Your Directors have pleasure in presenting the 13^th (Thirteenth) Annual Report on the business and
operations of your Company together with the Audited Financial Statements for the Financial Year
ended March 31, 2026.

1. ANNUAL RETURN

Pursuant to the provisions of Section 92(3) of the Companies Act, 2013 read with the Companies
(Management and Administration) Rules, 2014, a copy of the Annual Return in the prescribed form
for the Financial Year ended March 31, 2026, will be filed with the Registrar of Companies and is also
made available on the Company''s website at https://globalpetind.com/annual-return/.

2. DISCLOSURES WITH REGARD TO MEETINGS OF THE BOARD AND ITS COMMITTEES

(a) BOARD MEETINGS

(b) COMMITEE MEETINGS

3. DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant to the provisions of Section 134(5) of the Companies Act, 2013, in relation to the Audited
Financial Statements of the Company for the Financial Year ended March 31, 2026, the Board of
Directors, to the best of their knowledge and belief and based on the information and explanations
received, hereby confirm that:

a) in the preparation of the annual financial statements for the year ended March 31, 2026, the
applicable accounting standards have been followed and there are no material departures;

b) the Directors 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 as at March 31, 2026, 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 Companies Act, 2013, for
safeguarding the assets of the Company and for preventing and detecting fraud and other
irregularities;

d) the Annual Financial Statements have been prepared 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 were adequate and operating effectively; and

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

4. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SECTION 143 (12) OF THE ACT

During the year under review, pursuant to the provisions of Section 143(12) of the Companies Act,
2013 read with the rules made thereunder, the Statutory Auditors and Secretarial Auditors of the
Company have not reported any instances of fraud involving officers or employees of the Company to
the Audit Committee or the Board of Directors.

5. DISCLOSURE OF STATEMENT OF DECLARATION BY INDEPENDENT DIRECTORS UNDER SECTION
149(6) OF THE ACT

The Company has received declarations from all Independent Directors pursuant to Section 149(7) of
the Companies Act, 2013 and Regulation 25 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, confirming that they meet the criteria of independence as laid down
in Section 149(6) of the Act and Regulation 16(1)(b) of the said Regulations. The Independent Directors

have further confirmed compliance with the provisions of Rule 6 of the Companies (Appointment and
Qualifications of Directors) Rules, 2014, as amended, relating to the inclusion of their names in the
databank of Independent Directors maintained by the Indian Institute of Corporate Affairs.

They have also confirmed that they are not aware of any circumstances or situation which exists or is
reasonably anticipated that could impair or impact their ability to discharge their duties with an
objective independent judgment and without any external influence.

6. DISCLOSURE FOR COMPANIES COVERED UNDER SECTION 178(1) ON DIRECTORS APPOINTMENT
AND REMUNERATION INCLUDING OTHER MATTERS PROVIDED UNDER SECTION 178(3) OF THE
ACT

In accordance with the provisions of Section 178 of the Companies Act, 2013 and Regulation 19 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has
constituted a Nomination and Remuneration Committee. The Committee has, inter alia, formulated
the criteria for determining qualifications, positive attributes, and independence of Directors, as well
as a policy relating to the remuneration for Directors, Key Managerial Personnel, and other
employees.

The Policy ensures that:

• the level and composition of remuneration is reasonable and sufficient to attract, retain and
motivate directors of the quality required to run the Company successfully;

• relationship of remuneration to performance is clear and meets appropriate performance
benchmarks; and

• remuneration to directors, key managerial personnel and senior management involves a balance
between fixed and incentive pay reflecting short and long-term performance objectives
appropriate to the working of the Company and its goals.

The Nomination and Remuneration Policy of the Company is available on the Company''s website at
https://globalpetind.com/policies/

7. EXPLANATION OR COMMENTS ON QUALIFICATION, RESERVATION OR ADVERSE REMARKS OR
DISCLAIMERS MADE BY THE AUDITOR AND COMPANY SECRETARY IN THE AUDIT REPORTS

There were no qualifications, reservations or adverse remarks made by the Auditors in their report.

8. DETAILS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186 OF THE COMPANIES
ACT, 2013

During the year under review, the Company has not given any loans, provided any guarantees or made
any investments falling within the purview of Section 186 of the Companies Act, 2013 and the rules
made thereunder.

9. STATE OF COMPANY AFFAIRS

Your Company is in the business of manufacturing and trading of PET bottles machines for the last 1
decade. It is registered as a Public Limited Company and is listed on the Emerge platform of National
Stock Exchange Limited ("NSE Limited").

During the year under review, your Company''s total revenue from operations increased to ^5,557.45
(Amount in Lakhs) as compared to ^4,494.29 (Amount in Lakhs) in the previous Financial Year. The Net
Profit for the year stood at ^529.86 (Amount in Lakhs) as against ^427.51 (Amount in Lakhs) in the
previous Financial Year.

10. TRANSFER TO RESERVES

During the year under review, no amount has been transferred to the General Reserve. The current
year''s profit of ^529.86 (Amount in Lakhs) has been added in the surplus in the Statement of Profit
and Loss under the head "Reserves and Surplus."

11. DIVIDEND

In order to conserve resources and strengthen the financial position of the Company, your Directors
have not recommended any dividend for the Financial Year ended March 31, 2026.

12. MATERIAL CHANGES AND COMMITMENTS IF ANY AFFECTING THE FINANCIAL POSITION OF THE
COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THIS FINANCIAL
STATEMENT RELATES AND THE DATE OF REPORT

No material changes and commitments affecting the financial position of the Company have occurred
between the end of the Financial Year ended March 31, 2026, and the date of this Report.

13. STATEMENT CONCERNING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT
POLICY OF THE COMPANY

The Company has formulated and implemented a Risk Management Policy in accordance with the
provisions of the Companies Act, 2013, to identify, assess, and mitigate various business and
operational risks. The policy has been approved by the Board of Directors and is reviewed periodically
to ensure that the management of risks is in line with the objectives of the Company. Risk mitigation
measures and monitoring mechanisms have also been put in place.

14. DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE
SOCIAL RESPONSIBILITY

(i) Turnover (in Rs.) as on March 31, 2025: 44,94,28,857

(ii) Net Worth (in Rs.) as on March 31, 2025: 50,51,73,853

(iii) Net profits for the last three Financial Years:

(iv) Average net profit of the Company for the last three Financial Years (as defined in Explanation
to Section 135(5) of the Act) (in Rs.): 3,67,13,444.95

(v) Prescribed CSR Expenditure (2% of the amount mentioned in item (iv) above) (in Rs.):
7,34,268.90

(vi) Total amount spent on CSR for the Financial Year (in Rs.): 7,40,000

• Amount spent in local area (in Rs.): 7,40,000

• Manner in which the amount was spent during the Financial Year: As per Annexure A

(vii) Details of Implementing Agency(ies): As per Annexure A

(viii) Explanation for Not Spending: Not Applicable

15. DISCLOSURE UNDER RULE 8 OF COMPANIES ACCOUNTS RULES, 2014 REGARDING:

(a) CONSERVATION OF ENERGY AS PER RULE 8(3)(A)

The nature of operations of the Company does not require disclosure of particulars relating to
conservation of energy, as prescribed under Section 134(3)(m) of the Companies Act, 2013 read
with Rule 8(3) of the Companies (Accounts) Rules, 2014.

(b) TECHNOLOGY ABSORPTION AS PER RULE 8(3)(B)

The nature of operations of the Company does not require disclosure of particulars relating to
technology absorption, as prescribed under Section 134(3)(m) of the Companies Act, 2013 read
with Rule 8(3) of the Companies (Accounts) Rules, 2014.

(c) FOREIGN EXCHANGE EARNINGS & OUTGO AS PER RULE 8(3)(C)

During the year under review, the Company had ^811.98 (Amount in Lakhs) foreign exchange
earnings and ^85.37 (Amount in Lakhs) foreign exchange outgo.

16. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES AND REPORT ON THEIR
PERFORMANCE

Your Company did not have any Subsidiaries, Joint Ventures, or Associate Companies during the year
under review.

17. STATEMENT REGARDING INTEGRITY. EXPERTISE AND EXPERIENCE OF THE INDEPENDENT
DIRECTORS

The Board of Directors is of the opinion that the Independent Directors of the Company possess the
requisite qualifications, expertise, and experience in their respective fields. They uphold the highest
standards of integrity and are independent of the management of the Company in terms of the
provisions of the Companies Act, 2013 and applicable rules.

18. DETAILS IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO
THE FINANCIAL STATEMENTS

The Company has in place an internal financial control system commensurate with the nature, scale,
and complexity of its operations. The internal controls are designed to provide reasonable assurance
regarding the reliability of financial reporting, compliance with applicable laws and regulations, and
the effectiveness and efficiency of operations.

Based on the framework of internal financial controls maintained by the Company and the reviews
carried out by the management and the Board, it is the opinion of the Board that the Company''s
internal financial controls were adequate and operating effectively during the year under review.

19. MAINTENANCE OF COST RECORDS

The maintenance of cost records as specified under sub-section (1) of Section 148 of the Companies
Act, 2013 is not applicable to the Company, as such requirements have not been prescribed by the
Central Government for the activities carried on by the Company.

