Your Board of Directors' take pleasure in presenting the 08^th Board Report together with the Audited Stand-alone and Consolidated Financial
Statements of the Company for the year ended March 31,2025.

FINANCIAL RESULTS

The discussion on the financial condition and results of operations of your Company for the year ended 31^st March, 2025, which are summarized
below, should be read in conjunction with its audited Standalone and the Consolidated Financial Statements containing financials and notes
thereto of Krishca Strapping Solutions Limited and its subsidiary Krishca Total Packaging Solutions FZCO, Dubai which are summarized below:

STATE OF COMPANY'S AFFAIRS

During the year, your Company earned a revenue of H151.08 Crores
as against H105.72 Crores in the previous year, registering an increase
of around 42.91%. Earnings before interest, tax, depreciation and
amortization (EBITDA) was H24.29 Crores against H20.26 Crores in the
previous year. Profit after tax (PAT) for the year was H11.60 Crores as
against H13.24 Crores in the previous year.

BUSINESS OVERVIEW

A more detailed explanation on the business and the performance of
the Company has been provided in the Management Discussion and
Analysis Report, which is forming part of the Annual Report along
with Boards Report.

CHANGE IN THE NATURE BUSINESS OF COMPANY

During the year under review, there was no change in the nature of
the Company's business.

LISTING OF THE COMPANY

The Shares of your Company are listed on Platform of "Emerge
Platform on National Stock Exchange". The annual Listing Fees for
the Year 2025-26 has been paid to the exchange.

DIVIDEND

Considering the capital requirement for expansion and growth of
business operations and to augment working capital requirements,
the Board of Directors do not recommend any dividend on the
Equity shares for the financial year 2024-25.

To bring transparency in the matter of declaration of dividend
and protect the interests of investors, the company had adopted
a Dividend Policy since listing of its shares. The policy has
been displayed on the Company's website at link https://www.
krishcastrapping.com/.

UNCLAIMED DIVIDEND

In the absence of any declaration of dividend in the past, the
Company does not have any unpaid/unclaimed dividend coming
under the purview of Section 124(5) of the Act to be Investors
Education and Protection Fund ("IEPF") of the Central Government.

TRANSFER TO RESERVES

Your Directors do not propose to transfer any amount to the general
reserves and the entire amount of profit for the year forms part of
the 'Retained Earnings'.

MATERIAL CHANGES AND COMMITMENTS AFFECTING
THE FINANCIAL POSITION OF THE COMPANY

There have been no material changes and commitments 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, which forms part of
this report.

AWARDS & RECOGNITIONS

The company has obtained various certifications which includes ISO
Certificate 9001:2015 and BIS 6700145313, which stands testimony
for the highest standards of quality and safety maintained by the
Company in respect of its products.

SHARE CAPITAL
AUTHORISED SHARE CAPITAL

The Authorised Share Capital of the Company is H15,00,00,000/-
comprising of 1,50,00,000 Equity Shares of H10/- each.

PAID-UP SHARE CAPITAL

As on 31^st March, 2025, the paid up capital of the company is
H14,19,00,000/- consisting of 1,41,90,000 equity shares of H10/-
each and there was no change in the share capital of your company
during the year under report.

ISSUE OF SHARES, INCLUDING DISCLOSURE ABOUT ESOP
AND SWEAT EQUITY SHARE:

a. BUY BACK OF SECURITIES: The Company has not bought back
any of its securities during the year under review.

b. SWEAT EQUITY: The Company has not issued any Sweat Equity
Shares during the year under review.

c. BONUS SHARES: During the year, the Company has not issued
bonus shares to its shareholders.

d. EMPLOYEES STOCK OPTION PLAN: The Company has not
provided any Stock Option Scheme to the employees.

e. PREFERENTIAL ISSUE: During the year under review, The
Company has successfully completed the Preferential Issue of
21,20,000 (Twenty-One Lakhs Twenty Thousand) Equity Shares
with the Face Value of H10 each for cash, at an issue price of
H233 per Equity Share (which includes a premium of H223 per
Equity Share). And Issue of 8,00,000 (Eight Lakh) Warrants with
the Face Value of H10 each for cash, at an issue price of H233
per Equity Share (which includes a premium of H223 per Equity
Share).

f. ISSUE OF EQUITY SHARES WITH DIFFERENTIAL RIGHTS AS TO
DIVIDEND, VOTING OR OTHERWISE: The Company has not
issued any equity shares with differential rights as to dividend,
voting or otherwise.

g. ISSUE OF SHARES (INCLUDING SWEAT EQUITY SHARES) TO
EMPLOYEES OF THE COMPANY UNDER ANY SCHEME: The
Company has not issued any shares (including sweat equity
shares) to employees of the Company under any scheme.

h. OTHER CONFIRMATIONS: The Company has not made any
change in voting rights or changed the capital structure
resulting from restructuring.

