Your Directors are pleased to present the 46^thAnnual Report together with the Audited Financial
Statements of the Company for the Financial Year ended on 31^st March, 2025.

1. FINANCIAL PERFORMANCE

(Rs. in Lakhs)

2. DIVIDEND

During the Financial Year 2024-25, the Company has not declared any dividend. The Board has
decided to retain all earnings for the current period and such retained earnings will be used to fund
future investments and support the company's continued growth.

3. RESERVES

During the Financial Year 2024-25, no amount has been transferred to General Reserve.

4. PERFORMANCE AND STATE OF COMPANY AFFAIRS

During the year, total revenue from operations was Rs.27, 022.23 Lakhs an increase of 22.21% as
compared to total revenue from operations of Rs. 22,111.36 Lakhs in the previous year.

The operating profit stood at Rs. 25.60 crore as against Rs. 3.71 crore mainly driven by increase in
realisation and higher operational efficiency on account of savings in power cost.

At Lords Chloro, we recognize the importance of investing in our future to drive long-term growth
and sustainability. During FY2025, we did a capital expenditure to increase our production capacity
of caustic soda, Chlorinated Paraffin Wax (CPW) and also added a 16 MW solar power plant to
enhancing our operational efficiency.

5. OVERALL MARKET SCENARIO

The global caustic soda market in Fiscal Year 2024-2025 has demonstrated a resilient growth
trajectory, propelled by consistent demand across key industrial sectors. Valued at approximately
USD 47.4 billion in 2024 and projected to reach around USD 48 billion in 2025, the market continues
to expand steadily. This growth is predominantly driven by the robust requirements of the alumina
industry for aluminium production, especially in the automotive and aerospace sectors, alongside
persistent needs from the pulp and paper industry for various processing applications. The escalating
global emphasis on water and wastewater treatment, where caustic soda plays a critical role in pH
adjustment and purification, is also emerging as a significant growth catalyst. Asia-Pacific,
particularly China and India, maintained its dominance as the largest and fastest-growing market,
benefiting from rapid industrialization and urban infrastructure development. While overall supply
remained stable, bolstered by continuous adoption of efficient membrane cell technology and
strategic capacity expansions by major players, localized supply disruptions and the co-production
dynamics with chlorine influenced regional price fluctuations. Despite these variations, the market
generally saw stable prices, with trends influenced by energy costs, logistical efficiencies, and the
health of downstream industries.

6. FUTURE OUTLOOK

The future outlook for the global caustic soda market beyond FY2025 remains positive and
characterized by continued growth, driven by fundamental industrial demand and emerging
applications, alongside an increasing emphasis on sustainability. The global caustic soda market is
projected to reach approximately USD 71.0 billion by 2033, growing at a CAGR of around 4.7% from
2025 to 2033. This signifies a steady and sustained upward trend. Global demand is forecast to climb
to 116.30 million tons by 2030 from 94.95 million tons in 2025, reflecting a CAGR of 4.14% over this
period. The increasing global demand for lightweight aluminum in sectors like automotive,
aerospace, and construction will continue to fuel the need for caustic soda in the Bayer process.
Continued demand for high-quality fabrics and the use of caustic soda in processes like
mercerization, scouring, and dyeing will support market growth, especially in emerging economies.

In essence, the future of the global caustic soda market is one of stable and consistent expansion,
deeply intertwined with the growth of foundational industries. The shift towards sustainable
production methods and the increasing importance of water treatment will be key themes, ensuring
caustic soda's continued indispensability in the global economy.

During FY25, the Company successfully completed key strategic expansion projects, marking a
significant milestone in its growth journey. The caustic soda capacity was enhanced by 90 tonnes per
day (TPD), taking the total installed capacity to 300 TPD. Additionally, the Company expanded its
chlorinated paraffin wax (CPW) capacity from 20 TPD to 50 TPD and operationalized a 16 MW solar
power plant at its facility. These projects were funded through a balanced mix of internal accruals
and debt, reinforcing our commitment to sustainable and efficient growth.

With these capacities now fully operational, the focus in the near term will be on optimizing plant
utilization, improving operating efficiencies, and deepening downstream chlorine integration. The
Company is actively exploring avenues to strengthen its product mix by targeting both existing and
new chlorine-based derivatives to enhance value addition and drive future growth.

