Your Directors are pleased to present the 30^th Annual Report along with the audited financial statements for the financial year
ended March 31, 2025.

* Exceptional item pertains to gain on account of capital reduction of wholly owned subsidiary (TESL)

No material changes and commitments affecting the financial
position of the Company have occurred between the end of
the financial year of the Company to which these financial
statements are related to and the date of this report.

Business Operations

The Company has reported another year of strong
performance in FY 25 driven by exports and product sales. On
a consolidated basis, revenue from operations during the year
was ' 20,058 million, an increase of 21% over the previous
year figure of ' 16,539 million. Revenue from exports was
' 9,670 million, an increase of 26% over the previous year's
figure of ' 7,676 million. Exports contribution to sales improved
from 46% in the previous year to 48% in FY 25, a testament
to the Company's strategic efforts in internationalization and
commitment to serving a global customer base.

Operating profit (EBITDA) was higher by 36% at ' 5,177 million
against the previous year's EBITDA of ' 3,810 million.
Operating margins of the Company have improved due to
optimisation of costs across the value chain and a favourable

sales mix. Consequently, the Company reported 33% growth
in Profit After Tax. Higher margins further bolstered cash
flows and strengthened the liquidity position.

During the year, the Product order booking grew a remarkable
38% driven by strong demand from the renewable energy
sector, industrial clients, power producers and API turbines.
International markets supported the strong increase in order
booking, with orders secured across broad power ranges
from key regions including the Middle East, Europe, North
America, Southeast Asia and Africa. Domestically, product
order booking was supported by the Company's strategic
foray into CO₂ energy storage solutions. The API enquiry base
also expanded geographically, resulting in order finalizations
for both drive and power turbines across MENA, Southeast
Asia, Central & South America and Europe. As a result, the
Company achieved its highest-ever annual Product order
booking for the fourth consecutive year, representing a key
milestone in its pursuit of sustainable and innovative energy
storage solutions.

The Aftermarket segment witnessed a notable increase in new,
repeat, and referral orders. The Company is expanding its
global presence and diversifying its offerings, which positions
it well from a growth perspective in the upcoming years. The
enquiry pipelines in both Product and Aftermarket segments
remains robust and globally diversified, providing strong
visibility for future growth. The Company's accomplishments
in API, Power and Drive segment are notable and the enquiry
pipeline is on growth trajectory. This is underpinned by a
robust culture of innovation, customer centricity, operational
excellence, safety, and quality assurance.

The Company added assembly and repair facility for rotating
machinery in Houston, Texas -USA. This facility will enhance
operational reach and capabilities to serve the clientele
of Americas Region with comprehensive lifetime service
solutions for the rotating equipment fleet of any make any age.
In addition, this facility is designed to handle the packaging
requirement of STGs for Americas Region customers, as
needed. This is in addition to the Company's assembly
and repair facility facilities in South Africa. The Company is
actively exploring the establishment of similar facilities across
various regions.

The Company expanded its product portfolio with high¬
speed, efficient and reduced footprint product line. The
Company continues its efforts in developing efficient blade
families with testing and validation by globally reputed
turbomachinery laboratories. The validation test features
hundreds of internal measurement points to aid deep-tech
analysis of the module behavior at both design and off-
design operating environments.

In the current fiscal year, the Company successfully completed
the mechanical run test of its first CO₂ turboexpander of
20 MW capacity for the European Market. This is a major
milestone in the Company's journey towards sustainable CO₂
based turbomachinery solutions.

The Company has made strides in the advancement of
supercritical CO₂ turbine technology by getting its design
validated by an independent, applied research & development
organization based in the USA.

The Company continues to expand development work in
heat pump & chiller solutions with natural refrigerants (like
CO₂) and Hydrofluoric Olefin (HFOs) for industrial heating
and cooling solutions.

Dividend

Pursuant to the requirements of the regulation 43A of
SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015 (“Listing Regulations”), the Company
has adopted a Dividend Distribution Policy. This Policy has
been uploaded on the website of the Company and can be
accessed at http://www.triveniturbines.com/key-policies.

The Board of Directors in its meeting held on January 31, 2025
declared an interim dividend of 200% ('2.00 per equity share)
based on the criteria set forth in the Dividend Distribution
Policy, which were paid subsequently. In addition, the Board
of Directors has recommended a final dividend of 200% ('2.00
per equity share) for the FY 25. The total dividend for the fiscal
year 2024-25 is 400% ('4.00 per equity share), including the
interim dividend.