The Company failed to implement any corporate action.

The Company's securities were not suspended for trading during
the year since its listing

UTILISATION OF FUNDS COLLECTED THROUGH
PREFERENTIAL ISSUE

The Company had raised funds through Preferential Issue during
July, 2024 by allotting 21,20,000 (Twenty One Lakhs Twenty
Thousand) Equity Shares of Face Value of H10/- (Rupees Ten Only)
each fully paid, and by allotting 8,00,000 (Eight Lakh) Warrants. The
proceeds of aforesaid issue are being utilized, for the purpose for
which it was raised by the Company in accordance with the terms of
the issue. There was no deviation(s) or variation(s) in the utilization
of public issue proceeds.

PUBLIC DEPOSITS

The Company has not accepted any deposits from public falling
within the ambit of section 73 and Section 76 of the Act, read with
the Companies (Acceptance of Deposits) Rules, 2014. Hence, no
disclosure is required under Rule 8(5)(v) and (vi) of the Companies
(Accounts) Rules, 2014.

BORROWINGS

As on 31^st March 2025, an amount of H3308.13- Cr. is outstanding
towards borrowings, which comprises of both secured and
unsecured loans. The company has not defaulted in payment of
interest and/or repayment of loan to any of the financial institutions
and/or bank.

SECRETARIAL STANDARDS

During the financial year under review, the Company has complied
with the applicable provisions of the Secretarial Standard-1 and
Secretarial Standard-2 relating to 'Meetings of the Board of Directors'
and 'General Meetings', respectively issued by the Institute of
Company Secretaries of India ('ICSI') and approved by the Central
Government under Section 118 (10) of the Act.

DIRECTORS' RESPONSIBILITY STATEMENT

In terms of Section 134(3)(c) of the Companies Act, 2013, with respect
to Directors' Responsibility Statement it is hereby confirmed that:

a) in the preparation of the annual accounts for the year ended
March 31,2025, the applicable 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 March
31,2025 and of the profit of 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 effectively.

PARTICULARS OF LOANS GIVEN, INVESTMENTS MADE,
GUARANTEES GIVEN AND SECURITIES PROVIDED UNDER
SECTION 186 OF THE ACT

The Company has not given any Loans, made any Investments, given
any Guarantees and provided any Securities during the Financial
Year under Section 186 of the Act.

PARTICULARS OF HOLDING, SUBSIDIARIES, JOINT
VENTURES AND ASSOCIATE COMPANIES

As part of the expansion of the business of the company to overseas
market, your company has incorporated a subsidiary viz Krishca Total
Packaging Solutions FZCO on August 30, 2023 in UAE and a Wholly
Owned Subsidiary Company viz., KRISHCA TOTAL PACKAGING &
PRESERVATION SOLUTIONS PTE. LTD in Singapore on October 13,
2023. The said subsidiaries are yet to start its operations. Details are
annexed as Annexure I to this report.

CONTRACTS OR ARRANGEMENTS MADE WITH RELATED
PARTIES UNDER SECTION 188(1) OF THE ACT

All the transactions with related parties during the year were on
arm's length basis and in the ordinary course Board's Report of the
business. Related party transactions entered into by the Company
during the year were approved by the audit committee and the
Board from time to time and are disclosed in the notes to accounts
of the financial statements forming part of this Annual Report.
The Company has also obtained approval of the shareholders for
related party transactions which are material in nature irrespective
of the fact that they are on arm's length basis and in the ordinary
course of the business. The details of materially significant related
party transactions entered into by the Company are disclosed in

Form AOC- 2 pursuant to Section 134(3) of the Act and enclosed as
Annexure -II to this report.

All transactions with related parties are in accordance with the RPT
Policy. The policy on materiality of related party transactions and
dealing with related party transactions ("RPT Policy") formulated by
the Board can be accessed at https://www.krishcastrapping.com.

ANNUAL RETURN

Pursuant to the provisions of Section 92(3) and Section 134(3) of
the Act read with Rule 12 of the Companies (Management and
Administration) Rules, 2014 as amended from time to time, the
Annual Return of the Company as on 31^st March, 2025 is available
on the Company's website and can be accessed at https://www.
krishcastrapping.com.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. COMPOSITION OF THE BOARD

Composition of the Board as at March 31, 2025, company's
Board consists of 8 (Eight) members. Besides the Chairman,
who is an Executive Promoter Director, the Board comprises
of one Executive Promoter Director (Woman Executive
Director), Two Executive Director and One Non-Executive Non¬
Independent Directors and three Non-Executive Independent
Directors. Brief profile of Directors is available at Company's
website at https://Krishcastrapping.com.

The composition of the Board consists of a combination of
Executive and Non-Executive Directors and not less than 1/3^rd
of the Board comprising of Independent Directors.

