Tax (PBT) of ' 1170.21 Lacs and Profit After Tax (PAT) of ' 924.35 Lacs during the year ended on March 31, 2025 as compared to previous year ended on March 31, 2024 of ' 661.86 Lacs and ' 471.64 Lacs showing rise of 76.81% and 95.99% respectively. During the year under review, there has been no change in the nature of the business of the Company which has an impact on the affairs of the company. For the further details on Company's performance, operations and strategies for growth, please refer to Management Discussion and Analysis section which forms a part of this Annual report.

3. TRANSFER TO RESERVES AND SURPLUS:

During the year under review, the company has transferred ? 924.35 lakhs to the Reserve and Surplus account during the financial year ended March 31, 2025.

4. DIVIDEND:

The constant efforts add to the growth potential and improve upon previously set benchmarks add to the strong foundation and work ethos of the company. Keeping in view the growth prospects of the company the board of your company has not recommended any dividend for the financial year ended March 31, 2025. Since there was no unpaid/unclaimed dividend during the year under review, the Company is not required to transfer any amount to the Investor education and protection fund (IEPF) as required under the provision of Section 125 of the Companies Act, 2013.

There was no amount liable or due to be transferred to Investor Education and Protection fund (IEPF) during the financial year ended March 31,2025.

As per the provisions of Regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), your company has formulated a Dividend Distribution policy is as follows:

https://hecprojects.in/wp-content/uploads/2024/07/ Dividend Distribution Policy.pdf

5. CHANGE IN THE NATURE OF BUSINESS:

The Company is engaged in the business of Electro Mechanical. During the year under review 2024-25,

there has been no change in the nature of business of the Company.

6. MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY:

During the financial year 2024-25 under review, there are no such material changes and commitments affecting the financial position of the Company, which has occurred during the year.

Further there are no material changes or commitments occurred subsequent to the year end and up to the date of the Directors Report.

The company will continue to closely monitor any material changes to future economic conditions.

There is no occasion whereby the Company has either revised or required to revise the financial statement or the Board's report of the Company for any period prior to financial year 2024-25. Hence, no specific details are required to be given or provided.

7. SHARE CAPITAL STRUCTURE:

The Company has increased its Authorised Share Capital from ? 10. 20 Crores to ? 20 Cr, in the Annual General Meeting held on July 30, 2025.

During the financial year 2024-25 under review, the Issued, Subscribed and Paid-up Equity Share Capital of the Company stands increase to ? 10,83,81,600/-divided into 1,08,38,160 Ordinary Shares of ? 10/-each. The Company, on March 12, 2025, has allotted 7,00,000 Equity Shares on preferential basis to Promoter Group and has also received In-principle approval for listing for the allotted equity shares from National Stock Exchange of India Limited dated April 9, 2025. The said equity shares are locked in pursuant to the SEBI (ICDR) Regulations applicable to Preferential Issue.

8. CREDIT RATING:

During the Financial year 2024-25 under review, the Company has neither issued nor required to obtain credit rating of its securities. As such, no specific details are required to be given or provided.

Further during the year under review and pursuant to the applicable provisions of the Companies Act, 2013, the Board of Directors of the company on recommendation of the Nomination and Remuneration committee of the Board consented to re-appoint Mrs. Rupal Gaurang Shah (DIN: 01756092) A brief resume and other details of the above directors seeking re-appointment are provided in the Notice of Annual General meeting.

Further on January 25, 2025 Ms. Neetu Jalan (DIN: 08719470), Ms. Dipika Soni (DIN: 08846908) and Ms. Raina Singh (DIN: 09637543) stepped down from the position of Non-Executive Independent Director and Mr. Yash Mehta (DIN: 08194649), Mr. Ronak Mehta (DIN: 10525257) and Ms. Rajkumari Udhwani (DIN: 02636225) were appointed in the board meeting held on January 25, 2025 and the same were regularized in the Extraordinary General meeting held by the company on March 8, 2025. In accordance with the provisions, as on March 31,2025 following are the Key Managerial Personnel of the Company:

Mr. Gaurang Parmanand Shah-Managing Director

Mr. Arvindkumar Patel-Chief Financial Officer

Ms. Khushi Bhatt-Company Secretary

Brief profile of the Directors who are being appointed or re-appointed as required under Regulations 36(3) of Listing Regulations, 2015 and Secretarial Standard on General Meetings is provided in the notice for the forthcoming AGM of the Company.