Transfer to reserves

The Company does not propose to transfer any amount to
general reserve.

Share Capital

During the year, there has been no change in the share
capital of the Company and the issued, subscribed and paid-
up share capital of the Company is ' 317.88 million divided
into 31,78,76,913 equity shares of ' 1/- each.

Subsidiaries/Joint ventures

As required under Section 129 of the Companies Act, 2013
(“Act”), read with the Companies (Accounts) Rules, 2013,
a statement highlighting the salient aspects of the financial
statements of subsidiaries/joint ventures is submitted as
Annexure A to the Board's Report in the standard format
AOC-1.

The Hon'ble National Company Law Tribunal, Bengaluru
Bench, has vide its order dated October 22, 2024 approved
the reduction of share capital of Triveni Energy Solutions
Limited (‘TESL'), a Wholly Owned Subsidiary of the Company,
from '16 Crores consisting of 1,60,00,000 equity shares
of '10/- each to ' 8 Crores consisting of 80,00,000 equity
shares of '10/- each by reducing 80,00,000 equity shares of
'10/- each for a total consideration of '44 Crores. The entire
paid up share capital of TESL is held by the Company and
the same continues to be its wholly owned subsidiary.

The financial statements of the subsidiaries have been placed
on the Company's weblink at https://www.triveniturbines.com/
investors/financials/annual-reports-subsidiaries/. The report
on the growth trends and outlook of those subsidiaries which
impact your Company's performance reasonably are captured
in the Management Discussion and Analysis (financial review
section) of this report. During the year, no company became
or ceased to be the Company's subsidiaries, joint ventures
or associates.

The Company has formulated a policy for determining
material subsidiaries and the same has been uploaded on
the website of the Company at http://www.triveniturbines.
com/key-policies.

Consolidated Financial Statements

Your Directors have attached the Consolidated Financial
Statements of the Company for the financial year ended
March 31, 2025, prepared in accordance with the applicable
Ind AS, which form a part of the Annual Report, in accordance
with the provisions of the Act and Indian Accounting
Standards (Ind AS) as specified in Section 133 of the Act
and Regulation 34 of the Listing Regulations read with other
applicable provisions.

The financial statements, including consolidated financial
statements and accounts for each of the subsidiaries
are available on the Company's website at https://www.
triveniturbines.com/investors/financials/annual-reports
subsidiaries/.

Directors' Responsibility Statement

Pursuant to Section 134(5) of the Act, your Directors
confirm that:

a) 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;

b) 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 the end of the financial year and of the profit of the
Company for that period;

c) They 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) They have prepared the annual accounts on a ‘going
concern' basis;

e) They 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) They have devised proper systems to ensure compliance
with the provisions of all applicable laws and that such
systems are adequate and operating effectively.

Corporate Governance

In accordance with the Listing Regulations, a separate report
on Corporate Governance is given in Annexure B along with
the Auditors' Certificate on its compliance in Annexure C to
the Board's Report. The Auditors' Certificate does not contain
any qualification, reservation and adverse remark.

Related Party Transactions

In terms of Section 188(1) of the Act, all related party
transactions entered into by the Company during the FY 25
were carried out with prior approval of the Audit Committee
and the approval of the Board, wherever required.

The Company has formulated a Related Party Transactions
Policy which has been uploaded on its website at http://
www.triveniturbines.com/key-policies. The Company strives
to enter into related party transactions on a commercial and
arm's length basis in order to optimize the overall resources
of the group.

According to the Company's policy on the materiality of
related party transactions, the Company had not entered into
any contract/arrangement/transaction with related parties that
may be considered material. This Report does not include
Form AOC-2 since there was no related party transaction that
required disclosure under Section 134(3)(h) of the Act and
Rule 8(2) of the Companies (Accounts) Rules, 2014.

Risk Management Policy and Internal Financial
Control

As prescribed in section 134(3)(n) of the Companies Act 2013,
Enterprise Risk Management Framework & Policy, 2021 (ERM
Policy) is in place to provide guidance on risk management
activities of the Company. Implementation of the ERM Policy
was reviewed by the Risk Management Committee (RMC)
twice during the year. The RMC formulated as per the
requirements of section 21 of the Listing Regulations met with
requisite quorum and at intervals prescribed therein.