The following are the changes in the Board of Directors/KMPs
of the Company during the year under review:

Detailed agenda with explanatory notes and all other related
information is circulated to the members of the Board in advance
of each meeting. Detailed presentations are made to the Board
covering all major functions and activities. The requisite strategic
and material information is made available to the Board to
ensure transparent decision making by the Board.

Adequate notice is given to all directors for the meetings of the
Board and Committees. Except where consent of directors was
received for scheduling meeting at a shorter notice, agenda
and detailed notes on agenda were sent at least seven days in
advance, and a system exists for seeking and obtaining further
information and clarifications on the agenda items before the
meeting and for meaningful participation at the meeting by
the directors.

The Company did not have any pecuniary relationship or
transactions with the Non-Executive Directors of the Company
other than payment of the sitting fees for attending meetings.

Remuneration of the executive directors consists of a salary and
other benefits. The Nomination and Remuneration Committee
makes annual appraisal of the performance of the Executive
Directors based on a detailed performance evaluation, and
recommends the compensation payable to them, within the

parameters approved by the shareholders, to the Board for
their approval.

AUDITORS AND AUDITORS' REPORT

A. STATUTORY AUDITORS AND STATUTORY AUDITORS
REPORT

During the year under review, pursuant to the provisions of
Section 139 of the Companies Act, 2013 and the Companies
(Audit and Auditors) Rules, 2014 and in accordance with
the resolution passed by the members at the AGM held on
September 30, 2022, M/s. L.U. KRISHNAN & Co., Chartered
Accountants, Chennai (bearing FRN:001527S), and having office
at Sam's Nathaneal Tower, 3-1, West Club Road, Shenoy Nagar,
Chennai, 600030, Tamilnadu, India, were re-appointed as the
Statutory Auditors of the Company to hold office for a period of
five years from the conclusion of 05^th Annual General Meeting
(for the financial year 31.03.2022), to till the conclusion of 10^th
Annual General Meeting (for the financial year 31.03.2027) on
remuneration as may be agreed between the Board and the
Auditors. M/s. L.U. KRISHNAN & Co., Chartered Accountants,
have provided their consent and eligibility declaration for
appointment of Statutory Auditors of the Company from FY
2021-22 to FY 2026-27.

M/s. L. U. Krishnan & Co, Chartered Accountants, have
submitted their Report on the Financial Statements of the
Company for the FY 2024-25, which forms part of the Annual
Report 2024- 25. There are no observations (including any
qualification, reservation, adverse remark or disclaimer) of the
Auditors in the Audit Reports issued by them which call for any
explanation/comment from the Board of Directors.

Statutory Auditors of the Company have not reported any
fraud as specified under Section 143(12) of the Companies Act,
2013, in the year under review.

B. COST AUDITOR, COST RECORDS AND COST AUDIT/
COMPLIANCE

The Company has made and maintained cost accounts and
records as specified by the Central Government under Section
148(1) of the Companies Act, 2013.

For the financial year 2024-25, M/s N. Sivashankaran & Co.,
Cost Accountant, Chennai, Membership No-26818, Firm
Registration No: 100662, have conducted the audit of the cost
records of the Company.

In accordance with the provisions of Section 148 (6) of
Companies Act 2013 and rule 6(6) of the Companies (Cost
records and audit) Rules, 2014, and on the recommendation
of the Audit Committee, the Board has appointed M/s N.
Sivashankaran & Co., Cost Accountants, Chennai, Membership
No-26818, Firm Registration No: 100662, as the Cost Auditors
of the Company at such remuneration of H1,00,000/ (Rupees
One Lakh only) plus applicable taxes, reimbursement of out
-of pocket expenses and other incidental expenses incurred
for conducting such audit to Cost Auditors to the members
pursuant to the provisions of the Act. as shall be fixed by the
board of Directors of the Company to conduct the audit of the
cost records of the Company for the financial year 2025-2026.

C. SECRETARIAL AUDITORS AND SECRETARIAL AUDITORS
REPORT

M/s. SKD & Associates, Company Secretaries, (Firm Regn. No.
S2023TN958600) were appointed as Secretarial Auditors of the
Company for the financial year ended on 31^st March, 2025. The
secretarial audit report does not contain any qualification or
reservation or observation or adverse remark and the same is
self-explanatory and is annexed as Annexure III forming part
of this report.

The Board of Directors of the Company, based on the
recommendation made by the Audit Committee, and subject to
the approval of the shareholders of the Company at the ensuing
AGM, have approved the appointment of M/s. SKD & Associates,
as the Secretarial Auditors of the Company to conduct the

secretarial audit for a period of five consecutive years from the
financial year 2025-26 to the financial year 2029-30, in terms
of provisions of Regulation 24A of the Listing Regulations and
provisions of Section 204(1) of the Companies Act, 2013. M/s.
SKD & Associates has given consent and confirmed that he is
not disqualified from being appointed as the Secretarial Auditor
of the Company and satisfies the eligibility criteria. The profile
of the Secretarial Auditor is provided as part of the explanatory
statement to the AGM Notice.

