Shricon Industries Ltd. ನಿರ್ದೇಶಕರ ವರದಿ

Mar 31, 2026

Your Directors have pleasure in presenting their 40^th Annual Report together with Audited Statement of Accounts for the year ended on 31^st March, 2026.

In compliance with the applicable provisions of Companies Act, 2013, (including any statutory modification(s) or re-enactment(s) thereof, for time being in force) (“Act”) and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), this report covers the financial results and other developments during the financial year ended on 31^st March, 2026, in respect of Shricon Industries Limited.

1. Financial Highlights and State of Affairs of the Company:

The detailed financial statement of the Company for the financial year 2025-26 is attached with this report. However, the performance of the Company for the financial year ended on 31^st March, 2026 is summarized below:

Particulars	Year ended 31.03.2026 (in Lacs)	Year ended 31.03.2025 (in Lacs)
Income (Gross)	403.39	58.83
Expenditure	223.25	73.66
Profit/(Loss) before Exceptional and extraordinary Items and tax	180.14	(14.83)
Less: - Tax Expense	32.30	0.00
Profit/ (Loss) after Tax	147.84	(14.83)

During the Financial Year 2025-26 there is Revenue of Rs. 403.39 Lacs from operation. The Company has other income of Rs. 17.24/- Lacs during the financial year 2025-26 as compared to previous financial year 2024-25 of Rs. 6.67/- Lacs. During the year, Company has Profit/ (Loss) after tax of Rs. 147.84/- Lacs.

2. Financial Performance and Key Business Developments:

Performance of the Company and particulars of some of the key business developments which took place during the financial year 2025-26 have been detailed out in the Management Discussion and Analysis Report which forms part of Directors'' Report.

3. Dividend and Reserves

The Company has not declared any Dividend during the financial year 2025-26. During the year under review, the Company has not transferred any amount to any of the reserves maintained by the Company.

4. Share Capital

The paid-up equity share capital of the Company as on March 31, 2026 was ? 124 Lakhs comprising of 12,40,000 equity shares having face value of ? 10 each. During the year, the Company had neither issued any shares nor instruments convertible into equity shares of the Company or with differential voting rights.

5. Material changes and commitments, if any, affecting the financial position of the Company which have occurred between the end of the financial year of the Company to which the financial statements relate and the date of the report

There are no material changes and commitments affecting the financial position of the company between the end of financial year and the date of report.

6. Public Deposits

During the year, your Company has neither invited not accepted any deposits from the public within the meaning of section 2(32) and 74 of the Companies Act, 2013 and as such, no amount of principal or interest on deposit was outstanding as of the balance sheet date.

7. Subsidiary Companies

During the year, the Company has no subsidiary Company therefore there is need not to submit any information and documents pertaining to subsidiary company under the Companies Act, 2013 and Listing Regulation.

8. Financial Position and Performance of Subsidiaries, Joint Ventures and Associates

During the year, the Company has no subsidiary Company and Joint Ventures and Associates therefore there is need not to submit any information and documents pertaining to subsidiary company under the Companies Act, 2013 and Listing Regulation.

9. Disclosure of Accounting Treatment:

Pursuant to the provisions of the Act, the Financial Statements of the Company have been prepared in accordance with the Indian Accounting Standards notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time

Your Company is not required to consolidate financial statements therefore Accounting Standard 21 issued by the Institute of Chartered Accountants of India not applicable. Further, Section 129(3) read with Rule 5 of Companies (Accounts) Rules, 2014 is not applicable on your Company.

10. Corporate Governance

The Company has been complying with the principles of good Corporate Governance over the years and is committed to the highest standards of compliance. Pursuant to Regulation 34(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018 a report on Corporate Governance forms an integral part of this Annual Report.

Pursuant to the Listing Agreement read with Regulation 15(2) of the SEBI (LODR) Regulations 2015, the compliance with the corporate governance provisions as specified in regulation 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clause (b) to (i) of sub regulation (2) of regulation 46 and Para C, D and E of Schedule V shall not apply the Company.

11. Management Discussion And Analysis Report

Pursuant to Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred as “SEBI’s Listing Regulations”), the operations of the company are reviewed in detail in the Management Discussion and Analysis Report are forming part of Report.

12. Directors’ Responsibility Statement

Pursuant to the requirements of Section 134 of the Companies Act, 2013 and to the best of their knowledge & belief and according to the information and explanations obtained, your Directors state that:

a) in the preparation of the annual accounts, the applicable accounting standards have been followed and proper explanations provided relating to material departures, if any;

b) such accounting policies have been selected and applied consistently and judgments and estimates made 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) 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) requisite internal financial controls were laid down and that financial control are adequate and are operating effectively; and

f) Proper systems have been devised to ensure compliance with the provisions of all applicable laws and such systems are adequate and operating effectively.

13. Internal Control System and their adequacy

The Company has proper and adequate internal control systems, which ensure that all assets are safeguarded against loss from unauthorized use and all transactions are authorized, recorded and reported correctly. The Management continuously reviews the internal control systems and procedures to ensure orderly and efficient conduct of business. Internal audits are regularly conducted, using external and internal resources to monitor the effectiveness of internal controls. M/s. Kamal Gupta & Co. Chartered Accountants, is the Internal Auditor of the Company, who conducts audit and submit quarterly reports to the Audit Committee.

14. Risk Management:

The constitution of a Risk Management Committee is not applicable as the requisite statutory criterion does not trigger formation of the said Committee. However, the Board of Directors have formulated a Risk Management Policy consisting of various elements of risk and mitigation measures.

The Board of Directors of the Company is responsible for overseeing the implementation of the Risk Management Policy. In the opinion of the Board, the policy on risk management addresses the risks associated with the business including identification of elements of risks which may threaten the existence of the Company. The Board of Directors/Audit Committee reviews the risk assessment and mitigation procedures across the entity from time to time. The critical enterprise level risks of the Company and the mitigation measures being taken are provided in the Management Discussion and Analysis Report.

15. Details of Board Meetings:

During the year under review, the Board met five times viz. on May 26, 2025, June 20, 2025, July 22, 2025, November 10, 2025 and February 06, 2026. The necessary quorum was present during all the meetings. The Notice along with Agenda of each Board Meetings were given to each Director of the Company.

The intervening gap of the board meetings were within the period as prescribed under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

16. Committees of the Board:

a) Audit Committee;

The Audit Committee of the Board of Directors of the Company comprises 3 (three) Member-Directors with majority being Independent. During the year, Mr. Praveen Chandna being appointed as Chairman of the Committee dated July 22, 2025 in place of Mr. Rahul Rohira, who resigned w.e.f June 27, 2025. During the year under review, all the recommendations/ submissions of the Audit Committee were accepted by the Board of Directors. Further the members of the Committee are competent to read and understand the Financial Statements.

