Your Directors have pleasure in presenting the 21st Annual Report of your company along with the Audited
Financial Statements for the Financial Year ended on 31st March, 2026. Further, in compliance with the
Companies Act, 2013 the company has made all requisite disclosures in the Board’s Report with the objective of
accountability and transparency in its operations and to make you aware about its performance and future
perspective.

1. FINANCIAL SUMMARY OR HIGHLIGHTS/PERFORMANCE OF THE COMPANY:

The Board’s Report shall be prepared based on the stand-alone financial statements of the company.

NOTE:

i) The financial results of the Company have been prepared in accordance with the Indian Accounting
Standards as prescribed under section 133 of the Companies Act, 2013 read with Companies (Indian
Accounting Standard) Rules, 2015, as amended.

ii) The figures for the previous year have been re-arranged wherever necessary to conform to the current year's
classification.

2. OPERATIONAL REVIEW:

Net revenues decreased to Rs.10,084.53 Lakhs from Rs. 13,199.51Lakhs in the previous year registering a
decrease of 23.60%. The net profit of the Company for the year under review was at 17.83 lakhs as against
370.56 lakhs in the previous year recording a decrease of 95.19% and decrease in their operational
performance due to numerous challenges including Government Policies, Raw Material Price Volatility, War
in Gulf, war between Ukrine and Russia, Supply Chain Disruptions, entry of new players, and variation in
margins etc..

3. OUTLOOK AND AFFAIRS OF THE COMPANY:

Business prospects remain positive because of the growing global demand for steel doors, steel windows,
green chalk boards, dual desks and purified drinking water systems etc. Your Company is expected to
register decent growth from FY-2026-2027 onwards.

Your Company is in the business of manufacturing steel doors, Steel windows (steel-frame), Dual desks,
green chalk boards and purified drinking water systems and we cater to customers across various segments
and industries. We currently have our facilities spread across 2 manufacturing units in addition to one
assembling unit and stock yard, with an area admeasuring 27,153 square yards on the outskirts of
Hyderabad.

The management of the Company is making its sincere efforts to increase the volume of business in their best
efficient manner.

4. AMOUNT TRANSFERRED TO GENERAL RESERVES:

No amount has been transferred to the General Reserve for the financial year ended 31st March 2026.

5. DIVIDEND:

In view of the financial position of the Company and considering the requirements of funds for business
operations, growth initiatives and future capital expenditure plans, your Directors have decided not to
recommend any dividend for the financial year 2025-26.

The Board believes that retention of profits will strengthen the financial position of the Company and provide
adequate resources for pursuing its strategic objectives and long-term growth opportunities. Accordingly, no
amount is proposed to be transferred towards dividend for the year.

6. CHANGE IN THE NATURE OF BUSINESS OR MATERIAL CHANGES DURING THE YEAR:

There are no material changes in the nature of business during the year. There are no material changes
during the year 2025-26.

7. CHANGE IN ACCOUNTING TREATMENT OR CHANGE IN ACCOUNTING POLICIES :

There is no change in accounting treatment or in accounting policies in the year as compared to previous
Financial Year.

In accordance with the notification issued by the Ministry of Corporate Affairs, the Company has adopted
Indian Accounting Standards (referred to as “Ind AS”) notified under the Companies (Indian Accounting
Standards) Rules, 2015. The Company has adopted IndAS. The financial statements have been prepared in
accordance with IndAS as notified under the Companies (Indian Accounting Standards) Rules, 2015 read
with Section 133 of the Companies Act, 2013 (the “Act”).

However euring the year, the Company migrated from its existing Tally Accounting and ERP systems to SAP
ERP. The implementation of SAP ERP has strengthened the Company's enterprise-wide systems and
processes covering key functional areas such as Finance & Accounts, Sales, Purchases, Production and
Inventory Management. The new system is expected to improve operational efficiency, internal controls and
overall business effectiveness.

8. MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE
COMPANY WHICH HAVE OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR OF THE
COMPANY TO WHICH THE FINANCIAL STATEMENTS RELATE AND THE DATE OF THIS REPORT:

There are no material changes and commitments affecting the financial position of the Company that have
occurred between the end of the financial year of the Company to which the financial statements relate and
the date of the Report.