The Secretarial Audit report submitted by them for the financial
year 2024-25 in the prescribed form MR-3 pursuant to the
provisions of Section 204 of the Act received from M/s. SKD
& Associates is provided in Annexure III forming part of this
report. The Secretarial Auditors' Report for the Financial year
2024-25 does not contain any qualification, reservation or
adverse remarks and the same is self-explanatory.

D. INTERNAL AUDITOR

As per section 138 of The Companies Act 2013 read with
Rule 13 of Companies (Accounts) Rules, 2014, the company
has Appointed M/s. K E K AND ASSOCIATES LLP, Chartered
Accountants, Chennai (FRN: S000082), as Internal Auditor to
conduct Internal Audit for the Financial Year 2025-2026. The
Internal Audit reports are periodically reviewed by the Audit
Committee.

DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS
OTHER THAN THOSE WHICH ARE REPORTABLE TO THE
CENTRAL GOVERNMENT

The Statutory Auditors, Cost Auditors or Secretarial Auditors of the
Company have not reported any frauds to the Audit Committee or
to the Board of Directors under section 143(12) of the Act, including
rules made there under.

INTERNAL FINANCIAL CONTROL SYSTEM

The Company has put in place an effective internal control system to
synchronise its business processes, operations, financial reporting,
fraud control, and compliance with extant regulatory guidelines
and compliance parameters. The Company ensures that a standard
and effective internal control framework operates throughout the
organization, providing assurance about the safekeeping of the
assets and the execution of transactions as per the authorization
in compliance with the internal control policies of the Company.

The internal control system is supplemented by extensive internal
audits, regular reviews by the management, and guidelines
that ensure the reliability of financial and all other records. The
management periodically reviews the framework, efficacy, and
operating effectiveness of the Internal Financial Controls of the
Company.

The Internal Audit reports are periodically reviewed by the Audit
Committee. The Company has, in material respects, adequate
internal financial control over financial reporting, and such controls
are operating effectively. Internal Audits are carried out to review
the adequacy of the internal control systems and compliance with
policies and procedures. Internal Audit areas are planned based
on inherent risk assessment, risk score, and other factors such
as probability, impact, significance, and strength of the control
environment. Its adequacy was assessed, and the operating
effectiveness was also tested.

COMPLIANCE TO THE SEXUAL HARASSMENT OF
WOMEN AT WORKPLACE (PREVENTION, PROHIBITION,
AND REDRESSAL) ACT, 2013 READ WITH THE SEXUAL
HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION,
PROHIBITION, AND REDRESSAL) RULES, 2013.

The Company has zero tolerance for sexual harassment at workplace
and has a mechanism in place for prevention, prohibition and
redressal of sexual harassment at workplace in line with the provisions
of the Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013 and the Rules made thereunder.
The Company is committed to provide equal opportunities without
regard to their race, caste, sex, religion, color, nationality, disability,
etc. All employees are treated with dignity with a view to maintain
a work environment free of sexual harassment whether physical,
verbal or psychological. All employees (permanent, contractual,
temporary, trainees) are covered.

The Company has in place an Anti-Sexual Harassment Policy in
line with the requirements of the Sexual Harassment of Women
at the Workplace (Prevention, Prohibition & Redressal) Act, 2013.
An Internal Complaints Committee (ICC) has been set up to redress
complaints received regarding sexual harassment at workplace.

The following is a summary of sexual harassment complaints
received and disposed off during the year 2024-2025.

DISCLOSURE WITH RESPECT TO THE COMPLIANCE OF
THE PROVISIONS RELATING TO THE MATERNITY BENEFIT
ACT, 1961

The Company has complied with the applicable provisions of the
Maternity Benefit Act, 1961, including the grant of maternity leave,
work-from-home options where applicable, and provision of creche
facilities as required. The Company remains committed to ensuring
a safe and supportive work environment for its women employees.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE
REGULATORS OR COURTS OR TRIBUNALS IMPACTING
THE GOING CONCERNS STATUS AND COMPANY'S
OPERATIONS IN FUTURE

The Company has not received any significant or material orders
passed by any regulatory authority, court or tribunal which shall
impact the going concern status and Company's operations in
future.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report for the year under
review, as stipulated under the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations,
2015 ("Listing Regulations"), is presented in a separate section,
forming part of the Annual Report.

CORPORATE SOCIAL RESPONSIBILITY (CSR)

In compliance with Section 135 of the Companies Act, 2013
read with the Rules made thereunder, the Company has formed
Corporate Social Responsibility ("CSR") Committee. The Company
has framed a Corporate Social Responsibility (CSR) Policy as required
under Section 135 of the Companies Act, 2013 read with Rule 8
of the Companies (Corporate Social Responsibility Policy) Rules,
2014, to oversee the CSR activities initiated by the Company. The
CSR Committee has adopted a CSR Policy in accordance with the
provisions of Section 135 of the Companies Act, 2013 and rules
made thereunder. The details of the CSR initiatives undertaken by
the Company during the FY 2024- 25 in the prescribed format are
annexed as Annexure- IV.