Global demand for caustic soda remains robust, underpinned by supply-side constraints and rising
energy costs. While current global capacities are expected to meet demand until 2026, forecasts
indicate a potential supply-demand mismatch from 2026-2027 onwards if new capacities are not
commissioned, particularly outside India. Lords Chloro Alkali is well-positioned to capitalize on this
emerging opportunity with its enhanced capacities and integrated operations.

7. DIRECTORS AND KEY MANAGERIAL PERSONNEL

Pursuant to the provisions under Section 152 of the Companies Act, 2013 read with the Companies
(Appointment and Qualification of Directors) Rules, 2014 and the Articles of Association of Company,
Ms. Sristhi Dhir, Non-Executive Director, is liable to retire by rotation at the ensuing Annual General
Meeting (AGM) and she has offered herself for re-appointment.

Mr. Hitesh Kumar, Company Secretary and Compliance Officer of the Company has resigned from
the Company with effect from 01^st February, 2025.

On the recommendation of Nomination & Remuneration Committee, the Board of Directors has
appointed Mr. Pankaj Mishra, as Company Secretary and Compliance Officer of the Company with
effect from 29^th May, 2025

KEY MANAGERIAL PERSONNEL

The details of the Key Managerial personnel are as under:

*Shri Pankaj Mishra has been appointed as Company Secretary and Compliance Officer of the
Company with effect from 29.05.2025.

8. DECLARATION BY AN INDEPENDENT DIRECTOR(S)

The Company has received the declaration from all Independent Directors of the Company
confirming that they meet the criteria of Independence as prescribed under Section 149(6) of the
Companies Act, 2013 and under SEBI (Listing obligations and Disclosure Requirements) Regulations,
2015.

The Board took on record the declaration and confirmation submitted by the Independent Directors
regarding meeting the prescribed criteria of independence, after undertaking due assessment of the
veracity of the same in terms of the requirements of regulation 25 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015.

The Independent Directors have also confirmed that they have registered their names in the
Independent Directors Databank. Further, the Board members are satisfied with regard to integrity,
expertise and experience (including the proficiency) of the Independent Directors of the Company.

9. BOARD EVALUATION

Pursuant to the provisions of the Companies Act, 2013 and SEBI (Listing obligations and Disclosure
Requirements) Regulations, 2015, the Board of Directors of the Company in their meeting held on
29^th May, 2025 had carried out the annual evaluation of their own performance, the Individual
Directors (Including the Independent and Non-Independent Directors) as well as of their
committees. The evaluation was carried out based on parameters such as level of engagement and
contribution, independence of judgement, safeguarding the interest of the Company and all
stakeholders etc.

The Independent Non-Executive Directors of the Company met separately without the presence of
the Non-Independent Directors and inter-alia reviewed the performance of the members of
management, Non-Independent Directors and the Board as a whole. Further, the performance of
the Chairperson of the Company and the Committees were also reviewed in the meeting. The
performance review conducted took into consideration the views of the Executive and Non¬
Executive Directors.

The Policy on performance evaluation of Independent Directors, Board of Directors, Committees and
other individual Directors covered the role, rights, responsibilities of Independent Director and
related matters are put up on the website of the Company at the link
https://www.lordschloro.com/policies/ .

The following policies of the Company are attached herewith marked as Annexure A and B.

a) Policy for selection of Directors and determining Directors independence; and

b) Remuneration Policy for Directors, Key Managerial Personnel and other employees.

10. STATEMENT REGARDING OPINION OF THE BOARD WITH REGARD TO INTEGRITY, EXPERTISE &
EXPERIENCE (INCLUDING THE PROFICIENCY) OF THE INDEPENDENT DIRECTORS APPOINTED
DURING THE YEAR

Pursuant to Rule 8(5) of the Companies (Accounts) Rules, 2015, statement regarding opinion of the
Board with regard to integrity, expertise and experience (including the proficiency) of the
independent directors is given below:

The Company has received necessary declarations from each Independent Director of the Company
under Section 149 (7) of the Companies Act, 2013, confirming that they meet the criteria of
independence as laid down in Section 149 (6) of the Companies Act, 2013 and that of Listing
Regulations.