10.1 % INCREASE IN REMUNERATION OF DIRECTORS AND KMP:

As per Annexure II

10.2 COMPARISON BETWEEN REMUNERATION OF KMP & PERFORMANCE OF THE COMPANY:

As per the Remuneration Policy and based on the Recommendation of Nomination & Remuneration Committee the Relationship of remuneration to KMP & performance of Company is clear and meets appropriate performance benchmarks.

11. DECLARATION ON INDEPENDENCE GIVEN BY INDEPENDENT DIRECTORS:

The Independent directors of the company have given declarations that they meet the criteria of the independence as laid down under Section 149(6) of the Act and Regulation 16(1)(b) of the Listing regulations. None of the Directors of the Company are disqualified for being appointed as Directors as specified in Section 164(2) of the Act and Rule 14(1) of the Companies (Appointment and Qualification of Directors) Rules, 2014. All the Independent Directors have been registered and are members of the Independent Directors Databank maintained by Indian Institute of Corporate Affairs. None of the Independent directors are liable to retire by rotation.

According to the Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014, as amended, the names of all the Independent directors of the company have been included in the data bank maintained by the Indian Institute of Corporate Affairs. The Independent Directors are fully kept informed of the Company's business activities. A separate meeting of Independent Directors were held on February 8, 2025. All the Independent directors were present in the meeting.

12. MEETINGS OF THE BOARD OF DIRECTORS:

The Board of Directors of the company have met 07 (seven) times during the year viz (1) May 29, 2024, (2) July 1, 2024, (3) August 10, 2024, (4) November 11, 2024, (5) January 25, 2025, (6) February 8, 2025 and (7) March 12, 2025. The details of the Board meetings are provided in the Corporate Governance report forming part of this Annual report.

14. FAMILIARIZATION PROGRAMMEE FOR

INDEPENDENT DIRECTORS:

All Independent Directors are familiarized with the operation and functioning of the Company. The details of the familiarization program are provided in the Corporate Governance Report and the same is also available on the website of the company https://hecprojects.in/wp-content/uploads/2025/04/ familiarization-programme IDS 202425.pdf

15. ANNUAL PERFORMANCE EVALUATION:

The Board of Directors has carried out an annual evaluation of its own performance, board committees, and individual directors pursuant to the provisions of the Act and SEBI Listing Regulations.

The Company has in place a criteria for performance evaluation of Independent Directors, Board, Committees and other individual Directors which include performance evaluation of the non-executive directors and executive directors.

Pursuant to the provisions of Section 134(3)(p), 149 (8) and Schedule IV of the Companies Act, 2013 and Regulation 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company is committed to get its performance evaluated in order to identify its strengths and areas in which it may improve its functioning. In terms of the framework of the Board Performance evaluation, the Nomination and Remuneration committee and the Board of Directors have carried out an annual performance evaluation of the performance of its own performance, Committee and Individual Directors.

The evaluation of the Board, Committees, Directors and Chairman of the Board was conducted based on the evaluation parameters such as Board composition and structure, effectiveness of the Board, participation at the meetings, awareness, observance of governance and quality of contribution etc.

The performance of the Board was evaluated after seeking inputs from all the directors on the basis such

as knowledge and skills, professional conduct, duties, roles and function, effectiveness etc. Further board opined that the Independent directors of the company appointed during the year has requisite integrity, expertise and experience.

16. APPOINTMENT AND REMUNERATION POLICY:

Pursuant to provisions of Section 178 of the Companies Act, 2013 and Regulation 19 of listing Regulations and on the recommendation of the Nomination and Remuneration Committee, the Board has adopted a policy for selection, appointment and remuneration of Directors and Key Managerial Personnel.

The detailed features of Remuneration Policy are stated in the Report on Corporate Governance forming part of this Annual Report and is also available on the Company's website at https://hecprojects.in/wp-content/uploads/2021/05/5-Remuneration-Policy.pdf

17. CORPORATE SOCIAL RESPONSIBILITY (CSR):

The Company's CSR initiatives are aligned to the requirement of Section 135 of the Act.