The Company has strengthened the Enterprise Risk
Management framework & policy by mandating the
requirement of a contingency plan for high rated risks and
defining trigger points for the activation of the business
continuity plan. The robust risk management system is in
place to identify, prioritize, mitigate and monitor the risks
and opportunities in a volatile and uncertain business
environment. With a strong governance mechanism, this
ensures achievement of strategic goals and business
growth and create value for the customers. The Company
is committed to strengthening the risk practices through
ongoing learning, improvement and participation of all
stakeholders including employees.

At Triveni Turbines, risk management has been an integral
part of the order-to-remittance (OTR) process and other
key decision-making. To strengthen risk management and
enhance proactiveness, the Company has formulated and
implemented procedure for risk identification & treatment
during the bidding stage so that risk is taken up early in
its life cycle. The Company continues to undertake major
business initiatives with complete assessment of all ensuing
risks and opportunities. The Company is investing in new
technology and products, wary of the risk which comes along
with entry into these new business lines and continues to
evaluate & treat the risk pertaining to supply chain readiness
and technology readiness for new business streams.

To address the major challenges confronting the Company,
key leading indicators are formulated to quantify & monitor
risks and formulate risk control measures. These Key
Risk Indicators (KRIs) provide risk analytics that help
managers secure good understanding of the risk trends and
effectiveness of control measures.

Proactive risk management has been a key factor in improving
the Company's ability to maintain sustainable growth and fulfil
the expectations of stakeholders. This, matched with the
Company's risk appetite, strikes the right balance between
the various threats and opportunities explored by Triveni
Turbines for mapping its growth path.

Some of the key risks managed by the Company during the
year are listed below:

New Product development:

The Company continues to invest in the development of
energy-efficient products and products with reduced carbon
footprints and cater to the ever-increasing demands of growth
segments (thermal renewables, oil & gas). The Company's new
product development team has been successfully innovating
new products in the renewable market space and following a
structured way of developing technology readiness.

Macro-economic factors:

Like any other capital industry, our business is dependent on
the health of the world economy. The company is venturing
into alternate product development to diversify the product
basket which enables us to de-risk the impact of economy
onto growth of the revenue. The Company continues to track
macro-economic factors, and make tactical adjustment.

Customer Satisfaction & Reputation:

With the development and launch of new products and
increasing service level & technology advancement demand
from the new customers, the Company strives to maintain
customer satisfaction. In this regard, the Company continues

to invest in quality and reduce the waste & rejection in the
engineering and manufacturing.

Enhancing efficiency and preparedness of Supply
Chain:

As the Company continues to develop new technology and
products, it faces challenges in preparing the supply chain
ready for new products, which affects its ability to deliver the
right product at the right time. The Company has given special
focus on vendor development and collaboration with vendors
to create an efficient supply chain which includes initiatives
like strategic procurement and vendor managed inventory.

Enabling responsible growth with ESG
mindfulness:

The Company has an active EHS program that is certified
with ISO 14001, ISO 45001 and IGBC Platinum rating.
Extending its responsible conduct towards the growing
demands of other stakeholders, the Company has aligned
its growth with ESG mindfulness by developing products that
are not just energy-efficient but also cater to the growing
thermal renewable energy segment. Further, by investing
in the development of CO₂ turbines and heat pumps, the
Company is ensuring that its future is aligned with the global
quest for a greener tomorrow.

The Company has defined policies and standard operating
procedures for all key business processes to guide business
operations in ethical and compliant manner. Compliance to
these policies is ensured through periodic self-assessment
as well as internal and statutory audits.

The Board reviews the internal processes, systems and the
internal financial controls and accordingly, the Directors'
Responsibility Statement contains a confirmation as regards
adequacy of the internal financial controls. Assurances on
the effectiveness of Internal Financial Controls is obtained
through management reviews as well as testing of the internal
financial control systems by the internal auditors during the
course of their audits. The Company believes that these
systems provide reasonable assurance that its internal
financial controls are designed effectively and are operating
as intended.

Directors and Key Managerial Personnel (KMP)

Mr. Arun P. Mote, who was liable to retire by rotation,
expressed his unwillingness to be re-appointed as Director
at the 29^th Annual General Meeting (‘AGM') of the Company.
Consequently, he ceased to be an Executive Director (Key
Managerial Personnel) of the Company with effect from the
conclusion of the 29^th AGM held on September 13, 2024.