The Independent Directors have also confirmed that they have registered their names in the
Independent Directors Databank. Further, the Board members are satisfied with regard to integrity,
expertise and experience (including the proficiency) of the Independent Directors of the Company.

The details of programmes for familiarization of Independent Directors with the Company, their
roles, rights, responsibilities in the Company, nature of the industry in which the Company operates,
business model of the Company and related matters are put up on the website of the Company at
the link https://www.lordschloro.com/policies/.

11. NOMINATION AND REMUNERATION POLICY

The Board of Directors have constituted Nomination and Remuneration Committee pursuant to
Section 178 of the Companies Act, 2013 and regulation 19 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 comprising Mr. Sandeep Singh (Chairperson), Ms. Shubha Singh
and Ms. Srishti Dhir as members of the Committee. The Board of Directors has formulated a policy
which lays down a framework in relation to remuneration of Directors, Key Managerial Personnel
and Senior Management of the Company. The Policy also lays down the criteria for selection and
appointment of Board Members. The details of the Policy forms a part of this report as Annexure - A
and the Details / Disclosures of Ratio of Remuneration to each Director to the median employee's
remuneration is given in point no 27 of this report. The Nomination and Remuneration Policy is
available on our website at the https://www.lordschloro.com/wp-
content/uploads/2024/10/nomination-and-remuneration-policy.pdf.

12. SUCCESSION PLANNING

The Nomination and Remuneration Committee works with the Board on the leadership succession
plan to ensure orderly succession in appointments to the Board and to senior management
positions.

13. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS U/S 186

Pursuant to Section 185, 186 of the Act read with the Companies (Meetings of the Board and its
Powers) Rules, 2014, disclosures relating to loans, guarantees and investments as on 31st March
2025 are given in the Notes to the Financial Statements.

14. MATERIAL CHANGES AND COMMITMENTS, IF ANY:

There were no material changes and commitments during the period from end of Financial Year
under review till the date of this Report which may be affecting the financial position of the
Company.

15. 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

The Company has not received any significant/material orders from the statutory regulatory
bodies/courts/tribunals which affect the operations/status of the Company.

16. COST RECORDS

The Cost accounts and records as required to be maintained under Section 148 (1) of Act are duly
made and maintained by the Company.

17. COST AUDITORS

The provisions of section 148 of the Companies Act, 2013, read with Rules 4 & 5 of the Companies
(Cost Audit and Record) Rules, 2014, for maintenance of Cost Records, Cost Audit are applicable to
the Company for the financial year 2025-26.

The Board of Directors of your Company at its meeting held on 21^st July, 2025, on the
recommendation of Audit Committee, has approved the appointment of M/s Goyal, Goyal &

Associates, Cost Accountants as Cost Auditor of your Company to conduct the audit of cost records
for the Financial Year 2025-26.

The remuneration proposed to be paid to the Cost Auditor subject to your ratification at the 46^th
AGM will be Rs. 75,000/- (Rupees Seventy Five Thousand only) for the Financial Year 2025-26.

18. STATUTORY AUDITORS

At the 42^nd AGM of your Company, the members had approved the appointment of M/s Nemani
Garg Agarwal & Co, Chartered Accountants (FRN-010192N) as Statutory Auditors of the Company, to
hold office till the conclusion of 47^thAGM.

19. AUDITOR'S REPORT

Further, Statutory Auditor of the Company has submitted Auditor's Report on the Accounts of the

st

Company for the financial year ended on 31 March 2025. The Notes on financial statement

referred to in the Auditors' Report are self-explanatory and do not call for any further comments.
The Auditors' Report does not contain any observation, qualification, reservation or adverse remark.

20. SECRETARIAL AUDITOR

Pursuant to the provisions of section 204 of the Companies Act, 2013 and rules made thereunder,
the Board of Directors of the Company had appointed M/s SSPK & Co., Practicing Company
Secretary, as Secretarial Auditors to conduct Secretarial Audit of the Company for the financial year
2024-25.

Further, pursuant to amendment in regulation 24A of SEBI (LODR) Regulations, 2015 the Board of
Directors of the Company in its meeting held on 21^st July, 2025 has appointed M/s SSPK & Co.,
Practicing Company Secretary, as Secretarial Auditors to conduct Secretarial Audit of the Company
for a term of up to 5(Five) consecutive years, to hold office from the conclusion of this Annual
General Meeting ('AGM') till the conclusion of 51st AGM of the Company to be held in the Year
2030.

