year 2024-25.
SECRETARIAL STANDARDS
During the period under review, your
Company has complied with applicable
Secretarial Standards i.e. SS-1 and SS-2,
relating to "Meetings of the Board of
Directors” and "General Meetings”,
respectively.

REPORTING OF FRAUD BY AUDITORS

During the year under review, the Statutory
Auditors, Secretarial Auditor and Cost
Auditors have not reported any instance of
fraud in respect of the Company, by its officers
or employees under Section 143(12) of the
Companies Act, 2013.

OTHER STATUTORY DISCLOSURES
Web address of Annual Return
In terms of the provisions of Section 92(3) of
the Companies Act, 2013 read with Section
134(3)(a) of the Companies Act, 2013, the
Annual Return in Form MGT-7 shall be placed
on the website of the Company as soon as
the same gets filed with the Registrar of
Companies. The Web link to access the same
is https://www.ansals.com/page/annual return.
Particulars of Loans, Guarantees or
Investments under Section 186 of the
Companies Act, 2013 and Schedule V of the
Securities and Exchange Board of India
(Listing Obligations and Disclosure
Requirements) Regulations, 2015
During the year under review, your Company
had not granted any loans, guarantees or
made investments falling under Section 186
of the Companies Act, 2013.

Particulars of Contracts or Arrangements
with Related Parties

As a part of its philosophy of adhering to
highest ethical standards, transparency and
accountability, your Company has historically
adopted the practice of undertaking related
party transactions only in the ordinary and
normal course of business and at arm's length.
In line with the provisions of the Companies
Act, 2013 and the Listing Regulations, the

Board has approved a policy on related party
transactions. The said policy on related party
transactions has been placed on the
Company's Website. All Related Party
Transactions are placed on a quarterly basis
before the Audit Committee for its review. The
particulars of contracts or arrangements with
related parties referred to in section 188(1)
and applicable rules of the Companies Act,
2013 in Form AOC-2 for the financial year
2024-25 are provided as "Annexure -III" to
this report forming part hereof.

Your Company has taken necessary approvals
as required by Section 188 read with the
Companies (Meeting of Board and its Powers)
Rules, 2014 from time to time in respect of
the related party transactions.

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.

No material changes or commitments have
occurred between the close of the financial
year of the Company to which the balance
sheet relates and the date of the report which
may affect the financial position of the
Company.

Board Evaluation

Pursuant to applicable provisions of the
Companies Act, 2013 and Listing Regulations,
the Board, in consultation with its Nomination
& Remuneration Committee, had formulated
a framework containing, inter-alia, the criteria
for performance evaluation of the entire Board
of the Company, its Committees and
individual directors, including independent
directors.

The performance of the board was evaluated
by independent directors in their separate
meeting after seeking inputs from all the
directors on the basis of the criteria such as
the adequacy and composition of the board
and its 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

the criteria such as the composition of
committees, effectiveness of committee
meetings, functions etc. A structured separate
exercise is carried out by the board and the
nomination and remuneration committee
reviews the performance of the individual
directors on the basis of the criteria such as
qualifications, expertise, attendance and
participation in the meetings, experience and
competencies, independent judgement,
obligations and regulatory compliances,
performance of specific duties and
obligations, governance issues, 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
inputs in meetings etc. Performance
evaluation of independent directors was done
by the entire board, excluding the
independent director being evaluated.

The Board evaluation is conducted through
questionnaire having qualitative parameters
and feedback based on rating scale of 1-3.
The directors expressed their satisfaction with
the evaluation process.

PARTICULARS OF EMPLOYEES
Information required pursuant to section
197(12) of the Companies Act, 2013 read with
Rule 5(1) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules,
2014, is provided as "Annexure-IV" to this
Report. Your Board of Directors affirms that
the remuneration paid is as per the
Remuneration Policy of the Company.

A statement containing, inter alia, particulars
of top ten Employees in terms of
remuneration drawn and name of every
employee, if employed throughout the
financial year in receipt of remuneration of
102 lakhs or more or employees employed for
part of the year and in receipt of 8.5 lakhs or
more per month pursuant to Rule 5(2) and
5(3) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules,
2014 forming part of this Report is attached
herewith in "Annexure-V”.

APPLICATIONS MADE OR PROCEEDINGS PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016

Proceedings pending along with their status as on 31^st March, 2025 is as follows:

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

During the year, there was no one time
settlement done in respect of loans taken
from Banks or Financial Institutions.

SHARES WITH DIFFERENTIAL VOTING
RIGHTS AND SWEAT EQUITY SHARES

During the year under review, no shares with
differential voting rights and sweat equity
shares have been issued by the Company.

SWAYAM

'SWAYAM' is a secure, user-friendly web-
based application, developed by ”M/s MUFG
Intime India Pvt Ltd.” (Formerly known as
M/s Link Intime India Pvt Ltd.), our Registrar
and Share Transfer Agents, that empowers
shareholders to effortlessly access various
services. We request you to get registered and
have first-hand experience of the portal.

This application can be accessed at
https://swavam.in.mpms.mufg.com/

• Effective Resolution of Service Request -
Generate and Track Service Requests/
Complaints through SWAYAM.

• Features - A user-friendly GUI.