20. DETAILS OF APPLICATION MADE OR ANY PROCEEDINGS PENDING UNDER INSOLVENCY AND
BANKRUPTCY CODE, 2016 DURING THE YEAR AND STATUS AT THE END OF THE YEAR

During the year under review, no application was made, nor were there any proceedings initiated or
pending against the Company under the Insolvency and Bankruptcy Code, 2016, as amended, and no
such proceedings were pending as at the end of the Financial Year.

21. DETAILS OF DIFFERENCE BETWEEN AMOUNT OF VALUATION DONE AT THE TIME OF ONE-TIME
SETTLEMENT AND VALUATION DONE WHILE TAKING LOAN FROM THE BANK OR FINANCIAL
INSTITUTIONS

During the year under review, the Company was not required to obtain any valuation report, as there
was no instance of a One Time Settlement with banks or financial institutions, nor of availing any loans
from them.

22. DISCLOSURE OF FINANCIAL SUMMARY OR HIGHLIGHTS

The summary of Audited financial performance of the Company for the Financial Year ended March
31, 2026 is summarized as under:

23. CHANGE IN NATURE OF BUSINESS

There was no change in the nature of business of the Company during the year under review.

24. DIRECTORS & KEY MANAGERIAL PERSONNEL
I. Board of Directors:

Following are the Directors as on March 31, 2026:

a) Change in Directors:

1) Appointment/Re-appointment: During the year under review, Mr. Ankit Suresh Shah having
(DIN: 11317759) has been appointed as Non-Executive, Independent Director with effect from
November 13, 2025, Mr. Bipin Nanubhai Panchal was reappointed as Managing Director for a
further period of 5 years with effect from February 01, 2026. Further, in the last Annual
General Meeting, Mrs. Nisha Bipin Panchal retired by rotation and, being eligible, offered
herself for re-appointment and was re-appointed as a Whole time Director of the Company
by the members.

2) Change in Designation: During the year under review designation of Mr. Ankit Suresh Shah
having (DIN: 11317759) has been changed from Additional Director to Director with effect
from January 26, 2026 and designation of Ms. Harmi Bipin Panchal having (DIN: 09852052)
has been changed from Non-Executive Director to Whole-time Director with effect from
November 13, 2025.

During the year under review, the Non-Executive Directors of the Company had no pecuniary
relationship or transactions with the Company, other than sitting fees, commission, perquisites
and reimbursement of expenses if any incurred by them for the purpose of attending meetings
of the Board / Committees of the Company.

In terms of the provisions of Section 152 of the Companies Act, 2013 and the Articles of
Association of the Company, Ms. Harmi Bipin Panchal, Whole time Director of the Company, will
retire by rotation at the ensuing Annual General Meeting and, being eligible, has offered herself
for re-appointment.

II. Key Managerial Personnel (KMP''s):

During the year under review, Mr. Parth Hareshkumar Shah has resigned from the post of
Company Secretary and Compliance officer with effect from closure of working hours of June 20,
2025. Further, the Board of Directors of the Company, on recommendation of Nomination and
Remuneration Committee, has appointed Ms. Bhavna Jamnashankar Joshi as Company Secretary
and Compliance Officer of the Company with effect from August 30, 2025. Further, Mr. Achchhe
Lal Yadav resigned from the post of Chief Financial Officer with effect from March 18, 2026.

Following were the Key Managerial Personnel''s as on March 31, 2026 pursuant to Sections 2(51)
and 203 of the Act read with the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014:

Subsequent to the closure of the financial year 2025-26, Ms. Harmi Bipin Panchal was appointed
as Chief Financial Officer of the company w.e.f. June 15, 2026.

III. Disclosures by Directors

Based on the declarations and confirmations received in terms of provisions of the Companies
Act, 2013, circular(s) / notification(s) / direction(s) issued by the RBI and other applicable laws,
none of the Directors on the Board of your Company are disqualified from appointment as
Directors.

Declaration of Independent Directors

The Company has received the necessary declarations from the Independent Directors under
Section 149(7) of the Act and Regulation 25 of the SEBI Listing Regulations, that they meet the
criteria of Independence laid down in Section 149(6) of the Act and Regulation 16(1)(b) of the
SEBI Listing Regulations. The Independent Directors have also confirmed compliance with the
provisions of Rule 6 of Companies (Appointment and Qualifications of Directors) Rules, 2014, as
amended, relating to inclusion of their name in the databank of Independent Directors. The
Independent Directors have confirmed that they are not aware of any circumstances or situation,
which exists or reasonably anticipated that could impair or impact his/her ability to discharge
his/her duties with an objective independent judgment and without any external influence.

The Board after taking these declarations/ disclosures on record and acknowledging the veracity
of the same, is of the opinion that the Independent Directors of the Company possess requisite
qualifications, experience, expertise, hold highest standards of integrity and are Independent of

the Management of the Company. The terms and conditions of appointment of Independent
Directors are available on the website of the Company at www.globalpetind.com.

25. CONSTITUTION OF VARIOUS COMMITTEES

The Board of Directors of the Company has reconstituted the composition of committees in the Board
meeting dated November 13, 2025. Accordingly, the composition of the following committees are as
follows:

26. FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS

Pursuant to Regulation 25(7) of the SEBI Listing Regulations, the Company has put in place a system
to familiarize its Independent Directors. The familiarization program aims to provide
knowledge/information to the Independent Directors about their roles, responsibilities in the
Company, nature of the industry, business model, processes, policies and the technology and the risk
management system of the Company, the operational and financial performance of the Company,
significant development so as to enable them to take well informed decisions in timely manner. During
the Financial Year 2025-2026, the Independent Directors were updated from time to time on
continuous basis on the significant changes in the regulations, duties and responsibilities of
Independent Directors under the Act, and SEBI Listing Regulations.

27. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

The Management Discussion and Analysis Report, as stipulated under the SEBI Listing Regulations, is
attached as Annexure B to this Report. It provides details about the overall industry structure, global
and domestic economic scenarios, developments in business operations/performance of the
Company''s various businesses, internal controls and their adequacy, risk management systems,
human resources, and other material developments during the Financial Year 2025-26.

28. DEPOSITS

The Company has not accepted any deposits during the year under review and, as such, there are no
outstanding deposits in terms of the Companies Act, 2013 and the Companies (Acceptance of
Deposits) Rules, 2014.

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

During the year under review, no significant or material orders were passed by any regulators, courts,
or tribunals which would impact the going concern status of the Company or its future operations.

30. FORMAL ANNUAL EVALUATION

In accordance with the provisions of Section 134(3) of the Companies Act, 2013 read with Rule 8(4) of
the Companies (Accounts) Rules, 2014, the Board of Directors has carried out an annual performance
evaluation of its own performance, the performance of its Committees, and that of the individual
Directors. The evaluation was conducted through a structured process covering various aspects of the
Board''s functioning, including composition, effectiveness, decision-making, and strategic guidance.
The feedback received from Directors was collated, reviewed, and discussed to identify areas of
improvement and to strengthen the overall governance framework of the Company.

Further, pursuant to Regulation 17 (10) of the SEBI Listing Regulations, the performance evaluation of
the Independent Directors was carried out by the entire Board excluding the independent director
being evaluated.

The Independent Directors expressed their satisfaction with the evaluation process and flow of
information between the Company management and the Board.

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

The Company has adopted a Policy on 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 framed thereunder, for prevention and redressal
of complaints of sexual harassment. An Internal Complaints Committee (ICC) has been constituted to
address such complaints, if any.

During the Financial Year ended March 31, 2026, the Company has not received any complaint of
sexual harassment. The disclosure in this regard is as under:

32. MATERNITY BENEFIT

The Company affirms that it has duly complied with the provisions of the Maternity Benefit Act, 1961.
However, during the year under review, the Company had no eligible women employees to extend
the benefit under the provisions of the Act.

33. NUMBER OF EMPLOYEES

The number of employees in the Company as on the closure of Financial Year is as follows:

34. RELATED PARTY TRANSACTIONS

All contracts/arrangement/transactions entered by the Company during FY 2025-26 with related
parties followed the applicable provisions of the Act and SEBI Listing Regulations. Prior omnibus
approval of the Audit Committee was obtained for all related party transactions which are foreseen
and of repetitive nature. A statement giving details of all related party transactions was placed before
the Audit Committee and the Board of Directors for their approval/noting on a quarterly basis.
Appropriate approvals of the members were taken, as applicable pursuant to the SEBI Listing
Regulations.

Since all the Related Party Transactions entered into by the Company were in the ordinary course of
business and were on an arm''s length basis, hence Form AOC-2 is not applicable to the Company.

The policy on materiality of related party transactions and on dealing with related party transactions
as approved by the Board is uploaded on the Company''s website www.globalpetind.com.

35. STATUTORY AUDITOR

The Board of Directors had appointed M/s. NDAA & Associates LLP, Chartered Accountants (Firm
Registration No. 129486W/W100775), as the Statutory Auditors of the Company at the Annual
General Meeting held on September 24, 2024 to hold office until the conclusion of the Annual General
Meeting ("AGM") of the Company to be held for the financial year 2028-2029. Subsequently, they
have submitted their resignation with effect from January 20, 2026.