9. DEPOSITS:

The Company has neither accepted nor renewed any deposits falling within the purview of Section 73 of the
Companies Act, 2013 read with Companies (Acceptance of Deposits) Rules, 2014 as amended from time to
time, during the year under review and therefore details mentioned in Rule 8(5) (v) & (vi) of Companies
(Accounts) Rules, 2014 relating to deposits, covered under Chapter V of the Act is not required to be given.

10. SHARE CAPITAL:

The paid up equity share capital as on March 31,2026 stood at 12,92,10,000/- comprising of 1,29,21,000
equity shares of Rs.10/- each fully paid shares.

Your Company has not issued any equity shares, equity shares with differential rights, Sweat equity shares,
Employees’ Stock Options or convertible instruments and did not purchase its own shares. Hence there is no
information to be provided as required under Rule 4 (4), Rule 8 (13), Rule 12 (9) and Rule 16 (4) of the
Companies (Share Capital and Debentures) Rules, 2014 and Section 62 of the Companies Act 2013,
respectively.

11. DETAILS OF SUBSIDIARY /JOINT VENTURE /ASSOCIATE COMPANIES:

As on 31st March, 2026, the Company does not have any subsidiary, joint venture or associates.

12. DIRECTORS AND KEY MANAGERIAL PERSONNEL:

The Board received a declaration from all the directors under section 164 and other applicable provisions, if
any, of the Companies Act, 2013 that none of the directors of the Company are disqualified under the
provisions of the Companies Act, 2013 (‘Act’) or under the Listing Regulations.

During the financial year 2025-26 the following changes in the Board of Directors and KMPs were affected:
Resignation of Company Secretary & Compliance Officer

During the year Mr. P. Kodanda Rami Reddy, Company Secretary & Compliance Officer has resigned from
the position of Company Secretary, Compliance Officer & KMP of the Company with effect from 04.06.2025

The Board placed on record its sincere appreciation and thanks to Mr.P. Kodanda Rami Reddy, Company
Secretary & Compliance Officer for his support and guidance provided from time to time during his tenure as
Company Secretary, Compliance Officer & KMP of the Company.

Appointment of Company Secretary, Compliance Officer & KMP

During the year Mr. Garikapati Shyam Krishna, a Fellow member of ICSI) having membership No. FCS:
12805 as Company Secretary , Compliance Officer & KMP of the Company with effect from 05.06.2025.

Key Managerial Personnel

As per the provisions of Section 2(51) and Section 203 of the Companies Act, 2013; the present whole time
Key Managerial personnel (KMP) of the Company are as follows:

Mr. Suresh Mohan Reddy Chedepudi - Managing Director

Ms. Ahlada Chedepudi - Whole Time Director & CFO

Mr. G.Shyam Krishna - Company Secretary &

Compliance Officer

Director Retiring by Rotation

Pursuant to Section 152 of the Companies Act, 2013 and in accordance with the Article of Association of the
Company Mr. Akarsh Reddy Chedepudi , Whole Time Director of the Company retires by rotation at the
ensuing Annual General Meeting and being eligible offers himself for re-appointment. The Board of Directors
recommends his re-appointment.

Brief profile of Director, being re-appointed at the ensuing Annual General Meeting is annexed to the Notice.
Re-Appointment of Whole Time Director

The tenure of Ms. Ahlada Chedepudi (DIN: 09406784), Whole-Time Director of the Company, expires on
12th November, 2026. Based on the recommendation of the Nomination and Remuneration Committee and
Audit Committee and considering her experience, expertise and continued valuable contribution to the
Company, the Board of Directors has approved, subject to the approval of the Members, the re-appointment
of Ms. Ahlada Chedepudi as Whole-Time Director for a period of three years with effect from 13th November,
2026 till 12th November, 2029.

The Board believes that her continued association would be beneficial to the Company and accordingly
recommends the resolution for approval by the Members at the ensuing Annual General Meeting.

The requisite disclosures as required under the Companies Act, 2013 and SEBI (LODR) Regulations, 2015
are provided in the Notice convening the ensuing Annual General Meeting.

13. LISTING OF SHARES:

The Company’s shares are listed on National Stock Exchange of India Limited (NSE) with ISIN:
INE00PV01013 and symbol is: AHLADA.