The Board extends its sincere gratitude and appreciation
to Mr. Arun Mote for the valuable guidance and unwavering
support during his association as Executive Director of
the Company.

Pursuant to provisions of the Act, Mr. Tarun Sawhney
(DIN: 00382878) retires by rotation at the ensuing AGM of
the Company.

Mr. Dhruv M. Sawhney, Chairman and Managing Director
of the Company, during the FY 25, was paid remuneration
from the Company with effect from November 1, 2024. For
the period started from April 1, 2024 to October 31, 2024,
Mr. Sawhney was paid remuneration from Triveni Turbines
DMCC (wholly owned subsidiary of the Company). The same
was in line with the approval of the Shareholders obtained via
postal ballot dated May 3, 2024.

Mr. Vijay Kumar Thadani, Non-Executive Independent
Director, will attain the age of 75 years on February 15,
2026 and for his continued association as a Non-Executive
Independent Director on the Board of Directors of the
Company, the approval of shareholders is being sought by
way of a Special Resolution in the ensuing AGM in accordance
with the Regulation 17(1A) of the Listing Regulations.

Brief resume and other details for the above said Directors
have been furnished in the ‘Annexure A' of the Notice of AGM.

None of the Directors on the Board of the Company has been
debarred or disqualified from being appointed or continuing
as directors of companies by the Securities and Exchange
Board of India, Ministry of Corporate Affairs or any other
statutory authority.

The Company has received declarations of Independence in
terms of Section 149 of the Act and the Listing Regulations
from all the Independent Directors and the same have been
taken on record by the Board of Directors. As required under
the provisions of Section 203 of the Act, the Key Managerial
Personnel, namely, the Chairman & Managing Director, the
Vice Chairman & Managing Director, the Chief Financial
Officer, Chief Executive Officer, Chief Operating Officer and
the Company Secretary continue to hold that office as on the
date of this report.

Board Evaluation Mechanism

Pursuant to the provisions of the Act and Listing Regulations,
the Board has carried out an annual performance evaluation
of its own performance, those of individual Directors,
as well as, of its committees. The evaluation criteria as
defined in the Nomination and Remuneration Policy of the
Company, covered various aspects of the Board, such as
composition, performance of specific duties, obligations

and governance. The performance of individual Directors
was evaluated on parameters, such as number of meetings
attended, contribution made in the discussions, contribution
towards formulation of the growth strategy of the Company,
independence, application of judgement, safeguarding the
interest of the Company and minority shareholders, time
devoted apart from attending the meetings of the Company,
active participation in long-term strategic planning, ability to
contribute by introducing best practices to address business
challenges and risks etc. The Directors have expressed their
satisfaction with the evaluation process.

Policy on Directors' appointment and
remuneration

The Nomination and Remuneration Policy of the Company
on the appointment and remuneration of the Directors as
approved by the Board including criteria for determining
qualifications, positive attributes, independence of a director
and other matters provided under sub-section (3) of Section
178 of the Act and Listing Regulations has been uploaded
on the website of the Company at http://www.triveniturbines.
com/key-policies. The remuneration paid to the Directors is
as per the terms laid out in the policy.

Board Meetings

During the year, 5 (five) Board Meetings were held, the details
of which are given in the Corporate Governance Report that
forms part of the Board's Report. The maximum interval
between the two meetings did not exceed 120 days as
prescribed in the Act and Listing Regulations.

Statutory Auditors and Audit Report

M/s. Walker Chandiok & Co LLP (ICAI Firm Registration
No.001076N/N500013), were re-appointed as Statutory
Auditors of the Company at the 27^th AGM to hold office for
another term of five consecutive years until the conclusion of
32^nd AGM of the Company, which will be held in the year 2027.

The Auditors' report for the FY 25 does not contain any
qualification, reservation or adverse remark. Further pursuant
to Section 143(12) of the Act, the Statutory auditors of the
Company have not reported any instances of fraud committed
in the Company by its officers or employees, the details of
which would need to be mentioned in the Board's Report.

Cost Auditor

In terms of the provisions of Section 148 of the Act, read
with the Companies (Audit and Auditors) Rules, 2014 and
the Companies (Cost Records and Audit) Rules, 2014 duly
amended, cost audit is applicable to the Company. The
Company has been maintaining cost accounts and records
in respect of applicable products.