Further, M/s. J. D. Shah Associates, Chartered Accountants (Firm Registration No. 109601W) were
appointed as the Statutory Auditors of the Company by the approval of members via postal ballot to
hold office until the conclusion of the ensuing Annual General Meeting to fill the casual vacancy caused
by the resignation of M/s. NDAA & Associates LLP, Chartered Accountants (Firm Registration No.
129486W/W100775).

The Board recommends their re-appointment as the Statutory Auditors of the Company in the ensuing
AGM for a term of five financial years from the conclusion of the said AGM until the conclusion of the
AGM to be held in the Financial Year 2030-2031, subject to the approval of the members.

36. SECRETARIAL AUDIT

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the rules made thereunder,
the Board of Directors, at its meeting held on August 30, 2025, had appointed M/s. HRU and
Associates, Practicing Company Secretaries as the Secretarial Auditor of the Company to conduct the
Secretarial Audit for a period of five (5) consecutive financial years, commencing from Financial Year
2025-26 up to Financial Year 2029-30, subject to ratification/approval as may be required under
applicable law.

The Secretarial Audit Report for the Financial Year ended March 31, 2026, issued by M/s. HRU and
Associates, Practicing Company Secretaries, is annexed to this Report as Annexure C.

37. INTERNAL AUDITOR

During the year M/s. A M B Jain & Co, Internal Auditor of the Company, resigned from the said position
with effect from October 24, 2025. Thereafter, the Board of Directors, at its meeting held on
November 13, 2025, appointed M/s. Kumbhat & Co. LLP as the Internal Auditor of the Company to fill
the casual vacancy caused by such resignation. Such Internal Auditor was subsequently re-appointed
by the Board to conduct the Internal Audit of the Company for the Financial Year 2026-27.

38. PARTICULARS OF EMPLOYEES

There are no employees in the Company who are covered by the provisions of Rule 5(2) and Rule 5(3)
of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, as
amended.

Further, the ratio of the remuneration of each Director to the median employee''s remuneration and
other details in terms of Section 197(12) of the Act read along with Rule 5(1) of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 is annexed herewith as
Annexure D and forms part of this report.

Your directors would like to record their appreciation of the efficient and loyal service rendered by
the employees.

39. COMPLIANCE WITH SECRETARIAL STANDARDS

During the year under review, the Company has complied with the applicable provisions of the
Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI).

40. CODE OF CONDUCT

The Company has adopted a Code of Conduct for Prevention of Insider Trading including policies and
procedures for inquiry in case of leak or suspected leak of unpublished price sensitive information,
Code for Fair Disclosure and Code of Conduct to regulate, monitor and report trading in securities by
the directors, designated persons and immediate relatives of designated persons of the Company in
compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 (''Insider Trading Regulations'').

Pursuant to above, the Company has put in place adequate and effective system of internal controls
to ensure compliance with the requirements of Insider Trading Regulations. The transactions by
designated persons above threshold approved by Board is subject to preclearance by compliance
officer. Company Secretary has been appointed as the Compliance Officer for purpose of Insider
Trading Regulations.

Designated persons have made annual disclosure to Company as per requirements of Insider Trading
Regulations and Company''s Code of Conduct. The Code is available on website of the Company at
www.globalpetind.com.

41. VIGIL MECHANISM/ WHISTLE BLOWER POLICY

In compliance with Section 177(9) of the Act and Regulation 22 of the SEBI Listing Regulations, the
Company has adopted a Whistle Blower Policy. The Audit Committee oversees the functioning of this
policy. The Company''s Vigil Mechanism/Whistle Blower Policy aims to provide an appropriate
platform and adequate protection to Whistle Blowers for reporting instances of fraud and
mismanagement, if any, and to promote the reporting of any unethical or improper practice, violation
of the Company''s Code of Conduct, or complaints regarding accounting, auditing, internal controls, or
suspected violations of applicable laws and regulations, including the Company''s Ethics Policy, Code
of Conduct for Prevention of Insider Trading, and Code of Fair Practices and Disclosure.

The Vigil Mechanism enables employees of the Company to approach the Chairperson of the Audit
Committee for redressal of their grievances. Details of the Vigil Mechanism and Whistle Blower Policy
are available on the Company''s website at www.globalpetind.com.

During the Financial Year 2025-26, no cases were reported to the Company under this mechanism.

42. SHARE CAPITAL

During the year under review, there has been no change in the share capital of the Company. The
Authorised Share Capital of the Company as on March 31, 2026 is Rs. 13,00,00,000/- divided into
1,30,00,000 equity shares of Rs. 10/- each and the issued, subscribed and paid up share capital of the
Company as on March 31, 2026 is Rs. 11,78,74,080/- divided into 1,17,87,408 equity shares of Rs. 10/-
each.

Further, there were no public issue, rights issue, bonus issue or preferential issue, etc. during the year.
The Company has not issued shares with differential voting rights or sweat equity shares, nor has it
granted any stock options during the financial year. During the year under review, the Company has
neither increased the authorized share capital nor allotted any equity shares.

43. DEPOSITORY SYSTEM

The Company''s equity shares are tradeable in dematerialized/electronic form. As on March 31, 2026,
100% of the Company''s total paid-up capital representing 1,17,87,408 equity shares were in
dematerialized form. In view of the benefits offered by the depository system, members holding
shares of the Company in physical mode are advised to avail the demat facility from their respective
depository participants.

In light of the advantages provided by the depository system, shareholders holding shares in physical
form are encouraged to opt for the dematerialization (demat) facility.

44. CODE OF CONDUCT

The Company has adopted a Code of Conduct for Prevention of Insider Trading including policies and
procedures for inquiry in case of leak or suspected leak of unpublished price sensitive information,
Code for Fair Disclosure and Code of Conduct to regulate, monitor and report trading in securities by
the directors, designated persons and immediate relatives of designated persons of the Company in
compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 (''Insider Trading Regulations'').

Pursuant to above, the Company has put in place adequate and effective system of internal controls
to ensure compliance with the requirements of Insider Trading Regulations. The transactions by
designated persons above threshold approved by Board is subject to preclearance by Compliance
Officer. The Company Secretary has been appointed as the Compliance Officer for the purpose of
Insider Trading Regulations.

Designated persons have made annual disclosure to Company as per requirements of Insider Trading
Regulations and Company''s Code of Conduct. The Code is available on website of the Company at
https://globalpetind.com/policies/.

45. RISK ARISING OUT OF LITIGATION, CLAIMS AND UNCERTAIN TAX POSITIONS

The Company is exposed to a variety of different laws, regulations, positions and interpretations
thereof which encompasses Direct/In-Direct taxation and legal matters. In the normal course of
business, provisions and contingencies may arise due to uncertain tax positions and legal matters.
Based on the nature of matters, the management applies various parameters when considering
evaluation of risk, expert opinions, including how much provision to be made in books of accounts
considering the potential exposure of each of the matters in consultation with the Statutory Auditors.
The aforesaid potential exposures may change substantially over time as new facts emerge as each
matter progresses, hence these are reviewed regularly/periodically.

46. STATUTORY DISCLOSURES

• The financial statements of the Company are placed on the Company''s website www.
globalpetind.com.com.

• The Directors'' Responsibility Statement as required by section 134(5) of the Act, appears in
this report.

• A Cash Flow Statement for Financial Year 2025-26 is attached to the Balance Sheet.

• The Company has not issued Equity Shares with differential rights as to dividend, voting or
otherwise, pursuant to the provisions of Section 43 of the Act and Rules made thereunder.

• The Company has not bought back its shares, pursuant to the provisions of Section 68 of the
Act and Rules made thereunder.

• The Company has not issued any Sweat Equity Shares to its Directors or employees.

• The Company has not failed to implement any corporate action.

• The Company has not made any provisions of money or has not provided any loan to the
employees of the Company for purchase of shares of the Company, pursuant to the provisions
of Section 67 of the Act and Rules made thereunder.

• There was no revision of financial statements and Board''s Report of the Company.

• The securities were not suspended from trading during the year due to corporate actions or
otherwise.

• No candidate was nominated by small shareholders in terms of Section 151 of the Act.

• There was no delay, in holding Annual General Meeting.

• During the year, all recommendations made by the committees were approved by the Board

47. ACKNOWLEDGEMENT

Your Board takes this opportunity to place on record our deep appreciation to our Shareholders,
Customers, Business Partners, Vendors, Bankers, Financial Institutions, Stock Exchange, Regulatory
and Government Authorities and other Stakeholders at large for all support rendered during the year
under review. We strive to build rewarding relationships with our stakeholders - clients, employees,
shareholders, business partners, communities and regulators - for achieving our long-term vision
aligned with our stakeholders'' interests.

The Directors also thank the Government of India, Governments of various states in India and
concerned Government departments and agencies for their co-operation. The Directors hereby
acknowledge the dedication, loyalty, hard work, cooperation, solidarity and commitment rendered by
the employees of the Company during the year.

The Board also places its gratitude and appreciation for the support and co-operation from its
members and other regulators.