A brief outline of CSR policy and the initiatives undertaken by the company on CSR activities during the year under review are set out in Annexure I of this report in the format. The company was required to undertake CSR expenditure of ? 5.59 lakhs and have spent ? 6 lakhs related to the CSR project activities.

For other details, refer to the corporate governance report which forms part of this report.

18. PARTICULARS OF EMPLOYEES:

During the year under review, there was no employee who has drawn remuneration in excess of the limits set out under Section 197 (12) of the Companies Act, 2013 read with Rule 5 (2) and 5 (3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

Disclosure pertaining to Remuneration and other details as required under Section 197 (12) of the Act read with Rule 5 of the Companies (Appointment and Remuneration of Managerial personnel) Rule, 2014 is attached as Annexure- II.

18.1 INDUSTRIAL RELATIONS:

The industrial relations continued to remain cordial and peaceful and your Company continued

to give ever increasing importance to training at all levels and other aspects of H. R. D.

The number of Employees of the Company is 50. The relationship between average increase in remuneration and Company's performance is as per the appropriate performance benchmarks and reflects short and long term performance objectives appropriate to the working of the Company and its goals.

19. DIRECTOR'S RESPONSIBILITY STATEMENT:

During the year under review 2024-25, the audited financial statements of the Company for the year under review are in conformity with the requirements of the Act read with the rules made thereunder and the Accounting Standards. To the best of the knowledge and ability, the Board of Directors makes the following statements in terms of Section 134 (5) of the Companies Act, 2013:

(i) in the preparation of the annual accounts for the financial year ended March 31, 2025, the applicable accounting standards have been followed and there are no material departures from the same;

(ii) they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at March 31, 2025 being end of the financial year 2024-25 and of the Profit of the Company for the financial year ended March 31,2025;

(iii) they 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;

(iv) they have prepared the annual accounts on a 'going concern' basis;

(v) they have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively;

(vi) they have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

20. SUBSIDIARY, ASSOCIATE AND JOINT VENTURE:

During the year under review, no company has become or ceased to be subsidiary, joint venture or associate of the Company.

21. DEPOSITS:

During the year under review, the Company has not accepted any deposit within the meaning of Section 73 and 74 of the Companies Act, 2013 read with the companies (Acceptance of Deposits) Rules, 2014.

The Directors have given a declaration stating that the amount deposited is out of own funds and not by way of borrowings from others.

22. PARTICULARS OF LOANS GIVEN, INVESTMENTS MADE, GUARANTEES GIVEN OR SECURITY PROVIDED:

During the year under review, the particulars of any loan, investments, guarantee or Security for the loans availed by others, pursuant to provision of Section 186 of the Act read with the Companies (Meetings of Board and its powers) Rules, 2014 are given under notes to the Financial statements, which forms part of this Annual report. The loans given, investments made, guarantees given or security provided are for business purpose. No guarantee or security is provided for loan availed by others.

23. CONTRACTS OR ARRANGEMENTS WITH RELATED PARTY TRANSACTIONS:

During the financial year under review, all contracts / arrangements / transactions entered by the Company with related parties were in ordinary course of business and on arms' length basis. The details of contracts and arrangements with Related Parties of your Company for the financial year ended March 31,2025 are given in notes to the Financial Statements, forming part of this Annual Report.

All related party transactions have been approved by the Audit Committee and the Board of Directors of your Company and are reviewed by them on periodic basis. Omnibus approvals were taken for all transactions entered in to by the company with related parties. During the year the policy is not changed and uploaded on the Company's website. The Company's Policy on Related Party Transactions is available on your Company's website https://hecprojects.in/wp-content/uploads/2021/05/6-Related-Party-Transaction-Policy.pdf.

Since no material transactions with Related Party Transactions Form AOC-2 is not applicable.

Pursuant to the SEBI Listing Regulations, the resolutions seeking approval of the Members on material related party transactions forms part of the Notice of the ensuing AGM.

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

Particulars relating to conservation of energy and technology absorption stipulated in the Companies (Accounts), 2014 are not applicable to HEC Infra Projects Limited ("the company") are either nil or not applicable. The details regarding foreign exchange earnings and expenditure, if any, is specified in the notes to the Balance Sheet.