• Track Corporate Actions like Dividend/
Interest/Bonus/split.

• PAN-based investments - Provides access
to PAN linked accounts, Company wise
holdings and security valuations.

• Effortlessly raise request for Unpaid
Amounts.

• Self-service portal - for securities held in
demat mode and physical securities,
whose folios are KYC compliant.

• Statements - View entire holdings and
status of corporate benefits.

• Two-factor authentication (2FA) at Login
- Enhances security for investors.

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

A. Conservation of Energy and
Technology Absorption

Your Company is not engaged in any
manufacturing activity; as such particulars
relating to Conservation of Energy and
Technology Absorption as per section
134(3)(m) of the Companies Act, 2013
read with Rule 8 of the Companies
(Accounts) Rules, 2014 are not applicable
on the Company.

B. Foreign Exchange Earnings and Outgo

Particulars of Foreign Exchange Earnings and
Outgo -

a) Foreign Exchange Nil

Earnings - through
Credit Cards as per
bank certificates/advices

b) Dividend Received in Nil

foreign currency

(Net of CDT)

c) Foreign Exchange Outgo

Payment of Brokerage Nil

Travel Expenses 11,67,738

Property Exhibition Nil

Professional Expenses Nil

DETAILS OF SIGNIFICANT AND MATERIAL
ORDERS PASSED BY THE REGULATORS OR
COURTS OR TRIBUNALS IMPACTING THE
GOING CONCERN STATUS AND
COMPANY'S OPERATIONS IN FUTURE
No significant and material orders were
passed by the regulators or courts or tribunals
during the financial year 2024-25 which have
an impact on the going concern status and
company's operations in future.

CREDIT RATING

The details of the credit ratings awarded to
the Company are provided in the Corporate
Governance Report forming part of the
Integrated Annual Report.

INVESTORS' GRIEVANCE
In order to comply with the provisions of
Regulation 46 read with other regulations of
the SEBI (Listing Obligations & Disclosure
Requirements) Regulations, 2015, the
Company has designated an E-mail ID-
sect@ansals.com which is exclusively for the
clarifications/queries/grievance redressal of
the investors of the Company.

LISTING WITH STOCK EXCHANGE
The Equity Shares of the Company, continue
to remain listed at BSE Limited. The listing fees
payable to the BSE for the financial year 2024¬
25 has been paid.

INFORMATION REQUIRED UNDER SEXUAL
HARASSMENT OF WOMEN AT
WORKPLACE (PREVENTION, PROHIBITION
& REDRESSAL) ACT, 2014

The Company has always believed in
providing a conducive work environment
devoid of discrimination and harassment
including sexual harassment. The Company
has a well formulated Policy on Prevention
and Redressal of Sexual Harassment. The
objective of the Policy is to prohibit, prevent
and address issues of sexual harassment at
the workplace.

As part of the organization's policy for
preventing sexual harassment, the Company
has established an Internal Committee (IC) to
prevent and resolve complaints of sexual
harassment of women at work in accordance
with the Sexual Harassment of Women at
Workplace (Prevention, Prohibition, and
Redressal) Act, 2013 and its implementing
rules. During the financial year under review,
the Company has complied with all the
provisions of the POSH Act and the rules

framed thereunder. Further details are as
follow:

1. Number of complaints 0

of Sexual Harassment

received in the Year

2. Number of Complaints 0

disposed of during the

year

3. Number of cases pending 0

for more than ninety days

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.
DIRECTORS' RESPONSIBILITY STATEMENT
Pursuant to Section 134(3)(c) of the
Companies Act, 2013, the Directors to the best
of their knowledge and belief, confirm :

i. that in the preparation of the annual
accounts, the applicable accounting
standards have been followed along with
proper explanations relating to material
departures; that the directors have
selected such accounting policies and
applied them consistently and made
judgements and estimates that are
reasonable and prudent so as to give a
true and fair view of the state of affairs of
the Company for the financial year ended
31^st March, 2025 and of the loss of the
Company for that period;

ii. that the directors had taken proper and
sufficient care for maintenance of
adequate accounting records in
accordance with the provision of the Act
for safeguarding the assets of the
Company and for preventing and
detecting fraud and other irregularities;

iii. that the directors had prepared the
annual accounts on a going concern
basis;

iv. 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 operating
effectively; and

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

ACKNOWLEDGEMENTS AND APPRECIATION

The Board of Directors of your Company
wishes to place on record its appreciation to
the Central and State Governments as well as
their respective Departments and
Development Authorities connected with the
business of the Company, Company's bankers
and business associates, for the assistance, co¬
operation and encouragement they extended

to the Company.

The Directors also extend their appreciation
to the employees for their continuing support

and unstinting efforts in ensuring an excellent
all-round operational performance. The
Directors would like to thank shareholders

and deposit holders for their support and
contribution. We look forward to their
continued support in future.

Regd. Office: For and on behalf of the Board of Directors

606, 6^th Floor, Indra Prakash,

21, Barakhamba Road,

New Delhi - 110 001.

Place : Vaishali, Ghaziabad (Kushagr Ansal) (Bal Kishan Sharma)

Dated : 28.05.2025 Managing Director & CEO Non-Executive Independent Director

DIN: 01216563 DIN: 09675600