For and on behalf of the Board of Directors of
Global Pet Industries Limited

Sd/-

Bipin Nanubhai Panchal

Date: August 24, 2026 Managing Director

Place: Palghar DIN: 00120996

Your Directors have pleasure in presenting the 12^th Annual Report of Global Pet Industries Limited
(Formerly known as Global Pet Industries Private Limited) ("the Company") on the business and
operations of your Company along with the Audited Financial Statements for the Financial Year ended
March 31, 2025.

1. FINANCIAL PERFORMANCE

The summary of Audited financial performance of the Company for the Financial Year ended
March 31, 2025 is summarized as under:

2. PRESENTATION OF FINANCIAL STATEMENTS

The financial statements of the Company for Financial Year 2024-2025 have been prepared in
compliance with the Companies Act, 2013 (the ''Act''), applicable Accounting Standards and the
SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 and amendments
thereto (the ''SEBI Listing Regulations'') are disclosed in accordance with Schedule III of the Act.

3. STATE OF COMPANY AFFAIRS AND COMPANY''S PERFORMANCE

Your Company is in the business of manufacturing and trading of PET bottles machines for the
last 1 decade. It is registered as a Public Limited Company and is listed on the Emerge platform
of National Stock Exchange Limited ("NSE Limited").

During the year under review, your Company''s total revenue from operations has increased to
Rs. 4,494.29 Lakhs as compared to Rs. 3,909.90 Lakhs in the previous Financial Year. The Net
operating profit of the Company has been increased to Rs. 427.50 Lakhs as compared to Rs.
205.95 Lakhs in the previous Financial Year.

Detailed information on the operations of the business and state of affairs of the Company are
covered in the Management Discussion and Analysis Report ("MDAR").

4. CHANGE IN NATURE OF BUSINESS

During the year under review, there is no change in the nature of business of the company.

5. DIVIDEND

In order to conserve resources and strengthen the financial position of the company, your
Directors have not recommended any dividend for the year under review.

6. BORROWINGS

During the year under review, there were no borrowings in the Company.

7. TRANSFER TO RESERVES

During the year under review, no amount was transferred to general reserves of the Company.
The closing balance of the retained earnings for the Financial Year 2024-2025 after all
appropriation and adjustments was Rs. 3,873 Lakhs.

8. MATERIAL CHANGES AND COMMITMENTS AFFECTING FINANCIAL POSITION BETWEEN THE
END OF THE FINANCIAL YEAR AND DATE OF THE REPORT

There were no material changes and commitments affecting the financial position of the
Company between end of the financial year and the date of this report. It is hereby confirmed
that there has been no other change in the nature of business of the Company.

9. SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES

During the year under review, none of the companies have become or ceased to be the
associate/ subsidiary/ joint venture/ holding Company.

10. SHARE CAPITAL AND CHANGE IN CAPITAL STRUCTURE

During the year under review, the authorised share capital of the Company was Rs. 13,00,00,000
divided into 1,30,00,000 Equity Shares of Rs. 10/- each. The total issued, subscribed and paid up
share capital of the Company as on March 31, 2025 is Rs. 11,78,74,080/- divided into 1,17,87,408
Equity Shares of Rs. 10/- each.

Further, during the financial year 2024-25, the Company came up with the Preferential Offer and
allotted 20,00,000 Equity Shares for cash at an issue price of Rs. 109/- per equity share (including
a premium of Rs. 99/- per equity share), aggregating to Rs. 21,80,00,000/- on November 14, 2024.

Further, there were no rights issue, bonus issue, etc. during the year. The Company has not issued
shares with differential voting rights or sweat equity shares, nor has it granted any stock options
during the financial year. During the year under review, the Company has not increased the
authorized share capital.

11. DEPOSITORY SYSTEM

The Company''s equity shares are tradeable in dematerialized/electronic form. As on March 31,
2025, 100% of the Company''s total paid-up capital representing 1,17,87,408 equity shares were
in dematerialized form.

12. DEPOSITS

The Company has not accepted any deposits during the year under review and, as such, there
are no outstanding deposits in terms of the Companies Act, 2013 and the Companies (Acceptance
of Deposits) Rules, 2014.

13. PARTICULARS OF LOANS, GUARANTEES & INVESTMENTS

Details of loans, guarantee and investments, if any, covered under the provisions of Section 186
of the Companies Act are provided in the notes to financial statements.

14. RELATED PARTY TRANSACTIONS

All contracts/arrangement/transactions entered by the Company during FY 2024-25 with related
parties was in compliance with the applicable provisions of the Act and SEBI Listing Regulations.
Prior omnibus approval of the Audit Committee was obtained for all related party transactions
which are foreseen and of repetitive nature. A statement giving details of all related party
transactions was placed before the Audit Committee and the Board of Directors for their
approval/noting on a quarterly basis. Appropriate approvals of the members were taken, as
applicable pursuant to the SEBI Listing Regulations.

Since all the Related Party Transactions entered into by the Company were in the ordinary course
of business and were on an arm''s length basis, hence Form AOC-2 is not applicable to the
Company.

The policy on materiality of related party transactions and on dealing with related party
transactions as approved by the Board is uploaded on the Company''s website
www.globalpetind.com.

15. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report as stipulated under the SEBI Listing Regulations is
attached as Annexure 1 of this Report. It provides details about the overall industry structure,
global and domestic economic scenarios, developments in business operations / performance of
the Company''s various businesses, internal controls and their adequacy, risk management
systems, human resources and other material developments during the Financial Year 2024-25.

16. DIRECTORS & KEY MANAGERIAL PERSONNEL
I. Board of Directors:

Following are the Directors as on March 31, 2025:

a) Change in Directors:

1) Cessation/Resignation: During the year under review, Ms. Rajvi Chirag Shah having DIN:
10092644 tendered her resignation with effect from November 08, 2024. Further, Ms. Hiral
Jainesh Shah having DIN: 09810987 tendered her resignation with effect from December 11,
2024.

2) Appointment/Re-appointment: During the year under review, Mr. Manish Harishchandra
Singh having (DIN: 10729798) has been appointed as Non-Executive, Independent Director
with effect from August 16, 2024, Mr. Yogendra Chhotelal Kannaujiya having (DIN: 10730223)
has been appointed as Non-Executive, Independent Director with effect from August 16, 2024.

3) Change in Designation: During the year under review designation of Mr. Manish
Harishchandra Singh having (DIN: 10729798) has been changed from Additional Director to
Director with effect from September 24, 2024 and designation of Mr. Yogendra Chhotelal
Kannaujiya having (DIN: 10730223) has been changed from Additional Director to Director
with effect from September 24, 2024.

During the year under review, the Non-Executive Directors of the Company had no pecuniary
relationship or transactions with the Company, other than sitting fees, commission, perquisites
and reimbursement of expenses if any incurred by them for the purpose of attending meetings
of the Board / Committees of the Company.

None of the Directors are disqualified for being appointed as the Director of the Company in
terms of Section 164 of the Act read with Rule 14(1) of the Companies (Appointment and
Qualifications of Directors) Rules, 2014. Further, the Company has received the necessary
declarations from all the Directors as required under the Companies Act and SEBI Listing
Regulations. Further, all the independent directors are registered with data bank maintained by
the Indian Institute of Corporate Affairs ("IICA"). The Independent Directors have confirmed that
they are not aware of any circumstances or situation, which exists or reasonably anticipated that
could impair or impact his/her ability to discharge his/her duties with an objective independent
judgment and without any external influence.

II. Key Managerial Personnel (KMP''s):

During the year under review, Mr. Nimesh Raju Raichura has tendered his resignation from the
post of CFO with effect from closure of working hours of February 03, 2025. Further, the Board
of Directors of the Company, on recommendation of Nomination and Remuneration Committee,
has appointed Mr. Achchhe Lal Yadav as CFO of the Company with effect from February 21, 2025

Following were the Key Managerial Personnel''s as on March 31, 2025 pursuant to Sections 2(51)
and 203 of the Act read with the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014:

Further Mr. Parth Hareshkumar Shah resigned as Company Secretary & compliance officer from
the company w.e.f. June 20, 2025.

17. MEETING OF THE BOARD AND ITS COMMITTEES

The Company has following committees in place in compliance with the requirements of the
business and relevant provisions of applicable laws and statutes:

a. Audit Committee;

b. Nomination and Remuneration Committee;

c. Stakeholders'' Relationship Committee.

The Committees constituted by the Board focus on specific areas and take informed decisions
within the framework of delegated authority, and make specific recommendations to the Board
on matters within their areas or purview. The decisions and recommendations of the Committees
and minutes of meeting of committees are placed before the Board for information and/or for
approval, as required. During the year under review, all recommendations received from its
committees were accepted by the Board.

During the Financial Year 2024-25, Six (6) Board Meetings were convened and held dated May
21, 2024, August 16, 2024, October 01, 2024, November 14, 2024, February 21, 2025 and March
31, 2025, Five (5) Audit Committee Meetings were convened and held dated May 21, 2024,
August 16, 2024, November 14, 2024, February 21, 2025 and March 31, 2025, Four (4)
Nomination and Remuneration Committee meeting were convened and held dated May 21,
2024, August 16, 2024, November 14, 2024, and February 21, 2025, One (1) Stakeholders''
Relationship Committee was convened and held dated May 21, 2024 and One (1) Independent
Directors Meeting was convened and held dated February 21, 2025. The intervening gap between
the Meetings was within the period prescribed under the Companies Act, 2013.