RISK MANAGEMENT

Pursuant to provisions of Section 134(3)(n) of the Companies
Act, 2013 and Regulation 17(9) & 21 of SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, the Company
has constituted the Risk Management Committee and laid down
a framework to inform the Board about the particulars of Risks
Identification, Assessment and Minimization Procedures. In the
opinion of the Board, there is no such risk, which may threaten the
existence of the Company.

During the year, such controls were tested and no material
discrepancy or weakness in the Company's internal controls over
financial reporting was observed.

Proper Risk Management Practices have been followed for the
purpose of risk identification, analysis, and mitigation planning,
monitoring, and reporting. Although, all risks cannot be eliminated,
but mitigation and contingency plans are developed to lessen their
impact if they occur.

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

The information pertaining to conservation of energy, technology
absorption, Foreign exchange Earnings and outgo as required under
Section 134 (3)(m) of the Companies Act, 2013 read with Rule 8(3) of
the Companies (Accounts) Rules, 2014 are provided in ANNEXURE
III to this Report.

POLICY ON DIRECTORS' APPOINTMENT AND
REMUNERATION

The Board, based on the recommendation of the Nomination and
Remuneration Committee, has framed a policy for the selection and
appointment of Directors and Senior Management Personnel and
their remuneration. The Company's policy relating to the Directors
appointment, payment of remuneration and discharge of their
duties is available on the website of the Company at https://www.
krishcastrapping.com/.

MANAGERIAL REMUNERATION, EMPLOYEE
INFORMATION AND RELATED DISCLOSURES

Employee relations continued to be cordial during the year under
review. The Company continued its thrust on Human Resources
Development The remuneration paid to Directors, Key Managerial
Personnel, and Senior Management Personnel during FY 2024-25
was in accordance with the NRC Policy of the Company. Disclosures
required under the provisions of Section 197(12) of the Act read with
Rule 5(1) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014, relating to the remuneration and
other details as required are annexed to this Report as ANNEXURE- IV.

RECEIPT OF REMUNERATION OR COMMISSION BY THE
MANAGING / WHOLE TIME DIRECTOR FROM ITS HOLDING
OR SUBSIDIARY COMPANY

The Company does not have any Holding as on 31^st March 2025.
However the Company is having two subsidiary companies viz.,
Krishca Total Packaging Solutions FZCO & Krishca Total Packaging
& Preservation Solutions Pte. Ltd and the Managing / Whole
Time Director have not received any remuneration from the said
subsidiaries during the year under review. Hence reporting under
this clause is not applicable.

BUSINESS RESPONSIBILITY AND SUSTAINABILITY
REPORT (BRSR):

The Business Responsibility and Sustainability Report pursuant
to Regulation 34(2)(f) of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 is not applicable to the Company
for the financial year ended on 31^st March, 2025.

CORPORATE GOVERNANCE

The Equity Shares of the Company are listed on the SME platform
(NSE-emerge) of NSE Limited. Regulation 27 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 relating
to Corporate Governance is not applicable to the Company listed on
the SME platform (NSE-emerge) of NSE. Accordingly, the Company
is not required to disclose information as covered under Para (C),
(D) and (E) of Schedule V of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015. The Company voluntarily adopted
various practices of governance conforming to highest ethical and
responsible standards of business and is committed to focus on long
term value creation for its shareholders. The Corporate Governance
practices followed by the Company is included as part of this Report.

COMMITTEES OF THE BOARD

The Board of Directors of your Company has constituted the following
committees in terms of the provisions of the Companies Act, 2013
and the SEBI (Listing Obligations and Disclosures Requirements),
Regulation, 2015:

As on 31^st March, 2025, the company has five Board level committees:

A) Audit Committee

B) Nomination and Remuneration Committee

C) Stakeholders Relationship Committee

D) Corporate Social Responsibility Committee

E) Risk Management Committee

The composition of various Committees of the Board of Directors is
available on the website of the Company. The Board is responsible for
constituting, assigning, co-opting and fixing the terms of reference
of various committees. Details on the role and composition of these
committees, including the number of meetings held during the
financial year and the related attendance are provided below.

A. AUDIT COMMITTEE

The Audit Committee of the Company consists of 3 Independent
Directors. The Chairman of the Audit Committee is financially
literate and majority of them having accounting or related
financial management experience. Company Secretary acts as
Secretary to the Committee.

During the Financial Year 2024-25, the Company held 04 (Four)
Audit Committee meetings, viz 27^th May, 2024, 10^th August,
2024, 12^th November, 2024 and 15^th March, 2025.