14. FAMILIARIZATION PROGRAM FOR INDEPENDENT DIRECTORS:

The Company has adopted a familiarization program prepared in the line of Regulation 25(7) of the Securities
and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for
Independent Directors to familiarize them with the Company’s philosophy, vision, mission, strategies,
operations and functions. The details of the familiarization program are available on the Company’s website
at https://ahlada.com .

15. DECLARATION BY INDEPENDENT DIRECTORS:

Your Company has received necessary declaration from each independent director under Section 149 of the
Companies Act, 2013, confirming that he/she meets the criteria of independence laid down in Section 149 of
the Companies Act, 2013 and Regulation 25 of SEBI (Listing Obligations & Disclosure Requirements)
Regulations, 2015.

The Board is of the opinion that all the Independent Directors of the Company are person’s of integrity and
possess relevant expertise and experience (including the proficiency) to act as Independent Directors of the
Company. The Independent Directors of the Company have confirmed that they have registered with the
Indian Institute of Corporate Affairs and have included their name in the databank of Independent Directors
within the statutory timeline as required under Rule 6 of the Companies (Appointment and Qualification of
Directors) Rules, 2014.

16. AUDITORS :

Statutory Auditors:

The Shareholders of the Company had appointed M/s. Kishore & Venkat Associates, (FRN:001807),
Chartered Accountants, Sanjeeva Reddy Nagar, Hyderabad as Statutory Auditors of the Company for the
further period of 5 years commencing from the Financial Year 2021-22 to 2025-26 in its Annual General
Meeting held on 30th September, 2021.

The Audit Report issued by the Statutory Auditors for the financial year ended 31st March, 2026 forms part of
the Annual Report. There are no qualifications, or adverse remarks made by the Statutory Auditors which
requires explanation or comments from the Board.

However it contains an Emphasis Matter with regard to the advances given by the Company to Suppliers.
Management Response to the Emphasis of Matter

The Statutory Auditors have included an Emphasis of Matter paragraph in their Audit Report drawing
attention to Note No. 7B(iv) relating to advances aggregating to ?6,301.92 lakh, including ?5,995.33 lakh
pertaining to three major customers.

The Board wishes to clarify that these advances have been made in the ordinary course of business against
contractual and commercial arrangements. Based on the Management's assessment of the recover ability of
the advances, contractual rights, subsequent developments and other relevant factors, the Board is of the
considered opinion that the said advances are fully recoverable and, accordingly, no provision for impairment
is considered necessary. The auditors' opinion on the financial statements remains unmodified.

M/s. Kishore & Venkat Associates, (FRN:001807), Chartered Accountants , Statutory Auditors of the
Company, shall complete their second term of five consecutive years and consequently cease to hold office
as Statutory Auditors of the Company upon conclusion of the ensuing Annual General Meeting, in
accordance with the provisions of Section 139 of the Companies Act, 2013 relating to mandatory rotation of
auditors applicable to listed companies.

The Board of Directors places on record its appreciation for the professional services rendered and valuable
guidance provided by the Auditors during their tenure.

Based on the recommendation of the Audit Committee, the Board has recommended the appointment of M/s.
M M Reddy & Co, Chartered Accountants , Hyderabad (Firm Registration No. 010371S ) having Peer
Reviewed vide Certificate No.020143 dated 01-04-2025 valid till 31-03-2028, as Statutory Auditors of the
Company for a period of five consecutive financial years commencing from the conclusion of the ensuing
Annual General Meeting till the conclusion of the Annual General Meeting to be held for the financial year
2030-2031, subject to approval of the Members.

The proposed Auditors have furnished their consent to act as Statutory Auditors of the Company along with
the certificate confirming that their appointment, if made, would be within the limits prescribed under the
Companies Act, 2013 and that they satisfy the criteria provided under Section 141 of the Act. Your Directors
have recommended for their appointment.

Secretarial Auditors:

Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with Rule 9 of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 and the rules made thereunder, the
Members of the Company, at the Annual General Meeting held on 29.09.2025, had approved the
appointment of M/s. VCSR & Associates, Practising Company Secretaries (UIN No. P2014AP034200),
Hyderabad, as the Secretarial Auditors of the Company for a term of five consecutive financial years
commencing from the Financial Year 2025-26 till the financial year 2029-2030.