M/s. J.H. & Associates, Cost Accountants, Bengaluru were
appointed as Cost Auditors for conducting the audit of cost
records of the Company for the FY 25. The Cost Auditors will
submit their report for the FY 25 on or before the due date.
Further, there were no frauds reported by the Cost Auditors
under Section 143(12) of the Act.

The Board approved the appointment of M/s. J.H. &
Associates, Cost Accountants, Bengaluru as the Cost
Auditors to conduct the cost audit of your Company for the
FY 26. Further, since the remuneration payable to the Cost
Auditors is required to be ratified by the shareholders, the
Board recommends the same for approval by members at
the ensuing AGM.

Secretarial Auditor

In terms of Section 204 of the Act, read with the Companies
(Appointment and Remuneration of Managerial Personnel)
Rules, 2014, the Board appointed M/s. Sanjay Grover &
Associates, Company Secretaries to undertake the Secretarial
Audit of the Company for the FY 25. The report on secretarial
audit is enclosed as Annexure D to the Board's Report. The
report does not contain any qualification, reservation or
adverse remark. Further, there were no frauds reported by
the Secretarial Auditor under Section 143(12) of the Act.

Further, as per Section 204 of the Companies Act, 2013
read with the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014 and Listing Regulations
read with SEBI (Listing Obligations and Disclosure
Requirements) (Third Amendment) Regulations, 2024, the
Board has recommended the appointment of M/s. Sanjay
Grover & Associates, Company Secretaries, a peer reviewed
firm bearing certificate no. 6311/2024 as the Secretarial
Auditors of the Company for a term of 5 (five) years from the
conclusion of the 30^th AGM till the conclusion of 35^th AGM.

Corporate Social Responsibility (CSR)

A CSR policy formulated by the CSR Committee is available
on the Company's website at http://www.triveniturbines.
com/key-policies. The composition of the CSR Committee
and Annual Report on CSR Activities during FY 25 as
recommended by the CSR Committee and approved by the
Board is provided in Annexure E to the Board's Report.

Audit Committee

The composition of the Audit Committee is provided in
the Corporate Governance Report that forms part of this
Annual Report.

Vigil Mechanism

The Company has established a vigil mechanism through a
Whistle Blower Policy and through the Audit Committee to
oversee genuine concerns expressed by the employees and

other directors. The Company has also provided adequate
safeguards against victimization of employees and directors
who may express their concerns pursuant to this policy. The
Company has also provided a direct access to the Chairman
of the Audit Committee on reporting issues concerned with
the interests of the employees and the Company. The policy
has been uploaded on the website of the Company at http://
www.triveniturbines.com/key-policies.

Disclosure under the Sexual harassment of
Women at Workplace (Prevention, Prohibition
and Redressal) Act, 2013

The Company has an Anti-Sexual Harassment policy in line
with the requirements of the Sexual Harassment of Women
at the Workplace (Prevention, Prohibition and Redressal) Act,
2013. The Internal Complaints Committee (ICC) has been
set up to address complaints received regarding sexual
harassment. During the period under review, no complaint
was received by the ICC.

Particulars of loans, guarantees or investments
made under Section 186 of the Companies Act,
2013

Note No. 5 of the standalone financial statements of the
Company included in the Annual Report, provides the
particulars of the investments made by the Company in the
security of other bodies corporate. The Company has neither
given any loans nor provided any security in connection with
a loan to any body corporate or person.

Conservation of energy, technology absorption,
foreign exchange earnings and outgo

The particulars required under Section 134(3)(m) of the Act,
read with the relevant rules, are provided in Annexure F to
the Board's Report.

Particulars of Employees

The information as required under Section 197 of the
Act, read with Rule 5(1) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014
is provided in Annexure G to the Board's Report. The
particulars of employees drawing remuneration in excess of
limits set out in the Rule 5(2) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, are
provided in Annexure H to the Board's Report. However,
as per the provisions of Section 136 of the Act, the Annual
Report is being sent to all the members of the Company,
excluding the aforesaid information. The said information is
available for inspection by the members at the registered
office of the Company, up to the date of the ensuing Annual
General Meeting. Any member interested in obtaining such
particulars may write to the Company Secretary at the
registered office of the Company.