In line with the provisions of Section 177 (8) of the Companies Act, 2013, the composition of the Committee is as below:

1. Mr. Praveen Chandna as Chairman of the Audit Committee (Independent Director)

2. Mr. Manish Gupta as Member of the Audit Committee (Independent Director)

3. Mr. Om Prakash Maheshwari as Member of the Audit Committee (Non-executive Director)

b) Nomination and Remuneration Committee;

The Nomination and Remuneration Committee of the Company comprises 3 (three) Members-Directors. One of the Independent Directors holds the position of Chairperson of the Committee. During the year under review, Mr. Praveen Chandna being appointed as Member of the Committee dated July 22, 2025 in place of Mr. Rahul Rohira, who resigned w.e.f June 27, 2025.

c) Stakeholder Relationship Committee;

The Stakeholders Relationship Committee of the Company comprises 3 (three) Members-Directors. Mr. Praveen Chandna being appointed as Member of the Committee dated July 22, 2025 in place of Mr. Rahul Rohira, who resigned w.e.f June 27, 2025.

d) TCWG Committee.

In terms of Circular dated 7th January, 2026 by National Financial Reporting Authority (NFRA), a Committee titled ‘Those Charged with Governance’ (TCWG) was formed on 06th February, 2026. The Chairman of the Committee is Mr. Om Prakash Maheshwari and Members comprise of Mr. Praveen Chandna, Mr. Manish Gupta and Mr. Sheetal Jain, Directors of the Company. The two-way communication has been approved by the Committee, and the bi-annual meetings have been convened, as per the requirements of the aforesaid circular, as on the date of this report.

17. Directors

During the year ended on March 31, 2026 your Company’s Board of Directors (“Board”) had five members comprising of one Executive Director and four Non-Executive Directors wherein two are Independent Directors.

In accordance with the provision of Section 152 of the Act, read with rules made thereunder and Article of Association of the Company, Mrs. Neelima Maheshwari (DIN 00194928), Non-Executive Director, is liable to retires by rotation at the ensuing AGM and being eligible, offers herself for reappointment. The Board recommends her re-appointment.

During the Financial Year 2025-26, the Board on the recommendation of NRC and in accordance with provisions of the Act and SEBI Listing Regulations:

• Mr. Sheetal Jain (DIN: 11144589) was appointed as Additional Executive Director on the Board of the Company w.e.f June 20, 2025. At the 39^th AGM held on August 29, 2025 the Members approved his appointment as Executive Directors of the Company for a period of 5 years i.e., from June 20, 2025 to June 19, 2030 (both days inclusive).

• Mr. Praveen Chandna (DIN: 11180384) was appointed as Additional and Non-Executive Independent Director on the Board of the Company w.e.f July 22, 2025. At the 39^th AGM held on August 29, 2025 the Members approved his appointment as Independent Directors of the Company for a period of 5 years i.e., from July 22, 2025 to July 21, 2030 (both days inclusive).

• Mr. Girish Suman appointed as Chief Financial Officer (CFO) of the Company as on dated July

22, 2025

Further, Mr. Rahul Rohira, Independent Director has resigned from Directorship of the Company June 27, 2025 and Mr. Piyush Gupta as Chief Financial Officer (CFO) of the Company resigned on July 03, 2025.

The Board places on record its sincere appreciation for contributions and extends gratitude to Mr. Rahul Rohira and Mr. Piyush Gupta for their invaluable service as Director and Chief Financial Officer (CFO) respectively on the Board. Their insightful contributions have played a pivotal role in steering the Company’s strategic direction and fostering growth.

The disclosures required pursuant to Regulation 36 of the SEBI Listing Regulations and the Secretarial Standard - 2 (“SS-2”) on General Meetings are given in the Notice of AGM, forming part of the Annual Report.

18. Declaration by Independent Directors

Your Company has received declarations from all the Independent Directors confirming that they meet the criteria of Independence as prescribed under the provisions of the Companies Act, 2013 read with the schedules and Rules issued there under as well as Regulation 16(1)(b) of Listing Regulations (including any statutory modification(s) or re-enactment(s) for the time being in force).

The details of programs for familiarization of Independent Directors with the Company, their roles, rights, responsibility in the Company, nature of the industry in which the Company operates and other related matters are put on the website of the Company at the link: www.shricon.in

19. Key Managerial Personnel

The following employees were designated as whole-time key managerial personnel by the Board of Directors during the year under review:

1. Mr. Manoj Jain as Chief Executive Officer (CEO),

2. Mr. Girish Suman as Chief Financial Officer (CFO)

During the year Mr. Rinku Goyal the Company Secretary & Compliance Officer of the Company has resigned with effect from 30^th March, 2026.

20. Auditors

(a) Statutory Auditors and Auditors’ Report

M/s. R S Dani & Co., Chartered Accountants (ICAI Firm Registration No. 000243C) was appointed as Statutory Auditors of the Company for a period of five consecutive years at the Annual General Meeting (AGM) of the Members held on June 28, 2024 to hold office from the conclusion of the 38th AGM of the Company till the conclusion of the 42nd AGM at a remuneration mutually agreed upon by the Board of Directors and the Statutory Auditors.

Due to the expiration of the Peer Review Certificate of the firm, M/s. R S Dani & Co., Chartered Accountants (ICAI Firm Registration No. 000243C) has resigned as Statutory Auditor.

Pursuant to the provisions of Section 139 of the Act, the Board has appointed M/s Birla and Associates, Chartered Accountants (Firm Registration No. 019911C), as Statutory Auditors to fill the casual vacancy caused by the resignation of M/s. R S Dani & Co., who shall hold the office upto the date of Annual General Meeting.

Thereafter the Board also proposed the appointment of M/s Birla and Associates, Chartered Accountants (Firm Registration No. 019911C), as Statutory Auditors of the Company for a period of five (5) years subject to the approval of the shareholders in the ensuing Annual General Meeting from the conclusion of 40th Annual General Meeting till the conclusion of the 45th Annual General Meeting of the Company to be held in the year 2031.

The Statutory Auditor’s Report forms part of the Annual Report. The Statutory Auditor’s report does not contain any qualification, reservation or adverse remark for the year under review.

Reporting of Frauds by Auditors:

During the year under review, there were no instances of fraud which required the Statutory Auditors to report it to the Central Government under Section 143(12) of Act and Rules framed thereunder. The Company has investigated and taken appropriate action against all incidents reported and continuously works on improving the internal controls.

(b) Secretarial Auditor and Auditors’ Report

Pursuant to Section 204 of the Companies Act, 2013 read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, Company had appointed M/s. Bharat Rathore & Associates, Practicing Company Secretaries, Kota (Firm Registration No. S2018RJ589300) as Secretarial Auditor of the Company for a term of five (5) consecutive financial years commencing from the financial year 2025-26 to 2029-30.