The composition of the Committee as on March 31,2025 and the details of meetings attended by its members during the financial year
2024-25 are given below:

All recommendations of Audit Committee during the year under review were accepted by the Board of Directors. The role and terms
of reference of the Committee are in consonance with the requirements mandated under Section 177 of the Companies Act, 2013 and
Listing Regulations and is available on the website of the Company at https://www.krishcastrapping.com/

B. NOMINATION AND REMUNERATION COMMITTEE

In pursuant to the provisions of section 178 (4) of the Companies Act, 2013, the Nomination and Remuneration Policy recommended
by the Nomination and Remuneration committee is duly approved by the Board of Directors of the Company. Policy is disclosed on
the website of the Company viz. https://www.krishcastrapping.com/.

During the Financial Year 2024-25, the Company held 2 (Two) Nomination and Remuneration Committee meeting on 27^th May, 2024
and 12^th November, 2024.

The composition of the Committee and the details of meetings attended by its members are given below:

The Company Secretary acted as the secretary of the Committee. The role and terms of reference of the Committee are in consonance
with the requirements mandated under Section 178 of the Companies Act, 2013 and Listing Regulations and is available on the website
of the Company at https://www.krishcastrapping.com/.

C. STAKEHOLDERS' RELATIONSHIP COMMITTEE

During the Financial Year 2024-25, the Company held 1 (One) Stakeholders' Relationship Committee meeting on 15^th March, 2025.
The composition of the Committee and the details of meetings attended by its members are given below:

The Company Secretary acted as the secretary of the Committee. The role and terms of reference of the Committee are in consonance
with the requirements mandated under Section 178 of the Companies Act, 2013 and Listing Regulations and is available on the website
of the Company at https://www.krishcastrapping.com/.

D. CORPORATE SOCIAL RESPONSIBILITY COMMITTEE

The Corporate Social Responsibility Committee has been formed by the Board of Directors, in terms of Section 135 of the Companies Act,
2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014 and Rule 9 of the Companies (Accounts) Rules 2014.

During the Financial Year 2024-25, the Company held 1 (One) Corporate Social Responsibility Committee meetings, viz 15^th March, 2025.

The composition of the Committee and the details of meetings attended by its members are given below:

The terms of reference of the CSR Committee includes formulation and recommendation to the Board, a "Corporate Social Responsibility
Policy" which shall indicate the activities to be undertaken by the Company as specified in Schedule VII of the Companies Act, 2013 and
the rules made thereunder, as amended, monitor the implementation of the same from time to time, and make any revisions therein
as and when decided by the Board;

The Company Secretary acted as the secretary of the Committee. The Corporate Social Responsibility Policy of the Company is available
on the website of the Company at https://www.krishcastrapping.com/.

E. RISK MANAGEMENT COMMITTEE

The Board of Directors of the Company have constituted a Risk Management Committee to inter-alia, assist the Board in overseeing
the responsibilities with regard to identification, evaluation and mitigation of operational, strategic and external environmental risks.
During the Financial Year 2024-25, the Company held 1 (One) Risk Management Committee meetings, viz 15^th March, 2025.

The composition of the Committee and the details of meeting attended by its members are given below:

The Company Secretary acted as the secretary of the Committee. The Risk Management policy of the Company is available on the
website of the Company at https://www.krishcastrapping.com/.

DECLARATION BY INDEPENDENT DIRECTORS

The Independent Directors have confirmed that they meet the criteria of independence laid down under Section 149(6) read with Schedule IV
of the Act and Regulation 16(1)(b) of the Listing Regulations and that they are not aware of any circumstance or situation, which exist or may
be reasonably anticipated, that could impair or impact their ability to discharge their duties with an objective independent judgment and
without any external influence. The board of directors have taken on record the declaration and confirmation submitted by the independent
directors after undertaking due assessment of the veracity of the same and is of the opinion that they fulfill the conditions specified in the
Act and the Listing Regulations and that they are independent of the management.

FAMILIARIZATION PROGRAMME FOR INDEPENDENT
DIRECTORS

The Independent Directors have been updated with their roles,
rights and responsibilities in the Company by specifying them
in their appointment letter along with necessary documents,
reports and internal policies to enable them to familiarise with the
Company's procedures and practices. The Company endeavors,
through presentations at regular intervals to familiarize the
Independent Directors with the strategy, operations and functioning
of the Company.

The details of such familiarization programmes for Independent
Directors are posted on the website of the Company and can be
accessed at https://www.krishcastrapping.com

TERMS AND CONDITIONS OF APPOINTMENT OF
INDEPENDENT DIRECTORS

The terms and conditions of appointment of Independent Directors
have been disclosed on the website of the Company https://www.
krishcastrapping.com.