The secretarial audit report issued by M/s. VCSR & Associates, Practicing Company Secretaries for the
financial year ending 31st March, 2026 is enclosed as Annexure-I hereto and forms part of this Report. There
are no qualifications, reservations or adverse remarks made by the secretarial auditor.

Internal Auditors:

Pursuant to the provisions of Section 138 of the Companies Act, 2013 read with Rule 13 of the Companies
(Accounts) Rules, 2014 and other applicable provisions, the Board of Directors, based on the
recommendation of the Audit Committee, appointed M/s. Vennapusa & Sunkara, Chartered Accountants, as
the Internal Auditors of the Company for the Financial Year 2025-26.

The Company considers the observations, suggestions and recommendations of the Internal Auditors for
continuously strengthening and improving its internal control systems and processes.

Further, based on the recommendation of the Audit Committee and in accordance with the provisions of
Section 138 of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, the Board of
Directors has appointed M/s. Vennapusa & Sunkara, Chartered Accountants, as the Internal Auditors of the
Company for the Financial Year 2026-27. The Internal Auditors periodically review the adequacy and
effectiveness of the internal control systems and submit their observations and recommendations to the Audit
Committee for appropriate action.

Cost Auditors:

In accordance with the provisions of Section 148 of the Companies Act, 2013 The companies (Cost records
and audit) Rules, 2014 and Rules framed there under, the Board of Directors, on recommendation of the
Audit Committee has appointed M/s. N S V Krishna Rao & Co, Cost Accountants, (Membership No.17143),
Hyderabad as Cost Auditors of the Company for the Financial Year 2025-26.

Members ratified the remuneration payable to the Cost Auditors at their 20th Annual General Meeting of the
company held on 29.09.2026, in accordance with Section 148 of the Companies Act, 2013 for the financial
year ended 31st March, 2026.

Further pursuant to the provisions of Section 148 of the Companies Act, 2013 read with the Companies (Cost
Records and Audit) Rules, 2014, the Board of Directors, on the recommendation of the Audit Committee, has
appointed M/s. N S V Krishna Rao & Co, Cost Accountants, (Membership No.17143), Hyderabad as Cost
Auditors of the Company for the Financial Year 2026-27 to audit the cost records maintained by the Company.

The remuneration payable to the Cost Auditors is subject to ratification by the shareholders at the ensuing
Annual General Meeting. Your Directors recommended for the ratification of their remuneration.

17. REPORTING OF FRAUDS BY AUDITORS:

During financial year ended 31st March 2026, the statutory auditor, the secretarial auditor and other Auditors
have not reported any instance of fraud committed in the Company by its officers or employees.

18. COMPLIANCE WITH SECRETARIAL STANDARDS:

The Secretarial Standards, i.e. SS-1 and SS-2 relating to ‘Meetings of the Board of Directors’ and ‘General
Meetings’ respectively, to the extent as applicable have been duly followed by the Company.

19. EXTRACT OF ANNUAL RETURN:

The extract of the annual return in compliance with the requirement of Section 92(3), Section 134(3) of the
Companies Act 2013 for FY 2025-26 is available on the website of the Company and the same can be
accessed through the link: https://www.ahlada.com/investor-relations?tab = reports-and-
publications&sub=annual-reports

20. BOARD MEETINGS:

During the financial year ended 31 March 2026, the Board of Directors met 4 (Four) times. The meetings
were convened in compliance with the provisions of the Companies Act, 2013, the rules made thereunder,
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Secretarial Standard-1
on Meetings of the Board of Directors (SS-1) issued by the Institute of Company Secretaries of India. The
intervening gap between any two consecutive meetings did not exceed the period prescribed under the
Companies Act, 2013 and the SEBI (LODR) Regulations, 2015.

The details of the Board Meetings and the attendance of the Directors thereat are provided in the Corporate
Governance Report, which forms part of this Annual Report.

21. COMMITTEES OF THE BOARD AND ITS MEETINGS:

The Board of Directors has the following Committees:

1. Audit Committee

2. Nomination and Remuneration Committee

3. Stakeholders’ Relationship Committee

4. Corporate Social Responsibility Committee

5. Risk Management Committee (Non-mandatory)

6. Management Committee(Non-mandatory)

The details of all the above Committees along with their composition, number of meetings and attendance at
the meetings are provided in detail in the Corporate Governance Report annexed to this Board’s Report.