Employees Stock Option

In order to motivate, incentivise and reward the employees,
the Company implemented Triveni Turbine Ltd. - Employee
Stock Unit Plan 2023 (‘LTIP 2023') in the previous FY 24.

There is no material change in the LTIP 2023 after its
implementation during the FY 25. The LTIP 2023 is in
compliance with the Act and SEBI (Share Based Employee
Benefits and Sweat Equity) Regulations, 2021 and the
disclosures relating to the LTIP 2023 as required under
the abovementioned SEBI Regulations are available on
the Company's website https://www.triveniturbines.com/
investors/shareholders-information/esop-disclosures/.

The certificate of Secretarial Auditor confirming compliance
of the LTIP 2023 with the Act and above mentioned SEBI
ESOP Regulations is given in Annexure I to this Report.

Management Discussion and Analysis Report

In terms of provisions of Regulation 34 of the Listing
Regulations, the “Management Discussion and Analysis
Report” forms part of this Annual Report.

Business Responsibility and Sustainability Report
(BRSR)

The Listing Regulations mandate top 1000 listed entities
based on the market capitalisation as on March 31 of every
financial year, to include the BRSR as part of the Directors'
Report of the Company. The report in the prescribed form is
annexed as Annexure J to the Board Report.

Secretarial Standards

The Company has devised proper systems to ensure
compliance with the provisions of all applicable Secretarial
Standards issued by the Institute of Company Secretaries
of India and that such systems are adequate and
operating effectively.

Deposits

The Company has not accepted any public deposits under
Section 73 of the Act.

Annual Return

The Annual Return of the Company for the financial year
2024-25 is available on the Company's website at www.
triveniturbines.com.

Significant and material orders/general
disclosures

There are no significant and material orders passed by
regulators or courts or tribunals impacting the going concern
status and the Company's future operations. During the
year under review, neither any application was made nor

any proceeding is pending against the Company under
the Insolvency and Bankruptcy Code, 2016. Further, there
was no instance of one-time settlement with any bank or
financial institution.

During FY 25, there was no change in the nature of Company's
business. The Company has not issued any equity shares
with differential rights as to dividend, voting or otherwise.
Further, there was no issue of shares (including sweat equity
shares) to employees of the Company under any scheme.

Human Resources

Our People strategy is a cornerstone of our commitment to
excellence, innovation, and customer-centricity. By nurturing
internal talent, engaging our workforce, embracing diversity,
investing in continuous learning, attracting top talent, and
collaborating with academia, we are well-equipped to meet
future business challenges and maintain our leadership
position in a dynamic global market.

Adaptive People Strategy: Nurturing Internal
Talent and Integrating External Expertise

In today's rapidly evolving business landscape, an adaptive
people strategy is essential for organizational success. Our
approach balances internal talent development with strategic
external hiring to create a dynamic, resilient workforce
prepared for future challenges.

Building Excellence: Our Strategic Talent
Acquisition Approach

Our talent acquisition strategy focuses on attracting individuals
who are both skilled and aligned with our company's values
and vision. We've created efficient, candidate-friendly hiring
processes that ensure positive experiences from the start.

Continuous Learning: Powering Employee Growth

We stay invested in upskilling our people to maintain
their competitive edge. Our comprehensive learning
programs cover technical skills, functional skills, leadership
development, and people skills enhancement. This
commitment to continuous learning boosts employee
engagement and retention while enhancing productivity and
overall performance in today's competitive landscape.

Industry-Academia Collaboration: Bridging the
Gap Between Education and Industry

We recognize the immense value of collaborating with
academic institutions to bridge the gap between education
and industry needs. These partnerships provide access
to talented students, support R&D efforts, and facilitate
knowledge exchange.

Embracing Diversity: Cultivating an Inclusive
Workplace

We are committed to fostering a diverse and inclusive
workplace that reflects our global customer base. Our diversity
initiatives include targeted recruitment strategies, unbiased
hiring practices, and cultural competence training programs.

Appreciation

Your directors wish to take this opportunity to express their
sincere appreciation to all the stakeholders, customers,
suppliers, shareholders, employees, the Central Government,
the Karnataka Government, foreign government(s), financial
institutions, banks and all other business associates for their

whole-hearted support and co-operation. We look forward to
their continued support and encouragement.

Dhruv M. Sawhney

Place: Noida Chairman and Managing Director

Date: May 10, 2025 DIN: 00102999