SEPARATE MEETING OF INDEPENDENT DIRECTORS

Independent Directors of the Company met separately on March
29, 2025 without the presence of Non-Independent Directors
and members of Management. In accordance with the Listing
Regulations, read with Section 149 (8) and Schedule-IV of the Act,
following matters were, inter alia, reviewed and discussed in the
meeting:

i) Performance of Non-Independent Directors and the Board of
Directors as a whole;

ii) Performance of the Chairman of the Company taking into
consideration the views of Executive and Non-Executive
Directors;

iii) Assessment of the quality, quantity and timeliness of flow
of information between the Company Management and
the Board that is necessary for the Board to effectively and
reasonably perform their duties

All the Independent Directors were present at the meeting.

PERFORMANCE EVALUATION OF THE BOARD, ITS
COMMITTEES AND INDIVIDUAL DIRECTORS INCLUDING
INDEPENDENT DIRECTORS

Pursuant to applicable provisions of the Act and the Listing
Regulations, the Board, in consultation with its Nomination and
Remuneration Committee, has formulated a framework containing,
inter-alia, the criteria for performance evaluation of the entire Board
of the Company, its Committees and individual directors, including
Independent Directors. The framework is monitored, reviewed and

updated by the Board, in consultation with the Nomination and
Remuneration Committee, based on need and new compliance
requirements.

VIGIL MECHANISM AND WHISTLE-BLOWER POLICY

The Company has established a vigil mechanism and accordingly
framed a Whistle Blower Policy in accordance with the provisions
of Regulation 22 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 and Rule 7 of the Companies
(Meeting of the Board and its Power) Rules 2014. The policy enables
directors, employees and business associates to report unethical
behavior, malpractices, wrongful conduct, fraud, violation of
Company's code of conduct, leak or suspected leak of unpublished
price sensitive information without fear of reprisal for appropriate
action. Under the vigil mechanism, all directors, employees,
business associates have direct access to the Chairman of the Audit
committee. The whistle blower policy can be accessed at https://
www.krishcastrapping.com.

CODE FOR PREVENTION OF INSIDER-TRADING

Post listing of equity shares of the company, in accordance with SEBI
(Prohibition of Insider Trading) Regulations, 2015, the Company has
in place the following: -

1. Code of Conduct for Prevention of Insider Trading and Code
of Practices and Procedures for Fair Disclosure of Unpublished
Price Sensitive Information (UPSI).

2. Policy for determination of "legitimate purposes" forms part of
this Code.

3. Policy and procedures for inquiry in case of leak of UPSI/
suspected leak of UPSI

All compliances relating to Code of Conduct for Prevention of Insider
Trading which includes maintenance of structural digital data base
(SDD) are being managed through a software installed by the
Company in-house including maintenance structural digital data
base (SDD). This code lays down guidelines advising the designated
employees and other connected persons, on procedures to be
followed and disclosures to be made by them while dealing with
the shares of the company, and while handling any unpublished
price sensitive information.

CODE OF CONDUCT

Commitment to ethical professional conduct is a must for every
employee including Board members and senior management
personnel of the company. The duties of Directors including duties
as an Independent Director as laid down in the Act also forms
part of the Code of Conduct. The Code of Conduct is available on
the website of the Company https://www.krishcastrapping.com.
All Board members and senior management personnel affirm
compliance with the Code of Conduct annually.

POLICIES OF THE COMPANY

The Company is committed to good corporate governance and has
consistently maintained its organizational culture as a remarkable
confluence of high standards of professionalism and building
shareholder equity with principles of fairness, integrity and ethics.
The Board of Directors of the Company have from time to time
framed and approved various Policies as required by the Companies
Act, 2013 read with the Rules issued thereunder and the Listing
Regulations. These Policies and Codes are reviewed by the Board
and are updated, if required. The aforesaid policies can be accessed
at https://www.krishcastrapping.com.

REGISTRAR AND TRANSFER AGENT (RTA)

The Company appointed Purva Share Registry (India) Private Limited
as its RTA. Details of the RTA are given below.

Purva Share Registry (India) Private Limited

CIN: U67120MH1993PTC074079

No 9, Shiv Shakti Industrial Estate, Mumbai - 400011,

Maharashtra, India

Tel: 91 022 2301 8261, Fax No: 91 022 2301 2517
E-mail: support@purvashare.com ,

Website: www.purvashare.com

DEMATERIALISATION OF SHARES

The Company has entered into tripartite agreements for
dematerialization of equity shares with the Purva Share Registry (I)
Private Limited, National Securities Depository Limited and Central
Depository Services (India) Limited. As on March 31,2025, the shares
of the Company held in demat form represents 100% of the total
issued and paid-up capital of the Company.

The Company ISIN No. is INE0NR701018.

POSTAL BALLOT

During the year under review, no resolution was passed through
postal ballot.

PENALTIES

There were no penalties, strictures imposed on the company by
stock exchange(s) or SEBI or any statutory authority, on any matter
related to capital markets, during the year.