21. SECRETARIAL AUDITORS' OBSERVATIONS

The Secretarial Auditors of the Company have submitted their Report in the Form No. MR-3 as
required under Section 204 of the Companies Act, 2013 for the financial year ended 31st March
2025 which is annexed herewith as Annexure-C to this Report.

Further, Secretarial Auditor of the Company has submitted Secretarial Auditor's Report of the
Company for the financial year ended on 31^st March 2025. The Auditor's report is self-explanatory
and requires no comments.

22. DETAILS IN RESPECT OF FRAUD REPORTED BY AUDITORS UNDER SECTION 143(12)

During the year under review, neither the statutory auditors nor the secretarial auditor has reported
to the audit committee, under Section 143 (12) of the Companies Act, 2013, any instances of fraud
committed against the Company by its officers or employees, the details of which would need to be
mentioned in the Board's report.

23. CHANGE IN NATURE OF BUSINESS

There is no change in the nature of business of the Company.

24. SAFETY, ENVIRONMENT PROTECTION & POLLUTION CONTROL

Adopting sustainable production practices at all levels of the organization is the need of the hour. At
Lords Chloro Alkali Ltd., we are committed to continual improvement through sustainable initiatives
focused on reducing greenhouse gas emissions, minimizing energy consumption, and promoting
water conservation.

At Lords Chloro Alkali Ltd., we are unwavering in our commitment to enhancing safety across all
levels of the organization and in the surrounding communities. In collaboration with national
organizations such as AMAI, we have extended our efforts to train public sector organizations in the
NCR region, promoting best practices beyond our own operations.

Sustainability, Safety, and Environmental Stewardship Initiatives at Lords Chloro Alkali Ltd.

• Advanced Emission Control: To improve air quality and reduce emissions, DG sets have been
replaced with sets compliant with CPCB IV norms. These generators offer significantly lower

emissions of particulate matter (PM) and nitrogen oxides (NOx), along with enhanced fuel
efficiency and superior load-handling capabilities.

• Clean Fuel Integration: All boilers in the plant now operate exclusively on clean fuels such as
hydrogen and LPG. The use of all conventional and polluting fuels has been entirely phased out,
marking a significant shift toward sustainable operations.

• Emergency Preparedness: Demonstrating our commitment to safety and readiness, an offsite
emergency mock drill was successfully conducted in collaboration with the National Disaster
Response Force (NDRF) and the Alwar District Crisis Group.

• Recognition for Safety Excellence: Our continued focus on industrial safety has been recognized
with the prestigious Rajasthan State Factory Safety Award 2024, conferred by the Factories &
Boilers Inspection Department, Government of Rajasthan.

• On-site Chlorine Utilization: A Chlorinated Paraffin Wax plant has been commissioned to utilize
toxic chlorine gas within the premises, thereby eliminating the need for hazardous tonner filling
and off-site transportation, and significantly reducing associated risks.

Lords Chloro Alkali Ltd. Advances Sustainability with 16 MW Solar Power Plant in Rajasthan

• Lords Chloro Alkali Ltd. (LCAL) has taken a significant step toward sustainability by
commissioning a 16 MW solar power plant in Bikaner, Rajasthan, which began operations in
October 2024. The plant supports LCAL's broader goal of transitioning to clean energy and
reducing its carbon footprint. Environmentally, it contributes to an estimated annual reduction
of 17,200 tons of CO₂ emissions—comparable to planting around 8,47,500 trees each year.

This solar initiative forms a core part of LCAL's ongoing strategy to adopt green technologies and
improve overall energy efficiency.

25. ENERGY CONSERVATION, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNING AND
OUTGOING.

In compliance with provisions of clause (m) of sub-section (3) of Section 134 of the Companies Act,

2013, read with the Companies (Accounts) Rules, 2014 the statements giving the required

information relating to energy conservation, technology absorption, foreign exchange earnings and

outgoings is annexed herewith as Annexure D.

26. CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES

All contracts/arrangements/transactions entered by the Company during the financial year with
related parties were in the ordinary course of business and on an arm's length basis.