The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013
and SEBI(LODR) Regulations 2015 as applicable.

22. BOARD DIVERSITY:

The Policy on Board diversity of the Company recommended by the Nomination and Remuneration
Committee and approved by the Board is available on the website of the Company at
https://www.ahlada.com/investor-relations?tab=governance&sub=codes-policies&item=board-of-diversity-
policy

23. PROCEDURE FOR NOMINATION & APPOINTMENT OF DIRECTORS AND REMUNERATION POLICY:

The Nomination and Remuneration Committee (NRC) is responsible to set the skills/ expertise/
competencies of the Board Members based on the industry and strategy of the Company and to formulate the
criteria for determining qualifications, positive attributes and independence of Directors in terms of provisions
of Section 178 (3) of the Act and the Listing Regulations. The Board has, on the recommendations of the
Nomination & Remuneration Committee framed a policy for Remuneration of the Directors, Key Managerial
Personnel and Senior Management of the Company.

During the financial year 2025-26, the Board had also identified the list of core skills, expertise and
competencies of the Board of Directors as are required in the context of the business and sector applicable to
the Company and those actually available with the Board. The Company has also mapped each of the skills,
expertise and competencies against the names of the Board Members possessing the same.

The objective of the Company’s remuneration policy is to attract, motivate and retain qualified and expert
individuals that the Company needs in order to achieve its strategic and operational objectives, whilst
acknowledging the societal context around remuneration and recognizing the interests of Company’s
stakeholders.

The Non-Executive Directors (NED) are remunerated by way of sitting fee for each meeting attended and are

also reimbursed out of pocket expenses incurred by them in connection with the attendance of the
Company’s Meetings.

A copy of the Nomination & Remuneration Policy is available on the website of the Company:
https://www.ahlada.com/investor-relations?tab=governance&sub=codes-policies&item=policy-on-nrc-
evaluation and the salient features of the same has been disclosed under Annexure -II.

24. MECHANISM FOR EVALUATION OF THE BOARD ITS COMMITTEES AND INDIVIDUAL DIRECTORS:

Pursuant to the provisions of the Companies Act, 2013 and the Listing Regulations, the Board has carried out
an annual evaluation of its own performance and that of its Committees as well as performance of the
Directors individually. Feedback was sought by way of a structured questionnaire covering various aspects of
the Board’s functioning such as adequacy of the composition of the Board and its Committees, Board culture,
execution and performance of specific duties, obligations and governance and the evaluation was carried out
based on responses received from the Directors.

The evaluation is performed by the Board, Nomination and Remuneration Committee and Independent
Directors with specific focus on the performance and effective functioning of the Board and Individual
Directors.

In line with SEBI Circular No. SEBI/HO/CFD/CMD/CIR/P/2017/004, dated 5th January, 2017 read with
relevant amendments from time to time , the Company has adopted the criteria recommended by the SEBI.

The Directors were given Six Forms for evaluation of the following:

a. Evaluation of the Board;

b. Evaluation of Committees of the Board;

c. Evaluation of Independent Directors;

d. Evaluation of Chairperson;

e. Evaluation of Non-Executive and Non-Independent Directors; and

f. Evaluation of Managing Director.

The Directors were requested to give following ratings for each criteria as per the policy and accordingly
completed the process.

A report on the above evaluation has been prepared and submitted to the Chairman with feedback for
continuous improvement. In a separate meeting held on 14th February, 2026, the Independent Directors
evaluated the performance of Non-Independent Directors and performance of the Board as a whole. They
also evaluated the performance of the Chairman taking into account the views of Executive Director and Non¬
Executive Directors. The NRC reviewed the performance of the Board, its Committees and of the Directors.
The same was discussed in the Board Meeting that followed the meeting of the Independent Directors and
NRC, at which the feedback received from the Directors on the performance of the Board and its Committees
were also discussed.