In accordance with the Section 204 of the Act, M/s. Bharat Rathore & Associates, have submitted their Secretarial Audit report in prescribed format and the same has been attached at Annexure-1.

The report so submitted is self-explanatory and does not call for any further explanation(s) / comment(s).

The Secretarial Audit Report does not contain any qualification, reservation or adverse remark.

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

(c) Internal Auditor

Pursuant to Section 138 of the Companies Act, 2013 read with Companies (Accounts) Rules, 2014, and based on the recommendation of the Audit Committee, the Board has appointed M/s Kamal Gupta & Co., Chartered Accountants, (Firm Registration No. 031182C) as the Internal Auditors of the Company for the Financial Year 2025-2026. The scope and fee of internal audit was fixed by the Board on recommendation of Audit Committee. The Internal Auditors present their audit report before the Audit Committee on a quarterly basis.

(d) Cost Records and Cost Auditors

During the year under review, the Company is not required to maintenance of cost records and requirement of cost audit as specified by the Central Government under sub-Section (2) of Section 148 of the Companies Act, 2013.

21. Valuation for one time settlement

There was no instance of one time settlement with any bank or financial institution.

22. Separate Meetings of Independent Director

In terms of requirements of Schedule IV of the Companies Act, 2013, meeting of the Independent Directors of the Company conducted separately, without the attendance of Non- Independent Directors, or any other official of the Company or members of its management, to review the performance of Non- Independent Directors (including the Chairman), the entire Board and the quality, quantity and timeliness of the flow of information between the Management and the Board. The Company received the Annual disclosure(s) from all the Directors disclosing their Directorship and Interest in other Companies in specified formats prescribed in Companies Act, 2013 and the Board took note of the same in its Board Meeting.

Pursuant to the requirements of Schedule IV to the Companies Act, 2013 and Listing Regulations, a separate Meeting of the Independent Directors of the Company was held on March 23, 2026.

23. Particulars of Loans, Guarantees or Investment

Details of loans, guarantees and investments covered under the provisions of Section 186 of the Companies Act, 2013 read with the Companies (Meetings of Board and its Powers) Rules, 2014, as on 31st March, 2026 are given in the notes forming part of the financial statements.

24. Particulars of Contract or arrangement with Related Parties

All related party transactions (RPTs) which were entered into during the financial year were on arm’s length basis and did not attract provision of Section 188 of the Companies Act, 2013. There were materials transactions entered with related parties, during the year under review, which have been disclosed in Form AOC-2 as an Annexure-2. All transactions (if any) covered under Related Party Transactions are regularly/periodically ratified and/or approved by the Board/Audit Committee.

The Related Party Transaction Policy as approved by the Board is uploaded on the Company’s website at the web link: www.shricon.in.

All the related party transactions are entered into at arm’s length in the ordinary course of business and are in compliance with the applicable provisions of the Act and the Listing Regulation and there are no material significant related party transactions made by the Company with Promoters, Directors or Key Managerial Personnel etc. which may have a potential conflict with the interests of the Company FORM AOC-2 has been attached with this Directors Report.

25. Particulars of Employees

The information required under Section 197(12) of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, as amended, the name and other particulars of employees are to be set out in the Directors’ Report as an addendum or annexure thereto.

However, in line with the provisions of Section 136(1) of the Act, the Report and Accounts as set out therein, are being sent to all Members of your Company and others entitled thereto, excluding the aforesaid information about the employees. Any Member who is interested in obtaining these particulars may write to the Compliance Officer at the Registered Office of the Company.

None of the employee listed in the said Annexure is a relative of any director of the Company. None of the employee holds (by himself or along with his spouse and dependent Children) more than two percent of the Equity shares of the Company.

26. Energy Conservation, Technology Absorption and Foreign Exchange Earnings and Outgo

Consider the business activities of the Company the requirement relating to providing the particulars relating to conservation of energy and technology absorption stipulated in Rule 8 of the Companies (Accounts) Rules 2014 required to be furnished u/s.134 (3)(m) of the Companies Act, 2013 are as follows:

Conservation of Energy:
i	Steps taken or impact on conservation of energy	NA
ii	Steps taken by the Company for utilizing alternate source of energy	NA
iii	Capital investment on energy conservation equipment’s	NA
Techno	ogy absorption:
i	Efforts made towards technology absorption	NA
ii	Benefits derived like product improvement, cost reduction, production development or import substitution	NA
iii	In case of imported technology (imported during last three financial Years reckoned from the beginning of the financial year)	NA
	a) The details of technology imported	NA
	b) The year of import	NA
	c) Whether the technology has been fully absorbed	NA
	d) If not fully absorbed, areas where absorption has not taken place and the reasons thereof.	NA
iv	The expenditure incurred on Research and Development	NA

Foreig	n Earnings & Outgo:
Sr. No.	Particulars	2025-2026	2024-2025
A	Total Earning for Foreign Exchange	NIL	NIL
1	FOB Value of Exports	NIL	NIL
2	Services rendered	NIL	NIL
B	Total Outgo in Foreign Exchange	NIL	NIL
1	Travelling expenses	NIL	NIL
2	Dividend payment	NIL	NIL
3	Other expenses	NIL	NIL

27. Whistle Blower & Vigil Mechanism

In compliance with the provisions of Section 177(9) of the Companies Act, 2013, the Company has formulated a Whistle Blower Policy to establish a vigil mechanism for Directors and employees of the Company to report concerns about unethical behavior, actual or suspected fraud or violation of the Company’s code of conduct or ethics policy. The mechanism under the policy has been appropriately communicated within the organization. The Whistle Blower Policy is available on the website of the Company.

28. Performance Evaluation

Pursuant to the provisions of the Companies Act, 2013 read with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has carried out the process of annual performance evaluation of the Board and Committees in FY’ 2025-26. The evaluation criteria, inter alia, covered various aspects of the Board’s functioning including its composition, execution and performance of specific duties, obligations and governance. The performance of individual directors was evaluated on parameters such as Attendance and participation in the Meetings, Contribution towards growth of the Company, Leadership initiative, Team work attributes and supervision of staff members, Compliance with policies, safeguarding the interest of the Company etc. The Directors expressed their satisfaction with the evaluation process.

29. Key Parameters for appointment of Directors and Key Managerial Personnel

The Nomination and Remuneration Committee has formulated a detailed policy for appointment of directors, key managerial personnel which is designed to attract, motivate and retain best talent. This policy applies to directors, senior management including its Key Managerial Personnel (KMP) and senior management of the Company. The remuneration of the Executive Directors and KMPs of the Company is recommended by the Nomination and Remuneration Committee based on the Company’s remuneration structure taking into account factors such as level of experience, qualification and suitability. The Company generally pays remuneration by way of salary, perquisites and allowances.