During the year, all related party transactions were placed before the Audit Committee and Board of
Directors for approval.

The particulars of contracts or arrangements with related parties referred to in Section 188(1) of the
Companies Act 2013 read with rule 8(2) of the Companies (Accounts) Rules, 2014 in the prescribed
Form AOC - 2 is annexed as Annexure E to this Report.

The Policy on materiality of related party transactions and dealing with related party transactions as
approved by the Board may be accessed on the Company's website at the link:
https://www.lordschloro.com/policies.

Details of transactions, contracts and arrangements entered into with related parties by the
Company, during Financial Year 2024-25, is given under Notes to Accounts annexed to Financial
Statements, which forms part of this Annual Report.

27. PARTICULARS OF EMPLOYEES & RELATED DISCLOSURES

The information required under Section 197 of the Act read with rule 5(1) of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 are given below:

a) The ratio of the remuneration of each Director to the median remuneration of the
employees of the Company for the financial year:

b) The percentage increase in remuneration of each Director, Chief Financial Officer,
Company Secretary in the financial year:

* Shri. Hitesh Kumar (Company Secretary) joined the company in the current FY. So
therefore, the percentage increase cannot be ascertained.

c) The percentage increase in the median remuneration of employees in the financial
year:

The percentage increase in the median remuneration of employees in the financial year was

15.14%.

d) The number of permanent employees on the rolls of company;

The number of permanent employees on the rolls of the company at the end of financial year

were 201.

e) Average percentile increase already made in the salaries of employees other than the
managerial personnel in the last financial year and its comparison with the percentile
increase in the managerial remuneration and justification thereof and point out if there
are any exceptional circumstances for increase in the managerial remuneration;

Average percentile increase in the salaries of employees other than the managerial personnel is
3.71%. Average percentile increase in the salaries of managerial personnel is 14.66%.

f) Affirmation that the remuneration is as per the remuneration policy of the Company:

The Company affirms that the remuneration is as per the remuneration policy of the Company.

None of the Employees drew the salary more than the prescribed limit i.e. ^ 1.02 Crores in a year for
the financial year 2024-25 as per the provisions of Section 197 (12) of the Companies Act, 2013 read
with Rules 5(2) & 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel)
Rules, 2014 except Managing Director and Whole Time Director, who is employed throughout the
financial year, who were in receipt of remuneration of Rs. 1.33 crores (One crore and thirty three
lakh) and Rs. 1.32 crores (One crore and thirty two lakh).

None of the Employees drew the salary more than the prescribed limit i.e. ^ 8.50 Lakhs in a month
during the financial year 2024-25 as per the provisions of Section 197 (12) of the Companies Act,
2013 read with Rules 5(2) & 5(3) of the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014.

Any member interested in obtaining the information of top-10 employee of the Company may write
to the Company Secretary at the registered office or the corporate office of the Company.

28. COMPANY'S POLICY ON DIRECTORS' APPOINTMENT AND REMUNERATION

The criteria for Directors' appointment have been set up by the Nomination, Remuneration and
Compensation Committee (NRCC), which, inter-alia, includes criteria for determining qualifications,
positive attributes, independence of a Director, basis/criteria of remuneration to Directors/KMPs
and other matters provided under Section 178 of the Companies Act, 2013 ('the Act') and the SEBI
Listing Regulations 2015. The Company has a Remuneration Policy in place which deals in the
remuneration of the Directors, Key Managerial Personnel (KMPs), Senior Management Personnel
(SMPs) and other employees of the Company. The said remuneration policy is available on the
Company's website at the following web link:

https://www.lordschloro.com/wp-content/uploads/2024/10/nomination-and-remuneration-

policy.pdf

29. ANNUAL RETURN

The Annual Return of the Company can be accessed on the website of the Company at following link:
https://www.lordschloro.com.

30. SECRETARIAL STANDARDS

The Directors state that applicable secretarial standards have been duly followed by the Company.

31. THE DETAIL OF APPLICATION MADE /PROCEEDING PENDING UNDER THE INSOLVENCY AND

BANKRUPTCY CODE, 2016

During the year under review the Company has not made any application during the year and no
proceeding is pending under Insolvency & Bankruptcy Code, 2016 (IBC) as at March 31, 2025.