25. RISK MANAGEMENT:

In terms of the provisions of Regulation 17 of the Listing Regulations, your company has established a well-defined risk management policy to ensure that risk to the Company's continued existence as a going concern and to its development are identified and addressed on timely basis. Risk management strategy as approved by the board of directors is implemented by the company management. The Policy is available for at the Website of the Company https://hecprojects. in/wp-content/uploads/2021/05/7-Risk-Management-Policy.pdf

26. VIGIL MECHANISM/WHISTLE BLOWER POLICY:

Pursuant to the provision of Section 177(9) of the Companies Act, 2013 read with Rule 7 of Companies (Meeting of Board and its Power) Rules, 2014 and Regulation 22 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Company has formulated a vigil mechanism/ Whistle Blower Policy for directors and employees to report concern of unethical behavior, actual or suspected fraud or violation of the Company's code of conduct.

The company affirms that no employee has been denied access to the Audit committee.

The details of the Whistle Blower Policy/ Vigil Mechanism are explained in the Corporate Governance Report and also posted on the Company's website at https://hecprojects.in/wp-content/uploads/2023/06/ Whistle-blower-and-vigil-mechanisam.pdf

27. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATIORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY'S OPERATIONS IN FUTURE:

There are no significant and material order passed by the regulators or courts or tribunals impacting the going concern status and the Company's operations in future.

28. AUDITORS AND AUDITOR'S REPORT:

A) STATUTORY AUDITOR AND THEIR REPORTS:

In compliance with the provisions of the Companies (Audit and Auditors) Rules, 2014,

In accordance with Section 139 of the Companies Act,2013 and rules made thereunder M/S Paresh Thothawala & Co., Chartered Accountants (FRN: 114777W), Ahmedabad, were appointed as Statutory Auditors of the company at 18th Annual General Meeting of the Company to hold office for the term of 5 years. M/s Paresh Thothawala & Co., Chartered Accountants, Ahmedabad have resigned from the office of Statutory Auditors of the Company due to diversification in practice and pre-occupation in other assignments for the remaining term.

In terms of Section 139 of the Companies Act, 2013 read with Companies (Audit & Auditors) Rules, 2014, the Board of Directors has recommended the appointment of M/s. KDN & Associates LLP, Chartered Accountants, Ahmedabad, having FRN.: 131655W/ W100691 as Statutory Auditors of the Company for a period of 5 years and to hold office as Statutory Auditors from the conclusion of the ensuing 20th AGM till the conclusion of 25th AGM on remuneration to be decided by the Board or Committee thereof based on the recommendation of Audit Committee.

The Company has obtained consent from M/s. KDN & Associates LLP, Chartered Accountants, Ahmedabad to the effect that their appointment as Auditors of the Company for period of 5 years commencing from the Financial Year 2025-26 to 2029-30, if made, will be in accordance with the provisions of Section 139 and 141 of the Companies Act, 2013.

The Shareholders are requested to consider and approve the appointment of the Statutory Auditors of the Company.

The Auditor's report for financial year 2024-25 served is enclosed with the financial statements in this Annual

report and there are no qualification, reservation or adverse remark or disclaimers made by statutory auditor in their Audit report.

During the year under review,

a) The auditor's report does not contain any reservation, qualification, disclaimer or adverse remark.

b) The Statutory Auditor has not reported any incident of fraud to the Audit committee or the Board of Directors under Section 143(12) of the Act.

B) SECRETARIAL AUDITOR AND SECRETARIAL AUDIT REPORT:

Your Company has obtained Secretarial Audit Report as required under Section 204(1) of the Companies Act, 2013 from M/s. Kashyap R. Mehta & Associates, Company Secretaries, Ahmedabad. The said Report is attached with this Report as Annexure - III.

There are no remarks / qualification in the Secretarial Audit Report, hence no explanation has been offered.

Based on the recommendation of the Audit Committee, in terms of Section 204 of the Companies Act, 2013 read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and Regulation 24A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), the Board of Directors has recommended the appointment of M/s. Nishant Pandya & Associates, Practising Company Secretaries (Firm Registration No. S2019GJ700100) as Secretarial Auditors of the Company for a period of 5 years and to hold office as Secretarial Auditors from the conclusion of the ensuing 20th AGM till the conclusion of 25th AGM for approval of shareholders/members of the Company.