30. Policies of the Company

Your Company has posted the following documents on its website www.shricon.in.

1. Code of Conduct and Ethics

2. Whistle Blower Policy

3. Related Party Transaction Policy

4. Familiarization Program.

5. Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of Trading by insiders

6. Remuneration Policy

7. Code of Fair Disclosure

8. Risk Management Policy

31. Human Resource:

The Company aims to align HR practices with business goals, increase productivity of Human resources by enhancing knowledge, skills and to provide a conducive work environment to develop a sense of ownership amongst employees. Productive high performing employees are vital to the Company’s success. The contribution and commitment of the employees towards the performance of the Company during the year were valued and appreciated. The Company recruited employees during the year for various positions and promoted employees to take up higher responsibilities. Apart from fixed salaries, perquisites and benefits, the Company also has in place performance-linked incentives which reward outstanding performers, who meet certain performance targets. In pursuance of the Company’s commitment to develop and retain the best available talent, the Company had organized and sponsored various training programmes / seminars / conferences for upgrading skill and knowledge of its employees in different operational areas.

Employee relations remained cordial, and the work atmosphere remained congenial during the year.

32. Significant and Material Orders Passed by the Regulators or Courts

During the financial year under review, no significant or material orders were passed by any Regulatory/ Statutory Authorities or the Courts or tribunals which would impact the going concern status of the Company and its future operations.

33. Extract of Annual Return

Pursuant to Section 92(3) and 134(3)(a) of the Companies Act, 2013 the Annual Return of the Company prepared in accordance with Section 92(1) of the Companies Act, 2013 read with Rule 11 of the Companies (Management and Administration) Rules, 2014 (as amended), is placed on the website of the Company. The web-address as disclosed on the website at https://shricon.in/annual-return

34. Corporate Social Responsibility

The Company has not developed and implemented any Corporate Social Responsibility initiatives as the provisions of Section 135 of Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2014 does not applicable to the Company.

35. Annual Secretarial Compliance Report

Annual Secretarial Compliance Report under regulation 24A of SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015 (“SEBI LODR”) read with SEBI Circular dated February 08, 2019 number CIR/CFD/CMDI/27/2019, is not applicable to the Company.

Further we would like to clarify that the Company claimed exemption under regulation 15(2) of SEBI LODR as the Company’s equity shares are listed on SME Platform of BSE LIMITED. As per regulation 15(2) of SEBI LODR, inter alia, the compliance with the provisions as specified in regulation 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clause (b) to (i) of sub regulation (2) of regulation 46 and Para C, D and E of Schedule V shall not apply in respect of the listed entity which has listed its specified securities on the BSE SME Exchange.

36. Disclosure under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013:

The Company has in place a Sexual Harassment Policy in line with the requirement of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal

Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment.

All employees (permanent, contractual, temporary, trainees) are covered under the policy. The following is a summary of sexual harassment complaints received and disposed off during the year 2025-26:

No. of complaints received : Nil

No. of complaints disposed off : Nil

37. Compliance with the Maternity Benefit Act, 1961:

The Company remains committed to strengthening support for women employees and ensures compliance with the applicable provisions of the Maternity Benefit Act, 1961, supported by well-established policies, systems, and processes for sustained adherence.

38. Business Responsibility and Sustainability Report:

Pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018 as amended from time to time, the initiatives taken by the Company from an environmental, social and governance perspective for the Financial Year 2025-26 has been given in the Business Responsibility and Sustainability Report (BRSR) as per the format specified by SEBI Circular no. SEBI/HO/CFD/CMD- 2/P/CIR/2021/562 dated 10th May, 2021 which forms part of this report. Not Applicable, pursuant of the regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018 as amended from time to time the requirement of submitting a business responsibility report shall be discontinued after the financial year 2021-22 and thereafter, with effect from the financial year 2022-23, the top one thousand listed entities based on market capitalization as on 31.03.2025 shall submit a business responsibility and sustainability report in the format as specified by the Board from time to time. Our company is not in top 1000 companies list provided by the BSE based on market capitalization as on 31^st March, 2026.

39. Green Initiative

Your Company has taken the initiative of going green and minimizing the impact on the environment. The Company has been circulating the copy of the Annual Report in electronic format to all those Members whose email addresses are available with the Company. Your Company appeals other Members also to register themselves for receiving Annual Report in electronic form.

40. Additional Information to Shareholders

All important and pertinent investor information such as financial results, investor presentations, press releases, new launches and updates are made available on the Company''s website (https://shriconl.in/) on a regular basis.

41. Secretarial Standards:

The Directors state that applicable Secretarial Standards, i.e. SS-1 ''Meetings of the Board of Directors'', SS-2 ''General Meetings'' and SS-3 Secretarial Standard on Dividend relating to respectively, have been duly followed by the Company.

42. Changes in the Nature of Business, if Any

During the reporting year the Company provided real estate services and ecommerce services and hence, there was no change in the nature of business or operations of the Company which impacted the financial position of the Company. Further, your company in its e-commerce activities, obtained a Drug License dated 15.07.2025 for trading in pharmaceutical and healthcare product segment, the same was reported to BSE as per regulation 30 of SEBI (LODR) Regulations, 2015.

While this development does not represent an immediate change in the existing business operations, it marks a significant strategic step toward diversification. The acquisition of the drug license enables the Company to enter into the pharmaceutical and healthcare product segment, particularly through its e-commerce platform. This will potentially expand the scope of products and services offered by the Company in future periods. The impact of this addition will be reviewed and disclosed in subsequent reports as and when material operations commence under the new license.

43. Particulars of Remuneration

Details as required under the provisions of Section 197(12) of the Companies Act, 2013, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, are placed on the Company’s website www.shricon.in as an annexure to the Board’s Report.

A physical copy of the same will be made available to any shareholder on request, as per provisions of Section 136(1) of the said Act. Details as required under the provisions of Section 197(12) of the Companies Act 2013, read with Rule 5(2) and 5(3) of the said Rules, which form part of the Board’s Report, will be made available to any share holder on request, as per provisions of Section 136(1) of the said Act.

44. Proceedings under Insolvency and Bankruptcy Code, 2016

During the year under review, there were no proceedings that were filed by the Company or against the Company, which are pending under the Insolvency and Bankruptcy Code, 2016 as amended, before National Company Law Tribunal or other Courts.

45. Industrial Relations

Industrial Relations continued to remain peaceful and cordial throughout the year. We value the long association of our stakeholders to sustain industrial harmony and create a positive work environment. By introducing various new work practices we have succeeded in enhancing manpower productivity & attendance to the optimum.