32. THE DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF
ONE-TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR
FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF

During the year under review, there has been no one-time settlement. Since there is no, One-Time
Settlement, therefore there is no 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.

33. PUBLIC DEPOSITS

During the year under review, your Company has not accepted any deposit within the meaning of
Sections 73 and 74 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits)
Rules, 2014 (including any statutory modification(s) or re-enactment(s) for the time being in force).

34. CORPORATE GOVERNANCE REPORT

Pursuant to Regulation 34 read with Schedule V of SEBI (Listing obligations and Disclosure
Requirements) Regulations, 2015, a Report on Corporate Governance and a Certificate from the
Practicing Company Secretary confirming the compliance with conditions of corporate governance
are appended herewith as Annexure F.

A certificate from Managing Director and Chief Financial Officer of the Company in terms of SEBI
(Listing obligations and Disclosure Requirements) Regulations, 2015, inter-alia confirming the
correctness of financial statements and cash flow statements, adequacy of internal control measures
and reporting of matters was placed before the Audit Committee and Board.

35. MANAGEMENT DISCUSSION AND ANALYSIS

Management discussion and Analysis Report for the year under review, as stipulated under
Regulation 34 of the Listing Agreement, 2015 is annexed herewith Annexure G to this Report.

36. RISK MANAGEMENT

The Company has constituted a Risk Management Committee which ensures that the Company has
an appropriate and effective Enterprise Risk Management system with appropriate policies and
processes which carries out risk assessment and ensures that risk mitigation plans are in place by
validating the same at regular intervals.

Brief details about the Risk Management are provided in the Corporate Governance Report.

37. CORPORATE SOCIAL RESPONSIBILITY

The Board of Directors of the Company have constituted Corporate Social Responsibility (CSR)
committee pursuant to Section 135 of Companies Act, 2013, Schedule VII and SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 and relevant rules and provisions
comprising Mr. Ajay Virmani (Chairperson), Mr. Madhav Dhir and Ms. Sakshi Vashisth as members of
the Committee. The said Committee has been entrusted with the responsibility of formulating and
recommending to the Board, a CSR Policy indicating the activities to be undertaken by the Company,
monitoring the implementation of the framework of the CSR Policy and recommending the amount
to be spent on CSR activities.

The Corporate Social Responsibility Policy, as framed by the Members of Corporate Social
Responsibility Committee, is available on Company's website https://www.lordschloro.com/policies.

An annual report of CSR activity has been disclosed with this report as Annexure H.

38. MEETINGS OF THE BOARD

Eight (8) meetings of the Board of Directors were held during the year. For further details, please
refer section of Report on Corporate Governance of this Annual Report.

39. VIGIL MECHANISM/ WHISTLE BLOWER POLICY

The Company established a vigil mechanism for directors and employees to report concerns about
unethical behaviour, actual or suspected fraud or violation of the company's Code of Conduct or
ethics policy.

This mechanism provides adequate safeguards against victimization of director(s)/ employee(s) and
also provide for direct access to the Chairman of the Audit Committee in exceptional cases.

The details of establishment of such mechanism disclosed at the website of the company
https://www.lordschloro.com/policies.

40. DETAILS ON INTERNAL FINANCIAL CONTROLS RELATED TO FINANCIAL STATEMENTS

Your Company has put in place adequate internal financial controls with reference to the financial
statements, some of which are outlined below.

Your Company has adopted accounting policies which are in line with the Accounting Standards
prescribed in the Companies (Accounting Standards) Rules, 2006 that continue to apply under
Section 133 and other applicable provisions, if any, of the Companies Act, 2013 read with Rule 7 of
the Companies (Accounts) Rules, 2014 to the extent applicable. These are in accordance with
generally accepted accounting principles in India.

The Management periodically reviews the financial performance of your Company against the
approved plans across various parameters and takes necessary action, wherever necessary.

41. SEXUAL HARASSMENT OF WOMEN AT WORKPLACE

The Board of Directors of the Company have constituted Internal Complaint Committee who will
hear and redress the complaint made in writing by any aggrieved woman of sexual harassment at
workplace as per the "Sexual Harassment of Woman At Workplace (Prevention, Prohibition and
Redressal) Act, 2013". The Policy is also available on our website at the link,
https://www.lordschloro.com/policies.