SCORES

SEBI processes investor complaints in a centralized web-based
complaints redressal system i.e. SCORES. Through this system
a shareholder can lodge complaint against a company for his
grievance. The company uploads the action taken on the complaint
which can be viewed by the shareholder. The company and
shareholder can seek and provide clarifications online through SEBI.

ONLINE DISPUTE RESOLUTION (ODR) PORTAL

As per the SEBI circular no. SEBI/HO/OIAE/OIAE_IAD-1/P/
CIR/2023/145 dated 31^st July, 2023, on "Online Resolution of
Disputes in the Indian Securities Market" a common Online Dispute
Resolution Portal ("ODR Portal") which harnesses online conciliation
and online arbitration for resolution of disputes arising in the Indian
Securities Market.

RECONCILIATION OF SHARE CAPITAL AUDIT

Pursuant to Regulation 76 of Securities and Exchange Board of
India (Depositories Participants) Regulations, 2018 [erstwhile SEBI
circular No. D&CC /FIT TC/CIR-16/2002 dated December 31, 2002
read with Securities and Exchange Board of India (Depositories
Participants) Regulations, 1996], a Company Secretary in Practice
carries out audit of Reconciliation of Share Capital on quarterly basis
to reconcile the total admitted equity share capital with the National
Securities Depository Limited (NSDL) and the Central Depository
Services (India) Limited (CDSL) and the total issued and listed
equity share capital. The audit report confirms that the total issued/
paid-up capital is in agreement with the total number of shares in
physical form and the total number of dematerialized shares held
with NSDL and CDSL. The said report, duly signed by practicing
company secretary is submitted to stock exchanges where the
securities of the company are listed within 30 days of the end of each
quarter and this Report is also placed before the Board of Directors
of the company.

CREDIT RATING

There were no instances during the year which requires the company
to obtain credit rating from any credit rating agencies.

DETAILS OF APPLICATION MADE OR ANY PROCEEDING
PENDING UNDER THE INSOLVENCY AND BANKRUPTCY
CODE, 2016 (31 OF 2016) DURING THE YEAR
ALONGWITH THEIR STATUS AS AT THE END OF THE
FINANCIAL YEAR

The Company has not made any application or no proceeding is
pending under the Insolvency and Bankruptcy Code, 2016 during
the Financial Year and hence not being commented upon.

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 Financial Year under review, there has been no incident
of one time settlement for loan taken from the banks of financial
institutions and hence not being commented upon.

DISCLOSURE OF CERTAIN TYPES OF AGREEMENTS
BINDING LISTED ENTITIES

As per the information available with the Company, there are no
agreements entered into by the shareholders, Promoters, Promoters
Group entities, Related Parties, Directors, Key Managerial Personnel,
Employees of the Company, its subsidiaries and associates
companies which are binding the Company in terms of clause 5A of
Para A of Part A of Schedule III of the Listing Regulations.

GREEN INITIATIVES

In commitment to keeping in line with the Green Initiative and going
beyond it to create new green initiations, an electronic copy of the
Notice of the 8^th Annual General Meeting of the Company along
with a copy of the Annual Report is being sent to all Members whose
email addresses are registered with the Company/ Depository
Participant(s) and will is also available at the Company's website at
https:// krishcastrapping.com

INVESTOR GRIEVANCE REDRESSAL

During the period since listing of shares of the company to the
date of this report, there were no complaints received from the
investors. The designated email id for Investor complaint is cs@
krishcastrapping.com.

COMPLIANCE OFFICER DETAILS AND ADDRESS FOR
CORRESPONDENCE

Ms. Diya Venkatesan,

Company Secretary & Compliance Officer
Registered office:

Building 01B,

LOGOS Mappedu Logistics Park Satharai Village,

Thiruvallur Taluk, Thiruvallur,

Tamil Nadu- 631203,

Contact No. 91 9094575375;

E-mail: cs@krishcastrapping.com.

BUSINESS LOCATIONS

As on March 31,2025, the company has its place of business (Factory
Unit) in the following location:

THIRUVALLUR, Building 01B, LOGOS Mappedu Logistics

TAMILNADU Park Satharai Village, Thiruvallur Taluk,

Thiruvallur, Tamil Nadu- 631203

ACKNOWLEDGEMENT

The Board of Directors would like to express their sincere appreciation
for the assistance and co-operation received from the government
and regulatory authorities, stock exchange, financial institutions,
banks, business associates, customers, vendors, members, for their
co-operation and support and looks forward to their continued
support in future. The Board of Directors wish to place on record
its deep sense of appreciation for the committed services by all the
employees of the Company.

By Order of the Board of Directors

For KRISHCA STRAPPING SOLUTIONS LIMITED

Sd/- Sd/-

JAGAJYOTI NASKAR LENIN KRISHNAMOORTHY BALAMANIKANDAN

Place: Chennai Whole-Time Director & CEO Chairman & Managing Director

Date: 06/09/2025 DIN: 09541125 DIN: 07941696