18. CONSTITUTION OF VARIOUS COMMITTEES

The Board of Directors of the Company has reconstituted the composition of committees in the
Board meeting dated August 16, 2024. Accordingly, the composition of the following committee
is as follows:

A. Nomination and Remuneration Committee

B. Audit Committee

C. Stakeholder Relationship Committee

19. FORMAL ANNUAL EVALUATION

Pursuant to the provisions of the Companies Act, 2013 and SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, the Board has carried out an annual performance
evaluation of its Board, its Committees and the individual members of the Board (including the
Chairperson). A structured questionnaire was prepared after taking into consideration inputs
received from the directors, covering the aforesaid aspects of the Board''s functioning. The overall
performance of the Board and Committees of the Board was found satisfactory.

Further, the overall performance of Chairman, Executive Director and Non-Executive Directors of
the Company was found satisfactory. The review of performance was based on the criteria of
performance, knowledge, analysis, quality of decision making etc.

Further, pursuant to Regulation 17 (10) of the SEBI Listing Regulations, the performance
evaluation of the Independent Directors was carried out by the entire Board excluding the
independent director being evaluated.

The Independent Directors expressed their satisfaction with the evaluation process and flow of
information between the Company management and the Board.

20. CODE OF CONDUCT

The Company has adopted a Code of Conduct for Prevention of Insider Trading including policies
and procedures for inquiry in case of leak or suspected leak of unpublished price sensitive
information, Code for Fair Disclosure and Code of Conduct to regulate, monitor and report
trading in securities by the directors, designated persons and immediate relatives of designated
persons of the Company in compliance with SEBI (Prohibition of Insider Trading) Regulations,
2015 (''Insider Trading Regulations'').

Pursuant to above, the Company has put in place adequate and effective system of internal
controls to ensure compliance with the requirements of Insider Trading Regulations. The
transactions by designated persons above threshold approved by Board is subject to
preclearance by compliance officer. Company Secretary has been appointed as the Compliance
Officer for purpose of Insider Trading Regulations.

Designated persons have made annual disclosure to Company as per requirements of Insider
Trading Regulations and Company''s Code of Conduct. The Code is available on website of the
Company at www.globalpetind.com.

21. DISCLOSURES BY DIRECTORS

Based on the declarations and confirmations received in terms of provisions of the Companies
Act, 2013, circular(s) / notification(s) / direction(s) issued by the RBI and other applicable laws,
none of the Directors on the Board of your Company are disqualified from appointment as
Directors.

Declaration of Independent Directors

The Company has received the necessary declarations from the Independent Directors under
Section 149(7) of the Act and Regulation 25 of the SEBI Listing Regulations, that they meet the
criteria of Independence laid down in Section 149(6) of the Act and Regulation 16(1)(b) of the
SEBI Listing Regulations. The Independent Directors have also confirmed compliance with the
provisions of Rule 6 of Companies (Appointment and Qualifications of Directors) Rules, 2014, as
amended, relating to inclusion of their name in the databank of Independent Directors. The

Independent Directors have confirmed that they are not aware of any circumstances or situation,
which exists or reasonably anticipated that could impair or impact his/her ability to discharge
his/her duties with an objective independent judgment and without any external influence.

The Board after taking these declarations/ disclosures on record and acknowledging the veracity
of the same, is of the opinion that the Independent Directors of the Company possess requisite
qualifications, experience, expertise, hold highest standards of integrity and are Independent of
the Management of the Company. The terms and conditions of appointment of Independent
Directors are available on the website of the Company at www.globalpetind.com.

22. FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS

Pursuant to Regulation 25(7) of the SEBI Listing Regulations, the Company has put in place a
system to familiarize its Independent Directors. The familiarization program aims to provide
knowledge/information to the Independent Directors about their roles, responsibilities in the
Company, nature of the industry, business model, processes, policies and the technology and the
risk management system of the Company, the operational and financial performance of the
Company, significant development so as to enable them to take well informed decisions in timely
manner. During the Financial Year 2024-2025, the Independent Directors were updated from
time to time on continuous basis on the significant changes in the regulations, duties and
responsibilities of Independent Directors under the Act, and SEBI Listing Regulations.

The details of familiarization programmes for the Independent Directors are disclosed on the
Company''s website at www.globalpetind.com.

23. POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION

The Board has, on the recommendation of the Nomination & Remuneration Committee framed
a Nomination & Remuneration policy. This policy inter alia provides:

(a) The criteria for determining qualifications, positive attributes and independence of Directors;
and

(b) Policy on remuneration of directors, key managerial personnel and other employees.

The Policy is directed towards a compensation philosophy and structure that will reward and
retain talent. The Nomination & Remuneration Policy is stated in the Corporate Governance
Report and is also available on the Company''s website at www.globalpetind.com

24. DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant to Section 134(3)(c) of the Companies Act, 2013 and to the best of Board''s knowledge
and belief and according to the information and explanations obtained by them, your Directors
confirm the following statements:

(a) in the preparation of the annual accounts for the Financial Year ended on March 31, 2025,
the applicable accounting standards and Schedule III of the Companies Act, 2013, 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
judgments and estimates that are reasonable and prudent so as to give a true and fair view
of the state of affairs of your Company as at March 31, 2025 and of the Profits of the
Company for the Financial Year ended March 31, 2025;

(c) proper and sufficient care has been taken for the maintenance of adequate accounting
records in accordance with the provisions of the Companies Act, 2013 for safeguarding the
assets of the Company and for preventing and detecting fraud and other irregularities;

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

(e) proper internal financial controls laid down by the Directors were followed by the Company
and that such internal financial controls are adequate and were operating effectively; and

(f) proper systems to ensure compliance with the provisions of all applicable laws were in place
and that such systems were adequate and operating effectively.

25. AUDITORS

> Statutory Auditor

As per Section 139 of the Act read with the Companies (Audit and Auditors) Rules, 2014, the
members of the Company at the Annual General Meeting held on September 24, 2024 approved
the appointment of M/s. NDAA & Associates LLP (Firm Registration No. 129486W/W100775) as
the Statutory Auditors of the Company for a term of 5 years till the conclusion of the 16th Annual
General Meeting.

> Secretarial Auditor:

Pursuant to Regulation 24A of the Securities and Exchange Board of India ("SEBI") (Listing
Obligations and Disclosure Requirements) Regulations, 2015, ("Listing Regulations") as amended
from time to time and as per applicable provisions of the Companies Act, 2013 ("the Act") the
Company had appointed M/s. HRU and Associates, Practicing Company Secretaries to undertake
the Secretarial Audit of the Company for the Financial Year ended March 31, 2025. The secretarial
audit report forms a part of this Annual Report and is annexed as Annexure 2.

> Internal Auditor:

M/s. Adatiya & Associates, Chartered Accountants, tenders its resignation from the post of
Internal Auditor of the Company with effect from February 03, 2025. Further, M/s. A M B Jain &
Co., Chartered Accountants has been appointed as Internal Auditor of the Company to perform
the duties of internal auditors of the Company for the Financial Year 2024-25 and their report is
reviewed by the Audit committee.

> Cost Auditor:

The Maintenance of the cost records, for the services rendered by the Company is not required
pursuant to Section 148(1) of the Act, read with Rule 3 of the Companies (Cost Records and Audit)
Rules, 2014 and accordingly it is not required to appoint Cost Auditor.

26. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SECTIO 143 (12) OF THE ACT

During the year under review, no instances of fraud committed against the Company by its
officers or employees were reported by the Statutory Auditors and Secretarial Auditors under
Section 143(12) of the Act to the Audit Committee or the Board of Directors of the Company.

27. INTERNAL FINANCIAL CONTROL SYSTEM AND THEIR ADEQUACY

The Board has laid down standards, processes and procedures for implementing the internal
financial controls across the organization. After considering the framework of existing internal
financial controls and compliance systems, work performed by the Internal, Statutory and
Secretarial Auditors and external consultants; reviews performed by the Management and
relevant Board Committees including the Audit Committee, the Board is of the opinion that the
Company''s internal financial controls with reference to the financial statements were adequate
and effective during the Financial Year under review. The Company continues to ensure proper
and adequate systems and procedures commensurate with its size and nature of its business.

28. CORPORATE SOCIAL RESPONSIBILITY

The provisions of Section 135 of the Companies Act, 2013 is applicable on the Company and
Company is in process of complying with the provision of Section 135 of the Companies Act, 2013.

29. ANNUAL RETURN

A copy of the annual return as provided under section 92(3) of the Act, in the prescribed form,
which will be filed with the Registrar of Companies/MCA, is placed on Company''s website at
www.globalpetind.com.