Your Directors further state that during the year under review, there were no cases filed pursuant to
the Sexual Harassment of Woman at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

42. AUDIT COMMITTEE

The Audit Committee as on 31st March, 2025 comprises Mr. Sandeep Singh (Chairperson), Mr. Ajay

Virmani (Member) and Mr. Amia Kumar Singh (Member). All the recommendations made by the

Audit Committee were accepted by the Board.

43. DIRECTORS' RESPONSIBILITY STATEMENT

Your Directors state that:

a) in the preparation of the annual accounts for the year ended on March 31, 2025, the
applicable Indian Accounting Standards read with requirements set out under Schedule III to
the Act, have been followed and there are no material departures from the same;

b) 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 as at the financial year ended on 31^st March,
2025 and of the loss incurred by the Company for the year ended on that date;

c) the Directors have taken 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;

d) the Directors have prepared the annual accounts on a 'going concern' basis;

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

f) The Directors have devised proper systems to ensure compliance with the provisions of all
applicable laws and that such systems are adequate and operating.

44. INDUSTRIAL RELATIONS

The relations between the Company and its employees continued to be cordial and harmonious
throughout the year under review.

45. STATUS OF LISTING FEES

The Company equity shares are listed on National Stock Exchange of India Limited and BSE Ltd. Your
Company has been regularly paying listing fees to the BSE Limited & National Stock Exchange of
India Limited, Mumbai.

46. CHANGE IN CAPITAL STRUCTURE

The Company has issued and allotted 35,00,000 (Thirty Five Lakh) Warrants, convertible into or
exchangeable for 1 (one) fully paid-up equity share of the Company of face value of Rs. 10/- (Rupees
Ten) each ("Warrants") to Promoters and Other Entities belonging to Non-Promoter Category at a
premium of Rs. 112/- per Equity Shares aggregate at a price of Rs. 122/- (Rupees One Hundred and
Twenty-Two only) per warrant, which may be exercised in one or more tranches during the period
commencing from the date of allotment of the Warrants i.e. 12.08.2024 until expiry of 18 (Eighteen)
months i.e. 11.02.2026, to the allottees of Warrants. The above issue of Warrants has been
approved by the Board of Directors in its Meeting held on 17.06.2024 and by the Members of the
Company in its Meeting held on 12.07.2024. The 35,00,000 Warrants has been allotted to the
respective allottees by the Board of Directors in its Meeting held on 12.08.2024.

47. Maternity Benefit Act.

During the period under review the Company has complied with the provisions of Maternity Benefit
Acts

48. NUMBER OF EMPLOYEES AS ON THE CLOSURE OF FINANCIAL YEAR

Detail of number of employee during the year under review is given below:

49. OTHER DISCLOSURES

1. Company does not have any subsidiary, Joint Venture and Associates

2. During the year company has not issued any equity shares and differential rights as to
dividend, voting or otherwise.

3. During the year company has not Issued Shares (including sweat equity shares) to employees
of the Company under any scheme.

4. During the year, no unclaimed dividend was required to be transferred in the Investor
Education & Protection Fund of IEPF Authority as no unpaid dividend is lying with the Company.

5. The details of Credit Rating are disclosed in the Corporate Governance Report, which forms
part of this Annual Report.

6. During the year under review and until the date of the Report, none of the securities of your
company were suspended from trading

7. Amount raised through Preferential Issue was fully utilized in the object mentioned in the
notice of General Meeting and there is no deviation/variation in the issue of proceeds.

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

50. ACKNOWLEDGEMENT

Your Directors wish to convey their deep appreciation to all the company's employees/workers for
their dedication and hard work as well as their collective contribution to the Company's
performance.

The Directors would also like to thank to the Members, Customers, Dealers, Suppliers, Bankers,
Financial Institutions, Government Authorities and all other business associates for continued
support given by them to the Company and their confidence in its management.

For and on behalf of the Board of Directors
Lords Chloro Alkali Limited

Sd/- Sd/-

Place : New Delhi Ajay Virmani Madhav Dhir

Date:21.07.2025 Managing Director Whole Time Director

DIN:00758726 DIN: 07227587