25. PREVENTION OF INSIDER TRADING:

Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 as amended, the Company has adopted
the Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of Trading by
Designated Persons and their Immediate Relatives along with Code of Fair Disclosures and a copy of the
same are available on company’s website https://www.ahlada.com/investor-
relations?tab=governance&sub=codes-policies&item=code-of-internal-procedures-pit

26. TRANSFER OF UNPAID AND UNCLAIMED AMOUNTS TO INVESTOR EDUCATION AND PROTECTION
FUND (IEPF):

As per section 124 of the Companies Act, 2013 read with the Investor Education and Protection Fund

Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 and subsequent amendments thereto (“the
Rules”), all shares in respect of which dividends has not been paid or claimed for seven consecutive years or
more shall be transferred to Investor Education and Protection Fund (IEPF).

The procedure for claiming such unclaimed dividend/ shares from IEPF has been made available on website
of the Company https://www.ahlada.com/investor-relations?tab=unclaimed-dividend

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

The Company has not granted any loans, secured or unsecured, which falls under the provisions of Section
186 of the Companies Act, 2013.

28. ANNUAL SECRETARIAL COMPLIANCE REPORT:

As per regulation 24A of SEBI (Listing Obligations and disclosure Requirements) regulations, 2015, The
Company has undertaken an audit for the financial year 2025-26 for all applicable compliances as per SEBI
Regulations and Circulars /Guidelines issued there under.

The Annual Secretarial Compliance Report has been submitted to the stock exchange within 60 days of the
end of the financial year.

29. CORPORATE SOCIAL RESPONSIBILITY (CSR):

Pursuant to Section 135 of Companies Act, 2013, and the Companies (Corporate Social Responsibility
policy) Rules, 2014, your Company has constituted a Corporate Social Responsibility Committee. The
composition of the Committee is provided in the Corporate Governance Report. Your Company has
formulated a Corporate Social Responsibility Policy, which has been approved by the Board indicating the
projects or programs to be undertaken by the Company, in line with Schedule VII of the Act. The same is
available on the website of the Company https://www.ahlada.com/investor-
relations?tab=governance&sub=codes-policies&item=csr-policy . A brief outline of the CSR policy of the
Company and the Annual Report on CSR activities undertaken during the year 2025-26 in the format
prescribed in the Companies (Corporate Social Responsibility Policy) Rules, 2014 is annexed to this Report
as Annexure-III.

30. RISK MANAGEMENT POLICY:

The Company has constituted the Risk Management Committee though it is not applicable as per
SEBI(LODR) Regulations, 2015 voluntarily in order to mitigate the risks involved in the business. Details of
Composition of the Committee forms

part of the Corporate Governance Report. In pursuant to the provisions of the Section 134 (3)(n) of The
Companies Act, 2013 the Company has formulated Risk Management Policy to mitigate and manage the
Risk Including identification therein of elements of risk, if any, which in the opinion of the Board may threaten
the existence of the Company.

The policy on Risk Management is available on the website of the Company at https://www.ahlada.com/
investor-relations?tab=governance&sub=codes-policies

31. VIGIL MECHANISM:

The Company has established a vigil mechanism, through a Whistle Blower Policy, where Directors and
employees can voice their genuine concerns or grievances about any unethical or unacceptable business
practice. A whistle-blowing mechanism not only helps the Company in detection of fraud, but is also used as a
corporate governance tool leading to prevention and deterrence of misconduct. The Vigil Mechanism
framework ensures that strict confidentiality is maintained whilst dealing with concerns and also that no
discrimination shall be met out to any person for a genuinely raised concern. The designated officer/ Audit
Committee Chairman can be directly contacted to report any suspected or confirmed incident of
fraud/misconduct.

The Whistle Blower Policy is disclosed on the website of the Company at https://www.ahlada.com/investor-
relations?tab=governance&sub=codes-policies&item=whistle-blower-policy .

32. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION,
PROHIBITION AND REDRESSAL) ACT, 2013:

Your Company is committed to create and maintain an atmosphere in which employees can work together,
without fear of sexual harassment, exploitation or intimidation. Every employee is made aware that the
Company is strongly opposed to sexual harassment and that such behaviour is prohibited.

Your Company has constituted an Internal Complaints Committee pursuant to the provisions of Sexual
Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (“the said Act”) to
deal with complaints relating to sexual harassment at workplace viz at its three Units. The policy and the
details of internal complaints committee is available at https://www.ahlada.com/investor-
relations?tab=governance&sub=codes-policies&item=policy-for-prevention-of-sexual-harassment .

The Company has adopted policy on Prevention of Sexual Harassment of Women at Workplace in
accordance with The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal)
Act, 2013.