30. PARTICULARS OF EMPLOYEES

Your Company had 112 employees as on March 31, 2025. The statement containing particulars
of employees as required under Section 197(12) of the Act, read along with Rule 5(2) and 5(3) of
the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is not
applicable to the Company as no employees were in receipt of remuneration above the limits
specified in Rule 5(2) of the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014.

Further, the ratio of the remuneration of each Director to the median employee''s remuneration
and other details in terms of Section 197(12) of the Act read along with Rule 5(1) of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is annexed
herewith as Annexure 3 and forms part of this report.

Your directors would like to record their appreciation of the efficient and loyal service rendered
by the employees.

31. PREVENTION OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE

The Company is committed to upheld and maintain the dignity of woman employees and to
provide a safe and conducive work environment to all its employees and associates working in
the Company.

During the Year under review the company has not received any complaints on sexual
harassment.

32. COMPLIANCE WITH MATERNITY BENEFIT ACT

The Company has complied with the provision relating to the Maternity Benefit Act 1961.

33. RISK MANAGEMENT

Pursuant to Section 134 (3)(n) of the Act and Regulation 4(2)(f) of SEBI Listing Regulations, the
Company has put in place comprehensive Risk Management Policy which inter alia, includes
identification of elements of those risks which in the opinion of the Board may threaten the
existence of the Company. Further, the Company has adequate risk management mechanism
and same is periodically reviewed by the Audit Committee and Board. The major risk identified
by the business are systematically addressed through mitigating actions on a continuing basis
and cost-effectively risks are controlled to ensure that any residual risks are at an acceptable
level. The Company has been addressing various risks impacting the Company and brief view of
the Company on risk management has been disclosed in the Management Discussion and
Analysis Report.

34. VIGIL MECHANISM/ WHISTLE BLOWER POLICY

In Compliance with Section 177(9) of the Act and Regulation 22 of SEBI Listing Regulation, the
Company has adopted a Whistle Blower Policy. The Audit Committee oversees the functioning of
this policy. The Company''s vigil mechanism/ Whistle blower Policy aims to provide the
appropriate platform and protection for Whistle Blowers to report instances of fraud and
mismanagement, if any, to promote reporting of any unethical or improper practice or violation
of the Company''s Code of Conduct or complaints regarding accounting, auditing, internal
controls or suspected incidents of violation of applicable laws and regulations including the
Company''s ethics policy or Code of Conduct for Prevention of Insider Trading in the Company,
Code of Fair practices and Disclosure.

The Vigil Mechanism provides a mechanism for employees of the Company to approach the
Chairperson of the Audit Committee of the Company for redressal. Details of the Vigil Mechanism
and Whistleblower policy are made available on the Company''s website at
www.globalpetind.com.

During the Financial Year 2024-25, no cases under this mechanism were reported to the
Company.

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

There are no significant and material orders passed by the Regulators / Courts / Tribunal which
would impact the going concern status of the Company and its future operations.

36. ENERGY CONSERVATION, TECHNOLOGY ABSORBTION AND FOREIGN EXCHANGE EARNING &
OUTGO

The details in respect of conservation of Energy, Technology Transfer and Foreign Exchange
Earning and outgo is as stated in the Annexure 4.

37. THE DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF
ONE TIME SETTLEMENT AND WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL
INSTITUTION

No such instance of one-time settlement or valuation was done while taking or discharging loan
from the Banks/ Financial institutions occurred during the year.

38. PROCEEDINGS PENDING UNDER THE INSLOVENCY AND BANKRUPTUCY CODE

There are no such proceedings or appeals pending under Insolvency and Bankruptcy Code, 2016
during the year and at the end of the Financial Year 2024-2025.

39. SECRETARIAL STANDARDS OF ICSI

Your Company has complied with the applicable Secretarial Standard with respect to meetings
of Board and its Committees and General Meetings respectively issued by the Institute of
Company Secretaries of India.

40. STATUTORY DISCLOSURES

• The financial statements of the Company are placed on the Company''s website
www.globalpetind.com

• The directors'' responsibility statement as required by section 134(5) of the Act, appears in this
report.

• A Cash Flow Statement for Financial year 2024-2025 is attached to the Balance Sheet.

• The Company being listed on Emerge platform of the NSE Limited, Regulations 17, 17A, 18,

19, 20, 21, 22, 23, 24, 24A, 25, 26, 26A, 27 and clauses (b) to (i) and (t) of sub-regulation (2) of
Regulation 46 and para C, D and E of Schedule V of SEBI (LODR) Regulation, 2015 is not
applicable.

41. ACKNOWLEDGEMENT

Your Board takes this opportunity to place on record our deep appreciation to our Shareholders,
Customers, Business Partners, Vendors, Bankers, Financial Institutions, Stock Exchange,
Regulatory and Government Authorities and other Stakeholders at large for all support rendered
during the year under review. We strive to build rewarding relationships with our stakeholders -
clients, employees, shareholders, business partners, communities and regulators - for achieving
our long-term vision aligned with our stakeholders'' interests.

The Directors also thank the Government of India, Governments of various states in India and
concerned Government departments and agencies for their co-operation. The Directors hereby
acknowledge the dedication, loyalty, hard work, cooperation, solidarity and commitment
rendered by the employees of the Company during the year.

The Board also places its gratitude and appreciation for the support and co-operation from its
members and other regulators.

For and on behalf of the Board of Directors
of Global Pet Industries Limited
(Formerly known as Global Pet Industries Private Limited)

Bipin Nanubhai Panchal

Date: August 30, 2025 Managing Director

Place: Palghar DIN: 00120996

Your Directors have pleasure in presenting the 11^th Annual Report of Global Pet Industries Limited (Formerly Known as Global Pet Industries Private Limited) on the business and operations of your Company along with the Audited Financial Statements for the Financial Year ended March 31,2024.

1. FINANCIAL PERFORMANCE

The summary of Audited financial performance of the Company for the Financial Year ended March 31, 2024 is summarized as under:

2. PRESENTATION OF FINANCIAL STATEMENTS

The financial statements of the Company for Financial Year 2023-2024 have been prepared in compliance with the Companies Act, 2013 (the Act''), applicable Accounting Standards and the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 and amendments thereto (the ''SEBI Listing Regulations'') are disclosed in accordance with Schedule III of the Act.

3. STATE OF COMPANY AFFAIRS AND COMPANY''S PERFORMANCE

Your Company is in the business of manufacturing and trading of PET bottles machines for the last 1 decade. It is registered as a Public Limited Company and is listed on the Emerge platform of National Stock Exchange Limited ("NSE Limited”).

During the year under review, your Company''s total revenue from operations has increased to Rs. 3,914.63 Lakhs as compared to Rs. 3,482.74 Lakhs in the previous Financial Year. The Net operating profit of the Company has been increased to Rs. 205.95 Lakhs as compared to Rs. 199.89 Lakhs in the previous Financial Year.

Detailed information on the operations of the business and state of affairs of the Company are covered in the Management Discussion and Analysis Report ("MDAR”).

4. DIVIDEND

The Board of Directors of the Company has not recommend any dividend on equity shares for the Financial Year ended on March 31,2024.

5. BORROWINGS

During the year under review, there were no borrowings in the Company.

6. TRANSFER TO RESERVES

During the year under review, no amount was transferred to general reserves of the Company. The closing balance of the retained earnings for the Financial Year 2023-2024 after all appropriation and adjustments was Rs. 1,465.49 Lakhs.

7. MATERIAL CHANGES AND COMMITMENTS AFFECTING FINANCIAL POSITION BETWEEN THE END OF THE FINANCIAL YEAR AND DATE OF THE REPORT

There were no material changes and commitments affecting the financial position of the Company between end of the financial year and the date of this report. It is hereby confirmed that there has been no other change in the nature of business of the Company.

8. SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES

Your Company does not have any Subsidiary or Joint Venture or Associate during the year under review.

9. SHARE CAPITAL

During the year under review, the authorised share capital of the Company was Rs. 13,00,00,000 divided into 1,30,00,000 Equity Shares of Rs. 10/- each. The total issued, subscribed and paid up share capital of the Company as on March 31, 2024 was Rs. 9,78,74,080/- divided into 97,87,408 Equity Shares of Rs. 10/- each.

Further, during the financial year 2023-24, the Company came up with the Initial Public Offer (IPO) and allotted 27,00,000 Equity Shares for cash at an issue price ofRs.49/- per equity share (including a premium ofRs. 39/- per equity share), aggregating to Rs. 13,23,00,000/- on July 05,2023.

Further, there were no rights issue, bonus issue or preferential issue, etc. during the year. The Company has not issued shares with differential voting rights or sweat equity shares, nor has it granted any stock options during the financial year. During the year under review, the Company has not increased the authorized share capital.

10. DEPOSITORY SYSTEM

The Company''s equity shares are tradeable in dematerialized/electronic form. As on March 31,2024,100% of the Company''s total paid-up capital representing 9 7,87,408 equity shares were in dematerialized form.

11. DEPOSITS

The Company has not accepted any deposits and as such no amount on account of principal or interest on public deposit under section 73 and 74 of the Act, read together with the Companies (Acceptance of Deposits) Rules, 2014 was outstanding as on the date of the Balance Sheet.