46. Acknowledgements and Appreciation

Your Directors are thankful to all the shareholders, Advisors, Bankers, Governmental Authorities, media and all concerned for their continued support. The Directors acknowledge the commitment and contribution of all employees to the growth of the Company. Our consistent growth was made possible by their hard work, solidarity, cooperation and support.

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Mar 31, 2024

The Directors have pleasure in presenting their 38th Annual Report together with Audited Statement of Accounts for the year ended on 31st March, 2024.

1. Operations and State of Affairs of the Company:

The detailed financial statement of the Company for the financial year 2023-24 is attached with this report. However, the performance of the Company for the financial year ended on 31st March, 2024 is summarized below:

	Year ended	Year ended
Particulars	31.03.2024	31.03.2023
	(in Lacs)	(in Lacs)
Income (Gross)	154.58	170.24
Expenditure	67.50	49.27
Profit/(Loss) before Exceptional and extraordinary Items and tax	87.08	120.97
Less:- Tax Expense	0.02	0.02
Profit/ (Loss) after Tax	87.06	120.95

During the Financial Year 2023-24 there is Revenue of Rs. 57.42 Lacs from operation. The Company has other income of Rs. 154.58/- Lacs during the financial year 2023-24 as compared to previous financial year 2022-23 of Rs. 170.24/- Lacs. During tine year, Company has Profit after tax of Rs. 87.08/- Lacs.

2. Share Capital

The paid-up Equity Share Capital as at March 31, 2024 stood at Rs. 124 Lacs. There was no change in the paid-up share capital during the year under review.

3. Dividend and Reserves

The company has not declared any Dividend during the financial year 2023-24. During the year under review, the Company has not transferred any amount to any of the reserves maintained by the Company.

4. Material changes and commitments, if any, affecting the financial position of the Company which have occurred betw een the end of the financial year of the Company to w hich the financial statements relate and the date of the report

There are no material changes and commitments affecting the financial position of the company between the end of financial year and the date of report.

5. Consolidated Financial Statements and Cash Flow Statement

Your Company is not required to consolidate financial statements therefore Accounting Standard 21 issued by the Institute of Chartered Accountants of India not applicable.

Section 129(3) read with Rule 5 of Companies (Accounts) Rules, 2014 is not applicable on your Company.

As stipulated by Clause 32 of the Listing Agreement, Cash flow statement for the financial year ended March 31, 2024 were prepared by the Company in accordance with applicable Accounting Standards issued by the Institute of Chartered Accountants of India and the same together with the Auditor''s Report thereof form part of the Annual Report.

6. Subsidiary Companies

During the year, the Company has no subsidiary Company therefore there is need not to submit any information and documents pertaining to subsidiary company under the Companies Act, 2013 and Listing Regulation.

7. Financial Position and Performance of Subsidiaries, Joint Ventures and Associates

During the year, the Company has no subsidiary Company and Joint Ventures and Associates therefore there is need not to submit any information and documents pertaining to subsidiary company under the Companies Act, 2013 and Listing Regulation.

S. Directors'' Responsibility’ Statement

Pursuant to the requirements of Section 134 of the Companies Act, 2013 and to the best of their knowledge & belief and according to the information and explanations obtained, your Directors state that:

a) in the preparation of the annual accounts, the applicable accounting standards have been followed and proper explanations provided relating to material departures, if any;

b) such accounting policies have been selected and applied consistently andjudgments and estimates made 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) 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) requisite internal financial controls were laid down and that financial control are adequate and are operating effectively; and

f) Proper systems have been devised to ensure compliance with the provisions of all applicable laws and such systems are adequate and operating effectively.

9. Internal Control System and their adequacy

The Company has proper and adequate internal control systems, which ensure that all assets are safeguarded against loss from unauthorized use and all transactions are authorized, recorded and reported correctly. The Management continuously reviews the internal control systems and procedures

to ensure orderly and efficient conduct of business. Internal audits are regularly conducted, using external and internal resources to monitor the effectiveness of internal controls.

10. Details of Board Meetings

During the year under review, the Board met Eight times viz. on May 20, 2023, July 11, 2023, August 10, 2023, September 12, 2023, November 07, 2023, February 02, 2023 March 02^nd, 2024 and March 30^lh, 2024. The necessary quorum was present during all the meetings. The Notice along with Agenda of each Board Meetings were given to each Director of the Company.

The intervening gap of the board meetings were within the period as prescribed under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

All the recommendations made by the Audit Committee were accepted by the Board of Directors at their respective meetings.

Pursuant to the requirements of Schedule TV to the Companies Act, 2013 and Listing Regulations, a separate Meeting of the Independent Directors of the Company was held on February 02, 2024.

Your company’s Board of Directors have constituted the following committees:

a) Audit Committee;

b) Nomination and Remuneration Committee;

c) Stakeholder Relationship Committee;

During the year Annual General Meeting was held on June 19, 2023.

11. Directors and Key Managerial Personnel

As per provision of Section 152(6) of the Act, Mrs. Ncclima Mahcshwari (DIN 00194928), NonExecutive Director, retires by rotation at the ensuing AGM and, being eligible, offers herself for reappointment.

Mr. Inder Prakash Jain (DIN: 00229945) and Mr. Govind Nuwal (DIN: 05162530) has completed their term as Independent Directors as on March 31^st, 2024.

The Board on the recommendation of NRC and in accordance with provisions of the Act and SEBI Listing Regulations:

• The Company has Appointed Mr. Rahul Rohira (DIN: 10555348) and Mr. Manish Gupta (DIN: 10555347) as an Additional and Non-Executive Independent Director on the Board for a tenure of 5 years from March 30^th, 2024 to March 29% 2029 (both days inclusive), subject to approval of Members at this AGM. He shall hold office as Additional Director upto the date of this AGM and is eligible for appointment as an Independent Director.

• Mrs. Neha arvind, Company Secretary & Compliance Officer has resigned with effect from 29^lh June 2023.

• Ms. Deeksha Dugar appointed as Company secretary & Compliance Officer with effect from 11^lh July 2023 and has resigned with effect from 05^,h December, 2023.

• Ms. Bhavika Sharma appointed as Company secretary & Compliance Officer with effect from 2^nd March, 2024.

The disclosures required pursuant to Regulation 36 of the SEBI Listing Regulations and the Secretarial Standards (‘SS’)- 2 on General Meetings are given in the Notice of AGM, forming part of the Annual Report.