During the Financial Year ended 31st March 2026, the Company has not received any Complaints pertaining
to Sexual Harassment.

33. MATERNITY BENEFIT:

Pursuant to Rule 8(5)(xiii) of Companies (Account) Rules, 2014, 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 financial year 2025-2026.

34. CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES UNDER SECTION 188:

The Board of Directors, on recommendation of the Audit Committee framed a policy for Related Party
Transactions which includes matters covered u/s 178(3) of the Companies Act, 2013. The Policy is also
posted in the Investors section of the Company's website.

The Company had not entered into any Related Party Transactions during the year with related parties which
is material in nature. However the Company has entered into related party transactions with the prior
approval of the Audit Committee which are not material transactions and accordingly, the disclosure of
Related Party Transactions were made in Form AOC-2 and is enclosed as Annexure-IV. In line with
requirements of the Act and Listing Regulations, your Company has formulated a Policy on Related Party
Transactions which is available on the website of the Company at https://www.ahlada.com/investor-
relations?tab=governance&sub=codes-policies&item=policy-rpt-reg-23 .

The Policy intends to ensure that proper reporting; approval and disclosure processes are in place for all
transactions between the Company and Related Parties.

This policy specifically deals with the review and approval of Material Related Party Transactions keeping in
mind the potential or actual conflicts of interest that may arise because of entering into these transactions. All
Related Party Transactions are placed before the Audit Committee for review and approval. Prior omnibus
approval was obtained for Related Party Transactions on a yearly basis for transactions which are of
repetitive nature and / or entered in the ordinary course of business and are at arm’s length. All Related Party
Transactions entered during the year were in ordinary course of business and on arm’s length basis.

Suitable disclosure as required by the Indian Accounting Standards (IndAS24) has been made in the notes to
the Financial Statements.

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

Your Company has an effective Internal Control System to prevent fraud and misuse of Company’s resources
and protect shareholders’ interest. Your Company has an effective internal control systems to monitor, review
and focus on the compliance of various business processes. The internal audit report along with audit
findings and tracking of process improvements & compliance is presented for review to the Audit Committee
and the Board of Directors.

36. PARTICULARS OF EMPLOYEES:

The information required pursuant to the provisions of Section 197 read with Rule, 5(12) of The Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 in respect of employees of the
Company, are set out in Annexure-V of this Report.

During the year, the Company had no employee who was employed throughout the financial year or part
thereof and was in receipt of remuneration, which in the aggregate, or as the case may be, at a rate which, in
the aggregate, is in excess of that drawn by the Managing Director or Whole-Time Director or Manager and
holds by himself or along with his spouse and dependent children, not less than 2% of the Equity Shares of
the Company.

37. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

Pursuant to Regulation 34(2) read with Schedule V of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, The Management Discussion and Analysis report has been furnished
separately in the Annual Report and forms part of the Annual Report under Annexure-VI of this report.

38. HUMAN RESOURCE MANAGEMENT:

Human Capital has gained prime importance in last few years. Our Company believes that the human capital
is of utmost importance to sustain the market leadership in all product segments and also to capture new
markets. We have identified the high Performers and rewarded them appropriately, which has helped to
achieve better employee engagement. Competency based training program has been devised for High -
Potential employees with focus on their Individual Development Plan & helping them to become future
leaders.

39. QUALITY:

Your Company accord to high priority to quality, safety, training, development, health and environment. The
Company endeavors to ensure continuous compliance and improvements in this regard.

40. INDUSTRIAL RELATIONS:

Your directors are happy to report that during the year there were very cordial and extremely good industrial
relations at all levels.

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

Particulars with respect to Conservation of Energy, Technology Absorption and Foreign Exchange Earnings
and Outgo as required under Section 134 of the Companies Act, 2013, read with the Companies (Accounts)
Rules, 2014 are given in the Annexure-VII attached hereto and forms part of this Report.

42. ENVIRONMENTAL AND SOCIAL OBLIGATION

The Company’s plants comply with all norms set up for clean and better environment by the competent
authorities. The Company undertakes regular checks / inspections including certification for the maintenance
of the environment. The Company values environmental protection and safety as the major considerations in
its functioning. The Company is continuously endeavoring to improve the health and quality of life in the
communities surrounding its industrial complexes.