12. PARTICULARS OF LOANS, GUARANTEES & INVESTMENTS

Details of loans, guarantee and investments, if any, covered under the provisions of Section 186 of the Companies Act are provided in the notes to financial statements.

13. RELATED PARTY TRANSACTIONS

All contracts/arrangement/transactions entered by the Company during FY 2023-24 with related parties was in compliance with the applicable provisions of the Act and SEBI Listing Regulations. Prior omnibus approval of the Audit Committee was obtained for all related party transactions which are foreseen and of repetitive nature. A statement giving details of all related party transactions was placed before the Audit Committee and the Board of Directors for their approval/noting on a quarterly basis. Appropriate approvals of the members were taken, as applicable pursuantto the SEBI Listing Regulations.

The particulars of contracts or arrangements with related parties as prescribed in Form No. AOC-2 is annexed to this report as Annexure 1. Details of related party transactions are given in the notes to the financial statements.

The policy on materiality of related party transactions and on dealing with related party transactions as approved by the Board is uploaded on the Company''s website www.globalpetind.com.

14. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report as stipulated under the SEBI Listing Regulations is attached as Annexure 2 of this Report. It provides details about the overall industry structure, global and domestic economic scenarios, developments in business operations / performance of the Company''s various businesses, internal controls and their adequacy, risk management systems, human resources and other material developments during the Financial Year 2023-24.

15. DIRECTORS & KEY MANAGERIAL PERSONNEL I. Board of Directors:

Followingare the Directors as on March 31,2024:

a) Change in Directors:

1) Cessation/Resignation: During the year under review, Mr. Paresh Vallabhbhai Raiyani having DIN: 10102005 tendered his resignation with effect from N ovember 30,202 3.

2) Appointment/Re-appointment: During the year under review, Mr. Paresh Vallabhbhai Raiyani having (DIN: 10102005) has been appointed as Non-Executive, Independent Director with effect from April 25,2023, Ms. Hiral Jainesh Shah having (DIN: 09810987) has been appointed as Non-Executive, Independent Director with effect from April 25,2023, Ms. Rajvi Chirag Shah, having (DIN: 10092644) has been appointed as Non-Executive and Independent Director with effect from April 2 5,202 3.

3) Change in Designation: During the year under review designation of Mrs. Nisha Bipin Panchal having (DIN: 06514766) has been changed from Additional Director to Whole-time Director with effect from April 2 5,202 3.

During the year under review, the Non-Executive Directors of the Company had no pecuniary relationship or transactions with the Company, other than sitting fees, commission, perquisites and reimbursement of expenses if any incurred by them for the purpose of attending meetings of the Board / Committees of the Company.

None of the Directors are disqualified for being appointed as the Director of the Company in terms of Section 164 of the Act read with Rule 14(1) of the Companies (Appointment and Qualifications of Directors) Rules, 2014. Further, the Company has received the necessary declarations from all the Directors as required under the Companies Act and SEBI Listing Regulations. Further, all the independent directors are registered with data bank maintained by the Indian Institute of Corporate Affairs ("UCA”). The Independent Directors have confirmed that they are not aware of any circumstances or situation, which exists or reasonably anticipated that could impair or impact his/her ability to discharge his/her duties with an objective independent judgment and without any external influence.

II. Key Managerial Personnel (KMP''s):

During the year under review, Mr. Nimesh Raju Raichura has been appointed asCFOofthe Company with effect from April 25,2023.

Further, Ms. Rashmi Kumari has tendered her resignation from the post of Company Secretary and Compliance Officer of the Company with effect from closure of working hours of November 03, 2023. The Board placed on record their appreciation for Ms. Rashmi Kumari''s services to the Company. Further, the Board of Directors of the Company, on recommendation of Nomination and Remuneration Committee, has appointed Mr. Parth Hareshkumar Shah as Company Secretary and Compliance Officer of the Company with effect from January 31,2024.

Following were the Key Managerial Personnel''s as on March 31, 2024 pursuant to Sections 2(51) and 203 of the Act read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014:

16. MEETING OF THE BOARD AND ITS COMMITTEES

The Company has following committees in place in compliance with the requirements of the business and relevant provisions of applicable laws and statutes:

a. Audit Committee;

b. Nomination and Remuneration Committee;

c. Stakeholders'' Relationship Committee.

The Committees constituted by the Board focus on specific areas and take informed decisions within the framework of delegated authority, and make specific recommendations to the Board on matters within their areas or purview. The decisions and recommendations of the Committees and minutes of meeting of committees are placed before the Board for information and/or for approval, as required. During the year under review, all recommendations received from its committees were accepted by the Board.

During the Financial Year 2023-24, Seven (7) Board Meetings were convened and held dated April 25, 2023, July 05, 2023, July 14, 2023, September 04, 2023, November 03,2023, December 01,2023 and January 30,2024, Three (3) Audit Committee Meetings were convened and held dated September 04,2023, November 03,2023 and January 30,2024, Two (2J Nomination and Remuneration Committee meeting were convened and held dated September 04,2023 and January 30,2024, One (1J Stakeholders'' Relationship Committee was convened and held dated January 30, 2024 and One (1) Independent Directors Meeting was convened and held dated January 30, 2024. The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013.

17. CONSTITUTION OF VARIOUS COMMITTEES

The Board of Directors of the Company has reconstituted the composition of committees in the Board meeting dated December 01, 2023. Accordingly, the composition of the following committee is as follows:

18. FORMAL ANNUAL EVALUATION

Pursuant to the provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has carried out an annual performance evaluation of its Board, its Committees and the individual members of the Board (including the Chairperson). A structured questionnaire was prepared after taking into consideration inputs received from the directors, covering the aforesaid aspects of the Board''s functioning. The overall performance of the Board and Committees of the Board was found satisfactory.

Further, the overall performance of Chairman, Executive Director and Non-Executive Directors of the Company was found satisfactory. The review of performance was based on the criteria of performance, knowledge, analysis, quality of decision making etc.

Further, pursuant to Regulation 17 (10) of the SEBI Listing Regulations, the performance evaluation of the Independent Directors was carried out by the entire Board excluding the independent director being evaluated.

The Independent Directors expressed their satisfaction with the evaluation process and flow of information between the Company management and the Board.

19. CODE OF CONDUCT

The Company has adopted a Code of Conduct for Prevention of Insider Trading including policies and procedures for inquiry in case of leak or suspected leak of unpublished price sensitive information, CodeforFair Disclosure and Code of Conduct to regulate, monitor and report trading in securities by the directors, designated persons and immediate relatives of designated persons of the Company in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 (''Insider Trading Regulations'').

Pursuant to above, the Company has put in place adequate and effective system of internal controls to ensure compliance with the requirements of Insider Trading Regulations. The transactions by designated persons above threshold approved by Board is subject to preclearance by compliance officer. Company Secretary has been appointed as the Compliance Officer for purpose of Insider Trading Regulations.

Designated persons have made annual disclosure to Company as per requirements of Insider Trading Regulations and Company''s Code of Conduct. The Code is available on website of the Companvatwww.globalpetind.com.

20. DISCLOSURES BY DIRECTORS

Based on the declarations and confirmations received in terms of provisions of the Companies Act, 2013, circular(s) / notification(s) / direction(s) issued by the RBI and other applicable laws, none of the Directors on the Board of your Company are disqualified from appointment as Directors.

Declaration of Independent Directors

The Company has received the necessary declarations from the Independent Directors under Section 149(7) of the Act and Regulation 2 5 of the SEB1 Listing Regulations, that they meet the criteria of Independence laid down in Section 149(6) oftheActand Regulation 16(l)(b) of the SEBI Listing Regulations. The Independent Directors have also confirmed compliance with the provisions of Rule 6 of Companies (Appointment and Qualifications of Directors) Rules, 2014, as amended, relating to inclusion of their name in the databank of Independent Directors. The Independent Directors have confirmed that they are not aware of any circumstances or situation, which exists or reasonably anticipated that could impair or impact his /her ability to discharge his/her duties with an objective independent judgmentand without any external influence.

The Board after taking these declarations/ disclosures on record and acknowledging the veracity of the same, is of the opinion that the Independent Directors of the Company possess requisite qualifications, experience, expertise, hold highest standards of integrity and are Independent of the Management of the Company. The terms and conditions of appointment of Independent Directors are available on the website of the Company at www.globalpetind.com.

21. FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS

Pursuant to Regulation 25(7) of the SEBI Listing Regulations, the Company has put in place a system to familiarize its Independent Directors. The familiarization program aims to provide knowledge/information to the Independent Directors about their roles, responsibilities in the Company, nature of the industry, business model, processes, policies and the technology and the risk management system of the Company, the operational and financial performance of the Company, significant development so as to enable them to take well informed decisions in timely manner. During the Financial Year 202 3-2024, the Independent Directors were updated from time to time on continuous basis on the significant changes in the regulations, duties and responsibilities of Independent Directors under the Act, and SEBI Listing Regulations.

The details of familiarization programmes for the Independent Directors are disclosed on the Company''s website at www.globalDetind.com.

22. POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION

The Board has, on the recommendation of the Nomination & Remuneration Committee framed a Nomination & Remuneration policy. This policy inter alia provides:

(a) The criteria for determining qualifications, positive attributes and independence of Directors; and

(b) Policy on remuneration of directors, key managerial personnel and other employees.