12. Declaration by Independent Directors

Your Company has received declarations from all the Independent Directors confirming that they meet the criteria of Independence as prescribed under the provisions of the Companies Act, 2013 read with the schedules and Rules issued there under as well as Regulation 16( 1 )(b) of Listing Regulations (including any statutory modification(s) or re-enactment(s) for the time being in force). The details of programs for familiarization of Independent Directors with the Company, their roles, rights, responsibility in the Company, nature of the industry in which the Company operates and other related matters are put on the website of the Company at the link: www.shricon.in

13. Key Managerial Personnel

The following employees were designated as whole-time key managerial personnel by the Board of Directors during the year under review:

1. Mr. Manoj Jain as Chief Executive Officer (CEO),

2. Mr. Piyush Gupta as Chief Financial Officer (CFO) of the Company,

3. Mrs. Neha Arvind up to 29^th June 2023, Ms. Deeksha Dugar for a period from 11^th July 2023 till 05^,h December, 2023 and Ms. Bhavika Sharma as Company Secretary w.e.f. 02^nd March, 2024.

14. Auditors and Auditors'' Report

M/s. Kalani & Company, Chartered Accountants (ICAI Firm Registration No. 000722C), was appointed as Statutory Auditor of the Company by the members at their AGM held on 24th September, 2022 for a period of 5 years to hold office from the conclusion of the said AGM until the conclusion of the AGM of the Company to be held in calendar year 2027. M/s. Kalani & Company, Chartered Accountants has resigned on 12th August, 2023 before completion of its term, from the position of Statutory Auditors due to inadequate amount of Audit Fees. The Audit Committee and Board of Directors of the Company aligned with the reasons stated in the resignation letter received from the Auditors. The resignation of M/s. Kalani & Company, before completion of its term as auditor caused a casual vacancy in the office of Statutory Auditors as per the provisions of section 139(8) of the Companies Act, 2013 and casual vacancy so caused by the resignation of auditors which was filled by M/s. R S Dani & Co., Chartered Accountants (ICAI Firm Registration No. 000243C) by passing of resolution through postal ballot w.e.f. December 9th, 2023 to hold office up to the conclusion of this Annual General Meeting of the Company.

M/s. R S Dani & Co., Chartered Accountants (ICAI Firm Registration No. 000243C) proposed to lie appointed for their first term of 5 years for auditing as a Statutory Auditor of the Company from financial year 2023 till end of the Financial year 2028 (till the conclusion of the 42nd Annual General Meeting of the Company to be held in year 2028) at such remuneration as may be mutually agreed to, between the Board of Directors and the Auditors.

M/s. R S Dani & Co., Chartered Accountants (ICAI Firm Registration No. 000243C) have experience in various types of audits including Statutory Audits, Internal Audits, Stock Audits, Due Diligence and Investigation audits. They have experience in auditing different kinds of entities including Large Corporates, Small and medium sized entitles, Multi locational entities etc. The Audit Firm has valid Peer Review certificate. The Board proposes and recommends the aforesaid resolution for your approval.

The Statutory Auditors'' Report forms part of the Annual Report. The Statutory Auditor''s report does not contain any qualification, reservation or adverse remark for the year under review. There was no

instance of fraud during the year under review, which required the Statutory Auditors to report to the Audit Committee and / or Board under Section 143(12) of Act and Rules framed thereunder.

15. Cost Audit

The Company is not required to conduct cost audit during the financial year 2023-24.

16. Secretarial Audit

Pursuant to Section 204 of the Companies Act, 2013 read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, Company had appointed M/s. Bharat Rathore & Associates, Practicing Company Secretaries, Kota as Secretarial Auditor of the Company for the Year 2024-25.

In accordance with the Section 204 of the Act, M/s. Bharat Rathore & Associates, have submitted their Secretarial Audit report in prescribed format and the same has been attached at Annexure-A. The report so submitted is self-explanatory and does not call for any further explanation(s) / comment(s).

The Board of Directors appointed M/s. Bharat Rathore & Associates, Practising Company Secretaries, to conduct Secretarial Audit for the financial year 2024-25.

The Secretarial Audit Report of M/s. Bharat Rathore & Associates, Practising Company Secretaries for the financial year ended 2023-24, is annexed as Annexure A.

The Secretarial Audit Report does not contain any qualification, reservation or adverse remark.

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

17. Particulars of I^oans, Guarantees or Investment

Details of loans, guarantees and investments covered under the provisions of Section 186 of the Companies Act, 2013 are given in the notes forming part of the financial statements.

18. Particulars of Contract or arrangement with Related Parties

All related party transactions (RPTs) which were entered into during the financial year were on arm’s length basis and did not attract provision of Section 188 of the Companies Act, 2013. There were material transaction entered with related parties, during the year under review, which have been disclosed in Form AOC-2 as an Annexure-2. All transactions (if any) covered under Related Party Transactions are regularly/periodically ratified and/or approved by the Board/Audit Committee.

The Related Party Transaction Policy as approved by the Board is uploaded on the Company’s website at the web link: http://www.shricon.in.

All the related party transactions are entered into at ami’s length in the ordinary course of business and are in compliance with the applicable provisions of the Act and the Listing Regulation and there are no materia] significant related party transactions made by the Company with Promoters, Directors or Key Managerial Personnel etc. which may have a potential conflict with the interests of the Company FORM AOC-2 has been attached with this Directors Report.

19. Particulars of Employees

The information required under Section 197(12) of the Companies Act, 2013 read with the Companies!Appointment and Remuneration of Managerial Personnel) Rules, 2014, as amended, the name and other particulars of employees are to be set out in the Directors’ Report as an addendum or annexure thereto.

However, in line with the provisions of Section 136(1) of the Act, the Report and Accounts as set out therein, me being sent to all Members of your Company and others entitled thereto, excluding the aforesaid information about the employees. Any Member who is interested in obtaining these particulars may write to the Compliance Officer at the Registered Office of the Company.

None of the employee listed in the said Annexure is a relative of any director of the Company. None of the employee holds (by himself or along w''ith his spouse and dependent Children) more than two percent of the Equity shares of the Company.

20. Energy Conservation, Technology Absorption and Foreign Exchange Earnings and Outgo

Consider the business activities of the Company the requirement relating to providing the particulars relating to conservation of energy and technology absorption stipulated in Rule 8 of the Companies (Accounts) Rules 2014 required to be furnished u/s.134 (3)(m) of the Companies Act, 2013 are as follows:

Conservation of Energy:
i	Steps taken or impact on conservation of energy		NA
ii	Steps taken by the Company for utilizing alternate source of energy		NA
iii	Capital investment on energy conservation equipment’s		NA
Technolc	>gy absorption:
i	Efforts made tow''ards technology absorption		NA
ii	Benefits derived like product improvement, cost reduction, production development or import substitution		NA
iii	In case of imported technology (imported during last three financial Years reckoned from the beginning of the financial year)		NA
	a) The details of technology imported		NA
	b) The year of import		NA
	c) Whether the technology has been fully absorbed		NA
	d) If not fully absorbed, areas where absorption has not taken place and the reasons thereof.		NA
iv	The expenditure incurred on Research and Development		NA
Foreign Earnings & Outgo
Sr. No.	Particulars	2023-2024	2022-2023
A	Total Earning for Foreign Exchange	NIL	NIL
1	FOB Value of Exports	NIL	NIL
2	Services rendered	NIL	NIL
B	Total Outgo in Foreign Exchange	NIL	NIL
1	Travelling expenses	NIL	NIL
2	Dividend payment	NIL	NIL
3	Other expenses	NIL	NIL