The Company has obtained consent from M/s. Nishant Pandya & Associates, Practising Company Secretaries to the effect that their appointment as Secretarial Auditors of the Company for period of 5 years i.e. for the Financial Years 2025-26 to 2029-30, if made, will be in accordance with the provisions of Section 204 of the Companies Act, 2013.

As per Regulation 24A in SEBI (LODR) regulations, the Annual Secretarial compliance certificate is posted in the website of the company https://hecprojects.in/wp-content/uploads/2025/07/asc-march-2025.pdf

C) INTERNAL AUDITOR/INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:

In accordance with the provisions of section 138 of the Companies Act, 2013 and rules framed there under, your company had appointed M/S Shah Shah & Co. (Mr. Rushin Shah) as the Internal auditor of the company w.e.f July 07, 2023.

None of the Auditors of the company have reported any fraud as specified under the second proviso of Section 143 (12) of the Companies Act, 2013 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force).

The company ensures reliability in conducting its business, precision and comprehensiveness in maintaining accounting records and anticipation and detection of frauds and errors. There are no adverse remarks or qualification on accounts of the Company marked by the Internal auditor. The Internal Auditors team carries out the extensive Audits throughout the year across all the functional area and submit its report to the Audit Committee. The Audit Committee actively reviews the adequacy and effectiveness of internal control systems and suggests improvements for strengthening them in accordance with the changes in the business dynamics, if required.

D) COST AUDITOR:

As per Section 148 of the Act read with the Companies (Cost Records and Audit) Rules, 2014, the Company is required to prepare and maintain cost records and have the cost records audited by a Cost Accountant and accordingly, as per the recommendation of the Audit Committee, the Board of Directors at its meeting held on August 1, 2025, appointed M/s. P.H.Desai & Co., Cost Accountants, Ahmedabad (Firm Registration No. 100377), a Firm of Cost Accountants as the Cost Auditor of the Company for maintaining such cost accounts and records. The Report of the Cost Auditors for the financial year shall be filed with the Ministry of Corporate Affairs within the prescribed period.

On the recommendation of the Audit Committee, has appointed M/s. P.H.Desai & Co., Cost Accountants, Ahmedabad (Firm Registration No. 100377), a Firm of Cost Accountants as the Cost Auditor of the Company for FY 2025-26 under Section 148 and all other applicable provisions of the Act at a remuneration of ' 20,000/- plus applicable taxes. The Cost Auditor has confirmed that their appointment is within the limits of Section 141(3)(g) of the Act and they are free from

34. ANNUAL RETURN:

Pursuant to the Section 92(3) of the Act read with the Companies (Management and Administration) Rules, 2014 The Annual Return of the Company in Form MGT - 7 in accordance with Section 92(3) of the Act read with the Companies (Management and Administration) Rules, 2014, is available on the website of the Company at i.e. https://hecprojects.in/wp-content/ uploads/2024/09/NEW-MGT7.pdf

35. OTHER DISCLOSURES:

• INDUSTRIAL RELATIONS:

The Relations between the employees and management have remained cordial and harmonious during the year under review. The Company is dedicated to enhance and retain top talent through superior learning and organizational development as this is the pillar to support the Company's growth and sustain ability in the future. The Company takes pride in the commitment, competence and dedication shown by its employees. The Company is dedicated to enhance and retain the top talent through superior learning and organizational development, as this being the pillar to support the Company's growth and sustainability in the future.

• HEALTH AND SAFETY:

The company firmly believes that pursuit of excellence is one of the most critical components for a competitive success. With Quality, health, safety and environment being an essential part of Company's policy, it strives to deliver success by maintaining highest level of Quality, health, safety and environment. The operations of the company are conducted in such way that it ensures safety of all concerned and a pleasant working environment.

• CERTIFICATE BY THE CFO OF THE COMPANY:

Pursuant to the Regulation 17(8) of SEBI (LODR) Regulations, 2015 the certificate as per Part B of Schedule II is annexed.