43. CODE OF CONDUCT

The Board has laid down a Code of Conduct (“Code”) for Board Members, Managerial Personnel and for
Senior Managerial personnel of the Company.

This Code has been posted on the Company’s website at https://www.ahlada.com/investor-
relations?tab=governance&sub=codes-policies&item=code-of-conduct . All the Board Members and senior
management personnel have affirmed compliance with this code.

The Board has also laid down a Code of Conduct for Independent Directors pursuant to Section 149(8) and
Schedule IV to the Companies Act, 2013 via terms and conditions for appointment of Independent Directors,
which is a guide to professional conduct for Independent Directors and has been uploaded on the website of
the Company at https://www.ahlada.com/investor-relations?tab=governance&sub=codes-policies&
item=code-of-conduct .

44. CORPORATE GOVERNANCE:

Your Company practices a culture that is built on core values and ethical governance practices and is
committed to transparency in all its dealings. The Company’s Report on Corporate Governance is attached,
and forms part of this Report and available at Annexure-VIII.

45. POLICY OF PRESERVATION OF DOCUMENTS:

Pursuant to the Regulation 9 of SEBI (LODR), 2015 the Company has maintained the policy of preservation
of documents to keep the documents preserve as per Regulation 9 (a) & 9 (b) of SEBI (LODR), 2015 and the
same has been uploaded on the website of the Company on https://www.ahlada.com/investor-
relations?tab=governance&sub=codes-policies&item=archival-policy-on-preservation-of-docs .

46. THE DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY
AND BANKRUPTCY CODE, 2016 (31 OF 2016) DURING THE FINANCIAL YEAR:

No application was made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of
2016) during the Financial Year 2025-26.

47. OTHER DISCLOSURES:

(I). There was no instance of one-time settlement with any Bank or Financial Institution.

(ii) There were no significant and material orders passed by the Regulators or Courts or Tribunals
impacting the going concern status and the Company’s operations in future.

48. DIRECTOR’S RESPONSIBILITY STATEMENT:

Pursuant to the requirement of Section 134(3)© of the Companies Act, 2013, and on the basis of compliance
certificate received from the executives of the Company and subject to disclosures in the Annual Accounts,
as also on the basis of the discussion with the Statutory Auditors of the Company from time to time, and to the
best of their knowledge and information furnished, the Board of Directors states:

a. That in preparation of the annual accounts, all the applicable Accounting Standards have been followed
along with proper explanation relating to material departures, if any.

b. That the Directors have adopted such accounting policies, as selected in consultation with Statutory
Auditors, 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 31st March, 2026
and of the profit of the Company for the financial year ended 31st March, 2026.

c. That the Directors have 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 Annual Accounts have been prepared on a going concern basis.

e. Those proper internal financial controls were in place and that the financial controls were adequate and
were operating effectively.

f. Proper systems are devised to ensure compliance with the provisions of all applicable laws and that
systems were adequate and operating effectively.

49. COMPANY’S WEBSITE:

The website of your Company https://ahlada.com displays the Company’s businesses up-front on the home
page. The site carries a comprehensive database of information of all the Doors and Windows products
including the Financial Results of your Company, Shareholding Pattern, Directors’ & Corporate profile,
details of Board Committees, Corporate Policies and business activities of your Company.

All the mandatory information and disclosures as per the requirements of the Companies Act, 2013 and
Companies Rules 2014 and as per the SEBI (LODR) Regulations, 2015 has been uploaded.

50. ACKNOWLEDGEMENTS:

The Board of Directors places on record their appreciation to the co-operation and support extended by all
stakeholders in the Company including the Shareholders, Bankers, Vendors, Customers and other Business
Associates.

The Directors also wish to place on record their appreciation to all the employees for their commitment and
contribution towards achieving the goals of the Company.

The Directors also thank the Governments of various Countries, Government of India, State Governments in
India and concerned Government Departments/Agencies for their co-operation.

By Order of the Board
For AHLADA ENGINEERS LIMITED

Sd/- Sd/-

Suresh Mohan Reddy Ch. Ahlada Ch.

Date : 06.07.2026 Chairman & Managing Director Whole Time Director & CFO

Place : Hyderabad (DIN: 00090543) (DIN: 09406784)