21. Composition of Audit Committee

In line with the provisions of Section 177 (8) of the Companies Act, 2013, the composition of the Committee is as below:

1. Mr. Rahul Rohira as Chairman of the Audit Committee. (Independent Director)

2. Mr. Manish Jain as Member of the Audit Committee (Independent Director)

3. Mr. Om Prakash Maheshwari as Member of the Audit Committee.

22. Vigil Mechanism

The Company has formulated a Whistle Blower Policy to establish a vigil mechanism for Directors and employees of the Company to report concerns about unethical behavior, actual or suspected fraud or violation of the Company’s code of conduct or ethics policy. The mechanism under the policy has been appropriately communicated within the organization. The Whistle Blower Policy is available on the website of the Company.

23. Performance Evaluation

Pursuant to Clause 49 of tire Listing Agreement read with provisions of the Companies Act, 2013, the Board has carried out an evaluation of its own performance and that of the individual Directors. The evaluation criteria, inter aha, covered various aspects of the Board’s functioning including its composition, execution and performance of specific duties, obligations and governance. The performance of individual directors was evaluated on parameters such as Attendance and participation in the Meetings, Contribution towards growth of the Company, Leadership initiative, Team work attributes and supervision of staff members, Compliance with policies, safeguarding the interest of the Company etc. The Directors expressed their satisfaction with the evaluation process.

24. Key Parameters for appointment of Directors and Key Managerial Personnel

The Nomination and Remuneration Committee has formulated a detailed policy for appointment of directors, key managerial personnel which is designed to attract, motivate and retain best talent. This policy applies to directors, senior management including its Key Managerial Personnel (KMP) and senior management of the Company. The remuneration of the Executive Directors and KMPs of the Company is recommended by the Nomination and Remuneration Committee based on the Company’s remuneration structure taking into account factors such as level of experience, qualification and suitability. The Company generally pays remuneration by way of salary, perquisites and allowances.

25. Public Deposits

During the year, your Company has neither invited not accepted any deposits from the public within the meaning of section 2(32) and 74 of the Companies Act, 2013 and as such, no amount of principal or interest on deposit was outstanding as of the balance sheet date.

26. Policies of the Company

Your Company has posted the following documents on its website www.shricon.in.

1. Code of Conduct and Ethics

2. Whistle Blower Policy

3. Related Party Transaction Policy

4. Familiarization Program.

5. Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of Trading by insiders

6. Remuneration Policy

7. Code of Fair Disclosure

27. Human Resource and Employee’s Stock Option Scheme

Your Company has been able to create and continuously improve a favorable work environment that encourages innovation and meritocracy at all levels. Employees'' relations remained cordial at all the Company''s locations. The Directors take this opportunity to record their appreciation for the outstanding contribution.

There is no Employees Stock Option Plan 2013 (ESOP 2013) in the Company.

28. Significant and Material Orders Passed by the Regulators or Courts

During the financial year under review, no significant or material orders were passed by any Regulatory/ Statutory Authorities or the Courts or tribunals which would impact the going concern status of the Company and its future operations.

29. Extract of Annual Return

Tn accordance wdth the provisions of Section 134(3) read with Section 92(3) of the Companies Act, 2013, the Annual Return for the financial year ended on 31³¹ March 2024 in the prescribed formMGT-7 is disclosed on the website of the at www.shricon.in.

30. Corporate Social Responsibility

The Company has not developed and implemented any Corporate Social Responsibility initiatives as the provisions of Section 135 of Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2014 docs not applicable to the Company.

31. Disclosure under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013:

The Company has in place a Sexual Harassment Policy in line with the requirement of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Aet, 2013. Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment.

All employees (permanent, contractual, temporary, trainees) are covered under the policy. The following is a summary of sexual harassment complaints received and disposed off during the year 2023-24:

No. of complaints received : Nil

No. of complaints disposed off : Nil

32. Management Discussion And Analysis Report

Pursuant to Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred as “SEBI''s Listing Regulations”), the operations of the company are reviewed in detail in the Management Discussion and Analysis Report are forming part of Report.

33. Business Responsibility Reporting

The Business Responsibility Reporting as required by Clause 55 of the Listing Agreement with the Stock Exchanges is not applicable to your Company for the financial year ending March 31, 2024.

34. Disclosures Under Sexual Harassment of Women At Workplace (Prevention, Prohibition & Redressal) Act 2013

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

35. Green Initiative

Your Company has taken the initiative of going green and minimizing the impact on the environment. The Company has been circulating the copy of the Annual Report in electronic format to all those Members whose email addresses are available with the Company. Your Company appeals other Members ill so to register themselves for receiving Annual Report in electronic form.

36. Changes in the Nature of Business, if Any

The Company continued to provide Real Estate services and hence, there was no change in the nature of business or operations of the Company which impacted the financial position of the Company during the year under review.

37. Particulars of Remuneration

Details as required under the provisions of Section 197(12) of the Companies Act, 2013, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, are placed on the Company’s website www.shricon.in as an annexure to the Board''s Report.

A physical copy of the same will be made available to any shareholder on request, as per provisions of Section 136(1) of the said Act. Details as required under the provisions of Section 197(12) of the Companies Act 2013, read with Rule 5(2) and 5(3) of the said Rules, which form part of the Board’s Report, will be made available to any share holder on request, as per provisions of Section 136(1) of the said Act.

38. Industrial Relations

Industrial Relations continued to remain peaceful and cordial throughout the year. We value the long association of our stakeholders to sustain industrial harmony and create a positive work environment. By introducing various new work practices we have succeeded in enhancing manpower productivity & attendance to the optimum.

39. Acknowledgements and Appreciation

Your Directors are thankful to all the shareholders, Advisors, Bankers, Governmental Authorities, media and all concerned for their continued support. The Directors acknowledge the commitment and contribution of all employees to the growth of the Company. Our consistent growth was made possible by their hard work, solidarity, cooperation and support.

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Mar 31, 2014

The Members,

Shricon Industries Limited

Kota

The Directors have pleasure in presenting the Annual Report of the Company for financial year ended March 31, 2014 with the Audited Statement of Accounts and the Auditors'' Report of your Company for the financial year ended 31st March 2014.

FINANCIAL RESULTS:

The detailed financial statement of the Company is attached with this report.

DIVIDEND

Your directors do not recommend any dividend on equity shares for the period ended 31st March, 2014.

DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant to the requirement under Section 217 (2AA) of the Companies Act, 1956, with respect to Directors'' Responsibility Statement, it is hereby confirmed that:

i. in the preparation of the annual accounts for the financial year ended 31st March, 2014, the applicable accounting standards have been followed along with proper explanations relating to material departures;

ii. 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 31st March, 2014 and of the profit of the Company for the said period;

iii. the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and

iv. the Directors have prepared the accounts for the financial year ended 31st March, 2014, on a ''going concern'' basis.

PUBLIC DEPOSITS

Your Company has not accepted any fixed deposits from public and, as such, no amount of principal or interest was outstanding on the date of the balance sheet.

DIRECTORS:

In accordance with the provisions of the Companies Act, 1956 and the Articles of Association of your Company, Mr. Nawal Kishore Maheshwari, Director of your Company, retires by rotation at the forthcoming Annual General Meeting and being eligible, offers himself for reappointment.

AUDITORS

M/s M/s Harish Dayani & Co., Chartered Accountants the Auditors of your Company, retire at the forthcoming Annual General Meeting and have confirmed their eligibility and willingness to accept office, if reappointed.

The Notes on Accounts referred to in the Auditors'' Report are self explanatory and do not require any further comments.

PARTICULARS OF EMPLOYEES

Information in terms of Sec 217(i)(e) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 is not applicable to the Company.

ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

Considering the business activities of the Company information required to be provided under Section 217(1)(e) of the Companies Act, 1956, read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, in relation to Conservation of Energy and Technology Absorption are currently not applicable to the Company.

There was no earning or expenditure in foreign currency during the year.

ACKNOWLEDGEMENT

The Board of Directors would like to express their sincere thanks to the all shareholders and other concerned for their continued support and co-operation.

For and on behalf of the Board of Directors,

Om Prakash Maheshwari Nawal Kishore Maheshwari Director Director

Date: August 14, 2014 Place: Kota

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Mar 31, 2013

The Members of Shricori Industries Limited

The Directors have pleasure in presenting Annual Report of the Company for financial year ended March 31, 2013 with the Audited Statement of Accounts and the Auditors'' Report of your Company for the financial year ended 31 March 2013.

FINANCIAL RESULTS:

The detailed financial statement of the Company is attached with this report.

DIVIDEND

Your directors do not recommend any dividend on equity shares for the period ended 31st March, 2013.

DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant lo the tenement under Section 217 (2AA) of the Companies Act, 1956, with reaped to Directors'' Responsibility Statement, it is hereby confirmed that;

i. in the preparation of the annual accounts for the financial year ended 31st March. 2013, the applicable accounting standards have been followed along with proper explanations relating to material departures;

ii uie 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 31st March. 2013 and of the loss of the Company for the said period:

iii the Directors have taken proper and sufficient can: for (he maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956, for safeguarding the assets of the Company and fcr preventing and detecting fraud and other irregularities; and

iv. the Directors have prepared the accounts for the financial year ended 31 st March, 2013, on a ''going concern basis.

PUBLIC DEPOSITS

Your Company has not accepted any feed depos.ts from public and, as such, no amount of principal or interest was outstandmg on the date of the balance sheet.

DIRECTORS:

In accordance with the provisions of the Companies Act, 1956 and the Articles of Association of your'' Company, Mr J3m Prakash Maheshwari, Director of your Company, retires by rotation at the forthcoming Annua! General Meeting and being eligible. offers himself for reappointment.

AUDITORS

M/s Parish Dayani & Co.. Chartered Accountants, Mumbai the Auditors of your Company, retire at the forthcoming Annual General Meeting and have confirmed their eligibility and willingness to accept office, if reappointed.

PARTICULARS OF EMPLOYEES

Information in terms of Sec 2l7
COMPLIANCE CERTIFICATE

As per requirement of Section 383A of the Compantes Act. 1956 and companies Compliance Certificate Rule 2001, the Company has obtained a certificate from Company Secretary in whole time Practice is to be laid in Annual General Meeting.

ENERGY CONSERVATION, TECHNOLOGY ARSORn.ON AND FOREIGN EXCHANGE EARNINGS AND OUTGO

Considering the business activities of the Company informatin required to be provided under Section 217(1)(e) of the Companies Act, read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, in relation to Conservation of Energy and Technology Absorption are currently not applicable to the Company.

There was no taming or expenditure in foreign currency during the year.

ACKNOWLEDGEMENT

The Board of Direct would like to express their sincere thanks to the all stakeholders and other concerned for their continued support and co-operation.



BY ORDER OF THE BOARD

FOR SHRICON INDUSTRIES LIMITED



Place- KOTA (Om Prakash Maheshwari)
Dated: May 28.2013 Director Director

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Mar 31, 2010

The Directors have pleasure in presenting the 25th Annual Report of the company together with the audited accounts for the year ended on 31st March, 2010.

FINANCIAL PERFORMANCE

During the year under report the company has carried out trading operations of shares.

Amount in Rs. (In Thousand) Year ended Year ended 3lst March, 20IO 31st March,2009

Total Income 713.03 1271.17

Total Expenditure 636.53 915.19

Profit/(Loss )Before Taxation 76.94 355.99

Less : Provision for Taxation 19.00

Loss after Tax 66.19 245.06

Add: Balance brought forward from last year 6704.92 6459.86

Balance Carried Forward to Balance Sheet 6771.12 6704.92

DIVIDEND

No dividend has been recommended for this year.

Particulars Regarding Conservation of Energy. Technology Absorption

There were no activities relating to conservation of energy, technology absorption etc during the year.

Particulars of Earning and Expenditure in foreign currency

There were no earnings or expenditure in foreign currency during the year.

COMPLIANCE CERTIFICATE

As per requirement of Section 383A of the Companies Act, 1956 and companies Compliance Certificate Rule200l, the company has obtained a certificate from Company Secretary in Whole time in Practice is to be laid in forthcoming Annual General Meeting.

AUDITORS

M/s Rahul Singhvi & Associates, chartered Accountants, Auditors of the company retire at the ensuing Annual General Meeting and is eligible for reappointment

DIRECTORS RESPONSIBILITY STATEMENT

The Directors hereby state:

i. That in the preparation of the annual accounts for the financial year ended 31st March, 2010, the applicable accounting standards have been followed along with proper explanations relating to material departures;

ii. That 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 31st March, 2010 and of the profit of the Company for the said period;

iii. That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and

iv. That the Directors have prepared the accounts for the financial year ended 31st March, 2010, on a going concern basis.

APPRECIATION

The Directors of your company wish to place on record their appreciation for the support given by the banker, shareholders & staff for their support to the company.



On behalf of the Board of Directors,

Om Maheshwari Nawal Maheshwari Director Director