The Policy is directed towards a compensation philosophy and structure that will reward and retain talent. The Nomination & Remuneration Policy is stated in the Corporate Governance Report and is also available on the Company''s website at www.globalpetind.com

23. DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant to Section 134(3) (c) of the Companies Act, 2013 and to the best of Board''s knowledge and belief and according to the information and explanations obtained by them, your Directors confirm the following statements:

(a) in the preparation of the annual accounts for the Financial Year ended on March 31, 2024, the applicable accounting standards and Schedule III of the Companies Act, 2013, 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 judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs ofyour Company as at March 31,2024 and of the Profits of the Company for the Financial Year ended March 31,2024;

(c) proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the

Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

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

(e) proper internal financial controls laid down by the Directors were followed by the Company and that such internal financial controls are

adequate and were operating effectively; and

(f) proper systems to ensure compliance with the provisions of all applicable laws were in place and that such systems were adequate and

operating effectively.

24. AUDITORS

> Statutory Auditor

As per Section 139 of the Act read with the Companies (Audit and Auditors) Rules, 2014, the members of the Company at the Annual General Meeting held on September 30, 2019 approved the appointment of M/s. Manhar Mandaliya & Co., Chartered Accountants (Firm Registration No: 126583W) as the Statutory Auditors of the Company for a term of 5 years till the conclusion of the 11th Annual General Meeting.

Further, the Board proposes to appoint M/s. NDAA& Associates LLP (Firm Registration No. 129486W/W100775) as Statutory Auditors of the Company to hold office for the period of 5 Years from the conclusion of this Annual General Meeting (AGM) till the conclusion of the AGM of the Company to be held for the financial year 2028-29 upon completion of the term of M/s. Manhar Mandaliya & Co., Chartered Accountants (Firm Registration No: 126583W).

> Secretarial Auditor:

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company had appointed M/s. HRU and Associates, Practicing Company Secretaries to undertake the Secretarial Audit of the Company for the Financial Year ended March 31, 2024. The secretarial audit report forms a part of this Annual Report and is annexed as Annexure 3.

> Internal Auditor:

M/s. Adatiya & Associates, Chartered Accountants, performed the duties of internal auditors of the Company for the Financial Year 2023-24 and their report is reviewed by the Audit committee.

> Cost Auditor:

The Maintenance of the cost records, for the services rendered by the Company is not required pursuant to Section 148(1) of the Act, read with Rule 3 of the Companies (Cost Records and Audit) Rules, 2014 and accordingly it is not required to appoint Cost Auditor.

25. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SECTION 143 (12) OF THE ACT

During the year under review, no instances of fraud committed against the Company by its officers or employees were reported by the Statutory Auditors and Secretarial Auditors under Section 143(12) of the Act to the Audit Committee or the Board of Directors of the Company. _

26. INTERNAL FINANCIAL CONTROL SYSTEM AND THEIR ADEQUACY

The Board has laid down standards, processes and procedures for implementing the internal financial controls across the organization. After considering the framework of existing internal financial controls and compliance systems, work performed by the Internal, Statutory and Secretarial Auditors and external consultants; reviews performed by the Management and relevant Board Committees including the Audit Committee, the Board is of the opinion that the Company''s internal financial controls with reference to the financial statements were adequate and effective during the Financial Year under review. The Company continues to ensure proper and adequate systems and procedures commensurate with its size and nature of its business.

27. CORPORATE SOCIAL RESPONSIBILITY

As per the provisions of Section 135 ofthe Companies Act, 2013, your Company is not required to contribute funds for CSR.

28. ANNUAL RETURN

A copy of the annual return as provided under section 92(3) of the Act, in the prescribed form, which will be filed with the Registrar of Companies/MCA, is placed on Company''s website at www.globalpetind.com.

29. PARTICULARS OF EMPLOYEES

Your Company had 106 employees as on March 31, 2024. The statement containing particulars of employees as required under Section 197(12) ofthe Act, read along with Rule 5(2) and 5(3) ofthe Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is not applicable to the Company as no employees were in receipt of remuneration above the limits specified in Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

Further, the ratio of the remuneration of each Director to the median employee''s remuneration and other details in terms of Section 197(12) ofthe Act read along with Rule 5(1) ofthe Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is annexed herewith as Annexure C and forms part of this report.

Your directors would like to record their appreciation of the efficient and loyal service rendered by the employees.

30. PREVENTION OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE

The Company is committed to upheld and maintain the dignity of woman employees and to provide a safe and conducive work environment to all its employees and associates working in the Company.

During the Year under review the company has not received any complaints on sexual harassment.

31. RISK MANAGEMENT

Pursuant to Section 134 (3)(n) ofthe Act and Regulation 4(2) (f) ofSEBl Listing Regulations, the Company has put in place comprehensive Risk Management Policy which inter alia, includes identification of elements of those risks which in the opinion of the Board may threaten the existence of the Company. Further, the Company has adequate risk management mechanism and same is periodically reviewed by the Audit Committee and Board. The major risk identified by the business are systematically addressed through mitigating actions on a continuing basis and cost-effectively risks are controlled to ensure that any residual risks are at an acceptable level. The Company has been addressing various risks impacting the Company and brief view ofthe Company on risk management has been disclosed in the Management DiscussionandAnalysis Report.

32. VIGIL MECHANISM/ WHISTLE BLOWER POLICY

In Compliance with Section 177(9) of the Act and Regulation 22 of SEB1 Listing Regulation, the Company has adopted a Whistle Blower Policy. The Audit Committee oversees the functioning of this policy. The Company''s vigil mechanism/ Whistle blower Policy aims to provide the appropriate platform and protection for Whistle Blowers to report instances of fraud and mismanagement, if any, to promote reporting of any unethical or improper practice or violation of the Company''s Code of Conduct or complaints regarding accounting, auditing, internal controls or suspected incidents of violation of applicable laws and regulations including the Company''s ethics policy or Code of Conduct for Prevention of Insider Trading in the Company, Code of Fair practices and Disclosure.

The Vigil Mechanism provides a mechanism for employees of the Company to approach the Chairperson of the Audit Committee of the Company for redressal. Details of the Vigil Mechanism and Whistle blower policy are made available on the Company''s website at www.globalpetind.com.

During the Financial Year 2023-24, no cases under this mechanism were reported to the Company.

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

There are no significant and material orders passed by the Regulators / Courts / Tribunal which would impact the going concern status of the Company and its future operations.

34. ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING & OUTGO

The details in respect of conservation of Energy, Technology Transfer and Foreign Exchange Earning and outgo is as stated in the Annexure-5.

35. LISTING WITH STOCK EXCHANGES

The Equity Shares of the Company got listed on the NSE Emerge platform with effect from July 10, 2023. The Listing fees to these Stock Exchanges and custodian fees to NSDL and CDSL have been paid by the Company for the Financial Year 2023-2024.

36. THE DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME SETTLEMENT AND WHILE TAKING LOAN FROM THE BANKS ORFINANCIAL INSTITUTION

No such instance of one-time settlement or valuation was done while taking or discharging loan from the Banks/ Financial institutions occurred during the year.

37. PROCEEDINGS PENDING UNDERTHEINSOLVENCE AND BANKRUPTUCYCODE

There are no such proceedings or appeals pending under Insolvency and Bankruptcy Code, 2016 during the year and at the end of the Financial Year 2023-2024.

38. SECRETARIAL STANDARDS OF ICSI

Your Company has complied with the applicable Secretarial Standard with respect to meetings of Board and its Committees and General Meetings respectively issued by the Institute of Company Secretaries of India.

39. STATUTORY DISCLOSURES

• The financial statements of the Company are placed on the Company''s website www.globalpetind.com

• The directors'' responsibility statement as required by section 134(5} of the Act, appears in this report.

• There is no change in the nature of business of the Company during F inancial Year 2024.

• A Cash Flow Statement for Financial year 202 3-2024 is attached to the Balance Sheet.

• The Company being listed on Emerge platform ofthe NSE Limited, Regulations 17,17A, 18,19,20,21,22,23,24,24A, 25,26,27 and clauses (b) to (i) and (t) of sub-regulation (2} ofRegulation46andpara C, D and E of Schedule V of SEBI (LODR) Regulation, 2015 is not applicable.

40. ACKNOWLEDGMENT

Your Board takes this opportunity to place on record our deep appreciation to our Shareholders, Customers, Business Partners, Vendors, Bankers, Financial Institutions, Stock Exchange, Regulatory and Government Authorities and other Stakeholders at large for all support rendered during the year under review. We strive to build rewarding relationships with our stakeholders - clients, employees, shareholders, business partners, communities and regulators - for achieving our long-term vision aligned with our stakeholders'' interests.

The Directors also thank the Government of India, Governments of various states in India and concerned Government departments and agencies for their co-operation. The Directors hereby acknowledge the dedication, loyalty, hard work, cooperation, solidarity and commitment rendered by the employees ofthe Company during the year.

The Board also places its gratitude and appreciation for the support and co-operation from its members and other regulators.