• COMPANY'S POLICY ON DIRECTOR'S, KMP'S & OTHER EMPLOYEES APPOINTMENT & REMUNERATION INCLUDING CRITERIA FOR DETERMINING QUALIFICATION, ATTRIBUTES,INDEPENDENCE ETC:

The Company has formulated and adopted the Remuneration Policy in accordance with the provisions

of the Company have been suspended for the trading during the financial year 2024-25. The Company, on March 12, 2025, has allotted 7,00,000 Equity Shares on preferential basis to Promoter Group and has also received In-principle approval for listing for the allotted equity shares from National Stock Exchange of India Limited on April 9, 2025. The said equity shares locked in pursuant to the SEBI (ICDR) Regulations applicable to Preferential Issue.

• CORPORATE GOVERNANCE:

Your company continue to imbibe and emulate the best corporate governance practices aimed at building trust among the stakeholders. Your company believes that fairness, transparency, responsibility and accountability are the four key elements of corporate governance. In compliance with Regulations 17 to 22 and Regulation 34 of the Listing regulations, a separate report on Corporate governance is enclosed as forms part of the Director's report.

37. OTHER MATTERS:

• DEMATERIALIZATION OF THE SHARES:

As on March 31, 2025, the entire 100% issued, subscribed and paid up share capital 10838160 equity shares of the Company were held in dematerialized form through depositories National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).

• PAYMENT OF LISTING AND DEPOSITORIES FEES:

The Company has duly paid the requisite annual listing fees for the Financial year under to the National Stock Exchange of India Limited (NSE). The Company has also paid the requisite annual custodian and other fees for the Financial year 2025-26 to the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).

• BUSINESS RESPONSIBILITY REPORT:

The business responsibility report under Regulation 34 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 is not applicable to the Company for the year under review ended March 31,2025. Therefore, there is no requirement to submit a separate report by the company.

k) Contact details of officials under Regulation 30 of SEBI(LODR) Regulations- https://hecprojects.in/ wp-content/uploads/2024/06/Contact-details-of-officials-under-Regulation-30.pdf

l) Terms and conditions of appointment of Independent directors- https://hecprojects.in/ wp-content/uploads/2023/08/NEW-Terms-and-Condition-of-Independent-Director.pdf

m) Familiarization program- https://hecprojects.in/ wp-content/uploads/2025/04/familiarization-programme_IDS_202425.pdf

n) Anti-Harassment policy- https://hecprojects. in/wp-content/uploads/2021/05/14-Anti-Harassment-Policy.pdf

o) Code of Conduct for trading- https://hecprojects. in/wp-content/uploads/2021/05/15-COC-for-Insider-Trading.pdf

p) Policy and procedure for enquiry in case of leak of UPSI or suspected leak of UPSI- https:// hecprojects.in/wp-content/uploads/2021/05/17-Policy-and-Procedure-regarding-Leak-of-UPSI-30032019.pdf

q) Policy on board Diversity: https://hecprojects. in/wp-content/uploads/2023/06/Final-Policy-on-Board-Diversity.pdf

s) Composition of Committee: https://hecprojects. in/wp-content/uploads/2025/04/Composition-of-Commitees-khushi-policy.pdf

t) Dividend distribution policy: https://hecprojects. in/wp-content/uploads/2024/07/Dividend_ Distribution_Policy.pdf

u) CSR policy: https://hecprojects.in/wp-content/ uploads/2024/12/CSR-Policy-202425.pdf

The aforesaid code/s and policy(ies) are available on Company's website

• SEXUAL HARASSMENT OF WOMEN AT THE WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT,2013:

As per the requirement of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013 (hereinafter referred to as "Prevention of Sexual Harassment Act"), the Company

has formulated policy on prevention of Sexual harassment at workplace for prevention, prohibition and redressal of sexual harassment at workplace and an Internal Complaints Committee has also been set up to redress any such complaints received.

Your Company is committed to provide a conducive work environment devoid of discrimination and harassment including sexual harassment.

The policy covers all employees (permanent, contractual, temporary, trainees) irrespective of their nature of employment and also applicable in respect of all allegations of sexual harassment made by an outsider against an employee.

During the year 2024-25, no case of Sexual Harassment was reported. The following is the summary for the F.Y 2024-25

The Board of Directors wish to convey their gratitude and place on record their appreciation for all the employees at all levels for their hard work, solidarity, cooperation and dedication during the year. The Board sincerely conveys its appreciation for its customers, shareholders, suppliers as well as vendors, bankers, business associates, regulatory and government authorities for their continued support.